---------------------- Forwarded by Mike McConnell/HOU/ECT on 12/04/2000
06:32 PM ---------------------------

Eric Gonzales
12/04/2000 06:45 AM
To: Eric Groves/HOU/ECT@ECT
cc:  (bcc: Mike McConnell/HOU/ECT)
Subject: Re: Jose LNG - Crude Pricing

Our ability in crude is apparently very poor.  What can J Wilson do thru
2010?  I want the crude desk to make us a price and present an acceptable
volume.

If we have to suggest to PDVSA only doing a crude index through 2012, I
strongly believe we should try if we can create some additional value thru
this structure.  Tell me if you would like me to give him a call to explain
what the effort potentially create.

Thanks
Eric

	Enron Capital & Trade Resources Corp.

	From:  Eric Groves                           30/11/2000 17:04

To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Eric Gonzales/LON/ECT@ECT
cc:

Subject: Re: Jose LNG - Crude Pricing

 Per a conversation I had with John Wilson the head crude oil trader in the
Houston office, the feasability of hedging price risk linked to WTI or Brent
on a 20 year deal is NOT a possibility.  If we had 1/3 of our GSA price
linked to Brent our exposure for 20 years would be about 30 million barrels
notional or about 14 million barrels PV.  At 5% our exposure would still be 5
million notional or 2.3 million PV.  According to John, he would not be
comfortable doing anything past 2012 and even out that far he would not
consider doing more than about 1 million PV barrels in the years 2010 -
2012.  Given these comments, I would say that the size of our deal basically
precludes a look at Crude Oil hedges at this time.  As far as the economics
of the deal are concerned, we basically cannot even get an Offer to use to
figure out our economics.  I am confident that if we pushed the issue to see
if we could get a 20 year offer even for a small portion of the volumes that
the hedging costs would be too high, and therefore have left it at that for
the time being.   Please advise if you have any thoughts on the issue.

Thanks,

Eric

Guido Caranti@ENRON_DEVELOPMENT
11/29/2000 09:27 AM
To: Eric Gonzales/LON/ECT@ECT
cc: Emilio Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt@ECT, Larry
Lawyer/NA/Enron@Enron@ECT, Cris Sherman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Jose LNG - Off-take Comments

Eric, thanks for your comments. Please see below in blue our observations and
answers. Let's talk later today if you have further questions.

Saludos

Guido and Emilio

Enron Offtake Agreement

Section 2
Should this agreement start at commercial hand over of the plant under the
EPC agreement.  Benefit here is LDs under the EPC for late delivery go to
project company and project company has no obligation to lng buyers.  In
addition it preserves your 20 year offtake which should still match your GSA.

 The agreement should start at commercial hand over of the plant as you say.
The draft as it is now has only outer limits as to when that should happen
(that being the earlier of 40 months after Financial  Close or NTP or Dec 31
2004). We will add to this list "the earlier of" something like: "the date on
which the plant has produced LNG at at least 90% of its capacity for a period
of 10 consecutive days". We suggest putting something like this as opposed to
"commercial hand over" because this is in the plant's/contractor's control
and they could, for example, on purpose not meet a noise level requirement
for 4 months  for example and delay commencement of the offtake contract
while the project sells LNG at higher prices than in the term sheets.

With regards to the EPC LDs we agree that they should go only to the project
but we, as offtakers, can not wait for ever for the project to be completed
with out receiving gas or damages for something that is somehow (directly or
indirectly) under the project's control. We have 4 months limits to how much
the project can be delayed on top of all the conservatism that EECC (or
another EPC Contractor) already built in.

Section 6
I would like to see some language in this section describing the pricing
formula associated with expansions.  Structure could be set as in this
contract where Pg is to reflect GSA costs and where the combined value of
Pcpi and Pa should be derived to provide an equity return to the sponsors of
18%.

 We agree that would be better, but we included this section knowing that is
something that is going to be a very difficult sell with PDVSA, because they
don't want us to sell down and then keep "controlling" new  LNG businesses in
Jose. They will oppose this clause as they violently opposed the limited
exclusivity at Jose that we managed to include in the GSA. We think that
adding a restriction to the asset's returns now in the draft will make it
very tough to sell to PDVSA the entire Clause. Thus, jeopardizing our chance
to control the output of future plants or expansions. We never intended to
use these off-take agreements as a vehicle to control future LNG volumes.
Nevertheless, we felt it was a good chance for us to start getting partial
control of the output. Pushing it too much will back fire and PDVSA will
clearly realize what our intent is.

Section 7
Where is the bonus calculation?  We did not include it now on purpose. We
will include it when ever they "remind" us to do so. We want to have another
fight about the bonus.
Where is the min price? The minimum price is in. We say that one of the
terms in the price is Pg x En where En is never less than one
I thought you guys were going to trade out CPI for a fixed number? We are
going to try to do it, but that is first a GSA issue, and we don't want to
put it here as something firm before we change it in the GSA. We precisely
bracketed the CPI percentage in the formula because of our thought that we
want to make it zero
Have you decided that a WTI index percentage does not help the economics? No,
we don't have the definitive answer from structuring yet, but our guess and
based on our meeting with RAC the other day, in which they told us about the
mess created by an oil escalation in Cuiba (Brazil power plant), we are
pretty much convinced that oil escalation without oil based LNG sales is not
convenient. But since we don't have a definitive answer yet we still included
oil as a possible escalator with a zero weighting (that should have been
bracketed in the term-sheet, though, and it will).

Section 10
you have incorporated the GSA default rate for late payment as opposed to the
Equilibrium rate.  Is this your intent to have a mismatch?
 Yes, we did it on purpose because this will apply also to PDVSA as
off-taker, and they have a record of paying late so we want them to suffer if
they do.

you have all new taxes being borne by the project company.  Will the banks
accept this as the project company will be thinly capitalized.  See section
18 of the Arcos CTA for ideas if this is an issue.
 The exporter of record will be the project, so the buyer has no business in
Venezuela other than paying port fees. We do not see any kind of taxes that
could be imposed on Buyer by Venezuela that would eventually be transferred
to the project. Banks should be fine with this as this is a risk that
projects typically take all the time (the heavy crude projects are some
examples in Venezuela). In addition, the GSA provides for a number of reliefs
for the Project Company that will help Banks and equity holders to feel
safer. Although, a large portion of the underlying risk is always there.

Other
where are the LD calculations explained?  I think you need LDs for GSA
default and another for plant default.  GSA default should match LD's in GSA
contract less compensation to plant debt recovery.
 In stead of writing an explicit LD calculation our lawyers suggested that
the sole use of New York law to rule the deal was simpler and better. New
York law provides for full market based damages (market price of commodity
plus extra costs) which is the maximum you can get in a negotiation for an LD
clause. So, from a legal and commercial point of view we much rather have it
as it is. We are still discussing w/ Brent Price and Cris Sherman if this is
sellable to AA for MTM, but our initial view is that it should be since the
level of LD can not be better. GSA default is market based (provided that
PDVSA, as we expect, accepts the change we will propose) so the Project
Company will be able to pay market based damages. For interruption of gas
supply from PDV for Force Majeure reasons our insurance team is finding out
if the market will cover such risk so that the project can afford not being
relieved from performance in such event (this will obviously be to a maximum
dollar limit to be determined and for a maximum period of time, say 36 months
- we need time to give you precision on this, but some sort of coverage will
be available).

suppose the plant produces 5% less that it is supposed to due to design or
tech problems (not a FM issue) at commercial hand over.  What happens under
the offtake agreements?  Will the banks accept this revenue short fall?  Will
we have to create a reserve?  This may be a big issue with the banks for
technology reasons and lack of experience in this industry.
  Under the off-take agreements the project pays market based damages if it
does not meet the contracted volume. We believe that the contracted volume
that we included in the term sheets though has enough of a cushion for banks
and equity holders to bear the risk. We are contracting for contractually
guaranteed production under the EPC which is 3% lower than expected. On top
of that we are considering LNG production with the richest inlet gas possible
(meaning a lower LNG volume). This volume is 5% lower than the guaranteed
production with "Normal" or expected feed composition. Combining these two we
have a contracted quantity that is 8% lower than the expected production with
expected feed. On top of this it is important to note that every single LNG
plant in the world ended up with a production capacity that is at least 10%
above what was expected (mostly due to EPC Contractors and tech partners
making very safe assumptions on guaranteed volumes to avoid LDs). Also the
EPC contract being negotiated provides for pretty severe LD in case of
production shortfalls that are enough to pay for debt and make equity-holders
whole. They don't provide though, for damages payable under off-take
contracts (nobody will take this potentially huge exposure on LDs). However,
as we explained, we believe that this is a risk that is typically taken by
producers and that we have already taken a very conservative assumption in
the volume contracted and that should be beard by the Project Co. Banks will
most definitely also take a conservative volume assumption, as we already
did.

What happens if plant starts producing less for a few weeks until problem is
resolved? what compensation do the offtakers get? do the banks suffer here as
well?
 The term sheet establishes an annual quantity as the only standard to
determine failure to deliver by Seller. It also establishes that deliveries
should be at rates and intervals that are reasonably constant. The bottom
line is that the termsheets do not go into all the detail about timing of
defaults and price differentials. It sets, however, a reasonable standard by
which if at the end of the year seller did not deliver the full annual
quantity and a particular month can be identified where the deficiency occur
based on the "reasonable constant deliveries" provision, damages will be
payable based on prices during such month. Yes banks suffer here to the
extent that the cause of the short fall is not insurable.  Nevertheless,
short periods (weeks) of failures to deliver by seller will really not affect
the Project Company ability to pay the Banks.  It will have to be some
prolonged period for Banks to be affected.

Under a plant FM issue you may not get BI cover for the first 60 days.  Will
the banks accept this or will they want a reserve established.  Is this in
your model?
 We are not sure off what the banks are going to require in this regard
(although, we agree that some sort of reserve or LC is to be expected). Our
model assumes the cost of an LC for 6 month debt service (which should be
plenty). The issue here is if MTM is going to be able to live with the same
or longer grace period for damages to kick in under the termsheet and weather
damages (not BI) are insurable and to what extent if FM relief is not
permitted for MTM reasons. The question that follows is: if damages exceed
the insured limits in a FM event that does not relief the project from its
obligation to deliver, have the damages have to be senior to debt payments
for AA to allow MTM to be permitted? If this is so, are the banks going to be
willing to live with this?, probably not.

insert something on planned maintenance timing and scheduling.
 It is briefly covered in section 9 second paragraph. This will be expended
in later drafts once the PA is signed and we are home free with regard to
PDVSA.

insert termination section
 In light of the fact that we will end up being more of an off-taker than an
asset owner in this project our lawyers suggest that we will get better
protection if early termination is ruled by what is provided under NY law
than if we try to right an early termination clause. They point out also that
90% of LNG contracts are done in this way, having NY law rule the game. They
point out also that from the project point of view banks are very used to and
prefer having early termination be ruled by NY law.

put something in about the buyer willing to accept entering direct agreements
for financing requirements?
 We will

Eric Gonzales@ECT
11/28/2000 03:40 AM
To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt
cc: Larry Lawyer/NA/Enron@Enron, Cris Sherman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Jose LNG - Off-take Comments

Enron Offtake Agreement

Section 2
Should this agreement start at commercial hand over of the plant under the
EPC agreement.  Benefit here is LDs under the EPC for late delivery go to
project company and project company has no obligation to lng buyers.  In
addition it preserves your 20 year offtake which should still match your GSA.

Section 6
I would like to see some language in this section describing the pricing
formula associated with expansions.  Structure could be set as in this
contract where Pg is to reflect GSA costs and where the combined value of
Pcpi and Pa should be derived to provide an equity return to the sponsors of
18%.

Section 7
Where is the bonus calculation?
Where is the min price?
I thought you guys were going to trade out CPI for a fixed number?
Have you decided that a WTI index percentage does not help the economics?

Section 10
you have incorporated the GSA default rate for late payment as opposed to the
Equilibrium rate.  Is this your intent to have a mismatch?
you have all new taxes being borne by the project company.  Will the banks
accept this as the project company will be thinly capitalised.  See section
18 of the Arcos CTA for ideas if this is an issue.

Other
where are the LD calculations explained?  I think you need LDs for GSA
default and another for plant default.  GSA default should match LD's in GSA
contract less compensation to plant debt recovery.
suppose the plant produces 5% less that it is supposed to due to design or
tech problems (not a FM issue) at commercial hand over.  What happens under
the offtake agreements?  Will the banks accept this revenue short fall?  Will
we have to create a reserve?  This may be a big issue with the banks for
technology reasons and lack of experience in this industry.
What happens if plant starts producing less for a few weeks until problem is
resolved? what compensation do the offtakers get? do the banks suffer here as
well?
Under a plant FM issue you may not get BI cover for the first 60 days.  Will
the banks accept this or will they want a reserve established.  Is this in
your model?
insert something on planned maintenance timing and scheduling.
insert termination section
put something in about the buyer willing to accept entering direct agreements
for financing requirements?

Marketing Agreement
Lets talks about his one

Guido Caranti@ENRON_DEVELOPMENT
22/11/2000 23:34
To: Cris Sherman@ECT, Larry Lawyer@Enron, Brent A Price@ECT, Eric Groves@ECT,
Eric Gonzales@ECT
cc: Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Jose LNG - Off-take

I am enclosing a draft of the off-take termsheets to be included in the
Participation Agreement between Enron and PDVSA Gas. These termsheets will
rule the following transactions:

  a) Sale of LNG from the Project to an affiliate of  Enron for the plant's
output minus PDVSA's off-take

  b) Sale of LNG from the project to and affiliate of PDVSA Gas for the share
of volumes equivalent their equity participation in the Project Co

  c) Re-sale of LNG from the affiliate of PDVSA Gas to the Enron affiliate
for the volumes purchased by PDVSA according to b) above

Please let Emilio and I know your comments about them at your earliest
convenience. Please focus on issues with regard to our ability to MTM these
contracts, such as the force majeure clause. If you have any comments or
questions during the weekend you can reach me at 713 304-4264 or Emilio at
011 5814 330-9016. Otherwise we would like to discuss this with you on Monday.

Thanks for your input and happy Thanks-giving

Guido


Okay, I'm dying to know...What was wrong with the car?

Along those same lines, did you get them to bring the car to you here or do
you have to go get it.  (Don't forget I need to get your parking pass to you.)

As for the home vs. theater viewing...I seem to be more of a home-body these
days as well.

Ted Noble
07/31/2000 01:37 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re:

Hey,

My car actually works.  Can you believe it.  Now I can take you to movies and
we can actually watch them but somehow I think watching a movie at home is
just a tad more fun.

Susan M Scott
07/31/2000 10:34 AM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject:

Evidently, in order for us to actually watch a movie we have to physically go
to the theatre.  Somehow we keep missing that critical step in the home
viewing experience...namely the viewing.


NYMEX Membership Services
May 2, 2001
Notice # MS-31

NOTICE OF INTENTION TO TRANSFER

Please be advised that effective with the close of business, May 1, 2001, he
following member(s) have given notice of intention to transfer their sole
Membership within the Exchange:

Greg Schindler
(Phibro, Inc.)

NOTICE OF INTENTION TO LEASE ORIGINAL MEMBERSHIP

Please be advised that effective with the close of business, May 1, 2001, the
following member(s) have given notice of intention to lease their sole
membership privileges:

Russell Rosenthal (RUSS-4497)

 Members and Member Firms have (10) days from the date of this notice to
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Sara, per your voice mail, here are sample resolutions for ENA line of
credit.  I will be out of the office Friday, July 7, but back on Monday if
you have any questions.  Deb


Joe Hunter has asked me to draft a form of confirmation reply letter that we
could send to our counterparties in lieu of signing their confirmations.
This form of letter with the appropriate chnages could also be used by those
counterparties that we confirm.  Please let me know if you have any comments
on this form or any concerns about implementing this process.  Thanks.
Carol


Karen:
Great job.  Here are my edits.

Best,
Jeff


Strategic Research Institute Presents:

  <http://www.srinstitute.com/brochure_upload/cr219.gif>
April 4 -5, 2002 w Wyndham City Center Hotel w Washington, DC

To Register or For More Information:

Visit the conference website:
www.srinstitute.com/cr219 <http://www.srinstitute.com/cr219>

Call
888-666-8514 (toll free)
or +1-646-336-7030, or e-mail to: info@srinstitute.com <mailto:info@srinstitute.com>

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Please mention priority code DEM001558 when registering.

A wide array of experts will discuss the two most fundamental aspects of the transmission system at Transmission: Operations & Planning, to be held April 4-5 at the Wyndham City Center Hotel in Washington, DC. (www.srinstitute.com/cr219 <http://www.srinstitute.com/cr219>)

This leading event-dealing with the underlying issues of congestion management, market design and the cost associated with transmission restructuring-will feature top-flight speakers covering such topics as:

the locational marginal price (LMP) model as a means for addressing congestion by market means,
the unique problems that arise when "load pockets" exist amid an otherwise adequate system,
the virtues of Standard Market Design,
the realities of operating a system under LMP, and
the use of "hybrid" congestion management models that attempt to reconcile more than one transmission congestion paradigm.

 Chaired by: Alvarado Fernando of University of Wisconsin

SPECIAL KEYNOTE ADDRESSES:
William Hogan, Director, Harvard Electricity Policy Group

Commissioner Stan Wise, Georgia Public Service Commission

If you would like to be removed from our email list, please send to sri@dmgltd.org <mailto:sri@dmgltd.org?subject=REMOVE> and reply with "Remove" in the subject line.


Linda, I may not be able to participate in the December 14th conference
call.  I do believe it is important that Robert Eickenroht participate along
with Jack Urquhart.  Jim


In order to use up  my remaining vacation for the year, I will be out the
following dates:

Friday 12/15
Friday 12/22
Christmas week 12/25 - 12/29

I will be back in the office on Tuesday January 2nd

Allen Cohrs and John Fiscus will be in the office while I am gone and are
available for questions.


No problem, should be available for the next meeting.

John Buchanan

-----Original Message-----
From: Blair, Lynn
Sent: Wednesday, October 17, 2001 2:28 PM
To: Buchanan, John
Subject: RE: NNG/TW Manual Scheduling Report

John, thanks for the update.

Lynn
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Here is a resume that surfaced from Emilio Battioli at Azurix Buenos Aires.
----- Forwarded by John Ale/HOU/AZURIX on 05/29/01 08:24 AM -----

	Emilio Battioli 05/28/01 08:04 AM 	   To: John Ale/HOU/AZURIX@AZURIX  cc:   Subject: L. Nagyte's resume

What do you think of this?

---------------------- Forwarded by Emilio Battioli/BUE/AZURIX on 28/05/2001 10:06 a.m. ---------------------------

"Lina Nagyte" <linanagyte@hotmail.com> on 25/05/2001 06:27:44 p.m.
To:	Emilio Battioli/BUE/AZURIX@AZURIX
cc:

Subject:	L. Nagyte's resume

Dear Mr. Emilio Battioli,

I am an LL.M. candidate (August 2001) at the University of Michigan Law
School. I am very happy to have found the attorney in Enron Corporation who
has studied at the University of Warwick, the institution from which I have
graduated, too.

I have always been eager to practise law in a corporation and at the moment
I am looking for a job in the South of the US. Therefore, I have decided to
write to you contemplating that Enron Corporation may be interested in
utilizing my credentials.

As a native of Lithuania with a law and business degree from the University
of Warwick, I have had extensive international business and personal
experience in UK, Eastern Europe and Russia. I did an internship in Oil
Trading International and Legal Departments of BP Amoco PLC, London. I also
gained some corporate work experience when doing an internship in Harden &
Wells in Beijing. To gain further insight into corporate and securities
matters, I have focused on business related classes at the University of
Michigan Law School.

I would really appreciate if you had a look at my resume, which is attached
to this e-mail. Thank you ever so much.

Sincerely,
Lina Nagyte
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

 - Lina resume.doc


I have reviewed the Transformer and Turbine Letter Agreements I received
today.

Transformer Letter

2(a) & 3(e):  why is there usage of "ABB et al." when ABB is defined?  Also,
the "certain agreement" referred to in both sections is NOT between ENA and
ABB.  It's now between E-Next Generation LLC as purchaser, ENA as agent for
purchaser, and ABB, as amended.

3(a):  have two sets of "(i), (ii)" in para.  It's also unclear what this
para actually says.

4:  definition of "Term" should go after (b) no?

Turbine Letter

3(a):  Para is clearer than in Transformer but still difficult to understand.

3(f):  Don't understand this para. and what happens with the final payment
due to GE.

3(g):  the "certain agreement" is not between GE and ENA.  See first comment
under Transformer Letter.  There is also the usage of "et al." after GE.

4:  same comment as in Transformer Letter.

I haven't had a chance to review the LLC Agreement yet.

Lisa


In follow up to my voice mail, just add new language as the first sentence of
Section 4.

Leslie
----- Forwarded by Leslie Hansen/HOU/ECT on 12/12/2000 01:04 PM -----

	Bob Shults
	12/12/2000 10:14 AM

		 To: Tana Jones/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT
		 cc:
		 Subject: Re: NDA

Would you please add the language below and email the NDA to David.  Thanks
---------------------- Forwarded by Bob Shults/HOU/ECT on 12/12/2000 10:12 AM
---------------------------

David Hufton <dhufton@pvm.co.uk> on 12/12/2000 03:43:59 AM
To: Bob.Shults@enron.com
cc:
Subject: Re: NDA

Happy with that . Perhaps you could e-mail me the ammended document . How
do you want to hadle the signing pocedures ?
At 09:19 11/12/00 -0600, you wrote:
>
>We are happy to include the following provision in our NDA to make clear
>that you are under no obligation to provide us with confidential
>information:
>
>"Whether to disclose particular information remains the sole discretion of
>the disclosing party and nothing hereunder obligates a party in any way to
>disclose any information."

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the system manager. Unless stated to the contrary, any opinions
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As we prepare to migrate to Microsoft Windows 2000 and Outlook 2000, we want
to provide information on Outlook...the product, the implementation, and
Enron's email guidelines, in general.  Microsoft Outlook 2000 integrates more
effectively with the Windows 2000 Operating System and other Microsoft
products than does Lotus Notes.  Further it provides a more robust mail
platform.  Additional benefits include the ability to update your hand-held
device from multiple places, and the ability to retrieve your Enron E-mail
via a browser.

Mail Conversion Process - You will not lose any mail messages in the
conversion to Outlook!  The last 30 days of mail will be converted to
Outlook.  All other mail messages in your Notes database will be available
via a read-only browser-based Notes file.  The Enron E-mail retention policy
described below will apply to all mail files.  All information in your
personal address book will be converted to Outlook.

Notes Databases - After the Outlook conversion, you will not have Notes on
your desktop; thus, all Notes databases will be web-enabled.  If you are the
owner of a Notes database, you will be contacted soon to schedule the
conversion.

Notes Archive Databases - Archiving of mail messages is a violation of the
mail retention policy.  No archive database will be supported or converted to
Outlook.  You will not have access to the file after the conversion.

Training - To ensure your successful conversion to Outlook 2000, you will be
required to sign up for and attend a hands-on training class.  The class will
consist of an overview of Windows 2000 and Outlook.  You will also receive
brochures and other documentation as you are migrated to Outlook.

Encrypted Mail
Encrypted mail messages will not be converted to Outlook.  If you have any
encrypted messages in your current mail file, we will contact you directly
prior to your conversion.

Mailbox Size - User Mailboxes will be restricted to 100 MB.  Warnings will be
sent as your mail file reaches 75MB.  After your mail file reaches 100 MB,
you will no longer be able to send messages.

Inbound/Outbound Mail Size Limits - The restricted size for both incoming and
outgoing mail is now 10MB.

Email Retention Policy - Below is a copy of the Email Retention Policy.  This
policy will be enforced with the Outlook Implementation.

Message Location	Maximum Retention
Inbox	30 days
Message Log/Sent Mail 	30 days
Trash	Rollover from Inbox for 15 days
Bulletin Boards	30 days
Folders/Archives	E-mail messages placed in folders/archives
Archives	All e-mail messages placed in archives will be destroyed after one
year.

Your next communication will be shortly before your migration date.  If you
have any questions in the meantime, please feel free to call us.

ETS Solution Center at 713-345-4745
Omaha Help Desk at 402-398-7454


ok.  i am not mad at you.  i am just joking!  i like to give you a hard time.  don't "so whatever" me!  :)

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, October 18, 2001 1:10 PM
To:	Nelson, Michelle
Subject:	RE:

we were talking about the error and I brought up your name and asked what you do jokingly, then someone said dont blame her because she is cute and I said you are right who is her boss meaning so we can blame him. So whatever

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Thursday, October 18, 2001 1:06 PM
To:	Maggi, Mike
Subject:	RE:

I don't remember hearing any compliments.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, October 18, 2001 1:05 PM
To:	Nelson, Michelle
Subject:	RE:

I didnt say anything bad, actually it was a compliment

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Thursday, October 18, 2001 1:04 PM
To:	Maggi, Mike
Subject:	RE:

Um no.  Should I?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, October 18, 2001 1:03 PM
To:	Nelson, Michelle
Subject:

you are not going to let it go are you?


Michael Brown
011 44 207 783-5411 (W)

Mary Nell Browning
011 44 207 783 6582 (W)
011 44 468 736 209  (Mobile)
011 44 207 589 5248

Mark Evans
011 44 207 783 5424 (W)
011 44 7798 500 445


This is an automatically generated Delivery Status Notification.

Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination.

       jonathan@gersten.com

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RSHAPIRO>
To: Jonathan Goldstein <jonathan@gersten.com>
Date: Tuesday, November 27, 2001 5:16:18 GMT
Subject:

Can you please call me today at 713-853-3407? Thanks.

-----Original Message-----
From: Jonathan Goldstein [mailto:jonathan@gersten.com]
Sent: Tuesday, November 20, 2001 10:52 AM
To: Shapiro, Richard
Subject: Re: Life Ins. App

We should have the policies next week and then forwarded on to you.Have good Thanks giving.

----- Original Message -----
From: Shapiro, Richard <mailto:Richard.Shapiro@ENRON.com>
To: Jonathan Goldstein <mailto:jonathan@gersten.com>
Sent: Tuesday, November 20, 2001 11:39 AM
Subject: RE: Life Ins. App

Will get in mail tonight. Thanks.

-----Original Message-----
From: Jonathan Goldstein [<mailto:jonathan@gersten.com>]
Sent: Tuesday, November 20, 2001 10:37 AM
To: Shapiro, Richard
Subject: Fw: Life Ins. App

Hi Rich,
They did approve the 2mm.To activate the coverage:

    Michele Lecoca--$1610 - 10% off 1st yr-$1449
                                         (z01209440)
   Richard Shapiro--$1890- 10%off   1st yr-1701
                                            (Z01209831)
              payable to:West Coast Life
                           send to
                  Jonathan GOldstein
              189 Reservoir st
                  Needham,Ma 02494

----- Original Message -----
From: Jonathan Goldstein <mailto:jonathan@gersten.com>
To: Shapiro, Richard <mailto:Richard.Shapiro@ENRON.com>
Sent: Thursday, November 15, 2001 1:02 PM
Subject: Re: Life Ins. App

Hi Rich,
Both you and Michelle were approved super preferred by
West Coast Life:
                              Richard   $1.5mm-20yr is $1430
                                               $2mm---20yr is $1890
                                              $1.5mm- 30yr is$ 2980
                                              $2mm----30yr is$3950
                             Michelle  $1.5mm-20yr is $1220
                                              $2mm---20yr is $1620
                            If paid annual the 1st yr there is
                       a 10% disc ount for 1st yr only.So you
                      could pay annual this year than pay qy or
semi next year.

----- Original Message -----
From: Shapiro, Richard <mailto:Richard.Shapiro@ENRON.com>
To: Jonathan Goldstein <mailto:jonathan@gersten.com> ; rshapiro@enron.com <mailto:rshapiro@enron.com>
Sent: Wednesday, November 07, 2001 4:53 PM
Subject: RE: Life Ins. App

281-955-3600 for their FM 1960 location (brain MRI) and 281-446-2930 for their Humble location(stomach x-rays). All tests were negative, just a hypochondriac.

-----Original Message-----
From: Jonathan Goldstein [<mailto:jonathan@gersten.com>]
Sent: Wednesday, November 07, 2001 3:08 PM
To: rshapiro@enron.com <mailto:rshapiro@enron.com>
Subject: Life Ins. App

Do you know where River Oaks or do you have there ph#?

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


Hello from Texas,

We are trying to set up our meeting date for the 2001 conference and have run
into a snag.  We cannot get our San Antonio hotel on the first weekend in
April (as last year).  However, we can get the hotel and make all our "fun"
arrangements for the second weekend in April.  However, this is Easter
weekend.  The good news is that the room rates are substantially lower
because it's a holiday.  However, we are concerned that holding the meeting
on this particular Friday-Saturday will interfere with family plans such that
some or many of you may not be able to attend.

My related question to you is this:

Does holding the meeting on the second weekend in April (Easter weekend) pose
a problem for you?  Please give us your thoughts ASAP even if you think you
may not be able to attend this year's conference.  We need your opinion to
guide our decision.

Thanks and I hope to see you all again next April (sometime)!

John

p.s.  We are very fortunate to have Enron return as our corporate sponsor
again this year.
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


I was long 4000 X @ 4902, then I switched it from X to F at the same price.
I switched it at 5000, but it puts me into the F at a price basis of 4902.
Sorry for the confusion.

	Enron North America Corp.

	From:  Kevin M Presto                           10/05/2000 10:12 AM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

My book indicates you have 4000F (Jan 01) at $5.00.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000
09:41 AM ---------------------------

	Enron North America Corp.

	From:  Jenny Latham                           10/05/2000 09:23 AM

To: Kevin M Presto/HOU/ECT@ECT
cc:
Subject: Re:

He has 4000F (Jan01) in your book at 5000.

	Enron North America Corp.

	From:  Kevin M Presto                           10/05/2000 08:30 AM

To: Stacey W White/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT
cc:
Subject:

Please confirm Arnold's position by sending me an e-mail.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/05/2000
08:13 AM ---------------------------

John Arnold
10/04/2000 04:01 PM
To: Kevin M Presto/HOU/ECT@ECT
cc:
Subject:

Hey:
I just want to confirm the trades I have in your book.
Trade #1.  I sell 4000 X @ 4652

Trade #2. I buy 4000 X @ 4652
  I sell 4000 X @ 4902

Trade #3 I buy 4000 X @ 5000
  I sell 4000 F @ 5000

Net result: I have 4000 F in your book @ 4902.
Thanks,
John


Nancy, I believe the question was asked by David Beck.  All the best.  Jim

Nancy Brazzil <NBrazzil@mail.law.utexas.edu> on 12/11/2000 10:51:20 AM
To: james.derrick@enron.com
cc:

Subject: question

did you ask me for information on the school's transnational institute?  it
was either you or david beck.  forgive my forgetfulness.


Is this Fri Feb 11 a problem for taking vacation?


We are presently contacting Morgan Stanley Dean Witter to facilitate opening
of an account for EPHXII to trade ADRs.  You will need to provide a
resolution authorizing opening of the account as well as an authorized trader
list and other contacts.  We will provide you with drafts.  I am certain that
the broker will accept fax signatures and then follow up with originals.

For future reference, will this be an isolated instance (i.e., deal specific)
or will these accounts become more routine?  Just wondering if S. Cone has a
formal trading policy or if trading is still deal specific.  SS


Tana,

Could you please supply me with a copy of your current Confidentiality
Agreement?  Since we "copied" your group on the Enron Corp. Guarantee
Agreement, I thought we could do the same with the CA.

Thanks,
Genia


Thanks,  I have received same and preparing a final draft for execution.

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


---------------------- Forwarded by Mary Hain/HOU/ECT on 09/05/2000 09:45
 AM
---------------------------

Mary Hain
09/05/2000 09:33 AM

To:   Paul Kaufman/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, James D
      Steffes/HOU/EES@EES, Richard Sanders, Joe Hartsoe@Enron, Mark E
      Haedicke/HOU/ECT@ECT, carrrn@bracepatt.com
cc:   Richard Shapiro, Susan J Mara/SFO/EES@EES, Lysa Akin/PDX/ECT@ECT
Subject:  Open Immediately - Data Request for Bulk Power Investigation

We need to have a conference call about this ASAP.  These are due Friday!
---------------------- Forwarded by Mary Hain/HOU/ECT on 09/05/2000 09:35
 AM
---------------------------

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Michelle Veloso"
 pic14271.pcx) <michelle.veloso@ferc.fed.us>
               09/05/2000 08:57 AM

To:   <mary.hain@enron.com>, <mhain@enron.com>
cc:
Subject:  Data Request for Bulk Power Investigation

Mary:

Attached is a copy of the data request for FERC's Bulk Power  Investigation.
Please consider this e-mail as our official data  request.

As far as the deadline, we'd like to have the information as soon as  possible
but we realize that doesn't give you much time.; As I mentioned,  some of the
information probably won't require much effort, but we are asking
for;specifics
on generators which may take longer.; Just do the best  you can.; Also, if you
find that you have the information in a different  format from the way we've
requested it, that will probably be fine for our  purposes.

Please feel free to call if you have any  questions.

Thanks.

Michelle Veloso
202/208-2008
(See attached file: generators&marketers.wpd)

 - pic14271.pcx
 - generators&marketers.wpd


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/26/2001 09:28
AM ---------------------------

"JOHN G KLAUBERG" <JKLAUBER@LLGM.COM> on 03/26/2001 09:21:44 AM
To: jader@enron.com, Kay.Mann@enron.com
cc:

Subject: FuelCell

Kay & Jeff:  I assume that you saw this, but just in case you did not.

News that a Connecticut agency plans to install twelve fuel
cell units around the state sent the stock of FuelCell Energy up
nearly 20 percent Friday, reports Reuters. Lehman analysts
described it as the "largest fuel cell commercialization effort
anywhere in the U.S. to date" (Reuters, Mar. 23).

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com


Kay-

Go ahead and issue the breakout contract as is for the LM6000's at Austin.  I
will give you some wording for a change order to increase the number of TD of
I hours and days of per diem.  The way the contract is written, it will save
us money to issue a change order as opposed to changing the base number of
hours in the contract.

Sections 2.0 and 8.0 of Exhibit H-1 states that over time hours within the
original 240 hour total are deduducted at time and a half.  Total TD of I
hours worked in excess of the 240 hour total are only marked up by 22%.
(Straight time = $135/hr, overtime = $165/hr)

I will give you some wording as soon as I get an estimate from the field on
how many days of per diem will be used.

Thanks,
Eric Booth


I asked my asst to set up a meeting w/ you( it has been set up for the 22nd).
I am trying to get a better handle on the Neg CTC's--how they are
earned/accrue. She should have set it up for your office. I will come to you.


Hi Vince,

HR is working on a mid-year salary review for London people that have a
noticeable gap between their compensation at Enron and what we would have to
pay in the market for a replacement.  They highlighted Steve as someone with
a potential gap - particularly in light of what we're seeing in our quant
recruiting effort for credit trading and research.

I'd like your opinion on the best way to make sure we keep Steve happy and
keep him at Enron.  There are several things I see we can do:

1)  Give him a mid-year pay increase to move him closer to market.  I'm not
sure this is the best way to go, especially if we only offer him a token
salary increase.

2)  Offer him more responsibility:  What are your thoughts on timing for
making Steve the official head of the London research team?  With my move to
EBS, should we accelerate this?  I think this is good way to keep him happy
and motivated, and then follow up with a more meaningful salary review at
year-end (as part of the regular process) that takes into account his greater
responsibility.

3)  We have some people that we're trying to get under long-term (3-yr)
contract with a 12-month notice clause.  Obviously anyone signing one of
these will want significant up-front compensation for being handcuffed.
We've not had a lot of success with these here in London, and I would prefer
to keep Steve happy so he wants to stay with Enron rather than contractually
binding him to the job.

I'd value your thoughts on this.

Thanks,

Dale


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/10/2000 03:45 PM
---------------------------

Christa Winfrey
01/10/2000 03:41 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Saturday night follow up

thanks!  if tim is going to be there, i'll try to go tonight!


At the request of Bob Shults, I am enclosing our proposed form of Broker
Electronic Transaction Agreement and Fee Agreement.  Please call Mark
Greenberg, Senior Counsel, at (713) 345-8897 or Bob at (713) 853-0397 if you
have any questions or comments.


Shawn,

Sorry again. Breakfast on Friday would work.
What about Hyatt Regency, 7:00 or 7:30?

Vince

 -----Original Message-----
From: 	"Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
Sent:	Wednesday, December 05, 2001 11:30 AM
To:	Kaminski, Vince J
Subject:	RE: lunch

I've got a conflict on Friday. How about Tuesday or maybe breakfast during
the weekend?

Shawn
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>
To: Cumberland, Shawn <Shawn.Cumberland@ElPaso.com>
Sent: Wed Dec 05 10:35:20 2001
Subject: RE: lunch

Shawn,

I was about to call you. I have an emergency here.
Can we push the lunch to Friday?

Vince

    -----Original Message-----
   From:   "Cumberland, Shawn" <Shawn.Cumberland@ElPaso.com>@ENRON
   Sent:   Wednesday, December 05, 2001 10:33 AM
   To:     Kaminski, Vince J
   Cc:     Hatten, Shelia
   Subject:  lunch

   Vince:

   Would it be trouble if we started lunch at 12:30?

   If it is, I'll still pick you up at noon.

   Thanks.  Shawn

   ******************************************************************
   This email and any files transmitted with it from the ElPaso
   Corporation are confidential and intended solely for the
   use of the individual or entity to whom they are addressed.
   If you have received this email in error please notify the
   sender.
   ******************************************************************

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

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


Daily Blessing

http://www.daily-blessings.com/bless136.htm

The Preacher and the mower

http://www.daily-blessings.com/humor49.htm

don't forget our veteran's...
http://www.debsfunpages.com/vet3.htm

how about your $10,000 no-cost-to you insurance?  can't beat it!!
http://www.daily-blessings.com/insurance.htm

who's calling while you're online?  free download
http://www.daily-blessings.com/callwave.htm

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http://www.daily-blessings.com/reminder.htm

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I have determined we do not currently have an agreement in place for long
term transactions and have requested credit sheets for same.

Devon Petroleum Corp.  Vol. is 1 MMbtu @  day 5/00 through 6/01, delivery
TransWestern Pipeline.

	Corey Hobbs@ENRON
	05/09/2000 08:44 AM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc: Debra Perlingiere/HOU/ECT@ECT
		 Subject: GTC Contract Set-ups

Jeff,

Here is my list of Contracts > 6 months in length for your review for the
week of 5/1 - 5/5:

GLOBAL # SITARA # COUNTERPARTY   CONTRACT TYPE TERM

96038629 170187  Enron Compression Services Co. GTC Purchase Firm 05/05/00 -
07/31/10

96038807 260994  Devon Petroleum Corporation  GTC Purchase Firm 05/01/00 -
06/30/01

If you have any questions, please contact me at 3-9405.

Thanks,
Corey


Vince, FYI on Nebraska , this note I recently sent to Maureen.
---------------------- Forwarded by Rob Wilson/ET&S/Enron on 03/16/2000 02:31
PM ---------------------------

	From:  Rob Wilson                           03/07/2000 03:19 PM

To: Maureen Raymond/HOU/ECT@ECT
cc: Beth Jensen/NPNG/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Dee
Svatos/NPNG/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, Virginia
O'Neill/ET&S/Enron@Enron

Subject: NE Gov. Johanns mtg

Maureen,
The  Energy CEO Roundtable hosted by Gov. Johanns has been scheduled for
April 20th 10a.m. -2 p. m. Does this date work for you?  As we have
discussed, your presentation would provide the Governor and his guests with a
national/ global perspective on pricing trends for natural gas , electricity
and oil and their impact on agricultural production costs. We may also
include a hedging presentation, but have not committed to do so yet.
 Your presentation would be scheduled at the start of the meeting, w/ an
anticipated length of twenty minutes.  A University of NE  ag economist will
provide a state perspective for the group. Following the conclusion of both
presentations time would be allotted for questions. We expect approximately
20 people to attend the roundtable.


Sure, why don't you send them over to me (snail mail is fine)?  That would be great. Although not a bunch of weekend work, this week has more than made up for it!  Thanks. Michelle
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/22/2001
07:45 AM ---------------------------

	Enron North America Corp.

	From:  Ken Lay and Jeff Skilling @ ENRON                           03/13/2001
04:17 PM

Sent by: Ken Lay and Jeff Skilling@ENRON
To: All Enron Worldwide
cc:
Subject: California Energy Crisis

California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


Tana:

ANP Marketing Company is NOT authorized to trade US power -- not a current
CP/not FERC approved

*****************************************
Sithe Power Marketing, L.P. - no change to profile -- authorized to trade US
power.  Rhonda, please confirm that the contract has not changed since we set
them up.

Leslie


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketing Working Group Chair
            Julie Simon, Vice President of Policy

DATE: March 19, 2001

RE: EPSA Draft Comments on Staff's Proposed Market
      Monitoring and Mitigation Report
      ? Filing Due March 22nd
      ? Conference Call on Wednesday, March 21st, 2:00 p.m.
        (EST)

Attached are draft EPSA comments in response to the Commission Staff's
recommendations on market monitoring and mitigation in California.  As
explained in an earlier memo, these proposals are designed to replace to $150
price break set out in the Commission's December 15th order, which is
scheduled to run only until April 30th.  While supporting certain aspects of
the Staff's recommendations, including the extremely limited application and
the use of a single price auction, EPSA's comments focus on the failure of
the Commission's cost-based approach to capture the full costs of capacity,
scarcity, opportunity cost, risk and operating costs and the problem of using
a cost-based approach during periods of scarcity.

Comments for rehearing are due at FERC on Thursday, March 22nd.  We will
discuss this draft on our regular Wednesday afternoon conference call on
March 21st at 2:00 p.m. (EST).  To access the call, dial 1-800-937-6563.  Ask
for the Julie Simon/EPSA Call.  If you have any questions or concerns, or any
comments on the draft, please contact Julie at 202-628-8200 or
jsimon@epsa.org.

Attachment

 - CA Mkt. Monitoring Recommendation Filing.doc


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 07/26/99 08:38 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  DJIRequests @ ENRON                           07/13/99 09:56 PM

To: Dow Jones Interactive - North America Enron
cc:
Subject: Announcing - Dow Jones Interactive

We are pleased to announce corporate-wide availability of Dow Jones
Interactive (DJI)--the world's most comprehensive business intelligence
service--directly to employees' desktops.  The top quality business
information Dow Jones provides gives Enron a competitive edge with superior
insights from top business publications such as The Wall Street Journal.  You
now have instant access to high quality, current business news and analysis
in addition to archival searching for more informed decision-making.

Scan the latest news on the energy industry, search over 6,000 publications,
set up alerts to competitor activity from around the world and analyze a
potential merger with a full review of a company's performance.  You can even
set up your own custom news folders to receive regularly updated articles on
companies, markets--whatever you select!

GETTING STARTED - REQUEST DJI FOR YOUR DESKTOP

Submit your request for DJI through the Enron Lotus Notes SRRS process and
choose the application "DJI".  Should you need assistance with your SRRS
request, please contact ECT Security/Information Risk Management at
713-853-5536.

If you do not have access to SRRS, submit your DJI request to the email
address:  djirequests@enron.com, and provide the following information:

First Name
Last Name
Email Address
Company Name
City
State
Zip Code
(Country if outside the US, Province if Canada)

OPEN HOUSE JULY 27

You're cordially invited to an open house on TUESDAY, JULY 27 to see Dow
Jones in action.  Dow Jones representatives will be on hand to demonstrate
the power of this service at EB560.  Come any time between the hours of 8:30
a.m. ) 4:30 p.m. (every half-hour on the half-hour).  There will be free
gifts from Dow Jones and refreshments will be provided.

For other valuable tips and information or a brief tour, visit the DJI
information site at: http://ask.djinteractive.com/enron/

TRAINING

We will also offer special classes beginning the week of July 12th for
hands-on training so you can learn how easy it is to access the information
you need.  Please contact LeRea Pharr in the Training Department (x3-1816) to
schedule your training.

IF YOU NEED HELP, CONTACT:

? Your Enron Help Desk
? Dow Jones Customer Service, 8:00 a.m. to 11:00 p.m. EST at 800-369-7466
? Lynn Yost, Account Development Executive, 713-840-1432,
lynn.yost@dowjones.com
? Idella Attuquayefio, Sales Associate, 713-626-1592,
idella.attuquayefio@dowjones.com
? Tina Byrne, Enterprise Consultant, 713-626-8833, tina.byrne@dowjones.com
? Lisa Lees, Enron Market Intelligence, 713-853-6322, mktintell@ect.enron.com


Martin:  I wasn't certain if I sent you an email earlier today, but I am in
need of current information regarding Swedish law, in connection with an ENA
swap with a Swedish corporate.  I faxed our counsel (from the 1996
derivatives survey) Advokatfirman Vinge KB to inquire about the
enforceability of arbitration in ISDA agreements between US and Swedish
parties.  Do you know the answer?  Or do you have any other suggestions?  We
did a trade yesterday and I'm trying to document using a deemed ISDA.  I
appreciate any help.  Regards.  Sara


You got it.

From: Jeff Dasovich on 05/15/2001 05:24 PM CDT
Sent by: Jeff Dasovich
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Plan B

----- Forwarded by Jeff Dasovich/NA/Enron on 05/15/2001 05:23 PM -----

	Kelli Clifton <kelli@ppallc.com>
	05/15/2001 03:01 PM

		 To: "'jeff.dasovich@enron.com'" <jeff.dasovich@enron.com>
		 cc:
		 Subject: Plan B

Per a request from Theo Pahos (on behalf of Mirant), can you please fax
him a copy of Plan B at (916) 441-3549.

Kelli Clifton
Public Policy Advocates
(916) 441-0702


-----Original Message-----
From: Dorothy Rothrock [mailto:drothrock@cmta.net]
Sent: Monday, October 29, 2001 2:13 PM
To: Dasovich, Jeff
Subject: [Fwd: Final letter to Loretta Lynch]

took awhile.....

-------- Original Message --------
Subject: Final letter to Loretta Lynch
Date: Mon, 29 Oct 2001 11:45:32 -0800
From: lkaye@ka-pow.com
To:
Dorothy_Rothrock@ka-pow.com,Bill_Booth@ka-pow.com,cra@calretailers.com,ek@a-klaw.com,mikahl@ka-pow.com,djsmith@s-k-w.com,dhunter@s-k-w.com,Derek
Naten <DEREK.NATEN@ROCHE.COM>,'Dominic DiMare'
<dominic.DiMare@calchamber.com>,"Barbara R. Barkovich (E-mail)"
<brbarkovich@earthlink.net>,"Keith McCrea (E-mail)"
<kmccrea@sablaw.com>,"Dan L Carroll (E-mail)"
<dcarroll@dbsr.com>,bhauck@cbrt.org,kclark@cbrt.org
CC: David_Fogarty@ka-pow.com,thull@ka-pow.com,egarcia@ka-pow.com

Attached is a final version of the letter faxed today to Loretta Lynch.
Please call or write if you'd like a faxed copy with the signatures.
(And
lemme know your fax number.)  If this letter needs to be distributed to
some service list, I will assume an attorney-at-law will perform that
duty.

(See attached file: Response to Angelides, 10.24.01,LK rev 2.doc)


When do you think you could reply by, so I can get Sheri an ETA?

	Shari Stack
	02/07/2001 02:29 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: TradeSpark, L.P. Website

I will try - but cannot promise. I have some very urgent things on my plate
right now.

	Tana Jones
	02/07/2001 02:07 PM

		 To: Mark Taylor/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Stacy E
Dickson/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Wayne Gresham/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, John
Viverito/Corp/Enron@Enron
		 cc:
		 Subject: TradeSpark, L.P. Website

I just got a call from Sheri Thomas with EnronOnline checking on the status
of your reviews.  When each of you has completed the review of your products
can you let me know, so we can sign off on that product.  Sheri is being
pressured by our traders to get this up and is also getting daily calls from
the President of Tradespark.  She would like to have everyone's sign off by
Friday if possible.  Can you let me know whether this will present any
problem.

Thanks!


Communicating Across Differences - October 10, 2001
DoubleTree Hotel - DeZavala
8:00 am - 12:00 pm          Cost:  $350

This course focuses on using the world's most powerful personality profile, the Myers-Briggs Type Indicator (MBTI) to learn to communicate and work with people whose personalities and communication styles are different from your own.  It begins from the foundation of understanding your own personality and communication approach, then moves to applying that knowledge to improve communication with others.  One of the additional tools used in this course is the "MBTI Work Styles"-which explores in detail how personality differences affect people's approach to work and communication.

The program is highly interactive, with exercises and activities that enable participants to truly experience how human personality impacts people's communication, priorities, decision-making, and work style.  It is also highly practical, focusing on maximizing successful business outcomes through effective communication.

Achieving Results Through Coaching - October 10, 2001
DoubleTree Hotel - DeZavala
1:00 pm - 5:00 pm          Cost:  $350

This course uses a classic competency model, as well as a powerful assessment of interpersonal communication style, called the FIRO-B, as a foundation for coaching.  It teaches the coach to think himself or herself back through their own learning stages in order to coach others effectively.  It also teaches participants to recognize the different stages where the various people they coach might be and adapt their coaching style as employees move from stage to stage.  It also helps participants understand their own interpersonal communication style, through the FIRO-B, and learn to leverage it for greatest effectiveness as a coach.

Participants will create coaching action plans for use with employees.

For registration, please login to our website http://elm.enron.com "Management/Leadership"    If you have problems registering or have any questions, please call 713-853-0357.


Below is a summary of the discussions last week regarding the complaint
against El Paso for oversubscribing the Socal Topock Point.

The meeting started out by summarizing the dollar impact of the Border cuts
to Amoco and Burlington of $3 million dollars and the additional fuel costs
of $15 million that they have incurred when the mainline fuel was reduced and
the gathering fuel was increased.  Accordingly, producers are seeking a
minimum of $17  million in compensation in some form or  another.

The biggest concern is that a total of 1.2 bcf/day is being nominated at the
Socal Topock which can only deliver 540000 mmbtu/day.   Socal Gas stated that
this problem should go away when there system becomes unbundled (referred to
as Gatekeeper)..  The proceeding is currently pending CPUC approval and could
be implemented as early as October 1, 2001.  When the Gatekeeper is
implemented  , only 540000 mmbtu/day will be accepted at the Socal Topock
border and must match up with the intra-state transport.

SoCal Gas suggested taking the 1.2 bcf/day of nominations at the Topock
delivery point and divide it up based on the original intent of the
capapcity-  400 to Mohave; 540 to Socal Topock;  and 180 to PGE Topock.  They
also stated they would accept less than 540 at Topock but  needed a minimum
of 300 to meet core needs.  However, they wanted some type of compensation if
their volume was reduced.   They also agreed to live with the status quo
until the Gatekeeper was implemented.  This would result in firm rights being
established at Socal Topock based on downstream rights.

Williams owns Block 3 capacity and is willing to look at a CD reduction or a
reduced take requirement or use of alternate points with a rate adjustment.

After much discussion,  El Paso came back with the following counter proposal:

Recommended interim solution until Socal Gatekeeper implemented.  Does not
relate to receipt point rights.

1)  Block 1 Capacity will always be alternate to Socal Topock (198000);

2)Block II Capacity can not be sold at PGE Topock (614000)

3) Amoco and OneOk each have a contract 45000/d which can go to Topock or
Ehrenberg.  It is recommended that they
 give up their Ehrenberg right and keep Topock right and Socal will give up
like amount at Topock as well as shift an additional  70000 mmbtu/day from
Topock to Ehrenberg resulting in approx. 115000 being shifted  to Ehrenberg.

4) Rights fro expansion shippers would be carved up as follows:

   Socal Topock   PGE/Mohave Topock
Texaco   40    135
Burlington  26    74
Aero   5    15
Borax   7    12
LADWP  0    36
SWGas   0    20

5) Socal Topock would now be divided as follows:

Expansion Shippers  78000
Socal Gas           425000
BLK 3                               348000 (25-Amoco;20-Oneok;99-Williams;189
El Paso Merchant;15-Wlliams)
Total 851000
540 divided by 841 would result in 37 percent cuts or 63 percent thruput.

The producers were not happy with having to live with 37 percent cuts and
felt that any transport sold after their Sept 28 complaint should be cut off
the top which would be El Paso merchant services Blk 3.

Separate meetings were then held amongst the Topock shippers to duscuss El
Paso's counter -proposal.

Producer group came back and told El Paso that they want the 63 percent
thruput increased.  Will accept CD reduction, rate design change or other
forms of compensation.   For  the recommended volumes moved to Mohave/Pge
Topock, they would consider a 30 percent reduction in CD demand as well as
converting that path to a 100 volumetric rate.  In other words, if the
producers used the delivery point, they would pay max rate.  If they did not,
they would not pay anything.

Block 3 shippers would agree to reduce deliveries to Socal Topock if their
deals were converted to an agreed upon load factor-maybe 70 percent.  For
volumes shifted to non-Socal Points , they also want a 100 percent volumetric
rate.

Bottom-line is  how much dollars is El Paso willing to pay to resolve this
case.  Each party is requested to submit a proposal to El Paso and they will
study  its entirety.  No follow-up meeting was scheduled.

Another topic that was also being discussed at the meeting was the perceived
gaming on the system by the full-requirements customers-ie nominating more
gas than they need in anticipation of cuts.  It is thought that if this could
be controlled there may be more certainty in the san juan regarding flows.
El Paso recommended the following :  Limit noms on Cycle 1 from San Juan
based on previous day's  total nom from all basins.   No limits on Cycle
2-4.  This caused some concerns because of week-end load swings
andfluctuatingpower-plant loads.  However, eoc's were willing to establish a
technical committee to work on a formula if theSocal Topock point gets
resolved.

Regarding pooling, El Paso is proposing to add 8 additional pools in the
keystone and 3 additonal pools in the san juan and 1 additional pool in the
bondad.  This process is in its early stages of conflict.  Most people (Duke,
Southern, Williams, Coral)  are not on board with this.  I will keep you
advised of development.  Please advise if you have any questions.


Molly,

I would like to invite this student for an interview,
sometimes in late December when things slow down.

Interviews with all my direct reports and George Hopley.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/30/2000
09:59 AM ---------------------------

Vince J Kaminski
10/24/2000 04:07 PM
To: Rajnish Kamat <kamat@ieor.berkeley.edu> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: UC-Berkeley Graduate Student

Rajnish,

We shall invite you for  an interview in Houston.

Vince

Rajnish Kamat <kamat@ieor.berkeley.edu> on 10/23/2000 07:55:31 PM
To: vkamins@enron.com
cc:
Subject: UC-Berkeley Graduate Student

Dr. Vincent Kaminski
Managing Director and Head of Research
Enron Corp.

Dear Dr. Kaminski,
It was a pleasure talking with you and attending your talk today.
I am a graduate student in Industrial Engg. and Operations
Research working with Prof. Shmuel Oren
on topics in financial instrument pricing and design of
contracts in deregulated electricity markets. I am also
doing research in auction models and computable equilibrium
models with applications in electricity market design.

I am planning to graduate with a Ph.D. in May 2001 and would
appreciate hearing about any opportunities in your group at Enron.
I am attaching at copy of my resume (file: cvrkamat.doc) for your perusal.

Thanking you,
Sincerely,

Rajnish Kamat
Graduate Student
IEOR, UC-Berkeley

4135, Etcheverry Hall
Dept. of Industrial Engineering and Operations Research
University of California at Berkeley
Berkeley, CA, 94710

 - CVRKAMAT.DOC


Dear Haas Community,

The 2001 UC-Berkeley Business Plan Competition Organizing Committee wants to
share a little joy with everyone at Haas:

Last night's Final Event completed this year's Competition with RAPT
Technologies walking away with both the $50,000 first prize and the $5,000
People's Choice Award (as voted on by the audience). RAPT has developed a
dramatically faster and more cost-effective technology for etching and
polishing optical and semiconductor materials.

Aprotea Biochips earned $25,000 for second place. Aprotea developed a
patent-pending biochip for parallel analysis of 100 to 10,000 protein
samples, and is designed to be bio-compatible with virtually all proteins and
capture agent libraries.

TruVideo rounded out the top three with a $10,000 prize. They offer superior
digital image quality over broadband compared to existing technologies. The
company intends to take advantage of the convergence of wireless technology
and the Internet to become the standard video platform for the emerging
web-enabled wireless device market.

We would like to extend our congratulations, once again, to everyone who
participated, especially the hard-working entrepreneurs who made this year's
competition such a success. The six teams that made the Finals are listed
below. (Take note First Years: there are a lot of upperclassmen in the list.
We hope to be reading your names listed here next year)

Best regards,

The 2001 Berkeley Business Plan Competition Organizing  Committee

2001 Berkeley Business Plan Contest Winners and Finalists

First Place ($50,000): RAPT Technologies
Peter Fiske MBA 2002
Jeff Carr Lawrence Livermore Laboratory
Mona Alves Founder, President and CEO, CHAT Communication Services

Second Place ($25,000): Aprotea
Robert Otillar PhD Candidate, UCSF
Thomas McVey - EMBA
Kent Duncan PhD candidate, UCSF
Eva Raschke Scientist, Sangamo BioSciences, Inc.
Daniel Ratner PhD candidate, UC Berkeley, Materials Science and Engineering
Antonia Sequeira J.D. candidate, Boalt School of Law

Third Place ($10,000): TruVideo
Joseph DelCallar MBA 2001
Avideh Zakhor Professor of Electrical Engineering, EECS
Greg Chew BS EECS UC Berkeley.
Steven Stokols MBA 2002
Raj Manghani MBA 2001

People,s Choice Award ($5,000) RAPT Technologies

iMeda Solutions
Keith Wilcox MBA 2001
Heather Anderson MBA 2001

Solocom
Darin Boyd MBA 2001
Christine Mar MBA 2001
Joe Alioto MBA 2001
Jay Badenhope MBA 2002

Windoscope
Steve Schultz MBA 2001
Greg Simon Senior Staff Engineer, Motorola
Manu Chatterjee Senior Staff Software Engineer, Motorola
Gavin Bourne Business Development, Palm,


Please mark your calendars.    The Thursday HPL Planning Meeting scheduled
for 3:00 PM has been moved to 1:00 PM on Thursday.  Same location EB35c1.
Thanks.


John,
David's feedback regarding looking at option book...

Frank

PS. The free lunch for me ends Monday, care to intercede with Ina, she's tough?

-----Original Message-----
From: Port, David
Sent: Thursday, November 15, 2001 8:38 AM
To: Hayden, Frank
Subject: RE: Slide reports

we just need to understand the option position - its not for external consumption - just our own
in particular the funding implications of close to expiry options etc.
-----Original Message-----
From: Hayden, Frank
Sent: Thursday, November 15, 2001 7:46 AM
To: Port, David
Subject: FW: Slide reports

-----Original Message-----
From: Arnold, John
Sent: Wednesday, November 14, 2001 8:54 PM
To: Hayden, Frank
Subject: FW: Slide reports

Frank:
Can you explain in detail the reasons you need this info.  Not that I don't trust you, but I won't release this data to anybody unless I know the rationale.
John
-----Original Message-----
From: Griffith, John
Sent: Tue 11/13/2001 9:04 AM
To: Maggi, Mike; Arnold, John
Cc:
Subject: FW: Slide reports
FYI
 -----Original Message-----
From:   Hayden, Frank
Sent:   Tuesday, November 13, 2001 9:02 AM
To:     Griffith, John
Subject:        RE: Slide reports
Thanks.
Currently it is for my own purpose.  Lavo wants heads up on everything before it goes external
Frank
 -----Original Message-----
From:   Griffith, John
Sent:   Tuesday, November 13, 2001 8:55 AM
To:     Hayden, Frank
Subject:        RE: Slide reports
The problem probably relates to the Exotica add-in.  Do you have that add-in?
Also, are you looking at the position for your own purposes or is someone asking about them?
Thanks.
John
 -----Original Message-----
From:   Hayden, Frank
Sent:   Monday, November 12, 2001 5:49 PM
To:     Griffith, John
Subject:        Slide reports
John,
I'm going into Financial trading/position directory and when I open file the macro's crash.  Am I in the right file/directory?
Thanks
Frank


Peter, Eric.... I talked to Bradford this a.m. regarding another matter and managed to discuss with him general credit terms for PG&E. He said he would review Post Petition credit status and also needs to discuss these credit lines as potentially part of our ongoing issues related to PG&E. He was going to discuss internally and advise.

I am not sure he will have any comments back by this weds, so this may conflict with the timelines Eric and I discussed this a.m.

BT

 -----Original Message-----
From: 	Keohane, Peter
Sent:	Monday, September 24, 2001 11:13 AM
To:	Hodge, Jeffrey T.
Cc:	Powell, Mark; Tycholiz, Barry; Le Dain, Eric
Subject:	PG&E Master

Jeff, did Mark H. sign off on us removing triangular set-off between affiliated entities.  We have removed the concept as instructed by Barry, but do not want to send to PG&E unless we have Mark's OK.

Also, Eric/Barry you were going to canvass Bill in terms of what he would require for Credit.

Peter.

____________________________________
Peter C.M. Keohane
Vice President, Assistant General Counsel
and Secretary
Enron Canada Corp.
Phone:	(403) 974-6923
Fax:	(403) 974-6707
E-mail:	peter.keohane@enron.com


Electricity Deregulation is coming to Texas!
What a great way to start off the New Year ) to be able to choose your
electricity provider, which could mean potential savings for you and your
family on your electric bill.  As you know, Enron has been a leader in
lobbying for deregulation and a consumer,s right to choose energy providers.

For the first time in our state,s history, 5 percent of Texas households will
have this golden opportunity.  The NewPower Company (NewPower), which is
approximately 45 percent owned by Enron, was recently formed to provide
energy and energy-related services to residential customers in deregulating
energy markets across America, including Texas.  For a limited time,
Houston-based employees will be eligible to participate in NewPower,s pilot
program offering their deregulated electric service.

Be Among the First to Participate:
Enrollment with NewPower begins March 12.  Also, watch for a special Enron
Employees Exclusive offer on your desk March 12.  If you would like more
information about NewPower, visit the company's web site at www.newpower.com

Disclaimers:
Any contract for goods or services that is entered into by an Enron employee
with respect to the NewPower program shall be solely between NewPower and
such employee.  Enron assumes no obligation on behalf of NewPower and makes
no representations, warranties, or guaranties with respect to NewPower, or
any goods or services offered or provided by NewPower.


Thanks Tana.

From: Tana Jones@ECT on 11/28/2000 09:46 AM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Re: Financial Trading Database Link

This link should be ok.

	Bridgette Anderson@ENRON
	11/28/2000 09:38 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Georgi Landau/NA/Enron@ENRON, Anthony Campos/HOU/ECT@ECT
		 Subject: Re: Financial Trading Database Link

Tana,

As you may already be aware, Georgi Landau has joined our group as the new
backup for Financial.  As I am transitioning from this responsiblility, I am
assisting Anthony with getting her the appropriate tools needed to complete
her new responsibilities.

One of the tools that she will be needing is the Financial Trading Database.
Before I forward this email to Georgi so that she can access the Financial
Trading Database, I wanted to make sure that this link is the most current
one and that is was ok to do so.   Please let me know if it is the correct
link and if it ok to forward to Georgi.

Regards,
Bridgette

From: Tana Jones@ECT on 06/02/2000 09:23 AM
To: Anthony Campos/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Connie
Sutton/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT,
Stacey Richardson/HOU/ECT@ECT, Cyndie Balfour-Flanagan/Corp/Enron@ENRON,
Marlene Hilliard/HOU/ECT@ect, Faye Ellis/HOU/ECT@ECT, Bridgette
Anderson/Corp/Enron@ENRON, Chris Mendoza/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT
cc:

Subject: Financial Trading Database Link

Attached is the link that will allow you access to referenced database.
Please note, that we have just upgraded the database to add the ISDA
definitions, branch offices approved for trading, and market disruption
provisions.  This information should be inputted for the new master swap
agreements on a going forward basis, but we still need to go back and
repopulate the data for the existing master swap agreements.

Also, FYI, the "See" drop down is our nickname for the name changes and
mergers reference.  If an item is filled in for that entity it should show
you any prior or new names for the counterparty.

If there is anyone else who would like the link, please let me know and I
will forward it to them.

We hope you find the information provided in this database helpful.

Link -->


<<Gas Transaction Agr. Execution (4-23-01).doc>>

Here is the "final" final version of the final, execution Support Agreement
(!).  It reflects Gerald's comment to eliminate the "(a)' at the front of
both of Section 3 and Section 7 and to fix the refernece to Discount Rate in
Exhibit 2.  Please fax signature pages ASAP to me at 301-280-6913 and call
to let me know it is coming.  Peter

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

 - Gas Transaction Agr. Execution (4-23-01).doc


----- Forwarded by Sharonda Stephens/Corp/Enron on 12/13/2000 01:03 PM -----

	"ANN SCHMIDT, ENRON CORP." <ENRONPR@bloomberg.net>
	12/13/2000 01:00 PM

		 To: sharonda.stephens@enron.com
		 cc:
		 Subject: (DJN ) WSJ.COM WRAP: Skilling To Become Enron's Next CEO >EN

        HELLO

WSJ.COM WRAP: Skilling To Become Enron's Next CEO >ENE
12/13/0 13:18 (New York)

   A WSJ.com News Roundup

  HOUSTON (Dow Jones)--Enron Corp. (ENE) on Wednesday named  Jeffrey K.
Skilling chief executive to replace Kenneth L. Lay, who said he will step down
but continue to serve as chairman of the utility and telecommunications
company.
  Skilling, 47 years old, will take on the new role on Feb.  12, the company's
next scheduled board meeting, while remaining president and chief operating
officer.
  "Jeff is a big part of Enron's success and is clearly ready to lead the
company," Lay, 58, said in a written statement. Lay became chairman and chief
executive in 1986.
  Lay also denied rumors that he was interested in becoming  U.S. secretary of
energy or Treasury secretary in George W. Bush's administration, should the
Texas governor become the next president. Enron and Lay were big contributors
to the Bush campaign.
  "I have no plans to go to Washington and no plans to leave Houston or
Enron,"
he said. "I can say categorically that I won't be taking a job in a Bush
cabinet."
  "I am particularly happy that Ken and I will continue running the company
together and that he has put the rumors of his possible departure to
Washington, D.C., to rest," Skilling said. "Ken and I have worked together
since 1990, and we don't want to break up a team that has delivered superior
returns to Enron's shareholders."
  Skilling is credited as generating substantial profits for Enron and being
the brains behind the company's burgeoning commodities-trading business. That
business was seeking to place the company at the top of markets ranging from
electricity to wood pulp to natural gas.
  Enron, which began as a traditional gas-pipeline company 15 years ago, has
transformed itself into the largest trader of gas and electricity in North
America.
  Skilling joined Enron in 1990 after leading McKinsey & Co.'s energy and
chemical consulting operations. He became Enron's president and operating
chief
in December 1996. He emerged as the heir apparent to Lay after Rebecca Mark
resigned in August as chief executive of Azurix Corp. (AZX), Enron's troubled
global water company. Deregulation of the water business and government
privatizations of water systems, on which Azurix was counting, were slow to
come, crimping growth opportunities and profit.
  -Wall Street Journal staff reporter Rebecca Smith contributed to this
article.
  -For continuously updated news from The Wall Street Journal, see WSJ.com at
http://wsj.com.

  (END) DOW JONES NEWS  12-13-00
  01:18 PM- - 01 18 PM EST 12-13-00


the thing that i will also tell you is that both flight options and travelair
will allow you to arrange a demo flight and will only charge you the hourly
rate as if you were an owner.  since you are not paying monthly fees or
capital, this is a really good deal.  i would suggest doing this with both of
them before you decide to buy anything  --  ideally on a long flight with a
big plane.


On December 21, 2000,  I reported a weighted average price of $16.00 for gas
flow on  December 22-26, 2000.

The weighted average trade price via Enron Online will reflect a price of
$15.76.   This price was increased to $16.00 to encompass trades transacted
via the telephone.

The reason for the interest in this time period is as follows:

Nicor Gas Company was closed for  their company holiday on Friday, December
22nd.  As a result, volumes delivered at Nicor were traded for  the December
22-26 time period.  Gas Daily published a price of $15.70 for the December
22-26 time period.  Nicor Gas Company made a decision to buy gas on December
22nd (even though they were closed)  for the December 23-26 time period,
which resulted in a $13.88 posting for the December 23-26th period.  I
received several phone calls from various marketing companies expressing
concern that Gas Daily was going to revise the posting, based on the minimal
activity that transacted on December 22nd.

While, my practice is to simply take the price as reported on Enron Online,
from time-to-time, there will be significant volumes transacted over the
telephone that will impact the Enron Online price.  My volume  is a little
over-stated, but simply  from a cursory glance standpoint, as opposed to
intentionally reporting erroneous information.


See Below:
---------------------- Forwarded by Eric Bass/HOU/ECT on 09/21/2000 04:05 PM
---------------------------

Robert B Cass
09/21/2000 03:14 PM
To: Eric Bass/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
Subject: Re: Agua Dulce and Thompsonville Products

Eric - Per your request, I have revised the following product descriptions to
distinguish between Receipt Points and Delivery Points.  Please advise
accordingly:

HPL/Thompsonville:

The Transaction is for delivery of pool gas via the Houston Pipe Line
Company, as scheduled by the Counterparty, at a Receipt Point or a Delivery
Point shown below.  The applicable Receipt Points are:  Lobo Thompsonville
(Meter #9648); Tejas Thompsonville (Meter #6351); or PG&E Thompsonville
(Meter #6296).  The applicable Delivery Point is:  NGPL Thompsonville (Meter
#1342).

HPL/Agua Dulce:

The Transaction is for delivery of pool gas via the Houston Pipe Line
Company, as scheduled by the Counterparty, at a Receipt Point or a Delivery
Point shown below.  The applicable Receipt Points are:  PG&E Riverside (Meter
#6040); PG&E Agua Dulce (Meter #584); Tennessee Agua Dulce (Meter #574); Lobo
Agua Dulce (Meter #7038); Tejas Gregory (Meter #3358); Channel Agua Dulce
(Meter #3500); MOPS/NNG Tivoli (Meter #5674); or Tomcat (Meter #553).  The
applicable Delivery Points are: Tejas Riverside (Meter #3543); NGPL Riverside
(Meter #3545); Channel Agua Dulce (Meter #3500); Tennessee Agua Dulce (Meter
#694); or Koch Bayside (Meter #3537).

Thanks - Rob Cass x 35491

	Enron North America Corp.

	From:  Eric Bass                           09/21/2000 02:14 PM

To: Robert B Cass/HOU/ECT@ECT
cc:
Subject: Agua Dulce and Thompsonville Products

---------------------- Forwarded by Eric Bass/HOU/ECT on 09/21/2000 02:12 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           09/18/2000 04:22 PM

To: Dale Neuner/HOU/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Lauri A
Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
Subject: Agua Dulce and Thompsonville Products

Here is the detail on the new products:

THOMPSONVILLE
Receipt Pts
Lobo Thompsonville (Meter #9648)
Tejas Thompsonville (Meter #6351)
PG&E Thompsonville (Meter #6296)

Delivery Pt.
NGPL Thomsponville (Meter #1342)

AGUA DULCE
Receipt Pts.
PG&E Riverside (Meter #6040)
PG&E Agua Dulce (Meter #584)
Tennesee Agua Dulce (Meter #574)
Lobo Agua Dulce (Meter #7038)
Tejas Gregory (Meter #3358)
Channel Agua Dulce (Meter #3500)
MOPS/NNG Tivoli (Meter #5674)
Tomcat (Meter #553)

Delivery Pts.
Tejas Riverside (Meter #3543)
NGPL Riverside (Meter #3545)
Channel Agua Dulce (Meter #3500)
Tenessee Agua Dulce (Meter #694)
Koch Bayside (Meter #3537)

We would like to get these products out by bid week if at all possible.

Let me know if you have further questions.

Thanks,

Eric
x3-0977


I'm cool with it.

D

Heather Choate
12/14/2000 08:49 AM
To: Robert Superty/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT,
Kathryn Bussell/HOU/ECT@ECT
cc: Heather Choate/HOU/ECT@ECT
Subject: Christmas Gift for Bob Hall

   Good Morning!

   I was wondering if you all would be interested in going in together to buy
a
   gift for Bob Hall.   I have picked out a little something that I thought
he would
   like for home or office.  Take a look and tell me what you think, asap.

   This is completely optional, I thought it might help some of you (like me)
who
   have no idea what to get him.  If we all went in on it, it would cost us
$17.00 each.

Description below for the  Audiovox Slimline CD Player & Radio

Slimline Radio w/ CD Player - with FREE shipping
Price: $119.00

This complete audio system can sit on a swivel base or be mounted on the wall
as a convenient space saver. The ultra slim design features CD and cassette
players
as well as an AM/FM radio and remote control. 16?"L x 12 7/8"H x 6?"D.


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