Mary,
 Please disregard the attached email that I previously forwarded to you.  I
apologize for sending this to you in error.
----- Forwarded by Dan J Hyvl/HOU/ECT on 02/22/2001 01:49 PM -----

	Dan J Hyvl
	02/22/2001 01:19 PM

		 To: Mary Griffiths/ENRON@enronXgate
		 cc:
		 Subject: PEAK 2001A RFP

Mary,
 I see that Phil Bair from JWorthan has responded to Phil DeMoes concerning
the bond term.  No comments were made concerning the legal opinion for the
legal counsel for the bond provider.  I was going to suggest that the
contract language be modified to provide that the Company had a reasonable
amount of time at the end of the lst 5 yr bond term to provide a substitute
bond for the remaining term and that if the Company was able to get a
replacement bond in place before the expiration of such period, no default
would occur.  Can you tell from the letter that Phil Bair is proposing if
their are any other issues that either ENRON or the Bond Provider would have
concerning the terms of the Bond and the Customer's methods of getting
funding thereunder.

******************************************************************************
******************************************************************************
******************************************************************************
**********************************************

This was forwarded to me by Phil DeMoes.

Dan,

Take a look at this letter prepared by our surety provider on the PEAK
pre-pay.  In particular, note the last paragraph.  I'm concerned on the
unwind if there is a default.   We plan to meet tomorrow with Joe Deffner and
Breese tomorrow morning.  Are you available?
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 02/22/2001
11:29 AM ---------------------------

Phil DeMoes
02/21/2001 01:30 PM
To: Mark Breese/HOU/ECT@ECT
cc:

Subject: PEAK Surety Reference Letter

FYI.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 02/21/2001
01:29 PM ---------------------------

"Phil Bair" <pbair@jwortham.com> on 02/21/2001 01:21:17 PM
To: <phil.demoes@enron.com>
cc: <Joseph.Deffner@enron.com>

Subject: PEAK Surety Reference Letter

Phil-Attached is a first round draft of a reference letter for the PEAK
project.  Please review and let me know what changes are suggested.

I've made calls to several of the major sureties this morning to re-confirm
the availability of long term/non-cancellable bonds.  Five years is the
general ceiling.  We need to be careful  PEAK understands that if the surety
elects not to renew at the end of the first five years, this does not trigger
an automatic demand against the bond.  PEAK should already know the issues
involved from the surety side based on previous negotiations they had with
other energy marketers when this project was negotiated (without success)
last fall.  This is not an Enron issue-it goes to commercial availability.

Call me with your comments.  Thanks.

Philip N. Bair
713-346-1378 (Telephone)
713-520-1260 (Telefax)

 - EnronPeak.doc

******************************************************************************
******************************************************************************
******************************************************************************
**********************************************

This was forwarded to me by Jeff Hodge.

	Jeffrey T Hodge
	02/15/2001 08:47 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Mark Breese/HOU/ECT@ECT
		 Subject: PEAK 2001A RFP

Dan:

Can you handle this for Mark?  I have taken a quick run through and one thing
that I know will cause us problems is the posting of a bond.

Thanks,

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 02/15/2001 08:45 AM -----

	Mark Breese
	02/09/2001 10:54 AM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc:
		 Subject: PEAK 2001A RFP

February 5, 2001

Mr. Phil DeMoes
ENRON

Subject:   The Public Energy Authority of Kentucky
             2001 Long-term Gas Supply Acquisition Proposal

Dear Mr. DeMoes:

The Public Energy Authority of Kentucky ("PEAK") is a non-profit Joint
Action Agency created under the statutes of the Commonwealth of Kentucky to
provide natural gas supply and associated services to municipal gas systems.
PEAK is requesting proposals from natural gas suppliers for the purpose of
meeting its natural gas supply obligation to existing and new Members.
Using the proceeds of its Series 2001 A Taxable Bonds, PEAK will make a
one-time advance payment to the Supplier, for a supply of natural gas for
delivery at Texas Gas Transmission Zone SL and Tennessee Gas Pipeline Zone 1
for specific daily quantities totaling between 34,000 and 53,000 MMBtu over
a ten-year period (approximately 160Bcf).

Please find the attached detailed information regarding the proposed
transaction to assist with your evaluation.  Specifically, the enclosures
include the following:

1. Term Sheet and Request for Proposal
2. Natural Gas Purchase and Sale Agreement ("GPA") between PEAK and the
Supplier
3. Summary of Daily/Monthly Volumes
4. Spreadsheets indicating the Prepay Calculation

PEAK requests a written response via regular mail, courier service or
electronic response by close of business Friday, February 23, 2001.
Responses should be submitted to:

  Public Energy Authority of Kentucky
  Attn: Gerald Ballinger, President and General Manager
  516 Highland Avenue
  P.O. Box 299
  Carrollton, Kentucky 41008
  Phone:  502-732-0991
  Fax: 502-732-8777
  E-mail: ballinger.peak@mindspring.com

If you have any questions regarding this information, please call or e-mail
as noted above.  PEAK greatly appreciates your interest in this Project and
very much looks forward to your response.

Sincerely,

Gerald L. Ballinger
President & General Manager
 <<PEAK2001 1-18 10yr for RFP.xls>>           <<PEAK2000 GPA
10-23-2000.PDF>>        <<PEAK2001 Term Sheet and RFP.doc>>

Judy Radel, Administrative Assistant
Denver Public Finance Department
Banc of America Securities LLC
1-800-861-4506 or (720) 932-1380
(720) 932-1386 (fax)
CO1-001-01-01

 - PEAK2001 1-18 10yr for RFP.xls
 - PEAK2000 GPA 10-23-2000.PDF
 - PEAK2001 Term Sheet and RFP.doc


- 121599.exe


I thrive on pressure.  My birthday is January 11th.  Is that close to her due
date?

Kay

From: Carlos Sole@ENRON_DEVELOPMENT on 11/09/2000 03:25 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Opportunities at ENA

Thanks.  Depending on your success as a headhunter for me, I will propose to
Kendall that if our expectant child is a girl then she should be named
Cynthia or Kay.


Updates
Jennifer Burns - new cell phone number
Kathy McMahon - new executive committee assistant


Start Date: 1/22/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012216.txt


Enron has been increasing security at its facilities around the world.  Some of the changes took effect immediately (e.g. additional security personnel) and some are phasing in.  While not all of the changes will be visible, there are a few that will have an impact on everyday activities.  In all the steps we take and recommendations we make, we will be making our facilities and systems more secure and endeavoring to increase your sense of security, while doing our best to minimize disruption to our day-to-day business.

Primary responsibility for Enron Corp. Security resides in our business controls organization.  You can contact this organization through their website (<http://home.enron.com/security>), by phone (713-345-2804), or by email (CorporateSecurity@enron.com <mailto:CorporateSecurity@enron.com>).  John Brindle, Senior Director, Business Controls, leads this organization.  Please feel free to provide John and his team with your comments and questions, or to report security threats.

We have two areas to update you on:  changes in the access procedures for the Enron Center Campus in Houston and changes to our travel advisory.

Access to the Enron Center

Over the next few days, the following access control procedures will be instituted at the Enron Center (and other facilities where practical):

?	As employees swipe their badges at the card readers to enter the Enron Center, a guard will match the photo on the badge to the bearer.

?	Employees and contractors who forget their badges must present a valid picture ID to obtain access to the Enron Center (U.S. driver's license, U.S. or foreign passport, or some form of U.S. federal, state or local identification).

?	Visitors to the Enron Center must produce a valid photo ID when signing in at the lobby reception desk and must completely fill out the visitor card.  Adult visitors without a valid photo ID (U.S. driver's license, U.S. or foreign passport, or some form of U.S. federal, state or local identification) will not be allowed access to the Enron Center.

?	Visitors to Enron facilities must be escorted by an Enron employee or badged contractor at all times.

?	Visitors to the Enron Center will be met in the lobby by an Enron employee or badged contractor, signed into a visitor's log at the lobby reception area by the employee or badged contractor, and escorted to their appointment.  At the conclusion of the appointment, the visitor will be escorted to the lobby by an employee or badged contractor, the visitor badge collected, and the visitor signed out in the log at the plaza reception area by the escorting employee or badged contractor.

?	Employees are also being asked to participate in the security of their workplace by following these guidelines; report suspicious activity to Security (phone 3-6300), do not open secured doors for individuals unknown to you or hold doors open, allowing "tail gating" by others.

These will be the first in a series of new security procedures to be instituted at Enron.  We ask that all employees be patient during congested times in the lobby.  As we proceed and obtain increased guard personnel and equipment, we expect the inconvenience to decrease.  We hope you understand these measures are being instituted for the security of all our employees.

Travel Advisory Update

With the beginning of retaliatory strikes, we have two important recommendations:

?	While the retaliatory strikes are ongoing, corporate security recommends that travel through or to the Middle East be avoided.  We continue to strongly recommend that all travel during this time to Afghanistan, Yemen, Pakistan, Indonesia, Iran, Iraq, Sudan, Somalia, Tajikistan, Turkmenistan, Georgia, and the Kyrgyz Republic be canceled.  In addition, we recommend that planned travel to Egypt, Israel, Gaza/West Bank, Jordan, Lebanon, Saudi Arabia, Syria, and Algeria be very carefully considered.

?	For non-U.S. citizens traveling in the United States, corporate security recommends that you carry documentation.  There have been several recent reports of non-U.S. citizens who reside in the United States being questioned and asked for documentation when boarding U.S. domestic flights. As a result, we suggest that all non-U.S. citizens who currently reside in the United States - and who do not have Permanent Resident Alien status - carry their passport, Form I-94 and Form I-797 at all times.  We would also suggest that Permanent Resident Aliens carry their Permanent Resident (Green) Card as proof of their status as a precautionary measure.  It appears that Immigration Officials may be applying a section of the Immigration and Nationality Act that requires individuals over the age of 18 to carry his/her "registration" documentation with them at all times. This can include a Permanent Resident Card, Form I-94 card, Employment Authorization Card, Border Crossing Card, or a Temporary Resident Card. Immigration Officials have not historically been asking domestic travelers for "registration" documentation, but in light of the heightened security measures and current atmosphere, it would be best to be prepared with all of your documentation proving your current lawful status.

We will keep you apprised of new information and developments on the Corporate Security website and by e-mail, as appropriate.


Legal assessment of the federal court route.
-----Original Message-----
From: Ed Duncan [mailto:EDuncan2@ArterHadden.com]
Sent: Saturday, September 08, 2001 8:12 AM
To: Mara, Susan
Cc: douglass@energyattorney.com
Subject: Re: E-Mails

Thank you for the addresses.

The Petition currently assumes that a foreign energy service provider will be the Petitioner.  Because of the political rhetoric, it would help if there was also a California energy service provider.

You indicated yesterday that there may also be some customers willing to act as Petitioners.  Since that would improve the posture of the case, please use your best efforts to locate such a party.  In anticipation of such a development, we shall prepare an alternate Petition so it is available if there is a customer Petitioner.

Following yesterday's conversation, we examined the availability of going into the federal court system, rather than the California court system, following action by the Commission.  There is access to federal courts because the case will involve federal constitutional rights.  But going directly to federal court has its pitfalls.  First, the 11th amendment prevents naming the State (and presumably its subdivisions) as defendants.  This limitation can be circumvented by naming individuals as the defendants (such as the Attorney General who is the chief law enforcement officer) using Ex Parte Young, 209 U.S. 123.  Second, the federal court will have wide discretion to abstain (this is known as a Pullman Abstention) from hearing the case in order to allow the California courts to decide the California constitutional issues.  Third, the federal courts may conclude this is really a dispute over rate making and require that state remedies be exhausted (28 USC 1342).  There may be other pitfalls.

In our estimation, the federal courts would seek to abstain because the case involves such important California legal and policy issues that the Legislature decided it was necessary to confer original and priority jurisdiction in the California Supreme Court.  This presents a tactical dilemma because of the risk of alienating the Supreme Court by first going to District Court which then decides to abstain.  Also, it could create timing problems because relief must be sought from the Supreme Court no later than 30 days after a rehearing application is denied by the Commission.  The District Court would probably take more than 30 days to decide whether to abstain, thus opening a new argument of timeliness when the state action is initiated.

This suggests the possibility of filing simultaneously in both courts.  Such a strategy should use separate claimants and separate attorneys to avoid the claim of forum shopping.  Even if the cases involved different claimants and different attorneys, such a strategy would probably have little likelihood of success because it would make it even easier for the federal court to abstain since there would already be an existing state court proceeding.  By way of example, I was involved in a proceeding in the 9th Circuit concerned with Indian gaming which was deferred because of the proceeding that was in the California Supreme Court involving the constitutionality of Proposition 5 and then Proposition 1A.  Because the California Supreme Court upheld Proposition 1A, the 9th Circuit never acted.  Since the instant case implicates state law and policy, the likelihood of abstention, even if two separate cases are brought, is very high .

The foregoing analysis assumes that the Commission seeks to retroactively suspend existing contracts.  We have not yet considered whether the pending bill, if enacted by the Legislature, would change the analysis.

We shall keep you advised.  EWD

>>> "Mara, Susan" <Susan.J.Mara@ENRON.com> 09/07/01 04:34PM >>>
Here are the:

jbennett@gmssr.com
rwillia2@enron.com
paul.kaufman@enron.com
jdasovic@enron.com
jsteffe@    enron.com
rshapiro@enron.com

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


Spoke w/ Skilling re OI "binary" decision. He is willing to enter into the
deal. His rational is that he thinks we will be ok on OWC in the final
analysis. He did  say to reserve for the deal adequately and structure it as
appropriate for the circumstances. He also wanted to know if there is
anything different here than on OWC. I told him that it wasn't significantly
different (both strong underlying businesses with huge event risk attached)

Lets get dash completed and then I will voice mail Jeff w/ specifics and get
his verbal signature.

Rick


Well Ryan, as you may already realize, there's not much more room to spare
under my shirt! Maybe you can smuggle some beers in your pants.

                    ryan.ruppert@exxo
                    nmobil.com               To:     jennifer-gillaspie@reliantenergy.com
                                             cc:     djunk_epc@yahoo.com, "Gillaspie, Eric"
                    10/18/01 03:57 PM        <EGillaspie@coral-energy.com>, "Gerald Nemec
                                             (E-mail)" <gerald.nemec@enron.com>, "Jeff
                                             Gillaspie (E-mail)" <Jgillaspieci3@netzero.net>
                                             Subject:     Re: Air Show

Jen,

I guess my only question is "how many beers do you think you can smuggle
under your shirt?"

-Ryan

Ryan F. Ruppert
Geologist
Core Venture 2 (Red Sea)
Saudi Arabia Gas Resources
ExxonMobil Development Co.
GPP3-220
P.O. Box 4778
Houston, Texas 77210
281.654.5360 Telephone
281.654.1584 Facsimile
ryan.ruppert@exxonmobil.com

                    jennifer-gillaspie@reliant

                    energy.com                      To:     "Gillaspie,
Eric" <EGillaspie@coral-energy.com>
                                                    cc:     "Gerald Nemec
(E-mail)" <gerald.nemec@enron.com>, "Jeff Gillaspie
                                                      (E-mail)"
<Jgillaspieci3@netzero.net>, "Ryan Ruppert (E-mail)"
                    10/18/01 03:41 PM
<ryan.ruppert@exxonmobil.com>, djunk_epc@yahoo.com
                                                    Subject:     Re: Air
Show

Eric seems to think he is in charge of this little outing. But, he is
mistaken because I am the gatekeeper of the tickets. If you have any
questions regarding the Wings Over Houston Airshow this Sunday, please
direct them to me. Thanks for your cooperation.

   This just in from Ellington Field to me.

                                    Please Note!

          Due to heightened security at all airports across the United

          States, the following rules have been issued by the FAA and

          local officials concerning attendance at our airshow:

               Because of heightened security all backpacks, coolers and

               tote bags must be left in the car and will not be allowed

               on the field.

          These rules will be enforced by officials at the gates and on

          the grounds. Your cooperation and understanding is appreciated.

                    "Gillaspie, Eric"

                    <EGillaspie@coral-e        To:     "Gerald Nemec
(E-mail)"
                    nergy.com>                 <gerald.nemec@enron.com>,
"Jeff Gillaspie
                                               (E-mail)"
<Jgillaspieci3@netzero.net>,
                    10/18/01 03:35 PM          "Jennifer Gillaspie
(E-mail)"

<jennifer-gillaspie@reliantenergy.com>, "Ryan
                                               Ruppert (E-mail)"
<ryan.ruppert@exxonmobil.com>
                                               cc:     "Rodger Gilllaspie
(E-mail)"

<Rodger.Gillaspie@ia.ngb.army.mil>
                                               Subject:     Air Show

Performance Schedule

Gates Open
Saturday        8:00 a.m.-6:00 p.m.
Sunday          8:00 a.m.-5:00 p.m.
Warbird Static Display Viewing Times

Saturday        8:00 a.m.-1:30 p.m. 4:15 p.m.-6:00 p.m.
Sunday          8:00 a.m.-1:30 p.m. 4:15 p.m.-5:00 p.m.

No admittance to airshow after 3:00 p.m.

Participating aircraft and flying schedules are subject to change without
notice.

Flying starts at approximately 10:00a.m. each day.

Approximate Order of Performance - Subject to Change!  Radio-controlled
Model Aircraft  147th Fighter Sqdn, Tx ANG F-16 formation flying  OK ANG
F-16 formation flying  Red Baron Pizza Stearman bi-plane solo  AH-64 Apache
helicopter demo  King Krunch monster truck teaser  Paul Fiala 1930's
Barnstormer  F-18F Super Hornet demo  Mary Dilda T-6 "Ballet in the Sky"
Cattin' Around, F-14 Tomcat demo  C-17 Globemaster demo  RE/MAX Skydivers
Flag Jump & National Anthem  F-117 Stealth demo  AeroShell Demo Team  F-16
Viper demo  Heritage Flight with P-47, F-86 and F-16  "Snort" Snodgrass
F-86
Sabre Jet demo  Krunch Time with King Krunch monster truck  Tucker's Turn,
Sean D. Tucker Aerobatics  American Airpower Heritage demo - WWII flight
Airpower Armada - 100 WWII aircraft  F-16 / B-52 Tactical Assault demo
Missing Man formation

Kick the tires and light the fires......

Eric Gillaspie
Counsel
Shell Trading Gas and Power Company
909 Fannin, Suite 700
Houston, Texas 77010
Tel. 713-230-3576
Fax 713-265-3576
2HC 1036


yes you are

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:18 AM
To:	Maggi, Mike
Subject:	RE:

i don't think that i am liking you too much today.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:17 AM
To:	Nelson, Michelle
Subject:	RE:

it wasnt at the top of my to do list

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:16 AM
To:	Maggi, Mike
Subject:

you didn't tell me that becky got engaged.


Attached is a revised Credit Watch listing as of 4/09/01.   Please note that
there are 12 counterparty additions/revisions to the Watchlist for this week.
If there are any personnel in your group that were not included in this
distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, or Brant Reves at x3-9897.


I have 2 storage questions for now.

1.  Cove Point LNG - it's my understanding that this is a LNG peaking
facility. The current balance is 1,500,000 dth.  Did you have a withdrawal
schedule or were you going to use this as peaking gas?

2.  TCO contract 63304 - has capacity of 7 BCF, and I think your current
storage balance is about 5 BCF.  What is your withdrawal schedule for Jan??

thanks


---------------------- Forwarded by Heather Kroll/HOU/ECT on 11/13/2000 11:57
AM ---------------------------

Stephen Plauche@ENRON
11/10/2000 01:37 PM
To: Heather Kroll/HOU/ECT@ECT, Scott Healy/HOU/ECT@ECT
cc:
Subject: Noise Analysis

FYI... George Hessler's analysis of noise at both sites.

SP
---------------------- Forwarded by Stephen Plauche/Corp/Enron on 11/10/2000
01:40 PM ---------------------------

"gfhhai" <gfhhai@email.msn.com> on 11/10/2000 01:02:02 PM
To: <Stephen.Plauche@enron.com>
cc:

Subject: Re: Noise

Stephen,

Attached is our analysis of the sites in question. Please call if you have
any questions.

Elden

----- Original Message -----
From: <Stephen.Plauche@enron.com>
To: <gfhhai@msn.com>
Sent: Thursday, November 09, 2000 6:56 PM
Subject: Noise

> George,
>
>      FYI.... here is the email detailing the noise levels at different
> distances from the site.
>
> Stephen
> (713) 853-3890
> ---------------------- Forwarded by Stephen Plauche/Corp/Enron on
> 11/09/2000 05:58 PM ---------------------------
>
>
> Terri Austin@ENRON_DEVELOPMENT
> 11/09/2000 03:45 PM
>
> To:   Stephen Plauche@ENRON
> cc:   Michael D Nanny/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
>
> Subject:  Noise
>
> Steve,
>
> The noise form the transformers, low or high voltage, is 85 DBA @ 3 ft.
>
> The distances to the closest boundary for the sites are as follows:
>
> Wallingford, Connecticut:
> Boundary Side            Distance  Emitter
> East(Other side of road)       240ft          air blower
> North(Other side of road)     140ft           Low voltage Step-up
> transformer
> South(Other side of road)     90ft       Main step-up transformer
> West(CR Property)        20ft      Low voltage step-up transformer
>
> Hartford, Connecticut
> Boundary Side            Distance  Emitter
> North (CL&P Swithyard)        210ft           High voltage step-up
> transformer
> East (CL&P Turbines)          350ft           High voltage step-up
> transformer
> South(Fence Line)        520ft           Low voltage step-up transformer
>
> West (Existing Parking lot)   210ft           air blower
>
> Terri
>
>
>
>
>
>
>
>

 - e-mail letter rpt enron.doc


yes- they're included in the Energy Ops number.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Thursday, January 03, 2002 2:45 PM
To:	Killen, Faith
Subject:

Do we include a 'confirmation' group in the plan - I am unsure where it falls on the front plan.

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


IVOLUNTEERI
The Spay Nueter Assistance Program (S.N.A.P.) is seeking volunteers to help
care for dogs and cats.  Opportunities vary from working with the animals to
clerical duties.  Please call Patricia Roberson at  713.862.3863.

IHAPPENINGSI
Enron Blood Drive on July 20 from 7 a.m. - 4 p.m. in EB-5C2.  Call
713.853.6100 to schedule an appointment now!
Get CPR/First Aid Certified this month!  Learn the lifesaving techniques for
you and your family.  Learn how to perform adult & infant CPR and how to use
an AED (automatic external defibrillator).  July 25, 1:00 - 5:00 p.m.  Cost
is $10.  To register call the Health Center at 713.853.6100.

IWORKPERKSI
Don't delay!  Get your PerkCard today!  The PerkCard offers discounts at a
variety of merchants around Houston.  Cost is $20 and all proceeds go back
into community programming.  For more information visit the WorkPerks website
at http://home.enron.com/workperks/programs/.

Sign up your middle-school aged child for Summer of Service, a community
service program that is challenging, rewarding and tons of fun!  Children
develop valuable skills and are recognized for their contributions to the
community.  They also will enjoy  weekly Fun Friday outings to recreational
and cultural events. Cost is $160 for a two-week session.  Locations include:
West Side YMCA  713.467.9622 and South Montgomery County YMCA (The Woodlands)
281.367.9622.  Session dates are: July 3 - 14, July 17 - 28.  For more
information call the YMCA location of your choice.

ISAVE THE DATEI
July 13 - Foundation for Financial Literacy workshop. Topic: Use It But Don't
Abuse It: Credit. For a complete listing of workshops, visit
http://home.enron.com/efcu
August 8 - Enron Night at the Astros game.  For more information, click here
http://home.enron.com/cr.


Dear All

Please click into the weekly report template and add your information using
the current format:

Text =Times New Roman
 Font size = 12
All information should be bulleted using a simple circular bullet
point.

If you are submitting information for a consolidation of two or more groups,
please indicate under "Department" which groups are represented.

 Please complete the report for 3rd - 7th July 2000 and return the document
to me (Donna Titley) by 17:00 on Friday 7th July.

Regards
Donna


"Mark Younger" <mdy@slater-consulting.com> writes to the NYISO_TECH_EXCHANGE
Discussion List:

The 150 MW limitation on ICAP eligibility should only apply to SCR resources
that would fall within the DEC cap.  Any SCR resource that is exempt should
not be limited in its ability to sell ICAP (I never meant to imply they
should).

As to whether the cap is enforceable or whether the NYISO will comply, it
seems the fastest way to have the exemption yanked is for the NYISO to not
comply with the DEC's wishes.

We can talk about this at the PRL meeting on Monday but ultimately this is
an issue for ICAP working group and possibly the NYSRC.

-----Original Message-----
From: Aaron Breidenbaugh [mailto:aaron@global2000.net]
Sent: Saturday, May 12, 2001 8:12 PM
To: Mark Younger
Cc: PRLWG; 'Larry DeWitt : PACE'; jdprunkl; Tech Team EMail List,
Subject: Re: 150 mW DEC Cap for "Emergency Exempt" for EDRP

We can flesh this discussion out next week, but from the outset, Mark's
and Roy's comments are overly simplistic and overly restrictive.

First of all, not all SCR resources are impacted by the DEC cap. Many
will now be forced to go the route of obtaining Registration or State
Facility status, either of which allows then to operate above the 150 MW
cap. Lacking any DEC-imposed limit, all such permitted facilities must
be allowed to sign up for full SCR value. Obviously, other SCR
resources, not tied to emergency generation are also unaffected and
cannot be limited.

Even with respect to the Centrally Dispatched Emergency Power Generating
Units (CDEPGs), as John Prunkl points out, it is ISO Operations staff
that will need to decide on a real-time basis which SCR units should be
called. Due to the locational nature of the EDRP calls, a unit called
one day, may or may not be needed the next. Only in the case where there
will always be a clear overlap should any consideration be given to
precluding an SCR resource from participating and even then, as with
generators, there is no guarantee that all SCR-certified units will be
there when called upon.

The proper approach is not to limit who can sign up for SCR, but to
decide what protocols will be used to allocate activations during
emergencies. SCR resources that get signed up, but cannot be called due
to the limit would be analogous to generating units that sell ICAP, but
cannot operate when needed due to air permit or manufacturer warrantee
limitations. I think this would mean a UCAP "hit" for future sales.

As a more fundamental matter, I do not believe that DEC's ill-advised
150 MW limit (which was not agreed to by the NYISO) is currently
enforceable as a practical matter.

Only the NYISO knows when the 150 MW cap is being approached and
therefore the ISO's failure to adhere to that limit should not be held
against the affected generators. Nevertheless, the DEC ruling appears to
revoke the CDEPG status of ALL emergency generators upon a finding that
the NYISO has violated the 150 MW limit.

The DEC Emergency Ruling is not enforceable on the NYISO, which does not
hold permits or exemptions regulated by DEC. If NYISO agrees to abide by
the 150 MW limitation it will apparently be because it volunteers to do
so. I am unaware that the ISO has so agreed.

Consider the following: NYISO is faced with an emergency situation where
the lights would go out in New York City with 150 MW of CDEPGs but could
stay on with 160 MW. I believe that the ISO operators might have no
choice but to order the 160 MW on and preserve reliability,
notwithstanding the DEC limitation.

By placing CDEPGs in the position to be penalized for actions over which
they have literally no knowledge, let alone control, DEC's action
currently forces all emergency generators to seek Registration or State
Facility Permits.

The only apparent alternative is that CDEPGs must be given ironclad
assurances in SOAS-approved Operating Manuals that operations staff can
NEVER call on more than 150 MW of CDEPGs at any given time. Even then,
it is unclear how the ISO can provide generators with conclusive
assurances that they will not find their emergency exempt status
revoked. CDEPGs may be forced to seek real-time certifications from the
NYISO at the time they are called that their activation will not exceed
the 150 MW limit.

I would be interested in the ISO's opinion on whether it can, and will,
limit activations of CDEPGs to less than 150 MW, no matter what the
circumstances.

Aaron

Mark Younger wrote:
>
> If only 150 MW can be called on when the NYISO needs them then no more
than
> 150 MW should be allowed to qualify as ICAP providers.  The purpose of
ICAP
> is to assure that the NYISO has capacity when it needs it.  "Having" the
> capacity and then not being allowed to use it makes the capacity
worthless.
> Resources that cannot be called upon are do not add to system security.
>
> -----Original Message-----
> From:   owner-nyiso_dltf@lists.nyiso.com
> [mailto:owner-nyiso_dltf@lists.nyiso.com] On Behalf Of jdprunkl
> Sent:   Friday, May 11, 2001 3:55 PM
> To:     'Larry DeWitt: PACE'; PRLWG
> Subject:        RE: 150 mW DEC Cap for "Emergency Exempt" for EDRP
>
> Larry:
>
> A couple of comments:
>
> 1. I recommend that the 150 MW limit be managed by NYISO Operations.  They
> are going to understand the problems in real time and should have complete
> authority of which generators get run based on the situation. Trying to
> fairly rotate which units get called at this late date, given the hours of
> operation are completely unknown would be a waste of time, in my opinion.
>
> 2. We all should be very grateful that the DEC has taken the action they
> have on expanding the exempt generator definition.  If people are not
happy
> with the 150MW cap then they should get a registration or state facility
> permit and notify the ISO that the their site is not to be counted in the
> 150 MW cap calculation.
>
> 3. Not paying full ICAP for these resources would be a disaster.  If we
want
> to kill the emergency program, this is the best way to do it.  Again,
> calling of generators should be based on the NYISO Operations assessment
of
> the emergency situation.  A special case resource generator standing ready
> to serve, even if DEC has placed some limits on the number of MW running
at
> one time, should not be penalized by this cap.  We may find situations
where
> some of the SCR "exempt" generators called can not start or limit their
> generation hours for some reason.  In this case we need as many SCR
> resources ready to fill the void as possible. Limit payments really hurts
> the credibility and effectiveness of the programs we have all worked so
hard
> to develop.
>
> 4. I do not think the EDRP manuals need to say anything on this subject.
> This should strictly be an internal NYISO operation matter on which
> generators get called in each zone.  If the Operations manual needs to be
> updated to reflect the 150 MW exempt generator class of EDRP generators
lets
> do it here not in the EDRP manual.
>
> Looking forward to Monday's discussion. Have a great weekend.
>
> Best Regards,
> John D. Prunkl
> MetroGen LLC
> 205-343-1977 w
> 217-454-0295 cell
> 509-356-9367 fax
> jdprunkl@metrogen.com
> www.metrogen.com
>
> -----Original Message-----
> From:   Larry DeWitt: PACE [SMTP:dewitt@nycap.rr.com]
> Sent:   Friday, May 11, 2001 1:43 PM
> To:     PRLWG
> Subject:        150 mW DEC Cap for "Emergency Exempt" for EDRP
>
> Colleagues,
> This is a "heads up" that there are several issues we will need to look at
> on Monday with respect to the new NYS DEC expanded definition of
"emergency
> exempt" when participating in the EDRP.  The problems needing solving that
I
> am aware of so far concern the 150 mW cap that DEC placed on the ISO's
call
> for emergency customer generation.  Our understanding is that more than
that
> amount can be signed up for the program--but only 150 mWs can be called at
> any one time.
>
> Some have suggested that the DEC does not have the right or power to
> regulate the NYISO.  I don't know.  But I do know that DEC would revoke
this
> in heart-beat if they thought we were going to ignore it--especially after
> all these different parties, including the ISO and the self-generation
> developers, bargained with NYS DEC to do what they have done.  Also, the
> individual participating customers would be more than some upset if they
> found out that DEC was revoking their emergency exempt status because they
> were deemed to have been the ones who were over the 150 mW limit in an
> emergency call.
>
> There are two problems that I have seen, both related to enrolling more
than
> 150 mWs of emergency exempt EDRP participants.  First, if there is more
than
> 150 mWs in the region being called, we need to determine a method for who
> gets called--it could rotate in an equitable fashion.  But our manual
should
> probably speak to this.
>
> The other problem is that we probably shouldn't be paying full ICAP to 300
> mWs of emergency exempt EDRP participants if we know that no more than
half
> of them can respond to any ICAP call.  We might derate them in percentage
to
> the subscription over the 150 mWs.  Or some other system.
>
> My purpose here is to alert you to the issue and suggest that we want to
> come up with a solution on Monday.  I spoke with Mollie Lampi about it and
> hope the ISO has a chance to work on it today.  We want all EDRP and DADRP
> manual matters to go before the BIC on May 24th.
>
> Have a great weekend and thanks for all of the creative thinking and
> constructive participation on getting these programs as right as we can as
> quickly as we can!
>
> Larry
>  << File: ATT00000.htm >>

--

Aaron Breidenbaugh
Senior Manager &
Editor, ISO Navigator: New York Edition (tm)
http://www.iso-navigator.com

Navigant Consulting, Inc.
20 Madison Avenue Extension
Albany, NY  12203-5326

(518) 456-1082 phone
(518) 456-6008 fax
(518) 369-7987 cell

aaron_breidenbaugh@rmiinc.com

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

ISO Navigator: New York Edition (tm)  is a publication of Navigant
Consulting, Inc.
The content and views expressed therein are solely those of the
author(s) and do not necessarily reflect  the views of the New York
Independent System Operator, Inc. or Navigant Consulting, Inc.
----------------------------------------------------------------------------
----------------


See my comments in blue below.

To: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:

Subject: GE Language

I'm not particularly wild about many of the changes proposed by GE.  Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:

Indemnity issues:
They should indemnify us from claims by their employees/subcontractors.  Kay
- Is your comment in connection with GE's comment to Section 27.1(iii) (carve
out of the 100% LOL for "gross acts" of its subcontractors, vendors, ect.)?
GE is in an aggressive outsource mode and needs to remain solely and totally
responsible for the actions and liabilities for its subcontractors and
vendors.  I think Section 20.2(a) as written covers simple negligence of GE's
subcontractors and vendors and I would argue that we need to keep Section
27.1(iii) as written dealing with gross negligence of GE's subcontractors and
vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government?  Don't know!  This was not discussed with
MIke so I am not sure what is the meaning of adding this term.  We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.

Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another party's
claim for consequentials (as in a personal injury claim).  Agree.

We've don't have anything concrete on assignment yet.  Agree.

Comments?  I suggest we get together before our next scheduled conf. call to
discuss our game plan.

Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work.  Is this a problem?  Works for me...just let me
know when, where, ect.

Kay

They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07
PM ---------------------------

michael.barnas@ps.ge.com on 09/07/2000 07:46:07 PM
To: stephen.swift@ps.ge.com, Sheila.Tweed.@enron.com,
Roseann.Engeldorf@enron.com, Kay.Mann@enron.com, Scott.Dieball@enron.com,
Martin.W.Penkwitz@enron.com
cc: kent.shoemaker@ae.ge.com

Subject: GE Language

Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

Best regards,

 Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

 - MajorClausesGE01.doc


The Pastoria DASH each of you signed last week has been modified at the
request of Jeff Skilling and Rebecca Carter.  Late Friday afternoon, West
Power was advised to value the gas transportation on a PV10 rather than VaR
basis.  The impact of this change was to increase the cost of the gas
transportation from $34MM to $102.3MM.  The $102.3MM is a worst-case scenario
in that it assumes none of the capacity can be resold.

Also, RAC has advised that no new signatures will be required for the revised
DASH.

The revised DASH will be considered by the Enron Executive Committee this
afternoon in a special meeting along with other projects.

Attached for you convenience are (1) the original DASH (DASH dev final
dg.doc), (2) the final DASH before the Executive Committee
(DASH_Pastoria4_030901) and (3) a redlined comparision of the final to the
original (DASH_Pastoria4_0309091_redlined).  Most all highlighted changes
reflect the substitution PV for VaR.  A few minor changes were also made.

Should you have any questions, please do not hesitate to call me at
713.345.8992.


Bill:  The Enron Corp. board passed a resolution last week authorizing equity
transactions on ENE stock.  Clint and Jeff are anxious to proceed with the
negotiation of ISDA Master Agreements with the parties we have been
discussing.  Please send credit to me for preparation of documentation.  As
always, please let me know if you have any questions.  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/16/2000 05:06 PM -----

	Sara Shackleton
	09/18/2000 03:00 PM

		 To: William S Bradford/HOU/ECT@ECT
		 cc: Jeff Nogid/HOU/ECT@ECT, Clint Freeland/Corp/Enron@Enron
		 Subject: Enron Corp. ISDA Master Agreements

Bill:  I am resending my earlier message which identifies the correct legal
entities with which Enron Corp. would like to execute ISDA Master Agreements
(for the purpose of entering into equity trades).  In addition to the
entities listed below, we need to include "Merrill Lynch International"
("MLI").  ENA just negotiated an agreement with MLI, so the Enron Corp.
master should be fairly simple.  Also, Clint and Jeff are interested in
transacting with Toronto Dominion Bank.  In that regard I note that Enron has
an Interest Rate and Currency Agreement with Toronto Dominion Bank, New York
Branch.  I'll review this agreement to see if it requires amendment.

Jeff/Clint:  Do want to deal with a specific Toronto Dominion branch?

All:  I will expect that Bill will provide credit worksheets and I'll either
begin the ISDA process or change "ENA" to Enron Corp. on those agreements
which have previously been sent.

Thanks.  Let me know if you have any questions.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/18/2000 02:46 PM -----

	Sara Shackleton
	08/23/2000 05:47 PM

		 To: William S Bradford/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT
		 cc:
		 Subject: Enron Corp. ISDA Master Agreements

All:  Before Rod became a Brit, we were working with Enron Corp. treasury to
put in place some masters in the name of ENA for the following parties:

Bear, Stearns Internaitonal Limited
Credit Agricole Indosuez
CSFB International
Lehman Brother Finance S.A.
Morgan Stanley Capital Services Inc.
Deutsche Bank

These masters will be used to for equity deals on ENE stock.  The Treasury
group has concluded together with Rex Rogers and V&E, that Enron Corp. is the
appropriate swap counterparty for these masters and NOT ENA.

Who in credit will be available to assist me in this process?  Thanks.  Sara


As we discussed, I have attached a memo that discusses the Revised UCC
generally and an outline that focuses on the transition.  Please call me if
you have any questions.

(See attached file: #441719 v1 - Revised UCC Memo.doc)(See attached file:
#561103 v4 - Revised Article 9 Transition Memo.doc)

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
==============================================================================
NOTE:  The information in this email is confidential and may be legally
privileged.  If you are not the intended recipient, you must not read, use or
disseminate the information.  Although this email and any attachments are
believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened,
it is the responsibility of the recipient to ensure that it is virus free and
no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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

 - #441719 v1 - Revised UCC Memo.doc
 - #561103 v4 - Revised Article 9 Transition Memo.doc


The following points highlight legal/regulatory recommendations to the
business team on the DA suspension issue.

All intelligence indicates that the CPUC will act on this issue at its June
28, 2001 meeting (and there are sufficient votes for the decision).
Existing Contracts - It is our recommendation that EES should submit any and
all DASRs to initiate DA service  to the appropriate Utility no later than
June 29, 2001 for all customers that have existing contracts if we want to
ensure DA service.
New Contracts - All new contracts should be signed by both EES and the
customer no later than June 30, 2001 (July 1, 2001 is a Sunday).  DASRs for
these contracts should be submitted to the appropriate Utility as soon as
possible, but in no event later than July 6, 2001.  The July 6 date is our
estimate of the last date the Utility would accept DASRs for new contracts.
It is important to note that the CPUC is keeping the clock on contract
execution timing.
Switching Option - Customers that are on DA service can be returned to the
Utility per the tariff process.  Once the customer has been returned to
Utility service after July 1, 2001, our expectation is that there will be no
ability to have this customer receive DA service in a future timeframe.  In
addition, returning to Utility service may incur a "re-entry fee".
Contract Extensions - EES should consider amending all current contracts that
terminate after July 1, 2001 with a Evergreen Provision that provides for
Index pricing with 30 day cancellation notice provisions.  These amendments
should be signed prior to June 30, 2001.  It is possible that the CPUC will
require marketers to detail the termination dates of their DA customers.  One
additional thought - EES may consider having the customer assign any Negative
CTC receivable to EES as compensation for the Evergreen provision (to
overcome the CPUC language that indicates that the customer is due the
Negative CTC credit).

We intend to set up a call for 5pm Houston time today to discuss (call-in
number to follow).

Jim


---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 12/13/2000
05:59 PM ---------------------------

Kathy Mayfield
12/13/2000 05:02 PM

To: Rosalee Fleming/Corp/Enron@ENRON
cc:
Subject: Thank you for the Charitygift

---------------------- Forwarded by Kathy Mayfield/Corp/Enron on 12/13/2000
04:38 PM ---------------------------

bill_morgan@kindermorgan.com on 12/13/2000 04:34:58 PM
To: kathy.mayfield@enron.com
cc:

Subject: Thank you for the Charitygift

Thank you for the Charity Gift Card.  I decided to donate the gift to the
Depelchin Children's Center.


----- Forwarded by Richard B Sanders/HOU/ECT on 02/21/2001 11:01 AM -----

	"John Barr" <jbarr@bracepatt.com>
	02/21/2001 09:15 AM

		 To: <dan.lyons@enron.com>, <richard.b.sanders@enron.com>
		 cc: "W. Cleland Dade" <cdade@bracepatt.com>
		 Subject: Fwd: Re: Settlement Agreement GE and Power Systems, etc..WPD

There is still no settlement.  I will let you know if anything happens.

John

John H. Barr, Jr.
Bracewell & Patterson, L.L.P.
711 Louisiana, Ste 2900
Houston, Texas 77002
(713)221-1242
(713)222-3206 (fax)
Content-Transfer-Encoding: quoted-printable
Received: from mcafee.bracepatt.com by bracepatt.com; Wed, 21 Feb 2001
08:46:40 -0600
Received: FROM gateway.shb.com BY mcafee.bracepatt.com ; Wed Feb 21 08:54:59
2001 -0600
X-Proxy: keymaster.bracepatt.com protected
Received: from gateway.shb.com (root@localhost) by gateway.shb.com with ESMTP
id IAA29312 for <jbarr@bracepatt.com>; Wed, 21 Feb 2001 08:43:54 -0600 (CST)
Received: from groupwise-nt (mail.shb.com [10.1.3.31]) by gateway.shb.com
with SMTP id IAA29297 for <jbarr@bracepatt.com>; Wed, 21 Feb 2001 08:43:54
-0600 (CST)
Received: from 10.1.4.18 by groupwise-nt with SMTP (WorldSecure Server SMTP
Relay(WSS) v4.0.2); Wed, 21 Feb 01 08:46:17 -0600
X-Server-Uuid: af85f296-6fea-11d1-822c-00805f1542a1
Received: from 1KCPLACE-Message_Server by gwsmtp.1kc.shb.com with
Novell_GroupWise; Wed, 21 Feb 2001 08:41:47 -0600
Message-ID: <sa937f4b.094@gwsmtp.1kc.shb.com>
X-Mailer: Novell GroupWise 5.5.4
Date: Wed, 21 Feb 2001 08:41:43 -0600
From: "B. Trent Webb" <BWEBB@shb.com>
To: jbarr@bracepatt.com
Subject: Re: Settlement Agreement GE and Power Systems, etc..WPD
MIME-Version: 1.0
X-WSS-ID: 168D0B33285264-01-01
Content-Type: text/plain;  charset=us-ascii
Content-Disposition: inline

Nothing final yet.

>>> "John Barr" <jbarr@bracepatt.com> 02/20/01 04:27PM >>>
What s the status?

Thanks

>>> "B. Trent Webb" <BWEBB@shb.com> 02/01/01 10:13AM >>>
Nothing new to report.  We're staying on top of it and will notify you if
anything happens.

Trent

>>> "John Barr" <jbarr@bracepatt.com> 02/01/01 08:49AM >>>
Any news?  I have a meeting regarding this today at 2:30 p.m. and would
appreciate an update.

Thanks

John H. Barr, Jr.
Bracewell & Patterson, L.L.P.
711 Louisiana, Ste 2900
Houston, Texas 77002
(713)221-1242
(713)222-3206 (fax)

"WorldSecure Server <shb.com>" made the following
 annotations on 02/01/01 10:17:24
------------------------------------------------------------------------------

From the law offices of Shook,Hardy, Bacon LLP.

CONFIDENTIALITY NOTICE: This e-mail message including attachments, if any, is
intended only for the person or entity to which it is addressed and may
contain confidential and/or privileged material. Any unauthorized review,
use, disclosure or distribution is prohibited.  If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all copies
of the original message.  If you are the intended recipient but do not wish
to receive communications through this medium, please so advise the sender
immediately.

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

"WorldSecure Server <shb.com>" made the following
 annotations on 02/21/01 08:46:18
------------------------------------------------------------------------------

From the law offices of Shook,Hardy, Bacon LLP.

CONFIDENTIALITY NOTICE: This e-mail message including attachments, if any, is
intended only for the person or entity to which it is addressed and may
contain confidential and/or privileged material. Any unauthorized review,
use, disclosure or distribution is prohibited.  If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all copies
of the original message.  If you are the intended recipient but do not wish
to receive communications through this medium, please so advise the sender
immediately.

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


Brant,  The following are my responses;

1.  We don't have a problem removing fax notice as long as they are willing
to leave the required termination notice at 5 days.  Since we can't fax
notice, we will have to mail such notice which will take several days.

2.  We can remove affiliate assignment.

Sorry about the delay.

	Brant Reves
	12/15/2000 10:22 AM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Re: Bridgeline Guaranty

Gerald,

Here is their response to our comments.  Not much but take a look:

Under term7:  Notices - unless we include language similiar to...'Fax is
acceptable as long as the fax is followed by hardcopy documentation and
effective upon such hardcopy reciept.'  Back to square one.  They don't like
fax.
Under term 8:  they are objecting to affiliate assignment.  Successor is ok.
Affiliate assignment is no good.  They would like to take out the term
assigns.

that is it.

brant

To: Brant Reves/HOU/ECT@ECT
cc: Barbara N Gray/HOU/ECT@ECT
Subject: Bridgeline Guaranty

Brant,  The attached doc. contains Hess Energy Trading Company, LLC's
comments to our guaranty form with our responses.  Please forward as
appropriate.  I would be happy to discuss our comments with Hess if they so
desire.


that sounds good.  what if it's saturday?  is there a time you could go?
(why so much interest in the niner game?

	Cameron Sellers <cameron@perfect.com>
	11/03/2000 03:13 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: game

The game is at 1pm and its in New Orleans.  Maybe we could see the place in
the AM and then go watch it in Napa??

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)


Maureen Smith and Ruth Concannon have raised some issues regarding how Brooklyn Union Gas is in the books, specifically, the final contract year (11/1/03 - 10/31/04) is not in the books at all (which will produce a gain when booked), and the current deal structure is telescoped incorrectly at Transco Zones 1,3, & 4 when it should be telescoped 17% at Zone 1, 25% at Zone 2, and 58% at Zone 3.  This will produce a slight loss when rebooked, but the gain from booking the final year is more than enough to offset the loss.

The purpose of tomorrow is to review that issues and valuations with you & Frank before making any changes to the books.  Please let me know if you have any other questions.  Thanks!

Kelli

 -----Original Message-----
From: 	Neal, Scott
Sent:	Monday, November 26, 2001 3:37 PM
To:	Little, Kelli
Subject:	RE: BUG Rebooking

What is this about?

 -----Original Appointment-----
From: 	Irvine, Geraldine   On Behalf Of Little, Kelli
Sent:	Monday, November 26, 2001 2:19 PM
To:	Concannon, Ruth; Vickers, Frank; Neal, Scott; Smith, Maureen; Horne, Jonathan
Subject:	BUG Rebooking
When:	Tuesday, November 27, 2001 3:00 PM-3:30 PM (GMT-06:00) Central Time (US & Canada).
Where:	ECS  5102


-----Original Message-----
From:  Mann, Kay
Sent: Friday, May 18, 2001 5:30 PM
To: Manis, Herman; Bills, Lisa; Engeldorf, Roseann; Sole, Carlos; White, Ann
Elizabeth; Jacoby, Ben; Carnahan, Kathleen; Krause, Greg
Subject: Rev option form

I have revised the option form consistent (except where noted) with comments
sent by Herman and Lisa, and have attached a redline version.  Herman, I
dealt with your comment regarding the defn of Optionee by tinkering a little
with the 1st paragraph.  I also construed your comment regarding Enron's
right to terminate the option to NOT preclude termination if our counterparty
is in default.  Please confirm that this is acceptable. [Mark Hall]    That
should be ok.

Lisa, I did not change the notice info since the first entity will the the
project co, with ENA Legal receiving a copy.

 << File: FORM - Option to Purchase Real Estate (May 18).doc >>

Please advise if you have any comments.

Kay


I actually was just wanting a copy of the confirms or contracts that we/they signed in order to verify the prices and volumes.  I will try and work on asap tomorrow.  Thanks.
PL

 -----Original Message-----
From: 	James, Marlo C.
Sent:	Monday, November 05, 2001 4:35 PM
To:	Love, Phillip M.
Cc:	Keiser, Kam; Saucier, Darla; Valderrama, Lisa
Subject:	RE: Nicor Hub contracts

Darla and I tried to go out on the livelink to view some, but it errored on us and wouldn't let us view them.  I have also requested assistance from Mark Thorne that handles the physical files to see if he can help, but have not heard back from him.  If you have another way of getting a copy you might try it as I am not having much luck today.  The only other thing I have was a copy of the tariff and if you want it let me know.

Marlo

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Monday, November 05, 2001 1:40 PM
To:	James, Marlo C.
Subject:	RE: Nicor Hub contracts

I really would like to see the contract to verify things are not being booked correctly.  I spoke with Patrice and she does agree that we should not have a large receivable balance.  Try and get me the contract and I will see what I can do.  Thanks.
PL

 -----Original Message-----
From: 	James, Marlo C.
Sent:	Friday, November 02, 2001 12:04 PM
To:	Love, Phillip M.
Cc:	Keiser, Kam
Subject:	FW: Nicor Hub contracts

Have you been able to look anymore into this?

Marlo

 -----Original Message-----
From: 	Hilliard, Marlene
Sent:	Thursday, November 01, 2001 9:21 AM
To:	James, Marlo C.
Cc:	Pendergrass, Cora; Keiser, Kam; Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Mims, Patrice L.; Wesneske, Brian
Subject:	FW: Nicor Hub contracts

It has been Sylvia's understanding that Nicor Gas Company is a hub which is a storage facility, not the inverse.  We believe there has been a misinterpretation as to what has been stated.  In fact, these contracts have been setup since 1995.

Attached please find the contracts for Nicor Gas Company and Northern Illinois Gas Company.

 << File: Nicor Gas Company Contracts.xls >>  << File: Northern Illinois Gas Company.xls >>

These contracts have existed in the Global Contracts system.  Per the letter dated January 23, 1998, Northern Illinois Gas Company changed its name to Nicor Gas Company.  It indicated that any existing contracts did not have to change its name to Nicor Gas Company.  Thus, the contracts remained under the name Northern Illinois Gas Company.  Further, these existing contracts were Parking, Storage, Transportation and Pooling Service Agreement.

We suggest that you setup deal tickets and if necessary, we setup new contracts with the service of Balancing ,Wheeling and Loan.  These contracts will feed to Unify accordingly.  Some of the contracts already have deals, which is indicated on the contract title or you can run the Sitara Report to locate the deals behind the contracts.

If you need our assistance, please do not hesitate to contact us.

Thank You.

Marlene D. Hilliard
 -----Original Message-----
From: 	James, Marlo C.
Sent:	Thursday, November 01, 2001 7:27 AM
To:	Pendergrass, Cora; Keiser, Kam; Hilliard, Marlene
Cc:	Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Mims, Patrice L.; Wesneske, Brian
Subject:	RE: Nicor Hub contracts

That will be good going forward if all goes well, however we still need to address the outstanding issues in order to clear the Receivables and Payables.  I will be giving Marlene a copy of the tariff and see if she can get contracts setup.

Let me know how the test goes.

Thanks,
Marlo

 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Thursday, November 01, 2001 7:05 AM
To:	James, Marlo C.; Keiser, Kam; Hilliard, Marlene
Cc:	Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Mims, Patrice L.; Wesneske, Brian
Subject:	RE: Nicor Hub contracts

We are changing how we put in these tickets effective November 1 to be on CPR exchange tickets.  When I get my reports for October we will go out and set up storage contracts for what we have right now and start using them accordingly.  Part of the problem has been in the way we have to send Nicor on an EDI process.  I am going to revisit and see if we can test in stage doing it thru CPR tickets and if that works then there should be no problem.  Please keep me posted and anything I can do to be of assistance please let me know.

Thanks,

Cora
 -----Original Message-----
From: 	James, Marlo C.
Sent:	Wednesday, October 31, 2001 4:25 PM
To:	Keiser, Kam; Hilliard, Marlene
Cc:	Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Pendergrass, Cora; Mims, Patrice L.
Subject:	Nicor Hub contracts

We, Vol Mgmt and Settlements are still trying to get the Nicor/Northerin Illinois Gas deals cleared through Unify.  Kam had tried to help Kathy Kelly and I last year with putting in storage tickets for the deals that address the Balancing/Wheeling/ and Loan volumes that ENA is charged by the Hub every month.  These volumes are coming through the Supply verifications and Sales invoices but are not being paid, nor being sent out and therefore creating issues for Settlements.   I remember that Sylvia Campos had stated that those tickets were not possible to put in because Nicor is an Hub not a storage facility.  My Nicor rep. faxed me copies of their tariff effective July15, 1999 stating they have the capacity for storage and transportation, so I'm a little confused what the problem is that is preventing us setting Nicor up correctly in global and Unify to handle these types of storage deals individually.

Any assistance with this would be greatly appreciated as we are showing a $4 million receivable outstanding for settlements and a $1.1 million payable on the service side and need to get these cleared as soon as possible.  I can make a copy of the tariff that I have just let me know.

Thanks,
Marlo James


Thanks Bob!

	Bob Bowen
	05/23/2000 02:09 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: template - omniswap


This deal was in as 492562, but with no broker. I added APB.

Thanks,
Kate

Kerri Thompson@ENRON
01/09/2001 02:26 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

missing deal for jeff richter

selling smud
175.00
10th
25 mw
np-15

thanks!


Further to Louise's suggestion:

On selecting "Create Price Limit Order" from the submission window, a link
should appear titled "How Price Limit Orders Work". Suggest a location
immediately below the bar containing the "Create Submission" and "Create
Price Limit Order" buttons.

When this link is pressed, a popup window should appear containing the
following text:

Price Limit Orders allow you to place an offer to buy or sell at a price
which is not currently available. If the price you specified becomes
available on EnronOnline, the system will automatically try to fill your
submission and a transaction may result.  Your submission may be filled
partially or completely depending on the volume available. This submission
will remain active until the earlier of (i) the expiration of the hours and
minutes you specify in your submission, (ii) Your cancellation (by
highlighting the submision and pressing the cancel button on the main
screen), or (iii) the end of the day. The submission  will not be withdrawn
by your logout. Price limit orders are processed automatically by price and
then by timestamp. Therefore, if other price limit orders for the same price
have been submitted before yours, then they will be filled before your
submission is filled. This can result in other transactions completing at the
same price as your price limit order, while your price limit order does not
complete.

---------------------- Forwarded by David Forster/Corp/Enron on 08/24/2000
07:56 AM ---------------------------

Louise Kitchen@ECT
08/24/2000 07:45 AM
To: David Forster/LON/ECT
cc:

Subject: Re: Price Limit Order Language

DAve - this won't work its too long - you need a phrase -"How this works)
which is a hyper text link to the majority of this wording

CAn you please sort out.

Teresa Smith@ENRON
23/08/2000 18:56
To: Louise Kitchen/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
cc:

Subject: Re: Price Limit Order Language

How do you want us to handle the price limit order submission text?  See
Mark's e-mail below.  I believe in the meeting this afternoon we talked about
reducing the amount of text in the submission screen and creating a link to a
separate section for the remainder of the information.

-Teresa
---------------------- Forwarded by Teresa Smith/Corp/Enron on 08/23/2000
06:48 PM ---------------------------
From: Mark Taylor@ECT on 08/23/2000 03:34 PM
To: Teresa Smith/Corp/Enron@Enron
cc:

Subject: Re: Price Limit Order Language

----- Forwarded by Mark Taylor/HOU/ECT on 08/23/2000 03:34 PM -----

	Mark Taylor
	08/23/2000 02:38 PM

		 To: David Forster/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Price Limit Order Language

Dave - my comments are below in red.  I'm assuming that "end of the day" is
the end of the trading day, but this seems a bit ambiguous since the trader
in Japan may be thinking about a different "day" than the trader in London,
etc.  Will the orders be cancelled if our trader removes a product during the
day and then reactivates it?

	David Forster@ENRON
	08/21/2000 05:57 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Mark Dilworth/LON/ECT@ECT
		 Subject: Price Limit Order Language

Mark,

Further to our conversation today; How is this?

You have offered a price limit order for aaa mmbtus of yyyyy at a price of
xxx. If the price you specified becomes available on EnronOnline, the system
will automatically try to fill your submission and a transaction may result.
Your submission may be filled partially or completely depending on the volume
available. This submission will remain active until for the earlier of (i) xx
hours and yy minutes from your submission, or  (ii) until you cancel it (by
highlighting it and pressing the cancel button on the main screen), or (iii)
the end of the day. The submission  will not be withdrawn by your logout.
Price limit orders are processed by price and then by timestamp. Therefore,
if other price limit orders for the same price have been submitted before
yours, then they will be filled before your submission is filled. This can
result in other transactions completing at the same price as your price limit
order, while your price limit order does not complete.


You're right - Mike Driscoll entered this incorrectly, so I killed deal
563929 and simply added three new legs to the existing deal they were trying
to extend. Deal number 476578 now has legs 4, 5, and 6 to extend the deal
under the same terms through April. Please let me know if this doesn't show
up correctly for some reason.

Thanks,
Kate

	From:  Sharen Cason                           03/29/2001 07:31 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Montana Power #563929

I have a question about how this deal is entered.  It is a 24 hour deal
against an index.  Shouldn't it be split out and priced against the
individual on peak, off peak and Sunday index?

Thanks!


Linda - I haven't heard of these guys.  Do you know them?
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/15/2001
06:47 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Sherri Sera                           05/15/2001 04:19 PM

To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
cc:

Subject: HELP!!!

Steve and Mark, a good friend of mine works for Mr. Grimes at Stewart &
Stevenson.  They have been offered this opportunity by the China Assoc. for
Social and Economic Development for a commitment of $74,000.  Since Mr. Lay
has been a past recipient (according to their attached letter), they are
wondering if this is legit.  Can you provide any insight?  Thanks for your
help.  SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 05/15/2001
04:12 PM ---------------------------

Doyleene Harris <d.harris@ssss.com> on 05/15/2001 03:32:30 PM
To: "'sherri.sera@enron.com'" <sherri.sera@enron.com>
cc:

Subject: HELP!!!

Hi Sherri,

We would be most appreciative if you can help us out on this one!

Our President and CEO, Mike Grimes, received the letter (copy attached/please
open) from the China Association for Social and Economic Development.? In
this letter, Mr. Wu mentions that Dr. Kenneth Lay was a past recipient.

Well, you just called - so I won't complete this email!

Love you -

Doyleene

-----Original Message-----
From: Judy Johnson
Sent: Tuesday, May 15, 2001 2:58 PM
To: Doyleene Harris
Subject:

?

 <<~MAP0000.jpg>>
 - ~MAP0000.jpg


does it get any uglier than this?


A revised red-lined draft is attached reflecting some additional comments from Greg. If this looks ok, please let me know and we'll finalize and file it today.


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 09:39
AM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           10/10/2000 09:38 AM

To: cbrashear@ve.com
cc:

Subject: Michaelisms

Michael has been peppering me with questions lately:

Do you have to be rich to run for president?
Do you have to follow in your father's footsteps when you grow up?
How would it be if I kicked the ball through the clouds and God caught it?
Can you see God?
Where is God?
Why did Dolly die (pathology, not philosophy)?  Was it fleas and worms?

And when he was  mad at Neil:  Mom, you picked the wrong husband.

I'm sure there have been more - this was just Sunday and Monday!

Kay


Hi Dr. Pershing -

Will you please verify the dates again with me?  Is the 3:00 p.m. panel on
Monday or Tuesday?

Thanks.

Rosalee

"PERSHING Jonathan, IEA/LTO" <Jonathan.PERSHING@iea.org> on 04/24/2001
11:08:56 AM
To: "'Kenneth.Lay@enron.com'" <Kenneth.Lay@enron.com>
cc:
Subject: RE: for Rosalee - re Mr. Lay's participation at IEA ministerial

Dear Rosalee,

 I would again like to thank Mr Lay for agreeing to take part in both
our IEA ministerial session and in the OECD Forum 2001 - Sustainable
Development and the New Economy.  As discussed, he is to chair the first of
two energy panels at the FORUM; his is titled "Fuelling Sustainable
Development".  On his panel will be Mr Kurt Yeager of EPRI (speaking on
hydrocarbon issues), Mr Luis Echavarri, the head of the OECD's Nuclear
Energy Agency (speaking on nuclear power), and Danish Minister of Energy and
Environment, Svend Auken (speaking on renewables and energy efficiency).
The panel is scheduled to take place starting at 3pm at the Cit, des
Sciences et de l'Industrie, in La Villete, in northern Paris.

As I believe I noted in our previous e-mail communications, while the IEA is
responsible for organising our ministerial session and the substantive
issues related to the energy panels on the FORUM, the OECD is doing the
FORUM logistics.  They have therefore asked that I forward to all speakers
the following note (see below). It asks that Mr Lay provide a number of
logistical inputs, including a biography and photo, as well as information
on any remarks he might choose to make. I note that as the chair of the
first energy panel, he may not wish to make a formal presentation -- but
time does permit this if he wishes, and the decision is at his discretion.
I would appreciate being a cc on any material you send to the OECD so we can
keep our files current.

On our own side, the IEA concluded its Governing Board Meeting last Friday,
and finally approved the ministerial session agenda and arrangements.  While
Mr Priddle will be sending out a formal invitation and set of background
documents to Mr Lay this week, I wanted to give you a heads up and find out
if you had any "last-minute" questions which I might help answer.

In addition, I note that your last e-mail indicated Mrs Lay will be in Paris
during our session.  Some of our ministerial representatives are also
planning to bring spouses (in particular US Energy Secretary Abraham, who is
coming with his wife) -- do you think Mrs Lay might wish to participate in
any events during this period with any of these others?  If you let us know,
we would be happy to make arrangements.

Also, please let us know if others will be travelling with Mr Lay, and if we
might facilitate their logistics.

I look forward to hearing from you.

Best wishes,

Jonathan Pershing

________________________
Jonathan C. Pershing, PhD.
Head, Energy and Environment Division
International Energy Agency
75739 PARIS Cedex 15
FRANCE
Tel:  (33-1)40 57 67 20
Fax:  (33-1)40 57 67 39
e-mail: jonathan.pershing@iea.org

**********************
OECD ATTACHMENT

 We will be writing to you shortly concerning the final title and
time of your session, and how the session will be conducted. If you have any
questions that you wish to raise in the meantime, please do not hesitate to
contact John West, Forum Director, who can be reached at (33.1) 45.24.80.25,
or by e-mail at john.west@oecd.org.  In the meantime, I would be very
grateful if you could provide us with the following information.

YOUR ARRIVAL AT THE FORUM VENUE
 As you may know, the Forum is being held at the Cit, des Sciences et
de l'Industrie, La Villette, 30, avenue Corentin-Cariou, 75930 Paris cedex
19, Telephone : (33-1) 40 05 70 00.  More information about how to access
the La Villette conference centre is available on our Internet site at
http://www.oecd.org/forum2001/about/transport.htm .

  We recommend that you arrive at least one hour before your
session starts.  On arrival, you will be met by the OECD protocol team and
taken to the "Speakers' Lounge" where you can meet the other speakers and
moderator.  Once your travel arrangements are finalised, we would be
grateful if you could send us your arrival and departure times on the
enclosed Speakers Administration Form.

Speakers Administration Form:

 (SEE ATTACHMENT)

YOUR PERSONAL INFORMATION

Short career biography (1/2 page A4) in French and English
Photograph (colour or black/white)

 The biography should be sent as a word document by return email
along with a photograph in jpeg or tiff format or an original. This material
is required as soon as possible.  It will be included on the Forum web site
and printed in the conference documentation, which will be given to all
delegates on arrival at the Forum.

AUDIO VISUAL REQUIREMENTS

  Please complete the enclosed Speakers Administration Form,
which asks you to detail your audio-visual requirements.  Please note that
because of the expected size of the audience, overhead projector slides are
not suitable and 35mm slides or graphic presentations (PowerPoint) should be
used.  If you wish to use graphic presentations and/or video we will need
your materials provided ahead of the event as hard copy, on disc or by
email. You will also need to bring a disc with you.

  There will be interpretation into English and French
throughout the sessions.

ACCOMMODATION & TRAVEL

  If you require overnight accommodation near La Villette, we
recommend that you consult the following website that provides information
on hotels where discount prices have been negotiated -
http://www.expotel.co.uk/?EVENTCODE=OECD2001.

  I would also like to draw to your attention that discounted
travel is available on Air France and Eurostar -- please consult the Forum
internet site at http://www.oecd.org/forum2001/about/transport.htm for more
information.

CONFERENCE SOCIAL EVENTS

  You are invited to attend the whole Forum. Information about
social events, included special social events for speakers will be furnished
to you shortly.

ACCOMPANYING PERSONS

  We would also be very grateful if you could inform us of any
persons who may be accompanying you to the Forum.  They will naturally be
given free entrance to all Forum events.

PRESS AND PUBLICITY

  The Forum is attracting substantial media attention and we
would like to know if you would be interested in participating in interviews
or photocall opportunities.

  Meggan Dissly (meggan.dissly@oecd.org - Tel:
33.1.45.24.80.94) from the OECD Media Relations Division, is responsible for
Forum media relations and may be in contact with your office regarding
possible press opportunities. Please could you confirm the appropriate press
contact in your office.

  If you have any queries, please do not hesitate to contact
Mr. John West or myself.  Thank you again for your participation in the
Forum and I look forward to meeting you in Paris.

 Your sincerely,

Nadine N'Diaye-Robinson
Internet site and Operations Manager
OECD Forum 2001 - Sustainable Development and the New Economy
http://www.oecd.org/Forum2001/
* Nadine.Ndiaye-Robinson@OECD.org
( +33 1. 45.24.80.61
: +33 1. 44.30.63.46

 - Speaker Admin form.doc


ok just no voice.  Thanks.

Dale Neuner on 10/21/99 01:45:01 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: How do you feel


-----Original Message-----
From: Srunswick@aol.com [mailto:Srunswick@aol.com]
Sent: Wednesday, January 30, 2002 12:11 PM
To: Semperger, Cara
Subject: Hey there sugar!

I have definatly missed you.  I have missed everyone.  I like my new job but Sean was right, it is very slow paced here.  I find myself fighting for things to do some of the time.  I live on my own, I really dig my new pad.  It's definatly different living by myself.  Please tell everyone I said hello and if they want my address or phone number you are welcome to pass it on.

Stacy Runswick               Hm.  (916) 391-3370
465 Rivergate Wy. #27        Cell (916) 425-5274
Sacramento, CA 95831


[IMAGE]                   [IMAGE]  Dear Valued Subscriber:  You can save time and improve the way you see energy information every day through Energy Central Direct.   That's right.  You are currently receiving Energy Central Direct and you can now select the content you want to see each day and how you want to see it.  Choose from dozens of different information sources like: news, pricing, conferences & events, futures, financial, career, legislation, load forecasts and newsletters and organize them the way you want them to be. Additionally,  you can customize the news to see only those topics of interest to you.   To increase your effectiveness, click here  now to customize your Energy Central Direct and maximize the energy information you receive daily.  Regards, Mark Johnson Director of Content Management mjohnson@energycentral.com     Click here to customize your ECD       [IMAGE]   This message is brought to you as a registered user of Energy Central.  If you wish to discontinue  receiving this type of message, reply to this message with 'Stop Ads' in the subject of your message.


Isabel,

Who is the "intial purchaser", and why are the documents dated tomorrow?

Thanks again,

Kay

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/25/2001 07:40:48 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>, "Rick Vicens (E-mail)"
<rvicens@deltapower.com>
cc: "John Tisdale (E-mail)" <jtisdale@arclightcapital.com>, "Amy Weed
(E-mail)" <aweed@jhancock.com>, "John Anderson (E-mail)"
<jcsanderson@jhancock.com>, "BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject: Pegasus - ENA "no objection to forms" letter

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

Kay

Please find attached a clean and blacklined copy of the Enron "no objection
to forms" letter.
I apologize for not attaching this document to last night's e-mail.

Regards
Isabel

 - COMPARE001.DOC
 - NY003701662.DOC


Option 1 - laptop low end
http://commerce.us.dell.com/dellstore/config.asp?order_code=PR700SON19&custome
r_id=19&keycode=6V900

Option 2 - laptop high end
http://commerce.us.dell.com/dellstore/config.asp?order_code=EG700UON19&custome
r_id=19&keycode=6V901

Option 3 - desktop (free)
http://commerce.us.dell.com/dellstore/config.asp?order_code=LP866PO19&customer
_id=19&keycode=6V903

what do you think?


----- Forwarded by Richard B Sanders/HOU/ECT on 10/18/2000 02:56 PM -----

	Eric Thode@ENRON
	10/18/2000 02:54 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: San Diego Union Tribune

---------------------- Forwarded by Eric Thode/Corp/Enron on 10/18/2000 02:55
PM ---------------------------

Eric Thode
10/18/2000 02:41 PM
To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
cc:

Subject: San Diego Union Tribune

Have you seen this?

Eric

Power-company profits climb along with prices

 By Craig D. Rose
UNION-TRIBUNE STAFF WRITER
October 18, 2000

A power company executive yesterday boiled California's ongoing electricity
crisis down to the bottom line.

"Prices are rising, and I know that's hurting consumers ) but it certainly
has been beneficial for Enron," said Jeffrey Skilling,
president and chief operating officer of the Houston-based energy and trading
company.  Enron declined to specify how
much it earned from California during the past summer, when the state's
deregulated electricity market sent power prices
soaring. But the Texas company did say that profits of its sales and services
unit ) which trades California electricity and o
ther commodities ) increased 135 percent to $404 million.

Dynegy Inc., also based in Houston, reported that income from its marketing
and trade unit soared more than 300 percent to $142 million.   Steve
Bergstrom, president of Dynegy, said California was perhaps only the
third-biggest contributor to that surge. But industry analysts said the
earnings
 reports are the first indication of a pattern expected in coming weeks.

"California clearly drove the positive momentum at both of these companies,"
said Carol Coale, senior analyst of Prudential
Securities. "And you probably just saw the beginning of a string of strong
reports (from the power industry)."  She and others
say they suspect that power companies derived billions in profits from the
state, where tight supplies set the stage for huge price increases.

Companies did not necessarily have to own generating plants to profit from
the deregulated market. Enron produces no electricity in California
but is the nation's largest electricity trader, buying and selling the output
of power plants owned by other companies.

Rep. Duncan Hunter, R-El Cajon, said the big profits should be seen in
something other than a business context.  "These massive profits
by the energy companies translate directly into thousands of San Diegans
losing savings that were planned for education, mortgage
payments, health care and other . . . necessities," Hunter said.

When the state power exchange saw dramatic price increases within a matter of
hours, "it was clear that predatory pricing was producing
massive profits for someone," Hunter said.  Hunter insists that recent power
prices violate federal law mandating that rates be "just and reasonable."
He is calling for the Federal Energy Regulatory Commission to order refunds.
FERC is scheduled to issue a report on the California market by Nov. 1.

The political fallout from the price increases, meanwhile, appears to weigh
heavily on power companies, which are reluctant to tout successes in
California for fear of being singled out for profiteering.

After noting that Dynegy's recent acquisitions in Illinois contributed
strongly to the company's success last quarter, Bergstrom was reminded that
he
had omitted mention of California.

"Illinois is not as politically volatile as California," Bergstrom said.

He acknowledged that Dynegy did "pretty well" in California because its power
plants produced far more electricity this year than last. Bergstrom
also sought to correct an earlier report that Dynegy had quickly recouped the
cost of power plants it recently acquired in the state.

He said that was true only of the plants it owns in Long Beach and El
Segundo, which it bought in 1998. Bergstrom said the cost of Dynegy's half
interest
in the former San Diego Gas & Electric Encina power plant in Carlsbad )
acquired at the end of 1998 ) had not been recovered.

Typically, plant operators assume that it will take as long as 20 years to
recoup such costs.

In comments to financial analysts, Skilling, of Enron, suggested that power
companies could help provide a solution to California's power problems.

"Supply constraints and the resulting price pressures in California and other
locations have demonstrated the need for skilled marketers like Enron
to provide reliable power and stable prices," Skilling said.  He predicted
that California's utility companies ) which now buy much of their power from
other companies ) would sign long-term contracts to stabilize prices,
following an approach suggested by many power generators and traders.

"If they were willing to extend the terms of their purchases to 10-year
contracts, then they could get contracts for $50 a megawatt, which is not
much
different than they were paying two or three years ago," Skilling said.

But consumer advocates have noted that long-term contracts at those levels
would lock consumers into price increases and leave them with little
choice about suppliers. Advocates of electrical deregulation had predicted
that introducing competition would lead to reductions in power costs
and to greater consumer choice.

Harry Snyder, senior advocate for Consumers Union in San Francisco, said he
was skeptical of solutions proposed by the power industry.

"Any proposal from the industry has to be suspect because they have engaged
in faking out the California public and price gouging when there
are shortages," said Snyder, who advocates an end to deregulation.

"They do not have consumer interests at heart."


Hi folks, Here they are.  Let's attach the valuation materials asap and get
this to Julia Chin this morning.  Thanks, avr
---------------------- Forwarded by Andrea V Reed/HOU/ECT on 09/07/2000 08:04
AM ---------------------------

MARY COOK
09/06/2000 06:05 PM
To: Andrea V Reed/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT, Julia
Murray/HOU/ECT@ECT, Julia H Chin/NA/Enron@Enron
cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Scott
Sefton/HOU/ECT@ECT, Ryan Siurek/Corp/Enron@ENRON, AnnMarie
Tiller/Corp/Enron@ENRON
Subject: Raptor Confirms:  Publics

O:\Legal\MCOOK\WORK-GENERAL\raptor transmittal.doc
TO:  ANDREA REED
STUART ZISMAN
JULIA MURRAY
JULIA CHIN

FROM:  MARY COOK

CC:  MARK TAYLOR
SARA SHACKLETON
SCOTT SEFTON

SEPTEMBER 5, 2000

RE:  RAPTOR CONFIRMS

ATTACHED ARE THE PUBLIC CONFIRMS, EXCEPT ACTIVE POWER WHICH WILL BE DEVELOPED
LATER THIS WEEK.  WE ARE AWAITING A MEMO DESCRIBING WHAT HAS TRANSPIRED SINCE
8/3 TO ENABLE US TO DRAFT THE ACTIVE POWER SWAP.

PLEASE NOTE THAT BRIGHAM SWAPS, INLAND SWAPS AND TETONKA SWAPS ARE BEING HELD
AS IT IS OUR UNDERSTANDING THAT THEY ARE ON OUT FOR NOW.

ANDREA, WILL YOU FORWARD TO THE APPROPRIATE BUSINESS UNIT ACCOUNT MANAGERS
FOR REVIEW AND FINAL APPROVAL, AS YOU MAY DEEM APPROPRIATE?

WE ARE ASSIMILATING THE HARD COPY PACKAGES OF MATERIAL TO BE DELIVERED TO
CHIN TO COORDINATE DELIVERY AND EXECUTION MATTERS.  THE PACKAGES WILL NEED
THE ADDITION OF ANY VALUATION MATERIAL TO BE SENT TO TALON.

See attached.


Aziz,

Please, contact me before or after the presentation and we can find
a time slot to chat later on Friday.

Vince

al3v <al3v@andrew.cmu.edu> on 10/31/2000 01:59:11 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: meet during CMU visit?

Dr. Kaminski:

I am a Ph.D. student here at Carnegie Mellon who has a long-standing
interest in the energy industry.

I have recently developed the framework of a simple model for electricity
prices that I would like your opinion on. Could you please chalk out some
time for me during your CMU visit this Friday?

Unlike traditional electricty pricing models, which assume that the
log-price is a sum of a couple of stochastic factors, I assume that some
fundamentals of the electricity market are driven by stochastic factors.
Next, given the current values of these factors, price is determined by
economic forces of profit maximization by price setting electricity
generators. Unlike typical factor models, the factors in my model are
potentially observable.

Thank You,

 Aziz A. Lookman
Graduate School of Industrial Administration
5000 Forbes Avenue
Carnegie Mellon University
Pittsburgh, PA 15213
Tel: 412-268-3681
Fax: 412-268-6837
(pls. mark the fax c/o Jackie Cavendish)


If you call changing the world not much to do, so be it.  I know Texas is a
big state, but is there enough room to accommodate your arrogance and
Waldren's?

By the way, I want to bring Dena (I think it's with an 'e') something for
putting up with Rich and James.  What kind of perfume does she like?  - Or,
what else might she appreciate?

Give me an idea of required clothing for the evenings.  I assume shorts for
golfing.

-----Original Message-----
From: John.J.Lavorato@enron.com [mailto:John.J.Lavorato@enron.com]
Sent: Wednesday, October 11, 2000 1:39 PM
To: Mark Van Rassel
Subject: Re: FW: Houston, we have a problem

I'm sensing that you don't have much to do during the day.  I'm thinking
about inviting Mark Waldren down at the same time.  Please advise.


Tracy,

Do I need to turn in anything to Corporate for the plan presentation, due Oct 18?


Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
----- Forwarded by Cheryl Nelson/NA/Enron on 04/26/2001 09:19 AM -----

	Sheila Glover@ECT
	04/24/2001 03:32 PM

		 To: Cheryl Nelson/NA/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Clara
Carrington/HOU/ECT, Greg Whiting/Corp/Enron, Kim S Theriot/HOU/ECT@ECT
		 Subject: SSB commodity acct docs

Cheryl,
Documents for your review.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 04/24/2001 03:07
PM ---------------------------

"Wilson, Tania Meyer [PVTC]" <tania.meyer.wilson@rssmb.com> on 04/24/2001
02:50:10 PM
To: "'sheila.glover@enron.com'" <sheila.glover@enron.com>
cc: "Gallagher, Brian J [PVTC]" <brian.j.gallagher@rssmb.com>
Subject: SSB commodity acct docs

> commodity disclosure booklet to read.
> commodity agreement booklet for signing. (includes forex language.)
> wire transfer instructions for daily fed fund wires.
>
> please call/email either brian or myself should you have any questions.
>
> regards, Tania
>
>  <<cmdy dsclr booklet>>  <<wire trf instx>>  <<cmdy agrmt booklet>>
>
> Tania Meyer Wilson
> Vice President-Investments
> Control Administrator
> Salomon Smith Barney
> 10 South Wacker Drive
> Suite 2800
> Chicago, IL   60606-7407
>
> P: 312-648-3420
> F: 312-648-3328
> T: 800-621-5231
>
> http://www.salomonsmithbarney.com/
>
>
>

--------------------------------------------------------------
Reminder:  E-mail sent through the Internet is not secure.
Do not use e-mail to send us confidential information
such as credit card numbers, changes of address, PIN
numbers, passwords, or other important information.
Do not e-mail orders to buy or sell securities, transfer
funds, or send time sensitive instructions. We will not
accept such orders or instructions.  This e-mail is not
an official trade confirmation for transactions executed
for your account.  Your e-mail message is not private in
that it is subject to review by the Firm, its officers,
agents and employees.
--------------------------------------------------------------
 - cmdy dsclr booklet.pdf
 - wire trf instx.pdf
 - cmdy agrmt booklet.pdf