---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/11/2000
04:24 PM ---------------------------

James Saunders
12/08/2000 07:02 PM
To: Rod Hayslett/FGT/Enron@ENRON
cc: Bob Chandler/ET&S/Enron@ENRON, John Cobb/FGT/Enron@ENRON, Patricia
Wiederholt/NPNG/Enron@ENRON

Subject: Preliminary 2001 Objectives

Rod - below is a prliminary list of 2001 objective ideas.

SAP
a. Participate in Enron's Project Sunrise to improve utiliation of SAP, SAP
"bolt ons" and SAP/accounting related processes.
b. Enhance ETS SAP user groups to remedy post implemetation "bugs" and
improve user understanding and utilization
of the system.

AUDITS AND CONTROLS
a. Implement an ETS approval authorization policy (and ensure compliance),
incorporating all possible ETS transaction
commitments
b. Implement improved ETS project controls (beyond workorder authorizations)
c. Establish improved financial risk management procedures (interrelated to
a. above)
d. Utilize internal audit resources to provide process improvement ideas
(versus traditional audit findings) and drive process changes.
e. Achieve no material financial effects from external audit negotiations

FINANCE
a. Refinance TW note with Enron
b. Issue 144A or equivalent to meet FGT cash requirements in 2001.

REPORTING
a. Meet year end external reporting requirements and deadlines, complicated
the mid 2000 MSA/SAP conversion.

ACCOUNTING
a. Implement FAS133 with no adverse effect to income.

BUSINESS SUPPORT
a. Provide innovative accounting solutions in support of:
a1. pipeline regulatory initiatives
a2. pipeline expansions
a3. pipeline and ETS new business/deal initiatives (including divestments)
a4. unique business projects, ie. TW Navajo ROW settlement negotiations, NNG
South End opportunities
b. Develop improved upfront accounting linkage on pending ETS business
transactions

ORGANIZATION
a. Implement and document process and reporting improvements; realizing the
benefits of the 2000 ETS accounting functional realignment. (There are
opportunities in financial accounting, property accounting, reporting,
reconciliations/ controls, and staff development)

b. Implement an ETS acounting analyst program

Patricia Wiederholt
12/05/2000 10:47 AM
To: Jerry Peters/NPNG/Enron@ENRON, James Saunders/FGT/Enron@ENRON
cc:

Subject: 2001 Goals & Objectives

My input for items I believe need to be accomplished in the year 2001:

 Improve timing of accounting close to 5th workday
 Complete refund for NBPL rate case
 Develop manageable allocation methodology for new organization structures
 Implement financial forecasting model for NBPL SFV tariff
 Establish additional Audit Committee member for NBP by June 2001 to meet new
audit committee requirements

These are in addition to our "standard" objectives for reporting deadlines,
financial targets, etc.

	From:  Bob Chandler                           12/05/2000 01:05 PM

To: James Saunders/FGT/Enron@Enron
cc:

Subject: 2001 Goals & Objectives

Here's a laundry list of various potential 2001 Goals/Objectives per Rod's
request below:

Implementation of FAS 133
Possible 3rd party refinancing of $150MM TW note to Enron Corp.
Implementation of Datamarts to replace DSS.
Implementation of Risk Management System (Lee Ferrell - Commercial)
Filing of Forms 2 using 6 mos. MSA and 6 Mos. SAP.
Completion of year 2000 audited financials using 6 Mos. MSA and 6 Mos. SAP
Progress toward resolution of TW ROW renewal issue.
Completion of NNG depreciation study in support of south end strategy
Establishment of SLA recovery mechanism through Order 637 settlement
discussions.
Implementation and fine-tuning of new ETS Finance organization.

------------------------------------------------------------------------------
------------------------------------------------------------------------------
--------------------------
John Cobb
2001 Goals & Objectives Consideration
December 8, 2000

1. Develop and implement a Citrus Board capital report for Phase V and VI
similar
to the current Phase IV reports and support the expansion construction team
in the   monitoring and reporting of costs, etc.

2. During the First Quarter, 2001 identify any Year End / FERC Form 2
reporting issues and implement solutions to meet reporting deadlines and as
necessary improve on any interim solutions prior to year end, 2001.

3. During the First Quarter, 2001 confirm the accuracy and FERC compliance of
the Composite Depreciation and AFUDC calculations.

4. Manage the quarterly CTC contract valuations (FAS 133/138) so as to
minimize any adverse earnings impact.

5. Support the implementation of an ETS Accounting &Analyst8 Program

6. Identify and implement at least one (per department) &best practice8
procedural improvement as a result of the new functional organization with
identified cost savings, efficiencies and/or revenue enhancements.

7. During the First Quarter, 2001 review the &Assessments8 (Fixed
Distribution) in conjunction with the new organization and initiate changes
as appropriate.


I would like to add the following items to the agenda.  I believe that coming to a resolution on these issues will increase both the efficiency and effectiveness of the TW team.

	-Team members hours of coverage, and job responsibilities
	-Rotating team coverage responsibility in an emergency, and possible solutions to minimize unexpected coverage issues 	(weekdays, weekends, and late nights)

Thank You,
Christine

 -----Original Message-----
From: 	Kowalke, Terry
Sent:	Tuesday, November 06, 2001 9:04 AM
To:	Giambrone, Laura; McEvoy, Christine; Miller, Beverly; Miller, Chris L; Minter, Tracy; Mulligan, Amy; Ward, Linda
Cc:	Blair, Lynn; Buchanan, John
Subject:	RE: TEAM MEETING

      With the customer service items put before us from Shelley and Lynn. It appears to me that now is a good time to review some items surrounding the team environment. This is a way for the TW team to show how or what we are doing to provide customer service. Thank You.

Agenda Items:

1.  Extended time away from desk (Lunches, Workouts, Meetings, etc.)
2.  Key information being passed along regarding your shippers or operators (Imbalances, OBA's, PG&E re-alignment, etc.)
3.  Best way to keep all team members informed of special deals (E-mail, Voice mail, Common folder, etc.)
4.  Best way to pass all information from days to nights and nights to day.
5.  Adequate coverage when away from desk (Share the work load, Don't make the same people stay behind, Mix it up)
6.  Keep all Team Advisors informed. (John Buchanan, Terry Kowalke, Darrell Schoolcraft, and Gary Spraggins)
7.  Key to the above 6 items (Open line of communication)

 -----Original Message-----
From: 	Hernandez, Bert
Sent:	Monday, November 05, 2001 3:35 PM
To:	Kowalke, Terry; Giambrone, Laura; McEvoy, Christine; Miller, Beverly; Miller, Chris L; Minter, Tracy; Mulligan, Amy; Ward, Linda
Subject:	TEAM MEETING

A TW team meeting has been scheduled for Tuesday, November 6th from 3:00 to 3:30 in conference room 3907.  The agenda for the meeting is to discuss team issues.  If you have one, please bring it with you.  I will be covering the team during the meeting.

Bert


Latest version of potential buyers list.  I am continuing to update this
list.  I am still waiting for comments from Andy Kelemen.
Ben


- wagner recommendation.txt


---------------------- Forwarded by Monique Sanchez/HOU/ECT on 11/16/2000
12:26 PM ---------------------------

"Robert A. Parry, M.S., DABMP" <rparry@bcm.tmc.edu> on 11/16/2000 10:52:56 AM
To: "Jarrod \(Work\)" <Jarrod.Haughn@ey.com>, "Monique"
<Monique.Sanchez@enron.com>
cc:
Subject: Fw: Annual Aggie Happy Hour with the satan worshipers...

Sorry Enron people, didn't mean to  neglect you...
?
----- Original Message -----
From: Robert A. Parry, M.S.,  DABMP
To: Jared Mermis ; Sean ; Scott Woloson ; Rob  Boughton ; Matt ; Loftus & Lea
; John RM ; A. Stroh ; Danny Oliver  (Work)
Sent: Thursday, November 16, 2000 10:49 AM
Subject: Annual Aggie Happy Hour with the satan  worshipers...

is tonight at Sherlock's on Westheimer  (the original). Trip and his
shorthorn wife have informed me that we should go.  That's enough for me!
?
BTHOtu!


The purpose of this survey is to gather information regarding Enron,s current
employee and community services programs.  Your feedback is extremely
important. This survey may take at least 5 minutes.

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
1.  Launch by copying the link below into your browser, or
2.  If you continue to have technical difficulties, please send an email
message to human resources@enron.com. (Please leave the space between human
and resources).
3.  Please do not forward this link to anyone else, as it is unique for each
respondent.

http://etcsurvey.corp.enron.com/wi/p0537666/i.asp?r=10602&s=NAJQLRUX&l=9


Jeff, Gerry -

Below is data on Houston's office lease market which you may find of
interest.  The alternate to a "new" suburban lease is space Enron controls in
Three Allen Center, levels 38 and 39.  Our term runs through Dec. of '05,
with options to extend.

I will call to set a meeting and we can explore all options.  Thanks - Bill

---------------------- Forwarded by Bill Donovan/EPSC/HOU/ECT on 05/23/2000
08:06 AM ---------------------------

Lance McCarthy
05/22/2000 03:00 PM
To: Bill Donovan/EPSC/HOU/ECT@ECT
cc:
Subject: Real Estate Market Data

Bill-

The following is information of the EOTT transaction as well as general
market data on class "A" space in some of the Houston suburban markets:

EOTT:

Building: One Briarlake Plaza
  2000 West Sam Houston Parkway

Premises: 67,500 Rentable Square Feet

Annual Rate: Yrs 1-2 $24.00 PRSF
  Yr       3   $24.50 PRSF
  Yr       4 $25.00 PRSF
  Yr       5  $25.50 PRSF
  Yr       6 $26.00 PRSF

TI Allowance: $27.00 (This space was in shell condition upon delivery.)

Downtown Market: $25-$29 Rents with $10-$15 TI on a 5 year term - 3% vacancy

Greenway:  $21-$25 Rents with $10-$15 TI on a 5 year term - 7% vacancy

Galleria:  $22-$27 Rents with a $10-$20 TI on a 5 year term - 6% vacancy

Westchase:  $23-$29 Rents with a $10-$15 TI on a 5 year term - 15% vacancy

Greenspoint:  $22-$29 Rents with a $12-$17 TI on a 5 year term - 4% vacancy

Please do not hesitate to contact me with any questions.


Vince/Stinson,

I met with Rebecca McDonald, and introduced her to Mr. Sud on Saturday.

The meeting went on quite well, and Mr. Sud repeated the point he had made to
me regarding NTPC buying the power.  He did not ask for any consulting or
other contract, but said that he would try to help.

Rebecca seemed happy with the meeting, but I do not know whether she has a
plan in mind going forward.

I can give you more details of the meeting if anyone is interested.  I do
believe that Mr. Sud is well connected in India.

Regards,
Sandeep.


that was hilarious.  i can't believe peta did that.


Mike,
As you know, I have arranged for a meeting on December 6th among the Art
Committee and Jeff Skilling.  I feel that you should run this meeting.  I
would like to accomplish the following:

1) Discuss our Vision for the collection
2) Introduce Ned and Barry
3) Describe art locations in/outside the buildings
4) Discuss progress made to date and timetable
5) Discuss the process:  To what extent Jeff wants to be part of the
decision process going forward (i.e. is he comfortable approving our Vision
and having us implement? ...Or does he want veto power on each piece?)  The
latter would be cumbersome, and I personally would prefer the former, but we
definitely need clarification on this before we can proceed.
Questions right now for you:
1)   Would you like to invite Ken to join us in the meeting?
2) Ned cannot make it that day (first available day is Dec. 18th) so should
we postpone?  Barry is a "maybe".  Remember they are there to help us shape
a high quality collection and to make sure that we do not make any
purchasing "mistakes".
3) I have a first draft of the presentation, when can we meet to discuss it?
Following on our last meeting with Gensler, I am assembling a detailed list
of potential art locations by floor (including dimensions when possible) so
that we have a Master from which to work.  I will run it by Bonnie McCloud
and Bill Donovan to assure its accuracy.
Lastly, I have asked Bill Viola (the video artist for the work we are
considering) to come down to Houston to meet with us and with Gensler to
discuss where his piece might fit in the new building.  I have also placed a
call  Rob and Gregg at Pelli to let them know that I would like for them to
meet with a wonderful up and coming artist (Olafur Eliasson) who would like
to propose a "water piece" for the circular drive.  You will recall that
Pelli would very much like to have a water piece there.  Eliasson is very
well respected and innovative: He's created waterfalls that flow "up" and
wonderful minimal installation pieces that are quite beautiful.  I've asked
his gallery to let us know if he could meet with Pelli in Connecticut or in
Houston on their next trip.
Lastly, Enron has purchased the Alex Katz painting that is currently hanging
in 50M.  Please call me so I can brief you on how that happened.

I look forward to hearing from you soon.
Lea

 - Enron Art Collection Vision.doc


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 07/28/2000
04:14 PM ---------------------------

Melanie Strong
07/19/2000 09:25 AM
To: Judy Hernandez/HOU/ECT@ECT
cc:
Subject: Update on deals

Hello Judy!

 Thanks for getting those Royal Bank deals out to me.  I checked with Melinda
on the status of the J. Aron and Engage deals that we were still needing a
copy of.  We looked into the J. Aron deal NE4572.1 and it was flagged as
executed by Bob Bowen, and she was wondering if we will be requesting a copy
of the deal from J.Aron since we don't have a copy.  She was also wondering
if the status in TAGG will also be changed.  For the Engage deal NN3957.1 the
status shows that is was sent to c/p June 21/00.  Jeff Sorenson said that
there is a revision which he is currently doing, and we would need to ask him
to send us a confirm.  There was a confirm sent to Engage Canda and a error
letter was sent to Engage US.  Perhaps the status was never updated?  If you
could look into this for me I would greatly appreciate it.

Thanks again Judy

Melanie Strong
(403) 974-6935


We need to send the letter to these two people rather than Matt Quayle:

Bruno Cohen- Head of CNBC business news
Bruno.Cohen@nbc.com

David Friend - Executive Producer of Squawk Box
David.Friend@nbc.com


Dear Mr. Ray,

I regret to inform you that due to very heavy workload we cannot attend
the Power Systems Engineering Research Center's
upcoming Industrial Advisory Board meeting in Oak Brook.

Our  work load does not leave us much time to get involved
with PSERC at this moment. We would very much like to stay
in touch and plan to reconsider our decision in the second half of this year.

Vince Kaminski

"Dennis Ray" <djray@engr.wisc.edu> on 03/27/2001 04:46:44 PM
To: "Vince Kaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: PSERC Industrial Advisory Board Meeting Invitation

Mr. Kaminski,

Greetings. Bob Thomas, Shmuel Oren and I invite you to attend the Power
Systems Engineering Research Center's upcoming Industrial Advisory Board
meeting in Oak Brook, IL. It will be held on May 31 - June 1.

As you know from Lance and Alex, this is an opportunity to meet university
researchers and industrial members of PSERC. The meeting also has
presentations on PSERC activities and research projects, PSERC business
discussions, current topic discussions, and a tutorial. Our current topics
discussion will be on ISO/RTO issues, and will involve executives from
several ISOs in dialog with university researchers.

Please let me know if you have any questions. We hope to see you there so
that we can talk about any questions you might have about PSERC.

Dennis Ray, Ph.D.
Executive Director
Power Systems Engineering Research Center
608-265-3808

 - Directions.doc
 - IAB_Meeting_May2001.doc
 - IAB_Registration_Form.doc
 - PSERC Members.doc


I've got Tim Belden checking on this. His first reaction was that it sould be
confirmed. I'll let you know as soon as he gets back to me.

Thanks,
kate

Kimberly Hundl@ENRON
11/27/2000 02:34 PM
To: Monica Lande/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal #385852

I think this deal should have been entered as "no confirm."  Can you please
change it?  If I am wrong, please let me know.
Thanks!
Kim


Just because everyone's going on vacation for a few days doesn't mean the
HaasWeek Survivor Contest has ground to a halt.  Yes, HaasWeek is taking a
bit of a vacation - there will be no issue the Monday after Thanksgiving -
but the HW Survivor Contest polls are open for voting, and will be until
next Wednesday at 5:00pm.  There are only three contestants remaining, so
this is your next-to-last chance to influence one of the most critical
decisions the Haas community will face this year.  And there's still a
chance we'll have our Survivor before we know who's the next president of
the United States!

So go to www.haasweek.net and vote now!

Thanks,
HaasWeek

 - winmail.dat


Thanks for your help.

	Linda J Noske
	09/18/2000 05:52 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Re: Privileged & Confidential -- Verification

Richard,

I got the fax confirmation back that it went through.  I put it in your
in-box since you were with the interviewee.

Linda

	Richard B Sanders
	18/09/00 05:32 PM

		 To: Linda J Noske/HOU/ECT@ECT
		 cc:
		 Subject: Privileged & Confidential -- Verification

----- Forwarded by Richard B Sanders/HOU/ECT on 09/18/2000 05:32 PM -----

	"Caren S. Sweetland" <csweetland@Gibbs-Bruns.com>
	09/18/2000 05:25 PM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: Privileged & Confidential -- Verification

 <<#92332 v1 - Verification - Interrogatories.wpd>>

 - #92332 v1 - Verification - Interrogatories.wpd


-----Original Message-----
From: 	Brown, Elizabeth
Sent:	Thursday, November 08, 2001 9:31 AM
To:	Y'Barbo, Paul
Subject:	RE: PG&E contracts 25841 & 26511

Paul,

I reviewed the data in the CBS system as well as the contract folders in order to respond to your questions.  Here are my findings:
Information regarding delivery point volumes provided by TK are correct.
The requests for realignment on both contracts were effective 4/1/01 through the remaining term of the contracts.
There is a copy of the executed amendments in the respective contract folders and/or in Envision (K 25841 - amendment #66, K 26511 - amendment #34)
K 25841 has no language prohibiting PG&E ET-GC to realign during the term of the agreement
K 26511 does have language in a discount letter agreement dated 5/27/99 stating "Shipper shall have a one time option during the term of the discount agreement while retaining the discounted rate to change primary delivery point capacity to PG&E Topock, subject to the availability of capacity at such point."

If you have any questions, please let me know.  I'll give you a call with this information as well.

Thanks,
Elizabeth

 -----Original Message-----
From: 	Y'Barbo, Paul
Sent:	Tuesday, November 06, 2001 5:38 PM
To:	Brown, Elizabeth
Subject:	PG&E contracts 25841 & 26511

Elizabeth,

The original delivery points for these contracts were:

25841		40,000/d to Topock

26511		21,000/d to Needles

TK tells me that now the delivery points are:

25841		29,000/d to Topock
		11,000/d to Needles

26511		11,000/d to Topock
		10,000/d to Needles

Can you tell me if this is correct? If yes, will these delivery points and volumes be in effect until the end of the contract? Can they be changed again? Do we have paperwork documenting the change?

Craig Buehler told me that Dennis Lee x-3-7115 could be of assistance. Could you speak with him?

I will be out for the rest of the week. Please call me at 713 825-8046 when you figure this out.

Many Thanks,

Paul


We just changed the deal - it was input correctly, but the computer did not
change the time zones correctly. That's why we were off 25 MW. I'll let Duong
Luu know of the problem.

Thanks,
Kate

Kerri Thompson@ENRON
11/17/2000 12:39 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 458802

i was talking about the total mws, they have 23,775, we have 23,800.  i think
they entered the strips wrong.  can you pls check on that.

thanks

   Kate Symes @ ECT                11/17/2000 02:17 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: 458802

Mike confirmed with Natsource this was a 25MW deal with no broker fee.

Kerri Thompson@ENRON
11/17/2000 07:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 458802

the broker has 23,775 as total mws, and also has a fee of .0075.


Hello Team,

Now that we have sent for execution or executed close to 50 new agreements
and we have to refer back to these agreements and documents, it is all the
more important that we make sure that the administrative tasks we previously
discussed are in fact accomplished.    I suggest that we schedule a meeting
to make sure

(1) that, as per our previous discussions, Stephanie or whichever legal
assistant working on brokerage agreements are tracking the agreements sent
out and creating the brokerage agreement files once the Agreements are
executed.   Also, we want to make sure everyone knows where to go when you
need certain documents/where these files are located and what is supposed to
be in them.  (I think they were just moved from Samantha's desk to
Stephanie's desk, right?)

(2) I recommend that once we get the executed documents, we need a legal
assistant to record the account numbers and execution dates in lotus notes
when she receives the documents.

(3) Also, I want to make sure that we are keeping a file on Authorized Trader
announcements and changes.  I want to resuugest that the legal assistant also
needs to send some type of form letter to the pre-existing firms to give
notice when the list of authorized traders changes - this is critical,
especially now that there are so many accounts and so many changes.  Maybe we
can draft a form letter and have a template or something.  We should also
create a list of contact persons to whom such a list has to go to.

(4) Also, now that we have more another legal assistant, we should meet to
discuss how the assistant can "take back" some of the tasks I had taken on to
make life easier without such help - getting signatures, preapring the
documents, calling the counterparty etc.  This will free-up some much needed
time to review ISDA's, Confirms etc.

(5) Which legal assistants will work on what?

Sara may have additional topics, this is just some of immediate concern.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/


This attachment contains the specific speakers for each RTO week panel.  The panels will be broadcast on the internet, FYI.

GAC

-----Original Message-----
From: Tracey Bradley [mailto:tbradley@bracepatt.com]
Sent: Monday, October 08, 2001 9:34 AM
Cc: Andrea Settanni; Ronald Carroll
Subject: RTO Workshops

Attached is FERC's notice of the organization and agenda for RTO Week.


Hey,

I tried to call you.  I need Brandi's Work #, Home # and Social Security #.

E


Tana:
Here is the Enron Guaranty .  It is in my specproj/J Aron file named as Enron
Guaranty FINAl.

Carol


i was really tired this morning driving in, but i'm okay now.  are you
tired?
i had some really freaky dreams last night.  somethin about you makes me
restless when i'm trying to sleep.  what's up with that?
so you leave friday and come back in ten days?
you're gonna have so much fun.  i'm so jealous.
my ankle hurts.

Gerald.Nemec@enron.com on 11/13/2000 11:20:14 AM

To:   Mandy.Bowles@email.moore.com
cc:
Subject:  Re:

You are very welcome.  I too had a good time.  Are you a little tired
today?

                    Mandy.Bowles@email
                    .moore.com                To:
gerald.nemec@enron.com
                                              cc:
                    11/13/2000 08:42          Subject:
                    AM

hey, just wanted to say thanks for dinner last night since I hadn't told
ya.
i had a great time with you, as usual.
thanks.


When you change this to no confirm, please put a note in the comment section
about why we are not domfirming it, because it falls within our guidelines to
confirm and at somepoint, I will be asked why we did not confirm this deal.

Thanks!

   Kate Symes                02/23/2001 05:41 PM

To: Sharen Cason/HOU/ECT@ECT
cc:
Subject: Re: #529538

Deal should be no confirm. It was done by Stan Cocke in Services, and those
guys deal directly with their counterparty contacts. He thought he marked
this no confirm, but must have defaulted to confirm anyway. I'll change deal
as soon as risk is done with their calc.

Kate

	From:  Sharen Cason                           02/23/2001 01:59 PM

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

Subject: #529538

This deal does not have a contact.

Thanks!


Steve,

Please set up a spreadsheet for me with the following tickers:

Basis

NWPL RM  Cash, Oct (spot month), Nov-Mar, Apr -Oct
EP SJ  Cash, Oct (spot month), Nov-Mar, Apr -Oct
 SOCAL  Cash, Oct (spot month), Nov-Mar, Apr -Oct

Thanks,

Larry


The pricing information on the website is fine.

 -----Original Message-----
From: 	Imai, Rika
Sent:	Wednesday, July 18, 2001 2:59 PM
To:	Presto, Kevin M.
Subject:	FW: East power page

Please let me know if I can give him full access including the forward curves.

Rika
 -----Original Message-----
From: 	Zipper, Andy
Sent:	Wednesday, July 18, 2001 11:48 AM
To:	Imai, Rika
Subject:	East power page

Rika,

I am working on the Natural Gas derivatives desk. I would like access to all the individual modules in the east power fundamentals website. I particularly need the meta stock historical prices. Mike Symms told me that you were the person to speak to. I would appreciate any help you can give me. If you need a reference, please talk to Harry Arora.

Thanks,
Andy Zipper


Mike, Jeff's intent is not that you would interview, but that you would put
the hammer (so to speak!) on some of your people to sign up.

Have a good weekend!  SRS

	Enron North America Corp.

	From:  Mike McConnell @ ECT                           12/07/2000 05:39 PM

To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re: URGENT: Interviewer Request - Saturday, December 9

Jeff,

Sorry, I can't participate on Saturday.  I have serious commitments that I
can't break specifically on Saturday.  I know that we are short people and I
do take this process very seriously.

Mike

	Enron North America Corp.

	From:  Jeff Skilling @ ENRON                           12/07/2000 03:05 PM

Sent by: Sherri Sera@ENRON
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES
cc: Marcia Manarin/SA/Enron@Enron, Susan Skarness/HOU/ECT@ECT, Stacy
Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Kay Chapman/HOU/ECT@ECT, Molly
Bobrow/NA/Enron@Enron, Rosane Fabozzi/SA/Enron@Enron, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Nicki
Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Vanessa Groscrand/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Bobbie Power/Enron Communications@Enron Communications, Suzanne
Danz/Corp/Enron@ENRON, Peggy McCurley/HOU/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Fiona Stewart/LON/ECT@ECT, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie Schoppe/HOU/ECT@ECT,
Kimberly Hillis/HOU/ECT@ect, Jennifer Burns/HOU/ECT@ECT, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Kerry
Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES, Jennifer Adams/Enron
Communications@Enron Communications, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Kathryn
Greer/HOU/EES@EES, Mrudula Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda
Castillo/NA/Enron@Enron, Charlene Jackson/Corp/Enron@ENRON, Jana
Giovannini/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT
Subject: URGENT: Interviewer Request - Saturday, December 9

We are in urgent need of approximately 35 interviewers for this weekend's
Super Saturday recruiting, to which 105 analyst and associate candidates have
been invited.  You all realize the importance of these efforts, and I would
appreciate you encouraging members of your organization to participate this
weekend.

Details are as follows:

Date:  Saturday, December 9
Time:  7:45 a.m. Breakfast
  8:30 a.m. Interviews begin
  1:30 p.m. Decision meeting (no longer than 2 hours)
Contact: Shelly Jones, x30943

Thank you for your prompt attention to this matter.

Jeff


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/05/2000
08:20 AM ---------------------------

Vince J Kaminski
06/03/2000 02:19 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:

http://www.science-finance.fr/publications.html


Dear Council Member,

The December Calendar & Chronicle is online now. Please visit
http://www.cfr.org/member to read about upcoming projects, register for
meetings, and more.

You will need your password and User ID in order to log on to the members'
site.
If you have forgotten your passwords or would like to personalize them (ten
characters or fewer, please), just contact webmaster@cfr.org.

Wishing you all the best during the holidays,

April Palmerlee
Director of Communications
Council on Foreign Relations
58 East 68th Street
New York, NY  10021
Tel 212-434-9544
Fax 212-434-9832


per my voicemail
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 02/12/2000
08:17 AM ---------------------------

Richard B Sanders
01/26/2000 08:04 AM
To: Enron IT purchasing@enron
cc:
Subject: new laptop computer

What is the status of my upgrade request that was made 5 weeks ago?
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/26/2000
08:01 AM ---------------------------

Linda R Guinn
01/26/2000 07:21 AM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: new laptop computer

As requested.
---------------------- Forwarded by Linda R Guinn/HOU/ECT on 01/26/2000 07:19
AM ---------------------------

Linda R Guinn
12/20/99 10:05 AM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: new laptop computer

I submitted this on 12/15.
---------------------- Forwarded by Linda R Guinn/HOU/ECT on 12/20/99 10:04
AM ---------------------------

Linda R Guinn
12/15/99 12:00 PM
To: Enron IT Purchasing@Enron
cc:
Subject: new laptop computer

Richard Sanders, the litigation manager for ENA legal,  would like to upgrade
his laptop computer.  RC # is 0630.  Could you please order the latest
version?  Please also contact me with any questions you have.

Thank you.

Linda Guinn


Please post and circulate to the team.
----- Forwarded by Steven J Kean/NA/Enron on 09/27/2000 05:29 PM -----

	Robert Neustaedter@ENRON_DEVELOPMENT
	09/19/2000 11:44 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro@EES, James D Steffes@EES,
Mark Palmer/Corp/Enron@ENRON
		 cc: Harry Kingerski@EES
		 Subject: Natural Gas Price Increase

As discussed in last Friday's meeting on strategies related to higher energy
prices, Harry asked me to develop the attached projection of delivered gas
prices for this winter.

The projection is based upon EIA's monthly analysis of delivered gas prices
for residential, commercial and industrial customers for selected states
(Connecticut, Virginia, Illinois and Texas) for the 1999-2000 winter heating
season (Nov-Mar).  Assuming pipeline and LDC mark-ups remain constant, the
delivered prices were adjusted for the NYMEX Henry Hub projection of wellhead
prices for the 2000-2001 winter period.  A national projection is also
included.

Because the commodity portion of the gas bill for residential customers is a
smaller percent of the total bill compared to commercial and industrial
customers, the increase for residential customers will be less pronounced
than for commercial or industrial customers.  In addition, LDC purchased gas
cost mechanisms will moderate the effect of the price increase to some extent
because monthly price increases are averaged out over an extended period (12
months in some cases).  Furthermore, some state public utility commissions
(e.g. Connecticut) are conducting meetings with LDCs to discuss looking for
ways to lessen the impact of the projected increases. That being said, Nipsco
recently announced residential prices are expected to increase 50-60% this
winter over last winter (in line with the projection for Illinois).

If you are interested in a similar projection for other states, or have
comments with respect to the above let me know.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/28/2001
10:19 AM ---------------------------

mark.c.austin@us.andersen.com on 03/27/2001 04:27:54 PM
To: darron.c.giron@enron.com
cc: sharon.k.smith@us.arthurandersen.com
Subject: Originations Detail Request

Darron,

Could you please let me know the status on this information as soon as
possible?

Thanks,

Mark
---------------------- Forwarded by Mark C. Austin on 03/27/2001 04:14 PM
---------------------------

To:   darron.c.giron@enron.com
cc:   Sharon K. Smith@ANDERSEN WO, Kate E. Agnew@ANDERSEN WO, Jennifer
      Stevenson@ANDERSEN WO
Date: 03/14/2001 09:36 AM
From: Mark C. Austin, Houston, 237 / 5262
Subject:  Originations Detail Request

Darron,

As part of our monthly gas testing, could you please provide the deal ticket,
confirmation, and forwards detail for Deal #QT5176 orignated on 2/23/01 in the
GD-NEW book.  Please let me know if you have any questions or comments.

Best Regards,

Mark Austin
ext. 68680

*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If you
are not the addressee indicated in this message (or responsible for delivery
of
the message to such person), you may not copy or deliver this message to
anyone.
In such case, you should destroy this message and kindly notify the sender by
reply email. Please advise immediately if you or your employer does not
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to Internet email for messages of this kind.  Opinions, conclusions and other
information in this message that do not relate to the official business of my
firm shall be understood as neither given nor endorsed by it.


We will have the phones for this weekend for Enron Canada.  We will get the
phones at 6 on Friday (or thereabouts) and will have them till 6 on Sunday
morning (or thereaboot).  Same as before.  We need to update the calgary log
on explorer and the written log (in the white Canada binder) if there are any
rerates.  Please contact Bill Greenizian, John Zufferli or myself with
questions.

I will be in Las Vegas through Sunday but will be reachable on my cell at
503-887-3449 to answer any questions.

Thanks,
Bill


I am missing the following deals:

Jeff Richter-Amerex
Sell   American Electric Power  $525.00           SP 15           12/11/00-
12/11/00       50  on-peak     $.0075  fee

Sean Crandall/Dianna Scholtes- Amerex
Sell  Morgan Stanley Capital Group, Inc.    $2000.00      MID C
12/12/00- 12/31/00   25  on-peak   $.0075  fee

Matt Motley- Prebon
Sell Constellation   $525.00       Mid-C         Q1'01   25 mw on-peak
Sell Nevada Power   $200.00    PV  Q2'01 25 mw on-peak
Sell Nevada Power   $295.00  PV Q3'01   25 mw on-peak

Matt Motley- Amerex
I am missing two deals...I will send you details in a second.

Thanks!!


Hi,

The Evening MBA office will be closed on Thursday, November 22 and Friday,
November 23.

Happy Thanksgiving to you.

TJ


CALENDAR ENTRY:	APPOINTMENT

Description:
	 Staff Mtg. Conference room EB4102

Date:		7/30/2001
Time:		10:30 AM - 1:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Shelly, because he should have received this much sooner, we should hand
deliver the check as soon as we get it from AP if it is not done through
direct deposit.   If it is, then mailing the pay advice is ok.  Thanks.
Michelle

	Shelly Pierce@ENRON COMMUNICATIONS
	06/15/2000 01:13 PM

		 To: Carmen Chavira/HOU/ECT@ECT
		 cc: Michelle Cash/HOU/ECT@ECT
		 Subject: William Craig Falbaum - Vacation Payout

Carmen -

As discussed, please request an Accounts Payable Check for William Craig
Falbaum for his vacation balance as of the date of his termination which was
June 5, 2000.  We need to provide Craig this check (or pay advice if he had
direct deposit), as soon as possible.    Once you receive this check, please
mail to Craig at his home address, on the system, return receipt requested.
The address shown in the system should be listed in Bellaire.

Please let me know today when you expect to receive the check.  Also, could
you please follow-up with me after the check has been received and mailed.

Thank you so much for your assistance!  If you should have any questions,
please feel free to contact me.

Thanks,
Shelly
X57962


The attached document will be filed tomorrow in the subject proceeding.  This differs slightly from the draft copy sent to you yesterday in that the party filing the comments is now Enron Corp., not jointly ENA and EES.  Language was also added requesting that FERC require El Paso to solicit CD turnback and use any turnback to satisfy its existing contractual obligations.


FYI, another arrow in our quiver:

? Moody's has put California's credit rating under review for another
downgrade.  Sources report that Moody's, S&P, and MBIA have all informed
California that "the only way the state will improve its credit rating and
look better to investors is to get out of the power business and resolve the
undercollected."


Is this case still active? If so,what is the status?

Richard B Sanders
01/06/2000 04:19 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Another CGAS lawsuit

---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/06/2000
04:19 PM ---------------------------

Janet H Moore
12/03/99 10:32 AM
To: Richard B Sanders/HOU/ECT@ECT
cc: csandvick@velaw.com, Jay Boudreaux/HOU/ECT@ECT, Patrick
Johnson/HOU/ECT@ECT
Subject: Another CGAS lawsuit

Richard:  I'll just assume that you will call John Keller on this one.  Let
me know if you need my help
---------------------- Forwarded by Janet H Moore/HOU/ECT on 12/03/99 10:28
AM ---------------------------

"Keller, John K." <JKKeller@vssp.com> on 12/03/99 09:52:04 AM
To: Janet H Moore/HOU/ECT@ECT
cc:
Subject:

I have just learned of another lawsuit involving CGAS.  This had been
handled by Jud Scheaf and had been dormant for a long time, which is why
neither I nor anyone at the company knew about it.

This is somewhat confusing, so let me try to explain.  The style is
Kilbarger Construction vs Eastland Energy Group, et al.  In the Court of
Common Pleas of Muskingum County, Ohio  Case No. CH96-0311.

CGAS had a lease in Muskingum County.  Eastland Energy had a lease on an
adjoining tract.  Eastland approached CGAS about going together to drill a
well on a unit formed by the two leases.  CGAS agreed.  Eastland was
designated operator.  Eastland hired Kilbarger as the drilling contractor.
Kilbarger drilled the well and it was dry.  Eastland thought Kilbarger
negligently drilled the well, so Eastland only paid Kilbarger half the
drilling cost.  Kilbarger filed a mechanics lien and filed suit against
Eastland for the other half of the drilling costs (approximately $30,000)
and also joined CGAS because of the mechanics lien.  Kilbarger was not
seeking any monetary recovery from CGAS, and the lien is meaningless since
CGAS has since released its lease.  Thus, we have no pending claims from
Kilbarger.

However, in the same case Eastland and CGAS have a claim pending.  During
the drilling of the well, some of the contractors would not work for
Eastland since they did not know Eastland - a new, small producer.  Those
contractors therefore did the work on the well for CGAS, billed CGAS, CGAS
paid those contractors, and CGAS then invoiced Eastland.  Eastland did not
pay and therefore CGAS has a claim in this suit against Eastland for
$7,139.69.  No monetary claim has been made by Eastland against CGAS.

I just learned of this case and have taken over this file from Jud Scheaf.
There is a settlement conference scheduled for December 9 and this case is
set for trial on December 16.  I am hopeful this will be resolved before
trial.  If there are questions, please call.


----- Forwarded by Sara Shackleton/HOU/ECT on 09/22/2000 11:04 AM -----

	Office of the Chairman@ENRON
	04/07/2000 05:46 PM

		 To: All Enron Worldwide
		 cc:
		 Subject: Enron Net Works

	ENRON

It is becoming increasingly clear that the development of eCommerce will have
a significant and continuing impact on the conduct of business in a broad
array of industries.  Through EnronOnLine, Enron has quickly become a major
catalyst for the transition to the web in the gas and electric industries.
EnronOnLine has been an enormous success since its launch.  Since launch, we
have completed 67,043 transactions on line, with a total dollar value of over
$25 billion.  EnronOnLine is now the largest eCommerce site in the world.

We believe that the competitive success of EnronOnLine is due to one very
specific reason.  In addition to providing a web-based platform for
transactions, Enron acts as principal to provide direct liquidity to the
site.  We stand ready at all times, in any market conditions, to buy and sell
at the posted price.  This converts a &bulletin board8 (the more typical
eCommerce concept) into a true market.  There are very few, if any,
competitors that can provide this capability.

We are increasingly convinced that this competitive advantage can be
dramatically expanded to other products and other geographies.  If we are
correct, this could provide an enormous new opportunity for growth for Enron.

Accordingly, we are initiating a major new effort to capture this
opportunity.  Effective today we are creating a new business, Enron Net
Works, to pursue new market development opportunities in eCommerce across a
broad range of industries.  It is likely that this business will ultimately
be our fifth business segment, joining transmission & distribution,
wholesale, retail and broadband services.

Included in this business will be our entire IT and technology group along
with significant talent and resources in market making and finance.
Initially, North America will provide primary direct support for staff
services and back office, however, over time we will be requesting support
services from virtually all Enron units to ensure continued growth and
success.  To facilitate the combining of commercial capabilities with these
new eCommerce platforms, Enron Net Works will work closely with the merchant
functions of North America, Europe, South America, CALME, Asia and Broadband.

Enron Net Works will be headed by Greg Whalley, Chief Executive Officer; Mike
McConnell, Chief Operating Officer; and Jeff McMahon, Chief Commercial
Officer.  These individuals will comprise the Office of the Chairman for
Enron Net Works and remain on the Executive Committee of Enron Corp.
Replacing Greg Whalley as President and Chief Operating Officer of Enron
North America is Dave Delainey, who will also join Enron,s Executive
Committee.

Global Technology will remain intact but will now be a part of Enron Net
Works.  It will maintain all of the same businesses and services as it did as
an Enron global function.  Philippe Bibi will remain the Chief Technology
Officer for all of Enron Corp. and continues to be responsible for the
development of worldwide technology standards and platforms.

EnronOnLine, headed by Louise Kitchen, will also remain intact and will now
be a part of Enron Net Works.  The success of EnronOnLine enables us to
utilize this site as a model as we explore other markets. In addition, the
following individuals are included in Enron Net Works along with their
current eCommerce initiatives: Harry Arora, Public Financial Securities; Jay
Fitzgerald, New Markets Identification; Bruce Garner, Metals; and Greg Piper,
Pulp and Paper.

Over the next several weeks we will complete staffing and organizational
design and will provide full details on this exciting new business
opportunity.


The call reference below has been changed per Alan Comnes.
Please note, only the date and time have changed.
The Dial in # and the Pin # remain the same.

Date: TODAY, 22 MARCH 200
Time: 1:30pm Pacific / 3:30pm Central / 4:30pm Eastern
800#: 888/476-3757
Pin #: 538893

Pin # for Alan Comnes ONLY: 415939

---------------------- Forwarded by Lysa Akin/PDX/ECT on 03/22/2001 09:17 AM
---------------------------

Lysa Akin
03/21/2001 04:21 PM
To: Charles Yeung/HOU/ECT@ECT, Tom Briggs/NA/Enron@Enron, Mary
Hain/HOU/ECT@ECT
cc: Alan Comnes/PDX/ECT
Subject: Conference Call FRIDAY

Alan asked that I set a conference call to discuss Bingaman Bill on Energy
Legislation.

Details of the call are as follows:

Date: FRIDAY, 23 March 2001
Time: 1:00pm Pacific / 3:00pm Central / 4:00pm Eastern
800#: 888/476-3757
Pin #: 538893

Pin # for Alan Comnes ONLY: 415939

Please call Alan at 503/464-8129 if you have any questions.

Lysa Akin


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Tuesday, November  20, 2001
                                                                                (Trade Date of Monday, November  19, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $25.25	         $22.00	         $23.48	-    .85	          51,200
Comed	         $20.25	         $19.00	         $19.61	-    .71	           4,000
Entergy	         $18.00	         $16.00	         $17.20	-   2.49	          14,400
Nepool	         $33.00	         $33.00	         $33.00	-   2.27	             800
Palo Verde	         $18.00	         $14.25	         $15.66	-   1.85	           8,000
PJM-West	         $25.75	         $24.70	         $25.45	-    .14	          51,200
SP-15	         $18.50	         $17.00	         $17.49	-   2.43	           8,800
TVA	         $22.00	         $21.50	         $21.75	-    .30	          12,000

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
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To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com .
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Thanks Vince.  We will follow up with this LSU graduate.

Hope you are doing well.
Regards,
Lynn Dunphy

Vince J Kaminski
02/15/2000 08:53 AM
To: Lynn Dunphy/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Enron Opportunities

Lynn,

I am forwarding you the resume of a very bright and motivated young man
who attended a lecture I gave recently at LSU.

I think we should consider him for an analyst position.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2000
08:52 AM ---------------------------

"Richard C. Iles" <riles@ultracomputer.com> on 09/14/2000 11:14:56 AM
Please respond to "Richard C. Iles" <riles@ultracomputer.com>
To: <vkamins@enron.com>
cc:
Subject: Enron Opportunities

Dr. Kaminski:
?
Here is my resume and cover letter.
?
Thanks,
?
Richard Iles
 - Enron Cover and Resume.doc


Dear Alumni,

Please see Analyst opportunity with Candle Corporation in
El Segundo, CA.  If interested please respond to Sherri
Bliss.  Contact information listed directly below.

Thank you,
Lorie

==============================================
Sherri Bliss, Recruiter (not an alumnus)
     Candle Corporation
     201 N. Douglas Avenue, El Segundo, CA 90245
     same as above
     (310) 727-4095 (phone)
     sherri_bliss@candle.com
     (310) 727-7050 (fax)

 Candle Corporation is one of the world's largest independent global software
 and services companies. Operating in 59 countries, Candle develops and markets
 more than 200 products and services that enable companies to create,
 integrate, manage and measure the effectiveness of their e-businesses. Candle
 is a recognized leader in solutions, providing the speed and agility mandatory
 for success in the e-business world.

 Job Description : Analyst

 Perform periodic reporting and analysis; long-range and annual planning;
 variance analysis, providing key financial and analytical support to assigned
 business unit/department; ad-hoc reporting and analysis; expense forecasting;
 financial modeling; and providing assistance and support to team members as
 needed. Other responsibilities include competitive analysis, business
 modeling, business unit profitability analysis and executive management
 presentations.
 Required Skills
 Ability to integrate high-level computing skills (particularly with Microsoft
 Excel and Access) with solid understanding of business strategy and
 operations. Detail-oriented. Ability to handle multiple tasks. Minimum of
 three years' experience in planning and analysis with ability to work
 independently and as team member. Bachelors degree in
finance/accounting; MBA. Hyperion and/or PeopleSoft
preferred.

     1+ Years of Post-MBA Experience
     Position located in El Segundo

_________________________________________________
MBA Career Management Center
The Anderson School at UCLA
Entrepreneurs Hall, C201
Phone: (310) 825-3325
Email: career.management.center@anderson.ucla.edu
Web: http://www.anderson.ucla.edu


them just jokes

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Friday, November 02, 2001 10:37 AM
To:	Lenhart, Matthew
Subject:	RE: Happy Hour

don't even start down that road. I really can't take it right now.

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Friday, November 02, 2001 10:36 AM
To:	Gillette, Lisa; Bass, Eric; Husser, Shanna; Blanchard, Timothy; Hull, Bryan; Landry, Chad; 'mmmarcantel@equiva.com'; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'
Cc:	Schultea, Adriane; Scott, Susan M.; Taylor, Sarah; Simpson, Yvette; Alon, Heather; Ferrara, Julie
Subject:	RE: Happy Hour

you don't know what that means?  where did you grow up? india?

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Friday, November 02, 2001 10:32 AM
To:	Lenhart, Matthew; Bass, Eric; Husser, Shanna; Blanchard, Timothy; Hull, Bryan; Landry, Chad; 'mmmarcantel@equiva.com'; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'
Cc:	Schultea, Adriane; Scott, Susan M.; Taylor, Sarah; Simpson, Yvette; Alon, Heather; Ferrara, Julie
Subject:	RE: Happy Hour

boob out? should I be embarrassed that I haven't the slightest idea what that means?

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Friday, November 02, 2001 10:31 AM
To:	Gillette, Lisa; Bass, Eric; Husser, Shanna; Blanchard, Timothy; Hull, Bryan; Landry, Chad; 'mmmarcantel@equiva.com'; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'
Cc:	Schultea, Adriane; Scott, Susan M.; Taylor, Sarah; Simpson, Yvette; Alon, Heather; Ferrara, Julie
Subject:	RE: Happy Hour

i am not going unless lisa promises to get all wasted and boob out.

 -----Original Message-----
From: 	Gillette, Lisa
Sent:	Friday, November 02, 2001 10:29 AM
To:	Bass, Eric; Husser, Shanna; Blanchard, Timothy; Hull, Bryan; Lenhart, Matthew; Landry, Chad; 'mmmarcantel@equiva.com'; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'
Cc:	Schultea, Adriane; Scott, Susan M.; Taylor, Sarah; Simpson, Yvette; Alon, Heather; Ferrara, Julie
Subject:	RE: Happy Hour

I definitely could use a drink, actually a couple would probably do better.

Bryan, you're in, right?
 -----Original Message-----
From: 	Bass, Eric
Sent:	Friday, November 02, 2001 10:08 AM
To:	Husser, Shanna; Blanchard, Timothy; Hull, Bryan; Lenhart, Matthew; Landry, Chad; 'mmmarcantel@equiva.com'; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'; Gillette, Lisa
Subject:	Happy Hour

Anybody up for happy hour after work?  I was thinking Kenneally's at around 5.

Let me know


what girl?  andrea?  we will probably get together next week.


Here's all my trip information.  Do I need to highlight how long the flight
is so you'll know when to come pick me up??  How's your day going?  Mine's
really quiet.  In fact everything went so smoothly this morning that it made
me nervous.

---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 01/25/2001
10:09 AM ---------------------------
From: Lynn Pikofsky@ENRON on 01/23/2001 05:40 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: itinerary

Robin,
Here is your information.  Please let me know if you have any questions

Lynn

----- Forwarded by Lynn Pikofsky/Corp/Enron on 01/23/2001 05:40 PM -----

	steve hanner <shanner.vitoltvl@us.amadeusmail.com>
	01/23/2001 05:36 PM

		 To: LYNN.PIKOFSKY@ENRON.COM
		 cc:
		 Subject:

                                                   SALES AGT: SH/X3YO36

                                          RODRIGUE/ROBIN

  ENRON NORTH AMERICA
  150 N MICHIGAN STE 3610
  CHICAGO IL 60601
  ATTN LYNN

  DATE:  JAN 23 2001                   ENRONCHI

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  25JAN HOUSTON TX     CHICAGO IL     653P    925P
CO 1114    K          THU   G.BUSH INTERCO O*HARE INTL
                            TERMINAL C     TERMINAL 2
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         2:32 DURATION
                  AIRCRAFT: BOEING 757-200/300
                            SEAT 16A NO SMOKING CONFIRMED RODRIGUE/ROBIN

MISCELLANEOUS         25JAN CHICAGO IL
                      THU   METROPOLITAN CONFIRMED FOR PICK-UP
                            UPON ARRIVAL AT OHARE
                            PHONE 800 437-1700

HOTEL                 25JAN THE DRAKE CHICAGO
                      29JAN 140 EAST WALTON PLACE
                            CHICAGO, IL 60611
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-312 787 2200
                            FAX: 1-312 787 1431
                            CONFIRMATION: 3118346006
                            REFERENCE: A0AA1A
                            SINGLE ROOM QUEEN SIZE BED
                            RATE: *** USD 126.00 PER NIGHT
                            DEPOSIT GIVEN
                            NON SMOKING KING

CONTINENTAL AIRLINES  29JAN CHICAGO IL     HOUSTON TX     610P    845P
CO 1107    K          MON   O*HARE INTL    G.BUSH INTERCO
                            TERMINAL 2     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         2:35 DURATION
                  AIRCRAFT: BOEING 737-500
                            SEAT 10A NO SMOKING CONFIRMED RODRIGUE/ROBIN

      AIR FARE 500.47       TAX 46.03           TOTAL USD         546.50
                                            AIR TOTAL USD         546.50

                                        INVOICE TOTAL USD         546.50

PAYMENT: CCAX378529533782001/0302/A000021

RESERVATION NUMBER(S)  CO/JLQ4R5

RODRIGUE/ROBIN                           TICKET:CO/ETKT 005 7022024100

***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
                  THANK YOU FOR CALLING VITOL TRAVEL

VITOL TRAVEL
1100 LOUISIANA SUITE 3230
HOUSTON TX 77002
713 759-1444


Dear Sir's

Vessel sailed from Algeciras 2nd. 0600lt (0400utc)
Eta Port Said 6th. 1600hrs. lt.

Statement of fact - Algeciras.

30th. Apr. 0542lt: Voyage interrupted. ROB Fo 2893mt. Go 153mt.
           0730lt: Drop anchor OPL Algeciras.
           0750lt: Well anchored, FWE.
           0858lt: Bunkerbarge "V.B.Veronica" alongside.
           0954lt: Bunkerbarge, all fast.
           1036lt: Bunkerhose connected.
           1130lt: Commence bunkering HFO.
           1806lt: Compl. bunkering, rec. 2300mt.
           1835lt: Bunker hose off.
           1930lt: Bunkerbarge off.

02nd. May  0420lt: Engine tested.
           0423lt: Commence heaving on anchor.
           0435lt: Anchor aweight.
           0600lt: Cont. sea voyage. ROB Fo 5173mt. Go 128mt.

Brgds Oe. Hansen
Master

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+874 330853910
Fax   : Inmarsat fax no.+874 330853913
Telex : Inmarsat B telex no.+584 330853915
Telex : Inmarsat C telex no.+584 430853910 (24hrs.watch)


Sorry for the spam.
?
If you are interested in taking a student-organized  speaker-series class,
"Doing Business in Asia", please hit reply.
?
I would like to see if there is sufficient demand -  this class will most
likely be held on Tuesday nights, 6-8, all speakers on  topics related to
doing business in China, Japan, Taiwan, Korea, etc. and will  not conflict
with the Asia IT class.?
?
Will be a 1unit, minimum requirement, fun  class.? If there is enough demand,
we will announce officially very soon  and you can still enroll when you get
back from your winter break  destinations!
?
Thanks,
?
Tomoko
?
P.S.
If you are interested in helping organize the  class, please let me know as
well.
=====
YAMABE Tomoko
yamabe@haas.berkeley.edu


Stephen,  We will revise the termination date to be May 27, 2002.

 -----Original Message-----
From: 	"Williams, Stephen" <SWilliams@reliant.com>@ENRON
Sent:	Monday, November 26, 2001 9:50 AM
To:	Nemec, Gerald
Subject:	RE: Final Docs.

one quick comment on the gnty, it terminates on May 20,2002 and that
will be a little shy of the 180 days we need.  Please let me know if
fixing this is a problem. Thanks

-----Original Message-----
From: Nemec, Gerald [mailto:Gerald.Nemec@enron.com]
Sent: Wednesday, November 21, 2001 4:46 PM
To: Williams, Stephen
Subject: FW: Final Docs.

Resending.  Thanks.

>  -----Original Message-----
> From: 	Nemec, Gerald
> Sent:	Wednesday, November 21, 2001 4:08 PM
> To:	'swilliams@reliantenergy.com'
> Cc:	Mrha, Jean; 'kbradley@reliantenergy.com'
> Subject:	Final Docs.
>
> Attached are the documents we discussed.  I have a attached a clean
> and redline version of the Act of Sale, compared against the prior
> version we sent.  Upon your final approval, we will prepare
> executables.
>
>  <<Act of Sale - Clean Draft 5- Reliant(redline).DOC>>  <<Act of Sale
> - Clean Draft 5- Reliant.DOC>>  <<Post closing Survey Price
> Adjustment.doc>>  <<boardresolution02.doc>>

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


I see your point that the put should be higher up on the list.  In my
opinion, this will be the biggest issue with ABB.

From: Eric LeDain@ECT on 07/14/2000 09:25 PM MDT
To: Greg Johnston/CAL/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Kay
Mann/Corp/Enron@Enron
cc:

Subject: Moore - changes needed to ABB contract

I think the put to ABB should be at $3 MM US and the term 6 months from
agreement execution, as a first cut.  Let's put this higher in the list
(right after the cost items).
The "law" items probably need cleaning up as you suggest Kay - the first
dealt with overall Cdn laws and statutes, the second to specs and standards
and local laws.
The force majeure item (11) should just say that costs for handling through
storage due to FM shall be at the cost of Seller, if Seller is claiming
party.

---------------------- Forwarded by Eric LeDain/CAL/ECT on 07/14/2000 09:16
PM ---------------------------

	From:  Kay Mann @ ENRON                           07/14/2000 04:33 PM

To: Eric LeDain/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Laura
Luce/Corp/Enron@Enron, Fred Mitro/HOU/ECT@ECT, Rusty
Stevens/Corp/Enron@ENRON, Gregg Penman/Corp/Enron@Enron, Thomas
Suffield/Corp/Enron@ENRON
cc:
Subject: Moore - changes needed to ABB contract

I've made a rough stab at an exhibit to capture the changes which are
necessary for the ABB contract.  Please comment on the attached, suggest
changes, etc.

I will add a rep. or condition about receiving all the change orders, etc,

FYI, I will be working on this over the weekend, should you care to comment.

Kay


Attached is the Annex B to be used for all future financial transactions between ENA and the referenced counterparty.  Let me know if you have any questions or need anything else.

Marie


I changed the counterparty name in Tagg

DG

From:  Lesli Campbell
    07/28/2000 02:44 PM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Deal # ND7827

Darron,

 Could you please make sure that this deal was really done with Dynegy Eenrgy
Resources, Limited in EOL.  We think it should have been done at Dynegy
Marketing and Trade.

Thanks

Lesli
Enron Corp Trade Credit
3/5983


Is this your final version?  If not, we need the final so we can get fundies to set up the updates.

 -----Original Message-----
From: 	Fuller, Dave
Sent:	Thursday, October 25, 2001 2:33 PM
To:	Whitt, Mark
Subject:	Fundies

 << File: PNW-Fundies.ppt >>


---------------------- Forwarded by Shawna Flynn/HOU/ECT on 07/28/99 03:00 PM
---------------------------

Shawna Flynn
07/02/99 12:05 PM
To: Joe A Casas/HOU/ECT@ECT
cc:
Subject:

Hey Joe- This is the GTC to use with all Spot Deals with Houston Pipe Line
Company. Please take out the space between Section 2.3 and 3.  Let me know
what you think? sf


Start Date: 10/5/01; HourAhead hour: 15;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100515.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_BLACK
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_EPE2
  ENGY_TYPE: NFRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ORANGE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_WHITE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 15 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_GREEN
  ENGY_TYPE: WHEEL


Please add to your list of credit sheets, Reliant Energy Services LTD.

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


Jeff, Give me a buzz if you can ... Alan 503-464-8129


I will be out of the office tomorrow, Dec. 6.  Dana will be here to assist
you with any questions/help.

Rufino


Thanks, I spoke with her today and will send her a draft.

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


I'm available on the 8th


Start Date: 1/20/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012011.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


-----Original Message-----
From: Rand M. Curtiss [mailto:randmcurtiss@juno.com]
Sent: Thursday, August 24, 2000 10:15 AM
To: barbara.rayner@ey.com; jfrizzell@gibbs-bruns.com;
mtimberlake@worldnet.att.net; Scollings@gibbs-bruns.com;
thill@mcfallglidden.com
Subject: Appraisers' conference call results and next steps

Barbara Rayner and her team, Marlene Timberlake and her team (except for
Malcolm, who was unfortunately not available) and Randy teleconferenced
this morning as scheduled.  Here is what resulted:

1. We all think we can have values ready by Friday 8/31, but not full
reports which explain how we got to them and which are in formats
suitable for submission.  We need perhaps another week (but not a great
deal longer) to have suitable reports completed.  We believe this will
not be too much of a problem, based on Barbara's and Marlene's
discussions with respective counsels.

2. We all appear to be missing financial statements for Beal's Town car
for the year 1997.  Could Scarlett see if they are available and get them
to us?

3. There was minor confusion regarding Call Center as to which financial
forecast should be used.  There are at least three, but they are not
appreciably different.  Rand used the forecast accompanying the DASH.
Scarlett might want to double check to see which one is appropriate, if
this can be determined.  Not a major issue.

3. With regard to Tim's letter of 8/16 and Scarlett's response on 8/18:

A. None of us were influenced in any way by the Enron valuation numbers
submitted along with the Enron materials.  We are each preparing an
independent opinion.

B. On the Call Center interest, we will all address the issue of the
warrants: Rand pointed out that the warrants did not all vest
immediately, and that the 95.58% ownership assumption would incorrectly
reflect this.  I believe we all agreed that 82.3% is the proper ownership
interest as of 9/5/99, subject to revisiting the issue independently.

C. Everyone is treating Cynet as a separate item.  We all agree that
there is a legal issue as to whether an investment was made as of the
valuation date.  That is not an appraisal issue.

D. On the final accounting and the formula calculations, we would all
like the attorneys to explain to us exactly how these are to be treated.
Rand in particular is unclear as to how the final calculation should be
done.  We can discuss this at our Monday conference call, which Rand will
set up (through AT&T: they will call each of us) at 2:00 P.M. eastern
time, 1:00 Dallas.

4. We were unanimous in deciding that now is not the right time to share
results for several reasons:

A. We do not want to do anything that would contravene the Partnership
Agreement which might cause all of our good work (editorial comment!) to
be tossed out.
B. Sharing of "numbers only" results without final reports giving their
rationales is useless.
C. If we were to share "everything but the conclusions" now, we might
waste a great deal of time and money on minutiae, irrelevant things, or
arguments about issues on which appraisers can have legitimate
differences of opinion.

We propose instead the following:

A. We will each prepare reports and submit them as soon as possible
(relative to the 8/31 goal) as planned.  We will each submit full reports
that detail how we developed our conclusions, as well as what they are.

B. Counsels can then decide what they would like to do.  If they wish to
accept our reports and proceed, we are done.  If counsels agree
alternatively that they would like the appraisers to exchange reports, we
are equally amenable to that.  Each of us could then read the other
reports and (assuming counsels authorize this) reconsider our own
conclusions and revise them (if warranted) and/or comment on the others
in a constructive manner.  Again, we do not want to do anything that
would jeopardize the validity of what we have accomplished so far, but we
all want to cooperate to get this matter resolved.

I will talk with you all on Monday afternoon.

Rand M. Curtiss, FIBA, MCBA, ASA, ASA
Loveman-Curtiss e-Values Your Business
Vox 216-831-1795 Fax 216-292-6887
www.curtiss.com   www.businessval.com
Headquarters of the American Business Appraisers National Network


The models reflects 10 years on the revenue forecast.  The DASH reflects
Mitch's changes from Wednesday.  We will talk later.

Issues to consider:
1)  Payback year shifts back to 3 years from 2.5 years when considering taxes
and dep.
2)  IRR increases from 27% to 29% with 10 yr forecast
3)  Balance sheet still out of balance


The report named: CE P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=4&report_name=CE+P/L&category_cd=3&category_name=CENTRAL&toc_hide=1&sTV1=3&TV1Exp=Y&current_efct_date=10/15/2001>, published as of 10/15/2001 is now available for viewing on the website.


Steve,

Please find attached the Self Evaluation of Alfredo Bottomed.

Dave


I want to make sure the info is protected and if legal and regulatory are comfortable, then I am.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Friday, October 19, 2001 1:34 PM
To:	Presto, Kevin M.
Subject:	Entergy PTB

Kevin,

I spoke with the lawyer representing Entergy, and he indicated that their intention is to provide redacted bid information to the PUC under a protective order.  Excluded from their submittal will be any identifying information about each of the bidders. Their lawyer said that Enron's bid sheet (without identifying info) and contract comments (with no identifying info) would be submitted. Obviously, pricing info will be included.  In order to acquire the filed information, someone must qualify as a "Party" and must agree to be bound by the terms of the protective order.  Heather tells me Christi Nicolay was looking into the definition of "Party".  I do not know if our competitors could qualify as Parties, but if they do, then common sense tells me that we should, too. At this point we should assume that they will get the redacted information.

Seems like Entergy is doing what they can to protect the info, and our only choice I can think of would be to withdraw our bid.  Heather tells me we want to go forward.

Please let me know if you have any questions.

Kay


Brent will be out this afternoon beginning around 2:00 p.m. to take his son
to the doctor.  Depending on how long that takes, he may not make it back
into the office.  Brent will be available via cell phone if you need to reach
him.

Also,  please make a note that Brent will be out on vacation the following
days:
1/2 day (p.m.) Thursday, May 17
1/2 day (p.m.) Friday, May 18
all day  Friday, May 25th


Lloyd,

I would like Ricardo and I to sit down with Kevin and go over how our PJM
load forecast model works. I want to use it, or a version of it, for day to
day sensitivity analysis. I haven't met Kevin yet so if you could mention
this to him I would appreciate it. I would also like to sit down with you
some time this week to talk about PJM fundamentals and co-ordinating our
analytical efforts. I want to get a feel for what we have done and set some
goals as to what needs to be done. Let me know if one afternoon this week
works for you.

Thanx,

Chris Dorland


We do not have any executed docs to send to Morgan Stanley to open the
account.  Lauren is awaiting signatures.  Ted Murphy is the only signature
required  outside the India group.  Morgan will open the account with faxed
signatures.  Did Anthony ever give you an account number?  Sara


Please take a few minutes to complete this confidential travel survey, as your input is important and vital to the success of the overall travel program for Enron.

Thank you,
Global Strategic Sourcing

http://etcsurvey.corp.enron.com/wi/p0714726/i.asp?r=5811&s=KXVCPQNJ&l=9

Experiencing technical problems?  If this link does not automatically launch the questionnaire:
1.  Launch by copying the link above into your browser, or
2.  If you continue to have technical difficulties, please send an email message to confirmit@enron.com
3.  Please do not forward this link to anyone else, as the responses should remain confidential.


Attached is a clean and blacklined draft of the Schedule reflecting your
insert.  I think it is our intention to just insert the revised page into the
agreement.

	"Ross, Tracy " <TRACY.ROSS@ROYALBANK.COM>
	09/29/2000 08:12 AM

		 To: "'rick.borden@macleoddixon.com'" <rick.borden@macleoddixon.com>,
"'sara.shackleton@enron.com'" <sara.shackleton@enron.com>,
"'tana.jones@enron.com'" <tana.jones@enron.com>, "'greg.johnston@enron.com'"
<greg.johnston@enron.com>
		 cc: "Fleming, Blair " <BLAIR.FLEMING@ROYALBANK.COM>, "Haist, Karen"
<KAREN.HAIST@RBCDS.COM>
		 Subject: CSA language

Attached is the language that is necessary to make sure the CSA is one way.?
As it now stands, it is still a 2 way CSA.

 <<CSA Rider.doc>>

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File -

This email may be privileged and confidential.?
Any dissemination or use of this information by a person other than the
intended recipient(s) is unauthorized.? If you receive this in error, please
advise me immediately.

 - CSA Rider.doc


----- Forwarded by Jeff Dasovich/NA/Enron on 12/12/2000 11:02 AM -----

	Alan Comnes@ECT
	12/06/2000 03:44 PM

		 To: jdasovich@enron.com
		 cc:
		 Subject: Follow Up on Payment for Power Delivered to Curtailed Load

Jeff,

Please pass this note onto whomever on the call asked the question "what
would Enron be paid if there was an electricity curtailment?"

I talked with staff on the West Desk and confirmed that if there is an
unscheduled electricity curtailment (i.e., rolling or widespread blackout)
power scheduled by EES to a retail customer would still flow, assuming it had
been prescheduled.  EPMI (acting as EES's scheduling coordinator, or SC)
would be paid the ISO decremental  (dec) price for that power.  EPMI would
pass that revenue (along with the cost of supplying that power) onto EES.

If the blackout continued for some time (i.e., days), presumably EES would
adjust its preschedule and there would be no net sales into the ISO.

Whether the retail customer gets a payment for being curtailed depends
completely on the contract between EES and the customer.  Presumably the
force majure provisions of the contract would protect EES from utility
blackouts.

Alan Comnes


Internet Service is now available for ordering! ?As a Pilot 3 Invitee of the
ClickAtHome program, you can now order your PC and Broadband Internet Service
through the ClickAtHome Pilot website, which may be accessed at
http://clickathomepilot.enron.com (launch through Internet Explorer only). ?
All Pilot participants are encouraged to place their PC order by January
25th.

Many of our Internet Service vendors are ready to begin providing service to
you today, while all vendors will be ready by late February. ? The
ClickAtHome Internet Service Providers whom are currently available for
internet service are:
?

Time-Warner in Houston, (cable modem)
Kingwood Cable, (cable modem)
AT&T - Portland. ?(cable modem)

MSN, providing both dial-up and DSL service nationwide, and Cox Cable -
Omaha, providing cable modem service, ?will be available in late February.
?We will provide further communication as soon as MSN and Cox Cable - Omaha
orders can be placed. We appreciate your patience in advance.

To pre-qualify and sign up for service in your area today with Time Warner
Houston, Kingwood Cable or AT&T- Portland, refer to
http://clickathomepilot.enron.com for specific provider information and
instructions on how to place your order. ?If you have problems launching the
site, please copy and paste http://clickathomepilot.enron.com directly into
Internet Explorer.

The ClickAtHome Team is excited to bring you these options.

ClickAtHome Team


Susan,  Attached the revised net book value letters.  The numbers have
increased. Also they are now specified quarterly.


You can take me off of the email distribution for FX exposures also.  Thanks.


-----Original Message-----
From: 	Legal - James Derrick Jr.
Sent:	Friday, January 25, 2002 4:01 PM
To:	DL-GA-all_enron_worldwide1
Subject:	Subpoena Response Team

David Grant has assembled a team to work on gathering documents in response to the numerous subpoenas the company is receiving from Congress, the SEC and the Department of Justice. Please cooperate with the team if they need your assistance.  If you have any questions, please call David Grant at 3-6239.


Thanks, we are in bounds for the moment.  Rick


http://news.bbc.co.uk/hi/english/world/letter_from_america/newsid_708000/70817
3.stm


Do you happen to know Gretchen Jennings?  How long do you suggest I wait to
call her?  I don't believe in waiting too long.

----- Original Message -----
From: <Tana.Jones@enron.com>
To: <pyoung@pdq.net>
Sent: Tuesday, May 02, 2000 1:23 PM
Subject: Re: COORD ADMIN

>
> You are the one!  I hope everything works out, keep me posted and let me
> know if there's anything I can do to help!
>
>


I ran into Joe this morning.  In making small talk, he said he hadn't the opportunity to get back to you yet.  He assumed you were calling about RTOs.  I said that was correct.  He said (don't shoot the messenger) we ought to be patient, he wants to get to the same place we do.  He said he'd be in touch soon.


Mike,

Hope you found a great place to live. It is ridiculous how expensive flats
are in London. Thank god your making pounds now.

Tahoe was too much traveling for that short of a stay.  Good weather, good
friends, beautiful scenery, all right snowboarding, shitty food, cheesy
casinos and too much time in fucking airports. That about summarizes the
weekend.

Laird is doing fine. Things have been relatively slow and the market is very
choppy. I've been pretty quiet. No major axes to grind. Just trying to look
for the next big trade and keep from getting my head ripped off on EOL.

You have to go out for Middle Eastern food. Go to The Lebanese Restaurant. I
think it is on Oxford street but I'll find out for sure. Also try Ranoush
Juice for a falafel.

Good luck and keep in touch!

Chris


Enron employees may find the current circumstances stressful.  We want to remind you that Enron's Employee Assistance Program (EAP) is still available and currently offering services to assist you and your family.

Group Discussions
Beginning this week, Enron's EAP provider, Innovative Resources Group, will be facilitating group discussions for employees who are interested in attending. These sessions are designed to address the challenges employees may be facing and to suggest ways to minimize the impact of stress on employees and their families. These sessions will be held on Wednesday, January 30 and Thursday, January 31 at the following times in EB32C2:

	9:00 am -- 10:00 am
	11:00 am -- 12:00 pm
	1:30  pm --  2:30 pm
	3:30 pm --   4:30 pm

No advance registration is necessary -- simply come to EB32C2 at the scheduled day and time that is most convenient for you.

Onsite Confidential Counseling / 24 Hour Hotline
EAP Counselors are available for individual, confidential appointments onsite in the Enron Building or at a variety of neighborhood locations.  Counselors are also available via telephone 24 hours a day, seven days a week for Enron employees in all locations.  The EAP counseling service is provided at no cost to employees and their family members.  To schedule an appointment or speak with a counselor, please call the onsite office at 713-853-6057 or the 24-hour number at 1-800-345-1391.

Informational Brochures
Additional information about EAP programs will be available in the Body Shop, the Health Center on the third floor of Enron Center North and soon in the common kitchen areas on all floors of the Enron Buildings.

Websites
The following links may also provide helpful information:
www.stress.org -- This is the website of the American Institute of Stress. The site provides general information on stress management and links to other related sites.
www.wellnessjunction.com -- This website has been developed by Health Resources Publishing and provides targeted information on trends in wellness and health promotion.


Dear Trading and Risk Exec: I've attached the premier issue of our newest
publication covering the traded energy markets-- The Risk Desk --sister
publication to our leading weekly, The Desk. The attached issue (a PDF file)
is of course free and has zero obligation.
The publication was created in response from readers like you, who requested
a less dense, more upbeat and generally more readable publication dedicated
to original news, analysis, and commentary on price, credit, operational and
market risk management in the evolving energy trading space.
And, because you're either a current or recent subscriber to one of our other
publications, we're offering you a very special charter rate to our new
publication -- that is if you contact us before May 27th. Contact us in the
next 30 days and subscribe to a full year of The Risk Desk for only $199!!
After May 27, we will of course ratchet up the price, good capitalists that
we are.
But for now, enjoy your free, no-obligation issue to The Risk Desk. We look
forward to hearing from you, soon.
Regards,
John Sodergreen

John Sodergreen
Editor-in-Chief
Scudder Publishing Group, LLC
ph: 410/923-0688
fax: 410/923-0667
johns@scudderpublishing.com
The Desk, The Risk Desk, Power Executive
The Bandwidth Desk, Energy eBusiness
 - April27.01Risk.pdf


From the office of Dave Neubauer:

Northern,s Commercial Group (Marketing) responsible for revenue related to
Northern has recently undergone a number of organizational changes that will
affect Marketing, Market Services, Business Services (Mike McGowan,s Team),
and Finance.  These changes are being made in an effort to accomplish the
following:

Use technology from Revenue/Information Management to provide better data to
dealmakers using fewer staff.
Develop a closer tie between Marketing and Market Services in an effort to
speed contracting and the recovery of various disputed receivables.
Centralize the decision making and accountability for key accounts and Plan
revenue.
Align Marketing analysis functions with Finance.

As a result, the following changes are effective January 1, 2001.

A reduction of six positions and redeployment of six positions will result
from the restructuring.
The Customer support functions within Marketing will move to Market Services.
Mike McGowan will lead this group and will report directly to Julia White.
He will also have dotted line responsibility to Dave Neubauer.
The North and South Power and Business Development Groups will be combined
under John Dushinske.  Mike Stage will lead the South End Asset Team and will
report to John.
The Midwest Marketing Team will be responsible for all long-term Market Zone
origination and structuring.  This team will continue to be led by Bill
Fowler.
Kent Miller will continue to be responsible for Storage, Pricing &
Structuring, and Risk Management & Reporting (Revenue/Info. Management).
The Marketing Analysis staff headed by Steve Gilbert will continue to support
the Marketing group, but will report directly to Rod Hayslett.

I have attached an updated organizational chart for your reference.  If you
have any questions, please contact me at Ext. 7402.


Approved

 -----Original Message-----
From: 	Bodnar, Michael
Sent:	Monday, January 07, 2002 10:22 AM
To:	Bodnar, Michael; Buehler, Craig; Cherry, Paul; Dasilva, Esther; Donoho, Lindy; Frazier, Perry; Lee, Dennis; Lindberg, Lorraine; Lokay, Michelle; Sheffield, Sandy; White, Angela
Subject:	Credit Approval Request - Tenaska Marketing Ventures

Credit Requested

Shipper : 		Tenaska Marketing Ventures
Contract # :		27792
Service Type :	Amended FT
MDQ:			21,000 Dth/d
Rate:			$0.10
Term:			January 8, 2002 through January 8, 2002

Thanks.................
Mike Bodnar


I have been officially uninvited.

 -----Original Message-----
From: 	Armstrong, Julie   On Behalf Of McCarty, Danny
Sent:	Monday, September 24, 2001 10:45 AM
To:	Neubauer, Dave; Harris, Steven; Hayes, Robert; Gilbert, Steve; Geaccone, Tracy; Keiser, John; Kilmer III, Robert
Cc:	Cappiello, Deborah; Robertson, Audrey; Kovalcik, Tammy; Campos, Kathy; Paschal, Zelda
Subject:	CBR now the Commercial Development meeting

Please note a change to the Commercial Development meeting (alias CBR) scheduled for today at 3:00 in 49C2.

The topic and agenda has changed therefore, the above meeting attendees may delete this meeting from your calendar. (Good news for your calendars).

If you have any questions, please call Julie at x33597.  Thanks.


June Capacity:

Watch the EBB and/or Web site early next week for a notice on the
availability of June capacity.  We will have both KG to Stan and KG to
Malin.  Not a big bunch.

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


October 18, 2001
Notice # MS-90

			TERMINATION OF TRADING PRIVILEGES

	Please be advised that the Exchange has been notified by MBF
Clearing Corp. that effective with the close of business October 18, 2001,
it will no longer guarantee the membership of:

				Richard Cruz (CRUZ-3517)

	Members and Member Firms have ten (10) days from the date of this
notice to advise the Corporate Secretary's Office of any claims in
accordance with Rule 2.51.

	Inquiries regarding the above should be addressed to the Member
Services Department at 212-299-2378.


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

Thank you.

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

	Enron Capital & Trade Resources Corp.

	From:  KBeniga@SCHWABE.com                           03/20/2001 05:51 PM

To: abuckley@wutc.wa.gov, alan@epud.org, ali.rodol@ci.seattle.wa.us,
archive-power-ratecase@bpa.gov, aw_turner@pgn.com, BASSL@sce.com,
bessex@cowlitzpud.org, bferranti@mbllp.com, bpadiscovery@merkellaw.com,
ccopatrny@e-z.net, crow@millernash.com, cub@teleport.com, cwagers@dcpud.org,
dan.meek@usa.net, darcy@tonkon.com, darkills@popud.com, dbkinnard@pplmt.com,
dfaulk@puget.com, discoveryparalegal@bpa.gov, dldorrell@stoel.com,
dmacgregor@morganlewis.com, doney@doneylaw.com, doug_brawley@pngc.com,
dparrish@prmllp.com, dws@keywaycorp.com, eauverde@hotmail.com,
eboyd@ppcpdx.org, efinklea@energyadvocates.com, elisaCKF@aol.com,
EnerGlaw@aol.com, Eric.Larson@oremetwahchang.com, erick_johnson@pngc.com,
ghuhta@cowlitzpud.org, huse@eesconsulting.com, ias@dvclaw.com,
jack.speer@alcoa.com, jacksonc@ida.net, janet.prewitt@state.or.us,
jdeason@chbh.com, jeffn@subutil.com, jhartso@enron.com, JLH@mc-power.com,
johk@critfc.org, john.yanov@eweb.eugene.or.us, johncameron@dwt.com,
jolynnr@mresearch.com, jpw@duncanallen.com, jrb_ora@televar.com,
jsaven@pacifier.com, jschlect@avistacorp.com, kevin.clark@ci.seattle.wa.us,
kknitte@gcpud.org, kmoxness@cencoast.com, kpom@mail.pacifier.com,
kyle@ppcpdx.org, lawyer@teleport.com, Lhamilton@avistaenergy.com,
lpeters@pacifier.com, lwolv@worldaccessnet.com, lyn_williams@pgn.com,
marc.hellman@state.or.us, marss@perkinscoie.com, matts1@atg.wa.gov,
mershanlaw@aol.com, mhain@ect.enron.com, michaelearly@earthlink.net,
mike.macdougall@powerex.com, mmetzler@ci.tacoma.wa.us,
mschaff@worldnet.att.net, mthomas@mtpower.com, Paul@KinergyLLC.com,
pete.forsyth@kaiseral.com, pete@ashland.or.us, peter@richardsonandoleary.com,
pfox@bracepatt.com, pljacklin@stoel.com, pmurphy@mbllp.com,
pnichols@idahopower.com, pobenchain@idahopower.com, pspi@dynegy.com,
pvickery@tpud.org, rachel@rnp.org, ratecase@pngc.com, rates@ppcpdx.org,
rbstrong@painehamblen.com, rdb@keywaycorp.com, rfoiani@gcpud.org,
RKindley@SCHWABE.com, rle@givenspursley.com, rpierce@avistaenergy.com,
scott.brattebo@pacificorp.com, seligman@teleport.com, simonf@atg.wa.gov,
sjohnsto@wutc.wa.gov, skaravit@ci.tacoma.wa.us, stephens@eslerstephens.com,
steve@nwenergy.org, tdeboer@painehamblen.com, terrym@millcreeklaw.com,
tgrim@chbh.com, townsend@chbh.com, tracigrundon@dwt.com,
tstevenson@ci.burbank.ca.us, weavertr@yakima-wa.com, wmgt3@montana.com
cc: JWaldron@SCHWABE.com
Subject: WP-02 Data Responses

Attached please find responses to data request DS-PG:001 - DS-PG:003 and
DS-SL:001 - DS-SL:003.

 <<DS-PG-001.doc>>  <<DS-PG-002.doc>>  <<DS-PG-003.doc>>  <<DS-SL-001.doc>>
<<DS-SL-002.doc>>  <<DS-SL-003.doc>> Attachments to DS-PG:001 no. 3 and no. 4
were filed with the Hearing Clerk
and will be available at the data response room.

Thank you,

Kelly C. Beniga
kbeniga @ schwabe.com
(503) 796-2445

NOTICE:  This communication may contain privileged or other confidential
information. If you are not the intended recipient or believe that you may
have received this communication in error,  please reply to the sender
indicating that fact and delete the copy you received.  In addition, you
should not print, copy,  retransmit, disseminate, or otherwise use the
information.       Thank you.
 - DS-PG-001.doc
 - DS-PG-002.doc
 - DS-PG-003.doc
 - DS-SL-001.doc
 - DS-SL-002.doc
 - DS-SL-003.doc


First, congratulations to all five of you and the others on your staffs who
were involved for working together to get the excess line pack deal done
today.  As I understand it, TK was able to sell 10,000 MMBtu at the Cal
Border for something like $15 thanks to your efforts.  This thing went from
Dave and Kent's idea to you guys' execution in about two days, even with a
(slight) delay due to my panic attack on whether we can make downstream
sales.   Great job!   Second, I think TK, Kevin, Maria and Glen and I have
come up with a workable set of guidelines on when similar deals can be done
in the future.  The key, as I expressed in the attached email, is that the
sales be driven by a legitimate operational basis.  If Gas Control verifies
that we have excess line pack at a location and that making the sale helps
get line pack to optimal levels, such sales are appropriate.  Gas Control
should also verify that the operational basis for the sale can be documented
if the need ever arises.  Today's deal is a great example of that as we
actually communicated to outside parties that we anticipated some pressure
management issues.  If there are ever any questions about when such deals are
appropriate, or about how to document the operational basis, please give me,
Susan, or Maria a call.  Again, great job!  DF

	From:  Drew Fossum                           11/27/2000 06:01 PM

To: Steven Harris/ET&S/Enron@Enron, Dave Neubauer/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON

Subject: TW Fuel

This morning I raised a concern regarding TW's sale of excess fuel at
downstream points.  Here's the problem:  the tariff requires shippers to
tender fuel to us at their receipt points.  With rare exceptions, those
receipt points are not at the Cal. border.  Order 636 mandates that pipelines
unbundle transportation from storage.  It also requires that pipelines that
make gas sales do so at the furthest upstream point on their pipeline.  That
latter requirement means that if a pipe buys gas at point "x", it should
resell the gas at point "x" and not haul the gas to point "y" and then sell
it there as a delivered (i.e., bundled) product.  My concern this morning was
that our receipt of fuel gas in the San Juan or Permian and shipment of that
gas to the Cal. border for sale arguably violates the unbundling requirement
(because the Cal. border sale is a bundled combination of the sale and the
transportation of the gas to the downstream location) or the "furthest
upstream point" requirement or both.  Susan and my recollection was that when
ECS wanted to receive the Gallup fuel deliveries at  a point other than
Permian pool, we made them sign a transport contract to move the gas to where
they wanted it.  I haven't confirmed that recollection but I am recalling
that we told Courtney that we couldn't just move our fuel gas around
whereever we wanted it--we needed someone to pay us to transport it.

Irrespective of what we did with ECS, I think the following is the correct
way to look at this situation:  We receive fuel at the shippers' receipt
points.  Once we receive it, however, it is no longer "fuel."  It becomes
line pack until it is burned.   Line pack moves around based on a lot of
reasons, including shipper imbalances, etc.  It also, obviously, has to move
to the compressors where it is burned as fuel.   It is our job to  manage
line pack, and that means we buy line pack at locations where we are short,
and sell it at locations where we are long.  If we end up long at the Cal.
border from time to time, we should sell excess line pack to get line pack
back to optimal levels.  I wouldn't want to get into a pattern where we are
consistently buying line pack in the San Juan and Permian and selling line
pack at the Cal. border, but  thats not what we are talking about here.  I
can't think of anything in the tariff or otherwise that is inconsistent with
this interpretation of our authority as operator of the pipeline.  MKM--OK
with you?  DF