Hi everyone:

I've attached the recipes for the May 13th Church Gourmet Dinner.  They are in
Word, but please let me know if you have problems with the attachments.  I can
convert them or fax them to you.  I have made notes on the recipes regarding
the advisability of doubling some of them for a party of more than 8 guests.

At the bottom of this email, you can still review Alicia's original
instructions and comments about the parties (and the guest lists as they stand
now).

My only thoughts about dividing up the recipes among your guests are:

1.  Remind everyone to bring a bottle of wine for the group.

2.  The dessert recipe should perhaps not be given to a single male as it
requires a springform pan (an item I'm guessing is not common to most bachelor
kitchens).

3.  The person(s) to bring the soup should also bring bread.

4.  Remind the people doing the main course to do a mixture of pork & chicken.

Let me know if you have any questions!

Penny

Alicia.Goodrow@enron.com wrote:

> The list attached below sets out the tentative guests at your Church
> Gourmet Party on May 13.  Some of these persons have confirmed that they
> will be attending, but approximately half have not confirmed.  Please call
> all of your guests in the next few days to invite them to your home and
> introduce yourself.  You may set the time of the party to suit your own
> schedule and entertainment style.  After you have a final guest list,
> please e-mail me with your final list so that I can add one or more
> additional persons who are on our reserve list if you have space.  If you
> have too many persons who cancel or too many who accept, we have time to do
> some balancing among the party groups.  Ideally each party will have 10-12
> persons when we are finished.
>
> Penny Linsenmyer is preparing the recipes for this party and will have them
> complete early next week.  The menu is a back-yard grill special with an
> emphasis on casual, easy summer foods.  We hope that the weather will
> cooperate to allow all of us to entertain out doors this time.  If you
> don't have a grill, let me know ASAP and we'll find a way for you to borrow
> one.  Casual tableware (including nice paper/plastic) is fine.  It is
> perfectly acceptable and appropriate to ask guests to bring serving
> utensils and other items you might not have.  It is also acceptable to set
> up card tables and similar casual seating if you have more guests than you
> usually seat.
>
> Most guests have participated in at least one party by now and know the
> routine.  But you should remind guests to bring a bottle of wine or other
> beverage to share.
>
> Our menu is as follows:
>
> Black Bean Dip to be served with chips/bread or veggies
> Roasted Red Pepper Dip
> Gaspacho Soup with Shrimp with French Bread Loaves (paper cups are fine for
> serving this)
> Grilled thick-cut pork chops and chicken breasts with mango/basil sauce -
> to be cooked on the grill at the host's home
> Scalloped Potatoes
> Death by Chocolate
>
> All of the recipes are easy-moderate.  No tricky ingredients or culinary
> skills this time.  Nonetheless, you might ask your guests their first
> choice of recipe.
>
> All of your guests are listed in the Church Directory.  Please call the
> Church Office at 713-523-2864 if you can't find a telephone number.  Also,
> I have found e-mail is a great way to circulate info and recipes.  You
> might ask your guests if they use e=mail and if they will share their
> address.
>
> Thanks for your help.
>
> Alicia
> ---------------------- Forwarded by Alicia Goodrow/Corp/Enron on 04/14/2000
> 08:47 AM ---------------------------
>
> Beth Warpmaeker <lcm@rice.edu> on 04/13/2000 08:19:30 PM
>
> To:   Alicia Goodrow <alicia.goodrow@enron.com>
> cc:
>
> Subject:  Church Gourmet List
>
> May Church Gourmet List
>
> Mark Wolf (12)
> Heidi and Wade Harper
> Richard Carlson
> David and Nina Karohl
> Meredith Moore
> Charles and Janice Thompson
> Mel and Sharon Ostwald
> Monique Saldana
>
> Kennedies (13)
> Phil Dahlberg and Naomi Nelson
> Joni Gilliland
> Rodney and Mary Koenig
> Anne Pearson and Ernie Vincent
> Fred and Kay Wasden
> Steve and Wendy Wendtland
>
> Lloyds (12)
> David and Loraine Frazier
> Susan Turner
> Esther Baker
> Bryce and Penny Linsenmayer
> Robert and Kathy Moore
> Leonard and Susan Teich
>
> Tana Jones (13)
> Laura Johnson and guest?
> Andrea and Thomas Burton
> Karl Lothman and Rebecca Matheny
> Susan and Bob Webb
> Nancy and Dewey Letness
> Judy Wells
> Ulf Henningson
>
> Warpmaekers (13)
> Evin and Janet Dugas
> Dawn and Mark Englebart
> Stephen Long
> Cassie Stinson and James
> Craig and Cherisse Smyser
> Bob and Patty Stone

 - Black Bean Dip.doc
 - RoastRdPepperDip.doc
 - Cheesy Herb and Garlic Bread.doc
 - ShrimpGazpacho.doc
 - PorkChopsMangoBasilSauce.doc
 - ScallopedPotatoes.doc
 - DeathbyChocolate.doc


Announcement for E283-1: Real Estate Finance:

Those of you who were present yesterday during the class should already have them. I have some left over copies of the 2 next sets of lecture notes (Commercial Mortgages and REITS) and a copy of the next case. If you did not make it to the class yesterday you can pick up your copy of everything at the door of my office (F625).

You will also notice the spreadsheet in the handouts section. There can be various ways to tackle cases. This spreadsheet parallels what Dennis and Co. did.

Regards,
Barbara

===========================================
This message was sent from the Izio system at http://haas.Izio.convene.com.
If you have any questions or comments regarding this email or the Izio system, please forward them to IzioSupport@convene.com.


Start Date: 4/18/01; HourAhead hour: 17;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041817.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 17 / Preferred:  15.00 / Final:   6.20)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 17 / Preferred:   5.81 / Final:   5.01)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 17 / Preferred:  53.03 / Final:  45.06)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  SC_ID: EPMI


Steve,

I just wanted to let you know that I have been playing telephone tag with a couple of the Questar folks.  For the most part, they were out of the office several days during the last two weeks (of course I was out of pocket a couple days, too) .  I've left another message with Gary Schmitt, who apparently is out of town yesterday and today, but I did hear from Mary Kay Olson, who was also in our office when Gary came in several weeks ago.  Mary Kay is tracking down the status of the Western Leg information that Kevin requested.  I also let her know that we are interested in the Eastern Leg as well.  She will begin pulling that information together, too.  I expect to hear from her either later today or tomorrow with a status and timing of the data.  She will also connect up with Gary when she sees him.  I will keep you posted as I hear more information.

Also, Jodi Starley (who is also in the Questar Marketing department), is looking for me to begin the Interconnect Agreement for the San Juan Hub connect with Southern Trails .  Do you have a problem if I begin the paperwork, however, I have several other Interconnect Agreements that are higher priority at this time and it may take a while to get to this one?  I recognize that this is a delicate balance.

Thanks, Kim.


My revisions. Let's discuss at your earliest convenience.

Ben

	From:  Kay Mann @ ENRON                           09/08/2000 01:48 PM

To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: ESA equipment purchase

Ben,

Here's a draft of an MOU for the sale of the LMs and ABB equipment to ESA.
One issue is when this transaction can close.  Since the equipment is owned
by WestLB and since the feeling is we don't want to involve WestLB in the
transaction, the actual transfer would take place at the termination of the
WestLB facility.  If another approach is preferred, we will need to circle
back with Lisa.

A second issue I see is with the concept that GE will need to look to both
ENA (or WestLB's successor) for some of the payments, but look to ESA for
payment for changes, storage, etc.  As far as I know, this concept hasn't
been addressed with GE.

I re-calculated the overhead charge, so you might want to check it out.

I look forward to your comments.

Kay


FYI:
If it's ok with everyone's needs, I would like to leave @4pm. If you think
you will need my assistance past the 4 o'clock hour just let me know;  I'll
be more than willing to stay.


We are making a number of significant organizational changes.  These changes
are intended to accomplish four key objectives:

First, we need to realign all our wholesale businesses around the successful
business model developed over the last decade in North America and Europe.
This model relies on extensive physical and transactional networks built
around a relatively small strategic asset position.

Second, we need to significantly streamline corporate reporting
relationships.  Particularly with Joe Sutton,s departure, the ability to
directly manage the day-to-day activities of 15 independent business units
has become increasingly difficult.

Third, we need to accomplish these changes without, in any way, compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower-yielding
asset positions.

And fourth, as always, we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities.

ENRON WHOLESALE SERVICES

Today, we are forming Enron Wholesale Services (EWS) which will consolidate
our global wholesale businesses.  The closer alignment of our wholesale
businesses will accomplish the following: (1) enhanced communication and
coordination across business units, (2) more rapid deployment of people to
higher valued opportunities, (3) more effective prioritization of
opportunities across the wholesale business, and (4) more rapid extension of
Enron,s wholesale business model and capabilities into new industries and
markets.

Enron Wholesale Services will include our current North American, European
(including Japan and Australia), Global Markets, and Industrial Markets
operations, and will be expanded to include Enron,s Net Works business unit
as well as a new unit ) Enron Global Assets.  In addition, Enron,s merchant
businesses outside of North America and Europe will be integrated into this
new structure as described below.

Mark Frevert, currently Chairman of each of our wholesale units, will assume
the role of Chairman and CEO of Enron Wholesale Services.  Greg Whalley,
currently Chairman and CEO of Enron Net Works, will join Mark in the Office
of the Chairman as President and Chief Operating Officer.

Providing further impetus for these organizational changes, several of our
international business unit leaders have elected to move into new leadership
positions:

Rebecca McDonald, currently CEO of Enron APACHI, will join EWS as President
and CEO of Enron Global Assets. Enron Global Assets will have responsibility
for managing all of Enron,s existing energy asset portfolio outside of North
America and Europe.  Joining Rebecca in the Office of the Chairman as COO
will be Jim Hughes, currently COO of Enron APACHI.  Rebecca and Jim will
report to the EWS Office of the Chairman.

Sanjay Bhatnagar, currently CEO of Enron India, has joined EBS as CEO for the
Middle East and Asia region.  Sanjay will be responsible for building our
broadband business in this region and the current EBS team in this region
will report to Sanjay.  In this role, Sanjay will report to the EBS office of
the Chairman.  In addition, Sanjay will continue to remain responsible for
Enron,s wholesale energy business in India and will transition this business
into Enron Global Assets in the near future.

Diomedes Christodoulou, currently Co-CEO of Enron South America, has joined
EBS as Chief Commercial Officer.  Diomedes will be located in London and will
focus his origination activities on global opportunities, with near term
attention to the wholesale and enterprise sectors.  Diomedes will report to
the EBS Office of the Chairman.

Jim Bannantine, currently Co-CEO of Enron South America, will be joining EES
to lead EES, commercial efforts outside North America and Europe.  In order
to ensure a smooth transition for our South American businesses and to
facilitate our asset sales activities, Jim will remain in South America for
at least the next several months and continue to serve as CEO of Enron South
America.  Throughout the transition, Jim will report to Cliff Baxter and to
the Office of the Chairman of Enron Wholesale Services.  Following the
transition, Jim will join EES.

In addition to these changes in our international asset operations
activities, we are making the following changes in our merchant wholesale
businesses and the commercial support functions:

Enron Net Works
Louise Kitchen will assume Greg,s previous responsibilities as President and
CEO of Enron Net Works, reporting into Mark and Greg.

Enron Americas
Concurrent with the transfer to Enron Global Assets of responsibility for
operating Enron,s South and Central America asset base, all trading,
marketing, and new asset development activities in these regions will report
into a new entity, Enron Americas.  Enron Americas will have responsibility
for all wholesale merchant businesses across North, Central and South
America.  Dave Delainey, President and CEO, and John Lavorato, Chief
Operating Officer will comprise the Office of the Chairman for Enron
Americas.

Enron Europe
The Enron Europe organization, which includes Enron,s businesses in Australia
and Japan, and Enron Metals, remains unchanged under the leadership of John
Sherriff, President and CEO, and Michael Brown, Chief Operating Officer.

Enron Global Markets
Enron Global Markets, under the leadership of Mike McConnell, President and
CEO, and Jeff Shankman, Chief Operating Officer, will continue to have
responsibility for Enron,s Middle East and LNG operations.  With the
exception of Ecoelectrica in Puerto Rico, all operating power plants and
associated personnel in the Caribbean and Central America will transfer to
Enron Global Assets.  Enron Global Markets will also continue to manage the
commodity businesses in crude and products, coal, weather, insurance,
equities, interest rates, foreign exchange, and agricultural products.

Enron Industrial Markets
Enron Industrial Markets, organization, under the leadership of Jeff McMahon,
President & CEO, and Ray Bowen, Chief Operating Officer, remains unchanged.

Commercial Support for EWS
The commercial support functions for EWS will remain with, and be managed by,
the individual business units.  We are creating no incremental overhead in
the creation of EWS, and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across EWS.

To this end we have asked several people to take on an expanded role across
EWS in addition to their ongoing roles within their business units.  These
newly defined roles are as follows:

Mid and Back Office Operations ) Sally Beck will lead Mid and Back Office
Operations across EWS.  These services will become part of Enron Net Works,
with Sally reporting to Louise Kitchen and Rick Causey, Executive Vice
President and Chief Accounting Officer.  This alignment creates a coordinated
services organization with IT and e-commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services.  Mid and Back Office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and/or geographic locations.
Legal ) Mark Haedicke will serve in the role of General Counsel for EWS.
Regulatory and Government Affairs ) This function will remain organized on a
regional basis.  Rick Shapiro will support all EWS businesses operating in
the Americas, and Mark Schroeder, who is based in London, will support all
European and Eastern Hemisphere operations.  Rick and Mark will also continue
to support all other Enron businesses operating in their respective regions
and will continue to report to Steve Kean, Executive Vice President and Chief
of Staff.
Public Relations ) This function is also organized primarily on a regional
basis.  Eric Thode will have responsibility for North American activity,
Enron Net Works, and Enron Industrial Markets.  Jackie Gentle will continue
in her role for Enron Europe (including Japan and Australia) and John Ambler
will have responsibility for activity outside North America and Europe as
well as providing support for Enron Global Markets and Enron Global Assets.
These individuals will also continue to have a split reporting relationship
to Mark Palmer, Vice President of Communications.
Business Analysis and Reporting ) Wes Colwell will expand his role to cover
EWS reporting in addition to his current role in North America.

Attached for your review is an organization chart for Enron Wholesale
Services which summarizes the changes described here.  As this organization
continues to evolve we will keep you informed of any additional changes.

ENRON GLOBAL EXPLORATION AND PRODUCTION
AND ENRON WIND

 As part of our company-wide initiative to examine our assets and investments
around the world, we are considering a variety of options with respect to
EGEP and EWC.  As a consequence, we are putting these businesses under Cliff
Baxter,s direction.  Jeff Sherrick, CEO of EGEP, and Jim Noles, CEO of Enron
Wind, will report to Cliff.

CORPORATE STAFF

 We are consolidating the corporate staff functions: Human Resources,
Government Affairs, Public Relations/Communications and Administration.  In
that regard, Cindy Olson, Executive Vice President of Human Resources and
Community Relations, will report to Steve Kean, Executive Vice President and
Chief of Staff.

COMMITTEE STRUCTURE

 In light of the increased leadership opportunities created by Enron,s
growth, the Executive Committee will be expanded to include more of our
business unit leaders.  The primary role of this committee will continue to
be the communication of relevant information across Enron,s businesses and
the coordination of activities across those businesses.  We will also be
drawing on this group to lead company-wide initiatives such as the
performance review process and evaluation and creation of new businesses.
The Executive Committee membership is shown on the attached list.

 We are also forming a new committee ) the Enron Corporate Policy Committee.
This group will be responsible for overall corporate policy, personnel
management policy and corporate strategy.  The Enron Corporate Policy
Committee membership is also shown on the attached list.

 We are confident that these changes will align our talent and our capital to
our highest return opportunities.  Please join us in congratulating and
supporting all of these individuals in their new roles.


Here is your latest roster. We are up-to-date on all changes but, of
course, the students may still drop/add up to the second week of module 5.
When the time comes, please check your roster carefully and make sure that
the people on the list really are attending your course. Mistakes happen so
I just would like to make sure we have a correct record.

As always, let me know if you would like the excel folder with e-mail
addresses. I don't send them at the same time to avoid overwhelming our
e-mail system. Thanks for your help!

- Pam (713-348-6223)
 - 656.doc


Thanks for getting back to me.  Yes, I thought it was well done.  I don't
think we'd have any trouble signing on to it.  Just let us know how you want
to proceed.

MBD <MDay@GMSSR.com> on 12/12/2000 11:19:27 AM
To: "'Jeffery.Fawcett@enron.com'" <Jeffery.Fawcett@enron.com>
cc:

Subject: RE: Letter to CPUC re GIR proposed Decision

Yes it did, but we can redo a new version for circulation.  We will be
trying to get press coverage for the letter.  Let me know if you are ok,
Jeff D. thought you would be. Mike

-----Original Message-----
From: Jeffery.Fawcett@enron.com [mailto:Jeffery.Fawcett@enron.com]
Sent: Tuesday, December 12, 2000 8:27 AM
To: MBD
Subject: Re: Letter to CPUC re GIR proposed Decision

Mike,
I apologize, but I was out of the office yesterday.  Did the letter go out
already?

MBD <MDay@GMSSR.com> on 12/11/2000 01:46:04 PM

To:   Jeffery.Fawcett@enron.com
cc:

Subject:  Letter to CPUC re GIR proposed Decision

Jeff:

Here is the letter we are sending to the CPUC.  Please let me know if TW is
on. I need to send it by 2 pm our time.  Thanks, Mike Day

 <<CSA Letter SCG.doc>>

(See attached file: CSA Letter SCG.doc)


Frank,

I know this is late.  I appologize.  I need some help with the development
plan.  The review is complete.  Let me know if I need to change some items.

Thanks.

DG    3-9573


I will talk to her as well


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 11:00 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
02/08/2001 10:54 AM

To: <acomnes@enron.com>, <Christi.L.Nicolay@enron.com>, <dfulton@enron.com>,
<jhartso@enron.com>, <mary.hain@enron.com>, <smara@enron.com>,
<snovose@enron.com>
cc:
Subject: Fwd: DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales

Content-Transfer-Encoding: quoted-printable
Date: Thu, 08 Feb 2001 09:47:47 -0600
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "G. Alan Rafte" <arafte@bracepatt.com>, "Andrea Settanni"
<asettanni@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"David Parr" <dparr@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.com>, "Gene Godley" <ggodley@bracepatt.com>, "Kimberly
Curry" <kcurry@bracepatt.com>, "Nancy Wodka" <nwodka@bracepatt.com>, "Paul
Fox" <pfox@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Disposition: inline

FYI

DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales
Copyright , 2001 Dow Jones & Company, Inc.

WASHINGTON (Dow Jones)--The U.S. Federal Energy Regulatory Commission
Wednesday reaffirmed its policy finding that it lacks jurisdiction over
generation facility transfers.

     The Federal Power Act requires the commission to approve jurisdictional
asset transfers greater than $50,000 in value. But FERC doesn't view
generation assets as jurisdictional.

     FERC often rules on generation asset transfers, but only in the context
of associated transmission assets and power sales connected with the
generation assets. FERC regulates electricity sales, but not the plants that
produce the power.

     With divestiture of generation assets becoming increasingly common in
the $215 billion U.S. electricity sector, this policy has increasingly been
questioned by consumer interests and others.

     Most recently, the American Public Power Association and Citizen Power
Inc., a utility watchdog group, petitioned the commission to reconsider its
view that generation asset transfers, absent associated transmission
facilities and power sales agreements, don't fall under FERC jurisdiction.

     At issue were generation asset sales by Duquesne Light Co. (DQZ), and
FirstEnergy Corp.'s (FE) transfer of power plant ownership from its utility
operating units to FirstEnergy's competitive services unit.

     The commission was unpersuaded by arguments of APPA and Citizens Power
that state regulation is inadequate to protect the public interest and
promote competition in the restructuring electric utility industry.

     "There is no necessary nexus between the interstate transmission or sale
of electric energy, on the one hand, (the triggering events giving rise to
our jurisdiction) and the disposition of a generation facility by itself,"
FERC said.

     "Not only does the statutory text support our interpretation, but there
is no precedent, legislative history, or case law which would support a
contrary conclusion," FERC said, denying the petition.

     FERC cited section 203(a) of the Federal Power Act as conferring
authority to regulate the disposition of "facilities subject to the
jurisdiction of the commission." FERC has never asserted jurisdiction over
generation assets, and has traditionally left that to state utility
regulators.

     By Bryan Lee, Dow Jones Newswires, 202-862-6647,
mailto:bryan.lee@dowjones.com
     (END) Dow Jones Newswires 07-02-01


Can you forward my e-mail?  LOVE YOU!

Mike


A  conference call, regarding the above subject, has been scheduled daily to
provide a single place and time to review what has occurred over the last 24
hours regarding the California crisis and what lies ahead.  The conf. call
information will be as follows:

Date:  Daily (beginning 1/12/01 - 1/26/01) there will not be a call on
Monday, January 15

Time:  10:30am (CST)

Number: 1-800-998-2462
  passcode 4912753

Location: EB4701 (for those in Houston)

Please feel free to forward this information to others you feel should
participate.


Please add tampa bay defense to my roster

Mark Friedman
Enron Broadband Services
Office# 713.853.6446
Fax#     713.646.3271
mark.friedman@enron.net


Let's have Matt start on the following:

Database for hourly storage activity on Socal.  Begin forecasting hourly and
daily activity by backing out receipts, using ISO load actuals and backing
out real time imports to get in state gen numbers for gas consumption, and
then using temps to estimate core gas load.  Back testing once he gets
database created should help him forecast core demand.

Update Socal and PG&E forecast sheets.  Also, break out new gen by EPNG and
TW pipelines.

Mike


Matthew, if you know my reputation, I tend not to be a big fan of these type
of events either - however, at this point, I need to collect more information
on the event and I think it inappropriate to cancel at this late stage.
Going forward, I think we as a management team including yourself should
discuss what the strategy should be going forward.

Don't hesitate to voice your opinion.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/14/2001
08:52 AM ---------------------------

Matthew Scrimshaw
02/12/2001 02:24 AM
To: David W Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT
cc:
Subject: EES Pinnacle Event

Dave/Janet,

As you guys like a no bullshit approach, last Fall, I voiced my concerns to
the EES management team about the second Pinnacle event (see link below).

http://pinnacle2001.proghq.com/index.html

My concerns in no particular order were:

1) Given that we have a generous bonus programme to reward staff, I felt the
need for such an over the top event like an all expenses paid holiday in the
West Indies for "key" staff and their spouses was unnecessary.
2) The lack of transparent selection criteria ("selected Superior and
Excellent performers") was devisive would inevitably piss off the vast
majority of EES who didn't go on the trip.
3) Apart from disagreeing with the whole idea, I disagreed with the fact that
all the MDs automatically got to go as that implied they were all performing
and deserved it.
4) I didn't believe that, overall, the business was making enough money to
justify a "reward"  trip like this.
5) I didn't want to take my best guys out of the office for up to a week as
we have a lot of work to do and won't make the numbers sat on a beach
6) The Europe wide Enron team works well together and there would be no way
of justifying this trip to the rest of the London office (non EES) who
obviously would see it for what it is - a waste of time and money

Tom conceded by saying that this one would probably be the last event of its
kind.  Others remained silent.

I withdrew Europe from the event on the grounds that culturally in Europe
this event was unacceptable.  Stephen Peterson (in the Europe team)  appears
on the list of attendees, but will not attend for the reasons outlined above
and he is OK with it.  Afterwards, I found out that McCarty boycotted the
first event the year before for the same reasons.

Whatever you guys decide to do, Europe remains committed to hitting the
numbers and being part of the team.

Matthew


Vince, Zimin,
I participated in a telephone conference on this company this morning.  There
was a possibility Enron would invest in it.

Their product appears to be a GUI interface over the top of ILOG Solver (and
possibly ILOG CPLEX) which allows problems to be expressed in high level
terms.  I do not see any immediate application at Enron, but I am interested
in the concepts used so expressed an interest in a demo.  Maybe it would be
useful for general modelling projects here.

They do not even have a user manual for their software, so it will be
difficult to figure out what it does unless a demo is arranged.  The
possibility for growth in the company seems small as the ILOG software is a
modest size market and their product is aimed at only a small part of that
market.  I think the scheduling tools in SAP, i2, etc are more likely to
succeed than this one as they are already integrated into an information
system.

Because of the small market for this software, the many competitors, the
absence of any clear use for it at Enron and the early stage of development,
there is very little prospect of us funding this company.

Tom


Nick:

Attached for your further handling is the draft form Deemed ISDA between ENA and Ispat Mexicana S.A. de C.V.  Please note that the economic provisions have been omitted.

Please let me know if you have any questions or need anything else.

Marie
x33907


Please find attached the Agenda for the Legislative Meeting to be held in San
Francisco on December 5th.

Please call me if you have any questions.

Lysa Akin
Ass't. to Paul Kaufman
121 SW Salmon, 3WTC0306
Portland, OR 97204
503/464-7927
503/464-3740 fax


Of course.  Do you two want to be there for the early show or I could just
meet you there later?

Also, you can sign up on the internet for the early bird show.  I don't
think you can pay when you get there, except if you go at 10 a.m.

www.houstonballet.org  Look it up here.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, November 09, 2000 12:27 PM
To: pyoung@pdq.net
Subject: Re: Nutcracker Market/Saturday

I'm interested!  Would it be OK to invite one of my new business people
from London, she doesn't know anyone in Houston yet?

                    "Patti Young"
                    <pyoung@pdq.n        To:     "Tana Jones"
<tana.jones@enron.com>
                    et>                  cc:
                                         Subject:     Nutcracker
Market/Saturday
                    11/09/2000
                    04:01 PM

Miss Tana,

Are you interested in going to the Nutcracker Market this Saturday morning
and being there for the early bird special (8 a.m.)??  It costs $25 to get
in early, but that covers $10 admission, $5 parking, coffee and
refreshments.  Otherwise, you can go at 10 a.m., pay $10 to get in with the
rest of the crowd and $5 for parking.  I think I am going to plan to be
there around 7:40-7:45.  Let me know if you are interested.

Patti


Stinson,
Helyette can be reached at 413 549 5071

and Geman@math.umass.edu.

Vince


October 16, 2000

     Teco Tap  30.000 / Enron ;    120.000 / HPL Gas Daily


Rick has asked that I schedule a Business Review session with Jeff Skilling
early in September.  Jeff is available on September 7 from 10:00 - 11:00.
The meeting is scheduled for Jeff's office.  If you plan to bring anyone with
you to the meeting please let me know and we will need to move to a larger
room.

The meeting will be divided into 3  20 minute sessions:

SAP Update   Melissa Becker
Strategic Sourcing  George Wasaff
Global Risk Mgmt/Doorstep Sally Beck


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/19/2001
12:59 PM ---------------------------

"Glover, Rusty" <rglover@halff.com> on 01/19/2001 11:14:32 AM
To: "Beard, Jaime" <JBeard@Halff.com>, "JON CROSS (E-mail)"
<joncross@rlkengineering.com>, "BRAD DAVIS (E-mail)"  <doodoc@hotmail.com>,
"RIDDLE (E-mail)" <clayriddle@yahoo.com>, "KYLE (E-mail)" <KFKU@dynegy.com>,
"JENNIFER (E-mail)"  <JM.GLOVER@MERITENERGY.COM>, "KAK (E-mail)"
<kcameron@yahoo-inc.com>, "SHELLEY (E-mail)" <scameron@yahoo-inc.com>,
"CHERYL (E-mail)"  <ckhalla@swbell.net>, "ROCHELLE (E-mail)"
<rdblue@seark.net>, "CAMILLE (E-mail)" <kcdavis@pdq.net>, "LARRY HANS
(E-mail)"  <hansl92@aol.com>, "Fletcher, Thomas" <TFletcher@Halff.com>,
"Dewey, Daniel" <DDewey@Halff.com>, "Almaguer, Michael"
<MAlmaguer@Halff.com>, "DAREN (E-mail)" <daren.j.farmer@enron.com>, "BRAD
BARNHARDT (E-mail)" <farmer_bernie@hotmail.com>, "ANDREA & MICHAEL (E-mail)"
<mad399@yahoo.com>, "KRISTIN ROAN (E-mail)"  <kroan@lafp.com>, "JOE (E-mail)"
<hockeywinger@earthlink.net>
cc:
Subject: FW: Heavy LOAD

-----Original Message-----
From: John Riggins [mailto:jriggins@hill-wilkinson.com]
Sent: Friday, January 19, 2001 10:46 AM
To: Ryan Smith; Rusty Glover; Plemons Mike; Mike Plemons; Mike Eggleton;
Justin Biggs; Greg Barberee; Eric Fischer; Brady Jones; Archer Brent;
jlriggin@aol.com; Becky Riggins; gdfarley1@aol.com;
cwright3400@yahoo.com
Subject: FW: Heavy LOAD

John Riggins
Project Engineer
Hill & Wilkinson, Ltd.
800 Klein Road
Plano, TX 75074
214.507.1947

-----Original Message-----
From: Swanson Terry [mailto:tswanson@hill-wilkinson.com]
Sent: Friday, January 19, 2001 9:30 AM
To: Everyone
Subject: FW:Heavy LOAD

This is why our superintendents do not drive cars >>>>>>>>>>> one of
them might try this.

?

?
 - HOMEDEPOT1.DOC


(1) As expected, GridSouth and Southern oppose EPMI's request to condition
market based rates on RTO participation.

GridSouth argues that this is a collateral attack on the "voluntary" nature
of Order No. 2000.
Southern also makes the same argument, but adds that the argument is
premature due to Southern's "significant progress" in developing an RTO.
Southern also attacks our citations to the FERC Staff Investigation stating
that the Investigation is based on "perception," not fact, and contains
conclusions that are "ill-formed."  Southern concludes that the "Southeastern
bulk power market worked quite well" this summer because there were no price
spikes.  Finally, Southern disputes our request for a settlement judge
stating that the Commission should give Southern guidance first.

(2)  GridSouth responds to the Joint Muni, EPMI, etal. motion to hold the RTO
filing in abeyance:

Grid South does not oppose additional stakeholder meetings during a 60 day
period.  It would like the assistance of FERC Dispute Resolution staff and
additional guidance from the Commission during that period.  GridSouth will
provide the Commission a report on the process within 20 days after the
conclusion of the this period.

(3)  Southern requests that the Commission grant its declaratory order
request that it can be an RTO

States that delays were due to discussions with investment community about
spin off of transmission assets.  Southern would still like to have separate
transmission company (Jim S. is looking into an Etrans opportunity with this.)

(4)  GridSouth response to protests

It contains alot of responses to Santee Cooper's protest about the ownership
structure of the LLC
GridSouth argues that its expansion possibilities are limited by TVA to the
West and VEPCO to the north (note: Grid South states that VEPCO joined
Alliance because it is subject to the Virginia Electric Utility Restucturing
Act that requires all suppliers to have access to the electric transmission
system by 1/1/01 and retail choice by 1/1/02.  Any insights on this thinking
by Grid South would be helpful.  Will all of VEPCO native load be under an
OATT?)
Grid South will file interconnection procedures by 2/01.


<TITLE>Palm's Webcast</TITLE>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1">

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    © 2001 Palm, Inc. All rights reserved |
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    MyPalm


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/03/2000 09:14
AM ---------------------------
From: Sara Shackleton@ECT on 10/03/2000 09:08 AM
To: Kay Mann/Corp/Enron@Enron
cc: Mark Taylor/HOU/ECT@ECT

Subject: FW: Enovate/PEC ISDA Materials

Kay:  Attached is the email I received from Steve Curlee.  Who is performing
legal/credit for Enovate?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/03/2000 09:06 AM -----

	Sara Shackleton
	09/28/2000 10:14 AM

		 To: Kay Mann/Corp/Enron
		 cc:
		 Subject: FW: Enovate/PEC ISDA Materials

Kay:  What is this all about?  I don't know anything about "ENOVATE" .  Is it
an Enron company?  Sara.
----- Forwarded by Sara Shackleton/HOU/ECT on 09/28/2000 10:11 AM -----

	Steven Curlee@ENRON
	09/28/2000 09:29 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Enovate/PEC ISDA Materials

Sara, I am forwarding this to you because as you will notice your last name
has been misspelled.  I have been speaking with Peoples recently about the
potential sale of some financial options via Enovate.  This has brought up to
issue of the ISDA agreement.  I don't know if you are the one working on this
specific ISDA, but I got your name off a document showing you as the person
working in general on ISDA agreements between Enovate and third parties.

I will call shortly to insure you receive this, and one more to follow, and
that you are the appropriate person.  If you need to reach me, my extension
is 36900.

Thanks,

Steve
---------------------- Forwarded by Steven Curlee/Corp/Enron on 09/28/2000
09:19 AM ---------------------------

b.marozas@pecorp.com on 09/27/2000 05:37:59 PM
To: Sara.shackelton@enron.com
cc: Steven.Curlee@enron.com

Subject: FW: Enovate/PEC ISDA Materials

Sara,

We were trying to finalize the ISDA between PEC and Enovate.
Fred is going to be out of the office until Thursday, but I wanted to
forward the ISDA information he has been working on.
Based on the ISDA materials attached, do you know how close (best quess:
number of days, weeks or months) we are to finalizing the contract?

Thanks,
Brian

 <<MEH Schedule to Master Agreement v.1.doc>>  <<MEH-PEC Paragraph 13 to
Credit Support.doc>>

 <<MEH-PEC ISDA.doc>>  <<MEH-PEC Credit Support Annexy-bi.doc>>

 <<MEH-PEC Paragraph 13 Exhibit A.doc>>

  ----------
  From:  Jacobsen, Fred
  Sent:  Tuesday, September 26, 2000 10:43 AM
  To:  Marozas, Brian; Huprikar, Aparna
  Cc:  Nassos, John G.; Pokorny, Judy
  Subject:  Enovate/PEC ISDA Materials

  Attached please find drafts of the following ISDA documents
to be entered into between Enovate, L.L.C. and Peoples Energy Corporation:

  1. Schedule to Master Agreement
  2. Paragraph 13 to Credit Support Annex
  3. Exhibit A to Paragraph 13 to Credit Support Annex
  4. ISDA Master Agreement
  5. ISDA Credit Support Annex.

  Brian, please forward to me the contact information for the
person handling the negotiation of these documents on behalf of Enron.
Thank you, Fred.

  <<File: MEH Schedule to Master Agreement v.1.doc>><<File:
MEH-PEC Paragraph 13 to Credit Support.doc>>

  <<File: MEH-PEC ISDA.doc>><<File: MEH-PEC Credit Support
Annexy-bi.doc>>

  <<File: MEH-PEC Paragraph 13 Exhibit A.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - MEH Schedule to Master Agreement v.1.doc
 - MEH-PEC Paragraph 13 to Credit Support.doc
 - MEH-PEC ISDA.doc
 - MEH-PEC Credit Support Annexy-bi.doc
 - MEH-PEC Paragraph 13 Exhibit A.doc


Mark--here's the article that I mentioned this morning.  Interesting stuff on the long term power contracts

-----Original Message-----
From: Dasovich, Jeff
Sent: Mon 10/8/2001 12:13 PM
To: Calger, Christopher F.; Belden, Tim; Richter, Jeff; Parquet, David; Steffes, James D.; Kean, Steven J.; Shapiro, Richard; Denne, Karen; Palmer, Mark A. (PR); Mara, Susan; Kaufman, Paul; Robertson, Linda; Landwehr, Susan M.; Badeer, Robert; Etringer, Michael
Cc:
Subject: FW: DWR Contracts

FYI.  Appears that the two sides may be crawling toward renegotiation.

Best,
Jeff

Battle lines drawn over long-term power deals
SD Union Tribune, 10.07.01
In a perverse sign that normalcy is returning, the state's power crisis roared back to life last week with the California Public Utilities Commission as the focus.

This time the state utilities commission pulled off a feat few could have anticipated, even from a long-running crisis that has caused blackouts and soaring electricity costs.

In a span of three hours last week, the five-member panel went from being applauded by consumer groups and blasted by industry interests to being vilified by consumer advocates and applauded by business.

Consumer advocates celebrated when the PUC refused to rubber stamp state-negotiated long-term power contracts, a move the governor said stalled the $12.5 billion bond offering needed to cover past power purchases.

But business leaders and the governor cheered the PUC for approving a $3.3 billion rescue of Southern California Edison, which consumer advocates criticized as an unauthorized bailout.

As massive as the Edison deal is, it may be less likely to affect customers of SDG&E than the second reality that emerged last week: Despite the PUC action on the contracts, Californians still face the burden of paying more than $40 billion over the next two decades for overpriced and possibly unneeded electricity.

Or maybe not.
While electricity providers continue to defend the long-term power contracts as fair and key to resolving the state's electricity crisis, consumer groups and others have launched a major offensive to get the contracts revised, renegotiated or canceled.

Critics argue that the deals were negotiated while the state's economy was reeling, blackouts were striking and federal regulators were insisting that the state had to tie up the bulk of its electricity needs through long-term deals.

Duress alleged
Consumer advocates say the long-term contracts bind California to power purchases at more than double current market prices and force the state to buy power it does not need.

"We should not be stuck with these agreements because conditions have changed so dramatically," said Bill Ahern, a senior analyst with Consumers Union, the publisher of Consumer Reports magazine. "We did these agreements under duress, and it is better for the generators and us to negotiate what all believe is a good deal."

Ahern also said an investigation of possible conflicts of interest for at least one member of the state team that negotiated the contracts could lead to their invalidation.

Michael Shames, executive director of the Utility Consumers' Action Network in San Diego, notes that much of the power to be delivered under the agreements will come from new plants yet to be built in California.

"The state has the ability through the siting process to modify those contracts," Shames said. The motivation to do so could grow soon, he added.

"Especially in an election year, the question will be whether elected officials and the public will tolerate the (cost) of these contracts," Shames said.

Shames noted that the Federal Energy Regulatory Commission pressed California to lock up much of its power under long-term contracts, because it argued that excessive reliance on short-term purchases was a major contributor to the power crisis.

Now it appears the cost of that solution could exceed the cost of the short-term crisis, Shames said.
Beyond the growing political pressure, San Diego attorney Michael Aguirre is arguing in appellate court that Gov. Gray Davis overstepped his legal authority by declaring an emergency and signing the long-term agreements in the first place.

He says California's electricity deals violate state law regarding purchasing practices.
"To circumvent that law by calling it an emergency does not pass legal muster," said Aguirre, who is suing electricity providers for overcharging. "There were other means to manage the emergency."

The PUC also says the state locked itself into too much power for too long a period.
"First and foremost, we should try to renegotiate, try to get shorter terms," said Gary Cohen, general counsel for the PUC.

Willingness to deal
At least two major suppliers have indicated a willingness to discuss the matter, Cohen said. The PUC also will continue to press for changes to the agreements with FERC.

The federal commission regulates wholesale power markets and is legally mandated to ensure prices are "just and reasonable." FERC is considering refunds for prices paid by California in spot power markets during the crisis.

Cohen argues that if spot prices are subject to refunds, long-term contracts should be subject to similar relief. The PUC has made several filings pressing this point, but has received no response from FERC.

For his part, the governor declines to call for renegotiation of the contracts.
"In order to renegotiate we would have to have the generator come to us, and they have not done so," said Steve Maviglio, the governor's spokesman. "We would be pleased to sit down and renegotiate. But we have not been approached by anyone."

Some experts believe Davis wants to break the contracts more than he is willing to say, but he must maintain credibility with the providers with whom he signed agreements. The same people speculate that the governor, who blasted the PUC last week for failing to help implement the agreements, may have privately welcomed the commission's action as a step toward revising the agreements.

Power providers, meanwhile, continue to support the agreements.
"The contracts are good for the state and helped stabilize the market," said William Highlander, director of public relations for Calpine Corp.

The San Jose company is the largest provider under the controversial agreements, with some $13 billion in contracts. Calpine hopes to provide much of that power from new plants it is building within California.

Sempra says contract fair
The company has not been approached by the state to revise its agreements, said Highlander, and he declined to say how Calpine would respond to such an overture.

San Diego-based Sempra Energy, another major provider under the agreements, also insists its contracts provide power at fair rates to the state.

Michael Niggli, president of Sempra Energy Resources, said his company will provide power for about 4 to 5 cents per kilowatt hour, based upon current natural gas prices.

"It's pretty tough to say, 'Let's renegotiate the lowest price contract,' " Niggli said.
But V. John White, director of the Center for Energy Efficiency and Renewable Technologies, said Sempra's contract and others lock the state into power that consumers are unlikely to need, and too much of the electricity comes from non-renewable sources.

White says state consumers are being held hostage by some unnecessary posturing.
"There are indications from several generators that a call to renegotiate would be responded to," White said. "The generators say nobody asked us. The governor says nobody has volunteered.

"But the opportunity is there at this moment to renegotiate. Why don't we ask?"
*****************************************************************
State authority buying more power for 2002
Critics say it's too costly, perhaps unnecessary and may be sold off later at a loss
OC Register, 10.07.01
SACRAMENTO -- California's new power agency is rushing to buy more electricity for next summer, even as the state has come under fire for buying too much costly power and then having to sell it at bargain prices.

Moreover, another state agency says the state will have enough power - because of existing contracts and conservation - to get through the hottest of summers next year.

The new power purchases, which are being negotiated by the California Public Power and Financing Authority, could add as much as 3,000 megawatts of power to California - enough for about 2.3 million homes - by June. That would be in addition to the existing $43 billion in long-term agreements the state has already inked with power generators.

Many observers - even those supportive of the power authority's goal to increase cleaner, alternative energy sources in the state - are balking at the agency's rapid pace, saying consumers will end up paying more in the long run.

"We're dumping power and (authority Chairman) David Freeman is buying more power. What's up with that? It's absolutely ludicrous,'' said Harry Snyder, executive director of Consumers' Union, which publishes Consumer Reports.

A draft report by the California Energy Commission shows the state already has plenty of power for next year.
Without the extra power being negotiated by the power authority, even in a very hot summer, the state would have about 6,000 extra megawatts during peak periods, when it needs 63,800 megawatts, about a 9 percent cushion. That is if all power plants came online as expected and residents continued to conserve as they are.

In a normal summer, such as this year's, the state would have 10,000 extra megawatts above the average 59,000 megawatts it needs, roughly a 17 percent surplus.

Power authority officials counter that those surplus figures are estimates that depend on people conserving at the rate they did this summer. "The more we own of our own supply, the more we can control the market,'' said state Treasurer Phil Angelides, an authority board member.

Said Freeman: "We are thinking our way through what we should do for next summer. That why we get paid the big bucks."
New contracts would increase 'green' power
In addition, at least one-third of the new energy the power authority is trying to buy - 1,000 megawatts - would come from solar, wind and other renewable energy providers, officials said.

Such generators were left out when the state signed its initial round of contracts. Bringing on 1,000 more megawatts would increase the portion of the state's energy derived from renewable resources to 13 percent. The long-term goal is 17 percent.

The remaining power purchased under the new contracts, perhaps 2,000 megawatts, would be from so-called "peaker'' plants - less efficient jet-engine-like generators that are turned on only during emergency shortages.

The emphasis on these natural gas plants irks many environmentalists, but proponents of them say these would be a new generation of gas peakers. While not preferable to conventional generating plants, they would pollute less than the peakers currently being pressed into service. If California can build new, more efficient ones, it can retire the old polluting ones, the argument goes.

Nonetheless, critics fear the state, rushing into new negotiations, will leave ratepayers with more expensive power contracts. They note that the authority hasn't completed an assessment on exactly how much power it really needs and what it wants for the state's power portfolio. That assessment won't be done until February.

"I hope they have a basis on which they've determined they need those (3,000) megawatts of contracts,'' said Lenny Goldberg, a lobbyist for The Utility Reform Network, a consumer watchdog group.

Businesses worry new pacts will hurt them
Even the state's businesses are critical.
They believe that the more expensive long-term power there is under state contract, the less likely lawmakers are to businesses go into the open market to buy the cheaper electricity they think they can get there.

Lawmakers, they believe, will want to force businesses to continue to buy power under the contracts they've negotiated because if the businesses were allowed to pull out, residential customers alone would be left paying the higher prices that those contracts dictate.

Lawmakers are reluctant to put any more burdens on the average consumer, who they feel are the unintended victims of a severely flawed deregulation system.

"I would just as soon not see them negotiate any more contracts,'' said Jack Stewart, president of the California Manufacturers and Technology Association.

The state power authority was signed into law in May to build its own plants, help others finance them and compete with the private power companies. Leading the $5 million-a-year agency is Freeman, the former head of the Los Angeles Department of Water and Power and one of Davis' closest advisers during the energy crisis.

The Legislature's auditors are casting a critical eye at the power authority and will hold hearings next month.
"It's not an investigation,'' said Assemblyman Fred Keeley, D-Felton, chairman of the Joint Legislative Audit Committee. But "it's appropriate early and often to review their work in a public venue and have them held accountable for compliance of the law.''

Keeley's committee is looking into the planned purchases and he said he could not yet conclude whether the power authority's actions could help or hurt the state.

Freeman said onlookers have been too quick to criticize the state's work.
"The plain truth is we had blackouts last winter. We did what we could. We kept the rates stable and lights on,'' Freeman said. "Criticism is real easy with the benefit of 20/20 hindsight.''


Look at deals 99663 and 229143 for CNG/Sabine center contract I00059.  We did
this exact setup on several contracts today.

Sylvia A Campos
03/28/2000 04:09 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Capacity Deal tickets

Chris,
Will you have the same contract # and the same Pipeline under Market East
and East in the same month?  If so, this would mean 2 different Global Nos.
and that would create a problem downstream.  Please advise.

Sylvia

Chris Germany
03/28/2000 03:50 PM
To: Sylvia A Campos/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Marlene
Hilliard/HOU/ECT@ect, Dana Daigle/Corp/Enron@ENRON, Stephanie
Sever/HOU/ECT@ECT, Sherry Anastas/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
cc: David Oliver/HOU/ECT@ECT, Crystal Hyde/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Brenda H Fletcher/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT
Subject: Capacity Deal tickets

Effective April 1st, we will have several Transport Capacity tickets set up
under 2 desk, Market East and East.  All longhaul capacity on Tetco, Trco,
and Tenn will be set up under both desk.

All capacity on CNG, Iroq, Equit, Nat Fuel, and CGAS will be Market East.
Now, all of our current capacity on these pipes is either Bug, which goes
away on 4/1, or East.  So even on these pipes you will probably see the same
contract under both desk.

Comments/questions?


Successfully, missed another bullet !!!  I have meetings set up with Mariella
(the lady you like) and Dan Castingnola, who are the two highest ranked
performers in CALME, to see if they are interested in joining our team.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/06/2000
05:15 PM ---------------------------
 Office of the Chairman
From: Office of the Chairman@ENRON on 09/06/2000 05:10 PM
To: All Enron Worldwide
cc:
Subject: Organizational Changes

In support of Enron,s continuing efforts to increase its return on invested
capital and direct resources towards our highest return businesses, David
Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enron
APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank
Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts in
a corporate wide effort, to help monetize some of Enron,s assets.  David will
help transition the CALME business activities into other parts of Enron while
working with Mark on the asset monetization projects.  David will continue as
an Executive Vice President for Enron Corp and a member of Enron,s Executive
Committee.  Cliff Baxter will oversee this effort.

Consistent with these changes, the CALME group will be divided as follows.
Enron Global LNG and Enron,s Caribbean Basin activities will become part of
the new Enron Global Markets (EGM) group headed by Mike McConnell.  Rick
Bergsieker, President/COO of LNG will continue in that role and in his dual
role as President/COO of Enron Middle East, which will also join EGM. Shawn
Cumberland, President and COO of the Caribbean Basin unit and his executive
team will carry out the transition process for the Caribbean business unit's
people and businesses as part of EGM.  Management of its Colombia and
Venezuela businesses will transfer to Enron South America and its LNG-related
activities to EGM as described above.

The EES related initiatives and people will be transferred to those units.
All of the various international businesses will participate as usual in the
upcoming budget process with their new alignment and continue to meet their
plan targets for 3rd and 4th quarters.

Concurrently, we are consolidating our trading and merchant activities in
Japan and Australia into Enron Europe.  Joe Hirl and Paul Quilkey will report
to Enron Europe,s Office of the Chairman.

We congratulate David Haug and Rebecca McDonald for proposing these
realignments, which we agree, will maximize both the financial and
intellectual capital in Enron.  Over the coming weeks, specific assignments
and reporting relationships will be determined and communicated.


Yes.  I would handle this through expense reimbursement.

	From:  Sheila Glover                           12/15/99 04:19 PM

To: Kim Melodick/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: CFA Exam and Seminar

Kim,
Bennett Kaufman finished his MBA this month.  He want to take the CFA exam
and I support this effort/applicability.
What do we need to do to cover costs?  Can he just sign up and we process
through expense reports?
Thanks. Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 12/15/99 04:16
PM ---------------------------

Bennett Kaufman
12/15/99 03:40 PM
To: Sheila Glover/HOU/ECT@ECT
cc:
Subject: CFA Exam and Seminar

---------------------- Forwarded by Bennett Kaufman/HOU/ECT on 12/15/99 03:39
PM ---------------------------

	Enron North America Corp.

	From:  Info Central @ ENRON                           12/13/99 06:17 PM

Sent by: Enron Announcements@ENRON
To: All Enron Houston
cc:
Subject: CFA Exam and Seminar

Chartered Financial Analyst (CFAc) Exam June 3, 2000

The Chartered Financial Analyst (CFA) Program:
 Globally recognized standard to measure abilities of financial analysts
 Curriculum develops fundamental knowledge of investment principles
 Three levels of examination measure a candidate's professional level
  Register for the exam, using your own credit card, at
 http://www.aimr.org/knowledge/cfaprogram/
   Enron will reimburse employees in the Associate/Analyst programs only once
per level.
   For those outside the A/A Program interested in taking the exam,
talk to your HR rep to get details on how costs can be covered

Not yet registered?  Register before the next price increase February 1
Due to the heavy volume of 2000 CFA registrations, processing may take over
six weeks.

CFA Study Help through Stalla Study Seminars & Manuals
              (Enron,s preferred provider):
Manuals will be sent in bulk to Info Central EB 2801:
 Level 1 ) December 15
 Level 2 ) December 30
 Level 3 ) January 15

When manuals are picked up in EB2801, you may:
? Purchase the manuals  ($265)
? Purchase the manuals + sign up for the seminar ($495)

All Interactions with Stalla will be through Info Central.
Questions may be directed to Javier Espinoza at 713/853-4296.

Exam Location:  University of Houston Hilton Conference Center
Dates:  Levels 1 & 2  - March 16-19, 2000
  Level 3 ) March 18-19, 2000
Cost:  Manual only (2 volumes)  - $265
  Seminar + Manual - $495


CALENDAR ENTRY:	INVITATION

Description:
	Do Not Delete - Repeat parent for Sally out of office

Date:		8/29/2000
Time:		2:44 PM - 3:44 PM (Central Standard Time)
Tentative

Meeting Dates:
	8/29/2000, 8/30/2000, 8/31/2000

Detailed Description:


Here is the capital cost comparison analysis.
Ben Rogers
3-7998


Fall Recruiting for Associates & Analysts is here once again and you have been elected to participate in our Super Saturday Event!

This year, the onsite interviews are scheduled for two Saturdays in November.  On each Saturday, the top 9 - 12 candidates from our local schools will be present.  This will help tremendously with our cross-calibration process.  The dates and schools are as follows:

	Saturday, November 10, candidates will be drawn from:
		University of Portland
		University of Oregon
		University of Washington
		Washington State University

	Saturday, November 17, candidates will be drawn from:
		Portland State University
		UC Davis (Associate candidates only)
		Oregon State University

We will need you to participate in at least one of these Saturday events.  We will also need 5-6 people to overlap and attend both Saturdays, so please volunteer if you are able.  (PS:  If we don't have enough overlap, we will have to begin "drafting", so please help out where you can.)

TASK ITEM:  Please respond to this message, indicating which Saturday(s) you will be able to attend.

If you have any questions, please give me a call.  Thank you in advance for your help.  It is very much appreciated!

Julie K
x7404


At the request of Marguerite Kahn, attached is the Assignment and Assumption
Agreement marked to reflect her comments.

 <<blackiline - Assignment and Assumption.DOC>>  <<Assignment and Assumption
Agreement.DOC>>

"paulhastings.com" made the following annotations on 04/13/01 22:57:54
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of conventional
first name and last name plus @paulhastings.com.  Here are two examples:
janesmith@paulhastings.com and danjones@paulhastings.com.  If you have any
questions, please contact us at noc@paulhastings.com.

==============================================================================
"The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from all
computers."

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

 - blackiline - Assignment and Assumption.DOC
 - Assignment and Assumption Agreement.DOC


I'm low on clean clothes...I need to think if I have something to wear!

Gabriel Monroy
12/13/2000 05:14 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: I'm Safe Now

I remember when I was Looking for an apartment the locator always made a sale
pitch on the fireplace. I always said I didn't care. This is the time  when
you regret that, but anyways.   I first thought of just going to dinner, then
I thought of maybe doing something else.  Now, I don't know anything.  Why
do  you need to know if we do something else?   Do you worry you might go to
bed a little late?   I do not want you to not get a good sleep just because
of my birthday!!

I'll keep thinking. I will be here and probably will not go to my french
class. I need to finish something and would rather skip french that be
working here after class.

Gabriel

Robin Rodrigue
12/13/2000 04:22 PM
To: Gabriel Monroy/HOU/ECT@ECT
cc:
Subject: Re: I'm Safe Now

So are you thinking going to dinner or something else?  I need to know if you
just can decide on a resturant or you can decide on what to do?  And if you
want to do something other than eat you need to let me know.

We could just curl up in front of the fireplace...oh wait neither of us have
a fireplace.  Guess we'll have to think of something else.


I went to see the horse!  I like the color although I did not get a good look as someone was there and had him out with one of the mares.

 Have a Great Weekend !!!

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


can you program my steno in the offices like the ones on my desk?


I agree w/ chris's recommendation- you too?
---------------------- Forwarded by Richard Shapiro/HOU/EES on 08/10/2000
06:10 PM ---------------------------

Chris Long@ENRON
08/10/2000 05:12 PM

To: Mark E Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Mark Taylor/HOU/ECT@ECT, Joe Hillings/Corp/Enron@ENRON,
Cynthia Sandherr/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron
cc: raislerk@sullcrom.com, Allison Navin/Corp/Enron@ENRON
Subject: CFTC Reauthorization

At his request, I met Lee Sachs, Assistant Treasury Secretary, who had
requested the meeting after a brief conversation recently.  Lee said that
senior-level negotiations led by Secretary Summers were initiated last week
between the CFTC and SEC and that progress was being made on the single stock
futures issue (the major issue postponing movement of the legislation).

As you know, the House completed committee work on HR 4541 before it
recessed.  The bill will now is pending before the Rules Committee where
differences will be worked out between the three different Committee versions
(Agriculture, Commerce, and Banking).  The Senate Agriculture Committee
passed out the Senate version in July.  However, the bill is not moving
quickly in the Senate due to Senator Phil Gramm's desire to see significant
changes made to the legislation (not directly related to our energy
language). Last week at the Republican Convention, I asked the Senator about
the bill and he said they were working on it, but much needs to be changed
for his support.  More telling perhaps, were Wendy Gramm's comments that she
would rather the current bill die if a better bill can be passed next year.
What this means is that we must, at the least, remove Senator Gramm's
opposition to the bill to move the process and more importantly seek to gain
his support of the legislation.

Lee Sachs message was just that.  I told Lee that we shared his desire to
move the legislation as long as it contains a full exclusion for all
non-agriculture commodities (including metals).  He said that we would have a
difficult time defending the metals provision politically. But, Lee said  "we
would not find Treasury opposition to the House Commerce Committee language"
(which includes favourable language on energy and metals).   This is a
positive development, because it isolates the CFTC from its key defenders and
I hope ensures no veto threat on our issues.  However, I do not expect
Treasury to be vocal in support of our position.  It is clear that
Congressional leaders and the Administration want to get this bill done this
year and there remains a good opportunity for enactment.

However, with less than 20 or so legislative days left, we need Senator Gramm
to engage.  A call from Ken Lay in the next two weeks to Senator Gramm could
be an impetus for Gramm to move his staff to resolve the differences.  Gramm
needs to fully understand how helpful the bill is to Enron.  Let me know your
thoughts on this approach.   I am prepared to assist in coordinating the call
and drafting the talking points for a Ken Lay/Sen. Gramm call.


As we all deal with the fallout from the California scene, I wanted to make
sure everyone was aware of the recent report of the UK's National Audit
Office (a highly creible organisation, along the lines of the US's General
Accounting Office, even similar function; independent, too), saying that
household electricity bills had been cut by 750 million pounds (if you are a
Yank, multiply by 1.5 for dollars saved), since the industry was opened to
competition two years ago.  Of course, much of this may be attributable to
the divestment of assets in the oligopolistic generation sector, now
competitive, but it is a very fari example of the benefits of competition and
should be cited as a counterweight to those arguing that competition is a
"failed experiment".  Paul Dawson, head of our UK regulatory team, can
provide any necessary further insights./details.   mcs


just wanted to let you know that as of tomorrow i will no longer have access
to this email

please send me any emails to -

edna.l.lopez@us.andersen.com

**********************************************************************
This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please
forward the message to plains.service.desk@paalp.com.

This footnote also confirms that this email message has been swept
for the presence of computer viruses.

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


ok, but i'm warning you.  you have your hands full.  my dad always told me that if someone ever kidnapped me they would bring me right back.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 12:18 PM
To:	Nelson, Michelle
Subject:	RE:

i can take it, and its a deal on the new clothes thing

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 12:17 PM
To:	Maggi, Mike
Subject:	RE:

i don't know about that.  i'm a brat!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, November 21, 2001 12:16 PM
To:	Nelson, Michelle
Subject:	RE:

i think i could

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, November 21, 2001 12:14 PM
To:	Maggi, Mike
Subject:

see, you couldn't handle me.  i am a freak!!  :)


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FYI, I will be touching base with you all regarding the parts that pertain to
you with respect to checking out the deals being assigned.

Thanks,
Tracy
---------------------- Forwarded by Tracy Ngo/PDX/ECT on 03/15/2001 11:00 AM
---------------------------

"Cukierman, Joram (CICG - NY SWAPS)" <jcukierman@exchange.ml.com> on
03/15/2001 10:50:29 AM
To: "'Tracy.Ngo@enron.com'" <Tracy.Ngo@enron.com>, "Sheybani, Robert (CICG -
NY SWAPS)" <Robert_Sheybani@exchange.ml.com>, "Yaish, Yair (OGC)"
<YYaish@exchange.ml.com>, "Orr, Tom (Corp Credit - NY)" <TOrr@exchange.ml.com>
cc:

Subject: Trade Assignments

Tracy,

Attached find the trades we have in our system. Please note that the last tab
("Merrill Final") will not be assigned to Allegheny Energy. We are currently
in the process of reconciling all the trades wit your spreadsheet. We propose
to use the attached spreadsheet as the master list for the trades to be
assigned with the understanding that any discrepancies discovered between
your records and our records will be mutually resolved by no later than April
1st. This proposal is based on our phone conversation, whereby you indicated
that your file might not represent the full trade population.

I have counted the trades by execution:

Gas

Daily Options 9
Nat Gas Swap 41

Power

Phys Power 623 (excluding the 4 trades not to be assigned)
Cal Option 1
Power Swap 13

Not to be assigned

UCC  1
Physical Power 4

If you have any questions please do not hesitate to contact me.

Best Regards,

Joram Cukierman

------------------------------------------------------
<<Enron_Final_Version.xls>>
Merrill Lynch Global Energy Markets
2 World Financial Center
36th Floor
New York, NY 10019

Tel  (212) 236-7248
Fax (212) 449-0254

 - Enron_Final_Version.xls


Raymond -

Since I have not seen any other responses to your e-mail, I am concerned.

In item 1 of your email, what I think you describe here sounds like NERC's
"functional model" or what came out of the CACTF work.  In that model they
said that check-out was only between GCAs and LCAs - intermediate CAs
(balancing authorities) would not need to know of the wheel throughs.
However, the TP function(s) from source to sink would need to see the tag to
manage their respective transmission assets.

I hope that what is described here is not NERC's functional model.  My
control area, too, is not prepared to change check-out and accounting
procedures suggested in the CACTF's work.

Perhaps, embedded in the 1.7 registry tables there are pointer's to/from TPs
to/from CAs and this is why intermediate CAs are optional in OATI's tag
agent.  However, as you point out, there is not a one-to-one correspondence
of TP to CA or vice-versa within the WSCC.  I hope that there are experts
out there that can answer this item and tell us every thing is going to be
all right.

Items 2 & 3 seem to touch on a current debate going on in the NERC IS and
TISWG email forums on extensions of tags.  From those discussions, one thing
seems to be clear, once a tag reaches its stop hour and that transaction
ends, it is considered finished or in 1.7 speak, Dead.  It can not be
restarted or extended.  However when where how much an extension be for is
still be debated.

Hope the answers come soon, seems a bit late in the game to have so much
uncertainty out there.

Robert Harshbarger
Puget Sound Energy
OASIS Trading Manager
425.462.3348 (desk)
206.604.3251 (cell)
mailto:bharsh@puget.com

> ----------
> From: 	RAYMOND VOJDANI[SMTP:AVOJDANI@wapa.gov]
> Sent: 	Monday, January 28, 2002 4:54 PM
> To: 	Interchange Scheduling & Accounting Subcommittee (ISAS)
> Subject: 	Re: E-Tag 1.7 Test Procedure
>
> Hi Steve,
>
> As we approach the impending implementation of E-Tag 1.7, we have begun
> reviewing and studying the new features of the Tag Services interface as
> explained at the NERC Workshops and as developed by our vendor, OATI.
> The implementation of the E-Tag 1.7 Specifications has raised some
> questions.
>
> 1. On the section of the tag where the PSE creates the Physical Path
> for the transaction, there are required fields for the Generating
> Control Area, the Load Control Area, and the intermediate Transmission
> Providers.  There is not a requirement to document the intermediate
> Control Areas (there is a location to include them as Scheduling
> Entities, but those fields are optional).  This would seem to be a
> significant obstacle to providing all Control Areas the information they
> need to perform hourly schedule checks with their neighboring Control
> Areas.  Also, in WSCC, where certain Control Areas are responsible for
> managing constrained paths, this would be an obstacle in determining
> scheduled flows across the constrained paths.  It is possible (even
> likely) to create tags where the Control Area would not see the tag,
> because the transmission used is owned by Transmission Providers other
> than the Control Area.  Was it the intent of the NERC E-Tag 1.7
> Specification to remove intermediate Control Areas from visibility and
> approval of the tags?
>
> 2. Once an E-Tag has been approved, and has achieved the Implement
> state, it appears to have immortality.  Even when the 'final hour' of
> the current version of the tag has passed, the tag does not appear to be
> inactive; it is available for the creating PSE to access and extend by
> an Adjust request.   This feature could potentially bog our system down
> with numerous tags that are presently 'inactive' but always available
> for adjusting.  Did the NERC specifications intend for an Implemented
> tag to eventually become 'inactive' and unavailable for adjustment?
>
> 3. A related concern to tag Adjustment Requests; under E-Tag 1.7, a PSE
> may now create a tag and accomplish ongoing scheduling through the
> Extension of the tag by adjusting (oh, boy, account number scheduling
> has returned).  At the NERC E-Tag 1.7 Training Workshop, the Timing
> Requirement for Profile Changes, WSCC, is 15 minutes to evaluate any
> early notice.  This could be a significant business change; the PSE can
> accomplish preschedule functions by requesting tag extensions (15
> minutes evaluation time) rather than creating new tags (3 hour
> evaluation time).   The clear distinction between Next Day schedules and
> Real Time schedules is being lost.  Perhaps the evaluation time of an
> any Profile Change Request could be linked directly to the impact time
> of that change request, similar to the timing requirements for
> submission and evaluation of New Tag Requests.
>
> Considering the above shortcomings, especially item #1, it is
> impossible for us to move toward implementation of E-Tag 1.7, for, we
> will not be able to  check out the net interchange with our neighboring
> control areas or be able to manage the constrained paths in our control
> area. Please give me a call should you have any question or if you want
> to discuss this further.  Thanks.
>
> Raymond
> (970) 461-7379
>
> Raymond R. Vojdani, P.E.
> Transmission Scheduling and Security Manager
> Rocky Mountain Region
> Western Area Power Administration
>
>
> >>> <sccobb@srpnet.com> 01/25/02 05:08PM >>>
> ISAS Members,
>
> Attached is a draft test procedure for E-Tag 1.7. It was created and
> approved by a small "swat team" of ISAS members and WSCC Staff. Please
> review this draft procedure and provide any comments you may have by
> 1200
> MST Tuesday, January 29, 2002.
>
> Thanks.
>
>
>
>
>  <<E-Tag  Functionality Test Ver 1_1-25-02.doc>>
>
>
>
>
>


Mark:  Do we have any special considerations/expertise with respect to the
evaluation of "internet trading platform" agreements?  I am starting to see
more of these from Gary's group.  Please let me know.  Currently, I have
Jason evaluating two of these.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 08/07/2000 09:08 AM -----

	Mike Fowler@ENRON
	08/07/2000 08:46 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Intelligent Markets / Buy Side Direct

I recently joined Jeff Kinneman's group and have been asked to participate in
the evaluation of various internet trading platforms.  Is your area reviewing
agreements / legal issues related to the Buy Side Direct site or its parent
Intelligent Markets ?  Could I get an update on the status of this review and
any outstanding issues ?

Thanks.

Mike
x39990


Attached are summaries of several recent SoCalGas advice letters.? No
protest material here.
?
Dan
 - 7-12-01 SoCalGas AL Summary Chart.doc


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/15/2000
09:17 AM ---------------------------

	From:  Mike McConnell                           12/14/2000 06:56 PM

To: Jeffrey A Shankman/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT
cc: Larry Lawyer/Enron Communications@Enron Communications
Subject: org announcement

All,

Here is the latest draft.  Please make any changes you want and return.
Paper mark up is best.  Also please leave as a separate word document if you
do it via email  for ease of changing and converting to email late afternoon.

Cathy, please review for your normal grammar and corrections.  I realize that
this is a draft but it will help to have your changes early even though we
will be making additional changes in the afternoon.

Larry, I would like your feedback and commentary as well.

Thanks,
mike


All,

I have looked over the U.S. credit GTC and the long descriptions. I see we
have decided to go with quarterly billing, rather than monthly. Will the
payment/collections cycle cause any heartburn for the back office?

I didn't spot any problems with the long descriptions.

A few relatively minor comments on the GTC's - which you may or may not want
to consider:

- Clause 2.(e) (i) (1) - Does this clause preclude us from doing business
with banks or other financial institutions? Could we append: "with regard to
the Transaction"?

- What happens if a Rep or Warranty is broken? Does that constitute
sufficient breach to terminate the contract? I'm thinking specifically about
sleeving, which is perhaps covered by Clause 2(e)(ii)(1)? I still think that
sleeving is one of the most significant commercial risks faced by online
trading of derivatives. If I were working for a third party, I'd immediately
look for ways to set up a sleeving service to sell credit protection to the
Reference Entities where the Reference Entity or its affiliate views its own
risk differently from Enron. If I were the Reference Entity in question, I'd
consider:
 a) Buying a load of protection via sleeving and then declaring bankruptcy -
then do a Phoenix (in the UK at least)
 b) Buy a load of protection via sleeving, then take the Credit Derivatives
to another third party financial institution and using the credit derivatives
as collateral to increase my line of credit - I'm no expert, but I suspect
there might be an interesting leverage effect here, which might actually
cause a significant increase in Enron's risk exposure.
 c) Like (b), only the financial institution could buy the credit derivative
with or without the need for sleeving - we probably need a restriction on
this? (I know financial institutions are not our preferred counterparts up
front, but if I were a financial insitution, I'd quickly find a way around
this limitation - Affiliates or Sleevers.

-  Do you think it would beneficial to strengthen our protection against
sleeving by adding something to Clause 2, like: "It is not entering into a
Transaction for the purpose of concluding a similar transaction with the
party (or any Affiliate of such party) which is the Reference Entity in the
Transaction".

- Should Def'n of "Contract Currency" be "Contractual Currency"?
("Contractual" is also used in the Long Descriptions)

- Def'n of "Credit Product" - after "Entity", should we insert "which is"?

- Are we being a bit too nasty by defining the Determination Agent as
"Enron"? As the reference to Determination Agent in the contract is in a
context similar to that of an arbitrator, it seems a bit cheeky to then
define ourselves as the arbitrator - would this be enforceable if we were in
court?

I'm assuming the other GTC's are very similar to the U.S. one and I have not
read them.

Dave


I think we should find a spot on enron.com to describe management changes.
 -----Original Message-----
From: 	Maredia, Amin
Sent:	Wednesday, August 22, 2001 2:16 PM
To:	Kean, Steven J.
Cc:	Rieker, Paula
Subject:	Management Changes (Conf. call script)

Steve,
Find attached information on management changes from the conference call script.  If you need additional information please advise.

AMIN
Investor Relations
_____________________________________________________________________________________________________

Management Changes

Let me also update you on some recent management changes that reflect the broad, deep team that we have at Enron.

Lou Pai, former Chairman and CEO of Enron Energy Services, is no longer with Enron, and we thank him for his years of service.  Tom White, who had served as Vice Chairman with Lou, accepted the position of Secretary of the Army.

Dave Delainey has taken over as Chairman and CEO of Enron Energy Services.  Dave is extremely well prepared for this new role, and we look forward to investors getting to know him.  Seven years ago, Dave joined Enron Canada, where he led the growth of our Canadian business, then led all our North American origination activity and most recently ran our entire North America wholesale business.

Many of you know Kevin Hannon, who had been president and COO of our broadband business.  Kevin is now CEO of our global asset operations, which includes all our assets and activities outside of North America and Europe.

Jim Fallon was recently named President and Chief Operating Officer of Enron Broadband Services.  Jim was instrumental in developing Enron's power marketing business.  For the last year, Jim has been responsible for all of EBS' domestic and international bandwidth intermediation activities.


Victoria,

Efrain Lopez is no longer with EcoElectrica. Send them to the attention of Oscar Cedeno at the address below.

Have a great weekend!!!

Paul

-----Original Message-----
From: Victoria.Hale@dynegy.com [mailto:Victoria.Hale@dynegy.com]
Sent: Friday, October 26, 2001 8:37 AM
To: Y'Barbo, Paul
Subject: EcoElectrica - Shipping Documents

Hi Paul.

I am in fact about to send some documents to EcoElectrica - can you confirm
I should still be sending them to Efraim at the below address?

(These docs are for the Helice : Cargo Op 10 : B/L dtd 01 October 1999).

Many thanks.
Victoria

---------------------- Forwarded by Victoria Hale/HOU/Dynegy on 26/10/2001
12:24 ---------------------------

Victoria Hale
24/10/2001 14:02

To:   Paul.ybarbo@enron.com
cc:

Subject:  EcoElectrica - Shipping Documents

Hello Paul

Sorry it's taken me a while to get back to you but I have been out of the
office on vacation for a week.  I think you asked me to verify to whom and
where we sent original shipping documents.
|-----------------------------------------|
|                                         |
| EcoElectrica, L.P.                      |
| Plaza Scotiabank                        |
| Avenida Ponce de Leon 273, Ste 902      |
| Hato Rey, 00917                         |
| Puerto Rico 00624                       |
| Attn: Efraim Lopez                      |
|                                         |
|-----------------------------------------|

Trust this is the information you require.

Best regards Victoria.


R U still in the office??????   Call me!!

djmollenkopf@aep.com on 04/02/2001 03:40:00 PM
To: Chris.Germany@enron.com
cc:
Subject: Re: Yo

Soooooooooooo, does that mean you will be coming to the Doubletree after
your 3/4 mile run and 3 pushups or should I attempt to call you.

DJM

Chris.Germany@enron.com on 04/02/2001 03:29:38 PM

To:   djmollenkopf@aep.com
cc:

Subject:  Yo

For tomorrow, I believe I'll work out tomorrow after work and I should
still be back at my desk by 6:30 pm.  Just in case, my pager number is
877-498-5497.

BUDDY!@!!!


Mark Lay:  Again, thank you for listening to my concept.  In my search for
co-foounder/collaborators and
angel investors, disclosing the concept (for lack of a better title now, I
call the system "LifeTrak")
and formulating a simple, clear picture is not easy.  The attached schematic
depicts an overview of the
effort.  Part of the diagram hopes to separate the special interests as
participants and member
organizations so as to be helpful in the public sector with social issues.
The groups fall into two
natural sectors;  (1) supply generators; and (2) user/service organizations.
In the middle is the system
and its management that interconnects those benefiting groups and the
donor/recipient LifeTrak
cardholders.  I can embellish more on these later.  The diagram gives us a
place to begin discuss and
talking points in order to try to simplify how the concept could be developed
and supported and where the
revenue model which creates dramatic efficiencies generates management and
license fee.  I hope we can
get together soon.  Although Vince Kaminski cannot directly contribute due to
his other commitments, I
have copied him to keep him advised (hoping that he might be able to do more
at a later date.).  Best
regards, Al Arfsten

Mark.Lay@enron.com wrote:

> I did understand that you were still at the concept stage.  It is a very
> interesting proposal and I would like to think about it.
>
> Thanks,
> Mark
>
>     -----Original Message-----
>    From:   Al Arfsten <arfsten@bflassociates.com>@ENRON
>
[mailto:IMCEANOTES-Al+20Arfsten+20+3Carfsten+40bflassociates+2Ecom+3E+40ENRON@
ENRON.com]
>
>    Sent:   Thursday, January 25, 2001 10:45 AM
>    To:     Lay, Mark
>    Subject:  [Fwd: New Commodity Marketplace Opportunity]
>
>    Mark:  Per our brief conversation this morning, the attached email was
>    sent to you yesterday.  I hope that you might understand that I am
>    conceptually looking for "founders" and at the "pre" business plan
>    stage.  There is an enormous problem existing with a very attractive
>    economic reward and willing participants needing this solution.  I need
>    help.  Al Arfsten 713 965 2158
>
>    Content-Transfer-Encoding: 7bit
>    X-Mozilla-Status2: 00000000
>    Message-ID: <3A6F4DF1.B96146EE@bflassociates.com>
>    Date: Wed, 24 Jan 2001 15:49:37 -0600
>    From: Al Arfsten <arfsten@bflassociates.com>
>    Organization: BFL Associates, Ltd.
>    X-Mailer: Mozilla 4.7 [en]C-CCK-MCD NSCPCD47  (Win98; I)
>    X-Accept-Language: en
>    MIME-Version: 1.0
>    To: mark.lay@enron.com
>    Subject: New Commodity Marketplace Opportunity
>    Content-Type: text/plain; charset=us-ascii
>
>    Mark Lay:  I shared confidentially with Vince Kaminski my developing
>    concept of a highly inefficient not-for-profit enterprise with
>    dramatically increasing costs.  I believe that a for-profit economic
>    model is possible that should reverse these skyrocketing costs and
>    ultimately lower the commodity thereby having a national, if not, global
>    impact of health care costs.   Vince seems to also believe in the
>    concepts potential.  The CEO of one of the biggest U.S. blood banks has
>    already asked to become involved.   I would like involve more people
>    with vision, means and desire to help make this a reality.  I would look
>    forward to meeting with you to talk further.  Al Arfsten 713 965 2158

 - LifeTrak Vision Chart 012601.doc


Jason:  Please stay in touch with Sarah.  We really do need to finalize with
Bank One by Friday!!!!!!!!!!!!!!!!!!!
----- Forwarded by Sara Shackleton/HOU/ECT on 06/21/2000 08:38 AM -----

	Sarah Wesner@ENRON
	06/20/2000 07:24 PM

		 To: Joseph Deffner/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: Differences

Joe - attached is a first shot at getting a handle on all the differences
between the proposed and existing margin lines.  I plan to do more analysis
with respect to covenants and warranties but this hits the main points.  The
analysis between rates will be very complex and may be something best left to
the research Group.  We can go through why this is such a complex issue to
model.  What I do plan to do is update historical info. so that based on the
past we can make general statements such as over time Fed Funds + X bp <,>,=
to LIBOR + X bp.

A quick synapses of difficult items:

Commissions vs. Margin lines - will trading desk use facility for many trades
or less frequent trades for smaller amounts
Short on Financial gas vs. Long on physical gas - cash flow differentials and
how we can model the cost of cash to fund the working capital (as you
explained to me today)
What positions the trader take and how our equity position is at that exact
time.  Will we trade in a similar fashion in the future?

From what I understand the trading desks do not have ready access to the
above  information in a format which lends itself to modelling of reasonable
complexity or do not wish to share it with us (understandable considering the
sensitive nature of the business.)  The ideal situation would be for the
desks to decide themselves whether a line makes sense for them based on the
pricing provided.  As mentioned above, I believe that we should be able to
explain why a certain base rate would be attractive but am not sure how to
estimate the value of a line to the traders without detailed information.
Perhaps the best division of labour would be for the desks to decide what
loan would be most valuable based on the desk's trading patterns while we
could focus on getting the line in place as quickly as possible.  If you
disagree, please let me know and I will try to rethink how to model this
appropriately.

Sarah