Please note, the Resolution Center hours have been reduced to 6 a.m. - 7 p.m. Monday thru Friday. You may contact the Resolution Center at 713-853-1411 or submit requests on-line at http://itcentral.enron.com.

We appreciate your cooperation in advance.

Customer and Business Services
Global Infrastructure


Dear Traders,

  Please join us for our weekly EnPower cleanup meeting next Wednesday 9-19-01 in Mt. Hood at 2 pm.
  Let us know if you will be unable to attend.
  Hope to see you all there!

  Virginia, Mike, and Caroline


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 10/09/2000
01:49 PM ---------------------------

"Modi, Rishi" <rishi.modi@csfb.com> on 10/09/2000 11:42:35 AM
To: "'benjamin.rogers@enron.com'" <benjamin.rogers@enron.com>
cc:
Subject: data room procedures

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and
all
copies of it from your system, destroy any hard copies of it and notify
the
sender.  You must not, directly or indirectly, use, disclose,
distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.
Any
views expressed in this message are those of the individual sender,
except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message
is
indicative only, is subject to change and does not constitute an offer
to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - procedures.doc


Thursday January 20, 4:51 pm Eastern Time

Company Press Release

SOURCE: Enron Corp.

Enron Hosts Annual Analyst Conference; Provides
Business Overview and Goals for 2000

HOUSTON, Jan. 20 /PRNewswire/ -- Enron Corp. (NYSE: ENE - news) hosted its
annual equity analyst conference today in
Houston. Ken Lay, Enron chairman and chief executive officer, opened the
conference by highlighting Enron's tremendous
growth across all businesses and the outstanding 700 percent return to
shareholders over the past decade.

     Enron presented key objectives for 2000:
     Continued strong growth in the core Wholesale Energy businesses.
     Break-out performance from Retail Energy Services.
     Rapid development of Enron Broadband Services.

Enron's ability to extend core skills and competencies to new markets was a
recurring theme throughout the day.

Wholesale Energy Business

Growth prospects remain strong for Wholesale Energy Operations and Services,
Enron's largest business. Wholesale energy
growth in North America is expected to be driven by the continuing
deregulation of power markets in the United States and
large-scale energy outsourcing by utilities and large energy consumers. Enron
expects to continue to broaden its early lead
across the European continent as markets quickly open to competition.
Finally, Enron is rapidly expanding its wholesale
presence in other markets such as Japan, where large customers will be
permitted to choose their electricity provider in March
2000.

EnronOnline will provide additional wholesale growth as incremental sales are
generated through this innovative, Internet-based
transaction system. Over 450 customers around the world have used EnronOnline
and over 10,000 transactions have been
completed since its introduction in late November 1999. Yesterday,
EnronOnline transaction levels reached a new record with
over 700 transactions, representing a notional value of $250 million.
Transaction processing costs with EnronOnline are
significantly lower than costs associated with traditional transaction
methods.

Enron's Gas Pipeline Group is also well positioned to continue growing, with
expansions planned or underway on several of its
systems.

Retail Energy Services

With over 16,500 facilities under management, the infrastructure is in place
to service customers worldwide. As the strong
contracting momentum continues, Enron Energy Services is poised to rapidly
increase earnings in 2000. Enron Energy Services'
goal for 2000 is to sign new contracts representing $16 billion in future
expenditures by customers for energy and energy
services, nearly double the level in 1999.

Enron Broadband Services

The new name of Enron's communications business, Enron Broadband Services,
reflects its role in the very fast growing market
for premium broadband services. Enron is deploying an open, flexible global
broadband network controlled by software
intelligence, which precludes the need to invest in a traditional
point-to-point fiber network. This Enron Intelligent Network is
widely interconnected to both other wholesale bandwidth carriers and to
Internet service providers, thus providing the platform
for two new Enron business centers, bandwidth intermediation and broadband
content delivery.

A direct transfer of Enron's core market making and risk management skills
from its energy businesses, bandwidth
intermediation will provide capacity- holders a vast array of alternatives
for flexible, low cost capacity. Enron will also provide
premium broadband content services, such as high-quality video-streaming and
large broadband file transfer, with differentiated
levels of quality in a usage-based business model.

As announced in a separate release, Enron also reached an agreement with Sun
Microsystems that provides for accelerated
development of broadband Internet services.

Enron is one of the world's leading electricity, natural gas and
communications companies. The company, which owns
approximately $34 billion in energy and communications assets, produces
electricity and natural gas, develops, constructs and
operates energy facilities worldwide, delivers physical commodities and
financial and risk management services to customers
around the world, and is developing an intelligent network platform to
facilitate online business. Enron's Internet address is
www.enron.com, and the stock is traded under the ticker symbol, ``ENE.''

This press release includes forward looking statements within the meaning of
Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Although Enron believes
that its expectations are based on reasonable
assumptions, it can give no assurance that its goals will be achieved.
Important factors that could cause actual results to differ
materially from those in the forward looking statements herein include
political developments in foreign countries, the ability to
penetrate new wholesale and retail natural gas, electricity and broadband
services markets, including the energy outsource
market, in the United States and Europe, the timing and extent of changes in
prices for crude oil, natural gas, electricity and
those relating to broadband services and content, the timing and effect of
changes in interest rates, the timing and success of
Enron's efforts to develop domestic and international power, pipeline,
communications, internet- related and other infrastructure
projects, and conditions of the capital markets and equity markets during the
periods covered by the forward looking
statements.

Contact: Gary Foster of Enron Corp., 713-853-4527.

SOURCE: Enron Corp.


I am fine with the change.
PL


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All:  I met with Rodney Malcolm and Finley Biggerstaff about the two 7-year
paper swaps between each of Garden State/CITI and ENA/CITI.  Who will be
handling credit for the new master and the transactions in general?  I am
told that this is a Q3 deal.  Thanks.  Sara

Molly:  I left you a vm about prior efforts to amend the ENA/CITI master.
Weren't ;you speaking wth someone at Citibank?


Yes this is the first time I've seen unrestricted Mid-C on any of their
confirmations.  Normally they have into Mid-C on the confirmations which I
know should be Mid-C excluding the into part.  Anyway, I will wait to clear
this two deals.  Keep me informed.
Below is the two confirms they sent me.

   Kate Symes @ ECT                04/27/2001 03:50 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: MISSING DEALS

595511 - buy Idaho, May, Mid-C, 330

And on the Bloomberg confirms re: Mid-C - I'm pulling up the contract through
Livelink, because Sean wants to make sure the language does not allow for
curtailment at Mid-C if another unit in the path goes down. He says our Mid-C
is unrestricted anyway, so we shouldn't need another name in Enpower. Is this
the first time you've seen this delivery point name in a confirmation? Hold
off on this confirm for just a minute while I go over this with Sean.

Thanks,
Kate

Evelyn Metoyer@ENRON
04/27/2001 01:45 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: MISSING DEALS

Bloomberg
Mike Swerzbin

I am missing
Buy from Idaho May Mid-C  peak 25mw at $330.00

Also, Bloomberg sent over some confirmations for deal 595472 and 595473 and
the location is for unrestricted Mid-C.  Should we have this deal in enpower
as unrestricted Mid-C because if so it's not a selection currently.   Just
wondering!!


-----Original Message-----
From: 	navigator@nisource.com@ENRON [mailto:IMCEANOTES-navigator+40nisource+2Ecom+40ENRON@ENRON.com]
Sent:	Tuesday, June 05, 2001 10:03 AM
To:	navigator@nisource.com
Subject:	CAPACITY ALLOC-TIMELY NOMINATION FOR CYCLE JUNE 6, 2001

                      COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                  JUNE 05, 2001

Notice ID: 2777
5 - NO RESPONSE REQUIRED

SUBJECT: CAPACITY ALLOCATION-TIMELY NOMINATION CYCLE FOR JUNE 6, 2001
         PLEASE NOTE THAT ALL ALLOCATIONS ARE SUBJECT TO CHANGE BASED ON THE
         RECEIPT OF ANY NEW NOMINATIONS OR INTRADAY NOMINATIONS.

Excess MDWQ               Available +
ISS Withdrawals           Available
SIT Withdrawals           Available
Imbalance Drawdowns       Available
PAL Lends/Unparks         Available

Excess MDIQ               NOT Available +
ISS Injections            NOT Available
SIT Injections            NOT Available
Imbalance Paybacks        NOT Available
PAL Parks/Loan Paybacks   NOT Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Columbia Gas Transmission has completed allocating all of its receipt and
delivery points for the gas day of June 6, 2001.  You may now view the
quantities you are authorized to flow on June 6, 2001.  On the Internet
NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for Service
Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations.
The quantities confirmed to flow for your account are available on the Internet
NAVIGATOR after 5:30 p.m. Eastern Time on Tuesday, June 5, 2001.

If you have any questions, please contact your Account Representative.


I am only aware of 2 -Jane Coleman and Karen Gruesen (both in HPL)

Rod Hayslett

11/10/2000 06:47 AM
To: Lisa Sutton/FGT/Enron@ENRON
cc: James Saunders/FGT/Enron@ENRON, Frazier King/FGT/Enron@ENRON

Subject: Re: Jane Coleman, case 262558.

Well if her job actually requires access, we need to figure out a way to
grant it with rules.     How many others are there potentially in this
predicament?

	From:  Lisa Sutton                           11/09/2000 10:37 AM

To: Rod Hayslett/FGT/Enron@ENRON
cc: James Saunders/FGT/Enron@ENRON, Frazier King/FGT/Enron@ENRON

Subject: Re: Jane Coleman, case 262558.

No, the FERC module is not completely secured. Duane was referencing the
drill down ability to A/R only. Frazier recommends we prepare a policy and
state that HPL is not allowed access to the regulated information. We may
want to consider an enhancement next year to secure the FERC module by
company.

I will let you know when the policy is finalized and seek your approval for
Jane's access at that time.

Rod Hayslett

11/08/2000 06:58 AM
To: Lisa Sutton/FGT/Enron@ENRON
cc:

Subject: Re: Jane Coleman, case 262558.

Is this true?

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/08/2000
07:00 AM ---------------------------

	From:  Duane Fritz                           11/07/2000 12:00 PM

To: Rod Hayslett/FGT/Enron@ENRON
cc: Frazier King/FGT/Enron@ENRON, James Saunders/FGT/Enron@ENRON, Lisa
Sutton/FGT/Enron@ENRON

Subject: Re: Jane Coleman, case 262558.

Access to the FERC viewer role will allow access to all FERC drill down data.
From what I understand is the regulated companies were blocked from being
viewed by the non regulated.
No specific roles were mentioned in the memo.
Duane

Rod Hayslett

11/07/2000 06:43 AM
To: Duane Fritz/Corp/Enron@ENRON
cc: Frazier King/FGT/Enron@ENRON, James Saunders/FGT/Enron@ENRON, Lisa
Sutton/FGT/Enron@ENRON

Subject: Re: Jane Coleman, case 262558.

Are we sure that access to FERC data will allow access to all FERC data?

	From:  Lisa Sutton                           11/06/2000 05:43 PM

To: Frazier King/FGT/Enron@ENRON
cc: James Saunders/FGT/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON

Subject: Re: Jane Coleman, case 262558.

Frazier,

Do we have concerns? I believe the access requested is needed to satisfy
Intrastate requirements. If we approve, access to pipeline companies will be
available as well.

---------------------- Forwarded by Lisa Sutton/FGT/Enron on 11/06/2000 05:42
PM ---------------------------

Rod Hayslett

11/06/2000 04:58 PM
To: Lisa Sutton/FGT/Enron@ENRON
cc:

Subject: Re: Jane Coleman, case 262558.

Did we decide that this was OK?   She is ENA.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 11/06/2000
04:59 PM ---------------------------

Lisa Lunz
11/06/2000 11:34 AM
To: Rod Hayslett/FGT/Enron@ENRON, Danette Campbell/Corp/Enron@Enron
cc: Karry Kendall/HOU/ECT@ECT, Karen Gruesen/HOU/ECT@ECT, Jane
Coleman/NA/Enron@ENRON, Jim Coffey/HOU/ECT@ECT

Subject: Re: Jane Coleman, case 262558.

Please read below regarding Jane Coleman and her FERC Request.  Contact Karen
Gruesen @ 3-6571 for further information as to why Jane needs this role.

Thanks
Lisa Lunz
3-5634
---------------------- Forwarded by Lisa Lunz/Corp/Enron on 11/06/2000 11:28
AM ---------------------------

	Enron North America Corp.

	From:  Karen Gruesen @ ECT                           11/06/2000 11:01 AM

To: Lisa Lunz/Corp/Enron@ENRON
cc: Karry Kendall/HOU/ECT@ECT

Subject: Re: Jane Coleman, case 262558.

Jane DOES need the FERC role.  She will be running the assessments for the
FAR orders during the close process.  Co. 930 is a regulated entity and Jane
will be accounting for it.  She will need access to the FERC account
information in order to create the Rail Road Commission Report at year end.
Please let me know who we need to direct this to and I will discuss it with
them further.
Thanks,
Karen

Lisa Lunz@ENRON
11/06/2000 10:52 AM
To: Karry Kendall/HOU/ECT@ECT, Karen Gruesen/HOU/ECT@ECT
cc:
Subject: Re: Jane Coleman, case 262558.

Karry/Karen

 Jane has been denied a role below. Is this acceptable?

Please advise.
Lisa
---------------------- Forwarded by Lisa Lunz/Corp/Enron on 11/06/2000 10:46
AM ---------------------------

	From:  SAP Security                           11/06/2000 10:14 AM

Sent by: Danette Campbell
To: Jane Coleman/NA/Enron@ENRON
cc: Lisa Lunz/Corp/Enron@ENRON

Subject: Re: Jane Coleman, case 262558.

Jane,

You have been approved for the  TR CASH VIEW role, instead of the TR View
role as was requested, per Mary Perkins.  This will be effective the next
time you logon to SAP.  Please call the SAP Hotline at 713-345-4727 if you
have any questions.

The FERC roles that you requested have been denied.  If you do need these
roles, please send us a detailed business explation so we will be able to
send it to the approver with your request.

Thank you!
Danette

Rod Hayslett

11/06/2000 06:46 AM
To: SAP Security@ENRON
cc:

Subject: Re: Jane Coleman, case 262558.

Denied.    No reason given for access to FERC data.

	From:  SAP Security                           11/03/2000 05:10 PM

Sent by: Danette Campbell
To: Mary Perkins/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT, Mark Frank/HOU/ECT@ECT,
Georgeanne Hodges/HOU/ECT@ECT, Rod Hayslett/FGT/Enron@ENRON
cc: Karen Gruesen/HOU/ECT@ECT, Karry Kendall/HOU/ECT@ECT, Jane
Coleman/NA/Enron@ENRON, Lisa Lunz/Corp/Enron@ENRON

Subject: Jane Coleman, case 262558.

Per Lisa Lunz, Jane Coleman is an ENA employee requesting access to the
following roles, and they are pending your approval.
Please email your response to SAP Security.  If you have any questions,
please let us know.  Jane currently has access to the FI
CONSOLIDATED Viewer role only.

A business reason is in the attached Security Request Form below.

Pending approval from Mary Perkins:
TR VIEW

Pending approval from Jim Coffey:
PS VIEW
FN AM MAINTAIN & REPORT NON-FIXED ASSET DATA

Pending approval from Mark Frank:
EC CONSOLIDATION VIEW - LEGAL
EC CONSOLIDATION VIEW - TEAM REPORTING
FN CO ANAYLST
FN CO INTERNAL ORDER ANALYST
FN CO CCA PLANNER
FN CO PCA PLANNER
FN CO MASTER DATA CREATOR
FN GL JOURNAL ENTRY ACCOUNTANT

Pending approval from Georgeanne Hodges:
AR VIEW
AR CASH APPLIER

Pending approval from Rod Hayslet:
FERC DATA VIEW
FERC ACCOUNTANT

Lisa Lunz
11/02/2000 10:35 AM
To: SAP Security@ENRON
cc: Karen Gruesen/HOU/ECT@ECT, Karry Kendall/HOU/ECT@ECT, Jane
Coleman/NA/Enron@ENRON

Subject: Request - SAP Roles for Jane Coleman

Please disregard the first request.  This is the correct one.


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Biz School Blindness
Sank Enron

By JOHN LEBOUTILLIER

arvard Business School: It's called the West Point of
capitalism. In
fact,
the school's bottom-line-only philosophy has had a
poisonous effect on
American business practices. The Enron disaster is the
most recent -
and
spectacular - manifestation.

To illustrate my point, let me take you back to a
classroom at the
school in
the late winter of 1978. The course was productions
and operation
management, taught by Chip Bupp, a thoughtful and
serious man.

On this particular day, the case study involved a
company that
manufactured
a product that might be harmful, even fatal, to the
consumer. The
question
was, what should you do, if you were the company's
CEO, in such an
ambiguous
but potentially dangerous situation?

Several students offered suggestions, none of which
galvanized the
class.
Then a hand shot up, and Bupp said, "Jeff, what would
you do?"

Jeff, with his thinning blond hair, wire-rim
spectacles and slight
Southern
drawl, was one of the brightest members of the class
and a natural
leader.
When he talked, as the commercial used to say,
everyone listened.

"I'd keep making and selling the product," Jeff said.
"My job as a
businessman is to be a profit center and to maximize
return to the
shareholders. It's the government's job to step in if
a product is
dangerous." Several heads nodded.

Neither Jeff nor those who agreed with him seemed to
care about the
potential effects of their cavalier attitude. What if
the product
really did
harm consumers? How about the company's employees?
Were they in danger
during the manufacture of the product? What would
happen to the company
if
the CEO's decision was wrong?

Few in the classroom that day dared to raise these
questions. At
Harvard
Business School - and business schools nationwide -
you're considered
soft,
a wuss, if you dwell on morality or scruples.

As the years went by, Jeff had a meteoric career. He
became a partner
in the
McKinsey consulting firm. From there he joined Enron
and was soon
promoted
to president and chief executive officer.

Jeff is Jeffrey Skilling, who resigned under
unexplained circumstances
in
August after only six months on the job.

In two stock sales before and after his departure, he
cashed out $30.6
million worth of Enron stock.

Skilling and other senior managers encouraged
employees to buy and keep
Enron stock, even when things started to sour, while
they were
hurriedly
selling huge blocks of their own stock. And now Enron
has collapsed,
"the
largest bankruptcy case in American history,"
according to Sen. John
McCain
(R-Ariz.).

One analyst told CNBC, "It's the biggest insider
trading scandal ever."
Another observer said, "Enron was run to benefit the
top executives.
They
literally looted the company."

Yet Skilling proclaims total ignorance of any
problems. "I had no idea
the
company was in anything but excellent shape," he has
said.

Articles about Skilling written since the demise of
his company cite
his
arrogance and cold-heartedness. But as I witnessed
sitting in that
Harvard
Business School classroom nearly 24 years ago, the
seeds of his
destruction
grew out of a gross misunderstanding about the role of
a business
leader in
our society. In his view, it is to be "a profit
center" and to
"maximize
return for the shareholder," no matter the peril to
consumers or
employees.

Harvard and other business schools must pay more than
lip service to
the
gross ethical blind spots that the Enron case has
exposed. Starting
with an
admissions policy that selects potential students for
ethics and
character
as well as brains, these institutions need to return
to the goal of
teaching
their students to be good citizens first and
moneymakers second.

America can't afford many more Enrons - or Jeffrey
Skilling-like CEOs.

LeBoutillier graduated from Harvard Business School in
1979.
He is the author of "Harvard Hates America."
Wednesday, January 09, 2002

__________________________________________________
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I was informed by Steve Douglas this morning that for tax reasons we need to assign a number of weather transactions ENA entered into with XL Trading Partners Ltd. from ENA to Chiricahua III LLC and Chiricahua V LLC.  These two entities are ultimately wholly owned subsidiaries of ENA.  It is intended that these entities will also enter into a few weather transactions directly with XL Trading Partners Ltd.  All of these transactions must have a term that ends no later than midnight December 31 2001. My understanding is that some time after these transactions are assigned or entered into the Chiricahua entities will be liquidated sometime during the month of December and the weather transactions will be transferred to the parent entity which will subsequently be liquidated and moved to its parent and so on until the transactions end up at ENA.  I would ask Bret or Steve to clarify the process to the extent that I have left anything out or misstated the proposal in broad terms.  If anyone needs a detailed explanation of the process please call Bret at ext. 54390.

I would ask that everyone review the attached documentation in light of the proposal above to give their views from a credit, Dynegy merger agreement, legal, operational, commercial, corporate governance, and guarantor perspective.

I am proposing the following draft documents for the assignment of the ENA trades to Chiricahua III and V entities.

I am proposing the following blacklined draft master agreements to be entered into between Chiricahua III and V and XL Trading Partners Inc.  These are based on the executed ENA/XL Trading master.  Please note that Chiricahua and XL Trading would be providing parent guaranties in the form previously agreed upon by ENA and XL Trading.  Deb, please note the documents to be delivered section for the Chiricahua entities.  Will we need some new resolutions passed?

I am attaching final drafts of the confirmations that were entered into between the parties.  The first six will be assigned to Chiricahua III and the second six will be assigned to Chiricahua V.  Rebecca, please note that I will need copies of the executed confirmations for these transactions or the document that we sent to XL Trading if they have not yet signed the document by tomorrow midday if at all possible so I can attach them as exhibits.

Chiricahua III

Chiricahua V

Please let me know if you have any questions or comments on the documentation.  If you have any comments or questions relating to the tax purpose or process of this series of transactions please call Bret Well at ext. 54390.

Regards,
Brent


Parcel 8871 has been allocated as follows:

Bid number 3855 has been awarded to Canadian Natural Resources Limited for capacity release parcel 8871.

Releasing Shipper: Enron North America Corp.
Path: Kingsgate to Malin
Begin Date: 12/1/2001
End Date: 10/31/2003
Amount Awarded: 10000
Bid Amount: 100.0
Price Denomination: Percent Of Max Tariff Rate

System Award Message: Non-biddable parcel allocated in full to pre-arranged shipper

Bid number 3855 was awarded under new contract number 08171.

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

For additional information, contact our services and contracting department at (503) 833-4300.

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


ENE: Reiterate Buy; Believe Leadership Still Intact

* ENE has underperformed its peer group of Energy Merchants.  Stock
price down 39% from 52-week high ($90 on August 23) vs. peer group, up 1.9%.
* We reiterate our Buy rating on the stock, and believe the weakness
is largely due to concern over ENE's group-high P/E multiple and PEG ratio
of 27x and 1.3x, respectively (group average 19x and 1.0x), coupled with a
series of concerns over various parts of Enron's business: bandwidth, India,
etc.
* Our sense is that the bandwidth unit is performing on target, and is
likely to beat the strong numbers posted last quarter.  India, while a
significant issue, remains a small part of Enron's asset base (about 4%).
It is a legacy business, in our view, and does not materially affect our
overall view of the company.
* We see ENE's business fundamentals intact, and in fact, improving.
Growth rate expansion to 25% from 20%; growing returns on capital; bandwidth
trading all good reasons to own stock -- justify premium valuation.

 <<ENE 5-18-01 Reiterate Buy.doc>>  <<ENE 5-18-01 Reiterate Buy.pdf>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - ENE 5-18-01 Reiterate Buy.doc
 - ENE 5-18-01 Reiterate Buy.pdf


1. For this week, please be sure you have read a story on determinants or
costs
of long-term or very high inflation and/or on very high or long-term
unemployment.  Later in the course we will examine changes in unemployment and
inflation (and their relation) in the short run; this week we focus on
definitions and long-run determinants and costs.  (Hint: for unemployment,
what
has happened to the workweek in France?)

2. Concerning growth, you might want to look at:  Report: Corruption Ruining
Economies Of South Asia
        http://dailynews.yahoo.com/h/nm/19991101/wl/asia_un_1.html
(a Reuters story)

3. Concerning measurement of "The New Economy," a fellow student recommends
the
Economist article at
http://www.economist.com/editorial/freeforall/current/index_fn8276.html
will all the pretty pics and graphs, or the plain text version below.

E-xaggeration: The digital economy is much smaller than you think

NEWSPAPERS and magazines are packed with stories about the digital economy,
the information-technology (IT) revolution and the Internet age. That their
pages are filled with advertising from IT firms presumably has nothing to do
with it. Such firms account for a quarter of the total value of the S&P 500,
and this week Dow Jones announced that Microsoft, Intel and SBC
Communications will be included in its industrial average from November 1st.
Not before time, many say, for high-technology businesses now account for a
huge chunk of the economy. Actually, they don't.
New figures published on October 28th by America's Department of Commerce
appear to support the view that IT is very important to the American
economy. The department now counts all business spending on software as
investment (previously, it was a cost). This has both increased the apparent
size of IT investment and boosted America's rate of growth in recent years.
But measuring the size of the "new" economy is a statistical minefield. The
most generous estimate comes from the OECD, which tracks the
"knowledge-based economy". It estimates that this accounts for 51% of total
business output in the developed economies-up from 45% in 1985. But this
definition, which tries to capture all industries that are relatively
intensive in their inputs of technology and human capital, is implausibly
wide. As well as computers and telecoms, it also includes cars, chemicals,
health, education, and so forth. It would be a stretch to call many of these
businesses "new".
A study published in June by the Department of Commerce estimates that the
digital economy-the hardware and software of the computer and telecoms
industries-amounts to 8% of America's GDP this year. If that sounds rather
disappointing, then a second finding-that IT has accounted for 35% of total
real GDP growth since 1994-should keep e-fanatics happy.
Perhaps unwisely. A new analysis by Richard Sherlund and Ed McKelvey of
Goldman Sachs argues that even this definition of "technology" is too wide.
They argue that since such things as basic telecoms services, television,
radio and consumer electronics have been around for ages, they should be
excluded. As a result, they estimate the computing and
communications-technology sector at a more modest 5% of GDP-up from 2.8% in
1990. This would make it bigger than the car industry, but smaller than
health care or finance. In most other economies, the share is lower; for the
world as a whole, therefore, the technology sector might be only 3-4% of
GDP.
But what, you might ask, about the Internet? Goldman Sachs's estimate
includes Internet service providers, such as America Online, and the
technology and software used by online retailers, such as Amazon.com. It
does not, however, include transactions over the Internet. Should it?
E-business is tiny at present, but Forrester Research, an Internet
consultancy, estimates that this will increase to more than $1.5 trillion in
America by 2003. Internet bulls calculate that this would be equivalent to
about 13% of GDP. Yet it is misleading to take the total value of such goods
and services, whose production owes nothing to the Internet. The value added
of Internet sales-ie, its contribution to GDP-would be much less, probably
little more than 1% of GDP.
This is not to deny that the Internet is changing the way that many firms do
business-by, for example, enabling them to slim inventories-but, in the near
future, as a proportion of GDP, it is likely to remain small.
A Luddite's lament

If measuring the size of the technology sector is hard, calculating its
contribution to real economic growth is trickier still, because the prices
of IT goods and services (adjusted for quality) have fallen sharply relative
to the prices of other goods and services. For example, official figures
show that America's spending on IT has risen by 14% a year in nominal terms
since 1992, but by more than 40% a year in real terms. This figure is so
high partly because it is extremely sensitive to assumptions about the rate
at which the price and quality of IT is changing.
The Commerce Department calculates that the technology sector has
contributed 35% to overall economic growth over the past four years. But
because such figures are based on spending in real terms, the Goldman Sachs
study reckons they are misleading. In nominal terms, IT has accounted for a
more modest 10% of GDP growth in the past four years.
Another popularly quoted figure is that business spending on IT has risen
from 10% of firms' total capital-equipment investment in 1980 to 60% today.
But again, this is based on constant-dollar figures, and so it hugely
exaggerates the true increase. In terms of current dollars (and before the
latest revisions), Goldman Sachs calcuate that business investment in
computers accounts for 35% of total capital spending, not 60%. And even this
exaggerates the importance of IT, because much of the money goes to replace
equipment which becomes obsolete ever more quickly. The share of IT in
additional "net" investment is much smaller. Computers still account for
only 2% of America's total net capital stock.
For years economists have been seeking in vain for evidence that computers
have dramatically raised productivity. One explanation for the failure of
productivity to surge may be that official statistics are understating its
growth. Another is that much investment in IT has been wasted: hours spent
checking e-mail, surfing the Net or playing games reduce, not increase,
productivity. A third may simply be that IT is still too small to make a
difference: for the moment, appropriately enough, you can count the digital
economy on the fingers of one hand.
That is changing, and firms are learning. And note this: if you add in all
computer software and telecoms (on the widest definition), the share of IT
in the capital stock rises to 10-12%. As it happens, this is almost the same
as railways at the peak of America's railway age in the late 19th century.
Railways boosted productivity and changed the face of Victorian commerce.
Hype is hype-but the new economy may yet happen anyway.

LINKS
The Commerce Department's statistics on information technology spending are
summarised in a press release
<http://www.census.gov/Press-Release/www/1999/cb99-205.html>. The complete
text of Emerging digital economy II
<http://www.ecommerce.gov/ede/report.html>, issued in June 1999, has been
released on the web. Details of the OECD's research on knowledge-based
economies are available here
<http://www.oecd.org//dsti/sti/stat-ana/prod/scorebd_summ.htm>. Forrester's
latest e-commerce estimates are published as a chart and table
<http://www.forrester.com/ER/Press/ForrFind/0,1768,0,FF.html>.

David I. Levine                 Associate professor
Haas School of Business    ph: 510/642-1697
University of California    fax: 510/643-1420
Berkeley CA  94720-1900                            email:
levine@haas.berkeley.edu
http://web.haas.berkeley.edu/www/levine/


458406

i don't think this deal is entered correctly, the hours are not matching the
other deals.  can you pls check on this deal

thanks


Please set up a GE conference call tomorrow at 300, and send an email
inviting the the following:

Lisa Bills
Roseann Engeldorf
Mike Barnas
Steve Swift
Kent Shoemaker
Ben jacoby
Lee johnson
Sheila

Thanks,

Kay


Shelley--With the cold wave expected to come in next Tuesday December 12, we
will keep you informed of any of the issues you listed below.

Thanks. Julia

Shelley Corman
12/05/2000 02:57 PM
To: Stanley Horton/Corp/Enron@Enron, Mary Kay Miller/ET&S/Enron@ENRON, Robert
Kilmer/FGT/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Dorothy
McCoppin/FGT/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Janet
Place/NPNG/Enron@ENRON, Phil Lowry/OTS/Enron@ENRON, Bill
Cordes/NPNG/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Michael
Moran/ET&S/Enron@ENRON
cc:

Subject: FERC Asks INGAA Members to Brief Staff on Any Critical Winter
Operations

FERC contacted INGAA to ask that pipelines call Dan Larcamp in the event that
they experience any curtailments, supply shortages or other critical
operations situations this winter.  FERC wants to hear from the pipelines and
have some time to react before they are asked to respond in a public forum
(particularly Congress).


This legislator is very bright and articulate -- he obviously "gets it"

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/13/2001 03:54 PM -----

	Peter Bray@NEWPOWER 07/13/2001 09:40 AM 	   To: susan.j.mara@enron.com  cc:   Subject: From Assemblyman John Campbell's Laptop To Yours, 7/13/01

Y'all could have an ally in John Campbell, to the extent you want to work the Sacramento leagues...   Peter

----- Forwarded by Peter Bray/HOU/NewPower on 07/13/01 09:38 AM -----

	   "Cowen, Jennifer" <Jennifer.Cowen@asm.ca.gov> 07/13/01     09:19 AM 	    To:    cc:    Subject: From Assemblyman John Campbell's Laptop To Yours, 7/13/01

Campbell's Capitol Communications

Weekly Report
July 13, 2001

Governor's myths

We have known for some time that Gray Davis is a much better fundraiser and
political spin doctor than he is a Governor, but lately he is taking the
spin way too far. He is so desperate to find villains with whom he can
deflect focus from his own record that he continues to ignore facts. Here is
my effort to set the record straight on several of the Governor's, and his
lackeys, recent
pronouncements on energy and the budget.
Energy:
MYTH:  "All Texans are evil"
His spokesman said, "Anywhere they wear cowboy hats, they probably have
handkerchiefs across their face because they are robbing us blind."
Why he said it: George Bush is from Texas and is a convenient scapegoat.
FACT: Only 2 of the 12 largest energy suppliers to California are from Texas
and they provide only 9% of the state's energy use.

MYTH:  "Private power generators charged California the most"
Governor Davis said, "What's going on here, pure and simple, is
unconscionable price-gouging by the big energy producers."
Why he said it: Polls show that it is easier to blame power generators for
the energy crisis than anyone else. FACT: The private company power
generators charged substantially lower prices over the last few months for
energy than the public agencies.  In fact, documents recently released
reveal that Enron and Mirant averaged $181 and $225 per megawatt while LADWP
and Sacramento Municipal averaged $292 and $330 for energy sold to the state
during the first quarter of this year.

MYTH:  "Power companies manipulated prices"
Governor Davis said,  "Their testimony could be the "smoking gun" that
demonstrates there was improper manipulation of California's electricity
market."
Why he said it: another way to say, "its not my fault, its their fault"
FACT: Duke energy shut its plant down because it was ordered to, in order to
balance the grid, by the California ISO, an entity overseen entirely by
Davis appointees.
Budget:
MYTH:  "Republicans want to cut education spending"
A lead education appointee said, "We feel very strongly that agreeing to
that would put us in a position where children would lose." Why it was said:
he needs to think of something to justify his tax increase. FACT:
Republicans have never proposed cuts in education out of the current budget.
We have instead proposed reducing pork, entirely new or expanded
programs, and cutting funded but vacant bureaucratic positions.

MYTH:  "The $1.2 billion sales tax increase is not a tax increase"
The Governor said, "They've just invented this argument about a tax
increase. It's just nonsense. It's not a tax increase."
Why he said it: he wants to maintain the illusion of being a fiscal
conservative FACT: One year ago, when the sales tax was cut, Davis had a
news conference announcing "This tax decrease will benefit every
Californian.  It will put even more of our prosperity in the hands of those
who created it in the first place - the taxpayers of this State." Now, when
the same tax goes up, it is not a tax increase?
I will let you figure out for yourself whether or not these myths are indeed
myths -- I only hope that you won't be using the Governor's statements for
your facts.

Until next week, that's all for this week.

John Campbell

Feel free to forward this e-mail to a friend!

If you wish to be taken off this e-mail list, please notify me.
Jennifer Cowen, District Director
Assemblyman John Campbell, 70th District
949.863.7070
949.863.9337 fax


surebehappyto.setitupanytime

	From:  Jennifer Fraser                           01/11/2001 04:03 PM

To: Jeffrey A Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
cc: Cathy Phillips/HOU/ECT@ECT, Jennifer Burns/HOU/ECT@ECT
Subject: EGM Analyst and Associates Development

Mike and Jeff:

Every Wednesday, we have a team seminar where our group reviews topics of
interest and relevance to our markets and our company. It is my goal to use
these seminars as a learning and information exchange tool. The weekly topics
range from instructional (basics of swaps and futures) to team-building
exercises.  With this in mind, I was hoping that each of you could commit to
a Wednesday seminar for 1 hour to review your careers at Enron and discuss
what you did to become successful. The seminars are open to all analysts /
associates in EGM/ ENA trading. I intend to ask each  EGM  business head to
participate as well. I am hoping that your seminars will work as an informal
mentoring exercise as providing guidance to our new people on how to have a
successful career.

The seminars usually begin at 4 p.m. I hope each of you will participate.
Please let me know your availability. There is no need to bring a
presentation, as the meetings are very informal.

Thanks
Jen


Good afternoon.  Here is the job description for the Computational Finance
students.  We should have our preferred interview dates shortly.   Please let
us know if you have any questions, and have a Happy Thanksgiving.

-Kevin Kindall


Gerald,

Here is a Bridgeline Holdings outgoing guaranty format that we provided a
customer.  They have reveiwed it and have provided back comments.  Please
review their comments and let me know if we are ok to execute.

thanks
brant

 -----Original Message-----
From:  "Chris Van Scyoc" <cvanscyoc@TMVGAS.COM>@ENRON
[mailto:IMCEANOTES-+22Chris+20Van+20Scyoc+22+20+3Ccvanscyoc+40TMVGAS+2ECOM+3E+
40ENRON@ENRON.com]
Sent: Monday, May 07, 2001 11:33 AM
To: Reves, Brant
Cc: Angie Forman
Subject: Re: BGML gty format

Brant,

Angie Forman has referred your form Guaranty to my attention  for review and
comment.  I have incorporated our requested changes,  additions, etc., into a
redline draft of the guaranty and attach the same with  this e-mail for your
review.  Once you have had an opportunity to review  the redline document,
please contact me with any comments or questions you may  have.  Thanks,
Brant.

Chris Van Scyoc
Supervisor, Contract Administration
Phone:   (402) 758-6135
Fax:       (402)  758-6250
>>> "Reves, Brant" <Brant.Reves@ENRON.com>  04/10/01 11:24AM >>>
Here is the Bridgeline Holdings gty  format.  Please review and provide
any comment, including a dollar  amount.  Also, if you could fill in the
appropriate information, it will  greatly speed up the execution  process.
thanks
brant
<<BGML Outgoing Guaranty  Format.doc>>
 - Bridgeline Guaranty Redline #1.doc


David Dusterhoff
david@columbia.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

David Dusterhoff


Just a note to let you know Columbia Gas has some capacity postings on the
EBB for next winter.  BIDS ARE DUE 3/15 AT 9AM.
Attached is a spreadsheet showing the parcel numbers.  I highlighted the
meters that you did not have enough capacity to serve your load this winter.
I would be happy to bid on this as your agent, but let me know what rate
works based on your economics.  This is a bid process, so the current low bid
is just an indication of the market value of the capacity.

Scott


---------------------- Forwarded by Chris Dorland/CAL/ECT on 06/01/2000 01:02
PM ---------------------------

Michael McDermott <Michael.McDermott@spectrongroup.com> on 06/01/2000
06:00:56 AM
To: "'Bryan Moody'" <bhmoody@hotmail.com>, "'B.K. Milne'" <MILNEB@CIBC.CA>,
"'Angus Cowan'" <Angus.Cowan@royalbank.com>, "'Chris Dorland'"
<Chris.Dorland@enron.com>, "'Kevin McElroy'" <kmcelroy@nuheat.com>
cc:
Subject:

Yo Mama`s so fat ....

Your mama is so fat:
When she hauls ass she has to make two trips.
When she dances she makes the band skip.
When she was diagnosed with the flesh eating disease the doctor gave her

13 years to live.

She puts mayonnaise on aspirin. (<- clearly the winner)
Her cereal bowl came with a lifeguard.
When she goes to the zoo the elephants throw her peanuts.
Her high school graduation picture was an aerial photograph.
Her driver`s license says "Picture continued on other side."
She has to iron her pants on the driveway.
The back of her neck looks like a pack of hot dogs.
Yo mama`s so fat, all the restaurants in town have signs that say:
"Maximum Occupancy: 240 Patrons OR Yo Mama"
Yo mama`s so fat, when she ran away, they had to use all four sides of
the milk carton.
Yo mama`s so fat, instead of Levis 501 jeans, she wears Levi`s 1002`s.
Yo mama`s so fat, when she gets in an elevator, it HAS to go down.
Yo mama`s so fat, she was born with a silver shovel in her mouth.
Yo mama`s so fat, she`s got smaller fat women orbiting around her.
Yo mama`s so fat, she could sell shade.


Darn pager.
---------------------- Forwarded by Chris Germany/HOU/ECT on 04/26/2000 04:26
PM ---------------------------

Chris Germany
04/26/2000 04:26 PM
To: 6202354@skytel.com
cc:
Subject: Fwd: Fw: Fw: The other side of the coing

>
>
>
>
> > I AM THANKFUL FOR THE TEENAGER WHO IS NOT DOING DISHES BUT IS WATCHING
> > T.V.,  BECAUSE THAT MEANS HE IS AT HOME AND NOT ON THE STREETS.
> >
> > FOR THE TAXES THAT I PAY, BECAUSE IT MEANS THAT I AM EMPLOYED.
> >
> > FOR THE MESS TO CLEAN AFTER A PARTY, BECAUSE IT MEANS THAT I HAVE BEEN
> > SURROUNDED BY FRIENDS.
> >
> > FOR THE CLOTHES THAT FIT A LITTLE TOO SNUG, BECAUSE IT MEANS I HAVE
> > ENOUGH TO EAT.
> >
> > FOR MY SHADOW THAT WATCHES ME WORK, BECAUSE IT MEANS I AM OUT IN THE
> > SUNSHINE.
> >
> > FOR A LAWN THAT NEEDS MOWING, WINDOWS THAT NEED CLEANING, AND GUTTERS
> > THAT NEED FIXING, BECAUSE IT MEANS I HAVE A HOME.
> >
> > FOR ALL THE COMPLAINING I HEAR ABOUT THE GOVERNMENT, BECAUSE IT MEANS
> > THAT WE HAVE FREEDOM OF SPEECH.
> >
> > FOR THE PARKING SPOT I FIND AT THE FAR END OF THE PARKING LOT, BECAUSE
> > IT
> > MEANS I AM CAPABLE OF WALKING AND THAT I HAVE BEEN BLESSED WITH
> > TRANSPORTATION.
> >
> > FOR MY HUGE HEATING BILL, BECAUSE IT MEANS I AM WARM.
> >
> > FOR THE LADY BEHIND ME IN CHURCH THAT SINGS OFF KEY, BECAUSE IT MEANS
> > THAT I CAN HEAR.
> >
> > FOR THE PILE OF LAUNDRY AND IRONING, BECAUSE IT MEANS I HAVE CLOTHES
> > TO WEAR.
> >
> > FOR WEARINESS AND ACHING MUSCLES AT THE END OF THE DAY, BECAUSE IT
> > MEANS I HAVE BEEN CAPABLE OF WORKING HARD.
> >
> > FOR THE ALARM THAT GOES OF IN THE EARLY MORNING HOURS, BECAUSE IT
> > MEANS THAT I AM ALIVE.
> >
> > AND FINALLY.......
> >
> > FOR TOO MUCH E-MAIL, BECAUSE IT MEANS I HAVE FRIENDS WHO ARE THINKING OF
> > ME.
> >   :-)
> >
> > SEND THIS TO SOMEONE YOU CARE ABOUT.  ;-)
> >
>
>
>
>
>
>
>
>


This past weekend was the MS 150 bike tour from Houston to Austin.  This was my third year riding in the event, and it keeps getting better every year.

We started out bright and early on Saturday morning with some 9,500 other riders eager to make the 175 mile trip to Austin.  Team Enron was first out of the gate again this year.  The course was more congested than last year because of the huge increase in ridership.  The event has been growing 20 percent each year.  The crowd started to thin out after about 15 miles, and it was smooth sailing until lunch in Bellville.  After a quick sandwich, I was on my way again to LaGrange.  There were a few more hills this year than last, and the wind started to pick up towards the end.  Visions of a cold Miller Lite and a relaxing message inspired me onward.  I arrived in LaGrange about 1:15, plenty of time to shower and relax in the tent before Enron's famous barbecue dinner.

The next morning, we awoke bright and early to the call to the MS Society's pancake breakfast.  Getting up at 5am and back on your bike after having ridden 100 miles the previous day was no fun task, but everything was fine after about 10 miles.  Sunday morning was fairly uneventful until the infamous Bastrop State Park with its killer hills.  After the park was lunch, then the homestretch to Austin.  This year we had a nice tailwind to help us along.

Last year, with the support of people like you, the Texas MS society raised over $3.5 million for multiple sclerosis research.  This year, we will certainly break through that goal. Each of us probably know at least one person touched by this terrible disease, and this money goes a long way towards finding a cure.

If I haven't already collected your pledge, I'd appreciate it if you'd drop it by.  For those of you not on 45, I'll stop by your floor sometime next week.  Thank you for your support!

Brian

_____________________
Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net


I spoke with Rochester this morning and they advised that they will present a
recommendation to their Board on 3/28 as to the party they will negotiate
with.

At this point, they are evaluating the bids and will be issuing questions,
etc. (Note: 2 parties were disqualified for failure to submit bid bonds)

Again, even though we were low bidder, I would not view this as a given that
we will be the final party.

I'll stay close to this and keep everyone advised.


I have a concern about Enron's forward-looking exposure associated with legacy deals (deals that existed during the June 2000 through the May 2001 price shock).  If Edison gets its way, all customers will pay for Edison's under-recovery from June 2000 through January 2001 plus CDWR spot market purchases during 2001.  This would take the form of a surcharge on future bills.  My concern is that Enron will be on the hook for these future charges associated with past under-collections -- even beyond the term of our legacy deals.  For example, if a deal ends in March 2002 we could be on the hook for surcharges that a legacy customer would receive on its bill after that date, provided the surcharge pertained to costs incurred by the utility during the time that the legacy customer was ours.

I have not received clear guidance from legal on this matter.  For example, I asked both Mike Smith and Steve Hall to review the legacy Safeway contract which is on PGES paper.  They both indicated that there is a better chance than not that we are on the hook for these charges, although good arguments could be made that we should not be responsible for them.  Angela Schwarz indicated to me that outside counsel (I'm not sure who) thinks that we are not on the hook for these charges.

It is critical that we get clear guidance from legal on these risks.  We are in front of customers now deciding whether or not to go forward with extensions or terminate contracts after the initial term.  Customers are asking us to make changes to our "change in law" and "utility non-performance" provisions.  If we believe that we are wearing the surcharge risks beyond the term of the existing contract and the customer is willing to take those from us in exchange for changes to the master agreement we would probably be willing to do it.  If we aren't currently wearing surcharge risk beyond the term of the existing contract then our negotiating position would be different.

As you all know, the magnitude of this risk is potentially large as our negative CTC receivable is in the hundreds of millions of dollars.  If the CPUC were to adopt Edison's proposal for the entire state, EES' customers would be responsible for surcharges of the same magnitude.  At this point, I don't know whether EES or its customers are on the hook for this risk beyond the term of existing contracts.

Vicki -- could you forward this message to Mike Smith.  I couldn't tell which Mike Smith to send it to.


---------------------- Forwarded by Don Miller/HOU/ECT on 06/26/2000 01:22 PM
---------------------------

Felicia Doan
06/19/2000 03:03 PM
To: Don Miller/HOU/ECT@ECT
cc:
Subject: East Power Trading ORG Chart

Per your request:

I will forward Ed Baughman's updated ORG Chart as soon as I receive it.

Many Thanks,

Felicia Doan
x3-5709


Let's talk about this after you have an opportunity to review...

Regards,

Ben

-----Original Message-----
From: "Douglas Turner" <dcturner@tecoenergy.com>@ENRON
Sent: Thu 5/24/2001 2:40 PM
To: Jacoby, Ben; Mitro, Fred
Cc: Michael Carlson; Becky Alex
Subject: Draft LOI

Gentlemen,

At the request of Becky Alex, attached for your review is a draft of a Letter
of Intent relating to the Midway project located in Central Florida.   Please
respond with questions or comments to Becky at 813-228-1107.

Cordially,
Doug Turner

 - Enron LOI.v1.522.doc <<Enron LOI.v1.522.doc>>


Lara --

I would think that Alan Comnes would be good (if he can make it) to go.

Jim

 -----Original Message-----
From: 	Leibman, Lara
Sent:	Wednesday, October 31, 2001 1:07 PM
To:	Shapiro, Richard; Steffes, James D.; Nicolay, Christi L.; Novosel, Sarah; Robertson, Linda
Subject:	FW: AAI Conference on Market Monitoring

Please review Diana Moss's message and the attached agenda below for the upcoming American Antitrust Institute's market monitoring conference.  Also, please let me know if you would be interested in attending, and if not, whom you would recommend that I invite to attend on Enron's behalf.  Thank you.

Lara
 -----Original Message-----
From: 	"Diana L. Moss" <mossdl@earthlink.net>@ENRON
Sent:	Wednesday, October 31, 2001 12:23 PM
To:	dave.mohre@nreca.org; davepenn@appanet.org; Leibman, Lara
Subject:	AAI Conference on Market Monitoring

Hope everyone is well.  Attached is the final agenda for the AAI
conference on market monitoring. The date is December 11 at NRECA's HQs
in Arlington.  I appreciate all your input and help with putting this
together.  We would like to invite about 40 people and give APPA, NRECA,
and Enron 3-5 slots each at the table.  You can:  (1) invite people
yourself (please let me know who they are when they confirm their
attendance) or (2) let me know who to invite and I will e-mail them
myself.

Thanks,
Diana Moss

 - agenda for AAI conference on market monitoring.doc << File: agenda for AAI conference on market monitoring.doc >>


Good idea!  Janine--we will get you Ron McNamara's testimony on behalf AEP (SWEPCO in Texas) and see if it will help in Ohio.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Monday, October 15, 2001 4:00 PM
To:	Nicolay, Christi L.
Subject:	RE: SPP Retail Market Opening Testimony

Why can't we use AEP's position against them in their own backyard (Ohio).   AEP's position is that you can't have effective retail markets without real-time energy markets (which I agree with), yet there is no real-time energy market with ancillary clearing prices in AEP's service territory in Ohio.

Can we use their own testimony against them?

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 15, 2001 3:29 PM
To:	Presto, Kevin M.; SMITH, Douglas
Subject:	FW: SPP Retail Market Opening Testimony

AEP asked the Texas PUC to postpone opening the Texas (outside of ERCOT) retail market because there is no centralized dispatch (per Ron M's testimony on behalf on AEP).  After talking with our SPP folks (I understand that EPMI has bid to serve a portion of Entergy's load) , Jim's testimony is that the outside of ERCOT Texas market should open 1/1/02 and that other states have implemented retail open access without a centralized dispatch model (for example, AEP in Ohio, ComEd in Ilinois and Duquense in ECAR/PA).  Jim states that while RTOs and central dispatch will certainly facilitate the market, it is not absolutely required, and that, if AEP thinks that the retail market will not be competitive without it, then, perhaps, REPS other than AEP should be the only ones allowed to serve retail load in this part of Texas until central dispatch is in place.  In addition, he states that the imbalance provisions should be changed and that network firm capacity should be available to REPs (without the need for protracted system impact studies, since the load is already being served.)

Apparently, Entergy has also changed its mind and now is opposing the 1/1/02 opening of the Entergy/Texas retail market.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, October 12, 2001 1:37 PM
To:	Herndon, Rogers; Rorschach, Reagan; Acevedo, Rudy; Kroll, Heather; Nicolay, Christi L.; Maurer, Luiz; Keene, Patrick; Twiggs, Thane; Ryall, Jean; Hamb, Edward
Subject:	SPP Retail Market Opening Testimony

Attached is the testimony that I filed today asking thh PUC of Texas to open the retail markets in the SPP territory.

Thanks,

Jim

 << File: PUCT on Order 13.doc >>


Hey Robert,,

Sorry I was out on vacation, and I did not think to ask Todd the name of his
headhunter, but I will and try to get back to you with some names this week.

Take care!


California governor blames utilities for blackouts

By JENNIFER COLEMAN, Associated Press
SACRAMENTO, Calif. (March 21, 2001 8:10 a.m. EST http://www.nandotimes.com) -
Gov. Gray Davis said the state's two largest utilities are partly to blame
for this week's widespread blackouts because they failed to pay millions of
dollars owed to environmentally friendly power generators.
Davis said the utilities took money from customers while failing to pay the
alternative plants, which use renewable forms of energy like steam and
natural gas to generate electricity.
The state has been spending about $45 million a day since January to buy
power for customers of Southern California Edison and Pacific Gas and
Electric Co., which are so credit-poor that suppliers refuse to sell to them.
"It's wrong and irresponsible of the utilities to pocket this money and not
pay the generators," the governor said at a Capitol news conference Tuesday.
"They've acted irresponsibly and immorally and it has to stop."
The state lost about 3,100 megawatts, or enough electricity to power 3.1
million homes, on Tuesday from alternative energy plants that say they can't
afford to keep operating because the utilities haven't paid their bills in
weeks.
Davis said the PUC planned to issue an order next week directing the
utilities to pre-pay future bills to the alternative plants.
PG&E called Gray's statements "inappropriate and unjustified," adding that it
was negotiating a payment plan with the suppliers. Edison said it is intent
on paying creditors and working with the Public Utilities Commission to pay
the plants for future power sales.
Edison and PG&E say they have lost more than $13 billion since last June to
climbing wholesale electricity prices, which the state's 1996 deregulation
law prevents them from passing on to ratepayers.
Keepers of the state's power grid were cautiously optimistic that California
might get through Wednesday without another day of rolling blackouts after
two idle plants were returned to service.
"Never say never - but it appears we are going to be in better shape tomorrow
(Wednesday) and for the rest of the week," said Patrick Dorinson, a spokesman
for the California Independent System Operator, which oversees most of the
state's power grid.
About a half-million customers were hit by Tuesday's blackouts, which snarled
traffic and plunged schools and businesses into darkness from San Diego to
the Oregon border.
On Tuesday, Assembly Republican leader Bill Campbell called on PUC President
Loretty Lunch to resign. Lynch was appointed by Davis.
Lynch couldn't be reached for comment, but a spokesman for the governor
dismissed Campbell's complaints.
Meanwhile, a leading lawmaker on energy issues said the PUC may soon have to
raise rates by about 15 percent to cover the state's costs and its utilities'
bills.
"My sense is that people will appreciate having some certainty and being able
to plan for it," said Assemblyman Fred Keeley. "They don't have to like it,
but I think they'll appreciate it."
Davis has said he is confident the utilities and the state can pay their
bills without further rate increases.
In the meantime, the ISO is counting on conservation to avoid more rolling
blackouts. Dorinson estimated that conservation accounted for about 900
megawatts in savings during Tuesday's peak usage.
"That probably was the difference today in helping us avoid any rolling
blackouts late into the evening," Dorinson said.
Tuesday's outages began at 9:30 a.m. and continued in 90-minute waves until
about 2 p.m., when the ISO lifted its blackout order. They were blamed for at
least one serious traffic accident.
The blackouts were caused by a combination of problems, including
unseasonably warm weather, reduced electricity imports from the Pacific
Northwest, numerous power plants being shut down for repairs and the loss of
power from alternative generators.


I'll look at it on the plane and talk to you tomorrow.  DF

Michael Moran
11/28/2000 04:51 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

FYI. After you review we can discuss.
---------------------- Forwarded by Michael Moran/GPGFIN/Enron on 11/28/2000
04:46 PM ---------------------------

Julia White
11/28/2000 04:44 PM
To: Stanley Horton/Corp/Enron@Enron, Steve Hotte/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Michael
Moran/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

This is the latest draft from Julie for your review. I realize we will
discuss at the staff meeting on Monday.

Thanks. Julia
---------------------- Forwarded by Julia White/ET&S/Enron on 11/28/2000
04:39 PM ---------------------------

	From:  Julie A Gomez @ ECT                           11/28/2000 12:04 PM

To: Julia White/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

Dear Julia-

Here is the cleaned up version of what I sent you the other day.

Please let me know your comments ASAP.

Thanks,

Julie  :-)


Bought from CPA (deal 157219) sold to CES (deal 157220) for the 29th-31st.


-----Original Message-----
From: Fitzgerald, Genia
Sent: Monday, August 06, 2001 8:46 AM
To: Heard, Marie; Jones, Tana
Subject: FW: FishFoodForThought
Importance: High

Turn up your sound a bit.


Latest draft of turbine contract for LV Co Gen.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/24/2001 06:07
PM ---------------------------

"Thompson, Peter J." <pthompson@akllp.com> on 04/24/2001 02:56:48 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>, "Bill Williams (E-mail)"
<Bill.Williams@enron.com>, "Dale Rasmussen (E-mail)"
<Dale.Rasmussen@enron.com>, "Lee. Johnson (E-mail)"
<lee.johnson@ss.ps.ge.com>, "Kent. Shoemaker (E-mail)"
<kent.shoemaker@ae.ge.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: LV Cogen Turbine Agreement

Attached please find the latest LV Cogen Turbine Agreement (second
document below) that provides notices to Enron North America, as agent
for E-Next Generation, and changes to the signature blocks.  Also
attached is a blackline (first document below) showing changes made to
the version circulated on April 10. Pursuant to instructions received
from Kay Mann and Bill Williams, this version does not contain the
contractor's comments.  To complete the agreement, we will need to
insert the date of execution and Exhibit H-2.
 <<Comparison of LV Cogen Agreement, Versions 3 to 5.DOC>>  <<LV Cogen
Gas Turbine Agreement - Version 5.DOC>>
 - Comparison of LV Cogen Agreement, Versions 3 to 5.DOC
 - LV Cogen Gas Turbine Agreement - Version 5.DOC


Larry,

I met with a banker that is interested in financing the project.  They need
the following:

Financial statements plus last two years tax returns.
Builders resume listing similar projects

The banker indicated he could pull together a proposal by Friday.  If we are
interested in his loan, he would want to  come see the site.
If you want to overnight me the documents, I will pass them along.   You can
send them to my home or office (1400 Smith, EB3210B, Houston, TX 77002).

The broker is Jim Murnan.  His number is 713-781-5810, if you want to call
him and send the documents to him directly.

It sounds like the attorneys are drafting the framework of the partnership
agreement.  I would like to nail down the outstanding business points as soon
as possible.

Please email or call with  an update.

Phillip


FYI
 -----Original Message-----
From: 	Kean, Steven
Sent:	Friday, May 25, 2001 1:35 PM
To:	Derrick Jr., James; Shapiro, Richard; Palmer, Mark
Subject:	Governor Davis' Power Grab

per my voicemail
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/25/2001 01:33 PM ---------------------------

"Wenner, Adam" <awenner@velaw.com> on 05/25/2001 09:28:18 AM
To:	"Kean, Steven (Enron Corp.)" <skean@enron.com>
cc:

Subject:	Governor Davis' Power Grab

Steve - per my voicemail, before we released this article that I prepared,
we wanted to run it by you to make sure that Enron is comfortable with it.
Thanks, Adam.
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You
 <<143590_1.DOC>>

 - 143590_1.DOC

<Embedded Picture (Device Independent Bitmap)>


This document is very complicated and contains so much fine print that I am
procratinating in my efforts to plod through the document.

----- Original Message -----
From: "Heard, Marie" <Marie.Heard@ENRON.com>
To: <aboytinck@msn.com>
Sent: October 8, 2001 1:53 PM
Subject: FW: Master Agreement

Another follow-up message re status of execution of master agreement.
Please advise.

Thanks!

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com

>  -----Original Message-----
> From: Heard, Marie
> Sent: Monday, August 27, 2001 4:26 PM
> To: 'aboytinck@msn.com'
> Subject: Master Agreement
>
> Mr. Boytinck:
>
> I am sending this e-mail to check on the status of the Master
> Agreement for Garden City Plaza Ltd. that was forwarded to you for
> execution.  It would be appreciated if you would let me know the
> status.
>
> Thank you!
>
> Marie Heard
> Senior Legal Specialist
> Enron North America Corp.
> Phone:  (713) 853-3907
> Fax:  (713) 646-3490
> marie.heard@enron.com
>

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


This is a pre Board Meeting Walk-thru


fyi
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/03/2001
05:01 PM ---------------------------

Jackie Gentle@ECT
04/03/2001 12:34 PM
To: Mark Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
cc:

Subject: CATS House of Lords Appeal

Mark Palmer has asked me to send you the attached reactive holding statements
in relation to the above.  It has been signed off by everyone here except
Michael Brown and John Sherriff, but we do not expect any material changes.
The result is due mid-morning London time tomorrow and we will advise you of
the outcome as soon as possible thereafter.

If you have any queries you can reach me tonight on +44 7967 381557.  Thanks.


Please E-mail me and Jim Steffes the document to be discussed on the 11:00
a.m. conference call tomorrow.


I am attaching a structure chart showing what we think would be the best
alternative for the swapco transaction (if necessary).  This structure
would require ESVL Corp. to obtain a FERC Power Marketing Certificate and
would be the actual operating entity.  We are also indifferent if instead
of the corporation we use another LLC as the operating company below ERMT
LLC.

Let me know when you will be available this afternoon to discuss the
attached and the required documentation.  It is in Visio format, so if you
can't open it, let me know and I can fax it to you if you give me a
confidential fax number.  Thanks.

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (214-746-7700), and destroy the original
message. Thank you.

(Swapco Structure Chart) (See attached file: 5zl#01!.VSD)
 - 5zl#01!.VSD


What's Next for
Enron Federal Credit Union

Over the years, Enron Federal Credit Union has been proud to share the Enron name and support many wonderful employees and their family members around the world.  Here are some of the exciting changes slated for the Credit Union in the coming months.

New Name
We believe it is important to change our name for the sake of our members and our organization. Our new name will reflect everything that we stand for: trustworthiness, outstanding service, innovative products, value and convenience. You can expect to hear about our official new name later this month.

Expanded Field of Membership
Also, being a single sponsor Credit Union for Enron Corp., it has become necessary to expand our field of membership. We continue to welcome and serve current Enron employees and their families, but we will now also invite individuals and businesses that live, work or worship in Downtown Houston and the surrounding areas to become members of our Credit Union.

Additional Location
Another immediate area of focus for the Credit Union is our location. We have made plans to open an additional full-service facility that will be located in close proximity to the Enron Building in the downtown area with easy access. More information about our new location will be announced as soon as it becomes available. At this time, our current office facility will remain open and accessible for all of our members.

We are excited about the changes that 2002 will bring and look forward to sharing the experience with each of our members.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/12/2000
05:07 PM ---------------------------

Phelim Boyle <pboyle@uwaterloo.ca> on 05/12/2000 03:47:59 PM
To: Vince.J.Kaminski@enron.com, Amy Aldous <aaldous@watarts.uwaterloo.ca>,
pconcessi@deloitte.com, ROSS Raymond -CMMRCL OPS
<raymond.ross@ontariopowergeneration.com>
cc:
Subject: Conference May 31 on Energy Derivatives in Toronto

 Vince
Thanks again for agreeing to speak at our conference.
It is attracting considerable interest. .

Is it possible for you to send us copies of your slides by May 18 to meet our
deadline for
preparing the material.? If you have? a related paper available that covers
some of the same material that would do instead but
naturally we would prefer the slides.

I would like to mention again the?? the pre-conference dinner at
7 pm on Sunday May 30 for the speakers
We hope very much you can be present

I was also hoping you would be available for the last? session of the day to
be panel member
The provisional title? is
Managing Risk in Illiquid Markets
The chair is Pat Concessi of Deloitte and Touche
The panel last from 3.30 until 4.30 and we would like panel members should
speaker for
a few minutes and take questions from the floor.

In the meantime if you have any questions please let Amy or myself know

Sincerely
Phelim P Boyle
?

--
Phelim P Boyle
Director
Centre for Advanced Studies in Finance,
University of Waterloo,
Waterloo, Ontario
Canada N2L 3G1

Tel? 519 885 1211(6513)
Fax 519 888 7562
?


Please review for credit approval.

Thanks!

#479474                            #479475


We're looking forward to having you speak at the All Accounting Offsite on May 23 at the Adams Mark Hotel.  Please send me a short bio that can be used to introduce you.  In addition, if possible please send your presentation to me so we can have them loaded on the laptop in advance.

If you have any questions, please contact me or Sharron Westbrook.

Thanks,

Jan


This memo provides a good summary of the bankruptcy legislation that we are
pushing as it relates to the definition of swap agreement and netting.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 04/16/2001 12:40 PM -----

	Chris Long@ENRON
	04/12/2001 11:57 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

----- Forwarded by Chris Long/Corp/Enron on 04/12/2001 12:56 PM -----

	Ruth Ainslie <RAinslie@isda.org>
	04/12/2001 12:47 PM

		 To: US REGULATORY COMMITTEE <USREGCOMM@isda.org>
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Here is Dan Cunningham's memo on the above.

 - Memorandum for ISDA U.S.Netting Legislation.DOC


SMED

Nov. 1 year offer 4.42
Nov. 2 year offer 4.60
Nov. 3 year offer 4.675
Nov. 5 year offer 4.76


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Erin, don't want to keep passing the ball;however, this is a retail
opportunity in almost all states (ie) railroad demand is classified as retail
customers under most IOU tariffs.  I would ask Harold Buchanan

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/06/2000
08:11 AM ---------------------------

10/05/2000 11:47 AM
Erin Rice@ENRON
Erin Rice@ENRON
Erin Rice@ENRON
10/05/2000 11:47 AM
10/05/2000 11:47 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Question from all-employee meeting

David:

Ben Glisan suggested you might be the best person to address the following
question that was not answered at the all-employee meeting this week.  I will
route them back to Ken, Jeff and Joe for final approval, then post the
answers in eMeet.

Thanks for your help.

- Erin

----- Forwarded by Erin Rice/Corp/Enron on 10/05/2000 11:46 AM -----

	Ben F Glisan@ECT
	10/05/2000 07:25 AM

		 To: Erin Rice/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Question from all-employee meeting

Erin

I don't have any insight into this question, you may want to direct it to
Dave Delainey.  As I am the Treasurer, my focus is on financial activities of
the company.

Ben

10/03/2000 02:18 PM
Erin Rice@ENRON
Erin Rice@ENRON
Erin Rice@ENRON
10/03/2000 02:18 PM
10/03/2000 02:18 PM
To: Ben F Glisan/HOU/ECT@ECT
cc:
Subject: Question from all-employee meeting

Ben:

The following question was asked but not addressed in today's all-employee
meeting.  Would you please respond?  I will route to Ken, Jeff and Joe for
approval and then post the response in eMeet.

Thank you.

- Erin (Internal Communications)

Energy opportunity:  Have you thought about supplying electricity to
railtrack for its EC4T (Electric Current for Traction), i.e. all its traction
power (overhead power lines and 3rd rail system).  The full idea has been
submitted to eMeet.


The attached schedule is for Thursday, May 30.  Associated text files have been posted to Sparky.

Michael R. Frazier
Manager, Load Forecasting
Enron Energy Services
Office: 713-345-3200
Pager: 877-926-0615
P-mail: 8779260615@skytel.com


Start Date: 3/8/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030812.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_WATER
  ENGY_TYPE: FIRM


ah no thanks


The 2001 New York City Marathon Finish Line Banquet will be held at Tavern
on the Green, West 67th Street, from 10:15 a.m. to 3:00 p.m. on Marathon
Sunday, November 4.  It includes champagne brunch, gourmet cuisine, open
bar, VIP seats at the Finish Line, and large-screen broadcast of the entire
race live on WNBC.
To purchase tickets: Click here
(http://www.nyrrc.org/nyrrc/mar01/info/flbanquet.html) for pricing and
internet registration, or call 212-423-2284.

----------------------------------------------------------------------------
-------------------------------------
If you would like to be removed from this mailing list, please reply to
unsubscribe@nyrrc.org with the following subject line: Remove : MA153053


-----Original Message-----
From: Heizenrader, Tim
Sent: Tuesday, September 25, 2001 1:33 PM
To: Lavorato, John; Allen, Phillip K.; Grigsby, Mike; Zufferli, John
Cc: Belden, Tim; Swerzbin, Mike; Richey, Cooper
Subject: Western Briefing Charts
Importance: High

Charts for today's presentation are attached:


Please plan to attend an Origination Strategy meeting on Thursday 8/17 at
2:30pm.  We will be meeting with Gil Muhl, Janet Dietrich
and others to discuss customer coverage, deal flow, strategic deals/customers
etc.  I think the meeting is going to held offsite  at either
the Doubletree or Hyatt.

Details to follow.  Let me know if you have any questions.


Get ready to help the Body Shop celebrate it's 15th anniversary and kick off National Health and Fitness Week.

Beginning Monday, May 14 and ending Friday, May 18, 2001 all Enron Employees are invited to work-out at the Body Shop as a complimentary guest.  Just visit http://hrweb.enron.com/wellness, print and fill-out the body shop 15th anniversary guest form, and return it to the Body Shop prior to your first workout.

The week long celebration includes a speech and autograph session with Clyde Drexler, Monday, May 14, 2001, 11:30 AM-12:00 noon (spaces will be limited and you must RSVP to Body.Shop@enron.com  by Friday, May 11, 2001, 3:00 PM); an early morning workout with the Houston Rocket's Power Girls on, Thursday, May 17, 2001 starting at 6:30 AM followed by breakfast and autograph session in the Body Shop Fuel Station at 7:30am - 8:30am; a boot camp style class led by the German/American Foreign Legion and much, much more.

Visit the Body Shop website for a detailed calendar of events, or for additional information, please e-mail the Body Shop at Body.Shop@enron.com.


Will do.

	Tana Jones
	05/23/2000 09:31 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Marie Heard's Party

You can take them off.  I spoke to Sara and Marie didn't want them to attend
and that is fine with Sara.

	Suzanne Adams
	05/23/2000 09:19 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Marie Heard's Party

Sara told me to put them on the list.  I've got a voice mail into her
regarding same.

On another note, is there anything you need for tomorrow.  I sent the email
saying the meeting was from 12 to 1:30 in 46C1 and lunch w/be provided.  Let
me know if there's anything else you need.

	Tana Jones
	05/22/2000 02:57 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Marie Heard's Party

The list looks OK except take off Clement Abrams and Ted Murphy.

	Suzanne Adams
	05/22/2000 02:25 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Marie Heard's Party

Tana, please look at that list as soon as you can.  I'd like to get the email
out today or tomorrow since we need rsvps for the food and drink.  Thanks, Suz


Here are a couple of things I want to be sure we discuss in the morning.

		Two Associate Interviews - Bring to Houston

		PRC

		My conversation with Brad about the Migration this weekend
		Meeting scheduled for Thursday

		PGAS concerns - Jodie taking lead with you and reps


Please respond to

http://www.signonsandiego.com/news/reports/power/20010712-9999_1n12power.htm
l

 - SignOn San Diego Special Reports  Continuing coverage of California's power crisis -- Big customers want to shop around -- and there's the rub.url


Jeff---

*  I just want you to know that I am not on the "Golden Bear" project - today
was the first that I had heard that title - I know about Marty's group, but I
didn't know the name.

*  Also, I am keeping all of the info from the Monday calls confidential.  I
am just supposed to keep tabs on CA in case people around me ask (EES
Regional Commodity - originators, management, etc.)

*  who knows!!

*  thank you for keeping me in the loop

---Jennifer


Mike, I received a voicemail from Matt Khourie tonight regarding the
presenters.  Apparently, Jeff's recollection that Matt was to contact the
presenters was inaccurate; Matt indicated that it had been agreed that you
would contact the presenters and he would be responsible for arranging the
SUN demonstration.

With Jeff out of town until Monday, I would really like to have someone
contact the presenters before the end of the week.  Is this going to be
possible?  I'll call you tomorrow to follow up.  In the meantime, below are
the links to the presenters' bios, which I believe include their phone
numbers.  Let me know if you have any trouble launching any of them.

Additionally, I spoke to Penny this morning regarding the number of RSVPs we
have to date.  I'm very concerned about space and would like you guys to
reconsider the buffet idea, with seating scattered around the facility, and
the meeting room set up "class room" style.  If we go with the plated
breakfast and have 120 people seated around 12 "10-tops," there will be no
space for a screen, podium, AV equipment, etc.  If we have more than 120
people (I think the number this morning was 104 with reservations continuing
to come in), we will not have enough space to seat everyone in the meeting
room.  In talking with some of the others who have planned breakfasts for the
YPO group, I've been told that many YPOers do not show for the breakfast and
will walk in just in time for the presentations.  I think you guys and Jeff
are scheduled to meet next Tuesday, so perhaps that can be discussed then.

I'll give you a call tomorrow, Mike.  Thanks, SRS

http://austinventures.com/team/team.php?team_id=24

http://www.kpcb.com/team/bio_detail.php?frm_id=13

http://www.greylock.com/team/aronoff.htm


I'll do it, babe.


PLEASE  PLAN  TO  ATTEND

"NEW  BUSINESS  CREATION"

Tuesday, August 8th
11:30-1:30
Board Room
EB50

Presented by
Harvard Business School Professor
David A. Garvin*

Professor Garvin is making this presentation as part of a five-year research partnership between HBS and Enron entitled 'Modern Giants'.  The presentation was recently delivered at the Morgan Stanley European Strategy Seminar, which included over 50 leading European CEOs. It was also presented in May at HBS as an advanced management seminar. Parts of the presentation use Enron as an example.

Rsvp by Aug 6th							*Resume attached
Christie Patrick: 3-6117

Feel free to bring your lunch; drinks will be provided


----- Forwarded by Jeff Dasovich/NA/Enron on 05/15/2001 07:19 PM -----

	Scott Govenar <sgovenar@govadv.com>
	05/15/2001 05:59 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Paul Kaufman <paul.kaufman@enron.com>, Michael McDonald
<Michael.McDonald@enron.com>, Sandra McCubbin <Sandra.McCubbin@enron.com>,
Rick Shapiro <rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>,
Alan Comnes <acomnes@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen
Denne <kdenne@enron.com>, "Harry.Kingerski@enron.com"
<Harry.Kingerski@enron.com>, Mike D Smith <msmith1@enron.com>, Leslie Lawner
<Leslie.Lawner@enron.com>, Robert Frank <rfrank@enron.com>, Ken Smith
<ken@kdscommunications.com>, Janel Guerrero <Janel.Guerrero@enron.com>,
Miyung Buster <Miyung.Buster@enron.com>, Jennifer Thome
<Jennifer.Thome@enron.com>, Eric Letke <eletke@enron.com>, Mary Schoen
<Mary.Schoen@enron.com>, David Leboe <David.Leboe@ENRON.com>
		 cc:
		 Subject: Ferc/Republicans

Attached, please find the following press releases from Governor Davis:

1) Governor Davis wrote a letter to FERC regarding the QFs.

http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
0148135597.0989967115@@@@&BV_EngineID=galkllhdjdebemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_05/20010515_PR01215_GGD_lette
r_to_FERC.html&sTitle=GOVERNOR+DAVIS+SENDS+LETTER+TO+FERC+5%2f15%2f01&iOID=147
70

2) Governor Davis blames Republicans for Moodys downgrade.

http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
0148135597.0989967115@@@@&BV_EngineID=galkllhdjdebemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_05/20010515_PR01219_Moodys_cr
edit_rating.html&sTitle=GOP+OBSTRUCTION+LEADS+TO+CALIFORNIA+%0aCREDIT+DOWNGRAD
E%0a&iOID=14750


I hadn't thought about that scenerio yet.  Actually no one's asked that, but
everyone's asked me when I'm going to Chicago.  There certainly aren't any
secrets around here.  I never told anyone except Jeff, David, Rock and Binh
that I was going to Chicago and yet everyone on the floor knows.

They're putting out the food for today.  And they brought flowers for the
tables!!  I'm so impressed.  The food's probably not very good is they're
going to so much trouble to dress it up.  I think it might be tortilla soup.
Actually, I just found out we're taking Crystal out to eat since tomorrow's
her last day.  I would invite you but then you'd just be disappointed when we
left without you.

Talk to ya later,
Robin

Ps  Your boss actually has a reason to be stressed today!!  I wouldn't want
to be in that meeting.