India: Enron aftermath

   Business Line - 02/21/2000

   Abhay Mehta

   Copyright (C) 2000 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

   Power Play

   A Study of the Enron Project

   * Publishers: Orient Longman, New Delhi * Price: Rs. 195

   THE Enron power project at Dabhol in Ratnagiri district of Maharashtra has
been mired in nationwide controversy ever since the
   inception of the project proposal in 1992; and the sordid tale ends only
in 1997, with the Supreme Court of India refusing to even
   admit an appeal against the Bombay High Court decision, of December 1996,
which while commenting that "This case has
   highlighted to the people as to how even after 50 years of Independence,
political considerations outweigh the public interest and
   the interest of the State and to what extent the Government can go to
justify its actions not only before the public but even before
   the courts of law" - yet dismissed a public interest petition against the
project on the (purely technical) ground of res judicata, even
   though new facts, new arguments, new evidence of the violation of the laws
of the land had been advanced by the petitioners.

   The fact that the fresh violations of the law were not even considered and
recorded, despite the petitioners adducing the required
   evidence, can only be termed as strange, perhaps bizarre.

   Abhay Mehta's simple, factual documentation - in fact a chronological
narration - of all events, including the process of bending all
   rules, of subverting the law for promoting a project involving
unparalleled future liabilities for Maharashtra, indeed for the whole of
   India - is not only masterly, it is devastating.

   It is a short, pithy book which deserves to be read from cover to cover by
all thinking citizens of this country. Barring the
   concluding chapter, the epilogue, there are no personal comments, only
facts, disseminated from the original papers, mostly 'secret'
   documents.

   All documentation has been carefully, faithfully recorded, including
extracts from supposedly 'top secret' minutes of cabinet
   committee meetings; and the specific violations of the law (which were
opposed by a few public spirited civil servants, much to
   their disadvantage) have been pointed up. Apart from an introductory
'Primer on Electricity' - introduced for the benefit of the
   layman, explaining some technical issues relating to electricity
generation, transmission and distribution - and the background of the
   events of 1991, the foreign exchange crisis, and the aftermath of the
crisis, the other fifteen chapters, three appendices and fourteen
   annexes of the small book (of 226 pages) packs in an enormous volume of
factual information. The strange saga of the Enron
   project, and the sheer magnitude of the future problems this one single
project poses for the country, need to be briefly recounted
   here, for essentially, it is the coming generation which would have to
face the problem.

   The MSEB has contracted to buy - and if not used, to pay for - 2000 MW of
electricity (for a period of 20 years) from the
   Dabhol Power Company (the legal entity set up by Enron, as an unlimited
liability company registered in India, through a maze of
   intricate crossholdings of equity by half a dozen or more 'front'
companies registered in various tax-free havens.

   Abhay Mehta has indicated the total payments to Enron over 20 years amount
to $ 35 billion (at 1998 exchange rates, around Rs.
   1,25,000 crores) over the life of the project. One must record that: (a)
crude oil/oil product prices have as of writing, more than
   doubled since the above calculations were made. A per the 'doctored'
figures presented by the company (and its advocate), the
   charge per unit of electricity supplied, at the 1998 level of prices, was
to 4.39 cent (per unit) as 'capacity charge' and 3.43 cents
   (per unit) for 'energy costs'.

   The former is indexed to the US inflation rate, and the latter to
international fuel prices. The former may be assumed to have gone
   up only marginally (rounded to 4.4 cents per unit); we know that fuel
prices have more than doubled internationally over 1999.
   Assuming the 'fuel costs' to have increased less than 100 per cent - even
though international prices have more than doubled - we
   may assume (for 1999) energy costs of 6.85 cents per units, making for a
total payment of 11.25 US cents per unit of electricity
   supplied by the Dabhol Power Company (DPC) to MSEB in late 1999, in Phase
I of the project.

   Within another two years, at 2000 MW, the annual offtake (for 365 days X
24 hours/day) would be 17.52 billion KWH; and at
   11.25 cents per unit, the total payment amounts to $1.97 billion annually;
for 20 years, this workout to $ 39.4 billion.

   This is not counting any further inflation in either energy costs or
capacity charge. At today's exchange rate - about Rs.43.5 per US
   dollar - in rupee terms this works out to wore than Rs. 175,000 crores (as
compared to Rs. 125,000 crores indicated by Abhay
   Mehta). This is the cost to MSEB in rupee; and to the country in foreign
exchange as payment to just one project authority, for
   supply of part of the power required in Maharashtra.

   The really significant point to note in this connection is that this
payment - and considerably more, depending on (a) future increase
   in'capacity charges' depending on US inflation rate, and international
prices of LNGaphtha (for 'fuel costs'), and (b) depreciation of
   the exchange rate of the rupee vis-a-vis the US dollar - is obligatory;
the assets of the MSEB, the Maharashtra government
   indeed, all assets of the Government of India (present and future) are
mortgaged to Enron, by way of sovereign guarantees
   extended by both governments.

   The other significant point in this connection is that - as predicted by
all independent Indian experts as well as the World Bank -the
   Enron project he forced the MSEB to cut its offtake of Tata Electric
Company's and its own much cheaper thermal power
   already; in a postscript dated August 1999, Abhay Mehta has indicated that
already, the MSEB had stopped buying between 200
   and 250 MW of power from Tata Electric (available at Rs. 1.80 per unit)
and has had to backdown its own Chandrapur thermal
   power station (cost of this power being Rs. 1.20 per unit), while forced
to buy more expensive Enron power at Rs. 5 per unit.

   The loss to MSEB on this count alone comes to Rs. 460 crore per year.

   This had in fact, been predicted earlier even by the World Bank.

   It is pointless here to go into the details of how precisely all this was
contrived, by a deliberate campaign of 'disinformation', of
   blatant lies, of sidelining of expert opinion, not only of independent
experts but also the GOI's own official advisers in this matter,
   namely, the Central Electricity Authority as well as that of the World
Bank, which was resolutely opposed to this project. The
   detailed facts, the letters exchanged in the above context, the pressure
tactics adopted, the flouting of all procedures norms, even
   statutory provisions of the Electricity (Supply) Act, are all carefully
documented by Abhay Mehta.

   Mehta correctly concludes: "We frequently blame external agencies - like
the World Bank - for all our problems, when, as a
   matter of fact, we ourselves are our own worst enemies. In the instant
case, the World Bank not only advised the Government of
   India against the project, it stood resolutely firm in its assessment of
the total inadvisability of this project. In fact, one must note
   here that in 1996, neighbouring Pakistan, which had entered into a
somewhat similar MoU with Enron, cancelled the project (and
   the Power Purchase Agreement with Enron), for a $ 670 million, 782 MW
residual oil-fuelled power plant, even though that
   Agreement had stipulated Enron power supply at a fixed rate of 6.4 US
cents per KWH over a 30 year period. (Note the
   estimated rate of 11.25 cents per KWH for Dabhol power for the MSEB in
December 1999, which works out to around Rs. 5
   per unit).

   One could go on; but one must leave the reader to go through Abhay Mehta's
crisp, factual, matter of fact narration of the Enron
   saga, and switch over to the point made by him in the epilogue to the
story, about 'The Next Round of Scams'.

   For quite some time, the ruling elite in India has been intent on
'privatising' all public enterprises; and even 'utilities' are no
   exception. The 'unbundling' of infrastructure with a view to privatisation
of all the 'profitable' segments. All this - as per the current
   'disinformation campaign' - is supposedly in the interest of
rationalisation and greater efficiency of poorer supply.

   The author has referred in this context to the acquisition from the
Government - by the Torrent Group - of the Ahmedabad and
   Surat Electricity companies at less than one-tenth of the market value of
the assets of thee facilities. Again, much like the Enron
   saga, all objections by the Finance Department of the Gujarat government
were overruled.

   And, Abhay Mehta has predicated that this onslaught - the break-up of
power utilities into three segments, generation, transmission
   and distribution, - with a view to their privatisation is likely to be the
new thrust by the ruling elite, for reasons that do not require to
   be spelt out.

   Though Mehta had the examples of the Torrent Group takeover of Ahmedabad
and Surat Electricity companies, and of the break
   up of the Orissa State Electricity Board before him, yet his statement can
be stated today to be prophetic; the UPSEB is now on
   the firing line. The recent strike by the workers and engineers of the
UPSEB in protest of the announced UP government decision
   to trifurcate the UPSEB; and the Union Minister of Power, Mr. Rangarajan
Kumaramangalam's statement that the UPSEB is a
   loss making, inefficient unit and that privatisation of the facilities
after the trifurcation - need to be noted.

   That 40 per cent of the dues of the UPSEB are from the UP Government; that
tariffs for UP electricity supply are fixed by the UP
   government and not by the UPSEB; that the UPSEB does not have the cash
even for routine maintenance as a result of the above
   - these are facts that nobody is prepared even to consider. That the
remedy for UPSEB lies in a different kind of reform and
   restructuring, is not even to be debated. The whole idea is to privatise
the profitable segments, and to leave the public sector entity
   with all the problem areas, including rural energy supply. It is against
this background that Abhay Mehta's book needs to be widely
   disseminated, read, and its implications understood.

   What is at stake is not a 'utility' here or a PSU there. What is at stake
is the future of some 80 per cent of the have-nots in this
   country.

   What is at stake is the 'pillory' of the assets of the nation for private
aggrandisement.

   Arun Ghosh


How are things going with David?  Any update?

Thanks!
Amy


Janine:

With respect to the attached (internal) FX product for EOL, I just wanted to
verify with you that internal counterparties should transact on EOL with:

(1)  RMT  (as principal for Houston FX desk)

(2)  EEFT as agent for RMT (as principal for London FX desk).  In this
regard, was the services agreement between ENA and EEFT ever extended to
include RMT for internal trades?

(3)  Enron Japan Corp. (as principal for Tokyo FX desk)

There appears to be some confusion since our meeting of November 3.  Thanks.
Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/13/2000 11:22 AM -----

	Melba Lozano
	12/11/2000 05:59 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 cc: Robert B Cass/HOU/ECT@ECT, Steve Jacobellis/NA/Enron@Enron, Kevin
Meredith/Corp/Enron@ENRON, Steve Jacobellis/NA/Enron@Enron
		 Subject: FX Product

Sara / Mark,

I need an approval as soon as possible from you for the FX Description
attached.  Steve Jacobellis is requesting that this gets out on the web as
soon as possible.

Thank you,

Melba
58986
---------------------- Forwarded by Melba Lozano/HOU/ECT on 12/11/2000 05:53
PM ---------------------------

From:  Melba Lozano
  11/30/2000 06:41 PM

To: Sara Shackleton/HOU/ECT@ECT, William Stuart/HOU/ECT@ECT
cc: Robert B Cass/HOU/ECT@ECT
Subject: FX Product

Sara:  Please approve on the attached language for the FX Product.

William:  There is a gap between hour ending 3:00 and 4:00 .  Do you want to
go ahead and set up Central time to trade until Hour Ending 4:00?  Please let
me know.

Thank you,

Melba


tanya:
Just a quick update on the LC situation.  We sent a renewal request to Enserco yesterday and they said they would get back to us tomorrow.  If they don't renew by tomorrow I think that we should send them a notice of Event of Default letter which would give them until Wednesday to cure.  If not cured by Wednesday, we could terminate and be in a position to draw on Thursday/Friday.  Who can I coordinate with next week on this?

Leslie Reeves is checking on a few of them that owe payments this week to see if they have paid.

On Vitol, Tom is obtaining a copy of the LC and seeing if they have paid.  He is also checking into Ballarpur.

Greg Johnston e-mailed me to say that they were handling EPCORE and Engage.

We have concluded that nothing can be done on Energy Service Providers, Trafigura and Glencore.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-3393 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


We are now scheduled to meet with the gov. tomorrow in LA at 3:00.  I'll let
you know how it goes (if it goes).


Attached is a draft of the letter for Phillips Petroleum  that we discussed
today.  Please review and let me know if you have any questions.


FYI - I will be out of the office on Feb. 3 and 4.  Let me know if you want
to reschedule earlier.  Thanks.  Sara


Steve Swift and Jeff Darst, although Jeff is off the call now.

From: Ben Jacoby/ENRON@enronXgate on 05/23/2001 02:08 PM
To: Kay Mann/Corp/Enron@Enron, Fred Mitro/ENRON@enronXgate
cc:

Subject: RE: Blue Dog

OK. We can push back on the TECO term sheet call. Let Fred and me know what
works.

Who at GE are you talking to?

-----Original Message-----
From: Mann, Kay
Sent: Wed 5/23/2001 2:03 PM
To: Jacoby, Ben
Cc:
Subject: Blue Dog

I'm on the phone with GE.  Their initial response to the assignment stuff is
positive.  They want a letter which sets out the ownership of the LLC and
what we are doing on payment.

I've been working on TECO term sheet, but I'm not sure I'll be done by 300,
depending on this call.

Kay


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This e-mail message and its contents are copyrighted and are proprietary products of Continental Airlines, Inc. Any unauthorized use, reproduction, or transfer of the message or its content, in any medium, is strictly prohibited.  View our Privacy Policy .  This e-mail was sent to: sscott5@enron.com      [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]

[IMAGE]


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/10/2001 08:43
AM ---------------------------

Kay Mann
04/10/2001 08:39 AM
To: "DeBerry, Jeremiah A." <JeremiahDeberry@paulhastings.com>
cc:

Subject: Re: Turbine Purchase Transaction Documents

Jerry,

I didn't receive the fax you referenced yesterday.  Please resend to me at
713 646 3491.

Kay


FYI.

---------------------- Forwarded by Scott Healy/HOU/ECT on 10/27/2000 07:40
AM ---------------------------

Michael D Nanny@ENRON_DEVELOPMENT
10/26/2000 04:33 PM
To: Scott Healy/HOU/ECT@ECT, Stephen Plauche/Corp/Enron@Enron
cc: Robert P Virgo/HOU/ECT@ECT
Subject: Revision No.1 for ENA Fuelcell Estimate dated 10/26/2000

---------------------- Forwarded by Michael D Nanny/ENRON_DEVELOPMENT on
10/26/2000 04:25 PM ---------------------------

Ray Danner@ENRON
10/26/2000 03:44 PM
To: Michael D Nanny/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Terri
Austin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jay Patel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Robin Long/NA/Enron@ENRON
Subject: Revision No.1 for ENA Fuelcell Estimate dated 10/26/2000

Mike,

Attached are the revised (Revision 1) BOP Estimates for the Wallingford Fuel
Cells Power Project (10 cells - 21.2 MW) and the Midcon (Hartford) Fuel Cells
Power Project (12 cells - 28.8 MW) in the amount of $9.5MM and $9.6 MM
respectively. These estimates reflect our discussions today with the
following comments provided:

 1. I have lowered the Contingency to 10% from 15% per the direction from
Mike Coleman. Estimating does not agree with this reduced contingency and I
feel it is inadequate for the level of detail provided.

 2. Because of this reduction in contingency, I have re-evaluated the
concrete account and moved the Slab on Grade from the FCE Scope to the EE&CC
Scope of Work. I have also revised the foundations for FCE based on the
quantities they provided.

 3. We are using $10,000 per cell for Grounding Grid based on reviewing
additional estimating data. (The earlier number of $75,000 for the first two
(2) cells  and $25,000 for each additional cell was provided as an estimate
from FCE.  We agree it is too high.

 4. Based on our discussions, we are using $450,000 per project for
Engineering Services.

A Basis of Estimate is also provided.

Please call if you have questions or if you want to have additional meetings.

Ray Danner

---------------------- Forwarded by Ray Danner/NA/Enron on 10/26/2000 03:26
PM ---------------------------
From: Jay Patel@ENRON_DEVELOPMENT on 10/26/2000 03:24 PM
To: Ray Danner/NA/Enron@Enron
cc:

Subject: Revision No.1 for ENA Fuelcell Estimate dated 10/26/2000

Ray, herewith, please find the subject Estimate and respective Basis of
Estimate.

Regards
Jay N. Patel
   X-55262


---------------------- Forwarded by Don Miller/HOU/ECT on 11/30/2000 03:16 PM
---------------------------

"Rippy, Roger" <rogerrippy@akllp.com> on 11/30/2000 10:48:17 AM
To: <chris.booth@enron.com>, <gus.eghneim@enron.com>
cc: <stuart.zisman@enron.com>, <don.miller@enron.com>
Subject: Updates to Caledonia and Brownsville Schedules

Chris and Gus,

I have open items remaining in connection with updating the attached
schedules.

Chris, could you please provide me with some information regarding each
schedule.  You will note in the attached schedules that your name is
contained in brackets in the places where I need your input.  Please
confirm whether these contracts exist and, if so, please send Don Miller
and me a copy of the contracts at your earliest possible convenience.

Gus, in a prior e-mail, you had noted that the schedules needed to be
updated on Schedule 4.1(n).  I sent you an e-mail with a request for
further explanation and a summary of the required update.  Please
respond to that e-mail at your earliest possible convenience.

Thank you in advance.

Roger A. Rippy, Attorney
Andrews & Kurth LLP
600 Travis Street, Suite 4200
Houston, TX 77002
Phone: 713.220.4458
Fax: 713.238.7128

 <<BLACKLINE OF BROWNSVILLE SCHEDULES (11-29-00).rtf>>  <<BLACKLINE OF
CALEDONIA SCHEDULES (11-29-00).rtf>>

 - BLACKLINE OF BROWNSVILLE SCHEDULES (11-29-00).rtf
 - BLACKLINE OF CALEDONIA SCHEDULES (11-29-00).rtf


Start Date: 2/23/01; HourAhead hour: 15;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022315.txt


Lisa --

Rick Shapiro has offered to present.  I think that we can work up some presentation for 45 minutes.  Let's discuss soon the details. It is on his calendar.

Jim


Dear MaryAnn,

I was very disappointed to learn today that the Enron Body Shop will be
raising its rates to $25 per month.  While this may be in line with some
benchmarking study, one would hope that Enron would seek to outperform its
peers, given its goal to be rated #1 as best place to work.  Our cross-town
competitor Williams, where I worked for almost 12 years, has a facility that
is at least as good as Enron's, and there is no charge whatsoever.  Why
charge for the use of a facility that promotes Wellness?

I hope you reconsider this increase, but at a minimum provide a lower rate
for the occasional user such as myself.  Given my busy schedule I am lucky
to get there a few times per month, and would happily pay the greater of $5
per visit or the $25/month fee.  A $25/month fee will simply discourage
occasional users.

Please terminate my membership, effective September 1.   I hope that I am
not alone in voicing my unhappiness with this increase.

Sincerely,

Fred Wolgel
713-646-7557 (office)
713-299-6551 (mobile phone)
630-604-9831 (fax)
713-661-7334 (home)
fwolgel@azurix.com
Mailing Address:
Azurix
333 Clay Street, Suite 1000
Houston, TX  77002-7361


Ed, attached is the proposal for the liquidation of the Centana inventory. We are currently waiting on Centana's final approval. Let me know if you have any comments.

Joe

-----Original Message-----
From: Proctor, Shemin V. [mailto:sproctor@akllp.com]
Sent: Tuesday, March 05, 2002 11:52 AM
To: Parks, Joe
Subject: Centana Letter Agreement.DOC

 <<Centana Letter Agreement.DOC>>


Ditto Credit.

	Tana Jones@ECT
	05/07/2001 04:48 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: FW: EOL approvals, 05-07-01

----- Forwarded by Tana Jones/HOU/ECT on 05/07/2001 04:48 PM -----

	Tom Moran/ENRON@enronXgate
	05/07/2001 04:42 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/ENRON@enronXgate, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron
Communications@Enron Communications, Danny Clark/Enron Communications@Enron
Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber Ebow/HOU/ECT@ECT
		 cc:
		 Subject: FW: EOL approvals, 05-07-01

Please see attached

Regards,
Tom Moran
3-3017


Ben!
Whats happening down in HOuston?  Got some big news on my end - I am moving
out to San Diego to start a job with Nicholas-Applegate Capital Management.
I've been on vaca, working on my golf game and tan since graduating Cornell
in May and move out this week.  Looking forward to the job and the
lifestyle - I'll be living a few blocks from the beach and never have to see
snow again!  I'll send along full contact info once I get fully settled in a
couple of weeks.  COme visit if you are ever out that way.  Hope all is
well.
Pete


Charles Schwab & Co., Inc.

       Midday Market View(TM) for Wednesday, September 5, 2001
                       as of 1:00PM EDT
  Information provided by Schwab Center for Investment Research
                         and Bridge

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

U.S. INDICES
(1:00 p.m. EDT)

----------------------------------
Market            Value     Change

DJIA          9,979.09    - 18.40
Nasdaq Comp.   1,744.40    - 26.38
S&P 500        1,125.59     - 7.35
----------------------------------
NYSE Advancing Issues        1,147
NYSE Declining Issues        1,778
NYSE Trading Volume        608 mln
NASDAQ Advancing Issues      1,082
NASDAQ Declining Issues      2,246
NASDAQ Trading Volume      863 mln

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

U.S. TREASURIES
----------------------------------
Value            Yield      Change

6-month bill      3.29%        n/a
5-year note       4.51%       unch
10-year note      4.96%     + 2/32
30-year bond      5.47%     + 1/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

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

WAYWARD MARKETS DRIFT LOWER

Stocks trended slightly lower this morning as investors remained
indecisive on a day devoid of any significant news headlines. On
the economic front, revised 2Q non-farm productivity was
basically in line with expectations, but much higher than 1Q.
Technology shares were lower, extending the downtrend from
Europe after a pessimistic analyst report hit telecommunication
stocks.

As of 11:54 p.m. EDT, the Dow Jones Industrial Average was down
0.05%, with the Nasdaq Composite Index giving up 1.1%. For the
second straight day, health care and pharmaceutical issues led
advancers, while banks led the decliners.

Shares of Walgreen Co. (WAG,36,f2) led drugstore retailers
higher after reporting that August sales at stores open at least
a year rose 11.6% from the year-ago period, while total August
sales rose 17.2% from the same period. Most of the increase was
in pharmacy same-store sales, which were up 17.5% in August,
year-over-year.

Shares of Genentech Inc. (DNA,45,f2) drifted lower despite the
company's report that the Food and Drug Administration had
approved its Cathflo Activase product aimed at dissolving blood
clots that frequently occur within catheters inserted into veins
to dispense medication. Genentech emphasized that Cathflo
Activase is the only thrombolytic product available to address
catheter complications.

Brokerage stocks were higher after UBS Warburg upgraded its
rating on a number of stocks in the group. Warburg believes that
3Q will mark the trough for many of theses companies.

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

TREASURY AND ECONOMIC SUMMARY

Bonds were mixed, but mostly flat, as the stock market's
indecisive action provided few cues for Treasury investors.
Bonds were trading slightly higher after the release of this
morning's 2Q revised non-farm productivity data from the
Department of Labor showed a 2.1% annualized gain. The number
was slightly above the Dow Jones Newswires forecast of a 2.0%
gain, but below the original 2Q report of a 2.5% increase.
Productivity growth for 1Q had been reported as a mere 0.1%.

Revised unit labor costs for 2Q rose 2.7%, in line with the
Street's mean forecast, but higher than the previously reported
2.1% increase as inflation adjusted hourly compensation rose
1.7%. However, the figures are much lower than 1Q's 5% increase.
Productivity gains were enhanced over 1Q largely owing to a
reduction in hours worked as companies quickly cut staff in
reaction to the economic slowdown. This latest increase in
non-farm productivity is closer to the recent average of
approximately 2.5% growth for the five years prior to 2001.

In other economic news, a report by Challenger, Gray & Christmas
showed that announced job cuts in August fell 32% to 140,019
from July's 205,975. The telecommunications sector bore the
brunt of most of the layoffs, continuing the recent trend. The
three-month moving average rose to 470,000, with total announced
job-cuts rising to 1,123,356 for 2001.

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

WORLD MARKETS

The Bloomberg European 500 Index drifted lower, down 1.43% as of
11:54 a.m. EDT. Ericsson (ERICY,3.91,f1), Marconi
(MONI,1.16,f1), and Alcatel SA (ALA,13.49,f2) led the decline in
the telecommunications sector after Merrill Lynch forecasted a
further drop in spending on mobile-phone networks. Alcatel
accentuated the pain when it said that meeting its full-year
earnings forecast would be difficult. The euro was flat against
the U.S. dollar, conceding earlier gains as traders booked
profits on a slow news day. Meanwhile, the British pound was
higher versus the buck after some positive economic reports
suggested that the British economy could be on its way back.
British retail sales for August rose at the fastest pace in
almost five years, while housing prices rose again, extending a
recent trend.

William Johnson, Market Analyst

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Information provided by Bridge Information Systems.
Copyright 2001 Bridge Information Systems.

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This service is for personal use only. Commercial use or
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Distribution by Quris, Inc.


Heather,

I will have my group gather the names and I will forward them to you.  When
do you need everything?

D

Heather Choate
10/09/2000 07:10 AM
To: Pat Clynes/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Mary M
Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Brandee Jackson/NA/Enron@ENRON, Kim Weldon/Corp/Enron@Enron, Irena D
Hogan/HOU/ECT@ECT
Subject: Re: Holiday Cards

 Managers,

  I thought we would get started on sending out our Holiday cards the first
week in November.
  Do we contact the employeesindividually?  or will you provide a list of
names and addresses?

  Please advise.

  Below, you will find the number of cards we have that were purchased for
your group.

  Thank you,
  Heather Choate, x33278
---------------------- Forwarded by Heather Choate/HOU/ECT on 10/09/2000
07:04 AM ---------------------------

	From:  Yvette G Connevey @ ENRON                           09/18/2000 03:08 PM

To: Marge Nadasky/HOU/ECT@ECT
cc: Kim Weldon/Corp/Enron@Enron, Heather Choate/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT
Subject: Re: Holiday Cards

50 of the cards should be delivered to myself at eb 3642b and charged to co
0413 Cost Center 107052 for Brenda Herod.
150 of the cards should be delivered to Heather Choate at eb3272b and charged
to CO 0012 Cost Center 105630 for Pat Cynes
50 of the cards should be delivered to Heather Choate at eb 3272b and charged
to co 0012 cost center 105633 for Daren Farmer
50 of the cards should be delivered to Dave Baumbach at eb 3299a and charged
to co 0413 cost center 105634 for Dave Baumbach
25 of the cards should be delivered to Kim Weldon at eb 2184a  and charged to
co 0012 cost center 106292 for Mary Smith

If you have any questions, please give me a call.

Thank You!
Yvette
x3.5923

MARGE NADASKY @
ECT
09/11/2000 12:34 PM

To: Yvette G Connevey/Corp/Enron@ENRON
cc:

Subject: Holiday Cards

My records show that you had ordered 325 holiday cards.  They have recently
arrived and I wanted to verify that you still want your order.  If so, please
provide me with a Co and RC#, along with room location.  Thanks.

marge


Gentlemen,

Here is an updated bidder contact list.

Regards,
                James J. Heckler
  Global Energy & Project Finance
  (212) 325-5809
  CREDIT | FIRST
  SUISSE | BOSTON

 <<E2 Investor List.xls>>

[INFO] -- Content Manager:
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
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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.

 - E2 Investor List.xls


The meeting to discuss, "Var, Reporting Processes and Resources II" will take
place Friday, June 9, 2000 at 9:00a.m.
The location is EB 32C2.  Please adjust your schedules to reflect this
important meeting.

Many thanks,
Barbara Lewis
x3-5085


Shirley,

Please, renew my membership.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2001
03:21 PM ---------------------------

Teresa Knight <Teresa.Knight@nesanet.org> on 05/02/2001 02:38:41 PM
To:
cc:
Subject: NESA/HEA Renewal Last Call

Just a last reminder that you haven't renewed your 2001 NESA/HEA dues.  We
are in the process of preparing to publish our annual directory and are
hopeful that you will take a moment to renew your dues so that you are
included.  If you have misplaced your form, please visit our website at
www.nesanet.org and click on WHAT IS NESA, or call the office at
713/856-6525 and we can update your records over the phone with a credit
card.  Dues are only $75 and you don't want to be left out!

Let us hear from you, or if you wish to be deleted, just respond to this
message.  Thanks for your consideration and we hope you'll renew your dues!

Teresa Knight
Vice President, Membership
NESA/HEA
(713)856-6525
Fax (713)856-6199


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/29/2000 02:45
PM ---------------------------

Karen_E._Richardson@DOM.COM on 06/28/2000 02:42:17 PM
To: chris.germany@enron.com, adiza@enron.com, mdriscoll@enron.com,
HBoyd@ColumbiaEnergy.com
cc:
Subject: Partial Requirements Pooling - Latrobe Steel

The attached file reflects necessary criteria for the customer to participate
in
this program.
Please refer to the Nomination Procedure section -- it indicates which
contracts
should be used as well as the required fields.

Please note that both the pool operator and the direct (or its agent) must
enter
corresponding nominations.

Please feel free to contact me at 216-736-6024 if you have any questions.

(See attached file: Partialpooling.doc)

 - Partialpooling.doc


You're right - bankruptcy is a likely move for PG&E. But this deal was
entered in place of an existing position we had with PG&E in the California
Power Exchange, and it's been approved by our legal and credit departments.

Let me know if you have further questions.

Thanks,
Kate

	From:  Sharen Cason                           01/17/2001 01:12 PM

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

Subject: #499147

This deal is with PG&E.  I thought they were going into bankruptcy.  Can you
check and see if this is a wrong co name or what.

Thanks!


MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:  MICHAEL L. MILLER

Topic:  Principal Investments

Thursday, May 17, 2001
11:30 a.m. - 12:30 p.m.
EB 5 C2

You bring your lunch,          Limited Seating
We provide drinks and dessert.        RSVP  e-mail Kathie Grabstald
                   or call x 3-9610


Glad to help--concocting market based rates for storage facilities that
probably don't deserve them is one of the few things I know how to do.  DF

Shelley Corman
04/20/2000 12:32 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Market-Based Storage

ENA is pursuing a gas storage project.  One assumption of their project
development is the ability to attain market-based pricing for the facility.
Tom Shelton called  looking for a primer on how to apply for market-based
rates.   I gave him the 10,000 ft story of how any regulated entity can apply
for market-based rates under the Alternatives to Traditional Ratemaking
policy statement, but that to date only storage facilities have been
successful in willing market-based rate treatment.  I think his client is
looking for more of a procedural look at what needs to be done.  Do you care
if I send  them  a copy of the market-based storage testimony from the last
NNG rate case?    Sorry, but I mentioned that you forged market based storage
services for Market Hub Partners in your former life.  So, don't be surprised
if you hear from Tom Shelton or his client John Allario.


Thanks for approving the Portland promotions.  I think that they all are very deserving and it goes a long way to making people feel like they are getting recognized for the accomplishments of this office.  It is very helpful having your support on that.


I'm back.  Last night my little boy was sick, so I guess it was a virus.  I
feel good today.

CA time.

Kay

From: Gregg Penman on 04/10/2001 11:29 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: CA

Have you made it back into the office today?  Just checking on the CA.

Let me know.

Gregg


did you really send this at 8:24?
you were early.

Gerald.Nemec@enron.com on 11/01/2000 10:08:24 AM

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

Did you make it to work this morning?


I am pleased to announce that iBuyit Payables has been activated for all organizations supported by Houston Accounts Payable.  iBuyit Payables is an innovative tool that will enable us to code and approve invoices for goods and services online.

Who is impacted?
Beginning today, all coders and approvers of invoices that were previously submitted to Houston Accounts Payable for processing and payment, will code and approve invoices through iBuyit Payables.  Invoices entered directly into SAP, will not be impacted by this process.

Note:  Beginning May 8th, any invoices with coding sheets received by Accounts Payable will be entered into iBuyit Payables and electronically routed back to the coder. The invoice will then need to be coded and approved (again) in iBuyit Payables to generate a payment.

How do I receive training?
Online system demonstrations and quick reference cards are available on the Enron intranet in the Integrated Solutions Center Document Library at <http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265>.
Note:  You must use the Enron standard Microsoft Internet Explorer to view these materials.

Who do I call for help?
*  For help using the iBuyit Payables system, contact the ISC Call Center at (713) 345-4727.
*  For invoice payment status, contact the Accounts Payable Call Center at (713) 853-7127
 or toll free at (866) AP ENRON, or send an e-mail to iBuyit.payables@enron.com <mailto:iBuyit.payables@enron.com>.

Questions?
For general information about iBuyit, send an e-mail to <mailto:ibuyit@enron.com>.

<Embedded Picture (Metafile)>


Hi, Suzanne.

I was wondering if you would do me a favor.  You have sent a couple of
packages to Jeff's home by UPS or FedEx.  Unfortunately, Jeff is never there
to sign for them, so the packages are delayed in getting to him as we have to
track them down.  UPS is very good about rerouting to the business address,
but FedEx won't reroute without the permission of the sender (i.e., you).

At any rate, in the future if you would send packages to Jeff at Enron Corp.,
1400 Smith Street, EB5008, Houston, Texas, 77002, I would really appreciate
it.  And of course, anything marked "confidential" is opened only by him.

Thanks a lot, Suzanne.  Hope all is well with you.

Sherri


ENERGY TAX WORKSHOP
APRIL 24, 2001

ENERGY RESTRUCTURING & DECOMMISSIONING TAX GROUP
APRIL 25, 2001

McDermott, Will & Emery
227 West Monroe Street
45th Floor Conference Center
Chicago, Illinois 60606-5096

This is a reminder that you have been invited to attend McDermott, Will &
Emery's 2nd Annual Energy Tax Workshop ("Tax Workshop") on Tuesday, April 24,
2001 and the initial meeting of the Energy Restructuring and Decommissioning
Tax
Group ("Restructuring/Decommissioning Tax Group") on Wednesday, April 25,
2001.
Both meetings will be held in the Chicago offices of McDermott, Will & Emery.

For those of you that have already registered for the Tax Workshop or the
Restructuring/Decommissioning Tax Group (or both), we have attached an agenda
for the Tax Workshop and a revised agenda for the
Restructuring/Decommissioning
Tax Group.

For seminar attendees that will be in Chicago on the evening of Tuesday, April
24, there will be a group dinner at Bice at 6:00 p.m.

Three easy ways to register for the Tax Workshop on the 24th and/or the
Restructuring/Decommissioning Tax Group on the 25th:
1. Visit our website at http://www.mwe.com/energytax
2. E-mail your name, company, address, phone and fax to sbuchanan@mwe.com
3. Call us at 312-984-2735

Registration is free.  Space is limited, so please register early.

For questions or further information, please contact Shannon Buchanan at
sbuchanan@mwe.com or 312-984-2735.

We look forward to seeing you in Chicago on the 24th and 25th of April!

This invitation may be considered advertising under the rules regulating the
legal profession.

David Hardy
212-547-5307
dhardy@mwe.com

Andie Kramer
312-984-6480
akramer@mwe.com

Laurie Marsh
212-547-5562
lmarsh@mwe.com

Bill Pomierski
312-984-7531
wpomierski@mwe.com

Marty Pugh
202-756-8391
mpugh@mwe.com
(See attached file: CHI99_3692487_1.DOC)

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/

 - CHI99_3692487_1.DOC


Please note a new version of curve manager has been tested in the Stage environment which include below features:

1. We will be able to mark Swaption Volatility -- In the past (current version of curve manager you are using) we only have one set of volatility curves which is being applied to the calculations of both option and swaption deal types.  The new version of curve manager allow us the flexibility to more accurately mark volatility curves seperately for swaption deal type.  If you decided that you are not going to use this feature by not marking a seperate set of volatility for swaptions, our calculation system will by default use our option volatility curves.

2. In the past if you mark the long term (by month) price "change" column directly in the curve manager for certain month, the curve manager will automatically apply the same change to be the same price change for the same month in all other years.  In the new version, this "automatic" feature will be removed.  Please note if you mark long term curves by doing copy and paste from Excel rather than by marking the curve change directly in the curve manager, this "automatic" feature has not affected you in the past and will not affect you in the new version.

Risk has tested above changes to the curve manager successfully.  Please let us know as soon as possible if you have other concerns by Monday (10/22) or we will ask IT to release the new version.

Thanks,

Fran

 -----Original Message-----
From: 	Govindasamy, Sivakumar
Sent:	Wednesday, October 17, 2001 1:45 PM
To:	Evans, Casey; Chen, Hai; Dahlke, Andrea; Postlethwaite, John; Chang, Fran; Law, Samantha; Dunton, Heather
Cc:	Nommensen, Dave; Lee, Norman; Balasundaram, Arun; Ramakotti, Anand; Yang, Zhiyun
Subject:	New Curve Manager in Stage (V 2.1.016

We have new Curve Manager system (version 2.1.0.16) in stage and can be accessed through Enpower Launchpad (Stage).

New Feature: Swaption Volatility is included.
Change: Year on Year spread has been removed.
Data : We have data for all the curves for Effective date Oct 9th through Oct 15th. Only Nepool have Swaption Volatility curve.

Since we have to move the year on year spread change to East soon, your early response on the test would be highly appreciated. Please feel free to call me at x 57926. Thanks

-Shiva


All,

I will be out of the office tomarrow morning (4/5), but will see you all at
the Enron Law Conference later that afternoon.

Also, I will not return to the office until Tuesday, April 11th, as I will be
taking my Discretionary Day on Monday, April 10th.

See you all in San Antonio,

Susan


David, on a go forwards basis, please ensure that there is a technical sign
off on the principal investments DASH.  I would like either Bob Virgo or
Wayne Mays to have a look at these investments from a technical due diligence
point of view and to be on side before the investment is made.

Regards
Delainey


Well, since you asked (And I know you did not but I can not resist - I
laughing very hard right now) I think about you and how sweet you are. I try
not to fixate as I believe it is unhealthily both psychologically and
physically as I can easily run for an hour.

craig

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Wednesday, October 11, 2000 2:47 PM
To: Craig Lindberg
Subject: RE:

You mean that when you run and listen to music you can think too?
Obviously you are every bit as talented as you are handsome and charming.

Craig Lindberg <craigl@calpine.com> on 10/11/2000 02:33:24 PM

To:   "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject:  RE:

Getting an e-mail from you definitely gives me a big smile on my face!

Lunch was wonderful - I did not want to go back to work. I would have loved
to spend the day with you.

Now regarding being your office boy, I did not say anything about group as
I
can not be distracted from your needs, I can't think of a better job unless
you owned an art gallery and I was the mover de arte'

You did not ask me what I thought of when I ran.

craig


Personal and Confidential
Privileged Solicitor and Client Communication

As many of you know, I met with Chris Calger yesterday in Portland.  I
will be preparing a memorandum of my conversation with Chris which I
will ask him to review for distribution.  In summary, Chris was frank
and open, and in my view, expressed genuine corporate concern with the
investigation.  I believe that my notes will indicate that Chris did not
have direct contact with PowerX in connection with any particular trade
during the period being investigated by the government.  Although, in my
view, Chris had general knowledge of Enron*s approach taken in
connection with bidding power into the pool, he did not see himself as
spearheading or orchestrating that process.  I hope to prepare my memo
today for review by Chris later in the day.

PowerX has retained the law firm of Lawson Lundell in Vancouver to
represent their interest.  The lawyer is Chris Sanderson who is a senior
member of the B.C. and Alberta Bars.  His practice focuses on regulatory
law and civil litigation, particularly in the energy industry.

I spoke to Chris Sanderson today to introduce myself and to give him a
very general background on the investigation conducted at the Calgary
office.  He reported that a similar investigation had taken place in the
PowerX office in Vancouver.  Their investigation started at the same
time as ours and ended on Thursday of last week.

Chris Sanderson did confirm that there are tapes of conversations with
Enron involving these various trades.  As a result, I suspect that these
tapes ought to contain the same dialogue that is contained on our tapes.
 I did not get into any discussion as to the information that may be
contained on the tapes and exactly what information had been seized by
the government.  I did get the impression, however, that the government
has taken possession of tapes from PowerX.

He indicated that in his preliminary view the documents themselves are
not the concern but the tapes are.  Again, I did not discuss any
particular matter with respect to the tapes only that Enron did keep
taped conversations of trades undertaken by its traders.

I think it would be worthwhile, and he agreed, if Glenn Leslie and I,
and perhaps Web, met with Chris at the appropriate time.  He is open to
entertain a dialogue between counsel subject of course to matters of
privilege and commonality of interest.

He indicated that he wants to take approximately two weeks to review the
evidence obtained by the investigators (he has not done so yet and
preferred having a firm knowledge of the information seized by the
government before talking to us) and thereafter, initiate a dialogue
with us to see what information might be worth sharing.

I will have Glenn Leslie give him a call to try to set a date when we
might meet with him.  We might want to discuss briefly during our
telephone conference on Friday our approach to meeting with Lawson
Lundell and what would be our ultimate objectives in doing so.

Yesterday, I talked to Cliff O*Brien, the counsel retained for John
Lavorato, and tried to give him a very brief overview of the issues.
Unfortunately, I was at the Portland airport when I did talk to him and
had to keep my conversation somewhat cryptic.  Cliff did meet with John
Lavorato for approximately two hours last night.  Cliff called me this
morning and would like to meet with me.  I will meet him at 4:00 today.
Cliff indicated that the matter was more complex than he had imagined
and expressed a view that in John*s opinion these were simple trades and
nothing else.  I will report to you further on this after I have had a
chance to meet with Cliff O*Brien.

If any of you have any questions, please don*t hesitate to call.  In any
event, we will be talking at our regularly scheduled conference call
Friday at 10:30 (central time).

Regards,

Dan


fyi...
-----Original Message-----
From: Boudreaux, Shanna
Sent: Wednesday, November 07, 2001 9:33 AM
To: Versen, Victoria; Townsend, Judy; Lamadrid, Victor; Neal, Scott;
Germany, Chris; Ordway, Chris; Garcia, Clarissa
Subject: FW: TE Capacity for length restricted

FYI!

-----Original Message-----
From: infopost@duke-energy.com [mailto:infopost@duke-energy.com]
Sent: Wednesday, November 07, 2001 12:00 AM
To: infopost@duke-energy.com
Subject: TE Capacity for length restricted

November 7, 2001

Extended weather forecasts portend low demand conditions for the next
week to ten days.  Currently, Texas Eastern Transmission (TE) is facing
high line pack levels and full storage.  Thus the pipe has severely
restricted ability to absorb due-shipper gas.  Effective immediately, TE
is requesting that all shippers ensure that physical receipts do not
exceed physical deliveries. Receipt operators are expected to not flow
above scheduled volumes.  Delivery meters are expected to take all gas
scheduled.  Any customer who is long should take immediate action to
resolve due-shipper positions.

No due-pipeline makeup gas may be scheduled, and OBA parties should
ensure that physical takes match scheduled nominations. Due-shipper
makeup gas may be scheduled through your Operations Account Manager.
These restrictions are expected to be in effect until further notice.

Please contact your Operations Account Manager if you have any
questions.

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

NOTE:

Duke Energy Gas Transmission respects your online time and privacy.
You have received this email because you elected to subscribe. To
unsubscribe, login to the E-mail Notification Subscription page at
http://www.link.duke-energy.com/script2/Notification.asp
uncheck the appropriate checkbox, and click the Submit button.


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To unsubscribe send a blank email to leave-stockfirst-37848R@mail.stockadvisor.ws


Please see attached draft and let me know if you have any comments or suggested changes.


Enron Methanol nominates the following requirements for the Methanol Plant
for March 2000:

     March 1st &2nd                            32,000  mmbtu per day
     March 3rd through 12th                0 mmbtu ( Plant down for repairs)
     March 13th through 31st             32,000 mmbtu per day

NOTE: NATURAL GAS TO BE BOUGHT AT THE "GAS DAILY MID" DUE TO PLANT OUTAGE FOR
THE METHANOL PLANT ONLY.

EGPFC nominates the following for the MTBE Plant at Morgan's Point for March
2000

   10,000 mmbtu per day


Just a friendly reminder...the attached e:mail describes certain transactions
and accomplishments for 2000 that are confidential and still commercially
sensitive.  Please do not discuss any of this information with anyone outside
of Enron.

Thanks,

Chris

---------------------- Forwarded by Christopher F Calger/PDX/ECT on
12/21/2000 03:20 PM ---------------------------
   Enron Americas - Office of the Chairman
From: David Delainey and John Lavorato@ENRON on 12/21/2000 02:02 AM CST
Sent by: Enron Announcements@ENRON
To: ENA Employees
cc: Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Jeffrey A
Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT,
Philippe A Bibi/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Frevert/NA/Enron@Enron, Greg
Whalley/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Ben F
Glisan/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, Cliff Baxter/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT,
Mark Palmer/Corp/Enron@ENRON
Subject: Re-Alignment

Thanks to all of you, Enron North America has had an outstanding year in
2000.  Some of the more notable accomplishments include:
a) 100% plus increase in EBIT from 1999 actuals to 2000 forecast;
b) significant rationalization of the balance sheet including the sale of the
(i) Wind River/Powder River gathering assets, (ii) East Coast Power
generating assets, (iii) HPL and (iv) five of the six Eastern Peakers;
c) ENA is the leading energy merchant by a factor of two;
d) physical electricity volume grew by 34% YTD 1999 to YTD 2000 forecast;
e) natural gas volumes grew by 82% YTD 1999 to YTD 2000 forecast;
f) 500% growth in daily transactions from November 1999 to November 2000 due
to the highly successful Enron OnLine distribution channel; and
g) ENA reaching its 25% ROCE target.

These are truly outstanding accomplishments and our expectations for growth
and opportunity in Enron North America for 2001 are consistent with that
success.  In order to reach these goals, we felt it necessary to re-align a
number of our organizations. A number of these changes are completed.  The
goals of such re-alignment include:
a) increase overall productivity with the goal to ensure that every employee
is in a position to contribute regardless of skill set;
b) increase overall market coverage, deal flow and information generation
with the goal to increase bid/offer income, increase the velocity of deal
flow, improve customer coverage and promote quality information transfer to
our trading organization;
c) increase deal quality and earnings quality with the goal to (i) allocate
our resources towards the best transactions and (ii) significantly increase
our &mid-market8 originated transactions in our portfolio;
d) promote real time decision making and a closer tie between our trading and
origination (mid-market and structured) organizations in order to better
align those functions to reduce the amount of un-productive internal focus;
e) increase the overall velocity of the capital being utilized consistent
with our goal of a 25% plus return on capital employed; and
f) identify and recognize a host of new leaders in the organization that are
critical to meeting our goals next year.

With these objectives in mind, patterned after the successful business models
in Calgary and Portland, effective immediately the following changes are
being implemented:
a) East Power ) a single East Power Team incorporating trading, mid-market
and origination will be formed under the co-leadership of Kevin Presto and
Janet Dietrich who will report to the Enron Americas - Office of the Chairman
(EA OOC).  This team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions.  Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern power markets. The team will be responsible for covering the IOU,s,
muni,s/co-ops, industrials and IPP,s and will utilize all ENA,s product
capabilities including the power commodity, assets and capital. The team will
further be broken down into several key strategic regions and business units
including:
  (i) ERCOT ) managed by Doug Gilbert Smith and Bruce Sukaly;
  (ii) NE ) managed by Dana Davis and Jeff Ader;
  (iii) Midwest ) managed by Fletch Sturm and Ed Baughman;
  (iv) SE ) managed by Rogers Herndon and Ozzie Pagan;
  (v) East Power Development ) managed by Ben Jacoby;
  (vi) East Power Structuring  - managed by Bernie Aucoin; and
  (vii) East Power Fundamentals and the &Genco8 ) managed by Lloyd Will

b) West Power ) there will be no changes to the Portland office which is
managed by Tim Belden and Chris Calger .  Both Tim and Chris will continue to
report to the EA OOC.
c) Canada and Mexico ) there will be no changes to the Canadian or Mexican
offices which are managed by Rob Milnthorp and Max Yzaguirre respectively.
Both Rob and Max will continue to report to the EA OOC.
d) U.S. Natural Gas ) there are several changes anticipated in this business
consistent with the goals and objectives described above. The changes
primarily affect the East, Central, West and Texas gas regions. Each region
will consist of a single gas team incorporating trading, mid-market and
origination. Each team will have one income statement, one book and a joint
accountability. However, a clear delineation of responsibilities inside these
teams will continue to exist in which the trading organization will manage
the risk, income statement and product development aspects of the
partnership. The originators will have the primary responsibility to generate
origination income, provide coverage, deal flow, lead strategy formulation,
provide information and generate strategic positions. Overall, the team will
be rewarded based upon increasing the value of the book, meeting
coverage/deal flow targets and meeting its strategic/growth goals in the
Eastern, Western, Central and Texas gas markets.  The team will be
responsible for covering the LDC,s, muni,s/co-ops, industrials, IOU,s, IPP,s
and the producers.  There will be an increasing focus on the upstream side of
the business including the producers, transporters and storage providers in
addition to market area opportunities. The team will utilize all of ENA,s
product capabilities including the gas commodity, assets and capital. Each of
these groups will report directly to the EA OOC;
East Gas ) a single East Gas Team incorporating trading, mid-market and
origination will be formed under the co-leadership of Scott Neal and Frank
Vickers who will be returning from Portland to join this team.
West Gas  ) in a similar manner, a West Gas Team will be formed co-managed by
Phillip Allen and Barry Tycholiz, who will be joining us in Houston from the
Canadian team. The Denver office under Mark Whitt will be integrated under
this team.
Central Gas )  in a similar manner, a Central Gas Team will be formed
co-managed by Hunter Shively and Laura Luce. The Chicago office will be
integrated into this team.
Texas Gas ) the Texas Gas Team will be managed by Tom Martin. This team will
continue to manage the gas trading business around HPL until the pending sale
is concluded in Q2 2001.  After the sale of HPL, this team will build a Texas
gas business without ownership of the HPL assets.
Financial ) this group will continue to be managed by John Arnold with no
significant changes.
Derivatives ) this group, lead by Fred Lagrasta, will offer derivative and
financial mid-market products and services to the natural gas market
specifically targeting CFO,s and treasury departments.  Fred will continue to
maintain certain existing mid-market accounts with a number of producer and
industrial accounts where relationships are well formed. Otherwise,
mid-market coverage will gravitate to the regions. The New York office gas
marketing efforts will continue to be managed by Fred.
Upstream Products ) this group, lead by Jean Mrha, will develop several
distinct product offerings for the upstream segment of the gas market.  This
group will develop and market the product in conjunction with the regions.
This is consistent with our desire to have a broader product offering and
greater market penetration in the upstream segment.  These products include
producer outsourcing, similar to our successful Petro-Canada and Suncor
relationships in Canada, physical storage re-engineering, compressor
services, wellhead liquidity products and offshore asset and capital
products.  In addition, Jean will manage our Bridgeline joint venture with
Texaco.
Gas Structuring ) this group will be lead by Ed McMichael, reporting to Frank
Vickers, will provide structuring and deal support to all the gas teams.
Gas Fundamentals ) this group will be lead by Chris Gaskill, reporting to
Hunter Shively, will provide fundamentals to all the gas teams.

Julie Gomez will continue to support the gas floor through several identified
projects including long-term supply/demand analysis and, natural gas
transportation capacity trading opportunities.

There is an expectation of some customer overlap between the gas and power
groups; for example, the combination utilities and the IPP,s.  The teams will
coordinate with regard to the combination utilities like Con. Edison or
PG&E.  With regard to the IPP,s, to the extent that the product offering
involves an underlying power position, the power teams will manage. We have
asked Janet Dietrich to coordinate such overlaps between the two
organizations in Houston.

e) Technical/Restructuring - In the effort to consolidate and centralize our
technical resources (engineering, development, operations, pipeline) to
ensure that this skill base is available to all ENA groups and utilized
productively across the organization, Brian Redmond will form and manage the
Technical Services Group.  This group will manage ENA,s technical risks and
will provide, on a cost basis, technical services for the entire ENA
organization. This group will manage the interface with EE&CC and OEC.  In
addition, the Restructuring Group, currently managed by Dick Lydecker, will
report to Brian Redmond.  This group is currently monetizing a large portion
of the merchant investment portfolio given our current strategies.  This
group will have continuing responsibility to manage troubled commodity and
capital transactions that need considerable time and attention to manage risk
and monetize.

In addition to these responsibilities, Brian will manage the pending sale and
transition of the HPL asset over the next couple quarters as regulatory and
securities approvals are obtained in order to complete the sale.  Brian will
report to the EA OOC.

f) Principal Investing  )  with the departure of Jeff Donahue to new
opportunities in EBS, ENA,s venture capital function will be managed by
Michael L. Miller.  This group makes small investments in distributed
generation, power quality and technology companies that can benefit from
Enron,s distribution channels and expertise.  Michael will report to the EA
OOC.

g) Corporate Development ) Tim Detmering will assume the corporate
development responsibilities for ENA as Jeff transitions to his new role and
will report to the EA OOC.

h) Generation Investments ) there will be no changes to this group managed by
Dave Duran. Dave will continue to report to the EA OOC.

i) Energy Capital Resources ) there will be no changes to this group
currently lead by C. John Thompson and Scott Josey.  John and Scott will
continue to report to the EA OOC.

As a final note in the interest of keeping things simple, Enron Americas will
have two operating divisions  - Enron North America and Enron South America.
As a result, we will continue to conduct business under these two operating
companies; therefore, eliminating the need to change legal entities et al.
If you are currently a commercial employee of ENA or ESA you will continue to
conduct business in that company.

We look forward to another exciting year in the North American energy
market.  This is certainly a company unrivaled in the marketplace with the
most talented employees.  The opportunities are endless.  We wish you and
your family a very happy and safe holiday season.


Start Date: 4/18/01; HourAhead hour: 22;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041822.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  UNIT_ID: WSENGY_1_UNIT 4


Attached for your review are drafts of the Capacity Assignment and Release
Agreement and the Transaction No. 1 attached to the Master Firm Purchase Sale
Enfolio.

Peter,  any input you would have on Article 3 of the Assignment Agreement
would be greatly appreciated.  Stephanie is trying to get these out as soon
as possible tomorrow.


Daren, can these deals be extended or are there new deals to replace the ones
indicated below?

Thanks, Stella
---------------------- Forwarded by Stella L Morris/HOU/ECT on 03/03/2000
02:27 PM ---------------------------

	Anita Luong
	03/03/2000 01:35 PM

To: Stella L Morris/HOU/ECT@ECT
cc: Megan Parker/Corp/Enron@ENRON
Subject: Meter 9643 for 1/2000

Stella,
This is Fred's meter but I helping him out.   Can you please extend 2 deals
at meter 9643.

114096  HPL Resources Liquids Division ( for 1/2000 only)
93210  Cactus Swift (for 1/2000 and 2/2000)

Let me know if you have questions.

Thanks


Jason Peters (x39720) will be able to go with you - you might meet with him a
bit ahead of time to fill him in on what you plan to do.


Cheryl,

The deal was done with one of the California Power Books.  We use the
ECC/RISKMANTRA to book any deal with an Enron subsidiary...not just Canadian
deals.  So, I don't think this deal has anything to do with the Canada
office.  Let me know if you need more information.

Susan

To: Susan M Scott/HOU/ECT@ECT
cc: Frank Cernosek/HOU/ECT@ECT, Shannon McPearson/HOU/ECT@ECT
Subject: TAGG Deal NK4420.1

Hi Susan

I am trying to verify the liquidations for financial close and noted that
TAGG deal NK4420.1 entered by yourself
shows ECC (Enron Canada Corp) as the counterparty.

Here in Canada, we do not to deals at NGI-PGE/CG and I do not believe that
the book PWR-NG-LTCA is a Canadian
book.  A review of the audit trial indicates that the counterparty used to be
EPMI.  Is it possible it was changed by
mistake to ECC.

Can you please look into this deal first thing Monday morning as we need to
book the liquidations Monday am for
financial close and let me know what you think about this deal.

Thanks for your help.

Cheryl


Bill,

Any suggestions as to who should interview Darrin Presto? Let me know and I'll set it up!

Thanks,
Grace

 -----Original Message-----
From: 	Rodriguez, Grace
Sent:	Friday, June 29, 2001 9:23 AM
To:	Fitzpatrick, Amy; Williams, Bill
Subject:	RE: Wolf -Reply -Reply -Reply

Please let me know who you would like to interview Darrin, and when.

Thanks!

-Grace

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Friday, June 29, 2001 7:35 AM
To:	Rodriguez, Grace
Subject:	FW: Wolf -Reply -Reply -Reply

Grace -

Please schedule an interview for this candidate to meet with me, Bill and anyone else that Bill recommends.   We need to treat this one 'right' - he is the brother of a VP in Houston........

Thanks!
Amy

 -----Original Message-----
From: 	Wolfe, Greg
Sent:	Friday, June 29, 2001 6:53 AM
To:	Williams III, Bill; Fitzpatrick, Amy
Subject:	FW: Wolf -Reply -Reply -Reply

Bill/Amy:

Attached is Darrin Presto's resume. I have met Darrin in the past and based upon my first impression he would be a good candidate for real time. Please set up an interview.

Thanks

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Friday, June 29, 2001 5:46 AM
To:	Wolfe, Greg
Subject:	FW: Wolf -Reply -Reply -Reply

Cover letter and resume from my brother are attached.

 -----Original Message-----
From: 	Darrin Presto <Darrin_Presto@RSD.EDU>@ENRON [mailto:IMCEANOTES-Darrin+20Presto+20+3CDarrin+5FPresto+40RSD+2EEDU+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 28, 2001 6:37 PM
To:	Presto, Kevin M.
Subject:	RE: Wolf -Reply -Reply -Reply

Kev,

Here is everything.  Keep me posted.

 - ENRONC~1.DOC << File: ENRONC~1.DOC >>
 - ENRONR~1.DOC << File: ENRONR~1.DOC >>
 - ENRONR~2.DOC << File: ENRONR~2.DOC >>


did we get the 5/d rox at plus .02 yesterday?

mike


Julie called me immediately after getting my e:mail message about you.  Her
role has changed once again at  Enron!   She is running more of a
fundamentals group at present.  Wanted to know if you would be interested in
that.  Told her that I couldn't speak for you.  I'd suggest that you contact
her and talk with her even if at first blush that may not be your first
interest.  Can't hurt to hear about what she is doing and spend some time
with her.  You may not then be interested in her rotation, but you'll know
more and she will know you.

FYI - she is a University of Nebraska graduate.  --Sally


Hey there.  I did get your message and yes we did wire $26,000.00 yesterday that is for a gas prepayment.  Pete sent me an email earlier this week asking for a confirmation number from our treasury department of the wires we make.  I like that idea and I'm still working on getting the info to add to my worksheet.

thanks.

 -----Original Message-----
From: 	"Kirkpatrick, Shawn" <SKirkpatrick@reliant.com>@ENRON
Sent:	Friday, February 15, 2002 9:42 AM
To:	Germany, Chris
Subject:	2-14-02 money

Hello Chris,

Melissa in our Accounting Dept. left me a message that and even
$26,000.00 came in yesterday.  I wanted to check with you whether or not
it is a gas prepayment.  Please let me know at your earliest
convenience, and I will let her know.

Thanks,

Shawn

Shawn Kirkpatrick
Contract Analyst
Reliant Energy Services, Inc.
Phone:  713-207-6569
Fax:      713-393-0212


Attached are the Final 1999 Weekly Cost Summary and Draw Schedule for the 99
Peakers.  Going forward, I will only be issuing these reports once a month
since the Peakers are 99.6% complete and we are only waiting on a few
straggling costs ($1.6MM).  Please call me if you have any questions.

Thanks,
theresa
x58173


The EES VaR for today is $11.1 million, up from yesterday's VaR of $8.2
million, due to the additional short positions added at NP and SP.   The VaR
will decrease once the short positions associated with the University of
California facilities are removed.


i want to bid 10 on jeff feagles.


Thank you very much for your help.

Kim Melodick@ECT
10/16/2000 02:38 PM
To: Clint Dean/Corp/Enron@Enron
cc:

Subject: vacation balance

Just a note of follow up.  The employee sevice center informs me that
corporate is working on your vacation balance adjustment.  Hopefully, we will
hear that the correction has been made in the next day or two.


Please find attached below a list of PG&E Energy Trading scheduling contacts.

We have been advised that the schedulers can handle small volumetric changes
and they will advise if you need to talk to a trader. The trader contacts (if
needed) are as follows:

East - John Ed James - 713.371.6673
Midwest - Tom Dickey - 713.371.6163
West - Allen King - 713.371.6123

Both John and Tom will be leaving ET at the end of the summer. Allen is the
only individual who will be transferring to the Bethesda, MD office.

Please advise with any questions. Thanks.

Tim

---------------------- Forwarded by Timothy J Hamilton/HOU/EES on 06/15/2000
10:57 AM ---------------------------

"Franklin, Scott" <scott.franklin@pgees.com> on 06/15/2000 08:53:21 AM
To: "'thamilto@enron.com'" <thamilto@enron.com>, "'larnold@enron.com'"
<larnold@enron.com>, "'mdriscol@enron.com'" <mdriscol@enron.com>
cc: "DiCarlo, Louis" <louis.dicarlo@es.pge.com>, "Oliphant, Gordon"
<gordon.oliphant@es.pge.com>
Subject: ET scheduler contact list

Tim, Laura, and Marde,

        Please send this file to rest of your schedulers.

            Thanks,
                    Scott

 - ET Contacts.xls

   PG&E Energy Services Corporation and PG&E Energy Services Ventures, LLC
   are not the same company as Pacific Gas and Electric Company, the
   utility, and are not regulated by the California Public Utilities
   Commission. If you are a customer of Pacific Gas and Electric Company
   you are not required to purchase services from PG&E Energy Services
   Corporation or PG&E Energy Services Ventures, LLC in order to continue
   to receive quality regulated services from the utility.


Kim,

The FedEx package of contracts is going out tonight.  I've included:

Clarke County gas purchase agreement with APEA
SMUD gas purchase agreement with APEA
Enron gas supply agreement with APEA

I told Roger Mock that once we confirmed that the delivery point with SMUD and ensured that we were comfortable moving it, we'd let him know.  I also wanted to make sure that from the West Gas Desk's perspective, if we change the delivery point but leave quantity and term alone there would be no price differential to APEA?  Just keep me posted.

Michael Wong
Enron North America
(w) 415-782-7808
(c) 415-297-9664


I am pleased to announce the formation of the Enron Management Committee.  The Management Committee comprises our business unit and function leadership and will focus on the key management, strategy, and policy issues facing Enron.  The Management Committee will supplant the former Policy Committee and will include the following individuals:

Ken Lay - Chairman and CEO, Enron Corp.
Ray Bowen - COO, Enron Industrial Markets
Michael Brown - COO, Enron Europe
Rick Buy - Exec VP & Chief Risk Officer, Enron Corp.
Rick Causey - Exec VP & Chief Accounting Officer, Enron Corp.
Dave Delainey - Chairman and CEO, Enron Energy Services
Jim Derrick - Exec VP & General Counsel, Enron Corp.
Janet Dietrich - President, Enron Energy Services
Jim Fallon - President & CEO, Enron Broadband Services
Andy Fastow - Exec VP & CFO, Enron Corp.
Mark Frevert - Chairman & CEO, Enron Wholesale Services
Ben Glisan - Managing Director & Treasurer, Enron Corp.
Mark Haedicke - Managing Director & General Counsel, Enron Wholesale Services
Kevin Hannon - CEO, Enron Global Assets & Services
Stan Horton - Chairman & CEO, Enron Transportation Services
Jim Hughes - President & COO, Enron Global Assets & Services
Steve Kean - Exec. VP & Chief of Staff, Enron Corp.
Louise Kitchen - COO, Enron Americas
Mark Koenig - Exec VP, Investor Relations, Enron Corp.
John Lavorato - President & CEO, Enron Americas
Mike McConnell - President & CEO, Enron Global Markets
Jeff McMahon - President & CEO, Enron Industrial Markets
Jeff Shankman - COO, Enron Global Markets
John Sherriff - President & CEO, Enron Europe
Greg Whalley - President & COO, Enron Wholesale Services

	After we convene the Management Committee later this week, I will make a further announcement regarding the Executive Committee.


Try it again and let me know.

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Wednesday, December 05, 2001 2:44 PM
To:	Staab, Theresa
Subject:	RE: Crestone - Westport

Ok, now a verification is coming through (it wasn't before) but still no rate:
 << OLE Object: Picture (Device Independent Bitmap) >>

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Wednesday, December 05, 2001 3:23 PM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone - Westport

Can you try this again?
Thanks.

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Wednesday, December 05, 2001 1:57 PM
To:	Staab, Theresa
Subject:	RE: Crestone - Westport

This is still not showing up.  Let me know!!

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Wednesday, December 05, 2001 11:53 AM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone - Westport

Try this one now and let me know.
Thanks.

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Wednesday, December 05, 2001 9:06 AM
To:	Staab, Theresa
Subject:	Crestone - Westport

Theresa - contract #96027206 needs a rate for 10/01.
Please let me know.  Thanks, Gloria
 << OLE Object: Picture (Device Independent Bitmap) >>


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/04/2000
06:35 AM ---------------------------

"Glover, Rusty" <rglover@halff.com> on 02/03/2000 03:46:11 PM
To: "GREG (E-mail)" <glover@neto.com>, "CHERYL (E-mail)"
<ckhalla@swbell.net>, "ROCHELLE (E-mail)" <AggieEngineer@email.msn.com>,
"FENNY (E-mail)" <clay@ectisp.net>, "KAK (E-mail)"
<KEVIN_CAMERON@SEALAND.COM>, "stick (E-mail)" <travis_cash@dell.com>,
"CAMILLE (E-mail)" <kcdavis@pdq.net>, "KYLE (E-mail)" <KFKU@dynegy.com>,
Daren J Farmer/HOU/ECT@ECT, "BRAD DAVIS (E-mail)" <doodoc@hotmail.com>, "JON
CROSS (E-mail)" <joncross@rlkengineering.com>
cc:
Subject: FW: Missing Man Formation

-----Original Message-----
From: Abbott, Todd
Sent: Wednesday, February 02, 2000 5:00 PM
To: Glover, Rusty; Beard, Jaime; Woodson, Todd; Hauser, Tony; Canedy,
Frank; 'Hatch, Jessica'; 'Lynch, Jerilyn'; 'Rea, Michelle'; 'Van
Fleteren, Jennifer'
Subject: FW: Missing Man Formation

-----Original Message-----
From: Jennifer Martin [mailto:jnmartin97@hotmail.com]
Sent: Tuesday, February 01, 2000 7:16 PM
To: emartin@mail.esc4.com; Abbott, Todd; abraun97@hotmail.com;
chris@figdigital.com; joseph.j.piotrowski@ac.com
Subject: Fwd: Missing Man Formation

>From: "K.C. Allan" <kcallan@hotmail.com>
>To: Jbt@tca.net, joshbuis@swbell.net, Aggie97ljt@aol.com,
>dave_kent@hotmail.com, andrea.ivers@usa.net, bryan_reinke@notes.amdahl.com,

>celeste.y.flores@ac.com, ckoehn@dynamsys.com, cmh5695@medicine.tamu.edu,
>cmaltsberger@lanner.com, dholwerda@unitedtexas.com, dhartman@gdhm.com,
>dmc097@hotmail.com, jamierespondek@hotmail.com, aggie94@vvm.com,
>minchinton@aol.com, jnmartin97@hotmail.com, jprejean@law.harvard.edu,
>kirstenkloepfer@hotmail.com, kandyl03@aol.com, ldp2795@acs.tamu.edu,
>michael_ham@bigfoot.com, jlkloepfer@msn.com, peggy@msc.tamu.edu,
>RussNJan@aol.com, ryan.smith@enform.com, jascollin@msn.com,
>stevef@mail.utexas.edu, timothy.r.fox@us.pwcglobal.com,
>vca5222@acs.tamu.edu, whitney.s.fox@us.arthurandersen.com
>Subject: Missing Man Formation
>Date: Tue, 01 Feb 2000 10:47:31 CST
>
>
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

 - att1.htm

Message-ID: <11EC9291C92CD31190E100902785504F038365@124-cdm-242.tca.net>
From: Chuck Ellison <chuck@ellisonlaw.com>
To: "Denise Werst (E-mail)" <dswerst@wcc.net>, "Bill Helwig (E-mail)"
<helwig@attorneyhelwig.com>, "Bill Martin (E-mail)" <wpm15@juno.com>,  "Bill
Mitchem (E-mail)" <bmitc2665@aol.com>, "Bob Appleton (E-mail)"
<bapplet@mailgw.dot.state.tx.us>, "Bob Shield (E-mail)"
<rcshield@phoenix.net>, "Clint Schroff (E-mail)" <schroff@tca.net>,  "David
Hickson (E-mail)" <dhickson@auctionmart.com>, "Don Jones (E-mail)"
<djones@tca.net>, "Jimmy Bond (E-mail)" <jbond@tca.net>,  "Jon Miller
(E-mail)" <jm@rmmtex.com>, "Kent Caperton (Business Fax)"
<IMCEAFAX-Kent+20Caperton+40+2B1+20+28512+29+20370-2850@ellisonlaw.com>,
"Kim Ellison (E-mail)" <kimberlye23@hotmail.com>, "Marty Roos (E-mail)"
<mir@obht.com>, "Mat Moten (E-mail)" <motenm@aol.com>,  "P.K. Imbrie
(E-mail)" <pkimbrie@ecn.purdue.edu>, "Paul Clarke (E-mail)"
<clarke@tca.net>, "Penny King (E-mail)" <pking@athletics.tamu.edu>,  "PJ
Ellison (E-mail)" <sonny@phoenix.net>,  "Porter & Lisa Garner (E-mail)"
<GARNER@afs.tamu.edu>,  "Reba Ragsdale (E-mail)" <ragsdale@cy-net.net>, "Ron
Spies (E-mail)"  <ronspies@tamu.edu>, "Steve Beachy (E-mail)"
<sbeachy@ci.college-station.tx.us>, "Steve Rodgers (E-mail)"
<rodgers@rmmtex.com>, "Ted Beck (E-mail)" <tb30749@navix.net>,  "Wallace
Trochesset (E-mail)" <lja500@swbell.net>, Tedi  <Tedi@ellisonlaw.com>, "Alan
Futrell (E-mail)" <donalan686@aol.com>,  "Bill Flores (E-mail)"
<whf@rmi.com>, "Brent Futrell (E-mail)"  <bfutrell@xit.net>, "Chris Burkard
(E-mail)" <cburkard@aol.com>,  "David Buttery (E-mail)" <tbuttery4@aol.com>,
"Dean Williams (E-mail)"  <dwilliams@dkseeds.com>, "Fred & Harriet McClure
(E-mail)"  <fredmc@ix.netcom.com>, "H. Lewis Aven (E-mail)"
<lewis_aven@mail.bankone.com>, "John Hatridge (E-mail)"  <hatridge@icsi.net>,
"JOHN WOFFORD (E-mail)"  <JWOFFORD@TIMBERLAKEDICKSON.COM>, "Keith Merrick
(E-mail)"  <kmerrick@sccgroup.com>, "Ladd Roberts (E-mail)"
<laddr@swbell.net>,  "Mark Probst (E-mail)" <probst@pbworld.com>, "Mike Havel
work (E-mail)"  <mhavel@metrocustomplastics.com>, "Robert Waggoner (E-mail)"
<nodus@airmail.net>, "Steve Webb (E-mail 2)" <steve_webb@csgi.com>,  "Steve
Webb (E-mail)" <swebb@Tidalwave.net>
Subject: Missing Man Formation
Date: Tue, 1 Feb 2000 10:02:20 -0600
Return-Receipt-To: Chuck Ellison <chuck@ellisonlaw.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01BF6E90.16740850"

I hope that you enjoy this as much as I did.  For those of you who cannot
get it open, it is a picture from the cockpit of the plane of the missing
man during the flyover at the A&M vs. tu game.

 <<Kyle Field.jpg>>

Chuck Ellison
Charles A. Ellison, P.C.
P.O. Box 10103
College Station, TX  77842
(409) 696-9889
(409) 693-8819 (fax)
chuck@ellisonlaw.com

This e-mail message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information.  Any unauthorized review,
use, disclosure or distribution is prohibited.  If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all copies
of the original message.  Thank you.

 - att2.htm
 - Kyle Field.jpg


Please disregard the version sent earlier.  I inadvertently failed to remove
the language in the ( ).  Please use this version.


Tana

Would you be able to do me a favour and take a look at the attached NDA - or
ask a colleague to do so - many thanks - as we are to stick with Texan law,
please ignore my mark-up and look at the document at the bottom.

Any questions please don't hesitate - many thanks

Kind regards

Michael
---------------------- Forwarded by Michael Slade/LON/ECT on 23/11/2000 10:46
---------------------------

Denis O'Connell
23/11/2000 10:12
To: Michael Slade/LON/ECT@ECT
cc: Richard Sage/LON/ECT@ECT

Subject: Re: i2 MOU

Michael - .com is based in London.  IO think it would be best to stick to
Texas law at this stage - can you get this signed -off in Houston.

Tks alot for your help,

Denis

	Michael Slade
	23/11/2000 09:56

To: Richard Sage/LON/ECT@ECT
cc: Denis O'Connell/LON/ECT@ECT

Subject: Re: i2 MOU

Denis/Richard

A couple of points - EnronCredit.com's registered address is here (Unless
there is a US entity of the same name?)
Not surprisingly it is governed by the laws of Texas. Two things we can do -
change it to the laws of England and have arbitration in London (I've
provided for that approach in the attached document) - or send it to Houston
for review (I have a contact we can send it to).

Otherwise it looks a standard NDA.

Mike

Richard Sage
22/11/2000 15:52
To: Denis O'Connell/LON/ECT@ECT
cc: Michael Slade/LON/ECT@ECT

Subject: Re: i2 MOU

USA is closed for Thanksgiving Thursday and Friday, so we are OK so long as
we get it out by 5pm Friday.

Denis O'Connell
22/11/2000 14:43
To: Michael Slade/LON/ECT@ECT
cc: Richard Sage/LON/ECT@ECT

Subject: Re:

tomorrow morning should be fine - Richard ?

	Michael Slade
	22/11/2000 13:43

To: Denis O'Connell/LON/ECT@ECT
cc:

Subject: Re:

sure - when needed as I am a bit stretched today?
M

Denis O'Connell
22/11/2000 13:36
To: Michael Slade/LON/ECT@ECT
cc:

Subject: