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Hello Kathy:

The Research Group would like to bring Hao Peng in for an interview.  His
resume is attached.

The following would be included in the interview schedule.  Since all of
them are in the Research Group (with the exception of HR) we can have the
interviews in EB1938.

Vince Kaminski
Stinson Gibner
Zimin Lu
Paulo Issler
Grant Masson
Krishna Krishnarao
Vasant Shanbhogue
HR ?

Mr. Peng's availability is flexible with the exception of May 2 and May 4 (He
has finals).

If you need anything else, please let me know.

Thanks!

Shirley

 - Cover-Enron.doc
 - Resume-GSIA.doc


I thought i heard Goodell refer to you as a "GOOBER"!

Dave Scott@EES
11/27/2000 07:00 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: FOM distribution

done (last month ... try to keep up)   :-)

Chris Germany@ECT
11/22/2000 12:40 PM
To: Dave Scott/HOU/EES@EES
cc:
Subject: Re: FOM distribution

Please add the following person.

Victoria Versen

happy Turkey day.

Dave Scott@EES
10/27/2000 06:13 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: FOM distribution

Chris, my FOM and daily requirements e-mail currently goes to the following
people at ENA:

C Germany
S Goodell
S Gillespie
C Franklin
C Pendergrass
D Espey
C Vachuska
M Mitchell
K Ruscitti

David


Thank you for placing your order for
Qwest DSL service!

You may reference your order for 5032886546
by your billing telephone number, 5032886546.

During the next two weeks, we will be
configuring and testing your phone line
to ensure that you receive high-quality, reliable
Qwest DSL service. It is possible that this testing
will identify physical characteristics on your
line that will cause your telephone line to be
incompatible with Qwest DSL service. In this case,
we will notify you immediately to discuss other
options.

Your Qwest DSL service should be available on 4/18/2001.

Your order information is detailed below. Please
keep this message for your records.

-------------------------------------------------
Customer Account Information:
Name:                                   AMBER SOSA
Address:                                2505 NE 32D PL, PORTLAND
Telephone Number:                       5032886546

-------------------------------------------------
Order Details:
Service Type:                           Qwest DSL Select
Contract Term:                          Month-to-Month
ISP:                                    QWEST.NET

-------------------------------------------------
Contact and Shipping Information:
Daytime Contact:                        Kate Symes
Contact Telephone Number:               5034647486
Available Hours:                        8AM 5PM
Customer Email:                         kate.symes@enron.com
Shipping Name:                          Kate Symes
Shipping Street Address:                2505 NE 32nd Place
Shipping City:                          Portland
Shipping State:                         OR
Shipping Zip Code:                      97212

-------------------------------------------------
Equipment Information:
Modem:                                  Internal Intel PCI Qwest DSL Modem
Computer Type:                          Desktop
Computer Operating System:              Pentium Win98/2000/Me

-------------------------------------------------
Telephone Line Details:
Wall Mounted Telephone Devices:         0
Other Telephone Devices:                0

-------------------------------------------------
Installation Option:                    Self- Please do not attempt to
                                        install your Qwest DSL modem
                                        until 04-18-01.

The total price of your Qwest DSL order is displayed below.
Applicable taxes will be applied to your bill. Please
note that if you have selected an ISP other than
QWEST.net, you will need to contact your ISP for
pricing information.

SERVICE CHARGES                    NON-RECURRING   MONTHLY
---------------                    -------------   -------
Qwest DSL Select, Month-to-Month
Contract                           $69.00          $19.95
Internet Access                    $0.00           $17.95
Internal Intel PCI Qwest DSL Modem $150.00         $0.00
0 Microfilter Packs of 1 Wall and
3 Desk Microfilters                $0.00           $0.00
----------------------------------------------------------
TOTAL LIST PRICE:                  $219.00         $37.90

SPECIAL DISCOUNTS                  NON-RECURRING   MONTHLY
-----------------                  -------------   -------
One Month Free Qwest DSL Service   $0.00           $0.00
Activation Charge Waiver           ($69.00)        $0.00
Free Qwest DSL  Modem              ($150.00)       $0.00

----------------------------------------------------------
TOTAL DISCOUNTS:                   ($219.00)       $0.00

-----------------------------------------------------------
TOTAL PRICE Qwest DSL ORDER:       $0.00           $37.90

If you have any questions regarding your
order, please call the appropriate customer service
center:

Residential customers call 1-800-244-1111
Home Office customers call 1-800-898-9675
Small Business customers call your account
manager or call 1-800-603-6000
Business and Government Solutions call 1-800-549-5629

Once Qwest DSL has been installed in your home or office, you may also use
the Qwest DSL Online Ordering Site to change the speed of your Qwest DSL
service or to change your ISP.  To change your Qwest DSL service,
please visit our ordering site at http://orderdsl.qwest.com.
Please do not respond to this e-mail.


pls print for my mtg tomorrow.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/05/2000
05:02 PM ---------------------------

	From:  Dan Fancler                           12/05/2000 04:17 PM

To: Dan Fancler/ET&S/Enron@Enron
cc: Drew Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, Lee Ferrell/ET&S/Enron@Enron, Bob
Chandler/ET&S/Enron@Enron

Subject: Re: ETS risk management policy revisions

Tony Pryor recommended that I put back into the policy section II A &B so
that at our meeting tomorrow at 10:00 A.M. we can discuss them.  Please use
this copy of the draft dated 12/5/00 to discuss from tomorrow.

	From:  Dan Fancler                           12/01/2000 11:28 AM

To: Drew Fossum@ENRON, Tony Pryor/ET&S/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, Lee Ferrell/ET&S/Enron@Enron
cc: Bob Chandler/ET&S/Enron@Enron

Subject: ETS risk management policy revisions

I have included Drew's recommendations and have amended the 11/6/2000 drafts
of the ETS Risk Policy and Risk Procedure.  The significant change made was
to take out references to Hedging and Non-Hedging Transactions (II A. & B.
have been taken out).  We will just call them all Derivative Transactions.  I
would like Tony Pryor to arrange a meeting with all parties to move these
documents forward, an alternative is to continue to use the Corporate Risk
Management Policy and just set the trading limits as part of the Corporate
Policy.

Cassandra Schultz in RAC has not responded to the policy and I plan to
follow-up with her after we meet to discuss.

Dan


We are pleased to announce that Dave Duran will replace Janet Dietrich to
co-lead the East Power Wholesale business at Enron.  Dave will continue to
run the highly successful Generation Investments business.

The East Power team will continue to have a single income statement and joint
accountability toward its financial goals as was set out in the
reorganization in late 2000.

Within Dave's Generation Investments group; Michael J. Miller will lead the
effort to acquire new QF projects, Chuck Ward will lead the restructuring
efforts on existing QF projects, and Carl Tricoli will lead the initiative to
develop and market capital products to IPP's.  In addition, Mitch Robinson
will lead a new initiative to evaluate opportunities with coal fired
generation.  Dave and Kevin Presto will attempt to leverage the Generation
Investments business and the Origination activities through a tighter
integration between the two groups.

Dave has over nine years of direct experience in gas and power origination at
Enron including an outstanding performance over the last couple of years
building the Generation Investments business.  He also spent two years
managing Enron's Retail Gas Marketing business in Dublin, Ohio.

The East Power group has had a great start to the year and we feel confident
that the leadership team of Kevin and Dave will lead to continued success.


I think it would be very prudent to put something on the WEB.  We talked about this at the
	Winter Ops meeting and it would be good to have another reminder.

	John, would you work with Michelle and Bill to get a posting on the WEB since I will be
	out of town.  Thanks. Lynn

 -----Original Message-----
From: 	Winckowski, Michele
Sent:	Tuesday, October 16, 2001 11:30 AM
To:	Fowler, Bill; Blair, Lynn; Trevino, Linda
Cc:	Paladino, Ranelle
Subject:	FW: Reverse Auction

	Bill & Lynn - What do you think of Ranelle's suggestion regarding a notice on the Website?

	Linda - Will these points be inactivated in the POI system effective Nov. 1?

	Please advise  MW

 -----Original Message-----
From: 	Paladino, Ranelle
Sent:	Tuesday, October 16, 2001 10:16 AM
To:	Winckowski, Michele
Subject:	Reverse Auction

Michele,
I just found a note that I had written to myself about posting on the web site a notice to remind the Reverse Auction shippers that effective Nov. 1, they wouldn't be able to nominate to the Reverse Auction point anymore.  It may be worth it to check with Bill Fowler and/or Lynn Blair to see if they think this would be beneficial.  Do you want to follow up on this?
Ranelle


Attached is the draft presentation of the internal controls component of the audit.  We are only planning on including the first 4 of 8 pages.   The last 4 pages were built anticipating Andersen being involved and are included here for reference only.

Page 4 is the RAC component.

Thanks,

Andrew


i was told by ed that we would not need a batch funding request to sell gas against post petition.

 -----Original Message-----
From: 	Meyer, Chris
Sent:	Tuesday, February 12, 2002 11:49 AM
To:	Parks, Joe
Cc:	Zisman, Stuart; Nemec, Gerald
Subject:	Centana

Joe - we are going to move forward on the two step approach on the Centana deal that we discussed.  However, to execute step one (sell pad gas with the exception of the amount to cover pre-petition storage cost and net post petition storage costs against proceeds), we will still need to present a Batch Funding Request.  Therefore, please update the working copy to reflect the deal as we've discussed, including justification of the pricing (basis).  Have you discussed w/ the counter party the issue of continued storage costs?

Stuart - once Joe gets this done, we'll forward for your review, send/discuss with Chip to ascertain level of review (hopefully only Cash Committee per Gerald).  Goal is to close this week/ early next week.

Gerald - do you want to start drafting documents and do we want to include a termination provision such that ENA will no longer incur post petition cost on pre-petition retainage?

chris


Attached is a draft of the master energy agreement for HD and the
Confirmation for the CA facilities.  Would like to send out to HD today for
their review.  Redlines reflect our response to issues raised by HD in our
last meeting and their subsequent memo.  Points for consideration to make
sure we are all on same page:

Where we terminate for a Change in Law or utility non performance, we
calculate our Early Termination Payment; if there is a Loss, we get paid; if
there is a Gain, we pay customer
Early Termination Payment on Default is set up to be one way.  Carol, Jeff
and Denise--I want to make sure that there is not some netting, set off ,
bankruptcy, or forward contract reason for us to go with 2 way payments here.
Credit terms included per Denise
Metering: I have included charges for meters; however, I am not clear on
whether we need all of the sublicense documentation.  If someone can shed
some light on this issue, that would be great.  HD has commented on the
sublicense, but I have not yet addressed pending resolution of this issue.

MDS


Everything you ever wanted to know about telluride.
http://www.telluride-ski.com/#


Good Luck - I hoped I helped -


Well, I know this is terribly short notice, but Ken does have a meeting with
Tom DeLay on Monday morning at 9:30 a.m.  (I know that's half a day gone for
Joe if he's in town), but he is coming in to discuss RMIC (Republican
Majority Issues Committee).  Are there specific things that Ken needs to be
briefed on?  I know that Steve did recommend that Ken have this meeting.

Thanks very much.

Rosie


Dear Mr. Krishna -

If it is convenient for you, Dr. Lay is suggesting that you meet on Friday,
January 28 at 3:45 p.m. at the Hotel Meierhof.  Dr. Lay will meet you in the
lobby and you can meet at a table in the restaurant at the hotel.

Please advise if this works with your schedule.

Rosalee

"CM" <cmkrishna@bangaloreit.com> on 01/12/2000 02:01:29 AM
To: Kenneth Lay/Corp/Enron@Enron
cc: ksiidc@vsnl.com
Subject:

Dear Mr.Kenneth L Lay

     An important message for you

To
Dr.Kenneth L Lay
Chairman and Chief Executive Officer
Enron Corp.
USA

 - att1.htm
 - davosmeeting.doc


Please forward originals  to my attention (see my  add in email).  In addition, please remove "Draft" and "For Discussion Purposes Only" from  the agreements. Send two signed originals and I will forward one fully executed contract for your records.  Many thanks for your assistance in this matter.  Please give me a call if you have any questions.

 Debra

 -----Original Message-----
From: 	"Angela Schorr" <schorra@worldnet.att.net>@ENRON [mailto:IMCEANOTES-+22Angela+20Schorr+22+20+3Cschorra+40worldnet+2Eatt+2Enet+3E+40ENRON@ENRON.com]
Sent:	Friday, September 28, 2001 8:10 AM
To:	Perlingiere, Debra
Subject:	RE: GISB

Sorry for the delay in getting back to you.  My attorney agrees with the
GISB.  I have filled in all appropriate information and have signed it.  Who
should I fed ex this to?

-----Original Message-----
From: Perlingiere, Debra [mailto:Debra.Perlingiere@ENRON.com]
Sent: Tuesday, September 04, 2001 2:38 PM
To: schorra@att.net
Subject: GISB

 Further to our conversation, please see the attached sample GISB for
your consideration.  Upon your review, please give me a call to discuss
same.

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

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

 - winmail.dat << File: winmail.dat >>


Ben/Mike,

Did you guys work out anything on the 12th slot?

Thanks,

Kay


I have created deal tickets 241558 and 241560 for July 99 - March 00 based on
the info below.  Due to time constraints, I have not researched pricing and
volumes, I trust that the info supplied to me agrees with the contract.

Robert - We need to get together tomorrow afternoon to set up April.

D

Julie Meyers
04/11/2000 09:28 AM
To: Daren J Farmer/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
cc:
Subject: Re: Equistar Deal Tickets

What is going on about this deal?  Can we get this resolved today?

Robert:  Who requested Valero to be split out?

Thanks!

Julie

---------------------- Forwarded by Julie Meyers/HOU/ECT on 04/11/2000 09:28
AM ---------------------------

Tina Valadez
04/06/2000 01:01 PM
To: Julie Meyers/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
Subject: Re: Equistar Deal Tickets

Are you still available to assist Robert with entering the new deal tickets
for Equistar?  After talking with Bryan Hull and Anita Luong, Kyle and I
decided we only need 1 additional sale ticket and 1 additional buyback ticket
set up.
---------------------- Forwarded by Tina Valadez/HOU/ECT on 04/06/2000 12:56
PM ---------------------------
From: Robert E Lloyd on 04/06/2000 12:40 PM
To: Tina Valadez/HOU/ECT@ECT
cc:
Subject: Re: Equistar Deal Tickets

You'll may want to run this idea by Daren Farmer.  I don't normally add
tickets into Sitara.

Tina Valadez
04/04/2000 10:42 AM
To: Robert E Lloyd/HOU/ECT@ECT
cc: Bryan Hull/HOU/ECT@ECT
Subject: Equistar Deal Tickets

Kyle and I met with Bryan Hull this morning and we decided that we only need
1 new sale ticket and 1 new buyback ticket set up.  The time period for both
tickets should be July 1999 - Forward.

The pricing for the new sale ticket should be like tier 2 of Sitara #156337
below:

The pricing for the new buyback ticket should be like tier 2 of Sitara
#156342 below:

If you have any questions, please let me know.

Thanks,
Tina Valadez
3-7548


I think want you mean is M.A. which is short for MaryAnne.  We have always
called my step-mom by the initials.  In business years ago she was known has
MaryAnne.  Hope this helps!


-----Original Message-----
From: 	Miro Pasic <Miro.Pasic@morganstanley.com>@ENRON [mailto:IMCEANOTES-Miro+20Pasic+20+3CMiro+2EPasic+40morganstanley+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 13, 2001 10:07 AM
To:	Miro Pasic
Subject:	Assesing the Impact on Various Industries

The following is a brief summary of our analyst's views on the impact of the WTC tragedy on different industries/sectors. More detailed reports can be found on our client link website.
Industry / Company Updates
REITs, Life Insurance & Annuities, Oils, Specialty Finance, Asset Management & Brokerage,
Insurance - Property/Casualty. Leisure/Cruise lines, Storage, Electrical Utility, Advertising.
REAL ESTATE INVESTMENT TRUSTS           WTC'S IMPACT ON MANHATTAN OFFICE REITS
- Could see as much as 25 million sqft of downtown office impacted
- Companies with major office exposure in NYC  Brookfield Properties has the most significant downtown office exposure; Boston Properties, Equity Office, SL Green and Vornado have most assets in Midtown.
- Suburban office companies may see increased demand  Reckson and Mack-Cali have the most significant New York metro suburban office exposure; Consequently our rating on CLI is under review.
LIFE INSURANCE & ANNUITIES              ASSESSING THE IMPACT OF THE WTC TRAGEDY
- The tragic events of September 11 will impact several operations  Group and individual life insurance, disability, COLI, and even annuity operations will be impacted by the disaster at the World Trade Center and Pentagon on Tuesday.
- Institutional operations and reinsurance will likely be hardest hit  Life reinsurers and companies with significant group life and group disability operations will likely face significantly higher losses as they pay the claims of the victims.
- Difficult to assess individual company impact so far It is logical to expect that New York domicile companies will have higher exposure.  We also expect fundamentals of companies with large group life, AD&D, and disability to be under
pressure.
- We are waiting on additional information before adjusting estimates  Industry fundamentals will likely come under pressure, and estimates will fall materially for several companies.  However, we believe the industry has substantial excess capital to absorb these losses.
ENERGY: OILS                            CRUDE OIL OUTLOOK UPDATED: BP REMAINS FAVORITE
- Crude Oil Outlook $25-30 For 2H 2001 But...  Supply and demand to be balanced during 2H 2001, with stocks to remain around 75 days forward demand. This is a positive price scenario.
- Recent Global Tensions to Require Reassessment  Demand will likely slow with reduced economic growth. Output disruption in Afghanistan would have a negligible impact on markets.  Iraq and Iran would be significantly more concerning.
- Maintain Market Position With Positive Bias  "Super Major" BP (PT $65/sh.) remains our favorite integrated oil, with ExxonMobil and Royal-Dutch/Shell expected to Outperform as well.
FINANCE: SPECIALTY/MORTGAGE             ISSUES TO CONSIDER IN THE AFTERMATH
- Reassessing fundamentals in aftermath of WTC attack  While we can't opine with confidence on macro-economic trends or investor sentiment, we can reassess the fundamental outlook for our two sectors in the light of greater uncertainty.
- Remain confident in mortgage finance fundamentals  The housing markets benefit from secular drivers that should help withstand potential impact of the WTC attack on consumer confidence or economic growth.
- Patience may still be required in the credit card sector  While we're encouraged by the slowdown in consumer credit growth, we feel it is too early to bet on a turn in the credit cycle.
ASSET MANAGEMENT & BROKERAGE            TAKING STOCK
- Providing Some Perspective on this week's Tragedy  Details are still coming in, but in the near-term we expect reduced capacity and higher volatility in the brokerage sector.  For asset managers, continued weak flows.
- Near-term Tug of War is likely  Key issues are the unsettled global markets, partially offset by the potential for additional
central bank liquidity.  Separately, infrastructure and operational issues will make things "choppy" at best.
- Are globalization, deregulation, and retirement savings still the key?  We think so, but we acknowledge a backlash towards global connectivity could slow capital flows, expansion, and consolidation.
INSURANCE - PROPERTY-CASUALTY           THE AFTERMATH OF TRAGEDY
- Largest loss, by all accounts: The World Trade Center attack will be the largest insured event in history.
- Our current working range of losses is $25-30 billion  This is up to 20% higher than figures being quoted by some others.  We believe such a loss would not pose a bankruptcy threat or rating threat to most major insurers.
- Strong companies will recoup losses through higher rates  Being adequately capitalized, companies with strong claims-paying ratings will be well-positioned to write profitable business at much higher rates in 2002.
- Investors should try not to overreact  When the market opens, we would not sell into panic, and for stocks that you otherwise  want to own, we would add on weakness.

LEISURE/CRUISE LINES                     WHERE IS VALUATION SUPPORTIVE?
- Recent Strength In Cruise Demand Primed To Reverse
Despite recent positive signals surrounding cruise demand, there is no question in our mind
that bookings will slow over the next several months in the wake of current events in NYC and DC.
- Lowering 2002 Demand Growth Assumption To 7% From 9%  As such we're taking down our '02 industry yield assumption to (2%), and our EPS estimates by 8% for Carnival and 15% for Royal Caribbean.
- The Big Question -- How Will The Market React Once Trading Resumes?  To prepare ourselves for all potential outcomes, we conducted a valuation sensitivity analysis showing what levels the stocks should be considered oversold, fairly valued, and over valued.
- We Expect A 20% Hit To Cruise Stock Prices  This would leave the stocks as cheap as they should get on real numbers -- even in recessionary times. With 30% or more, we'd be buyers. With little move, we'd likely be sellers.
ELECTRIC UTILITIES/UNREGULATED POWER     DEFENSIVE PORTS IN A STORM
- Electric power stocks should benefit from 'flight to quality'  We expect regulated and unregulated/integrated groups to perform well relative to the market when trading resumes, as investors rotate into defensive stocks.
- Regulated utilities are classic defensive stocks  Our favorite integrated names that are still heavily regulated monopolies with safe dividends are FPL, TXU and ETR - each trading at 10-11X '02E and yields of 3-5%.
- Integrateds have served as bellweathers in such difficult times  We would also be buyers of highly liquid, solid, well-diversified integrated utilities.  DUK and D are our favorites among such a list.
- Unregulateds inherently defensive & may benefit from greater volatility  Little exposure to consumer confidence as primary end market of electricity sales are highly stable and resistant to economic cycles.  Our favorites are CPN & MIR.
AD HOC: ADVERTISING AND MARKETING SERVICES         THE MOURNING AFTER: ASSESSING
- History of war's impact on ad spending indicates potential lift for '02 . Looking at five wars since 1900, US ad spending showed an incremental lift of 170 basis points, on average, during the first year of war.
- Outdoor and Magazine ad media have outperformed in similar times  These two media increased 7.7% and 6.1%, respectively, during the five major US wars of this century.  Radio, Newspapers and Broadcast TV follow with growth of 4.4%, 2.9% and 2.0%.
- Morgan Stanley economists seem to be assuming 10% market correction  Advertising & Marketing Services consumer-oriented clients are likely to have more valuation downside.  All of our consumer sectors should be considered market weight.
- Companies associated with consumer staples may be safer right now  Catalina and Valassis could be considered slightly safer if their consumer staples advertisers in groceries and pharmacies retrench less than other marketers.
ENTERPRISE SOFTWARE                INDUSTRY ANALYSIS
- Enterprise Software Impact:  For the near term we see incremental risk for the September
quarter since software companies tend to close most of the deals in the last ten days of the
quarter.  Decisionmakers are likely to be pre-occupied with other decisions.  Companies with
particular expsosure the brokerage community such as Tibco and Advent Software (portfolio
management software) would be at the top of the list for incremental risk in the short term.
Longer term, these events underscore the need for backup and recovery software and Veritas
would likely see some benefit over time as well as  Oracle who's database has built in features for replication and hot backup capabilities (in conjunction with Veritas).  Reliability and recovery issues will become more important items on
the checklist as will consulting services.  - Oracle will go forward with its earnings release this evening after the close of the market.  We are expecting 8cents per share in earnings


Attached is the NetWorks term sheet. I understand that a completly new PPM
should be coming out today.
---------------------- Forwarded by Scott Sefton/HOU/ECT on 07/25/2000 11:01
AM ---------------------------

Gareth Bahlmann
07/24/2000 02:14 PM
To: Scott Sefton/HOU/ECT@ECT
cc:
Subject: Term Sheet

---------------------- Forwarded by Gareth Bahlmann/HOU/ECT on 07/24/2000
02:02 PM ---------------------------

"Astin, Ronald T." <RAstin@velaw.com> on 07/24/2000 11:23:18 AM
To: "'Bolner, Mike (Chase)'" <michael.bolner@chase.com>, "'MacEachron, Susan
(Chase)'" <Susan.MacEachron@chase.com>, "Walker, Rick (Chase)"
<richard.walker@chase.com>, "'nancy.marshall@chase.com'"
<nancy.marshall@chase.com>, "Brown, Bill W. (Director-Enron)"
<bill.w.brown@enron.com>, "'Coulter, Jodi'" <Jodi.Coulter@enron.com>,
"Bahlmann, Gareth (Enron)" <gareth.bahlmann@enron.com>, "Osterberg, Edward"
<eosterberg@velaw.com>, "Ho, Wendy" <who@velaw.com>, "Douglas, Stephen
(Enron)" <stephen.h.douglas@enron.com>, "'Michael.K.Patrick@enron.com'"
<Michael.K.Patrick@enron.com>
cc:
Subject: Term Sheet

Attached is a revised version of the Net Works Term Sheet, marked to show
additional Enron changes from Friday's version.  A clean version will follow
shortly.

 <<274897_6.DOC>>

 - 274897_6.DOC
---------------------- Forwarded by Gareth Bahlmann/HOU/ECT on 07/24/2000
02:02 PM ---------------------------

"Astin, Ronald T." <RAstin@velaw.com> on 07/24/2000 11:37:46 AM
To: "'Bolner, Mike (Chase)'" <michael.bolner@chase.com>, "'MacEachron, Susan
(Chase)'" <Susan.MacEachron@chase.com>, "Walker, Rick (Chase)"
<richard.walker@chase.com>, "'nancy.marshall@chase.com'"
<nancy.marshall@chase.com>, "Brown, Bill W. (Director-Enron)"
<bill.w.brown@enron.com>, "'Coulter, Jodi'" <Jodi.Coulter@enron.com>,
"Bahlmann, Gareth (Enron)" <gareth.bahlmann@enron.com>, "Osterberg, Edward"
<eosterberg@velaw.com>, "Ho, Wendy" <who@velaw.com>, "Douglas, Stephen
(Enron)" <stephen.h.douglas@enron.com>, "'Michael.K.Patrick@enron.com'"
<Michael.K.Patrick@enron.com>
cc:
Subject: Term Sheet (corrected)

Please ignore the previous version sent a few minutes ago.  I corrected the
typos in this one.  Clean copy follows.

 <<274897_6.DOC>>

Ronald T. Astin
Vinson & Elkins L.L.P.
1001 Fannin Street, 23rd Floor
Houston, Texas 77002
Ph: (713) 758-3615
Fax: (713) 615-5457
RAstin@velaw.com

 - 274897_6.DOC
---------------------- Forwarded by Gareth Bahlmann/HOU/ECT on 07/24/2000
02:02 PM ---------------------------

"Astin, Ronald T." <RAstin@velaw.com> on 07/24/2000 11:40:01 AM
To: "'Bolner, Mike (Chase)'" <michael.bolner@chase.com>, "'MacEachron, Susan
(Chase)'" <Susan.MacEachron@chase.com>, "Walker, Rick (Chase)"
<richard.walker@chase.com>, "'nancy.marshall@chase.com'"
<nancy.marshall@chase.com>, "Brown, Bill W. (Director-Enron)"
<bill.w.brown@enron.com>, "'Coulter, Jodi'" <Jodi.Coulter@enron.com>,
"Bahlmann, Gareth (Enron)" <gareth.bahlmann@enron.com>, "Osterberg, Edward"
<eosterberg@velaw.com>, "Ho, Wendy" <who@velaw.com>, "Douglas, Stephen
(Enron)" <stephen.h.douglas@enron.com>, "'Michael.K.Patrick@enron.com'"
<Michael.K.Patrick@enron.com>
cc:
Subject: Term Sheet (Clean)

Here is the clean copy of the term sheet with today's Enron revisions.

 <<274897_7.DOC>>

 - 274897_7.DOC


Good Morning Adrian,

Thank you for taking the time to review my resume.

-Joe Stepenovitch

 -----Original Message-----
From: 	"Adrian Clark" <AClark@firstcallassociates.com>@ENRON
Sent:	Thursday, December 06, 2001 11:47 AM
To:	Stepenovitch, Joe
Subject:	First Call Contact Information

Joe,

I am the executive recruiter you spoke with today about your trading
background.  Thanks very much for your time.  As discussed, I've attached my
contact information for your records.  Please  send your resume to me so I
can review and talk about potential opportunities.

You can find more information about my firm at www.firstcallassociates.com.
We are very familiar with the nuances of the energy trading business and
have built relationships with many energy companies in North America
enabling us to present qualified employees for their consideration.

Adrian Clark
Director
First Call Associates, Inc.
8 Andrew Dr.
Canton, CT  06019
(860)693-4122
(860)693-4118 (fax)

Content-Transfer-Encoding: 7bit
From: "Adrian Clark" <AClark@firstcallassociates.com>
To: <AClark@firstcallassociates.com>
Subject: Adrian Clark
Date: Mon, 15 Oct 2001 10:15:28 -0500
MIME-Version: 1.0
Content-Type: text/plain;	charset="iso-8859-1"
X-Priority: 3 (Normal)
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook CWS, Build 9.0.2416 (9.0.2910.0)
Importance: Normal
X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2600.0000

Executive recruiter in the energy and telecommunications industries.


Chris:

With the $1.5 million to ship MHI turbines 1 and 2, the summary of the numbers is the following:

Therefore, we would be about $300,000 over the original DASH.  These numbers do not include transaction and financing costs.  I will do a DASH amendment and am copying Louise on this email so that she is aware of what is going on.  The storeage would be in a bonded warehouse, so no duties would be due at this time.  On leads, we have a couple of new parties, but nothing concrete yet.  Ron has been working with one counterparty and may receive an offer in the near term.

Brett

From:	Christopher F Calger/ENRON@enronXgate on 10/01/2001 04:41 PM CDT
To:	Brett R Wiggs/SA/Enron@Enron
cc:	Ben Jacoby/ENRON@enronXgate
Subject:	RE: MHI 501f storage team

Sounds good.  Couple of questions:
- are there duties/taxes due upon arrival?
- Were shipping / storage costs included in original DASH?
- Is the amount approx $1.5MM?
- Any leads on the MHI's?
Chris Calger
503-464-3735

 -----Original Message-----
From: 	Wiggs, Brett
Sent:	Monday, October 01, 2001 1:38 PM
To:	Christopher F Calger@ECT; Ben F Jacoby@ECT
Subject:	FW: MHI 501f storage team

The proposed plan on the MHI units is to ship Units 1 and 2 to the US for storeage at a central location.  The storeage costs are significantly less than proposed by MHI and the ability to centralize all of the shipments will be beneficial for a potential sale.  From an economic perspective, it would be better if we had a sale in the short term and could ship directly.  However, given a lack of any firm sale, the recommendation is to ship them to the US and store.  Let me know if you are in agreement with going forward with the shipment.

Thanks,
Brett
---------------------- Forwarded by Brett R Wiggs/SA/Enron on 10/01/2001 05:41 PM ---------------------------
From:	Ron Tapscott/ENRON@enronXgate on 10/01/2001 03:23 PM CDT
To:	Brett R Wiggs/SA/Enron@Enron
cc:	David Marshall/ENRON@enronXgate, Phillip Foster/ENRON@enronXgate, Mike Coleman/ENRON@enronXgate
Subject:	FW: MHI 501f storage team

Brett,

we will need your approval over the next couple of days to complete arangements for the shipment of units 1 & 2 to Texas.  The estimates for the activity are in the attached e-mail.  How do you want to go about this.  I have Phillip Foster waiting for the go ahead on shipping and David Marshall who will need approval to secure the insurer.  Let's discuss first thing tomorrow morning.  Thanks, Ron.

 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Monday, September 24, 2001 3:33 PM
To:	Bills, Lisa; Coleman, Mike; Barto, Brian; Foster, Phillip; Mayeaux, James; Marshall, David; Sutherland, Jim; Fox, Bill; Leigh, Lorie; 'markthurber@akllp.com'
Cc:	Jacoby, Ben; Wiggs, Brett; Virgo, Robert
Subject:	RE: MHI 501f storage team

I have summarized the costs associated with shipping and storage of MHI Units 1&2 in the attached file.   << File: Ship_Storage Prop 092401.xls >>

Other discussion worth noting --

?	Title will remain with original counterparty -- EBPH
?	We prefer that title and risk of loss pass at Port of Import; however; not a requirement if MHI decides to extract a large premium
?	Will require specific storage instructions from MHI (will make a request on tomorrow's call)
?	packing requirements to maintain warranty
?	other requirements (space heaters, etc.)
?	Inspection instructions
?	Plan to submit a request to MHI that the Unit(s) be readied for shipment (est. Sept. 30 with written notice)
?	Carrier able to be at Port of Export by Oct. 22-31
?	Estimate 32 days from Port of Export to Port of Import

Please review and forward comments by tomorrow morning.  I will formalize for a discussion with Dave Duran and Ben Jacoby prior to the MHI phone call,

Thanks, Ron.

 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Friday, September 21, 2001 11:17 AM
To:	Bills, Lisa; Coleman, Mike; Barto, Brian; Foster, Phillip; Mayeaux, James; Marshall, David; Sutherland, Jim; Fox, Bill; Leigh, Lorie
Cc:	Jacoby, Ben; Wiggs, Brett; Virgo, Robert
Subject:	RE: MHI 501f storage team

I would like to have a followup meeting on Monday, September 24 from 10a-11a on the storage of units 1&2.  Lorie -- please set up a conference room and forward to those copied on this e-mail.

Phil -- I would appreciate if you would take the lead on developing a shipping and storage plan.  The plan should have a timeline w/ a discussion on the appropriate activity.  I would suggest that the first milestone will be our formal notification to MHI informing them to ready the units for shipping will occur on the Tuesday night call.  I would hope we would have packing instructions to them at that time or soon thereafter.  Do we have a preference on the packing or was the plan given to us by MHI appropriate?

As far as the cost estimates in the attachment below  --

?	David Marshall sent me a correction for the charge used for the storage insurance.  It was corrected from .0002 to .000275
?	could someone please address the last two open items -- timeframe covered with the $25k estimate for  DSU
?	estimated Custom Charges

Thanks, Ron
 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Wednesday, September 19, 2001 6:49 AM
To:	Bills, Lisa; Coleman, Mike; Barto, Brian; Foster, Phillip; Mayeaux, James; Marshall, David; Sutherland, Jim; Fox, Bill
Cc:	Jacoby, Ben; Wiggs, Brett; Virgo, Robert
Subject:	RE: MHI 501f storage team

Thank you for your input on the storage of the MHI Units 1 & 2.  The following is a summary of charges associated with shipping and storage (discussed this past Monday):

?	Cost for Shipping components located in Kobe, Japan ($500-600k for both units)
?	Cost for Shipping components located outside of Kobe ($200k for both units)
?	Handling from ship to storage (approx. $200k for both units)
?	Storage  ($13k per month for each unit)
?	Cargo Insurance (0.002 charge for the value of shipment, est. $40MM per unit, approx. $80k per unit)
?	Storage Insurance (0.0002 charge for the value of storage, est. $40MM per unit, approx. $8k per unit per [mos., 6 months, year?????])
?	DSU Insurance ($25k per unit per [mos., 6 months, year?????])
?	Custom charges (approx $__ k per unit per _______ (period))

We would propose to MHI that we would set up an entity who would provide the above services on behalf of MHI and the above actual charges would be passed through to E-Next (along with a fee that would be provided for MHI's account, approx -- $200k).  The title and risk of loss would be passed at the Port of Import.  The likely location for the stored units would be in or around Houston or Freeport, TX at a Bonded Facility.  We will continue to modify the proposal to address the needs of E-Next and future project structures.

I would appreciate confirmation from those who have provided the above estimates (and, response on the questions noted above).  In addition, please forward any other items that were overlooked.

Last, MHI has not provided a counter proposal for the storage of the units in Japan, but the above proposal is certainly more attractive.

Thanks, Ron.

 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Monday, September 17, 2001 7:33 AM
To:	Morris, Sandy
Cc:	Bills, Lisa; Coleman, Mike; Barto, Brian; Foster, Phillip; Mayeaux, James; Marshall, David; Sutherland, Jim; Fox, Bill
Subject:	RE: MHI 501f storage team

Sandy,

I would appreciate if you could reserve a conference room for today from 2-3p.  The meeting will be a followup to our MHI unit storage meeting from Friday.  Please copy everyone on this e-mail once you establish a place.

In addition, I have MHI coming in tomorrow.  I would like to reserve a conference room from 9a-4p.  There will be anywhere from 7-9 people in this meeting.  The meeting tomorrow will have a slightly different group of people in attendance.  Just forward me the place and I will see that it is forwarded to those participating.

I appreciate your help.

Thanks, Ron.

 -----Original Message-----
From: 	Leigh, Lorie
Sent:	Friday, September 14, 2001 10:15 AM
To:	Tapscott, Ron; Bills, Lisa; Coleman, Mike; Barto, Brian; Foster, Phillip; Mayeaux, James; Marshall, David; Sutherland, Jim
Cc:	Zarsky, Lisa
Subject:	RE: MHI 501f storage team

Conference room EB 0791  has been reserved from 1:30 - 2:30 for this meeting.

Lorie Leigh
Senior Admin. Asst.
Enron East Power Generation Development
Office: 713-853-1696

 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Friday, September 14, 2001 6:35 AM
To:	Bills, Lisa; Coleman, Mike; Barto, Brian; Foster, Phillip; Mayeaux, James; Marshall, David
Cc:	Leigh, Lorie; Zarsky, Lisa
Subject:	MHI 501f storage team

I would like to have a meeting today regarding the storage of MHI 501F Units 1 & 2.  We have received a proposal from MHI for these units to be stored in Japan which is attached.  I believe we have better options if MHI persists in their views on how the unit will be stored and Enron is charged for these services.  I would like for you to review and offer comments and suggestions.  I have also attached the letter I sent to them outlining our requirements.

Does anytime from 1-3p work for everyone.

Copy Lorie Leigh/Lisa Zarsky on your availability and they will coordinate a meeting for this afternoon.

Thanks, Ron.

 << File: Storage for RioGen Units 1 and 2.pdf >>  << File: mitsubishi_ltr_082201.pdf >>


On separate sheets.

 -----Original Message-----
From: 	Pruett, Steve
Sent:	Tuesday, April 17, 2001 2:02 PM
To:	Lavorato, John
Subject:	ECR B/S & Fair Market Values

John:

Do you want both 12/31/2000 Carrying Value and 3/31/2000 estimated Carrying Value on the ECR Portfolio?

Steven H. Pruett
Vice President
Energy Capital Resources
Enron North America
Phone: 713-345-7109
Fax:  713-646-3640


Good Morning,

Attached, please find the latest issue of our Independent Power Weekly.

 <<IPW061101.pdf>>

Summary:
1. IPPs Fall 6.9%   Last week we saw continued lackluster performance from
the Independent Power Producers.  Our composite fell 6.9%, underperforming
both the NASDAQ (+3.1%) and the S&P 500 (+0.3).  Mirant, which was down
1.6%, was the strongest performer in the group.  Shaw Group was the weakest
performer, declining by 12.0%.

2. Politics and Price Caps Dominate Investor Attention  In our view, last
week's continued poor stock price performance reflected 2 major issues: 1.
Lingering political uncertainties with increased media attention; and, 2.
Soft spot power market conditions across much of the US.

3. Power Markets Recover on Friday   Importantly, on Friday (6/8), most
regions across the US experienced a significant upturn in power pricing with
forecasts calling for hotter weather.  Trades for Monday delivery, which
took place on Friday, saw price increases of 10-25% on average in the
Eastern and Central regions.  In the Western region, prices spiked up
40-50%.  Should these price increases prove to be sustainable, we would
expect to see a meaningful improvement in investor sentiment.

4. EIX Bankruptcy?  Implications for the IPPs   Recently there has been
increasing speculation that a Chapter 11 bankruptcy filing by Southern
California Edison, the utility subsidiary of Edison International, could be
imminent.  We thought it would be timely to analyze the implications of an
SCE bankruptcy for the IPPs.  Our overall conclusion is that an SCE
bankruptcy would be neutral for the sector.  Such an event would have no
impact on the earnings estimates or forecasted growth rates for any of the
companies under our coverage.  In addition, none of the companies have any
direct receivables exposure to SCE.  Finally, we believe reserves taken
against accounts receivable balances from the CalISO and PX across the
sector adequately mitigate exposure to potential bad debt writedowns.

5. Looking Ahead: ORN Analyst Meeting   On Tuesday (6/12), Orion Power will
host its first major analyst meeting since its November 2000 IPO.  Beyond
giving a detailed review of the business, we expect management to discuss
the prospect of future acquisitions.  Recently, management has indicated
that it is evaluating a number of potential transactions located primarily
in the Southeast.  We also expect the company to provide a detailed
regulatory update on its key markets-PJM and NY.  Finally, we expect
management to reaffirm prior guidance for 2001 of $1.15 per share.  While we
believe ORN's exposure to the New York City market offers meaningful upside
potential, we believe the company will continue with its conservative stance
for the year.  Our 2001 and 2002 EPS estimates for ORN remain $1.20 and
1.60.  Our target price is $38.

Regards,

Neil Stein   212/325-4217
Bryan Sifert   212/325-3906

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.

 - IPW061101.pdf


Sounds great.  I've heard back from Pat that she is planning to make it, and
I've just sent a follow-up to Kathy.  Looking forward to seeing you!

Cheryl
-----Original Message-----
From: Lynn.Blair@enron.com [mailto:Lynn.Blair@enron.com]
Sent: Monday, September 17, 2001 4:16 PM
To: Snyder, Cheryl
Subject: RE: Pipeline Interconnect Forum Information

     Sheryl, right now I am planning on coming in Friday night, late since
I could not
     get there Saturday morning.  So hope all works out.  If not I am sure
I can find
     something to do on Saturday.  Thanks. Lynn

    -----Original Message-----
   From:   "Snyder, Cheryl" <CxM2@pge.com>@ENRON

[mailto:IMCEANOTES-+22Snyder+2C+20Cheryl+22+20+3CCxM2+40pge+2Ecom+3E+40ENRON
@ENRON.com]

   Sent:   Wednesday, September 12, 2001 4:12 PM
   To:     'Lynn.blair@enron.com'; 'pdavidson@socalgas.com';
             'Kathleen.Royal@elpaso.com'
   Subject:  FW: Pipeline Interconnect Forum Information

   Hi Ladies!

   I think I have now mentioned to all of you that it would be great to get
   together on the Saturday prior to our meeting.  My current thought is to
   have the three of you travel together on the ferry from SF to Marin.  I
   would pick you up and we could visit the wine country for lunch.  Sound
   like
   a plan?

   I'll provide more details later, but here is some important information:
   The ferry leaves from SF at 10:45 a.m. (there are other times, but we
   wouldn't make lunch).

   So, what do you think?  Doable?

   Cheryl Snyder
   Business Systems Management
   California Gas Transmission
   Pacific Gas & Electric Company
   415.973.4455
   >  -----Original Message-----
   > From:      Hudson, Todd
   > Sent:      Wednesday, September 05, 2001 10:52 AM
   > To:   'Maureen.riter@elpaso.com'; 'william.griffith@elpaso.com';
   > 'adele.zuroff@elpaso.com'; 'kvanpelt@cmsenergy.com';
   > 'ernesto.ochoa@elpaso.com'; 'Kathleen.Royal@elpaso.com';
   > 'Lynn.blair@enron.com'; 'Sheila.Nacey@enron.com';
   > 'randy.young@gulfsouthpl.com'; 'michael.d.rasmuson@williams.com';
   > 'janie.k.nielsen@williams.com'; 'jarregu@mail.pnm.com';
   > 'pdavidson@socalgas.com'; 'RIshikawa@socalgas.com';
   > 'mark.gracey@elpaso.com'; 'tom_gwilliam@iroquois.com';
   > 'jay.story@neg.pge.com'; 'Iris_g._king@dom.com';
   > 'Michelle_M_Willis@reliantenergy.com'; 'tjwilliams@reliantenergy.com';
   > 'csuarez@reliantenergy.com'; 'jhickman@nisource.com';
   > 'jtyoung@nisource.com'; 'JStilwell@sppc.com';
   'gsuga@tuscaroragas.com';
   > 'scotth@questar.com'; 'klburch@duke-energy.com';
   > 'mlmccain@duke-energy.com'; 'ken_schubert@transcanada.com';
   > 'dale.m.davis@williams.com'
   > Cc:   Snyder, Cheryl; Johnson, Kirk
   > Subject:   Pipeline Interconnect Forum Information
   >
   > Pipeline Interconnect Forum Participants:
   >
   > PG&E's California Gas Transmission has reserved a block of 30 rooms at
   the
   > Sheraton at Fisherman's Wharf for the October Pipeline Interconnect
   Forum.
   > The group rate is good for the night of Sunday, October 21, 2001.
   >
   > To make a reservation, call 888-627-7024. Identify yourself as a
   member of
   > the Pipeline Interconnects Meeting for Sunday, October 21, 2001.
   Please
   > make your reservation before October 1, 2001.  After this date, the
   group
   > rate may not be available.
   >
   > Hotel Information:
   > Sheraton at Fisherman's Wharf
   > 2500 Mason St.
   > San Francisco, CA 94133
   > Phone: 888-627-7024
   > Group name: Pipeline Interconnects Meeting
   > Date: Sunday, October 21, 2001
   > Check in time: 3:00 PM
   > Check out time: 12:00 PM
   > Single/Double Occupancy: $199.00
   > Additional Person: $20.00
   > Reservation cut off date: October 1, 2001
   >
   > The price of the room includes a continental breakfast and
   transportation
   > service to PG&E.
   >
   > Meeting Information:
   > PG&E
   > 245 Market Street
   > Conference Rooms A/B
   > San Francisco, CA
   > Date: Monday, October 22, 2001
   > Start time: 8:30 AM
   > End time: 4:00 PM
   >
   > We are looking for participants who want to perform demonstrations of
   > innovative services offered by their pipeline. Don't be shy - this is
   our
   > opportunity to learn from each other! We are also still soliciting
   > suggestions for the agenda. Here are a few ideas:
   >
   > *     GISB 1.5 - Will the new standards affect your nomination
   schedules
   > and processing times?
   > *     Hourly Scheduling - Is anyone planning to implement this and
   would
   > like to perform a demo?
   > *     Balancing solutions for problems caused by timing issues in the
   > Intraday 2 cycle.
   > *     637 Segmentation - How is everybody addressing this?
   > *     GISB Capacity Release Standard 5.3.2 - possible scheduling
   issue.
   > *     Demonstrations of new services being offered by pipelines.
   > *     Cross Contract Ranking update.
   > *     Nominations & Contracting Systems best practices/benchmarking.
   > *     What is our purpose?
   >
   > Comments regarding these recommended agenda items are welcome.
   >
   > For those of you that confirmed for the Sunday welcome event, we will
   be
   > sending out more details in the future.
   >
   > Todd Hudson
   > PG&E
   > California Gas Transmission
   > 415.973.1386
   >
   > Attachments:
   > Map from SFO airport to hotel
   >  <<...OLE_Obj...>>
   > Map from SFO to PG&E
   >  <<...OLE_Obj...>>
   > Map from Oakland airport to hotel
   >  <<...OLE_Obj...>>
   > Map from Oakland airport to PG&E
   >  <<...OLE_Obj...>>
   >

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


Mark(s) -

Please review the attached calculation which Clipper proposes for
Availability.  I will compare it with the contractual availability which have
recently proposed, but would prefer your input.

Thanks,
Ilan

---------------------- Forwarded by Ilan Caplan/EWC/Enron on 04/17/2002 09:26
AM ---------------------------

Mark Eilers
04/17/2002 09:02 AM
To: Ilan Caplan/EWC/Enron@Enron
cc:

Subject: Availability

Ilan

Can you please give this a quick read to see if this my work.  This is a take
on our standard availability that Clipper is proposing.  Let me know your
thoughts.

Mark


TODAY'S HEADLINES
The New York Times on the Web
Sunday, September 30, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

QUOTE OF THE DAY
=========================
"We are not going to have a bomb fly out of the sky and land
on somebody so that we can say, `Look, there's a bomb, and
we are all dying of anthrax.' It is most likely going to be
a   covert release, and people will get sick and go to
their hospitals, and the public health system will have to
pick up on this."
-ASHA M. GEORGE, who studies biological warfare for the Nunn-Turner
Initiative, a nonprofit foundation in Washington.

http://www.nytimes.com/2001/09/30/health/policy/30BIO.html?todaysheadlines

NATIONAL
=========================
Some See U.S. as Vulnerable in Germ Attack

Health experts say new vaccines must be developed, but the
bigger problem is fortifying a fragile public health
system, the first line of defense against biological
threats.
http://www.nytimes.com/2001/09/30/health/policy/30BIO.html?todaysheadlines

-----

U.S. Pursued Secret Efforts to Catch or Kill bin Laden

The Central Intelligence Agency began an attempt about three
years ago to persuade the leader of the anti-Taliban Afghan
opposition to capture and perhaps kill Osama bin Laden.
http://www.nytimes.com/2001/09/30/international/30INTE.html?todaysheadlines

-----

Many Once-Thriving Cities Are Suddenly Hurting

Sept. 11, most people agree, changed everything  including,
it now appears, the economic map of   the United States.
http://www.nytimes.com/2001/09/30/business/yourmoney/30POCK.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

/--------------------- ADVERTISEMENT ---------------------\
Donate now to The New York Times 9/11 Neediest Fund

The New York Times Company has begun a special campaign to
raise money for the victims of the attack on the World Trade
enter, The New York Times 9/11 Neediest Fund. Money raised by
the campaign will go to the seven New York charities supported
each year by the Neediest Cases Fund to help those injured in
the attack or the families of those who died.  The campaign
will also support three foundations that aid New York City
firefighters, police officers and sanitation workers.

http://ads.nytimes.com/RealMedia/ads/click_lx.ads/email.nytimes.com/todaysheadlines/text/11237/Position3/th-charityb/911.html?_RM_REDIR_=http://www.charitywave.com
\---------------------------------------------------------/

INTERNATIONAL
=========================
U.S. Pursued Secret Efforts to Catch or Kill bin Laden

The Central Intelligence Agency began an attempt about three
years ago to persuade the leader of the anti-Taliban Afghan
opposition to capture and perhaps kill Osama bin Laden.
http://www.nytimes.com/2001/09/30/international/30INTE.html?todaysheadlines

-----

Hatred of U.S. Burns in Pakistan's Biggest City

In Karachi, a city of 12 million people, there are cries and
signs for Osama bin Laden, for the Taliban and for holy
war.
http://www.nytimes.com/2001/09/30/international/asia/30KARA.html?todaysheadlines

-----

Fear and Misery for Afghan Refugees

After arduous journeys from Afghanistan, refugees are
describing scenes of desperation at home as American-led
military attacks seem imminent.
http://www.nytimes.com/2001/09/30/international/asia/30REFU.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Sales Drop and Spending Crawls as Uncertainty Grips Economy

In the wake of the Sept. 11 terrorist attacks, sales are
falling in nearly every sector of the economy, as gloom
spreads beyond the airline and travel industries.
http://www.nytimes.com/2001/09/30/business/yourmoney/30ECON.html?todaysheadlines

-----

Many Once-Thriving Cities Are Suddenly Hurting

Sept. 11, most people agree, changed everything  including,
it now appears, the economic map of   the United States.
http://www.nytimes.com/2001/09/30/business/yourmoney/30POCK.html?todaysheadlines

-----

After the Fall, a Tech Star Stays Scrappy

Sun's experience in the last few weeks, and the challenges
it is now facing, are shared by much of corporate America.
http://www.nytimes.com/2001/09/30/technology/30SUNN.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
After the Fall, a Tech Star Stays Scrappy

Sun's experience in the last few weeks, and the challenges
it is now facing, are shared by much of corporate America.
http://www.nytimes.com/2001/09/30/technology/30SUNN.html?todaysheadlines

-----

Old and New Ways to Write a Will

There is much more talk about mortality these days, yet many
people have never bothered to make arrangements to
distribute their assets after they are gone.
http://www.nytimes.com/2001/09/30/technology/30WILL.html?todaysheadlines

-----

Judge Orders Talks to Settle Microsoft Case

A federal judge ordered Microsoft and the government into a
new round of intensive negotiations to settle the
long-running antitrust case.
http://www.nytimes.com/2001/09/29/technology/29SOFT.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Bush 'Is My Commander,' Gore Declares in Call for Unity

Resurfacing before a partisan crowd, former Vice President
Al Gore implored Democrats and Republicans alike to offer
President Bush their unwavering support.
http://www.nytimes.com/2001/09/30/national/30GORE.html?todaysheadlines

-----

New Kind of Politics Reflects New Mood

The sense of crisis brought on by terrorist attacks has led
candidates around the country to rethink their strategies
or reconsider whether to run at all.
http://www.nytimes.com/2001/09/30/politics/30CAMP.html?todaysheadlines

-----

Democrats' Bills May Be Casualties of Terror Attacks

The Senate majority leader says he is   confident now of
passing only two measures  and one is in trouble.
http://www.nytimes.com/2001/09/30/national/30CONG.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Braves Rerun Late-Inning Script With a 7-Run Ending

The Atlanta Braves scored seven runs with two outs in the
bottom of the ninth to beat the Mets, effectively ending
New York's season and chances in the pennant race.
http://www.nytimes.com/2001/09/30/sports/baseball/30METS.html?todaysheadlines

-----

Bonds Draws Within One of Homer Record

Barry Bonds uncoiled his swing for a 437-foot blast that
splashed into McCovey Cove and pulled him within one home
run of Mark McGwire's record of 70 in a single season.
http://www.nytimes.com/2001/09/30/sports/baseball/30BARR.html?todaysheadlines

-----

Hernandez Injured in Yanks' Loss

Orlando Hernandez left the game in the second inning
with an elbow injury as the Orioles easily topped the
injury-prone Yankees.
http://www.nytimes.com/2001/09/30/sports/baseball/30YANK.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Filling the Void: A Chance to Soar

"The Rebuilding of New York," this   now ubiquitous phrase,
does not mean that an entire city needs to be rebuilt,
but rather a set of civic attitudes.
http://www.nytimes.com/2001/09/30/arts/design/30MUSC.html?todaysheadlines

-----

Australia's Arts Unfettered

The extraordinary Next  Wave Down Under survey of Australian
performance  is unfurling across the month of October at
the  Brooklyn Academy of Music.
http://www.nytimes.com/2001/09/30/arts/30SELL.html?todaysheadlines

-----

Waiting for Our John Lennon

In various guises, John  Lennon's  "Imagine" quickly  became
the soundtrack of hope in the wake of Sept.  11.
http://www.nytimes.com/2001/09/30/arts/music/30STRA.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Green Criticizes Ferrer's Reaction to World Trade Center
Crisis

Mark Green belittled Fernando Ferrer's response to the
destruction of the World Trade Center, saying Mr. Ferrer,
the Bronx borough president, had been "largely silent" in
explaining how he would rebuild New York.
http://www.nytimes.com/2001/09/30/nyregion/metrocampaigns/30MAYO.html?todaysheadlines

-----

Terror Attacks Could Change Paths of Faith

Amid a surge of religious feeling among Americans, clerics
see an opportunity to draw in people seeking answers to the
incomprehensible.
http://www.nytimes.com/2001/09/30/nyregion/thecity/30RELI.html?todaysheadlines

-----

Rites for Victims Resonate Across Metropolitan Area

It was a time to cry on Saturday. Not the tears for the
World Trade Center crumbling before our eyes, but the
seemingly unbearable tears of losing someone who was loved.
http://www.nytimes.com/2001/09/30/nyregion/thecity/30FUNE.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
We Love the Liberties They Hate
By MAUREEN DOWD
We should dread a climate where the jobs   of columnists and
comedians are endangered by dissent.
http://www.nytimes.com/2001/09/30/opinion/30DOWD.html?todaysheadlines

-----

The Hitchhiker Syndrome
By PAUL KRUGMAN
To its credit, the Bush administration has for the most part
been able to restrain the people who want to misuse the
patriotic bandwagon. But will that restraint last?
http://www.nytimes.com/2001/09/30/opinion/30KRUG.html?todaysheadlines

-----

A Post-Disaster Economy in Need of Repair
By ROBERT E. RUBIN
The likelihood now that  economic difficulty will last for a
considerable period is increased, but overreaction is a
mistake.
http://www.nytimes.com/2001/09/30/opinion/30RUBI.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

HOW TO CHANGE YOUR SUBSCRIPTION
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Rick,

It was good running into you last week.  I am currently looking for new
opportunities.  In the last 18 months, I have been working on eCommerce,
specifically B2B exchanges and enterprise portals.  I understand that
Enron has several initiatives in this area.  I was hoping you could give
me some direction.  Attached is my resume.

 <<BV Resume.doc>>

Hope all is well,

Li Doyle
(713) 860-1573


Did we ever talk about this?  The traders (Bob Crane in particular) are
giving Dale a hard time - they want to start trading this way immediately.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 03/15/2000 10:47
AM ---------------------------

Dale Neuner on 03/14/2000 04:22:14 PM
To: Mark Taylor/HOU/ECT@ECT
cc: Bob Crane/HOU/ECT@ECT
Subject: Reference to 'US' in Pulp Financial transactions

When we met least Wednesday on this subject you mentioned that you wanted to
consult Tax and Legal abroad to determine our course of action; you then left
a voice mail message with your tax contact.

Any updates?

Dale
3-9746


At Tom Moore's request, I've removed the debt value from the column labeled
"UCC Damages" in the attached, reflecting the fact the its the owners'
responsibility to settle its debt obligations after receiving the damages
award.

RH

---------------------- Forwarded by Garrick Hill/HOU/ECT on 11/09/2000 07:40
PM ---------------------------

	Enron North America Corp.

	From:  Garrick Hill                           11/09/2000 07:18 PM

To: Dan Lyons/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, tmoore@llgm.com,
kstern@velaw.com
cc: Carl Tricoli/Corp/Enron@Enron, Douglas Clifford/Corp/Enron@ENRON
Subject: Damages Analysis

Please see the attached per our discussion this afternoon.

I can be reached at 713-853-6027 or 713-416-8814 if you have any questions.

Rick Hill
Generation Investments Group

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.


If it says Austin, it must be yours....

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/13/2000 08:52
AM ---------------------------
From: Kathleen Clark@ENRON_DEVELOPMENT on 11/13/2000 08:04 AM
To: Mike.coleman@enron.com
cc: Eric Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roger.tietz@enron.com,
Kay Mann/Corp/Enron@ENRON

Subject: Authorization for Haul & Install Option at Austin Project

Mike:

Attached is a draft letter which provides authorization to ABB for the haul &
install option at Austin.

After it has been signed, please send me a copy for my files.

Thank you.
Kathy


Excellent question.  Currently I am working with Research to determine correct VAR methodology for ancillaries and as such we do not measure risk on these curves.  Even though this is the case we still require curves to be posted and maintained.
Thanks
Frank

 -----Original Message-----
From: 	Considine, Keith
Sent:	Tuesday, October 23, 2001 3:59 PM
To:	Hayden, Frank
Cc:	Trevino, Susan; White, Stacey W.; Postlethwaite, John
Subject:	Ancillary Curves

Frank,

The voicemail I left was regarding ancillary curves requested by John.  Burton may have emailed you on the request earlier.  I'm following up b/c he's out.

Question - Do we have a rule regarding whether or not we calculated VaR and capture positions for ancillary business?  Based on discussions with Casey Evans we don't report ancillary activity for her regions (var or positions).  In order to keep consistency across the business, it seems that we would either report all ancillary or none.

Please advise.

Regards

KC


here is one more agreement.  If you could please review the comments they
have made, and if OK obtain a signature within Enron, and then fax to them
for their return signature.

thanks
Dave

---------------------- Forwarded by Dave Samuels/HOU/ECT on 04/18/2000 10:29
AM ---------------------------

pogram@fieldston.com on 04/18/2000 10:04:49 AM
To: dave.samuels@enron.com
cc: SOConnor@fieldston.com
Subject: Confidentiality Agreement

Dave:

The approved confidentiality agreement is attached below.  As you can see,
there
are just a couple of small change.

Steven and I will call you at three to talk a little more about commercial
arrangements.  If there's any headcounts you can send over before then (i.e.,
the number of people trading on and visiting the site, plus those with
read-only
access), that would be helpful.

Regards,
Peter Ogram
Manager, Fieldston Publications

(See attached file: conf._agree..doc)

 - conf._agree..doc


Books
Shell
Shhrl.s
tshlrts
Carharl.s
camera
Film
Phone-charger
lpaq-charger


Okay, now that I have re-read this and understand what Pat is suggesting, the answer is no we (benefits) can't speak to past practices since we were never part of the past practice.  What I need you to do is assist to make sure that the new practice planned that is being applied by Irma Alvarez's group is consistent with the plan document.  As you and I have discussed, we need to take this in the form of an administrative guideline to the admin. committee for them to bless as well.

The various heads of HR and the legal group who worked with each HR person on severance will have to speak to past practice.

As it relates to service, I would like you and Pat to have a discussion about the break in service rules and the interpretation of the word severance in the plan.  If Pat can't help, try Carol Jewett.   Benefits (and its ERISA attorney) need to provide the interpretation of the plan document for those that administer the plan.  We need to do everything possible to help everyone with the development of a tool that accurately calculates the plan benefits per the plan document.  If the document is lacking then we need to fix it (ASAP).  I am not a believer in vague language that is subject to multiple interpretations.

Thank
Cb

 -----Original Message-----
From: 	Barrow, Cynthia
Sent:	Wednesday, November 14, 2001 3:31 PM
To:	Rahaim, Christian
Cc:	Cash, Michelle
Subject:	FW: FW: Severance

Can you help with this.

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Wednesday, November 14, 2001 12:04 PM
To:	Barrow, Cynthia
Subject:	FW: FW: Severance

Can you provide some insight?  Thanks.  Michelle

 -----Original Message-----
From: 	FMackin@aol.com@ENRON
Sent:	Wednesday, November 14, 2001 10:39 AM
To:	Cash, Michelle
Subject:	Re: FW: Severance

In a message dated 11/13/01 11:10:20 PM Pacific Standard Time, Michelle.Cash@ENRON.com writes:
           Can we use credited service date for sev calc?  I have a
person who was hired in 1997, left in 1999 and was rehired
           in April 2001.  The system is using a 1998 service date
for severance.  I calculated in on the 2001 re hire date.
Michelle, since the Plan is not administered centrally, it can be a challenge to learn what past practices were, especially if they differed from different work groups.  I've have always recommended centralized administration because an ERISA plan is required to be administered uniformly and consistently in similar circumstances.
One place to check about past practices is Cynthia Barrow's group.  You may not know what all past practices were until the conclusion of discovery related to litigation.
I don't know what past practices were, but I would start with Cynthia's group which I view as the source and reference point as to what the recommended practices should be.
Pat


(See attached file: Industrial Production.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - Industrial Production.pdf


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


I will touch base with Richard Melton and Rob Wilson to see if GA can be of assistance on this matter.  I will update you on the results.

MR

 -----Original Message-----
From: 	Shapiro, Richard
Sent:	Wednesday, October 17, 2001 5:09 PM
To:	Robinson, Marchris; Steffes, James D.; Montovano, Steve
Subject:	FW: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Do we have any interest in addressing this within Government Affairs?

 -----Original Message-----
From: 	Melton, Richard
Sent:	Wednesday, October 17, 2001 5:07 PM
To:	Shapiro, Richard
Cc:	Raker, Colleen; Soldano, Louis
Subject:	FW: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Dear Rick:

As a follow-up to my voicemail message today just before 5PM, I am sending this email with additional details, including a track of earlier descriptive communications.

Please advise regarding the specific request for legal assistance addressing the Florida Sunshine laws.  Please let me know if you would address the request, or if we should proceed with local Florida counsel.

As additional background, Mike Nelson, VP under Phil Lowry,  is heading an initiative for security of the ETS related pipelines.  Enron Corp. security personnel are also participating as a service to ETS.

Selected communications on this matter will be held as confidential.

Thank you.

Richard Melton
Senior Counsel
ETS Legal
x52555
 -----Original Message-----
From: 	Melton, Richard
Sent:	Wednesday, October 17, 2001 12:35 PM
To:	Nelson, Mike
Cc:	Soldano, Louis; Raker, Colleen
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Dear Mike:

The email you forwarded from Rob Wilson included the following request:

	"A side item- beyond the committees interest in hearing from our security personnel, Sue has asked if  an attorney in our 	group could assist her in drafting language, if needed, to provide exemptions/protections to FL sunshine laws regarding 	security related documents."

In discussions with Lou and Colleen, we concluded that I would check with Rick Shapiro, Counsel for Legislative Affairs, to address the request.  Alternatively, we can seek assistance from local Florida counsel (e.g. Ann Longman in Tallahassee FL).

I will let you know what develops soon.

Also, I understand that Rob Wilson is Manager of Regional Governmental Affairs in Tallahassee.  He mentioned that he had a prepared presentation that he had already used. Perhaps we should consider asking him to begin routing written matters on security through you and me for the time being.  Please ask him for a copy of the presentation before the conference call.  I assume we will meet in advance of the 10/24 call too.

Thank you.

Richard

 -----Original Message-----
From: 	Nelson, Mike
Sent:	Wednesday, October 17, 2001 10:20 AM
To:	Wilson, Rob
Cc:	Johnson, David L.; Norosky, Kyle; Craig, Rick; Melton, Richard ; Kilmer III, Robert
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

I would like Kyle, David Johnson, Rick Craig, Richard Melton, and I to attend the conf call on the 24th. We'll figure out who can / should attend.

 -----Original Message-----
From: 	Wilson, Rob
Sent:	Wednesday, October 17, 2001 9:39 AM
To:	Nelson, Mike
Cc:	Johnson, David L.; Norosky, Kyle; Craig, Rick; Melton, Richard ; Kilmer III, Robert
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Mike,

Richard Hixson, House staff and Sue  Skelton, Senate staff have requested a meeting w/ our security rep. on the 24th. I suggested a conference call, since the same individual will be the presenter on the 26th. A time has not been established for the call. The conference call would include Sue, Richard , and the House and Senate chairs of each committee, Dudley Goodlette and Ginny Brown -Waite respectively. The intent would be to brief this audience on current security practices on the pipe and initiatives we are participating in w/ other stakeholders i.e. INGAA, DOE, OPS etc... In addition, the chairs want to be aware of information we do not want to share and how to manage the committee Q and A.

 I have indicated the 26th presentation will be succinct, generic, but reassuring . We can manage the Q and A  w/ some general responses regarding our efforts w/ the Florida Law Enforcement Department and heightened state of awareness responses.

 A side item- beyond the committees interest in hearing from our security personnel, Sue has asked if  an attorney in our group could assist her in drafting language, if needed, to provide exemptions/protections to FL sunshine laws regarding security related documents.

FYI- I have a presentation, I'll be using Monday w/ our PSC which includes bullet points on reliability and security, which should satisfy our needs for the 26th.

 -----Original Message-----
From: 	Nelson, Mike
Sent:	Tuesday, October 16, 2001 1:58 PM
To:	Wilson, Rob
Cc:	Johnson, David L.; Norosky, Kyle; Craig, Rick; Melton, Richard
Subject:	RE: Florida Joint House and Senate Committee Hearing/ Infrastructure Security

This is something we can do, but it will be at a very high level in terms of specific information shared.

I suggest we have a confernce call on this next week (or before) to 1.) determine what the Florida House and Senate is expecting, 2) who should attend, and 3.) who else is invited.

I will be out of pocket until next Monday, but could possibly call in if the timing was right.

Mike

 -----Original Message-----
From: 	Wilson, Rob
Sent:	Tuesday, October 16, 2001 12:53 PM
To:	Nelson, Mike
Cc:	Johnson, David L.; Kilmer III, Robert
Subject:	Florida Joint House and Senate Committee Hearing/ Infrastructure Security

Mike,

This morning legislative staff asked that I arrange for the appearance of an ETS security personality to address the House and Senate committees examining FL security issues. The committees tentatively plan to meet jointly on October 26th to discuss infrastructure security. There also will be a prehearing meeting on the 25th w/ committee leadership, to discuss the presentations.

The hearing schedule and agenda continues to be a work in progress as legislative members and staff prepare for a special session to begin on Monday. However, I wanted to alert you to the possibility of needing someone from your shop on at least the 26th. I have seen most everything we've produced to date regarding this issue and drafting a statement will be relatively straight forward. As is always the case, it is the committee Q and A where the practitioner is most helpful.

I will keep you informed of any developments, my contact numbers are 850-350-5018 office;  850-544-6938 cell; 850-668-2782 home

Rob


I don't  we're ready.  could call at some point so we can discuss?
415.782.7822.


Hi everyone.  Things seem fine here.  Took long walks, one late last night
and one this morning, and saw little eveidence of damage.
Saw on CNN that americans say quake 7.8  Unbelievable.

My lap top running out of battery, so will just refer you to the below,
which was my reponse to my a note from my brother several hours ago.

        * * *

Just got on line.  Surprised it was possible.  Electricity out, so probably
only us with battery powered lap tops clogging things up.

Everything ok here, so far.  Got a pretty good shake.  Was out in the
streets for a couple of hours, with everyone else.  My neighborhood up on
solid rock, so things looked mostly ok.  Lots of old and bad construction
here; many stones in the street.  One upper floor (abandoned) apartment half
a block from here collapsed and much debris in the stereets.  No apparent
injuries, however, in my neighborhood.  Unfortunately, other areas not so
lucky.  Saw 6.7 estimate for Izmit, the center, here (one place I passed had
a generator and had a tv out for everyone to see).  Passed women praying,
men reading Koran, most just huddled in groups talking. Strange being in the
middle of it all with limited ability to communicate.  Know a few folks in
neighborhood and we had a few basic chats, though its amazing how much I
learned even from them.  Already knew the Turkish word for earthquake, which
is depram (revolution is devrim) and came in handy.

A few seagulls just went by and I think a neighbor down stairs shut a door;
mistook that commotion for an aftershock.  A little rattled myself; much
like after SF quake.  I think memory of that still deep seeded in my
subconscious.

Again, this new technology amazes.  Better get off and save my battery.  May
need it.

Thanks for the note.  It was good to see your messages there.  I'll send
this to the rest of the family, but if they call tell them I'm ok and
worried about them worrying about me.

Love,

Mark

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


Elizabeth Edwards 44 20 7783 4419 (JT - Assistant)


Attached are the management reports reflecting activity through 6/22/00.


Phillip:  I will copy you on this e-mial while Mike is out.  Let me know if
you have any questions.  Thank you.

Anne


-----Original Message-----
From: 	Chen, Hai
Sent:	Friday, October 12, 2001 2:35 PM
To:	Black, Tamara Jae
Subject:	Options Market Update
Importance:	High

T Jae,

Could you forward the followings to all traders and mid-marketers.  Thanks!  - Hai

We plan to provide all traders and mid-marketers a weekly update on selected products and activities in options market.  Attached sheet is our first issue, and your comments are much welcome.

We make markets for much more products than the listed.  If you or your customers are interested in any products not available in this sheet, please feel free to contact us directly.  If you don't want to receive this update in the future, please also advise us.

Thanks.
Hai


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 12/13/2000 12:23
PM ---------------------------

	From:  Christi L Nicolay                           12/13/2000 12:08 PM

To: Bill Rust/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Ron
McNamara/NA/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Rogers
Herndon/HOU/ECT@ect
cc:
Subject: SPS Grandfathered agreement on Blackwater tie.

FYI
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/13/2000
10:47 AM ---------------------------

"Friddle, Jarrett" <jfriddle@SPP.ORG> on 12/12/2000 05:04:37 PM
To: "SPP CPC (EXPLODER)" <cpc@spplist.spp.org>, "SPP RTWG (EXPLODER)"
<rtwg@spplist.spp.org>, SPP TRANSMISSION CUSTOMERS <SPPTrCu@SPP.ORG>
cc: "Chumley, Todd" <TChumley@SPP.ORG>

Subject: SPS Grandfathered agreement on Blackwater tie.

This is an announcement of a working policy for making service across
the Blackwater tie into WSCC in the event the SPS , bundled,
grandfathered is temporarily interrupted.  In order to preserve
competition without displacing the reservation close to the ramp, SPS
has agreed to notify SPP prior to the top of each hour whether or not
they will be making any attempt to restore the IP agreement at the top
of the next hour.  Once that designation has been declared, SPP will
open the market at the top of the hour for next-hour only service to the
BLKW DC Tie.  SPS has stated that 12/12/2000 HE 19 will be available for
service.  A similar notice will be posted to the OASIS and SPP will
follow this policy until further notice.

Jarrett Friddle
Supervisor, Tariff Administration


I cannot hit on wed. how about thursday
maybe we could hit at hcc around 5;30 or so and the kids could eat and swim
allie could "babysit" sam---just to help him order and play with him
if that plan is no good then we could try for friday
did you go to the master swim on sunday ?

This communication is CONFIDENTIAL
and protected by the ATTORNEY-CLIENT
and WORK PRODUCT privileges.

Dede Russo
Senior Attorney
Reliant Energy Law Department
1111 Louisiana
Houston, TX 77002
Phone: (713) 207-5240
Fax: (713) 207-9572
E-Mail: drusso@reliantenergy.com

                    Elizabeth.Sager
                    @enron.com             To:     drusso@reliantenergy.com
                                           cc:
                    06/05/2001             Subject:     meeting
                    12:47 PM

Hi

Can you can hit on Wed (lunch or afternoon fine for me)?  Talk to you soon.


Fyi
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Strohmeyer, Vincent <Vincent.Strohmeyer@ENRON.com>
To: Hayslett, Rod <Rod.Hayslett@ENRON.com>; Peters, Jerry <Jerry.Peters@ENRON.com>; McCarty, Danny <Danny.McCarty@ENRON.com>; Horton, Stanley <Stanley.Horton2@ENRON.com>
CC: Saunders, James <James.Saunders@ENRON.com>; Cobb Jr., John <John.Cobb@ENRON.com>; Neubauer, Dave <Dave.Neubauer@ENRON.com>; Harris, Steven <Steven.Harris@ENRON.com>; Perchal, Cheryl <Cheryl.Perchal@ENRON.com>
Sent: Mon Nov 19 08:23:05 2001
Subject: FW: Daily Summary of Risk Data

Summary Risk Data as of 11/16/2001

Active Financial Deals	83
Active Physical Positions	38
P&L  Daily ($thousands)	345.0
VaR ($thousands)	159.4

ETS Margin Account Deals	0

Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport or storage agreements.

P&L  Daily:   Daily change in the  mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.  This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.

VaR is "Value at Risk":  Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.  This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.

More detailed reports are available from the Caminus Zainet risk management system.  Please call Vince Strohmeyer at 713.853.6701 with any questions you may have.


Great.  Glad to hear it.  Did you get my voice mail?  Makes sense for you to
go ahead and start cobbling together a formal proposal.  I've talked to folks
internally (and will discuss further with them tomorrow and Friday when I'm
in Houston).  I'd like you to keep the information confidential, but I'm
fairly confident that we're already at the point where it's not a matter of
whether but of what the terms and conditions of the contract and the scope of
the project will be.

Best,
Jeff

David_Teece@LECG.com on 08/16/2000 12:31:57 PM
To: jdasovic@enron.com
cc:
Subject: Re: california

All's well.  Great enthusiasm from everyone I have contacted so far. We can
undoubtedly pull this off.  Look forward to hearing from you.

-- David

jdasovic@enron.com on 08/14/2000 01:33:16 PM

To:   David_Teece@LECG.com
cc:

Subject:  Re: california

Hi David:

Thanks again for meeting last week.  Just wanted to let you know that I'll
be meeting in Houston on Thursday to discuss the project we discussed.
Hope all is going well thus far on your end.

Best,
Jeff


FYI
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/22/2000 11:56 AM -----

	Mark E Haedicke
	11/22/2000 11:56 AM

		 To: Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: Re: Plan B Auction - Need for Approvals ?

Peter:

I think your collective e-mails constitute the legal risk memo.  What do you
think the legal risk rating ought to be?

Regards,

Mark

	Peter Keohane
	11/22/2000 10:28 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: John J Lavorato/Corp/Enron@Enron, Greg Johnston/CAL/ECT@ECT, Derek
Davies/CAL/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT
		 Subject: Plan B Auction - Need for Approvals ?

Mark, thanks for the voice mail.  In terms of a risk memo, I agree that one
should not be necessary as in many respects this can be characterized as
normal course trading within position limits under a standardized Master
Agreement and without an outlay of capital, but hopefully the following
(together with my memo from last night - copy attached) suffices to the
extent a risk memo is required.

In terms of unusual risks:

1.  We do not have any rights to collateral under the proposed Master.
However, the counterparty is the Balancing Pool which is essentially
Government of Alberta credit risk.  Derek Davies is I believe dealing with
Credit to resolve credit issues.  In fact, I believe the Balancing Pool is
taking significant risk as it is selling the power firm under a Master which
does not match up to the interruptible nature of the PPAs it holds.

2.  The Balancing Pool will be secured under the Master by a parental
guarantee of Enron Corp. and has a somewhat discretionary right to call for
collateral from us under the Master if there is a material change in Enron
Corp.'s creditworthiness.

3.  It is a requirement of the auction that we will have entered into
back-to-back physical hedges for 70% of the volume we acquire, and we are
currently working at putting those deals in place conditional on us bidding
and being successful in the auction.  Penalties can be imposed if 70% of the
volume purchased is not properly hedged.

4.  As we are dealing with the Government of Alberta, we always run the risk
(as we are somewhat seeing now with respect to the Sundance PPA we acquired
in the first auction) that they can change the auction rules, the market
rules or the legislation in ways that are adverse to us.  In terms of the
auction rules, as with the first auction, they could be better drafted, but
our fundamental concern will be to make sure that it is clear that if we post
a bid deposit and do not bid that we get the deposit back, and to ensure that
the rules are clear enough that we are comfortable that we are in complete
control of whether or not we can comply with the rules.

Peter.

(Milly, sorry for not copying you on my first memo - see below.)
---------------------- Forwarded by Peter Keohane/CAL/ECT on 11/22/2000 08:52
AM ---------------------------

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Peter Keohane                           11/21/2000 06:38 PM

To: Mark E Haedicke/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron, Derek Davies/CAL/ECT@ECT, Greg
Johnston/CAL/ECT@ECT
Subject: Plan B Auction - Need for Approvals ?

Mark, as I have mentioned to you the Plan B Alberta Power Auction is
scheduled for Nov 29/00, under which Enron Canada can purchase for one-year
terms, in each of three successive years, up to approximately 300MW/year #1;
130MW/year #2; and 65MW/year #3, of the unsold PPA capacity that reverted
back to the Balancing Pool of Alberta following the first auction last
August.  The bid qualification documentation needs to be in Friday and US
Thanksgiving is Thursday/Friday.  I wanted you to be aware of this, and
determine from you if any corporate approvals need to be obtained.

Firstly, Derek Davies/John Zufferli will only be bidding to the extent
authorized by Lavo.

Secondly, bid qualification commits us to the rules of the auction, the forms
of documentation to govern both the auction and the purchase if we are
successful, and requires a bid deposit (approximately C$6.5MM), but does not
obligate us to bid and, provided we comply with the auction rules, the Bid
Deposit will be returned after the auction.

Thirdly, unlike the PPA auction the risks are much less significant in terms
of volume and term.  In terms of documentation, if we are the successful
bidder, we will be buying power from the Balancing Pool under a physical
Master, which seems to be a Canadianized version of the EEI Master and which,
although not entirely to our liking, is generally satisfactory.

Fourthly, the position will, I understand, be managed in the power trading
book within approved position limits.  Note:  The nominal amounts owing (i.e.
no up front payment is required) on an unhedged basis for the entire 300MWs
in year #1 would be something like C$260MM, assuming a C$100/MW purchase
price.  Year #2 would be C$114MM and year #3 would be C$57MM.

Given the nature of the transaction, the short time that we have with US
Thanksgiving intervening, and numerous other demands, I do not believe that a
DASH, Risk Memo and/or Board Approval is necessary, but please let me know.

I will leave you a brief voice mail to follow-up.

Peter.


Thanks, Tana. Hope you're feeling better............Tony