----- Forwarded by Steven J Kean/NA/Enron on 10/30/2000 07:22 AM -----

	Calvin Eakins
	10/27/2000 05:02 PM

		 To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, jbannan@enron.com, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/SA/Enron@Enron, Stephanie Harris@ENRON, Andrew S
Fastow/HOU/ECT@ECT, Calvin Eakins/Corp/Enron@ENRON, Mark
Frevert/NA/Enron@Enron, Kevin Hannon/Enron Communications@Enron
Communications, David W Delainey/HOU/ECT@ECT, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stanley Horton/Corp/Enron@Enron,
Larry L Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Cindy Olson/Corp/Enron@ENRON, Karen S Owens@ees, Ken Rice/Enron
Communications@Enron Communications, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Elizabeth Tilney/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT,
Thomas E White/HOU/EES@EES, John
Garrison/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, J Mark Metts/NA/Enron@Enron,
Daniel Brown/NA/Enron@Enron, Dana Lee/HOU/EES@EES, George
Wasaff/NA/Enron@Enron
		 cc:
		 Subject: Expenditures with Minority/Women Owned Business Enterprises through
September 30, 2000

Ladies and Gentlemen:

Set forth below for your information and review are the expenditures with
Minority/Women Owned Business Enterprises through September 30, 2000.
Should you have any questions, please contact me at x69500.

Calvin Eakins
Director, Minority & Women Business Development
Enron Global Strategic Sourcing
calvin.eakins@enron.com
713/646-9500


Taffy,

Mary is the new lawyer in charge of the paralegals (someone needs to keep us
in line, being the wild and crazy gals we are!).  Can you put these
re-occuring meetings on my calendar and call it "Paralegal Lunch Meeting".
Thanks!
----- Forwarded by Tana Jones/HOU/ECT on 01/30/2001 10:11 AM -----

	Mary Cook
	01/30/2001 10:06 AM

		 To: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Tana
Jones/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Legal Temp 4/HOU/ECT@ECT
		 cc:
		 Subject: Recurring Lunch Meetings

Please note that we will commence our lunch meetings together as of Thursday
February 15th from 11:45 to 1:00.  The meetings will generally recur every
two weeks thereafter so mark your calendars.  I will let you know the
location as soon as we find an open conference room.

Carla, by copy to you please find a conference room and schedule it for the
recurring time as above stated and let us know which room.  Also, set on your
calendar reminders for emailing a reminder to the paralegals and myself each
Wednesday prior to the Thursday meeting, and for ordering lunch/drinks for
each meeting.  Also set a recurring meeting on my calendar noting this
meeting schedule.

Thanks.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Vince,

Just wanted to let you know that I have done some preliminary, high level,
research into this commodity and would be glad to share it.  Please let me
know if you would be interested in it.  Thank you.

Shalesh Ganjoo

	Vince J Kaminski@ECT
	05/01/01 10:20 AM

		 To: Shalesh Ganjoo/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: Elsa Piekielniak/Corp/Enron@Enron
		 Subject: Re: Trading Ag Prods.

Shalesh,

A good idea.  I shall forward it to the AG traders.

Vince

From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 05/01/2001 10:12 AM
To: Nelson Neale/NA/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Trading Ag Prods.

Nelson,

I know you are focusing on agricultural products for trading, so I just
wanted to know if we are looking at Wool.  I know that it's traded in
Australia and New Zealand, so we might be able to look into it as well.
Please let me know.  Thank you.

Shalesh Ganjoo


The Teams intent as commissioned by John Keller and Jerry Martin was to outline roles and responsibilities as they relate
to the ETS Project Processes. The Team has worked fervently over the last several months with the intent of improving
our current process.  Please review the attached document with your respective Team members and provide
comments by December 5th. Please direct your responses or questions to Dennis Alters (713) 853 6586.  Dennis will
coordinate with the appropriate Team members for response.

					    	Thanks,

				      "The ETS Project Process Team"


I corrected the deal.  The price should be Waha Index +.01.

D

Elizabeth L Hernandez
09/01/2000 07:49 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 5/00 production - Duke Energy

You probably haven't had time to look at the Duke Energy price.  When you get
a chance could you please let me know what the correct price is for May 2000
production.

---------------------- Forwarded by Elizabeth L Hernandez/HOU/ECT on
09/01/2000 07:48 AM ---------------------------

	From:  Stephanie Gomes                           08/30/2000 08:48 AM

To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 5/00 production - Duke Energy

Elizabeth,
Sorry, I can't remember if we had talked about this pricing issue or what.
Were you looking into this issue  for me or was it passed to someone else.
Please see the email below.  I believe the system is pulling in the wrong
price for WAHA.WTX.IF.M.I.. for 5/00 production.  The deal # is 250237.
 I looked at the publication and it shows that the price should be $2.95.
The price of $2.95 plus $1 would equal the price of $2.96 which is what Duke
is
claiming the price to be instead of what we are showing which is $3.95.

Thanks, Stephanie ( 3-6004 )

---------------------- Forwarded by Stephanie Gomes/HOU/ECT on 08/30/2000
08:42 AM ---------------------------

	From:  Stephanie Gomes                           08/28/2000 01:58 PM

To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 7/00 production

Elizabeth,
I have a pricing discrepancy and I was not sure if I send this to you or
Oneil.
It's for Duke Energy, 5/00 production, deal # 250237.  Duke believes our
price is too high.  The system downloaded a price of  $3.95
The price should be WAHA.WTX.IF.M.I. , which is $2.95 for that month.  (
WAHA.WTX.IF.M.I. + 1 ) Duke believes we should have paid them $2.96.
I think the system pulled in the wrong price.  Could you please let me know
if you handle this pricing issue or someone else?

Thanks, Stephanie ( 3-6004 )


I don't have a problem with not back dating it. I'll see if there's a
sesitivity to it from ABB's side.

Herman Manis
07/06/2000 08:06 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: ABB Agreement for Review

If possible, regarding comment for section 7.1, could we make the date
current?  Back dating to the first option agreement may be construed to be a
deposit.  What do you think?
---------------------- Forwarded by Herman Manis/Corp/Enron on 07/06/2000
08:02 AM ---------------------------
From: Lisa Bills on 07/05/2000 09:02 PM
To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Herman Manis/Corp/Enron@ENRON, Matthew
Berry/HOU/ECT@ECT, Carl Tricoli/Corp/Enron@Enron, Thomas M
Suffield/Corp/Enron@ENRON, Matthew F Gockerman/HOU/ECT@ECT, Roseann
Engeldorf/Corp/Enron@ENRON, robtaylor@andrews-kurth.com
Subject: ABB Agreement for Review

Here are my comments:

Assignment Language:
in (i) "WestLB" should be changed to "Purchaser"
in (ii) - although this is a business point I think it is important to
question: why should we provide credit support to the JV/partnership/llc when
we are required to keep a min. 19.5% interest?  This is not a GE requirement
and it is a doubling up of Enron-type support which will make the venture
much more expensive to finance.

Purchase Agreement:
Def. of Business Day:  let's add New York since this is where WestLB funds
from.
2.1(B):  It should be "Agent's" person to approve change orders, not
"Purchaser's"
2.2:  "Purchaser" should be used rather than "WestLB" since it is not as
limiting.
7.1:  Why is the Effective Date backdated to the date of the first option
agreement execution date?
Exhibit N - Purchase Amount Reconciliation:  The total amount of the three
purchase amounts is $78M less than the same amounts detailed in the latest
Option Agreement.  I'd like to understand why this is, especially in light of
the Effective Date in 7.1, to insure that AA won't determine that the Option
Premiums paid were somehow a deposit or credit toward the purchase price of
the transformers.

Regards, Lisa
---------------------- Forwarded by Lisa Bills/Corp/Enron on 07/05/2000 08:45
PM ---------------------------

Matthew Berry@ECT
07/05/2000 02:43 PM
To: Lisa Bills/Corp/Enron@ENRON
cc:

Subject: ABB Agreement for Review

---------------------- Forwarded by Matthew Berry/HOU/ECT on 07/05/2000 03:42
PM ---------------------------

	From:  Kay Mann @ ENRON                           07/05/2000 02:36 PM

To: Herman Manis/Corp/Enron@ENRON, Matthew Berry/HOU/ECT@ECT, Carl
Tricoli/Corp/Enron@Enron, Thomas M Suffield/Corp/Enron@ENRON, Matthew F
Gockerman/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:
Subject: ABB Agreement for Review

Gentlemen,

I've made some changes to the assignment language of the ABB contract. The
language is not identical to the LM 6000 language, but is substantially the
same, and in some respects better.  Please let me know if you have any
substantive comments:

I am also attaching the current draft of the contract.  It is being revised
to incorporate delivery dates and to clarify the scope to include
installation obligations of ABB (haul and install).  Also, in the fourth line
of the first paragraph, the word "Purchaser" will be added to the
parenthetical, after "WestLB". Any other changes should be very minor or
technical.

We are trying to get this finished this week.  Please let me know if you have
any questions or comments.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 07/05/2000 02:25
PM ---------------------------
From: Kathleen Clark@ENRON_DEVELOPMENT on 06/30/2000 01:40 PM
To: ben.jacoby@enron.com, kay.mann@enron.com
cc:

Subject: ABB Agreement for Review

Attached is the latest ABB agreement for your review:


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/27/2000
03:13 PM ---------------------------

Shirley Crenshaw
09/27/2000 11:29 AM
To: "John D. Martin" <J_Martin@baylor.edu> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Vince Kaminski's Itinerary - Week of 9/30 - 10/7/00

Professor Martin:

Attached is Vince's itinerary.  Let me know if you need anything else.

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 09/27/2000
11:24 AM ---------------------------

Vince J Kaminski
09/27/2000 10:45 AM
To: "John D. Martin" <J_Martin@baylor.edu> @ ENRON
cc: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Hello Vince

John,

I shall be in Paris and London next week. We can schedule a call sometimes
next week. I shall ask my assistant to send you my itinerary. A late call
(Paris time)
would work for me. The time difference is 6 hours. This would mean a call
sometimes around 3 - 4 p.m. our time.

Please, indicate which day works best for you.

Vince

"John D. Martin" <J_Martin@baylor.edu> on 09/27/2000 09:45:50 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Hello Vince

Vince,

Good morning.  Unfortunately I'll be in Milwaukee visiting Harley-Davidson
about a book revision project both Thursday and Friday.  How about early
next week.  I appreciate your patience with me.  When you suggested a time
last week I was "unprepared" and embarassed to call and expose my
ignorance.  Since then I have re-read the Enron Gas Services case and have
a pretty good feel for how you guys have melded the physical and financial
sides of the business.  The other theme that I have heard many Enron
speakers use is the "de-regulation" of markets.  This certainly played a
factor in the power business and presumeably was behind the water business.

If you'll let me know when it's convenient to call next week I'll have some
notes put together.  I'm teaching a class for a colleague on Monday so
anytime after that is great.

Thanks and hope you had a pleasant trip.

John

p.s.  I saw that the Univ of New Orleans has an Energy Finance endowed
chair for a financial economist open.  If you ever decide to move back to
the life of poverty of an academic I would love to recommend you for such a
post.

At 08:26 AM 9/27/00 -0500, you wrote:
>
>John,
>
>What about Thursday, 10:30 a.m.? I have just come back from Europe
>last night and I am trying to organize my schedule for the next few days.
>
>My phone number is 713 853 3848.
>
>
>Vince
>
>
>
>
>
>
>"John D. Martin" <J_Martin@baylor.edu> on 09/22/2000 01:57:47 PM
>
>To:   vkamins@enron.com
>cc:
>Subject:  Hello Vince
>
>
>Vince,
>
>Can I call you Tuesday morning about our writing project?  I have to be in
>Austin for a dental appointment on Monday at noon and that will probably
>wipe out the day.  Give me a time and number where I can reach you.
>
>John
>
>
>John D. Martin
>Carr P. Collins Chair in Finance
>Finance Department
>Baylor University
>PO Box 98004
>Waco, TX 76798
>254-710-4473 (Office)
>254-710-1092 (Fax)
>J_Martin@Baylor.edu
>web:    http://hsb.baylor.edu/html/martinj/home.html
>
>
>
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude27.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas27.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil27.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded27.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG27.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG27.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL27.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


BUSINESS HIGHLIGHTS

West Power
On August 31, 2001, West Power Origination closed the sale of 100% of the membership interests in Southwest Power to Black Hills Energy Corp.  The sale to Black Hills concluded a two year strategy associated with the acquisition and expansion of the 50MW Las Vegas Cogeneration facility.   The 230MW Las Vegas II expansion project initiated in January 2000 consists of two, 2x1 systems utilizing LM 6000 PC technology in combined cycle. In May of this year, West Power Origination secured a 15-year tolling agreement with Allegheny Energy Supply Company for the entire output of the expansion project.  The Las Vegas II expansion project is currently under construction and is scheduled to go commercial in September 2002.  This transaction utilized many of Enron's technical, financial and commodity capabilities.  Congratulations to everyone who made it a success.

Enron Freight Markets
Enron Freight Markets closed its first firm sale of transportation with Penske Logistics. Penske is under contract for the operation and U.S. distribution of Whirlpool appliances.  EFM will provide truckload capacity for Penske to serve Whirlpool.  The first lane that EFM will begin handling is from the southern California distribution center in Ontario, California to various northern California destinations.

Enron Global Markets
Art & Fundamentals
A recent graduate of Houston's Art Institute, Tramy Nguyen joined the EGM Fundamentals team as an intern last week. For the next six months, Tramy will be applying her layout and graphic arts to improve the fundy brand seen on our website, newsletters and ad hoc reports. She'll also help support the development of our website using her html and ASP skills. Tramy moved to Houston in 1993 from her native Saigon, Vietnam, where she studied art for two years. She is an accomplished painter and graphic artist whose award winning poster design was selected for use by the Butterfly Center at Houston's Museum of Natural Science.

EES Business Center
Enron Energy Services has one single entry point for all customer leads and service issues - The EES Business Center.  Your assistance is requested in routing all retail customer calls to this center.  The Business Center can manage general customer service requests or provide information on EES product offerings.

The number for the EES Business Center is 800-337-7827 (800-EES-SVCS) or internally, calls can be transferred to x59390.  E-Mail address is: EESBusinessCenter@enron.co.

Thank you for taking the time to route these calls appropriately.  Your assistance is critical to Enron's customer acquisition success and to ensure our customers' satisfaction.

IN THE NEWS
"Back in the Saddle"  INTERVIEW with KENNETH LAY, ENRON - The US energy group's chairman tells Sheila McNulty of the job facing him after the sudden departure of the company's CEO.   08/30/2001 Financial Times  (c) 2001 Financial Times Limited.   All Rights Reserved
Nonetheless, Mr. Lay has decided to take more time over the appointment. "There is no big rush," he says. He himself will remain chief executive for as long as it takes to find the right person for the job.
"The board has made it very clear that we are going to take our time. I have extended my contract through 2005. I'll stay that long if needed. I'll stay longer if needed. But we're going to take our time. We're going to make sure that we make the right choice," Mr. Lay says. "We're going to make sure that the financial community agrees that that would be the right choice. We're going to make sure that, obviously, the employees and the organization believe that is going to be the right choice."

WELCOME
New Hires
EA  - John Boomer, Robert Haines, Kathryn Jenkinson, Laura Prothro, Jason Kuepker, Susanne Hill

NUGGETS & NOTES

Steve Van Hooser has joined the EIM Legal Group to handle Forest Products and Steel Trading.  We are delighted to have Steve as part of our team.

EnronOnline Figures
Below are the latest figures for EnronOnline as of September 4

?	Total Life to Date Transactions > 1,400,000
?	Life to Date Notional Value of Transactions > $800 billion

Enron Wholesale Services Best Practice Tips
United Parcel Service (UPS) is Enron's Preferred Vendor for Express Deliveries
To receive a UPS Online User Guide that includes instructions for Online Registration, Shipping,
Supply Ordering and Drop-Off locations, contact Glenn Lewis (GSS) at 713-646-7512.

In Houston, UPS supplies are available in the 1400 Smith Street mailroom.
In remote locations, call the Enron Preferred Customer Associate at 800-432-2877
or go to ups.com and log in, select supply icon and then select from supply menu.

News from the Global Flash

EES Europe Celebrates Pirelli Deal
EES Europe is celebrating another deal with an attractive brand name after clinching a three-year contract with Pirelli Cables and Systems, the world's leading energy cable manufacturer. The deal gives EES the right to match bids to supply gas and electricity to 18 manufacturing sites in Italy and the UK. EES will also assess opportunities for energy management programmes designed to increase energy efficiency at Pirelli's facilities.

Bob Manasse, Vice President Origination of EES Europe, said: "Congratulations to all those involved for securing EES another great deal which will strengthen our position in Europe and give us a valuable point of entry into the Pirelli tire organization and the recently acquired Telecom Italia."

German Gas Deal - First Municipality Transaction Signed in BEB Territory
Congratulations are due to the Frankfurt and London-based gas teams who, in the face of tough competition from the Northern German incumbent supplier, BEB Erdgas and Erdoel (a jointly held Shell and Exxon subsidiary), succeeded in securing two gas supply agreements with the cities of Peine and Uelzen on 24th August. Securing transmission will be challenging due to the fact that BEB has the most onerous grid access terms in Germany. However, the gas team is hopeful these transactions will bring about a turning point in gaining access to customers within BEB's territory, which until Enron closed on these deals was considered to be the "heart land" of Germany.

Enron Names New UK Coal-Hauling Freight Locomotive
On Saturday, 1st September, a ten-strong delegation from Enron's coal team traveled up to British Energy's Eggborough coal-fired power station to take part in the naming ceremony for a newly-acquired Class 66 freight locomotive, recently put into service by Enron business partner and rail freight specialist, Freightliner Heavy Haul.   Enron and Freightliner Heavy Haul signed a contract for UK coal transport in June 2000, effectively breaking the local monopoly in the rail transport of coal held by an incumbent rail freight company.  True to form, the introduction of competition has reduced rates and dramatically improved service levels.

Stuart Staley, Enron's international coal group vice-president, praised the dedication of the Freightliner train drivers and staff who have contributed to the success of the service for Enron. While Eddie Fitzsimons, managing director of Freightliner Heavy Haul Ltd noted:  'We only started running coal trains in December 2000 and we have now run more than 17,000 individual wagon journeys containing more than one million tonnes of coal, almost all of that for Enron.'

The coal team selected the name Don Raider from numerous entries received from an earlier Globalflash competition:  "The new locomotive was named Don Raider, after the river Don, a major river in South Yorkshire where a number of our customers are located," explains Tom Kearney, a director in Enron's international coal group who executed the original deal with Freightliner.  "Other "Raider Class" Freightliner Heavy Haul locomotives will be named at a later date, each bearing the name of a river which flows near to coal-fired power stations and major coal-importing ports."

While mischievous Enron employees may think the name sounds suspiciously like a covert activity carried out by the new market entrants, we can assure you that would simply be speculation!   Congratulations again to the Coal team on securing this landmark deal.

Enron Credit Statistics
Please find following the latest figures for Enron Credit as of September 5, 2001:

*	Total Year to Date Transactions >  550

*	Year to Date Notional Value of Transactions > $9.82 billion

*	Total Life to Date Registered Users >  over 7,000 non-Enron users and 790 Enron users

		- 9% of non-Enron registered users visit www.enroncredit.com more than once per week
		- over 2,500 registered users log in to the Enron Credit website each month

*	Enron Cost of Credit (ECC) > over 22,000 readers per week view the ECC in independent publications

We are looking for great ideas for the EnTouch and the Brown Bag Lunch Series.
Do you have terrific news that you want everyone in EWS to know about? Something interesting going on in power and gas markets? Or in industrial or global markets?  We are also looking for speakers for the Brown Bag Lunch Series. If your group is working on a special project or you have just completed a newsworthy deal, let us know.  Send your ideas to Kathie Grabstald via email or call x 3-9610.

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

<Embedded Paintbrush Picture>


See below....

Audrey Robertson
11/13/2000 09:50 AM
To: Kevin Hyatt/ET&S/Enron@Enron, Jeffery Fawcett/ET&S/Enron, Lorraine
Lindberg/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON
cc:

Subject: URGENT REQUEST FROM STEVE

Please see below a customer list.  Please provide Steve with the names of
contacts, i.e., Nanci McKenzie for USGT, Frank Tsuru for Red Cedar, etc.

  SoCal Gas    /Lee Stewart - Sr. VP
  PG&E
  USGT   Nanci McKenzie - President
  Red Cedar  Frank Tsuru - President
  PNM
  Burlington Resources Scott Kirk - Vice President
  Amoco
  Duke
  Agave   David Lanning - President
  Texaco
  Conoco   Mike Stice - President

Please submit as soon as possible.

Thanks in advance,

adr


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/06/2000
03:24 PM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/06/2000 02:53:20 PM
To: <Ami.Chokshi@enron.com>, <clarissa.garcia@enron.com>
cc:

Subject: Revisions on Tennessee Gas P/L Effective 6/8/00

Attached are nine changes to volumes currently flowing on Tennessee Gas
Pipeline.  These changes are to be effective Thursday, June 8, 2000.

Please let me know of any questions you have.

Thanks,
Steve

 - EC254reveff060800.xls
 - EI315329reveff060800.xls
 - EI316reveff060800.xls
 - SP13reveff060800.xls
 - ss154reveff060800.xls
 - ss198Jreveff060800.xls
 - SMI265reveff060800.xls
 - WC45reveff060800.xls
 - EI365reveff060800.xls


I have asked Pat Radford to put the enovate Master Firm and the enovate GISB
in Attorney's Forms.  Until she is able to do that, you can find these forms
as follows:

1) The Master Firm is at o/common/legal/sdickso/enovate/enovate master
firm.doc
2) The GISB is at o/common/legal/sdickso/enovate/enovateGISB.doc

Please let me know if you have any problems locating these documents.

Stacy


Gerald -- In response to your question regarding the status of the agreement
to have Jim Alexander act as ECS' representative --- David Bargainer is
reviewing this agreement and he hopes to have something to you early next
week.; Thanks.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/15/2000
04:08 PM ---------------------------

Shirley Crenshaw
09/15/2000 02:31 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Polan Trip - September 20th

Vince:

Here is the itinerary from the travel agency and I am also attaching the one
I create.

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 09/15/2000
02:27 PM ---------------------------

Catherine Elder <catherine.elder@travelpark.com> on 09/15/2000 11:01:07 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: W. Kaminski 20-26sep

                                                   SALES AGT: CE/YGOBD8

                                          KAMINSKI/WINCENTY
                                          EB 1962

  ENRON CORP

  DATE:  SEP 15 2000

DATE  SERVICE               FROM               TO

AIR FRANCE            20SEP HOUSTON TX     PARIS          415P    845A
AF 33      Y          WED   G.BUSH INTERCO CHARLES DE GAU         21SEP
           NON SMOKING      TERMINAL D     TERMINAL 2C
                            MEAL/BREAKFAST                NON STOP
                            RESERVATION CONFIRMED         9:30 DURATION
                  AIRCRAFT: AIRBUS INDUSTRIE A340-300
                            SEAT 24A NO SMOKING CONFIRMED KAMINSKI/WINCEN

AIR FRANCE            21SEP PARIS          WARSAW         935A    1150A
AF 2046    Y          THU   CHARLES DE GAU OKECIE
           NON SMOKING      TERMINAL 2B    TERMINAL 1
                            BREAKFAST                     NON STOP
                            RESERVATION CONFIRMED         2:15 DURATION
                  AIRCRAFT: AIRBUS INDUSTRIE A319.

HOTEL                 25SEP VICTORIA INTERCONTINENTAL
                      26SEP KROLEWSKA 11
                            WARSAW, 00 065
                            POLAND
                            TELEPHONE: 48-22 6578011
                            FAX: 48-22-6578057
                            CONFIRMATION: 1504592
                            SINGLE ROOM
                            RATE: ENR DEM 310.00 PER NIGHT
                            GUARANTEE GIVEN
                            HOLD POLICY: 6PM
                            ENRON CORP NON SMOKING KING

AIR FRANCE            26SEP WARSAW         PARIS          810A    1035A
AF 1447    Y          TUE   OKECIE         CHARLES DE GAU
           NON SMOKING      TERMINAL 1     TERMINAL 2B
                            BREAKFAST                     NON STOP
                            RESERVATION CONFIRMED         2:25 DURATION
 LO 0331                    FLIGHT OPERATED BY LO LOT POLISH AIRLINES
            AIRCRAFT OWNER: LO  LOT POLISH AIRLINES
                  AIRCRAFT: BOEING 737 ALL 100-800 SERIES PSGR

AIR FRANCE            26SEP PARIS          HOUSTON TX     1255P   425P
AF 34      Y          TUE   CHARLES DE GAU G.BUSH INTERCO
           NON SMOKING      TERMINAL 2C    TERMINAL D
                            MEAL/SNACK                    NON STOP
                            RESERVATION CONFIRMED         10:30 DURATION
 CO 0011                    FLIGHT OPERATED BY CO CONTINENTAL AIRLINES
            AIRCRAFT OWNER: CO  CONTINENTAL AIRLINES
                  AIRCRAFT: BOEING 777-200/300
                            SEAT 37A NO SMOKING CONFIRMED KAMINSKI/WINCEN

MISCELLANEOUS         25NOV HOUSTON TX
                      SAT   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  AF/2BGHRB

KAMINSKI/WINCENTY  S0C0011R1000

SHIRLEY CRENSHAW: 853-5290
INTL TVLRS: CARRY SOS WALLET CARD W/ENRONASSISTANCE INFO
CALL SOS: IN U.S 800 523-6586/INTL 215 245-4707 (COLLECT)
*******************************************
AIR FARE $1714.18
PLEASE NOTE ENRON CHARGES A $50.00 SERVICE FEE FOR PERSONAL
INTERNATIONAL TRAVEL


There's been a flurry of e-mail on this.

My original question remains -- can whomever (in Govt Affairs) received the
PX Credit calculation info from PG&E please let me know?

(I am working on this on several fronts, i.e. with Wanda, Diann and Mary
Lynne.  But I do need to see the PG&E info.)

Thanks.
Tamara
---------------------- Forwarded by Tamara Johnson/HOU/EES on 07/17/2001
09:18 AM ---------------------------

James D Steffes@ENRON
07/17/2001 07:47 AM
To: Tamara Johnson/HOU/EES@EES
cc:
Subject: Re: trying to locate PX Credit information

Did Jeff get this info?

Jim

	Enron Capital & Trade Resources Corp.

	From:  Tamara Johnson @ EES                           07/16/2001 04:19 PM

To: JMB <JBennett@GMSSR.com>, Harry Kingerski/Enron@EnronXGate, Jeff
Dasovich/NA/Enron@Enron, Leslie Lawner/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Diann Huddleson/HOU/EES@EES, Mary Lynne
Ruffer/HOU/EES@EES
cc:

Subject: trying to locate PX Credit information

PG&E has changed the method of calculating the PX Credit recently.  Prior to
June they appeared to be using a market based price for power, but in June
the credit dropped to about $40/MWh which looks like utility-owned gen.

We want to make sure we are not missing a utility-levied charge in our
forward curves ( e.g. CTC charge that will be applied to DA) so we're trying
to verify the utilities' method of calculating PX credits.

I talked to the PG&E accounting person who said that their Regulatory group
has sent Enron's regulatory group information on the way the PX Credit is
calculated.  Can someone locate this information and forward it to me as soon
as possible?  Given that our customers are all switching to DA we don't want
to discover there's a charge we don't know about.

Thanks,
Tamara.


Tom,

I hope I gave you enough information in our conference call today.

Attached you will find a translation of a document that was given to the
developers by CFE (Federal Commission of Electricity/ incumbent
monopoly/national electric utility) in which after describing what it wants
to do with RIo Bravo III project it asks 10 questiont to the possible
participants.

Basically in this bidding process they want to give the alternative of
buiklding an IPP or of importing energy based on a long term contract.

On the West coast the opportunity is the other way around.  Theoretically we
could export energy from Mexico to the U.S. The problem here is that the
California ISO will not make capacity payments for a plant in Mexico.  If we
do not have those capacity payments the economicas of the projects will no t
work .  Dave Parkay from West Origination I think sits on the board of the
ISO.

If you need anything else please call.


Thanks Dan!  df

Dan Pribble
03/08/2001 06:24 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Organization Announcement

Drew
Congratulations, look forward to seeing you in Houston.
If I can help in your transition, please call.
Dan
----------------- Forwarded by Dan Pribble/OTS/Enron on 03/08/2001 06:07 AM
---------------------------

	From:  Stan Horton, Chairman & CEO                           03/07/2001 10:57
PM

Sent by: ETS General Announcement
To: Enron Transportation Services Operations
cc:

Subject: Organization Announcement

Michael Moran, currently Managing Director and General Counsel for ETS, has
decided to retire after a distinguished 27-year career with Enron.;; Mike has
been a conscience and a statesman of our organization and it is hard for me
to imagine the ETS organization without Mike.;
;
Fortunately, Drew Fossum, currently Vice President and General Counsel for
Northern Natural Gas and Transwestern, has accepted my offer to become Vice
President and General Counsel of ETS effective April 1, 2001.; Drew will
relocate to Houston and report to me in his new role.
;
To assist with transition issues and special projects, Mike has agreed to
stay on board for several months as Managing Director and Special Counsel to
the Chairman and will continue to report to me.;;
;
Please join me in congratulating Drew on his new assignment and thanking Mike
for his many contributions to ETS and Enron.;


Start Date: 1/19/02; HourAhead hour: 5;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011905.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


can you check the firmness on deal 551686.01  shouls be just Firm?

sp


Hi there -

Hope you are well, and enjoyed the weekend.  It was much too short for us!!

I was wondering what the next steps are in terms of formalizing the role that
you and I discussed in San Antonio.

As Fernley gets closer and closer to nailing my replacement, I am feeling
more and more exposed.

As much as Rick and others have told me not to worry, it would be nice to
nail it down.

I really do think that I would benefit greatly from more of a middle office
focus, and have the management skills to supervise a large team of people.  I
know I would bring a new perspective to the role, coming from more of a back
office focus, and after my European experience know how to focus on key
controls.

Do I need to do anything?    I have discussed February departure timing with
Fernley and he is fine with it.  Depending upon my replacement, it could be
sooner.

I would need a few weeks to get things wrapped up in London like moving and
packing etc.  and re-established in Houston  -- need to buy cars etc.

but otherwise there shouldn't be too much downtime between places.

Glad to discuss at any time  x830 6639

Keep me posted

Beth


(See attached file: Business Inventories.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
 - Business Inventories.pdf


Item 1.  Please refer to Section 7, particularly 7(b), of the ISDA form regarding transfer of receivables and the following setoff language from our schedule.

(g)	Setoff.  (A) Upon the designation or deemed designation of an Early Termination Date the Non-defaulting Party or the non-Affected Party (in either case, "X") may, at its option and in its discretion, setoff, against any amounts Owed to the Defaulting Party or Affected Party (in either case, "Y") in Dollars or any other currency by X or any Affiliate of X under this Agreement or under any other agreement(s), instrument(s) or undertaking(s), any amounts Owed in Dollars or any other currency by Y to X or any of X's Affiliates (irrespective of place of payment or booking office of the obligation) under this Agreement or under any other agreement(s), instrument(s) or undertaking(s).  The obligations of Y and X under this Agreement in respect of such amounts shall be deemed satisfied and discharged to the extent of any such setoff exercised by X and/or X's Affiliates.  X will give Y notice of any setoff effected under this Section as soon as practicable after the setoff is effected provided that failure to give such notice shall not affect the validity of the setoff.  For purposes of this Section, "Owed" shall mean any amounts owed or otherwise accrued and payable (regardless of whether such amounts have been or could be invoiced) as of the Early Termination Date.
Amounts subject to the setoff permitted in this Section may be converted by X into any currency in which any obligation Owed is denominated at the rate of exchange at which X, acting in a reasonable manner and in good faith, would be able to purchase the relevant amount of the currency being converted.  If an obligation is unascertained, X may in good faith estimate that obligation and setoff in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained.  Nothing in this Section shall be effective to create a charge or other security interest except as may be provided under applicable law.  This setoff provision shall be without limitation and in addition to any right of setoff, netting, offset, combination of accounts, counterclaim, lien or other right to which X or any of X's Affiliates is at any time otherwise entitled (whether by operation of law, contract or otherwise).  Each of the parties represents and acknowledges that the rights set forth in this Section are an integral part of this Agreement between the parties and that without such rights the parties would not be willing to enter into Transactions.  Each of the parties further acknowledges that it is executing this Agreement on behalf of itself as principal and, with respect to this Section, as agent on behalf of its Affiliates, which Affiliates shall receive the benefits of this Section and otherwise be bound as if such Affiliates had directly signed this Agreement as it relates to this Section.
(B) Notwithstanding any provision to the contrary contained in this Agreement, the Non-defaulting Party or non-Affected Party, as the case may be, shall not be required to pay to the Defaulting Party or Affected Party any amount under Section 6(e) until the Non-defaulting Party or non-Affected Party receives confirmation satisfactory to it in its reasonable discretion (which may include an opinion of its counsel) that all other obligations of any kind whatsoever (whether pursuant to Specified Indebtedness as defined herein or otherwise) of the Defaulting Party or Affected Party to make any payments to the Non-defaulting Party or non-Affected Party or any of its Affiliates under this Agreement or under any other agreement(s), instrument(s) or undertaking(s), which are Owed as of the Early Termination Date hereof have been fully and finally satisfied.

The following are three areas of questions.

A.  Should a Counterparty effect an assignment of receivables under Section 7(b) for a financing to Bank, what is Enron's "priority" position (assuming Bank has filed a financing statement)?  Is the analysis below correct?

1.  Bank takes receivable assignment under contract subject to Enron setoff rights because Bank would be held to actual knowledge of the express setoff right in the contract under which it is taking the receivables.

2.  Is there any method by which the Bank can prime Enron (assuming Enron has made no public filings) without Enron's written consent?

B.  Assume a master netting agreement is in place.  I believe our assignment provisions protect us and are more prohibitive than the ISDA; however, we may want to expressly cite assignment of receivables rather than the master agreement and transactions "as security".  Please review and advise of any particular language you think should be added.

C.  Do you have any suggested language that we might add to the form 7(b) provision via our schedule, or is it necessary?   For example, adding at the end of 7(b), ";provided, any such assignment shall be made expressly subject [and subordinate] to this Agreement, including, without limitation, all rights of [ENA] under Section 6 and [reference setoff section]."

Item 2.  Can I get any other comments on the revised draft of master netting agreement?

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Please add my name.

Thanks!


To help accomplish our business goals, the following management appointments
are effective immediately:

Tod Lindholm, previously Managing Director - Chief Accounting Officer for
EBS, will move to Corporate as Managing Director and assume responsibility
for Business Risk Management, IT Compliance as well as working on a number of
special assignments for Rick Causey, Executive Vice President - Chief
Accounting Officer for Enron Corp.

John Echols, currently Managing Director - Risk Systems Development for EBS
will assume responsibility for accounting and administration for EBS  as well
as his current responsibilities and will report to the Office of the Chairman
for EBS.

Everett Plante, currently Vice President - Chief Information Officer for EBS
will now  report directly to the Office of the Chairman for EBS.


Mr. Morgan has been asked to recommend to the Section's Nominating Committee
individuals who would be interested in serving on the Council .

The Council members serve a four-year term that will end 2005. The Council
has two regular meetings, one is the MidWinter Leadership Meeting and the
second is held in conjunction with the ABA's Annual Meeting. Members will be
asked to attend occasional conference calls as needed.

Please forward any recommendations or if you are interested in serving,
please forward those to Mr. Morgan, and he will send those on to the
Nominating Committee.

If you have any questions, please feel free to contact Mr. Morgan at
404/249-2050 or at charles.morgan@bellsouth.com or Emily Ward at
404/249-2717 or at emily.ward@bellsouth.com.

Emily N. Ward
Paralegal
BellSouth Corporation
404/249-2717
Fax 404/249-5901
emily.ward@bellsouth.com
Ipager: emilyward@bellsouthips.com


Michelle Cash asked me to forward this script to you.  I will be in touch
with Janette to schedule the most convenient time for filming on Tuesday or
Wednesday, April 9 or 10.  Thanks.

Script

Quarterly Mandatory Office Move Policy
Location:  The Construction Site

Props:  Substitute Building Guy in Building Guy Attire (Hard Hat, tool belt),
Mark Haedicke with Hard Hat and Blazer

Script

ENA Lawyer in an Obsequious Voice:  Hey, Substitute Building Guy, I,m with
ENA Legal and I,ve had four office moves this past year because of
construction on our floor.  Please, please tell me that when we move to the
new building, I won,t have to move offices ever again.

Substitute Building Guy (with Mark Haedicke standing next to him):  Well,
good news, I can promise you that new building will be Enron,s state of the
art and Jeff Skilling has mandated that there won,t be any more construction
in the new building for at least 2 years after it opens.  But as for whether
you,ll be moving offices again, I think I better let your general counsel,
Mark Haedicke address that question.  Mark.

Mark Haedicke in a dry, public service announcement deadpan:  Thanks,
Substitute Building Guy and thank you [lawyer,s name] for your question.
[Lawyer,s name], as you pointed out, you have had to move 4 times this year
and although you may feel it,s been disruptive, your office moves and those
of your colleagues have produced some very valuable unintended consequences
that we want to continue enjoying: first, constant office moves promote
increased collegiality; second, constant office moves ensure that ENA Legal
remains at the "cutting edge of Enron's document retention policies"; and,
third, constant office moves have dramatically reduced our outside counsel
litigation fees since we have no documents to produce during discovery
requests.  As a result, I am pleased to announce our new "quarterly office
move policy".  Our new quarterly office move policy will continue to promote
the foregoing objectives and, in fact, I intend to suggest to Jim Derrick at
the next general counsel,s meeting that we implement this policy on a
corporate basis.  Remember, we may be done with construction, but we,ll never
be done moving.

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.


Tickets are free.   I don't think we'll need binoculars-seats are on floor.
Enjoyed helping you over the week-end-that's what friends are for-at least
where we came from.  The flowers you sent me are beautiful .. All of my
favorites-gerber daisies and liliies.  You didn't  to do that with all of the
furniture you gave me.  By the way-are your legs killing you.  My calves hurt
like hell-think it's from going up and down the stairs barefoot on Saturday.
I think your decorator was a little disappointed in all of the progress we
made.-he probably thought you would want to hire help.  Can't believe he
didn't say anything about all of the beautiful glas syou have.  Hey-we may
want to thin about putting one of your big mirrors in your purple/black
bedroom next to the TV hutch-nearthat corner instead of in the purple/green
room.


Hi Tom:

Thanks for the prompt  and accurate evaluation of what MODREG does.
I know about you leaving Enron and what your schedules looks like, so I think I will try to make the best use of time and resources in order to have an SDDP model up and running for Argentina.
In the meeting we had with Vince K.,  and  after reviewing the calibration exercise  run with MODREG we have decided to:
1. Set up the Argentinean system into the SDDP  model
	* I would like to know what information you need in order to get this done
2. Run the calibration exercise with the SDDP model in order to compare results.
	* Feed the model with actual data (hydro generation, Exports) from January to June and get the output for Prices, Thermal Generation, Exports/Imports

Please find attached the presentation regarding MODREG and the calibration results.

I will be talking to the consultants in order to get more information in some topics we need further research such as. Transmission losses, forced dispatched units and gas availability.

Please contact me so I can start gathering all you need to get the model running

Regards

Jorge Gumucio

From:	Tom Halliburton/ENRON@enronXgate on 09/28/2001 02:29 PM CDT
To:	Remi Collonges/SA/Enron@Enron, David M Rosenberg/SA/Enron@Enron, Jorge Gumucio/SA/Enron@Enron
cc:	Vince J Kaminski/ENRON@enronXgate, Zimin Lu/ENRON@enronXgate

Subject:	ModReg for Argentina

Folks,
Here's some preliminary comments on the model we are using for Argentina.  Please correct me on any misunderstandings!

ModReg was written by consultants in Buenos Aires.  Documentation is available in Spanish only.  All data input is by means of text files, which require column orientated input, ie numbers must go into specific columns.  Detailed documentation has been provided specifying the data format for each file.

A weekly time step is used, with five load blocks per week, and a time horizon of one year, typically.  Each model run requires about 6 hours of processing.

ModReg is a modified version of the model used by the grid operator.  It is coded in Fortran and requires a CPLEX licence.  CPLEX is a powerful linear programming solver, developed by ILOG.  As the model is written in Fortran, the very good higher level interface to CPLEX is not available, so the code will have to access CPLEX at a lower level.

We have no documentation describing how the model algorithms.  Source code is not available at present.

ModReg appears to model around 30 busses and 71 lines.  Lines are characterised by from bus number, to bus number, maximum MW capacity in each direction, a percentage  loss factor, cost of transmission in each direction, and some other details.  Demand data is specified by week and load block for each bus.  Thermal plants have a heat rate and maintenance schedule specified, with the possibility of multiple fuels. I understand that hydro generation schedules for each historical inflow condition are an input to the model as they are calculated elsewhere.

From the above it appears that we have an unsatisfactory situation:
	ModReg is difficult to use
	we do not know in detail what the model does
	we do not have documentation describing the algorithm
 	because source code is not available, we are completely dependent on the consultants.

If Enron is to continue modeling Argentina, we should as a minimum have a model that we understand, is reasonably easy to use, and is documented.  A graphical user interface is really needed to make ModReg easier to use.  Documentation is of course essential.  We should not use a model developed by consultants without documentation.  These steps would enable us to have more confidence in model results, and shortens the learning curve to enable more people to use model.

SDDP is likely to be a suitable replacement.  It would require reseroir inflow data rather than the calculated generations.  The regional loads etc could be modeled using the DC loadflow feature, with zero impedance lines.  Transmission losses in SDDP are a quadratic function of power flows, so some guesses would have to be made for line resistence values.  Setting up an SDDP model to represent all the aspects included in ModReg would be a time consuming job, that would require a good undertanding of the data for both models.  Some direct cut and paste of data from one model's files to the others will be possible with a suitable column oriented text editor.  However the end result would be a model with the desirable attributes of documention, GUI interface, and flexible output.

Tom Halliburton


Attached is an updated PR and IR Department contact list for use through this weekend.  It includes additional information for Beth Tilney.

Thanks.


YOU GO, GIRL!!!


Trade Show


To foster  greater team spirit and communication, I would suggest two
things:  1.  Try to create an environment where ALL critical and important
information about the company and its future (including legal, financial,
commercial and employee benefit information) is shared equally with the
entire officer group.  I personally believe that it hurts morale when bits
and pieces of critical information are distributed to only a select few
within the officer group.  If the entire officer team is trusted with
sensitive information, you will get a much stronger team effort from the
collective group----and you will avoid situations where "knowledge is power"
between those who are in the know and those who are not.  2.  Consider
establishing a chief of staff position within EOTT to assist Dana with
keeping everything "tied together."  Dana cannot be everywhere at once, and
his focus should probably be on the commercial side, so he would probably
benefit greatly from having one individual responsible for staying on top of
everything else.  The individual could keep Dana updated on all support
sections, keep him focused on critical issues within those areas, and, in
certain instances, carry out Dana's directives with respect to the various
support sections.  The chief of staff would also be responsible for making
sure that all officers are "in the know."  My suggestions, for what they're
worth.  SWD

	Stanley Horton@ENRON
	Sent by: Cindy Stark@ENRON
	06/30/2000 08:30 AM

		 To: Mary Ellen Coombe/Houston/Eott@Eott, David Hultsman/Houston/Eott@Eott,
Lori Maddox/Houston/Eott@Eott, Steve Myers/Houston/Eott@Eott, Susan
Ralph/Houston/Eott@Eott, Cutty Cunningham/Houston/Eott@Eott, Steve
Duffy/Houston/Eott@Eott, Jon Trevelise/Houston/Eott@Eott, Dana
Gibbs/Houston/Eott@Eott
		 cc:
		 Subject: THANK YOU

Thanks for your support and leadership over the past couple of weeks.   I
believe the future is bright for EOTT if we can all pull together as one team.

I'd love to hear of any suggestions you may want to share?

Stan


You have received this email because you are listed as a data approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000076513&Page=Approval to review and act upon this request.

Request ID          : 000000000076513
Request Create Date : 11/19/01 8:37:30 AM
Requested For       : scott.tackett@enron.com
Resource Name       : Sitara Houston Production Central Edit Deal Compliance
Resource Type       : Applications


Kate, have we started using this brokerage firm yet.  If so, do you have any
phone numbers to contact them?  Also, do you know how we are going to confirm
their trades?

Thanks


Dear Elizabeth:

Here are several sections of the current protocols.   These are from the ones
filed Jan 5, 2001 and from what i understand are the ones that were adopted
by the PUCT.   You may want to verify that with Jean Ryall

Section 16.2.5 is the credit section.  I will send you the other information
soon.  This is just to start you off.

Regards,

Smith Day


This trade is good, but entered late. Deal # is 500534.

Evelyn Metoyer@ENRON
01/18/2001 02:42 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing Matt Motley deal

Per Prebon:
Matt sold to Public Service of Colorado 25 mw of Q4 PV at $150.00


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Top Stories (January 3)

CALIFORNIA GOVERNOR URGES US COURT TO REVERSE FERC POWER MARKET ORDER
California Gov. Gray Davis has joined in support of a utility effort to
reverse a federal regulatory commission order that relies on market forces to
fix the state's flawed competitive power market.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/03/eng-djn/eng-djn_162032_178_333755524363

REGULATORS CONSIDER GRANTING RATE INCREASES TO CALIFORNIA UTILITIES
State regulators are expected to release a proposed ruling today that would
grant a temporary rate increase to the state's two largest electric
utilities, without giving them as much as they wanted.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/03/krtbn/0000-0442-SJ-UTILITY-RATE

BUSH APPOINTS ABRAHAM SELECTION OF MICHIGANIAN AS ENERGY SECRETARY COMES AS
BIG SURPRISE ON HIS LAST DAY IN SENATE
U.S. Sen. Spencer Abraham of Michigan, a GOP loyalist and policy wonk,
emerged Tuesday as George W. Bush's surprise pick for energy secretary, a
position the president-elect has called a priority to avert an energy crisis.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/bellsupe
r/2001/01/03/DTNS/0000-6654-KEYWORD.Missing

DANOIL ENERGY LTD. COMPLETES ACQUISITION OF BASINVIEW
Danoil Energy Ltd. announced that its wholly-owned subsidiary has taken up
and paid for, in the aggregate, approximately 6,731,159 common shares and
1,670,000 preferred shares of Basinview Energy Inc.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/intltele
data/2001/01/03/eng-intlteledata/eng-intlteledata_101928_17_6691293064505

EXTENT OF NORTHWEST POWER CRUNCH HAS EXPERTS GUESSING
The Northwest's Emergency Response Team, intent on assessing the severity of
the electric power crunch in January, pounded away at the available data
Friday but failed to nail down an acceptable estimate.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/03/krtbn/0000-0375-PO-POWER

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DOW JONES NEWSWIRES
----------------------------------------------------------------------

Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Calif Gov Urges US Court To Reverse FERC Power Mkt Order

EEI:US Elec Output Report For Wk Ended Dec 30 Due Out Thu

Singapore/Keppel/Southern -2: Expands Asian Presence

Singapore/Keppel/Southern -3: Stake In Power Barges

Keppel Fels To Buy 10% Of Southern's Philippine Ops

Singapore's Keppel Fels, Southern Energy In JV

Keppel Fels To Pay US$164 Mln For Philippine Ops

Con Edison Reactivates Indian Point 2 After Nearly A Year

Calif PUC, Gov Seen Making Big Energy Announcements Wed

Calif Gov To Call Energy Special Session Wed After All

Calif Wood-burning Power Plants Deal With Own Fuel Crisis

Calif PUC Likely To Give Utils Interim Rate Hike -Source

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
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1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Wholesale Prices for Natural Gas Reach Record Highs; Customer Bills to Rise
Significantly in January, Exceeding Initial Estimates

C&D Technologies Appoints General Manager for Motive Power Division

Rate Cuts Give Energy Room to Breathe

Electric Bills May Jump 20%

Azcentral.com - Energy Shares Down Despite Broader Rally

Woodside Invests in Ocean Power Technologies

Clx Energy, Inc. Announces Densmore Field Purchase in Norton County, Kansas

Extreme Energy Corp - Private Placement

Transportation And Housing Woes Eclipse Everything Else; Internet Use
Spreading; Energy Crisis Expected

California's Power Woes Partially Its Own Fault

US Press: Bush's Energy Secretary Pick Sought to Kill DOE

Repeats: Energy Volume And Open Interest Totals-Jan 3

Letters to the Courier & Press: Needed: Coal-Burning Plants

Pemberton Energy Ltd - Management Discussion

Calif. Braces for Power Rate Hike

SCE&G Customers Set New Winter Record for Electricity, Natural Gas Use

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
for Wednesday, Jan. 3, 2001

Power Sales to Benefit Company And Ratepayers

Natural Gas Reserves Dip to Lower Levels

Top Energy Summaries - Wednesday, January 03, 2001 - 11:43 Am

Agreement Reached to Continue Operations of Grande Cache Power Station

Kinder Morgan Energy Partners Acquires Additional 50% in Colton Transmix
Facility

Natural Gas Traders Gives Thumbs Up to Tradewell Systems' Excellerat Or; Over
35 Natural Gas Traders Agree to Use Excellerator Prior to Its Release Late
January 2001

Firstenergy Corp. Subsidiary Signs Energy Services Contract with The
University of Akron

Pantellos Open for Business, New Year Brings New Era to Utility And Energy
Industries

NCE Energy Trust Enters Into Agreement To Purchase $23.8

Danoil Energy Ltd. Completes Acquisition of Basinview

Enhanced Energy Services Ltd - Strategic Alliance And Exclusive Distribution
Agreement with Aurion

N.C. Municipal Power Agencies Reduce Debt

Top Energy Summaries - Wednesday, January 03, 2001 - 9:33 Am

Energy Search, Incorporated Appoints New Chief Operating Officer

American Electric Power Selects Novient Eservices for Its Internal It
DepartmentLeading Energy Provider Licenses Novient's Proven Spo Solution for
Its Project Management Needs

Severn Trent Systems to OEM Broadbeam Corporation's Expressq(TM) As Part of
Its Worksuite(TM) Mobile Solution for UtilitiesThe Partnership Finds Early
Success with Utility Companies

3tec Energy Corporation Announces Acquisition of Classic Resources Inc.

Top Energy Summaries - Wednesday, January 03, 2001 - 7:57 Am

Beacon Power Places Follow on Order for Satcon Technology's `UPS Suite' of
Power Electronics

Once Again, the Energy Game

'Interim' Boost in Power Bills Likely / Puc Vote Tomorrow: Regulators Lean
Toward 15% to 20%

Energy Secretary / California Wants Abraham's Ear / But It's Unknown If He
Can Ease Power Woes

Matier & Ross ; Hefty Taxpayers' Tab Tempers Raiders Fever / State Energy
Crisis Has Elected Officials Scared Shirtless

State Vetting 'Peaker' Power Plant Near Sfo / Temporary Site Gets Less
Stringent Pollution Rules

Amerenue Powers Up on Altris Eb; Nuclear Power Plant Uses Altris' Document
Management System to Guarantee Regulatory Compliance

Ocean Power Corporation Adds in-House General Counsel to Team

Utilities' E-Business Plans on Track; Energy Procurement, Customer Contact
Among Top Priorities, Chartwell Study Finds

Balance of Power Energy Crisis in California Leaves Its Mark on Two;
Northwest Fixtures During A Year of UPS And Downs

Global Water Technologies Announces Record $65 Million in Contracts &
Substantial Power Industry Backlog

Bush Appoints Abraham Selection of Michiganian As Energy Secretary Comes As
Big Surprise on His Last Day in Senate

Hornet Energy Ltd - Completes Private Placement of 400,000 Flow Through Shares

Next-generation Car Project Likely to Fuel Vehicle Race

Calif. Power CO. Fears Cash Loss

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I N T E R N A T I O N A L
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Access stories online at: http://www.powermarketers.com/pma-intr.htm

Transglobe Energy Corporation Exploration Update, Block S-1, Republic of Yemen

Top Energy Summaries - Wednesday, January 03, 2001 - 4:53 PM

Energy Subsidy to Benefit 1.24 Millon Guatemalans

Germany: DaimlerChrysler to Invest $Us940 Million in Fuel Cell Technology

Top Energy Summaries - Wednesday, January 03, 2001 - 2:04 PM

Bolivia: Growing Natural Gas Exports

Brazil: Coteminas Invests in Hydroelectric Power Facility

Wattpower to Market Magnetek-Powered Energy StationsPact Expected to
Accelerate Magnetek's Move Into European Telecom Markets

Snowfall Not 'Force Majeure' When Causing Power Cuts

Vestas in Negotiations for Major Wind Turbine Contract

Tanzania Suspends Power Rationing

Mitsubishi Chooses Calico to Form International B2b Exchange for The Power
IndustryCalico Market Maker to Link Buyers And Suppliers in First
Japanese-Based B2b Marketplace for Power Plant Equipment

Southern Energy Forms Partnership with Keppel Fels Energy - Expanding
Singapore Operations

Cbe Will Supply Turbines to A Power Station in The Congo

Northern India's Power Supply Returns to Normal

North India Plunges Into Darkness As Power Grid Fails

Board of Directors of Huaneng Power Int'l Approve Share Issue

Pakistan's Balochistan Implements Renewable Energy Sources

Energy Group Launches Image Offensive

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Tucker County, W.VA., Wind Power Project Gets Approval from Commission

33 West Virginia Water Systems Issue Advisories

Electricity Competition Off to Slow Start for Washington, D.C., Residents

Twin Falls, Idaho-Area Water Authority Increases Water Conservation Efforts

Utility Prices Continue to Increase in Tallahassee, Fla., Area

Pacific Gas & Electric Says Parent Firm Can't Offer Financial Help

Regulators Consider Granting Rate Increases to California Utilities

Approval Likely for Temporary Power Plant at San Francisco Airport

Cutback in Conservation Contributed to Current Energy Crunch in California

Environmentalists Push for California to Increase Energy-Conservation Efforts

Extent of Northwest Power Crunch Has Experts Guessing

Richland, Wash., Laboratory Fires Up New Research on Fuel Cells

California Utility's Ad Campaign Has Mixed Success

Waterford, Conn., Residents Get to Inquire About Nuclear Plant's Fuel Rods

Kansas City, Mo., Energy Company Calls Off One Merger, Pursues Another

Energy Company Wants Tax Cuts for Contra Costa County, Calif., Power Plants

The Business Press, Ontario, Calif., Guest Column

High Natural Gas Prices Force Firm to `Idle' Beaumont, Texas, Methanol Plant

-Kentucky Utility Terminates Two Natural Gas Providers from Low-Rate Program

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

UPDATE 2-Con Ed sees Indian Pt 2 N.Y. nuke at full in a week

Lisbon shares slip on Nasdaq woes, utilities help

Ruling slows French power liberalisation plans

Gener stock to be suspended in New York

Rat blamed for Florida outage linked to fatal crash

US FERC meeting on California power contracts continue

UPDATE 1-Con Ed returns Indian Pt 2 N.Y. nuke to service

Empire District drops as uncertainty ends merger

N.Y. Governor seeks more power over electric prices

Canada natgas drops with weaker U.S., warming temps

Toronto stocks lower at midday on weak techs

Calif. utility shares tumble after rate hike plan issued

NiSource ups quarterly payout to $0.29/shr

BP settles Alaska royalty case for $34 million

UPDATE 1-Williams to match or beat 2001 estimates

Nu Horizons profits more than triple

Regular power supplies to north India from Thursday

BC Hydro says California energy spat unresolved

Rate hike for Calif. utilities decision seen Wednesday

UPDATE 1-Iberdrola, Fenosa in Morocco power contracts

FEATURE-Beverage industry abuzz about energy drinks

Singapore delays 3G auction, sweeteners likely

Indonesia's PLN says OPIC rejects $240 mln offer

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