The New York City Marathon will take place as scheduled on Sunday, November
4, 2001. The following are items of special interest:

HOTELS
Prices have been reduced at selected New York City Hotels. Please check
www.nycmarathon.org for complete hotel and airline information.

FINISH LINE BANQUET
The 2001 New York City Marathon Finish Line Banquet will be held at Tavern
on the Green, West 67th Street and Central Park West, from 10:15 a.m. to
3:00 p.m. on Marathon Sunday, November 4. It includes champagne brunch,
gourmet cuisine, open bar, VIP seats at the Finish Line, and large-screen
broadcast of the entire race live on WNBC. RSVP by October 19 to Amanda
Landers at 212-423-2284 or amandal@nyrrc.org. Click here
[www.nyrrc.org/nyrrc/mar01/info/flbanquet.html] for the Internet
registration, download our printable form, or call 212-423-2284.

EXPO
The New York City Marathon Expo is moving from its previously announced
location at Pier 94 because the City of New York is using this space in
connection with the World Trade Center disaster recovery effort. The new
Expo location has yet to be determined. Please stay tuned to
www.nycmarathon.org for an announcement of the new location.

PONTIAC COMEBACK RUNNER OF THE YEAR
This year Pontiac and New York Road Runners present the Comeback Runner of
the Year Award. This annual award honors two runners, one elite and one
recreational, who have come back from adversity to compete in the 2001 New
York City Marathon.

In addition to presenting the winner a beautiful trophy produced by Tiffany
& Co., Pontiac will donate $1,000 in the winners' names to the Twin Towers
Fund.

Your entry should explain, in 100 words or less, the challenge you
overcame. Please include your daytime phone number with your entry.

All entries must be received by October 9, 2001.

Entries can be submitted via the New York City Marathon web site at
www.nycmarathon.org, or via mail to Comeback Runner of the Year, c/o NYRR -
Michelle Doti, 9 East 89th Street, New York, NY 10128.

AND ONE FINAL MESSAGE
As always, the safety of the participants, spectators, staff, and
volunteers in the New York City Marathon is of paramount concern to both
the City of New York and New York Road Runners. We cannot publicize the
details of the security effort, which is provided by local, state, and
federal agencies. In light of the recent terrorist attacks, it will be even
more encompassing than usual.

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


Grant,

I agree. We shall give him an offer of a job in Houston (on the terms
we discussed with)  plus an option to stay in
London, if he does not like Houston.  His choice. I think we extended a very
generous offer to him
and he may have an excessive perception of his contribution to Enron.

Vince

	Enron North America Corp.

	From:  Grant Masson                           08/09/2000 02:41 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Houston Research Opportunity: Anjam's plight

Vince:

I got the following note from UK HR after had a call from them earlier
today.  I told them that the deal you and I communicated to Anjam was firm
and not negotiable (with the exception of the issues regarding the flat
rental).  Apparently, Anjam is trying to play hard ball.  What's your
commitment to Anjam?  Should we explore a package deal? My vote is no.

Grant.

Tara Rozen
08/09/2000 12:17 PM
To: Grant Masson/HOU/ECT@ECT
cc: Melanie Doyle/LON/ECT@ECT
Subject: Houston Research Opportunity

Grant

Unfortunately, we were unsuccessful in our attempt to convince Anjam that he
should transfer on a local US package. The difficulty is not so much the
compensation and benefits, it seems more to do with the actual job and
long-term prospects. He will only, therefore, commit to 12 months and only on
assignment terms.

We explained to Anjam the rationales for transferring locally, ie not just
cost but equitability among his peers. He is convinced that his skills and
Enron knowledge are valueable enough to warrant an assignment rather than a
local deal. Also, he was apparently told by Vince that it was impossible for
you to find a local hire for this role as you were not paying the market
rate.

Would you like to move further with this? If so, we can put together costs
for you for a 12 month assignment and see what you think. I am out tomorrow
but back in on Friday and could do it for you then.

Let us know!

Regards
Tara
---------------------- Forwarded by Tara Rozen/LON/ECT on 09/08/2000 18:14
---------------------------

Melanie Doyle
08/08/2000 13:07
To: Tara Rozen/LON/ECT@ECT
cc: Madeline Fox/LON/ECT@ECT

Subject: Houston Research Opportunity

Tara,

Can we discuss tomorrrow?

Thanks
Mel
---------------------- Forwarded by Melanie Doyle/LON/ECT on 08/08/2000 13:04
---------------------------

	Enron Europe

	From:  Anjam Ahmad                           08/08/2000 12:08

To: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
cc: Melanie Doyle/LON/ECT@ECT

Subject: Houston Research Opportunity

Dear Vince & Grant,

Thanks very much for the offer to go to Houston as a Manager to work with
Tanya Tamarchenko on VAR and credit risk within the Houston Research Group,
as we discussed on the phone yesterday.  I felt that it would be useful to
bring Melanie Doyle, my HR rep, into the equation.  I met Melanie this
morning to discuss the issues with respect to taking up the offer in
Houston.  I explained that the interest for this opportunity is mutual, mine
from a career progression perspective and Houston Research's to fill an
urgent need.  Melanie, having had experience with these transfers before, has
kindly agreed to help out from an HR perspective, probably involving some of
the London/Houston team that are usually responsible for these situations.  I
expect that you may receive a call from either Melanie or a foreign
assignment representative in the near future.

I would like to re-iterate my interest in the opportunity, but would like to
make a counter-proposal for the form of the contract; I would like to make
the suggestion that we make this opportunity a one-year assignment working
with Tanya, and then re-evaluate the situation at the end of the year in
terms a new role for me in Houston thereafter, subject to mutual agreement.
The alternative situation of resigning from Enron Europe and re-joining Enron
Corp is too dramatic and requires me to "burn bridges" and my return to Enron
Europe would be difficult.  Also, I would lose the valuable support
structures available to me in London.  The amount of any fixed costs
(flights, modest cargo, a few months of mortgage carrying cost) are entirely
reasonable, not excessive given my single status and not so great that they
justify making the contract a three year (local) one.

I would expect that on the basis of almost 3 1/2 years solid experience &
value-added at Enron Europe, the value of several million pounds I have
identified & justified to external auditors for Enron Europe this year and an
"Excellent" rating (my fourth making my 3 1/2 yr average rating also
"Excellent"), I could reasonably be expected to justify a fair deal (i.e. my
existing Enron Europe salary & benefits package plus a reasonable one-off
allowance to cover unavoidable additional personal expenses).

Regards & thanks again for the opportunity,

Anjam
x35383


She changed it to price 360.00

Thanks,
Kate

Melissa Ann Murphy
03/07/2001 01:34 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 537565.01

Hi Kate, Lindy Conrad a trader from Seattle City Light called me today.  She
thinks the price for deal # 537565.01 should be $360.00 instead of $350.00.
She said that Sean Crandall was our trader.

Let me know what you find out.
Thanks,
Melissa


For December 21, 2000 activity, I reported  a weighted average price of
$10.77 for all activity at NGPL Nicor.

The following Chicago Midpoint Pricing was reported to Gas Daily:

December 21, 2000  $10.77

December 22, 2000  $15.76

The December 22, 2000 midpoint reflected a weighted average price for flow on
gas days December 22-26, 2000.  The reason for the lengthy trading period was
due to Nicor Gas Company being closed on Friday, December 22, 2000, as
opposed to December 26, 2000 ( the majority of the companies recognized
December 26, 2000 as the holiday).

Nicor Gas Company made the decision to buy additional gas on December 22nd
for flow on December 23-26, 2000.  Since I did not trade incremental volumes
for this time period, I reported the same prices and volumes that I had
previously traded  for this time period.

I did receive several phone calls from other marketing companies expressing
concern that Gas Daily was going to come out with a new posting for the
December 22-26, 2000 time period, when in fact, the incremental volume that
Nicor purchased made up a small percentage of  the total volume for that time
period.   I phoned Dave Behrman at Gas Daily to determine if this were true,
and he replied that they would make a decision once they gathered all third
party information.


Fritz vonBrunneck, a second year law student in Germany is visiting ENA -
Legal for several weeks.  His location is EB3876C.  Please stop by and
introduce yourself to Fritz.

Thank you,

Julia Heintz Murray
Enron North America Corp.
1400 Smith Street, EB3835
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 06/05/2000
08:48 PM ---------------------------

	From:  Chris Meyer                           06/05/2000 02:10 PM

To: Julie A Gomez/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
cc:
Subject: EOL Meeting

Okay - let's try this again.  The meeting is scheduled for tomorrow, Tuesday,
at 2:30 p.m. in room EB3125B.  I know that there are some conflicts with this
time, but it's the closest time slot that is convenient for all.

chris
x31666


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
05:21 PM ---------------------------

Pinnamaneni Krishnarao
04/05/2001 01:24 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Gutenberg presentation - revised

FYI.


Jeff Ader is looking for a reserved parking spot.  He is presently parking on
the Blue level and would like to have a reserved spot due to his frequent
traveling and customer appointments that warrant his leaving the building,
thus loosing his parking space.

Thank you in advance for your prompt attention to this matter.

Regards,

Kay   3-0643


Attached is a draft outline of Jan Smutny Jone's  Statement/Comments for the
FERC Hearing on Thursday, November 9 to address the  California
Report/Order.?
?
A conference call is scheduled for 9:30  a.m. (PST) on Wed., Nov 8 to discuss
the draft outline.
?
??? ???  Call-In Number??? ??? ???  888/476-6127
???????  Participant  #???????????????111756
?
?
Note, as the Hearing is Thursday, we are working in  real time to finalize
this Statement.? This is a work in progress.?  IEP will be translating the
draft outline into prose continually between now and  Wed noon, when we hope
to finalize the Statement.
?
As a point of reference, building off the IEP  Workshop we held last Friday,
IEP is moving forward to develop detailed comments  for the FERC proceeding
on California market structure matters? These  comments are due Nov. 22.? We
anticipate these Comments to be detailed  (e.g. 20-50 pages).
?
This Statement for the FERC Hearing on Thursday is  building off of the
discussion during the IEP workshop.? The Statement is  expected to be 5-10
pages, therefore by necessity it will be less substantive  and exhaustive as
the Nov 22 filing.? We are attempting to hit the 'high  points" and provide a
framework for FERC to (1) consider the specific details of  their proposal,
and (2) address certain FERC/state matters regarding roles and
responsibilities.
?
We will be developing "talking points" as well, but  these will be driven by
the overall Statement.
?
Talk to you tomorrow.
 - 001109_Statement of Jan Smutny.v3  SKK mark up.doc


-----Original Message-----
From: 	"J&J Zufferli" <jzufferli@home.com>@ENRON
Sent:	Friday, August 10, 2001 10:07 AM
To:	Zufferli, John
Subject:	Fw: Windows Haiku

This is kinda funny.  love, jess
----- Original Message -----
From: "Virginia R Canright" <Virginia.R.Canright@grc.nasa.gov>
To: <wrsmith@u.washington.edu>; <anne@mbay.net>; <dcanright@nps.navy.mil>;
<david_canright@richards.com>; <jzufferli@Home.Com>
Sent: Thursday, August 09, 2001 10:59 AM
Subject: Fwd: Windows Haiku

> Maybe you guys have all seen this missive already, but it was new to me
> today.  I thought some of these lines were funnier than any of the awful
> jokes that get forwarded to me.  (But if you don't think so, I apologize
> for filling your inbox unnecessarily.)
>
> virge
>
>
>
>
> >>>>Subject: Windows Error Message Haiku
> >>>>
> >>>> >Tokyo, Japan, May 20 - Sony has announced its own computer operating
> >>>> >system now available on its hot new portable PC called the Vaio.
> >>>> >Instead of producing the cryptic error messages characteristic of
> >>>> >Microsoft's Windows and DOS systems, Sony's chairman Asai Tawara
> >>>> >said, "We intend to capture the high ground by putting a human,
> >>>> >Japanese face on what has been -- until now -- an operating system
> >>>> >that reflects Western cultural hegemony. For example, we have
> >>>> >replaced the impersonal and unhelpful Microsoft error messages with
> >>>> >our own Japanese haiku poetry." The haiku messages are just as
> >>>> >informative as Microsoft's and they make you pause just long enough
> >>>> >that you're able to fight the impulse to put a fist through the
> >>>> >screen. The chairman went on to give examples of the error messages:
> >>>> >
> >>>> >A file that big?
> >>>> >It might be very useful.
> >>>> >But now it is gone.
> >>>> >
> >>>> >You seek a Web site.
> >>>> >It cannot be located.
> >>>> >Countless more exist.
> >>>> >
> >>>> >Chaos reigns within.
> >>>> >Stop, reflect, and reboot.
> >>>> >Order shall return.
> >>>> >
> >>>> >ABORTED effort:
> >>>> >Close all that you have worked on.
> >>>> >You ask way too much.
> >>>> >
> >>>> >Yesterday it worked.
> >>>> >Today it is not working.
> >>>> >Windows is like that.
> >>>> >
> >>>> >First snow, then silence.
> >>>> >This thousand dollar screen dies
> >>>> >So beautifully.
> >>>> >
> >>>> >With searching comes loss.
> >>>> >The presence of absence.
> >>>> >"June Sales.doc" not found.
> >>>> >
> >>>> >The Tao that is seen
> >>>> >Is not the true Tao
> >>>> >Until you bring fresh toner.
> >>>> >
> >>>> >Windows NT crashed.
> >>>> >The Blue Screen of Death.
> >>>> >No one hears your screams.
> >>>> >
> >>>> >Stay the patient course.
> >>>> >Of little worth is your ire.
> >>>> >The network is down.
> >>>> >
> >>>> >A crash reduces
> >>>> >Your expensive computer
> >>>> >To a simple stone.
> >>>> >
> >>>> >Three things are certain:
> >>>> >Death, taxes, and lost data.
> >>>> >Guess which has occurred.
> >>>> >
> >>>> >You step in the stream
> >>>> >But the water has moved on.
> >>>> >Page not found.
> >>>> >
> >>>> >Out of memory.
> >>>> >We wish to hold the whole sky,
> >>>> >But we never will.
> >>>> >
> >>>> >Having been erased,
> >>>> >The document you are seeking
> >>>> >Must now be retyped.
> >>>> >
> >>>> >Serious error.
> >>>> >All shortcuts have disappeared.
> >>>> >Screen. Mind. Both are blank.
>
>
>                                      ******************************
>                                      "Never attribute to malice
>                                       that which is adequately
>                                       explained by stupidity."
>                                                  ... Hanlon's Razor
>                                      ******************************
>


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Dear Enron Employee:

Houston Ballet is presenting The Nutcracker through Sunday, December 30.  The production has been hailed by the Houston chronicle as "the crown jewel of holiday entertainment," and is a perfect introduction to the world of ballet for families and audiences of all ages.  Enron has been a long-time supporter of the Ballet, and we would like to thank you with a special invitation from Houston Ballet and TicketMaster for discount tickets to The Nutcracker.

Click on the following links below to receive a 25% discount on tickets to any of the selected performances of The Nutcracker.

To place your order, click on the link below to choose your day and time.  When requesting your tickets, you may choose from best available seats or a specific section, however, all ticket prices may not be available.  Ticketmaster service and handling charges will apply to your order.

Your company code is: NUT1.

Happy Holidays and enjoy Houston Ballet.

Performance Dates and Times:

Wednesday, December 26 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345C3DE86FB&event_code=EHL1226

Thursday, December 27 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345D10FB243&event_code=EHL1227

Saturday, December 29 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDB2A7A1&event_code=EHL1229M

Sunday, December 30 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDDBA7F9&event_code=EHL1230M


I'm not sure that thor understands dollars flowing with risk.  What should we
do with him?
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
12:31 PM ---------------------------

Brent A Price
09/29/2000 12:58 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re: 10 Year Kotka deal

fyi - it doesn't sound like the weather piece of the Oslo long-term deals is
going to have much value.  We are still trying to get that value from Oslo
and ensure that the weather risk is captured appropriately in EGM risk
books.  I will keep you updated.
---------------------- Forwarded by Brent A Price/HOU/ECT on 29/09/2000 12:56
---------------------------

Thor Lien
26/09/2000 23:40
To: Brent A Price/HOU/ECT@ECT
cc:
Subject: Re: 10 Year Kotka deal

Brent

This deal was done as a Power game and when we split it, the main value will
be on the power book, so don't calc on anything substantial on this

Thor

Brent A Price
26/09/2000 20:11
To: Thor Lien/OSL/ECT@ECT
cc:

Subject: Re: 10 Year Kotka deal

Thor - We are going to meet with Jeff Shankman on Thursday to discuss 3rd
Quarter earnings.  If we can get an idea by then of the value associated with
the weather piece of the Kotka deal it would be helpful.  Call me if you have
any concerns regarding this request.  Thanks for your help.

Thor Lien
25/09/2000 23:41
To: D Todd Hall/HOU/ECT@ECT
cc: Bjarne Schieldrop/OSL/ECT@ECT, Brent A Price/HOU/ECT@ECT
Subject: Re: 10 Year Kotka deal

Todd

We haven't finalised the strip out of the remaining weather risk from the
power book, but we will surely send that over as soon as we have done it

Thor

	From:  D Todd Hall                           26/09/2000 01:21

To: Bjarne Schieldrop/OSL/ECT@ECT, Thor Lien/OSL/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT

Subject: 10 Year Kotka deal

Bjarne and Thor,

Thanks for the confirmation and other information that you provided on this
deal.  I still need the associated P&L and Weather Risk transferred from the
Nordic Power books to the Weather book.

It is imperative that this be done immediately from a Risk controls
standpoint not to mention the fact that Quarter-end is fast approaching.
Please call or e-mail so as to update me of your progress.

Thanks,
Todd


Mirant and Duke Pull In

Mirant and Duke are trying to shut down Gary Ackerman of the WPTF.  This
appears to be coming directly from Gov Davis.  Mirant admitted that Gov Davis
had pressured them to shut down Gary (presumably as part of Mirant's recently
completed negotiations over a long-term power sale). Mirant said it may be
leaving WPTF if it doesn't get its way.  Reliant was also talking general
caution.  So far, the majority of WPTF members are holding firm.  Gary will
continue his outreach with media but curb the use of any inflammatory
language.

Reliant's FallOut From Advertising

Reliant has run a bit of image advertising in CA in a few newspapers.  They
were contacted by an organization that supposedly represents black-owned
newspapers. The organization will begin running a campaign against Reliant
saying the company is racist and should be boycotted.

Direct Access and the Dems (through Alliance for Retail Markets contacts)

The Governor's office has said that "you'll get direct access, but you won't
like it" and mentioned requiring DA customers to pick up $3.5 billion in
"overcharges"  --  "You people wanted deregulation and are responsible for
the way it turned out, so now you have to pay for it."  Sen. Burton(Majority
Leader) said that its "too soon" for direct access. And Sen. Bowen's (chair
Senate Energy Com) energy advisor said "There will never be an unfettered
right to direct access, so don't keep pushing for it." AReM will step up
efforts to educate the Dems and attempt to get a powerful Dem to champion the
cause.  Also, three separate rumor sources said that Loretta Lynch is moving
ahead on her own, without Davis' approval, and that the Governor's office is
in a tizzy about it -- even thinking of politically-correct ways to get her
out of there -- judgeships anyone?

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Hey Tim,

I would like to plan a discussion with you and Gulf's attorney early next
week.  I will be out of the office on Monday morning but should be in later
in the day.  Let me know when we can get on the phone to discuss and see
where we have specific concerns for us to focus our discussion.  I took the
approach that we are signing up for the PX tariff and all the associated
requirements.

I am hopeful that if we set up a conference call to specifically walk through
the draft and have an open discussion with the attorneys and business
perspectives present we can end up with a executable agreement shortly.

Let me know when we can schedule,
Thanks
mk


Sitara 147092 is tiered pricing. If you want, you can nom whatever volume is
on the deal ticket and the economics will work out correctly. It will keep
things in balance a bit better, but you can go either way. For Feb there is a
base deal for 5000/day and a term deal for 20,000/day. Only 15,000 of the
20000 is pathed.


Aziz,

Please, contact me before or after the presentation and we can find
a time slot to chat later on Friday.

Vince

al3v <al3v@andrew.cmu.edu> on 10/31/2000 01:59:11 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: meet during CMU visit?

Dr. Kaminski:

I am a Ph.D. student here at Carnegie Mellon who has a long-standing
interest in the energy industry.

I have recently developed the framework of a simple model for electricity
prices that I would like your opinion on. Could you please chalk out some
time for me during your CMU visit this Friday?

Unlike traditional electricty pricing models, which assume that the
log-price is a sum of a couple of stochastic factors, I assume that some
fundamentals of the electricity market are driven by stochastic factors.
Next, given the current values of these factors, price is determined by
economic forces of profit maximization by price setting electricity
generators. Unlike typical factor models, the factors in my model are
potentially observable.

Thank You,

 Aziz A. Lookman
Graduate School of Industrial Administration
5000 Forbes Avenue
Carnegie Mellon University
Pittsburgh, PA 15213
Tel: 412-268-3681
Fax: 412-268-6837
(pls. mark the fax c/o Jackie Cavendish)


I don't know Sabrina Rank.  Please return this request to the person who
originated it so that the Manager section can be completed.  By including the
manager's name, that will help me to identify who this person is, what job
they perform and whether or not the request makes sense.  I have over 400
people in my group, so without more detail on these requests it is not worth
taking my time to approve these.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 08/10/2000 03:26 PM
---------------------------

From:  Information Risk Management/HOU/ECT

Subject: Your approval is requested

	Security Resource Request System
Application Approval
Please review and act upon this request. You have received this eMail because
you are listed as an approver on the original request.
			Instructions
For: 	Sabina Rank
Request	Original:
Application Name:	EOL - Risk Management
Request Type:	Grant
Role(s):	Application Product Data Manager
Comments:	copied request from ARSystem to SRRS System for approval		Review the request
in the Request section at left.
			For more information regarding who the request is for, do the following:
			Click on the name for PeopleFinder info
			See the Further Information section below
			In the Approval Section, select Approve or Reject, enter comments as
necessary and click [Submit].

	Further Information

Requestor:			Sabina Rank/NA/Enron
Manager:
Request Date:	08/09/2000 06:06:07 PM
RC #:	104503	WO #:
Company #:	0413	Priority:	Normal
General Comments:


Due to a conflict with Dave and Mark's calendars I need move the East
Midstream QBR to Tuesday August 15, 2000.

  Date:  August 15, 2000
    Tuesday

  Time:  1:00 pm - 4:00 pm

  Location: 3321

  Topic:  East Midstream QBR

Please mark your calendar and plan to attend. I am extremely apologetic for
any inconvenience this may have caused.

Thanks,

Kay 3-0643


Vince:

Here is the resume of Samer's friend in Azurix.
--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 01/25/2000
10:20 AM ---------------------------
From: Chonawee Supatgiat@AZURIX on 01/11/2000 03:47 PM
To: Stinson Gibner@ECT
cc:
Subject: Candidate

Hi Dr. Gibner, I just called you but you were not there. As you might
remember, I am working with Samer and you was the one who interviewed me for
this position. Samer and I now keep our eyes open for the other job
possibilities. I would like to know if there is a position available in Enron
Research group that I might fit in ? My updated resume and transcript are
attached in Hector's e-mail. I am looking forward to hearing from you.
-Chonawee

---------------------- Forwarded by Chonawee Supatgiat/HOU/AZURIX on
01/11/2000 03:37 PM ---------------------------
   Hector Campos @ ECT                01/11/2000 11:26 AM

To: Stinson Gibner/HOU/ECT@ECT
cc: Chonawee Supatgiat/HOU/AZURIX@AZURIX, chonawee@umich.edu

Subject: Candidate

Stinson,

Here's my friend's information. He is looking for other opportunities within
Enron. I think he would be a good candidate for
the Research Group. His extension at Azurix is 6-9654.

-Hector

---------------------- Forwarded by Hector Campos/HOU/ECT on 01/11/2000 11:22
AM ---------------------------

"Chonawee Supatgiat" <chonawee@umich.edu> on 01/10/2000 09:50:36 AM
To: Hector Campos/HOU/ECT@ECT
cc:
Subject: here they are

Thank you, Hector. Attached are my resume and transcript.
-chonawee
 - att1.htm
 - ChonaweeCV.doc
 - AcadRep.txt


Attached  are two files that illustrate the following:

As prices rose, supply increased and demand decreased.  Now prices are
beginning to fall in response these market responses.


Stephanie, if I asked Sam to make sure that this is done, could you do so?
Thanx.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Tana Jones@ECT
	03/14/2001 04:26 PM

		 To: Samantha Boyd/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron
		 cc:
		 Subject: JP Morgan Securities Inc. (Electronic Order)

The above counterparty has been created in the Financial Trading Agreements
Database and is listed as a master swap agreement, and it's not.  It is an
Electronic Trading Agreement and needs to be moved down to "Other
Agreements".  Please let me know when that is done and I will delete the
entry in  the master swap agreement database.  Thanks!


Let me see what I can do.  I can't believe you haven't gotten any kind of
notice.

I still need your credit card information for the phone bill.

	Kay Mann@ENRON
	05/31/2001 09:03 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Yes, they are deducting for parking

How do I get on the list for the form?  Could you pretty please check for me?

Thanks,

Kay


Tom and Cynthia--The SE reports includes some dings against TVA.

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


Following up on my previous e-mail regarding ABX 128, I now expect it to
include the following provisions.

1.  The tax will be on excess gross receipts from electrical energy
distribution.
2. The tax will be imposed on the person making the first sale of
electrical power in or into CA for consumer consumption.
3. The tax will be based upon the amount by which the gross receipts
from the sale exceed the amount that would have
been received if the sale had been made at a specified "base price" (to
be determined by the PUC).
4.  There will be a rebuttable presumption that the base price
represents afair sales price.
5.  There will be a withholding mechnism of this excess tax from the
purchasers, other than purchasers who are residential
consumers or small business users.
6.  It will require sellers to file annual tax returns to report the tax
on excess gross receipts and pay any remaining taxes
due.
7.  It will allow sellers to file a claim for refund in an attempt to
rebut the presumption that the base price was a fair sales
price.
8.  Provide certain nexus standards to California to provide the basis
to impose tax liability.
9. Include a 5-year sunset date.


We've received a personal invitation to a NYMEX  Crawfish Boil on April 3 at
5:00 at Garden in the Heights at 3926 Feagan.  The cause of this celebration
is the 10th anniversary of the Nat Gas futures contract.  It would be nice if
Shankman and John Arnold could attend.  Perhaps you can give them a personal
invitation...


Please plan on attending a "Best Practices" meeting coordinated by Sally Beck on:

	Date:		Tuesday, Feb. 5
	Time:		11:30am - 1:30pm (lunch included)
	Location:	ECS 4075

Scotty Gilbert/John Postathwaite/Peggy Hedstrom - we would like to video conference you in to this meeting.  Let me know if your office has the capability; if so, please provide:

	1) name of video specialist in your office
	2) video specialist phone number
	3) conference room number and phone number

All - Please confirm your attendance by e-mail.

Thank you very much,

Christina Valdez Epperson
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/21/2000
Transaction Summary
External Transactions Today	3,136
Average Daily External Transactions (30 day Trailing Avg)	4,221
Total Life to Date Transactions	542,283

EnronOnline Daily % of Entity's Total Transactions for 12/21/00	Trans	Percent
Enron North America	2,252	69%
Enron Europe Limited	194	39%
Global Products	66	18%
Enron Metals	624	20%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	53%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,050,655,061
MTD	48,918,672,695
LTD	327,775,511,765
Average Daily Notional Value (30 Day Trailing Avg)	3,348,555,351

Notional Revenue from Physical Flows to Date	22,178,488,030

Counterparties, Users, and Products Offered
Counterparties having transacted to date	619
New Counterparties transacting for the first time today	0
Number of Products Offered Today	979
Total Number of External Users Logged on Today	3,084
Average # of External Users logged on (30 day Trailing Avg)	3,063


Please find attached Credit's EOL responses for 1/13/00.

Regards
Molly


Yup, my little bro is coming to visit.  We'll definitely be hitting the town.  Are you around?  I may organize something, so I'll let you know.

Mat

agoldberg@compubank.com on 03/19/2001 11:48:27 AM
To:	Matt.Smith@enron.com
cc:

Subject:	RE: FW: Sat night - the plan

not back before the weekend.  Utah was great!  Tons of fresh powder and good
weather.  Are you in town this weekend?

Anna Goldberg
Legal Affairs and Business Development
CompuBank, N.A.
(713)479-1058-phone
(713)479-1052-fax
agoldberg@compubank.com

-----Original Message-----
From: Matt.Smith@enron.com [mailto:Matt.Smith@enron.com]
Sent: Monday, March 12, 2001 10:42 AM
To: agoldberg@compubank.com
Subject: RE: FW: Sat night - the plan

Once again, I was out when you sent me mail.  I went to NYC for a long
weekend.  Had a great time, but I'm still exhausted.  Hope you're having a
great time in Utah.  If you get back before the weekend, drop me an email.

Mat

agoldberg@compubank.com on 03/09/2001 02:16:13 PM

To:   Matt.Smith@enron.com
cc:

Subject:  RE: FW: Sat night - the plan

Hey Mat- hope you enjoyed your time off.  I'm heading to Utah for some
skiing next week for a little break myself.  Anything going on tonight?

Anna Goldberg
Legal Affairs and Business Development
CompuBank, N.A.
(713)479-1058-phone
(713)479-1052-fax
agoldberg@compubank.com

-----Original Message-----
From: Matt.Smith@enron.com [mailto:Matt.Smith@enron.com]
Sent: Monday, February 26, 2001 7:18 AM
To: agoldberg@compubank.com
Subject: Re: FW: Sat night - the plan

Hey Anna,

Sorry, I took awhile getting back to you....I took the week off...

Ya, we tried meeting up, but I guess you guys must have left before we got
there.  Our dinner at Sambuca's took quite awhile, I think we made it to
Deans around 12:30 or so.  We checked there and the Hub, but no luck.  Hope
you guys had a good time, and I'm always up for another night out.

Mat

agoldberg@compubank.com on 02/22/2001 11:11:47 AM

To:   Matt.Smith@enron.com
cc:

Subject:  FW: Sat night - the plan

Matt- I don't know if you remember me, but we met at Jennifer's party at
the
Black Lab.  Thought we were meeting up with y'all last Sat, night, but I
guess we missed each other.  Maybe we can try it again sometime soon.  Hope
you had a fun night without us :)

anna

Anna Goldberg
Legal Affairs and Business Development
CompuBank, N.A.
(713)479-1058-phone
(713)479-1052-fax
agoldberg@compubank.com

-----Original Message-----
From: Jennifer.Bagwell@enron.com [mailto:Jennifer.Bagwell@enron.com]
Sent: Friday, February 16, 2001 9:43 AM
To: Scott.Baukney@enron.com; Massimo.Marolo@enron.com;
Reagan.Rorschach@enron.com; Matt.Smith@enron.com; Chuck.Ames@enron.com;
Tara.Piazze@enron.com; Susan.M.Scott@enron.com; Kristin.Quinn@enron.com;
Michelle.Wenz@enron.com; Steinunn.Thordardottir@enron.com; Swanson ,
Anne; Jackson.Logan@enron.com; agoldberg@compubank.com;
Jason.Thompkins@enron.com; Elizabeth.Johnston@enron.com
Subject: Sat night - the plan

Dean's is located on Main between Prairie and Preston.

---------------------- Forwarded by Jennifer Bagwell/NA/Enron on 02/16/2001
09:45 AM ---------------------------

 (Embedded     Enron North America Corp.
 image moved
 to file:      From:  Jennifer Bagwell
 pic13648.pcx) 02/16/2001 09:34 AM

To:   Scott Baukney/NA/Enron@Enron, Massimo Marolo/NA/Enron@Enron, Reagan
      Rorschach/NA/Enron@Enron, Matt Smith/NA/Enron@ENRON, Chuck
      Ames/NA/Enron@Enron, Tara Piazze/NA/Enron@ENRON, Susan M
      Scott/HOU/ECT@ECT, Kristin Quinn/NA/Enron@Enron, Michelle
      Wenz/Corp/Enron@Enron, Steinunn Thordardottir/HOU/ECT@ECT, "Swanson ,
      Anne" <ASwans@coair.com>, Jackson Logan/HOU/ECT@ECT,
      agoldberg@compubank.com, Jason Thompkins/NA/Enron@Enron, Elizabeth
      Johnston/NA/Enron@Enron
cc:

Subject:  Sat night - the plan

Hello!  OK, for those of you who can make it (and I hope it will be all of
you), we are going to dinner at El Tiempo downtown (713-221-1695 @ Main &
Prairie) at 7:30 PM.  So, if you can make it to dinner, please come at 7:30
and we will reserve a big table.  If you can't make it to dinner, come to
El Tiempo for a margarita and then we will head over to Dean's after that.
Hope to see you all there!  And please feel free to invite others!  JB

If you need to reach me, my cell phone # is 713-417-8613.

(See attached file: pic13648.pcx)


Thanks for the comments Grant.  The presentation is for a couple of external
conferences that Vince volunteered me for - Vince has OK'd the content, and
Stinson raised exactly the same issues as you.  Unfortunately I just don't
seem to be getting any response from RISK whatsoever on the publication of my
article, so these conferences will be the public debut for my real options
notation.

Of course the discounting/risk neutrality thing is where the real judgement
sits.  When questions arise I'll take the line that while Research formulates
the models using appropriate derivatives/market based valuation methods, we
work with our RAC group which considers the discounting to be associated with
various risks, and chooses these rates appropriately.  The notation makes
clear which uncertainties we are exposed to at different stages of the deals,
which assists in choosing the rates.

In practice I'm not yet at the stage where originators are using my notation
yet - another reason I can't say too much about its actual use at the
conference.  I'm producing various tools for deterministic hydro
optimization, GBM swing option valuation, and deterministic DP optimization
for genset dispatch which people want right now - I'm working in the
background on the kind of modelling my notation demands.  People are getting
to know me as a guy who can solve their immediate problems, and they'll be
more likely to listen when  I start rolling out the "proper" options-based
models.  My notation is currently used only in the specs I'm writing for the
tools I'm producing.

I'll be turning Dale's spreadsheet-based power plant spread model into an
American Monte Carlo tool, which will then be available for inclusion in
other models.  I think by the end of the summer the real options theoretical
work will start to bear fruit, one year after I initially proposed the
notation.  With the quant IT group I'm co-creating in place, I may yet see
the automated diagramming/pricing tool made real.

Thanks also for the pointer to Tom Halliburton.  The use of the LINGO
LP/integer package is something I've been presented with for the Teesside
plant operation optimizer, rather than something I chose.  The PERM (Physical
Energy Risk Mgt) group just got a couple of analysts to hack it together
(including Natasha Danilochkina), then asked me to tidy it up when it didn't
work.  They are going to use their existing faulty model for now (to meet
their project deadlines), and I'm sketching out a proper mathematical spec
for the problem.

I've persuaded (!) them that this sort of business-critical system should be
developed properly by Research, and they now seem happy to fall into line.
Their Wilton plant optimizer was developed by one Peter Morawitz, the guy I
hoped to recruit into Research, and they obviously didn't realise he was
better than average at quantitative modelling.  Anyway they now accept that
doing it properly will take months rather than weeks, and I'll have a freer
hand in my choice of modelling tool - so a chat with Tom would be extremely
valuable.

Cheers,
Steve

	Enron Capital & Trade Resources Corp.

	From:  Grant Masson                           05/15/2000 07:27 PM

To: Steven Leppard/LON/ECT@ECT
cc:

Subject: Real options presentation

Steve:

I read through your presentation.  Looks good as expected.  Remind me; is
this an internal Enron or external presentation? If external, I would say it
is just at the limit before sliding into proprietary stuff.  Perhaps that's
why you've neatly almost entirely avoided questions about discounting and
risk-neutrality or lack of it?

Regards,
Grant.


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/12/2001 04:22
PM ---------------------------

	From:  Ben F Jacoby @ ECT                           04/12/2001 04:20 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Herman
Manis/Enron@EnronXGate
cc:

Subject: Northwestern

Folks:

With respect to the Northwestern transaction, I'd like to understand what it
would take in the letter agreement to allow us to recognize the entire $8MM
upon execution of the letter agreement. In my conversation today with Kay, we
talked about making sure we could at least recognize the $8MM in equal
instalments between the execution of the letter agreement and September 1,
2001 (the outside date for closing). If at all possible, I'd like to take
this one step further so that the entire amount could be recognized in Q2.
Let's plan to talk about this on Monday. Any thoughts on this prior to Monday
would be appreciated.

Regards,

Ben


that is what i was thinking.


Ms. Sissy Crawford,

Thanks for the update on UT games.  Love those Aggies.  I heard Enron is
going to sponsor a badminton player at the Olympics and of course you came to
mind.  I need a review of the Bond film -- you seemed to be paying very close
attention to it while I was a tad distracted, hopefully you can tell me about
it.  I hope you are having a good day and I'll talk to you later.

Bo


Which is kind of funny b/c now she sits right behind him.  He really thinks
he's the man...should I let him in on the truth.


Stupid taxes

Bill White@ENRON
05/30/2000 04:52 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: IRS Beers

Remember we were trying to figure out the difference in return between tax
free investment growth and annually-taxed investment growth?  Turns out that
it is different, but over 5 years and a 10% growth rate, it doesn't amount to
much more than the cost of our beer tab.  See attached.


-----Original Message-----
From: Marc Torres
Sent: Wednesday, March 07, 2001 4:50 PM
To: Stan Moore (E-mail); Sean Green (E-mail); Terry (E-mail); Henry E.
Gonzales; Noel Butler; Hector Torres (E-mail)
Subject: FW: Fw: HER BALLONS

    A small boy walks into his mother's room and catches her topless.
     "Mummy, Mummy, what are those?" he says pointing to her breasts. "Well,
son,"she says, These are balloons, and when you die, they inflate and float
    you up to heaven," Incredibly, he appears to believe this explanation
and
goes
    off quite satisfied.
    Two days later while his mother is making tea, he rushes into the
kitchen.
    "Mummy, mummy, Aunt Eliza is dying!" "What do you mean?" says his
    mother."Well she's out in the garden shed, lying on the floor with both
of
    her balloons out. Dad's trying to blow themup for her and she keeps
yelling,
"God, I'm coming! God, I'm coming!"

 - att1.htm


Hi Carol,

I saw that you posted about getting a nanny.  I've used two services, but
only one that I can suggest.  For my last nanny, I used Morningside Nanny
Service, or something close to that. They seemed thorough, and found us a
wonderful person.  I've also used River Oaks Nanny, but they sent me a nut
case.

Good luck,

Kay


I could go to Austin the night of Wednesday, October 25 for dinner with
students if you need me.  Let me know.

	Enron North America Corp.

	From:  Lexi Elliott @ ENRON                           10/17/2000 12:23 PM

To: Richard Causey/Corp/Enron@ENRON, Mike Deville/HOU/ECT@ECT, Mark E
Lindsey/GPGFIN/Enron@ENRON, Brent A Price/HOU/ECT@ECT, Stan
Dowell/HOU/EES@EES, Darlene Regan/HOU/EES@EES, Cedric
Burgher/Corp/Enron@ENRON, Dub Morris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jay
Boudreaux/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Michael Howe/HOU/EES@EES, Craig Breslau/HOU/ECT@ECT, Rick L
Carson/HOU/ECT@ECT, Elizabeth Atkinson/Corp/Enron@ENRON, Beth
Apke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marshall Eubank/HOU/ECT@ECT, Lisa B
Cousino/HOU/ECT@ECT, Mary Lynne Ruffer/HOU/ECT@ECT, Michael Vigeant/Enron
Communications@Enron Communications, Mark Confer/HOU/ECT@ECT, Lanette
Earnest/Corp/Enron@ENRON, John Craig Taylor/HOU/ECT@ECT, Jim
Cole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah Goodpastor/Enron
Communications@Enron Communications, Brandon Neff/HOU/EES@EES, Christopher
Coffman/Corp/Enron@Enron, David Yang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Obed De La Cruz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leon
Branom/Corp/Enron@ENRON, Ilan Caplan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Christopher Chenoweth/NA/Enron@Enron, Kim Chick/HOU/EES@EES, Marcus
Edmonds/HOU/EES@EES, Zeina El-Azzi/Corp/Enron@ENRON, Victor
Guggenheim/HOU/ECT@ECT, Kreg Hall/HOU/ECT@ECT, Mason Hamlin/HOU/ECT@ECT, Zaib
Iqtidar/Corp/Enron@Enron, Shilpa Mane/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Zal Masani/Enron Communications@Enron Communications, Zachary McCarroll/Enron
Communications@Enron Communications, Luis Mena/NA/Enron@Enron, Christine
Milliner/FGT/Enron@Enron, Chetan Paipanandiker/HOU/ECT@ECT, Catherine
Pernot/NA/Enron@ENRON, Lauren Schlesinger/HOU/EES@EES, Susan M
Scott/HOU/ECT@ECT, Rahul Seksaria/Corp/Enron@ENRON, Michael
Simmons/HOU/ECT@ECT, Suresh Vasan/HOU/ECT@ECT, Millie Gautam/HOU/EES@EES,
Sachin Gandhi/NA/Enron@Enron, Bilal Bajwa/NA/Enron@Enron, Amanda
Schultz/NA/Enron@Enron, Rachana Iyengar/HOU/EES@EES, Travis
Hansen/HOU/EES@EES, Felipe Ospina/NA/Enron@ENRON, Irina
Nekrasova/HOU/EES@EES, Jeremy Lo/HOU/EES@EES, Ami Thakkar/NA/Enron@ENRON,
Edward Coats/Corp/Enron@ENRON
cc: Sharron Westbrook/Corp/Enron@ENRON, Chantelle Villanueva/HOU/ECT@ECT,
Patti Thompson/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Donna
Jones/HOU/ECT@ECT, Ashley Baxter/Corp/Enron@Enron
Subject: UT Super Saturday Candidates

Dear UT Team:

Thank you for all your time and help over the past several weeks.  Through
the interview process, we have chosen 38 Financial Analyst candidates to
bring to Super Saturday on November 4.  These candidates are:

Amanda Ostrander, Ali Ahmed, Bonnie Chang, Brad Morgan, Brad Staller, Brian
Falik, Brian Kanatzar, Bryan Willingham, Carol Stauch, Castlen Moore, Doug
Epperson, Chris Calato, Daniel Bates, Daniel Jenkins, David Eastlake, David
Michels, Hina Khan, Irfan Iqbal, James Lee, Jason Huang, Jay Raman, Judy
Maledon, Max Sell, Michael Morris, Natalie Madi, Natascha Seume, Paul Horng,
Ryan Ruebsahm, Ryan Williams, Sean Steele, Shaleen Miller, Stephen Dexter,
Tayyab Balagamwala, Ty Purdy, Lydia Kuo, Matt Linford, Lauren Szeto, and
Melanie Sandoval.

I have personally called each of the 38 candidates to let them know they have
been selected.  They will also receive a formal letter through the mail later
this week.  This letter will include details regarding November 4.

The interviews for the Tax Analyst position also yielded the following:
5 Spring Internship offers:  Ashley Berger, Yi (Zoe) Zhou, Li Li, Weijing
Shin, and Xuemei Lang
1 Summer Internship offer: Chia-Lin Lee
2 Full Time Office Visits: Andrew Susman and Amanda Ostrander

The next step is cultivation.  I will assign candidates to targeted team
members for telephone follow-up calls.  I would also like to have volunteers
to go to Austin next week to take these candidates to dinner.  Please let me
know if and when you will be available so that I can begin planning.

Thanks again for all your help and hard work!!!

lexi
3-4585


----- Forwarded by Jeff Dasovich/NA/Enron on 01/12/2001 07:40 PM -----

	Scott Govenar <sgovenar@govadv.com>
	01/12/2001 01:24 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Marcie
Milner <mmilner@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>
		 cc:
		 Subject: ABX 5 / ABX 6

ABX 5 and ABX 6 both passed out of the Assembly this morning.

ABX 5 ) Regarding ISO/PX governance, passed off of the Assembly floor on
a vote of 60-9.  All 9 &no8 votes were cast by Republicans.  The only
legislator to speak against the bill was Assemblyman Phil Wyman who
objected to the idea of giving Governor Davis the sole authority to
appoint ISO and PX members.

ABX 6 ) Regarding retention of IOU generation assets, passed off of the
Assembly floor on a vote of 60-10. All 10 &no8 votes were cast by
Republicans.  Three legislators spoke against the bill: Assemblyman John
Campbell, who indicated that he could support the bill if it had a
sunset provision, and Assemblyman Sam Aanestad and Assemblyman Rod
Pacheco, both of whom objected to the idea of giving the CPUC more
authority.  Assemblyman Aanestad indicated that he does not believe
deregulation is the cause of our current situation, but rather, previous
decisions by the CPUC.


This deal has firm energy with NP delivery point.  Let me know.

thanks!


Done.

 -----Original Message-----
From: 	Walton, Sheila
Sent:	Monday, November 26, 2001 12:16 PM
To:	Schultea, Kathryn
Cc:	Buy, Rick
Subject:	REVISION:  RAC LISTING - Please Read Immediately
Importance:	High
Sensitivity:	Confidential

Please make the following change o the RAC list:

90005675	BELLINGHAUSEN, LYNN G - Terminate for future 30 - 90 days out
90005677	SOO, JEFFREY A - Terminate Immediately

Please confirm when this has been done and call me at Ext 30649.  Thanks.

Sheila Walton


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                  JUNE 01, 2001

Notice ID: 2771
5 - NO RESPONSE REQUIRED

SUBJECT: REVISED - CAPACITY UPDATE EFFECTIVE FOR MONDAY, JUNE 4, 2001

             CHANGES ARE INDICATED WITH AN *

Effective Monday, June 4, 2001, capacities will be as follows:

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

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

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

Receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            20,000
Broad Run (B9)          450,000
Cambridge (B10)          10,000
Dungannon (B11)          40,000
Highland (B17)           25,000
Milford (B18)            30,000
North Greenwood (B22)    10,000
Unionville (B15)         75,000

TEXAS EASTERN:

Delmont (C16)                 0
Eagle (C22)              30,000
Hooker (C9)              25,000
Pennsburg (C23)          50,000
Windridge (C12)          60,000

NATIONAL FUEL:

Independence (M1)        10,000
Ellwood City (L1)        10,000

TRANSCO:

Downingtown (E3)          5,000
Emporia I (E13)         120,000 *
Rockville (E2)           65,000
Dranesville (E1)         25,000

ALGONQUIN:

Ramapo (R1)              50,000

ANR:

Paulding/Cecil          100,000
(F1, A2)

LEBANON AGGREGATE       225,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE        225,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach             2,218,000

Internal point non-firm capacity will be as follows:

Lanham                No Restrictions

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek (MA 21)    25,000
Young Woman's Creek       5,000
   (MA 36)

ALGONQUIN:

Hanover (MA 22)         143,000

EQUITRANS:

Fallen Timber (MA 35)    35,000
(MLI K1)

Waynesburg-Rhinehart     30,000
(MA 26) (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No Restrictions
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

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


----- Forwarded by Mark Taylor/HOU/ECT on 06/11/2001 09:22 AM -----

	Brian.Spector.enronXgate@enron.com 06/11/2001 07:09 AM 	   To: Mark.Taylor@enron.com  cc: Tana.Jones@enron.com  Subject: commodity acct

mark,

i have a share of a managed futures account with mcvean trading.  i have no
discretion in what is bought and sold - it's like a mutual fund.

let me know if i have to do anything further.

brian

    -----Original Message-----
   From:   Enron Announcements   On Behalf Of Mark Taylor (Vice President
             and General Counsel)
   Sent:   Tuesday, June 05, 2001 11:42 PM
   To:     NYMEX Hedge Exemption List
   Subject:  PLEASE READ

   To:                                        Department:    ENA Legal

   From:        Mark Taylor                        Date:     May 11, 2001
           Vice President and General Counsel

   Subject:     Enron North America Corp. NYMEX Hedge Exemption
   Applications

   We  are  in  the  process  of  preparing applications for position limit
   exemptions  for  ENA's  NYMEX energy commodities futures trading.  These
   applications require that ENA represent whether its officers, employees,
   owners,  or agents have a power of attorney, control or have a financial
   interest  in any related commodity future(s) account either individually
   or acting with another person pursuant to express or implied agreement.

   Please   direct   any   responses  to  my  paralegal,  Tana  Jones,  via
   intercompany  email or call her at (713) 853-3399 by the end of business
   on  June  15,  2001 if you have any power of attorney, control or have a
   financial  interest  in any commodity futures account (other than an ENA
   or other trading affiliate account).

   IF  YOU  DO  NOT  HAVE  A  COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO
   RESPOND TO THIS REQUEST.


Please note:

Per Sally, the 9:00 AM Doorstep meeting scheduled for Friday (tomorrow) is
being shortened to 30 minutes (now 9:30-10:00 AM).

Thanks,
Patti x39106


Please review for credit approval.

Thanks!

#479474                            #479475


Title: Viewing Environmental Strategy Issues in a New Light
URL(s):

http://www20.cera.com/eprofile?u=35&m=2758;

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

STRATEGIC CHALLENGES GROW IN ENVIRONMENTAL ARENA

The issues that are most prominent in the environmental arena are notable for
their relatively long time horizons. Thus, although the uncertainty created by
recent events might cause adjustments in environmental strategies it is less
likely to result in fundamental shifts in direction. In the immediate future,
however, the challenge will be in responding to a shifting landscape while
maintaining long-term objectives.

* Parties to the Kyoto Protocol are forging ahead with final negotiations,
while the US focus is on when a domestic climate change policy might appear.

* The European Union is moving toward development of a unified greenhouse gas
emissions trading scheme, while individual European nations are developing or
implementing their own (potentially incompatible) systems.

* Continued technology maturation combined with heightened energy security
concerns is solidifying the foundation of the renewable energy niche, bringing
increased focus on remaining technical and political hurdles.

**end**

Follow above URL for complete CERA Watch.

E-mail Category: Watch
CERA Knowledge Area(s): Environmental Strategy

***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


Thank you.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, July 13, 2000 7:22 PM
To: pgroetzinger@brentbroker.com
Subject: RE: BrentBroker Full Style

Thanks!.  I'll fax it back to you after it's signed.

                    "Pete Groetzinger"
                    <pgroetzinger@brentb        To:
<Tana.Jones@enron.com>
                    roker.com>                  cc:     "David Salomon"
<dsalomon@lab9.com>, <John.Pavetto@enron.com>,
                                                <Louise.Kitchen@enron.com>
                    07/13/2000 07:08 PM         Subject:     RE: BrentBroker
Full Style

Tana - I just sent the executed CA to your fax machine.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Wednesday, July 12, 2000 6:00 PM
To: pgroetzinger@brentbroker.com
Cc: Louise.Kitchen@enron.com; John.Pavetto@enron.com
Subject: Re: BrentBroker Full Style

Please find attached a copy of our proposed form of Confidentiality
Agreement.  Please call me if you have any comments or questions.  If the
agreement meets with your approval, please have an authorizied officer of
the company execute it and return the signed document to me at the fax
number below.  Thanks for your attention herewith.

I passed on your "regards" to Robbi Rossi.

(See attached file: brentbroker.doc)

Tana Jones
Paralegal
Ph:  (713) 853-3399
Fax:  (713) 646-3490

                    "Pete Groetzinger"
                    <pgroetzinger@brentb        To:
<tana.jones@enron.com>
                    roker.com>                  cc:
                                                Subject:     BrentBroker
Full Style
                    07/12/2000 05:01 PM

Tana -

The legal name is: Brent Broker.com LLC

I look forward to receiving your Confidentiality Agreement.

Regards,

Peter V. Groetzinger, COO
BrentBroker.com
One Riverway, Suite 2500
Houston, Texas 77056
USA
713.888.0500
www.brentbroker.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2001
01:40 PM ---------------------------

"Whitsel, Kimberly" <whitselk@wharton.upenn.edu> on 02/15/2001 09:34:38 AM
To: Vince.J.Kaminski@enron.com, Christie.Patrick@enron.com
cc: nick@alum.mit.edu, "Bhalla, Tulika" <bhallat@wharton.upenn.edu>, "Chen,
Vincent" <chenvinc@wharton.upenn.edu>, "Rejtman, Jack"
<rejtmanj@wharton.upenn.edu>, "Mallik, Deepa"  <mallikd@wharton.upenn.edu>,
"Whitsel, Kimberly"  <whitselk@wharton.upenn.edu>, "Thorne, Heather"
<hethorne@wharton.upenn.edu>, "'Thomas'" <Thomas@wharton.upenn.edu>
Subject: Presentation for Conference Call

Good Morning,

Attached is our presentation for today's videoconference.  We look forward to
discussing our progress on the project at 4:30.

Regard,
Enron Team 1

 - 150201 Enron Conference Call.ppt


Jerry,

Thanks.  I'll give it a look immediately, and will discuss the game plan with
Heather.

Congratulations on wrapping up the alliance and associated agreements.  Looks
like an interesting and exciting opportunity for both companies.

Kay


name in rolodex?

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Thursday, June 14, 2001 4:40 PM
To:	'amystern@earthlink.net'
Subject:	RE: We're moving, baby.

Oh for fuck's sake

 -----Original Message-----
From: 	Amy Stern <amystern@earthlink.net>@ENRON [mailto:IMCEANOTES-Amy+20Stern+20+3Camystern+40earthlink+2Enet+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 14, 2001 3:12 PM
To:	Atara Jacobson; Cindy Levey; Dawne Bear; Jeff Shankman
Subject:	We're moving, baby.

Hi!

We're moving on Monday!

Our new info is:

69-11 Yellowstone Blvd. #A24
Forest Hills, NY 11375

(718) 575-8722

Give us a shout out!

Amy & Scott


Effective Negotiating - September 4 & 5, 2001
in EB552    Cost:  $950.00

Effective Negotiating is an intensive two-day seminar that teaches strategies, tactics, techniques, and psychological insights that provide you with the tools to make better Win-Win agreements.  The skills learned can be applied immediately.  These skills are taught through a hard-hitting, fast paced presentation that is enjoyable and educational.

For enrollment, login to our website (http://elm.enron.com), if you have problems logging in or questions, please call 713 853-0357.


FYI.  More info to follow.  I'll give you a ring (tomorrow).

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/07/2001 11:32 PM -----

	"Stephen P. Bowen" <stevebowen@earthlink.net>
	01/07/2001 09:46 PM
	Please respond to stevebowen

		 To: Jeffrey Dasovich <jdasovic@enron.com>, "Dasovich, Jeff"
<Jeff.Dasovich@enron.com>
		 cc:
		 Subject: CPUC affiliate entity jurisdiction

PRIVILEGED AND CONFIDENTIAL ATTORNEY-CLIENT COMMUNICATION

Jeff,

Per your request, I am writing a brief note to follow up on our
telephone conversation today.  As we discussed, Enron plans to change
the structure of Enron Telecommunications, Inc. from a regular C
corporation to an LLC.  As we discussed previously, this change in
structure will require the approval of the California Public Utilities
Commission, because it is a change of control under the definitions of
the Public Utilities Code.  You indicated that someone inside Enron was
concerned that, during the course of the CPUC,s review of the request
for transfer of control, the CPUC could get access to the books and tax
returns of ETI,s parent EBS or other Enron entities, which Enron would
find unattractive.  You asked me to discuss whether this was possible.

At a general level, the CPUC in the past has asserted jurisdiction over
entities affiliated with entities regulated by the CPUC.  Depending on
the facts at hand, a variety of provisions in the PU Code grant this
jurisdiction.  However, the CPUC rarely uses its jurisdiction to look
into the books and tax returns of an affiliate of a nondominant
telecommunications carrier, unless the affiliate is the entity seeking
to acquire control of the carrier.  For nondominant telecommunications
carriers, the Commission applies a fairly light regulatory touch,
because such carriers have no market power.  You should also be aware
that there are other provisions in the PU Code that protect carrier's
financial information from public disclosure.

Thus, although it is possible that the Commission would seek to review
the books and/or tax returns of EBS or another Enron entity in
connection with the change to an LLC, it is unlikely.  ETI is a
nondominant carrier, and there is no real change in the ownership of
ETI, because EBS will still be ETI,s owner (i.e., EBS will own an LLC,
rather than a C corporation), nor is there any change in the management
personnel of ETI.

The one wild card is that Enron's name is quite well known to the
Commission because of Enron's presence in the energy market.  While this
logically and legally should make no difference, it could conceivably
trigger increased Commission scrutiny of the transfer of control.

Please let me know if you need more information or want to discuss
further.

SPB


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/06/2001 06:17
PM ---------------------------

Richard Leibert@EES
02/06/2001 06:15 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cost plus contract for Co Op City

Kay,

Have just received both of your e-mails.  Will get involved today!

L

Kay Mann@ENRON
02/06/2001 04:31 PM
To: Richard Leibert/HOU/EES@EES, Fred L
Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Peter Nassab/Corp/Enron@Enron,
Robert Sevitz/NA/Enron@Enron, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jude
Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Bernstein/HOU/ECT@ECT
Subject: Cost plus contract for Co Op City

As a follow up to my previous e-mail, here is the second request, which was
in my opinion adequately addressed by John Schwartzenburg.
I am frustrated with beginning the process over again.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/06/2001 04:33
PM ---------------------------

Kay Mann
02/01/2001 12:06 PM
To: David Lund/ENRON@enronXgate, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter Nassab/Corp/Enron@Enron
cc: Mark Bernstein/HOU/ECT@ECT, Jude
Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Cost plus contract for Co Op City

Gentlemen,

As Dave and John know, I'm working on a deal for ENA (and with Jude) which
has as one aspect a cost plus EPC contract for the construction of a power
plant.  We need to put together the T's and C's for a cost plus contract, and
since it is possible that NEPCO might be the contractor, I wanted to use
something that is acceptable to NEPCO.  I will then take the laboring oar in
order to get a working draft prepared for this project.

As always, I'm on a short time frame, so your response would be appreciated.

Thanks,

Kay


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Scott:

In follow-up to our conversation, please note that your deposition in the above-referenced matter is scheduled for June 22, 2001.  I will get back to you with more details, including a propose preparation time, in the near future.

Thanks,

Jeff


Please add (and redline) the applicable signature blocks for all of the entities in the attached and send it back to me.  Also, please clean up the identifier and page number and put one of our identifiers in the agreement.

Thanks,

Harlan E. Murphy
Enron Wholesale Services - Legal
1400 Smith Street, EB 3811
Houston, Texas 77002
Tel: 713.345.2679
Fax: 713.646.3490
E-mail: Harlan.Murphy@Enron.com


sara, would you please give him a call on the gty? let's start with 25mm cap

-----Original Message-----
From: Glover, Sheila
Sent: Tuesday, November 20, 2001 12:09 PM
To: Shackleton, Sara; Rohauer, Tanya
Subject: FW: Carr Futures
Importance: High

Sara and Tanya,
Rick Farina, 312-441-4420, called this morning and left a voice mail.  He requested that I call him back because he wanted to clarify their stance.

It is probably more for one of you to speak to him rather than myself.

Please advise if one of you will give him a call this afternoon.
Thanks. Sheila

-----Original Message-----
From: Panus, Stephanie
Sent: Tuesday, November 20, 2001 9:55 AM
To: Glover, Sheila
Subject: FW: Carr Futures

Sheila,
Do you know who in London works on futures/brokerage agreements?  I'm trying to find out if ECTRIC has an agreement with Carr.

-----Original Message-----
From: Shackleton, Sara
Sent: Monday, November 19, 2001 5:42 PM
To: Panus, Stephanie
Subject: FW: Carr Futures

Stephanie:

Scroll all the way down to Sheila's original message for contact person and the two Enron companies being guaranteed.  You will need to verify with London that ECTRIC has a futures agreement with Carr (maybe you can get a copy of it for our records).  Can you prepare a draft guaranty and ask Tanya for a cap.  Thanks.  Sara

-----Original Message-----
From: Glover, Sheila
Sent: Monday, November 19, 2001 5:33 PM
To: Rohauer, Tanya; Shackleton, Sara
Subject: RE: Carr Futures

Pls see me original e-mail below.
sg

-----Original Message-----
From: Rohauer, Tanya
Sent: Monday, November 19, 2001 5:24 PM
To: Shackleton, Sara; Glover, Sheila
Subject: FW: Carr Futures

I assume the parties are  ENA and ECTRIC with Carr Futures, Inc. I do not have any information about this though nor do I have a contact.  Sheila can you provide this information to Sara?

-----Original Message-----
From: Shackleton, Sara
Sent: Monday, November 19, 2001 4:37 PM
To: Rohauer, Tanya
Cc: Panus, Stephanie
Subject: FW: Carr Futures

Tanya:  Just let us know the parties and guaranty cap.  I am not familiary with any Carr arrangements other than the ENA futures agreement.  Also, do you have a contact at Carr?

Thanks.  Sara

-----Original Message-----
From: Kitchen, Louise
Sent: Monday, November 19, 2001 2:42 PM
To: Rohauer, Tanya; Shackleton, Sara; Bradford, William S.
Subject: RE: Carr Futures

No objections

-----Original Message-----
From: Rohauer, Tanya
Sent: Monday, November 19, 2001 12:51 PM
To: Shackleton, Sara; Bradford, William S.; Kitchen, Louise
Subject: FW: Carr Futures
Importance: High

Are there any objections to issuing the gty? We just did the same thing last week for FIMAT Issuing seems the simplest rather than having to stop trading, although traditionally we have not issued corp gtys.  Please advise.

Tanya

-----Original Message-----
From: Glover, Sheila
Sent: Monday, November 19, 2001 11:28 AM
To: Rohauer, Tanya
Cc: Su, Ellen
Subject: Carr Futures
Importance: High

Tanya,
I received a call from Carr Futures this morning.  Their parent, Cr?dit Agricole Indosuez, is requesting a parent guanantee to continue trading with Enron North America Corp. and Enron Capital and Trade Resources International.

I spoke with Gary this morning and he said that we could stop trading with them.  I said that others do trade with Carr.  He suggested then that the energy guys can proceed if they wish to continue trading with Carr.

Rick Farina, 312-441-4420, called me with Larry Anderson and Patty Chambers.

How do you want to proceed?

Sheila


Gentlemen,

 John Norden will be in Sydney on Monday morning to evaluate the IT process.
He will coordinate with Stinson.

 Spoke to Vince K today and asked if he would send Stinson Gibner to Sidney
to be available on Monday to review the X system.
Paul, make sure our X friends are available and the Confidentially Agreement
is signed.  Further, I spoke to Phillip B. about a technical going too.

G'day mates,

Gary


Men,

            The final descision on the night of men will be as follows?

Where: Tony's Mexican (bring your own clown and accessories, please)

When: Thursday 2/28 at 7:15 pm.

We will wait until Zander is able to attend, to try the Tampico place. Would rather go w/ someone who knows the drill.

I am very much looking forward to seeing all of you men.

                                                                                Pig-N-a-Stinky-blanket


That's what happens when you're sitting at your desk for 5 days in a row
typing minutes.  Even responding the e-mails is better!

	Mike McConnell@ECT
	06/07/2001 01:29 PM

		 To: Rebecca Carter/Corp/Enron@ENRON
		 cc:
		 Subject: Re: August 14 board meeting

Thanks.  Wow, you're quick on email.  Jeff and I will be the only attendees.
m


please run the following three simulations.  Crude books alone, the 24/7 book
alone, and the two together.  Thanks.  Jeff

Bradley Samuelson@ENRON
01/16/2001 09:53 AM
To: Cindy Horn/LON/ECT@ECT, Michelle Bruce/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT, Mark Fondren/HOU/ECT@ECT,
Homan Amiry/LON/ECT@ECT, Lee Jackson/HOU/ECT@ECT, Manfred
Roenz/Corp/Enron@Enron, Bjorn Hagelmann/HOU/ECT@ECT, Oliver
Gaylard/LON/ECT@ECT, Mary Thambiah/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT,
John Buckner Thomas/LON/ECT@ECT, John Chismar/SIN/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, David J Botchlett/HOU/ECT@ECT, Hugo Moreira/LON/ECT@ECT,
Christian LeBroc/Corp/Enron@ENRON, Joel Bennett/HOU/ECT@ECT
cc:
Subject:


I am about to explode!!  Guess who called and ask me out on a date?


Notice No. 01-58
February 16, 2001

TO:
All NYMEX Members/Member Firms
All NYMEX Clearing Members
All NYMEX Floor Traders
All NYMEX Operations Managers

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing
Members
________________________________________________________________

The expiration date for the March 2001 options contract for Cinergy (NOH1),
Entergy (OTH1), Palo Verde (VOH1) and Cob (WOH1) is Thursday, February 22,
2001.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trade=s adjusted for the previous 4 business
days by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers ATO@ your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer AFROM@ your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

STANDARD EVENT   APPROXIMATE TIME USUAL         FAST FACTS(F)
MESSAGES   OF MESSAGE  EVENT TIME E-MAIL    (E)
           AVAILABILITY    BOTH      (B)

Announce Out-of-the        5:45PM   5:45PM  F
Money Exercise and In-the-Money
Do Not Exercise Submissions

Announce Final Input to C21   6:30PM   6:45PM  E
Cutoff Time

All positions are deemed final          7:30PM   6:45PM  F

Announce Exercise/Assignment   8:25PM   8:30PM  B
Information Available on the Single
Position Maintenance Windows

All Report Distribution is  11:00PM  11:00PM  F
completed

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-58)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Pat,

I have faxed to you the financial statements of  Total Austral S.A..

We are potentially entering into a MSA with this customer. The first
transaction we are thinking about is a financial Swap to hedge their
Propane-Butane production in Caadon Alfa according to the following details:

1. Swap      Prices     Prices
SWAP (cents/ gallon) - Bid	1 year	6 months
Propane	35 3/4 	38 3/4
Butane	40 3/4	43 1/2

2. Put Option
Put Option (cents/gallon)	1 year - Premium	1 year - Strike	6 months - Premium	6 months - Strike
Propane 	2.5	32 3/4	2	35 3/4
Butane	3.0	37 3/4	2 3/8	42

Propane
Volume: 45.000 metric tons.
Starting date: Nov 1
Butane:
Volume: 19.000 metric tons.
Starting date: Nov 1

Sara: Would you please start drafting an MSA with Total Austral S.A.? Please
let me know if you need any aditional information.

Regards

John Shoobridge


FOEX prices published their weekly prices again today with NBSK coming in at $459.82 down $9.41 or 2% and BHKP (Eucalyptus/Birch) down $5.24 or 1.3%. PLease see attached.