Here is the information I received back from IT in Houston regarding the
Forward Obligation Report. It looks like, for our purposes, the most accurate
way to run the report is showing only term deals. The "Schedule" and
"Liquidate" versions of the report do not capture desk-to-desk deals, and
therefore will not show our traders' positions in relation to each other,
which I believe is what we're looking for. Am I right? Or totally crazy? Let
me know what you think.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 04/04/2001 11:33 AM
---------------------------
From: Kroum Kroumov/ENRON@enronXgate on 04/04/2001 01:34 PM CDT
To: Diana Scholtes/HOU/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc: Brett Pate/ENRON@enronXgate

Subject: RE: Forward Obligation Report

    Hi Diana & Kate,

    You are not wasting our time, you make our time valuable. You should be
able to see ver 3.0.0.36 in production and ver 3.0.0.38 in stage,
    if not phone David Poston for support. Ver 3.0.0.38 is newer and includes
insignifficant changes on the form for selection desks, which
    Corry Bentley requested here. They don't allow us to promote now things
like that to production the last five days and the first day of the month.

   Now the report is able to show both the term and schedule (liquidation)
data. The term data are the way the deal was entered with
   Deal Entry, Deal Blotter or EOL bridge, signed and confirmed. The schedule
data should be very much the same with all the changes
   in Deal Scheduling. There is no difference between schedule and
liquidation data, schedule data is a subset of liquidation one in time and
   it is about 2-3 weeks. At the moment the schedule strips for WEST contain
data from 3/22/2001 to 4/5/2001, and the liquidation
   the same data from 4/2/1996.

   Because we don't schedule normally desk-to-desk deals (I think we schedule
between EAST and WEST only) we don't have schedule
   (liquidation) data for desk-to-desk. I hided the check box to avoid
confusions. The option Show Desk is very simple, changes the format
   of the header for Region, nothing else.

   Kroum

 -----Original Message-----
From:  Scholtes, Diana
Sent: Wednesday, April 04, 2001 12:34 PM
To: Kroumov, Kroum
Subject: Forward Obligation Report

Kroum,

I was running the new version of the Obligation Report.  I was not included
in the testing phase of the new version and apparently the report is still
not doing what the "fix" was initiated for.  Originally, my discussions with
Doung Luu was for the Obligation report to capture: 1. All deals with any
changes made in Deal Scheduling and  2.  All Desk to Desk deals.  Number
(2),   I believe was the difficult one.  When selecting the option on "Show
Deals"  in order to capture schedule changes you must select "Liquidate".
This does work, but it does not give you the option to select "Show Desk to
Desk", which like I said before, was the intent of the changes.  Please
contact me for further discussion.  I apologize for not participating and
wasting your time.

Sincerely,

Diana Scholtes
(503) 464-3807

 -----Original Message-----
From:  Symes, Kate
Sent: Wednesday, April 04, 2001 12:06 PM
To: Pate, Brett; Kroumov, Kroum
Cc: Duong Luu/HOU/ECT@ENRON
Subject: Forward Obligation Report Question

Good afternoon, IT Wizards -

I'm curious about a feature on the new Forward Obligation Report. It is now
possible to run the report showing term, scheduled, or liquidated deals. In
the past I've always run the report showing term deals, then entered my
desk-to-desk deals from those numbers. Now I believe the report is designed
to pull data from our scheduling database, so I'm wondering what the
difference is between the term deal report and the scheduled deal report.
Each produce completely different numbers! Please let me know when you get a
chance.

Thanks,
Kate Symes
Trading Support
503-464-7486


I'm forwarding to each of you a fascinating document--Langley's proposal to
the DOE.  It looks like he's already been fairly specific about the interest
that the tribes will have in the various entities and contracts.  He also
promised DOE a 10 % power cost reduction (before he even knew what they were
currently paying).  He may have made some promises that are pretty to hard to
deliver on.  Developers are amazing.  DF


Hi Jana,

I would like to invite you to visit us in the Woodlands one weekend in July.
My wife wants to make the house presentable after her long absence
and the months of my neglect.
I think I need the coming long weekend to clean up all the papers
and we shall be ready. What about the following weekend or the next one?

Vince

Jlpnymex@aol.com on 06/26/2000 08:23:02 AM
To: vkamins@enron.com
cc:
Subject: contact

Vince,
How are you?  I hope you and your family had a lovely trip.

I just came back from a Series 3 prep class in NY last week.  One of my
classmates is the new President and CEO of the Montreal Exchange in Canada.
(He thought this class was going to be more advanced)

He told me his exchange is interested in derivatives, and I immediately
thought of you.  I am going to email him your info, so that he might contact
you.  His name is Luc Bertrand.

Let me know when we might all get together.  I am sure your work schedule is
hectic after being out for awhile.

Look forward to hearing from you.

Jana


Rick, I attach a copy of the strategy paper I talked through with Steve Kean
when I was in Houston in early March. It may provide you with some background
on the environment in Japan and give you an idea as to where we are heading
this year.

kind regards


Everyone,

If you have some time today, go to http://tags.dev.corp.enron.com to look at the menu and sub-menus.  Just mouse over the main items to get a drop down of the sub-menus.  Keep in mind that we'll discuss the TAGS homepage tomorrow.  Think about other color options if you don't like the current one.  If you're considering a legal disclaimer in place of the Latin text, please come up with a draft disclaimer.

See you all tomorrow at 10am.

Sheri Luong
Corporate Systems Development
Enron Net Works
ECN1831C
(713) 345-3553


Marc,

According to Houston Sidewalk the game starts at 7:30 p.m.  Why don't we pick
you up just before 7:00.  Let me know if that's a problem.

Mark


>>Dear Colleagues:
>>
>>The forthcoming Financial Times survey and the recent BusinessWeek survey
>>of MBA programs for executives do not include our executive program
>>because it has not been in operation long enough. Only programs that have
>>graduates from 1998 or earlier were included. As you know, the first
>>class graduating from the Rice MBA for executives program graduated in 2000.
>>
>>Please use this information in fielding any inquiries about the ranking
>>of our MBA for executives.
>>
>>Thanks,
>>
>>
>>Kay Henry
>>
>>
>>
>>KAY HENRY
>>Director, MBA for Executives
>>Jones Graduate School of Management
>>Rice University
>>6100 Main Street, MS-531
>>Houston, TX  77005-1892
>>Phone:  713-348-4731
>>Fax:  713-348-5131
>>Website:  http://www.rice.edu/executive
>>Link to Campus Map:  http://dacnet.rice.edu/maps/space/


FYI

gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 06/11/2001 08:28 AM -----

	Lysa Tracy/ENRON@enronXgate
	06/08/2001 04:56 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: New E-mail address

Ginger - could you please send a note to the group advising that my new
e-mail address is: Lysa.Tracy@enron.com

Lysa AKIN has been removed from the address book.

Thanks, Ginger!

Lysa Tracy
Gov't Affairs Admin. (Portland Office)
503/464-7927


Hey buddy,

Out of curiosity, what all are you bringing with you to San Antonio?  I'm running into some problems in the area of cocktail dresses as I developed some noticeable tan lines from my trip.  Oh well, I guess they're not that big a deal right?

Also, do you just want to swing by my complex Friday morning to pick me up?  I promise not to run too late.

Talk to you soon,
Susan


Angela,

The person to contact is Mark Palmer, our PR person,
713 853 4738.

Vince

"Angela Adedeji" <aadedeji@risk.co.uk> on 01/24/2000 12:05:11 PM
Please respond to "Angela Adedeji" <aadedeji@risk.co.uk>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: European Energy 2000, April, Amsterdam

Dear Vince
The brochure has now been printed and we are in the process of marketing
this event. Please can you confirm the correct person and/or dept. (eg.
marketing or PR) that I would need to speak to as I would like to discuss
the following marketing ideas which could be of interest to your company:

- I would like to send a quantity of brochures out to your clients/
contacts. We would of course cover any postage costs this incurs. We could
also include a personalised letter from you (written by us or you) and
offering a discount.
- If you have a newsletter that you send to your clients, we may be able
to
include a copy of the brochure or a notice, highlighting your company's/
speaker's involvement.
- Alternatively, we could place our EPRM logo and details of the
conference
on your website

I hope one or more of these ideas are of interest to you.
I look forward to hearing from you soon.
Kind Regards
Angela Adedeji
Tel - +44 20 7484 9886
Fax - +44 20 7484 9888
Email - aadedeji@risk.co.uk

 - att1.htm


?
----- Original Message -----
From: Lee Anne Baker
To: Mary Marshall ; April Compton ; Barbara  Buehrer ; Carll Mattio ; Chris
Goode ; Coy Price ; David Zamora ; Doris Long ; Jo Beth  Martinez ; John
Johnson ; Josh  Lockhart ; Misty Davila ; Rachell  McCorquodale ; Rachelle
Wood ; Rhonda Williford ; Shannon  Tyer ; Steve Ecord ; Susan Hineman ;
Tiffani Jones
Sent: Monday, March 12, 2001 12:07 PM
Subject: Fw: NEWEST BUMPER STICKERS AVAILABLE

?
----- Original Message -----
From: Dusty Baker
To: Jay  Tullos ; Javier Martinez ; Jason Driskell ;  Johnny Waisath ;
Deborah Baker ; Lee Anne Baker ;  Cindy Cunningham ; Uncle Sonny ; Mac Baker
; Glenn Schobert ; paula_cervantes@co.harris.tx.us  ; John  Johnson ; Randy
Johnson ; Neal  Johnson ; Bill  Valenzuela ; Jim  Cook ; Brian  Speer ; Coy
Price ; Brandi &Terrey Molnes ; Wes Abbott  ; Shawn  McCelvey ; Shannon Tyer
; Rhonda  Williford
Sent: Monday, March 12, 2001 7:25 AM
Subject: Fw: NEWEST BUMPER STICKERS AVAILABLE

?
----- Original Message -----
From: Jarrod  Frenzel
To: duck@pdq.net ; maddog5975@hotmail.com ; mistide@hotmail.com
Sent: Saturday, March 10, 2001 2:51 PM
Subject: Fwd: NEWEST BUMPER STICKERS AVAILABLE

?
>From: Rachel.Stiver@CHI.DDB.com
>To: Melissa.Albert@chicago.bbdo.com,  mpate@mcgregor-isd.org,
lisa.botta@chicago.bbdo.com, subrooks@fcb.com, sabush@usa.net,
Allison.Dehmer@LoweLintas.com,  michelediana@hotmail.com,
jarrodfrenzel@hotmail.com, joelhard@earthlink.net, cmorris@draftnet.com,
Maureen.Rubino@chicago.bbdo.com,  margaret.stiver@us.pwcglobal.com,
ibs975@aol.com
>Subject: NEWEST BUMPER STICKERS AVAILABLE
>Date: Fri, 9 Mar 2001 14:41:29 -0600
>
>
>----- Forwarded by Rachel Stiver/Chicago/DDB on 03/09/01 02:35 PM  -----
>
> Cely_Chauvin@ahm
> .honda.com To: ctc@lcc.net,
> Amy.Callender@mail.house.gov,
> 03/06/01 01:46 lampasaschamber@classicnet.net,
> PM rsbarron9@hotmail.com,
> wannabefreud77@yahoo.com,
> cstark79@hotmail.com,
> rachel.stiver@chi.ddb.com,
> mandy_vance@hotmail.com,
> ward1069@earthlink.net
> cc:
> Subject: NEWEST BUMPER STICKERS
> AVAILABLE
>
>
>
>
>
>
>
>
> > 1) The sex was so good that even the neighbors had a  cigarette.
> > 2) I don't suffer from insanity, I enjoy every minute of  it.
> > 3) I Work Hard Because Millions On Welfare Depend on Me!
> > 4) Some people are alive only because it's illegal to kill  them.
> > 5) I used to have a handle on life, but it broke.
> > 6) Don't take life too seriously, you won't get out alive.
> > 7) WANTED: Meaningful overnight relationship.
> > 8) You're just jealous because the voices only talk to me.
> > 9) VODKA: It's not just for breakfast anymore.
> > 10) I got a gun for my wife, best trade I ever made.
> > 11) So you're a feminist...Isn't that cute!
> > 12) Beauty is in the eye of the beer holder.
> > 13) Earth is the insane asylum for the universe.
> > 14) To all you virgins, thanks for nothing.
> > 15) I'm not a complete idiot, some parts are missing.
> > 16) My kid had sex with your honor student.
> > 17) Earth first...we'll mind the other planets later.
> > 18) I'm just driving this way to piss you off.
> > 19) Out of my mind. Back in five minutes.
> > 20) As long as there are tests, there will be prayer in  public schools.
> > 21) I don't have to be dead to donate my organ.
> > 22) I want to die in my sleep like my grandfather ...not  screaming and
> > yelling like the passengers in his car.
> > 23) God must love stupid people, he made so many.
> > 24) The gene pool could use a little chlorine.
> > 25) Change is inevitable, except from a vending machine.
> > 26) It IS as BAD as you think, and they ARE out to get you.
> > 27) I took an IQ test and the results were negative.
> > 28) It's lonely at the top, but you eat better.
> > 29) Give me ambiguity or give me something else.
> > 30) I know what you're thinking, and you should be ashamed  of yourself.
> > 31) Elvis is dead, and I'm not feeling too good myself.
> > 32) Always remember you're unique, just like everyone else.
> > 33) Very funny, Scotty. Now beam up my clothes.
> > 34) Consciousness: that annoying time between naps.
> > 35) Ever stop to think, and forget to start again?
> > 36) CAT ~ The Other White Meat!
> > 37) Vodka ~ The Reason I Get Up Each Afternoon!
> > 38) I Must Be a Proctologist Because I Work With Assholes!
> > 39) I'm Out Of Bed And Dressed; What More Do You Want?
> > 40) Remember My Name ~ You'll Be Screaming It Later.
> > 41) Welcome To Shit Creek ~ Sorry, We're Out of Paddles!
> > 42) If You Think I'm A Bitch, Wait Until You Meet My Mother
> >
>
>
>
>
>

Get your FREE download of MSN Explorer at http://explorer.msn.com


Pipeline integrity and safety have risen to new levels of public concern.  In the aftermath of the incidents at Bellingham, Washington and Carlsbad, New Mexico new pipeline safety regulations and legislation will require increased focus on pipeline integrity programs.  As a proactive approach to address these concerns, ETS Operations is establishing a Pipeline Integrity Program Management Group.  This group will be responsible for pipeline integrity issues for EOTT and ETS and financial reporting of EOTT's environmental and remediation projects.  The group will include the following functions:  corrosion, pipeline safety and pipeline integrity.

I am pleased to announce that Mike Nelson will relocate to Houston to lead this new initiative, as Vice President Pipeline Integrity Program Management.  Reporting directly to Mike are Max Brown and Dave Johnson.

The establishment of this new function, along with Mike's move, has given us the opportunity to rotate key staff, allowing us to achieve a broader knowledge base for the future of ETS Operations.  I am pleased to announce the following additional changes:

                                                                                Rick Craig - Vice President Southeast Operations
                                                                                Dan Pribble - Vice President Southwest Operations
                                                                                Randy Rice - Senior Director North Operations

Rick Craig and Dan Pribble will continue to office in Houston.  Randy will transfer to the Omaha office.

Don Hawkins will assume new responsibility for controls & electrical, measurement and the Clifton Machine Shop as Vice President Technical Services.  He will also continue to handle facility audits, quality management, and business development initiatives.  John Shafer, Vice President Environmental, Health & Safety, will continue to be responsible for environmental compliance and remediation, and health and safety.  John Keller, Vice President Planning & Power Services, will assume responsibility for the Beaver Machine Shop in addition to his current responsibilities.  Jerry Martin, Vice President Engineering & Construction, will continue in his current role.

The Skill Based Pay Field Training Administration group will now report to Morris Brassfield, Senior Director, Operations Support Services.

All changes will be effective October 1.  Please join me in congratulating these individuals on their new assignments.


Mr. Ken Rice
Chairman & CEO
Enron Broadband Services
1400 Smith Street
Houston, TX 77002 USA

Dear Mr. Rice:

Further to the call today, I have been referred to you by the office of Mr. Skilling.  For added background, I have had the pleasure of working with some of your US and Asian-based executives on transactions, notably Mike Gaffud in the Philippines regarding the sale of an equity interest in Subic Power, and meeting some of your board members including Mr. Ronnie Chan of Hong Kong, while working abroad in Asia. This follows a banking relationship with you all from a Bank of America stint.

I am in touch on a newly-formed entity, TeliOn Broadband, of which I am a partner.  It is an early mover, capital efficient fixed wireless integrated service provider (WISP) owning last mile applications in the focused markets we have researched and chosen.  Many of which are already in markets that Enron has presence. Attached please find the executive summary for your review.

We are in the process of our Series A launch and beta tests.  After meeting internally and given national scalability, would like to invite Enron Corporation and its affiliate, Enron Broadband Investments, to review as a potential partner for this round.  From what we understand, there seems to be some complementation to your current wireless communication interests and broadband initiatives. Supplementally, there may be a relationship to explore regarding co-location on certain tower sites. At an appropriate future point, there may be a couple of third party co-investment structures, in addition to Cisco Systems interests, for possible discussion.

Look forward to our being in touch.  We would be pleased to meet for a proper presentation to your firm.  Additional materials can be made available as needed in the form of our powerpoint overview and consolidated pro-forma from our financial model.

Finally, we would appreciate a receipt confirmation of this delivery.  Thanks for your kind attention.  Should you have questions in the interim, please feel free to contact me via below.

With Kind Regards,
ROC

/wr

--
Robert O. Colorina
Director, External & Strategy
TeliOn, LLC
The Pinehurst Centre
477 Viking Drive, Suite 460
Virginia Beach, Virginia 23452 USA
Tel: 757.548.0575 (direct)
Email: Rob.Colorina@telion.tv
--

 - TeliOn Executive Summary(1).doc


Attached is a note on UI Standard Offer service by EPMI.

Please send comments to Sandi McCubbin.

I faxed the original to 916-448-0816.


We will be looking for you. Check to see though if you get there first.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Monday, June 04, 2001 9:51 AM
To: Hal.Lenhart@apollogrp.edu
Subject: RE:

i arrive in fargo  at 12:20 from minneapolis on flight 1051. see you soon.

    -----Original Message-----
   From:   Hal Lenhart <Hal.Lenhart@apollogrp.edu>@ENRON

[mailto:IMCEANOTES-Hal+20Lenhart+20+3CHal+2ELenhart+40apollogrp+2Eedu+3E+40E
NRON@ENRON.com]

   Sent:   Tuesday, May 15, 2001 1:14 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   Saturday, June 9 through Wednesday, June 13.

   -----Original Message-----
   From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
   Sent: Tuesday, May 15, 2001 12:06 PM
   To: hfl@fp.edu
   Subject:

   what are the dates of the june trip to nd?


sorry

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, November 02, 2000 6:02 PM
To: Shoemaker, Kent (GEAE)
Subject: Re: Revised Change Order #4

Kent,

There isn't anything attached that I can open.  Am I doing something wrong?

Kay

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 11/02/2000 04:42:40
PM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Johnson, Lee L (PS,
      SSEP)" <lee.johnson@ss.ps.ge.com>
cc:   "'aivancovich@andrews-kurth.com'" <aivancovich@andrews-kurth.com>

Subject:  Revised Change Order #4

Here is the Change Order number 4 that I should have sent out earlier.
Lee,
stated on the phone call today that there may be additional comments, so
please reply to all if there are so we can revise the Facility Agreements
accordingly.

Kent

-----Original Message-----
From: Shoemaker, Kent (GEAE)
Sent: Wednesday, November 01, 2000 4:21 PM
To: 'Kay.Mann@enron.com'
Subject: RE: GE Contract

Didn't I tell you - I love outside counsel!!!

See you tomorrow
Kent

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, November 01, 2000 4:20 PM
To: Shoemaker, Kent (GEAE)
Subject: RE: GE Contract

CST.  That was right, right?

I'm going to have the outside lawyer involved for the purpose of turning
the revised draft, so long as you don't have an objection
(objecting=volunteering to turning the next draft!)

Kay

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 11/01/2000 03:11:13
PM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject:  RE: GE Contract

Is that 3:30 CST? If so, I'll be ready.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, November 01, 2000 4:08 PM
To: Stuart.Zisman@enron.com; kent.shoemaker@ae.ge.com;
Ben.Jacoby@enron.com; lee.johnson@ss.ps.ge
Subject: GE Contract

Gentlemen:

Attached is a draft of the facility agreement, without reference to WestLB.
It just came in, so I haven't reviewed it.

It looks like 330 tomorrow will work for this group, unless you tell me
otherwise.  I'll get back to you with the location.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/01/2000 03:04
PM ---------------------------

"Cope, Lori" <loricope@akllp.com> on 11/01/2000 03:00:50 PM

To:   "Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject:  GE Contract

Enclosed please find clean and blacklined versions of the GE Contract.
The blackline of the Agreement identifies the changes from the draft I
sent you. Note that no blackline of the Exhibits was necessary because
it contained no references to WestLB.
Regards,
Paul

 <<HOU_554886_3.DOC>>  <<BL554888.DOC>>  <<HOU_554888_4.DOC>>
Paul J. Pipitone
Andrews & Kurth L.L.P.
4200 Chase Tower
600 Travis
Houston, Texas  77002
Phone: 713-220-4101
Fax:  713-238-7176
ppipitone@andrews-kurth.com

The information contained in this e-mail message is legally privileged
and confidential information intended only for the use of the
recipient(s) named above.  If the reader of this e-mail is not an
intended recipient, you have received this e-mail in error and any
review, dissemination, distribution or copying is strictly prohibited.
If you have received this e-mail in error,  please notify the sender
immediately by return e-mail and permanently delete the copy you
received.

Thank you.

(See attached file: HOU_554886_3.DOC)
(See attached file: BL554888.DOC)
(See attached file: HOU_554888_4.DOC)

 - Change Order 4 (KAS 110300).doc


David, do not send out any of the information concerning the proprietary data
being collected at ENA finance or other information without first getting the
approval of Legal, Trading, and ENA Finance.  As I mentioned to you, we are
currently in process on the CFTC issues surrounding MG.  Mary

John, per my voice message, please give me a call regarding MG.  Mary

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 09/26/2000 11:36 AM -----

	David P Dupre
	09/26/2000 09:43 AM

		 To: Jefferson D Sorenson/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc: Larry Joe Hunter/HOU/ECT@ECT
		 bcc:
		 Subject: MG Soliciting Substantial Documentation

To: Jeff Sorenson
           Mary Cook

I received this from Craig Young yesterday of the MG New York office who
visited us Sep. 13-15.

If you review the Word document below, he wants me to gather much information
which
we've been selective in providing to any internal or external party. As you
know, some of this information is being
provided to Sarah Wesner under the direction of John Arnold and John Lavorato.

Given the current tentative status of MG clearing trades, I am not
comfortable in providing this data at this time to MG.

However, if you think that we should be of assistance for their own analysis
to clear/ not to clear trades, please let me know.

Thanks,

David 3-3528

---------------------- Forwarded by David P Dupre/HOU/ECT on 09/26/2000 09:28
AM ---------------------------

Craig Young
09/25/2000 12:33 PM
To: david.dupre@enron.com
cc: Craig Young/NY/ECT@ECT
Subject: Soliciting Houstons Clearing

Thanks for all of your help and here is a copy of my memo and some Rolfe &
Nola
Web system

ttp://www.rolfeandnolan.com/P_ranweb.htm

http://www.rolfeandnolan.com/Press_Docs/press63.htm

Regards
Craig

---------------------- Forwarded by Craig Young/NY/ECT on 09/25/2000 12:05 PM
---------------------------

Craig Young
09/25/2000 10:47 AM
To: Michael J Hutchinson/EU/Enron@Enron
cc: Craig Young/NY/ECT@ECT
Subject: Soliciting Houstons Clearing

h


---------------------- Forwarded by Mark Taylor/HOU/ECT on 02/08/2000 10:55
AM ---------------------------

	From:  Mark Taylor                           01/18/2000 01:15 PM

To: Ted.Bockius@compaq.com
cc:
Subject: Photos

I thought your Mom might like the first three.


I believe the committee has earned the right by its work to select the name. Jim

 -----Original Message-----
From: 	Walls Jr., Rob
Sent:	Monday, April 09, 2001 2:09 PM
To:	Derrick Jr., James
Subject:	FW: Legal Portal Name

any preference?

 -----Original Message-----
From: 	Obrecht, Paulette
Sent:	Monday, April 09, 2001 1:58 PM
To:	Walls Jr., Rob
Subject:	Legal Portal Name

We really need to get an official name for the Portal. The finalists are:

Enron Legal Edge
Enron Legal Net
Enron Legal Source
EnLaw
Enron Legal Ease (copyright issues?)

Who is going to pick this...Mr. Derrick, the GC's or the committee?

I understand that you will only have a few introductory comments on the Portal rather than a 15 minute presentation. I will be meeting with you Thursday, and we can talk about what type of slides I can prepare for you to go along with your comments. We will have a Portal Demo outside the ballroom where the participants can see the demo and be provided with information on the categories. We have a new graphic design for the Portal Header which you can see below. Let me know your thoughts?

http://www.jreese.com/files/legal.html


-----Original Message-----
From:  Alatorre, Carlos
Sent: Tuesday, May 01, 2001 4:15 PM
To: Jones, Tana
Cc: Lees, Lisa; Sever, Stephanie
Subject: FX Top Counterparties

Please see below list of Top counterparties to have access to FX product
Please let me know if you have any questions/comments
Thanks
Carlos


The nomination for 4/4/2000 is:

Deliveries:

45,000 MMBtu into Eastrans

Redeliveries:

20,000 into PG & E at Carthage
7,800 from Fuels Cotton Valley into HPL
2,200 to HPL's Cartwheel at Carthage
15,000 into Mobil Beaumont

For 4/5/2000, the nomination is as follows:

Deliveries:

75,000 MMBtu into Eastrans

Redeliveries:

20,000 into PG & E
7,800 from Fuels Cotton Valley into HPL
25,000 into HPL's Cartwheel at Carthage
7,200 into Mobil Beaumont at HSC - $.0375
15,000 into Mobil Beaumont at HSC - $.045

What's the status of PG & E.  Can we get back up to 50,000 soon?


Gentlemen,

With the company moving forward as Enron Transportation Services and the
Southwest Operations Area in place. The Southwest Environmental Team wants to
let you know they are ready to provide the same quality service and support
that they have in the past.  This should be a smooth transition but there are
still many details to workout with the addition of EOTT facilities and
boundary changes.  The team along with the rest of Environmental Health and
Safety will be meeting in the next few weeks to discuss the details of
assuring support to all customers.

Please contact any of the team members below for their normal efficient
service.

Team Leader
Mike Riedel   Larry Campbell  Gary Fuller  Dan Holli
Ofc. (316) 626-2225  Ofc.(505) 625-8022 Ofc.(661) 397-3900 Ofc.(701) 575-8101
Cell (316) 629-0308  Cell(505) 636-6211 Ext. 2211  Ext. 34
Home (316) 624-0562  Home (505) 624-0353

Rick Loveless   Butch Russell  John Steenberg
Ofc. (806) 342-2048  Ofc. (505) 260-4011 Ofc. (713) 646-7317
Cell (806) 886-8104  Cell (505) 259-0311
Home (806) 622-2200   Home (505) 864-9049

Address for Scott Clark, LeVerne Dietz, Cody Presgrove and Rick Suderman were
not found in the Enron data base.  Would one of you gentlemen with that
information forward this note to them.

Sincerely,

Southwest Environmental Team


Greg,

Please see the attached draft of the Master Firm Purchase/Sale Agreement for
your review.
Upon your review, please give me a call to discuss any questions and or
comments you may have regarding this matter.

Regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Arco has surfaced again.  They are looking at buying a fixed price for term.
I will be out for a few days.  Kim Ward will be handling this transaction in
my abscence.  Her extension is x3826.  I am assuming that we can use the
short form of ISDA we used previously.  I am assuming we are OK on credit for
up to 1 year.  If longer wie will double check with Tracy.  Please contact me
and let me now if this is OK.

Chris


Mike Roan and I met with Ed Martin, president of Wabash and Don Morton, his
legal counsel to discuss their support for our RTO position.  (Mike did a
nice job and I believe they will be supportive).

On the business side, Ed Martin would like to talk to someone from Enron to
partner with them on a deal.  They have a load management device that can be
installed in air conditioners (they are meeting with Lenox about this) and
they need a partner to market it this to utilities as a means of reducing
peak load and making power available for resale.  The product is geared
towards the residential , but could be applicable to small, medium commercial
customers and in some cases (depending on utility tariffs and what is
available), larger customers.  The other angle would be to market this
directly to customers, although that does not appear to be their focus.  I
told Ed I would have someone get back to him.  Please advise if you are
interested.

Thanks,
Janine

p.s.  You probably know this, but just in case, according to Ed , TVA is
getting squeezed by Duke and Southern and is quietly lobbying folks like the
Coops to raise the issue of increasing transmission capacity by building
additional transmission lines to better inteconnect the system.


A new version of CQG has been deployed to all current CQG users.  When you log out and log back in you may not initially see your saved layouts.
If this occurs, please follow the below instructions to retrieve your layouts.

If you need assistance please contact the resolution center at x31411 and your floor support technician will be able to assist.

Thank You.

Restoring user layouts after upgrades to 275.

once you are logged into CQG

goto SYSTEM
goto Auto Backup user setups
goto Restore from Archive tab
select most recent date prior to current day...... "its format is yyyymmddnn.zip
hit RESTORE NOW button
hit OK


I could let the fluff comment fly if you were referring to a woman that had
written such works in present day, but given that Austen was dealing with a
completely different world with decidedly different expectations for the
women in it  I cannot.  The fact that she was able to challenge those limited
expectations and never allow her heroines to sell themselves short or
compromise their character should not be taken for granted.  Yes, there is a
definite romantic bent to her works, but in addition their is amazing insight
into people, their motives, their struggles and their capacity to surprise
even themselves.  And in the end, what conquers in her novels is the union of
two individuals who have the utmost respect and appreciation for each other's
minds and characters not the unequal and servile relationships that
constituted the norm for that time.

---------------------- Forwarded by Susan M Scott/HOU/ECT on 05/11/2000 05:23
PM ---------------------------
From: Benjamin Freeman@ENRON on 05/11/2000 05:16 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: How can you not be a fan?

I can see the attraction of Jane Austen's characters. Their complicated
characters are intriguing and laughable. Yet I still prefer other genres -
things that I can more concretely apply to my daily life. It is obvious that
the same words speak differently for different people.

And thank you for keeping my literary brain cells alive with your sporadic
injections of Austen-type-fluff. (Despite the fact that the Little Woodrow's
nighttime activities are killing other brain cells.)

Susan M Scott@ECT
05/11/2000 11:55 AM
To: Benjamin Freeman/Corp/Enron@ENRON
cc:

Subject: How can you not be a fan?

Today we remember Jane Austen, the British writer born on this date in 1775.
Austen depreciated herself as a "miniaturist" and a domestic novelist of
restricted scope, but her literary legacy is large. She was also able to lay
self-deprecation aside, however, and in Northanger Abbey she declared that
novels -- her chosen genre -- are works in which "the greatest powers of the
mind are displayed, in which the most thorough knowledge of human nature, the
happiest delineation of its varieties, the liveliest effusions of wit and
humour are conveyed to the world in the best chosen language."(

Austen's work brims with general statements that are contradicted by the
people in her stories. For instance, Pride and Prejudice opens by noting that
"It is a truth universally acknowledged, that a single man in possession of a
good fortune, must be in want of a wife." The book then describes Mrs.
Bennett, mother of a household full of marriageable daughters as "a woman of
mean understanding, little information, and uncertain temper." As Austen
acquaints us with the tale of each daughter's engagements, she
wonders,                    "For what do we live, but to make sport for our
neighbors and  laugh at them in our turn?"As Austen acquaints us with the
tale of each daughter's engagements, she wonders, "For what do we live, but
to make sport for our neighbors and laugh at them in our turn?"


I will arrive late tomorrow due to a doctors appointment.

Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
Debra.Perlingiere@enron.com
713-853-7658
713-646-3490 Fax


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FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/17/2000 09:11 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
10/17/2000 07:07 AM

To: <jdasovic@enron.com>, <mary.hain@enron.com>, <smara@enron.com>,
<seabron.adamson@frontier-economics.com>, <cfi1@tca-us.com>
cc:
Subject: Fwd: Portland Consultant's Investigation Finds California Has
Capacity for Electricity Needs

FYI
Content-Transfer-Encoding: quoted-printable
Date: Tue, 17 Oct 2000 08:53:16 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Deanna King" <dking@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>,
"Ronald Carroll" <rcarroll@bracepatt.com>
Subject: Portland Consultant's Investigation Finds California Has Capacity
for Electricity Needs
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Disposition: inline

FYI - It sounds like this consultant's findings are being questioned by many
in the industry, including by the CAISO.

Portland, Ore.-Based Firm Says California Has Capacity for Electricity Needs
Dan McSwain , North County Times, Escondido, Calif.

( October 17, 2000 )

Oct. 13--PORTLAND, Ore.--A private investigation of state power markets has
come to the conclusion that California had plenty of electricity generating
capacity this summer.

The state enjoyed a 32 percent reserve margin even as wholesale prices soared
and the state's power manager declared 36 separate "power emergencies"
because California was thought to be in the grips of a critical shortage,
according to the investigation.

The author of the investigation's preliminary report, Portland-based
economist and utility industry consultant Robert McCullough, said at a
conference of analysts, power traders and electricity industry regulators
Thursday that he has found evidence that generators and trading companies
manipulated the production of power from June through August to create a
false shortage and push up prices.

The Encina power plant in Carlsbad provides a stark example: it ran at well
below its full capacity for much of June, even though wholesale power prices
---- and consumer electricity bills ---- shot to well above the generating
plant's cost of production.

The actual production of electricity by the plants was determined by an
analysis of data from the Environmental Protection Agency, which monitors
emissions.

"We are seeing a lot of under-generation," McCullough said. "This is market
power in action."

Market power is a term used by economists to describe the ability of market
participants -- in this case suppliers -- to influence prices.

Many of the industry experts present at the conference Thursday reaffirmed
their belief that supply shortages were very real this summer, and
contributed to high prices, but several participants said deregulation has
reduced the amount of market information that is available to analysts.
Mainstream economists have questioned the accuracy of data from federal
agencies, including the EPA.

Conventional explanations for the low energy production observed in San Diego
County are scant.

Encina's operators, a joint venture of energy giants Dynegy Inc. and NRG
Energy Inc. called Cabrillo Power, confirmed that the power plant had no
abnormal maintenance problems. The San Diego Regional Air Quality Board said
Wednesday that the power plant was well within its state-mandated pollution
limits.

But David Lloyd, the corporate secretary of Cabrillo, denied that the Encina
plant has been used to game the San Diego County power markets.

"That can't possibly be right," Lloyd said of McCullough's analysis. "In
North County, we were right on the ragged edge of being off (an emergency
shutdown because of heavy output).

"Without knowing the specific details of time and which units were on or off,
I can't comment," Lloyd said.

"We certainly don't want to be accused of anything wrongful," he said. "We
don't have that much power in California, and for us to be shutting down in
California to push up the price somewhere else doesn't make sense for us. We
want to run all we can when the prices are high."

Electricity prices have soared to record levels since May, resulting in a
doubling and tripling of power bills this summer for the 1.2 million
customers of San Diego Gas & Electric Co. and causing an estimated $5 billion
in losses for Southern California Edison and Pacific Gas & Electric.

State lawmakers have intervened on behalf of San Diego County consumers with
a retail rate cap, but the law in turn created a looming IOU that could grow
beyond $300 million if high wholesale prices persist.

No fewer than five private, state and federal investigations are under way to
assess the competitiveness of power markets in the interconnected Western
states. The investigations also seek to answer charges that the companies
which produce and trade electricity have either figured out how to exploit
deregulated markets to outmaneuver regulators or have engaged in outright
manipulation in order to increase profits.

Inquiries by the California Public Utilities Commission, Electricity
Oversight Board and attorney general, along with a Federal Energy Regulatory
Commission investigation, were launched in July and August. Staff
investigators of the state and federal commissions said this week that they
are still in the process of issuing subpoenas and gathering market data.

McCullough was hired in late May by the Seattle city utility and a consortium
of large industrial power consumers in the Pacific Northwest to investigate
the price spikes. His effort is thought to be the first to complete an
exhaustive analysis of state and federal information that tracks the amount
of electricity that was available and compares it to the amount of power that
was actually used.

Chief among McCullough's findings was that demand for power was lower this
summer than what was forecasted by the Western Systems Coordinating Council,
a federal agency that is charged with ensuring the stability of the vast web
of power transmission lines that connect California to 13 other Western
states, British Columbia and northern Mexico.

McCullough provided a copy of his preliminary findings Tuesday to the North
County Times, and the initial reaction of the state's energy community was
one of deep skepticism.

"EPA data is notoriously unreliable," said Frank Wolak, a Stanford professor
and the chairman of the market surveillance committee of the California
Independent System Operator, the agency that manages the state grid and which
has paid enormous sums for emergency power this summer. To gauge the actual
output of power plants that burn fossil fuel, McCullough used emissions data
from the EPA.

"Greed would get the best of anybody," Wolak said. "I found a lot of hours
where in-state generators were exceeding nameplate capacity. These guys were
cranking it out."

Wolak, in a study of power markets for the system operator, did conclude,
however, that exercise of market power by power generators and traders was
the major cause of higher prices this summer.

At the conference in Portland, most of the panelists did not openly criticize
McCullough's analysis, but implicitly disputed his conclusions by attributing
higher prices and the presumed exercise of market power to a very real
shortage of electricity generating capacity among the Western states.

Low hydroelectric production in the Pacific Northwest and high temperatures
in the Southwest were blamed for limiting California's ability to import
electricity.

Others said state and federal regulators, along with market participants
themselves, won't really know what happened until more experts look at hard
market information that is in short supply.

Ron Eachus, the chairman of the Oregon Public Utilities Commission, said
market information is routinely withheld from regulators, the public and
buyers of electricity, but is shared among power generators and trading
companies.

"If the market is sharing it with themselves, but not us, I don't buy that,"
Eachus said.

Tim Belden is the vice president of West Trading for Enron North America, the
largest marketer and trader of electricity in the world. Enron takes the
unique stand that more information which has been labeled "proprietary" by
companies, such as when a plant is being run and how much the electricity is
selling for, should be made available instantly to the markets.

"Is there a smoking gun out there or are market participants behaving
rationally?" Belden said.

"California is characterized by secret, black box market models that nobody
understands," he said. "If you've got nothing to hide, release the data."

-----

To see more of the North County Times, or to subscribe to the newspaper, go
to http://www.nctimes.com
(c) 2000, North County Times, Escondido, Calif. Distributed by Knight
Ridder/Tribune Business News.

     SRE, SCE.Q, PCG,


Prentice:  The moral of the story:  Don't, for god sakes, be a CFO.

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Monday, October 22, 2001 12:54 PM
To: 'Jeff Dasovich'; Prentice @ Berkeley; Prentice Sellers
Subject: FW: SEC Probes Possible CFO Conflict at Enron

-----Original Message-----
From: CFO.com_Newsletters@cfo.com [mailto:CFO.com_Newsletters@cfo.com]
Sent: Monday, October 22, 2001 10:52 AM
To: nancy.sellers@robertmondavi.com
Subject: SEC Probes Possible CFO Conflict at Enron

http://www.cfo.com

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Monday, October 22, 2001
Related Party Crashers? SEC Looking Into Possible Conflict on Interest at
Enron

By Stephen Taub

The Securities and Exchange Commission has requested that Enron provide
information regarding certain related party transactions.

"We welcome this request," said Kenneth L. Lay, Enron chairman and CEO in a
prepared statement. "We will cooperate fully with the SEC."

Enron, North America's biggest buyer and seller of natural gas and
electricity, noted that its internal and external auditors and attorneys
reviewed the related party arrangements, the Board was fully informed of and
approved these arrangements, and they were disclosed in the company's SEC
filings. "We believe everything that needed to be considered and done in
connection with these transactions was considered and done," Lay added.

As we noted on Friday, a limited partnership organized by chief financial
officer Andrew Fastow racked up millions of dollars since 1997 in profits
from transactions conducted with the energy company, according to The Wall
Street Journal. The partnership reportedly renegotiated the terms of deals
with Enron in ways that boosted its financial positions or reduced its risk
of losses.

REPORT: E&Y REVENUES NEARLY HALVED
Later this week, Ernst & Young will announce that its revenue growth was
nearly halved in the fiscal year ending June 30, according to the Financial
Times.

Specifically, the Big 5 professional services firm will report that revenues
rose by 7.2 percent to $9.9 billion for the year. In fiscal 2000, revenues
climbed by 14.1 percent, and by 13.5 percent the prior year.

The reason for the drop in revenue growth may be that E&Y fetches most of
its business from the United States, and the U.S. economy tanked in the
first half of this year.

"We have been successful this year, despite the economy and during a period
of great challenge and change in our profession," chairman James Turley told
the FT.

Rival Andersen has already reported that revenues rose 10 percent this year
through August 31.

Another reason for E&Y's revenue retrenchment: the strong dollar. The firm
is expected to announce that revenues increased 12.4 percent in local
currency terms, according to the paper.

Turley told the FT that his clients are less focused on the longer term and
are instead concentrating on watching expenses, cash management, debt
covenant issues, and security concerns. "We're going to see more covenant
violations and that will drive restructuring issues," Turley told the FT.

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This email was sent to:nancy.sellers@robertmondavi.com


Texas has the items and we are reviewing with Brenda on Tuesday and running
through on Wednesday.
PL


Rm. 32c2


Margaret,

Please send them to the Calgary office to my attention:

Enron Canada Corp.
Atten: Chris Dorland
3500 Canterra Tower
Calgary, AB
T2P 4H2

Thank you,

Chris Dorland


I am trying to fiind out that date I became a member of the IOD and secondly if I still am.  Please could you let me know as soon as possible.

Thanks

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 11:31 AM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	02/15/2001 11:12 AM

		 To: "Mark Evans" <mevans@bracepatt.com>, <gfergus@brobeck.com>,
<rreilley@coral-energy.com>, <acomnes@enron.com>, <dfulton@enron.com>,
<jdasovic@enron.com>, <jhartso@enron.com>, <jsteffe@enron.com>,
<mary.hain@enron.com>, <smara@enron.com>, <snovose@enron.com>,
<hao@quinnemanuel.com>, <gackerman@wptf.org>
		 cc:
		 Subject: Fwd: LA Times - Creditors Chafe at State's Pace on Power Crisis

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Thu, 15 Feb
2001 09:12:01 -0600 -----
To:	"Paul Fox" <pfox@bracepatt.com>
cc:	"Andrea Settanni" <asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"Deanna King" <dking@bracepatt.com>, "David Parr" <dparr@bracepatt.com>,
"Jeffrey Watkiss" <dwatkiss@bracepatt.com>, "Gene Godley"
<ggodley@bracepatt.com>, "Justin Long" <jlong@bracepatt.com>, "Kimberly
Curry" <kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Ronald
Carroll" <rcarroll@bracepatt.com>
Subject:	LA Times - Creditors Chafe at State's Pace on Power Crisis
Creditors Chafe at State's Pace on Power Crisis

By NANCY RIVERA BROOKS, DAN MORAIN, Times Staff Writers

     The California energy crisis is hurtling along two tracks--one the slow
lane of legislative politics, the other the hyper-speed autobahn of high
finance.

     As Stage 3 electricity alerts and billion-dollar debts mount, some
travelers on those intersecting byways are strapping themselves in for what
they see as a looming pileup, perhaps at the doors of the U.S. Bankruptcy
Court.

     Wall Street is becoming increasingly irritated with the deliberative
pace of the California Legislature and Gov. Gray Davis and his months of
unfulfilled vows of a remedy.

     Those owed money by Southern California Edison and Pacific Gas &
Electric said Wednesday that they cannot not wait forever to be paid.

     "The pace of progress is not sufficient," said Joe Bob Perkins,
president of Reliant Energy, a major power supplier in the state. "Our
accounts receivable from the past aren't being taken care of and the bleeding
is growing."

     In Sacramento, no immediate first aid is on the way.
     Davis, who says he will announce his latest plan to solve the utilities'
financial meltdown on Friday, left little doubt on Wednesday that he intends
to press for a state takeover of the massive electricity transmission system,
despite its huge value to the utilities. But key legislators predict that, no
matter what the governor proposes, they are at least two weeks away from
passing legislation to improve the situation.

     Bob Foster, the Edison official who oversees governmental affairs, said
the question of bankruptcy is "a day-to-day thing. There are signs that
creditors are getting increasingly nervous, increasingly impatient."

     "We were told last week that there will be a proposal from the
administration, and we're still waiting," Foster said.

     Senate President Pro Tem John Burton (D-San Francisco) said that if
Davis and lawmakers cannot resolve the matter within the next two weeks, "we
aren't going to be able to solve it, and it will be in other people's hands."

     Edison and PG&E have said they do not want to file for bankruptcy
protection and will do so only if forced by their creditors. A prelude to
bankruptcy, the formation of creditors committees, already has begun. Each
utility can be forced into bankruptcy by as few as three creditors owed as
little as $10,775 in unsecured debts, bankruptcy experts say.

     "We respectfully believe that the state has less time than they might
otherwise think," Gary Dunton, president and chief executive officer of MBIA
Inc., a firm that insures $1.3 billion of the utilities' debt.

     "If someone called me an hour from now [to announce a bankruptcy
filing]," Dunton added, "I wouldn't be surprised. We have been very clear
that we are frustrated with the timing, and apparent lack of urgency.

     "If you have 100 people cooking a stew, it may never be edible."
     Not everyone, however, believes that the prolonged legislative process
will make much difference in the long run, despite the howls from creditors'
and utilities.

     "I don't sense that there is a sense of urgency," said Assemblyman
George Runner Jr. (R-Lancaster). Runner, like other legislators, pointed to
repeated deadlines that have come and gone without a bankruptcy, and said:
"Crying wolf can go so far."

     Some legislators blame Davis for the delays.

     "The Legislature will pass enabling legislation. But people are waiting
to hear from [the governor's] corner office," said Assembly Republican leader
Bill Campbell of Villa Park, who has not conferred with Davis for a week. "We
think it is serious. But it is a frustrating situation."

     Some lawmakers in Sacramento believe that not all the legislative gears
are in sync, thus complicating progress. They say Davis has positioned
himself politically so that the Legislature will carry the brunt of the blame
when potential rate increases come into effect.

     "The governor is out there saying no more rate increases and that he's
on the side of consumers, while we have to do the dirty work," fumed an
Assembly Democrat, who requested anonymity out of fear that his comments
would only inflame an already tense relationship between the executive and
the Legislature.

     That irritation grew among Assembly Democrats when a poll they recently
commissioned showed the Legislature's approval rating had dropped 25 points,
while Davis' rating remained relatively high. The poll, conducted in late
January by the Sacramento firm Moore Methods, showed Davis with a 45%
approval rating, compared with only 25% for the Legislature.

     Meanwhile, the cost to the state treasury of buying power is rocketing
toward $2 billion, as the Department of Water Resources buys electricity
because utilities are no longer able to borrow money.

     "Giving [away] $2 billion that could have gone to build schools,
housing, highways and help lower taxes for consumers . . . is a moral
outrage," said Harvey Rosenfield of the Foundation for Taxpayer and Consumer
Rights.

     In the meantime, the electricity bills--and defaults by the two
utilities--continue to swell with no end in sight.

     California's power plant owners, already frustrated by the hundreds of
millions of dollars they haven't been paid by the state's two biggest
utilities, fear that the debt is growing by millions of dollars a day--even
after the state ponied up taxpayers money to buy electricity for the
utilities. That's because power purchasers for the state are refusing to pay
for all of the electricity that grid operators order on a last-minute basis
to prevent blackouts.

     Growing anxious over the slow pace of progress in Sacramento, generators
are looking for help from the courts and from state and federal regulators.
They won a victory Wednesday when federal regulators ruled that power
suppliers cannot be forced to bear the risk that they won't get paid when
grid operators order them to supply emergency power.

     Davis said Wednesday that the ongoing snags in buying power are being
worked out. The lingering problem of the utilities' estimated $12.7 billion
in electricity debts, Davis said, can be fixed by the state's purchase of the
transmission grid. The money paid to the utilities for the grid--which would
have to be negotiated--plus lease payments the state would make to the
utilities to continue operating the 32,000 miles of high-voltage wires, would
infuse the companies with enough cash to restructure their debt.

     "We're talking about a financial transaction that has value to both
sides," Davis said. "It has become increasingly clear to me that we cannot
accomplish that without purchasing the transmission lines."

     Although Davis voiced his support of taking over the utilities'
moneymaking transmission system, he has not conferred with companies'
executives for a week. In fact, they learned of it from press accounts.

     "It's all just a giant game of chicken," a top utility executive said,
asking that he not be identified. "But I'm worried that the administration is
going to overplay its hand and leave us with no options."

* * *
     Times staff writers James F. Peltz, Nicholas Riccardi, Stuart
Silverstein, Rone Tempest, Nancy Vogel and Jenifer Warren contributed to this
story.


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Rex Shelby or David Berberian to sign

From: Tana Jones on 18/10/2000 08:43
To: Louise Kitchen/HOU/ECT@ECT
cc:

Subject: Re: NDA

Mike Haney with EBS.

	Louise Kitchen
	10/17/2000 05:58 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: NDA

PWC - whose NDA is it?

Please exapnd to all VPs.

Thanks


Adam,

To follow-up on our discussion from last week:

With regards to the need for equity/certificates at the Trust level, this is really a function of the requirements posed by the investors.  Our tax group would defer to the underwriters. If the note investors can tolerate equity treatment (for tax purposes), then there should be no need for certificates in the structure.  In previous transactions, the presence of certificates has allowed the notes to be treated as debt for tax purposes and therefore the payments treated as interest income.

With regards to cross-default, a default in the Enron note does not result in a default of the swap between Enron and the third party entity or a default of the swap between Enron and the financial institution.

Attached is a diagram of the prepay structure, as discussed last week.

Feel free to call with any questions.

Regards,
Travis Winfrey
Enron Global Finance
713-345-8404
Travis.Winfrey@enron.com


Attached is the weekly money market rates list.

Please call us with any questions.

Thanks,

Julie Haviland


Eric, Jim Ajello in the industrial group is the best person.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/24/2000
07:26 PM ---------------------------

Eric Gadd
07/21/2000 04:32 PM
To: David W Delainey/HOU/ECT@ECT
cc: TJ.pimpinelli@mglondon.com
Subject: Metals - Energy Prospect

Dave- please see TJ's attached note and advise who he should contact inside
Enron for assistance on the energy and asset development side.
---------------------- Forwarded by Eric Gadd/LON/ECT on 21/07/2000 22:30
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  TJ.Pimpinelli@mglondon.com                           21/07/2000 19:48

To: egadd@enron.com, Tom_McKeever@mgusa.com, Michael_J_Hutchinson@mgusa.com,
Tim_R_Jones@mgusa.com, Philip.Bacon@mgusa.com, Marcelo.Parra@mgusa.com
cc:

Subject: Metals - Energy Prospect

(See attached file: Bonnell-memo.doc)

TJ Pimpinelli
MG London Inc.
520 Madison Avenue
28th Floor
New York, NY 10022
Tel: 212.715.5867
Fax: 212.715.2360
E-mail: tj.pimpinelli@mglondon.com

 - Bonnell-memo.doc


This is a bit long, but hilarious!!!!!

     COPIED FROM A NEWSGROUP POSTING - (the author is responding to a
woman who accidentally walked into the men's restroom):

     Please don't feel bad. It wasn't you entering the men's washroom
that caused that guy to pee on the guy next to him. Hell, we do that all the
time. It's rare us guys ever hit what were aiming for.

     Sometimes I go into the washroom, start to pee, and then just start
spinning around; just so I'll make sure I hit something.

     You see, something you ladies should understand by now is that men's
penises have a mind of their own. A guy can go into a bathroom stall because
all the urinals are being used, take perfect aim at the toilet, and his
penis will still manage to piss all over the roll of toilet paper, down his
left pant leg, and onto his shoe. I'm telling 'ya those little buggers can't
be trusted.

     After being married 28 years my wife has me trained. I'm no longer
allowed to pee like a man - standing up. I am required to sit down and pee.
She has convinced me that this is a small price to pay. Otherwise if she had
gone to the toilet one more time at night and either sat on a pee soaked
toilet seat, or fell right into the toilet because I forgot to put the seat
down, she was going to kill me in my sleep.

     Now another thing us guys don't usually like to talk about, but
because you and I have become such good friends and you think I'm a classy
guy, I might as well be candid with you because it's a real problem, and you
ladies need to be understanding. It's the dreaded "morning wood".

     Most mornings us guys wake up with two things. A tremendous desire
to pee, and a penis so hard you could cut diamonds with it. Well, no matter
how hard you try, you can't get that thing to bend, and if it won't bend you
can't aim, well hell, if you can't aim you have no choice but to piss all
over the wallpaper and that damn fuzzy toilet seat cover you women insist on
putting on the toilet.

     And by the way, when you use those damn fuzzy toilet seat covers,
the friggin' toilet seat won't stay up by itself. So that means we have to
use one hand to hold up the toilet seat and the other hand to try to control
our less than perfect aim.

     Now sometimes, when you're newly married, (and I know the guys in
here will back me up on this) you think you can get the toilet seat with
that damn fuzzy thing to stay up. You jam it back and compress that fuzzy
thing until the seat stays there. OK, so you start to pee, but then that
compressed fuzzy starts to decompress and without warning that damn toilet
seat comes flying down and tries to whack off your weenie. So us guys will
not lift a toilet seat with a fuzzy, it's just not safe.

     I tried to delicately explain this morning situation to my wife. I
told her... look, it won't bend. She said, "so sit down like I told you to
do all the rest of the time." OK. I tried sitting down on the toilet with
"morning wood".

     Well it's is very hard to get it bent under the toilet seat, and
before I could manage it, I had pissed all over the bath towels hanging on
the wall across the room.

     Now, even if you are sitting down and you can get it forced down
under the toilet seat, when you start to pee the pee shoots out from the
crack between the bottom of the toilet seat and the top of the bowl. You
piss all over the back of your knees and it runs down the back of our legs
on to that damn matching fuzzy horseshoe rug you keep putting on the floor
in front of the toilet.

     I have found the only effective maneuver to deal with this morning
urinary dilemma is to assume the flying Superman position laying over the
toilet seat. This takes a great deal of practice, perfect balance, and split
time precision but it's the only sure way to get all the pee in the bowl
during the first morning pee.

     So you ladies have to understand that us men are not totally to
blame. We are sensitive to your concerns about hygiene and bathroom
cleanliness, but there are times when things just get beyond our control.

     It's not our fault, it's just Mother Nature.

     Now, if it was Father Nature, there wouldn't have been a problem!!!


Hello,

I have paid my entry fee to cook czhili.  I have decided not to cook and would like to get a refund on my entry fee.  I can not remember what the deadline is.

Please return this email to let me if I am in time with this request.

Tom Donohoe
4702 Gladesdale Park Lane
Katy, TX 77450


you got it, you still employed?

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Monday, January 28, 2002 8:34 AM
To: Minniece Joe
Subject: HEY

GOT YOUR MESSAGE AND HEAR YOUR COMING INTO TOWN. LET ME KNOW WHAT YOUR PLANS
ARE. BELOW ARE MY NUMBERS SO YOU DONT FORGET TO CALL. CALL MY CELL, ITS
ALWAYS ON. ALSO MY HOME EMAIL ADDRESS FOR FUTURE REFERENCE.

HM 713-993-7171
CELL 713-408-7962
WRK 713-853-9636

JPARKS1@HOUSTON.RR.COM

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


fyi : bo is a big put buyer and fence seller today.  though he is trying to
defend j.

slafontaine@globalp.com on 03/29/2001 09:22:15 PM
To: John.Arnold@enron.com
cc:
Subject: Re: power gen

agree on view. as u cud tell i got a little less bearish for a bit so i delta
hedged and day traded to keep from losing a ton, let go og the delta after aga
number which was exactly on my forecast still implying 7.5 bcf swing(i
actually
thot it could have been worse so my range pre was 5-12 basis past cupla weeks
aga. that said i with you took my lumps. having a very good month in petro
helped me hold on to natgas shit p&l. got most of it back now tho.trying to be
more patient.
    think we hold 5.20's  for another week or so-must be plenty chopped up
traders mite mean we lose some momentum for a bit.
    what the hell was going on today between you and bo(seems i see this more
and more)? how come he always seems to be fighting you on this stuff. if he
would go the same way as you(and i) this mkt would just crap. either way im
unwinding-gonna be making a jump soon(thats p&c for the moment). will keep u
informed of course.
  power gen up 3% last week and cal rate hikes the kiss of death for demand in
cal this summer i think

John.Arnold@enron.com on 03/29/2001 07:45:02 PM

To:   Steve LaFontaine/GlobalCo@GlobalCo
cc:
Fax to:
Subject:  Re: power gen

Wow, what a week so far.  Beauty of a short squeeze early on.  Even some of
the biggest bears I know were covering to reestablish when the market lost
its upward momentum.  Unfortunately, my boat is too big to play that way.
Takes too long to put the size of the position I manage on or off to play
that game.  just had to sit back and take my lumps. couldnt have been a
more bearish aga # in my opinion.  got one more decent one and then watch
out below.  amazing that we've had more demand destruction recently.  the
economy is the 800 pound gorilla that is sitting on nat gas and it aint
getting up.


I'm leaving shortly for the airport, but I will give you a call when I get back so we can discuss transport to SA.
I am way too excited about this trip (many pics will be taken).

Susan

I completely agree about foregoing the Mucky Duck Tuesday...too cold and too rainy for me.

	Enron Capital & Trade Resources Corp.  From:  "Jennifer Bowles" <jkbowles@hotmail.com>                           03/28/2001 02:58 PM

To:	sscott5@enron.com
cc:
Subject:	Hello!

Oh boy was that ever a thunderstorm last night.... it was GREAT!!!  Good
call on not heading out... we will re-schedule for sure :o).

I'm excited about your trip to the Caymans... lucky dog!

So... about our little venture to S.A.... when are you getting back from
your trip?  I am up for driving Friday morning.  If you want to go to Austin
Thursday night please feel free... that is fine... I just feel calmer when I
don't have to drive at rush hour.  Aaahhh!!!

I can't wait to catch up wich choo!

Talk to you soon,

Jen
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Thanks, I appreciate it!  What should I do with the Japanese counterparty on
the 9/26/00 list?  Shut them down for all trading on Japan based products
until I hear from you?  Will you be coming to the Legal Conference here in
Houston next week?  Maybe we could chat then?!

	Jane McBride@ENRON
	09/27/2000 09:46 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, John Viverito/Corp/Enron@Enron@ECT
		 Subject: Re: Financial Products in Japan

Dear Tana,

Am hoping to get something to you by end Friday.

Jane McBride

	Tana Jones@ECT
	09/27/2000 11:37 PM

		 To: John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron
		 cc: Alan Aronowitz/HOU/ECT@ECT
		 Subject: Financial Products in Japan

It appears that we have now opened up our first Japan based financial product
on EnronOnline, and I need to get some direction from you as to what
restrictions, if any, we have on (1) counterparties located/incorporated in
Japan trading Japan based financial products, and (2) counterparties not
located in Japan trading Japan based financial products.

Previously, the only Japanese financial product we had was weather, but it
wasn't being sold by a Japan based Enron company, so my understanding was
that I didn't have any particular restrictions under Japanese law for
counterparties located in or outside Japan in trading this product.  Now that
the product is being sold by a Japan based company I am wondering was
restrictions I might have to keep in mind when doing my daily online
approvals.

The only are Japan based direction I am getting is from the Broadband legal
team (Robbi Rossi) which have told me Japanese counterparties can only trade
US bandwidth segments.

P.S. we do have a Japanese counterparty on the 9/26/00 list.


Hi John,
First the happier news. This is the latest  "unofficial" snow report.

On Friday , Jan traded $40
Today Dec 3,  jan traded 41, cal 2002 traded  42 and after that 41.75 ( on peak got bid up to 55.5 +/-15.2 HR bid )

 - Fernie Alpine Resort - Powder Skiing in the BC Rockies.url


Chris,
We are taking $100M to Schedule C tonight.  I don't know when it may be
released.

DG


The PPO - Power Purchase Option - is a unique program based on the IL restructuring law.  Texas has no analogous service.

I agree with your statement that we don't need an RTO, we need to fix the physical retail transmission rules.  It's important to keep consistent messages.

Jim

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Thursday, November 01, 2001 4:28 PM
To:	Steffes, James D.
Cc:	Migden, Janine
Subject:	FW: ICC Meeting

Jim -- Would Entergy in Texas have a PPO?  In your testimony at the Texas PUC we argued that a retail program doesn't necessarily need an RTO -- it does need the ability to go physical on a fair basis, including rational imbalance provisions of the TP OATT--not punitive.  Here we are stating that there should be a continuation of ComEd's PPO until there is a functioning wholesale market, including a good imbalance provision.  Should the argument go more toward that retail physical could work if ComED changed certain tariff provisions now, even without a PPO?

 -----Original Message-----
From: 	Migden, Janine
Sent:	Monday, October 29, 2001 3:42 PM
To:	Ader, Jeff; Allegretti, Daniel; Baughman, Edward D.; Bernstein, Mark; Boston, Roy; Burrows, John; Clynes, Terri; Courtney, Mark; Decker, Charles; Detina, Ken; Frazier, J Ryan; Gahn, Scott; Hueter, Barbara A.; Kingerski, Harry; Letke, Eric; Lewis, James; Mastrangelo, Lino; Merola, Jeff; Migden, Janine; Nicolay, Christi L.; Persson, Roger; Roan, Michael; Sewell, Doug; Shapiro, Richard; Sharfman, Guy; Sharp, Greg; Snyder, Brad; Steffes, James D.; Stoness, Scott; Landwehr, Susan M.; Ulrich, Marc; Whalan, Jubran; Wood, James; Young, Ress
Subject:	ICC Meeting

The ICC Energy Committee held a meeting to discuss ComEd's proposal to drop the PPO.  We argued that this should not be allowed until the wholesale market/delivery issues are dealt with because otherwise customers will have no choice but to return to ComEd at the higher bundled rate.  The good news is that a rather lengthy discussion on this issue ensued as a result.  The industrial customer group and Mid American Energy supported our views; however AES New Energy said that this was not a problem for them.

We also commented that once the PPO goes away it should not be resurrected due to the uncertainty it would create in the market.  ComEd responded that under the statute they can not offer to waive the PPO but could negotiate an arrangement on the CTC if approached by the customer.  This would mean that we could negotiate on behalf of all our customers regarding the CTC.

We have the opportunity to file comments to the Commissioners before the actual filing.  A draft is attached.

 << File: Commissioner Terry Harvill.doc >>

If you have any comments, please respond by the end of the week.


I've changed both of these deals to be confirmed, since we're confirming all
daily trades now. Just wanted to let you know.

Kate


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/25/2000
05:37 PM ---------------------------

VKaminski@aol.com on 05/14/2000 08:03:36 PM
To: vkamins@enron.com
cc:
Subject: Fwd: Book and EPRM articles

Content-transfer-encoding: quoted-printable
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From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
To: vkaminski@aol.com
Message-ID: <862568C8.0077BFB4.00@notes.ect.enron.com>
Date: Fri, 21 Apr 2000 16:47:55 -0500
Subject: Book and EPRM articles
Mime-Version: 1.0
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X-Mailer: Unknown

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/21/2000
04:49
PM ---------------------------

"Chris Strickland" <chris@lacima.co.uk> on 04/20/2000 04:32:32 AM

Please respond to "Chris Strickland" <chris@lacima.co.uk>

To:   "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:   "Julie" <julie@lacima.co.uk>
Subject:  Book and EPRM articles

Hi Vince,

I was wondering how the chapter of the book is coming along??! Do you want  me
to make 'noise' tomorrow or to leave you until after Easter?

Until then, I wanted to discuss with you an idea  that Les and I have been
throwing around concerning writing a series of articles  for Risk's 'Energy
and
Power Risk Management'. We would like to propose to  them?that we would write
an
article a month, covering practical issues  dealing with energy modelling and
energy derivative pricing and risk management.  The articles would be based
upon
sections of the book so as to promote the book,  and to reduce the effort/time
involved by using?already produced material.  We would like to cover some very
practical topics, but we?won't be giving  too much away as the articles are
only
1 or 2 pages long.

Each article would be of?the  form;

- introduce?the concept
- give an example using real data
- discuss the problem with a case study
- provide a discussion
- sum up

I've included a list of potential articles at the  end of this e-mail. For
example, for the first one,  "Estimation of mean reversion in spot energy
prices", we would introduce  the concept of mean reversion,?show a graph of an
equity index and an  energy price?for illustration of our point, estimate the
parameter for a  series of energies over a number of seasons, and finally,
discuss the  results.

We?are wondering if you would like to be  involved in this project? Your
involvement needn't take much time (although it  is up to you). The kind of
input we are hoping for (again, this is up to you) is  that you?would?review
the
list of articles and  provide?suggestions of additions or deletions, suggest
reasonable data sets  or case studies to work with on each article, and then
to
run your eye over  "near finished" articles, which?we would supply to you for
your?practical experience?input.? Would something like this  interest you? If
it
did, we would try to sell Risk on making it a regular  monthly "feature" of
EPRM, authored by all three of us.

We are hoping to present our proposal to Risk in  the next few weeks, so
please
let us know if you are interested.

Best regards.

Chris.

Potental EPRM articles;

1- Estimation of mean reversion in spot energy  prices (with parameters
estimated for oil, gas, and electricity data over  different seasons)

2- Estimation of jumps in spot energy prices (with  parameters estimated for
oil, gas, and electricity data over different  seasons)

3- Simulating a mean reverting spot price process  for pricing energy
derivatives (with case study applied to an Asian option on  oil)

4- Simulating a jump / diffusion spot price process  for pricing energy
derivatives (with case study applied to a Swaption on natural  gas)

5- Simulating a mean reverting jump / diffusion  spot price process for
pricing
energy derivatives (with case study applied to  hourly caps on spot
electricity)

6- An analytical pricing formula for pricing caps  in a mean reverting spot
price model (with example applied to a cap on natural  gas fitting the Forward
curve and volatlity structure)

7- using a tree consistent with the forward curve  and vols for pricing swing
options

8- implying a single?factor vol function from  market Futures option prices
and
variation of parameters thru time

9- adding jump volatility to the tree

10- An analytical pricing formula for pricing caps  in a multi-factor forward
curve model(with example applied to the same cap on  natural gas and a
discussion on the differences between the two  approaches)

11- Estimating volatility functions for  multi-factor forward curve models
(with
estimates of oil data over different  periods)

12- Estimating volatility functions for  multi-factor forward curve model from
market option prices

13- pricing swing option in multi factor model  using tree for exercise
strategy

14- comparison of VaR methodoligies applied to the  same energy derivativ
portfolio.


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tmullins@tmanage.com


Steve:

Attached is a memo I have prepared on Chris Hessler, whose name has been
submitted to the White House by Gov. Whitman as candidate for AA for Air and
Radiation at EPA.

I believe Enron should weigh in to the White House fairly soon in support of
Whitman's decision to appoint Hessler to AA for Air.

Linda Robertson has reviewed the memo.  Her only concern is that we be
careful in our approach to backing this candidate when Senator Jim Inhofe
(R-OK) is pushing for another candidate. Linda suggests that we discuss
strategy on this in DC on Tuesday, when you and I are both in town.   I have
no problem waiting until Tuesday, but seem to remember that Ken Lay may be
leaving town and we may need to get talking points in his hands sooner -- I
await your guidance on this.

Information on the EPA Region IX candidate coming soon -- still waiting to
interview the guy with Dave Parquet/Sam Wehn, who I want to ask some tough
questions about some of the problematic energy/air issues in CA.

Thanks,

Jeff

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541