Working on it -- Joey is running mini-books.

 -----Original Message-----
From: 	Royed, Jeff
Sent:	Tuesday, October 30, 2001 9:00 AM
To:	Taylor, Joey; Olney, Matthew; McLaughlin Jr., Errol
Cc:	Keiser, Kam
Subject:	FW: P&G

As discussed yesterday, please run a mini-book on two the  P&G deals that I gave Errol (details showing the exact legs involved with NG-MM are also given) to determine the exact position and M to M value of these deals.  These deals will ultimately be given to EES for them to manage but we will keep our traders indifferent P&L and position wise.  If you can get this to me by early this afternoon, that would be great.

Thanks

JR
 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, October 29, 2001 8:05 AM
To:	Royed, Jeff
Subject:	FW:

Jeff,

Can you take this over for me?  There is a deal with Procter & Gamble that Troy Black originated.  It was booked as a sale with ENA but should be in the EES books.  According to Mark Breese ENA should be kept whole, to the mids only, not against offers.  There were also hedges on the volumes that need to be moved as well.  I have asked Troy and Derek Baily about these hedges and they don't know anything about it.  I doubt that a hedge was done specifically for these deals so we may have to get bids/offers to fill the position that is left when the deals are moved to EES.  Can you get with Derek Baily and take care of this today?

Thanks

Kam

 -----Original Message-----
From: 	Breese, Mark
Sent:	Monday, October 22, 2001 5:35 PM
To:	Keiser, Kam
Subject:

need to work with you to transfer a deal from your books to our.... Your trader is  Troy Black,  Deal is sale at TCO city gate -- retail deal.  We need to transfer the short, the hedges (including basis and some triggers) to our books --- should be flat (i.e., p/l stays with you......

Please see Troy for customer name and we can touch base

Mark S. Breese
Director, Gas Structuring
Enron North America
P.O. Box 1188
Houston, TX 77251-1188

Phone:  (713) 853-6751
Cell:      (713) 419-1038


Clayton:

Here are some preliminary answers to your questions (and I have copied GPG
and Government Affairs folks as well to share this information):

1)  I am currently assessing the situation regarding pipeline safety
legislation.  This week has been very quiet on Capitol Hill as all of the
members are back in the states on August recess running for re-election and
it is a big vacation week for staff...but here's what I am hearing:

As you may or may not know, we have been been very active this year trying to
temper pipeline safety legislation that was fairly reactionary in the wake of
last summer's liquid pipeline accident in Bellingham, WA.

SENATE:  In June, Senators John McCain (R-AZ) and Slade Gorton (R-WA) led the
charge to pass a pipeline safety bill (S. 2438) out of the Senate Commerce
Committee, and that bill is awaiting floor action in the Senate.   Because of
the hasty way in which S. 2438 was drafted and passed, there was a
realization by both Republicans and Democrats in the Senate that the bill
could not make it to the floor for a vote until some serious changes were
made -- mostly things that were deal breakers for industry.  Enron and El
Paso were leading the charge and we had a number of Senators backing our
efforts to negotiate changes, including Majority Leader Trent Lott (R-MS),
Kay Bailey Hutchison (R-TX), John Breaux (D-LA), and Sam Brownback (R-KS).
From what I've learned since the accident, these Senators are not changing
their strategy and are still asking for the same improvements.  Fortunately,
most of the changes we were looking to make were fairly technical and not the
types of things that would be seriously compromised by the accident.
Industy was already in the position of having to accept a number of things
they never would have if not for he Bellingham incident...the El Paso
incident just reinforces those.   The biggest potential effect I see from the
El Paso accident is an increased effort to pass something before the Congress
adjourns in early October.  The New Mexico Senators are already calling for a
floor vote on the McCain/Gorton legislation, and I there will certainly be
greater pressure on leaders to wrap up negotiations, get agreement from all
sides on a bill, and move it unanimously through a vote on the Senate floor.

HOUSE:   The House is moving a bit more slowly, but again, I'd expect the El
Paso situation to expedite things somewhat.  There were several bills
introduced in the House that were not moving anywhere, including an identical
copy of the McCain legislation introduced by Rep. Bob Franks (R-NJ).  Franks
is now anxious to move legislation, as he is running for Senate and would
love to take credit for helping out on an issue of national visibility.
Before the accident, House Tranportation Committee leaders on both the
Democrat and Republican side were working on a "consensus" bill that they
could introduce in early September and move quickly through the Committee and
to the House floor.   I'm told that negotiations on that legislation are
moving forward and a draft bill will be produced shortly.  Unlike our
experience in the Senate, we have had significant input into the bill in
advance, and expect something that we can live with -- and something more
reasonable than the McCain bill.   With that said, there may be an effort to
expand the bill in a few areas because of the El Paso accident, so we'll have
to see what kind of hand we're dealt in the next few weeks.

Overall, I'd expect pipeline safety legislation to be given higher priority
when Congress returns after Labor Day.  In the absence of this accident, I
would have given it slim odds of passing in the few short weeks until
adjournment, with appropriations bills taking up most of Congress' precious
time.   Now there will be greater pressure to come to consensus and move
bills through by an expedited process, so that everyone running for election
in November can show that they've done something about this terrible
tragedy.   With that said, there's still not that much time to get
legislation through, so I'd say that there's still a chance it may not get
done this year.   If I had to attach a number to it, I'd say that the El Paso
accident improves the chances of legislation going all the way to probably
50-60%.

2)  Gas supply to California:   I'll have to do some more checking in this
area and get back to you.   All I've heard so far is that the safety
questions that remain may slow the speed of restarting flow on the line,
notwithstanding that El Paso thinks it can have things running again fairly
quickly.   I'm sure the power crunch in California will put some
counter-pressure on, but I just don't have good intelligence on this yet.

With all this said, I'm on vacation this week and parts of next week
finishing up some leave I've taken for the birth of our new baby daughter, so
I may not have an additional report for you until early to mid next week.

If you have questions, please respond by e-mail, or leave a message on my
voice mail at 202-466-9157.

Regards,

Jeff Keeler

	From:  Cynthia Sandherr                           08/23/2000 09:48 AM

Sent by: Allison Navin
To: Clayton Seigle/HOU/ECT@ECT
cc: Jeffrey Keeler/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON

Subject: Re: pipeline aftermath

Jeff Keeler in our office handles pipeline safety issues and I am copying him
on this e-mail so that he may reply to you directly.  Also, Cynthia is out of
the office through the end of the week but will be reachable tomorrow and
Friday.  Thanks.

Allison

Clayton Seigle@ECT
08/22/2000 06:29 PM

To: Cynthia Sandherr/Corp/Enron@ENRON
cc:

Subject: pipeline aftermath

Hi Cynthia:

The commercial officers here are very concerned with the El Paso pipeline
explosion in New Mexico.  We would love to get some input from your group on
the following questions if possible:

1.  What is the status of pipeline safety legislation on the Hill, and what
is the outlook for action between now and the end of the year?

2.  What are people from California saying about the added pressure on gas
supplies, and what are people from New Mexico saying about restarting the
flow of gas while safety questions remain?

These questions come straight from the top, and any information you could
provide would be very helpful.  Please write me back or call and let me know
if/when you think we might be able to get some initial answers.

Thanks very much!

Clay


John:

Attached is the vol. skew that was used for the current day (April 10) calc;
the prior day (April 9) calc. still used the one you loaded on Mar. 30.

i.e., the official post_id 1101853 used the April 10 vol. skew for current
day but the Mar. 30 vol. skew for the prior day valuations.

Jeremy


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Lloyd,

I would like Ricardo and I to sit down with Kevin and go over how our PJM
load forecast model works. I want to use it, or a version of it, for day to
day sensitivity analysis. I haven't met Kevin yet so if you could mention
this to him I would appreciate it. I would also like to sit down with you
some time this week to talk about PJM fundamentals and co-ordinating our
analytical efforts. I want to get a feel for what we have done and set some
goals as to what needs to be done. Let me know if one afternoon this week
works for you.

Thanx,

Chris Dorland


I am happy to introduce a new addition to the West Power Structuring Desk -
Glenn Surowiec.

Glenn received his MBA from SMU in 1999 and has since worked for Enron in two
capacities: 1) Structured Finance in Houston and 2) Commodity Structuring at
EBS in Portland.

Pleae stop by and introduce yourself to Glenn and join me in welcoming him to
our office.

Todd A. Perry    503.464.8122 (work)
Enron North America   503.807.6106 (cell)
121 SW Salmon Street   503.464.3740 (fax)
3WTC 0306    todd.perry@enron.com
Portland, OR  97204


Several of you have asked me for another reminder to turn in contributions.
Earlene and I will go shopping on Thursday morning, so you may continue to
give contributions to the group gift to Earlene or myself through close of
business on Wednesday (tomorrow).

If you have any questions, please let me know.

For those of you who have already contributed as well as those who plan to
bring an individual gift - thank you - and please forgive the many reminders.

Thanks,
Margo
----- Forwarded by Margo Reyna/NA/Enron on 10/24/2000 08:18 AM -----

	Margo Reyna
	10/20/2000 01:09 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Lysa
Akin/PDX/ECT@ECT, Joseph Alamo/SFO/EES@EES, Margaret Allen/Corp/Enron@ENRON,
Daniel Allegretti/HOU/EES@EES, Ray Alvarez/TRANSREDES@TRANSREDES, Brenda
Anderson/NA/Enron@Enron, Joe Allen/NA/Enron@Enron, Beverley
Ashcroft/LON/ECT@ECT, Sergio Assad/SA/Enron@Enron, Carol
Barcus/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carlos Gustavo
Azevedo/SA/Enron@Enron, Lynnette Barnes/NA/Enron@Enron, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stacey Bolton/NA/Enron@Enron,
Scott Bolton/Enron Communications@Enron Communications, Roy
Boston/HOU/EES@EES, Rob Bradley/Corp/Enron@ENRON, Gisele S
Braz/SA/Enron@Enron, Jeff Brown/NA/Enron@Enron, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen D
Burns/Corp/Enron@ENRON, Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Guillermo Canovas/SA/Enron@Enron, Margaret Carson/Corp/Enron@ENRON, Eidy
Catala/TRANSREDES@TRANSREDES, Tom Chapman/HOU/ECT@ECT, Ricardo
Charvel/NA/Enron@Enron, Mary Clark/Corp/Enron@ENRON, Carolyn
Cooney/Corp/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Dasovich/NA/Enron@Enron, Tom
Delaney/Corp/Enron@ENRON, Susana Del Castillo/TRANSREDES@TRANSREDES, Karen
Denne/Corp/Enron@ENRON, Cindy Derecskey/Corp/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron, Bill Donovan/EPSC/HOU/ECT@ECT, Jean R
Dressler/HOU/EES@EES, Sharon D Eley/HOU/EES@EES, Amy Fabian/Corp/Enron@ENRON,
Vinio Floris/Corp/Enron@Enron, Robert Frank/NA/Enron@Enron, Howard
Fromer/HOU/EES@EES, Bruno Gaillard/EU/Enron@Enron, Laura
Glenn/OTS/Enron@ENRON, Mary Hain/HOU/ECT@ECT, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hartsoe/Corp/Enron@ENRON,
Damon Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bernadette
Hawkins/Corp/Enron@ENRON, Marie Hejka/Corp/Enron@ENRON, Robert
Hemstock/CAL/ECT@ECT, Nancy Hetrick/HOU/EES@EES, Joe
Hillings/Corp/Enron@ENRON, Tom Hoatson/HOU/EES@EES, Chauncey
Hood/DUB/EES@EES, Barbara A Hueter/DUB/EES@EES, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Ingersoll/HOU/ECT@ECT,
Paul Kaufman/PDX/ECT@ECT, Jeffrey Keeler/Corp/Enron@ENRON, Patrick
Keene/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Robin
Kittel/HOU/EES@EES, Laurie Knight/DUB/EES@EES, Susan M Landwehr/HOU/EES@EES,
Donald Lassere/Enron Communications@Enron Communications, Leslie
Lawner/NA/Enron@Enron, Lara Leibman/Enron Communications@Enron
Communications, Alberto Levy/SA/Enron@Enron, Linda L Lawrence/HOU/EES@EES,
Marcia A Linton/NA/Enron@Enron, Chris Long/Corp/Enron@ENRON, Gia
Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeannie
Mandelker/HOU/ECT@ECT, Susan J Mara/SFO/EES@EES, Luiz Maurer/SA/Enron@Enron,
Melinda McCarty/Corp/Enron@Enron, Sandra McCubbin/SFO/EES@EES, Tracy
Cooper/Enron Communications@Enron Communications, Ron
McNamara/NA/Enron@Enron, Maureen McVicker/NA/Enron@Enron, Lindsay
Meade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Merrill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janine Migden/DUB/EES@EES, Terri
Miller/HOU/EES@EES, Marcie Milner/Corp/Enron@ENRON, Kathy
Mongeon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Montovano/DUB/EES@EES,
Bill Moore/NA/Enron@Enron, Cecilia Morellato/SA/Enron@Enron, Mericha
Morrissette/Corp/Enron@ENRON, Allison Navin/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah Palmer/HOU/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christi L
Nicolay/HOU/ECT@ECT, Sue Nord/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON,
Earlene O'Connell/NA/Enron@Enron, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lindolfo Ernesto
Paixao/SA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Javier
Pantoja/TRANSREDES@TRANSREDES, Christie Patrick/HOU/ECT@ECT, Carmen
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gus Perez/Corp/Enron@Enron, Mona L
Petrochko/SFO/EES@EES, Meredith Philipp/Corp/Enron@ENRON, Rodney
Reagor/Corp/Enron@ENRON, Brandon Rigney/Corp/Enron@ENRON, Frank
Rishe/HOU/EES@EES, Helen Rizzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carrie A
Robert/NA/Enron@Enron, Marchris Robinson/NA/Enron@Enron, Sandra
Rodriguez/Corp/Enron@ENRON, Gavin Russo/Corp/Enron@ENRON, Cynthia
Sandherr/Corp/Enron@ENRON, Mark Schroeder/LON/ECT@ECT, Ann M
Schmidt/Corp/Enron@ENRON, Mary Schoen/NA/Enron@Enron, Linda
Sietzema/CAL/ECT@ECT, Mike G Smith/NA/Enron@Enron, Gloria Solis/HOU/ECT@ECT,
Dan Staines/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Sharonda
Stephens/Corp/Enron@ENRON, Joan Stransky/Corp/Enron@ENRON, Kerry
Stroup/DUB/EES@EES, Lora Sullivan/Corp/Enron@ENRON, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael Terraso/OTS/Enron@ENRON,
Susan Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Courtney Votaw/NA/Enron@Enron,
Steve Walton/HOU/ECT@ECT, Geriann Warner/HOU/EES@EES, Melinda
Winkler/EPSC/HOU/ECT@ECT, Angela Wilson/NA/Enron@Enron, Jane
Wilson/Enron@Gateway, Xi Xi/Enron Communications@Enron Communications,
Charles Yeung/HOU/ECT@ECT, Lisa Yoho/HOU/EES@EES, Jennifer
Zoch/Corp/Enron@Enron, Dortha Gray/GPGFIN/Enron@ENRON, Michelle
Hargrave/HOU/ECT@ECT, Kathleen Wagner/NA/Enron@Enron, Melinda
Pharms/HOU/ECT@ECT, Kathleen E Magruder/HOU/EES@EES, Salisha
Ramos/NA/Enron@Enron, Betty J Coneway/HOU/ECT@ECT, Suzanne Brown/HOU/ECT@ECT,
Sara Davidson/EPSC/HOU/ECT@ECT, Elizabeth Labanowski/EPSC/HOU/ECT@ECT, Rita
Hartfield/Enron Communications@Enron Communications, Ashley Dietz/Enron
Communications@Enron Communications, Susan T Covino/HOU/EES@EES, Thomas S
Reichelderfer/DUB/EES@EES, Janel Guerrero/Corp/Enron@Enron, Stephanie
McMurray/NA/Enron@Enron, Christina Albers/Corp/Enron@Enron, Rebecca W
Cantrell/HOU/ECT@ECT, Katherine Reyna/Corp/Enron@Enron
		 cc:
		 Subject: Reminder:  Elizabeth Linnell's Baby Shower

This is just a friendly reminder that Elizabeth's baby shower is quickly
approaching.  Here are the details:

October 27, 2:00 p.m.
EB 47C2

If you have not already done so, and wish to contribute to the group gift,
please give your contribution to Earlene or myself by close of business next
Tuesday, October 24.

Please call me (x3-9191) or Earlene (x3-7870) if you have any questions.

Thanks,
Margo


Jay,

I can't see the new IRAs on the web site.  It's no big deal.  But I would
like to have them linked.  Thanks.  Did you go to the playoff games?  It's
been a long time coming.

DG


I came in this weekend to go through the model that I thought you were going
to send me on Friday.  Can you send that over so I can get up to speed with
it.  I am just trying to learn how you have been valuing these assets.  Thanks
Ben


How is your wounded eye?


The Senate may vote on its version, SBX 1, tonight.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/07/2001 02:53 PM -----

	Scott Govenar <sgovenar@govadv.com>
	05/07/2001 02:33 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>, Michael McDonald <Michael.McDonald@enron.com>,
Sandra McCubbin <Sandra.McCubbin@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, "Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>,
Mike D Smith <msmith1@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>,
Robert Frank <rfrank@enron.com>, Ken Smith <ken@kdscommunications.com>, Janel
Guerrero <Janel.Guerrero@enron.com>, Miyung Buster <Miyung.Buster@enron.com>,
Jennifer Thome <Jennifer.Thome@enron.com>, Eric Letke <eletke@enron.com>,
Mary Schoen <Mary.Schoen@enron.com>
		 cc:
		 Subject: ABX 128 - Windfall Tax - Passage

ABX 128 (Corbett), which establishes a windfall profits tax, passed out
of the Assembly Revenue and Taxation Committee on a party-line vote.
The bill was completely rewritten in committee to do the following.  I
will fax bill language to Houston, Portland and San Francisco.  If
anyone else would like language, please e-mail me.

a.    Create a Tax on Excess Gross Receipts from Electrical Energy
Distribution.

b.    Impose the tax on the person making the first sale of electrical
power in or into California for consumption.

c.    Establish as the measure for the tax, 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 price (the 'base
price').

d.    Establish a $60 base price.

e.    Create a rebuttable presumption that the base price represents a
fair sales price.

f.    Add a mechanism to require withholding of the tax from purchasers,
other than purchasers who are residential
consumers or small business users.

g.    Require sellers to file annual tax returns to report the tax on
excess gross receipts and pay any remaining tax due.

h.    Allow sellers to file a claim for refund in an attempt to rebut
the presumption that the base price represented a  fair sales price with
respect to that seller.

i.    Establish the connections to California giving rise to  liability
for the tax.

j.    Include a sunset date for the tax after 5 years.


Start Date: 1/20/02; HourAhead hour: 12;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012012.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


Jenn,  Here is Jeff and Cathy's flight info.  Mine and Babs are the same
except for the first legs to Tokyo.  We go from Houston to Minneapolis to the
city the Godzilla destroyed.  I.e. Tokyo.  Then we catch the same flights
from Tokyo to Shanghai.  We have the same return flights.
?

?JEFF  GILLASPIE????????????????????????  GILLASPIE/JEFFREY
A????????????????
?P.O. BOX  7134?????????????????????????  CLARKE/CATHLEEN
M??????????????????
?HOUSTON TX?  77007????????????????????????????????????????????????????????

?MAR 28 2001???  ITIN????????? AGENT  CODE:1KN7DJ???? CUSTOMER CODE:ILLAS-JEF

?06 JUN  01 - WEDNESDAY
? NORTHWST AIR FLIGHT:  6007???????????????  CLASS: Q???? CONFIRMED
? LV:?  HOUSTON/INTCON??????????????????????  1200N??????????????  NONSTOP???
? ARR:  TOKYO/NARITA?????????????????????????  335P??????????????  MILES: 6642
? AIRCRAFT: BOEING 777  JET????????????????????????????????  FLT. TIME: 13:35
?  LUNCH-DINNER???????????????????????????????????????????????????

?07 JUN 01 - THURSDAY
? NORTHWST AIR FLIGHT:??  11???????????????  CLASS: Q???? CONFIRMED
? LV:?  TOKYO/NARITA?????????????????????????  635P??????????????  NONSTOP???
? ARR:  SHANGHAI/PUDON???????????????????????  835P??????????????  MILES: 1119
? AIRCRAFT: BOEING 747  JET????????????????????????????????  FLT. TIME:? 3:00
?  DINNER?????????????????????????????????????????????????????????

?16 JUN 01 - SATURDAY
? NORTHWST AIR FLIGHT:  5985???????????????  CLASS: Q???? CONFIRMED
? LV:?  SHANGHAI/PUDON???????????????????????  550P??????????????  NONSTOP???
? ARR: SAN  FRANCISCO????????????????????????  105P??????????????  MILES: 6151
? AIRCRAFT: BOEING 747  JET????????????????????????????????  FLT. TIME: 10:15
?  DINNER-BREAKFAST???????????????????????????????????????????????

? NORTHWST AIR FLIGHT:  6442???????????????  CLASS: Q???? CONFIRMED
? LV:? SAN  FRANCISCO????????????????????????  300P??????????????  NONSTOP???
? ARR:  HOUSTON/INTCON???????????????????????  831P??????????????  MILES: 1635
? AIRCRAFT: BOEING 757  JET????????????????????????????????  FLT. TIME:? 3:31
?  SNACK??????????????????????????  SEAT-14D14E????????????????????

?**RATES SUBJECT TO CHANGE UNTIL BOOKED AND  TICKETED**????????????????
?FARE QUOTED $812.60? PER PERSON. RATE INCLUDES ALL TAXES AND  FEES????
?THANK YOU FOR CALLING TRAVEL  INC.????????????????????????????????????
?A GOVERNMENT ISSUED PHOTO ID IS REQUIRED TO BOARD ALL  FLIGHTS.???????


>  -----Original Message-----
> From: 	Peters, Carmen [mailto:carmen.peters@nissan-usa.com]
> Sent:	Wednesday, October 10, 2001 9:16 AM
> To:	Athey, Lyn; Castaneda, Lorinne; Hernandez, Catheryn
> Cc:	'Miller, Erin'; 'Michelle'; 'Sandy'; 'Sonja'; 'Theresa'; 'Tim &
> Dawn'; 'Vicki & Beau'; 'Vicky & Jeff'; 'Yvon'
> Subject:	FW: US Flag
>
> Good morning!
>
> A friend sent this to me and I just couldn't resist
> forwarding it out.  It is a small waving flag in the
> lower right corner of your screen.
>
> http://www.deskflag.com/
>
>
> "The power to unite is stronger than the power to
> divide"
>
>
>
> __________________________________________________
> Do You Yahoo!?
> NEW from Yahoo! GeoCities - quick and easy web site hosting, just
> $8.95/month.
> http://geocities.yahoo.com/ps/info1


testing you bitch.
mat


Group,
Please send EES models to the following address from now on: "EES Power
Settlements".  More folks at EES would like to see our work.
Thanks,
Bill


Novak and I are still working on it. John's view is that the legal analysis
provided by Tozzini is not supportable based on the facts of certain regs,
etc.  We are trying to decide what are the implications so we can advise the
banks. It seems that we probably do need to assign the agreements.

From: Stephen Gray@ENRON_DEVELOPMENT on 11/28/2000 03:41 PM EST
To: Rob G Gay/NA/Enron@Enron
cc:

Subject: Transmission Regulation Memo

Rob,

Your name came up on the Cuiaba taks list call today.  The issue was the
summary of the ONS contracts issue (who needs to signe ONS contracts... EPE
or Furnas?).

Have you received the information you needed form Tozzini?  What is the
status of that memo?

thank you,

Steve Gray
202-466-9174


Hi everyone

Just a quick reminder that we have an EBS  offsite meeting coming up --
MONDAY AND TUESDAY, OCTOBER 16TH AND 17TH -- IN VANCOUVER, B.C.
This is just a quick email to remind everyone to put this on their calendars
-- we will be staying at the Hotel Waterfront -- I have already taken care of
the room reservations --   we have a block of rooms reserved, all harborside
rooms -- I will send more information on the hotel -- confirmation room
numbers, etc. and meeting times as well as extracurricular activities planned

Please take the time to locate your birth certificate and/or passport since
you may need these documents to get into Canada -- you need either a) your
driver's license and birth certificate OR b) a passport --

I will be sending out another email with more information -- please let me
know at this time if you will be attending the meeting.

Tracy J. Cooper
Please note my name has changed from McLaughlin to Cooper
Enron Broadband Services
Government Affairs
(503) 886-0396


Dr. Harris:
 I hope you had an enjoyable summer and it did not go too quickly, as I felt
mine did.  I wanted to let you know that I am still very much interested in
attending the Business School.
 I took your advice this summer and took a graduate level finance class
(Financial Management), which I received an A.  I was very pleased with
myself, because I had not taken this type of class in quite some time.  I
have also decided to take another graduate level finance class
(Macroeconomics), which I am currently taking.
 I also sent my information regarding my learning disability into GMAC to try
and receive a "special testing status" for the GMAT.   I am currently waiting
to hear back from them with their decision.  When I hear back from GMAC, I am
planning on re-taking the GMAT to try and increase my score.
 As you can see, I am still very much interested in attending the Business
School for next year and I'm in the process of doing whatever I can to
increase my application profile.
 Please let me know if there is anything else you think I need to do to
enhance my application profile.   Again, I hope all is going well and I look
forward to hearing from you soon.

Regards,

Ben Rogers

Associate
(713) 853 -7998
Enron Corp.


I guess you mean Wendi, no Molly?


fyi guys....

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 06/27/2000
04:23 PM ---------------------------

Jeffery Fawcett
06/27/2000 04:17 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Ronald Matthews/ET&S/Enron@ENRON, Terry
Galassini/ET&S/Enron@ENRON, James Centilli/ET&S/Enron@ENRON, Darrell
Schoolcraft/ET&S/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON, Rich
Jolly/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Julia
White/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Steven
Harris/ET&S/Enron@ENRON

Subject: Caithness Big Sandy, LLC. Project

The project's consultant, George Briden, of Snake Hill Energy, called me
today to say that Caithness Corp. has decided to move forward with plans for
the Big Sandy, LLC. Project.  To refresh your memory, the project is a
proposed IPP to be located about 40 miles south of TW's pipeline along
Highway 93, about 2 miles outside of Wickieup, Arizona.  I've attached a
simple bitmap below (click on it and hit "view") indicating the location of
the project relative to Transwestern's facilities.  Ultimately, the project
would be built for approx. 1,000 MW of generation in two phases.  Phase 1
will burn approx. 80,000 Dth/d, and phase 2 will burn an additional 120,000
Dth/d.  Initial indications are for the project to be in service in early
2002, with the lateral pipeline and gas service required as early as Q2, 2001.

Caithness Corp., based in New York, is a privately held company with diverse
interests including geothermal (renewable) electric generation facilities
(Coso Plant) in California.  George reported that Caithness would like for
Transwestern to build, own and operate the plant with facility costs (current
estimate, $20.3MM) to be amortized vis-a-vis a throughput/rate commitment.
Caithness would also like the project to be interconnected to El Paso's
system and the Questar Southern Trails Pipeline if that project should ever
be completed.

Obviously, we'll have to wade throught the legal/regulatory issues
surrounding this deal structure, as well as the requisite credit assurances.
With respect to the former, I think if we view this pipeline
ownership/operation structure more as a financing mechanism with associated
operating agreements, then we're probably OK.  With respect to the later,
George assured me that Caithness can/will set-up a funding mechanism that
would give Transwestern sufficient assurance of payback.

George would like to bring down a couple of representatives from Caithness to
meet with Transwestern sometime the week of July 10.  He suggested either
Omaha or Houston for the meeting, inasmuch as he'd like Drew Fossum to be
present.

Drew, I'm thinking it might be easier/better to have the meeting here in
Houston given our immediate access to maps and engineering data regarding the
lateral pipeline.  If you concur, what day(s) do you have open that week and
is there an opportunity for you to hop Bill's plane for either one or both
legs of the trip down here?  I'll ask Ron Matthews and maybe one or two
others to join us so we can cover a fairly broad base of functions in one
sitting.

Will you get back with me as soon as you can?  Others on the distribution, if
you can sit tight we'll get you more information as this meeting date/time
comes together.  Thanks.


Its appropriate to make the change.  I will leave it up to you guys to choose the appropriate replacement (since I don't know Cindy).  Thanks.  Greg
 -----Original Message-----
From: 	Rapp, Bill
Sent:	Monday, November 05, 2001 9:24 AM
To:	Fossum, Drew; Porter, Gregory J.
Subject:	Marketing Affiliate Compliance - Northern Natural

Drew and Greg,

	Andy Fastow is currently shown in the organizational chart on Northern Natural's electronic bulletin board as "President, Northern Pipeline Sales Division".  Apparently, he was named to this position because he was not an officer or director of one of our marketing affiliates and was also not an officer or director of Northern. This satisfied the requirements of the marketing affilate rule. Given recent personnel changes at Enron Corp., it's now necessary to find a replacement for Andy Fastow. Frazier King suggested Cindy Olson, who also is neither an officer or director of a marketing affiliate nor an officer or director of Northern.  I wanted to run this by both of you before proceeding further. I would appreciate your thoughts. Thanks.


Per my conversation with Kathy Bolan at PG&E Energy Trading, Canada
Corporation (and my confirmation thereof with Messrs. Suttle and Bowen), all
cross-border trades between PG&E Canada and ENA should go under the master
between PG&E Canada and ECC.


---------------------- Forwarded by Thomas A Martin/HOU/ECT on 03/20/2001 03:48 PM ---------------------------

Thomas A Martin
10/13/2000 01:56 PM
To:	Gary Taylor/HOU/ECT@ECT
cc:
Subject:	Re: Entex weather hedge

Gary,

I don't think that we will be using a weather hedge this season.  The hedges that we have used before have worked well because we have had very warm winters and have correlated very well with Entex takes.  I am not as confident in the correlation in a closer to normal temperature environment which is the forecast for this winter.

Tom

<Embedded StdOleLink>


Just a word of thanks to Enron for its Vision & Values.  I have just read
them again and found them up lifting.

I am writing you because prior to working for Enron, Ken Lay and Enron were
synonymous.   I had not known the value and respect that Enron had for it's
employees.   Great belief.

Thanks again for the words of encouragement (Vision & Values)

Winifred Flix Isaac
X35844


FYI
 -----Original Message-----
From: 	Quick, Joan
Sent:	Friday, September 21, 2001 10:39 AM
To:	Boyt, Eric; Schroeder Jr., Don; Rollins, Don; Proffitt, Tim; Diamond, Russell; Zivley, Jill T.; Haas, Merrill W.
Cc:	Cook, Diane H.; Spence, Tricia; McMichael Jr., Ed; Fox, Craig A.; Robinson, Charles; Hudler, Shirley A.
Subject:	Project Cuba Status

As you know, we submitted our bid this past Wednesday.  Lehman did call Marshall late yesterday, and we answered their questions.  They said they were going to get together with Cuba all day Monday, and will make their decision late Monday, and notify the company on Tuesday.  Apparently Lehman's view is that prices are going to $1.50, and then mentioned several times that they would want to hurry up and close, before prices fall further.

They have also called again this am to ask more questions.

joan


Enron Troubles Only the Tip of the Iceberg?
TheStreet.com, 10/26/2001

Under the Radar: Enron's Flickering Bulb
TheStreet.com, 10/26/2001

DJ Enron Unit,New England Market Downplay Report Of Default
Dow Jones, 10/26/2001

Enron Lawsuit Over Microsoft Broadband Agreement May Block MSN
Bloomberg, 10/26/01

Enron Executives Sent Requests for Details of Affiliate Profits
Bloomberg, 10/26/01

Enron Still Target in California Amid Other Problems (Update1)
Bloomberg, 10/26/01

Enron Bonds Fall as Company Taps $3 Bln Credit Line (Update5)
Bloomberg, 10/26/01

Keller Rohrback L.L.P. Investigates Potential Claims on Behalf of Enron Corp. -- ENE -- Employees and Former Employees
Business Wire, 10/26/01

Enron Troubles Only the Tip of the Iceberg?
By Peter Eavis <mailto:peavis@thestreet.com>
Senior Columnist
TheStreet.com
10/26/2001 05:23 PM EDT
URL: <http://www.thestreet.com/markets/detox/10003083.html>

Dealings with a related party have tarnished Enron's (ENE:NYSE - news - commentary) reputation and crushed its stock, but it looks like that case is far from unique.
The battered energy trader has done business with at least 15 other related entities, according to documents supplied by lawyers for people suing Enron. Moreover, Enron's new CFO, who has been portrayed by bulls as opposing the related-party dealings of his predecessor, serves on 12 of these entities. And Enron board members are listed as having directorships and other roles at a Houston-based related entity called ES Power 3.
The extent of Enron's dealings with these companies, or the value of its holdings in them, couldn't be immediately determined. But the existence of these partnerships could feed investors' fears that Enron has billions of dollars of liabilities that don't show up on its balance sheet. If that's so, the company's financial strength and growth prospects could be much less than has generally been assumed on Wall Street, where the company was long treated with kid gloves.
Enron didn't immediately respond to questions seeking details about ES Power or about the role of the chief financial officer, Jeff McMahon, in the various entities. Enron's board members couldn't immediately be reached for comment.
Ten Long Days
Enron's previous CFO, Andrew Fastow, was replaced by McMahon Wednesday after investors criticized Fastow's role in a partnership called LJM, which had done complex hedging transactions with Enron. As details of this deal and two others emerged, Enron stock cratered.
The turmoil that resulted in Fastow's departure began two weeks ago, when Enron reported third-quarter earnings that met estimates. However, the company failed to disclose in its earnings press release a $1.2 billion charge to equity related to unwinding the LJM transactions. Since then, investors and analysts have been calling with increasing vehemence for the company to divulge full details of its business dealings with other related entities. Enron stock sank 6% Friday, meaning it has lost 56% of its value in just two weeks.
Enron's End Run?
New financial chief's involvement in Enron business partners
Enron-Related Entity	Creation DateMcMahon Involved?

ECT Strategic Value Corp.4/18/1985	Yes
JILP-LP Inc.	9/27/1995	Yes
ECT Investments Inc.	3/1/1996	Yes
Kenobe Inc.	11/8/1996	Yes
Enserco LLC	1/7/1997	Yes
Obi-1 Holdings LLC	1/7/1997	Yes
Oilfield Business Investments1/7/1997	Yes
HGK Enterprises LP Inc.	7/29/1997	Yes
ECT Eocene Enterprises III Inc.2/20/1998Yes
Jedi Capital II LLC	9/4/1998	Yes
E.C.T. Coal Company No. 12/31/1998	Yes
ES Power 3 LLC	1/7/1999	Yes
Enserco Inc.	3/25/1999	No
LJM Management LLC	7/2/1999	No
Blue Heron I LLC	9/17/1999	No
Whitewing Management LLC2/28/2000	No
Jedi Capital II LLC	4/16/2001	No
Source: Detox
However, Enron has yet to break out a full list of related entities. The company has said nothing publicly about McMahon's participation in related entities, nor has it mentioned that its board members were directors or senior officers in ES Power 3. (Nor has it explained the extensive use of Star Wars-related names by the related-party companies.) It's not immediately clear what ES Power 3 is or does. So far, subpoenas issued by lawyers suing Enron have determined the names of senior officers of ES Power 3 and its formation date, January 1999.
Among ES Power 3's senior executives are Enron CEO Ken Lay, listed as a director, and McMahon and Fastow, listed as executive vice presidents. A raft of external directors are named as ES Power 3 directors, including Comdisco CEO Norman Blake and Ronnie Chan, chairman of the Hong Kong-based Hang Lung Group. A Comdisco spokeswoman says Blake isn't commenting on matters concerning Enron and a call to the Hang Lung group wasn't immediately returned.
Demands, Demands
Rating agencies Moody's, Fitch and S&P recently put Enron's credit rating on review for a possible downgrade after an LJM deal that led to the $1.2 billion hit to equity. Enron still has a rating three notches above investment grade. But its bonds trade with a yield generally seen on subinvestment grade, or junk, bonds, suggesting the market believes downgrades are likely.
If Enron's rating drops below investment grade, it must find cash or issue stock to pay off at least $3.4 billion in off-balance sheet obligations. In addition, many of its swap agreements contain provisions that demand immediate cash settlement if its rating goes below investment grade.
Friday, the company drew down $3 billion from credit lines to pay off commercial paper obligations. Raising cash in the CP market could be tough when investors are jittery about Enron's condition.
This week, a number of energy market players reduced exposure to Enron. However, in a Friday press release, CEO Lay said that Enron was the "market-maker of choice in wholesale gas and power markets." He added: "It is evident that our customers view Enron as the major liquidity source of the global energy markets."
McMahon reportedly objected to Fastow's role in LJM, allegedly believing it posed Fastow with a conflict of interests. But he will need to convince investors that the 12 entities he's connected to don't do the same. Enron has said that its board fully approved of the LJM deals that Fastow was involved in. Now, board members will have to comment on their own roles in a related entity.

Under The Radar: Enron's Flickering Bulb
By Christopher Edmonds <mailto:cedmonds@thestreet.com>
Special to TheStreet.com
10/26/2001 05:08 PM EDT
URL: <http://www.thestreet.com/comment/chrisedmonds/10003075.html>

While the bulb at Enron (ENE:NYSE - news - commentary) may not have burnt out, it's clearly flickering. To date, investors aren't sure whether Chairman and CEO Ken Lay is up to the task of re-energizing the company he once built to greatness.
What's happened at the Houston energy giant-turned-dwarf could've been imagined with any number of ne'er-do-well companies during the well-chronicled bubble. But this is Enron. As one longtime Enron bull and shareholder said, "I never had to worry about Enron's ability to survive until this week. I still find it hard to believe."
Peter Eavis has done an exceptional job of chronicling Enron's adventures for some time. If you'd listened to him earlier this year, you'd have profited from his knowledge. His reporting on Enron's partnership shenanigans to the departure of Chief Financial Officer Andrew Fastow has been outstanding.
The rumors -- from a pending bankruptcy to a Justice Department investigation -- are, for now, just that. And, Enron did not single-handedly cause the California power crisis, nor is Royal Dutch/Shell (RD:NYSE - news - commentary) about to make a bid to buy the company. Sources do tell me that head-count reductions are likely through employee buyout offers and the company is set to refocus on its core energy business. And, while former CEO Jeff Skilling shares culpability for the current mess, his departure appears only indirectly related to Enron's current woes.
Now, Enron faces the daunting challenge of rebuilding both its business and, more importantly, its reputation.
The Company's Challenge
But what does Enron do now? It's very simple. Come clean, clean up the mess and refocus on its core business: wholesale energy markets, risk management and retail energy services. They support each other and create a platform that can be plenty profitable without a lot of gimmicks.
"Our gut feel is that Enron can pull it off, and long-term investors should hold firm, as eventually the stock gets valued on earnings, with upside potential to $25 per share over the next 12-18 months," says Jeff Dietert, power analyst at Simmons & Co. and a member of the TSC Energy Roundtable. "We believe new money with high risk tolerance should wait until Enron announces its intentions for communicating a clear path to recovery."
Dietert outlines four challenges for Enron. One, management must regain the Street's confidence and persuade investors that it can resolve balance-sheet strength and generate the expected earnings and cash flow. Two, Enron must maintain its investment-grade credit rating. Three, Enron must successfully execute its divestiture plans. Four, Enron must control the timing of the recognition of the write-down in the value of any assets where market value is less than book.
Straightforward? Yes. Easy to accomplish? No.
Although Enron says additional write-downs are unlikely -- except a $200 million charge early next year as the result of an accounting change -- analysts aren't so sure. They're focused on the company's Global Assets portfolio, sporting $6 billion in book value but generating an EBIT (earnings before interest and taxes) loss of $18 million over the past 12 months.
The divestitures include $390 million in exploration and production assets in India, $250 million in a Puerto Rico power plant and $250 million in a Brazilian power plant in the fourth quarter as well as the pending sale of Portland General, which is set to close in 2002. There will likely be others. However, Enron has to execute here, and given the current state of its affairs, the seller will feel the pressure.
The credit-rating issue is a fine line. The current ratings, BBB+ from Standard & Poor's and Baa1 from Moody's, are three levels above non-investment grade. However, both rating agencies now have Enron on their radar screens for possible downgrades. Dietert estimates that Enron's debt-to-market cap will be about 48% by year-end, and the company has interest coverage (EBITDA/ interest expense) of about 3.5 times. By comparison, the average S&P BBB-rated company has a debt-to-cap of 47.4% and interest coverage of about 6.1 times. The average BB company has debt-to-cap of 61.3% and interest expense of 3.8 times.
Frankly, everything falls on Enron's management team and its ability to reassure investors. "If Enron's management does not step up to calm investor fears, these fears could become a self-fulfilling prophecy," Dietert says. "In the potentially vicious cycle, investor fears could drive stocks down; the lower stock prices force the rating agencies to consider downgrades; potentially lower credit ratings force counter-parties to reduce exposure to Enron, limiting Enron's ability to generate earnings and cash flow."
It's time for Enron to grow up. Despite a lot of uncertainties and risk, I think it will. Investors with risk capital should do their homework on the stock and think about strategy. It's a tough call that requires strict, individual discipline.
There's an irony to this whole story, especially in Enron's lack of candor in reporting its financial results. In a much-lauded advertising campaign, Enron, looking to challenge conventional wisdom, asks the simple question, "Why? Ask why."
Investors are now asking. It's time for Ken Lay to answer.
First Things First
Many readers have asked about my relative quietness this week. Thank you for your concern. My father has fallen ill after fighting the effects of a brain tumor for more than a decade.
The choice was easy. I'm with him and my family.
Enjoy your weekend with family and friends.

DJ Enron Unit,New England Market Downplay Report Of Default
2001-10-26 17:14 (New York)

   By Kristen McNamara
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Enron Corp.'s (ENE) retail sales unit defaulted on its
credit requirement in New England's wholesale power market this month, but the
event was neither unique nor newsworthy, the energy company and the
organization that developed the market's rules said Friday.

  The operator of the region's wholesale power market informed Enron Energy
Services last week that, for the third time in 12 months, it had traded a
greater volume of electricity than allowed by the bond it had posted and was at
risk for expulsion from New England's market.

  But it was administrative mixups, rather than financial problems, that
triggered the warning, which a few other companies have also received in the
past, the market's rulemaker said.

  "I can state with considerable confidence that there have been other
participants" that have defaulted on their credit agreements, "and it's never
been in the news," said David Doot, secretary and general counsel for the New
England Power Pool, which developed the policies governing the region's
electricity market. "My instinct is that this is blown way the hell out of
proportion."

  News of the Enron unit's default appeared in a trade publication and a major
metropolitan newspaper this week, as Enron's dealings with partnerships headed
by its former chief financial officer contributed to a plunge in the company's
stock and bond prices.

  Enron Energy Services never received word that it had defaulted on its
bonding requirement twice before, because both times it corrected the problem
within a day, spokeswoman Peggy Mahoney said.

  The letter sent by ISO New England, which operates the region's power market,
to notify the Enron unit of its third violation was addressed to the wrong
person, delaying the company's response, Mahoney said.

  "Clearly, it was an administrative error that we immediately took care of to
ensure that we would never exceed the volume limit," Mahoney said.

  The company resolved the problem by Oct. 19, Mahoney said. ISO New England
spokeswoman Ellen Foley confirmed Friday that the company had cured its
default.

  It's rare for a company to default three times, but it has happened on
occasion, Foley and Doot said.

  "I won't say it's commonplace, but I won't say it's unusual for a participant
to find itself out of compliance," Doot said. "Those things have in fact
happened from time to time."

  -By Kristen McNamara, Dow Jones Newswires; 201-938-2061;

Enron Lawsuit Over Microsoft Broadband Agreement May Block MSN
2001-10-26 16:47 (New York)

Enron Lawsuit Over Microsoft Broadband Agreement May Block MSN

     Houston, Oct. 26 (Bloomberg) -- Enron Corp.'s lawsuit
alleging Microsoft breached a contract for broadband services
could temporarily block the largest software company's high-speed
Internet service in some U.S. regions.

     Microsoft said the dispute temporarily blocks the company
from providing the high-speed service in areas where Enron
provides broadband access, leaving MSN fully operational only in
the 14 states where Qwest Communications International Inc.
operates, said Bob Visse, director of marketing for MSN.

     Enron's lawsuit was filed yesterday. Microsoft had planned to
offer fast Internet access in 45 cities beginning yesterday to
give the largest software company access to potential customers in
29 million homes. Microsoft, the No. 2 U.S. Internet provider, is
making a push to win customers from AOL Time Warner Inc.

     ``We are trying to resolve the issues with Enron as quickly
as possible and at the same time we are evaluating other
providers,'' Visse said.

     Officials at Houston-based Enron, the largest energy trader,
did not immediately return calls for comment.

                         The Agreement

     Enron in June signed an agreement with Microsoft to provide
bandwidth for MSN Internet service. Under the agreement, Enron
isn't required to deliver operational broadband services if
Microsoft hasn't first provided a billing and ordering system, Dow
Jones newswire reported.

     Enron claims in its lawsuit that Microsoft failed to deliver
the ordering and billing system required in the initial phase of
the deal, Dow reported.

     Enron's lawsuit comes after Microsoft said in an Oct. 23
letter that Enron will have breached the contract if it hasn't
provided an operational bandwidth system by Oct. 25, allowing
Microsoft to recover damages.

     Shares of Redmond, Washington-based Microsoft fell 36 cents
to $62.20, while Enron shares fell 95 cents to $15.40.

--Joyzelle Davis in Los Angeles (213) 617-0582, or

Enron Executives Sent Requests for Details of Affiliate Profits
2001-10-26 15:36 (New York)

Enron Executives Sent Requests for Details of Affiliate Profits

     Houston, Oct. 26 (Bloomberg) -- Lawyers for a shareholder
suing Enron Corp. are asking executives of the largest energy
trader to disclose any income they made from their involvement
with affiliated companies that bought and sold Enron assets.

     Lawyers have made the requests to President Greg Whalley,
Vice Chairman Mark Frevert and Chief Financial Officer Jeff
McMahon and 83 other employees arrived at Enron's Houston offices
this week, said Paul Paradis, a partner in the New York law firm
Abbey Gardy. Requests also were sent to 17 Enron partnerships such
as Whitewing Management and Marlin Water.

     Paradis represents Fred Greenberg, an Enron shareholder who
is suing the company's board for allowing former Chief Financial
Officer Andrew Fastow to run partnerships that cost the company at
least $35 million in cash and $1.2 billion in lost shareholder
equity.

     The requests are aimed at determining if Enron executives
benefited financially from roles as officers and directors of
partnerships that bought and sold company assets. Enron formed at
least 18 such affiliated companies, listing executives and
employees as officers and directors of the partnerships, according
to Texas secretary of state records.

     Under Texas law, failure to respond to the document requests
will result in subpoenas being issued. Subpoenas could go out next
week if responses don't arrive by then, Paradis said. Enron
spokeswoman Karen Denne didn't respond to requests for comment
about the document requests.

     The executives earned no income from the partnerships, Enron
spokesman Mark Palmer has said. ``There are no financial interests
in the structures themselves for any Enron employee,'' Palmer
said. He said it's common for a company to name its executives to
the boards of affiliates.

                       Affiliates Have Debts

     Texas records show Chief Executive Officer Kenneth Lay,
Frevert, Whalley, McMahon and dozens of other people who list
their address as Enron's corporate headquarters serving as
officers and directors of limited liability companies and foreign
business corporations.

     The document requests ask Enron executives for information on
any form of compensation or benefit received from any of the
affiliates, including stock grants and options. They also ask the
executives to disclose any equity or partnership interests in the
affiliates.

     Enron formed many of the affiliates to buy company assets
such as power plants and natural-gas pipelines. That allowed Enron
to move debt associated with those projects off its books.

     The affiliates bought the assets with borrowed money. They
plan to repay the debt by eventually selling the assets. Enron
might be liable for any shortfall between the sales proceeds and
the debt. That could amount to at least $3.3 billion if the assets
don't generate any money, a remote possibility, the company has
said.

                            Few Answers

     Investors and analysts pressed Enron Chief Executive Officer
Kenneth Lay for details on the finances of the partnerships in a
conference call Tuesday.

     Today, Enron spokeswoman Karen Denne didn't respond to
questions about one of them, ES Power 3 LLC.

     Texas records list 78 Enron executives and employees as
officers, directors and managers of ES Power 3 LLC. The entire
Enron board is also listed.

     Shares of Enron $1.15 to $15.20 in late trading.

--Russell Hubbard in the Princeton newsroom at 609-750-4651, or at

Enron Still Target in California Amid Other Problems (Update1)
2001-10-26 16:15 (New York)

Enron Still Target in California Amid Other Problems (Update1)

     (Updates with closing share price in last paragraph.)

     Sacramento, California, Oct. 26 (Bloomberg) -- Enron Corp.,
facing an inquiry by federal securities regulators into
partnerships run by the former chief financial officer, remains a
target of investigations and lawsuits in California.

     California lawmakers and regulators have accused power
providers of manipulating the state's energy market to raise
prices. Enron, the biggest energy trader, and other power sellers
have denied the charges repeatedly.

     Next month, a California Senate committee investigating the
power market plans to hold a hearing to determine if Enron and
other generators are complying with subpoenas for trading
documents. Enron has been filing documents in Sacramento,
California.

     ``They are still putting documents in their depository, and I
don't think they've completed that process,'' said Alexandra
Montgomery, a consultant to the committee. It ``remains to be
seen'' whether Enron is complying with its subpoena, she said.

     The suits and inquiries came after wholesale power prices in
California soared, leaving the state's two largest utilities
insolvent. Under California's plan to open its electricity market
to competition, the utilities of PG&E Corp. and Edison
International weren't allowed to pass rising costs to customers.

     ``I know that we're doing our best to comply with what the
committee is asking for,'' Enron spokesman Mark Palmer. ``We are
putting documents in the depository, and we're looking forward to
a speedy resolution.''

     Shares of Houston-based Enron have fallen by more than half
since Oct. 16. The company ousted Andrew Fastow as the chief
financial officer Wednesday amid a U.S. Securities and Exchange
Commission inquiry into a partnership he ran that cost Enron $35
million.

                            Grand Jury

     Enron also is one of the companies being investigated for
civil and criminal violations by California Attorney General Bill
Lockyer, who convened a grand jury in June.

     Lockyer has been criticized by Enron officials for telling
the Wall Street Journal in May that he would like to put Enron
Chairman Kenneth Lay in ``an 8 x 10 cell that he could share with
a tattooed dude who says `Hi my name is Spike, honey.' '' Lockyer
later apologized for the remark.

     The attorney general's investigation is proceeding, Lockyer
spokeswoman Sandra Michioku said. Michioku said she didn't know
when civil or criminal charges against Enron or other power
providers might be filed.

     ``Our investigation is still being pursued,'' she said. ``We
had to go to court to get Enron to turn over documents, so that
slowed things down a bit.''

     Enron's Palmer said he didn't know the status of the attorney
general's investigation.

     ``I think the attorney general demonstrated his willingness
to take a fair and impartial look a long time ago when he made his
vulgar and unfounded remarks about our chairman,'' Palmer said.

                           More Lawsuits

     Enron, along with other major power providers such as Duke
Energy Corp. and Dynegy Inc., face at least five lawsuits alleging
they manipulated California energy prices in violation of
antitrust laws.

     The cases, which include separate complaints filed by the
City of San Francisco, California Lieutenant Governor Cruz
Bustamante and various consumers, currently are in state courts
awaiting a coordination proceeding, said Michael Aguirre, a lawyer
representing Bustamante. The lawsuits should be assigned to a
judge by the end of next month, he said.

     If the complaints succeed, the companies might be ordered to
repay profits from any illegal activities and pay fines, including
triple damages.

     Enron's stock fell 95 cents, or 5.8 percent, to $15.40,
declining for the eighth day in a row. The shares have fallen 80
percent in the past 12 months.

--Daniel Taub in Los Angeles, (323) 801-1261 or

Enron Bonds Fall as Company Taps $3 Bln Credit Line (Update5)
2001-10-26 16:18 (New York)

Enron Bonds Fall as Company Taps $3 Bln Credit Line (Update5)

     (Adds investor comment in fourth paragraph.)

     Houston, Oct. 26 (Bloomberg) -- Enron Corp. bonds and shares
fell after the largest energy trader tapped a $3 billion credit
line because it has been shut out of the leading market for low-
interest, short-term loans.

     The company's stock has fallen 54 percent in the past 14 days
after investors questioned its transactions with affiliates run by
Enron's former chief financial officer. The shares fell 95 cents,
or 5.8 percent, to $15.40 today.

     Chief Executive Officer Kenneth Lay has failed to reassure
investors that the company's credit rating won't be cut, investors
said. Enron can no longer borrow in commercial paper markets,
where short-term loans carry lower rates than banks offer.

     ``Do they have the financial flexibility they once had? No,''
said John Cassady, who helps manage $3 billion in bonds at Fifth
Third Bancorp. ``People are questioning the credibility of
management.''

      The company will use its credit line to pay off $2.2 billion
in commercial paper it has outstanding, Enron spokesman Mark
Palmer said.

                            Bonds Drop

     Enron's 6 3/4 percent bonds, which mature in 2009, declined 1
1/2 points to a bid of 84 cents on the dollar and an offer of 86
cents. At that price, the bonds, which carry a rating of ``BBB+,''
yield 9.53 percent.

     Investors have grown concerned that the company's credit
rating will be cut after $1.01 billion in third-quarter losses
from failed investments. Enron needs good credit to raise cash
daily to keep trading partners from demanding collateral and to
settle transactions.

     Enron's decision to tap its credit line was ``a smart
financial move,'' said Stephen Moore, a vice president at Moody's
Investors Service who follows the company. ``It took away the
hassle and time-consuming nature of rolling commercial paper and
insured access to capital.''

     Though Enron's bonds have investment-grade ratings, their
yield at current prices is higher than those of industrial bonds
that carry junk ratings. According to Bloomberg data, companies
with ``BB'' ratings pay on average 9.16 percent to borrow for
seven years.

     A lower credit rating may also force Enron to buy back
holdings in other partnerships with its stock, diluting the value
of Enron investors' stock.

     Partnerships called Whitewing, Marlin and Yosemite own Enron
assets they bought with borrowed money. Enron sold the assets to
the partnerships to keep related debt off its books. The
partnerships plan to repay the borrowed money by selling the
assets.

                         Other Liabilities

     If Enron loses investment-grade rating, the borrowed money
comes due earlier, leaving less time for the partnerships to find
the best price for the power plants and other assets. Enron would
have to make up any shortfall between what the assets would sell
for and the amount of the debt.

     One way would be issuing common shares to exchange for Enron
preferred convertible shares held by the partnerships. That would
thin out the holdings of every other investor.

     Of the two main bond-rating companies, Moody's and Fitch have
Enron on watch for possible downgrade, and Standard & Poor's
lowered Enron's long-term credit outlook to negative. Egan-Jones
Rating Co. today lowered its rating on Enron's debt to ``BB+,''
one notch below investment grade, from ``BBB-.''

     Enron's liabilities associated with the partnerships amount
to at least $3.3 billion, the company has said.

     Enron ousted Chief Financial Officer Andrew Fastow on
Wednesday amid a Securities and Exchange Commission inquiry into a
partnership he ran that cost the company $35 million in direct
losses. Enron also bought back 62 million shares from the
partnership, reducing shareholder equity by $1.2 billion.

     ``It looks like the guy who was supposed to do everything for
the benefit of shareholders was running partnerships for the
benefit of himself,'' Fifth Third's Cassady said.

     Jeff McMahon, head of Enron's industrial markets group, was
named CFO in a bid to restore investor confidence, Lay said in a
statement.

--Russell Hubbard in the Princeton newsroom at 609-750-4651, or at

Keller Rohrback L.L.P. Investigates Potential Claims on Behalf of Enron Corp. -- ENE -- Employees and Former Employees

10/26/2001
Business Wire
(Copyright (c) 2001, Business Wire)

SEATTLE--(BUSINESS WIRE)--Oct. 26, 2001--Seattle's Keller Rohrback L.L.P. is currently investigating potential ERISA claims on behalf of participants and beneficiaries of Enron's retirement and 401(k) plans.
The investigation period covers January 2000 through October 2001. The investigation focuses on concerns that, under the law interpreting ERISA, Enron and its plan administrators may have breached their fiduciary duties of loyalty and prudence by failing to disclose and inform the Plan participants and beneficiaries with respect to the use of employer stock as a Plan investment. Rather than providing complete and accurate information to the Plans' participants, it may be alleged that Enron and the plan administrators may have withheld and concealed material information, thereby encouraging participants and beneficiaries to continue to make and to maintain substantial investments in company stock and the Plans. This investigation is being conducted in light of recent events.
On Oct. 16, 2001, Enron surprised the market when it announced that the Company was taking "non-recurring charges totaling $1.01 billion after-tax, or ($1.11) loss per diluted share," in the third quarter of 2001. Enron later revealed that a material portion of the charge related to the unwinding of investments with certain limited partnerships, controlled by Enron's CFO, and that the Company would be eliminating more than $1 billion in shareholder equity as a result of its unwinding of the investments. As this news began to be assimilated by the market, the price of Enron common stock dropped significantly. In addition, several recently filed securities suits allege that Enron executives engaged in extensive insider trading, gaining millions of dollars in personal proceeds. Enron retirees have lost a substantial portion of their retirement earnings due to the drop in value of their retirement assets.
If you are a member of an Enron retirement plan, wish to discuss this announcement, or have information relevant to the investigation, you may contact paralegal Liza Catabay, or any member of our team (Britt Tinglum, Liza Catabay, or Lynn Sarko) toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Seattle's Keller Rohrback L.L.P. has successfully represented shareholders and consumers in class action cases for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.

CONTACT: Keller Rohrback L.L.P. Liza Catabay, 800/776-6044 investor@kellerrohrback.com www.SeattleClassAction.com
15:16 EDT OCTOBER 26, 2001
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


Mark

Can you tell me if this is a legal document.  This is personal so only if you have 2 free minutes.

Thanks John
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/17/2000 05:21 PM ---------------------------

"Jeff Howe" <jhowe@targetnet.com> on 12/15/2000 11:59:00 AM
To:	<lavorato@enron.com>
cc:

Subject:	TargetNet

John :

Ted Jarvis asked me to send this to you.

Jeff Howe
Chief Financial Officer
TargetNet
416-306-0466 x945 [please feel free to call me with any questions]

 - targetnet subscription agreement v.2.DOC


try to watch what you say over the shout box.

 -----Original Message-----
From: 	David Brown <DBrown@natsource.ca>@ENRON
Sent:	Wednesday, December 12, 2001 11:28 AM
To:	Dorland, Chris
Subject:	FW: ENRON OFF BALANCE SHEET FINANCING EXPLAINED

> -----Original Message-----
> From:	Trevor Liss
> Sent:	Wednesday, December 12, 2001 11:21 AM
> To:	Calgary Staff
> Subject:	FW: ENRON OFF BALANCE SHEET FINANCING EXPLAINED
>
>
>
> -----Original Message-----
> From:	Kristi Schram [mailto:kristi_schram@anadarko.COM]
> Sent:	Wednesday, December 12, 2001 10:18 AM
> To:	'Trever Liss'
> Subject:	FW: ENRON OFF BALANCE SHEET FINANCING EXPLAINED
>
>  <<enron.pps>>

 - enron.pps << File: enron.pps >>


Can you set my starting lineup please I'll be on the road and out of town.
QB Peyton Manning
RB Ricky watters
RB Charlie Garner
WR Michael  Westbrook
WR Carl PIckens
WR Albert Connell
Ravens D
Jax Kicker Mike Hollis

Mark Friedman
Enron Broadband Services
Office# 713.853.6446
Fax#     713.646.3271
mark.friedman@enron.net


Sara - per my voice mail, I am forwarding you a copy of the long form
confirmation that Peoples has suggested we use prior to an ISDA between
Peoples Energy Corp. and enovate, L.L.C.  We would like to execute on this
Gas Daily option early next week so your input on the most expedient
documentation is extremely appreciated.  Any questions, please give me a call.

Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 10/13/2000
03:30 PM ---------------------------

p.burgener@pecorp.com on 10/13/2000 02:59:38 PM
To: gregg.penman@enron.com
cc:
Subject: FW: Enovate/PEC ISDA

Gregg,

Can you have the appropriate people on the ENE side review this document
which we hope to use in the interim between PEC and enovate, L.L.C. for the
Gas Daily Option deal (Financial).  We hope to transact by very early next
week, which may need some quick turnaround.

Thanks,

> ----------
> From:  Jacobsen, Fred
> Sent:  Friday, October 13, 2000 2:49 PM
> To:  Marozas, Brian
> Cc:  Burgener, Paul
> Subject:  RE: Enovate/PEC ISDA
>
> Attached is a form of long-form confirmation.  Also, we will need a
> guaranty from Enron.  We would be looking for a guaranty similar to the
> one they provided for the PEC/ENA ISDA, only for 50% of the obligations of
> enovate.  Thanks, Fred.
>
>  <<Form of Long Form Confirmation (10-13-00).doc>>
>
> ----------
> From:  Marozas, Brian
> Sent:  Friday, October 13, 2000 10:31 AM
> To:  Jacobsen, Fred
> Cc:  Burgener, Paul
> Subject:  RE: Enovate/PEC ISDA
>
> Fred,
>
> Please send a long-form confirmation template to me and Paul Burgener.
>
> Thanks,
> Brian
>
>   ----------
>   From:  Jacobsen, Fred
>   Sent:  Tuesday, October 10, 2000 1:39 PM
>   To:  Marozas, Brian
>   Cc:  Nassos, John G.; Huprikar, Aparna
>   Subject:  RE: Enovate/PEC ISDA
>
>   Brian,  I just spoke with John Nassos and he indicated that
> although we would prefer to enter into transactions only after the ISDA
> and supporting documentation are in place, we could employ a long-form
> confirmation if Enron is agreeable to do so and (i) the enovate risk
> policy is executed and (ii) we receive a guaranty from Enron for 50% of
> enovate's obligations or we are willing to proceed without a guaranty upon
> the approval of Jim Burns and Aparna Huprikar.  Thanks, Fred.
>
>    ----------
>    From:  Marozas, Brian
>    Sent:  Tuesday, October 10, 2000 11:32 AM
>    To:  Jacobsen, Fred
>    Subject:  FW: Enovate/PEC ISDA
>
>    Fred,
>
>    Since we can't do a long-form, how close are we to
> finalizing the ISDA with Enovate?
>    PEC must purchase this product before November and
> is subject to price movements (See FYI).
>
>    Thanks,
>    Brian
>
>    FYI - We have to purchase the financial product
> ASAP.  The price of the financial product has gone from $963 K to $1,106
> K.   We have lost $143 K.
>
>    ----------
>    From:  Jacobsen, Fred
>    Sent:  Thursday, September 28, 2000 8:24 AM
>    To:  'Sara.shackelton@enron.com'
>    Cc:  Nassos, John G.; Huprikar, Aparna; Marozas,
> Brian
>    Subject:  Enovate/PEC ISDA
>
>    Sara, attached below please find drafts of the
> following ISDA documents to be entered into between Enovate, L.L.C. and
> Peoples Energy Corporation:
>
>    1. Schedule to Master Agreement
>    2. Paragraph 13 to Credit Support Annex
>    3. Exhibit A to Paragraph 13 to Credit Support Annex
>    4. ISDA Master Agreement
>    5. ISDA Credit Support Annex.
>
>     Please contact me via e-mail or at
> 312-240-7284 with any questions  and comments. Thank you, Fred.
>
>
>
>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - Form of Long Form Confirmation (10-13-00).doc


FYI - I am forwarding the attached file (matrix200111), which provides a matrix of TW's max tariff rates as well as a table of the base res. and comm. rates and reservation surcharges for the Global Settlement contracts.  If you have any questions, please feel free to contact me or Rita.

Thanks,
Elizabeth

 -----Original Message-----
From: 	Bianchi, Rita
Sent:	Monday, October 29, 2001 9:26 AM
To:	Kuehl, Toby; Abramowicz, Richard
Cc:	Brown, Elizabeth; Doll, Jeanette
Subject:	11/2001 TW Rate Matrix for posting

Please post the attached TW rate matrix, MATRIX200111.doc, effective 11/1/2001.

Only the rates for the "Current Shippers" as defined in TW's Global Settlement changed,
including Reservation, Commodity and TCR surcharges.


----- Forwarded by Mark Taylor/HOU/ECT on 07/24/2000 07:30 PM -----

	Stuart Zisman
	07/21/2000 01:30 PM

		 To: Peter del Vecchio/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Garden State

Just a reminder that when original documents are received on this transaction
(which should be soon given that they went out Monday night), an original
incumbency certificate for Media General should be included.  This should be
delivered to Mark Taylor for his records.  Mark agreed to waive the
requirement that the certificate be delivered at closing with the
understanding that it would come promptly thereafter.

Stuart


Heather and I just had the sonogram yesterday,,,, and it is a boy!!!!   He is
due in October....

MC


KEAVEY, PETER F,

You have been selected to participate in the Mid Year 2001 Performance Management process.  Your feedback plays an important role in the process, and your participation is critical to the success of Enron's Performance Management goals.

To complete a request for feedback, access PEP at http://pep.enron.com and select Complete Feedback from the Main Menu.  You may begin providing feedback immediately and are requested to have all feedback forms completed by Friday, May 25, 2001.

If you have any questions regarding PEP or your responsibility in the process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a status of "OPEN."  Once you have submitted or declined an employee's request for feedback, their name will no longer appear on this list.  NOTE: YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

Employee Name:
JOHNSON, LUCHAS


I have my list at home, but I know that we need Dad's sister Jane and her
husband, Homer and Karen, Sarah in Austin (whose kids are independently
dell-wealthy) and I can't remember who else.  I know that there were ten
invitations needed, including Mom and Dad.  The list below plus those in this
paragraph total 8 - so we must be missing 2.

I will try to catch David and have him look at the list that I copied from
Mom.

Thanks for these.  I will do invitations this weekend.  Do you have the
address for Josephine's House?  And do we have a time?  --Sally

"Cindy White and Richard Hernandez" <piropos@austin.rr.com> on 04/19/2001
09:01:03 PM
To: "Sally" <sally.beck@enron.com>
cc:
Subject: finally remembered!

Sally,

That tiki person is out according to mom....

Fabian and Mary Ann Block
103 Waterlily Circle
Georgetown, TX  78628

Barney and Joann Boyette
2631 Inwood View
San Antonio, TX  78248

Buddy and Nelwyn Hare
11827 Wink Rd.
Houston 77024

Mary Souter
13811 Cedar Canyon
San Antonio  78231

who am i forgetting?  I think someone in Victoria?


----- Forwarded by Jeff Dasovich/NA/Enron on 12/21/2000 05:26 PM -----

	"Delaney Hunter" <dhunter@smithandkempton.com>
	12/21/2000 03:30 PM
	Please respond to dhunter

		 To: "Aaron Thomas (E-mail)" <athomas@newenergy.com>, "'Allan Lippincott'"
<alippin@mail.arco.com>, "Ann Cohn (E-mail)" <cohnap@sce.com>, "'Ann Watson'"
<anw@cpuc.ca.gov>, "Anna Ferrera (E-mail)" <Anna.Ferrera@SEN.CA.GOV>, "'Art
Carter'" <debinorton@aol.com>, "'assistant for John Fielder'"
<moravekj@sce.com>, "Audra Hartmann (E-mail)" <ath@cpuc.ca.gov>, "Barbara
Barkovich (E-mail)" <brbarkovich@earthlink.net>, "'Becky Kilbourne'"
<bakilbourne@calpx.com>, "Bill Booth (E-mail)" <wbooth@booth-law.com>, "'Bill
Dombrowski'" <cra@calretailers.com>, "Bill Keese (E-mail)"
<wkeese@energy.state.ca.us>, "Bill Zobel (E-mail)" <bzobel@mail.arco.com>,
"'Bob Foster'" <fosterrg@sce.com>, "'Bob Houston'" <houstgrp@pacbell.net>,
"Carolyn McIntyre (E-mail)" <cmcintyre@sempra.com>, "Catherine Hackney
(E-mail)" <hacknece@sce.com>, "Charles Bacchi (E-mail)"
<charles.bacchi@asm.ca.gov>, "'Craig Brown'" <brownc@epenergy.com>, "Dan
Carroll (E-mail)" <dcarroll@dbsr.com>, "'Denice Cazalet'" <dcazalet@apx.com>,
"Dennis Price (E-mail)" <priced@epenergy.com>, "'Denny Samuel'"
<dsam@chevron.com>, "'Dominic DiMare'" <dominic.DiMare@calchamber.com>,
"Dorothy Rothrock (E-mail)" <drothrock@cmta.net>, "Doug Fernley (E-mail)"
<Fernley.Doug@EPEnergy.com>, "'Ed Yates'" <ed@clfp.com>, "Edson Karen
(E-mail)" <kedson@ns.net>, "Eloy Garcia (E-mail)" <egarcia@ka-pow.com>,
"Evelyn Elsesser (E-mail)" <eke@aelaw.com>, "Gary Heath (E-mail)"
<gheath@eob.ca.gov>, "'Gordon McDonald'" <gordon.mcdonald@pacificorp.com>,
"'Jack Flanigan'" <jackflanigan@flaniganlaw.com>, "Jack Gualco (E-mail)"
<Jackson_Gualco@gualcogroup.com>, "'Jack Stewart'" <jstewart@cmta.net>,
"'James Boyd'" <jim@resources.ca.gov>, "Jan Smutny-Jones (E-mail)"
<smutny@iepa.com>, "Jeanne Cain (E-mail)" <Jeanne.Cain@calchamber.com>, "Jeff
Dasovich (E-mail)" <jdasovic@enron.com>, "'Jerry Jordan'" <jordan@cmua.org>,
"Jim Groniger (E-mail)" <gronijn@texaco.com>, "Joe Lyons (E-mail)"
<joseph.lyons@asm.ca.gov>, "'Joe Ronan'" <joer@calpine.com>, "John Bridges
(E-mail)" <bridgesj@epenergy.com>, "'John Fielder'" <fieldejr@sce.com>, "John
Fistolera (E-mail)" <johnf@ncpa.com>, "John Larrea (E-mail)"
<John.g.Larrea@williams.com>, "John Rozsa (E-mail)" <John.Rozsa@sen.ca.gov>,
"John White (E-mail)" <vjw@cleanpower.org>, "'Joseph Alamo'"
<jalamo@enron.com>, "Julee Malinowski-Ball (E-mail)" <jmball@ns.net>, "'Julia
Wright'" <jwright@smithandkempton.com>, "Karen Jarrell (E-mail)"
<kjarrell@smurfit.com>, "Karen Koyano (E-mail)" <kykoyano@calpx.com>, "'Karen
Lindh'" <karen@klindh.com>, "Karen Mills (E-mail)" <kmills@cfbf.com>, "'Kari
Harteloo'" <klc@aelaw.com>, "Kassandra Gough (E-mail)" <kgough@calpine.com>,
"'Kathy Brandenburg'" <katherinebrandenburg@flaniganlaw.com>, "Kay Grosulak
(E-mail)" <kgrosulak@sppc.com>, "Keith McCrea (E-mail)" <kmccrea@sablaw.com>,
"Kevin Lynch (E-mail)" <Kevin.Lynch@pacifiCorp.com>, "Kevin Smith (E-mail)"
<kevins@ncpa.com>, "Kip Lipper (E-mail)" <kip.lipper@sen.ca.gov>, "Lawrence
Lingbloom (E-mail)" <lawrence.lingbloom@sen.ca.gov>, "Lenny Goldberg
(E-mail)" <lga@mother.com>, "Louis Szablya (E-mail)" <szablyal@epenergy.com>,
"Marc Joseph (E-mail)" <mdjoseph@adamsbroadwell.com>, "Marwan Masri (E-mail)"
<mmasri@energy.state.ca.us>, "Mary McDonald (E-mail)" <memcdonald@calpx.com>,
"Michael Alcantar (E-mail)" <mpa@aelaw.com>, "Mike Florio (E-mail)"
<mflorio@turn.org>, "'Mike Kahl'" <mikahl@ka-pow.com>, "Mona Petrochko
(E-mail)" <mpetroch@enron.com>, "Pete Conaty (E-mail)" <pcaceo@pacbell.net>,
"'Phil Nails'" <phil.nails@asm.ca.gov>, "Phil Stohr (E-mail)"
<pstohr@dbsr.com>, "Ralph Cavanagh (E-mail)" <rcavanagh@nrdc.org>, "Randy
Chinn (E-mail)" <randy.chinn@sen.ca.gov>, "Ray Thompson (E-mail)"
<ray.thompson@sen.ca.gov>, "'Rick Counihan'"
<rick.counihan@greenmountain.com>, "Robert Berry (E-mail)" <berry@apx.com>,
"Robin Larson (E-mail)" <rlarson@caiso.com>, "Roderick Campbell (E-mail)"
<Roderick.Campbell@asm.ca.gov>, "Sheryl Carter (E-mail)" <scarter@nrdc.org>,
"Steve Pike (E-mail)" <pikes@epenergy.com>, "Steve Ponder (E-mail)"
<steve_ponder@fpl.com>, "Stu Wilson (E-mail)" <swilson@cmua.org>, "'Sue
Mara'" <smara@enron.com>, "Susan Reeder (E-mail)" <sreeder@sppc.com>, "Terry
Winter (E-mail)" <twinter@caiso.com>, "Thomas Dinkel (E-mail)"
<tdinkel@retx.com>, "Tim Schmelzer (E-mail)" <Tschmelz@energy.state.ca.us>,
"'Tommy Ross'" <rosst@sce.com>, "'Tony Braun'" <braun@cmua.org>, "Victoria
Schaefer (E-mail)" <schaefvl@sce.com>
		 cc:
		 Subject: Today's CPUC Order

Folks-
Hot off the net. More info as it becomes available.

Thanks,
Delaney

P.S. Happy Holidays! :-)


Thanks for the red-line version.  Here are my comments:

? In paragraph 10.1, a triggering event would allow close out netting of all
transactions under this agreement and any other agreements between the
parties.  And then in paragraph 10.4, it retiturates this point and expands
on it by bringing in all amounts owed by all affiliates of both parties.
This is pretty vague.  Historically, only amounts owed by the defaulting
party to that of the non-defaulting party and its affiliates have been
included.  Can we combine the effect of this within a single paragraph.  That
way, we're not speaking of the same issue within two different sections.
? In paragraph 10.1, cross-default seems a bit vague.  What I was trying to
say was, "If any indebtedness in excess of $50MM and $100MM, resepctively
have become or is capable of becoming accelerated" and then expressly define
indebtedness to include all borrowed monies, accounts payable, and financial
deriviative transactions.  Without expansion, i believe indebtedness is
typically meant to include only bank debt.
? If we made them reference Utilicorp United, Inc. as a specified entity,
then we could tie all terms, conditions, and support back to them
indirectly.  Could we take a look at amending the contract to accomplish
this.  It would really strengthen the contract.
? I am surprised they did not tie any guaranty support from Enron Corp. to
this contract.  They missed this one.
? I am ok with the 2 day LC turn around under a triggering event, although I
do not like item c - "be unable to pay its debts as they fall due" - I would
like to strike this line.

thats it.

I am available for a confernce call should they desire to speak on this
further.

thanks
brant

 -----Original Message-----
From:  Hyvl, Dan
Sent: Tuesday, May 29, 2001 5:36 PM
To: Reves, Brant
Subject: RE: EnergyOne

 << File: 2001-007ctr.doc >>

	Brant Reves/ENRON@enronXgate 05/29/2001 05:31 PM 	   To: Dan J
Hyvl/HOU/ECT@ECT  cc: Sylvia S Pollan/ENRON@enronXgate  Subject: RE: EnergyOne

Do you have a redline version of our initial contract to them?  I never saw
my comments included in a draft...

thanks
brant

 -----Original Message-----
From:  Hyvl, Dan
Sent: Monday, May 21, 2001 9:59 AM
To: Reves, Brant
Cc: Pollan, Sylvia S.
Subject: EnergyOne

Brant,
 EnergyOne has responded to the requested changes.  They agree to the
revision of the MAC language but threw in a money wrench by adding a warm and
fuzzy triggering event  if a party refused to provide security within 48
hours of a reasonable request therefore.  No standard is provided as to the
reason for the request.    They also deleted the original Collateral
Threshold language which was in their first draft.  Please respond to these
matters to me and to Sylvia Pollan.
----- Forwarded by Dan J Hyvl/HOU/ECT on 05/21/2001 09:47 AM -----

	Dan J Hyvl 05/21/2001 08:59 AM 	   To: Sylvia S Pollan/Enron@EnronXGate  cc:
Subject: EnergyOne

Attached is a memo of the major items in their comments to our requested
changes.  Let me know when you are ready to discuss.

 << File: 2001-035memo.doc >>


Yesterday I was approached by Steve Thome who had been asked by Brandon Wax (who was asked by Don Miller?) looking for a cash forecast for deals that flowed in December.  While I'd like to be helpful, I have never done a cash forecast before.  We don't have the tools set up in Portland to do this sort of thing.  The data to do this has historically resided in Enpower.  A week ago the West Power desk met and agreed that we were able to and prepared to update Enpower in "Schedule" for all of the deals that flowed in December.  Diana Scholtes sent an e-mail (below) to Leslie Reeves on January 3rd indicating that we were prepared to update Enpower.  We heard from John Postlethwaite that Leslie didn't want us to update Schedule -- instead they could work off of our trade sheets.

I don't care which way we move forward.  It just seems that we aren't all on the same page.  We just want to do whatever needs to be done to get the right information to the right people.  Exerience tells me that we are better off doing it "right" the first time.  I am hoping that between Don, Leslie, and Stacey we can get some clear direction on what you would like us to do.  As of now, there is little I can do to assist Brandon with his request for a cash flow projection.

Regards,
Tim

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Tuesday, January 08, 2002 1:10 PM
To:	Reeves, Leslie; Calger, Christopher F.; White, Stacey W.; Belden, Tim
Cc:	Scholtes, Diana; Semperger, Cara
Subject:	Dec and Jan liquidations

It has come to my attention that there seems to be miscommunication between various groups and people about how Dec and Jan scheduling for non-terminated deals should be handled. There are conflicting reports that Houston, through the estate, will handle updating scheduling in Enpower or that the scheduling group should be updating Enpower accordingly.

What I am hoping for is that by whatever communications means necessary we can come to a final action plan on how to clean this and get Enpower up to date as quickly and as accurately as possible.

Thanks,

John

 -----Original Message-----
From: 	Scholtes, Diana
Sent:	Thursday, January 03, 2002 8:43 AM
To:	Reeves, Leslie
Cc:	Gilbert, Scotty; Postlethwaite, John; Belden, Tim
Subject:	January Settlements

Leslie,

I'm trying to get a jump on making sure we have everything done properly in Enpower for the month of January.  My question is whether we, the West desk, should enter any changes in Enpower due to OUR non-delivery and/or incremental deals?  We have everything recorded on our Trade sheets, but if it would make it easier for you to settle or relay to the Estate by us making the changes in Deal Scheduling, we can do so.

I also understand, after talking to John, you will be using our Trade sheets for such changes for the month of December.  I'm not sure who you would like us to assist in translating our sheets, but if you can call me, we can set up a conference call and I'll coordinate from each desk to attend.

If there is anything else that you need us to do to help your group please let me know.

Diana Scholtes
West Desk
503-464-3807