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The Oxford Princeton Programme
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Bringing together The College of Petroleum and Energy Studies and
Princeton Energy Programme to form the world's leading provider of
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In This Edition:

1 - Plan your 2001 training with The Oxford Princeton Programme
2 - New PrincetonLive.com Web Based Training Courses
3 - E-Mart Workshop in Amsterdam
4 - New Brochures on their way to you
5 - November / December schedule of workshops
6 - Subscription Information

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

1 -  2001 Schedule

Start planning your training for 2001 with The Oxford Princeton Programme.
Full schedules are now available on-line:

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http://www.colpet.ac.uk/news/news_2001.html

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http://www.princetonenergy.com/schedule!.html

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Take an adventurous trip through time as you learn
the basics of the futures markets.

'Options Always Die'
This course offers an exciting spy theme, as you
learn about options while tracking an international criminal!

http://www.PrincetonLive.com

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

3 - Princeton Energy Programme Workshop at E-Mart

'Fundamentals of Energy Derivatives'
will be presented as a pre-conference workshop at the E-Mart Energy 2000
conference in Amsterdam November 20-22.
http://www.oxfordprinceton.com/oxfordprinceton/emart.htm

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

4 - The Oxford Princeton Programme's NEW Catalogs

The Oxford Princeton Programme is producing 2001 Course Offerings catalogs
covering our Gold, Silver, and Blue level courses. Look for a copy
arriving on your desk in early December.

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5 - November / December Course Schedule

* The College of Petroleum and Energy Studies (Gold level) Courses:

 - Automotive Fuels, Oxford Nov. 13-17

 - International Price Risk Management, Oxford Nov. 20-24

 - Legal Issues in Oil Trading, Oxford Dec. 11-14

 - Petrochemicals, Fuels and Gas Courses, Houston Dec. 2000 - Jan. 2001

* Princeton Energy Programme (Silver level) Courses:

  - Fundamentals of Energy Futures
    San Francisco Nov. 27, Phoenix Dec. 5, Houston Dec. 11

  - Fundamental of Energy Options
    San Francisco Nov. 28, Phoenix Dec. 6, Houston Dec. 12

  - Energy Risk Management
    San Francisco Nov. 29-30, Phoenix Dec. 7-8, Houston Dec. 13-14

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UK: + 44 (0) 1865 250521
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Thank you.


Here tis.


In case this becomes big news in the United States, attached is a summary
from the Argentina team of the political situation in Argentina.  It is not a
political meltdown but it is a significant change in the executive branch and
potential realignment of the political parties in Argentina.  The cabinet
shuffle and resignation of the vice president are in the wake of the senate
bribery scandal in Argentina where the opposition was supposedly bribed to
vote for the governments changes in law (actually in favor of economic
reform).  The cabinet shuffle was economics oriented with the economic team
being strengthened, but potentially at the expense of the alliance that holds
the government and a majority in Congress over Menem's party, the peronists.
The vice president was the senior member of the second party in the alliance
(President De La Rua is senior member of the first party in the alliance).
Financial markets reacted slightly negatively to the shakeup with bond
spreads widening slightly and Argentine stock prices down slightly.  As a
minimum we will keep a close eye on the political and financial situation and
be prepared for any more significant reaction by the financial markets.
---------------------- Forwarded by James M Bannantine/ENRON_DEVELOPMENT on
10/08/2000 07:04 PM ---------------------------

Don Black@ENRON
10/07/2000 08:16 AM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Joe Kishkill/SA/Enron@Enron, Diomedes Christodoulou/SA/Enron@Enron, Peter
E Weidler/NA/Enron@Enron, Michael Guerriero/SA/Enron@Enron

Subject: Argentina Political Analysis

Mike,
Thanks for the quick turnaround on this from you and your team.

Jim,
This is as far as this distribution went.  Please edit as needed and forward
to whomever you feel necessary.
---------------------- Forwarded by Don Black/SA/Enron on 10/07/2000 11:07 AM
---------------------------
From: Michael Guerriero on 10/07/2000 10:13 AM
To: Don Black/SA/Enron@Enron
cc: Guillermo Canovas/SA/Enron@Enron, Cristian Folgar/SA/Enron@Enron, Maria
Belen Salvador/SA/Enron@Enron
Subject: Argentina Political Analysis

As reported Carlos Chacho Alvarez resigned his position Friday as Vice
president of Argentina.

The main reason of this resignation was a political disagreement with Cabinet
changes announced on Thursday 5th by President De la Rua.  Alvarez
publicly noted he could no longer tolerate the political differences with the
President over the senate bribery scandal. Particularly Alvarez disagreed
with De la Rua's decision to promote Alberto Flamarique from Minister of
Labor to General Secretary and to keep Fernando de Santibaez as Chief of the
Intelligence Department.  Both Flamarique and Santibaez are suspected of
paying bribes to Senators to vote for a new Labor Law. Alvarez has
emotionally championed the fight against the senate scandal and has been
strongly advocating for the resignation of Flamarique, Santibaez and all
Senators involved in the affair.

It was considered that the decision of De la R?a was intended to demonstrate
that he, and not Alvarez, holds the power and that De la R?a wanted to
demonstrate that the changes were focused on improving the economic situation
and to move beyond the Senate scandal.

The main changes in the cabinet, announced on Thursday 5th, are the following:
Chistian Colombo (economist, in good relationship with Machinea) will replace
Terragno as Chief of Cabinet.
Machinea (Minister of Economy) will also be responsible of the Ministry of
Infrastructure.
Jorge De la R?a (former General Secretary of the President and President's
brother) will be Minister of Justice.
Patricia Bullrich (peronist) will be Minister of Labor.

As a consequence of Alvarez' resignation, Flamarique resigned to his position
of General Secretary of the President.

Regarding the preliminary impact of the political changes to the economic
situation it could be considered the following:

Before Alvarez resignation, the cabinet changes were considered positive
intending to increase the power of  the Minister of Economy and reduce the
internal disagreements in the Administration.
Although Alvarez (the leader of the Frepaso party) said he will be still part
of the "Alianza" (the Radical and Frepaso party alliance) in Office, Alvarez'
resignation could lead to the division of the Alianza and reduce the ability
of De la Rua to pass new laws in the Congress. A breakup of the coalition
would make the Peronist the largest party in both houses of Congress only
compounding the potential for government gridlock
This situation will weaken De la Rua and probably foster new re-alignments in
the political field.
All the situation will increase economic uncertainty and will delay economic
recovery. The market will wait to see if a conflict develops in the Alianza.
De la Rua and his team will probably be forced to take "strong" decisions to
retain the political initiative, strength and control.
Machinea will probably try to gain the market confidence, announcing that De
la Rua's Administration will not change the macro foundations of the economic
agenda and even increase its commitment toward monetary and fiscal
equilibrium, exchange rate policy, respect for vested rights, etc.

Financial analysts have viewed the situation as "an institutional crisis with
unknown effects on the economy". The insecurity of the Argentina's political
future caused Argentine debt paper to fall. The Argentine JP Morgan Emerging
Market Bond Index widened 23 basis points to 685 over US Treasuries.
Argentina's 17 year global bond fell only slightly. There does not appear to
be a market panic as noted by the trading of Argentine ADR's in New York.
They were down cents rather than dollars and a number of them closing
unchanged.

We will continue to monitor the situation and update as warranted.


Vince:

Therese is involved with the "Enron Kids" (where you adopt a child for
Christmas and spend $175.00 on them).  Do you think the group would
be interested in sponsoring a couple of kids?  If we adopt 2 children
(say a boy and a girl) at $175.00 each we would only need approximately
$6.00 from each person.  If we adopted 3 kids (525.00) we would need
approximately 10.00 per person.  What do you think?


This was the emergency.
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/09/2001 02:49
PM ---------------------------
From: Brian D Barto@ENRON_DEVELOPMENT on 03/09/2001 02:41 PM
To: Kay Mann/Corp/Enron@Enron
cc: Richard Morell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: ABB Purchase Agreement

Kay:  Brice Golden insists that he has learned about the existance of a
Purchase Agreement in place under which projects such as his for Ft Pierce
can add their order for Transformers, without having to negotiate a stand
alone contract.  Sort of an ala carte arrangement.  I have asked Sheila Tweed
what she knew about this, and she said she had nothing, but did not know what
you might have done.  I know we have done bulk purchases and later split for
the different peaker  projects, and some others similar to that, but no
blanket agreement.  What have you got?

BB


please respond
---------------------- Forwarded by Mark E Haedicke/HOU/ECT on 12/09/99 04:18
PM ---------------------------

"Kenneth M. Raisler" <RAISLERK@sullcrom.com> on 12/09/99 08:42:13 AM
To: mcadammj@bp.com, Mark E Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
chuck_a_attal@email.mobil.com, sara_b_glenn@email.mobil.com,
csandhe@enron.com, jkeeler@enron.com, Laurie.ferber@gs.com,
hall2r@kochind.com, lanced@kochind.com, schindlg@phibro.com,
mgoldstein@sempratrading.com
cc:
Subject: New Time for Conference Call

2:30 does not seem to work for December 17.  Please let me know if you are
available at 11:30.  Thanks.

------------------------------------------------------------------------------
This e-mail is sent by a law firm and contains information that may be
privileged and confidential. If you are not the intended recipient, please
delete the e-mail and notify us immediately.


Shirley,

Please, register me for this conference.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/21/2000
09:10 AM ---------------------------

Daniel Yergin <DanielYergin@CERA.com> on 11/16/2000 02:50:06 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc:
Subject: 20th Annual CERAWeek - "Shooting the Rapids: Strategies and Risks
for the Energy Future"

Mr. Vincent J. Kaminski
Managing Director
Enron Capital & Trade Resources Corp.

Dear Mr. Kaminski:

I am pleased to invite you to join my CERA colleagues and me at our 20th
annual Executive Conference, "Shooting the Rapids: Strategies and Risks for
the Energy Future" to be held February 12-16, 2001 in Houston, Texas.? This
is the premier international gathering offering senior executives new ideas,
insights and strategic thinking on the issues facing the global energy
industry.

I believe you will find the conference and related social events timely and
of considerable value.? Our focus will be on the critical implications of the
current market turmoil for energy strategies, investment, regulatory
backlash, competitive dynamics, and industry structure.? Presentations cover
all key regions and energy sectors -- oil, natural gas and power -- and their
interconnections.? The conference is the centerpiece of CERAWeek, a full week
of senior level meetings designed to foster exchange and learning, as well as
informal interaction and networking.? Last year's participants included some
1600 executives from over 57 countries.

Complete details on CERAWeek 2001 can be found at?
http://www.cera.com/cfm/track/mc.cfm?p=670&c=2804? . To register, please go
directly to http://www.cera.com/cfm/track/mc.cfm?p=781&c=2804? ; email
register@cera.com; or call us at 1 (800) 879-2372 ext. 800 (outside the U.S.
(617) 497-6446 ext. 800).? I hope you will join us!

Sincerely,

Daniel Yergin
Chairman, Cambridge Energy Research Associates

Should you experience problems reaching the web site using the links above,
please go to http://www.cera.com/ceraweek/
*****************************************************************
Our relationship with you is very important to us.? If you wish not to
receive future e-mail notifications, please send a reply to this message with
"DoNotEmail" as the subject of your message. (
mailto:info@cera.com?subject=DoNotEmail )? Please indicate whether you wish
to be removed from the conference list or alternatively from the list for any
future CERA notifications.

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


I got Tim  Belden's approval to file.

Kimberly note some changes which cover Steve Hall's comments. Also, please
send final out to this group.

Thank you,

Alan Comnes

"Kimberly Curry" <kcurry@bracepatt.com> on 03/14/2001 11:12:25 AM
To: "Ronald Carroll" <rcarroll@bracepatt.com>, <Alan.Comnes@enron.com>,
<Mary.Hain@enron.com>, <Steve.C.Hall@enron.com>, <Susan.J.Mara@enron.com>
cc:

Subject: Comments to PX Compliance Filing

All:

Attached for your review is a draft of EPMI's supplemental comments on the
PX's Compliance Filing.  Please forward this draft to any other Enron
personnel whom you believe should review it as well.  If you have any
revisions or comments, you may contact me by return email or at (202)
828-7623.

Pleae let us know when you are ready to file.

>>> <Alan.Comnes@enron.com> 03/13/01 03:09PM >>>

Here are supplemental comments that incorporate Tim Belden's additional
comments per request of Steve Hall (for background, see his email of 3/9).

Kimberly or Ron: could you prepare into formal supplemental comments and we
can circulate that version to commercial folks?

Mary Hain, Steve Hall:  please read and make sure this works for you on a
substantive level.  Note that I do not ask for the exact pieces of
information identified by Steve because (1) the breakpoint price is self
evident and (2) the pay-as-bid prices are confidential although we can ask
for the average.

Alan

(See attached file: EPMI Supplemental Comments.doc)

 - #139403 v1 - SUPPLMENTAL COMMENTS.doc


Dear Joel,

As  i have not received any reply yet re email below,
 i have arranged other appts for myself on Monday
and will not be chairing any seesions.

Rgds Raymond
345pm; 14 July

---------------------- Forwarded by Raymond Yeow/ENRON_DEVELOPMENT on
07/14/2000 03:40 PM ---------------------------

Raymond Yeow
07/12/2000 07:39 PM
To: "Joel Hanley" <hanley@risk.co.uk>
cc:

Subject: Re: is there any chance you could chair a session at the conference?

Dear Joel,

Will be glad to help out but had a look at the Stream 2 on Monday
and it is 1120am-520 pm covering three sessions !!!

Could I suggest that I take the 1120am-Lunch session and you can find another
speaker(s) from Day 2
to chair the afternoon session(s).

I am flexible if you need me to take a different time on the Monday.

Rgds Raymond

"Joel Hanley" <hanley@risk.co.uk> on 07/12/2000 03:37:39 AM
Please respond to "Joel Hanley" <hanley@risk.co.uk>
To: <raymond.yeow@enron.com>
cc:

Subject: is there any chance you could chair a session at the conference?

Raymond,
By the way, is there any chance you could chair a session at  the conference?
Glenn Labhart from the US has unfortunately dropped out so I  am hoping you
could chair Stream Two on Day One (Monday 17th). Please let me  know asap. It
would be a great help is you're available.
Best  wishes,
Joel.

Direct: +44 (0) 20 7484 9885
?
www.riskpublications.com


Start Date: 1/13/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011317.txt


John,

This is my view on what may be possible:

Steve:	Issues:	1. Uncomfortable with UBS's committment to the business
		2. Surprised that no one from UBS has spoken directly with him
		3. Seems like he wants to build/run a team and is motivated by money.
		4. His interperetation of the contract is that even if this deal fails, his would be bound by a none compete until the end.

	Solution:  Money alone is not enough because does not address 1 and 2.  He needs someone (senior) from UBS to spend some time with him to:
		   (a) help him fell more comfortable with UBS's committment; (b) get him excited by the possiblity to lead/shape/direct the weather group
		   (this notion seemed to catch his interest during our discussion with him); (c) and present him with a new deal (no more of this aim for 80%
		   happy bullshit).  This new deal will need considerably less restrictive language--talk with Hunter about specifics.

Adam:	Issue:  1. Has interest in returing to the air force (his window to do so is until July 7th.)

	Solution:  Appears that money is not his first priority.  Any offer of money that precludes him from the July 7th window will be unsuccessful!
		   Our strategy needs to be one that gives him some respectable money that he can keep as long as he stays until June 1st (after he is
		   committed it may be possible to persuade him to stay longer).  He will not accept an offer that takes away his air force option!!!!!!  Also,
		   I think signing him will be alot easier once others have committed.

Jose:	Issue:	1. Recongnizes that senior management (You, Greg, and Louise) have done a good job closing the deal, but have failed to address HR
		    issues.  He thinks that this failure has existed much longer than just during the bankrupcy.  (Quoted, "Mike had to fight way to hard
		    to get the very basic things for his team since day 1.")

	Solution:  The most difficult of the three to sell.  I think the ONLY hope would be for him to regain trust and respect for senior management. Senior
		   management would need to sitt with him and LISTEN to his issues!!!!

Mike:	Issues:   1. He wants out!!!!!!!!!!


X35042 Christina (Asst)


Please see attached memo.  Legal risk assessment memo to follow.

 Anne C. Koehler
Sr. Counsel, ENA
EB 3832
713-853-3448


The following expense report is ready for approval:

Employee Name: Christopher F. Calger
Status last changed by:  Automated Administrator
Expense Report Name: 12.26.01
Report Total: $2,313.88
Amount Due Employee: $2,313.88

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


For your information:

Per an IRS stipulation,  the following information must be provided  when
filing a meal expense on expense reports.

 Guest's name
 Guest's title (even if ENRON employee)
 Company name  (if Enron, which entity)
 Business Purpose

Thanks,
Taffy Milligan


Wes Colwell would like you to attend.


Start Date: 1/25/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.


Don,
Thanks for taking the time to interview me today.  I'm excited about the
opportunity to work in power trading at Enron.  I'm impressed with what I've
seen and the people I've met during my two visits.  Let me know if you have
any more questions.
Thanks,
Erik

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


Shirley,

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/18/2000
08:18 AM ---------------------------

"Francis X. Diebold" <fdiebold@sas.upenn.edu> on 12/18/2000 07:02:46 AM
To: Vince Kaminski <vkamins@enron.com>
cc: bmierts@enron.com
Subject: Thursday visit

Hi Vince, Looking forward to seeing you Thursday.? I arrive at Houston-Bush
on USAir 1769 at 10:55 AM.? Please let me know where to go.? I also want to
verify that you have booked me a hotel? for Thurs night.? Many thanks, and
see you soon, Frank

--
Francis X. Diebold
WP Carey Professor

Department of Economics
University of Pennsylvania
3718 Locust Walk
Philadelphia, PA 19104-6297

fdiebold@sas.upenn.edu
http://www.ssc.upenn.edu/~diebold

(215) 898-1507? telephone
(215) 573-4217? fax
?


Legal Team,

Per the recent change in Company structure for Sequent Energy Management, LLC there are a number of financial deals that must be assigned over to the correct entity--Sequent Energy Management, LP.  Please prepare trade assignment documentation for the following deals (please note that all of these deals, except for the first one, were executed on EOL):

VT2401.1
VM7262.1
VM7369.1
VM7677.1
VM8690.1
VM8778.1
VN2395.1
VN3448.1
VN4598.1
VN4726.1
VP3529.1
VP3704.1
VQ0698.1
VR2661.1
VR2666.1
VU0121.1
VU1540.1

Also, ENA does not have an ISDA in place with the counterparty--all deals were confirmed under GTC's.  Please give me a call if you need any other info.

Thanks again,

Veronica Espinoza
x6-6002


Coaches,

I still need to get volunteer information from most of you.   As the
Commissioner for Bleyl and Hancock I am responsible for getting the
volunteer information turned in ASAP from each coach.  Pleas get this
information to me quickly since time is already running short. Thanks.

Louis Martinez

-----Original Message-----
From: Tammie Self [mailto:tandmself@pdq.net]
Sent: Wednesday, March 14, 2001 11:26 AM
To: Wally Capps - Cfsa; Brad Dowdell; Doug Macalla; Dee Edward - Cfsa;
Robert Bradley - Cfsa; David Deal - Cfsa; Brett Bidinger - Cfsa; Butch
Ellard - Cfsa; Brian Coble; Bill Pederson; Brent Savage; Glenn
McDonnell; David Vallance; Fred Billings; Gary P. Saluzzi; Gary Averitt;
Gilbert Sarabia; Jeff Smith; Hefner, John; Martinez, Louis (NAFSE);
Marilyn Rash; Mike Truitt; Roger Entralgo; Steven Bashen; Terry Fraser;
Tommy Hollek; Brad Burgess; Wallace Hancock; wemgem@worldnet.att.net;
Kballou@susser.com; LLee69@aol.com; jhansen1@flash.net;
vsmith2875@yahoo.com; YHanks322@CS.com; carter33@flash.net;
outlaw00983@cs.com; kgranier@carriageservices.com;
bschmidt@powerchokes.com; advemail@ev1.net; k.mcclatchy@iexgroup.com;
grenfro@pdq.net; matt.moss2@gte.net; gard@gardsqualityprinting.com;
aduhon@fugro.com; Terry Fraser; acaswell@erac.com
Subject: CFSA NIT - volunteers

Hi everyone,

Well I have volunteered to schedule all the volunteers for the NIT
tournament. I drafted Ashley Wagner to help with this task.  I need all the
School Commissioners to contact your coaches and ask them to email me their
3 volunteers asap.  If they do not have email access would you please get
the names and email them to me? Those of you who have the names and have
just been waiting to find out what to do with them, now can unload them on
me.

Ashley Wagner and myself will start calling them (so please include a phone
number!) to see when they would like to work.  The first names we get will
be the first we call so they will get the best choice of fields and times.
So do them a favor and get them in soon!!!

Thanks for your help on this.

Tammie Self
(281)955-5031


Dear Mr. Nur Azmin Abu Bakar,

Thanks for your prompt reply.

Please, let us know how many members of your team will
visit Enron.

I look forward to our meeting on February 8.

Vince Kaminski

azminab@petronas.com.my on 01/02/2001 06:38:33 PM
To: Vince.J.Kaminski@enron.com, KhairuddinBMJaafar@petronas.com.my,
Shirley.crenshaw@enron.com
cc:
Subject: Re: Meeting on Feb 8, 2001

Dear Kaminski,

  Happy New year and thank you for the reply.  We are honored to have
lunch with you and your team however we have another appointment at
2.30p.m.

Regards

Vince.J.Kaminski@enron.com on 03/01/2001 07:38:19 AM

To:   azminab@petronas.com.my
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Subject:  Meeting on Feb 8, 2001

Dear Sir,

I would like to apologize for the delay in responding to your fax.
I was on vacation for the last few days.

I shall be honored to meet your delegation on Thursday, February 8 at 10:00
a.m.
Please, let me know if you will be free for lunch after the meeting.

Vince Kaminski


Thanks Justin - I was planning to come over some time shortly after the first
of the year.   A month or two ago Mark H. mentioned that there might be an
ISDA meeting in January that he wants me to attend so I'll probably try to
schedule something around then.  I believe that's around the 28th.  Let's try
to set up dinner again!

	Enron Capital & Trade Resources Corp.

	From:  Justin Boyd                           11/30/98 09:47 AM

To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Re: Proposed New Swap with BEB

Hi Mark,

The document we use is an adaption of the Enron Master Swap Contract, but
tailored for a single one-off swap deal.

When are you over next?

Hope to see you shortly!

Justin

To: Justin Boyd/LON/ECT@ECT
cc:
Subject: Re: Proposed New Swap with BEB

What documents do we use for these deals?  Is it the German translation of
our Industrial Master?

	Enron Capital & Trade Resources Corp.

	From:  Justin Boyd                           11/26/98 07:40 AM

To: Mark E Haedicke/HOU/ECT@ECT, Alan B Aronowitz/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT
cc:
Subject: Proposed New Swap with BEB

We are looking at a new Rheinschiene (Gas Oil + Fuel Oil) Swap with BEB, a
German gas company. The key details are:

BEB are jointly owned by Esso & Shell
Plain vanilla swap
Enron pays floating
Term of 1 -3 years
Value between DEM 250,000 - DEM 10,000,000

I will keep you posted of new developments.

Justin


David,

Here are the reviews of the UT Energy Finance program that  you requested:

From Jennifer Martinez  (MBA class of 1999, Energy Finance taken fall of
1998):

The Energy Finance Program 2 years ago was very good, especially considering
it was the first year of the program.  There were a lot of guest speakers
from various energy companies who gave us a lot of practical knowledge about
the energy industry through case studies, lectures, etc.  Basically, we
learned all the same finance concepts and tools as in the regular finance
classes, but all the cases and examples were energy-related.  The professors
were good for the most part but didn't have a great deal of practical
industry experience.  If I had to guess the reason for decreased
participation in the program, I would probably say it is the professors.
Ronn and Titman are great but known as being very technical and
quantitative.  Some students prefer less technical professors and classes
that aren't limiting to the energy industry.  Also, the fact that the class
meets for 3 hours twice a week may not be so appealing.  Other than those
things, I can't imagine why there has been such a drop in enrollment.  I
especially don't understand why every single person didn't drop for Enron.  I
wonder if it has something to do with international status.???

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

From John Massey  (MBA class of 1999, Energy Finance taken fall of 1998):

Bottom Line -

UT Business Schools is great - Investment Fund - Best Activity available to
students
Energy Finance program - Fairly Weak -
It was a watered down version of the futures options class crossed with a
weak finance appendage -
The Finance teacher was pathetic - both a poor teacher, ignorant about
industry specific analysis, devoid of industry experience, rude to outside
lectures (from industry)
Keith Brown was the only educator that was any good and he only had a small
portion of the class time -

Way to make Better:
Get teachers with practical industry experience -
Make it a seminar Class - Focus on Case studies, lectures - given by people
from industry -
Promote the class within the business school - I felt like UT did a poor job
of internally (to students) promoting the class -

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

From Ross Mesquita  (MBA class of 1999, Energy Finance taken fall of 1998):

To be honest, a great majority of the coursework was not energy specific.
When energy applications were presented, it seemed more like general finance
questions were reworded to include energy lingo.  We had some very good
speakers, but for the most part, I did not feel like the 6 hours of class had
enough energy focus.  I assumed that this would get better as the program
progressed.

One reason that may account for the decline in enrollment is that Energy
Finance is a very specific focus.  I would have probably not enrolled in the
Energy Finance program had it been available in my first year.  I did not
know enough about energy at that time and I had returned to B-school to
consider several career options -- i.e., investment banking, corporate
finance, entrepreneurship, marketing, etc.  As a new MBA student, I would not
want to narrow my window of opportunities to only energy companies.

Here is my perspective and probably something that is true of many MBAs--

My interest in Enron brought me to the energy industry and not vice versa.

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

From Billy Braddock   (MBA class of 1999, Energy Finance taken fall of 1998):

I was a participant in the inaugural Energy Finance program in the Fall of
1998.  The primary positives to the class revolved around outside
panels/instruction.  For example, Enron sent representatives on 2 separate
occasions to discuss particular topics (Vince Kaminski and Gary Hickerson).
Other notable speakers were Jeff Sandefer (independent business consultant
and E&P professional), the Beacon Group, and Encap Investments.  Another good
speaker was a professor from UT's school of engineering.  He brought a good
perspective as to the "basics" of the energy business.

The class was structured via a team-based instruction approach, with 3
professors team-teaching a 6-hour credit course.  None of the 3 professors
had any product knowledge of the energy business.  Of the 3 professors, 2
were research focussed/tenured with little credibility in "teaching."  One of
the professors primary focus of research was fixed income, while the other 2
were investments and corporate finance, respectively.

As is the case for UT's finance program in general, and energy finance in
particular, UT is in dire need of teaching professors (as opposed to research
professors) that have the ability to convey finance with practical examples
and at a level that can be more easily be understood by students without a
finance background.  Particular to the energy program, UT needs to have more
instruction from energy professionals (such as the instructors used for
Enron's internal learning programs (ie. Derivatives classes, etc.).

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

From Bryan Williams  (MBA class of 1999, Energy Finance taken fall of 1998):

I participated in the first Energy Finance class offered in Fall of 1998, at
the University of Texas.

The curriculum was understandably &rough around the edges8 as 1998 was the
first year the Energy Finance course was offered.  However, the instruction
also suffered as none of the instructors had any energy background to speak
of (The 6-credit hour class was team taught by three tenured professors).

Two of the three professors have co-authored textbooks, and the third
professor,s claim to fame is fixed income.  As a group, the three professors
are research-heavy (as opposed to industry focused), and the team-teaching
format did not incent any one of the profs to be personably accountable for
the success of the class.

That said, the instructors did a good job attracting some top notch outside
speakers.  Among them: Vince
Kaminski & Gary Hickerson, both of Enron.  They also dedicated one class
period to a video conference call with the Beacon Group, an energy consulting
group that I believe was recently acquired by Goldman.
Jeff Sandefer, an independent businessman, an entreprenuership instructor,
and one of the foremost experts in the E&P sector, also spoke to the class.
Jeff was joined by some of the executives from Houston-based Encap.

The woes of the Energy Finance could be easily remedied by injecting some
instruction from someone from industry.    The class is too
academic/theoretical with too few relevant examples excerpted from the energy
sector.

The instructors Enron uses for the Derivatives courses taught internally are
good examples of people who can package very relevant information and
successfully articulate it in a couple of days.  Perhaps a similar approach
would bode well for the Energy Finance program at UT.

------------------------------------------------------------------------------
------------------------------------------------------------------------------
----------------------------
From Yuan Tian  (MBA class of 2000, Energy Finance taken fall of 1999):

Here are my thoughts on the UT Energy Finance Program:

Pros:
- more focused on the Finance studies in the Energy Industry which is right
now in a transition period from regulation to deregulation and thus is
exposed to different financial perspectives from the other industries;
- there are some experienced, brand-name professors (e.g. Sheridan Titman)
teaching in the program;

Cons:
- the program should give the students more exposures to energy companies
such as Enron. Specifically, it might need to help students link to the
interview oppurtunites from these energy companies such as Enron;
------------------------------------------------------------------------------
------------------------------------------------------------------------------
--------------------------------------------------------------------------
From George Huan  (MBA class of 2000, Energy Finance taken fall of 1999):

Companies expect MBA students to have both general management (new ideas) and
analytic (quantative) skills.  Energy industry is no exception.

Energy Finance Program offers Financial Strategy and Risk Managements courses
which fit in the insudtry need.  However, these two courses are far from
enough to help students understand the dynemic of industrial transformation
and excitements and opportunities in this industry.   Other management and
quantitive courses are needed to complete this program.
My suggestions:

1) Seminars or lectures about energy industry and energy companies. Before
students make their decisions, let them know:  What's happening and what's
going to happen in this industry;  What the companies are doing now;  Who
they are looking for.
2) Management and/or analytical courses should be included.  Such as:
Strategy, Financial enginering and Real Option.
3) More industry connections. Presentations and discussions.

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

From Charlie Weldon (MBA Class of 2000, Energy Finance taken in fall of 1999)

My experience in the Energy Finance program overall was a positive
experience.  The most rewarding part of the class was the guest speakers
brought in during Dr. Titman's portion of the class.  This part of the course
is taught in the second half of the semester and consisted of ~10 case
classes all focusing on the Energy industry.  Two of the cases were based on
Enron, and overall the case selection in my opinion was very appropriate and
well thought out.  Value added by the professor was less than from the
speakers and cases.

The first eight  weeks of the course covered futures and options.  Nearly all
of the examples and problems discussed pertained directly to the energy
industry and special emphasis was placed on increasing the student's
understanding of the supply and demand dynamics in the power market.  The use
of options and futures for speculating and/or hedging was stressed on
numerous occasions and a decent attempt at explaining how to value a power
plant project.

I believe that the University Energy Finance faculty are trying to
continuously make improvements to the program.  However, I do not believe
that they are moving fast enough or necessarily down the right path to
improvement.   There is a strong need for more practical based training on
energy derivatives similar to the course taught by Paradigm here at Enron.
The focus of the University teachers is quite theoretical, due in large part
to their background.  While the theoretical basis is crucial to understanding
the basics, the real value of such a program in my opinion is the effective
bridging of the theoretical with the practical all in one course.

Until measures are taken to inject practicality from someone with extensive
industry experience, I believe the Energy Finance program will continue to
underdeliver on its objectives.  Additionally, I believe that the course
structure should be changed to eliminate the need of having 3 consecutive
hours of classroom instruction.


Bill:

Please deploy the following local.env file into TDS stage. It will connect to sitstge instead of sitpara, so we can complete the dealcapture to CPR to positions loop.
(We cannot use sitpara because we cannot create deals into the production instance sitpara points to.)

Thanks


Rafal,

Dziekuje. Jarek Dybowski, nasz pracownik, przeslal mi Twoj URL.

Wicek

Rafal Weron C-11 <rweron@mazur.im.pwr.wroc.pl> on 01/30/2001 03:15:09 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re:

Wicek,

> Dziekuje za odpowiedz. Bede bardzo wdzieczny za ksiazke:

Dzisiaj ja wysle, razem z dodatkowymi artykulami.

A swoja droga skad sie o mnie dowiedziales?

Rafal


Tom if you haven't seen this yet....this really is scary!

 By Paul Harvey - Conveniently Forgotten Facts
> > >> > >> >
> > >> > >> > Back in 1969 a group of Black Panthers decided that
> > >> > >> > a fellow black panther
> > >> > >> > named ... Alex Rackley needed to die. Rackley was
> > >> > >> > suspected of disloyalty.
> > >> > >> >
> > >> > >> > Rackley was first tied to a chair. Once safely
> > >> > >> > immobilized, his friends
> > >> > >> > tortured him for hours by, among other things,
> > >> > >> > pouring boiling water
> > >> > >> > on him. When they got tired of torturing Rackley,
> > >> > >> > Black Panther member,
> > >> > >> > Warren Kimbo took Rackley outside and put a bullet
> > >> > >> > in his head. Rackley's
> > >> > >> > body was later found floating in a river about 25
> > >> > >> > miles north of New Haven, Conn.
> > >> > >> >
> > >> > >> > Perhaps at this point you're curious as to what
> > >> > >> > happened to these Black Panthers.
> > >> > >> >
> > >> > >> > In 1977, that's only eight years later, only one of
> > >> > >> > the killers was still
> > >> > >> > in jail. The shooter, Warren Kimbro, managed to get
> > >> > >> > a scholarship
> > >> > >> > to Harvard, and became good friends with none other
> > >> > >> > than Al Gore.
> > >> > >> > He later became an assistant dean at an Eastern
> > >> > >> > Connecticut State College.
> > >> > >> >
> > >> > >> > Isn't that something? As a '60s radical you can
> > >> > >> > pump a bullet into
> > >> > >> > someone's head, and a few years later, in the same
> > >> > >> > state, you can become an assistant college dean!
> > >> > >> >
> > >> > >> > Only in America!
> > >> > >> >
> > >> > >> > Erica Huggins was the lady who served the Panthers
> > >> > >> > by boiling the
> > >> > >> > water for Mr. Rackley's torture. Some years later
> > >> > >> Ms. Huggins was elected to a California School Board.
> > >> > >> >
> > >> > >> How in the world do you think these killers got off so easy?
> > >> > >> >
> > >> > >> > Maybe it was in some part due to the efforts of two
> > >> > >> > people who came
> > >> > >> > to the defense of the Panthers. These two people
> > >> > >> > actually went so far
> > >> > >> > as to shut down Yale University with demonstrations
> > >> > >> > in defense of the
> > >> > >> > accused Black Panthers during their trial.
> > >> > >> >
> > >> > >> > One of these people was none other than Bill Lan
> > >> > >> > Lee. Mr. Lee,
> > >> > >> > or Mr. Lan Lee, as the case may be, isn't a college
> > >> > >> > dean. He isn't
> > >> > >> > a member of a California School Board. He is now
> > >> > >> > head of the
> > >> > >> > US Justice Department's Civil Rights Division,
> > >> > >> > appointed by none other than Bill Clinton.
> > >> > >> >
> > >> > >> > O.K., so who was the other Panther defender? Is
> > >> > >> > this other notable
> > >> > >> > Panther defender now a school board member? Is this
> > >> > >> > other Panther apologist now an assistant college dean?
> > >> > >> >
> > >> > >> > No, Neither!
> > >> > >> >
> > >> > >> > The other Panther defender was, like Lee, a radical
> > >> > >> > law student at Yale
> > >> > >> > University at the time. She is now known as The
> > >> > >> > "smartest woman
> > >> > >> > in the world." She is none other than the
> > >> > >> > Democratic senator
> > >> > >> > from the State of New York----our former First
> > >> > >> > Lady, the incredible Hillary Rodham Clinton.
> > >> > >> >
> > >> > >> > And now, as Paul Harvey said; You know "the rest of
> > >> > >> > the story".
> > >> > >> >
> > >> > >> > Pass this on! This deserves the widest possible
> > >> > >> > press..
>
>


Thanks for the update.

From: John Hardy@ENRON_DEVELOPMENT on 05/10/2001 09:48 AM
To: Rebecca McDonald/Enron@EnronXGate
cc: Ben Glisan@ECT, Steven J Kean/NA/Enron@Enron, Rob Walls/ENRON@enronXgate

Subject: USG overtures on Dabhol

Rebecca
 At a meeting yesterday at OPIC on Trakya, another of our problem projects,
Dabhol was raised.  A representative from the White House transition team
joined the conversation.  I was asked the terms under which we were prepared
to negotiate and I told them at a minimum upon a commitment by the Indian
authorities to serious negotiations which would include full compliance with
the terms of the contracts and progress in the reform of the MSEB.  I made
clear that we do not see the Godbole Committee as the basis for such a
discussion.
 I think the USG wants to be on record politically encouraging the Indian
Govt. to engage in discussions all parties consider to be meaningful in hopes
of working things out before it is too late, even while through OPIC and EXIM
it is supporting the move towards PNT.  The administration may be concerned
that without such a diplomatic overture on its part it could be concluded
that the USG has politically taken a position on the project.
 In Trakya, for example, the USG has been quite proactive in pressing the
Turkish govt on the payments issue and even in discussing the payment
concerns with the IMF so that the payments issues for the BOTs (two of the
four in Turkey are US sponsored) are taken into account as the IMF program
moves forward.
 So I anticipate that the USG will shortly be meeting with the Indian
ambassador here and the US Charge in Delhiwill likely be directed to make the
rounds and meet with senior government officals on the project.
 I wanted you to be aware of this; also any guidance you can provide would be
helpful.  Thanks John


mine is:

home 281 532 4627
email randyshona@hotmail.com

Best regards

 -----Original Message-----
From: 	McKinney, Hal
Sent:	Friday, November 30, 2001 2:48 PM
To:	Abel, Chris; Wilson, Shona; Luong, Anita; Thibodeaux, Kenneth; Allison, John; Trevino, Susan; Hernandez, Nancy; Schultz, Cassandra; Adams, Aaron; McClure, Zakia; Ramesh, Ganapathy; Considine, Keith; Lim, Francis S.; Husain, Karima; Prejean, Frank; Bruce, Michelle; McLaughlin Jr., Errol; McDowell, Shirley; Scott, Susan M.; Couch, Greg; Barrington, Paul; Johnson, Luchas; Quigley, Dutch; Schulte, Vanessa; Wang, Huei-Ying; Jones, Brad; Shea, Alex; Brewer, Charles
Subject:	Contact Info

(Just in case...) I have enjoyed working with all of you talented people.

Good Luck & Thanks,

Hal McKinney
work - (713)345-3707
cell - (281)773-7982

hmckinney3@yahoo.com


To begin occurring every Monday & Wednesday at 9:00am in ECN 30-C-1 beginning December 17, 2001 per e-mail 12/12/01.


According to this morning's Washington Post, the Bush Administration will
support the expected FERC action today of extending the existing California
price mitigation regime to 10 other Western states and to all days/all hours,
not just during California emergencies (stages 1, 2 and 3).  This action
comes only a day before FERC and other witnesses will  testify on the
Feinstein/Smith price cap legislation before the Senate Energy Committee,
Gov. Davis and FERC will  testify before the Senate Governmental Affairs
Committee on Wednesday, and the House Financial Services Committee joins the
fray with a hearing on the California energy situation on Wednesday.  The
latter committee will probably base its jurisdiction over some aspect of
energy policy on a number of factors, including its jurisdiction over
presidential economic emergency powers.  The committee staff has in the past
expressed interest in derivatives and other financial aspects of energy
trading and markets.  We are checking now to quietly determine whether these
issues will be on Wednesday's agenda.


This is to notify you that the minutes from the October 25-26 meeting have
been posted on the web site:  www.businesscouncil.com.


The Executive Reports Viewer, located at http://ersys.corp.enron.com
(Explorer 5.0), is a secured website that provides
executive and management reports online.  Examples include the daily position
reports, gas position reports and power position reports.
We would like to remind you that additional reports have been added to the
Executive Reports Viewer which can be requested through
eRequest (http://itcentral.enron.com).

If you have any questions or comments regarding the Executive Reports Viewer,
please contact me at 5-3477.

Thank you,

Annemieke Slikker


Just a quick note to let everyone know Larry spoke with Mr. Trujillo at the
end of last week.  He told Larry that he or Mr. Zaman would get back to
Johnny or Larry about whether or not we would meet.

We await word.


Terry, can you send Ranelle July.  Ranelle, Terry is working on October
	and should have that ready tomorrow.  Thanks. Lynn

 -----Original Message-----
From: 	Paladino, Ranelle
Sent:	Tuesday, October 02, 2001 2:58 PM
To:	Blair, Lynn
Subject:	RE: Questions on MDQ

Lynn,
Any luck getting a copy of that July Bushton report for me?  It was the one that showed who was scheduled at Bushton with Rate Schedule data so we could see who was flowing interruptible either from a receipt point to the inlet to Bushton or from the outlet to Demarc.
Ranelle

 -----Original Message-----
From: 	Blair, Lynn
Sent:	Friday, September 21, 2001 4:41 PM
To:	Pritchard, John; Paladino, Ranelle; Winckowski, Michele
Cc:	Kowalke, Terry; Buchanan, John; Blair, Lynn; Darveaux, Mary
Subject:	Questions on MDQ

	Ranelle, John and Michelle,  thought I would send this statement to you and see if this
	helps simplify our answer to your question.

	The question is:  How is MDQ used in the nomination system to ensure we do not
	double up on MDQ volumes when we have split paths (i.e. nom on same contract
	from (1) Mid 15 to Bushton Inlet and from (2) Bushton Outlet to Demac)

	For Nominating purposes:

	MDQ of contract = Primary Firm + Alternate Firm up to the MDQ.
	Anything over the MDQ will be Overrun and charged at the IT rate.

	Point MDQ needs to be considered when allocating a receipt point.

	EXAMPLE:

	If the Field MDQ is 10,000, then we will  (1) total the reciepts nominated on the
	contract; (2) compare the total nominated to the Contract MDQ.  Then the shipper
	will get firm (primary and alternate) up to their contract MDQ.  Anything over will be
	overrun at IT rate.

	If anyone has any other questions, please let me know.  Thanks. Lynn


is this on the calendar
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/05/2001
03:16 PM ---------------------------

Donna Jones
01/05/2001 09:23 AM
To: Mark Koenig/Corp/Enron@ENRON, Mark Metts/NA/Enron@Enron, Jeffrey
Sherrick/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, Ben F Glisan/HOU/ECT@ECT,
Philippe A Bibi/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT, Jeremy Blachman/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, David Cox/Enron Communications@Enron
Communications, Steve Elliott/Enron Communications@Enron Communications, Jim
Fallon/Enron Communications@Enron Communications, Rod
Hayslett/FGT/Enron@ENRON, Danny McCarty/LON/ECT@Enron, John J
Lavorato/Corp/Enron@Enron, Diomedes Christodoulou/SA/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Arvind Bhatnagar/SIN/ECT@ECT,
Matthew Scrimshaw/LON/ECT@ECT, Thomas E White/HOU/EES@EES, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Dolores Fisher/NA/Enron@Enron, Karen K Heathman/HOU/ECT@ECT, Kay
Chapman/HOU/ECT@ECT, Sue Ford/HOU/ECT@ECT, Kathy Campos/GPGFIN/Enron@ENRON,
Julie Armstrong/Corp/Enron@ENRON, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary E
Garza/ENRON_DEVELOPMENT@Enron_Development, bgarzac@enron.com, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Peggy McCurley/HOU/ECT@ECT, Amy K
Cooper/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christina Grow/Corp/Enron@ENRON,
Molly Bobrow/NA/Enron@Enron, Stacy
Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marsha Schiller/HOU/ECT@ECT,
Tammie Schoppe/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Leah Rijo/Enron
Communications@Enron Communications, Joannie Williamson/Corp/Enron@ENRON,
Lauren Urquhart/LON/ECT@ECT
Subject: Reminder...Welcome New Analyst Reception

Good morning everyone!

Your attendance would be most appreciated.  Please contact me at x33175 and
confirm if you have not done so.  We look forward to seeing you!

Kind regards,
Donna Jones
Recruiting Coordinator
x33175


Comp


Hollis -

Per the phone conversation earlier today, below is a chart exhibiting the
differences between the Monthly Operational Report (Mark Fisher) and the
Weekly MTD (John Ruiz) numbers posted on the web.  Both cases should include
the numbers through the end of the month.  From what we discussed, my
understanding is that the chart should pool from the same source.  Please let
me know if I am viewing this information incorrectly.

Thanks,
Ilan


THEY WILL CONDUCT THE MIGRATION TONIGHT...LOGOFF YOUR COMPUTERS BEFORE YOU LEAVE.

THANKS

TJAE

 -----Original Message-----
From: 	UBSW Energy Global Infrastructure
Sent:	Monday, February 04, 2002 8:51 PM
To:	DL-GA-all_UBSW Energy
Subject:	DRAFT:  INFORMATION, Please Read: UBSWE Migration postponed

Due to a variety of circumstances we did not migrate employees to the UBSWE environment tonight (Monday, February 4, 2002). We will communicate further details of the migration plan on Tuesday, February 5, 2002.

Thank you for your cooperation in advance, please contact the Resolution Center at x 3-1411 should you have any questions.

UBSW Energy Global Infrastructure


As folks know, I am sending our suggested legislative language to DOE this
afternoon,  The package you were asked to review contained legislative
language making RTO participation mandatory.  After further discussions with
Tom Briggs, I am not sending the mandatory RTO language as a part of our
package.  My concern with sending it as legislative language is that this
would muddy the waters on our open access rulemaking (a draft of which we are
getting this Friday from Watkiss and which we plan to transmit to DOE next
week).  FERC has existing authority to make RTO participation mandatory.
Thus, instead of fighting out the issue in the legislative sphere, we should
reserve it for a possible rulemaking in open access.  We decided not to two
track open access, so I don't think we want to two track mandatory RTOs.  If
anyone disagrees with this strategy, we can send it first thing Thursday in
legislative form to DOE.

----- Forwarded by Linda Robertson/NA/Enron on 06/13/2001 02:25 PM -----

	Rick Hogan
	06/13/2001 01:38 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Linda Robertson/NA/Enron@ENRON
		 Subject: DOE legislative language

Mr. Kean,

Please review the final versions of the attached documents and make any
comments directly to Linda,  ASAP.  Please note that we are revising the
interconnect language. Donna Bobbish at V&E will soon submit the changes.


Gary,

Just wanted to check and see how things were going for you on 44.  Hopefully
you are now in possession of a phone.  If so give me a call, I would really
like to get together for a cup of coffee or just a few minutes to enjoy the
lovely weather outside.

sscott5

- I'm confident Keri and Caroline are well.


The promotional memo came out a few hours too late today for me to be able to
mention it when we talked this afternoon.  Congratulations on your promotion
to managing director!  --Sally


A couple of people have asked me similar questions that I'm not sure I
wanted to spend a lot of time on tommorow but that others would probably
find interesting.

> In class we talked about how monetary policy had no discretion when
> interest rates are fixed (they essentially have to follow the lead of the
> country you are fixing to). But we also talked about Argentina (or Brazil?,
> I don't have my notes with me) fixing to the dollar, but that interest rates
> were still higher because of the risk factor. Can you explain a bit more
> about how those two coexist?

also.....

> 1.      What is the difference between pegging your currency versus having a
> fixed exchange rate?  I assumed they were the same and that the only option
> available to countries that pegged/fixed exchange rates was to
> devalue/revalue their currency in specific situations - but NOT have the
> ability to change interest rates since their currency is fixed  But time &
> againg, you read (in the FT) about countries (with pegged/fixed systems)
> making a trade-off between changing interest rates (which I understood was
> not allowed) or devalue/revalue their currency.  Also, does the presence of
> a currency board versus having a central bank make a difference?  This is
> especially confusing in understanding the effects of Argentina peggin to the
> dollar and it's impact......

First pegged exchange rates are the same as fixed exchange rate.  A
currency board goes further by promising by law that you will not change
the fixed rate (ie devalue).

In reality, r = r* does not hold perfectly.  It is a simplification
which we use to explain why under a fixed exchange rate system monetary
policy is inneffective...that there would be infinite capital flows to
the country with a higher interest rate.  I would read through Mankiw p
315 to 318 for a discussion on the risk premium which addresses your
question.

Now, the situations you refer to where a country chooses between
devaluation or raising interest rates occurs because a country is
drawing down its foreign reserves and despite the fat that r = r*, money
is flowing out. You can think of this as the introduction of a risk
premium, theta.  So that r = r* + theta. So r must now be raised in
order to preserve the capital flow equilibrium.

Without foreign reserves the central bank cannot honor the fixed
exchange rate.  Its choices then are either to raise the interest rates
sharply to preserve the currency or to devalue thereby raising net
exports and making it more expensive for foreigners to sell the domestic
currency (ie pesos) for dollars.  In the Mexico example in Mankiw, the
country did not raise rates and was eventually forced to devalue.

Often the idea is that a country should take the step to devalue before
it is in a crisis situation if it is not willing to cause a recession to
keep the exchange rate fixed.  This is what the IMF advised the Asian
countries months before the crisis.  They did not want to because of
credibility issues and fears that devaluing itself might precipitate a
crisis and raise the risk premium.  The problem is that if you wait too
long it becomes a fate accompli.

A currency is advocated by some because it replaces the central bank
with "a cash register" and solves the credibility issue.  The main
drawback is that you may have to cause a recession to honor your
exchange rate.


Rika,

Looks good to me!

DB

 -----Original Message-----
From: 	Imai, Rika
Sent:	Wednesday, February 06, 2002 2:50 PM
To:	Bailey, Debra; Baughman Jr., Don
Subject:	RE: directories

Don,

Please determine if you want the following information

Rika
M:\Electric\Transmission

 -----Original Message-----
From: 	Bailey, Debra
Sent:	Wednesday, February 06, 2002 2:30 PM
To:	Furrow, Dale
Cc:	Will, Lloyd; Bentley, Corry; Imai, Rika
Subject:	directories

Dale,

I checked the following directories you requested in our meeting today.  See my notes below:

M:\Electric\Genco			All of the Genco files must stay with the estate
M:\Electric\NERC Reports		Rika Imai will move over to UBS
M:\Electric\Transmission		Rika Imai will move over to UBS
M:\eServices\Genco			All of the Genco files must stay with the estate
M:\Electric\MidMarket\Transmission Info
M:\Electric\MidMarket\Transmission Studies

The two tranmission folders in the MidMarkets directory are not ours.  We will not need them however, you may want to take a quick look to see if your organization will need the information.

Please let me know if you need me to check others for you.

Thanks.

Debra


My mom's new phone number is 210-492-2104 and I can be reached there. I'm trying to get to Houston on this friday, saturday, or sunday. Ray I need Rudy's phone number or let him know I'll be in houston. Look forward to seeing everyone!
Leo


Yes, please.

	From:  Kathleen Carnahan                           01/18/2001 12:02 PM

To: Kay Mann/Corp/Enron@Enron, ccampbel@KSLAW.com
cc:

Subject: January 8 Letter Agreement with Original Signature of Sweetgum

Kay and Carolyn,

Ozzie Pagan just handed me a letter agreement with Sweetgum's original
signature on it.  It is the January 8 letter from ENA to Sweetgum with
enclosures of the final execution forms of the three (3) Facility Agreements
(Receipt acknowledged by Sweetgum).

Kay,  do you want me to send this to Carolyn?

Kathleen


HOT DEALS TRAVEL  NEWSLETTER 	[IMAGE]

  October 24, 2001 - No changes this week except to make  the great deals even better. The only hard part is deciding where to go  first! Read more to find out what should be at the top of the list.  Your feedback  has been very helpful. Please keep it  up!

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----- Forwarded by Richard B Sanders/HOU/ECT on 09/28/2000 10:37 AM -----

	Charles Ward@ENRON
	09/28/2000 10:21 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Dan Lyons/HOU/ECT@ECT, Garrick Hill/HOU/ECT@ECT, Carl
Tricoli/Corp/Enron@Enron, W David Duran/HOU/ECT@ECT
		 Subject: SWPC Outstanding Invoices

In order to resolve our warranty issues under the outstanding invoices with
SWPC (both before and after our purchase), I request that Milbank Tweed be
engaged for a limited review of the documentiation surrounding the issues
(including warranty, consequential damage, incremental labor coverage).
Milbank has a depth of project experience on project construction and
equipment suppliers and their agreements.  I would propose the West Coast
office and allow Ed Feo to select the appropriate personnel.

While I beleive that Milbank is not the only firm that can perform this
engagement adequately, I do believe that they could be timely and cost
efficient on a issue as largely commercial issue as this.  Please let me know
your view as we need to resolve our options, and ultimately our course of
action next week.

Chuck Ward


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1.

                       COMMENT & ANALYSIS: Stretching the figures: Calculating
                       accurate values for companies in the new economy takes
more
                       than a grasp of mathematics - a dash of economics,
politics and
                       logic would not go amiss, says John Kay:

                    COMMENT & ANALYSIS: Stretching the figures: Calculating
accurate
                    values for companies in the new economy takes more than a
grasp of
                    mathematics - a dash of economics, politics and logic
would not go
                    amiss, says John Kay:
                    87% match; Financial Times ; 24-Apr-2000 12:00:00 am ;
1170 words

                    Do the math. The slogan favoured by Jim Clark, creator of
Silicon Graphics,
                    Net-scape and Healtheon, has become the mantra of a
generation of
                    consultants and investment bankers. The new economy, they
claim, requires
                    new principles of valuation.

                    C.com is one of the most exciting prospects in
business-to-business
                    commerce. It is the world leader in a growing market -
annual sales by 2010
                    are likely to be Dollars 500,000bn. If C.com can maintain
a 5 per cent share
                    and earn only 1 per cent net margin its prospective
annual earnings will be
                    Dollars 250bn.

                    If we assume that market growth after 2010 is 5 per cent
and discount future
                    revenues at 10 per cent, the prospective value of C.com
is Dollars 5,000bn -
                    about 10 times the recent market capitalisation of
Microsoft, Cisco or General
                    Electric.

                    You don't have to wait for the IPO. You can buy shares in
C.com right now for
                    less than 5 per cent of that value. C.com is called
Citigroup and in addition to
                    its foreign exchange trading, which is the business I
have described, you get
                    its other wholesale, retail and investment banking
activities and a leading
                    insurance company thrown in.

                    Of course, nobody would be so stupid as to value
Citigroup in this way. Yet I
                    have followed more or less exactly the methodology
recommended in the
                    latest McKinsey quarterly for the valuation of new era
companies. They use
                    precisely analogous calculations to arrive at a valuation
of Dollars 37bn for
                    Amazon.com.

                    Paul Gibbs, head of merger and acquisition research at
J.P. Morgan, recently
                    used similar principles to confirm that assessment of
Amazon. He then
                    performed the same calculation for internet service
provider Freeserve.

                    Assume that UK retail sales grow at 5 per cent a year,
that 25 per cent of
                    sales take place on the net, that portals capture 50 per
cent of these, that
                    Freeserve gets 30 per cent of the portal share and
maintains an 8 per cent
                    commission on sales. Multiply these together and you
establish that in 2017
                    Freeserve will make profits of o2bn (Dollars 3.2bn).
This, he argues, justifies a
                    value today of o6.50 per share.

                    But I prefer T.com to Freeserve. T.com has a customer
base four times larger
                    than Freeserve. Its franchise is stronger. Its customers
are concentrated in
                    the affluent south-east of England, where it faces
virtually no competition.
                    Market research shows that more than 95 per cent of its
customers use its
                    essential services every day, many of them several times
a day.

                    T.com also has ambitious plans for expansion. At present,
its geographical
                    coverage is less than one-quarter of the market in
England and Wales. T.com
                    has an interest in south-east Asia. The population of
China is 100 times the
                    number of people who today can access T.com services.
Even after the recent
                    market correction, T.com, better known as Thames Water,
still has a market
                    valuation below that of Freeserve. At the widest point
between the old and new
                    economies, Freeserve was worth four times as much.

                    The reason the Citibank calculation is nonsense is
simple, but fundamental.
                    The margins Citibank makes on its forex business vary
widely. If you buy
                    small quantities of notes from a bank, the spread is much
wider than 1 per
                    cent. If you are a large corporation trading major
currencies, the margin is
                    wafer thin. Entry and competition force prices down to
the related costs.

                    In Mr Gibbs's model, Freeserve earns profits of o2bn,
about equal to the
                    current profits of Tesco, J. Sainsbury and Marks and
Spencer together. And it
                    earns these on revenues of only o2.5bn, so that profits
are 80 per cent of the
                    value of its sales. No established business earns margins
of that size.

                    Thames Water is one of a tiny number of companies whose
market position is
                    so strong, whose output is so necessary to life, that if
it charged five times the
                    current price we would have little choice but to pay. We
do have one option -
                    to insist the government intervenes. It confines Thames
Water to a return on
                    its capital employed of about 6 per cent.

                    The idea that profit is a return on capital invested
still has some role in new
                    economy valuation, at the level of the overall market.

                    There is a key formula in the new math. The required
yield on a security is
                    equal to the difference between the rate of return
demanded from that class of
                    securities and its expected rate of growth. So, if you
expect a return of 5.5 per
                    cent from a share whose dividends will grow at 5 per
cent, calculations show
                    that the dividend yield should be 0.5 per cent.

                    This is the calculation done by James Glassman and Kevin
Hassett in their
                    book Dow 36,000*. Claiming that sustainable dividends
average half of
                    earnings, this yield equates to a price/earnings ratio of
100 - implying a target
                    of 36,000 for the US index.

                    The trouble with this theory is that it takes too long to
produce what the
                    investor is looking for. Investors will receive only
two-fifths of the cash
                    sustaining the valuation this century. One-third of the
total depends on
                    dividend cheques that will arrive after 2200.

                    Two hundred years ago, well before the Dow Jones average,
prudent,
                    diversified investors would have owned slave traders and
sugar plantations, or
                    perhaps a bold speculation in that symbol of the then new
economy -a canal.
                    The next 200 years may be more stable than the last and
Microsoft and Cisco
                    may prove more enduring than plantations. But we can
hardly be sure.

                    While 5 per cent may be a reasonable assumption for the
growth rate of
                    dividends in the US economy as a whole, it is likely that
well before 2200
                    most of these will come from companies not yet founded.

                    Suppose we accept Glassman and Hassett's protests that
their dividend
                    growth expectations are conservative. If you raise them
only from 5 per cent to
                    5.25 per cent, the anticipated value of the Dow Jones
average is 72,000. At
                    5.5 per cent the formula breaks down because the shares
of US companies
                    are infinitely valuable. Not even the most credulous
dotcom investor believes
                    that.

                    The math also works in reverse. If expectations of return
are 6 per cent rather
                    than 5.5 per cent, the market p/e ratio falls to 50 and
the value of the Dow
                    Jones from 36,000 to 18,000. And if equity investors
require a return of 8 per
                    cent, you would have to conclude that shares are worth
only half their current
                    level.

                    An 8 per cent expected total return is not ambitious for
an equity investor. A
                    day trader might think you were talking about a weekly
profit rather than
                    annual. Glassman and Hassett use a figure as low as 5.5
per cent - the return
                    on Treasury bonds - because they argue that equities have
so consistently
                    outperformed bonds that there is now no risk associated
with equity
                    investment. In other words, because equities are sure to
offer higher returns
                    than bonds, the expected yield on equities should be the
same as on bonds.

                    You do not have to be Wittgenstein to spot the flaw. The
rules of logic hold
                    even in cyberspace, and so do the principles of
economics. Profits are hard to
                    earn in competitive businesses, and markets that are not
competitive are
                    usually regulated. The value of companies ultimately
depends on their
                    capacity to generate cash for shareholders. Distant
returns are uncertain.
                    Share prices are volatile, and investors need to be
compensated for the risks.
                    These truths are as valid in the new economy as the old.

                    By all means do the math. Isaac Newton, who could do the
math better than
                    most, gave up an annuity of o650 per year to invest in
the South Sea Bubble.
                    In addition to the math, you need the econ, the pol, and
perhaps the
                    psychology.

                    * Dow 36,000: The New Strategy for Profiting from the
Coming Rise in the
                    Stock Market, James K. Glassman & Kevin A. Hassett,
Random House,
                    1999.

                    The author a director of London Economics.

                    Copyright , The Financial Times Limited


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000
05:38 PM ---------------------------

"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/17/2000 02:37:55 PM
To: pallen@enron.com
cc:
Subject: Daily Report

   Phillip,
        Today was one of those days because Wade had to go pay his fine and
I had to go take him that takes alot of time out of my schedule.If you get a
chance will you mention to him that he needs to, try to fix his van so tht
he can go get what ever he needs. Tomorrow gary is going to be here.I have
to go but Iwill E-Mail you tomorrow
                                            Lucy

________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


Darren,
Sorry to bother you during trading.   This is just a follow-up e-mail re:
Stacey Neuweiler.   We don't want to know the details of why Stacey is going
to the Dr. We just want a Dr. note stating for how long she is under her Dr.s
care.
Thanks, hgm


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 04/05/2000
01:29 PM ---------------------------

From:  Donna Greif
 04/05/2000 01:18 PM

To: Kathryn Bussell/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, Mark
McClure/HOU/ECT@ECT, Gary L Payne/HOU/ECT, Richard Pinion/HOU/ECT@ECT, Robert
Superty/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Edward
Terry/HOU/ECT@ECT
cc: Dave Nommensen/HOU/ECT@ECT, Diane E Niestrath/HOU/ECT@ECT, Carrie
Hollomon/HOU/ECT@ect, Bryce Baxter/HOU/ECT@ECT, Kathryn Cordes/HOU/ECT@ECT,
Dana Daigle/Corp/Enron@ENRON, Elizabeth L Hernandez/HOU/ECT@ECT, Julie
Meyers/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT,
Dianne J Swiber/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Dianne
Seib/CAL/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT,
Faye Ellis/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT,
Russ Severson/HOU/ECT@ECT, Martha Stevens/HOU/ECT@ECT, Karie
Hastings/HOU/ECT@ECT, Regina Perkins/HOU/ECT@ECT, Imelda Frayre/HOU/ECT@ECT,
William E Kasemervisz/HOU/ECT@ECT, Hunaid Engineer/HOU/ECT@ECT, Steven
Gullion/HOU/ECT@ECT, Larrissa Sharma/HOU/ECT@ECT, Thomas Engel/HOU/ECT@ECT
Subject: Re: Sitara Release (Re: Changes in Global due to Consent to
Assignment)

FYI....

This change went in for the Deal Validation group.   It gives them the
ability to change counterparties names after bridge back.

Impact to Logistics - Unify
If a counterparty name change takes place to deals that have been bridge
backed, it could cause problems on EDI pipes as that new counterparty name
will flow over to Unify and repathing should eventually take place.
One problem may be with the Imbalance data sets, which are not in production
yet......(EDI Imbalance Qtys would not match up to paths)
This may also cause an issue with the scheduled quantities (especially where
nominations were sent for entire month)
can't remember the rules on this one, but I think Unify does have some safe
guards (idiot proofs) to force re-pathing.
Unify does have the ability to over-ride duns numbers, yet would still cause
an additional step for EDI the scheduler would need to think through in order
to get a clean quick response.
What are (if any) impacts to Vol Mgt if counterparty name changes take
place?  (prior periods?  re-pathing?)

I have a call into Diane and Dave both.  After speaking w/ them, hopefully I
can get a clear understanding of the true impact.  I am sure we'll need to
put some processes and procedures together for Deal Validation to follow when
these type of changes are needed.

Will keep you posted.

Thanks,

dg

	From:  Thomas Engel                           04/05/2000 09:44 AM

To: Kathryn Cordes/HOU/ECT@ECT, Dana Daigle/Corp/Enron@ENRON, Elizabeth L
Hernandez/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Dianne J Swiber/HOU/ECT@ECT, Peggy
Hedstrom/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT
cc: Sylvia A Campos/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Faye
Ellis/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Russ
Severson/HOU/ECT@ECT, Martha Stevens/HOU/ECT@ECT, Karie Hastings/HOU/ECT@ECT,
Regina Perkins/HOU/ECT@ECT, Imelda Frayre/HOU/ECT@ECT, William E
Kasemervisz/HOU/ECT@ECT, Hunaid Engineer/HOU/ECT@ECT, Steven
Gullion/HOU/ECT@ECT, Larrissa Sharma/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT
Subject: Sitara Release (Re: Changes in Global due to Consent to Assignment)

Regarding the ability to change counterparties on deals in SITARA with
confirmed volumes - Tom's words of caution:

If someone calls you and wants to change a counterparty - we created the
ability for you to invalidate the deal - and
then change the counterparty - however - I did add a warning message:

"Warning - changing counterparty on deal with confirmed volumes - make sure
pipeline allows this change."

Some pipelines do not allow us to change counterparties after there is
feedback - I assume for the same reasons
we had this rule - it used to blow up our old scheduling systems
(pre-UNIFY).  Some pipelines will require a new
deal and we will have to zero out the old deal.

Before you make the change - make sure the logistics person is aware - just
in case it causes problems with their
pipeline.   Sorry - I don't know which pipes these are - you will have to ask
the UNIFY team.

There is one rule still in place - you can change from ENA-IM East to ENA-IM
Market East - but not from
ENA-IM Texas to HPLC-IM HPLC - when changing business units - they must be
the same legal entity.
"Warning - not the same legal entity"

Also - beware of making contract and counterparty changes to Service deals
(Transport Capacity, Storage, Cash Out).
Once the deal is invalidated - there are no rules.  Don't forget - the items
were locked down for a reason.
 If you invalidate a service deal - and change the previously locked down
data that was validated - and someone used these
deals in UNIFY - it is highly likely that the UNIFY deals and paths created
using these deals will get corrupted.  Always check
with someone from UNIFY to make sure no one used these deals for anything in
UNIFY.

---------------------- Forwarded by Thomas Engel/HOU/ECT on 04/05/2000 09:47
AM ---------------------------
From: Scott Mills on 04/04/2000 07:38 PM
To: Kathryn Cordes/HOU/ECT@ECT, Dana Daigle/Corp/Enron@ENRON, Elizabeth L
Hernandez/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Dianne J Swiber/HOU/ECT@ECT
cc: Steve Jackson/HOU/ECT@ECT, Thomas Engel/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Faye Ellis/HOU/ECT@ECT, Donna
Consemiu/HOU/ECT@ECT
Subject: Sitara Release (Re: Changes in Global due to Consent to Assignment)

With the release that was put out Tuesday evening, Deal Validation should be
able to change the counterparty on deals where the volume is something other
than expected (e.g. confirmed, nominated, scheduled, etc.).

In addition, this release will also capture "near-time" the contract changes
that are made in global.  This means that need for server bounces will not be
necessary.

 New/Changes to contracts will show up without having to get out of deal
manager.
 New Counterparties, and new/changes to facilities will require getting out
of all active Sitara apps (except for launch pad).
  Once out of all apps, start a new app - the respective information that you
are looking for will appear.

I mention "near-time" because we are constrained by the amount of time it
takes for the change in Global data to trigger an alert for Sitara who then
updates its information

SRM (x33548)

Cyndie Balfour-Flanagan@ENRON
04/04/2000 03:41 PM
To: Connie Sutton/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Kathryn
Cordes/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Richard Elwood/HOU/ECT@ECT, Dave
Nommensen/HOU/ECT@ECT, Kenneth M Harmon/HOU/ECT@ECT, Dana
Daigle/Corp/Enron@ENRON, Kathryn Cordes/HOU/ECT@ECT, Elizabeth L
Hernandez/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Dianne J Swiber/HOU/ECT@ECT, Gayle
Horn/Corp/Enron@ENRON, Brant Reves/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
cc:
Subject: Changes in Global due to Consent to Assignment

The following changes will be made in the Global Contracts database due to
receipt of executed Consent to Assignment for the following contracts:

Current Counterparty Name   Contract Type  Contract #   'New' Counterparty
Name
CES - Commonwealth Energy Services  GISB   96029892  Commonwealth Energy
Services

CES - Samuel Gary Jr. & Associates, Inc  GISB   96029302  Samuel Gary Jr. &
Associates

CES - South Jersey Gas Company  GISB   96029143  South Jersey Gas Company

CP name change and Contract Type correction (Contract Type different than
that provided by CES)
Per CES
CES - Southwest Gas Corporation  1/1/98 GISB  96029146

Per Contract File
CES - Southwest Gas Corporation  04/14/93 Master Purchase/Sale Interruptible
(will edit Global #96029146)
&
CES - Southwest Gas Corporation  12/01/94 Master Sale Firm   (created new
Global record to accommodate this K, #96037402)

Please note that Southwest Gas Corporation has consented to the assignment of
both of these contracts.


Tana -

Could you please send an e-mail to Mr. Gros asking for confirmation of the
relationship between Sunguard and the entity that signed the NDA (it is still
in my office).  What we need is some evidence of the subsidiary relationship.

Thanks.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 05/17/2001 10:51 PM -----

	lawrence.gross@sungard.com
	05/17/2001 04:37 PM

		 To: mark.greenberg@enron.com
		 cc:
		 Subject: ASC

Mark, perhaps if you sent me the agreement in question, I could better
answer your questions.  If you have it electronically, please email it.
Thanks.

Lawrence A. Gross
Senior Vice President-Legal & General Counsel
SunGard Data Systems Inc.
1285 Drummers Lane
Wayne, PA 19087
------------------------------------------------------------------------
Voice:      610-341-8896
Fax:          610-341-8115
Mobile:    267-254-1400
Email:      lawrence.gross@sungard.com
------------------------------------------------------------------------


The following servers will be coming down, please click on the icon for more
details and scheduled times :

PR1 (Apollo Production) and PR2 (HR Production) Servers will be DOWN

WHEN: 06.00PM (CST) Friday 12-15-2000  TO: 03.00PM (CST) Sunday 12-17-2000

There are three business reasons for this extended outage:

(1) Production Build activities associated with recent Enron expansion and
acquisitions
(2) Enhanced functionality
(3) System maintenance

What does this mean to our customers?

We do not expect your normal activities within the system will be affected.
However, in the unlikely event that you come across an unexpected result,
please contact the ISC Call Center at 713-345-4727.

Thank you.


Tricia,

The group has been disbanded as of Jan 15.
My last day will be on the 31st.
I will call you on weekend. What is your current phone number?

Vince Kaminski
10 Snowbird Place
The Woodlands, TX 77381
(281) 367 5377 (h)
(713) 410 5396 (c)
vkaminski@aol.com

Vince

 -----Original Message-----
From: 	"PATRICIA TLAPEK" <tti@rcnchicago.com>@ENRON
Sent:	Thursday, January 17, 2002 12:56 AM
To:	Kaminski, Vince J
Subject:

Vince,
How are you?

Just touch base when you have time.

Tricia


Please take me off you distribution.


You are invited to a reception after the Fisher Center Conference.? The
reception is part of the conference but is open to all students free of
charge. It will be held at the Bank of America Forum on Wed, December 6,
5:15-7pm.? To RSVP use our Web-based system at
http://www.haas.berkeley.edu/citm/#Conf . On the request for registration
form, enter:
100% for the discount amount
RECEPTION for the discount group
There is no need to fill out the address & phone information for this RSVP.
After submitting the form? there will be no further contact (the system's
message to that effect is for conference registration only), and a tag with
your name will be available at the reception area.

For those who would also like to attend the conference at a nominal fee of
$50, .request a admission through our Web-based system at
http://www.haas.berkeley.edu/citm/#Conf . On the request for registration
form, enter:
95% for the discount amount
MBAxx (xx is 01 or 02) for the discount group

The Fisher Center for Information Technology & Marketplace Transformation
Haas School of Business
University of California, Berkeley
Invites you to a One-day Conference  eBusiness Transformation: Breaking Away
from Legacies  Featuring George Surdu
Director of the Information Technology Services Group, Ford Motor Company

December 6, 2000
Wells Fargo Room, Haas School of Business
Conference Agenda
8:15 - 8:45am Registrations & Refreshments
8:45- 9:00am Welcome and Overview
Professor Arie Segev, Director, Fisher CITM, Haas School of Business
Phillip Gordon, Executive Director, Fisher CITM, Haas School of Business
9:00 - 9:45am
e-Business Transformation - a Conceptual Framework
Arie Segev, Director, Fisher CITM, Haas School of Business
9:45 - 11:15? Keynote Speaker
e-Businessing the Business at Ford
George Surdu, Director of the Information Technology Services Group, Ford
Motor Company
11:15 - 11:30?? Short Break
11:30 - 12:30pm
Next Generation e- Business Applications
Peter Brown, Senior Program Manager, CommerceNet
12:30 - 1:30pm Lunch
1:30 - 2:30pm
Business Mega-Trends Enablement through Information Technology and E-commerce
in Logistics
Dr. Bernard J. Hale, principal of Hale Logistics Consulting, former president
of the Council of Logistics Management, and former senior logistics officer
at s DSC Logistics, McGaw, Inc. and Bergen Brunswig
2:30-3:30pm
"What's the Big Deal About the Little-e? -- A Look at Legacy, Vendors and
Influence"
Gay Slesinger, Principal, iMarket Strategies
3:30? 4:00pm Break
4:00? 5:00pm Panel:? Breaking Away from Legacies:? Common Themes Across
Industries
Larry Clopp, Director, Supply Chain Research Practice, Gartner Group
5:15? 7:00pm? Reception? (including Haas Students)


---------------------- Forwarded by Steven J Kean/NA/Enron on 07/11/2001
08:46 AM ---------------------------
From: Richard B Sanders/Enron@enronXgate on 07/11/2001 08:25 AM

To: Karen Denne/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Mark Palmer/ENRON@enronXgate, Jeff
Dasovich/NA/Enron@Enron

cc:

Subject: FW: Enron Complaint

 -----Original Message-----
From:  "Cindy Frederick" <cfred@pkns.com>@ENRON
[mailto:IMCEANOTES-+22Cindy+20Frederick+22+20+3Ccfred+40pkns+2Ecom+3E+40ENRON@
ENRON.com]
Sent: Tuesday, July 10, 2001 9:59 PM
To: gfergus@brobeck.com; Sanders, Richard B.
Subject: Enron Complaint

Final version of Enron Complaint.  Document is in Word Perfect 8.

The information contained in this e-mail message and any accompanying
documents is subject to the attorney-client privilege and/or the attorney
work product rule and is confidential business information intended only for
the use of the individual or entity named above.  If the reader of this
message is not the intended recipient or representative of the recipient, you
are hereby notified that any dissemination of this communication is strictly
prohibited.  If you have received this communication in error, please notify
Kathryn A. Pugh at kpugh@pkns.com and immediately delete this message from
your system.

 - 288950_1.WPD


please get on calendar
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/13/2000
11:57 AM ---------------------------

Kristin Gandy@ENRON
11/13/2000 10:52 AM
To: Jeffrey A Shankman/HOU/ECT@ECT, Michele Nezi Marvin/Enron
Communications@Enron Communications, Ranabir Dutt/Corp/Enron@Enron, Jeff
Golden/HOU/EES@EES, Charles Ward/Corp/Enron@ENRON, Natalie Halich/Enron
Communications@Enron Communications
cc:
Subject: Wharton Super Saturday

Good morning team,

First,  I want to thank you for helping with on campus interviews last week
at Wharton.

To conclude the process I have scheduled a meeting for Tuesday November 14th
at 9am in room 11C2 to discuss candidate invites for Super Saturday.  It is
imperative that we meet to discuss who you will be passing on to the final
round of interviews.  With the holidays coming up the sooner we get letters
out for invites the better our results might be for attendance.  If you can
not make this meeting please call me as soon as possible at extension 53214.
Otherwise I will see you tomorrow.

Natalie if you can please respond with a call in number we will patch you
into the meeting.

Thank you,

Kristin Gandy


BuffaloTheory of Beer
The answer to one of life's great mysteries! I haven't heard anyone
explain this as well as the all wise Cliff Clavin, on the sitcom Cheers. One
afternoon at Cheers, Cliff Clavin was explaining the Buffalo Theory
to his buddy Norm...
"Well ya see Norm, it's like this... A herd of buffalo can only move
as fast as the slowest buffalo. And when the herd is hunted, it is the
slowest and weakest ones at the back that are killed first. This natural
selection is good for the herd as a whole, because the general speed and health
of the whole group keeps improving by the regular killing of the weakest
members."
He continues: "In much the same way, the human brain can only operate
as fast as the slowest brain cells. Excessive intake of alcohol, as we
all know, kills brain cells, but naturally it attacks the slowest and
weakest brain cells first. In this way, regular consumption of beer
eliminates the weaker brain cells, making the brain a faster and more efficient
machine.  That's why you always feel smarter after a few beers."


see www.pedseye.com/EsotropiaA.htm.
Ash


Thanks.  This is a project we should have done 5 years ago.
John

Sarah Wesner@ENRON
08/22/2000 11:10 AM
To: John Arnold/HOU/ECT@ECT
cc: Dutch Quigley/HOU/ECT@ECT
Subject: Re:

Futures' information - will work with Dutch, may take several days

Margin Financing Agreement terms:

Warren Tashnek left me a message today saying that the Soc Gen documents were
coming.

John Arnold@ECT
08/22/2000 07:04 AM
To: Sarah Wesner/Corp/Enron@Enron
cc: Dutch Quigley/HOU/ECT@ECT

Subject:

Sarah:
Can you create a spreadsheet summarizing Enron's open futures interest broken
down by commodity and broker, including maintenance and initial margin for
all commodities (including rates, currencies, gas, crude, etc).
Also, can you create a list of all margin financing agreements in place and
the rates we pay.
Thanks,
John