---------------------- Forwarded by Kate Symes/PDX/ECT on 03/23/2001 10:37 AM
---------------------------

Mary Jane Symes <marys@tvapdx.com> on 03/23/2001 10:35:06 AM
Please respond to "marys@tvapdx.com" <marys@tvapdx.com>
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:

Subject: FW: The number one song the day you were born is your theme song for
life and. . .

-----Original Message-----
From: STEVE KAROLYI
Sent: Friday, March 23, 2001 10:29 AM
To: MARY JANE SYMES
Subject: FW: The number one song the day you were born is your theme song
for life and. . .

-----Original Message-----
From: slahaie@drmartensusa.com
Sent: Friday, March 23, 2001 8:32 AM
To: slaken@columbiaforestproducts.com; janet.rivera@theplatform.com;
dakotanorth2000@hotmail.com; stevek@tvapdx.com; lgibbs@stastnybrun.com;
sandyshalaby@hotmail.com; plahaie@freeway.net; lahaiebe@hotmail.com;
lukeduke03@hotmail.com; bevans@email.lhs.org; hkennedy@cmdpdx.com;
kristine.danzer@kimptongroup.com; mbillet@webtrends.com; neecie66@aol.com
Subject: The number one song the day you were born is your theme song for
life and. . .

 .

The link below will tell you  what that song was!

Have fun!

 http://www.thisdayinmusic.com/cont/choose.html>


sitara #'s for tw/sid richardson deal

1200496
1200497

thanks,
chance
 -----Original Message-----
From: 	Denetsosie, Troy
Sent:	Wednesday, February 27, 2002 4:03 PM
To:	Rabon, Chance
Subject:	TW Sitara #

Chance,

Joe Parks tells me you created a TAGG/Sitara number for TW (ECS) deals.  Can you pass along this information?  Thanks.


Please mark your calendars for this reoccurring luncheon that Sally will be
hosting:

Date: Every Monday (at least thru March), beginning Jan 29
Time: 11:30 - 1:00 PM
Location: EB 30C2
Subject: Operational Risk for Enron Americas

Lunch will be served.


Tom,

Go ahead and increase the nom.

D

Tom Acton@ENRON
02/17/2000 08:18 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 9682

Daren do you want to bump that volume up per the information in this note
below.  George wanted to know and asked me.  It was previously nomed at 200.
Let me know what you think and I'll make the change if needed.
---------------------- Forwarded by Tom Acton/Corp/Enron on 02/17/2000 08:14
AM ---------------------------

George Grant@ECT
02/16/2000 03:46 PM
To: Tom Acton/Corp/Enron@ENRON
cc:

Subject: Meter 9682

---------------------- Forwarded by George Grant/HOU/ECT on 02/16/2000 03:46
PM ---------------------------

Lauri A Allen
02/16/2000 03:25 PM
To: George Grant/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
Subject: Meter 9682

George-

In this afternoon's meeting with Producer Services, Jill mentioned that the
referenced well had been reperfed (meaning they shot more holes in the well
piping allowing more gas to flow out of the well) and was now producing
approximately 800/day.  Per Jill, the MDQ on this well is 3000/day.  You may
want to look at getting this nom revised for the rest of the month.

Mary-  could you get Heidi or Lisa to check the transport rate we currently
show on this?  It's being purchased for SC-.17 and is flowing through King
Ranch.

Thanks.


Hello, this trade is in as a sell and it is a transmission deal with BPA.
Could you check to see if this should be a purchase?

Thanks,
Melissa


When: Monday, August 27, 2001 4:00 PM-5:30 PM (GMT-06:00) Central Time (US & Canada).
Where: 49C3

*~*~*~*~*~*~*~*~*~*

The focus of this meeting is to identify key issues we face in being able to physically delivery power to retail load in the areas listed below--what does EPMI need to do to facilitate this?  Have we completed the necessary steps with the Utilities?  Licenses?  What needs to be done to get a transmission agreement in place for designation of a TSA?

These existing load figures are based on all customers, actual economics based on utility standard offers will dictate what percentage is economically viable to take physical.  The initial need for CG&E will be getting the transmission agreements in place to be able to designate a TSA (transmission scheduling agent).

Utility	State	Wholesale Market	Physical Start Date	New Load	Existing Load
CG&E	OH	ECAR - MISO	Dec 2001	Up to 25 MW Peak	5 MW
Illinois Power	IL	MAIN - ARTO	Jan 2002	None	75 MW Peak
ComEd	IL	MAIN - ARTO	Mar 2002	Up to 25 MW Peak	200 MW Peak (earliest Jun 2002)
Columbus Southern (AEP)	OH	MAIN - ARTO	Apr 2002	Up to 25 MW Peak	Minimal


Well fuck you and the rest of your friends then.  There were several hot,
near naked chicks at the party.  You would never believe the scene in the
hot tub at 3 AM either.  But since you didn't feel it was high enough on
your list of things to do, blow me.  Bob

-----Original Message-----
From: Lucci, Paul T. [mailto:Paul.T.Lucci@ENRON.com]
Sent: Monday, October 29, 2001 2:32 PM
To: Williams, Bob
Subject: RE: Pool almost over

Steven changed jobs.  Email Whitt for his new numbers.  Any hot chicks
at your party.  I was out voted Saturday night in favor of Opie Gone Bad
at the Little Bear.

-----Original Message-----
From: Williams, Bob [mailto:Bob.Williams@ElPaso.com]
Sent: Monday, October 29, 2001 2:00 PM
To: Lucci, Paul T.
Subject: RE: Pool almost over

Yea nice try.  The Giants did you in.  Hey do you have Steve Jernigan's
# I
can't e-mail him for some reason.  Thanks

-----Original Message-----
From: Lucci, Paul T. [mailto:Paul.T.Lucci@ENRON.com]
Sent: Monday, October 29, 2001 11:21 AM
To: Williams, Bob
Subject: RE: Pool almost over

I would like to shut it down.  So send me my pro rata share.  How was
your party?  And hot chicks?

-----Original Message-----
From: Williams, Bob [mailto:Bob.Williams@ElPaso.com]
Sent: Monday, October 29, 2001 10:49 AM
To: Bevans, Larry; Dougherty, Nathan; Jernigan, Steven ; Joey Brewer;
LoreLei Reid; Paul Lucci; Pike, Steven; Turner, Robert; Williams, Bob
Subject: Pool almost over

We lost 4 of the 9 remaining players this week.  If the 5 players want
to
shut it down and split the $$ we would each get $102.40.  Call me and
let me
knwo what you think.  720 956-3005 <<losers pool.xls>>

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************

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

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


Daren,

Below is Volume Management's answers to Gary's questions.

I'm now awaiting on an e-mail from Gary as to the direction that he is going
to take.  I will follow suit according to his instructions.

Should you come aboard, I'll await your decision as well.

Again, thanks.

-Jackie-
3-9497
---------------------- Forwarded by Jackie Young/HOU/ECT on 08/23/2000 02:19
PM ---------------------------

	From:  Sherlyn Schumack                           08/22/2000 02:07 PM

To: Jackie Young/HOU/ECT@ECT, Karen Lindley/Corp/Enron@ENRON
cc: Gary W Lamphier/HOU/ECT@ECT
Subject: Meter 984132 for 1/16/99

Here is the issue for 1/16/99 at meter 984132.

20,000 mmbtu were confirmed for Adonis in POPS.   10,000 mmbtu on day 5 and
day 16.   Day 16 is not valid for deal 51862 (track id 6155), which is where
10,000 was confirmed.   The  actual sale to Adonis was 10,000 which was
invoiced and paid by Adonis.  We are trying to clear the feedback error
report.   My question is why was 10,000 confirmed on 1/16/99 if the date is
not valid for the deal?

When Karen allocates the actual 10,000 it is prorating 5,000 for each day
that is confirmed (the 5th and 16th).

Should the whole 10,000 be allocated to the 5th or should 5,000 be allocated
to each day?   If 5,000 should be allocated to each day, the 16th needs to be
added to the deal.


As long as the coal lawyers have approved the contract forms it looks good to
me.

	Nick Mooney
	07/05/2000 11:54 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: URGENT REQUEST

Mark,
we have added some language to the basic customer letter for a mailshot to
Coal clients.
Very Short notice this need to go out immediatley UK time.
Could you please give it a quick review to complete the loop. Dave Forster,
Louise and all the UK guys have OK'd it.
Cheers
Nick


The policy is to delete all e-mails after 30 days, unless they are stored in
a folder. E-mails stored in a folder are erased after one year. The policy
has many benefits. First it clears up computer storage space.
The policy can  also results in signifigant cost savings in litigation where
a Judge has required the wholesale production of  e-mails. Imagine if we were
required to sift through and digest 12-24 months of e-mail traffic. This has
happened to a number of companies in litigation  the US( who have
subsequently changed their retention policies). Frankly, the Microsoft
antitrust case opened a lot of eyes to the dangers of not having a policy. In
that case, the discovery by the Dept of Justice produced some very damaging
e-mails that were later used to effectively cross-examine Bill Gates and
others. It is unbelievable  what some people will put in an e-mail that they
would never dream of putting in a "written"  document.
As for your comment about the subsequent retrieval of deleted e-mails, I (and
Bob) have been told many times that a deleted e-mail cannot be retrieved.
Please check with your source. I am happy to discuss any questions you have
about the policy.


I will start to get you some good ones.


Please e:mail from Sarah Novosel below.

gngr
---------------------- Forwarded by Ginger Dernehl/HOU/EES on 07/31/2000
04:47 PM ---------------------------

Sarah Novosel@ENRON
07/31/2000 04:46 PM
To: Ginger Dernehl/HOU/EES@EES
cc:
Subject: Re: Congestion Management Chart

Ginger:

Would you please forward the attached Congestion Management Comparison chart
to everyone in Government Affairs.   This chart was recently prepared for us
by Tabors Caramanis.

Although the people dealing with wholesale issues will have the most interest
in the chart, I believe there are others who are also interested in the
congestion management debate.

Thanks

Sarah


Deal is rebooked

Susan

+

To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Deal # nw3215

Please rebook to Grupo Calidra SA de CV.

Thanks
Lesli


Teb and Blair, I and Bill Rapp (and, maybe, Staci) will sit in on this.  You and/or Blair are welcome to sit in too.  I know that it is a long time to tie up a lot of people, so I am happy to report to you the results.  Frazier

 -----Original Message-----
From: 	Butler, Janet
Sent:	Monday, January 28, 2002 9:49 AM
To:	King Jr., Frazier; Rapp, Bill; Holtzman, Staci
Subject:	INGAA Conference Call

INGAA has arranged a conference call to discuss material deviations this Wednesday, Jan. 30, at 12:00 - 2:00 p.m. (Central time). Rick Smead will be chairing the call.  The call-in number is:  712-271-0007; password is INGAA.


I've spoken with Rhonda about this, and I'll be letting the traders know to
be prepared for the change. This deal has been changed to Allegheny.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/20/2001 11:44 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 553645

Kate I spoke with Phil about this deal this morning and I just called but he
away at lunch.

Per our Rhonda, can you tell him that deal 553645 should be changed Allegheny
Energy Supply and that we should no longer do any deals under Merrill Lynch.
Also, can you let the schedulers know about the name change of this deal.

Thanks!


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 11/03/2000
01:30 PM ---------------------------

Robin Rodrigue
11/03/2000 11:23 AM
To: Michael.abraham@us.arthurandersen.com
cc:
Subject: Recon


I have created deal 244531 to cover this flow.

Julie - This is actually volume related to the term deal 93804.  Volume
flowed in March due to timing on changing the meter.  Can you attach the term
contract to this deal?  (I copied the term deal to create the March ticket.)

D

   Aimee Lannou                04/14/2000 09:01 AM

To: Daren J Farmer/HOU/ECT@ECT
cc: Karen Lindley/Corp/Enron@ENRON
Subject: Meter 1517

Daren - I know you have been busy, but I left you a voice mail yesterday
about meter 1517.  There was flow of 14 mmbtus on Mar. 1.  We have no deal at
the meter until Mar. 14.  Could you either set up a new deal to cover this
flow or extend the deal from Feb.? February's deal number was 93804.  Please
let me know today.  Allocations close today.

Thanks.

- Aimee


Cal 02	 $   3.025
Cal 03	 $   3.200
Cal 04	 $   3.255
Cal 05	 $   3.330
Cal 06	 $   3.400
Cal 07	 $   3.480
Cal 08	 $   3.560
Cal 09	 $   3.640
Cal 10	 $   3.720


Looks like it is ok to keep the same.

How's the GE master form agreement coming along?  When do you think we will
have a draft?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 01:39
PM ---------------------------

	From:  Eric Booth @ ENRON_DEVELOPMENT                           02/12/2001
10:56 AM

To: Kay Mann/Corp/Enron@ENRON
cc: Eric Boyt@ENRON, Jeffrey M Keenan@ECT

Subject: RE: City of Austin Breakout Agreement

Kay-

Lee is correct, I'm the one that marked up the performance section.  Since we
were writing a breakout agreement for Austin, I thought I would make it apply
to site specific performance as well.  Thought it might be helpful.  However,
I was not aware of the agreement that Bruce and Lee had.  If Lee really wants
to keep the original guarantee, I can live it.

Eric

Kay Mann@ENRON
02/12/2001 10:50 AM
To: Eric Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Eric Boyt/Corp/Enron@Enron

Subject: RE: City of Austin Breakout Agreement

Hi there,

Any comment?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/12/2001 10:49
AM ---------------------------

lee.johnson@ss.ps.ge.com on 02/12/2001 10:44:39 AM
To: kay.mann@enron.com, peterthompson@akllp.com
cc: paulpipitone@akllp.com, chriscobb@akllp.com, kent.shoemaker@ae.ge.com,
lee.johnson@ss.ps.ge.com

Subject: RE: City of Austin Breakout Agreement

Kay,

The guaranteed performance values in section 10 have been edited, & I'm not
sure why.

I'm not sure who to go to on the Technical side of your team.  Maybe Eric
Booth can explain, but months ago Bruce Golden and I discussed whether the
guarantee values should be revised for site conditions. The decision was
made that a site  specific guarantee was not needed, that it would be
acceptable to correct for the difference in elevation (sea level to 435 ft)
and exhaust losses (6" to 12" backpressure).

I'd prefer to stay the course.  However, if there is now a compelling reason
to change, I'd like to request the guarantee based on the revised basis
conditions given in Appendix A and verify these performance values.    (We
don't have a record of supplying these numbers.) Our guarantee process
usually takes several days to a week, depending on the backlog of requests
in house.

Please let me know asap.

Thanks,

Lee

-----Original Message-----
From: Thompson, Peter J. [mailto:peterthompson@akllp.com]
Sent: Monday, February 12, 2001 9:04 AM
To: Kent. Shoemaker (E-mail); Lee. Johnson (E-mail)
Cc: Kay Mann (E-mail); Pipitone, Paul; Cobb, Chris
Subject: City of Austin Breakout Agreement

   Pursuant to Kay Mann's instructions, attached please find a
clean copy of the most recent version of the City of Austin Agreement
(the second document below), as well as a blackline showing changes from
the last version circulated on December 14.  The Agreement deletes
references to specific performance guarantees for combined cycle plants.
The Agreement now has the exhibits rolled in. To complete the agreement,
we need to include the date of execution, the addresses and contacts for
Sections 25.1 and 25.3, and Exhibit H-2.
 <<CRO- City of Austin/GE Facility Agreement Versions 3 to 4.DOC>>
<<Gas Turbine Agreement Draft of 12/13/00.DOC>>


Please review the attached Links Report.

Jerry Graves
713-345-8923


Are we inviting London?
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
07/29/99 05:40 PM ---------------------------

Jenny Helton
07/29/99 09:44 AM
To: Alan B Aronowitz/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT,
Leslie Hansen/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Monica Jordan/HOU/ECT@ECT,
Janice Moore/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, David
Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT,
Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT, Andrea Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter Keohane/CAL/ECT@ECT, Martin
Rosell/OSL/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Anita Fam/SIN/ECT@ECT
cc: Mark E Haedicke/HOU/ECT@ECT
Subject: Trading Lawyer Meeting

Attached is a  memo from Jeff Hodge regarding the above.

The memo below is the attachment referenced in the above memo.


Notice No. 01-152
May 4, 2001

TO:
ALL NYMEX/COMEX DIVISION MEMBERS
ALL MEMBER FIRMS
ALL CLEARING MEMBERS

FROM:
NEAL WOLKOFF

RE:
POSITION ADJUSTMENT DEADLINES FOR THE JUNE 2001 METAL AND ENERGY CONTRACTS
[NYMEX RULE 9.04(P) AND COMEX RULE 4.37(A)]

______________________________________________________________________________

 As a reminder, position adjustments for both NYMEX and COMEX Division metals
contracts are prohibited beginning on the tenth business day prior to the
first business day of the delivery month, and throughout the delivery month.
Therefore, all position adjustments of concurrent futures positions for the
June 2001 metals contracts must be completed prior to May 17, 2001.

 Additionally, position adjustments of concurrent futures positions for NYMEX
energy contracts are not permitted during the last three trading days of the
respective contracts.  Rules 9.04(P) and 4.37(A) are attached.

 If you have any questions concerning this matter, please contact Nick Galati
at (212) 299-2920, Nick Falcone at (212) 299-2919, or Bonnie Yurga at (212)
299-2879.

NYMEX RULE 9.04 - CLEARING PROCEDURE

(P) Concurrent Futures Positions

(1) Concurrent long and short positions in the current delivery month may not
be offset by netting, transfer, expit, adjustment or any other bookkeeping
procedures, but each side must be offset by normal floor transactions in
accordance with Exchange Rules. Provided, however, that a clearing member
will be exempt from this requirement if: (I) one side of the concurrent
position is established the business day prior to the date that the offset
memoranda are filed with the Clearing House; (II) a clearing member filing
such offset memoranda can satisfy the Exchange at its request that the delay
in effecting the offset is attributed to an error in the filing of its
clearing sheets; and (III) by 10:30 a.m. on the same date that a clearing
member files such offset memoranda, the clearing member also files with the
clearing house an updated and accurate Long Open Interest Report.

(2) For the purposes of this Rule 9.04(P), the current delivery month for
energy futures contracts commences on the open of trading on the third
business day, prior to termination of the respective futures contract,
including the termination date. The current delivery month in platinum and
palladium commences on the tenth (10th) business day prior to the first
business day of the delivery month.

COMEX RULE 4.37A - CONCURRENT FUTURES POSITIONS

(1) Concurrent long and short positions in the current delivery month may not
be offset by netting, transfer, expit, adjustment or any other bookkeeping
procedures, but each side must be offset by normal floor transactions in
accordance with Exchange Rules. Provided, however, that a clearing member
will be exempt from this requirement if one side of the concurrent position
is established the business day prior to the date that the open positions are
filed with the Clearing House.

(2) For the purposes of this Rule 4.37A, the current delivery month for
metals futures contracts commences on the open of trading on the tenth (10th)
business day, prior to the first business day of the delivery month.
The current delivery month for Eurotop futures commences on the open of
trading on the tenth (10th) business day prior to the termination of the
respective futures contract, including the termination date.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-152)"

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


we're ok for now...thanks for checking

fletch


---------------------- Forwarded by David W Delainey/HOU/ECT on 11/28/2000
12:18 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
11/28/2000 11:15 AM
To: David W Delainey@ECT
cc:
Subject: Request a Meeting

Dave,

Some time back you should have received a voicemail from Paula Rieker
regarding my seeking a meeting with you.  I was located in India at the time,
and project Summer was on at the time.  Hence, after a couple of initial
attempts, I decided to wait a while before I sought a meeting with you.

However, now with Project Summer behind us, I would like to meet with you to
discuss potential opportunities in the North America Region.  I was part of
the Associate pool at ECT, and have worked with Jim Fallon and Paula Rieker,
among others.  I had then taken an assignment to work in India, and have been
there for some years now.

I am in Houston for the rest of the week and will be seeking to get on your
calender for a brief chat on opportunities in your group.

Regards,
Sandeep.


SB 43 has NOT been signed yet.


Theresa,

Thanks. I appreciate it.
Happy Thanksgiving and please give my regards and best
wishes to Howard.

Vince

"Convery, Theresa" <tconvery@wharton.upenn.edu> on 11/22/2000 09:39:53 AM
To: "Vince Kaminski (E-mail)" <vkamins@enron.com>
cc: "Kunreuther, Howard" <kunreuth@wharton.upenn.edu>
Subject: December 6th Meeting

Dear Mr. Kaminski:

This is to confirm the December 6th Meeting here at our Center.

The location for the meeting is Room # 3212 Steinberg Hall-Dietrich Hall and
the time will run from 9:00 AM - 11:00 AM.

Please let us know if you need anything further.

We look forward to seeing you then.

Regards,

Theresa Convery

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Theresa Convery
Administrative Assistant
Risk and Decision Processes Center
The Wharton School of the University of Pennsylvania
(215) 898-5688/Fax: (215) 573-2130
tconvery@wharton.upenn.edu


Bob,

As mentioned in my voice mail -- I can meet with you anytime this afternoon -- how about 3:30pm.

Susan

 -----Original Message-----
From: 	Bruce, Robert
Sent:	Thursday, January 24, 2002 1:50 PM
To:	Shackleton, Sara
Cc:	Bailey, Susan
Subject:	RE: Forest Products Trading Counterparties

yes, I will take this -- Susan, please call me and let me know when you might have a few minutes later this afternoon to bring me up to speed -- thanks, Bob

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Thursday, January 24, 2002 9:59 AM
To:	Bruce, Robert
Cc:	Bailey, Susan
Subject:	FW: Forest Products Trading Counterparties

Bob:

Can you please handle for EIM?  Susan has a lot of information.  Also, it is my understanding that any information going out the door must be logged in by Raz.  Thanks.  Sara

 -----Original Message-----
From: 	Newbrough, Jennifer
Sent:	Thursday, January 24, 2002 9:53 AM
To:	Bailey, Susan; Shackleton, Sara
Subject:	RE: Forest Products Trading Counterparties

I have attached a file which shows the information we would like to send to International Paper regarding counterparties.  It includes a description of the company (but not the name), the % of total tons traded and the credit rating of the counterparty.  Can you let me know if you think this information can be given to a third party under the confidentiality provisions mentioned below?  Please let me know.

Thanks,
Jennifer

 << File: counterparties1.xls >>

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Friday, January 18, 2002 4:53 PM
To:	Newbrough, Jennifer
Cc:	Shackleton, Sara
Subject:	RE: Forest Products Trading Counterparties

Jennifer,

I have completed my review of the selected Forest Products counterparties listed in your email request of January 15th.   My review focused on the "Confidentiality" provision contained in either the Master Agreement or the Confirmation(s), being the documentation which established the trading relationship with either Enron North America Corp. ("ENA") or Enron Canada Corp. ("ECC").   I was asked to determine if the "Confidentiality" provision in our trading documents would prohibit ENA and/or ECC from disclosing to third parties: (a) "the existence of a Master Agreement" or (b) "the existence of a transaction under a Confirmation".

Conclusion:  Whether the trading relationship was established under a Master Agreement or under the Confirmation(s) -- the "Confidentiality" language employed by ENA and ECC prohibits the public disclosure relating to the Master Agreement or to the Confirmation(s).   Therefore, if ENA and/or ECC desire to public disclose "the existence of a Master Agreement" or "the existence of a transaction under a Confirmation" -- ENA and/ECC must first secure the prior consent of any counterparty before public disclosure to third party can be made.

For your convenience, attached are my findings as set forth in the following:

1.	Master Agreement List for the Forest Products Trading Counterparties, along with the forms of "Confidentiality" provisions:

 << File: master agreement list (forest products counterparty).doc >>                 << File: confidentiality - master (standard provision).doc >>                    << File: confidentiality-master (non-standard provision).doc >>
2.	Forest Products Trading Counterparties without a Master Agreement, along with the "Confidentiality" provision:

 << File: non master agreement  list (forest products counterparty).doc >>                  << File: confidentiality - confirms (standard provision).doc >>

If I can be of further assistance, please let me know.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com

 -----Original Message-----
From: 	Newbrough, Jennifer
Sent:	Tuesday, January 15, 2002 11:35 AM
To:	Bailey, Susan
Cc:	Shackleton, Sara
Subject:	Forest Products Trading Counterparties

Susan,

Sorry about the previous attempt.  This is the list of counterparties.  We need to know if we can disclose to third parties that we have traded with them and the volumes associated with the trades.  Thanks for your help.  Call me if you need clarification.

Thanks for your help,
Jennifer Adams

Waste Management Inc.
Georgia Pacific Corp
Casella Waste Systems Inc.
US Gypsum
Inland Paper and Packaging
Rand Whitney Counterboard
National Gypsum Company
Norampac
Atlantic Packaging Products, ltd.
General Mills
Papier Mason
Media News
Times Mirror
Macro Media
Knight Ridder
Media General
New York Times
Tembec Industries
Pacifica Paper
Rock Ten
Conagra Energy Svcs
Frito Lay
Lin Packaging
Dial
National Banc of Canada
Master Packaging
Sodra
James Hardie NV
Appleton Paper
Merita Bank
Repap New Brunswick
Boise Cascade
Caima
Irving Pulp and Paper
UPM Kymmene
Proctor & Gamble

Jennifer Adams
Manager, Corporate Development
Enron Corp.
1400 Smith Street
Houston, TX  77002
Tele:  713/853-3919
Fax:  713/646-4043


---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/15/2000
09:03 AM ---------------------------

"Jason Dobbs" <jmjaked@mindspring.com> on 11/14/2000 09:04:58 PM
To: "Scott Gooch" <ssgooch@earthlink.net>, "phil love"
<phillip.m.love@enron.com>, "Boo Boo" <Shane.Dobbs@fctg.com>, "Bill Sanders"
<BillSanders22@aol.com>
cc:
Subject: Fw: Scene on I-20/I-59 outside of Tuscaloosa Saturday about 5:30p.m.
and the final decision ......

----- Original Message -----
From: F. E. Bori <frank4au@alltel.net>
To: work <Frank.Bori@alltel.com>; Scott <saperkin@nscorp.com>; Kevin
<Kevin.Housman@libertymutual.com>; jmjaked <jmjaked@mindspring.com>; Gooch
<ssgooch@earthlink.net>; Adam <dixonadam@hotmail.com>
Sent: Wednesday, November 08, 2000 3:22 PM
Subject: FW: Scene on I-20/I-59 outside of Tuscaloosa Saturday about
5:30p.m. and the final decision ......

>
>
>

 - bama.jpg
 - dubose.jpg


EBF LLC

This limited liability company was formed in Delaware on May 22, 2001.  Particulars are:

	Parent Company:	Enron North America Corp. - 100%

	Business:	To acquire, own, operate, maintain and sell a cold rolled mill steel processing plant and all related land improvement and tangible and intangible properties.

	Employees:	No

	Foreign Qualifications:	Arkansas

	Company No.:	1621-EBFL

Information not yet confirmed by LLC Agreement.

Please circulate this information to all interested parties in your group.

For more information, see attached Corporate Data Sheet.

Sundance Industrial Partners, L.P.

This limited partnership was formed in Delaware on May 7, 2001.  Particulars are:

	Parent Company:	GP - Enron Industrial Markets GP Corp.
			LP - Enron North America Corp.

	Business:	To acquire and hold certain pulp and paper, steel and/or other assets..

	Employees:	No

	Foreign Qualifications:	None

	Company No.:	1611-SIPL

Information not yet confirmed by LP Agreement.

Please circulate this information to all interested parties in your group.

For more information, see attached Corporate Data Sheet.

PLEASE NOTE:
	Gina Karathanos - copy of evidence being sent by interoffice mail
	Monica Butler - please apply for FEIN
	Sylvia Hu - Minute Book and two seals have been ordered

Lillian R. Bailey
Administrator
Corporate Services
EB4804A
Phone 713/853-3577
Fax 713/646-8007
lillian.bailey@enron.com


Mike,

How are things going? I trust that you are adjusting relatively easily.

Things have been relatively quiet lately. Doing a little snowboarding and
watching lots of movies. Trying to drag my lazy ass to the gym at least 4
days a week. So far I'm at one in a row. Things are looking good for a repeat
today.

Laird popped by today and brought us some lattes and saw the office. For all
your hard work we are actually getting some term business done with Optimum
now.
I think Lambie helped them out there.

Take care,

Chris


I will be the first point of contact this weekend for any issue's that may
arise.  You can reach me on my cell 503-969-7634.  If for some reason you are
unable to contact me call Dan at 713-516-2955 or page him 877-342-4551.

Have a wonderful New Year!

Thanks,
Diana


We have received the executed EEI agreement from the referenced CP dated
12/30/00.  Copies will be distributed to Legal and Credit.


This particular meter looks okay today, so should not be impacting UA4.  Will
keep you posted if I find any other problems.

Bryan Hull
03/21/2000 05:18 PM
To: Lauri A Allen/HOU/ECT@ECT
cc:
Subject: Re: PG&E Texoma Volumes

I looked at our p&l tonite and our UA4 volumes actually increased by about
90,000 MMBtu's for a grand total of 550,000 MMBtu's for the month. I don't
know if they fixed this problem or not. If you have any information please
let me know.
Thanks.
Bryan

Lauri A Allen
03/21/2000 09:51 AM
To: Bryan Hull/HOU/ECT@ECT
cc:
Subject: Re: PG&E Texoma Volumes

Scheduling says that they have corrected, but no telling what may happen
overnight.  If you run your P&L this evening, you should be okay.


Want a NEW high speed computer?

866 MHz Pentium III Processor FAST enough?

Want High Speed internet?
Broadband,
Cable Modem,
DSL,
Satellite.

Then Get READY...
All Eligible U.S. Employees get innovative at HOME beginning March, 2001.

Go to http://clickathome.enron.com to LEARN more about the offerings.

Non-U.S. Eligible Employees get innovative at home beginning late 2001 and
2002.


Because I'm not quite sure who to direct this request to, I'm e-mailing
everyone I think might be involved in entering new counterparty names. One of
our mid-marketers has executed a deal with Sierra Pacific Holding Company,
which is a new counterparty name and needs to be added as a choice in
Enpower. Please let me know if I've contacted the correct people, and if I've
contacted the incorrect people. (Sorry!)

Thanks,
Kate Symes
Trading Support
503-464-7486


Apologies.  I can't keep track of all the distribution lists.  Please let me
know if you think that this will be helpful in your neck of the woods.  Rick
relayed Summers comments re: Tyson.

Best,
Jeff

P.S. I'm forwarding to David Lugar
----- Forwarded by Jeff Dasovich/NA/Enron on 01/26/2001 12:50 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/26/2001 12:45 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Sandra McCubbin/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT
		 cc:
		 Subject: UC Economists (and others) Step Out a Bit in California

One of the things that came out of the meeting I was at on Saturday with the
UC economists (including Tyson and Yellen) was a "manifesto" that they
published today (I'll have the final to distribute soon).  They're having a
press conference in about 10 minutes at Berkeley.  In anticipation, they're
quoted in a story in today's LA Times (that features Greenspan's comments)
and they focus their quotes on the need to raise rates.  Most of these folks
in the group, lamentably, earn their living by consulting for incumbents, but
there message here should be helpful, and there are a few "right-minded"
economists in the bunch.  (I managed to get Dr. Michaels in the group, who
was a great voice of reason in the debate over what to say in the manifesto.)
 It wasn't appropriate for me to play a visible role in the design of the
manifesto, though I attempted to offer some behind the scenes suggestions.

Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/26/2001 12:41 PM -----

	"James L. Sweeney" <jim.sweeney@stanford.edu>
	01/26/2001 11:52 AM

		 To: Pablo Spiller <spiller@haas.berkeley.edu>, John_Chandley@LECG.com, David
Teece <teece@haas.berkeley.edu>
		 cc: tyson@haas.berkeley.edu, tom_campbell@law.stanford.edu,
shmuel@euler.berkeley.edu, willrichm@aol.com, george_barker@LECG.com,
cdanner@wilkandassociates.com, gilbert@econ.berkeley.edu,
yellen@haas.berkeley.edu, scott_harvey@LECG.com,
jscadding@wilkandassociates.com, mwilk@wilkandassociates.com,
phillip_mcleod@LECG.com, berk@haas.berkeley.edu, john_chandley@LECG.com,
jdasovic@enron.com, lfried@uclink.berkeley.edu, william_hogan@harvard.edu,
rmichaels@fullerton.edu, borenste@haas.berkeley.edu,
richard.rumelt@anderson.ucla.edu, rschmidt@LECG.com,
pverleger@compuserve.com, pjoskow@mit.edu, joseph.mullinix@ucop.edu,
mcfadden@econ.berkeley.edu, steven@stoft.com, peter.gosselin@latimes.com
		 Subject: Re: FINAL VERSION

It seems this is already getting press.  Click on the following to see the
Los Angeles Times story.  Fortunately the LA Times did not focus on any of
the issues we are debating here.

http://www.latimes.com/business/reports/power/

Jim Sweeney

At 04:19 AM 1/26/2001, Pablo Spiller wrote:
>colleagues:
>
>we are less than 2 hrs short of the press conference.  i just got to the
>computer and saw all these e-mails. i will suggest we take our local nobel
>prize winner's suggestion and go, for the time being, as is.  we simply do
>not have the time to incorporate changes without violating the need for
>consensus.  We will release the manifesto at 11am PST, at the press
>conference that is going to take place here at haas.  Those of you from the
>east coast, feel free to release it at any time.  Those in the west coast,
>i would suggest that we do not release it until 11am, but feel free to talk
>to whoever you want about it.
>
>The version of the manifesto that is going to be released is the version
>that we sent yesterday afternoon incorporating the excellent comments by
>paul.  also is the version that includes the list of endorsees as of the
time.
>
>if you haven't received the copy, please let me know.
>
>thanks.
>
>pablo
>
>
>
>At 11:54 AM 1/26/01 -0500, John_Chandley@LECG.com wrote:
> >
> >1.  Is the document out?  Or are we still making changes?
> >
> >2.  Is the "embargo" over?
> >
> >3.  When can we get the final, final, final for further distribution?
> >
> >John
> >
> >
> >
> >
> >
> >
> >David Teece <teece@Haas.Berkeley.EDU> on 01/25/2001 05:54:00 PM
> >
> >To:   tyson@haas.berkeley.edu, tom_campbell@law.stanford.edu,
> >      shmuel@euler.berkeley.edu, willrichm@aol.com, george_barker@lecg.com,
> >      cdanner@wilkandassociates.com, gilbert@econ.berkeley.edu,
> >      yellen@haas.berkeley.edu, scott_harvey@lecg.com,
> >      jscadding@wilkandassociates.com, spiller@haas.berkeley.edu,
> >      mwilk@wilkandassociates.com, phillip_mcleod@lecg.com,
> >      berk@haas.berkeley.edu, john_chandley@lecg.com, jdasovic@enron.com,
> >      lfried@uclink.berkeley.edu, william_hogan@harvard.edu,
> >      rmichaels@fullerton.edu, borenste@haas.berkeley.edu,
> >      richard.rumelt@anderson.ucla.edu, rschmidt@lecg.com,
> >      pverleger@compuserve.com, pjoskow@mit.edu, jim.sweeney@stanford.edu,
> >      joseph.mullinix@ucop.edu, mcfadden@econ.berkeley.edu,
> >      steven@stoft.com, jim.sweeney@stanford.edu
> >cc:   peter.gosselin@latimes.com
> >
> >Subject:  FINAL VERSION
> >
> >
> >Dear Colleagues,
> >
> >Here is the FINAL version of the manifesto.  This version includes some
> >additions and deletions to bring on Paul Joskow and Janet Yellen, and
> >hopefully Severin Borenstein as well.  Also attached is a list of
> >endorsements Pablo and I have secured.  If you are not on the list and wish
> >to be added, please let us know.
> >
> >Critically, let us know if you wish to be removed.  We are picking up new
> >endorse by the hour and will release by 9:00 am (PST) tomorrow.
> >
> >
> >David Teece and Pablo Spiller
> >
> >
> >(See attached file: Manifesto DJT 1-25-01.doc)
> >(See attached file: endorsee list 12501.doc)
> >======================================
> >David J. Teece, Director
> >Institute of Management, Innovation and Organization
> >F402 Haas School of Business #1930
> >University of California, Berkeley
> >Berkeley, CA  94720-1930
> >Phone:  (510) 642-1075
> >Fax:  (510) 642-2826
> >http://haas.berkeley.edu/~imio
> >======================================
> >
> >
> >
> >

James L. Sweeney, Stanford University
Department of Management Science and Engineering
Terman Engineering Center, Room 323   Stanford, CA 94305-4026
Voice:  650-723-2847;  Fax: 650-723-1614;   Home Voice or Fax:  650-322-9835


Wei,

I am showing a position for the book id listed below when I query RMS Open
Positions, but I don't see the positions when I query Benchmark Agg_View.
Can you refresh the table to see if this position will pull into the
Benchmark Agg_View table?  I am including the book id, post id, and position
from yesterday.  Let me know if you need any more information.

BOOK ID   POST ID POSITION
INTRA-ONT-CAD-GDL  1062779 -477.7 contracts

Thanks,
Robin


Will call with further details (location)
Would like for Greg to attend at least at 11am if he can't attend entire
meeting and leave after they've gotten started.
Jessica Ramirez


Attached is the list of employees who should be allowed access to ECS on Sunday afternoon to test trading applications and for access to the Office of the Chair.

Thanks!
Tammy


The first two are in. Deal numbers are 476581 and 476582.

476285 is no good. It's been killed.

Thanks,
Kate

Kerri Thompson@ENRON
12/07/2000 01:55 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: check out

APB

missing 2 deals:

buy mieco
11-31
25 mw
465.00
palo

sell mieco
11-31
25 mw
475.00
SP-15

NATSOURCE

476285, broker says this deal is no good.

thanks


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
02/01/99 09:51 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  trials@optioninvestor.com (Option Investor Newsletter     Trials)
                      01/28/99 08:52 PM

Please respond to trials@optioninvestor.com
To: Option Investor Newsletter Trials <trials@optioninvestor.com>
cc:  (bcc: Mark - ECT Legal Taylor/HOU/ECT)
Subject: Thursday Option Investor Newsletter 1 of 2

The Option Investor Newsletter         Thursday  1-28-99
Copyright 1999, All rights reserved.
Redistribution in any form strictly prohibited.

Posted online for subscribers at http://WWW.OPTIONINVESTOR.COM

Also provided as a service to The Online Investor Advantage

Published three times weekly, Sunday, Tuesday, Thursday evenings.
************************************************************
MARKET WRAP  (view in courier font for table alignment)
************************************************************
        1-28-98         High     Low     Volume   Advances Decline
DOW     9281.33 + 81.10 9301.15  9203.57  850,761k  1,552   1,423
Nasdaq  2477.34 + 70.20 2477.47  2438.26 1018,400k  2,067   1,933
S&P-100  632.23 + 10.88  632.95   621.35   Totals   3,619   3,356
S&P-500 1265.37 + 22.20 1266.32  1243.17            51.9%   48.1%
$RUT     423.97 +  2.85  424.19   421.13
$TRAN   3078/33 - 10.77 3114.27  3059.52
VIX       28.61 -  2.75   30.51    28.40
Put/Call Ratio      .51
*************************************************************

What happened to Brazil? Did Intel or Yahoo buy it?

From the 180 degree change in market sentiment we had today you
would think that Brazil was taken over by an Internet stock.
The Intel split announcement and the Yahoo announcement of it's
takeover of GeoCities energized the market and revitalized the
tech sector. Brazil was hardly even mentioned in the days news
after they reported on the maturity date changes before the
market opened.

On top of the blooming optimism at the open Alan Greenspan
actually blessed the Internet sector during a testimony in
Washington. He said basically that he thought investors were
viewing Internet stocks as "lottery ticket" plays were the
odds were much better. He pointed out that analysis of future
earnings and growth was actually culling the good plays from
the bad ones. He said that historically investors often buy
on faith companies that they anticipate to do well before any
actual earnings exist and the Internet sector is no different.

When you consider that there are 68,000 new Internet surfers
coming online every day it just makes sense that the only
five year old Internet will continue to grow at an exponential
rate. With that user growth the leaders will quickly amass
larger audiences while the smaller less efficient providers
will either fall by the wayside or be taken over. Free enterprise
is a wonderful thing and tends to continually prune itself of
excesses and reward hard work and innovation. Enough preaching
but did you know that of the 31 analysts that follow AOL, 28
either recommend a buy or strong buy, even at these prices!!

The Nasdaq was the clear winner again today, setting a new
closing high. The leaders were the four horsemen, MSFT +5.38,
INTC +4.44, DELL +5.38, CSCO +5.44. Most of the Internets
were up double digits again and show no signs of stopping.
I would remind you that Internets have been weak on Fridays
of late as traders take profits from the week.

The Dow was led today by the same stocks that took it down
yesterday. JPM +4.31, C +1.69, T +4.63, MO +2.25, GE +1.94.

Contrary to news hype the Dow traded in exactly the same range
as it traded yesterday only without the end of day drop.
The 9250-9300 range only provided a positive day today due
to the -70 drop at the close yesterday. The market did not
"get well" over night. It just recovered from the spike
caused by two sell programs at the close. Check out a chart!

I really hate to keep coming back to this but the advance/decline
ratio only barely broke even today. The NYSE adv/decl 1552/1423
was only positive by 129 and the Nasdaq 2067/1933 was positive
by 134. This is definitely not a major move and not a major
reversal of the down trend. This could be the start of a new
uptrend but the proof is in Friday's numbers.

I got some hate mail for being somewhat cautious (bearish) in
last nights commentary. When the market had fallen from a +90
high to only +30 at 2:30 this afternoon I was really worried
that the caution was justified and it looked like we could
close negative for the day. I don't feel like a word of
caution after a bad day is particularly bearish but until
Brazil resolves it's problems I believe it bears watching.
When your life savings is invested in the market it is sheer
stupidity not to watch anything that can cause problems. You
would not ignore a rattlesnake in your closet just because
you can't see it today. Eventually it will come out and
probably when you least expect it.

Friday is a wildcard. Futures are up +2.00 and it looks
bullet proof but I know Murphy's law is alive and well.
About the only thing you can count on for tomorrow is more
volatility. It would not surprise me to see techs suffer
from profit taking. Whenever a stock is up double digits
for the week it is a prime candidate.

Good Luck

Jim Brown

*******************************************************
Market Posture
*******************************************************
As of Market Close - Thursday, January 28, 1999

                   Key Support
Broad Market         /Resistance    Last    Posture/Since  Alert
****************************************************************

DOW Industrials    9,100   9,730   9,281    Neutral   1.15
SPX S&P 500        1,210   1,280   1,265    Neutral   1.12
OEX S&P 100          600     635     632    Neutral   1.12
RUT Russell 2000     420     435     424    Neutral   1.12

NDX NASD 100       1,900   2,010   2,105    BULLISH   1.26
MSH High Tech        930     980   1,021    BULLISH   1.26

                   Key Support
Technology           /Resistance    Last    Posture/Since  Alert
****************************************************************
XCI Hardware         830     875     934    BULLISH   1.26
CWX Software         610     665     677    BULLISH   1.26
SOX Semiconductor    360     410     406    Neutral   1.8
NWX Networking       420     450     446    Neutral   1.8
INX Internet         470     570     564    Neutral   1.8

                   Key Support
Financial            /Resistance    Last    Posture/Since  Alert
****************************************************************
BIX Banking          650     710     645    BEARISH   1.22
XBD Brokerage        630     725     689    Neutral   1.14
IUX Insurance        590     620     574    BEARISH   1.21

                   Key Support
Other                /Resistance    Last    Posture/Since  Alert
****************************************************************
RLX Retail           800     860     866    BULLISH   1.28 *
DRG Drug             740     795     776    Neutral   1.26
HCX Healthcare       720     780     762    Neutral   1.26
XAL Airline          310     350     293    BEARISH   1.22
OIX Oil & Gas        245     260     229    BEARISH   1.14

Posture Alert

A positive showing from the equity market has firmed the
bullish bias driven by M&A activity, decent earnings results,
favorable economic data, and a stock split from AOL and
Intel.  After advancing and closing into record territory, we
have turned Bullish across the Retail.  We caution investors,
however, that the current rally has been driven by a few
blue-chip companies and that several key industry sectors are
still trading at or below their 50-day moving averages including
Banking, Insurance, Airlines and Oil & Gas.

A detailed description of our Market Posture and its
applications can be found at:

www.optioninvestor.com/marketposture

******************************************************
Market Sentiment - By Pinnacle Capital Advisors
******************************************************
Percent Bearish Below 30%

According to Investors Intelligence readings, the percentage of
those who are bearish is now only 28.2%.  Investors Intelligence
publishes the percentage of newsletter writers who are "Bullish"
or "bearish" on a weekly basis.  When pessimism evaporates, the
market may be nearly a correction. This is significant because
such a low number of bears suggests that much of the available
capital is ALREADY invested and very little remains to fuel
additional market advances.

Just by way of benchmark, the percent of "bears" back on July 17,
1998 clocked in at 23.3% - just days before the start of a major
sell-off.

Other sentiment indicators are still flashing BEARISH
overtones over the near-term so we advise subscribers to
tightly protect their long positions.
Any questions regarding market sentiment can be directed at:
pinnacle@optioninvestor.com

Market Sentiment at a Glance
********************************************************************
                                Friday      Tues     Thurs
Indicator                       (1/22)     (1/26)   (1/28)   Alert
********************************************************************

Pinnacle Index (OEX):
-----------------------------------------------------------------
Overhead Resistance (620-635)     1.4        1.9        1.7
Underlying Support  (595-610)     1.3        1.3        1.4

Put/Call Ratios:
-----------------------------------------------------------------
CBOE Total P/C Ratio               .5         .5         .5
CBOE Equity P/C Ratio              .4         .4         .4   *
OEX P/C Ratio                     1.2        1.1        1.1

Peak Open Interest (OEX):
-----------------------------------------------------------------
Puts                              610        610        610
Calls                             610        610        610
P/C Ratio                         .9         .9         1.19

Market Volatility Index (VIX):
-----------------------------------------------------------------
CBOE VIX                         32.85      29.35     28.61   *

Investors Intelligence:
-----------------------------------------------------------------
Bullish                          60.0%      60.0%     60.7%   *
Bearish                          30.0%      30.0%     28.2%   *

The Power of Expectation Analysis

It has often been said that the crowd is right during the
market trends but wrong at both ends.  Measuring and
evaluating the sentiment of the crowd, therefore, can give
savvy option traders a decided edge.

Pinnacle Index
-----------------------------------------------------------------
OEX                             Friday     Tues     Thurs
Benchmark                       (1/22)     (1/26)   (1/28)
-----------------------------------------------------------------

                    (630-635)      2.7        3.2      3.4
                    (620-625)      1.1        1.3      1.1
Overhead Resistance (620-635)      1.4        1.9      1.7

OEX Close                       610.38     627.17   632.23

Underlying Support  (595-610)      1.3        1.3      1.4
                    (605-610)      1.0        1.0      1.1
                    (595-600)      1.9        1.9      1.9

Average ratings:
Resistance levels 2.0 / Support .5

What the Pinnacle Index is telling us:
Overhead sentiment resistance is Moderately weak at the OEX
620/635 level while the underlying support is moderately weak.

Put/Call Ratio (10-Day Moving Average)
-----------------------------------------------------------------
                                Friday     Tues      Thurs
Strike/Contracts                (1/22)     (1/26)    (1/28)
-----------------------------------------------------------------
CBOE Total P/C Ratio              .53        .54        .53
CBOE Equity P/C Ratio             .40        .42        .41
OEX P/C Ratio                    1.15       1.13       1.06

Peak Open Interest (OEX)
-----------------------------------------------------------------
                     Friday         Tues           Thurs
Strike/Contracts     (1/22)         (1/26)         (1/28)
-----------------------------------------------------------------
Puts                 610 / 11,153   610 / 10,675   610 / 11,645
Calls                610 / 11,865   610 / 10,926   610 / 10,683
Put/Call Ratio       .94            .98            1.19

Volatility Index (VIX)
-----------------------------------------------------------------
                    Major
Date                Turning Point       VIX
-----------------------------------------------------------------
October 97          Bottom              54.60
July 20, 1998       Top                 16.88
October 8, 1998     Bottom              60.63
January 11, 1998    Top                 26.38

January 22, 1999                        32.85
January 26, 1999                        29.35   *
January 28, 1999                        28.61   *

Investors Intelligence Survey
-----------------------------------------------------------------
                    Major             Percent     Percent
Date                Turning Point     Bullish     Bearish
-----------------------------------------------------------------
October 97          Bottom            22.0        48.3
July 20, 1998       Top               52.0        24.0
October 8, 1998     Bottom            38.5        42.7
January 11, 1999    Top ?             58.3        30.0

January 26, 1999                      60.7        28.2   *

Please view this in COURIER 10 font for alignment
*****************************************************
RESULTS THIS WEEK

Index Last       Mon   Tue    Wed    Thu   Week
Dow       9281 82.65 121.26 -124.4   81.1 160.66
Nasdq     2477 30.43  64.10 -26.27   70.2 138.46
$OEX       632  5.68  11.11  -5.82  10.88  21.85
$SPX      1265  8.79  18.33  -9.14   22.2  40.18
$RUT       424 -0.33   3.22  -4.21   2.85   1.53
$TRAN     3078 49.17  26.47 -50.34 -10.77  14.53
$VIX        29 -0.82  -1.18   2.51  -2.75

Stock Price   Mon   Tue   Wed   Thu   Week

AOL     174.44  5.56  8.86 10.50  8.94 33.86 Another 2:1 split on schedule
MSFT    174.00  5.63  9.69 -2.94  5.38 17.76 Dip buying en masse
SEPR    111.75  2.25  2.50 -2.00  9.50 12.25 Reaction to LLY's Prozac #s??
SUNW    109.31  3.06  5.56 -1.19  3.88 11.31 Dip buying en masse
DELL     94.19  1.88  3.63  0.00  5.69 11.20 Time for a pullback
BBY      90.44  3.63  3.63  2.13  1.81 11.20 Time for a pullback
LXK     110.31  4.88  3.88  1.31  1.00 11.07 Ditto
VOD     197.63  3.25  2.88  0.13  4.00 10.26 Looking very strong
NOK/A   154.00 -0.56  1.38 -0.13  8.75  9.44 Split Candidate with Earnings
EMC     106.88  3.50 -0.25  0.06  5.06  8.37 Internet storage gorilla
CEN      80.38  2.38  3.06  1.50  1.38  8.32 On a split run
CVC      70.50  2.13  1.31  1.57  2.63  7.62 New pick
CLX     121.69  1.43  2.57  0.81  2.50  7.31 New pick,Defensive play
CSCO    108.88  0.63  3.69 -3.69  5.44  6.07 Split Candidate on Monday
XLNX     83.50 -1.06  5.44 -2.75  3.69  5.32 Dip buying en masse
WCOM     79.88  2.81  0.25 -0.38  2.31  4.99 At resistance.
MU       75.25 -1.50  2.88 -0.38  3.75  4.75 Influenced by INTC excitement
ORCL     53.69  1.19  1.81 -1.88  2.69  3.81 Dip buying en masse
ANF      73.00  2.13  2.06 -0.19 -0.75  3.25 Consolidating
DH       63.06  0.31  0.63  2.13  0.06  3.13 Great showing Wednesday
WMT      85.13  0.00  1.56  1.63 -0.06  3.13 Slow and sure
XIRC     45.00 -0.06  0.38  1.56  1.13  3.01 Gaining momentum
VIA/B    85.00  0.44 -0.88  1.00  2.13  2.69 Gaining momentum
SNC      40.25  1.19  0.56  0.06  0.69  2.50 Consolidating
UTX     116.94  1.25  1.44 -1.38  1.06  2.37 Dow bull rider

PUTS

AVP      35.63  0.00 -1.13  0.13 -0.94 -1.94 Breaking down
DD       52.69  0.44 -0.88 -0.75 -0.44 -1.63 Breaking down again
BKB      36.31 -0.50 -0.38 -1.19  0.75 -1.32 Leaking
AMR      54.50  0.38  0.25 -2.69  1.31 -0.75 Losing altitude
BAC      64.88 -0.38  0.25 -2.81  2.75 -0.19 Leaking
AVT      44.81 -0.75  1.38 -1.31  0.56 -0.12 Continued weakness
AXP     100.44  3.00  0.25 -2.31  1.00  1.94 Continued weakness
PHSYB    70.38  1.75 -0.56 -0.44  1.50  2.25
PG       87.81 -1.69  1.94  0.75  1.50  2.50 On the edge
BDX      36.31  1.94  0.56  0.25 -0.19  2.56 Selloff still intact
CPB      47.00  1.25 -1.44  2.00  0.88  2.69 Soups getting cold
MRK     142.44 -1.50  6.50 -0.25 -1.31  3.44 Dropped
WLA      72.13 -0.44  1.63  3.13 -0.13  4.19 Dropped
HSY      63.94  2.50  0.00  0.44  2.00  4.94 Dropped

PICKS WE DROPPED
****************
When we drop a pick it doesn't mean we are recommending a sell
on that play. Many dropped picks go on to be very profitable.
We drop a pick because something happened to change its
profile. News, price, direction, etc. We drop it because we
don't want anyone else starting a new play at that time.
We have hundreds of new readers with each issue who are
unfamiliar with the previous history for that pick and we
want them to look at any current pick as a valid play.

CALLS:
******

None

PUTS:
******

HSY - $64.00 2.00 (5.50) Stopped out of position at $62.25
today (1/28).

MRK - $142.50 -1.25 (3.50) Stop out of position on Wednesday
(1/27) on drug stock rally at $145.25.

WLA - $72.13 -.13 (4.13). Stopped out of position at $72.25 on
Wednesday (1/27) on drug sector rally.

PICK NEWS - CALLS
*******************************************************
EMC $106.88 +5.06 (+8.38) EMC set a new high today and closed
near the high.  The positive press just continues to roll in.
There was an article by The Motely Fool yesterday that is worth
reading if you trade EMC.  Some of the highlights of the
article are that EMC's market share in the data storage market
has grown from 28% to 32% while IBM's has decreased from 24% to
20%.  The Internet and E-commerce should continue to drive
EMC's sales, as 8 of the 10 largest Internet service providers
already use EMC storage systems.  Also in the news today,
Gruntal & Co. started coverage on EMC with a buy rating.

ORCL $53.69 +2.69 (+3.81) ORCL set a new high today, and closed
slightly below its old high.  In the news, ORCL's Japanese
subsidiary priced it initial public offering today.  It is
expected to be one of Japan's hottest IPOs in many months.
Like many US IPOs, it is expected to soar on the day of its
debut.  ORCL's ownership in the company will fall from 91% to
85% after the public offering.  The other news item that is
probably helping ORCL a little is Informix, the No. 5 maker of
database software, announced better than expected earnings.
(which is likely to raise expectations for ORCL).

UTX $116.94 +1.06 (+2.38) UTX set a new 52 week high at $118.75
after the open on Wednesday, and has traded down since then.
As we have said on numerous occasions, with the lack of news,
UTX will mirror the Dow.  In fact, if you look at its daily
chart from today you will see what we mean.  UTX took a dip
shortly after noon and recovered towards the close.  We haven't
had any news on UTX, but the Street did like the announcement
last week about UTX deciding to sell its underperforming
automotive unit.

MU $75.13 +3.63 (+4.63) Micron was off slightly yesterday, but
today it gapped up at the open and kept on going.  We said on
Tuesday that while Micron's current quarter ends in February,
and earnings won't be released until sometime in March, the
stock will react to any news on other chip stocks in the
meantime.  Most of the sector is in the middle of earnings
releases.  A 2-for-1 stock split by chip sector leader Intel
can only be positive for the other chip stocks.  Look for MU
to continue moving higher in sympathy.

NOKA $152.75 +7.50 (+8.19) Nokia saw a nice jump in its stock
price today ahead of tomorrow morning's earnings report. If
you sold this afternoon, you locked in your profits and you
can jump back in tomorrow if the numbers look good and/or
they announce a split.  Those who held over should note that
earnings will be reported before the NYSE opening bell, so the
stock will gap up or down accordingly.  Rival Ericsson just
reported strong earnings and received an upgrade.  Nokia has
been looking even stronger than Ericsson in recent months, so
we are hoping for big news in the morning.

WMT $85.44 +.25 (+3.44) The King of retailers is back to its
old ways--a slow but steady climb in price, which is why we
picked them up again. WMT is sitting just below the intra-day
high it set on Tuesday of $85.94, which is it's only resistance.
WMT had a 389,000 share block trade Wednesday at $84.00. This
is both a momentum play and a split candidate (which we would
expect with earnings).

BBY $90.44 +1.81 (+11.19) Best Buy keeps powering ever higher,
today setting a new intra-day high of $91.94. BBY seems to have
found a successful retail formula, and they sell what consumers
want most these days: technology products. Everything is
increasing for this company: total number of stores, same store
sales, market share, profit margins, and stock price. Higher
selling and administrative costs also showed up on their last
quarterly report, but they were part of an effort to improve
performance and increase volume. The only thing that declined
was their interest expense, and that is very positive. Sales
for most of the holiday period will show up in the current
quarter, so there is probably still good news yet to come.

DELL Computer $94.19 +5.69 (+11.19)  We often note that
volume is critical to sustained price moves, and bemoan
Dell a bit on its lighter volume.  Fortunately, trading
volume swelled yesterday and today to 23 million and 21
million shares, respectively; average is 17.5 million.
Dell traded flat yesterday, but was up $5.69 today to a new
all-time high.  There is still room to run as Dell blasted
through resistance with no immediate end in site.  Protect
your profits with stops and confirm direction first before
playing. Earnings are scheduled after the close, February
16.

CSCO - Cisco Systems $108.88 +5.48 (+6.07)  Cisco was
wholloped yesterday into the $103 range, but made it all
back, and then some, today on strong volume.  NASDAQ is on
a tear with CSCO as the 3rd highest weighted stock in the
NASDAQ 100.  Market willing, expect further advances into
earnings.  CSCO is also a split candidate with enough
shares authorized to announce a 3:2 split along with
earnings scheduled for release on February 2.  The run has
begun.  Dips are buyable.  Confirm upward movement first
and use stops to protect your profits.

AOL - America Online $174.75 +9.25 (+34.27)  Same league as
Microsoft.  AOL announced $0.17 earnings yesterday, $0.03
better than estimates, and a 2:1 stock split (effective
February 22).  Volume swelled to almost 20 million shares,
both yesterday and today, sending AOL into orbit.  Buying
pressure is still on as AOL closed at a new all-time high.
Resistance is weak at $176, its all-time trading high set
today just before the close.  AOL's new target price is
$210 and now occupies a top 10 position in the Fidelity
Magellan Fund.  With so much profit built in, remember to
use stops.  Dips are buyable.  Market permitting, the sky
is the limit.

WCOM - MCIWorldCom $79.88 +2.31 (+5.00)  Here we are again;
WCOM just can't seem to break resistance at $80.  Market
willing, it looks like we'll get another chance to crack it
tomorrow.  Wait for penetration of $80 with strong volume
before making a play.  Still benefiting from Supreme Court
ruling against the Baby Bells, WCOM is rumored to soon be
announcing the start of a new consumer Internet service,
different from UUNET, its business ISP.  In its acquisition
of MCI, WCOM was required to shed its consumer ISP
division, Cable and Wireless, in order to gain Federal
approval for the merger.  Dips are buyable, but wait for a
clear reversal.

MSFT - Microsoft $174.00 +5.38 (+17.75)  A nice surprise,
MSFT still wants to run following it's stellar earnings and
Monday's 2:1 split announcement (effective 3/26),
contingent upon shareholder approval.  We expected a
pullback, but not as small as the one we got.  After losing
less than $3 yesterday, MSFT closed today at a new all-time
high, just $0.06 off its highest trade on 53% higher than
average volume -- extremely bullish.  If the market
continues up, MSFT will too since they are the largest
component of the NASDAQ 100.  As always, confirm market
direction first [don't forget to use stops]

DH - Dayton Hudson $63.06 +0.06 (+3.12)  Slow and steady;
that's the way the parent company of Target Stores moves.
Volume was a little light today -- only 1.3 million shares
traded.  Yesterday, DH gave us a nice $2+ pop on 2 million
shares (2 million average).  70,000 shares traded at the
close yesterday at a price of $63, lending some support at
this price.  No news this week.  Look for small rises to
continue if the market cooperates.  1189 institutions own
89.5% of the 395 million shares in float leaving about 40
million shares in daily float to trade.  Translation:  not
many sellers; extra volume will tend to goose the price.
Dips are buyable on a reversal.  DH is a more conservative
play.

ANF $73.00 -0.75 (+3.25)  After the $4.19 run it made on
Monday and Tuesday, ANF was due for some profit taking.
Wednesday, it lost $0.19 to humor us.  Thursday, ANF
teeter-tottered back and forth between green and red for most
of the day but then finally decided to finish negative.
ANF seems to be consolidating before resuming its course.
Just to be sure, wait for ANF to show upward movement again
before initiating new positions.

SEPR $111.75 +9.50 (+12.25)  Geez, when we initiated coverage
of this pharmaceutical company on Tuesday, we planned on
seeing the stock gradually increase.  Instead, the stock
pleasantly surprised us by spiking up +$11.25 during Thursday
trading.  It even broke above the new 12 month price target
of $112 set by BancBoston Robertson just last Friday.  However,
it couldn't hold on and finished the day at $111.75.  The
uphill spurt may in part be due to news of improved sales of
Eli Lilly's depression drug named Prozac.  Lilly and Sepracor
are currently working on an improved version of Prozac (which
loses its patent protection sometime after 2001).  Set your
stop losses tight to prepare for any subsequent profit taking.

***** Play updates continued in section two *****

FREE TRIAL READERS
******************
If you like the results you have been receiving we
would welcome you as a permanent subscriber.

The monthly subscription price is 39.95. The quarterly
price is 99.95 which is $20 off the monthly rate.

We would like to have you as a subscriber. You may
subscribe at any time but your subscription will not
start until your free trial is over.

To subscribe you may go to our website at

www.optioninvestor.com

and click on "subscribe" to use our secure credit
card server or you may simply send an email to

 "subscribe@optioninvestor.com"

with your credit card information,(number, exp date, name)
or you may call us at 303-797-0200 and give us the
information over the phone.

You may also fax the information to: 303-797-1333

*************************************************************
                      DISCLAIMER
*************************************************************
This newsletter is a publication dedicated to the education
of options traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock or option but an information resource to aid the
investor in making an informed decision regarding trading in
options. It is possible at this or some subsequent date, the
editor and staff of The Option Investor Newsletter may own,
buy or sell securities presented. All investors should consult
a qualified professional before trading in any security. The
information provided has been obtained from sources deemed
reliable but is not guaranteed as to accuracy or completeness.
The newsletter staff makes every effort to provide timely
information to its subscribers but cannot guarantee specific
delivery times due to factors beyond our control.


You can change the tickets.  Thanks.

D

Aimee Lannou   01/31/2001 08:05 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Valero's February Gas Nominations

Daren - I am looking for 5.000/d at meter 1394 and 10.000/d at meter 8018 for
Feb.   Currently it is 10.000/d at 1394 and 5.000/d at 8018.  Can I change
the tickets or will you?  Attached is the confirmation spreadsheet from
Valero.

Thanks.

Aimee

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 01/31/2001 07:54
AM ---------------------------

<DyckD@valero.com> on 01/30/2001 02:51:39 PM
To: alannou@enron.com, carlos.j.rodriguez@enron.com
cc:
Subject: Valero's February Gas Nominations

Amy and Carlos,

Please find attached Valero's baseload natural gas nominations and
designated swing supply quantities for February 1-31 for the Houston and
Texas City Refineries as well as Valero's supply to the Clearlake Methanol
plant.
If you need to reach me please call me.

Dave

Phone: (210) 370-2799
Cell phone at (210) 241-9180
Pager (888) 691-5538

(See attached file: HPL_Noms0201.xls)
 - HPL_Noms0201.xls


Molly - here are the actual tariff conditions they can rely on -

if a supplier does not meet the minimum requirements (and we don't), NIMO can call for security up to amount based on:
(30 days x MDQ (Maximum Daily Quantity) x highest month's average daily NYMEX Henry Hub closing price)

The MDQ is the maximum quantity that the marketer may deliver daily to the City Gate.  It is based on historical usage patterns and expected weather conditions but must be less than the MPDQ.

The MPDQ (Max Peak Day Quantity) is the max gas the customer can take on a winter day, based on a day with 75 heating degree days.  Customers are assigned a MPDQ based on a "Base and Thermal Methodology", which calculates an expected peak day usage.

SO the point here is that there is some latitude in how they define MDQ.  Let's talk ASAP about how to get these details from them and perhaps negotiate the $4.3 million.

 -----Original Message-----
From: 	Harris, Molly
Sent:	Wednesday, November 21, 2001 2:00 PM
To:	Steffes, James D.; Leff, Dan
Cc:	Ogenyi, Gloria; Kingerski, Harry; Black, Don; Castano, Marianne; Keller, James
Subject:	NIMO

And the winner is .............. "me" to coordinate.  I have been leading with Legal and Trading.  Legal confirmed their right under the gas tariff (due to our downgrade).   Don's team, myself and the credit contact at NIMO reviewed the exposure calculation and believe it to be accurate at first review.  I am inquiring to a lock box to reduce the requirement by 50%.  Deadline to deliver is next Thursday, Nov 29th.

Harry/Gloria - could you please review their requirement?  NIMO is asking for collateral in effect to cover EES base load for the Supplier Select program, assuming EES does not deliver for 30 days and assuming the coldest day (in the past 30 years) which in effect mutiplies our load by a factor of 3.  However, NIMO has agreed to use forward Jan price in lieu of the past 12 months as stipulated in their tariff.

Regards
Molly

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, November 21, 2001 1:43 PM
To:	Harris, Molly
Cc:	Leff, Dan; Ogenyi, Gloria; Kingerski, Harry
Subject:	FW: Performance / Surety Bonds

Molly --

Please let either Gloria or Harry know if you need our assistance.

Jim

 -----Original Message-----
From: 	Leff, Dan
Sent:	Wednesday, November 21, 2001 12:32 PM
To:	Harris, Molly; Mihalik, Teresa; Fite, Rebecca; Kingerski, Harry; Steffes, James D.; Hughes, Evan
Cc:	Ogenyi, Gloria; Sharp, Vicki; Herndon, Rogers; Black, Don; Richter, Jeff; Bradford, William S.
Subject:	RE: Performance / Surety Bonds

When is this due?  What is our gas exposure in NIMO's service territory?  Who is on point?

Thanks - Dan

 -----Original Message-----
From: 	Harris, Molly
Sent:	Wednesday, November 21, 2001 10:39 AM
To:	Mihalik, Teresa; Fite, Rebecca; Kingerski, Harry; Steffes, James D.; Leff, Dan; Hughes, Evan
Cc:	Ogenyi, Gloria; Sharp, Vicki; Herndon, Rogers; Black, Don; Richter, Jeff; Bradford, William S.
Subject:	RE: Performance / Surety Bonds

EES received a margin call for $4.3MM on Nov 19th from Niagara Mohawk for EES gas business to cover settlement and imbalance risk for NIMO's "Supplier Select" Program.  The Enron Corp. gaurantee is no longer acceptable at our current rating.  Legal has confirmed NIMO's rights under its gas tariff.

Regards
Molly


Per your request


As I mentioned at the executive committee meeting, we have a number of people
who either have expressed interest in serving on the transition team or who I
would like to approach to serve on the transition team for Bush.  We believe
that a call from you to Cheney may be required.

David Haug.    David will be returning from his honeymoon on Dec 4 and has
expressed a strong interest in serving on the Bush team.
Woody Wodraska.  Woody would like to work on environmental and water issues
and has been in touch with Bush campaign folks in both California and
Florida.  He would appreciate a call on his behalf to Cheney.  Amanda is
aware of his interest and is amenable to his service.
James Steffes.  You know Jim.  He is one of the most creative and talented
people in my organization.  He is familiar with state and federal energy
regulation as well as the state and federal policy makers who have played an
active role in deregulation efforts.  He would be great to have on a vetting
team for commission nominees.  I have talked to Jim and he is interested.
Others.  We can make another 4 people available from the government affairs
organization with qualifications in energy, communications and market
regulation.  The question is more a matter of how many Enron people they
would like to have.  Among them:  Dan Allegretti (who will be chair of NEPOOL
next year) who campaigned for Bush in New Hampshire; and Sue Landwehr, a
republican who works for us in the upper midwest.

Linda Robertson has suggested that we try to put as many people on the
"vetting" team as possible.  Let me know how I need to proceed.


Please print attachment for me.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/09/2001 06:41 PM
---------------------------

"Simon Sanderson" <ssanderson@riskwaters.com> on 02/08/2001 10:50:51 AM
Please respond to <ssanderson@riskwaters.com>
To: <sally.beck@enron.com>
cc:
Subject: Risk 2001. Paris, April 10-11th

Risk 2001 Europe.
Risk magazine's 6th annual European derivatives and risk management
congress.
Paris, April 10-11 2001.

Dear Sally,

Please find enclosed the brochure for the above conference - I believe that
it will be of interest to yourself and your colleagues. As with our other
events I am the delegate organiser, so if you have any questions just give
me a quick bell, or send me an email.

To Register:

Anyone can register at anytime to any of the events by simply replying to
this e-mail including their full invoice details and a fax number. I can
then process everything from this end.

Kind Regards

Simon Sanderson
Delegate Organiser
Risk Waters Group
ssanderson@riskwaters.com
Tel: +44 (0) 207 484 9735
Fax: +44 (0) 207 484 9888

 - BROCHURE.PDF


Start Date: 2/22/01; HourAhead hour: 22;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022222.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 22 / Preferred: 199.87 / Final: 199.84)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 2/22/01
  SC_ID: EPMI


Start Date: 3/2/01; HourAhead hour: 18;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030218.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 18 / Preferred:  29.00 / Final:  26.60)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 3/2/01
  UNIT_ID: CARBGN_6_UNIT 1

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 18 / Preferred:  75.00 / Final:  73.80)
  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 3/2/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_3000
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 18 / Preferred:  75.00 / Final:  73.77)
  TRANS_TYPE: FINAL
  SC_ID: ECTltNW
  MKT_TYPE: 2
  TRANS_DATE: 3/2/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_6000
  ENGY_TYPE: FIRM


Today, I announce my departure from Enron.  Enron is a great company and I
have enjoyed working with our terrific employees over the last eight years.
Together, we have made Enron a successful global company.

With Enron,s decreased emphasis on international asset development activity,
however, I have decided to pursue opportunities where I can make greater use
of my skills and experience.  I leave Enron with wonderful memories of our
employees and the many successes we have achieved together.  You have my best
wishes for Enron,s continued success.

Joe


----- Forwarded by Mark Taylor/HOU/ECT on 03/14/2001 06:30 PM -----

	William S Bradford/ENRON@enronXgate
	03/14/2001 06:14 PM

		 To: Tracy Ngo/PDX/ECT@ECT, Janice R Moore/HOU/ECT@ECT
		 cc: Elizabeth Sager/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Rick
Buy/ENRON@enronXgate
		 Subject: RE: Merrill Lynch assignment to Allegheny

Although we are still waiting on information from Merrill Lynch, Cliff Baxter
has asked that we make every effort to meet Merrill's deadline (tomorrow) for
relationship reasons.

Thanks for the effort.

Bill

 -----Original Message-----
From:  Ngo, Tracy
Sent: Wednesday, March 14, 2001 4:27 PM
To: Moore, Janice
Cc: William S Bradford/HOU/ECT@ENRON; Sager, Elizabeth; Taylor, Mark
Subject: Re: Merrill Lynch assignment to Allegheny

I'm waiting on Merrill to verify the transactions.  I will advise.  Thanks.
I'm already working with Joe Hunter in financial confirms and Rhonda Denton
re. the physical power transactions.

Thanks,
Tracy

Janice R Moore
03/14/2001 02:31 PM
To: Tracy Ngo/PDX/ECT@ECT
cc: William  S Bradford/Enron@EnronXGate, Elizabeth Sager/HOU/ECT@ECT,
mark.taylor@enron.com

Subject: Merrill Lynch assignment to Allegheny

Tracy
Just wanted to let you know that I"ll be working on the physical power side
and Sara Shackleton will be working on the ISDA side of this deal, so when
you get the info ready, you can send it to us directly.  Thanks.
Regards,
Janice

EB3811
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-3490)


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=VPIMENOV>
To: 'vpimenov@enron.com'
Date: Friday, February 1, 2002 8:07:35 GMT
Subject:

fd


---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/21/2001
09:57 AM ---------------------------

Jeffrey C Gossett
03/21/2001 09:54 AM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M
Love/HOU/ECT@ECT
cc: Wendi LeBrocq/Corp/Enron
Subject: 12/29/2000 - MTM

Two more counterparties need MTM values for Dec. 29, 2000.

The Tudor BVI global portfolio
Osprey Portfolio Group

Please provide the total MTM value for that date within your region.

Thanks


Thanks for the price, he will look at it and get back to us.  Also do you have an idea where ICAP in New York Zone J is trading for the next couple of years, (Cal02 and 03)?  Nick

 -----Original Message-----
From: 	Ring, Richard
Sent:	Wednesday, September 26, 2001 10:20 AM
To:	Politis, Nick
Cc:	Misra, Narsimha
Subject:	RE: Unforced capacity credits

Nick,

I spoke to Narshima about this deal.  EESI would be bid at $46.00/MWD for Unforced Capacity Credits for Cal02.  Are you asking if we would have a bid for the energy as well?  If so, I would need to know the specific location for this generator (i.e. what point does this energy enter the PJM system).

Regards,

Richard

 -----Original Message-----
From: 	Politis, Nick
Sent:	Wednesday, September 26, 2001 9:40 AM
To:	Ring, Richard
Subject:	Unforced capacity credits

Richard,

Did Narsimha have a bid for 20 MW of Unforced Capacity Credits in PJM for Cal02?  My customer would like to sell this as well as energy.  I need to show him a price this morning.  Nick


It may be of interest to you.

This presentation was delivered to a group of economic and energy Brazilian  journalist who visited Enron yesterday. We stressed the idea of contract sanctity, spot price, market signals, Brazil vs. California, Annex V, etc. They also visited our gas operation center and trading floors.


We will be watching the FERC conference referenced above via the Internet in
the Mt. Hood conference room tomorrow, Nov. 1st.

This is regarding Expedited Procedures for Addressing California Market
Issues.

The conference starts at 6:00am Pacific time and is slated to last until
8:30am.

If this of intertest to you, please attend!

Lysa Akin for Mary Hain


i am here for you ok

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Monday, August 06, 2001 8:39 AM
To:	Quigley, Dutch
Subject:	jackie

latest update on "Jack" am wondering if your Mom could help out on his question below regarding the treatments
---------------------- Forwarded by Kay Quigley/HOU/EES on 08/06/2001 08:34 AM ---------------------------

"Robert Jones" <rfjsparky@hotmail.com> on 08/05/2001 09:58:04 PM
To:	kquigley@enron.com
cc:
Subject:	jackie

Kay,

Thanks for your call the other night.  I was at the hospital.  Jackie is
doing ok so far but today she has a big operation to put a tube in her chest
- a permanent replacement for the IV in her hand that the doctors say kids
like better since they don't see it under their shirts and get used to it
after a week or two.  75% chance to live at this point and if all goes as
planned there will be no need for a bone marrow transplant but she will need
blood transfusions...we don't need to donate at all as HK as a supply of
blood already...no visitors to her room except me, vicky, michelle, and
michelle's boyfriend...mom may have told you by now she has ALL Type B and I
got the info on Type B that you downloaded from the web - thanks - i am
still reading through all of the materials from the doctor - i do have alot
of questions - if you have a friend at MD Anderson i need to find out what
the "German Method" of treatment for leukemia is and whether it's  just as
good as the american method, and i also want to find out whether chinese
people can have the same treatment as westerners...i would think that at md
anderson they would have experience treating both chinese and western
patients so they should know if the treatments are normally the same or
not...i don't know if this hospital has ever had a western leukemia patient
before...thanks again.
Robert

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

<Embedded Picture (Device Independent Bitmap)>


We will soon be migrating to Windows 2000 and Outlook.  The Texas Desk is
scheduled for Tuesday, April 10th.  I was told to pass along the following
information to my group:

1.  You will be receiving emails from the migration team ("GEM") - please be
sure to only open this from your own desktop, and not remotely.  This is very
important.  These messages will be explaining the migration process and what
you need to do to insure a successful migration.

2.  Due to new space limitations on your mailbox, you are advised to clean
your Notes mailbox of old, unneeded messages BEFORE migration.  With Outlook,
you will be restricted to a Mailbox size of 100 MB.  Outlook will issue a
warning once you reach 75 MB to let you know that you are near your Mailbox
Limit.  Once you reach 100 MB, you will be prevented from sending email, but
you will still be able to receive internal and external messages  You will
then need to reduce the size of your mailbox by deleting old mail, saving
attachments to a local drive, etc. before you will be able to send an email
again.

3.  From the day of migration, only 30 days of old mail will be migrated from
your mailbox.  This includes mail in your inbox and other folders.  Calendar
items dating back one year from the day of migration will be migrated.

4.  Everyone will have a read only view of Notes until the transition is
completed.  You will be able to copy/paste.

Thanks,
Laura


[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   2.5%  0.15%  3.75%  4.5%  1.75-2.75%       [IMAGE] 	 [IMAGE]  USD Adds To Gains As Growth Concerns Hurt EUR, JPY  October 22, 7:00 AM: EUR/$..0.8976 $/JPY..121.66 GBP/$..1.4310 $/CHF..1.6449  USD Adds To Gains As Growth Concerns Hurt EUR, JPY by Jes Black  At 10:00:00 AM US Sept. Leading Indicator (exp -0.4%, prev -0.3%) At 2:00:00 PM US Sept Fed Budget (exp 28.6 bln, prev -79.9 bln)  The dollar added to last week's gains, rising across the board in both Asian and European trading this morning. EUR/USD revisited Friday's low of 89.67 while the dollar continued to test heavy resistance around 121.70 yen. Dealers drove the dollar higher for both internal and external reasons. Helping the dollar was the US equity market's resilience last week in the face of the first barrage of Q3 corporate earnings reports. Anthrax scares also failed to move the market by the end of the week, thereby helping the dollar despite the obvious risks of bio-terrorism. With the risk-aversion problem fading for the dollar, dealers have reassessed relative growth rates amongst the majors and found the US economy to have better long-term prospects.   Weakness in the other major currencies can be attributed to the underlying market perception that aggressive fiscal and monetary policy will pay off for investors who bet on the US recovery. Last Friday's German Ifo survey added weight to that view. The September survey posted the worst figure in 8 years and the biggest point decline in 28 years, as it fell to 85.0 from 89.5. This put the market on recession watch, as it reinforced fears of a possible contraction in German growth for Q4, which would put even Finance Minister Eichel's 0.75% 2001 growth target at risk. The Ifo report has also shaken confidence that the Eurozone economy would outpace the US over the near-term and has increased the risks of a contraction in the Eurozone, even though a technical recession is still unlikely. According to the Organization of Economic Cooperation and Development's latest release, the outlook for world economies is now the worst since 1982. US 2002 growth was revised down to 1.3% from the earlier 3.1%, while EU 2002 growth forecast was revised to 1.5% from 2.7%.   Falling economic growth has led to rising budget deficits and higher unemployment in the Eurozone. This has put the European Central Bank under intense pressure to lower rates, and it will again be at the forefront of investor thought when it meets this Thursday. But even though the Ifo survey was very bad, European Central Bank members did little to calm investors' nerves last week. This will likely keep pressure on the euro as markets gauge whether or not the ECB will appease politicians and businesses with another rate cut. However, even if the ECB were to lower rates, the market reaction could be muted because it has already been priced in for some time now. Therefore, the euro again finds itself in a lose/lose situation because the ECB has failed to be promote growth. Moreover, according to data released from the Chicago Mercantile Exchange, since October 9, when EUR/USD was trading around 92.20, there has been a 20% unwinding of euro long positions by non-commercial accounts. But the market is still long euro and the heavy selling could continue if the ECB does not cut rates.  EUR/USD maintained above yesterday's low at 89.67. Follow-up support is seen at 89.43, the descending channel support line from 93.35, followed by 88.40, the 50% Fibonacci retracement of the move from 83.48 to 93.45. EUR/JPY managed to recover most of Friday's losses, to regain the 109 level. Strong resistance is still seen at 109.50 but further weakness in the Japanese economy will help to push EUR/JPY higher.   The yen also fell against the dollar to a day's low of 121.70. A sharp year-on-year decline in Japan's trade surplus in September and a further drop of 0.1% in the MITI tertiary sector index sent the yen tumbling across the board. However, dealers say that the market has grown resistant to trading the yen lower because the constant stream of gloomy economic data is now expected. Therefore, more rangebound trade is expected in the yen this week.  GBP/USD hit a fresh two-month low of 1.4315 as traders also came to favor the US economy's prospects over that of the UK. Sterling has now confirmed its break below the 1.44 level, which is the key 38.2% Fibonacci retracement of the move from 1.37 to this month's 8-1/2 month high of 1.4836. A sustained break of the August 28 low of 1.4375 is seen increasing the bearish outlook for sterling. But, sterling's five-cent slide in two weeks may move into a stabilization period this week as investors contemplate the recent sell-off. Boding well for the pound is the fact that the Bank of England appears ready to ease monetary policy again in order to bolster economic growth. The decline in September inflation below the 2.5% target will provide the central bank with leeway to cut interest rates again by another 25-bp this year and the BoE's willingness to spur growth (unlike the ECB) will benefit the pound. Support holds at 1.4320, 1.430 and 1.4265. Upside capped at 1.4420, 1.4450 and 1.4480. Against the euro, the pound also fell to a one-week low of 62.73 pence.  USD/CHF regained Friday's highs around 1.6450 before easing back again, but is still seen supported above the key 1.64 level. The dollar's ability to maintain above 1.63 will be needed for it to maintain its bullish trend as it targets the 1.65 level. However, any major negative developments for the US, at home or abroad, would quickly translate into gains for the franc.  No key data was released from the Eurozone or UK today making trade quiet as dealers await the US leading indicators due at 10:00 AM. The negative impact from rising jobless claims and falling stock prices is expected to push the leading indicators figure down 0.4% in September after a 0.3% fall in the previous month.  Meanwhile, dealers will look to see if the dollar holds up as well as it did last week in the face of poor earnings reports for Q3. About half of today's earnings announcements will come after market close, thereby keeping trading volumes light in the regular session. One major sector represented in earnings announcements after the bell today is financials, like Moody's. Because of this, dealers may look to the war in Afghanistan for an indication of the effectiveness of the US ground operation as troops search for Osama bin Laden. The general lack of direction from Wall Street kept Asian and European bourses relatively unchanged today, albeit in positive territory. US futures are down slightly ahead of the open.  	[IMAGE] Audio Mkt. Analysis Euro Crawls Up In Quiet Trading       Articles & Ideas  EURO: German IFO Will Remind ECB to Build Growth    Dollar Comeback Stopped by Risk of Terrorism       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
		[IMAGE][IMAGE] [IMAGE][IMAGE]
		  This e-mail is never sent unsolicited. If you wish to unsubscribe from this or any other Forexnews.com newsletters, please click here .


Hi stranger!  how's the new digs?  WHEN are we going out for a little
dinner?

Jeff

	From:  Nicole La                           09/22/2000 07:49 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Address

Jeff,

I need to get your address, please.  Would like to invite you to mine and
Rick's wedding on November 25, 2000.  Hope you will be able to make it.

Also, forgot...next Thursday I have to go get fitted for my dress.  I'll try
to start doing more recruiting with you after the wedding.  Up until then, I
feel swamped with things to do everyday!  Sorry.

Still, let's do dinner the following week when you get back from Singapore.
October 3rd?

Nicole


Liz Sellers
home  (510) - 649 - 1618

729 Heinz #9
Berkeley, CA 94710

cell (510) 334-5324

work:
Curtis & Tompkins Laboratory
2323 5th St.
(510) 486 - 0900

e-mail

Liz@ctberk.com
zsuzsup@yahoo.com

Nancy - #4870


Enron in Action can be accessed through the new Community Relations web site at http://cr.enron.com/eia.html .  In this week's issue you will find out information regarding:

Enron Happenings
BEAR Holiday Fundraiser
2001 Holiday Shopping Card benefiting the American Cancer Society
Enron Kids 2001 Holiday Program
Support the Museum of Natural Science at the Crate & Barrel Opening Night Preview Party
Enron Night with the Houston Aeros
Free Carwashes for Enron Employees
American Heart Association "Heart Walk"

Enron Volunteer Opportunities
Volunteer for the 2001 Nutcracker Market "A World of Holiday Shopping"

Enron Wellness
CPR/First Aid Training
Mammogram Screening
November is Lung Cancer Awareness Month

Involved Employees
Par "Fore" Pets Golf Tournament

In addition, Enron in Action is available through a channel on my.home.enron.com.  To add this channel to your set-up click on the channels link at the top of the screen and under announcements check the Enron in Action box.

If you wish to add an announcement to Enron in Action, please fill out the attached form below and submit it to mailto:eia@enron.com no later than 12 PM Thursday each week.


can you please add this
---------------------- Forwarded by John Arnold/HOU/ECT on 09/26/2000 11:03
AM ---------------------------

	Enron North America Corp.

	From:  Molly Magee                           09/25/2000 06:28 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: Mario De La Ossa

John:   John Nowlan, Dave Botchlett, Jim Goughray and several others met with
Mario last week.  They were all favorably impressed.   Jeff Shankman had
asked to meet with him, and their appointment is scheduled for Thursday,
9/28, at 1:30 pm.   Jeff had also asked that you spend some time with him so
that a decision could be made as to whether or not to make him an offer.
Would you have some time available on Thursday afternoon to see Mario?

Thanks,
Molly
x34804


In case I did not find each of you personally, please be aware that as in the past with new Active X releases you will each be receiving the new version first. Each of you will have a new version of the website this evening, Friday November 16th.

You should not notice any changes, but if you do experience any problems please call me.

Thank you,

Lindsay

Lindsay Renaud
EnronOnline
Desk (713) 345-3703
Cell  (713) 628-0048


Thank you, Vince. I really like your idea.
Thank you again,
-chonawee

Vince J Kaminski@ECT
01/04/2001 05:17 PM
To: Chonawee Supatgiat/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Sorry.

Chonawee,

This was perfectly all right. As a matter of fact I expect and encourage
the members of the group to disagree with me (or anybody else)
on any subject. I am never offended by it and take it as a manifestation
of ability to think independently and having the courage of one' s
convictions.

Nobody has the monopoly on truth and nobody knows everything. The only
way we can learn and avoid costly errors (to ourselves and the
company) is by having open communication.  In Enron,
facts are friendly.

By the way, it was an excellent presentation.

Vince

Chonawee Supatgiat@ENRON
01/04/2001 03:10 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Sorry.

Hi Vince, I am sorry for correcting on the revenue of the different auctions.
Vickrey 1961 showed that all 4 kinds of auctions would yield the same
expected revenue to the auctioneer. (Dutch, English, first price-sealed bid,
and second-price sealed bid.) In fact, the selling price is equal to the
valuation of the second highest bidder. For example, in Vickrey auction,
everyone bids at his own valuation. Hence, the winner pays the valuation of
the second highest bidder. In English auction, the second highest valuation
bidder will stop competing if the price is above his valuation. Hence, the
winner also gets the item at the price of the second highest valuation bidder.
Thank you for attending the meeting and giving many helpful contributions.
-chonawee