Please do not hesitate to contact Robert Johnston (x39934) or Kristin Walsh
(x39510) with additional questions.

Executive Summary
An announcement could be made as early as today regarding the first wave of
long-term contracts (price and term).
The threat of bankruptcy is significantly diminishing as Davis hatches a plan
to 1) pass on "court ordered rate increases" and 2) issue revenue bonds.
Audit results are in and questions loom about the amount of funds transferred
to parent companies.  Davis is expected to use the threat of "endless
appeals" in courts and a possible ballot initiative in November to keep the
pressure on the parent companies to pay a share of the utility debt, as well
as to limit the scope of the rate hikes.
Davis hopes that a court ruling in favor of the utilities would provide him
with the political cover he needs to pass on rate hikes to California
consumers and avoid utility bankruptcy.
Davis walking a fine line with consumer advocacy groups.  If there is a
ballot initiative in November to challenge the expected court-ordered rate
hikes, it could be disastrous for investor confidence in the state.

Legislation and Bail Out
Bill AB1X was heard for several hours in the Senate Appropriations
yesterday.  Issues still remain regarding the tiered rate structure,
specifically for communities that have harsh climates.  However, the bill has
received support from almost everyone including consumer groups.   The bill
is expected to pass sometime today.  Tim Gage, CA Director of Finance said
Davis supports all the provisions in AB1X and expected to sign.

Bill AB18X was not heard in the Assembly yesterday but is expected to be hear
today.  In committee hearings Monday, the DWR testified it is spent all of
the $400M and were spending $45M/day in the spot market to buy power.

According to sources with direct access to Governor Davis, the on-going court
battle, as discussed below, is viewed as an excellent opportunity for a
settlement.  Davis recognizes that 1) the expected court ruling in the CPUC
case will likely authorize the utilities to increase rates charged to
California rate payers; 2) despite that ruling, the state government has the
ability to delay the eventual reward of that order long enough to cripple the
two utilities unless they come to terms.  Thus, Davis believes that
California consumers cannot avoid getting  hit with higher electricity
charges, but he plans to use the threat of an appeal (and a possible ballot
initiative) to limit the amount of the rate hikes.

A plan to exempt the lowest income, smallest consumers from any rate increase
and to concentrate rate increases among consumers using 130% of a baseline
usage rate was gaining serious momentum last night in Sacramento.  That would
still hit about one half of all consumers (since the "baseline" is set at 60%
of average consumption), but it is "progressive" in a politically important
sense.

Making this work would require solving a minor crisis that erupted last night
when PG&E admitted they had stopped reading electricity meters for many
customers and were estimating their bills based on previous usage rates.
The company's defense (they had laid off meter readers to conserve cash) was
met with widespread derision as consumer advocates pointed out the estimation
policy conveniently allowed the company to charge more despite serious
efforts by Californians to use less electricity.   "Every time you think
there's a moment when these utilities will not embarrass themselves,
something like this happens," one legislator moaned.

Long-Term Contracts

A second key to keeping the eventual rate increases down lies in the
negotiations now almost complete for the first wave of long-term power buying
contracts Davis initiated earlier this month.  The first wave of those
contracts will be announced perhaps as early as today and they will be
surprisingly positive, according to officials in the talks.  "We got a series
of good offers in those initial proposals.   And some not so good ones," one
official told our source.   "The idea is to announce the results of the first
contract talks with the good guys and then go back to the others and say,
'you want in on this with these terms?'   We think we'll eventually shake
loose a lot of supply with this strategy."

Bankruptcy

Because of these new dynamics, there is improved market confidence that
California will emerge from the current energy crisis without bankruptcy for
SoCal Edison and PG&E, even as they are set to miss another round of payments
to creditors and suppliers today (remember, there is a standstill agreement
among creditors not to ask for accelerated payment until Feb. 13).

We believe that sense of optimism will be given an even more credible boost
by the court case in front of US District Judge Ronald S.W. Lew in Los
Angeles, which is likely to mushroom into the kind of political cover for
elected officials that make a settlement possible by the end of next week, at
the latest.  In fact, without that political cover it would be impossible to
square all the various circles of this crisis.

Audit Results and Ballot Initiatives
Markets, Bush administration officials, and perhaps utility companies
themselves are underweighting the possibility that citizens groups will
launch a successful ballot initiative in the fall of 200l to bring all
electricity generation back under state control.  The threat of a proposition
initiative mounted as the two audits of the utility companies ordered by the
California Public Utilities Commission released in the last 48 hours
confirmed two seriously damaging points we have been warning about since
mid-January.  First, the audit of SoCal Edison confirmed that $2 billion of
the debt the utility claims it owes to energy suppliers is actually owed to
itself through its corporate holding structure that generates and sells
power.  Second, it confirmed that Edison electric paid nearly $5 billion in
profits to the holding company which then used that money to buy back its
stock and increase dividends in an effort to keep its stock price up even
while it was going on a debt-issuing binge.

The audit of PG&E released late last night was even more damaging: PG&E
management was sharply criticized for poor decisions in failing to react to
"clear warning signs of an approaching energy crisis" by not making deep
spending cuts, "including scaling back management salaries."  The auditors
also questioned the utility's decision to funnel some $4.7 billion of its
profits since deregulation into the coffers of its parent holding company,
which then used the cash mostly to pay dividends and buy back stocks.
"Basically, they took the money and ran," as State Senate Speaker Burton put
it yesterday.

What appears to be Governor Gray Davis' grudging acceptance of reality is
actually a highly evolved effort to produce a solution that provides enough
rate hikes/taxpayer subsidy to help solve the current crisis without
triggering a new -- and far more damaging -- burst of populist outrage among
a voter base that still thinks the utility companies are basically making
this all up.  There is no doubt that this use of money by SoCal Edison and
the debts it owes to itself are perfectly legal and in keeping with the
spirit of the 1996 deregulation law, but that is irrelevant in popular
political terms.  Were it not for the political cover potentially afforded by
the court case discussed below, these audits would make settlement extremely
difficult.

Keeping that anger from exploding into a ballot initiative this fall is key
to understanding the very complex game that Davis, his advisers and senior
legislators are now playing.   A ballot initiative would be a potential
disaster since it would almost certainly be aimed at re-establishing full
public control over the electric utilities.  Even if the state and utilities
successfully challenged such an initiative in court it would be years before
that victory was clear and it would freeze all new private investment during
that prolonged period.   That's something California cannot afford as
businesses would be moving out and new ones failing to relocate.

Court Battle
Thus, legislators are listening in horror as they hear the ugly details of
the court case in Los Angeles that SoCal Edison and PG&E are likely to win in
mid-February.  The court will most likely grant the two utilities $12.7
billion in relief and that the cost would fall immediately on the shoulders
of consumers who would see bills rise by at least 30%, California politicians
could see the emergence of the one thing everyone has needed since the start
of this extended drama: political cover. Davis will then have to rely on his
political and negotiating skills to pressure the parent companies of the
utilities to pass on something less than the full $12.7 billion debt.

PG&E and SoCal Edison have already won round one of a legal battle designed
to let them raise electricity rates enough to recover all of the debt they
have accumulated since August last year when the PUC refused to let them
raise prices even as electricity prices soared.  The court said the 1996
deregulation law was crystal clear -- when the two utilities had repaid
so-called "stranded costs," they were free to begin charging whatever they
needed to charge consumers to cover their cost of acquiring power.

Although the utilities won this case, the Judge stayed his order until
February 14th at the state government's request.  As that deadline
approaches, an intense new negotiating round is under way.  On the one hand,
political officials know they have the ultimate political cover for higher
electric prices ("the courts made me do it"), but on the other hand, they
also know that immediate and full compliance with that court order would
force electricity rates up by about 40% on top of natural gas bills that have
soared by about 300% since last year.  Utility companies are playing this
card aggressively in negotiations about the scope and shape of the final
bailout.  "We'll just wait until the court puts the order into effect in
mid-February then even if we are in bankruptcy we will emerge quickly and
easily."

One tactic the state political officials are using, in order to force a
settlement, is the threat of keeping the law suit tied up in court for the
next couple of years.  One political official pointed out that they could
keep the utilities from receiving their money this year, next year or perhaps
even the year after. "Sure, we tell them, they will probably win in court and
get that money.  Eventually.  We are making them well aware that unless we
have a settlement we will appeal that court ruling all the way to the Supreme
Court and keep them tied up for the next two years at least.  We don't think
the creditors will be quite that patient."


Any news on whether you can make it for the weekend of Jun 22?  I now it's way past my turn to go there, but the show will be better in Houston that weekend!

Also, what about the Aladdin...did you get comped?

Scott


Per our numerous conversations, please do not release any payments to B & J
until I let you know it is o.k. to make payment.  Call me if you have any
questions.


The Cal ISO website is down due to the Nimda virus.  They are expected to be back up around 9:00am.

Regards,
Paul


Most of the time we meet these deadlines.  Several days the P&L hasn't been
exported by 7:20 b/c I was waiting for the Management p&l changes, so that
there wouldn't be such large changes between our preliminary and final
p&l's.  If you rather I didn't wait let me know.  There have been a couple of
days I've just forgotten, but that's not a regular occurance.

Robin

Jeffrey C Gossett
12/07/2000 10:48 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc: David Baumbach/HOU/ECT@ECT
Subject: timing of submitting information to Risk Controls

Are we missing any of these "deadlines" and, if so, Why?
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 12/07/2000
10:46 AM ---------------------------

	Enron North America Corp.

	From:  Shona Wilson @ ENRON                           12/07/2000 10:45 AM

To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Kathy Reeves/CAL/ECT@ECT,
Stacey W White/HOU/ECT@ECT, Monica Lande/PDX/ECT@ECT, David
Maxwell/HOU/ECT@ECT, Martha Stevens/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT,
Scott Earnest/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Michael E Moscoso/HOU/ECT@ECT, Kristin Albrecht/Enron Communications@Enron
Communications, Gary Stadler/Enron Communications@Enron Communications,
Meredith M Eggleston/HOU/EES@EES, James New/LON/ECT@ECT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jan-Erland Bekeng/AP/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Mike
Jordan/LON/ECT@ECT, Chris Abel/HOU/ECT@ECT, Kenneth
Thibodeaux/NA/Enron@ENRON, Michael Benien/Corp/Enron@ENRON, Daniel
Falcone/Corp/Enron@ENRON, Eugenio Perez/HOU/ECT@ECT
Subject: timing of submitting information to Risk Controls

Over the past few weeks, we have not been receiving information from the risk
management groups on a timely basis.    This memo serves to convey our
deadlines to you and to reiterate deadlines for the risk management group.

Our reporting is as follows (Houston time):

7:45 - posting of preliminary DPR to website (needed to be done prior to RAC
8am meeting)
7:45 - 2:00 - preparation of the violation/notification memos
2:00 - finalization of the DPR & memos

In order to meet these deadlines we need the risk management departments to
meet the following deadlines (Houston time):

before leaving to go home (Houston): officialization of books (to ensure
information is captured in VAR engine and Credit AGG)
4:00 (London):  officialization and sending of feeds to IT
7:20 (all): export of preliminary information
7:20-3:00: support on explanations of violations/notification memos
11:00 (London only): export of final information (needed at that time for
Merchant Asset group)
12:00 (Houston only): export of final information

Everyday at least one group misses the deadline, which is unacceptable.
Please ensure deadlines are met going forward.  Remember, the DPR cannot go
out until all information is received and final so one group holds up the
whole process.

Thank you,

Shona Wilson


Hi Corey -

My champion, hero, angel - I think I have made a major mistake!!!  I thought
I had tickets to Mark McGuire's team for May 12, but it is the Cinncinatti
Reds!!!  I am so sorry.  Is that going to be o.k.?  That's  what I get for
thinking I know anything about baseball.

Look forward to hearing from you!!

Love,

Aunt Rosie


Jay, Jeff received a call yesterday from a 2nd year HBS student and
co-founder of a B2B commerce company - Franz Edward Alphonse - who wanted to
speak to Jeff (for the ever-popular "5 minutes") about his company.  Jeff has
asked that you follow up with this gentleman.  His phone number is
617.493.5597.

(Karen, I'm copying you in the event you have any information on Mr. Alphonse
- i.e., did he interview w/Enron and if so, how did he do).

Thanks, Jay.  Please send Jeff a note with any update once you have spoken to
Franz.

SRS

PS - I'm back from Italy and ready to have that drink whenever it works for
you and Greg.  I understand he's out for a few weeks now while he moves his
family to Houston...


you didn't think that was funny?  do i need to explain that one?


The plan looks good - but is not fully implemented.  I've left a message with
Marcelo to get an update on what the status is. I'll fill you in once we've
talked.

Regards


Hi Andy,

Just in case it takes Greg some time to get back to you, due to his extremely
busy schedule, I wanted you to know your email was received.

Liz Taylor
Admin. Assistant to Greg Whalley

"Andy" <andy@episa.ch> on 01/31/2000 08:27:25 AM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: testing testing

i lost your email address - so i hope this works

my phone + 41 22 819 0850 or mobile + 41 79 293 5981, email just hit the
reply button

Interested to catch up with you (no bets allowed) sometime....
 - att1.htm


I have reserved conference room 32C2 for Thursday, Feb 1, Feb 8, and Feb 15
from 3:30 - 5:30
John to teleconference in tomorrow (Feb 1) call 713-853-9554

Please let me know if Wharton is using a different number from last week so
that I can inform the scheduling people

Melinda
x31641

	Christie Patrick@ECT
	01/30/2001 06:34 PM

		 To: Melinda McCarty/Corp/Enron@Enron
		 cc: jhenders@newpower@EES, Vince J Kaminski/HOU/ECT@ECT,
degiacic@wharton.upenn.edu
		 Subject: Re: Wharton Tiger team #3

Melinda,

Would you please coordinate John Henderson into the Thursday videoconference?
Thanks!

--Christie.
---------------------- Forwarded by Christie Patrick/HOU/ECT on 01/30/2001
06:31 PM ---------------------------

Mohn Henderson@NEWPOWER

01/30/2001 04:13 PM

Sent by: Melissa Corley@NEWPOWER
To: Christie Patrick/HOU/ECT@ECT@EES
cc: jhenders@newpower@EES, Vince J Kaminski/HOU/ECT@ECT, Melinda
McCarty/Corp/Enron@Enron, degiacic@wharton.upenn.edu
Subject: Re: Wharton Tiger team #3

John would prefer to join the Thursday call via teleconference.  If you could
provide the dial in number he will call in.

Thanks,

Melissa Corley

John Henderson

	Christie Patrick@ECT
	01/30/2001 03:50 PM

		 To: jhenders@newpower@EES, Vince J Kaminski/HOU/ECT@ECT
		 cc: Melinda McCarty/Corp/Enron@Enron, degiacic@wharton.upenn.edu
		 Subject: Wharton Tiger team #3

Hi John and Vince!

John, hopefully you received my voice mail regarding the matter set forth
below.

I'm in NY now and won't  return until Thursday morning.  Perhaps it would be
easiest for John to come to the video conference on Thursday (if he's in
Houston) or via telephone if he's travelling??

Whatever  you both think is best..please let me know!

My assistant, Melinda McCarty, is setting up the call location at the Enron
Building, as well as the dial-in number with Donna Piazze at Wharton.

Melinda, please include John in the distribution of the video conference
location.

Thanks!

---------------------- Forwarded by Christie Patrick/HOU/ECT on 01/30/2001
03:43 PM ---------------------------

"DeGiacinto, Clayton" <degiacic@wharton.upenn.edu> on 01/30/2001 02:00:07 PM
To: "'Christie.Patrick@enron.com'" <Christie.Patrick@enron.com>
cc: "Feerick, Dennis" <dennisf@wharton.upenn.edu>, "Lessar, Stephen"
<lessars@wharton.upenn.edu>, "Vittal, Maheshram" <mvittal@wharton.upenn.edu>,
"Bassal, Omar" <bassalo@wharton.upenn.edu>, "Cummins, Marc"
<marcjc@wharton.upenn.edu>
Subject: Wharton Tiger team #3

Christie,

As we talked last Thursday via video teleconference, we are planning to
narrow our scope to focus on a marketing/promotion plan for NewPower
including value-added products and services for the future.  Before we talk
again on Thursday, we would like to speak with John Henderson again to see if
he recommends any specific items he would like us to address.

We are having trouble contacting him and wonder if you could facilitate a
phone meeting between us, or if it would be best to include him in our next
video teleconference.  We are available the next two days at 1pm and 4pm
Houston time.

We understand that John is a very busy person, and we appreciate any help you
can give in getting us together to ensure our work is commensurate with his
expectations.

Thanks,

Enron Team 3 (Retail)


As you know, Enron Wholesale Services (EWS) has been reorganized under the leadership of CEO Jim Fallon.  Rich DiMichele supports Jim as COO of EWS, while also continuing in his role as head of Enron Broadband Services (EBS).  EWS businesses include:  Enron North America, EBS, Enron Industrial Markets, Enron Global Markets, Enron Europe and Enron Canada.  EWS' business focus remains on maximizing creditor value and determining which businesses and assets will be a part of Enron's reorganization plan.

In addition to Rich, reporting to Jim are:

?	Don Miller - ENA
?	Gary Hickerson - EGM
?	Rodney Malcolm - EIM
?	Eric Shaw - Enron Europe
?	Kyle Kitagawa - Enron Canada
?	Lance Schuler - General Counsel
?	Barry Pearce - Chief of Staff
?	Dave Gorte - RAC
?	Kent Castleman - Accounting
?	Shanna Funkhouser - Human Resources

Enron Wholesale Services

<Embedded MS Organization Chart 2.0>


FYI relating to Napoleonville Matters

 -----Original Message-----
From: 	Rainer, Eva
Sent:	Friday, July 13, 2001 10:25 AM
To:	'chapmagj2@dow.com'
Subject:	Napoleonville land sale

Gary,

Per our conversation on July 11, I would like to reiterate that an Enron entity is interested in selling approximately 330 acres of land at the Napoleonville salt dome in Louisiana.  This land is divided into two tracts, one of about 256 acres and the other about 73 acres in size.

Enron recently received $15,000 per acre in a separate land transaction at Napoleonville, and this sets the market price that we expect to receive in the above proposed land sale.

Does Dow have interest in this land?  Is this price within your range?  If so, I would encourage you to draft a proposal from Dow within the next two weeks, if possible.

This email does not constitute an offer, but is solely provided for informational purposes.

Let's discuss this at your earliest convenience.  Thanks again for taking the time to meet with me last Thursday, and I look forward to hearing from you soon!

Sincerely,
Eva Rainer
Upstream Products Group
Enron Americas
713-853-9679


Concur Expense (XMS) Upgrade!

On July 2, 2001, Enron,s Corporate Expense Management Solution will undergo
an upgrade to version 6.0.2.
The Integrated Solution Center (ISC) has developed a transition plan
containing several important deadlines affecting
all XMS users.

       Transition Schedule

Important Date #1 - Monday, June 18th
? American Express transactions will no longer be loaded into the current XMS
system starting June 18th.  Beginning June 18th, all AMEX transactions will
be loaded into the new Concur Expense (XMS) system.
?  Beginning June 18th, the ISC will be solely responsible for adding new
users to the current XMS system.  On July 2nd, new users created in SAP HR
will be  automatically loaded into the new Concur Expense (XMS) system.

Important Date #2 - Wednesday, June 27th
? This marks the deadline for entering new expense reports into the current
XMS system.  All open expense reports in XMS must be submitted and approved
by June 27th.  All users will be locked out of XMS after this date!!

Important Date #3 - Monday, July 2nd
? The new version of Concur Expense (XMS ver. 6.0.2) goes LIVE!!!

For a list of frequently asked questions (FAQ), please click on the following
link:  http://isc.enron.com/site/xmsfaqs.htm

If you have any other questions on any of the above items, please contact the
ISC Call Center at 713-345-4727.


Karen et al.,

To begin with, I contacted Legal (Tana Jones) in reference to Weyerhaeuser
Company listed on the Clickpaper Credit Response 090700, and left her a
voicemail message since she was not available.  She has not yet responded.

Since then, I have been in contact with Global Counterparty and they have
advised me that the CP#11319 Weyerhaeuser Company (the CP reported on
Clickpaper 090700) is the parent to CP#81012 Weyerhaeuser Company Limited
(the CP that we currently have an executed contract ).

Based on similar issues in the past, and supported by Mary Solomonson's
agreement with the Legal department, the Global Contracts group will not
provide a response until Legal clarifies the issue.  Accordingly, we will not
include the current Global Contract number given to CP#81012 Weyerhaeuser
Company Limited unless and until Legal approves the contract for Weyerhaeuser
Company.

Regards,
Bridgette


Dear Neil,

If you can come to ours, it would be greatly appreciated.  We're located at
1400 Smith Street, Suite 5007.  You can park in the Allen Center Garage
visitor parking (entrances off of Clay and Andrews Streets), which is
connected to our building by a skywalk on the 3rd floor.  You'll have to
check in with security in the lobby of our building, but I'll let them know
you and Paul are expected so as to expedite the process.  Will anyone else be
accompanying you?  Please advise.  Thank you.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Neil Kelley <NKelley@TQCap.com> on 12/07/2000 04:17:13 PM
To: "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:

Subject: RE: Genesis Park

Confirmed for 10:30am on Wed Dec 13.  Your place our ours?

Thanks Sherri.

-----Original Message-----
From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com]
Sent: Thursday, December 07, 2000 3:30 PM
To: Neil Kelley
Subject: RE: Genesis Park

Dear Neil,

Sorry you two missed each other last night.  How would 10:30 a.m. on
Wednesday, December 13 work for you and Paul?  I have pencilled it on
Jeff's calendar at that time.  I'll hold it until I hear otherwise.  Thank
you.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Neil Kelley <NKelley@TQCap.com> on 12/07/2000 01:35:45 PM

To:   "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:

Subject:  RE: Genesis Park

Thanks for the reply Sherri.  I missed Jeff last night at Paul's so we
didn't get a chance to talk.  Paul and I would appreciate the opportunity
to
set up a meeting before the holidays.  I know it's going to be tough given
everyone's tight schedules, but please find below some dates that work for
Paul and me:

Dec 11 afternoon; Dec 12 afternoon; Dec 13 10:30-2:00; Dec 15 afternoon;
Dec
18/19/21 all day

Please let me know if any of these dates work so we can set a firm time.
If
Jeff wants to combine with lunch, that would be great too.  Thanks/Neil.

-----Original Message-----
From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com]
Sent: Wednesday, December 06, 2000 10:50 AM
To: Neil Kelley
Subject: Re: Genesis Park

Dear Neil,

Jeff asked me to let you know that he will be at Paul Hobby's open house
this evening and hopes to see you there to discuss Genesis Park and Vitol.
In the event you two do not cross paths there, please let me know and we'll
see what we can do to schedule a meeting before the end of the year.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Neil Kelley <NKelley@TQCap.com> on 12/01/2000 02:51:21 PM

To:   "Jeff Skilling (E-mail)" <jeff.skilling@enron.com>
cc:

Subject:  Genesis Park

Jeff, I've been meaning to corner you at one of the YPO functions to spend
a
minute discussing a couple of topics.  First and foremost, I wanted to
introduce Genesis Park which is a "new economy" investment company that's
been recently founded here in Houston by Paul Hobby, Fred Lummis, Steve
Gibson, Peter Shaper, Bruce Herzog and myself.  Paul and I were hoping to
have an opportunity to spend 30 minutes with you in the next few weeks to
describe in person what we're all about.  And to be clear, we're not
looking
for Enron money, we are raising money from private individuals.  We've
already met with Jay Fitzgerald and Steve Horn to establish the
Enron/Genesis business relationship.

I also wanted to get your views on Enron's approach to oil trading and
whether the Vitol Group presented an opportunity.  Frankly, I think Vitol
is
an excellent acquisition target although the success they've enjoyed in the
last year or two will make it a bit more difficult.  They have an
unbelievable franchise, but they also have some fundamental weaknesses
which
could be exploited to Enron's benefit.  I'm shooting in the dark here but
hopefully it's worth some discussion.

If you can free some time during this busy holiday period to meet, it would
be greatly appreciated.  Paul and I could come to your office, or possibly
you could come to our "offices" over on Hermann Park.  We're buying 17
acres
on Hermann Park adjacent to the Park Lane Towers which we plan to develop
into a technology park.  For the time being, we are officing in a high tech
shed on the property!

Please let me know.  Thanks/Neil.


Kay:

The deal is for all four units at $16.45 million each. I will talk to Lee
Johnson this morning. Part of the deal will involve us purchasing 4
additional units from GE for a late '01 delivery.

I'll call you after I talk to Lee.

Regards,

Ben

Kay Mann@ENRON
02/26/2001 06:15 PM
To: Fred Mitro/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron
Subject: Re: Panda Energy

Fred,

Dale Rasmussen has been handling the breakout contracts for the LV CoGen
project, and I think the form is in good shape. However, the breakout
contract is for all the LV Co Gen units, but that is easy enough to fix. Does
GE know this is coming?

What are you projecting for a closing date?

 We need the unit numbers (original and serial), associated delivery dates,
price attributable to the units (maximum liability amount), price to sell the
LLC member interests, and the contact persons from Panda for the contract.
Will there be a development fee, and if so, how much?

If you get me the particulars of the deal we can work on it in house.  We
have the forms, so we can get cracking without outside counsel.  In fact,
I've been working on the form letter agreement today in connection with the
other deal.  Retaining outside counsel requires internal approval, which I'm
sure we can get in the next day or two, assuming no conflict of interest. I
can get started on the process if you are ready.

If you think these guys are serious, we can set up the LLC's.  We may want
two LLC's if the total price is in excess of $50mm.  Kathleen, please talk to
me before we do this as I think we should discuss the slate of officers.

Kay

Fred Mitro@ECT
02/26/2001 05:56 PM
To: Stephen Thome/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron

Subject: Panda Energy

Steve:

I talked with Ben this afternoon and understand that we are ready to proceed
with Panda Energy in a transaction involving the sale of member interests in
special purpose entities associated with the four(4) LV units.  I have left a
message with Panda letting them know that we are prepared to proceed and will
begin preparing a set of draft definitive agreements for their review.  I
have asked Panda to confirm that they are ready to receive these documents
and proceed.  I understand that you are in Houston.  Please call/see me
tomorrow morning so that we can discuss this transaction.

Kay:  We need to prepare a draft set of definitive agreements for this
transaction.  Can Carolyn complete this while you are in New York?  Also,
what is the status of the LM Breakout contract for the 4 LV units.  Let me
know.

Kathleen:  We need to confirm tomorrow morning that we have received executed
CA's from Panda.  I have the CA execution originals for the four Panda
entities at my desk for Ben's signature.  These need to be received prior to
sending Panda the definitive agreements.  We will fax signature pages to Ben
tomorrow.

Chris:  See me tomorrow morning to discuss the technical spec's that were
sent to Panda

I will be at my desk by 8 am tomorrow morning.

Thanks,
Fred
x35406


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---------------------- Forwarded by Chris H Foster/HOU/ECT on 01/29/2001
04:58 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Steven Kelly" <steven@iepa.com>                           01/29/2001
03:53 PM

To: "Sue Mara (E-mail)" <smara@ect.enron.com>, <cfoster@enron.com>
cc:
Subject: FW: QF Principles

FYI.

-----Original Message-----
From: Ann MacLeod [mailto:AMacLeod@SF.WHITECASE.COM]
Sent: Monday, January 29, 2001 9:54 AM
To: runwithmee@aol.com; dkk@eslawfirm.com; smutny@iepa.com;
steven@iepa.com
Cc: Joseph Karp
Subject: QF Principles

Jerry asked that I forward this to you.  He's in Sacramento today and
available on his cell phone; Joe and I are in the office, if you need to
discuss.

Ann MacLeod
White & Case LLP
Two Embarcadero Center, Suite 650
San Francisco, CA 94111
Direct dial phone: (415) 544-1102
Main office phone: (415) 544-1100
Fax: (415) 544-0202
email: amacleod@whitecase.com

This communication may be privileged and confidential and is intended only
for the individual or entity named above and others who have been
specifically authorized to receive it.  If you are not the intended
recipient, please do not read, copy, use or disclose this communication to
others; also, please notify the sender by replying to this e-mail or by
telephone at (415) 544-1100, and then delete the e-mail and any copies of
it.

 - edisonprinciples.doc


I have contacted HR and the changes were made on Friday.  Please make sure
that the system reflects John Lavorato's Houston number and that his Canada
number is not dialed.

Call me if you have questions at 713-853-0681.

Kim Hillis

Tycie Magee

06/09/2000 04:03 PM

To: John J Lavorato/Corp/Enron@Enron, Shemeika Scroggins/Corp/Enron@ENRON,
David Dye/HOU/EES@EES, Carlos Vicens/Enron Communications@Enron
Communications, Keith Couch/Corp/Enron@Enron, Martin
Sonesson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stacy Walker/Enron
Communications@Enron Communications, Dan Masters/HOU/ECT@ECT, Oscar
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Donna
Wackerle/Corp/Enron@Enron, Kelly Kimberly/Enron Communications@Enron
Communications, Tracee Bersani/HOU/ECT@ECT, Richard
Macwithey/OTS/Enron@ENRON, Jeanette Salinas/HOU/ECT@ECT, Trey
Cash/Corp/Enron@Enron, Rosario Boling/Corp/Enron@ENRON, Rebecca
Serwin/Corp/Enron@Enron, Jeff Forbis/HOU/EES@EES
cc:

Subject: FYI: Palance system updates

Please contact HR with your correct information.  Even if we make corrections
in Parlance, HR's information will override our corrections.  If you have any
questions, please give me a call.

Tycie Magee
Telephony Services
x3-5020


Every year, a holiday gift is sent from the Executive Committee and is
normally a donation to a charity of Enron's choice.  This year, we have tried
a different approach. Elyse Kalmans and Kathy Mayfield from Community
Relations recommended an on-line service called Chairtygift.com.  Each
recipient can select the charity of their choice from many hundreds in the
United States.  Should they choose to not go on-line and select a charity,
the amount of that person's gift will default to DePelchin.  Kathy is
receiving thank you notes by e-mail so I wanted to share with you.

Rosie
---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 12/12/2000
02:04 PM ---------------------------

Kathy Mayfield
12/12/2000 11:01 AM

To: Rosalee Fleming/Corp/Enron@ENRON
cc:
Subject: Thank you for the Charitygift

I have received two other thank you notes for the Charitygifts.  Upon
redemption, there is a place for recipients to send a thank you via email and
currently I am set up as the person to receive them.  Is that ok?  I don't
mind and can forward them to you as I get them or save them and get them to
you all at once.  It's great feedback and I think Ken would enjoy seeing
their responses.  It seems as though people are enjoying getting them and
being able to choose one of their favorite charities.  Let me know what you
think.  I am also drafting a letter to go to DePelchin letting them know that
we are doing this.  Would you like for it to come from Ken?  Thanks, Kathy

---------------------- Forwarded by Kathy Mayfield/Corp/Enron on 12/12/2000
10:27 AM ---------------------------

Kewp76@aol.com on 12/11/2000 07:51:30 PM
To: kathy.mayfield@enron.com
cc:

Subject: Thank you for the Charitygift

Kathy,
Eileen and I were most pleased to have the opportunity to donate to Southern
Tier (NY) Hospice Corporation via the Charity Gift Card that Enron Executive
Committee sent us.  Enron displays uncommon leadership in humanitarian
activities as well as the business world.  Our thanks go to Ken and the
Executive Committee.
Very truly yours,
Buddy and Eileen Leech


Yes I told Steve.  Your stretch number keeps growing.
You may need to take an evening job to cover all the stretch he has assigned you.

I will be attending a TW imbalance meeting on Thursday morning faciliated by Market
Services.  Dan Fancler has also been invited along with Kim Watson, Michelle Lokay
& T.K.

Have a good evening!

Jan

-----Original Message-----
From: Geaccone, Tracy
Sent: Tuesday, November 27, 2001 4:49 PM
To: Moore, Jan
Subject: Re: TW imbal revaluation

Ok.  Did you tell Steve?  I Guess that's additive to my stretch?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Payment Guaranty Agreement for PSNC

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


Neither ECT/ECM employees nor family members or others living in their
household or financially dependent on the ECT/ECM employee may purchase or
sell securities of any entity (or derivatives thereof) listed on the
Restricted List for your or their personal or related accounts or recommend
the purchase or sale of such securities to any person, except with the prior
approval of the Compliance Department in consultation with the ECT Legal
Department.

In addition to the trading restrictions above, should you at any time possess
non-public material information about any public company, you, your family
members and anybody that is financially dependent on you, are restricted from
trading in that issue, and you may not disclose the non-public material
information to anyone that does not have a business need to know.

Company Name Stock Symbol

Adrian Resources
Beau Canada Exploration Ltd BAU CN
Belco Oil & Gas Corporation BOG
Bonus Resource Services Corp BOU
Brigham Exploration BEXP
CanFibre Group Ltd. CFGL
Carrizo Oil & Gas Inc. CRZO
Costilla Energy COSE
Crown Energy CROE
Cypress Energy CYZ
Esenjay Exploration ESNJ
Hanover Compressor Co. HC
ICE Drilling Enterprises Inc. IDF
Industrial Holdings, Inc. IHII
Inland Resources, Inc. INLN
Kafus Environmental Industries, Inc. KS
Nakornthai Strip Mill Public Co Ltd NSM SET
Paladin Resources PLC PLR LD
Paradigm Geophysical PGEOF
Place Resources, Inc. PLG CN
Quanta Services Inc. PWR
Queen Sand Resources, Inc. QSRI
Quicksilver Resources Inc. KWK
Repap Enterprises, Inc. RPP & RPAPF
Repap New Brunswick, Inc.
Rhythms Netconnection Inc. RTHM
Saxon Petroleum, Inc. SXN CN
Sheridan Energy, Inc. SHDN
Steel Dynamics STLD
Startech SEH CN
Syntroleum Corp. SYNM
Tejon Ranch Corp. TRC
Titan Exploration TEXP
TransCoastal Marine Services, Inc. TCMS
Zargon Oil & Gas ZAR CN

The Restricted List is solely for the internal use of ECT/ECM.  No one may
engage in discussions regarding whether a security is or is not on the
Restricted List with persons outside ECT/ECM without specific clearance from
the Compliance Department in consultation with the ECT Legal Department.

In addition to the above, you are reminded that pursuant to Enron Corp.'s
Risk Management Policy ("Policy"), no ECT/ECM employee may engage in the
trading of any "Position"  ("Position" means any  commodity, financial
instrument, security, equity, financial asset or liability that are
authorized for trading in the Policy for the benefit of any party other than
ECT/ECM, whether for his/her own account or the account of any third party,
where such Position relates to (i) any commodity,  financial instrument,
security, equity, financial asset or liability which falls within such
employee's responsibility at ECT/ECM or (ii) any energy commodity.

The prohibitions listed above do not replace or modify the policies set forth
in ECT's Policies and Procedures Regarding Confidential Information and
Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s
Conduct of Business Affairs.  Should you have any questions regarding the
above, please contact me at ext. 31939.


I see the deal showing a price of $119.76, which matches the sheet for 4/9.
I'm sending you the sheet I'm looking at in case you don't have the latest
version. Please let me know if you still don't see the correct price.

Thanks,
Kate

Judy Dyer@EES
04/18/2001 10:37 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 573612.1

This deal should be $119.76 according to your spead sheet I received for
04/08/01.  You are showing $109.76.

Thanks for your help

Judy


John and Terry, could you check into having a Business Objects report done for all groupings with
	the following information.

		Previous Cyclce Nomination	Current Nomination	Confirmation	Schedule

	Confirmation piece is not critical if that prolongs getting the report.

	The reason for the report  - Gas Control needs to know what changes have taken place and
	this will prevent the teams from doing a manual report.

	If we already have access to something similar to this, let me know.  I would like to be
	able run this report during cycle.  (I think I am probably asking for the moon), but that
	would be the best time for Gas Control.

	Thanks. Lynn


Larrry,

I realize you are disappointed about the project.  It is not my desire for
you to be left with out of pocket expenses.  The only item from your list
that I need further
clarification is the $15,000 worth of extensions.  You mentioned that this
was applied to the cost of the land and it actually represents your cash
investment in the land.  I agree that you should be refunded any cash
investment.  My only request is that you help me locate this amount on the
closing statement or on some other document.

Phillip


Nicole Mendez


The report named: Power/Gas Heat Rates <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=21&report_name=Power/Gas+Heat+Rates&category_cd=5&category_name=EAST&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/19/2001>, published as of 10/19/2001 is now available for viewing on the website.


---------------------- Forwarded by Keith Miceli/Corp/Enron on 06/05/2000
12:43 PM ---------------------------

Keith Miceli
06/05/2000 09:52 AM
To: Diomedes Christodoulou/SA/Enron@Enron, J Mark Metts/NA/Enron@Enron@ECT,
Mark Palmer/Corp/Enron@ENRON
cc:

Subject: Communication Plan Preparatons

Gentlemen:  The California Project is now moving from phase I into phases II
with respect to commuication/PR activities:

Phase I--No major leak/"no comment policy".  The only communications
responses (ESA Employee Memo, Employee Q&As for Elektro and Cuiaba, and
Q&Asfor vaious stakeholders) required to date were prompted by the TV (Bom
Dia) news story and Gazeta Mercantil article.

Phase II--Major leak requiring disclosure.  While prospective buyers have
signed CAs, there's always the possibility that news of the Project and/or
elements from the IM could be leaked--either inadvertently or by design.
While this scenario is unlikely, we need to be prepared to respond before
there is an actual sale of assets.  A draft press release has been prepared
for Ken Lay, confirming that Enron is considering the sale of its assets in
South America.  There is also a set of generic Q&As, which is being expanded
to include stakeholder-specific Q&As.  The ESA Employee Memo (May 8) is also
being modified.

Phase III--With the IM out, CAs signed and data rooms open, we should begin
to implement parts of the Communication Rollout Plan to demonstrate the
strength/success of the business strategy, limit speculation and provide
greater sense of certainty to important stakeholders.  The activities that we
can undertake now, include:

? Contact lists--Develop comprehensive contact lists of all
audiences/stakeholders.  Include names, addresses, phone, fax,, and email.
Put into Excel format.  Identify who internally "owns" each list.

? Speaking platforms--Develop list of speaking opportunities to introduce
Enron's business model and announce our regional strategy.

? Audience communications map*Develop a matrix that details the specific
communications strategy for key stakeholder audiences.  It should cover:
? *Timing: when should this audience be communicated with, e.g., before
public announcement, simultaneous with public, etc.
? *Form: what form should the communication take, e.g., written,
face-to-face, e-mail, conference call, employee meetings, etc.
? *Content: what is the message to be delivered
? *Responsibility:who,s responsible for creating communication; who within
company will deliver communication

? Communications training/message delivery preparation -- Key company
spokespeople need to be prepared to delivery the strategic messages regarding
transactions, but also to deftly handle difficult questions from employees,
analysts, customers and the media regarding the company's ultimate plans for
the region.  It will be essential that all spokespeople are delivering the
same message and are well prepared for difficult situations.

? Fact sheets on individual assets ) The information can be pulled from the
IM.  Developing fact sheets on each asset will enable them to be packaged in
any combination-- depending on the ultimate transaction.

? Vision piece*The existing white paper on company strategy would be revised
to  explain the rationale behind the strategy, future expectations for the
region, and intentions regarding employees and customers.

? Press kit shell:
*Press release ) can be drafted with blanks for key details
*Fact sheet on deal (template) ) assets involved; background on buyer/seller;
costs and sales terms; employees; customer base; revenue
*Asset fact sheets (see above)
*Vision (see above)
*Information buyer
*Information on Enron/ESA

? Q&A ) There are certain questions that will need to be answered regardless
of the situation; a master set of Q&A can be developed and then be broken up
and used as needed depending upon situation and audience.

Employee Issues
What happens to employees?
Will employees lose their jobs?  If so, how many?
What if I don,t want to work under the new owner?
What role will Jim and Diomedes play following sale?

Customer & Business Partner Issues
How will customers be affected by transaction?
How will ESA business partners be affected?
Do business partners have any say in whether transaction should go forward?

Approval Process
Who has to approve the sale?
What is the regulatory/approval process?  How long will this take?

Enron and ESA Strategy
What happens to ESA?
What business will you be in, in South America?
Will Enron repeat this process in other parts of the world?
What happens if not all of ESA assets are sold?

Financial Implications
What is the total anticipated price for all of the assets?
How much of company,s holdings does this represent?
What is the impact on shareholders?
How will the money be reinvested?

I would appreciate feedback on the proposed workplan, so I can make the
appropriate changes and begin completing the above tasks.  Diomedes, I know
that you and Mark are super busy, but I,m available to meet with you at your
convenience.  It would also be extremely valuable for me to reinitiate the TA
support from Sue Garman.  I,ve kept her posted on developments, so she,s
prepared to &hit the ground running.8   Lastly, Mark, with so many of the
rollout activities involving HQ, I would like a chance to discuss how to
organize a team effort to accomplish the many and varied activities.

Regards, Keith


Hello from Texas.  It's probably been about six years since we last spoke but
I thought I'd drop you a line to see how you were doing.  I saw Pete Datos
for brunch when I was in town a couple of years ago and he seemed to be fine
but I have been very bad about staying in touch with people.  Ted Bockius & I
are still together - he works at an internet start-up company doing their
public relations work.  I'm still a corporate lawyer at Enron working on
financial contracts and e-commerce stuff.  I get to nyc 3 or 4 times a year
so we should get together for a drink or a meal some time and catch up.

Hope you are well.

Mark


Attached is a 3 page summary of the Columbia consent agreement with FERC
enforcement wherein Columbia agrees to refund $27.5 million to customers
related to imbalance transactions.

Also attached is a copy of the order (warning - it's about 50 pages long)


To celebrate Continental Airlines' new service to Hong Kong (a city known for
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Steve Kean and I believe quite strongly, within a four peer group structure,  that we need to allocate somewhere between 30 and 50 percent of Gov't./ public  Affairs out of commercial support into specialized technical- there is a clear divide between individuals in the Gov't/public  Affairs groups  who are managing significant risk for the company and having a significant and  direct impact on commercial activities/ net income( these individuals should be moved to specialized technical)....and others who are performing a less strategic function( who should remain in the commercial support category). With that said, it is probably not necessary to undertake this effort for  mid-year PRC purposes since we are probably moving to a three peer stucture where that split could be achieved (for year-end purposes where the compensation impact would be felt). If we stay with the four group stucture, I intend to push hard for the remapping of Gov't Affairs by year-end.
    On a completely seperate issue, I continue to be  very concerned about the impact of the "preferred" distribution  relative to the bottom category for " commercial support" groups(I'm not implying this is'nt an issue for commercial groups- I just don't have the same ability to assess the impact there)....the concern, simply stated,  is that  it may be entirely  counterproductive to force individuals who are not performance problems  into a category that has significant implications for their careers here at Enron, particularly after going thru the past year where many of the non-performers in my group and others  were moved out of the company- the replacement costs for moving good performers out of the company for the sake of a "preferred" distribution are quite high...and that is even before you begin  to assess the incalcuable damage to morale that will invariably occour.
       Thanks.

	Enron Energy Services  From:  David W Delainey @ EES                           05/10/2001 10:26 AM

Sent by:	Kay Chapman@EES
To:	David W Delainey/HOU/EES, Philippe A Bibi/HOU/ECT, Tim Belden/HOU/ECT, Raymond Bowen/HOU/ECT, Michael R Brown/LON/ECT@ECT, Rick Buy/Enron@EnronXGate, Wes Colwell/Enron@EnronXGate, David Cox/Enron Communications@Enron Communications, Janet R Dietrich/HOU/EES@EES, W David Duran/HOU/ECT@ECT, Jim Fallon/Enron Communications@Enron Communications, Ben Glisan/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, James A Hughes/ENRON_DEVELOPMENT, Louise Kitchen/HOU/ECT@ECT, Michael Kopper/HOU/ECT@ECT, John J Lavorato/Corp/Enron, Dan Leff/HOU/EES@EES, Jeffrey McMahon/Enron@EnronXGate, Rob Milnthorp/CAL/ECT@ECT, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A Shankman/HOU/ECT, Richard Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES
cc:	Kenneth Lay/Corp/Enron@ENRON, Cliff Baxter/HOU/ECT, James Derrick/Corp/Enron, Ken Rice/Enron Communications@Enron Communications, Steven J Kean/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Stanley Horton/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Richard Causey/Corp/Enron@ENRON, Kevin Hannon/Enron Communications@Enron Communications, Andrew S Fastow/HOU/ECT, Mark Frevert/NA/Enron, Lou L Pai/HOU/EES@EES, David Oxley/HOU/ECT, Drew C Lynch/LON/ECT@ECT, Robert W Jones/Enron@EnronXGate, Mary Joyce/Enron@EnronXGate, Marla Barnard/Enron Communications@Enron Communications, Kalen Pieper/HOU/EES@EES, Gary P Smith/OTS/Enron@ENRON, Cindy Skinner/HOU/ECT, Andrea Yowman/Corp/Enron@ENRON, Cindy Olson/Corp/Enron@ENRON, Gina Corteselli/Corp/Enron, Elspeth Inglis/Corp/Enron

Subject:	PEER GROUP MAPPING

Following my note last week please find attached the consolidated peer group mapping for all business units. This mapping is intended to illustrate from a functional view point where each activity was placed at Year End 2000 VP PRC.

We were considering moving to a 3 Peer Group Structure however it as agreed at the last PRC Committee Meeting  to stay with the current structure since the data had been cleaned and everyone felt generally comfortable where most activities had been placed with the exception of just  2 or 3. It was agreed that we should concentrate on resolving these rather than undertaking an organization wide remapping excercise to consolidate to 3 Peer Groups. All functions/activities within the business units should now be reflected on the acttached.

The actions points from this excercise are:

1	to review and agree the attached mapping

2    consider and comment on highlighted groups that we have discussed in previous PRC meetings and ask for your comments or objections to moving them 	as indicated on the attachment.

3	invite your comments or questions on any other function that you consider questionable or requiring further explanation.

      Please return your comments to David Oxley by Friday May 25.

      To have this discussion now will save lengthy discussions in the final VP/MD PRC Meetings.  Definitions of the peer groups are also attached for your ease of
      reference.


Vanessa, Jeff is planning to attend.

Thanks,
Joannie

	From:  Vanessa Groscrand                           03/21/2001 04:44 PM

To: Cliff Baxter/HOU/ECT, Richard Causey/Corp/Enron@ENRON, James
Derrick/Corp/Enron, Andrew S Fastow/HOU/ECT, Steven J Kean/NA/Enron@Enron,
Kenneth Lay/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Jeff
Skilling/Corp/Enron@ENRON, Mark Frevert/NA/Enron, John Sherriff/LON/ECT@ECT,
Greg Whalley/HOU/ECT@ECT, David W Delainey/HOU/EES@EES, Kevin Hannon/Enron
Communications@Enron Communications, Ken Rice/Enron Communications@Enron
Communications, Stan Horton/Houston/Eott@Eott
cc: Susan Skarness/HOU/ECT, Sharron Westbrook/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT, Maureen McVicker/NA/Enron@Enron, Rosalee
Fleming/Corp/Enron@ENRON, Karen Owens/HOU/EES@EES, Sherri
Sera/Corp/Enron@ENRON, Nicki Daw/NA/Enron, Lauren Urquhart/LON/ECT@ECT, Liz M
Taylor/HOU/ECT@ECT, Kay Chapman/HOU/EES@EES, CAROL BROWN/ENRON@enronxgate,
Dorothy Dalton/Enron Communications@Enron Communications, Cindy
Stark/Corp/Enron@ENRON

Subject: Enron Advisory Council

SAVE THE DATE

The Enron Advisory Council meeting is scheduled in Houston on April 10-11,
2001.  On Tuesday, April 10 a dinner meeting is scheduled at the Four Seasons
in the Whitney Room (2nd Floor) beginning at 6:00 p.m.

On Wednesday, April 11 the Advisory Council will meet from 8:00 a.m. - 4:00
p.m.  in the Enron Boardroom.   You will receive a detailed agenda prior to
the meeting.

Please let me know if you plan to attend.

Thanks,

Vanessa


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EEI Associate Members: $1495
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RTO Summaries: The January Filings, Comments and Answers
Item # 13-01-05-009
EEI Utility Members:$1295
EEI Associate Members: $1495
List Price: $1695

Save $500 and have access to both October and January!

RTO Summaries: The October and January Filings, Comments and Answers
Item # 13-01-06-009
EEI Utility Members:$2090
EEI Associate Members: $2490
List Price: $2890

(Government discounts available. Call for details)

We hope you found this message useful. However, if you'd rather not receive
future e-mails of this sort from EEI, please send a message to
catalog@eei.org.

 - rto_summaries.htm


Dan,

Per the request of Jay Williams, attached please find a credit worksheet for
a draft Enfolio Master Firm Purchase and Sale Agreement between ENA and
Sacramento Municipal Utility District.  Please note that there are tiered
collateral threshold and third-party cross default matrices.  Additionally,
the attachment contains a second sheet elaborating on the Enron Corp.
guaranty amount as well as a Compliance Letter as an additional CP Event of
Default.

Shari Stack is working on the draft EEI Master Power agreement as well as the
ISDA Master Swap agreement.  Please contact Shari Stack should you need
clarification to the legal terms in the contract in order to ensure
consistency across all three trading agreements.

I am also available should you have any questions pertaining to credit.

Regards,
Tracy
503-464-8755


---------------------- Forwarded by Randall L Gay/HOU/ECT on 12/15/99 08:52
AM ---------------------------

	Enron North America Corp.

	From:  Rebecca W Cantrell                           12/14/99 05:07 PM

To: Julie A Gomez/HOU/ECT@ECT, Chris Meyer/HOU/ECT@ECT, Ruth
Concannon/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Theresa
Branney/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Jane M Tholt/HOU/ECT@ECT,
Mike Grigsby/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, George Smith/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cary M
Carrabine/HOU/ECT@ECT, Ray Hamman/HOU/EES@EES, Katherine L Kelly/HOU/ECT@ECT,
Robert Superty/HOU/ECT@ECT, Laura Luce/HOU/ECT@ECT, Steve Morse/HOU/ECT@ECT,
Scotty Gilbert/HOU/ECT@ECT, Cary M Carrabine/HOU/ECT@ECT, Edward
Terry/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Robert Shiring/HOU/ECT@ECT, Tori
Kuykendall/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Barend
VanderHorst/HOU/EES@EES, Brenda H Fletcher/HOU/ECT@ECT, Jeff
Coates/HOU/ECT@ECT
cc:
Subject: A Reminder -- 2000 GRI Surcharges

Effective 1/1/00............

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/14/99
05:03 PM ---------------------------

	Enron North America Corp.

	From:  Rebecca W Cantrell                           11/10/99 05:39 PM

To: Julie A Gomez/HOU/ECT@ECT, Chris Meyer/HOU/ECT@ECT, Ruth
Concannon/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Theresa
Branney/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Jane M Tholt/HOU/ECT@ECT,
Mike Grigsby/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, George Smith/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cary M
Carrabine/HOU/ECT@ECT, Ray Hamman/HOU/EES@EES, Michael H Garred/HOU/EES@EES,
Katherine L Kelly/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Laura
Luce/HOU/ECT@ECT, Steve Morse/HOU/ECT@ECT, Scotty Gilbert/HOU/ECT@ECT, Cary M
Carrabine/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Robert Shiring/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Mary
Solmonson/HOU/ECT@ECT, Terri Walker/OTS/Enron@ENRON
cc:
Subject: 2000 GRI Surcharges

Just a reminder that the GRI surcharges will go down for all member pipelines
a bit effective 1/1/99, per the Settlement approved by FERC in April, 1998.
Here are the rates through 2004:

Rates (cents per Dth)
	1999
		2000
			2001
				2001
					2003
						2004
Commodity	0.75	0.72	0.7	0.5	0.4	0.0
High Demand*	23.0	20.0	9.0	6.0	5.0	0.0
Low Demand*	14.2	12.3	5.5	3.7	3.1	0.0
Small Customer	1.8	1.6	1.1	0.8	0.6	0.0

*refers to high load factor or low load factor customers.


Angelica lacks an undergraduate degree.

	From:  Nedre Strambler                           04/12/2000 06:19 PM

To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: FW: Job #78728

Please review and let me know what you think.
---------------------- Forwarded by Nedre Strambler/HOU/ECT on 04/12/2000
07:18 PM ---------------------------

Angelica Soliz <Angelica.Soliz@Halliburton.com> on 04/12/2000 04:26:27 PM
To: "'nedre.strambler@enron.com'" <nedre.strambler@enron.com>
cc:
Subject: FW: Job #78728

April 12, 2000

Dear Ms. Strambler,

I am just following up on this job (number referenced above).  Please advise
if this position is still open.  Any information you can provide would be
greatly appreciated.

Thanks and regards,

Angelica Soliz

> -----Original Message-----
> From: Angelica Soliz
> Sent: Tuesday, March 21, 2000 11:10 AM
> To: 'nedre.strambler@enron.com'
> Subject: Job #78728
>
> March 21, 2000
>
> Dear Ms. Strambler,
>
> I want to convey my sincere interest in joining Enron as a legal
> specialist.  I feel uniquely qualified in that the work tasks and
> responsibilities I currently perform are almost identical  to your needs.
> I am confident that with my industry knowledge, skills and experience, I
> will be a great asset to Enron's Legal department.  I would welcome the
> chance to demonstrate my abilities.
>
> Sincerely,
>
> Angelica Soliz
>
>  <<Soliz Resume.doc>>
>
>

 - Soliz Resume.doc


Guys, can you come explain some of this to me including where we stand on the
GE issues.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/05/2000
10:12 AM ---------------------------

"Churbuck" <Churbuck@bellsouth.net> on 12/05/2000 09:17:24 AM
To: <david.w.delainey@enron.com>
cc: "Mike J Miller" <Mike.J.Miller@enron.com>, "Michael L Miller"
<Michael.L.Miller@enron.com>
Subject: FW: PSM Purchase Agreement

Dave - Attached are (2) documents relating to the Calpine acquisition of
PSM. The draft stock purchase agreement and the Enron termination document.
I plan on closing Friday the 8th and would appreciate the warrant
termination agreement to be executed by tomorrow to avoid delays in closing.
I will fax a copy of the warrant agreement on PSM letterhead later this
morning. I appreciate all of your support and look forward to our further
successes with Amp's. I will be in my office later this morning. Please keep
information concerning our transaction Highly confidential.

Best Regards,

Tom Churbuck

Office : 561-347-2408
Cell:  : 561-213-5161

-----Original Message-----
From: Ambari Prakash [mailto:aprakash@thelenreid.com]
Sent: Monday, December 04, 2000 9:04 PM
To: tchurbuck@powermfg.com; vwesterhaus@shb.com; wpgarrett@yahoo.com
Cc: dougw@calpine.com; jregnery@calpine.com; richardz@calpine.com;
Ronf@calpine.com; Deborah DeMasi
Subject: PSM Purchase Agreement

> ----------
> From:  Ambari Prakash[SMTP:APRAKASH@THELENREID.COM]
> Sent:  Monday, December 04, 2000 9:03:57 PM
> To:  tchurbuck@powermfg.com; vwesterhaus@shb.com; wpgarrett@yahoo.com
> Cc:  dougw@calpine.com; jregnery@calpine.com; richardz@calpine.com;
Ronf@calpine.com; Deborah DeMasi
> Subject:  PSM Purchase Agreement
> Auto forwarded by a Rule
>
========================================
WARNING!  This electronic mail transmission is intended only for the
addressee.  It contains information from the law firm of Thelen Reid &
Priest LLP which may be privileged, confidential and exempt from disclosure
under applicable law.  Dissemination, distribution, or copying of this by
anyone other than the addressee or the addressee's agent is strictly
prohibited.  If this electronic mail transmission is received in error,
please notify Thelen Reid & Priest LLP immediately at 213-621-9800 (Los
Angeles), 212-603-2000 (New York), 415-371-1200 (San Francisco, SOMA),
415-538-9000 (San Francisco, South Park), 408-292-5800 (Silicon Valley),
202-508-4000 (Washington, DC) or 973-644-3400 (Morristown, NJ).
========================================

 Please find attached a revised draft of the Calpine-PSM Mfg. Purchase
Agreement, marked to show changes from the 11/20 draft.

In the interests of time, this draft is being circulated simultaneoulsy to
Calpine for review, and remains subject to further revisions.

Best regards,

Ambari Prakash
Thelen Reid & Priest
Washington, DC 20004

Main Tel:  202-508-4000
Dir. Dial:   202-508-4021
Fascimile: 202-508-4321
aprakash@thelenreid.com
www.thelenreid.com

 - 24_QRED.DOC
 - WarrantT.DOC


-----Original Message-----
From: collons@pjm.com [mailto:collons@pjm.com]
Sent: Thursday, September 06, 2001 9:47 AM
To: pjm-media@risc1.pjm.com
Subject: pjm-media PJM News Release - September 6, 2001

The following message has been posted to the
PJM Media Mailing List (pjm-media):

Below is a news release issued this morning.  PJM announced a partnership with
Comverge Technologies and a program that provides small energy producers a
low-cost, wireless connection to PJM's information systems.

Contact : PJM News, toll free at			Contact: Joseph J.
Leccese
866-PJM-NEWS (756-6397)				Comverge Technologies, Inc.
or 610-666-2200					973-360-2220

For Immediate Release
WIRELESS TECHNOLOGY ALLOWS SMALL
ENERGY PRODUCERS NEW METERING OPTION

(Valley Forge, PA - September 6, 2001) - PJM Interconnection, L.L.C.,
administrator of the world's largest competitive wholesale energy market and
operator of the electric grid for the mid-Atlantic region, and Comverge
Technologies, a global data communications company, today announced a program
that provides small energy producers a low-cost, secure wireless connection to
PJM's information systems.

PJM and Comverge Technologies have formed a partnership to create systems to
allow direct communication of metered information from small energy producers
(100KW to 10MW) using wireless cellular technology. These energy producers,
which include renewable sources such as windmill, solar and small hydro
facilities, may not have been able to fully participate in PJM's markets because
of the capital equipment costs and investment in communications infrastructure.
In addition to the lower costs, small energy producers will benefit from the
"instant-on" capabilities of the wireless communications network that allows for
rapid deployment of new customer connections.

 "PJM's partnership with Comverge Technologies supports our goal to continually
strengthen our technological capabilities so we can offer more choices to our
market participants," said Phillip G. Harris, PJM President and Chief Executive
Officer.  "This program will allow for greater participation in the mid-Atlantic
region's energy market."

"PJM's commitment to increasing reliability and advancing technical solutions
such as the Comverge Distributed Connection for distributed generation
monitoring and dispatch is critical to advancing in the changing energy
marketplace," said Frank Magnotti, Comverge President.

The technology consists of interfacing the customers' revenue meter at the
customers' site with the Comverge Distributed Communications device
communicating over a cellular network, then securely through the Internet into
the master supervisory control and data acquisition system at PJM. Some of the
benefits for the user include: non-proprietary hardware/software interfaces;
industry standard protocols; economic equipment and communications costs;
multiple suppliers for customer equipment; rapid deployment; and modular
approach. The technology allows PJM to communicate with a broad range of
external customers and combine the acquisition of real time and revenue
information into one system. In short, the program simplifies the complex task
of interfacing to external customer equipment.

PJM, the country's only fully functioning regional transmission organization,
operates the world's largest competitive wholesale electricity market and one of
North America's largest power grids. The company currently coordinates a pooled
generating capacity of more than 58,000 megawatts and operates a wholesale
electricity market with more than 200 market buyers, sellers and traders of
electricity. PJM has administered more than $5 billion in energy and energy
service trades since the regional markets opened in 1997. More than 70 nations
have sent delegates to PJM to learn about the market model and the operation of
the grid in the mid-Atlantic states. Visit PJM at www.pjm.com.

Comverge Technologies, a subsidiary of Data Systems & Software Inc.
(NASDAQ:DSSI), is the "new power in power technologies" providing over 5000 MW
of peak load reduction to over 450 energy companies worldwide. Comverge provides
end-to-end, two-way communication solutions including automated meter reading,
utility and/or customer controlled appliance cycling, outage detection, load
profiling, home automation, environmental monitoring and distributed generation
monitoring. Comverge is headquartered in Florham Park, NJ, with offices,
research facilities, representatives and agents around the world. For more
information visit Comverge's website at www.comverge-tech.com. In addition to
the energy product solutions business conducted through Comverge, DSSI is a
provider of computer consulting and development services, and is an authorized
direct seller and value added reseller of computer hardware.

# # #

Opinions expressed in this e-mail are those of the originating
sender, not those of the PJM Interconnection, L.L.C.

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

To unsubscribe from this list, send an e-mail to
majordomo@majordomo.pjm.com
containing only the following line in the body of the e-mail:

unsubscribe pjm-media


Think you're really funny?  Then show us!  Enter the latest Enron Business
Top 10 contest and let us know what you think Enron's New Year's resolutions
should be.  (We'll choose ten winners, so only one resolution per person,
please.)  There may not be flashing lights and balloon drops if you win, but
you will get your name published and a $25 gift certificate to the Signature
Shop!

Enter the Enron Business Top 10 contest in the print publication or through
the online version (go to home.enron.com, click on Publications, then on
Enron Business and Volume 6, 2000).  Deadline is Friday, January 19.

Good luck!


---------------------- Forwarded by John J Lavorato/CAL/ECT on 02/18/2000
02:31 PM ---------------------------

Tim Heizenrader
02/16/2000 10:52 AM
To: John J Lavorato/CAL/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT
Subject: West Power Fundamentals Site

I've established an account for you on the West Power Fundamentals website.
The URL for the site is:
http://ectpdx-sunone.ect.enron.com/~ctatham/navsetup/index.htm

Your username is: jlavora
Your password is: calgx11

This password is different than your normal Enron NT password because of
authentication requirements of our server, and you may need to enter it 2 or
3 times per session, depending on how many areas of our site you visit. We
recommend use of Microsoft Internet Explorer 5, which contains a "remember
password" check box, to reduce typing.

Please call me at 503.464.7462 if you have any problems connecting.


Dear Sally,

Your subscription to Energy & Power Risk Management will expire this month.
The subscription cost through December, 2001, will be:

 Reg. Subscription Cost With Corp. Discount
Energy & Power Risk Management $375.00   $318.75

If you wish to renew this, we will be happy to take care of this for you.  We
would appreciate your responding by December 18th.  Please include your
Company and Cost Center numbers with your renewal.

Thank You,
Stephanie E. Taylor
eSource


FYI
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
01/02/2000 10:56 AM ---------------------------

Brent Hendry
01/02/2000 01:55 PM
To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Argentina Rules of Conduct for Marketers

Among the several notices received from the ENARGAS last week were two items
of immediate interest.  We received a notice of the Public Hearing which is
scheduled for March 7th.  This hearing though is being described as a public
hearing on the general issue of "Open Access" to distribution services
including the resulting rates for such services rather than a public hearing
on Ecogas' refusal to provide interruptible distribution services as
requested by Renault.  The LDCs and Marketers were specifically invited as
well as a number of government agencies and enduser associations but Renault
was not directly invited.  "Industrial users with a lawful interest in the
issue" were invited and this appears to be the invitation intended for
Renault.  I am not sure of the rational for this change but according to the
regulatory team we were not expecting this switch.

The second item of interest is the request for comments regarding the
establishment of "Rules of Conduct for Marketer's Activity".   Mike's summary
of the request as well as a translation of the request is set forth below.

Let me know if you need any more information.

Brent

---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
01/02/2000 10:39 AM ---------------------------

Michael Guerriero

28/01/2000 12:11 PM

To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Canovas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cristian
Folgar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike G
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roberto
Pensotti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J
Shoobridge/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriela
Aguilar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rodolfo
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marta
Ortiz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly
Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James D Steffes@EES, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Don Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Argentina Rules of Conduct for Marketers

The natural gas regulatory body of Argentina "ENARGAS" has initiated a study
of "Activities of Traders" in the natural gas sector. They are soliciting
comments of industry participants on the following specific issues and any
others deemed pertinent to be used in an analysis performed by the ENARGAS to
establish future rules and regulations governing marketers.

1 Effective competition between distcos and marketers
2 Information provided by distcos and marketers to users
3 Tools used by marketers to capture users in compliance with independence,
transparency and equity criteria
4 Types of services offered by marketers and contractual schemes used
5 Criteria for supply curtailments
6 Compliance to gas dispatch rules (ENARGAS Resolution No. 716/98),
adequately following imbalances and nominations in the transportation
systems

Worst Case: In that Enron is the only commercially active marketer in
Argentina, this study can be viewed as predatory and potentially restrictive
to our future growth potential.

Best Case: As an industry we could collectively develop beneficial rule of
conduct that will facilitate market growth, real competition, and better
market protection from dominant sector players.

Guillermo Canovas will lead the effort to develop our formal response. Please
assist by providing any supporting comments, suggestions, or information that
may be deemed useful in developing and our position.  We have to respond by
February 9th.

ENARGAS
Letter of Solicitation

MFG


Jeff:
I spoke with Derek Davies.  He claimed that he knew nothing about his request
to us not to send the Annex A letter to the latest set of Canadian
counterparties and I made him check his e-mail for the messages that I sent
him some time ago which he did.  Anyway, he had not yet spoken with these
counterparties but promised to do so.
carol


Start Date: 2/2/02; HourAhead hour: 23;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020223.txt


Just a few comments on the Text:

You may wish to specify throughout that all time references are to "GMT"
The examples given for the offline nominations procedures imply that
nominations/re-nominations made by the customer are NOT effective until Enron
has  responded affirmatively - this is not how the underlying GTC reads
(under which such customer nominations/re-nominations become effective
without subsequent Enron's "confirmation")
On the last page , I would remove the reference to a Master, since this does
not currently apply to EnBank trades
Presumably , you are not now proceeding on the basis of a separate ATA (i.e.
Auctions Trading Agreement governing EOL access)?

Otherwise, I am happy with the form of Text.

Justin

Haakon Olafsson
14/02/2000 09:38
To: David Forster/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Jonathan
Whitehead/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT

Subject: Re: revised version

Just a couple of changes form the version Dave sent out at the weekend.

Rgds.

Haakon

David Forster
12/02/2000 23:59
To: Jay Webb/HOU/ECT@ECT, Rahil Jafry/LON/ECT@ECT, Awais Omar/LON/ECT@ECT,
Paul Goddard/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Dave Samuels/LON/ECT@ECT, Haakon Olafsson/LON/ECT@ECT, Jonathan
Whitehead/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT, Amita
Gosalia/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT

Subject: Site documentation

Jay: Here is the latest site documentation and the site map. Please call me
at any time if you have questions (cell: 713 562 8678)

Awais/Rahil/Paul: If you have any comments on the text, please let me know.
Note that this text has been approved by legal (mostly) and we are short on
time, so text changes will only be made for pressing reasons.

Justin/Mark/Haakon/Jonathan: Changes from last version appear redlined.

Thanks,

Dave


>From: Southwest Airlines Vacations <especials@specials.swavacations.com>
>To: mtaylo9@LSU.EDU
>Subject: Vacation Savings
>Date: Mon, 19 Nov 2001 13:02:59 -0600
>
>Southwest Airlines Vacations weekly e-mail update
>______________________________________________________________________
>
>For updated travel information, visit
>
>http://www.swavacations.com/splash.htm
>______________________________________________________________________
>
>This week's e-mail features:
>
>I.	Las Vegas Sale
>II.	Friends Fly FREE on Complete Ski Vacations
>III.	SeaWorld Adventure Parks
>IV.	Rapid Rewards double credit
>______________________________________________________________________
>
>I.	LAS VEGAS SALE ON SALE FROM SELECT CITIES
>
>We've extended our Las Vegas Sale out of select cities.  Enjoy
>special, reduced air/hotel package prices when you travel from one of
>the following cities:
>
>Albuquerque, Burbank, El Paso, Los Angeles, Oakland, Ontario, Phoenix,
>Reno, Sacramento, Salt Lake City, San Diego, San Jose, Spokane, or
>Tucson.
>
>These special package prices are available when you purchase by
>Dec. 28, 2001, for travel Nov. 26-Dec. 22, 2001 or Jan. 5-Feb. 28,
>2002, and stay at a participating hotel.
>
>Sample two-night vacation package prices are listed below.  Sample prices
>are per person, based on double occupancy for Sun-Wed departures
>during dates listed above and include:
>
>   -Roundtrip air via Southwest Airlines
>   -Two nights hotel accommodations at Westward Ho-Rear,
>    Circus Circus Tower, or Stratosphere Casino, Hotel & Tower
>   -Hotel Taxes
>   -Rapid Rewards double credit
>   -24-Hour Traveler Assistance
>
>Origin City			               Per Person Price
>  Los Angeles, Burbank, Ontario            from $79
>  Phoenix, Tucson                          from $79
>  Reno, Salt Lake City, San Diego          from $89
>  Oakland, Sacramento, San Jose            from $99
>  Albuquerque, El Paso                     from $109
>  Spokane                                  from $149
>
>The following applies to prices listed above:
>- Prices do not include a federal excise tax of up to $3 per takeoff
>   and landing
>- Prices do not include airport taxes of up to $18 roundtrip
>- Prices quoted are examples, per person, based on double occupancy
>- Prices are valid for Sun-Wed departures during dates listed above
>   only
>- Rates may be higher for other days of the week
>- Surcharges apply to weekends, holidays, special events, and
>   convention periods
>- Rates are subject to change until purchased
>
>For complete details on this sale and to Price and Buy a
>Las Vegas vacation package from one of the origin cities listed above
>visit
>
>http://www.swavacations.com/vegas.htm
>_______________________________________________________________________
>
>II.	FRIENDS FLY FREE ON COMPLETE SKI VACATIONS
>
>Friends Fly Free on complete ski vacations to Utah, Lake Tahoe,
>New Mexico, and Durango, CO when you book by Dec. 20, 2001, for
>travel as follows:
>
>Utah:
>Valid for travel Dec. 1-Dec. 13, 2001, and Jan. 5-Jan. 31, 2002.
>
>Lake Tahoe, New Mexico, and Durango, CO:
>Valid for travel Dec. 1-Dec. 13, 2001, Jan. 5-Feb. 14, and
>Feb. 19-Feb. 28, 2002.
>
>Complete ski vacation packages include roundtrip air via Southwest
>Airlines, hotel/condo accommodations, lift ticket options,
>ground transportation options, Rapid Rewards double credit,
>and 24-hour traveler assistance.
>
>Fare does not include a federal excise tax of up to $3 per takeoff
>and landing per fare-paying Customer or airport taxes of up
>to $18 roundtrip per person.  Flight service for Durango, CO
>packages is into Albuquerque.  Flight service for Lake Tahoe
>packages is into Reno.
>
>For complete details on this special offer and to Price and Buy a
>complete ski vacation from your origin city, visit
>
>http://www.swavacations.com/friendsfly.htm
>________________________________________________________________________
>
>III.	SeaWorld Orlando and SeaWorld San Diego
>
>There's no place in the world like SeaWorld.  Where else can you
>touch and feed dolphins, count the teeth on a shark, and come
>face-to-face with a polar bear?
>
>Be sure to add SeaWorld admission tickets to your vacation package when
>your Price and Buy a Southwest Airlines Vacations package to
>Orlando or San Diego online at
>
>http://www.swavacations.com/pricebuy.htm
>_________________________________________________________________________
>
>IV.	RAPID REWARDS DOUBLE CREDIT
>
>Earning free travel just got easier because Rapid Rewards Members
>can receive double credit when they purchase a complete Southwest
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- [B] Single stock futures bill cautiously back in play --
    By Mary Haffenberg, BridgeNews
    Chicago--Dec. 5--With Congress back in session this week, discussions on

the Commodity Futures Modernization Act of 2000 are on again. But after
months of negotiations that resulted in House legislation but no Senate bill,
those

interested in the bill's passage are taking a cautious approach at its
chances of passage while Congress remains in session, even as key players
held discussions Monday.              *                    *
*
    At a meeting with Senate Banking Committee Chairman Phil Gramm, R-Texas,

House Agriculture Subcommittee Chairman Thomas Ewing, R-Ill., and
representatives of the Chicago Mercantile Exchange and the Chicago Board of
Trade on Monday in Washington, the group agreed on several points regarding
legal certainty for banking products.     Though at least one source said
that the final draft that came out on Tuesday of these agreements was the
farthest the parties have ever gotten in

terms of conceptual agreements on these issues, others warned they'd been
down a suspiciously similar path before.     Conceptual agreements on these
issues have been reached only to be
foiled when pen was put to legislative paper and the details were revealed
and the proposed legislation was deemed unpassable.
    It would be to no one's surprise if the same thing happened again.
However, even the most ardent skeptics on Tuesday couldn't explain why Gramm
has continued to discuss the bill if he had no intention of it ever passing.
    A spokeswoman for Gramm on Tuesday said that there is no time frame of
when the legislative language would appear. No further formal meetings on the
bill were scheduled on Tuesday afternoon
    In addition, as of midday Tuesday, Gramm had not contacted the U.S.
Treasury Department, sources said, which must give its blessing to the bill
if it is going to pass. In the past, Treasury and Gramm have not been able to
reach agreement on several issues regarding the regulation of banking
products. Retail protections and agency trades have been sticking points.
The bill, which passed the Housed in October in a 377-4 vote, proposes
to provide legal certainty for a variety of over-the-counter markets,
legalize single stock futures, revamp and codify the regulatory plan that
oversees
the trading of derivatives products and reauthorize the Commodity Futures
Trading Commission.
    The sticking point has been Gramm, who said that the bill will go
nowhere unless it contains provisions he thinks are necessary to exclude
banking products from the act and to keep certain types of swaps out of the
hands of

certain regulators.
    After the House bill passed, Gramm put forth 34 revisions to it. When
discussions last left off before the federal elections, Gramm and Treasury
had resolved about 15 of those issues.     "One man, Senator Gramm, is
holding up this bill," Ewing said at a press

conference last month.     Ewing, who retires from Congress at the end of
this year, has taken the lead in shepherding the bill through the House and
is now actively trying to

get it passed through the Senate.
    If agreement on legislative language is reached, the idea is that the
Senate bill could be attached to a legislative package. But early this week
there was talk of Congress passing a continuing resolution that would in
effect fund the government until next year, meaning no bills would pass until
Congress returned. End

[Begin BridgeLinks]
    Mary Haffenberg, BridgeNews, Tel: 312-454-3477
    Send comments to futures@Bridge.com
[End BridgeLinks]
    Copyright 2000 Bridge Information Systems Inc. All rights reserved.

Mary Haffenberg
Bridge News
30 S. Wacker Drive, Suite 1810 Chicago, IL 60606-7404
312-454-3477
312-454-3465 (fax)

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

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


I believe this to be true.  I spoke with the Utilicorp lawyer when I
documented the "Australian" weather trade and discussed transfer of the
weather deal to the new master. We should talk to our Aquila trader.

	Tanya Rohauer
	06/06/2000 06:50 PM

		 To: Susan Bailey/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT
		 Subject: Re: UtiliCorp United Inc.

Do we know if this is where they plan to trade weather derivatives now
(instead of Aquila Risk)?

From: Susan Bailey on 06/06/2000 06:43 PM
To: Jefferson D Sorenson/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Pamela Sonnier/HOU/ECT@ECT, Souad
Mahmassani/Corp/Enron@ENRON, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON, Jean
Bell/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, Charlie Hoang/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John
Suttle/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Kevin P Radous/Corp/Enron@Enron@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Wendi LeBrocq/Corp/Enron@Enron, Brad
Schneider/Corp/Enron@Enron, Edward Sacks/Corp/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Jason
Peters/Corp/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Connie
Sutton/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Carrie Southard/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: UtiliCorp United Inc.

We have received the following executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 3, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   UtiliCorp United Inc.

Transactions Covered:  Approved for all products with the exception of: Pulp
& Paper
          Foreign Exchange


OK - I believe that is when I was gone, now that you mention it.

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, November 26, 2001 3:51 PM
To:	White, Stacey W.
Subject:	RE: Relocation assistance

He was there for the Power training class. He said he tried to find you but I think that was the week you had to go back home.

John

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Monday, November 26, 2001 1:48 PM
To:	Postlethwaite, John
Subject:	RE: Relocation assistance

Just curious, what was Nick doing when he visited Houston the beginning of November.  Just wondering, because I didn't know he was here.

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, November 26, 2001 3:41 PM
To:	White, Stacey W.
Subject:	RE: Relocation assistance

Thanks

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Monday, November 26, 2001 1:40 PM
To:	Postlethwaite, John
Cc:	De Jesus, Frank
Subject:	RE: Relocation assistance

As long as HR is ok with this, so am I.

Stacey
 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, November 26, 2001 3:35 PM
To:	White, Stacey W.
Subject:	Relocation assistance

Stacey, part of my relocation package was the $700/month mortgage subsidy. In May, I received the first installment for one year and due to the current situation with the company and with Enron at this point unsure about helping with a potential move back to Houston, I wanted to receive the second installment as soon as possible. Frank is ok with this, but I wanted to check with you before anything else is done.

John


2nd Comments:

 We are missing in Increasing Supply section
running of existing older generation combined with mitigating reductions in
emissions.
missing Concrete suggestions:
California Energy Commission sponsored process to determine and implement
actions that will:
result in 10,000 MW of new energy efficient generation being built within
California within 2002; and
running of existing older generation combined with mitigating reductions in
emissions

 We are missing in decreasing load section
missing concrete suggestions:
The California Public Utility Commission, will immediately seek bids, in the
form of rate changes and regulatory commitments that would result in 2,000 MW
of reduced on peak load by June 1, 2001
The California Public Utility Commission, will immediately seek bids, in the
form of rate changes and regulatory commitments that would result in 5,000 MW
of reduced overall load by January 1, 2002.

---------------------- Forwarded by Scott Stoness/HOU/EES on 01/02/2001 06:18
PM ---------------------------

Scott Stoness
01/02/2001 06:18 PM
To: Jeff Dasovich/Na/Enron@ENRON
cc: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Don Black
Subject: Re: DRAFT of materials for Governor

1st Comments from Scott

We are missing:

Positive spin at front
Governor Davis is committed to solving the California energy crisis by:
Developing consumer driven solutions
Protecting customers from short term market aberrations
Continuing to expand the consumers ability to choose
We are missing thoughtful Orderly Process
Maintain 1890 in interim
All customers treated the same
Would replace "maintain a reliable distribution network" with "assure
investment community"
Assurances around forward purchases
Assurances around prudent purchases to keep lights
Assurances, if needed through increases, via tax refundable.
Maintain AB1890 until orderly process arrives with better solution
Would drop specifics arount rate increase.

More to come......


please fill people in the attached floor plan


Kelley Ellis 3-3239