decline
-----Original Message-----
From: Rain Banbury [mailto:rain@raponline.org]
Sent: Wednesday, August 29, 2001 1:20 PM
To: Bill Massey; Bill Newman; David Struhs; Elizabeth (Betsy) Moler;
Eric Heitz; Gordon van Welie; Hal Harvey; Jane Van Gunst; John Rowe;
Judi Johansen; Kathleen Hogan; Marsha Smith; Mary Sharpe-Hayes; Pat
Wood; Peter Cramton; Phil Harris; Rain Banbury; Ralph Cavanagh; Rich
Cowart; Richard (Dick) Schuler; Steve Kean; Susan (Sue) Tierney; Terry
Black; William (Bill) Keese; William Museler
Subject: RTO Futures Mtg. 10/1-10/2

SK - Oct 1st is the first Managing Director mtg.  Do you want to attend this RTO event?  mm

Hello Everyone,
This e-mail is a reminder/request to please save the dates of October 1st
and 2nd for the next RTO Futures meeting, to be held in Washington DC. It
will be a one and a half day event, similar to last time. Hotel details as
well as an agenda will follow in the weeks to come. If you have any
questions in the meantime, please feel free to contact myself or Rich Cowart
at the number below.
Thank you,

Rain Banbury
Office Manager
50 State St., Ste. 3
Montpelier, VT 05602
(802)223-8199
(802)223-8172 fax


nothing is going on here.  i am actually going to grand cayman tomorrow for
the weekend.  it should be an ok weekend.  did you go out on saturday?  i was
hurting when i woke up sat morning.


Start Date: 1/7/02; HourAhead hour: 20;  HourAhead schedule download failed. Manual intervention required.


The Rockies index language looks good.  We need to separate the southern
border PG&E trades from the southern border socal and Socal trades.  All
Socal trades (except KRS, which we have none at this time) go under Socal and
southern border - socal wacogs, while the PG&E topock/southern border - PG&E
trades go under the Southern border, PG&E wacog.  Please make the change to
the sheet and forward a copy to me before emailing.

Thanks,
Mike


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/17/2000
07:57 AM ---------------------------

Lenos Trigeorgis <lenos@ucy.ac.cy> on 02/16/2000 06:02:15 PM
To: lenos.trigeorgis@rogroup.com
cc: conference@rogroup.com, mrenzett@sda.uni-bocconi.it (bcc: Vince J
Kaminski/HOU/ECT)
Subject: Hotel reservations and copies of slides for March RO
conference--URGENT

As a speaker at the March real options conference in NY, please pay
immediate attention to the following:

1. Call the Marriott East Side Hotel in NY, preferably directly at (212)
755 4000 or through Marriotts% centralized reservations (not the hotel)
1-800-228-9290 to make a reservation for your stay and guarantee it with
your credit card. Please refer to the Real Options Group preferred group
rates ($209 plus taxes). Please note that the hotel is fully booked that
period, and unless you make your reservation BEFORE FEBRUARY 21 (absolute
deadline) you will not have a reservation. Please notify us at
conference@rogroup.com and mrenzett@sda.uni-bocconi.it as to whether and
for when you made your reservations. (We will try to book a one day
reservation for all the speakers
just in case, but are not sure which day you may prefer or if you prefer
tostay longer --so we ned to know your precise plans to avoid booking
confusion).
For those who are entitled to reimbursement (academics), you will need to
send us original receipts for your legitimate expenses (not to exceed a
total of $1,200) immediately after the conference.

2. Please send us via email (at lenos.trigeorgis@rogroup.com and at
conference@rogroup.com) the soonest (before Thursday February 25) the
following:
a. Copy of the transparencies/slides for your talk
b. A one paragraph (10-15 line) bio description
c. A one paragraph (10 line) abstract and 4 one-liner bullet points

The above is to be included in the conference brochure to be distributed to
conference participants

3. Please fill the on-line registration (at www.rogroup.com) by February 21;
simply write "speaker" where it says fees, unless you also want to attend
another session on a different date (each day%s session is priced separately)

We look forward to seeing you at what promises to be an exciting conference

Lenos
Lenos Trigeorgis
Professor of Finance
University of Cyprus
Dept of Business
75 Kallipoleos, PO Box 20537
CY 1678 Nicosia CYPRUS

Tel: +357 2 892261
Fax:        339063


Lost Creek updated.


Attached is a draft comment letter for your review.  I would appreciate your
comments by April 2.

 <<Energy Group Comment Letter.doc>>

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

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.

 - Energy Group Comment Letter.doc


ISDA PRESS REPORT - NOVEMBER 19, 2001

ACCOUNTING
	*	Japanese Accounting Changes - The Nikkei Weekly

CREDIT DERIVATIVES
	*	ISDA addresses successor/convertible issues - IFR
	*	New York dealers go it alone on default swap clause - IFR

ENERGY
	*	What Enron Did Right - The Wall Street Journal

OPERATIONS
	*	FpML group joins ISDA - IFR

Japanese Accounting Changes
November 18, 2001 - Derivatives Week (Learning Curves)

There have been major changes to accounting standards in Japan which, by the
time they have all been implemented will have brought Japanese accounting
standards broadly into line with international norms. These changes are
comprehensive and include the introduction of fair value --or
mark-to-market--accounting. This last change, although seemingly innocuous
will be particularly powerful in its impact.

But What Has All This To Do With Derivatives?

The introduction of mark-to-market accounting requires listed Japanese
companies to record their holding of marketable property assets and
securities at current market value rather than at book value. This means
that balance sheets will no longer be buttressed by assets valued at
inflated bubble economy levels. But most crucially profit streams will
become exposed to movements in equity markets, as the definition of
securities includes the cross shareholdings which bind members of Japan's
Keiretsu and other business groupings. These are substantial in Japan,
accounting for perhaps 40% of all shareholdings.

The unwinding of cross shareholdings is undoubtedly one of the factors
behind the recent weakness of Tokyo stock prices, not least as foreign
buyers who had been soaking up much of the unwound cross held shares coming
onto to the market have been notably absent over the past few months.

Hence there has been much talk about how best to unwind these cross
shareholdings without further depressing the market. Where possible firms
with mutual shareholdings have been seeking arrangements that are
effectively straight swaps. But derivatives can also play their part.

Many corporates with large shareholding disposal programmes have been
actively seeking to hedge their equity exposure as they embark on their
share sale process. Often they have effected this through the use of call
options. Thus if the market falls they have at least benefited from the
premium earned at the time of the sale of the call option and if the market
rises and the option is called by the purchaser then the shares have been
successfully disposed of, but without further dampening an already weak
market.

Financial institutions have also been combining a similar strategy with
stock lending, thereby gaining both the option premium and a lending fee.
Certainly many market observers have been reporting an increase in such call
option trades over the past year or so. Moreover even for firms that do not
wish to sell down their equity portfolios, the increased profit volatility
which will result from having to revalue portfolios and book these changes
though the profit and loss account will significantly increase the
attractions of hedging. Allied to this and flowing from the realisation of
the full extent of the weakness of many Japanese financial institutions,
there has also been an increase in the use of credit derivatives which has
allowed investors to sell the risk of entering into a transaction with a
Japanese bank. This market has been cyclical, rising and falling with the
changes in perceptions of the true financial state of the country's banking
sector. However the underlying demand is there.

The Flip Side

In the same way that Japanese banks and corporates must book the true value
of their equity portfolios they must also report the true market value of
their derivatives positions. And there is concern that this will only serve
further to expose the weakness of the banks in particular. So it has been
reported that the Japanese Bankers' Association (zenginkyo) has been
lobbying the accounting standards making body, the Japan Institute of
Certified Public Accountants, for a further delay in the introduction of the
mark to market requirement for derivatives. This is in addition to the
one-year delay already secured. The original delay was portrayed as in
response to difficulties arising out of the consolidation of the Japanese
banks around three or four major groupings, but most market observers
suspect that this was only a smokescreen to cover up for the ineffective
hedging strategies of the major banks, most notably macro hedging. Now the
bankers' representative body is suggesting the deadline be extended further,
perhaps indefinitely.

This may get the banks at least part way out of the short-term crunch they
are under from greater disclosure requirements, but with the Japanese
economy continuing to deteriorate, with serious consequences for the size of
the non-performing loans problem, the Japanese financial system will have to
face the music sometime.

ISDA addresses successor/convertible issues
IFR - November 17, 2001

Standard documentation aimed at clarifying which company should serve as
reference entity for credit default swaps in the event of a demerger or
other structural change, such as a consolidation, will be put forward by the
International Swaps and Derivatives Association this week.

While the successor issue has been debated since the break-up of National
Power of the UK, the imminent break-ups of AT&T and BT into smaller entities
has underscored the need for improved documentation.

Ambiguity arose out of the 1999 ISDA credit derivative definitions because
they defined the successor as the entity that assumes "all or substantially
all" of the original company's relevant obligations. AT&T's demerger plans,
for example, create no clear successor under ISDA's 1999 definitions.

To eliminate the uncertainty for those that bought or sold protection on
companies that do not produce a clear successor, ISDA's supplement on
successor issues uses a tiered set of numerical standards, said Kimberley
Summe, general counsel of ISDA.

Chip Goodrich, managing director in the legal department at Deutsche Bank
and chairman of ISDA's documentation committee, said that he did not expect
extensive comments on the new documentation, as possible resolutions to the
issue had been thoroughly debated by market participants.

Under the standard, a new entity that receives 75~/~ of the original
company's bonds and loans after a demerger would be deemed the reference
obligation for a credit default swap. If the 75% test is not applicable,
then a 25% test applies. If more than 25% of the underlying's obligations
are held by a new reference entity then the credit derivative transaction
must be broken up into several separate transactions of equal weight, said
Goodrich, who also sits on ISDA's credit derivatives market practice group.

In the event that no successor company assumes 250/o of the original
company's obligations, another set of rules come into play. The entity that
receives the highest percentage of the original company's loans and bonds
becomes the sole successor.

Should the debt be evenly split between two entities in this category, -the
one that assumes the highest percentage of obligations (loans, debt and
other borrowed money) is deemed the successor. No successor will be
appointed if the original reference entity continues to exist.

In a separate development, ISDA published a supplement to the ISDA 1999
credit definitions that specifies "not contingent" as one of the delivery
obligation characteristics. This clarifies that convertible exchangeable or
accreting bonds qualify to be delivered, said Goodrich. "It's a
clarification of what was implicit in the definition in the past," he added.

This has become an issue because of the surge of activity in hedging of
convertible bonds this year and the debate last month over whether
Railtrack's convertible bond was deliverable under existing swap contracts.
Most of the major dealers made an immediate move to use of the new ISDA
language by adopting it as standard in default swap contracts last week.

New York dealers go it alone on default swap clause
IFR - November 17, 2001
By John Macaskill

Abandonment of the obligation acceleration clause is unlikely to cause a
rift within the credit derivatives trading community as serious as the one
that developed over the restructuring clause earlier this year. All the
same, last week's unilateral move by the main New York dealers took European
traders and default swap end users by surprise.

It came almost exactly a year after a similar decision by the most active
New York dealers to drop restructuring as a standard credit event for US
corporate default swaps. That move threatened a schism within the credit
derivatives market, and a reduction in overall liquidity because of
different trade practices being followed in different regimes.

Damage to liquidity
The threat was headed off by traders and users of credit derivatives from
both Europe and the US, who worked on committees co-ordinated by the
International Swaps and Derivatives Association (ISDA) to agree a modified
definition of the restructuring clause as a credit event. The new definition
was agreed at the end of April and released in May, but liquidity in the
default swap market was hit in the early months of the year by the
uncertainty caused by the debate.

The issue of obligation acceleration had not been a great concern for
dealers until Moody's indicated that it was uncomfortable with the inclusion
of what it viewed as a "soft" credit event in the default swaps that back
credit-linked notes and collateralised debt obligations.

Obligation acceleration and obligation default are two clauses that can
trigger default swap exercises under the standard 1999 ISDA credit
derivatives definitions. Dealers have been aware that the payment of an
obligation might be accelerated owing to the breach of a covenant on a bond
or loan. This might trigger exercise on a default swap, when there was still
a chance that the covenant could be made whole
before the fundamental default event - failure to make a debt payment - had
taken place.

Most dealers decided that this was not a major issue, however, mainly
because there do not appear to have been any examples of obligation
acceleration triggering a default swap, and because covenant breaching will
almost certainly come at the same time as failure to pay on a liability.

However, Moody's turned the debate into an economic issue for dealers by
objecting to incorporation of the clause in the swaps used to back synthetic
collateralised debt obligations.

Dealers have been making enormous profits from synthetic securitisation this
year. Three of the top credit derivatives trading houses have each sold over
US$10bn of swap-backed issuance this year, and a string of dealers have sold
between US$2bn and US$10bn. This is high margin business, with fees of over
100bp for a deal often seen.

Profit drag
Moody's applies a 25% increase to the default probability used for the COO's
it rates if they are backed by swaps featuring the obligation acceleration
clause. Banks can cut this charge by incorporating language that specifies a
timeframe for covenant breaches to be cured. None the less, the clause can
still be a significant drag on their CDO income.

It is also an economic issue for Moody's, because swaps without the
obligation acceleration clause match more closely the criteria of its
historical default database - one of its major assets. "It was never clear
to us how obligation acceleration as a credit event had any meaning in these
transactions," said Noel Kirnon, managing director responsible for
collateralised debt obligations and derivatives at Moody's. He welcomed last
week's move to drop the clause as a standard feature of default swaps traded
in the US.

Derivatives dealing heads in New York echo this sentiment and point out that
buyers of credit protection will still be able to request that obligation
acceleration is included as a feature in a swap. In the first few days of
trading without standard inclusion of the clause last week, there was no
evidence of a price basis opening up between contracts with the clause and
those without, indicating that it is not yet being viewed as an economic
factor by buyers of protection.

"It is basically a redundant credit event," said the US head of credit
derivatives at one bank. "For protection buyers it does not particularly
weaken the power of the contract," he added.

European objections
There were some objectors to the move among dealers active in the US market,
as UBS and Commerzbank declined to drop the clause for standard contracts.
The other big dealers moved in step, however. These include Citigroup, CSFB,
Deutsche Bank, Goldman, JP Morgan Chase, Lehman and Merrill.

Some dealers would also like to change use of the repudiation/moratorium
clause in default swaps to make it clear that it cannot be used to apply to
a corporate credit, but no change in market practice is expected.  The
essential credit derivative settlement debates in recent months - over
successor entity and convertible deliverability - have been resolved on a
global basis.

There is no indication that European traders and end users of default swaps
will fall into line with the contract shift made in the US last week,
however.  "The New York dealers' decision was surprising, but it wasn't the
first time they have moved unilaterally," said one European trader. "Europe
will stick with obligation acceleration and the repudiation/moratorium," he
predicted.

What Enron Did Right
The Wall Street Journal - November 19, 2001
By Samuel Bodily and Robert Bruner

This is a rough era for American business icons. Subject to the vagaries of
age (Jack Welch), product failure (Ford/Firestone tires), competition
(Lucent, AT&T), technology (Hewlett-Packard and Compaq), and dot-bomb
bubbles (CMGI), managers and their firms remind us that being an icon is
risky business. The latest example is Enron, whose fall from grace has
resulted in a proposed fire sale to Dynegy.

Once considered one of the country's most innovative companies, Enron became
a pariah due to lack of transparency about its deals and the odor of
conflicts of interest. The journalistic accounts of Enron's struggles drip
with schadenfreude, hinting that its innovations and achievements were all a
mirage.

We hold no brief regarding the legal or ethical issues under investigation.
We agree that more transparency about potential conflicts of interest is
needed. High profitability does not justify breaking the law or ethical
norms. But no matter how the current issues resolve themselves or what fresh
revelations emerge, Enron has created an enormous legacy of good ideas that
have enduring value.

Deregulation and market competition. Enron envisioned gas and electric power
industries in the U.S. where prices are set in an open market of bidding by
customers, and where suppliers can freely choose to enter or exit. Enron was
the leader in pioneering this business.

Market competition in energy is now the dominant model in the U.S., and is
spreading to Europe, Latin America, and Asia. The winners have been
consumers, who have paid lower prices, and investors, who have seen
competition force the power suppliers to become much more efficient. The
contrary experience of California, the poster child of those who would
re-regulate the power industry, is an example of not enough deregulation.

Innovation and the "deintegration" of power contracts. Under the old
regulated model of delivering gas and electricity, customers were offered a
one-size-fits-all contract. For many customers, this system was inflexible
and inefficient, like telling a small gardener that you can only buy manure
by the truckload. Enron pioneered contracts that could be tailored to the
exact needs of the customer.

To do this, Enron unbundled the classic power contract into its constituent
parts, starting with price and volume, location, time, etc., and offered
customers choices on each one. Again, consumers won. Enron's investors did
too, because Enron earned the surplus typically reaped by inventors.
Arguably, Enron is the embodiment of what economist Joseph Schumpeter called
the "process of Creative Destruction." But creative destroyers are not
necessarily likable, pleasant folks, which may be part of Enron's problem
today.

Minimization of transaction costs and frictions. Enron extended the logic of
deintegration to other industries. An integrated paper company, for
instance, owns forests, mills, pulp factories, and paper plants in what
amounts to a very big bet that the paper company can run all those disparate
activities better than smaller, specialized firms. Enron argued that
integrated firms and industries are riddled with inefficiencies stemming
from bureaucracy and the captive nature of "customers" and "suppliers."
Enron envisioned creating free markets for components within the integrated
chain on the bet that the free-market terms would be better than those of
the internal operations. The development of free-market benchmarks for the
terms by which divisions of integrated firms do business with each other is
very healthy for the economy.

Exploiting the optionality in networks. In the old regulated environment,
natural gas would be supplied to a customer through a single dedicated
pipeline. Enron envisioned a network by which gas could be supplied from a
number of possible sources, opening the customer to the benefits of
competition, and the supplier to the flexibility of alternative sourcing
strategies. Enron benefited from controlling switches on the network, so
that they could nimbly route the molecules or electrons from the best source
at any moment in time to the best use, and choose when and where to convert
molecules to electrons. This policy, picked up by others in the industry,
created tremendous value for both customers and suppliers.

Rigorous risk assessment. The strategy of tailored contracts could easily
have broken the firm in the absence of a clear understanding of the trading
risks that the firm assumed, and of very strong internal controls. Enron
pioneered risk assessment and control systems that we judge to be among the
best anywhere. Particularly with the advent of Enron Online, where Enron
made new positions valued at over $4 billion each day, it became essential
to have up-to-the-second information on company-wide positions, prices and
ability to deliver.

The unexpected bad news from Enron has little to do with trading losses by
the firm, but with fears among trading partners about Enron's ability to
finance its trading activity. In a world where contracts and trading
portfolios are too complex to explain in a sound bite, counterparties look
to a thick equity base for assurance. It was the erosion in equity, rather
than trading risk, that destroyed the firm.

A culture of urgency, innovation and high expectations. Enron's corporate
culture was the biggest surprise of all. The Hollywood stereotype of a
utility company is bureaucratic, hierarchical, formal, slow, and full of
excuses. And the stodgy images of a gas pipeline company -- Enron only 15
years ago -- is even duller and slower. Enron became bumptious, impatient,
lean, fast, innovative, and demanding. It bred speed and innovation by
giving its professionals unusual freedom to start new businesses, create
markets, and transfer within the firm.

Success was rewarded with ample compensation and fast promotion, and an
open-office design fostered brainstorming. The firm's organization and
culture was by all accounts not a safe haven for those who believe the role
of a large corporation is to fulfill entitlements for jobs. This was a
lightning rod for the firm's detractors. And yet, it could serve as a model
for more hide-bound enterprises to emulate.

Enron was a prolific source of compelling new ideas about the transformation
of American business. It created a ruckus in once-quiet corners of the
business economy. It rewrote the rules of competition in almost every area
in which it did business. It thrived on volatility.

The proposed sale of Enron to Dynegy risks the loss of a major R&D
establishment, especially given Dynegy's track record as a second mover
following Enron's lead. Beyond what is likely to be a difficult and
time-consuming antitrust review, Dynegy's greater challenge will be to find
a way to make Enron's spirit of innovation its own. Or so we all should
hope, because prosperity depends on the ability of firms to reinvent
themselves and remake their industries.

FpML group joins ISDA
IFR - November 17, 2001

The International Swaps and Derivatives Association last week announced
plans to incorporate FpML.org, a non-profit industry body dedicated to
developing a business information exchange standard for electronic dealing
and processing of financial derivative transactions.

"FpML.org's funding is stable. But the founding members recognise that [the
standard] is broadly beneficial to the industry and that working with ISDA
is the best way to continue developing it," said Brian Lynn, vice-president
of etrading at JP Morgan Chase in New York.

"This is an exciting and important step toward derivatives technology
development that is consistent with other ISDA efforts to provide an
effective structure for derivatives documentation and trading," said Robert
Pickel, executive director and chief executive of ISDA. "We have common
membership and have been talking to each other for a while," he added,
noting that FpML.org's language uses ISDA documentation and terms as its
foundation.

Financial product Mark-up Language's (FpML) chief virtue is that it
addresses straight-through processing. It offers a basis for achieving
straight-through processing of trades, back office systems and settlement
systems. Greater automation reduces the time it takes to close a deal and
the rate of error.  In 1999, the industry spent roughly US$1bn processing
OTC derivatives transactions, and at some firms about 20%-30% of that figure
represented documentation errors, said JP Morgan's Lynn.

The manual confirmation matching processes required today is not included in
the 20%-30% figure, he added. In theory, liquidity should also receive a
boost from a move to greater automation. "For smaller end users it means
that there is less work involved in entering into a transaction," said Lynn.

No decision on linking FpML's transaction standards with ISDA master and
netting agreements has been made yet, but such a move is likely in the
future. ISDA initiatives aimed at providing members with extensible mark-up
language (XML) resources for netting and negotiating, storing and archiving
ISDA master agreements seem to point in this direction, as FpML is an XML
solution. ISDA's interactive web and CD-ROM based documentation library is
in an XML format currently.

"The integration of FpML into ISDA will mean speeding up the development of
the standard and expansion of its coverage consistent with our original
mission. The goals of FpML.org and ISDA are similar as both have worked
towards technological advancement in standard setting," said Philippe
Khuong-Huu, a managing director at Goldman Sachs, and chairman of FpML.org's
board of directors.

Joining forces with ISDA will also help raise the profile of FpML, but
awareness of its potential is not a problem said Lynn. "The issue is
deploying systems that use the standard."

Two multi-dealer trading systems for interest rate derivatives that are
being tested now, Reuters' Dealing for Swaps and SwapsWire, plan to go live
using FpML. FpML use at individual banks is done on a proprietary basis for
now. No banks yet operate on XML on a company-wide basis.

FpML.org's architectural working group, and its working groups covering
interest rate, foreign exchange and equity derivatives, will continue to
exist as sub-groups of ISDA's new FpML committee. ISDA's FpML committee will
retain responsibility for approving new versions of the standard.

"Vendors will continue to be represented on the standards committee and on
working groups," said Lynn.
FpML standards currently exist for interest rate derivative products and
forward rate agreements. Foreign exchange and equity derivatives standards
arc nearing completion.

**End of ISDA Press Report for November 19, 2001**

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA ONLY.  THIS PRESS
REPORT IS NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION),
AND ISDA IS NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

April 27, 2001 5:00pm through April 30, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  EBS
Time:  Fri 4/27/2001 at  8:00:00 PM CT thru Fri 4/27/2001 at  9:00:00 PM CT
 Fri 4/27/2001 at  6:00:00 PM PT thru Fri 4/27/2001 at  7:00:00 PM PT
 Sat 4/28/2001 at  2:00:00 AM London thru Sat 4/28/2001 at  3:00:00 AM
Outage:  OSSPROD Server Move - Portland to Houston (EBS)
Environments Impacted:  All
Purpose: ECOMS is the EBS order management system. It is a mission ciritical
app, and the server is being moved to Houston.
Oracle does not function in a NAT environment, so network changes must be
made to accomodate the move.
Backout: Put original ACL back in place
Contact(s):  Dennis McGough    713-345-3143

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:
Impact:  CORP
Time:  Fri 4/27/2001 at  8:00:00 PM CT thru Sat 4/28/2001 at  12:00:00 AM CT
 Fri 4/27/2001 at  6:00:00 PM PT thru Fri 4/27/2001 at  10:00:00 PM PT
 Sat 4/28/2001 at  2:00:00 AM London thru Sat 4/28/2001 at  6:00:00 AM London
Outage:  Unify Server Name Changes
Environments Impacted:  Unify Development
Purpose: Full complinace with naming standard.
Backout: A full backup of the servers and Emergency Repair disk will be done
prior to the name change.
Contact(s):  Charles Ballmer    713-853-0684
  Darryl Vinson        713-345-8726

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

        FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


to answer the rest of the questions.  In the section where it says
"current", the card should be signed by Robert Morgan.  The operator is
Bridgeline Storage Company, LLC. Where it says "former" it should be signed
by Redmond on behalf of LRCI, Inc.

Rusty, where do we stand on revisions to the permit app?  I understand that
the MIT went well.  Please call me to discuss plans to proceed with the
application.

-----Original Message-----
From: Rusty.Belflower@enron.com [mailto:Rusty.Belflower@enron.com]
Sent: Wednesday, May 02, 2001 12:17 PM
To: Gerald.Nemec@enron.com; Lawrence J. Hand, Jr.
Subject: La. DNR Pink Card Info

Please advise.
---------------------- Forwarded by Rusty Belflower/NA/Enron on 05/02/2001
12:07 PM ---------------------------

"Allison, Harry" <hallison@SOFREGAZUS.COM> on 05/02/2001 11:05:07 AM

To:   "Rusty Belflower (E-mail)" <rbelflo@enron.com>
cc:

Subject:  La. DNR Pink Card Info

Rusty,
The Pink card, Form MD-10-R-A, requires an effective date of change.  What
do you suggest as the date?
I assume the new Operator is "Bridgeline Storage Company, L.L.C.  Is this
still correct?
The signature blank normally will have the person's name typed above it and
then the phone #.  Should I use Brian L. Redmond, President of LRCI, Inc.
with a phone # (713) 853-1839 or Robert Morgan?
I'll send a copy of the pink card via fax.
Harry


March data for Monfort is on the Zoom network
John


Kathy,
I love you
Rod
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Thanks, Kyle.

Greatwood is scheduled to come online on Feb 1. The connection only includes
GW, as Rosenberg is not ready yet. So, GW would be about 500/d. When RB comes
online, we may see volumes of about 1500-2000/dy

Ami


The chief executive offices would be great.  Thanks

CJG
 -----Original Message-----
From: 	Heard, Marie
Sent:	Thursday, November 15, 2001 4:17 PM
To:	Gaffney, Chris; Jones, Tana
Subject:	RE: Master Netting Agreements - Canadian Security Registrations

Chris:

Do you need the notice information in the agreements or will a listing of the chief executive offices for each work?  I have a listing of the BP Amoco entities and the addresses of their chief executive offices and I can also send Reliant's as set forth in the Master Netting Agreements.

Marie

 -----Original Message-----
From: 	Gaffney, Chris
Sent:	Thursday, November 15, 2001 2:34 PM
To:	Heard, Marie; Jones, Tana
Subject:	Master Netting Agreements - Canadian Security Registrations

Marie/Tana - would you be able to help me out again on the looking up the agreements that we have with the following entities.  Also to the extent that we have agreements please provide me with the address from the notice provision.

Reliant Energy Services, Inc. (also formerly known as Noram Energy Services, Inc. and Noram Energy Corp.)

BP Corporation North America Inc.
BP Energy Company
Vastar Resources, Inc.
BP Canada Energy Marketing Corp.
Cibola Energy Services Corporation
IGI Resources, Inc.
BP Oil Supply Company
BP Products North America Inc.
BP North American Petroleum (a division of BP Products North America Inc.)
BP Amoco Chemical Company
BP Chemicals Inc.
Atlantic Richfield Company
Amoco Production Company

I you could get back to me sometime in the next few of days I would appreciate it.

Thanks,
Chris


Darling,

Just wanted to let you know that you on my mind. I hope you are having a
great day.

C.

0XXX


Hello Greg,

My name is Barbara and I work here at NetAcumen. We are in the clickstream analysis space. I wanted to see if I can get on your radar to have an initial discussion regarding how we can help deliver the most complete picture of who your web visitors are and how they interact with your company.

Where we are significantly different from our competitors (webtrends, Accrue, NetGenesis) is we have the tools to integrate lots of disparate datasources together. We have the ETL Extraction Transformation and Load tools which allows us to integrate web log data with other valuable internal and external content, as well historical data about prior transactions, and more.

We have found that the typical log parsing solutions are black box solutions and require you change your website to conform to the parsing engine rather than the parsing approach conforming to your web site.  We see lots of companies have problems where their web site may have dynamic content served up.  NetAcumen quickly handles any type of customization required in parsing log files and dynamic content and more.

We provide our service as a asp or a onsite delivery.

If there is interest I would love to show you a demonstration of how easy this is for us.

We offer weekly web demonstrations, to sign up click on the url below

http://corp.netacumen.com/seminar/bhehir/WebDemo.html

_____________________________________________________________________
Barbara Hehir
Account Manager
NetAcumen, Inc.
(650)558-3821
www.netacumen.com


Please review the last change made to the Annex.  I tried to fix the ECC/ENA problem as simply as possible.

 -----Original Message-----
From: 	Hendry, Brent
Sent:	Friday, October 19, 2001 12:00 PM
To:	'gayla.jones@williams.com'
Cc:	Theriot, Kim S.; Moore, Janet H.; Dickson, Stacy E.
Subject:	Consent and Amendment Agreement

Gayla,
While I was getting ready to prepare execution copies I was notified of some additional language that is being added to our template that helps clarify a few issues.  I was asked to send you a blacklined draft for review.  Please also forward a copy of the blacklined draft to Tracy and if either of you have any questions regarding the changes please let me know.  The last change in the Annex is still being finalized but I included it so you could review the language/concept.

Regards,
Brent


Tracy:  Thanks!!!!!  (and I'll call Yair in a day or so if I haven't heard
from him)

New Question:  Will you be handling credit for the Washington Public Utility
Districts (Benton, Franklin and Grays Harbor)?  I spoke with Jeff Fuller
(PRM) and a lawyer for the PUDs yesterday and I'm analyzing the authority
issue.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Tracy Ngo/ENRON@enronXgate
	05/17/2001 10:14 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: Allegheny Energy Supply

Sara,

Spoke with Tom Moore this morning regarding the last outstanding issue
(assignment clause for cp) and he is on board with my methodology and agrees
as well.  He and Yair will propose to Enron replacement language to get us
where we need to be hopefully.

Tracy

 -----Original Message-----
From:  Shackleton, Sara
Sent: Monday, May 14, 2001 12:11 PM
To: Ngo, Tracy
Subject: Allegheny Energy Supply

Tracy:

Did you and Yair finalize the "transfer" language?  It seems that too many
confirm questions are popping up and different forms are being drafted.  We
;should be done with the ISDA.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Ken said "Tim - I hope this works out".

Rosie

From: Tim DeSpain@ECT on 04/20/2001 02:49 PM
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON
cc: Andrew S Fastow/Enron@EnronXGate
Subject: Gerald Smith

Over the past few months, Enron Global Finance has been evaluating various
opportunities where Enron and Smith Graham & Company may be able to work
together.  Unfortunately, the process was slowed when our primary contact at
Smith Graham, Gabriel Hayes, left the firm earlier this year.  We have since
reestablished discussions and the Global Finance Group is preparing a
proposal that a portion (about $30 million) of the Enron Cash Balance Plan
portfolio be dedicated to an emerging managers portfolio.  One-third of this
money ($10 million) would be invested in bonds, which could be placed with
Smith Graham, as the fixed-income manager .  (Total Plan assets are about
$235 million.)

The proposal will be submitted to the Plan Administrative Committee at its
quarterly meeting on May 3rd.  The proposal should be well received as the
Committiee has previously requested that  we optimize our existing allocation
to minority money managers.  Gerald Smith has been advised that Enron is
looking at ways to allocate money to the firm, and that a decision should be
reached sometime in May.  We have not communicated the specific details of
our intentions as of yet pending the outcome of the May 3rd meeting.

I am available for further discussion at your convenience.

Regards,
Tim DeSpain
(x31770)


----- Forwarded by Mark Taylor/HOU/ECT on 07/12/2000 02:08 PM -----

	Jarrod Cyprow
	07/11/2000 05:47 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Edward Ondarza/HOU/ECT@ECT
		 Subject: Media General Confirm

I have attached a final copy of the Media General Confirmation.


Bob

Our firm has banned all but essential overseas travel. Therefore , at this
stage it is doubtful that I will be able to attend in person.
I will let you know my final plans closer to the date.

Steve

Robert Pickel <RPICKEL@isda.org> on 13/10/2001 08:53:28

To:   ISDA BOARD <BOARD@isda.org>
cc:   Cynthia Richards <CRICHARDS@isda.org>

Subject:  Upcoming Board Meeting

Our board meeting is scheduled for Tuesday, November 13, in New York. It is
our annual budget meeting so it is an important meeting. I am aware,
however, that some firms have instituted temporary bans or limitations on
travel. It would be helpful to know for planning purposes whether you will
be able to make it to New York for the meeting. George James is hosting the
meeting here at the Morgan Stanley offices.

Bob


Kristen:
My edits to the declaration.

Best,
Jeff

415.782.7822

	"Kristen Bird" <kb@quinnemanuel.com>
	03/13/2001 05:19 PM

		 To: <Jeff.dasovich@enron.com>
		 cc: "Michael Lifrak" <mtl@quinnemanuel.com>
		 Subject: Draft Declaration

Jeff,
I am attaching a draft declaration for your review.  Please let me know if
you have any comments or changes or if you think we could explain things a
little better.  Obviously, if you think we have misrepresented something,
please let me know so that we can correct it.  I believe we have most of the
exhibits.
Call me when you have had a chance to review.  My direct dial is 213.615.8774.

As I said, we need to file this in support of our Opposition to the
plaintiffs' motion for shortened time, which is due tomorrow.  Accordingly,
we would like to have this finalized and signed tonight, if possible.  Thanks
Jeff.

Regards,
Kristen

 - 0345604.01


Barbara,  I put hard copies of these documents in your chair.

----- Forwarded by Gerald Nemec/HOU/ECT on 09/28/2000 06:35 PM -----

	"Craig R. Carver" <CCarver@alfers-carver.com>
	09/28/2000 04:19 PM

		 To: "Nemec, Gerald (E-mail)" <gerald.nemec@enron.com>
		 cc:
		 Subject: Memo re alternatives and draft letter to Wildhorse

Gerald:  Attached are the memo and draft letter we discussed this morning.

I hope they are helpful.

Craig

 <<Alternatives memo 9-28-00.doc>>  <<Drft Wildhorse ltr 9-28-00.doc>>

 - Alternatives memo 9-28-00.doc
 - Drft Wildhorse ltr 9-28-00.doc


Power 2000 Operational Risk for Kevin


I think that ultimately I would feel OK about giving them #1 and #2 under the
circumstances, if these guys are really that concerned about these issues.  I
really don't think TW is ever going to breach its confidentiality
obligations.  I need to get Drew's clearance for Colorado law; I'll get back
to you.

Gerald Nemec@ECT
09/11/2000 07:17 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Confidentiality Agreement

Susan,  Tri-States comments.  I plan to give them Colorado law but to discuss
the other two with them.  Let me know your thoughts.

----- Forwarded by Gerald Nemec/HOU/ECT on 09/11/2000 07:14 PM -----

	"Nocera, Dave" <dnocera@tristategt.org>
	09/08/2000 10:41 AM

		 To: "'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>
		 cc: "Bates, Jere" <jbates@tristategt.org>, "Stribling, Richard"
<rstribling@tristategt.org>
		 Subject: Confidentiality Agreement

Gerald:

Jere Bates asked that I comment on your redline of the confidentiality
agreement that I helped draft.  My comments are as follows:

1. Regarding the strikeout in Section 2 of the language concerning the
obligations of Enron surviving termination, Tri-State is opposed to striking
this.  The information is not to be used at any time other than for the
purpose set forth in the agreement, and the fact that Enron may cease to
acquire new information should not relieve it of its obligation not to use
information it has previously received for unintended purposes. We believe
that language protects against that occurrence-and is consistent with the
language in the last sentence of Section 5 as well.

2. Regarding Section 6, Tri-State is opposed to waiving consequential,
punitive or exemplary damages because in our view, it is likely that many
damages Tri-State would suffer as a result of a breach would not be direct
or ordinary, but rather consequential.  In addition, the right to recover
punitive or exemplary damages is needed in our view to protect against
blatant disregard for the terms of the agreement.  We also believe that we
should have three years to commence an action after termination.

3.  Regarding Section 7(b), we believe Colorado law is appropriate since
Tri-State is the party that would be bringing an action for breach and
should have the benefit of doing so in accordance with the laws it is
familiar with.

Please feel free to call or e-mail me or Jere with a response.  We are open
to discussing these points, but do feel very strongly that our position is
reasonable and appropriate.

Thanks,

Dave Nocera


Effective March 1, 2001 Enron North America (CO 0413) employees will begin
using XMS (Expense Management System) to process employee expense
reimbursements.

XMS is a web based employee expense reimbursement system which will provide
the following benefits;

? More timely reimbursements to employees
? User friendly Web access
? Ability for employee or designated administrative assistant to submit
expense reimbursement
? Greater efficiency and lower cost
? Efficiently integrated with the current SAP accounting system

This system will REPLACE our current manual expense reimbursement process.
All employee expense reimbursements for ENA employees submitted after March
1, 2001 should be done via XMS.

Following are details regarding system access, training and support.

To access the system go to the Enron Home Page and type http://xms.enron.com
in the address field.

LOGON ID
Enter your personnel number (P number).   HR information is loaded
automatically into XMS, but an incomplete load may mean that some people's
IDs are not updated.  If your P number doesn't work, try using your first
initial and last name (lower case).  If you can't log in to the system, go to
the IT Central web page from the Enron home page and select Services>Security
Requests>eRequest or call (713) 853-5536.

PASSWORD
The first time you log in, the password is upper case ENRON.  The system will
guide you through confirming your personal information and changing your
password.  The Enron Code of Ethics prohibits the sharing of passwords and
logging on as another person.  Please observe Enron,s policy.  If you have
forgotten your password, call the Resolution Center at (713) 853-1411.

TRAINING
Go to the IT Central web page.  Select Services>Training.  Click on
"Schedules" in the North America column, and go to the XMS Workshop schedule
to choose your class.  If no classes are listed, call the training department
and place your request at (713) 853-1816.  Those in outlying locations and
those who prefer on-line training can use LEAP by signing on to isc.enron.com
and clicking on "training and education," then LEAP (shown as a link).  Use
xms (lower case) as the User ID and Password.

DOCUMENTATION
Step by Step documentation is also available from IT Central web page.
Select Services>Training. Click on "Documentation" in the North America
column and choose XMS User's Guide from the list.

APPLICATION SUPPORT SERVICES
Call the ISC help desk at (713) 345-4SAP (4727). Do not call Accounts Payable
with questions about how to use the system or with issues regarding
electronic pre-populated data.


I have corrected Ruthann's supervisor to Pam in PEP and have submitted the change to be made in SAP.

Thanks,
Miranda

 -----Original Message-----
From: 	Batista, Daniel
Sent:	Tuesday, November 27, 2001 1:41 PM
To:	Southard, Miranda
Subject:	FW: Who is Ruthann's supervisor?

Miranda,

Please make the necessary correction(s).  The org. chart says Ruthann Frausto reports to Rod.

Thanks,

Dan

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, November 27, 2001 12:10 PM
To:	Daily, Pamela
Cc:	Batista, Daniel
Subject:	RE: Who is Ruthann's supervisor?

they put it in the system as me, but I've told them it was you.

	 -----Original Message-----
From: 	Daily, Pamela
Sent:	Tuesday, November 27, 2001 11:49 AM
To:	Hayslett, Rod
Subject:	Who is Ruthann's supervisor?


In connection with the Wind River conversion from construction loans to term
loans, attached please find drafts of the following documents:

BRTI UCC-1 for filing with the Texas Secretary of State
BRTI UCC-1 for filing with the Delaware Secretary of State
ECT-WR UCC-1 for filing with the Texas Secretary of State
ECT-WR UCC-1 for filing with the Delaware Secretary of State

Please feel free to call me at (713) 220-4427 if you have any questions or
comments, or if I can be of further assistance.

S.B.

 - UCC-1Fin.DOC
 - UCC-1Fin.DOC
 - UCC-1Fin.DOC
 - UCC-1Fin.DOC


Just an update on the testing front... O
-----Original Message-----
From: Smith, Regan M.
Sent: Monday, January 28, 2002 10:35 AM
To: Allen, Thresa A.; Anderson, Bridgette; Anderson, Diane; Aucoin, Evelyn; Baker, Natalie; Baxter, Bryce; Bentley, Corry; Bowen, Bob; Brackett, Debbie R.; Campos, Anthony; Campos, Sylvia A.; Dahlke, Andrea; Dawes, Cheryl; Denny, Jennifer; Denton, Rhonda L.; Dupuy, Mark; Elledge, Susan; Engel, Tom; Evans, Casey; Garcia, Clarissa; Gillis, Brian; Hare, Bill D.; Hayden, Frank; Heal, Kevin; Hunter, Larry Joe; Huntley, Kelley; Jaquet, Tammy; Kenne, Dawn C.; Lozano, Melba; Mcginnis, Stephanie; McLaughlin Jr., Errol; Meredith, Kevin; Murphy, Melissa; Price, Wade R.; Reeves, Kathy; Robinson, Rhonda; Rodriguez, Bernice; Schield, Elaine; Schrab, Mark L.; Seib, Dianne; Severson, Russ; Spears, Christopher; Stevens, Mechelle; Sullivan, Patti; Sweitzer, Tara; Theriot, Kim S.; Vander velde, Nikole; Wallumrod, Ellen; Winfree, O'Neal D.; Wynne, Rita; Bharathi, Jaikishore; Boudreaux, Lori; Brewer, Charles; Chitradurga, Sundar; Cinelli, Steve; Clark, Cynthia; Fortney, Bill; Franks, Shawn; Greig, Iain; Henry, Jane Hilburn; Hunter, Wade; Johnson, Jeff; Krishnaswamy, Jayant; Lim, Francis S.; Martinez, Bob; McKeel, Richard; Nolte, Ron; Pena, Matt; Poston, David; Powell, John D.; Ramesh, Ganapathy; Rao, Ramesh; Saleem, Aftab; Sanvido, Terry; Schmidt, Mark; Schomer, Chris; Smith, Regan M.; Stock, Steve; Brockhan, Richard; Blaylock Jr., Samuel
Subject: Monday 01/28 - Status report of integration testing, remaining, outstanding issues, going forward

Everyone - updates from testing last week, and communication of information/ going forward.

Thanks to all involved in last weeks testing.  Much has been accomplished.  We did encounter a legal mandated 'test freeze' on Friday given a legal communication came down to halt all data entry/ code changes, but as of Friday evening, it was eventually lifted.  Any unfinished testing can continue.

We've completed:
- Integration testing of 25 transaction type scenarios - from EOL entry, Sitara, TDS, Tagg.  This includes the sample testing of scripts, and the end to end testing to SAP.
- EOL has sent 13 gas and 4 financial transactions through downstream systems.
- Over 50 integration issues identified and resolved!  Majority were data setup issues, but code changes were identified, incorrect hardware being used, reports not running, start-up scripting issues resolved, replication issues resolved.

What's remaining to test and status:
1) EDI testing - Tammy Jaquet, Robert Virnau are expected to complete the EDI test by end of day today (01/28)
2) Financial Settlements/ EOL deals - Mechelle Stevens is completing her verification of EOL deals into Unify.  Testing is expected to complete the EDI test by end of day today (01/28).
3) SAP testing - SAP is still in requirements analysis with regards to GL account setup, profit centers.  A meeting is scheduled for Wednesday afternoon with the UBS, SAP, Netco leads.  SAP testing can be conducted between Unify and within SAP once decisions are determined.

Any other issues we are not aware of, please advise.

Outstanding known issues:
1) Unify custom reports (SQR) not working.  This was not part of integration test, but testing by Kelley Huntley on Friday resulted in failure.  Infrastructure expected to resolve by Monday noon.
2) There is some data setup that is being completed Monday morning and should be complete by now.

Any other issues we are not aware of, please advise.

Going forward:
1) The Netco EOL (or new OLT?) team will be testing all week deals into Netco environments.  You may see these in downstream systems.
2) Analysis of what estate data still resides in Netco, and what needs to be there to go forward.  Namely curve data for EnPower.
3) We will perform regression testing to determine if there are any cross dependency of hardware.  Testing scenarios include:
    a) Application messaging that use Tibco (port, multi-cast addresses)
    b) Estate execution with Netco hardware inactive
    c) Netco execution with Estate hardware inactive

Notice/ FYI - All Netco (UBS) employee's LAN NT user-id's will be changed to a new file server (anticipated Friday 02/01).
The impacts are mainly the O:\ drive, W:\ drive will be split between Estate and Netco.  All authorized (legal) data is being copied now to the new file servers.
For example, if Netco employees need specific files on the O:\ drive, if they are missing, they would have remained with estate.  If you have files in progress, they
may missing the batch file copy which is occurring this week.

Updates to follow later this week!

Regan Smith
Energy Operations Systems
Enron Net Works
713-853-9291 (wk); 281-850-7551 (cell)

-----Original Message-----
From: Smith, Regan M.
Sent: Wednesday, January 23, 2002 8:42 PM
To: Allen, Thresa A.; Anderson, Bridgette; Anderson, Diane; Aucoin, Evelyn; Baker, Natalie; Baxter, Bryce; Bentley, Corry; Bowen, Bob; Brackett, Debbie R.; Campos, Anthony; Campos, Sylvia A.; Dahlke, Andrea; Dawes, Cheryl; Denny, Jennifer; Denton, Rhonda L.; Dupuy, Mark; Elledge, Susan; Engel, Tom; Evans, Casey; Garcia, Clarissa; Gillis, Brian; Hare, Bill D.; Hayden, Frank; Heal, Kevin; Hunter, Larry Joe; Huntley, Kelley; Jaquet, Tammy; Kenne, Dawn C.; Lozano, Melba; Mcginnis, Stephanie; McLaughlin Jr., Errol; Meredith, Kevin; Murphy, Melissa; Price, Wade R.; Reeves, Kathy; Robinson, Rhonda; Rodriguez, Bernice; Schield, Elaine; Schrab, Mark L.; Seib, Dianne; Severson, Russ; Spears, Christopher; Stevens, Mechelle; Sullivan, Patti; Sweitzer, Tara; Theriot, Kim S.; Vander velde, Nikole; Wallumrod, Ellen; Winfree, O'Neal D.; Wynne, Rita; Bharathi, Jaikishore; Brewer, Charles; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Fortney, Bill; Franks, Shawn; Greig, Iain; Henry, Jane Hilburn; Hunter, Wade; Johnson, Jeff; Lim, Francis S.; Martinez, Bob; McKeel, Richard; Nolte, Ron; Pena, Matt; Poston, David; Powell, John D.; Ramesh, Ganapathy; Rao, Ramesh; Saleem, Aftab; Sanvido, Terry; Schmidt, Mark; Schomer, Chris; Smith, Regan M.; Stock, Steve; Clark, Cynthia; Boudreaux, Lori
Subject: Status report of integration testing from Wednesday, Jan. 23rd ; and Thursday's continuation..

Status report of integration testing from Wednesday, Jan. 23rd
    - (16 gas/ power types of transactions to test)

Overall, there were no infrastructure or major application issues.  Unlike the prior testing, we've included many more gas transaction types and testing with all non-essential Netco data removed (aka baseline for Netco go-live).

In today's test, we had numerous data setup related issues  that resulted in downtime (ie EOL- Dynegy information, TGP address information, bad credit counterparty/ contracts,  or database issues with data sync/ replication).   These were mainly attributed to the massive cleanup/ removal of data not needed.  The  remaining issues open are being addressed Wednesday night.

Given the deferred 12:00pm to 2:00pm start time and data setup/ sync issues, we were unable to complete downstream processes (mainly Settlements, confirmations, SAP).

Continuation of testing into Thursday
We are requesting the testers with tasks remaining to complete the script execution Thursday (morning shift and afternoon shifts given UBS offsite meetings).
We will try to balance the testing activities given some will be out in the morning, and some in the afternoon.  The bridgeline will be active from 9 - 5 for communication/ status.

RECAP of where testing left off for Netco and EOL entry.

---> NETCO Deal types (with Netco external gas/power (good & bad credit)
Financial    All financial testing completed!

Power
Wednesday
    - Completed tasks:  Deal Entry, settlement statement group setup, notification, EnPower deal load.  Awaiting settlements drafting issue.
Thursday (remaining & status)
    (1)  DCAF testing ready
    (2) Kelley Huntley to draft invoices after draft issue resolved.

Gas
Wednesday
    - Completed tasks:  Deal Entry in TDS, TAGG/ ERMS, Sitara.  Port Calc

Thursday
    - (Chris Spears) - Transport - The TGP payment methods are now setup.
    - (Clarissa Hanks)  - Transport usage ticket for generic contract is setup (Deal 20000082)
    - ( Wade Price) - To draft invoices after confirmation of activity upstream (pm)
    - DCAF testing after confirmation of activity upstream
    - Need to conduct the EDI test (Tammy Jaquet/ Robert Virnau)

---> EOL Deals (Dawn Kenne has confirmed 4 EOL deals were setup.  2 Gas, 2 Power)

Thursday's plans are to confirm the flow of these deals into  Sitara, Tagg/ EnPower. Followed by eventual confirmations, settlement through Unify and SAP.  These are ready now for validation by Sitara/ Tagg/ EnPower.

Thanks to your continued involvement ...

Regan Smith
Energy Operations Systems
Enron Net Works
713-853-9291 (wk); 281-850-7551 (cell)


---------------------- Forwarded by Ginger Dernehl/HOU/EES on 03/02/2000
12:27 PM ---------------------------

Allison Navin@ENRON
03/02/2000 09:32 AM

To: Ginger Dernehl/HOU/EES@EES
cc: Cynthia Sandherr/Corp/Enron@ENRON
Subject: Enron comments on Barton bill

Ginger - Attached are Enron's finalized comments on the Barton bill.  Would
you please forward to all the folks in Rick's group and include Steve Kean?
Many thanks.


Jeff - Would you mind giving Dr. Crandall a call at your earliest
convenience?  Her number is 202-685-4319.  Thanks.
----- Forwarded by Allison Navin/Corp/Enron on 02/02/2001 04:45 PM -----

	Allison Navin
	02/02/2001 01:55 PM

		 To: Allison Navin/Corp/Enron@ENRON
		 cc:
		 Subject: no word

----- Forwarded by Allison Navin/Corp/Enron on 02/02/2001 01:55 PM -----

	"Crandall, Maureen" <CrandallM@ndu.edu>
	02/01/2001 01:47 PM

		 To: "'cynthia.sandherr@enron.com'" <cynthia.sandherr@enron.com>
		 cc:
		 Subject: no word

Cynthia
?
I emailed Jeff Dasovich on 1/16, called on 1/26 and left a  message, but so
far have not managed to talk with him directly.
?
Maureen


-----Original Message-----
From: 	Dorland, Chris
Sent:	Wednesday, January 16, 2002 1:57 PM
To:	Dorland, Dan
Cc:	Dorland, Chris
Subject:	RE: email

CHRIS'S VERSION 2

I would just like to follow up on our conversation and clarify any confusion you may have about where I stand. I have loved working for Enron over the past two years and have gained invaluable experience. I look forward to harnessing the opportunities in Ontario under the UBS banner and working with the former Enron team. Recently there have been a considerable number of companies soliciting Enron people familiar with the electricity market in Ontario. I evaluated the opportunities on the table and had come to a decision about my future, I want to stay with the team at Netco.

I communicated to Paul that I did not feel that the retail opportunity was rewarding enough to leave. He said that he would follow up with you to get back to me with more specifics on my role within Netco. It came as quite a shock to me when you mentioned my place within Netco had been compromised. I never gave Paul any commitment to join him on XYZ retail venture or empowered him to speak on my behalf! (or something to that effect)

Rob, I apologize for this confusion and truly appreciate your understanding. I realize that the experience I stand to gain, the caliber of people I will work with, the credibility or the organization I will work for and my future earning potential will be significantly higher if I stay with the team and join UBS. I am confident that I know this market as well as anyone in this office, and I will continue to work hard to add value to the new organization.

Again, thanks for your support and please accept my apologies for the any miscommunication.

Sincerely,

Dan Dorland

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, January 16, 2002 1:00 PM
To:	Dorland, Chris
Subject:	email

Rob,

I would just like to follow up on our conversation and perhaps clarify any confusion you may have about what I am thinking. First, I should say that I have loved working for Enron over the past almost two years, gained invaluable experience and sincerely looked forward to harnessing the opportunities in Ontario under that banner and team. However, as a result of the events from the past few months, there was a considerable number of companies soliciting Enron people for the opening of the electricity market in Ontario. Of course, to be prudent, I evaluated the opportunities on the table.

At the same time, I was told that I had been slotted for retention by Netco and looked forward to the opportunity to grow with that business. In retrospect, I guess I was naive to think that I could seriously evaluate retail opportunities with, on the surface, very tantalizing potential compensation and assume that my role in Netco Ontario still resides. So today, I communicated to Paul that I did not feel that the retail opportunity was rewarding enough to leave and he told me that he would follow up with you to get more specifics on what my role within Netco would look like.  So, I was somewhat shocked when you mentioned my place within Netco had been compromised.

In any event, I appologize for this confusion Rob and truly appreciate your understanding. Currently, I do have an offer from a retailer that could significantly increase my current compensation, but I came to the conclusion that the level of experience, people, network, credibility and future earning potential at Netco is at too high of an opportunity cost to leave. I am confident that I know this marketplace as well as anybody in this office, and can add substantial value to the new entity with respect to future earnings and previous activities of the Toronto office. I am also very interested in the opportunity to work in trading.

Thanks again for your support Rob and please accept my appologies for the miscommunications.

Sincerely,

Dan


Here is the Cobra information that Jo Ann Hill promised.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160

 -----Original Message-----
From: 	Hill, Jo Ann
Sent:	Friday, November 30, 2001 4:34 PM
To:	Dernehl, Ginger
Subject:	COBRA Prices

Ginger -- Please pass on to the employees.

Thanks.


Jane:
Here is the answer to the Wheatland question.  I am currently tracking down
the answer to the Gleason question, which I should have very shortly.
Ben


Thanks for the note.

Will I be able to cover the child from the time when we get leal custody?
There will be a time lag possibly up to a year until the adoption will be
final .

Thanks you,

Pete


Thanks for taking me in last night.  Sorry about being drunk and stinky.
My cab, that we called at 6:10, showed up at 7:02.  I was so pissed.


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Hi again,

I accidentally deleted the emails you sent me about Gleason.  Could you
resend them?

Thanks,

Kay