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i booked my flight home on june 30th.  i arrive that afternoon and leave to houston on the 7th.  so have the frig packed with food and beer and be ready to golf.  looking foward to getting home.

love matt


Notice # 01-157
May 14, 2001

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

FROM:
Stu Smith, Senior Vice President, Operations

RE:
Exchange Early Contract Closing Schedule for May 25, 2001

Please be advised that the Exchange will close markets earlier on Friday,
May 25, 2001, the business day preceding Memorial Day. The following early
contract closing schedule will be implemented:

NYMEX DIVISION

Commodity                     Closing Range

Palladium Futures             11:58 a.m. - 12:00 noon
Platinum Futures and Options       12:08 p.m. - 12:10 p.m.
Heating Oil Futures and Options          *12:58 p.m. -  1:00 p.m.
Unleaded Gasoline Futures and Options    *12:58 p.m. -  1:00 p.m.
Crack Gas & Crack Heat Options           12:58 p.m. -  1:00 p.m.
Propane Futures                    12:58 p.m. -  1:00 p.m.
Crude Oil Futures and Options      12:58 p.m. -  1:00 p.m.
Henry Hub Natural Gas Futures &Options   *12:58 p.m. -  1:00 p.m.
Permian Pool Natural Gas Futures   12:58 p.m. -  1:00 p.m.
Alberta Natural Gas Futures              12:58 p.m. -  1:00 p.m.
Gulf Coast Gasoline Futures        12:58 p.m. -  1:00 p.m.

COMEX DIVISION

Aluminum Futures and Options       11:59 a.m.  - 12:00 noon
Copper Futures and Options         **12:04 p.m.  - 12:05 p.m.
Silver Futures and Options         12:04 p.m.  - 12:05 p.m.
Gold Futures and Options      12:09 p.m.  - 12:10 p.m.
The Eurotop 100 & 300 contracts will conduct normal trading hours.

The NYMEX Late Submissions Area is scheduled to close at 2:30 p.m. and the
NYMEX Trade Correction Area will close at 3:15 p.m., the TMS trade
allocation screens will be available until 4:30 p.m.  The COMEX Division's
OLTE System will be available for corrections until 2:30 p.m.  In the event
that you require additional time to process work, or have questions
regarding early close procedures, please call Fred Tantao 299-2045, Rob
Stasi 299-2067, George Henderson 299-2071, Les Faison 299-2070 (NYMEX
Division) or Michael Campanelli 299-2072, David Sherman 299-2061 (COMEX
Division).

*    Option Expiration Procedure will be conducted at approximately 3:15
p.m. for the ON, OH & GO June 2001 contract months.
**  Option Expiration Procedure will be conducted for the HX June 2001
contract month.
*** All Electricity Future and Option contracts on NYMEX Access will close
at 1:00 p.m.

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


A rate payer relief bill  passed AB 1156 which would
transfer $150,000,000 from the general fund  to a subaccount within the
Special Fund for Economic Uncertainties.
would appropriate those funds from the subaccount, to the commission, to
reduce the adverse impact of high-cost wholesale energy purchases on certain
ratepayers if a specified rate ceiling is in effect, and if the commission
determines that a specified revenue shortfall would result in a ratepayer
surcharge greater than 10%, and the electricity rates were directly linked to
Power Exchange costs.
declare that, on January 1, 2004, any remaining balance in the account would
revert to the General Fund.
become operative only if AB 265 is enacted, as specified.
 take effect immediately as an urgency statute.
Attached is the bill
http://info.sen.ca.gov/pub/bill/asm/ab_1151-1200/ab_1156_bill_20000830_amended
_sen.pdf


I am teaching a class at Rice and one of my very bright students sent her
resume
in response to this posting. Do you know who posted this job?

Vince Kaminski

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:27 PM ---------------------------

"Helen Demianenko" <demianen@hydrant.ruf.rice.edu> on 04/24/2001 02:11:05 PM
Please respond to <demianen@rice.edu>
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Job posting

Dear Vince,

Thanks for talking to me this morning about the Sr. Risk Analyst position.
Here is where you can find the job description for that position:

http://www2.enron.com/jobs/cgi-bin/get_details.pl?id=0000108729&b=4x

Also, I have cut and pasted it down below, just in case.

I appreciate your assistance in this matter and will start working on my
cover letter right away.
I would also like to talk to somebody to get a better feel for the position
(Is this really an MBA level position and how much of the in-depth learning
opportunities for the derivatives market does it entail?)

Sincerely,

Helen Demianenko

P.S. I have attached my resume (one more time).

SR RISK ANALYST
ESSENTIAL FUNCTIONS: Primary accountability for managing the ETS Risk Book
structure and processes from a pipeline (front office) perspective. Work
within current NNG and TW Marketing organizations to effectively integrate
risk books into daily marketing and structured product activities. Provide
feedback to management regarding overall and specific risk positions.
Provide support for consistent and accurate deals entry/reporting for stand
alone risk management system. Create ad-hoc reports to assist management in
risk analysis. Responsible for managing and providing enhancements to the
Capacity Books :? Maintain functionality and provide leadership for new
functionality from a users perspective. Provide support and direction for
integration of Capacity Books and Revenue Management Project.Support Revenue
Management Team
ESSENTIAL REQUIREMENTS: BA/BS in Finance or Accounting (MBA preferred).
Minimum of two years financial instruments experience. Excellent
quantitative/analytic and systems skills. Knowledge of commodity risk book
concepts. Understanding of physical natural gas market, interstate
transportation and financial derivatives. Ability to interface with
structuring/marketing groups in order to define business requirements.
Ability to provide leadership for business and system processes. Excellent
communication skills with an ability to communicate across organization with
varied skill sets and ideas. Must be self-motivated with a high level of
energy

PREFERRED SKILLS: NA.

SPECIAL CHARACTERISTICS: This job functions in a team-oriented, fast-paced
environment with multiple concurrent assignments and constantly changing
priorities.

CONTACT: Responses will be accepted through May 3, 2001. Respond to Enron
Corp., Human Resources 235, P O Box 3330, Omaha, NE 68103-0330 or e-mail:
dea.crum@enron.com as a .doc or .txt attachment. Please include this
requisition number.

Job ID  0000108729
Department  RISK MANAGEMENT & REPORTI
Company  ENRON TRANSPORTATION SERVICES
ENRON TRANSPORTATION SERVICES
Location  HOUSTON, TX
Type
Posting date 19-APR-01

 - Helen_D_resume.doc


----- Forwarded by Steven J Kean/NA/Enron on 10/10/2000 02:53 PM -----

	Ann M Schmidt
	10/10/2000 11:55 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Meredith
Philipp/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Mary
Clark/Corp/Enron@ENRON, Laura Schwartz/Corp/Enron@Enron, Elizabeth
Linnell/NA/Enron@Enron
		 cc:
		 Subject: Fenosa and Enron to Invest $550 Million in Dominican Republic

Fenosa and Enron to Invest $550 Million in Dominican Republic
10/10/0 12:43 (New York)

Fenosa and Enron to Invest $550 Million in Dominican Republic

     Madrid, Oct. 10 (Bloomberg) -- Union Electrica Fenosa SA,
Spain's third-biggest power company, and Enron Corp., the world's
largest energy trader, will invest together in the Dominican
Republic, kicking off the alliance by building a $550 million
power plant and re-gasification facility.
     The partners will build a natural-gas-fired power station
whose 500-megawatt capacity will represent 30 percent of the
country's current electricity demand, said Fenosa in a note,
confirmed with the company.
     The generator will run on liquefied natural gas when it
starts operating in 2002, switching to fuel from the re-
gasification plant when it starts operating in 2003.
     Fenosa has had an alliance with International Power Plc,
formerly National Power Plc, since 1998. That alliance focuses on
Europe, the U.S. and Australia, a Fenosa spokeswoman said today.
     Enron was the first U.S. utility to receive licenses to buy,
sell and import electricity in Spain, after the government started
opening energy markets to competition in 1998. It's also licensed
to market natural gas.
     The Texas-based utility is building a gas-fired power plant
in southern Spain, has a wind turbine factory near Toledo, and
plans another windmill factory in Catalonia.

--Brooke Nelson in the Madrid bureau (34 91) 700-9600 or
b.nelson@bloomberg.net   /ph

Story illustration: UNF SM <Equity> COMP D to chart Fenosa's
performance against the IBEX index.

TOP NRG

DJ Union Fenosa/Enron -2: Construction To Begin 2001 >E.FEN
10/10/0 12:40 (New York)

  MADRID (Dow Jones)--Spanish electricity company Union Electrica Fenosa SA
(E.FEN) said late Tuesday it has reached an agreement with U.S. energy company
Enron (ENE) to invest in energy infrastructure projects in the Dominican
Republic.
  In a release, Fenosa said the deal involves the construction of a
combined-cycle power plant with a 500MW potency, which will use natural gas
from a regasification plant on the island nation.
  The 500MW potency is equivalent to 30% of the Caribbean island's electricity
demand.
  The deal also includes a complimentary project, Fenosa said. This is the
construction of a regasification plant on the republic's coastline, with a
capacity for treating gas equivalent to the consumption of various groups of
combined-cycle plants with a potency of 1300MW.
  The investment for these two projects is seen at around $550 million, of
which $100 million could come from Dominican companies, Fenosa said.
  Fenosa and Enron estimate that construction of the two projects will begin
in
early 2001, with the power plant coming online in 2002. It will operate with
combustible liquid until 2003, at which time the regasification plant comes
online.

  (MORE) DOW JONES NEWS  10-10-00
  12:40 PM- - 12 40 PM EDT 10-10-00


Hi, Jason!  Please send me your phone and fax.  Do you still have voice mail
over here?  Regarding your message, I have asked Paul to consider items 1,2
and 4 since each bears upon credit.  I'll get back to you.
On a different note, how would you like some more work?  Call when you're
free.  Sara

	"JASON PETERS" <PETEJ@andrews-kurth.com>
	08/01/2000 08:16 PM

		 To: <sara.shackleton@enron.com>
		 cc:
		 Subject: Arizona Public Service Company

Sara,

The following items are outstanding issues with respect to the
above-referenced ISDA:

1. Arizona Public Service Company plans on executing the ISDA as Arizona
Public Service Company, on behalf of its Bulk Power Marketing Resource
Operations Division ("BPMROD").  It is APSC's intent in the future to create
a new entity for this division, such new entity to enter into all trading
transactions.  As a result, it is ASPC's desire to  modify the definition of
"Specified Transaction" to only include transactions between Party A and
BPMROD.

2. Procedures for Entering into Transactions - ASPC would like 5 days to
dispute or accept confirmations.  Apparently, all of their agreements provide
for 5 days, therefore any shorter time period could cause problems for them.
I had previously offered 3 days.

3. Part 5 (f) Recording - ASPC wants to consent to recordings on "trading
lines only".  They do not want to consent to officers (non-traders) being
recorded if the communication does not occur on a trading line.

4. Part 5 (g)(B) - Setoff -  ASPC wants to delete "or any of its Affiliates"
from this section.  ASPC thinks this issue is related to their issue in #1
above.  I don't see why.  What do you think?  I assume that we are not
willing to strike "or any of its Affiliates".

The only other issue is a credit issue which I am handling with Paul Radous.
So, we're close.  Let me know what you think.

Jason


Summary Risk Data as of 	21Dec2001	Previous

Active Financial Deals	       71	      71
Active Physical Positions	       40	      40
P&L  Daily ($thousands)	       47.0	      0.5
VaR ($thousands)	    1,611.4* 	    1,533.8*

ETS Margin Account Deals	        0	        0

*The VaR continues to be over the ETS VaR limit of $1,000,000.

Company	 MTM by Counter Party 	 Asset 	 Liability 	 Net 21Dec01 	 Previous 	 Change
NNG	EL Paso Energy Marketing	          17,814.4 	 (20,111.0)	         (2,296.6)	   (2,294.5)	              (2.1)
NNG	Reliant Energy Services	                 76.5 	            -   	              76.5 	         76.5 	                 -
NNG	TransCanada Energy 	          22,482.7 	 (21,862.1)	             620.6 	       620.3 	               0.3
NNG	Grand Total	          40,373.6 	 (41,973.1)	         (1,599.5)	   (1,597.7)	              (1.8)

The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest. NNG is owed $4.8mm and TW is owed $33.9mm.  Amounts are past due.

Definitions:
Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions.

P&L  Daily:   Daily change in the  mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.  This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.

VaR is "Value at Risk":  Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.  This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.


I am not aware of any reason to hold up the suit. ECT is OK


Attached please find the DASH outlining the new terms and conditions and the
extra language suggested by Donahue and Dietrich.

I have arranged the "unity of knowledge" conference call for tomorrow
(Wednesday) at 4:30.

Mark -- Can we use your office or should I reserve a conference room?

Regards,

Heather


-----Original Message-----
From: 	Ken Lay - Office of the Chairman
Sent:	Friday, November 09, 2001 3:14 PM
To:	DL-GA-all_enron_worldwide1
Subject:	IMPORTANT VIDEO ANNOUNCEMENT

I have a very important video announcement about the future of our company.  Please go to <http://home.enron.com/message/> to access the video.  Thank you.


Tana:
. Allegheny Energy Supply Company, LLC is okay to trade U.S. power products.

Leslie


Steve -

I am extremely interested in looking at Enron regulatory/government affairs
and I would appreciate the chance to talk with you if you have some time this
week.  I remembered your name from my first stint in EBS Latin America (I
worked on a few regulatory issues as part of the origination function) and I
would be interested to hear your thoughts on career opportunities within your
group as well as anything that I can do from a personal standpoint.  If you
have some time, please let me know.

PL

--------------------------------------------------
Palmer Letzerich
Enron Broadband Ventures
Tel:  (713) 345-8050
Cell: (713) 594-6746
--------------------------------------------------


I am still working on this audit and I have found in Legal's Financial Lotus Notes tracking system that Morgan Stanley Capital Group Inc., created by Lisa Wheeler on 2/23/97, the status says "Draft Sent".

It should be changed to "Executed" since there is an executed copy of their Master Energy Price Swap Agreement in Livelink.  This particular Morgan Stanley's Contract number is 95000191, CP #9409.

Let me know if you have any questions.
-g

Georgi Landau
Enron Net Works
(Ph) 713/345-4435
(Fx)  713/646-2495


Peoples - expires October 2004
Index risk: Chicago
Basis risk: Chicago, NGPL Mid-continent, Trunkline, Ventura

Sithe - expires December 2014
Index risk
Basis risk: ANR-Southeast, ANR - Southwest, PEPL

Northern Border Transport  Monchy & Ventura to Chicago - expires December 2008
Basis spread risk between Ventura and Chicago

Hunter
x34772


In caps you can see that there is is length under sce1 under ECTSTCA2 and
EES2.
EES2 is shaped.  On Saturday(03/17), we have an 51 and 58 mws in EES2 for HE
14 and 15 respectively.  47 and 54 mws of this length in EES2 (HE 14 and HE
15) is from Riverside and is actually ST-CALI's length.  We are profit
sharing the 47 and 54 mws with ST-CALI, 50/50 above $150.  Buy under ST-CALI
from imbalance and sell under ST-CALI to another SC(or whomever).  Then make
an annuity to ST-Whourly from ST Cali.

ALSO...ECTSTCA2 is 50 mws long all day on 3/18, and 50 mws long light load
for3/19 in SCE1.
We are doing the standard profit share with ST-CALI(50/50 as above) at a
basis price of $175.
If you have any questions, please call me (503) 887-3449.

Thanks,
Bill


Gary, Peter,

This is a copy of my London presentation. I expect to
make some minor changes to this presentation for March 13.

Vince

Vince Kaminski

"Jackson, Gary L." <gljackson2@tva.gov> on 02/27/2000 03:07:13 PM
To: Vince J Kaminski/HOU/ECT@ECT, "'Peter Tufano'" <ptufano@hbs.edu>
cc: "DeMars, Suzanne" <sdemars@tva.gov>
Subject: RE: March Real Options Conference

 <<REAL OPTIONS VALUATION IN THE NEW ECONOMY>>

This is a draft of what I was thinking of presenting.  I was not planning to
go over any specific options or OPAs (these are covered by confidentiality
clauses and I have to be careful from a competitive standpoint) but to give
the audience a few of the "real world" applications and challenges.  I
welcome any thoughts or comments.

Gary

> ----------
> From:  Peter Tufano[SMTP:ptufano@hbs.edu]
> Sent:  Friday, February 18, 2000 4:56 PM
> To:  vkamins@ect.enron.com; gljackson2@tva.gov
> Subject:  RE: March Real Options Conference
>
> Dear Vince and Gary,
>
> We are all speaking at the March Real Options Session in NY.   My work in
> real options in the energy field has come, to a large part, from my
> casewriting in your two organizations, so I feel that we should probably
> allocate more time toward your presentations and less to mine.   While we
> have a two hour block among the three of us, I think we can freely
> re-arrange things to produce the best result.  Would you two like to
> schedule a brief conference call to coordinate our talks?    I am free
> virtually all of next Wednesday 2/23, perhaps we could talk at 10 am (EST)
> or 2 pm (EST)?   I am happy to arrange the call, if you send me your phone
> numbers.  Thanks.
>
> Peter Tufano
>
>
> ---------------------------
> Prof. Peter Tufano
> Harvard Business School
> Morgan Hall 377
> Soldiers Field
> Boston, Massachusetts 02163
> phone: (617) 495-6855
> fax:   (617) 496-6592
> email: ptufano@hbs.edu
> http://www.people.hbs.edu/ptufano
>

 - REAL OPTIONS VALUATION IN THE NEW ECONOMY.ppt


The American Heart Walk is coming soon!!  I will be collecting your $10.00 donation this week so that I can get it turned in on time.  Just wanted to Thank all of you again for your help!  If you have any questions just let me know.

Thanks,
Lisa x39194


Just an update... I spoke with V&E this morning and the sale has been put on
hold.  The negotiations broke down last week and, with the holiday, there has
been no further progress.

I'll let you know when I get an update.

Thanks,
B

 -----Original Message-----
From:  Ephross, Joel
Sent: Wednesday, February 28, 2001 11:31 AM
To: Shackleton, Sara; Funk, Brenda L.
Subject: FW: Raptor 2 - Sale of CEG/RioGas

 -----Original Message-----
From:  Baker, Ron
Sent: Thursday, February 15, 2001 9:12 AM
To: Siurek, Ryan; McKean, George; McKillop, Gordon; Ephross, Joel
Subject: Raptor 2 - Sale of CEG/RioGas

FYI
I was just notified that the sale of CEG and RioGas which are hedged in
Raptor 2 will likely close next week.  Current estimates indicate that the
loss on the sale will be around $30MM.  It is expected that the sale of the
one remaining South American LDC will result in gains that will more than
offset this loss.  Obviously, those expectations can change, but I wanted to
keep everyone informed on this.

Ryan - This expected realized loss is exactly the situation which most
concerned us in the meeting with Patti this week.  Is there anything we can
do to push them towards resolving that timing of realized losses is
irrelevent, and this is not an issue?


---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/03/2000 01:41
PM ---------------------------

06/30/2000 05:08 PM
Cooper Richey
Cooper Richey
Cooper Richey
06/30/2000 05:08 PM
06/30/2000 05:08 PM
To: David Parquet/SF/ECT@ECT
cc: Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
Subject: Price Cap Graphs

Dave,

Here is the next cut,

I've listed assumptions and added the regulation to the ancillary service
component


Lucy,

Here is the rentroll for this Friday.  Sorry it is so late.

There are a few problems with the rentroll from 2/2.

1.  I know you mentioned the deposit would be 5360.65 which is what the bank
is showing, but the rentroll only adds up to 4865.   The missing money on the
spreadsheet is probably the answer to my other questions below.

2.  #1 Did he pay the rent he missed on 1/26?

3.  #3 Did he miss rent on 1/26 and 2/2?

4.  #11 Missed on 2/2?

5.  #13 Missed on 1/26?

6.  #14  missed on 2/2?

7.  #15 missed on 2/2 and has not paid the 95 from 1/19?

8.  #20a missed on 2/2?

9.  #35 missed on 2/2?

My guess is some of these were paid but not recorded on the 2/2 rentroll.
You may have sent me a message over the "chat" line that I don't remember on
some of these.  I just want to get the final rentroll to tie exactly to the
bank deposit.

Will have some time today to work on a utility letter.  Tried to call Wade
last night at 5:30 but couldn't reach him.  Will try again today.

I believe that a doctor from Seguin is going to make an offer.  Did you meet
them?  If so, what did you think?

Phillip


Elizabeth Edwards 44 20 7783 4419 (JT- Assistant)


better than you could have ever imagined.

-----Original Message-----
From: Parks, Joe
Sent: Thursday, February 14, 2002 11:56 AM
To: Zisman, Stuart
Subject: RE: Centana Transaction

damn your good

-----Original Message-----
From: Zisman, Stuart
Sent: Thursday, February 14, 2002 11:55 AM
To: Nemec, Gerald
Cc: Schneider, Chip
Subject: Centana Transaction

Gerald/Chip,

Could you tell me how to proceed on this deal.  This differs a bit from the deal that was originally discussed but seems to make sense.  Please disregard the second attachment at it relates to a modification of the Storage Agreement that has not been discussed (and one that we are not willing to make).  Also, the letter as drafted does not contemplate (but we will insist on) placement of the proceeds from the sale of gas associated with pre-petition amounts into escrow with some third party until some resolution is reached on those amounts.

By way of example, if Centana is owed $100k pre-petition, $150k post-petition and has $1,000,000 worth of gas in the ground, Centana would remit (i) $100k to an escrow agent for subsequent resolution and disposition and (ii) $750k to ENA ($900k offset by the $150k for post petition obligations).

The key issue is what level of approval is needed to do this.  A strong case could be made for Cash Committee only because no pre-petition amounts are being paid (and no resolution of those amounts is being reached).  Rather, we are just converting the commodity to cash when the market is higher than it has been over the past several weeks.

Another good reason for doing this is that after the cavern is empty, we can argue that we are not using it and therefore no more post-petition obligations continue to accrue following the consummation of the deal (while we decide to accept or reject).

Please advise at your earliest possible convenience.

Thanks

Stuart

-----Original Message-----
From: Parks, Joe
Sent: Thursday, February 14, 2002 11:31 AM
To: Zisman, Stuart
Subject: FW: cipco storage obligations draft letter proposal

give them a once over

-----Original Message-----
From: Greg A. Swidensky [mailto:gaswidensky@duke-energy.com]
Sent: Thursday, February 14, 2002 11:15 AM
To: Parks, Joe
Subject: cipco storage obligations draft letter proposal

here you joe...let me know what your  comments are

(See attached file: StorageLeaseLettterAgree2-14-02.doc)

(See attached file: StorageLeaseRevisions-2.doc)


1. PG&E Bankruptcy
 Update
 PX Credit Discussion
 Creditors Committee Issues
 Enron Response - Legal, PR, Other

2. Legislative Update

3. CPUC Update


Tana:

Please prepare a bilateral NDA (based upon the Enron Net Works form) between
EnronCredit.com Limited and Oracle Corporation.  Delete any references re the
EOL web site from the form and revise the term of the confidentiality
obligation to 2 years from the date of disclosure of the Confidential
Information.  Forward the NDA to George Zivic when it is ready to go out.
George would like to distribute to Oracle today if possible.  He needs an
executed agreement in place for a Monday meeting.

Leslie


I am on back to back conference calls.  What would you like me to do to help
get materials prepared for Ken Lay?  I'm available at about 11:45 AM my time
if you'd like to try to talk then.  Just let me know.

Best,
Jeff


-----Original Message-----
From: 	McKeel, Richard
Sent:	Friday, December 14, 2001 4:45 PM
To:	Brodeur, Stephane; Laporte, Nicole; Hedstrom, Peggy; Johnston, Greg; Gaffney, Chris; Marryott, Michael; Cappelletto, Nella; Dawes, Cheryl; Devries, Paul; Zufferli, John; Le Dain, Eric; Dupuy, Mark; Gillis, Brian; Heal, Kevin; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole
Subject:	I:\NewCo file inventory

Everything from Ops, Trading, Marketing, and Development in Calgary, plus Mike's inputs from Toronto, has been consolidated into one master index.  The file is located at

	I:\NewCo\00_README.xls

If you have additional items to add to your directories, or I have not yet received inputs from you, please update the master index.  There is one tab for each department.

Thanks,
Richard C. McKeel
Enron Canada Corp.
Phone: 403-974-6742
Fax: 403-974-6706


CES was billed $1,597,000 in demand reimbursement for 6/00 prod.  Can you
split this amount between East and MktEast?

Thanks!


see attached.
---------------------- Forwarded by Tim Belden/HOU/ECT on 01/24/2001 01:59 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Michael M Driscoll                           01/24/2001 11:08 AM

To: Tim Belden/HOU/ECT@ECT
cc:
Subject: lavodeal1


FYI,   Haven't seen Drew's markups yet.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 10/12/99 02:14 PM
---------------------------

	Enron North America Corp.

	From:  Drew Fossum @ ENRON                           10/12/99 12:30 PM

To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: Gallup Contracts

I am sending you simultaneously a markup of the Gallup contracts.  To save
some time, attached is the insert for the conversion agreement.  Thanks.  DF


Dale said it was ok for me to send this to you.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/17/2000 01:24
PM ---------------------------

Dale Rasmussen@ECT
11/16/2000 08:27 PM
To: Kay Mann/Corp/Enron@Enron, jacquelinelindo@akllp.com,
paulpipitone@akllp.com
cc: Bill Williams/PDX/ECT@ECT, Ron Coker/Corp/Enron@Enron, Andrew
Kelemen/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT

Subject: GE Breakout contract--Las Vegas Cogen

Thanks for the current draft contract.  I have gone through it and plugged in
the relevant information I have from the Summary Sheet that GE approved
earlier.

What I don't have, and am most interested in obtaining from whatever source
has them, are the following:

 1. Purchase price information (based on the current outstanding balance)
 2. Payment schedule (based on current outstanding balance) for Section 6.1.2.
 3. The massive volume of specifications and GE boilerplate that is to be
attached to the contract as Exhibits and Schedules.
 4. A form for Exhibit U, setting out the correct site-adjusted information
for these 4 turbines.
 5. Unit number identifications and guaranteed delivery dates for each of the
turbines.

We are prepared to fill in the unit-specific information beyond that which we
have already incorporated in the body of the document, and can fill in
specific numbers in Exhibit U, but need to have the remaining information.

Please note that there appears to be a couple of residual references in the
contract that may not or are not relevant to all contracts.

First, Section 10.10.6 (regarding maximum aggregate liquidated damages)
references 30% of the Purchase Amount.  It should be 30% of the Maximum
Liability Amount (according to the summary GE approved earlier).

Second, the contract provides for "Optional Electrical Output Guaranty" and
associated liquidated damages in 10.7.3.  This guaranty by its terms applies
only to installations utilizing 6 or more turbines.  I have deleted it from
the LV contract.

In addition, Bill Williams has told me that the site-adjusted performance
levels that GE provided for the summary information sheet are different (and
less favorable to the project ) than those GE provided him in other
documents.  We will need to confirm those numbers with GE.

Is there a contact point at GE whom we should talk with about getting the
information/Exhibits we need, or do we have the information already?

Please let me know.  We are in serious need of providing a document to our
prospective purchaser.


FYI

-----Original Message-----
From: rlstone@bpa.gov [mailto:rlstone@bpa.gov]
Sent: Monday, August 20, 2001 9:22 AM
To: OASISPOSTINGS-L@LIST.TRANSMISSION.BPA.GOV
Subject: OASIS Posting - Redispatch and Curtailment Procedures Final

Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/BusPractices/forum/messageview.cfm?catid=17&threadid=94.doc

For questions or comments, please contact your Transmission Account Executive.


Thanks to Delaney's efforts, attached are the redline and clean drafts
from today's discussions.

The changes reflect the discussions among those groups attending today's
negotiation.  With TURN absent, we sorted through the issues to the best
of our ability, but recognize that the draft does not reflect TURN's
comments.  Mike and Lenny, please note particularly that we deleted the
"flag" on recharacterizing the DRC payment through 2002 for under 20 kW
customers since we had not yet received proposed language from you.  We
will  include the language tomorrow if it is available.

 - CLEAN Draft Issues Outline 6-26-01.doc
 - Draft Issues Outline 062601 (Redline 062001).doc


Sorry for the delay.  Here is the letter


Stamp of approval.  Mike J. Miller is the right guy from ENA to sign.  Please
let me know if you have any trouble getting a signature from any of the
parties.

Thanks,

Mitch
---------------------- Forwarded by Mitch Robinson/Corp/Enron on 12/13/2000
08:06 AM ---------------------------

DeKrey Lynn <Lynn.DeKrey@swpc.siemens.com> on 12/12/2000 04:58:08 PM
To: "Mitch Robinson (E-mail)" <Mitch.Robinson@enron.com>
cc: Monahan Bill <Bill.Monahan@swpc.siemens.com>

Subject: FW: Letter agreement

Mitch
This is acceptable, please submit

Lynn DeKrey

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Sunday, December 10, 2000 5:05 PM
To: lynn.dekrey@swpc.siemens.com
Subject: Letter agreement

---------------------- Forwarded by Kay Mann/Corp/Enron on 12/10/2000 04:08
PM ---------------------------

Kay Mann
12/10/2000 04:03 PM

To:   Mitch Robinson/Corp/Enron@Enron, lynn@dekrey@swpc.siemens.com, Ross
      Newlin/HOU/EES@EES
cc:

Subject:  Letter agreement

Gentlemen,

I've revised paragraph 5 to reflect our discussion.  Also, I made a change
to paragraph 7 to include technical bulletins per Mitch's request which we
did not discuss on our call.

(See attached file: WestinghouseProposal to Resolve Issues on Enron - Dec10
SWPC.doc)

Please let me know if you have any questions or comments.

Kay

713 345 7566

 - WestinghouseProposal to Resolve Issues on Enron - Dec10 SWPC.doc


Tax gave us the same feedback. Davis had not yet updated the model for this.
Thanks.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Chandler, Bob <Bob.Chandler@ENRON.com>
To: Howard, Kevin A. <Kevin.Howard@ENRON.com>; Hayslett, Rod <Rod.Hayslett@ENRON.com>; Geaccone, Tracy <Tracy.Geaccone@ENRON.com>; Saunders, James <James.Saunders@ENRON.com>; Corman, Shelley <Shelley.Corman@ENRON.com>
CC: Desai, Jayshree <Jayshree.Desai@ENRON.com>; Walters Jr., Harry <Harry.Walters@ENRON.com>; Guthrie, Robert <Robert.Guthrie@ENRON.com>
Sent: Tue Feb 12 13:54:03 2002
Subject: RE: NNG 10 year valuation model

Maybe I'm not looking at this appropriately, but why didn't the deferred taxes on the balance sheet disappear as of the date of sale to Dynegy?  My understanding is that the Option provided for a Section 338h10 basis step-up.  That would result in NNG's paying off its deferred taxes as of the transfer date.  I'm particularly interested in knowing how NNG will pay those taxes given that the note with Corporate can only be reduced to $240MM plus accrued dividends.  That tax election complicates the accounting significantly.

		 -----Original Message-----
		From: 	Howard, Kevin A.
		Sent:	Tuesday, February 12, 2002 10:35 AM
		To:	Hayslett, Rod; Geaccone, Tracy; Chandler, Bob; Saunders, James; Corman, Shelley
		Cc:	Desai, Jayshree
		Subject:	NNG 10 year valuation model

		I met with Jayshree Desai this morning to discuss the recommended changes to the NNG valuation model.  She will make these and circulate the model later today.  I few items worth mentioning -

		1) Capex assumptions still seem too high for 2002-2004.  However, the 2002 number is some $30 million below the "Dynegy transition" capex amount shown in the 2002 Capex schedule.  Can we just assume non-discretionary only with the Base Gas repurchase in 2002/2003? Any discretionary would be commercially-driven.
		2) Keep O&M flat to 2001 numbers?
		3) Tracy / Shelley - Any thoughts on how to incorporate the contract info to better analyze the "contract roll off" scenarios? We have just assumed the 2002 Plan with 1-2% growth rate going forward with a new rate case in effect in 2005. Rod, not sure how you want to look at rate case assumptions or expansion opportunities but we can discuss tomorrow.  Recognizing the volume of NNG contract info and the time constraint we are under, there may or may not be any better alternative.
		4) Rod - we have assumed an equity infusion of $175 million to re-capitalized NNG to more "reasonable" levels.  I can reduce the amount to $112,500,000 which is the Citibank prepay amount allocated to NNG if that sounds reasonable.
		5) We will show a reduction in A/R of $1.807 billion and a corresponding reduction in equity due to the MCTJ loan.

		Any thoughts you have on the above items would be very helpful.  We are trying to send out the info memo by the end of the week.  This model will be the basis for the NNG valuation.

		Thanks,
		Kevin


jeff, will you fax to him.
talk to weil and expect them to back down. thanks
 -----Original Message-----
From: 	"Rick Antonoff" <Rick.Antonoff@cwt.com>@ENRON
Sent:	Thursday, October 18, 2001 7:13 PM
To:	Mellencamp, Lisa
Cc:	David Mitchell
Subject:	Bethlehem Steel

I was able to obtain copies of the petition, utility order and other
pleadings in the Bethlehem case via the court's internet site.  I would
like to see the contract(s) that ENA has with Bethlehem to determine
whether there is any basis to deem ENA a utility for purposes of section
366.   For our conflicts check, I need to know which Bethlehem company(ies)
the ENA contract is with.  As far as I see in the motion, only ENA is
listed as a utility.

Interestingly, in the motion, the debtor states: "Nothing contained herein
shall constitute an admission by the Debtors that a listed entity is a
utility entitled to the protections afforded by section 366 or any other
provision of the Bankruptcy Code."  Indeed.

Nevertheless, for the time being, the order does prohibit the "Utility
Companies," which definition includes ENA, from altering, refusing or
discontinuing service to, or discriminating against, the Debtors. While
arguably ambiguous as to whether ENA is rendering a service or whether
closing out the contract is discrimination, prudence dictates complying
with the order until we get it changed.

What I'm thinking as far as strategy is that if we conclude that the
contract is a forward contract, we try to convince Bethlehem's attorneys to
remove ENA from the list of utilities and amend the motion and the order
accordingly.  If they don't and the dollars involved in closing out the
contract are significant -- bearing in mind that the order "authorizes" but
does not direct Bethlehem to pay postpetition invoices for services
rendered by the utilities -- then we move for a declaratory judgment that
ENA is not a utility within the meaning of section 366.

Regards.

______________
Rick B. Antonoff
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY 10038
Phone: 212 504-6759
Main Fax: 212 504-6666
Local Fax: 212 993-2539
Mobile: 917 287-6391
Email: rick.antonoff@cwt.com

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================


Attached is the Deemed ISDA for the referenced counterparty.  Please remember
to fax the counterparty U.S. IRS Tax Forms  1001 and Form W-8.  Thanks.


[IMAGE]
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[IMAGE]


Sorry to hear of it.  Later

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


Ray's take on this is consistent with the EPSA write up on the hearing.

	Ray Alvarez
	05/07/2001 03:49 PM

		 To: "Ronald Carroll" <rcarroll@bracepatt.com>
		 cc: <mmilner@coral-energy.com>, <rreilley@coral-energy.com>,
<ray.alvarez@ei.enron.com>, <acomnes@enron.com>, <cyoder@enron.com>,
<dfulton@enron.com>, <jdasovic@enron.com>, <jsteffe@enron.com>,
<linda.robertson@enron.com>, <rshapiro@enron.com>, <smara@enron.com>,
<snovose@enron.com>, <steve.c.hall@enron.com>, <gackerman@wptf.org>
		 Subject: Re: Fwd: Murkowski Challenges Capitalists To Cap Runaway Power
Prices In CA

I attended the Senate hearing, and Murkowski strongly supported FERC's
decision and was anti- price cap throughout the hearing.  In my opinion, the
author of this article misinterpreted what was going on at the end of the
hearing.  Commissioner Massey was trying to offer up a letter supporting
price caps, to be placed into the record.  My take is that Murkowski didn't
want the letter and, being totally skeptical of the financeability of
infrastructure under price caps, challenged Massey to come back with support
from the financial community for price caps.

"Ronald Carroll" <rcarroll@bracepatt.com> on 05/07/2001 01:16:37 PM
To: <mmilner@coral-energy.com>, <rreilley@coral-energy.com>,
<ray.alvarez@ei.enron.com>, <acomnes@enron.com>, <cyoder@enron.com>,
<dfulton@enron.com>, <jdasovic@enron.com>, <jsteffe@enron.com>,
<linda.robertson@enron.com>, <rshapiro@enron.com>, <smara@enron.com>,
<snovose@enron.com>, <steve.c.hall@enron.com>, <gackerman@wptf.org>
cc:

Subject: Fwd: Murkowski Challenges Capitalists To Cap Runaway Power Prices In
CA

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Mon, 07 May
2001 10:49:32 -0500 -----
To:	"Justin Long" <jlong@bracepatt.com>
cc:	"Aryeh Fishman" <afishman@bracepatt.com>, "Andrea Settanni"
<asettanni@bracepatt.com>, "Charles Ingebretson"
<cingebretson@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"Deanna King" <dking@bracepatt.com>, "Dan Watkiss" <dwatkiss@bracepatt.com>,
"Gene Godley" <ggodley@bracepatt.com>, "Kimberly Curry"
<kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Paul Fox"
<pfox@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject:	Murkowski Challenges Capitalists To Cap Runaway Power Prices In CA
FYI

Murkowski Challenges Capitalists To Cap Runaway Power Prices In CA

In what some observers believe could be a watershed change in rhetoric,
Senate energy policy leader Frank Murkowski (R-AK) is berating the capital
community for not coming forward and detailing what kind of ceiling on
wholesale power prices it would take to insure adequate generation -- but
head off continued economic damage to the state of California.

 The criticism signals that the chairman of the Senate Energy and Natural
Resources Committee has grown impatient with the hail of philosophical
charges and counter-charges that have followed FERC's April 26 order on the
California market and is turning elsewhere than FERC for a solution. Sources
also say it may be a signal that there is a majority on his committee that
would support some kind of legislative control on the wholesale power market
in the West.

"I am issuing an admonition to the financial community," Murkowski said at
the conclusion of a hearing on the recent FERC order. "If the financial
community will come in and say what terms and conditions they will need to
bring new generation into the state, we can cut through this chatter."

Among other provisions, the FERC order institutes a plan for price controls
during Stage 1 and higher power emergencies. Lawmakers at the hearing,
especially from California and the West, criticized the action as
insufficient to prevent price gouging.

FERC Chairman Curt Hebert said the limited nature of the price controls will
continue to provide the power industry with incentives to build power plants
in California.

Murkowski called on financial interests attending the hearing to settle the
debate.

"Tells us what you will or will not do under a price cap," said Murkowski.

Murkowski indicated that the answer to his question should come directly from
top figures in the financial community.

Murkowski also signaled that Congress may step in and take legislative action
on the California crisis.

"We have to question the adequacy of the order and introduce legislation to
address problems if necessary," Murkowski said.

The sentiment was echoed by other members of the Committee.

"We cannot allow our government to sit idly by and allow a tragically flawed
and easily manipulated power market wreak havoc on our economy," Sen. Maria
Cantwell told Hebert. "If you're not going to take action, Congress is going
to act."

All three FERC commissioners testified at the hearing but it was Chairman
Curt Hebert who was on the receiving end of most of the criticism.

"FERC has done a wonderful imitation of a potted plant," Sen. Byron Dorgan
(D-ND) told Hebert. "Regulation is not a four letter word. The market system
sometimes gets out of wack.

Commissioner William Massey also criticized FERC's order, and acted as
counterpoint to Hebert throughout the hearing. Commissioner Linda Breathitt
defended her support of the April 26 order.

"One thing is clear, you all don't get along very well," observed Dorgan.

"I'm amazed at what's been done," said Murkowski in defending FERC's action
over the past several weeks. "It's better than nothing."

"I've been disappointed," replied Dorgan. "I hope FERC decides it's a
regulatory body and steps up and takes some action."

Sen. Feinstein suggested to Hebert that FERC take a closer look at the impact
of skyrocketing natural gas prices on the exorbitant increase in electricity
prices in California.

In response, Hebert announced that FERC was holding a technical conference
May 24 on current and projected natural gas pipelines into California.

"I agree that this is a natural gas situation and we intend to look into this
as well," Hebert said.

Source: EnergyWashington.com
Date: May 4, 2001
, Inside Washington Publishers


Or are we running.


Monica

Our end might be imminent but let's make an effort to stay in touch
Other than losing a stable source of income, the sad thing is losing touch with a bunch of awesome people like you

Anyway, my email and number asf:-

winter_les@yahoo.com
lesthen@singnet.com.sg

Mobile : +65-98268758

What's yours?

Cheers

Leslie Then

Enron Industrial Markets
391B Orchard Road #10-03
Ngee Ann City Tower B
Singapore 238 874

Tel       + 65-838-9012 / 838-9010
Fax      + 65-734-2868
Mobile  + 65-9826-8758
Email    Leslie.then@enron.com


We are prepared to file the Hart-Scott-Rodino ("HSR") Form with the Federal Trade Commission and Department of Justice on Tuesday, Nov. 13th.  I have received the necessary statutory notice from Dynegy that was a prerequisite to our filing.

Please confirm to me that since Friday, Nov. 12th, we have not prepared any additional HSR Item 4(c) documents in connection with the proposed merger or Northern Natural Gas transactions with Dynegy.  Item 4(c) requires the parties to the filings to provide to the FTC and to the DOJ the following:

"all studies, surveys, analyses and reports which were prepared by or for any officer(s) or director(s) (or, in the case of unincorporated entities, individuals exercising similar functions) for the purpose of evaluating or analyzing the acquisition with respect to market shares, competition, competitors, markets, potential for sales growth or expansion into product or geographic markets..."

Please also circulate this E-Mail to any other member of the Working Group who may have knowledge or possession of any Item 4(c) documents.

Thanks for your help!
Robert


i don't know.  work pays for it.


John, the attached is a summary by Greg of the financining for the turbines
purchased from New Brunswick Power.

In summary, ECC pays the bank, West LB directly in three installments under
an off-balance sheet lease financing arrangement.  The first installment of
$US 9MM was made Dec. 1/99.  The next installment is due Feb. 1/00 of $US
8MM, and the third installment is due roughly March 31/00 of $US 8MM. The
"drag" on the financing is that West LB through whom ENA structures its
off-balance sheet turbine financings is not a Canadian resident for tax
purposes, and therefore is not tax efficient to ECC in that there is a 15%
withholding tax payment on the interest (not principal) component of each
lease/financing payment.  An off-balance sheet financing with a Canadian
resident financial institution would eliminate this tax inefficiency, and
this is what I was referring to when I indicated some work may still be
required to restructure the turbine financing.  The withholding tax if we
keep this structure will total roughly C$ 500,000 over all of the
lease/financing payments (Chris Calger has the exact figure).  Any decision
to change the structure should have regard to these costs and the transaction
costs and fees associated with finding a new Canadian resident off-balance
sheet lender.  In addition, if we decide to keep the turbines, or sell or
transfer the turbines to ENA or a third party (depending on commercially what
it is we decide to do with them), additional work may be required to take
title to the turbines, or to assign/restructure the West LB financing and the
New Brunswick Power purchase agreement.  I am confident that the bulk of
commercial legal work for any of these transactions can be handled
internally, but that the tax legal work may require the input of outside
counsel.

We are also obligated to pay GST, but this is ultimately reimbursed through
the lease financing (althoguh there is a time value of money component that
is not recovered from the time GST is paid and when the GST rebate is made).
---------------------- Forwarded by Peter Keohane/CAL/ECT on 01/26/2000 10:20
AM ---------------------------

Greg Johnston
01/25/2000 05:22 PM
To: Peter Keohane/CAL/ECT@ECT
cc: Eric LeDain/CAL/ECT@ECT
Subject: WestLB Transaction

Peter, referring to your request for an update as to the status and mechanics
of the West LB transaction relating to our acquisition of the NB Power
turbines, please be advised as follows:

1.  Although ENA executed the Acquisition and Development Agreement (the
"Agreement") with WestLB, all of ENA's interest in that Agreement was
immediately assigned to Enron Canada, meaning that we are directly
responsible for making all funding requests and all cost of borrowing
payments to WestLB.

2.  The initial payment on the turbines was made through WestLB for an amount
of US$9,000,000 on December 1, 1999.  GST was payable on US$5,000,000 of that
amount.

3.  The next installment is due to NB Power on February 1, 2000 and is for an
amount of US$8,000,000.  Laura Scott will be initiating the funding request
in the next day or so to allow the advance to be a LIBOR advance.  WestLB
will then attend to paying the installment payment (plus GST) to NB Power on
Feb 1.

4.  The final installment payment is for an amount of US$8,000,000 and is due
on the earlier of the date on which we commence disassembling the turbines
and March 31, 2000.

5.  The cost to Enron Canada for utilizing WestLB, who is not registered in
Canada to carry on business, is that we are required to pay withholding tax
of 15% on all costs of borrowing (ie. interest payments).  The interest is
calculated at a LIBOR rate.

6.  WestLB has now registered themselves in Canada for GST purposes and will
be making the required GST payments to NB Power and then applying for the GST
rebate, which rebate amount is for our account under the Agreement.

7.  WestLB is aware that, depending on how we proceed with our required use
of the turbines, they will be taken out either with respect to (i) the
interim financing or, if the interim financing period is short (ie. if we
were going to proceed immediately to finish paying for the turbines and
commence moving them), (ii) when we put the SPV in place to build the
project.

8.  If we determine that the turbines are to go to Houston and be moved into
the US, the withholding tax issue obviously disappears.  If we determine to
proceed with the project in some fashion but the interim financing period
will be more than a month or so, it probably makes sense to remove WestLB
from the interim financing, thereby saving ourselves the cost of the
withholding tax.  One potential fix is to bring in a Canadian bank to act as
funding agent, with WestLB continuing to bear the transactional risk, which
could reduce the cost to us of getting a new bank comfortable with the
financing arrangement.  We have not yet canvassed all the possible solutions,
so I have not thought through to the full extent whether this proposal is
viable.

I think that you are aware of the reasons that the determination was made to
proceed with WestLB despite the withholding tax issue, but if you would like
to discuss this any further or if there is anything else you would like to
discuss, I am happy to do so.

Greg


Now that we sent the first blow, lets get everyone together to discuss our
future steps.  Next week is a nighmare but perhaps you could set  up a
conference call sometime Tuesday or Wednesday afternoon.

Also, did Blakes definately drop us on this file or have they reconsidered.


Vince:  I'm sure that you are already aware of this, but I wanted to forward it to you since this didn't come up in our meeting the other morning....

Molly

 -----Original Message-----
From: 	Koepke, Gwyn
Sent:	Tuesday, April 10, 2001 1:20 PM
To:	rtlambert@mail.jhuwash.jhu.edu
Cc:	Molly Magee/HOU/ECT@ENRON
Subject:	Enron Recruitment

Dear Ron,

My boss, Enron's chief international economist, is interested in talking with SAIS grads who might want to come to Houston and do economics work.  Same drill as last time, looking for someone whose done the quant track but with excellent writing skills.  I think I sent you a job description a few months back.

Can you help identify some candidates, and send their resumes our way?  Molly Magee is our recruiting expert and she can help setup the interviews with Maureen.  Maureen is still in London on secondment but is available to interview people of the phone.

Thanks for your help.

Gwyn


Mark,

A reminder to forward Dave Matson and Rich Simon the May Curtailment
information in a format similar to Feb 02.

If you fill out the request and forward to Julie she can put a # on it.  I'm
not sure if there was already a WR for this, but if not and we do additional
work this new one could cover that work.

JD


IF + .0075 + transport + .17% fuel + $.0153


(See attached file: Bible Stories Prospectus.doc)  (See attached file:
Bible Stories Sample.doc)

John,
Don't get bogged down. Just go as deep as you want then skip to the next
chapter.

Wayne
207-1305
(See attached file: Bible Stories Prospectus.doc)
(See attached file: Bible Stories Sample.doc)
 - Bible Stories Prospectus.doc
 - Bible Stories Sample.doc