let's talk about these notes prior to your drafting.  please give me a call.
----- Forwarded by Jeff Dasovich/NA/Enron on 01/24/2001 11:26 AM -----

	Tamara Johnson@EES
	01/24/2001 11:11 AM

		 To: Harry Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, JMB
<JBennett@GMSSR.com> @ ENRON
		 cc: Neil Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Marc
Ulrich/HOU/EES@EES
		 Subject: UPDATED Dow Jones Index information

---------------------- Forwarded by Tamara Johnson/HOU/EES on 01/24/2001
11:02 AM ---------------------------

Tamara Johnson
01/24/2001 11:10 AM
To: Harry Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, JMB
<JBennett@GMSSR.com> @ ENRON
cc: Neil Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Marc
Ulrich/HOU/EES@EES
Subject: Dow Jones Index information

Additions from Jubran...

Proposed pricing mechanism:

Dow Jones Electricity Indexes, specifically their NP15/SP15 indexes.
- the indexes are based on weighted average prices and total volumes
- they measure "bilateral one-day prescheduled, financially firm transactions"
=> therefore the Dow Jones Index more accurately reflects market pricing
- Dow Jones has the right to randomly audit the data providers

why not the ex-post ISO?
- generators are not selling to California's ISO because of the $150/MWh
price cap,
=> therefore prices coming out of the ISO do not reflect real market prices
- there are purchases above the $150 soft cap, but the pricing of the out of
market transactions is explained to FERC only, this information is not in the
public domain
- if generators are not selling into the market, there is no liquidity,
therefore prices are not reflective of the prices that buyers must pay
- and generators may not be selling into the market due to the credit exposure

why not use the ex-post ISO price on an interim basis?
- because putting a false cap on the market price will result in price
increases to DA customers, contrary to AB1890, without due process
- Decision 99-06-058 set the foundation for the PX credit to reflect real
market prices, PG&E's proposal does not adhere to this.


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Training Agenda Includes:
? General Introduction.
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? Querying via Investexts free text module to retrieve industry-specific
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And

May. 16 - 10:30 -11:30 AM  EB572

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
5-7928
Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

http://esource.enron.com


Start Date: 4/22/01; HourAhead hour: 12;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042212.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 12 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TRADING_SC: CRLP
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 12 / Preferred: -100.00 / Final: -99.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TRADING_SC: EPPS
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 12 / Preferred:  64.64 / Final:  64.59)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


Hey - whats this "was" stuff????

Sherry Anastas
03/14/2000 12:38 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Invoices

Chris,

It was going to be one set of invoices.

Sherry


Well that's great!  By all means give Jim a call.  His name is James Docker.
email address is tsrdoc@mcn.org.  My phone file is in my car with Jack at
the moment, so thought email might suffice.  I can add phone later.
Good luck with the vines.
Dotty
----- Original Message -----
From: <Jeff.Dasovich@enron.com>
To: "Dotty Hopkins" <dottyhop@napanet.net>
Sent: Tuesday, July 31, 2001 8:13 AM
Subject: Re: Fw: Dubya--Who cares . . .

>
> Greetings Ms Dotty.  Hope you've managed to stay a night or two in your
> house recently.  Do you think that it would be OK to call your cousin in
> Sea Ranch?  I have some carpentry work I'd like done on my property (panel
> interior of cabin; build deck and gazebo) and thought I might get him, or
> someone who works for/with him, or someone he could recommend to help me
> out.  If you think he wouldn't mind having me call, might you have his
> phone number (and full name)?  As always, greatly appreciated.
>
> FYI:  Just talked to the guy from UC Davis who's in the field for
Mendocino
> County.  He says that by the sound of it, my property just might end up
> being vine-friendly!
>
> All the best,
> Jeff
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
> **********************************************************************
>
>


i was thinking about 25.  i'll sell everything on access down 15

Mike Maggi@ENRON
01/01/2001 05:28 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

15-25 lower


----- Forwarded by Jeff Dasovich/NA/Enron on 02/14/2001 06:48 PM -----

	Scott Govenar <sgovenar@govadv.com>
	02/14/2001 01:39 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "ryang@enron.com"
<ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>, "vsharp@enron.com"
<vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: Governor Davis - Legislative Package

Attached, please find a press release from Governor Davis regarding
distributed generation, renewable energy and co-generation.  Please
note, the Governor is advocating the elimination of stand-by charges.

http://www.governor.ca.gov/state/govsite/gov_htmlprint.jsp?BV_SessionID=@@@@11
72525339.0982192452@@@@&BV_EngineID=halkdjlkkhebemfcfkmchcng.0&sFilePath=%2fgo
vsite%2fpress_release%2f2001_02%2f20010214_pr054_distributed_generation.html&s
Title=GOVERNOR+DAVIS+ANNOUNCES+BILL+PACKAGE+TO+INCREASE+RENEWABLE+ENERGY,+DIST
RIBUTED+GENERATION+AND+CO-GENERATION&sCatTitle=Press+Release&iOID=13343


Check for ML


As per Lisa Bills:

& I have reviewed and am fine as drafted with Herman,s comments incorporated8

Thanks!
Megan Angelos

 -----Original Message-----
From:  Manis, Herman
Sent: Monday, May 21, 2001 2:39 PM
To: Carnahan, Kathleen; Engeldorf, Roseann; Bills, Lisa; Jacoby, Ben
Cc: Mann, Kay
Subject: RE: Form of Memorandum of Option

See comments therein.

 << File: FORM of Memorandum of Option (2001).doc >>

 -----Original Message-----
From:  Carnahan, Kathleen
Sent: Monday, May 21, 2001 2:30 PM
To: Manis, Herman; Engeldorf, Roseann; Bills, Lisa; Jacoby, Ben
Cc: Mann, Kay
Subject: Form of Memorandum of Option

Attached is a copy of our proposed Memorandum of Option that we would like to
use for our land options.  The Memorandum of Option will be recorded in the
real property records in the county and state where the property is situated,
and may need to be modified (as to form only) to comply with each state's
particular recording requirements.

Please let us know of your comments.

Thank you.

Kathleen

 << File: FORM of Memorandum of Option (2001).doc >>


Hey, I thought you were out.   I hope you noted that I was watching out for
you.

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 04/25/2001 07:52:33 AM
To: "'PARKER, Isabel'" <isabel.parker@freshfields.com>,
"'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: "Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com>, "Gregory F. Lang
(E-mail)" <gregorylang@paulhastings.com>, "Carolyn Campbell (E-mail)"
<CCampbell@KSLAW.com>

Subject: RE: FW: Pegasus - GE Documents

I would appreciate it if you would revert to previous language.  Thanks.

Kent

-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Wednesday, April 25, 2001 8:42 AM
To: 'Kay.Mann@enron.com'; PARKER, Isabel
Cc: Kent Shoemaker (E-mail); Gregory F. Lang (E-mail); Carolyn Campbell
(E-mail)
Subject: RE: FW: Pegasus - GE Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

No - I don't believe he did.  We made this change to conform with our credit
documentation.  We can revert to the previous provision if this is
problematic.
Isabel

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, April 25, 2001 8:41 AM
To: PARKER, Isabel
Cc: Kent Shoemaker (E-mail); Gregory F. Lang (E-mail); Carolyn Campbell
(E-mail)
Subject: Re: FW: Pegasus - GE Documents

Did Kent review the changes to (h) of the consent agreement (re
jurisdiction)?

Kay

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/25/2001 07:32:47 AM

To:   "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:   "Kent Shoemaker (E-mail)" <kent.shoemaker@ae.ge.com>, "Gregory F.
      Lang (E-mail)" <gregorylang@paulhastings.com>, "Carolyn Campbell
      (E-mail)" <CCampbell@KSLAW.com>

Subject:  FW: Pegasus - GE Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email
ITHelp@freshfields.com if you need assistance.

Please see below which gives "sign off" from Kent Shoemaker on all the last
drafts of all the documents.  Kent has not, of course seen the final drafts
circulated last night but I do not believe that the changes do anything
other than conform to the credit documentation.  I apologise for sending
duplicate forms last night. I will resend all final versions shortly.
Thanks

-----Original Message-----
From: Shoemaker, Kent (GEAE) [mailto:kent.shoemaker@ae.ge.com]
Sent: Monday, April 23, 2001 11:04 AM
To: 'PARKER, Isabel'
Subject: RE: Pegasus - GE Documents

Documents look okay.

I'm confirming two things:  (1) wiring instructions, and (2) that Dan
Rowley
has authority to opinion on GE (I had assumed this but thought I better
check - he's out of office until this evening).

I'll let you know both answers soon.

Kent

-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Monday, April 23, 2001 9:55 AM
To: Kent Shoemaker (E-mail); Kay Mann (E-mail); Carolyn Campbell
(E-mail)
Cc: Gregory F. Lang (E-mail); Rick Vicens (E-mail); John Tisdale
(E-mail); Jack Wallace (E-mail); John Anderson (E-mail); BURKE, Ted
(TDB); O'BRIEN, Lisa; VAN DUSEN, Nicholas
Subject: Pegasus - GE Documents

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email
ITHelp@freshfields.com
if you need assistance.

In anticipation of our closing on the morning of Wednesday 25th April,
please find attached the following:

(a) a clean and blacklined copy of the GE Consent (reflecting changes to
the
credit documentation and reflecting the acceleration of the Turbine
Progress
Payment Schedule);
(b) a clean and blacklined copy of the GE legal opinion (reflecting changes
to the credit documentation); and
(c) a clean and blacklined copy of the GE letter agreement (reflecting
changes to the credit documentation).

A form of receipt of funds will follow.

Please contact me with any questions on 212 277 4025.

Regards
Isabel


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/15/2000
04:37 PM ---------------------------

Maureen Raymond
09/14/2000 04:54 PM
To: Jim Cole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jirayut
Rungsrithong/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Enron's Country Curves

Jim,

In response to the 3 questions below:

Who prepares Enron's country curves? - The Foreign Exchange and Country Risk
group within Enron North America's Research Group is responsible for
producing the forecasts of inflation and foreign exchange.

What is the criteria in determining the curves? Please explain. - The FX and
Country Risk team analyses a host of data and information to forecast foreign
exchange curves and predict inflation.   Primarily, we depend on the work of
the Institute of International Finance (IIF), we also talk with their staff
Senior Ph.D. Economists.  We review the current macroeconomic policy mix
including monetary, fiscal and exchange rate policies and their
sustainability.   We also analyze the balance of payments to make sure their
are no pressures on the current account, capital account  or foreign exchange
reserves.   In addition, we look at economic output in light of all the above
mentioned factors and incorporate our global outlook of global growth and
international commodity prices.  Then we determine our expectations for
changes to these conditions based on many domestic and international
factors.  We also evaluate the progress of  IMF program and the countries
ability and willingness to meet the IMF criteria, and whether or not they are
in compliance with the Fund.    In addition, we analyze the political
risk/stability of the country, timing of elections and or major
constitutional or policy changes which would have a major impact on the
economy.  We also perform a ratio analysis of a country's ability to repay
its debt in the context of debt-to-GDP ratios, debt service, import coverage,
FDI-to-current account, etc.   We analyze the stability of the country's
banking system, level non-performing loans-to-total, bankruptcy laws, and
progress on restructuring bad debts.   All these factors influence the
outlook on local price changes and movement of the exchange rate.

How often do the curves get updated? - Curves are updated upon request from
the Enron business units or RAC.  The business units need to have the curves
updated before Risk Assessment and Control evaluates the projects.

Maureen Raymond-Castaneda

Jim Cole@ENRON_DEVELOPMENT
09/13/2000 12:14 PM
To: Maureen Raymond@ECT
cc:
Subject: Enron's Country Curves

Maureen,
Could you please answer the three brief questions below ASAP?

Thanks,
Jim
---------------------- Forwarded by Jim Cole/ENRON_DEVELOPMENT on 09/13/2000
12:18 PM ---------------------------

Ramon Rodriguez
09/13/2000 12:16 PM
To: Jim Cole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Lian Ji/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Enron's Country Curves

Jim,

Please call Maureen or your contact TONIGHT to get the appropriate response.

R

---------------------- Forwarded by Ramon Rodriguez/ENRON_DEVELOPMENT on
09/13/2000 11:36 AM ---------------------------

Jirayut Rungsrithong
09/13/2000 04:15 AM
To: Ramon Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Enron's Country Curves

Ramon:

We received questions from the lenders re: Enron's country curves:

Who prepares Enron's country curves?
What is the criteria in determining the curves? Please explain.
How often do the curves get updated?

Could you please answer these questions?

Regards,
Jay


We moved!  Our new info:

18 Shepard Terrace
Madison, WI  53705
608-218-9951

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


Read each sentence slowly and think about it.

Love starts with a smile, grows with a kiss, and ends
with a tear.

Don't cry over anyone who won't cry over you.

Good friends are hard to find, harder to leave, and
impossible to forget.

You can only go as far as you push.

Actions speak louder than words.

The hardest thing to do is watch the one you love,
love somebody else.

Don't let the past hold you back, you're missing the
good stuff.

Life's short. If you don't look around once in a while
you might miss it.

A BEST FRIEND is like a four leaf clover, HARD TO FIND
and LUCKY TO HAVE.

Some people make the world SPECIAL just by being in
it.

BEST FRIENDS are the siblings God forgot to give us.

When it hurts to look back, and you're scared to look
ahead, you can look beside you and your BEST FRIEND
will
be there.

TRUE FRIENDSHIP "NEVER" ENDS. Friends are FOREVER.

Good friends are like stars....You don't always see
them, but you know they are always there.

Don't frown. You never know who is falling in love
with
your smile.

What do you do when the only person who can make you
stop crying is the person who made you cry?

Nobody is perfect until you fall in love with them.

Everything is okay in the end. If it's not okay, then
it's not the end.

Most people walk in and out of your life, but only
friends leave footprints in your heart.

Send this on to everyone special in your life, even
the
people who really make you mad sometimes and to the
people whose lives you want to be in!!!

And send it back to the person who sent it too you
if they mean something to you !!

Remember, every minute spent angry is sixty seconds of
happiness wasted.

AWESOME PRAYER:
May today there be peace within you. May you trust
God
that you are exactly where you are meant to be. "I
believe that friends are quiet angels who lift us to
our
feet when our wings have trouble remembering how to
fly."

Just send this to (4) people and see what happens on
the
fourth day. Do not break this, please. There is no
cost,
but lots of rewards.


Joe,

Below are articles that state that deregulation is better for everyone in the
long run and though the California issue is bad, currently, it is not because
of deregulation, but because of transmission and generation issues.

''A deregulated world is the right market for electricity,'' said Ron Walter,
senior vice president at Calpine, an independent power producer in San Jose
that is building three plants.

New York Times Article
------------------------------------------------------------------------------
--------------------------------------------------
The root cause of California's electricity crisis is regulation, not
deregulation.

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

Other States are learning from CA deregulation and believe that there
deregulation will be more successful. Electric utility deregulation is
sending up sparks in California, but that's not short-circuiting other
states' plans.
At least for now, many are pledging to learn from California's mistakes and
forge ahead by opening their own markets.
Texas, Ohio and Michigan are among 25 that have passed deregulation laws but
not yet put them into effect. The three heavy industrial electricity users
have big plans for competition.

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

Enron is mentioned in this article along with Boeing stating that..."We've
certainly been exposed to the higher prices, and it's uncomfortable in the
short term," said Keith Warner, the energy manager at Boeing, which spends
about $200 million on power in the U.S. annually. "But in the long term,
deregulation and open access (to transmission from other electric companies)
is where we want to be. In every deregulation we've gone through in this
country, competition has lowered prices."

------------------------------------------------------------------------------
------------------------------------------------------------------------------
-----------------
This shows a more even view of deregulation stating its faults and its
advantages. "The lack of supply has to do with deregulation and the
uncertainty of a financial return on new investment of generation,"
Borenstein said. "But we still would have a supply problem under regulation
and prices would still be high."

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

Mercury News article states it is not time to re-regulate the markets and
provides the following solutions to solve the crisis. Article Below.
Matters will improve when California has:
-> More sources of power.
-> A more sophisticated electricity market.
-> Smarter consumers -- that is, consumers with the information they need to
be thrifty.
Also the article talks of the Power Exchange (PX) and the Independent System
Operators (ISO) and how these two groups are making the prices higher; i.e
market imperfections that result from the uniqueness of electricity as a
commodity and the immaturity of the new exchanges are enabling producers to
obtain higher prices than the underlying conditions dictate.
Article concludes by saying the deregulated market is just beginning and with
a few adjustments will work out fine


Dear Dan:  Sorry not to send the check last week as promised.  It seems that
my mom landed in a hospital in England and I had to dash out of town.  Now,
eight days later, I am just catching up.  Tomorrow (July 19) I will send the
check to you by Federal Express for Friday delivery together with my request
for a response from you to the "birthday boy".  I did receive your newsletter
- thanks very much.  Regards.  Sara


"Cecilia Rios" <ceerios@hotmail.com> on 05/30/2000 10:15:47 PM
To: kevin.ruscitti@enron.com
cc:
Subject: Lisa bridal shower

Hi Kevin
  We are going to embarass Lisa alittle by playing a questionaire game. So
if you could answer the questions and we will see if Lisa knows the
answers!!!!
Thanks Cee
>1. Your favorite thing to have for dinner
 Sushi

>2.  Your favorite type of wine
 Cabernet

>3.  Your favorite sport to watch on T.V.
 Hockey

>4.  Your favorite hobby
 She'll probably say I have no hobbies.

>5.  Your shoe size
 10

>6.  Your favorite music group
 Springsteen or Van Morrison

>7.  Your favorite actress
 Ashley Judd

>8.  Your favorite color
 Blue

>9.  Your favorite TV show
 Saprano's

>10.  Her best attribute
   Physically - Eyes
   Otherwise - Her kindness/thoughtfulness

>11.  Where you were born
   Mt. Holly Hospital - N.J.

>12.  Where you went on your first date
   Restaurant near Madison, N.J. (I forget name)
   Touches is where we 1st met.

>13.  Where you were for your first kiss
   Back at her place after Touches.

>14.  Most favorite trip that you have taken together. Alone?
   Europe - Paris

>15.  Favorite dessert
   Cannoli

I know the answers to a lot of these so I don't know if they are too easy if
you have a few to stump her just throw it in, Thanks very much
                    Cee

>15.  I can't think of any now but I'll try and let you know.

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


Marcelo:

Thanks for the response.  I'll make the changes and return the executed
documents.  Regards.

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

	"Cosma, Marcelo (Toronto-BCE)" <Marcelo_Cosma@ml.com>
	05/22/2001 07:28 AM

		 To: "'Sara Shackleton'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Repo Agreement

Sara:

Thank you for yoir fax of May 21st.  I apologize for the oversights you
noted.  Your suggestion of making the changes on your end is fine.

Regards,

Marcelo A. Cosma
Office of General Counsel--Canada
Tel.:  1-416-369-7478
Fax:  1-416-369-4551
E-mail:  marcelo_cosma@ca.ml.com

This email message is intended for the addressee only.  It may contain
information which is privileged, confidential or exempt from disclosure
under applicable law.  Any dissemination or copying of this email message by
anyone other than the addressee is strictly prohibited.


----- Forwarded by Jeff Dasovich/NA/Enron on 04/27/2001 05:51 PM -----

	Robert C Williams/ENRON@enronXgate
	04/27/2001 04:15 PM

		 To: Mike D Smith/HOU/EES@EES, awu@quinnemanuel.com@SMTP@enronXgate,
kb@quinnemanuel.com@SMTP@enronXgate, Dennis Benevides/HOU/EES@EES, Tom
Riley/Western Region/The Bentley Company@Exchange, Jeff
Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Evan
Hughes/HOU/EES@EES, mday@gmssr.com@SMTP@enronXgate
		 cc: Debbie Ramey/ENRON@enronXgate, Robert C Williams/ENRON@enronXgate, Vicki
Sharp/HOU/EES@EES, Marty Sunde/HOU/EES@EES
		 Subject: Conference Call

A conference call has been scheduled for 9:00 PST/11:00 CST Saturday, April
28 to prepare for  the UC/CSU oral argument on Monday.  The call-in number is
1-800-991-9019.  The passcode is 6387431#.  I expect that the call will last
approximately 1-2 hours.  If you have any problems getting into the call,
please call me on my cell phone at 281-414-0364.  Thanks.


Do you do expense reports and have not taken the training?

Expense Management System (XMS) - Cost: $135
         June 4th		8:30am-11:30am	EB564
June 19th	1:00pm-4:00pm		  EB564

The Expense Management System (XMS) is a tool used to electronically submit your expense report for approval and payment through the Enron Intranet. It is user friendly, accurate and less labor intensive for you and the accounting staff.  This system will help you report your travel and entertainment expenses.

You will learn how to:
E	Create New Expense Reports
E	Enter Cash Expense Receipts
E	Adding Company Card Entries
E	Enter Personal Car Mileage
E	Foreign Currency Translation
E	Reimbursement Method
E	Designating your Approving Manager
E	Designating your Administrative Assistant
E	Submitting Your Expense Report
E	Reviewing your Expense Report
E	And Much More...

Please login and enroll through the InvestInMe website, http://www.corptraining.com/index.cfm?company=enron.  If you have any questions, please call 713 853-1816.


Dear Eric,  Some of the star witnesses in the Enron collapse will appear Thursday at a hearing on Capitol Hill. The question remains: Will they have anything to say?  The witness list includes former Enron Chief Executive Officer Jeff Skilling and former Chief Financial Officer Andrew Fastow.  Washington Bureau Chief Peter Cook says Fastow is expected to invoke his constitutional privilege not to speak, but Skilling has indicated he'll talk.  We'll have live reports covering the hearing from our Washington bureau on Thursday.     Homeland Security Director Tom Ridge is expected to speak in front of the National Press Club on Thursday.  We'll bring you all the details on Ridge's speech from the Washington bureau on Thursday.   Tomorrow in Houston, the Ziff Energy Group is hosting the North American Gas Storage Conference.  Plans for hundreds of new gas-fired power plants have been cancelled recently, resulting in record levels of gas in storage.  The Houston bureau will bring us coverage of the Conference and we'll hear how company executives are dealing with too much gas in storage.   Also from Houston on Thursday, Petrobras President Renato Bertani talks about problems his company is having with the development of offshore reserves in Brazil.  He says Brazil doesn't have access to developing technologies that allow for deep-water exploration.   Shell WindEnergy is acquiring the Llano Estacado Wind Ranch located near White Deer, Texas.  During the 1:00 p.m. ET newscast, Industrial Information Resources Production Industry Power Manager Britt Burt will join us in Houston to discuss the acquisition of Shell's second wind farm.   ENL's Kym McNicholas will have more from California Senator Joe Dunn, Chair of the Senate Committee investigating price manipulation in the state's wholesale energy market, regarding Enron's refusal to comply with a subpoena to attend a deposition Wednesday.  Dunn will discuss the committee's next steps on Thursday.   Also on Thursday, Raymond James & Associates Analyst Jon Cartwright will speak with Kym from St. Petersburg, Florida.  At 3:00 p.m. ET, he'll discuss Calpine and the market reaction to news of an SEC request for information concerning selective disclosure.    Closing Prices for Wednesday, Feb. 6, 2002    Crude: $19.78/bbl -$0.29   Unleaded: $0.5710/gallon -$0.0142   Heating Oil: $0.5279/gallon -$0.0090   Gas: $2.101/mmBtu +$0.027   Fwd uE(Mar.): $3.55/mmBtu unchanged   Keep in mind things are subject to change at a moment's notice. Occasionally guests have to reschedule or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Peter Cook, EnergyNewsLive.com Washington Bureau Chief  View today's Energy Wrap Video Windows Media Player: 56K  |  100K  |  300K  Real Player: 56K  |  100K  |  300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


WPTF is submitting a K-A filing.  It supports Hebert's proposal but added my
proposed language to start with $350 or $600 to encourage peakers.  The final
is attached.  Here is the Table of Contents for quick reading.  A technical
Appendix will provide lots of support for how the utilities behaved this past
summer.

A.  The Requirement to Sell Into and Buy from the PX 2
B.  The Underscheduling of Loads and Resources 4
C.  Governance of the PX and ISO 4
D.  Price Mitigation and the &Soft8 Cap 6
1.  Price Caps Are Generally Ineffective In Achieving Lower Average Energy
Prices 7
2.  Price Caps Deter Needed Investment in New California Generation 8
3.  The $150 Soft Cap Puts Power Marketers at Risk. 9
4.  How Can the $150/MWh &Soft8 Cap be Made More Palatable? 10
    a. The Sunset Date Must Be Observed 11
    b. The Soft Cap Should Begin at a Price Higher Than $150/MWh 11
    c. The Soft Cap Should Be Escalated 12
E.  Refund Liability 12
F.  What Were The Real Causes of The Recent Price Increases? 14
1.  The Staff Report Identifies the Well Known Factors 14
2.  However, There Were Other Factors That Also Contributed Significantly to
the Higher                                          Prices Experienced in
California.

On refunds, WPTF is completely consistent with our filing. It argues:
?          facts do not support a claim for refunds with respect to Summer
2000 rates.
? When a market clears at or below the soft cap, there should be no refund
liability for any seller unless that seller is shown to have manipulated the
market, abused market power, or colluded.
? When suppliers bid and are paid at rates above the soft cap, the
definitions of marginal and opportunity costs must be clarified to recognize
how units are dispatched throughout a year, that a contribution to a
generator,s actual fixed costs must be incorporated into the equation for
marginal costs, that forward contracts contribute to the &marginal costs8 of
a sale, and that opportunity costs include broad market forces such as prices
in competing markets.
?  the ability to sell above marginal cost is not evidence of market power or
market abuse.
? ensure that transactions above the soft cap are deemed closed and no longer
subject to refund within a reasonable time, such as one to two months.
?  the November 1 Order extends beyond the 15-month potential refund period
permitted by the Federal Power Act and should be shortened to conform with
the requirements of the Act.

The filing also has sections opposing load-differentiated price caps and a
return to cost-based rates.  WPTF asks FERC to clarify the election process
on the new Boards to ensure that governmental entities exert no more
political pressure.

BUT -- I HAVE TO SHOW YOU MY FAVORITE PART OF THE FILING -- READ ON!!!!!

D.  Cost Based Rates - - A Return to Regulatory Luddism

The original Luddites were bands of skilled textile workers who had been
laid-off after advances in technology replaced the need for them.  In
reaction to being laid-off, they burned mills, terrorized the owners and then
destroyed the steam and water-powered labor-saving devices that had cost them
their jobs.  The uprisings took place mainly in the center of the wool region
in England from 1811-16.  In other words, Luddites were casualties of the
English Industrial Revolution.
Ned Ludd was the movement,s mythical founder -- an apprentice who smashed his
shearing frame with a hammer.  These wooden frames were a new technology
which allowed heavy shears to be held in balance to trim a rough layer of
threads from woven cloth.  Although Ned didn,t break the machine to make a
political statement, he inadvertently became the first practitioner of
Luddism.  Thirty years later in pursuit of a naive back-to-basics theme,
Luddites organized and rioted against technological advances in the English
textile industry.  The Luddites rioted in rejection of technology that was
seen as threatening to their way of life and livelihood.
Now, in California, we have regulatory Luddites. The few parties who fall in
this old world camp once controlled the energy investments in California and
now fear the advent of competition, bemoan its reduction (or elimination) of
their previous regulatory overview and seek to smash restructuring as poor
Ned smashed his machinery.  Their arguments are reactionary, their political
tactics oppressive.
By 1816, the English government put down the Luddites with hangings and
transportation out of the region.  In the absence of such remedies today,
WPTF simply urges the Commission to hold true to its course.  and on ...

	James D Steffes
	11/22/2000 07:30 AM

		 To: Alan Comnes/PDX/ECT@ECT, bernadette Hawkins/Corp/Enron@Enron,
gfergus@brobeck.com, Christopher F Calger/PDX/ECT@ECT, David
Parquet/SF/ECT@ECT, Debra Davidson/PDX/ECT@ECT, Dennis Benevides/HOU/EES@EES,
Ginger Dernehl/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Jeff
Richter/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, kcurry@bracepatt.com,
lanai.wolfe@enron.com, Marcia A Linton/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT,
Maureen McVicker/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Neil
Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, rcarroll@bracepatt.com,
Richard Shapiro/NA/Enron@Enron, Robert Badeer/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Enron's Response Today - Key Point to Focus On

As I've been thinking about our response today, I would like Enron to focus
on making sure that the California (WSCC) markets are as good a possible for
business over the next 15 to 24 months.  Following that idea, I think that
the key points are (1) clarifying/raising the soft cap and (2) reducing the
burden/risk of the prospective refund period.

I know that we had discussed leading off with the debate over market power /
retroactive refunds, but I think that (a) FERC is not inclined to do much
more on this issue, (b) FERC wants to fix the market as much as it can given
the current political realities, and (c) if retroactive refunds become an
issue, we still have our full compliment of resources to later fight this
fight.

I would recommend that the pleading and Alan's testimony be modified to bring
these issues to the top of the ticket.   We should still include all of our
other arguments.

Finally, I want to make sure that Enron is taking the right position by
quietly supporting a $250/Mwh soft cap with safe harbor fixes?  Sue Mara, can
you please try and find out what EPSA, IEPCA, and WPTF are going to file?  I
want to make sure that we are in the ball park on this issue but not getting
too soft.

Jim


In cleaning up e:mails, I can across this one from Sheila.  Is this one of
the corrections that was made to the June information?  Any update on July?
Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 08/23/2000 05:07 PM
---------------------------

	From:  Sheila Glover                           08/09/2000 02:46 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: June Operating Report

Sally,
Equity Trading, Agri Trading is missing from Gross Revenues piechart.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 08/09/2000 02:40
AM ---------------------------

Brian Heinrich
08/08/2000 02:41 PM
To: Sheila Glover/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT
cc:
Subject: June Operating Report

Sheila / Scott,
James asked me to forward you both copies of the June Operating Report, as
well as the list of data included in the report with the person responsible
for providing the information, which Sally discussed in her staff meeting
today.   If you have any questions, please let me know.
Thanks,
Brian


Congratulation Jeff!

I am the Assistant to Gregory T. Adams in the New Jersey Office.  I would
like to thank you and Ken Lay for graciously  giving of yourself and  your
time during the EES Holiday Weekend.  It was an experience my son, who
attended with me, will never forget.  Enron is a Class Act !  Again,
Congratulations Jeff
---------------------- Forwarded by Angela Williams/HOU/EES on 12/13/2000
09:43 AM ---------------------------

Ken Lay@ENRON
12/13/2000 06:01 AM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Succession Plan

It is my great pleasure to announce that the Board has accepted my
recommendation to appoint Jeff Skilling as chief executive officer, effective
at the time of their next board meeting on February 12, 2001.  Jeff will also
retain his duties as president and chief operating officer.  I will continue
as chairman of the Board and will remain at Enron, working with Jeff on the
strategic direction of the company and our day-to-day global operations.

Jeff will assume the role at a time when the company is hitting on all
cylinders and is positioned for phenomenal growth.  He is clearly ready for
the job, and after 15 years as CEO of this great company, I,m ready for a
somewhat different role.

Our succession plan has been clear for some time.  This has afforded Jeff and
me the freedom to combine our strengths toward building a company that
continues to exceed everyone,s expectations, including our own.  We look
forward to furthering that relationship as Jeff expands his role.

There are no plans for any other changes in our management team nor broad
shifts in strategy and direction.

Please join me in congratulating Jeff.  I look forward to a great 2001.


There are 2 sheets in the following attachment that contain Enron transactional data for the Intercontinental Exchange (ICE) and Dynegy Direct, labeled as follows:
"Enron Activity - Dynegy Direct"
"Enron Activity - ICE"

Note: Total activity for Dynegy Direct is not available, therefore Enron's Percentage can not be calculated.

Let me know if you have any questions or comments.

Matt Motsinger
EnronOnline
713-853-5221

<Embedded Picture (Metafile)>


Norma:

Here is the "job description" that Vince asked me to provide.

Let me know if you need anything else.

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 08/07/2000
01:24 PM ---------------------------

Vince J Kaminski
08/07/2000 08:29 AM
To: Sheila Walton/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Norma
Villarreal/HOU/ECT@ECT
Subject: Re: Anita DuPont Resume

Sheila,

No, we have to go through the posting phase first.
I shall ask Shirley to provide the job description.

Vince

	From:  Sheila Walton                           08/04/2000 02:44 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT
Subject: Re: Anita DuPont Resume

Vince, Alice has strong qualities for a Sr Admin Asst.  Vince, have we posted
this position on the job posting board?  If so, great.  If not, we need to
post this opening to prove that we have given an opportunity to all existing
Enron employees before we go outside to external candidates.  Otherwise,
existing employees have a valid complaint that we are limiting their
advancement within Enron but hiring externally.   If we have not posted this,
I will have the recruiter contact Shirley so Shirley can give us a job
description.  Then we can post and interview Anita simultaneously.  Please
let me know ASAP if this has been posted.  Thanks.

Sheila Walton

Vince J Kaminski
08/02/2000 08:48 AM
To: Sheila Walton/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Anita DuPont Resume

Sheila,

I would like to hire Anita DuPont as a senior admin assistant, reporting
to Shirley.

Please, call me about it after you review the resume.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/02/2000
08:52 AM ---------------------------

Anita DuPont@ENRON
08/02/2000 08:17 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Anita DuPont Resume

Vince:

Here is the resume you requested.  Thanks.   Anita


I watched the whole game and was extremely impressed with Benson.   He
definitely got good blocking but he showed power, speed, balance, vision.  I
believe only an injury will prevent him from having massive success.  His
interview after the game showed me that he's pretty mature also.  I'll take
over 800 yds next year if you take under.


Tana -

Below is the final approval from Deutche Bank to move forward with the ETA amendment.  Also below is the latest version of the ETA amendment letter which needs to be finalized and prepared for signature by Enron and DB.  Please move forward with completing this.  Thanks.

If you should have any questions or need anything, let me know.

Mark

 -----Original Message-----
From: 	"Alex Alexander" <alex.alexander@db.com>@ENRON
Sent:	Friday, October 12, 2001 9:54 AM
To:	Greenberg, Mark
Cc:	William Chesna; Marcus Tarkington; Peter Wishart; Daniel Lennon; Bill Ryan; Steven Kessler; Jon Ormond
Subject:	Re: EnronOnline Amendment Letter

Dear Mark:

We are good to go based on the latest draft  of the above amendment letter.  Would you kindly prepare execution copies for us.
I would ask that the attention party be Commodities and that the greeting be simply "Ladies and Gentlemen."

Also we will need two signature lines.

Best and thanks!

Alex

Alex Alexander
Director and Counsel
Deutsche Bank AG
New York Branch
Legal Division
31 West 52nd Street
New York, NY 10019
Mailstop NYC09-0810
tel: 212.469.7102
fax: 212.469.2929
email: alex.alexander@db.com

---------------------------------------- Message History ----------------------------------------

From: "Greenberg, Mark" <Mark.Greenberg@ENRON.com> on 10/08/2001 09:58 AM

To:   Alex Alexander/NewYork/DBNA/DeuBa@DBNA
cc:   "Jones, Tana" <Tana.Jones@ENRON.com>
Subject:  EnronOnline Amendment Letter

Alex -

Attached is a revised version of the amendment letter for the Electronic
Trading Agreement.  I have added the proposed language regarding
punitive damages as a new subsection to Section 4.

Please take a look at the attached and advise accordingly.  If this is
acceptable, I will finalize the agreement, get it signed and have it
forwarded to you for counter-signature by DB.

Thanks for the assistane.  Glad to hear that you and your co-workers are
okay in the wake of recent events.

Mark

 <<eta-letter- deutschebank(ny)10-08-01.doc>>

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************
(See attached file: eta-letter- deutschebank(ny)10-08-01.doc)

--

This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and destroy this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden.

 - eta-letter- deutschebank(ny)10-08-01.doc


Mark,

Attached is a signed version of the Consulting Services Agreement between Enron and Andersen Consulting (now Accenture).  Yevgeny Frolov in HR is working on a project whereby Accenture is developing software for Enron.  Enron will own the content of the programs, and ultimately, licenses will be sold for the software, with Enron and Accenture sharing the royalty interest.

I think that your expertise is needed on this agreement.  I will send you a copy of the latest term letter, along with my handwritten comments on the draft.

Would it be possible to get your comments/thoughts on these?  Yevgeny will contact you directly.

Thanks.

Michelle

 -----Original Message-----
From: 	michael.e.baer@accenture.com@ENRON [mailto:IMCEANOTES-michael+2Ee+2Ebaer+40accenture+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, June 28, 2001 1:42 PM
To:	Cash, Michelle
Subject:	Enron CSA 12/17/97 - Signed

==================================
Mike Baer
Accenture - Legal Group
100 South Wacker Drive, Ste. 515, Chicago, IL 60606-4006
Voice: 312-693-1512, Octel: 69/31512, Fax: 312-652-1512
eMail: michael.e.baer@accenture.com
==================================

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.
 - B0033CF1.TIF


---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
10/03/2000 09:32 AM ---------------------------

mggagliardi@duke-energy.com on 10/03/2000 07:09:45 AM

To:   DGagliardi@reliantenergy.com, David_Ricks@GSDM.com,
Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #92

---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 10/03/2000 07:18 AM
---------------------------

TruOrange@aol.com on 10/02/2000 09:57:39 PM

To:   TruOrange@aol.com
cc:
Subject:  True Orange Fax/E-Mail #92

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #92, Monday, October 2, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

No TV for Buffs; Brown Says Horns Need Best Game to Win Saturday

The Texas-Colorado game in Boulder on October 14 has been set for 2:30 p.m.
Austin time, and 1:30 Colorado time and it will not be televised. There is
no
possibility of a pay-per-view live telecast because that would  conflict
with
the ABC Big 12 telecast and the Big 12's contract with ABC does not allow
such conflicts.
Incredibly, one of the games that was chosen over Texas-Colorado was Texas
A&M-Baylor.
* * * *
Coach Mack Brown said Monday the Longhorns "have to play better than we've
played so far this year to have a chance to win" Saturday's big game with
unbeaten Oklahoma.
"Josh Heupel is as good a quarterback as there is in the country," Brown
said. "They are running the ball much better this year, and they have a lot
of talent on both sides of the ball."
Heupel lit up the Texas defense for 17 points in the first quarter last
year,
but the Longhorns came back for a 38-28 victory. "I went to get a drink of
water and when I got back we were down by 17 last year," Brown quipped.
Brown said SS Lee Jackson should be able to play Saturday, but he said DT
Shaun Rogers is still questionable because of the sprained ankle he
sustained
in the victory over Houston. The Horns will return to practice Tuesday and
Brown said he'll know a lot more about the chances of Rogers being able to
play after he sees what he can do Tuesday.
Brown said Hodges Mitchell will continue to start at tailback, but he  said
sophomore Kenny Hayter played well in gaining 122 yards against Oklahoma
State and will get a lot of playing time.
Hayter is a 215-pound power runner and Brown said "big backs wear the other
team down." Hayter made most of his yards against OSU in the second half,
and
Brown said he hopes the Horns will be able to run with some success
Saturday.
He didn't say who would start at quarterback, but he did say Major
Applewhite
is "looking more like the old Major every week." Applewhite underwent knee
surgery in January and Brown said Applewhite seems to be gaining more
confidence in the knee. "He made some plays off-schedule Saturday," Brown
said, adding that he will need to make some more off-schedule plays
Saturday
to give the Longhorns a chance to win.
Brown said Applewhite's quick recovery has been a surprise. "I wasn't even
sure he would be able to play until mid-season," he said.
He also said the Longhorns are much deeper in the secondary than they have
been, and he said that will help a lot against Oklahoma because of the
Sooners' league-leading passing attack. He said cornerbacks Quentin Jammer
and Roderick Babers "have really improved our secondary." He also noted
that
defensive coordinator Carl Reese can use Ahmad Brooks and Ervis Hill, last
year's starting cornerbacks, in his nickel and dime packages on obvious
passing downs. Of course, against Oklahoma, any down can be an obvious
passing down.
Brown also said the Longhorn fans were a big factor in the team's comeback
win last year against OU. "They stayed positive when we fell behind," he
said.
* * * *
RECRUITING NOTES: QB Brent Rawls, 6-5, 195, 4.7, of Shreveport Evangel,
said
he really enjoyed his official visit to Texas last weekend, but he said he
wants to take an official visit to Florida State the Oct. 14 weekend before
making a decision. He also has taken an official visit to Purdue and the
Boilermakers are very much in the picture because Rawls says they don't
have
as many young quarterbacks as Texas. . . DE Kevin Everett of  Port Arthur
Jefferson came to the game OSU game on an unofficial visit, and said he had
a
great time.  But he said he wants to make some official visits before
committing to anyone. . . QB Matt Nordgren of Dallas Bishop Lynch says he
would like to come to a Texas practice this week or next week. He visited
LSU
last weekend and had a great time, but he still says the Longhorns are his
No. 1 choice. He might commit to Texas when he comes to the team practice.
Nordgren is the best QB prospect in Texas and Rawls is the top one in
Louisiana, so the Horns just need to be sure they get one of them. . .
Super
LB Derrick Johnson of Waco had an incredible 30 tackles Friday night in his
team's loss to powerful Tyler John Tyler.
* * * *
My next fax/e-mail will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? frequently with recruiting news. My E-Mail
address is: truorange@aol.com


Would you rather leave early every day and be over there by yourself, or work
late a few days with good friends????  You tell me.
PL


Where were you guys?  I really need help.  In fact I need it so badly that I
waited at Kenneally's until 2:00 am.

From: Eric Gillaspie on 10/18/99 11:22 AM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: RE: NOTE 10/18/99 12:17:33

---------------------- Forwarded by Eric Gillaspie/HOU/ECT on 10/18/99 11:22
AM ---------------------------

Ryan.F.Ruppert@EXXON.sprint.com on 10/18/99 12:23:07 PM
To: Eric Gillaspie/HOU/ECT@ECT
cc: Gerald Nemec/HOU/ECT@ECT
Subject: RE: NOTE 10/18/99 12:17:33

         Date: October 18, 1999
         From: Ruppert, Ryan F.                            R9RUPPE  - AMERICAS
           To: EXT-EGILLAS(A)ECT.ENRON.COM,                EGILLASE - FPEXMAIL
           cc: EXT-GNEMEC(A)ECT.ENRON.COM,                 GNEMECEC - FPEXMAIL
      Subject: RE: NOTE 10/18/99 12:17:33
------------------------------------------------------------------------------
I agree, I propose and intervention tonight afterwork, say, 6 o'clock, at
Kenneally's?

RYAN RUPPERT
Geologist
Europe/CIS Ventures
Exxon Exploration Company
713.935.6171

-----Original Message-----
From: EXT-EGILLAS(A)ECT.ENRON.COM,
Sent: Monday, October 18, 1999 12:18 PM
To: Ruppert, Ryan F.
Subject: NOTE 10/18/99 12:17:33

I think we need to do an intervention w/ Gerald; he went to Sam's Boat Last
night w/ his brother.  Well we need to at least get our SCUBA stuff out of his
car before he sells it for cocktail money.

OUT!
eric


The ClickAtHome Database shows that you have placed an order with Dell
Computer with an order number of 537808172. Please read below for
instructions:

1.  If this is correct, enjoy your computer!
    You can check your order status by clicking here:
      http://wwwapp.us.dell.com/us/en/ordstat/index.asp

      ** For questions about your order/changes/problems,
         call 1-866-220-3355 **

2.  If you did NOT place an order with Dell for the ClickAtHome program,
    please email enron@avenueb2e.com or call 713-895-9087 to report
    the incorrect order on your behalf.

Thank you!

ClickAtHome Team!


I checked the audit trail on this deal and it shows that this deal was entered in Sitara by you.  Can you please review this deal and verify who the deal was done with.

 -----Original Message-----
From: 	Saucier, Darla
Sent:	Friday, May 18, 2001 1:57 PM
To:	Hernandez, Elizabeth L.
Subject:	Sitara #599348

Northern Illinois Gas says they did not do this deal with us?  Can  you ck to make sure this is the correct counterparty?

Thanks


Earlier this year, Enron filed an application for a Presidential Permit to build a 300 MW HVDC tie between Ercot and Mexico in the Brownsville area. The Permit has not yet been issued.

If the Permit is issued (as we expect), then the earliest construction could start would be sometime in the first quarter of next year.

I you need any further information, please let me know.

Dave

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, November 14, 2001 7:48 AM
To:	May, Tom; Forster, David; Tricoli, Carl
Subject:	FW: Merger Analysis - ERCOT Market Share
Importance:	High

We are trying to identify assets and contracted positions that Enron will either own or control in ERCOT to process the PUCT merger analysis.

If you have any information on existing or planned assets or positions please let me know.  If you want to discuss, please feel free to call me at 3x7673.

Thanks.

Jim

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 13, 2001 3:03 PM
To:	Nicolay, Christi L.; Gilbert-smith, Doug; Ward, Charles; Portz, David
Cc:	Shapiro, Richard
Subject:	Merger Analysis - ERCOT Market Share
Importance:	High

I am trying to identify generation assets owned and/or controlled in ERCOT by Enron and its affiliates.

The information I have been provided is that Enron only has Ponderosa Pine Energy Partners LTD - 263 MW.  Is this correct?

Do we have any long-term capacity over the DC Tie?
Do we have any construction in progress?
Any other positions (e.g., Capacity Auction) that may be considered by the PUCT in the merger?

Is there anyone else I should talk with about this information?

Thanks,

Jim


2:00pm - 6:00  - Trading Track Interviews in 3 Allen Center.  An e-mail was sent
by Karen Buckley to all Desk Heads.  Let me know if you need information on this.

Thanks,
Rain


Karen,

Can you tell me when Matt Smith and Jason Wolfe are scheduled to move to new rotations?  Also what are their next assignments.  I would like to move Matt Smith into an assistant trading rotation and have Jason move in to Matt's current rotation in the fundamentals group.

Phillip


Thanks very much for your help and please thank Steve for me also.

> -----Original Message-----
> From: Gerald.Nemec@enron.com [SMTP:Gerald.Nemec@enron.com]
> Sent: Wednesday, March 14, 2001 9:46 AM
> To: lgeorge@ccj-law.com
> Cc: Steve.Van.Hooser@enron.com
> Subject: Maps
>
> Per Steve's request, I am forwarding a phone number of a consulting
> company
> that produces maps which show all pipeline in Texas (sorted by county).
> This might be a good place to start to find the pipeline you described in
> your voice mail to Steve.
>
> The company is Design Technics Corp.  Phone: (713) 460-2291.  The map will
> generally show where the pipeline runs, but it is depicted at more of a
> macro level.
>
>


Mike,

I've been trying to figure out what is meant by the last sentence. Can you
(or Dave) clarify what is wanted?  Does it mean that payments must be current
for the guaranty, etc, to be acceptable?

Thanks,

Kay

michael.o.sandridge@us.abb.com on 06/30/2000 11:48:23 AM
To: ben.jacoby@enron.com, kay.mann@enron.com, Kathleen.Clark@enron.com
cc: karla.hesketh@us.abb.com

Subject: Enron Contract Verbage

Dear Team,
Dave mentioned that probably the only other change would be in the assignment
section article xxii and that should not be any big change.

MIKE
---------------------- Forwarded by Michael O
Sandridge/Field_Marketing/USTRA/ABB on 06/30/2000 11:44 AM
---------------------------
|------------->
|(Embedded    |
|image moved  |
|to file:     |
|pic05234.pcx)|
|             |
|------------->
  >------------------------------------------------------------------------|
  |Frank Chmiel/StLouis/USTRA/ABB                                          |
  |06/30/2000 11:38 AM (Phone: +(314) 679-4702, Dept.: FIELD SALES)        |
  >------------------------------------------------------------------------|

To:   Michael O Sandridge/Field_Marketing/USTRA/ABB@ABB_USTRA
cc:   Karla Hesketh/Field_Marketing/USTRA/ABB@ABB_USTRA, David
      Onuscheck/ETI/USTRA/ABB@ABB_USTRA
Subject:  Enron Contract Verbage

Security Level:?         Internal

Mike,
     When  we  spoke  this morning, Dave advised that one change to the
language
that  will  be  required is  the addition of the words in red , in bold added
by
ABB at the end of this paragraph in section 22.2 of the contract.

     In  the  case of an assignment to a party described in (ii), (vi), or
(vii)
(other  than   Enron  Engineering  &  Construction  or  NEPCO),  Seller shall
be
entitled  to  request  and  receive  an  appropriate guaranty, letter of
credit,
payment  bond  or  other  reasonable  form of payment security, in amount not
to
exceed the amount of the Purchase Amount remaining to be paid at the time of
the
assignment,  unless  the  assignor  agrees  to  remain  liable  for  all
future
liabilities  under  this  Agreement.  A letter of guaranty, letter of credit,
or
payment bond provided by an entity rated BBB+ or better shall be deemed to be
an
appropriate  form  of  security  for  the purpose of this provision , so long
as
payment  in  full  has  been  made  in accordance with the schedule set forth
in
Article VI.

     Additional commentary may come later today when Dave reaches his first
stop
on his flight back to Raliegh.
     Frank

 - pic05234.pcx


Dear Vince,

Just to remind you, I will be graduating this May with an MBA from Rice.  My
concentration is in finance, but I'm also an undergraduate engineer from
Cornell University and an IT specialist.

I need help not simply finding a job, but perhaps some suggestions on how I
can differentiate myself from my classmates in my job search.  I've been
somewhat frustrated trying to explain why I'm more effective than my peers.
Mike Roberts even said that I achieved more for the weather group in three
months over the Summer than any other MBA achieved in a year.  This was
probably due to my technical background and ability to put models into
program code quickly and reliably.

I know this is a tough economy, but I just want a chance to do good work and
show quick success.  What I can't say in my resume is that I'm the best in
my class at finance, statistics, and information technology.  However, this
combination is also my biggest crutch.  I'd like to engage all my skills,
but typically, interviewers are only looking for one.

Do you have any leads to big or small companies that might be interested in
my skill set?  I'm indifferent to moving anywhere in the U.S.

Vince, in any case, I appreciate your time and any suggestions you could
offer.  I had a wonderful time working for you, we really had a good team.
If you have any questions for me, please call or email me at any time.

Sincerely,
Chris Pernoud

P.S. If your son ever wants to startup a linux company, I'd be interested in
helping, he could email me at cgp1@cornell.edu.

===================
Chris and Kate Pernoud
4848 Pin Oak Park
Apt. 1516
Houston, TX 77081
(713)349-8963
cgp1@cornell.edu

 - ChrisPernoud.doc


I tend to think that Enron needs to re-position its message re:  RTOs.
From what I can tell, we have been a proponent of Transcos before FERC for
the most part during the RTO debate.  Only Detroit Edison's Transco
proposal comes close to our initial vision.  Given that what is most likely
is a bunch of not-for-profit ISOs being created in the East and West, why
not re-establish our position.  This meeting gives us an opportunity to
really set up this distinction and draw some "bottom lines".

Jim

To:   Steven J Kean/HOU/EES@ENRON
cc:   Charles Yeung/HOU/ECT@ENRON, James D Steffes/HOU/EES@EES@ENRON, Joe
      Hartsoe/Corp/Enron@Enron, Jeff Brown/HOU/EES@EES
Subject:  Re: EEI Conference Series on RTOs and Markets: Mark Your
      Calendars  (Document link: James D Steffes)

From what ESCA was telling us, I don't think that they typically would go
to these as speakers.   However, it may be something they would want to do
to promote their systems (hopefully that will be consistent with the Enron
model).

Since Scott Miller and Massey of FERC are on the agenda 9/28-29 , it may
make sense for Enron to make sure that Ed Cazulet of APX and the Cal PX
people on the agenda are promoting the "Enron" model.  Cal PX is coming in
next week.

Steven J Kean@ENRON
08/21/2000 07:33 AM

Sent by:  Steven J Kean@ENRON

To:   Christi L Nicolay/HOU/ECT, Charles Yeung/HOU/ECT, James D
      Steffes/HOU/EES@EES
cc:
Subject:  EEI Conference Series on RTOs and Markets: Mark Your Calendars

Should we (or ESCA) start looking for opportunities like this now to get
the word out?
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/21/2000
07:30 AM ---------------------------

"Christina Forbes" <CFORBES@eei.org> on 08/18/2000 02:54:52 PM

To:   <Anthony.Duenner@enron.com>, <chris.gaffney@enron.com>,
      <dallegre@enron.com>, <ddorman@enron.com>, <dfossum@enron.com>,
      <eaafedt@enron.com>, <fbay@enron.com>, <fking@enron.com>,
      <jhartso@enron.com>, <JKeller@enron.com>, <jsteffe@enron.com>,
      <julia.murray@enron.com>, <Lhuber@enron.com>, <mary.hain@enron.com>,
      <meyer@enron.com>, <mpavlou@enron.com>, <rfrank@enron.com>,
      <scorman@enron.com>, <scovino@enron.com>, <skean@enron.com>,
      <snovose@enron.com>, <stweed@enron.com>
cc:

Subject:  EEI Conference Series on RTOs and Markets: Mark Your Calendars

EEI is pleased to announce a three-conference series addressing RTOs and
electricity market design.

*  RTOs and Market Design:  How to Get Electricity Markets to Work.
September 28 and 29, Hilton Washington Embassy Row.
Current draft agenda attached.  This conference features a star-studded
cast of speakers addressing market design issues from all around the
country,  Keynote by Commissioner William Massey.

*  RTOs:  The October Filings
November 2 and 3, Washington D.C. (hotel information to come).
Team leaders from each of the RTOs under development that must file in
October will present their RTO plans.  EEI will have summaries of all of
the major filings available.   This conference will give everyone a chance
to be on the same page as to what the RTO filings propose and to learn what
is being developed around the country.

*  RTOs:  The January Filings
February 8 and 9, Washington, D.C. (hotel information to come).
Team leaders from each of the approved ISOs that will file in January will
present their RTO plans.  EEI will have summaries of all of the major
filings available.  This conference will complete the initial tour of the
RTO plans, nationwide.

These three conferences will give you the information you need to
understand tomorrow's electric business and a chance to network with
leaders in the  industry.

For further information and conference registration materials, email Judy
Mastin, jmastin@eei.org.

We hope to see you there,

Christina C. Forbes
Director, Federal Commercial and Regulatory Policy
Edison Electric Institute
P 202 508 5104
F 202 508 5445
cforbes@eei.org

(See attached file: RTOMktDesAgenda.doc)

 - RTOMktDesAgenda.doc


This memo will confirm the above referenced meeting will be held in Room
EB2868 tomorrow morning, 12/14/2000 at 9:00 a.m. Houston Time and 3:00 p.m.
London Time.  Next Thursday, December 21, it will be held in Room 50M03.

Claire/Lauren

For everyone calling in from the London office, please advise them to dial
the following number:  713-345-3324.  Also, since I was unable to find James
Nu on the email address, will you make sure he is aware of the room change?

Thank you in advance.

Dorothy


Bridge Line Information
Domestic 800-745-1000
International  801-977-0648
Code 8531935


Here are the FERC presentations.  The first one is Tim's.  It corrects some
information in my presentation.  For example, Tim's presentation corrects the
hydro generation numbers to reflect the fact that not all hydro capacity
equates with hydro energy, if there isn't sufficient water to produce it.  My
presentation includes more verbal explanations.  Cooper and Alan - does any
of the data in these presentations need to be updated?

From: Steven J Kean@ENRON on 11/07/2000 08:59 AM CST
To: Paul Kaufman/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/SFO/EES@EES, Sandra McCubbin/NA/Enron@Enron, David Parquet/SF/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Peggy
Mahoney/HOU/EES@EES
cc:
Subject:

I will be on the first panel of the FERC California conference on Thursday.
The format allows a 5 min presentation and then 60 min of Q&A.  I need your
help to make sure I have "Gore-like" command of the details.  Please help
with the following information:
Enron project information (Parquet/McCubbin) -- please give me any
presentations or summaries you have on the generation, or firm purchases, we
have under way (or planned).  I'll talk with you to find out what we are
comfortable disclosing but please err on the side of giving whatever
information you have.
Updated Belden presentation (Hain/Belden) -- I believe the latest information
was as of August; I think some of the information on the cost of peaking
facilities is particularly eye-opening on the price cap issue.
Comparison to PJM (Hartsoe/Novosel) -- Is the information we are seeking from
the ISO and PX similar to information PJM already provides?  If so, it would
be nice to tie our requests back to something the Commission has already
approved.
Cancelled DSM projects (Mahoney) -- Again, I'll only use what we feel
comfortable with, but it would help make our point if we can give examples of
how price caps backfire when it comes to encouraging conservation.
ISO/PX reports (Dasovich).  I have the ISO market surveillance report.  Is
there another ISO report?  If so, please get me a copy and provide a copy of
the PX report too.
CEC/Proposed generation update (Mara/Parquet) -- Need the basic information:
proposed, waiting for permitting; how much/little the legislation did to
expedite siting (ie are we still comfortable saying that it applies to less
than 10%)?
Soft cap(Belden/Hain) -- need a crisp explanation of why the "soft" nature of
the cap is not sufficient.  Also, would we be OK if the Commission revised it
to say that bids can be taken above 150 without special filing or reporting
requirements, but those bids will be accepted at the price bid rather than
applying to all lower bids as well (ie the highest bid at or below 150 clears
the market, bids above 150 accepted at price bid as needed)?
Offers we have made/deals done (Parquet/Dasovich/ Mccubbin) -- Roseville plus
any others, offer made to SDG&E -- I want to make the point that the market
will provide solutions (below the retail price cap) if we get the utility
(and the regulators) out of the merchant function.
Herding the cats(Hartsoe/mccubbin/mara/dasovich):  We are asking FERC to be
courageous, do the right thing and ignore the politics.  To be even halfway
credible, we can't have IEP, EPSA, Dynegy or anyone else "squishing" on the
price cap issue..  We have never been closer to reform in California, we need
these guys on board.
Thanks.


pls print.  thanks. dF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/18/2000
02:34 PM ---------------------------

"Sara Davidson" <sdavid2@ect.enron.com> on 01/18/2000 01:37:28 PM
To: BCC
cc:  (bcc: Drew Fossum/ET&S/Enron)

Subject: 2000 Enron Law Conference

Attached please find the RSVP form for the 2000 Enron Law Conference and a
cover
letter regarding same.  Complete the RSVP form and return it no later than
Friday, February 11th via email to Sara.Davidson@enron.com or fax it to (713)
646-4995.

(See attached file: 2000 rsvp letter.doc)     (See attached file: 2000 rsvp
form.doc)

 - 2000 rsvp letter.doc
 - 2000 rsvp form.doc


Please mark your calendars.  Emory Ireland and Martin Weinstein of Foley &
Lardner will be conducting a presentation regarding the nuts and bolts of
Letters of Credit on Wednesday, May 23, 2001 from 8:45 a.m. to 10:00 a.m. in
EB5C2.  Please RSVP to Carolyn George at ext. 33439 or
carolyn.george@enron.com if you plan to attend.

Thank you,

Julia Heintz Murray
Enron Wholesale Services
Enron Industrial Markets LLC
1400 Smith Street, EB3838
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com


Please prepare a revised draft ISDA based on the attached credit worksheet.
We sent Keebler a draft sometime last year, I believe.  I have only adjusted
the collateral threshold.  Please deliver to Ed Quinn.

Thanks,
Tanya


There is a position available in Deal Control, reporting to Jeff Richter on
the Short-Term California desk.  If you are interested in applying, please
contact Amy FitzPatrick by close of business Friday, May 4, 2001.

Following is a summary of the responsibilities associated with this position.

Facilitate the entry of West Power deals, including short-term and long-term
desks and the services desk, into the trading systems.
Follow-up with Deal Clearing and Settlements groups in Houston to verify
accuracy of trades in the system.  This includes timely follow-up  with the
traders for clarification.
Ensure that all trades are entered by a daily deadline.
Calculate and report weighted averages of daily price and volume to Dow Jones.
Prepare and distribute daily reports to ensure all books are balanced and
report discrepancies to management.
Track and report daily and monthly error discrepancies to management and
deliver reports for possible solutions to rectify errors.
Calculate weighted averages between brokered trades and trades executed
through Enron OnLine and the Intercontinental Exchange.
Report any technical mishaps to appropriate personnel in Houston and track
computer problems until demonstrated resolutions.
Test any updated versions of applications requested by programmers and report
back any adjustments needed.

Additional attributes one must possess to succeed in this position are
persistence and a positive attitude.  Working knowledge of Microsoft Excel is
essential, as is a general software aptitude.

If you have any questions regarding this role, please see either Jeff or Amy.


Dave and Mark  would like to have a three (3) hour meeting regarding QBR and
they have the following dates available.  Could you please let me know your
availability  for these dates ?

  August   15 -  Tuesday
  August    16 -  Wednesday
  August    17 -  Thursday
  August    18 -   Friday

  August     21 - Monday
  August     22 - Tuesday
  August     23 - Wednesday

Thanks,

Kay 3-0643


ReaD THIS

-----Original Message-----
From: Stephens, Jeffery
Sent: Wednesday, January 16, 2002 2:26 PM
To: gregory.schockling@bhlp.com
Subject: FW: E memo

-----Original Message-----
From: John_Carmody@transalta.com [mailto:John_Carmody@transalta.com]
Sent: Wednesday, January 16, 2002 2:23 PM
To: Stephens, Jeffery
Subject: FW:E memo

----- Forwarded by John Carmody on 01/16/2002 03:21 PM -----

                    "Carmody, Tom"
                    <TCarmody@util        To:     "'john_carmody@transalta.com'" <john_carmody@transalta.com>
                    icorp.com>            cc:
                                          Subject:     FW:
                    01/16/2002
                    10:57 AM

>  -----Original Message-----
>
>
> Text of Letter to Enron's Chairman After Departure of Chief Executive
> ollowing is the text of an unsigned letter written in August to Kenneth
L.
> Lay, the chairman of the Enron Corporation (news/quote
>
</redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custo
> m/nyt-com/html-companyprofile.asp&symb=ENRNQ>), after Jeffrey K. Skilling
> resigned unexpectedly as chief executive on Aug. 14. Its author was later
> identified as Sherron S. Watkins, a vice president for corporate
> development at Enron. The House Energy and Commerce Committee released
> excerpts of the letter on Monday and the full letter yesterday:

> Has Enron become a risky place to work? For those of us who didn't get
> rich over the last few years, can we afford to stay?
> Skilling's abrupt departure will raise suspicions of accounting
> improprieties and valuation issues. Enron has been very aggressive in its
> accounting - most notably the Raptor transactions and the Condor vehicle.
> We do have valuation issues with our international assets and possibly
> some of our EES MTM positions.
> The spotlight will be on us, the market just can't accept that Skilling
is
> leaving his dream job. I think that the valuation issues can be fixed and
> reported with other good will write-downs to occur in 2002. How do we fix
> the Raptor and Condor deals? They unwind in 2002 and 2003, we will have
to
> pony up Enron stock and that won't go unnoticed.
> To the layman on the street, it will look like we recognized funds flow
of
> $800 million from merchant asset sales in 1999 by selling to a vehicle
> (Condor) that we capitalized with a promise of Enron stock in later
years.
> Is that really funds flow or is it cash from equity issuance?
> We have recognized over $550 million of fair value gains on stocks via
our
> swaps with Raptor. Much of that stock has declined significantly - Avici
> by 98 percent from $178 million, to $5 million; the New Power Company by
> 80 percent from $40 a share, to $6 a share. The value in the swaps won't
> be there for Raptor, so once again Enron will issue stock to offset these
> losses. Raptor is an LJM entity. It sure looks to the layman on the
street
> that we are hiding losses in a related company and will compensate that
> company with Enron stock in the future.
> I am incredibly nervous that we will implode in a wave of accounting
> scandals. My eight years of Enron work history will be worth nothing on
my
> r?sum?, the business world will consider the past successes as nothing
but
> an elaborate accounting hoax. Skilling is resigning now for "personal
> reasons" but I would think he wasn't having fun, looked down the road and
> knew this stuff was unfixable and would rather abandon ship now than
> resign in shame in two years.
> Is there a way our accounting guru's can unwind these deals now? I have
> thought and thought about a way to do this, but I keep bumping into one
> big problem - we booked the Condor and Raptor deals in 1999 and 2000, we
> enjoyed wonderfully high stock price, many executives sold stock, we then
> try and reverse or fix the deals in 2001, and it's a bit like robbing the
> bank in one year and trying to pay it back two years later. Nice try, but
> investors were hurt, they bought at $70 and $80 a share looking for $120
a
> share and now they're at $38 or worse. We are under too much scrutiny and
> there are probably one or two disgruntled "redeployed" employees who know
> enough about the "funny" accounting to get us in trouble.
> What do we do? I know this question cannot be addressed in the
> all-employee meeting, but can you give some assurances that you and
Causey
> will sit down and take a good hard objective look at what is going to
> happen to Condor and Raptor in 2002 and 2003?
> Summary of Alleged Issues:
>
> RAPTOR Entity was capitalized with LJM equity. That equity is at risk;
> however, the investment was completely offset by a cash fee paid to LJM.
> If the Raptor entities go bankrupt LJM is not affected, there is no
> commitment to contribute more equity.
> The majority of the capitalization of the Raptor entities is some form of
> Enron N/P, restricted stock and stock rights.
> Enron entered into several equity derivative transactions with the Raptor
> entities locking in our values for various equity investments we hold.
> As disclosed in 2000, we recognized $500 million of revenue from the
> equity derivatives offset by market value changes in the underlying
> securities.
> This year, with the value of our stock declining, the underlying
> capitalization of the Raptor entities is declining and credit is pushing
> for reserves against our MTM positions.
> To avoid such a write-down or reserve in quarter one 2001, we "enhanced"
> the capital structure of the Raptor vehicles, committing more ENE shares.
> My understanding of the third-quarter problem is that we must "enhance"
> the vehicles by $250 million.
> I realize that we have had a lot of smart people looking at this and a
lot
> of accountants including AA & Co. have blessed the accounting treatment.
> None of that will protect Enron if these transactions are ever disclosed
> in the bright light of day. (Please review the late 90's problems of
Waste
> Management (news/quote
>
</redirect/marketwatch/redirect.ctx?MW=http://custom.marketwatch.com/custo
> m/nyt-com/html-companyprofile.asp&symb=WMI>) - where AA paid $130 million
> plus in litigation re questionable accounting practices.)
> The overriding basic principle of accounting is that if you explain the
> "accounting treatment" to a man in the street, would you influence his
> investing decisions? Would he sell or buy the stock based on a thorough
> understanding of the facts? If so, you best present it correctly and/or
> change the accounting.
> My concern is that the footnotes don't adequately explain the
> transactions. If adequately explained, the investor would know that the
> "entities" described in our related party footnote are thinly
capitalized,
> the equity holders have no skin in the game, and all the value in the
> entities comes from the underlying value of the derivatives
(unfortunately
> in this case, a big loss) AND Enron stock and N/P. Looking at the stock
we
> swapped, I also don't believe any other company would have entered into
> the equity derivative transactions with us at the same prices or without
> substantial premiums from Enron. In other words, the $500 million in
> revenue in 2000 would have been much lower. How much lower?
> Raptor looks to be a big bet if the underlying stocks did well, then no
> one would be the wiser. If Enron stock did well, the stock issuance to
> these entities would decline and the transactions would be less
> noticeable. All has gone against us. The stocks, most notably Hanover,
the
> New Power Company and Avici are underwater to great or lesser degrees.
> I firmly believe that executive management of the company must have a
> clear and precise knowledge of these transactions and they must have the
> transactions reviewed by objective experts in the fields of securities
law
> and accounting. I believe Ken Lay deserves the right to judge for himself
> what he believes the probabilities of discovery to be and the estimated
> damages to the company from those discoveries and decide one of two
> courses of action:
> 1. The probability of discovery is low enough and the estimated damage
too
> great; therefore we find a way to quietly and quickly reverse, unwind,
> write down these positions/transactions.
> 2. The probability of discovery is too great, the estimated damages to
the
> company too great; therefore, we must quantify, develop damage
containment
> plans and disclose.
> I firmly believe that the probability of discovery significantly
increased
> with Skilling's shocking departure. Too many people are looking for a
> smoking gun.
> Summary of Raptor Oddities:
> 1. The accounting treatment looks questionable.
> a. Enron booked a $500 million gain from equity derivatives from a
related
> party.
> b. That related party is thinly capitalized with no party at risk except
> Enron.
> c. It appears Enron has supported an income statement gain by a
> contribution of its own shares.
> One basic question: The related party entity has lost $500 million in its
> equity derivative transactions with Enron. Who bears that loss? I can't
> find an equity or debt holder that bears that loss. Find out who will
lose
> this money. Who will pay for this loss at the related party entity?
> If it's Enron, from our shares, then I think we do not have a fact
pattern
> that would look good to the S.E.C. or investors.
> 2. The equity derivative transactions do not appear to be at arms length.
> a. Enron hedged New Power, Hanover and Avici with the related party at
> what now appears to be the peak of the market. New Power and Avici have
> fallen away significantly since. The related party was unable to lay off
> this risk. This fact pattern is once again very negative for Enron.
> b. I don't think any other unrelated company would have entered into
these
> transactions at these prices. What else is going on here? What was the
> compensation to the related party to induce it to enter into such
> transactions?
> 3. There is a veil of secrecy around LJM and Raptor. Employees question
> our accounting propriety consistently and constantly. This alone is cause
> for concern.
> a. Jeff McMahon was highly vexed over the inherent conflicts of LJM. He
> complained mightily to Jeff Skilling and laid out five steps he thought
> should be taken if he was to remain as treasurer. Three days later,
> Skilling offered him the C.E.O. spot at Enron Industrial Markets and
never
> addressed the five steps with him.
> b. Cliff Baxter complained mightily to Skilling and all who would listen
> about the inappropriateness of our transactions with LJM.
> c. I have heard one manager-level employee from the principal investments
> group say, "I know it would be devastating to all of us, but I wish we
> would get caught. We're such a crooked company." The principal
investments
> group hedged a large number of their investments with Raptor. These
people
> know and see a lot. Many similar comments are made when you ask about
> these deals. Employees quote our C.F.O. as saying that he has a handshake
> deal with Skilling that LJM will never lose money.
> 4. Can the general counsel of Enron audit the deal trail and the money
> trail between Enron and LJM/Raptor and its principals? Can he look at
LJM?
> At Raptor? If the C.F.O. says no, isn't that a problem?
> Condor and Raptor Work:
> 1. Postpone decision on filling office of the chair, if the current
> decision includes C.F.O. and/or C.A.O.
> 2. Involve Jim Derrick and Rex Rogers to hire a law firm to investigate
> the Condor and Raptor transactions to give Enron attorney-client
privilege
> on the work product. (Can't use V & E due to conflict - they provided
some
> true sale opinions on some of the deals).
> 3. Law firm to hire one of the big 6, but not Arthur Andersen or
> PricewaterhouseCoopers due to their conflicts of interest: AA & Co.
> (Enron); PWC (LJM).
> 4. Investigate the transactions, our accounting treatment and our future
> commitments to these vehicles in the form of stock, NP, etc., For
> instance: In the third quarter we have a $250 million problem with Raptor
> 3 (NPW) if we don't "enhance" the capital structure of Raptor 3 to commit
> more ENE shares. By the way: in Q. 1 we enhanced the Raptor 3 deal,
> committing more ENE shares to avoid a write-down.
> 5. Develop cleanup plan:
> a. Best case: Clean up quietly if possible.
> b. Worst case: Quantify, develop P.R. and I.R. campaigns, customer
> assurance plans (don't want to go the way of Salomon's trading shop),
> legal actions, severance actions, disclosure.
> 6. Personnel to quiz confidentially to determine if I'm all wet:
> a. Jeff McMahon
> b. Mark Koenig
> c. Rick Buy
> d. Greg Walley
> To put the accounting treatment in perspective I offer the following:
> 1. We've contributed contingent Enron equity to the Raptor entities.
Since
> it's contingent, we have the consideration given and received at zero. We
> do, as Causey points out, include the shares in our fully diluted
> computations of shares outstanding if the current economics of the deal
> imply that Enron will have to issue the shares in the future. This
impacts
> 2002-2004 earnings-per- share projections only.
> 2. We lost value in several equity investments in 2000, $500 million of
> lost value. These were fair-value investments; we wrote them down.
> However, we also booked gains from our price risk management transactions
> with Raptor, recording a corresponding PRM account receivable from the
> Raptor entities. That's a $500 million related party transaction - it's
20
> percent of 2000 IBIT, 51 percent of NI pretax, 33 percent of NI after
tax.
> 3. Credit reviews the underlying capitalization of Raptor, reviews the
> contingent shares and determines whether the Raptor entities will have
> enough capital to pay Enron its $500 million when the equity derivatives
> expire.
> 4. The Raptor entities are technically bankrupt; the value of the
> contingent Enron shares equals or is just below the PRM account payable
> that Raptor owes Enron. Raptor's inception-to-date income statement is a
> $500 million loss.
> 5. Where are the equity and debt investors that lost out? LJM is whole on
> a cash-on- cash basis. Where did the $500 million in value come from? It
> came from Enron shares. Why haven't we booked the transaction as $500
> million in a promise of shares to the Raptor entity and $500 million of
> value in our "economic interests" in these entities? Then we would have a
> write-down of our value in the Raptor entities. We have not booked the
> latter, because we do not have to yet. Technically we can wait and face
> the music in 2002-2004.
> 6. The related party footnote tries to explain these transactions. Don't
> you think that several interested companies, be they stock analysts,
> journalists, hedge fund managers, etc., are busy trying to discover the
> reason Skilling left? Don't you think their smartest people are poring
> over that footnote disclosure right now? I can just hear the discussions
-
> "it looks like they booked a $500 million gain from this related party
> company and I think, from all the undecipherable half-page on Enron's
> contingent contributions to this related party entity, I think the
related
> party entity is capitalized with Enron stock." . . . . "No, no, no, you
> must have it all wrong, it can't be that, that's just too bad, too
> fraudulent, surely AA & Co. wouldn't let them get away with that?" "Go
> back to the drawing board, it's got to be something else. But find it!" .
> . . . "Hey, just in case you might be right, try and find some insiders
or
> `redeployed' former employees to validate your theory."
> <<Previous </2002/01/16/business/16TEXT.html?pagewanted=1> |
> </2002/01/16/business/16TEXT.html?pagewanted=1> | 2
>
>
>
> Matt Haverty
> Director
> Strategic Investments
> Aquila Energy Capital Corporation
> Tel: 816-527-1971
> Fax: 816-527-4971
> www.aquila.com
>
>
>


At the request of Travis McCullough, I am attaching a copy of the
Non-Disclosure Agreement, revised to delete the non-solicitation clause.


All,

There seems to be a lot of confusion, on our ability to trade with Total
Intl.  Our London group seems to be able to trade with this counterparty on a
regular basis, but I understand, we have a legal issue outstanding with
Total.  Could I please have further info on why Houston cannot trade with
this counterparty.

Thank you,

Lee Jackson


Debra & Dan -

Attached is a worksheet for a new Master Physical, with Hanover Compressor
Company.  Kim Ward (ext 30685) can provide you with the name/email address of
the contact at Hanover.  Please prepare a draft and send out at your earliest
convenience.

Please copy Kim and me on your email.

Thanks,

Jay


this is kind of gross, but it is real funny.  i don't think this is your type
of humor, but girls here at work thought that it was funny so hopefully you
will too.
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/08/2001
03:41 PM ---------------------------

Matthew Lenhart
08/25/2000 09:42 AM
To: Schang@cook-inlet.com
cc:

Subject: The Joys of Marriage

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/25/2000
10:42 AM ---------------------------

Shirley Elliott <shelliott@dttus.com> on 04/07/2000 09:54:13 AM
To: jjohnson@daewoous.com, kmcgallion@king-ranch.com,
Terri@EDIarchitecture.com, waldron50@yahoo.com, Sablica@compuserve.com,
scody@acplasticsinc.com, sclarkson@tractebelpowerinc.com,
Chad.Landry@enron.com, Matthew.Lenhart@enron.com, matthew.overbeck@ac.com,
JohnWheeler@PZLQS.com, hallieklassen@usa.net, j.cruthis@mail.utexas.edu,
AChang01@coair.com, Liz.Mortenson@chron.com, Allison Damon
<adamon@dttus.com>, Michael Lednicky <mlednicky@dttus.com>, Todd Rimmer
<trimmer@dttus.com>, Chris Strain <cstrain@dttus.com>
cc:

Subject: The Joys of Marriage

> I've got game....'Ole!
>
>
>
> Subject:      FW: The Joys of Marriage
>
>  <<cuddles>>
>

 - FARTINGI.AVI
 - RFC-822.TXT
---------------------------------- Forwarded
----------------------------------
From: mwilkerson@ajilon.com at Internet-USA
Date: 4/7/00 8:50AM -0500
To: Shirley Elliott at DTT.US.HOUSTON
*To: AMorse@EMJMETALS.COM at Internet-USA
*To: hymela@netsolve.net at Internet-USA
*To: bretts@mail.utexas.edu at Internet-USA
*To: brian.sorensen@chase.com at Internet-USA
*To: vmw@ispchannel.com at Internet-USA
*To: Elrhea.stockton@dcicorp.com at Internet-USA
*To: jdryer@kpmg.com at Internet-USA
*To: jwaldman@ers.state.tx.us at Internet-USA
*To: jim_stiffler@dell.com at Internet-USA
*To: keith.hatley@allegiancetelecom.com at Internet-USA
*To: sablica@compuserve.com at Internet-USA
*To: mark_hooper@dell.com at Internet-USA
*To: Michael_Ecklund@hines.com at Internet-USA
*To: r8834c@email.sps.mot.com at Internet-USA
*To: dmehta@uth.tmc.edu at Internet-USA
*To: mdeshotels@rightnowtech.com at Internet-USA
*To: pavri@bplaw.com at Internet-USA
*To: pconnor@us.ibm.com at Internet-USA
*To: RMoser@EMJMETALS.COM at Internet-USA
*To: ryane@tocquigny.com at Internet-USA
*To: Schoelpple@yahoo.com at Internet-USA
*To: swlh@excite.com at Internet-USA
*To: hookem@ev1.net at Internet-USA
*To: wwindom@aol.com at Internet-USA
*To: waldron50@yahoo.com at Internet-USA
Subject: The Joys of Marriage
------------------------------------------------------------------------------
-


The only thing we need to make sure we are covered on is all the Huber purchases in the Powder River will be starting on Dec 1.  They could be quite involved.  So let's make sure we are ready, especially if you are out.

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Thursday, October 18, 2001 11:12 AM
To:	Whitt, Mark
Cc:	Felling, Amy; Lucci, Paul T.
Subject:	vacation

Mark,
I'd like to request vacation for the following dates:
Tuesday, November 20th
Wednesday, November 21st
Monday, Novmeber 26 the
Tuesday, November 27th.

We got our tickets for San Francisco to go to my parents house for Thanksgiving.

Amy will be here to cover.

Thanks,
Theresa


Hey chica que pasa?  I am bored and its 2 in the freaking morning and I am
sick and this really sucks.  Anyway this wasn't a mail to complain.   I
wanted to know if you were still having your party on Saturday,  if I was
still invited, if I could bring anything, and how to get to your house.  Well
hope your day goes well.  One more night shift to go and then 5 days off for
me!


Sure.  Just e-mail or call me when you are ready.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Monday, November 26, 2001 5:16 PM
To:	Geaccone, Tracy
Subject:	RE:

Can you give me 10 minutes?

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, November 26, 2001 5:15 PM
To:	Harris, Steven
Subject:

Are you ready to go?


I just sold 3,000 dth to CES for July 31st, deal 348523.  Per Jeff Porter,
this is an in-ground storage transfer.  Jeff is faxing me the form to
transfer the gas from ENA's storage to BG&E's storage account.  The transfer
needs to be completed by July 31st.


When entering deals to purchase from Enron Canada at the BC Border.  Please
make the counterparty Enron Canada Power Corp, NOT ST-Alberta as we had
previously been instructed.
Thanks you,
Bill


Attached you will find the interview packet for the above-referenced person.
The interview will happen Tuesday, March 13,   2001 .  Please print both
documents for your hard copies.  If you have any questions, or conflicts of
schedule, please do not hesitate to contact me.

Sasha Divelbiss
58714