Thank you for incorporating our changes into the contract.  I am having our
attorney review the added paragraph under "Representations and Warranties."
Once I have her opinion, I will let you know.

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Thursday, October 19, 2000 2:51 PM
To: Pfister, Christian W.; Mc Whirter, Daniel D.
Cc: James.I.Ducote@enron.com; Janet.H.Wallis@enron.com
Subject: Re: Enfolio Contract with CPS

(See attached file: CITYPublicServiceSanAntonio.doc)

Attached please find a revised Enfolio Contract with CPS.  The changes
      incorporated in the attached contract are:
1)  "City Public Service (San Antonio)" has been changed to "The City of
      San Antonio, acting through City Public Service Board".
2)  The effective date has been changed to "October 1, 2000.
3)  The changes requested in items 1 and 2 of the addendum have been
      incorporated.
4) The Utilization of Small Business Concerns language has been added as
      the last item in Appendix "1", and
5)  An additional representation has been added at the end of the
      Representations and Warranties in Appendix "1" relating to the
      necessary authorizations with respect to the execution, delivery and
      performance by Customer of  this Agreement.

If these changes are acceptable please advise and we will forward two
      original copies for execution.


Jim - The early estimate of $100,000 was way low and ignored Options.  Short answer:  Avg. Board fees in 2000 were $79,000 (about 1/3 required to be deferred).  Plus avg. phantom stock grant of $53,000 and stock options of $205,000, for total AVG 2000 value of $337000.  Obviously big variable is value of options, which are based on a fixed number but a varying Black Scholes value.  Paula


The ever changing world of Enron

John Lavorato would like to speak to you today.  So Please come to a meeting at 2:30

 -----Original Message-----
From: 	Hall, Bob M
Sent:	Friday, January 11, 2002 1:48 PM
To:	Reeves, Leslie; Gossett, Jeffrey C.; White, Stacey W.; Keiser, Kam; Theriot, Kim S.; Baxter, Bryce; Wynne, Rita; Aucoin, Evelyn; Allen, Thresa A.; Mcclure, Mark; Miroballi, Angelo; Love, Phillip M.; Valdes, John; Severson, Russ; Dhont, Margaret; Winfree, O'Neal D.; Palmer, B. Scott; Giron, Darron C.; Couch, Greg; McLaughlin Jr., Errol
Subject:	Netco meeting today

I know we have moved this meeting already, but since I have very little info ( only what I read on Yahoo!)
I think we should wait till next week to meet.  So I am going to cancel.

I have given Leslie, Jeff , Stacey and Rita,  Enron BUCKS cards.  Make them buy you a drink.

Let me know if you hear anything.

Thanks for you patients and continued understanding.

bob


Hey Melba,

A revision on Number 3,
It should read:

3) NBPL/Manhattan - The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois (Meter No. 82).

Thanks

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Monday, October 08, 2001 1:54 PM
To:	Lozano, Melba
Cc:	Storey, Geoff; Simpson, James
Subject:	New Products

Hi Melba,

We need to have a couple of new physical products set up as soon as you can.  They are:

1) Nicor/E. Dubuque = The interconnection between Nicor Gas Company and Northern Natural Gas Company located in Jo Daviess County, Illinois

2) PGLC/NGPL (Non-Pool) = The interconnection between The Peoples Gas Light & Coke Company and Natural Gas Pipeline Company of America (Pin No. 909285)

3) NBPL/Peoples/MANHTN = The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois (Meter No. 81)

Please let me know when these products can be activated.  Thanks


-----Original Message-----
From: 	Lisa.Haughton@ubsw.com@ENRON
Sent:	Monday, February 04, 2002 9:42 AM
To:	Liliana.Chiu@ubsw.com; Valdez, Christina; Ernest.Pittarelli@ubsw.com; Andrew.Watson@ubsw.com
Subject:	Daily Conference Call

Per Lilianan's request, below please find the details for your daily
conference call.  Christina - please forward this information to the
appropriate people in your office.

Thank You
Lisa Haughton
203-719-4479

UBSW Energy
Daily @ 10AM Eastern
Beginning Tuesday, February 5th
every weekday through February 15th
Domestic Dial-in: 877-732-4380
International: 303-804-1786
Conference I.D.: 1521157

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


John,

Thanks so much for your call last week.  I know how busy you are and I appreciate you taking the time and effort to contact me.  Congratulations on UBS and I wish you the best of luck in your new venture.  I have enjoyed working with you and hope our paths cross again some day.

Sincerely,

Kristin Walsh


Hi Everyone,

There is a new version of Deal Entry (Ver. 2.6.6.44)  in stage that needs to
be User Acceptance Tested.

Here are the changes to focus on:

External Exchange fields (Houston Street and True Quote) are now activated.
(Data can be entered for these fields.)
Heat Rate Swap deals now display the View Actuals tab for both physical and
financial deals.  However, only physical deals can be routed.

Please test the application and let me know (by way of email or phone call)
if Deal Entry is working well, and can be migrated to Production.  We are
hoping to release it to Prod by tomorrow morning, (December 29, 2000).

Thanks,
Nadine Costanzo (713)853-9863.
.


Tana -
This e-mail includes the attachment.  It "fell off" my e-mail from last night.

Thanks -
Rob

 -----Original Message-----
From:  Cass, Robert B.
Sent: Tuesday, April  24, 2001 6:29 PM
To: Jones, Tana
Cc: Moorer, Torrey; Denny, Jennifer; Thomas, Sheri
Subject: Request Termination Agreements for 4 EnronOnline Transactions

Hi Tana -

We need your assistance in preparing termination letters for the transactions
listed on the attached spreadsheet and described as follows:

On Friday, April 20, 2001, four transactions occurred on EnronOnline that
were in error.  One transaction was with Coral Energy Holding L.P. and three
transactions were with Morgan Stanley Capital Group, Inc.  As mutually agreed
to by both the Enron commercial team and the respective counterparties, it
was decided that each of the four transactions would not be confirmed and
should be terminated.

The exact specifics are detailed as follows:

? The transactions occurred due to an inadvertent entry in the actual
production system of EnronOnline by a Product Control Group member, Melba
Lozano.  Melba activated a product assuming that she was in the EnronOnline
test system of EnronOnline.

? The product transacted upon is normally managed by Frank Ermis.  However,
in his absence on Friday, the product was managed by Matt Lenhart.

? Steve South, trader on the West Desk, called and notified both Morgan and
Coral that the product had been posted in error.  All parties agreed that the
transactions were not reflective of the normal pricing.  As a result they
further agreed that transaction confirmations would not be necessary and that
the deals would be "killed" on all sides.  (For reference of any telephone
tapes that may need to be pulled, the conversations with the counterparties
occurred around 2:00 pm.)

? No confirmations were generated as a result of the killing of the
transactions in TAGG.

? I spoke with Mike Grigsby on Monday (April 23, 2001) and advised him that
termination letters may be required by Legal.  He responded that he had no
problem with that.

Tana, please advise if additional information is required to complete the
termination letters or if another course of action is warranted.

Thank you,

Rob Cass
x35491


(See attached file: rigs051101.PDF)

______________________________________________________________________________
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L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS
(et ses filiales) decline(nt) toute responsabilite au titre de ce message,
dans l'hypothese ou il aurait ete modifie.

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This message and any attachments (the "message") are intended solely for the
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delete it and immediately notify the sender.

Any use not in accord with its purpose, any dissemination or disclosure,
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The internet can not guarantee the integrity of this message. BNP PARIBAS
(and its subsidiaries) shall (will) not therefore be liable for the message
if modified.
______________________________________________________________________________
_______________________________________________________

 - rigs051101.PDF


Here's the version NorthWestern approved.

Letter to follow...

Kay


Spreadsheet has been updated and sent to Neil Bresnan, Daniel Kang, and
Jubran Whalan at EES. Thanks for your help on this.

Kate

Mark Confer
03/05/2001 09:03 AM
To: Kate Symes/PDX/ECT@ECT
cc: Brooklyn Couch/HOU/EES@EES

Subject: EES Spreadsheet Update

Kate, I am checking out EES February deals with Brocklyn Couch and problems
were noted on two deals 512775.1 on the 5th & 527967.1 on the 22nd.

EES was not agreeing to what we (Enron Power) has in Enpower.  Per Phil
Platter our numbers are correct and the worksheet needs to be updated to
reflect Enpower.

EES stated they will adjust their numbers once they get an updated sheet.
Thanks,

Mark


Matt,

Thank you for your note.   I understand that the reporting requirement
(According to the Korean Foreign Exchange Transaction Regulations("FETR"), a
prior report to the Bank of Korea is required for the Derivative Transaction
whose underlying assets are not financial products, i.e., "Commodity
Derivative" by our own definition.) is a legal issue to be clarified and
handled carefully.   However, speaking with the Bank of Korea and Hyundai
Oil, I have the understanding that the Bank of Korea is willing to be
flexible enough to accommodate instantaneous on-line derivative trading.  We
might need official confirmation of this from the Bank of Korea, but I think
that, working with the Bank of Korea, we could find a solution to this legal
issue.   The following are some of the facts regarding the reporting
requirement issue:

Although the Bank of Korea has the legal discretion to reject any report
made, when I spoke with them a month ago, they emphasized their intention
that they would not reject any report unless the transaction falls under
either of the two categories stipulated in the Article 7-61 of the FETR (1.
option premium more than 20%,  2. illegal  transaction).

Early this week, I talked with the Bank of Korea and Hyundai Oil, and both of
them confirmed that since Apr. last year total 17 reports (from Hyundai Oil)
have been filed with the Bank of Korea regarding Oil derivative
transactions.   All 17 reports were submitted after the transactions had been
made (ex post facto reporting), and many times Hyundai Oil put 2-3
transactions together in one package (one-page filled out form per
transaction) for reporting.   That's why Kim & Chang, the local law firm, got
the information of 7-8 reports from the Bank of Korea.

Both Hyundai Oil and the Bank of Korea said that the report is more like a
notification and that the Bank of Korea just checks whether the transaction
falls under either of the said 2 categories.  As far as a transaction does
not fall under either of the 2 categories, neither the Bank of Korea nor
Hyundai Oil  cares about the reporting.   The Bank of Korea does not insist
on reviewing the report prior to the transaction and does not care even if
the report is made even 1 or 2 weeks later.   That's why sometimes it takes a
week for the Bank of Korea to return the report with its seal on it.   The
Bank of Korea said that normally it takes less than one hour to review and
place its seal on a one-page report.

Regarding the Weather Derivatives, there is an issue whether Weather
Derivatives will be classified as a Commodity Derivative or a Financial
Derivative since Korea has no experience with such a product.   In the FETR,
there is a general definition of the "Derivative Transaction".   No separate
definition of the "Commodity Derivatives" or "Financial Derivatives".
However, the FETR treats the Derivative Transaction whose underlying products
are commodity products like grains and metals differently from the Derivative
Transaction whose underlying products are financial products like interest
payments and foreign currencies.   For convenience' sake, I would call the
former the "Commodity Derivative" and the latter the "Financial
Derivative".    The FETR stipulates that a prior report to the Bank of Korea
is required for the Derivative Transaction whose underlying assets are not
financial products (i.e., Commodity Derivative by our own definition) and
that a prior approval of the Bank of Korea is required for the Derivative
Transaction whose underlying assets are financial products (Financial
Derivative by our definition) "among non-banking residents or between
non-banking resident and non-resident".   No approval or report is required
for the Financial Derivative Transaction if a banking institution is
involved.    When I talked to the Int'l Finance Dept. of the Bank of Korea,
which is responsible for the prior report and approval, they informally
indicated that the underlying asset of the Weather Derivatives doesn't seem
to be a financial product.  They said that they would need better
understanding of the Weather Derivatives in order to determine that formally.

I hope that Matt's note and the above information are useful for all of you
to understand the legal situation better.  Let's discuss and clarify these
issues in our conference call.  Thanks.

Regards,
Jae-Moo

Matthias Lee@ECT
08/24/2000 08:22 PM
To: Jae-Moo Lee/Corp/Enron@ENRON
cc: Christopher B Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Joseph P
Hirl/AP/ENRON@ENRON, David Forster/Corp/Enron@Enron, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Alan
Aronowitz/HOU/ECT@ECT, Mike Brown/ENRON@Gateway@ENRON, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Raymond
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, John
Viverito/Corp/Enron@Enron, Rousseau Anai/AP/Enron@Enron, John
Chismar/SIN/ECT@ECT, Victor Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON,
Li Yin Lim/SIN/ECT@ECT, Mark Taylor/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Jonathan
Whitehead/AP/Enron@Enron, Michelle Lee/Corp/Enron@Enron, Ann
Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Matthias Lee/SIN/ECT@ECT,
Angeline Poon/SIN/ECT@ECT

Subject: Re: EOL Korea

Jae-Moo

On the section of Regulatory/Legal Environment, it may be useful to note:

1. There is no official rule or regulation that ex post facto reporting for
Commodity Derivatives are acceptable to the Bank of Korea, although your and
Korean external lawyer's (Kim & Chang) informal verbal enquiries with the
Bank of Korea have suggested they have accepted some  7 or 8 reports since
April last year (all from Hyundai Oil).

2. The Bank of Korea take up to two weeks to review the reports and, as Kim &
Chang has advised, there remains a possibility that the Bank of Korea may
reject the report, although they were not able to advise the grounds on which
a report may be rejected.

3. Although, a foreign counterparty need not file a report or seek approval,
the Korean counterparty must still do so for the benefit and interest of the
foreign counterparty. Kim & Chang advised that where reporting or approval is
required but is not made or obtained, the Korean counterparty would not be
able to remit its payments under the transaction. This would clearly impact
on the settlement of the transaction, in particular shorter term deals since
reporting and approval may take several weeks.

4. The Supreme Court of Korea has ruled that a foreign exchange authorization
that was originally required should be obtained in order for a foreign party
to execute any judgment against the Korean party and remit the proceeds.

Regards
Matt

Jae-Moo Lee@ENRON
08/24/2000 04:58 PM
To: Christopher B Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/AP/ENRON@ENRON, David Forster/Corp/Enron@Enron, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz/HOU/ECT@ECT,
Mike Brown/ENRON@Gateway, Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Viverito/Corp/Enron@Enron,
Rousseau Anai/AP/Enron@Enron, John Chismar/SIN/ECT@ECT, Victor
Santos/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Li Yin Lim/SIN/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jonathan Whitehead/AP/Enron@Enron
cc: Michelle Lee/Corp/Enron@Enron, Ann
Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: EOL Korea

As many of you are aware, over the past few months we have been investigating
whether or not it would make sense to seriously consider an EOL launch in
Korea from a market, regulatory and legal perspective.  The primary interest
has been on reviewing whether or not we could launch existing products in
Korea (e.g., products already handled by Singapore EOL) as well as new
products (e.g., Seoul weather).

This initial work was directed primarily by the Korea team working within the
APACHI group.  If a launch is to progress much further from this point,
however, substantial attention by the EOL team would be required.  To
facilitate this, the attached presentation summarizes our primary findings to
date and some of our thoughts.  We would appreciate your taking a look at the
attached document.

We would like to arrange a conference call for next Thursday (Aug. 31st) at
6:00 pm by Houston time (Friday at 8:00 am by Tokyo time) to discuss the
attached document and to solicit thoughts as to next steps.  Please let me
know whether you will be able to join this call or, if you have a conflict,
an alternative time.  Your participation will be greatly appreciated.

Best regards,

Jae-Moo


Here you go.  Let me know if you have any questions.

Robin


This is a forward power contract.  It is actually a one-off contract so no
master agreement (and no CSA at least at the moment). It's an option
arrangement whereby we have an option for each of four years (years 2-5 of
the deal) to supply power at preagreed terms.  We pay the option premium
during year one by means of a rebate to the customer of a fixed % of their
electricity costs.

I guess we just have to include additional provisions to the agreement
covering the various credit issues which need to be dealt with, but I am not
quite sure where to start in a stand alone agreement situation.

Sorry about this.

Thanks.

Ps. We are under enormous pressure to get this deal done ASAP and in any case
by Christmas - this is the first forward power deal we will actually sign.

	Alan Aronowitz@ECT
	2000/11/28 08:19

		 To: Jane McBride/AP/Enron@ENRON
		 cc: John Suttle/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
		 Subject: Re: credit for Nippon Chemi-con

Jane:

I believe the attached credit worksheet describes language that would be
included in the Credit Support Annex.

John/Sara, do you have any go by's to assist Jane on this one.

Thanks for your help.

Alan

	Jane McBride@ENRON
	11/27/2000 05:11 PM

		 To: John Suttle/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT
		 Subject: Re: credit for Nippon Chemi-con

Hi John,

Thanks for this, just wondering though, how do you usually get from this sort
of table to the actual provisions to include in the contract.  Alan, Mark, is
there any easy way to do this?

Thanks.

Jane

	John Suttle@ECT
	2000/11/28 07:05

		 To: Morten E Pettersen/AP/Enron@Enron
		 cc: Jane McBride/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: credit for Nippon Chemi-con

Morten Erik -

I recommend the credit terms provided in the attached document to be included
in the Nippon Chemi-con contract.  These are industry standard terms for a
counterparty with credentials such as Nippon-Chemi-con, and these industry
standards are what will enable Enron to syndicate the credit risk if we
decide to do so in the future.

After my discussion with Jonathan last week, I think it is clear that Credit
is on the same page with your team in that we recognize the importance of
getting this first deal booked.  I think that in proposing the terms of your
transaction to the counterparty though, Enron can begin educating the market
as to the nature of the credit risk imbedded in the deal structure, and in
doing so, begin setting the same standards we have in our other portfolios.
The attached credit terms are not set in stone, but I think they are a good
place to start.  I will make myself available to you and the counterparty to
discuss the credit terms, and we will be very willing to negotiate the terms
in good faith.

My point is simply that we should not enter into any of these transactions
without fully discussing the credit implications with the counterparty.

Please feel free to call me or write if you have any questions or concerns.

John
x30906


----- Forwarded by Brent Hendry/NA/Enron on 10/16/2000 11:41 AM -----

	Dale Neuner@ECT
	10/11/2000 04:31 PM

		 To: Amita Gosalia/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, William
Stuart/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT,
Jason Althaus/Corp/Enron@Enron, Mark Dilworth/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT
		 cc: Sheri Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert
B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT
		 Subject: FX Issues

This e-mail is admittedly long, so I have classified the issues:

Legal/Tax Issue:

I have been told by the FX group here in Houston that London traders are able
to act on the behalf of the US FX Desk because the transactions they do are
for hedging purposes only (no proprietary trading). For example, the FX
transactions that are done by Trena McFarland in London are done on the
behalf of our Houston office, so Houston books the transaction, manages the
risk, and writes the Confirmation in the name of ENA.

This being the case, (i) can we apply the same logic on the internal FX
transactions that will be managed by both the US and UK traders and have the
transacting entity as ENA (ii) if we do does it gives us the necessary tax
relief, or (iii) should we stick the Metals structure where the transactions
are offered by Enron North America, acting through it's agent, Enron Europe
Finance and Trading Limited. While this may be an Internal Only Product Type
today, what effect, if any, would the choice of trading entities have on our
ability to offer these Products externally.

Technology Issue:

David - Stuart has explained to me that the US FX Desk now views these
currency exchange products as financial products. This is contrary to
previous discussions where we felt that any currency exchange involving an
Index would be considered financial, while any 'strict exchange' would be
considered a physical transaction. The change is based on conversations
Stuart has had with the Metals traders wherein they would like to see this
exchange product as a financial product. If we accept this logic, (i) do I
need to create a Deal Type for 'Par Forward Swap' for the first FX Index
Product Type that we did as well as a 'Forward Swap' for these transactions,
or is it acceptable to leave these both as swaps, and (ii) regardless of the
Deal Type classification discussed in (i), I will need to create a new
Product Type for the 'strict exchange' - either as a physical or financial
product. Additionally, if I set this up as Financial Product, I have the
Index attribute in the template to contend with, because there is no Index;
and if I set this up as a Physical Product, I have the Location attribute to
contend with, because there is no Location. Naturally we can put something
cheesy in to fill the gap since it's internal, but if we ever decide to go
external we will need a new template - and from experience with the PJM Power
(Weather Desk) Product Type, templates requires an 'and if' statement are
hard to develop.

Dale


Attached is the CSC TTC & ATC calculations and backup data performed by
Henrik Roycourt.

Your cooperation in this matter is appreciated.

Kenneth A. Donohoo, PE
Manager of System Planning, Technical Operations
ERCOT
2705 West Lake Dr.
Taylor, TX 76574-2136
(512)248-3003, FAX(512)248-3082

The Electric Reliability Council of Texas, Inc. is the
corporation that administers the state's power grid. ERCOT
serves approximately 85 percent of the state's electric load
and oversees the operation of approximately 70,000 megawatts
of generation and over 37,000 circuit miles of transmission
lines.

?
 - ATC_TTC_year01_onpeak_ToBePosted.zip


Rudy-
Per our conversation today, the invoice for the "Hilli" delivery will be due no earlier than May 17,  2001.  If under normal payment terms the invoice would be due later than May 17, then the regular due date would prevail.

Thanks for your help,
Dan Masters
---------------------- Forwarded by Dan Masters/HOU/ECT on 04/11/2001 10:42 AM ---------------------------

Dan Masters
04/06/2001 01:40 PM
To:	radamiak@cabotlng.com
cc:
Subject:	Payment terms on "Hilli"

Rudy-
I have been asked by the plant to request that the payment terms for the "Hilli" be extended.  Since the delivery is earlier than Eco needs the product,  they would request that the invoice be due on May 17.  Please advise if this is agreeable.

Thanks,
Dan Masters


-----Original Message-----
From:  "Forte, Michael" <FORTEM@coned.com>@ENRON
[mailto:IMCEANOTES-+22Forte+2C+20Michael+22+20+3CFORTEM+40coned+2Ecom+3E+40ENR
ON@ENRON.com]
Sent: Tuesday, April 24, 2001 1:22 PM
To: Brown, Michael
Cc: Shackleton, Sara; Cray, Brian E.
Subject: Confirms with Enron

   Michael,

 Attached are our re-drafts of the financial products (collar,
participating swap and swap) that we are contemplating. Note that with
regard to the collar, the Notional Quantity was not put in the chart of the
call and put prices as we discussed, as it was too cumbersome to do so.  It
was set out as a separate line item.  We also provided for copies of certain
notices to be sent notices to be sent to the Con Edison General Counsel.
The draft confirms for the participating swap and the swap also use similar
provisions for Notional Quantity and provide for copies of such notices to
be sent to the Con Edison General Counsel.

>    <<ENA-CE Collar Confirm (4-24PM).doc>>
> <<ENA-CE Partic Swap Confirm (4-24PM).doc>>    <<ENA-CE Swap
> Confirm (4-24PM).doc>>
>
Thank you and have a great day!
Michael

 - ENA-CE Collar Confirm (4-24PM).doc
 - ENA-CE Partic Swap Confirm (4-24PM).doc
 - ENA-CE Swap Confirm (4-24PM).doc


Good afternoon!
It's Monday, June 4, 2001.

Today's news is waiting for you!

>>>What is Howard talking about today?

    REPORTER SAYS LIBRARIES ADD TO "CITYSCAPE"
    >>Washington Post "Cityscape" columnist Ben Forgey calls
    >>Howard University's two new libraries "Studies in Excellence."
    >>See what else he has to say about the two newest additions to
    >>our campus at...
    http://www.washingtonpost.com/wp-dyn/articles/A10352-2001Jun1.html

    LAW SCHOOL LIBRARY ANNOUNCES SUMMER HOURS
    >>Howard University School of Law announces the following hours of
    >>operation, effective immediately through July 31, 2001.
    >>Monday through Friday (8 a.m. to 9 p.m. daily);
    >>Saturday (10 a.m. - 6 p.m.).  The library is closed on Sundays.
    >>For information, call 202-806-8045.

>>>What else is HOWARD talking about TODAY?
>>>Click onto the web site below to find out more about...

    >>Law Library Announces Summer Hours

    >>Bunche Center Announces Gilman Program

    >>University, Eli Lilly Announce RFP    (DEADLINE: 06/29/01)

    >>Coach Offers Boys & Girls Camp        (06/18-22/01)

http://www.howard.edu/newsevents/campushappenings


Richard,
I left you a message about this issue on Tuesday.  I really need your input
before we make the payments to Lynx.  Could we meet today sometime or talk on
the phone?

Thanks,

BOb.----- Forwarded by Robert Walker/HOU/ECT on 11/30/2000 08:12 AM -----

	Cynthia Hakemack
	11/28/2000 08:39 AM

		 To: Julie Meyers/HOU/ECT@ECT
		 cc: Robert Walker/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT
		 Subject: D&P/Lynx Pricing Issues

Julie,  I'm working with Legal and Bob Surles with Lynx Energy Company on
some pricing issues regarding meter 6677.  I have verified with Bob Fischer
in the Transport Group the transportation rates that HPLC is paying to Gulf
Coast Pipeline Company, which in turn must be paid to HPLC by Lynx Energy.
Would you please change Sitara to reflect the transportation rates shown on
the schedule below?  Also, I've recalculated the average price and need you
to make those changes too. Thanks.

Sitara Period Transport Rate Price
84425 07/99 $.10 $2.1847776
84425 08/99 $.10 $2.4957319
84425 09/99 $.10 $2.7938893
84425 10/99 $.10 $2.4148763
84425 11/99 $.10 $2.8992412
128331 12/99-02/00 $.10 HSC less $.10
166026 02/00-03/00 $.10 HSC less $.10
166026 04/00-fwd $.20 HSC less $.10


Maureen,

The article for Technical Corner requires some editorial work.
Please, make sure you make the changes ASAP.

My comments are in magenta. You will see them when you open the attachment.

Vince


brignt and early--before 7.  NY was awsome.  and your weekend?

	Alexandra Saler@EES
	01/29/2001 07:53 AM

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

you were here bright and early this morning.  how was NYC?


Harry Woodson has agreed to be the primary 9:30 am to 6:30 pm person.

Robert Benningfield will assume 7:00 am to 4:00 pm normal schedule, but Robert will also be the secondary person for the   9:30 am to 6:30 pm coverage.

Randy Janzen will be agreed to cover if the need arises.

The above schedule change will be effective Tuesday February 5, 2002.

Thanks

Robert


---------------------- Forwarded by Darron C Giron/HOU/ECT on 08/25/2000
12:46 PM ---------------------------

Daniel Falcone@ENRON
08/23/2000 03:17 PM
To: Laura Luce/Corp/Enron@Enron
cc: Darron C Giron/HOU/ECT@ECT
Subject: 8/22/2000 Enovate DPR

As requested, here is an unprotected copy.  If anything else is needed,
please do not hesitate to contact me.

Daniel Falcone
713-853-3429


Hello Everyone:

Next week is around the corner and I want to inform each of you of some
details.

Location:  Omni Interlocken
   500 Interlocken Boulevard
   Broomfield, CO  80021
   Phone#:303-438-6600
   Fax#:303-438-7224
   Check-in time  3:00 p.m.
   Check-out time  12:00 p.m. (Noon)

Shuttle Service & Driving Directions:  Each person is responsible for their
own transportation to/from the airport.  Please see the attached airport
shuttle schedule.

 - SuperShuttle.doc
 - Directions from DIA with map.doc

Meeting Place on morning of June 14:  The meeting will take place in
"Interlocken A" conference room.  The meeting will begin @ 8:15 AM and will
conclude by 11:30 am.  A continental breakfast will be served beginning at
7:00 am.

Agenda:

Lunch:  I have made arrangements for Box Lunches to be available for everyone
directly after the meeting.  They will be served outside of the meeting room
at 11:30 AM.

Attire:   I'm all for CASUAL

Golf:  Tee times are set as follows: 12:39, 12:48, 12:57, 1:06, 1:15, &
1:24pm.  The Eldorado is the course you will be playing on.  A shuttle has
been scheduled to pick up everyone beginning at 11:45 am.  All golfers are to
check in at the golf shop; from there your clubs and carts will be
assigned.   I will e:mail the teams list next week, along with your tee
time.  Golf attire: Proper golf attire includes golf slacks, golf shorts, and
spikeless golf shoes.  Men must wear collared shirts, and women must wear
"golf appropriate" shirts.  Player's not conforming to this policy will not
be given access to the golf course.

Whitewater Rafting: A deluxe motorcoach is scheduled to pick-up the rafters
at 12:30 pm at the East Entrance/Garden level of the resort.  Folks, the
water will be cold; it might be a good idea to take a towel or jacket for the
ride back to the resort.  Also, rivershoes are recommended for this activity,
as well as, sunscreen and hats.   No cotton or flip-flop sandals.  Have
Fun!!!!

Hiking: A deluxe motorcoach is scheduled to pick-up the hikers at 12:30 pm at
the East Entrance/Garden Level of the resort.  Please check the attached link
for a weather update below.   Recommended attire:  Shorts or hiking attire,
appropriate footwear, sunglasses, sunscreen and hats.

Spa Services:  If you have not made your spa arrangements, please do so
soon.  The number to call for spa services is 303-438-6600

Dinner:  A buffet dinner will be served at the fairways tent (at the golf
course).  You can't miss it!!!!!  Your choice of transportation to the golf
course is up to you.  You can either walk (about 1 mile on sidewalk) or take
the shuttle.   It is best to request the service 15-20 minutes prior to
dinner time or drinks time.   Dinner will begin at 7:00pm and wine & beer
will be served 30 minutes prior.

Weather: Please click on the attached link for a Colorado weather update.

 http://www.weather.com/weather/local/USCO0105

Final Reservation/Activity List:  Attached is the final list of
arrivals/departures, as well as, activities everyone is participating in.

Thanks and please don't hesitate to call if you have any questions.

gngr
713-853-7751


Cindy,

Yes, I shall co-author this paper and I have planted  the idea in John
Martin's head.

Vince

From: Cindy Derecskey@ENRON on 10/25/2000 11:38 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Baylor-Enron Case Study

Vince,

I forgot to inquire whether you would also like to be present during the
interview process with John Martin and Ken, Jeff and Andy?

Let me know....thanks,

Cindy


Per my phone message.   Look at the tab labeled "NNG Detail Net Margin"

Please give me a call to discuss. (X7176)


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Thanks!  I'm gun-ho to learn everything I can about financials and EOL.  I
really do appreciate all your help.
G

From: Tana Jones@ECT on 05/10/2001 02:00 PM
To: Georgi Landau/NA/Enron@ENRON
cc:

Subject: Re: New ISDA Contract for Prior - EOL Updated

Good job!

	Georgi Landau@ENRON
	05/10/2001 01:08 PM

		 To: Kelly Lombardi/NA/Enron@Enron, Karen Lambert/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: New ISDA Contract for Prior - EOL Updated

FYI

I just terminated ISDA K#96007359 for Prior Energy Corporation, CP #2630 and
I updated EOL Profile Manager with a new ISDA K#96060326 for Prior Energy
Corporation.

Georgi


You guys have the list right?  Can you send it to Mike?

Tom

 -----Original Message-----
From: 	Curry, Mike
Sent:	Thursday, January 31, 2002 10:52 AM
To:	Martin, Thomas A.
Subject:	FW: ERCOT Counterparties

Tom,  Here are power's top trading counterparties.  Let me know if gas has others.  I want to make sure our marketing group gets all the master agreements in place that we need in Texas for gas and power as fast as possible.  - Mike

 -----Original Message-----
From: 	King, Jeff
Sent:	Thursday, January 31, 2002 10:06 AM
To:	Portz, David
Cc:	Gilbert-smith, Doug; Curry, Mike; Schiavone, Paul
Subject:	ERCOT Counterparties

David,

Doug asked me to get you a list of our top counterparties in ERCOT.  Below is our list:

Calpine
Dynegy
Mirant
Aquila
Constellation
El Paso
TXU
Reliant
ANP Marketing
FP&L
BP Amoco
LCRA
Morgan Stanley

Call me if you have questions.

Thanks
Jeff King (x37111)


Operations is digging out 2000 feet of pipe to begin the hydro test today or
thursday.  If the test results are good, they'll recoat the pipe and put it
back in service.  We could be at 80% volume on Friday afternoon, but this is
tentative.

Also, the smart pig test run several months ago identified 4 potential areas
that need inspections west of station 5.  While east of thoreau is down,
these 4 areas will also be inspected.

Do not pass this info onto customers at this point till we have further
information.  We will make a posting hopefully this afternoon.  Operations is
also trying to combine some additional compressor work to this outage (i.e.
grouting another unit and replacing some valves).  This work will limit our
west deliveries to 875,000.  This notice will also be posted shortly.

see me if you have questions
KH


My Location is EB3212c - can you send it to me.

Thanks.

Michael Simmons
10/30/2000 11:50 AM
To: Stephen Schwarzbach/Corp/Enron@Enron, Eric Bass/HOU/ECT@ECT, Luis
Mena/NA/Enron@Enron, Paul J Broderick/HOU/ECT@ECT, Sarah Goodpastor/Enron
Communications@Enron Communications
cc:
Subject: UT & atm flag football

I've received the fund raising envelopes for the flag football tournament.
I need everyone to pick these envelopes and begin collecting for UT.

I'm at 2918b or you can send me your location and I will  try to use the
interoffice mail.

Alternatively, you can just solicit on your own without the envelope (which
makes it more official).   Keep in mind that contributions will be matched by
Enron and make checks payable to the University of Texas at Austin.  Last
year we donated about $30 K to A&M Bonfire memorial scholarship efforts.
Money collected this year will goto the general scholarship fund at UT.

Each team is expected to raise $2000  and we have less than 20 days left, so
do your part.

---

Also, if anyone is interested in practicing this weekend or next, let me know
and I will try to arrange it.  Webb's team is not practicing.

---

Finally, we're still short 2 guy players.

-Mike  ext. 37842


Jim Smith with Powell has advised the Master will be signed on April 20th at
their Board Meeting.   I will call Mr. Smith re status and advise.

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


Randy, looks like a good solution - well done.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/19/2000
02:01 PM ---------------------------

Randal Maffett
12/19/2000 10:32 AM
To: David W Delainey/HOU/ECT@ECT
cc: Jeff Donahue/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mark
Koenig/Corp/Enron@ENRON, Lisa Mellencamp/HOU/ECT@ECT
Subject: Ecogas/Fidelity issue

Dave - I think I've worked out a solution to the Fidelity problem.  Enron
North America and Fidelity will agree to a back to back Put/Call option
whereby after closing the sale to PNE Enron has a 6 month Call option (thru
6/30/01) to cash them out at the contract price (=$5.2MM less PV10 of accrued
tax credits to date).  For the period of July 1-31, 2001 Fidelity would have
a Put option at the same price.

This accomplishes the following:

Preserves $5MM cash for Enron by allowing us 6 months to find a new buyer for
the tax credits and doing a back to back flip.
Preserves the integrity of the tax credits for cal 2001 (Gasco and Genco have
to be unaffiliated) which will maximize our ability to recover our
costs/minimize losses.
Gives Fidelity a date certain when they're out of the deal AND gives them
optionality to stay in if they choose.
Gets the deal between Ecogas and PNE done structurally to PNE's satisfaction.

I spoke w/ Donahue about internal approvals and since Enron is already
exposed for the $5.2MM, and the balance can only go down (not up), we didn't
feel this would need anything other than ENA Legal and Office of the
Chairman.  I'll assume this is correct unless I'm told otherwise.


what is up!!  did you move or something??  How is the BBQ place going??

mc


Can you give me the name of the lady who spoke at  a summer meeting from the
University of Houston also  the author of  THE COLOR OF MONEY?

Many thanks!

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


Sure.  But, we are also talking about the ROI model.  OK??

Make sure you tell Karen about academy awards.  She left a message on the
machine.  Also, tell David and Nina and anyone Karen wants to bring is fine.
Just let me know about how many people.

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:  Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Wednesday, March 21, 2001 10:48 AM
To: Cameron Sellers
Subject: Re: FW: 3/20 field update from Ian, Kevin, David H., James
B.

Class on Thursday.  Something that we can talk about in Mexico?


Mo,

I understand how broker dinners can be, but hope you can make it anyway.  It was great getting to know you.  Too bad we didn't hang out more this past year!  Keep in touch, and be sure to give me the updates on the cooking career.  I'm coming back to TX as soon as you open your restaurant.  I don't have my new address in Boston yet, but my email is bthoskins@hotmail.com.  You can always catch up with me at my parents' house: 5200 Boulder Ct.  Louisville, KY 40207, 502-895-0980.  Hope the trading is going well.

Brian

_____________________
Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net

	Monique Sanchez/ENRON@enronXgate 05/29/01 05:31 PM 	   To: Brian Hoskins/Enron Communications@Enron Communications  cc:   Subject: RE:

Hey there,

I have a broker dinner on thurs.  These things can drag out...so I'm not sure I'll be able to stop by.
Best of luck in school.  I enjoyed hanging out with you the short time we knew each other.  Forward me your new email address when you get one.  I'll write you if I take the plunge and reverse the long trading/short cooking spread.  Who knows.
Take care,

Mo
also (moshuffle@hotmail.com)

 -----Original Message-----
From: 	Hoskins, Brian
Sent:	Tuesday, May 29, 2001 11:26 AM
To:	bthoskins@hotmail.com
Subject:

Dear Friends and Colleagues,

It's been a great run at Enron and Houston, but after three wonderful years, it's time to say goodbye.  As most of you know, I'm headed off to Harvard Business School this fall.  I have truly enjoyed getting to know each of you, and I'll miss you next year.  I want to wish you the best of luck and future success.  I'm leaving Houston next Friday, but I would like one last chance to say goodbye.

Please join me this Thursday, May 31 at Teala's (3210 West Dallas) from 6-10pm for a Farewell Happy Hour.  I hope to see you there!

Brian

_____________________
Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net


plz call when you can.  thanks, jeff  415.782.7822.


Dear Mr. Jeff Skilling,

We have received your registration for the Sun Super Bowl XXXV event and are
processing it at this time.

Sun Super Bowl XXXV Travel Headquarters will e-mail a preliminary air
itinerary for your review within the next 48 hours.

Please review your registration summary below to ensure that we have the
correct information.

If you have any questions or changes, please contact the Sun Super Bowl XXXV
Registration Team at sunsuperbowlXXXV@hornet.eeginc.com.

Name: Mr. Jeff Skilling
Registration Type: Attendee
Badge Name, first: Jeff
Shirt Size: Large
Guest Name: Rebecca Carter
Guest Badge Name, first: Rebecca
Guest Shirt Size: Medium

Title: President and Chief Operating Officer (COO)
Company: Enron Corp
Business Mailing Address: P.O. Box 1188
Business Mailing Address 2:
Business City: Houston
Business State: TX
Business State, other:
Business Zip Code: 77251-1188
Business Country: USA
Business Telephone: 713.853.6894
Business Cellular:
Business Fax: 713.646.8381
E-Mail Address: jeff.skilling@enron.com

Administrative Assistant first name: Sherri
Administrative Assistant last name: Sera
Administrative Assistant telephone: 713.853.5984
Administrative Assistant email: sherri.sera@enron.com

Home Address:
Home Address:
Home City:
Home State: None
Home Zip:
Home Phone:

Travel Documents mailing address: Business_Address

Emergency Contact Name: Sherri Sera
Emergency Contact Relation: Assistant
Emergency Contact Phone: 713.854.1426 (24 hours)

HOTEL INFORMATION
Hotel Reservations: Group Dates
Hotel Room Type: Smoking
Hotel Bed Type: King Queen
Hotel Comments: We are unable to arrive until Friday, January 26, 2001

AIR FLIGHT INFORMATION
Attendee Closest Airport:
Guest Closest Airport:
Preferred Arrival Date:
Preferred Departure Date:
Preferred Airline:
Attendee Frequent Flyer Numbers:
Guest Frequent Flyer Numbers:
Attendee Seating Preference: None
Guest Seating Preference: None
Airline Comments:
Attendee Dietary Considerations:
Request Applies To:
Guest Dietary Considerations:
Request Applies To:
Arrival Transfers: No
Departure Transfers: No

ACTIVITY INFORMATION
Attendee Activity Choice Friday, Jan 26: Spa Treatment: Massage and Mini
Facial
Attendee Activity Choice Saturday, Jan 26: Epcot Behind the Scenes Gardens
of the World VIP Tour
Guest Activity Choice Friday, Jan 26: Spa Treatment: Massage and Pedicure
Guest Activity Choice Saturday, Jan 26: Epcot Behind the Scenes Gardens of
the World VIP Tour

If you require any changes to the information submitted, please contact us
via phone or email at the following:

sunsuperbowlXXXV@hornet.eeginc.com
Tel. (Domestic): (877)-660-6603
Tel. (International): (415)-466-7705
Fax: 415-507-1480


On November 8, the Office of the Chairman, issued an important communication,
announcing significant organizational changes in Enron's worldwide
operations. The purpose of this memo is to share with you the decisions that
are underway to restructure  Enron,s operations in South America.  The basic
organizational framework has been set.

As you know, Diomedes Christodoulou and Jim Bannantine will be assuming new
responsibilities within Enron. Replacing them will be Orlando Gonzalez and
Joe Kishkill, who will become the Co-Presidents of South America, reporting
to Dave Delainey and John Lavorato.  They will share overall responsibility;
however, Orlando,s focus will be on direct sales origination,
commercial/government relationships and regulatory issues.  Joe,s focus will
be on wholesale origination, financial and operating performance and overall
country management.  In addition, Orlando will continue as President and CEO
of Elektro until its ultimate sale.

The existing, large integrated asset base in South America (excluding
Elektro) will be managed and operated by Rebecca McDonald and Jim Hughes in
Enron Global Assets, which is part of Enron Wholesale Services under Mark
Frevert. Ultimately, there will be very close coordination in both Brazil and
Argentina between Enron Americas and Enron Global Assets to ensure that our
reputation in South America is protected, our asset positions are being
managed prudently and that commercial opportunities surrounding these assets
are pursued.

The remaining natural gas and electrical commercial activities in South
America will be organized around the highly successful North American network
business model.  This model employs people, market making, physical
commodities, capital and assets to provide reliable, flexible and high-value
products to our customers.  It is people and intellectual capital based and
enjoys high rates of return on invested capital.

In the interest of pursuing this strategy, the following teams will report to
Joe and Orlando:

The Commercial Origination team will be lead by Brett Wiggs.  The team will
focus on covering South American markets, primarily Brazilian and Argentine
natural gas and electricity, with the following goals:

? Generating new, innovative, reliable and high value products and services
needed by the market by utilizing our commodity, asset and capital
capabilities;
? Providing those products and services across South America and across the
value chain, including wholesale and retail, based upon the highest value
opportunity;
? Finding structural value arbitrages in the South American market and move
quickly to capitalize;
? Assisting the Risk Management and Trading organization in managing the
overall risk of the organization;
? Managing all new power and asset development opportunities in South America
consistent with this strategy, and
? Providing the Risk Management and Trading organization information and deal
flow.

The Commercial Origination team will consist of a diverse group of people who
work as a single team which bring the required skills including commodity,
capital, regulatory, asset, development, market, structuring, deal execution,
finance and country knowledge necessary to reach our goals.

The Trading and Risk Management team will be headed by Remi Collonges.  The
team will continue to develop pricing information and manage the price book
for the relevant energy markets in support of the wholesale and direct sales
efforts.  Additionally, the team will work toward implementation of actively
trading South American energy commodities.  This group will be responsible
for managing Enron South America,s overall risk and will have a direct
reporting relationship with John Lavorato in his role as head of the Americas
risk activities.

The Argentine effort will be integrated into the overall South American
Commercial Origination and Trading and Risk Management groups; however, we
will continue to maintain an Argentine office headed by Michael Guerriero.

The goal of the reorganization is to create a flat team oriented organization
that is very market and commercially focused.  The following support
functions will assist the overall business objectives of the commercial team
and will report into Joe and Orlando, plus into their line functions in
Houston.  The overall goal is to ensure that the South American business
units have an adequate support organization to evaluate opportunities, as
well as manage day-to-day business and risk.  Otherwise, the Houston
infrastructure will provide resources as needed to manage peak requirements
in South America, not unlike other businesses in Enron Americas.

These groups include:

The Government Affairs team, which will be headed by Sergio Assad, will
manage the relationships with the relevant regulatory agencies as well as
governmental ministries.  The primary regulatory goal will be to facilitate,
in the near term, substantive changes to the regulatory rules to allow a
functioning wholesale traded market in Brazil and Argentina. Sergio will
assume his responsibilities upon completion of the Elektro sale.  During this
interim period, Jose Bestard will continue to be in charge of the regulatory
function.  Once Sergio makes the transition, he will also report to Rick
Shapiro in Enron Government Affairs.

The Finance team will be headed by Britaldo Soares.  The team will manage the
interface with Enron Global Finance.  Britaldo will transition from his
current duties at Elektro upon completion of the Elektro sale.  Britaldo will
also report to Joe Deffner in Enron Global Finance.  Rob Gay will be
assisting Britaldo during the transition, while continuing his work on the
Cuiaba project.

The Legal team, which will be lead by Randy Young, as general counsel, and
John Novak, as deputy general counsel, will manage South America,s legal
requirements.  Randy and John will also report to Mark Haedicke in Enron
Wholesale Services - Legal Department.

Miguel Padron will become Chief of Staff.  Human Resources, Information
Technology, Treasury, Accounting & Reporting, as well as Administration will
report to Miguel.  This will bring focus to essential, but non-commercial
functions, as well as more efficiently manage key matrix reporting
relationships with Enron.  Miguel will also report to David Oxley in Enron
Wholesale Services ) Human Resources and Wes Colwell in Enron Wholesale
Services ) Business Analysis and Reporting.

These changes are consistent with Enron's evolving business strategy and
reflect our continuing commitment to grow the company by maximizing our
financial and intellectual capital.  However, in line with the new
organizational structure and the near term potential for business in the
region, further budget reductions will be necessary.  People directly
affected will be notified shortly.

Enron is committed to continue the successful implementation of its
businesses in South America.  We believe that as the markets develop, we are
uniquely positioned to leverage Enron,s core capabilities and create
shareholder value.


I agree.  There have been way too many surprises from this group lately.


Lexi,

I completely forgot to turn in my expense report from last months recruiting
trip.  Things around here have been absolutely crazy, as I'm sure they have
been for you.  In addition to the attached file below I am forwarding the
hard copy to your office.  Let me know if there is anything else I can do to
help with the process.

Thanks,
Susan


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FYI

 -----Original Message-----
From: 	Novosel, Sarah
Sent:	Tuesday, September 18, 2001 8:36 AM
To:	Kean, Steven J.; Shapiro, Richard; Steffes, James D.; Nicolay, Christi L.; Lindberg, Susan; Robertson, Linda; Fulton, Donna; Alvarez, Ray; Connor, Joe; Staines, Dan; Stroup, Kerry; Migden, Janine; Walton, Steve; Comnes, Alan; Mara, Susan; Maurer, Luiz; Philipp, Meredith
Cc:	Allegretti, Daniel; Hoatson, Tom; Fromer, Howard
Subject:	Northeast RTO Mediation Report

Yesterday afternoon, September 17, the Judge in the Northeast RTO mediation proceeding issued his report to the Commission on the 45-day mediation session.  Although not unexpected, but still disappointing, the Judge endorses the market design proposal of the New York and New England ISOs.  This market design proposal encompasses a long, drawn out process for discussing what the Northeast market should look like (minimum 12 months) before work begins to develop the new RTO.  The target implementation date of the ISOs is November, 2004, but the proposal clearly states that this time frame is "subject to extension" if new design requirements are introduced.  We believe the true intent of the ISOs is to delay indefinitely this process in order to retain the three existing ISO structures.  A copy of the Judge's report and the Business Plan are attached.

One good aspect of the Judge's report is that he asks in several areas of the report for Commission guidance.  We too believe this is necessary.  It became quite evident early in the mediation proceeding that we were not going to agree with the New York entities (or the New England ISO) on market design or governance.  We argued that FERC intended the new market design to be primarily the PJM system, with enhancements where possible.  Others, relying on the ambiguity in FERC's orders, argued that FERC really intended to create a new system, using PJM as the platform but pulling heavily from the other two ISOs, regardless of time or complication of creating this new market.  We need FERC direction on this, and the Judge makes this clear.

Background

The Judge's primary goal of this 45-day mediation process was simply to establish a "business plan" which lays out how and when a single Northeast RTO will be created.  Enron, along with many other participants, opposed this approach, arguing that we are wasting the 45 days given to us by the Commission.  The Judge acknowledges in his report that there was significant opposition to his approach but he thinks it worked out perfectly.  Although the majority of the Judge's report and the business plan focuses mainly on process for creating the business plan, he does discuss two substantive issues:  market design and governance.

Market Design

At the beginning of the mediation, PJM, NY and NE submitted a joint proposal for forming a single Northeast RTO.  This proposal envisions a time-intensive approached designed to reach agreement by all stakeholders, with an implementation date in 3-4 years ("Option 1-M"of the Business Plan).  This proposal is now supported by the New England and New York ISOs - PJM has its own approach (see below).  The New York transmission owners also submitted a proposal for implementing the new RTO in 3 years ("Option 2-M" of the Business Plan).   PJM submitted an alternative proposal for creating and implementing a single Northeast RTO with a single day-ahead and real-time energy market by November 2003 ("Option 3-M" of the Business Plan).

We took the lead in creating a coalition of marketers, generators, PJM TOs, industrials, and other end use customers (The One RTO Coalition) advocating the creation of a single energy market based on PJM's system by December 2002, but no later than May, 2003.  Although we (Enron) believe PJM's November 2003 time frame is too conservative, the coalition supports Option 3-M (PJM's approach) since it achieves the Coalition's goals, albeit on a slower timetable.

As noted above, the Judge endorses Option 1-M, in part because it has a built-in a process for determining "Best Practices."  Although PJM also conducted a "best practices" analysis, the other ISOs and NY TOs do not agree with PJM's determinations of what practices from their ISOs are "best practices."

The Judge acknowledges that support for Option 3-M (the PJM plan) "far outstrips" the other options in diversity and extent of stakeholder support.  However, the Judge believes that the PJM option assumes the PJM platform can work in New York and New England, even though there are more generation divestiture and load pocket issues in New York and New England than in PJM.  The Judge states that "impatience, haste and greed" should not be permitted to drive the RTO process "at the expense of sound policy" and that optimal RTO benefits should not be sacrificed in order to allow some to "exploit more immediate economic opportunity in a sprint." See Report, page 18.

Governance

The other substantive issues we have discussed are governance:  interim governance, final governance, board make-up and stakeholder process.  The Judge opted to not endorse any one of the options proposed - instead, he discusses the pros and cons of each option.  Here again, the Judge strongly urges the Commission to provide guidance to the participants on the Commission's preferred governance approach.  The Judge also suggests that a settlement judge may be helpful in assisting stakeholders in finalizing governance procedures.

PJM has stated that in order to meet its deadline of November 2003 (and certainly earlier), PJM has to be in control of the implementation of the new RTO.  PJM proposes that the new board be made up of board members from the existing ISOs:  5 from PJM, 3 from New York, and 2 from New England.  The Board elects a voting CEO (assumed to be Phil Harris if the PJM proposal wins).

NY ISO, New England ISO, NY PSC, NY TOs and New England TOs, along with other entities (primarily those who are afraid to cross New York PSC) all support equal representation on the new Board.  One proposal would have 3 board members from each ISO with a non-voting CEO.  The other proposal would have 3 board members from each ISO with 4 additional board members to be elected by stakeholders.

We support the PJM board make-up proposal to ensure a fast transition to a single Northeast RTO and energy market based on the PJM system.

Post Mediation

The Judge in his report recommends that the Commission issue an order resolving as many of the issues in dispute as possible and then establish further proceedings under the auspice of a settlement judge.

The Judge urges the Commission to not accept comments from participants, but he acknowledges that all participants want an opportunity to comment.  We are working on two sets of comments now, one on our own and one in conjunction with the One RTO Coalition.  We will circulate drafts as soon as they are prepared.

Although we are disappointed that the Judge did not endorse the PJM proposal, we still believe that the Commission is intent on implementing a single northeast RTO as soon as possible and that the PJM proposal provides a well-reasoned (even conservative) approach to reaching that goal.  Therefore, even though the Judge sided with New York, we are hopeful that the Commission will stick to its guns and go with the PJM proposal.

Please call any one of us if you have any questions or would like to discuss the Report.

Sarah, Dan, Howard and Tom


This schedule was not called in properly to BPA, and is therefore going real time:

BPA C#24243-GAC(T)BPA(T)BPAP/GCPD O#96107-GAC-BPA-EPMI-GCPD

HE 0100-0600 AND 2300-2400

Please call BPA and GCPUD prior to this schedule becoming active to insure that it flows

SEE ME IF YOU HAVE ANY QUESTIONS

CARA


New Draft decision out for meeting on Aug 23

-----Original Message-----
From: JBennett [mailto:JBennett@GMSSR.com]
Sent: Thursday, August 16, 2001 11:12 AM
To: Tribolet, Michael; Huddleson, Diann; Steffes, James D.; Curry,
Wanda; Williams, Robert C.; 'Sue Mara (E-mail)'; Kingerski, Harry; 'Jeff
Dasovich (E-mail)'
Subject: Suspension of Direct Access
Importance: High

On August 15th, ALJ Barnett issued a revised proposed decision (on which no
comments are allowed) which will suspend direct access as of September 1,
2001.  The Commission is due to vote on the PD next week at its August 23rd
meeting.

Jeanne Bennett


FYI

I will be out of the office on Wednesday, March 28.  I will be in Austin interviewing 1st year MBA students for the Enron Scholarships.  This will be the third year that Enron will give two to three $10,000 scholarships to top MBA students for use in their second year in business school.  It's great PR for Enron on campus (largest MBA scholarships given) and it has helped in our recruiting efforts as well.  We hired one of the first scholarship winners and he now works as an Associate in Generation Investments in Enron Americas.  Gene Humphrey was the senior member of the four-person interview team.  Now that is me.  This is just a day trip, and I will check messages during breaks and will be back in Houston late Wednesday afternoon.

 I will also be in New York on Friday, March 30.  Steve Kean asked that I be the Enron participant at a Women in Business panel discussion at Columbia School of Business.   I think that the list of female MD's with their MBA is a short one.


I would appriciate if you would send to me each week the PGE Position
Report.  Also, at your convenience I would like to spend some time via
telephone to run through the report to make sure I understand just what is
being reported.  I'll have my assistant call to set-up the phone call early
next week.

Also, to whom in Risk Management do you send the position report?

Thanks.


<<CPST_intro_summary.pdf>>

Regards,

Energy Technology Research
CREDIT | FIRST
SUISSE | BOSTON

Marko Pencak (Hardware)
Neil Stein (Independent Power and e-Commerce)
Cameron Jeffreys (Associate)

 - CPST_intro_summary.pdf


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

Enron Happenings
The Lion King Advanced Ticket Sales
Enron Running Club Kicks Off Its Fall Season
Red Cross: Did you help or get help?
Museum of Fine Arts 2001-2002 Membership Drive
Beginner Ballroom Dance Lessons
2001 MS Walk
The College Fund / UNCF Walk-A-Thon

Volunteer Opportunities
Enron Running Club
CROSSROADS: Mentor a Troubled Child Brown Bag
City Wide Clubs 23rd Annual Thanksgiving Feast

Wellness
Blood Drive

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

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


I checked into exercising options with Smith Barney, but Enron has some kind
of exclusive with Paine Weber.  I am starting to exercise now, but I am going
to use the proceeds to buy another apartment complex.
 What do you think about selling JDSU and buying SDLI?
 Also can you look at EOG as a play on rising oil and gas prices.

Thanks,

Phillip


Attached is the Reply Brief of Pacific Gas  and Electric Company filed today
in I.99-07-003.
?
Stephanie Louie
Secretary to EDWARD  KURZ
 - reply-f.doc


Danny, we would like to forward an updated schedule of vacation for Steve Harris.  Please let us know if there are any scheduling conflicts with the following dates:

		November 28, 29, 30

		December 5, 6, 7, 10, 11, 19, 20, 26, 27, 28, 31

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


Good morning,

In an effort to smooth out some of the problems we have seen in the past, I would like to start getting a P&L estimate from each of you nightly to try to prevent any unnecessary surprises in the mornings.  I will then expect my group to contact you before they leave at night if it is above or below your estimates, or range you give them.

This will certainly help us all avoid any fire drills the next day.

If you have any concerns about this please let me know, otherwise, your book admins will be calling you or stopping by your desks around 3:00 daily to get this estimate.

Thanks,
Kam

x3-5781


Please disregard all previous emails this is the right one ......I hope.


Almost all trades executed under Merrill Lynch have been assigned to
Allegheny.  It is my understanding that Merrill will no longer be trading
financial or physical power.  The deals that Merrill will retain are as
follows
217397
425780
513602
517785
528054

If you have questions, please let me know.


Portland West Desk lawyers have completed the application to become a
participant in the Dow Jones survey at NP-15 and SP-15 delivery points. As
soon as possible, we would like to begin executing deals against these
indices. In order to do this, we will need to access to them through EnPower,
in both Deal Blotter and Deal Entry.

If you could facilitate the addition of these two indices into EnPower, we
would appreciate having access to them by Tuesday. Please let me know what
steps we need to take at the West Desk to help complete this process. To the
best of my knowledge, we simply need the ability to choose the Dow Jones
NP-15 or SP-15 index in the PubCode list in Deal Blotter and Deal Entry. We
also need to be assured that when these deals are settled, the correct data
will be pulled into EnPower from Dow Jones.

Thank you for your help and cooperation. I will be in touch on Monday.

Kate Symes
West Desk Deal Control
503.464.7486


Yes, please delete.  Now we have just canceled the one for tomorrow.  The
next scheduled budget mtg will be on Tuesday, May 15 @ 11:00 a.m.

Liz

   Barbara Hooks @ ENRON_DEVELOPMENT                05/07/2001 11:31 AM

To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: Re: EWS Budget Mtg @ 11:00a.m. in EB32C2

Liz, I have a budget meeting scheduled for this Thursday at 11am.  Is this
the same thing?  Should I delete the Thursday meeting from Keith's calendar?
Please advise.  Thanks!

Barbara Hooks
Enron Engineering & Operational Services
713-345-5100

	Greg Whalley@ECT
	Sent by: Liz M Taylor@ECT
	05/07/2001 11:22 AM

		 To: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, Brian
Stanley/EU/Enron@ENRON, Keith Dodson/NA/Enron@ENRON, Rebecca
McDonald/Enron@EnronXGate, James A Hughes/Enron@EnronXGate, Philippe A
Bibi/Enron@EnronXGate, Greg Piper/Enron@EnronXGate, Jeffrey
McMahon/Enron@EnronXGate, Raymond Bowen/enron@enronxgate, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/Enron@EnronXGate, John J
Lavorato/Enron@EnronXGate, Louise Kitchen/HOU/ECT@ECT, Wes
Colwell/Enron@EnronXGate
		 cc: Lauren Urquhart/LON/ECT@ECT, Faith Killen/Enron@EnronXGate, Loretta
Brelsford/Enron@EnronXGate, Connie Blackwood/Enron@EnronXGate, Peggy
McCurley/Enron@EnronXGate, Tina Spiller/Enron@EnronXGate, Sue
Ford/Enron@EnronXGate, Marsha Schiller/Enron@EnronXGate, Cathy
Phillips/HOU/ECT@ECT, Jennifer Burns/Enron@EnronXGate, Kimberly
Hillis/Enron@EnronXGate, Tammie Schoppe/HOU/ECT@ECT, Barbara
Hooks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Rachael Venable/NA/Enron@Enron,
Shirley Tijerina/Enron@EnronXGate
		 Subject: EWS Budget Mtg @ 11:00a.m. in EB32C2

   EWS Budget Meeting.

  Date:   May 8, 2001

  Time:   11:00 a.m.

  Location:  EB32C2

Many Thanks,

Liz Taylor


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/26/2000
10:56 AM ---------------------------

"Gould, Aaron" <Aaron.Gould@pseg.com> on 06/16/2000 02:54:03 PM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc:
Subject:

Dr. Kaminski,

On Wednesday, June 14th I attended your presentation entitled "THE CHALLENGE
OF VALUATION OF ENERGY RELATED DERIVATIVES" at the Risk 2000 conference in
Boston.  Can you please e-mail me the slides you presented.

Also, you mentioned that the method you used to calculate volatility for
energy prices was not the "normal" method.  Can you please tell me, or give
me a reference to the method that you did use.

Thank you,

Aaron Gould
Senior Risk Management Analyst
PSEG Services Corporation
Aaron.Gould@pseg.com
1-973-456-3527


You're welcome!

	Tana Jones
	05/16/2001 01:25 PM

		 To: Becky Spencer/HOU/ECT@ECT
		 cc:
		 Subject: Re: Amazing Kitten

I heard about this kitty on the news but the didn't have any pictures.
Thanks for forwarding it on!

	Becky Spencer
	05/16/2001 11:42 AM

		 To: Tana Jones/HOU/ECT@ECT, Marie Heard/Enron Communications@Enron
Communications, Sandra R McNichols/Enron@EnronXGate, Susan
Skarness/Enron@EnronXGate, Genia FitzGerald/HOU/ECT@ECT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Nita Garcia/NA/Enron@Enron,
Stephanie Panus/NA/Enron@Enron
		 cc:
		 Subject: Amazing Kitten

http://www.chron.com/cs/CDA/story.hts/metropolitan/909812


I am very impressed with these findings and the opening that is allowed for us to continue to pursue the issues with SWG.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Tuesday, October 23, 2001 7:18 PM
To:	Steffes, James D.; Kingerski, Harry; Hewitt, Jess P.; Shireman, Kristann; Black, Don; Courtney, Mark
Subject:	FW: SWG

This is far better than I had hoped for, but as you can see, it ain't over yet.  I will send out more details when I get the order, but I will move on getting the complaint drafted ASAP.  I may need a small RCR for it.

 -----Original Message-----
From: 	"Tom Mumaw" <tmumaw@swlaw.com>@ENRON
Sent:	Tuesday, October 23, 2001 6:12 PM
To:	Lawner, Leslie
Subject:	SWG

ACC approved SWG rate order today with following relevant amendments:

   1.  SWG directed to file new imbalance language within 30 days adopting "most expensive slice of gas" methodology proposed by Enron/Midwest

   2. Staff to review filing for compliance with order - has up to 120 days for this, but SWG was warned from bench not to apply current imbalance calculation during that interim period.

   3.  Finding in Recommended Order upholding SWG's current interpretation of imbalance provisions deleted - Enron instructed from bench that it should file a separate complaint for the 2000-2001 winter period which ACC would consider "without preconceptions"

   4.  Language about considering new types of transportation programs in the PGA workshops retained.

On the surface, I consider this at least a partial win.  However, Staff was particularly upset about these amendments and vowed off the record to use the 120 period to try to get the Commission to reverse its position on reducing imbalance charges.  I told Andy Bettwy that if SWG and Staff did not play games with this 30 day filing and acted in good faith during the workshops, we would be willing to discuss the issue of last winter prior to filing anything with the Commission.  He was non-committal.


Hi Roy

Good to hear from you.  I am glad to hear things are going well. This consolidation in the markets and the economy has been quite severe. I can tell you it has not been fun working with a 50 multiple company either as the p/e contracts to 7.  But nevertheless this had been interesting times.

We ramped down DealBench in good time. It was a good decision and precipitated some good thinking. Practically, everyone moved out of ecommerce. Its just crazy when you think how things were 18 months ago. . Power trading has been immensely interesting. I am running the options desk and we have had a decent year.  Energy trading is fascinating and coupled with my macro background from bond trading,it becomes lot of fun.

Say hi to Loreli. Do let me have your Hong Kong phone number.

Harry

-----Original Message-----
From: Roy Ibasco [mailto:royibasco@hotmail.com]
Sent: Tuesday, October 30, 2001 1:35 PM
To: Arora, Harry
Subject: Hi

Hi Harry,

Just wanted to say hi.  I saw Miguel Vasquez lately and I heard from him that you moved back to trading.  Since I left Enron, I've done Telecom banking for a year in Asia with Lehman.   In that group, I've done a lot of valuation and financial analyses.   Deal flow suffered in the telecom industry with the downturn in market conditions.  On my second year at Lehman, I seized the opportunity to do coverage banking, i.e. winning clients in the Philippines and Taiwan.  With this step, I was fortunate to lead an M&A deal in the consumer goods sector.  It also gave me exposure in energy and financial institutions.   Thanks to my Enron background, I actually showed my value added to Lehman in energy.

It pays to be a generalist in times like this.  The layoffs in banking has been severe.   I have survived so far a big reduction among people of my level.  Good thing I still got a raise this year as many did not.  I don't know about the long term prospects of investment banking but I am thankful that I have a job.  Recently I caught up with my b-school friends in San Francisco and found out that it is equally bad there. Coincidentally, I caught up with a friend of mine who interviewed with Madhur Dayal who know works with Thomas Weisel in San Francisco.

My wife, Loreli, was able to find a job at the South China Morning Post last July.  So far, we are both enjoying Hong Kong.  Long term though, I believe the U.S. makes sense for both of us.

Hope everything is going well with you.  Please let me know if you just happen to be in Hong Kong.

Best regards,

Roy

  _____

Get more from the Web. FREE MSN Explorer download : <http://explorer.msn.com>


BUSINESS HIGHLIGHTS

Enron Industrial Markets
In early July, the EIM Fundamentals Siebel Team launched Siebel Episode II: Siebel Express Enhancements.  Siebel Episode II added a number of new fields and views to the Siebel database, which is currently available to each of the over 150 traders, originators and senior management at EIM. Siebel provides these users with the ability to store all of their accounts, contacts, potential deals and activities in a common, shared repository.  In early August, Enron Freight Markets will follow EIM's lead and launch Siebel Episode II to their front-office personnel.

Enron Global Strategic Sourcing, in collaboration with Enron Net Works, recently executed a two-year agreement with SkyTel Communications, Inc. to provide users with one- and two-way local and nationwide numeric/alphanumeric pagers, advanced messaging service devices, and encrypted remote e-mail services via Blackberry? enabled devices.

Under this agreement, Enron will also receive special discount incentives including, 50% discount on Blackberry?-enabled hardware purchases through year-end 2001, trade-in allowances on select Research in Motion (RIM) units through year-end 2001, upload and download of contact lists from select pc-compatible hardware to new RIM devices, customized training for hardware and services featured quarterly, and monthly service costs that will be billed at 50% of normal rates for a limited time.

Personal toll free numbers, personal voice mail, operator dispatched text messages, pin-to-pin messaging and text-to-voice and text-to-fax service options will be available on select devices, including Motorola T900 and P935.

EA-Office of the Chairman
The approval process initiated in 1998 for all meeting and event expenditures in excess of $5,000 has enabled Enron Americas to better assess the business value of events, accurately track our activities and save money.  These events include customer and employee meetings, and trade shows.

EA has made some modifications to the process, which are described here.

The $5,000 threshold remains in effect for all customer events.  However, the threshold for approval for employee meetings and events has been lowered to $500, and some additional requirements must be met prior to approval.

Please be sure to follow the procedures described below for all meetings and events, so we can continue to successfully manage these events.

1) Prior to making any commitments to customers or vendors, all customer events with anticipated costs in excess of $5,000, and all employee events with anticipated costs in excess of $500 must be reviewed by the Enron Americas Public Relations department and approved by the Enron Americas Office of the Chairman
2) The PR department will handle the site search and hotel contract negotiations for all such events.  Once this is completed, the PR department will work with you to plan and produce your event in its entirety; or they can provide as much or as little assistance as you require. The PR department will be responsible for helping you achieve the best value for your program and EA.

Additionally, the PR department can assist in the procurement of tickets for various local sporting events and concerts.

If you have any questions regarding this process, would like assistance planning an event, or need tickets for a Houston event, please contact Dorie Hitchcock in the PR department at (713) 853-6978.

IN THE NEWS

NEW YORK, July 17 (Reuters) - As most players in a shrinking pool of online energy trading platforms struggle to stay alive, leader EnronOnline has a simple philosophy: If it ain't broke, don't fix it.

The Internet arm of the energy marketing and trading giant Enron Corp., EnronOnline predicts it will increase its volume and says it can coexist with the IntercontinentalExchange (ICE), the chief executive of Enron Networks told Reuters on Tuesday.

The innovative company is always evaluating its business environment, ready to remold itself according to market demands, but it is not pursing mergers or acquisition for now, according to Greg Piper.

UNITED WAY 2001
United Way Campaign:  Stay tuned...Enron kicks-off the company-wide United Way campaign on Monday, August 6.  It ends Friday, August 17.  EWS is shooting for 100% participation in this year's on-line campaign.
Days of Caring: The United Way "Days of Caring" are August 6-10. Volunteers are rapidly signing up for the EWS day scheduled for August 10. The 2001 theme is "Building Houston's Future" and EWS is sponsoring the Center for the Retarded.  There is a competition between the four Enron companies; EWS, Enron Corp., ETS, and EES to see which one provides the most volunteers.  Sign up and receive your Day of Caring T-shirt at the Infozone located in the Enron Building Plaza from July 30 to August 3.
Everyone in EWS who participates in the Days of Caring will have their name entered into a drawing to win one of five American Express Gift Certificates.
To volunteer:
Online registration:  http://cr.enron.com/cr-cgi-bin/view_volops.pl
Or contact an EWS Days of Caring Committee Member:

Julie Clyatt at ext. 3-3256;  Cheryl Lindeman at ext. 5-2849; Tom Myers at ext. 3-0475; Tammie
Schoppe at ext.3-4220;  Philip Conn at ext. 5-8181; Marcus Edmonds at ext. 3-4243;  Marilyn
Oliver at ext. 5-6122

Day of Caring Volunteer Information
Transportation:  Shuttles will be provided for all projects if needed.  Loading and unloading of buses will be on Ruthvan street, between the Enron Building and the Continental Building.  Morning shifts will leave at 8:15am and return to Enron at 11:30am.  Afternoon shifts will leave at 1:00pm and return at 4:00pm.

Food:  Doughnuts and juice will be available to all morning volunteers.  Enron will also provide boxed lunches at noon at the Enron building. For those volunteers staying all day at their site, we will send lunches on the 1:00pm bus.

Water:  Water and ice will be provided at the Enron Building before the buses leave.  Volunteers are encouraged to bring coolers from home to load water.

T-shirts:  T-shirts can be picked up at EB1638e.  T-shirts will also be available while loading the busses.

Materials:  Enron and United Way will provide any materials needed for your project.  (i.e. paint, brushes, dirt, plants, books, etc).  Volunteers are encouraged to bring their own gloves and other items for their comfort (i.e. paint shirts, caps, bug spray, sunscreen, kneeling pads, etc).  Talk to your site leader to find out about other tools that are needed.

Showers:  Enron's Body Shop has provided showers for all Day of Caring volunteers.  Waivers will be available on the bus ride to the Enron Building.  Wear your shirt and sign in at the registration desk at The Body Shop.

United Way Challenge:  To compete against the other business units, EWS must create a team of 7-10 people to build a model of Enron's attributes: Smart, Innovative, Bold, Ambitious, and United.  You will be provided with the building materials and you will have a total of 45 minutes to work along with your teammates to get your model completed.  The primary building material will be Legos.  After the competition, the Legos will be donated to local non-profit childcare centers.
On Friday, August 10 at 11:00 am, the teams will meet to begin construction and they have 45 minutes to complete their model of Enron's attributes.  At 12:00 pm, Ken Lay will host the judging competition with the winner decided using "The Applause Meter."
Each team must consist of 7 to 10 members from their business unit and must have at least 3 executives (i.e., Directors or above).  The model must be freestanding.  And, although Legos will be provided as the primary building tool, other materials may be used, so use your imagination.
Please call or e-mail Julie Clyatt if you are interested in participating.  She can be reached at ext. 3-3256.

WELCOME
New Hires
EGM  - Javier Lozano, Tim Nash, Brad Ross, Stephen Wheeler, Michael Taylor, Derek Wilson
EIM   - Morela Hernandez, Milagros Daetz, Ayesha Kanji, Laura Bosek, Fariha Haque, Tonya Body, Jim Childress, Jess Emerson,

Transfers (to or within)
ENA - Gary Bryan

NUGGETS & NOTES

Travel tip of the week:
ClickTrip.  Enron employees can make all travel arrangements on-line, 24 hours a day, 7 days a week.  Using ClickTrip will automatically provide you with Enron's preferred rates making it easier to reduce your travel costs.  ClickTrip will be rolled out to all business units with the iBuyit platform - if you need to be set up prior to that time, please call or email Tracy Ramsey.

Houston Energy Seminar
The producer/industrial derivative mid-marketing group will be hosting a Houston Energy Seminar at the Four Seasons Hotel on August 9th.  This is a great event for current and prospective customers.  Topics will include a Power Outlook for ERCOT, Natural Gas Outlook, Crude & Products Outlook and Hedging Strategies.  Please RSVP to Laura Pena at 713.853.5376.  Future seminars will be in Atlanta and Denver - dates to be announced soon.  For more information, call Lucy Ortiz at 713.853.3238. Please click on the link below for the Houston Invitation.
     http://fundamentals.enron.com/Official%20Houston%20Invitation.pdf

EnronOnline Figures
Below are the latest figures for EnronOnline as of July 30, 2001.
	?	Total Life to Date Transactions > 1,265,000
	?	Life to Date Notional Value of Transactions > $735 billion

Congratulations to Robert & Peggy Sammon, manager with EGM Financial Operations, on the birth of a son, Joshua Bryce Sammon. He was born on June 2, 2001 at 11:04 AM, weighing 8 lbs. 6 oz.

Congratulations to Mauricio Ortiz & Patricia Anderson, sr. specialist with EL Accounting and sr. specialist with EGM Financial Operations on the birth of a daughter, Elizabeth Paige Ortiz.  She was born on June 25, 2001 at 4:00 PM, weighing 6 lbs. 12 oz.

Congratulations to Jose & Olga Herrera, sr. specialist with EGM Financial Operations, on the birth of a son, Ethan Andrew Herrera. He was born on June 28, 2001 at 2:04 PM, weighing 7 lbs. 15 oz.

Sam Enochian, of Enron Freight Markets (Origination), and his USA Rugby Team won the Silver Medal in Israel at the Maccabiah Games. They played a series of four games with other teams from South Africa and Israel.   Sam has been playing Rugby for 6 years and is in the "second row" position.  Sam and the USA Rugby Team were involved in several charitable events and functions during the visit.

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

<Embedded Paintbrush Picture>


Privileged and Confidential Joint Defense Communication

From:  Don Schultz
To:      Grynberg  Defendants
Re:     Extension of time for discovery letter

Judge Downes' law clerk called to report that Judge Downes did not intend to
impose such scheduling duress on the Grynberg and Wright groups seeking to
coordinate on a discovery letter, so is granting us until the close of
business on Thursday to submit a coordinated letter reply.   A draft reply is
in process and should be circulated early tomorrow with requests for your
prompt feedback.   Don.


Thanks. I just checked Peoplefinder and all the new information is in there.
One thing I couldn't change, however, was my department and supervisor. This
may have to be changed by HR or my new supervisor; but at any rate, I now
work in West Power Trading and report to Jeff Richter and Tim Belden.

Thanks for your help.

Kate


-----Original Message-----
From: 	Wright, Lee
Sent:	Thursday, October 18, 2001 4:37 PM
To:	Bodyshop
Subject:	Security Smart ID Tags-Off Property Usage

To remain consistent with Enron's directive to improve security access to the building, all Enron Body Shop members are required to check-in at the Body Shop Front Desk and present an Enron Photo ID badge or another form of Photo ID to the Security Officer each time you visit.  To assist our members who participate in outdoor activities during their visit, Security SMART ID tags are available at the Body Shop Front Desk for your convenience.  Simply slide the SMART ID tag through the shoe laces between an eyelet and snap the tag closed.

The SMART ID tags serve both as a safety identification tag while members are exercising off property as well as provide the security identification verification required when entering the Body Shop.  Each day you plan to exercise outside, present your Enron Photo ID Badge or another form of Photo ID to the Front Desk Receptionist to receive your temporary Security SMART ID.  Your Photo ID will be returned to you when you return the SMART ID tag to the Front Desk at the end of your visit.


(See attached file: HPLN1024.xls)

 - HPLN1024.xls


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

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

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

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

Involved Employees
Par "Fore" Pets Golf Tournament

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

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


ISO Market Participants
SC Settlement Contacts:
Attached is the Summary of Settlement for CDWR (CERS) April 2001 Invoices.
Payments to ISO Creditors were made on January 8, 2002.
 <<Closing 122001 mkt sum final CERS.xls>>
If you have questions, please contact your Account Manager.
Client Relations Communications.0715
CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>


that is the saddest response i have heard.  teachers should be continually
tested.  i had some idiot teachers that should have been fired b/c of their
incompetence.  you shouldn't be scared to be tested if you are good at your
job and half way competent.  democrats are so lazy.  how could you vote
democrat?  al gore makes me sick.  enough of my ranting and raving.  what are
you doing this weekend?  i am tired today b/c i went out last night.  this is
a good scene.  probably not as good as miami but there is a lot going on now
and our downtown is booming.    name some small towns that are cool to live
in near south florida.  i heard naples is great.  i need to live on the
ocean.