********************************************************************
Dear Susan Scott,

Holiday time is approaching, so our Net SAAver Fares are taking a
brief vacation after this week. The next Net SAAver Fares mailing
will be during the week of January 9, 2001. In the meantime, be
sure to check AA.com for web specials. Have a safe and happy holiday.

Today's American Airlines Domestic & International Net SAAver
Fares e-mail offer is valid only for travel next weekend.
Domestic Departure dates: December 15 - 16, 2000
International Departure dates: December 14 - December 15, 2000
Tickets must be purchased by Friday, December 8, 2000.

You can find different Domestic Net SAAver destinations
for this weekend, departing December 8 - 9, 2000, and
International Net SAAver destinations for this weekend,
departing December 7 - December 8, 2000, only on AA.com by clicking:
?????????????????http://www.aa.com
then linking to Current Web Fare Specials and Net SAAver Fares.

********************************************************************
??????????????????
?????????????????????????
???????Win the getaway of your dreams with the TD Waterhouse

?Million Mile Giveaway! ?TD Waterhouse is giving away a Million
???????AOL AAdvantage Miles and a South Pacific Cruise.
??????????????Enter for your chance to win now!
?????www.fireprize.com/sweep/tdwaterhouse

********************************************************************

In this Issue:

1. American Airlines Domestic Net SAAver Fares
2. American Airlines International Net SAAver Fares
3. AAdvantage Net SAAver Awards
4. Hotels & Resorts
5. Vacation Packages
6. Rules and Restrictions
7. Subscribe/Unsubscribe Information

***********************************
***********************************

1. American Airlines Domestic Net SAAver Fares

Coach Class Travel
R/T
Fare ?Coach Class From: ????????????????To:
---- ?---------------- ?????????????????----------------
$ 89 ?Abilene, TX (ABI) ????????????????Dallas/Fort Worth, TX (DFW) #
$159 ?Albany, NY (ALB) ?????????????????Chicago O'Hare, IL (ORD)
$109 ?Amarillo, TX (AMA) ???????????????Dallas/Fort Worth, TX (DFW) ?$209 ?Austin, TX (AUS) ?????????????????San Jose, CA (SJC)??$109 ?Baton Rouge, LA (BTR) ????????????Dallas/Fort Worth, TX(DFW) #?$319 ?Boston, MA (BOS) ?????????????????San Jose, CA (SJC)?$159 ?Chicago O'Hare, IL (ORD) ?????????Albany, NY (ALB)?$159 ?Chicago O'Hare, IL (ORD) ?????????Dallas/Fort Worth, TX (DFW)??$ 89 ?Chicago O'Hare, IL (ORD) ?????????Grand Rapids, MI (GRR) #?$159 ?Chicago O'Hare, IL (ORD) ?????????Harrisburg, PA (MDT)?$159 ?Chicago O'Hare, IL (ORD) ?????????Hartford, CT (BDL)?$119 ?Chicago O'Hare, IL (ORD) ?????????NW Arkansas Regional, AR(XNA) #?$159 ?Chicago O'Hare, IL (ORD) ?????????Philadelphia, PA (PHL)??$159 ?Chicago O'Hare, IL (ORD) ?????????Syracuse, NY (SYR)?$133 ?Chicago O'Hare, IL (ORD) ?????????Toronto, Canada (YYZ)?$159 ?Chicago O'Hare, IL (ORD) ?????????Tulsa, OK (TUL)?$159 ?Colorado Springs, CO (COS) ???????Dallas/Fort Worth, TX (DFW)??$169 ?Columbus, OH (CMH) ???????????????Dallas/Fort Worth, TX (DFW)?$109 ?Corpus Christi, TX (CRP) ?????????Dallas/Fort Worth, TX (DFW) #?$ 89 ?Dallas/Fort Worth, TX (DFW) ??????Abilene, TX (ABI) #??$109 ?Dallas/Fort Worth, TX (DFW) ??????Amarillo, TX (AMA)
$109 ?Dallas/Fort Worth, TX (DFW) ??????Baton Rouge, LA (BTR) #
$159 ?Dallas/Fort Worth, TX (DFW) ??????Birmingham, AL (BHM)
$159 ?Dallas/Fort Worth, TX (DFW) ??????Chicago O'Hare, IL (ORD)

$169 ?Dallas/Fort Worth, TX (DFW) ??????Columbus, OH (CMH)
$109 ?Dallas/Fort Worth, TX (DFW) ??????Corpus Christi, TX (CRP) #
$209 ?Dallas/Fort Worth, TX (DFW) ??????Hartford, CT (BDL)
$159 ?Dallas/Fort Worth, TX (DFW) ??????Indianapolis, IN (IND)

$109 ?Dallas/Fort Worth, TX (DFW) ??????Midland, TX (MAF) #
$189 ?Dallas/Fort Worth, TX (DFW) ??????New York LaGuardia, NY (LGA)
$189 ?Dallas/Fort Worth, TX (DFW) ??????Palm Springs, CA (PSP)
$189 ?Dallas/Fort Worth, TX (DFW) ??????Pittsburgh, PA (PIT)

$119 ?Dallas/Fort Worth, TX (DFW) ??????St. Louis, MO (STL)
$204 ?Dallas/Fort Worth, TX (DFW) ??????Toronto, Canada (YYZ)
$ 89 ?Dallas/Fort Worth, TX (DFW) ??????Tulsa, OK (TUL) ?$189 ?Dallas/Fort Worth, TX (DFW) ??????Washington Reagan Nat'l, DC(DCA)??$109 ?Dallas/Fort Worth, TX (DFW) ??????Wichita, KS (ICT)?$159 ?El Paso, TX (ELP) ????????????????Dallas/Fort Worth, TX (DFW)?$ 89 ?Grand Rapids, MI (GRR) ???????????Chicago O'Hare, IL (ORD) #?$159 ?Harrisburg, PA (MDT) ?????????????Chicago O'Hare, IL (ORD)?$159 ?Hartford, CT (BDL) ???????????????Chicago O'Hare, IL (ORD)??$209 ?Hartford, CT (BDL) ???????????????Dallas/Fort Worth, TX (DFW)?$159 ?Indianapolis, IN (IND) ???????????Dallas/Fort Worth, TX (DFW)?$ 89 ?Miami, FL (MIA) ??????????????????Key West, FL (EYW) #?$109 ?Midland, TX (MAF) ????????????????Dallas/Fort Worth, TX (DFW) #??$319 ?New York Kennedy, NY (JFK) ???????Los Angeles, CA (LAX)?$109 ?Orange County, CA (SNA) ??????????San Jose, CA (SJC)?$189 ?Palm Springs, CA (PSP) ???????????Dallas/Fort Worth, TX (DFW)?$159 ?Philadelphia, PA (PHL) ???????????Chicago O'Hare, IL (ORD)??$189 ?Pittsburgh, PA (PIT) ?????????????Dallas/Fort Worth, TX (DFW)?$119 ?Portland, OR (PDX) ???????????????San Jose, CA (SJC)?$319 ?San Jose, CA (SJC) ???????????????Boston, MA (BOS)?$109 ?San Jose, CA (SJC) ???????????????Orange County, CA (SNA)??$119 ?San Jose, CA (SJC) ???????????????Portland, OR (PDX)?$119 ?St. Louis, MO (STL) ??????????????Dallas/Fort Worth, TX (DFW)?$159 ?Syracuse, NY (SYR) ???????????????Chicago O'Hare, IL (ORD)?$159 ?Tulsa, OK (TUL) ??????????????????Chicago O'Hare, IL (ORD)??$ 89 ?Tulsa, OK (TUL) ??????????????????Dallas/Fort Worth, TX (DFW)
$159 ?Vail/Eagle, CO (EGE) ?????????????San Francisco, CA (SFO)
$189 ?Washington Reagan Nat'l, DC (DCA) Dallas/Fort Worth, TX (DFW)
$109 ?Wichita, KS (ICT) ????????????????Dallas/Fort Worth, TX (DFW)

# American Eagle service
 A portion of travel may be on American Eagle service??-----------------------------------??Travel Dates and Times for Net SAAver Fares:??- Depart Friday, December 15, 2000 on or after 7:00 p.m. or ???anytime on Saturday, December 16, 2000?- Return anytime the following Monday, December 18, 2000 or???Tuesday, December 19, 2000?- Friday evening travel may not be available in all markets?- Tickets must be purchased no later than this Friday, ???December 8, 2000, 12:00 midnight (CST)??-----------------------------------??How to Book Net SAAver Fares?Net SAAver Fares are now exclusively available on the Web at AA.com.??To book, login to AA.com with your AAdvantage number and PIN by clicking:??????www.aa.com?then click on Current Web Fare Specials and Net SAAver Fares.??***********************************?***********************************??2. American Airlines International Net SAAver Fares??Coach Class Travel?R/T?Fare ?Coach Class From: ????????????????To:?---- ?---------------- ?????????????????----------------?$359 ?Dallas/Fort Worth, TX (DFW) ??????Cabo San Lucas, Mexico (SJD)?$179 ?Dallas/Fort Worth, TX (DFW) ??????Monterrey, Mexico (MTY)?$ 79 ?Fort Lauderdale, FL (FLL) ????????Nassau, Bahamas (NAS) ?$ 79 ?Miami, FL (MIA) ??????????????????Freeport, Bahamas (FPO) #??$ 79 ?Miami, FL (MIA) ??????????????????George Town, Bahamas (GGT) #?$ 79 ?Miami, FL (MIA) ??????????????????Governors Harbour, Bahamas (GHB) #?$ 79 ?Miami, FL (MIA) ??????????????????Marsh Harbour, Bahamas (MHH) #?$259 ?Miami, FL (MIA) ??????????????????St. Maarten, Netherlands AN (SXM)??$179 ?Miami, FL (MIA) ??????????????????St. Thomas, USVI (STT)?$ 79 ?Orlando, FL (MCO) ????????????????Nassau, Bahamas (NAS) #?$ 79 ?San Juan, PR (SJU) ???????????????St. Croix, USVI (STX) #?$ 79 ?San Juan, PR (SJU) ???????????????St. Lucia Charles Airport, St. Lucia ?(SLU) #??$199 ?San Juan, PR (SJU) ???????????????St. Maarten, Netherlands AN (SXM)
$199 ?San Juan, PR (SJU) ???????????????St. Thomas, USVI (STT) ??# American Eagle service? A portion of travel may be on American Eagle service

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

Travel Dates and Times for Net SAAver Fares:

- Depart Thursday, December 14, 2000 or Friday, December 15, 2000
- Return anytime the following Monday, December 18, 2000 or
??Tuesday, December 19, 2000
- Tickets must be purchased no later than this Friday,
??December 8, 2000, 12:00 midnight (CST)

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

How to Book Net SAAver Fares
Net SAAver Fares are now exclusively available on the Web at AA.com.

To book, login to AA.com with your AAdvantage number and PIN by clicking:
?????www.aa.com
then click on Current Web Fare Specials and Net SAAver Fares.

***********************************
***********************************

3. AAdvantage Net SAAver Awards

????????????Travel On 4,000 AAdvantage Miles!

Award travel is closer than you think! Because now you can claim
AAdvantage Net SAAver Awards for as low as 4,000 AAdvantage miles.
With this award reduction, getting away with Net SAAver Awards
has never been easier!

See how far your miles can take you. Call AAdvantage today.
??$ 89 destinations are just $49 plus ?4,000 miles
??$109 destinations are just $49 plus ?7,000 miles
??$119 destinations are just $49 plus ?7,000 miles
??$159 destinations are just $49 plus 13,000 miles
??$169 destinations are just $49 plus 13,000 miles
??$189 destinations are just $49 plus 16,000 miles
??$209 destinations are just $49 plus 17,000 miles
??$319 award not available

- ?Our AAdvantage Net SAAver Awards are a great way
???to use your AAdvantage miles to obtain a travel award
???for less mileage. To determine the mileage required, compare
???the fares in this week's Domestic Net SAAver list with the
???chart above.

- ?AAdvantage Net SAAver Awards are valid for travel departing
???December 15 - December 16, 2000 for the markets listed above.

- ?AAdvantage Net SAAver Awards are not applicable to
???First/Business Class, International or Transborder fares.

- ?To book your AAdvantage Net SAAver Award trip
???call AAdvantage toll-free, 800-882-8880.

***********************************
***********************************

4. Hotels

Wyndham Hotels & Resorts

??????????Wyndhams's Weekend Deals -

What are you doing this weekend? Get away with Wyndham's 50/50
Weekend Escape(R). Bring the kids and get 50 percent off a second
room. Or simply save 50 percent off a second night. Either way
it's a great deal. Wyndham's Weekend Romance Getaway. Get away
from it all and spend the weekend alone with your sweetheart.
Wyndham's romantic getaways let you take a break from your everyday
routine and focus on each other again. Click on the link below
or call 800-WYNDHAM (800-996-3426) to book your reservation.

?????www.wyndham.com

***********************************

Westin Hotels & Resorts, Sheraton Hotels & Resorts and Four Points Hotels by
Sheraton

From coast to coast, the perfect weekend away is now even less.
With Preferred Weekends, you're only a couple of clicks away from
incredible savings across the country at Westin Hotels & Resorts(R),
Sheraton Hotels & Resorts(R) and Four Points(R) Hotels by Sheraton.
You'll also receive 4pm late checkout, so you can make the most
of your weekend getaway. And as always, you will earn 500 AAdvantage
miles for all eligible stays. ?For information on participating
hotels, dates and rates please click below or call 1-877-822-2222.

?????http://promo.starwood.com/aapw

***********************************
***********************************

5. Vacation Packages

????????????American Airlines Vacation Packages

Book your American Airlines Vacation package online.
Go to the AA Vacations web site by clicking here:
?????www.aavacations.com
and earn up to 3,000 AAdvantage bonus miles!
You may also call toll-free 800-321-2121 to learn more.

-------------------------------------
?
????????????Marriott Vacation Club

WIN $20,000! ENTER the NEW Vacation for a Lifetime Sweepstakes

One lucky Grand Prize winner will receive a $20,000 cash
prize which may be used towards the purchase of a one week
Vacation Ownership interest from Marriott(tm) Vacation Club Int.
Also 100 winners will receive 10,000 AAdvantage Miles!
??????????Click below to ENTER NOW!

?????www.sweepstakes.vacationclub.com/aadvantage

***********************************
***********************************

6. Additional Rules and Restrictions

AA Net SAAver Fares Restrictions:
Fares shown do not include (i) up to a $3 USD federal excise
tax, which will be imposed on each flight segment of your
itinerary, (ii) local airport charges of up to $12, if applicable,
and, (iii) Canadian taxes of up to $22, if applicable. International
fares are subject to government approval. Government taxes and fees
of up to $88 USD, varying by destination, are not included and may
vary slightly depending on currency exchange rates at the time of
purchase. Tickets are nonrefundable and must be purchased at the
time the reservation is made. ?Prior to departure, changes to your
ticket may be made if you pay up to a $75 USD change fee and meet
the restrictions applicable to the new fare. ?Seats are limited.
Fares may not be available on all flights and are subject to change
without notice. All or a portion of your travel may be on American
Eagle, American's regional airline associate. Other restrictions
apply, click on one of the links below, or login to:
http://www.aa.com for more information.

?????www.aa.com/domnsrules
?????www.aa.com/intlnsrules

Net SAAver Fares is a trademark and American Airlines and
American Eagle are registered trademarks of American Airlines, Inc.

***********************************
***********************************

This email has been sent to SSCOTT5@ENRON.COM

If you choose not to receive Net SAAver Fares messages, or if you would like
to change your e-mail address, please visit:
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or e-mail us with a subject of "unsubscribe" and we'll remove you from all
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Message-Id: <20001204230348.DA7B.1130683-5610@info.aa.com>
 [IMAGE]


Not a problem.  I will e-mail the document to you in short order.

-MIR

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, May 14, 2001 10:45 AM
To: Reuter, Marisa
Cc: Keffer, John
Subject: RE: NW escrow agreement

Marissa,

I suppose that's because ENA didn't sign it, as I didn't notice it (opps).
It will probably be tomorrow since Ben will need to initial, as well as me.
Can you email me the sig page?

Thanks,

"Reuter, Marisa" <MReuter@KSLAW.com> on 05/14/2001 10:26:16 AM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:   "Keffer, John" <JKeffer@KSLAW.com>

Subject:  RE: NW escrow agreement

Kay:

This past Friday, I received six original signature pages to the Letter
Agreement, but did not receive original signature pages to the Guaranty.
Could you forward the signature pages to the Guaranty at your earliest
convenience?

Thanks,

Marisa

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, May 14, 2001 8:54 AM
To: jkeffer@kslaw.com; mreuter@kslaw.com
Subject: NW escrow agreement

Hi there,

I believe Chris should be back today, so I wanted to follow up on this.

I don't have any recollection of where we left the escrow agreement with
NW.  Please get with MKahn or Jerry DeBerry to see if we can get consensus
on the current form of escrow agreement.  Once we have that, Enron (Chris)
will make contact with Citibank.

Thanks,

Kay
Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
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the named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
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named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Howdie,

What's the new job? I'm good for sushi any day next week (Tues-Fri). Give me
a call or e-mail me.

I'm off to Kimberly snowboarding this weekend. I've done some good
snowboarding trips lately (Lake Tahoe and Fernie).

Not making big $$$$$ lately but things are looking up. Going to Santa Fe
grill for lunch (mmmm!).

You need to come check out my new home theater system, it's crazy!

See you next week,

Chris


Mark,

I have an inquiry from a publishing house who are preparing a book on the
world power markets.
They wanted us to sponsor it (at the cost of 19,000 pounds) but the reaction
from our power desks
was  lukewarm.

They are offering us an opportunity to advertise in this publocatio.
 I am attaching the message with the terms.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/21/2000
12:28 PM ---------------------------

"Isherwood Production" <kerry@commodities-now.com> on 01/21/2000 06:40:08 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: WorldPower

Dear Mr, Kaminski,

I have two advertising positions to offer you as follows:

1. Outside Back Cover  (plus 200 personalised books)     o6,950.00
2. Inside Front Cover Spread (plus 200 personalised books)     o7,950.00

Please let me know which (if any) options you prefer.

Kind regards,

Anna Liza
Sales Director

*********************************
WorldPower
Suite 16, Imperial Studios
London, SW6 2AG
United Kingdom

info@commodities-now.com
www.commodities-now.com

Tel:  + 44 (0) 171 736 0774
Fax: + 44 (0) 171 736 1196
 - att1.htm


Short and to the point.  No changes

Karen_Denne%ENRON@eott.com on 04/25/2001 11:04:43 AM
To: Kenneth_Lay%ENRON@EOTT.COM, Jeff_Skilling%ENRON@EOTT.COM,
Rex_Rogers%EnronXGate@EOTT.COM, Mark_Koenig%ENRON@EOTT.COM,
Paula_Rieker%EnronXGate@EOTT.COM, Steven_J_Kean%Enron@EOTT.COM,
Stanley_Horton%Enron.com%Eott@EOTT.COM
cc: Mark_Palmer%ENRON@EOTT.COM, Mitchell_Taylor%EnronXGate@EOTT.COM,
Mark_Metts%EnronXGate@EOTT.COM

Subject: PGE Termination Release

Attached is a draft press release announcing our termination agreement with
Sierra Pacific.  We are scheduled to issue it on Thursday.  Please let me
know if you have any changes or concerns.

Thank you.
Karen

(See attached file: PGEterminationrelease.doc)
 - PGEterminationrelease.doc


In advance of the video conference tomorrow amongst the Houston and London
personnel involved in the Pulp & Paper deals, I now attach a final draft
version of a "schematic" which sets down the trade flow structure on the
deals sourced by EEFT for ECTRIC.  If you have any comments on this, please
let me know.

Sara / Carol / Dale:  Please see fit to let any other appropriate personnel
in Houston have a copy of this document at your discretion.

Kind regards

Mark


Stinson,

I think the gamma will flow into V@R.

Vince

Stinson Gibner
11/30/2000 06:14 PM
To: Alex Huang/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
Subject: Compound Model for Reedy Creek

Alex,

Paulo and I have continued to look at the model and have come up with a
couple of additional changes.

1.   The cash flow calculations need to include the overlying option strike
payment.   Also, Paulo is trying to clarify if the cashflows should be
discounted to the valuation date or reported as notional future values.
2.  I would suggest trying changing the option valuation from a binomial tree
approach to a one-dimensional integration, perhaps using a quadrature
method.  This may allow us to minimize the size of the delta discontinuities.
3.  Edith is supposed to check and see if the theoretical gamma is used for
anything.   If it is, we will probably need to revisit the gamma calculation
since we are not currently including any cross terms for gamma.

Thanks,

Stinson


I concur

	John Ambler@ENRON_DEVELOPMENT
	02/12/2001 09:32 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Envera Release

Steve,

Actually, EOL and other units of Enron have declined to participate and
specifically asked not to be included in the press release.  Confidentially,
this is a case of a developer overselling use of the Enron name for
approximately $5 million equity stake.  We have caught him in many half
truths and are uncomfortable going too far with this since we might get be
placed in an awkward position.  Because of EOL and our own concerns, we
intentionally toned it down.  I believe, in fact, that it is just another
platform as well as an investment.  Consequently, we would prefer to keep
this to the minimum of allowing them to issue a press release as included in
the contract.  Your concurrence would be appreciated.  I am available, if you
wish to discuss this further.

John

From: Steven J Kean@ENRON on 02/11/2001 02:22 PM
To: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Envera Release

Looks fine as far as it goes ... but don't we want to explain how this fits
in to our strategy?  Is it just another platform for us to bring our products
and prices to the market?  We have said with respect to EOL that the
transaction is the goal not the platform.  Do we want to position this the
same way?  Examples of other press releases include our extension of pricing
on EOL to the two other platforms (including Houston Street) which we did a
couple of months ago.

	John Ambler@ENRON_DEVELOPMENT
	02/09/2001 05:35 PM

		 To: Steven J Kean/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
		 cc: Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy
Derecskey/Corp/Enron@Enron
		 Subject: Envera Release

Enron Global Markets (EGM) has entered into a cooperative agreement with
Envera, a B2B network for the chemical and petrochemical industry.  As part
of this agreement  EGM will receive an equity interest in Envera.  The
contract allows Envera to issue a press release, subject to our approval.
Attached for your review and comment is the proposed release.  This release
has been heavily scrubbed.  It is significantly less exposure than in their
initial proposals.  Your early approval would be appreciated.

John


Attached are the committee lists and organizatinal charts.


This deal is entered with a Mid Columbia delivery point and CAISO energy.
Please let me know when it has been fixed.

Thanks!


I understand we have the CES Cove Point  storage contracts set up as CES-Cove
Point in global.  What is the status of the paperwork and who is following up
on it.  Whent I look on Cove Point's website, I show that Enron North America
now has 3 storage contracts.

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/26/2000 04:43
PM ---------------------------

Brenda H Fletcher
01/26/2000 08:24 AM
To: Chris Germany/HOU/ECT@ECT
cc: Sherry Anastas/HOU/ECT@ECT
Subject: Cove Point - Jan Pre-payment

Per Sherry, Global Counterparty is recognizing CES - Cove Point as the
counterparty  instead of Cove Point for the January payment.
The reason is lack of the appropriate paperwork executed by the
counterparty.

Brenda


Thanks, Great job, I thought the trip was great and productive.  Maybe next
time we'll meet the pres.
m


Reagan,

I sent you an email last week stating that I would be in San Marcos on
Friday, April 13th.  However, my closing has been postponed.  As I mentioned
I am going to have Cary Kipp draw the plans for the residence and I will get
back in touch with you once he is finished.

Regarding the multifamily project, I am going to work with a project manager
from San Antonio.  For my first development project, I feel more comfortable
with their experience obtaining FHA financing.  We are working with Kipp
Flores to finalize the floor plans and begin construction drawings.  Your bid
for the construction is competive with other construction estimates.  I am
still attracted to your firm as the possible builder due to your strong local
relationships.  I will get back in touch with you once we have made the final
determination on unit mix and site plan.

Phillip Allen


No advise and consent rights.  The gov picks the CPUC President period.  The
Senate consents to the appointment of commissioners only.

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Friday, September 21, 2001 11:48 AM
To: Mara, Susan; Steffes, James D.; Shapiro, Richard; Kaufman, Paul;
hgovenor@govadv.com; sgovenor@govadv.com; bevhanson@lhom.com
Cc: mday@gmssr.com
Subject: RE: Lynch Protected by Burton?

Mike:  Does that legislation that passed a couple of years ago(?) that
gives the Governor the power to appoint the PUC president also give the
Senate advise and consent rights on the appointment of the president?  I
don't recall that it gave the Senate advise and consent rights, but sure
would be interesting if it does.  Thanks.

Best,
Jeff

>  -----Original Message-----
> From: 	Mara, Susan
> Sent:	Friday, September 21, 2001 1:31 PM
> To:	Dasovich, Jeff; Steffes, James D.; Shapiro, Richard; Kaufman,
> Paul; 'hgovenor@govadv.com'; 'sgovenor@govadv.com';
> 'bevhanson@lhom.com'
> Subject:	Lynch Protected by Burton?
>
> IEP reported on its Leg call today that Burton told Davis -- don't
> even think about trying to replace Loretta as the President of the
> CPUC because she is the only President he will support (the Senate has
> to approve the appointment, apparently)
>
> Sue

**********************************************************************
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We're still working on it for you!  I'll keep you updated as I know more.

Fletch


I understand from our conversation today that Lay is going to give the
following theme to Davis:
Need thoughful time to consider value of assets, ongoing structure etc.
CA needs generation
CA needs conservation

As I mentioned in the meeting today: I would add:
Utility solvency problems are not as pressing as they make them out to be.
Assuming that they  own 10,000 MW of generation with book costs of $50/MWh.
Assuming that the 2001 power costs are $150/MWh alone, would allow an
increase in the value of these assets by $13billion dollars.      The
government could offer to take over the assets today for about $22b (2001,
2002, and original estimated value), leaving the utilities with enough money
to pay for existing debt plus whatever debt they are likely to incurr to the
end of 2001.  They are trying to steal this value by threatening bancruptcy.


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CALIFORNIA GOVERNOR BEGINS EFFORT TO BAIL OUT UTILITIES

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to approve a bailout of Southern California Edison, but so far his plan is
being greeted in the Capitol like a skunk in a sauna.

FEDERAL REGULATORS CRACK DOWN ON CALIFORNIA ENERGY PROVIDERS

Federal regulators on Monday ordered three California energy providers to
justify more than $587,000 in potentially excess profits collected last
month, prompting state officials to again complain that federal authorities
aren't going far enough.

DEVELOPERS PLAN TO BUILD THREE POWER STATIONS IN CALIFORNIA'S INLAND EMPIRE

On a fast track spurred by the state's energy crisis, two developers intend
to build three generating stations in the Inland Empire and power them up
this summer.

MIDAMERICAN SEES PUHCA REPEAL AS SENATE SLATES ACTION

The Senate Banking Committee has scheduled an April 24 vote on legislation to
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NEW YORK NEEDS NEW POWER PLANTS TO AVOID 46% RATE INCREASE

An independent energy expert said Tuesday that New York could face a 46%
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NEW ERA IN NEW JERSEY FOR RENEWABLE ENERGY

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ComEd Tells Illinois Regulators It Is Ready For Summer

EEI: US Electricity Output For Week Ended April 14 +3.1%

MidAmerican Sees PUHCA Repeal As Senate Slates Action

Westcoast Energy, Epcor To Supply 3 Wash.State Utilities

Idaho PUC Approves Idaho Power Peak Use Metering Program

Solid Acid Shows Some Potential For New Fuel Cell Design

Duke Energy Maintains Earnings Goal, Despite Strong 1Q

Enron India Sends Arbitration Notices To State Govt

US Midwest Power Prices Fall On Warm Weather, Light Loads

Teco Energy 1Q Net 53c A Diluted Share Vs 42c >TE

Utility Telecom Companies Eye Network Combinations

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Enel Sees Electricity Generation Market Share Falling to 35 Pct in 2005

Interior Rebuffs Jeb Bush on Energy

PG&E unit gains approval to build 350 mln usd power plant in California

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New Era in New Jersey for Renewable Energy

Utah Power Offers Rate Cut to Customers Who Conserve

California Energy Commission Approves Construction of Otay Mesa Generating
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Westcoast Energy And Epcor Sign 20-Year Deal to Supply Power to Three
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Oglethorpe Power to Construct Energy Facility in Talbot County

Process & Power 2001 International Conference Offers Plant Information
Management Roundtables; Industry Experts Focus on Value, Benefit in
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Natural Gas Costs Don't Tell the Whole Efficiency Story; Carrier Weathermaker
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Repeats: Energy Volume And Open Interest Totals-APR 18

Engineers Eye New Fuel Cell Design

New Era in New Jersey for Renewable Energy And Energy Efficiency Launched at
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Superior Signs Definitive Agreement to Acquire Assets of Power Offshore
Service, LLC And Reeled Tubing, Llc; Company to Offer $200 Million of Senior
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Connecticut Governor John Rowland Starts New Fuelcell Energy Production
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Wall Street Journal: Balancing Act: "Surf City" Power Plant Brings Hope for
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'Onsite Power Is Answer to Beleaguered Electricity Grid,' Sure Power Corp.
Exec. to Tell Silicon Valley Business Leaders

CP&L's Premier Power Service Provides Needed Energy Solutions for Businesses

Energy Crunch: Puc Official Seeks Delay

New York State Market Update from Energy Services Group; State-Level
Standards for EDI to Be Finalized

Washington: Coal, Gas Conflict Bill Introduced

Natural Gas Sales Help Suncor Energy Post Record Profit of $125 Million in Q1

Calpine to Develop 248-Megawatt Energy Center in Goldendale, Wash.Goldendale
Energy Center to Help Meet Northwest Energy Demand in 2002

Advanced Communications Technologies Inc - Real Time Power Metering Trials
Set to Solve Utilities Crippling - Demand Management Issues

Stuart Energy Systems Corp - Participates in Fuel Cell Vehicle Demonstrations
with The California - Fuel Cell Partnership

Constellation Energy Group on Schedule to Complete Pennsylvania Power Plant
for Summer Service

Fuel Costs: Include Illinois' Coal Reserves in U.S. Energy Plan

Top Energy Summaries - Wednesday, April 18, 2001 - 9:17 Am

Two Power Plants in Newhall Idled

Calpine to Develop 248-Megawatt Energy Center in Goldendale, Wash.

ENEL sees electricity generation market share falling to 35 pct in 2005

Freeman Leaving LADWP to Become Davis Energy Adviser

UN: Sound Energy Solutions Possible, Commission on Sustainable Development
Told -- Part 2 of 2

UN: Sound Energy Solutions Possible, Commission on Sustainable Development
Told -- Part 1 of 2

Initial Gulfstream Natural Gas System Pipe Shipment Arrives in Alabama

Saxet Energy Ltd. Announces New Partner on Txco's Comanche Ranch Prospect

?INTERNATIONAL - Access stories online at:
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Westcoast Energy And Epcor Sign 20-Year Deal to Supply Power to Three
Washington Public Utilities

Top Energy Summaries - Wednesday, April 18, 2001 - 5:09 PM

International Power, Ansaldo Energia to CO-Develop Power Plants in Italy

Politics - Spain Begins the Bringing Down of the Natural Gas Monopoly

Top Energy Summaries - Wednesday, April 18, 2001 - 2:17 PM

Pactual to Launch US$100mn Electric Equity Fund - Brazil

Brazil: Energy Sector to Invest US$32bil Until 2005

Top Energy Summaries - Wednesday, April 18, 2001 - 12:27 PM

Electric & Gas Technology, Inc. Executes Agreement with Pakistan Business
Group for $39.2 Million

Finland Should Widen Energy Sources - Claim

Globaltex Industries Inc. - U.S. Electric Power Corporation And Globaltex
Industries Inc. - Globaltex Advances Coal Production

Alliance to Save Energy Partners with Environment Site to Raise Money for
Schools, Orphanages in UkraineClick And Businesses Will Donate Money to Help
Children

Kvaerner wins 380 mln nkr maintenance contract from Talisman Energy UK

Natural Gas to Share Pipeline with Coalbed Methane in China

Poland: French Power Groups BID for Tychy Energy Firm

Alliance to Save Energy Partners with Environment Site to Raise Money for
Schools, Orphanages in Ukraine

Russia's Greens Propose Giving Up Nuclear Power Production

Oman, USD100m Power Loan

International Power, Ansaldo Energia to co-develop power plants in Italy

General Electric Wants $390m Payout

Aes Acquires Ukraine Electric Company

China: "Environment-Friendly" Power Plant to Open in Shanxi Province

Company Wants to Expand Its Local Natural Gas Pipeline

Fujitsu Microelectronics Launches Trio of Power Management Ics

Korea Electric Power Issues 35 Bln Yen in Euro-Bonds

Signapore puts energy efficiency before cost

Moscow Determined to Speed Up Construction of Bushehr Nuclear Power Plant

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-Pollution Control Project at Owensville, Ind., Power Plant Is a Tall Order

Florida Power Corp. Won't Accept New Customers for Rebate Program

Missouri Task Force to Study Natural Gas Prices, to Hold Public Meeting

Stockton, Calif., Businesses to Cut Back on Office Amenities

California Utility Hasn't Ruled Out IPO of Profitable Energy Group Subsidiary

Parent of California Utility Reports $4.1 Billion Loss

California Governor Begins Effort to Bail Out Utilities

California Governor Urges Lawmakers to Back Energy Plan

Federal Regulators Crack Down on California Energy Providers

Parent of California Utility Reports $4.12 Billion Loss for Quarter

Pittsburgh-Based Utility Raises Rates, But Remains Competitive

Utah Utility Offers Customers Credit for Energy Conservation

California Power Utility Loses $2.5 Billion in Fourth Quarter

California Governor Tries to Line Up Support in Legislature for Energy Deal

California Utility Receives Big Breaks in Deal with State

Virginia-Based Owner of Power Plant Must Sign California Contract

Site for Enron's Planned Power Plant Concerns Officials at Miami-Area Park

Nevada Senate Panel Passes Measure to Allow Sale of Power from State Agency

Nevada Legislative Commuttees Pass Renewable Energy Bills

Winter Price Spike Helped Earnings of Houston Energy Firms

New Jersey Utility Sees Growth in California Market

Ukpound 100 Million Sale at European Energy Firm

South Carolina Commission Spars Over Plan to Review Natural Gas Prices

Surging Power Demand Turns Profitable for Duke Energy, Dynegy

California Governor Fights for Legislative Support of Energy Plan

Developers Plan to Build Three Power Stations in California's Inland Empire

Colonie, N.Y.-Based Fuel Cell Company Adjusts to New CEO

-Judge Rejects Oklahoma Gas Firm's Request to Stop Contempt Hearing

-Air Conditioner Energy Standards Proposed by Bush Administration

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AEM sees 10 percent EBITDA rise in 2001

Public Service Co of New Mexico says Q1 earns soar

NUI stock at two-year low on profit warning

Atmos gets OK to buy LGS, LGSN assets for $365 mln

US court upholds FERC decisions on Calif power mkts

TEXT-Moody's rates Pinnacle West Energy Co

UPDATE 2-Scot Power sets value on UK Southern Water

UPDATE 1-TECO earnings boosted by utilities, coal

Spain's OHL buys Endesa stake in Chile toll roads

Calpine buys rights to 248-MW Wash. power plant

Constellation's Pa. power plant on-line for summer

Investors line up to say not buying Montedison

Scot Power sets 1.7-1.8 bln stg Sthn Water price

Russian Duma moves to OK import of nuclear fuel

Saudi Arabia powers ahead on gas network expansion

Taiwan to hold defence exercise, commission Mirages

American Electric Power plans $1.0 bln global bond

Fire quickly extinguished at Japan nuke plant

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Lindsay

Lindsay Renaud
EnronOnline
(713) 345-3703

<Embedded Microsoft Excel Worksheet>


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/05/2001 11:58
AM ---------------------------

Stephen Thome@ECT
04/05/2001 11:53 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: FW: Delta - HSR Issues

We can do 50/50.

I have told Chris we will get him a final draft for signature.

Steve

Kay Mann@ENRON
04/05/2001 10:56 AM
To: Stephen Thome/HOU/ECT@ECT
cc:
Subject: FW: Delta - HSR Issues

Looks like our exposure is less than $25,000.  Please call me.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/05/2001 10:54
AM ---------------------------

"Keffer, John" <JKeffer@KSLAW.com> on 04/05/2001 10:50:49 AM
To: "C. Kay Mann (E-mail)" <Kay.Mann@enron.com>
cc:

Subject: FW: Delta - HSR Issues

-----Original Message-----
From: Campbell, Carolyn
Sent: Wednesday, April 04, 2001 2:40 PM
To: 'kay.mann@enron.com'
Cc: Keffer, John
Subject: Delta - HSR Issues

Kay:

I just spoke with Bill Blumenthal (our HSR expert).  He and Paul Hastings'
HSR expert have traded voice mails exchanging information, but have not yet
spoken.  Bill says that Delta is apparently relying on the "ordinary course"
exemption, which may be fine if all the LLC wants to do is hold turbines for
re-sale.  If the LLC works on development of a power plant, the analysis
would be different.  In any event, Bill agrees that the only safe thing to
do is provide now for the possible requirement to file later.

Prior to speaking with Bill, I also spoke with Greg Lang.  He agrees that we
should provide now for the possible requirement to file later.  He again
asserted that since this is "Enron's structure," Enron should agree to bear
50% of any filing fee.

Steve Thome indicated earlier today that Enron may be willing to bear half
of the filing fee.  Under current regulations, the filing fee will be $45k
if, at the time the put/call is exercised, the assets have a fair market
value of $50-100 million, and the filing fee will be $125k if, at the time
the put/call is exercised, the assets of the LLC have a fair market value of
$100-500 million.

Please let me know whether to advise Greg that Enron will accept
responsibility for half the filing fee.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Cindy:

We have the signed letters - where should we send them?

"CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com> on 12/20/99 10:17:18 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Confidentiality Agreement

Thanks!  I will send it over first thing in the morning.

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/20/99 10:09:22 PM

To:   CINDY EVANGELISTA@CEMEX
cc:
Subject:  Re: Confidentiality Agreement

You can send it to :

Mark Taylor
Enron North America - EB3889
1400 Smith Street
Houston, TX 77002

Thanks!

"CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com> on 12/20/99 09:19:53 AM

To:   Mark Taylor/HOU/ECT@ECT
cc:
Subject:  Re: Confidentiality Agreement

Mark,

What is the address I need to send the agreement to?  Please let me know and I
will have it sent over by messenger.

Thanks!

Cindy

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/20/99 08:34:26 PM

To:   GARY BURNS@CEMEX
cc:   CINDY EVANGELISTA@CEMEX, "George Zivic" <gzivic@ect.enron.com>
Subject:  Re: Confidentiality Agreement

As per Gary's request, here is the revised letter.  If you will send the
executed copies to me, I will arrange to have them signed on behalf of Enron.

(See attached file: CA-CEMEX-ENA.doc)

"GARY BURNS" <GARY_BURNS@cemexusa.com> on 12/17/99 01:40:46 PM

To:   Mark Taylor/HOU/ECT@ECT
cc:   "CINDY EVANGELISTA" <CINDY_EVANGELISTA@cemexusa.com>
Subject:  Re: Confidentiality Agreement

Mark,
      The Confidentiality Agreement must be addressed to Enron and printed on
Cemex letterhead, so please send the modified document to Cindy in an
electronic
format (ie Word via email).  Cindy will then print out two originals on our
letterhead and send you both originals for signature by Enron.   Thanks, GPB

---------------------- Forwarded by GARY BURNS/Tex/Usa/Cemex on 12/17/99 07:37
PM ---------------------------

GARY BURNS
12/17/99 07:21 PM

To:   "Mark Taylor" <mtaylo1@ect.enron.com> @ CEMEXUSA
cc:   CINDY EVANGELISTA/Tex/Usa/Cemex@CEMEX
Subject:  Re: Confidentiality Agreement

Mark,
       Our attorney said that modifying the attached Agreement so that the
protected party is " CEMEX USA Management, Inc., as well as its affiliates
(CEMEX), " is acceptable.  Please make the required changes and send the
document to my secretary, Cindy Evangelista.   I am on vacation until
1/4/2000,
but will try to progress the signing of the Agreement while I'm gone.
Regards,
GPB

"Mark Taylor" <mtaylo1@ect.enron.com> on 12/15/99 11:29:49 PM

To:   GARY BURNS@CEMEX
cc:
Subject:  Confidentiality Agreement

Here is the Confidentiality Agreement we signed last year.

(See attached file: CA - Cemex2.doc)

 - CA - Cemex2.doc
 - CA-CEMEX-ENA.doc


Attached is the referenced list.  Some comments:  We got a master financial
agreement in place with Calpine Power Services  Company so it has been opened
up to trade all financial.  Also, we replaced the old style "ERMS Master"
with an ISDA, so I am opening TXU Energy Trading Company for all financial
products as well.

For Trammo Gas, we got a letter from them a while back, reflecting under
what  names they can do financial trading under (I sent you all an email
about this about a month to two months ago).  That letter had the
counterparty styled "Transammonia, Inc. acting through its  Trammo Gas
Division".  I believe I already siad they could trade financial under that
name.   Let's just be consistent about how we deal with these divisions...


READ VERY CAREFULLY:

These applications (BUTTONS) MUST be run AS CLOSE AS POSSIBLE to your
scheduled date and time of migration.
Your Migration Date is: February 21st at 4:45 PM
Please make sure you are connected to the network before you launch these
applications.
DO NOT CLICK ALL THE BUTTONS AT ONCE AND DO NOT CLICK EACH BUTTON MORE THAN
ONCE!

When ready, please click the first button below to run the "Personal Address
Book Converter" application.  You will get a message once the application is
finished.  Depending on how many entries you have, this application may take
up to 10 minutes to run.  Lotus Notes may seem to hang or act as if it is not
responding during this process.  Please be patient and allow it to complete.
Follow the same procedure for the other two buttons.

IF A POP-UP BOX APPEARS, PROMPTING YOU TO "ABORT, CANCEL OR TRUST SIGNER"
PLEASE SELECT TRUST SIGNER.  THIS BOX MAY APPEAR MULTIPLE TIMES.  PLEASE
SELECT TRUST SIGNER FOR EVERY INSTANCE.

1.

2.

3.

Please Note:  You will not notice any change to your existing Personal
Address Book, Journal entries or Private Folder Structure after running these
applications.  Failure to run these applications means your Notes Address
Book(s), Journal items and Folder Structure WILL NOT be migrated and WILL NOT
be available to you in Outlook once you are migrated.

This is the only notification you will receive.

Thank you for your cooperation,

Outlook 2000 Migration Team


220903

Brenda H Fletcher
03/17/2000 04:05 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: New Storage Contract

Double check that Deal #

Chris Germany
03/17/2000 03:51 PM
To: Brenda H Fletcher/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Dana
Daigle/Corp/Enron@ENRON
cc:
Subject: New Storage Contract

I just set up a new storage contract for Egan Hub Partners.  Deal 205633.


-----Original Message-----
From: 	"Pat Metteauer" <pmetteau@sequentenergy.com>@ENRON [mailto:IMCEANOTES-+22Pat+20Metteauer+22+20+3Cpmetteau+40sequentenergy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, August 16, 2001 1:14 PM
To:	Perlingiere, Debra
Subject:	ENA GISB AND ATTACHMENT

Hi Debra,

attached is the GISB I rec'd from Judy Thorne with your rider attached.

 - ENA GISB & Rider.doc


Please use the attached credit sheet from Russell to prepare a new Master
with AEC.

----- Forwarded by Gerald Nemec/HOU/ECT on 02/14/2001 05:44 PM -----

	Russell Diamond
	02/14/2001 02:33 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: AEC USA credit W/S

Gerald,

Please see attached credit worksheet to amend the existing Master between ENA
and AEC Marketing USA.  Please make not of the amended credit thresholds,
guarantor, guaranty amount, MAC Changes, and Cross Default Threshold.

Thanks
Russell


Vince:  Congratulations on your promotion.  I know it is well deserved!  I
have not seen you in a while since I am not riding the Woodlands bus much
these days.  I am expecting a baby for the end of February 2000 and it is
much easier to drive than to ride the bus!

Take care and Congratulations again,

Darlene Norris


Angela,

As discussed, the following file contains hisoricals for PGE.  Chris should
have deleted data in the database from the middle of March back so you can
import anytime.  This data goes up to 2/6/01 and Chris will reload from
2/7/01 to present.  Thanks.

Mat


Hi, Vince,

Please see attached the updated Total Return Swap deals.

All the best!

Li


Tim, Sean:

This is from Rick Shapiro, GA's second in comand.  It is a good overview of everything that's going on at FERC.

GAC
 -----Original Message-----
From: 	Dernehl, Ginger   On Behalf Of Shapiro, Richard
Sent:	Wednesday, October 03, 2001 8:37 AM
To:	Palmer, Mark A. (PR); Denne, Karen; Philipp, Meredith; Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ramon; Arefieva, Maria; Assaf, Lisa; Bellas, Kirsten; Benson, Eric; Bolton, Scott; Boston, Roy; Briggs, Tom; Buerger, Rubena; Burns, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney, Carolyn; Dasovich, Jeff; Decker, Larry; Dernehl, Ginger; Dressler, Jean; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna; Guerrero, Janel; Hamilton, Allison; Hardy Jr, John; Hawkins, Bernadette; Hemstock, Robert; Hetrick, Nancy; Hoatson, Tom; Huang, Karen; Hueter, Barbara A.; Hunter, Bevin; Huson, Margaret; Ibrahim, Amr; Kaufman, Paul; Kean, Steven J.; Keene, Patrick; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Leibman, Lara; Leonardo, Sam; Levy, Alberto; Lindberg, Susan; Linnell, Elizabeth; Mara, Susan; Maurer, Luiz; McVicker, Maureen; Migden, Janine; Miller, Terri; Montovano, Steve; Moore, Bill; Nersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue; Noske, Linda J.; Novosel, Sarah; Ogenyi, Gloria; Palmer, Germain; Perez, Carmen; Perrino, Dave; Petrochko, Mona L.; Pharms, Melinda; Rishe, Frank; Rizzo, Helen; Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jean; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, Dan; Steffes, James D.; Stransky, Joan; Stroup, Kerry; Sullivan, Kathleen; Sullivan, Lora; Thome, Jennifer; Tiberi, Fino; Twiggs, Thane; Walton, Steve; Warner, Geriann; Yeung, Charles; Yoho, Lisa
Cc:	Hiltabrand, Leslie; Radford, Pat
Subject:	Teams for Upcoming FERC Proceedings

As you know, the Commission last week issued several important notices and papers regarding various policy initiatives that the Commission plans to address over the next few months.  These issues are extremely important to Enron and we have been urging FERC to address and resolve (most) of these issues for many years.  There is now a Commission in charge that looks like it is ready to act, and we need to be ready to respond.

In an effort to coordinate our efforts, we have developed coverage teams to respond to these FERC initiatives.  The Washington advocacy group will also work closely with all of these teams.  If someone is interested in a particular issue and was not included on that team, please feel free to call the Project Lead to have your name added to the team.  All assistance is welcome.  As you will see on the attached chart, many of the deadlines for responding to these initiatives are within the next few weeks, so the teams need to mobilize and establish a game plan for our responses very quickly.

On the attached chart, we have listed in the left column each of the FERC initiatives that will be starting or are currently underway.  A "Project Lead" has been named for each initiative.  The Project Lead will be responsible for developing and initiating a game plan for how Enron will respond in the proceeding.  The Team Lead will be contacting each of you within the next couple of days to set up processes and procedures for moving forward.  The team will be responsible for the initial determination of what issues should be addressed, what is the best way for Enron to respond to them, and producing draft comments.  Once draft comments are prepared, the comments will be circulated to a much wider group of Government Affairs and commercial people to ensure that the team has captured all of Enron's important issues.

There is a column of "Inside Counsel" and "Outside Services."  In some areas, we plan to use outside counsel or consultants and in others we do not.  Where we do not list outside counsel, we will rely on our inside counsel to draft the comments (with significant input from the team members).  Please remember, however, that even if outside services are listed, the RCR process must still be followed.  If applicable, Project Leads should submit the necessary RCR request as soon as possible.
The following is a brief description of each proceeding and the Project Lead named for each proceeding:

RTO Meetings and Comments to NOPR:  Sarah Novosel and Christi Nicolay will be the Project Leads in this proceeding.  The RTO meetings will be held in Washington from October 15-19, and we hope to have an executive from Enron make a presentation on one of the panels.  Comments will be submitted to FERC regarding the appropriate market design for RTOs.  This team will also be responsible for these comments.

Standards of Conduct NOPR:  Lisa Yoho will be the Project Lead.  Comments are due in approximately 45 days.  Several issues are raised in this proceeding, including a proposal to apply the standards of conduct to a utility's marketing affiliate buying and selling power to serve native load.  This is a significant action for FERC and we will strongly encourage the Commission to adopt this bold proposal.

ICAP Inquiry:  Christi Nicolay will be the Project Lead.  Chairman Wood has indicated that he is not very familiar with capacity and reserve requirements, whether they are needed, and what impact such requirements have on the market.  Enron has been a strong opponent of ICAP for many years, and we plan to show FERC that ICAP requirements are not needed.  We will submit expert testimony on this issue.
California Audit and Westwide Price Cap Mitigation:  Alan Comnes will be the Project Lead.  Commissioner Brownell is leading a FERC audit of the California ISO.  Although we do not have details of what the audit is intended to cover or how expansive it will be, we need to carefully monitor this proceeding and have input into the audit process where possible.  Furthermore, a request for rehearing is pending before the Commission regarding the current price cap mitigation measures.  The Commission implemented these caps in an effort to limit price spikes in California.  California's summer peaking season is over, but the Pacific Northwest's winter peaking season will be starting soon, and the mitigation measures currently in effect could discourage power sellers from selling power to the Northwest, where it will be needed this winter.  This team will be responsible for both of these proceedings.
Transmission Constraint and Energy Infrastructure Issues:  Steve Walton is the Project Lead.  FERC staff is studying two significant transmission constraints - California's Path 15 and the Central East Interface in New York  -- and plans to have the study completed later this year.  The Commission plans to forward the study to DOE.  The Commission stated that this is a high priority for it.  In a relating proceeding, the Commission has stated that it will hold four open meetings in different regions of the country to identify energy infrastructure issues.  The team will also oversee the progress in these proceedings.
Revised Public Utility Filing Requirements:  Susan Lindberg is the Project Lead.  The Commission has issued a NOPR proposing to require market participants to provide more information than is currently required, including at least seven additional data points per transaction.  This will have a significant administrative burden on Enron and could require the disclosure of commercially sensitive information.  Comments are due on October 5.
California Refund Proceeding:  Ray Alvarez is the Project Lead.  The Commission has ordered power sellers to pay refunds for sales made to the California ISO from October 2, 2000 through June 20, 2001, and has established a hearing proceeding to resolve issues of material fact.
Pacific Northwest Refund Proceeding:  Bob Frank is the Project Lead.  The Judge in this proceeding issued an initial decision recently finding that refunds are not warranted in the Pacific Northwest.  Briefs will be filed in response to the decision, and the Commission will review the Judge's order.
Midwest/Alliance RTO Proceeding:  Mike Roan is the Project Lead.  Various filings are pending before the Commission regarding establishment of two RTOs in the Midwest - the Alliance RTO and the Midwest RTO.  Enron is advocating, consistent with the Commission's recent pronouncements, one single RTO in the Midwest.  The Commission is expected to act on these filings shortly.  Proceedings may be ordered.
Northeast RTO Proceeding:  Sarah Novosel is the Project Lead.  Mediation to create a single Northeast RTO has concluded and the Judge's report is pending before the Commission.  A Commission order is expected on or before October 31.  Additional proceedings may be ordered.
Southeast RTO Proceeding:  Christi Nicolay is the Project Lead.  Mediation to create a single Southeast RTO has concluded and the Judge's report is pending before the Commission.  A Commission order is expected on or before October 31.  Additional proceedings may be ordered.


Kimberly,

count me in

 -----Original Message-----
From: 	Bates, Kimberly
Sent:	Monday, November 05, 2001 12:48 PM
To:	Ames, Chuck; Brawner, Sandra F.; Germany, Chris; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Neal, Scott; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; Zivley, Jill T.; Culotta, Lindsay; Frihart, Bryant; Giron, Darron C.; Mims, Patrice L.; Murrell, Russell E; Pollan, Sylvia S.; Tucker, Patrick
Subject:	FW: Flu Shots

 -----Original Message-----
From: 	Rangel, Ina
Sent:	Monday, November 05, 2001 12:35 PM
To:	Villarreal, Alexandra; Hogan, Irena D.; Bates, Kimberly; Presas, Jessica; Vuittonet, Laura; Young, Becky; Moore, Kevin G.; Rybarski, Amanda; Salinas, Michael
Subject:	Flu Shots

I have scheduled the Health Center to come and administer flu shots to our floor on Wednesday.  I need to have an approximate number of how many vaccines we will need.  Please ask within your groups today and see who will be interested and let me know.

Thank You,
Ina Rangel
Administrative Coordinator
Enron North America
713-853-7257 Voice
713-646-3604 Fax


I have checked Unify Service Verifications and there is no activity on this
contract.  I also checked with the File Room for documents because there is a
reference in the Core Main comments section of the Global record referring to
an unexecuted amendment that extended the primary term and added evergreen
language.  There is no record of documents reaching the File Room.      aa

To: Amelia Alland/HOU/ECT@ECT
cc:
Subject: IT Contract

Amelia,  Can you check on contract # 96021047 to see if this is any current
transport activity on this contract.  This contract was never executed.
Reliant HL&P informed me that this contract is no longer being used and they
would prefer to terminate or void this contract.


Larry Gagliardi has been with us for 6 months marketing EOL crude/products
for 6 months and has signed up well over 50 customers according to Nowlan.
He came from the crude and products broker TCT and knows the traders in the
business.  He's our guy, and I want to expand his role in the group, as well.


FYI -

In case you haven't yet seen this, below is a link to a May 2001 CEC report
on gas infrastructure.

http://www.energy.ca.gov/reports/2001-05-22_200-01-001.PDF


I have updated the attached Emergency call list again for this month due to
the large volume of corrections received today. The next scheduled update is
the first week of June. If you have any corrections or additions, please get
them to me before the end of the current month.

Please do not make changes to the spread sheet. Forward all additions etc. by
e-mail.

Thanks,
Randy


Please send out 2 books to TECO.  Thanks
Ben


You guys had a busy night last night and did a good job of handling El Paso
and getting the reports done.  However, we were not flat this morning in
Enpower (long 1600 mws in NP, and short 192 in SP), and because we were not
flat in California, the Enpower to Caps report was incorrect.  Variances
listed as explained in the Enpower to CAPS report were not.  Your night note
says however:

CAPS Position Manager:
Flat for both days.

Please make sure you have checked the position manager and updated your night
note.
Thanks,

Bill


Greetings Jeff,
Thanks.  I will make copies and bring it to class.
Kindly,
Salvador

--
Salvador D. Aceves
Assistant Professor, Accounting
Director, Executive Education
School of Business and Management
University of San Francisco
2130 Fulton Street
San Francisco, CA  94117
Tel (415) 422-6263 fax (415) 422-2502
e-mail: acevess@usfca.edu

> Funny thing.  Right after we'd discussed my company's mark to market
> accounting in class on Monday, this article showed up on Wednesday.
> Thought you might be interested.
>
> TEXAS JOURNAL --- Energy Traders Cite Gains, But Some Math Is Missing ----
> By Jonathan Weil Staff Reporter of The Wall Street Journal
>
> Volatile prices for natural gas and electricity are creating high-voltage
> earnings growth at some companies with large energy-trading units. But
> investors
> counting on these gains could be in for a jolt down the road.
>
>   Shares of these companies have been on a tear lately. And some of the
> biggest
> players are in Houston, the center of the energy-trading industry. Dynegy
> Inc.'s
> stock is up more than fourfold so far this year at $53.438, and now trades
> for
> 41 times what analysts project the company's 2000 earnings will be,
> according to
> First Call/Thomson Financial. Shares of Enron Corp., the largest trader of
> gas
> and electricity in North America, have nearly doubled this year to $84.875,
> or
> 60 times earnings. Meanwhile, El Paso Energy Corp.'s stock has jumped 61%
> this
> year to $62.375, or 24 times earnings.
>
>   Traders at these and other companies are capitalizing on the wild price
> swings
> and supply fluctuations that have accompanied deregulation in some regional
> markets. Natural-gas prices have more than doubled in the past year, while
> supplies have tightened. And the rapid price fluctuations for electricity
> have
> prompted many large businesses to seek price protection through hedging or
> fixed-price contracts, generating large premiums for traders.
>
>   But what many investors may not realize is that much of these companies'
> recent profits constitute unrealized, noncash gains. Frequently, these
> profits
> depend on assumptions and estimates about future market factors, the
> details of
> which the companies do not provide, and which time may prove wrong. And
> because
> of minimal disclosure standards in these kinds of cases, it's difficult for
> investors to assess whose assumptions might be too aggressive, or what
> market
> changes might invalidate the assumptions -- and force earnings revisions.
>
>   "There could be a quality-of-earnings issue," says Tom Linsmeier, an
> associate
> professor of accounting at Michigan State University, who co-authored the
> U.S.
> Securities and Exchange Commission's rules on market-risk disclosures for
> financial instruments. "There certainly might be great volatility that
> could
> cause what now looks like a winning, locked-in gain to not arise sometime
> in the
> future."
>
>   The companies reject any suggestion that there may be quality problems
> with
> their earnings.
>
>   But at the heart of the situation is an accounting technique that allows
> companies to include as current earnings those profits they expect to
> realize
> from energy-related contracts and other derivative instruments in future
> periods, sometimes stretching over more than 20 years.
>
>   So-called mark-to-market accounting is mandated by accounting-rule makers
> when
> companies have outstanding energy-related contracts on their books at the
> end of
> a quarter, such as agreements to sell electricity or buy natural gas over a
> period of time at certain prices. Under those rules, companies estimate the
> fair
> market values of those contracts on their balance sheets each quarter as
> assets
> or liabilities. Changes in the value of a contract from quarter to quarter
> then
> are either added to or subtracted from net earnings.
>
>   If, for instance, the market price for natural gas rises above the price
> specified in a company's contract to buy gas, generally the company will
> record
> an unrealized gain. That gain is recognized as income and recorded as an
> asset
> on the company's balance sheet. At the end of each quarter, the contract is
> revalued. The value of the previously recorded asset is increased, and any
> increase in unrealized gain is recorded as additional income. Conversely,
> if the
> market value for gas falls, and the value of the contract has declined, any
> change in the contract's value is recorded on the company's balance sheet,
> and a
> loss is recorded on its income statement. e
>
>   Yet in their financial reports, the companies only vaguely describe the
> methods they use to come up with fair-value estimates on the contracts.
> Increasingly, quoted market prices offering independent guidance are
> becoming
> readily available for several years into the future. However, with some
> long-term derivative instruments, particularly electricity contracts,
> future
> market prices don't extend far enough to cover the full life of those
> contracts.
> And in those cases, companies are allowed to base valuations on their own
> undisclosed estimates, assumptions and pricing models.
>
>   "Ultimately they're telling you what they think the answer is, but
> they're not
> telling you how they got to that answer," says Stephen Campbell, an analyst
> at
> Business Valuation Services in Dallas. "That is essentially saying `trust
> me.'"
>
>   Accounting-rule makers at the Financial Accounting Standards Board have
> debated the subject of how to value energy-related contracts extensively in
> recent months. "Two companies in similar circumstances might apply
> different
> methods to estimate the fair value of their energy-related contracts and
> may
> arrive at widely different values," an FASB task force studying the issue
> wrote
> in a June report. "Those differences lead to the question of whether some
> of the
> methods in practice yield estimated amounts that are not representative of
> fair
> value."
>
>   Despite this concern, FASB isn't inclined to offer any explicit guidance
> for
> how such contracts should be valued. "There are just too many models and
> too
> many different types of instruments for us to have a one-size-fits-all type
> of
> model," explains Timothy Lucas, FASB's director of research in Norwalk,
> Conn.
>
>   One way to determine the size of a company's unrealized gains is to
> compare
> the change in the values of net assets from risk-management activities from
> quarter to quarter. Some companies also disclose how much they're adjusting
> their cash-flow statements to reflect unrealized gains that have been
> booked as
> earnings. That's how one can determine the size of the unrealized gains at
> Dynegy and Enron, for example, the two companies confirm.
>
>   A reporter's examination of Dynegy's financial filings shows the
> company's
> earnings are highly dependent on unrealized gains from risk-management
> activities. For its most recent quarter, ended June 30, Dynegy reported
> earnings
> of 38 cents a diluted share -- 71% of which came from unrealized gains, the
> company confirms. (The company's per-share earnings would have been 20
> cents
> higher if not for a one-time stock dividend.) For all of 1999, Dynegy
> recorded
> $115 million in unrealized gains, accounting for 51% of its earnings.
>
>   Enron confirms it booked $747 million in unrealized gains from
> risk-management
> activities during the second quarter, more than the company's total $609
> million
> in earnings before interest and taxes. Absent unrealized gains, the company
> would have reported a quarterly loss. For the quarter, the company reported
> earnings of 34 cents a diluted share, up 26% from a year earlier.
>
>   But not all companies disclose enough information for investors to
> calculate
> how large their unrealized gains are. El Paso says that's the case with its
> own
> quarterly reports, which disclose short-term assets and liabilities from
> risk-management activities -- but not long-term risk-management assets and
> liabilities.
>
>   For the second quarter, El Paso reported that its energy marketing and
> trading
> unit earned $152 million before interest and taxes, 24 times what it earned
> a
> year earlier. In an interview, El Paso's chief financial officer, Brent
> Austin,
> says unrealized gains represented about a third of that total. He says most
> of
> the cash from those gains will materialize within a year.
>
>   In its financial reports, Dynegy highlights the uncertainties with some
> contract valuations. It explains that with some long-term contracts for
> which
> market-price quotes aren't available, "the lack of long-term pricing
> liquidity
> requires the use of mathematical models to value these commitments . . .
> [using]
> historical market data to forecast future elongated pricing curves." Dynegy
> cautions that actual cash returns may "vary, either positively or
> negatively,
> from the results estimated."
>
>  But like Enron, El Paso and others, Dynegy provides scant details about
> its
> mathematical models -- such as the assumptions they use for market
> volatility
> and long-term price forecasts for natural gas and electricity. Nor is the
> company required to disclose more.
>
>   "The disclosure mentions risks," says John Cassidy, an analyst who tracks
> Dynegy for Moody's Investors Service in New York. "But I don't know that
> the
> disclosure offers enough detail for you to be able to quantify how much
> risk
> there is."
>
>   El Paso's filings warn that "because the valuation of these financial
> instruments can involve estimates, changes in the assumptions underlying
> these
> estimates can occur, changing our valuation and potentially resulting in
> financial losses." Enron cautions that the values it assigns to various
> transactions are based on "management's best estimate."
>
>   The companies are required to disclose what they think their maximum
> potential
> single-day risk-management losses might be, figures that also are based on
> various undisclosed market assumptions. But energy traders cite competitive
> reasons for not disclosing more.
>
>   "You don't necessarily want to tip off everyone to what you're doing,"
> says
> John Harrison, chief financial officer for El Paso's merchant-energy unit.
>
>   Echoing remarks by executives at other energy traders, Enron's executive
> vice
> president and chief accounting officer, Richard Causey, says Enron runs a
> relatively balanced portfolio and that the estimates factored into his
> company's
> valuations are conservative. In large part, he says, those estimates are
> based
> on quoted market prices where available. Where they're not available, Mr.
> Causey
> says Enron bases its estimates in part on long-term pricing trends, as well
> as
> the company's own trading experience, which dates to 1990.
>
>   Further, Mr. Causey says, Enron's unrealized gains don't depend heavily
> on
> gains from long-term contracts that extend beyond the periods for which
> market
> quotes are available, reducing the potential for significant earnings
> revisions.
> The average length of Enron's risk-management contracts is just two years,
> he
> says. To be sure, though, some of Enron's electricity contracts extend for
> 25
> years.
>
>   "We're getting the cash in quicker than you might think," Mr. Causey
> says.
> "They don't stay unrealized very long."
>
>   El Paso says its contracts have an average life of six years, with some
> running as long as 20 years. Dynegy says the longest risk-management
> contracts
> for which it uses mark-to-market accounting are 10 years, though it doesn't
> disclose an average length. Dynegy's chief financial officer, Robert Doty,
> says
> 96% of the company's gas contracts close out by 2002, while 75% of its
> power
> contracts expire by 2003. "The cash will come in," he says.
>
>   As for why the company doesn't disclose the extent of any bias, bullish
> or
> bearish, it has in the market, Dynegy executives say that information, like
> the
> estimates behind its mathematical models, is proprietary. Such disclosures
> may
> be outdated anyway by the time they could be included in public financial
> filings, says Michael Mott, a Dynegy vice president. Mr. Mott further
> explains
> that Dynegy could be realizing more cash earnings now if it wanted to. But
> "we
> don't see that would be in the best interests of shareholders," Mr. Mott
> says,
> because the company figures it can earn more later by leaving much of its
> gains
> unrealized for now.
>
>   Mr. Linsmeier of Michigan State compares the current situation for energy
> traders with the accounting controversies that engulfed subprime automobile
> and
> residential lenders during the late 1990s, though he emphasizes it's too
> far
> early to tell whether the consequences will be similar. Using so-called
> gain-on-sale accounting (a form of mark-to-market accounting), those
> lenders
> booked earnings from loans as soon as they were made, rather than having to
> wait
> for them to be paid off, as banks typically do.
>
>   But as interest rates fell in 1998, many customers paid off their loans
> earlier than expected, slashing lenders' profit margins. Compounding
> matters,
> the market for mortgage-backed securities dried up in the wake of financial
> chaos in Russia and other foreign markets, leaving lenders to bear the
> higher
> risks of many new loans.
>
>   Many investors complained they were blindsided, in part because these
> lenders
> generally hadn't disclosed their assumptions about prepayment rates and
> other
> variables. After the crash, subprime lenders routinely began disclosing the
> key
> assumptions used to value their mortgage portfolios.
>
>   At New York University, accounting professor Baruch Lev says investors
> would
> be better served if energy traders' financial filings explained the effects
> of
> hypothetical commodity-price movements on the values of their
> risk-management
> assets, and disclosed the basic assumptions about future commodity-price
> movements ingrained in their mathematical models. Says Mr. Lev, "I would
> like to
> see much more disclosure, particularly given that this is now becoming a
> significant component of their earnings."
>
>
> - - - - - - - - - - - -  Document Released on 2000-09-20 02:20:08.0 EST - -
>                             - - - - - - - - - -
>
>


Greg,
	Derek Lynn suggested I get with you to discuss changing the authorized signatories on the Enron Canada Corp primebroker account at Morgan Stanley.  I am not sure who in the Canada office has the authority to determine who should be authorized to trade or transfer funds from this account.  Please give me a call in the morning to discuss.  I can be reached at 713-853-1439.

Thanks,
Theresa


Carol,
Once our production pool is set up, I would like to transfer the CES/ENA
meters into our pool.  What do you need from me to transfer these meters?

Thanks,
Paul

---------------------- Forwarded by Paul J Leanza/DUB/EES on 07/13/2000 05:23
PM ---------------------------

Chris Germany@ECT
07/13/2000 04:58 PM
To: Paul J Leanza/DUB/EES@EES
cc:
Subject: Re: Local Production July 00

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/13/2000 03:58
PM ---------------------------

hboyd@columbiaenergygroup.com on 07/13/2000 12:58:49 PM
To: " - *Carol_A_Miller@dom.com" <Carol_A_Miller@dom.com>
cc: " - *Destephanis, Kara" <kdestep@columbiaenergygroup.com>, " - *Kinney,
Doug" <dkinney@columbiaenergygroup.com>, " - *chris.germany@enron.com"
<chris.germany@enron.com>
Subject: Re: Local Production July 00

Hi Carol,

Can you help me with the below information?  I am looking to turn over our
local production.  After August we won't be in business anymore and this local
production that is in our name is really Enron North America's local
production.   I had suggested that Enron (Chris Germany) set up a local agg
pool or if he was selling it to someone else to let me know so that we can
turn
this production over ASAP.   I am looking to write a letter to Peoples to give
them formal intent and need to know if I need to include meter identification
numbers in the letter (currently I do not know what these numbers are).

I apologize for this being such a mess, but I have been trying to get this
cleared up and seem to have no luck.

Thanks again for your help.

cc:
Subject:  Local Production July 00

Hi Karen,

Please nominate a volume of 24,800 dth's for the month of July 00 for CES'
local production.

Please let me know if you need something more from me.  I understand that
Clinton Energy is setting up a pool and will soon be able to take over our
local production.  I will be sending in a letter soon relinquishing the local
production, is there a meter number or identification number that I will need
to mention in the letter?

Thanks,
Heidi Boyd
703-561-6496


Dear AMU Student,

Please, if you have not done so already, take a moment to review the

					AMU Newsletter for September 2001.
					http://www.amunet.edu/newsletters/Newsletter.asp

Please also note:  Due to the multiple number of computer viruses circulating,

ALWAYS put your name and student ID in the SUBJECT line of emails you send to us.

We are being extremely careful with incoming emails and we want to make sure that we recognize you as a student so that we can quickly assist you.

Thank you so much!

Best Regards,
Kathie Ferrette
Dean of Students, AMU
students@amunet.edu


Janice

You could help Christi et all on this
Thanks
Elizabeth
----- Forwarded by Elizabeth Sager/HOU/ECT on 05/18/2000 09:22 AM -----

	Christi L Nicolay
	05/18/2000 09:09 AM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc: Richard Ingersoll/HOU/ECT@ECT
		 Subject: Re: FRCC audit confidentiality agreement

Elizabeth--Can you all look this over and let Dick I. know if it is OK.
Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/18/2000
09:09 AM ---------------------------

Richard Ingersoll
05/17/2000 09:03 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: Re: FRCC audit confidentiality agreement

No one will be audited at this time but I just wanted to see if the agreement
would be acceptable to us in the future.

To: Richard Ingersoll/HOU/ECT@ECT
cc:
Subject: Re: FRCC audit confidentiality agreement

What would FRCC be auditing Enron for or on?  L:et me know, then I'll show
this to ENA legal.

Richard Ingersoll
05/17/2000 12:50 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: FRCC audit confidentiality agreement

Is this OK
---------------------- Forwarded by Richard Ingersoll/HOU/ECT on 05/17/2000
12:49 PM ---------------------------

lbrousse@frcc.com@nerc.com on 05/17/2000 11:30:17 AM
Please respond to <lbrousse@frcc.com>
Sent by: owner-cacsc@nerc.com
To: <cacsc@nerc.com>
cc:
Subject: FRCC audit confidentiality agreement

Attached is the audit confidentiality agreement we used in our audit process
last year.  As I mentioned, it did have legal review by several of the audit
team member companies, and all of our team members signed it.  Hope it
helps.

Linda

 - Confidential Agreement 6-7.pdf


Please change these to BT.

	Enron North America Corp.

	From:  Julie Brewer                           03/01/2001 09:33 AM

To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Re: Bankers Trust/Deutsche Bank

Errol-

These are still showing Bankers Trust International. Can you please change
them back to Bankers Trust.

Thanks.
---------------------- Forwarded by Julie Brewer/NA/Enron on 03/01/2001 09:32
AM ---------------------------

	Enron North America Corp.

	From:  Julie Brewer                           02/27/2001 04:59 PM

To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: Re: Bankers Trust/Deutsche Bank

Errol-

Can you please rebook those two deals back to BT. (QT6916 and QT7116)

Thanks.
---------------------- Forwarded by Julie Brewer/NA/Enron on 02/27/2001 04:58
PM ---------------------------

Cheryl Johnson@ENRON
02/27/2001 04:49 PM
To: Jason Moore/HOU/ECT@ECT
cc: Marilyn Colbert/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON@ECT, Diane
Anderson/NA/Enron@Enron@ECT, Julie Brewer/NA/Enron@Enron@ECT, Jennifer
Blay/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT

Subject: Re: Bankers Trust/Deutsche Bank

Done-OK per Credit who gave instructions to suspend.

Jason Moore@ECT
02/27/2001 11:25 AM
To: Cheryl Johnson/Corp/Enron@Enron, Marilyn Colbert/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Julie
Brewer/NA/Enron@Enron, Jennifer Blay/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT

Subject: Bankers Trust/Deutsche Bank

It looks like Bankers Trust Company (CP# 27) needs to be unsuspended.

Jason Moore

---------------------- Forwarded by Jason Moore/HOU/ECT on 02/27/2001 11:22
AM ---------------------------

	From:  Larry Joe Hunter                           02/27/2001 11:14 AM

To: Samuel Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Jason
Moore/HOU/ECT@ECT
cc: Errol McLaughlin/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Julie
Brewer/NA/Enron@Enron, Jennifer Blay/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT
Subject: Bankers Trust/Deutsche Bank

Jason,

Per the below notice from Legal.  "Bankers Trust" is still a valid Trading
entity, and we should continue to book Trades to this Entity.  Can you please
change GCP from "Suspended" to "Active".

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 02/27/2001
11:11 AM ---------------------------
From: Tana Jones on 02/27/2001 09:26 AM
To: Laurel Adams/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Kimberly
Allen/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Jean Bell/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT, Julie Brewer/NA/Enron@Enron, Sharen Cason/HOU/ECT@ECT,
Celeste Cisneros/NA/Enron@Enron, Jason Fischer/NA/Enron@Enron, Jorge A
Garcia/NA/Enron@Enron, Larry Joe Hunter/HOU/ECT@ECT, Kimberly
Hundl/Corp/Enron@Enron, Melissa Ann Murphy/HOU/ECT@ECT, Bianca
Ornelas/NA/Enron@Enron, Stephanie Piwetz/HOU/ECT@ECT, Melissa
Rodriguez/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT,
Melinda Whalen/CAL/ECT@ECT, William  S Bradford/Enron@EnronXGate, Debbie R
Brackett/HOU/ECT@ECT, Tanya Rohauer/Enron@EnronXGate, Brant
Reves/Enron@EnronXGate, Tracy Ngo/PDX/ECT@ECT, Lesli
Campbell/Enron@EnronXGate, Veronica Espinoza/Enron@EnronXGate, Paul
Radous/Enron@EnronXGate, Wendi LeBrocq/Enron@EnronXGate, Russell
Diamond/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Edward
Sacks/Enron@EnronXGate, Nidia Mendoza/ENRON@enronXgate, Wendy
Conwell/NA/Enron@Enron, Darren Vanek/Enron@EnronXGate, Rudwell
Johnson/Enron@EnronXGate, Brent Hendry/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl
Nelson/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marilyn Colbert/HOU/ECT@ECT, Diane
Ellstrom/Enron@EnronXGate, Lynn E Shivers/LON/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie
Southard/LON/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Enron@EnronXGate,
Stacey Richardson/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Georgi
Landau/NA/Enron@ENRON, Cheryl Johnson/Corp/Enron@Enron, Stephanie
Sever/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT
cc:
Subject: Bankers Trust/Deutsche Bank

Deutsche Bank has gotten back to me and is vacillating on what they want to
do with the Bankers Trust trades.  In particular, they haven't thought
through what they want to do with the online trades, don't like on online
documentation, and now they think they may want to do a full novation of the
trades once they decide how to resolve this.  So, until we hear back from
them (they said in about a week), just let the Bankers Trust financial trades
and master sit.


You are invited to an Info Lunch:
Speaker: Cindy Olson, Executive Vice President, Human Resources and Community Relations

Where: DoubleTree, LaSalle A

When: September 25, 2001

Time: 11:30-1pm

Lunch will be provided.

Due to limited space only 100 are able to attend.  Please RSVP to Jackie Coleman at x54070 or jacqueline.coleman@enron.com

jc
x54070
EB3520a


Holden,

I created a new user for you so that you can gain access to the Traffic
Report.

Your username is holden and your password is fried

I believe that there is an agreement screen which you have to sign off on
the first time you log in.  After you log in successfully, you can change
your password.

Feel free to call with any questions or concerns.

Albert Pearson
Director, Product Development
FriedWire
3209 Walnut St
Boulder, CO 80301
(303) 447-0288 ext. 21


Elizabeth,

Per Mark,

I am forwarding the attached email to seek any thoughts/comments that you
might have.  Mark was generally ok subject to your approval.  Please advise.

Stuart
----- Forwarded by Stuart Zisman/HOU/ECT on 12/13/2000 09:08 AM -----

	Stuart Zisman
	12/12/2000 06:08 PM

		 To: Mark E Haedicke/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT
		 cc: Janet R Dietrich/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Chris
Booth/NA/Enron@Enron, Scott Healy/HOU/ECT@ECT
		 Subject: Non-Compete Proposal

As you may already know, Scott Healy and I are working on revising the
existing agreement with AES relating to the Calvert City development site in
Kentucky.  In connection with that transaction, ENA agreed to non-compete
language which is virtually identical to the provision set forth below.   The
current deal contemplates switching from the Calvert City site to our Haywood
County site in Tennessee.  As a result, AES has requested the following
non-compete provision.  Please provide any thoughts that you might have.  I
am available to discuss this with either of you on a moment's notice.

"For the period commencing on the Effective Date and terminating on the
earlier to occur of (i) the termination of this Project Development Agreement
or the Purchase Agreement in the event that Purchaser does not purchase the
Interests or (ii) September 1, 2002, Developer [ENA] (including its
subsidiaries but only to the extent that Developer owns greater than 50% of
the voting securities of such subsidiaries) agrees not to pursue for its own
account the development or acquisition of any power generation project
(except for any transaction pursuant to which such power generation project
is purely incidental to the overall transaction and is not a material part of
the assets being acquired or merged in such transaction) where the point of
interconnection of such project to TVA's Shelby to Weakley 500 kV
transmission line is located in Haywood County, Tennessee."

Stuart


---------------------- Forwarded by Dana Davis/HOU/ECT on 08/30/2000 03:09 PM
---------------------------

	Enron North America Corp.

	From:  Dana Davis                           08/30/2000 03:08 PM

To: Dana Davis/HOU/ECT@ECT
cc:
Subject:

http://www.natchitoches.net/cgi-bin/get_postcard.pl?word=LJEMRBTL