Vince:
 FYI - Wichai is joining on Jan 8th. Osman will take care of him until my
return.
Krishna.

---------------------- Forwarded by Pinnamaneni Krishnarao/HOU/ECT on
12/19/2000 03:34 PM ---------------------------

Pinnamaneni Krishnarao
12/19/2000 02:54 PM
To: Osman Sezgen/HOU/EES@EES
cc:
Subject: Re: Starting date: Jan 8th, 2001

Osman:
 Can you request the desk & computer for Wichai? Dennis has knows about
Wichai coming in January.
Thanks,
Krishan.
---------------------- Forwarded by Pinnamaneni Krishnarao/HOU/ECT on
12/19/2000 02:52 PM ---------------------------

Pinnamaneni Krishnarao
12/19/2000 02:52 PM
To: "Wichai Narongwanich" <wichai@engin.umich.edu> @ ENRON
cc:
Subject: Re: Starting date: Jan 8th, 2001

Dear Wichai:

 Good to hear from you and glad you will be here soon. I will be on vacation
in January. When I am gone you will report to Osman Sezgen who you have met
when you were here in Houston. Please get in touch with him when you come
here. His phone number is (713) 853-5485. If you have any problems, contact
our assistant Shirley Crenshaw at (713) 853-5290.

Best wishes,
Krishna.

"Wichai Narongwanich" <wichai@engin.umich.edu> on 12/19/2000 01:51:40 PM
To: <Pinnamaneni.Krishnarao@enron.com>
cc:
Subject: Starting date: Jan 8th, 2001

Dear Dr. Krishna,

As mentioned during the interviewing process, I plan to start working under
your supervision on earlier January. I'm now ready to start working with
your on Jan 8th, 2001. I have been in contact with the human resource
department to set up the working permit and relocation. I have received the
Optional Practical Training valid from Jan 8th, 2001 to Jan 7th, 2002. I
will go down to Houston to look for an apartment this weekend.
 By the way, I heard from Seksan, currently working under your supervision,
that you will be on vacation soon and will come back to work again late
January. Therefore, I would like to whether who  should I report with on my
starting date? Or do you have any recommendation for me to prepare for the
new work? Please, advise.

Best Regards,
Wichai Narongwanich

-----Original Message-----
From: Pinnamaneni.Krishnarao@enron.com
[mailto:Pinnamaneni.Krishnarao@enron.com]
Sent: Tuesday, June 20, 2000 1:21 PM
To: wichai@engin.umich.edu
Subject: Re: Resume for Sr. Specialist/Manager - Research position

Dear Mr. Narongwanich:

     You have an impressive background. What is your availability in terms
of timing? We are looking for somebody to join our group fairly soon (weeks
rather than months).

Thank you,
P. V. Krishnarao

"Wichai Narongwanich" <wichai@engin.umich.edu> on 06/19/2000 09:17:35 AM

To:   <pkrishn@enron.com>
cc:
Subject:  Resume for Sr. Specialist/Manager - Research position

Dear Mr. Krishnarao,

I received information about this job opportunity describe below by Boo
Lee,
an alumni of Financial Engineering program here in the University of
Michigan. The position is very interesting and relevant to my background
(Pursuing Ph.D. Operations Research with Real Options interest, Completed
MSE Financial Engineering, MSE Industrial and Operations Engineering, Have
been working on MS-Excel with VBA for 4 years) I attach my resume in
MS-Word
document in this mail. If you need further information, please don't
hesitate to contact me.

Sincerely,
Wichai Narongwanich

----------------------------------------------
Wichai Narongwanich
Ph.D. Candidate, IOE Dept.
Research Assistant, MEAM Dept.
University of Michigan
----------------------------------------------

Sr. Specialist/Manager - Research

Position Description:    Fulltime position as a member of the Research
Group at
Enron supporting commodity risk management activities in Enron Energy
Services. The selected person will be working closely with the deal makers
and risk-managers to  develop and support quantitative models for pricing
and risk management.

Responsibilities: Responsibilities include analyzing data and developing
models for valuing commodity (or commodity-related) contracts, options
embedded in or real options associated with long term energy management
contracts,  forecasting customer loads, and managing risks associated with
energy contracts.

Qualifications & Skills:
Masters/Doctorate degree in a quantitative field (Mathematics, Statistics,
Operations Research, Econometrics/Finance) with experience or course work
in
Statistics, data analysis and mathematical modeling. Must have excellent
computer skills and be able to function in a dynamic, unstructured
environment.
Coursework in Statistics/Econometrics and Basic Finance preferred.
Proficiency in Excel including VBA.
Familiarity with Access & Visual Basic.
Knowledge of risk management or energy markets a plus.

Place of Work: Houston

Contact: Email resumes to pkrishn@enron.com (P. V. Krishnarao)

(See attached file: Resume.doc)


---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 07/12/2000
09:35 PM ---------------------------

"Black, Andy" <andy.black@mail.house.gov> on 07/12/2000 09:18:05 PM
To: montee.wynn@nreca.org, Scott DeFife <sdefife@appanet.org>, Joe Nipper
<jnipper@appanet.org>, Gene Peters <gpeters@epsa.org>, Donn Salvosa
<dsalvosa@epsa.org>, Marc Yacker <myacker@elcon.org>, Cynthia Sandherr
<Cynthia_Sandherr@enron.com>
cc:

Subject: FW: More Amendments

>  <<DEGETT_002.PDF>>  <<GREEN_001.PDF>>  <<UPTON_002.PDF>>
> <<BROWOH_041.PDF>>
> These are all the amendments I have received since 5:00.  Let me know if
> I've forgotten anyone.

 - DEGETT_002.PDF
 - GREEN_001.PDF
 - UPTON_002.PDF
 - BROWOH_041.PDF


Attached please find an updated EPMI Power Credit Watch List as of 12/13/00.
Please direct any questions and/or comments to the Credit Hotline
(713-853-1803).


Thanks for the call this morning and the e-mail today.  Megan and I are ging
to dinner tonight and just a simple, relaxing weekend.  My last long run is
going to be Saturday morning.  I am looking forward to running this year
since I didn't last year.  I'll talk to you soon.
Love,
Ben


Karen Spencer
116 Pinehurst Avenue, C-21
New York, NY 10033
felursus@nyc.rr.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Karen Spencer


BLOW...
BLOW...
NICE D...

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Friday, March 08, 2002 8:22 AM
To: 'chad knipe'; Fenner, Chet; Joe Parks; Brian Constantine; Brad Corrier; EriK Wollam
Subject: RE: Last night!

Sounds like you were the one blowing it off.
	-----Original Message-----
	From: chad knipe [mailto:knipe3@msn.com]
	Sent: Friday, March 08, 2002 7:29 AM
	To: Chet Fenner; Joe Parks; Brian Constantine; Brad Corrier; EriK Wollam
	Subject: Last night!
	UUhh..what happened to ya'll last night. Thanks for blowing it off w/o letting me know. Ritas were good and plenty, had a few and decided to stick it out alone.  Actually met a whole new PILE of friends there.

	HALLELUJAH!!!!!!!!!


camille esposito
2117 Hyperion ave
los Angeles, CA 90027
esposito@artcenter.edu

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you
made from selling Enron stock before the company
declared bankruptcy to funds, such as Enron Employee
Transition Fund and REACH, that benefit the company's
employees, who lost their retirement savings, and provide
relief to low-income consumers in California, who can't
afford to pay their energy bills.  Enron and you made
millions out of the pocketbooks of California consumers
and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of
Enron's employees were financially devastated when the
company declared bankruptcy and their retirement plans
were wiped out.  And Enron made an astronomical profit
during the California energy crisis last year.  As a result,
there are thousands of consumers who are unable to pay
their basic energy bills and the largest utility in the state is
bankrupt.

The New York Times reported that you sold $101 million
worth of Enron stock while aggressively urging the
company's employees to keep buying it.  Please donate this
money to the funds set up to help repair the lives of those
Americans hurt by Enron's underhanded dealings.

Sincerely,

camille esposito


Attached is the bi-weekly update of the CPUC's going ons.  Call with
questions.

 <<X20615.DOC>>

Jeanne Bennett

 - X20615.DOC


---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/01/2000
08:28 AM ---------------------------

Shane.Dobbs@fctg.com on 11/01/2000 07:51:57 AM
To: wwilson@eng.auburn.edu, Tharpbl@eng.auburn.edu, dobbsmw@auburn.edu,
chancewood@earthlink.net, domino@sonet.net, jmjaked@mindspring.com,
jwood@regionsbank.com, poe77@earthlink.net, gwave85@hotmail.com,
dobbswn@auburn.edu, phillip.m.love@enron.com, hamptone@booksamillion.com,
stephaniepool@huntersystems.com
cc:
Subject: FW: Coke facts

?
-----Original Message-----
From: Rob Stanbridge  [mailto:rob@timberworld.com]
Sent: Wednesday, November 01, 2000 7:49  AM
To: Dobbs_Shane
Cc: Hafley_Robert
Subject: FW:  Coke facts

?
?

Just when you thought you knew everything (no, it's not an anti cola add
;-)...

1.In many states the highway patrol carries two gallons of Coke in the truck
to remove blood from the highway after a car accident.
2.You can put a  T-bone steak in a bowl of coke and it will be gone in two
days.
3.To clean a  toilet: Pour a can of Coca-Cola into the toilet bowl....... Let
the "real thing"  sit for one hour, then flush clean.
4.The citric acid in Coke removes stains  from vitreous china.
5.To remove rust spots from chrome car bumpers: Rub the  bumper with a
crumpled-up piece of Reynolds Wrap aluminum foil dipped in  Coca-Cola.
6.To clean corrosion from car battery terminals: Pour a can of  Coca-Cola
over the terminals to bubble away the corrosion.
7.To loosen a  rusted bolt: Applying a cloth soaked in Coca-Cola to the
rusted bolt for several  minutes.
8.To bake a moist ham: Empty a can of Coca-Cola into the baking  pan;rap the
ham in aluminum foil, and bake. Thirty minutes before the ham is  finished,
remove the foil, allowing the drippings to mix with the Coke for a  sumptuous
brown gravy.
9.To remove grease from clothes: Empty a can of coke  into a load of greasy
clothes, add detergent, And run through a regular cycle.  The Coca-Cola will
help loosen grease stains. It will also clean road haze  fromyour
windshield.

FYI: 1.The active ingredient in Coke is phosphoric acid. It's pH is 2.8. It
will dissolve a nail in about 4 days.
2.To carry Coca Cola syrup (the  concentrate) the commercial truck must use
the Hazardous material place cards  reserved for Highly Corrosive materials.
3.The distributors of coke have  been using it to clean the engines of their
trucks for about 20 years! Drink up!  No joke. Think what coke and other soft
drinks do to your teeth on a daily  basis. A tooth will dissolve in a cup of
coke in 24-48 hours.


[IMAGE]
 Attention Fantasy Players! Cant find that perfect gift? Let MVP.com make it easy for you! Save 10% on your next purchase when you purchase a Gift Certificate from now until 12/27/01. Click Here for Details .     Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    NFL Reports, Player Updates  [IMAGE]Latest NFL Player News  Jeff Graham , WR SD - Free Agent Updated 12/23/01 Graham probably won't play Sunday at Kansas City because of the death of his father in a car accident, coach Mike Riley said Friday. If Graham doesn't play, Trevor Gaylor will start in his place and Nate Turner will be signed off the practice squad. The Chargers are already missing their No. 3 receiver, Tim Dwight, due to complications of a collapsed lung.   Antowain Smith , RB NE - Starboy Updated 12/23/01 Smith rushed for a career-high 156 yards and a touchdown Saturday. He has been one of the best runners in the AFC and will help carry your team to Fantasy glory.     Steve McNair , QB TEN - Beegs Boys Updated 12/23/01 McNair played Saturday despite suffering from back spasms all week. He played well, throwing a touchdown pass in the second half. Expect him to be a solid No. 1 QB.  Jeff Garcia , QB SF - God Updated 12/23/01 Garcia, whose practice time was limited all week, played in Saturday's game. He admitted afterwards that he has a cracked rib. He played with extra padding, saying it didn't greatly affect his throws. Garcia might not be at full strength in the remaining weeks but he will still be a solid No. 1 Fantasy QB.   Eddie George , RB TEN - BCWD's Updated 12/23/01 George played in Saturday's game despite suffering from an ankle injury. He left in the third quarter because of a neck injury but returned to the game.  Oronde Gadsden , WR MIA - Starboy Updated 12/23/01 Gadsden did not play in Saturday's game against the Patriots because of a hamstring injury. Chris Chambers started in his absence.  Fred Beasley , RB SF - Free Agent Updated 12/23/01 Beasley broke his right hand. He will probably be sidelined for the rest of the regular season.   Joe Horn , WR NO - Hurricanes Updated 12/21/01 Horn is once again performing like an elite Fantasy receiver. He is a must-start player during the final weeks of the NFL season.   Maurice Smith , RB ATL - Oper Error Updated 12/21/01 A banged-up Smith hasn't done much statistically in recent weeks. Don't depend on him during the Fantasy playoffs.   Donald Hayes , WR CAR - Free Agent Updated 12/21/01 Hayes may step back into the forefront this week as the No. 1 wideout in place of Muhsin Muhammad. He isn't very explosive, however, and won't help Fantasy teams much during Weeks 15 through 17.    Chris Weinke , QB CAR - Perrito-style Updated 12/21/01 Consider Weinke as a backup during the Fantasy playoffs. He lacks the weapons to post better-than-average numbers, but he is a good option if you need an emergency QB.   Kurt Warner , QB STL - Hurricanes Updated 12/21/01 Warner should guide many Fantasy teams to success during the playoffs. Expect fine numbers from him the rest of the way.  Rich Gannon , QB OAK - BCWD's Updated 12/21/01 Gannon has been a top-flight Fantasy QB this year. He will be a key player on many title teams, and should never be benched.   Randy Moss , WR MIN - Tacos Updated 12/21/01 Moss started off slow this season but has once again been one of the best wideouts. Don't hesitate to start him during your playoff run.  Marvin Minnis , WR KC - R-Diddy Updated 12/21/01 Minnis hasn't done much to help Fantasy owners this year. Don't use him during the remaining weeks of the NFL season.   Michael Westbrook , WR WAS - El-Gato Updated 12/21/01 Westbrook has been inconsistent this season as a Fantasy player. He will be a good No. 2 at best during your playoffs.  Rod Gardner , WR WAS - Free Agent Updated 12/21/01 Gardner has been very inconsistent this season. Unless you play in a deeper league, starting Gardner isn't advisable.    Tony Richardson , RB KC - Free Agent Updated 12/21/01 Richardson hasn't been a consistent scoring threat this year. Don't use him during the Fantasy playoffs.   Tony Gonzalez , TE KC - Beegs Boys Updated 12/21/01 Gonzalez hasn't played as well as expected this year. Still, he is too talented to bench during the Fantasy playoffs.   Brett Favre , QB GB - Kar Bombs Updated 12/21/01 Favre has been one of the best QBs this season. Count on him to help lead your team to Fantasy glory.  Trent Green , QB KC - Starboy Updated 12/21/01 Green has been an inconsistent Fantasy QB this year. He is a risky start during the rest of the season.   Bill Schroeder , WR GB - Starboy Updated 12/21/01 Schroeder has had a solid season. Look for him to be a reliable No. 2 wideout during your postseason.  Matt Hasselbeck , QB SEA - Oper Error Updated 12/21/01 Hasselbeck has been a big disappointment this year. Don't use him during the Fantasy postseason.   Johnnie Morton , WR DET - BCWD's Updated 12/21/01 Morton has been inconsistent this season but he will still be a solid No. 2 during the Fantasy playoffs. Keep him in your lineup.  Reggie Wayne , WR IND - Free Agent Updated 12/21/01 Wayne is healthy again, and showing signs of improvement. But he is not accomplishing enough statistically to help most Fantasy teams.   Amani Toomer , WR NYG - Oper Error Updated 12/21/01 Toomer is having a bit of a down year, but his potential to post solid Fantasy numbers makes him worth considering. He should be a solid No. 2 wideout during your playoffs.  Marvin Harrison , WR IND - Perrito-style Updated 12/21/01 Harrison will be an important Fantasy player during the final weeks of the NFL season. He will have some good outings, even though the Colts are not in the playoff race.   Duce Staley , RB PHI - Hurricanes Updated 12/21/01 Staley started to play well late in the season. Be sure to keep him into your starting lineup. He will be an adequate back for the playoffs.    Shawn Bryson , RB BUF - Free Agent Updated 12/21/01 Bryson will start in place of the injured Travis Henry this week. Consider him as a No. 2 RB if you need help at that spot.   James Thrash , WR PHI - Perrito-style Updated 12/21/01 Thrash was not very consistent during the regular season and may not catch a lot of TD passes in the final games of the NFL regular season. He will be a No. 2 wideout at best during the Fantasy playoffs.   More Updates  Schedule, Breakdown  [IMAGE][IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB10SP


The Amerex letter looks fine.

FYI, Mark Taylor has been working on the broker access project.  I think that
the structure of these deals may ultimately differ from the structure
described in the LOI and term sheet, but I'm not sure what the current
thinking is on the structure right now.  I do know that some more thought has
been put into the broker access concept since we developed the Natsource LOI
(upon which the other two were based), and that we have never gone back to
the Natsource LOI to make sure that it represented "the deal."

The LOIs/Term sheets on these deals are non-binding, so I don't think there
is any material legal exposure for sending them out and starting discussions
with these counterparties.  However, I think that when Mark Taylor returns,
we need to put our heads together and make sure that these proposals match up
with how we our current thinking on these structures.  If there is a big
difference, we can talk about approaching our counterparties on these LOIs
and explaining our new approach.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/16/2000 03:52
PM ---------------------------

Herman Manis
08/16/2000 03:36 PM
To: Kay Mann/Corp/Enron@Enron
cc: Lisa Bills/Corp/Enron@ENRON, David Leboe/HOU/ECT@ECT

Subject: Re: VEPCO

The current structure (including VEPCO in Cornhusker under our Fair Value
Model) does not contemplate credit support.  There currently is not credit
support of the actual project co (Ponderosa Pine) under the Cornhusker
structure.  ENA typically does not provide credit support of project co's
under the fair value model because of certain bright line tests under the
fair value model for an asset purchase to qualify for fair value.

From a bank financing and economic perspective, ENA has a total return swap
with Delta Power, the 100% owner of Ponderosa Pine (Ponderosa Pine is
bankruptcy remote).

There possibly could be credit support from ENA for the project co if we were
compensated a fair value fee for the support, but this issue has never been
tested with AALLP (would need third party fairness opinion).  In the end,
there could only be a form of financial support, not a performance
guarantee.

To: Herman Manis/Corp/Enron@ENRON, Lisa Bills/Corp/Enron@ENRON
cc: Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT, Jeffrey
Keenan/HOU/ECT@ECT
Subject: VEPCO

Virginia Power has raised a question about wanting some type of guaranty or
other form of performance security should an Enron LLC sign the contract.
What can we propose (or exclude) under the contemplated structure?

Thanks,

Kay


I think so but it will take a little time.  Should have for you by when you
get in tomorrow.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/16/2001 03:40 PM

		 To: Harry Kingerski/NA/Enron@Enron, JMB <JBennett@GMSSR.com> @ ENRON
		 cc:
		 Subject: Final Rates from Yesterday's PUC Decision

Greetings:  Please see attached file.  Do have have the information necessary
to add a final column "Rates Established in Final Order?"  Could you let me
know? Thanks.

Best,
Jeff

 - Comparison Table 5.10.01.xls


In response to your VM.  I am fine with the $1MM gty only covering financial
transactions with ENA.  Thks


header

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Culture Committee Members:

We are delighted that you are available to attend the first meeting of Enron's new Corporate Culture Committee.  This meeting will be held on Monday, April 2, 2001 from 2:00 p.m. - 3:30 p.m. in EB 49C3.  The executive directors of this committee (Cindy Olson, Beth Tilney and Kelly Kimberly) are hoping that all members will be able to attend this very important kickoff meeting.  If you have any questions, or require additional information, please contact me at X36781.

Thanks.

Vanessa


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Bryan --

Thanks for the update.  On the first issue, there was a letter sent from the CAISO to some Congressmen.  Please find this.  Also, keep trying to locate the creditors list - we want people that bought and sold electricity.

Jim

 -----Original Message-----
From: 	Gottfredson, Bryan
Sent:	Friday, August 10, 2001 4:35 PM
To:	Steffes, James D.
Subject:	CA Info

Jim,
 This is what I have for you today (8/10).  It is not as complete as I would have liked at this point.  I am trying to find some new places to look for this info.  If you have any ideas on other contacts I can check, I will call them ASAP.  If you have some new ideas, I can work on this throughout the weekend.  Just let me know.

Bryan x52430
Home: 713-942-7307

1. Listing of who is owed how much in California
	Ray Alvarez - in DC (202-466-9170)
Explained that the best figure anyone has right now is the conglomerate 8.9 million that CAISO put together.  Clearly not everyone agrees with this summation, but Ray believes that CA will still fight for this figure.  They have not made public how they derived this information therefore it is not very helpful.  However, the FERC is beginning a hearing on Monday, 8-13, to find out the exact numbers, per company that we are after.  We should have an estimate on when we can get the reported numbers on Monday afternoon. Numbers will most likely be brought up in the opening, so we should know in a few days.
He also suggested that the following is a good list of all groups who have a major interest in the California situation.  It is derived from FERC docket #EL00-95.

 << File: CA Players.doc >>
2. Listing of the forward contract holders and the relative size of their positions.
 We have a good list from the CA State Controller's office.  We know size of forward contracts, but not overall positions.  *See attached file of "Summary of DWR Long-Term Energy Contracts As of 7/2/01"

 << File: DWR contracts.pdf >>
3. Any insights about the correlation (or lack of correlation) between the names on the lists.
4. Listing of the defendants in the class action suits.
Linda Guinn, in legal, said she would gather some information, regarding the preliminary creditors involved in the PG&E bankruptcy as soon as she could. (Richard Sanders is on vacation).  I was unable to reach Lisa Melencamp.
Linda explained to me that a list of defendants may be rather lengthy, and that if we could be more specific in our search request it will help her.
Neither Bill Bradford nor Mike Tribolet have a creditors list available.  I am currently searching the SEC filings (that are made public on the web) for some of the larger Corps, such as PG&E and SoCal Edison.


will do.  thanks for sending these.  i appreciate it.


That sounds like good news to be part of the process.  Thanks.  Mark


Did you find the box in your office?

	Kay Mann@ENRON
	06/06/2001 08:29 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: MDEA

Please print two copies.

On the stuff you had copied for me, please have the copy sent to John Keffer
at King & Spalding.  I'll keep the originals.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 08:28
AM ---------------------------
From: Genia FitzGerald@ECT on 05/11/2001 10:54 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: MDEA

Kay,

Here is the Cover Sheet and Attachments for the above C/P.  I wasn't sure
about the due diligence on the "agency relationship" so was unsure as to
whether to put those riders in.  I have attached those riders so you can
advise me.  The Agreement is housed in your directory minus the General Terms
and Conditions.  When you are ready to send the Agreement then I can attach
the GTC.

Thanks,
Genia


How's Hop-a-long?


Hi Rosalee:
Steve asked that I forward this to you.  I believe that Steve left you a
voicemail describing the nature of the email.

All the best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 06:51 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 06:11 PM

		 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron
		 cc:
		 Subject:

----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 05:56 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject:

Jim:
It was a pleasure speaking with you on Wednesday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


I asked him (and John Nowlan) to call you about this project that looks
pretty cool.  I thought you could lend a hand.  (John Montcrief also does wet
shipping for the crude and products group in London and works for Nowlan as
well.)  It looks pretty interesting.  Let me know what you think.  Thanks....

Meow.....Jeff

   Merritt Thomas                11/08/2000 03:05 PM

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

I called this guy back and he introduced himself to me and in the same
breath, told me he had ''forgotten more about freight this week than that
French guy in London will ever know!''  I didn't allude that I knew the
French guy.  I'm looking forward to the freight cat-fight... be sure to call
me when it happens so I don't miss any of the biting or hair-pulling!

M

---------------------- Forwarded by Merritt Thomas/LON/ECT on 08/11/2000
20:52 ---------------------------

Joe King
08/11/2000 20:48
To: Merritt Thomas/LON/ECT@ECT
cc:

Subject:

hello merrit,

i have been asked by jeff shankman to get together with you and discuss the
tanker freight book that we have here in houston and some positions we are
considering in the period market. my phone number is 713-853-7296.

regards

joe king


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/08/2000
01:16 PM ---------------------------

"The Alliance of Energy Suppliers" <alliance@eei.org>@ls.eei.org on
11/08/2000 10:28:43 AM
Please respond to "The Alliance of Energy Suppliers" <alliance@eei.org>
Sent by: bounce-app-ippexecs-33275@ls.eei.org
To: "Generation and Power Marketing Executives" <app-ippexecs@ls.eei.org>
cc:
Subject: Alliance FERC Alert-Regional Market Reports

Attached for your information are:

1.  The FERC orders regarding the meeting to be held Thursday, November 9.
2.  Annoucement of a hearing in San Diego on November 14.
3.  FERC report on bulk power markets in the Southeast Region
4.  FERC report on bulk power markets in the Midwest Region
5.  FERC report on bulk power markets in Northeast Region

These files will also be made available on the Alliance of Energy Suppliers
web site - http://www.eei.org/alliance
Should you have any questions concerning these reports, contact Jack Cashin
at 202-508-5499, or jcashin@eei.org

Nancy Tarr
Manager, Business Development
ntarr@eei.org

 - FERC 11-14 hearing.pdf
 - nov 9 panels.pdf
 - FERC.Southeast.PDF
 - FERCMidwest.PDF
 - FERCNortheast.PDF


What CRAP!!!  They have no political voice and the machines are old, give me
a break!  They didn't have a problem electing more blacks to their
legislature, so I guess they weren't denied the right to vote.  That last
quote by Jackson!!!  Oh my goodness, cry me a river.

I can't believe they can even say all this crap with a straight face.  But
then I'm sure I'm prejudice.

Don't send me any more of this crap today.  I'm trying to enjoy my Friday.
I'm headed to Ruston this weekend.  I'm going to see Tech and Tennessee.  I
think I told you that already.  I'm going to visit Fake family while I'm
there of course.

Talk to ya later,
Robin


Sirs, here is the current draft of the paper.
A couple of notes:
(1) Marty, I hacked at your section a bit last night trying to funnel it
into a couple of direct hypotheses (I failed). I hope you don't mind my
changes (overall structure is the same). Also, should we footnote your
references; it looks strange to hit Jeff's section and suddenly have refs
footnoted.
 (2) Mike, I was trying to warm up to conclusion by writing up
some of methodology section. Sorry to duplicate effort- you can delete and
replace
with yours or merge.
(3) The survey results/conclusions - I am pretty much ready to go here and
expect about 2 hrs of work (that means the complete draft should be in
your mail box tomorrow morning). HOWEVER- i am having a hard time framing
the results without direct hypotheses to affirm/disaffirm.

SO, Marty and Jeff, can you two review the intro section and respond to my
note and return your suggestions to me?
Please respond to my Haas email and not work, as I may take a couple of
hours off during the middle of the day to go work on the paper at school.

With the end in sight,
Jonathan

*********************
* Jonathan Hudacko  *
* 510.649.6476 (WK) *
* 415.305.4293 (HM) *
*********************

 - E205_paper.doc


Let me tell, that is one 225 pound pitiful soul when he is sick.  He has a
head cold, so he is going home to go to  bed.  He will sigh and  moan, and
carry on like you wouldn't believe.  He will be incapable of discussing
anything other than how he feels.

From: Suzanne Adams@ECT on 11/01/2000 11:19 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: conference call

Will do!  Neil called and he sounds like he feels awful!

	Kay Mann@ENRON
	11/01/2000 11:15 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: conference call

At 330 please get Sarah and Heather Brown (Bracewell) on the phone for me,
then I'll get Gregg.

Thanks,

kay

From: Suzanne Adams@ECT on 11/01/2000 10:23 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: conference call

Kay, I told him the meeting was at 3:30 and that you would be calling him.
He also wanted Sara Wesner on the call x35261.  I also told her you would
call her.

	Kay Mann@ENRON
	11/01/2000 09:52 AM

		 To: Gregg Penman/Corp/Enron@Enron
		 cc: (bcc: Suzanne Adams/HOU/ECT)
		 Subject: Re: conference call

Gregg,

Sorry, I thought Suzanne had confirmed it. We are on for 330.  I can call you.

Kay

From: Gregg Penman on 11/01/2000 09:49 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: conference call

is there a call in # for the 3:30 or will you be initiating it?

Gregg


I'm in NYC, returning tomorrow.  Neil hasn't mentioned Mac calling, but I
really didn't think we would hear from him again before today.

We meant to leave the stereo - hope you don't mind.  Paige got a new one for
Christmas, and her old one seemed perfect for the Pink House.

We enjoyed our visit also.  Thanks for everything.

Sorry to hear about the girls.  Tis the season.  I hope Lisa has a nice
birthday tomorrow, even with sick kids.

Gotta go meet someone.

Love,

Kay

Bill and Rita McCall <bmccall@wcnet.net> on 02/01/2001 03:57:40 PM
To: Kay.Mann@enron.com
cc:

Subject: Palacios calling

HiKay Kay. Just a short note since we are not sure if you are in Houston.
We sure found alot of goodies when we got here. The music center is great.
Did you intend to leave it here ? We REALLY enjoyed your,Michael and
Roscoe's short visit. Lisa sent an email yesterday saying the girls were
sick. Annie had 102 fever. Have you heard from Mac lately? Love to
all.Mother


Please call if you have any questions.

Thanks,
Joannie
3-1769


Start Date: 10/19/01; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101915.txt

Error retrieving HourAhead price data - process continuing...


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+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
This email is not sent unsolicited. This is an Open2Win mailing!
This message is sent to subscribers ONLY.
The e-mail subscription address is: pallen@enron.com
To unsubscribe please click here


(See attached file: hpl0607.xls)

 - hpl0607.xls


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

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


Gentlemen,

We just delivered signed documents to EES on Project Blackwater and the deal
has effectively closed.  Thank you very much for all of your hard work over
the last couple of weeks and particluarly over the last couple of days.  This
was a tough deal with a lot of moving parts and your participation in getting
the first long-term power deal done with EES for Enron Compression Services
Company is greatly appreciated.  We look forward to working on additional
deals with more innovative structures going forward into 2001.

Sincerely,
Chris Hilgert


----- Forwarded by Jeff Dasovich/NA/Enron on 03/19/2001 10:13 AM -----

	Andy Brown <ABB@eslawfirm.com>
	03/16/2001 06:19 PM

		 To: "'Julee Malinowski-Ball'" <jmball@ns.net>, Susan McCabe
<smccabe@mccabeandcompany.net>, Scott Govenar <sgovenar@govadv.com>, Ron Tom
<thackbarth@govadv.com>, Robert Ross <robbiz@cwo.com>, Rina Venturini
<rventurini@teamgsi.net>, Phil Isenberg <Isenberg@HMOT.com>, Mike Monagan
<mrmonagan@aol.com>, Maureen OHaren <Oharen@HMOT.com>, Marie Moretti
<mmoretti@mccabeandcompany.net>, Kassandra Gough <kgough@calpine.com>, Jamie
Parker <jparker@hmot.com>, Hedy Govenar <hgovenar@govadv.com>, DJ Smith
<djsmith@smithandkempton.com>, Delany Hunter <dhunter@smithandkempton.com>,
Chuck Cole <ccole@advocation-inc.com>, Bev Hansen <bhansen@lhom.com>, Anne
Kelly <kelly@hnks.com>, Fred Pownall <fred_pownall@ka-pow.com>, Mark Nobili
<mnobili@cal-lobby.com>
		 cc: Jean Munoz <jmunoz@mcnallytemple.com>, Greg Blue <gtbl@dynegy.com>, Jack
Pigott <jackp@calpine.com>, Jeff Dasovich <Jeff.Dasovich@enron.com>, Joe
Ronan <joer@calpine.com>, John Stout <john_h_stout@reliantenergy.com>, kent
Palmerton <kent.palmerton@williams.com>, "Larrea, John"
<John.g.Larrea@williams.com>, Lynn Lednicky <lale@dynegy.com>, Paula Soos
<paula_soos@ogden-energy.com>, Richard Hyde <rwhyde@duke-energy.com>, Roger
Pelote <roger.pelote@williams.com>, Sandi McCubbin <smccubbi@enron.com>,
Stephanie Newell <stephanie-newell@reliantenergy.com>, Steve Ponder
<steve_ponder@fpl.com>, Sue Mara <smara@enron.com>, Jan Smutny Jones
<smutny@iepa.com>, Steven Kelley <steven@iepa.com>, Katie Kaplan
<kaplan@iepa.com>, Chris Ellison <CTE@eslawfirm.com>, Doug Kerner
<runwithmee@aol.com>, Andy Brown <ABB@eslawfirm.com>, Nam Nguyen
<nam.nguyen@powersrc.com>
		 Subject: Confidential: Follow-up re Action Items from 3/15 IEP Lobbyist Ca
ll and 3/16 drafting meeting on 60x

This email is a follow-up to yesterday's lobbyist conference call and
today's meeting re potential language changes on 60x.  Attached are two sets
of draft amendment language that were discussed today consistent with a
general strategy on the bill that was discussed yesterday.  That strategy,
generally speaking, keys off an expected Calpine meeting with Hertzberg on
Monday, and is as outlined again below.  Comments / concerns with language
and/or general strategy should go to Julee for IEP by Monday COB for
consideration in next steps as mentioned in the action items.

The anticipated approach with the Hertzberg will be:

A) Persuade him that the "California First!" notion as presented in this
bill (and elsewhere) is not a good policy approach and that the bill should
be killed because: it will be interpreted as protectionist by other states
and will lead them to retailiate; it will isolate California from existing
supplies elsewhere that could help serve California loads; it could deny CA
access to new generation built in other states that could help CA; it will
slow CA projects "in the pipeline"; it will undermine existing commercial
arrangements that developers have _with_ California entities from CA
projects in the pipeline, etc.

If this does not happen, then ...

B) Persuade him to change the bill into something else (as in
carrot/incentive and not a stick that increases commercial and development
risks);

if this does not work and he will consider alternate language which does not
disrupt existing arrangements, then ...

C1) Take the more extensive "bulletproof" language, attached as "C1", which
protects any existing commercial arrangements and provides a method to bring
buyers and sellers together via a notice to interested purchasers maintained
by the CEC;

if that does not work and he will consider alternate language on another
approach which will not disrupt existing arrangements, then ...

C2) Take the "offer to negotiate" language, attached as version "C2", which
was the language developed and circulated yesterday (with the addition of
irrigation districts to the list of folks to whom the offer to negotiate is
extended),

and if that doesn't work, then

D) he wants to disrupt existing commercial relationships and he wants to
adopt a protectionist "California First!" policy which we cannot fix or
support.

Option C1 = file = C1_010315_IEPrev3b_abx1_60_bill_20010312_amended_asm.doc
Option C2 = file = C2_010315_IEPv3_abx1_60_bill_20010312_amended_asm_.doc

ABB

Andrew B. Brown
Ellison, Schneider & Harris, LLP
2015 H Street
Sacramento, CA  95814
Phone: (916) 447-2166
Fax: (916) 447-3512
mailto:abb@eslawfirm.com

CONFIDENTIALITY NOTICE:  This communication and any accompanying document(s)
are confidential and privileged.  They are intended for the sole use of the
addressee.  If you receive this transmission in error, you are advised that
any disclosure, copying, distribution, or the taking of any action in
reliance upon the communication is strictly prohibited.  Moreover, any such
inadvertent disclosure shall not compromise or waive the attorney-client
privilege as to this communication or otherwise.  If you have received this
communication in error, please contact the sender at the internet address
indicated or by telephone at (916)447-2166. Thank you.

-----Original Message-----
From: Julee Malinowski-Ball [mailto:jmball@ns.net]
Sent: Thursday, March 15, 2001 3:26 PM
To: Susan McCabe; Scott Govenar; Ron Tom; Robert Ross; Rina Venturini;
Phil Isenberg; Mike Monagan; Maureen OHaren; Marie Moretti; Kassandra
Gough; Jamie Parker; Hedy Govenar; DJ Smith; Delany Hunter; Chuck Cole;
Bev Hansen; Anne Kelly; Fred Pownall; Mark Nobili
Cc: Jean Munoz; Greg Blue; Jack Pigott; Jeff Dasovich; Joe Ronan; John
Stout; Kassandra Gough; kent Palmerton; Larrea, John; Lynn Lednicky;
Paula Soos; Richard Hyde; Roger Pelote; Sandi McCubbin; Stephanie
Newell; Steve Ponder; Sue Mara; Jan Smutny Jones; Steven Kelley; Katie
Kaplan; Chris Ellison; Doug Kerner; Andy Brown; Nam Nguyen
Subject: Action Items from Today's Lobbyist Call

ACTION ITEMS from today's IEP member company lobbyist conference call:

AB 60x (Hertzberg)
- Calpine will attempt to get a meeting with the Speaker on Monday regarding
his interest in other "California First" avenues, and report the results to
IEP.

- In anticipation of using Plan B, there will be a drafting meeting on
Friday (3/16) at 11am in IEP's office to fine-tune the current IEP proposed
amendments (attached).

- All available lobbyists will push the Speaker's office to hold off on
moving the bill until IEP has had an opportunity to present language.

- E+M will schedule a follow-up conference call on this issue early in the
week.

- IEP will explore the possibility of an editorial campaign regarding the
poor direction of this "California First" issue, tying it to long-term
contracting.

SB 6x (Burton)
- Review IEP proposed amendments to soften the eminent domain language
(attached).

- All available lobbyists will make contact with the Pro tem's office to
support the IEP amendments.

AB 8x (Migden)
- Review IEP comments that mitigate the EOB's authority in the coordinate of
operation and maintenance scheduling (attached).

- All available lobbyists will make contact with Assembly Member Migden's
office to support a stakeholder meeting taking place, because IEP would like
to make this bill work.

SB 39x (Speier)
- IEP will explore the possibility of including in its PR efforts on
maintenance and outages, the IOU- and labor-run nuclear facility being down
for an extended period of time.

PLEASE SHARE ANY INFORMATION YOU GET WITH ME FROM YOUR CONTACT WITH ANY OF
THE ABOVE-NAMED MEMER'S OFFICES.

THANKS.

> Julee Malinowski-Ball
> Senior Associate
> Edson + Modisette
> 916-552-7070
> FAX-552-7075
> jmball@ns.net
>
>

 - C1_010315_IEPrev3b_abx1_60_bill_20010312_amended_asm.doc
 - C2_010315_IEPv3_abx1_60_bill_20010312_amended_asm_.doc


Mike
Pls discuss with Mark Tawney.  Under the revised EGM structure for weather we
need to revisit theintended arrangement.
Thnx
Paul

	From:  Mike A Roberts @ ECT                           10/04/2001 04:59 AM

To: Christian Werner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney/Enron@EnronXGate

Subject: Model Effort in Houston

Christian,

Our Spring/Fall window of "<nactivity"is rapidly eluding us...

We need to get our internal model operational without delay.

Along these lines, let's go ahead and plan your visit to Houston as soon as
possible,
but by all means get you in at least 4 weeks before hurricane season.

That would mean the month of May looks good.

Please inform me what duties you could not perform from here to support the
Sydney office,
we'll figure out how to keep that office whole.

(it's working without a hitch to have Steve Bennett in London, but continuing
his Houston duties)

If the first week in May (for the whole month) will work, please respond asap
and we'll get housing arrangements finalized.

Looking forward to your visit,

- - - Mike


The attached workbook contains a review of the HotTap Helpdesk calls recorded in the
period Monday, November 12  through Sunday, November 18, 2001.

 Deborah
HotTap Helpdesk
3-6063


Dear Mr. Paul,

I'm writing on behalf of Jeff Skilling, who asked me to let you know that he
will send you a check in the amount of $200.

While Jeff would probably be to modest to tell you himself, I thought you
might be interested to know that he has been named the National MS Society's
2000 Man of the Year, and will be honored at a dinner on September 30.  He
has been a big supporter of the MS Society, primarily through his riding the
MS150 from Houston to Austin since 1997.  This year's ride is April 15-16,
and he has been busy collecting pledges - $20,000 so far, which will be
matched by the Enron dollar-for-dollar.  Enron Corp. has the largest MS150
team in the nation in terms of dollars raised, and this year our goal is
$350,000.  It appears that our 378-person team has already blown through that
goal and is well on its way to raising $400,000.  As MS has touched my
family, I am very proud to be associated with a man and a company who so
actively support research to find a cure.

I'm sure Jeff will write a personal note when he returns to town and sends
his check.  In the meantime, good luck with your fund raising, and have a
nice weekend.

Regards,
Sherri Sera
Assistant to Jeff Skilling, President & COO
Enron Corp.
713.853.5984
713.646.8381 (fax)

"Chuck Paul" <chuck.paul@a-closer-look.com> on 03/28/2000 10:13:29 AM
Please respond to "Chuck Paul" <chuck.paul@a-closer-look.com>
To: "Woody Berry" <boethia@hotmail.com>, "John Miller" <miller@advlaser.com>,
"Craig Deisenroth" <craigd9561@aol.com>, "Bill Jansson"
<jansson@mindspring.com>, "Bill Jordan" <williamhjordan@mindspring.com>,
"Fred Haulenbeek" <fredinvt@juno.com>, "Randall Harman"
<RHarman@Bass-Associates.com>, "Wayne Thompson" <wayne.thompson@chase.com>,
"Geoff Anderson" <wgander@twa.com>, "Jim Ulrich" <jimfulrich@aol.com>, "Hess
Hester" <wlhessjr@juno.com>, "John Jones" <jonejrj@annuityboard.org>, "Jim
Dent" <jdent@express-news.net>, "Rob Rossell" <rrossell@capital.net>, "Steve
Ogborn" <sogborn@goiac.com>, "Tom Benson" <bensons3@airmail.net>, "Jeff
Skilling" <jskilli@enron.com>, "Art Kretz" <akinpal@msn.com>, "John Grumbles"
<john_grumbles@berryplastics.com>, "Julia Sprunt" <julia.sprunt@turner.com>,
"Mark Paul" <markpa@gateway.net>, "Jim Wallace" <JAWALLACE12050@aol.com>,
"Greg Christoph" <christop@netcomuk.co.uk>, "Bud Nelson" <golfnbud@aol.com>,
"CARL HOHL" <handshohl@eudoramail.com>, "Craig Weichmann"
<Craig.Weichmann@morgankeegan.com>, "David Lesh" <boardwalk@iquest.net>, "El
Shelden" <elrodpdx@msn.com>, "Mitch Baddour" <mbaddour@msn.com>
cc:

Subject: Fw:

To All Brother Beta's (and El!!),  3 weeks ago Woody Berry and I took a trip
to Rockford, Illinois to visit Phil Morrow, who has been struggling with MS
for the past 12 years.  The pictures tell the rest of the story.  I would
say that speaking for Woody that the trip was very bitter/sweet.  Bottom
line:  count your blessings, we never know what life has in store for us.

I will be hosting my Annual MS Walk/ Party in May.  I have done this for the
last 10 years.  I initially thought it would be a good thing for me to do as
I thought I had MS!!  Fortunately, my Neurologist thinks that I had a small
stroke back in '91 (never thought having a stroke would have been GOOD
news!!).

Now, I host the party in honor of Phil Morrow in hopes that we can find a
cure to help him.  As always, I collect donations from anyone and everyone
who is interested and/or able.  If you would like to send in a donation,
simply write out a check for whatever amount to:   NMSS (National Multiple
Sclerosis Society) and send it to:

Chuck Paul
6193 Forest Hills Dr.
Norcross,  Ga.  30092-4513

My email address is listed below.  If you have any other Beta's who you
think would like to see these pictures, please forward them on.

PS  First game at the new Ford Stadium on the SMU campus will be 9/2/00 at
6PM against KU.  Homecoming this year will be October 28th.  The new stadium
is looking GREAT!  I hope to be at both games but definitely at Homecoming.
Hope to see many of you there.  We will even have a 'tailgating' section
with 'adult beverages' allowed!!!

-kai-

C-Paul
________________________________________
   Chuck Paul
   A Closer Look
   Professional Mystery Shopping Company
   770-446-0590
   Email:  Chuck.Paul@A-Closer-Look.com
   http://www.a-closer-look.com

----- Original Message -----
From: Chuck Paul <chuck.paul@a-closer-look.com>
To: <woody Berry>
Sent: Monday, March 27, 2000 11:07 PM

>
> ________________________________________
>    Chuck Paul
>    A Closer Look
>    Professional Mystery Shopping Company
>    770-446-0590
>    Email:  Chuck.Paul@A-Closer-Look.com
>    http://www.a-closer-look.com
>
>

 - chuchs buddy1.JPG
 - Chucks Buddy.JPG
 - chucks buddy2.JPG


Dial In Information:
Number:   800-711-8000
Pass Code:  6349#


----- Forwarded by Jeff Dasovich/NA/Enron on 11/30/2000 07:51 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	11/30/2000 04:44 PM

		 To: aod@newsdata.com
		 cc:
		 Subject: Re: FW: Bilas PD

Art:

Here it is.  Hope all's well with you and yours.

Best,
Jeff

"The California Public Utilities Commission has a choice. It can adopt the
same, common sense natural gas policy for Southern California that,s been in
place for several years in PG&E's service territory and has worked very well
for consumers.  Or it can stick with the status quo, which the industry
agrees is at least partially responsible for bottlenecks and high prices in
California.  The proposed decision opts for the status quo.  That's not going
to solve California,s natural gas problems, and it,s likely to make matters
worse in California's electric industry."

	"Arthur O'Donnell" <aod@newsdata.com>
	11/30/2000 04:36 PM
	Please respond to aod

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re: FW: Bilas PD

Yes, email is fine. Sorry about rush; today is deadline. Keep it brief
and I'll hold space for you.
Arthur O'Donnell
California Energy Markets
(415) 824-3222, (415) 824-3223 [fax]


I talked to Bill Williams and told him a quick (but not always perfect) way
to see if it is the correct CP is to select the CP and then click on the Deal
Clearing tab.  If there is a contract there or if you click on the arrow and
a number is there, we have a K with that entity and it is the correct CP.  If
it is blank under Global Contracts even after you click on the arrow, we do
not have a contract with that entity and you have probably chosen the wrong
CP.  I will also send him a list of entities we have Ks with, but he did not
want them to have to look at a list.  Its probably a learning curve but at
least this is a step in the right direction.  Let me know if you can think of
other ways to help them.

   Kate Symes                01/31/2001 12:02 PM

To: Rhonda L Denton/HOU/ECT@ECT
cc: Bill Williams III/PDX/ECT@ECT
Subject: Re: Incorrect Counterparties

I've received some feedback from the Real Time group regarding these
counterparty discrepancies. Apparently, they were never given notice of the
correct counterparty names, and chose what seemed to be the most logical
name. Can we come up with a system or master list of usable counterparty
names for these guys to refer to when faced with an array of choices? (i.e.
There are five different names under Transalta.)

The concern lies with our daily correction report, which I generate and which
includes all deals that have been changed and the name of the person who made
the "error." This report can weigh unfairly against a trader who may be
unaware of the difference between "Dynegy Marketing & Trade" and "Dynegy
Power Marketing." I feel like there has to be a more efficient way to avoid
these errors than publishing them in a report that gets sent throughout the
company.

If you could help me compile this master list, or direct me to someone who
can, I would greatly appreciate it.

Thanks,
Kate

Rhonda L Denton
01/30/2001 09:14 AM
To: Joe Errigo/Corp/Enron@Enron, Geir Solberg/PDX/ECT@ECT, Juan
Hernandez/Corp/Enron@ENRON, Leaf Harasin/PDX/ECT@ECT, Ryan
Slinger/PDX/ECT@ECT, David V Porter/PDX/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT

Subject: Incorrect Counterparties

I have changed the following deals b/c the selected CPs are incorrect.  Also,
please remember not to pick CPs in brackets as they are inactive.  Thank you
for your help.

507901 should be Allegheny Power, Transmission Business Unit
507842 should be Dynegy Power Marketing, Inc.
506767 should be NRG Power Marketing, Inc.
507900 should be PJM Interconnection LLC
506618 should beTransalta Energy Marketing (US) Inc.
506727 should beTransalta Energy Marketing (US) Inc.
506747 should beTransalta Energy Marketing (US) Inc.


Sounds like your world is a little up in the air right now.  Best wishes for
success in whatever you decide to do.  It has been a pleasure working with
you over these years!

	Mary G Gosnell
	02/27/2001 01:28 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Deutsche Bank AG/Bankers Trust Company

Yes it is so.......I am taking the month of March off and pursuing other
opportunities after that....no final destination known yet.....mgg

From: Tana Jones on 02/14/2001 05:08 PM
To: Mary G Gosnell/HOU/ECT@ECT
cc:
Subject: Re: Deutsche Bank AG/Bankers Trust Company

Say it ain't so, Joe...!  Where are you going?!!

	Mary G Gosnell
	02/14/2001 04:46 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Deutsche Bank AG/Bankers Trust Company

Tana,

I will be leaving the company at the end of the month.  Please replace my
name with that of Bill Hare....thanks....mgg

From: Tana Jones on 02/13/2001 04:56 PM
To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Derek
Bailey/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Kevin
Meredith/Corp/Enron@ENRON, Scott Tackett/Corp/Enron@Enron, Celeste
Cisneros/NA/Enron@Enron, Tiffany Williams/NA/Enron@Enron, Kim S
Theriot/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Paul
Radous/Corp/Enron@ENRON, Wendi LeBrocq/Corp/Enron@Enron, Russell
Diamond/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron,
Nidia Mendoza/HOU/ECT@ECT, Bradley Diebner/Enron@EnronXGate, Wendy
Conwell/NA/Enron@ENRON, Darren Vanek/NA/Enron@Enron, Rudwell
Johnson/NA/Enron@ENRON, 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/HOU/ECT@ECT, Lynn E Shivers/LON/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT,
Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie
Southard/LON/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Enron@EnronXGate,
Melissa Ann Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON, Cheryl
Johnson/Corp/Enron@Enron
cc: Justin Boyd/LON/ECT@ECT, Matthew Dawson/LON/ECT@ECT
Subject: Deutsche Bank AG/Bankers Trust Company

As a follow-up to my email regarding the execution of the 12/29/00 ISDA
Master Agreement between Deutsche Bank AG and Enron North America Corp.,
please be further advised:

Effective 6/4/99, Bankers Trust Company was acquired by Deutsche Bank AG.
All financial trading should now be transacted under the above Deutsche Bank
ISDA Master Agreement.  No further financial trading should be done in the
name of Bankers Trust Company, and the 4/16/91 ISDA Interest Rate and
Currency Exchange Agreement with Bankers Trust Company should be inactivated.

All outstanding Bankers Trust Company financial trades were assigned to
Deutsche Bank AG in the ISDA Master Agreement, and all the Bankers Trust
Company trades should be moved to Deutsche Bank.


Attached please find the referenced Annex B and copy of transmittal fax.


Here is the electronic version of the PGE/Sierra answer to the TANC/SMUD
protest which was filed on Monday.   Unfortunately, everyone was not included
on the Skadden circulation list to review the drafts of the answer, so to
rectify this problem, I will forward all future PGE/Sierra merger related
emails to everyone on this email as I receive them.

We are trying to set up a conference call with the LeBoeuf attorneys (FERC
and SEC) for a timing update, and we will call around to check everyone's
availability within the next couple of days.

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

Sarah

---------------------- Forwarded by Sarah Novosel/Corp/Enron on 10/03/2000
06:01 PM ---------------------------

"Matthew Estes" <MESTES@skadden.com> on 10/03/2000 05:02:15 PM
To: mgray@brattle.com, pfoxp@brattle.com, phanser@brattle.com,
jhartso@enron.com, paul.kaufman@enron.com, snovose@enron.com,
jrutkows@llgm.com, sbehrend@llgm.com, frank_afranji@pgn.com,
jay_dudley@pgn.com, jim_eden@pgn.com, pamela_lesh@pgn.com, "Jerry Pfeffer"
<JPFEFFER@skadden.com>, "Clifford Naeve" <MNAEVE@skadden.com>, "William Mason
Emnett" <WEmnett@skadden.com>, ccowan@sppc.com, cwestadt@sppc.com,
gporter@sppc.com, soldham@sppc.com, awenner@velaw.com, bbruner@velaw.com,
sangle@velaw.com
cc:

Subject: Answer To TANC/SMUD

Attached is an electronic version of the Answer to TANC/SMUD that was filed
at FERC yesterday

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

 - 308545_2.wpd


> Sunday 3rd September 2000
>
> The Monte Carlo Rendez-Vous Reporter from Reactions, in association with
> Guy Carpenter [http://www.guycarp.com].  Simply click on the link next to
> each headline to read the full story.
>
> Top stories of the day:
>
> The only way is up for rates
> http://www.reactionsnet.com/conferences/viewStory.asp?id=659
>
> Vox pops: Testing the renewals air
> http://www.reactionsnet.com/conferences/viewStory.asp?id=660
>
> The view of the middleman
> http://www.reactionsnet.com/conferences/viewStory.asp?id=661
>
> New look Rendez-Vous
> http://www.reactionsnet.com/conferences/viewStory.asp?id=657
>
> Please visit http://www.reactionsnet.com for all the latest news from the
> world's largest insurance and reinsurance conference.
>
> Alternatively, you can read these stories on the official Rendez-Vous
> website at http://www.rvs-monte-carlo.com
>
>
> Book of the industry:
>
> Reinsurance
> Fourth Edition of Professor Robert L Carter's industry-standard textbook.
> https://ecommerce.waterside.net/reactions/Reins_Fourth.asp
>


Just checking in to see how the Red Rock expasion was going and to see if you
could provide me with a breakdown of how our Demand and Variable charges will
look like.  No rush. Thanks!


Mark:  As I mentioned to you yesterday, I was volunteered to draft Sutton's
speech with just a few days notice.  Fortunately, Rob Bradley and his staff,
including, Almad and Joan were very helpful in providing me with slides and
talking points.  Rob also packaged the final presentation with all the
appropriate protocols.  I was asked to focus on Enron as a "new economy
company" and "prescriptions" for liberalizing the gas market in Brazil.  The
former is important because Enron is adapting the new business model in
Brazil and it's not very well understood there.   The latter was presented in
a global context in order to advocate change in a more subtle manner.
However, as you can see in the attached news story, Joe was direct in
assessing the current situation in Brazil.  Keith


---------------------- Forwarded by Steven J Kean/NA/Enron on 04/15/2001
07:59 PM ---------------------------
From: Leslie Lawner on 04/13/2001 02:35 PM
To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
cc:

Subject: RESUME

I am sending you the resume of Jennifer Salisbury who is Energy Sec. here in
NM and I think she is great!  She is looking to move back into the private
sector, and if we have an opening or can help her with one, that would be
wonderful.  Thanks.
----- Forwarded by Leslie Lawner/NA/Enron on 04/13/01 02:29 PM -----

	"Salisbury, Jennifer" <JSalisbury@state.nm.us>
	04/13/01 01:24 PM

		 To: "'llawner@enron.com'" <llawner@enron.com>
		 cc:
		 Subject: RESUME

 <<jenbio revised_.doc>>  Leslie -- Thanks a million for getting back to me
so quickly.  Yes, I'd be willing to relocate.  I'm more interested in how
challenging the work would/could be (and the level of pay) then where I am
physically located.  Attached is my resume.  Feel free to send it to the
headhunter who called you and/or to anyone you think might be interested at
Enron.  Jennifer

PS  I had never talked to Schaefer before the Boise meeting.  He was not
very impressive and I agree with your assessment that you will not be able
to persuade him on the price cap issue.

 - jenbio revised_.doc


Start Date: 2/6/02; HourAhead hour: 14;  HourAhead schedule download failed. Manual intervention required.


Hi Lynn,

Happy New Year!

I haven't seen the executed agreement come back.  Has it been signed yet?

Thanks,

Kay


Shirley,

Looks good. Please cc Anne Labbe.

Vince

 -----Original Message-----
From: 	Crenshaw, Shirley
Sent:	Friday, November 30, 2001 10:09 AM
To:	Kaminski, Vince J
Subject:	Important Instructions

Good morning everyone:

We have been asked to forward the following information and instructions to you:

	PLEASE DO NOT TAKE ANY FLOPPY DISCS HOME WITH YOU.
	PLEASE DO NOT SEND ANY TECHNICAL INFORMATION BY EMAIL
	OUTSIDE THE COMPANY OR TO YOUR PERSONAL E-MAIL ADDRESS.

The above will be grounds for immediate termination if you are caught leaving with the
discs or found to be sending technical information to others outside of Enron.

If you have special circumstances or personal information you need to take, please
consult with Vince before sending the information or taking it home on a floppy.

Thanks!

Shirley


These three guys will all be available for interview Monday afternoon.

Regards

Ben


See attached:

Loss/Limit Notifcations:

None

 - DPR 20.xls
 - Power Report 20.xls
 - Gas Report 20.xls


imagine you have a gas well in the middle of west texas and you only have one
pipeline running to your well.  the guy who owns the pipeline can fuck you
because you have no choice but to flow your gas that way.  split connect
means you have at least 2 options to flow your gas so the price the producer
receives is more competitive and if anything happens to one pipeline you
don't have  to shut your gas in because you move it to another pipe.

i'm going out with my brother and sime guys from work tonight.   are you free
saturday day and night?

"Jennifer White" <jenwhite7@zdnetonebox.com> on 02/09/2001 11:42:51 AM
To: john.arnold@enron.com
cc:
Subject: Re: ....what happens at La Strada STAYS at La Strada!!!

'Split connect' isn't in my petroleum industry dictionary.  I'm counting
on you for a definition.

Do you have plans tonight?

---- "Jennifer Brugh" <jmb@triadresources.com> wrote:
> Hey gang,
>
> We are set for brunch on Sunday at La Strada on Westheimer at 1:00.
>  Please,
> please, please be there by 1:00 or we lose the table, remember what
> happened last time!
>
> Looking forward to it!
>
> Jennifer
>
>

___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com


Hello everyone!

Not very many of you have filled out your timesheet in the excel spreadsheet

If you cannot access the "O" drive. you will need to fill out one by hand
until
you can get access.

Whichever way - I need them today!!

Thanks!

Shirley


Tani - are you happy having Steve Leppard and Research reporting to you in
London, with a thick dotted line to Vince in Houston.  Up to now it has
reported to Dale, so it makes sense to shift to you.  Steve wants a dotted
line to commercial, which I'm happy to have to me as he does o much work for
us.

Richard


Diane, I will definitely show this to Ken, but he has a Dain Rauscher
presentation near the Galleria at 8:00 a.m. that morning, so I know he can't
attend.

Rosie

Diane Bazelides@AZURIX
08/22/2000 03:01 PM
To: Carol Hensley/HOU/AZURIX@AZURIX, Kim Bacon/HOU/AZURIX@AZURIX, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amanda K
Martin/HOU/AZURIX@AZURIX, Cindy Olson/Corp/Enron@ENRON, Lou
Potempa/Corp/Enron@ENRON, Jan Johnson/GPGFIN/Enron@ENRON, Karen S
Owens@ees@EES, Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Hardie
Davis/Corp/Enron@ENRON, Rex Rogers/Corp/Enron@Enron, Kenneth
Lay/Corp/Enron@ENRON, Elizabeth Ivers/HOU/AZURIX@AZURIX, John
Ale/HOU/AZURIX@AZURIX, Russell Baumbach/HOU/AZURIX@AZURIX, Cliff
Baxter/HOU/ECT@ECT, Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen
Blankenship/HOU/AZURIX@AZURIX, Rebecca Carter/Corp/Enron@ENRON, Mary
Clark/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Sarah
Palmer/HOU/ECT@ECT, James Derrick/Corp/Enron@ENRON, Robert
Hermann/Corp/Enron@ENRON, Stanley Horton/Corp/Enron@Enron, Gene
Humphrey/HOU/ECT@ECT, Tod Lindholm/Enron Communications@Enron Communications,
Andrea Mainelli/HOU/AZURIX@AZURIX, Terry Owens/HOU/AZURIX@AZURIX, Mark
Palmer/Corp/Enron@ENRON, Arch Payne/HOU/AZURIX@AZURIX, James
Prentice/GPGFIN/Enron@ENRON, David Pruner/HOU/AZURIX@AZURIX, Dave
Schafer/OTS/Enron@ENRON, Elizabeth Tilney/HOU/EES@EES, Rachael
Tobor/HOU/EES@EES, Michael Wood/HOU/AZURIX@AZURIX, John
Wodraska/HOU/AZURIX@AZURIX, Norma Tidrow/HOU/AZURIX@AZURIX, Anita
Piat/HOU/AZURIX@AZURIX, Kathlene Neal/HOU/AZURIX@AZURIX
cc:
Subject: Alzheimer's Research Update

On September 19th Dr. Bill Thies, vice president of medical and scientific
affairs for the national Alzheimer's Association, will be in Houston to
provide an update on some of the new and successful research underway for
Alzheimer's disease.  He'll also be meeting with local reseachers to learn
what they're doing in order to support and potentially fund their work.
Since all of you have been such great supporters of our efforts to raise
funds for this very cause, Phil and I are hosting a breakfast so you can hear
firsthand how your money is being spent.  No pledge cards will be handed out
at the door--just juice, coffee and maybe a bagel.  Please join us to hear an
update from Dr. Thies on September  19 from 7:00 to 8:00 a.m. in the Enron
Building, Room 49C1.  Please RSVP to Adriana Wynn at X55176.


Tana,

I may have a need for legal review of a draft MOU and agreement with Oracle
in the near future.  Dovie tells me you are our primary contact.

What is the best process for scheduling time for legal support on an MOU?

- Steve

----- Forwarded by Stephen Abbanat/Enron Communications on 11/07/00 03:12 PM
-----

	Dovie Keprta
	11/07/00 12:20 PM

		 To: Stephen Abbanat/Enron Communications@Enron Communications
		 cc:
		 Subject: Enron T&C information

Steve-

Tana Jones is the legal specialist for our group.  She has handled all of the
NDAs and I'm sure she's got info for your MOU purposes.

Her extension:  713-853-3399

-dovie


Room booked at $175.00  group rate for Foundation at the Four Seasons Hotel
in Austin.  Nights 2nd, 3rd, and check out on 4th. Confirmation number 233879


CALENDAR ENTRY:	APPOINTMENT

Description:
	Christine - Review training

Date:		11/30/2000
Time:		9:00 AM - 10:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Don:

The attached file indicates the most current transmission rates and Ancillary fees available for November 2001.  Please let me know if you have any questions.

Thanks,
Marci

M:/Electric/East Volume Mgmt/Transmission/Transmission Rates - 11-01


Hilary E. Ackermann
Goldman Sachs
Credit Risk Management & Advisory
Phone: 212-902-3724
Fax:  212-428-1181
E-Mail:  hilary.ackermann@gs.com
Dear Mr. Lavorato:

Following up on your and Ken Lay's conversation with Gary Cohn, I would like
to forward the following proposal, acting for each of Goldman Sachs Capital
Markets and J.Aron.
> In order to provide Enron North America with additional liquidity, J. Aron
> and GSCM have discussed entering into the following series of transactions
> on terms to be agreed between each of the relevant parties:
>
> 1.  Enron Corp./J. Aron - FX Option sold by Enron Corp. to J. Aron with a
> settlement date of Dec 11, 01 would be settled on Nov 21, 01.
>
> 2.  Enron NA/GSCM - Interest Rate Swap Portfolio - At Enron NA's option,
> we would either (a) close out and portfolio on Nov 21, 01, resulting in a
> payment from GSCM to Enron NA or (b) bilaterally reduce applicable margin
> trigger from $10mm to zero, which based on current MTM would result in
> $10mm of additional margin being paid by GSCM to Enron NA.
>
> Weather Derivative Transaction - Applicable margin trigger would be
> reduced from $50mm to $5mm, which based on current MTM would result in
> ~$18mm of margin being paid by GSCM to Enron NA.
>
> 3.  Enron NA/J. Aron - Financial Derivative Portfolio - At Enron NA's
> option, we would either (a) close out and portfolio on Nov 21, 01,
> resulting in a payment from J. Aron to Enron NA or (b) bilaterally reduce
> applicable margin trigger from $10mm to zero, which based on current MTM
> would result in $10mm of additional margin being paid by J. Aron to Enron
> NA.
>
> Physical Natural Gas Receivable - In consideration of the foregoing, Enron
> NA would settle $10.5mm physical natural gas receivable for value Nov 21,
> 01.
>
Please call me at the number below at your soonest convenience to discuss
further.  Thank you.

Hilary E. Ackermann
Goldman Sachs
Credit Risk Management & Advisory
Phone: 212-902-3724
Fax:  212-428-1181
E-Mail:  hilary.ackermann@gs.com


Hey, Stewart:

It looks like Tana has been corresponding with these guys about EOL trading.
Modesto was planning to address the ISDA after working with Tana on the
electronic trading agreement.  By copy of this message, Tana should let you
know if anything recent has happened on the ISDA front.

Let me know if you need anything further.

Regards.  SS

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


Michelle,

I have an employee that wants out of his employment agreement.    He feels it was a mistake to sign it.  He is starting into his second year of the contract.   What are our options in this case?   He's willing to give up all the options given him and any future payments.   I promised him I wouldn't share his name with anyone.

Gary


Good morning:

Vince's direct reports will give a presentation to Dave Delainey, Monday,
April 24th at 3:00 PM in conference room EB3321.

This presentation will be an update of the one that was given to Greg
Whalley.

If you have any questions, please call me.

Thanks!

Shirley
3-5290


The new version 3.0.0.36 of the Forward Obligation Report
     is in production again. The report can be run against
     scheduling data now.

 -----Original Message-----
From:  Luu, Duong
Sent: Monday, March 12, 2001 4:28 PM
To: White, Stacey; Latham, Jenny; Evans, Casey; Lewis, Jon Paul; Vinson,
Donald Wayne; Dahlke, Andrea; Gim, Steve; Tisdale, Marilyn; Allen, Thresa;
Postlethwaite, John; Bentley, Corry; Reeves, Leslie
Cc: Kroumov, Kroum; Smith, Will F.
Subject: RE: Change to Forward Obligations Report

Stacey,

I rolled back fwdobl.exe Sunday since a trader in the WEST found a big
problem.
Currently, Kroum is fixing the problem.

Thanks,
dluu

 -----Original Message-----
From:  White, Stacey
Sent: Monday, March 12, 2001 9:44 AM
To: Latham, Jenny; Evans, Casey; Lewis, Jon Paul; Vinson, Donald Wayne;
Dahlke, Andrea; Gim, Steve; Tisdale, Marilyn; Allen, Thresa; Postlethwaite,
John; Bentley, Corry; Reeves, Leslie
Cc: Luu, Duong; Kroumov, Kroum
Subject: Change to Forward Obligations Report

Please note that the forward obligations report will now read from the
Scheduling Tables rather than the Deal Entry Tables whenever scheduling data
exists.  Please forward this e-mail this to other individuals in your groups
who use this report.  The data was tested by the Portland office, if you
notice problems with the report please refer your questions to Kroum Kroumov
or Duong Luu.

Thanks,
Stacey
---------------------- Forwarded by Stacey W White/HOU/ECT on 03/12/2001
09:27 AM ---------------------------
From: Duong Luu/ENRON@enronXgate on 03/09/2001 02:22 PM
To: Valarie Sabo/PDX/ECT@ECT, Kroum Kroumov/ENRON@enronXgate
cc: Diana Scholtes/HOU/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Will
Smith/HOU/ECT@ENRON, Stacey W White/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Fran
Chang/PDX/ECT@ECT, Samantha Law/PDX/ECT@ECT, Heather Dunton/PDX/ECT@ECT,
Duong Luu/HOU/ECT@ENRON
Subject: RE: release to production of scheduling forward obs. report

All,

I've just released FwdObl.exe to PRODUCTION from STAGE

dluu

 -----Original Message-----
From:  Sabo, Valarie
Sent: Friday, March 09, 2001 12:23 PM
To: Kroumov, Kroum
Cc: Scholtes, Diana; Semperger, Cara; Will Smith/HOU/ECT@ENRON; White,
Stacey; Belden, Tim; Chang, Fran; Law, Samantha; Dunton, Heather; Duong
Luu/HOU/ECT@ENRON
Subject: release to production of scheduling forward obs. report

I've tested the "schedule" version of forward obs.  It seems to be working
well.

The wish list might include a summary page to show the desks net 0. And it
could use a default that pulls all the west desks when the West portfolio is
clicked, while retaining the flexibility of overriding the west default to
choose individual desks - HOWEVER - it does work fine the way it is.

Please release this to production and let Fran Chang, Heather Dunton,
Samantha Law and Diana Scholtes know when it is released.  Thanks!