Mark/Greg,

Please find attached a post-mortem of our weekend problems...

Summary is last paragraph in red.

Regards

 -----Original Message-----
From:  Terech, Henry
Sent: Sunday, June 10, 2001 11:23 PM
To: Bibi, Philippe A.; Donovan, Bill
Cc: Kean, Steven
Subject: Enron Center North/Enron Center South Damage & Restoration Overview

Bill/Philippe-

Below is a summary of the major problems which occurred the past 96 hours and
the steps taken to mitigate the damage and risk.

Enron Center North (1400 Smith)

As a result of the flooding downtown, approximately six skyscrapers had their
electrical vaults flooded and began to cause cascading problemd in the
electrical grid downtown. The net result was the loss of one of the two 35kv
circuits which serve 1400 Smith. We (engineers, EES Maint, electrical subs)
believe at the time the circuits blew we shifted from three phase to single
phase power, which caused an imbalance in the load to the building.

Consequently, UPS "C" which serves a portion of the Lv 34 Data Ctr, the Rolm
phone switch, and a protion of the Traders floors lost a circuitboard, and
blew two internal fuses. This power degradation caused PDU "S" on Lv 34 to
trip its main breaker and shutdown power load to servers and equipment on
this PDU. This occurred shortly after Noon on Saturday.

Response/Restoration

> UPS "D" transferred load from UPS "C" as the N+1 back up and carried the
full load of the UPS loss as designed
> EPSC/electrical sub (Henderson Electric); EES Maint; IT worked together to
power down systems to begin repair work by 4:00pm Saturday
> EPSC/EES Maint coordinated with Pillar/Henderson Elec to obtain replacement
parts and begin the repairs. By 9:30pm all repairs to UPS"C" had been made
and the system bought back on line. As a measure of extra protection the back
up genset for Enron Ctr North  was in operation
> Reliant Energy restored the circuit at approximately 10:30pm Saturday
evening
> EPSC/EES Maint and subs conducted a thorough review of all electrical and
back up systems Saturday evening
> Enron Network IT Operations began restoration of all affected systems
Saturday evening
> EPSC/EES Maint obtained diesel fuel and topped off all gensets Saturday in
case of additional problems and due to fuel consumption during the outage

Other Building damage was limited to flooding in the tunnels, and water
damage/flooding to portions of the Body Shop on Lv B-1

Enron Center South (1500 Louisiana)

Impact/Damage Summary

> Levels 8 & 9  received very limited amounts of water from the core area
elevator shafts and exterior curtainwall. There was no exposure to water on
any systems or network cabling during the entire period. (Response) Crews
contained and cleaned all water as it traced into the building.
> ALL IDF closets on Lvs 3-5 Traders Floors remained dry throughout the
duration of the rains/flooding on Friday & Saturday
> Lv 6 received some water from Lv 7. (Response) The area was contained and
cleaned. No additional damage beyond Tuesday evenings flooding occurred
> Due to extreme street flooding and water pressure, a 10" sanitary sewer
line tied into ECS burst on Friday evening causing extensive flooding of Lv
B-1 area (approximately 4-6 inches of water in the basement. (Response)
Clark & Way Engr was able to install a temporary plug in the line to stop the
on going flood waters from penetrating the basement. Clean up has continued
throughout the weekend
> Due to the extreme flooding and water pressure, the water seal of the
Reliant Vault burst early Saturday and flooded the electrical vault room with
24-30" of water. This resulted in a complete loss of power at approximately
1:30pm on Staurday afternoon. The back up systems engaged and operated per
design to support the Data Ctr and Traders Floors. The temporary cooling
tower went off line. Prior to the flooding Clark had been in the process of
tieing in the temporary feed into the back up system by 7-1-01 in prep for
the migration (Response)
 * Clark used back up water pumps to pump out and clean the Reliant
electrical vault, as well as maintained operation of the back up systems
 * The Data Ctr AHU's were kept on line with the dehumidifiers/blowers to
modulate the airflow in the Data Ctr. EPSC had Way Engr techs use
temp/humidity probes
    to monitor the areas. The recordings indicated temps on Lvs 8 & 9 did not
exceed 78 degrees and relative humidity did not exceed 68% during the outage
 * Clark/Fisk Elec/EPSC coordinated desing efforts and obtained gear on an
emergency basis and completed the tie in off the temporary coolong tower to
the
    generators by 10:30pm
 * Reliant Energy is still cleaning and replacing gear in th vault room.
Presntly (AT 11:00PM Sunday) we have one circuit operational in the building
and 50% of the
              Reliant  gear on line). We are still operating all systems
safely on the back up sytems for the past 36 hours. It is expected Relaint
will be complete by 7:00am.
   Clark; the engineers and MEP subs shall be conducting a thorough system
review and repirs as required of all systems throughout the building during
the coming
   week.

In summary, the back up systems in both facilities did engage and operate as
designed; however, due to the extreme conditons and stress placed upon the
systems the facility held up extremely well. I would also like to note
throughout the ordeal beginning Friday evening through Sunday, everyone
(Enron NetWorks;EES FacilitiesClark Const;Way Engring;Fisk Electric;Henderson
Electric; KW-Pillar;Hines) did an outstanding job under enourmous pressure
and the most severe conditions I have seen in downtown Houston.
Communication, around the clock work  and cool heads managed to assess damage
and develop action/restoration plans to facilitate repairs for Monday business

Let me know if you need further details on specific issues or items.

regards-

Henry


Tickets requisitioned for England/Germany.  $1500!!!!!!


We are taking a poll on how you like the messaging board system.  Please
reply to this email if you have signed on to it and let me know your thoughts
about it.

Thank you,
Amanda Huble
Ext: 34384


There will be an update meeting on the status of the TW customer meeting on
	Tuesday, July 10 at 1:00 p.m. in EB4194.

	The meeting will focus on the following:

		Finalizing date - October 23 or October 24, 2001
		Ensuring everyone has seen the customer list
		Boat - Size
		Meals
		Gifts
		Access to training room in Enron Building on 5
		Agreement on invitation (Mark your Calendar) to be sent mid July

		Status of Agenda

	Thanks. Lynn


Angela:  Here's another email.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 10/27/2000 08:37 AM -----

	"MURIEL McFARLING" <MCFAM@andrews-kurth.com>
	10/26/2000 03:45 PM

		 To: "Danny Sullivan" <SULLD@andrews-kurth.com>, <Alan.Quaintance@enron.com>,
<annmarie.tiller@enron.com>, <bill.bowes@enron.com>,
<brenda.l.funk@enron.com>, <brent.vasconcellos@enron.com>,
<charles.delacey@enron.com>, <Gareth.Bahlmann@enron.com>,
<sara.shackleton@enron.com>, <Trushar.Patel@enron.com>,
<mniebruegge@mayerbrown.com>, <tellwood@mayerbrown.com>,
<mercedes.arango@us.cibc.com>, <schottla@us.cibc.com>, <wolfmark@us.cibc.com>
		 cc: "David Barbour" <BARBD@andrews-kurth.com>, "MURIEL McFARLING"
<MCFAM@andrews-kurth.com>
		 Subject: Hawaii II 125-0 Facility

Attached, in Word, are the initial drafts of the closing documents necessary
for the new Hawaii II 125-0 two year facility.  The documents are marked
against the original Hawaii 125-0 facility entered into in March of this year.

Please note that it is the intention of Enron to roll over all of the
tranches in the current Hawaii facility into this two year facility on the
closing date.  Accordingly, we have utilized the existing trust and merely
amended and restated the trust agreement (renaming the trust Hawaii II
125-0).  Because we are utilizing the same trust, I believe that we can roll
over the existing tranches with minimal paperwork - perhaps one omnibus
amendment for each series, setting forth the appropriate references to the
new Nov 15 documents.

I will send Hawaii I 125-0 Facility documents, marked against the Hawaii
II125-0 Facility documents on or before Monday morning.

The attached documents are identified as follows:

Closing Checklist (266026)
Second Amended and Restated Trust Agmt (265272)
RADA (265275)
Beneficial Interest Certificate (265276)
Distribution Agreement (265277)
Subscription Agreement (265278)
Facility Agreement (265273)
Form of Sale and Auction Agmt (266163)
Form of Amended/Restated LLC of Asset LLC (266143)
Form of Amended/Restated LLC of Transferor (266137) and
Schedule to ISDA Master Agmt (265279)

Muriel C. McFarling
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, Texas 75201
(214) 659-4461
(214) 659-4784 (fax)

 - 266163.doc
 - 265273.doc
 - 265275.doc
 - 265276.doc
 - 265277.doc
 - 265278.doc
 - 265279.doc
 - 266026.doc
 - 266137.doc
 - 266143.doc
 - 265272.doc


2001 Enron MS Walk and Roll
     Saturday, April 21, 9:00 am

Enron is the proud sponsor of this year,s Multiple Sclerosis Walk in Oregon.
As a first time sponsor for this event, Enron will receive tremendous
exposure in our community.  We would like to encourage all employees to
participate in this event to be held on Saturday, April 21, 9:00 am.  Dollars
raised by this Walk fund local health-related and educational services as
well as help support national research efforts to find the cause and cure for
this disease.

Each employee should have received a &Be A Lifesaver8 notice about this event
with the MS Society Walk brochure attached.  Portland employees of Enron
Broadband Services and Enron North America have partnered to form TEAM ENRON.
 Our goal is to have one of the largest teams in Portland - we want over 200
TEAM ENRON members!

Our team is not just limited to Enron employees.  We encourage all employees,
contractors, vendors, family members (including children) and friends.  This
will be a fun gathering for TEAM ENRON and offers entertainment, food and
activities for children.

If you are interested in participating, please provide your REGISTRATION form
(on the pamphlet or paper you received) to Jessica Burry or Anna Mehrer. We
want to start counting up the number of TEAM ENRON members in order to keep
everyone posted on our progress.

A Kick-Off meeting for all Portland employees will be held in early March.
Incentive prizes are awarded through the MS Walk; Enron will also be awarding
some great incentives to TEAM ENRON members.  Stay tuned for more details.

If you have any questions or you need extra REGISTRATION forms, pledge cards,
etc., contact Jessica Burry (503-464-3800) or Anna Mehrer (503-464-3834).


I am fine with the changes.
----- Forwarded by Stacy E Dickson/HOU/ECT on 04/23/2001 05:37 PM -----

	m.klyasheff@pecorp.com
	04/13/2001 04:35 PM

		 To: r.dobson@pecorp.com, Gregg.Penman@enron.com
		 cc: Stacy.E.Dickson@enron.com, jeffrey.t.hodge@enron.com,
s.richman@pecorp.com
		 Subject: enovate/MCN GISB contract

 Attached is a GISB agreement for MCN.  It incorporates the three
revisions requested by MCN, namely (a) specify on the cover sheet that there
are "special provisions" consisting of one page; (b) add "and recorded under
Section 13.11" to the language at the top of Appendix 1, and (c) change the
word "Transporter" to "Transporter(s)" in Appendix 1, Section 11.2, last
word.

 Contact and other MCN information needs to be filled in on the cover
sheet.

 <<MCN GISB 04-13-01.doc>>

Mary Klyasheff
312-240-4410

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in reliance
upon, this information by persons or entities other than the
intended recipient is prohibited. If you received this in error,
please contact the sender and delete the material from any computer.

 - MCN GISB 04-13-01.doc


Have you looked at the invoices that were in your inbox?   If approved, I can process tomorrow.   If not by Noon, I will forward to Carolyn George.

Alice Wright
Enron Wholesale Services - Legal
1400 Smith St., EB3809A
Houston, Texas 77002
Tel:  713-853-5438
Fax: 713-646-3491
alice.wright@enron.com


Mr. Campbell,

Attached is a summary table showing the inspection types and intervals
required by 49 CFR 195 and 40 CFR 60.  49 CFR 195 is a DOT regulation that
references API 653 for affected tanks.  There are no exemptions for age or
size.  The DOT inspections focus on physical integrity of the tank to
prevent catostrophic failure.  The 40 CFR rules are aimed at emissions and
these do have age and size limitations.  Let me know if this is satisfactory
or if you need anything else.

Jon E. Fields, REM
Argent Consulting Services, Inc.
Ph: (281) 953-1008
Fx: (291) 759-9656

 - tank reqs.xls


As most people are aware, there are a variety of proceedings and investigations pertaining to the western wholesale power markets.  More than 50 market participants are involved in litigation on both the state and federal level.  We have no reason to believe that Enron has been singled out in any of these investigations.

Each person in the Portland office needs to be aware of and comply with our data retention policies.  These policies are not new.  I have previously sent out e-mails delineating our policy.  This e-mail simply serves as a reminder.

If you have any questions or concerns please let me know.

The purpose of this message is to update employees on the
status of the California Attorney General's order regarding the preservation
of business information.  Please NOTE THE IMPORTANT POLICIES DESCRIBED
BELOW.

Please continue to ahdere to the following business information retention policies:

(1) PERSONAL EMAIL: can be kept, discarded,
etc. at will.

(2) BUSINESS EMAIL: do not delete any
business email sent or received for 24 hours.  This 24 hour delay will allow
the network to save a backup copy of the email.  After 24 hours, BUSINESS
EMAIL may be kept, discarded, etc. at will.

(3) WORD PROCESSING FILES OR FILE FRAGMENTS:
do not delete any SAVED FILE or any FILE FRAGMENT.  This policy covers any
FILE or FILE FRAGMENT that you have saved on your hard disk or the network.

(4) DATABASES: do not delete any information
in DATABASES.

(5) EXCEL SPREADSHEETS: do not delete any
information in EXCEL SPREADSHEETS.

(6) CALENDARS OR SCHEDULING PROGRAMS: do not
delete any information.

(7) OTHER ELECTRONIC DATA: do not delete any
OTHER ELECTRONIC DATA.

(8) HARD DRIVE CAPACITY: in the event that
you run out of disk space on your personal computer, you may copy files to
the network (where they will be backed up), then delete the files from your
personal computer to create the work space you need.  DO NOT DELETE ANY FILE
BEFORE YOU HAVE COPIED IT TO THE NETWORK.

In our negotiations we have discovered no
reason to believe that Enron has been singled out for investigation by the
Attorney General.  We will update you as we learn more.

Thanks for your help in this matter.

Tim Belden


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

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


This message is intended for all U.S. employees eligible for Enron's domestic
medical plans.  If you receive this notification in error, please disregard.


Latest.  I think it just changes my seat assignment.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/16/2000 02:06
PM ---------------------------

Claudette Harvey@ECT
10/16/2000 02:05 PM
To: Kay Mann/Corp/Enron@Enron
cc: Suzanne Adams/HOU/ECT@ECT

Subject: MANN 17OCT HOU TO NYC

---------------------- Forwarded by Claudette Harvey/HOU/ECT on 10/16/2000
02:04 PM ---------------------------

Julie Hunt <jhunt_vitoltvl@yahoo.com> on 10/16/2000 01:58:59 PM
To: CHARVEY2@ENRON.COM
cc:
Subject: MANN 17OCT HOU TO NYC

                                                   SALES AGT: JH/YDLPA5

                                          MANN/C KAY

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN: C HARVEY X30497

  DATE:  OCT 16 2000                   ENRON

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  17OCT HOUSTON TX     NEW YORK NY    937A    215P
CO 1966    Y          TUE   G.BUSH INTERCO LA GUARDIA
                            TERMINAL C     TERMINAL M
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:38 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT UPGRADED 1E

HOTEL                 17OCT THE MARK NEW YORK
                      19OCT 25 EAST 77TH STREET
                            NEW YORK, NY 10021
                            UNITED STATES OF AMERICA
                            TELEPHONE: ++1 212 7444 300
                            FAX: ++1 212 4725 714
                            CONFIRMATION: 199329
                            SINGLE ROOM KING SIZE BED
                            RATE: COR USD 500.00 PER NIGHT
                            ONLY JR SUITE AVAILABLE
                4PM 24HR CANCELLATION POLICY AT THE MARK

CONTINENTAL AIRLINES  19OCT NEW YORK NY    HOUSTON TX     1050A   136P
CO 1249    Y          THU   LA GUARDIA     G.BUSH INTERCO
                            TERMINAL M     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:46 DURATION
                  AIRCRAFT: BOEING 737-700
                            SEAT UPGRADED 1B

      AIR FARE 1795.34      TAX 142.66          TOTAL USD
1938.00
                                            AIR TOTAL USD
1938.00

                                        INVOICE TOTAL USD
1938.00

PAYMENT: CCAX372809836632012/1001/A000030

RESERVATION NUMBER(S)  CO/M9D4NH

MANN/C KAY                               TICKET:CO/ETKT 005 7016787231

CO  FREQUENT FLYER COHG770475
**CONTINENTAL RECORD LOCATOR: M9D4NH
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Do You Yahoo!?
Yahoo! Messenger - Talk while you surf!  It's FREE.
http://im.yahoo.com/


Start Date: 4/1/01; HourAhead hour: 14;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040114.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 14 / Preferred:  20.00 / Final:  23.17)
  TRANS_TYPE: FINAL
  SC_ID: TOSCO
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  UNIT_ID: UNCHEM_1_UNIT

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 14 / Preferred:  50.00 / Final:  39.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 14 / Preferred:  15.00 / Final:  11.66)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred:   0.50 / Final:   0.33)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred:   5.46 / Final:   4.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred:  49.80 / Final:  40.00)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  SC_ID: EPMI


Chris,
 Kim Ward asked me to forward this draft of the proposed Enfolio contract to
you so that you could give it to her.  She said that she would send it to the
city for its review.  The draft contains certain blanks which the city's
counsel needs to provide.  Please call if you have any questions.


Sean,

I think we should  invite Bruce for additional interviews. I think that he
does not have
the skills required in my unit, but he could contribute in other areas.

Here is the list of potential interviewees:

John Echols
Ted Murphy
Mark Ruane

Vince

Sean Grady@ENRON
07/26/2000 02:17 PM
To: Grant Masson/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, David
Port/Market Risk/Corp/Enron@ENRON
cc: Toni Graham/Corp/Enron@Enron, Shirley Crenshaw/HOU/ECT@ECT, Rita
Hennessy/NA/Enron@Enron, Dorothy Youngblood/HOU/ECT@ECT
Subject: Interview schedule change for Bruce James

Attached please find the interview packet for the above-referenced person.
The interview will happen Thursday July 27, 2000.  Please print all three
documents for your hard copies.  If you have any questions, or conflicts of
schedule, please do not hesitate to contact me.

Sean Grady
58701


Looks good. Why does Jim McCartney think so?


Guys, can you put together the folllowing Portfolio/Charter Review for
Principal Investing and Energy Capital Resources:
 a) detail existing portfolio - winners/losers; additions/deletions and
overall performance;
 b) detail market conditions in your markets and any strategy changes
following;
 c) anticipated major transactions in 2001; and
 d) review charter and detail any proposed changes.

I would anticipate that we sit down with Rick and Jeff at the end of January
- please have package available for my review by mid January.

Regards
Delainey


Bankruptcy in California; Implications for our Growth Energy Names

* We would not sell Energy Merchants/Power Producers on news that PCG
has declared Chapter 11 bankruptcy.
* Ongoing payments in California are being made by the state;
therefore do not anticipate material exposure for ongoing earnings.
* Primary exposure is current receivables: (1) these one-time amounts
are limited (roughly estimate max. of 50% of 2001 earnings); and (2) we
expect that, as trade creditors, they will get high priority in a bankruptcy
proceeding. We think most of these amounts are likely to be recoverable,
although a significant (perhaps several year) delay is possible as these
claimants work their way through the bankruptcy process.
* By our rough estimation, companies with fairly significant one-time
earnings exposure include:  NRG, MIR, DYN, CPN.  Companies with fairly small
exposure include:  ENE, AES, WMB, EPG and DUK.

 <<PCG bankruptcy 4-9-01.pdf>>  <<PCG bankruptcy 4-9-01.doc>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - PCG bankruptcy 4-9-01.pdf
 - PCG bankruptcy 4-9-01.doc


- fla_sec_of_state.jpg


most bullish thing at this point is moving closer to everyone's psychological
$4 price target and that everybody and their dog is still short.  next
sellers need to be from producer community.  saw a little this week with
williams hedging the barrett transaction but wouldnt say thats indicative of
the rest of the e&p community.  short covering rallies will get more common
here.  velocity of move down has slowed significantly for good (except maybe
in bid week).  my concern is if we go to $4 and people want to cover some
shorts, who's selling it to them?  might feel a lot like it did when we were
trying to break $5.


----- Forwarded by Sara Shackleton/HOU/ECT on 09/18/2000 02:19 PM -----

	Mike Fowler@ENRON
	09/18/2000 01:29 PM

		 To: PETEJ@andrews-kurth.com, Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Trading Edge

Could I get an update on the status of the Trading Edge agreement ?

Thanks.

Mike
x39990


I promise to be a perfect gentleman (or as perfect as an Aggie can be).

Clayton Vernon@ENRON
02/17/2000 11:23 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Natasha-

now, now, now-

you're a 38 year-old man, and you're talking about serious issues- marriage
and a family. hey, i'm the biggest kid you'll ever meet, but we're talking
about my wife's best friend here, so pretend like she's my sister or
something.

claybus


I will be down there earlier than that so just give me a call on my cell when
you are coming down.  You might spend a lot of time in line if you go down
that late dude.


1. Steve Radack, Harris County
Commissioner

                2. Joe Nixon,Tex State Rep
3. My brother-in-law is Communications Director for Sen. Ernest "Fritz"
Hollins of South Carolina

Richard Sanders
ECT Asst. Gen. Counsel


The Commercial Group asked several weeks ago whether they can enter into
discount letters applicable to daily firm for as long as one year.  The
standard wording of the discount letter applicable to daily firm is such that
the discount is effective for as many one-day terms as the FTS-1 agreement
renews, but not beyond a specified date.  Typically TW enters into these
discount letters for a term of one month.  The marketers say that they were
once told that they could not make such a discount applicable for longer than
a 3-month term.   I see no basis for this limitation.  The term of the FTS-1
agreement is one day, renewable from day to day.  The discount is only
applicable for so long as the FTS-1 agreement renews.  If the FTS-1 agreement
does not renew, the discount is no longer applicable.  The basis for the
shipper's transportation rights is the FTS-1 agreement.  We are not
guaranteeing a shipper "daily" firm for longer than a one-day term.  The
discount letter merely states that, for so long as the FTS-1 agreement
renews, a particular discount applies, up to a certain cutoff date.
Does this make sense?  I realize you are swamped, but I need to get Steve an
answer so that the marketers know what is acceptable.  Drew and I have
discussed this and he is on board. Thanks.


i think you need to do some bartender training tonight.


Thanks.

	Tana Jones@ECT
	07/25/2000 09:46 AM

		 To: Brent Hendry/NA/Enron@ENRON
		 cc:
		 Subject: Re: EOL

It is in my "forms" subdirectory, called "questionnaire-umbrella re internet
trading1.doc.

	Brent Hendry@ENRON
	07/24/2000 06:05 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: EOL

Tana,
Mark said you may know where the most current form of EOL legal survey
resides in the system.  Any ideas?
Thanks Brent


For our morning meeting.

Zakiyyah McClure
Risk Analytics
xt 58146


We do not have an international tariff rate.  If you have any questions,
please call Paul Borkovich at 244-3691.

-----Original Message-----
From: Cherry, Brian - TPBKC
Sent: Friday, October 22, 1999 1:25 PM
To: 'Jeff Dasovich'
Cc: Wong, Mary S. - TPMSC; Maralit, Nena - TPFXM
Subject: RE: Transportation Across SoCal's System to Mexico

Please forward copies of our Mexico tariff to Jeff.

-----Original Message-----
From: Jeff Dasovich [mailto:Jeff_Dasovich@enron.com]
Sent: Friday, October 22, 1999 12:35 PM
To: Cherry, Brian - TPBKC
Subject: Transportation Across SoCal's System to Mexico

Brian:
Could you please forward me, or direct me to, SoCalGas' tariffs describing
the
rates, terms and conditions for moving gas over SoCal's system into Mexico.
Thank you very much for your help.  Best, Jeff

 - att1.htm


I will be in attendance.  Please advise as to location.  Thank you.

Julie Pechersky
09/08/2000 01:38 PM
To: Rogers Herndon/HOU/ECT@ect, John D Suarez/HOU/ECT@ECT, David J
Botchlett/HOU/ECT@ECT, Phil Clifford/HOU/ECT@ECT, Douglas S
Friedman/HOU/ECT@ECT, Spencer Vosko/HOU/ECT@ECT, John Wilson/NA/Enron@ENRON,
John Arnold/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Jeff
Kinneman/HOU/ECT@ECT, Madhur Dayal/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT,
Pushkar Shahi/HOU/ECT@ECT, William Patrick Lewis/HOU/ECT@ECT, Selena
Gonzalez/HOU/ECT@ECT
cc:
Subject: MEETINGS REGARDING MARKET DATA APPLICATION

IF YOU HAVE NOT ALREADY RESPONDED TO THE MAIL REGARDING THE MEETINGS THAT
WILL BE HELD ON TUESDAY, WEDNESDAY AND THURSDAY OF NEXT WEEK WITH BRIDGE,
REUTERS AND GLOBALVIEW PLEASE DO SO AS SOON AS POSSIBLE.

You should have received a message inviting each of you to a one hour meeting
on each day.  If you have any questions or
concerns regarding this issue please contact me as soon as possible at
x-39225.

It is important that I hear from each of you regarding your attendance at
these events.  We realize that this is a large time committment on your
part,  but your input is essential in the decision making process of choosing
a new front end application for your Market Data needs.

I appreciate your assistance!

Julie Pechersky
x-39225


Bid Week Menu

Friday, October 26th

Breakfast:  Assorted Croissants w/ Fruit
Lunch:  Black Eyed Pea -
                Turkey Dinner or Pot Roast
                served w/ mashed potato's, corn
                rolls and cornbread
                Assorted soft drinks

Monday, October 29th

Breakfast:  Assorted Pastries w/ Fruit
Lunch:  Crumley's -
                Assorted Sandwiches, tortilla soup,
                chips and cookies.
                Assorted soft drinks

Tuesday, October 30th

Breakfast:  Assorted Breakfast Tacos w/ Fruit
Lunch:  Spaghetti Warehouse -
                Spaghetti w/ Meatballs or
                Fettuccini Alfredo
                House Salad and Garlic bread
                Assorted soft drinks

Wednesday, October 31th

Breakfast:  Assorted Croissants w/ Fruit
Lunch:  Post Oak Grill -
                Santa Fe Salad or Grilled Chicken sandwich
                w/ fruit, chips, and cookie
                Assorted soft drinks


Am I begging too much?

Can you mail her package tomorrow?  I meant to ask today, but I got home so
late I didn't get things together.  I put one of Michael's airplane pictures
in there.

If all else fails we can take Michael to Fort Worth.  My mom would love to
watch him as she wants him to be exposed to Fort Worth culture.  (a better
grade of  bean dip).

I'm very excited!!!!

Love,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/05/2000 01:01
PM ---------------------------

Kay Mann
12/05/2000 12:58 PM
To: recordp@southwestern.edu
cc:

Subject: Christmas

Hi,

You must be busy these days.  I remember this time of year - and I don't
really miss it.  Cleaning and exercising were my favorite procrastination
activities.

Neil and I would like to schedule a brief Neil and Kay vacation over the
holidays.  We are looking at December 27-30, so we would be back before New
Year's Eve.  We will pay you handsomely (in cash!!!) for keeping Michael for
those days/nights.  What do you think?  We have found a room at the Inn Above
Onion Creek.  I know Michael would be so excited to spend the time with you.
We can give you guys a generous allowance to make things easier, and you can
drive the Lexus.

Do I sound like I'm begging yet?  I'm working really hard these days, and a
few days of no responsibilities sounds GREAT.

You should start watching your box at the end of the week.  Hope it gets
there before Saturday, since I know the SU post office is closed.

Love,

Mom


Paige Cox,

 One of the traders on my floor (Rob Benson) needs to be setup at home.  What
do I need to do to get this done?

Let me know,
Thank you, Daniel A. Muschar


Dear Shippers,

Attached for your information is an order from the FERC extending the
implementation date to April 1, 2001.

??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? ???????
??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? ??????? Bob
Betonte  <<rp99-507.doc>>

 - rp99-507.doc


Apparently, we have you stumped.  We have received no correct entries for the
trivia quiz in the latest issue of Enron Business Online!  So we've upped the
stakes ) in addition to five randomly drawn winners from correct entries who
will receive Millennium Zippered Padfolios worth $25, we will now also choose
one grand prizewinner.  That winner will receive a $100 gift certificate to
the Signature Shop!

You'll find the latest issue at home.enron.com.  Click on Publications, then
on Enron Business and "Volume 3, 2000".  Also, watch for your print version
to arrive at your home ) to celebrate Enron's 15th birthday this year, we've
included a full-color poster that chronicles the significant milestones in
our history.

In this issue:

? Enron Caribbean power barge drops anchor in Guatemala;
? Enron starts a commodity market in credit risk with EnronCredit.com;
? Enron Argentina's venture begins to bloom;
? Transwestern's fast track solution resolves market bottleneck;
? Enron acquires MG plc, the world's leading independent metal marketer; and
? How WorkLife programs are making Enron the best place to work.
? AND the Enron "Stumpers" trivia quiz, if you're brave enough!


Sarah,
I'll still remain on the RRG and other lists even if I get off this one,
right?  Or is this the new official list.....
Thanks
Margie

----- Original Message -----
From: "Sarah Dennison-Leonard" <sdleonard@EARTHLINK.NET>
To: <RRGA-L@LIST.RTOWEST.ORG>
Sent: Tuesday, May 15, 2001 6:29 PM

> To get off the list, please send an e-mail to: LISTSERV@LIST.RTOWEST.ORG
and
> in the subject line, please put "SIGNOFF RRGA-L"
>
> Thank you!
>
> - Sarah
>
> ----- Original Message -----
> From: "Pyburn, Jack R." <jack.pyburn@MIRANT.COM>
> To: <RRGA-L@LIST.RTOWEST.ORG>
> Sent: Tuesday, May 15, 2001 5:11 PM
>
>
> > I'm not sure how I got on this list, but I'd like to be deleted.
Thanks!
> >
> > Jack Pyburn, Jr.
> > Mirant Americas Energy Marketing, LP
> > 1155 Perimeter Center West
> > Atlanta, GA  30338
> > Phone: 678-579-7443
> > Fax:     678-579-7303
> > Cell:     678-488-0660
> > Email:  Jack.Pyburn@Mirant.com
> >
> >
> > -----Original Message-----
> > From: Dalia, Keith A - TOS-DITT1 [mailto:kadalia@BPA.GOV]
> > Sent: Tuesday, May 15, 2001 7:40 PM
> > To: RRGA-L@LIST.RTOWEST.ORG
> > Subject:
> >
> >
> > You have been added to the RRGA-L mailing list (RTO West Congestion
Model
> > Content Group) by Keith Dalia <kadalia@BPA.GOV>.
> >
> > Please save this message for future  reference, especially if this is
the
> > first time you subscribe to an  electronic mailing list. If you ever
need
> > to  leave the  list,  you  will find  the  necessary instructions
below.
> > Perhaps  more importantly,  saving a  copy of  this message  (and of
all
> > future subscription notices  from other mailing lists) in  a special
mail
> > folder will give you instant access to the list of mailing lists that
you
> > are subscribed  to. This may  prove very useful the  next time you  go
on
> > vacation and  need to leave  the lists temporarily so  as not to  fill
up
> > your  mailbox while  you  are away!  You should  also  save the
"welcome
> > messages" from the  list owners that you will  occasionally receive
after
> > subscribing to a new list.
> >
> > To send  a message to  all the people  currently subscribed to  the
list,
> > just send mail  to RRGA-L@LIST.RTOWEST.ORG. This is  called "sending
mail
> > to the  list", because  you send  mail to a  single address  and
LISTSERV
> > makes  copies  for all  the  people  who  have subscribed.  This
address
> > (RRGA-L@LIST.RTOWEST.ORG)  is also  called the  "list address".  You
must
> > never try to send any command to that address, as it would be
distributed
> > to all the people  who have subscribed. All commands must  be sent to
the
> > "LISTSERV  address",   LISTSERV@LIST.RTOWEST.ORG.  It   is  very
> > important to understand  the difference between the  two, but
fortunately
> > it is  not complicated. The  LISTSERV address is  like a FAX  number
that
> > connects you  to a  machine, whereas  the list address  is like  a
normal
> > voice line connecting you to a person. If you make a mistake and dial
the
> > FAX number  when you  wanted to talk  to someone on  the phone,  you
will
> > quickly realize  that you used the  wrong number and call  again. No
harm
> > will have been done. If on the  other hand you accidentally make your
FAX
> > call  someone's  voice  line,  the  person receiving  the  call  will
be
> > inconvenienced, especially if your FAX then re-dials every 5 minutes.
The
> > fact that  most people  will eventually  connect the  FAX machine  to
the
> > voice line to  allow the FAX to  go through and make the  calls stop
does
> > not mean  that you  should continue  to send FAXes  to the  voice
number.
> > People would just get mad at you.  It works pretty much the same way
with
> > mailing  lists, with  the difference  that  you are  calling hundreds
or
> > thousands of people  at the same time, and consequently  you can expect
a
> > lot of people to get upset if  you consistently send commands to the
list
> > address.
> >
> > You may leave the list at any  time by sending a "SIGNOFF RRGA-L"
command
> > to LISTSERV@LIST.RTOWEST.ORG. You can also tell LISTSERV how you
> > want it to confirm  the receipt of messages you send to  the list. If
you
> > do not trust  the system, send a "SET RRGA-L  REPRO" command and
LISTSERV
> > will send you a  copy of your own messages, so that you  can see that
the
> > message was distributed and did not get damaged on the way. After a
while
> > you  may find  that this  is getting  annoying, especially  if your
mail
> > program does not  tell you that the  message is from you  when it
informs
> > you that new mail has arrived from  RRGA-L. If you send a "SET RRGA-L
ACK
> > NOREPRO" command, LISTSERV will mail you a short acknowledgement
instead,
> > which  will look  different in  your  mailbox directory.  With most
mail
> > programs you  will know immediately  that this is an  acknowledgement
you
> > can read  later. Finally,  you can  turn off  acknowledgements
completely
> > with "SET RRGA-L NOACK NOREPRO".
> >
> > Following  instructions from  the list  owner, your  subscription
options
> > have been set to "NOFILES REPRO" rather than the usual LISTSERV
defaults.
> > For more  information about subscription  options, send a  "QUERY
RRGA-L"
> > command to LISTSERV@LIST.RTOWEST.ORG.
> >
> > Contributions sent to this list are automatically archived. You can get
a
> > list of the available archive files  by sending an "INDEX RRGA-L"
command
> > to  LISTSERV@LIST.RTOWEST.ORG. You  can then  order these  files
> > with a "GET RRGA-L LOGxxxx"  command, or using LISTSERV's database
search
> > facilities. Send an  "INFO DATABASE" command for more  information on
the
> > latter.
> >
> > This  list is  available  in digest  form.  If you  wish  to receive
the
> > digested version of the postings, just issue a SET RRGA-L DIGEST
command.
> >
> > Please note that  it is presently possible for other  people to
determine
> > that  you are  signed up  to the  list through  the use  of the
"REVIEW"
> > command,  which  returns   the  e-mail  address  and  name   of  all
the
> > subscribers. If  you do not  want your name to  be visible, just  issue
a
> > "SET RRGA-L CONCEAL" command.
> >
> > More  information on  LISTSERV  commands  can be  found  in the
LISTSERV
> > reference  card, which  you can  retrieve  by sending  an "INFO
REFCARD"
> > command to LISTSERV@LIST.RTOWEST.ORG.
>


Brent, Andrea and I had a "status" conversation this afternoon.  Brent will
go to Sao Paulo on July 20 to meet with Andrea, Randy and commercial people.
Andrea has requested that you and I go to Brazil after July 28 when the
outside lawyer is back from vacation.  In general, the three of us are
conforming and updating physical resolutions (final and proposed) and
identifying additional research necessary to address the financial trading
issues.  These are related to specific deals originating in Brazil (which are
truly settled financially, e.g., a purported prepay where no physical
commodity was to be delivered) and issues arising here in Houston (e.g., the
Hickerson request for fixed income, FX and equity trading).  Brent will be
discussing pending transaction structures while in Sao Paulo.

It appears  that Brent is the "point person" for dealing directly with the
Sao Paulo office and he will bring me in as necessary (although I will be
dealing frequently with Andrea).


-----Original Message-----
From: 	Westbrook, Sharron
Sent:	Tuesday, September 25, 2001 11:47 AM
To:	Apollo, Beth; Beck, Sally; Belden, Tim; Black, Don; Bradford, William S.; Bryan, Jennifer; Buy, Rick; Carrizales, Blanca; Causey, Richard; Colwell, Wes; Dayao, Anthony; Dietrich, Janet; Heathman, Karen K.; Hinojosa, Esmeralda; Holmes, Sean; Leff, Dan; Presto, Kevin M.; Stubblefield, Wade; Tijerina, Shirley
Subject:	EES/EWS Process Meeting Time Change

For this week only the time for the EES/EWS Process Meeting has been changed.

			Thursday, September 27
			    4:00 - 5:00  (previously scheduled for 3:00 - 4:00)
			    EB3321


Joe,
The Sitara deals need to be updated, with the daily price.   In case you do not have the daily prices, I included the spreadsheet.   I don't have the number for Feb 9-11, 2002.

Thank,
Justin
Justin Fernandez
Enron
justin.fernandez@enron.com
713-345-9398-desk


In today's edition of the Daily Update, Charles Payne, principal analyst
and founder of Wall Street Strategies, explains the so-called January
effect and William Valentine, principal of Valentine Ventures, reviews
his home runs and strike-outs from 2001.

Speaking of the January effect, among the broker reports available for
download, we feature one from Brown Brothers Harriman that also
touches on this phenomenon.

We also remind our members that they have exclusive access to Morgan
Stanley research through the firm's free research trial; today, we suggest
you look at their report on Qualcomm (QCOM), which they rate "strong
buy-volatile."

You can link directly to our research page, which features synopses
of broker and free reports, by clicking here:
http://www.multexinvestor.com/article.asp?docid=5685&nd=0107

***************************************************************
You are receiving this mail because you have registered for
Multex Investor. To unsubscribe, see bottom of this message.
***************************************************************

======================== Sponsored by =========================

Get 10 FREE issues of Investor's Business Daily. More than just a newspaper,
Investor's Business Daily is a unique research tool designed to identify
winning stocks with insightful charts and ratings you can't find anywhere
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==============================================================

Below
--------

- Investment ideas
- Broker and third-party research
- Online advice and chats
- Free and sponsored reports

Investment ideas
-----------------------------------------

1. INVESTMENTOR
Prophetic to pathetic: a year in review
Flagellation and self-congratulation with the benefit of hindsight

By William Valentine, CFA

I'm a corny, traditional kind of guy, especially around the holidays.
Whether it's felling the family Christmas tree in the nearby forest,
enjoying thrice-daily eggnog lattes, or experimenting with a new
pheasant recipe each year, you could almanac my predictability.

This is also the time of year that I lay out my goals, personally and
professionally, for the coming year--which you can't do until you
examine the successes and failures of the prior year. And as long team
readers know, that manifests itself in the form of my third annual
"Prophetic to Pathetic" Review of all columns written, and advice given,
over the last year.

Forty-two columns are a lot to review. But I didn't have to look too far to
find blunders, miscues, and downright pathetic commentary. Going back
to my "2001 Outlook" from last January, in hindsight I was too
optimistic about the economy and market. For the first half of the year, I
believed that we'd actually skirt an official recession. While we'll never
know whether or not we would have avoided one without the impact of
Sept. 11th, we clearly did enter into a recession, and that kept the stock
market's growth retarded.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5669&nd=0107

2. INVESTMENT IDEAS
Five fateful days
Five January days that could determine the course of the year, and four
picks from the guru

By Charles Payne, principal analyst, Wall Street Strategies

After a two-year route that saw the market experience it's worse
performance since 1973-74, investors are going to begin the year hoping
for the best but not forcing the issue. Reluctance to buy this market could
result in a lackluster first week.

The old saying is that as January goes, so goes the rest of the year (in fact
traditionalists say the first five days of the year will determine the
outcome for the rest of the year). I'm not so sure that will be applicable
to the market this year.

Instead, it could be the last 5 days of the month that sets the tone for the
rest of the year. On the 29th, the Fed gathers for the first FOMC meeting
of the year. After 11 rate cuts last year, it will be interesting to see
whether Greenspan and company decide to take the scalpel to rates
again. We think the market has a better chance of making a serious rally
if the Fed chooses to stand pat.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5653&nd=0107

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

Broker and third-party reports
-----------------------------------------

1. INVESTORS' CHOICE: 3-DAY FAVORITE
The 451 discusses Cisco's (CSCO) new focus on the mobile wireless
market.

This report examines IP infrastructure spending, the next-gen
Internet and network architecture layers, Cisco's strategic
alliances and mobile business customer targets, and advanced e-
services and content applications. (2-page report for purchase -
$5)
http://www.multexinvestor.com/download.asp?docid=5676705&nd=0107

2. TODAY'S SPECIAL REPORT
Lehman Brothers discusses positive demand data for satellite radio
service.

In the report, retailer surveys and channel checks, summary
findings, discussion of major players including Sirius (SIRI) and XM
Sat. Radio (XMSR), plus liquidity and leverage analysis, and 41
illustrative tables or figures. (62-page report for purchase - $150)
http://www.multexinvestor.com/download.asp?docid=25909547&nd=0107

3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Brown Brothers Harriman discusses numerous factors that affect
January stock performance.

BBH identifies several reasons to expect a strong January in the
market. The forecasting effect, small-cap effect, and tax-selling rebound
effect are explained. The analysts also touch on positive economic
developments. (7-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25836499&nd=0107

4. THIRD-PARTY REVIEW
Morningstar explains why it sees profitable McAfee.com (MCAF) as a
stock to keep an eye on.

M'Star provides an investment overview of this consumer ASP and
anti-virus product provider. Also, analysis of MCAF's growth,
profitability, financial health, and valuation characteristics, plus bullish
and bearish arguments. (3-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25682515&nd=0107

5. WHAT'S HOT?
Buckingham Research identifies its top retail and apparel picks for
2002.

Buckingham provides an industry overview and explains the
fundamental characteristics of the types of companies investors should
be focusing on. The firm names 16 stocks from the retail and accessory
space it would buy. (2-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25883693&nd=0107

======================== Sponsored by =========================

The Telecomm Analyst: Wall Street's daily and weekly industry outlook

Multex's The Telecomm Analyst features daily telecommunications-industry
specific research highlights, investment ideas, analyst opinions, portfolio
strategies: http://www.multexinvestor.com/Analysts/HomeTTA.asp

To be sure you receive your TTA newsletter every week, click here:
http://www.multexinvestor.com/login.asp
==============================================================

Online advice and chats
-----------------------------------------

1. ASK THE ANALYST
PowerPlusOptions.com's Victor Schiller discusses how to
successfully hedge stock purchases.

Using an example involving Microsoft (MSFT), Schiller explains
how selling out-of-the-money covered call options helps mitigate the risk
involved with being long stocks. You can ask him your questions
regarding options until Mon. Jan. 7. Ask the analyst.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0107

Try our PowerOptionsPlus FREE Trial NOW! The Best Way To Find,
Compare, Analyze, and Make Money On Option Investments...And it's
Guaranteed. Click here http://www.poweropt.com/mtx1

2. ASK THE EXPERT
Insurance.com's Ronald E. Newton discusses life insurance coverage
issues brought up by divorce.

Newton explains the importance of reviewing insurance coverage in the
midst of divorce to protect loved ones should catastrophic events occur.
Do you have all the coverage you need? He can take your questions until
Thurs., Jan. 10. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0107

Free and sponsored reports
-----------------------------------------

1. FREE RESEARCH REPORT
Robert Baird & Co. discusses the energy and utility markets.

Baird analysts provide sector commentary, including fallout from the
Enron (ENE) situation, recent sector news, a weather analysis, and stock
rating guide. This 38-page report, which usually sells for $75, is free to
members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25904662&nd=0107

2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $90 price target for "strong buy-volatile"-rated
Qualcomm (QCOM).

The firm recommends the QCOM to investors with a long-term
investment horizon and a high tolerance for risk. Read why the firm is so
high on the stock, and what caveats it issues, by registering for the firm's
free research trial.
http://www.multexinvestor.com/download.asp?docid=4708130&sid=8&nd=0107

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ideas, experts, and info about the Internet and telecommunications
sectors. To see this week's issue,
click here:
http://www.thetelecommanalyst.com/ or
http://www.theinternetanalyst.com/


If Suzy were married this might be applicable to her last Friday nite . . .

  > Two buddies, Tony and Steve, are getting very drunk

  > at a bar

  > when suddenly Steve throws up all over himself. "Oh,

  > no. Now Jane will

  > kill me!"  Steve says.

  >

  >  Tony says, "Don't worry, pal. Just tuck a twenty in

  > your breast

  >  pocket, tell Jane that someone threw up on you and

  > gave you twenty dollars

  > for the dry cleaning bill."

  >

  >  So they stay for another couple of hours and get

  > even drunker.

  >

  >  Eventually Steve rolls into home and his Jane

  > starts to give him

  > a bad time. "You reek of alcohol and you've puked

  > all over yourself! My

  > God, you're disgusting!"

  >

  >  Speaking very carefully so as not to slur, Steve

  > says,

  >  "Nowainaminit,

  >  I can e'splain everything! Itsh not what you think.

  > I only had a

  > couple drinks. But this other guy got sick on me...

  > he'd had one too many

  > and he just couldn't hold his liquor. He said he was

  > very sorry an' gave

  > me twenty bucks for the cleaning bill!"

  >

  >  Jane looks in the breast pocket and says, "But this

  > is forty bucks."

  >

  > "Oh, yeah... I almos' forgot, he shit in my pants,

  > too."

Regards,

Kevin A. Boone
Accenture--Houston
(Octel) 713.837.1638
(Client) 281.848.1619
(C) 713.306.7940
(H) 713.864.4149
Kevin.A.Boone@accenture.com

Our web address is http://www.accenture.com


yes

	Linda Robertson
	03/01/2001 07:47 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Senator Feinstein

Apologized that she could not meet with Steve yesterday.  She would like to
have this meeting.  She asked that we schedule this for your next trip to
DC.  I think we should do this meeting soon.  Do you want me to get on her
calendar and then build a day of meetings around her meeting?  Or wait until
you are otherwise back in town?


here is the attachment.
----- Original Message -----
From:  Dave  Walden
To: Glenn  Smith ; George Postolos ; Dale  Laine ; Bill Miller ;
mikeb@baselice.com ; Margie  Becker
Cc: Ken Lay ; Don Jordan
Sent: Wednesday, October 25, 2000 1:22  PM
Subject: opponents TV script

Here is the text of their spot. Attn: PSI, dub  will arrive tomorrow.
 - Arena opponents script TV.doc


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 01/17/2001
04:21 PM ---------------------------
From: James D Steffes@ENRON on 01/15/2001 10:22 AM
To: Laura Luce/Corp/Enron@Enron, Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Crain's - January 15, 2001

FYI.  Some interesting articles on Chicago natural gas issues.

Laura - I am in the office on Tuesday.  Would you like to talk about these
matters?

Jim

----- Forwarded by James D Steffes/NA/Enron on 01/15/2001 10:19 AM -----

	Susan M Landwehr
	01/14/2001 10:52 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Harry Kingerski/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, Roy
Boston/HOU/EES@EES
		 Subject: Crain's - January 15, 2001

Jim--please take a look at these articles that will come out in the Crains
magazine tomorrow.  You'll see that there are both opportunities and potholes
for us on this issue.    It is very likely that we will get sucked into this
debate----the ENA/ Peoples deal which has generally floated under the
regulatory radar in the past is inevitably going to become more prominent.
(Evidence even before these articles is that I received a call from the ICC
staff late last week asking if we could participate in an ICC meeting on
natural gas issue on Jan 23).

The articles (and the gossip that I have heard in the past few weeks) point
out that Peoples is in hot water politically--I would hate to see us dragged
into that sesspool.  On the other hand, if ENA sees significant business
opportunities that could be opened up to them in Illinois by a change in the
regulatory climate, this could be the time to make the play....while the
issue is hot and there may be pressure on the ICC to take some steps that
they normally would not.

I'd appreciate it if we could plan a call to talk about strategy on
Illinois.  I am going to have to give a response to ICC on Tuesday and we
will need to determine who would particpate in the meeting at the ICC.  Roy
and I had put in a call to Laura Luce last Thursday to discuss the request
from the ICC...I have not heard back from her, but Roy may have.

Are you available on Tuesday for a conference call?

----- Forwarded by Susan M Landwehr/NA/Enron on 01/14/2001 10:32 AM -----

	"Fein, David I. - CHI" <david.fein@piperrudnick.com>
	01/13/2001 06:03 PM

		 To: "'Susan_M_Landwehr@enron.com'" <Susan_M_Landwehr@enron.com>,
"'rboston@enron.com'" <rboston@enron.com>
		 cc: "Townsend, Christopher J. - CHI" <chris.townsend@piperrudnick.com>
		 Subject: Crain's - January 15, 2001

Sue & Roy -- We thought that you would find the attached articles regarding
the high natural gas prices in Illinois to be of interest.

To solve gas bill crisis, turn heat up on Peoples
Crain's Editorial - January 15, 2001
Considering the finger-pointing that's going on between politicians,
regulators and Peoples Energy Corp. executives, one thing is becoming
obvious: Fixing blame for the recent astronomical rise in natural gas prices
is much simpler than fixing the problem.
Nonetheless, all of these factions bear some responsibility for this
winter's monthly home heating bills, which, for many residents, are soaring
by hundreds of dollars over last winter's tabs. Each of these groups should
be held accountable for working to devise systems and strategies designed to
blunt future price spikes.
Make no mistake about it, this crisis will not melt away with the spring
thaw. Limited natural gas supplies and increased demand will continue to
pump up bills, rattle price stability and, along with other climbing energy
rates, become the economy's unwelcome "X" factor.
The weight of dealing with these pressures rests with the utilities,
especially Peoples Energy, the city's natural gas provider. To start with,
the utility's management must protect customers by anticipating escalating
demand, hedging risk and locking in gas prices when it can.
These are common business practices, used by corporations and even some
conservative utilities. In Michigan, for example, gas providers charge fixed
rates to customers and hedge their risk by purchasing gas years in advance
under long-term supply contracts. Right now, Michigan pays 29 cents per
therm, compared with the Chicago area's whopping 98 cents.
Peoples argues that it tried to lock in prices but was shot down when it
could not reach an agreement with the Illinois Commerce Commission (ICC),
which regulates the utility, on what the fixed rate should be. In walking
away from the deal, Peoples left customers with the current rate system and
dumped the burden of price fluctuations onto them.
In essence, instead of managing risk, it put its customer base at risk.
Considering that decision and the subsequent fallout, critics are asking
whether Peoples, a regulated monopoly designed to profit from the public's
needs, is acting in the best interest of its customers. Those paying heating
bills - which in some cases are as much as 300% higher than last winter's -
are right to say no, as is Mayor Richard Daley, who's outraged at Peoples.
More troubling are concerns that Peoples management may not be up to the
challenge of resolving this crisis, especially if its recent handling of the
political fallout is an indication. The company acts as if the public has no
right to question its tactics or motivations. And when the Chicago City
Council held a public hearing about the heating bills issue last week,
Peoples Energy Chairman Richard Terry didn't show up.
At these prices, it's not asking too much for the chairman of the gas
utility to explain his company's position. That's not a job meant for a
public relations executive or a consultant, who were among the Peoples
advocates who actually did attend the council hearing.
The ICC shoulders its share of the blame, too. It should have more zealously
monitored the gas supply situation and the utility's plans. Now, the
commission is playing catch-up by holding an investigation into what Peoples
knew about the soaring gas prices and when it knew it.
Let's get an answer to that important question and find out once and for all
if there is price-gouging going on.
Just as critical, however, is the need to foster a statewide regulatory
environment that encourages gas utilities to use more hedging, storing and
price-control strategies. If there is any ambiguity in state law about the
utility's ability to do this, then the General Assembly should change the
rules and open up the process.
Peoples management, regulators and politicians must get beyond the blame
game and find a way to better insulate the public from surprise spikes in
energy prices.
Otherwise, we're all just burning money.

Gas flare-up gives city hot idea: Become a utility
But co-ops mean high risks, mild rewards

Utility man: William Abolt, head of Chicago's Department of the Environment,
is examining ways to cut residents' natural gas bills. One option: opening a
city-owned buying co-op. Photo: Steve Leonard
January 15, 2001
By Steve Daniels <mailto:sdaniels@crain.com>
It's easier said than done.
That's something an angry and frustrated Mayor Richard Daley is about to
learn as his staff begins investigating plans to take on some gas-purchasing
duties on behalf of city residents.
Mr. Daley is livid over what he contends is Peoples Energy Corp.'s failure
to anticipate the rising cost of natural gas, to mitigate a huge run-up in
residents' monthly heating bills this winter. He thinks the city can aid
bill-payers, and punish Peoples, by developing a system that will funnel
lower-cost gas to ratepayers.
But the track record of other municipal gas utilities, or buying
cooperatives, shows that such a system isn't likely to achieve more than
modest rate savings unless the city is willing to take on significant
financial risks.
To protect against the kind of price spikes that have hit customers this
winter, the city would have to buy futures, or long-term contracts, that
could leave it exposed if prices were to decline substantially.
In addition, the city would have to contend with thorny issues such as the
collection of overdue bills and potential cutoffs of service to non-paying
customers - activities for which municipalities are ill-suited.
Despite the risks, utility critics contend that city intervention is
appropriate.
"It's a creative approach, and we need those," says Martin R. Cohen,
executive director of the Citizens Utility Board, a consumer watchdog group.
"These are extreme times, and innovative approaches are called for."
Most municipalities that have gotten into the gas-buying business have been
unwilling to enter into long-term, fixed-price contracts that can shield
consumers against the sort of price spikes that have sent this year's
home-heating bills soaring nearly 300% compared with last year's. That's
because such arrangements can boomerang on customers, locking them into
higher-than-market gas costs if prices fall.
New York experience
"We wrestled with this: Should government really be in this business?" says
David Fountaine, village administrator in Hamburg, N.Y., a suburb of Buffalo
that formed a buying group for its residents in April 1999. "In our case, by
being in it, we've helped our residents."
Hamburg and nearby Sloan, N.Y., together hired a unit of Texaco Inc. to
supply gas to residents who signed up for the communities' program. New York
opened its natural gas market to competition five years ago, so residents
can choose either to remain with their gas utility or select an outside
marketer.
About one-third of Hamburg's 3,300 households buy gas from the village.
Those residents' gas bills last winter were 8% lower than the bills of
households that stayed with Buffalo gas utility National Fuel Gas Co. Last
month, when gas prices shot up, the village's price was 15% lower than the
utility's.
But Mr. Fountaine says the village takes no outsized risks, making no
long-term bets on the direction of gas prices. Rather, it simply relies on
its contractor to manage gas supplies as efficiently as possible.
Chicago officials are looking at programs like the one in the Buffalo area,
but also may be willing to take bigger risks to achieve greater savings.
"We know there are a lot of relatively new risk-management techniques being
used by large (natural gas) consumers," says William Abolt, commissioner of
the city's Department of Environment. "We want to know, what does the
industry do to manage (price) risk? That's what the reasonable company does,
but that's not what the local gas company does."
City officials need look no further than Downstate, where the Illinois
Municipal Gas Agency buys natural gas on behalf of 20 communities that
provide monopoly gas service to their residents. Last September, the agency
locked in prices for 50% to 75% of their customers' winter gas needs,
rolling with the market for the remainder.
That strategy is serving the agency's customers well. They're paying around
70 cents per therm - the measurement the gas industry uses for billing -
this month, compared with the 98 cents per therm that Peoples is charging
Chicago-area customers.
"There's no reason why investor-owned utilities couldn't do the same thing,"
says John Bell, the Municipal Gas Agency's general manager. "I think (a city
program) is a viable alternative if they don't like what they've got."
For its part, Peoples supports the city's desire to become involved in the
market. The move poses no threat to the utility because it doesn't profit on
gas purchases and still would make money on the delivery of the gas to
customers.
Meanwhile, the city is just beginning to consider alternatives. Although Mr.
Abolt says no system will be developed in time to help Chicagoans during
this trying season, a program most likely will be launched next winter.
Weighing the risks
The city's top priority will be to help low-income residents most vulnerable
to escalating heating bills, but all Chicago residents might be able to
choose between the city's program or remaining with Peoples. And one
possibility being considered would enable residents to choose either a fixed
price for gas before winter starts or rates that rise and fall with the
market.
While a fixed-price approach certainly looks good in hindsight right now, it
can have a downside if not managed properly.
In the Buffalo area, the two major private gas marketers offering fixed
prices to households recently dropped out of the residential market, forcing
some 23,000 customers to scramble back to the local utility for gas service.
To meet the unanticipated demand, the utility was forced to purchase gas on
the sky-high spot market.
It just such risks that Chicago officials are weighing. Says Mr. Abolt:
"This is not an overnight thing. You don't just snap your fingers and it
happens."

David I. Fein
Piper Marbury Rudnick & Wolfe
203 N. LaSalle Street
Suite 1800
Chicago, Illinois  60601
(W) 312-368-3462
(F) 312-630-7418
e-mail:  david.fein@piperrudnick.com

PLEASE NOTE THAT MY E-MAIL ADDRESS HAS CHANGED TO REFLECT THE MERGER OF
PIPER & MARBURY AND RUDNICK & WOLFE

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


Cheryl Kuehl - 39804 - will call if she gets topic


Please forward your email to the RAC group requesting the opening of this account.  Thanks. Sara

-----Original Message-----
From: Doukas, Tom
Sent: Tuesday, October 02, 2001 11:34 AM
To: Shackleton, Sara
Cc: Heard, Marie
Subject: FW: Prime Brokerage Clearance Services Agreement

I have another one for you guys.  I do not anticipate any urgency on this, but would still like it out of the way.

Thanks,

Tom

-----Original Message-----
From: Grice, Regan [mailto:regan.grice@funb.com]
Sent: Tuesday, October 02, 2001 11:10 AM
To: Doukas, Tom
Subject: Prime Brokerage Clearance Services Agreement

Mr. Doukas:

On September 27, we opened a prime brokerage account in the name Enron
Credit Inc. Bear Stearns is acting as Prime Broker on this account, and
First Union Securities, Inc. is executing your securities. The SEC requires
the Clearing Broker (us) to have the attached agreement on file for our
prime brokerage clients.

If you would be so kind as to have this agreement signed, I would greatly
appreciate it. If you have any questions, you can call me at 704-593-7024.
Once it is completed, it can be faxed back to my attention at 704-593-7032.

Thank you and best regards,

Regan Grice
First Union Capital Markets, Documentation
Phone: 1-800-735-1470 or 704-593-7278
Fax: 704-593-7032

 <<Enron Credit 151.doc>>


Our contact has been Magnus Ward, and he is looking to get in touch with someone.

Magnus Ward
Securities Finance
SEB Merchant Banking
Telephone: +46 8 506 23310,
Mobile: +46 70 772 3310, Telefax: +46 8 611 3690
Address: Kungstr?dg?rdsgatan 8, SE-106 40 Stockholm

I emailed him and let him know we wanted to see their list of trades and calculation methodology.


Louise,

I was doing a last pass through these documents, when I noticed that the last sentence of the 2nd to last paragraph contains something similar to what you had removed from the ETA: "UBS may give Counterparty's name to potential product providers as a prospective counterparty". This wording was changed in the PA in Sept. so was not redlined in the changes you and I reviewed earlier.

I'm OK with this staying in. Please let me know if you want it removed.

Dave

 -----Original Message-----
From: 	Carter, Carl
Sent:	Tuesday, January 22, 2002 11:40 AM
To:	Taylor, Mark E (Legal); Forster, David; Shults, Bob
Cc:	Shah, Kal; Bess, Erica; Mandola, Teresa; Lees, Lisa
Subject:	Final PA and ETA

Please review the attached PA and ETA. These are the final versions of the documents that we plan on using. The PA might go out to the top 50 customer as early as this afternoon. We are preparing the UBSWenergy 'splash page' and will upload this version of the ETA unless otherwise advised.
The entity is officially named UBS AG, London branch (collectively "UBS") and the Website is UBSWenergy.com. If you are not in agreement with this, please advise ASAP.
I encourage everyone to read both of these documents very carefully. I have looked them over several times and everything looks to be in order but your 'fresh' review is appreciated.
Thanks.
Carl

Carl M. Carter
EnronOnline LLC
713-345-3854 (Tel)
713-504-0963 (Cell)
713-646-2126 (Fax)
carl.carter@enron.com


Here is a draft of the Master for Corn Products.

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


Here is the G&A Expense worksheet to use as a guide for next year's budget.  I've tried to put as many notes into your assumptions as I could find.  For the 2002 plan, I already input salaries adjusted for merit increases (4.25%) and special pays.  Please update the rest of the 2002 plan column and enter all assumptions used to calculate the amounts.  Some examples of assumptions are if you know you are going to attend certain conferences, have a customer outing, plan travel expense per employee, or add additional headcount.  If you could please complete this and send back to me by the end of the week, it would be greatly appreciated.  If you have any questions, please let me know.

Thanks,
David Vandor
713-853-6306


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/03/2000
03:45 PM ---------------------------

Ina Rangel
11/03/2000 11:53 AM
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL

Phillip,

Here is your hotel itinerary for Monday night.

-Ina
---------------------- Forwarded by Ina Rangel/HOU/ECT on 11/03/2000 01:53 PM
---------------------------

SHERRI SORRELS <ssorrels_vitoltvl@yahoo.com> on 11/03/2000 01:52:21 PM
To: INA.RANGEL@ENRON.COM
cc:
Subject: ALLEN DURANGO HOTEL ------- 48 HR CANCEL

                                                   SALES AGT: JS/ZBATUD

                                          ALLEN/PHILLIP

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  INA RANGEL X37257

  DATE:  NOV 03 2000                   ENRON

HOTEL                 06NOV DOUBLETREE DURANGO
                      07NOV 501 CAMINO DEL RIO
                            DURANGO, CO 81301
                            TELEPHONE: (970) 259-6580
                            CONFIRMATION: 85110885
                            REFERENCE: D1KRAC
                            RATE: RAC USD 89.00 PER NIGHT
GHT
                            ADDITIONAL CHARGES MAY APPLY

                                        INVOICE TOTAL                  0

THANK YOU
***********************************************
**48 HR CANCELLATION REQUIRED**
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
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Association for Financial Professionals

____________________________________________________________
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Economist.com.  If you wish to discontinue receiving third party messages,
simply reply to this email with the word UNSUBSCRIBE in the subject line.
Please be sure to use "reply" (rather than composing a new message), so that
we may properly handle your request.


great idea!!!!

Kimberly Bates
04/23/2001 01:05 PM
To:	Sandra F Brawner/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Vladi Pimenov/NA/Enron@Enron, Chris Germany/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON, Scott Hendrickson/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Tammi DePaolis/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT
cc:
Subject:	Babies!,Babies,Baibies

I think it would be a good idea for us to have one shower for everybody.  So I will be taking donations, so I can buy the gifts this weekend.  The gifts will be for Craig, Vicki and Pete.  The shower will be Tuesday @ 4:00, Eb 32c2.

Thanks

K-


Daren,

I am trying to make up the gas for ENA deals on meter 1552,8024,1062, (deals
240061, 378904, 394489, 487588).  Per Anita, these need to be kept whole.  I
have the option of a buyback or swing on 1373....but, there is not enough gas
at meter 1373 to do this.  Please let me know if there is another way I can
achieve this.

Thu
---------------------- Forwarded by Thu T Nguyen/HOU/ECT on 03/14/2001 01:11
PM ---------------------------
Aimee Lannou   03/14/2001 12:36 PM

To: Thu T Nguyen/HOU/ECT@ECT
cc:
Subject: Re: deal 34342

Daren's response.

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 03/14/2001 12:36
PM ---------------------------

Daren J Farmer
03/14/2001 12:30 PM
To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Re: deal 34342

We have a buyback under HPL (#586534).  ENA had only 7,000/day scheduled at
mtr 1373 in Feb.  In reviewing the daily volumes in POPS, I didn't see any
days with flow under 18,000.  So, we should not need a buyback for ENA.  Any
shortages should be allocated to the HPL ticket.

D

Aimee Lannou   03/14/2001 11:03 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: deal 34342

Daren - Thu has asked if I can extend deal 343421 thru Feb. '01.  I told her
I didn't have the authority to do this.  It is for Equistar.  It looks like
it is a term deal expiring Jan. '01.   She wants it added to keep the ENA
deal whole.  What do you suggest?

AL
---------------------- Forwarded by Aimee Lannou/HOU/ECT on 03/14/2001 10:58
AM ---------------------------
To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Re: deal 34342

Aimee,

This is the deal for Equistar.  There is not enough gas at meter 1373 to keep
the ENA deal whole.  I need this deal to create buyback.  This was out there
last month and Anita told me to get the deal extended.  Let me know if there
is another way.

Thu

Aimee Lannou   03/14/2001 10:23 AM

To: Thu T Nguyen/HOU/ECT@ECT
cc:
Subject: Re: deal 34342

Why do you need it extended?  This deal may not be able to get extended.
Which meter are you having problems with?

To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Re: deal 34342

Aimee,

I am so sorry...I don't know what's wrong with me.  The deal is 343421.  If
you can't extend this deal please let me know.  Thanks

Thu

Aimee Lannou   03/14/2001 07:59 AM

To: Thu T Nguyen/HOU/ECT@ECT
cc: Edward Terry/HOU/ECT@ECT, Juliann Kemp/ENRON@enronXgate
Subject: Re: deal 34342

I don't have access to this ticket.  It is an IM Canada ticket.

	From:  Thu T Nguyen                           03/13/2001 05:45 PM

To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: deal 34342

Aimee, please extend the deal above to Feb 01.


If you can keep your head when all about you are losing theirs,
 it's just possible you haven't fully grasped the situation.


rent tix


hi.. marty works on admin stuff.. chuck davidson is the portfolio manager

From: Sara Shackleton@ECT on 04/26/2001 10:24 AM
To: Caroline Abramo/Corp/Enron@ENRON
cc: Fred Lagrasta/HOU/ECT@ECT

Subject: Re: hedge funds

Caroline:

Your email is the first I've heard of Arthur Amron as legal counsel.  Do you
have his email address?
Also, who are Marty Lifgren and Charles Davidson at Wexford who received our
documents?  Are these individuals traders?

I will let you know who my backup will be.

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

	Caroline Abramo@ENRON
	04/26/2001 10:05 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Fred Lagrasta/HOU/ECT@ECT
		 Subject: Re: hedge funds

i gave you inside counsel for valentis / cd- arthur amron 203 862-7012.. ok-
i guess i will have to get everything done monday and tuesday.. i am out from
the 3-11 as well.. who can i have the rest of the team direct inquiries to in
your absence.. frank?

thanks,
ca

From: Sara Shackleton@ECT on 04/26/2001 09:33 AM
To: Caroline Abramo/Corp/Enron@Enron
cc: Brent Hendry/NA/Enron@Enron, Paul Radous/Enron@EnronXGate, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol St Clair/HOU/ECT@ECT

Subject: hedge funds

Caroline:

You should have already seen the two ISDA's (Valentis, CD Holdings) emailed
yesterday evening per your instructions.  I am still waiting for you to send
information regarding inhouse/outside legal counsel for both parties.

The Schedule and Paragraph 13 sent to Valentis et al is very much like the
hedge fund template which legal is refining.  We are reviewing the first
draft and commenting.

FYI - I will not be in the office on Friday, April 27.  Also, the Enron legal
conference is next week and the lawyers will be in San Antonio from May 2
(afternoon) through May 4.  And finally, I will be on vacation during the
week of May 7 - May 11.  Please try to make plans (conference calls,
counterparty comments, etc.) accordingly.

Let me know if you have any questions.

Thanks.

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


DELIVERY   (MMBtu per day)
 =========   =============

 July,2000    6,000
 August, 2000    3,000
 September, 2000    3,500
 October, 2000    4,500
 November, 2000    4,500
 December, 2000    7,500
 January, 2001    7,500
 February, 2001    6,000
 March, 2001    5,000
 April, 2001    4,000
 May, 2001    3,000
 June, 2001    3,000
 July, 2001    2,500
 August, 2001    3,000
 September, 2001    3,500
 October, 2001    4,500
 November, 2001    4,500
 December, 2001    7,500
 January, 2002    7,500


Julie Gomez indicated to me that Patrick Locke would prefer, if we agree, to
have his payment delayed until January (he's already made too much money this
year).  He would be willing to live with 2% interest on the delay.  I assume
we are agreeable, but let's talk on Monday.

Tyrell Harrison
303 575 6478


Hey, I just undid what I did because the deal already exist under ENA -
Market East.

Thanks dude!

To: Chris Germany/HOU/ECT@ECT
cc: Crystal Hyde/HOU/ECT@ECT
Subject: Re: CNG deal

Chris,

Do us a huge favor and move that to a ENA - Market East ticket.

Thanks!

Dave

Chris Germany
03/27/2000 10:54 AM
To: David Oliver/HOU/ECT@ECT, Crystal Hyde/HOU/ECT@ECT
cc:
Subject: CNG deal

Hi Team!  I just extend CNG deal 116090 through 1/31/2001.


Hey!  I hope you are having a good day.  I hate that I missed you last
night.  We had a good time at the game.  The seats we had were on the floor
behind the basket on the visiting team's side of the court.  We were all
drinking and acting a fool so the cameraman put us up on the big screen.  A
few of us went out after the game, so I am pretty tired today.  Being the
alcoholic that I am, you know I couldn't just have one drink (ha ha).

I didn't want anything special.  I just wanted to catch you before you left
Be careful, and I'll talk to you tonite.

See you soon,

E.L.M.


Under section four it shows where we cashed Account 6&7 to pay Mary.  It
shows
entire balance but we only paid out $40,000.

Next question, we moved the money out of Dad's IRA's prior to death,  so we do
not have to show this right.


FYI, I will show you how to work this spreadsheet, just call this guy and tell him what you are going to name the file and why.  Tell him it is like Brian Gillis' file in Canada.  He needs to know the prefix you are going to call the file and then you attach the current date in the MMDDYYYY format.
Thanks.
PL

 -----Original Message-----
From: 	Gillis, Brian
Sent:	Monday, October 15, 2001 3:12 PM
To:	Love, Phillip M.
Subject:	Here is a sample of the spreadsheet

Note that you must also get Wei Hu to set it up so that it will accept the spreadsheet - he will need a name that you will use - an example is CAND_ED10122001.xls


---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/01/2000 05:51
PM ---------------------------

Jeff Dasovich
09/01/2000 05:31 PM
To: jdasovic@enron.com
cc:
Subject: Possible Messages on Legislation in California

Here's an attempt at being frank about the legislation without jeopardizing
our relationships or commercial prospects.

Overall, we respect the effort, but California failed to get the ball over
the goal line:

On Siting
Intentionally or not, California has designed power plant siting laws that
make it excruciatingly difficult to construct power plants in the state.
Folks seem to have lost sight of the need to balance growth and environmental
quality in California.
That's why nothing's been built in the state for a decade and developers are
going outside the state to build power plants.
Tinkering around the edges won't help; and (with all due respect) the
legislation passed yesterday tinkers.
Real reform is required if California hopes to build the supply necessary to
keep pace with Silicon Valley and a high tech culture and tame the price
spikes.
If developers continue to have to navigate through a maze of a half a
dozen--or more--state and local agencies, California's supply problems will
continue, or worsen.
California needs real, one-stop shopping and it needs it now.

On the retail price cap
They don't work (we've already developed all the arguments, so I won't repeat
them hear)
The press has already reported that the measure the Legislature passed simply
puts off the day of reckoning.
It's like using your credit card--eventually they're going to knock on your
door to collect.
Now, families and businesses will have a hard time managing their budgets
because they can't gauge the size of the balloon payment they'll face a
couple of years down the road.
So San Diegans who continue to take service from SDG&E will pay the same
amount, but the cap will remove the powerful incentive prices create to use
electricity wisely--bad solution.
There's a better answer:
Instead of urging consumers not to switch, encourage customers to sign with
another retail provider.
Clearly, the biggest mistake California made was neglecting to establish a
retail market in its restructuring legislation.
Urging customers to stay with the utility made matters worse, given the
volatility of the Power Exchange. (Variable rate mortgage story.)
But some customers who did switch and who took a fixed-price deal with
companies like ours are doing very well.
But for the press reports, the customers who switched to those deals hardly
know there's a crisis.
So California needs to follow's Pennsylvania's lead and make a market that
works for retail customers.
If the price spikes in the PX worry you, the best way to protect yourself is
to leave the utility and switch to another provider who's willing to take on
that risk on your behalf.
Remove the monopoly that California originally granted to the PX.
Just like the customers who switched, the utilities could have bought
fixed-price power and protected themselves from the PX's price volatility.
But for some crazy reason, California forced the utilities to buy everything
from PX.
And the utilities have complained about it---even former monopolies don't
like buying from a monopoly.
Let the utility buy from any competitive source available.
Don't meld the PX with the ISO---that would simply re-enforce the PX monopoly
and make a bad situation much worse.
Make California's ISO a for-profit "Transco," like we have in our interstate
gas pipeline system
[[I leave this last recommendation as food for thought.  May be too much to
bite off.]]

Have a good holiday.

Best,
Jeff


Rod:
Do you and Diana have a copy of the ISDA master between ENA and Kaiser?  If
not, here is a summary of some of the Kaiser credit related provisions:

 1. $30,000,000 cross default threshold

2. MAC Event of Default - As to Kaiser, a MAC occurs if either an Event of
Default occurs under the 2/15/94 Credit Agreement with BankAmerica or its
credit rating drops to B- or below by S&P and B3  or below by Moody's.  In
each case, if they deliver collateral, no Event of Default occurs.

3. Collateral Threshold equal to ENA's Net Exposure which goes to zero if a
MAC occurs and there is a failure to deliver collateral within 90 days or an
Event of Default occurs.

4. $1,000,000 rounding amounts

With respect to setoff rights, I spoke with David Mitchell about this and if
it turns out that both types of swap transactions are done with the same
Kaiser entity but different Enron entities and the metals ISDA has
appropriate setoff language, then we feel fairly comfortable that upon a
Kaiser bankruptcy filing in the US, we would be able to exercise setoff
rights.

What is the next step?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Roderick Nelson/Enron@EUEnronXGate
	05/25/2001 09:15 AM

		 To: Carol St Clair/HOU/ECT@ECT, Diana Higgins/Enron@EUEnronXGate
		 cc:
		 Subject: RE: Kaiser

Hi Carol.  Great to hear from you.  I hope all is going well.

Diana Higgins who is a manager (credit) in the metal area will be the
principal credit person.  I would say that Kaiser is a low grade credit and
the contract should be robust with early termination and collateral rights.

 -----Original Message-----
From:  St Clair, Carol
Sent: 25 May 2001 15:02
To: Nelson, Roderick; Simons, Paul
Cc: Shackleton, Sara
Subject: Kaiser
Importance: High

Rod and Paul:
I have checked the ISDA between Kaiser and ENA and it has our standard setoff
language which permits setoff of amounts owed by or to the Non-Defaulting
Party and its Affiliates against amounts owed by or to the Defaulting Party
under the ISDA and other agreements.  Please call me once you have located
the Metals agreement as Greg indicated to me in a voice mail that he needs an
answer this morning.

Rod,
If we get comfortable on the legal side with this arrangement, are there
other credit issues that need to be considered?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


i hate the black swan.  i think we might go downtown sat.  i will give you a
call