Brad/Alan -

Pursuant to our discussion last week, attached is a revised version of the
Annex for Confirmation Central.  I have incorporated all of the comments we
discussed and modified certain other provisions to more accurately reflect
activity within the Module.

I have discussed the attached with Jeff Hodge and, at least initially, do not
believe that any further information is needed for confirmation attachments
for natural gas products.  Jeff will confirm this for me once he has
completed his review of the agreement.  I also am awaiting Leslie's comments
to the document.

I have a call out on the timing for retention of the information through the
Module (Section 4(c)), however, since this is not intended to be a complete
records retention period, the timing associated with the access in this area
may be something more so driven by availability of space within
CommodityLogic's database.

Please look over the attached when you have a chance and let me know if you
should have any further comments or questions.

I will be out of town on Thursday and Friday, but will have access to e-mail
on both days.  I will also be getting voice messages during that time.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Mona and I plan to be in Sacramento tomorrow at an AB 1890 Implementation
Group meeting.  I think that Sue also has a conflict.  My thought was to have
someone from the PR firm that Karen has brought on go and report back.  I'm
supposed to give a presentation on gas tomorrow, but it's not a problem for
me to cancel and go to S.D. if we think that it's vital for one of us to be
there in person.   Thoughts?

Best,
Jeff

	James D Steffes
	11/13/2000 08:16 AM

		 To: Susan J Mara/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: FERC Notice of Public Conference in San Diego

Is anyone going?

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/13/2000 08:15 AM -----

	Mary Hain@ECT
	11/07/2000 06:18 PM

		 To: Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com, Richard Sanders,
Susan J Mara/SFO/EES@EES, Mona L Petrochko/NA/Enron@Enron,
jdasovic@ees.enron.com, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Joe Hartsoe@Enron, Sarah Novosel/Corp/Enron@ENRON,
James E Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Harry
Kingerski/HOU/EES@EES, Dennis Benevides, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT
		 cc:
		 Subject: FERC Notice of Public Conference in San Diego

FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/07/2000 04:25 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Jackie Gallagher" <JGallagher@epsa.org>
11/07/2000 02:50 PM

To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<janelle.scheuer@enron.com>, <jeff_brown@enron.com>, <jhartso@enron.com>,
<Mary.Hain@enron.com>, <sarah.novosel@enron.com>, <tom.hoatson@enron.com>
cc:
Subject: FERC Notice of Public Conference in San Diego

Attached is a notice from FERC on a public conference in San Diego on
November 14th regarding the Commission's proposed remedies for California.
The conference is being held primarily to accord an opportunity to the
citizens of San Diego, and others who are unable to attend the Nov. 9th
meeting.
The notice is also available on FERC's website, at www.ferc.fed.us.

Jacqueline Gallagher
Research/Policy Assistant
Electric Power Supply Association
1401 H Street, NW
Suite 760
Washington, DC  20005
202.789.7200
202.789.7201
jgallagher@epsa.org

 - 11-14.pdf


For the first time in 22 years of service for Enron I'm ashamed to admit that I work for Enron!  I have lost all respect for Enron Senior Management and agree with the Financial Analyst when they say that Enron Senior Management can not be trusted.  Ethics and Morals are either something everyone else needs to have except Senior Management or somewhere along the way Senior Management started believing the end justifies the means.  The communication the Employee's have received over the last few years about values such as Respect, Integrity, Communication and excellence must be propaganda intended to get Employee's to believe Senior Management really supported these values so that no one would really notice that their actions represented something just the opposite.

I can not believe that Senior Management lacks the understanding of human nature to totally ignore the fact that if someone does not trust what you have said in the past you should not try and conceal pertinent information in the future.  Then to allow an Enron Spokesperson to speak for Enron with the statement "It's just a balance-sheet issue"  implies to me that this individual does not know what a Balance Sheet or Income Statement is and certainly should not be speaking to the public.  If you are going to play the game of lying, cheating and stealing at least be intelligent enough to present a plausible story.  To use phrases such as it was a hedge against fluctuating values in some of Enron's broadband telecommunications and other technology investments is a complete insult to my intelligence and to the definition of the word "HEDGE".  A hedge by definition implies that the upside and downside exposure has been limited.  It frightens me that we are out asking customers to let Enron help them "HEDGE" their risk when I'm not sure Enron's Senior Management understands what a hedge means?

I'm also confused as to the personal financial involvement of Andy Fastow in the investment vehicle that generated this write down.  I must be confused in that as a Trader Enron has asked me to sign documents declaring that I will not have any personal financial involvement in anything involving the Natural Gas Business.  This must be an example of as my father used to say " do as I say not as I do"? I guess we need to have audits performed of Senior Managements financial interest to insure their actions are as good as their word?

The fact that Senior Management and the ENE Board of Directors knew these transactions were being used to manipulate earnings and the stock price and took advantage of that knowledge to sell their ENE stock options in my opinion is "CRIMINAL".  It provides me no comfort to know that the biggest perpetrators of this fraud have left Enron in recent months.  These individuals have stolen billions of dollars from ENE stockholders and Employees and need to pay the price for such fraudulent activity.  They are set for life, having all the money they could ever need, while Employees and Stockholders have lost their life savings.  You have completely failed at the job you were hired to perform.  If this type of activity would have occurred farther down the organization no one would hesitate to fire the individuals involved and to institute criminal charges.

I for one can not wait until the All Employee meeting next week.  I do not think anyone wants to hear about third quarter results because how could we trust what is said anyway.  Instead I feel you owe the ENE Employee's a thorough explanation of how you failed to perform your responsibilities, what actions are going to be taken and most of all apologize for the job performance to date.


-----Original Message-----
From: 	"Wes Kersey" <wk@transcarriers.com>@ENRON
Sent:	Tuesday, December 11, 2001 2:59 PM
To:	Ward, Kim S (Houston); Harriett and Chase Turk; Donna Michelle Hardee; Donna Swaffer; Terri Sellers
Subject:	FW: Of course dear...

ya'll  enjoy
-----Original Message-----
From: Michael  [mailto:mikedfw@attbi.com]
Sent: Tuesday, December 11, 2001 11:26  AM
To: Allison Sisneros (E-mail); Allison Sisneros (E-mail); Annemarie  (E-mail); ARNETNG (E-mail); Barbara (E-mail); Bob Block (E-mail); Butch Bowlin  (E-mail); Cathy (E-mail); Colleen (E-mail); Dan Healey Maxx (E-mail); David  Barber (E-mail); 'Ed Roussin' (E-mail); 'Emily' (E-mail); George Belk (E-mail);  Jackie (E-mail); JerryGeronimo (E-mail); Kelly Swafford (E-mail); Ken (E-mail);  Larry Goodwin (E-mail); Larry Sanders (E-mail); Lucy (E-mail); Lynn Green  (E-mail); Marie White (E-mail); Marilyn B (E-mail); Mary Ecker (E-mail);  MARY_DELCAMPO (E-mail); Nancykoth (E-mail); Nina Barbre (E-mail); Pamela Calhoun  (E-mail); Regina Sanders (E-mail); Robin (E-mail); Roger Koch Legget (E-mail);  Sam (E-mail); Shawn O'Connor Maxx (E-mail); Sue B Maxx (E-mail); Susan Kopp  Amstan (E-mail); Susan Mitchell (E-mail); Tim Schusler (E-mail); Tina Dungan  (E-mail); Toni Gerace (E-mail); Veena Stewart (E-mail); 'William_C_Willison  (E-mail)
Subject: Of course dear...

 - perfect-joke.htm


Group,
Just a quick reminder.
When we are notified by the CAISO Generation desk regarding a "waiver" for an Enron managed unit in California, we should notify the services desk if it is during the day, and should email the services desk (and me) if it is after normal work hours. If you have questions please just let me know.

Thanks,
Bill


Enron Global Travel Management (a division of Global Strategic Sourcing) is
pleased to announce that American Express Corporate Cardholders can now view
account details Online.

Highlights of this service include:
 Review previously billed, current, and unbilled charges
 Review corporate direct payments and personal payments applied to your
account
 Dispute a charge online, if needed
 Access customer service 24 hours a day, 7 days a week

To Log On to American Express Online Services:
GSS has prepared a special registration/log on page for Corporate Cardmembers
for your convenience.  To access it, go to http://travel.enron.com and click
on the Corporate Card button.

Cardmembers with cards issued within the last 45 days, need to call American
Express customer service to enroll.  The number is 1-800-297-1234.

If you have already registered your Personal American Express Card in the
American Express Online Services program:
Please click on the "Check Your Bill" link and login using your existing User
ID and password.  You will be able to add your American Express Corporate
Card to your existing registration by clicking on the "Update your Online
Profile" link which appears on the left hand menu bar once you are logged in.

We hope you enjoy using American Express Online Services.

For questions or additional information, contact Tracy Ramsey (Director,
Global Travel Management) at 713/853-6457.


----- Forwarded by Jeff Dasovich/NA/Enron on 03/19/2001 11:42 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	03/19/2001 11:15 AM

		 To: <Barbara_Klemstine@apsc.com>, <Vicki_Sandler@apses.com>,
<berry@apx.com>, <dcazalet@apx.com>, <billr@calpine.com>,
<jackp@calpine.com>, <Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,
<rsnichol@newwestenergy.com>, <nam.nguyen@powersrc.com>,
<Curtis_L_Kebler@reliantenergy.com>
		 cc:
		 Subject: Draft Decision in Distributed Generation Proceeding

The Commission has issued a draft decision in the distributed generation
proceeding.? It?adopts the Energy Division's program proposals for  load
control and distributed generation initiatives and?authorizes a total  of
$137.8 million in funding for these programs, on an annual basis through
December 31, 2004.

Since the Commission cannot raise electric utility rates until?it  has
determined that the rate freeze is over, it has decided to include the costs
of these programs in the utility's distribution revenue requirement, on the
electric side, and defer consideration of an electric rate increase until
the  rate freeze ends.?
?
The three utilities are directed, within 15 days, to file Advice Letters
increasing their electric distribution revenue requirements, without
modifying  current rates, to include the authorized program budgets.? In the
interim,  all program costs?are to?be tracked in balancing accounts, and the
utilities should establish such accounts for this purpose.? The utilities
are also?directed to implement these programs, "without delay."

Under the adopted programs, SDG&E will administer a  demand-responsiveness
pilot program, targeted to reach 5,000 residential  customers in its service
territory. SCE will administer a similar pilot program,  targeted to 5,000
small commercial customers. SDG&E and SCE will provide  financial incentives
to customers who agree to set their thermostats at  pre-specified levels.?
Through an internet interface, the utility will  monitor and verify actual
interruption of loads at the customer site and provide  interactive
information to customers about their electric usage, in order to  encourage
peak demand reduction.? Within certain parameters, customers will  have the
flexibility to override the thermostat settings, subject to  pre-specified
penalties.

The draft decision would?also authorize a pilot program to provide
interactive consumption and cost information to small customers, such as
historical energy bill information, representative energy usage and cost
information for common appliances, and tariff options. PG&E?is directed
to?contract with an independent web designer to develop a website that
provides customer online access to this information.??The  Commission's?goal
is to reach 10,000 to 15,000 customers in PG&E's  service territory.? The
program will be targeted to residential customers  with relatively high
monthly energy consumption, residential customers with  swimming pools, homes
and small businesses in the San Francisco peninsula or in  Silicon Valley,
and/or rural residences and small businesses.

The draft decision also proposes to implement a self-generation program
across all the utility service territories.? Under the program, financial
incentives will be provided to distributed generation technologies for
amounts  ranging from $1 - $4 per watt and 30-50% of total project cost,
depending on the  type of technology used.? There is a table on page 4 of the
draft decision  which shows the amounts of the incentives.?

The utilities are required to outsource to independent consultants or
contractors all program evaluation activities, and are encouraged to
outsource  as many other aspects of program implementation as possible.? All
installation of technologies (hardware and software) at customer sites will
be  done by independent contractors, and not utility personnel.? The
utilities  are encouraged to coordinate and work closely with local
governments,  community-based organizations and business associations to
recruit and contact  interested customers.
?
Dan
 - 3-15-01 Draft Interim Decision.doc


Attached is the Red Rock weekly report for your use and file.

Mark Lavine
Enron Transportation Services - ECN4679A
Phn : 713-345-8424
Fax : 713-646-8032
mark.lavine@enron.com


---------------------- Forwarded by David W Delainey/HOU/ECT on 11/07/2000
08:02 AM ---------------------------

vkamins@enron.com on 11/06/2000 01:52:36 PM
To: ddelain2@enron.com
cc:
Subject: Approval for reviewer

KAMINSKI,WINCENTY J  has suggested reviewers and submitted them for your
approval.  You may review/modify this list of reviewers by logging on to PEP
at http://pep.corp.enron.com  and going to Supervisor Services.  Please
remember, no feedback can be completed on KAMINSKI,WINCENTY J  until you have
approved the list.


Steve, as Dana indicated in his response to your message, Louis Dreyfus is
maintaining that their transactions with Todoroff are totally legitimate and
binding upon EOTT.  Vinson & Elkins is of the opinion that before we assert
an argument to Louis Dreyfus regarding the validity of their contract, we
need to hear the tapes of Todoroff's conversations with Louis Dreyfus.  The
"paper" that we have (including the notes from the Louis Dreyfus contract
administrator) certainly indicates that Louis Dreyfus suspected or knew that
something was not quite right about the December 1999 transaction with
Todoroff, but it is not enough to make a very good case for challenging the
validity/enforceability of that contract.  We need more.  John DeGeeter of
Vinson & Elkins has spoken with Louis Dreyfus'  general counsel.  Louis
Dreyfus' general counsel has told John that before he will consider providing
EOTT with the tapes, he wants EOTT to set forth in writing the reason EOTT is
requesting the tapes.  Louis Dreyfus' general counsel has also indicated that
he is not sure that Louis Dreyfus taped these conversations.

Although a final decision has not been made, here's where I think we are
headed with Louis Dreyfus.  We will send their general counsel a letter next
week indicating the irregularities with this contract (e.g. the prices quoted
in the contract were far below market, and the contract administrator had
questions about Todoroff's authorization and the "legality" of the deal).
This proposed letter would then suggest that Louis Dreyfus provide us with
their tape recordings of the conversations with Todoroff in order that we can
immediately resolve our questions as to whether one of Louis Dreyfus'
employees knowingly assisted Todoroff in his scheme to defraud EOTT.  My
guess is that a letter of that nature will at least cause Louis Dreyfus'
lawyers to listen to the tapes.  If the tapes do contain incriminating
conversations, we might see a softening of their negotiating position.  If
the tapes do not contain anything incriminating, it would seem to be in Louis
Dreyfus' best interest to provide us with the tapes to support their position
that there was nothing irregular about the transaction.

Steve Duffy
03/16/2000 01:47 PM
To: Walt Zimmerman/Houston/Eott@Eott
cc: Dana Gibbs/Houston/Eott@Eott, Lori Maddox/Houston/Eott@Eott, Susan
Ralph/Houston/Eott@Eott, Michael Burke/Houston/Eott@Eott, Stanley
Horton/Corp/Enron@Enron

Subject: Re: Todoroff Prosecution--CONFIDENTIAL/SUBJECT TO ATTORNEY-CLIENT
PRIVILEGE

Thanks for the update, Walt.  One option we were considering was a "share the
pain" settlement with Dreyfus, whereby they would let us buy out of the
remaining position at a steep discount (to acknowledge their contributory
negligence in this matter).  Has there been any additional headway in this
area?  I'm on vacation and haven't heard anything on this.  Weren't we going
to send a V&E litigator to visit Dreyfus' general counsel? If we commence
legal proceedings against Dreyfus, things will become costly and contentious
between us. Information will come slowly and grudgingly.  We have copies of
some of their internal notes which indicate that they knew---or should have
known---that something wasn't quite right with Todoroff's situation.  Before
we start filing discovery motions, we should exhaust the possibility of
meeting with their general counsel to see if a quick "business" settlement
can be obtained.  Please advise. Thanks.  SWD

WALT
ZIMMERMAN
03/16/2000 11:47 AM

To: Dana Gibbs/Houston/Eott@Eott, Lori Maddox/Houston/Eott@Eott, Susan
Ralph/Houston/Eott@Eott
cc: Michael Burke/Houston/Eott@Eott, Steve Duffy/Houston/Eott@Eott, Stanley
Horton/Corp/Enron@Enron

Subject: Todoroff Prosecution--CONFIDENTIAL/SUBJECT TO ATTORNEY-CLIENT
PRIVILEGE

Earlier this week, I spoke with Bill Moore (the chief prosecutor in the
Harris County District Attorney's Special Crimes Unit) regarding the
above-referenced matter.  Mr. Moore acknowledged receiving the investigative
materials that we submitted last week, and he indicated that his office is
commencing its review of those materials.  I emphasized to Mr. Moore the
desire of EOTT's management to have this case aggressively prosecuted.  Mr.
Moore acknowledged that the aggressive prosecution of this matter would send
a strong message to other traders who might consider dishonest acts, and he
assured me that his office would vigorously pursue this matter.  Based upon
some statements made by Mr. Moore during our discussion, it was obvious that
he recalled much of the presentation from our initial meeting.  I will call
Mr. Moore again tomorrow afternoon to get an update on the progress of this
matter.

We are also attempting to obtain from Louis Dreyfus tape recordings of
Todoroff's conversations with them regarding the series of deals that we are
describing as "The Second Transaction."  If Louis Dreyfus does not
voluntarily provide us with copies of those tapes (or if they assert that
tapes do not exist), the next step will be to consider filing a lawsuit or
seeking a bill of discovery in order to obtain the tapes.  Based upon some
notes we have received from a contract administrator at Louis Dreyfus, it
appears that Louis Dreyfus also suspected or knew that something was amiss
with The Second Transaction.  Assuming that Todoroff's conversations with
Louis Dreyfus were taped, the tapes should tell us whether Todoroff had a
conspirator at Louis Dreyfus who assisted him in his scheme to defraud EOTT.

If Louis Dreyfus does not voluntarily produce tape recordings of its
conversations with Todoroff, we will need some guidance from Enron as to how
aggressive we should be in attempting to obtain the tapes.


-----Original Message-----
From: 	Presto, Kevin M.
Sent:	Tuesday, January 08, 2002 9:11 AM
To:	Lavorato, John
Subject:	RE:

Christi Nicolay and Sarah Novosel are the two best regulatory people.   In terms of pushing the timing, political clout is going to be more important which in the past would have come from Kean and Lay.   Obviously, that will not work anymore.   I have a good relationship with Larcamp (FERC head of Staff) and might be able to help with the politics.   I think FERC is going to want to hear directly from  the new owner.   If we want speed, I recommend we use the expertise of Christi and Sarah combined with the overall political clout of the new owner.

You are not off base with Steffes at all.

 -----Original Message-----
From: 	Lavorato, John
Sent:	Tuesday, January 08, 2002 8:57 AM
To:	Presto, Kevin M.; Belden, Tim
Subject:

I've never been a big fan of Shapiro, however, I wonder if he could help with the speed of the regulatory process.  Steffes seems to talk more than act.  Am I way off base.

My issues with Rick have never been related to competence but were based on costs of his unit.


Great to hear from you.  Things have been going well in Houston.  Lisa is
working for Johnson Controls.
It must be a long time since we've talked b/c she's been with Johnson for
about 5 months.  I love my
new job - I'm trading gas up in the Midwest market area - Illinois and
Michigan.  Things have been
incredibly busy.

The wedding plans have changed considerably.  As I'm sure you can relate to,
the stress of planning
combined with the input of so many others have made us decide to have a
wedding with only our folks
there and not even have a reception.   We figured we could put the money
toward a house and save
a lot of anger, frustration and stress.

How's the job, new house, and Terri doing?  Have you been to many Bears
games?  The Scarlet Knights
have been so inconsistent this year.  I think a lot is due to their youth.

Let's talk soon.

Kevin


I tried sending this email about 3 weeks ago and had problems.   So here it
is.

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/18/2000 04:30
PM ---------------------------

Chris Germany
07/17/2000 11:31 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Sale to EES for April

james r barker ees      patricia downey ees

donnie myers/na/enron

ENA sold EES 5,000 dth a day delivered on Iroq Zone 1.  The price is $3.14.
The total volume is 150,000 for the month.  Patricia is only showing a
purchase in your system of 140,000 for the month.  I think you forgot to put
in some of the buy/sale activity.

My system shows ENA delivered 130,000 to Canajoharie and 5,000 to Tenn-Wright
one day (you though little ol' ENA was taking advantage of you).  For 3 days
we bought the gas back from you and we are showing the buy/sale activity at
Tenn-Wright.  The total buy/sale volume is 15,000.  I think you need to add
another 10,000 to your buy/sale activity.

Let me know if you have any questions.  Buddy


It looks like Waha is on their but Permian is not.  Can you add basis deals
at Permian (I think IF-ELPO/Permian).

Thanks,

Eric

	Enron Capital Management

	From:  David Baumbach                           02/12/2001 04:05 PM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Texas Region Locations

This is how they determine what is on Tom's report.

Dave

---------------------- Forwarded by David Baumbach/HOU/ECT on 02/12/2001
04:05 PM ---------------------------

	Enron North America Corp.

	From:  Peter Berzins @ ENRON                           02/12/2001 03:49 PM

To: David Baumbach/HOU/ECT@ECT
cc: Matt Motsinger/HOU/ECT@ECT, Simone La Rose/HOU/ECT@ECT, Adam
Johnson/NA/Enron@Enron
Subject: Texas Region Locations

Attached is a spreadsheet which contains the locations we have assigned to
the Texas Region for reporting purposes.  Please correct any errors and add
any new locations which we may be missing.  Thanks for your help and let us
know if your need anything else,.

Thanks,
Pete
EnronOnline


Attached is the redline redraft for the KCS trades (the terms will apply to
both confirms).  Please
acknowledge your issues/consent to Sara.

Thanks.
---------------------- Forwarded by Diane Anderson/NA/Enron on 05/30/2001
02:31 PM ---------------------------
From: Sara Shackleton@ECT on 05/30/2001 02:28 PM
To: Diane Anderson/NA/Enron@Enron
cc:

Subject: KCS

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


As you may be aware, the Chief Judge informed the parties to the settlement
proceeding this afternoon that he intends to recommend to the Commission that
it employ the June 19 rate methodology for the refund period from October 2
forward.

Attached are draft comments that Sarah Novosel and I propose to submit to the
Judge and his legal staff tomorrow.  While we would like to convince the
Judge that the June 19 methodology is not appropriate, we also provide a
fallback approach.

Please review the comments (they are only 4 pages) and send your comments to
us.  We plan to submit the comments tomorrow.

Thanks

Ray and Sarah


I have one large sweater left from the ski trip last February,  first come
first served.


Title: Drilling Activity Downturn Means Tighter Gas Supply
URL(s):

http://www.cera.com/eprofile?u=35&m=2808;

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

FALLING GAS PRICES TRIGGER ACTIVE RIG COUNT DECLINE

The economic downturn, lower industrial demand, moderate weather, and falling
gas prices have combined to hit gas-directed drilling activity hard. Gas prices
briefly fell below $2.00 per MMBtu in October. From a midsummer peak of 1,068
gas-directed rigs, the US industry active rig count plummeted to 834 by
November 9 and could fall as low as 700-750. Producers' drilling plans for the
2002 budget year are already being curtailed.

*  The drilling downturn could mean as many as 8,000 fewer gas wells in the
United States over the next 12 months and 1.5 to 2.0 billion cubic feet per day
of lost production.

*  The majority of the activity reduction is onshore, but the significant drop
in Gulf of Mexico shallow shelf drilling will have a huge impact on productive
capacity.

*  Gas supply could be extremely tight once again next year just as the economy
recovers, and gas demand is expected to rebound with it.

**end**

Follow above URL for complete report.

E-mail Category: Decision Brief
CERA Knowledge Area(s): North American Gas

***********************************************************************
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December 4, 2001
Notice No. 01-398

TO:		NYMEX DIVISION MEMBERS AND MEMBER FIRMS
		NYMEX DIVISION CLEARING MEMBERS

FROM:		J. Robert Collins, Jr., President

SUBJECT:	REMINDER ON EFS REQUIREMENTS FOR NATURAL GAS FUTURES
____________________________________________________________________________
_____

Previously, in Notice to Members #01-366, the Exchange announced a new
program that commenced on November 1, 2001 and that permits the exchange of
swaps for futures in Natural Gas futures contracts.  As an informational
follow-up to yesterday's notice, this notice includes the text of the new
LOX rule.

				AMENDMENTS TO NYMEX RULE 6.21A

(Asterisks indicate additions; brackets indicate deletions.)

 Rule 6.21A.  EXCHANGE OF FUTURES FOR, OR IN CONNECTION WITH, SWAP
TRANSACTIONS  (Pilot Program)

(A) (1) An exchange of futures for, or in connection with, a swap (EFS)
consists of two discrete, but related, transactions; a swap transaction and
a futures transaction.  At the time such transaction is effected, the buyer
and seller of the futures must be, respectively, the seller and the buyer of
the swap.  The swap component shall involve the commodity underlying the
futures contract (or a derivative, by-product or related product of such
commodity).  The quantity covered by the swap must be approximately
equivalent to the quantity covered by the futures contracts.  The swap
component of an EFS transaction must comply with the applicable CFTC swap
regulatory requirements.  The initial term of the pilot program shall be
three years from the effective date of this Rule 6.21A.

	(2) Eligible Contracts and Transactions.  EFS transactions may be
effected only for transactions in the Exchange's Brent crude oil futures
contract  * or in the Henry Hub Natural Gas futures contract (for a period
of six months following implementation of the pilot program for Natural Gas
EFS transactions) * .

(B)(1)  The report of an EFS transaction shall be given on the Floor of the
Exchange during the hours of futures trading.  (2) EFS transactions *
involving the Brent contract * are permitted until the close of trading on
the last trading day in the expiring contract month [of the applicable
contract(s)].  * (3) EFS transactions involving Natural Gas contract are
permitted until two hours after trading terminates on the last day of
trading in the expiring contract month. *

(C)  A report of such EFS transaction shall be submitted to the Exchange by
each Clearing Member representing the buyer and/or seller.  Such report
shall identify the EFS as made under this Rule and shall contain the
following information: a statement that the swap component of the EFS
complied with the applicable CFTC swap regulatory requirements at the time
the EFS was entered into between the buyer and seller, a statement that the
EFS has resulted or will result in a change of payments or other such
change, the kind and quantity of the futures, the price at which the futures
transaction is to be cleared, the names of the Clearing Members and
customers and such other information as the Exchange may require.  Such
report (form) shall be submitted to the Compliance Department by 12:00 noon,
no later than two (2) Exchange business days after the day of posting the
EFS on the Floor of the Exchange.

(D)(1) Each buyer and seller must satisfy the Exchange, at its request, that
the transaction is a legitimate EFS transaction.  Upon the request of the
Exchange, all documentary evidence relating to the EFS, including a master
swap agreement and any supplements thereto, shall be obtained by the
Clearing Members from the buyer or seller and made available by the Clearing
Members for examination by the Exchange.  Additionally, if the buyer or
seller is a Member/Member Firm, the Exchange may obtain the information
directly from such person(s).

(2) For [all NYMEX Division contracts] * the Brent contract *, no EFS that
is linked to or contingent upon entry into a second, offsetting swap
transaction may be transacted during Regular Trading Hours at any time that
NYMEX offers trading in its contracts, unless trading in a market is halted,
such as during a physical emergency.   * For the Natural Gas contract, no
EFS that is linked to or contingent upon entry into a second, offsetting
swap transaction may be transacted at any time. *

(3)	Failure by a buyer or seller, or its Clearing Member to satisfy the
Exchange that an EFS transaction is bona fide shall subject such buyer or
seller, if a Member/Member Firm, or the Clearing Member to disciplinary
action.  Such disciplinary action, depending on the gravity of the offense,
may be deemed to be a major offense of the Exchange's rules.  Further, if
the buyer or seller is not a Member/Member Firm, the Exchange may conduct a
hearing before the Business Conduct Committee to limit, condition or deny
access to the market.

(E) Each EFS transaction shall be posted by the Floor Members and cleared
through the Exchange in accordance with normal procedures and by the
Clearing Members involved.

(F)  All omnibus accounts and foreign brokers shall submit a signed EFS
reporting agreement in the form prescribed by the Exchange to the Exchange's
Compliance Department.  Such Agreement shall provide that any omnibus
account or foreign broker identified by a Clearing Member (or another
omnibus account or foreign broker) as the buyer or seller of an EFS pursuant
to Rule 6.21A(C), shall supply the name of its customer and such other
information as the Exchange may require.  Such information shall be
submitted to the Exchange's Compliance Department by 12:00 noon no later
than two (2) Exchange business days after the day of posting the EFS on the
Floor of the Exchange.  Failure by an omnibus account or foreign broker to
submit either the agreement or the particular EFS information to the
Exchange may result in a hearing by the Business Conduct Committee to limit,
condition or deny access of such omnibus account or foreign broker to the
market.


Michelle, can you please convert these to a % of capacity on a mmbtu/d basis? Thanks.

 -----Original Message-----
From: 	Brennan, Lorna
Sent:	Monday, November 26, 2001 11:12 AM
To:	Lokay, Michelle
Cc:	Harris, Steven
Subject:	Throughput Spreadsheet

Michelle,

Here is the spreadsheet with the four pipelines' throughput data for the mortgage review.

Call me if you have any questions.

Lorna M. Brennan
Competitive Intelligence
Enron Transportation Services
Omaha  402-398-7573


Hey All.

I will be out of the office all day Monday for a seminar. And... I will be gone Thursday
& Friday for my cousins wedding.

Cheers,
April


At the FERC meeting today, the Commissioners discussed the Midwest RTOs.  They did not vote out any order or even indicate when they would be voting on orders.

The presentation from a FERC staffer focused on the status reports filed by ARTO and MISO, indicating that both RTOs were on schedule to be operational (MISO by 12/15) and on schedule for their seams commitments made in the IRCA.  Specifically, it was stated that MISO claimed it was ready to go operational because they had spent $160 million, have staff, have the physical infrastructure in place and have complete market trials.  It was indicated that ARTO was not now ready to be operational, but could be within 90 days from FERC approval of their structure and National Grid as managing member.

Massey and Brownell clearly are nervous about allowing the IRCA scheme to continue - compatible but not identical - but staff stated that the order on the settlement and IRCA only required compatible and in fact did not even discuss compatible CMS, but rather just a common bulletin board.

Discussion focused on the MISO/SPP merger - in fact, Jim Torgesen was brought up from the audience to talk.  He described the plans for independent Board, for timing of the merger.  He indicated that they would be working towards a single CMS, single tariff.  Massey noted it would be a better scope, though staff would not comment on the merger compliance with Order No. 2000.  (Perhaps they wanted a filing first)

Translink was also discussed, though it is pending.  It was just noted as another possible addition to scope of MISO and Massey commented that ITC is a very important upcoming issue.  Staff was asked to provide a side by side comparison of the Translink proposal (and Appendix I allowances for ITC retention of RTO functions) with the Southeast proposal on ITC.  This is something we should probably also provide in our comments on Translink, just to make sure staff is honest.

In brief, Wood stated that it is important to get the model right for a big region, without holes like swiss cheese, and don't scare people off.  He is very interested in the SE proposal that would have divided up functions between the transco RTO and the IMA (independent management authority) in attempt to accommodate public power entities and state commissions.


Bob,

In order to be able to draft the Aquila assignments below, I am going to need
the contract list which shows the contracts the  trades were originally under
and which contract they will be under when we assign them.   Can you for that
list to me ASAP so I can get started drafting the assignments.  It make take
some time.  Thanks!
---------------------- Forwarded by Tana Jones/HOU/ECT on 12/16/99 09:03 AM
---------------------------

	From:  Mark Taylor                           12/15/99 01:29 PM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Aquila Assignment

Can you take care of this for me?
---------------------- Forwarded by Mark Taylor/HOU/ECT on 12/15/99 01:28 PM
---------------------------

	From:  Bob Shults                           12/15/99 01:27 PM

To: Mark Taylor/HOU/ECT@ECT
cc: David Forster, Debbie R Brackett/HOU/ECT@ECT, Kathryn Cordes/HOU/ECT@ECT
Subject: Aquila Assignment

Here are the trades that we need an assignment letter on for Aquila Risk
Managment, Energy Marketing and Canada


B.O.  you hearing any reviews?  i think it opened this week, or last week?
And I think Cameron's got it right, you guys on the 29th, me and P. Dub-yah
on the 6th.  Hey, I saw the menu that Nancy sent around.  Is she cooking on
her own birthday?

Ol' Easy Goin'

	Cameron Sellers <cameron@perfect.com>
	11/16/2000 12:26 PM

		 To: "'Scott Laughlin'" <scottwl@hotmail.com>, jdasovic@enron.com
		 cc: PSellers@haas.berkeley.edu
		 Subject: RE: Drunken Brothers

I am pretty sure our date is the 29th.  They are going on the 6th.

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

 -----Original Message-----
From:    Scott Laughlin [mailto:scottwl@hotmail.com]
Sent:   Thursday, November 16, 2000 10:01 AM
To:   jdasovic@enron.com
Cc:   PSellers@haas.berkeley.edu; cameron@perfect.com
Subject:   Drunken Brothers

Hey, I'm just wondering, when are we slated to go see Woody, Sean, Nick and
the boys? It's coming up, no?

Hope all's well,

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

Share information about yourself, create your own public profile at
http://profiles.msn.com.


Dear Mr. Arora:
Hope this mail finds you in the best of health and cheer. I am sorry to know
that I have not been selected for the Enron Summer Associate Program and
would greatly appreciate any feedback that you can offer me with regards to
interview that I had with Enron.
I am extremely interested in working at Enron and firmly believe that my
prior experience in the commodities trading arena and the skills that I gain
in my MBA program will enable me to add significant value to Enron. I plan
to apply for the full time program at Enron and would like to use the
feedback to prepare myself for the full time associate program at Enron.
Many Thanks once again for taking the time and effort to interview me at
Owen and also for considering me for the Enron Summer Associate Program.

Sincerely,
Max

_____________________________________________
Muthukumar Krishnan
MBA 2002
Owen Graduate School of Management
Vanderbilt University

(615)-329-8922 (Home)
(615)-498-6533 (Cell)
Muthukumar.Krishnan@owen2002.vanderbilt.edu
_____________________________________________


Mike Purcell is leaving our group to move to Volume management, effective
following his vacation which is all next week.

I will be scheduling Mid C until a replacement is hired and trained.

Please contact me with questions regarding MidC schedules.


Start Date: 4/24/01; HourAhead hour: 18;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042418.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 18 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 18 / Preferred: -575.00 / Final: -574.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  TRADING_SC: NES1
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 18 / Preferred: 125.69 / Final: 125.38)
  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


Here are the proposed dates for next year's Board meetings:

Tuesday, January 23
Thursday, March 15
Thursday, April 12
Wednesday, June 20
Thursday, July 19
Thursday, September 6
Thursday, October 18
Wednesday, December 5

All meetings will be 7:00 am to 11:00 am.

Please check your calendars and let me know if these dates will work for
you.  Thank you.
____________________________________________________

Belinda Breen
Questia Media, Inc.
Phone:  713/358-2837
Fax:       713/358-2990
E-mail:   BBreen@questia.com
____________________________________________________


Tanya and Rod:
J Aron has withdrawn its request to make repos Specified Transactions so we
are done with the ISDA and CSA.  I am awaiting their Guaranty as well as any
comments they might have to our Guranty but we should finalize this soon.
Carol


EnronOnline
Trade Counts + Volume for April 16, 2001

			EXTERNAL		INTERNAL		TOTAL
COUNTRY	COMMODITY	CATEGORY	COUNT	QTY	COUNT	QTY	COUNT	QTY	UNIT OF MEASURE
Canada	Natural Gas	Financial	          6 	      3,370,000 	          1 	         155,000 	                7 	      3,525,000 	MMBtu
Canada	Natural Gas	Financial Option	          1 	      2,180,250 	          2 	      4,360,500 	                3 	      6,540,750 	MMBtu
Canada	Natural Gas	Physical	      244 	      5,803,832 	        -   	                   -   	            244 	      5,803,832 	MMBtu
USA	Bandwidth	Physical	          2 	                  12 	        -   	                   -   	                2 	                  12 	DSO miles
USA	Crude	Financial	      127 	      5,675,000 	        60 	      2,550,000 	            187 	      8,225,000 	Barrel
USA	Crude	Financial Option	        17 	         825,000 	        -   	                   -   	              17 	         825,000 	Barrel per month
USA	Crude	Physical	          3 	         403,000 	        -   	                   -   	                3 	         403,000 	Barrel per day
USA	LPG	Financial	          2 	           60,000 	        -   	                   -   	                2 	           60,000 	Gallon
USA	LPG	Physical	          4 	           55,000 	        -   	                   -   	                4 	           55,000 	Gallon
USA	Natural Gas	Financial	      495 	  191,494,516 	      383 	  154,086,400 	            878 	  345,580,916 	MMBTU
USA	Natural Gas	Financial Option	          8 	      7,000,000 	        15 	    15,000,000 	              23 	    22,000,000 	MMBTU
USA	Natural Gas	Physical	   1,641 	    13,950,054 	        39 	         227,930 	         1,680 	    14,177,984 	MMBTU
USA	Oil Products	Financial	        20 	         829,881 	          3 	             1,072 	              23 	         830,953 	Barrel
USA	Paper	Physical	          2 	             1,000 	        -   	                   -   	                2 	             1,000 	Metric Tons (+/- 5%)
USA	Power	Financial	        37 	         619,443 	        43 	         460,071 	              80 	      1,079,514 	MWh
USA	Power	Physical	      593 	      5,564,195 	      143 	      2,787,950 	            736 	      8,352,144 	MWh
USA	Rate and Currency	Financial	        -   	                   -   	          3 	         129,032 	                3 	         129,032 	USD/1
		Totals	   3,202 	   	      692 	  	         3,894


I'm not sure our plan is to collapse the LNG shipping group into coal (I
presume you mean under Pierre).  However, we have to look at our internal and
external options.  If you look at the structure of  the exmar vessell it is
certainly far from ideal for enron.  In fact it appears to be quite
one-sided.  First we must look at what we want this group to be, and examine
what skills each of the internal players can bring to the table--(including
Pierre and Wayne).  Second estabish internal procedure, and trading
capabilities.  Third, execute.  I would agree that LNG shipping is a unique
animal, but before we hire anyone externally, I'd like to get everyone
together to discuss the most appropriate way forward.

Thanks.  Jeff

	Rick Bergsieker@ENRON_DEVELOPMENT
	02/14/2001 06:29 AM

		 To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
		 cc: Eric Gonzales@ECT
		 Subject: LNG Shipping

Further to my voicemail yesterday, I understand through Eric that
consideration is being given to collapsing the LNG shipping responsibilities
into the coal group.  I believe that this would be a mistake.  Eric and I
have been talking about this for some time and have defined and are
implementing an organizational plan that we both believe is a good one.  I
would like the opportunity to talk this through with you before you make any
irreversible decisions.


Lisa Mellencamp used to have a list of local counsel.

Kay

Kaye Ellis@ECT
04/19/2001 05:11 PM
To: Alan Aronowitz/HOU/ECT@ECT, Peggy.Banczak@enron.com, Sandi M
Braband/HOU/ECT@ECT, Gail Brownfeld/Enron@EnronXGate, Robert
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Dominic
Carolan/Enron@EnronXGate, Robert Carter/Contractor/Enron Communications@Enron
Communications, Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Ned E
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eddy Daniels/NA/Enron@Enron,
Angela Y Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Roseann
Engeldorf/Enron@EnronXGate, Shawna Flynn/HOU/ECT@ECT, Robert H
George/NA/Enron@Enron, James Grace/Corp/Enron@ENRON, Barbara N
Gray/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Anne C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron,
Travis McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Cheryl Nelson/NA/Enron@Enron, Gerald Nemec/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Portz/HOU/ECT@ECT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael A Robison/HOU/ECT@ECT,
Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Schuler-Legal/HOU/ECT@ECT,
Sara Shackleton/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Carol St
Clair/HOU/ECT@ECT, sstack@enron.com@ECT, Lou Stoler/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT,
John Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Stuart Zisman/HOU/ECT@ECT
cc:

Subject: Arkansas Counsel

Sara Shackleton would like to know if you have ever retained Arkansas counsel
(particularly utility/co-op issues).

If you have, please respond to Sara today if possible.

Thank you,
Kaye


fyi
----- Forwarded by Elizabeth Sager/HOU/ECT on 06/06/2001 01:33 PM -----

	"WINNIE HOWARD" <HOWARD@wrightlaw.com>
	06/06/2001 10:16 AM

		 To: <elizabeth.sager@enron.com>, <jhartso@enron.com>
		 cc:
		 Subject:

 - WSPP Cont Summary 5-31-01.doc


The second phase of reconstruction on IH 45 between W. Dallas and Memorial
will begin Saturday, November 11, 2000, all northbound lanes will be closed
at 7 PM.  All northbound traffic will detour to US 59 North to IH-610 Loop.
Two northbound lanes will reopen Monday, November 13, 2000, at 5 AM.

  The Houston Avenue / Memorial Avenue exit and the entrance from Pease,
  St. Joseph's Parkway, and Walker  will be closed until further notice.
Anyone
  typically using these routes must find an alternate route.

The following routes are recommended by the Texas Department of Transportation

New Ramp Chartres at Runnels to IH 10 West

Louisiana North to IH 10 West on ramp

Allen Parkway to Studemont or Waugh to IH 10

West Gray to Montrose North (Studemont) to IH 10

Bagby (W. Dallas) to Montrose North (Studemont) to IH 10

San Jacinto to IH 10 East

North on main to IH 45

Travis to IH 45

The Downtown District is updating it's web site with detailed road closure
maps and suggested alternate routes.  This information is available at
http://www.downtownstreets.com. Please check this site regularly for updates
on street closures.


Get on internal MSN IM

Mullett


the deal is on peak

thanks

   Kate Symes @ ECT                02/05/2001 01:16 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: apb checkout

Looks like Tom forgot this deal on Friday - I've just entered it. Deal # is
514006. One thing I didn't check on was whether it was off-peak or on-peak.
Does this deal check out with APB? Let me know.

Thanks,
kate

Kerri Thompson@ENRON
02/05/2001 07:37 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb checkout

have you found out anything on this trade?

thanks

Kerri Thompson
02/02/2001 04:48 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb checkout

she says tom, i guess we can wait until monday.....

   Kate Symes @ ECT                02/02/2001 04:38 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: apb checkout

I don't see any deals with any of these terms in Tom's trade log for today.
He's left the office, and I've left him a message on his cell phone - but
until then, I can't really say if this is good or not. Could it be a Mark
Fischer deal?

Kate

Kerri Thompson@ENRON
02/02/2001 02:26 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

missing deal for tom

buy bp energy
25 mw
217.50
march
palo verde

thanks


FYI...

Kate, I believe you asked that short name changes not be done before 7:a.
Whether that's your time or my time, I know I won't be doing them at that
time.  :-)  It will more likely be around 10:a CST, and then I will send
notification to Jeremy, Sanjeev and Oscar.  Just know that every Friday,
short name changes will be made.   Give me a call if you have any concerns.

Happy Holidays!

Cheryl x33103
---------------------- Forwarded by Cheryl Johnson/Corp/Enron on 12/22/2000
11:45 AM ---------------------------

Kathryn Pallant
12/21/2000 03:01 PM
To: Jeremy Wong/HOU/ECT@ECT, Sanjeev Gupta/NA/Enron@ENRON, Oscar
Rivera/NA/Enron@Enron, Mary G Gosnell/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron, Samuel
Schott/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT
cc: Bill D Hare/HOU/ECT@ect

Subject: ERMS Short Name Changes

Dear All,

This note is to summarise our meeting today regarding the timing and
notification of changes to ERMS short names in GCP and ERMS.

Timing
As discussed, the Credit Aggregation System requires that short names are in
sync in GCP and ERMS.  As a result, we agreed to change ERMS short names in
both systems every Friday morning and only at that time.

Notification
Notification of the need to change a short name in ERMS currently comes to
ERMS IT from a variety of sources.  It was agreed that an effort would be
made by GCP to centralise all requests in the formal Name Changes & Mergers
Report.  Sanjeev/Oscar are to aid this effort by forwarding to Cheryl Johnson
the names of people who currently bypass the Report and contact ERMS IT
directly.

Please let me know if there are any comments on or additions to this summary.

Thanks, and happy holidays!

Kathryn


Looks like we are making progress!!!

 -----Original Message-----
From: 	Lavorato, John
Sent:	Tuesday, May 29, 2001 8:43 AM
To:	Allen, Phillip K.; Arnold, John; Aucoin, Berney C.; Bentley, Corry; Coulter, Kayne; Davis, Mark Dana; Gaskill, Chris; Gilbert-smith, Doug; Gossett, Jeffrey C.; Grigsby, Mike; Herndon, Rogers; Kitchen, Louise; Lavorato, John; Martin, Thomas A.; McMichael Jr., Ed; Neal, Scott; Presto, Kevin M.; Schwieger, Jim; Shively, Hunter S.; Sturm, Fletcher J.; Superty, Robert; Thomas, Martin; White, Stacey; Will, Lloyd
Cc:	Buckley, Karen
Subject:

On Wednesday we will be having a mini Trading Track interview session.  The quality may not resemble the first session we had but I thought it would be worth it if we can find a couple more folks to put in the program.  We will probably have a much bigger one later in the year after the new analysts and associates join.  I had a couple of observations from last time.

1.  I think we were too hard on external candidates.  There are 5 or 6 external candidates.  Remember that they don't have the Enron grounding that the internal candidates have.  Most of them are not in the Gas or Electricity industry.  Try to evaluate them on their intrinsic qualities.

2.  Some people have not thought about trading concepts and are unfamiliar with trading lingo.  That doesn't mean that they will not be good traders one day. I think we were a little biased based on someones ability to run a stack tommorrow.

Regards

John


---------------------- Forwarded by Veronica Valdez/HOU/ECT on 02/11/2000
04:06 PM ---------------------------

Ted Murphy
02/11/2000 04:06 PM
Sent by: Veronica Valdez
To: Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON
cc:
Subject: Review of Business Unit Internal Controls

Attached is a document that I am not sure is entirely necessary; however,
depending on the response will indicate the need for implementation.


I have spoken with Rick Ward at CES about this.  We will provide CES with
copies of any invoices that have pre 1/2000 charges on them.  We will
pay/take the credit after CES has agreed to the adjustments.  We will then
bill/pay CES monthly for these adjustments.  If this is inconsistent with any
agreements between CES and ENA, please let me know.  Otherwise, we will
continue down this path.  Thanks.

Brenda H Fletcher
02/08/2000 02:04 PM
To: Jeffrey T Hodge/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Gloria G
Barkowsky/HOU/ECT@ECT
Subject: CES Transportation Expense

The January invoice from CNG Transmission for CES Transportation Contracts
includes charges for production months prior to January, 2000.  In total,
the prior month charges amount to $ 23,868.92.  Per Chris, ENA will pay
this.  Do you agree?

Thanks,
Brenda


I have attached a new draft version of the Enron Services Agreement which
incorporates the changes discussed on our call and those distributed by
Carlos. I have also attached a blacklined version to show the changes made
form the previously distributed version.

If you have any questions or comments please call me at (212) 558-3491. David
will be out of the office tomorrow but we can conference him in if we need to
discuss any further revisions.

Regards,
Kieran

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Enron - Services Agreement.doc
 - #272860 vRED - Enron - Services Agreement.doc


Please let Thomas know that I will not be able to make the meeting tomorrow
b/c I will be with Don Black.
Thanks,
Ben


I am informed the order will be effective 6/19/01, Tuesday.  The full order is not out.  Here is the press release.

Alan Comnes


Jim,

Is there going to be a conference call or some type of weekly meeting about
all the regulatory issues facing California this week?  Can you make sure the
gas desk is included.

Phillip


FYI.

Thanks.
Gary

> -----Original Message-----
> From: Lamb, Daniel G.
> Sent: Tuesday, December 12, 2000 5:34 PM
> To: Fergus, Gary S.
> Subject: Enron
>
> Gary, I just received a call from Doug Tribble at P,M&S.  He is
> representing Dynergy in both the Hendricks and the Gordon litigation.  He
> wanted to know if we could represent Morgan, Stanley.  When he learned
> that we were representing Enron, he invited us to join the joint defense
> group that has been formed among the Gordon defendants, subject to
> approval of the other defendants.  That group is
> made up of the following:
>
> Reliant - Baker & Botts/Luce, Forward (Steiner)
>
> AES Corp. - Williams & Connelly/Dicks & Shapiro
>
> NRG Energy - Sheppard, Mullin
>
> Southern Company - White & Case/Trautman, Sanders
>
> Williams Energy - Gray, Cary/Jones, Day
>
> So far as I know, Duke Energy and PG&E are not represented yet.
>
> Doug says his group has already filed a low number/related case petition
> to get the Hendricks case transferred to Mac Amos from Myers.  The group
> also plans to remove the Gordon case on federal question grounds based on
> some group research they have done.  They would like to remove the
> Hendricks case at about the same time, but haven't been able to line up
> all of the defendants.  I assume that was part of the reason for his call
> and his request that we represent Morgan, Stanley.  Apparently an earlier
> case filed against SDG&E was removed and assigned to Judge Gonzales.  If
> Hendricks and Gordon are removed, they will be low numbered to Gonzales.
> She is one of the better federal judges, but she has some shortcomings
> that we should talk about.
>
> Anyway, it looks like teams are forming, and we should think about
> coordinating with them.  I asked Doug to send me a copy of the joint
> defense agreement they are circulating, but he could not do so without the
> other defendants' approval.  They are concerned about including Sempra's
> counsel in their group, and therefore haven't included any Hendricks
> defendants who are not also in Gordon.
>
> Dan

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Hardcopies also to follow.
---------------------- Forwarded by Richard Shapiro/HOU/EES on 04/07/2000
12:44 PM ---------------------------

"Roark, Donnie" <droark@velaw.com> on 04/07/2000 11:44:59 AM
To: "'rshapiro@enron.com'" <rshapiro@enron.com>
cc: "Dilg, Joe" <jdilg@velaw.com>
Subject: Attached Files

Richard,

Pursuant to Joe Dilg's request, I am forwarding the electronic versions of
Sections II, III, IV, and V of the IM which were distributed on 4/6.  We
will also be sending you by courier a complete hard copy of the faxed 4/6
draft, which includes Section I.  The electronic and faxed copies are the
same draft.  Please call with any questions or comments.

Regards,
Donnie Roark
 <<SoCal IM 04-06 Section V Power Generation.DOC>>  <<SoCal IM 04-06 Section
III Power Distribution.DOC>>  <<SoCal IM 04-06 Section II Gas
Pipelines.DOC>>  <<SoCal IM 04-06 Gas Distrib. Section IV no maps.DOC>>

 - SoCal IM 04-06 Section V Power Generation.DOC
 - SoCal IM 04-06 Section III Power Distribution.DOC
 - SoCal IM 04-06 Section II Gas Pipelines.DOC
 - SoCal IM 04-06 Gas Distrib. Section IV no maps.DOC
---------------------- Forwarded by Richard Shapiro/HOU/EES on 04/07/2000
12:44 PM ---------------------------

"Roark, Donnie" <droark@velaw.com> on 04/07/2000 11:55:09 AM
To: "'rshapiro@enron.com'" <rshapiro@enron.com>
cc:
Subject: FW: Section I

Please find attached Section I from the 4/6 draft of the IM.

 - #251862 v1 - SECTION 1.doc


The JV between ENA (or some Enron sub) and Peoples Energy Corporation is
called Enovate.  I was on a conference call this afternoon with  Greg Penman,
Molly Harris, Stacy Dickson and Kay Mann.  The issues is WHO will negotiate
ISDA's ffor the JV (and negotiate the basic ISDA between Peoples and the
JV).  You will recall that Haedicke did not want us to negotiate on behalf fo
Bridgeline.  Kay is meeting with Mark in about an hour and will raise these
issues.  SS


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- LatestDeal.doc


Follow-up on Monday California conference call, regarding passthrough of the
1 cent surcharge.

SCE:

Does NOT appear to be passing through the 1 cent surcharge to Direct Access.

In a letter to the PUC's Energy Division on June 19, SCE said:  "By
incorporating both the 1 and 3 cent per kWh surcharges into the generation
component of total rates in Advice 1545-E, SCE has effectively exempted DA
customers from these surcharges by including them in the new DA credit. ..
SCE, however, is not entirely sure whether the Commission intends to exempt
the DA customers from the 1 cent per kWh surcharge and has previously
requested Energy Division's opinion on this matter."

This letter was responding to a request by AReM for clarification of this
very issue.  In a prior Advice Letter 1529-E, of April 5, SCE seemed to say
that the generation rate (that forms the basis of the PX credit) does not
include the 1 cent surcharge.

So, SCE seems to think the PUC has been unclear about whether the 1 cent
surcharge applies to Direct Access, and as a result is not billing it to
Direct Access.  This is in spite of the PUC's January 4 order, where it said
"All other customers, including direct access customers, are subject to this
surcharge." (p. 21)

Of course, it is not at all clear what SCE will do if the PUC clarifies for
SCE that they could have been billing the surcharge to Direct Access
customers.

PG&E:

Is passing through the 1 cent surcharge to Direct Access.  PG&E's Advice
Letter 2119-E, of May 22, clearly exemps Direct Access from the 3 cent
surcharge only.

Where are the $$ from the surcharges going?

March 27 PUC Order of Commissioner Lynch:

"PG&E and Edison shall enter the revenues from the rate increases into
balancing accounts and the revenues shall be subject to refund if, at a later
date, we determine that the utilities failed to use the funds to pay for
future power purchases.  The revenues the utilities have collected and
continue to collect from the one-cent per kilowatt-hour rate increase
authorized on January 4, 2001 shall be used to pay for power purchases and
not for any other costs incurred by the utilities. " (p. 55)

"It is reasonable that a certain amount of the revenues from the rate
increases will be provided to DWR for its power costs, once DWR provides us
with its revenue requirement. " (p. 51)

So, the utilities have been directed to hold the money from the surcharges in
balancing accounts pending the PUC's acceptance of DWR's revenue
requirement.

Call me with any questions.


The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=11/27/2001>, published as of 11/27/2001 is now available for viewing on the website.


Please follow up with this person if interested.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/12/2000
12:50 PM ---------------------------

	From:  Jeffrey A Shankman                           06/12/2000 11:53 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Please forward to V.P. of New Generation or person in charge of New
Generation Projects

Can you forward this to the appropriate person?  Thanks. Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 06/12/2000
11:50 AM ---------------------------

	From:  Jennifer Fraser                           06/10/2000 03:20 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Please forward to V.P. of New Generation or person in charge of New
Generation Projects

I have no idea if this is for real or who should get this email at ENE.
Do you think anyone would be interested?
JF
---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 06/10/2000
03:19 PM ---------------------------

"Christopher D. Hayes" <glowjax@netcarrier.com> on 06/10/2000 03:21:08 PM
Please respond to "Christopher D. Hayes" <glowjax@netcarrier.com>
To: "contact" <glowjax@netcarrier.com>
cc:  (bcc: Jennifer Fraser/HOU/ECT)
Subject: Please forward to V.P. of New Generation or person in charge of New
Generation Projects

Please forward to the person in charge of New Generation Projects.

I was referred to you by the Energy Information Agency.  I was wondering if
you could help me find new generation work within your company.  If you are
not in the market for additional capacity I would appreciate your comments on
how I might proceed.

We primarily install, relocate or otherwise put power in service on a turnkey
basis, virtually anywhere in the world.   We also do major repairs,
mechanical and electrical, rotating equipment and even substation
equipment.    We have a rather strange assortment of equipment to support our
work, special hydra lift trailers for moving large engine without
disassembly, cranes for use in trying areas, high voltage bucket trucks, a
portable repair shop that can be moved to a major site that is 100 ft X 60 ft
and is fully equipped for anything from turbine repairs, installs or we can
do a large rewind ..

For off-shore work we have a floating shop, a service vessel that has
equipment on-board to move generation or also do similar service and
repairs.     An example might be a turbine or other generation installation
even on a barge power plant that is in service .. we can often dock along
side and do it all as though the barge was in a harbor.

Sometimes, in addition to supplying New Equipment, we can supply used,
refurbished or surplus assets.  Several possible powerplants considered for
relocation are made available by Marcor Remediation Inc.  Marcor is working
with the Jacksonville Electric Authority, Basin Electric and other major US
utilities to offer certain Surplus Generating Assets to the worlds energy
sectors.  This equipment is listed in some detail on our company webpage
(http://www.marcor.com/services/sales/sales.htm.)    This is a partial
listing so let me know if your company contacts are in the market for
anything in particular, we may be able to help.

These are additional properties I am working on, we handle Turnkey
installations all over the world as well as a good deal of offshore work.
Currently, we can deliver an LM 6000, up and running in less than 90 days.

BARGE MOUNTED POWER PLANT, 100+ MEGAWATT

We can provide a 100+  MW Barge Mounted Power Plant, complete, ABS Certified,
consisting of two (2) 50 MW Gas Turbine Generators.
Outputs are at ISO conditions.  These units will be refurbished and ready to
operate on either Natural Gas or Fuel Oil and installed on an ABS certified
barge.  Delivery can occur within approximately 120 working days (4 months)
after receipt of funds as specified below.
The two Gas Turbines will be set up to operate singularly or in parallel.
The Generator output will be 10,800 volts, 3-phase, 50 HZ.  (With upgrade to
60 HZ available)  The power will be transported to shore by overhead
transmission lines at Generator voltage.  A control room will be provided
together with switchgear and circuit disconnects.

The customer/buyer will be responsible for providing all fuel needs including
delivery and storage of fuel.  The customer will also be responsible for all
Grid connections and transformation of power.

We will provide, as part of the Barge package, an emergency generator for
lighting and Barge pumps.  The Turbines can be started with electric motors
powered from the emergency generator (diesel fueled) or by pressurized air.

All of this equipment is offered subject to prior sale.  The costs will be
adjusted accordingly if additional or substitute equipment is required by
customer.

The two (2) Gas Turbines can be adapted to operate on Heavy Fuel (HFO) or
Bunker "C" or #6 Fuel oil, providing proper oil treatment modules are
utilized.  We will offer this equipment under separate Contract.

ESTIMATE OF COSTS:
100 + MW Power Barge can be furnished as described for approx. $300.00 USD/
kW or $ 30,000,000.00.
Any commissions, "finders fees", or other unidentified costs, shall be added
to the cost shown here.  At this price, USED equipment is utilized.

To prepare a formal quotation and provide detailed equipment specifics, i.e.
model numbers, serial numbers, etc., a one-percent (1%) Cash Advance shall be
placed in an escrow account with draws for the preparation of same and
expenses incurred.  An Executed "Non-Disclosure, Non-Compete, Non-Circumvent
Agreement" must be signed by the "end-user".  It will take two (2) weeks,
after receipt of one-percent (1%) cash advance funds, and after ALL pertinent
information regarding the ultimate construction of the barge is received by
us from the buyer, to prepare the Formal Quotation.

After receipt of the Formal Quotation/Proposal,  buyer shall have two (2)
weeks to place a five-percent (5%) refundable deposit which will allow him
thirty (30) days to perform "due diligence".  At the end of this "due
diligence" period, buyer shall pay eighty-five percent (85%) of the total
purchase price.  The balance due shall be paid upon customer acceptance of
the unit.

Currently, we have a "window" of opportunity open to immediately initiate
necessary engineering work.  This work will be accomplished by "World Class"
Maritime Contractors; therefore, meeting the highest of Standards.

NEW 1999 MODEL POWER BARGE
We can furnish 100MW Power Barge complete with two (2) new, state- of-
the-art 1999 model, Westinghouse Turbine Gensets, 50 Hz, for approximately $
420.00/kW.  Same terms as above

LM 2500 GAS TURBINE POWER PLANT
ONE (1) ONLY..
G.E. LM2500-PE (UPGRADED), NATURAL GAS, WATER INJECTION,
13.8 KV, 26,500 KVA, TURBINE GENERATOR PACKAGE AS FOLLOWS:
1. ENGINE AND POWER TURBINE SECTION HAS BEEN COMPLETELY FACTORY REBUILT TO
ZERO TIME AND WILL CARRY A ONE (1) YEAR FACTORY STANDARD G.E. WARRANTY.

2. GEAR BOX, GENERATOR SECTIONS HAVE A TOTAL OF 25,000 HOURS ON THEM AND AND
WILL BE COMPLETELY REFURBISHED TO "AS NEW" CONDITION.

3. THE PROTECTION AND CONTROL SYSTEMS WILL BE REPLACED WITH CURRENT SOLID
STATE SYSTEMS IN ACCORDANCE WITH THE REQUIREMENTS FOR A NEW INSTALLATION.
THIS INCLUDED:  VIBRATION SYSTEMS, GENERATOR PROTECTION, TURBINE START
SYSTEMS, OPERATOR INTERFACE COMPONENTS AND POWER SYSTEM SYNCHRONIZATION
SYSTEMS.

4. THE ENGINE AND POWER TURBINE SECTION WILL HAVE A ONE (1) YEAR WARRANTY IN
ACCORDANCE WITH A STANDARD G.E. WARRANTY AND THE REMAINDER OF THE MODULE WILL
CARRY A ONE (1) YEAR WARRANTY BY THE SUPPLIER AND IN ACCORDANCE WITH A
STANDARD FACTORY WARRANTY FOR NEW EQUIPMENT OF THIS TYPE.

COSTS

1. COST DELIVERED TO SITE IN NORTH AMERICA    $ 6,000,000.00 USD

2.      COST TO ASSEMBLE THE COMPONENTS TO THE
PACKAGE AT THE SITE, INSTALL THE UNIT AT THE NEW SITE AND PUT ON-LINE,
INCLUDING CIVIL WORK FOR THE BASES, TURBINE BUILDING AND AUXILIARY
ENCLOSURES, FUEL PIPING, WATER PIPING AND RELATED WORK (ASSUMING ALL IS
LOCATED ADJACENT TO THE INSTALLATION POINT), AND SUPPLY FACTORY PERSONNEL FOR
COMMISSIONING AND UNIT START,  IS ESTIMATED TO COST AN ADDITIONAL....$
4,900,000.00 USD
(SUBJECT TO SITE INSPECTION)

TOTAL PROJECT COST,
UP AND RUNNING............... $8.5 Million USD

Talk soon,

Christopher D. Hayes

GLOWJAX LLC

glowjax@netcarrier.com

Ph# 1-(215)-541-1608....OR.....1-(215)-679-6093

1340 Moyer Rd.

Red Hill Pa. 18076

CONFIDENTIALITY This e-mail and any attachments are confidential and may
also be privileged.  If  you  are  not  a  named  recipient  please  notify
the  sender immediately  and  do not disclose the contents to another
person, use it for any purpose, or store or copy the information in any
medium

 - att1.htm


Randy,
 I have attached a simple release and settlement agreement for you use with
the customer.  Please call if you need anything further.


The report named: West NG Prices - Basis <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=45&report_name=West+NG+Prices+-+Basis&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/27/2001>, published as of 11/27/2001 is now available for viewing on the website.


I enjoyed talking with you the other day and am happy to answer your
questions:  both the Texas position and the Washington DC position report to
Rick Shapiro.  From a government affairs standpoint, I've divided the world
between Rick's group (the Americas) and Mark Schroeder's group (Europe and
Asia).  Both Rick and Mark report to me.

Joe Allen continues as part of the Texas legislative team, working for the
head of that group (formerly Kathleen Magruder).

Terry Thorn has taken a commercial position in Enron and no longer works on
government affairs issues for the company (except to the extent we call on
various executives to help from time-to-time).

"Untermeyer, Chase" <Chase.Untermeyer@COMPAQ.com> on 08/31/2000 04:53:09 PM
To: "'skean@enron.com'" <skean@enron.com>
cc:

Subject: Thanks & Questions

STEVE: I very much appreciate your call the day before yesterday and your
asking if I would like to compete to succeed Joe Hillings as head of Enron's
Washington office. Although until that moment I hadn't thought of returning
to Washington except to serve again in national office, I would be pleased
to talk further about this opportunity with you or your recruiter.

In recalling our conversation, I realize that twice you asked if I had any
questions, and if I had been quick to take advantage of your offer, I would
have asked how government relations are handled at Enron. To whom does Joe
Hillings report: to you or to Terry Thorne? You mentioned a woman who
currently has responsibility for government relations in Texas and some
neighboring states but is leaving for another job at Enron; to whom does she
report? Then there is Joe Allen, whom I have known since our days in the
Legislature; doesn't he (also) handle Texas affairs?

I am sorry I didn't ask you all this on Tuesday. Whatever the answers, it's
clear that government relations are  much more central to the work of Enron
than at Compaq, which is why it would be a very exciting place to work.
Thanks again for your call, your courtesy, and your indulgence with this
tardy line of questioning. With best wishes, CHASE.

CHASE UNTERMEYER
Director of Government Affairs
Compaq Computer Corporation
P.O. Box 692000-110706
Houston, Texas 77269-2000
Tel: (281) 518-1093
Fax: (281) 518-1106
chase.untermeyer@compaq.com


Attached please find the proposed credit terms for the ConEdNY omnibus.  As I
mentioned in the conference call, these terms will need to be refined prior
to finalization of the ISDA.  Comments or questions, please call.


Dave:

I have attached the "time allocations" (which are used for inside costs only)
by attorney to the various business groups.  We can derive the percentage of
total legal department inside costs from this chart, in order to calculate
the capacity charge, for ENA and the other wholesale groups and ENW.  We had
used this chart to bill back to the various business units within ENA, but we
will stop doing that now per our conversation.  Are you in agreement?

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 10/20/2000 09:17 AM -----

	Deb Korkmas
	10/20/2000 08:53 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: 2001 Allocations

See attached per your request.  Deb

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393


I have a morning appointment and will be in afterwards.  Sara


I did not get the attachment.

	"Michael Kirby" <mlk@pkns.com>
	05/10/2001 04:49 PM

		 To: <Richard.b.sanders@enron.com>
		 cc: <MMolland@brobeck.com>, <Sbishop@gibbs-bruns.com>
		 Subject: Proposed Protective Order with Sen Dunn

Attached is a proposed introduction which would tell the Federal Court why
the order is being done in Federal, not State, court. The existing draft
gives the court no suggestion why we are in that court. I would welcome your
comments.

The information contained in this e-mail message and any accompanying
documents is subject to the attorney-client privilege and/or the attorney
work product rule and is confidential business information intended only for
the use of the individual or entity named above.  If the reader of this
message is not the intended recipient or representative of the recipient, you
are hereby notified that any dissemination of this communication is strictly
prohibited.  If you have received this communication in error, please notify
the Systems Administrator at admin@pkns.com and immediately delete this
message from your system.


Herewith draft revised budget:

I added some costs for market data which were perviously allocated in from Networks and which I don't think were factored in
Despite the loss of two people today from the proposed research group I have left the HC in there for replacements
I adjusted compensation and mix of grades

Rgds
DP

 -----Original Message-----
From: 	Leschber, Edie
Sent:	Wednesday, January 02, 2002 10:18 AM
To:	Buy, Rick; Port, David
Subject:	FW: Business Plans

Please find attached the below referenced budget for NETCO for Market Risk/Research combined.  Included currently are primarily the basic employee costs based on average salaries and wages and average run rates (based on Sept 2001 YTD costs) for other types of expenses for your department.  It is very important that any additional costs specific to your department which you feel are not represented in this budget be added at this time.  Please review this budget and confirm to me your agreement or any changes or additions to it by 3:00 pm today.

Please feel free to contact me at X30669 with any questions you have regarding this information.

Thank you,
Edie Leschber
Manager, Financial Operations

 << File: Group_Netco.xls >>

 -----Original Message-----
From: 	Killen, Faith
Sent:	Wednesday, January 02, 2002 8:36 AM
To:	Hardy, Trey; Vandor, David; Leschber, Edie
Subject:	FW: Business Plans

We'll need to distribute the plans as currently prepared and work with the respective parties to finalize numbers by the end of today. Thanks.
 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, December 31, 2001 9:42 AM
To:	Belden, Tim; Calger, Christopher F.; Presto, Kevin M.; Duran, W. David; Robinson, Mitch; Forster, David; Curry, Mike; Arnold, John; Shively, Hunter S.; Milnthorp, Rob; Zufferli, John; Luce, Laura; Vickers, Frank; Neal, Scott; Lagrasta, Fred; Aucoin, Berney C. ; Steffes, James D.; Roberts, Mike A.; Grigsby, Mike; Tycholiz, Barry; Allen, Phillip K.; Redmond, Brian; Martin, Thomas A.; Kitchen, Louise; Colwell, Wes; Hodges, Georgeanne; Webb, Jay; Hillier, Bob; McAuliffe, Bob; Rub, Jenny; Hall Jr., Robert L.; Brackett, Debbie R.; Oxley, David; Bradford, William S.; Myers, Thomas; Schultea, Kathryn; Garcia, Paul; Reeves, Leslie; Buy, Rick; Port, David; Patrick, Michael K.; Haedicke, Mark E.
Cc:	Killen, Faith
Subject:	Business Plans

Faith Killen is putting together the new budget for Netco.  I would like to emphasize that you need to include all of your costs of restart (new software licences, additional legal support etc).  Please work with Faith to validate the numbers she is producing for January 3, 2002.

Thanks

Louise


- invite.doc


---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/19/2000 11:14
AM ---------------------------

Marcos_Cunha@WestLB.com.br on 04/19/2000 07:56:17 AM
To: marcosgcunha@ajato.com.br
cc:
Subject: Brazil Daily Apr 19

(See attached file: bd000419.pdf)

 - bd000419.pdf


The 2002 Gas Sales out of the West TX pool have been nominated and confirmed (60666), the deals are:

5000 to Reliant's contract 22637
5000 to Sempra's contract 24136

If you have any questions, just ask me.

Thanks,
Amy


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,
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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


Barry: I will send a note to Jacy. Also the funds I think we will go
     into are going to be more heavily weighted towards stocks, but will
     have some bonds as well, that what makes them a balanced fund. Also,
     do want us to manage the money Jacy has, or do you want to leave it
     with him? No problem either way, just let me know.
     Rob

______________________________ Reply Separator _________________________________
Subject: RE: Pension Rollover
Author:  "Tycholiz  Barry" <Barry.Tycholiz@ENRON.com> at Internet-Mail
Date:    8/22/2001 10:27 AM

I wasn't worried for a second.

I would like to have these funds in a portfolio that has a better
performance than money markets. I already have a decent amount of money
( 60K) in the Rice portfolio thru andrew agencies in Virden. You may
want to look at exactly what that is, contact Jacy Whyte at Andrew
Agencies... he will get you the details for Kim and I.

Was there a particular index fund you had in mind? What do you mean by
balanced ? Once we put it there I don't plan on touching or managing
this until I return to Canada.

Thanks, talk to you soon.

BT

-----Original Message-----
From: rob_mcdill_at_love-&-persson@ricemail.ricefinancial.com
[mailto:rob_mcdill_at_love-&-persson@ricemail.ricefinancial.com]
Sent: Tuesday, August 21, 2001 4:45 PM
To: Tycholiz, Barry
Subject: Pension Rollover

     Barry:

     You probably thought I had forgotten about you! I had not. I wanted
to
     iron out some areas of concern from my end here. As you know, I am
not
     supposed to do an investment for you while you are a resident of
the
     US. I have discovered that if we put the money into an account and
not
     make moves on it until you move back to Canada, then we can do it
if I
     use a Canadian address. I was advised to put the money into a
balanced
     fund and leave it there for now. My thoughts are to move it to a
     couple of funds in a self administered account and NOT make any
moves
     with it.

     Please review this note, and let me know what you think. If all is
ok
     I will mail you the forms to sign (which you signed here), and we
will
     get this moving.

     Hope all is well with you down there.

     Regards
     Rob

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Any questions, please call 3-5962

Randy Janzen


Our trader just noticed one difference between this Confirm and the one we
have with Chase.? The conversion to Canadian dollars in the Chase confirm is
done on each Friday in the Calculation Period and then at the end of the
Calculation Period, the prices are averaged.? In your Confirm, the amounts
are only converted on the Pricing Date.? The 2 have to be consistent,
therefore, can we change the language so it reads as follows:

"Currency Conversion:? For the purposes of this Transaction, the Floating
Price [for each Friday in the Calculation Period] shall be converted to a
Canadian Dollar equivalent at the Canadian Dollar/U.S. Dollar spot exchange
rate equal to the rate set forth on Reuters Page BOFC, under the headings
'Bank of Canada'; 'Canadian Dollar Exchange Rates'; 'NOON' opposite the
caption 'USD' as of 12:00 p.m. noon, Toronto time, (the 'FX Rate') [on each
Friday in the Calculation Period] (the 'FX Rate Calculation Date'), provided,
however, that if [such] FX Rate Calculation Date is not a Toronto Business
Day, the FX Rate will be determined on the Toronto Business Day immediately
preceding such FX Rate Calculation Date."

I put square brackets around the parts that I changed.

Thanks

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File -

This email may be privileged and confidential.?
Any dissemination or use of this information by a person other than the
intended recipient(s) is unauthorized.? If you receive this in error,
please advise me immediately.

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: September 28, 2000 7:14 PM
To: TRACY.ROSS@ROYALBANK.COM; bordenr@macleoddixon.com
Subject: Confirm

Sara asked me to send you the attached.

Kaye

(See attached file: ECCRBCnymexR1.doc)


Tangela,

I have listed your assignments for the summer below.  You will need to check
with each supervisor when you begin assignment to determine appropriate work
hours.  In addition, please review your school schedule with each supervisor.

Week of: Work Area Supervisor Ext. Location
June 26 Power Operations Leslies Reeves x37962 EB 3121F
July 3 Operational Pricing Model James Scribner x39641 EB 2118A
July 10 Operational Pricing Model James Scribner x39641 EB 2118A
July 17 Operational Pricing Model James Scribner x39641 EB 2118A
July 24 Global Data Mary Solmonson x36079 EB 3750
July 31 Global Data Mary Solmonson x36079 EB 3750

Please note:  Enron will be closed July 3rd & 4th in celebration of 4th of
July holiday.

Sally


Ladies and Gentlemen:

As a follow up to Jim Schiro's note, I would like to solicit your views and
understand your thinking as it relates to the Global Business Council.

It would be helpful to get your thoughts and ideas to develop the framework
of the Global Business Council in the following areas.  I am aware of the
pressures on your time.  Brief points, or the first thoughts that come to
mind will suffice.

ROLE

   What are the primary objectives/activities of the GBC?
   What are the specific activities that the GBC will undertake and those
   it will not undertake?

STRUCTURE

   Who should be members of the GBC
   How many members should be on the GBC?
   What are your recommendations for the 1) membership selection process,
   2)  membership period, 3) membership orientation

GOVERNANCE

   What should the leadership structure look like?
   How should leaders be selected, and the length of terms?
   How often should the GBC meet (keeping in mind the objectives of the
   group)?
   What are your recommended location (s) and/or format of meetings (e.g.,
   face-to-face in various locations, video conferences, etc.)

PROCESS

   How should the GBC operate in order to accomplish its goals (working
   groups, special projects, interaction)?
   Who should attend the meetings (WEF members, only GBC)?
   How should the GBC interact with the other councils (WEF consultative
   groups, etc.)?

PERFORMANCE

   How will the performance of the GBC be monitored (groups and
   individuals)?

     -    Performing the key responsibilities of the charter
     -    Council dynamics:  communication, discussion and consensus
     -    Interaction with the WEF and other councils
     -    Appropriateness of focus areas
     -    Attendance, preparation and participation

We will incorporate your feedback into a strawman charter and circulate it
for your review next week.

Thank you once again for taking the time to shape this thinking.

Sincerely,

Sunny

(P.S. - Many thanks to those who have already responded to Jim's initial
note).
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this in error, please contact the sender and delete the material from any
computer.


I have nothing to report.  --  kj
 -----Original Message-----
From:  Enron Announcements/Corp/Enron@ENRON
[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On
Behalf Of Mark Taylor (Vice President and General Counsel)@ENRON
Sent: Tuesday, June 05, 2001 4:43 PM
To: NYMEX Hedge Exemption List@ENRON
Subject: PLEASE READ

To:        Department:   ENA Legal

From:  Mark Taylor     Date: May 11, 2001
  Vice President and General Counsel

Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any related
commodity future(s) account either individually or acting with another person
pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business on June 15, 2001
if you have any power of attorney, control or have a financial interest in
any commodity futures account (other than an ENA or other trading affiliate
account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


Dear Mom,

Let's try this with Beal.

Luv
 Daisy (woof woof)

>
> > A new method!
> > >>
> > >> HOW TO BATHE THE CAT
> > >> >>   >
> > >> >>   >1   Thoroughly clean the toilet.
> > >> >>   >
> > >> >>   >2   Add the required amount of shampoo to the toilet water, and
> > >> have
> > >> >both
> > >> >>   >lids lifted.
> > >> >>   >
> > >> >>   >3   Obtain the cat and soothe him while you carry him towards
> the
> > >> >bathroom.
> > >> >>   >
> > >> >>   >4   In one smooth movement, put the cat in the toilet and close
> > >> both
> > >> >lids
> > >> >>   >(you may need to stand on the lid so that he cannot escape).
> > >> >>   >
> > >> >>   >CAUTION: Do not get any part of your body too close to the
> edge,
> > as
> > >> his
> > >> >>   >paws will be reaching out for any purchase they can find.
> > >> >>   >
> > >> >>   >5   The cat will self-agitate and make ample suds. Never mind
> the
> > >> >noises
> > >> >>   >that come from your toilet, the cat is actually enjoying this.
> > >> >>   >
> > >> >>   >6   Flush the toilet three or four times. This provides a
> "power
> > >> wash"
> > >> >and
> > >> >>   >"rinse" which I have found to be quite effective.
> > >> >>   >
> > >> >>   >7   Have someone open the door to the outside and ensure that
> > there
> > >> are
> > >> >no
> > >> >>   >people between the toilet and the outside door.
> > >> >>   >
> > >> >>   >8   Stand behind the toilet as far as you can, and quickly lift
> > >> both
> > >> >lids.
> > >> >>   >
> > >> >>   >The now-clean cat will rocket out of the toilet, and run
> outside
> > >> where
> > >> >he
> > >> >>   >will dry himself.
> > >> >>   >
> > >> >>   >Sincerely, The Dog
> > >
> > >
> >
> >
>


Robert:

The latest draft is attached below.  I still think we should add a reference
stating that defined terms are as outlined in the Agreement.  Let me know
what you think.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 11/20/2000 05:01 PM -----

	Jeffrey T Hodge
	11/20/2000 04:59 PM

		 To: Janet R Dietrich/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT
		 cc: Eric Boyt/Corp/Enron@Enron, David Fairley/HOU/ECT@ECT
		 Subject:

Attached is the proposed draft of the Initial Position for the Duke matter.
Let me know what you think.

Jeff