Sarah, I have reviewed your presentation. It is a good summary of our
consensus prediction for the timing of future regulatory action respecting
the merger.

-----Original Message-----
From: Sarah.Novosel@enron.com [mailto:Sarah.Novosel@enron.com]
Sent: Tuesday, October 31, 2000 3:16 PM
To: J.Mark.Metts@enron.com; Mitchell.Taylor@enron.com;
Ann.Ballard@enron.com; Dwight.Larson@enron.com;
Richard.Shapiro@enron.com; Steven.J.Kean@enron.com;
Joe.Hartsoe@enron.com; Paul.Kaufman@enron.com; awenner@velaw.com;
sangle@velaw.com; sbehrend@llgm.com; jrutkowsk@llgm.com
Subject: Timelines on PGE Sale

Attached are our power point slides laying out the time line for FERC
action.  The estimated time frames for FERC action, even without a
settlement, are somewhat more positive than we discussed yesterday (e.g.,
FERC order on the merits after a technical conference by mid-February).
Also, the group is somewhat optimistic that the FERC order in November
could be an order on the merits, without additional proceedings such as a
technical conference or a hearing.  These optimistic time tables are based
on the assumption that Sierra will not take any action that will alienate
or annoy FERC, which could result in a slowdown in FERC's approval process.

Adam Wenner, Steve Angle, Sam Behrends, Joanne Rutkowski and I all
discussed the various time frames that are laid out in the slides, but they
have not seen the slides, so we would like to reserve the right to amend
the slides once everyone has a chance to review them.  Also, as we
discussed yesterday, we would like to be able to revise the slides, if
necessary, tomorrow once we get FERC's agenda for its November 8 meeting
and we see what action FERC takes in the California investigation on price
spikes this past summer.

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

Sarah

(See attached file: Timeline for Federal Regulatory Approvals of PGE
Sale.ppt)
++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000053352&Page=MyReq.


Dear Power Outage Database Customer,
Attached you will find an excel document. The outage contained within is a forced outage. Your daily delivery will still contain this outage. Any questions please let me know. Thanks.
Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com
THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND CONFIDENTIAL INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.
 - OUTAGE.dbf
 - 121701.xls


Please see attached.

 - ER011401.1


Start Date: 1/22/02; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012215.txt


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/09/2000
08:59 AM ---------------------------

"Jan Svajian" <Jan.Svajian@dvn.com> on 06/09/2000 09:01:43 AM
To: <Ami.Chokshi@enron.com>
cc:

Subject: Keystone Shut Down

Nom change for 13th, 14th, and 15th plus shut down letter from Sid
Richardson.  Four attachments below.

 - Kermit Shut Down 13th.xls
 - Kermit Change 14th.xls
 - Kermit Change 15th.xls
 - Keyshutdown.doc


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 02/20/2001
03:53 PM ---------------------------

Gabriel Monroy
10/20/2000 07:56 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Executive Reports Add-In

---------------------- Forwarded by Gabriel Monroy/HOU/ECT on 10/20/2000
07:54 AM ---------------------------
From: Vern Vallejo on 07/12/2000 06:04 PM
To: John Jacobsen/HOU/ECT@ECT, Robert Richard/Corp/Enron@ENRON, Mason
Hamlin/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Mark Confer/HOU/ECT@ECT, Frank
Prejean/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT
cc: Sally Chen/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT, Christa
Winfrey/HOU/ECT@ECT
Subject: Executive Reports Add-In

Attached is the latest version of the Add-In for publishing Executive
Reports.  It contains the "Pulp & Paper P&L", "Pulp & Paper Position", "Pulp
& Paper Price", "Emissions Summary", and "Natural Gas Net Fixed Price
Positions By Book (Ignores Correlation)" subroutines.

John Lavorato is expecting to see these publish reports in the updated viewer
tomorrow morning!

To use this latest version of the Add-In:

Close all instances of Excel.
Detach the attached websave2.xla file into the Microsoft Office's Library
directory.  Usually this is C:\Program Files\Microsoft Office\Office\Library
Launch Excel.
Under the Tools menu selection, select Add-Ins...
In the "Add-Ins available" list, look for "Websave."  If present, uncheck
it.  This is the old version of the add-in.
There should be a "Websave2" in the list.  This is the current version of the
add-in.  Check it and click the OK button.

I've also attached a workbook containing a buttons for the new reports that
you can copy and paste into your production workbooks.

Here are the named range values and the sheet names for the reports:

Named Range	Sheet Name
nr_NGFixPB  	Natural Gas Net Fixed
nr_EmSum  	Emissions Summary
nr_PPPL  	Pulp & Paper P&L
nr_PPPos  	Pulp & Paper Position
nr_PPPrice  	Pulp & Paper Price


hello everyone,

Could someone please prepare an executable hardcopy amendment to the existing
Master Agreement with Torch Energy Marketing that would increase the
collateral threshold of this contact from $150M to $2.25MM.

Thanks
Brant


Karen,

I would be happy to attend lunch on Thursday.  Thanks.

Mat

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Monday, October 29, 2001 4:41 PM
To:	DL-ENA Trading Track
Cc:	Solis, Felicia
Subject:	Lunch - Thursday, November 1st

Folks,

We are scheduling interviews for candidates for the ENA Trading Track on Thursday.   We have 10 external candidates interviewing and we would like your support to mix and mingle with them over an informal lunch at 12:45pm in Room EB42C.

Please let me know if you can attend.

Regards,

Karen
x54667


Just wanted to wish you a good day.? Hope it goes (or went) well!!? Keran


Attention All  Jonses,
?
Uncle Ben is now on  the Internet.? His new Email address is:
?
buckeyetarheel@iopener.net
?
Please send him an  email immediately upon receipt of this message, so that
he can store your  addresses in his Address Book.
?
Love and  Stuff,
?
Kyle
?
p.s. Look at the  address headed of this message to find any family members
email addresses that  you didn't already know.
?
?
(Harrison) Kyle Jones
hkjii@erols.com
?
 - JONES, Kyle (Personal) (E-mail).vcf


Pursuant to Section 3(c) of the Truequote Price Posting Agreement, Truequote is required to "provide accurate matching ("mapping") through the ID interface".  I am working with product control and legal to conduct due diligence on the Truequote mapping as well as reviewing other aspects of the Truequote site that may create legally binding contracts.  Sign off by the legal group is a requirement for operating on third party transaction platforms and will be necessary prior to going live on Truequote.

In short the due diligence will focus on three primary areas:

Assuring that the product description language on the Truequote site accurately reflects Enron's products provisions
Physical testing to ensure that the mapping of products is accurate (ie when I select product A on Truequote I get product                       A on from Enron).
Assuring Enron is comfortable with all legal ramifications which may arise as a result of language posted on the Truquote site.

Below are Mark Greenberg comments on the legal process for third party transaction sites

Bob -

Thanks for the information and access id's.

As I indicated in my voice mail earlier today, the standard process is to run these deals through one central point and to ensure that a review of all descriptions and information related to each respective product to be traded is undertaken by a Legal Dept. member.   As you will note from the list of cc's, I have included legal dept. members involved in the physical power, physical gas and financial products areas.  These people will need to review the product definitions/descriptions - if any - on the Truequote site, as well as any other items associated with these products.  Accordingly, each of these individuals also needs a password/user id for due diligence purposes.

Each member of the legal and product control groups that are involved have an user id to Truequote and can begin the process.


Hello Iain ,
Well time is drawing near for another move
for us.
The problem is we do not have a heavy duty
copier for the floor.
We do need a copier.

Please inform me as how we can work through
this , maybe we can split the cost with others on the floor.

The move is schedule sometime at the end of the month.

I will keep you informed........

                                                           Thanks
                                                        Kevin Moore


Dear Ms. Panus,

I have reviewed the Confidentiality Agreement which you supplied with our
in-house legal staff and we have highlighted proposed changes in blue with
reference to the following issues:

1)  Description of "Representative" was too broad.  We feel accessing
information by employees and officers of Enron's Treasury Department should
be satisfactory for purposes of reviewing the credit.

2)  We do not see a reason why the information cannot remain confidential
indefinitely.

3)  Since California Energy Exchange Corporation is the Disclosing Party,
the jurisdiction governing this agreement should be California.

4)  It is our experience that an Arbitration requirement is not typical for
a Confidentiality Agreement.

Let me know if the proposed changes are acceptable.  If you could fax back a
signed copy today, I can send financials to you via Federal Express for
delivery to Wendi Lebrocq by tomorrow.

Thanks and best regards,

Timothy O. Wise, VP Finance
California Energy Exchange Corporation
2981 Gold Canal Drive
Rancho Cordova, CA  95670
Direct	(916) 463-0304
Main		(916) 859-4710
Fax		(916) 859-4747
E-Mail	Twise@gasbiz.com

-----Original Message-----
From: Panus, Stephanie [mailto:Stephanie.Panus@ENRON.com]
Sent: Wednesday, October 17, 2001 7:13 AM
To: Twise@gasbiz.com
Cc: Lebrocq, Wendi
Subject: Confidentiality Agreement with Enron

Mr. Wise,
Attached for your review is the form of Confidentiality Agreement which
Enron prefers.  Such Agreement provides more protection for the
Counterparty and limits the Agreement to a term of one year.

If such Agreement meets with your approval, we will prepare execution
copies.  If you have any questions or comments, please contact me via
email or at the number below.

 <<031CA(calif en xchg).doc>>

Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com

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

 - edited 031CA(calif en xchg).doc


Bruce,

Please launch the attached file to see a list of deals with the counterparty
GiroTondo Corp that need to changed as noted in the attachment.  If you could
please do this ASAP as I need to get back to Joe Hunter.

 - girogirotondo.exe

Thanks,

Errol, X5-8274


----- Forwarded by Steven J Kean/NA/Enron on 10/26/2000 11:39 AM -----

	James D Steffes
	06/02/2000 07:55 AM

		 To: Steven J Kean/HOU/EES@EES
		 cc:
		 Subject: Re: Dabhol Reg Risk

FYI.  Jane is doing a great job supporting the Reg Risk efforts.

JDS

---------------------- Forwarded by James D Steffes/HOU/EES on 06/02/2000
07:55 AM ---------------------------

Jane Wilson@ENRON_DEVELOPMENT
06/02/2000 01:10 PM
To: John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James D Steffes@EES
Subject: Re: Dabhol Reg Risk

Just had a preview meeting with Wade Cline and Neil McGregor (Pres. of DPC).
They are very supportive of the effort and felt that, while "Jane, you always
bring us such good news!" that the depth of analysis and real time concerns
articulated was an excellent thing for the company.  In fact, they wanted a
few more mitigants put in and then shot down, anticipating Jeff Skilling-type
questions.  Thus, this regulatory risk idea if done in depth for each
region/project, may be a bigger service for Enron than you guys had ever
anticipated.  They also thought of one more tack to take on the renegotiation
issue to figure out how far we could go.  Good deal.  (However, will still
wear body armor/butt plate into the Sanjay meeting next Wednesday).
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
06/02/2000 01:06 PM ---------------------------

	John Neslage

	06/01/2000 08:03:35 AM

To: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James D Steffes@EES

Subject: Re: Dabhol Reg Risk

Thank you for staying so on top of this, Jane.  I really appreciate it.

John

Jane Wilson
06/01/2000 06:19 PM
To: James D Steffes@EES, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Dabhol Reg Risk

They're working on the numbers, but it will be ugly.


Doug

I just sent this to Lloyd.  Appreciate your confidence on the matter...as you
can see not everybody is onside with things.  Unbalanced schedules go hand in
hand with LMP - logically we won't/can't get unbalanced schedules in ERCOT
without admitting we favor LMP for dispatch.  We can and will minimize this
point during the discussion about balanced/unbalanced schedules but
eventually one leads to the other.  Anyway the way in which LMP uses price
signals to clear congestion is in our commercial interests.

 I really don't understand what is going on...how can this possibly be just a
case of not understanding how things work?

Regards, Ron
----- Forwarded by Ron McNamara/NA/Enron on 03/02/2001 07:50 AM -----

	Ron McNamara
	Sent by: Ron McNamara
	03/02/2001 07:45 AM

		 To: Lloyd Will/HOU/ECT@ECT
		 cc:
		 Subject: What next?

Lloyd

 Yesterday I was at a meeting of the Protocol Review Committee in ERCOT.  At
lunch, Brad Jones from TXU approached me with some shock and surprise.
Apparently there is a fairly strong rumor going around that Enron has
retrenched back to the no "pool" zonal model, that I have been completely
marginalized, and that Robin Kittel resigned in response to this reversal.  I
assured him that this was not the case.  Then I receive a note from Bill
Hogan this morning (see below) which indicates what Rick Shapiro is saying
publically.  I know that I am prone to overreacting, but I don't see how his
statements help our efforts in ERCOT or SPP (or Florida for that matter) all
they do is allow other market participants to think we (I?) don't know what
is going on.  Why couldn't Rick have simply said that, as a general rule, for
the real time aspects of the market, we favor PJM?  He could have indicated
that we think there are problems with the FTRs, ancillary services and the
scale/scope of the RTO but for real time dispatch we think PJM has some real
benefits.  This would have been consistent with what we have been saying in
ERCOT and SPP - and what we will eventually have to say in the Alliance if we
are to be successful in changing that RTO.  Lloyd I really don't know what
else I can do...

Regards, Ron

Ron,

         I was on a panel yesterday with Rick Shapiro at an AEI Conference
in DC.  In response to a question about Enron's position regarding  PJM
type models, he said that there had been a filing in Texas which might have
created the impression Enron was now in support of a PJM
approach.  However, he said, it was more complicated than that, and in any
event that Enron had "withdrawn the filing in Texas."

         Has the filing been withdrawn?  What happened here?

Bill


Please make the return on Sunday earlier.  Before 12:00 would be great.

Thanks,
Mike


Bob Crites at El Paso Merchant Energy is interested in the Florida capacity as well.  I don't know how he relates to Grier Martin's group.  Bob's number is 713-420-2499.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, February 19, 2002 9:57 AM
To:	Concannon, Ruth
Cc:	Garza, Maria; Pollan, Sylvia S.
Subject:	Florida Transport contact

The gentleman interested in our Florida space is Henry Barth with FPL Energy Services (the retail group, separate from the group Mike Jessop works for).  His number is 561-694-4057.


fyi

Also, need to put assignment language in the PA. Kern allows for the
assignment of TSA's. Go figure!
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 01/22/2001
06:45 AM ---------------------------

Stephanie Miller
01/22/2001 08:45 AM
To: Kirk.t.morgan@williams.com
cc: kevin.j.billings@williams.com

Subject: Question About PA

Thought of another question re: the PA for the expansion. Why does the
agreement overide the GT&C tariff provisions for payment (last paragraph in
Article II)?

Also, can you extend the "management out" to Feb 21? My thoughts are that a
few more days are needed on our part. Will you have already programmed the
different scenarios such that it is not a rigorous processs to recalculate
the rates?

After we sort out the answers to these questions, we'll send a red-lined
version of the PA to you for review.

Regards,

Stephanie


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No need to review with policy committee.

Kalen Pieper@EES
06/14/2001 05:44 PM
To: James Sandt/ENRON@enronXgate @ ENRON, Steven J Kean/NA/Enron@Enron
cc: Suzanne Brown/ENRON@enronXgate@ENRON, Sharon
Butcher/ENRON@enronXgate@ENRON, Gary P Smith/ENRON@enronXgate@ENRON, Marla
Barnard/Enron Communications@Enron Communications@ENRON, David
Oxley/ENRON@enronXgate@ENRON, Robert W Jones/ENRON@enronXgate@ENRON, Cindy
Olson/ENRON@enronXgate@ENRON, Drew Lynch/Enron@EUEnronXGate@ENRON, Mary
Joyce/ENRON@enronXgate@ENRON, Cynthia Barrow/ENRON@enronXgate@ENRON, Sarah A
Davis/ENRON@enronXgate@ENRON, Marie Newhouse/ENRON@enronXgate@ENRON,
Elizabeth Boudreaux/ENRON@enronXgate@ENRON

Subject: RE: Clickathome - Proposed treatment for Involuntary Terminations -
Business Reorganizations

All,

Please let me know by noon tomorrow if you have any issues with this
approach.  If not, we are going to roll out this change effective close of
business tomorrow.

Steve/Cindy, I'd suggest that we simply make this change tomorrow.  Do you
feel the need to run it by any of the policy committee beforehand?

Kalen

From: James Sandt/ENRON@enronXgate on 06/14/2001 05:00 PM
To: Suzanne Brown/ENRON@enronXgate, Sharon Butcher/ENRON@enronXgate, Kalen
Pieper/HOU/EES@EES, Gary P Smith/ENRON@enronXgate, Marla Barnard/Enron
Communications@Enron Communications, David Oxley/ENRON@enronXgate, Robert W
Jones/ENRON@enronXgate, Cindy Olson/ENRON@enronXgate, Drew
Lynch/Enron@EUEnronXGate, Mary Joyce/ENRON@enronXgate, Cynthia
Barrow/ENRON@enronXgate
cc: Sarah A Davis/ENRON@enronXgate, Marie Newhouse/ENRON@enronXgate,
Elizabeth Boudreaux/ENRON@enronXgate
Subject: RE: Clickathome - Proposed treatment for Involuntary Terminations -
Business Reorganizations

Suzanne:

It is my understanding that everyone is signed off on the suggested revisions
to the Clickathome documents relating to redeployed individuals.   Tax is.

In summary, if a person is terminated from Enron or one of its subsidiaries
as a result of a business reorganization, the forfeiture penalty is waived.
The amount of the waived forfeiture penalty is added to that individuals
income as salary (imputed income) and is subject to Federal, State, and FICA
taxes.

V&E and I recommend that the changes are effective as of now and not
retroactive back to the start of the plan.  A retroactive date would weaken
the plan as it stands and take out some of the teeth that we put in at its
inception.

Jim

X 3 5673

 -----Original Message-----
From:  Brown, Suzanne
Sent: Wednesday, June 13, 2001 5:53 PM
To: Sandt, Jim; Butcher, Sharon; Pieper, Kalen; Smith, Gary; Barnard, Marla;
Oxley, David; Jones, Robert W.- HR Exec; Olson, Cindy; Lynch, Drew; Joyce,
Mary; Barrow, Cynthia
Cc: Davis, Sarah A.; Newhouse, Marie; Boudreaux, Elizabeth
Subject: RE: Clickathome - Proposed treatment for Involuntary Terminations -
Business Reorganizations

 To all, the severance pay plan is not affected.  Please refer to the
original language :

Reason for this email: Gain consensus on this change

Business Issue : Find alternatives to the PC forfeiture penalty when an
employee who has participated in the Clickathome program is involuntarily
terminated
   due to business reorganizations.

Proposed Alternative : Replace the cash forfeiture penalty with imputed
income to be reported on year-end W-2.   The alternative defers or removes
the cash impact to the    employee.  Employees moving to other Enron units
who currently do not participate in the program such as PGE and EFS will not
be required to    report the PC as imputed income as long as they remain in a
wholly-owned division.

New Process :  Requires payroll administration

Timing:   Effective immediately.
   Question:  Do you want this retroactive to program inception?

Other Applications: The imputed income option could be expanded to all types
of terminations. However, in doing so, would allow easier entry into the
program
   when an employee is planning to leave the company voluntarily.   No
recommendation at this time to change the forfeiture penalty for these
other    types of separations.

Please email me with your vote as Kalen is interested in enacting this change
as soon as possible for the current redeployment candidates.  Thanks.


Issue number 7 is of particular interest.  Lets get an opinion on this so we can forma a scheduling strategy.

NFB


Hi Tana, when I spoke to you last week regarding the FedEx bill charged to
one of our customer (Lake Side Packers) you gave the company number which is
great then you gave me a billing code.  Accounting has come back to me
indicating that they need a cost centre.  The billing code number apparently
does not mean anything to them.  Can you please forward me the cost centre to
which this FedEx bill should be charged to.  Thank you in advance for your
help.

Angela


Attached is the weekly GenCo model. You might want to start getting familiar
with it before things get heated up for FPL. We can sit down early next week
so that I can walk thru with you how the model works and how to update it
weekly.

Thanks.


Hi Gerry,

I don't remember anyone signing a notice of lien in Arizona.  I remember
seeing a bunch of lien notices, since they have to send a notice even if
payment isn't due yet.  I always thought that was strange, and sure created
clutter.  I can't remember if there was any requirement that we sign.  Does
Dewey remember?  If you didn't sign and Dewey didn't sign, that doesn't leave
many folks who would have done so.  I guess they could have changed the laws,
though.   Sorry I'm not more help.  I've forgotten more than I've remembered.

If you are near town this evening, we are celebrating Paige's 21st birthday
at Keneally's, staring around 7.  I'll buy.  I can't  believe she is 21. Very
disruptive of my self-perception.

Ciao,

Kay

"Turner, Gerry" <TurnerGerry@bek.com> on 06/07/2001 08:23:14 AM
To: "'Kay Mann'" <kay.mann@enron.com>
cc:

Subject: Arizona

Hello Kay---

I need some free legal advice and you are my favorite attorney.  I'll buy
you a drink as payment in kind.

Try and remember El Paso work in Arizona.  Arizona has statue that says you
must make a twenty day preliminary notice to file a lien.  If you don't file
such notice you waive your right to ever file a lien.  I remember this from
our previous work out there.

We have a vendor who is supplying services to one of our subcontractors.  He
has sent us a twenty day notice to file a lien.  There is no dispute but he
is sending the notice anyway.  I understand all of that.

My question is this----it asks for us (BE&K) to sign and acknowledge receipt
of the notice.  It doesn't exactly read like I am required to acknowledge
receipt.  What do you think or remember?  Am I required to sign the notice
or not.  Minor point I know, but I'd rather not raise the flag in
Birmingham.

Thanks.  I really just want to hear from you and this is all I could come up
with for an excuse to write.

Gerry Turner


---------------------- Forwarded by Chris Germany/HOU/ECT on 02/29/2000 02:24
PM ---------------------------

Chris Germany
01/31/2000 11:47 AM
To: Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Karen D McIlvoy/HOU/ECT@ECT,
Scott E Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT
cc:
Subject: Index worksheets

Hi team.  Guess what day it is??!!

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/31/2000 11:46
AM ---------------------------

Chris Germany
12/30/99 12:16 PM
To: Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Karen D McIlvoy/HOU/ECT@ECT,
Scott E Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT
cc:
Subject: Index worksheets

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/30/99 12:16
PM ---------------------------

Chris Germany
11/23/99 08:34 PM
To: Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Karen D McIlvoy/HOU/ECT@ECT,
Scott E Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT
cc:
Subject: Index worksheets

Hey team!  I probably won't be here when these are due.  After you finish
working on the sheet, print one copy for Kim Brown.

Thanks :)


no

SOblander@carrfut.com on 05/01/2001 11:44:40 AM
To: soblander@carrfut.com
cc:
Subject: Please respond

Carr is hosting an enymex presentation at our office in New York this
Monday, May 7th from 2-4 PM. We are double checking our head count to make
sure that we will be ready for the people attending the presentation.
If you would, please reply to this email with a yes or a no to indicate
your intentions of attending this enymex presentation.
Thank you.

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


nxb@allegrodevelopment.com


The attached worksheet has the Boston Gas contracts on Iroq and Tenn and the AEC contract on National Fuel along with all the other contracts we have on Iroq, Nat Fuel, ant Tenn.

The contract number is in column P and the three contracts are highlighted in a light blue.


Did you look at it on the website?  It looks like fun.  Michael and I could
probably have fun on the quiet water days.  I'll need a ladder, so I'll have
to break the news to Pop Pop.

Kay

"Neil Mann" <nmann@erac.com> on 03/14/2001 11:07:35 AM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: more kayak

Pretty cool!
So do you want a kayak for Spring Break next week? You will need a roof
rack. I'm sure REI has what we need. NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, March 14, 2001 10:44 AM
To: nmann@erac.com
Subject: more kayak

www.dagger.com.... and look at the Products, Recreational Kayaks section.

I am selling my Bayou II kayak by Dagger.  It is a two person, enclosed
style, kayak perfect for enjoyable kayaking with a special friend or family
member.  Especially good for fishing because one person can paddle and
position the boat while the other fishes.  Fast and extremely quiet!!!

$749 Retail(camo $50 extra), will sell for $ 550
2 person, tandem
polyethylene outer layer
camoflage color
wide cockpit and very stable
bow seat slides and locks for single person use
padded seats with adjustable back rests
bow deck rigging with recessed fittings
carry toggles(handles)
includes bow and stern inflatable flotation inserts
weighs 65 lbs
13 ' 6 " long
Max Load 450 lbs.


Mark -
Please review and advise on the following Product description for a "WTI
Physical Basis" product.  The pricing index is Platt's for the day of the
transaction with the difference between the 1st line WTI and other Platt's
indices (the example below is matched to WTI Midland; other Platt's indices
include:  WTS; LLS; HLS; Wyo. Sweet; Eugene Island; Mars; Poseidon; Bonito;
Kern River; ANS(Cal); Basrah Lt).

The exact delivery locations are in the process of being identified.
However, the description below uses Cushing OK as a location.

If you need to discuss further, please call me.  Thanks

Rob


Please put this on my calendar if you haven't already.

fletch

---------------------- Forwarded by Fletcher J Sturm/HOU/ECT on 08/07/2000
04:09 PM ---------------------------

	Enron North America Corp.

	From:  Lynn Pikofsky @ ENRON                           08/03/2000 04:35 PM

To: Laura Luce/Corp/Enron@Enron, Hunter S Shively/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Tim Hermann/Corp/Enron@ENRON, Bill Brogan/NA/Enron@ENRON,
Barry Tycholiz/CAL/ECT@ECT, Richard Tomaski/Corp/Enron@Enron, Cary M
Carrabine/Corp/Enron@Enron, Chris Sonneborn/HOU/ECT@ECT, Mark
Courtney/HOU/ECT@ECT, D.wear@pecorp.com
cc: Airam Arteaga/HOU/ECT@ECT
Subject: Alliance Meeting

Please mark you calendars for Thursday August 10th for the Alliance Meeting.
This meeting will be all day.  The location will be EB32C2.  Please let me
know if you have any questions.

Thank you,
Lynn
(312) 541-1379


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October 2001

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Hi Melba,

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

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

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

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

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


Re;  enovate/Peoples
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 10:39
AM ---------------------------

"Boyd J. Springer" <bjspringer@JonesDay.com> on 03/05/2001 12:04:15 PM
To: kay.mann@enron.com, gregg.penman@enron.com
cc:

Subject: Master Sales Proceeding

I called Jerry Fox to check on the status of the ICC Staff's testimony
which was to be filed Feb. 28. Jerry reports that Staff requested an
extension until March 29 to file their testimony. Staff has indicated that
it intends to conduct further discovery, i.e. send more data requests.
Jerry also says that Staff has inofrmed Peoples informally that it is
(apparently strongly) opposed to approval of the filing. Jerry says that
Peoples is considering whether to withdraw its Petition for approval. As I
understand it, this depends on whether there is a way to pursue
transactions with enovate without a need for approval (presumably under the
"market price" exception to the approval requirement.) I suggested that it
may be preferable to wait until Staff files its testimony (explianing its
position) before making a decision about withdrawal. Jerry says Peoples'
concern is the additional disocvery which may be conducted. As I understand
it, the case is being discussed internally at Peoples. I don't know whether
Peoples has discussed this with you (Gregg) or anyone at enovate.

==========
The preceding e-mail message (including any attachments) contains
information that may be confidential, be protected by the attorney-client
or other applicable privileges, or constitute non-public information.  It
is intended to be conveyed only to the designated recipient(s).  If you are
not an intended recipient of this message, please notify the sender by
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recipients is not authorized and may be unlawful.
==========


What goin' on?  It's all quiet down here.  In fact, even Jeff is just hanging
out.  He sat by me and made fun of Lake Charles for half an hour or so.  So I
don't feel so bad about not accomplishing a whole lot today.

Hope you're having a good day.
Robin


----- Forwarded by Jeff Dasovich/NA/Enron on 01/11/2001 07:56 PM -----

	Scott Govenar <sgovenar@govadv.com>
	01/11/2001 05:19 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Marcie
Milner <mmilner@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>
		 cc:
		 Subject: Extraordinary Session - Update

MEMORANDUM RE FIRST EXTRAORDINARY COMMITTEE SESSION

From:  Sandi McCubbin
            Mike Day

January 11, 2001

Note: This memo will supplement the committee analysis which you will
receive by separate fax.

ABX1-5 Keeley re the governance of the ISO and PX was discussed first.
A number of possible amendments were discussed by members.  Suggested
amendments included extending the term of members beyond one year,
increasing the number of members beyond 3, whether there should be
senate confirmation of ISO and PX board members, or at least voting
representation for the legislature on the Energy Oversight Board which
will approve the ISO/PX members.  There was also discussion of whether
FERC would approve of this new governance structure.   Another
discussion centered on whether the positions should be full time, as
opposed to part time, and how to define &affiliated8 in conjunction with
the bill,s ban on members of the ISO and PX being affiliated with a
market participant.

Support for the bill:  Consumers Union, EOB on behalf of the
administration, CalPIRG, PX, TURN, UCAN, ORA, Coalition of Utility
Employees.

Opposition:  ISO, which raised issues regarding incompatibility with
FERC orders and concern that the bill would lead to lengthy litigation.
They suggested that if the ISO and PX boards were appointed solely by
the California governor that FERC would not find that legally sufficient
to be &independent8.

ABX1-6 Dutra/Pescetti  addressed retained utility generation assets and
commission regulation of same.  The bill as written is merely a clean up
to clarify that the CPUC would retain jurisdiction over utility
generation after it is valued for purposes of calculating CTC*until and
unless the CPUC gives permission for the plant to be sold under Section
851.    The discussion evolved into a lengthy inquiry over the different
regulatory schemes for utility and non-utility generation.  Assemblyman
Leonard questioned whether it was efficient to have a market where a
portion of the generation was regulated and another portion
unregulated.  More and more members skirted the subject of attempting to
regulate the non-utility generators within the state.  In supporting
testimony, CPUC President Lynch essentially asked for jurisdiction over
such generators, stating that CPUC inspectors were denied access to an
AES plant at Redondo Beach for 9 hours during an ISO alert yesterday.
Chmn. Wright asked Lynch to assemble a list of the regulatory powers she
would seek.

In support:  CPUC, TURN, UCAN, CUE, PG&E, SCE

PG&E agreed with Lynch and also argued that the Legislature should
revisit the exemption regulation for marketers and non-utility
generators contained in Code section 216(I).   PG& also had suggested
technical amendments, which were not released, which dealt with
confirming that Section 367 still requires market valuation and that the
CPUC can set the ratemaking for such retained assets.

We have talked with the author about meeting with him after the
amendments are available.  No amendments were voted on for any of these
bills until they are brought up in the Senate.  Thus there was only
limited discussion of amendments.


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Yes, I do.  We had all discussed it and decided to use a "belt and
suspenders" approach and reserved the rights, if any.  You're probably right
not to mention them.

Thanks!

Candy

Dan J Hyvl
05/31/2001 11:31 AM
To: Candace L Bywaters/HOU/ECT@ECT
cc:
Subject: Re: Crane County 640 Acre Sale

Candace,
 If you look at your purchase document, you will see that you never received
the minerals.  Do you agree?

	Candace L Bywaters
	05/31/2001 09:14 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Steve HPL Schneider/HOU/ECT@ECT
		 Subject: Crane County 640 Acre Sale

Pls apprise me of your status on the preparation of the bill of sale for the
above properties.  Short of a mineral search, we have concluded that we want
to reserve the mineral rights, if any, in our agreement with the buyer.

I have whatever exhibits you need available for this document.  We would like
to have it by June 1 to offer to our buyer.

Thanks, Dan.

Candy


You may want to clarify this with Keegan as 1) your voice mail was full on that Friday, 2) Keegan tried to contact you in New York and the number she had for you was disconnected, and 3) we tried to locate the documents that Friday and were not able to.

	Cheryl Nelson Sent by: Cheryl Nelson 05/21/2001 11:00 AM 	  To: Sara Shackleton/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Tom Doukas/Enron@EnronXGate  cc: Keegan Farrell/NA/Enron@Enron  Subject: Re: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment (increase from USD25 Million to USD100 Million) in favor of Bear, Stearns, et al

Sara,

Moreover, Keegan represented to me that you requested that she locate for you the Securities Loan Agreement for you while I was out and that she went into my office and retrieved that document from my Enron Credit Inc. file and gave it to you.  So, I am not sure of the source of confusion about not being able to find my file but for future reference, the best thing to do is to ask Keegan how to contact me immediately and directly - when out the office she always knows how to reach me.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/

	Cheryl Nelson Sent by: Cheryl Nelson 05/21/2001 10:36 AM 	  To: Sara Shackleton/HOU/ECT@ECT  cc: Stephanie Panus/NA/Enron@Enron, Tom Doukas/Enron@EnronXGate  Subject: Re: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment (increase from USD25 Million to USD100 Million) in favor of Bear, Stearns, et al

Sara:

I will forward the documents to you.

For future reference, if anyone is looking for a file for an urgent matter while I am out, she should convey that fact to me by either (1) leaving a voice mail - as I checked my voicemails on Friday (that is how I was able to speak with Tom from New York on Friday) or (2) advise Keegan and she will contact me immediately by cell phone as she did regarding other matters on Friday.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/

	Sara Shackleton@ECT 05/15/2001 03:45 PM 	   To: Cheryl Nelson/NA/Enron@Enron  cc: Tom Doukas/Enron@EnronXGate, Stephanie Panus/NA/Enron@Enron  Subject: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment (increase from USD25 Million to USD100 Million) in favor of Bear, Stearns, et al

Cheryl:

I spoke with Clem and he is preparing the amendment for immediate execution as the signers will be at an offsite tomorrow.  I'll let Tom know as soon as the amendment has been executed.  Anna Meytina is on vacation so I left a message with Sharon Chernick.

In order to complete our files with respect to the Enron North America Inc. ("ENA") Securities Loan Agreement, please provide me with copies of the following documents:

(1)  assignment of the Securities Loan Agreement from ENA to ECI (or was a separate agreement with ECI executed?)

(2) termination of the prior Enron Corp. guaranty on behalf of ENA in the amount of  USD25 Million

I spoke with Stephanie and she could not locate your Bear/ECI files on Friday of last week.

Thanks.

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

<Embedded StdOleLink>
<Embedded StdOleLink>


Will do.  Thanks!


I'm fine with Thursdays as long as the meetings take place in Houston, not
Houstons.  :+)

	Jeff Dasovich@ENRON
	Sent by: Jeff Dasovich@ENRON
	11/07/00 10:15 AM

		 To: Wayne Gardner/Enron Communications@ENRON COMMUNICATIONS, Sue
Nord/NA/Enron@Enron, Donald Lassere/Enron Communications@Enron
Communications, Scott Bolton/Enron Communications@Enron Communications, Lara
Leibman/Enron Communications@Enron Communications
		 cc:
		 Subject: Re: Draft questions on regulatory aspects of bandwidth trading

Wayne:  If you insist, we can pass on Thanksgiving.

Others:  Any problems with changing the meeting to Thursdays?  If the
meetings are going to continue on a weekly basis, I'd like to try to attend
in person as much as possible (i.e., schedule permitting).  Currently, my
schedule doesn't permit me to be in Houstons on Wednesday mornings.  But
Thursdays would work.  If it makes things too complicated, not a problem.

Best,
Jeff

	Wayne Gardner@ENRON COMMUNICATIONS
	11/06/2000 06:08 PM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc:
		 Subject: Re: Draft questions on regulatory aspects of bandwidth trading

Thursdays would be OK by me provided that we don't have to meet on
Thanksgiving.

W. Wayne Gardner
Enron Broadband Services
1400 Smith Street
Houston, TX  77002-7361
Phone:  713 853 3547
Fax:  713 646 2532

	Jeff Dasovich@ENRON
	Sent by: Jeff Dasovich@ENRON
	06/11/2000 17:17

		 To: Wayne Gardner/Enron Communications@Enron Communications
		 cc:
		 Subject: Re: Draft questions on regulatory aspects of bandwidth trading

Greetings Wayne:

Sorry that I missed the last meeting.  I'll be attending by phone this week,
but would like to attend in person as often as I can (understanding that our
meetings will be weekly).  Now don't shoot me, but I was wondering if it
might be possible to have the meetings on Thursday mornings.  That way I
could actually be in Houston for the meetings (which my schedule doesn't
permit me to do on Wednesdays).  If it's too complicated, don't sweat it; I
can continue to do the meetings by phone.  But if Thursdays can fit into
folks' schedule, that would be great.  Thanks and talk to you on Wednesday.

Best,
Jeff


How does this list sound for committee.

Bradford
Brackett
Rohauer
Carson
Lowry
Gorte
Petersen
Murphy
Davies
Herbelot
Port
Schultz
Ruane
Buy
Heathman

Let me know. Tx. Rick


i hope that you are right.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 10:59 AM
To:	Nelson, Michelle
Subject:	RE:

youre not going anywhere

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 10:58 AM
To:	Maggi, Mike
Subject:	RE:

um ok.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 10:57 AM
To:	Nelson, Michelle
Subject:	RE:

nope, and stop

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 10:54 AM
To:	Maggi, Mike
Subject:	RE:

isn't that being too nice?  so i am freaking out about my job again.


Thank you for shopping at the http://www.LongHornStore.com!
We really appreciate your business!

The following is confirmation that your
order has been received.
According to our records, your order is as follows:

Order #TX97551874153873 Please refer to this number when
making any inquiries about this order.

Shipping/Billing Information:
Gerald Nemec
(713) 853-3512
1403 Banks
Houston, TX, 77006
US

Items Ordered:

1;  2000 Longhorn Videos (Individual Games);  0041-2000txvideo;  ;  Nov 24 -
Texas A and M;  ;  39.99

S&H..............$7.75
Tax..............$
Total............$47.74

If any of the above information needs to be corrected, please email
 customerservice@totalsports.net as soon as possible.  Please refer to
your order number TX97551874153873 and explain what should be corrected.
For information regarding our 30 day Return Policy, please visit the
Policies section of our online store or contact  customer service
 by phone or email.

NOTE: The LongHorn Online Store uses a variety of different suppliers
when shipping orders. If you ordered
multiple items, your items may arrive at different times
in separate boxes.  Most orders will be delivered in one to two
weeks unless otherwise specified on the website. If you have a
question about the status of your order, please email
customerservice@totalsports.net.

Sincerely,
The Total Sports E-Commerce Group


Jay,

I want to set up a monthly automatic transfer from my checking account but
have had trouble getting a PIN number from the phone number that was mailed
to me.  I want to have $1,065 transferred into the CMA account; on the 15th
of each month if possible.  I would like $150 transferred into 226-27211 and
then used to purchase the mutual fund already in the account, $175
transferred into 226-27210 and then used to purchase the mutual fund already
in the account, and then have the remaining amount ($740) used to purchase
the mutual fund in the CMA account (226-27209).  Please help.  Thanks.

DG
713-853-9573


Tana:

I don't know who Sue Kelly is so you may want to handle that end.  The London lawyers don't need anything further.  Thanks.

Sara

 -----Original Message-----
From: 	Jones, Tana
Sent:	Thursday, January 03, 2002 3:54 PM
To:	Shackleton, Sara
Subject:	Enron Credit Inc. Resolution

Do I need to fax a copy of this resolution to the London lawyers and Sue Kelly, or have you and Susan taken care of that?


Jan-

I checked the website for the hotels at Foz.  The tourism website is down.
It looks like  a great place.  I'll have to convince Renato to go (you know,
he might miss out on working out for one day).  I think the kids might like
it too.  Did Alexia and Sebastien like it or was it too much walking?  I
asked my boss about it.  He went with his family when he was living in
Argentina.  They really enjoyed it.  Can you go ahead and check on flights
and which hotel to stay at?  The Hotel Colonial Iguacu e Spa looked like the
nicer one on the internet.  I imagine the flights will be cheaper booking
them there.  Is that right?  Let me know the airline and I'll check here.  I
guess we would go on July 4 and return on July 5.  Also, would y'all want to
go as well?

Thanks for your help.

Susan


At the request of Bob Shults, I am attaching our proposed form of Letter of
Interest.  In addition, although we feel our current discussions are covered
by the Non-Disclosure Agreement between our affiliate Enron Europe Limited
and GFI Group, Inc., we would like to enter into a Non-Disclosure Agreement
directly between GFI and EnronOnline and Enron Net Works due to the ongoing
nature of our discussions.  If the enclosed meets with your approval, please
sign the enclosed documents and return them to me via fax (713) 646-3490.  I
will have them executed by Enron.  If you have any comments or questions,
please do not hesitate to call me at (713) 853-3399.


Mr. Priest's office had notified me this morning that the second and third
attachments below were diffcult to open.  I am resending them as the
attachments immediately below.  If anyone has further problems, please be
aware that the second and third attachments are the standardized  text
portions of the EEI Master Agreement, without any modifications by Enron, and
are available at the following  website: http://www.eei.org/   You must go to
"Energy Issues/News" to get to the menu with the "Standard Contract".

 -- David Portz

----- Forwarded by David Portz/HOU/ECT on 06/11/2001 08:46 AM -----

	David Portz
	06/08/2001 05:35 PM

		 To: mcarraway@watervalley.net, priest@yazoopsc.org, drhunt@watervalley.net,
amalmsjo@rwbeck.com
		 cc: Reagan Rorschach/Enron@EnronXGate, Kay Mann/Corp/Enron@Enron, Edward
Sacks/Enron@EnronXGate, Genia FitzGerald/HOU/ECT@ECT, Rhonda L
Denton/HOU/ECT@ECT
		 Subject: EEI Master Power Purchase and Sale Agreement --MDEA

At the request of Reagan Rorschach and Kay Mann, attached please find the
Cover Sheet, General Terms and Conditions and Attachments for the above
referenced Agreement for your review.  Please do not hesitate to call me at
(713) 853-9239 with any questions you may have.  --David Portz


I am waiting on revisions to the Dynegy Holdings, Inc. Gty.  So if you can push on these folks it would be great.  I have sent the final draft to Nicor Energy, LLC today for their review.  The Nicor Gty is ok.

 -----Original Message-----
From: 	Vanek, Darren
Sent:	Friday, October 12, 2001 10:23 AM
To:	Perlingiere, Debra
Subject:	Status

Can you please give me the status on the grties that i sent to you for Nicor Energy LLC from Nicor Inc and Dynegy Holdings, Inc?

Can you tell me who is requesting an Enfolio for AES NewEnergy, Inc?

-d


whatever

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 2:53 PM
To:	Maggi, Mike
Subject:	RE:

i'm to lazy

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 2:53 PM
To:	Nelson, Michelle
Subject:	RE:

first come up here

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 2:52 PM
To:	Maggi, Mike
Subject:	RE:

can you send some of it down here?  i am frozen!!!  and i am not liking it.  come down here and you can feel the arctic breeze.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 2:48 PM
To:	Nelson, Michelle
Subject:	RE:

no you should feel how much heat comes off these monitors, come up

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 2:45 PM
To:	Maggi, Mike
Subject:	RE:

i think that they call that withdrawal symptoms

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 2:43 PM
To:	Nelson, Michelle
Subject:	RE:

sweating

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 2:42 PM
To:	Maggi, Mike
Subject:	RE:

no, i'm frozen again.  i need a heater.  what are you doing?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 2:41 PM
To:	Nelson, Michelle
Subject:	RE:

are you thawed

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 2:38 PM
To:	Maggi, Mike
Subject:	RE:

i had to go thaw.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 2:33 PM
To:	Nelson, Michelle
Subject:

where did you go


This takes a while to download but is worth  it.? It illustrates the reason
Hillary Clinton would like to do away with  the Electoral College.

?http://www.sightings.com/general5/mandate.htm
 - The County By County Mandate For Bush - See For Yourself.url


It is amazing and yet not surprising how much Enron has accomplished in the
first six months of this year. You continue to make it happen.  We recognize
that you work hard every day to accomplish Enron,s business goals, and we are
pleased that many of you have shared in the company,s financial success
through Enron stock options.

As you may know, the current employee stock option program (also known as the
All Employee Stock Option Program or AESOP) began in 1994 and provided value
to participants through 2000.  Employees who have participated in this
program from its inception have realized a 1,119% increase in the value of
their stock options (assuming a stock price of $70) over the life of the
program.

Enron stock options are a valuable part of your total compensation package
and a contributing factor to your performance and to Enron,s continued
success.  Therefore, the Enron Executive Committee and the Compensation and
Management Development Committee of the Enron Board of Directors have decided
to continue to offer stock options as a part of your compensation package.

On May 1, 2000, the Committee approved an employee stock option program for
calendar years 2001 - 2005 (EnronOptions ) Your Stock Option Program).  It is
expected that EnronOptions ) Your Stock Option Program will be granted,
effective on or about December 29, 2000, for those employees who are eligible
on that date (please see note below).  The new program, which is subject to
final approval by Enron,s Board of Directors, is as follows:

? EnronOptions ) Your Stock Option Program will give stock options to
eligible full-time and part-time regular employees in domestic and
international companies/locations.
? The grant of non-qualified stock options will equal 25% of annual base
salary (5% of annual base salary for each year of a 5-year period) on
December 29, 2000. (Salary calculation and value may vary in some
international locations.)
? The Board will grant the stock options on December 29, 2000.
? Eligible employees hired in subsequent years will receive a prorated grant
of stock options.

Why commit your talent and energy to Enron?  EnronOptions ) Your Stock Option
Program, among other good reasons( that,s why.

In the coming weeks, you will be receiving more details about EnronOptions )
Your Stock Option Program.  To provide information and answer your questions,
we will introduce a special link on the Human Resources web-site, host
several eSpeak sessions and continue to communicate with you on a regular
basis.  In the meantime, if you have immediate questions, please contact your
Human Resources representative.

Note: In addition to final approval by Enron,s Board of Directors, granting
of options will be subject to New York Stock Exchange and state and federal
regulatory requirements.  It is expected that EnronOptions ) Your Stock
Option Program will be available to most Enron employees; however, some Enron
companies, employees may not be eligible due to legal, accounting, tax, labor
or business issues.  As you know, Enron changes to meet the needs of the
marketplaces we serve.  Given that need to change, we will continue to refine
the eligibility for EnronOptions ) Your Stock Option Program and will
communicate more details throughout the year with final eligibility being
determined on December 29, 2000.


As you are aware, Enron signed an agreement with Blockbuster Inc. last summer
to launch an entertainment on-demand service.  We announced today that we are
discontinuing our exclusive relationship with Blockbuster in order to expand
the offering by developing direct relationships with content providers and
distribution partners.

We have made tremendous progress toward our goal of becoming the leading
provider of entertainment on-demand over a digital platform.  We rolled out
the trial service in Seattle, Portland, Salt Lake City and New York in
December, and today subscribers are buying movies on-demand using the service
we created.

However, the exclusive relationship with Blockbuster has not yielded the
quantity and quality of movies needed to drive demand for this exciting, new
on-demand service.  Now that we have proven the concept, we want to take our
service to the next level by adding content and subscribers on an accelerated
basis.  We feel that this can be best achieved by pursuing entertainment
on-demand independently.

We intend to initiate discussions with various content providers for
delivering their content over the Enron platform.  We remain very positive
about the potential of this business for EBS and Enron and will keep you
apprised of our progress.


Dave,

Attached please find a revised copy of the Intelligence Press Information
Services Agreement.  Please pay special attention to the changes in Section 5
which allow excerpts of the reports to be posted on competing websites.

Jason


Possibly. And just for your information, I think that request was actually
three sentences crammed into one, with a misspelling thrown in for good
measure. Nice.

	Enron Capital & Trade Resources Corp.

	From:  Mark Guzman                           01/12/2001 02:27 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject:

Hey a few of us are going to grab some drinks after work wanna come?


Ben and Kay, given that 2 of the LOCs are for the Intergen deal, once the
sale occurs on the 18th of January you will need to have the LOCs
reissued/assigned to CA Development I and II.

 -----Original Message-----
From:  Clark, Catherine
Sent: Thursday, January  11, 2001 7:24 PM
To: Jacoby, Ben; Tweed, Sheila; Mann, Kay
Cc: Engeldorf, Roseann; Bills, Lisa
Subject: Letter of Credit from GE for LM6000s

The accounting group received a set of 3 faxes from GE with information on
Letters of Credit issued by GE with E-Next Generation as the beneficiary.
These documents need to be countersigned and I don't know if anything else is
required to "activate" the LOCs.  I'll fax copies to you all.
The documents are:
LOC 1: $4,289,200  (for the 6 Fountain Valley turbines, since the amount is
5% of the total turbine cost)
LOC 2: $717,600  (for Intergen turbine 1)
LOC 3: $717,600 (for Intergen turbine 2)

This is in accordance with the LM6000 purchase agreement (Section 6.1.3)
where GE must provide Retention Letters of Credit (the Retention Amount is 5%
of the purchase price) when E-Next Generation pays GE the final progress
payment (this final payment is scheduled to go out on 1/16/01).

The LOC docs need to be counter-signed within 30 days and then forwarded to
the E-Next Generation, since they are the beneficiary.

-Catherine
x3-9943


this reply email has 2 words too many.

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re: USAEE "Dialogue" Supplement

got it thanks


REK TX Uprising is this Saturday, May 26th
at the
CYNTHIA WOODS MITCHELL PAVILION!

MAIN STAGE SCHEDULE:
RECKLESS KELLY
2pm - 2:45pm

CORY MORROW
3:15pm - 4:05pm

JACK INGRAM
4:35pm - 5:35pm

CHARLIE ROBISON
6:05pm - 7:05pm

LOS LOBOS
7:35pm - 8:50pm

ROBERT EARL KEEN
9:20pm - 10:30pm

JAM SESSION
10:30pm - 10:50pm

SIDE STAGE SCHEDULE
BEAVER NELSON
1:30pm - 2pm

RODNEY HAYDEN
2:45pm - 3:15pm

ROGER CREAGER
4:05pm - 4:35pm

SLAID CLEAVES
5:35pm - 6:05pm

*gates open at noon!

TIX: PURCHASE TICKETS
Purchase your ticket to REK's Texas Uprising at any TICKETMASTER OUTLET!
or give them a call at 713-629-3700


"paulhastings.com" made the following annotations on 04/02/01 12:14:16
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of
conventional first name and last name plus @paulhastings.com.  Here are
two examples: janesmith@paulhastings.com and danjones@paulhastings.com.
If you have any questions, please contact us at noc@paulhastings.com.

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

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

In connection with  the above referenced matter, attached for your review
are?clean and  blacklined copies of the Letter Agreement.? The blacklined
copy has been  marked to indicate changes made to the initial draft provided
by  Enron.
?
Please note that the  attached draft of the Letter Agreement has not been
reviewed by NorthWestern,  and therefore remains subject, in all respects, to
NorthWestern's review and  comments.?
?
Please contact me  with any questions or comments.
************************************************
Jeremiah A. DeBerry, Esq.
Paul Hastings Janofsky & Walker  LLP
399 Park Avenue
New York, New York 10022
Phone: (212) 318-6458
Fax:???? (212)  319-4090
?
?
 - Clean Copy -  LETTER AGREEMENT.wpd
 - BLACKLINE -  LETTER AGREEMENT.wpd


All -

Please find the attached presentation regarding Project Hurricane current
status,

Steve Jernigan


Melissa:  Brant Reves has just confirmed for me that financial power deals in
the name of Aquila will change to Utilicorp United Inc. when the ISDA Master
is signed (any day now).  Of course, the confirm will be an ISDA confirm, as
well.   SS


---------------------- Forwarded by Mark Koenig/Corp/Enron on 01/31/2001
07:27 AM ---------------------------

"Niles, Ray [EQRE]" <ray.niles@ssmb.com>@ssmb.com> on 01/30/2001 11:01:44 AM
Sent by: "Morton, Benjamin [EQRE]" <benjamin.morton@ssmb.com>
To:
cc:

Subject: INTERESTING ANALYSIS OF POTENTIAL ECONOMIC IMPACT FROM CALIFORNIA
CRISIS BY OUR ECONOMIST, STEVEN WIETING

INTERESTING ANALYSIS OF POTENTIAL ECONOMIC IMPACT FROM CALIFORNIA CRISIS BY
OUR ECONOMIST, STEVEN WIETING

> * THIS SHOULD BE OF INTEREST TO PORTFOLIO MANAGERS AS WELL AS ENERGY
> ANALYSTS
>
> * SUPPORTIVE OF OUR OVERALL VIEW THAT MORE INFRASTRUCTURE IS NEEDED,
> AND THAT RE-REGULATION WILL NOT "SOLVE" CRISIS
>
> * FURTHER, PROVIDES SUPPORTIVE OF OUR POSITIVE VIEW ON THE ENERGY
> MERCHANTS AND POWER PRODUCERS
>
> * ANY QUESTIONS, PLEASE CALL MYSELF (212-816-2807) OR STEVE WIETING
> (212-816-7148)
>
 <<Electricity.pdf>>

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

s

 - Electricity.pdf


Great.  I'll be there.  Stop by, or call me at 415.505.6633, or 916.448.8240.

Best,
Jeff

-----Original Message-----
From: Boyd, Hap
Sent: Wed 9/12/2001 8:22 PM
To: Dasovich, Jeff
Cc:
Subject: RE: for Board review and comment

Jeff,

My biggest concern is that we draw attantion to our QF contracts and there is pressure for us to give up our capacity payment or the CPUC futher dilutes our energy payment. I also don't think it makes sense to attack the large companies that have the DWR contracts. We generally end up working together on various issues and I do n't want to damage the relationships. I agree with many of the points John makes, but I don't want to be identified with the letter.

Enron Wind also needs to see an Edison MOU bill passed so we can get paid our past due amounts and get our five year fixed energy price on our ISO4 contracts. I plan to be in Sacramento the next couple of days and will stop by Governmental Advocates.

Regards,

Hap


Gerald,
Both Chris and I are OK with the changes proposed by EGEP.  Please review.

Thanks
mk

Glenn Fox@ENRON
12/13/2000 04:16 PM
To: Mark Knippa/HOU/ECT@ECT
cc:
Subject: Revised ENAP Letter

Mark:

Attached is a redline version of your draft letter transferring the
opportunity from EGEP to ENA/ESA after review by EGEP's legal dept.  If you
would finalize the letter and send us an executable copy, it should be ready
for Jeff Sherrick's signature.  Best regards - Glenn


Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 09/29/2000 02:05 PM -----

	Matt Gillaspie <matt.gillaspie@brentonbank.com>
	09/29/2000 01:45 PM

		 To: Eric.Gillaspie@enron.com
		 cc:
		 Subject: RE: Reservation number.

This is my recommendation (the info under the double lines below was
typed earlier than this fresh info here):

DELTA Airlines ---- this cost you guys $5.00 more than Continental, but
save me about $230 + 2 days and we have better flight times in my
opinion

You three depart Houston Intercontinental
11/17 @ 1:35 p.m.
arrive Atlanta 4:43 p.m.
depart Atlanta 5:45 p.m.
arrive Madrid 8:10 a.m. (Saturday)

I leave Des Moines INTERNATIONAL Airport
11/17 @ 11:30 a.m.
arrive Atlanta 2:45 p.m.
depart Atlanta same as you

Returning on 11/27 . . .
We all depart Madrid @ 11:35 a.m.
arrive Atlanta 3:30 p.m.
then . .
You three depart Atlanta 5:35 p.m.
arrive Houston 6:41 p.m.

I depart Atlanta 6:00 p.m.
arrive Des Moines 9:32 p.m. (via Cincinnati)

YOU THREE's record loactor # is MEW487  ($483.90 tax included)
MY record locator # is ME1XEN  ($611.90 tax included)  <--- cheaper than
paying for a flight to Houston and staying overnight

Delta = 1-800-354-9822
We can each call them and give them credit card & frequent flyer
information (they also partner with United if you have a United frequent
flyer number -- and perhaps others as well)

A return on 11/25 is available, but not 11/26.  The 11/25 return would
add $20.00 to our cost each.

________________________________________________________________________
_
________________________________________________________________________
_

Continental International = 800-231-0856

The exact prior dates are not available.
We COULD depart Friday 11/17 . . . .
and
return Friday 11/24
-or-
return Monday 11/27
but not Saturday or Sunday (both the international & domestic legs are
sold out)

On Continental we have to fly through Newark as that is their gateway
city.
Since the flight must go through Newark (I also checked Northwest via
Minneapolis and all their flights are sold out for 3 or 4 people) . . .
I could actually just meet you guys in Newark -- it would cost me
probably about $100-150 more than to fly into Houston -- but it would
save me two days; one on either side of your departure/arrival.

Let me know and I'll call back and change the dates/times, etc. if you
want.

On NOVEMBER 17th you could leave Houston @ 7:40am, 1:20 pm or 2:20 pm
and still get to Newark to meet the 8:25 pm flight to Newark.  Tell me
which you would want (I suggest 1:20 pm).  Returning you would arrive in
Newark at 1:55 p.m. and depart for Houston at 3:20 pm arriving at IAH @
7:45 pm.  Perfect.

> -----Original Message-----
> From: Eric.Gillaspie@enron.com [SMTP:Eric.Gillaspie@enron.com]
> Sent: Friday, September 29, 2000 12:44 PM
> To: matt.gillaspie@brentonbank.com
> Subject: Re: Reservation number.
>
>
> Senor Matteo,
>
> Not a bad idea.  We're trying so hard to save money that we are
> getting
> nowhere.  I'll let you know by 3:30 if I got anything better, if not
> who do
> I call to give my CC info to, punk?
>
> Eric Gillaspie
> 713-345-7667
> Enron Building 3886
>
>
>
>
>                     Matt Gillaspie
>
>                     <matt.gillaspie@brento        To:     "Eric & Jen
> Gillaspie (E-mail)" <eric.gillaspie@enron.com>,
>                     nbank.com>                    "Gerald Nemec
> (E-mail)" <gnemec@enron.com>
>                                                   cc:
>
>                     09/29/2000 12:04 PM           Subject:
> Reservation number.
>
>
>
>
>
>
>
>
> Continental # JY6JHH   will expire on 10/2 if we do not confirm the
> reservation
>
> Confirmation for the four of us.  I called and made it JUST IN CASE
> you
> bumblefucks can't get the internet figured out.
>
> $423.00 + tax = $477.90 each
>
> 11/21 leave Houston 1:20 p.m.  via Newark, NJ  arrives Madrid 9:40
> a.m.
> on 11/22
> 11/29 leave Madrid 11:35 a.m.  via Newark, NJ  arrives Houston 7:38
> p.m.
> same day
>
> FYI.
>
>
>
> Matthew Gillaspie
> NASD Registered Series 7, 63, 53, 55
> Fixed Income Trading - Ingersoll
> Brenton Investments Inc.
> 515/237-5379
> 2840 Ingersoll Avenue
> Des Moines   IA  50312
> matt.gillaspie@brentonbank.com
> Tax Equivalent Yields that may be noted above are ESTIMATES ONLY and
> may
> not take into consideration unique qualities of the bonds or your
> clients tax situation.  Your client should CONSULT WITH THEIR TAX
> PREPARER OR ATTORNEY TO DETERMINE THEIR TAX EQUIVALENT FOR THEIR
> SPECIFIC INCOME SITUATION.
> Brenton Investments, Inc. is a wholly-owned subsidiary of Brenton
> Bank.
> Investment and insurance products offered through Brenton Investments,
> Inc. are not FDIC insured, are not deposits nor obligations of any
> bank,
> are not guaranteed by any bank and involve investment risk, including
> the possible loss of principal.
>
>
>
>


Shorty,

I hope your day is going well and your trader and thus you are having a good
day.  I just realized that I broke the "rules" last night.  I should say no
to a Friday night out when asked out on Wednesday night but I'll let it go
this time because we are going country and you are breaking out the t-shirt
and jeans.  When I think about it, that exception applies to every
situation.  I had fun last night and I think you will be relieved to know
that I can't get my huge belt buckle on order and shipped in time for
tomorrow so you are in the clear.

Ted


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/12/2001
02:28 PM ---------------------------

Lance Cunningham@ENRON on 02/07/2001 07:56:41 AM
To: Vasant Shanbhogue/HOU/ECT@ECT, Vkamins@enron.com
cc:
Subject: Dissertation work ion progress

This is my dissertation, it is about 80% complete.

Lance


I am under the impression that we still need to file the attached protest to
a 12/13/00 Cal PX FERC filing that would (in the PX's interpretation) allow
them to confiscate our collateral in the Block Forward Market to satisfy the
defaults of other participants in the PX markets.  Please let me know if we
don't need to file this.  Please give me your comments on the draft ASAP.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 04:26 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
02/01/2001 04:15 PM

To: <mary.hain@enron.com>, <smara@enron.com>
cc:
Subject: Protest to PX Compliance Filing re: Information Guide

I assume we still want to file this protest to preserve our rights.  Please
give me your comments ASAP.  Thanks.  Ron

 - 0137501.01


I thought that I sent my email, as you answered me. My fax is 925-600-8925.

-----Original Message-----
From: Steven.J.Kean@enron.com [mailto:Steven.J.Kean@enron.com]
Sent: Tuesday, May 15, 2001 3:51 PM
To: Joe Ronan
Subject: Re: Governor's Generator Phone calls

Can you please send your email addresses and fax numbers too.   (So I can
email you information)

Thank you.

Maureen McVicker
Steve Kean's Assistant

Joe Ronan <JoeR@calpine.com> on 05/15/2001 05:23:14 PM

To:   "'skean@enron.com'" <skean@enron.com>
cc:   James Macias <Jmacias@calpine.com>

Subject:  Governor's Generator Phone calls

Steve--I am at 925-600-2085, and Jim Macias is at 925-600-2306. Thanks.


The link to sign-up for Super Saturday is below.

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 10/27/2000
02:59 PM ---------------------------

	Enron North America Corp.

	From:  Charlene Jackson @ ENRON                           10/24/2000 09:20 PM

Sent by: Enron Announcements@ENRON
To: All Enron Employees North America
cc:
Subject: Super Saturday Changes

The recruiting season has officially begun.  The first Super Saturday weekend
is the weekend of October 27th and 28th.  We have undergone a rigorous
interview process on campus, which will allow us to focus on &selling8
candidates that are invited to Houston for Super Saturday.  Students will
arrive on Friday afternoon and will depart on Sunday morning.  We have
activities planned for the entire weekend.  The goal is to implement a Super
Saturday process that allows for consistent and meaningful hiring decisions
while also allowing the candidates exposure to a greater number of Enron
employees.  To that end, we have made the following changes:
Friday Evening Dinner.    The dinners will be held at the same restaurant.
We will provide transportation for all candidates.  We will continue to have
small tables of six individuals that will include two (2) Enron employees and
four (4) students.  There will be a group cocktail hour at the restaurant
before the dinner.  This will enable the Enron employees to meet and evaluate
more students.  It will also give the students broader exposure to Enron
employees.
Saturday Interviews.   Interviewers will receive their interview packages
(schedules and resumes) at breakfast on Saturday morning. This will
facilitate last minute cancellations of interviewers and/or candidates.  We
have allowed time to review resumes before the interview process. To
facilitate the completion of the evaluation form on each student, the
interviewers will remain in an assigned interview room and the students will
rotate.
In prior years, the interviewers have interviewed eight (8) candidates.
Interviewers will now interview only five (5) candidates.  The remainder of
the time will be spent in the decision-making meeting. It is essential that
all interviewers attend the decision-making meeting and that all evaluation
forms are completed and input prior to the meeting.
Decision-Making Meeting.   Rather than asking the interviewers to return on
Monday afternoon, we will hold the decision-making meeting on Saturday
following the interviews and lunch.  The meetings are scheduled from 1:30 PM
to 3:30 PM and will be facilitated by members of Enron,s executive management
team.  Dave Delainey will facilitate the October 28 meeting.  Kevin Hannon,
Jeff Shankman, John Lavorato, Rick Causey and Dan Leff will facilitate
subsequent meetings.
Need for interviewers.  There has been a tremendous response to the call for
dinner participants; however, we are still in need of interviewers for each
of the Super Saturdays.  Please respond with your willingness to interview
at:  http://axis.enron.com/notice/ssinvite.asp
(When selecting dates please avoid selecting to interview candidates who
attend the schools for which you are a team member).
We thank you in advance for your participation and support of the program.


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

Enron Happenings
Enron Kids' Center Now Open!
Associate/Analyst Disaster Relief Book Drive
Juvenile Diabetes Research Foundation "Walk to Cure Diabetes"
Museum of Fine Arts 2001 - 2002 Membership Drive
Alley Theatre
American Heart Association "Heart Walk"

Enron Volunteer Opportunities
Sunshine Kids at Astroworld!
Race for the Cure
Assist PSI HomeSavers with Home Repair
Northeast Houston Tropical Storm Allison Relief
MD Anderson Cancer Center - Children's Art Project

Enron Wellness
CanCare Cancer Support Network
Fall 2001 Fashion Show and Luncheon
Bella Rinova Spa at the Downtown Club (Met)

Involved Employees
Beginner Ballroom Dance Lessons
Par "Fore" Pets Golf Tournament
OPA! It's Greek Festival Time

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

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


I have highlighted the risk people in grey.  Can you add Jeff Gossett and Matt Olney?
I will send this to Power to check their names.

Thanks

 -----Original Message-----
From: 	Sever, Stephanie
Sent:	Friday, February 01, 2002 2:37 PM
To:	Hedstrom, Peggy; Theriot, Kim S.; Keiser, Kam
Subject:	FW: Internal Non-Traders

Please review the attached spreadsheet for Internal users within your area and let me know if any changes need to be made.

 << File: Users and Appl Group.xls >>

Thank you,
Stephanie Sever
713-853-3465


Due to the relatively weak real-time market during morning hours, we wanted to communicate a strategy for dec. bidding or buying-back generation that you've sold forward.  We want to stress that this is a relatively short-term strategy.  As the weather turns cold during the late-Autumn and Winter months, the morning hours actually trade at a premium on the real-time market.

Lately, HE1-10 have been very weak real-time, ranging between $25 and $40.  We have two strategies that we would like to suggest:
Group,
We have two important items regarding the services and asset management side of our business.

First,
The CAISO has been calling repeatedly regarding outages.  We will continue to call the CAISO for every outage (including when Black Hills goes down 200 kWh).  Donna has worked closely with the CAISO regarding their new tariff and her information appears below.  It is very important that we do not expose ourselves to charges by not notifying the CAISO of an outage.

Second,
We will be working with the generators to execute buy-backs or supplemental dec. bids when market conditions warrant.  Stan has written an email to the generators also detailed below.  Stan and Chris will be contacting the generators over the next few days to review this email with them.  Afterwards the Real-Time group will contact the generators and initiate one of the two strategies when profitable.  Real-Time will retain 50% of the profits over the generator's day ahead profits.  Please let me know if you have any questions or feedback.

Thanks,

Bill

__________________________________________________________________________

I have reviewed documents from the ISO's website regarding forced outages as they relate to the June 19 FERC order and concluded the following:

(1) During a System Emergency, a penalty based on twice the highest price paid for energy in the hour could be assessed if the Participating Generator does not notify the ISO of the outage within the operating hour of the outage, and

(2) During a Non-System Emergency, a generator could be assessed a penalty if it fails to report the forced outage within the operating hour.

If you have any questions at all, I can be reached at extension 7733.

Thanks,
Donna

__________________________________________________________________________

1.  Decremental Supplemental Bids
We can submit dec. bids to the ISO at a price below your cost to generate.  Basically, we would be letting the ISO know that we're willing to reduce generation and actually buy the mw's from the ISO to cover the prescheduled quantity.  You are still paid the day-ahead price for the day-ahead quantity, but instead of generating it, you would be buying it from the ISO.  For example, if your cost to generate is $40, and you sell day-ahead for $50, you make $10/MWh.  If the ISO takes the decremental bid, and the price is $30, then you make $20/MWh.

Advantages - A relatively large upside, the price the ISO charges could actually go negative, as large as negative $91.87.  Also, you would actually be buying from the ISO, as opposed to selling to the ISO and being subject to credit risk.

Disadvantages - Ten minute dispatch.  When we submit decremental bids, the ISO has the option to either reduce or increase output of the unit every 10 minutes.  In addition to the physical problems this might create, the settlements statement you receive might be relatively elaborate and possibly difficult to follow.

2.  Buying-Back Blocks in the Bi-Lateral Market:
This strategy calls for our real-time traders to buy blocks of energy in the bi-lateral market for below your cost to generate.  This would call for you to reduce your generation, and the energy we buy-back in the real-time market would be used to fill your prescheduled quantity.  Once again, you are still paid the day-ahead price for the day-ahead quantity, but instead of generating it, you would be buying it at the price paid to buy-back the energy.   As in the previous example, if your cost to generate is $40, and you sell day-ahead for $50, you make $10/MWh.  If we can buy-back the energy for a price of $30, then you make $20/MWh.   Additionally, if we do buy-back the energy, we will need to simultaneously submit incremental supplemental bids to the ISO to remain compliant with the FERC order.  Then, if the ISO takes the incremental bid, you can generate the power and sell for additional profit.

Advantages - No 10 minute dispatch (unless a supplemental bid is accepted).  You would know exactly when and for how long the unit would be down or reduced.  Also, the settlements statements would be relatively easy to manage.

Disadvantage - Not as large of an up-side as decremental bidding.

At this point in time we would encourage you to start with the strategy #2, buying-back blocks of energy in the bi-lateral market.  Once you and our real-time traders get comfortable with the operations of the strategy, then we should move forward and start submitting decremental supplemental bids to the ISO.  We propose a 50/50 profit split, above your day-ahead profit, earned from either of these two strategies.

If you have any questions or comments please call myself or Chris Foster.

Stan Cocke


Please let me know if you have any additions and/or if you are the contact
person for any of these issues.  Thanks.


I have forwarded to kelly
--------------------------
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