---------------------- Forwarded by Robert Benson/Corp/Enron on 05/11/2001
12:20 PM ---------------------------

Chris Dorland@ECT
05/11/2001 12:14 PM
To: Robert Benson/Corp/Enron@ENRON
cc:

Subject: Why One Firm Thinks Enron Is Running Out of Gas

---------------------- Forwarded by Chris Dorland/HOU/ECT on 05/11/2001 12:14
PM ---------------------------

	Dan Dorland
	05/11/2001 07:50 AM

To: Paul Devries/TOR/ECT@ECT, Jan Wilson/TOR/ECT@ECT, Jeff Borg/TOR/ECT@ECT,
Dave Ellis/TOR/ECT@ECT, Garrett Tripp/TOR/ECT@ECT, Stephane
Brodeur/CAL/ECT@ECT, Chris Dorland/HOU/ECT@ECT, kdorland@flint-energy.com
cc:
Subject: Why One Firm Thinks Enron Is Running Out of Gas

http://www.thestreet.com/_yahoo/comment/detox/1422781.html

Why One Firm Thinks Enron Is Running Out of Gas
By Peter Eavis
Senior Columnist
Originally posted at 5:23 PM ET 5/9/01 on RealMoney.com

A small research boutique with a reputation for rigorous analysis is telling
clients to quickly dump Enron (ENE:NYSE - news), believing that the energy
trading giant's 2001 earnings will fall well short of Wall Street's
forecasts.
Cambridge, Mass.-based Off Wall Street, led by analyst Mark Roberts, thinks
Enron's 2001 earnings will fall 6 cents short of the consensus estimate of
$1.79. The firm also believes Enron stock should trade around $30, nearly 50%
below Wednesday's $59.20.
The firm's 26-page report, published May 6, highlights Enron's declining
profitability and increasing leverage and suggests that the company should
trade on the same sort of multiple as a trading firm like Goldman Sachs (GS
:NYSE - news), which has a 2001 price-to-earnings ratio about half of Enron's
33 times. OWS also alleges that Enron's earnings quality is poor and that key
parts of its financial statements are confusing and opaque.
Houston-based Enron didn't comment by publication time on elements of the
report that Detox sent the company. An energy analyst who is bullish on
Enron's outlook says the OWS report contains fundamental misunderstandings
about the energy market and Enron's business model, but he says the report
does include some ground-breaking and valid insights. (The analyst's firm
doesn't give stock recommendations.)
Economies of Scale
Why care what Off Wall Street writes, compared with, say, analysts at Merrill
Lynch (MER:NYSE - news)? For one, OWS has an excellent track record.
Particularly sweet was 2000, when the tech stocks it had bashed came crashing
down. It has also shown itself to be well ahead of the curve, recommending
that clients sell e-tailer priceline.com (PCLN:Nasdaq - news) in June 1999,
when faith in Internet stocks was at its blindest and their prices at their
most insane.

Pulling Back
Enron retreats after long rally

Enron, with its domination of a burgeoning energy market, annual revenue of
over $100 billion and impressive earnings growth, can hardly be ranked
alongside the likes of priceline. But OWS thinks Enron is set for a
precipitous drop nonetheless. Why?
OWS's main beef is that key profitability measures are in decline. Margins on
Enron's pretax operating earnings (which the company's earnings releases call
IBIT, or income before interest, taxes and other items) are falling. Total
IBIT of $795 million in the first quarter amounted to only 1.59% of the $50
billion in revenue for the period, compared with a 2.08% margin in the fourth
quarter and 4.75% in the year-earlier period. Revenue in the first quarter
was nearly quadrupled from the year-earlier period, yet IBIT rose only 27%.
This shrinkage is due to lower-margin trading income making up an
increasingly large share of Enron's revenue base.
OWS thus calculates that for the remainder of 2001 Enron needs to generate an
extra $2.1 billion in revenue for each additional penny it makes over its
2000 EPS of $1.47 to reach analysts' expectation of $1.79.
The energy analyst counters that OWS apparently hasn't grasped how Enron can
continue to increase earnings even when margins shrink. It does so simply by
increasing volumes as the energy market balloons in size. In other words,
margins may decline, but since revenues are so much higher, earnings still go
up. Illustrating this, first-quarter 2001 EPS of 49 cents was 23% ahead of
the year-ago figure, even though the IBIT margin shrank by 3.2 percentage
points. The analyst thinks Enron will make $1.82 per share in 2001.
Growing On You
In addition, the huge growth in the energy market that has so helped Enron is
likely to continue for several years, according to the analyst. He notes that
roughly 75% of the electricity available in the U.S. still isn't traded in a
market. "Eventually it will be part of a competitive environment, but it'll
take five to 10 years," says the analyst. And he believes the extreme
volatility in energy-related commodities that has also benefited Enron will
exist for longer than OWS projects.
Still, OWS's point on profitability is bolstered by other profit measures.
Return on capital (net income as a percentage of equity plus debt) was 6.6%
in 2000, down on 1999's 6.9% and well below the 2000 returns on capital at
Duke (DUK:NYSE - news) (11.8%), Dynegy (DYN:NYSE - news) (12.1%) and even
Goldman (8.9%).
Even Enron bulls will admit that its financials are hard to follow. For
example, it doesn't give a gross margin number for its wholesale services, or
trading, business, which accounts for 96% of revenue. But one area of the
company's financial statements registered with the Securities and Exchange
Commission that consistently bugs analysts is the part that describes Enron's
related party transactions, which are the deals it does with entities that
have some sort of link to the firm. In fact, one of the related entities that
Enron has traded with is headed by Enron's CFO, Andrew Fastow. The energy
analyst comments: "Why are they doing this? It's just inappropriate."
The reason for maintaining these hard-to-follow related party deals has been
a source of speculation. But OWS analysis shows how a sales of optical fiber
to a related party may have been used to goose earnings in the second quarter
of 2000. Estimated profits from the so-called dark fiber (optical cable
without the gear to send data over it) transaction allowed Enron to beat
analysts' second-earnings earnings estimate by 2 cents a share, rather than
missing by 2 cents.
How soon before Wall Street follows Off Wall Street on Enron?


Attached is a draft of the turnkey construction contract for your review.

Ron,  As we discussed, Exhibit A - Scope of Work will need to be included.
Please note the following points:

1.  Liquidated Damages - Need to assess a value for these damages.
2.  Force Majeure - This would currently provide EE&CC with relief from the
In-Service Date requirements and consequently, the LDs.  Is this acceptable?
3.  Permitting - Need to specify in Exhibit F, those permits that ENA would
secure, and make EE&CC responsible for any others.
4.  Utility Coordination - Currently this is very generally.  Are there
specific responsibilities that should be stated in this Agreement wrt the
Utility?

Please review with these in mind.  I will be out tommorrow and Friday.  Let's
plan on meeting Monday to discuss the draft.


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                NOVEMBER 27, 2001

Notice ID: 3295
5 - NO RESPONSE REQUIRED

SUBJECT:  TCO CAPACITY UPDATE EFFECTIVE FOR WEDNESDAY, NOVEMBER 28, 2001

             THERE ARE NO CHANGES FROM PREVIOUS DAY

Effective Wednesday, November 28, 2001, capacities will be as follows:

Excess MDWQ              Available +
ISS Withdrawals          Available
SIT Withdrawals          Available
Imbalance Drawdowns      Available

Excess MDIQ              NOT Available +
ISS Injections           NOT Available
SIT Injections           NOT Available
Imbalance Paybacks       NOT Available

PAL Lends/Unparks        Available
PAL Parks/Loan Paybacks  NOT Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Non-firm receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            20,000
Broad Run (B9)          450,000
Cambridge (B10)               0
Dungannon (B11)          20,000
Highland (B17)                0
Milford (B18)            20,000
North Greenwood (B22)         0
Unionville (B15)         50,000

TEXAS EASTERN:

Delmont (C16)            10,000
Eagle (C22)              20,000
Hooker (C9)              20,000
Pennsburg (C23)          20,000
Windridge (C12)          20,000

NATIONAL FUEL:

Independence (M1)             0
Ellwood City (L1)        15,000

TRANSCO:

Downingtown (E3)          2,500
Emporia I (E13)          60,000
Rockville (E2)           60,000
Dranesville (E1)         50,000

CNR PIPELINE:

Wiser (827280)                0

DELTA:

Delta Natural Gas (819288)    0

ALGONQUIN:

Ramapo (R1)              25,000

ANR:

Paulding/Cecil           30,000
(F1, A2)

LEBANON AGGREGATE       100,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE        100,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach               700,000

Internal point non-firm capacity will be as follows:

Lanham                        0

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek            10,000
  (MLI E5)
Young Woman's Creek      10,000
  (MLI E9)

ALGONQUIN:

Hanover                       0
  (MLI R2)

EQUITRANS:

Fallen Timber            31,000
  (MLI K1)

Waynesburg-Rhinehart     20,000
  (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No restrictions for southern part of Market Area 36.
                          Primary receipts/deliveries only for gas delivered
                          in the northern portion of Market Area 36.
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

NOTE:  GAS DELIVERED IN THE NORTHERN PORTION OF MARKET AREA 38 OR THE NORTHERN
PORTION OF MARKET AREA 36 MUST BE RECEIVED FROM TENNESSEE GAS PIPELINE AT
HIGHLAND.

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

If you have any questions, please contact your Account
Representative.


Jeff,

Per our conversation last Friday, please see the attached letter regarding
payment of invoices.

Chris

P.S.  Original letter to follow via FedEx.


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

Thanks dude!

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

Chris,

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

Thanks!

Dave

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

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


We are working on the details of Todd's accomodations.  I view this as a
business trip on which we are allowing him to bring his family.  ENA is
picking up the cost associated with the family.  Sounds as if I need to make
sure we moderate expectations on those accomodations, but we will get that
handled.

That is great that Edith will be in London for part of Todd's stay.

Your notes ask for Astros tickets for Wed., April 10th.  Monday is actually
the 10th; Wednesday is the 12th.  The Astros play St. Louis on both of those
days., both evening games.  I would be happy to give you four tickets for
either one of those games.  Just let me know whether you actually want the
10th or the 12th.

We will definitely plan to get together while you are here in April.  I would
love to see Jo as well.  We will have to work the details.  I am planning to
be in London next week, arriving the morning of the 20th (Monday) and staying
through Thursday, so we should see one another before April.  I am working on
an agenda right now for next week, so I will be back in touch within the next
day or so to confirm some time with you there.  --Sally

Barry Pearce
03/13/2000 08:37 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Todd & Things....

To recap.

1. I think Todd is going to be here on 25th March. HR eare sorting out
accomodation for one month. Europe pay his costs, NA pick up family costs.

2. Spoke to Bernie A - Edith is going to be here for a week in the middle of
Todd's month.

3. I'll be in Houston w/c 8th April - lets get together then for an update.
Though I believe you may be here sooner than that?

4. Astros' - any chance of tickets for Wed 10th (v St Louis). I guess - to be
extra cheeky - can I have 4 - to take Jo and kids? No problem if that's not
possible.

Talk soon.

B.


Ben,

As a retired trial lawyer, I prefer saying less whether than more. I'll bring
the letters down and we can discuss specifics.

	From:  Ben F Jacoby @ ECT                           11/08/2000 12:40 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: My Changes to Westinghouse Letters

Kay:

Please review the attached, in particular letter 1 which deals with setting
the record straight on events to date. Thanks.

Ben


Can you email over to me the form of UK Industrial we worked out while I was
over there.  Thanks!


Dave:
Here is the latest version, please ignore the earlier version if you have not
seen it already.  Thank you!
Ben


The Help Desk did not receive calls on either of these items this morning.  That is positive and demonstrates that we have a process in place to resolve issues before a customer places a call.

I do think it is important to know; 1.) how were these resolved?  2.) what caused them and how can they be avoided in the future?

Brad

 -----Original Message-----
From: 	Smith, Chris A.
Sent:	Wednesday, October 24, 2001 6:35 AM
To:	Hottap HelpDesk; Kuehl, Toby; Holmes, Bradley; Buchanan, John; Kowalke, Terry; Schoolcraft, Darrell; Blair, Lynn; Nacey, Sheila
Cc:	Abshire, Scott; Hotte, Steve; Sawyer, Lisa; McFarland, Jean; Kedwaii, Hasan; Wagner, Glenda
Subject:	All tests were not completely successfully

All testing was performed, and was successful except for the following:
although ENW Resolution Center confirmed that Exchange servers are up, they have received reports that some people get a login screen when trying to access their Outlook.  They are instructing their users to cancel by the message.  We have not observed this problem in ETS.
while attempting to access the Flow Gas application, we were unable to hit www.infosource.com.  We paged the Business Objects on-call pager and will continue to follow up.


We have received the following executed Master Agreement:

Type of Contract:    Master Agreement (Industrial)

Effective Date:   March 21, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Statex Petroleum I, L.P.

Transactions Covered:   All products with the exception of:  weather, pulp
and paper, and foreign exchange


Alan:  I received a call from Steve Samuel (610-337-1000, EXT. 3009) who spoke at length with Susan Bailey this morning.  I oly know that this involves liquids so I've not returned the call.  Who do you want to handle for liquids?

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Can you work you legalies into this form.


As it appears I will be living and breathing the 32nd floor of the Enron
building well through the first of the year, I've decided to break down and
try to maintain my friendships via email.  You all know me well enough to
know that this a huge step on my part ( I am not the world's best emailer).
Anyway, I feel like I'm out of touch with what's going on in your collective
lives and am thus missing out on some pretty wonderful, exciting and special
things.  So when and if any of you get a chance shoot me back a quick note
and let me know what's new in your life.

Love you guys,
Susan

Jennifer - Hope work is going well.  I know this time of year has got to be
crazy for anyone in your line of work, but I'm sure you're handling it well.
We really need to go grab coffee, dinner, a movie or something soon.  I'm in
need of a good chat.

Jessica - I know you're in the midst of finals right now and probably about
to pull your hair out.  Just focus on the fact that they'll be over soon and
you'll be off to London to see Ashley and Lee ( I am so jealous).  Please
tell Clay I say hello and wish him good luck as well on y'alls exams.

Lisa - Hey sweetie!  I am so sorry I couldn't make it to your shower in SA,
but Jen said it went really well.  We need to get together soon I've missed
seeing you and especially hearing about the wedding and all the fun goings
ons in your life.  Tell Brad I say "Hi" and I'll be glued to the TV set just
like him on the on the 29th rooting on the Horns.

Emily - I really want to hear how your Thanksgiving went with Thomas and the
"Fam".  Knowing Thomas it went great and your entire family (especially your
Mom) is absolutely in love with him.  Keep me posted on your plans for the
future ( I'm curious where you're going to end up geographically).  Also, I
thought you'd find it interesting that I may have an opportunity to work in
your old hometown - Chicago.  Any thoughts?

Elizabeth - I have really been out of touch with you and I am very mad at
myself for letting that happen.  Please write back soon and let me know how
school, your family and this new man in your life ( okay, I'm not completely
out of touch) are all doing.  My guess is you're going through exams as well
right now so I'll wish you the best of luck and infinite success.


Gary,
 Please review the attached confirms.  if the appear in order, please send to
the counterparty.


I will be working on all RAC bonuses on Wednesday and ask that each of you
review  your department's bonuses on Thursday so that all of RAC can be
submitted on Friday.   Thanks.

Rick


Donna, would you please check this distribution list and let me know if you think we might have accidentally omitted someone that should have received an invite?  I don't want to leave anyone out that should come.  Thanks, Kim.

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Monday, August 27, 2001 9:23 AM
To:	Abdmoulaie, Mansoor; Asante, Ben; Betancourt, Ramona ; Burleson, Bob; Centilli, James; Corman, Shelley; Doll, Jeanette; Donoho, Lindy; Faucheaux, Eric; Frazier, Perry; Geaccone, Tracy; Goradia, Pallavi; Gottsponer, Morgan; Graves, Jerry; Harris, Steven; Hass, Glen; Keller, John R.; Kowalke, Terry; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Matthews, Ron; Moore, Jan; Pryor, Tony; Rice, Randy; Robertson, Audrey; Schoolcraft, Darrell; Veatch, Stephen; Watson, Kimberly; Blair, Lynn; January, Steven; Dietz, Rick; Giambrone, Laura; Hernandez, Bert; McEvoy, Christine; Miller, Beverly; Minter, Tracy; Mulligan, Amy; Ward, Linda; Cormier, Martha; Lee, Dennis; Alters, Dennis; Scott, Donna; Buehler, Craig; Kuehl, Toby; Hanagriff, Richard; Huber, Lee; Cabrera, Reyna; Ramsaran, Gale; Brown, Elizabeth
Subject:	Appreciation Luncheon for ETS' TW Teams

Steve Harris would like to let you know that your hard work during the past few months has been sincerely appreciated.

A "Thank You Luncheon" has been scheduled to express this appreciation.  Please mark your calendars to attend a luncheon on Friday, September 7, 2001, from 11:30a - 3:00p at Jillian's, 7620 Katy Freeway.

We hope that each of you will be able to share this time with Steve and the TW Commercial Group.

Please RSVP to me by Friday, August 31.

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


Cara Semperger
deal 580011
CP name should be BP Energy not BP Amoco.

Thanks


Hey Robert,,

Sorry I was out on vacation, and I did not think to ask Todd the name of his
headhunter, but I will and try to get back to you with some names this week.

Take care!


Joe is working with the Governor's office and so should go on that list, not
the sellers list.
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/15/2001
06:58 PM ---------------------------

"Joseph S. Fichera" <jfichera@saberpartners.com> on 05/15/2001 01:37:52 PM
To: skean@enron.com
cc:

Subject: Fwd: GENERATOR ORGANIZATION

Date: Mon, 14 May 2001 21:43:25 -0400
To: SKEAN@ENRON.COM
From: "Joseph S. Fichera" <jfichera@saberpartners.com>
Subject: GENERATOR ORGANIZATION

Good meeting you.  Sorry not to get this to you sooner.  See below.

Please use two e-mail addresses:

jfichera@saberpartners.com (NY)

joseph.fichera@gov.ca.gov (Sacramento)

PHONE NUMBERS BELOW...

joe

______________________________________________________________
Corporate Contact Information

Joseph S. Fichera
Senior Managing Director & CEO
Saber Partners, LLC
44 Wall Street, 12th Floor
New York, NY  10005

TEL: 212-461-2370
FAX: 212-461-2371

Web Site: http://www.saberpartners.com
______________________________________________________________
Corporate Contact Information

Joseph S. Fichera
Senior Managing Director & CEO
Saber Partners, LLC
44 Wall Street, 12th Floor
New York, NY  10005

TEL: 212-461-2370
FAX: 212-461-2371

Web Site: http://www.saberpartners.com


Please revise the document as Aleck's changes indicate.  With respect to the
alternative responses shown near the end of the document, leave both
alternatives in.
---------------------- Forwarded by Steven J Kean/HOU/EES on 07/31/2000 08:58
AM ---------------------------

Richard Shapiro
07/31/2000 07:08 AM
To: Aleck Dadson/TOR/ECT@ECT
cc: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON@ECT, Eric
Thode/Corp/Enron@ENRON@ECT, Richard B Sanders/HOU/ECT@ECT, Robert
Hemstock/CAL/ECT@ECT, Ginger Dernehl/HOU/EES@EES
Subject: Re: Project Stanley

I am comfortable w/ the changes. On question of whether we colluded W/
Powerex, I would opt for simpler alternative and say we complied w/ all rules
of the pool. Thanks.

To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Mark
Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Richard B
Sanders/HOU/ECT@ECT, Robert Hemstock/CAL/ECT@ECT
cc: Ginger Dernehl/HOU/EES@EES
Subject: Project Stanley

Privileged and Confidential - For Instruction of
Counsel                                                 Attached is a revised
copy of the Background note discussed earlier this week.  The revisions are
based on comments  from Frontier Economics and GPC, and further reflection by
Rob Hemstock and myself. I have also attached the  raw calculations from
Frontier that underlie several of the revisions.  I have not  sent the
revised document to outside counsel for review.


Alan - Please review the following report, and  let me know if their are any recent develpments(in your current projects) I should include in Jim's November update.  Thank you so much for your help, Bryan


To register your Palm Computingc organizer electronically, you must have an
Internet connection or a modem connected to your computer.

Or if you prefer, you can fill out and send the mail-in registration card
included in your Palm Computing package.

Special rewards only for registered users:

-FREE software programs *
-FREE technical support **
-Upgrade information
-Important updates

* For a complete list of free software, go to www.palm.com/eregdownload
** Subject to change without notice


There is an electrical problem at the plant, it went down on 9/10 and is at
zero until further notice.  The nomination was 4M/D.  This is the HPL/Miles
Baytown Plant.

I will keep you informed, I just received the call this afternoon.

Mary


This kind of fucks things up a bit.

Jason

 -----Original Message-----
From: 	Keeler, Jeff
Sent:	Monday, August 27, 2001 4:16 PM
To:	Affelt, Scott; Ahmed, Naveed; Allen, Phillip K.; Baughman, Edward D.; Benson, Robert; Bolton, Stacey; Boyd, Hap; Bradley, Rob; Churbock, Scott; Davis, Mark Dana; Dillingham, Gavin; Dobler, Mark; Eghneim, Gus; Gilbert-smith, Doug; Guerrero, Janel; Howley, Elizabeth; Huson, Margaret; Imai, Rika; Jacobson, Lisa; Jacoby, Ben; Jenkins IV, Daniel; Jensen, Ruth; Kaniss, Jason; Kellermeyer, Dave; Kendrick, William; Kroll, Heather; Landwehr, Susan M.; Llodra, John; Mainzer, Elliot; Malcolm, Rodney; Meyer, Vance; Middleton, Vince; Migden, Janine; Mitchell, Heather; Montovano, Steve; Moore, John; Moss, Alison; Murray, Julia; Neal, Scott; Nutt, David; Phillips, Marc; Presto, Kevin M.; Roberts, Dave; Robertson, Linda; Robinson, Mitch; Salhotra, Rajneesh; Schmidt, Ann M.; Schoen, Mary; Schroeder, Mark; Shafer, John; Shapiro, Richard; Shortridge, Pat; Soldano, Louis; Steffes, James D.; Stram, Bruce; Sturm, Fletcher J.; Terraso, Michael; Tingleaf, Drew; Van, Henry; Walsh, Kristin; Watson, Scott; Will, Lloyd; Worthen, Susan
Cc:	Keeler, Jeff
Subject:	Court Decision on NOx - EPA Section 126 Rule
Importance:	High

The U.S. Circuit Court of Appeals, DC Circuit, issued a ruling today on the EPA Section 126 Rule.  (As brief background, the 126 Rule would have required compliance with more stringent summer-season NOx caps starting in May 2003 in several northeast and Midwest states)

The Order states:

"It is Ordered that EPA's Section 126 Rule is remanded as to all cogenerators, but vacated only as to those cogenerators classified as electric generating units ("EGUs") under the rule that supply equal to or less than one third of their potential capacity or equal to or less than 25 MW to the grid for sale per year."   Translation:  This part of the order appears to "vacate" or completely throw out the 126 rule for small cogen units (under 25 MW) or cogen units selling less than 1/3 into the grid.   For all other cogenerators, the court remands the rule to EPA for re-working, consistent with some of the court's earlier objections about EPA's handling of cogens.   Impact:  EPA will need to go back and formulate rules for cogens altogether, so there is currently no NOx compliance schedule in place for cogen units.   EPA will need to start from scratch for smaller cogens.

"It is Further ordered that as of May 15, 2001, the date of this court's decision, the three-year compliance period for emissions limitations applicable to EGUs under the Section 126 Rule is tolled, pending EPA's resolution of the remand of EGU growth factors ordered by this court."  Translation:  This more significant part of the order "tolls" -- or puts on hold -- compliance with the 126 Rule for ALL ELECTRIC GENERATING UNITS (EGUs) until EPA resolves EGU growth factor issues that the court identified in its May 15, 2001 ruling.

Impact:  The practical effect of this part of the order will be to delay implementation of the Section 126 Rule until May 2004, when the EPA's NOx SIP Call regulation is scheduled to go into effect.   The EPA will not be able to re-issue its Section 126 rules in a time frame that would require compliance before May 2004.  The NOx SIP Call would have supplanted the Section 126 Rule in May 2004 anyway -- what this ruling does is take away some of the uncertainty that existed for the May to September 2003 period (original effective date of the Section 126).   This means that generators in states not covered already by existing NOx trading programs (OTR NOx program) will have another year to comply.

I will forward any more detailed legal analysis as I receive it, but this is the latest news.

Please call if you have any questions.

Jeff Keeler
Director, Environmental Strategies
Enron Corp
(203) 245-0828 office
(203) 464-1541 cell


TODAY'S HEADLINES
The New York Times on the Web
Sunday, April 7, 2002
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

/-------------------------------------------------\

Discover the new things to love about The Times.

http://www.nytimes.com/ads/marketing/whatsnew/
\-------------------------------------------------/

QUOTE OF THE DAY
=========================
"My words to Israel are the same today as they were a couple
of days ago: Withdraw without delay."
-PRESIDENT BUSH

http://www.nytimes.com/2002/04/07/international/middleeast/07PREX.html?todaysheadlines

NATIONAL
=========================
Fatalities Lead to Crackdown on Street Racing

Alarmed by a spate of deaths attributed to street racing,
authorities in the Portland area have begun a crackdown.
http://www.nytimes.com/2002/04/07/national/07RACE.html?todaysheadlines

-----

Drive to Ban Gay Marriage Is Accused of Duping Signers

Some Massachusetts residents say they were tricked into
signing a petition to ban gay marriages when they thought
they were supporting an anti-horse slaughter measure.
http://www.nytimes.com/2002/04/07/national/07HORS.html?todaysheadlines

-----

Admission Up for Minorities in California

Offers of admission to black, Hispanic and American Indian
students in the University of California system have
rebounded.
http://www.nytimes.com/2002/04/07/education/07CALI.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadlines

/--------------------- ADVERTISEMENT ---------------------\
Be Rewarded When you Shop the Best Brands in Beauty

Shop Gloss.com to get your favorite products from
the best brands in beauty  - Bobbi Brown, Chanel,
Clarins, Clinique, Est?e Lauder, M?A?C, Origins,
Prescriptives and stila - all in one place.

For a limited time, shop today for Free Shipping with
every purchase of $60 or more.

http://ads.nyt.com/th.ad/th-gloss2/glosstext.html/?_RM_REDIR_=http://www.gloss.com/module/Gloss/templates/home.jhtml?mktAdTrack=24700031
\---------------------------------------------------------/

INTERNATIONAL
=========================
Israel Presses On With Attacks, Focusing on Northern West
Bank

Ferocious fighting that has engulfed the Palestinian town of
Nablus continued into the early hours Sunday.
http://www.nytimes.com/2002/04/07/international/middleeast/07MIDE.html?todaysheadlines

-----

Sharon Plans to 'Expedite' Offensive, but Sets No Timetable

Responding to Israel's expanded military actions in the West
Bank, President Bush said on Saturday that Israel must
withdraw its forces "without delay."
http://www.nytimes.com/2002/04/07/international/middleeast/07PREX.html?todaysheadlines

-----

Potent Explosives Fortify Palestinian Arsenal

Israeli officials say they have evidence that the
Palestinians have recently augmented their limited arsenal
with significantly more powerful explosives.
http://www.nytimes.com/2002/04/07/international/middleeast/07ARMS.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadlines

BUSINESS
=========================
Tell the Good News. Then Cash In.

The pattern of executives reaping rewards from their own
mistakes, while shareholders suffer, is far more common
than many people realize.
http://www.nytimes.com/2002/04/07/business/yourmoney/07CASH.html?todaysheadlines

-----

Affluent Avoid Scrutiny on Taxes Even as I.R.S. Warns of
Cheating

The government looks for tax cheating by wage earners far
more carefully than it does by people whose money comes
from their own businesses, investments, partnerships and
trusts.
http://www.nytimes.com/2002/04/07/business/07TAX.html?todaysheadlines

-----

Those Sweet Trips to the Merger Mall

Mergers and acquisitions can be get-rich-quick paths for top
corporate managers, providing  a personal incentive to get
the deal done, no matter what happens to shareholders.
http://www.nytimes.com/2002/04/07/business/yourmoney/07MERG.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadlines

TECHNOLOGY
=========================
High-Tech Identity Checks

Attempts to improve airport security with new technology
have led to tools for identifying people using iris scans,
handprints and even cellphones.
http://www.nytimes.com/2002/04/07/travel/07SHELF.html?todaysheadlines

-----

'Queer Duck,' a Web-Footed Survivor, Migrates to TV

An animated series about a fey electric-blue waterfowl that
began on the Internet has been picked up by Showtime.
http://www.nytimes.com/2002/04/07/arts/television/07MEIS.html?todaysheadlines

-----

Motorola Seeks to Make Its Phones Easier to Use

Motorola Inc. said it will introduce new wireless telephone
screens designed to make it simple for customers to switch
brands without learning a whole new system.
http://www.nytimes.com/reuters/technology/tech-telecoms-motorola-design.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadlines

POLITICS
=========================
Sharon Plans to 'Expedite' Offensive, but Sets No Timetable

Responding to Israel's expanded military actions in the West
Bank, President Bush said on Saturday that Israel must
withdraw its forces "without delay."
http://www.nytimes.com/2002/04/07/international/middleeast/07PREX.html?todaysheadlines

-----

More Battles Loom Over Bush's Nominees for Judgeships

In a war of ideology, Senate Democrats and the White House
predict months of discord over the confirmation of judicial
nominees.
http://www.nytimes.com/2002/04/07/politics/07JUDG.html?todaysheadlines

-----

A Health Care Revolt, Remembered

Prescription drug coverage, an issue put on hold after the
Sept. 11 attacks, is back on the front pages, thanks to the
forces of rising drug prices  and election-year politics.
http://www.nytimes.com/2002/04/07/business/yourmoney/07SENI.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadlines

SPORTS
=========================
Hernandez Continues Starters' Dominance

Orlando Hernandez's one-hitter added to a streak by the
Yankees' starters, who have not permitted an earned run in
28 innings.
http://www.nytimes.com/2002/04/07/sports/baseball/07YANK.html?todaysheadlines

-----

Mets Rally in 9th After Piazza Is Hurt

Mike Piazza left the game with a bruised knee in the sixth,
but the Mets scored nine runs in the ninth for a win over
the Braves.
http://www.nytimes.com/2002/04/07/sports/baseball/07METS.html?todaysheadlines

-----

Islanders Qualify for Playoffs

The Islanders outlasted the Capitals to qualify for the
Stanley Cup playoffs for the first time in eight seasons.
http://www.nytimes.com/2002/04/07/sports/hockey/07ISLE.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadlines

ARTS
=========================
The Band Is Gone, the Waltz Plays On

Twenty-five years after its last live concert, the Band is
regarded as essential to understanding one of rock 'n'
roll's most creative periods.
http://www.nytimes.com/2002/04/07/arts/music/07DECU.html?todaysheadlines

-----

A Jewish Avenger, a Timely Legend

A new production of H. Leivick's Yiddish classic, "The
Golem," raises enduring questions about violence and its
consequences.
http://www.nytimes.com/2002/04/07/arts/theater/07SOLO.html?todaysheadlines

-----

Abba to 'Carmen,' a Singer's Odd Gamut

Anne Sofie von Otter, the 46-year-old Swedish mezzo-soprano,
has always been hard to pin down.
http://www.nytimes.com/2002/04/07/arts/music/07MIDG.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadlines

NY REGION
=========================
In 100 Days as Mayor, Countless Hours of Cutting Ribbons

Mayor Michael R. Bloomberg says his heavy ceremonial duties
have stolen from city hall policy work.
http://www.nytimes.com/2002/04/07/nyregion/07BLOO.html?todaysheadlines

-----

Admiring Remark on Jewelry Preceded Beating, Police Say

Detectives investigating the brutal beating of a Jersey City
man in Manhattan's theater district believe the melee began
with a simple compliment.
http://www.nytimes.com/2002/04/07/nyregion/07BOOT.html?todaysheadlines

-----

Enron Political Scandal? In Connecticut, Hardly

Democrats in Connecticut's General Assembly are holding back
from attacking Gov. John G. Rowland over the state's own
piece of the Enron scandal.
http://www.nytimes.com/2002/04/07/nyregion/07CONN.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadlines

OP-ED
=========================
Sacred Cruelties
By  MAUREEN DOWD
As the need for spirituality is growing, the credibility of
various faiths is waning.
http://www.nytimes.com/2002/04/07/opinion/07DOWD.html?todaysheadlines

-----

Lifelines to the Future
By THOMAS L. FRIEDMAN
President Bush's speech last week was particularly important
because he put America in exactly the role it should be
playing: restoring clear lines.
http://www.nytimes.com/2002/04/07/opinion/07FRIE.html?todaysheadlines

-----

Moral Duty, National Interest
By ZBIGNIEW BRZEZINSKI
In pursuing its Middle East policy, the U.S. has to be
guided by a strategic awareness of all the interests
involved, and not by the claims of any single party.
http://www.nytimes.com/2002/04/07/opinion/07BRZE.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadlines

-------------------------------------
Receive 50% Off Home Delivery of The New York Times
Newspaper. Click here:
http://www.nytimes.com/ads/headlinestext.html
-------------------------------------

HOW TO CHANGE YOUR SUBSCRIPTION
------------------------------------------------------------
You received these headlines because you requested The New
York Times Direct e-mail service. To cancel delivery,
change delivery options, change your e-mail address or sign
up for other newsletters, see http://www.nytimes.com/email.
Check or uncheck the headlines you would like to receive
and remember to go to the bottom of the page and click on
"Save Selections." To change your e-mail address, go to our
help center: http://www.nytimes.com/help.  Suggestions and
feedback are welcome at feedback@nytimes.com.

Please include the following ID number when writing to
feedback@nytimes.com so that we can track any reports of problems:
231084

HOW TO ADVERTISE
------------------------------------------------------------
For information on advertising in e-mail newsletters or
other creative advertising opportunities with The New York
Times on the Web, please contact onlinesales@nytimes.com or
visit our online media kit at http://www.nytimes.com/adinfo


Pacific Gas and Electric Co. intends to hit its customers with billions of
dollars in extra charges to cover the utility's soaring costs under
California's deregulated energy market, The Chronicle has learned.


Energy supply setback: Big generator can't be forced to sell emergency power
to the state, a U.S. court rules.
By Denny Walsh and Carrie Peyton
BEE STAFF WRITERS
(Published April 6, 2001)
In a development that does not bode well for California's energy supply, a
federal appellate court Thursday halted enforcement of a lower court order
that a big electricity generator must sell emergency power to the state
without guarantee of payment.
State energy officials said the ruling wouldn't have any immediate effect but
could precipitate a power emergency if the generator decided to take a plant
off-line for maintenance.
On March 21, citing "rolling blackouts (that have) darkened the California
landscape," U.S. District Judge Frank C. Damrell Jr. imposed an injunction
against Reliant Energy Services Inc., one of the nation's major generators.
Houston-based Reliant controls approximately 3,800 megawatts, or about 20
percent, of the gas-fired generation capacity in the state, and Damrell found
that loss of that production "poses an imminent threat."
But Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals
granted an emergency stay of the injunction, saying Reliant has shown "a high
likelihood of success on the merits" of its appeal.
While not spelling it out, the panel apparently bases its finding on the
question of the courts' jurisdiction over the energy market. The panel
directed that a hearing on the appeal be scheduled for the second week in
July.
The decision leaves California's electric grid more fragile, at least
temporarily, according to the state Independent System Operator, which
maintains and controls power transmissions.
It gives the agency no immediate recourse if Reliant chooses to shut down any
of its plants for maintenance, said ISO Vice President Jim Detmers.
"It's not going to change anything overnight, and it's not going to change
anything over the weekend," said Detmers. "But if Reliant decided on a
unilateral action to take their units off for maintenance ... we definitely
could have a system emergency."
Reliant officials, when told of the ruling, took a conciliatory tone but
declined to specify their next move.
"Reliant ... has pledged to keep the lights on in California," said company
lobbyist Marty Wilson, and "is still of a mind to want to cooperate."
Without further comment, the appeals court judges cited a 1980 U.S. District
Court decision. In that case, 14 cities sued Florida Power and Light Co.,
alleging that it was violating a number of laws in its sales of power and
production of electricity.
The judge found, however, that the Federal Power Act reserves oversight of
interstate utilities exclusively to the Federal Energy Regulatory Commission.
He ruled that only the commission may bring an action involving energy sales
into federal court -- unless it is a request to review a commission order,
and that goes directly to an appellate court.
The lawsuit before Damrell was brought by the ISO to force Reliant and two
other generators to respond to ISO's emergency orders for power, even though
the agency is buying on behalf of two retailers that are broke and hopelessly
in debt.
Because Pacific Gas and Electric Co. and Southern California Edison can't pay
their bills -- about $14 billion -- some wholesalers want to cut off sales to
the utilities.
The other three defendants in the ISO's suit -- Dynegy Power Corp. of Houston
and Tulsa-based AES Corp. and its marketer, Williams Energy Marketing &
Trading Co. -- have entered into written agreements with ISO to continue
supplying emergency power until the FERC decides whether they are required to
sell to companies that are not creditworthy.
But Charles Robinson, ISO general counsel, points out that the generators can
rescind those agreements with 48 hours' notice.
"My hope is this is a temporary setback," said Robinson. He added, however,
that the practical effect is "at least for now, we don't have a tool to
compel them to do what we believe they're obligated to do" -- respond to
emergency demands for power.
Reliant has insisted since the suit was filed Feb. 6 that Damrell has no
jurisdiction over the rate schedules that govern dealings between generators
and the ISO, and that the Federal Power Act mandates that the FERC must
settle any disputes about terms of those tariffs.
In issuing the injunction, Damrell acknowledged that the FERC has special
expertise concerning agreements between generators and ISO.
"Absent the extreme exigencies of the California power crisis, the court
agrees that a stay pending further action by the FERC would be proper," he
said. "But those are not the facts here. Electricity is in critically short
supply. The health and safety of the people of California are potentially at
risk."
Immediately upon receiving the 9th Circuit's order Thursday, attorneys for
the ISO asked Damrell to set an accelerated schedule for its motion to amend
the suit. The agency apparently has crafted a new complaint stressing its
view that the matter is an ordinary contract dispute over which the judge has
jurisdiction.
Damrell scheduled a hearing on the motion for Thursday.
In a further development that could complicate the state's dire need for
energy, an alternative supplier won a court fight Thursday to bypass the big
utilities and sell its power on the open market.
Timber giant Sierra Pacific Industries, which operates four biomass plants
that produce power for PG&E, obtained a temporary restraining order in
Sacramento Superior Court that says Sierra Pacific is not required to sell
its power to PG&E.
The ruling means PG&E and Southern Edison could lose power as alternative
energy generators, fed up with months of nonpayment, sue to be able to sell
their comparatively cheap product elsewhere, including outside the state.


As usual, you are awesome!  Let Steve know what the fuel waivers are when you
get them.

Thanks

Angie Zeman@ENRON
05/17/2000 10:07 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: June Fuel Waivers

Chris-

I sent all the paperwork to Pam for the June fuel waiver requests this
morning.  I will let you know when I hear about the results.   Thanks- AZ


----- Forwarded by Richard B Sanders/HOU/ECT on 01/09/2001 07:33 AM -----

	John L Nowlan
	01/08/2001 09:29 AM

		 To: Richard B Sanders/HOU/ECT@ECT, gharvey@gibbs-bruns.com
		 cc: Craig Story
		 Subject: ExxonMobil Bushton Processing Election - January, 2001

Richard, Grant, here is the reply from ONEOK, clearly notice after the 20th.
Would like to talk how we proceed.
---------------------- Forwarded by John L Nowlan/HOU/ECT on 01/08/2001 09:27
AM ---------------------------

mbelcher@oneok.com on 01/05/2001 04:12:51 PM
To: john.l.nowlan@enron.com
cc: s.craig.story@enron.com
Subject: ExxonMobil Bushton Processing Election - January, 2001

John

I am in receipt of your letter concerning Mobil's election not to process its
gas through Bushton for the month of January, 2001.  Below is a copy of the
email received from Mobil concerning their gas election.   We are developing
an
estimate of the processing costs for ECT.  Will forward under seperate cover.
In the future we will forward the Mobil notification when received.

Thank you for your patience.

Michael Belcher

---------------------- Forwarded by Mike Belcher/ONEOK on 01/05/2001 04:07 PM
---------------------------

Tom R. Chitwood
01/05/2001 03:58 PM

To:   Mike Belcher/ONEOK@ONEOKNTS
cc:

Subject:  ExxonMobil Bushton Processing Election - January, 2001

Per your request
---------------------- Forwarded by Tom R. Chitwood/ONEOK on 01/05/2001 04:02
PM
---------------------------

larry.e.vollmer@exxon.com on 12/21/2000 06:55:57 PM

To:   bmthomas1@duke-energy.com, mark_r_burroughs@email.mobil.com, Tom R.
      Chitwood/ONEOK@ONEOKNTS, george.m.hyde@exxon.com, kim_hardman@kne.com,
      doug_e_opdyke@email.mobil.com, sam_h_shaver@email.mobil.com,
      christina_r_thompson@email.mobil.com, sheryl_j_thompson@email.mobil.com,
      larry.e.vollmer@exxon.com, madelyn.g.siegmund@exxon.com,
      kenneth_i_morrison@email.mobil.com, ray_hoggatt@email.mobil.com
cc:   larry.e.vollmer@exxon.com, jennifer.h.finnan@exxon.com

Subject:  ExxonMobil Bushton Processing Election - January, 2001

Tom,

Please be advised ExxonMobil elects to bypass its gas at Bushton Plant for the
month of January, 2001 for NGL recovery only.  We elect to continue recovering
Helium for the month of January, 2001.

Please acknowledge receipt of this processing election notice.

Larry E. Vollmer
Gas processing Manager
ExxonMobil Gas Marketing Co.
Phone: (713) 656-0122
Fax:    (713) 656-6961
E-mail:  larry.e.vollmer@exxon.com


please change mike smith's email to be mike d smith.  Thanks.

From: Jeff Dasovich@ENRON on 12/21/2000 12:58 PM
Sent by: Jeff Dasovich@ENRON
To: Joseph Alamo/NA/Enron@Enron
cc: Alan Comnes/PDX/ECT@ECT, Dennis Benevides/HOU/EES@EES, Eric
Letke/DUB/EES@EES, George McClellan/HOU/ECT@ECT, Harry
Kingerski/NA/Enron@ENRON, James D Steffes/NA/Enron@ENRON, Jennifer
Rudolph/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Kevin
McGowan/Corp/Enron@ENRON, Lisa Yoho/NA/Enron@ENRON, Lysa Akin/PDX/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Michael Smith/ENRON@enronxgate, Mona L
Petrochko/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Richard
Shapiro/NA/Enron@ENRON, Roger Yang/SFO/EES@EES, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Stoness/HOU/EES@EES, skean@enron.com, Stuart Staley/LON/ECT@ECT, Susan J
Mara/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES
Subject: Re: California PUC Decision Info/Update

From the most recent information we have, the most likely outcome appears to
be the following:

As we've discussed this week, the administration and the utilities continue
to have a very difficult time reaching agreement on 1) how much of the
undercollection the IOUs should absorb and how much consumers should absorb
and 2) how big the rate increase should be to manage the IOUs cash
flow/credit  problems (governor wants 10%, IOUs want at least 20%).
It remains likely that the Commission will rule today on relaxing regulations
to make it easier for the IOUs to enter into longer-term contracts w/out
getting 2nd and 3rd guessed by the Commission.
It is likely that the Commission will signal strongly that it will not let
the IOUs go bankrupt but will only go so far as to outline its plan for
considering and implementing a "rate stabilization" plan in Q1 2001.

That said, the stakes are very high and things could change dramatically
between now and 2 PM PST.  Just talked to two SVPs with PG&E and Edison and
they said that they don't know what the Commission will do at 2.

Jeff

	Joseph Alamo
	12/21/2000 12:30 PM

		 To: George McClellan/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Stuart
Staley/LON/ECT@ECT, Lisa Yoho/NA/Enron@Enron, skean@enron.com, Richard
Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Wanda
Curry/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES,
Scott Stoness/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT,
Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Mona L
Petrochko/NA/Enron@Enron, Jennifer Rudolph/HOU/EES@EES, Eric
Letke/DUB/EES@EES, Vicki Sharp/HOU/EES@EES, Michael Smith/ENRON@enronxgate
		 cc: Jeff Dasovich/NA/Enron, Lysa Akin/PDX/ECT@ECT
		 Subject: California PUC Decision Info/Update

On behalf of Jeff Dasovich, please note:

the California PUC decision will be available on
the PUC website @ 1:00 PM PST.

The Commission will continue the meeting @ 2:00 PM PST
to address the issue.

Thanks,

Joseph Alamo
Sr. Admin. Asst.
Government Affairs - The Americas
San Francisco CA


---------------------- Forwarded by Mike A Roberts/HOU/ECT on 02/11/2000
03:29 PM ---------------------------

Charlene Jackson@ENRON
02/11/2000 03:13 PM
To: Celeste Roberts/HOU/ECT@ECT, Ginger B Gamble/HOU/ECT@ECT, Jana
Giovannini/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT
cc:
Subject: Charlie Weldon

Charlie Weldon is a candidate who was a summer associate last year.   I have
made the one and only exception for him on the starting date.  He works with
Mike Roberts and they had prearranged for him to work on a special project
during hurricane season.  Unfortunately, the project can't be delayed due to
the timing of hurricane season.  He will start in June to work on this
project.  It is not a project that a summer associate could work on so it is
not taking a job from one of them.

Mike totally understands the rationale for the starting date, etc. and has
promised in blood that Charlie will start the orientation with his class and
will not be pulled out to work on any projects during the 4 week
orientation.  He is also someone that they would take into their group after
orientation.

Mike is drafting a letter that he will sign in blood indicating his promise
re orientation.  Please keep an eye out for this individual when we send out
the material regarding starting dates, etc.

We need to also make sure Charlie understands that he must attend the entire
orientation.

Mike also promises to sing our praises about how great we are (smile-this is
my addition Mike did not say that, but I am sure he will do it)

Thanks


It is becoming increasingly clear that the development of eCommerce will have
a significant and continuing impact on the conduct of business in a broad
array of industries.  Through EnronOnLine, Enron has quickly become a major
catalyst for the transition to the web in the gas and electric industries.
EnronOnLine has been an enormous success since its launch.  Since launch, we
have completed 67,043 transactions on line, with a total dollar value of over
$25 billion.  EnronOnLine is now the largest eCommerce site in the world.

We believe that the competitive success of EnronOnLine is due to one very
specific reason.  In addition to providing a web-based platform for
transactions, Enron acts as principal to provide direct liquidity to the
site.  We stand ready at all times, in any market conditions, to buy and sell
at the posted price.  This converts a &bulletin board8 (the more typical
eCommerce concept) into a true market.  There are very few, if any,
competitors that can provide this capability.

We are increasingly convinced that this competitive advantage can be
dramatically expanded to other products and other geographies.  If we are
correct, this could provide an enormous new opportunity for growth for Enron.

Accordingly, we are initiating a major new effort to capture this
opportunity.  Effective today we are creating a new business, Enron Net
Works, to pursue new market development opportunities in eCommerce across a
broad range of industries.  It is likely that this business will ultimately
be our fifth business segment, joining transmission & distribution,
wholesale, retail and broadband services.

Included in this business will be our entire IT and technology group along
with significant talent and resources in market making and finance.
Initially, North America will provide primary direct support for staff
services and back office, however, over time we will be requesting support
services from virtually all Enron units to ensure continued growth and
success.  To facilitate the combining of commercial capabilities with these
new eCommerce platforms, Enron Net Works will work closely with the merchant
functions of North America, Europe, South America, CALME, Asia and Broadband.

Enron Net Works will be headed by Greg Whalley, Chief Executive Officer; Mike
McConnell, Chief Operating Officer; and Jeff McMahon, Chief Commercial
Officer.  These individuals will comprise the Office of the Chairman for
Enron Net Works and remain on the Executive Committee of Enron Corp.
Replacing Greg Whalley as President and Chief Operating Officer of Enron
North America is Dave Delainey, who will also join Enron,s Executive
Committee.

Global Technology will remain intact but will now be a part of Enron Net
Works.  It will maintain all of the same businesses and services as it did as
an Enron global function.  Philippe Bibi will remain the Chief Technology
Officer for all of Enron Corp. and continues to be responsible for the
development of worldwide technology standards and platforms.

EnronOnLine, headed by Louise Kitchen, will also remain intact and will now
be a part of Enron Net Works.  The success of EnronOnLine enables us to
utilize this site as a model as we explore other markets. In addition, the
following individuals are included in Enron Net Works along with their
current eCommerce initiatives: Harry Arora, Public Financial Securities; Jay
Fitzgerald, New Markets Identification; Bruce Garner, Metals; and Greg Piper,
Pulp and Paper.

Over the next several weeks we will complete staffing and organizational
design and will provide full details on this exciting new business
opportunity.


Start Date: 10/21/01; HourAhead hour: 1;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102101.txt
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


Wow, it's so weird reading these types of articles and seeing names of
people you knew very closely.  I can just imagine the nightmare that
everyone there is going through.  Has anyone heard how Jennifer, Kate, etc
are doing?  Hopefully, they are hanging in there.

By the way, I have some good news.  I have two offers to stay and work here
in London.  One is from BP and the other one is from a company called Trade
Capture.  The role is very similar at both except one if a well established
old company while the other one is very young.  Advantages to both so just
need to decide which route I want to take.  I will keep you posted.

Miss you guys.

Imelda

http://biz.yahoo.com/apf/020117/enron_investigation_1.html

_________________________________________________________________
Join the world's largest e-mail service with MSN Hotmail.
http://www.hotmail.com


In California -

STWBOM is 50 mw short on peak @ SP15. Day-ahead price is $27.60. Purchase to cover the short under the STWHOURLY book. Complete an inter-desk sale from STWHOURLY to STWBOM and enter a sale to the Cal-Imbalance under STWBOM to complete the deal.

STCALI is 48 mw long off peak @ SP15. Day-ahead price is $21.54. Purchase from the Cal-Imbalance under STCALI. Enter an inter-desk purchase from STCALI under the STWHOURLY book.

In the Northwest -

STNW is 22 mw short on peak @ Mid-C. Please purchase to fill this short at PGE System under the STWHOURLY book and enter an inter-desk sale to STNW. This lending deal is in through Thursday.

Please let me know if you have any questions.

Kate Symes
Real Time Trading Support
Office/503-464-7744
Cell/503-819-2181
Fax/503-464-7996


Thanks.

-----Original Message-----
From: MDay [mailto:MDay@GMSSR.com]
Sent: Monday, September 17, 2001 12:45 PM
To: 'Jeff Dasovich Enron SF'
Cc: 'Sue Mara at Enron SF'
Subject: Status of CPUC Proposed Decisions on Direct Access Suspension

Jeff:

At your request I am offering this memo to explain the status of the agenda
items before the CPUC on the issue of suspension of the direct access
program.  There are two pending draft decisions at this time, the first is
the proposed decision of ALJ Barnett (Item H-7 on the last agenda) which was
modified by a changed version submitted by Pres. Lynch at 2:45 pm on 9-5-01,
the day before the last meeting.  This version indicated that direct access
was suspended as of the date of the order (which would have been Sept. 6)
and states in another ordering paragraph that the utilities are to advise
their customers that the suspension is effective Sept. 6, 2001, specifically
naming that date.  This order would have been interpreted to suspend direct
access as of Sept. 6 if it had been voted out that day.  The other item,
Agenda Item H-7A on the last agenda, is the Bilas alternate decision which
calls for hearings to determine the impact of direct access on the issuance
of bonds, and does not suspend direct access at this time.

Please be advised that the suspension date contained in H-7 can and probably
will be changed before the orders are considered at the CPUC meeting on
Sept. 20.  Either the Sept 6 date will be changed to the 20th of Sept., or
some other specific date could be inserted at all the locations in the order
dealing with the suspension date.  All that is required to make this change
is the distribution of a changed page on the Escutia table before the
Commission meeting.  Thus, it is important for all direct access supporters
to continue to urge the Commission, especially Commissioner Brown, to
support a suspension date later than Sept. 6, because it is so easy for the
date to be altered under Commission procedures.

Please let me know if you require any additional information on this
subject.

Mike Day
Goodin, MacBride, Squeri, Ritchie & Day


----- Forwarded by Dan J Hyvl/HOU/ECT on 04/27/2001 03:32 PM -----

 <<LOOKUP~1.jpg>> WHERE DID IT GO? I KNOW I SAW ONE SOMEWHERE!!!!!!!!!
(See attached file: LOOKUP~1.jpg)

 - LOOKUP~1.jpg


<<CSFB_EnergyTech_dec5.pdf>>

Summary of Energy Technology Bulletin:

* Energy Co-opportunity (ECO) and Capstone have entered into a
contractual relationship whereby ECO will be a preferred provider of and
will offer Capstone's 30kW microturbine unit to the electric cooperative
industry.  The contract also calls for the purchase of 76 units, which ECO
believes will sell rapidly given the interest indicated by its customers.
* Dublin, Ireland-based power developer Eirtricity is considering the
development of what would be the world's largest wind farm.  The 500 MW wind
farm would see a combination of land and offshore-based wind turbines,
likely in County Wicklow.
* Calpine c*Power, a subsidiary of Calpine Corporation, and AFS
Trinity have entered into a strategic partnership that will see Calpine
c*Power market AFS' flywheel products as a component of its Reliable Power
Systems that are designed to serve datacom ports.

Best Regards,

Energy Technology Research
CREDIT | FIRST
SUISSE | BOSTON

Marko Pencak (Hardware)
Neil Stein (Independent Power and e-Commerce)
Cameron Jeffreys (Associate)

 - CSFB_EnergyTech_dec5.pdf


Sami:

Attached are POAs and Resolutions which we have used recently.  If you will confirm that these are OK--I'll get busy and start preparing them this afternoon, because I have a couple of hours available.

Nancy Muchmore
Enron Global Assets and Services
333 Clay St., Suite 2100
Houston, Tx  77002
(713) 646-6197 (phone)
(713) 345-5352 (fax)


Dear User,

The information that you requested from Netscape is below:

cde34rfv

Thank you,

Netscape Registration
http://home.netscape.com/


Dustin:

There are Oasis requests for Ameren with your name on them for which deals are missing in Enpower.  Please check it out and let me know the deal numbers.  Since this is the last week of the month we need to get these fixed asap.  If you need help or have questions, please let me know.

Thanks,
Marci

09/08
HE 17 @ 155 MW Oasis 971415
HE 18 @ 149 MW Oasis 971452
HE 19 @ 149 MW Oasis 971481

09/09
HE 15 thru 22 @ 100 MW Oasis 971917

09/14
HE 1 thru 6 @ 55 MW Oasis 975864


Thanks, good luck.
m

Patrick Wade
09/06/2000 06:20 PM
To: Mike McConnell/HOU/ECT@ECT
cc: Cathy Phillips/HOU/ECT@ECT
Subject: OU recruiting

Mike, I am in the middle of the Project Triple Lutz data room and unable to
attend the OU recruiting meeting tomorrow - HOWEVER, I will do anything you
or the recruiting office needs me to do to get more Sooners down here.  Let
me know what I can do to help.

Patrick


Please join me for breakfast on Monday, October 29 at 8:30 a.m. in Enron Center South 03980 Conference Room.  You can ask the receptionist on the 3rd floor for directions to the conference room.

This informal get-together is being held to discuss events occurring at the company, see what management can do going forward and ways we can improve employee morale.

I look forward to seeing you there.

Greg Piper


eSource presents Investext training

Investext offers immediate online delivery of original-image and full-text
research reports from more than 800 of the world's top investment banks,
market research firms, and trade associations.  This product is designed to
provide all the information you need to know about a particular company,
industry, or market.

Training Agenda Includes:
? General Introduction.
? Querying by company ticker in order to retrieve analyst reports.
? Querying via Investexts free text module to retrieve industry-specific
information: including statistics, economic indicators, analysis, trends,
forecasts and surveys.

Attend one of our Investext Clinics:

May. 11 - 10:30 -11:30 AM  EB572

And

May. 16 - 10:30 -11:30 AM  EB572

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
5-7928
Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

http://esource.enron.com


Dear Enron Employee:

Houston Ballet is presenting The Nutcracker through Sunday, December 30.  The production has been hailed by the Houston chronicle as "the crown jewel of holiday entertainment," and is a perfect introduction to the world of ballet for families and audiences of all ages.  Enron has been a long-time supporter of the Ballet, and we would like to thank you with a special invitation from Houston Ballet and TicketMaster for discount tickets to The Nutcracker.

Click on the following links below to receive a 25% discount on tickets to any of the selected performances of The Nutcracker.

To place your order, click on the link below to choose your day and time.  When requesting your tickets, you may choose from best available seats or a specific section, however, all ticket prices may not be available.  Ticketmaster service and handling charges will apply to your order.

Your company code is: NUT1.

Happy Holidays and enjoy Houston Ballet.

Performance Dates and Times:

Wednesday, December 26 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345C3DE86FB&event_code=EHL1226

Thursday, December 27 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345D10FB243&event_code=EHL1227

Saturday, December 29 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDB2A7A1&event_code=EHL1229M

Sunday, December 30 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDDBA7F9&event_code=EHL1230M


(See attached file: hpl0617.xls)

 - hpl0617.xls


Was your "Yes" an answer to my question or Bruce's?  I hope it was mine - any
particular preferences/schedule issues?

I can bring some sailing stuff for you - cruising guide to the Virgin Islands
and a couple of sailing videos if you want.

"Pier, Greg" <gpier@doubleclick.net> on 10/26/99 04:01:46 PM
To: "'Bruce Hutt'" <bhutt@ankarcapital.com>, Mark Taylor/HOU/ECT@ECT
cc: "Pier, Greg" <gpier@doubleclick.net>
Subject: RE: $

Yes

 -----Original Message-----
 From: Bruce Hutt [SMTP:bhutt@ankarcapital.com]
 Sent: Tuesday, October 26, 1999 4:38 PM
 To: Mark Taylor
 Cc: Pier, Greg
 Subject: Re: $

 This?
 -----Original Message-----
 From: Mark Taylor <mtaylo1@ect.enron.com>
 To: Bruce Hutt <bhutt@ankarcapital.com>
 Cc: Pier, Greg <gpier@doubleclick.net>
 Date: Tuesday, October 26, 1999 3:04 PM
 Subject: $

 >
 >
 >Thanks for taking care of that.  I'm glad the Moorings was able to
 accomodate
 >us.
 >
 >Will you guys be free to get together Sunday eve.?
 >
 >
 >


Please note this on your calendar for next year.  Also, does anyone have the Monday , September 10th date down?
 -----Original Message-----
From: 	Richard Joseph <rjoseph@mail.utexas.edu>@ENRON [mailto:IMCEANOTES-Richard+20Joseph+20+3Crjoseph+40mail+2Eutexas+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 06, 2001 1:34 PM
To:	rcausey@enron.com
Subject:	U.T. 2001 Fall Lyceum Series

Hi Rick,
I'm in the process of planning the U.T. 2001 Fourth Year PPA Fall Lyceum series scheduled for every Wednesday in the fall.  As you know, this series brings to campus distinguished practitioners who address our 4th Year PPAs (the equivalent of college seniors) on current issues in accounting and current trends in business.  Last year, you delivered a presentation in this Lyceum on "Global Equity Markets."
I'd like to invite you back this year to make a presentation on Wednesday, September 12, from 4:00 to 5:15 p.m. (new time) in UTC 2.102A.   This presentation would be in addition to the Enron company presentation scheduled for Monday, September 10 at the same time and place.  Please let me know (1) if the Wednesday date is convenient for you, and (2) the topic you would like to discuss.  Also let me know if I can facilitate your presentation in any way.
Best wishes,
Rick
Richard J. Joseph, Senior Lecturer and Director
Master of Professional Accounting Degree Programs
The University of Texas at Austin
Graduate School of Business
CBA 4M.202
Austin, Texas 78712
(512) 471-6559 (Office)
(512) 471-3365 (Fax)


here

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/
 - phase2.xls


Jim,

This is very helpful. I already forwarded my resume to the Tektronix contact you told me. I am forwarding you a copy of my resume as well just in case you something good crosses your way. I appreciate your help a lot.
This whole thing with my company happened so fast and caught me off guard.- a lesson for next time-.

Anyways please continue to keep in touch. I will do the same and keep you posted. You know we really do not want to go back home right now. I have a list of things I haven't accomplished yet.

Thanks,
Monika

-----Original Message-----
From: Nielsen, James - COB [mailto:NielsenJ@bus.orst.edu]
Sent: Thursday, November 15, 2001 3:58 PM
To: Causholli, Monika
Subject: RE: Advice

Hi Monika -

I have contacted the Head of the Finance Division at the University of
Colorado in Boulder to see if they offer assistantships. He is my major
professor from years ago. I will get back to you as soon as I hear from
him.

I am also forwarding to you in another email some info regarding
potential employment at Tektronix. Even though they will be coming to
OSU and you are in Texas, I would recommend that you forward your resume
to them and tell them you got the information from me. Tell them to call
me if they want to know more about you.

Jim

-----Original Message-----
From: Causholli, Monika [mailto:Monika.Causholli@ENRON.com]
Sent: Thursday, November 15, 2001 1:06 PM
To: Nielsen, James - COB
Subject: Advice

Hello Jim,

I was glad to hear back from you. So you are going to be a grandpa soon.
That's great news!

Well, the main reason I am writing to you is that I need some advice. I
would like to go back to school next year but I have no financial
security. My job prospects don't look good either now that Enron was
bought from another company.  I know that many private schools offer
scholarships as well as assistantships. I am looking into all of those.

It would be very helpful for me if you would help and direct me in the
right direction, let's say if you know a professor that would like to
have his own researcher which would help me in the process to go through
with school. I have a great deal of interest in finance, and that is
what I want to do, I really don't want to do a MBA, rather a MS in
Finance. I am very ambitious and work really hard to succeed. I have
great work experience and I have worked for a company that is well
recognized for its talent pool.

If you can't help me with this process, do you know anyone who can? I
really would appreciate any advice that you can give me because I have
no one else to get advice from right now. In addition, if you have any
contact in the job market I would look into that too.

Thanks Jim,
Monika

**********************************************************************
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.
**********************************************************************


Dan:

Citizens has come back with some questions on the amendment you drafted.  I
have discussed these changes with them and redrafted the agreement to adopt
some of their ideas but in a manner to make it more acceptable to us.  This
is attached.  Please review and edit this document and return to me so I can
forward to Citizens.

My number is 503/464-3822.

Chris


8:40 & 8:48 at brock hot sausage stand.....and golf course.  woody
is not in the e-mails because we hate him and he is no longer our
friend; oh wait that's john.  woody's not going because he has a
weeding to attend.

---------- Original Message ----------------------------------
From: "Richard Smith" <ras1119@hotmail.com>
Date: Fri, 14 Sep 2001 14:24:29 -0500

>can someone give me the tee times again and I might be able to
find one
>person and Woody's name is not on this list did anyone email him?
>
>
>>From: "Mark Molnar" <MarkM@cajunusa.com>
>>To: <martier@cpchem.com>,<Dutch.Quigley@ENRON.com>,
<ras1119@hotmail.com>,
>><siva66@mail.ev1.net>, <klyn@pdq.net>
>>Subject: RE:
>>Date: Fri, 14 Sep 2001 13:31:28 -0500
>>
>>or how about 3 groups of 2
>>or maybe 1 group of 6
>>or even 6 groups of 1
>>
>> >>> "Quigley, Dutch" <Dutch.Quigley@ENRON.com> 09/14/01 12:07PM
>>>
>>we can do two groups of  3
>>
>> >  -----Original Message-----
>> > From: 	"siva66" <siva66@mail.ev1.net>@ENRON
>> > [mailto:IMCEANOTES-
+22siva66+22+20+3Csiva66+40mail+2Eev1+2Enet+3E+40EN
>> > RON@ENRON.com]
>> > Sent:	Friday, September 14, 2001 12:02 PM
>> > To:	MarkM@cajunusa.com; Quigley, Dutch;
martier@cpchem.com;
>> > ras1119@hotmail.com; klyn@pdq.net
>> > Subject:	RE:
>> >
>> > don't you guys think we need at least a 7th for golf so they
will
>> > not make us pair up with someone else? my friend christian
>> > cancelled when he found out kevin was going to be there.
thanks
>> > alot kevin!!!
>> >
>> > ricardo
>> >
>> >
>> > ---------- Original Message ----------------------------------
>> > From: "Mark Molnar" <MarkM@cajunusa.com>
>> > Date: Fri, 14 Sep 2001 10:37:23 -0500
>> >
>> > >Jerry is a no for Sat.
>> > >
>> > >>>> "siva66" <siva66@mail.ev1.net> 09/14/01 10:30AM >>>
>> > >i hope so because we only have 6 so far: kevin, mark, dutch,
>> > >richard, ernie, and myself.
>> > >
>> > >
>> > >---------- Original Message ---------------------------------
-
>> > >From: "Mark Molnar" <MarkM@cajunusa.com>
>> > >Date: Fri, 14 Sep 2001 09:28:40 -0500
>> > >
>> > >>I'm glad someone else is starting to see what I've had to
put up
>> > >with all of these years.  You should have heard his response
as
>> > to
>> > >why he couldn't pay the rent or the phone bill or go grocery
>> > >shopping for the month.  Oh wait a minute that was Rob, not
>> > >Jerry.  I always get the two mixed up.  Once again I will
>> > >ask.....Jerry are you going to go golfing manana?
>> > >>
>> > >>>>> <Dutch.Quigley@enron.com> 09/14/01 08:10AM >>>
>> > >>jerry is practicing his law talk
>> > >>did not answer the question but gave a 500 word response
>> > >>
>> > >>    -----Original Message-----
>> > >>   From:   "Mark Molnar" <MarkM@cajunusa.com>@ENRON
>> > >>             [mailto:IMCEANOTES-
>> >
>+22Mark+20Molnar+22+20+3CMarkM+40cajunusa+2Ecom+3E+40ENRON@ENRON.c
>> > o
>> > >m]
>> > >>
>> > >>
>> > >>   Sent:   Friday, September 14, 2001 8:00 AM
>> > >>   To:     martier@cpchem.com; Quigley, Dutch;
>> > >>             IMCEANOTES-
Wolphguy+40aol+2Ecom+40ENRON@ENRON.com;
>> > >>             ras1119@hotmail.com; siva66@mail.ev1.net;
>> > >jramirez@othon.com;
>> > >>             klyn@pdq.net
>> > >>   Cc:     john_riches@msn.com
>> > >>   Subject:  RE:
>> > >>
>> > >>   Three
>> > >>
>> > >>   >>> "Martinez, Ernesto Jr" <martier@cpchem.com> 09/13/01
>> > >06:30PM >>>
>> > >>   WHat is the over/under on the number of times Jerry
throws
>> > his
>> > >club(s)?
>> > >>
>> > >>   -----Original Message-----
>> > >>   From: Quigley, Dutch [mailto:Dutch.Quigley@ENRON.com]
>> > >>   Sent: Thursday, September 13, 2001 5:45 PM
>> > >>   To: Wolphguy@aol.com@ENRON; Martinez, Ernesto Jr;
>> > >ras1119@hotmail.com;
>> > >>   siva66@mail.ev1.net; klyn@pdq.net; jramirez@othon.com;
>> > >>   markm@cajunusa.com
>> > >>   Cc: john_riches@msn.com
>> > >>   Subject: RE:
>> > >>
>> > >>
>> > >>   ok that is fine , I will give mark jerry's' balls , I
just
>> > >want a chance
>> > >>   to kick your ass at golf buddy
>> > >>
>> > >>   I am still waiting for Nov. 2 .................then I can
>> > kick
>> > >the ass
>> > >>   of a golfing lawyer
>> > >>
>> > >>   dq
>> > >>
>> > >>   >  -----Original Message-----
>> > >>   > From:      Wolphguy@aol.com@ENRON
>> > >>   > [mailto:IMCEANOTES-
Wolphguy+40aol+2Ecom+40ENRON@ENRON.com]
>> > >>   > Sent:      Thursday, September 13, 2001 5:28 PM
>> > >>   > To:   martier@cpchem.com; ras1119@hotmail.com;
>> > >siva66@mail.ev1.net;
>> > >>   > klyn@pdq.net; jramirez@othon.com; markm@cajunusa.com;
>> > >Quigley, Dutch
>> > >>   > Cc:   john_riches@msn.com
>> > >>   > Subject:   RE:
>> > >>   >
>> > >>   > Alright, I'll throw my two cents in.  Dutch is right,
Ricky
>> > >is right,
>> > >>   > Ernie is right, as is Kevin and everyone else who
>> > >responded.  We are
>> > >>   > an extremely fortunate bunch.  We tend to be
>> > extraordinarily
>> > >resilient
>> > >>   > and forgiving.  I took a bunch of flak over the past
three
>> > >years for
>> > >>   > my frequent absences, however, they were not absences
>> > >because of a
>> > >>   > flippant attitude.  Law school took its toll as did
>> > >accommodating Jo's
>> > >>   > set of friends.  My time had to be split many ways and
it
>> > >can be
>> > >>   > difficult to juggle everything as I am sure you are all
>> > >aware.  But,
>> > >>   > mind you, I was not absent because I didn't care, or
found
>> > >something
>> > >>   > better to do.  It was never because I didn't want to.
At
>> > >the risk of
>> > >>   > this becoming even more of a love in, you guys should
know,
>> > >as this is
>> > >>   > apparently the only opportunity we've taken, you are my
>> > >friends.  And
>> > >>   > I would like to keep it that way.  I have to go now.
Mark
>> > >says that
>> > >>   > that the keyboard placement blocks his access to my
balls.
>> > >>   >
>> > >>   > Jerry
>> > >>
>> > >>
>> > >>
>> >
>******************************************************************
>> > *
>> > >***
>> > >>   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.
>> > >>
>> >
>******************************************************************
>> > *
>> > >***
>> > >>
>> > >>
>> > >>
>> > >
>> > >
>> >
>________________________________________________________________
>> > >Sent via the EV1 webmail system at mail.ev1.net
>> > >
>> > >
>> > >
>> > >
>> > >
>> >
>> >
>> >
________________________________________________________________
>> > Sent via the EV1 webmail system at mail.ev1.net
>> >
>> >
>> >
>> >
>
>
>_________________________________________________________________
>Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp
>
>

________________________________________________________________
Sent via the EV1 webmail system at mail.ev1.net


appt is at 430.  i wanted to leave at 345

From: Suzanne Adams@ECT on 08/16/2000 03:53 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Travel

Have you left yet?  Don't you have an appointment at 3:45?  I'm telling
people you have gone to an appointment outside the office.

	Kay Mann@ENRON
	08/16/2000 03:50 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Travel

I'll keep in touch!

From: Suzanne Adams@ECT on 08/16/2000 02:45 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Travel

That is so kind of them considering the last minute notice.  It's probably
easier to do them all at one time anyway.  Are you coming into the office on
Friday.  Will you get your tickets before you leave this afternoon.  I guess
you don't need them though.

I went out to lunch and it's so hot outside.  I'm just now cooling off after
about 3 big jugs of water.  Of course it's running right through me.

Let me know if you need me to do anything.

	Kay Mann@ENRON
	08/16/2000 02:19 PM

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

I'm flying to somewhere (probably DC) tonight, returning on Friday.  Ozzie is
making the travel arrangements, so you don't need to do anything.  I'll let
you know what else I find out.

Thanks,

Kay


Scott Bolton and I have spent the week with Enron India communications
employees, reviewing the regulatory environment with them and even attending
one meeting with TRAI with regard to issuance of the long-distance policy
regulations.

We see the high level regulatory issues as four-fold:
1. Issuance of the TRAI policy regulations.
2. Obtaining a license for Enron pursuant thereto.
3. Lobbying to open up the VSNL international landings without failing to
support the sanctity of contract cncept.
4. To the extent possible, lobby to remove the 49/51% ownership requirement
for the data center.  This issue falls more into the legal/financial
structuring  arena than gov't affairs/regulatory; but we will fully assist
the search for a solution.

Steve Kean already plans to hold a meeting with regard to overall India
Government and Regulatory Affairs issues when I am back in Houston next
week.  These communications issues will be added to the list of issues to be
addressed.

To those of you who gave Scott and me your time, thank you.   I, and through
me, Scott, look forward to working with you all.


PARTIES in I.99-07-003

This is a reminder that PG&E is holding the first Gas OFO Forum on Tuesday,
August 29, 2000.  Attached is our proposed agenda for this meeting.  We will
have extra copies of both the July 31, 2000 OFO Report and the March 7, 2000
Balancing Report available at the meeting.

The Forum will be held in San Francisco at PG&E's Pacific Energy Center, 851
Howard Street (between 4th and 5th Streets).  There are a number of parking
lots in the area, including a very large lot also between 4th and 5th
Streets with entrances on 5th Street and Mission Street.  The meeting will
start at 9:30 a.m. and end around 4:00 p.m.  A continental breakfast will be
available at 9:00 a.m.  We will also provide lunch.

Please RSVP to Belinda Bates at bdb9@pge.com or 415-973-6626, if you have
not already done so.  We look forward to seeing you next week.

Ron Stoner   Randy Litteneker
415-973-3606  415-973-2179

 <<Agenda for 8-29-2000 OFO Forum>>

 - Agenda for 8-29-2000 OFO Forum.doc


Can we realistically net transmission costs against CTC undercollections for
EES?  If there is a credible argument we should discuss.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/19/2001
09:35 AM ---------------------------

	From:  William S Bradford                           01/18/2001 07:40 PM

To: John J Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Marty
Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron, Vicki Sharp/HOU/EES@EES, Elizabeth Sager/HOU/ECT@ECT,
Wanda Curry/HOU/EES@EES, Michael Tribolet/Corp/Enron@Enron, Tracy
Ngo/PDX/ECT@ECT
cc:
Subject: California Exposure Table

Attached is the updated exposure report for California.  There are four
spreadsheets: 1) PG&E Corp and affilate exposure, 2) Edison International and
affiliate exopsure, 3) CAISO and Cal PX exposure, and 4) Enron business unit
combined CA exposure.  We are continuing to make progress on the mitigation
of PG&E non-regulated exposures.  Please give me a call if you have any
specific questions on the numbers.

Bill
3-3831

Please note:
The numbers for the PX Credit have increased based on a more complete
valuation.
The P/X Credit MTM exposures are not netted against EES payables of T&D (with
netting there would be an estimated $200mm reduction in PX Credit exposure)
All MTM numbers are valued at the Mid Curves.
Enron Wind numbers are being reviewed.
Portland General, ISO and PX exposures are estimates from last week and need
to be updated.

---------------------- Forwarded by William S Bradford/HOU/ECT on 01/18/2001
06:26 PM ---------------------------

From:  Wendy Conwell @ ENRON
           01/18/2001 07:23 PM

To: William S Bradford/HOU/ECT@ECT
cc:
Subject: California Exposure Table

Per your request attached is the latest California Exposure Report.

Wendy


GE Wind Energy LLC, Tehachapi  will be on the GEPS network Monday
07/15
                  and IT is here to help you with the transition!!!

What will change?

 1) We will be using Microsoft Outlook instead of Lotus Notes for e-mail,
address books,calendars and meeting requests.
                     Here is a document that will  help you to get started
with Outlook:

 2) We will all need to know some IT essential information for Help Desk,
supporting web sites, and tools that are now available.
                    Here is a document describing what is now available to
you:

                     For immediate questions & resolutions contact the:
                                GE POWER SYSTEMS HELP DESK
                                          1-877-HELPDSK

                            OUTLOOK TRAINING WILL BE AVAILABLE BEGINNING
07/17/02!!
                                            LOCATION: IT TRAINING TRAILER

            To sign up for class, please e-mail Ed Agner at:
william.agner@ps.ge.com to sign up for a class or call him at (661)
823.6523.

CLASS SCHEDULE

07/17/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/18/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/19/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm

07/22/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/23/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/24/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/25/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/26/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/29/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm
07/30/02 - Beginning Outlook Class A 8:00am - 12:00pm
     Beginning Outlook Class B 1:00pm - 5:00pm

*Note - classes can hold up to 20 people

If you have any additional questions, please contact me at (661) 823-6824.
Thanks!!!
Angie B. Lentz


This is an automatically generated Delivery Status Notification.

Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination.

       ddunkelberger@oneok.com

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MHEARD>
To: ddunkelberger@oneok.com
CC: Williams, Jason R (Credit) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JWILLI10>
Date: Monday, November 26, 2001 10:55:19 GMT
Subject:

Pursuant to Jason Williams' request, attached is our form master netting
agreement.  Please do not hesitate to contact us with any questions or
comments.

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com

				 <<Master Netting & Security Agmnt 10 h
v1.doc>> 	 <<Master Netting Agreement Credit Support Annex 10
d.doc>>


Hi Rosalee:
Attached is a summary of the proposal that ENA filed today in response to the
RFP for power and gas issued by California's DWR.  Also attached is a copy of
the complete proposal.  Steve Kean asked that I forward it along to you.
Could you please print out a copy and forward it along to Ken Lay prior to
his departure for Washington D.C.?  Thanks very much.

All the best,
Jeff


Daren---(Re: the email below from Kathy Benedict)  If I'm not mistaken, I
thought we didnt take end up taking over Cornhusker completely until
October?  I thought Tenaska was still doing it, at least accounting for it.
Therefore, this gas wasn't pathed during the month...and I believe we didnt
have all the tickets in at the time.  What do you recall?

Thanks,
Mark
x33396

---------------------- Forwarded by Mark McCoy/Corp/Enron on 12/06/2000 07:26
AM ---------------------------

Katherine Benedict@ECT
12/05/2000 04:44 PM
To: Daren J Farmer/HOU/ECT@ECT, Mark McCoy/Corp/Enron@Enron
cc: Bob Fisher/NA/Enron@Enron

Subject: Heads-Up - Tenaska IV Partner Ltd. - September 2000

Hi Guys,

Please do me and Bob Fisher in the Transport Settlements group a huge
favor......Please let us know when the TXU/Lonestar  transport deals for
Tenaska IV Texas Partners have been entered into Path Manager (for September
2000).

I am holding the transport invoice from TXU/Lonestar for September
2000....waiting to enter the "actuals" into our system for payment.

Thanks,

Kathy  :  )


No problem, just send me the details I need to send the travellers cheques by
Fedex.

Regards

Pauline


I am glad that everything worked out.  Good luck in your new job!


I will be out on vacation the week of July 3, back at the office on July
10th. My main contact will be Stella Morris at ext. 3319. My desk will be
split as follows:

Stella - NNG-Blackmarlin (onshore), Black Marlin (offshore), Amoco third
party, Centana (on & off system, storage), Eastrans

Aimee - Carthage, Tufco updates, Bridge Back

Mark McCoy - Katy Lonestar (on & offsystem)

Tom Acton - Send nominations MOPS to POPS

Please pass this to other members of your groups, thanks.

Carlos


Please see the attached overlays for Aquila Energy Corporation and Beau
Canada Exploration Ltd.  Please refer to the Mar 2001 tab for details.

Short name changes will be coordinated w/ERMS IT today, Mar. 02.


I'm sure that our dear professor will be discussing more in depth the
structure
of swap arrangements tonight.  Anyway, I've added some comments to the memo
that
hopefully addresses some of the issues.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax
 - BFG Dylan- memo.doc


Hey, thats Mr. Turd to you.

"Germany, Mary/COR" <mgermany@CH2M.com> on 04/17/2000 11:39:22 AM
To: "'Chris.Germany@enron.com'" <Chris.Germany@enron.com>
cc:
Subject: RE: Advantages of being a man...

Turd.......

Mary Germany, Manager
Accounts Payable
Payroll
Accounting Support
(303) 713-2151
fax (303) 846-2151
email - mgermany@ch2m.com

-----Original Message-----
From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: April 17, 2000 10:21 AM
To: mgermany@CH2M.com
Subject: Re: Advantages of being a man...

I love being a MAN!!!  Ain't life great?