WoodFuel.com allies with Future Energy
HOUSTON, Dec. 6 (LocalBusiness.com) -- Houston-based WoodFuel.com has teamed
up with Atlanta's Future Energy Resources Corp. to supply raw wood materials
that are targeted to fire up environmentally friendly power plants in Texas.
The power-generating stations would use Future Energy's SilvaGas process,
which converts agricultural, municipal and forestry wastes into a
clean-burning gas that substitutes for natural gas.
The process is designed to significantly reduce environmental impact compared
to fossil fuel-based power plants, including the elimination of net carbon
dioxide emissions, the company said.
"Texas regulations and energy demands make Texas an ideal location for green
energy," said Asfaha Tesfai, senior VP of business development for Future
Energy. "This alliance will ensure sufficient fuel availability to proceed
with project development."
In August, Future Energy operated its SilvaGas process on a commercial scale
at a demonstration plant in Burlington, Vt., which converted more than 285
tons of wood chips into enough of natural gas substitute to power 6,000
homes.
The private company designed and built the plant in partnership with the U.S.
Department of Energy, which provided technical assistance and funding for
facility construction, and the Burlington Electric Department.
Future Energy now is working to develop relationships, such as its alliance
with WoodFuel.com, that would help it commercialize the process.
Privately held WoodFuel.com is a business-to-business, e-commerce company
that links buyers and suppliers of raw wood material online. The company
aggregates wood fuel from its network of suppliers and delivers the wood as a
renewable energy resource.
Since its April launch, WoodFuel.com said it has created a total of 283 new
accounts and sold 15,845 tons of wood fuel.
_______________________________________________________

Clearinghouse puts pieces in place for 2001

12/05/2000
Gas Daily

Over-the-counter (OTC) energy clearinghouse EnergyClear moved one step closer
to its planned 2001 launch, choosing onExchange's technology platform for
EnergyClear's online trading system.

OnExchange, which works with electronic exchanges to add risk-management
capabilities for their customers, said EnergyClear initially will offer its
services to traders in the wholesale gas and power markets. As early as next
spring - once the system comes online - it will provide centralized
comparison, netting and settlement of OTC energy contracts for trades
executed over the phone or through electronic marketplaces, onExchange says.

EnergyClear Co-founder and President Lee Burton said the implementation of
onExchange technology satisfies a long-standing need in the OTC markets,
while providing other benefits as well. "The OTC markets have been seeking
the efficiencies of multilateral clearing for some time now and, in
conjunction with . . . onExchange, EnergyClear offers the first neutral,
independent, unbiased clearing solution," Burton said.

OTC energy contracts currently are negotiated between principals, via
electronic exchanges or through interdealer brokers over the telephone.
Future markets planned for the clearinghouse include petroleum products,
crude oil, petrochemicals and bandwidth.

With the deal, EnergyClear becomes onExchange's first customer. Terms of the
deal were not disclosed.

IDC analyst Aaron McPherson suggested a bright future for EnergyClear.
"Online forwards and derivatives trading and clearing solutions typically
deliver a five- to 10-fold increase in trading volume over underlying cash
markets. These solutions will improve the overall efficiency of the energy
market, allow energy companies to manage their risk much more effectively and
increase liquidity."

Houston-based EnergyClear is comprised of EnergyClear Corp. and EnergyClear
Operations Co. (EOC). EOC is owned by the Bank of New York, Prebon Yamane and
Amerex. CH
_________________________________________________

Credit Lyonnais to launch B2B marketplace next year.

12/06/2000
Les Echos
P32
(C) Copyright 2000.

Credit Lyonnais has announced the launch in spring 2001 of a B2B marketplace,
Seliance, in association with Internet incubator Chrysalead, France Telecom
and computer services firm Euriware. After a first round of financing
Seliance has capital of EUR 12m. The site, in which Credit Lyonnais has a 75%
stake, will come into operation in the second quarter of 2001.

___________________________________________

o Report: Softbank Puts European Joint Ventures on Hold

NEW YORK -- Softbank has stopped investing through
two joint ventures aimed at bringing U.S. technology
companies to Europe, according to a report in the
Wall Street Journal. eVentures U.K., a $50 million
fund set up with News Corp.'s epartners, has shut
down and its 12 employees have been laid off. Softbank
and Vivendi's 500 EUR fund, @visio, which focused
on continental Europe, has also stopped making new
investments and will concentrate on is portfolio,
according to the report. Softbank will continue
to make direct early-stage investments in Europe,
according to the report.
http://www.softbank.com/
_____________________________________________

o Merrill Lynch Launches New Venture Fund For Employees

NEW YORK -- Merrill Lynch announced the launch of
the Internal Venture Capital Fund, a fund created
for Merrill Lynch employees. The new venture will
support and fund business plans created by Merrill
Lynch employees, specifically in financial services
technology. Merrill Lynch will use Cap Gemini Ernst
& Young, efinanceworks, and Startup factory for
investment strategies and additional support. Merrill
Lynch said it plans to invest in the new companies
with the possibility of becoming the first client
or strategic partner once the product comes to market.
The fund expects to provide seed funds to three
to four companies by early next year.
http://www.ml.com/

______________________________________________________-

o Corporate Wireless Apps Firm Nisus Gets $2 Million Round One

WESTBOROUGH, Mass. -- Nisus, a firm that develops
wireless applications for businesses, said it has
raised $2 million in its first round of financing
from undisclosed corporate and individual investors.
The firm also announced co-founder Satish Vankayalapati
as CEO. Mr. Vankayalapati was formerly a management
consultant with McKinsey and an executive and board
member of Avantel. The firm additionally announced
the names of board members Keith Block, senior vice
president of Oracle's North American consulting
and global data warehousing businesses; Arthur L.
Cherry, Jr., president and CEO of Federated Management
Services and a former senior executive at Scudder
Investments; and Robert Rudelius, Chairman and CEO
of MediaDVX, former President and COO of Control
Data Corporation, and former global head of the
media and entertainment division of AT&T Solutions.
http://www.nisus.com/
_____________________________________________

o Network App Firm Lumeta Raises $250,000 Series A

SAN FRANCISCO -- Lumeta, a network management and
security application firm, said it has raised $250,000
in a Series A round from meVC Draper Fisher Jurvetson
Fund I, Draper Fisher Jurvetson, and Draper Fisher
Jurvetson Gotham Ventures of New York City.
http://www.lumeta.com/
_____________________________________________

o Wireless Apps Firm InPhonic Has Third Round, Ups Staff by 32

WASHINGTON -- InPhonic, a business-to-business infrastructure
firm that focuses on creating branded wireless communities
and virtual private label wireless networks, said
it has raised an undisclosed amount of third round
funding from Riggs Capital Partners, RAF Net Ventures,
CMS, and the Mid Atlantic Venture Fund. John Sculley,
former CEO of Apple Computer and PepsiCo, also participated
in the round. The company confirmed that it has
raised in excess of $121 million to date, including
this round. The company also said it has added 32
employees in sales, customer support, and the mobile
commerce division.
http://www.inphonic.com/
_____________________________________________

o B2B App Firm NetVendor Lands Funding from CommerceOne

ATLANTA -- NetVendor, which provides business-to-business
software for direct materials suppliers, said it
formed a strategic alliance with Commerce One, a
publicly-traded marketplace for buyers and suppliers.
Commerce One invested equity in the company, between
$5 million and $10 million, and will be featured
as a link in NetVendor's software. NetVendor received
$52 million in May from Internet Capital Group,
Wheatley Partners, RRE Ventures, CSFB Private Equity,
and Bluevector.
http://www.netvendor.com/
_____________________________________________


THIS MESSAGE IS FROM THE SECRETARY OF THE BOARD OF TRUSTEES, ARTIS G.
HAMPSHIRE-COWAN, ESQ:

> President Swygert asked that I forward the attached Press Release to your
> attention.
>
>  <<University Announcement.doc>>

 - University Announcement.doc


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 03/28/2001 05:02 PM -----

	Sara Shackleton
	03/20/2001 01:17 PM

		 To: "Corinne A Samon" <samon_corinne@jpmorgan.com>@ENRON
		 cc:
		 Subject: Re: futures agreement

Corinne:

We will accept your interest rate schedules.  Also, you can include the
witness line for our signatory.
Please prepare execution copies and let me know if there is anything else to
be done.  Thanks for your patience.

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

	"Corinne A Samon" <samon_corinne@jpmorgan.com>
	02/28/2001 10:05 AM

		 To: Sara.Shackleton@enron.com
		 cc:
		 Subject: Re: futures agreement

Sara,
We are in agreement with your proposed changes to the arbitration language.

I await your reply concerning the rest of the comments to the client
agreement.

Regards,
Corinne 6-4292

Sara.Shackleton@enron.com on 02/27/2001 06:33:48 PM

To:   samon_corinne@jpmorgan.com
cc:
Subject:  Re: futures agreement

Corinne:

Attached is your arbitration language (marked) and our arbitration text.  I
hope this does it!  Thanks.

(See attached file: JPMorganarbitrationR1.doc)

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

                    "Corinne A Samon"
                    <samon_corinne@jpm        To:
Sara.Shackleton@enron.com
                    organ.com>                cc:
                                              Subject:     Re: futures
agreement
                    02/27/2001 02:58
                    PM

Sara,
Thank you for your fax.
Section 180.3 of the CEA prohibits us from agreeing to any settlement
procedure/forum ahead of time.  JPMFI, in accordance with 180.3, will offer
3
forums - which will include AAA.  If Enron chooses AAA, the arbitration
will be
subject to the provisions specified in your fax dd 2/26/2001.

Attached is JPM's proposed language for the arbitration agreement.

(See attached file: ARBITRATION AGREEMENT.doc)

If you are in agreement with the language, please forward Enron's proposed
language (detailed in your 2/26 fax) electronically (if available).

Thank you and Regards,
Corinne

Sara.Shackleton@enron.com on 02/26/2001 12:36:22 PM

To:   samon_corinne@jpmorgan.com
cc:
Subject:  futures agreement

Corinne:

I just sent you a fax re:  arbitration.

I have not heard from your salesperson re:  interest schedule for debit
rate (Sec. 2) and credit rate (Sec. 6).  Thanks.

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

(See attached file: ARBITRATION AGREEMENT.doc)

 - JPMorganarbitrationR1.doc
 - ARBITRATION AGREEMENT.doc


Vince, both Matt and April think that this type of research would be
value-additive to EBS.  I will be out all next week in a meeting with John
Griebling and other on a deal that is being worked out.  I understand that
you are following up with HR on all of our summer intern offers. Please make
sure Palo is given an offer and that he will work with April and Matt (he did
talk to Matt) on the topics that April and I suggested.

Regards,

Ravi.
----- Forwarded by Ravi Thuraisingham/Enron Communications on 02/20/00 12:41
AM -----

	Matt Harris
	02/17/00 08:08 PM

		 To: Ravi Thuraisingham/Enron Communications@Enron Communications
		 cc: April Hodgson/Enron Communications@Enron Communications
		 Subject: Re: Summer Intern: Paulo Oliveira

Looks interesting.

I would guess that there is a TON of research available (from @Home, AOL,
Roadrunner, Real, Microsoft, etc.) on Broadband's impact on the strategic
value of web properties.  Compiling this would be very helpful.

MH

	Ravi Thuraisingham
	02/17/00 12:15 PM

		 To: April Hodgson/Enron Communications@Enron Communications, Matt
Harris/Enron Communications@Enron Communications
		 cc:
		 Subject: Summer Intern: Paulo Oliveira

Hi April & Matt, here is additional information on the summer intern that
I've mentioned.

Matt, I know you know nothing about this! My discussion with April on the
possible research topic let me (& April) to believe that you would provide
great input on what the student can work on while he is here.

Regards,

Ravi.
EBS Research
----- Forwarded by Ravi Thuraisingham/Enron Communications on 02/17/00 02:09
PM -----

	Stinson Gibner@ECT
	02/17/00 11:23 AM

		 To: Vince J Kaminski/HOU/ECT@ECT
		 cc: Ravi Thuraisingham/Enron Communications@Enron Communications, Thomas D
Gros/HOU/ECT@ECT
		 Subject: Summer Intern: Paulo Oliveira

Vince:  Here is the information that I have on Paulo.    He would be slated
to work for the summer with April Hodgeson and Matt Harris on how streaming
media products may add value to advertising or some related area.
Actually, he would also be a good fit for helping to think ways to analyze
our Enron On-line data.    I have asked if he can send a resume.   In the
mean time, most of his relevant information is attached below.

--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 02/17/2000
11:14 AM ---------------------------

Paulo Rocha e Oliveira <paulo@MIT.EDU> on 02/10/2000 12:04:56 PM
To: "Stinson Gibner" <Stinson.Gibner@enron.com>
cc:
Subject: Re: Trip to Houston

Stinson,

Thank you for your e-mail.  My phone number is (617) 492-9551.

I graduated from Princeton University in 1996 (mathematics), and came
straight to MIT for a
Ph.D. in Operations Management at the Sloan Schoolof Management.  In my first
three years I took all the required coursework in mathematics,
optimization, stochastic processes, etc., as well as a number of courses in
psychology (at MIT and Harvard).  I am working with Prof. Gabriel Bitran,
and I am interested in the mathematical modeling of service operations.  In
particular, I am interested in the interaction between customers and
companies (hence the interest in psychology).  The (tentative) title of my
PhD thesis is "Pricing Substitute Products on the Internet", and I am
sending you the summary which I sent to Tom Gros a few weeks ago that will
give you an idea of what this research is about.

Thanks again, and I'm looking forward to meeting you and your research
group next week.

Paulo

Pricing Substitute Products on the Internet

Objective:

To develop new tools to decide pricing policies for goods and services sold
on
the internet.

Motivation:

This research is motivated by the fact that traditional choice and
optimization
models are not appropriate for internet-related businesses.  The technological
innovations associated with the internet brought about an overload of
information
which inevitably affects the ways in which consumers make choices.
Furthermore,
companies have a great deal of influence on how much information consumers can
have access to.

The problem of pricing substitute products is an important strategic issue
faced
by internet companies.  Consumers usually search for generic products (e.g.
VCRs
or computers) without knowing exactly what they will buy.  Companies can show
different products and different prices to each consumer.  This type of
flexibility
was not available until the internet came about.

The problem of pricing substitute products is not unique to the internet.  The
methodology developed by this research should be transferable to a number of
other settings, such as pricing services.  Services are unique, and there are
many cases where customers will only buy one of many services offered by a
given company.  Our model will help companies decide which services to offer
to which customers and how much to charge for these services.

Research Strategy:

Our research strategy is to divide the pricing problem into two components
which can be combined to generate optimal pricing strategies.  These
components are choice models and optimization models.

Choice Models:

Choice models describe how customers make choices.  The management literature
draws on two main sources for these models: psychology and economics.  The
common approach in psychology models is to use what are called heuristic
elimination methods.  These methods consist of the elimination of options
based on the sequential elimination of features until only one choice
remains.
These methods tend to be very context-specific and do not lend themselves very
easily to mathematical analysis.  Economists focus on utility-maximing models
that are significantly more mathematically tractable than psychological
models.
The most common economic model of choice is the logit model.  The problem with
these types of models is that they are not very accurate reflections of how
consumer make choices on the internet.  The first step in our research will
be
to develop choice models that capture the interactions going on between
customers
and companies on the internet.

Optimization:

Traditionally, the optimization problem consists of maximizing revenue over a
certain planning horizon.  On the internet, the problem of maximizing revenue
still exists, but there is also a need to learn about customers.  Short term
profit is based on sales, but long term profit is based on how well you know
your customers and are able to retain them.  The optimization problem must
therefore include a short term component (sales) and a long term component
(learning).


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We would like to remind you of this upcoming event.

West of Stanford Heavy Trash Day

Date: Tuesday, January 8, 2002
Time: All Day

The Second Tuesday of each month is Heavy Trash Day in *West*
East Montrose. That is, homes West of Stanford Street will have
heavy trash collected the second Tuesday of each month.  Time to
lug your heavy trash out to the curb.

To unsubscribe from this group, send an email to:
emca-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Paul/Johnny attached is a potential candidate who cold called me yesterday.

Johnny Paul is still looking at 1-2 more staff for the North East.  We are trying to consider internal candidates if available.

Thanks.

 -----Original Message-----
From: 	dcoughl@attglobal.net@ENRON
Sent:	Tuesday, October 02, 2001 11:55 AM
To:	Will, Lloyd
Subject:	David R. Coughlin

Dear Mr. Will,

Thank you for taking my call this morning and for accepting the attached
resume.

I would like to examine energy trading opportunities in your organization
as well as the EGM group you mentioned.

I will call in a few days to follow up.

Sincerely --- David R. Cougholin
 - Resume David Coughlin.doc


Guys, I would like to schedule a quarterly meeting to review our technical
risk as a part of this reporting procedure.  Wayne can you set up a meeting
for the four of us over the next few weeks.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/08/2000
10:49 AM ---------------------------

	Enron North America Corp.

	From:  Tammy R Shepperd                           08/03/2000 02:07 PM

To: Wayne Mays/PDX/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Robert P
Virgo/HOU/ECT@ECT, Andrea V Reed/HOU/ECT@ECT, Richard
Lydecker/Corp/Enron@Enron, Steve Pruett/Corp/Enron@Enron, Charles
Vetters/HOU/ECT@ECT, Mark Dobler/NA/Enron@Enron, Kyle Kitagawa/CAL/ECT@ECT,
Charles Ward/Corp/Enron@ENRON, Mike Mazowita/Corp/Enron@Enron, Christopher A
Helfrich/HOU/ECT@ECT, Jesse Neyman/HOU/ECT@ECT, Jesus
Melendrez/Corp/Enron@Enron
cc: David W Delainey/HOU/ECT@ECT
Subject: Technical Risk Reports

Attached are first drafts of reports for Dave Delainey that detail assets
that may or may not pose a technical risk for ENA. The current draft was
developed with input from Wayne Mays, Mark Dobler and Andrea Reed.

I would be most appreciative if each of you would review these reports at
your earliest convenience and respond back with your comments/updates.
Please note:   In the Technical book dated 8/03 there are 2 tabs - Risk and
No risk.

Dave has asked for this report to be updated monthly for inclusion in a
reporting package for ENA's Office of the Chair.  After we are satisfied that
this is the proper format and is all inclusive I will communicate a process
for monthly updates.

Thanks in advance for your assistance.
Tammy Shepperd
x36589


Please prepare language per terms of the attached credit worksheet and
provide such language to Barry T. and Kim W. for review.

Thanks
brant

---------------------- Forwarded by Brant Reves/HOU/ECT on 01/22/2001 09:10
AM ---------------------------

Brant Reves
01/22/2001 08:48 AM
To: Barry Tycholiz/NA/Enron@ENRON, Kim Ward/HOU/ECT@ECT
cc:
Subject: El Paso credit terms

FYI,

Someone requested I resend this language.

---------------------- Forwarded by Brant Reves/HOU/ECT on 01/22/2001 08:47
AM ---------------------------

Brant Reves
01/19/2001 02:17 PM
To: Kim Ward/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON
cc: Edward Sacks/Corp/Enron@Enron, Tracy Ngo/PDX/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON
Subject: El Paso credit terms

Kim/Barry,

Situation 1:
The following credit matrix could be included within Section 12 of the
Jan'02-Dec'03 transaction between ENA and El Paso Electric Company.

STANDARD & POOR'S RATING EVENT	CREDIT LINE
BBB- or Above	Open
BB+	$10,000,000
BB	$5,000,000
BB- or Below	$0

Situation 2:
Without credit lines, the credit reserve for this deal would be $450,000.

In addition, the most recent S&P write-up is attached below.

brant

Research:
                                                                  Return to
Regular Format
  Summary: El Paso Electric Co.
  Publication Date:
              01-Aug-2000
  Analyst:
              Judith Waite, New York (1) 212-438-7677

 Credit Rating:
                                       BBB-/Stable/--

  Rationale

    Debt reduction, cost cutting, and increased sales have brought El Paso
Electric Co. back toward
    investment-grade benchmarks. The company has exceeded debt-reduction
targets and expects debt to be
    about 50% of total capital by 2002. If sales continue to grow at even
one-half the historical 3% to 4% per year,
    cash flow interest coverage should improve to 3.5 times by then. Still,
the ratings on El Paso Electric continue to
    reflect the company,s high leverage, dependence on nuclear power, high
fixed costs, and high rates.

    The company borrowed heavily to fund its 15.8% interest in the Palo Verde
nuclear plant, which supplies 50% of
    the utility,s power. The plant,s past operating problems and continued
structural problems add some risk to the
    company,s already weak financial profile. Most importantly, customers in
the generally low-income service
    territory fought against rate increases needed to recover the nuclear
investment, helping to put El Paso Electric
    in bankruptcy. A settlement signed with Texas customers in 1995 allowed
the company to keep a $25 million
    rate increase implemented in 1994, permitted accelerated depreciation of
generation and transmission assets,
    and froze rates until 2005 in exchange for extending the El Paso Electric
franchise.

    In 1998, the company agreed to reduce rates--mainly residential--in New
Mexico and Texas, bringing them
    more in line with Southwestern averages. By the time retail competition
comes to either state (2002), El Paso
    Electric will have a fairly competitive cost structure which should allow
them to retain retail customers. By that
    time, El Paso Electric will have separated its assets into a regulated
transmission and distribution business
    and an unregulated electricity generation business, as required by New
Mexico and Texas law. Costs incurred
    to effect this change will be recovered in a competitive transition
charge. Stranded costs (accrued charges
    related to generating plant costs which would have been recovered in a
regulated market) will be recovered over
    a five-year transition period in New Mexico. In Texas, the rate
settlement allowed El Paso to recover those costs
    through accelerated depreciation over the 10-year period of the
settlement agreement.

    In the wholesale market, El Paso successfully renegotiated contracts with
the Comision Federal de
    Electricidad, the national utility of Mexico, to supply peaking capacity
in the summer months of 2000 and 2001,
    and with the Rio Grande Electric Cooperative Inc. to supply power to two
Texas cities over a four-year period.
    Importantly, El Paso Electric also reached a settlement with the city of
Las Cruces, N.M., ending a long dispute
    over that city,s threat to municipalize the electric distribution system.
Las Cruces sales account for about 8% of
    total revenue.


I just got a delivery failure notice, so I'm re-sending.
---------------------- Forwarded by Nancy K Callahan/CHASE on 05/25/2001
11:49 AM ---------------------------

 (Embedded     Nancy K Callahan
 image moved   05/25/2001 10:30 AM
 to file:      (Embedded image moved to file:
 pic03525.pcx) pic10184.pcx)

Legal  (212)552-7951    Fax Number: (212)383-0246

To:   sara.schackleton@enron.com
cc:
Subject:  Global Custody and Clearance Agreement

Please see attached last revision of this Agreement.  Please confirm that
this reflects the changes we agreed upon and if so I will e-mail you a
final execution version.  Thanks.
(See attached file: Enron.doc)

 - pic03525.pcx
 - pic10184.pcx
 - Enron.doc


Actually, if you don't expect me to keep up with you the whole 8K's, I could
probably muster up the energy.  Besides, I'm planning on sleeping the entire
way out there so I'll end up getting more sleep that night than normal.  Do I
need to do anything to sign up for the run?

	Enron Capital & Trade Resources Corp.

	From:  Julie Gibson <julieg@qualcomm.com>
11/28/2000 05:06 PM

To: Susan.M.Scott@enron.com
cc:
Subject: Re: We have a go....

any chance you'd be up for an 8K run on saturday?? only problem is that it
starts at 8:00am- too painful after your late night?? no obligation.....

At 01:37 PM 11/28/2000 -0600, you wrote:

Okay...My itinerary is as follows:? Arriving in San Diego 2:20 am Friday
night (I'll need your new address for the cab) and departing Sunday at 6:15
pm.? If you just want to leave the key under the mat that would be perfect
for me...I'll probably crash immediately anyway.? I am so excited to be
coming out there - -? I really need a break from Houston...not to mention
work.? The Gas Lamp district Saturday night sounds like fun and I would
love to meet your friends.? Also, please don't feel like you have to plan
the whole weekend, I have no problem going with the flow.

See you in a couple of weeks,
Susan


-----Original Message-----
From:  Mann, Kay
Sent: Monday, March 19, 2001 9:37 AM
To: Rorschach, Reagan; Will, Lloyd; Nicolay, Christi; Fairley, David; Pagan,
Ozzie
Subject: Clarksdale/Beck's comments

Please confirm that Beck's comments nos 1 and 6 are acceptable for the loi.
I would include in this email, but I don't have an electronic version with
me.  Reagan, if you have an electronic version, could you forward it to me?

Thanks,

Kay


John,

New deal was done on the gas side.  Deal was with Vinatage petroleum in
Bolivia.  Michael Popkin can fill you in with the details.

The attached report is something that is being put together by Scott Mills
group.  It is what I look at to get a snapshot.  Is this what you are looking
for?  Please let me know/provide guidance as to what you want to see.  Do you
want to be copied on this or some variant?

Thanks,

Kish

John J Lavorato
06/28/2000 03:20 PM
To: Joe Kishkill/SA/Enron@Enron
cc:

Subject:

Joe

A couple of questions.

1.  Where did the Gas Trading P/L derive from this month.

2.  How are you coming on the position reports we discussed.

Talk to you soon.

John Lavorato


Jeff, I don't believe the offer I showed you of $39 M is unreasonable. In
fact the team had recommended $42 M based on a number of measures.  I see the
6X multiple of annualized Q2 earnings as one of the best measures of the
potential value of this company.

I don't see it in the best interests of Enron to be transferring assets below
a reasonable market value between business units.  You can trust that I will
be keeping the Energy Capital Resources team's feet to the fire on the
realization of this value if you do not purchase the company.

If you and Steve can come up with a better indication of value, I will
support that transaction.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 07/13/2000
07:29 PM ---------------------------

Jeffrey Sherrick@ENRON
07/13/2000 07:17 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: C-Gas

Dave,  I have ask Steve Harper, Jack Harmuth, Howard Selzer,and  Glenn Fox to
work with Steve Pruitt and see if the number you offered can be supported.
The value for proved developed reserves and the financial/legal issues can be
reviewed rather painlessly here in Houston.  The value for the  proved
undeveloped reserves will most likely require a visit to the working team to
see the program particulars, verify the acreage and , concluded the validity
of this estimate of PUD value.  The idea of paying before tax NPV10% for an
assumed 3.5 year program on top of the PD &PUD reserves will require a more
indepth review.

Obviously, we want to do this as simply as possible and I was prepared to
take the package "as is, where is" at book value which I understood to be in
the 30-32MM$ range including debt.  Dave I understand what you are doing and
I would support this effort if we were selling the asset outside of the
company.   I want to do what is best for Enron at this time which I believe
is to transfer this asset to EGEP for the reasons i outlined in my prior
memo.  It will benefit C-gas via direct access to technology and specialists,
it will benefit EGEP for marketing and a US presence and it will benefit ENA
by moving the asset from your books without a loss and releasing the valuable
intellectual capital ENA could employ elsewhere in a higher yielding business
venture.  However, with the premiums you have placed on the properties it is
going to be very difficult to make this transaction happen.  (However, we are
willing to try)  ENA has had this on the market for over a year with the
intent to sell it at book if possible.  Prices have improved, but I believe
even your team would admit this is still a project to get book in the market
today.  Your estimated value at the current strip at a Before Tax 10%
discount for Appalachian reserves seems a little aggressive for the market
let alone an inter-company transfer.

When we talked about this a couple of weeks ago we said it would be a fair
transaction and at the time you were hedging that it would be around book.  I
understood your logic for needing to talk with your team but I was relying on
a fair deal to result.  Dave, I'm only sending this memo to you because I
feel this is being pushed way past fair by your team with the intent that if
we pay this it is a home run for your new team and since we are in a bind,
let's see what happens.  I know this is a very small piece of business for
you and the time it takes to read this is more than you can afford to this
asset or transaction.  If fact,  the easy thing for you to do is get mad and
say you don't have the time and stop the transaction.  On the other hand, if
you believe the right thing for all parties is to do this at book, say so and
you'll never deal with this piece of business again.  I hope in this case you
will put the greater good of Enron in front of ENA's desire to hit a home run
at EGEP's expense and in the spirit of ONE-ENRON move these assets to EGEP at
book value.
As I said in the beginning we will try to get to your number, but I am
concerned that we will spend a lot of time and require effort from all of the
teams that could be eliminated if you and I decided to make this transaction
at book.  In fact, it would be the easiest transition for the C-Gas team
which you've indicated to be a concern for your team.  I am available through
voice mail and I can get my lotus notes most days.  Best thing is to leave a
voice mail and a good time for me to call you back.

Thanks Dave for your time,
Jeff


Gary, thanks for the update.  Please keep us posted as we complete the PPA's.  I appreciate
	your help on this effort.  Thanks. Lynn

 -----Original Message-----
From: 	Anderson, Gary E.
Sent:	Thursday, December 20, 2001 11:06 AM
To:	Blair, Lynn
Subject:	FW: October (Forward) Positive Displacement Meter PPA Status

 Just a follow up on this issue. Most of the October PPAs have been processed with a few exceptions. Hopefully, all will be complete at the end of this week. We are still working on finding a way to systematically identify the late charts. I'll keep you advised of the progress on that front.
 Have a safe holiday !
Gary.

 -----Original Message-----
From: 	Anderson, Gary E.
Sent:	Monday, December 17, 2001 12:21 PM
To:	Blair, Lynn
Subject:	RE: October (Forward) Positive Displacement Meter PPA Status

All of the MidAmerican corrections for October have been made with the exception of 0737181-01,0737021-01, & 0737021-02. The charts were never received form these locations. Dan Boswell has been out of the office due to his Father's death but should be back tomorrow. We'll get a handle on the other outstanding PPAs this week.
Thanks-
Gary

 -----Original Message-----
From: 	Blair, Lynn
Sent:	Tuesday, December 11, 2001 10:46 AM
To:	Anderson, Gary E.; Stern, Ellis; Barnes, Caroline
Cc:	Floyd, Jodie; Dietz, Rick; Zadow, Raetta; Corman, Shelley; Neubauer, Dave; Barker, Courtney; Semin, Frank; Blair, Lynn; January, Steve
Subject:	October (Forward) Positive Displacement Meter PPA Status

	Gary and Caroline, as of today, we have emailed a list by station (7 and/or 16 day charts) to the measurement
	group which needs to be read for PPA's to correct the daily volumes fro the following shippers:

		MidAmerican - 147 stations (It is my understanding you have already 44 of the 147)
		IES - 87 stations
		Interstate Power - 6 stations
		Wisconsin Power and Light - 11 stations

	In order for Gas Logistics to keep track of the ones that need to be corrected, we would like for Measurement to send
	us updates on the following information ASAP:

		1.  Which station numbers have or have not been corrected for October.

		2.  How many October charts have been received and how many are outstanding

		3.  Provide status of November chart information.

	Gas Logistics needs the October corrections in the system by December 19th, which is the time
	frame for the first prior period run.  This is important for us to be able to review the prior period invoices.
	As you 	find there are missing charts, if we can be of assistance in calling the field, please let us know.
	This way, the measurement group can concentrate on reading the charts.

	We appreciate your assistance and help in tracking these prior periods and helping each of us to keep focused
	to get these prior period corrections done by the next months billing.  If you have any questions, please let
	Rick or I know.  Thanks. Lynn


-----Original Message-----
From: 	Yparraguirre, Jay
Sent:	Friday, October 19, 2001 10:21 PM
To:	Geaccone, Tracy; Pritt, Deborah; Lambert, Chris
Subject:	2002 Plan Assessments as of 10/19/01 for EREC

Attached is the updated version of the 2002 plan assessments from Enron Net Works (ENW) for your business unit.  We are sending revisions due to several changes, including increases in Corporate and other business unit allocations, and reductions in ENW expenditures.

This intercompany billing invoice now includes pass throughs and capital for your information.  Consistent with 2001, pass through billings (long distance, market data, WAN, etc.) will not be included in the standard assessments ("8xxxxxxx" accounts).  They will be posted directly to direct expenses ("52502000" accounts) at the cost center level.  This pass through number is only a high level place holder and is not intended to replace the dollars already being budgeted for by each cost center owner.

If you have any questions, you can contact Kevin May at x52508 and he will answer any questions or direct you to the correct person.

If you are not the correct person to receive these assessments or if there is someone else that you would like to include in this process, please reply back to me with this information and I will add them to the contact list for future correspondence.

Thanks,

Jay
x53813


FERC Order Issued 3/28/01 Rejecting SPP/Entergy,s RTO

 The Commissioners were generally displeased by SPP and Entergy,s lack of
substantive work toward complying with the Commission,s previous orders and
failure to sufficiently discuss the feasibility of a broader RTO.  As Chair
Herbert said:  SPP should have read the Commission,s order in May and taken
it more seriously.  (Issues for possible rehearing are ****).

? The Commission declined to approve SPP,s scope and configuration because
the SPP members remain uncommitted to the RTO and have not made a decision to
transfer operational control and the SPP/Entergy relationship remains
somewhat undefined.  The Commission wants to see evidence of serious efforts
to form RTOs that combine current RTO proposals and Entergy and SPP must file
a report by May 25 addressing this scope issue.

 o Bulk power sales and purchase figures indicate that natural markets extend
beyond the SPP RTO borders.  There are significant sales and purchases
between SPP and SERC (and Midwest companies to a lesser extent.)
 o Expect the existing TOs to file Section 203 applications to transfer
control of transmission to SPP.
 o MOU must be clarified to demonstrate that the minimum requirements of an
RTO, such as operational authority, ATC calculation and planning/expansion,
will be met.

? Approves Entergy,s proposal for a Managing Member that controls all voting
rights to the Transco and approves Entergy,s Board approval process (states
that Entergy would control no more than two of the selection committee,s
seven members).

? Allows Southwestern Public Service Company to satisfy its merger obligation
by joining SPP instead of MISO.

? The Commission did not address EPMI,s motion to condition market based rate
authority on RTO participation.******


the second reader was handed out a few weeks ago - since you both don't have
it, it must have been distributed at the first quiz.

the cases cover pages 31 - 81 of the new reader - too much to fax I think
- cv

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Wednesday, March 14, 2001 10:26 AM
To: Vavrek, Carolyn (US - San Francisco)
Subject: RE: More Nagging About the Project

thanks.  did she hand out the second reader last thursday?
- This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  -
If you are not the intended recipient, you should delete this message and
are hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.


Attached in Word are blacklined drafts marked against the previous
version circulated.

 - 266238.doc
 - 266242.doc
 - 266243.doc
 - 266245.doc
 - 266253X.doc
 - 266256X.doc
 - 266276X.doc
 - 267358.doc
 - 267509.doc
 - 268701.doc
 - 268701X.doc
 - 268741.doc
 - 268744.doc
 - 268748.doc
 - 268752.doc


Hi, Rick:  It is only today that I have discovered you are my "direct boss"
in the context of my performance review.  Since the Organizational chart
reflects that I report to Joe Hillings and since I have not been invited to
participate in any of your Direct Report Conference calls nor meetings, I had
no clue until today of this change.  In fact, in the almost eleven years I
have worked for Enron, Joe Hillings has always been my "direct boss" in the
context of my performance reviews.

I give you this background only because I feel disadvantaged in not knowing
this sooner.  Specifically, there is not a day that goes by when I do not
report directly to Joe Hillings about what I am doing, copy him on memos,
etc. whereas, I rarely, if ever, bother you with this daily reporting.  Since
you are, in fact, my direct boss, it seems you should have been copied on all
these memos, updates, etc. instead of or in addition to Joe Hillings plus it
seems I should have been included in the Direct Report meetings and calls.

From this day forward, I will copy you on everything I send to Joe Hillings.
I assume I should continue to copy Joe on everything I send you plus now also
add Linda Robertson?  When Linda Robertson comes on board, will I remain a
direct report to you?  Should I now begin participating in your direct report
regular phone calls and attend the Direct Report meetings?  Please advise.

Further, the Performance Review written policy was understood by me whereby I
select my reviewers who must be a peer or higher, then discuss my selections
with my boss and then together I am advised who my boss agrees will be
reviewing me.   This time, apparently non-peers were selected to review me
and I am unaware of the selections made for me (other than those who were
selected who have told me about their selection.)  Rick, shouldn't just peers
or higher rate me or has there been a policy change whereby everyone in the
company is now having a 360 review?  Further, at least one of those selected
to review me has not worked with me all year since our issue areas never
intersected.  Shouldn't only those who have worked directly with me be in a
position to review me?

Those employees whom I have worked with most closely this year who are a peer
or higher include:  Joe Hartsoe, Tom Briggs, Joe Hillings, Dean Tarbet, Bill
Votaw and Tom White.  I would hope you would ask these folks to conduct a
review on my performance.

I welcome reporting to you.  I am just embarrassed to find out about this
good news only today in that I've done little to "report" to you.  Joe
Hillings can certainly testify to the fact he has received ample reporting
from me.  Again, I will rectify this immediately.    Many thanks!  Cynthia


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 04/17/2001 03:03 PM -----

	"Weller, Andrea" <AWeller@sel.com>
	04/17/2001 03:01 PM

		 To: "'arem@electric.com'" <arem@electric.com>
		 cc: "'Fairchild, Tracy'" <tracy.fairchild@edelman.com>,
"'nplotkin@tfglobby.com'" <nplotkin@tfglobby.com>
		 Subject: FW: SENATORS CALL FOR INVESTIGATION INTO EFFECTIVENESS OF FEDERAL
ENERGY REGULATION

I thought you should all be aware that this call is out there....

Andrea Weller
Market Strategist
Strategic Energy, LLC
949.230.3404
aweller@sel.com

SENATORS CALL FOR INVESTIGATION INTO EFFECTIVENESS OF FEDERAL ENERGY
REGULATION

Senators Joe Lieberman, D-Conn., and Jean Carnahan, D-Mo., have asked the
General Accounting Office (GAO) to inquire into whether the Federal Energy
Regulatory Commission (FERC) is carrying out its responsibilities to ensure
that wholesale electricity sales throughout the country are reasonable and
that interstate natural gas pipelines are fulfilling their obligations to
customers. "Under federal law, FERC has the responsibility to ensure just
and
reasonable prices for interstate wholesale transmission," the Senators said
in a letter to GAO, "but there is mounting evidence that FERC may not have
fulfilled this role in the California situation." Following is text of the
letter:

April 12, 2001

Mr. David M. Walker
Comptroller General of the United States
U.S. General Accounting Office
441 G Street, N.W.
Washington, D.C. 20548

Dear Mr. Walker:

We have been watching with dismay as the state of California suffers
sporadic
rolling blackouts with impacts on electricity supplies and prices throughout

the western United States, a situation that may get worse this summer when
the demand for electricity increases. We understand that there are many
factors that have contributed to the current situation, and few short term
options to create more electricity for this market. At the same time we are
extremely troubled that California's Independent System Operator (ISO)
recently asserted that suppliers of electricity in California have allegedly

been charging many times more than what it actually costs to generate the
electricity, an overcharge amounting to $6.8 billion according to the
operator. Some experts believe that these high prices reflect a
non-functioning market that has, in turn, exacerbated the state's
electricity
shortage.With the possibility of electricity deregulation occurring soon in
additional states such as Missouri, we are concerned whether there is
adequate federal oversight to guard against potential abuse of market power
by suppliers. Without such oversight, the nation may not progress towards
achieving what many see as the promise of deregulation: lower consumer
prices, greater reliability, increased choice, and more efficient
generation.
Deregulation legislation being considered in Missouri would transfer the
oversight authority from the Missouri Public Service Commission (PSC), which

works closely with the utilities to provide direction if there are capacity
or reliability concerns and sets appropriate customer rates, to the Federal
Energy Regulatory Commission (FERC). Under federal law, FERC has the
responsibility to ensure just and reasonable prices for interstate wholesale

transmission, but there is mounting evidence that FERC may not have
fulfilled
this role in the California situation. FERC Commissioner William Massey
recently said: "Ensuring just and reasonable prices in wholesale markets
requires that we clearly define market power, and aggressively intervene
when
the markets are not producing reasonable prices. The commission's actions to

date have been insufficient." (March 20, 2001 testimony to the House Energy
Committee's Subcommittee on Energy and Air quality).We are requesting that
the General Accounting Office (GAO) assess whether FERC is properly
exercising its role to enforce reasonable electricity rates. Specifically,
we
ask GAO to answer the following questions:

1) Has FERC fulfilled its mandate to ensure just and reasonable rates? Is
FERC adequately monitoring and appropriately regulating based on its
statutes
power supply, demand, and pricing in California? In other Western states? In

the Central Midwest and in the Northeast?

2) Has FERC devoted sufficient resources to carry out its oversight
obligations in a timely and effective manner? And does FERC have the
necessary resources to carry out its future oversight role?

3) Does FERC need additional authority to carry out its mission of ensuring
just and reasonable prices given that widespread partial deregulation is now

occurring in so many states?

4) As we understand the situation from some experts, the number of
transactions in electricity that occur in the deregulated wholesale market
place is voluminous. This situation may increase the difficulties of
guarding
against market abuse. Is there a role for another agency or independent
organization to exercise an oversight role with respect to these
transactions? If so, what would be an appropriate oversight role?

5) We have been advised by some experts that greater transparency of prices
relating to the buying and selling of electricity in a deregulated market
would help guard against market abuses. We understand the need to keep
prices
confidential for a period of time to ensure against collusion. After this
appropriate period of time has passed, would greater transparency be
beneficial?

We are also concerned about recent allegations by the California Public
Utility Commission (CPUC) that market power has been abused in the
transmission of natural gas, which has in turn contributed to the spiraling
cost of electricity generation in the state. The CPUC maintains that the
price of natural gas transmitted by the El Paso pipeline has been
manipulated
so that prices in California over the last year have been up to five times
the national average. Because an increasing number of states, including
California, rely heavily on natural gas fired power plants, any manipulation

of that commodity can have severe consequences. Additionally, because such a

large percent of our future nationwide generation capacity will use natural
gas, we are concerned that these types of alleged market abuses will have
even more profound effects. Therefore, we ask GAO to answer the following
questions:

1) Has FERC fully met its responsibilities to adequately regulate interstate

pipelines? If not, what areas require improvement?

2) Is there a continuing role for FERC to play in ensuring equal access to
the limited amount of space in our current natural gas pipelines? Should
this
role be enhanced or clarified, and if so, how?

3) Is there the possibility of this same type of alleged abuse in other
parts
of the country, aside from California, where the natural gas pipeline
capacity is similarly limited? Please provide any details.We appreciate all
the good work that GAO does and we look forward to hearing from you soon.

Sincerely,J

oseph I. Lieberman
Jean Carnahan


FYI:  EGM has established a fundamentals group that is providing information
on the intranet relating to coal
  and crude markets.

Regards,

Chris Calger

	From:  Jennifer Fraser                           01/09/2001 04:17 PM

To: Christopher F Calger/PDX/ECT@ECT
cc:
Subject: EGM Fundamentals Sites

Here is the info on the EGM sites. IF we can be of any assitance to the
Western team let me know.

Links to the sites are as follows:

Coal - http://egmfundy.dev.corp.enron.com/coal/framework/default.asp

Crude - http://egmfundy.dev.corp.enron.com/crude/framework/default.asp

flash intro - http://egmfundy.dev.corp.enron.com/   *Please note that the
links from this intro are temporarily unavailable so you should use one of
the above links to access the site of your choice.  Feel free to check out to
see the direction we're moving  in  as far as look and feel goes.

Thanks for passing them onto to your team

Jen
34759


Start Date: 4/5/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040508.txt

!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS3'.
Table
---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 8 / Preferred:  12.00 / Final:  13.00)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: MARTEL_2_AMFOR
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 8 / Preferred:  29.00 / Final:  19.07)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: CARBGN_6_UNIT 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 8 / Preferred:  61.72 / Final:  52.78)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  SC_ID: EPMI


Per our discussion, please see attached.  Sara


ANDREW'S WORK & MONEY LIFEMINDERS FOR 12/12/2000

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CALENDAR ENTRY:	REMINDER

Description:
	Holiday

Date:		11/23/2000
Time:		7:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


It should be under Diaz, Ann, if she got an invite.  Surely she got invited.


John,

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/29/2000
10:09 AM ---------------------------

"Dale M. Nesbitt" <dale.nesbitt@worldnet.att.net> on 11/28/2000 11:56:58 PM
Please respond to <dale.nesbitt@marketpointinc.com>
To: "Vincent Kaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: Test Project Proposal

Vince:

I did get the proposal out today, but after close of business your time.
Sorry for the brief delay.  You will find two attachments.  The first is our
time and materials contract, which will need to be executed if you want to
do the test project.  The second is an addendum to that time and materials
contract under Section H, which allows for specific work statements to amend
and supersede the general consulting agreement.  The general consulting
agreement (termsandconditions.doc) contains all the confidentiality, billing
rate, and other provisions that your contract people will probably want and
provides a general framework for doing business.  The work statement
(testproject.doc) contains the specific provisions for our standard weeklong
onsite test project.

I hope we get the opportunity to serve you and ultimately to make
MarketPoint available to you.  In light of the contiguity to the holidays, I
dont think it would be realistic to try to schedule this test project before
then, probably from your perpsective as well as ours.  Let's think about
doing it the first opportunity in January if you decide to go forward if
that is OK with you.

All the best.
Dale

 - testproject.doc
 - termsandconditions.doc


Greg,

These are finalized and we will get to all managers asap.

Thanks for your help in getting these drafted.

Robert

Mark - FYI

 -----Original Message-----
From: 	Piper, Greg
Sent:	Thursday, December 20, 2001 2:30 PM
To:	Johnson, Rick
Cc:	Jones, Robert W.- HR Exec
Subject:	RE: APPROVED Talking Points  - Estate employees

This needs to be finalized ASAP and put in the hands of the managers who are telling everyone wheter they are NETCO or Estate.

Thanks.

GP

 -----Original Message-----
From: 	Johnson, Rick
Sent:	Thursday, December 20, 2001 1:57 PM
To:	Piper, Greg; Curless, Amanda; Jones, Robert W.- HR Exec
Cc:	Pieper, Kalen; Cash, Michelle
Subject:	APPROVED Talking Points  - Estate employees
Importance:	High

Michelle and Greg's comments included - we  have approval to use the following talking points - Regards, Rj.

Talking Points - ESTATE Employees

?	As communicated in the December 19 OOTC email, NETCO is what we are calling the company that will be used to re-build the North American gas and power business under different ownership
?	You have been identified as an employee who will stay with the Enron estate.  You will not be transitioned to NETCO, once it is formed.
?	In your role, you will be asked to perform in the interest of the estate as we continue to operate our businesses, or, if appropriate, to sell, wind down and/or close out business activities.  These activities will continue according to the instructions and control of the bankruptcy process
?	As you may know, the bankrupt estate is planning to propose a retention program and severance opportunities for employees who are critical to managing the estate.  A draft proposal has been submitted to the creditors committee for comments, and further details will be released as soon as we can provide them, which we hope will be in the coming days /weeks.  This plan will be separate from the NETCO proposals.  It is our intent to get details of this plan to you as quickly as possible
?	This may create some uncertainty for you.  However, the work you do is important to the value imbedded in the estate and its many affiliate interests. We want you to continue doing your job in operating assets or working on the wind-down as the bankruptcy reorganization process runs its course
?	As certain wholesale functions and/or business purposes are eliminated, your employment may be terminated.  As I mentioned earlier, we have given a proposed severance policy to the creditors committee.  If that committee approves a proposal, the court then must approve it. There is typically recognition of the estate employees' commitments to the orderly reorganization and emergence of the bankrupt estate, however, there are no assurances available at this time
?	Be assured that we will advise you of developments as soon as they can be communicated accurately.  If you have any questions or concerns about your assignment, or your role relative to the NETCO deal closure, please address those immediately with your department head or HR representatives


Thanks!

Kay


California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


20 OCT 2230 EOP N 21?44.4'E032?34.6'  ROB: FO:825 MT  GO:137 MT LNG: 85.872M3
       2300 ANCHORED AT SUEZ ROADS

21 OCT 0530 ANCHOR AWEIGHT
       0553 CANAL PILOT ONBOARD

ETD PORT SAID 21 1800 LT
ETA ALGECIRAS, SPAIN 26 1000 LT

Brgds Knut Bentzr?d
Master LNG/C "Hoegh Galleon"

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no. 330853910
Fax   : Inmarsat fax no. 330853913
Telex : Inmarsat B telex no. 330853915
Telex : Inmarsat C telex no. 430853910 (24hrs.watch)


---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/05/2000 01:12
PM ---------------------------
   Michele Winckowski @ ENRON                10/02/2000 02:04 PM

To:
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd: FW: Montana Forest Fire picture

Subj:    Montana Forest Fire picture
This is awsome and at the same time rather chilling.  Mother nature is
spectacular
This awesome picture was taken in the Bitterroot National Forest here in
Montana on August 6, 2000 by a fire behavior analyst from Fairbanks,
Alaska by the name of John McColgan with a Digital camera.  Since he was
working while he took the picture, he cannot sell or profit from it so he
should
at least be recognized as the photographer of this once in a lifetime
shot

 - ATT09176.jpg


John,

No problem.
I look forward to it.

Vince

"John D. Martin" <J_Martin@baylor.edu> on 03/23/2001 09:04:44 AM
To: vkamins@enron.com
cc:
Subject: Request

Vince,

Would you mind making a few luncheon comments to the Texas Finance Festival
group at our sat luncheon?  I struck out with Andy and Sheridan thought
that you could relate very well to the group.  How about it?

John

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


----- Forwarded by Jeff Dasovich/NA/Enron on 11/01/2000 04:59 PM -----

	David Parquet@ECT
	11/01/2000 03:24 PM

		 To: James D Steffes/NA/Enron@ENRON
		 cc: Jeff Dasovich/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Karen
Denne/Corp/Enron@Enron, Mary Hain/HOU/ECT@ECT, Mona L
Petrochko/NA/Enron@Enron, mpalmer@enron.com, Paul Kaufman/PDX/ECT@ECT,
Richard Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron, skean@enron.com, Susan J Mara/SFO/EES@EES@ENRON,
Tim Belden/HOU/ECT@ECT
		 Subject: Re: Message Points

Looks good, except for the comments on "discourages generation".  Make it
"discourages peaking generation".

Although I agree that any price cap has a "discouraging " impact on the
generation market, it is a matter of degree in this sound bite environment.
To the point, without a creative exit strategy, I would not waste development
money on a 10000-13000 BTU/KWh heat rate peaking project.  However, even with
the FERC order, I will continue to spend money developing base load, 7000
BTU/KWh heat rate projects.  The state is tremendously short on power, the
price cap goes away (theoretically) in two years, $150 is well above the
average expected price in our forcast models (although I agree not above the
price for particular hours if scalers are applied.)

	James D Steffes@ENRON
	11/01/2000 11:39 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: David Parquet/SF/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Karen Denne/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Mona L Petrochko/NA/Enron@Enron, mpalmer@enron.com, Paul
Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, skean@enron.com,
Susan J Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT
		 Subject: Re: Message Points

I agree with much of what Jeff has written.  Here are some additions -

On FERC getting a lot right, look at the Order in relation to our 4 key
points filed in the White Paper -
Removing Market Transparency - Still need FERC to take action
Development of Forwards Market and Risk Management - Great results
Removing distortions on Prices - Wrong action
Ending Cal ISO / Cal PX Stakeholder Boards - Great results

On the risk management issue, FERC itself said "The single most important
remedy that California market needs is the elimination of rules that prevent
market participants from managing risk". [FERC PRESS RELEASE]

ADD - FERC Staff did a great job on preparing a detailed analysis of the
market issues.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	11/01/2000 01:17 PM

		 To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron,
skean@enron.com, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT,
Susan J Mara/SFO/EES@EES, Mona L Petrochko/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON,
David Parquet/SF/ECT@ECT, Paul Kaufman/PDX/ECT@ECT
		 cc:
		 Subject: Message Points

Here are the messages as I understand them.  Please let me know if I've
misconstrued anything.  Thanks.

FERC got  a lot right in the order and we're very encouraged as a result.
In particular, ending the PX buy/sell requirement and permitting utilities to
manage risk through a portfolio of short and long term contracts is a
fundamental step in the right direction.
However, the proposed price cap is unworkable and will jeopardize realibility
in California.  As structured, it will:
discourage the development of new generation to serve California
fail to provide adequate incentives for demand responsiveness.
force Enron to abandon 300 MWs of new power projects planned for California.
We look forward to participating in FERC's process and are hopeful that
FERC's final order will fix the deficiencies in the current price cap
proposal.
We encourage California to work with FERC to implement the proposals and
quickly fix the flaws in the market on behalf of the state's consumers.


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/24/2000 07:21
AM ---------------------------

dkinney@columbiaenergygroup.com on 04/21/2000 02:36:13 PM
To: " - *Kevin.Ruscitti@enron.com" <Kevin.Ruscitti@enron.com>, " -
*chris.germany@enron.com" <chris.germany@enron.com>
cc: " - *Molly.Johnson@enron.com" <Molly.Johnson@enron.com>, " - *Dalphon,
Charles" <cdalpho@columbiaenergygroup.com>, " - *Scott, David"
<dscott1@columbiaenergygroup.com>, " - *Bizik, Kim"
<knovsek@columbiaenergygroup.com>, " - *Jones, Donna"
<djones1@columbiaenergygroup.com>, " - *Destephanis, Kara"
<kdestep@columbiaenergygroup.com>, " - *Boyd, Heidi"
<hboyd@columbiaenergygroup.com>, " - *cfrankl2@enron.com"
<cfrankl2@enron.com>, " - *joan.veselack@enron.com"
<joan.veselack@enron.com>, " - *vversen@enron.com" <vversen@enron.com>, " -
*cindy.vachuska@enron.com" <cindy.vachuska@enron.com>, " -
*cora_pendergrass@enron.com" <cora_pendergrass@enron.com>, " -
*mmitche2@enron.com" <mmitche2@enron.com>, " - *scott.goodell@enron.com"
<scott.goodell@enron.com>, " - *steve.gillespie@enron.com"
<steve.gillespie@enron.com>, " - *cgarcia@enron.com" <cgarcia@enron.com>, " -
*despey@enron.com" <despey@enron.com>, " - *joann.collins@enron.com"
<joann.collins@enron.com>
Subject: CES First-of-the-Month Requirements for May '00

The attached file contains the May '00 Baseload citygate and storage
injection/(withdrawal) requirements.   Please note the caveats in the Comments
worksheet.  We will address those promptly on Monday.    CES personnel note
that the attached file is archived on the network in P:\Energy
Ops\Enron\May_00\  so you don't need to save it elsewhere.

Have a nice weekend.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Reqs.xls


Phelim,

I shall be glad to join you for dinner on Sunday.
I shall be also available for the panel discussion.

I would like to thank you one more time for the invitation
to speak at the conference.

Vince

Phelim Boyle <pboyle@uwaterloo.ca> on 05/12/2000 03:47:59 PM
To: Vince.J.Kaminski@enron.com, Amy Aldous <aaldous@watarts.uwaterloo.ca>,
pconcessi@deloitte.com, ROSS Raymond -CMMRCL OPS
<raymond.ross@ontariopowergeneration.com>
cc:
Subject: Conference May 31 on Energy Derivatives in Toronto

 Vince
Thanks again for agreeing to speak at our conference.
It is attracting considerable interest. .

Is it possible for you to send us copies of your slides by May 18 to meet our
deadline for
preparing the material.? If you have? a related paper available that covers
some of the same material that would do instead but
naturally we would prefer the slides.

I would like to mention again the?? the pre-conference dinner at
7 pm on Sunday May 30 for the speakers
We hope very much you can be present

I was also hoping you would be available for the last? session of the day to
be panel member
The provisional title? is
Managing Risk in Illiquid Markets
The chair is Pat Concessi of Deloitte and Touche
The panel last from 3.30 until 4.30 and we would like panel members should
speaker for
a few minutes and take questions from the floor.

In the meantime if you have any questions please let Amy or myself know

Sincerely
Phelim P Boyle
?

--
Phelim P Boyle
Director
Centre for Advanced Studies in Finance,
University of Waterloo,
Waterloo, Ontario
Canada N2L 3G1

Tel? 519 885 1211(6513)
Fax 519 888 7562
?


greetings.  could you please call me at 415.782.7822.  thanks.
Jeff


Recognizing Enron,s increasing worldwide presence in the wholesale energy
business and the need to insure outstanding internal controls for all of our
risk management activities, regardless of location, a global risk management
operations function has been created under the direction of Sally W. Beck,
Vice President.  In this role, Sally will report to Rick Causey, Executive
Vice President and Chief Accounting Officer.

Sally,s responsibilities with regard to Global Risk Management Operations
will mirror those of other recently created Enron global functions.  In this
role, Sally will work closely with all Enron geographic regions and wholesale
companies to insure that each entity receives individualized regional support
while also focusing on the following global responsibilities:

1. Enhance communication among risk management operations professionals.
2. Assure the proliferation of best operational practices around the globe.
3. Facilitate the allocation of human resources.
4. Provide training for risk management operations personnel.
5. Coordinate user requirements for shared operational systems.
6. Oversee the creation of a global internal control audit plan for risk
management activities.
7. Establish procedures for opening new risk management operations offices
and create key benchmarks for measuring on-going risk controls.

Each regional operations team will continue its direct reporting relationship
within its business unit, and will collaborate with Sally in the delivery of
these critical items. The Houston-based risk management operations team under
Sue Frusco,s leadership, which currently supports risk management activities
for South America and Australia, will also report directly to Sally.

Sally retains her role as Vice President of  Energy Operations for Enron
North America, reporting to the ENA Office of the Chairman.  She has been in
her current role over Energy Operations since 1997, where she manages risk
consolidation and reporting, risk management administration, physical product
delivery, confirmations and cash management for ENA,s physical commodity
trading, energy derivatives trading and financial products trading.

Sally has been with Enron since 1992, when she joined the company as a
manager in Global Credit.  Prior to joining Enron,  Sally had four years
experience as a commercial banker and spent seven years as a registered
securities principal with a regional investment banking firm.  She also owned
and managed a retail business for several years.

Please join me in supporting Sally in this additional coordination role for
global risk management operations.


----- Forwarded by Tana Jones/HOU/ECT on 04/11/2001 01:40 PM -----

	exchangeinfo@nymex.com
	04/11/2001 10:57 AM

		 To: tana.jones@enron.com
		 cc:
		 Subject: (01-128) INTRODUCTION OF BRENT CRUDE OIL FUTURES CONTRACT

Notice 01-128
April 11, 2001

TO:
All Exchange Members/Member Firms
All Exchange Clearing Members

FROM:
Neal Wolkoff
Executive Vice President

RE:
INTRODUCTION OF BRENT CRUDE OIL FUTURES CONTRACT

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

At the recommendation of its crude oil advisory committee, the board of
directors of the New York Mercantile Exchange, Inc., this morning voted to
develop a 15-day Brent Blend crude oil futures contract that will be traded
in the ring alongside the Exchange,s benchmark light, sweet crude oil futures
contract.

The new contract will be cash-settled based on an index currently under
development by the Exchange staff and crude oil advisory committee.

This contract is a natural fit for our marketplace since many of our
customers and traders are already participating in this market.  Net
margining between the two benchmark crudes and an aggressive program to
reduce other trading costs will benefit our customers, members, and the
marketplace as a whole.  Being offered on the New York Mercantile Exchange
will enhance this market through absolute neutrality and our demonstrated
liquidity and expertise in creating efficient energy markets.

For more information, please call Robert Levin, Senior Vice President of
Planning and Development at (212) 299-2390, or Daniel Brusstar, Director of
Energy Research, at (212) 299-2604.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(01-128)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Ted,

The people included in the cc: are those people we nominate to interview on the below mentioned days.  We have not checked their availability and should you not find enough people from the list above please revert to John or I, but I think you have enough.

Louise

 -----Original Message-----
From: 	Bland Jr., Ted C.
Sent:	Wednesday, September 26, 2001 1:39 PM
To:	Causey, Richard; Buy, Rick; Glisan, Ben; McCarty, Danny; Piper, Greg; Beck, Sally; Lavorato, John; Kitchen, Louise; Dietrich, Janet; Bowen Jr., Raymond; Mcconnell, Mike; Shankman, Jeffrey A.; Fallon, Jim
Cc:	Oxley, David; Olson, Cindy; Pieper, Kalen; Barnard, Marla; Lemmons Jr., Billy; Davies, Neil; Jones, Robert W.- HR Exec
Subject:	Fantastic Friday/Super Saturday Interviewers

As you all know, the recruiting season is in full swing and the AA Program's recruiters are hitting campus as we speak.  One of the most important parts of the process and a key to Enron's future success are the Fantastic Friday and Super Saturday interview dates where we make the selections on those candidates who will receive offers from Enron for the 2002 recruiting class.  It is important that these candidates be interviewed by business leaders from each business unit and specifically those who utilize AA pool members.  Our goal is for each business unit to identify a core group of interviewers for each of the four interview weekends which will be held as follows:

		Dates						Total Number of Interviewers Needed**

October 25-26           Fantastic Friday - Analysts			100		30 for dinner/70 for interview
November 2 -4 -        Super Saturday - Associates		100		30 for dinner/70 for interview
November 15-16        Fantastic Friday - Analysts			100		30 for dinner/70 for interview
November 30-Dec 1   Super Saturday - Associates		100		30 for dinner/70 for interview

I have attached a list of those individuals in various business units that have participated in the interview process in the past for your review (as a sample of the type of individual we are looking for as interviewers).  Please provide me a list of your business unit's interviewers by date by Friday, October 5.  Individuals are encouraged to interview more than one selected date and we will forward details to them at least a week prior to the interview date.  If you have any questions, please do not hesitate to give me a call.  Thanks again for all your help.  Ted and Traci

**  We do not expect you to provide all the interviewers.  This number reflects to total needed from all business units and will include those needed for both the evening and interview days..


Bob's at lunch right now - I've left a big note on his desk and we'll sort it
out this afternoon. Thanks for the reminder.

Kate

Melissa Ann Murphy
03/29/2001 11:13 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Constellation Cal Px trades

Hello, I hate to bug you with this.  Whenever you can spare a second would
you ask Bob about this?  I am afraid it is going to slip through the cracks.

Thanks for your help!
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 03/29/2001
12:07 PM ---------------------------

Melissa Ann Murphy
03/26/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT
Subject: Constellation Cal Px trades

Hi Bob, I was wondering if you have contacted Constellation about the 6
trades that are in the system with the Cal Px as the index price.  All of
these trades start flowing in July of this year.

The deal numbers are as follows:

453152.01
453175.01
453294.01
462109.01
471888.01
471889.01

Let me know if Constellation agrees to change these deals to the Dow Jones so
I can send a letter for them to sign.

Thanks,
Melissa


We are all doing reasonably well, I think.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


If you have a spot for him.  I am also going to send it along to the IT HR
contact.

---------------------- Forwarded by David Baumbach/HOU/ECT on 05/19/2000
02:42 PM ---------------------------

AORR@dynegy.com on 05/19/2000 02:28:26 PM
To: David.Baumbach@enron.com
cc:
Subject: Re:

Here is Neal's resume. He will be at the Knoxville address and phone # for the
next couple of weeks. He is going to come down and stay with me around June 1.
My home number is 713-290-8434. Hy home address is 955 W. 42nd Street,
Houston,
77018. My work number is 713-767-8774.

(See attached file: NOrrRes.doc)

 - NOrrRes.doc


Please review the revised strategy.  Everyone has not been selected as a
participant yet.  I have been working on logistics.  I was just approved
today to have the presentation in Stone Davis Hall.  I have also been going
back and forth with a contact Fariha gave me to set up a faculty lunch and
classroom presentation.  As confirmations come in, I will update the
strategy.  I have a meeting with Cindy Olson on September 18, 2000.

We have reserved hotel rooms for the overnight stay events.  Debbie Flores,
my Coordinator has made those arrangements and will have confirmation
numbers.  You will be responsible for booking your flight arrangements and
rental cars in Boston.

If anyone has questions, please leave me a message or e-mail.  I am out on
the road recruiting at the other schools I am assigned to.

Thanks again, Geynille


Attached is the February 18 Significant Events report from the Regulatory
Affairs department.

Rubena


OK, that's funny.

DG

SSCHROED@us.ca-indosuez.com on 02/28/2001 03:28:47 PM
To: david_craft@wbw-pc.com, dgiron@enron.com, jeff_graham@condley.com,
bruce_d_jones@us.dell.com, sjordan@jw.com,
randy.g.kruger.jr@arthuranderson.com, Andy.Marusak@USASports.com,
bshaffer@securitycapital.com, mikeshaw@andrews-kurth.com,
todd.w.taylor@bakernet.com, bwells@pop.net
cc:
Subject:

  Little  Johnny  walked  into  his  dad's bedroom one day and found him
  sitting  on  the side of his bed sliding a condom onto his dick. In an
  attempt  to hide his full erection, Johnny's father bent over as if to
  look under the bed.

  Little Johnny asked curiously, "What ya doin', Dad?"

  His  father  quickly replied, "I thought I saw a rat go underneath the
  bed."

  Johnny replied, "What ya gonna do, fuck him?"


---------------------- Forwarded by Robin Barbe/HOU/ECT on 12/05/2000 12:26
PM ---------------------------

Geraldine Irvine

12/01/2000 04:30 PM
To: Scott Neal/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, David
Jones/NA/Enron@ENRON, Ed McMichael/HOU/ECT@ECT
cc: Sanjeev Khanna/NA/Enron@Enron, Kimberly Brown/HOU/ECT@ECT, Stephanie
Gardner/HOU/ECT@ECT, Tera Moss/Corp/Enron@Enron
Subject: PSEG Meeting

Please plan to attend a meeting to discuss a one year supply deal for PSEG
50,000/d @ Transco Zone 6, on Tuesday, December 5, 3:00 p.m., in EB-2934.

If any questions contact Sanjeeve Khanna at Ext. 3-3849.


Pursuant to Frank Vickers' request, I am attaching our form master netting agreement.

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


Click on the following URL....and then hit New Product! about the middle of
the screen.  You can now enter in city ids and get current weather
observations from those cities.  It will automatically update as new
information comes in.

http://ecthou-webcl1.nt.ect.enron.com/research/Weather/WeatherMain.htm

If you need help with station identifiers, let me know.

Jay


Kim,

Here are the drafts for Anaheim / LA.  I am working on Arizona Public Service.

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