In my summer update about the acquisition of MG Plc and the integration of
the metals business into Enron, I reported that we were aiming to complete
the integration by the end of the year. I am pleased to report that we are
well on the way to meeting this target.

September was a busy month for the metals business as it brought with it both
the co-location of the London and Tokyo-based metals staff with Enron,s
offices and the first quarter of combined reporting under Enron Europe.
Ensuring a smooth transition for both the metals staff and the metals systems
into our London headquarters took a tremendous amount of co-ordination by
teams across the company on the part of the former MG team and the
integration team at Enron Europe.  Nevertheless, &D-Day8 arrived with minimal
problems and the metals team open for business as usual on the morning of
September 18th.

Another key initiative that commenced during September was the re-positioning
of the MG worldwide metals business as Enron Metals. With the exception of
the Henry Bath & Son Limited warehousing division, which will remain as
currently named, the re-branding initiative was kicked off in the UK and
followed by Japan and the US.  The re-branding initiative is on going with
all other remaining regions set to undergo completion of the name change by
the end of November.

Enron Metals is represented throughout the world.  I have attached a regional
office summary that depicts Enron Metals, locations (Appendix I).

In light of the progress that has been made since the summer, I thought it
would be helpful to provide you with a brief recap of Enron Metals, core
business areas and identify those members of the metals team who will be
leading commercial efforts moving forward.

Merchanting Division

The Merchanting Division, led by Michael Farmer (+44 (0)20 7783 2049), is a
worldwide copper merchant, one of the top three independent merchants of
copper concentrates and nickel and the leading European merchant of recycled
non-ferrous metals.  Core activities of the merchanting division are:

? Merchanting of Non-ferrous Metals ) Enron Metals trades as a principal with
producers and consumers, buying and selling non-ferrous metals and
concentrates (particularly copper, aluminum and nickel), exchanging qualities
and locations and lending and borrowing metals.
? Global Stockholding ) Through its affiliate, Henry Bath & Son Limited,
Enron Metals holds stocks of non-ferrous metals at warehouses around the
world.
? Merchanting of Recycled Metal ) Enron Metals trades as a principal with
suppliers and consumers of non-ferrous metal for recycling.  Enron has
augmented its European recycling platform through the acquisition of assets
of W&O Bergmann, the leading German Recycling Business.

Financial Services Division

The Financial Services Division, led by Michael Hutchinson (+44 (0)20 7783
2079), provides market-making and trading services to Enron Metal,s physical
metals trading business through futures trading as a member of the London
Metal Exchange and as a member of COMEX in New York.  The Financial Services
Division will continue to be comprised of brokerage activities for LME and
COMEX contracts and be a market-maker for both futures and options contracts
on the LME and COMEX and in OTC metals contracts.

With much of the metals business moving to online trading, significant effort
has been put into getting metals contracts incorporated into EnronOnline,s
portfolio of product offerings since the metals business, integration into
Enron this summer.  Today on EnronOnline we are trading six metals (Copper,
Aluminium, Nickel, Zinc, Lead and Tin) with over 150 products available.

Enron Metals now has almost 800 financial counterparties on the books, with
300 of these having EnronOnline accounts.  Trading volumes have increased
from a couple of trades per day in September to a high of 300 in October. The
attached charts depict the established metals results compared to the start
up of US natgas (Appendix II).

Origination

Enron Metals established a London-based commercial unit under the direction
of Eric Gadd, Vice President-Global Metals Origination which is focused on
completing highly structured and long-dated transactions.  It will integrate
with existing merchanting and financial service competencies to lever up
earnings creation.  Currently, the origination team is working on a number of
Q4 transactions in Australia and the Americas.  The deal pipeline for Q2 has
prospects in not only these regions but also Europe/Africa and the Middle/Far
East.   Close and regular communication between the metal origination team
and other business units inside Enron is essential if we are to succeed in
building a new capability to achieve earnings targets and deliver shareholder
value through Enron Metals.  Your active involvement and close co-operation
here is appreciated.

Warehousing (Henry Bath & Son Limited)

The Warehousing operations, led by Ed Dablin, operate under the name of Henry
Bath & Son Limited.  Henry Bath has been in business for more than 200 years
and maintains a global operation for the physical handling and storage of
non-ferrous metals, including zinc, tin, copper, nickel, lead and aluminum.
Henry Bath provides support to both the Merchanting and Financial Services
Divisions, and also engages in independent warehousing operations.  Its core
activities include worldwide storage of metals and other products such as
cocoa, general goods and worldwide shipping services.

Presently, Henry Bath maintains over three million square feet of storage
worldwide (most of which is leased), with the largest facilities located in
the United Kingdom (Liverpool, London, Bristol, Immingham), the Netherlands
(Rotterdam), Spain (Bilbao, Barcelona), Singapore, and the United States (New
Haven, New Orleans and Los Angeles).

Rob Soeldner is managing the integration efforts for me.   Please feel free
to contact him at +44 (0)20 7783 7169 with any questions regarding the
business.

Regards
John Sherriff


DAN - I've made a few modifications to the above referenced agreement to
reflect volume changes and pricing changes associated with the GRE deal.  The
deal structure has been modified to reflect an increase in the DCQ, a  $0.05
demand charge per DCQ and the ability for GRE to decrease its DCQ monthly.
Could you please review the changes I made, as well as clarify that the
respective pricing reflects gas purchased "day-ahead", not intraday.
Intraday gas sells will be negotiated/ quoted on an "as needed" basis.

What does not appear to be addressed in any of the contracts to be executed
by ENA and GRE is the agency relationship that will exist whereby ENA will
handle nominations, scheduling, invoicing , etc... The intent of our overall
arrangement with GRE is to provide an agency relationship pursuant to the
June 1, 2000 TRANSACTION TERM SHEET.  Is this agency arrangement going to be
documented separately?  If so, please prepare a draft.  Otherwise, please
incorporate into the below agreement language consistent with the June 1st
Transaction Term Sheet under the section entitled "OPERATIONS".

OSCAR - I've modified the agreement to reflect IF-FOM at Ventura for the DCQ
and GDA-Common High for all volumes in excess of the DCQ.  Also, as you note
above, I'm instructing Dan to clarify that this is day ahead gas.  Carl, in
his June 23rd term sheet broke out the pricing mechanism to include a "day
of" price.  I don't think we should show a price for intraday gas in the
Winter.  It will be overly expensive and probably will never be utilized.
Also, Carl raises the issue of utilizing third parties when ENA cannot
service their account (blancing services, etc...)  Conceptually, I am
indifferent, but if they don't use us than we don't nominate or schedule.

chris
x31666

Oscar Dalton
06/30/2000 02:45 PM
To: Dan Hyvl
cc: Chris Meyer/HOU/ECT@ECT, Jason R Wiesepape/HOU/ECT@ECT
Subject:

Dan,

Great River Energy signed the reimbursement agreement and the transport
agreements.

We are trying to finalize the gas deal and I wanted to let you know that
Chris Meyer will be getting with you next week to review the transport
arrangemet so we can incorporate into the transaction agreement that is part
of the master.

by copy of this e-mail, I am also requesting Jason to send a copy of a master
agreement to Carl Sulzer for his review.

thanks

Oscar


Vince,

In the morning we were talking about the El Paso candidate who thinks he is
above something and is not
willing to take certain project or responsibility.   In real life, we also
occasionally have similar stiuation. (an
example is attached).

I would like to have your guidance when such a situation occurs.

Zimin

---------------------- Forwarded by Zimin Lu/HOU/ECT on 05/02/2001 02:07 PM
---------------------------

Zimin Lu
05/02/2001 01:41 PM
To: Paulo Issler/HOU/ECT@ECT
cc:
Subject: Re: Asian Option for Pavel

Our convention is whoever finalizes the model should write the
documentation.  It does not make sense
to write one when changes are anticipated.  You have been working on this
almost a year, it never
strikes you that we need a documentation ?

I created Exotica.xll, does that also give you an excuse not working on
Exotica documentation ?

Zimin

Paulo Issler
05/02/2001 11:52 AM
To: Zimin Lu/HOU/ECT@ECT
cc: Tai Woo/ENRON@enronXgate @ ENRON, Pavel Zadorozhny/Enron@EnronXGate
Subject: Re: Asian Option for Pavel

I am surprised that we do not have the documentation ready.
I can make that for you. It is not there because you did not put that
together by the time it was created and all the changes I have made did not
required changes on the functionality.
Paulo Issler

Zimin Lu
05/02/2001 11:29 AM
To: Tai Woo/ENRON@enronXgate @ ENRON, Paulo Issler/HOU/ECT@ECT
cc: Pavel Zadorozhny/Enron@EnronXGate
Subject: Re: Asian Option for Pavel

Tai Woo,

Here are the c-codes for the CrudeAPO.  'Sig' is the spot
volatility meaning the price volatility within the delivery period.
You should consult  with Pavel for the definition of this "extra"
parameters.   We
would like to see the Position Monitor once you get it running.
We might have some additional suggestions.

Paulo,

Why don't we have a documentation on CrudeAPO you worked on ?
I can not find it in Exotica help file.   Please supply that to Tai, thanks.

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

From: Tai Woo/ENRON@enronXgate on 05/02/2001 09:55 AM
To: Paulo Issler/HOU/ECT@ECT
cc: Kara Maloney/ENRON@enronXgate, Zimin Lu/HOU/ECT@ECT
Subject: Asian Option for Pavel

This morning, Zimin told me that Pavel is using a special model in evaluating
his Asian option portfolio.
He asked me to talk to you in order to access to the code so that I can see
the difference made to the model.

As I cannot find the doc. describing this model, please tell me what that new
input parameter 'Sig' is.

Thanks,


Have we put this to bed yet?

How about the easement across our property?  Where do we stand on that?

-----Original Message-----
From: Druzbik, Lisa
Sent: Tue 7/31/2001 4:56 PM
To: Rainer, Eva
Cc: Nemec, Gerald; Bieniawski, Paul
Subject: FW: Napoleonville Land Sale & Keystone/Unocal Deal

Eva,

FYI - I called Mary Ogden today to follow-up on the status of the Napoleonville Land sale document filing (sale to TX Brine).  Mary said that she is still trying to locate the document(s).  She plans to finalize in one of two ways:

1.  Our lawyers in Louisiana are going to send someone this week to check the Assumption Parish records (to see what was actually recorded);

2.  Mary sent an e-mail to a former Enron Landman (now AEP), Robert Rose.  Ann Elizabeth told Mary that Robert may have a copy of the document(s).

Thanks, Lisa

 -----Original Message-----
From:   Rainer, Eva
Sent:   Friday, July 20, 2001 11:11 AM
To:     Van Hooser, Steve; Ogden, Mary
Cc:     Druzbik, Lisa; Johnson, Patrick
Subject:        RE: Napoleonville Land Sale & Keystone/Unocal Deal

Any news on this?  We are having lunch with Texas Brine again today, in about 20 minutes, if there's any news I'd love to hear it....Thanks!  Eva

 -----Original Message-----
From:   Van Hooser, Steve
Sent:   Thursday, July 19, 2001 8:35 AM
To:     Ogden, Mary
Cc:     Rainer, Eva; Druzbik, Lisa; Johnson, Patrick
Subject:        FW: Napoleonville Land Sale & Keystone/Unocal Deal

Mary,

Would you call AEW and find out where we can find a copy of the Tract 5B sale from Enron Storage Company to LRCI, Inc. here in our office--I know you are planning to call Sandi Braband; according to the message below, AEW must have done the work.

Also, would you please call Keith Daigle (I don't want to use Locke Lidell on this) and ask him to obtain a file stamped copy of "all" ESC conveyances to LRCI that are filed in the Assumption Parish Records.  Keith's phone number is 504-830-3990 or 985-898-1909.

Would you also ask Keith how he is coming on the Sorrento Right of Way Agreement that I sent him on July 7.  We need to have that back by the time Patrick Johnson returns next Monday.  Please give him a "gentle" prod.

Thanks,

Steve

 -----Original Message-----
From:   Druzbik, Lisa
Sent:   Wednesday, July 18, 2001 5:34 PM
To:     Van Hooser, Steve
Cc:     Rainer, Eva; Ogden, Mary; Bieniawski, Paul; Higgins, Ned
Subject:        Napoleonville Land Sale & Keystone/Unocal Deal

Steve - I have a few comments and inquiries, as follows:

An update on Tract 5B sale to TX Brine:

Paul Bieniawski spoke to Ann Elizabeth this afternoon and she told him that the law firm, Locklidell (sp.), dropped the ball and failed to file the appropriate papers with the authorities.  The papers should have been filed by now.  How can we confirm the filing? Do you have contacts at Locklidell (sp.)? Can we call the authorities?

Proposed sale of Tracts 5A, 4B & 4A:

Since LRCI now owns the land as a result of the merger, does Enron have the authority to sale the property and thus keep 100% of any sales proceeds?

Also, I meant to mention to you earlier that I am working on another deal (Keystone/Unocal) which incorporates both compression and storage; Northern Natural Gas is involved as well and we need your help in generating a term sheet.  I will call you tomorrow to discuss further.

Thanks, Lisa Druzbik
3-9620


The request below is for office moves due to construction scheduled to begin
on July 14, 2000.  The estimated time of construction is 2 to 3 weeks.  Will
you please add these moves to the July 14th churn.

Thanks.

Joya' F. Davis
Sr. Admin. Assistant
ENA Legal Department
EB3855A
joya.davis@enron.com
(713) 853-9559 DID
(713) 646-4842 FAX


---------------------- Forwarded by Chris Germany/HOU/ECT on 08/28/2000 12:52
PM ---------------------------

	Enron North America Corp.

	From:  Kimberly Brown                           08/28/2000 08:59 AM

To: Scott Neal/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Tammi DePaolis/Corp/Enron@ENRON, Maureen
Smith/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc:
Subject: Randy Gay's Wife

Just in case you did not know, Randy's wife died last week. They will be
having services today and tomorrow.  However, in lieu of flowers they would
like donations for a playground in their neighborhood.  If you want to give a
donation, please bring it by my desk.

Thanks
Kimberly


Please follow up with this.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/02/2000
02:18 PM ---------------------------

Rick Bergsieker@ENRON_DEVELOPMENT
09/25/2000 11:50 AM
To: Jeffrey A Shankman@ECT, Mike McConnell/HOU/ECT@ECT
cc:
Subject: Doug Arnell

At our LNG coordination meeting in London last Friday, I asked Doug Arnell to
be the point person tocoordinate the assembly of a quick data base of all of
our LNG sources and uses and ship availability over the next several years.
He will work with Merritt Thomas, Brad Hitch and Eric Groves and will
coordinate all of his work with Eric Gonzales.

The purpose of this exercise is to give us, in light of the fact that we do
not have an operational LNG book,  a quick picture of the overall situation
so that we can make some quick calls on Hoegh Galleon, Abu Dhabi etc.

I have noted that Doug has since started copying the two of you on lots of
emails.  I will ask him to take the two of you out of the details on this for
now so that we don't overload your email inboxes, unless you want to see all
of the details.

I will screen the emails and forward you info to keep you in the loop but at
a higher altitude without all of the gory details.

Please advise


PG&E asked the FERC to establish cost-based pricing for all sales into
California, and until the FERC makes a final determination on whether rates
are just and reasonable, to subject all sales to a cost-based refund
condition.

From: James D Steffes@ENRON on 03/12/2001 03:29 PM CST
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Re: FERC Order and DWR

Mary --

Did anyone file for rehearing to "include" LT contracts into the review
process?

Jim

	Mary Hain@ECT
	03/12/2001 01:31 PM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Joe Hartsoe/Corp/Enron@ENRON, jklauber@llgm.com@ENRON, Susan J
Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Christian
Yoder/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Tracy Ngo/PDX/ECT@ECT
		 Subject: Re: FERC Order and DWR

In the Staff Recommendation on Prospective Market Monitoring and Mitigation,
March 2001, the FERC Staff stated that its proposed mitigation proposal is
designed to apply only to approximately 5% of the market that remains in
real-time and not to the bilateral and forward markets.  In addition, the
December 15 order only established a reporting requirement for sales into the
ISO and PX spot markets exceeding $150/MWh.  Under the order, the refund
potential closes after 60 days of a utility filing its cost justification
unless the FERC issues written notification to the seller that its
transaction is still under review.  Note well that this does not entirely
insulate EPMI concerning long term deals because the FERC's December 15 order
is still pending rehearing and parties can appeal that order once the
Commission rules.

From: Jeff Dasovich@ENRON on 03/12/2001 12:00 PM CST
Sent by: Jeff Dasovich@ENRON
To: Joe Hartsoe/Corp/Enron@ENRON, jklauber@llgm.com, Susan J
Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Christian
Yoder/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT
cc:
Subject: FERC Order and DWR

Quick question to Joe and/or Christian, John and Mary:

I'm assuming that any deal we sign with DWR that falls below the $150/MWH
soft cap is free and clear of the order FERC issued on Friday as well as any
other refund risk associated with FERC's December order.  Is that correct?
Thanks.

Best,
Jeff


(20) If and when a new RTO begins operation, seek to provide Scheduling
Services [term used correctly?] and to satisfy required RTO rules and
protocols in accordance with RTO requirements.


I would appreciate your help in communicating to the HR community that signed waivers related to the revocation of job offers are to be placed in two locations:  (1) original to the vault; and (2) a copy to the application file kept by HR regarding the individual.

Thanks,
--Lizzette


Bill, how are we making out on the credit reviews for some of these customers
where Fred has waived his objection?

Regards
Delainey


Did you ever receive a refund check from ADT Security?

Expenses:
They have informed me your $5,000 payment was issued on 1/4/01 and it takes 10 business days to arrive.  It was mailed here so I will keep an eye out for it.  They also said all of you expense reports have been processed but they can not pay the remaining balances until they get approval from Enron.  I will keep on top of it.  Have you heard anything else about us getting paid our remaining balances?

Tammie Schoppe
Enron Americas-Office of the Chair
Assistant to Louise Kitchen
713.853.4220 office
713.646.8562 fax
713.253.2131 mobile


could you pick my ticket up for me?
----- Forwarded by Jeff Dasovich/NA/Enron on 11/29/2000 06:49 PM -----

	"Dean's Office" <researchdialogue@Haas.Berkeley.EDU>
	Sent by: owner-eveningmba@Haas.Berkeley.EDU
	11/29/2000 06:22 PM
	Please respond to "Dean's Office"

		 To: fx00@haas.berkeley.edu, mba02@haas.berkeley.edu,
mba01@haas.berkeley.edu, allphds@haas.berkeley.edu,
eveningmba@haas.berkeley.edu
		 cc:
		 Subject: Tickets for the Secretary Summers Address on 12/6

Dear Haas Students,

We still have many unclaimed tickets left for the Secretary Summers
Research Dialogue Program "Keeping the Economy Growing" at 1:45 on Tuesday,
December 6 in the Andersen Auditorium.

The deadline for Haas students to pick up tickets for this event is this
Friday, December 1 at 2pm.

After the Friday deadline, we will offer all of the unclaimed tickets to
other Cal students who have been clamoring for these tickets.

The Dean's Office is open from 9am to 5pm daily and Evening MBA students
can pick up their tickets at the EMBA Office after 5pm.

Thanks for your cooperation!

The Dean's Staff


Perfect, I knew I could count on you for some good gossip, and no I haven't heard about the second trip...

Write back and fill me in!
A

 -----Original Message-----
From: 	Wolfe, Jason
Sent:	Wednesday, August 29, 2001 3:23 PM
To:	Mulligan, Amy
Subject:	RE: Hola

Actually, (keep this between you and me, because it is kind of serious), Ted's romance led to some
trouble for him as word got back to his fiancee. He seems to be out of the doghouse, now, though,
which is good.
The second trip had it's own share of weirdness that I will tell you about another time (if you haven't
heard from someone already).

Off to a meeting...
J

 -----Original Message-----
From: 	Mulligan, Amy
Sent:	Monday, August 27, 2001 3:00 PM
To:	Wolfe, Jason
Subject:	RE: Hola

I am running things up here, I was tempted to have my assistant send you a reply to your memo however I thought that might be too impersonal...

Just kidding, I'm glad I'm not running things because this old pipe is falling apart...

Also, I don't think you should be dissing JCI just because you've eaten prime rib on yacht with a parakeet collection...  Nothing new is going on here, I think we're getting a new team member next week but nobody with a real opinion has anything nice to say about him.  Did you hear how the second trip to Miami went? I just heard about from the old lady who works for NNG.

Fill me in on the gossip, did anything ever happen with the romances that budded on the trip?  I think it would be pretty difficult to shown back up in the office that next Tuesday!

Later...

 -----Original Message-----
From: 	Wolfe, Jason
Sent:	Friday, August 24, 2001 12:22 PM
To:	Mulligan, Amy
Subject:	Hola

Amy,

How's the pipeline business treating you? I haven't talked to you since the Miami
thing and was just touching base. You're probably running the show up there by now.

You should head down to 32 and get some of our lovely bid-week complimentary meal:
James Coney Island hot dogs (from a box) with dilute chili, cheese paste & a side of
tater tots.

I'm off  to get a real lunch -  let me know what's going on in TW-world.

Jason


Sara,

Stuart just executed an FX deal with MG.   He is hedging some cashflows for a
metals trade that they have done.  As the MG entitity which Enron purchased
is MG Plc, I am assuming that we should book this trade as MG plc.  Would you
think otherwise?  Does Legal have any official documentation on the MG
purchase that we could send to Global CP so that they can set up MG plc in
their database.  Currently, there are lot's of MG's in global, but  they all
have different names (MG Metal & Commodity Co. Ltd, MG Refining & Marketing,
etc. )


Attached is an Omnibus Confirmation for NG Trading LLC. If you have any
questions, please feel free to call.

Regards,

Brad


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/13/2000
11:25 AM ---------------------------

Joseph Hrgovcic
10/13/2000 09:00 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Report Research

Vince,

 I'll get with Mark on your contact. I supsect Mark will also want to set up
a meeting. The enclosed is a draft of a paper I'm working on for the November
issue of Futures & Options World -- it's a UK publication. If you get a
chance, please look it over.

Joe


Wednesday afternoon Febuary 6th, 2002, the Enron building experienced a brief power outage.  The building is powered by one of two Reliant circuits.  Yesterday, while a backup circuit was turned off for nearby construction of the light rail system, the primary circuit failed.  Typically, the backup system would have switch on immediately, but because the backup circuit was off the building's backup generators were activated creating what was perceived by some as smoke.  While there was no fire within the building, many employees quickly evacuated the building through the stairwell.  Given heighten concerns for national security, evacuation was indeed appropriate and we appreciate that employees conducted the evacuation calmly and courteously.

Enron Property & Services Corp


Dennis - Please reserve 12,500 MMBtu West Texas Pool space beginning 3/1/03 for Red Rock contracts for Calpine (6,500) and PPL (6,000).  Thanks.

Lorraine


Parties represented at an informal meeting after the February 7, 2000
prehearing conference discussed circulating redlined versions of the CAC
settlement proposal as a point of departure for further settlement
conferences.  Transwestern Pipeline Company submits the following comments in
lieu of a redlined document.

 Transwestern fully supports the CAC's proposal of a path-defined receipt
point structure that would define primary and secondary rights at receipt
points on the SoCalGas system. Not only does the proposal satisfy the
Commission's requirement that Hector Road be established as a formal receipt
point, it is also consistent with open and non-discriminatory access and use
of the SoCalGas system, and will help provide a reasonable degree of
certainty so that all market participants can more effectively plan gas
transportation.  CAC's proposed receipt point principles ensure that no
upstream transportation provider will unduly be denied access to SoCal's
system.

 Transwestern believes that the parties may still need to address certain
details regarding implementation of the receipt point proposal that have not
been fully described in the CAC document.  To this end, Transwestern proposes
that implementation of the receipt point proposal be included on the agenda
for the upcoming all-party settlement discussions.  Transwestern looks
forward to a constructive discussion of the proposal and is confident that
the parties will be able to agree on a plan for implementation.

Susan Scott
Senior Counsel
Transwestern Pipeline Company
(713) 853-0596
sscott3@enron.com


Very belated reply - I am cleaning up old e:mails today, and came across this
one that I had not answered.  Commercial does not sign confirmations at this
point.  Too many to make that practical these days.  When I started the
confirm desk in 1994, traders were signing confirms at that time. Once they
knew that they had someone who would take responsibility to make sure they
were right, they were very glad to pass that responsibility to me.  In the
early days of power, the traders once again were signing confirms.  Obviously
interested in the details of every deal that was done.  But as the business
grew, that too changed.  --Sally

	Barry Pearce @ ENRON COMMUNICATIONS
	11/17/2000 07:53 PM

To: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT
cc:
Subject: Confirms

Sally/Brent

Quick question - your confirms - are they signed by both Commercial & Comm
Supp (as Attorney at Fact) - or by just one or the other?

I want to make sure EBS is consistent.

Currently - one of either Jim F or Paul R are signing all of them - rightly
so at the moement - not many deals and they want to see all.

Thoughts?

B.


Thank you, see you this evening.
Dennis Loughridge

>From: Vince.J.Kaminski@enron.com
>To: <loughrid@rice.edu>
>Subject: Re: Rice Course
>Date: Wed, 28 Feb 2001 17:36:59 -0600
>
>
>Dennis,
>
>No problem.
>
>Vince
>
>
>
>
>
>"Dennis W. Loughridge" <loughrid@hydrant.ruf.rice.edu> on 02/28/2001
>04:24:35 PM
>
>Please respond to <loughrid@rice.edu>
>
>To:   <Vince.J.Kaminski@enron.com>
>cc:
>Subject:  Rice Course
>
>
>Vince
>I am an adjunct professor at Rice, working with Wil Uecker in Executive
>Education.  With your concurence, I would like to sit in your Energy
>Derivatives course. I understand from Wil that there are 38 students
>registered for the course.  If you consent, would you let me know what
>material I need.
>Thank you,
>Dennis W. Loughridge
>713-348-2812
>
>
>
>
>
>
>
>

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Intuit QuickBase

*One-time offer valid only through November 9, 2001.

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Notes:

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This e-mail notice was sent to inform you of a critical matter. Please note that your Intuit e-mail preferences pertain only to offers of a promotional nature. You will continue to receive critical notifications that could affect your service.

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This is for physical gas for a monthly call at the money.
The Balloon Fest schedule is Oct 10th (Wednesday evening)
through noon Friday (Oct. 12th).
Thanks,
Art
-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com ]
Sent: Tuesday, October 02, 2001 11:45 AM
To: AAVALOS@pnm.com
Subject: RE: 3rd Quarter of 2002 & year 2002
Art,
We can price this up for you but I have a couple of questions -
1)  Is this physical or financial
2)  Is is a daily call or monthly call
3)  Would you like this priced at the money or $.50, $1.00 or more out of
the money?  I other words, what do you want your cap to be?
Thanks,
Kim
ps  What is the schedule for the baloon fest the 10th - 12th?  I'm trying
to work around some meetings etc.
 -----Original Message-----
From:     "Avalos, Art" <AAVALOS@pnm.com>@ENRON
          [mailto:IMCEANOTES-+22Avalos+2C+20Art+22+20+3CAAVALOS+40pnm+2Ecom+3E+40ENRON@ENRON.com ]
Sent:     Tuesday, October 02, 2001 12:09 PM
To:       Ward, Kim S (Houston)
Subject:  3rd Quarter of 2002 & year 2002
Kim, just for planning purposes, what would it cost to have a call option
for year 2002 and for 3rd quarter of 2002 for 5,000 mmBtu's per day
from the San Juan basin?
Thanks
Art Avalos
**********************************************************************
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.
**********************************************************************


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please go here to view the various new years eve events listings

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GOOD MORNING,

I ask that you please attend one of these scheduled Safety Meetings.

The video is meant to be an emotional reminder to all of us on the importance
of safety, and the critical nature of 100% of our employees supporting our
safety program 100% of the time.  This would mean everyone in the Omaha
office, as well as those in the field.

Safety is something that none of us can take for granted.  The 'Testament to
Safety' video will certainly be a reminder of that fact.

Again, I urge you to put it on your calendar.

Mike Nelson

---------------------- Forwarded by Michel Nelson/ET&S/Enron on 12/04/2000
08:47 PM ---------------------------

D J Smith
12/04/2000 03:12 PM
To: Omaha Office - All Employees
cc: Dan Maschka/ET&S/Enron@ENRON

Subject: "TESTAMENT TO SAFETY" PROGRAM

The "Testament to Safety" video was developed to make us all realize that we
work in a potentially dangerous environment each and every day.  The video is
very personal, emotional and poignant.  You will hear from three Enron
employees who experienced life altering injuries.  The program will last
about 45 minutes and will be presented in Room #149 at the following times:

   Thursday, December 7   Friday, December 8
      9 a.m.       9 a.m.
    10 a.m.     10 a.m.
      2 p.m.       2 p.m.
      3 p.m.       3 p.m.

Please attend the session that is the most convenient for you.  Other
sessions will be scheduled and presented until every employee has had the
opportunity to see this video.

A memorial poster has been placed next to your signed "Declaration of
Inter-Dependence" in each floor's kitchen area.

SAFETY IN EVERY DECISION
BELIEVED
PRACTICED
PROMOTED
UNCOMPROMISED

"Make the Safety Connection"


Can you set up a meeting?
---------------------- Forwarded by Eric Bass/HOU/ECT on 03/03/2000 07:26 AM
---------------------------

Sean.Kiehne@enron.com on 03/02/2000 06:36:33 PM
To: David.Oliver@ENRON.COM, William.Kelly@ENRON.COM,
Jeffrey.C.Gossett@ENRON.COM, Eric.Bass@ENRON.COM
cc: Brenda.F.Herod@ENRON.COM, Brent.A.Price@ENRON.COM,
Sharon.Roest@enron.com, Jennifer.Stevenson@enron.com
Subject: February Earnings

We would like to meet with each regional desk to discuss February gas
earnings.  Please email or call me to set up a time.

Thank you,

Sharon Roest
5-7346


---------------------- Forwarded by Kay Mann/Corp/Enron on 01/10/2001 03:21
PM ---------------------------

	From:  Larry Izzo                           01/10/2001 03:09 PM

Sent by: Enron Announcements
To: All Enron Worldwide
cc:

Subject: RETIREMENT

It is with mixed emotions that I announce my plans to retire from Enron
effective 1 February 2001.  On the one hand, I will look forward to the
adventures that retirement offers; but on the other, I will miss working with
those of you whom I have come to know over the years.  I thoroughly enjoyed
my ten years with Enron, and it has been a privilege to lead EECC.  I wish
all of you and Enron the very best and continued success.


-----Original Message-----
From: 	Peter Melera <pmelera@calpine.com>@ENRON [mailto:IMCEANOTES-Peter+20Melera+20+3Cpmelera+40calpine+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, September 05, 2001 9:34 AM
To:	'dschool@enron.com'; West Real Time Group
Subject:	southpoint

 - Southpoint Gas Model.xls


Enclosed please find my budget modifications.


Return-path: <VKaminski@aol.com>
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Martin, Lance

What do you think?

Vince

>  -----Original Message-----
> From:     "Frank A. Wolak" <wolak@zia.Stanford.EDU>@ENRON
> Sent: Friday, October 19, 2001 4:28 PM
> To:   Kaminski, Vince J
> Subject:
>
> Vince,
>
>   I've been hearing rumors that Enron has decided to endorse
> the nodal pricing model as implemented in PJM.
> I just wanted to warn you that I'm not sure
> this is in Enron's long-term interest at all.  Let me explain
> why.  Feel free to give me a call if you'd like to talk
> more about this.
>
>   First, let me say that I firmly believe in locational pricing
> and specifically pricing congestion.  However, the way that PJM
> implements nodal pricing is to eliminate as much price volatility
> and reduce the transparency of the market.  Specifically, the
> PJM tariff gives the ISO the ability to mitigate to cost plus a
> %10 adder the bids of any market participant that the ISO deems
> is out of merit in one of the three zones in region.  (The fact
> that a nodal market is talking about zones should give you cause for
> alarm.)
> Then the ISO takes this mitigated bid and re-runs its price-setting
> software to compute new nodal prices.  The way I have (somewhat
> unfairly) decribed this price-setting process is that the
> PJM ISO decides what prices it would like
> for a given day and mitigates bids until it gets them.  This is not
> a transparent market, nor one where it makes any sense to buy
> the risk management services that Enron provides.  The
> only price volatility you have to worry about in the PJM market is
> that kind that comes about if they need imports into their control
> area
> to meet demand.  Under these circumstances, you need to pay the
> imports whatever is necessary to get them to come to your market.
>
>   However, bear in mind FERC's desire to make a large RTO on the
> East Coast.  This will effectively mean little imports
> to the East Coast RTO, so all bids can be mitigated at
> the discretion of the ISO.  Paying market-clearing prices to
> cost-of-service
> mitigated bids is just paying too much to eliminate price volatility.
> It effectively kills off the development of risk management at
> the wholesale and retail level.  Power marketing becomes much less
> profitable because retailers know you can always buy at cost-mitigated
> prices.
>
>   In short, the PJM model is not market.  It is just an alternative
> form of regulation that is politically attractive because it reduces
> price volatility, but it is not good for consumers or traders because
> they just
> get a higher cost form of regulation than traditional cost-of-service
> regulation. You pay market-clearing prices to cost-of-service
> mitigated bids, but under regulation you could just pay
> cost-of-service
> prices and eliminate the infra-marginal profits to low cost
> generators.
>
>   As we discussed during our dinner, I think the two biggest sources
> of benefits from re-structuring will come from getting the demand-side
> involved in the market and from more efficient risk management.  A
> necessary condition for both of these to occur is prices that reflect
> actual conditions in the market (including the extent of market power
> exercised).  Masking these signals dulls any incentive for market
> participants to make the investment necessary to management.  The PJM
> model is just way to have a market in name without achieving any
> significant benefits to consumers or energy traders.
>
> Frank

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


Osman,

Vasant is setting up a meeting to review the credit
models with EES. Please, call-in or
attend when the meeting is set.

Vince

Osman Sezgen@EES
01/15/2001 02:49 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: I will miss the Tuesday Staff Meeting

Vince,

I will not be able to attend the meeting. Here are some updates:

1) I left a message to George Posey, I will follow up tomorrow (Tuesday),
2) I will follow up on the Credit Reserve issue ASAP, I will find out what the
present state of the models are and come up with modification requirements
to accomodate asset related projects.
3) This week I will need to spend much of my time in meeting with the
breakthrough
folks. They are at a stage where
our contribution is being defined and specifies ( curves, components, etc.).
If you
would like to contact me urgently, please leave a phone message instead of
e-mail--
I will be checking my phone messages more frequently.
4) We have a VAR meeting with RAC on EAM issues Wednesday at 1pm.
5) Other issues are covered in my project list.

Regards,
Osman


Could I suggest that we arrange a meeting with a single representative from each function: credit, commercial, legal, tax, and EOL?

Credit has planned a quick meeting to establish our position/proposal.

Rod

 -----Original Message-----
From: 	Juggins, Janine
Sent:	28 September 2001 16:06
To:	White, Bill; Boyd, Justin; Dyk, Russell; Shackleton, Sara; Shankman, Jeffrey A.
Cc:	Abramo, Caroline; Zivic, Robyn; Diamond, Daniel; Radous, Paul; Lebrocq, Wendi; Sharma, Shifali; Nelson, Roderick
Subject:	RE: Trades as ENA

Are multiparty ISDAs a real option ? This seems like the simplest solution.

If not, I think we are back to the alternatives mentioned below.

With respect to the spread products I believe there are no spread books as such, each risk is laid off to the respective books. In this case, a good rule of thumb would be to have the spread product offered by ENA (thus it is ENA who contracts with the hedge fund) and then ENA lays off the relevant risk (in the WTI/Brent example ENA lays off Brent to ECTRIC). The only issue I see with this is offering the product when ENA is closed, as traders in London cannot act on behalf of ENA (or alternatively traders in Houston could work extended hours ?).

Russell, do the hedge funds operate only out of New York, or would they operate out of London or other European offices also ? I am just wondering how much of an issue the trading hours would be.

To clarify, using ENA as the contracting party for all global liquids products would risk exposing ENA to a UK tax presence (assuming that traders continue to be based in London). Since a significant proportion of Enron's total income is earned by ENA this would be an unacceptable risk (any UK tax paid cannot offset the US tax liability because of certain limitations that apply to Enron - thus most of the UK tax paid represents an additional cost).

Regards
Janine

 -----Original Message-----
From: 	White, Bill
Sent:	28 September 2001 13:22
To:	Boyd, Justin; Dyk, Russell; Shackleton, Sara; Shankman, Jeffrey A.
Cc:	Abramo, Caroline; Zivic, Robyn; Diamond, Daniel; Radous, Paul; Lebrocq, Wendi; Sharma, Shifali; Juggins, Janine; Nelson, Roderick
Subject:	RE: Trades as ENA

Justin,

Your solution appears to respond specifically to EOL related legal/credit issues.  However, isn't this only the tip of the iceberg?  What about non-EOL OTC trades conducted by ECTRIC traders with counterparties that want ENA as their counterparty.  From my time in London, it was always impressed upon me that there was a quagmire of additional tax and potential regulatory (SFA) issues.

Please comment.

Also, as a commercially efficient course of action, It has always seemed to me that we should attempt to "train" our couterparties to accept that ECTRIC is also a Enron Corp guaranteed sub (at least it was in the past, at their request) and somehow initially set up our contracts/ISDA to be inclusive of this vehicle.  Is this possible?  Otherwise, the permutations of various legal/credit/tax/regulatory hurdles for all manner of OTC trades becomes onerous.

Bill--

 -----Original Message-----
From: 	Boyd, Justin
Sent:	28 September 2001 05:43
To:	Dyk, Russell; Shackleton, Sara; White, Bill; Shankman, Jeffrey A.
Cc:	Abramo, Caroline; Zivic, Robyn; Diamond, Daniel; Radous, Paul; Lebrocq, Wendi; Sharma, Shifali; Juggins, Janine; Nelson, Roderick
Subject:	RE: Trades as ENA

Russell

My view would be to follow the novation route, i.e.

1.	C/P trades via EOL with ECTRIC
2.	Each trade is novated from ECTRIC to ENA, and treated as concluded under ENA ISDA Master
3.	ENA enters into back-to-back trade with ECTRIC

This does mean that the C/P must initially accept the European EOL GTCs, though if we set up a mechanism whereby EOL trades are automatically novated to ENA and treated as concluded under the ENA ISDA Master, this effectively cancels out the EOL GTCs.

Justin

 -----Original Message-----
From: 	Dyk, Russell
Sent:	27 September 2001 23:38
To:	Shackleton, Sara; Boyd, Justin; White, Bill; Shankman, Jeffrey A.
Cc:	Abramo, Caroline; Zivic, Robyn; Diamond, Daniel; Radous, Paul; Lebrocq, Wendi; Sharma, Shifali
Subject:	FW: Trades as ENA

Everyone -

Our hedge fund group needs clarification on the issue of doing Brent and other European product deals w/ our hedge fund counterparties and booking them back to ENA, the entity with which all the funds have ISDAs. We just did two WTI/Brent crude oil spreads today, one w/ very large volume, and expect to be doing more such deals.

This is more than just a legal issue; it's going to impact credit and our strategy to get the funds trading on EOL as well.

As we understand it, the main legal issue is that all the funds have an ISDA only w/ ENA and not w/ ECTRIC, so they (and I assume we) want all deals and legal exposure to be w/ ENA. To satisfy both parties' desires, all European product deals must be booked from ECTRIC to ENA. Sara, from speaking to you and from Justin's response below, it seems to me that the only legal hurdle we, the funds, and our traders might face is if no trader w/ ENA in Houston okays w/ the counterparty on ENA's behalf. However, there seem to be 2 other solutions (a netting agreement and novating) that get around this. As Sara knows, dealing on legal agreements w/ the funds can be onerous and time-consuming; negotiating more paperwork is not a viable option.

From the credit side, as we understand it, the issue w/ not back-to-backing the trades w/ ENA is that the credit exposure will not be aggregated to the funds' net position in Houston and, therefore, not monitored. In other words, any exposure not sitting w/ ENA will be invisible to credit. so daily margining, etc. will  be incorrect.

From the EnronOnline side, as we see it there are a couple of issues. EOL wants the funds to trade online; an increasing number of funds also want to trade online. However, they do not want to be restricted to trading products that are only US based. Also, they would like to see more arb spread products like a WTI/Brent crude oil spread online. If neither desire can be easily met b/c we need a separate ISDA w/ ECTRIC (which potentially means, as above, more onerous and time-consuming negotiation), then it will certainly be detrimental for volume and also foresake a certain momentum that we are gaining now.

The point has been raised that the funds could trade European products if credit in London cleared them and if they were willing then to accept the general terms and conditions that pop up on EOL. We can assure you that they will not accept this.

These are the issues as we see them from the origination side. There may be other issues that we're missing from the sides that I've mentioned as well as the trading/back office side.
Regards,
Russ

 -----Original Message-----
From: 	White, Bill
Sent:	Thursday, September 27, 2001 3:32 PM
To:	Dyk, Russell
Subject:	FW: Trades as ENA

 -----Original Message-----
From: 	Sharma, Shifali
Sent:	26 July 2001 08:21
To:	White, Bill
Subject:	FW: Trades as ENA

This is what we have heard from Legal and Tax so far.  We're trying to get a list of couterparties that currently will not trade with ECTRIC and only with ENA.

 -----Original Message-----
From: 	Boyd, Justin
Sent:	Thursday, July 26, 2001 2:10 AM
To:	Juggins, Janine; Beyhum, Maya
Cc:	Sharma, Shifali; Klar, Guenther; Sexton, Camille; Watt, Julie; Marsh, Jonathan
Subject:	RE: Trades as ENA

i agree - assuming you follow janine's approach, then no adverse UK regulatory issues will ensue

justin
 -----Original Message-----
From: 	Juggins, Janine
Sent:	25 July 2001 19:29
To:	Beyhum, Maya; Boyd, Justin
Cc:	Sharma, Shifali; Klar, Guenther; Sexton, Camille; Watt, Julie
Subject:	RE: Trades as ENA

I assume that these are financial transactions. The current approach is the right one in the circumstances - i.e trade between ECTRIC and ENA, trade between ENA and third party (eg Bank of America). It is important that the trader agreeing to the deal with the third party in the name of ENA is located in Houston (they cannot agree deals in the name of ENA when located in London).  The pricing should be such that ENA is compensated for taking the credit risk with respect to the third party but otherwise all the economics should be with ECTRIC.

To avoid booking the back to back trades, a possibility would be an agreement on netting to be entered into by ECTRIC, ENA and Bank of America if all parties can get comfortable with the legal position.

Another alternative sometimes put forward is that ECTRIC does the deal with Bank of America, the contract is then novated from ECTRIC to ENA, and ENA enters into a back to back swap on the same financial terms with ECTRIC.

Note that we are currently working on a project to enter into financials through EFET LLC (arranged by EEFT) instead of ECTRIC (effective 1 November).

Regards
Janine

 -----Original Message-----
From: 	Beyhum, Maya
Sent:	25 July 2001 14:13
To:	Juggins, Janine; Boyd, Justin
Cc:	Sharma, Shifali
Subject:	Trades as ENA

Hi

I am currently working in the London Risk group for Global Markets.

At the moment we have a number of counterparties who do not want to transact with ECTRIC but would like to do deals only with ENA (e.g. Bank of America). As a result, if a London trader wants to carry out a trade with Bank of America, he will do an internal trade with a trader in Houston and then book a trade between the Houston trader (who trades under ENA) and Bank Of America. The trades are then confirmed from the Houston office.

We were wondering about a couple of things:

Are there any tax/legal implications we should be aware of as a result of booking the trades as we do
Is there a way to approach these counterparties to get them to trade with ECTRIC (as this currently creates a lot of paperwork and administration)?

Thanks for your help
Maya


Ken:  could you call me at 415.782.7822 re: Loretta's talk tomorrow (I'll be
in Sacramento).  Thanks, Jeff

	"Ken Smith" <ken@kdscommunications.com>
	02/27/2001 06:58 PM
	Please respond to "Ken Smith"

		 To: <Sandra.McCubbin@enron.com>, <bhansen@lhom.com>, "Hedy Govenar"
<hgovenar@govadv.com>, <Leslie.Lawner@enron.com>, <Lysa.Akin@enron.com>,
<Cindy.Derecskey@enron.com>, <Joseph.Alamo@enron.com>, <hgovenor@govadv.com>,
<Jeff.Dasovich@enron.com>, <Susan.J.Mara@enron.com>,
<Paul.Kaufman@enron.com>, <John.Neslage@enron.com>,
<Harry.Kingerski@enron.com>, <James.D.Steffes@enron.com>,
<Karen.Denne@enron.com>, <Mark.Palmer@enron.com>,
<Richard.Shapiro@enron.com>, <Linda.Robertson@enron.com>,
<Lora.Sullivan@enron.com>, <Janel.Guerrero@enron.com>
		 cc:
		 Subject: Re: Agenda for 1:30 call on Wednesday

I will be unable to be on the conference call tomorrow... I'm at the Loretta
Lynch lunch.

I may try to call in on my cell for part of the conversation.  Is the number
and code the same for each call?

I'll report back on what she says in her appearance before the Press Club.
----- Original Message -----
From: <Janel.Guerrero@enron.com>
To: <Lora.Sullivan@enron.com>; <Linda.Robertson@enron.com>;
<Richard.Shapiro@enron.com>; <Mark.Palmer@enron.com>;
<Karen.Denne@enron.com>; <James.D.Steffes@enron.com>;
<Harry.Kingerski@enron.com>; <John.Neslage@enron.com>;
<ken@kdscommunications.com>; <Paul.Kaufman@enron.com>;
<Susan.J.Mara@enron.com>; <Jeff.Dasovich@enron.com>;
<Sandra.McCubbin@enron.com>; <bhansen@lhom.com>; <hgovenor@govadv.com>;
<Joseph.Alamo@enron.com>; <Cindy.Derecskey@enron.com>;
<Lysa.Akin@enron.com>; <Leslie.Lawner@enron.com>
Sent: Tuesday, February 27, 2001 4:48 PM
Subject: Agenda for 1:30 call on Wednesday

> (See attached file: War room agenda 2-28-01.doc)


Can you please change the name of the corporation from "Inc." to
"Incorporated".  Thanks.
----- Forwarded by Tana Jones/HOU/ECT on 03/06/2001 11:29 AM -----

	Tana Jones
	03/06/2001 11:23 AM

		 To: Walter Guidroz/ENRON@enronXgate@ENRON
		 cc:
		 Subject: RE: Energy West Inc.

I'm with you on Montana.  I checked the files in the big file room, and it is
a Montana corporation.

	Walter Guidroz/ENRON@enronXgate
	03/06/2001 11:19 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: RE: Energy West Inc.

It should read Energy West Incorporated, but our info shows that they are
headquartered and incorporated in Montana.  Please let me know if this
differs from your perspective; thanks.

WG

 -----Original Message-----
From:  Jones, Tana
Sent: Tuesday, March 06, 2001 10:50 AM
To: Guidroz, Walter; Moran, Tom
Subject: Energy West Inc.

We have a master swap agreement in place with Energy West Incorporated, a
CANADA corporation.  Your list shows "Inc." instead of "Incorporated", and
that it is a US corporation.  Is this the same counterparty?


Barry,  Attached is a draft of the Payment One statement.  This one is set up
for the wire transfer, so slight mods would be required for a payment by
check.  Please review and lets discuss.


Team,

We have an incoming guaranty from Formosa Plastics Corporation, USA, covering
its subsidiary, Neumin Production Company, for $15MM.  We would like to amend
this amount to an unlimited amount.  Unfortunately, miscommunication between
Fred's group and mine has led to a situation where the counterparty is
expecting this tomorrow.  Is it possible to get this drafted today,
signed-off by one of our attorneys and sent to the CP?  If not, I will need
to get with Fred (which I would rather avoid) and then probably the CP.

Sorry for the rush, and if it can't be done today, I understand.  Either way,
please coordinate with me on whether or not it is going out.

Thanks again,

John


Steve, here is the electronic version of the NNG proposal.

Kim.
-----Original Message-----
From: Jo.Williams@dynegy.com [mailto:Jo.Williams@dynegy.com]
Sent: Friday, February 22, 2002 1:51 PM
To: Watson, Kimberly
Subject: Transport Proposal for TW on NNG

-----Forwarded by Jo Williams/NNG/Dynegy on 02/22/2002 01:51PM -----

To: steve.harris@enron.com, kim.watson@enron.com
From: Jo Williams/NNG/Dynegy
Date: 02/22/2002 01:46PM
cc: Vernon Mercaldo/NNG/Dynegy, John Pritchard/NNG/Dynegy
Subject: Transport Proposal for TW on NNG

Please see attached proposal per our discussion regarding transportation on NNG.  Please call to discuss when you have a few minutes.  I intend to be in Houston next Wednesday, if you would like to discuss in person.  Let me know if you have a few minutes and I will try and meet up with you.


Successes are good to share.
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
04/20/2000 12:53 AM ---------------------------

Jane Wilson
04/20/2000 12:46 AM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Neil McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Abha
Kaul/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sisir K
Podder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Hans
Owens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shubh
Shrivastava/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajendra
Kagwade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lena
Kasbekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lara Leibman@EES

Subject: MERC:Merit Order Dispatch

This memorandum is marked confidential because Mr. Subramanyam requested that
this information be kept confidential.

In a meeting today after discussing an internal memorandum that was delivered
to Mr. S. for his information, I was told that MERC does not plan to
interfere in any way with the operation of merit order dispatch.  It will
merely espouse economic dispatch in theory but defer to the operational
expertise of MSEB.  Since MSEB avers in an Affidavit that it is already
dispatching based on economic order, nothing will change due to interference
by the regulator.  This ruling will obviously be in Dabhol's best interest.
The recommendation has been dictated by MERC and, as he says, "We will not
interfere with Dabhol."


The enclosed research report is being sent to you from PaineWebber by:

 Emery Financial Group

 713-957-7019

 rocky.emery@PaineWebber.COM

Please contact them if you have any questions or would like to discuss this
material.

The information contained in the attached research report is believed to be
reliable, but its accuracy is not guaranteed.  PaineWebber Incorporated
and/or Mitchell Hutchins Asset Management Inc., affiliated companies and/or
their officers, directors, employees or stockholders may at times have a
position, including an arbitrage position, in the securities described herein
and may sell or buy them to or from customers.  These companies may from time
to time act as a consultant to a company being reported upon.

You will need the Adobe Acrobat Reader to view this document.  If you don't
already have it just click on this link,
http://www.adobe.com/prodindex/acrobat/readstep.html, and follow the
on-screen instructions.  The Acrobat Reader is free of charge.

 - P004484220001201D01.pdf


Shelley, I would like your opinion on a statement we are considering
	putting into a letter to Alliant to address some issues they have.
	See what you think of this paragraph.  I am trying to think of another
	word other than "retroactively" (that word bothers me).  They are trying
	to get this letter out this week.  Thanks for your help.  Lynn

 -----Original Message-----
From: 	Sebesta, Chris
Sent:	Tuesday, January 15, 2002 11:30 AM
To:	Blair, Lynn
Subject:	Alliant Retro Schedule Language

In our meeting, it was suggested to delete the phrase where Northern "would only consider a change which includes but is not limited to ..." and rewrote as follows:

Alliant requested Northern be more flexible and, if requested, consider from time to time to make retroactive scheduling changes.  Northern's practice is to NOT retroactively schedule quantities.  At any time a shipper has requested a review of scheduled quantities, Northern will review the situation on non-discriminatory, case-by-case basis.  If a situation arises, Alliant should call Lynn Blair at 713-853-7637.

Let me know if this is okay or if you have comments.  Thanks!

Chris Sebesta
Northern Natural Gas
Office:  402-398-7064
Fax:      402-398-7413
chris.sebesta@enron.com


Electric Business Understanding - May 2, 2001

EB552 - 8:00 am - 5:00 pm          Cost:  $600.00

The Electric Business Understanding Seminar will give a basic overview of the
electric business for those with limited knowledge of this industry. This
seminar is recommended for entry level to mid-level employees in either the
gas or electric business or in businesses providing services to these
industries. This course will provide you with a general understanding of how
the electric business operates, who the key industry participants are, the
strategies they employ to be successful, and how the business is likely to
evolve.
Please click here for registration
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please call 713 853-0357.


Happy New Year !
 - marks.xls


Dude---- I will be in London in late July. How far is it to Poland?


you want to be on call at 5PM CDT w/Sanders and Kirby?  Best, Jeff


FYI

Ginger Dernehl
Government Affairs-The Americas
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 10/02/2000 01:30 PM -----

	Kirsten Bellas@EES
	09/29/2000 08:51 AM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Tom Hoatson's Cell Phone

Tom Hoatson has a new cell phone number now.  He asked that you let the group
know.
#973-951-1770

Also, as you can see I finally have email now.  If you could replace Sharon
Eley's email address with mine that would be appreciated.  Everything else is
the same; location, phone number, extension, etc.  Again, I am the new Admin
Asst. directly reporting to Frank Rishe but also taking care of Tom Hoatson
and Dan Staines.  Thank you!

-Kirsten


i'm in


NEAL, SCOTT M,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
CHAVEZ, ALEJANDRA
KEISER, KAM


I think it would be a good idea to have the files copied.

Kay

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Thursday, December 13, 2001 12:42 PM
To:	Mann, Kay
Subject:	RE: Haywood

I have my files (that I borrowed from Carlos' office the other day) here with me.  For what it is worth, I review Ben's letter and changed it to comport with the requirements of the agreement.  Would it be easier for me to send you copies or do you need both binders?

 -----Original Message-----
From: 	Mann, Kay
Sent:	Thursday, December 13, 2001 12:32 PM
To:	Zisman, Stuart
Subject:	Haywood

Do you have the Haywood file that was in Carlos' office?  I need it or a copy of it.

Thanks,

Kay


sorry - didn't look "right" to me - - which is why I questioned it.

From: Jeff Dasovich on 07/12/2001 07:19 PM CDT
Sent by: Jeff Dasovich
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject:

Thank you SO much.  This is it.  Really appreciate it.


Based upon where we stand today in the final implementation of EOL Argentina
we have agreed upon a formal launch date of October 4th. Please be aware that
from here in all deadlines and assigned responsibilities must be met. If
there are any developing issues or potential conflict with the launch date I
wish to be made aware directly.

On the afternoon of October 4th we will host a formal energy industry kick
off event in Buenos Aires to establish our initial market momentum.

Thank you for everyone's assistance and co-operation.

MFG


Hi Judith!

I  have a special parking ticket for Malcolm and Gil to use in Dr. Gillis's
car.  Then, I'll have a car pick up Gil when he's ready to leave the
game--we'll take care of everything (thanks for offering)--we're really
looking forward to the event!

Best regards for a great weekend!

--Christie.
---------------------- Forwarded by Christie Patrick/HOU/ECT on 05/04/2001
04:10 PM ---------------------------

Judith Duvall <jduvall@rice.edu> on 05/04/2001 02:09:26 PM
To: Christie.Patrick@enron.com
cc:

Subject: Re: Rice ALP Final Presentation and Post presentation  Celebration
at Enron Box at Enron Field

Christie:

Could you please fill me in on the logistics?  Dr. Gillis and Gil Whitaker
will
be at the APL project presentation at Enron at 4 p.m..  Further, they both
plan
to attend the dinner at Enron Field.  However, Dr. Gillis must skip the
game due
to an early morning breakfast the next day.  Will you provide special parking
at the dinner/game?  I think Dr. G and Gil will go together, then I will have
Dr. Gillis picked up by limo, at approximately 8:00 p.m.  Does this sound
feasible?

Judith DuVall

At 10:00 AM 5/4/01 -0500, you wrote:
>Hi Friends!
>
>The big Rice-ALP final presentation day is almost here:  MONDAY, May 7th,
>4pm,    at Enron, 1400 Smith.  Please come to the Enron Lobby and ask for
>me or my assistant, Melinda McCarty.
>
>After the presentation, you are cordially invited to dinner and an Astro's
>game (vs Phillies)  at the Enron Box at Enron Field.  As participation in
>the Enron Box at Enron Field is limited to this special invitation list
>only, please confirm your attendance via return eMail, or via voice mail to
>me at 713-853-6117 ASAP.
>
>We're very excited about the work the Rice ALP team has done and we're all
>greatly looking forward to the presentation.
>
>Hope to see everyone Monday!!
>
>Best regards!
>
>--Christie.
>
>
>

****************************************************************************
Judith DuVall
Secretary to the President
Rice University
6100 Main Street--MS1
Houston, TX  77005

713/348-4601
713/348-5271 (fax)


We are not done.  On Friday when we were prepared to sign, Black Hills Energy Capital said they needed until today to get a signature from their parent, Black Hills Corp.  At noon today they said that the signature was on its way.  At 4:00PM we heard that they will issue a L/C instead of the Corp guarantee.  The L/C approach is fine, but I am concerned with this flaky behavior.

Our plan is to sign the purchase and sale with Black Hills Energy Capital tonight/tomorrow morning.  They would have the obligation to deliver either a gurantee or an L/C for $15MM by Thursday.  If not, we can terminate at any time prior to close of business Monday.  I will update when something changes.

Chris Calger
503-464-3735


Kim-
Here is the August spreadsheet.  These are the changes I've made so far:

I changed the formula in column R
I added in the new contracts for August

The differences between my model and the invoice are the way that they calculate the actual gas flow to Malin (column L on mine and column Z on theirs);

It also appears that they do not include the Redwood credit.

Looking at my model now, I also don't remember what the calculation in column D is for.  It seems kind of unnecessary to me and doesn't make much sense.

I know this is a lot of stuff to look at.  If you don't understand what I just wrote, ask me and I'll explain what I'm trying to say.
Thanks,
Mara


On 7/29/00 the compressor went down for HPL deliveries into Eastrans.  3486
MMbtu was delivered on 7/29/00.  Redeliveries for the 29th will be 3486 into
HPL
from FCV.  The differential of 7800 MMBtu - 3486 MMBtu = 4314 MMBtu will be a
sale into HPL.

On July 30th, 31st and August 1st there is 0 gas flow.  7800 MMBtu per day
will
be sold into HPL.


Please see the attached document regarding the call to Gov. Davis


Why are we at the 110% and not something less?   When is the 30 day period over?

Susan

 -----Original Message-----
From: 	Wukasch, Jeanne
Sent:	Tuesday, November 20, 2001 10:06 AM
To:	Pereira, Susan W.
Cc:	Erwin, Stephanie
Subject:	TGT cashout language

Susan - Here is the section of the tariff that is currently available on the TGT website that applies to our situation for October:

Customers using in-kind replacement for imbalance resolution have thirty (30) days from date of notification by Transporter to nominate and resolve their imbalances. Imbalances not resolved within this thirty (30) day period are subject to cash-out at the 5% to 10% Net Imbalance Percentage for determining the Cash-Out Index Price. The cash-out index price to be used for cash-out shall be the greater of the month in which the imbalance occurred or the month in which the imbalance is cashed out. If Customer makes a good faith effort throughout the 30 days provided for in-kind replacement of imbalance volumes, but is unable to fulfill its in-kind make-up obligations solely as a result of Texas Gas's inability to take or deliver such make-up gas, then Texas Gas will cash- out Customer's imbalance at 100% monthly average index.

Thus for October production, since we are short gas,  the gas price would be 110% of the highest price  for October or for November.

I am going to get with Suzanne Calcagno to find out the status of the TGT tariff filings and if it is still going to be effective retro  to  October.

Jeanne Wukasch
ext.  58495


FYI....Can you make sure this gets done?
 -----Original Message-----
From: 	Gossett, Jeffrey C.
Sent:	Friday, January 25, 2002 1:02 PM
To:	Giron, Darron C.; Love, Phillip M.
Subject:	FW: Additional Terminations  - spreadsheet
Importance:	High

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Friday, January 25, 2002 12:54 PM
To:	Sweeney, Kevin; Gossett, Jeffrey C.
Cc:	Theriot, Kim S.; Balfour-Flanagan, Cyndie
Subject:	Additional Terminations  - spreadsheet
Importance:	High

Attached is a spreadsheet representing additional Counterparties who have terminated their relationship with ENA.  There aren't enough deals to involve IT, so can you please have your Risk groups move the attached deals to the Bankruptcy books.

(There is a tab for Nat Gas and one for EIM (Paper))

Thanks,
Diane
3.0443


Dear Energy Professional:

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e-mail, info@platts.com.

Meanwhile, we hope you enjoy your free two-week trial to Platts Energy Trader.

Sincerely,

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Platts Marketing Director

P.S.-Want to subscribe now? Call 877-286-8897 or 212-904-2004. The annual
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(plus applicable sales tax, Canadian GST or VAT).

If you need to download Acrobat Reader to read this file, go to www.adobe.com.
To decline free trial of Platts Energy Trader, hit reply and type "stop trial.

 - et032201.pdf


Sent to Don Black

---------------------- Forwarded by George Hopley/HOU/ECT on 04/12/2000 02:20
PM ---------------------------

George Hopley
04/12/2000 02:04 PM
To: Donald M- ECT Origination Black/HOU/ECT@ECT
cc:
Subject: Re: Wholesale market info

Attached are the requested data.  Please note each in different formats:

1) Sales for resale can be obtained from this file:

. These are found at the following EIA/DOE website

http://www.eia.doe.gov/cneaf/electricity/epav2/html_tables/epav2t37p1.html

2) Power Marketer and New Capacity rankings:

.  These are compiled from Megawatt daily and PIRA consulting group

3) Reserve Margins

4)  Price Volatility and reserve margins

This is presented in Power Point

5) TLR's

Here is a file that details TLR's over time:

Call me with any questions.

George

	From:  Donald M- ECT Origination Black                           04/10/2000
03:55 PM

To: George Hopley/HOU/ECT@ect
cc: Benjamin Rogers/HOU/ECT@ECT
Subject: Wholesale market info

George,

As I mentioned, I may have to give a presentation Thursday to some Japanese
utilities re. the North American power market.  I was hoping your group could
help me with some generic market background information.

Wholesale volumes (sale for resale) by quarter, by NERC region since 1995 if
possible.
Power marketer rankings, national volumes 1995 - 1999.
New plant (MW) coming on line by NERC region by year ... 1995 - 2005.
Load and reserve margins, 1995 - 2005 by NERC region.
Measures of wholesale power price volitility by region since 1995 ...
possibly overlayed on reserve margins.
Do we track instances of line loading relief by region?

Any help on the above would be greatly appreciated.

regards,

Don


Wes, please have the detailed HPL numbers available to discuss on Monday.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/19/2000
09:34 PM ---------------------------

Brian Redmond
07/19/2000 03:02 PM
To: David W Delainey/HOU/ECT@ECT
cc: Jean Mrha/NA/Enron@Enron, Julie A Gomez/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Patrick Wade/HOU/ECT@ECT, Timothy J
Detmering/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Michael C Bilberry/HOU/ECT@ECT, Jim
Coffey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Todd Busby/NA/Enron@Enron
Subject: Re: Project Triple Lutz/Tarantula

Team:

I have scheduled a meeting for 2 August to review our Triple Lutz and
Tarantula deliverables.  A preliminary summary of our current status is as
follows:

1.  Entex Contract - (John L.)
 -  T. Martin cost to unwind Texas desk P/L (incl. Entex) = $134.881MM
 - J. Schwieger cost to unwind storage book = $28MM

2.  Storage Value Algorithm - (Jean M., John L., Jim S.)
 - J. Mrha discussions with J. Schwieger and J. Lavo continuing
 - Working on reconciling EOY balancing and modeling physical storage
constraints

3.  Storage Acquisition Targets - (Jean M., Julie G.)
 - Target list prepared, preparing facility costs analysis.

4.  Bammel Header - (Jean M.)
 - Analyzing Northern Texas and Beaumont Markets

5.  Project Torque: (Wes C., J. Coffey)
 -  P/L established based on physical gas flow from POPS system and $ flows
  from general ledger.  No direct tie to UNIFY settlements information
  but now numbers are reconcilable
 -  1999 Margin Summary
  Gross Margin = $111MM (not including financial trading),
  Net Margin = $101MM
  EBITDA (HPL standalone before G&A) = $48MM
  EBITDA (HPL standalone) = $35MM
 -  Book Value Summary
  Non-Houston BV of  $398MM (incl. $129MM monetizations)
  Houston BV (incl. FV) = $2.3 bn  + Texas & Storage P/L unwind of $163MM
   requires a lease payment for Houston assets
   of $19MM over 30 yrs
  Pad gas BV = $153MM  (on basis of $2.34/mmBtu) not included in above
  Working gas BV = $116MM (on basis of $2.34/mmBtu) not included in above

6.  HPL Acquisition (T. Detmerming):
 -  Base Case Structure:  sale of non-Fair Value assets, 30 yr. lease of FV
assets
  Both bidders want ENA to provide/contribute trading and business operations
  services.
 -  Duke Field Services:  interested in base case structure, wants ENA to
provide
  trading services on a contract basis under a JV arrangement (Bridgeline)
 -  AEP:  interested in base case structure, wants ENA to sell trading desk
(and
  potentially provide business operation services under a service
arrangement)
 -  Info memo being prepared to be delivered in August, data room being
formed.

David W Delainey
07/05/2000 12:33 PM
To: Jean Mrha/NA/Enron@Enron, Julie A Gomez/HOU/ECT@ECT, Brian
Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT,
Patrick Wade/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT@ECT, Jeff
Donahue/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc: Mark Frevert/NA/Enron@Enron
Subject: Project Triple Lutz/Tarantula

Guys, as a follow up to our meeting today, I thought I would put together a
list of deliverables agreed to in the meeting.  The goal would be to have a
definitive strategy for HPL and storage assets by the end of July that could
be acted upon.

 a) Elimination of the Entex contract - current value - John L.;
 b) Storage value algorithm incorporating spread values, increasing intra-day
and monthly volatility and blowdown values - Jean M, John L, Jim S.;
 c) Storage acquisition targets and issues surrounding value/execution - top
5 to 10 for blowdown and tarantula strategy - Jean M, Julie G.;
 d) Structure, value, cost and issues surrounding Bammel "header" - Jean M.;
 e) Project Torque - definitive balance sheet, income statement and
contribution margin statement for HPL - Wes C.;
 f) Establish viability of selling HPL assets - small private placement -
working with Lehman to finalize value, exection risk, timing, structure et al
- Patrick   W.

 I would like this group to get back together in the fourth week of July to
determine a final action plan.

Regards
Delainey


I will send Ina the final plan this AM.

----Original Message-----
From: 	Shepperd, Tammy R.
Sent:	Thursday, January 31, 2002 9:32 AM
To:	Neal, Scott
Cc:	Rangel, Ina; Forster, David
Subject:	RE: almost final
Importance:	High

Scott please provide Ina and the assistants with the info they need to start the churns.  They must be submitted by NOON today.  I have to meet with the move team to work the timing issues.

The trading simulation is already at risk as all commercial people may not be relocated by Thurs.

Thanks,
Tammy

 -----Original Message-----
From: 	Neal, Scott
Sent:	Thursday, January 31, 2002 9:28 AM
To:	Shepperd, Tammy R.
Subject:	RE: almost final

Tammy,

I will have final for you by 10:30am.  Bob is working on his supoort people right now and we will be meeting to allocate/place
assistants at 10:00am.  I will send shortly thereafter.

Scott

 -----Original Message-----
From: 	Shepperd, Tammy R.
Sent:	Wednesday, January 30, 2002 6:17 PM
To:	Neal, Scott
Cc:	Rangel, Ina
Subject:	almost final
Importance:	High

Scott,
Attached is the file with Lavo's changes.  Note he's added a couple of interest rate desks and put gas weather and another fundies person in - Bob Superty was looking for 3 logistics support people that should be on the floor,  Tammy Jaquet, Richard Pinion, and Natalie Baker.  Please assign them and the assistants a desk.

We are out of time on turning this churn in.  I must have it by noon.  I will be meeting with the move team tomorrow afternoon to set move dates.  I'm being asked about  the trading simulation for next week and since your churns aren't set I can't provide an answer.

Ina, please pull in whomever you need to work on the churn,  be sure and get with Superty's asst to help you with those people etc.

Regards,
Tammy

 << File: 6th floorplan 01 30.xls >>


I would think we need the dates from the trigger, otherwise those killed deals will remain in their Cash Position amounts.

d.n.

 -----Original Message-----
From: 	Swaim, Michael
Sent:	Thursday, May  31, 2001 8:21 AM
To:	Wei, Zhiyong; Nommensen, Dave; Fortney, Bill; Dattani, Nayan; Kasaru, Narasim; Taylor, Trac; Farooqi, Ahmad
Cc:	Ames, Chuck; Severson, Russ; Storey, Geoff; Grant, George
Subject:	Problem with killed CPR deals & Deal Ticker

  When a deal is killed in CPR, the detail record gets deleted. Consequently, when CPRReader picks up the change, it has no idea what the start and end dates for the record are, and doesn't publish anything for those values. When Deal Ticker gets the deal, it uses the "0" date, Dec 30, 1899 for the start and end dates.

Possible fixes would include having Deal Ticker just not display dates when they're not known, or having the CPR triggers put the start and end dates in the TDS table when a deal is killed.

Mike Swaim
Michael.Swaim@enron.com
Disclaimer: Yeah, like I speak for Enron.


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Christmas Eve in Bethlehem: Santas, Songs but No Arafat

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http://www.nytimes.com/2001/12/25/technology/25HACK.html?todaysheadlines

-----

Coors Acquires a Big Brand in Britain

Seeking to expand abroad as it faces greater pressure from
rivals at home, the Adolph Coors Company will buy the
Carling operations of Bass Brewers for $1.7 billion.
http://www.nytimes.com/2001/12/25/business/worldbusiness/25BREW.html?todaysheadlines

-----

Lego Tinkered With Success, and Is Now Paying a Price

After years of booming sales, Lego may have lost its way by
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=========================
Trying to Keep Young Internet Users From a Life of Piracy

America's rush to the online world has created an enormous
population of ever-younger computer pirates.
http://www.nytimes.com/2001/12/25/technology/25HACK.html?todaysheadlines

-----

Lego Tinkered With Success, and Is Now Paying a Price

After years of booming sales, Lego may have lost its way by
incorporating too many electronics and licensed toys into
its product mix.
http://www.nytimes.com/2001/12/25/business/25LEGO.html?todaysheadlines

-----

HotJobs.com Tells Suitor to Bolster Its Offer or Lose a Deal

The bidding war for it cooling, HotJobs.com seems likely to
begin formal acquisition negotiations with Yahoo on
Thursday.
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POLITICS
=========================
Health Care Is New Darling of Pork Barrel Spending

Pork barrel spending used to mean roads and bridges. Now
health care projects are also singled out by Congress to
receive tens of millions of federal dollars.
http://www.nytimes.com/2001/12/25/politics/25SPEN.html?todaysheadlines

-----

Bush Formalizes Lines of Succession at 7 Cabinet Departments

President Bush has formalized the line of succession at
several crucial federal agencies in case a cabinet
secretary is killed or incapacitated.
http://www.nytimes.com/2001/12/25/politics/25CABI.html?todaysheadlines

-----

Report Faults Fiscal Review of Nuclear Plants

The Nuclear Regulatory Commission has failed to adequately
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=========================
Jets Discover Even Laterals Are an Option

The Jets discovered on Sunday that they could survive even
if Vinny Testaverde tried an improvisational lateral in the
final minutes of the game.
http://www.nytimes.com/2001/12/25/sports/football/25JETS.html?todaysheadlines

-----

Giants Lose Sehorn Against Eagles

Jason Sehorn will not play in Sunday's pivotal game against
the Eagles because of a severely sprained ankle, and may
not play again this season.
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-----

Recalling the Assists From Clyde

The short life of Clyde Frazier Jr. provides a chance to
reflect upon the grace of a man who provided hope and
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basketball.
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Master of the Boast, King of the Ring, Vision of the Future

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his overwhelming love of its subject will turn audiences
into exuberant, thrilled fight crowds.
http://www.nytimes.com/2001/12/25/movies/25ALI.html?todaysheadlines

-----

The Artist Louise Bourgeois at 90, Weaving Complexities

She has witnessed most of the art movements of the last
century and influenced her share. And she is still
innovating.
http://www.nytimes.com/2001/12/25/arts/design/25BOUR.html?todaysheadlines

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A Knight Astride a White Charger

"Kate and Leopold" has   only the most tangential relation
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NY REGION
=========================
Experts Urging Broader Inquiry in Towers' Fall

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Bloomberg Vows to Work at Center of Things

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the one that he used to manage his private company,
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-----

Union Head Objects to Anthrax Vaccine Program

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The Scrooge Syndrome
By PAUL KRUGMAN
A sum of money that   Americans would hardly notice, a
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save the lives of   millions.
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-----

Human Rights at Home
By JOHN SHATTUCK
We hear that the war against terrorism requires us to trim
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not improve our safety.
http://www.nytimes.com/2001/12/25/opinion/25SHAT.html?todaysheadlines

-----

Season's Greetings From Houston, the Bipolar City
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Houston couldn't   stop itself from overreaching, and
Houston wouldn't be able to stop itself   from crashing
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Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You bought 25 JNPR May 80 Call at 0.250000.

ORDER DETAILS:
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