While you guys were all busy worrying over the California energy crisis, I
slipped down to Mexico to conduct an investigation of how our neighbors even
further to the south are faring. Do they still have lights? Is the AC shot?
Can they even make a blended margarita?

Seriously, though, I will be out of the office on Friday, Dec. 22, and again
from Wednesday, Dec. 27 to Monday, Jan. 2. I realize this is late notice; I
did let Richter know awhile ago, but I probably should have spread the word a
little further. I am truly sorry.

At any rate (below the price cap of course), while I am gone I would be so
appreciative if one of you could run the Dow Jones report in the morning and
the EOL report in the evening. Dow Jones will only need to be taken care of
from Wed. through Fri. of next week. I will call on those days, and I can
easily explain the procedure over the phone to those of you who don't know
it. If I call and you're ridiculously busy, just hang up on me. I'll call
back later.

The EOL report we have come to know and love is actually being fixed right
now. I will talk with Nicolay Kraltchev, the Houston IT guy in charge of
fixing it, on Friday, Dec. 22. It should be up and running again by Friday
afternoon. Again, I'll call to check in and make sure this works, or explain
how to use it.

I'll be in the office on Monday, Dec. 25, just briefly to make sure it hasn't
exploded in my absence, but then I'll be off to the land where tequila is
better for you than water. Sounds terrible. Please don't hesitate to call if
you have any questions, or problems, of the work sort, of course.

Kate
503.819.2181


Kim,  Can you send me the original response.  The attached letter only
contains the revisions to that letter.

	Kim Ward/ENRON@enronXgate
	05/11/2001 04:49 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject:

Attached is my letter and here are the some additional terms -

Seller shall provide informal pricing information to Buyer on a regular
basis.  Buyer and Seller can agree to a mechanism to facilitate this
process.  Pricing for various risk management products can be provided at the
request of the customer.

 Customer will not be exposed to daily prices, even during OFO periods

 Seller can provide accounting services to handle all payables for
transportation capacity and therefore provide a consolidated statement for
gas supply and transportation.

Seller is prepared to work with the Buyer to manage any new acquisitions that
take place during the course of any agreement.  However, Seller maintains the
right to reprice the products and services provided under such agreement if
such acquisition materially affects the scope of the original offer.

They selected a three year deal, however, termination language will need to
be negotiated. We will wait for Mike Grigsby to get back to determine some of
that language.  If they terminate with in one or two years, they will be
required to pay the difference in the demand charge for the period we
provided this service and the $.08.

Please let me know what else I can do to help facilitate this process.

Thanks,

Kim


Beginning in 2001, Enron will include Martin Luther King, Jr. Day as one of
our 11 official holidays for U.S. employees.  Martin Luther King, Jr. is one
of our nation's most remarkable heroes, and we want to honor his tremendous
contributions to our history by observing his holiday.

Next year, Martin Luther King, Jr. Day falls on Monday, January 15.  See the
holiday schedule below for a list of other holidays that Enron will observe
in 2001.

2001 Holiday Schedule

Monday	January 1	New Year,s Day
Monday	January 15	Martin Luther King Day
Monday	February 19	President,s Day
Monday	May 28	Memorial Day
Wednesday	July 4	Independence Day
Monday	September 3	Labor Day
Thursday	November 22	Thanksgiving Day
Friday	November 23	Thanksgiving Observance
Monday	December 24	Christmas Observance
Tuesday	December 25	Christmas Day
Discretionary Day

Days designated Observance are floating holidays set by Enron for the year.
A Discretionary Day may be taken as a holiday on any work day with the
supervisor,s prior approval.  When used, it must be designated on payroll
records for that pay period; depending on the State where employed, an unused
discretionary holiday may be forfeited at year end.  For more information*
especially concerning holiday pay for employees who work other than the
standard, 8-hour, 5-day work week*please refer to HR policy #12 (Work Hours,
Holidays, Vacation) or contact your HR representative.


14:56:36 Synchronizing Mailbox 'Kean, Steven J.'
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14:56:57 Synchronizing Forms
14:56:58 Done


Done

Regards
Sanjeev

-----Original Message-----
From: Worthing, Ashley
Sent: Thursday, January 31, 2002 2:05 PM
To: Gupta, Sanjeev
Cc: Keiser, Kam
Subject: Per our conversation - CP to CP deals

Sanjeev -

We need counterparty to counterparty deals moved to bankruptcy with the following book names:

FT-Can-Gone
FT-Cand-Termin/or Term

On the ENA side, we need this moved to Bankruptcy.  If you need anymore information, please give me a call.

Thanks

Ashley

Ashley R. Worthing
Enron NetWorks
Risk Management - West Desk
713-345-3727


Actually if this case goes to arbitration, it will be in Houston. Know any
good lawyers?


fyi...
---------------------- Forwarded by Brent A Price/HOU/ECT on 06/05/2000 04:02
AM ---------------------------

Naomi Connell
06/03/2000 08:32 PM
To: Doug Imrie/LON/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Beth
Apollo/LON/ECT@ECT, Tani Nath/LON/ECT@ECT
Subject: MG Doorstep reviews

Doug

The Doorstep team will wish to visit any MG trading locations in order to do
deal testing.  In order to weed out the origination offices from trading
offices we have agreed the following approach with Brent.  You were
unanimously voted as the man to co-ordinate the effort.

1.  As there are various suitable (i.e. ex-auditors/risk controls) Enron
people visiting certain offices, they will use the standard questionnaire
(Brent should send this to you) in order to establish if the activity is of a
trading nature.  These people (so far identified) are myself (Liverpool on
Tuesday), Andy (Germany & US offices from 19th June), Lloyd Fleming (same as
Andy) & Tani Nath (Korea & Singapore next week I believe).

2.  AA are internal auditor of MG.  I have arranged with Sarah Williams to
get the MG internal audit manager to organise a meeting with you in order for
you to review the audit plans and understand what they have reviewed, whether
their internal audit includes deal testing, how they have already reviewed
(or not) the remote offices.....  You should plan to report back to Andy,
Brent & I on Friday (please could you organise the meeting).  I have the
audit report for MGL & MGMCC audit is due to start on tuesday.

3.  Once we have clarified the extent of AAs work we will assess what else
needs to happen and who to get in to the various different offices to
complete the reviews.

Many thanks

Naomi


I'm on board with the low key concept and the bullets look great.  Some minor
comments attached.  Thanks for spearheading this, Shelley.  DF

Shelley Corman
05/26/2000 02:09 PM
To: Julia White/ET&S/Enron@ENRON, Steve Hotte/Corp/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Frazier King/FGT/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON,
rkilmer@enron.com, Michael Moran/ET&S/Enron@ENRON, Ray
Neppl/NPNG/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Teb Lokey/FGT/Enron@ENRON

Subject: Message Points for FERC Briefing on GPG's Use of EOL

I'm currently scheduled to meet with Kevin Madden and other members of OMTR,
including hopefully Mike Coleman, Rob Cupina and Alice Fernandez, next Wed.
May 31 to give them a heads-up on GPG's upcoming use of EOL.  I also hope to
meet with several of the Commissioners' assistants.  The timing of the
meeting is to ensure that we get to them prior to a press release.

The approach is decidely low key.   There is a feeling that if we make a big
deal of this with FERC, then they will ask a lot of questions about why we
aren't filing for permission.  Hopefully, if we explain that it doesn't
change any of our current practices, that its just a new computer tool, they
will chalk it up as another ecommerce story.

I hope to talk about the GPG's use of EOL generally and not get deep into the
mechanics of the specific TW auction.  The advantage of me doing the FERC
briefing is that I can talk generally and claim that I'm not privy to the
details of each of the pipelines possible EOL products.

Attached is a rough outline of my message points and a few Q&As that I have
thought of thus far.  Please send me your feedback (by noon on Tues. May 30)
and any other Q&As that you think I should be prepared for.


Stocks Close Higher As Investors Cheer Earnings News
Dow Jones Business News- 10/22/01
Enron Faces Holder Suit From Fincl Chief Pacts
Dow Jones News Service- 10/22/01
Shapiro Haber & Urmy Files Class Action on Behalf of Purchasers of Enron Corporation Stock (NYSE: ENE) in The Period From July 13, 2001 Through October 16, 2001
PR Newswire- 10/22/01
Enron Board Approved Partnerships Run by Chief Financial Officer
PR Newswire- 10/22/01
USA: UPDATE 3-SEC looks into Enron deals, stock slides 20 pct.
Reuters English News Service- 10/22/01
Enron shares plunge 20 percent after acknowledging SEC inquiry
Associated Press Newswires- 10/22/01
STOCKWATCH Enron lower after SEC questions transactions; AG Edwards downgrades
AFX News- 10/22/01
Enron Corp. Information requested by SEC.
Regulatory News Service- 10/22/01
Enron Shares Slide as SEC Seeks Information on Deals With CFO's Partnership
Dow Jones Business News- 10/22/01
Enron Says SEC Asks About Related-Party Transactions (Update8)
Bloomberg- 10/22/01
UniPrime Signs Letter of Intent for Wind Energy Park Project
Business Wire- 10/22/01

Stocks Close Higher As Investors Cheer Earnings News
By Peter Edmonston

10/22/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
The Wall Street Journal Online
Stocks rallied sharply Monday despite the widening anthrax scare, as a batch of better-than-expected quarterly earnings reports cheered investors.
The Dow Jones Industrial Average gained 172.92, or 1.9%, to close at 9377.03 after gaining 40.89 points Friday. The Nasdaq Composite Index rose 36.75, or 2.2%, to 1708.06 after climbing 18.59 points in the previous session.
Other major stock indexes gained ground Monday. The Standard & Poor's 500-stock index added 16.42 to 1089.90, the New York Stock Exchange Composite Index rose 7.13 to 561.45, and the Russell 2000 Index gained 4.80 to 430.50.
Bonds were mixed and the dollar strengthened.
The stock market's gains were tempered briefly by news that a postal worker in Washington, D.C., was diagnosed with anthrax contracted by inhalation. Additionally, two other postal workers in Washington have died and their deaths are being investigated to determine if they died of that same ailment.
But stocks took the anthrax reports in stride, suggesting a new and surprising level of confidence among market participants, some analysts said Monday. "The market is really shrugging off this news," said Mark Donahoe, a managing director at U.S. Bancorp Piper Jaffray.
Upbeat earnings news from American Express, released Monday afternoon, seemed to give stocks an additional lift.
Investors may be shifting their focus away from concerns about anthrax exposure and U.S. military maneuvers in Afghanistan to take a closer look at quarterly earnings results, said Steven Kroll Sr., managing director at Monness, Crepsi & Hardt.
The uncertainty on the global front "looks like it is going to be a long, drawn-out affair," Mr. Kroll said. "I think stocks will revert back to being earnings-driven."
Although dismal by ordinary standards, last week's flood of quarterly earnings reports got a reasonably upbeat reception from investors, who seem to have approached them with extremely low expectations. "The markets acted pretty well last week in light of some very ugly earnings," said Mr. Donahoe of U.S. Bancorp. That resilience might be giving hope to investors this week, he added.
Still, investors will be carefully sifting through quarterly results in the coming week to get a fix on how the fourth quarter is shaping up, Mr. Kroll argued.
Third-quarter earnings showed several pockets of strength on Monday, with big companies such as Minnesota Mining and Manufacturing and U.S. Steel posting results that met or topped analysts' estimates.
The Dow industrials got an additional boost shortly after 2 p.m. EDT when index component American Express reported earnings that, excluding certain items, beat Wall Street previously lowered estimates.
The financial-services concern posted net income of $298 million, or 22 cents a share, down 60% from $737 million, or 54 cents a share, a year earlier. Excluding charges related to a corporate restructuring and the September 11 attacks, American Express said it would have earned $595 million, or 45 cents a share, for the latest quarter. Analysts had been expecting earnings of 30 cents a share, according to Thomson Financial/First Call.
Shares of American Express surged after the quarterly earnings release, closing up 3.4% at $30.32.
Chip stocks helped lead the Nasdaq composite higher, with the Philadelphia semiconductor index gaining 5.4%. The rally seemed to be a continuation of Friday's gains in the sector, sparked by positive earnings news from KLA-Tencor.
U.S. Steel, the nation's No. 1 steelmaker, said it swung to a third-quarter loss from a profit a year earlier, hurt by oversupply and a weak economy. But excluding charges related to the closure of one mill and damage at another, U.S. Steel said its loss was much narrower than what was forecast by analysts surveyed by Thomson Financial/First Call. Shares of U.S. Steel rose 9.7% to $14.74.
Investors also sent 3M shares nearly 5% higher after the maker of chemical and adhesive products squeaked by Wall Street estimates, despite a 21% decline in net income. And oil producers Conoco and USX-Marathon Group handily beat analysts' forecasts.
But not all the earnings news was cheery. Local phone company SBC Communications recorded net income that was slightly below estimates. Shares of SBC, a component of the Dow industrials, fell 5.1% to $41.40.
Meanwhile, the outlook for corporate profits in the fourth quarter seems discouraging, some analysts noted. On Monday, 3M guided Wall Stret's earnings expectations lower for the upcoming quarter, and a top executive at U.S. Steel told analysts that the company's fourth quarter would be "difficult."
Companies "are meeting third quarter expectations, but they are talking down the fourth quarter," said Mr. Kroll of Monness Crespi & Hardt. He said that some of the rise in Monday's markets might be a carryover from Friday's buying activity related to the expiration of U.S. stock option and index option contracts, an event known as "double witching."
One of the hardest-hit stocks on Monday was Enron, an energy concern that said that the Securities and Exchange Commission was seeking information about certain complex transactions it undertook with a limited partnership organized by its chief financial officer. Shares of Enron plunged 21% to $20.65.
Overseas, stocks closed higher. London's Financial Times-Stock Exchange 100-Share Index gained 1.1%, while Frankfurt's Xetra DAX index rose 2%. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.3%, but Hong Kong's Hang Seng Index ended 0.3% lower.
In economic news, the Conference Board reported that its index of leading indicators for the month fell 0.5% in September, matching the estimates of economists surveyed by Thomson Global Markets. The index -- a composite of measurements aimed at forecasting likely changes in the economy -- included some data gathered after the Sept. 11 attacks.
The decline, which was the index's largest one-month drop since January 1996, confirmed that the widespread weakness in the U.S. economy is deepening, the Conference Board said. Falling stock prices and rising initial unemployment claims were two of the index components that contributed most negatively to the September reading.
In August, the leading-indicators index slipped 0.1%, less than the previous estimate of a 0.3% decline. Even so, the back-to-back declines paint a bleak economic picture, said Conference Board economist Ken Goldstein.
The two-month decline in the index suggests that the already-weak economy is likely to remain weak into next year, Mr. Goldstein said. The overall reading from these numbers indicates that manufacturing and services are experiencing a significant slowdown.
In major U.S. market action:
Stocks rose. On the Big Board, where 1.09 billion shares were traded, 1,813 stocks rose and 1,291 fell. On the Nasdaq, 1.49 billion shares changed hands.
Bonds were mixed. The 10-year Treasury note rose less than 1/16 point Monday, or 62.5 cents for each $1,000 invested. The yield, which moves inversely to its price, fell to 4.618%. The 30-year bond fell 1/16 point to yield 5.364%.
The dollar rose. The dollar bought 122.56 yen, compared with 121.20 yen late Friday. The euro traded at 89.18 U.S. cents, down from 89.84 cents late Friday.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Faces Holder Suit From Fincl Chief Pacts

10/22/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
NEW YORK -(Dow Jones)- A shareholder of Enron Corp. (ENE) filed a derivative suit in Texas court alleging that Enron's board breached their fiduciary duties to the company by allowing Chief Financial Officer Andrew Fastow to create and run certain limited partnerships.
In a press release Monday, a law firm representing the unnamed shareholder said that Enron's board lost over $35 million by allowing Fastow to run these partnerships, which engaged in transactions with Enron and presented a conflict of interest.
The suit alleges that the limited partnerships bought Enron assets, permitting Fastow to use his inside knowledge of the company's financial condition to earn millions of dollars.
On Oct. 16, Enron announced that it will take a $35 million charge relating to the limited partnerships and revealed that the company had to repurchase 55 million of its shares in order to unwind its involvement in the partnerships, thereby reducing the company's shareholder equity by $1.2 billion.
On Monday, Enron said the Securities and Exchange Commission recently requested additional information regarding the limited partnerships.
On Oct. 19, The Wall Street Journal reported that Fastow, and possibly a handful of partnership associates, realized more than $7 million last year in management fees and about $4 million in capital increases on an investment of nearly $3 million in the partnership, which was set up in Dec. 1999 principally to do business with Enron.
Fastow has been finance chief of Enron since 1997 and has been with the firm 11 years, which included extensive work setting up and managing company investments.
Enron's New York Stock Exchange listed shares fell to a 52-week low on Monday following news that the SEC requested additional information.
A spokeswoman from Enron said the company has not seen the lawsuit and it does not comment on pending litigation.
-Thomas Gryta; Dow Jones Newswires; 201-938-5400

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Shapiro Haber & Urmy Files Class Action on Behalf of Purchasers of Enron Corporation Stock (NYSE: ENE) in The Period From July 13, 2001 Through October 16, 2001

10/22/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)
BOSTON, Oct. 22 /PRNewswire/ -- The law firm of Shapiro Haber & Urmy LLP has filed a class action suit alleging securities fraud in the United States District Court for the Southern District of Texas (Houston Division), 515 Rusk Ave., Houston, Texas 77002, against Enron Corporation ("Enron") (NYSE: ENE) and certain of its officers and directors.
The case was filed on behalf of all purchasers of the common stock of Enron during the period from July 13, 2001 through October 16, 2001, inclusive (the "Class Period").
The complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act of 1934 ("the Exchange Act"), and Rule 10b-5 promulgated thereunder, and that defendants' wrongful conduct artificially inflated the price of Enron common stock during the Class Period. The complaint charges that the defendants misrepresented and concealed material facts concerning the Company's financial transactions with two partnerships established by Enron's Chief Financial Officer, which resulted in substantial losses to Enron and a reduction in shareholders' equity of over $1 billion. The price of Enron's common stock plummeted over 20% in just three trading days following disclosure of the financial losses resulting from Enron's dealings with these partnerships.
Plaintiff seeks to recover damages suffered by class members and is represented by the law firm of Shapiro Haber & Urmy LLP, which has successfully prosecuted numerous securities class actions on behalf of defrauded investors. More information about the firm and its qualifications is available on the firm's website at www.shulaw.com.
If you are a member of the class described above, you may wish to join the action. You may move the court to serve as a lead plaintiff no later than December 21, 2001.
If you would like a copy of the complaint, would like to discuss joining this action as a lead plaintiff, or would like to inform us that you are a member of the proposed class, please contact Thomas G. Shapiro, Esq. or Liz Hutton, paralegal, Shapiro Haber & Urmy LLP, 75 State Street, Boston, MA 02109, (800) 287-8119, fax at (617) 439-0134, or e-mail at cases@shulaw.com.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X66791593

/CONTACT: Thomas G. Shapiro, Esq. or Liz Hutton, paralegal, Shapiro Haber & Urmy LLP, +1-800-287-8119, cases@shulaw.com/ 16:54 EDT

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Board Approved Partnerships Run by Chief Financial Officer

10/22/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)
NEW YORK, Oct. 22 /PRNewswire/ -- An Enron (NYSE: ENE) shareholder has filed a derivative suit in Texas state court which charges that Enron's board of directors breached their fiduciary duties to the Company by allowing its CFO, Andrew Fastow to create and run certain limited partnerships. The Enron board lost the Company over $35 million by allowing Fastow to run these partnerships, which engaged in transactions with Enron and presented a clear conflict of interest for the Enron CFO.
In addition to other transactions, the limited partnerships bought Enron assets, permitting Fastow to use his inside knowledge of the Company's financial condition to earn millions of dollars for himself and the limited partnerships. On October 16, 2001 the Company announced that it would take a $35 million charge relating to the limited partnerships. It was also revealed that the Company had to repurchase 55 million of its shares in order to unwind its involvement in the partnerships, thereby reducing the Company's shareholder equity by $1.2 billion.
On October 22, 2001, the Company announced that the SEC recently requested additional information regarding these limited partnerships.
If you would like additional information regarding this lawsuit, you may contact Murielle Steven Walsh at Pomerantz Haudek Block Grossman & Gross LLP, New York, New York, 888-476-6529 ((888) 4-POMLAW) or mjsteven@pomlaw.com.
MAKE YOUR OPINION COUNT - Click Here
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/CONTACT: Murielle Steven Walsh, Esq. of Pomerantz Haudek Block Grossman & Gross LLP, +1-888-476-6529 (+1-888-4-POMLAW), mjsteven@pomlaw.com/ 15:41 EDT

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
USA: UPDATE 3-SEC looks into Enron deals, stock slides 20 pct.
By David Howard Sinkman

10/22/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 22 (Reuters) - Shares of Enron Corp. slumped more than 20 percent on Monday after it said U.S. regulators are looking into company transactions, another blow to a company whose chief executive resigned in August.
A spokesman for North America's biggest buyer and seller of natural gas and electricity declined to discuss an inquiry by the U.S. Securities Exchange Commission, but said it was cooperating. The SEC also declined to outline details of its inquiry.
Investor confidence in the company has been rocked by reports from The Wall Street Journal about its relationship with two limited partnerships that were run until recently by Enron's chief financial officer, Andrew Fastow. The company also reported last week its first quarterly loss in more than four years, and took $1.01 billion in charges and writedowns on ill-fated investments.
Problems at Enron surfaced two months ago when CEO Jeff Skilling resigned after only six months at the helm.
Enron shares declined $5.49, or 21 percent, to $20.56 in Monday afternoon trade on the New York Stock Exchange, shaving off almost $4.2 billion of its market capitalization. The stock, the biggest decliner by percentage loss on the NYSE, fell as much as 22.8 percent on Monday, when it opened at its lowest level since September 1998.
Shares declined 23 percent last week after the Journal ran its first story about the limited partnerships on Wednesday.
Enron declined to comment on whether the SEC's inquiry into "certain related party transactions" involved the partnerships.
"Related party transactions" is the heading used by Enron in its 1999 and 2000 annual reports to discuss dealings with its limited partnerships, LJM Cayman LP and the larger LJM2 Co-Investment LP, which engaged in complex hedging transactions involving company assets worth hundreds of millions of dollars.
Fastow severed his ties to the partnerships in June. LJM was set up in June 1999 for energy-related investments, and LJM2 in December 1999 for energy-and communication-related investments.
The Journal reported $35 million of its third-quarter loss of $638 million were connected with the limited partnerships
Curt Launer, an analyst at Credit Suisse First Boston, said investors should question Enron's use of real value accounting when the value of certain assets, "most notably in telecommunications," have declined precipitously.
"Investors have had several opportunities to question Enron's credibility and at each of those turns the share price has declined," Launer said.
Some analysts, though, cautioned against assuming fire when there might only be smoke.
"This is an inquiry, not an investigation, and I cannot imagine Enron's attorneys or accountants would allow it do to something illegal," said Merrill Lynch analyst Donato Eassey.
"It's easy for the market to kick a company when its down, but these challenges do not last for a solid company, and we think Enron is one."
Shares in the company are down 75 percent this year.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron shares plunge 20 percent after acknowledging SEC inquiry

10/22/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.
HOUSTON (AP) - Shares of Enron Corp. plunged more than 20 percent Monday after the energy trading giant said the Securities and Exchange Commission had sought information company's transactions with limited partnerships, which were managed by an Enron senior officer.
In a statement, Enron said it had provided the regulatory agency with information in response to an inquiry last week.
"We welcome this request," Enron chairman and chief executive officer Kenneth L. Lay said in a statement Monday. "We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest."
Investors were upset by the news, however, sending shares of Enron down dlrs 5.30 to dlrs 20.75 in heavy trading on the New York Stock Exchange.
The transactions took place in 1999 and 2000, according to Houston-based Enron's 2000 annual report. They resulted in a dlrs 16 million pre-tax gain to Enron in 1999 and a dlrs 36 million loss in 2000.
Enron officials declined to provide details about the transactions or name the limited partnerships, instead referring questions to a section of the annual report on related party transactions.
"Enron entered into transactions with (limited partnerships) to hedge certain merchant investments and other assets," according to the section in the annual report.
Enron spokesman Mark Palmer said the SEC first contacted Enron last week and described the request is an "informal inquiry."
"This is not an investigation," he said. "We see the request as an opportunity to put this issue behind us."
SEC spokesman John Heine said he could not comment on the filings. "We can't confirm or deny that type of activity," Heine said.
The electricity marketer and natural gas provider says both internal and external auditors and attorneys reviewed the related party arrangements, the company's board was fully informed of and approved the arrangements, and they were disclosed in the company's SEC filings.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
STOCKWATCH Enron lower after SEC questions transactions; AG Edwards downgrades

10/22/2001
AFX News
(c) 2001 by AFP-Extel News Ltd
NEW YORK (AFX) - Shares of Enron Corp were down sharply in late morning trade, after the Securities and Exchange Commission requested the company to provide information on certain related-party transactions, prompting AG Edwards to downgrade the stock to 'hold' from 'buy', dealers said.
At 11.10 am, Enron was down 4.29 usd, or 16.47 pct, at 21.76. The DJIA was up 57.57 points at 9,261.68, and the S&P 500 composite index was up 5.57 points at 1,079.05.
In a statement this morning, Enron confirmed that the SEC had requested documents, and said it would "cooperate fully" with the commission.
However, the company did not give any details of the transactions concerned or of the reasons behind the SEC's request.
According to AG Edwards analyst Mike Heim, Enron "significantly reduced" its equity to unroll a partnership arrangement with a partially-owned subsidiary formerly run by Enron's chief financial officer.
"This arrangement, which was not discussed in past SEC filings, has led to a growing distrust of the company by the financial community.
"In our opinion, the market is most likely overreacting to the news being disseminated over the last few days.
"However, we can give no assurances that all the problems at Enron have been fully disclosed," Heim said.
In its statement this morning, Enron said although its internal and external auditors and attorneys have reviewed the related-party arrangements, adding that the Board was "fully informed of and approved these arrangements", which were disclosed in the company's SEC filings.
"We believe everything that needed to be considered and done in connection with these transactions was considered and done," said chief executive Kenneth Lay.
ng/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Enron Corp. Information requested by SEC.

10/22/2001
Regulatory News Service
(C) 2001
INTNTH 22 October 2001
ENRON ANNOUNCES SEC REQUEST, PLEDGES COOPERATION
HOUSTON - Enron Corp. (NYSE: ENE) announced today that the Securities and Exchange Commission has requested that Enron voluntarily provide information regarding certain related party transactions.
"We welcome this request," said Kenneth L. Lay, Enron chairman and CEO. "We will cooperate fully with the SEC and look forward to the opportunity to put any concern about these transactions to rest. In the meantime, we will continue to focus on our core businesses and on serving our customers around the world."
Enron noted that its internal and external auditors and attorneys reviewed the related party arrangements, the Board was fully informed of and approved these arrangements, and they were disclosed in the company's SEC filings. "We believe everything that needed to be considered and done in connection with these transactions was considered and done," Lay said.
Enron is one of the world's leading energy, commodities and services companies. The company markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world. Enron's Internet address is www.enron.com. The stock is traded under the ticker symbol "ENE."
END
'MSCEAFEAALXFFFE.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Shares Slide as SEC Seeks Information on Deals With CFO's Partnership

10/22/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)
HOUSTON -- Shares of Enron Corp. slumped Monday after the energy-trading concern said the Securities and Exchange Commission has asked for information about "certain related party transactions," including those between Enron and a limited partnership organized by its chief financial officer.
Enron promised to cooperate fully with the SEC request and said in a prepared statement that it "welcomes" the request and looks forward to put "any concern about these transactions to rest."
In 4 p.m. EDT trading on the New York Stock Exchange, Enron (ENE) shares fell $5.40, or 21%, to $20.65.
Last week The Wall Street Journal reported that a limited partnership organized by Andrew Fastow, Enron's chief financial officer, made millions in profits in transactions with the firm. The story cited information reported in an internal partnership document.
Enron also said last week it will repurchase up to 55 million shares that it had issued as part of transactions with LJM2 CO-Investment LP, the limited partnership created by Mr. Fastow.
In addition, Enron took a $1.01 billion charge in the third quarter, mostly connected with write-downs of bad investments, producing a loss of $618 million, or 84 cents a share. Excluding charges, income was $393 million, or 43 cents a share, in the quarter.
The charge covers a wide range of items including costs related to the limited partnerships that were, until recently, by Mr. Fastow.
The company said the costs connected with the partnerships total $35 million and involve the early termination of "certain structured finance arrangements."
The partnerships were set up two years ago, and while the company maintains that they are perfectly proper, some have suggested that it is a conflict of interest for Enron's chief financial officer to be involved in a partnership that was looking to purchase Enron assets, the Journal reported.
The energy company said its auditors reviewed the arrangements and its board was fully informed and approved the deals, which were disclosed in SEC filings.
"We believe everything that needed to be considered and done in connection with these transactions was considered and done," Enron Chairman and Chief Executive Kenneth Lay said on Monday.
Separately, an Enron shareholder filed a derivative lawsuit in Texas court alleging Enron's board breached its fiduciary duties to the company by allowing Mr. Fastow to create and run certain limited partnerships.
A law firm representing the unnamed shareholder said in a prepared statement that Enron's board lost over $35 million by allowing Mr. Fastow to run these partnerships, which engaged in transactions with Enron and presented a conflict of interest.
The suit alleges that the limited partnerships bought Enron assets, permitting Mr. Fastow to use his inside knowledge of the company's financial condition to earn millions of dollars.
-- Bill Platt of Dow Jones Newswires contributed to this report.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Says SEC Asks About Related-Party Transactions (Update8)
2001-10-22 17:10 (New York)

Enron Says SEC Asks About Related-Party Transactions (Update8)

     (Adds in sixth paragraph that analyst estimates dissolving
affiliated companies would cost $3 billion.)

     Houston, Oct. 22 (Bloomberg) -- Enron Corp.'s shares fell 21
percent after the Houston-based company said the Securities and
Exchange Commission requested information on partnerships run by
Chief Financial Officer Andrew Fastow and other executives.

     Enron, the largest energy trader, created partnerships and
other affiliated companies to buy and sell assets such as power
plants to lower the debt on its books. An investor sued Enron's
board Wednesday, saying two partnerships cost the company $35
million and Fastow's leadership of them was a conflict of
interest.

     Investors today said they were concerned that Enron may be
forced to dismantle the affiliated companies by paying off the
owners in cash or stock. Chief Executive Ken Lay said last week he
may be have to ``unravel'' agreements that created the companies
if Enron's debt ratings fall too far.

     ``We need confidence their long-term credit rating won't go
below investment grade,'' said Roger Hamilton, an analyst at John
Hancock's value funds, which own 600,000 Enron shares.

      Enron reduced shareholders' equity by $1.2 billion when it
repurchased 55 million shares of two such partnerships controlled
by Fastow, LJM Cayman and LMJ2 Co-Investment, the Wall Journal
reported last week.

     Dismantling more of the affiliated companies and partnerships
would cost Enron or its shareholders as much as $3 billion, Ray
Niles, a Salomon Smith Barney analyst, wrote in a report to
investors today.

     Enron shares fell $5.40 to $20.65. They touched $19.67 during
the day's trading, the lowest level since Jan. 15, 1998.

                           Shares Plunge

     The stock has fallen 75 percent this year amid concerns about
failed investments in trading of space on fiber-optic
communications networks and a water company, and the resignation
of Jeff Skilling as CEO in August after seven months on the job.

     While Skilling said he resigned for personal reasons,
investors say his departure led them to question whether the
company was concealing problems, including possible liabilities
from affiliated companies.

     On Tuesday, Enron surprised many investors when it reported a
$618 million third-quarter loss, the result of writing off $1.01
billion in failed investments.

      Moody's Investors Service placed the company's debt on watch
for possible downgrade. The company's debt is rated at investment
grade by Fitch, Standard & Poor's and Moody's.

     The company received a faxed request for information from the
SEC on Wednesday asking for information, spokesman Mark Palmer
said, and will respond ``as soon as possible.''

     ``We will cooperate fully with the SEC and look forward to
the opportunity to put any concern about these transactions to
rest,'' Lay, who is also Enron's chairman, said in a statement.

                          Dilution Fears

     Enron has formed at least 18 companies to serve as financing
vehicles for its projects, based on filings with the Texas
secretary of state. Fastow and other Enron executives are named as
the controlling partners or the board members in the companies.

     Some have bought Enron assets such as power plants, removing
the debt for those projects from Enron's books. That allows Enron
to keep cash earned from the main trading business from supporting
what it views as secondary businesses, Standard & Poor's debt
analyst Todd Shipman said.

      Enron brokers trades of electricity, natural gas and other
commodities as well as owns power plants and natural-gas
pipelines.

     Dismantling the affiliates would be costly. Whitewing
Management, an affiliated company that has bought 14 Enron power
plants and lists Fastow as managing director, holds 250,000
preferred shares of Enron.

     Enron may have to convert the preferred shares to common
stock if share prices fall below a certain level and the credit
rating drops below investment grade, according to company filings.
That would dilute the value of common shareholders' investment.

     ``The concern is how many of these dilutive structures are
out there?'' Shipman said. ``Investors are worried they might have
to share their Enron earnings with a lot more people than they
originally thought.''

                        Worrisome Financing

     Enron's auditors and attorneys reviewed the company's
``related party arrangements,'' the board approved them, and they
were disclosed in SEC filings, Enron said in its statement.

     That hasn't eased concerns. The reduction of shareholder
equity by $1.2 billion from the LJM partnerships is reason to
worry about Enron's other financing vehicles, wrote Niles, the
Salomon analyst. Enron also may take another $2.4 billion in
losses from investments in the Dabhol power plant in India and
projects in South America, he wrote.

     Enron's 8 percent coupon bonds due in 2005 fell $34 per
$1,000 face value to be offered at $1,022 today from $1,056 on
Friday, traders said. Yield on the debt rose to 7.33 percent from
6.33 percent.

     Based on Bloomberg composite ratings, most of Enron's long-
term debt is rated at BBB2 and BBB1, two or three levels above
investment grade.

     Fastow continues to work, and Enron hasn't punished him,
Palmer said. Fastow declined to be interviewed, spokeswoman Karen
Denne said. SEC spokesman John Heine declined to comment on the
agency's request to Enron.

     ``We believe everything that needed to be considered and done
in connection with these transactions was considered and done,''
Lay said in the statement.

UniPrime Signs Letter of Intent for Wind Energy Park Project

10/22/2001
Business Wire
(Copyright (c) 2001, Business Wire)
APACHE JUNCTION, Ariz.--(BUSINESS WIRE)--Oct. 22, 2001--UniPrime Capital Corporation Inc. (NQB:UPRC) announced today that it has signed a Letter of Intent (LOI) with Jessel Enterprises Inc. of Los Angeles for a partial interest in a wind park ground lease.
This ground lease, owned by Enron Wind Development Corp., a subsidiary of Enron Corp. (NYSE:ENE), represents in excess of 3,000 acres of prime natural land in the Tehachapi Valley, possessing an extremely high-quality wind source. The output at this particular location is rated at approximately 64 megawatts, and can service roughly 40,000 residential customers. Revenue generation from the Jessel Enterprises wind park is estimated to be $96 million per year.
UniPrime Capital Corporation president and CEO Randy Russo stated, "We are very pleased to have this opportunity to assist in providing a clean, environmentally favored alternative power supply to California consumers, especially in view of the recent crisis condition that many west coast markets have been experiencing."
Additional information about this particular wind park project, and the industry in general, can be found at the American Wind Energy Association's website at http://www.awea.org. UniPrime Capital Corporation is a publicly traded investment holding company trading under the symbol UPRC.

Statements contained in this document that are not historical in nature are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause future results to differ materially from those set forth in such forward-looking statements. UniPrime Capital Corporation undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Such risks and uncertainties with respect to UniPrime Capital Corporation include, but are not limited to, its ability to successfully implement internal performance goals, performance issues with suppliers, regulatory issues, competition, the effect of weather, exposure to environmental issues and liabilities, variations in material costs and general and specific economic conditions.


Toni:  please make the offer to Josh Chapa asap.  Thanks.


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eRFP,Auctions,Supplier Search. Moreoever, our development labs in India
could add great value for your module development, ongoing support,
maintenance, QA, Porting work; deploying a very low cost structure.

1.	TechSpan Details: I have enclosed the following -

	1.1 Company Overview (Management, Revenues, Growth, Locations,
Services, Competencies,  etc)
	1.2 TechSpan B2B Markets Expertise Brochure
	1.3 Case Study - e2Open , Traiana
	1.4 Projects with Ariba & MOAI

2.	Other Details which could be of interest

	2.1 TechSpan has been featured on IDC's analysis (Report No. 23918)

	" IDC believes that TechSpan has done a good job of melding its
evolution as a services business to that of its 	partnerhips"

	2.2.  BEA's Partner brochure on its competency (attachment), wherein
TechSpan has been evaluated at par with KPMG & 	CSC. All our clients have
also realized the value in TechSpan and all have positioned us equivalent
(and higher in many 	cases)to any Big 5 Consulting firm.

	2.3.  INDIAN E-BIZ CONSULTING MARKET WORTH $136 M.: V&D

	TechSpan tops the Big Six list of e-biz consultants in India with
total business worth $67 million, followed by 	Planetasia and MindTree. The
study has identified pricing as the one big advantage enjoyed by Indian pure
play 	Internet Professional Services companies.

     	http://ciol.com/content/news/repts/101020511.asp?nl=ctd-mar5

	2.4  Inc. Magazine and Cisco Systems Name TechSpan, Inc., Finalist
at Growing with Technology Awards Ceremony

      http://www.techspan.com/news/prcisco.html

	2.5.  TechSpan Ranked on Sm@rtReseller's Smart 100 Companies List

      http://www.techspan.com/news/prsmartreseller.html

In summary, we are a young company (two years in operations) with high
ambitions and clearly articulated vision of being a leader in the e-commerce
consulting space. We have achieved major milestones in being a $ 67.0
Million company within 2 years, largely due to the confidence exhibited by
our customers and partners. Though the above are some achievements in the
past (giving you a base comfort factor on our long term stability), we are
keen in discussing what value we could bring to Enron, now and in the
future.

Thks,

Arvind

Arvind Ramanathan
Business Development Manager
TechSpan Inc.

Tel	: 408. 530.5570
Cell	: 408. 828.6391

www.techspan.com

-----Original Message-----
From: Andy.Zipper@enron.com [mailto:Andy.Zipper@enron.com]
Sent: Thursday, May 24, 2001 8:12 AM
To: Arvind.Ramanathan@techspan.com
Subject: RE: Partnership: Enron & TechSpan (Goldman Sachs Funded
Company)

Arvind,

Thank you for the note. We are evaluating the potential value that Techspan
could bring to Enron. We will contact you when are ready to enter into a
dialogue.
Once again thank you for your interest in Enron.

Andy Zipper
Vice President

 - TechSpan_Ecom.DOC
 - B2B Markets Brochure_Final.pdf
 - Success Story_e2open_v 2.0.pdf
 - Success Story_Traiana_v 2.0.pdf
 - BEA_COMPETENCY.pdf
 - TechSpan Experience with Ariba_Final.doc
 - TechSpan Experience with Moai_Final.doc


A bit of a wait ... but really, really cute! Careful--there is sound!

http://home.earthlink.net/~jimmcneill/dance.html


At Christian Yoder's request, I am forwarding the message and attachment
below.

---------------------- Forwarded by Jan M King/HOU/ECT on 11/20/2000 08:05 AM
---------------------------
From: Tim Belden on 11/17/2000 04:39 PM
To: Jan M King/HOU/ECT@ECT
cc:
Subject: Chairman Hoecker's questions from Nov. 1 hearing

---------------------- Forwarded by Tim Belden/HOU/ECT on 11/17/2000 03:41 PM
---------------------------

Lysa Akin
11/17/2000 04:30 PM
To: GFergus@brobeck.com, mday@gmssr.com, Richard B Sanders/HOU/ECT@ECT, James
D Steffes/NA/Enron, Richard Shapiro/NA/Enron, Paul Kaufman/PDX/ECT, Susan J
Mara/NA/Enron, Jeff Dasovich/NA/Enron, Joe Hartsoe/Corp/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron, Harry Kingerski/NA/Enron, Greg Wolfe/HOU/ECT@ECT,
Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT
cc:
Subject: Chairman Hoecker's questions from Nov. 1 hearing

Sue Mara - please forward this to the EES group.

If you feel I have inadvertently left someone off this distribution list,
please forward!  Thanks!

Lysa Akin
Ass't to Mary Hain
503/464-7927
---------------------- Forwarded by Lysa Akin/PDX/ECT on 11/17/2000 04:34 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Nancy Pickover" <npickover@bracepatt.com>
11/17/2000 03:00 PM

To: <Christi.L.Nicolay@enron.com>, <donna.fulton@enron.com>,
<marcie.milner@enron.com>, <mary.hain@enron.com>, <smara@enron.com>,
<snovose@enron.com>
cc: "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: Chairman Hoecker's questions from Nov. 1 hearing

Attached is a list of questions Chairman Hoecker has proposed to parties that
spoke at the Nov. 1 (I believe FERC means the 9th) meeting.  All but No. 3
are  directed to Enron and the responses are due on Wednesday the 22nd.

 - EL00-95.1


I am still trying to resolve the question of who will advise you on the
consulting and other agreements.  In the meantime, I have attached a form
which you can use to create a report for your group.  This would be quite
helpful to the lawyers in staffing the group more efficiently.  SS


thanks


Thanks.  I have shared these with Jeff Gossett (gas risk lead) and Scott
Earnest (products risk lead).  I will be curious to hear about the plan that
your DBA's have devised today.  Thanks for you help and attention to these
problems.


Sempra Could Be Takeover Candidate, Newspaper Says

The London Telegraph newspaper quoted an analyst who said that U.K.-based
Centrica could
be eyeing Sempra Energy as a possible takeover candidate following Centrica's
purchase of
Canadian gas and electricity supplier Direct Energy.

Direct Energy owns a 27.5% stake in Energy America, whose remaining equity
belongs to Sempra.
The newspaper quoted Simon Hawkins, an analyst with UBS Warburg, as saying
the Direct Energy
acquisition is "step one of something much bigger." In principle, he said,
there is no reason why
Centrica shouldn't go after Sempra. Centrica told the newspaper it was
"talking to Sempra about
the way forward."


Cory,

Still  finding discrepancies Cin schedules, - or finding duplicate
schedules-ERCOT this weekend.   Overall,   acuracy is improving, however
still seeing schedules missing from time to time which  is taking us longer
than usual to finish checkouts .

thanks for your attention
JOE


Amelia, I was able to collect the remainder of the pledges ($5,140).  Please
let me know where you are located, and I'll try to get it over there today.
If you happen to be in the building and want to stop by, that's fine, too.
Katherine knows where it is if I'm not at my desk.  SRS


Sure!

	Mary Griff Gray
	09/08/2000 10:08 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Coral Energy's transaction(s) [9/1/00] using incorrect ID (used
financial ID for physical transaction)

Wonderful -- I'll let my counterparty know.  Would you let me know when it
goes to Coral for approval?
Thanks, Griff

From: Tana Jones on 09/08/2000 09:03 AM
To: Mary Griff Gray/HOU/ECT@ECT
cc:
Subject: Re: Coral Energy's transaction(s) [9/1/00] using incorrect ID (used
financial ID for physical transaction)

Yes, I've prepared the assignment, I am just waiting for the lawyer to sign
off on it.

	Mary Griff Gray
	09/08/2000 07:25 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Coral Energy's transaction(s) [9/1/00] using incorrect ID (used
financial ID for physical transaction)

Tana --

Has Coral Energy's legal group been in contact with you regarding an
assignment regarding the above?

Thanks,
Griff
x35753


In case you have not seen..Marg.
---------------------- Forwarded by Margaret Carson/Corp/Enron on 03/16/2001
07:58 AM ---------------------------
From: Janel Guerrero on 03/16/2001 07:30 AM
To: Robert Frank/NA/Enron@Enron, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret
Carson/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Elizabeth
Linnell/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Ann M Schmidt/Corp/Enron@ENRON, Vance Meyer/NA/Enron@ENRON, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Derecskey/Corp/Enron@Enron,
Neil Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Ginger Dernehl/NA/Enron@Enron, Maureen
McVicker/NA/Enron@Enron, Meredith Philipp/Corp/Enron@ENRON, David W
Delainey/HOU/EES@EES, Linda Robertson/NA/Enron@ENRON, Lora
Sullivan/Corp/Enron@ENRON, aameece@quinngillespie.com, Richard
Shapiro/NA/Enron@Enron
cc:

Subject: Enron California Statewide Survey

In order to keep the polling presenation brief, I am fowarding everyone the
Executive Summary which Public Opinion Strategies is likely to focus on this
morning.

Call if you have questions. Thanks.


Gerald,

The date the 30 day public comment period started for the revised Hoe Creek
location was August 12, 2000.  We can expect to have the new permit in hand
the 2nd or 3rd week in September.

The attachment is the punchlist we discussed last night that outlines what
party is responsible for making what notification to the DEQ and when it is
required.  I have discussed this at some length with both Hanover and Radian
and all parties have bought off on this for at least the time being.

The exact status of where we are with each individual machine is still being
prepared.  This will take a little more time.  Call if any questions.  Thanks

Ken


Phillip--To the extent that we can give Chair Hoecker our spin on the reasons
for the hikes, we would like to.  The Commission is getting calls from
legislators, DOE, etc. about the prices and is going to have to provide some
response.  Better if it coincides with Enron's view and is not anti-market.
We still haven't decided what we will provide.  You definitely will be
included in that discussion once we get the numbers from accounting.  Thanks.

	From:  Phillip K Allen                           12/12/2000 12:03 PM

To: Christi L Nicolay/HOU/ECT@ECT
cc:

Subject: Talking points about California Gas market

Christy,

 I read these points and they definitely need some touch up.  I don't
understand why we need to give our commentary on  why prices are so high in
California.  This subject has already gotten so much press.

Phillip

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/12/2000
12:01 PM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 11:56 AM CST
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
cc:
Subject: Talking points about California Gas market

Here is my stab at the talking points  to be sent in to FERC along with the
gas pricing info they requested for the California markets.  Let me or
Christi know if you have any disagreements, additions, whatever.  I am
supposed to be out of here at 2:15 today, so if you have stuff to add after
that, get it to Christi.  Thanks.


John Sherriff and I are recommending Carol Hensley (VP Marketing and
Communications at Azurix) for a VP position in John,s organization.  Carol
was a director in the Enron PR group before moving to Azurix.  Her new role
would be to support EnronCredit.com.  A critical success factor for
EnronCredit.com will be to establish a strong brand in the coming months.

 In her time at Azurix, Carol has added significantly to her skills and
experience.  I spoke with John Garrison at length about Carol,s performance
at Azurix.  She has expanded her marketing services skills and provided
significant support in the investor relations arena.  Garrison relates that
the Azurix commercial leaders view Carol as a partner, informed about the
business and instrumental in handling crises and pursuing business
opportunities.

 John Sherriff and Ken Lay join me in recommending that Carol keep her VP
title as she returns to Enron.

 A copy of Carol's resume is attached.


These deals have a contact name - Don Imamura - in them now. I asked Tracy
Ngo, our credit person, about NCPA's credit status, and she said that since
they've been done, it's now a matter of risk management or damage control -
if it should even come to that. At any rate, the deals are good and now have
contact info.

Thanks,
kate

	From:  Sharen Cason                           02/08/2001 02:00 PM

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

Subject: NCPA

There are 4 deals for Northern CA Power Agency and they have wonderful notes
about confirming them together.  However, I need a contact name, and isn't
NCPA on the credit watch list?

Thanks!


RIGZONE DAILY NEWS -- TUESDAY, FEBRUARY 12, 2002
------------------------------------------------------------
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to:
   http://www.rigzone.com/newsletter_show.asp?n_id=220
------------------------------------------------------------


The January check just arrived at Chantilly. Kathy is fedexing it directly to
Cash Management for morning delivery.  The late receipt is due to the fact
that
it was addressed to the old Fairfax office and not to the Irvine CA address
requested on the invoice.   I just spoke to Robin Barbe (who checked with
their
accounting staff) and understand that Enron feels that the effort to stop the
check, and immediately execute a wire transfer would not be productive.
Regards,
Roman

Paulette Heuer
03/30/2000 11:00 AM

To:   Joan.Veselack@enron.com
cc:   Roman Bakke/EME@EME, Dick.Jenkins@enron.com, Robin.Barbe@enron.com,
      Chris.Germany@enron.com, Mark.Feldman@enron.com,
      Victor.Lamadrid@enron.com, Katherine.L.Kelly@enron.com, Leslie R.
      Shafer/EME@EME, Chereyl Spencer/EME@EME

Subject:  January OPT 60 Payment

Joan,

CALP has received the wire transfer payment for the month of February (thank
you).  However, January's check , which was mailed on March 24th, has still
not
arrived.  I have to make both a debt payment and a partner distribution on
Monday, April 3rd. Since the partners only receive distributions twice a year,
it would be helpful if CALP received Januarys payment.  Could Enron put a stop
payment on January's check and have the funds wire transferred to CALP's
account
tomorrow?  Anything you could do would be helpful.

Thanks!

Paulette


<<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
--------------------------------------------------
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

 - jgtk01!.DOC
 - RED FUELCELL AGR.DOC


FYI. I'm reviewing.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 09:13
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/18/2001 08:41:56 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Salmon Closing Checklist

 <<2XNK01!.DOC>>

Kay:

Per your request, enclosed is a current draft of the closing checklist for
the Salmon transaction.  Please advise of any comments.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)

Enclosure:  136928v1

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2XNK01!.DOC


Here is the model Teco sent us that we revised to add some of ENA's
assumptions.

Ben
3-7998


SALES AGT: JH/X5SVYU
                                                                   64487
                                          MOISAN/ANNE

  ENRON
  1400 SMITH
  ATTN: PETER X7277

  DATE:  APR 06 2000                   ENRON

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  26MAY HOUSTON        MIAMI          0332P   0651P
CO 6       Q          FRI   G.BUSH INTERCO INTERNATIONAL
                            TERMINAL C
                            /SNACK                        NON STOP
                                                          2:19 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 08C NO SMOKING CONFIRMED MOISAN/ANNE

CONTINENTAL AIRLINES  29MAY MIAMI          HOUSTON        0735P   0910P
CO 1519    Q          MON   INTERNATIONAL  G.BUSH INTERCO
                                           TERMINAL C
                                                          NON STOP
                                                          2:35 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 06D NO SMOKING CONFIRMED MOISAN/ANNE

      AIR FARE 221.40       TAX 24.60           TOTAL USD         246.00

                                        INVOICE TOTAL USD         246.00

PAYMENT: CCCA5490850070001643/1100/A004112

RESERVATION NUMBER(S)   CO/PCR8FD

MOISAN/ANNE                                TICKET:CO/ETKT 005 7007425150

CO  FREQUENT FLYER CODG721774
**CONTINENTAL RECORD LOCATOR: PCR8FD
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
ICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
NON-REFUNDABLE TICKET MINIMUM $75.00 CHANGE FEE
                  THANK YOU FOR CALLING VITOL TRAVEL

VITOL TRAVEL
1100 LOUISIANA SUITE 3230
HOUSTON TX 77002
713 759-1444


Per our conversation last Friday please prepare a CA for the two projects ECS is working on with Rusk County Electric ( RCE). As requested, the following is the info for both projects:

1) Oakhill

Location: Rusk Co., TX
Legal Entity Name:Oakhill Pipeline
Facility Name: Oakhill Pipeline's Hinkle Compressor Station
Project Description: Add 7,000 Hp to OHP's existing station.

2) Carthage

Location: Carthage, TX
Legal Entity Name: Anadarko Energy Services Company
Facility Name: Anadarko's Carthage Facility
Project Description: Add/ replace 12,000 to 15,000 Hp to Anadarko's Carthage facility.

As a recap to our conversation on Friday we want to make sure the deatails of our request for service will be held private for at least six months and preferably longer.  Give me a call at 3-4503 if you have any questions.

Thanks!
Ned


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2000
03:02 PM ---------------------------

Zimin Lu
03/31/2000 01:44 PM
To: Vince J Kaminski/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT
cc:
Subject: PPI Index Short-Term Models

---------------------- Forwarded by Zimin Lu/HOU/ECT on 03/31/2000 01:43 PM
---------------------------

Anjam Ahmad
03/21/2000 04:10 PM
To: Martina Angelova/LON/ECT@ECT, Trena McFarland/LON/ECT@ECT
cc: Dale Surbey/LON/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: PPI Index Short-Term Models

Hi Martina & Trena,

I made a few minor changes to the models...  I reckon these models can be
checked in Houston now - the raw data is included (see attached spreadsheets)
and all the regression parameters and main statistics are displayed.  I
became interested in how far DZCV and PLLU should be below RPI and whether
this model is reflecting any reversion to the RPI level; I believe that the
forecasts are accurately reflecting this.  Please see graphs below:

Both models really need our RPI curve to be linked (at the moment I have just
copied the 2.3% number forward).  Because the auto-regressive error term is
not very important, we can run the models forward with reasonable
confidence.  As I mentioned, I don't think we can really run this model more
than 12 months, in fact, I think we should run for 9-12 months and blend the
next 3-4 months out with the long-term model.

Hope I can fix the long-term ones now with some new insight!

Regards,

Anjam
x35383

PLLU:    DZCV:


Sorry about this, Victor.  I didn't even pay attention to the date.  I was
thinking this was October business.  We will definitely be able to do
somthing with this on our side and not involve the East Desk.

D

	Enron North America Corp.

	From:  Victor Lamadrid                           11/01/2000 06:34 PM

To: Jackie Young/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Clem
Cernosek/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT
cc: Cynthia Franklin/Corp/Enron@ENRON, Meredith Mitchell/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT
Subject: Re: 6/4/99 and 6/9/99 (98-0439) Enerfin TETCO

Is this date really June of 1999?  Hopefully we're not just finding out about
this?

I don't think we can even process this request.  The East Desk was not up and
running on Unify in June of 1999.  All of our pathing for June of 1999 was in
Autonoms and it's not y2K compatabile. With the volumes involved being so
small and the accuracy of the data at Enerfin in question, why don't we let
this volume hit the new OBA at Enerfin as a PPA???

I welcome your thoughts.
Victor

	From:  Cynthia Franklin @ ENRON                           11/01/2000 02:50 PM

To: Victor Lamadrid/HOU/ECT@ECT
cc:
Subject: Re: 6/4/99 and 6/9/99 (98-0439) Enerfin TETCO

Victor,
Can we go this far back? Please advise.
Cindy
---------------------- Forwarded by Cynthia Franklin/Corp/Enron on 11/01/2000
02:54 PM ---------------------------

Jackie Young@ECT
11/01/2000 11:25 AM
To: Cynthia Franklin/Corp/Enron@ENRON, Meredith Mitchell/HOU/ECT@ECT
cc: Clem Cernosek/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT

Subject: Re: 6/4/99 and 6/9/99 (98-0439) Enerfin TETCO

Cynthia/Meredith,

Can you please scroll below to my request to Daren regarding 98-0439 and see
if you can assist me w/this request?

Thanks
-Jackie-
3-9497
---------------------- Forwarded by Jackie Young/HOU/ECT on 11/01/2000 11:23
AM ---------------------------

Daren J Farmer
11/01/2000 10:16 AM
To: Jackie Young/HOU/ECT@ECT
cc:
Subject: Re: 6/4/99 and 6/9/99 (98-0439) Enerfin TETCO

Jackie,

Please get with the East Desk on this.  If they agree, we can roll the deal.

D

Jackie Young
11/01/2000 10:03 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Clem Cernosek/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT
Subject: 6/4/99 and 6/9/99 (98-0439) Enerfin TETCO

Daren,

On the above mentioned dates, there was no nomination at the Enerfin meter.

6/3/99 and 6/8/99 revealed activity for ENA (202K).  Can the deal be extended
for 6/4 (548 dec.) and 6/9 (40 dec.) to cover this flow so that Volume
Management can create an accounting arrangement for these two days?

Thanks
-Jackie-
3-9497


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2) Copies of Certificates ( Front & Back), or Account Statement

AOL Members
Click Here


This has been changed.

Thanks,
Kate

Evelyn Metoyer@ENRON
11/20/2000 07:56 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 461779

Can you please change the bottom start/end date to reflect 11/21 - 11/30.
The top start/end date shows 11/21 -  11/30 and the bottom shows 11/21 -
11/21.

Thanks!


---------------------- Forwarded by Juan Hernandez/Corp/Enron on 09/25/2000
09:26 AM ---------------------------

juan hernandez <purogallo@yahoo.com> on 09/22/2000 11:23:31 PM
To: juan.hernandez@enron.com, christina.sanchez@enron.com
cc:

Subject: Alex Hernandez at 2-day

The Hernandez Clan keeps getting larger.

__________________________________________________
Do You Yahoo!?
Send instant messages & get email alerts with Yahoo! Messenger.
http://im.yahoo.com/
 - Alexdrew.jpg
 - Myhomey.jpg
 - Family.jpg


Michael probably won't be at school tomorrow, unless he really perks up
quickly. However, I was thinking of bringing him up there to get his picture
taken, if he feels up to it.  Do you think there would be a problem with
that?  Any idea when and where I should take him?

Thanks!

Kay

713 973 6325


I called and left a message requesting two tickets for the reception...I will let you know if we get them.  I'll try and give you a call later today.  I'm not actually leaving until Thursday for the Caymans though, so if you're up for steak night etc. Wednesday night let me know.  It can't be a late night for packing reasons, but I'd like to do something.

Susan

	Enron Capital & Trade Resources Corp.  From:  "Katy Hester" <katyhester@hotmail.com>                           03/27/2001 12:26 PM

To:	Susan.M.Scott@enron.com
cc:
Subject:	Re: Any interest?

Susan,

Sounds good to me!  Let me know if you get the tickets. Call me later!  If I don't talk to you tonight, have a great time in The Caymans!!

>From: Susan.M.Scott@enron.com
>To: katyhester@hotmail.com
>Subject: Any interest?
>Date: Tue, 27 Mar 2001 09:29:51 -0600
>
>Hey Katy,
>
>I was just curious if you had any interest in attending the reception
>below. Sounds like it might be interesting to me. Drop me a line and let
>me know if it sounds like fun and I'll go ahead and get a couple of
>tickets.
>
>Talk to you soon,
>Susan
>
>
>2001 Museum of Fine Arts, Houston Corporate Partners Spring Reception,
>April 3!
>
>Be a part of the Museum of Fine Arts, Houston 2001 Corporate Partners
>Spring Reception on Tuesday, April 3 at Law building of the MFA. Enjoy
>great food donated by ARIES Restaurant and The Redwood Grill, free drinks,
>cool art, and good friends. To attend or with questions call (713)
>639-7585.
>

Get your FREE download of MSN Explorer at http://explorer.msn.com


Thanks for the memo.   Mark


Shirley,

Please schedule an interview with Konstantin on May 8.

Stinson, Zimin, Alex, Tanya, Krishna, myself.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2001
03:07 PM ---------------------------

"Konstantin N. Kudin" <kostya@rice.edu> on 05/02/2001 01:39:15 PM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: An interview

 Dear Dr. Kaminski

 We have talked earlier during your energy class at Rice about career
opportunities in risk management at Enron. If it is possible, I would like
to meet with you and people from your group next week, preferably Tuesday
(May 8). My time is flexible, I could come any time. Other days are also
fine.

 Thank you very much in advance.

 Sincerely,
 Konstantin Kudin


Please detach the attachment, combine it with the articles Gavin Dillingham
sent me and attach to an e-mail to Robert Zoellick and Irwin Stelzer with
this message from me:  Attached is some background information on the
"reregulation" crisis in California.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/09/2000 02:53
PM ---------------------------

	Enron Energy Services

	From:  Frank Wanderski                           08/09/2000 09:05 AM

To: Steven J Kean/HOU/EES@EES
cc:
Subject: California Update

Steve, I understand that you are developing a campaign for California,
considering all of media attention that has been placed on this state.  I
publish a weekly deregulation report and it contains some information that
may prove useful.  The report is attached.

Frank


Thank you.

From: Suzanne Adams@ECT on 02/07/2001 03:29 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Lee Johnson

I left him a voice mail.

	Kay Mann@ENRON
	02/07/2001 03:15 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Lee Johnson

Lee just called, and he is here, so if you haven't called him yet, please
don't.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/07/2001 03:14
PM ---------------------------

Kay Mann
02/07/2001 01:07 PM
To: Suzanne Adams/HOU/ECT@ECT
cc:

Subject: Lee Johnson

Please call Lee Johnson and tell him that one of our development lawyers,
Roger Balog, would like 2 tickets for Friday.  I hear Ben wants a ticket for
Thursday, but I assume he communicated that to Lee.  Thank him for me, but I
have my closing dinner tomorrow, and no sitter Friday.

713 803 0952

Thanks,

Kay


Start Date: 4/13/01; HourAhead hour: 4;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041304.txt


These performance reviews may push me right over the edge.

Good talking to you earlier.  Sounded like the Paul I know and admire.  You
sounded energized.  Looking forward to having you around more.

One thing.  Please don't count December out as a possible start time for the
special session.  Anything can happen.  Book your hotel room early.

Best,
Jeff


Which direction should I go on 610?

Aimee Lannou   08/16/2000 04:47 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Evacuation Plan for Houston

Evacuation Plan for Houston

  In case of a hurricane, follow the Houston Evacuation Plan:

  Hispanics use I-10 West to San Antonio
  Cajuns use I-10 East to Lafayette
  Yankees use I-45 North to Oklahoma
  Native Texans use Hwy. 290 to Austin
  Aggies use 610 Loop


Start Date: 1/7/02; HourAhead hour: 19;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010719.txt


Frank,

Sorry for a delay in responding to your message.
As you can imagine, after Jeff Skilling's resignation,
Greg Whalley will be tied up in a few additional stock analysts' presentations.

We are still planning trips to California and New Mexico that we would like to combine
and would like very much to meet and exchange opinions with you.

Please, advise me about your availability during the next 2 - 3 weeks. Hopefully, we
can reconcile our schedules and meet soon.

Vince

 -----Original Message-----
From: 	"Frank A. Wolak" <wolak@zia.stanford.edu>@ENRON [mailto:IMCEANOTES-+22Frank+20A+2E+20Wolak+22+20+3Cwolak+40zia+2Estanford+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Monday, August 06, 2001 10:26 PM
To:	Kaminski, Vince J
Subject:	Re: Trip to California

Vince,

   August 16 would work for me.  Dinner or meeting
at my office would also work.  Let me know what you'd
like to do.

Frank
At 08:16 AM 08/06/2001 -0500, you wrote:
>Frank,
>
>Greg Whalley and I are planning another trip to a California.
>The trip is most likely to take place on the 16th - 17th of August
>or a week later (23rd - 24th of August). Are you available for an
>afternoon
>meeting and / or dinner on Thursday, August 16 or August 23?
>
>We are very interested in your thoughts about the directions of the
>power
>markets across the US.
>
>Vince Kaminski
>
>
>
>
>**********************************************************************
>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.
>**********************************************************************


Commercialize your intelligence on the Edge this week.  How?  Go to the Edge
and post information that might grab someone else's interest.  That "someone
else" views your information and uses it to competitively position Enron.
It's that easy.

It's another "Big 2" week for eSpeak!
Tuesday, October 17 at 10:00 am Houston time, join Steve Hotte, vice
president and CIO of Enron Transportation Services.  Steve will conduct an
"open mike" session about technology at ETS.
Thursday, October 19 at 10:00 am Houston time, Shelly Payne, benefits
supervisor, and Sandy Huseman, senior benefits analyst, will be on eSpeak to
answer your questions about Open Enrollment.
Don't forget:  You can post your questions before either of these events on
the eSpeak site.

Cindy Olson's eSpeak on Enron's PRC process last week was very popular.  If
you'd like to continue the discussion, go to eMeet and post your comments in
the "PRC Process" category.


No problem about the book!  I'm sure it's a fun chew toy.  So it sounds like
school is keeping you busy.  Let me know when you want to talk to my friend
at Continental.
I'm so tired from work--I'm going to watch a couple of movies tonight at
home--the media room is all done with carpet, etc.  If you want to come over
and watch movies and maybe eat that would be great.  Tomorrow I have friends
in from out to town, a dinner on sunday for work, and I may be in London most
of next week...

Alma Martinez@ENRON
01/19/2001 11:31 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I forgot to mention to you that Stone (my puppy, got a hold of the book you
let me borrow.  He tore one page.  I had to put him in time-out.  He's really
sorry!