pls print for me.  thanks  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/08/2001
02:32 PM ---------------------------

"SCIENTECH IssueAlert" <IssueAlert@scientech.com> on 03/08/2001 04:57:43 AM
To:
cc:

Subject: Problems Mount for Sierra Pacific Resources, Acquisition of Portland
General Appears Uncertain

Today's IssueAlert Sponsors:

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IssueAlert for  March 8, 2001

Problems Mount for Sierra Pacific Resources,
Acquisition of Portland General Appears Uncertain

by Will McNamara
Director, Electric Industry Analysis

The probability appears to be getting smaller that Sierra Pacific Resources
(NYSE: SRP) will complete its $3.1 billion acquisition of Portland General
Electric (NYSE: PGB) from Enron (NYSE: ENE). Enron disclosed in an 8K filing
with the Securities and Exchange Commission (SEC) on Feb. 27 that the sale of
Portland General had been delayed because of "recent events" in California
and Nevada that affected Sierra Pacific. Walt Higgins, chair and CEO of
Sierra Pacific Resources, told Wall Street analysts that the acquisition
agreement will terminate if it has not closed by May 1.

Analysis: Yesterday I wrote about the apparent collapse of the merger between
Consolidated Edison and Northeast Utilities (NU). Now, another high-profile
merger appears to be unraveling. As with the Con Edison / NU deal, the
problem facing Sierra Pacific Resources' pending purchase of Portland General
from Enron is based in economics. Namely, it appears that Sierra Pacific
Resources' recent financial problems have cast doubt on the company's ability
to complete its purchase of Portland General. This is not a good development
for Sierra Pacific Resources, as the financial and legal implications of this
potentially dead acquisition could exacerbate the company's current financial
problems.

First, let me provide some background on this deal. The origin of Sierra
Pacific Resources' attempt to acquire Portland General date back to November
1999. Enron had purchased the company in 1997 as a strategic move to
facilitate its intent to play a major role in the retail markets of
California and the Pacific Northwest. At the time, Enron saw itself as a
prototype for the future of the energy industry, adding transmission and
distribution capabilities as well as more diversified fuel resources to its
already successful wholesale marketing core. Stymied by the slow start of
competition in California and Oregon, Enron underwent a transformation in its
corporate philosophy. Under the growing direction of Jeffrey Skilling, Enron
no longer believed that it needed to own hard assets to retain its place in
the top tier of energy companies. That philosophy has served Enron well, as
its success in nearly all of its business sectors has been well documented.

Yet, Enron's transformation opened the door for Sierra Pacific Resources, a
relatively small and regionally based holding company, to move in for a
purchase of Portland General. Owning Portland General made more sense for
Sierra Pacific Resources than it did for Enron. Portland General, which
provides electric service to over 700,000 customers in the Portland-Salem
area, was viewed as a good acquisition target as it would help Sierra Pacific
Resources to gain scale and a foothold in two fast-growing states (Nevada and
Oregon). Sierra Pacific Resources agreed to pay Enron $2.1 billion for
Portland General, which included $2.02 billion in cash and assumption of
Enron's $80 million merger payment obligation. In addition, Sierra Pacific
Resources agreed to assume $1 billion in Portland General debt and preferred
stock, taking the total value of the purchase to $3.1 billion. Portland
General appeared happy with the scheduled sale from Enron, acknowledging that
its own core business "delivering safe and reliable power with a customer
service focus" was more in line with Sierra Pacific Resources.

However, a number of economic factors on Sierra Pacific Resources' side of
the table seem to be thwarting this acquisition. As I discussed in the Feb.
22 IssueAlert (available at www.consultrci.com), Sierra Pacific Resources
reported a significant fourth-quarter loss ($18.2 million) as a result of
soaring costs of power in the western United States. The company incurred
losses as a direct result of "the growing and unrecovered cost of purchased
power in the volatile wholesale market." As a result, Sierra Pacific
Resources filed with state regulators for an emergency rate increase.
"Without some rate relief, the cost of fuel and power is close to crippling
our ability to serve the needs of our customers," said Mark Ruelle, the
company's chief financial officer. The company attributed the latest
quarter's loss to nearly $258 million of unanticipated fuel and purchased
power costs.

Specifically, Sierra Pacific Resources reported a 4Q 2000 loss of $18.2
million, or 23 cents a share. This compared with a profit of $26.8 million,
or 39 cents a share, excluding a $56 million deferred energy write-off a year
ago. Including the write-off, the company reported a loss of $29.2 million,
or 42 cents a share, in 4Q 1999. For year-end 2000, the company reported a
net loss of $39.8 million or 51 cents per share, a 177-percent drop from
1999.

In addition, the company's stock has fallen steadily over the last few weeks
(at one point, dropping 11.8 percent to $10.80 on the New York Stock Exchange
Feb. 7). At the close of trading on March 7, shares of Sierra Pacific
Resources were priced at $13.80, which is still down from its 52-week high of
$19.43 and book value of $17.82. The drop in stock price could make it
difficult for Sierra Pacific Resources to secure the financing necessary to
complete the purchase of Portland General.

Meanwhile, Sierra Pacific Resources' available cash flow could be impacted by
possible restrictions placed on the sale of its power plants. The Public
Utility Commission of Nevada (PUCN) mandated divestiture as a condition of
the 1999 merger between Nevada Power Co. and Sierra Pacific Power Co, which
created the holding company Sierra Pacific Resources. Toward that end, the
holding company and its wholly owned utility subsidiaries commenced a public
auction of approximately 2,900 MW of power generation facilities. Of Sierra
Pacific Resources' nine power plants, which are mostly fired by natural gas
and coal, seven have been entered into sales agreements to companies such as
Dynegy and NRG and will be sold upon final regulatory approval.

However, over the last few weeks, there has been growing concern that Nevada
regulators would not approve pending sales or authorize the sale of
additional power plants by Sierra Pacific Resources, thus preventing the
company from using the proceeds to pay for the acquisition of Portland
General. Perhaps out of fears about depleting the Nevada's power supply, the
Attorney General's Bureau of Consumer Protection, the Southern Nevada Water
Authority and the AFL-CIO have urged that the sale of the plants be delayed
or canceled. Further, Nevada Governor Kenny Guinn has called on the PUCN to
reconsider the 1999 order that required Sierra Pacific Resources to sell the
plants owned by its two utilities, Nevada Power and Sierra Pacific Power. Any
available cash that Sierra Pacific Resources was planning to use from the
power plant sales to support its acquisition of Portland General may not
materialize if the sales agreements are delayed or terminated.

Ironically, Nevada Power and Sierra Pacific Power Co. just received approval
from the PUCN to secure $1.4 billion in bank loans, bond financing and
preferred securities. However, due to agreements that the utilities
previously made, none of the borrowed money may be used, directly or
indirectly, to financially support its parent's acquisition of Portland
General.

Thus, Sierra Pacific Resources seems to be between a rock and a hard place
regarding this purchase, which it apparently still wants to complete. It
would appear that Sierra Pacific Resources will have difficulty financing the
purchase of Portland General due to the combination of its significant
financial losses, plunging stock prices and possible restrictions against the
sale of its power plants. Presumably, these are the "recent events" to which
Enron referred in its SEC filing.

It is fairly clear that Enron no longer wishes to own Portland General and
believes that the company does not fit into its strategy for continuing
growth. What remains in question, however, is what will happen if Sierra
Pacific Resources' pending acquisition is not completed by the May 1
deadline, thus terminating the sales agreement. The problems associated with
the Con Edison / NU merger are leading to litigation. One can't help but
think that lawsuits would be inevitable in the Enron / Portland General /
Sierra Pacific Resources case as well, as Enron presumably would seek to be
compensated in some way for the $3.1 billion that the deal includes.

Further complicating matters for Sierra Pacific Resources is a growing
movement to municipalize the electric markets in Las Vegas and Henderson,
Nev. On Jan. 11, the Southern Nevada Water Authority suggested that the
agency could become a public power authority. Pat Mulroy, general manager of
the water authority, recommended that the agency buy power on wholesale
markets and possibly generate electricity from some of its own power plants
to serve cities in the area. Efforts to municipalize electric systems in the
southern half of the state could potentially gain momentum if Sierra Pacific
Resources' financial problems worsen.

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

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Copyright 2001. SCIENTECH, Inc. All rights  reserved.


Paul:  Please bring this to our meeting.
Stephanie:  Please update for form changes.
----- Forwarded by Sara Shackleton/HOU/ECT on 10/02/2000 02:25 PM -----

	"Michael Stolfi" <stolfi_michael@jpmorgan.com>
	06/13/2000 02:49 PM

		 To: Susan.Flynn@enron.com
		 cc: Jeff.Nogid@enron.com, Rod.Nelson@enron.com, Sara.Shackleton@enron.com
		 Subject: Re: ISDA Master Agreement between ENA and Morgan Guaranty

Dear Susan -

As per our phone conversation of last week, attached for your review please
find
a revised draft (both clean and blacklined) of the Schedule to the ISDA Master
Agreement. The attached draft incorporates all of Morgan's comments and should
be self-explanatory. The motivation behind many of our comments was a
conscious
effort to keep the credit terms nearly identical to those already agreed to
with
other Enron entities.

Please review the attached and feel free to call, fax or e-mail me with any
questions or comments.

Sincerely yours,
Mike Stolfi
212-648-8231
212-648-5125 fax

(See attached file: Enron North America - MAS#3.doc)(See attached file: Enron
North America - MAS#3(blined).doc)

|--------+----------------------->
|        |                       |
|        |          Susan.Flynn@e|
|        |          nron.com     |
|        |                       |
|        |          05/26/00     |
|        |          10:13 AM     |
|        |                       |
|--------+----------------------->
  >--------------------------------------------------------|
  |                                                        |
  |       To:     stolfi_michael@jpmorgan.com,             |
  |       steuart_henry@jpmorgan.com                       |
  |       cc:     Jeff.Nogid@enron.com,                    |
  |       Sara.Shackleton@enron.com, Rod.Nelson@enron.com, |
  |       (bcc: Michael Stolfi)                            |
  |       Subject:     ISDA Master Agreement between ENA   |
  |       and Morgan Guaranty Trust    Company ("Morgan    |
  |       Guaranty")                                       |
  >--------------------------------------------------------|

     Attached for your review and comment is a draft of the Schedule and
Credit
Support Annex to the referenced agreement.  It is our intention to replace the
existing Master Energy Price Swap Agreement dated as of May 28, 1992 between
Enron Risk Management Services Corp. (now known as Enron North America Corp.)
and Morgan Guaranty  (the "Existing Master Agreement") with the ISDA Master
Agreement.   Under the exisiting Master Agreement, Enron Corp. executed a
$50,000,000  Guaranty in favor of  Morgan Guaranty. The draft ISDA Master
Agreement includes our updated form of Guaranty.  We can either amend the
exisiting form of Guaranty or amend and restate the exisiting Guaranty with
our
updated form of Guaranty.

     Should you have any questions or comments, please  call either Sara
Shackleton (attorney) at (713) 853-5620 (email address:
sara.Shackleton@enron.com) or me (paralegal) at (713) 853-0975 (email address:
susan.flynn@enron.com).   We look forward to hearing from you.

(See attached file: 181ctr.doc)

 - 181ctr.doc
 - Enron North America - MAS#3.doc
 - Enron North America - MAS#3(blined).doc


Christian-

   I was thinking that your expertise in GrADS and GRIB formats will help
Enron to obtain
a competitive edge over our competitors.  Development of the GrADS
visualization tool
will allow our international offices to obtain the MRF (Medium Range Forecast
Model)data first,
without being dependant of Internet sources.  Additionally, I think that we
could obtain
MRF Ensemble Data via the same sources as well.

  Can we include in the agenda the development of these tools?

Jose Marquez


Bruce did give us project cost numbers and I will have him e-mail them to
you.  Also, you and I already went through the project eval. form on USEC.
Tom and I were trying to get numbers by Wednesday, but give me a call once
you get the project cost numbers.  Thanks for your help with this project.
Ben


Friends: I am sharing this with you on a confidential basis. Scott has been
heading up the OECD competitive studies group producing studies on the level
of competition in various nations. He is a US citizen and worked at OMB
before joining the OECD staff in Paris. I will be meeting with him but wonder
if you may have an interest in Scott. Joe
---------------------- Forwarded by Joe Hillings/Corp/Enron on 08/07/2000
06:53 AM ---------------------------

Scott.JACOBS@oecd.org on 08/07/2000 06:39:21 AM
To: jhillin@enron.com
cc:

Subject: Personal and confidential

Dear Joe,

 I am writing to ask if we might meet for an hour in Washington
during the days of 9-11 August or 16-18 August. I am exploring options for
my post-OECD career, and I would like your advice.

 As you know, I have led the OECD's program on regulatory reform for
several years. The OECD program has developed into one of the most
influential programmes on regulatory reform among the world's international
organisations. It is now time for me to consider what is next.

 One possibility I am considering among others is launching an
international consulting firm on market, regulatory, and governance reforms.
Such a firm could provide two kinds of analysis and policy advice: 1)
assessments of the impacts of market and policy reforms on market
opportunities and development, both economy-wide and in selected sectors;
and 2) advice on how to design regulatory and related policy and
institutional reforms to improve the policy environment for private sector
growth and investment and to comply with evolving international norms of
good governance.

 After working on regulatory reform in many countries, I am convinced
that businesses and investors need a better understanding of the real
impacts of government policies on market opportunities and development.
Better information on policy risks can have value in determining the timing
and strategy of business development to maximize returns on capital and in
developing more effective strategies to minimize risks. Governments, too,
need better information on how their decisions will affect markets.

 It would be extremely valuable to hear your views, in your personal
capacity, as to the kind of services that such a firm might offer to meet
the needs of international corporate clients. For example, it is not clear
to me how to balance between a sector focus and a country focus - investment
strategies are increasingly sector-based and global, rather than
country-based. The market is growing for information and analysis of
changing market opportunities as regional and global markets become more
integrated, as competition becomes fiercer, and as structural and governance
reforms speed up. A conversation with you would help me to better understand
client needs in the competitive market for information.

 Of course, any thoughts you might have as to opportunities I should
explore would be welcome.

All the best,

Scott H. Jacobs

Scott H. Jacobs
Head of Programme on Regulatory Reform
PUMA/OECD


Please see attached.

Call me if you have any questions.

Ken Powers
(402) 398-7065


I am unaware of any physical trading constraints relating to doing business
with a cooperative.  We have been doing business with such entities for
years.  Can he be more specific about where the restriction is concerning
financial trading for a coop.

	Stacy E Dickson
	06/08/2001 03:13 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: National Oil & Gas Coop

Do you know the answer to this?

----- Forwarded by Stacy E Dickson/HOU/ECT on 06/08/2001 03:12 PM -----

	Darren Vanek/ENRON@enronXgate
	06/08/2001 12:58 PM

		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc:
		 Subject: National Oil & Gas Coop

Stacy,
 I am trying to assess credit for a new customer, National Gas & Oil
Cooperative. I know that there are certain restrictions for financial trading
with COOPs, but I am unaware if any restrictions exist for physical gas. Can
you please let me know if there is any additional information that we need to
obtain before granting credit to this company?

Thanks

Darren Vanek
Risk Assessment and Control
713-853-1436


most bullish thing at this point is moving closer to everyone's
psychological $4 price target and that everybody and their dog is still
short.  next sellers need to be from producer community.  saw a little this
week with williams hedging the barrett transaction but wouldnt say thats
indicative of the rest of the e&p community.  short covering rallies will
get more common here.  velocity of move down has slowed significantly for
good (except maybe in bid week).  my concern is if we go to $4 and people
want to cover some shorts, who's selling it to them?  might feel a lot like
it did when we were trying to break $5.


Vince,

 I spoke with Susan Wood, who heads up our emissions marketing effort who
says we don't really have any materials we send out. She did recommend the
Emissions trading handbook which can be purchased for $50 from
http://www.etei.org/handbook_changed.htm.

 In general, the site http://www.etei.org/ is a great source of info, and the
the parent site, http://www.emissions.org should be checked out as well. If
you'd like me to purchase the handbook (it will take three weeks) let me know.

Joe

Vince J Kaminski
12/16/99 08:15 AM
To: Joseph Hrgovcic/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Emission trading

Joe,

Do we have any materials about it?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/16/99
08:14 AM ---------------------------

Adam Brulinski
12/14/99 08:22 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Emission trading

Thank you in advance.

Let me just mention that the issue is quite urgent so I would appreciate if I
could get sth ASAP.

Adam

Vince J Kaminski
99-12-14 15:24
To: Adam Brulinski/WAR/ECT@ECT
cc:
Subject: Re: Emission trading

Adam,

Let me gather some information for you.

Vince

Adam Brulinski
12/14/99 08:08 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Emission trading

Szanowny Panie,

Chcielibysmy zaczac propagowac w Polsce idee handlu prawami do emisji
zanieczyszczen. Dlatego tez prosilbym o przeslanie, najlepiej droga emailowa
materialow dotyczacych tej koncepji - glownie chodzi mi o strone
"merytoryczna".

Z powazaniem,

Adam Brulinski


no, dont know, call Ricky 281-820-8205, is that deseal price to high

-----Original Message-----
From: Eugene Connors, Eugene [mailto:EConnors@mail.mainland.cc.tx.us]
Sent: Thursday, January 10, 2002 2:58 PM
To: Parks, Joe
Subject: RE: Re: Engine Prices

Joe,

The guys who teach auto for us said that if I do have to go with gas,
that the 502 is a much "healthier" engine than the 454.  Any idea of the
cost of 502's?

Thanks

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Thursday, January 10, 2002 2:38 PM
To: Eugene Connors, Eugene
Subject: FW: Re: Engine Prices

-----Original Message-----
From: Landmark Chevrolet Parts [mailto:parts@landmarkchevrolet.com]
Sent: Thursday, January 10, 2002 2:32 PM
To: Parks, Joe
Subject: FW: Re: Engine Prices

-----Original Message-----
From: Landmark Chevrolet Parts [mailto:parts@landmarkchevrolet.com]
Sent: Wednesday, January 09, 2002 5:52 PM
To: jparks@houston
Subject: Re: Engine Prices

Diesel Engine  $ 6275.00

454 Engine  $ 3350.00

These are your cost.

Rick Darnell

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


Please see the attached credit terms to be included within a confirmation for
this customer.  An existing Master Agreement was executed with ENA, but the
customer has MAC'd.  In order to get a deal approved by credit, the customer
has agreed to provide a $3.95MM LC upfront, to secure any potental credit
risk associated with a possible termination event.

Thanks
brant


The most recent version per my discussion with Michael last night.

 -----Original Message-----
From:  Brown, Kortney
Sent: Tuesday, June 26, 2001 7:59 PM
To: Tribolet, Michael
Cc: Soo, Jeffrey A.
Subject: Core/Non-Core Analysis

Per our discussion, the updates to the core/non-core analysis - this includes
the payment for the $1.045 pro-rata to PGE, SCE, & SDG&E and then divided
between core and non-core based upon the 75%/25% 20kW and above break-out.
Please review and let me know if we need to do any further updates.


No, not that I know of.  I've never met the western Fossum, but I do know the
guys who own Western Hub pretty well--John Strom and Larry Bickle.  If we
have any interest in this project or other merchant storage in California,
these are the guys to deal with as they have mapped about 90% of the state
looking for salt or other storage plays.

ET & S Business Intelligence
From: Lorna Brennan on 02/28/2000 02:50 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Lee
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON
cc:
Subject: California Storage

Drew, a relative of yours?

CA Merchant Storage Plant Passes Major Test

     California regulators Thursday released a final environmental impact
report for the
     state's second merchant underground natural gas storage project in the
Sacramento
     Valley of northern California. Absent new opposition from surrounding
landowners,
     Texas-based Western Hub Properties hopes to have its $80 million storage
project
     operating by the end of this year, following a year's delay in the
approval process for
     environmental review.

     Western Hub is also pursuing a similar-sized underground storage project
in Texas and
     it has identified a site for a second California storage operation in
the Bakersfield area,
     according to Jim Fossum, Western's California operations manager.

     Final approval of the Lodi Gas Storage Project located south of
Sacramento should
     come in May, Fossum said, meaning that construction could begin this
summer and be
     operational before the end of the year. "We see the environmental report
as the 'light at
     the end of the tunnel'," Fossum said.

     Under California's environmental review process (CEQA), the California
Public Utilities
     Commission (CPUC) prepared a draft environmental report (EIR)
identifying the
     project's environmental impacts and mitigation measures. The draft then
was circulated
     to appropriate public agencies and the general public for comment before
the final
     report can be issued. Three public hearings on the draft report were
held by the CPUC
     last October.

     Under the CPUC's procedures, a proposed decision from the administrative
law judge
     for the case is due by mid-March, after which there is a 30-day period
before the
     project can come before the five-member commission for a final decision,
a CPUC
     spokesperson said.

     "We hope to be on-line, and that is 'hope', this year because we already
have our
     compressors and pipe, so it is just a matter of getting crews there and
that can go pretty
     quickly," Fossum said. "In the best of all worlds it would be this year;
in the worst case,
     it would be a year from now."

     Western Hub has some of its customers lined up, and it is in current
discussions with
     others, said Fossum, declining for competitive reasons to even identify
the types of
     customers, although they are expected to be large shippers, marketers,
power plant
     operators and other large industrial customers.

     The Lodi project is designed for full operation as having a 12 Bcf
working capacity,
     with 400 MMcf/d injection and 500 MMcf/d withdrawal capacities. It will
be
     connected to Pacific Gas and Electric Co.'s backbone transmission system
through a
     35-mile pipeline consisting of three miles of 30-inch-diameter and 32
miles of
     24-inch-diameter pipe. During the past year's delay in start-up, Western
has "moved
     the pipeline around a bit, but not a whole lot," Fossum said. "to make
accommodations
     to nearby farmers."

     Western Hub's similar-sized Texas project is south of San Antonio and
would be
     connected with three natural gas transmission systems in the area:
Houston Pipeline,
     PG&E --- Texas (bought recently by El Paso) and the City of San Antonio.
"We
     expect to have it on-line the same time as Lodi," Fossum said.

     Fossum said Western is "moving ahead" with a second California site in
the Bakersfield
     area, but he declined to give any further details, noting Western Hub
expects to have
     more definitive information next month. He did say that if a second
California project
     moves ahead, Western expects to have it operational by early 2002.

     Unlike northern California, storage in the Bakersfield area would not
have to connect
     with the local utility transmission system of Southern California Gas.
The combined
     Kern River/ Mojave interstate pipeline also comes into the area.


The place (outside) is a mess and needs some clean-up (e.g., get all that old
wood out of the front yard, whack down the weeds).  Possible for you guys to
come up next Wednesday night and we can do a quick clean up on Thursday.  I'm
going to try to hire a hauling company to help us and haul it away.  If
Cameron has to work are you available?

Best,
Jeff


While incentivizing the deal may be helpful from a business perspective, I'm
not sure it will do much with the timing at the SEC.  As you know, there are
two major issues: (i) the integration, which we believe we have more or less
under control, and (ii) the capital structure of the resulting system, which
is dependent in the first instance on the timing of the Sierra auction.

The cap structure is a very serious issue.  There is a perception on the part
of the staff that Sierra is significantly overextended.  As you know, the SEC
generally requires registered holding companies to maintain a minimum of 30%
common equity.  Currently, the best that Sierra can offer is that they will
be at 20.8% common equity at closing, with a representation that Sierra will
increase its consolidated common equity to approximately 29 percent as a
result of: (a) proceeds from the sale of generating assets of Sierra Pacific
and Nevada Power aggregating approximately $1 billion, 100 percent of which
will reduce debt of the consolidated company; (b) proceeds from divestiture
of non-core assets, or some combination of common equity and divestiture of
non-core assets, which together would be approximately equivalent to the
issuance of $260 million in terms of impact on Sierra Pacific's equity ratio;
(c) issuance of up to $600 million of hybrid securities; and (d) increased
retained earnings realized from the combined operations of Sierra and PGE
aggregating approximately $80 million in 2000 and $100 million in 2001.

In other matters, the SEC staff has indicated that it would give "credit"
toward equity capitalization if the company has executed definitive
agreements for sale of the subject assets.  What is the status of the Sierra
auction, and how quickly will they have signed agreements?

Concerning state issues and the intervenorts, Steve Oldham and the folks from
Skadden are meeting with the GC of the Nevada Commission (at his request)
next week to clean up the Nevada issues so I don't think that will be a
problem.

What remains is the monkey wrench intervenors throw into any 1935 Act
proceeding.  Regardless of how successful we are on the above issues, the
presence of the California intervenors means that the matter must be
presented to the full SEC for consideration.  Because of the delays inherent
in that process, we will need all FERC and state issues resolved by
September, or early October at the latest, in order to have a realistic
chance at a year-end order.

The only other thing that might prove helpful would be a price escalation
provision so we could tell the SEC that there is a significant cost
associated with their failure to act in FY 2000.  There are a number of
concerns with this approach: among other things, we would have to explain to
the SEC why we're inserting it now.

I realize this is a bit long-winded but it seems we're getting close to our
last best shot at year end and I'd think we'd want to plan our strategy
carefully.

Best,

Joanne

>>> <Dwight.Larson@enron.com> 08/16/00 10:20AM >>>
A meeting with Walt Higgins has been scheduled for Thursday in Las
Vegas and attendees from Enron will be Mark, Mitch and Steve.  The
discussions will probably be more global than specific, however I'ld like
everyone to forward to me their wish list  of items so I can summarize them
for Mark prior to their meeting.  I'ld also appreciate input from everyone
on the impact of amending the stock purchase agreement ( i.e. incorporating
some incentive type payment if the deal closes this year) and the
sensitivity to the timing of that amendment. What is the impact if it is
done 1) prior to OPUC settlement, 2) prior to the Oregon Commission ruling,
or 3) before or after the FERC addresses our filing.
After collecting peoples input, I'll circulate the summary this
afternoon.
Paul , could you please forward this to Mike Morgan - I didn't have
his e-mail address.
thanks
dwight


The email just sent mentioned that SDG&E stated that the ALJ Ruling was
inappropriately applied to SDG&E.? The utility filed an Emergency Ex  Parte
Request to Commissioner Neeper requesting that they?should be
excluded?because:

"1)?SDG&E is not in the same financial situation as SCE and  PG&E, nor has it
asked the Commission in this docket to make any findings  regarding its
financial situation; furthermore, SDG&E is not subject to the  same
regulatory environment as PG&E and SCE;
2)?SDG&E has not  asked for the relief those utilities are requesting, nor
any affirmative relief  in this docket; and
3)?The SCE and PG&E emergency petitions seek a  legal interpretation of
Public Utilities Code Sections 367(a) and 368(a).?  Factual information from
SDG&E is simply irrelevant to the Commission,s  legal interpretation of
statute.? Rehearing regarding the Commission,s  interpretation of those
statutes has already been denied.? SDG&E did  not seek rehearing of the CPUC,
s legal conclusions, nor has it joined in  PG&E and SCE,s petitions now."
?
A thought occurs to me......is there anything to be gained with SDG&E  by
having?WPTF file in support of their ex parte request and agree that  SDG&E
should not be subject to the information request?
?
Dan


I'm worrying again about summer.  Maybe we should check out the Y on Voss to
see what they have, if anything.  What do you think?

ckm


looks great


To all,

Everyone should have received an email this morning from Catherine
McKalip-Thompson outlining relevant stakeholder entities for each Enron
business unit.  In addition, the attached third document identifies the logic
used by different companies to align themselves with various principles.
Please read these before the meeting.  I am also assuming that everyone has
read the packet that contained the various articles defining existing
principles established.

Based on that preparation,  I would like the agenda of the meeting to be as
follows :

I.  Key Stakeholder Groups
 - Have all relevant stakeholder groups been identified?
 - Should some groups be deleted?

II. Environics Role
 - Will take our stakeholder groups and identify relevant entities to
represent those categories
 - Set up meeting to discuss sample questions
  - Catherine attached the Environics Stakeholder Perception Survey

III. Principles / Codes of Conduct
 - Identify Favorites
 -Discuss Weaknesses of Most Popular Choice
 - Discuss  Notes from GEMI Session

Thank you for your time.  If you wish to contact me prior to the meeting,
please reach me at 713-853-1931.

Regards,

Jean Mrha


Start Date: 10/22/01; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102220.txt

Error retrieving HourAhead price data - process continuing...


love to help, cant' be at the meeting.

Jeff

Misha Siegel@ENRON
10/03/2000 06:23 PM
To: Carolyn Cooney/Corp/Enron@ENRON, Sarah A Davis/HOU/ECT@ECT, Karen
Denne/Corp/Enron@ENRON, Terrie James/Enron Communications@Enron
Communications, Shelly Jones/HOU/ECT@ECT, Elyse Kalmans/Corp/Enron@ENRON,
Peggy Mahoney/HOU/EES@EES, Karen Marshall/HOU/ECT@ECT, Charla
Reese/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carrie A Robert/NA/Enron@Enron,
Celeste Roberts/HOU/ECT@ECT, Alexandra Saler/HOU/EES@EES, Laura
Schwartz/Corp/Enron@Enron, Ryan Seleznov/Corp/Enron@Enron, Jeffrey A
Shankman/HOU/ECT@ECT, Gina Taylor/OTS/Enron@Enron, Charla
Stuart/Corp/Enron@ENRON
cc: Cindy Olson/Corp/Enron@ENRON
Subject: Star Wars Steering Committee

Enron is the major underwriter of a very unique and INNOVATIVE exhibit at the
Museum of Fine Arts ... Star Wars:  The Magic of Myth.   It will be on
display from March 11 - June 24, 2001 and we're really excited about it!  We
know that there are going to be a variety of ways to involve the business
units, employees and our external customers, and therefore we are asking you
to participate on a steering committee to make sure that we leverage this to
Enron's maximum potential.   Your expertise is needed!

Our kick-off meeting will be Monday, October 16th at 3 p.m.  in 4C2.  I will
explain the exhibit in further detail at that time.  Please let me know if
you are able to attend.  Cookies will be served ...

Thanks in advance for your help in what I am certain will be a fantastic
collaboration between Enron and the Museum of Fine Arts!

Misha
3-7682


OK.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 06/01/2000
07:59 AM ---------------------------

JANET CONES
05/31/2000 03:47 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Susan Scotts Expense Report

I have the copy with the receipts if you want to see it when you are here in
Houston.


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I just spoke with Mary to make sure we have the same information.  Here are
the facts we have so far.  On November 4th, the CPUC filed a motion with
FERC to adopt the form of protective order that the CPUC entered, to compel
the production of documents and to shorten time to answer.  According to
Exhibit B (read to me by Nancy Pickover at Bracewell) the following CPUC
moved against the following entities:  AES, Williams, Duke, Dynegy, Reliant
and Southern.  Enron entities were NOT named in exhibit B.  This is not to
say that we could not be easily added to the group.  While the motion reads
as if the CPUC was moving against everybody, in fact, in footnote 2 they
state they are only moving against the entities named in Exhibit B.  We will
have Exhibit B in hand first thing tomorrow via FEDEX to confirm this.  To
repeat, Enron is not named yet.

Thanks
Gary

-----Original Message-----
From: Mary.Hain@enron.com [mailto:Mary.Hain@enron.com]
Sent: Tuesday, November 07, 2000 6:23 PM
To: dwatkiss@bracepatt.com; Susan.J.Mara@enron.com;
Richard.B.Sanders@enron.com; James.D.Steffes@enron.com;
Christian.Yoder@enron.com; Jeff.Dasovich@enron.com; mday@gmssr.com;
gfergus@brobeck.com; rcarroll@bracepatt.com; Alan.Comnes@enron.com;
Joe.Hartsoe@enron.com; Sarah.Novosel@enron.com
Cc: Tim.Belden@enron.com; Lysa.Akin@enron.com
Subject: Important - CPUC Motion - Confidential Attorney Client
Privilege and Work Product

As you may already know, the CPUC filed a motion at FERC asking for a
protective order and to compel production of the information they subpoened
from us in the CPUC's OII case.  Given the timing, we should discuss this
on our conference call scheduled for tomorrow.

They request that we be required:
to answer their motion on Thursday,
to provide the information within 5 working days of a FERC ordering
production, and
to provide of P&L information and spread sheets detailing our deals,
specifically delivery point, delivery date, counterparty, volume and
price.

We may not have a problem providing this information for use by FERC in its
proceeding subject to a confidentiality agreement but I think we would
oppose their requests for:
the information to be provided for "government eyes only" -  this would
prohibit EPMI from defending itself vis-a-vis other market participants.
a FERC confidentiality order that would could allow FERC to "share" this
information with the CPUC (for purposes of the PUC's OII proceeding)
pursuant to 16 U.S.C. 824h(c).  16 USC 824g(c) requires the Commission
to make information available to state commissions as may be of
assistance in state regulation of public utilities.  We should argue
that 16 USC 824h(c) does not apply here given that we are not a public
utility nor does the PUC regulate how much market power wholesale
marketers exercise or the level of market power mitigation (these are
the bases the PUC provides for explaining why it should have this
information.)
the above contractual information to allow them to analyze the
competitiveness of the forward market to evaluate the wisdom of the
Commission's  decision to allow the UDC's "unfettered access" to the
forwards market.  This argument is unpersuasive given that the CPUC can
get information about the competitiveness of the forward markets from
the Wall Street Journal's listing of NYMEX prices.

=======================================================
This email message is for the sole use of the intended recipient(s) and may
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-----Original Message-----
From: 	General Announcement/Corp/Enron@ENRON   On Behalf Of Enron Property and Services Corp.@ENRON
Sent:	Monday, December 17, 2001 4:13 PM
To:	All - Enron Houston@ENRON
Subject:	Office Supplies

To make use of office supplies that have been left at vacated workspaces, Enron Property and Services Corp is asking for your assistance.  EPSC will remove extra supplies from identified areas and place in a central location where they may be utilized by everyone.

Please identify areas in your business units that have been vacated and can be checked by EPSC.  Once areas have been idenitified please call the Help Desk at x36300, option 2.

To obtain office supplies that have been accumulated by EPSC, please email your needs to the following address:
Facilities Help Desk 1.
You will be contacted about available items. If you have any questions please call Richard Hensch at x35522.


Lawyer Dago:

Got your card on Friday and it made my weekend!  I'm glad I could help out.  We definitely need to get together soon.  I've had an awful summer.  My mom died in July.  My car flooded in June.  Mike's mom died in June.  Can't think of a reason to be gloomy so I can't wait to see you for lunch.  I'll stay in touch!  Sara

 -----Original Message-----
From: 	pkdaigle@neosoft.com (Lawyer Dago)@ENRON [mailto:IMCEANOTES-pkdaigle+40neosoft+2Ecom+20+28Lawyer+20Dago+29+40ENRON@ENRON.com]
Sent:	Friday, September 21, 2001 3:17 PM
To:	sara.shackleton@enron.com (Sara Shackleton)
Subject:	A Big Thanks! - from Lawyer Dago

Hello! Lawyer Dago has just sent you a greeting card from Bluemountain.com.

You can pick up your personal message here:

http://www2.bluemountain.com/cards/boxb226699k5/4wryhx9t54kvur.html

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Ken, as a reminder, can we set up a meeting with the young American Indian
man that I met and spoke with at the Holocaust Museum Houston - The Human
Race Open House on 8/5/99?

If so, let's do it over lunch as I know he has a 15 min. video to show us.
Also, I'd like to include Cindy and whomever else you wish.

    Larwence Sampson (this is how he wrote his name down)
        Cell phone        -    281/932-5145
        Home phone     -    713/686-5781

Please advise.  Love, L.
 - att1.htm


Aha!  Sorry I didn't remember sooner that Taffy sent it to me electronically.  Anyway, this should make things much easier.  Please let me know if you need anything else, I'll keep you posted on the bids.  By the way, does Enron have a preferred form of payment?  Oxy wanted to know if we wanted cash or check (?!?).  Isn't a wire transfer what we usually do?

 -----Original Message-----
From: 	Milligan, Taffy
Sent:	Monday, June 04, 2001 5:27 PM
To:	Rainer, Eva
Cc:	White, Ann Elizabeth
Subject:	Cash Sale - Napoleonville - Texas Brine

Per your request.

Taffy Milligan
Sr. Admin Assistant
EWS-Legal
Tele: 713-345-7373
Fax:  713-646-6058


We have some files in an empty cubicle that kinda look like global contract
files.  They have global contract sheets and numbers attached to the front of
the documents in the files.  If they belong to anyone in your group they need
to be claimed now, because we are doing a cubicle restructuring this weekend
and those files will be moved and if unclaimed eventually gotten rid of.  Can
you have someone come


The Resolution desk has given me the password.   However,  George was not set up in deal blotter under North America,  East Region.   I have since submitted another E-request for George.   The reason is,   he cannot log onto blotter or create deals under his name.
Can you watch out for this?

JMF

 -----Original Message-----
From: 	Crooks, William
Sent:	Monday, October 22, 2001 1:08 PM
To:	Forney, John M.
Subject:	George Phillips

John:

	The user ID was apparently set to GPHILLIP  The password should be the same.  If that does not work, please let me know.

Regards,
Bill x53492


direct, are we?

	From:  Ami Chokshi @ ENRON                           01/13/2000 10:59 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: platitudes

are you flirting with me?

a

	From:  Eric Bass @ ECT                           01/13/2000 10:23 AM

To: Ami Chokshi/Corp/Enron@ENRON
cc:

Subject: Re: platitudes

You hated that e-mail didn't you?  Miss Sarcasm!

e

	From:  Ami Chokshi @ ENRON                           01/13/2000 10:14 AM

To: "Yunakov, Chris" <CYunakov@coral-energy.com>, ETrainor@DePelchin.org,
keri.steward@ac.com, aparikh98@juno.com, Eric Bass/HOU/ECT@ECT,
brooke-doyle@excite.com
cc:
Subject: platitudes

-

    1.Do not walk behind me, for I may not lead.  Do not walk ahead of me,
for I may not follow. Do not walk beside me, either. Just leave me the hell
alone.

    2.The journey of a thousand miles begins with a broken fan belt and a
leaky tire.

    3.It's always darkest before dawn. So if you're going to steal the
neighbor's newspaper, that's the time to do it.

    4.Sex is like air; it's not important unless you aren't getting any.

    5.We are born naked, wet, and hungry. Then things get worse.

    6.No one is listening until you make a mistake.

    7.Always remember you're unique, just like everyone else.

    8.Never test the depth of the water with both feet.

    9.It may be that your sole purpose in life is simply to serve as a
warning to others.

    10.It is far more impressive when others discover your good qualities
without your help.

    11.If you think nobody cares if you're alive, try missing a couple of car
payments.

    12.If you tell the truth you don't have to remember anything.

    13.If you lend someone $20, and never see that person again;it was
probably worth it.

    14.Give a man a fish and he will eat for a day.  Teach him how to fish,
and he will sit in a  boat and drink beer all day.

    15.If you drink, don't park. Accidents cause people.

    16.Some days you are the bug, some days you are the windshield.

    17.Don't worry, it only seems kinky the first time.

    18.If at first you don't succeed,  skydiving is not for you.

    19.Don't squat with your spurs on.

    20.Good judgment comes from bad experience and a lot of that comes from
bad judgment.

    21.The quickest way to double your money is to hold it in half and put it
back  in your pocket.

    22.Timing has an awful lot to do with the outcome of a raindance.

    23.A closed mouth gathers no foot.

    24.Duct tape is like the force, it has a light side and a dark side and
it holds the universe together.

    25.Eagles may soar, but weasels don't get sucked into jet engines.

    26.There are two theories to arguing with women. Neither one works.

    27.Never miss a good chance to shut up.

    28.Generally speaking, you aren't learning much when your mouth is moving.

    29.Before you criticize someone, you should walk a mile in their shoes.
That way, when you criticize them, you're a mile away and you have their
shoes.

    30.Experience is something you don't get until just after you need it.

    31.Don't be irreplaceable; if you can't be replaced,  you can't be
promoted.


Group,

When doing an import or an export from California there are a few important
guidelines to remember.

IMPORT-This must be FIRM.  A firm import is required so that we provide the
spinning reserves to California (we do this by buying firm energy for the
import).  If the import is non-firm, California will charge us their price
for spinning reserve margins.  This could easily be $400 per mw come this
summer.

EXPORT-This must be NON-FIRM.  A non-firm export allows us to provide
spinning reserves to our bilat trading partners (or to simply sell the energy
without spinning reserves as "non-firm"), and NOT have to pay the California
price for spinning reserve margins.  Conversely if we do a firm export, we
would have to pay for California to supply spinning reserves.  And because
California will sometime use actual purchased energy for spinning reserves,
this could easily be $400 per mw this summer.
California has also proposed cutting firm exports this summer, so a "firm"
export does not imply that the energy would actually be exported anymore than
nonfirm.

IF you have other questions.  Please let me know.

Thanks,
Bill


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/10/2000
12:55 PM ---------------------------

"SOCORRO HERNANDEZ" <SUHERNAN@LLGM.COM> on 08/09/2000 12:41:34 PM
To: <Judy.Hernandez@enron.com>, <irenepepe@hotmail.com>,
<silviamanzanales@hotmail.com>, <Rbobo@iservco.com>, "A. SUE
GONZALES-GUEVARA" <AGUEVARA@LLGM.COM>, "ANDREW KEITH DAW" <AKDAW@LLGM.COM>,
"Barbara Monte" <BMONTE@LLGM.COM>, "CATHERINE BROWN" <CLBROWN@LLGM.COM>,
"CLAUDIA MARTINEZ" <CMARTINE@LLGM.COM>, "ELIZABETH TRUJILLO"
<ETRUJILL@LLGM.COM>, "HERBERT NORMAN" <HNORMAN@LLGM.COM>, "JESSICA VEGA"
<JVEGA@LLGM.COM>, "KAREN MADDREY" <KMADDREY@LLGM.COM>, "KATHY MARIE MOORE"
<KMOORE@LLGM.COM>, "MARIA THOMPSON" <MTHOMPSO@LLGM.COM>, "RICHARD WAYNE
JONES" <RWJONES@LLGM.COM>, "SANDRA ARRIAGA" <SARRIAGA@LLGM.COM>, "VIVIAN
FARRELL" <VFARRELL@LLGM.COM>, <jh306@netzero.net>, <Maria.Soliz@ppfa.org>,
<bburrell@tmh.tmc.edu>
cc:
Subject: The Tree

This is a nice story, I hope you enjoy it.

> > A long time ago, there was a huge apple tree.  A little boy loved to
> > come and play around it everyday. He climbed to the tree top, ate the
> > apples, took a nap under the shadow... He loved the tree and the tree
> > loved to play with him.
> > Time went by... the little boy had grown up and he no longer played
> > around the tree everyday.  One day, the boy came back to the tree and
> > he looked sad. "Come and play with me," the tree asked the boy.
> > "I am no longer a kid, I don't play around trees anymore." The boy
> > replied, "I want toys. I need money to buy them."
> > "Sorry, but I don't have money...but you can pick all my apples and
> > sell them.  So, you will have money."  The boy was so excited.  He
> > grabbed all the apples on the tree and left happily.  The boy never
> > came back after he picked the apples.  The tree was sad.
> > One day, the boy returned and the tree was so excited. "Come and
> > play with me" the tree said. "I don't have time to play.  I have to
> > work for family. We need a house for shelter. Can you help me?"
> > "Sorry, but I don't have a house. But you can chop off my branches
> > to build your house." So the boy cut all the branches of the tree
> > and left happily. The tree was glad to see him happy but the boy
> > never came back since then. The tree was again lonely and sad.
> > One hot summer day, the boy returned and the tree was delighted.
> > "Come and play with me!" the tree said. "I am sad and getting old." the >
> boy replied.  I want to go sailing to relax myself. Can you give me a
> > boat?"
> > "Use my trunk to build your boat. You can sail far away and be happy."
> > So the boy cut the tree trunk to make a boat. He went sailing and
> > never showed up for a long time.
> > Finally, the boy returned after he left for so many years.
> > "Sorry, my boy. But I don't have anything for you anymore. No more
> > apples for you..." the tree said. "I don't have teeth to bite" the boy
> > replied.
> > "No more trunk for you to climb on"
> > "I am too old for that now" the boy said.
> > "I really can't give you anything ... the only thing left is my dying
> > roots" the tree said with tears.
> > "I don't need much now, just a place to rest. I am tired after all
> > these years." The boy replied.
> > "Good! Old tree roots is the best place to lean on and rest.  Come,
> > Come sit down with me and rest."
> > The boy sat down and the tree was glad and smiled, with tears.......> >

> > This is a story of everyone. The tree is our parent.
> > When we were young, we loved to play with Mom and Dad...  When we
> > grew up, we left them..only came to them when we needed something
> > or when we are in trouble.
> > No matter what, parents will always be there and give everything they
> > can to make you happy.  You may think the boy is cruel to the tree
> > but that's how all of us are treating our parent.
> > Please enlighten all you friends by forward this mail> to them.  And
> > love your parents. And tell your kids.
> >> > Hope it means something to u!
>>
________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


To: Mike Terraso

cc: Jeff Keeler
 Steve Kean
Linda Robertson
 Catherine McKalip-Thompson

From:   Lisa Jacobson

Re: White House Climate Change Task Force

Date:   April 16, 2001

Per your request, here is some preliminary information on the
Administration's climate change task force.  First, there is a White House
climate change task force and it has met at least twice already.  It is
coordinated by the Domestic Policy Council and the National Economic
Council.  Emphasis during the first meetings has been on procedure, education
and review of the key issues.

The task force facilitates the Administration,s ongoing "cabinet level
review" on climate change policy.  They are aiming for as high a level of
participation as possible, but acting and deputy assistant secretaries have
also been attending.  White House staff is being very tight-lipped about the
task force discussions due to political sensitivities and fears of media
leaks.

The task force will solicit input from outside stakeholders (scientists,
industry and environmental groups), but as I understand it, participation on
the task force is limited to government officials.

The task force is set to meet frequently - possibly weekly - over the next
six weeks.  I have heard different descriptions of its objectives.  Some have
said its goal is to develop broad principles, procedures and a strategy in
preparation for the resumed international negotiations in Bonn, Germany this
July (COP-6 II).  Others suggest that the White House intends to release a
specific proposal on climate change, with domestic and international
components, as early as next month.

On the domestic front, Enron has been providing input to the Administration
on our creative ideas for a multi-pollutant air emissions strategy for the
power generation sector.  We have been invited to provide input on
international proposals, with a preferred timeline of this week.

At this stage, each task force meeting is dedicated to covering a different
topic (i.e., science, economic impacts, role of technology, etc.).  The
meetings tend to have an educational angle, as many participants are not
familiar with these specific and technical issues.  The task force has likely
not yet delved into analysis of the market-based mechanisms (emissions
trading or project-based options to reduce greenhouse gas emissions) or other
issues related to the United Nations Framework Convention on Climate
Change/Kyoto Protocol negotiations.

Enron has an excellent relationship with John Howard, the task force
coordinator from the Domestic Policy Council.  Jeff and I plan to meet with
Bob McNally, the National Economic Council coordinator, tomorrow.

Jeff and I also would like to talk with you about strategy and
recommendations for the White House on international proposals.  It would be
valuable for Enron to weigh in supporting:

? Action to reduce greenhouse gas emissions even in the absence of scientific
certainty on climate change
? Continued U.S. engagement in international efforts to reduce greenhouse gas
emissions
? Flexibility for industry to meet emission reduction goals
? Market-based approaches to reduce greenhouse gas emissions - like emissions
trading - that allow reductions to occur at lower costs to consumers,
governments and businesses
? Cooperation with developing countries to ensure their participation in any
treaty to reduce greenhouse gas emissions - however, developed countries
should be encouraged to take action now and work towards solutions

These bullets are consistent with Enron,s current position statement.

I will work to confirm whether the task force has non-government members and
how industry and, more specifically, Ken Lay and Enron could participate and
provide input.

Please let me know if you have any questions.

Lisa Jacobson
Enron
Manager, Environmental Strategies
1775 Eye Street, NW
Suite 800
Washington, DC 20006

Phone: +(202) 466-9176
Fax: +(202) 331-4717


Just a reminder - Benefits enrollment for 2001 has started.  You have until
3:00 pm on October 22, 2000 to make any changes to your benefits.
By now, you should have received the details of open enrollment at your home
address.

If you do not have any changes to your benefits, you do not need to do
anything and you will automatically be re-enrolled in your current coverage.

OR

If you have changes that you need to make, you can do so by calling Benefits
on Call at 1-800-425-5864 or by enrolling via The Enrollment System at
www.Enron.BenefitsNow.com.

Changes for 2001:

QualMed has been eliminated as an HMO choice for 2001 due to increased
premium costs and low usage.  If you have QualMed and do not change your
benefits through the open enrollment process, your coverage will
automatically be defaulted to $1,250 deductible.

Also, please look at the cost of the different programs closely.  There have
been significant price increases in some of the HMO plans that are offered.

With regards to filing claims for the year 2000, please note the following
deadlines.
For medical and dental, the deadline is December 31, 2001 for claims incurred
in 2000.
For flexible spending accounts, the deadline is April 30, 2001 for expenses
incurred in year 2000.
The deadline for the vision plan expenses is six months following the date of
service.

If you have any questions, please do not hesitate to contact me.

Thanks!
Amy


Hi Greg,

I just wanted to mention that if we are going to bust the percentage rule on
the option payment, there is no incremental damage in having the option
payment credited to the purchase price of the land.

As for officers of the development company, I would use Dave Duran.  Ben
holds a power of attorney, but isn't an officer.

Hope you get email!

Kay


It's OK this time.  The Determination Period in this confirm is confusing;
exchange-based price sources should be tied to the delivery
month/Determination Period.

Bernice Rodriguez
06/22/99 10:12 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Cargill Inc. - EW5791.1

Sara,

Sharon at Cargill called in regards to deal EW5791.1.  She wants to see if we
can delete the Effective Date and Termination Date on the confirmation.

(Since the term is defined in the Determination Period, she thought it would
be less confusing.)

Let me know what you think....

Bernice

Fax to follow.......


Brett, got it covered.

thanks
Dave
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/10/2000
12:30 PM ---------------------------

Brett R Wiggs@ENRON
12/09/2000 11:48 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Organizational Changes

Dave:

Is there anything else you need for the meeting and do you need me to attend?

Thanks,
Brett

David W Delainey@ECT
12/08/2000 03:36 PM
To: Joe Kishkill/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron
cc: Brett R Wiggs/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Michael
Guerriero/SA/Enron@Enron
Subject: Organizational Changes

Guys, I assume that you will have a complete headcount and a revised 2001
expense/revenue/capital budget available in the next week or so.  I would
also like to know what your HR plan might be given these changes.  David
Oxley will the help with the HR issues and Wes Colwell with the budget issues.

No turning back gentlemen.  I look forward to great success in the next year.

Frevert, Whalley, Lavo and myself are sitting down to discuss Electrobolt on
Tuesday morning - subject to that meeting we have approval to go ahead from
Skilling.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/08/2000
12:25 PM ---------------------------

	From:  David Delainey, President & CEO Enron Americas @ ENRON
          12/07/2000 11:53 PM

Sent by: Enron Announcements@ENRON
To: ESA_Employees
cc:
Subject: Organizational Changes

On November 8, the Office of the Chairman, issued an important communication,
announcing significant organizational changes in Enron's worldwide
operations. The purpose of this memo is to share with you the decisions that
are underway to restructure  Enron,s operations in South America.  The basic
organizational framework has been set.

As you know, Diomedes Christodoulou and Jim Bannantine will be assuming new
responsibilities within Enron. Replacing them will be Orlando Gonzalez and
Joe Kishkill, who will become the Co-Presidents of South America, reporting
to Dave Delainey and John Lavorato.  They will share overall responsibility;
however, Orlando,s focus will be on direct sales origination,
commercial/government relationships and regulatory issues.  Joe,s focus will
be on wholesale origination, financial and operating performance and overall
country management.  In addition, Orlando will continue as President and CEO
of Elektro until its ultimate sale.

The existing, large integrated asset base in South America (excluding
Elektro) will be managed and operated by Rebecca McDonald and Jim Hughes in
Enron Global Assets, which is part of Enron Wholesale Services under Mark
Frevert. Ultimately, there will be very close coordination in both Brazil and
Argentina between Enron Americas and Enron Global Assets to ensure that our
reputation in South America is protected, our asset positions are being
managed prudently and that commercial opportunities surrounding these assets
are pursued.

The remaining natural gas and electrical commercial activities in South
America will be organized around the highly successful North American network
business model.  This model employs people, market making, physical
commodities, capital and assets to provide reliable, flexible and high-value
products to our customers.  It is people and intellectual capital based and
enjoys high rates of return on invested capital.

In the interest of pursuing this strategy, the following teams will report to
Joe and Orlando:

The Commercial Origination team will be lead by Brett Wiggs.  The team will
focus on covering South American markets, primarily Brazilian and Argentine
natural gas and electricity, with the following goals:

? Generating new, innovative, reliable and high value products and services
needed by the market by utilizing our commodity, asset and capital
capabilities;
? Providing those products and services across South America and across the
value chain, including wholesale and retail, based upon the highest value
opportunity;
? Finding structural value arbitrages in the South American market and move
quickly to capitalize;
? Assisting the Risk Management and Trading organization in managing the
overall risk of the organization;
? Managing all new power and asset development opportunities in South America
consistent with this strategy, and
? Providing the Risk Management and Trading organization information and deal
flow.

The Commercial Origination team will consist of a diverse group of people who
work as a single team which bring the required skills including commodity,
capital, regulatory, asset, development, market, structuring, deal execution,
finance and country knowledge necessary to reach our goals.

The Trading and Risk Management team will be headed by Remi Collonges.  The
team will continue to develop pricing information and manage the price book
for the relevant energy markets in support of the wholesale and direct sales
efforts.  Additionally, the team will work toward implementation of actively
trading South American energy commodities.  This group will be responsible
for managing Enron South America,s overall risk and will have a direct
reporting relationship with John Lavorato in his role as head of the Americas
risk activities.

The Argentine effort will be integrated into the overall South American
Commercial Origination and Trading and Risk Management groups; however, we
will continue to maintain an Argentine office headed by Michael Guerriero.

The goal of the reorganization is to create a flat team oriented organization
that is very market and commercially focused.  The following support
functions will assist the overall business objectives of the commercial team
and will report into Joe and Orlando, plus into their line functions in
Houston.  The overall goal is to ensure that the South American business
units have an adequate support organization to evaluate opportunities, as
well as manage day-to-day business and risk.  Otherwise, the Houston
infrastructure will provide resources as needed to manage peak requirements
in South America, not unlike other businesses in Enron Americas.

These groups include:

The Government Affairs team, which will be headed by Sergio Assad, will
manage the relationships with the relevant regulatory agencies as well as
governmental ministries.  The primary regulatory goal will be to facilitate,
in the near term, substantive changes to the regulatory rules to allow a
functioning wholesale traded market in Brazil and Argentina. Sergio will
assume his responsibilities upon completion of the Elektro sale.  During this
interim period, Jose Bestard will continue to be in charge of the regulatory
function.  Once Sergio makes the transition, he will also report to Rick
Shapiro in Enron Government Affairs.

The Finance team will be headed by Britaldo Soares.  The team will manage the
interface with Enron Global Finance.  Britaldo will transition from his
current duties at Elektro upon completion of the Elektro sale.  Britaldo will
also report to Joe Deffner in Enron Global Finance.  Rob Gay will be
assisting Britaldo during the transition, while continuing his work on the
Cuiaba project.

The Legal team, which will be lead by Randy Young, as general counsel, and
John Novak, as deputy general counsel, will manage South America,s legal
requirements.  Randy and John will also report to Mark Haedicke in Enron
Wholesale Services - Legal Department.

Miguel Padron will become Chief of Staff.  Human Resources, Information
Technology, Treasury, Accounting & Reporting, as well as Administration will
report to Miguel.  This will bring focus to essential, but non-commercial
functions, as well as more efficiently manage key matrix reporting
relationships with Enron.  Miguel will also report to David Oxley in Enron
Wholesale Services ) Human Resources and Wes Colwell in Enron Wholesale
Services ) Business Analysis and Reporting.

These changes are consistent with Enron's evolving business strategy and
reflect our continuing commitment to grow the company by maximizing our
financial and intellectual capital.  However, in line with the new
organizational structure and the near term potential for business in the
region, further budget reductions will be necessary.  People directly
affected will be notified shortly.

Enron is committed to continue the successful implementation of its
businesses in South America.  We believe that as the markets develop, we are
uniquely positioned to leverage Enron,s core capabilities and create
shareholder value.


This e-mail is being sent on behalf of George Frazier, President -
South-Central Chapter, Energy Bar Association - 11-13-00
 <<LK_231100_1.DOC>>

 - LK_231100_1.DOC


agreed


Dear Mr. Nur Azmin Abu Bakar,

Thanks for your prompt reply.

Please, let us know how many members of your team will
visit Enron.

I look forward to our meeting on February 8.

Vince Kaminski

azminab@petronas.com.my on 01/02/2001 06:38:33 PM
To: Vince.J.Kaminski@enron.com, KhairuddinBMJaafar@petronas.com.my,
Shirley.crenshaw@enron.com
cc:
Subject: Re: Meeting on Feb 8, 2001

Dear Kaminski,

  Happy New year and thank you for the reply.  We are honored to have
lunch with you and your team however we have another appointment at
2.30p.m.

Regards

Vince.J.Kaminski@enron.com on 03/01/2001 07:38:19 AM

To:   azminab@petronas.com.my
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Subject:  Meeting on Feb 8, 2001

Dear Sir,

I would like to apologize for the delay in responding to your fax.
I was on vacation for the last few days.

I shall be honored to meet your delegation on Thursday, February 8 at 10:00
a.m.
Please, let me know if you will be free for lunch after the meeting.

Vince Kaminski


-----Original Message-----
From: 	Beth Ng <Beth.Ng@morganstanley.com>@ENRON
Sent:	Friday, October 26, 2001 12:39 PM
To:	Shackleton, Sara
Cc:	Bailey, Susan
Subject:	Fourth Amendment to Master Agreement

Sara:

As per our telephone conversation, Bill Bradford and Anthony Lupiano
have reached agreement in regards to the credit Threshold matrix.   The
credit rating and thresholds are as follows:

BBB+/Baa1 or above:    $15 million
BBB/Baa2:  $10 million
BBB-/Baa3:  $5 million
Below BBB-/Baa3:  Zero

Attached you will find a revised Fourth Amendment.   Please arrange for
it to be executed and return to my attention.

Many thanks and regards,

Beth Ng
Commodities Division - Documentation
Tel:  212 761 8720
Fax: 212-507-4898 /  212 761 0293
Email:  Beth.Ng@morganstanley.com

1585 Broadway, 4th Floor
New York, NY   10036

 - enron north america_4th Amend_10-26-01.doc
 - Beth.Ng.vcf


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/05/2001
03:48 PM ---------------------------

Greg Napiorkowski <gnapiorkowski@intertrust.com> on 02/05/2001 12:35:21 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Czesc

Wicku,

Oczywiscie, ze sie spotkam z radoscia i przyjemnoscia.
Sporo czasu minelo od czsu, gdy sie ostatni raz widzielismy.

W gre wchodzi praktycznie czwartek wieczorem.  W srode sie przeprowadzam,
a w piatek lece do NJ o 21:30.

Moj telefon:  408-855-0263.

Na razie,

  Grzegorz

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Monday, February 05, 2001 10:29 AM
To: gnapi@intertrust.com
Cc: Vince.J.Kaminski@enron.com; vkaminski@aol.com
Subject: Czesc

Grzegorz,

Ludmila doniosla mi, ze pracujesz w Kalifornii.

Bede w Berkeley w srode i w Palo Alto w czwartek i piatek.

Czy masz czas, by spotakc sie na obiad/lunch/kawe?

Pozdrowienia

Wicek


Dear Kidventure Family,

We hope everyone is doing great!  Believe it or not, the holidays are just around the corner and this means Holiday Camp is too!  Winter in Texas is the theme this year and we want to see everyone for this "cool" event.

Attatched to this email is the brochure for Holiday Camp.  Registration will begin at 12 noon on Monday October 29th and will remain open until all spaces have been reserved. Simply log on to kidventurecamp.com or call the office at 713.960.8989. You will have the option of selecting all days or individual ones!

The camp will be highlighted by Kidventure's 2nd Annual Mt. Venture snow day with sledding, snowman contest and much more.  Earlier in the week campers will be part of teams that will design and build bobsleds to be raced on Mt. Venture.  So break out the mittens and ear-muffs and join us for this most memorable holiday event.

Kidventure Team

*** This email provided by CampRegister.com ***
 - WIT.doc


I just saw the NYT article.  Nice job.  It's nicely positioned as an issue
about India's resolve to encourage foreign investment and live up to
contracts.


----- Original Message -----
From: Frank Marsters
To: Adams, George
Sent: Friday, January 28, 2000 12:15 PM
Subject: Fw: Winning the cultural war

----- Original Message -----
From: Ted & Carla
To: Mike Ferguson
Sent: Thursday, January 27, 2000 10:45 PM
Subject: Winning the cultural war

Mike, here is the speach by Charlton Heston that I was telling you about.
Subject:
        Winning the Cultural War by Charlton Heston
   Date:
        Tue, 16 Mar 1999 20:47:56 -0600
   From:
        "Koenig's International News" <bill@watch.org>
     To:
        watch-news@watch.org

Note from Bill Koenig:

Below is an excellent message given by Charlton Heston at Harvard.
Rush Limbaugh today said he has received 9000 e-mail requests for a
copy.

It is entitled 'Winning the Cultural War' and was given at the
Harvard Law School Forum, February 16, 1999.

************

I remember my son when he was 5, explaining to his kindergarten
class what his father did for a living. "My Daddy," he said,
"pretends to be people." There have been quite a few of them.
Prophets from the Old and New Testaments, a couple of
Christian saints, generals of various nationalities and different
centuries, several kings, three American presidents, a French
cardinal and two geniuses, including Michelangelo. If you want the
ceiling re-painted I'll do my best. There always seem to be a lot
of different fellows up here. I'm never sure which one of them gets
to talk. Right now, I guess I'm the guy.

As I pondered our visit tonight it struck me: If my creator gave me
the gift to connect you with the hearts and minds of those
great men, then I want to use that same gift now to re-connect you
with your own sense of liberty ... your own freedom of
thought ... your own compass for what is right. Dedicating the
memorial at Gettysburg, Abraham Lincoln said of America, "We are
now engaged in a great Civil War, testing whether this nation or
any nation so conceived and so dedicated can long
endure." Those words are true again. I believe that we are again
engaged in a great civil war, a cultural war that's about to
hijack your birthright to think and say what resides in your heart.
I fear you no longer trust the pulsing lifeblood of liberty inside
you ... the stuff that made this country rise from wilderness into
the miracle that it is.

Let me back up. About a year ago I became president of the National
Rifle Association, which protects the right to keep and
bear arms. I ran for office, I was elected, and now I serve ... I
serve as a moving target for the media who've called me
everything from "ridiculous" and "duped" to a "brain-injured,
senile, crazy old man." I know ... I'm pretty old ... but I sure
thank the Lord ain't senile. As I have stood in the crosshairs of
those who target Second Amendment freedoms, I've realized that
firearms are not the only issue. No, it's much, much bigger than
that. I've come to understand that a cultural war is raging across
our land, in which, with Orwellian fervor, certain acceptable
thoughts and speech are mandated.

For example, I marched for civil rights with Dr. King in 1963 --
long before Hollywood found it fashionable. But when I told an
audience last year that white pride is just as valid as black pride
or red pride or anyone else's pride, they called me a racist.

I've worked with brilliantly talented homosexuals all my life. But
when I told an audience that gay rights should extend no
further than your rights or my rights, I was called a homophobe.

I served in World War II against the Axis powers. But during a
speech, when I drew an analogy between singling out innocent Jews
and singling out innocent gun owners, I was called an anti-Semite.

Everyone I know knows I would never raise a closed fist against my
country. But when I asked an audience to oppose this
cultural persecution, I was compared to Timothy McVeigh.

>From Time magazine to friends and colleagues, they're essentially
saying, "Chuck, how dare you speak your mind. You are
using language not authorized for public consumption!"

But I am not afraid. If Americans believed in political
correctness, we'd still be King George's boys-subjects bound to the

British crown.

In his book, "The End of Sanity," Martin Gross writes that
"blatantly irrational behavior is rapidly being established as the
norm in almost every area of human endeavor. There seem to be new
customs, new rules, new anti-intellectual theories regularly
foisted on us from every direction.

Underneath, the nation is roiling. Americans know something,
without a name is undermining the nation, turning the mind
mushy when it comes to separating truth from falsehood and right
from wrong. And they don't like it."

Let me read a few examples. At Antioch college in Ohio, young men
seeking intimacy with a coed must get verbal permission at each
step of the process from kissing to petting to final copulation ...
all clearly spelled out in a printed college directive. In New
Jersey, despite the death of several patients nationwide who had
been infected by dentists who had concealed their AIDS --- the
state commissioner announced that health providers who are
HIV-positive need not. .. need not ... tell their patients that
they are infected.

At William and Mary, students tried to change the name of the
school team "The Tribe" because it was supposedly insulting
to local Indians, only to learn that authentic Virginia chiefs
truly like the name.

In San Francisco, city fathers passed an ordinance protecting the
rights of transvestites to cross-dress on the job, and for
transsexuals to have separate toilet facilities while undergoing
sex change surgery.

In New York City, kids who don't speak a word of Spanish have been
placed in bilingual classes to learn their three R's in
Spanish solely because their last names sound Hispanic. At the
University of Pennsylvania, in a state where thousands died
at Gettysburg opposing slavery, the president of that college
officially set up segregated dormitory space for black students.
Yeah, I know ... that's out of bounds now. Dr. King said "Negroes."
Jimmy Baldwin and most of us on the March said "black." But it's a
no-no now.

For me, hyphenated identities are awkward ... particularly
"Native-American." I'm a Native American, for God's sake. I also
happen to be a blood-initiated brother of the Miniconjou Sioux. On
my wife's side, my grandson is a 13th-generation Native American
... with a capital letter on "American." Finally, just last month
... David Howard, head of the Washington D.C. Office of Public
Advocate, used the word "niggardly" while talking to colleagues
about budgetary matters. Of course, 'niggardly' means stingy or
scanty. But within days Howard was forced to publicly apologize and
resign.

As columnist Tony Snow wrote: "David Howard got fired because some
people in public employ were morons who (a) didn't know the meaning
of 'niggardly,' (b) didn't know how to use a dictionary to discover
the meaning, and ,actually demanded that he apologize for their
ignorance." What does all of this mean? It means that telling us
what to think has evolved into telling us what to say, so telling
us what to do can't be far behind.

Before you claim to be a champion of free thought, tell me: Why did
political correctness originate on America's campuses?
And why do you continue to tolerate it? Why do you, who're supposed
to debate ideas, surrender to their suppression?

Let's be honest. Who here thinks your professors can say what they
really believe? It scares me to death, and should scare
you too, that the superstition of political correctness rules the
halls of reason.

You are the best and the brightest. You, here in the fertile cradle
of American academia, here in the castle of learning on the
Charles River, you are the cream. But I submit that you, and your
counterparts across the land, are the most socially
conformed and politically silenced generation since Concord Bridge.

And as long as you validate that ... and abide it ... you are-by
your grandfathers' standards-cowards.

Here's another example. Right now at more than one major
university, Second Amendment scholars and researchers are
being told to shut up about their findings or they'll lose their
jobs. Why? Because their research findings would undermine
big-city mayor's pending lawsuits that seek to extort hundreds of
millions of dollars from firearm manufacturers.

I don't care what you think about guns. But if you are not shocked
at that, I am shocked at you. Who will guard the raw
material of unfettered ideas, if not you? Who will defend the core
value of academia, if you supposed soldiers of free thought
and expression lay down your arms and plead, "Don't shoot me." If
you talk about race, it does not make you a racist. If you
see distinctions between the genders, it does not make you a
sexist. If you think critically about a denomination, it does not
make you anti-religion. If you accept but don't celebrate
homosexuality, it does not make you a homophobe.

Don't let America's universities continue to serve as incubators
for this rampant epidemic of new McCarthyism. But what can you do?
How can anyone prevail against such pervasive social subjugation?

The answer's been here all along. I learned it 36 years ago, on the
steps of the Lincoln Memorial in Washington D.C.,
standing with Dr. Martin Luther King and two hundred thousand
people. You simply ... disobey. Peaceably, yes. Respectfully, of
course. Nonviolently, absolutely. But when told how to think or
what to say or how to behave, we don't. We disobey social protocol
that stifles and stigmatizes personal freedom.

I learned the awesome power of disobedience from Dr. King ... who
learned it from Gandhi, and Thoreau and Jesus and every other great
man who led those in the right against those with the might.

Disobedience is in our DNA. We feel innate kinship with that
Disobedient spirit that tossed tea into Boston Harbor, that sent
Thoreau to jail, that refused to sit in the back of the bus, that
protested a war in Vietnam.

In that same spirit, I am asking you to disavow cultural
correctness with massive disobedience of rogue authority, social
directives and onerous law that weaken personal freedom.

But be careful ... it hurts. Disobedience demands that you put
yourself at risk. Dr. King stood on lots of balconies. You must
be willing to be humiliated ... to endure the modern-day equivalent
of the police dogs at Montgomery and the water Cannons at Selma.
You must be willing to experience discomfort. I'm not Complaining,
but my own decades of social activism have taken their toll on me.
Let me tell you a story.

A few years back I heard about a rapper named Ice-T who was selling
a CD called "Cop Killer" celebrating ambushing and
murdering police officers. It was being marketed by none other than
Time/Warner, the biggest entertainment conglomerate in the world.
Police across the country were outraged. Rightfully so-at least one
had been murdered. But Time/Warner was
stonewalling because the CD was a cash cow for them, and the media
were tiptoeing around it because the rapper was black.

I heard Time/Warner had a stockholders meeting scheduled in Beverly
Hills. I owned some shares at the time, so I decided to attend.
What I did there was against the advice of my family and
colleagues. I asked for the floor. To a hushed room of a
thousand average American stockholders, I simply read the full
lyrics of "Cop Killer"-every vicious, vulgar, instructional word.

"I GOT MY 12 GAUGE SAWED OFF
I GOT MY HEADLIGHTS TURNED OFF
I'm ABOUT TO BUST SOME SHOTS OFF
I'm ABOUT TO DUST SOME COPS OFF..."

It got worse, a lot worse. I won't read the rest of it to you. But
trust me, the room was a sea of shocked, frozen, blanched
faces. The Time/Warner executives squirmed in their chairs and
stared at their shoes. They hated me for that.

Then I delivered another volley of sick lyric brimming with racist
filth, where Ice-T fantasizes about sodomizing two 12-year old
nieces of Al and Tipper Gore. "SHE PUSHED HER BUTT AGAINST MY ...."

Well, I won't do to you here what I did to them. Let's just say I
left the room in echoing silence.

When I read the lyrics to the waiting press corps, one of them said
"We can't print that." "I know," I replied, "but Time/Warner _s
selling it."

Two months later, Time/Warner terminated Ice-T's contract. I'll
never be offered another film by Warners, or get a good review from
Time magazine. But disobedience means you must be willing to act,
not just talk.

When a mugger sues his elderly victim for defending herself ... jam
the switchboard of the district attorney's office. When your
university is pressured to lower standards until 80 percent of the
students graduate with honors ... choke the halls of the board of
regents. When an 8-year-old boy pecks a girl's cheek on the
playground and gets hauled into court for sexual harassment
...march on that school and block its doorways.

When someone you elected is seduced by political power and betrays
you ... petition them, oust them, banish them. When
Time magazine's cover portrays millennium nuts as deranged, crazy
Christians holding a cross as it did last month ... boycott
their magazine and the products it advertises.

So that this nation may long endure, I urge you to follow in the
hallowed footsteps of the great disobediences of history that
freed exiles, founded religions, defeated tyrants, and yes, in the
hands of an aroused rabble in arms and a few great men, by
God's grace, built this country.

If Dr. King were here, I think he would agree.

Thank you.

 - att1.htm


Is there supposed to be something attached?

	Georgi Landau@ENRON
	05/21/2001 03:04 PM

		 To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/Enron@EnronXGate
		 cc: Karen Lambert/Enron@EnronXGate
		 Subject: NEW IDA CONTRACTS FOR LOUISIANA-PACIFIC AND TAUBER PETROCHEMICAL

FYI


The new schedule is out for April, if you have any conflicting dates please
let me know,

ryan


This is everything for PNM.  We still need to buy 25mw heavy load at Pinnacle Peak.  PNM did everything else.  I will send you a complete email as soon as we procure the last piece.

Thank you,
Holden


A copy of Paul Schultz's paper, "Who Makes the Market," is now
available.  The paper to can be obtained (by Monday for sure) from Felicia
Jones (Economics), Latha Ramchand (University of Houston), and Vince
Kaminski (Enron) or Barbara Ostdiek (everyone else).

Paul's seminar is Friday, March 30, at 3:30 in Room 201 (note the room
change).

The abstract of the paper is copied below:

Abstract

"I provide evidence that Nasdaq dealers make markets in the stocks in which
they receive order flow.  Several variables used to proxy for the stocks
that individual market maker's brokerage customers would trade, including
trading volume, location, underwriting participation and analyst coverage,
are significant determinants of market marking activity.  Informational
advantages may also be a factor in the market making decision as evidenced
by dealers specializing in stocks in specific industries.  Some potential
problems that arise when researchers ignore the integration of market
making with brokerage, securities analysis and underwriting businesses are
discussed."


----- Forwarded by Cindy Derecskey/Corp/Enron on 12/08/2000 09:45 AM -----

	Emma Facy@ECT
	12/08/2000 03:41 AM

		 To: Jackie Gentle/LON/ECT@ECT, Mark Pickering/LON/ECT@ECT, John
Sherriff/LON/ECT@ECT, Karen Denne/Corp/Enron@ENRON, Cindy
Derecskey/Corp/Enron@Enron, Ann M Schmidt/Corp/Enron@ENRON, Katy
Lomax/LON/ECT@ECT
		 cc:
		 Subject: Press Clippings - Enron Mention - GARY HAMEL

"Chance for Survival" - GARY HAMEL

---------------------- Forwarded by Emma Facy/LON/ECT on 07/12/2000 17:28
---------------------------


Teb,
Please advise if you will be able to attend this meeting.
Alma
36503

 -----Original Appointment-----
From: 	Carrillo, Alma
Sent:	Tuesday, July 31, 2001 3:09 PM
To:	Holmes, Bradley; Kowalke, Terry; Powell, Don; January, Steven; Blair, Lynn; Betancourt, Ramona ; Brown, Elizabeth; Medeles, Gerry; Schoolcraft, Darrell; Bianchi, Rita; Corman, Shelley
Subject:	TW Order report formats and data capture Mtg
When:	Tuesday, August 07, 2001 10:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where:	Hou 4102 / Oma 696

Alma for Brad


AUGIE E-NEWS
October 25, 2000
Volume 1, Number 4
**************************
Augie E-News is a bi-monthly (or as needed) newsletter sent to alumni of
Augustana College informing them of the latest news from campus.
**************************

***Viking Days 2000 - Thanks for Coming Home!:
October 6-8 was quite the weekend for Augustana.  It began with the
inauguration of Dr. Bruce Halverson '66 as Augustana's 22nd
President.  Cold weather didn't keep alumni away from the parade. And the
football game against NDSU was a good fight.  We inducted the Class of
1950 into the Honor Guard at the Heritage Honor Luncheon and honored
outstanding individuals at the Athletic Hall of Fame Banquet on Friday
night and at the Alumni Banquet on Saturday night.  Viking Varieties was a
hit in the Sioux Falls Arena and the crowd was great at the Afterglow,
complete with music by President Halverson and the Fabulous Jadesmen and
Doc Krueger and the Alumni Brass Choir.  Click on
http://www.augie.edu/alumni/homecoming.html for pictures from the
weekend.  Class pictures can be found at the "Reunions Site" under each
class year. Plan now to attend Viking Days 2001, October 5-7.  The Classes
of 1936, 1941, 1946, 1951, 1956, 1961, 1966, 1971, 1976, 1981, 1986, 1991,
and 1996 will celebrate reunions.

***Joel Wudel '78 resigns as Director of Alumni Relations, Paul Krueger
'97 is Promoted:***
Effective October 15, 2000 Joel Wudel, is no longer at Augustana.  He
is moving on to other endeavors in Kansas City, MO.  Well-wishes can be
sent to his home at 4908 S Quail Run Ave, Sioux Falls, SD 57108.

Paul Krueger, who has been Associate Director of Alumni Relations the
last three years, has assumed Joel's position.  Paul graduated from
Augustana in 1997 with majors in journalism and communications.  He was
student body president his senior year and involved in many other campus
activities.  Paul's wife, Joni, works in the Admission Office at
Augie.  Paul can be reached at (605) 274-5530 or at krueger@wise.augie.edu

***Augustana and WYNCOM, Inc. present The Fifth Annual Worldwide Lessons
in Leadership Series:***
The world's largest training conference focuses on rapid change and
strategies for success.  Entitled   "The Brave New Workplace: Strategies
to Excel in a World of Change," the program will be available throughout
the world via satellite on November 15, 2000.

Augustana joins FORTUNE Magazine as the exclusive local hosts for
this program.  This extraordinary program features personal insights from
Nobel Peace Prize winner Nelson Mandela.  It continues with the latest
strategies from Dr. Stephen Covey, Dr. Tom Peters, Dr. Ken Blanchard,
Dr. Martha Rogers, and Don Tapscott.   There will also be an executive
panel featuring Martha Stewart, Intel founder Andy Grove, and
Yahoo! founder Jerry Yang.

The program begins at 9:45 a.m. in Sioux Falls and will be held at
the Sioux Falls Convention Center.  For time and location details for
Augie alums in other parts of the country, for more information, or to
register, please visit the online program information at www.wyn.com or
call 1-800-689-9771.

***Christmas Vespers Tickets Available:
Tickets are available for Christmas Vespers, which will be December
1-3.  They are $10 per person and can be purchased with a credit card by
calling the Augustana Box Office at (605) 274-4613.  You can also stop by
the Box Office during regular business hours.  Performances are Friday,
December 1 at 7:30 p.m. at First Lutheran Church, Saturday, December 2 at
4:30 and 7:30 p.m. at First Lutheran Church, and Sunday, December 3 at
2:30 and 7:30 p.m. at Saint Joseph Cathedral.

***Augie Volleyball Team Continues Winning Streak:
The Augie Volleyball team continues to be ranked #2 in the national
Div. II rankings.  The team is 23-1 overall and 12-1 in the North Central
Conference.  The team travels to Brookings on October 31 to battle 8th
ranked SDSU.  Recently, the Vikings swept Saint Cloud State and Minnesota
State, Mankato.  The team has set a record for consecutive wins with
38.  The previous record of 16 was set a year ago.  Follow volleyball and
all Augie athletics on the web at www.augie.edu/athletics

**E-mail the Augustana Alumni Office at: alumni@inst.augie.edu Our phone
number is (605) 274-4904.**


Thanks.

I am looking for volumes that traded last year - not necessarily volumes that
flowed.  Volumes that flowed include term transactions.
Can you think of a way to find this info?

Eric

	Enron Capital Management

	From:  David Baumbach                           01/25/2001 11:08 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Stats

Hope this is what you were looking for.

---------------------- Forwarded by David Baumbach/HOU/ECT on 01/25/2001
11:07 AM ---------------------------
From: Jim Little on 01/25/2001 10:59 AM
To: David Baumbach/HOU/ECT@ECT
cc:
Subject: Stats

Here are the total volumes by quarter and by region.  We are looking into the
EOL since we do not have currently have regional information.  Perhaps you
have a way of estimating based on CPR?