----- Forwarded by Richard B Sanders/HOU/ECT on 02/13/2001 02:18 PM -----

	"Harry Olivar" <hao@quinnemanuel.com>
	02/13/2001 01:57 PM

		 To: <rcarroll@bracepatt.com>, <GFergus@brobeck.com>,
<richard.b.sanders@enron.com>, <jfrizzell@gibbs-bruns.com>, "A William
Urquhart" <awu@quinnemanuel.com>, "Kristen Bird" <kb@quinnemanuel.com>,
"Michael Lifrak" <mtl@quinnemanuel.com>
		 cc:
		 Subject: Fwd: Revised Injunction stipulation_v1.doc

Draft from CalPX; most of the changes are in paragraphs 2 and 3.  Please
contact us with your comments.
Received: from ntfs1.we-law.com (w011.z208037042.lax-ca.dsl.cnc.net
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From: "Ben D. Whitwell" <BWhitwell@we-law.com>
To: "'hao@quinnemanuel.com'" <hao@quinnemanuel.com>
Subject: Revised Injunction stipulation_v1.doc
Date: Tue, 13 Feb 2001 11:41:58 -0800
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;
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 <<Revised Injunction stipulation_v1.doc>>

 - Revised Injunction stipulation_v1.doc


Is it possible to get the call-in number for the 2:30 call?  Thanks very much.

Best,
Jeff


ANYTHING BUT LAW

Need help in getting from A to Z? Busy, confused, or just don't want to
bother? Want someone who works only for you and is your advocate only???
Call:
?

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Dear Vince:
?
I am in a somewhat delicate position. One of the  people in the group here
has asked me to introduce him to you.? As an El  Paso vice president, I
should not have agreed to do this, and frankly, the guy  should not have
asked.? But he is clearly very unhappy at El Paso, so, as a  human being, I
felt it was appropriate. Also, because this guy would have  contacted you
anyway, with or without my introduction, as a professional  courtesy, I would
like you to benefit from my experience with this  fellow.
?
The guy's name is Joao Neves (Portugese).? I  think he is reasonably bright
and seems to have a quite deep understanding of  general finance and
financial mathematics. He is a manager and feels very  frustrated because he
had hoped to be promoted to a position of authority.  Instead the group's
M.D. brought in two Price-Waterhouse-Coopers consultants as  V.P's to run the
structuring and quant sides of the group. In this respect, I  can understand
his unhappiness. Unfortunately for him, however, I also think it  is in his
nature to whine.? I have observed him to bad mouth lots of people  starting
with the IT guys (ok, that's perhaps not much an indictment!) all the  way to
dismissing Broadie & Glasserman's or Eduardo Schwartz' works as  shoddy or
shallow.? He does not seem to suffer well people he considers  fools.? Caveat
Emptor, therefore! Having said all this, I do want to  emphasize that he is a
bright guy, is very pleasant with me, and, perhaps given  the appropriate
environment and supervision, might be quite productive.?  But don't take my
word for it. Talk to him, and see what you think.?  Obviously, I would ask
that you keep these comments in confidence. I have given  you an honest
assessment -- brutally so.
?
'Nuff said! I have fulfilled my moral obligations  both to Joao and to you.
?
Best Regards,
Grant.


Thanks Naveen. I will have a look and let
you know asap.

Darrell

> X-MimeOLE: Produced By Microsoft Exchange V6.0.4712.0
> content-class: urn:content-classes:message
> MIME-Version: 1.0
> Content-Transfer-Encoding: quoted-printable
> Subject: Documentation
> Date: Mon, 10 Dec 2001 15:02:46 -0600
> X-MS-Has-Attach:
> X-MS-TNEF-Correlator:
> Thread-Topic: Documentation
> Thread-Index: AcGBvgSGLHLqTkMJS2CEQeLmXPTAQA==
> From: "Andrews, Naveen" <Naveen.Andrews@enron.com>
> To: <duffie@Stanford.EDU>
> Cc: "Port, David" <David.Port@enron.com>, "Kaminski, Vince J"
<Vince.J.Kaminski@enron.com>
> X-OriginalArrivalTime: 10 Dec 2001 21:03:18.0429 (UTC)
FILETIME=[17B064D0:01C181BE]
>
> Darrell,
>        It was nice to speak with you this afternoon after the Credit
> conference.  As mentioned on the phone, if you have any documentation
> related to the topic discussed, I would appreciate it if we could get a
> copy of it.  If you have any questions at all, you can also touch base
> with David Port, who is the head of Market Risk (713-853-9823).
>
> Regards
> Naveen
> -----------------------------------------
> Naveen Andrews
> Director, Risk Assessment and Controls
> Naveen.Andrews@enron.com
> Tel: 713-345-8668
>
>
>
>
> **********************************************************************
> 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.
> **********************************************************************

_____________________________________________
Darrell Duffie
mail  GSB Stanford CA 94305-5015 USA
phone 650 723 1976
fax   650 725 7979
email duffie@stanford.edu
web   http://www.stanford.edu/~duffie/
_____________________________________________


Jeff here's the last electronic version of the Time Warner Case.
Jimmy
 - time warner case memo 0429.ZIP


Your statement is correct.  We are fully subscribed on our mainline going
west.  EB

John Morris <morris.j@ei.com> on 12/19/2000 02:50:46 PM
To: Elizabeth.Brown@enron.com
cc: Frazier.King@enron.com, Shelley.Corman@enron.com, Linda.Trevino@enron.com

Subject: Re: Data

Thank you for the response.  Would it be fair to say that all the capacity to
California and Arizona is fully subscribed?   Thanks.  --jrm

Elizabeth.Brown@enron.com wrote:

> John,
>
> With regard to your first question, yes there are additional design
> capacities to be considered. The Topock lateral, which consists of the
> three Topock points listed, has a capacity of 400 MDth/d.  Additionally,
> the mainline capacity going west, which serves ALL of our markets in
> Arizona as well as California, is at 1090 MDth/d.
>
> As for your second question, the data fields that were highlighted in red
> were more for my reference since these required some manual
> review/correction on my part.
>
> If you need further information or explanation, please feel free to contact
> me.
>
> Thanks,
> Elizabeth
>
> John Morris <morris.j@ei.com> on 12/19/2000 02:15:56 PM
>
> To:   Elizabeth Brown <Elizabeth.Brown@enron.com>
> cc:
>
> Subject:  Data
>
> Privileged & Confidential
> Prepared for Counsel
>
> Elizabeth, thank you for responding so quickly.  I have two
> questions.
> 1) You have total capacity of 1550 MDth/d into California.
> Can TW simultaneously supply all these amounts, or is there
> some lower limit for total deliveries to all 4 meters?
> 2) Some of the "Type" cells are colored red.  Does the red
> have any meaning?
>
> Thank you, --JRM
>
> --
> John R. Morris
> Vice President
> Economists Incorporated
> 1200 New Hampshire Avenue, NW
> Suite 400
> Washington, DC  20036
> Voice: 202.223.4700
> Fax:   202.296.7138
>
> ***************************************************
> This e-mail, and any attachments thereto, is intended only
> for use by the addressee(s) named herein and may contain
> legally privileged and/or confidential information.  If you
> are not the intended recipient of this e-mail, you are
> hereby notified that any dissemination,distribution or
> copying of this e-mail, and any attachments thereto, is
> strictly prohibited. If you have received this e-mail in
> error, please immediately notify me at (202) 223-4700 and
> permanently delete the original and any copy of any e-mail
> and any printout thereof.
> ***************************************************
>
> <]

--
John R. Morris
Vice President
Economists Incorporated
1200 New Hampshire Avenue, NW
Suite 400
Washington, DC  20036
Voice: 202.223.4700
Fax:   202.296.7138

***************************************************
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination,distribution or copying
of this e-mail, and any attachments thereto, is strictly prohibited. If you
have received this e-mail in error, please immediately notify me at (202)
223-4700 and permanently delete the original and any copy of any e-mail and
any
printout thereof.
***************************************************

<]


"......most look like they were taken on Saturday or Sunday- when a lot of
the water had already gone down!?!?!"

----- Forwarded by April Hrach/SF/ECT on 06/15/2001 12:04 PM -----

	Kelly Brodbeck
	06/15/2001 11:57 AM

		 To: April Hrach/SF/ECT@ECT
		 cc:
		 Subject: FW: A PICTURE STORY

April -

Pass this one around.

- Kelly

---------------------- Forwarded by Kelly Brodbeck/SF/ECT on 06/15/2001 11:49
AM ---------------------------
From: Lindsay Long/ENRON@enronXgate on 06/15/2001 10:53 AM CDT
To: Kelly Brodbeck/SF/ECT@ECT
cc:

Subject: FW: A PICTURE STORY

  Kelly - here are a few pictures - most look like they were taken on
Saturday or Sunday - when a lot of the water had already gone down.
Fortunately most of it ran onto the freeways.  The pictures that show the
arched bridges on I -59 are a good example - the freeway at that spot is
10-12 lanes wide and at least 30-40' lower than the bridge.

  Lindsay


The attached chart summarizes the tax implications of the various options for
choice of legal entity for financial trading in Argentina.    The chart
addressed income taxes only.  Moving the operations to Brazil will result in
additional transactions taxes that are not addressed  in this analysis.  As
you can see, the tax impact of each option depends the specific set of facts
as to how Enron is operating its trading activity.  Of particular importance
is the concept  that the US will tax the earnings of foreign jurisdictions
even if there are no US employees involved in the transactions to the extent
a US affiliate of Enron is deemed to be providing substantial assistance to
the foreign entity that is involved in the financial trading activities.

The current structure for financial trading in Argentina is the most tax
efficient based upon the way Enron has chosen to conduct its business.  The
earnings are limited to a single layer of tax in the US.  To the extent that
the Sao Paulo office develops into an operation that can fully support all
trading activity so that there is no support from the US, we may be able to
restructure the operations to provide more flexibility to the traders in
South America.  Even if we shift the activity to a Brazilian entity,  the
traders will have to follow guidelines to avoid taxation in Argentina as well.

Lynn


Larry,

In the system we have Allegheny Ludium Corporation and Alleghey Western
Energy Corporation.  There is no Allegheny Energy supply LLLC.  Which looks
good to you?

SPR


A meeting to discuss project Tex-Mex has been scheduled for 3:00 (central)
Thursday.  For those of you in Houston, room EB3321 has been reserved.
Additionally, a dial-in number has been set up and is listed below.  Please
let me know if you have any questions.

Elizabeth
x35888

Conference Call Information

Dial In Numbers:

International  734-414-0270

Domestic  877-540-9892

Host Code  653502

Participant Code 465253


Tom,

Electronic version is OK.

Vince

"Piazze, Thomas" <piazzet@wharton.upenn.edu> on 11/07/2000 10:25:45 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Background information

Vince:  I will be happy to do so.  Do you wish to have it in hard copy or
electronically?  If in hard copy, how many copies?

TOM

-----Original Message-----
From: Vince.J.Kaminski@enron.com
Sent: Monday, November 06, 2000 6:00 PM
To: piazzet@wharton.upenn.edu
Cc: Vince.J.Kaminski@enron.com
Subject: Background information

Tom,

Can you send me additional copies of the information about the WeBI
program? I want to distribute it internally.

Vince


Dear Ben,

Unfortunately, I have some bad news.  I just received a fax from Sidney who
reported that your application is going to be rejected notwithstanding the
fact that he wrote a letter in support.  Please give me a call and let's
discuss.

Dad


Mark,

Can you commence the process for ETA's and PA's for Bermuda?

Please advise as to how long you think this may take - and if the cost to us
is likely to exceed $US 22,000

Thanks,

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 07/17/2000
09:04 AM ---------------------------

Seth Hurwitz
07/17/2000 07:59 AM
To: David Forster/Corp/Enron@Enron
cc:

Subject: Bermuda

Dave, we'll pay the 15,000 pounds for the research on Bermuda law so that
Bermuda companies like Commercial Risk can transact on Enron OnLine.


----- Forwarded by Jeff Dasovich/NA/Enron on 09/28/2000 06:14 PM -----

	Mary Hain@ECT
	09/28/2000 05:38 PM

		 To: Susan J Mara/SFO/EES@EES, Mona Petrochko, jdasovic@ees.enron.com
		 cc: Christopher F Calger/PDX/ECT@ECT
		 Subject: Re: California Strategy RE: PG&E

FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 09/28/2000 03:45 PM
---------------------------

Christopher F Calger
09/25/2000 08:00 AM
To: James D Steffes/HOU/EES@EES
cc: Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Chris H
Foster/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Michael McDonald/SF/ECT@ECT,
Laird Dyer/SF/ECT@ECT
Subject: Re: California Strategy RE: PG&E

Thanks Jim.  ENA is very interested in this topic.  I was talking with Mona
last week about my view that a strategy with PG&E should be supportive, not
adversarial.    ENA is extremely interested in a gas management position with
PG&E and they have made it clear to us that our public positions against them
are a significant commercial issue.  I will spend some time with Portland and
SF to get an ENA consensus on these points.

Chris

James D Steffes@EES
09/21/2000 09:28 PM
To: Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Chris H
Foster/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT
cc:
Subject: California Strategy RE:  PG&E

FYI.

If you are not aware, PG&E is pushing for immediate end of their retail rate
cap (so they can collect wholesale energy costs).

EES is considering its positions in that matter to prepare for CPUC and
legislative proceedings.

I want to make sure that you are aware of these internal discussions.  Key
from EPMI include (1) endorse Cal ISO report conclusions, (2) competititve
default supplier, (3) increasing rate freeze for all customers, and (4)
transfer of PG&E Hydro to affiliate at $2.8B (to offset current
undercollection).

Please let me know if these positions make sense to you.  While I think that
our general position is retail volatility, given the current situation in
SDG&E that is simply impossible politically.

Please feel free to call.

Jim

---------------------- Forwarded by James D Steffes/HOU/EES on 09/21/2000
10:39 PM ---------------------------
From: Harry Kingerski@ENRON on 09/21/2000 03:54 PM
To: James D Steffes/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Jeff
Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Roger Yang/SFO/EES@EES
Subject:

I met with Dennis Benevides, Jim Wood and Scott Gahn about the PG&E strategy
we discussed and the EES perspective.  Suggestions:

Endorse the recent CAL ISO report on causes of the problem (no utility
forward buying, no demand responsiveness, etc) and say, with a few tweaks,
their proposals were on target.

Get CTC roll-off no earlier than Spring '01.  Retroactive roll-off would be
devastating.

Use PG&E $15 billion exposure as leverage to get competitive default supplier
in place (get them out of merchant supply).

Impose a stair-step shape on the rate increase, to prompt customer migration.

Keep PG&E somewhat at risk for wholesale cost recovery, delay recovery of
under-recoveries until out years.

Keep rate freeze (which is preferable to rate cap) to as short a period as
possible, post '01.

Here is a rework of Jim's bullet points to incorporate these thoughts:
  Keep in mind the numbers are all just placeholders and are not meant to be
definitive.  Once we start to hone in on the concept, we can develop the
right numbers.

From a retail perspective, this blends protection of the book with
advancement of new market opportunity.  I may still get more feedback from
the EES guys, but wanted to give you what I got so far.


what is this transmission for?  how critical is it?

 -----Original Message-----
From: 	Thome, Stephen
Sent:	Tuesday, January 08, 2002 2:51 PM
To:	Schneider, Chip; Calger, Christopher F.
Cc:	Helton, Susan; Gorte, David; Miller, Don (Asset Mktg); Aucoin, Evelyn; Plauche, Stephen; Belden, Tim
Subject:	APS Transmission Invoice

Chip,

I have a new critical vendor with a prepetition invoice.  Arizona Public Service provides us critical transmission between the major trading points in the Southwest.  We owe them $43,708.60 for November transmission charges.  They will cut us if we do not pay.  I have explained that this payment needs to go through the creditor's cash approval process.

They can cut us starting tomorrow, but have agreed to a stay if we pay our December invoice of $8,071.20.  I will be faxing this invoice for immediate payment.

Steve


Is 12:30 ok?  We are going to Dourbis.

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 10/13/2000 09:20 AM -----

	Nony Flores
	10/12/2000 05:55 PM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: Re: Lunch

I'm available.

nf

	Debra Perlingiere
	10/12/2000 03:34 PM

		 To: Nony Flores/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT
		 cc:
		 Subject: Lunch

Lunch tomorrow?

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


Transwestern's average deliveries (through Thursday) to California were 1138
MMBtu/d (104%) with San Juan lateral throughput at 830 MMBtu/d and Rio Puerco
at 48 MMBtu/d.  Total east deliveries averaged 73 MMBtu/d.

El Paso's deliveries to California were 2292 MMBtu/d (78%) :
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 627 MMBtu/d (55%)
- SoCalEhr, capacity of 1251 MMBtu/d, deliveries of 1130 MMBtu/d (90%)
- SoCalTop, capacity of 540 MMBtu/d, deliveries of 535 MMBtu/d (99%)

Thursday's posted Gas Daily prices:
 SoCal gas, large pkgs  36.79
 PG&E, large pkgs  12.275 (from Wednesday)
 TW San Juan      n/a
 TW Permian      5.91

Thursday's Enron Online bases:
  Mar  Apr  May  Jun  Jul-Sep  Oct
Perm-CA 9.07  3.795  2.595  2.595  3.295  1.895
SJ - CA  9.32  4.165  3.065  3.04  3.75  2.33
SJ-Waha   .14     .335    .435    .41       .42    .40
Perm-Waha   .11    .035    .035      .035    .035                   .035


Dear Julie,

I don't know if this is in time or not. We just got back from camping
at Enchanted Rock for the long weekend (the kids were off school
today).

We had our protest hearing for our set-back application on 9/20
before the Planning Commission. There was one property owner
who protested our application, so we had to go to the public hearing.
The short story is that our application was approved and forwarded
on to City Council, the last step in the process before Peden is
protected from building closer to the street than the average of the
existing buildings. We applied from Montrose to Taft on both sides
of Peden. The Planning & Development Dept. (P&DD) records showed
that we had 76% in favor, and most of the remaining 24% we couldn't
locate to ask to sign before we turned it in. There were two properties
that we slated to be demolished and converted to new townhouses.
With the new set-back in place, new construction is still allowed and
there are no other restriction placed on properties. We're just one step
away from being protected for 20 years. The guy who protested said
he was planning to tear down two adjacent single story bungalows
and build townhouses on the double lot. Mike Yates was the co-
applicant, but there was a lot of support and 20% of the signatories
showed up at the protest hearing! Sorry if this is disjointed, but
I'm really tired from our backpacking and climbing.

Hope this is in time! Let me know if there are any questions.

Carmen

P.S. We saw your van over in Southhampton a couple weeks ago!

-----Original Message-----
From:	theJulles [SMTP:thejulles@msn.com]
Sent:	Monday, October 08, 2001 12:48 PM
To:	emca@yahoogroups.com
Subject:	*EMCA* EMCA newsletter time

 << File: ATT00115.htm >>

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> NEPAL MOURNING TURNS TO VIOLENCE

The Nepalese government declares a curfew in the capital Katmandu as angry
mourners demand an explanation to Friday's massacre that left nine royals dead.
Security forces have been given orders to shoot troublemakers on sight as
debate rages over the palace killings.

.... http://www.cnn.com/2001/WORLD/asiapcf/south/06/04/nepal.shooting02/index.html
> TOLEDO WINS PRESIDENCY IN PERU

Former president Alan Garcia conceded Peru's presidential vote Sunday to
Stanford-educated economist Alejandro Toledo.

.... http://www.cnn.com/2001/WORLD/americas/06/03/peru.election.02/index.html

~~~~~~~~~~~
WORLD NEWS
~~~~~~~~~~~

> NEPAL MOURNING TURNS TO VIOLENCE

The Nepalese government declares a curfew in the capital Katmandu as angry
mourners demand an explanation to Friday's massacre that left nine royals dead.
Security forces have been given orders to shoot troublemakers on sight as
debate rages over the palace killings.

.... http://www.cnn.com/2001/WORLD/asiapcf/south/06/04/nepal.shooting02/index.html

> TOLEDO ELECTED PERUVIAN PRESIDENT

Former president Alan Garcia conceded Peru's presidential vote Sunday to
Stanford-educated economist Alejandro Toledo.

.... http://www.cnn.com/2001/WORLD/americas/06/03/peru.election.02/index.html

> MIDEAST CEASE-FIRE TALKS CONTINUE

Sporadic cases of violence have broken out in the Mideast, but the emphasis has
been on diplomatic efforts to uphold a cease-fire.

.... http://www.cnn.com/2001/WORLD/meast/06/04/israel.barkan/index.html

.....More World stories at http://www.cnn.com/WORLD

~~~~~~~~~~~
U.S. NEWS
~~~~~~~~~~~

> 'THE PRODUCERS' WINS A RECORD 12 TONY AWARDS

"The Producers," a musical satire of Broadway that makes fun of Jews, gays, old
women and Hitler, high-kicked its way to a record 12 Tony Awards Sunday night
in what amounted to a coronation of the biggest theater hit in New York in 25
years.

.... http://www.cnn.com/2001/SHOWBIZ/News/06/04/tonys.awards.reut/index.html

> TWO-TIME OSCAR WINNER ANTHONY QUINN DIES

Actor Anthony Quinn, best remembered for roles in "Zorba the Greek" and
"Lawrence of Arabia," died Sunday. He was 86.

.... http://www.cnn.com/2001/SHOWBIZ/News/06/04/obit.quinn/index.html

> AFTER STANDOFF, CHILDREN TO BE PLACED IN FOSTER HOME

The five McGuckin children who held off police in Idaho for five days will be
placed in a foster home, an official announced."The children will be placed
in the household of someone they know and all the children will be placed
together," Michelle Britton of the Idaho Department of Health and Welfare said
Sunday.

.... http://www.cnn.com/2001/US/06/03/idaho.standoff/index.html

.....More U.S. stories at http://www.cnn.com/US

~~~~~~~~~~~
BUSINESS from CNNfn
~~~~~~~~~~~

> GREENSPAN COMMENTS COLOR WALL STREET OPEN

Federal Reserve Chairman Alan Greenspan's perception that inflation isn't a
threat to the U.S. economy could help boost U.S. stocks as a new trading week
begins Monday.Early indications pointed to modest advances for the major U.S.
stock indexes when the markets open.

.... http://www.cnn.com/cnnfn/2001/06/04/markets/stockswatch/

> MICROSOFT, AOL SAID TO RESUME TALKS ON ONLINE DEAL

AOL Time Warner Inc. and Microsoft Corp. are back at the bargaining table over
whether AOL's software will be included in the soon-to-be released Windows XP
operating system, but a source close to the situation said the two parties
remain "far apart" on key issues.

.... http://www.cnn.com/cnnfn/2001/06/04/technology/wires/microsoft_aol_wg/

> BRISTOL-MYERS, BAYER SEEK DUPONT DRUGS UNIT

Bristol-Myers Squibb and Germany's Bayer are leading the auction race to buy
DuPont's drugs unit for up to $8 billion, a report said Monday.

.... http://www.cnn.com/cnnfn/2001/06/04/europe/bayer/

.....More Business stories at http://CNNfn.com

.....For market numbers see http://CNNfn.com/markets

~~~~~~~~~~~
Sports from CNN/SI
~~~~~~~~~~~

> IVERSON'S 44 LEADS SIXERS PAST BUCKS, INTO FINALS

Forget the conspiracies: Philadelphia is headed to the NBA Finals for the first
time in 18 years. Allen Iverson scored 44 points as the Sixers pounded the
Milwaukee Bucks 108-91 on Sunday in Game 7 of the Eastern Conference finals to
advance to a rematch of the 1983 Finals with the defending champion Lakers.

.... http://www.cnn.com/cnnsi/basketball/nba/2001/playoffs/news/2001/06/03/bucks_sixers_ap/

> WEBB CRUISES TO OPEN TITLE IN TIGERESQUE FASHION

Women's golf has a rivalry, but not in the U.S. Open. Karrie Webb proved again
Sunday she has no peer in the toughest championship. In a powerful response
to anyone who questioned the state of her game, Webb stole the spotlight from
Annika Sorenstam by crushing the field and winning the U.S. Women's Open in a
runaway for the second straight year.

.... http://www.cnn.com/cnnsi/golf/news/2001/06/03/womens_open_ap/

> WOODS STREAKS TO THIRD STRAIGHT MEMORIAL TITLE

Any chance Paul Azinger had of beating Tiger Woods had long since faded as the
two walked together down the soggy 17th fairway. There wasn't much to talk
about, but something still needed to be said. Azinger had entered the final
round of the Memorial Tournament with the lead, but was now seven shots behind.
Now, he thought Woods looked almost bored as he romped to his third straight
Memorial win. "I'm sorry I wasn't a better player for you today," Azinger told
Woods.

.... http://www.cnn.com/cnnsi/golf/news/2001/06/03/memorial_ap/

.....More Sports stories at http://CNNSI.com

.....For scores see http://CNNSI.com/scoreboards

~~~~~~~~~~~
POLITICS from AllPolitics
~~~~~~~~~~~

> GOP LEADER WARNS OF SENATE REORGANIZATION WRANGLE

A top Senate Republican leader warned Sunday that the GOP may put roadblocks in
the way of the chamber's transition to Democratic control this week unless they
get assurances that President Bush's nominees won't be blocked in committee.

.... http://www.cnn.com/2001/ALLPOLITICS/06/03/senate.reorganization/index.html

> BUSH TO HIGHLIGHT COMMITMENT TO EVERGLADES

President Bush is renewing his pledge to help restore the Florida Everglades,
with a tour later Monday of the celebrated but scarred wetlands.

.... http://www.cnn.com/2001/ALLPOLITICS/06/04/bush.florida.ap/index.html

> NEW SENATE JUDICIARY CHAIRMAN PLANS HEARINGS INTO FBI

The incoming chairman of the Senate Judiciary Committee said Sunday he intends
to hold "very serious hearings" into what he terms "egregious problems" within
the FBI.

.... http://www.cnn.com/2001/ALLPOLITICS/06/03/senate.fbi.review/index.html

> TAX REBATES TO START COMING IN JULY, O'NEILL SAYS

Uncle Sam will send a letter to taxpayers July 12, telling them how much they
will get back under President Bush's recently approved tax plan and when that
check will arrive, Treasury Secretary Paul O'Neill said Sunday.

.... http://www.cnn.com/2001/ALLPOLITICS/06/03/oneill.rebates/index.html

.....More Politics stories at http://www.cnn.com/ALLPOLITICS

.....Commentary & cartoons at http://www.cnn.com/ALLPOLITICS/analysis/

~~~~~~~~~
SCI-TECH
~~~~~~~~~

> NASA FAILS TO FLY FASTEST PLANE

The X-43A, a "hypersonic" experimental aircraft attached to a Pegasus booster
rocket, failed the first of three planned test flights Saturday.

.... http://www.cnn.com/2001/TECH/science/06/02/fastestplane/index.html

> UNIVERSITY COMPUTERS A PRIME TARGETS FOR HACKERS

Novice hackers who hone their skills amid a higher education culture known for
lax security and free exchange of ideas are now becoming more prevalent.
University computer systems also attract experienced hackers. Huge hard drives
make it easy to store illicit software and fast Internet access affords the
perfect staging ground for devastating attacks on corporate Web sites.

.... http://www.cnn.com/2001/TECH/internet/06/01/hacking.colleges.ap/index.html

> UNEARTH YOUR TAX SAVINGS ON THE WEB

"How much am I going to save?"That's the question on most people's minds when
talk turns to President Bush's $1.35 trillion federal tax relief plan. Now you
can find out -- or at least get an educated guess -- thanks to a free online
calculator that uses income figures and other data to estimate your savings
over the next ten years.

.... http://www.cnn.com/2001/TECH/ptech/06/01/intuit.calculator.idg/index.html

> POWER-CRUNCHED CALIFORNIANS SEE THE SOLAR LIGHT

Many Californians are enduring pricey electric bills and rolling power outages
during the current energy crunch. But some residents have avoided such
headaches by getting themselves off the electrical grid and on alternative
energy.

.... http://www.cnn.com/2001/TECH/science/06/01/solar.power/index.html

.....More Sci-Tech stories at http://www.cnn.com/TECH

.....What's new in high-tech? See http://www.cnn.com/TECH/index.html#tomtod

~~~~~~~~~
HEALTH
~~~~~~~~~

> DIAGNOSIS: AIDS THEN AND NOW

While scientists concede they may be far from a cure, today's AIDS drugs "are
nothing short of miraculous," says Dr. Jim Curran, head of the first government
task force on what was later called AIDS. Diagnosis of AIDS in the 1980s was
most often associated with quick death. It took more than a decade for
scientists to make real progress in prolonging and improving the lives of
people with HIV, the virus that causes AIDS.

.... http://www.cnn.com/SPECIALS/2001/aids/stories/diagnosis.then.now/index.html

> THIRD CASE OF NEISSERIA MENINGITIDES DIAGNOSED IN OHIO

A third case of Neisseria meningitides was diagnosed in this northeastern
OhioSaturday, after two teenagers died of the bacterial infection, and
healthauthorities have ordered most of the city's residents to undergo a
preventiveantibiotic treatment.

.... http://www.cnn.com/2001/HEALTH/06/02/ohio.meningitides/index.html

> FDA REPORTEDLY PROBES THYROID DRUG

The U.S. Food and Drug Administration has told Abbott Laboratories that its
thyroid drug Synthroid has a "history of problems" and cannot be recognized as
"safe and effective," according to a published report Friday.

.... http://www.cnn.com/cnnfn/2001/06/01/companies/synthroid/

> GONORRHEA CASES INCREASE AMONG US HOMOSEXUAL MEN

Rates of the sexually transmitted disease gonorrhea have shown a disturbing
increase among homosexual and bisexual men in the United States, federal health
officials said Thursday in a finding that suggests a rise in risky sexual
behavior that also could lead to AIDS.

.... http://www.cnn.com/2001/HEALTH/conditions/06/01/gays.gonorrhea.reut/index.html

.....More Health stories at http://www.cnn.com/HEALTH

~~~~~~~~~~~~~
ENTERTAINMENT
~~~~~~~~~~~~~

> 'THE PRODUCERS' WINS A RECORD 12 TONY AWARDS

"The Producers," a musical satire of Broadway that makes fun of Jews, gays, old
women and Hitler, high-kicked its way to a record 12 Tony Awards Sunday night
in what amounted to a coronation of the biggest theater hit in New York in 25
years.

.... http://www.cnn.com/2001/SHOWBIZ/News/06/04/tonys.awards.reut/index.html

> TWO-TIME OSCAR WINNER ANTHONY QUINN DIES

Actor Anthony Quinn, best remembered for roles in "Zorba the Greek" and
"Lawrence of Arabia," died Sunday. He was 86.

.... http://www.cnn.com/2001/SHOWBIZ/News/06/04/obit.quinn/index.html

> 'PEARL HARBOR' HOLDS OFF 'SHREK' AT BOX OFFICE

After suffering a heavy artillery attack from critics, the World War II epic
romance "Pearl Harbor" clung to the No. 1 spot at the North American weekend
box office, barely holding off the hit cartoon "Shrek," according to studio
estimates issued Sunday.

.... http://www.cnn.com/2001/SHOWBIZ/Movies/06/03/leisure.boxoffice.reut/index.html

> RAPPER GETS 10 YEARS FOR NIGHTCLUB SHOOTING

Jamaal "Shyne" Barrow was sentenced Friday to 10 years in prison for shooting
and wounding two people during a dispute between rap impresario Sean "Puffy"
Combs and another man in a Times Square nightclub.

.... http://www.cnn.com/2001/LAW/06/01/puffycombs.protege.ap/index.html

.....More Entertainment stories at http://www.cnn.com/ENTERTAINMENT

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You are a superstar!


John, I don't see that as a problem.  It was good to see you.

Regards,

Mark


thanks

-----Original Message-----
From: Boyt, Eric
Sent: Monday, October 22, 2001 11:40 PM
To: Griffith, John
Subject: FW:

John,  this is the information on the lighted course we discussed last week.....

Hackberry Golf Course

7777 S. Dairy Ashford, Houston, TX  77072

281-575-7791

See the map on the website at:

<http://www.houstongolf.com/hackberry/info.html>

Cost is as follows:

Before 7 p.m. - you have the option to walk the 9 holes for $16   -or-

ride for $21.50

After 7 p.m. - you must ride for $21.50


Mark- here is my response to your request. Call with questions.

Goal:
Total Foreign Exchange Exposure quantified and communicated to BOD.

Performance:
Project completed with final tranche of results reported to Finance Committee
Dec 11. The notional exposure as well as impact on potential impact on
earnings and CTA accounts have been quantified and reported to the BOD over
the past year according to a schedule that has strictly adhered to. Also, a
template and process has been established to be able to easily report changes
in the future. Enron has never had a comprehensive review of FX exposure
prior to this activity. As an aside, there has been a fair amount of hedging
activity resulting from this effort.

Goal:
Establish risk and trading control processes for risks unique to EES.

Performance:
Systems have been established and monitoring controls are in place across
EES. A thorough study of the DSM business has been completed and the results
presented to the Finance Committee. A RAC task force has been put in place
which has established a work plan consisting of 53 elements that EES has
agreed to put in place to get the overall back office and trading and credit
control systems where they need to be. Significant progress has been made
against these recommendations. DSM projects have been spot tested with
outside measurement firm and the results reported to EES. These tests have
highlighted focus areas to determine where the capital dollars are best
employed.

Goal:
Solidify the global risk management policy beyond Houston and London.

Performance:
Complete and Ongoing. During 2000, Project Doorstep was initiated by RAC
which inspected every office within Enron to determine if trading was taking
place and if so whether the Enron controls were being adhered to. A data base
system was developed to routinely prompt surprise inspections of these
offices and also monitor if the recommendations are being adhered to.
Doorstep was a huge effort involving RAC, AA, and operations to really
understand where we have risks. It also helps in defining where we don't have
responsibility such as EOTT,  Azurix  and The New Power Company.


Mark,
 Come over to my house on Saturday afternoon (around 3:00).  We can
go over to Tahiti at the ZBT house for a short while (I don't know many of
the brothers anymore but I still like to go to Tahiti).  At 6:00 we can go
to the Barnstormer for supper.  You are just in time to help celebrate my
birthday.  Dick and Sandy Giese,  Dick and Lorna Valentine,  Pete and Lynn
Loomis (Director of Building and Grounds), and Perry and Dalene White (Music
Dept for Perry and Dalene works for Dick Valentine) will all be present.
This will be the third year we have gotten together (Pete and I both have
birthdays next week).  We will all get a little crazy together.   Looking
forward to seeing you.
     Doc

-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Tuesday, April 17, 2001 12:01 PM
To: RICHARDK@monm.edu
Subject: Trustees meeting

Doc -

I'll be in town through Sunday morning.  Any chance we can get together for
dinner Saturday eve.?

Mark


plz call when you can. 415.782.7822. thx,jeff


Herewith as discussed.  Edmund

---------------------- Forwarded by Edmund Cooper/LON/ECT on 06/20/2000 08:09
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Lee, Ursula" <ursula.lee@linklaters.com>
06/20/2000 09:11 AM

To: "'justin.boyd@enron.com'" <justin.boyd@enron.com>,
"'edmund.cooper@enron.com'" <edmund.cooper@enron.com>
cc: "Pilley, Heather" <heather.pilley@linklaters.com>

Subject: Enron-MG Transaction

Justin, Edmund
Attached is the Agreement for the back-to back transactions and agency
services to be provided by MG.  Please call either Heather or me if you have
any queries.  Heather's direct line is 020 7456 4484 and my direct line is
020 7456 3757.
Kind regards
Ursula
 <<000619_HAP_Enron_Agreement.doc>>

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________

 - 000619_HAP_Enron_Agreement.doc


FYI Allegheny status - Sara

 -----Original Message-----
From: 	"Sternberg, Michelle" <MSternberg@aeglobalmarkets.com>@ENRON
Sent:	Friday, October 12, 2001 2:35 PM
To:	Shackleton, Sara
Cc:	Yaish, Yair
Subject:	RE: ENRON/ALLEGHENY ISDA

Sara -

I am checking internally if we can agree to the below.  I will get back to
you in the beginning of next week.

Regards,
Michelle

Allegheny Energy Global Markets
Office of General Counsel
909 Third Avenue, 32nd Floor
New York, New York 10022
(T) 212-224-8718
(F) 212-224-8446/8711

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, October 09, 2001 7:38 PM
To: MSternberg@aeglobalmarkets.com
Cc: Marie.Heard@enron.com
Subject: RE: ENRON/ALLEGHENY ISDA

Michelle:

With respect to your setoff request, we cannot agree to eliminate setoff
for your non-regulated affiliates.  Perhaps you could provide us with the
regulated affiliate(s) for a carve out.  I look forward to hearing from
you.  Regards.

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

    -----Original Message-----
   From:   "Sternberg, Michelle" <MSternberg@aeglobalmarkets.com>@ENRON

[mailto:IMCEANOTES-+22Sternberg+2C+20Michelle+22+20+3CMSternberg+40aeglobalm
arkets+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, September 26, 2001 11:14 AM
   To:     Shackleton, Sara
   Cc:     Heard, Marie
   Subject:  ENRON/ALLEGHENY ISDA

   Sara -

   As per Marie's instructions, please find attached a blackline
   incorporating
   the changes that will be required to be made in the final form of ISDA
   (modifications to the Notice and Set-Off provisions).  The attached is
   the
   last version that I have but if the changes are acceptable, I would
   suggest
   that you take the changes and incorporate it into your form of agreement
   since it is the final version.

    <<ENRON ISDA.REVISED 9.26.01.doc>>

   Once reviewed, please let me know if the changes are acceptable - at
   which
   point you can forward to me a revised Schedule (without the signature
   page)
   via e-mail and I can have the agreement countersigned and replace the
   Schedule with your revised Schedule.

   Thank you for your patience.

   Regards,
   Michelle

    - ENRON ISDA.REVISED 9.26.01.doc << File: ENRON ISDA.REVISED
   9.26.01.doc >>

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


thursday/friday work.  wednesday is bad.


The trade confirmation for your order(s) is now available online at etrade.com(sm).
Use the URL(s) below to view (customer log on required).

The information contained in this confirmation shall be binding upon you if you do not object,
either in writing or via electronic mail, within two (2) days after the confirmation is first received by you.

Document ID: 20010626025943764990060427
https://trading.etrade.com/cgi-bin/gx.cgi/applogic+accttaxbridge?page=CONFIRM&cmd=display&doctype=cnf&document_id=20010626025943764990060427
Document ID: 20010626025943764990060428
https://trading.etrade.com/cgi-bin/gx.cgi/applogic+accttaxbridge?page=CONFIRM&cmd=display&doctype=cnf&document_id=20010626025943764990060428


Matt-

I am unsure as to what Mike Dahlke is referencing when utilizing the term
"Business Model Patent".  If you believe it appropriate, perhaps you could
clarify this with him.

I note, that yesterday I was requested by Mike Grimes to join in on a
conference call that was in progress.  The question that Jae Moo had raised
was as to whether we could state to the Korean authorities that the Japanese
authorities had arrived at the conclusion that weather derivatives should be
categorized as a  commodity derivative, as opposed to a financial
derivative.  I informed the participants on the call that in Japan, weather
derivatives are considered financial in nature, most analagous under the
Japanese regulatory framework to FX and interest rate transactions. The basis
for this, is that there can be no physical delivery with a weather
derivative, as would be possible in a commodity type transaction, therefore
resulting in the classification of a financial derivative.

If I may be of further assistance, please contact me.  My office phone number
in Tokyo is 81-3 5219-4578.

Cheers,

John

	Matthias Lee@ECT
	07/20/2000 02:32 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edmund Cooper/LON/ECT@ECT, John
Viverito/Corp/Enron@Enron
		 cc: Angeline Poon/SIN/ECT@ECT
		 Subject: Meeting with Kim & Chang - EOL Korean legal survey

Alan, Mark,David, John, Edmund

I had a telephone conference with Kim & Chang/Enron Korea this afternoon. The
meeting was initiated by Mike Dahlke (APACHI Regulatory Affairs) and Jae Moo
Lee (Enron Korea).

Attendence:
Mike Dahlke (Enron)
Jae Moo Lee (Enron)
Michelle Lee (Enron)
Matt Lee (Enron- by telephone)
SK Hong (Kim & Chang)

Summary of issues discussed:

1. Whether Weather Derivatives will be classified as a Commodity Derivative
or a Financial Derivative, since Korea has no experience with such a product.

2. Commodity Derivatives are defined in the FETR but does not seem to capture
Weather Derivatives as reference is made to products that can be delivered or
received. Financial Derivatives are not defined.

3. Commodity Derivatives require a prior reporting the the Bank of Korea for
each trade. Financial Derivatives require prior approval from the Bank of
Korea for each trade. Failure to make report or obtain approval means the
Counterparty would not be able to remit funds to make payment.

4. Bank of Korea has informally advised K&C that, for Commodity Derivatives,
the report can be made by the foreign counterparty (ie. Enron) and,
notwithstanding it ought to be a prior report,  can be done as soon as
possible after the trade confirmation. However, Bank of Korea has the
discretion to reject any report made. This would make a trade effectively
unperformable or unenforceable.

5. Bank of Korea took on the role to receive such reports in April 1999 and
informally informed K&C that they have yet to receive a single report. Prior
to April 1999, reports were made to certain designated banks.

6. K&C advised that if the report is made by a Korean counterparty, it would
have to declare why it is entering into the transaction and the risk it is
hedging, but this requirement would not be applicable if the foreign
copunterparty makes the report. I am of the opinion that this statement
should be viewed with caution, especially since there is really no expereince
in Korea of such reports being filed with the Bank of Korea.

7. For Financial Derivatives, prior approval is required before a trade is
done and may take 3 to 5 days.

8. The reporting and approval requirements apply only to onshore Korean
entities.

9. In order to determine how Weather Derivatives would be classified, K&C
recommends approaching the Bank of Korea to make a detailed presentation. The
Ministry of Finance and Economy (which is the legislative authority) may have
to be approached if Bank of Korea is unable/unwilling to make a decision.
Such lobbying is likely to be protracted. I have asked K&C to make informal
enquiries as to whether Bank of Korea would likely classify Weather
Derivatives as Commodity Derivatives or Financial Derivatives, and whether it
would be receptive to presentation on Weather Derivatives.

10. K&C also advised that it would be preferred if the overtures to Bank of
Korea can be made by Korean companies with a real interest in doing Weather
Derivatives. K&C was of the view that Bank of Korea is conservative and may
view Enron with some suspicion as a foreign company "out to make lots of
money".

11. Mike Dahlke also brought up the issue of Business Model Patent in Japan
which he had spoken with John V. about. John - could you fill me in, in case
applicable to Korea?

It seems to me the main obstacle is the issue of reporting to/approval from
Bank of Korea.  The reporting requirement applies to Liquid Fuel Derivatives,
and the approval requirement would apply to the Financial Derivatives
potentially offered out of Enron Japan. The Korean regulations do not seem to
accomodate prompt telephone derivative trading, let alone instantaneous
online derivative trading.

Please advise next steps, in particular, do the commercial guys want to
proceed with approaching Bank of Korea and how would it be coordinated.

Meanwhile, I attach my comments and queries of K&C's memorandum for your
review. Please let me know as soon as possible if you have other comments for
me to revert to K&C.

Regards
Matt


Oh Hope,

So nice to hear from you!  I think about you all the time.  I miss not seeing
you every Tuesday!  Are you considering coming back any time soon?  If not, I
certainly understand, we are so "messy".  We just finished "Take it to the
Bridge" and I can say that it was certainly more organized than last year.
We performed at 4:00 for about 1 hour and we were free the rest of the day.
A big improvement over last year, although they wanted us there at 11:00 that
morning.  I just bought a new truck for me and the kids, a 2001 Chevy Tahoe.
I really like it, but I'm still trying to get used to driving something that
big, and it sits so high, whoa!!

I certainly am praying, just as you are, that the kids are doing great and
everything is going great for you.   We'll have to get together and do a
"afternoon at the park" with the kids.  Take care.

Love ya!

P.S. Now that I have your e-mail address, I'll e-mail more often!


Tell him we are sending his note on to the appropriate person.

MARY
CLARK
04/03/2001 03:23 PM

To: Steven J Kean/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron

Subject: Computers

Steve, I need your help in responding to this question.

Mary
---------------------- Forwarded by Mary Clark/Corp/Enron on 04/03/2001 03:22
PM ---------------------------

	From:  Sherri Sera                           04/03/2001 02:45 PM

To: Rosalee Fleming/Corp/Enron@ENRON, Mary Clark/Corp/Enron@ENRON
cc:

Subject: Computers

---------------------- Forwarded by Sherri Sera/Corp/Enron on 04/03/2001
02:46 PM ---------------------------

Anonymous

From: Anonymous on 04/03/2001 02:32 PM
To:
cc:

Subject: Computers

Since Enron and EBS are trying to cut costs and be more cost effective, why
would a vice president need an executive computer setup at home?  Especially
if they already have a laptop (provided by Enron)  they take home every night
and have taken advantage of the Click at Home program as well.  Since Enron
has gone through the expense of giving each and every employee the
opportunity of the Click at Home program, it seems to be a somewhat redundant
expense of which I might add is unnecessary in my opinion.

I feel it would behoove ALL EMPLOYEES, including executives, to be more
conscientious of costs and expenses to improve Enron's and EBS' bottom-line.
How can we ("Enron") be a world leading company if we don't have leading
world leaders that spend Enron's money as if it were there own.

I think it would be in Enron's best interest to set some guidelines regarding
expenses such as these.  Just because a person is an executive of the company
why should be allowed to have anything they want just because they can?

Thank you for your time and the opportunity to express myself.  Especially
since I am a shareholder also and care where the money goes.


Per Grigsby, all ten traders have signed on and the products are fixed.  Thanks.
PL

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, January 28, 2002 1:31 PM
To:	Love, Phillip M.; Winfree, O'Neal D.; Palmer, B. Scott; Giron, Darron C.
Subject:	EOL products

Now that we know which traders will be moving over, or we should, we need to make a second pass at the EOL product list.  Can you confirm with your desk heads that the list of names we have is correct, and then update the product mappings by tomorrow afternoon?

O:\erms\erms_adm\netco\controls\Trader-Book template (US Gas)_EOL new books.xls

Thanks

KK


ESTIMATED Actuals

Teco Tap       20.000

As soon as we get a e-mail from Duke I will send it to you.


We received the executed EEI Master Power Purchase and Sale Agreement dated 11/6/01 from the referenced CP.  The document will be scanned into Livelink.


A;0042029;PPRSDNTS  ;014;008;N;Danny McCarty;Danny McCarty - (Approved);

;@@@@@@@@@


I wanted to extend my thanks in advance to all of you who will join me in the
office on January 1, 2000.  I appreciate your willingness to devote part of
your holiday weekend to the continuing success story at Enron.

As a company, Enron has spent much time and effort to ensure that business
will continue smoothly as we move into the year 2000.  Ken Walther, in
working with many of you, has done an excellent job of preparing a work plan
for January 1.    Your  work on the first  will be the final step in this
process.  Your efforts that day will allow all ENA employees to return to the
office on January 4th with confidence in our ability to continue business as
usual.

I wish each one of you a happy new year.  I continually feel privileged to
work with this dedicated and talented group of  employees.  I look forward to
all that we will accomplish in 2000.


---------------------- Forwarded by Chris Germany/HOU/ECT on 07/18/2000 04:25
PM ---------------------------

Timothy L Ray@EES
07/18/2000 03:59 PM
To: Michael H Garred/HOU/EES@EES
cc: Chris Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON
Subject: Please Take Charge

Mike;
Can you and Dave coordinate with Scott on the issues that we are currently
facing? Thanks

---------------------- Forwarded by Timothy L Ray/HOU/EES on 07/18/2000 03:56
PM ---------------------------

Scott Goodell@ENRON
07/12/2000 10:25 AM
To: Timothy L Ray/HOU/EES@EES, Chris Germany/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT
cc:
Subject:

Congratulations on your purchase of CES Retail.  Chris and I usually handle
the capacity so we wanted to touch base with you before August business
begins.
Are you keeping the CES entity for the month of August or switching to TNPC?
If you don't switch for August, when do you expect the name change to occur?

If you stay under the CES name, business should proceed as usual.  If you
switch, keep in mind:

For the Columbia Choice programs, the utility is required to release to the
party responsible for billing Choice customers.  For July- Columbia Maryland,
Columbia Virginia, and Columbia Ohio released space to CES then I would
re-release the capacity to ENA for nomination purposes.  This would refund
the original shipper the demand charges, then ENA would receive the transport
charges and bill CES direct.  Do you have an entity for Columbia Gulf and
Columbia Gas for this?  If you do, please submit paperwork for ENA to have
agency rights.  If not, call Erin Scott at 713-267-4212 to set up your
business party.

For Atlanta Gas Light, said they will continue to release to ENA, unless told
otherwise.  Releases begin 7/19 for August allocations.

I will be out of the office 7/13, returning 7/21, so call Chris with any
questions.
Scott


I am sending via fed ex a copy of the following info on Boston Gas/Colonial:

1. 11x17 map showing Tennessee routing through Colonial system
2. 8x14 map showing the various upgrades under discussion w/Boston Gas
3. recent information from Boston Gas on capacity/delivery pressure from BG.

Our understanding/expectation is that Tennessee will be increasing its line
pressure to accomadate potential back hauls now that Maritimes is tied in.
The
expected pressure on TGP is expected to rise over 600 psi.  This will have a
big
impact on deliverability.  Colonial serves ULP by drawing from Tennessee at
Tewksbury, and also has a LNG facility at that site.  In order to ensure that
LNG can always be injected into their system, BG needs to regulate pressure to
no more than 600psi at the city gate.  Currently the line is running from
300psi
to 600psi throughout the year.

Can you confirm our assumptions?

We are looking at the various options, but clearly option 3 looks best.  We
will
be sending follow up questions tomorrow on quality of service (pressure drop,
"firm" service), throughput charges, and other clarifications.

We are asking BG for a meeting date next week, on either March 29 or 30; we
would like ENA to join us in these negotiations.  Let us know if these dates
work for you.

Lets discuss tomorrow once you receive this information.


thanks --- have a terrific weekend!

 -----Original Message-----
From: 	Jones, Tana
Sent:	Friday, October 12, 2001 10:33 AM
To:	Gray, Mary Griff
Subject:	RE: Hunt Oil Company of Canada

I will get them done today.

 -----Original Message-----
From: 	Gray, Mary Griff
Sent:	Friday, October 12, 2001 7:42 AM
To:	Jones, Tana
Subject:	Hunt Oil Company of Canada

Miss Tana ---
How soon will this be processed?
Thanks,
Griff


The Washington Global Finance office is chartered with the responsibility to
support Enron's activities with the Washington-based financing institutions -
OPIC, EXIM, and the multilateral institutions - the World Bank and IFC and
the InterAmerican Development Bank.  Every project financing done by the
company in the emerging markets over the past several years has involved
these agencies and this year is no exception.

 In the past six months we have supported five projects before these
institutions:
  Cuiaba - Disbursement is now projected for mid-August.  OPIC is pleased
with the progress.  We have had to tweak the process to keep the project
moving forward; that process has been successful.  We have also been heavily
involved in the environmental aspects of the project, working with the
project team on the Environmental Health and Safety program, the
international NGOs and the Conservation Program to keep these aspects on
track.
  Gaza -  We have been heavily involved throughout the first half of the year
getting OPIC to a Board vote which was successful in March.  We used the
Department of State and other agencies to pressure OPIC politically to do the
deal.  Since the board vote the developers have been focussed on the
financing with Arab Bank but we are now in a process of pushing State to get
OPIC to move forward to financial close on reasonable financial lterms and
conditions.
  Guatemala barge mounted plant at Puerto Quertzal - OPIC and MARAD are to
provide financing. We have been working with the finance team to keep the
project moving forward and are now looking at fijnancial close by the end of
the summer.
  Argentina water for the Province of Buenos Aires -   This office is pushing
both the financing parties, OPIC and IDB, and Azurix to an end of September
Board approval on a financing that started late spring.  the time frame is
extremely short but unless we keep on schedule we will lose close to six
months.  We are driving the schjedule and then overseeing all parties to keep
the financing on track, so far successfully.
  RioGen -  We have been working with the Rio team to ensure that
consultation on the environmental assessment is conducted properly to avoid
Cuiaba type problems and help the IDB financing.  We are getting the
requirements with the team sorted out so that the process will go forward in
an appropriate manner.

 In the past six months we have supported the development efforts of the
following projects:
  Nigeria - We were heavily involved in getting the World Bank to back away
from their opposition to our project, as well as getting the State
Department, DOE and Treasury to aggressively support our efforts to conclude
a deal in Lagos.  We finally persuaded the Bank to take the position that it
was not fully current on the status of the project and so could not comment.
The USG supported our efforts and did help the process by which Enron was
finally able to conclude a deal.
  Camisea - We were heavily involved in sorting out the environmental
requirements for this project in Peru to go forward.  We spent considerable
time educating the developer team on these requirements.  We met on several
with the Peruvian Minister of Energy and had  him meet with OPIC, IDB and the
World Bank to better understand the impact of environmental issues on
financing.
  Bulacan Biomass project, Philippines - We are working with the project team
to obtain political risk insurance for the project through OPIC or MIGA.
  LNG project, Venezuela:  We are working with the finance team exploring
OPIC, IFC, IDB financing for this project.
  Pipavov power project, India - Working with the project team regarding
OPIC, IFC financing for the project
  Subsea fiber laying project, Caribbean:  We have undertaken discussions
with financing and other institutions re sub-sea fiber laying jproject,
including addressing licensing requirements of the FCC for international
telecom projects.
  SIEPAC - We have had meetings with the project team on the status of this
Central American electricity transmission project and how we might get
involved.
  Puerto Suarez - We have been working with the project team to address
environmental issues relating to the transmission line that is in the
Pantanel in preparation for OPIC or IDB financing.
  Cuiaba II - We have been working with the team to develop a strategy to
address the siting of compression stations so that the environmentalists will
not create major problems.  This is a problem for both Phase I and II.
  EES Projects in Southern Cone and Eastern Europe - We have met with the
IDB, IFC and OPIC and have arrived at an agreed upon financing strucure which
now awaits EES projects in these regions.

 In the past six months we have also been involved in supporting our existing
asset base on a variety of issues before these institutions as well as to
agencies of the USG:
  Dominican Republic - Have been working with the DR team to broaden pressure
on the government regarding our payment problems, including the IFC and World
Bank, the IDB and the USG, especially State, Treasury and DOE.
  Trakya, Turkey -   We have been working with the asset team to mobilize USG
support through OPIC, EXIM, state and Treasury to address payment problems.
the USG is now aggressively supporting Enron in our effort to get these
issues under control.  We are also in discussion with OPIC and EXIM about the
prospective selldown of our equity interest in Trakya, as we are for Cuiaba
and Dabhol.

 In the past six months we have also been involved in a range of other issues
of importance to the company:
  Transfer issues:  I have developed a strategy as to how to approach OPIC,
EXIM, MIGA and the other financing institutions in the event there is a
transfer situation. We are now awaiting whether it will be needed.
  OPIC in Mexico:  As part of our overarching relationship with OPIC we have
agreed to spearhead an initiastive to assist OIPIC develop a program in
Mexico.  that effort has been very well received by OPIC and George Munoz and
is ongoing.
  EXIM Relationship:  As part of our effort to establish a relationship with
EXIM and Chairman Jim Harmon we agreed to spearhead the analysis of the
market windows issue.  the effort has been very well received; Joe Sutton is
now on the EXIM Advisory Board and Enron will be on the commission
considering EXIM's future.  Harmon and EXIM have been very complimentary of
Enron's initiative in this regard.
  Environmental Issues:  I am working with Kelly Kimberly and her team, and
with the Southern Cone to better address our environmental needs in that
region and throughout the emerging markets.

EES financing

Liberalization efforts - SCone, Petrobras

OPIC - efforts in Mexico


Attached is a paper that was filed at the FERC by Paul Joskow and Ed Kahn.  I
assume it was attached to SCE's comments in the FERC price caps proceeding.

This study appears to be the most definite analysis so far of the question:
did market fundamentals or generator market power cause the price run-ups
this summer?  Joskow/Kahn conclude that although much of the run up was due
to gas prices and NOx costs, that the market was unworkably competitive;
i.e., the cost run ups do not fully explain the price run ups.  Further, they
provide what they claim is evidence that individual generators withheld this
summer.

Joskow/Kahn state: "Moreover, there is considerable empirical
evidence to support a presumption that the high prices experienced in the
summer of
2000 were the product of deliberate actions on the part of generators or
marketers
controlling the dispatch of generating capacity to withhold supply and
increase market
prices."  Biggest withholders in their analysis are: AES/Williams, Reliant,
and Dynegy

Marketer/traders are largely but not completely spared criticism in their
analysis.  Joskow/Kahn recommend that FERC staff undertake a study of the
entire WSCC data to "Determine the role of marketers in the production and
bidding behavior of the California generators." and to find out more why CA
imports fell.

It will be interesting to see how the CA generators react to this study.

My initial read is that this is will be received as an important, influential
work.  It will fuel the fire for more information release, especially by the
UDCs and CA regulators--at least release of physical operational data.

I would be interested in your reaction to the study.  In terms of potential
criticisms: I noticed that their gas prices might be low (used monthly
average data rather than daily).  They also did not account for generator
marginal profit or margin recovery to account for possible outages and
noncontiguous schedules.   Finally, they do not examine the benefits that
would have accrued had additional capacity come on line.

Alan Comnes


Please contact Iris Waser at x36059 if you or someone you know want to sell their Cirque du Soleil tickets?
Iris has received several inquiries for tickets.

Thanks,
Donna


About the third time I read your email I understood it.  I kept reading Jaime
as the English name Jamie (Jay-me).  I had no clue what you were talking
about.  But don't worry I'm caught up now.

And I thought I had bad eating habits...I've never had pepperoni pizza for
breakfast.  I still have half of this king cake left, and I'm not  taking it
home b/c I have another one there, so you need to come get some.

I'd have a little fun with your friend before you tell him the truth...that
you blew him off.

R

Gabriel Monroy
02/20/2001 10:31 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re:

Jaime just sent me an email apologizing because he could not find me. He said
that he asked everybody (friends you have not met). A couple of Nicaraguans,
and  some other colombians.  Before Jaime, Hector and I moved out of Austin,
I used to hang out with all these people. Harry does not particularly like
them, but Ramiro was also part of this group.  Anyways, Jaime kept asking for
Harry's phone number and nobody knew his phone number, so he thinks he stood
me up.

Hmmm, what should I say. Should I say I was waiting for his call all weekend
long, or just tell him the truth?

Yeahh I want to try your King cake.  I am not hungry at all though. OUr
assistants kept getting creative every day and our breakfast was getting
better and better. I am not sure what happened last time they ordered. They
must have been stoned. We had Peperoni calzone for BREAKFAST!!!!!!!. The
worst part is that I ate one. My stomach is a little upset.  Too much junk
food in less than 24 hours.


Company: 000236     Arng: 70457-00001     Eff Date: 2001-06-06

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    10,333                10,333
Working                      10,333                10,333
Capacity Allocation               0                     0  PAL
Confirmed                         0                     0


We have received an executed Termination Agreement between ENA and El Paso
Merchant Energy-Gas L.P. ("El Paso"), dated October 12, 2000 but effective as
of December 1, 1999.  This Agreement terminates the ISDA Master dated April
20, 1995, which was assigned to El Paso by El Paso Merchant Energy-Gas
Company on December 1, 1999.  ENA and El Paso then entered into a new ISDA
Master dated June 30, 2000 but effective as of December 1, 1999.  All
transactions should be conducted under the June 30, 2000 Master.


Gloria, the difference between the two pipes for July 2000 is the actuals came in lower than what was nominated and scheduled on MOPS.  There isn't anything we can do about that difference, hopefully there is some kind of OBA that takes those variances.

Sabra

 -----Original Message-----
From: 	Barkowsky, Gloria G.
Sent:	Friday, June 22, 2001 4:50 PM
To:	Garcia, Clarissa; Farmer, Daren J.; Dinari, Sabra L.
Subject:	EPGT

Clarissa - Thanks so much for all your help with this pipe!  Everything looks great.  I just have a couple of paths
that I need to finish it:

January 2000 - I need deal #854688 pathed for EPGT and for TETC.  According to the invoice, we should have
                      11,129 dth on the interconnect.

February 2000 - I need deal #871184 pathed for HPL and CHAN.  HPL should have 3,600 dth and CHAN should
                       have 11,500 dth on the interconnect.

July 2000 - Deal #871172 has an interconnect issue.  According to MOPS contract #105124, they received 8,275 dth
                 on the Matagorda 624, but according to EPGT, they delivered 10,362 dth to HPL (?)  Could this possibly
                 need to be split somehow, or do you have any other ideas?

Let me know.  Thanks, Gloria 3-7118


You like to handle, or would you like me to?

	Marianne Castano@EES
	09/27/2000 09:01 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: SDG&E Credits

---------------------- Forwarded by Marianne Castano/HOU/EES on 09/27/2000
09:02 AM ---------------------------

	Enron Energy Services

	From:  Marianne Castano                           09/27/2000 09:00 AM

To: Mona L Petrochko/SFO/EES@EES
cc: Diann Huddleson/HOU/EES@EES
Subject: Re: SDG&E Credits

Jeff & Mona:  We have confirmed that our contracts are silent on the issue.
Question remains as to what the language of the original decision was...Can
you suggest someone who can dig into this for us?  Should I just phone Mike
Day?  Let me know...MLC

From: Jeff Dasovich on 09/22/2000 10:22 AM
To: Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Richard
Shapiro/HOU/EES@EES, Marianne Castano/HOU/EES@EES, Harry
Kingerski/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: SDG&E Credits

Likely needs to be a legal analysis based on the language of the original
decision etablishing the credits.  But seems to me that we have a deal with
our customers to receive service according to price, terms and conditions
stated in our contracts with those customers, and that the contract language
would govern how the credit is treated.  If  the contracts don't speak to the
issue of credits, seems that our contract agrees to provide rez customers
with service for a a certain price, and as such, it would be up to us whether
we flow it through.  But a lawyer, I am not.  Are our contracts silent on the
issue?

Best,
Jeff
----- Forwarded by Jeff Dasovich/SFO/EES on 09/22/2000 10:16 AM -----

	Marianne Castano
	09/22/2000 08:41 AM

		 To: Mona L Petrochko/SFO/EES@EES, Jeff Dasovich/SFO/EES@EES
		 cc:
		 Subject: SDG&E Credits

Can either of you help me out with this question?   MLC

---------------------- Forwarded by Marianne Castano/HOU/EES on 09/22/2000
08:41 AM ---------------------------

	Enron Energy Services

	From:  Karen A Cordova                           09/21/2000 05:00 PM
	Phone No: 713.853.3150
  713.646.8860 - FAX No.

To: Marianne Castano/HOU/EES@EES
cc:
Subject: SDG&E Credits

Diane Huddelston called Lori Pinder about an issue;  Here it is:

Due to the merger btw SDG&G & Sempra Energy (about a year or less ago), a
savings was realized.  The CPUC said these savings must be passed on to
customers 1 time per year, in September.  They are called Annual Merger
Credits.

Pursuant to all commercial contracts, Enron is entitled to keep the savings
(per Diane).  What about the residential customer accounts?

Enron keeps the savings or should the residential customer receive?

Who could handle this issue for Diane?

Thanks, KC


David,

Can you forward a copy to me of your current GTC?

I note that the language is similar to other EnronOnline Products, which is
good for consistency. However, I note that there has been a subsitution of
Calculation Period where other products use Determination Period. However, I
gather that for power, Calculation Period is 1/2 hour, whereas for other
Products, Determination Period is generally one month. I hope this does not
cause problems if the GTC language has been borrowed from other Products.

Would the following amendments clarify the MW/Mwh/Calculation Period
relationship?

Current:  The Counterparty will submit a volume in megawatts (MW) via
EnronOnline. This number will be divided in half to convert it into MWh. This
number will be used to calculate the Notional Quantity per Calculation Period.

Suggestion: The Counterparty will submit a volume in megawatts (MW) via
EnronOnline. This number will be divided in half to convert it into total MWh
delivered in each 1/2 hour Calculation Period, which shall be the Notional
Quantity.

Current: The Index shall be the spot price at the Victoria . . .

Suggestion: The Index shall be the spot price published for each 1/2 hour at
the Victoria . . .

Thanks,

Dave

David Minns@ENRON_DEVELOPMENT
02/02/2000 06:41 AM
To: Mark Dilworth@ECT, David Forster/LON/ECT@ECT
cc: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Australian Power: EOL Long Form Description

Mark

I would like to thank you for your review of our draft product description.
The benefit of your experience is invaluable in assisting us to develop our
forms.

I had a couple of reservations about some changes you proposed.

In particular the changes  to the Swap product description  would involve the
Fixed and Floating Price in  each Calculation Period (half hour) being
averaged over a Settlement or Determination Period. The payment obligation
would  then be multiplied by the Notional Quantity Per Settlement Period to
get the amount payable on the Settlement Date.   This not the way electricity
derivatives are traded on the Australian electricity pool.   In addition to
being inconsistent with the terminology both within our documentation and
industry agreed forms we would have difficulty in having this new trading
form adopted by the market.

In brief, in Australia electricity trades occur  in the following manner:

- Trades are calculated on the basis of  discrete half hourly Calculation
Periods.

- Payment obligations for these Calculation Periods are then aggregated  on
Settlement Date each month. The Settlement Date is defined as the day each
month when parties are obliged to make payments under the National
Electricity Code.

- It is the market custom for the Notional Quantity to be quoted in MWs.
This number is then divided in half to calculate to convert it  into MWhs,
which becomes the Notional Quantity per Calculation Period.  (To ensure its
consistency with market practice we have determined that amounts should be
quoted in MWs then converted in this manner into MWhs. This is explained in
the product description

Mark Taylor and myself discussed the principles that should be followed in
preparing long form product descriptions.  Whilst we should endeavour for
consistency in drafting and in terminology amongst products, the primary
concern is to ensure that the terms used in the long form descriptions are
consistent with our GTCs,  other relevant contractual arrangements with the
counterparties and market trading forms.  There are also  practical reasons
for adopting terminology used in a particular market.  We would have some
difficulty in attempting to market EnronOnline to potential counterparties if
we also simultaneously convince them to commence trading on another type of
product.  Furthermore, departure from agreed forms of trading will increase
the transaction risk.

I would be interested in getting your views as we are planning to turn out a
number of descriptions over the next week based on our original form.
---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on
02/02/2000 02:16 PM ---------------------------

Paul Smith
02/02/2000 12:33 PM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Allan Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Australian Power: EOL Long Form Description

David,

I have changed the description of the reference load shape for OffPeak and
Flat trades. Can you pls OK these before I proceed with other regions. In the
meantime, I will use the original Peak template as the base for options.

Rgds
Paul

David Minns
31/01/2000 15:05
To: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Australian Power: EOL Long Form Description

The major change is the adoption of a new product into Australia. The current
arrangement is for trades to be effected in discrete 30 minute Calculation
Periods settled monthly in accordance with an the NEMMCO calendar. What is
proposed is for the floating amounts to to be averaged over a Settlement
Period. The implication is that the "Average Floating Amount" is this the
Average Floating Price multiplied by the number of Calculation Periods. This
should equate to the same figure. There are a couple of concerns

This  is not what is currently traded. There are no definitions to cover
these terms. We would also have to amend the GTCs and existing ISDA
Agreements to be able to trade this type of Product. Apart from additional
definitions issues such as rounding conventions for averaging would also need
to be addressed.
We will need to educate potential counterparties as to this produce.

There is also a change to require counterparties to quote a volume per
Settlement Period. A figure is quoted in MW and then multiplied by the number
of hours within the Settlement Period to get the "Notional Quantity Per
Settlement Period". Assuming this is limited to the number of hours within
each  "Victorian NEM Peak" during the Settlement Period it should work. But
there will need to be an explanation that the Average Floating Amount is the
Average Floating Price multiplied by the  Notional Quantity Per Settlement
Period.

If we must adopt this form then we have no choice but I believe that it will
cause difficulties in implementing EnronOnline. We will need not only sell
the system but also new products. A further level of complexity will be added
to trades as we attempt modify the current Australian market conventions.

Paul Smith
01/26/2000 07:45 AM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Australian Power: EOL Long Form Description

David,

Here is the response from Mark.

Comments?

Rgds
Paul

---------------------- Forwarded by Paul Smith/ENRON_DEVELOPMENT on
26/01/2000 07:48 ---------------------------

Mark Dilworth@ECT
26/01/2000 00:34
To: David Forster/LON/ECT@ECT
cc: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Australian Power: EOL Long Form Description

David

I have reviewed the language sent by Paul.

The description is broken down into 8 paragraphs - for the record:

Paragraphs 1, 2, 3, 7 all cover details usually covered in the Product Type
description (7 is actually settlement date[s] for which we do not have a
separate attribute).

Paragraph 4 is reference period.
Paragraph 5 is Index.
Paragraph 6 is loadshape.

These look fine to me - subject to my observations on whether we can use the
'Averaging' language.

Paragraph 8 covers 2 attributes - currency (looks fine) and Unit of Measure -
for which I suggest we go with our current language for MWh - which details
that the volume submitted by the counterparty is MWh per hour.

The product type language does not refer to determination (or settlement)
periods, but calculation periods (half hourly) - and then details the
computation of volume for a calculation period.

If we are consistent with the approach used in other products we would refere
to the average reference price (being the index) within a determination
period and further define the determination period. (If we average this also
changes the loadshape language).

I have attached a document with the language I would propose referring to
averaging.

Paul

I have reviewed the descriptions comparative to those already held for power
financial swaps on the system. David may have further comments.

David is not back until 7th Feb. and you may wish to have your legal team
consider if the 'averaging language' can be used in Australia before he
returns. If it can not I suggest we could add the definition of determination
period, and state that the settlement amount is the aggregation of the
amounts computed for all calculation periods within the determination period.

The second attachment purely takes the language from your document and orders
it as it would appear assuming all the attribute descriptions are as per my
breakdown above.

regards

M

Paul Smith@ENRON_DEVELOPMENT
24/01/2000 07:00
To: David Forster/LON/ECT@ECT
cc: Mark Dilworth@ECT, Allan Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elena Kapralova@ECT

Subject: Re: EOL Long Form Description

Apologies.
Please use this attachment as the prior attachment is incorrect.

Rgds
Paul


Robin,
$4.1 M was to have been reduced from our Q1 trading income to break out the
origination correctly.  It looks like this was never done in your report.  I
thought it had been based on previous Emails.  I don't think the p&l in your
report is correct as it is $4.1M too high.  This is what our trading income
at Dec 31 should be.  Note:  the DPR was never adjusted because the LTD and
YTD numbers do not exclude orgination income.  It also looks like the break
out by trader is not quite right

Kathy

Robin Rodrigue
12/08/2000 10:58 AM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: Re: Canada p&l

Kathy,

I am attaching a copy of the NGPL that was reported as of this morning.  If
you look at the by Trader P&L, we are off from your spreadsheet by
approximately $3.6 million USD for December and approximately $7.6million
year to date.  The $7.6 consists of the December variance and the $4 million
variance that we discussed earlier (originations).  However, I spoke with the
Chris Able from the Controls group, what we are reporting for originations
and for Canadian p&l ties to the DPR.   This leads me to believe that either
our number already includes the origination adjustment or the origination
adjustment was never made to the DPR.  To help resolve the December variance,
I have added a tab to your file to show what we have reported each day for
December.

Remember the p&l we are reporting by trader excludes originations.  Give me a
call when you have time and we can try to resolve these variances.

Thanks,
Robin

Kathy Reeves
12/07/2000 06:46 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Canada p&l

Robin
I would like to make sure before year end that the p&l being reporting for
Canada ( trading profits only) equals what I think it is as per attached:

Would you let me know what you are currently reporting for Canada.

Thanks
Kathy


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
02:22 PM ---------------------------

	From:  Shalesh Ganjoo                           01/23/2001 09:30 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Energy Risk Management Book

Vince,

As per our conversation I am sending you this request for a copy of the
article on building forward curves for Electricity.  Please let me know if
you need any further information.  Thank you.

Shalesh Ganjoo


LAST CHANCE for Open Enrollment!

If you would like to make changes to your 2002 Health Benefit selections, you have until this Friday, 11/30/01 at 3:00 PM Pacific (5:00 PM Central).  The systems are open for one week only to make changes, additions, and deletions.

You can access the web site address at enron.benefitsnow.com   or  by calling 1-800-332-7979.

Please let me know if you have any other questions.

Julie Kearney
503) 464-7404


send your resume and i will get it to the right people.

 -----Original Message-----
From: 	"Marcantel MM (Mitch)" <MMMarcantel@equiva.com>@ENRON [mailto:IMCEANOTES-+22Marcantel+20MM+20+28Mitch+29+22+20+3CMMMarcantel+40equiva+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, May 22, 2001 10:18 AM
To:	Lenhart, Matthew
Subject:	RE:

Next weekend would be better for me. I was looking forward to stretching
this weekend out as much as possible... and not being in a car for 6 hours.

Boone will be pissed if we take off. He wants to booze on Saturday and
Sunday.

Where do you think we'll have the most fun? That's what's really important.
If you think Austin will be more fun, then maybe we should go.

Thanks,

Mitch Marcantel

SAP Application Services
 1100 Louisiana St. 808B
 Houston, TX 77002
 Phone: 713.277.8511 Fax: 713.277.8551
 Pager: 800-759-8888 pin1528390
            1528390@skytel.com

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, May 22, 2001 10:07 AM
To: MMMarcantel@equiva.com
Subject: RE:

did you get chad's email?  i would rather go up next weekend.  i will go up
this weekend if you are up for it, but if not i think we need a good
excuse.

    -----Original Message-----
   From:   "Marcantel MM (Mitch)" <MMMarcantel@equiva.com>@ENRON

[mailto:IMCEANOTES-+22Marcantel+20MM+20+28Mitch+29+22+20+3CMMMarcantel+40equ
iva+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Monday, May 21, 2001 9:27 AM
   To:     Lenhart, Matthew
   Subject:  RE:

   Let me know if we will need a 4th person to play on Friday afternoon. A
   guy
   I work with may be able to fill in if no one else can join us.


At you convenience, please give me a call re Virginia Power.

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