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 09/08/2000 01:22 PM -----

	Richard Jeffrey@ENRON
	09/08/2000 12:34 PM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: work schedule

Debra I have changed my class schedule thus need to change my work schedule.
I wil be here on wednesdays, thursdays and fridays from 12:30-5:30.  Thanks.

Richard


Christi,

I'm so glad you wrote, not just because the information is so important, but
also because I've been meaning to return your call.

I look forward to working with you on this and other issues. I'm sure I'll be
calling with questions soon.

Kay


Things are not always as they seem based on further due diligence.
---------------------- Forwarded by Stanley Horton/Corp/Enron on 05/21/2001
12:56 PM ---------------------------
From: Jerry D Martin/ENRON@enronXgate on 05/17/2001 05:31 PM
To: Stanley Horton/Corp/Enron@Enron, Phil Lowry/OTS/Enron@ENRON
cc: David Sztroin/GCO/Enron@ENRON, Jordan Hunter/ENRON@enronXgate, Dan
Cole/Remote/Eott@Eott

Subject: EOTT Hunt Pipeline Update

Stan & Phil ) a quick update on the status of our activities on EOTT,s Hunt
Pipeline this week.

o On Monday, Jordan and David Sztroin drove as much of the pipeline as
possible in preparation for Tuesday,s meeting.
o On Tuesday, Jordan, David and Dan Cole met with representatives from Boots
Smith Construction in Laurel, MS to discuss the project.  Discussion centered
around the pipe size (108 being the most likely), and what was included in
the lump sum construction price from Boots Smith.
o His price did not include a number of items, such as concrete coating,
stream crossings, wetlands installation (including mats), directional drills,
silt fencing, and several other identified items.  He has provided, or will
provide, unit prices for some of these items; we will estimate the balance.
In addition, his price is for construction now, and could change if
construction is delayed too long ) how long is not defined.
o He stated he was not interested in a total &wrap8 turnkey project.  He
works closely with an engineering company, but did not feel comfortable doing
the entire project, including surveying, ROW, engineering, permitting,
procurement, etc.  His price is only for normal construction.
o On Wednesday, Jordan, David, Dan and I held a conference call.  I assured
Dan that we would, as always, be diligent in trying to minimize cost and
schedule while maintaining appropriate safety, quality and environmental
parameters.

I have assigned Jordan as the Project Director for the project.  He is
working to more clearly define the scope, standards, specifications,
execution approach, cost and schedule.  We will advise the target schedule
and revised cost estimate as soon as possible.  Of course, there are many
permitting and environmental issues to overcome, and Jordan is working
through those now; the survey needs to start ASAP in order to file for the
permits.

Dan, if you have comments on my notes, or on the meeting, please let us
know.  We,re looking forward to working with you.

Thanks,
Jerry


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---------------------- Forwarded by Scott Neal/HOU/ECT on 02/20/2001 04:40 PM
---------------------------
From: Linda Hallmark@ENRON on 02/20/2001 04:34 PM
To: scott.neal@enron.com
cc:
Subject: 1999 Tax Settlement


please print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/06/2000
01:38 PM ---------------------------

	From:  George McClellan                           10/27/2000 11:42 PM

To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Press Clipping - Coal/Freight

FYI
---------------------- Forwarded by George McClellan/HOU/ECT on 10/27/2000
11:35 PM ---------------------------

Katy Lomax
10/26/2000 12:00 PM
To: Andrew Morrison/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Stuart
Staley/LON/ECT@ECT, Tom Kearney/LON/ECT@ECT, George McClellan/HOU/ECT@ECT,
Riaz Rizvi/LON/ECT@ECT, Candace Parker/LON/ECT@ECT, Paul Dawson/Govt.
Affairs/LON/ECT@ECT, Stephen Jones/LON/ECT@ECT, Samuel Grossman/LON/ECT@ECT,
John Moran/LON/ECT@ECT, Stephen Pirozzi/LON/ECT@ECT, Peter
Bradley/LON/ECT@ECT, Jez Peters/LON/ECT@ECT, Elizabeth McCarthy/LON/ECT@ECT,
Tiffany Cochran/LON/ECT@ECT, Katrina Bensadon/LON/ECT@ECT, Pierre
Aury/LON/ECT@ECT, Chris Connelly/LON/ECT@ECT, Scott Moncrieff/LON/ECT@ECT,
Graham Cane/LON/ECT@ECT
cc:
Subject: Press Clipping - Coal/Freight

Please find attached the following article/s:

"Dry bulk's big bang" - Trade Winds

Kind Regards,
Katy Lomax


I don't think I am in the market for any stereo equipment.  But I was
thinking about trying to sell that land we apparently have through mom.  What
do you think?  I will never use it.  Let me know.

DG


Regardless of your position on using or having guns, this is one of the
> best comeback lines of all time. It is a portion of a  National Public
> Radio (NPR) interview between a female broadcaster and US  Marine Corps
> General Reinwald who was about to sponsor a Boy Scout Troop  visiting his
> military installation.
> >
> > FEMALE INTERVIEWER: So, General Reinwald, what things are you going to
> teach  these young boys when they visit your base?
> >
> > GENERAL REINWALD: We're going to teach them climbing, canoeing, archery,
> and  shooting.
> >
> > FEMALE INTERVIEWER: Shooting! That's a bit irresponsible, isn't it?
> >
> > GENERAL REINWALD: I don't see why, they'll be properly supervised on the
> rifle range.
> >
> > FEMALE INTERVIEWER: Don't you admit that this is a terribly dangerous
> activity to be teaching children?
> >
> > GENERAL REINWALD: I don't see how. We will be teaching them proper rifle
> discipline before they even touch a firearm.
> >
> > FEMALE INTERVIEWER: But you're equipping them to become violent killers.
> >
> > GENERAL REINWALD: Well, you're equipped to be a prostitute, but you're
> not  one, are you?
> >
> > The radio went silent and the interview ended.
>


Please note that the Raptor I credit capacity is at $(6.2) million due mainly
to Catalytica which is now a publicly traded stock.  Raptor 3 also has a
negative credit capacity.


Stephanie -

The below information is a modification to the ETA for Austin Energy.  This is something that appears to have fallen through the cracks as Dan Hyval was supposed to work with Tana and I to get the amendment letter put in place so that Austin Energy could transact on EOL.

Please verify that Austin Energy is currently an approved counterparty for gas trading.  If so, please prepare an appropriate ETA amendment letter making the modifications indicated in the attached.  I would like to see the draft before we send anything out to Donna.

Thanks.

Mark

 -----Original Message-----
From: 	"Hadley, Donna" <Donna.Hadley@austinenergy.com>@ENRON
Sent:	Tuesday, October 30, 2001 11:24 AM
To:	Greenberg, Mark
Subject:	FW: addition to language

> Mark, I appreciated your efforts to finalize a letter agreement between AE
> and Enron.
>
> -----Original Message-----
> From:	Hadley, Donna
> Sent:	Tuesday, August 21, 2001 1:24 PM
> To:	'mark.greenberg@enron.com'
> Subject:	addition to language
>
>  <<EnronETAConfClause.doc>>
>
> Mark, please call me or email me this afternoon and advise next step or
> email me the side letter agreement to donna.hadley@austinenergy.com.  Any
> questions, give me a call at 512-322-6296

 - EnronETAConfClause.doc


Sara - I talked to Kevin at Man.  Everything is fine with the letter.  Sarah


Panie Tomaszu,

Prosze poinformowac kolegow, ze przesle moje uwagi
do niedzieli.

W. kaminski

VKaminski@aol.com on 01/30/2001 06:27:25 AM
To: vkamins@enron.com
cc:
Subject: Fwd: praca dyplomowa V Edycja MBA Warszawa

Content-transfer-encoding: quoted-printable
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<vkaminski@aol.com>; Mon, 29 Jan 2001 16:42:33 -0600
Subject: praca dyplomowa V Edycja MBA Warszawa
To: vkaminski@aol.com
Date: Mon, 29 Jan 2001 16:42:46 -0600
Message-ID: <OF808FC319.178E22B2-ON862569E3.007CC06A@enron.com>
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14, 2000) at 01/29/2001 04:40:54 PM
MIME-Version: 1.0
Content-type: text/plain; charset=iso-8859-2
X-Mailer: Unknown (No Version)

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/29/2001
04:45 PM ---------------------------

"Scarbeko" <scarbeko@entropia.com.pl> on 01/29/2001 07:35:10 AM

To:   <vkamins@enron.com>
cc:
Subject:  praca dyplomowa V Edycja MBA Warszawa

Szanowny Panie Doktorze,

Na samym pocz?tku chcia?bym si przypomnie`.  Jestem studentem V edycji MBA?w Wy"szej Szkole Handlu i Finans?w  Midzynarodowych w Warszawie i wraz z
Panami Jerzym Seremakiem i Waldemarem  Mrozem piszemy u pana Doktora prac?dyplomow? z finans?w  midzynarodowych. Nsze prace przes?a?em do Pana
Doktora juz w listopadzie  ubieg?ego roku i do tej pory nie dosta?em
potwirerdzenia, "e Pan je otrzyma?.  Bardzo bym prosi? o potwierdzenie
otrzymania tych"e prac lub zaprzeczenie.
Panie Doktorze nastepna sprawa dotyczy zapytania  czy Pastwa Firma by?aby
zainteresowana inwestycjami w budow? elektrowni na  Ukrainie. Pracuj w?firmie konsultingowej kt?ra zajmuje si min. tego  typu biznesem. Nie jest
to dla nas pierwszy kontakt z tego rodzaju inwestycjami,  poniewa" w
obecnej chwili przygotowujemy sie do kontraktu? z  niemieck?? firm?
Lahmeyer International na budow elektrowni 150 MW  Szczeg?ly moge podac?je"eli Panstwo wyrazicie  zainteresowanie.??Z powa"aniem Tomasz  B?ach?????


Since it will not be possible to reach Ken Lay before tomorrow, Jim advises
that the actions will not be taken before Monday morning India time.  In the
interim, your approval and comments on the attached draft statement/Q&As
would be appreciated.  I will be out of town until mid-afternoon Sunday, but
checking e-mails and can be reached on my cellular phone (281-948-7273).

Thanks,

John


We hope that 2001 is off to a great start for you!  Last year, our law firm,
McDermott, Will & Emery hosted a conference for tax people in energy
companies.
We are again hosting a complimentary, full day Energy Tax Workshop on Tuesday,
April 24, 2001, at the McDermott, Will & Emery offices in Chicago.  Although
April 2001 might seem like a long time away, please save the date!

With the dramatic changes faced by electric utilities, we plan to focus this
year on "Hot Tax Topics for Electric Utilities."  As we did last year, we want
to provide informative sessions to allow for the free flow of ideas among all
of
the participants.

Topics will include:
- Restructuring issues (including internal and external spins)
- Nuclear decommissioning issues
- Cross-border acquisitions (both inbound and outbound)
- Energy trading and hedging activities in light of proposed amendments to the
hedging regulations

Proposed additional sessions could include:
- Generation disposition techniques
- Synthetic generation mechanisms
- Stranded asset securitizations
- Regional transmission organizations
- Tax issues raised by the California experience (such as NOL utilization,
interest income on unpaid receivables, and tax-exempt financing for
electricity
purchasers).

We are open to suggestions for interesting and timely topics.

An important part of last year's conference was participation by a number of
representative companies.  As a result, please let us know if you are
interested
in serving as a panelist or moderator for any of the sessions.

We have great ideas that we believe will make the workshop an exciting and
worthwhile experience for all of us.  We think it could be even better with
your
involvement.  We know it will be beneficial with your participation and hope
you
will be able to join us.

If you or someone else at your company is interested in attending the workshop
please e-mail Shannon Buchanan at sbuchanan@mwe.com.  Please let any one of us
know what you think.

We look forward to hearing from you.

David Hardy         Andie Kramer         Laurie Marsh
212/547-5307        312/984-6480         212/547-5562
dhardy@mwe.com akramer@mwe.com     lmarsh@mwe.com

Bill Pomierski           Marty Pugh
312/984-7531             202/756-8391
wpomierski@mwe.com       mpugh@mwe.com

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/


Holly Keiser
Enron Wholesale Services
Legal Department
Phone: 713-345-7893
Fax: 713-646-3490
Location: EB 3887
Holly.Keiser@enron.com


Jim,

Well, you finally gave a speech that topped the one you gave at Linda's and my rehearsal dinner.  You did an outstanding job (as did Carrin), and it was obvious you were speaking from the heart.  I know you would prefer not to have all of this attention, but it comes with the territory.  It sure made me proud to see you up there, and congratulations on the accomplishment.

Scotty


offers at sumas for Jun - oct are as follows:

Jun          $5.46
Jul	$5.45
Aug	$5.495
Sep	$5.49
Oct	$5.99

Let me know if you need anything else -

Kim


Ouch!
---------------------- Forwarded by Christian Yoder/HOU/ECT on 11/29/2000
09:26 AM ---------------------------

Mary Hain
11/29/2000 09:23 AM
To: Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com
cc:
Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

---------------------- Forwarded by Mary Hain/HOU/ECT on 11/29/2000 09:31 AM
---------------------------
From: Jeff Dasovich@ENRON on 11/29/2000 11:06 AM CST
Sent by: Jeff Dasovich@ENRON
To: Sandra McCubbin/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Sarah Novosel/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Roger
Yang/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Christopher F Calger/PDX/ECT@ECT, David Parquet/SF/ECT@ECT, Dennis
Benevides/HOU/EES@EES
cc:
Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

----- Forwarded by Jeff Dasovich/NA/Enron on 11/29/2000 11:03 AM -----

	Ann M Schmidt
	11/29/2000 10:59 AM

		 To: Richard B Sanders/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Cedric
Burgher/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Vance Meyer/NA/Enron@ENRON, Steven J
Kean/NA/Enron@Enron
		 cc:
		 Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

11/29/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- A second lawsuit is being filed in San Diego
Superior Court Wednesday against Enron alleging the company, and others,
overcharged California consumers more than $4 billion for electricity
service.
On Monday, a similar suit was filed against Dynegy Inc. (DYN), Reliant Energy
Inc. (REI), Duke Energy North America (DUK), Southern Energy Company (SO),
AES Corp., Williams Energy and NRG Energy. Both lawsuits are seeking class
action status and may be consolidated into one complaint.
The complaints allege unfair trade practices and illegal trust activity. A
news conference announcing the details of the lawsuit will be held Wednesday
morning in San Diego.
Enron does not own or operate major generating units in the state, but is
active in trading electricity here and securing long-term fixed rate
contracts for large industrial customers. At times, Enron sells power back
into the California Power Exchange, the market where power is bought and sold
in the state.
An Enron representative said he has not yet seen the lawsuit and was unable
to comment.
The lawsuits claim Enron and the other energy companies withheld power supply
last summer, created shortages by selling power out of state and used
real-time confidential data about power plant activity to drive up prices.
The lawsuits are an attempt to force generators to refund about $4 billion
for electricity, the amount consumers were allegedly overcharged. -By Jason
Leopold; Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

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


From all of us at Kidventure Camp, we want to wish you and your family a Happy Thanksgiving!  May your turkey be cooked to perfection and the last piece of pie left for you.  Enjoy your time with your family.  Here at Kidventure, we want you to know we are thankful for you.  Take care.

In the spirit of America,
The Kidventure Team

*** This email provided by CampRegister.com ***
 - Mountain Bike Ramble.doc


Notice No. 00-312
September 5, 2000

TO:
ALL NYMEX AND COMEX MEMBERS

FROM: Neal L. Wolkoff, Executive Vice President

DATE: September 5, 2000

RE: Reminder Notice on Change of Trading Hours for Light Sweet Crude Oil,
Heating Oil, Gasoline and Natural Gas Futures and for Natural Gas Options

REGULAR TRADING HOURS SESSION
Beginning on Friday, September 8, the RTH market opens for Natural Gas
futures and for Natural Gas option contracts both will be moved up (from
10:00 a.m.) to 9:30 a.m.; the market closes for these contracts will remain
the same. The RTH hours for all other energy contracts will remain the same.

NYMEX ACCESS TRADING SESSION
The new trading hours listed below for the NYMEX ACCESS trading session will
commence on Thursday, September 7, for trade date September 8.  The hours for
Natural Gas have been greatly expanded.  Crude Oil, Heating Oil and Unleaded
Gasoline will trade for an additional hour (until 9:00 a.m.)

OLD TRADING HOURS ON NYMEX ACCESS

1. Natural Gas Futures & Options
Sunday: Do not currently trade during this session
Monday through Thursday: 4:00 PM - 7:00 PM

2. Crude Oil Futures & Options
Sunday: 7:00 PM - 8:00 AM
Monday through Thursday: 4:00 PM - 8:00 AM

3. Heating Oil Futures & Options
Sunday: 7:00 PM - 8:00 AM
Monday through Thursday: 4:00 PM - 8:00 AM

4. Unleaded Gasoline Futures & Options
Sunday: 7:00 PM - 8:00 AM
Monday through Thursday: 4:00 PM - 8:00 AM

NEW TRADING HOURS ON NYMEX ACCESS
Beginning 9/07 for Trade Date 9/08

1. Natural Gas Futures & Options
Sunday: 7:00 PM - 9:00 AM
Monday through Thursday: 4:00 PM - 9:00 AM

2. Crude Oil Futures & Options
Sunday: 7:00 PM - 9:00 AM
Monday through Thursday: 4:00 PM - 9:00 AM

3. Heating Oil Futures & Options
Sunday: 7:00 PM - 9:00 AM
Monday through Thursday: 4:00 PM - 9:00 AM

4. Unleaded Gasoline Futures & Options
Sunday: 7:00 PM - 9:00 AM
Monday through Thursday: 4:00 PM - 9:00 AM

If you have any questions, please contact George Henderson, Vice President,
NYMEX Floor Department, at (212) 299-2071.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-312)"

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


[IMAGE] 	[IMAGE]
	     Thanks for your order, Mark E Taylor!  Thanks again for shopping with us.  Amazon.com Customer Service      Did you know you can view and edit your orders online? Click Your Account  to:   Access "Where's My Stuff?"  Combine orders  Change payment options  Change shipping address  Cancel unshipped items Change gift messaging   Do much more...          Purchasing Information:    Your purchase reads as follows:  E-mail Address:  mark.taylor@enron.com  Billing Address:    Mark E Taylor 1322 Rutland Houston, TX 77008 United States 713-863-7190      Items:     $   399.99  Shipping & Handling:              $     0.00     ------ Total Before Tax:   $   399.99  Estimated Tax:   $     0.00     ------ Purchase Total:    $   399.99          Order Summary:  Order #1:(Order #107-4447861-7494969 )   Mark E Taylor 1322 Rutland  Houston, TX 77008  United States  Shipping Method: Standard Shipping Shipping Preference: Ship when all items are available.      [IMAGE] 1  "Canon PowerShot S110 Digital ELPH Camera Kit" Electronics; @ $399.99 each  Usually available in 24 hours     You can make changes to any unshipped orders in Your Account . If you've explored the links on that page but still have a question, please visit our online Help Department .  Please note: This e-mail was sent from a notification-only address that cannot accept incoming e-mail.  Please do not reply to this message.   Thanks again for shopping with us.   Amazon.com  Earth's Biggest Selection   [IMAGE] Prefer not to receive HTML mail? Click here       Recommendations for Your Next Visit: [IMAGE]  Canon AC adapter kit ack500   Our Price: $59.99       [IMAGE]  FREE Online Photo Software + 25 Free Prints, by Ofoto         [IMAGE]  SanDisk SDDR-31-01 USB Imagemate CompactFlash Card Reader  by SanDisk  Our Price: $28.99       [IMAGE]  Viking CF-ADAPT CompactFlash Adapter  by Viking Components  Our Price: $9.99        [IMAGE]See All Your Recommendations


Per my earlier e:mail.

Thanks

Steve Van Hooser
Enron North America Corp.
1400 Smith
EB3877
Houston, Texas  77002
713-853-7238
----- Forwarded by Steve Van Hooser/HOU/ECT on 04/24/01 08:52 PM -----

	"Jay Sonnenberg" <jsonnenberg@bracepatt.com>
	04/23/01 09:07 PM

		 To: <bob.percopo@aig.com>, <christopher.lee@aig.com>,
<michael.walsh@aig.com>, <Jgrushkin@milbank.com>, <wbice@milbank.com>
		 cc: "Clark Thompson" <cthompson@bracepatt.com>, <Heather.Kroll@enron.com>,
<ozzie.pagan@enron.com>, <steve.van.hooser@enron.com>
		 Subject: Securities Purchase Agreement (Highstar/ENA)

This time with attachments...

Attached are both clean and marked copies of the revised draft of the
Securities Purchase Agreement, which incorporates the changes discussed in
our meetings last week in NY.  As to the revised draft, please note the
following:

1)  The revised draft does not consider any of the changes to the structure
of the deal that will be required to solve the brokerage issues discussed
earlier today among the lawyers.  We are not sure at this point as to how
these problems will be overcome, but will get back to you with our thoughts
as soon as we can, and any assistance from the Buyer's perspective would be
much appreciated.  In the meantime, ENA has told us to try to keep moving
forward to the extent we can on the SPA.

2)   There are still a number of issues in the SPA which the parties have not
yet resolved.  Included in these open points are the following:

     a)  ENA feels very strongly about the need for a cap on liabilities and
that the proposed amount of the cap in this case is already one of the
highest agreed to in recent transactions.

     b)  Reps and warranties - after considerable discussion among various
parties at ENA, we have left out a number of the "Material Adverse Effects"
and "Knowledge" qualifiers that were proposed in our original draft,  as
discussed in NY.  However, we have added back a few where it was the strong
consensus at ENA that these were market terms accepted in prior similar
transactions.  The standard for applying materiality is still open - in some
cases we left the Buyer's proposed "could reasonably be expected" language;
in other places we went back to the "is likely to have" language because in
prior transactions, buyers have accepted the much stronger "would have"
standard, which we should probably have insisted on from the beginning.  We
have also limited the real estate and environmental reps as discussed because
of the insurance that ENA has already purchased and paid for to protect the
Buyer from these risks.  The IP reps were deleted because of the lack of any
material known IP related to the Facilities.

    c)   We have limited the opinions to be delivered to certain regulatory
opinions only and omitted the Buyer's opinion entirely because of the size of
this deal and the feeling that further internal opinions from ENA did not
provide the Buyer with any further assurances.

Please call us with any questions or comments on the SPA or the above.   We
are also still waiting for your conceptual list of comments on the Asset
Management Agreement.

Best regards,

Clark and Jay

Jay Sonnenberg
Bracewell & Patterson, L.L.P.
711 Louisiana St., Suite 2900
Houston, TX  77002-2781
(713) 221-1417 (Ph)
(713) 221-2158 (Fax)

 - #1269388 vRED - SECURITIES PURCHASE AGREEMENT (AIG).doc
 - #1269388 v8 - SECURITIES PURCHASE AGREEMENT (AIG).doc


Matt,
I updated all the lookup tables.

Are there any other tables that you need?

John Oh
Enron North America		503.464.5506
121 SW Salmon Street		503.701.1160 (cell)
3WTC 0306			503.464.3740 (fax)
Portland, OR 97204			John.Oh@Enron.com


See below for market, tpt/infrastructure, and political updates.

RJ
x39934
cell: 713-594-7995

Market Updates

?	6pm EST conference call among equity exchange presidents to determine restart for NYSE and NASDAQ. Not expected to reopen tomorrow.
?	NYMEX close to World Trade Center-unlikely to open tomorrow.  Conference call scheduled for 430pm EDT.  8,000 employees evacuated safely this morning.
?	AGA offices in DC closed. No announcement on weekly storage report scheduled for tomorrow.
?	CBOT electronic session will not open tonight.  No new word on pit trading tomorrow.
?	European bourses expected to open as normal.

Transportation/Infrastructure Updates

?	FAA ban on outbound flights until noon EST tomorrow at the earliest
?	US Section of St. Lawrence Seaway closed.  Coast Guard inspections stepped up.
?	New York Port closed, not receiving refined projects- Colonial Pipeline deliveries expected to "catch big premiums."
?	Tosco refinery in Linden NJ closed.
?	Grand Coulee Dam and powerhouse in Washington state operational, but locked down
?	Hoover Dam on Nevada-Arizona line is locked down
?	LA/Long Beach inspecting all incoming shipping-all incoming ships anchoring seven miles outside port.
?	Louisiana Offshore Oil Port operations suspended
?	Security at all US-Canada border crossings on maximum alert.  Bridges/tunnels closed.
?	US-Mexico border closed on US side at key crossing for inspection.

Political Update

?	President Bush has left SAC Command in Nebraska and is now leaving for undisclosed location.
?	OPEC Sec-Gen Rodriguez says OPEC prepared to "take necessary measures"
?	US worldwide military on highest alert
?	A London-based Arabic newspaper had story three weeks ago that Bin Laden planning "unprecedented attack" on US
?	Middle Eastern sources reporting "fears of instability exacerbated by US reprisals"
?	Terrorist groups in Middle East reportedly quiet; sense that this was an "attack too far"


GADSDEN RESEARCH SERVICES'
FERCwatch
Issued February 26, 2002

ELECTRIC / HYDRO Report:

Public Utilities Commission of the State of California v. All Sellers of Long Terms Contracts to the California Department of Water Resources, EL02-60-000 (02/25/02) --  Complaint alleging that the prices, terms, and conditions of such contracts are unjust and unreasonable and, the extent applicable, not in the public interest.  CPUC alleges that the Respondents obtained the prices, terms, and conditions in the contracts through the exercise of market power, in violation of the FPA, and that those actions are causing injury to the citizens and ratepayers of California on whose behalf the CPUC is statutorily entitled to act.
GRS WILL MAKE COPIES AVAILABLE:
ON CD-ROM (TIF FORMAT) - $125 per disk + delivery (compare to approximately $500 hardcopy elsewhere - 1700 pages @ .25 page + service charges)
   OR HARDCOPY  - $250 complete set + delivery
REQUEST A COPY:  grs4ferc@starpower.net <mailto:grs4ferc@starpower.net> or call 202-210-4771.
rd County, Florida.  Ocean Express proposes a design capacity to transport up to 842,000 dekatherms per day of natural ____________________________________________________________________________________________________________

NATURAL GAS / OIL Report:

NO REPORT
____________________________________________________________________________________________________________

[To request a copy of any of the above listed  filings, please call 202-210-4771; or send an e-mail to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>)]

GRS' FERCwatch e-mail notification is a free courtesy service of Gadsden Research Services, energy research and document retrieval specialists.  Periodically (generally once or twice weekly), GRS will broadcast FERCwatch with descriptions of major FERC issuances or filings such as rulemakings, policy statements, mergers, new rate filings, major rate changes, and certificate filings.

GRS can provide hardcopies of any of the above listed items at nominal charges; for document requests or estimates of charges, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net> or call 202.210.4771.

For an e-mailed copy of a brochure of GRS services and rates for FERC and other federal agency research please e-mail your request to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.  For a mailed copy, please include your name, firm name and street address.  For a faxed copy, please include your fax number.

The FERCwatch subscription list is used for the sole purpose of providing information on FERC and energy industry activity and will not be sold or otherwise distributed to any other business or organization.  For additions or removal from the FERCwatch notification list, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.

Send suggestions on how the GRS' FERCwatch can better serve the energy community to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.


Congratulations on your promotion to Senior Director.  That makes all of the
life juggling seem a little more worthwhile, doesn't it?!


Revised Investment Merits section


Thanks so much for setting this up. I'm so excited! And I promise not to
scare these poor kids away.

Kate


CALENDAR ENTRY:	APPOINTMENT

Description:
	Cassie & Tom's wedding

Date:		11/11/2000
Time:		6:00 PM - 10:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 02/16/2001 02:01
PM ---------------------------
Anne Labbe @ ENRON   02/16/2001 01:27 PM

To: Kayne Coulter/HOU/ECT@ECT
cc:
Subject: Holiday Pay

Just an FYI that your shift workers will receive their holiday pay for
1/15/01 on their next paycheck.  If you have any questions or problems,
please don't hesitate to let me know.


The above referenced meeting has been scheduled as follows:

 Date:  Monday, April 23, 2001
 Time:  2:00 p.m. - 3:00 p.m. (Houston time)
 Location: EB38c2
 Telephone: (713) 853-9416
 Participants: Elizabeth Sager
   Peter Keohane (by telephone)
   Jeff Hodge
   Mark Taylor
   John Klauberg
   Tanya Rohauer

If you have any questions, please contact me at (713) 853-5438.  Thanks


FYI:  A Jeff Skilling floor meeting is scheduled for the 31st floor on
Monday, June 11 at 3:30 pm.  The locations is near 3122K.

Eric


Hi Kenneth,

My name is Cole Albon.  I work for Sigaba, a secure internet communications
company and I'd like to get you started using our technology.   We enable a
"send secure" button in an existing email client so that your sensitive
emails can be sent across the internet in privacy.  Sigaba is extremely easy
to use and works on both internal and external company email.  I'd like you
and your executive team to start using our software.  Then, if it makes
sense for you to use our encryption solution on a company wide basis, I'd
like to present you with an enterprise solution.

Why?
- When you send an email, it is sent through several servers on the way to
its recipient.
- These servers are not owned by you or the recipient, so many people can
read the contents.
- Given your position, you probably send information that you don't want
others to read.
- Sigaba can give you the technology to protect your emails without you
changing your software or email habits.

My contact information is below and you can download our software at
http://www.sigaba.com.  If you'd like investigate further, please feel free
to contact me directly or forward my contact information to your Manager of
Network Security.

Thanks for your time,

Cole

Cole Albon
Account Executive
Sigaba Corporation
cole@sigaba.com
(650) 572-7210
2727 South El Camino Real
San Mateo, CA 94403-2430
http://www.sigaba.com


jen has a lot of cougar friends who will be ready to party.


OK, I see your point.  Incremental may be misleading. How about this??

&Market Price8 is the price agreed to in any transaction inclusive of all
costs specific to the same transaction.

 Incremental to me means an increased cost.  I'm not sure what the cost is
"incremental" of.  I'm just trying to figure out if "incremental" is
descriptive, or just an extra word the engineers (sorry) threw in.

From: Reagan Rorschach/ENRON@enronXgate on 06/08/2001 09:38 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Market Price definition

Incremental costs, for example, would be transmission and losses associated
with a sale of power if that sale specified a delivery point away from the
MDEA interconnect with Entergy.  For example, EPMI sells 22 MW from the
Clarksdale unit for $40/MWh to Southern at the Southern border.  The
transaction includes $4 of transmission and $0.50 of losses.  Therefore, the
Market Price is $44.50.

Thanks

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 08, 2001 9:18 AM
To: Rorschach, Reagan
Subject: Re: Market Price definition

What is an incremental cost?  I'm not sure I get it.

From: Reagan Rorschach/ENRON@enronXgate on 06/08/2001 08:46 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Market Price definition

Kay-

Discussions with RW Beck have resulted in the following changes:

From the EMSA:
&Market Price8 is the price agreed to in any transaction inclusive of
incremental costs specific to the same transaction.

From the Profit Calculation Exhibit:
"Profit per hour is calculated as the product of MWh sold and the difference
between Market Price and the Target Production Cost as follows:...."  (delete
the reference limiting Profit to Back-to-back Transactions)

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363


I regret to announce that Greg Wolfe has tendered his resignation.  His last day with Enron was yesterday.  Greg has made tremendous contributions to Enron over the last eight years and this office in the last four years.  I am sorry to see him go.

Greg has not yet indicated what he will be doing next, although he has told me that he intends to stay in Portland.  Please join me in wishing Greg well in his future endeavors.

Tim Belden


John-
Thanks for asking- i am glad you try to get more information before forming opinions. I have also posted an article of the fundy website due to requests by Hunter which you might find informative.

The anti-west opinion is definitely a minority opinion. However, as we have seen in the past even in U.S minorities like KKK, terrorists, mass murderers, religious fanatics pose the biggest threat and try to get the most publicity and unfortunately they are succeeding for right now.  I think the educated population felt betrayed by the west in fighting fundamentalism uptil now but they support this move. But you have to understand that most of the big cities in Pakistan are within the range of the Taliban Scud missiles. Thats why support is a very relative term here.

The general does not have any political mandate- he came into power through a military coup. However, the previously democratically elected governments were notorious for corruption(including the government of Benazir Bhutto- the first women head of state of Pakistan who was educated in Harvard and Oxford). So people by default support any other alternative and military is probably the ony institution that is relatively untouched by corruption. Most of the cabinet and ministers right now are liberals and among them are some that gave up extremely lucrative jobs in U.S in order to try to help put the country back on track economically.

Let me send you an article from the TIME mag. that kind of explains why the President of Pakistan is in a fix.
http://www.time.com/time/nation/article/0,8599,175058,00.html

Also below is part of an article from a Pakistani newspaper explaining how the President met with all the political and religious parties and explained to them why he supports the U.S - In the article the PPP and PML are the two major parties in Pakistan. Just like the Democrats and Republicans here... and the Jamati-i-Islami and the other parties are the religous parties.
He apprised the political leaders that the US administration had demanded concrete actions as a proof of friendship.

The measures that Washington wanted Islamabad to take included allowing American troops to use Naval facilities and airspace and sharing of all intelligence reports about Osama bin Laden's movement inside Afghanistan. Otherwise, the president told the politicians, Washington had warned that it would treat Pakistan as a country harbouring terrorists.

In that case, the president said, no strategic installations would have remained safe. "I could not take that risk," the source quoted President Musharraf as having said. The president said that he could risk his life but he could not put the whole country at risk.

The US authorities had also conveyed to President Musharraf that they had the technological capability to smoke out the Taliban or Osama out of their holes. This was interpreted by the politicians as a threat to use chemical or biological weapons in Afghanistan.

Having received these explanations, main stream political parties, including the PPP and the PML (like-minded), backed the president's decision and said the country should rally round the government, the source said.

However, Jamaat-i-Islami and Jamiat Ulema-i-Islam (both Maulana Sami and Maulana Fazl groups) opposed the decision and asked the government to review its policy. They insisted that the government should demand for a credible evidence of Osama's involvement in the Sept 11 attacks on the US soil.

Hope this helps you understand the cuurent situation without confusing you too much....
Bilal

 -----Original Message-----
From: 	Griffith, John
Sent:	Wednesday, September 19, 2001 9:15 AM
To:	Bajwa, Bilal
Subject:

Hey Bilal,

How are you doing?  I just wanted to ask you some questions about Pakistan if you don't mind.  I see some articles about protestors in Pakistan, protesting the US.  I can understand that, however, do you think this is the mijority opinion of Pakistan people, or are these protests happening in areas that are predominately backing the Taliban.  What do the educated population think?  Does the general have any backing from the people themselves?

What is your opinion?

I understand that these things are very personal to you.  Please let me know if I am prying.  I just wanted to get someone's opinion that actually knows what is going on and not from the news.

Thanks.

John


Dear Mr. Shankman,

we wish you a Merry Christmas and a Happy New Year.

Warmest regards,
Ursula Kolb + Heinz-Martin Weigand
Galerie Haus Schneider


Scott, I appreciate your note and I am sure that you will work well with
Chris.  I have always believed in your talents and capabilities - I won't be
far ....

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
05:52 PM ---------------------------

	Enron North America Corp.

	From:  Scott Healy                           02/07/2001 08:15 PM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Congratulations on the new position!   I guess they thought that double or
tripling your budget wasn't a big enough challenge for you!  Best wishes, I
am sure you will be successful.  ENA won't seem the same without you.

I want to thank you about your advice on Calger.  He is great to work for.  I
am starting to crank again, just like 1998 (still my most enjoyable year at
Enron)

Good luck!


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Suzanne:
Please send this to Scott Sefton and call the Bracewell person and tell them
that he is now in charge of this matter.  I haven't had anything to do with
this file since I joined the swap group.  Thanks.

Everything is fine.  Still on a hectic schedule but getting a little more
sleep.  We take the baby to the pediatrician on Thursday for his first
checkup and I go for mine on Friday.  I've started walking again and some
very, very slow jogging (don't tell Bill this).  I feel really good and
everything seems to be healing okay.  I've actually cooked a few meals!  I
will try to call you in the next day or two.  We've been taking the baby out
on short trips in the afternoon just to get out of the house.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Suzanne Adams
	07/25/00 02:32 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Invoice

Carol, you received an invoice from Bracewell for the Chase Manhattan Bank in
connection with 4th Amend to JEDI II credit agreement.  What should I do with
it?  Give it to Mark to approve?  Please advise?

How are things going?


fyi - Order conditioned noise surveys only on Stations 3 and 4.     - kelly

 -----Original Message-----
From: 	Martens, Donna
Sent:	Monday, January 14, 2002 4:18 PM
To:	Allen, Kelly; Veatch, Stephen
Cc:	Petersen, Keith; Lindberg, Lorraine; Eisenstein, Arnold L.; Campbell, Larry; Chanley, Earl
Subject:	Red Rock Files

Hi Kelly!  You should be receiving two boxes in the morning containing the Red Rock files.  I have included a listing of what is included in each box.  Any questions, please feel free to call me at 7138 here in Omaha.

As we discussed on the phone, this was a pretty clean order with the following notifications/conditions remaining:
notice of end of construction & in-service date
notice of actual costs
notice of abandonment of original units (Note: We received approval to maintain the ability to operate the existing units up to 6 months after the installation of the new units to insure continuity of service.  The new units and existing units can NOT run simultaneously).
noise surveys at Stations 3 (and 4 if applicable)  (The base noise surveys for Sta 3 & 4 indicated noise levels right at or close to 55 Ldn.   FERC therefore conditioned us with conducting noise surveys on these two stations to ensure the final noise level was within the 55 Ldn limit.  The surveys for Sta 1 & 2 indicated a noise level below 55 Ldn; FERC, therefore, did not condition us.  Larry is still conducting surveys on all stations to ensure levels are within 55 Ldn).
as with all construction projects, any change in the construction or mitigation measures must be requested and director's letter received.

NOTE:  There is a cultural resource site at Station 1 that is suppose to be fenced-in DURING CONSTRUCTION per SHPO and FERC.  As of our conference call on Thursday, this area had not been fenced in yet.   The fencing needs to be permanent and maintained during the ongoing operation of the station.

Also, as we discussed, on November 26, 2001 (I believe that is the correct date) we filed a request for an extension of time to replace the units at Station 4.  We have not heard anything from FERC.  In fact, altho it is included in the Daily Listing of FERC's website, it has not been scanned in on the individual docket site.   Discussions Keith had with Lon Stanton, it was decided to not contact FERC.

Also, as we also discussed, they are currently planning on overhauling the units at Station 4 during March, April and May 2002.  These units were due for an overhaul, but were postponed as a result of the Red Rock filing.  Since it is unlikely that the units will be replaced at this time, the existing units need to be overhauled to ensure the integrity and continuation of service for Transwestern's system.  The overhauls are NOT A PART OF THE RED ROCK PROJECT.

Good Luck!!!


Mark(s) -

As discussed yest., attached is a copy of the original data file containing
data for Europe and the US, as provided by Becky Bayne.
Also, I have included a graph which Becky usually provides.  This graph
reflects machine availability.

REQUEST:
1)  As I don't know where the info. request form is located (please let me
know), I ask that since Becky is out, that you (as the coordinator) email
Germany, and ask for the most recent availability numbers (what they usually
provide), so we can have them by Monday or an alternate procedure to obtain
this data.
2)  Please email the definitions of (a) machine availability, and (b) our
current "standard" contractual availability.

Please let me know if you have any questions.

Thanks in advance,
Ilan
(213) 452-5109


here it is
----- Forwarded by Mark Palmer/Corp/Enron on 12/11/2000 09:53 AM -----

	"Leopold, Jason" <Jason.Leopold@dowjones.com>
	12/08/2000 07:20 PM

		 To: "'mark.palmer@enron.com'" <mark.palmer@enron.com>
		 cc:
		 Subject: FW: Electricity Deregulation - Call to Action!

-----Original Message-----
From: Senator Steve Peace [mailto:speace@nascentmedia.com]
Sent: Friday, December 08, 2000 4:57 PM
To: ron.trim@sen.ca.gov
Subject: Electricity Deregulation - Call to Action!

Please take a few minutes to watch the following Internet video about
California's energy crisis!

After watching the video, please EMAIL the Federal Energy Regulatory
Commission (FERC) in Washington, D.C., and DEMAND that they order
REBATES to San Diego residents!  FERC will hand down a decision on
December 13th,, so please act TODAY!

DOWNLOAD VIDEO: http://209.85.104.118/energy1.rm (3.5 MB download)
(video requires RealPlayer software. For FREE RealPlayer, see link
below!)

Email FERC Chairman James Hoecker: mailto:chrmn.hoecker@ferc.fed.us

You may also mail FERC at:

David P. Boergers, Secretary
Federal Energy Regulatory Commission
888 First St., N.E., Washington, DC 20426

------------------------------------
To be removed from future updates, please respond with Subject REMOVE
NAME
to mailto:senator.peace@sen.ca.gov

FREE RealPlayer Download at:
http://scopes.real.com/real/player/player.html?src=001207realhome_1a,001204r
pchoice_h2&dc=129128127


---------------------- Forwarded by Eric Bass/HOU/ECT on 02/15/2000 01:47 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           12/15/99 07:25 PM

To: Shirley Elliott <shelliott@dttus.com>
cc:
Subject: Re:


EFET To Set Up Belgian Electricity Task Force
Dow Jones Energy Service, 04/10/01

GERMANY: DB Energie says German power trade in too few hands.
Reuters English News Service, 04/10/01

INDIA: INTERVIEW-India says Enron issue won't affect investment.
Reuters English News Service, 04/10/01

Saudi Gas Committee Submits Proj Leader Proposal-Sources
Dow Jones Energy Service, 04/10/01

Online Energy Trading Will Exceed $3.6 Trillion By 2005, According To
Forrester Research
Business Wire, 04/10/01

Indian Govt, Enron Set Up Committee to Resolve Tariff Dispute
Bloomberg, 04/10/01

Qatar Says Foreign Oil Companies May Invest $15 Billion by 2005
Bloomberg, 04/10/01

EFET To Set Up Belgian Electricity Task Force

04/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BRUSSELS -(Dow Jones)- The European Federation of Energy Traders said Tuesday
that it is forming a task force to look into the Belgian electricity market.
"A number of our members have raised concerns about the trading environment
in Belgium. This will be examined by the new task force," an EFET spokesman
said.
The Belgian Task Force Electricity will include, among others,
representatives from TXU Corp. (TXU), RWE Trading, Enron Europe (U.ENE),
Eneco and Morgan Stanley Dean Witter (MWD) as well as and an energy
specialist from the academic sphere. One or two Spanish players may also join
the group.
The task force is scheduled to hold its first meeting on May 19, a
politically sensitive time for Belgium, as it is due to take over the E.U.'s
rotating presidency from Sweden in June.
The European Electricity Directive requires member states to have opened up
at least 26.5% of their electricity markets by 1999. However, according to
industry groups only 5% of the Belgian market is presently open to
competition.
EFET, which has 47 European energy trading companies among its members, has
already set up a task force to look into the French power market - French
Task Force Electricity - and a similar group to look at the German gas market
- German Task Force Gas.
-By Victoria Knight, Dow Jones Newswires; 322-285-132;
victoria.knight@dowjones.com

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

GERMANY: DB Energie says German power trade in too few hands.
By Vera Eckert

04/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

FRANKFURT, April 10 (Reuters) - DB Energie GmbH, the power supply division of
German railways, said on Tuesday it was worried by a concentration of power
trading in too few hands.
Consolidation at the generation level had resulted in a trade oligopoly which
only speedier market liberalisation across Europe could help overcome, said
DB Energie, the leading power consumer accounting for three percent of the
German total.
"Four big power companies are too few to guarantee competition," DB Energie
spokesman Andreas P. Meyer said.
"A few players can tighten supplies artificially, thus boosting prices, while
there are high entry barriers for newcomers," he told Reuters.
"As large consumers we want the harmonisation process in the EU to gather
speed so that we can choose from a host of suppliers who are competing with
each other."
Since liberalisation two years ago, when German utilities rediscovered their
customers and wooed them with price cuts, there has been a strong
consolidation process, leaving most of the power generation market to three
large companies.
These are RWE , E.ON , EnBW .
A fourth company is emerging in the country's east under the leadership of
Hamburg utility HEW , backed by its Swedish majority owner Vattenfall .
The formerly separate trading arms of the newly merged companies such as
VEW/RWE are now operating under one roof.
The entry of new players such as U.S. firm Enron and brokerage start-ups has
not dented the position of the big four.
CONSUMERS LACK CHOICE OF INDEPENDENT SELLERS
"The distribution divisions of the big players have become the mouthpieces of
their trading divisions with little room for manoeuvre - it's definitely not
a buyers' market," Meyer said.
He also said that railway operator Deutsche Bahn AG which paid 2.8 billion
marks for its energy needs last year was burdened by high energy-related
taxes.
The tax bill on energy supplied by the DB Energie subsidiary to the parent
company last year amounted to 620 million marks, but was seen rising to 900
million by the year 2005.
This was attributed to four taxes - the eco-tax on fuel use, the KWK law
subsidising combined heat and power, the EEG law supporting renewable
energies and the mineral oil tax.
DB Energie's turnover last year of 2.2 billion marks did not exclusively
represent energy purchases on behalf of Deutsche Bahn, but also reflected the
growing third party business including portfolio management services, Meyer
said.
At the same time, Deutsche Bahn also bought some electricity, diesel oil,
water, gas and heat from sources other than its own multi-utility subsidiary.
Meyer said DB Energie had set itself ambitious growth and profit targets for
the coming years.
Of the 15 terawatt hours (TWh) purchases handled last year, which are
projected to rise to 17.3 TWh in 2001, some 2 TWh were on behalf of external
energy consumers.
Meyer said he expected that the 2 TWh could increase fivefold by 2004, due to
the expansion of traffic volumes and the rise of private freight forwarding
companies.
His firm also aimed to help Deutsche Bahn save 100 million marks a year
through efficient usage of the entire supply chain.
But it wanted to be a buying and portfolio specialist - it would not become a
classical power trader in its own right.

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

INDIA: INTERVIEW-India says Enron issue won't affect investment.
By Unni Krishnan

04/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, April 10 (Reuters) - Indian Power Minister Suresh Prabhu said on
Tuesday a row over U.S. energy giant Enron's controversy-ridden project in
western India would not affect foreign investment in the power sector.
The long-running quarrel between Enron's Indian unit, Dabhol Power Co (DPC),
and the Maharashtra state government heated up on Monday when DPC sent a
political force majeure notice to state utility Maharashtra State Electricity
Board (MSEB).
Political force majeure is any event beyond the reasonable control of an
affected party that could not have been prevented by good practice. It forms
a part of major financial contracts.
"Enron is not the symbol of the power sector in India. I want to assure the
international investor that we are for FDI (foreign direct investment). But a
commercial dispute should not be viewed as a reflection on FDI inflows,"
Prabhu told Reuters.
India, which is gripped by a severe power crisis with close to 80,000
villages without electricity, began power reforms in the early 1990s to
attract private and foreign investment in the sector to meet the hunger for
electricity.
But many foreign power firms including Cogentrix of the United States,
Electricite De France and Daewoo of South Korea have pulled out of different
projects following disputes over pricing and the slow pace of reforms in the
sector.
SPARRING MATCH
Enron and the Indian government have been sparring for the past few months
over MSEB's repeated default on payments owed to Dabhol Power Co which is 65
percent owned by Houston-based Enron.
Last week, DPC sent an arbitration notice to the federal government to try to
recover 1.02 billion rupees due from the state utility.
Prabhu said the dispute was purely commercial and that many countries were
interested in getting involved in India's power sector.
"So many companies are coming. We are signing MoUs (memorandums of
understanding) with Norway, Sweden and Canada for development of power
projects," he told Reuters. "So where is the question of FDI (foreign direct
investment) getting affected?"
He said the government would seek conciliation with Enron and planned to
start negotiations soon. "We will mutually agree and decide."
He said the focus of India's power reforms was on revamping distribution and
drawing foreign direct investment in this area.
He said the government was keen on increasing capacity by 100,000 megawatts
by 2012 by revamping distribution, modernisation of existing plants and
greenfield projects.
India had an installed capacity of 96,950 megawatts as of March 31, 2000. It
needs another 100,000 megawatts in the next 10 years.
But potential investors have been deterred by the poor finances of state
electricity boards which are expected to run up combined losses of 285.45
billion rupees in 2001/02 due to mismanagement and theft in power
distribution.
On the generation side, Prabhu said the government was planning to set up
joint ventures with the domestic private sector for nuclear power.
"We are looking at this. The (state-run) Power Finance Corporation is looking
at the possibility of creating joint ventures," he added.

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

Saudi Gas Committee Submits Proj Leader Proposal-Sources
By Dyala Sabbagh
Of DOW JONES NEWSWIRES

04/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI --(Dow Jones)- The Saudi Arabian committee negotiating with
international oil companies on gas projects on offer in the kingdom has
submitted its proposals for consortium leaders for the three core ventures to
the Supreme Petroleum Council for approval, sources familiar with the process
told Dow Jones Newswires Tuesday.
Once approved, other consortium members will be selected followed by
memoranda of understanding, expected sometime in May, the sources said.
Final approval will also be required from the kingdom's Supreme Economic
Council, headed by Crown Prince Abdullah, the sources added.
Consortium leaders will be responsible for directing further detailed
negotiations on the core projects such as pricing and finance, on behalf of
those companies selected for each project. The current shortlist of 10
companies hoping to get a piece of the pie may be trimmed once leaders are
officially approved. ExxonMobil Seen As Fronrunner For $15B South Ghawar
Project

Royal Dutch/Shell Group (RD), BP Amoco PLC (BP), ExxonMobil (XOM), Chevron
(CHV), TotalFinaElf (TOT) and ENI SpA (E) have been shortlisted for core
venture number one, the $15-billion South Ghawar Area Development. Although
Exxon, Shell and BP have all been dubbed as frontrunners, ExxonMobil is
thought to have the strongest chance of selection, the sources said.
ExxonMobil has been present in Saudi Arabia since the 1960s and is one of the
largest foreign direct investors in the kingdom, with three existing refining
joint ventures. The company is also Saudi national oil company Saudi Aramco's
largest crude oil customer.
For core venture two, the Red Sea Development, Enron Corp. (ENE) and
Occidental Petroleum Corp. (OXY) are bidding jointly and ExxonMobil,
TotalfinaElf, Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA)
have also been listed. Among these, Total and Shell have been dubbed as
strong possibilities, the sources said.
For core venture three, the Shaybah area, TotalFinaElf, Conoco, Phillips
Petroleum (P), Enron & Occidental, ExxonMobil, Shell and Marathon Oil have
been listed. Conoco and TotalfinaElf are seen as the frontrunners on this.
Each core project has on average six to ten individual components and the
three have a combined investment value of about $25 billion.
As well as getting operatorship of the projects, consortium leaders are
likely to get the largest stake in any project.
Saudi Arabia invited international oil companies to invest in its downstream
gas sector and upstream gas enhancement over two years ago in an attempt to
meet an estimated demand of 14 billion cubic feet a day of gas by 2025.
Currently, there is about 2.5 bcf/day in the kingdom's gas system.
-By Dyala Sabbagh, Dow Jones Newswires; 9714 3314260;
dyala.sabbagh@dowjones.com

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

Online Energy Trading Will Exceed $3.6 Trillion By 2005, According To
Forrester Research

04/10/2001
Business Wire
(Copyright (c) 2001, Business Wire)

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 10, 2001--Despite a tumultuous
environment created by rising energy prices and new laws and regulations,
online energy trading in wholesale markets surged 750% from 1999 to 2000.
According to a new Report by Forrester Research, Inc. (Nasdaq: FORR), online
energy trading will continue this rapid growth -- leaping from $400 billion
in 2000 to $3.6 trillion in 2005. Three-quarters of this volume will come
from the rollout of new over-the-counter financial derivatives like swaps and
spreads.
"Despite last year's turbulence, energy companies jumped on the Net
bandwagon, investing in dot-com trading sites, building private eCommerce
platforms, and forming industry consortia," said Jim Walker, senior analyst
at Forrester. "While Enron dominated online trade in 2000, new industry
consortia like TradeSpark and IntercontinentalExchange are ramping up volume
-- increasing liquidity for the entire market."
As energy companies adopt the Net, their trading style will change from art
to science. In this environment, companies will supplement person-to-person
negotiated deals with quantitative analysis and program trading. The speed
and efficiency of online trade will also push traders to develop
straight-through processing from order capture to contract settlement --
enabling companies to post real-time P&Ls in this highly volatile market.
Rather than giving rise to a plethora of new venues, the majority of online
trading will occur at only a few sites. By 2005, three distinct venues will
form to serve different markets: one liquidity hub, three merchant platforms,
and thirty solution sites. The liquidity hub will attract companies seeking
to exchange price risk in pure commodities. Merchant platforms will offer
industry marketmakers a venue for trading products to maximize margins from
their own long-term assets and customer contracts. Finally, energy companies
will offer branded solution sites to structure special deals and provide
customized services for their wholesale customers.
"We expect enymex to win out as the liquidity hub, leveraging the strength of
its offline trading infrastructure and institutional trading community,"
added Walker. "The leaders of the merchant hubs will be Enron, ICE, and
TradeSpark -- supported by traders willing to make markets and act as
specialists for specific products."
For the Report "Net Energy Hits Hypergrowth," Forrester spoke with executives
from online energy marketplaces, energy producers, industrial customers,
traders, and software suppliers.

Forrester Research is a leading emerging-technology research firm, analyzing
technology change and its impact on business, consumers, and society.
Forrester's "Whole View" of the Internet economy enables clients to weave
together Internet commerce initiatives with eBusiness technology to satisfy
customers' changing needs. Clients receive continuous research and analysis
through Forrester eResearch(TM) Reports, an array of Advisory Services,
Assessment Tools, and topical events. Established in 1983, Forrester is
headquartered in Cambridge, Mass., with North American Research Centers in
San Francisco, Calif., and Toronto, Canada. Forrester's European Research
Center is located in Amsterdam, Netherlands, its UK Research Centre is
located in London, and its Research Center Deutschland is located in
Frankfurt, Germany. Additional information about Forrester Research can be
found at www.forrester.com.

(c)2001, Forrester Research, Inc. Forrester and Forrester eResearch are
trademarks of Forrester Research, Inc.

CONTACT: Jean Kong Forrester Research, Inc. +1 617/613-6025
press@forrester.com or Jenny Cherrytree Golin/Harris International for
Forrester +1 213/623-4200 ext. 707 jcherrytree@golinharris.com
09:01 EDT APRIL 10, 2001

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

Indian Govt, Enron Set Up Committee to Resolve Tariff Dispute
2001-04-10 09:32 (New York)

     Mumbai, April 10 (Bloomberg) -- India and the local unit of
Enron Corp., the world's largest energy trader, will set up a
committee to try and settle a dispute over unpaid electricity
bills, company spokesman Jimmy Mogal said.
     Dabhol Power Co., 65 percent owned by Enron, yesterday
invoked `political force majeure' which allows it to stop selling
power to Maharashtra state without being penalized.
     The three-member panel will include one person each nominated
by Dabhol Power and the Indian government, said Mogal. The third
member will be chosen by these two, he said.
     The case will go to international arbitration if the panel
fails to arrive at a solution, Mogal said.
     The Maharashtra State Electricity Board, or MSEB, Dabhol
Power's only customer, hasn't paid the December 2000 bill of 1.02
billion rupees ($22 million) and the January bill of 1.27 billion
rupees, saying they were too high.
     The defaults have forced Dabhol Power to invoke payment
guarantees by India's federal and Maharashtra state government,
where its plant is located.
     That forced the government today to agree to conciliation,
Agence France Presse reported today, citing India's Finance
Minister Yashwant Sinha.
     Enron's $3 billion power, 740 megawatt-a-year project, is the
biggest foreign investment in India. The project faced numerous
delays and at one point was canceled after a change of government
at the state. Enron revived it after agreeing to cut power prices
by 22 percent and sell a 30 percent stake to the state government.

--Ravil Shirodkar in the Mumbai newsroom (91-22) 233-9029 or at
rshirodkar@bloomberg.net/nmn

Qatar Says Foreign Oil Companies May Invest $15 Billion by 2005
2001-04-10 09:57 (New York)

     Doha, Qatar, April 10 (Bloomberg) -- Qatar, which holds the
world's third-largest reserves of natural gas, said foreign
companies may invest as much as $15 billion into the Gulf state's
energy industry over the next five years.
     ``A major chunk of this is expected to come from the U.S.,''
said Qatar's finance minister, Youssef Hussein Kamal, who spoke at
an investment conference in Doha attended by a delegation from the
U.S. Congress. ``Qatar offers foreign investors security and
political stability.''
     Dolphin Energy Ltd., a venture of the Abu Dhabi government,
Total Fina Elf SA and Enron Corp., signed an accord with Qatar
last month to buy more than $2 billion in natural gas a year.
Dolphin would develop Qatar's North Dome field, the world's
largest natural gas field, and build a pipeline under the Gulf to
the United Arab Emirates and Oman.
     The gas may be used to power industrial development. A
collapse in oil prices in 1998 reinforced the need for Gulf states
to cut their dependence on crude oil sales and create jobs for the
more than 50 percent of the population that is under the age of
25.
     Qatar is the smallest oil producer in the Organization of
Petroleum Exporting Countries.


i copied your idea - and it screwed up your name!


That would be great.


Kim,

I'm traveling on Monday but may be able to call in  - - -  is there a contact number?  Also, I'll ask Kevin Hyatt to attend on my behalf.

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Thursday, January 03, 2002 4:57 PM
To:	Gadd, Eric; Harris, Steven; Hayslett, Rod; Horton, Stanley; Howard, Kevin A.; McCarty, Danny
Cc:	Armstrong, Julie; Bachand, Terri; Campos, Kathy; Robertson, Audrey; Stark, Cindy
Subject:	Trans Pecos Meeting

Please plan to attend a meeting on Monday, January, 7 from 3:30pm to 4:00pm in EB49C1 to discuss the Trans Pecos Project.

Thanks, Kim.


-----Original Message-----
From: 	Schlesinger, Judith
Sent:	Thursday, September 13, 2001 8:50 AM
To:	Vinson, Donald Wayne
Subject:

US military's alert status downgraded: Rumsfeld

09/13/2001
Agence France-Presse
(Copyright 2001)

ATTENTION - ADDS quotes, details
WASHINGTON, Sept 12 (AFP) - The US military downgraded its alert status Wednesday as tensions heightened by terrorist attacks on major US buildings a day earlier began to subside, US Defense Secretary Donald Rumsfeld said.
"We've already moved from a force protection condition called Delta, the highest level, down to Charlie, which is the next highest," Rumsfeld told NBC News.
"But we are still at a reasonably high state of alert," Rumsfeld pointed out.
US President George W. Bush ordered troops to be placed on Threat Condition Delta following the attacks on the World Trade Center in New York and the Pentagon building just outside Washington.
Under the alert, immediate restrictions were put on the movements of US troops overseas, military officials said.
All leave was canceled, and soldiers overseas were barred from attending classes, bars and clubs outside their bases.
Rumsfeld confirmed that despite the lowering of the alert status, the US military was carrying out missions which go beyond its normal peacetime operations.
They include, for instance, sending jet fighters to provide protective air cover over an energy complex in Houston, Texas.
"We have a number of so-called cap flights up, as well as some AWACS and some tankers to refuel the interceptors, as well as the other aircraft that are involved," he said. "They're over a number of areas in the country."
The defense secretary said that military aircraft at a number of bases across the country were "on strip alert," ready to respond in the event it would be appropriate.


Dick,

This is the presentation Steve would be using on Monday.  I called you to
coordinate but there was no answer at your office.  Could you please confirm
me that you received this message and that the presentation would be up and
running on Monday?  Steve will have a backup with him just in case. Please,
do not print, forward or distribute copies of this presentation since it is
against our company policies. Thanks in advance.

Best regards,

Ursula Brenner
ENRON CORP.
+1(713)345-3787

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

"Dick O'Neill" <rpon@bellatlantic.net> on 06/12/2001 04:45:35 PM
Please respond to <rpon@bellatlantic.net>
To: <skean@enron.com>, <Ursula.Brenner@enron.com>,
<Maureen.McVicker@enron.com>
cc:

Subject: Highlands Forum information

Dear Steve--we are approaching the Secretary of Defense-sponsored Highlands
Forum and very much looking forward to your participation.  I am sending
several attachments to you and Ursula and Maureen regarding the program and
the logistics that are updated from earlier versions.

With regard to the program, we are very pleased that you are going to be
with us to be the centerpiece of our discussion.  Enron's experience is
quite important to us as we seriously consider transformative change in the
Department of Defense.  I have given copies of Dick Foster's new book,
Creative Destruction, to the Deputy Secretary of Defense as well as the
Assistant Secretary, and the Enron case that he outlines makes for important
discussion. We intend to hand out copies to the participants at the Forum.

My thought is that you would give us 15 minutes on transformation in a
competitive environment and some examples of discontinuities that you took
advantage of--also your corporate culture and sense of risk taking (risk is
something that is particularly important to discuss with our defense
leadership).  We are looking to move beyond "cultural lock-in".  You would
be joined on  the panel by moderator Philip Evans of the Boston Consulting
Group, and engage in a discussion with Goran Lindahl, CEO of ABB (Roger
Ackerman called today to apologize, but he will not be able to
attend--evidently a serious family illness is taking him away immediately)
and Dick Foster.  We hope that most of the panel time will be discussion
with each other and the audience, so that our defense leaders can pose
questions to you and drill down on topics of great interest. Phil Condit,
Chairman and CEO of Boeing,  will open Tuesday morning with his remarks on
Boeing's transformation in progress.  I would have had him on your panel,
however he will be at Boeing's annual board meeting on Monday and won't be
able to get to us until late afternoon.  He will be with us for dinner and
then all day on Tuesday.

Regarding logistics, we have your room reserved for you for Sunday and
Monday evenings, June 24-25.  We begin the meeting with a wine and hors
d'oeuvres reception on Sunday from 5-7 PM in the Carmel Highlands at the
private oceanside residence of Bob and Carol Wallyn, our hosts for the first
Forum seven years ago.  Our guest of honor is Congressman Mac Thornberry.
We will be taking shuttle vans from Quail Lodge to the Wallyns as the road
is quite narrow down the cliff and there is very little parking anywhere
nearby.  The vans should depart the Lodge between 4:30 and 5 pm from the
lobby and return at 7.  Everyone is free to make their own dinner plans for
the evening after the reception.

If I have left anything out please let me know.  Looking forward to meeting
you in Carmel Valley.

Best regards, Dick

Dick O'Neill
The Highlands Group
http://www.highlandsgroup.net
301-469-7400
301-469-5878 fax


-----Original Message-----
From: 	Neal, Scott
Sent:	Monday, November 26, 2001 3:46 PM
To:	Little, Kelli
Cc:	Ring, Andrea; Brawner, Sandra F.
Subject:	RE: BUG Rebooking

Andy Ring and Sandra Brawner need to be at this meeting.

 -----Original Message-----
From: 	Little, Kelli
Sent:	Monday, November 26, 2001 3:43 PM
To:	Neal, Scott
Subject:	RE: BUG Rebooking

Maureen Smith and Ruth Concannon have raised some issues regarding how Brooklyn Union Gas is in the books, specifically, the final contract year (11/1/03 - 10/31/04) is not in the books at all (which will produce a gain when booked), and the current deal structure is telescoped incorrectly at Transco Zones 1,3, & 4 when it should be telescoped 17% at Zone 1, 25% at Zone 2, and 58% at Zone 3.  This will produce a slight loss when rebooked, but the gain from booking the final year is more than enough to offset the loss.

The purpose of tomorrow is to review that issues and valuations with you & Frank before making any changes to the books.  Please let me know if you have any other questions.  Thanks!

Kelli

 -----Original Message-----
From: 	Neal, Scott
Sent:	Monday, November 26, 2001 3:37 PM
To:	Little, Kelli
Subject:	RE: BUG Rebooking

What is this about?

 -----Original Appointment-----
From: 	Irvine, Geraldine   On Behalf Of Little, Kelli
Sent:	Monday, November 26, 2001 2:19 PM
To:	Concannon, Ruth; Vickers, Frank; Neal, Scott; Smith, Maureen; Horne, Jonathan
Subject:	BUG Rebooking
When:	Tuesday, November 27, 2001 3:00 PM-3:30 PM (GMT-06:00) Central Time (US & Canada).
Where:	ECS  5102


Peter:

Below is assignment language that we used in our going master before we
entered into the era of the off balance sheet structures.  I do not recall
whether we have the subcontract assignability language.  I question whether
we need 22.3.

This Agreement or any right or obligation contained herein may be assigned by
Purchaser without Seller's consent to:

 (i) an Affiliate;

 (ii) a Joint Venture, Partnership, or other similar entity in which
Purchaser or Purchaser's Affiliate is a venturer, partner or participant;

 (iii) Owner;

 (iv) Lender; or

 (v) to any entity for the purposes of financing or sale of the Facility.

Except for (i) through (v) above, this Agreement may be assigned by Purchaser
to other parties only upon the prior written consent of Seller which shall
not be unreasonably withheld.  When duly assigned in accordance with the
foregoing, this Agreement shall be binding upon and shall inure to the
benefit of the assignee; any other assignment by Purchaser shall be void and
without force or effect.

22.3   Agreement with Lender.  Seller agrees that if requested by Purchaser,
Seller shall enter into a direct agreement with Lender under which Lender is
permitted to "step into" this Agreement.

22.4   Assignment of Vendor Agreements.  All Seller's subcontracts with
Vendor which have prices equal to or greater than $500,000 shall include
provisions giving Seller an unrestricted right to assign the relevant
subcontract and call benefits, interests, rights and cause of action arising
under it to Purchaser without Vendor's prior permission.


Has the deal between you and Patrice been booked?

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 06/24/2000
09:14 PM ---------------------------

Richard Tomaski@ENRON
06/13/2000 05:37 PM
To: Patrice L Mims/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT
cc: Laura Luce/Corp/Enron@Enron, Russell E Murrell/Corp/Enron@Enron
Subject:

After discussion with Patrice, here is the finalized agreement for the
day-ahead purchase deal (between ENA-central desk and EMW) for the Wilton
Plant.

Location:  Northern Border (Wilton) to become MEH pooling point
Price:        GD chicago large end-users plus $.015 or GD northern border
chicago point if one becomes available
Term:        6/1/2000 thru 9/30/2004
Volume:  0-75,000 mmbtu/daty
Notification: by 9:15 am of trade date

Any volumes greater than 75,000 up to 120,000 will be priced at Patrice's
purchase price plus $.015

I will draft a simple letter for both parties to sign, as a matter of record
keeping.  Call me if you have any questions.  Thanks

Richard


We have another new addition to the Portland West Desk:

Todd Bland has recently joined the Real-Time Trading group as a summer associate.

Todd received his BA in Agricultural Economics from Texas A&M University, where he is currently working toward his Masters in Land Economics and Real Estate (expected graduation: December 2001). Todd has worked at Marine & Petroleum in Texas, Corner Stone Mortgage (also in Texas), and most recently, as a Research Assistant with the Texas Real Estate Center.

Please welcome Todd to our Portland office!


We just changed the Sta 45 number from 301 to 318dth.

Matt

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, October 29, 2001 3:40 PM
To:	Fleming, Matthew B.
Subject:	Trco

What are your Trco volumes again?  I can make changes now without writing new deal tickets.


At your request, attached is a listing of certain work matters for me for the
first half of 2001.  Lance.


AND I'M OUT ALL DAY TOMORROW.  ON SECOND THOUGHT, FEEL FREE TO SUB. PAGES AND GO WTIH IT.  THANKS.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Thursday, December 13, 2001 12:48 PM
To:	Labanowski, Elizabeth
Subject:	RE: OPINION

How late will you be here today?

 -----Original Message-----
From: 	Labanowski, Elizabeth
Sent:	Thursday, December 13, 2001 12:47 PM
To:	Mann, Kay
Subject:	OPINION

I WOULD PREFER TO REEXECUTE IF THERE IS TIME.  OTHERWISE, YOU CAN SUBSTITUTE PAGES AND GIVE ME A FULL COPY.  THANKS.


This in an automated e-mail sent out from the Commissioner.COM
web site.  Do not reply to this e-mail, but instead please visit
your league's site at http://football.commissioner.com/kourn

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

Gary Lamphier requests the following transaction:.

  Drop Jeff Blake.
  Add Bernie Parmalee.

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

To approve this transaction, please go to your web site and
select Transactions, Requests in the Front Office.


Please see attached.

(See attached file: Offer to Purchase Nov. 10.doc)

Keith Irani
Manager, Marketing Services
Vector Pipeline
416 495-5960
keith.irani@cgc.enbridge.com
 - Offer to Purchase Nov. 10.doc


Thank you,  I am in receipt of  your fax.  I have one question.  Is El Paso
Energy Corporation still your parent company?  I have them as the guarantor
on the agreement.  Please let me know if this info is incorrect.

Many thanks,

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


Looks good--I'm faxing some minor comments.  Give George my best!  DF

Jeffery Fawcett
11/21/2000 01:17 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron
cc: Susan Scott/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Ronald
Matthews/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON

Subject: Proposal to Caithness Big Sandy

Attached for your review and comment is a broad outline of a rate proposal to
Caithness for the construction and operation of the 40-mile lateral to the
Big Sandy project.  This non-binding proposal was requested by Caithness'
consultant, George Briden, as a starting point for modeling the economics of
the project's gas supply and a basis for further discussions aimed at
designing an appropriate deal structure.  For your information, James
Centilli calculated the transport rate based on the (+/- 30%) $20.33MM cost
estimate with a ten-year (contract) amortization.

I plan to put this in the mail by the close of business tomorrow.  If you
have any suggestions, please let me hear from you by mid-day.   Thanks.


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Tana, would you please let us know the location of the ISDA folders
referenced in Limor's attached e-mail?
Thanks,
Laurie
----- Forwarded by Laurie Mayer/HOU/ECT on 04/11/2001 10:25 AM -----

	Limor Nissan@MGUSA
	04/11/2001 09:40 AM

		 To: Laurie Mayer/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT
		 cc:
		 Subject: another quick question

Hey guys,

I'm in the process of getting authorized to access files in the O drive, and
need to confirm which folders are ones that I would need.  The one labeled
Legal seems appropriate.  Also, I understood from Alan that there is a folder
with scanned in ISDA Masters that I need.   The thing of it is that I don't
know what's in any of the folders, so it's hard to figure which ones I should
get authorized for.

If you guys could help me identify which ones they are, that would be great.

Thanks,

Limor

520 Madison Avenue
New York, NY 10022
Tel: 212-715-5283
Fax: 212-715-5608
Email: Limor.Nissan@Enron.com


Attached is Marathon's response to our email.  I will call Brad to set up a
telephone conference.

Ted,  Steve asked that I forward this information to a lawyer at Burlington,
but couldn't recall the name.  Do you have any contact information for
Burlington.  Thanks.
----- Forwarded by Gerald Nemec/HOU/ECT on 06/02/2000 09:38 AM -----

	"Bradley G Penn" <bgpenn@marathonoil.com>
	06/01/2000 09:17 AM

		 To: Gerald.Nemec@enron.com
		 cc: ERGetz@GROUPWISE.MarathonOil.com, RAHernandez@GROUPWISE.MarathonOil.com
		 Subject: Re: Platform Lease -Reply -Reply

Gerald, It seems that the drafts that have been sent back to Marathon have
confused the relationships of Marathon, Mariner and MEGS. As an example you
have requested that the LOPSA rely on the O&M Agreement between Mariner and
MEGS, which Marathon is not a party.  We would rather that agreement remain
between MEGS and Mariner and be the basis for your resolution of disputes.
The legal capacities presented in your response to the LOPSA draft are
confusing. All rights seem to flow to MEGS, yet the obligations seem to be on
Mariner, we do not believe the division of rights and obligations in this
manner are a good situation. By example the Indemnity provisions have been
altered to have Mariner indemnify the Owners and Operator (no mention of
MEGS)and then further change the indemnity to a negligence based indemnity
(of Platform Operator). The PHA is a unilateral indemnity to Platform
Operator and Platform Owners and we must insist on this same level of
protection with MEGS.
If you would like to make another attempt at either a ratification or LOPSA
that addresses MEGS as Lessee and Mariner as its operator and provide for any
resolution between those two in the O&M Agreement we would be happy to
discuss this further. If you would like to go through the LOPSA line by line
please call and we can set up a teleconference with our legal department to
do so.
BGP

>>> <Gerald.Nemec@enron.com> 05/31/00 01:04pm >>>

I have reviewed your response and disagree with the characterization of our
modification the documents. I would like to clarify our reasons for the
modifications to avoid any further miscommunications.

MEGS' alteration of the documents do not impair the protections afforded to
Marathon under the Production Handling Agreement.  Our modifications were
simply intended to allocate certain risks between MEGS and Mariner with
respect to Marathon (as operator of the South Pass 89 B Platform) as such
risks were intended to be allocated by MEGS and Mariner.  Mariner's
transfer of interest in the flowline to MEGS introduces a new party which
Marathon can look to for certain obligations with respect to the platform.
The alterations do not remove Mariner from its current role as operator and
maintainer of the flowline and owner of the hydrocarbons.  For these
reasons, I would disagree with your response that the draft alterations do
not provide the intended protections that Marathon would expect absent such
a transfer to MEGS.  Mariner still shoulders these risks and expenses under
the Production Handling Agreement.

Having MEGS fully ratify the Production Handling Agreement  and becoming
jointly and severally liable to Marathon is not appropriate.   MEGS does
not hold title to any hydrocarbon production or operate the facilities and
should not be liable for all risks and expenses associated therewith.
Mariner should continue to shoulder those risks and as before.

I would be happy to discuss your issues with our Platform Lease revisions
at your convenience or to discuss the above further.

                    "Bradley G
                    Penn"                 To:     Gerald.Nemec@enron.com
                    <bgpenn@marath        cc:
ERGetz@GROUPWISE.MarathonOil.com,
                    onoil.com>            JCAlbert@GROUPWISE.MarathonOil.com
                                          Subject:     Platform Lease -Reply
                    05/26/2000
                    10:00 AM

Attached are our response and ratification agreement.
BGP

>>> "Gerald Nemec" <Gerald.Nemec@enron.com> 05/25/00 04:49pm >>>

Brad,  Can you give me a status on where you are at with the review of the
Lease
Docs for the MEGS Facilities? I forward those documents about a month back.

Gerald Nemec
Enron North America Corp. - Legal
(See attached file: MEGS.DOC)
(See attached file: MEGSRAT.DOC)


hey, baby you are the only person who e-mails anything!

i have the dental forms, can you take them to the dentist tomorrow if you get
a chance, thanks!!


Chihuaha That dropped: Jones, Freddie SDC TE
and acquired: Proehl, Ricky STL WR

Natural Gas Gridiron Address:
http://fflnet.myfantasyleague.com/fflnet2001/home/0205

Questions about this site?  Check out our FAQ (Frequently Asked Questions)
at http://www.myfantasyleague.com/fflnet2001/support_faq.html
or our detailed on-line help at
http://www.myfantasyleague.com/fflnet2001/coach.html


RATES & TARIFFS

Provides support in one or more of the following areas:

Preparation of cost of services estimates; Preparation of analyses, exhibits and testimony to support rate cases, certificate and/or tariff applications; Preparation of analyses and schedules for management presentations; Monitoring FERC orders, announcements and actions; Maintenance of required file and regulatory information.

Fran Fagan
Sr. HR Rep
Enron Transportation Services
713.853.5219
fran.fagan@enron.com


I reviewed the counterparties in our Financial Trading Database and located
17 who cannot enter into financial power transactions and cross-checked that
list against my Online Trading Counterparty List and located the 6
counterparties below have been opened to trade online and who cannot trade
financial power and/or who have some type of restriction in place on the type
of financial power transactions they can enter into:

1.  The Bakersfield Californian - can only do newsprint swaps and options
2.  CMS Marketing, Services and Trading - can enter into financial power
transactions only if those transactions are fixed price swaps, basis swaps,
swing swaps and options
3.  Phibro, Inc. - can only do natural gas, crude oil or oil product energy
prices swap, put & call options.  Per my discussions with Tom, this
counterparty is coming through on tonight's list as an amended counterparty
because they want to do financial power.  They have a really old form of
agreement in place from 1993 and it does not allow power financial
transactions.  I spoke to Mark Taylor about this and he said if they want to
do financial power they are going to have to replace this agreement with an
ISDA.  I am going to talk to Credit about this.  They will definitely not be
able to trade financial power by Monday...
4.  PXRE Corporation - weather only
5.  Swiss Re Financial Products Corporation - weather only
6.  Tempest Reinsurance Company Limited - weather only


Attached is a legal risk memo.  Please advise me if you have any questions or
comments that should be addressed before distribution.


laura and amy and i told him he could have 5000.

ds

 -----Original Message-----
From: 	Minter, Tracy
Sent:	Wednesday, March 20, 2002 10:49 AM
To:	Schoolcraft, Darrell
Subject:	FW: pplnom0321.xls

FYI: See David's note below about payback. Let me know if I need to do anything for this payback to happen.

Tracy

 -----Original Message-----
From: 	dlsmith@pplweb.com@ENRON
Sent:	Wednesday, March 20, 2002 10:32 AM
To:	Mulligan, Amy; cwlipke@czn.com; kggruhl@griffithenergyproject.com; Giambrone, Laura; PVMcGonigal@pplmt.com; DJMorrison@pplmt.com; realtime@pplmt.com; dlsmith@pplweb.com; Minter, Tracy; baveety@pplweb.com
Subject:	pplnom0321.xls

 Hi all,

Attached is PPL's gas nomination for tomorrow. Please note we are requesting a
payback from the OBA on the TW lateral per discussion with Citizens and TW gas
control. Thanks

David

 - pplnom0321.xls << File: pplnom0321.xls >>


Thanks for the help.

I have put several products out for your approval.

Thanks,

Eric

Robert B Cass
11/27/2000 04:22 PM
To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT
Subject: Re: New Product

Hi Eric -

I have just been advised that the  new Index  that you requested (as detailed
below) is now available for you to create as a product.

Thanks for letting us work with you.

- Rob
x35491
---------------------- Forwarded by Robert B Cass/HOU/ECT on 11/27/2000 03:00
PM ---------------------------

Robert B Cass
11/22/2000 09:41 AM
To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT
Subject: Re: New Product

Hi Eric -

We will begin testing your index today.   The description for your index will
read as follows:

"The Index for a day shall be the Daily Midpoint price published on such
calendar day under the heading  "Daily Price Survey" in the
East-Houston-Katy, Katy plant tailgate section of Gas Daily, or if a calendar
day is not a Business Day then the price used shall be the Daily Midpoint
price published on the next suceeding Business Day. "

The Product Short Description on the website will be as follows:

 US Gas Daily  KatyPltTailgate  Month/Year  USD/MM

Please advise if this does not meet with your approval.

Thanks -
Rob

	Enron North America Corp.

	From:  Eric Bass                           11/21/2000 12:48 PM

To: Robert B Cass/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT
Subject: New Product

Rob,

I need to get a new gas daily product created.  This product will be settled
daily against the Katy Plant Tailgate under the East-Houston-Katy subheading
in Gas Daily.

Call with questions.

Thanks,

Eric
x3-0977


Steve,

This email is to notify Columbia Gas Transmission of Enron North America's intention to exercise our right of first refusal for the subject contract.  By this notification, Enron does not agree to continue the agreement beyond the current expiration date or match the highest value bid in any subsequent auction.  If you have any questions concerning this notification, please feel free to call me at (713) 853 - 7276.

Thanks for your help,

John


----- Forwarded by Gerald Nemec/HOU/ECT on 12/12/2000 06:04 PM -----

	Gerald Nemec
	09/29/2000 02:06 PM

		 To: Scott Josey/Corp/Enron@ENRON
		 cc: Barbara Gray
		 Subject: Crescendo Alternatives

Scott,  Attached is the memo from local counsel in Denver.  Per Barbara's
voice mail, both her and I agree with the content of the memo.  Craig is an
experienced litigator in Denver.  Please review and let's discuss.