thnx , no need to print b/c i will be emailing them as well

 -----Original Message-----
From: 	Vuittonet, Laura
Sent:	Tuesday, September 04, 2001 11:46 AM
To:	Quigley, Dutch
Subject:	RE: map to Enron

Yahoo is a good one ... I'll create one for you on my favorite website and send it to ya via email.  Let me know if you'd like me to print them out for you as well.
Laura

 -----Original Message-----
From: 	Quigley, Dutch
Sent:	Tuesday, September 04, 2001 10:51 AM
To:	Vuittonet, Laura
Subject:	RE: map to Enron

that is the quandary

I have several people coming from different parts of Houston, I was hoping we had a pre-made one

what do you think is the easiest way , yahoo ?

dq

 -----Original Message-----
From: 	Vuittonet, Laura
Sent:	Tuesday, September 04, 2001 10:48 AM
To:	Quigley, Dutch
Subject:	RE: map to Enron

I can get one online for you ... Do you have a general direction or address of the starting point?

 -----Original Message-----
From: 	Quigley, Dutch
Sent:	Tuesday, September 04, 2001 10:44 AM
To:	Vuittonet, Laura
Subject:	map to Enron

Laura,

Do you have a pre made map to get to the Enron building with directions ?

Dutch


BammelYoungFamilies

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I think the meeting is on Wednesday, but if you can be there (Sacremento, I
expect) you should.  As I mentioned in my voicemail, I think the meeting will
not be particularly substantive;  more likely it is a photo op for the
governor to show how tough he is on the pirate generators.  Based on your
message below, should we still plan to send somebody?  I still think we
should if we can manage the legal risk.

Mike:  would you be able to attend as well?

From: Richard B Sanders@ECT on 05/06/2001 10:45 AM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Gray Davis meeting

As I indicated in my VM, I will be in LA early Tues morning. Would you like
to talk about the isuues before your meeting--or would you like me to go?
----- Forwarded by Richard B Sanders/HOU/ECT on 05/06/2001 10:43 AM -----

	"Shohet, Jeff" <jshohet@graycary.com>
	05/04/2001 10:48 AM

		 To: "Doron Ezickson" <dezickson@mwe.com>, "Gary Fergus"
<gfergus@brobeck.com>, "Gerald L. McMahon" <mcmahon@scmv.com>, "James Ransom"
<james_ransom@la.kirkland.com>, "Jean Frizzell" <jfrizzell@gibbs-bruns.com>,
"Jeffrey Davidson" <jeffrey_davidson@la.kirkland.com>, "Jennifer A. Hein"
<jennifer.hein@neg.pge.com>, "Jennifer Costa" <jennifer.costa@neg.pge.com>,
"John Hershberger" <hershberger@scmv.com>, "Laura H. Roppe" <roppe@scmv.com>,
"Mary Lou Peters" <marylou.peters@msdw.com>, "Michael A. Leone"
<leone@scmv.com>, "Michael J. Weaver" <mike.weaver@lw.com>, "Michael L.
Kirby" <mlk@pkns.com>, "Mike D. Smith" <msmith1@enron.com>, "Richard B.
Sanders" <richard.b.sanders@enron.com>, "Robert Williams"
<robert.c.williams@enron.com>, "Robin Gibbs (Mr.)" <sbishop@gibbs-bruns.com>,
"Stephen A. Herman" <steve.herman@neg.pge.com>, "Sydne Michel"
<sydne_michel@la.kirkland.com>, "Tanya Murphy" <tanya.murphy@neg.pge.com>,
"Tony Richardson" <tony_richardson@la.kirkland.com>
		 cc:
		 Subject: Gray Davis meeting

Williams, Reliant, Enron, Duke, AES, Dynegy, Mirant and Sempra have been
invited to a meeting with the Governor.  The press release provides: "The
agenda will include "unpaid debts, credit and the supply of power."
Williams is concerned about attending such a meeting of competitors without
the presence of antitrust counsel even under the sponsorship of the Governor
(who presumably acts as both the sovereign and on behalf of the buyer(s)).
We are looking into the Sovereign immunity and Noerr-Pennington issues to
determine how best to protect any such group discussions from challenge or
as evidence in any of the pending cases.  Are any of your clients also
concerned about this and are you also looking into these issues?
Williams would like to have a joint defense protected conference call
(perhaps later today if possible) to discuss this meeting and consider
whether antitrust counsel is needed for the group or if each participant
should attend with its own counsel.  Please let me have your thoughts and
whether one of you (or other counsel) is interested and available to
participate in a conference call.  Thanks/

Jeffrey M. Shohet
Gray Cary Ware & Freidenrich
Phone: (619) 699-2743
Fax:     (619) 236-1048
Mobile: (619) 933-2743
email:    jshohet@GrayCary.com

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Thank you.  Let me know when you are ready to demo.

Mike

 -----Original Message-----
From: 	Shim, Elizabeth
Sent:	Monday, October 01, 2001 8:22 PM
To:	Grigsby, Mike
Subject:	Cut Code Project Update

Hi Mike,

I will be out this week, but just wanted to recap what
I spoke to you about earlier last week.  Mike Pena with Unify,
along with Chris Hyde and Dave Dronet in the Fundies group are looking into
connecting the Unify database with the cuts information in Passport this week.
When I come back I will let you know what they have done and help them on the commercial side with El Paso.

If you have any suggestions while this is in progress, please contact
myself or Chris Hyde.

Thank you.

-Liz.


----- Forwarded by Stephanie Harris/Corp/Enron on 12/01/2000 01:20 PM -----

	Rob.Walls@enron.com
	11/30/2000 05:26 PM

		 To: Stephanie.Harris@enron.com, Bruce.Lundstrom@corp.enron.com
		 cc:
		 Subject: Re: Meetings with Sharad Pawar

----- Forwarded by Rob Walls/NA/Enron on 11/30/2000 05:25 PM -----

                    Sanjay
                    Bhatnagar@ENRON_D       To:     Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
                    EVELOPMENT              cc:     James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
                                            Walls/NA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
                    11/30/2000 07:00        Jeff Skilling@ENRON, Kenneth
Lay@ENRON
                    PM                      Subject:     Re: Meetings with
Sharad Pawar(Document link: Rob Walls)

Rebecca:

These meetings that were set up with Pawar in Delhi were supposed to be
attended by Wade but but he was unable to attend them due to the fact that
he fell sick. No agreements have been reached because there are none that
are contemplated. All we have done is to encourage the GOM to approach the
GOI for reducing their own liabilities. The details you will find in the
other memo I have already sent to you. (I picked up your email after I
finished sending my emails).  The approach as u will notice is no different
than what we have been following all along and I believe that  you know
that already.  If u want further clarification, I am happy to discuss this
with you or if u want to follow a different strategy then please let me
know. I am at the Delhi Oberoi at  91-11-4363030, room 716.

Ken had expressed to me last week that you desired to take charge
immediately and start moving the resolution of the Dabhol issues forward. I
agree that this will be the best way forward. Given the way things are
moving, I think that it would be best  that you arrive in Delhi immediately
over the weekend so that I can introduce you to the players on Monday and
start transitioning the relationships to you and Wade. Wade will join the
team in delhi as soon as he is able to travel. Tuesday onwards I have
urgent commitments in Mumbai that require my presence there.

As you can appreciate, your presence in these meetings will be essential
for you to start getting a feel for the situation on the ground and
developing the rapport with the key players. The GOM is clearly driving the
train and if we are to assist them its essential that we not slow them down
and assist them in any way we can.

regards,

Sanjay

Rebecca McDonald
11/30/2000 01:13 PM

To:   Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob
      Walls/NA/Enron@Enron, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
      Jeff Skilling@ENRON, Kenneth Lay@ENRON
Subject:  Meetings with Sharad Pawar

Sanjay,

Through several forwardings of memos it has come to my attention that you
had several meetings this week with Sharad Pawar and reached some
agreements.  I understand that a conference call to generate a strategy
regarding our approach to Mr Pawar was cancelled and no one is able to
explain to me what approach  you took or what the nature is of any
agreements or accomodations that you may have struck in these meetings.  I
think it is important that I and the rest of the task force be involved in
the setting of strategy even if we will call on you to conduct any of the
discussions and it is clear that it is cooperation and coordination is
paramount.

Please call or write immediately with a briefing of those meetings and of
any agreements that were agreed to.  In the future, I would appreciate
better coordination and discussions on all matter related to Dabhol and to
Metgas.  I am available by phone day or night.

Regards
Rebecca


FYI.  If you'd like to discuss, don't hesitate...
----- Forwarded by Jeff Dasovich/NA/Enron on 09/28/2000 12:46 PM -----

	Marianne Castano@EES
	09/28/2000 12:39 PM

		 To: Dennis Benevides/HOU/EES@EES
		 cc: Jeff Dasovich/NA/Enron@Enron, Karen A Cordova/HOU/EES@EES, Diann
Huddleson/HOU/EES@EES
		 Subject: Re: SDG&E Credits

Dennis:  Just wanted to bring this item to your attention.  We've researched
the terms of our residential agreements and have noted that they are silent
as to the issue of credits/refunds.  I've asked Jeff and Mike Day, our
regulatory counsel in CA, for their input on whether we should refund these
credits back to our residential customers.

 Notwithstanding  the fact that the language of the original decision
allowing the credits does not address direct access customers, Jeff and Mike
recommend, given the current climate in California, that we take action to
refund these credits to our residential customers.

 Just want to make sure you're "on board" with this before we direct CSC to
refund the credit back to our residential accounts...Marianne

.

	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


You have probably already received a report of the interconnect agreement described below.  The updated portion, describing FERC's order issued last week, appears in italics.  If you would like more information please let me know.

Susan Scott Lindberg
713.853.0596
sscott3@enron.com

***
Commonwealth Edison Company.  ER00-3668-001.  Settlement Issues.  Commonwealth Edison proposed to install equipment at its East Frankfort substation (East Frankfort) to accommodate the 138 kV interconnection of University Park's 300 MW peaking generation facility.  Under the agreements, University Park is wholly responsible for the costs of relocating two 345 kV transmission lines and one 12 kV line at East Frankfort. On November 8, 2000, FERC accepted and suspended Commonwealth Edison's September 12 agreements, subject to refund and subject to Commonwealth Edison making a compliance filing to: 1) set out specific charges for the proposed interconnection of University Park's generation facility (together with supporting documentation); and 2) provide support for the proposed direct assignment of facilities to University Park.  On June 4, 2000, regarding Commonwealth Edison's revisions to its unexecuted interconnection agreement filed in compliance with FERC's November 8 order, FERC: 1) accepted the proposed charge of $900,000 for a T-tap connection and $300,000 ($1.2 million) for protective relaying as directly assignable to University Park; 2) rejected Commonwealth Edison's estimated $9 million for the enhancement of East Frankfort and other changes to the September 12 interconnection agreement not contemplated in the November 8 order; and 3) rejected Commonwealth Edison's proposed $1.5 million charge related to the line relocation costs, set this matter for hearing, and held the hearing in abeyance pending settlement discussions between the parties.  On June 12, the Chief Judge issues an order designating a settlement judge, Judge Jacob Leventhal, and directing him to convene a settlement conference, to explore the possibility of settlement, to discuss the differences between the parties, and in general to conduct the settlement negotiations.  Chief Judge also directs all parties to have persons present at the settlement negotiations with authority to negotiate and accept or approve settlement terms. Chief Judge explains that Judge Leventhal will be available to meet with the parties individually or in groups, in person or by telephone prior to the conference.  Further, he states that a settlement conference will convene in a FERC hearing room on June 21, 2001 at 10:00 A.M.


FYI if you guys are interested.
---------------------- Forwarded by Chris Germany/HOU/ECT on 02/29/2000 03:34
PM ---------------------------

Imelda Frayre
02/29/2000 11:49 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: New Portfolio

The portfolio we have created is "East - Service Deals - No Contract" and can
be opened up in Deal Manager to view the storage deals on the East desk that
have no contract.  Since we just created the porftolio, you will have to
click on the blue refresh arrow icon located in the Open dialogue box in Deal
Manager.  This will refresh the list of portfolios you can open and include
the one we just created.  If you have any questions, please call me at x35423.

Imelda Frayre


FYI - Please see below for the final version being sent to the FERC.

Shelley - Would you like me to forward to Rob Kilmer's group?

Thanks,
Elizabeth

 -----Original Message-----
From: 	Bianchi, Rita
Sent:	Friday, September 28, 2001 10:09 AM
To:	Brown, Elizabeth
Subject:	TW California reports w/minor changes

Here is the file you sent me with the following changes:

1.  Question 1: added a comment line after the column headings explaining that Interruptible contracts may be extended from month to month unless terminated on 30 days' notice by either party.  Mary Kay thought we needed some explanation why those contracts showed termination dates in the past.  I eliminated this line, along with the headers, on the CD version of the file.

2.  Question 3:  I just changed the alignment on the text cells for the 3 comment records at the bottom from Centered to Left.


- 12-18-2001.xls


----- Forwarded by Tana Jones/HOU/ECT on 04/25/2001 09:31 AM -----

	Marcus Nettelton@ENRON
	04/24/2001 05:37 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL approvals, 04-24-01

Have Nevada Power or Sierra Resources a presence in Canada? Unclear as to why
they are seeking to trade physical power in Canada, having regard to their
service area of Nevada. Otherwise Ditto Credit.

	Tana Jones@ECT
	04/24/2001 05:27 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: EOL approvals, 04-24-01

----- Forwarded by Tana Jones/HOU/ECT on 04/24/2001 05:27 PM -----

	Walter Guidroz/ENRON@enronXgate
	04/24/2001 05:25 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen ODay/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron
Communications@Enron Communications, Danny Clark/Enron Communications@Enron
Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber Ebow/HOU/ECT@ECT
		 cc:
		 Subject: EOL approvals, 04-24-01

Please see attached.


No problem - I can only imagine the process!  I have been up to my ears in
DWR contracts anyways.

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Wednesday, July 11, 2001 4:52 PM
To: Thome, Jennifer
Subject: RE: CERA/UCLA Anderson report

thanks.  and i apologize profusely for having excluded you from the list.  it
was, as you can imagine (having worked together on these fire drills together
in the past), it was not pretty---process wise.

	Jennifer Thome/ENRON@enronXgate 07/11/2001 04:12 PM 	   To: Jeff
Dasovich/NA/Enron@Enron  cc:   Subject: RE: CERA/UCLA Anderson report

Great job on the Dunn letter, by the way!
 -----Original Message-----
From:  Dasovich, Jeff
Sent: Wednesday, July 11, 2001 4:10 PM
To: Thome, Jennifer
Subject: Re: CERA/UCLA Anderson report

thanks.


Peggy is in charge of customer communications.

From:	Joseph Wagner/ENRON@enronXgate on 12/06/2001 11:02 AM
To:	Robert D Gresch/HOU/EES@EES, Evan Hughes/ENRON@enronxgate, Diann Huddleson/HOU/EES@EES, Christi L Nicolay/ENRON@enronXgate, James D Steffes/ENRON@enronXgate, Rogers Herndon/ENRON@enronXgate
cc:
Subject:	FW: Enron Energy Services drop to POLR (TXU TDSP)

FYI- This is an email from ERCOT with all of our ESI IDs that are pending meter reads or have been cancelled already.  I just wanted to make sure that we have sent out a letter to our customers letting them now they are being switched to the POLR.

 -----Original Message-----
From: 	"Richter, Tracy" <trichter@ercot.com>@ENRON
Sent:	Wednesday, December 05, 2001 3:44 PM
To:	Parsons, Mark; Hafner, Allyson; dharris1@txu.com; Wagner, Joseph
Cc:	Bergman, Karen; Mingo, Sonja; Brinegar, Craig; Kassel, John; Adams, Jack; McCarty, Mike; Richter, Tracy
Subject:	Enron Energy Services drop to POLR (TXU TDSP)

Attached is a spreadsheet showing the 12 Enron Energy Services ESI-ID's.  Two of them have been cancelled.  There are 10 which we have received  the 814_10 and are In Review status.
 - Enron status 12-5-01.xls


Dear Team Members:

Please disregard the list from my previous e-mail.  The telephone
numbers/majors were not sorted with the candidate names.  The following list
contains the CORRECT contact information for our candidates.  I apoligize for
the inconvenience.

Thank you,

lexi
3-4585


Start Date: 4/18/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041814.txt


I agree we should have the work performed and we can talk about whether we
file it later.

Roger

Mona L Petrochko@ENRON
11/02/2000 04:20 PM

To:   Harry Kingerski/NA/Enron@Enron, Roger Yang
cc:   Susan J Mara/NA/Enron@Enron, jdasovic@.enron.com, Sandra
McCubbin/NA/Enron@Enron, Joseph Alamo/NA/Enron@ENRON, Marcie
Milner/Corp/Enron@ENRON, Paul Kaufman, Lysa Akin/PDX/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Alan Comnes
Subject:  Hydro

There is an opportunity to update our existing testimony in the hydro
proceeding based upon current market information.  As PG&E is saying $2.8
billion reflects current market prices, I think we should consider filing
something that would indicate that the value of the assets is greater than
what we had previously submitted $3.4 billion.

We have to consider the FERC order and the likelihood that prices that were
experienced this summer is not likely to re-occur, to the same extent, next
summer.

I will submit an RCR, but want to make sure we discuss it first and give
MRW adequate time to do their analysis, should we decide to file.

Let me know your thoughts.

Thanks.


Start Date: 4/12/01; HourAhead hour: 8;  HourAhead schedule download failed.
Manual intervention required.


Greetings!

If you have not received your GE group health medical identification cards,
you may call the following number to request cards again.

800-688-0327


Office # 800-327-1499 Cell # 502-558-2568


Not a bad wire story - relevant for our conference call later today. Reuters
in London called me at breakfast yesterday, then Mark gave them some on the
record comments later. See quote. I had pointed them at lessons to be learnt
in relation to Spain and Netherlands, and you will see there are a couple of
mentions of those countries (though only in context of interconnection
capacity) towards the end of the piece. I think other relevant lessons would
be related to perils of allowing retail and wholesale (esp. pools for
residual capacity) markets to be divorced in regulatory terms one from the
other. Difference from California, however, is that the divorce in Spain and
Netherlands works currently to detriment of new entrants and to the benefit
of vertically integrated incumbents.

---------------------- Forwarded by Peter Styles/LON/ECT on 01/12/2001 10:59
AM ---------------------------

Iona Maclean
01/12/2001 08:24 AM
To: Jackie Gentle/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Alex
Parsons/EU/Enron@Enron, Peter Styles/LON/ECT@ECT, John Sherriff/LON/ECT@ECT,
Michael R Brown/LON/ECT@ECT, Joe Gold/LON/ECT@ECT, Richard Lewis/LON/ECT@ECT,
Matthew Scrimshaw/LON/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, Julie
Green/LON/ECT@ECT, Eva Hoeffelman/LON/ECT@ECT, Andrew Morrison/LON/ECT@ECT,
Fiona Grant/LON/ECT@ECT
cc:

Subject: Europe seen shrugging off California power crisis- Reuters- Enron
mention

---------------------- Forwarded by Iona Maclean/LON/ECT on 12/01/2001 07:25
---------------------------

djcustomclips@djinteractive.com on 11/01/2001 18:14:54
Please respond to nobody@mail1.djnr.com
To: 216668@mailman.enron.com
cc:

Subject: Enron Reuters folder: UK:    ANALYSIS-Europe seen shrugging off
California power crisis.

UK:
ANALYSIS-Europe seen shrugging off California power crisis.
By Stuart Penson

01/11/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Jan 11 (Reuters) - California's electricity crisis has sent jitters
through the European power industry but the continent, better supplied than
the U.S. state, will continue down the path of liberalisation, analysts said
on Thursday.

"California is definitely going to help us recognise that there are potential
problems in Europe," said Katharina Gassner, power analyst at the UK's Oxford
Economic Research Associates (OXERA).
"But we would certainly expect those problems to be ironed out as
(liberalised) markets evolve in Europe."

Acute power shortages in California have triggered a surge in wholesale
prices, causing the state's two biggest utilities - Pacific Gas & Electric and
Southern California Edison - to run up costs of $12 billion which cannot be
passed on to customers because prices are capped under state law.

The meltdown of California's flawed experiment in power deregulation has
alerted European regulators to the pitfalls of opening up energy markets to
competition.

But analysts say Europe's ample supplies of electricity mean it will make the
switch to competitive markets without the threat of utility bankruptcies and
blackouts now faced by America's richest state.

The European Union's power markets are opening up to competition under a
European Union Directive which came into force in 1999.

California's crisis, which is sending ripples through financial markets and
topping the agenda of U.S. Energy Secretary Bill Richardson, is rooted in a
shortage of power and an apparently unbalanced deregulation model, analysts
say.

Electricity consumption, fuelled by California's high-tech industrial base, is
far outstripping local supply which has not grown significantly for years.

New power projects were a rarity in the 1990s as environmental constraints,
bureaucratic delays and regulatory uncertainty put off investors.

EUROPE HAS POWER SURPLUS

By contrast, most European markets have a significant surplus of power. This
is most evident in Germany, mainland Europe's biggest market, where power
prices crashed after liberalisation in 1998.

"Anyone who assumes what is happening in California is going to happen in
Europe is really not understanding the situation," said Nigel Evans, managing
director in Europe for Energy consulting company Caminus.

"The supply/demand fundamentals in Europe are vastly different to California."

Supply is tighter in Europe's fastest growing markets, like Spain and Ireland.
But unlike in California, there is no shortage of companies prepared to build
new generation.

"I don't think there is any evidence of the system coming under real stress in
any European markets," said David Smol of UK-based consultants Ilex.

"There is lots of new investment on the block."

CALIFORNIA POWER PRICES ROCKET

The Californian price increases, mainly seen on the California Power Exchange,
have been higher than fundamentals justify, said Mark Schroeder, a vice
president of European government and regulatory affairs at U.S. energy group
Enron .

"Prices on the exchange reflect the need to recoup stranded costs rather than
true market fundamentals," he said.

The utilities cannot pass the costs on to retail customers because retail
rates, unlike liberalised wholesale prices, are frozen under state
deregulation laws.

Europe's deregulation plan contains a staggered timetable of market opening
that brings competition ultimately to all consumers, from big industrial
consumers down to private households.

But European liberalisation is not problem free. Transmission bottlenecks are
restricting supply on the borders of France, Spain, Italy and the Netherlands.

Prices in Spain and the Netherlands have been forced higher recently as a
result of constraints on interconnection, much of which is used under
long-term supply deals arranged prior to liberalisation.

"Interconnection is a problem but it's more about freeing up existing capacity
taken up by long term contracts than about building new interconnection," said
Gassner at OXERA.

The development of efficient, free markets across Europe would enable
companies to enter into swaps deals, removing the need for physical
interconnection, Gassner added.

Folder Name: Enron Reuters folder
Relevance Score on Scale of 100: 85

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511
or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


Carlos,
This confirms our discussion this morning that CSFB will wire 17,539,200.25
GBP to Enron Investments PLC's account at Morgan Stanley.  Enron Investments
PLC will then receive 6 million shares DVP.  This provides the best trail for
the transaction.  Settlement will be on Tuesday, 30/5/2000.

Laurel Adams will e-mail you instructions for wiring funds to the Morgan
Stanley account.  Please provide to her settlement instructions for the
shares.
Laurel's direct number is 713-853-7035.

Thanks. Sheila

Below is the break-out for the trade provided:


-----Original Message-----
From: 	WIRED <WIRED@condenast.flonetwork.com>@ENRON
Sent:	Tuesday, December 18, 2001 9:33 PM
To:	Lay, Kenneth
Subject:	Wired Rescues Last-Minute Holiday Shoppers!

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I agree with Teb.
(I have programed my e-mail so that this is always the opening line.)

The FTS-1 remains FTS-1 the entire time period.  It does not convert back to SFTS.  Chattahoochee is simply holds all FTS-1 rights and obligations between releases.  There is no requirement regarding time periods between releases.  The only requirements regarding time is the limitation that switches from SFTS to FTS-1 and FTS-1 to SFTS cannot be sooner than 12 months.  (Sheet No 31.)

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Monday, January 14, 2002 9:06 AM
To:	Bastida, Nancy; King Jr., Frazier
Cc:	Trevino, Linda; Eldridge, Dale; Brown, Elizabeth
Subject:	RE: SFTS conversions

If Chattahoochee converted all of their SFTS  to FTS-1 for the purpose of release, there is no problem with a gap.  If they still hold any SFTS,  they cannot have FTS-1 capacity at the same time, even for 1 month.

 -----Original Message-----
From: 	Bastida, Nancy
Sent:	Friday, January 11, 2002 3:41 PM
To:	King Jr., Frazier; Lokey, Teb
Cc:	Trevino, Linda; Eldridge, Dale; Brown, Elizabeth
Subject:	SFTS conversions
Importance:	High

I have a question about the SFTS conversions that were done a while back so that the customer could utilize our capacity release program.  I noticed that The City of Chattahoochee converted their SFTS to FTS-1 and that the temporary acquisitions on their FTS-1 have a gap.  More specifically, they have a release in place for 10/1/02 thru 4/30/03 and the next release begins 10/1/03 thru 4/30/04.  Do the releases have to be consecutive in order for them to retain their conversion to FTS-1?  Because they will not have a release in place for May thru Sept. of 2003 according to their releases.  Is this wrong?  I haven't checked to see if this occurs on any of the other coversions and will if this is an issue.  Please advise.  nb


(See attached file: HPLN0313.xls)

 - HPLN0313.xls


---------------------- Forwarded by Rick Buy/HOU/ECT on 02/05/2001 03:40 PM ---------------------------

	  From:  Sheila Walton                           02/01/2001 08:56 AM

To:	Rick Buy/HOU/ECT@ECT
cc:
Subject:


Mary:

That is good news.  At the rate we are going, we will have enough energy
companies before long to have substantial commodity committee meeting in
North America.  I am still thinking about the breakfast in New York.

Take care.

Mark


Issue 1 - Mike Swerzbin
Missing deal = 524266 (Enron buys EES - 25 mw - off peak - Mid C - Q3'01 -
price is $285.95)
 Mike Driscoll just spoke with Amerex broker, who confirmed he wanted the
five-cent fee on a different deal (524247), not this one. Our price is right.

Issue 2 - Mike Swerzbin
Mike agreed to 50 mw, but if we change this deal we have to change the other
side - therefore, 524267 and 524266 will both be changed to 50 mw.

Issue 3 - Diana Scholtes
This is the first I think I've heard about 523984 - I'm sorry if I overlooked
it. Diana says it's $345 - it's been changed.

Let me know if this resolves everything.

Kate

Evelyn Metoyer@ENRON
02/16/2001 11:19 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 2/15 Amerex Checkout

Let's start over:

ISSUE 1-Mike Swerzbin
deal 524248 and deal 524266
This two deals checkout with Amerex fine.  Amerex has one deal at 50 mw and
we have two identical deals at 25 mw.

deal 524247
This deal checks out with Amerex fine.

The deal that I am missing is Enron buys from EES 25 mw of off-peak Mid-C for
Q3'01 at $285.95.

ISSUE 2- Mike Swerzbin
deal 524267
 Amerex has 50 mw and we have 25 mw.

ISSUE 3- Dianna Scholtes
deal 523984
Amerex has price as $345 and we have price as $335.

This has been a terrible ordeal and I will be so glad when everthing is
resolved!!!

Thanks
Evelyn

   Kate Symes @ ECT                02/15/2001 06:10 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 2/15 Amerex Checkout

I am missing the following deal:
Enron buys from EES 25 mw of off-peak Mid-C for Q3'01 at $285.95. - 524248 -
part of a spread sleeve done with EES and El Paso - only one broker fee
agreed upon - fee included on deal 524247 NOT 524248

Thanks,
Kate

Evelyn Metoyer@ENRON
02/15/2001 02:38 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/15 Amerex Checkout

Jeff Richter
deal 523881
Per Amerex the term should be 2/17 only not 2/17-2/18

deal 523882
Per Amerex the term should be 2/17 only not 2/17-2/18

Matt Motley
deal 524143
Per Amerex the price should be $263 not $163

Mike Swerzbin
deal 524171
Per Amerex the price should be $300 not $310

deal 524172
Per Amerex the price should be $300 not $310

deal 524267
Per Amerex the total mw should be 50 not 25

deal 524310
Per Amerex the term should be March not April

I am missing the following deal:
Enron buys from EES 25 mw of off-peak Mid-C for Q3'01 at $285.95.


I don't know how long this will take---I est. a half-day but will find out soon.

(P.S. Elizabeth and M-T---do you want to do attend?)


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 03/29/2001
07:08 AM ---------------------------

"Endo, Steven" <sendo@ci.pasadena.ca.us> on 03/28/2001 07:11:35 PM
To: "Tori Kuykendall (E-mail)" <Tori.Kuykendall@enron.com>, "Suzanne
Christiansen (E-mail)" <Suzanne.Christiansen@enron.com>, "Jan Sutherland
(E-mail)" <Jan.Sutherland@enron.com;>, Kim.Ward@enron.com
cc:
Subject: April 2001 Nomination

All-

The total nomination for month of April 2001 is 10,506MMBtu per day.  This
includes:

1. 4,135MMBtu/day purchase from Engage @ Kingsgate (4,006MMBtu/day @ Malin);
2. 3,000MMBtu/day APEA gas;
3. 1,000MMBtu/day balance of year strip purchased on behalf of Azusa @
$7.71/MMBtu;
4. 2,000MMBtu/day under two separate fixed contracts of 1,000MMBtu/day each;
4. 500MMBtu/day March 2001 through Feb strip purchased @ $7.63;

Losses on the PG & E line have decreased from March 2001 to 3.12%.  We have
not sold any of the APEA gas (3,000MMBtu/day)at this time.

To review the phone conversation between Jan and me, we are planning to shut
down our last steam plant for maintenance from midnight March 30, 2001
through 1800 or so April 11, 2001.  Kim and I have arranged for Enron to
purchase the non-APEA gas during that period.  At this time, we believe that
the power plant will burn enough gas during the last 20 days of the month to
use the APEA gas.  If anything changes, I will notify you.

If you have any questions, please contact me.

Thanks.

-Steve


We have received the following executed documents:

Consent to Assignment dated as of June 12, 2000 between Merchant Energy Group
of the Americas, Inc. ("MEGA") and ENA, wherein MEGA assigned to Morgan
Stanley Capital Group, Inc.  its interest in certain financial transactions
it had entered into with ENA; and

Amendment to Consent to Assignment dated as of June 13, 2000 wherein  MEGA,
ENA and Morgan Stanley agreed that the Transactions assigned in the above
Agreement will be governed by the ISDA Master Agreement between ENA and
Morgan Stanley.

Copies will be distributed.


Desiree will schedule other appointments as well

Cynthia will attend in your place.


No plans, call you later.

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


Deal 386264 has a start date of 9/1/00.

D

Mary Poorman@ENRON
10/30/2000 04:02 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON
Subject: Sale to Rhone Poule meter 988078

I have a sale at the above referenced meter which begins on the 5th of
October.  Gas flowed for the first four days without a deal.  Please input a
deal to cover.

Thank you,

Mary


Jim and Margaret:

Attached you will find the latest version of the transition document.  It
incoprporates most of the suggestions you made as well as the agreements we
camr to on my last visit to HOU.

Margaret,  as you will see I need you help with a couple of pages.

Jim, I need you to help me get some people to participate in the Addressing
Specific Issues chapter.

I hope you find it useful.

Best,

Ricardo


FYI
---------------------- Forwarded by Mike A Roberts/HOU/ECT on 09/20/2000
09:06 AM ---------------------------

Scott Tholan@ENRON
09/19/2000 07:57 PM
To: Mark Tawney/HOU/ECT@ECT, Gary Taylor/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT
cc: Chris Clark/NA/Enron@Enron
Subject: Sacramento Weather Station

Hey guys,
 We're talking to a contractor(s) that can build us a weather station
(hopefully very quickly) for placement in Sacramento, California.  For a
variety of legal, contractor, and operational reasons, I need to confirm some
of the following requirements as soon as possible so we can proceed:

a)  You need rainfall, snowfall, and temperature measurement from one,
high-accuracy commercially available weather station.
b)  You need a daily feed of this data to Enron's weather desk:  Does this
mean one data dump at a set time per day?  Alternatively, will you need to
check the data real-time, perhaps at varying and multiple times during the
day?
c)  We will be installing this station near Sacramento, California:  We will
need to know exactly what areas in/near Sacramento are suitable for the site
of the weather station.  (What again was the name of the town that you
mentioned Mark?)  In the interest of time, I recommend that your weather
expert accompany our landman to select the site, which will allow our landman
to more quickly lease and install the station.
d)  You desire to have some independent security measures to deter or detect
tampering. I suggest given the very short time fuse, that we first install
the station and then develop security measures.
e)  We will feed the data directly to the Enron weather desk.  Will any other
parties require real-time access to this data?

Please forward responses directly to:  Chris Clark/NA/ENRON and myself.
Thanks,  Scott


Bill, yesterday you said you guys would email Con Agra's physical crude position for November.  I do not have it.

Jeff


I have talked with some of the commercial folks in the Gas Pipeline Group and
in addition to ElPaso Energy(which I have previously discussed with you)  we
believe that Wisconsin Gas Company and Wisconsin Electric Power Company
should be on the restricted entity list.Please call if you have any
questions.


Attached are the minutes for the January 22-23, 2002 meetings.

         Melinda Gallishaw
           Enron Transportation Services
         Southwest Operations
         Loc:  ECN4517
         Tel:   713-853-7688
         Fax:  713-646-4808
  melinda.gallishaw@enron.com


We are trying to get the banks out of our hair a little bit here so let me know if there are any more requests for info and don't send anything to them without clearing it with me first. I will run sensitive stuff past Lavo and then try to let the banks know they have enough know. They are calling people directly now and we need to stop that. Thanks, Rick


Joe, meet Joe.  My apologies.  I've had trouble getting contact information
for Joe (Kaishkill).  Joe  K. could you confirm that you've received this
note.  Also, I left you Joe A.'s phone contact numbers on your Houston
voicemail last week.  Joe A. could you please send Joe K. your contact
numbers again?  Thanks very much.

If there's anything else either of you need, please don't hesitate to let me
know.

All the best,
Jeff

	mail@joesdesk.com
	06/18/2001 09:20 AM

		 To: jeff.dasovich@enron.com, Jeff.Dasovich@enron.com
		 cc:
		 Subject: brazil contact

Hello Jeff:

I am back from my Asia trip and will be leaving for Brazil tomorrow. I would
like to contact Joe Kaischkill in anticipation of my trip to schedule time
with him. Could I get a contact # or email to intitiate contact?

Thanks for your help once again.
Best regards,
Joe Alcantara


The PRELIMINARY Violation Memos for 11/19/01 have been published and are available for viewing on the ERV:  http:\\erv.corp.enron.com - Violation/Notification Memo Section.


Good to go!

	Mark Taylor
	05/25/2001 04:36 PM

		 To: Harry M Collins/HOU/ECT@ECT
		 cc:
		 Subject: Product Type approval needed (CAN Newsprint Phy)

Is this one OK as well?
----- Forwarded by Mark Taylor/HOU/ECT on 05/25/2001 04:36 PM -----

	Chris Walker/ENRON@enronXgate
	05/24/2001 04:18 PM

		 To: Jeff Blumenthal/ENRON@enronXgate, Susan Musch/ENRON@enronXgate, Bjorn
Hagelmann/ENRON@enronXgate, Mark Taylor/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate, Shari Mao/HOU/ECT@ECT,
Charlie Hoang/ENRON@enronXgate
		 cc: Lisa Lees/ENRON@enronXgate, Stephanie Sever/ENRON@enronXgate, Tana
Jones/HOU/ECT@ECT, Karen Lambert/ENRON@enronXgate, Kelly
Lombardi/ENRON@enronXgate, Tara Sweitzer/ENRON@enronXgate, Dawn C
Kenne/ENRON@enronXgate, Torrey Moorer/ENRON@enronXgate, Robert B
Cass/ENRON@enronXgate, Kevin Meredith/ENRON@enronXgate, Melba
Lozano/ENRON@enronXgate, Carlos Alatorre/ENRON@enronXgate
		 Subject: Product Type approval needed (CAN Newsprint Phy)

Please approve the following product type in Data Manager after 11:00 A.M.
Attached are the GTC and long description.

CAN Newsprint Phy

CAN Newsprnt Phy 48.8 gm East Canada     Jul01           CAD/Mt

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


-----Original Message-----
From: 	Gilbert, Steve
Sent:	Friday, October 05, 2001 11:27 AM
To:	McCarty, Danny
Cc:	Miller, Kent; Neubauer, Dave; Geaccone, Tracy; Keiser, John
Subject:	NNG Commercial "Worry List for 2002"

Per your request, attached is the 2002 "Worry list for NNG Commercial.


i went to tilas and then downtown.  it was fun.


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                NOVEMBER 15, 2001

Notice ID: 3273
5 - NO RESPONSE REQUIRED

SUBJECT:  REVISED-CAPACITY UPDATE EFFECTIVE FOR SATURDAY, NOVEMBER 17, 2001 AND
SUNDAY,NOVEMBER 18, 2001

                 CHANGES ARE INDICATED WITH AN *

Effective Saturday, November 17, 2001 and Sunday, November 18, 2001, capacities
will be as follows:

Excess MDWQ              Available +
ISS Withdrawals          Available
SIT Withdrawals          Available
Imbalance Drawdowns      Available

Excess MDIQ              NOT Available +
ISS Injections           NOT Available
SIT Injections           NOT Available
Imbalance Paybacks       NOT Available

PAL Lends/Unparks        Available
PAL Parks/Loan Paybacks  NOT Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Non-firm receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            20,000
Broad Run (B9)          450,000
Cambridge (B10)               0
Dungannon (B11)          20,000
Highland (B17)                0
Milford (B18)            20,000
North Greenwood (B22)         0
Unionville (B15)         50,000

TEXAS EASTERN:

Delmont (C16)            10,000
Eagle (C22)              20,000
Hooker (C9)              20,000
Pennsburg (C23)          20,000
Windridge (C12)          20,000

NATIONAL FUEL:

Independence (M1)             0
Ellwood City (L1)        15,000

TRANSCO:

Downingtown (E3)          2,500
Emporia I (E13)           2,500 *
Rockville (E2)           60,000
Dranesville (E1)         50,000

EQUITABLE GAS:

Hi Hat (F3)                   0

KENTUCKY WEST VIRGINIA (KYWV):

Beaver Creek (H1)             0

CNR PIPELINE:

Boldman (CNR02)               0
Conoway (CNR03)               0
Johns Creek (CNR08)           0
Canada (CNR09)                0
Canada (CNR10)                0
Stafford (CNR11)              0
Thacker/Majestic (CNR12)      0
Briar Mtn. (CNR13)            0
Huff Creek (CNR14)            0
Wiser (827280)                0

CONOCO:                       0

Delta Natural Gas (819288)    0
Grant (P1)                    0

NOTE:  ANY APPALACHIAN PRODUCTION FLOWING DIRECTLY INTO COLUMBIA'S LINE KA
BETWEEN COLUMBIA'S BOLDMAN COMPRESSOR STATION AND COLUMBIA'S HUFF CREEK
COMPRESSOR STATION AS WELL AS PRODUCTION FLOWING INTO COLUMBIA'S LINES SM-116,
KA-15, PM-3, AND PM-17 IS 0 NON-FIRM.

ALGONQUIN:

Ramapo (R1)              25,000

ANR:

Paulding/Cecil           30,000
(F1, A2)

LEBANON AGGREGATE       100,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE        100,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach               700,000

Internal point non-firm capacity will be as follows:

Lanham                        0

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek            10,000
  (MLI E5)
Young Woman's Creek      10,000
  (MLI E9)

ALGONQUIN:

Hanover                       0
  (MLI R2)

EQUITRANS:

Fallen Timber            31,000
  (MLI K1)

Waynesburg-Rhinehart     20,000
  (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No restrictions for southern part of Market Area 36.
                          Primary receipts/deliveries only for gas delivered
                          in the northern portion of Market Area 36.
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

NOTE:  GAS DELIVERED IN THE NORTHERN PORTION OF MARKET AREA 38 OR THE NORTHERN
PORTION OF MARKET AREA 36 MUST BE RECEIVED FROM TENNESSEE GAS PIPELINE AT
HIGHLAND.

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

If you have any questions, please contact your Account
Representative.


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TODAY'S HEADLINES
The New York Times on the Web
Tuesday, January 29, 2002
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

QUOTE OF THE DAY
=========================
"We're resilient; this is New Orleans. But how are we just
going to wait for days and days until the next parade? We
need our fix."
-ARTHUR HARDY, publisher of a Mardi Gras guide, on the city's decision to
stop Mardi Gras parades during Super Bowl weekend.

http://www.nytimes.com/2002/01/29/sports/football/29ORLE.html?todaysheadlines

NATIONAL
=========================
U.S. Is Requesting Tighter Security at Utah Olympics

Out of concern that some sites have not been adequately
protected, the Justice Department has requested major
security changes at the Olympic Games.
http://www.nytimes.com/2002/01/29/olympics/29SECU.html?todaysheadlines

-----

Bush Says Privacy Is Needed on Data From Enron Talks

President Bush on Monday defended his refusal to turn over
information to Congress about contacts between Enron and
the administration's energy task force.
http://www.nytimes.com/2002/01/29/business/29ENRO.html?todaysheadlines

-----

Act on Clean-Elections Law, Court Orders

The Supreme Judicial Court of Massachusetts has brought back
a statute long believed dead: the Massachusetts Clean
Elections Law.
http://www.nytimes.com/2002/01/29/national/29CAMP.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
=========================
Bush Reconsiders Stand on Treating Captives of War

President Bush said he was reconsidering the question of
whether detainees held in Guantanamo Bay, Cuba, should
be protected under the Geneva Convention.
http://www.nytimes.com/2002/01/29/international/americas/29DETA.html?todaysheadlines

-----

Saudi Affirms U.S. Ties but Says Bush Ignores Palestinians'
Cause

In a rare interview, Crown Prince Abdullah of Saudi Arabia
embraced the United States as a close friend, but
criticized American policy in the Middle East.
http://www.nytimes.com/2002/01/29/international/middleeast/29SAUD.html?todaysheadlines

-----

Bush Offers Afghanistan U.S. Help for Training of Military
and Police

President Bush vowed to build "a lasting partnership" with
Afghanistan, by helping it train forces and offering $50
million in credit for private investments.
http://www.nytimes.com/2002/01/29/international/asia/29PREX.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Bush Says Privacy Is Needed on Data From Enron Talks

President Bush on Monday defended his refusal to turn over
information to Congress about contacts between Enron and
the administration's energy task force.
http://www.nytimes.com/2002/01/29/business/29ENRO.html?todaysheadlines

-----

In Another Big Bankruptcy, a Fiber Optic Venture Fails

Global Crossing, which spent five years and $15 billion to
build a worldwide network of high-speed Internet and
telephone lines, filed for bankruptcy protection.
http://www.nytimes.com/2002/01/29/technology/29GLOB.html?todaysheadlines

-----

Back From the Brink, Xerox Posts a Return to Operating
Profit

It appears that the pain of cutting jobs, selling assets and
fighting off allegations of accounting irregularities have
paid off for Xerox.
http://www.nytimes.com/2002/01/29/business/29XERO.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
In Another Big Bankruptcy, a Fiber Optic Venture Fails

Global Crossing, which spent five years and $15 billion to
build a worldwide network of high-speed Internet and
telephone lines, filed for bankruptcy protection.
http://www.nytimes.com/2002/01/29/technology/29GLOB.html?todaysheadlines

-----

Back From the Brink, Xerox Posts a Return to Operating
Profit

It appears that the pain of cutting jobs, selling assets and
fighting off allegations of accounting irregularities have
paid off for Xerox.
http://www.nytimes.com/2002/01/29/business/29XERO.html?todaysheadlines

-----

Chip Makers in Japan See Only Trouble

Toshiba and Fujitsu are scheduled to announce results on
Tuesday for the third fiscal quarter, and both are expected
to be severely downbeat.
http://www.nytimes.com/2002/01/29/technology/29YEN.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Bush Reconsiders Stand on Treating Captives of War

President Bush said he was reconsidering the question of
whether detainees held in Guantanamo Bay, Cuba, should
be protected under the Geneva Convention.
http://www.nytimes.com/2002/01/29/international/americas/29DETA.html?todaysheadlines

-----

Bush Proposes Drug Benefit for the Low-Income Elderly

President Bush on Monday proposed spending $190 billion over
the next decade to overhaul Medicare and provide
prescription-drug benefits to the elderly.
http://www.nytimes.com/2002/01/29/politics/29MEDI.html?todaysheadlines

-----

Bush Says Privacy Is Needed on Data From Enron Talks

President Bush on Monday defended his refusal to turn over
information to Congress about contacts between Enron and
the administration's energy task force.
http://www.nytimes.com/2002/01/29/business/29ENRO.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Belichick Dodges, Parries and Wins

Coach Bill Belichick summoned his flat-line voice and
inscrutable facial expressions when asked about the
Patriots' quarterback situation.
http://www.nytimes.com/2002/01/29/sports/football/29PATS.html?todaysheadlines

-----

U.S. Is Requesting Tighter Security at Utah Olympics

Out of concern that some sites have not been adequately
protected, the Justice Department has requested major
security changes at the Olympic Games.
http://www.nytimes.com/2002/01/29/olympics/29SECU.html?todaysheadlines

-----

Concern Over Health Risk Stemming Use of Painkillers

Since Alonzo Mourning was found to have a kidney disorder,
many players in the N.B.A. have grown concerned about the
use of anti-inflammatory drugs.
http://www.nytimes.com/2002/01/29/sports/basketball/29PAIN-FINAL.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Jewish Museum Show Looks Nazis in the Face and Creates a
Fuss

The show's   idea, the museum says, is to bring together
works using images of Nazis and the Holocaust that focus
not on the victims but on the   perpetrators for a change.
http://www.nytimes.com/2002/01/29/arts/29NOTE.html?todaysheadlines

-----

The Old Man Who Loved the Sea, and Papa

When Gregorio Fuentes, Ernest Hemingway's fishing companion
and confidant, died earlier this month in Cuba, the sadness
spread back to the Chicago suburb where Hemingway was born
and raised.
http://www.nytimes.com/2002/01/29/arts/29HEMI.html?todaysheadlines

-----

Flamenco Dares the Unpredictable

Flamenco, for all its strictly defined musical and dance
forms, is an art of extremes.
http://www.nytimes.com/2002/01/29/arts/dance/29CANA.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Seeking Safety, Manhattan Firms are Scattering

Morgan Stanley, Goldman Sachs and Marsh & McClennan are
all planning on decentralizing their operations, part of a
trend that does not bode well for Lower Manhattan.
http://www.nytimes.com/2002/01/29/nyregion/29DOWN.html?todaysheadlines

-----

Huge Police Presence Is Readied for World Economic Forum

Protesters at the World Economic Forum later this week can
expect to see 3,800 police officers with zero tolerance for
any violations of the law.
http://www.nytimes.com/2002/01/29/nyregion/29FORU.html?todaysheadlines

-----

Bloomberg Is Increasing City Lobbying in Washington

Mayor Michael R. Bloomberg has started to aggressively lobby
on Capitol Hill to put New York City's needs front and
center with the nation's lawmakers.
http://www.nytimes.com/2002/01/29/nyregion/29LOBB.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
The Great Divide
By PAUL KRUGMAN
I predict that in   the years ahead Enron, not Sept. 11,
will come to be seen as the greater   turning point in
American society.
http://www.nytimes.com/2002/01/29/opinion/29KRUG.html?todaysheadlines

-----

A Need for Prudence in the Persian Gulf
By SHIBLEY TELHAMI
Over time, the United States and Saudi   Arabia should begin
talks to reduce   the American military presence, because
our mutual interests will require that change.
http://www.nytimes.com/2002/01/29/opinion/29TELH.html?todaysheadlines

-----

Argentines Check Their Baggage
By ROBERTO GONZALEZ ECHVARRIA
The Argentines now returning to   Spain are very different
from their   grandparents, many of whom were   poor Spanish
emigrants.
http://www.nytimes.com/2002/01/29/opinion/29ECHE.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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For those who follow European developments, some of these slides show how
Enron's settled (not just physical) volumes stack up against other big
European players (their numbers are probably just physical).   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 28/07/2000
16:15 ---------------------------

Dani Palethorpe
28/07/2000 15:47
To: Mark Schroeder/LON/ECT@ECT
cc: Amr Ibrahim/ENRON_DEVELOPMENT@enron_development, Fiona Grant/LON/ECT@ECT

Subject: Re: Powerpoint Presentation

I apologise - I did send the wrong presentation

Here is the correct one

Let me know if there are any further questions

dani

Mark Schroeder
28/07/2000 14:36
To: Dani Palethorpe/LON/ECT@ECT
cc: Amr Ibrahim/ENRON_DEVELOPMENT@enron_development, Fiona Grant/LON/ECT@ECT

Subject: Re: Powerpoint Presentation

I just scrolled through it, and may have missed it.  Which slide shows the
comparision to other energy companies?  thanks  mcs

Dani Palethorpe
28/07/2000 14:26
To: Amr Ibrahim/ENRON_DEVELOPMENT@enron_development
cc: Mark Schroeder/LON/ECT@ECT, Fiona Grant/LON/ECT@ECT

Subject: Powerpoint Presentation

As requested, enclosed is a powerpoint presentation showing  our traded
volumes in the european market , including those  that compare us to rival
energy companies.

Please let me know if you need assistance regarding these slides

dani


(See attached file: HPLN0314.xls)

 - HPLN0314.xls


Dear Vince, Christie and Vasant:

Thank you for the presentation to the Enron Tiger Team.  It was most
informative and well received by the students. This is an exciting project
and the students are enthusuastic and anxious to begin.  Many thanks, also,
for hosting the dinner at the Palladium.  It was a wonderful opportunity to
get to know more about the project, as well the Enron representatives and
the students.

Listed below is the contact information with team contacts identified.
I will send you the teams project preferences as soon as I recieve them from
all the students.

It may be a good idea to contact the students before they leave for vacation
(15-22 Dec) to see who is interested in a trip to Houston in January for
planning purposes.  They will return to campus Jan. 16.

Please let me know if there is anything I can do to assist from this end.

Again, thank you for your support of the Wharton School and of the Tiger
Team Project 2001.

Sincerely,
Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
(215) 573-8394
(215) 573-5727 fax
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu

Enron 1  Vincent Chen     Vincent.Chen.wg02@wharton.upenn.edu
Enron 1  Nick Levitt
Nicholas.Levitt.wg02@wharton.upenn.edu
Enron 1  Deepa Mallik     mallikd@wharton.upenn.edu
Enron 1  Jack Rejtman     Jack.Rejtman.wg02@wharton.upenn.edu
Enron 1  Kim Whitsel      whitselk@wharton.upenn.edu
***Team Contact
Enron 1           Tulika Bhalla    bhallat@wharton.upenn.edu

Enron 2  Jaideep Singh singhjai@wharton.upenn.edu
Enron 2  Edson Otani       edsono@wharton.upenn.edu
Enron 2  Joshua Leventhal levent86@wharton.upenn.edu
***Team contact
Enron 2  Pat Henahan       mhenahan@wharton.upenn.edu
Enron 2  Murat Camoglu Camoglum@wharton.upenn.edu
Enron 2  Gustavo Palazzi gustavop@wharton.upenn.edu

Enron 3  Clay DeGiacinto
clayton.degiacinto.wg02@wharton.upenn.edu
Enron 3  Steve Lessar
Stephen.Lessar.wg02@wharton.upenn.edu
Enron 3  Ram Vittal       mvittal@wharton.upenn.edu
***Team Contact
Enron 3  Jason Cummins Marc.Cummins.wg02@wharton.upenn.edu
Enron 3  Omar Bassel       bassalo@wharton.upenn.edu
Enron 3  Dennis Feerick
Dennis.Feerick.wg02@wharton.upenn.edu

Professors: Louis Thomas  thomas@wharton.upenn.edu
            Keith Weigelt  weigelt@wharton.upenn.edu
TA: Heather Thorne hethorne@wharton.upenn.edu
FAP: Donna Piazze  piazze@wharton.upenn.edu

Host contacts:
Vince Kaminski  vkamins@enron.com
Christie Patick  christie.patrick@enron.com


How about the same time on Monday?  10am PST; 12 noon CST; 1 pm EST?

I'll put you guys down for 10am my time...unless I hear different.

Thanks,
Tracy

From: Sara Shackleton on 04/25/2001 07:55 AM
To: Tracy Ngo/PDX/ECT@ECT
cc:

Subject: RE: "Transfer" provision

Tracy:  It's fine with me.  Let's schedule a time next week on Monday.  The
lawyers will be gone Wed - Fri next week.  Name a time.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/25/2001 09:52 AM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/24/2001 07:29 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: "Transfer" provision

I am prapring for a trip to Denver tomorrow.  Can we push this off until next
week.

Yair Yaish
Office of General Counsel
AEGM
2-7955

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, April 24, 2001 7:44 PM
To: yyaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: "Transfer" provision

Yair:

Tracy and I would like to discuss the "Transfer" issue with you tomorrow,
if possible.  We think this should be a short discussion (maybe 10
minutes).  How is 1 pm NY time, tomorrow Wednesday April 25?  This seems to
be the most convenient for both of us, but we will entertain times before 3
pm NY time.

Would you please email your response?

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


here is the latest from jackie and me

>From: "Chris Neale" <chrisjneale@hotmail.com>
>To: JKelly@FairIsaac.com, Jeff.Dasovich@enron.com,
>cneale@coredevelopmentinc.com
>CC: dasovich@haas.berkeley.edu, kupiecki@haas.berkeley.edu,
>tedchin@hotmail.com
>Subject: RE: FW: Review Session for Final
>Date: Sun, 03 Dec 2000 21:56:16 -0800
>
>Kim & Jeff, Hope all is going well with your other project.
>
>Attached is the word document containing the list of Attachements for the
>Executive Summary and who is doing which part.  For parts B - G, all that
>needs to be done is to clean up the analysis & Plot the results.
>
>Hope it helps, Chris
>
>
>
><< StadiumStudySession.doc >>

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - discount rates.doc
 - JACKIE EXHIBITS.xls


Bob / Steve,

This is to inform you that, at last, I heard from the OMLX yesterday
afternoon that they have signed the documentation for ECTRIC's Prop trader
membership of the OMLX.  Please note that this does not mean at this stage
that ECTRIC is a trading member of the Exchange as this is dependant on the
following:

1. The OMLX are sending back to me the Clearing Agreement and one other
document which require the signature of  our clearer, E.D.&F Man
International Ltd in London.  (Apparently, although the OMLX has signed them,
they require us to forward them to Man rather than for them to do this!!!!).
Once Man's have signed them, then I shall need to file them with the OMLX
once again.

Accordingly, please let me have:

(i) details of our contact at E.D.&F Man International Ltd in London; and

(ii) his/her telephone number so that I can speak to them and then arrange
for these documents to be sent to them.

2. Steve needs to arrange  to take his SFA examination.  Once passed, he
needs to let me (and Lin Richardson) know.  Under the OMLX's application
procedure, I shall then need to write to the Exchange to let them know
formally that Steve will be EEFT's trader and that he has passed his SFA
exams.

Only once 1 and 2 have been completed will ECTRIC be admitted as a Prop
trading member of the Exchange.

I look forward to hearing from you.

Mark


You guys are going to kill me, but I just got a ticket on the floor for the
Rockets game tonight.  I was hoping I could get cell phone numbers from a few
of you so that I could maybe meet up with y'all after the game.  I definitely
want to see everyone and could "go out" later if anyone's interested.

Susan
---------------------- Forwarded by Susan M Scott/HOU/ECT on 10/12/2000 12:02
PM ---------------------------

Susan M Scott
10/11/2000 08:15 AM
To: Ashleastu@aol.com @ ENRON
cc: sarah_c_buck@hotmail.com@ENRON, julianna.grisham@halliburton.com@ENRON,
jkbowles@hotmail.com@ENRON, Lisa.A.Meador@chase.com@ENRON
Subject: Re: how about carraba's this thursday night? (oct 12th)

Hey girls,

I'm back from London (the trip was incredible) and would love to see all of
you this Thursday.  I hope we can all make it.

Susan

	Enron Capital & Trade Resources Corp.

	From:  Ashleastu@aol.com                           10/08/2000 10:46 PM

To: sarah_c_buck@hotmail.com, julianna.grisham@halliburton.com,
jkbowles@hotmail.com, Susan.M.Scott@enron.com, Lisa.A.Meador@chase.com
cc:
Subject: how about carraba's this thursday night? (oct 12th)

ok, eveyone - let's this again!! carraba's this thursday night around
8:45ish!! it will be an ORIGINAL TASTERS  DINNER GET TOGETHER!!! '

email me and let me know if this fits into your schedule!

love,
ashlea


A reminder of the high-tech presentations over the next two days:

Wednesday - i2 Technologies (b2b company) - 12:30pm Heyns Room, Faculty Club
(too late to sign up on BearTracks, but please attend if interested)

Thursday - Excite@Home - 6:00pm Heyns Room, Faculty Club (please sign up on
BearTracks)

Rich

Rich Wong
Account Manager, Technology
Haas Career Center


Steve-

Today we rolled the maturing equity trade with Bear Stearns.

Here are the details:
Shares:  323,000
New Fwd price: 80.25
Maturity Date: Aug 24, 2001
Settlement: Aug 29, 2001

Jeff Nogid
Manager
Enron Global Finance
713-853-4782


Hi Herman,

Here's the agreement I referenced in my voice mail.  We will change it so
that they can't buy any equipment without further written authorization from
Enron.  Anything else?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/19/2000 03:39
PM ---------------------------

Fred Mitro@ECT
07/11/2000 02:29 PM
To: Ben Jacoby/HOU/ECT@ECT
cc: Rusty Stevens/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron

Subject: Kendall New Century Development,LLC; Plano Letter of Intent

Ben:

Attached is the ComEd Letter of Intent to interconnect at the Plano TSS.  In
addition, ComEd has included a cover letter which indicates a significant
level of uncertainty regarding a '01 interconnect at Plano.  Under the
guidelines of Appendix K of ComEd's Open Access Transmission Tarriff, we are
required to execute this LOI within 15 days of the date of receipt (7/7/00)
in order to maintain our current position (6/12/00) in the ComEd queue.  If
we execute after 7/22/00, then the date our date in the ComEd queue becomes
the date of execution of the LOI.

Appendix K provides that once the LOI is executed, ComEd shall provide Enron
with an Interconnection Study (IS)  and Project Diagram (PD) within 45 days
(ComEd has the option to extend another 30 days, if needed).  The IS and PD
will provide Enron with a description of the upgrades required and an
estimate of the proposed allocation of the cost to interconnect.  The IS and
PD do not provide Enron with information on transmission availability (ie
ATC), this would be addressed by the Interconnection Feasibility Study
currently in progress by ComEd (I am expecting the results of this IFS in the
next 2-3 weeks).

ComEd informed me in a discussion yesterday afternoon that their current
interpretation of AppendixK provides that if the commercial start date of a
proposed IPP project is delayed, that there is no impact to that proposed
projects' queue position relative to competing projects provided that all
interconnection milestones (LOI, PD, Notice To Proceed, and IA) remain
current.  ComEd further indicated that such a delay would result in a project
with an inferior queue position (i.e. Wizvest) being charged with the
necessary system upgrade costs even though their project would come on line
prior to the project with the superior queue position.  I will request that
this interpretation be confirmed by ComEd in writing to Enron. (This
interpretation obviously has a large value implication for the Torrence site
relative to the Wizvest planned '01 interconnect).

I will review this letter on the plane to Houston this afternoon.  I believe
that it authorizes ComEd to spend up to $100K on engineering related to the
interconnect design.  It also addresses the ordering and payment
responsibilities for long-lead equipment required to facilitate the proposed
interconnection.  Based upon our development budget discussions earlier this
week,  we obviously do not want to incurr long-lead equipment charges prior
to having a clear value proposition in our sights.  I will have
recommendations ready for you on these issues by Wednesday.  I am
simaltaneously forwarding it to Kay Mann for her review so that we will be in
a position to move forward to execution prior to 7/22 if we choose to do so.
From a legal standpoint, this is ComEd's boilerplate LOI.  I believe that we
executed a similar LOI for Wilton Center in early 1999 under Des Plaines
Green Land Development, L.L.C.

Call me if you wish to discuss.

Fred
---------------------- Forwarded by Fred Mitro/HOU/ECT on 07/07/2000 05:24 PM
---------------------------

<Bruce.L.Tanouye@ucm.com> on 07/07/2000 03:57:31 PM
To: fred.mitro@enron.com
cc: Carter.C.Culver@ucm.com, Robert.D.Koszyk@ucm.com
Subject: Kendall New Century Development,LLC; Plano Letter of Intent

Fred,

Thank you for your request to Interconnect nw generating facilities per your
request to, Steven T naumann, Transmission Services Vice president. Please
execute the Letter of Intent per the attachments to maintain your place in
the queue of Applicants fo interconnection.

 <<LOI attachmwn_7_7_00enron plano.doc>>  <<1XM10!7.7.00.DOC>>

Thank You,

Bruce L. Tanouye
Com*Ed Transmission Services
Independent Power Production Services
Phone:  708-410-5276
Fax:  708-410-5900
E-Mail:  bruce.l.tanouye@ucm.com

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 - LOI attachmwn_7_7_00enron plano.doc
 - 1XM10!7.7.00.DOC


Rod:
Do you and Diana have a copy of the ISDA master between ENA and Kaiser?  If
not, here is a summary of some of the Kaiser credit related provisions:

 1. $30,000,000 cross default threshold

2. MAC Event of Default - As to Kaiser, a MAC occurs if either an Event of
Default occurs under the 2/15/94 Credit Agreement with BankAmerica or its
credit rating drops to B- or below by S&P and B3  or below by Moody's.  In
each case, if they deliver collateral, no Event of Default occurs.

3. Collateral Threshold equal to ENA's Net Exposure which goes to zero if a
MAC occurs and there is a failure to deliver collateral within 90 days or an
Event of Default occurs.

4. $1,000,000 rounding amounts

With respect to setoff rights, I spoke with David Mitchell about this and if
it turns out that both types of swap transactions are done with the same
Kaiser entity but different Enron entities and the metals ISDA has
appropriate setoff language, then we feel fairly comfortable that upon a
Kaiser bankruptcy filing in the US, we would be able to exercise setoff
rights.

What is the next step?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Roderick Nelson/Enron@EUEnronXGate
	05/25/2001 09:15 AM

		 To: Carol St Clair/HOU/ECT@ECT, Diana Higgins/Enron@EUEnronXGate
		 cc:
		 Subject: RE: Kaiser

Hi Carol.  Great to hear from you.  I hope all is going well.

Diana Higgins who is a manager (credit) in the metal area will be the
principal credit person.  I would say that Kaiser is a low grade credit and
the contract should be robust with early termination and collateral rights.

 -----Original Message-----
From:  St Clair, Carol
Sent: 25 May 2001 15:02
To: Nelson, Roderick; Simons, Paul
Cc: Shackleton, Sara
Subject: Kaiser
Importance: High

Rod and Paul:
I have checked the ISDA between Kaiser and ENA and it has our standard setoff
language which permits setoff of amounts owed by or to the Non-Defaulting
Party and its Affiliates against amounts owed by or to the Defaulting Party
under the ISDA and other agreements.  Please call me once you have located
the Metals agreement as Greg indicated to me in a voice mail that he needs an
answer this morning.

Rod,
If we get comfortable on the legal side with this arrangement, are there
other credit issues that need to be considered?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


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Once again, have a happy holiday season!
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I think the ranch was owned by Jimmy Powell.  It was 20 miles west of Menard
on Hwy 190.  A great area that's for sure.

Three deer have been killed on the ranch thatI know of so far:

1)  17", 10 point by Wayne Scroggins that grossed ~135 and is third largest
ever on ranch.  Didn't weigh it but they estimate it was 140-150 lbs.

2) Mike Lehnert (Mickey's son ) killed an 17", 11 point with a double main
beam, four brow tines, and a drop tine.

3) Travis shot a 16"  9 point that was pretty nice but had two broken points.

We've seen more bucks than we have since '93.  More fawns than I ever
remember.  Maybe things have turned around for awhile.  I've got some good
videos I'll show sometime.  When are ya'll coming?


FYI...

Energy Cos Limit Business With Enron After 10Q -Traders
By Mark Golden

11/20/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

  NEW YORK -(Dow Jones)- Many energy trading companies were unwilling to sell
power and natural gas for next day delivery to Enron Corp. (ENE) Tuesday
morning, a result of heightened credit concerns following the release of
Enron's quarterly financial report Monday, traders and other sources said.

  For weeks, companies have limited both buying and selling with Enron for
future deliveries. But for the first time since Enron's troubles began a month
ago, energy companies weren't selling to Enron in the spot markets for fear
that Enron might not be able to pay its bills as soon as next month.
  "It's pretty well accepted in the industry that people are staying away for
now," said Charlie Sanchez, energy market manager for Gelber & Associates in
Houston.

  Traders at all of the major companies contacted said they couldn't sell to
Enron Tuesday morning. Several spokespeople for energy companies confirmed the
situation, but declined to say so on the record.

  "Nobody will take Enron," one western electricity broker said. After
struggling, however, that broker eventually found a utility that was willing
to sell to Enron Tuesday morning.

  Calpine, a prominent independent power producer and trader, said it was
willing to sell power to Enron.

  "We continue to sell power to Enron and are monitoring the situation
closely," spokeswoman Catherine Potter said.

  The situation Tuesday morning was fluid. One utility that refused to sell to
Enron in the morning was willing to do so in the afternoon, a person at the
company said. That company's trading, however, was still limited to the spot
markets.

  Credit concerns about the once-dominant energy trading company were
heightened with Enron's filing of its third quarter annual report Monday
evening with the U.S. Securities Exchange Commission.

  Enron may have to pay $690 million on a note that became a demand obligation
with the company's most recent credit-rating downgrade, Enron said in Monday's
filing. The company also warned that its profits in the fourth quarter could
be hurt by credit concerns, a decline in asset values and reduced trading
activity.

  "The 10Q in and by itself is a document that could raise concerns," Fitch
analyst Ralph Pellecchia said. "We have a lot of questions outstanding
relative to disclosures that were new to us and their strategies of how they
are going to manage the situation."

  Companies are willing to buy from Enron in the spot gas and power markets,
because taking delivery on commodity and paying for it a month later poses no
credit risk for the buyer.


Michael, I will be discussing with John and others in the near future about
the status of the study.  When will your progress report be ready for
review?  It might be a good idea to let us review your report and then we can
make comments and recommendations based upon your findings.  Im glad that
things are going well with your data and that we may be able to apply
something positive towards our situation.  Thanks for getting back with me.

Michael Adewumi <michael@pnge.psu.edu> on 05/24/2001 06:10:20 AM
To: "'Larry.Campbell@enron.com'" <Larry.Campbell@enron.com>
cc: "'John.Shafer@enron.com'" <John.Shafer@enron.com>,
"'William.Kendrick@enron.com'" <William.Kendrick@enron.com>,
"'Rich.Jolly@enron.com'" <Rich.Jolly@enron.com>, "'Randy.Rice@enron.com'"
<Randy.Rice@enron.com>, "'David.Roensch@enron.com'"
<David.Roensch@enron.com>, "'Louis.Soldano@enron.com'"
<Louis.Soldano@enron.com>, "'Michael.Terraso@enron.com'"
<Michael.Terraso@enron.com>

Subject: RE: status, PCB pipeline modeling study

Hi Larry:
 Sorry for the delayed response. I have just got back from an
overseas trip yesterday. I am in the process of preparing a progress report
for you. We have obtained some additional interesting results. I was also
waiting for input from your group. You may recall that at the end of our
Houston meeting, John told me that he would be getting back to me on some
specific directions from the group. I believe that we would be done with the
major aspects of PCB work soon, then we would be focusing on arsenic. Please
let me know of any thoughts and ideas. Thanks Larry.
  We are finally seeing the Spring here and maybe a short one for that
matter. Summer is just around the corner.
Best Regards,
Michael

-----Original Message-----
From: Larry.Campbell@enron.com [mailto:Larry.Campbell@enron.com]
Sent: Tuesday, May 08, 2001 11:44 AM
To: Michael Adewumi
Cc: John.Shafer@enron.com; William.Kendrick@enron.com;
Rich.Jolly@enron.com; Randy.Rice@enron.com; David.Roensch@enron.com;
Louis.Soldano@enron.com; Michael.Terraso@enron.com
Subject: status, PCB pipeline modeling study

Michael, I know its been some time since we communicated, but how is the
PCB pipeline modeling efforts going?   I would appreciate a  summary from
you identifying  recent discoveries and a general update on the project.

Have you thawed out from the Pennsylvania winter?