John, Have had a conversation with IBJ re the CSA, and they have asked us to
consider proposing a solution that does not involve a CSA

	John Viverito
	09/22/2000 12:04 PM

		 To: John Suttle/HOU/ECT@ECT
		 cc: Jane McBride/AP/Enron@Enron@ECT, John Viverito/Corp/Enron@ENRON@ECT,
Jonathan.Whitehead@enron.com, Kevin Cordesman/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Morten E Pettersen/AP/Enron@Enron@ECT, Steven
Kleege/HOU/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

John-

During our last meeting with IBJ, we pushed hard for the implementation of
the CSA.  I believe that they have the systems capability to handle the
requisite activities relating to the CSA, as we understand that they utilize
same with certain financial institution counterparties.  We expressed our
view on these matters and also raised other issues that we had discussed in
our recent conference call.

IBJ informed us that they have never entered into a CSA with a non-financial
institution counterparty and my response was that Enron can then be the
first.  We requested that they raise this issue with their respective
superiors.  As you know, their response to our discussions relating to this
issue was "In terms of CSA, as we are not ready for running collateral
operations, we still do not prefer to use the CSA."  The legitimacy of this
statement is certainly debatable and the underlying reason may actually be
something entirely different, including the possibility that they merely do
not want to enter into a CSA with a non-financial institution.

We will continue to attempt to persuade IBJ to enter into the CSA with Enron,
however it is uncertain if this is achievable.

	John Suttle@ECT
	09/21/2000 08:52 AM

		 To: John Viverito/Corp/Enron@ENRON
		 cc: Jane McBride/AP/Enron@Enron, Jonathan.Whitehead@enron.com@ENRON, Kevin
Cordesman/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Morten E
Pettersen/AP/Enron@Enron, Steven Kleege/HOU/ECT@ECT, Tom
Bruce-Jones/LON/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

To clarify, and also getting back to Mark Taylor's argument that IBJ is one
of the more sophisticated financial enterprises on the planet, and
considering the fact that they have agreed to Enron being the Calculation
Agent, is their argument that they are incapable of mark to market
verification?  We calculate - we call for margin - they verify.

I am certain that they calculate mark to market positions with their other
trading entities, and their argument that they can't do so for Enron is
weak.  If they simply refuse a CSA, then we can deal with this as discussed
in our phone conversation last week, but this argument of theirs should be
something we can get around don't you think?

From: John Viverito@ENRON on 09/21/2000 04:21 AM
To: John Suttle/HOU/ECT@ECT
cc: Jane McBride/AP/Enron@Enron@ECT, John Viverito/Corp/Enron@ENRON@ECT,
Jonathan.Whitehead@enron.com, Kevin Cordesman/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Morten E Pettersen/AP/Enron@Enron@ECT, Steven
Kleege/HOU/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT
Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

John-

You are correct that Enron is the "Calculation Agent", however I believe that
IBJ would also be making their own calculations as well, to monitor/double
check our calculations.

John

	John Suttle@ECT
	09/20/2000 01:53 PM

		 To: John Viverito/Corp/Enron@ENRON
		 cc: Mark Taylor/HOU/ECT@ECT, Jonathan.Whitehead@enron.com@ENRON, Kevin
Cordesman/HOU/ECT@ECT, Steven Kleege/HOU/ECT@ECT, Tom
Bruce-Jones/LON/ECT@ECT, Morten E Pettersen/AP/Enron@Enron, Jane
McBride/AP/Enron@Enron
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Isn't Enron the "Calculation Agent" - leaving IBJ only to confirm our marks
if we are to make a margin call?

From: John Viverito@ENRON on 09/19/2000 04:40 AM
To: Mark Taylor/HOU/ECT@ECT
cc: Jonathan.Whitehead@enron.com, Kevin Cordesman/HOU/ECT@ECT, Steven
Kleege/HOU/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT, Morten E
Pettersen/AP/Enron@Enron, Jane McBride/AP/Enron@Enron, John
Suttle/HOU/ECT@ECT
Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Mark-

Today, we received IBJ's responsive comments to the points that have been
raised, which are set forth below for your review.

IBJ has stated "In terms of CSA, as we are not ready for running collateral
operations, we still do not prefer to use the CSA."  During our recent
meeting they did not deny that IBJ had entered into CSAs with financial
institutions.  I note that IBJ also raised the point that Enron had a loan
from IBJ of roughly US$ 100,000,000.
Jonathan Whitehead has raised this issue with John Suttle to receive his
input.

IBJ's specific responses are quoted below as follows:-

"Part 1

(a)  Agreed not include Affiliates of PartyA.

(g)  We prefer to terminate the Transactions when as a result of merger as
for a party, a surviving party of such becomes materially weaker than before.

Part 3

We usually accept to deliver a copy the list of authorized signatures only.

Part 4

(f)Even though deleting the word "not" in this provision, we can net the
payments with respect to the same Transaction.   Due to our system
incapability, we are not able to net the payments with respect to two or more
Transactions in the same currency.

(h) Agreed.

Part 5

(a)  If your suggested language is included, a Non-defaulting Party has to
continue to make payment to a Defaulting Party with no payment obligation,
which does not seem realistic.  We prefer to terminate Transactions when an
Event of Default occurs.  We do not like to include the provision which
releases a technical error.

(c)  Agreed.

(e)  We propose 5 business days instead.

(g)  We do not think the definition of the Affiliate includes a party's
branch offices. If our branch have a deal with Enron Japan, we will amend
this Master Agreement to include such branch as Multibranch Office.  We heard
that in most jurisdictions of the world,  it is not effective to set-off the
obligations between a party and the other party's Affiliate.

(i)  Agreed to include this provision.

(j)  We do not prefer that a party could transfer its rights and obligations
without the other party's consent to even its Affiliates. We might not get
approval of the transfer from our Credit Department or such transfer might
cause an additional payment of tax or other cost.

(k)  We will revert to you later.

(m)  Agreed.

(n)  Agreed to include this provision.

Part 6

We still prefer to include the provisions relating to the Commodity
Transactions in the respective Confirmations."

I look forward to receiving your input.  I note that Jane McBride has started
here at Enron Japan, therefore I have copied her on this correspondence.
Looking forward to seeing you in Houston soon.

Best regards,

John
----- Forwarded by John Viverito/Corp/Enron on 09/19/2000 04:15 AM -----

	John Viverito
	09/07/2000 04:54 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Jonathan.Whitehead@enron.com, Kevin Cordesman/HOU/ECT@ECT, Steven
Kleege/HOU/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Mark-

Thanks for your input.  I agree with all of the comments you have raised.  As
to Part 5 (n), the use of the English language is not uncommon in Japan with
regard to these types of arrangements and should be insisted upon for
transactions under the ISDA documentation.

I think that it will be useful to better understand Japanese market practice
relating to the use of the Credit Support Annex. Therefore, I have asked
Baker & McKenzie to provide a clear picture as to the situation in Japan and
will provide this information upon receipt.

Following receipt of John Suttle's comments, I will prepare the response to
IBJ based on the points that have been raised by both you and John.

Thanks,

John

	Mark Taylor@ECT
	09/06/2000 09:00 PM

		 To: John Viverito/Corp/Enron@ENRON
		 cc: Jonathan.Whitehead@enron.com, Kevin Cordesman/HOU/ECT@ECT, Steven
Kleege/HOU/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

 I had a brief conversation this morning with John Suttle (Credit) and it
looks like he's going to insist on the CSA.  We are going to talk tomorrow
and go through the whole agreement to get the rest of his comments.  While we
have documentation for transactions entered into prior to execution of a
master agreement, the extent of their revisions makes me very uneasy.  Many
of these points are very serious and if they can not agree we will have
trouble coming to agreement even on the short form documents.  It would be
helpful if they could explain the changes rather than just sending us a
mark-up.

Following are my points responsive to their revisions:

Part 1 (a)  The addition of our affiliates has the affect of expanding the
possible defaults too broadly and we cannot agree to these changes (for
example, this would mean that if any Enron affiliate went into bankruptcy
this agreement would be in default).

(g)  This provision provides additional flexibility without any credit risk
to the other party.  It should remain in place unless IBJ can articulate a
reason to remove it.

Part 3 The language inserted is much to vague.  Our original version spells
out exactly what is expected of the parties.  If the documents we listed are
not acceptable, IBJ should tell us now what would be acceptable and if we
agree we will put it in the agreement.

Part 4 (f)  By deleting the word "not" in this provision, IBJ is saying that
payments due to each other with respect to the same transaction will not net
(i.e. if we are paying fixed and they are paying floating, we each have to
make the full payment to the other rather than netting the two amounts to one
payment).  This is not acceptable.

(h) If IBJ will use their NY branch as agent, we should use Enron Corp or ENA.

Part 5 (a) Our suggested language allows the purchaser of an option to
receive payments due even though technically in default under another
provision of the agreement.  Our position is that if there are no other
possible payment requirements due from the purchaser, the option should be
honored.

(c)  The section we delete requires that the market makers be in the same
city.  For many markets in which we participate, it is very difficult, if not
impossible, to find multiple market makers in the same city.

(e)  The change to 10 business days is much too long.  This means we can not
have certainty as to the terms of the transaction for two weeks!  We can go
as high as three days if necessary but even that is beyond common market
practice.

(g)  Their changes remove the ability to set off against obligations owed to
multiple Enron companies if they default and only allows set-off with each
IBJ branch as a separate entity.  This may not be an issue if we will never
trade or otherwise transact with them in any other Enron company and if we
will never do business with any other branch of IBJ.  We usually don't like
to restrict ourselves that way.

(i)  We absolutely insist on the confidentiality of our transactions.  If
there is some revision to this section they would like we can discuss it but
wholesale deletion is out of the question.

(j)  As with Part 1 (g) this section adds flexibility to both parties while
maintaining flexibility within the corporate family.  Given the frequency
with which Enron moves businesses around within the family, this section is
important to us.

(k)  This section results from an experience we had with a counterparty that
went into bankruptcy (and therefore default) while they were in the money.
We disputed the amount owed and under the terms of the agreement (without our
revision) we would have owed them interest at their cost of funds - a rather
high rate given their status as a bankrupt.  We feel the non-default rate is
more appropriate.

(m)  I can't imagine why they wouldn't want this section included - it
protects us both.

(n)  You know more about this than I.

Part 6  These are all important issues for us and we can discuss them
individually if they object for some articulated reason.  If these provisions
are not included here they will need to be included in each confirmation (a
significant burden for our back office systems which are not set up for it)
and we need to know now if they object to any of them.

Other revisions that they have made are acceptable unless Credit objects.  I
hope this is helpful and sorry to have run on so long.  I'm happy to discuss
any of these issues at greater length if you want.  It sounds to me like
IBJ's expectations regarding execution of documents are a bit high given the
volume and nature of their comments.

	John Viverito@ENRON
	09/05/2000 09:06 PM

		 To: Tom Bruce-Jones/LON/ECT@ECT
		 cc: Jonathan.Whitehead@enron.com@ECT, Kevin Cordesman/HOU/ECT@ECT, Steven
Kleege/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Tom-

As far as the progress on the ISDA documentation, I am awaiting feedback from
both legal and credit in Houston.

Could you provide me with the details of the proposed transaction(s).  I note
that I have copied Mark Taylor on this correspondence, as I will need to get
his input regarding our most efficient going forward strategy.

Thanks,

John

	Tom Bruce-Jones@ECT
	09/05/2000 09:36 AM

		 To: John Viverito/Corp/Enron@ENRON
		 cc: Jonathan.Whitehead@enron.com, Steven Kleege/HOU/ECT@ECT, Kevin
Cordesman/HOU/ECT@ECT
		 Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

John
I have just had IBJ on the phone again asking for a progress report on the
ISDA docs.  Have we managed to move this forward, bearing in mind Labour Day,
since he is very keen to commence trading on Monday next.  He suggested that
he would be comfortable in trading prior to the implementation of the docs
for these initial trades as per Jonathon's previous comments in past mails.
Are we comfortable doing this if we cannot resolve the issues on the docs?

They are also very keen to see the draft confirms for the proposed trade
(Steve, I have just heard from Rob in the vid conf that the proposed volumes
may prove difficult to take on the books??).  Please advise as to our
capability so that I can convey this to him in the morning.

Best regards
Tom

From: John Viverito@ENRON on 01/09/2000 02:48 CDT
To: "Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
cc: hirohide.yabuki@ibjbank.co.jp, Jonathan.Whitehead@enron.com,
kazunobu.maeda@ibjbank.co.jp, teruyo.suzuki@ibjbank.co.jp,
Tom.Bruce-Jones@enron.com

Subject: Re: Fw: IBJ ISDA MASTER AGREEMENT

Dear Mr. Konishi-

Thank you for your comments.  We will attempt to respond to you prior to the
holiday in the US, but if we are unable to do so, we will respond shortly
thereafter.

Best regards,

John Viverito

	"Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
	09/01/2000 02:31 AM

		 To: <John.Viverito@enron.com>
		 cc: <Jonathan.Whitehead@enron.com>, "Tom Bruce-Jones"
<Tom.Bruce-Jones@enron.com>, "teruyo.suzuki" <teruyo.suzuki@ibjbank.co.jp>,
"Maeda san" <kazunobu.maeda@ibjbank.co.jp>, "hirohide.yabuki"
<hirohide.yabuki@ibjbank.co.jp>
		 Subject: Fw: IBJ ISDA MASTER AGREEMENT

Dear Mr.Viverito

Attached Word file is ISDA draft amended by our legal desk.
(please take the amended points as our comment on your draft)
Please check it all and kindly reply ASAP.
(CSA is not acceptable as I mentioned you before, and we'll check your
LETTER OF CREDIT after
the schedule is almost agreed)

In your draft, we cannot understand the meaning of "EDGAR" on page4,
so please show us what it is.

We are very hoping to conclude this process rapidly.
So, I very much appreciate it if you could send back your comment before
Holiday in U.S.(4th Sep)
(it's ok if only the rough prospects of concluding ISDA)

Best regards,
Konishi IBJ Tokyo
81-3-3214-1008
----- Original Message -----
From: "Teruyo Suzuki" <teruyo.suzuki@ibjbank.co.jp>
To: "Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
Sent: Friday, September 01, 2000 3:58 PM
Subject: Re: IBJ ISDA MASTER AGREEMENT

> ISDA DraftI_X"?,d`-t,?,?,?,?,?_B-?-O
> ----- Original Message -----
> From: "Yamato Konishi" <yamato.konishi@ibjbank.co.jp>
> To: <John.Viverito@enron.com>
> Cc: <Jonathan.Whitehead@enron.com>; "Tom Bruce-Jones"
> <Tom.Bruce-Jones@enron.com>; "teruyo.suzuki"
<teruyo.suzuki@ibjbank.co.jp>;
> "Maeda san" <kazunobu.maeda@ibjbank.co.jp>
> Sent: Wednesday, August 30, 2000 9:59 PM
> Subject: Re: IBJ ISDA MASTER AGREEMENT
>
>
> > Dear Mr.Viverito
> >
> > Thank you very much.
> > Now we start checking your draft and maybe we can return comment on this
> > Friday.
> >
> > Please be advised following points at this time.
> > 1)Part 6 on the schedule is needed to be deleted.
> >   We think that it's enough if the terms in Part 6 are referred in the
> > individual confirmation.
> > 2)ISDA Credit support annex is not acceptable
> >   Unfortunately, we don't have internal system for concluding CSA with
> > non-financial entity.
> >
> > Please keep support us for concluding ISDA ASAP for our business in near
> > future.
> > If any question, please feel free to contact me.
> >
> > Best regards,
> > Konishi /IBJ Tokyo 81-3-3214-1008
> > ----- Original Message -----
> > From: <John.Viverito@enron.com>
> > To: <yamato.konishi@ibjbank.co.jp>
> > Cc: <Jonathan.Whitehead@enron.com>
> > Sent: Wednesday, August 30, 2000 5:31 PM
> > Subject: IBJ ISDA MASTER AGREEMENT
> >
> >
> > > Dear Mr. Konishi,
> > >
> > > Attached hereto, is the draft ISDA documentation, for your review.
> > > Included are the Schedule, the Credit Support Annex and the Enron
Corp.
> > > Guaranty.
> > >
> > > I apologize for the delay in the preparation and distribution of these
> > > documents.
> > >
> > > We look forward to receiving your comments.
> > >
> > > Best regards,
> > >
> > > John Viverito
> > >
> > >
> > > (See attached file: IBJ Schedule 30.08.00.doc)(See attached file: IBJ
> CSA
> > > 30.08.00.doc)(See attached file: IBJ EC guarantee 30.08.00.doc)
> >
> >
>

 - IBJ Schedule 31.08.00.doc


>From: "NFL.com" <noreply@ccomad3.uu.commissioner.com>
>Reply-To: "NFL.com" <noreply@ccomad3.uu.commissioner.com>
>To: Mike Talyor <lsutaylor@hotmail.com>
>Subject: NFL.com E-Reports for El Guilmino and the Downtown Players
>11/15/01
>Date: Thu, 15 Nov 2001 05:28:22 -0500
>

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

--------- Inline attachment follows ---------

From:  <noreply@ccomad3.uu.commissioner.com>
To: Mike Talyor <lsutaylor@hotmail.com>
Date: Thursday, November 15, 2001 10:28:22 GMT
Subject:

 <http://www.sportsline.com/links/6/1/176/nffer1113vh.cgi>
Visa. <http://www.sportsline.com/links/6/1/176/nffer1113v.cgi> It's everywhere NFL fans want to be.

You are receiving these e-reports because you have signed up for NFL Fantasy Football. To customize, reschedule, or turn off these reports please click here <http://football434.fantasy.nfl.com/mp/options-ereports?league=lilwoodrows&owner=74388.6>

NFL Reports Player Updates
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Erron Kinney <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=187582&>, TE TEN - Free Agent Updated 11/14/01
Kinney is listed as questionable for Sunday's game because of a calf injury. He missed Monday's game because of the injury.

Frank Wycheck <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1372&>, TE TEN - Anorexic Drunks Updated 11/14/01
Titans' head coach Jeff Fisher told The Nashville Tennesean that Wycheck's sprained ankle is not a substantial injury. Wycheck suffered the injury Monday, but is expected to play in Sunday's game.

Shad Meier <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=235120&>, TE TEN - Free Agent Updated 11/14/01
Meier is still recovering from thumb surgery and is questionable for Sunday's game. He would have gotten substantial playing time Monday against Baltimore had he played, but won't be needed now that the Titans have two healthy tight ends.

Amos Zereoue <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=133462&>, RB PIT - Free Agent Updated 11/14/01
Zereoue is listed as questionable for Sunday's game. He has been sidelined for almost a month because of a shoulder injury.

Damon Jones <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1736&>, TE JAC - Free Agent Updated 11/14/01
An MRI on Jones' injured shoulder didn't reveal any structural damage. However, his status for Sunday's game remains uncertain.

Mike McMahon <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=235119&>, QB DET - Free Agent Updated 11/14/01
According to published reports, the Lions hope to give McMahon some limited action during upcoming games. He is not expected to play full-time, but this development means that! C! harlie Batch might lose some playing time, hurting his overall Fantasy value.

Byron Chamberlain <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1496&>, TE MIN - Clubbers Updated 11/14/01
An MRI revealed a small cartilage tear in Chamberlain's right knee, but he is not expected to require surgery. All signs point to him playing Monday against the Giants, so feel free to use him this week.

Freddie Jones <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1843&>, TE SD - Manchester United Updated 11/14/01
The San Diego Union-Tribune says Jones (ankle) has been advised against playing this week. Results of an MRI exam are not available yet, but Steve Heiden is expected to start in his place.

Tim Dwight <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=12340&>, WR SD - Free Agent Updated 11/14/01
Dwight (lung) is doubtful for Sunday's game. He has not been very healthy when productive, so don't count on him for much production from him during the rest of the season.

Troy Hambrick <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=194768&>, RB DAL - Free Agent Updated 11/14/01
Hambrick is dealing with a rotator cuff injury, but he's expected to practice later in the week. He'll like! ly! start his third consecutive game this weekend if Emmitt Smith's knee isn't 100 percent by Friday.

Emmitt Smith <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1094&>, RB DAL - Mandeville Marriage Updated 11/14/01
Smith (knee) is listed as questionable for Sunday's game against Philadelphia. If he is unable to go, Troy Hambrick would likely start his third straight game, barring any further damage to his injured shoulder.

Chris Weinke <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=235174&>, QB CAR - Free Agent Updated 11/14/01
Weinke (shoulder) was only able to throw on the sidelines Tuesday, but was expected to practice on Wednesday. If he is unable to play, Matt Lytle would likely make his second consecutive start.

Peyton Manning <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=12531&>, QB IND - Dirty Bastards Updated 11/14/01
The Indianapolis Star says Manning had a splint inserted to stabilize the teeth in his lower jaw. He is expected to start on Sunday.

Drew Bledsoe <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1041&>, QB NE - Free Agent Updated 11/14/01
Bledsoe has been cleared to play, but Tom Brady will start against the Rams. Bledsoe said he will try ! an! d prove he is ready to play by performing well in practice, but it doesn't appear likely he will get a chance to start. But the future past Week 10 appears to be unclear, and there is no guarantee Brady will hold onto the job past the Rams game.

O.J. McDuffie <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1246&>, WR MIA - Free Agent Updated 11/14/01
McDuffie is ready to return to practice from the PUP list. He will be eligible for activation on Dec. 4, but he may still miss the rest of the season.

Aaron Brooks <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=133233&>, QB NO - Clubbers Updated 11/14/01
According to published reports, many veterans on the New Orleans roster have expressed their displeasure with Brooks' inconsistency this season. The reports also stated that those same veterans would rather see Jeff Blake under center, but that doesn't seem likely to happen. The coaching staff feels as though Brooks has the talent to be a top-notch NFL quarterback, so don't expect a change under center any time soon.

Cowboys <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=8&>, DT DAL - Free Agent Updated 11/14/01
Linebacker Dexter Coakley is expected to miss two weeks of action due to a sprained knee. He suffered the injury during last weekend's loss to Atlanta. Dallas' defense has played well, but they're an inconsistent unit from a Fantasy perspective.

Jon Hilbert <http://football434.fanta! sy! .nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=195687&>, K NO - Free Agent Updated 11/14/01
Hilbert has been signed by the Dallas Cowboys, and will serve as their starting kicker in Tim Seder's absence. Hilbert's value as a Fantasy player is still minimal at this point, however, so don't bother picking him up outside of deeper leagues.

Tim Seder <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=196725&>, K DAL - Free Agent Updated 11/14/01
Seder is expected to miss several weeks of action after injuring his ankle last Sunday against Atlanta. The team has signed former New Orleans booter Jon Hilbert to take over the kicking duties in Dallas.

Rob Moore <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1183&>, WR ARI - Free Agent Updated 11/14/01
Moore, who had hamstring surgery two weeks ago, will begin some light running on Wednesday. His status for the rest of the season is still unclear, however, so don't bother picking him up off the waiver wire.

Terry Hardy <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=12423&>, TE ARI - Free Agent Updated 11/14/01
Hardy (shoulder) is expected to miss a few more weeks of action. Unless you play in a very deep league, holding onto him isn't advisable at this point.

Terry Allen <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodr! ow! s&owner=74388.6&random=2440&key=1177&>, RB BAL - Manchester United Updated 11/14/01
Allen will be sidelined four to six weeks because of a fractured left hand. He suffered the injury in Monday's game. Jason Brookins will start in his absence.

Steve McNair <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1069&>, QB TEN - Free Agent Updated 11/14/01
McNair will wear a cast on his throwing hand for at least a day after aggravating an injury during Monday night's 16-10 loss to Baltimore. He had X-rays and other tests on his right hand Tuesday, and coach Jeff Fisher said the results were negative. But doctors found an apparent hairline break in McNair's thumb, which he originally hurt last season in practice. He is questionable for Sunday's game. "We put him in a cast until tomorrow [Wednesday]. We'll see how he is with some soft tosses going with the hand," Fisher said.

Ricky Watters <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1151&>, RB SEA - Bees Updated 11/13/01
According to the Seattle Times, Watters is expected to return from his shoulder injury in two weeks. However, he is not guaranteed to reclaim the starting running back job with Shaun! A! lexander performing so well. We recommend you hold onto both players until it becomes clear which one will get the starts over the second half of the season, although we're betting it will be Alexander.

Rod Smith <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1220&>, WR DEN - Dirty Bastards Updated 11/13/01
Smith predicted Monday that he will be able to return from a sprained right ankle in time for Sunday's game against Washington. If he can't go, Keith Poole would become Denver's top receiving option, with Chris Cole, Scottie Montgomery and Kevin Kasper also filling in. However, Poole is already expected to replace Eddie Kennison as the team's second wideout.

Edd! ie! Kennison <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1296&> , WR DEN - Free Agent Updated 11/13/01
Kennison returned to the Broncos Monday and informed them that he is "unretiring," according to the Denver Post. While this is a radical turnaround from his message of retirement over the weekend, he might not be welcomed back by the team as a result of his change of decision. It is unclear whether Kennison will be placed on the reserve/suspended list or reinstated to the roster, but either way it's highly unlikely he will be able to help any Fantasy teams the remainder of the season. Drop him.

Cameron Cleeland <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=12277&>, TE NO - Team Sensitive Updated 11/13/01
According to published reports, Cleeland won't be available for Sunday's game against Indianapol! is! . His high ankle sprain still hasn't healed sufficently, so look for Boo Williams and Lamont Hall to get the majority of the playing time in his absence.

Santana Moss <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=235234&>, WR NYJ - Free Agent Updated 11/13/01
Moss is expected to make his season debut Sunday against Miami. He has been sidelined all season with a knee injury but is listed as probable for Sunday's game.

Wayne Chrebet <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=1263&>, WR NYJ - Free Agent Updated 11/13/01
Chrebet is expected to play Sunday, despite suffering from a shoulder injury. Look for him to be a solid No. 2 Fantasy recei! v! er.

Fred Taylor <http://football434.fantasy.nfl.com/mp/elink?script=players&league=lilwoodrows&owner=74388.6&random=2440&key=12753&>, RB JAC - Baton Rouge Idiot Updated 11/13/01
Taylor is expected to play Sunday against Pittsburgh. He has been sidelined for over a month because of a groin injury.

More Updates <http://football434.fantasy.nfl.com/mp/elink?script=pro-player-updates&league=lilwoodrows&owner=74388.6&random=2440&start=30&>
Teams Player News
Manchester United Player News - Provided by Commissioner.COM

Terry Allen <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-n! ew! s&league=lilwoodrows&owner=74388.6&random=2440&key=1177&>, Reserve RB Updated 11/14/01
Allen will be sidelined four to six weeks because of a fractured left hand. He suffered the injury in Monday's game. Jason Brookins will start in his absence.

Freddie Jones <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1843&>, Reserve TE Updated 11/14/01
The San Diego Union-Tribune says Jones (ankle) has been advised against playing this week. Results of an MRI exam are not available yet, but Steve Heiden is expected to start in his place.

Jeff Garcia <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=146325&>, Active QB Updated 11/13/01
Garcia made it through another game using a brace to protect his sprained knee, and had no problems afterwards. Head Coach Steve Mariucci is optimistic that Garcia will be able to play without the brace soon.

Edgerrin James <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=133320&>, Reserve RB Updated 11/12/01
James will miss at least two more games with a knee injury. James practiced late in the week after his injury but felt some swelling and stiffness in his left knee. Further tests showed ligament damage. "Our doctors felt it was appropriate to shut him down for another two or three weeks," Colts president Bill Polian said Monday. "They're not certain what the severity is." Some published reports say James might miss the rest of the season.

Lamar Smith <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1160&>, Active RB Updated 11/11/01
The Colts' defense held Smith to 53 yards on 18 carries. Rookie Travis Minor rushed for 71 yards and a TD (56 yards), and now there will be rampant speculation that Smith might be fading as a Fantasy player.

Garrison Hearst <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1164&>, Reserve RB Updated 11/11/01
Hearst had solid game against New Orleans, compiling 160 scrimmage yards on Sunday. He seems to have established himself as San Francisco's featured back in recent weeks, which is keeping Kevan Barlow's Fantasy value at a minimum.

Muhsin Muhammad <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1203&>, Reserve WR Updated 11/11/01
Muhammad finally had a somewhat productive game, catching six passes for 75 yards against St. Louis. If the quarterback situation in Carolina doesn't improve, however, Muhammad could have a tough time being productive the rest of the season.

Marvin Harrison <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1231&>, Active WR Updated 11/11/01
Harrison scorched the Dolphins for nine receptions, 174 yards and three TDs. No defense is the league can contain Harrison when he plays in front of the home crowd.

Dominic Rhodes <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=236986&>, Active RB Updated 11/11/01
Rhodes left Sunday's game in the first quarter with a dislocated left shoulder. He was replaced by Kevin McDougal, and returned in the second quarter.

Vinny Testaverde <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1007&>, Reserve QB Updated 11/08/01
The Kansas City defense is definitely vulnerable to the pass, but the Jets haven't been throwing the ball enough to please Fantasy leaguers. Don't start Testaverde unless your team is very thin at QB.

Tim Brown <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1267&>, Active WR Updated 11/08/01
Brown caught three passes for 47 yards against the Seahawks in the teams' first meeting this year. He should perfom better if Seattle pays more attention to Jerry Rice (two TDs in first meeting) in this week's matchup.

Jay Riemersma <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1662&>, Active TE Updated 11/04/01
Riemersma had five catches for 46 yards and a touchdown in Sunday's game against Indianapolis. He has put up decent yardage numbers for a tight end, but the TD against the Colts was his first of the season.

Matt Stover <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1377&>, Active K Updated 10/25/01
Stover has a minor leg injury that will prevent him from kicking off but he will be able to kick field goals, according to published reports. The injury isn't considered serious but the Ravens are considering Steve Lindsey and Jaret Holmes as candidates to handle kickoffs.

Germane Crowell <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=12306&>, Injured WR Updated 10/24/01
The Detroit Lions placed Crowell on injured reserve on Tuesday with a torn patella tendon in his left knee, which ends his season.

Deuce McAllister <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=235228&>, Reserve RB Updated 09/02/01
McAllister rushed for 108 yards on 19 carries, all in the first half, had a 36-yard punt return in the second half, and caught four passes for 20 yards during Saturday's preseason finale. "That was probably the best he's run the whole year," Saints Head Coach Jim Haslett said. "I don't think he's where he should be yet, but we're just starting to see what he can do." While McAllister won't be the Saints' starting running back likely at all this season, he might be a good insurance policy for Ricky Williams owners in Fantasy leagues.

Packers <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=11&>, Active DT Updated 08/09/01
The Packers signed free agent defensive tackle James Grier on Wednesday and released defensive tackle Carl Bradley. Bradley had arthroscopic knee surgery Tuesday and would have been unavailable to the team for an unspecified amount of time.

Morten Andersen <http://football434.fantasy.nfl.com/mp/elink?script=/mp/player-news&league=lilwoodrows&owner=74388.6&random=2440&key=1376&>, Reserve K Updated 11/06/00
Andersen had a dull day Sunday as he did not attempt a field goal in the game against Tampa Bay. He did however manage to kick two extra points. Andersen has made 16-of-22 field goal attempts this season.

  <http://football434.fantasy.nfl.com/mp/open_gif?splnid=5e859c6150aa98ec3d567cbfc2ad51ff&league=lilwoodrows&owner=74388.6&email=5e859c6150aa98ecdd08477afc22811258828c43432cbc10&sport=football&vend=NFL&product=mgmt&time=20011115&type=ereport&random=2440>
  _____

Copyright 2001 Commissioner.COM Inc

FB10NF


Oops!
Thanks, Alan!
The correct number in its entirety is 1-888-232-0370.

Sorry!
Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/10/2001 04:00
PM ---------------------------
From: Alan Comnes/ENRON@enronXgate on 05/10/2001 05:57 PM CDT
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: RE: CALL-IN INFO for Staff Meeting & Conference Call

is that 1-800 or 1-888 or 1-877?  Thanks!

 -----Original Message-----
From:  Alamo, Joseph
Sent: Thursday, May 10, 2001 3:53 PM
To: Mara, Susan; Dasovich, Jeff; McCubbin, Sandra; Dasovich, Jeff; Comnes,
Alan
Cc: Akin, Lysa
Subject: CALL-IN INFO for Staff Meeting & Conference Call
Importance: High

Please consider this reminder of the Staff Meeting & conference call,
scheduled to take place as follows:

 Date:    Friday, May 11th
 Time:  8:30 AM PDT
 Call-in No.: 1-232-0370
 Code No.: 893761
 Paul (Host):  483049

Thanks in advance for your participation,

Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
San Francisco CA

---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/10/2001 03:49
PM ---------------------------

 	Joseph Alamo 05/10/2001 02:40 PM

To: Paul Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron, Sandra
McCubbin/NA/Enron, Jeff Dasovich/NA/Enron, Alan Comnes/PDX/ECT@ECT
cc: Lysa Akin/PDX/ECT@ECT

Subject: *SECOND (Last?) REQUEST* for AGENDA ITEMS REQUEST

Please forward your Agenda items to me for tomorrow a.m.'s Staff
meeting/call, if any,
by 5 pm.

Thanks again,

Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
San Francisco CA

---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/10/2001 02:37
PM ---------------------------

 	Joseph Alamo 05/09/2001 12:14 PM

To: Paul Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron, Sandra
McCubbin/NA/Enron, Jeff Dasovich/NA/Enron, Alan Comnes/PDX/ECT@ECT
cc: Lysa Akin/PDX/ECT@ECT

Subject: STAFF MEETING NOTICE (Note: Different Day) & AGENDA REQUEST

Please note that Paul has indicated that he'd like to hold the weekly Staff
meeting & conference call this week on Friday, May 11th at 8:30 AM PST.

Please also consider this request to forward your Agenda items to me, if any,
as soon as possible.

Thanks in advance for your cooperation,

Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
San Francisco CA


Right now.


Dear SVMG Members:

As you know, the State Legislature and Governor are working almost solely on
Energy Legislation during this special session of the State Legislature.  As
an organization, SVMG is working to provide feedback on the more relevant
bills to ensure that Silicon Valley's voice is heard in this critical
debate.

Since the process is moving so quickly, with bills being voted on daily, the
SVMG Working Council and Operations Committee approved a mechanism so that
we could provide a timely response to key pieces of legislation.  A special
Task Force of Energy Experts from Member Companies, and several of our
seasoned policy professionals from member firms, are meeting weekly to
review bills and respond.  With that in mind, SVMG's actions to date on key
bills appear below.

I would like to offer my special thanks to Derek Naten of Roche for Chairing
our Energy Legislation Task Force, and each member of his team for the
significant amount of time they are investing in this effort.

If you have any questions or comments on the bills referenced below, or
SVMG's positions to date, please let me know.

This information also appears on our web site at www.svmg.org

Sincerely,

Carl

SVMG Positions on Key Energy Legislation
Energy Legislative Subcommittee
March 22, 2001

State Legislation

There are more than 170 bills in the extraordinary session focused on energy
reform.  The legislative subcommittee recognizes that there are very few
that are viable in the current climate.  Furthermore, of the principle
vehicles for fundamental change (SBX 27, ABX 18 et. al.), there is usually
so much flux in the process as to make it difficult to respond except in
principle (e.g. oppose bills where the state takes over transmission lines
as it commits the state as utility for many years and impedes market
restoration).  For that reason, the LS has recommended SVMG jointly draft a
letter expressing principles and criteria for assessing and responding to
legislation, primarily focused on the goal for the state to develop a vision
for it,s energy future (i.e. total reregulation or deregulation with direct
access and customer choice; incentivize private money to primarily fuel
infrastructure improvements) and a step-by-step blueprint to carry out the
vision.  We also want to recommend a consolidated or omnibus approach to
streamline legislative resolution and eliminate duplication and confusion.
However, there are some key bills on which we have taken a position:

ABX 48 (Migden)   --Community Aggregation    -- Position:  Oppose "pro rata
share" language

AB 48X authorizes any municipality to aggregate the electrical load of
interested electricity customers within its borders.  The bill also includes
a provision, however, [section 4(i), p. 10, line 19] that entitles every
municipality to "a  pro rata share" of the energy efficiency and renewable
energy funds contributed by its customers to California's "public benefits
programs" (at least $360 million annually, funded through a small surcharge
on utility bills).  Provides shared administration of EE programs between
municipality and utility and provides for sale of street lighting at book
value.

ABX 18 (Hertzberg)   -- Solvency of Utilities, State -- Position:  Watch

This is the vehicle for the Governor,s plan to address the utility,s
insolvency. Waiting for major text changes.  SVMG is very concerned about
approaches floated for this bill, particularly state purchase of the
Transmission grid and the risk to politicize electricity delivery.  Our
message is that we prefer paying for the undercollection through rates
shared by all customers rather than through the tax base.  But if the State
is determined to own the grid SVMG recommends that California become a
member of a Regional Transmission Organization (RTO)

ABX 31 (Wright)  --Interruptibles Program ---Position:  Support

Requires the CPUC to adopt by April 30, 2001 regulations to permit demand
metered customers to participate in energy and ancillary services markets of
the PX and ISO; allows for the continued operation of interruptible programs
with heavy industrial customers until 12/31/03 and provides for an opt-out
in the event rate increases above the system-wide average are imposed; and
requires the CPUC to implement a Bridge Interruptible Program for customers
who have met their annual cap hours or events of curtailment.

SBX 47 (Batten/Keeley) -- Restructure Q F Contracts--Position:  Support

Restructures QF contracts to long-term from approximately 17 cents per
kilowatt/hour to approximately 9 cents/kwh and additionally enables.  Many
QF facilities are off-line because of the high price of natural gas.  This
allows QF facilities to sell power onto the market to defray high natural
gas costs.

The following Sher bills are conjoined

SBX 5 (Sher))   -- Conservation Programs -- Position:  Support
Appropriates $1,026,500,000 from the General Fund to implement various
energy efficiency programs, CARE and LIHEAP funding and new generation
initiatives.

SBX 28 (Sher)    Facilitates siting of Power Generation Facilities -
Position:  Support
Requires the Air Resources Board (ARB) to implement an expedited retrofit
program for generation facilities; requires the ARB to implement a program
to identify emission reduction credits; expedited siting process for standby
facilities and distributed generation as well as air pollution retrofit of
existing plants.  Final report of CEC is to include discussion of any public
benefits from new facility including economic, environmental and reliability
benefits from repowering of facility.

ABX 32 (Nation)   -- Tiered Residential Rates/Proportional -- Position:
Support

Requires the CPUC to establish a 3-tier rate structure (3rd tier at 200% of
baseline). Also provides CPUC to ensure installation of time of use meters
for at least 20% of non-residential customers. Establishes proportional
burden of rate increases between residential and non-residential customers
(no cross-subsidization of rates).

SBX 18 (Escutia)   --Core/Non-Core customers for State Power  -- Position:
Oppose

Dedicates retained generation to serve core customers: limit core at 500kW
svc.  Concerned that non-core (larger employers) will be left to fend for
themselves to buy on the spot market.  This bill would hurt job providers
and their workers throughout California, which, in turn, could severely
undermine the California economy.

ABX 44 (Cohn)   -- Demand Management Programs -- Position:  Support

Provides additional $25 M for peak electricity demand programs called for in
AB 970 of last year as modeled on the Blackout Busters approach.


ENA has a put to COH (deal 213360) for up to 10,000 dth/day.  This deal was
in the system for December and I just took it to 0 for the whole month.  I
estimate we should make about $495,000 on the deal change.

Kimat, this deal also has a demand charge that ENA pays COH for the put.  I
believe its in the deal correctly.

Alvin, please show this on the morning sheet as a "Put to COH at IF" or
something real intelligent like that.

This deal goes thru 2/28/01.


Tana,

Pursuant to my conversations with NYPA, we have agreed to move forward
without the collateral annex.  In leau of this, we will need to have the MAC
(downgrade event) established as an Event of Default versus a collateral
event.  As well, change the 3rd party default for both ENA and NYPA from
$50MM to $100MM.  Please call with comments or questions.

Ed Sacks


fyi-comments? rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 11/07/2000 05:30 AM
---------------------------

Molly Harris
11/03/2000 05:57 PM
To: Jimmie Williams/HOU/EES@EES, Mark S Muller/HOU/EES@EES, James E
Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES
cc: William S Bradford/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
Subject: New Power Company

Credit recommends offering the following two options to the New Power Company
(NPC) as it relates to Firmwide collateral thresholds:

Option #1 - NPC receives a $10MM collateral threshold with standard
collateral annex terms.

Option #2: - NPC receives a $40MM collateral threshold with standard annex
terms as well as the following two additional required covenants:

a) Liquidity - Maintain minimum liquidity of $300MM, where:
 Liquidity = cash + marketable securities - debt - LCs - third party
guarantees

b) Tangible Net Worth - Maintain minimum tangible net worth, as defined by
GAAP, of $450MM
 Note: TNW will be equal to equity less intangible assets including but not
limited to goodwill, trademarks, etc.

Regards,
Molly


When: Thursday, January 31, 2002 10:30 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where: ECS 04570

*~*~*~*~*~*~*~*~*~*


Laura,

Here's the revised version:

Here's a compared version so you will know what I did:

I'll work on the transfer price agreement today or this weekend so we will
have something to discuss.

I'm planning on being in Chicago on Thursday if you would like to discuss any
of these matters.

Kay


I need to take a day off if you do not mind Tomorrow, Friday Feb 9 to look
after my son who will be out of school. Dee will be traveling with Chelsea to
a dance competition. Call me on my cell if you need me.


This is the list of ENA contracts to be assigned to HPL or LODISCO which
George forwarded to me this afternoon. He intends that this is substantially
all of such contracts but is continuing the review process and may have a few
more to add. Please review this list and let me know if you see any problems
with assigning these. As I mentioned previously, I will prepare the docs,
just need to determine which contracts to schedule---Call me if you have any
questions
----- Forwarded by Sandi M Braband/HOU/ECT on 05/18/2001 03:37 PM -----

	George Weissman
	05/18/2001 03:22 PM

		 To: Sandi M Braband/HOU/ECT@ECT
		 cc: Robert Walker/HOU/ECT@ECT
		 Subject: ENA Contracts Going to AEP


Susan's explanation accords withour understanding.

By the way Enron Australia Finance Pty Ltd has now executed the
Representative Agreement. I have forwarded the execution to Sara for
execution by ENA.

Susan Musch
05/04/2000 07:44 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Financial Trading - Enron affiliates

Sara,

The financial trader in Sydney should not be entering into master agreements
for the trades he's doing for ENA-Houston.  The master agreement should be
executed by ENA in Houston.  If that's not possible, our outside Australian
tax advisor suggested having an independent agent (such as a lawyer) having a
power of attorney from ENA and executing the trade (rather than Enron
Australia).

This means that if ENA has already entered into a master agreement with the
same counterparty, it would need to enter into a new master agreement with
that counterparty.  Consequently, with respect to ENA negotiating an
agreement with the Commonwealth Bank of Australia, Enron Australia will not
need to execute a separate master for the trades that it is doing on behalf
of ENA.  In this instance, ENA is considered the principal and Enron
Australia is just performing services pursuant to the services agreement it
has with ENA.

Please feel free to give me a call if you would like to discuss this further.

Best regards,
Susan

Sara Shackleton@ECT
05/02/2000 06:48 PM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Financial Trading - Enron affiliates

Susan:  I wanted to clarify  whether Enron Australia Pty. Ltd. needs to
execute ISDA Master Agreements with the SAME counterparties which already
have agreements with ENA (and vice versa).  As an example, I can only rely
upon tax advice ENA has previously received in connection with the services
agreement between ENA and ECT Canada.  For book and tax purposes, the trade
is recorded on the risk books of the Enron affilate ultimately booking the
trade but the transaction is actually documented in the name of the Enron
affiliate having the Master Agreement with the counterpary.  The Enron
affiliate having the Master Agreement with the counterparty then transacts
with Risk Management & Trading Corp. (through a bulk swap arrangement).  The
credit risk remains with Risk Management & Trading Corp. (through an internal
back to back transaction with the "booking" Enron affiliate)  for which the
"booking" Enron affiliate will presumably pay a fee pursuant to the services
agreement.

Consider:  ENA is negotiating an agreement with Commonwealth Bank of
Australia.  Will Enron Australia require a separate master with Commonwealth
Bank of Australia?  Or will the services agreement permit the hereinabove
described arrangement?


did you call for me at work today?


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E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

LIVESTOCK: August live cattle closed off $0.45 at $73.70 today.
Speculative traders took profits today after the recent big runup had
pushed the market into oversold territory. I would not be surprised
to see more of a downside correction soon. Prices pushed to a fresh
four-month high Tuesday. Resistance lies at the $74.50 level. First
support lies at the $73.40 level.

August feeder cattle closed off $0.27 today, at $91.55. Prices scored
an "inside day" and took a rest after they hit a new contract high
Tuesday. Feeders are still over-extended on a short-term technical
basis. A bull flag looks to be forming on the daily bar chart, as
this week we saw an upside breakout from that pattern. First
resistance is seen at $92.00. Looking at the weekly continuation
chart for nearby futures, the next upside objective for the bulls is
resistance just above $92.00. First support is seen at $91.00.

August lean hogs closed up $1.65 today at $63.35. Prices closed near
the session high. The strong rebound continued today, after limit-up
gains seen Tuesday. The market just got too extended on the downside,
especially in the wake Friday's bullish USDA Hogs & Pigs report. Fund
buying was featured today, sources said. Prices today broke out above
and negated a steep five-week-old downtrend. The bulls now have the
near-term edge. However, I would not be surprised to see some
sideways consolidation in the coming sessions. Next resistance lies
at $64.00. First support is located at the 62.00 level.

GRAINS: July corn futures closed up 3/4 cent at $1.90 today. It was a
quiet "rest day" today after prices Tuesday scored another fresh
contract low. Funds have loaded up on the short side now. Good
growing weather in the Midwest and no threatening weather patterns in
the forecast continue. This market has no summertime weather premium
built into it, which will make it very susceptible to an upside spurt
even with a minor weather scare. I don't think there is much downside
left in corn, but I don't want to be a bottom-picker,
either--tempting as it may be at these low prices. Next support is
seen at $1.87 3/4. Next resistance is seen at $1.95.

July soybeans closed 1 3/4 cents lower at $4.37 1/2 today. Technical
damage occurred in the market this week as a five-week-old uptrend
line on the daily bar chart was penetrated on the downside and
negated. Now, it also looks like a minor double-top reversal pattern
could be playing out on the daily bar chart. Good growing weather and
no weather threats on the horizon have allowed the bears to take
control of this market. Funds have been good sellers in the bean pit
this week. Still more downside action this week would not surprise
me. First support is seen at the $4.35 area. First resistance is now
seen at $4.45 level.

July soybean meal closed off $1.60 at $160.20 today. Another down day
today negates a five-week-old uptrend line on the daily bar chart.
Bears are gaining steam now. After prices pushed to a fresh
four-month high Friday, they have seen a solid downside correction
this week. Bulls need to stop the bleeding soon or this weakness will
quickly become more than a downside correction. Next support comes in
at the $158.00 area. First resistance is seen at $162.60--today's
high.

July bean oil closed 6 points higher at 14.80 cents today. Today's
follow-through buying has confirmed a key reversal up, after prices
pushed to a fresh contract low on Tuesday and then staged a strong
rebound. This week, spreaders are unwinding short oil and long meal
positions. Oil is still technically much weaker than beans or meal.
But I would be surprised if there is much downside left in oil. Next
resistance comes in at 15.00 cents. Next support is seen at 14.60
cents.

July Chicago wheat closed 3/4 cents lower at $2.64 today. Prices
closed near the session low as traders looked at slack demand
prospects. Earlier in the session, prices were boosted by heavy
storms that hit Kansas and Oklahoma the past 24 hours. First support
lies at the $2.58 1/2 level--the contract low. Next resistance is
seen at $2.70.

K.C. July HRW wheat closed up 1 cent at $3.20 1/4 today. Prices
gapped higher today in the wake of the heavy storms that hit parts of
the Plains the past 24 hours. However, prices closed on the session
low. Still, the upside gap was not filled with the late retreat.
Also, there was follow-through buying today and a key reversal up on
the daily bar chart was confirmed. Recently, this market has seen a
series of V reversals--both up and down. Trading remains volatile.
Next resistance is seen at the $3.25 level. Next support is seen at
$3.20.

July oats closed up 1/2 cent at $1.12 1/4 today. Prices closed near
the session low today, as did wheat. The choppy activity at lower
price levels also favors the bulls. The past three weeks have seen
another minor uptrend develop on the daily bar chart. Oats will
continue to look to corn and wheat for direction. Next resistance
comes in at the $1.14 level. First support now comes in at $1.10.

SOFTS: July N.Y. sugar closed 15 points lower at 8.59 cents today.
Prices today dropped to another fresh four-week low as the recent
higher volatility at higher price levels has proven bearish. Also,
the rare and usually bearish broadening formation continues to play
out on the daily bar chart. Bears have the technical edge at present.
However, the market is overdone on the downside at present, on a
technical basis. Next support comes in at 8.40 cents--today's low.
First resistance is now seen at 7.72 cents--today's high.

July N.Y. coffee closed 65 points lower at 59.15 cents today. Prices
today came within 10 points of the contract low set in April. Bears
rule. Bulls can only hope for a strong rebound from the present price
level, which would signal a big double-bottom reversal. Still, given
the upcoming frost season in South America, I suspect the downside
from present levels will be limited in the coffee market. Speculative
short-players won't want to get too brave at this time of year. First
support comes in at the contract low of 58.80 cents. First resistance
is now seen at 63.00 cents.

July N.Y. cocoa closed $39 lower today, at $964. More technical
damage was inflicted by the bears today as prices hit another fresh
three-week low, as there was follow-through selling from Friday's
gap-lower trade. The bears are in control, but the market is
short-term overdone on the downside at present. Next support comes in
at $955. First resistance is now seen at $1,009--today's high.

July cotton closed 32 points lower at 40.72 cents today. Prices hit a
fresh contract low just yesterday, in the wake of a bearish USDA
cotton consumption report last Friday. Cotton is in a strong bear
market and any rebounds will be selling opportunities for the
bears--for now. My bias is still that we are not that far from a
bottoming process. Next support lies at 39.95 cents--the contract
low. First resistance is seen around 42.00 cents. Recently, I put
December New York cotton futures on my "Radar Screen" for a potential
long-side trade in the coming weeks. But first (and importantly),
this market has to me show solid strength, including some basing
activity at these lower levels.

July orange juice futures closed 90 points higher today, at 80.40
cents. Trading has turned volatile lately, but it still favors the
bullish camp. Bulls pushed prices to a fresh three-month high just
last Friday. Prices are still in an uptrend on the daily bar
chart--albeit a choppy one. Next resistance is now seen at 82.00
cents. Next support now comes in at 79.00 cents.

July lumber futures closed the limit of $10.00 lower today, at
$322.30. "What goes up, must come down." A V-Top reversal is playing
out in lumber. I still would be surprised if the upside fireworks are
over. The market was way overdone on the upside and this still could
be just a big correction before still-higher highs are scored. Expect
more volatility in the near term--on the upside and downside. The
next upside objective for the bulls is the $350.00 level. First
support is seen at $315.00.

METALS: August COMEX gold futures plummeted by $7.70, to 4267.40 an
ounce. Heavy long liquidation and stop-loss selling were featured in
the pit. The recent Commitments of Traders report showed the small
speculators had loaded up on the long side of gold futures recently.
Today, those weak longs were coughing up their positions. News wire
reports could offer no fundamental reason for the collapse in prices.
Technically, once gold dropped to near the $270 level, basis August
COMEX futures, the door was open for stop-loss selling and general
long liquidation. A big V-Top reversal has now formed and played out
on the daily bar chart. Pit reports said there was not much fresh
short selling interest Wednesday. Once again, the gold bulls mustered
the strength to show an impressive upside move, only to be kicked in
the teeth when a lack of follow-through buying interest at higher
levels prompted a price vacuum on the downside. There is a support
level around the $264 area, basis August futures. If that level gives
way, then the next support comes in at the $260 area. This market is
now short-term oversold, on a technical basis. Next resistance on the
upside is seen at the $275 area. For bulls to really get back on
their feet, they must push prices back above the $290 level. If
volatility persists, it will favor the bulls.

July silver closed off $0.095 today, at $4.445 an ounce. Like gold,
long liquidation and stop-loss selling hit silver today, and it was
prompted by the sell of in gold. Prices have now backed well off last
week's high and could be forming a V-Top reversal on the daily bar
chart. Bulls today lost much of their momentum they had gained that
saw prices push to a three-month high. Still, the recent increase in
volatility is suggestive of a bottoming process in silver. Next
support is seen at $4.40. First resistance is now seen at $4.50.

July N.Y. copper closed off 45 points today, at 76.25 cents. The sell
off in the precious metals has impacted copper this week. While this
deals the bulls a near-term setback, the higher volatility at lower
levels does favor the bulls. My bias is still that the lows are in
place for copper. Next support is seen at 75.00 cents. Next
resistance is seen at 79.00 cents.

ENERGIES: July crude closed off $0.14 at $28.52 today. Prices this
week are correcting from the big beating they took late last week.
Bears still have the edge, and in fact a bearish flag or pennant
pattern may be forming on the daily bar chart. Next resistance is
seen at 29.50. Next support lies at $28.00.

July heating oil closed 2 points lower today, at .7784. Prices are
still correcting downward after they last week hit a fresh
eight-month high. Bulls still have the edge. Next resistance is seen
at 80.00 cents. Next support is seen at 77.00 cents.

July unleaded gasoline closed 139 points lower at .9450 today. Prices
closed near the session low as the bears gain confidence. A rare and
usually bearish broadening formation is developing on the daily bar
chart. This increase in volatility at higher price levels suggests a
topping process in the market. Next resistance is seen at $1.00.
First support is seen at $.9300.

July natural gas closed 20 cents higher at $4.01 today. Prices today
saw a decent rebound from a technically oversold condition. The
market is still oversold on a short-term technical basis. Prices hit
a fresh nine-month low just Tuesday. Bears still have the big
advantage. Next support is seen at $3.67--today's low. First
resistance is seen at $4.25.

STOCKS, FINANCIALS, CURRENCIES: The June Euro currency closed 10
points higher at .8567 today. Bears are in control as prices hover
near the recent for-the-move low. In fact, a bearish pennant pattern
may be forming on the daily bar chart. Measuring implications of that
pattern, should a downside breakout occur, point to losses to the
.8300 area. Bulls' only hope is that last week's low of .8502 can
hold the losses. Next support is now seen at .8502. Next resistance
is seen at .8650.

The June Japanese yen closed 19 points lower at .8328 today. Prices
pushed to a fresh two-month high last Thursday and are this week
consolidating those recent gains. The recent push higher moved prices
out above the congestion area that had trapped prices for about two
and one-half months. Bulls still need to show some more upside
strength before I am confident in calling this an upside "breakout."
Next resistance now lies at the .8433 level. First support is now
seen at the .8200 level.

The June Swiss franc closed 8 points higher at .5625 today. Like the
Euro, bulls want to see last week's low hold up before they can gain
any momentum at all. And like the Euro, a bearish pennant pattern
could be forming on the daily bar chart. Measuring implications on a
confirmation of the pattern point to losses to the .5400 area. A
5-month-old accelerating downtrend line is in place on the daily bar
chart. Next support is seen at the .5588 level--last week's low.
First resistance comes in at the .5700 level.

The June Australian dollar futures closed 45 points lower at .5124
today. Prices pushed to a fresh 3-month high last week and bulls can
argue we are seeing corrective consolidation this week. Still,
downside price action last week penetrated on the downside and
negated a seven-week-old uptrend line on the daily bar chart. Bulls
should be worried about this. They need to show some fresh momentum
soon. First support is seen at .5069. First resistance is now seen at
.5225.

The June Canadian dollar closed 33 points lower today, at .6469.
Prices closed near the session low. If prices drop below the May low
of .6425, then bears will be on a level playing field with the bulls.
This currency had been near recent historic lows and I do not think
there is much more downside. In fact, a wedge pattern may be forming
on the daily bar chart that, if confirmed, would likely favor the
bulls. Next resistance is seen at the .6535 level. First support is
now seen at the .6450 level.

The June British pound closed 42 points higher at 1.4264. Prices are
rebounding after last Thursday prices fell below the early April low
of 1.4112. If there would have been follow-through selling, then the
door would have been open to steeper losses. If the losses can be
contained and prices rebound, one could still argue that price action
the past few weeks has been a "basing" before prices eventually turn
north. Next resistance is seen at the 1.4300 level. Next support now
comes in at the 1.4150 level.

The June U.S. dollar index closed 3 points higher at 118.31 today.
Bulls are still in firm control. In fact, a bullish pennant pattern
could be forming on the daily bar chart. The index last week pushed
to a fresh multi-month high. If bulls can push prices above and have
a close above the 119.00 level, then there is likely significantly
more upside potential to this rally, even though the index is still a
bit short-term overbought, technically. There is stiff resistance,
basis the longer-term charts, at the 119.00 area. Next resistance
lies at the 119.00 area. First support is seen at the 117.50 area.

September U.S. T-bonds closed 7/32 higher today at 98 20/32. The
market is consolidating at lower levels. Bears still rule. The next
upside objective for the bulls is the par level--100 even. But any
near-term rebound will be corrective in nature only, until prices can
push above the 102 area. Prices pushed to a six-month low just
recently. First support at 98 6/32.

The September U.S. T-note closed up 4.5 (32nds) today at 102.00.5.
Prices fell to a multi-month low just recently as bears rule. Severe
technical damage has been inflicted recently. First support is seen
at the 101.30.0 level. First resistance is seen at 102.30.5 level.

September Nasdaq futures closed 72.00 lower at 1805.00 today. Bulls
are losing technical ground that they had gained recently with the
push above the 2,000 level. It just shows how the stock indexes will
not let either the bulls or the bears have much of an edge, before
prices reverse. First resistance is now seen at 2,000. First support
is seen at the 1,750 area.

September S&P 500 futures closed 18.70 lower at 1260.10. We are
seeing some consolidation the past few days after prices hit a fresh
three-month high last week. Bulls are still encouraged by the
continuing uptrend off the March low, but they do need to stop the
slide lower seen the past few sessions. My bias is still that any
recovery in the stock market and the stock indexes won't be dramatic,
but a slower grind higher, with fits and starts. First resistance is
now seen at 1300.00. First support is now seen at the 1240.00 area.

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_____________________________________________________________________

T O P   N E W S
_____________________________________________________________________

STOCKS

Japan Stocks Review: Nikkei -2% on Deutsche downgrades/Nasdaq fall
   http://news.ino.com/summary/?id=25601
Add2: US Equities Review: DJIA closes below 11,000 on tech selloff
   http://news.ino.com/summary/?id=25599
UK Stocks Review: Weak tech stocks push FTSE-100 below 5,800
   http://news.ino.com/summary/?id=25607

FOREX

US FX Review: Dollar remains mixed; traders hunting for clues
   http://news.ino.com/summary/?id=25603
Asia FX Review: Euro/yen comes under pressure on broad selling
   http://news.ino.com/summary/?id=25600
Europe FX Review: US fund buying limits euro's losses
   http://news.ino.com/summary/?id=25602

CREDIT

US Credit Review: Only modest gains despite stock market slide
   http://news.ino.com/summary/?id=25598
Europe Credit Review: Bond prices range-bound despite firm M3
   http://news.ino.com/summary/?id=25604
Japan Credit Review: June ends up slightly in range-bound trades
   http://news.ino.com/summary/?id=25606

COMMODITIES

US Futures Summary: Gasoline, gold hammered; natural gas soars
   http://news.ino.com/summary/?id=25605

EXCHANGES

NYBOT Announces New Margin Requirements
   http://news.ino.com/press/?release=24487
KCBT Value Line
 Margin Changes Announced
   http://news.ino.com/press/?release=24486
Pacific Exchange To Trade Options on Instinet Group and USEC
   http://news.ino.com/press/?release=24485
60% Of IPE Holdings Shares Tendered To IntercontinentalExchange
   http://news.ino.com/press/?release=24484
Simon Heale Appointed London Metal Exchange Chief
   http://news.ino.com/press/?release=24483

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

NGN1   Henry Hub Natural Gas Jul 2001              3.981     0.200  +5.25
ZM1    U.S. Treasury 6% Bond Jun 2001          103 184/256   4 15/32  +4.50
LHQ1   Lean Hogs Aug 2001                         63.300     1.600  +2.59
XHQ1   Lean Hogs Aug 2001                          63.27      1.57  +2.54
DAU1   BFP Milk Sep 2001                           15.60      0.38  +2.50
HGK2   Copper May 2002                            0.7905    0.0110  +1.39
OJN1   Orange Juice Froz. Conc. #1 Jul 2001        80.40      1.00  +1.26
MQU1   Mexican Peso Sep 2001                      9.4652    0.1085  +1.16
RRN1   Rough Rice Jul 2001                         5.660     0.060  +1.07
KWN2   Wheat Jul 2002                                346     3 1/2  +1.02

LOSERS

XKM1   Gold Jun 2001                               265.7     -11.9  -4.34
NGJ4   Henry Hub Natural Gas Apr 2004              3.780    -0.159  -4.21
NDM1   NASDAQ 100 Index Jun 2001                 1786.00    -70.50  -3.80
CCN1   Cocoa Jul 2001                                964       -38  -3.79
HUM1   New York Harbor Unleaded Gasoline Jun 20    1.0412   -0.0378  -3.51
XYU1   Silver 1,000 oz. Sep 2001                   448.2     -15.8  -3.42
KIM1   Kilo Gold Jun 2001                            263        -9  -3.31
GCZ2   Gold Dec 2002                                 276      -9.2  -3.24
LBU1   Random Length Lumber Sep 2001              305.40    -10.00  -3.17
PNU1   Propane Sep 2001                           0.5050   -0.0125  -2.42
____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

RHT    RICHTON INTL                                35.60      6.50  +22.41
BCR    BARD (C.R.)                                 56.09     10.09  +21.93
BAU    BACOU USA                                   28.00      4.60  +19.66
TARO   TARO PHARMACEUTICAL IND                     66.09     10.39  +18.65
IPIC   INTERNEURON PHARMACEUTICALS                  6.74      1.01  +17.84
ANST   ANSOFT CORP                                 17.37      2.14  +14.04
MRVT   MIRAVANT MEDICAL TECHNOLOGIES               12.24      1.49  +13.91
TT     TRANSTECHNOLOGY                              8.75      1.05  +13.29
VIP    OPEN-JOINT/VIMPEL COMMUN ADS                17.20      1.90  +12.62
TELM   TELLIUM INC                                 23.02      2.49  +11.66

LOSERS

UNEWY  UNITED BUSINESS MEDIA PLC                   10.69     -9.41  -46.82
EMEX   EMEX CORP                                   16.98     -9.21  -34.89
ASFI   ASTA FUNDING                                 8.71     -2.55  -25.50
AEGN   AEROGEN                                      5.20     -1.74  -25.04
SABA   SABA SOFTWARE                               10.87     -3.08  -21.95
WEBX   WEBEX COMMUNICATIONS INC                    15.00     -4.01  -21.12
TIVO   TIVO INC                                     7.25     -1.83  -20.13
BRZZ   BRIAZZ INC                                   5.40     -1.34  -19.73
ADTK   ADEPT TECHNOLOGY                            10.06     -2.44  -19.15
FFIV   F5 NETWORKS                                 10.39     -2.41  -18.95

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I would like to cancel my registration for this class.

Thanks,

Susan Pereira

Ernie
02/15/2001 12:17 PM
Sent by: Susan W Pereira
To: Susan W Pereira/HOU/ECT@ECT
cc:
Subject: Class Confirmation - Harassment Avoidance

You are enrolled in the following class:

Harassment Avoidance

Class Days and Times:
  3/5/2001  02:45:00 PM - 04:15:00 PM
Room # & Location: DoubleTree-La Salle B,  Houston
Last Day to Cancel: 03/05/2001
Participant Fee: $50.00
Note:

Please review any prerequisite material to validate your eligibility in this
class.
Your Company and RC will be charged $50.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


Version 2.0 of the ClickAtHome Portal is now available!
	Log into www.clickathome.net now, from work or home!

Access the PEP System through the portal!
	Choose your reviewers and fill out your evaluations in the comfort and privacy of your home!

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	YOU choose the content on each page, as well as the look and feel!

Note: the ClickAtHome portal must be launched through an Internet Explorer browser, 5.0 or higher.


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2000
03:41 PM ---------------------------

Robert Brooks <rebrooks@earthlink.net> on 04/19/2000 12:39:57 PM
Please respond to "rebrooks@rbac.com" <rebrooks@rbac.com>
To: "'GPCM Distribution'" <rebrooks@rbac.com>
cc:
Subject: Gas Price Analysis from Powermarketers.com

Interesting article.  Analysis sees production and import increases this
year, perhaps not quite keeping up with demand increases.
Take a look.

http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/04/18/krtbn/0000-0087-HO-GAS-ENERGY

Bob Brooks


Jim, Notice is given of meetings of the Directors of Enron Australia Finance Pty Ltd and Enron Australia Energy Pty Ltd to be held in Enron's Sydney office at 8.30am Monday 3 December 2001 Sydney time (3.30pm Sunday Houston time).  At these meetings the solvency of each company will be reviewed and the appointment of an Administrator of each company will be recommended. As before if you wish to participate by phone please advise.

No meeting is scheduled for the Directors of Enron Australia Pty. Ltd.

This notice is given pursuant with your agreement to waive the the 2 Busines Day Noice Period.

David Minns
Company Secretary
Enron Australia Finance Pty Ltd and Enron Australia Energy Pty Ltd

Phone 612 9229 2310
Mobile 61 410 492 240
Fax 612 9229 2350

??????????..


FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/07/2000 04:25 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Jackie Gallagher" <JGallagher@epsa.org>
11/07/2000 02:50 PM

To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<janelle.scheuer@enron.com>, <jeff_brown@enron.com>, <jhartso@enron.com>,
<Mary.Hain@enron.com>, <sarah.novosel@enron.com>, <tom.hoatson@enron.com>
cc:
Subject: FERC Notice of Public Conference in San Diego

Attached is a notice from FERC on a public conference in San Diego on
November 14th regarding the Commission's proposed remedies for California.
The conference is being held primarily to accord an opportunity to the
citizens of San Diego, and others who are unable to attend the Nov. 9th
meeting.
The notice is also available on FERC's website, at www.ferc.fed.us.

Jacqueline Gallagher
Research/Policy Assistant
Electric Power Supply Association
1401 H Street, NW
Suite 760
Washington, DC  20005
202.789.7200
202.789.7201
jgallagher@epsa.org

 - 11-14.pdf


I am sorry Ladies - But I cant see you guys this week.


Kay, I called Cingular to see what was up with your bill.  The last payment
was made the end of March.  Your credit card expired March, 2001.  So, you
are not set up currently for your credit card to be charged.  I'm going to go
ahead and expense this charge and then you'll need to pay it.  If you want it
set up again on your credit card, you have to send Cingular a letter stating
your wishes.

I also changed your address to this building while I had her on the phone.

Is all of this ok with you?>


It is becoming increasingly clear that the development of eCommerce will have
a significant and continuing impact on the conduct of business in a broad
array of industries.  Through EnronOnLine, Enron has quickly become a major
catalyst for the transition to the web in the gas and electric industries.
EnronOnLine has been an enormous success since its launch.  Since launch, we
have completed 67,043 transactions on line, with a total dollar value of over
$25 billion.  EnronOnLine is now the largest eCommerce site in the world.

We believe that the competitive success of EnronOnLine is due to one very
specific reason.  In addition to providing a web-based platform for
transactions, Enron acts as principal to provide direct liquidity to the
site.  We stand ready at all times, in any market conditions, to buy and sell
at the posted price.  This converts a &bulletin board8 (the more typical
eCommerce concept) into a true market.  There are very few, if any,
competitors that can provide this capability.

We are increasingly convinced that this competitive advantage can be
dramatically expanded to other products and other geographies.  If we are
correct, this could provide an enormous new opportunity for growth for Enron.

Accordingly, we are initiating a major new effort to capture this
opportunity.  Effective today we are creating a new business, Enron Net
Works, to pursue new market development opportunities in eCommerce across a
broad range of industries.  It is likely that this business will ultimately
be our fifth business segment, joining transmission & distribution,
wholesale, retail and broadband services.

Included in this business will be our entire IT and technology group along
with significant talent and resources in market making and finance.
Initially, North America will provide primary direct support for staff
services and back office, however, over time we will be requesting support
services from virtually all Enron units to ensure continued growth and
success.  To facilitate the combining of commercial capabilities with these
new eCommerce platforms, Enron Net Works will work closely with the merchant
functions of North America, Europe, South America, CALME, Asia and Broadband.

Enron Net Works will be headed by Greg Whalley, Chief Executive Officer; Mike
McConnell, Chief Operating Officer; and Jeff McMahon, Chief Commercial
Officer.  These individuals will comprise the Office of the Chairman for
Enron Net Works and remain on the Executive Committee of Enron Corp.
Replacing Greg Whalley as President and Chief Operating Officer of Enron
North America is Dave Delainey, who will also join Enron,s Executive
Committee.

Global Technology will remain intact but will now be a part of Enron Net
Works.  It will maintain all of the same businesses and services as it did as
an Enron global function.  Philippe Bibi will remain the Chief Technology
Officer for all of Enron Corp. and continues to be responsible for the
development of worldwide technology standards and platforms.

EnronOnLine, headed by Louise Kitchen, will also remain intact and will now
be a part of Enron Net Works.  The success of EnronOnLine enables us to
utilize this site as a model as we explore other markets. In addition, the
following individuals are included in Enron Net Works along with their
current eCommerce initiatives: Harry Arora, Public Financial Securities; Jay
Fitzgerald, New Markets Identification; Bruce Garner, Metals; and Greg Piper,
Pulp and Paper.

Over the next several weeks we will complete staffing and organizational
design and will provide full details on this exciting new business
opportunity.


Dale - I want to suggest we set a meeting 2 weeks from this Thursday to fly
to Houston, have about a four hour session (2 hours each) with ABB, and GE in
ENA's offices with Peter Thompson, Lisa Bills et al to get the B/O contracts
done.

Peter is in favor, and I certainly think its time to stop e mailing back and
fourth - just sit down and dedicate the time to get all comments resolved.


did you guys win


Listed below are dates and actions required to finish the year-end PRC
process.  Please make a note of these dates and perform any required
actions.  If you have questions, please contact me.

December 15:  All PRC meetings and ratings will be finalized for Sr. Director
and below positions.
January 25:  Performance reviews must be completed by this date.  All
performance review information, including bonus payment and salary increase,
must be communicated to employees.
February 5:  Bonus payment made to eligible employees.

Since we have many new employees, I thought I would provide the following
information and philosophy about our performance review system.  Enron is
very proud of its employees and is known for hiring the most talented people
available in the marketplace.  I believe that is true in West Power Trading.
The challenge for managers is to provide valuable feedback, and the most
accurate rating, to employees so they can enhance their performance and
progress in their current roles and within the company.

There are basically two objectives to our performance review system.

Career Development/Feedback on Performance:  This part of our performance
review system includes the meetings and discussions surrounding the following
four documents that are in each review package:  Goals, Expectations,
Accomplishments, Feedback.  Employees prepare a listing of their Goals to
accomplish by the next review period and a list of their Accomplishments
since the previous review period.  Managers prepare Feedback and prepare a
list of Expectations during the next review period.  These documents are the
cornerstone for constructive two-way feedback during a performance review.

Performance Rating:  Enron uses a merit-based approach to determine
promotions, raises, and bonuses.  This is accomplished in the PRC
(Performance Review Committee) meetings.  In these meetings, the ENA
management team assigns a performance rating to each employee.  We attempt to
make this process as fair and objective as possible.  For West Power Trading
employees, each person's performance is assessed relative to responsibilities
defined in the "Expectations" document.  Performance is also gauged relative
to your peers throughout ENA--Portland, Houston, and Calgary.  Each person's
manager had tremendous input into this process.  I personally represented
each person in our group in the final ENA PRC meeting in Houston.  I feel
confident the process was fair and that the tremendous achievements of our
office were acknowledged.

The following is a review of the various rating categories.

NEEDS IMPROVEMENT:  Does not meet most expectations.  Demonstrates some of
the criteria.  Further development needed in most areas.

SATISFACTORY:  Meets many but not all expectations.  Demonstrates most of the
criteria.  Further development needed in many areas.

STRONG:  Meets most and exceeds some expectations.  Role model for some of
the criteria.  Further development needed in some areas.

EXCELLENT:  Exceeds most expectations.  Role model for most criteria.
Further development needs are minimal.

SUPERIOR:  Consistently goes above and beyond expectations.  Role model for
criteria.  Very little need for growth and change at current level.

My commitment to you is that by January 25, you will receive your
career/development feedback and your performance rating.  Hopefully this
information aids you in understanding the PRC review system.  If you have any
questions about the process, please see your manager or me.  Also, Amy
FitzPatrick would be happy to answer any questions you have or provide
assistance with the PRC Process.


Would you please supply me with the notice information required on page 4 of
the draft Schedule.  Thanks.  Sara


These, as well as the Grays Harbor deal you sent me, have been approved and
re-scheduled. They should show in the CARP report now, but let me know if
they don't, and I'll look into it.

Thanks,
Kate

Lester Rawson
04/17/2001 01:53 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Annuites

Kate,

Please approve and auotschedule annuities.

# 442038 9/30/2000

# 584331 10/31/2000

#584337  11/30/2000

Les


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/09/2000 05:43
PM ---------------------------

"Raper, Stephen" <RAPER@ci.rocky-mount.nc.us> on 08/07/2000 01:28:37 PM
To: "'ozzie.pagan@enron.com'" <ozzie.pagan@enron.com>, "'Kay.Mann@enron.com'"
<Kay.Mann@enron.com>, "'Heather.Kroll@enron.com'" <Heather.Kroll@enron.com>,
"'jhodge@enron.com'" <jhodge@enron.com>
cc: "'jep rose'" <jrose@poynerspruill.com>, "Sherk, Bill"
<SHERK@ci.rocky-mount.nc.us>, "Nixon, Nancy M."
<NIXONN@ci.rocky-mount.nc.us>, "'joe durham'" <joed@co.edgecombe.nc.us>

Subject: FW: Enron schedules

attached are two possible schedules/timelines for annexation and rezoning.
let me know your preference and/or any new ideas or alternatives for the
property in edgecombe county for the peaking plant

steve raper

> -----Original Message-----
> From: Nixon, Nancy M.
> Sent: Monday, August 07, 2000 12:17 PM
> To: Raper, Stephen
> Subject: Enron schedules
>
>  <<Zoning Notes & schedules.doc>>

 - Zoning Notes & schedules.doc


Start Date: 4/13/01; HourAhead hour: 13;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041313.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 13 / Preferred:  20.00 / Final:  19.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: FIRM


Joe,
	The prices are at the bottom in yellow.     Let me know if you have a problem.
Justin Fernandez
Enron
justin.fernandez@enron.com
713-345-9398-desk


Sorry for the timing east of California.? There was no other time
available....

-----Original Message-----
From: Jeffery.Fawcett@enron.com [mailto:Jeffery.Fawcett@enron.com]
Sent: Monday, May 08, 2000 2:31 PM
To: Cherry, Brian - TPBKC
Cc: Susan.Scott@enron.com; mbaldwin@igservice.com
Subject: Rebuttal Testimony Conference Call - Assignments and Testimony
CONFIDENTIAL

Brian,
I'm out of pocket tomorrow afternoon 5-7 p.m. CDT.?? I'll ask Susan Scott
and/or Mark Baldwin if they can represent TW on the call.

"Cherry, Brian - TPBKC" <BCherry@sempra.com> on 05/08/2000 03:33:46 PM

To:?? "Cherry, Brian - TPBKC" <BCherry@sempra.com>, "'AlexanMS@sce.com'"
????? <AlexanMS@sce.com>, "'paulamirault@aec.ca'" <paulamirault@aec.ca>,
????? "'david.bayless@utility.com'" <david.bayless@utility.com>,
????? "'Tomb@crossborderenergy.com'" <Tomb@crossborderenergy.com>,
????? "'Burkee@cts.com'" <Burkee@cts.com>, "'Craigc@calpine.com'"
????? <Craigc@calpine.com>, "'Rick.Counihan@greenmountain.com'"
????? <Rick.Counihan@greenmountain.com>, "'Jdasovic@enron.com'"
????? <Jdasovic@enron.com>, "'Mday@gmssr.com'" <Mday@gmssr.com>,
????? "'bdingwall@unitedgas.com'" <bdingwall@unitedgas.com>,
????? "'Douglass@arterhadden.com'" <Douglass@arterhadden.com>,
????? "'eke@aelaw.com'" <eke@aelaw.com>, "'Jfawcet@enron.com'"
????? <Jfawcet@enron.com>, "'rfoss@coral-energy.com'"
????? <rfoss@coral-energy.com>, "'plg@cpuc.ca.gov'" <plg@cpuc.ca.gov>,
????? "'johnj@bcjlaw.com'" <johnj@bcjlaw.com>, "'Johnson_Pamela@lacoe.edu'"
????? <Johnson_Pamela@lacoe.edu>, "'karpjos@sf.whitecase.com'"
????? <karpjos@sf.whitecase.com>, "'jleslie@luce.com'" <jleslie@luce.com>,
????? "'kmccrea@sablaw.com'" <kmccrea@sablaw.com>, "'jmpa@dynegy.com'"
????? <jmpa@dynegy.com>, "'rmp@cpuc.ca.gov'" <rmp@cpuc.ca.gov>,
????? "'porterdk@sce.com'" <porterdk@sce.com>, "'RochmanM@cubjpa.org'"
????? <RochmanM@cubjpa.org>, "'RochmanM@spurr.org'" <RochmanM@spurr.org>,
????? "'susan.scott@enron.com'" <susan.scott@enron.com>, "Betonte, Robert -
????? TP2RSB" <RBetonte@socalgas.com>, "Brill, Thomas R."
????? <TBrill@sempra.com>, "Davis, Robert E." <REDavis@sempra.com>,
????? "Follett, B. David - TPDBF" <DFollett@sempra.com>, "Fong, Ed"
????? <EFong@SDGE.com>, "Freeman, Kimberly" <KFreeman@sempra.com>, "Gaines,
????? Mark - TPMFG" <MGaines@socalgas.com>, "Harrigan, James P. - TP1JPH"
????? <JHarrigan@socalgas.com>, "Hay, James E." <JHay@sempra.com>,
????? "Hubbard, Lisa J." <LJHubbard@sempra.com>, "Lorenz, Lad - TPLPL"
????? <LLorenz@socalgas.com>, "McVay, Nancy W - TPNWM"
????? <NMcVay@socalgas.com>, "Morrow, Rick - TP3RMM"
????? <RMorrow@socalgas.com>, "Purves, Ralph A." <RPurves@SDGE.com>, "Reed,
????? William" <WReed@sempra.com>, "Sakarias, Wayne P."
????? <WSakarias@SDGE.com>, "Schavrien, Lee" <LSchavrien@sempra.com>,
????? "Smith, Anne S. - TPASS" <ASmith@sempra.com>, "Sullivan, Glen J."
????? <GSullivan@sempra.com>, "Surak, Thomas M. - TP1TMS"
????? <TSurak@socalgas.com>, "Suwara, J.- TPJUS" <JSuwara@sempra.com>,
????? "Takemura, Earl - TPEKT" <ETakemura@socalgas.com>, "Teeter, James S."
????? <JTeeter@SDGE.com>, "Van Lierop, Jan - TP2JXV" <tp2jxv@socalgas.com>,
????? "Watson, Steven - TP2SAW" <SWatson@socalgas.com>, "Wright, Gillian -
????? TP1GXW" <GWright@sempra.com>, "Barker, David - TPDTB"
????? <DBarker@socalgas.com>, "'How-Downing, Lindsey'"
????? <lindseyhowdowning@dwt.com>, "'Jun, Christine'" <chj@aelaw.com>,
????? "'Gileau, Pat'" <plg@cpuc.ca.gov>, "'Khoury, Dexter'"
????? <bsl@cpuc.ca.gov>, "'ack@aelaw.com'" <ack@aelaw.com>, "Nelson, Eric
????? B. - TPEBN" <ENelson@socalgas.com>, "Bisi, David - TP1DMB"
????? <DBisi@socalgas.com>, "Mumford, Joel - TP4JDM"
????? <JMumford@socalgas.com>, "Tom, Gwoon - TPGYT" <GTom@socalgas.com>,
????? "Suwara, J.- TPJUS" <JSuwara@sempra.com>, "Wright, Gillian - TP1GXW"
????? <GWright@sempra.com>, "Mumford, Joel - TP4JDM"
????? <JMumford@socalgas.com>, "Teeter, James S." <JTeeter@SDGE.com>,
????? "Scott, Addis B." <AScott@SDGE.com>
cc:

Subject:? Rebuttal Testimony Conference Call - Assignments and Testimony C
????? ONFIDENTIAL

I have scheduled a conference call for Tuesday, May 9, from 3:00PM-5:00PM
to discuss our rebuttal testimony on the Comprehensive Settlement Agreement
that is due on Friday, May 19.? I know many of you are still recovering
from the direct testimony (which looks fabulous, compelling and persuasive)
but we now need to focus our attention on rebuttal.? Call in number is
1-800-720-5846? Confirmation number is 6185854.

I'm looking for feedback on the best approach to rebuttal and I have a few
suggestions.? First, I would like to limit the testimony to witnesses who
have already filed direct testimony.? Unless we absolutely need to add
additional witnesses, my preference is to stop while we are ahead.? Adding
more witnesses will make it increasingly difficult to convince the ALJ that
the panel approach will work.? Second, although this is rebuttal testimony,
it is not typical rebuttal.? ALJ Biren reserved this rebuttal for parties
opposing settlements to state their case.? In as much as we can work in
issues that are objectionable from direct, we should do so.? Nonetheless,
we should try and focus our testimony on those things in the Post-Interim
that are objectionable and inconsistent with the Commission's Most
Promising Options.? I would use all of our "powder" on the Post-Interim
arguments and limit our opinions on the viability of the Interim (at least
some of the Interim signatories will take this approach).?? We will also
need to address issues raised by PG&E, Long Beach and others, but it should
not take up a lot of ink.

I would like to portion out the assignments to the Post-Interim as follows:

SoCalGas??????? ??????? Historical reply to reasonability of capacity
contracts, assignments, and step-downs
SoCalGas??????? ??????? Shareholder risk/reward; consistency with the
Global Settlement; ratepayer sharing
SoCalGas??????? ??????? Montebello
SoCalGas??????? ??????? Information disclosure
ORA???? ??????? ??????? Gas Accord as the appropriate regulatory policy
model
Dynegy/Watson/Enron???? Unbundling transmission benefits all customers,
especially electric generators; RMRs
and Edison
WHP/WGS ??????? Storage unbundling
TXU/Shell?????? ??????? Core capacity unbundling; self-balancing
GreenMountain?? ??????? Failure to address retail issues

I am not suggesting this is a comprehensive list and if I have missed
something, speak now.?? I would like us to get our first draft out to
parties no later than noon Monday, May 15.? Sorry folks, but we're running
out of time.