In the past few months, Enron has received numerous requests from other
companies to share some of the processes and systems that we have developed
within HR.  Also, several new businesses have been created recently by
consulting companies to pursue what some financial analysts believe is a huge
untapped market in aggregating HR services.  Recently, we completed an
internal review to consider what role Enron could play in this arena and have
decided to explore some very specific external opportunities.  Due to the
time commitment required to pursue these opportunities, we are assigning
dedicated resources to this effort.  Effective immediately, the HR community
will have three major areas of focus that will be working together in order
to optimize HR transformation and commercialization.  Taking the lead roles
will be myself, Mary Joyce and David Oxley (see below and attached chart).

? I will lead this new effort in addition to continuing to lead those areas
of HR that are our prime candidates for commercial opportunities.  Reporting
to me on this commercialization effort will be:  Brad Coleman with the
overall lead; Andrea Yowman who will focus on software applications such as
PEP, Expertfinder and Global Compensation; Sarah Davis who will focus on
Worklife; Elyse Kalmans who will focus on Community Relations; Cynthia Barrow
who will focus on Benefits and Wellness; and Yevgeny Frolov and Dan Brown who
will focus on E-learning and Talent Management.  I will continue to report to
Steve Kean.

? David Oxley will take the overall lead for HR across all business units
focusing on continuing to increase the value HR brings internally to Enron.
The networked recruiting, Organization Development and Training and Business
Unit Compensation consulting functions, the Global PEP team, as well as the
generalist consulting responsibilities for all Corp. groups, will report
directly to David. The HR leads for EWS, EES, EBS, ETS and EGAS will report
jointly to their business unit OTC,s and to David from a functional HR
perspective. In this regard David will now report to Steve Kean.

? Mary Joyce will add Global Information Management, Corporate Compensation
services and Reporting/ Analysis, to her current Executive Compensation
responsibilities.  Kathy Schultea, Felecia Acevedo, Cindy Ward and Suzanne
Brown will report into Mary,s organization. Mary will continue to report to
Steve Kean.

? With Drew Lynch,s promotion to COO Metals and David,s increased
responsibilities, Robert Jones will take the HR lead for EWS Americas. Robert
will report to the EWS OTC. Jon Chapman has been appointed head of HR for
EEL, based in London, and will report to the EEL OTC. Both Robert and Jon
will report to David from a functional HR perspective.

Additional realignment of resources will enable our team to further improve
daily employee services, partner with Business Unit initiatives and maximize
opportunities for commercialization.  These modifications are as follows:

? Scott Gilchrist will lead HR for the newly formed EGAS.  As such he will
focus his attention on the asset positions in South America, Latin and
Central America, the Middle East and Asia.  The European assets will continue
to be a part of EEL.  Scott will also work closely with Rebecca McDonald and
Sandip Mallick in relation to our assets in India.  Scott will report to the
EGAS OTC, Rebecca McDonald and David as above.

? Michelle Cash has agreed to take the lead of the Corporate OLER function
for an interim period to determine how it should operate and be organized.
She will report to me for this particular function, but of course will remain
primarily a part of the EWS legal function reporting to Mark Haedicke.

? Sheila Walton will lead the HR Generalist activities for all Corp
functions.  Jo Ann Hill, and all of the corporate generalist functions
currently under Jo Ann, will report to Sheila Walton.  Sheila will continue
to report to David.

? Sarah Davis will add the Click at Home program to her current
responsibilities, and will continue to report to me.


We have the Equitrans capacity (1,000 dt/day)  through July.  Scott will tell
John Singer we need to get out of this capacity.  Scott and I have decided to
leave this on the CES Retail worksheet and see what happens.

ENA purchased the 19,000 of BG&E space from CES.

	From:  Colleen Sullivan                           05/11/2000 11:04 AM

To: Chris Germany/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT
cc: Scott Neal/HOU/ECT@ECT
Subject: CES Retail capacity

Per our discussion on Monday, we need to give CES-Retail a bid for the two
TCO transportation contracts that were dedicated to c&i customers that they
will no longer need once they sell their c&i business effective 6/1/00.  As
you recall, one contract is to COH for 20,000/d through 10/31/00 (#65402);
the other is to BG&E  for 19,000/d through 4/01(#65403).  This is the
information that Jeff Porter and Charlie gave to me--you need to confirm that
this information is accurate.

I am going to call Charlie back tomorrow morning (Friday, 5/12) and suggest
that he talk to one of you two directly for a bid on the agreements.  I think
this will be more efficient (and put the pressure on you to price it
up!!).    If there is any problem with this, please let me know.


I do not necessarily anticipate a problem, but because I believe that Enron
is considering the possibility of entering into another transaction with
Ameresco, I have asked Lance Schuler to make sure that there is no conflict
or other unintended result.  Having said that, I have no substantative
problem with the provision addressed by Kay's email.  But let's make sure we
run this one trap first.

Thanks,
Mark

 -----Original Message-----
From:  Mann, Kay
Sent: Monday, May 14, 2001 1:01 PM
To: Metts, Mark; Timothy J Detmering/HOU/ECT@ENRON
Cc: Llodra, John; Duran, W. David; Schuler-Legal, Lance
Subject: Confidentiality agreement

Gentlemen,

I'm with EWS Legal, and I'm working with John Llodra (East Power origination)
concerning a confidentiality agreement with Ameresco.  The proposed
transaction is described as follows:

 A potential power plant site development and asset management services
related to the Island End Generation Project, a nominal  365 MW combined
cycle power generation facility, proposed to be located in Everett,
Massachusetts.

The current draft of the CA contains this language:

 From the time of the signing of this Agreement until October 1, 2001 neither
Party shall pursue the Proposed Transaction without  the participation of the
other Party, unless the other Party consents in writing or notifies the other
Party that it does not intend to   pursue the Proposed Transaction.

In accordance with policy, this issue is being submitted to you for your
review.

John can be contacted at 978 449 9936.  My extension is 57566.

Thank you,

Kay

Here is the entire CA:

 << File: Enron Bilateral CA Draft 5 reAmeresco 050901.doc >>


is the tournament on Sat or Sun or both? round robin?
thanks
looking forward to hitting tomorrow


I did some "off-inc sheet deals" today and they can be found in Nov Slinger cali trading in the Inc sheet folder.  Please include these in the SAR when it is run.

thanks,

ryan


I will be passing an envelop to collect a small monetary token of
appreciation for Kimberly and Alex for Administrative Assistants' week.
Please give if you are able and in an amount that you
feel is appropriate.
thanks,

Scott Neal


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/06/2000
02:04 PM ---------------------------

"Dave Williams" <usaee@usaee.org> on 09/06/2000 01:27:43 PM
Please respond to <usaee@usaee.org>
To: <vkamins@enron.com>
cc:
Subject: FW: USAEE Philadelphia VIP Dinner

Vince,

Can you please let us know if you plan to attend this event?

Many thanks.

Dave Williams
Executive Director
USAEE/IAEE

=======

If you are receiving this email it indicates that we have yet to hear from
you in regard to your invitation to attend the USAEE VIP Conference Dinner,
Sunday, September 24, 2000.
Attached please find another invitation letter and reservation form.  We
would like to hear from you by Wednesday, September 6 if you can attending
this special dinner function or not.

Kind regards,

David Williams
USAEE

 - DININVIT.doc
 - DINFORM.doc


Dear Mr.Lay,

I hope this email finds you looking forward to the approching holiday
season. I thought I would take this opportunity to drop you a quick email
and express my interest in Enron for my future. My name is Dulari Mehta and
we first met at the Davenport Society Dinner in October at the University of
Missouri-Columbia. I was escorting Mr. Walker and I was sitting at your
table. I again had a chance to speak with you at the Mosaic Society Dinner
in November. On both occasions I enjoyed speaking with you and exchanging
ideas about India.

As this semester closes and I begin to plan my next one, I am looking at
opportunites that await me once I graduate in May of 2001. I have spent some
time looking at your website and I am very intersted in Enron as a possible
place to work. I am especially interested in your project management area
and/or international opportunities. I have attached my resume to this email.
I would love to hear from you as to your thoughts on my resume and a
possible future at Enron.

All my current and permanent contact information is on my resume. I will be
out of the country and in India from December 22 to January 13. I hope you
and your family have a wonderful holiday season. I very eagerly await
hearing from you.

Thank you for you time and consideration,
Dulari Mehta

 - Resume2.doc


Last Thursday afternoon, 2/21/02, Stephen Cooper left a voicemail for all Enron employees.  The transcript is attached below in a Word document.

ENA Human Resources
x7404
x8321

 -----Original Message-----
From: 	James, Terrie
Sent:	Monday, February 25, 2002 1:25 PM
To:	Stupek, Patrick; Kearney, Julie; Nelson, Kimberly (ETS)
Subject:	Cooper Voicemail Transcript


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:22 PM -----

	James D Steffes
	02/26/2001 08:52 AM

		 To: Alan Comnes/PDX/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES, David W
Delainey/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES,
Elizabeth Sager/HOU/ECT@ECT, Elizabeth Tilney/HOU/EES@EES, Eric
Thode/Corp/Enron@ENRON, Gordon Savage/HOU/EES@EES, Greg Wolfe/HOU/ECT@ECT,
Harry Kingerski/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Keith Holst/HOU/ECT@ect, Kristin
Walsh/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Louise Kitchen/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Mary Schoen/NA/Enron@Enron, mday@gmssr.com, Mark
Palmer/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Mary Hain/HOU/ECT@ECT,
Michael Tribolet/Corp/Enron@Enron, Mike D Smith/HOU/EES@EES, Mike
Grigsby/HOU/ECT@ECT, Neil Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Rebecca W
Cantrell/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron,
Robert Frank/NA/Enron@Enron, Robert Johnston/HOU/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Shelley
Corman/Enron@EnronXGate, Steve C Hall/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT,
Steven J Kean/NA/Enron@Enron, Susan J Mara/NA/Enron, Tim Belden/HOU/ECT@ECT,
Tom Briggs/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Vance
Meyer/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wendy Conwell/NA/Enron@ENRON,
William S Bradford/HOU/ECT@ECT
		 cc:
		 Subject: CA Supply Realities

For those that have not seen this analysis, attached please find a note from
Mary Schoen detailing the serious physical shortage problems that may occur
this Summer in CA.

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/26/2001 08:51 AM -----

	Mary Schoen
	02/22/2001 02:55 PM

		 To: Neil Bresnan/HOU/EES@EES, Alan Comnes/PDX/ECT@ECT, Jubran
Whalan/HOU/EES@EES, Kristin Walsh/HOU/ECT@ECT, Clayton Seigle/HOU/ECT@ECT,
Jeffrey Keeler/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT
		 cc:
		 Subject: CA Supply Realities

Attached is a memo comparing the CEC's forecasted supply and a more realistic
look at what additional resources might be available this summer.

The bottom line is that:

1.  The CEC significantly underestimates the outages that may occur this
summer.  They estimate in their 5,000 MW supply deficit for the summer that
expected outages will be around 3,000MW.  However, November and December saw
significantly higher outage levels.  (7,265 MWs) The FERC has investigated
these outages and found no improprieties- just that the plants are overtaxed
from running at higher than normal capacities.

2.  There are a lot of uncertainties surrounding the 1,244 MWs of projected
supply from rerating/restarting existing thermal and renewable projects.  It
is very unclear how much of this will be able to come on line by this summer,
if at all.  As evidenced by the e-mail I sent out this morning, local
communities may be very opposed to restarting shut down units.  In addition,
these units are likely to be uneconomical.

3.  In the existing resource pool, there are roughly 1,430 MWs of peaking or
other generation units that are running up against their operating hour
limitations from air quality regulations.  The Governor has ordered the local
air quality districts to address these restrictions,  We are beginning to
seem some movement; however, the US EPA has yet to weigh in on these relaxed
standards.

4.  The distributed generation/back-up generation capacity to make up some of
the shortfall is still an unknown.  While there has been some relaxing of the
limitations on run hours for back-up generation at "essential public
services" the increase in DG is expected from "clean" sources, not diesel
emergency generators.

5.  The CEC is doing everything it can to get 50+ MW peaking units on-line by
this summer.  They are promising a 21-day permit application approval process
and are offering to pay half of the cost of offsets, for "clean" sources of
generation in critical areas.

Please let me know if you have any questions or need additional information.

CEC's Summer Forecasted Peak Demand - Resource Balance:

List of Peakers running into their operating hour limitations:

Also available in hard copy format only:
(please e-mail me your fax number if you'd like a copy)

Table 1:  Fully Executed CA ISO Summer Reliability Agreements (the ISO
Peaking Facilities)
Table 2:  Summer 2001 Supply Options - Renewables Construction Status Summary
Table 3:  Summer 2001 Supply Options - Rerate of Non-CEC Projects
Table 4:  Summer 2001 Supply Options - CEC Rerate Status Summary
Table 5:  Idle Biomass Plants Potentially Capable of Restart
Mary Schoen
Environmental Strategies
Enron Corp
713-345-7422


Greetings:

Bowen's aide just called Mona and said that California State Senator Bowen is
going to have a hearing on MONDAY in California as a follow-on to the FERC
hearing that took place today.  We've been invited to attend.  Focus of
hearing:  Repeat of today's hearing, but have it California's house, rather
than FERC's.  Based on his Oscar-winning performance at today's hearing,
Steve Kean's the one Bowen's office has requested.

Possible to have a very quick call to get folks' view on the pros and cons of
participating in the hearing---recall that Peace sits on Bowen's
committee---and whether Steve Kean can be persuaded to come to California?
Or perhaps we can send a video-tape of Steve to be played to the Committee?
("You people in California are crazy, but other than that you're a swell
group of people.")

If possible, we would like to have the call at 10 AM (CST)/8 AM (PST).
Please let me know if this works for folks.  And if it does work, Ginger
could you set up a call-in number?

Best,
Jeff


ISDA PRESS REPORT, THURSDAY, SEPTEMBER 7, 2000

* Report Says Banks, Brokerages Need to Advance into Investment - The
Korea Herald, 9/7/00
* OCC Official: Still Hopeful For Derivatives Reform - Capital Markets
Report, 9/6/00
* UK ROAD TO EURO: Little Evidence of Euro-Creep in UK - Dow Jones
International News, 9/7/00
* Banks' Trading Revenue Remains High, Quarterly OCC Derivatives
Report Shows - BNA, 9/7/00

The Korea Herald, 9/7/00
Report Says Banks, Brokerages Need to Advance into Investment

For the survival of the domestic financial industry in global competition,
banks and securities companies need to be pushed to advance into investment
banking, the Korea Securities Research Institute asserted yesterday.

In a seminar on stock market development, the institute presented a paper
calling for expanded participation in investment banking by domestic
financial institutions.

"The global financial industry is heading for a single market as evidenced
by the growing synchronization of financial markets around the world," the
report said. "Since the global financial industry is increasingly reshaped
by mergers and acquisitions and business crossovers, domestic financial
institutions should pursue investment banking." To promote investment
banking in Korea, the institute said measures should be taken to build
reliable databases of economic and financial statistics, foster experts,
encourage brokerages to develop their underwriting capabilities, expand the
concept of securities and encourage business crossovers among financial
institutions.

As promising areas of investment banking, the institute cited asset
management, mergers and acquisitions, asset assessment, trading of
over-the-counter products and derivatives, and securities designing.

According to the institute, the global financial market is experiencing a
transition from direct funding through banks to direct funding through stock
exchanges. This sea change is demolishing the distinction between banks and
securities firms.

Furthermore, it said, capital liberalization in a growing number of
countries is accelerating the integration of national capital markets into a
single global market.

"The pursuit of large size and business crossovers will intensify in the
future. At the same time, progress in financial engineering and information
technology will give rise to more complicated financial products, which will
further liven up indirect investment instruments," it said.

The institute said foreign financial institutions' inroads into the domestic
market would increase, helping domestic institutions improve their business
practices and financial technology.

Capital Markets Report, 9/6/00
OCC Official: Still Hopeful For Derivatives Reform
By Jonathan Nicholson

WASHINGTON -(Dow Jones)- A top banking watchdog on Wednesday held out hope
that laws dealing with derivatives transactions and bankruptcies may yet be
updated this year.

"If nothing happened, it would not be disastrous. There's not a lot of time
left on the calendar," said Mike Brosnan, deputy comptroller for risk
evaluation for the Office of the Comptroller of the Currency.

"It would certainly be a better world if the bankruptcy and insolvency
provisions were finalized. There's a chance that could happen," he said.

Brosnan spoke to reporters during the agency's quarterly briefing on bank
derivatives trading revenues. The second session of the 106th Congress is
expected to adjourn by early October as lawmakers make their way home for
the fall campaign.

Brosnan said he hoped they could get to the provisions in a pending
bankruptcy reform bill dealing with derivatives contracts. The White House
and Congressional Republicans have been bogged down in negotiations over
bankruptcy for some time now. The issues of contention, however, have
revolved around consumer protection.

Brosnan said he hoped the comparatively non-controversial sections regarding
derivatives could be split from the bill and enacted separately if the
bankruptcy bill fails to show progress.

"It is my hope that that would occur and I think it would make for a safer
and sounder banking system," Brosnan said.

More sweeping reform, in the shape of a reauthorization and updating of the
Commodities Exchange Act, is also pending in Congress. The CEA includes the
structural framework for derivatives trading and regulation in the U.S. and
modernizing it has been a priority for some years among regulators and trade
groups.

However, differing versions of CEA modernization have been approved by three
committees in the U.S. House. Such divergent approaches are seen by many as
limiting the chances for passage.

"To the extent you could get one or both of those finalized in an agreeable
format, it would add certainty to U.S. banks," Brosnan said. By increasing
the legal certainty about the enforceability of derivatives contracts, it
would lower costs and keep business from moving overseas, he said.

Dow Jones International News, 9/7/00
UK ROAD TO EURO: Little Evidence of Euro-Creep in UK
By David Cottle

LONDON -(Dow Jones)- When high-profile industrial giants Toyota and Unilever
asked U.K. suppliers to price their goods in euros, many thought more
multinationals in the U.K. would follow suit, possibly making the euro the
effective business currency of the U.K. irrespective of a decision to join.

But so-called 'euro-creep', where the euro becomes the de facto currency for
British companies despite the U.K. retaining the pound, has so far failed to
materialize. U.K.-based businesses are still overwhelmingly loyal to
sterling despite big fluctuations against the euro.

"I think there is disappointment in official, pro-Europe circles that there
hasn't been as much 'euro-creep' as hoped for," said Stephen Lewis, chief
economist at Monument Derivatives in London.

With Britain still undecided over whether it should adopt the euro, many in
the pro-euro lobby say the commercial reality faced by many companies
dealing with other European countries will mean they will end up having to
use the single currency, like it or not.

The issue gathered extra intensity recently when the British press
highlighted the issue.

Euro-creep Overstated

But many now say 'euro-creep' has been overstated.

"The fact is that euro-creep is hardly a factor at the moment," said David
Page, U.K. economist at Investec Research.

What is more, some analysts say that the euro has been almost as invisible
in many euro-zone countries, where local currencies continue to hold sway,
and will remain so at least until euro notes and coins come into circulation
in 2002.

There is an obvious temptation for companies with large operations in the
U.K. and significant sales in Europe to ask U.K. suppliers to invoice in
euros. This way they pass on the exchange risk down the supply chain.

"Most of Toyota's U.K. production goes to Europe," said an analyst at
consultants Business Strategies, "so they'll lose significantly in terms of
the exchange rate and its volatility should their suppliers price in
sterling."

But Business Strategies reckon that these companies are reacting to a strong
pound rather than displaying an undying loyalty for the single currency and
that the weakness of the euro is a factor in its unpopularity as a trading
currency.

Weak Euro Hobbles Acceptance

Others share this view.

"With the euro at current levels it would be odd to see a big push towards
it's use by European businesses," said Klaus Baader, senior international
economist at Lehman Brothers in London.

Of the companies that are using the euro in the U.K., Toyota says it will
only demand euro pricing from some of its new supply contracts.

"We have only asked a few of our new suppliers to tender in euros, and we
have no plans at all to extend that base," said Richard Ayres, a spokesman
for Toyota in the U.K.

Unilever, meanwhile, has invited all its British contractors to tender in
euros, but a spokesman for the company said it wasn't compulsory for them to
do so, nor were there any plans to make it so.

"We now obviously produce all our (financial) reports in euros and this is
just an extension of that," he added.

BNA, 9/7/00
Banks' Trading Revenue Remains High, Quarterly OCC Derivatives Report Shows
By Adam Wasch

Although trading revenue was down from the record $3.84 billion recorded in
the
first quarter of 2000, U.S. commercial banks earned $3.03 billion from
trading
activities in the three months ending June 30, the Office of the Comptroller
of
the Currency reported Sept. 6.

The second quarter of 2000 represented only the third time the banking
industry has earned more than $3 billion from trading activities in a single
quarter. The first time it happened was in the first quarter of 1999, when
commercial banks earned $3.6 billion from trading, according to the OCC,
which released its quarterly Bank Derivatives Report. It has been six and a
half years since the seven banks most active in trading have lost revenue
from trading.

Trading revenue is earned from cash instruments and off-balance sheet
derivative instruments. A derivative is a financial instrument with a value
based on the performance of an underlying asset, interest rate, foreign
exchange rate, or other indexes. The OCC's quarterly report is based on
quarterly call report information provided by domestic commercial banks.

More Banks Using Derivatives

OCC also reported that the number of commercial banks holding derivatives
increased by 27 to 416. The notional amount of derivatives reported by
commercial banks grew 4.5 percent to a record high $39.3 trillion in the
second quarter. Most derivatives trading activity (96 percent), the OCC
explained, is used by banks in their capacity as a dealer to service bank
customers. The remainder is used to manage their own interest rate and other
financial risk positions.

"Contract volumes showed strong growth as bank customers managed risk
positions in an environment characterized by rising interest rates and
volatile and more uncertain market positions," said Mike Brosnan, OCC Deputy
Comptroller for Risk Evaluation, told reporters at a press briefing.

The average credit exposure from derivatives at the top seven trading banks
fell to 247 percent of risk-based capital, OCC said, although Brosnan still
called this a "huge" percentage. Credit exposure has declined since reaching
a record high of 324 percent of risk-based capital in the fourth quarter of
1998. "There were no losses to speak of in the second quarter [of 2000],"
Brosnan said. "The absence of past-dues and charge-offs [produced] a credit
quality of over-the-counter derivatives that is noticeably better" than that
seen in most commercial and industrial loans portfolios, he said.

Most banks use derivatives to hedge credit risk, Brosnan said. The current
economic climate, with its relatively large global swings in interest rates,
gives banks added incentive to use derivatives, he said. Even so, less than
5 percent of banks currently use derivatives. But those that do are heavily
scrutinized because of the highly sophisticated nature of derivatives and
their potential to cost banks billions if deals go awry. "We watch banks'
derivative activity to a disproportionate degree," Brosnan said.

Derivative Bills Pending in Congress

Three separate but similar bills are pending in Congress that would offer
more predictability for derivatives market participants if their transaction
counterparties fail.

The bipartisan provisions, which the OCC supports, provide derivatives
greater legal definition. The relevant language appears in pending
bankruptcy reform legislation, legislation to reform the Commodities
Exchange Act, and in a stand-alone bill (H.R. 1161) introduced by House
Banking Committee Chairman James A. Leach (R-Iowa) and passed by the banking
committee July 27. Such legislation would "add certainty" to the U.S.
derivatives market, Brosnan said, and prevent derivatives trading activity
from migrating to other countries that better legally define derivatives.
"If nothing happens [in Congress], it would not be a disaster, but I hope it
would occur," he said.

Report Confirms Trends

The notional volume of foreign exchange derivatives leveled off in the
second quarter at $6.5 trillion. Continuing a trend, interest rate
derivatives rose to a record $31.4 trillion. Since 1997, when banks first
began reporting data on credit derivatives, the notional volume of these
contracts has increased from $55 billion to $362 billion during the most
recent quarter, according to OCC.

Also, there has been a "pronounced and continued shift" in the kind of
derivatives contracts banks use. Brosnan noted that as the volume of swap
contracts has nearly doubled to $21 trillion since the second half of 1998,
the volume of futures and forwards ($10.3 trillion), and options ($7.7
trillion) has all but leveled off during the same period. Brosnan said that
this was due primarily to bank customers' preference for over-the-counter
derivatives contracts such as swaps, which can be tailored to meet a
customer's specific risk management needs.

Other trends include the increasing popularity of one-to-five year equity
contracts, which rose 27 percent in notional amounts. Equity contracts of
less than a year have also become more popular, OCC said.

The OCC's latest quarterly report is available on the agency's Web site at
http://www.occ.treas.gov/ftp/deriv/dq200.pdf.

End of ISDA Press Report for Thursday, September 7, 2000.

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA.  THIS PRESS REPORT IS
NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS
NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.


Brent didn't get much sleep last night and is still under the weather.  He
will be working from home today.  You can get in touch with him via e-mail at
"bhendry@houston.rr.com" or fax him at 832-249-8654.


Ken,  Wanted to check and see if you guys were able to find any pressure data
on Wildhorse for the period of 3 years prior to the Effective Date of the
Gathering Agreement?  I think Jim was going to look and see if he had any
such data.  Thanks.


DELETE IF YOU ARE NOT INTERESTED IN REAL ESTATE.

I am forwarding a link to VERY INTERESTING information from my company's
annual forecast event (see below).? It contains real estate market statistics
from Silicon Valley including rental rates, vacancy, and absorption.? I am
providing this information to fellow students that might be interested in the
real estate industry.? Please be advised that some of the data provided is
proprietary information and needs to be treated accordingly.? Cornish and
Carey Commercial www.ccarey.com is the top Silicon Valley brokerage firm that
in 2000 transacted over 36 Million Square Feet with over $9B in consideration.

If I can answer any questions or be of any help please don't hesitate to
contact me.? (For those of you writing papers for a Real Estate class make
checks payable to the name below.)? If you would like to be regularly updated
on market information please send me your contact information and I will
forward you quarterly updates.

Regards,

Kimberly Gates?

EVMBA 2000

Kgates@ccarey.com

???????

Cornish & Carey Commercial
Oncor International

Information available tomorrow in PDF format

Go to:??? http://www.ccarey.com/forecast/

Enter the following information:

User Name:??? ccarey

Password:????? forecast

Provided by: Kimberly Gates

 <<Kimberly Gates.vcf>>

 - Kimberly Gates.vcf


Not that this is a top priority, but you never know when inspiration will strike.

Workshop
Deal Shop
Energy Shop
Deal Lab
Energy Lab

Russell Murrell
(713) 853-3250


Attached is our nomination form for the Griffith Power Plant for gas day
Tuesday, February 5, 2002.

Please let me know if you have any questions.

Thanks!
MaryAnne Schneider
office #  801-537-3985
cell #    801-580-1466

(See attached file: NOMS_02_05_02.xls)
 - NOMS_02_05_02.xls


Thanks, Ken.  I'm focused on the letter, so it would be very helpful if you
could draft some brief message points and email to me and Karen.  Then the
three of us can bounce them around a  bit before distributing to the larger
group for comment.  Thanks again.

Best,
Jeff

	"Ken Smith" <ken@kdscommunications.com>
	07/10/2001 02:55 PM
	Please respond to "Ken Smith"

		 To: <Jeff.Dasovich@enron.com>
		 cc: "Karen Denne" <kdenne@enron.com>
		 Subject: Messages for Dunn hearing

Jeff, if I can be of any help in developing the messages please let me know.
I'll be around all afternoon.

Ken Smith
KDS Communications
ken@kdscommunications.com
(916) 920-2488


Gather this info when you get a chance and give it to me.  Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/17/2000
10:20 AM ---------------------------

	Enron North America Corp.

	From:  Jeffrey C Gossett                           10/12/2000 02:27 PM

To: Sharon Smith/AA/Corp/Enron@ENRON
cc: Darron C Giron/HOU/ECT@ECT
Subject: Re: August P&L (2nd request)

Sharon -

Darron has taken my position as west controller.  Please send him all future
requests for the west desk.

Thanks

Darron -

Can you forward this to the appropriate book admin?

Thanks

Sharon Smith@ENRON
10/12/2000 02:13 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT
cc:
Subject: August P&L (2nd request)

Please provide the top sheets relating to the following desk:  West Firm,
North West Firm, Central Firm, Texas Intra-Month, and Central Intra-Month.
Additionally, if the primary P&L driver relates to curve shift, please
provide the curve shift reports for five of the largest days.  Thank you
again.

Sharon
5-7346


California Power-Price Boost Not Needed, Agency Says (Update1)
By Daniel Taub

Sacramento, California, July 13 (Bloomberg) -- California regulators won't
need to raise electricity prices for consumers to cover a planned $13.4
billion bond sale, said a spokesman for the agency that buys power on behalf
of the state's utilities.

The California Department of Water Resources, which has spent more than $7.7
billion on power this year, is expected to recommend a rate increase of as
much as 25 percent, Dow Jones reported today, citing three unnamed members of
the state's Public Utilities Commission. Oscar Hidalgo, a spokesman for the
agency, said no rate increase is expected.

``Our folks are stunned by this revelation because it is nowhere near what
our numbers show,'' Hidalgo said. ``In fact our numbers show that there is no
need for any increase beyond what's already been done.''

The Department of Water Resources will submit a report to the California
Public Utilities Commission today or Monday with the state's revenue
requirements for repaying a planned $13.4 billion bond sale, Hidalgo said.
The bonds are to be repaid by customers of utilities owned by PG&E Corp.,
Edison International and Sempra Energy.

The bond sales, the largest municipal offering in U.S. history, are scheduled
to begin in September. Governor Gray Davis has said repeatedly that he
believes the bonds can be repaid without further rate increases. His position
hasn't changed, spokesman Steve Maviglio said today.

Previous Increases

In March, the PUC voted to boost rates by 3 cents a kilowatt- hour at the
state's two largest utilities. Rates at PG&E's Pacific Gas & Electric, the
largest California utility, would rise by as much as 36 percent and Southern
California Edison rates would rise by as much as 27 percent, the PUC said at
the time.

The average consumer-price increase would be 30 percent, the PUC said. The
increase, the second this year, was intended to help the state pay for power
purchases. The PUC voted in January to raise rates about 10 percent.

California Treasurer Philip Angelides has said that the bonds will let the
state cushion the immediate rate impact on residents and businesses by
spreading power costs over time. The debt will be repaid over 15 years.

Investors have said they can't predict how the bonds will be received without
knowing how much cushion is built into the revenue pledge backing the debt.

Legislation that paved the way for the bonds allows the state to raise
electricity rates as needed to cover debt repayment. That pledge, typical for
revenue bonds, usually entails a promise to raise a specific level of money
annually to cover interest and principal payments on the debt and provide an
added cushion.

That formula, known as a debt service coverage ratio, must result in
investment-grade ratings for California's power bonds, according to the
legislation. Investors want assurance that an issuer will raise rates to
maintain the promised cushion, even if increases aren't needed at the time of
the bond sale.


Caroline,
The  original AIG-Bermuda confirms that I did a few weeks ago that were sent
to them had the opinion attached.  They have seen it because they commented
on it.

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

	Caroline Abramo@ENRON
	05/22/2001 07:37 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: AIG

They do not have the document yet.. do they need for the confirm??

   Carol St Clair @ ECT                05/21/2001 06:00 PM

To: Caroline Abramo/Corp/Enron@ENRON
cc: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Radous/Enron@EnronXGate, Sara Shackleton/HOU/ECT@ECT

Subject: Re: AIG

We need the Bermuda law legal opinion.  What is the hold up?

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

	Caroline Abramo@ENRON
	05/21/01 03:33 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Paul Radous/Corp/Enron
		 Subject: AIG

Carol= Paul is OK with raising the cross default amount... can we get out
draft ISDAs to them???? AIG Commodity Arbitrage Ltd. and AIG Commodity Fund
L.P.

Thanks,
Caroline
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 05/21/2001
04:29 PM ---------------------------
   Carol St Clair @ ECT                05/10/2001 09:00 AM

To: Caroline Abramo/Corp/Enron@Enron
cc: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Paul
Radous/Enron@EnronXGate

Subject: AIG

Caroline:
I have received and reviewed their comments.  On the legal front, they are
objecting to the Bermuda law opinion.  We cannot do this without an opinion.
If we need to recommend Bermuda counsel to them we can.  On the credit side,
for AIG Commodity Arbitrage Fund LP they want to increase the cross default
threshold from $1,500,000 to $2,500,000.  Paul, are you okay with this?  I am
okay with their other comments.

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


Attached are the spreadsheets that reflect Q3 YTD and Q4 status as well as spreadsheets for Coal and Crude & Products that list their significant deals with negative MTM value.  Let me know if you want to make any changes.

Brent


http://www.potterybarn.com/cat/pip.cfm?grp=151094&src=schfname%20ion%20nLexi
ngton%20rdes


----- Original Message -----
From: "Bill Marcus" <bill@jbsenergy.com>
To: "Rachel and Barry (E-mail)" <orlins_bergman@msn.com>; "Andrews Family
(E-mail)" <andrews4549@cs.com>; "V. John White (E-mail)"
<vjw@cleanpower.org>; "Sara Myers (E-mail)" <ssmyers@worldnet.att.net>;
"Mike Florio (E-mail)" <mflorio@turn.org>; "Michael Shames (E-mail)"
<mshames@ucan.org>; "Eric Woychik (E-mail)" <estrategy@mindspring.com>;
"Bill Spratley (E-mail)" <wspratley@aol.com>; "Jan McFarland (E-mail)"
<jmcfarland@worldnet.att.net>; "Jim Lazar (E-mail)" <jimlazar@cheerful.com>;
"Jim Caldwell (E-mail)" <tgaljhc@aol.com>; "Savannah Blackwell (E-mail)"
<savannah_blackwell@sfbg.com>; "JA Savage (E-mail)" <honest@compuserve.com>;
"Theresa Mueller (E-mail)" <theresa_mueller@ci.sf.ca.us>; "Matt Freedman
(E-mail)" <freedman@turn.org>; "Jan Hamrin (E-mail)"
<jhamrin@resource-solutions.org>; "Chris Bowman (E-mail)"
<cbowman@sacbee.com>; "Lenny Goldberg (E-mail)" <lga@mother.com>
Cc: <gayatri@jbsenergy.com>; <jim@jbsenergy.com>; <jeff@jbsenergy.com>
Sent: Tuesday, July 17, 2001 1:37 PM
Subject: FW: Money in Politics Alert -- July 17, 2001

> This is ugly.  The generators who have been gouging us are now running ads
> blaming the energy crisis on Gray Davis and the Democratic Party.  And
> Enron's working with folks who are talking about "enviro-leftist
> propaganda".
>
> -----Original Message-----
> From: Center for Responsive Politics [mailto:hbailey@crp.org]
> Sent: Tuesday, July 17, 2001 9:18 AM
> To: Gene Coyle
> Subject: Money in Politics Alert -- July 17, 2001
>
>
> CENTER FOR RESPONSIVE POLITICS
> MONEY IN POLITICS ALERT
> Vol. 6, #24  JULY 17, 2001
> tel: 202-857-0044, fax: 202-857-7809
> email: info@crp.org, web: www.opensecrets.org
> http://www.opensecrets.org/alerts/v6/alertv6_24.asp
>
>
> Power Struggle:
> The Campaign Behind the Bush Energy Plan
>
> By Holly Bailey
>
> As Congress this week moves to take up major elements of President
> Bush's embattled energy policy, members of the administration,
> including Vice President Dick Cheney and Environmental Protection
> Agency chief Gail Norton, fanned out across the country yesterday
> in hopes of increasing national support for the plan.
>
> But public officials aren't the only ones waging a public relations
> battle over what has been described as a policy key not only
> to Bush's success but also to that of congressional Republicans
> in the upcoming 2002 elections.
>
> Corporate America, namely energy companies and trade associations
> representing everything from manufacturing companies to timber
> interests, also have invested plenty of time and money in the
> push for Bush's energy plan.
>
> At least three separate coalitions have launched TV, radio and
> print ads in recent weeks pushing for a new national energy policy,
> one that emphasizes the need to expand domestic oil and gas production,
> pipelines and power grids. Few of the groups mention the White
> House or Bush by name, but their policy wish list includes all
> the major elements proposed by the president.
>
> Perhaps the most prominent group is the Alliance for Energy and
> Economic Growth, a coalition of more than 400 groups including
> chambers of commerce, trade associations, energy companies and
> various other interest groups. Formed in mid-May, the Alliance's
> founding members include the American Gas Association ($630,025
> in soft money, PAC and individual contributions during 1999-2000;
> 55 percent to Republicans); the Edison Electric Institute ($739,378;
> 60 percent to Republicans); the National Mining Association ($508,650;
> 83 percent to Republicans); the Nuclear Energy Institute ($334,716;
> 71 percent to Republicans) and the U.S. Chamber of Commerce ($515,499;
> 94 percent to Republicans).
>
> The group's ads, which feature soft-focus photography shots including
> young children standing with their parents and sailors saluting
> a waving American flag, emphasize that our national security
> could be at risk without a new energy policy. The price tag for
> the Alliance's current ad campaign: at least $1 million, according
> to the Washington Post.
>
> Former Bush campaign advisers are the principals behind two other
> groups. The American Taxpayers Alliance, headed by GOP consultant
> Scott Reed, spent a reported $2 million last month running ads
> pinning blame for the California energy crisis on the state's
> Democratic governor Gray Davis. Reed, who also chaired Bob Dole's
> 1996 presidential race, won't disclose the donors or members
> of his group, but, according to Time magazine, one donor is Reliant
> Energy ($584,606; 87 percent to Republicans). Reliant is one
> of the companies accused by California officials of price gouging.
>
> Meanwhile, Ed Gillespie, a Bush adviser and Washington lobbyist
> whose clients include the energy giant Enron, heads the 21st
> Century Energy Project, a coalition formed to counter "enviro-leftist
> propaganda," according to a press release. The group's nine members
> include mainly conservative groups, led by the American Conservative
> Union ($112,500; all to the GOP). This week, the group reportedly
> is spending at least $500,000 on TV ads promoting the Bush energy
> plan.
>
>


Start Date: 10/18/01; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101804.txt

Error retrieving HourAhead price data - process continuing...


Sorry, Mike.  Just got this.  Will try to turn it around pronto.  Our guy
John Neslage is trying to pull together exactly what you're requesting.
He'll get it to you as soon as we've got it pulled together.

Best,
Jeff

	Mike D Smith@EES
	02/20/2001 10:53 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Current Legislation

Jeff--can you send me asap  a real quick message listing all of the current
"X" legislation that is out there that we are following, along with a brief
description of what each bill is about and whether we support or oppose.
That will help me keep track of the alphabet soup.  Thanks.  MDS


C. Kay Mann

C. Kay Mann is a native of Fort Worth, Texas.  She graduated from the
University of Houston with a bachelor of arts degree and a jurisdoctorate
degree.  She began her practice as a trial lawyer with Hays, McConn, Rice &
Pickering, where she was elected partner in 1991.  In 1992 she joined Fish
Engineering & Construction as General Counsel, later becoming Vice President.
Ms. Mann joined Enron in 1999 as senior counsel for Enron Engineering &
Construction Company (EECC). During her tenure at Fish Engineering and EECC,
Ms. Mann,s practice included project development and financings in North,
South and Central America and Europe. Since early 2000, Ms. Mann has
practiced in the Enron Wholesale Services legal group, focusing on
power-related transactions in the United States.


Start Date: 1/29/02; HourAhead hour: 19;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012919.txt


Mr. Guinn:

Pursuant to Sara Shackleton's request, I am attaching for your review a proposed Second Amendment to ISDA Master Agreement amending the existing amendment to change the Part 4 section references.  Please advise if the attached document is acceptable, and I will have two copies signed and forward to you for execution by Bank of America.  Please do not hesitate to contact us with any questions or comments.

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com


Crude 24X7 WTI Marketing Effort

Trade Count:
 146  Trades
 6.96  Million Barrels
  5  Counterparties Transacting Today
 27 Counterparties Transacting to Date


Mary:
I need to check with David Kistler on point #3, second sentence.  We will do
our best to get you something tomorrow.
Carol


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

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

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

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

Subject: RE: Market Price definition

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

Thanks

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

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

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

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

Subject: Market Price definition

Kay-

Discussions with RW Beck have resulted in the following changes:

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

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

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


Start Date: 1/27/02; HourAhead hour: 22;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012722.txt


Andy,

Please, give me the number of copies and I can order on your behalf at 15%
discount.

Vince

Andy M L Anderson@EES
02/07/2001 10:18 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: clewlow/strickland derivatives book

vince:

do you have an internal person i could go through to obtain  copies of the
derivatives book you showed us at the garp meeting? i am ordering a few
copies for my risk guys.

i look forward to talking with you soon, economist to economist.  thanks, andy


RIGZONE DAILY NEWS -- WEDNESDAY, FEBRUARY 6, 2002
------------------------------------------------------------
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to:
   http://www.rigzone.com/newsletter_show.asp?n_id=216
------------------------------------------------------------


Please print for me on legal size paper.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 05/26/2000 12:15 PM
---------------------------

Rita Wynne
05/26/2000 11:37 AM
To: Sally Beck/HOU/ECT@ECT
cc: Brenda F Herod/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT
Subject: Updated Balance sheet Status Report

Sally,

Per your request during our meeting this morning, attached is the spreadsheet
with the changes we discussed.  Bryce, Lisa and myself will continue to work
on the statistic updates (i.e. number of counterparties, responsible party,
etc.) as we discussed.  If you have any questions, please let us know.


Cheryl:  Will you please respond to this new request.  Thanks.  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/22/2001 03:53 PM -----

	Claude Tellis/ENRON@enronXgate
	02/22/2001 02:52 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: John Godbold/ENRON@enronXgate, Theresa T Brogan/HOU/ECT@ECT, James
Grace/Corp/Enron@ENRON
		 Subject: Selling Dribble of Cynet Stock

Sara,

I work with Enron Investment Partners and would like to set up an account so
that EIP can sell dribble out of its position in Cynet (CYNE.OB).  We
currently hold preferred stock, and intend to convert to common for sale into
the public market. We intend to begin selling dribble in the middle of March,
so I would like to set up the administrative end now.

It is my understanding that I need:

? Your existing templates for setting up a new account.

These documents include:
? Prime Broker Agreement
? Corporate Resolution
? Form W-9
? Trading Authorization
? Authorization to Transfer Funds

Please send this information to me as soon as possible.

Best,

Claude Tellis
Enron Investment Partners
(713) 345 - 5382


This is further to my prior E-mail.  I think we should wait until Bob gets
back to get a more complete answer/perspective.  SWD
----- Forwarded by Steve Duffy/Houston/Eott on 06/21/2000 05:44 PM -----

	"Pena, Carlos" <cpena@velaw.com>
	06/21/2000 03:46 PM

		 To: Steve Duffy/Houston/Eott@Eott
		 cc: "Baird, Bob" <RBaird@velaw.com>
		 Subject: API question

Steve:

My initial read of the partnership agreement is that the cash from the
insurance settlement should be treated as a cash item in the second quarter.
This is based on the definition of "Available Cash" (defined to include "all
cash receipts of the Partnership during such quarter from all sources") and
Section 5.3 (which provides that "Within 45 days following the end of . . .
each calendar quarter commencing with the calendar quarter beginning on July
1, 1994, an amount equal to 100% of Available Cash with respect to such
period or quarter shall be distributed in accordance with this Article V by
the Partnership to the Partners").  My reading is that the settlement money
is a "cash receipt" during the second quarter and must be distributed as
Available Cash.

Bob thought this question deserved a thorough review and was hoping to be
involved in its resolution. Based on his impression from the last meeting,
he thought he would have an opportunity to look at it after his vacation. He
may have some additional thoughts on the analysis, so please let me know how
you would like to proceed.
--------------------------------
Carlos Pena
Vinson & Elkins
Phone:  512-495-8522
Fax:  512-236-3247


Andy,
I know EOL email is far down on the priority list but I wanted to forward the responses to you.  Just about everyone we spoke with gave a positive response.  It looks like our biggest hurdle is getting them to actually complete the information and not just ignore it.  If we ever went forward with this, I would suggest that we use pop up boxes first and then forward a list of the remaining names that we need to the Master User to fill out.

-Dan

Here is a list of the companies and their responses about receiving email updates from EOL:

Company					Response
Kansas City Power & Light			No problem asking for the information as long as it is strictly for our use
Central Hudson Gas & Electric Co.		"
Cline Resources & Development Co.		"
Duke						Sounds great
Vitol						Sounds fine
Coastal						Perfect
Koch						Preferable
BP Canada					No problem with it
Chevron Canada					Would fill out the information
Engage Canada					Said that about 50% of the traders would take the time to give us the info.
TransCanada					They would fill it out
SaskEnergy Inc.				Not too excited about the deal but would consider it
Burlington Resources				Master User actually responded by sending a full list of user names, ids, emails and what they trade.
Unocal						Felt if we sent out a pop up survey about half of his traders would fill in the info.
CMS						Thought most traders would ignore a survey as they feel Enron has too much information about them already.  However, if 						we sent the Master User a form that would assist in a higher level of customer service, he would fill out the information.
BP Amoco					Felt most traders would ignore a survey unless they were forced to fill it out


PG&E is trying to rewrite history.  As I mentioned, the following Advice
Letter requests that the CPUC value hydro at $2.8 billion versus $1 billion
effective June 28, 2000.  We are concerned that the purpose of this maneuver
is so that PG&E can claim the rate freeze had ended at the end of June and
that they can pass on the high cost of energy beginning July to retail
customers versus incurring the shareholder risks. I'm almost surprised PG&E
didn't claim the value effective June 12 -- the day before the high prices
began.  This is disgusting.  PG&E has absolutely no shame!  We'll be making
an all-out effort to keep this from happening.  Hope we can work together.


I will need to leave the office at 5pm tomorrow.  Sara


Tana, the Master Firm Gas P/S Agreement which I forwarded to you earlier is the 3rd last agreement on their list [so I'm not sure what #1 on their list is].  I'm not sure what the 2nd and 3rd agreements on their list are either.

We do, however, have an Interruptible Agreement dated May 26/94 [not on their list] and a Firm (<31 Day) Gas P/S Agreement dated August 1/94 [which is, I think, #5 on their list] with Amoco Canada Petroleum Company Ltd. (now BP Canada Energy Company).  Do you want copies of these agreements?

I don't know what the other agreements are.

 -----Original Message-----
From: 	Jones, Tana
Sent:	Monday, October 29, 2001 3:25 PM
To:	Crawford, Sharon
Cc:	Keohane, Peter
Subject:

 << File: BP Canada Enron contract list.doc >>

Sharon,

BP prepared a list of all the agreements they thought we had in place.  You might want to do a quick check and make sure that you are not missing any Canadian contracts they might have listed on this list.

THANKS FOR YOUR QUICK RESPONSE!


Joe,

It has to be the following week. My mistake.

Vince

Joseph Hrgovcic
03/29/2000 09:36 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Research lunch with Yannis

Vince,

 I've received your message and I'm coordinating with Yannis on the lunch.

Joe


Luke's growing like crazy.  Great to see the update.  Yeah,   the wedding is
getting near and
the plans are pretty much complete.  We're really just having family so the
plans at this point are minimum.

How's everything in California.  Is Lowery showing up on your doorstep every
Sunday at dinner time?  I wouldn't
be surprised.

Did I tell you about the dinner I attended in NY a month ago.  What an
event.  The party included - get this crew -
Bill Ricigliano, Dan Sweetser, Jonathan Counnnn, Richie Moller, Brian Sh.,
and yes, Vincent Lima.  We were
all privey to Moller drinking a 12 oz. glass of fresh piss.  Some things
never change.

Talk to you soon.

Kevin


[IMAGE]

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Bob:

Thanks for the memo and we should discuss in a future meeting dedicated to
form changes.

If we adopt the 2000 Definitions in our Schedule, we will also need to change
the existing reference in Part 6(f)(iii) to "Negotiated Fallback" (to Section
7.5(c)(iv))

Also, the term "Relevant Price" is used in the "Negotiated Fallback"
definition. We should clarify whether we need to retain Part 6(f)(iv) of the
Schedule when using "Negotiated Fallback" or whether we intend that "Fallback
Reference Dealers" be an entirely separate and distinct fallback (i.e. the
4th fallback in our Schedule).

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


Sally:

Below is the detail of what the "extra" housing cost was for Todd Hall that
is to be charged to whatever RC is provided.  If you need to discuss further,
please call me at 55064.  Otherwise, may we have a charge cdode for this
expense?

Thanks,

Jane

---------------------- Forwarded by Jane Allen/HOU/ECT on 05/12/2000 08:40 AM
---------------------------

Tara Rozen
05/12/2000 04:31 AM
To: Jane Allen/HOU/ECT@ECT
cc: Rachel Clifford/LON/ECT@ECT
Subject: Re: Todd Hall

If Todd was unaccompanied, we would have paid o2167 p/m.  The flat he is
occupying is o2817 p/m, difference of o650 p/m. Not sure if this is going to
be relevant enough to the RC. We definitely could have rented the place so it
would not have been left empty.

Let me know if you need anything else.
Tara

	Enron Capital & Trade Resources Corp.

	From:  Jane Allen                           11/05/2000 22:11

To: Tara Rozen/LON/ECT@ECT
cc:

Subject: Re: Todd Hall

Before I speak with Sally, exactly what piece of the housing are we charging
to her RC since he took existing housing?
---------------------- Forwarded by Jane Allen/HOU/ECT on 05/11/2000 04:09 PM
---------------------------

Kim Melodick
05/11/2000 12:28 PM
To: Jane Allen/HOU/ECT@ECT
cc:
Subject: Re: Todd Hall

Jane, Norma has the group now, however, I do believe Sally wants to speak
with you on this issue.

	Enron North America Corp.

	From:  Jane Allen                           05/08/2000 04:15 PM

To: Kim Melodick/HOU/ECT@ECT
cc: Tara Rozen/LON/ECT@ECT
Subject: Re: Todd Hall

I called and left you a message last week.  Do we still need to talk or has
it been resolved?  My new number is 55064.

Jane

Kim Melodick
05/03/2000 12:39 PM
To: Jane Allen/HOU/ECT@ECT
cc: Tara Rozen/LON/ECT@ECT
Subject: Re: Todd Hall

Sally would like to speak to you regarding the differential.  She knows that
Todd had taken residence in accommodations left vacant by Beth Perlman.  She
want ed more clarification on how that would be managed since it was
utilizing an existing space. The RC she provided was Todd Hall's RC#2182.
Please call me at your earliest convenience as I will explain the remaining
details.

	Enron North America Corp.

	From:  Jane Allen                           05/02/2000 08:01 AM

To: Tara Rozen/LON/ECT@ECT
cc: Kim Melodick/HOU/ECT@ECT
Subject: Re: Todd Hall

Kim:

Can you get this for Tara, please?

Jane

Tara Rozen
05/02/2000 03:02 AM
To: Jane Allen/HOU/ECT@ECT
cc: Kim Melodick/HOU/ECT@ECT
Subject: Re: Todd Hall

No, I did not, thanks

	Enron Capital & Trade Resources Corp.

	From:  Jane Allen                           01/05/2000 14:11

To: Tara Rozen/LON/ECT@ECT
cc: Kim Melodick/HOU/ECT@ECT

Subject: Todd Hall

Tara:

Did you ever get the coding for this expense?
---------------------- Forwarded by Jane Allen/HOU/ECT on 05/01/2000 08:10 AM
---------------------------

	Enron North America Corp.

	From:  Jane Allen                           03/17/2000 08:31 AM

To: Sally Beck/HOU/ECT@ECT
cc: Kim Melodick/HOU/ECT@ECT
Subject: Todd Hall

Can we please have the RC that should be charged for the upgrade for Todd's
housing from single to accompanied?

Thanks,

Jane

---------------------- Forwarded by Jane Allen/HOU/ECT on 03/17/2000 08:31 AM
---------------------------

Tara Rozen
03/17/2000 02:58 AM
To: Matt Hatton/LON/ECT@ECT
cc: Lisa McRae/LON/ECT@ECT, Jane Allen/HOU/ECT@ECT
Subject: Todd Hall

Matt

Please can you arrange for Todd Hall, who is coming from Houston to work for
Barry Pearce, to stay at Dolphin Square apartments? Please liaise with him
directly on this.

We have a bit of a complicated costing situation. Barry Pearce will be taking
the cost of the normal one bedrooms at Dolphin Square and Sally is taking the
rest of the cost.

Jane - please provide the costs for Sally's RC.

Thanks
Tara
---------------------- Forwarded by Tara Rozen/LON/ECT on 17/03/2000 08:56
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Jane Allen                           15/03/2000 21:43

To: Tara Rozen/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT

Subject: Todd Hall

Sally has decided to go with the 2 bedroom Dolphin Square accommodations for
Todd.  Please reserve them for March 25th through at least April 15.

Thanks.

Jane


please print this out so that I can understand it
----- Forwarded by Richard B Sanders/HOU/ECT on 05/25/2001 08:04 AM -----

	Vivian Nguyen/ENRON@enronXgate
	05/24/2001 10:12 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Linda R Guinn/HOU/ECT@ECT
		 Subject: April O&M Report

Richard/Linda,

Please let me know if you have any questions.

Vivian
5-3995


Hello, I left a message for David Dupre and he has not called me back.  If
you want to have Matt call Tim Cannon at Sempra that would be fine.  His
phone number is (203) 355-5190.  I don't know why this has been so
difficult.  If I hear from David I will let you know.  I want to know how he
handled these deals in the past.

Thanks,
Melissa
(713) 853-1886

   Kate Symes                12/04/2000 06:31 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Futures Deal w/ Sempra

Just curious - did you ever catch up with Larry Joe Hunter regarding the Long
Term Southwest desk's futures deal with Sempra? I'm wondering if I should
grab Matt Motley before he goes home today to let him know he needs to get a
hold of Tim Cannon about the ADT. Let me know when and if you talk to him.

Thanks,
Kate


http://www.pur.com/index.html
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/22/2000
01:42 PM ---------------------------

jclark@pur.com (Janet Clark) on 06/22/2000 11:54:17 AM
To: vkamins@enron.com
cc:
Subject: Fortnightly On-line

Dear Mr. Kaminski,

This is to inform you that your "Public Utilities Fortnightly" On-line
subscription is now ready for your use.  This on-line service is good for 30
days.

        User name  -  2000208
        Password   -  quality

Thank you.

Janet Clark
Customer Service Rep


On Behalf of Victor Vega


- http://www.financewise.com/risk

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============================================================
22 March 2000

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rminto@risk.co.uk

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>> Site reviews
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Here's an update with the meeting room number - 2303


Jay--Couple notes:

FERC has stated in several orders what it considers "material changes".  You
may want to look at Duke and Consumers procedures to make sure you are Ok
with the interpretations.  Those are some of the orders that I would look to
should a utility try to kick an Enron project out of the queue for a change.

Also, per your comments on No. 16.  I agree with you on "commenced
construction."  What I mean by "commenced" includes the utility purchase of
easements, etc.  I just want to make sure that the Customer is not agreeing
to live with the FERC outcome, unless the Customer tells the utility to
proceed and agrees to be bound by FERC's decision and agrees to pay the
costs.  [[Customer may want to wait to proceed until it sees the FERC
decision.]]  Thanks.

From: JAY DUDLEY/ENRON@enronxgate on 03/18/2001 05:10 PM
To: Christi L Nicolay/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron, MICHELE FARRELL/ENRON@enronxgate

Subject: Re: Draft interconnection procedure

Mary, Christi.

Thanks for your good comments on the draft interconnection procedures.
Attached is a memo addressing your comments.

Michele Farrell will have the pen to make the changes and to supervise the
filing while I'm out this week.

Jay.

-----Original Message-----
Date:  03/16/2001  12:28 pm  (Friday)
From:  Jim Eden
To:  Dave Lamb;  Frank Afranji;  Jack Todd;  MICHELE FARRELL
CC:  Gary Lindland;  JAY DUDLEY
Subject:  Re: Comments on Interconnection Procedures

I agree with Dave.  I'd agrue for 120 if I thought I could get away with it.

>>> Dave Lamb 03/16/01 11:16AM >>>
Frankly, I am more comfortable with 90 days.  Its easier to complete a
project early and send out the info prior to the due date, then to have to go
back and ask for more time.  Depending on the size of the plant and location,
we may be faced with a lot of checking equipment records and field checks to
verify ratings.  I'll ask Gary Lindland how he feels about reducing the time
line.

>>> MICHELE FARRELL 03/16/01 11:02AM >>>
Any feedback on Enron's comments on our draft interconnection procedures that
Jay sent out last night?  Jay and I are trying to get the DC attorneys on the
phone to incorporate some changes.  In particular, Enron wants us to put in a
shorter time for completing the Interconnection Facilities study (60 rather
than 90 days).  Enron says we would still have the flexibility to take longer
if we notify the customer that we need more time.  How do Dave and Jim feel
about that proposal?


hello everyone,

Please prepare and overnight draft contracts per terms of the attached credit
worksheets.

Thanks
brant


On March 9, Susan Flynn sent to Ing. Guillaume Rivron a memo regarding
Process Agent (specifically, CT Corp.) and a form of certificate for Delivery
of Documents.  This was copied to Martin Cassone and Julian Poole, both via
fax.  Susan is out of the office most of this week.  SS

Brent Hendry@ENRON_DEVELOPMENT
03/13/2000 12:49 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:
Subject: Hinisa

What did we agree to send do you remember?
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
13/03/2000 12:19 PM ---------------------------

Julian Poole
13/03/2000 05:40 AM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Hinisa

Brent, did we ever send further documents or papers to the people from
Hinisa/Hidisa after the meeting we had?
I remember we arranged to send them something.

Julian


I am pleased to announce that Jim Reyes has joined the Volume Management
group.

Jim comes to us from the Finance Group at EBS here in Portland.  He will be
spending the next few weeks rotating throught each of the VM  chairs
and familiarizing himself with the responsibilities of those positions.

Please take a moment to stop by and welcome Jim to Enron North America.

Thanks,

Murray O'Neil


P>S>Even though there is arequired prepayment for the work, I believe that
Brian would want to discuss this with bAEP..

	Greg Brazaitis
	01/17/2001 10:23 AM

		 To: Nick Cocavessis/Corp/Enron@ENRON, James R Haden/HOU/ECT@ECT, Eugene
Peabody/GCO/Enron@Enron
		 cc: Brian Redmond/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT, Barbara N
Gray/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT,
Eric Gillaspie/HOU/ECT@ECT
		 Subject: Rio Nogales Power Plant, Seguin, Texas

Pace Global Energy, as agent for Constellation Power has announced that the
fuel pipelines to feed the Rio Nogales Power Project LP, will be built by
Pinnacle Natural Gas.  The project manager for Pinnacle will be Bill Janacek,
a former VP of Operations with Transwestern Pipeline.  The plant is under
construction and the pipeline work will be scheduled shortly.

I have sent Constellation Power an interconnect agreement for Rio Nogales
Power Project which would provide for the interconnection of the new pipe to
Houston Pipe Line near Prarie Lea in Caldwell County.  The agreement is not
yet executed.  I have put in a prepayment for the work as part of the
proposal.  The amount for the interconnect and station is $640,000.  Please
do not perform any work on the project until the interconnect agreement is
executed.


Martha Stewart's Tips for Arkansans

 GENERAL:

1. Never take a beer to a job interview
2. Always identify people in your yard before shooting at them.
3. It's considered tacky to take a cooler to church.
4. If you have to vacuum the bed, it is time to change the sheets.
5. Even if you're certain that you are included in the will, it is
still considered rude to drive the U-Haul to the funeral home.

DINING OUT:

1. When decanting wine from the box, make sure that you tilt the
paper cup and pour slowly so as not to "bruise" the fruit of the vine.
2. If drinking directly from the bottle, always hold it with your hands.

ENTERTAINING IN YOUR HOME:

1. A centerpiece for the table should never be anything prepared
by a taxidermist.
2. Do not allow the dog to eat at the table, no matter how good
his manners are.

PERSONAL HYGIENE:

1. While ears need to be cleaned regularly, this is a job that
should done in private, using one's OWN truck keys.
2. Even if you live alone, deodorant is not a waste of good money.
3. Use of proper toiletries can only delay bathing for a few days.
4. Dirt and grease under the fingernails is a social no-no, as they tend
to detract from a woman's jewelry and alter the taste of finger foods.

DATING (Outside the Family):

1. Always offer to bait your date's hook, especially on the first date.
2. Be assertive, let her know you're interested: "I've been wanting to
go out with you since I read that stuff on the bathroom wall two years ago".
3. Establish, with her parents what time, she is expected back.
Some will say 10:00 PM., others might say "Monday." If the latter is
the answer, it is the man's responsibility to get her to school on time.

THEATER ETIQUETTE:

1. Crying babies should be taken to the lobby and picked up
immediately after the movie has ended.
2. Refrain from talking to characters on the screen. Tests have
proven they can't hear you.

WEDDINGS:

1. Livestock, usually, is a poor choice for a wedding gift.
2. Kissing the bride for more than 5 seconds may get you shot.
3. For the groom, at least, rent a tux. A leisure suit with a cummerbund
and a clean bowling shirt can create a tacky appearance.
4. Though uncomfortable, say "yes" to socks and shoes for that
special occasion.

DRIVING ETIQUETTE:

1. Dim your headlights for approaching vehicles, even if the gun
is loaded and the deer is in sight.
2. When approaching a four-way stop, the vehicle with the largest
tires does not always have the right of way.
3. Never tow another car using panty hose and duct tape.
4. When sending your wife down the road with a gas can, it is
impolite to ask her to bring back beer too.


Get ready.  Beginning in November, electronic pay stubs will be available to all employees who have their paychecks direct deposited into their bank account.  Electronic pay stubs are an easy, fast, and efficient way for you to get your payroll information.  They will also help Enron to realize a considerable savings in time and dollars spent over traditional printed pay stubs.

If you prefer to receive a hardcopy of your pay stub, click on the link below to complete a request form.  This form must be submitted to Payroll by October 15, 2001.  Unless you submit a form your pay stub information will default to electronic viewing.

Please click on the link below.

Name:             THOMAS DONOHOE
Personnel number: P00503344
Phone:            7138537151

If you have questions about electronic pay stubs, please contact Janice Priddy (Payroll) 713-853-7839 or Marie Newhouse (ClickAtHome) at 713-345-4185 or send an email to  Enron.Payroll@enron.com (Enron Payroll in Outlook).

Stay tuned for more details in the coming weeks.

http://etcsurvey.corp.enron.com/wi/p0810709/i.asp?r=21176&s=CTTMRCVC&l=9


OK buddy, here you go.  Let's discuss first thing, before the day gets nuts.

Best,
Jeff


I want to take this opportunity before the transfer of Houston Pipeline Company assets and employees to American Electric Power to thank each of you for your teamwork and success in our years together.

Some of you were here when I joined your company in 1984, but many of you arrived during the Enron era and might not know the full story of my arrival.  I was president of Transco Energy at the time and was probably in line to be the chairman.  I did not expect to ever join another energy company.  Yet the directors of Houston Natural Gas felt like a new management team was needed for their company to prosper in a rapidly changing industry environment.  The quality of people I saw at HNG convinced me that the company would be a good platform from which to make major changes.  And the results over the last 17 years could not have been better.

Houston Pipeline Company has been a major contributor to developing Enron into what it is today.  Your professionalism, ideas, dedication and commitment toward this company have been instrumental in making our success possible.  For this, you will not only be a critical part of Enron's history, but you will also always deserve Enron's gratitude.

I wish you nothing but the very best in your next endeavors, even as I am sure you will not need my good luck wishes.  As always, your professionalism and dedication will be your best allies when facing new challenges and opportunities.

Sincerely,

<Embedded Picture (Metafile)>


Just met w/ Skilling and Whalley.

Var for gas has temp increase of $15MM until next friday (12/15/2000).
Jeff is calling for an executive comm mtg to ask for an additional $40 MM of
corp var until next wed (12/13/2000).

One issue is UK power will be over VAR everyday starting probably thurs or
fri of this week, unless we increase them as well. (They sweep retail deals
into book once a week on this day). This increase only needs to be $2-3-
million.

Fasten seat belts and apply oxygen masks.

Rick


287933 shows Sempra Energy Trading as the counterparty......?

Evelyn Metoyer@ENRON
01/12/2001 09:24 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 287933

Please ch name to TransCanada Power, A Division of TransCanada Energy,
instead of TransCanada Power Marketing

Thanks


Who knows if this is true....

Mike Triem
NA IPAQ & Displays Business Planning
281.927.8586

>> >>
>> >>
>> >> Subject: 602p bill-charge for e-mail -VOTE NO ON Bill 602P!!!!
>> >>
>> >> I guess the warnings were true. Federal Bill 602P 5-cents per  E-mail
>> >> sent.It figures! No more free E-mail! We knew this was coming!! Bill
>> 602P
>> >> willpermit the Federal Government to charge a 5-cent charge on every
>> >> deliveredE-mail.
>> >>
>> >> Please read the following carefully if you intend to stay online, and
>> >> continue using E-mail. The last few months have revealed an alarming
>> >> trendin the Government of the United States attempting to quietly push
>> >> throughlegislation that will affect our use of the Internet.
>> >>
>> >> Under proposed legislation, the US Postal Service will be attempting
to
>> >> billE-mail users out of "alternative postage fees".  Bill 602P will
>> permit
>> >> theFederal Government to charge a 5-cent surcharge on every E-Mail
>> >> delivered,by billing Internet Service Providers at source. The
consumer
>> >> would then
>> >> bebilled in turn by the ISP.
>> >>
>> >> Washington DC lawyer Richard Stepp is working without pay to prevent
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>lost
>> >> revenue, due to the proliferation of E-mail, is costing nearly
>> >$230,000,000
>> >> in revenue per year. You may have noticed their recent ad campaign:
>> >"There
>> >> is nothing like a letter."
>> >>
>> >> Since the average person received about 10 pieces of E-mail per day in
>> >> 1998, the cost of the typical individual would be an additional 50
>cents
>> a
>> >> day
>> >> or over $180 per year - above and beyond their regular Internet costs.
>> >>
>> >> Note that this would be money paid directly to the US Postal Service
>for
>> >> a service they do not even provide. The whole point of the Internet is
>> >> democracy and noninterference. You are already paying an exorbitant
>> >> price for snail mail because of bureaucratic efficiency. It currently
>> >takes
>> >> up
>> >> to 6 days for a letter to be delivered from coast to coast. If the US
>> >> Postal Service is allowed to tinker with E-mail, it will mark the end
>of
>> >> the
>> >> free" Internet in the United States. Our congressional representative,
>> >Tony
>> >> Schnell (R) has even suggested a "$20-$40 per month surcharge on all
>> >> Internet service" above and beyond the governments proposed E-mail
>> >> charges
>> >>
>> >> Note that most of the major newspapers have ignored the story and the
>> >> only exception being the Washingtonian - which called the idea of
>E-mail
>> >> surcharge "a useful concept who's time has come" March 6th, 1999
>> >> Editorial.
>> >>
>> >> Do not sit by and watch your freedom erode away! Send this to E-mail
to
>> >> EVERYONE on your list, and tell all your friends and relatives write
>> >> their congressional representative and say "NO" to Bill 602P.  It will
>> >only
>> >> take a few moments of your time and could very well be instrumental in
>> >> killing a bill we do not want.
>> >>
>> >> Please forward!
>> >>
>> >>
>> >
>> >
>>
>>
>>
>>
>
>
>


Attached please find this weeks summary of the CFTC commitment of traders
data.

Thanks,

Bob McKinney

 - CFTC-NG-11-27-01.doc


Gary - We did not deliver gas to Phillips on Dec. 1.  Also, I am not sure if
the plant was down, but we did not deliver to them on Dec. 2-4.  If you have
any questions, please let me know.

Aimee

	Enron North America Corp.

	From:  Gary W Lamphier                           01/10/2001 08:55 AM

To: Daren J Farmer/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT
cc: Gary W Lamphier/HOU/ECT@ECT
Subject: Re: Meter 1517

Phillips said we shorted them gas on December 1st so they pulled it on
January 1.  Can we verify that we did not deliver 5,00 on Dec. 1?  If that is
the case and this was a firm sale, we owe him some gas at Dec Index less
(.045).  Which is bad!  Let me know what happened in Dec before I can put
this deal out in Jan.

Daren J Farmer
01/09/2001 02:25 PM
To: Gary W Lamphier/HOU/ECT@ECT
cc:
Subject: Meter 1517

Gary,

Have you negotiated a price on this?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/09/2001
02:25 PM ---------------------------
Aimee Lannou   01/02/2001 02:14 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 1517

Daren - meter 1517 has a nom of 0/day for Jan.  It flowed about 5.400 on day
1. This is a valid flow.  Could you please extend the deal from Dec. (deal #
506192) or create a new one?  Thanks.

AL


Dec 2001

Dec 2001 Nymx  5.45 5.45
CNG South/North .45 .52
              ----------   ----------
Total   5.90 5.97

Mar 2001 Nymx  4.86 4.86
Niagara   .50 .50
            -----------    -----------
Total   5.36 5.36

Spread   .54 .61

80%   .432       .488
20%   .108      .122


FYI. All articles that I have sent out regarding the California Power Issue
and national electric deregulation issues are available on the home.enron.com
website or at this link
http://nahou-lnapp01.corp.enron.com/Public_Affairs/CalDereg.nsf/MainHome?OpenF
rameSet . There are also other electric deregulation news articles and some
statements from EPSA on this site that I have not sent out. Please feel free
to check out the site. Currently, we have had close to 2,000 hits on the
site. A new section has been added to the website called Enron Talking Points
and Speeches. This site has not been populated, but as soon as there are
internal documents/speeches/talking points that are available for public
viewing I will place them on the site.

Thanks,

Gavin


----- Forwarded by Richard B Sanders/HOU/ECT on 04/17/2001 09:57 AM -----

Calendar Entry:
Appointment

Subject:
Pan Nat Discussion
Location:

Begins:
Tue 04/24/2001
11:00 AM
Entry type:

Ends:
Tue 04/24/2001
12:00 PM

Time will appear free to others.

Others cannot see any details about this event.

Have Notes notify you before the event.

Categorize:

Description:

__________________

When: Tuesday, April 24, 2001 11:00 AM-12:00 PM (GMT-06:00) Central Time (US
& Canada).
Where: EB3566

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


Ava ran me a list of the people on the phone broadcast.  Sheila, your name is on the list.
	Are you getting phone messages?  She also cleaned up some old names on the list
	and added the new people.

	Who do you guys think would be the best person to have responsibility for updates on
	this list?  Should we make it Ava and Alma with them backing each other up?

	Thanks. Lynn


Michael is sick with some nasty virus.  I'm a bit afraid to commit until he
starts looking better.  Poor kid had strep last week.

Maybe he'll perk up by Thursday, but the doctor says it is a 10 day ordeal.
I bet you would just as soon not be exposed to it.

Kay

From: Carlos Sole@ENRON_DEVELOPMENT on 12/18/2000 07:05 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Thursday Night

How is Thursday night for a family dinner as we discussed.  Lastly, no news
from anyone today on my front.  I'll call Michelle on Wednesday if I don't
hear anything tomorrow.


Mike, this appears to be a very reasonable settlement - proceed on this
basis.  I assume this keeps my number in and around the $600 to $615MM for
the 2000's all in.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/13/2000
03:27 PM ---------------------------

Mike J Miller
09/12/2000 01:55 PM
To: Dick Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  (bcc: David W Delainey/HOU/ECT)
Subject:

Dick,

I have done some more research on the cost versus Peaker Fee issue.  The
numbers from ENA's side lay out as follows:

ENA Payments vs. NEPCO Costs  $4,449,000
ABB Breaker Costs/Estimate to Complete $   720,000
Reduction in Variable Overheads  $3,000,000
IDC on ENA Overpayments   $   200,000
Fixed Overhead Charged to Variable  $   180,000
Westinghouse L.D.'s- Gleason   $1,800,000
Westinghouse L.D.'s- Wheatland  $   500,000
Preliminary Total Reduction
in Project Costs                  $10,849,000

ENA Payments vs. NEPCO Costs:  ENA paid according to pre-determined cash
curves every month.  NEPCO's actual costs appear to be coming in about $4.5
MM less per the audit results that we both reviewed last Friday.

ABB Breaker Costs/Estimate to Complete:  When we met last Friday, there were
$1,459,000 of Open P.O.'s and other items that NEPCO still needed to
investigate and closeout, you have a copy of the detailed schedule prepared
by Amy Spoede.  Of the $1,459,000, there was $720,000 showing as still owing
to ABB for Circuit Breakers at Wilton Center.  ABB has informed ENA that they
have been payed in full for quite some time, thus I believe that this
$720,000 is an accounting phantom that NEPCO needs to clear up.

Reduction in Variable Overheads:  The $3,000,000 in variable overhead
reduction is the number that you offered to cut this cost in our meeting last
Friday.

IDC on ENA Overpayments:  As part of our agreement with EE&CC/NEPCO, ENA
agreed to pay 2000 peaker construction costs based upon cash curves versus
actual invoices.  The cash curves consistently overestimated NEPCO's actual
disbursements, even after quarterly audits and true-ups.  NEPCO currently
owes ENA over $200,000 in IDC at the cost of capital charged by Enron Corp.

Fixed Overhead Charged to Variable:  Some EE&CC/NEPCO personnel coded time
against variable overheads that should have been charged against the
pre-agreed fixed overheads.

Westinghouse L.D.'s:  ENA paid Westinghouse directly for the turbines.  ENA
has held back $3.5 MM of retainage pending resolution of L.D.'s.
EE&CC's/ENA's position is that Westinghouse owes $2.3 MM of L.D.'s ($1.8 MM @
Gleason, $0.5MM @ Wheatland).  The aforementioned L.D.'s are for delivery and
schedule delays at Gleason and Wheatland.  There is an additional $1.0-1.6 MM
of performance L.D.'s for missing heat rate guarantees at Gleason.  ENA will
negotiate the performance L.D. settlement directly with Westinghouse because
the cure will be getting additional MW's in trade against the L.D.'s.
Otherwise, Westinghouse can cure by minor unit modifications and re-test
versus paying cash L.D.'s.  However, the Delivery and Schedule L.D.'s will
still be negotiated by EE&CC.

Peaker Fee Settlement:  Based on our last meeting and additional research, I
suggest the following path to quickly resolve the Peaker fee amount and
payment.  If EE&CC will take over the risk/reward of the Delivery & Schedule
L.D. issue with Westinghouse, then ENA will recharacterize the amounts
detailed above as Peaker fee payment.  If EE&CC is successful in keeping all
the Schedule L.D.'s from Westinghouse, then it would have a $10.85 MM fee
versus $9.2 MM.  EE&CC only needs to keep $650,000 of the $2.3 MM of
Westinghouse Schedule L.D.'s to have a $9.2 MM fee.

Please let me know how you would like to proceed from here.

Regards,

Mike J Miller