Jarek,

Bardzo ciekawe.

Wicek

Jarek Astramowicz   04/17/2000 10:09 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Enron in Europe: Emerging Europe: Enron Plugs On in Poland --- Power
Market's Vast ...

Vicek - sadzilem, ze moze bedziesz chcial to przeczytac.

Pozdrowienia - Jarek
---------------------- Forwarded by Jarek Astramowicz/WAR/ECT on 2000-04-17
17:15 ---------------------------

Iona Maclean
2000-04-13 08:23
To: Jackie Gentle/LON/ECT@ECT, Eric Shaw/LON/ECT@ECT, Jarek
Astramowicz/WAR/ECT@ECT, Brian Stanley/EU/Enron@ENRON, Philip
Davies/LON/ECT@ECT, Ed Cattigan/EU/Enron@ENRON, Nigel
Beresford/EU/Enron@ENRON, Andrew Morrison/LON/ECT@ECT
cc:
Subject: Enron in Europe: Emerging Europe: Enron Plugs On in Poland --- Power
Market's Vast ...

---------------------- Forwarded by Iona Maclean/LON/ECT on 13/04/2000 07:23
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  djcustomclips@djinteractive.com                           13/04/2000
07:30

Please respond to nobody@mail1.djnr.com
To: 96939@mailman.enron.com
cc:  (bcc: Iona Maclean/LON/ECT)

Subject: Enron in Europe: Emerging Europe:    Enron Plugs On in Poland
---    Power Market's Vast ...

Emerging Europe:
Enron Plugs On in Poland
---
Power Market's Vast Potential Holds Allure, But an Uncertain Future
---
After Six Years, Profit From Company's Power Operations Remains Years
Away
By Elizabeth Williamson

04/13/2000
The Wall Street Journal Europe
9
(Copyright (c) 2000, Dow Jones & Company, Inc.)

  NOWA SARZYNA, Poland -- From a small power plant humming among the
birches near the Ukrainian border, Enron Corp. has staked its claim on
the Polish energy market.

   Yet after six years, the company is still seeking a mother lode.
   The Houston-based energy producer and trader entered Poland in 1994,
nabbed one of the first power-trading licenses to go to a foreign
company and began work on Elektrocieplownie Nowa Sarzyna, Poland's first
new, foreign-operated heat-and-power plant.

   Other companies followed, including Electricite de France, RWE AG of
Germany, Vattenfall AB of Sweden and Tractebel SA of Belgium.

   The prize could be a rich one. All of these companies hope to profit
as Poland sells its state energy assets and frees prices before joining
the European Union.

   A wholesale power bourse is due to open in Warsaw in July. And the
country's transmission links to markets East and West could make Poland
the power-trading hub of Central Europe.

   But after six years in Poland, Enron has yet to earn a profit. Net
income from Nowa Sarzyna, which is to begin commercial production later
this month, is at least five years away. Power-trading operations might
generate profits next year, if the new bourse gets moving. But that is
"one big question mark," says Jarek Astramowicz, Enron Poland's
president.

   Indeed, despite its promise, Poland's energy sector remains a
sizzling tangle of aging plants, archaic market agreements and complex,
shifting regulations.

   Enron, with $40 billion (41.69 billion euros) in annual revenue, is
an innovator and an investment bellwether for its peers. But in a power
market as negatively charged as Poland's, the company also is an example
of how shaky market conditions can keep even the savviest competitors
offline.

   "These are very large operations and to some extent they can bear
some risks," says Pawel Kaminski, energy-sector operations officer at
the World Bank in Warsaw. "But eventually they have to generate some
return."

   Enron pioneered wholesale gas and electricity trading in the U.S. It
entered Europe in 1989, setting up in London as the U.K.'s energy sector
liberalized. It entered the Nordic market in 1996, and today is the Nord
Pool's largest-volume trader.

   Enron says it takes about two years to find a site and obtain permits
for a power plant, and a further 29 months for construction.

   Just four years after entering the U.K., Enron finished its
1,875-megawatt Teesside plant. Teesside's capacity and cost, at GBP 795
million (1.32 billion euros), are many times larger than Nowa Sarzyna's.
Yet Teesside was completed in only two-thirds the time. The company
declines to compare development times in various countries.

   "I wouldn't necessarily put Poland into the same category as Russia,"
says Philip Davies, regulatory and government-affairs manager at Enron
Europe in London. "But obviously, given Poland's (planned economy) past,
it probably takes a bit longer to work through the regulatory process
and get to the starting point."

   At Nowa Sarzyna, it took Enron nearly twice the usual time to reach
the starting point, even though Mr. Astramowicz already knew the site,
and the Polish power industry's rules.

   The Nowa Sarzyna plant was Mr. Astramowicz's brainchild, and he
burned out the engine in his first BMW as he traveled between Warsaw and
the town to craft the deal. A freelance energy-sector entrepreneur
before joining Enron, Mr. Astramowicz sold his interest in Nowa Sarzyna
to Enron in 1998.

   Enron has spent $132 million to build Nowa Sarzyna, a 116-megawatt,
gas-fired combined heat-and-power plant. Quiet, clean and efficient, the
plant stands in stark contrast to most of Poland's belching, coal-fired
behemoths. When it starts up this month, it will sell its electricity to
the Polish Power Grid, the country's high-voltage network, under a
20-year power-purchase agreement, or PPA, that Enron won in 1997. Steam
output goes to Organika, the chemical company next door, and helps heat
the town of Nowa Sarzyna.

   The Nowa Sarzyna plant is more than 80% financed by commercial-bank
loans for which the only collateral is the plant's concluded contracts.

   "They were betting on their good name," says Michael Davies, a
partner with Allen & Overy, the Warsaw law firm that advised Enron
Poland's lenders. "They are pushing envelopes all the time."

   That is especially true in a market with 30% overcapacity, where an
energy law didn't even exist until 1997.

   Says Peter Bisztyga, emerging Europe utilities analyst at Solomon
Smith Barney in London: "Because Enron signed a PPA, they are OK . . .
(but) I'm really not sure building Nowa Sarzyna was such a good idea."

   Mr. Bisztyga says Enron could have generated a faster return by
renovating an existing power plant. But, he acknowledges, Nowa Sarzyna
"allowed Enron to get into the Polish market early and stamp their name
on it."

   In 1994, Polish power plants weren't for sale. Energy asset
privatization, discussed for years, began in earnest only this year. By
2002, the Polish government proposes to sell off stakes in dozens of
power plants, 33 distribution companies and the Polish Power Grid, a
12,000-kilometer national transmission network of high-voltage lines.
The assets have a total book value of 33 billion zlotys (8.4 billion
euros), but murky regulations have driven prices down.

   "The regulations don't promote competition and so you don't really
know the price of electricity," says Bengt Wegemo, president of
Vattenfall Poland. Earlier this year, Vattenfall paid $235 million for
55% in Warsaw-based Elektrocieplownie Warszawskie, promising $340
million in investment in the heat-and-power plant over the next 10
years.

   Investors hope the new power market will bring clarity over pricing.
Ultimately, 170 licensed energy traders and 200 large power users will
trade on the bourse, setting the wholesale price of electricity. The
Polish bourse will be modeled on its Nordic counterpart. Enron, the Nord
Pool's largest trader, hopes to post Polish trading profits by 2001.

   But first, say market experts, Poland's 1997 energy law must be
amended to ease functioning of the bourse, and free up access to
Poland's distribution network.

   Further, the government says it must solve the competition problem
posed by the Polish Power Grid's power-purchase agreements, which
account for 70% of energy sales in Poland. Some state-owned plants used
the agreements as collateral to secure modernization financing. When
prices are freed, these plants might go bankrupt if forced to compete
with plants that didn't spend money to modernize.

   The government is contemplating a special fund to compensate the
modernized plants for their extra costs. Though Nowa Sarzyna is a
private plant, the price Enron must charge for its power is about twice
what outmoded plants charge.

   "We are hoping that continuous, efficient operation of the plant will
generate us a (bigger) profit," Mr. Astramowicz says.

   Another problem is cross-border power trading, where contradictory
legislation essentially gives a monopoly to the Polish Power Grid, also
known as PSE. Enron and others protest that PSE shouldn't compete with
electricity-market participants who contract with it for transmission
service.

   PSE intends to stay in the trading business, says Marek Zerka, PSE's
vice president. In late March, PSE and local company Kulczyk Holding
signed an agreement with PreussenElektra AG of Germany to export
electricity and coal to EU countries via Germany.

   "This is great news," Mr. Astramowicz says. "If this joint venture
gets access to PSE's cross-border transmission capacity . . . I would
expect PSE to confirm open access to all market participants."

   Enron and others are pushing hard for that access. "As soon as the
market becomes open, free and non-discriminatory, we will come out at a
decent profit," Mr. Astramowicz says.

Folder Name: Enron in Europe
Relevance Score on Scale of 100: 78

______________________________________________________________________

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

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


Nora, thanks for the information.  As new issues come up, please copy Mark
Taylor.  Thanks for your help.  Mark


The system has been repaired.

Dave

-----Original Message-----
From: Steiner, David
Sent: Monday, December 10, 2001 6:58 AM
To: DL-Portland World Trade Center
Subject: Voicemail having problems

We are experiencing problems with the voicemail system.  PGE has Qwest working on it now.  I will follow up with status when it is repaired.

Dave


Greetings from Amazon.com.

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- 12_21_01LO.xls
 - 12_21_01GO.xls
 - 12_21_01OH.xls


Jeff,

Below is the link you require for the full trading game which we originally developed to enhance our A&A recruitment, there is also an Origination / Modelling exercise.

http://enrontradinggame.corp.enron.com/

The demo lasts for 4 minutes, the full exercise lasts 24 minutes.

We will in the next Quarter role out Trading Game 2 a totally interactive exchage for up to 10 people.  Whilst the first one was used as a recruitment tool, this one we anticipate using for training purposes too.  Here is a test site for it.  To make it fun you really need 4/5 people to play, it takes about 10-15 minutes.  It has the capability that we could, with further development, load scenario players - Bullish / bearish, different trading strategies etc.

http://207.21.194.106/enron2

I was hoping to launch it with a bit of a splash by sending out a note on Global Flash inviting people to log on at a certain time and having heavy weight traders to play with people like yourself, John, Greg, Joe, - with a prize for the best score, you never know what talents we could uncover! Maybe if you like it, you would volunteer your services?

Let me know what you think.

Regards

Sophie

Sophie Kingsley
HR Manager - EEL Commercial
Enron Europe Limited
Enron House, 40 Grovesnor Place,
London SW1X 7EN
Tel: + 44 207 783 7975

For urgent assistance please call Georgina Simpkin,
Tel: +44 207 783 5207

 -----Original Message-----
From: 	Philpott, Charles
Sent:	13 June 2001 16:33
To:	Shankman, Jeffrey A.
Cc:	Kingsley, Sophie; Lynch, Drew; Paskin, John; Burchett, Martin
Subject:	Trading Simulation Program - London Contact

Jeff,

Thank you very much for sharing your views of EGM with the HR community and new hires yesterday.

At the meeting, you asked if I could get you the name of the contact in London for the trader simulation tool that I tried out when visiting their office earlier this year.

Sophie Kingsley (011 44 20 7783 7975) is the contact.

Let me know if I can be of any further assistance.

Regards,

Charles Philpott
Compensation Project Manager
HR Global Information Management

 -----Original Message-----
From: 	Burchett, Martin
Sent:	Wednesday, June 13, 2001 9:12 AM
To:	Paskin, John; Grigg, Robert
Cc:	Philpott, Charles
Subject:	RE: Trading Simulation Question

John / Charles

There is a new version of the Trader game that is due to be released very shortly, Sophie Kingsley is the contact for this.

Regards

Martin

 -----Original Message-----
From: 	Paskin, John
Sent:	13 June 2001 14:38
To:	Burchett, Martin; Grigg, Robert
Cc:	Philpott, Charles
Subject:	FW: Trading Simulation Question

Guys

I recall this very, very vaguely - isn't it an online application tool with some tests for the applicants ?  I think it was developed by a third party but can't remember ?   In any case, if either of you have any knowledge of this app, or who to speak to, please could you let Charles know ?

cheers

John

 -----Original Message-----
From: 	Philpott, Charles
Sent:	13 June 2001 14:16
To:	Paskin, John
Subject:	Trading Simulation Question

Good afternoon Mr. Paskin,

I hope all is well in your part of the world.  We're doing alright here.  I'm still focusing on GCS enhancements (ala PhaseII) but am also working to expand my knowledge of the company and what we do.

Yesterday, I attended a talk given by Jeff Shankman (COO of EGM).  He discussed a good deal about the business and the constant needs for new talent within their group.

During the Q&A that followed his discussion, I asked him about tools that might be helpful in identifying trader candidates and recalled to him a "Trader Simulation" I was allowed to try out on my last trip to London.  He was very interested and asked me who to contact about getting access to it.  I told him I would find out.

Now to the point of my letter:  Can you direct me to the contact person for the trader simulation?

I would very much appreciate your assistance on this.

Regards,

Charles


I am Asst. Gen. Counsel---Litigation Manager at Enron North America. As the
title implies I am in charge of all litigation in N. America . I also have
responsibility for litigation in Europe. This job carries great
responsibilities. Since I arrived in Jan of 1998, the stock has appreciated
more than 100%. Need I say more. In this job I am also, on occasion,when the
mood strikes her, allowed to ask irrelevant questions to Carrin Patman about
how she is conducting our litigation. Suggestions are strictly off limits.
I have several recollections--- Who can forget Richard Royd's 7am  breakfast
meetings to answer associate questions. There was a meeting at 7 but there
was no breakfast served and no questions answered. Sample question: "Richard,
why does every firm other than Bracewell have free sodas" Response: "I'm glad
you asked me that question but first let me tell you about the Bejing office"
What about the Oscar Madison/ Felix Unger pairing of Bruce Feitchinger and
Skip McBride.Skip should have known better----when he first interviewed
Bruce,they  met at Kenneally's Irish Pub.    Personally,since I left the firm
we have had another son,Matthew,age 11months. Julie has gone back to school
to get her Montessori teaching certification to be able to teach at Post Oak
School.


seeing no increase in physical demand from industrials.  however, they cant
buy enough paper.  energy customer deal flow has a conspicuous habit of
buying high and selling low.  seeing virtually no producer selling.  strip
will continue to be well supported through early spring.  last year customers
sold all the way up, transferring their price risk to marketers and specs.
market for most part was very orderly move up during the summer.  volatility
was in the pukes because everybody was long.  now, customers are all buying.
move down should be orderly as is met with a lot of short covering from trade
and volatility should come from short covering moves like today's.
market waiting to see those first two injection numbers.  if we are beating
last year by 20 bcf, lights out.  move down may also scare producers to do
some term selling, putting pressure on whole curve.

slafontaine@globalp.com on 03/20/2001 03:21:41 PM
To: John.Arnold@enron.com
cc:
Subject: Re: SCS Daily Volatility Report as of 3/19/01

maybe yur rite but 47% for sep  still over  valued. ive ve been buying deep
otm
(jun and july 4.00 strikeputs as well. collpse in oil curve gives me a little
more confidence eventually we follow.but agree its a little early.i say we
draw
this week 30 ish, lhand next week a small draw then builds-and if im rite shud
be substantial from there. i was long twice near 5 bucks but saw no rally so i
sold for nothing-shit-no patience
    any indication industrial demand on the rise from the cxustomer side?
certainly numbers /withdrawels suggest not.. the weather has been lousy for
the
shotrs-cudnt be more construcictve-cold east hot west-terrific. but while the
ranks are bullis/concerned over californication-those fukkers are outta gas
and
power anyway shud be more of an east west issue than anything-they conitue
ultimate px/economy  destruction-in a way bearish.
think mite be worth going long straddles in a week or so
regards

John.Arnold@enron.com on 03/20/2001 04:06:55 PM

To:   Steve LaFontaine/GlobalCo@GlobalCo
cc:
Fax to:
Subject:  Re: SCS Daily Volatility Report as of 3/19/01

heffner how?
was pretty long coming into today just playing the range.  sold everything
on the way up.  will be s scale up seller probably through options.
certainly a short squeeze in trade today and i don;t think anything changes
tomorrow except maybe trade gets more confident in the short at the higher
level and if cash rejects higher prices.
will be buying lots of puts on the way up so i guess for me vol is not too
high.  i was short vol and covered it all this morn.  think we could be in
for some turbulence here

slafontaine@globalp.com on 03/20/2001 10:48:43 AM

To:   jarnold@enron.com
cc:
Subject:  SCS Daily Volatility Report as of 3/19/01

vol seems rich here for ngas no/ what do we do here with flat price? how
was
cabo?
---------------------- Forwarded by Steve LaFontaine/GlobalCo on 03/20/2001
11:48 AM ---------------------------

Scsotc@aol.com on 03/20/2001 08:18:54 AM

To:   Scsotc@aol.com
cc:    (bcc: Steve LaFontaine/GlobalCo)
Fax to:
Subject:  SCS Daily Volatility Report as of 3/19/01

The attached report will be downloaded into microsoft word.

Have a nice day.

Regards,

SCS

   S.C.S. Straddle Report for CL as of 3/19/2001
                      Option         Future
      Month  Strike     Set    Vol     Set
OTMP           2200       1  159.2
 STD  APR01    2650      40   50.0    2674
OTMC           2700      10   55.5

OTMP           2500      45   39.5
 STD  MAY01    2700     228   37.2    2692
OTMC           2900      43   37.4

OTMP           2450      66   38.9
 STD  JUN01    2700     315   36.4    2699
OTMC           3000      57   36.2

OTMP           2450      87   36.9
 STD  JUL01    2700     370   35.3    2698
OTMC           3100      63   36.1

OTMP           2400      99   36.6
 STD  AUG01    2700     423   34.9    2683
OTMC           3150      72   35.6

OTMP           2350     108   36.7
 STD  SEP01    2650     458   34.4    2664
OTMC           3200      75   35.0

OTMP           2300     116   36.7
 STD  OCT01    2600     488   33.8    2642
OTMC           3200      83   34.2

OTMP           2300     131   36.0
 STD  NOV01    2600     512   33.7    2620
OTMC           3200      90   34.2

OTMP           2250     131   35.3
 STD  DEC01    2600     527   32.6    2597
OTMC           3200      94   33.3

OTMP           2200     130   34.9
 STD  JAN02    2600     570   33.5    2574
OTMC           3000     139   32.9

OTMP           2200     140   33.7
 STD  FEB02    2550     535   30.3    2551

OTMP           2100     148   31.5
 STD  JUN02    2450     560   28.6    2456
OTMC           3300      84   30.4

OTMP           2000     163   28.7
 STD  DEC02    2350     612   27.9    2328
OTMC           3000     115   27.4

OTMP           1900     174   25.1
 STD  DEC03    2250     628   24.9    2198

   S.C.S. Straddle Report for HO as of 3/19/2001
                      Option         Future
      Month  Strike     Set    Vol     Set
 STD  APR01    7000     368   41.8    7038
OTMC           7400      80   47.4

 STD  MAY01    7000     645   35.9    6885
OTMC           7500     128   38.4

 STD  JUN01    7000     816   34.2    6870
OTMC           7700     134   34.2

OTMP           6800     425   33.9
 STD  JUL01    6900     988   34.1    6910
OTMC           8000     188   37.4

OTMP           6800     462   33.6
 STD  AUG01    7000    1105   33.9    6965
OTMC           8200     209   36.4

OTMP           6600     409   33.9
 STD  SEP01    7000    1236   33.9    7040
OTMC           8900     184   37.8

OTMP           6600     431   33.9
 STD  OCT01    7100    1348   33.9    7110
OTMC           8800     251   37.3

   S.C.S. Straddle Report for HU as of 3/19/2001
                      Option         Future
      Month  Strike     Set    Vol     Set
OTMP           8400      97   42.6
 STD  APR01    8700     467   42.7    8743
OTMC           9200      84   44.3

   S.C.S. Straddle Report for NG as of 3/19/2001
                      Option         Future
      Month  Strike     Set    Vol     Set
OTMP           4750      46   47.8
 STD  APR01    5000     305   48.4    5035
OTMC           5250      76   50.1

OTMP           4600     122   48.1
 STD  MAY01    5050     612   47.0    5062
OTMC           5750      95   47.9

OTMP           4550     178   47.5
 STD  JUN01    5100     802   46.3    5092
OTMC           5950     147   48.0

OTMP           4500     219   47.2
 STD  JUL01    5150     990   47.4    5132
OTMC           6200     192   49.3

OTMP           4450     241   46.1
 STD  AUG01    5150    1118   46.7    5152
OTMC           6500     195   48.6

OTMP           4400     291   47.1
 STD  SEP01    5150    1267   47.7    5132
OTMC           6500     256   49.4

OTMP           4250     281   47.5
 STD  OCT01    5150    1393   48.7    5137
OTMC           6000     434   50.7

OTMP           4500     379   47.1
 STD  NOV01    5250    1470   48.2    5257
OTMC           7500     284   54.4

OTMP           4500     388   47.0
 STD  DEC01    5450    1661   48.4    5377
OTMC           6750     451   50.8

 STD  SEP02    2700    2003   42.2    4519

 STD  DEC02    2950    2131   44.4    4730

OTMP           2700     141   37.6
 STD  MAR03    2750    1928   37.6    4459
OTMC           4750     410   48.2

:


How did it turn out with Francisco?    Mark

	Bruce Lundstrom@ENRON_DEVELOPMENT
	02/21/2001 05:38 PM

		 To: Mark E Haedicke@ECT
		 cc: John Novak/SA/Enron@Enron
		 Subject: Francisco Pinto-Leite

Mark -

Given that South America legal resources are stretched thin, we will be
checking with Francisco to see if he has time to pick up Columbia.  He knows
it well and I don't believe that it will be particularly time-consuming for
him.  But it would help free up Miguel Mendoza a bit for other South America
matters.

I will expect Francisco to be cognizant of his other Wholesale obligations in
saying "yes" or "no."

Bruce


Greg,

I know this has been a tough couple of weeks for you but I thought I would drop you a line and share my impressions:

1). This deal is an ideal opportunity to merge back and mid office support platforms. We have discussed this many times and EnronNetworks was practically set up for this (CommodityLogic et al...)

2). I don't know what you folks have in mind but I could see leaving ENE's market making and trading structure intact and having DYN's asset-based trading be just another business unit like EES was. but the key is the tremendous cost savings of the common support platform.

I don't mean to be presumptuous but I hadn't talked to you in a while and wanted to get it off my chest.

Good luck,
Andy


This request has been pending your approval for  33 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000057285&Page=Approval to review and act upon this request.

Request ID          : 000000000057285
Request Create Date : 8/30/01 5:59:30 PM
Requested For       : erik.simpson@enron.com
Resource Name       : Market Data Kobra Basic Energy
Resource Type       : Applications


Garner and Glenn for T.D. ?


Applied Finance - May 31-June 1, 2001
in EB552   Cost:  $700.00

The objective of this program is not to teach you how to do a deal, but
rather, to give you a better understanding of how basic financial principals
contribute to the structure of a deal.    It will also provide you with
insight to Enron deals in order that you can make a contribution to the work
that goes into putting one together.

When you leave the program, you will have:

R An understanding of basic financial and accounting issues relevant to
Enron's transactions.
R A basic understanding of how Enron structures deals - the "deal space" and
how the financial principals discussed  relate to  Enron deals.
R The ability to take the financial principals and apply them to an Enron
deal.

Please login and enroll through the InvestInMe website,
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please call 713 853-0357.


Attached is the Sullivan & Cromwell backghround memo.

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

 - gpm5177.pdf


That's fine.  We don't keep particularly careful track of these things but
pretty much estimate the percentages on a quarterly basis.

	Francisco Pinto Leite@ENRON_DEVELOPMENT
	01/03/2001 04:13 PM

		 To: Mark Taylor@ECT
		 cc:
		 Subject: My time - Suggestion

Mark:

A suggestion.  I assume that whatever time I spend working for Global Assets,
you will be charging back to the Global Assets group.   To keep things easy,
I will be happy to let you know as often as you need the percentage of my
time spent with the Global Assets group.   If you have other plans please let
me know and I will be happy to do whatever is necessary to keep this simple
and easy.

FPL


I remember.  Thanks

 -----Original Message-----
From: 	Maddox, Lori
Sent:	Monday, September 24, 2001 9:31 AM
To:	Geaccone, Tracy
Cc:	Botello, Mary
Subject:	RE: FW: 2002 Restricted Stock Allocation

He may participate but when Dana came to work at EOTT it was agreed that Enron would retain any of those costs.  In fact, we had to get Rod help us with Corporate this year because they tried to bill us for some of these costs in 2001.


Teco Tap       47.500 / Enron


Jeff,

Attached is the first draft of the first organization announcement.  Please
add your changes, ideas and corrections and return to me.  Once you have
provide comments, I'll send to sally and Brent to make sure all of the that
part is accurate.  Also I have a call into Jere confirming the move on the
Corp insurance piece.  I didn't but in anything about Cindy Skinner, go ahead
and add that as well.

Please don't hesitate to make wording changes.  I don't have any pride of
authorship here.

Thanks,
mike


In order to ensure adequate, consistent legal review of on-line terms and
conditions governing use of third party electronic trading platforms, you
must have all registration documentation (including, for example, password
applications and access agreements) approved by the On-Line Trading Legal
Contact before such documentation is submitted or executed.  Any document
that requires acceptance by "clicking" should be treated like any other
legal document.  You are not authorized to accept any such click agreement
without written approval of the On-Line Trading Legal Contact.  In
addition, the On-Line Trading Legal Contact must review and approve all
product descriptions and other on-line terms and conditions applicable to a
product before a password may be used to trade that product on a third
party electronic trading platform.  Accordingly, before any master user or
subuser uses a password to trade a product, he or she must confirm that the
On-Line Trading Legal Contact has approved all applicable product
descriptions and terms and conditions applicable to such product.

   The  current  On-Line Trading Legal Contact is Mark Greenberg (extension
58897) (or in his absence, Mark Taylor (extension 37459)).


What if we purchase the switch from a 3rd party, i.e. CES?  How would that affect your 1st 2 bullets?

 -----Original Message-----
From: 	Rimmer, Todd
Sent:	Tuesday, October 23, 2001 2:59 PM
To:	Mann, Kay; Raab, Eric
Subject:	USTeleNet Transaction

Just to follow-up on our discussion yesterday regarding the accounting treatment assuming that USTeleNet owns the switch and that we purchase the switch and lease it back to them under a "capital" lease, the following would occur:

The asset would stay on their books (however it would be "marked-up" to FMV as evidenced by the purchase price)
They would defer the gain, if any, over the asset's life.
They would record a payable on their balance sheet and recognize interest expense in their P&L as payments are made
We would record the payment of cash to them and book a receivable and deferred interest income (to be recognized over the lease term)

Essentially we are lending them money equal to the FMV of their asset and receiving interest payments in return (i.e. direct financing lease)

I would be happy to go into more detail at your request.  Please let me know as issues develop and I will assist as necessary.

Regards,

Todd Rimmer
Director - EWS Transaction Support
Phone - 713-345-2803
Fax - 713-646-3347
Cell - 713-560-6493


Yeah, they are in our spare closet.  That has been the extent of their use
for the past few years.  Just holding up boxes of crap.  I have actually be
looking for some good musicians to jam with, but i guess you will do :)
Anyway, we need to hook up again.  Maybe at Keneally's?  What are you doing
this Thursday?
-Kevin

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Friday, January 19, 2001 1:39 PM
To: KJurica@syntexsolutions.com
Subject: RE: Hello!

I do play guitar, but I am really still just learning.  I can play bit and
pieces of various songs.  Might be fun to attempt to jam together anyway.
Are your drums here in Houston?

                    Kevin Jurica

                    <KJurica@syntexsolu        To:
"'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>
                    tions.com>                 cc:

                                               Subject:     RE: Hello!

                    01/17/2001 07:46 AM

It's going great!
I told my folks as well and they were pretty surprised.  Houston has been
good to us so far.  Although I have been working my butt off, so I haven't
seen much of it.  I heard you play the guitar.  We could have a little
partridge family band because I play the drums.  Anyway I have been itching
to play for about 3 years (I have been in apartments for that long), so we
should get together and jam if you are interested.
I'll talk to you later,
-Kevin

 -----Original Message-----
From:     Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent:     Tuesday, January 16, 2001 5:26 PM
To:  kjurica@syntexsolutions.com
Subject:  Hello!

Hey Kevin,  How is it going cousin?  Found the napkin that you left your
email address on at Kenneally's.  Man, I really was loaded by the time I
left that place.  I went down to CC the next day and told my parents we had
met.  They said they had just been at your wedding not to long before
Christmas.  Small world!

How's Houston treating you?  Been back to Kenneally's since?  Drop me a
line when you get a chance.

Gerald,


Mr. Roll, we are in receipt of your e-mail.  Katherine Brown will circulate
as appropriate tomorrow.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

"Mitch Roll" <mroll@rollintl.com> on 01/04/2001 05:34:43 PM
Please respond to "Mitch Roll" <mroll@rollintl.com>
To: <jeff.skilling@enron.com>
cc: <Katherine.brown@enron.com>

Subject: EVP Candidate Introduction Sheet

BODY { FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times Roman" } UL {
FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times Roman" } OL { FONT-SIZE:
14pt; COLOR: black; FONT-FAMILY: "Times Roman" } DIR { FONT-SIZE: 14pt;
COLOR: black; FONT-FAMILY: "Times Roman" } MENU { FONT-SIZE: 14pt; COLOR:
black; FONT-FAMILY: "Times Roman" } DIV { FONT-SIZE: 14pt; COLOR: black;
FONT-FAMILY: "Times Roman" } DT { FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY:
"Times Roman" } DD { FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times
Roman" } ADDRESS { FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times Roman"
} BLOCKQUOTE { FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times Roman" }
PRE { FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times Roman" } BR {
FONT-SIZE: 14pt; COLOR: black; FONT-FAMILY: "Times Roman" } P { FONT-SIZE:
14pt; COLOR: black; FONT-FAMILY: "Times Roman" } LI { FONT-SIZE: 14pt; COLOR:
black; FONT-FAMILY: "Times Roman" } H1 { FONT-SIZE: 14pt; COLOR: #660000;
FONT-FAMILY: "Times Roman" } H2 { FONT-SIZE: 12pt; COLOR: #660000;
FONT-FAMILY: "Times Roman" }
?

Roll International Logo

Dear Mr. Skilling:

Your assistant, Ms. Brown, recommended that I forward the attached
introduction sheet to share with the executive committee members. I am
confidentially working with a McKinsey consultant and he mentioned you would
be  a good contact person at Enron.

I look forward to hearing from you soon.Cordially,Mitchell A.  Roll,
CPCPresident

?ROLL  INTERNATIONAL5001 Spring Valley Road,?Suite  #1155EDallas, Texas, USA
75244Email: mroll@rollintl.com ?  Phone: (972) 239-3800 ? Fax: (972) 239-2858

"People Make a World of Difference"

Visit our Web Site: http://www.rollintl.com

 - rollintl.jpg
 - Image4.jpg
 - EVP Candidate.doc


As scheduled, we are planning a quick status check meeting on the SAP / Unify
/ Financials project  at 4:00 today.

Key points that will be discussed include:
Current status of any open requirement points (and resolutions to close them)
Current status of Financials development and testing (hopefully some good
news here)
Current status of SAP interface test (and we believe some good news here as
well)
Current status of contingency automated interface to Sift (Net-net: It's too
difficult to develop this in the required time but with the good news above
we may not need it)
Status and action items for FIT4 test planning in June.

Thanks.


The following expense report is ready for approval:

Employee Name: Robert R. Lee
Status last changed by:  Automated Administrator
Expense Report Name: Bob Lee 6-5-01
Report Total: $39.00
Amount Due Employee: $39.00

To approve this expense report, click on the following link for Concur Expense.
http://xms.enron.com


I'll be gone but I will leave it on top of my desk.  The backpack is dark
blue and is has "CRUX by Gregory" written on it.  There is a yellow cooler
inside and 2 flashlights.

	From:  Kori Loibl                           11/02/2000 03:37 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Camping material

I'll be down in a little while, probably around 5ish if that's okay..........


Court would have to approve any reduction or significant change that we would do outside the normal course of business - short answer probably no on the non-compete otherwise we are down to 100 people have at it.

Regards
Delainey
 -----Original Message-----
From: 	Buy, Rick
Sent:	Tuesday, December 04, 2001 5:42 PM
To:	Delainey, David W.; Dietrich, Janet
Subject:	New Power

Took a call from Bill Cronin at New Power  today. He requested that they be able to deal with commercial customers that were off limits before, ie medium commercial or large commercial. He also mentioned that they may have an interesty in some of the people. Any thoughts?

 Rick


Several of us are attempting to determine the number of options we will
receive.

The following is an excerpt from an E-speak discussion with Cindy Olson
regarding the new Enron Option Plan effective Dec. 29, 2000.

The number of options will be based upon a Black-Scholes value.

Black-Scholes is based upon a number of factors, including the stock price,
the risk-free rate of return, the term of the stock options,
and the general movement of Enron common stock as compared to the general
stock market.
The Black-Scholes value for Enron stock options is determined monthly.

As of October 1, 2000, the Black-Scholes value for Enron stock options was
$31, for seven-year options.

To estimate the number of options you might receive, divide 25 percent of
your annual base salary by the Black-Scholes
value for Enron stock.

Therefore we must find out the year end or Dec. Black-Scholes value for ENE.
See if you can find it on the internet.


Please approve the following 2 product types in Data Manager after 11:00
A.M.  Attached are the GTC and long descriptions.

CAN Recycled OCC Phy
CAN Recycled ONP Phy

STEPS FOR APPROVAL:

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


no...I will.  I was traveling Friday.  We will be in the market Tuesday.

From:	John J Lavorato/ENRON@enronXgate on 05/25/2001 12:40 PM CDT
To:	Joe Kishkill/SA/Enron@Enron
cc:

Subject:

Have we sold any Copel shares yet.  Have you told Hickerson to sell.


Juan,

Call me at 217-826-3011, ext. 2359.  I am currently in  Marshall, Illinois on business.  Do not misuse this list.

Laura
 - Directorio Maquiladoras 2001.doc


----- Forwarded by Donna Fulton/Corp/Enron on 08/06/2001 04:09 PM -----

	Donna Fulton 08/06/2001 04:07 PM 	   To: Steven J Kean/Enron@EnronXGate, Richard Shapiro/Enron@EnronXGate, James D Steffes/Enron@EnronXGate, Mark Palmer/Enron@EnronXGate, Linda Robertson/NA/Enron@ENRON  cc: Christi L Nicolay/Enron@EnronXGate, Sarah Novosel/Corp/Enron@ENRON, Harry Kingerski/Enron@EnronXGate, Leslie Lawner/Enron@EnronXGate, Rebecca W Cantrell/Enron@EnronXGate, Lisa Yoho/Enron@EnronXGate, John Shelk/NA/Enron@Enron, Janel Guerrero/Enron@EnronXGate, Paul Kaufman/Enron@EnronXGate, Steve Montovano/Enron@EnronXGate, Janine Migden/Enron@EnronXGate, Jeff Dasovich/Enron@EnronXgate, Susan J Mara/Enron@EnronXGate, Aleck Dadson/Enron@EnronXGate  Subject: Hebert leaving the Commission

FERC has issued a press release that Hebert is leaving the Commission effective end of this month.  There is no indication of his plans for the future.


Prentice will call you.

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Thursday, October 25, 2001 2:39 PM
To: Dasovich, Jeff
Subject: RE: what's the pick for tonight's game?

Indy and KC in KC

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Thursday, October 25, 2001 12:36 PM
To: Nancy Sellers
Subject: RE: what's the pick for tonight's game?

which game is it?

-----Original Message-----
From: Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Thursday, October 25, 2001 2:32 PM
To: 'Jeff Dasovich'
Subject: what's the pick for tonight's game?

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Here is another one.  It will be another Chicago book.  We will never
officialize the book.  Thanks.

DG    3-9573


Group,

I have Blazer tickets for 11/28 (Tuesday night after Thanksgiving) against
Seattle.  I have to work and would rather just let someone else go, rather
than attempt to get the night off.  If someone wants to go to the game and
give me their tickets to another game, let me know.  I believe that Stan has
the other pair that night, and has agreed to pay for ALL beer consumed.  :-)

Cheers
Jesse


thanks Vince.  We'll talk to him this week.

--Dan

Vince J Kaminski
02/02/2001 05:03 PM
To: Daniel Reck/HOU/ECT@ECT
cc:
Subject: message from Bogdan

Dan,

I am sending you a resume of one of my compatriots who
lives in Houston. I met him socially a few times.

He graduated from the same university I did.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
05:00 PM ---------------------------

Awenda2000@cs.com on 02/01/2001 09:57:42 AM
To: Vince.j.kaminski@enron.com
cc:
Subject: message from Bogdan

Hi Vince,
I am enclosing my resume, as per our most recent conversation.
Best regards,
Bogdan M. Szopa

 - BOGDAN  res..doc


May 2 it is.

"PARKER, Isabel" <isabel.parker@freshfields.com> on 05/01/2001 10:34:35 AM
To: "Kent Shoemaker (E-mail)" <kent.shoemaker@ae.ge.com>
cc: "Kay Mann (E-mail)" <kay.mann@enron.com>, "Carolyn Campbell (E-mail)"
<CCampbell@KSLAW.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>

Subject: GE Legal Opinion

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

Kent
In answer to your question as to when the GE opinion should be dated, it
should be dated the execution date of the Turbine Contract, which I believe
will be tomorrow, May 2.  Please could Carolyn, Kay or Greg let Kent and
myself know if the Turbine Contract will be dated a date other than May 2.
Thanks
Isabel

Isabel Parker
T  +1 212 277 4025
F  +1 212 277 4001
E  isabel.parker@freshfields.com
520 Madison Avenue
34th Floor
New York, NY 10022
www.freshfields.com


pls print.  thanks. dF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/21/99 03:37
PM ---------------------------

Eileen Peebles
12/20/99 05:24 PM
To: Steve Kirk/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Jo
Williams/ET&S/Enron@ENRON
cc:

Subject: captive recap

attached is the file with the captive/non captive breakout of field and
market with seasonal splits.  also included is the top 2 markets of each
segment.


Carol:  What's this about?
----- Forwarded by Sara Shackleton/HOU/ECT on 06/15/2000 01:05 PM -----

	"Linda Busk" <Lbusk@hsresources.com>
	06/15/2000 12:19 PM

		 To: <Sara.shackleton@enron.com>
		 cc:
		 Subject: Needed information

Please provide me with the following:

Address for FedEx
Your Phone number
Your Fax number

Sara, this information is needed regarding the Assignments you are working on
with Carol St. Clair.  Thanks.


Vector Pipeline will be purchasing line pack gas for gas day November 15,
2000. Please see attached document.

(See attached file: Offer to Purchase Nov. 15.doc)

Keith Irani
Manager, Marketing Services
Vector Pipeline
416 495-5960
keith.irani@cgc.enbridge.com
 - Offer to Purchase Nov. 15.doc


As we discussed, enclosed is the standard choice of law provision of our ISDA
schedule, red-lined to show how the statutory reference might be worded.
Mark Taylor and I are interested in your thoughts on the matter. -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Please check this out and get back to me asap.  thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/31/2000
12:02 PM ---------------------------

	From:  Bill Cordes                           03/29/2000 09:41 AM

To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Commission Adopts New Rules for OCS Pipelines

Does this impact MOPS or Seagull situations?

    Bill
---------------------- Forwarded by Bill Cordes/ET&S/Enron on 03/29/2000
09:40 AM ---------------------------

Shelley Corman
03/29/2000 09:37 AM
To: Caroline Barnes/FGT/Enron@ENRON, Martha Benner/ET&S/Enron@ENRON, Lynn
Blair/ET&S/Enron@ENRON, Sharon Brown/ET&S/Enron@ENRON, Jack
Boatman/FGT/Enron@ENRON, Janet Butler/ET&S/Enron@ENRON, Deb
Cappiello/ET&S/Enron@ENRON, Alma Carrillo/ET&S/Enron@ENRON, Janet
Cones/FGT/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Larry DeRoin/NPNG/Enron@ENRON, Rick
Dietz/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, John
Dushinske/ET&S/Enron@ENRON, Sharon Farrell/FGT/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Lou
Geiler/ET&S/Enron@ENRON, John Goodpasture/OTS/Enron@ENRON, Bob M
Hall/FGT/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Bambi
Heckerman/NPNG/Enron@ENRON, Theresa Hess/ET&S/Enron, Staci
Holtzman/FGT/Enron@ENRON, Tamara Hopkins/ET&S/Enron@ENRON, Stanley
Horton/Corp/Enron@Enron, Steven January/ET&S/Enron@ENRON, Anne
Jolibois/FGT/Enron@ENRON, Steven J Kean/HOU/EES@EES, Robert
Kilmer/FGT/Enron@ENRON, Frazier King/FGT/Enron@ENRON, Steve
Kirk/ET&S/Enron@ENRON, Tim Kissner/ET&S/Enron@ENRON, Laura
Lantefield/ET&S/Enron@ENRON, Terry Lehn/FGT/Enron@Enron, Teb
Lokey/FGT/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Mike
McGowan/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Michael Moran/ET&S/Enron@ENRON, Sheila
Nacey/ET&S/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Virginia O'Neill/ET&S/Enron@Enron, Zelda
Paschal/FGT/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Keith
Petersen/ET&S/Enron@ENRON, Peggy Phillips/FGT/Enron@ENRON, Janet
Place/NPNG/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Pilar
Ramirez/ET&S/Enron@ENRON, Jenny Rub/GPGFIN/Enron@Enron, Patti
Rumler/ET&S/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON, Dave
Schafer/ET&S/Enron@ENRON, Donna Scott/FGT/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Emily Sellers/ET&S/Enron@ENRON, Sharon
Solon/ET&S/Enron@ENRON, Cindy Stark/Corp/Enron@ENRON, Rockey
Storie/ET&S/Enron@ENRON, James Studebaker/FGT/Enron@ENRON, Dee
Svatos/NPNG/Enron@ENRON, Stephen Veatch/FGT/Enron@ENRON, Linda
Wehring/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Ricki
Winters/ET&S/Enron@Enron
cc:

Subject: Commission Adopts New Rules for OCS Pipelines

At the meeting this morning, the Commission issued new regulations under the
Outer Continental Shelf Lands Act for Pipelines on the Outer Continental
Shelf (RM99-5).

In a nutshell, the rules add new reporting requirements for offshore pipes
in order to level the playing field with offshore pipelines that are
regulated under the Natural Gas Act.

In an important change from the NOPR, the rule exempts from these new
requirements offshore pipelines that are already regulated under NGA (i.e.
there will not be dual reporting requirements).

Commissioner Breathitt explained that while this is a modest step and doesn't
address all OCS issues, she feels like this  provides a light-handed
regulatory alternative for regulating offshore pipes.


Start Date: 12/18/01; HourAhead hour: 23;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121823.txt


I have no idea
--------------------------
Sent from my BlackBerry Wireless Handheld

-----Original Message-----
From: Schoppe, Tammie <Tammie.Schoppe@ENRON.com>
To: Kitchen, Louise <Louise.Kitchen@ENRON.com>
Sent: Thu Jan 24 12:11:30 2002
Subject: What is your password to your laptop?

Tammie Schoppe
Enron Americas-Office of the Chair
Assistant to Louise Kitchen
713.853.4220 office
713.646.8562 fax
713.253.2131 mobile


Please have the attached guaranty executed.  SS


Rick, in the interest of preserving trees and keeping the information
reasonably controlled, I would distribute this to senior managment and the
portfolio managers in each origination group responsible for each investment.

Portfolio Managers

Steve Pruett - Energy Capital Resources - (E&P)
Chuck Ward - Generation Investments
Chris Helfrick - Industrials and Coal
Michael Miller - Principal Investing
Richard Lydecker - Restructuring
Ray Bowen - CTG
Andrea Reed - CTG
Wes Colwell - Controller
Jordan Mintz - Tax

Management

Jeff Skilling
Joe Sutton
Mark Frevert
Dave Delainey

I don't think we need to distribute this data farther.  The business unit
heads in the finance origination groups can access their portfolio manager
for the data if needed.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/22/2000
12:59 PM ---------------------------
From: Rick L Carson on 06/16/2000 05:00 PM
To: David W Delainey/HOU/ECT@ECT
cc: Rick Buy/HOU/ECT@ECT
Subject: Enron North America - Asset Snapshots Q1 2000

Dave:  I am having delivered to your office this afternoon a proof copy of
our snapshot book for ENA for Q1, 2000.  Before we distribute to others, Rick
Buy and I thought we should check in with you on the distribution list which
is included on the letter attached to the snapshots. (also attached below)
You may recall that last quarter we cut down the distribution considerably by
requiring anyone who wanted a book to contact us.  The people on the attached
list were those that specifically requested a book.  One other thing to
note:  this time we have included overall portfolio and return numbers in the
front of the book.  This may affect your decision on how you want the book
distributed within ENA.

Your advice on additions/deletions to the distribution list is appreciated.
If you have questions, please give me a call.

              Regards,

              Rick C.


As you are aware, there have recently been a number of virus attacks released and spread across the Internet. Although Enron continually readdresses and updates its virus protection procedures, new viruses will continue to be released and pose a threat to Enron's computing environment. Therefore, it is very important that all Enron employees understand their responsibilities in helping Enron stay virus free.
If you receive a file via Email or any other means and you are unfamiliar with the sender or the purpose of the file, please do not automatically open/launch the file. One of the key elements of a virus attack is the innocent nature of its delivery.
Viruses can cause a significant amount of damage, including data loss and service outage. Viruses such as the Melissa, ILOVEYOU, AnnaKournikova, and the recent Nimda virus, caused organizations billions of dollars. Sometimes new viruses can breach the environment before the virus scanning software has been updated to detect & quarantine them.
Every employee in the Enron organization has a responsibility to keep our computing environment virus-free.
If you believe you have a file that looks suspicious, delete it or contact your Resolution Center to obtain their assistance.
North America Resolution Center - x31411
ETS Solution Center - x54745
European Resolution Center - x36777
EES Help Desk - x 39797
Prevention & Detection = PROTECTION!


Please red the paragragh in red below from an e-mail I sent last month....

I need risk to confirm that all counterparties that have master agreements
with ECC (now 41 counterparties) need to be booked with 2 legs as described
below in red.

We need this confirmation from risk as soon as possible.  We are pushing IT
to get this logic in place and don't want anything to "blow up" for risk.
Please respond by e-mail.

Thank you for your cooperation.

Dawn
3-9353
---------------------- Forwarded by Dawn C Kenne/HOU/ECT on 01/16/2001 05:20
PM ---------------------------

Dawn C Kenne
12/12/2000 10:00 AM
To: Jeffrey C Gossett/HOU/ECT@ECT, Michael Swaim/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT

Subject: Counterparties w/ Master Agreements with ECC

I have received an updated list of the counterparties that have Master
Agreements with ECC.  There are now about 40 counterparties that fall under
this category.  What seems to be happening is that these counterparties are
hitting on US gas products on EOL and are not bridging into Tagg correctly.
Currently, they are bridging as one leg between ENA and the counterparty.
The problem arises during settlement because ENA cannot settle with these
counterparties, only ECC can.  An example of what Risk is doing to the
products after bridging is Tagg#Q79131 / EOL #555401.

RISK:  We need risk to verify that anytime, without exception, all companies
with Master Agreements with ECC that hit a US product must be booked as two
legs:  leg one booked between ECC and the counterparty with risk assignment
of FT-US/CAND-ERMS; leg two flipping the risk out of FT-US/CAND-ERMS to the
appropriate risk book.  Also, risk needs to verify that this is only for
Financial Swaps and not Physical deals.

IT:  It is my understanding that a few counterparties are set up to be booked
correctly (with two legs).  The list is now up to 40 counterparties and will
most likely be updated on a consistent basis.  Is this something that Tagg
Maintenance can handle?  Guidelines need to be set up for Risk/Global to
instruct IT when new Master Agreements are created with counterparties so
logic can be adjusted accordingly.

Does a meeting need to be set up to elaborate on these issues?  Are there any
further issues that need to be addressed concerning ECC Master Agreements?
Please respond with your thoughts on this subject.

Thank you,
Dawn
3-9353


Eric,
      FYI, I had my Assistant look back through call logs for the past ten weeks--John never called once.  I called him yesterday and left him a lengthy message and received no return call.  I called again today and received no return call.  You may have a good relationship with these guys, but I think that John may be a bit flaky and would question his veracity.  I'll try one more time, then I'll call it quits.

Dan


FYI.

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/14/2001 09:01 AM -----

	Chip Schneider/ENRON@enronXgate
	03/14/2001 08:42 AM

		 To: Rick Buy/ENRON@enronXgate, David Gorte/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Christopher F Calger/PDX/ECT@ECT, W David
Duran/HOU/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, George
Schaefer/HPL/Enron@Enron, Greg Blair/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: FW: EIX, PCG: Edison Fights Lien Request; Conservation Measures
Introduced

The tail is beginning to wag the dog.  Although the QFs represent only about
3000MW of capacity, the gas (and then coal) QFs have the least ability to
withstand a further delay in payment, given their relative lack of liquidity
and high level of fixed obligations (O&M, debt) and unreimbursed fuel
expenses.  The legislature needs to move quickly to stem the tide.

 -----Original Message-----
From:  Paul Patterson <Paul_Patterson@xmr3.com>@ENRON
[mailto:IMCEANOTES-Paul+20Patterson+20+3CPaul+5FPatterson+40xmr3+2Ecom+3E+40EN
RON@ENRON.com]
Sent: Wednesday, March 14, 2001 6:37 AM
To: Schneider, Chip
Subject: EIX, PCG: Edison Fights Lien Request; Conservation Measures
Introduced

Credit Suisse First Boston
Paul Patterson
Good morning,
-Yesterday, Edison International indicated that Caithness, a QF, is seeking a
lien on an Edison asset that would give it a secured claim in the event of
bankruptcy. Edison stated that it would fight any U.S. court decision in
favor of Caithness, which could come as early as tomorrow.
-Because of their dire financial situation, we believe that QFs like
Caithness pose the greatest risk of filing an involuntary bankruptcy petition
against PG&E and Edison International.
-Last week, state legislators modified SB47X, the draft bill to lower QF
prices, in an effort to speed its passage. Reportedly, legislators are trying
to lower average QF prices to $0.079 per kWh. The CPUC is unlikely to decide
on revenue allocation until the bill is passed.
-This week, California moved forward with demand- and supply-side programs,
including the governor,s plan to give a 20% rebate to customers that reduce
power consumption by 20%. Also, three Western governors made another request
to FERC to cap wholesale prices.
-Although Governor Davis and the utilities continue to negotiate a utility
recovery plan, it is unclear if the state legislature will pass such a plan.
Therefore, we suggest that investors avoid EIX ($14.88, Hold) and PCG
($14.24, Hold), unless they have a high tolerance for risk and volatility.

Please call us with any questions you may have.
Regards,
Paul Patterson, 212-325-5876
Neil Stein, 212-325-4217
Wen-Wen Chen, 212-538-0223
Emily Lao Chua, 212-325-1982

If you would prefer not to receive further messages from this sender, please
click on the following link and confirm your request:
Mailto:K-2-62573-617300-2-151-US2-AB27313B@xmr3.com
You will receive one additional e-mail message confirming your removal.

 - ppp031401.pdf


(#7482-000198-3481\1995287)
Dear September Vincent :

Thank you for writing Wells Fargo.

Your address change request is complete.  Your account(s) reflects your new
address as of today. Your reference number for this transaction is
206-4925-180-02:28 .

If we can be of further assistance, please email us or call us anytime at
1-800-956-4442.

Sincerely,
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Please note: Do not reply to this message, as it will be sent through in an
unsecure format.  To reply to this message, please sign on to your secure
banking session and submit your request or reply.  Thank you.


---------------------- Forwarded by Juan Hernandez/Corp/Enron on 04/18/2001
11:15 AM ---------------------------

Don Baughman@ECT
04/17/2001 05:38 PM
To: Kayne Coulter/HOU/ECT@ECT, John Kinser/HOU/ECT@ECT, Patrick
Hanse/HOU/ECT@ECT, Rudy Acevedo/HOU/ECT@ECT, Larry Jester/Corp/Enron@ENRON,
Juan Hernandez/Corp/Enron@ENRON, Joe Errigo/Corp/Enron@Enron, Dean
Laurent/HOU/ECT@ECT, Keller Mayeaux/Corp/Enron@Enron, Doug
Miller/Corp/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Joe
Stepenovitch/Corp/Enron@Enron, Larry F Campbell/NA/Enron@Enron, Christopher
Watts/NA/Enron@Enron, Juan Padron/NA/Enron@Enron, Steve
Olinde/Corp/Enron@Enron, Mauricio Trejo/Enron@EnronXGate, Benjamin
Rogers/HOU/ECT@ECT
cc:

Subject: Easter

 - easter-is-cancelled.jpg


Don,

As we discussed, can you please provide some comments on each of the ADM locations listed on the attachment below.  Some thoughts on the difficulty of moving power in each area (ie transmission availability) as well as the general market conditions and opportunities in each would be helpful.  Also, any comments on how difficult the utility involved is to deal with would be good.  The intention is to pick one or more sites for a trial management deal with ADM.

Thanks,

Tom.

 -----Original Message-----
From: 	Baughman, Edward D.
Sent:	Wednesday, July 18, 2001 5:30 PM
To:	May, Tom; Will, Lloyd
Subject:	FW: Follow up meeting on services

Guys: Here it is. Let me know if you need additional data for the initial analysis. Thanks

 -----Original Message-----
From: 	balke@corp.admworld.com@ENRON
Sent:	Wednesday, July 18, 2001 4:25 PM
To:	Baughman, Edward D.
Subject:	Re: Follow up meeting on services

Ed, here is the info you requested.  I will be staying with my relatives in
Pearland.  Call me Friday to firm up meeting times.

Bret

(See attached file: Locations.doc)

"Baughman, Edward D." <Edward.D.Baughman@ENRON.com> on 07/10/2001 02:18:45
PM

To:   <balke@corp.admworld.com>
cc:

Subject:  Follow up meeting on services

Bret:

Thanks again for taking time to meet with Tom May, Terri Clynes and me
regarding Enron's power services products on June 27.

I would like to firm a date for our follow up meeting. We had discussed
your coming to Houston to meet at our office on Tuesday
July 24. Does that date work for you ? I would propose flying down the
night before. We could meet in the morning then play golf in
the afternoon followed by dinner at Cafe Annie (one of Houston's best).
Alternatively, you could fly down Tuesday morning for an
afternoon meeting followed by dinner, cigars, etc. Let me know what
works best.

In addition, we had discussed 6 facilities to look at for potential
services trials. They were Southport, Peoria, Clinton, Cedar Rapids,
Decatur and Des Moines. Can you provide the following information by
facility:

1. plant demand
2. generation capability
3. utility tariff facility is under
4. does facility have an interconnect agreement
5.    "       "        "    real-time metering
6. what is the voltage level of the interconnection

If you could provide this information in advance of the July 24 meeting,
we can perform some critical initial due diligence. Let me know
if the July 24 date works for you.

Regards,   Ed

 - Locations.doc


FYI
 -----Original Message-----
From: 	Carr, James
Sent:	Tuesday, January 08, 2002 9:59 AM
To:	North Gas Logistics Team
Cc:	Spraggins, Gary
Subject:	ANR MAKEUP

A 5000 OBA make-up delivery has been schedule at ANR Janesville (POI-180) for today Jan. 8 thru Friday Jan. 11.

James


??????????
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/11/2000
12:40 PM ---------------------------

John J Lavorato@ENRON
07/11/2000 10:18 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Call me Lavo.


It's going to be extremely difficult for anyone who has consumed electricity
to avoid paying for it.  It will be particularly difficult for Enron to
exempt itself from costs incurred by the state on behalf of Enron's
customers.  Prior to us pushing amendments on this bill, can we discuss on
the 11:30 call today.  Harry and I have discussed this at length, and I just
want to make sure that we don't blow up the whole enchilada by trying to get
an amendment here.

Best,
Jeff

	Harry Kingerski
	07/03/2001 09:28 AM

		 To: Hedy Govenar <hgovenar@govadv.com>
		 cc: Bev Hansen <bhansen@lhom.com>, Jim Steffes <james.d.steffes@enron.com>,
Jeff Dasovich <jdasovic@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>,
Mike Day <MDay@GMSSR.com>, Paul Kaufman <paul.kaufman@enron.com>, Rick
Shaprio <rshapiro@enron.com>, Scott Govenar <sgovenar@govadv.com>, Sue Mara
<smara@enron.com>
		 Subject: Re: Language on bonds

Hedy, Scott, Bev -  the language currently says the bond surcharge will apply
"to all electric power delivered in California by electric corporations ..."
I know this is a longshot, but is there any chance of having this amended to
either

1) exclude volumes under DA contracts as of the effective date of this act,
or
2) more generally leave it to the PUC to adjust the surcharge for customer
classes based on their contribution - or lack thereof - to DWR's purchasing
requirements.

The justification for this exemption is grounded in excluding customers who
have not caused the DWR problem; e.g. large San Diego customers or PGE/SCE
customers who have been DA  the last couple years or parts thereof.  (We can
give you some specific language.)

Hedy or Scott - could you please call me when you get in - 713 853-5786.
Thanks.

	Hedy Govenar <hgovenar@govadv.com>
	07/02/2001 06:51 PM

		 To: Sandra McCubbin <smccubbi@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Sue Mara <smara@enron.com>, Rick Shaprio
<rshapiro@enron.com>, Bev Hansen <bhansen@lhom.com>, Jeff Dasovich
<jdasovic@enron.com>, Karen Denne <kdenne@enron.com>, Jim Steffes
<james.d.steffes@enron.com>, Scott Govenar <sgovenar@govadv.com>, Ken Smith
<ken@kdscommunications.com>, Mike Day <MDay@GMSSR.com>, Michael McDonald
<Michael.McDonald@enron.com>, Alan Comnes <acomnes@enron.com>, Steven Kean
<Steven.J.Kean@enron.com>, Harry Kingerski <Harry.Kingerski@enron.com>,
Leslie Lawner <Leslie.Lawner@enron.com>, Robert Frank <rfrank@enron.com>,
Janel Guerrero <Janel.Guerrero@enron.com>, Miyung Buster
<Miyung.Buster@enron.com>, Jennifer Thome <Jennifer.Thome@enron.com>, Eric
Letke <eletke@enron.com>, Mary Schoen <Mary.Schoen@enron.com>
		 cc:
		 Subject: Language on bonds

Senator Burton's office expects bond language back from Legislative
Counsel sometime tomorrow, Tuesday.  As soon as we get a copy we will
forward it.  If the language is acceptable to Enron, then Bev, Scott and
I need to visit with Republicans to urge their support as soon as
possible.We are continuing to coordinate with the big users and some
other suppliers on this issue.


Kay, please forward to Scott Josey, John C Thompson and Julie Murray.  I
could not find them on e-mail.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/10/2000
02:27 PM ---------------------------

David W Delainey
07/10/2000 02:31 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Janet R
Dietrich/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, James A Ajello/HOU/ECT@ECT,
Rodney Malcolm/HOU/ECT@ECT, Edward Ondarza/HOU/ECT@ECT, Rob
Milnthorp/CAL/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron,
Max Yzaguirre/NA/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT
cc: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, David
Oxley/HOU/ECT@ECT, Kay Chapman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT
Subject: PRC

I would like to thank all of you for putting quality time and effort into
this important process.  There is nothing more important to ENA than
attracting and retaining the most talanted and innovative people.

Effectively immediately, written and oral feedback for commercial managers
and directors can be delivered. As per our discussion, the PRC process is
primarily a feedback, performance management and staff planning tool.  It
provides a data point for bonus purposes; however, it is not the only
determinant.  In the interest of ensuring the most effective performance
management tool, I would suggest that we implement the following:
 a)For employees ranked in the strong and above categories, the ultimate
ranking should not be communicated and the message should focus on progress
towards identified commercial goals and objectives and progress towards the
further development of desirable leadership and commerical capabilities.
Written and oral feedback should be delivered immediately;
 b) For employees ranked in the satisfactory, needs improvement and issues
category, the ultimate ranking should be communicated to ensure approriate
documentation of performance and to stimulate a plan to rectify or cure
performance issues.  For the satisfactory category, the message should focus
on increasing deal-flow, financial performance and productivity.  The bar is
always being raised.  For the needs improvement category, the message should
focus on turning around poor performance over the next six months.  For the
issues category, the business unit manager should determine, in conjunction
with your HR rep., the appropriate plan to find a better "fit" in the
organization or counsel out.  Regardless, the ENA Office of the Chairman will
require a written plan of action for all employees in the needs improvement
and issues category from the business unit manager documenting the plan of
action to rectify performance.

Vice President ranking can not be communicated until after the Enron VP PRC
currently scheduled for July 31st.  I anticipate a similar process as above
with our officer feedback process.  Associate and Analyst rankings can not be
communicated until after the Enron A&A PRC currently scheduled for July 19th.

Other identified action items from the meetings include:
 a) the HR group will put together a "profile and performance book" for ENA's
A&A's to ensure our representatives can augment performance information at
the July 19th meeting;
 b) ENA will be aggressively attempting to retain highest performing A&A's to
continue rotating within ENA;
 c) ENA will be holding an additional "off-cycle" A&A super-saturday for
Houston and Portland in August to augment our capabilities in this area;
 and d) your HR representative is building a pipeline of outside employment
candidates for your review each week.  Please review these resumes in a
timely basis and let them know your interest or lack thereof.

Please communicate to your organization as appropriate.

Regards
Mark and Dave


Hi Space, tell Steve Ellsworth hello for me. I completely lost track of
him-what's he up to? Hope all is well in OKC. kai jim
Yahoo! Groups Sponsor
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ddechiaro@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Subject:  Cancellation of May 1, 2001 BS&P call on credit policy

We previously agreed to hold a conference call meeting May 1 in
anticipation of having sufficient progress from the Credit Policy Working
Group (CPWG) to review.  After speaking with Andy Ragogna this afternoon, I
do not believe the CPWG is close enough to a detailed proposal to have a
productive conference, after all.  Consequently, I am canceling the May 1
call.

Additionally, it appears unlikely at this point we will have a proposal
ready for the May 10 Management Committee  meeting. My report will simply
be a progress report on the Credit Policy issue, and a report on our plans
to develop this year's budget and goals recommendations.

Marty Amati
Chair BS&P


Bob -

there is an article on page five regarding California (RTC) prices and its
effect on generation market -

John
---------------------- Forwarded by John Massey/HOU/ECT on 08/24/2000 12:50
PM ---------------------------

Janel Guerrero@ENRON
08/24/2000 10:30 AM
To: John Massey/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Anna
Santucci/NA/Enron@Enron
cc:
Subject: Utility Environment Report Newsletter (pdf)

---------------------- Forwarded by Janel Guerrero/Corp/Enron on 08/24/2000
11:29 AM ---------------------------

"platts.com" <mhenergy@prod-229a.tco3.web.wcom.net> on 08/23/2000 06:07:49 PM
To: janel.guerrero@enron.com
cc:

Subject: Utility Environment Report Newsletter (pdf)

Dear Subscriber,

Included with this e-mail is a PDF attachment of your newsletter
subscription.  To view the file, save it to your local file system and
open it with Adobe Acrobat or Acrobat Reader.  You can download the latest
version of Acrobat reader from the Adobe site at:

http://www.adobe.com/prodindex/acrobat/readstep.html

You can also get your newsletter subscription on our website at:

http://www.platts.com

Thank you,

Platts Energy Webmaster

 - current.pdf


Please note, Stephanie Panus will be on vacation the week of April 9.

 If I can be of assistance, please let me know.

Thanks!

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


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Vince:

The IT Migration team called and said that they need an email from you
stating that you do not want your lap top "Ghost upped"? (Not sure if this
is the correct term).   They said they were supposed to do this to all
computers during the migration process, but since you requested that
they not do this, then they need an email from you with this request.

You need to send the email to:     Kacee Downey/Enron@EnronXGate

Thanks!

Shirley


Vince,

I am in Houston (rrived Satruday), and will be in office on Monday (though
officially, I am on vacation).  Would like to catch up with you if possible.

It looks like your team will be getting involved in some form on the DPC
side.  I have already made a recommendation to Wade.

I am attaching a small memo that I have addressed to Wade on the DPC position
and possible workout.  This is still a draft and will likely get shared later
with others.  I would love to get your comments on the same.  At the same
time, this also will give you some idea of the problem, in conjunction with
the other Plan presentation I had sent you.

Look forward to touching base with you.

Regards,
Sandeep.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Lunch with Melissa/Julia/Sheila

Date:		7/12/2000
Time:		11:00 AM - 1:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


-----Original Message-----
From: 	Geaccone, Tracy
Sent:	Thursday, October 18, 2001 11:48 AM
To:	Sommers, Jeffrey E.; Stevens, Kirk; Giles, Valerie; Lindholm, Tod A.; Anderson, Michael; Meers, Thomas; Copeland, Erin; Dodson, Keith
Cc:	Hayslett, Rod
Subject:	4 Quarter Update
Importance:	High

Rod and I are meeting with Stan Monday afternoon, October 22, to talk about the 4th Quarter.  I have listed below the latest IBIT impact to Enron for the 4th Quarter that I have.  Please let me know if there are any changes and provide any variance explanations if necessary.

PGG  $28.0
EREC $53.2
Azurix  ($24.2) including Marlin
Clean fuels ($21.1)
EGAS  ($14.1)
EEOS ($26.6)

Thanks

Tracy


WE HAVE SCHEDULED FOR THE 37TH FLOOR REFRIGERATOR TO BE CLEANED OUT ON
TUESDAY, NOVEMBER 14TH AT 3:00 PM.  PLEASE REMOVE ANY ITEM(S) YOU DO NOT WANT
DISPOSED.

If you have any questions, please do not hesitate to contact me at x5-8336.

(Mary, Dorothy, & Yvette :Please forward to your groups on the 37th floor)

THANK YOU,

JULISSA


Jorge:

(1)  Yes, I did verbally approve the Merrill Lynch "Other Provisions" section
of the rate swap (10/26/00 deal).

(2)  Yes, I received your Fax of 11/21/00 from Bank of Montreal with your
email to the bank.  The language which you sent to the Bank of Montreal
("BOM") was to be based on the Merrill Lynch "Other Provisions" section of
the above rate swap.  In that regard,
 (i)  you inadvertently left out a phrase when you retyped the Merrill Lynch
language.  However, BOM's subsequent revision is acceptable.
 (ii)  it is not clear to me whether ALL of Paragraph 3 in the original BOM
confirm is being replaced.  Your message to BOM seems to imply that it is
fully
        replaced (which is what we want).  You should definitely verify that
this is the case in your latest BOM confirm.

(3)  Yes, the Termination Agreement format from Deutsche Bank AG looks fine.
Just be sure that all transaction references are correct.

Sorry for the delay.  I am trying to identify another lawyer to back me up.

Sara

	Jorge A Garcia@ENRON
	11/27/2000 08:57 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Laurel Adams/HOU/ECT@ECT
		 Subject: Legal Opinion

Good Morning Sara,

Hope you had a nice holiday weekend! I wanted to follow up regarding several
issues.

1) Please provide me with your e-mail authorization wherein you verbally
approved the "Right to Terminate" language for the Merrill Lynch Interest
Rate Swap Confirmation.

2) I faxed you Bank of Montreal's response to the "Right to Terminate"
language on Friday for the Interest Rate Swap that was originally traded on
11/3/00.. Please advise with your opinion. I have another trade with the
identical language from 11/14/00 that I am faxing to you this morning. We
received it at 5:37pm Friday afternoon.

3) Please advise your opinion on the Termination Agreement for the Default
Swap with Deutsche Bank dated 10/12/00.

Looking forward to your response.

Regards,

Jorge


Sharon, I am doing very well but cannot come back to work until
Tuesday.  They will remove all the drain tubes Monday.
Thanks for your thoughts and prayers.  I'll see you on Tuesday.  Thanks. Lynn

From:	Sharon Brown/ENRON@enronXgate on 06/20/2001 06:27 AM
To:	Lynn Blair/ET&S/Enron@ENRON
cc:

Subject:	Just Checking...

Just wanted to check in with you.  Hopefully by today you're feeling pretty good.  Be glad when you get back.  You know I'm stuck here with kids, what a way to start off the morning.  Just rolling along with my new Windows 2000/Outlook, takes some getting used to but we always adapt.  Get some rest and get back here!
slb


fyi - do you want to see this on a daily basis?  We do this daily and we do a
weekly summary on Wednesdays.

Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 02/05/2001 03:55
PM ---------------------------

	Enron North America Corp.

	From:  Adam Johnson @ ENRON                           02/05/2001 03:54 PM

To: Philippe A Bibi/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Bryan
Burnett/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT,
Greg Whalley/HOU/ECT@ECT, Greg Piper/Corp/Enron@Enron, Bob Crane/HOU/ECT@ECT
cc: Jeff Harbert/HOU/ECT@ECT, John Cummings/HOU/ECT@ECT, Brandon
Wax/HOU/ECT@ECT, Hal Elrod/Corp/Enron@Enron, Stephanie Segura/HOU/ECT@ECT,
Camille Gerard/Corp/Enron@ENRON, Keith Couch/Corp/Enron@Enron, Tina
Spiller/Corp/Enron@Enron, Frank L Davis/HOU/ECT@ECT, Marla
Thompson/NA/Enron@ENRON, Wendy King/Corp/Enron@ENRON, Terri
Fiandt/NA/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron,
Marc Eichmann/Corp/Enron@ENRON, Mark Schlueter/NA/Enron@Enron, Sheri
Thomas/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Jennifer deBoisblanc
Denny/HOU/ECT@ECT, Matt Motsinger/HOU/ECT@ECT, Simone La Rose/HOU/ECT@ECT,
Peter Berzins/NA/Enron@Enron, Marla Thompson/NA/Enron@ENRON, Terri
Fiandt/NA/Enron@ENRON, Martin Holmes/LON/ECT@ECT, Darren Gurner/LON/ECT@ECT,
Tom Bruce-Jones/LON/ECT@ECT
Subject: Clickpaper Executive Summary for 2/2/01

Clickpaper Executive Summary for 2/2/01
Transaction Summary	New in Prior
	24 Hours	LTD
External Transactions 	6	186
Notional Value of Deals Completed 	$111,370	$662,676,860
Notional Tonnage of Deals Completed	460 tons	1,111,780 tons
Notional Board Feet	338,000 BF	19,633,000 BF
Notional Square Feet	0 SF	2,410,000 SF

Registration Activity	New in Prior
	24 Hours	LTD
Registered Clickpaper Users	0	321
Guest ID's Issued	0	2,409
Credit/Legal Review in Process	2	32
Credit Declined with Process Complete	0	3
Number of Password Applications Received	6	420

Products Offered	New in Prior
	24 Hours	LTD
Number of Financial Products Offered	0	60
Number of Physical Products Offered	0	65

Counterparty Activity
Number of Counterparties Having Transacted to Date	35
New Counterparties Transacting for the First Time Today	0


Another Tino-gram.  DOE disclosed to Team Tino that they pay a $7.06/mo
demand charge per KW in addition to the $.053/kwh energy charge.  Tino didn't
know whether that was per KW of monthly demand, per KW of non-coincident peak
usage, or what.  The PNM tariff for govt. service is priced at $7.16/KW of
"demand above 10,000kw during peak period"  (peak period is daytime) so I
assume that is how it is calculated.  If that is the tariff ("Schedule
4000B") under which DOE really takes service, this is interesting because
that is not a very big discount off of the stated rate.  It is also
interesting that DOE is paying $.053/kwh for energy since the Schedule 4000B
energy rate is $.05072/kwh (maybe the difference is surcharges or something).
Tino's consultant has figured out that the demand charge equates to an
incremental $.011 in addition to the $.053/kwh energy charge, for a total
delivered PNM rate to DOE of $.064/kwh.  This is not as good as the 7 cent
number Tino threw around earlier in the week, but its still not terrible.  If
the bogey is a 10% reduction to the current rate, our number to beat is
$.0576/kwh.  Tino promised us copies of DOE's actual energy bills to confirm
these numbers.  That would be great and solves the due diligence problem you
and I talked about yesterday, Kevin.

Tino also passed along a rumor he heard from the Isleta's consultant that the
Cobisa Belen project is dead.  Do we know anything about this???
Interesting.  I'm waiting to hear back from Bill Votaw to line up a due
diligence call to Tino's government contracts lawyers in DC to confirm
whether the "sole source" strategy is legit.  Kevin, I'll let you know when
this is scheduled in case you want to be on the call.  Thanks.  DF


We encountered a problem with the Sitara bridge this morning and it has
uncovered the importance of Risk's involvement in watching this - especially
during the morning hours.  The Sitara bridge failed at 10:35a.m.  and we came
very close to missing our nom deadlines on several next day deals.  We
(Product Control) do have a safeguard in place (our IT department is beeped
if a deal stays in intermediate status for over 5 minutes), but we did not
receive timely notification of this issue - it was at least 15 minutes after
the problem started.  We have fixed that going forward - Jennifer Denny and
Torrey Moorer will be beeped in addition to IT.

We will continue to make every effort to watch the bridge; however, the Risk
groups (or some designated individual(s)) must be watching this as well to
ensure that any deals that fail are entered into the downstream systems on a
timely basis, and primarily to alert us of any problems ASAP.  If anyone in
your respective groups need additional training or assistance, please call
Jennifer Denny at x35824 or Torrey Moorer at x36218.

I have attached a file with the 35 transactions that were in intermediate
status (just fyi)

Please call me if you have any questions.

Sheri
x36557


FYI and Ken's review (no offense, John).
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/01/2001 01:46
PM ---------------------------
From: Fred Mitro/ENRON@enronXgate on 05/31/2001 05:45 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc:

Subject: TECO Term Sheet

Attached is the draft term sheet for the Midway toll.  I have pulled in the
language from the earlier draft and incorporated Black Hills language where
applicable. I have left the pricing blank for now, subject to a refresh from
structuring.

Let's discuss sometime tomorrow.

Fred


This is a Real Time deal, and that desk enters deals a bit differently than I
do. When they initially do a deal, they enter it for a certain hour or set of
hours. Then, if they agree with a counterparty to extend the deal to flow
through more hours, they change the deal in Scheduling, not EnPower. The way
to see the true volume of a Short Term West Hourly deal is to look in the
"View Actuals" tab. If you look at this deal, you'll see that they extended
the initial 5 MW at HE 11 to look like this:

HE 11 - 5 MW
HE 12 - 5 MW
HE 13 - 5 MW
HE 14 - 4 MW
HE 15 - 4 MW
HE 16 - 4 MW
HE 17 - 5 MW
+__________
 32 MW

Please let me know if you have any other questions.

Thanks,
Kate Symes
Trading Support
503-464-7486

Judy Dyer@EES
04/16/2001 10:48 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 570892.1

Can you please let me know if there are other deals that go with the deal #
referenced above?  We have a total of 32 MW but this is only for 5.

Thanks
Judy