----------------------------------------------------------------------
August 21, 2000 (AP)
California regulators cut San Diego electricity rates in close vote
MICHAEL LIEDTKE, AP Business Writer

   (08-21) 16:28 PDT SAN FRANCISCO (AP) -- With consumers howling about
unexpectedly high electric bills this summer, California's Public Utility
Commission took a step back from deregulation and cut rates for most San
Diego residents by 43 percent, so that most customers will pay no more
than $68 per month through January.
   By a 3-2 margin, the commission also approved a rate cut for small
businesses and school districts, resulting in estimated bills of $220 a
month for customers that don't exceed strict usage limits of 1,500
kilowatt hours.
   "This isn't going to help anybody," muttered San Diego restaurateur Susan
Bauman as she waved a $10,284 electricity bill showing one of her two
businesses used 30,000 kilowatt hours in July.
   PUC Commissioner Henry Duque, who drafted the proposal, said it provides
some relief while encouraging energy conservation, since customers who
exceed the usage limits will have to continue paying market rates.
   Other San Diegans who attended the hearing called the action woefully
inadequate.
   "We are bleeding to death and this will not stop the hemorrhaging," said
San Diego Supervisor Dianne Jacob. "We are going to die unless we get more
help."
   The PUC rejected an alternative proposal that would have imposed price
controls through 2003 and lowered bills by 60 percent from current levels.
   Ed Guiles, CEO of San Diego Gas & Electric Co., said the alternative would
have accumulated hundreds of millions of dollars in deferred costs. With
interest, those costs ultimately would be passed on to customers beginning
in 2004.
   But even the measure that did pass could end up costing San Diego
customers as much as $100 million after 2001, Guiles said.
   "This is an interim solution that stabilizes the bills for consumers but
does not get to the root part of the problem of high energy prices,"
Guiles said.
   Consumer advocates say customers should not be forced to pay for the
higher rates, now or in the future.
   "The proposals are really just a ruse. They move the burden from the
consumers' checkbook to their credit cards to be paid at a future date,"
said Doug Heller of the Foundation for Taxpayer and Consumer Rights, a
Santa Monica watchdog.
   The deregulation of the state's $20 billion electrical power industry --
imposed under a complex 1996 law that phases in the effects from south to
north -- was supposed to lower prices by creating greater competition.
   But demand has outstripped electricity supplies, due to a growing
population, booming high-tech economy, and less electricity available from
neighboring states that haven't deregulated their systems.
   A sweltering summer in much of California hasn't helped, and cost hikes
and continuing power shortages that caused rolling "brownouts" in the San
Francisco Bay area in June have spurred demands of a repeal.
   Monday's action came at an emergency meeting called at the request of Gov.
Gray Davis, who asked the commission to lower soaring electric bills that
have sparked outrage in California's second largest city -- and fears in
other California regions due to buy electricity on the open market as
early as next year.
   Residential and business customers who receive their power from SDG&E have
seen their electric bills double or even quadruple since their rates were
deregulated in June.
   Jacob and other San Diego-area politicians on hand at San Francisco's
hearings said they were headed to Sacramento to lobby for a state law
proposing to revert rates to 1996 prices. The proposal doesn't specify who
would pay for the rollback.
   Other critics said the PUC's rate limits won't help elderly and sick
people who must run their air conditioning during the hot summer months.
Opponents also warned that small businesses still might have to lay off
employees or move from the area to offset their rising expenses.
   "What we have done is lower the rates for turning on your TV or running
your refrigerator, but basically what we're telling people is, don't turn
on your air conditioner," said PUC Commissioner Carl Wood, who wanted the
steeper rate cut that failed Monday.
   The cap adopted Monday applies to residential customers who limit usage to
500 kilowatts per month. About 70 percent of homes in San Diego fall under
the cap, estimated Duque.
   The prevailing market rate has soared under deregulation.
   On August 13, the average wholesale price for San Diego electricity was
$117 per megawatt hour, up from $25 per megawatt hour at a comparable time
last year, said Wood.
   The estimated $68 cap for residential customers will remain in effect
through January 2001 and then increase to a projected $75 cap through
December 2001.
   The projected $220 cap on electric bills that applies to businesses and
school districts will increase to $240 per month after January.
   Under deregulation, private utilities were required to sell off their
power plants and open their markets to electrical resellers, and buy power
on the open market, paying an amount that may fluctuate from day to day.
   But the state has been shunned by some power developers who are uncertain
about deregulation, and few new power plants are in the works.

   ------=?   On the Net:?   California PUC: http://www.cpuc.ca.gov?   California ISO: http://www2.caiso.com?   Energy Department electricity statistics: http://www.eia.doe.gov?   North American Electric Reliability Council: http://www.nerc.com?   Utility Consumers Action Network: http://www.ucan.org???----------------------------------------------------------------------?Copyright 2000 AP?


Here's a recap for everyone.
Our original negotiation with Bear (for the Securities Loan Agreement) was in
the name of ENA, and, ENA had an existing account agreement with Bear.
However, Bear insisted that the account agreement was "too old" and that we
negotiate a new agreement.  I agreed on the condition that this not hold up
execution of the Securities Loan Agreement.  We have one or two final points
remaining on the new account agreement which we'll execute for both ENA and
Enron Credit Inc.. ("ECI").  We have the authorized trader list for ECI and
are waiting for Richard to designate the new officer/director slate but we
are prepared for execution by the existing officers in London.  The
assignment instrument will be very short for transferring the ECI book from
ENA to ECI.  It will take only a few days to replace the existing ENE
guaranty for the Securities Loan Agreement.

Jeff and Sheila:  Please verify that both ENA and ECI do not  need the
Securities Loan Agreement.  I believe it is just ECI and we can transfer the
existing agreement to ECI.

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

	Tom Doukas@ENRON
	03/21/2001 12:28 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Jeff Kinneman/Enron@EnronXGate, Sheila Glover/HOU/ECT@ECT, Richard
Sage/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT
		 Subject: BEAR Guarantee letter

Sara,

I just spoke with Russ Miron from Bear Sterans regarding our Guaranty to
Reduce funding to 20% per side.

I had asked him about when they will be executing the agreement.  He said
that his lawyers are ready to sign but are under the impression that you have
one remaining point to resolve and that this point is holding up the
finalization of the agreement.

Is there an issue from our side?  If not we should be able to get this
execution taken care of immediately?

Thanks,

Tom
713-853-9074


I spoke with Chip.  This can be presented to the BTRC today at the 1 oclock meeting, assuming we have all our ducks in a row.

Ed, Ruth, ready to go with this?

Kay

 -----Original Message-----
From: 	Concannon, Ruth
Sent:	Monday, April 29, 2002 5:54 PM
To:	'mark.ellenberg@cwt.com'; Mann, Kay
Cc:	McMichael Jr., Ed; 'michael.koss@us.pwcglobal'; 'jeffrey.d.benton@us.pwcglobal.com'; Garza, Maria; Barbe, Robin; Germany, Chris
Subject:	EPNG Stipulation -- Rejection of ROFR Contract

Attached is the deal description for the El Paso ROFR contract that needs to be rejected by April 30th.

Please send this to the appropriate folks at Squire Sanders.

Thanks,
Ruth Concannon
ruth.concannon@enron.com
713-853-1667

 << File: DEAL DESCRIPTION 9E3X.doc >>


You may have seen this...
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/22/2001 09:24
AM ---------------------------
From: Mark E Haedicke@ECT on 02/21/2001 03:17 PM
Sent by: Janette Elbertson@ECT
To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Robert
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ned E
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eddy Daniels/NA/Enron@Enron,
Angela Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Shawna Flynn/HOU/ECT@ECT,
Chris Gaffney/TOR/ECT@ECT, Robert H George/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, James Grace/Corp/Enron@ENRON, Mark
Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Karen E Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Alan
Larsen/PDX/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron,
Jane McBride/AP/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Lisa
Mellencamp/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Cheryl Nelson/NA/Enron@Enron,
Gerald Nemec/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, Limor
Nissan/NYC/MGUSA@MGUSA, John Novak/SA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angeline Poon/SIN/ECT@ECT, David
Portz/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael A Robison/HOU/ECT@ECT,
Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Schuler-Legal/HOU/ECT@ECT,
Sara Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Lou Stoler/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT,
John Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Stuart Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Kimberlee A Bennick/HOU/ECT@ECT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah
Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Genia FitzGerald/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Mary J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Deb Korkmas/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT,
Matt Maxwell/Corp/Enron@ENRON, Mary Ogden/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robert Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT,
Andrea Calo/SA/Enron@Enron, Brent Hendry/NA/Enron@Enron, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Greg Johnston/CAL/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Mark
Elliott/LON/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Denis
O'Connell/LON/ECT@ECT, Robert Quick/LON/ECT@ECT, Paul Simons/LON/ECT@ECT,
Martin Rosell/OSL/ECT@ECT, Rahul Saxena/LON/ECT@ECT, Greg
Johnston/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
Matthias Lee/SIN/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Connie
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheri L Cromwell/HOU/ECT@ECT,
Margaret Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janette
Elbertson/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jan M King/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT,
Becky Spencer/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT, Dina
Snow/Corp/Enron@Enron, Twanda Sweet/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Yo Yamanishi/AP/Enron@Enron, Claudia
Meraz/HOU/ECT@ECT, Reginald Shanks/HOU/ECT@ECT, Wendi
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, MaryHelen
Martinez/NA/Enron@Enron, Sami Arap/SA/Enron@Enron, Luiz
Watanabe/SA/Enron@Enron, Andrea Calo/SA/Enron@Enron, Patricia
Dutra/SA/Enron@Enron, Karla Azevedo/SA/Enron@Enron, Nancy
Muchmore/NA/Enron@Enron, Sandra Vassel/SA/Enron@Enron, Miguel
Mendoza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fabian Valle/SA/Enron@Enron,
Paula Porto/SA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, Maria Pia
Beccaccini/SA/Enron@Enron
cc:

Subject: Organizational Announcement

We are pleased to announce organizational changes to the Enron South America
legal department in response to the recent reorganization and realignment of
the principal Enron Wholesale Services business units operating in the
region, Enron Americas and Enron Global Assets.

Randy Young, currently General Counsel of ESA, will be assuming new
responsibilities within Enron.  John Novak will become General Counsel of
ESA, reporting to Mark Haedicke.  The ESA legal department will be
responsible for supporting all Enron Americas and Enron Global Assets
businesses in the region.  Additional legal resources, coordinated by Lance
Schuler, will be provided from EWS Legal in Houston to support ESA's
wholesale activities.  John will also work closely with Bruce Lundstrom,
General Counsel of EGA, to coordinate legal support with respect to the EGA
businesses in the region.  An organizational chart describing the new
structure is attached.

This new structure will enable us to continue to provide quality legal
support across business lines within South America while improving
coordination and providing additional support from Houston for Enron's
existing operating businesses, as well as the new business development
initiatives under way in the region.


no prob
i will communicate more clear next time
how long is you spinning class and is it the one off shepard ?

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Monday, August 06, 2001 3:38 PM
To:	Quigley, Dutch
Subject:	RE: re

that's fine, i don't recall saying you did not want to go - but whatever..
I had the estimate redone on the shutters today and it came to $5600 (inc. tax)
this includes the ones in living on 1st floor, 2nd floor master and wood blinds in other rooms
as well as a vinyl shutter for 3rd floor shower
I am trying to make it to a spinning class tonite and am leaving at 4:30 -will go
straight from spinning to restaurant..so let me know how to get your stuff to you
thanks
kay

From:	Dutch Quigley/ENRON@enronXgate on 08/06/2001 03:27 PM
To:	Kay Quigley/HOU/EES@EES
cc:
Subject:	RE: re

kay i told you last week that i did not want to go
if you perfer to go alone than this is not a problem
if you would like tio share with me why you are on edge
i am happy to listen but lets not argue about other things
i am sorry if i did not make myself more clear i will in the future

ily
dq

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Monday, August 06, 2001 3:20 PM
To:	Quigley, Dutch
Subject:	re

I realize that to decline an invite is no big deal to you
and actually I prefer to go alone tonight anyway
but could you please be more considerate in your approach
and not wait until the last minute to give me your decision
thank you
kq


Steve

Please find attached an update on India from John Brindle.

Sharon Killey
Assistant to John Brindle
Tel:  713-345-4999


Richard:
I am attaching, at Eric Newell's request, a copy of the most recent draft of
the Complaint against Southern California Edison prepared by Enron Wind with
respect to the wind power projects managed by the company that sell power to
that utility.? Please call me or Eric with any questions that you may have
concerning the complaint.?

Regards,

John Lamb

 - 3_W1D03!.doc


EnronOptions Announcement

You can now access a web site that describes EnronOptions ) Your Stock Option
Program.  The web site contains some highlights of the EnronOptions Program
as well as some Frequently Asked Questions (FAQs).

Access EnronOptions ) Your Stock Option Program web site by clicking on
http://hrweb.enron.com or by typing the address into your web browser.

We hope you find the site helpful in addressing your questions about the
EnronOptions Program.  If you have any questions, please contact your H.R.
Representative.

There will be several EnronOptions - Your Stock Option Program presentations
throughout the month of January.  Stay tuned to a computer near you for
details.


Steve

given the practitioner audience, I would prefer a less technical
presentation. Perhaps if you can talk about use of real options at Enron in
general, and then give some examples (graphically --no notation) of
diagrammatic representation might be good. Remember there are many talks
and the capacity of the audience to absorb notation, grammar, and technical
detail is limited.

How about a more generic title "Real Options at Enron?"

Please give me your title within Enron please

At 11:07 D_ 04/25/00 +0100, Steven.Leppard@enron.com wrote:
>
>
>Lenos
>
>I'd like to give a talk entitled "Diagrammatic Representation of Real
>Options in Enron", in which I will give a brief run-down of a diagrammatic
>technique I have developed for representing real option deals.  My notation
>allows originators, managers and quants to communicate unambiguously, while
>still appreciating the complexity and subtlety of real optionality.  I have
>defined a "diagrammatic grammar" which guarantees that the pricing of the
>deal follows immediately and automatically from the diagram.
>
>I propose to introduce the symbols and grammar, then go on to present some
>suitable examples of diagrams.  If appropriate I'll talk about the links
>with dynamic programming.  (I will need some guidance as to how much
>technical detail I can go into based on the audience.)
>
>All the best,
>Steve
>
>
>
>
> (Embedded     Enron Capital & Trade Resources Corp.
> image moved
> to file:      From:  Lenos Trigeorgis
> pic29415.pcx) <lenos@ucy.ac.cy>
>               04/20/2000 08:45 PM
>
>
>
>
>
>
>To:   "Steven Leppard" <Steven.Leppard@enron.com>
>cc:   "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
>
>Subject:  Re: Real options conference in Cambridge
>
>
>Steve
>
>thanks for agreeing to talk. I attach the program to see the other speakers
>and style (it is addressed to a professional autience)
>
>Please give me a suitable title for the talk (replacing Kaminski%s slot on
>July 6/Energy session) and the details of your position
>
>Thanks
>
>Lenos
>
>At 05:01 __ 04/20/00 +0100, Steven Leppard wrote:
>>
>>
>>Dear Prof Trigeorgis
>>
>>Vince Kaminski has suggested that I would be a suitable speaker at your
>July
>>conference in Cambridge, and I'd be happy to come along if required.
>Please
>>could you send me appropriate details, and the audience type expected.
>>
>>Many thanks.
>>
>>Yours sincerely,
>>Steve Leppard
>>
>>
>>
>>
>(See attached file: 4thconfsessions.doc)
>
>Lenos Trigeorgis
>Professor of Finance
>University of Cyprus
>Dept of Business
>75 Kallipoleos, PO Box 20537
>CY 1678 Nicosia CYPRUS
>
>Tel: +357 2 892261
>Fax:        339063
>
>
>
>Attachment Converted: "c:\drive_e\eudora\attach\pic29415.pcx"
>
>Attachment Converted: "c:\drive_e\eudora\attach\4thconfsessions17.doc"
>
Lenos Trigeorgis
Professor of Finance
University of Cyprus
Dept of Business
75 Kallipoleos, PO Box 20537
CY 1678 Nicosia CYPRUS

Tel: +357 2 892261
Fax:        339063


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  options.
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                  CONFIDENTIALITY NOTE
This e-mail contains confidential information from Merck-Medco and is
intended solely for the use of the individual named on this transmission.
If you are not the intended recipient, you are notified that disclosing,
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this information is strictly prohibited. If you are not the intended
recipient of this e-mail, to prevent future transmissions like this,
please notify Merck-Medco by forwarding this e-mail to the following
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Kay,

Below is my attempt of an accounting friendly letter authorizing FPL to
proceed with work. Let me know what you think.

Greg


On a quarterly basis, the Executive Compensation group provides a report to
the Compensation Committee of the Board of Directors which details Executive
Committee member stock holidings.    Such holdings include:

shares held in a family trust,
your personal brokerage account,
in certificate form, or
in an IRA.
any shares held in connection with Company plans (i.e., ESOP, savings plans,
phantom shares, option grants, or restricted stock grants), although shares
acquired that are held free-and-clear should be included.

Because of your inclusion in the Executive Committee, we will be requesting
this data from you prior to each quarter's report.  Your response is greatly
appreciated.

However, with the recent announcement and the revised Committees, I am in the
process of updating this report in preparation for the December 11 meeting.

I have access to shares held in the Company Plans (last bullet above).
Please provide me with your current personal ENE stock holdings (as of
11/30/00).

Please contact me if you have any questions (713-345-8085).

I appreciate your response.

Mary


Kay,  Please see attached.  Thanks.


we are leaving for Estes tomorrow and will not be back until the following
Sunday.  You can call Will's cell 214 478-2066 if you need us or call the
Snyder's in Estes.  I am doing fine.  The baby is kicking and ready to cool
off in Colorado.  I will chat with you when we get back.  We love you guys.


We are ok with reciprocal website financials.  Please have the counterparty
call me to discuss the cross default threshold.  We use a widely accepted
standard in the industry, which is 2% of total debt, rounded.  In fact, by
this standard, Enron has set it's own threshold too low.

From: Sara Shackleton@ECT on 02/02/2001 09:04 AM
To: Paul Radous/Corp/Enron@ENRON
cc: John Fortunato/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron

Subject: Caraustar Industries, Inc. ("CP") ISDA Master Agreement

Paul:

John Fortunato has advised me that CP has only three (3) issues with the
draft which we delivered in November, 2000.  The credit issues are:

(1)  CP financials available online - we'll need their website address

(2)  CP Threshold for cross default is too low and wish a "higher number" but
have not given John any indication of what they want

Please let John and Stephanie know the outcome so that we can prepare
executable docs.  Thanks.

P.S.  The legal issue was governing law, Texas or NY.  CP doesn't care but
needs confirmation and possibly explanation.

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


Sean,
I found out that Silver Creek is a very small resort close to the town of
Granby, CO.  It is acutally 15 miles north of Winter Park and 2 miles south
of Granby along Hwy 40.  We are staying at a condo there from Sunday night
(11th) thru Thursday night (15th).  I indicated we would like to go to Winter
Park because we have been there and it is close.  We want to ski 2 days in
Silver Creek and 2 days somewhere else.  If you can make it during the week
to Keystone, then yes we will go there instead of WP.  I would love to go to
an Avs game, but we will probably need to be on the road by late afternoon on
Sunday.

Once again, we get in on Saturday (10th) about 9pm.  That's pretty late so we
may or may not be able to do anything that night.  We will leave on Sunday
(11th) for Silvercreek and be back in Denver at your place on Friday (16th).
Then our plane back to Houston is early Saturday (17th) morning.  If you can
get away during the week to ski, that would be awesome.  Thanks for all your
hospitality.  See you soon.

DG

"Sean Mayers" <smmayers@earthlink.net> on 02/24/2001 10:17:54 AM
To: <Darron.C.Giron@enron.com>
cc:
Subject: Re: March

Darron,

The weather is great here.  In March, we receive every type of weather.  One
day we could get 12 inches of snow, the next day it could be 80!  I have a
pass to Keystone, Breckenridge, Vail, Beaver Creek, and A-Basin.  My pass
does not include Winter Park (although I have a free lift ticket that I
could use and go skiing with you.).  My pass cost $300 and I get unlimited
use (I have been 23 times this year-I think I got my money worth!).  I do
not know where Silvercreek is, but I will look. Do you mean Silverthorne by
chance?  If there is any way to go to Keystone, it would save Tracie and I
some money.  But, I understand that it is your vacation and if you go to
Winter Park, let me know and price is no concern.  This is how I rank the
resorts as far as skiing: 1. Vail  2. Copper  3. Keystone  4. Winter
Park/Mary Jane  5. Breckenridge.

I have not been to Beaver Creek, but I heard that it was awesome.  Even
though I ranked WP fourth, it is still a great resort.  The runs at Keystone
and Vail are long and Vail is the largest resort in USA (5300 acres compared
to 2000 for Keystone!).  As far as atmosphere (night life), Vail is by far
the best.  Winter Park does not have much at the ski resort as far as night
life (that I recall, but I have not been there much.).  You have to go into
town, which is small.  Breckenridge is good for the night as well and so is
Copper, but Vail is the best (I love Vail if you have not noticed!).  Just
let me know as far as plans.  We have a busy March.  On March 17, the day
you leave, we have a wedding.  On Friday night, we might have to go to the
rehearsal dinner, but I do not know yet.  Michelle and the kids are coming
up in March also.  Maybe she can come up at the same time.  We always have a
room available.

I am looking forward to seeing you and Kristi.  Let me know if you guys want
to do anything in Denver.  You can also go snowmobiling and snowshoeing as
well.

If you guys need any ski gear or accessories, let me know and I will check
here for prices.  Plus, you can borrow some of my gear on the days I can't
meet up with you.

You guys are going to love it here.  You also need to come out in the
summertime.  It is so much better.  I think my sisters and dad are coming
out again for the 4th of July.  We went white water rafting last year and
Kim loved it.

Looking forward to seeing you.

Sean


Sorry, I got worked up and my blood boiling.

Jessie J. Knight Jr.
President & CEO
San Diego Regional Chamber of Commerce

-----Original Message-----
From: jdasovic@enron.com [mailto:jdasovic@enron.com]
Sent: Tuesday, September 05, 2000 4:24 PM
To: JKnight@sdchamber.org
Subject: RE: NYT Article about Ex Commissioner Fessler

glad to hear that you're back, generalissimo.  we will follow you up the
hill.

seriously, though, you will start seeing/hearing from us quite soon., e.g.,
skilling's at the national press club this thursday.

Jessie Knight <JKnight@sdchamber.org> on 09/05/2000 06:04:33 PM

To:   "'Jeff Dasovich'" <jdasovic@enron.com>
cc:
Subject:  RE: NYT Article about Ex Commissioner Fessler

Jeff,
     I chuckled to read about Dan being the center of Dante's Inferno core,
but quickly was overcome more by disdain of the simpleton Mr. Palast's
wretched journalistic license.  Why don't you get Skillings, Michaels,
McCrae, Levin et al to answer all the preposterous revisionist pablum that
is saturating the marketplace as we speak?  Is there or was there only one
Jessie Knight who lived that 6-year hell to have crap like this spread
about?  Where are all the direct access/bilateral
contract/anti-poolco/anti-Hogan/anti-Harvard Electricity Group/anti-command
& control proponents?  It is sad for me to hear the deafening silence out
of
a community that I helped lead to battle and to leave and see that most
have
abandoned the cause to leave it the world to the government infidels that
want to and will certainly re-create the Gulag.

Jessie J. Knight Jr.
President & CEO
San Diego Regional Chamber of Commerce

-----Original Message-----
From: Jeff Dasovich [mailto:jdasovic@enron.com]
Sent: Tuesday, September 05, 2000 3:01 PM
To: jknight@sdchamber.org
Subject: NYT Article about Ex Commissioner Fessler

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/05/2000
05:00 PM
---------------------------

(See attached file: State Deregulates.doc)


where are they ?


515319

broker has morgan stanley


---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/26/2001
09:26 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 03/26/2001 08:19 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--3/26/01


Jeff -- Host Code:  243297
---------------------- Forwarded by Joseph Alamo/SFO/EES on 04/25/2000 03:28
PM ---------------------------

	Joseph Alamo
	04/25/2000 03:27 PM

To: deiching@enron.com, Tim Belden@ECT, Chris H Foster@ECT, Timothy J
Hamilton/HOU/EES@EES, Douglas Condon/SFO/EES@EES, Paul Kaufman@EES, Mona L
Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES,
Jake Thomas@ECT, Thomas S Reichelderfer/DUB/EES@EES, Susan T
Covino/HOU/EES@EES, James D Steffes/HOU/EES@EES, Julie A Gomez@ECT, Gregory T
Adams/HOU/EES@EES, Ray Hamman/HOU/EES@EES, Frank Wanderski/HOU/EES@EES, Bruno
Gaillard/SFO/EES@EES, Richard Shapiro/HOU/EES@EES
cc: Jeff Dasovich/SFO/EES@EES
Subject: Conference Call RE: Retail Opportunities Created by Sempra
Announcement?

On behalf of Enron host Jeff Dasovich, please consider this note an
invitation to participate in a conference call, as noted below, on the
above-referenced topic:

 Date:    Monday, May 1, 2000
 Time:   9:00 AM PDT/11:00 AM Central
 Dial-in number: 888.422.7124
 Pin code number: 117584

Thanks in advance for your participation.

Joseph Alamo
Sr. Administrative Assistant
California State Government Affairs


Confidential Settlement Document Under CPUC Rule 51

PARTIES:

This is a reminder that PG&E is hosting the next workshop regarding "Gas
Accord II" issues, at PG&E headquarters, Room 300, 77 Beale Street, San
Francisco, this Wednedsay and Thursday, October 11-12.  We plan to start at
9:30 a.m. and end around 3:30 p.m., on both days.  PG&E will provide lunch
on both days.

Attached is our proposed agenda for this workshop, which will address market
issues and cost-of-service and rate issues related to PG&E's California Gas
Transmission system.  In addition, we are pleased to note that
representatives of the California Energy Commission will make a presentation
regarding their forecast of future electric generation demand.

We also will use some time at this week's workshop to inform the
participants about new issues various parties have identified since the
first workshop on September 14.

PLEASE RSVP IF YOU PLAN TO ATTEND THIS WEEK'S WORKSHOP, so that we can get
an accurate head-count for the lunches we will order.  Please RSVP to:
Darcy Morrison, e-mail D2Mr@pge.com, or telephone at (415) 973-6644.

We look forward to this week's workshop, which we think you will find very
informative.

Best regards,

Frank Lindh    Ray Williams
Attorney    Director
415-973-2776   415-973-3634
frl3@pge.com   rdw0@pge.com

 <<Agenda 10-11&12-00 Workshop.doc>>

 - Agenda 10-11&12-00 Workshop.doc


Once you get a counterparty contact, remember to go ahead and send out the form to them so they can review same while we are gathering facts.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Vanessa, I will attend. Jim
 -----Original Message-----
From: 	Groscrand, Vanessa
Sent:	Wednesday, March 21, 2001 4:45 PM
To:	Cliff Baxter/HOU/ECT@ENRON; Causey, Richard; Derrick Jr., James; Andrew S Fastow/HOU/ECT@ENRON; Kean, Steven; Lay, Kenneth; Pai, Lou; Skilling, Jeff; Frevert, Mark; Sherriff, John; Whalley, Greg; Delainey, David; Hannon, Kevin; Rice, Ken; Horton, Stan
Cc:	Susan Skarness/HOU/ECT@ENRON; Westbrook, Sharron; Bridget Maronge/HOU/ECT@ENRON; McVicker, Maureen; Fleming, Rosalee; Owens, Karen; Sera, Sherri; Daw, Nicki; Urquhart, Lauren; Taylor, Liz; Chapman, Kay; BROWN, CAROL; Dalton, Dorothy; Stark, Cindy
Subject:	Enron Advisory Council
Importance:	High

SAVE THE DATE

The Enron Advisory Council meeting is scheduled in Houston on April 10-11, 2001.  On Tuesday, April 10 a dinner meeting is scheduled at the Four Seasons in the Whitney Room (2nd Floor) beginning at 6:00 p.m.

On Wednesday, April 11 the Advisory Council will meet from 8:00 a.m. - 4:00 p.m.  in the Enron Boardroom.   You will receive a detailed agenda prior to the meeting.

Please let me know if you plan to attend.

Thanks,

Vanessa


I have already responded in my initial email.  For whatever reason, the
counterparty trades physical gas as "Nicor Gas Company".  They trade
financial as indicated below.    It is now up to EOL to get back with the
counterparty and get them to amend the Password Applcation.

	Bridgette Anderson@ENRON
	08/17/2000 11:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Counterparty Approval List for 8/14/00

Could you please help us by addressing the question posed by Stacey
Richardson below?

Thanks.
Bridgette
---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
08/17/2000 10:54 AM ---------------------------

Stacey Richardson@ECT
08/17/2000 10:50 AM
To: Bridgette Anderson/Corp/Enron@ENRON
cc: Anthony Campos/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT

Subject: Re: Counterparty Approval List for 8/14/00

Can you please have Tana clarify if the counterparty wishes to have a new CP
name set up as Northern Illinois Gas Company d/b/a Nicor Gas Company (which
it sounds like) or if they will make financial trades under Northern Illinois
Gas Company (since Nicor Gas Company is the physical trading entity).  We
still cannot report (or even SET UP) the contract until we know which CP name
is correct.  Until then, the 08/14/00 EOL report will still be outstanding.

Thanks,
Stacey

	Enron North America Corp.

	From:  Bridgette Anderson @ ENRON                           08/17/2000 09:29
AM

To: Stacey Richardson/HOU/ECT@ECT
cc: Anthony Campos/HOU/ECT@ECT
Subject: Counterparty Approval List for 8/14/00

---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
08/17/2000 09:28 AM ---------------------------
From: Tana Jones@ECT on 08/16/2000 05:13 PM
To: Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT
cc: Bridgette Anderson/Corp/Enron@ENRON

Subject: Counterparty Approval List for 8/14/00

With respect to the attached list, a few things:

1.  With respect to Dynegy Power Marketing, my records reflect that they are
approved for all products (including financial & power).  Can you let me know
if your approvals reflect otherwise?

2.  With respect to Nicor Gas Company and Northern Illinois Gas Company:
Northern Illinois Gas Company should be restyled to be "Northern Illinois Gas
Company d/b/a Nicor Gas Company".  We have just received the executed ISDA
Master with this entity and that is how the counterparty directed us to set
the master up.  Nicor Gas Company appears to be their physical gas trading
arm, so that entity name should be left alone.

I haven't forgotten the 8/11/00 list, I am waiting to hear back from
Australia about a question.


-----Original Message-----
From: 	Jacobson, Michael
Sent:	Wednesday, July 11, 2001 3:37 PM
To:	Forney, John M.
Subject:	Unplanned Losses


[IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]   [IMAGE]      [IMAGE]     This is not Spam!  dutch.quigley@enron.com *Subscribed  *Confirmed To: Sexxxmailer  Unsubscribe Here!        	     [IMAGE]   [IMAGE]     [IMAGE]     [IMAGE]          FEATURED GIRL OF THE DAY     Mellissa - Age: 19 - Rhode Island   thm_tm3774_042.gif   thm_tm3774_045.gif   thm_tm3774_052.gif     This Sweet Young Thing runs her own Web Cam and Chat! She is looking for a modeling contract... And willing to Show off her photos to anyone who is interested! If you want to chat with a REAL girl, Visit her website at mellissaswebcams.com               [IMAGE]      Ever Wanted to Watch Amateur Whores Try Out for the Pros?? Well Here's Your Chance!!  Actual Girls Off the Street Getting Banged on Camera for the Fist Time... and You Get to Watch it all!  [IMAGE]   [IMAGE]   [IMAGE]   Sara never had it so huge!! CLICK TO SEE CLIP!!   Tabitha sucks like a pro!!  CLICK TO SEE CLIP!!   Anna's first time anal!! CLICK TO SEE CLIP!!             TONS OF FREE PICS! CLICK HERE    BROADBAND? CLICK HERE!            [IMAGE]   [IMAGE]

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I am trying to locate the above identified master.  Does anyone have this
file?  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


Hi Romeo -
 See Gerald's comments below regarding the legal entity.  Please make the
appropriate changes to the screen templates.

mve
---------------------- Forwarded by Michael Eiben/HOU/ECT on 10/23/2000 09:44
AM ---------------------------
From: Gerald Nemec on 10/23/2000 09:42 AM
To: Michael Eiben/HOU/ECT@ECT
cc: Eric Gillaspie/HOU/ECT@ECT
Subject: Web Site Format

Mike, I reviewed the pages to the site you provided.  My only comment right
now is that the correct name of the pipeline is "Houston Pipe Line Company".
Note the Pipe Line is two words.  Everything else looks fine.  We will be
getting back with you on the site access agreement.


Here is a suggested Lay quote for the special committee release:

"With the formation of this special committee and the attraction of additional capital, which we are also announcing today, we are taking care of the past and securing the future."


I think he has more years of steel experience than you do of life experience!

Regards,

Jeff

 -----Original Message-----
From: 	Lavorato, John
Sent:	Wednesday, May 23, 2001 1:48 PM
To:	McMahon, Jeffrey
Subject:	RE: VP Candidate for next Executive Committee Meeting - Tuesday May 29, 2001

I'm definately not going to support you on this.

Just Kidding

 -----Original Message-----
From: 	Ford, Sue   On Behalf Of McMahon, Jeffrey
Sent:	Wednesday, May 23, 2001 1:18 PM
To:	Bibi, Philippe A.; Blachman, Jeremy; Bowen Jr., Raymond; Brown, Michael; Buy, Rick; Causey, Richard; Cline, Wade; Cox, David; Delainey, David; Derrick Jr., James; Dietrich, Janet; Elliott, Steve; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Glisan, Ben; Hannon, Kevin; Hayslett, Rod; Horton, Stanley; Hughes, James A.; Kean, Steven; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Leff, Dan; McCarty, Danny; McConnell, Mike; McDonald, Rebecca; McMahon, Jeffrey; Metts, Mark; Muller, Mark; Olson, Cindy; Pai, Lou; Piper, Greg; Rice, Ken; Scrimshaw, Matthew; Shankman, Jeffrey A.; Sherrick, Jeffrey; Sherriff, John; Skilling, Jeff; Sunde, Marty; Whalley, Greg
Cc:	Adams, Jennifer; Armstrong, Julie; Blackwood, Connie; Bob, Vanessa; Bolen, Vivianna; Brelsford, Loretta; Brown, Carol Ann; Burns, Jennifer; Campos, Kathy; Chapman, Kay; Dalton, Dorothy; Danz, Suzanne; Dauterive, Inez; Davidson, Binky; Daw, Nicki; Dick, Sharon; Dodgen, Kathy; Estrada, Mercedes; Ferrari, Kerry; Fisher, Dolores; Fleming, Rosalee; Ford, Sue; Gadade, Mrudula; Garcia, G.G.; Grow, Christina; Harris, Stephanie J; Hawkins, Linda; Heathman, Karen K.; Hillis, Kimberly; Hinojosa, Esmeralda; Johnson, Kelly; Maronge, Bridget; Marshall, Lucy; McCurley, Peggy; McMahon, Kathy; McVicker, Maureen; Moffett, Carol; Owens, Karen; Paxton, Jana L.; Phillips, Cathy; Rapacioli, Marisa; Rijo, Leah; Schiller, Marsha; Schoppe, Tammie; Sera, Sherri; Stark, Cindy; Taylor, Liz; Urquhart, Lauren; Wells, Tori L.; Westbrook, Sharron; Williamson, Joannie
Subject:	VP Candidate for next Executive Committee Meeting - Tuesday May 29, 2001

Enron Industrial Markets has identifed a candidate in the London market that we wish to bring into Enron at the VP level.  He is a highly experienced individual with over 30 years of steel experience and would run the origination effort for steel in London reporting to Bruce Garner.  He has met several members of the executive committee already (see attachment) and his resume is attached to this email.  Ray Bowen will present him at the next executive committee meeting for approval.  If you have any questions or comments, please contact me as soon as possible.

 << File: BokelohFrankExec Comm Letter.doc >>  << File: FRANKBOKELOHCV.doc >>

Jeffrey McMahon
___________________________
President and CEO
Enron Industrial Markets
713-853-5359 phone
713-646-5930 fax
jeffrey.mcmahon@enron.com


---------------------- Forwarded by Susan Scott/ET&S/Enron on 05/17/2000
04:13 PM ---------------------------

	From:  Mary Kay Miller                           05/17/2000 08:10 AM

To: Glen Hass/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Drew
Fossum@ENRON

Subject: Re: TW LFT

I agree with Glen's comments,  anything greater than the allowed MDQ can flow
or be scheduled, but it would be at the IT rate.  Based on the contract, the
overrun rate is usually the same as the firm rate so I don't believe there is
a revenue issue.  Keep in mind, when a day is limited the mdq is "reduced"
systemiatically  to that level so anything greater is overrun.  MK

	From:  Glen Hass                           05/17/2000 07:57 AM

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

Subject: Re: TW LFT

Although I would like to collect the LFT revenue in the second example on
60%, isn't the extra unanticipated  10% TI? The tariff is vague in regard to
partial days.  It appears we could call a partial limited day  based on a
percentage of the MDQ or a specific volume level however once we have
announced the firm level haven't we made a commitment only to that level of
MDQ on a firm basis and any other volumes that might flow would be regarded
as overrun?

Glen

	From:  Susan Scott                           05/16/2000 11:44 AM

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

Subject: TW LFT

I have been working with Ramona and Lorraine to make system adjustments to
TW's LFT arising from conclusions made at a Northern LFT meeting a few weeks
ago.  One change that has been called for is that if a Limited Day is called
(for now let's say a total Limited Day, without notifying shippers of any
percentages), no LFT can flow at any time during that day but the LFT shipper
would have the option to flow IT to the extent space is available.  If a
Limited Day were called notifying shippers that only a certain percentage
would flow, LFT shippers would be able to flow that percentage, and the rest
could be scheduled IT.

Drew latched onto this when I mentioned it to him and wanted to debate this
change with me.  As currently configured, TW's system would allow LFT
shippers to put in nominations on a Limited Day, and if any LFT capacity were
in fact available that LFT would be scheduled.  Similarly, if TW were to
notify shippers of a partial Limited Day (say 50%), and 60% of the capacity
in fact became available, TW's system (today) would allow LFT shippers to put
their nominations in and flow 60%, not limit them to 50%.   TW's tariff
language appears suitably vague to allow this --  a Limited Day is defined as
a day on which TW may choose not to schedule service in whole or in part, and
the billing section has a provision for Limited Days on which any quantity of
gas is transported.

Our question was whether, by changing TW's LFT system as described in the
first paragraph, we wouldn't be leaving some firm transportation revenue on
the table (because the IT rate is generally lower than our firm rate).  If
so, is the change necessary for some other reason?   Please let me know what
you think.

SS


Judy Hernandez@ECT
12/12/2000 11:44 AM
To: suhernan@llgm.com, Diane Salcido/Corp/Enron@Enron,
Jennifer.cutaia@enron.com, dora_thurmond@uniteddc.com, Eve
Puckett/Corp/Enron@ENRON, Leslie Smith/HOU/ECT@ECT, Angela
Gill/NA/Enron@Enron, Regina Blackshear/Corp/Enron@ENRON, Julissa
Marron/Corp/Enron@ENRON, Amber Ebow/HOU/ECT@ECT, Maria Sandoval/HOU/ECT@ECT,
Crystal Reyna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brenna
Neves/NA/Enron@ENRON, Sandra R McNichols/HOU/ECT@ECT
cc:

Subject: Could it be we're not paying attention?

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/12/2000
11:40 AM ---------------------------

Darlene C Forsyth
12/12/2000 10:07 AM
To: Darlene C Forsyth/HOU/ECT@ECT
cc:  (bcc: Judy Hernandez/HOU/ECT)
Subject: Could it be we're not paying attention?

The man whispered, "God speak to me" and a meadowlark sang. But the man
did not hear.

So the man yelled "God speak to me" And the thunder rolled across the sky.
But the man did not listen.

The man looked around and said, "God let me see you." And a star shined
brightly, but the man did not notice.

And the man shouted, "God show me a miracle" And a life was born.  But
the man did not know.

So the man cried out in despair, "Touch me God, and let me know you are
here" Whereupon, God reached down and touched the man. But the man brushed
the butterfly away and walked on.

Don't miss out on a blessing because it isn't packaged the way that you
expect.  So many times we see miracles and do not recognize them for what
they are.

My instructions were to send this to four or more people that I wanted God
to bless and I picked you. Please pass this to people you want to be
blessed.


gee, tough break.

	Richard Shapiro
	07/06/2001 01:22 PM

		 To: Susan J Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Davis & Company -- incompetence personified

---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/06/2001
01:21 PM ---------------------------

Pat Shortridge
07/06/2001 01:18 PM
To: John Shelk/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Chris
Long/Corp/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Carolyn Cooney/Corp/Enron@ENRON
cc:

Subject: Davis & Company -- incompetence personified

You hate to say that someone can't do anything right, but THESE GUYS CAN'T DO
ANYTHING RIGHT.

California Power-Buying Data Disclosed in Misdirected E-Mail
By Daniel Taub
Sacramento, California, July 6 (Bloomberg) -- California Governor Gray
Davis's office released data on the state's purchases in the spot electricity
market -- information Davis has been trying to keep secret -- through a
misdirected e-mail.
The e-mail, containing data on California's power purchases yesterday, was
intended for members of the governor's staff, said Davis spokesman Steve
Maviglio. It was accidentally sent to some reporters on the office's press
list, he said.
Davis is fighting disclosure of state power purchases, saying it would
compromise negotiations for future contracts. This week, Davis appealed a
state judge's order to release spot-market invoices, purchase orders and
confirmation sheets for power contracts signed through June 27. The state is
buying electricity on behalf of utilities, which are burdened by debt.
``It's an internal document,'' Maviglio said of the e-mail. ``We have a
meeting every morning where we discuss issues of the day.'' The e-mail
contained minutes of today's meeting, he said.
According to the e-mail, the state bought 283,000 megawatt- hours of
electricity for $37.4 million yesterday. One megawatt- hour is enough
electricity to light 750 typical California homes for an hour. Prices ranged
from $25 to $149.99 a megawatt-hour. Maviglio said the information in the
e-mail is accurate.
Power for next-day delivery during peak-use hours averaged $79.67 a
megawatt-hour on the California-Oregon border yesterday, according to
Bloomberg Energy Service. California paid an average of $132 on the spot
market, according to the e-mail. Prices on the spot market tend to be higher
than on the day-ahead market.
The governor has proposed releasing data on spot-market purchases once a
quarter, arguing that the state uses power-buying strategies tailored to each
season. Lawyers for the media and Republican legislators say state law
requires disclosure of contracts within seven days after they are signed.


Tana:

The following CPs are not authorized to trade US power -- restricted by
credit:

NG Energy Trading, L.L.C.
RAG American Coal Company
NJR Energy Services Company
CMS Field Services, Inc.
New Jersey Natural Gas Company
*****************************************

Both of the following CPs are authorized to trade all US power products:

FPL Energy Power Marketing, Inc.
Calpine Energy Services, L.P. - same master as Calpine Power Services Corp.

Leslie


Kal:
As we discussed, enclosed is a draft of the letter.  Please review and make
sure that I have accurately described what will take place and if you find
acceptable, please forward on.  If any changes need to be made please call me
at 33989.
carol


Gavyn Davies, via Helen Turley, has asked me to give you some guidance as to
what you might include in your presentations at the meeting on October 31st.
I do so with trepidation, since I am sure that you know more about your
subject than I do, so please regard the following merely as suggestions to be
ignored if you deem it appropriate to do so.
We have blocked out two hours (9-11AM) to discuss market opportunities for
Enron in Spain and Germany. My understanding is that Oscar will go first, as
he has a plane to catch. I would suggest that each of you plan on speaking
for about 30 (no more than 40) minutes, so as to leave time for questions
from what will be a lively audience of Enron executives.
You might want to begin with a general description of the political
situation, followed by a description of the present and future state of the
economy in each country. Then, you might turn to a more specific discussion
of matters of interest to Enron: the state of regulation and deregulation of
energy markets, the areas you consider should be of interest to Enron as
business opportunities, etc.
I do hope this is of help


It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


I received an e-mail earlier stating that I was to be included in the second
pilot along with Martin Cuilla and several other members of the Central
Desk.  Recently, Martin received a second e-mail asking him to accept an
invitation to the program.  Since the deadline for this application is
tomorrow, and I have yet to receive this e-mail, I would appreciate you
contacting me by phone in order to verify my inclusion.

Andy
3-6278


Accomplishments:
Conducted several workshops with EECC and the CALME region this week
Scheduled workshops with NEPCO
Have identified the needs to be addressed in the NEPCO workshops and are
arranging appropriate resources
Met with the London COE to discuss their status in terms of reporting (we are
sharing data from workshops)
Have made an initial offer to Corp HR cost center users to conduct workshops
for them
Brought in some EY help to work with the business units to understand the
multiple environments, extraction and analysis tools being used by the
different business units

Upcoming:
Additional workshops for EECC and ESA
Identification of the Corp groups that would like to have these sessions made
available (and subjects they would like to cover)
Will complete the "user" guides with screen prints to give out to all
participants (step by step instructions, tools, and tips)
Finalize the NEPCO workshops (Mar 20-22)
Produce a plan for upcoming workshops for ECCS and Design review

Summary analysis of evaluations from this week's workshops:
Our overall belief is that the workshops, the one on one attention, the new
content etc. are being received very well (scores averages around 3.5 on a
scale of 1-4)
The score for the question of whether SAP will meet the reporting needs is
still too low (average of 2.8).  We will continue to analyze the root cause
of this problem.
There is definitely an improvement in people understanding which modules
contain which data.  We believe that a hand-out we developed really helped
this and will continue to continue to emphasize this learning.

Comments received:
Very good and useful
Could have used this sooner
Sessions are not long enough
I love the workshop idea, its so much better than training classes

Feel free to contact me, Melissa or Kim with any questions or concerns.

Greg


For those who care. The new site is up and running.

I'm hosting myself so there is a lot of new stuff out there. From new (old)
baby pictures, Kelly and Lee Ann Christmas parties, Harvey parties, bowl
games, weddings....

If you seriously don't have anything else to do check it out at
http://www.ehorne.com/

Mike


Kim,

I am waiting on an answer from our legal dept.  They were making a minor change to the special provisions.  I will send to you as soon as I get the approval from them.

Beth

>>> <Kim.Ward@enron.com> 10/16/01 10:37AM >>>
Thanks, Beth.  Credit will review and I will let you know if he has any
questions.  I think the next thing we were waiting on were your new
contracts.  If you guys need anything   while we are waiting on those,
please let me know!  Also, if we need to meet in person, once we get things
rolling, we are available to come to Dallas.

Thanks,

Kim

 -----Original Message-----
From:     "Beth Conrad" <BethC@pandaenergy.com>@ENRON
Sent:     Tuesday, October 16, 2001 8:10 AM
To:       Ward, Kim S (Houston)
Cc:       Jim Adams
Subject:  Proforma's

Kim,

Attached are the proforma's for our El Dorado, AK and Gila River plants.
If you need anything else please give me a call.

Beth

 - El Doradoproforma10-11-01.xls << File: El Doradoproforma10-11-01.xls >>
 - GilaRiveproforma.xls << File: GilaRiveproforma.xls >>

**********************************************************************
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.
**********************************************************************


At the risk of making you crazy, I've come up with a suggested rework of the
term sheet, as I was having horrible problems with formatting when I was
doing revisions.  Now all I have to do is fill in the blanks.

I'm ready when you are.

ckm


i was hung over yesterday.  i had a good time on sun.  i think you shot a
126.  you would have had to shoot a 53 on the back and i think you shot a 60.


Joel:

Thanks for your note back.  Unfortunately I don't get into town until quite late on Friday evening so Saturday and Sunday are the only days I can make it.  Do you know yet where you'll be located?

Mark

 -----Original Message-----
From: 	"Joel F. Potter" <jfpottercys@worldnet.att.net>@ENRON [mailto:IMCEANOTES-+22Joel+20F+2E+20Potter+22+20+3Cjfpottercys+40worldnet+2Eatt+2Enet+3E+40ENRON@ENRON.com]
Sent:	Friday, September 28, 2001 4:44 PM
To:	Taylor, Mark E (Legal)
Subject:	RE: Ft. Lauderdale Boat Show

Dear Mark:

No appointment is needed but Trade Day (Thursday) is usually best/least busy day to come
aboard.  Shall I send you some tickets for that day?  If you would like them please send
me your mailing address.

Best Regards,
Joel F. Potter
Cruising Yacht Specialist
Amel's Sole Associate for the Americas

-----Original Message-----
From: Taylor, Mark E (Legal) [mailto:Mark.Taylor@ENRON.com]
Sent: Friday, September 28, 2001 3:55 PM
To: jfpottercys@att.net
Cc: TedBockius@spherion.com
Subject: Ft. Lauderdale Boat Show

I understand that you will have an Amel at the Ft. Lauderdale boat show
next month.  Do I need an appointment to see the boat?

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)

**********************************************************************
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.
**********************************************************************


I found $357 not showing up on Texas Gas, K#T016336, AND the OLD total for
Texas Gas is showing $18,423 when the actual total is only $1,442.

We are showing the Equitrans contract on both ENA and CES.  For now, I'm
taking it out of the ENA sheet - its $7,000

That's all for now.

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/17/2000 07:43
AM ---------------------------

Chris Germany
05/17/2000 07:37 AM
To: Crystal Hyde/HOU/ECT@ECT
cc:
Subject: New transport

I just found somehting that will probably stick out when you run the new
demand charges.  The TETCO demand charges on the ECT Trans worksheet were not
subtotaled.  The total demand for these charges was $18,424.


(To unsubscribe from this email, please read the
information at the end of this message.)

Dear RealPlayer Customer,

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I love this one.

To be happy you must have taken the measure of your powers; tasted the fruits
of your passion and learned your place in the world.

           -- George Santayana


I haven't seen a signed copy of the termination agreement cross my desk.  I
just want to make sure that the fully executed document has been processed.

Thanks,

Kay


Enjoy!
 - 20020126ERCOT_LOAD.XLS
 - 20020126ERCOT_FLOW.XLS


Your message

  To:      Swift, Stephen L (PS, CommOps); mike.barnas@ps.ge.com
  Cc:      Jacoby, Ben
  Subject: NorthWestern
  Sent:    Mon, 26 Nov 2001 18:17:26 -0500

did not reach the following recipient(s):

mike.barnas@ps.ge.com on Mon, 26 Nov 2001 18:22:14 -0500
    The recipient name is not recognized
	The MTS-ID of the original message is:
c=us;a=mark400;p=ge;l=NYSCHX06PSGE0111262322XK6JA9FX
    MSEXCH:IMS:GE:PSSCH:NYSCHX06PSGE 0 (000C05A6) Unknown Recipient


Spoke with Dale Ginter (bankruptcy lawyer).  Problem is that Merced wants to cut a deal and terminate if they can pay over 18 months.  I explained that we would terminate if he didn't.  I agreed to not act today and advise him of our decision.

Louis, we should talk about this one.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


How did we ever resolve the two signed masters situation for Elf Trading S.A.
(ECT & ECt Int'l)?


The first quarter of 2001 was a record quarter for the performance of the businesses under the Enron Global Markets group.  We posted a gross margin number of $100 million for the first quarter.  This represents a 38% increase in gross margin after a very successful Q1 of 2000.  When combined with outstanding results posted in December of 2000, EGM has contributed over $187 million to the Wholesale group in the last 4 months.  This was due to tremendous contributions from each business group.

In order to keep the momentum going and to facilitate more growth, the following changes and additions have been made within the organization.

Crude and Products group
Mid-marketing
Bill Berkeland has joined the group and is responsible for creating a focused mid-marketing function specifically within this group.  Fred Lagrasta is responsible for mid-marketing for Enron Americas and still maintains some responsibility for various contacts and deal flow as well.  The purpose of this group is to be very focused in the development of crude and product specific products and services.  This group reports to Randy Maffett.

Origination
In order to manage the increased origination opportunities around the world, the Origination group has been changed in order to insure that the proper focus is placed on these opportunities and to manage its wide scope.  Doug Friedman will lead our NGL and Petchem origination efforts reporting to John Nowlan.  Joining Doug will be Rick Cantrell recently hired from Union Carbide.  The global crude and products origination group has added Randy O'Conner from Red Meteor, who has extensive experience in these markets.  Both Randy and Doug Leach's growing fuels origination group will report to Randy Maffett.

Trading
Lee Jackson will assume the role of U.S. NGL's lead financial trader, supported by Chad South.  The petchem and plastic trading businesses have been reorganized under Stuart Bland.  Alan Engberg will be responsible for plastics trading in the Americas.

Shipping
Scott Moncrieff will assume responsibility of our global shipping network related to crude and products.  Scott will be charged with expanding all aspects of the shipping portfolio taking advantage of our growing presence in these markets and the successes we have had marketing shipping on line.

Weather
The weather group under Mark Tawney's direction is expanding its efforts around the world.  Europe will have an expanded focus and the London office will focus on new opportunities in Europe.  Paul Murray has joined Enron from Castlebridge Partners and will be moving to London to develop and expand the continental opportunities.  Ross McIntyre, currently based in London, will report to Paul.  Bill Windle has joined the weather group and has responsibility for origination activities for North America.  Bill's most recent assignment has been in the EBS organization.  The Oslo weather office managed by Thor Lien will have responsibility for Scandinavia weather activities.  In addition, employees are being added in the Australia and Japan regions.  We are now making markets in 32 cities around the world on EnronOnline.

Coal
Mark Schroeder has joined the coal group and is responsible for origination activities with generators in the U.S.  Mark's most recent assignment was as the head of all regulatory activities for Enron Europe, Japan and Australia.

Enron Japan
The momentum of power deregulation process has slowed in Japan.  The decision has been made to scale back the wholesale power activities.   Joe Hirl, President and CEO of Enron Japan, will now report into the EGM organization.  Joe will maintain his direct responsibility of the office and will be increasing his focus on the business lines within EGM.  All of these products have high growth potential in both the near and long-term and he will coordinate and help implement with all the business lines and their activities.

LNG
LNG continues to expand with the vision to increase the number of transactions and create a portfolio of assets and contractual access around the world.  Jonathan Whitehead has joined the LNG group and has responsibility for all trading and shipping activities.

Neal Gerstandt, previously an independent energy consultant,  Jared Kaiser, from Enron Americas - East Gas Desk, and Kurt Lindahl, from Enron Global Assets, have also joined the LNG group with responsibilities in the area of origination in the Western Region.

Enron Freight Markets
EFM has concluded over 2,000 transactions in its first two months.  Chris Kravas continues to focus on building the spot trading and mid-market capabilities that will enable it to be the dominant player in its market, and has hired four new traders in the last two weeks.  Kellie Metcalf, from EBS, has joined Shawn Cumberland's origination effort, and Deirdre McCaffrey, from Gas Structuring and Mid-Market, has joined Matt Arnold's forward trading group focusing on diesel products.

Global Risk Markets
David Hoog joined Enron from Ace Insurance in December 2000 and has quickly built a team of people specialized in trading unit contingent power price call options, a hybrid insurance derivative product. Drawing on Ace and Enron resources, this team is based in New York and includes Alex Tartakovski and Larry Marcus from Ace, as well as Joana Bekerman and Tony Chang who recently moved to New York from Houston. Their first transaction closed just 3 months after startup.

Brad Blesie will be moving to London in June to establish a base of operation for GRM and expand our insurance derivative activities into the European market place. Among the opportunities he is currently exploring are contingent call options applied to shipping and charter rates, trading insolvent insurance claims, and combining North Sea oil and gas VPP risk with decommissioning insurance.

In April this year, EGM established a hedge fund origination effort in New York reporting to Per Sekse and led by Russell Dyk who recently moved to New York from LNG in Houston. Russell is responsible for expanding our commodity trading relationship with hedge funds to include crude oil, products, liquids and other commodities traded by EGM. Joining Russell in this effort is Stephen Plauche, who comes to us from Enron Americas' power trading desk.

Financial Trading
Elsa Piekielniak has assumed responsibility for Enron's developing agriculture business.  Billy Lemmons has changed groups and now runs the Analyst and Associate program for Enron Corp.

Please congratulate everyone on their new assignment and we look forward to the continued growth in all the EGM businesses.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Dan - Lunch

Date:		3/21/2001
Time:		11:30 AM - 1:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


As agreed on the 5/31 conference call, Enron will prepare an annex discussion
draft which incorporates comments provided to the group.  Anyone wishing to,
may send me comments on the intial draft prepared by Bill McCoy last winter
by JUNE 6.  Enron's discussion draft will then be prepared based on comments
received and circulated for further discussion.

The collateral group agreed to meet in Houston on July 31.  I would like to
schedule the Drafting Committee meeting either on the 7/30 or 8/1.


Attached please see last weeks (4/1/99) sample run results.

This weeks sample run will not take place on Thursday due to PG&E's request
and will be performed on Friday the 9th instead.  Should still receive the
results prior to next weeks report.

Started decontamination and filter change outs of the 1) inlet filter
seperator at the Solexol Plant 2) both filter seperators on the discharge of
the Solexol Plant 3) the filter seperator at Transwesterns PG&E measurement
station.  Operations and contractors are gearing up today (Thursday 4/8) to
start the decontamination on the inlet filter at the Solexol plant which will
set the pace for the remaining 3 seperators.

Operations has been informed that PG&E will be performing a decontamination
and filter change out at their filter seperator on the inlet of the PG&E
Topac compressor station.  This has been scheduled for April 28th.


Hi Sabrina.

  Sorry it has taken me a while to get back to you on this.  Jenny Thome and Lisa Gang are working on Avista true-up from Jan '02 thru current. I believe that this pre-payment for $899,464.00 is for the week of Jan 1 thru Jan 7, 2002.  Mo - can you please confirm this?  The wire transfer request is pending 26, but  just says prepay without a trade date.  Payment was made 12/21/02.

  Virginia

 -----Original Message-----
From: 	Minnis, Sabrina
Sent:	Wednesday, June 12, 2002 1:25 PM
To:	Thompson, Virginia
Subject:	Avista Energy Post Petition Pre-Pay

Hi Virginia,

On December 21, 2001, Jake Thomas sent a prepayment wire request of $899,464 to be paid to Avista. I'm doing a reconciliation for Avista and I need to know for what month this should be applied to. Can you please e-mail me back if you have this information? Your help is deeply appreciated. Thanks.


That's right.  Sorry I was on vacation yesterday and didn't have a chance to respond to the various drafts.  We went ahead and filed the general comments sent out late Thursday for review.  gh

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Friday, October 19, 2001 5:04 PM
To:	Hass, Glen
Subject:	Gas Filing

I assume that you don' t need Mike Day to file TW's comments.  You got it covered?  Just let me know.

Jeff
415.782.7822


-----Original Message-----
From: Joey [mailto:jwu@AMEREXENERGY.COM]
Sent: Tuesday, February 12, 2002 1:59 PM
To: Parks, Joe
Subject: Price Reports

Here are the price reports you requested. If you  have any other questions,
feel free to call me at 281-340-0800, or just e-mail  me back.

Joey Wu


Here is the swap confirmations.

----- Forwarded by Stacy E Dickson/HOU/ECT on 03/29/2001 05:04 PM -----

	Larry Joe Hunter
	03/29/2001 04:45 PM

		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc:
		 Subject: Re: Confirm

Stacy,

See attached.  We do have an executed ISDA with NUI Energy Brokers, Inc.
Also, there is Draft language in the header and footer that you may want to
take out.

Thanks,
Joe


That works for me.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Wednesday, November 14, 2001 2:14 PM
To:	Krimsky, Steven; Jacoby, Ben
Subject:	DOAH consolidation

Hi there.

We need to get to closure on how to respond to motion to consolidate, and how to deal with the 36 vs 42 issue on Deerfield. Shall we try again for a conference call later today? Karri is available up until 4:30pm, (Central).

Thanks,

Kay


The attached corrected news release was distributed via PR Newswire at 11:49
am central today (03/09/01).  The correction was made on Page 2, Paragraph 2
from "109 Mcfe per day" to "109 million cubic feet of natural gas equivalent
per day".

If you have any questions please contact Mr. Frank Pici at (281) 584-5500 or
myself at (281) 584-5571.

Thank you.

Kimm Cashiola
Mariner Energy, Inc.
Executive Assistant to VP Finance/CFO
End User Support Help Desk
(281) 584-5571
kcashiola@mariner-energy.com <mailto:kcashiola@mariner-energy.com>

 - Notebook.jpg
 - FY2000Results030801.doc


---------------------- Forwarded by Drew Fossum/ET&S/Enron on 04/19/2000
09:47 PM ---------------------------

Drew Fossum
04/19/2000 09:45 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON
cc: Steve Harris/HOU/ECT@ECT, Kevin Hyatt/ET&S/Enron@Enron, Lorraine
Lindberg/ET&S/Enron@ENRON, James Centilli/ET&S/Enron@ENRON

Subject: Pueblo

Here's a weird one.  Could we structure the Pueblo pipeline project with the
following characteristics:
1.  The lateral from TW's mainline to Albeq. is wholly TW owned (i.e., no
joint venture with Langley);
2.  The lateral  is 100% debt financed (i.e., it is expected to cost about
$20 million, which TW would borrow in a project financing, secured by the
revenue stream under the firm contract for service on the new lateral);
3.  TW files for a 7(c) certificate, seeking an incremental rate for service
on the new lateral;  Any service on the TW mainline will be subject to TW's
existing rates;
4.  TW designs the max. incremental rate based on normal cap. structure,
deprec., O&M, allocations, etc.
5.  TW has one contract for 40,000/day, for 10 years for service on the
lateral;
6.   The rate for that one customer is a negotiated rate that is based on an
alternative ratemaking study under which the customer pays enough $$ to cover
debt service on the project financing, incremental deprec., O&M, A&G, etc.
No allocated costs or any other costs related to TW's preexisting facilities
are included in the negotiated rate.
7.  TW is entirely at risk for cost recovery, but the one contract covers all
actual costs, except return and taxes on the new line. Basically, the one
contract locks in a floor of break even cash flow.  If TW fails to lock up
any additional customers there will never be any "taxable income" for the
line since debt servicing costs and other expenses completely eat up the
revenue under the one big contract.  Therefore, there will never be any
return or taxes related to the new line, unless TW locks up additional
contracts.
8.  Any additional contracts TW locks up will generate TW's upside for the
project.

The question is can we do this?  Will FERC let us build it?  Will FERC let us
oversize the pipeline significantly larger than the 40,000/day that the one
big firm customer needs?   I'm sure I've left out important facts, so I'll
try to grab you tomorrow to discuss.

The overall objective is to create the "leanest" possible initial cost
structure for the pipeline, and therefore for the Langley power plant,
consistent with TW being able to get the new pipeline built.  I.e., lets get
the pipe built and help the power plant get to a cheap enough elec. rate that
they can get their big contract with the govt.  and economically sell surplus
off-peak power onto the grid.  Even if the new incremental rate for service
on the lateral is a break even rate, TW's upside comes from incremental
throughput from the Permian to the new lateral, at a rate of $___/MMBtu, and
from any additional bypass load we can pick up from PNM (it looks like TW's
rates off of the new line will beat PNM's industrial rates).

I appreciate your input on this.  DF


Our weekly call for next week will be moved to Wednesday, April 4th
@10:00AM.  This will be a one time change.  For those in Houston, we will
meet in our usual room 4793.

Thank you.


Just a reminder to you basketball freaks!

http://www.sportingnews.com/voices/tom_dienhart/20010312.html


John:
The head of our Online group reviewed the letter that I sent to you last week
and requested one change.  Enclosed is a marked and clean version of the ETA
amendment letter which addresses all of the issues that we discussed and may
need to be revised further to address the issues that you discussed with
Leslie Hansen.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


Harassment Avoidance Training

To contribute our personal best at Enron, our conduct must promote respectful and co-operative work relationships.  Workplace harassment conflicts with Enron's vision and values and violates Company policy.  Harassment also can violate federal and state laws.  By understanding what harassment is and its potential harm, we can prevent it in our workplace.

During this training you will:
Be able to recognize harassment
Learn to take precautions against being harassed
Learn to avoid being considered a harasser
Know how to address a situation involving harassment
Learn how harassment prevention is consistent with Enron Values

Go to <http://elm.enron.com> to sign up for the session of your choice.  Harassment Avoidance is listed in the Compliance Category.  If you have problems registering or have any questions, please call 713-853-0357.

The date and times available for sessions are:

Day	Date	Session I	Session II	Session III
Wednesday	Sept 19	1:30 - 2:45	3:00 - 4:15	4:30 - 5:45
Wednesday	Sept 26	1:30 - 2:45	3:00 - 4:15	4:30 - 5:45
Tuesday	Oct 2	1:30 - 2:45	3:00 - 4:15	4:30 - 5:45
Wednesday	Oct 3	1:30 - 2:45	3:00 - 4:15	4:30 - 5:45
Thursday	Oct 4	1:30 - 2:45	3:00 - 4:15	4:30 - 5:45

All training sessions will be held in the LaSalle Room at the Double Tree hotel.  There is a $50 charge for each enrollee/attendee in the training session.

This training is mandatory for all Enron employees.  However, those who have already attended the Enron harassment avoidance training will be offered a refresher course at a later date.


Dandy.  Thanks so much.  What's the address of the W?

Best,
Jeff


Dear E204-1, E204-2 Students,
I am attaching a set of problems for your review.  They are only sample
problems for discussion during the review session and should not to be
deemed to have special significance for the in-class final exam.  Of course,
the general concepts will have to be somewhat relevant/helpful.  I have not
covered every aspect of the course in the questions and the exam questions
may well deal with other topics/models.  I have also included solutions,
but you should think about the problems first -- the value is in your working
on the problems as much as it is seeing the answer.

As for the take-home exam, one student inquired whether parts (b), (c), and
(d)
were separate or cumulative questions in Problem  1-- They are separate such
that each change is a change to the original model without other changes.
In Problem 2, I refer to "secondary" unit, and by this I meant the Backup
instrument.
When I ask you to estimate the probabilities (in Problem 2) from
"the simulation results only," I intend that you will not derive the
theoretical result
from probability concepts.
--Tom McCullough
 - E204_Sample Exam Probs.doc
 - E204_Sample Exam Probs+Solutions.doc

=======================================================================
Tom McCullough
Senior Lecturer
Haas School of Business
University of California at Berkeley
==========================================================================


See my revisions (and one question).  Let's revise and circulate.

Karen Denne
06/06/2001 05:57 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: New Cost Memo


The FERC "Westwide" order issued at approximately 8 p.m. EDT Tuesday and per
the order is effective begining 6/20/01.  It is available at
http://www.ferc.gov/electric/bulkpower.htm.

A few hard copies are at my desk in Portland.


The attached media statement was sent out to media this evening. John Ambler
has asked me to forward the same to you fyi
regards
Jimmy


Marchris --

Some things on follow-up from Ken Lay's call with Jeb Bush (could you have
answers by End of Week) -

1. What is the process post the FL Supreme Court decision.  Did anyone appeal
to the Federal Courts?  Outcome of that action, if taken?

2. Is it possible for the FERC to simply act to waive the CCN need?  Did we
ever discuss with FERC counsel the ability for that agency to "override" the
CCN for any filing EWG?  What would they need to do?  Would FERC need to take
on the FPSC or Fla Supreme Court?  A state should have the right to worry
about safety and reliability, but not interfere with wholesale competition.

3. Have we calculated a "back of the envelope" $ value for the margin the
Utilities (FPL, TECO, FPC) will obtain by transferring generation at book?  I
would think that nuke should be at book (this is a gimme) with the fossil
analyzed as the difference between average book ($/kw) and market value ($/kw
- see Ben Jacoby).  What is the total $?

My understanding is that Steve Kean is heading into Florida to meet with Sect
of Environment next week.  We need to try and get a read from the Utilities
on how much $ would they be willing to give back in rate decreases as a
Generation Stranded Benefit to see this deal through before the meeting.

Thanks,

Jim


I should have included you.  Sorry!
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/05/2001 01:52
PM ---------------------------

Kay Mann
02/05/2001 11:21 AM
To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, David Marshall/HOU/ECT@ECT
cc: Roseann Engeldorf/Corp/Enron@ENRON

Subject: Blue Dog Change Order

Hi there,

I've made some suggested changes on the CO you sent.  In the interest of time
I'm sending this to David Marshall, since this largely deals with ROL and
insurance, and I couldn't tell if he has read this previously.

Thanks,

Kay


Mark,  Do you have these documents?

----- Forwarded by Gerald Nemec/HOU/ECT on 03/01/2001 09:15 AM -----

	Stephanie Miller@ENRON
	03/01/2001 08:16 AM

		 To: Chris Meyer/HOU/ECT@ECT
		 cc: Gerald Nemec/HOU/ECT@ECT
		 Subject: Re: Huber Contracts

Actually, I sent everything to Mark Whitt in Denver for execution.

Steph

Chris Meyer@ECT
03/01/2001 07:53 AM
To: Gerald Nemec/HOU/ECT@ECT
cc: Stephanie Miller/Corp/Enron@ENRON

Subject: Re: Huber Contracts

Stephanie Miller has them.

chris

To: Chris Meyer/HOU/ECT@ECT
cc:
Subject: Re: Huber Contracts

Did you ever receive these documents?  If so, I need the originals.

----- Forwarded by Gerald Nemec/HOU/ECT on 02/28/2001 05:35 PM -----

	"Brian Stone" <htebs@huber.com>
	02/05/2001 10:56 AM

		 To: <Chris.Meyer@enron.com>
		 cc: <Gerald.Nemec@enron.com>, <Mark.Whitt@enron.com>,
<Stephanie.Miller@enron.com>
		 Subject: Re: Huber Contracts

Chris,
Huber has executed the following documents today:

1. Trailblazer Assignment and Assumption Agreement signed add'l
original

2.  Amended and Restated Transaction Agreement #2

3.  Enfolio Master Firm Purchase / Sale Agreement replacing a
previously executed "fax" version.

I will overnight the documents to you.  Please have them executed and
return one of each for my files.

Thanks for your help, and best of luck in your new venture at Enron.
Brian Stone.


This is your internal competition.  If you have any dirt on any of these people please let Karen know.  Just kidding.

Tom

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Tuesday, October 02, 2001 2:04 PM
To:	Martin, Thomas A.
Subject:	 ENA TRADING TRACK

 The following are the internal candidates selected to be interviewed for the ENA trading track.  Please forward me any final recommendations:

1.	Benke Terrell
2.	Burk Bart
3.	Giron Gustavo
4.	Hamlin Mason
5.	Horne Jonathon
6.	Huang Jason
7.	Hull Bryan
8.	Inman Zachary
9.	Jenkins Daniel
10.	Larkworthy Carrie
11.	Lieskovsky Jozef
12.	Lisk Daniel
13.	Lo Jeremey
14.	Meigs Mark
15.	Murray Kevin
16.	Pan Steve
17.	Rourke Ryan
18.	Sell Maximilian

Rgds,

Karen B.
x54667


Ex

Susan Scott
01/24/2001 10:24 AM
To: Kevin Hyatt/ET&S/Enron@Enron, James Centilli/ET&S/Enron@ENRON, Drew
Fossum@ENRON, Kim Kouri/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON
cc:

Subject: ECS Gallup contract: Update

I spoke with the person who administers the Members Only website at
TriState.  I explained to her that we had been a customer under Rate No. 21
since July but only obtained access recently.  She processes the request
forms, and seemed to indicate that obtaining access is really a matter of
routine.  She said we should have been able to get access as soon as we
became a customer.  I told her we had signed a confidentiality agreement and
she confirmed this was routine also.  I did not press her on the specifics of
how ECS/TW obtained access, as I felt she had already given me enough
information to tend to confirm our suspicions.  She was helpful, and had we
known to contact her or someone in her department I feel certain we could
have talked our way thru the red tape (if any really existed).
---------------------- Forwarded by Susan Scott/ET&S/Enron on 01/24/2001
10:14 AM ---------------------------

Susan Scott
01/21/2001 12:45 PM
To: Kevin Hyatt/ET&S/Enron@Enron, James Centilli/ET&S/Enron@ENRON, Drew
Fossum@ENRON
cc: Steven Harris/ET&S/Enron@ENRON

Subject: ECS Gallup contract

Here are some bullet points based on our conversation Friday morning
regarding the ECS Compression Service Agreement.  These bullet points
summarize our position and are intended to be a starting point for a
conversation between persons at TW and at ECS (who are yet to be determined)
regarding the additional power costs incurred by Transwestern as a result of
the lack of a system for monitoring peak loads on CDEC.  If you have
additional comments, please let me know.

We still need to decide who is going to call whom; I am going to leave that
up to you, but do let me know if I can help.

-  ECS is under an obligation to work in good faith with CDEC to establish a
monitoring system that would automatically
alert TW to peak loading conditions on CDEC's system.

-  Rate No. 21 became effective in July 2000.  ECS did not obtain permission
for TW to access the "Members Only" portion of CDEC's website (which contains
load data) until January 2001.  Access to the information required a
confidentiality agreement, which was executed in December.

-  ECS blames the delay on Tri-State/CDEC, who allegedly would not work on
the confidentiality agreement until the merger was completed.   "Good faith"
by ECS would reasonably include alerting TW to any such delay or any
difficulty in getting access to CDEC's information.  TW was never contacted
in this regard.

-  Since Rate No. 21 contains a rebate for customers that avoid peak load
times, we assume that CDEC is under an obligation to provide such customers
with access to peak load information (I have not been able to verify this,
but it makes sense).  If this is true, we should have been able to have
access immediately upon the effectiveness of Rate No. 21.

-  Most if not all of the $325,000 peak load costs incurred by TW since July
could have been avoided had TW had access to a monitoring system.  Because it
did not alert TW to difficulties/delay in getting the necessary information
from CDEC, ECS did not act in good faith in obtaining such access and should
therefore take responsibility for its share of the consequences.

-  ECS needs to act without further delay to build an automated monitoring
system to eliminate the need for someone to continuously monitor the
website.  An estimated completion date should be provided.

I've left messages at CDEC to ask about access to the Members Only part of
the website; I'll follow up.  The website states only that access is granted
"on a case-by-case basis."  I hope to make contact on Monday and will let you
know what I'm able to learn from them.


---------------------- Forwarded by Don Miller/HOU/ECT on 05/17/2000 08:12 PM
---------------------------
From: Stuart Zisman on 05/17/2000 10:01 AM
To: Don Miller/HOU/ECT@ECT
cc: Lance Schuler-Legal/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT
Subject: Revised JV Term Sheet for E2

Attached is the JV Term Sheet that was originally drafted by Lance which I
have revised in the following ways:

1)  The concept of having 25% of the aggregate consideration supported by a
letter of credit or otherwise payable in cash has been added.
2)  The bracketed questions/comments relating to (1) Purchaser's potential
ability to effect a tax free contribution without requiring the establishment
by the issuer of a holding company and (2) the request for confirmation about
non-compete arrangements and development opportunities, have been deleted
[JORDAN - PLEASE ADVISE IF THIS IS PROBLEMATIC]
3)  The Doyle and Calumet facilities have been removed from Annex A
4)  The entity names for the Wheatland and Lincoln Sites have been inserted.

Please call asap with any questions or comments

Stuart


Due to an instructor illness - the Tuesday, 12:20pm Cardio Kick II Class has been cancelled.

We appreciate your patience and understanding.

The Body Shop


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
05:02 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
12/21/2000 04:33 AM
To: Vince J Kaminski@ECT
cc: Pinnamaneni Krishnarao@ECT
Subject: LNG Hedging

Vince,

FYI.  This is something the team has been working on with Krishna.

Regards,
Sandeep.
---------------------- Forwarded by Sandeep Kohli/ENRON_DEVELOPMENT on
12/21/2000 04:03 AM ---------------------------

Sandeep Kohli
12/21/2000 04:00 PM
To: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: LNG Hedging

Jim,

I am attaching below a small draft note prepared by Anshuman on LNG hedging.

It talks of two products:
(1) Volumetric Options (where we buy a call on 100% of the volumes and sell a
put on 50% of the volumes to finance the call), and
(2)  Ratio Derivative where we buy two calls at a higher price, and sell one
at a lower price to finance it.  This is not one that the traders agree to,
since at the upper price, the calls bought are just at the money, while the
sold call is in the money, and will cost the seller.

Hence, only Option 1 is useful.  It could provide risk mitigation in the high
price scenario, while allowing some participation in low prices.  To test it,
we used March 2001 period.  To have it cost neutral, we would buy a call at
$26, and sell the put at $25.15.

As we bounce these ideas, I think it is very important that we work closely
with the Global Markets group.  The team on the ground knows the contracts
better, and maybe able to give you insights on what can be sold to MSEB.

Would love to discuss the same with you.

Regards,
Sandeep.


FYI re:  California law.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 11/17/2000 11:13
AM ---------------------------

"Notestine, Kerry" <KNotestine@littler.com> on 11/17/2000 10:52:08 AM
To: "'knotestine@mciworldcom.net'" <knotestine@mciworldcom.net>
cc: "Cummings, Vicki" <VCummings@littler.com>
Subject: New California Statute on Disabilities

I am sending you a link to our newest ASAP on California disability issues.
Our ASAP's are our summaries of important developments in employment law.
If you do not have employees in California, this ASAP probably is not
relevant to your company.  This ASAP addresses a recent bill signed into law
that expands the definition of disability beyond federal law and creates a
new cause of action against employers for failing to engage in the
reasonable accommodation interactive process.

http://www.littler.com/nwsltr/asap_cal_disability.html

Just double-click on the link to open it.  Please notify me if you have
problems opening this link.  I can send you a hard copy of the ASAP if
necessary. In addition, feel free to print or forward this link to others in
your or other companies, or use it in any other manner that assists your
organization. In addition, let me know if you do not wish to receive these
updates.

Littler Mendelson is the nation's largest law firm devoted exclusively to
representing management in employment and labor matters.  With approximately
400 lawyers in 30 offices around the country, our firm handles more
employment matters than any other law firm.  Please contact me if you have
questions about the issues addressed in this ASAP or about any other
employment law issue

Kerry E Notestine
Littler Mendelson, PC
1900 Chevron Tower
1301 McKinney Street
Houston, Texas 77010
713.652.4748
713.951.9212 (fax)
knotestine@littler.com
www.littler.com

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http://www.littler.com


Attached are  EES's Volumetric NYMEX and Basis positions for 7/17/2000.

Robin, I'm expecting our position to be a little shorter (by about 30
contracts for Nymex).  Please contact me at x3-5070 if you have any questions.

Thanks,

Monica for Kyle