"So say we, All of us"

----- Original Message -----
From: "Randall Harman" <rharman@bass-associates.com>
To: "'Fred D Haulenbeek'" <fredinvt@juno.com>; <akinpa@email.msn.com>;
<bwall@copcp.com>; <WilliamHJordan@mindspring.com>;
<jansson@mindspring.com>; <judgegyro@yahoo.com>; <golfnbud@aol.com>;
<chuck.paul@a-closer-look.com>; <handshohl@eudoramail.com>;
<craigd9561@aol.com>; <christop@netcomuk.co.uk>;
<ccoburn@themissionbank.com>; <shackleton@worldnet.att.net>;
<boardwalk@iquest.net>; <dfullert@nmh.org>; <froby@holmesmurphy.com>;
<wgander@twa.com>; <John_Grumbles@berryplastics.com>;
<hbrunette@earthlink.net>; <harris@wheelerads.com>; <jdent@mmcable.com>;
<pastorhess@hotmail.com>; <jglass@mmind.net>; <jepetree@bellsouth.net>;
<jowen9653@aol.com>; <jskilli@enron.com>; <JAWallace12050@aol.com>;
<jstorthz@flash.net>; <johnmiller@advlaser.com>; <KCason@flash.net>;
<kstewart@ctcua.org>; <leland.white@energyspectrum.com>;
<markpa@gateway.net>; <Michael_Arends@putnaminv.com>; <Mbaddour@msn.com>;
<hutchathoh@aol.com>; <crrackups@aol.com>; <samuraimai@aol.com>;
<JimFUlrich@aol.com>; <sogborn@goiac.com>; <hosman@flash.net>;
"RHarman@Bass-Associates.com" <RHarman@bass-associates.com>;
<Bensons3@airmail.net>; <pwm1950@aol.com>; <boethia@hotmail.com>;
<AZaremba@FZCI.net>; <rrossell@angiodynamics.com>; <hosman@eskridge.net>
Sent: Tuesday, October 10, 2000 3:04 PM
Subject: RE: -kai-

> Sorry to hear Rob can't make it.....have him send Lucinda!!!!!
>
> -----Original Message-----
> From: Fred D Haulenbeek [SMTP:fredinvt@juno.com]
> Sent: Monday, October 09, 2000 9:18 PM
> To: akinpa@email.msn.com; bwall@copcp.com; WilliamHJordan@mindspring.com;
> jansson@mindspring.com; judgegyro@yahoo.com; golfnbud@aol.com;
> chuck.paul@a-closer-look.com; handshohl@eudoramail.com;
craigd9561@aol.com;
> christop@netcomuk.co.uk; ccoburn@themissionbank.com;
> shackleton@worldnet.att.net; boardwalk@iquest.net; dfullert@nmh.org;
> froby@holmesmurphy.com; wgander@twa.com; John_Grumbles@berryplastics.com;
> hbrunette@earthlink.net; harris@wheelerads.com; jdent@mmcable.com;
> pastorhess@hotmail.com; jglass@mmind.net; jepetree@bellsouth.net;
> jowen9653@aol.com; jskilli@enron.com; JAWallace12050@aol.com;
> jstorthz@flash.net; johnmiller@advlaser.com; KCason@flash.net;
> kstewart@ctcua.org; leland.white@energyspectrum.com; markpa@gateway.net;
> Michael_Arends@putnaminv.com; Mbaddour@msn.com; hutchathoh@aol.com; crra
> ckups@aol.com; samuraimai@aol.com; JimFUlrich@aol.com; sogborn@goiac.com;
> hosman@flash.net; RHarman@Bass-Associates.com; Bensons3@airmail.net;
> pwm1950@aol.com; boethia@hotmail.com; AZaremba@FZCI.net;
> rrossell@angiodynamics.com; hosman@eskridge.net
> Subject: -kai-
>
> Beta Thursday Night Gang,
>
> Significant progress has been made in our quest to locate an alternate
> venue for our Thursday night rendezvous.
>
> The suggestion actually came from Queensbury, NY of all places.  Yes,
> brother Rob Rossell ('77) has volunteered his brother Bill's
> establishment....Lakewood Landing.  Tom Benson says it's near Stan's Blue
> Note Inn.
>
> A brief description, details and directions will follow.
>
> I spoke to Mike Arends today...it looks like Mike will be joining us in
> spite of the fact that he will be at the alter 2 weeks later.  Rob
> Rossell tells me that Tim Strange is coming down with Harry Singleton.
> The brothers just keep on coming out of the woodwork.  Rob Bugh got into
> the loop only recently- too late to make plans to leave the flock behind.
>
> Though he's become a silver-gray, his hand keeps time and measure...check
> out Elvis doin' the hambone thing (attachment).  A Beta Top 40 included
> too! (don't worry Jansson, I still have my day job)
>
> -kai-
> BEEK << File: ATT00000.html >>  << File: Elvis.jpg >>  << File:
> lovingcup3.wav >>


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude18.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas18.pdf

Feb. WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clg-qog.pdf
Feb Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Feb Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUH-HOH.pdf
Feb/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUG-HUK.pdf
Feb/July Crude oil Spread
http://www.carrfut.com/research/Energy1/CLG-CLN.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG18.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG18.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL18.pdf


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As a follow up to our meeting, attached is the list of 37 counterparties with their associated limits for simulation purposes.

Regards,
Stephanie
3-9283
 -----Original Appointment-----
From: 	Rosado, Jennifer   On Behalf Of Shults, Bob
Sent:	Wednesday, February 06, 2002 8:52 AM
To:	Shults, Bob; DL-EOL eCommerce Support; Brackett, Debbie R.; Mcginnis, Stephanie; Gossett, Jeffrey C.; White, Stacey W.; Theriot, Kim S.; Gorny, Vladimir; Hayden, Frank; Koehler, Anne C.; Jafry, Rahil; Carter, Carl (CORP)
Cc:	Forster, David; O'Donnell - UBS, Pat; Becker, Lorraine; Gray, Mary Griff; Denny, Jennifer; Engel, Tom; Moore, Kathy M.; Meredith, Kevin; Sweitzer, Tara; Lees, Lisa
Subject:	Updated: ECS05075:  Update on February 7th Trading Simulation
When:	Wednesday, February 06, 2002 10:30 AM-11:30 AM (GMT-06:00) Central Time (US & Canada).
Where:	ECS05075:  Lorraine Becker will email location


Ellen,
 I understand from Debra Perlingiere that the Royster-Clark Inc master has
been signed.  That being the case, can you generate the appropriate
confirm/transaction agreement under that master?

	Ellen Wallumrod@ENRON
	03/29/2001 08:53 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Royster - Clark, Inc

Dan,

As discussed, please find below details of Phy Gas deal:

Deal Date: 3/22/01
Deal No: QY6327 / 687279
Buyer: Royster - Clark, Inc
Seller: ENA
Start Date: 4/1/01
End Date: 3/31/06
Firm
Volume: 2,800 / day
Price: NOVA.AECO-C-US. CGPR. M.I. plus USD 0.4875
Delivery Point: Northern Natural Gas Company - Ventura

Please let me know if you need any more details.

Thanks,
Ellen
x54099


Please review attached letter to customers ASAP.  Make sure you copy Steve
Hall on your comments.
---------------------- Forwarded by Mary Hain/HOU/ECT on 12/19/2000 08:35 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Marcus Wood" <mwood@stoel.com>                           12/18/2000
05:15 PM

To: Chris.H.Foster@enron.com, Steve.C.Hall@enron.com
cc: gfergus@brobeck.com, Christian.Yoder@enron.com,
Mark.E.Haedicke@enron.com, Mary.Hain@enron.com, Richardsanders@enron.com
Subject: Re: Draft letter to customers explaining refund risk

Steve

I attach the form of refund letter you sent, redlined with suggested
revisions. One matter I have not addressed:  The letter is not explicit as to
how any reduced amount from a resale of power will be allocated between
Enron's and the customer's share of the resale revenue; if the underlying
agreement is not clear on this point, an appropriate additional sentence
might be added.

Today I spoke with Mr. Fergus, who asked me to send him a copy of the letter
for his review and comment before it went out.   I also spoke with Mr.
Haedicke, who instructed me to send him or Mr. Sanders an information of copy
of materials I send to Mr. Fergus.  I thus have addressed copies of the
redline to each of these individuals.

I will be out of town Tuesday (back Wednesday).  However, I request that you
confirm whether Mr. Fergus has any reservations about the form of the letter.

 - Refund letter.doc


11:55AM Depart Houston

2:20PM Arrive Puerto Vallarta


Dear Mark Taylor,

Please review the language below; it is a first attempt at making a non
binding proposal to Noble Drilling.  Please return your approved language
asap.

Thanks
John A. Peyton

Dear Mark Mey,

We appreciate your interest in our new dayrate financial products.

For your consideration, we would like to indicatively propose a transaction
in which Enron North America would purchase a Financial Call Option ("Cap")
from Noble Drilling Corporation for the Calculation Period  April 1, 2001
through June 30, 2001 for one Rig.  The Strike Price would be $65,000 per
(Rig*Day) and the premium which we would pay to Noble Drilling Corporation
(within Five Business Days of the Trade Date) would be US Dollars $200,000.

The Commodity Reference Price would be the arithmetic mean of the high and
low Rig Day Rates for JU-300'-IC as published by Offshore Data Services,
Inc., or its successor, in the last issue of Gulf of Mexico Weekly Rig
Locator, or any successor publication, published during the applicable
Calculation Period, on the page entitled "Gulf of Mexico Rig Utilization and
Day Rates".  The Payment Date(s) would be the fifth (5th) Business Day
following the date on which the Floating Price is determinable.

We have authority to enter into the above transaction and would be able to
move quickly toward providing you with an executable contract.  Because the
market for dayrates is highly volatile and because we may have made similar
proposals to other counterparties, this indicative proposal is only good
until August 31st, 2000.  We look forward to further discussions.

This document contains indicative terms only and is not intended to create a
binding or enforceable contract nor is it an offer or commitment to enter
into any transaction.  All terms are subject to change until agreement as to
a specific transaction has been reached.  ENA is not acting as a fiduciary or
advisor and you should evaluate and understand the terms, conditions, and
risks of all transactions in making your decisions with respect thereto.  The
proposal described herein is subject to further review and approval by ENA
and Counterparty and, among other matters, further review and approval of the
board of directors of each party, and the negotiations, execution and
delivery of definitive agreements containing all appropriate provisions,
including those related to credit, limitations of damages and others.

Sincerely,

John A. Peyton
Director
Enron North America
713-853-0395 work
713-858-6810 car


---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/05/2001
03:56 PM ---------------------------

mark.c.austin@us.andersen.com on 04/05/2001 01:54:06 PM
To: darron.c.giron@enron.com, errol.mclaughlin@enron.com,
kam.keiser@enron.com, david.baumbach@enron.com, phillip.m.love@enron.com
cc: sharon.k.smith@us.arthurandersen.com, jeffrey.c.gossett@enron.com
Subject: 1st Qtr Gas Trading Requests

Please find attached a matrix outlining all requests made for the 1st quarter
2001 to date, the Enron contacts for those items, and the status of each
requested item.  If I have erroneously noted the wrong contact, please let
myself and the correct person responsible know at your earliest convenience.
Also, this e-mail is only being sent to the desk leads, so please forward to
those responsible in your groups.  Please forward the requested information as
soon as possible as it needed to complete our 1st quarter testing for Earnings
Release.  Let me know if you have any questions or comments.

Best Regards,

Mark Austin
ext. 68680

(See attached file: Qtr Testing Checklist.xls)

*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If you
are not the addressee indicated in this message (or responsible for delivery
of
the message to such person), you may not copy or deliver this message to
anyone.
In such case, you should destroy this message and kindly notify the sender by
reply email. Please advise immediately if you or your employer does not
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to Internet email for messages of this kind.  Opinions, conclusions and other
information in this message that do not relate to the official business of my
firm shall be understood as neither given nor endorsed by it.

 - Qtr Testing Checklist.xls


GOOD MORNING AND HAPPY HOLIDAYS!
A few things for tomorrow:

1.  We have been moved to the Grill Room on the 9th floor of the Houston
Club.

2. Please bring the materials that were mailed to you last week (the
budget and the year end report).  In an effort to be more economical and
efficient, we will not be reproducing those documents for the meeting.

3.  If you have not already emailed or called in your response for the
meeting tomorrow, please do so as soon as you can.  Thanks.

See you then!

Arlene McCarty
Executive Assistant to
  the President and CEO
1200 Smith, Suite 700
Houston, TX 77002
713-844-3602 (phone)
713-844-0202 (fax)
< http://www.houston.org <http://www.houston.org/> >


James Hardie Australia Finance Pty. Limited
Thanks for the response. I'll let you know what I conclude (or am able to
negotiate!). Please keep me updated.  Sara

David Minns@ENRON_DEVELOPMENT
02/02/2000 03:39 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Alan Aronowitz@ECT
Subject: Re: Australian counterparties - Guaranty in connection with ISDA
Master Swap Agreement

Sara, US legal opinions on guaranties is a hot issue for us. We needed to get
one when we were first granted our licence to trade electricity derivatives
in 1998 from Cadwalader Wickersham and Taft. It advises on the enforcability
of a guaranty under NY law in NY. I will fax it to you. I was planning on
getting an updated opinion as our guaranty form has developed. Also there are
several counterparties who are insisting on an individual opinion, which to
date we have not been willing give.

I am also working through Clement Abrams to get a legal opinion From Vincent
and Elkins on the enforceability of judgment in Australian court in respect
of a Guaranty  in NY. That is a more complicated exercise.

Anyway to answer your question it is customary to an extent. A number of law
firms advise their clients to get to cover themselves. Who is the
counterparty?

Sara Shackleton@ECT
02/03/2000 04:47 AM
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Australian counterparties - Guaranty in connection with ISDA Master
Swap Agreement

I am negotiating an ISDA on behalf of ENA with an Australian corporate
insisting upon a legal opinion (enforceability) with respect to the Enron
Corp. guaranty.  Is this a customary request by Australian corporates that
you would normally grant?  If so, who has issued the opinion?  I look forward
to your reply.  Regards.  Sara


Here's what's happening on the QF negotiations through the Treasury Dept.
----- Forwarded by Susan J Mara/NA/Enron on 01/16/2001 11:11 AM -----

	"Steven Kelly" <steven@iepa.com>
	01/15/2001 07:50 PM
	Please respond to "Steven Kelly"

		 To: "Wayne Kawamoto" <wkawamoto@wm.com>, "Ward Scobee"
<wscobee@caithnessenergy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>,
"Thomas Heller" <hellertj@apci.com>, "Steve Ponder" <steve_ponder@fpl.com>,
"Steve Iliff" <siliff@riobravo-gm.com>, "Ross Ain" <ain@worldnet.att.net>,
"Robert Frees" <freesrj@apci.com>, "Pete Levitt" <Pete@calwind.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Paul Wood"
<paul_wood@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Milt
Schultz" <bfpjv@c-zone.net>, "Marty McFadden"
<marty_mcfadden@ogden-energy.com>, "Ken Salvagno" <kbssac@aol.com>, "Ken
Hoffman" <khoffman@caithnessenergy.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco"
<joe.greco@uaecorp.com>, "Jack Pigott" <jackp@calpine.com>, "Hap Boyd"
<hap.boyd@enron.com>, "Frank Misseldine" <fmisseldine@caithnessenergy.com>,
"Ed Tomeo" <ed.tomeo@uaecorp.com>, "Ed Maddox"
<emaddox@seawestwindpower.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Doug
Levitt" <SDL@calwind.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dean
Gosselin" <dean_gosselin@fpl.com>, "Bob Escalante"
<rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, "Bill
Woods" <billw@calpine.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill Adams"
<sangorgon@aol.com>, "Alex Sugaoka" <Alex.sugaoka@uaecorp.com>, "Lucian Fox"
<lucian_fox@ogden-energy.com>, "Rich Dyer" <Rich_dyer@ogden-energy.com>, "Ted
Cortopassi" <TCortopassi@ogden-energy.com>, "William Hall"
<wfhall2@duke-energy.com>, "Sue Mara" <smara@ect.enron.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Rob Lamkin" <rllamkin@seiworldwide.com>, "Kent
Palmerton" <kent.palmerton@williams.com>, "Jeff Dasovich"
<jdasovic@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Eric Eisenman"
<eric.eisenman@neg.pge.com>, "Curt Hatton" <curt.hatton@gen.pge.com>, "Cody
Carter" <cody.carter@williams.com>, "Carolyn Baker"
<cabaker@duke-energy.com>, "Mark Smith" <Mark.J.Smith@fpl.com>
		 cc: "Jan Smutny-Jones" <smutny@iepa.com>, "Katie Kaplan" <kaplan@iepa.com>,
"Carol Hudson" <Chudson@iepa.com>, "Steven Kelly" <steven@iepa.com>, "Andy
Brown" <abb@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Kent Burton"
<kent_burton@ogden-energy.com>
		 Subject: Fw: PG&E QF Forbearance and Energy Pricing Principles

Attached are the PG&E QF Forbearance and energy pricing principles developed
in the PG&E/QF-Gas Working Group.  This principles will be discussed
tomorrow, Tuesday;
----- Original Message -----
From: Diane Fellman <difellman@energy-law-group.com>
To: Carol Hudson (E-mail) <chudson@iepa.com>; Steven Kelly (E-mail)
<steven@iepa.com>
Sent: Monday, January 15, 2001 7:55 PM
Subject: FW: PG&E QF Forbearance and Energy Pricing Principles

> Dear Carol,
>
> Steven asked me to forward this to you.  He asked to forward this to the
> Restructuring Task Force and the QF Contract Task Force.  Call him on his
> cell phone if you have any questions.
>
> Thank you,
>
> Diane I. Fellman
> Energy Law Group LLP
> 1999 Harrison Street, Suite 2700
> Oakland, CA 94612
> Telephone:  (415)703-6000
> Facsimile:   (415)703-6001
> email:  difellman@energy-law-group.com
>
>
>
>
> -----Original Message-----
> From: Manheim, William (Law) [mailto:WVM3@pge.com]
> Sent: Monday, January 15, 2001 7:21 PM
> To: 'difellman@energy-law-group.com'
> Subject: FW: PG&E QF Forbearance and Energy Pricing Principles
>
>
>
>
> -----Original Message-----
> From: Michael Alcantar [mailto:mpa@aelaw.com]
> Sent: Monday, January 15, 2001 7:16 PM
> To: Kugelman, Richard; Hapner, Dede; Manheim, William (Law); Reid, Alice
> (Law); Steve Greenwald
> Cc: Joe Karp; Doug Kerner; Jerry Bloom; Evelyn Kahl Elsesser; James A.
> Ross
> Subject: PG&E QF Forbearance and Energy Pricing Principles
>
>
> Attached is our draft for further discussion.  The draft is in
> Wordperfect format.
>
>
>

 - 01-15-01 PG&E & QF Energy Pricing Principles for DC Summit.wpd


FYI:  The Deerfield Beach City Commission approved the Developer's Agreement
for the Deerfield Beach Energy Center today and we expect the Development
Review Committee to issue their approval of the project in the morning at a
10 am meeting.


hpuente@epelectric.com

915-543-4333


Daren do you have a problem if I copy the 2000 deal (362125) for Pioneer and
make a new one for 2001.  They have flow in Jan. This is giving me a meter
allocation exception forJan.  Let me know thanks.


-----Original Message-----
From: 	"ANDREW PRATT, BLOOMBERG/ NEWSROOM:" <APRATT@bloomberg.net>@ENRON
Sent:	Monday, October 29, 2001 9:25 AM
To:	Denne, Karen
Subject:	(MDY ) MOODY'S PLACES ALL L-T DEBT OF ENRON CORP ON REV FOR

this is moody'srelease

MOODY'S PLACES ALL L-T DEBT OF ENRON CORP ON REV FOR POSS DWN
2001-10-29 10:06 (New York)

New York                      New York
John Diaz                     Stephen G. Moore
Managing Director             VP - Senior Credit Officer
Corporate Finance             Corporate Finance
Moody's Investors Service     Moody's Investors Service
JOURNALISTS: (215) 967-6233   JOURNALISTS: (215) 967-6233
SUBSCRIBERS: (215) 967-6233   SUBSCRIBERS: (215) 967-6233

MOODY'S PLACES ALL LONG TERM DEBT OBLIGATIONS OF ENRON CORP ON REVIEW FOR
DOWNGRADE; SENIOR UNSECURED AT Baa1

Approximately $ 13 Billion of Debt Securities Affected.

New York, October 29, 2001 -- Moody's Investors Service placed all the
long term debt obligations of Enron on review for downgrade following the
announcement by Enron of significant write-downs and charges, reflecting
substantially reduced valuations in several of its businesses. These
actions affect Enron's broadband operations, its merchant portfolio and
the Azurix water company holdings. The company's Prime-2 rating for
commercial paper is confirmed.

Moody's has previously commented on the challenges impacting a number of
Enron's businesses but the magnitude of the announced charges will reduce
Enron's equity base and increase nominal financial leverage to somewhat
over 50.0% while slashing earnings. The company's previously announced
sale of Portland General, however, will result in cash proceeds
approximating $1.8 billion which management is earmarking for debt
reduction. In addition, the sale will remove approximately $1 billion of
debt obligations from Enron's balance sheet. Moody's notes that, while
this transaction will go a long way to help restore Enron's balance
sheet, it requires regulatory approval and is likely to take up to a year
to complete.

In its review, Moody's will focus on Enron's strategic direction and in
particular on the earnings and cash flow outlook for its core gas and
power wholesale businesses. We will also review management's progress in
dealing with problem areas such as its exposure to the California energy
markets and its Dhabol project in India. In addition, Moody's will
analyze further restructuring efforts and the potential for further asset
write-downs as well as for future asset sales that can generate cash for
debt reduction.

Debt securities under review include:

Guaranteed Senior NotesA3

Senior UnsecuredBaa1

Senior Secured or Conv./Exch. Sr. Sec. Shelf(P)A3 / (P)Baa1 / (P)Baa3

Senior SubordinatedBaa2

Guaranteed Cum. Trust PreferredBaa2

Guaranteed Trust PreferredBaa2

Senior Subordinated Shelf(P)Baa2

Cum. Guaranteed Preferred StockBaa3

Cum. Guaranteed Preferred Stock Shelf(P)Baa3

Also impacted by the review will be the following issues:

Marlin Water TrustBaa1

Osprey Trust (I & II)Baa2

European Power Limited Company (Margaux)Ba2

Enron Credit Linked Notes Trust (I & II)(Yosemite)Baa1

Enron is one of the world's largest energy companies with approximately
$63.4 billion in energy assets. The company produces electricity and
transports natural gas, develops, constructs and operates energy
facilities, and markets and delivers physical commodities and financial
and risk management services. It is headquartered in Houston, Texas.

                            end
-0- (MDY) Oct/29/2001 15:06 GMT


Sorry to hear about this weekend.  It is kind of sad that Mary Susan doesn't
have other options for her birthday.  Not that you guys aren't fun....

Michael and I've been home with strep since Wednesday.  He hasn't gotten
better, but I have. So, I'm not going to San Antonion, just heading for GTown
tomorrow.  I haven't decided whether I'm taking Michael. If he is feeling
better, I'll leave him with his sitter, Charlotte.  Since he has been ill,
I'll probably head back to Houston EARLY on Sunday, and won't wait for Paige
to get up.  Sorry it didn't work out with girls, but I understand.

Love,

Kay


I believe Frank is handling.
Is there a problem?  I approved them for LPG online last Friday (I think Tom
Moran handled from credit).

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

	Nidia Mendoza/ENRON@enronXgate
	04/10/2001 11:59 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Louis Dreyfus Plastics LLC master swap

Sara,

Will you please let me know what is the status of this master swap?

Thanks for your help,

Nidia
x3-4868


FYI...

GCP has received the following Clickpaper "load" of 24 new "Click"
Counterparties.
The estimated time of input completion is 10am tomorrow, 3/14/01.

Rgds.

Samuel x3-9890
(GCP_Enron Networks)

From: Aparna Rajaram/ENRON@enronXgate on 03/12/2001 05:01 PM
To: Samuel Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Steve
Venturatos/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Frank
L Davis/HOU/ECT@ECT, Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron
cc:
Subject: Click Paper Approvals, 03-12-01 Ammendment

Please see attached.

Regards,

Aparna Rajaram
ext. 5-4563


Alright!

Lets start the invites...
I'll invite suebob and anyone she wants to bring with...she's got a friend from outta town.
May invite Keith and Tracy...he wants to check out our house/neighborhood.
May even invite Dennis from cooking school and his wife since they live close by...hmmmm
this could get a bit large..which is not to bad....we could set up horseshoes in the front yard...that would be fun.
We'll talk more tonight and construct an email......Based on our headcount we can figure out what the best food is to fix and then possible divy up some of the bringins.

Latersky

"John Menconi" <jmenconi@adv-eng-ser-inc.com> on 05/09/2001 12:24:00 PM
Please respond to <jmenconi@adv-eng-ser-inc.com>
To:	<Monique.Sanchez@enron.com>
cc:
Subject:	RE: bbq

Sounds great!  We could do it earlier in the day.

-----Original Message-----
From: Monique.Sanchez@enron.com [mailto:Monique.Sanchez@enron.com]
Sent: Wednesday, May 09, 2001 10:46 AM
To: jmenconi@adv-eng-ser-inc.com
Subject: bbq

you could bbq a big piece of meat like you did a while back on
cindy..........or we could do fajitas...robbie could make the pico


Greg, we have not had time to review or discuss these provisions with you and
Peter.  Jeff and I have some concerns and thoughts.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com

	Greg Johnston
	12/01/2000 10:22 AM

		 To: Mary Cook/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, John
Zufferli/CAL/ECT@ECT
		 cc: Peter Keohane/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT
		 Subject: Market Opening Rider

Please find attached a revised version of the market opening condition
precedent language that will need to be included, for the time being, in all
Canadian power transactions, whether physical or financial.  I believe this
language is now in final form.

Greg


Start Date: 12/18/01; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121824.txt


FYI - Here are some notes from Dave Neubauer for our meeting today.

---------------------- Forwarded by Shelley Corman/ET&S/Enron on 11/09/2000
01:29 PM ---------------------------

Dave Neubauer
11/09/2000 07:46 AM
To: Shelley Corman/ET&S/Enron@ENRON
cc:

Subject: Hourly Discussion Points

Shelly,

Attached are a few discussion points for the meeting.  Please forward to who
will be attending the meeting today.  I may be a few minutes late , but will
get there as soon as I can.

Thanks

Dave


Sara,

Here is the physical confirmation for the NUI deal.  I added an Event of
Default under the Credit Agreement as an additional Triggering Event under
the Master Firm Purchase/Sale Agreement.


_________________________________________________________________

C A L L   F O R    P A P E R S

University of California Energy Institute

Sixth Annual POWER Research Conference
on Electricity Industry Restructuring

_________________________________________________________________

The University of California Energy Institute's Program on Workable Energy
Regulation (POWER) invites interested researchers to submit papers for a
one day conference to be held in Berkeley on March 16, 2001. The purpose is
to bring together outstanding researchers from around the world to exchange
ideas and research results on topics related to electricity industry
restructuring.

Topics will include any relevant analytic question associated with
electricity industry restructuring including, but not limited to, the
following subjects:

* Transmission management, pricing, and access
* Operation of wholesale and retail electricity markets
* The interaction of forward and spot electricity markets
* International comparisons of electricity markets
* Market power
* Political economy of restructuring
* Demand responsiveness and real-time pricing
* Conservation, R&D, and low income programs after restructuring
* Future role of regulation in electricity
* Environmental effects of restructuring

Draft papers should be sent by December 1, 2000 to:

POWER Research Conference
University of California Energy Institute
2539 Channing Way
Berkeley, CA 94720-5180

Authors will be notified concerning acceptance for the Conference by
January 2, 2001. Final papers will be due by February 28, 2001.

For inquiries concerning this Call for Papers contact:
Severin Borenstein (510) 642-5145.  email: borenste@haas.berkeley.edu
James Bushnell (510) 642-9588.  email: jimb@ieor.berkeley.edu

For Program Information on past conferences, please visit our website:
http://www.ucei.org/power_conf.html


I can access the global compensation system from London.  Today I have been
able to log on and to review as read only the info that I submitted on Friday
for bonus and LTI.  I assume that I will be able to access the screens for
merits as well.  Please get back with me via e:mail and let me know our
instructions and time deadlines for merit increases.  I will want to give my
direct reports access to the system so that they can input their
recommendations.  I will also want to send them an e:mail with instructions
and expectations.  Having asked for more funds for the bonus pool, I would
like for us to be within the guidelines for merit increases.  Outside this
process, we can address any increases that may be warranted given the market
data gathered by Todd Burke.  We can process those agreed upon requests, but
will not include those dollars within our merit totals.  That way, won't have
to request additional dollars for these worksheets.  Better not to ask for
exceptions on everything!!!

What is the word on bonus dollars?  Is everything finalized as I submitted?
Let me know.  If we need to talk directly, contact Patti for a number where
you can reach me.  Thanks.


Q.  What do Revenue Management, Windows 2000 and TIME all have in common?

A.  They are all topics in the latest issue of the GPG IT Customer News!

Go to http://www.ots.enron.com/GPG_IT/c1/index.html to stay up-to-date!


Notice #01-159
May 10, 2001

TO:
All New York Mercantile Exchange members

FROM:
The Board of Directors

RE:
Tickets to Mets/Yankees Interleague Series

=====================================================================

 We are pleased to inform you that, once again, the Exchange will act as the
official sponsor of the Mets/Yankees interleague series, which will be two
sets of games, with the first  three games being held from Friday, June 15,
through Sunday, June 17, at Shea Stadium (with the Friday and Sunday games
being night games and the Saturday game being an afternoon game); and the
second set of games on Friday, July 6, through Sunday, July 8, (Friday is a
night game, the other two are afternoon games) this year at Yankee Stadium.

 As part of its sponsorship, the Exchange will once again receive a limited
number of tickets to the series, which will be made available to members on a
first-come, first-served basis for their personal use and may not be resold
or redistributed.  Most of these tickets are expected to be in the upper deck
and outfield.

 Upon notification that the allocation has been made, members are expected to
pick up their tickets in person on a timely basis, or provide a Federal
Express number and address to which the tickets should be sent to their
attention and for their signature.  It is the member,s responsibility to
provide a working number at which they can easily be reached or a reliable
message taken on their behalf.  It is unlikely that more than two attempts
will be made to reach any individual.  Any tickets that are not picked up on
a timely basis shall be redistributed.

 The Exchange will most likely not know until two weeks before each series
the exact distribution of tickets for each game so, if you would like tickets
to the series, you are encouraged to include your first, second, and third
choices on the form below and fax it back to (212) 301-4700, e-mail it to
publications@nymex.com, or drop it off in the corporate communications area
on the 15th floor.  If you have any questions, please contact Linda
Mieszkowski at (212) 299-2777.

 After May 23, all requests made by Exchange staff and clerks will be
considered on a  first-come, first-served basis, so we urge all members to
reserve tickets prior to that date.

==============================================================================
==

Name ________________________________ Badge ____________________

Number at which you can be reached _______________________

Date requested _________________________________

If this date is unavailable, would you like an alternative?  Yes ______   No
______

Second Choice ____________________________________
Third Choice ______________________________________

I acknowledge all of the conditions above
(signature)________________________________

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-159)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


I think that four weeks is a good time frame for this - we can re-evaluate at
the end of that period as to whether or not this is still needed.  As far as
the right time, you should talk with Jeff Gossett (gas) and Scott Earnest
(global products).  They can give you the best estimate on timing.  I am
copying them on this memo.

When your schedule is set, I assume that you will provide Jeff and Scott with
a copy of the schedule (dates, names and contact numbers).  Please send me a
copy as well.  This IT presence on the floor during critical calculation
times will be very much appreciated.  I understand that not only will this
provide immediate contact when and if system issues arise, but that your team
will be working with the book administrators on improving spreadsheet
macros.

	From:  Zhiyong Wei                           10/26/2000 06:52 PM

To: Sally Beck/HOU/ECT@ECT
cc: Stephen Stock/HOU/ECT@ECT
Subject: ERMS/TAGG floor support

Sally,

I am currently working on a plan for floor support to provide a better time
coverage. I would like to hear your suggestion. I have been thinking of
providing floor support till 8:00 p.m. every weekday for the next 4 weeks. Do
you want us to extend the hours to later than 8:00 p.m. and longer than 4
weeks?

I appreciate very much your comments.

Zhiyong


Start Date: 10/8/01; HourAhead hour: 9;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100809.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_RED
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_GREEN
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ROSE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:  10.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   9.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_ORANGE
  ENGY_TYPE: WHEEL


At my suggestion, and in consultation with Seabron Adamson, one issue we are exploring is how we can deduct our NOx costs from any refund that may be deemed to be due, or make an offer of proof if the Judge doesn't go for it. The generators will be of no help with this, since they have a credit mechanism in the July 25 order that keeps them whole. Marketers do not.

Seab advises that NOx will have a very substantial impact on prices, especially before spring 2001 when the rules were loosened by state order.  In order to proceed, we will need to get a source of data on NOx prices.  I have touched base with Alan Comnes and Mary Schoen on this.  If the idea pans out, we would have to retain an expert.  I will keep you apprised on the need for an expert.  Would also expect that we would want the Marketer Group to kick in before retaining an expert.  What are your thoughts on this?  Ray

-----Original Message-----
From: Dan Watkiss [mailto:dwatkiss@bracepatt.com]
Sent: Friday, September 28, 2001 2:31 PM
To: Alvarez, Ray
Subject: RE: Meeting next week

Ray, should probably check with the home office about whether Enron is interested in fronting this financially alone or whether they want to get a commitment from the marketer group before moving ahead.  Let me know.

Jeffrey D. (Dan) Watkiss
Bracewell & Patterson, LLP
2000 K St., N.W.
Suite 500
Washington, D.C.   20006-1872
(202) 828-5851
dwatkiss@bracepatt.con
jdwatkiss@aol.com

>>> "Alvarez, Ray" <Ray.Alvarez@ENRON.com> 09/28/01 02:26PM >>>
Forwarded the first lead to you this morning- Gary S. Rubenstein of
SIERRA RESEARCH.  I'm waiting to hear back from Mary Schoen for more
leads.

-----Original Message-----
From: Dan Watkiss [mailto:dwatkiss@bracepatt.com]
Sent: Friday, September 28, 2001 12:41 PM
To: Alvarez, Ray; seabron.adamson@frontier-economics.com
Cc: gfergus@brobeck.com
Subject: RE: Meeting next week

I have a conference room reserved and will certainly be back from the
Court argument by then.   Ray, it would be helpful if, by then, you have
some leads from Alan on experts in California NOx trading.

Jeffrey D. (Dan) Watkiss
Bracewell & Patterson, LLP
2000 K St., N.W.
Suite 500
Washington, D.C.   20006-1872
(202) 828-5851
dwatkiss@bracepatt.con
jdwatkiss@aol.com

>>> "Alvarez, Ray" <Ray.Alvarez@ENRON.com> 09/28/01 10:52AM >>>
Seab,  OK by me.  Ray

-----Original Message-----
From: Seabron Adamson [mailto:seabron.adamson@frontiereconomics.com]
Sent: Friday, September 28, 2001 9:39 AM
To: Alvarez, Ray; dwatkiss@bracepatt.com
Cc: gfergus@brobeck.com
Subject: Meeting next week

Dan/Ray:

How about 2:30 at Bracewell next Wednesday (Oct. 3rd)? I am arriving at
Dulles at 1:25 p.m. which should get me into town by then (unless
National
re-opens in which case I'll go that way and will make it easily...).

Gary - I assume you'll still be back on the West Coast but I've copied
you
anyway just in case your plans change.

Seab

This e-mail, and any attachments thereto, is intended only for use by
the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly
prohibited.
If you have received this e-mail in error, please immediately notify me
at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

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


Daren,

The volume is 1,000/d.  Do you want me to put it in?

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 06/28/2000 09:30
AM ---------------------------
From: O'Neal D Winfree on 06/28/2000 07:47 AM
To: Robert Cotten/HOU/ECT@ECT
cc:
Subject: Re: Hydrocarbon Lease Mgmt.

The July forward deal ticket is #310830 for meter 9836...

	Enron North America Corp.

	From:  Robert Cotten                           06/27/2000 05:34 PM

To: O'Neal D Winfree/HOU/ECT@ECT
cc:
Subject: Hydrocarbon Lease Mgmt.

O'Neal,

Will there be a new deal ticket or will # 281540 be rolled for July?  Please
advise.  Thanks.

Bob


What the hell is this?

---------------------- Forwarded by Chuck Ames/NA/Enron on 05/11/2001 10:24
AM ---------------------------
From: Rachel Crowell/ENRON@enronXgate on 05/11/2001 09:12 AM
To: Chuck Ames/NA/Enron@Enron
cc:

Subject: FT Intra Ontario P&L for April 2001

Chuck,
;
The loss shown in the report page of the FT Intra Ontario file located under
the firmtrad directory is $1,086M for the month of April 2001.; However,
the;loss shown for that book on the final 04/30 Natural Gas P&L is $663M.;
The difference is the Schedule E item reflected in Roll-1 for;prior month
adjustments (gas daily variances per Canada and Texas deal QH9312.1).; From
an outside view it seems that the links in the NGP&L were updated before the
pma was recorded in the file.; Can you confirm this, or is there another
reason for the different p&l values?;
;
Since the income numbers should be the same, would it be possible to "catch
up" the value in May's NGP&L to match what has been recorded in the FT Intra
Ontaio book file on a cumulative basis?; Or do you have an another suggestion
to get the life to date values correct between the 2 sources?
;
Best regards,
;
Rachel
;
;
;


Content-Transfer-Encoding: 7bit
Return-path: <Ludkam@aol.com>
From: Ludkam@aol.com
Full-name: Ludkam
Message-ID: <5f.bb559e6.271a1a54@aol.com>
Date: Sat, 14 Oct 2000 16:21:40 EDT
Subject: National Car Rental
To: VKaminski@aol.com
MIME-Version: 1.0
Content-Type: text/plain; charset="US-ASCII"
X-Mailer: Windows AOL sub 119

Palo Alto 650-856-9100  4218 El Camino Real, PA
1800-227-7368
www.nationalcar.com


PLEASE READ THIS IMPORTANT INFORMATION CONCERNING THE ENRON STOCK FUND IN THE ENRON CORP. SAVINGS AND ESOP PLANS

On Friday, January 11, trading of Enron stock was suspended on the New York Stock Exchange (NYSE).  All Savings and ESOP Plan transactions, including 401(k) payroll contributions,  involving this fund were placed in a pending status until trading resumed.

As announced by Enron's Office of the Chair on Wednesday, January 16, Enron stock would now be traded Over The Counter (OTC).  Upon receiving this information, work began immediately to develop a process that allows for OTC trades in the plans.

On Thursday, January 17, Enron initiated a process to facilitate OTC trades of Enron stock inside the 401(k) and ESOP and all pending transactions were processed using Thursday's closing price.

Now that trading has resumed, we urge you to review your investment elections to ensure that they are consistent with your investment goals.

As things change, we will continue to update you.

Enron Benefits Department


There will be a follow-up meeting on Wind River, Monday, July 31, 2000 at the
Enron Building, EB 2868 from 3:00 p.m. to 6:00 p.m.

AT&T Conference call in number is: 877-300-8186
   Host (Ranabir): 435376
   Participant #: 257093

Please let me know if you are unable to attend this meeting.  Thank you.

Amy Cooper
713-345-8667


BUSINESS HIGHLIGHTS

EBS Joins EWS
Effective, July 12, EBS has become a business unit within Enron Wholesale Services.  All EBS commercial support functions will be integrated into those units within EWS, which enables us to better manage the resources and costs of the support functions.

All EBS commercial functions have been consolidated into the following units:
Europe - headed by Matthew Scrimshaw
Asia - headed by Anthony Duenner
Americas - headed by Rich DiMichele

Additionally, the North American EBS origination teams have been consolidated into one group, led by Stewart Seeligson.  North American trading and risk management will continue to report to Paul Racicot.  Paul will also oversee the global portfolio from a risk management perspective.

Global Network Operations will continue to report to the EBS Office of the Chairman.

All EBS asset positions will continue to be reviewed and repositioned to most effectively meet the future needs of EBS and the Portland office will be closed by October 1.

Global Strategic Sourcing
Effective July 1, a number of measures and recommendations have been implemented to reduce expenditures associated with, among other things, travel and entertainment, and professional services.  Global Strategic Sourcing ("GSS") will undertake this very important initiative and they would like to enlist your support in the implementation of these new procedures.

This message will focus on Travel and entertainment.  Next week's message will focus on professional services.

Travel and Entertainment - Enron has a tremendous opportunity to save on travel and entertainment expenditures by making some relatively painless adjustments.

?	Air Travel - Air transportation is the single largest component in the travel mix.  In recognition of this fact, a number of significant discounts have been negotiated with all of the major carriers.  There are two separate channels available to employees to access the Enron-negotiated fares.  The first is Travel Agency in the Park ("TAP"), or the GSS-approved preferred travel agency for your location, and the second is the new Enron-managed online travel booking service, ClickTrip, located at <http://clicktrip.enron.com/enron>.

Over the coming weeks, GSS will be promoting training and usage of ClickTrip, as the primary method of booking domestic U.S. travel for a number of reasons.  First, excluding proprietary carriers like Southwest Airlines, ClickTrip provides employees easy access to all travel and pricing options for their destination, including the Enron-negotiated fares.  Second, industry data shows that employees will generally make the most cost-effective travel decision when presented with the relevant facts.  Conservatively speaking, we estimate that a 20% savings in airfare is attainable through the use of this tool alone.  Third, it is relatively painless to use.  Fourth, ClickTrip is accessible 24X7 from any internet-enabled personal computer and after-hours telephone support is available. If you have travel-related questions, please contact Tracy Ramsey at ext. 6-8311.

One final air travel reminder worth promoting: For employees who fly in the United States, use of non-refundable coach tickets generally runs 65 percent less than refundable tickets and can usually be changed by simply paying a $100 fee.

?	Lodging and Car Rental - GSS has also negotiated preferred rates at a number of hotel chains in many cities worldwide to accommodate your business unit's individual hotel policy. Additionally, preferred car rental rates including insurance coverage with National (U.S. and Canada) and Alamo (U.S.) have been negotiated for your use.  More detailed information is available regarding both programs through our travel site located at <http://travel.enron.com>.

Enron Industrial Markets - Forest Products
EIM began trading in the physical markets for Forest Products (newsprint, pulp, recycled paper, and lumber) in August, 2000 and Steel in January, 2001.  Since then EIM has handled over 140,000 tons of recycled paper, 180,000 tons of newsprint, 150,000 tons of pulp, 160 million board feet of lumber, and 210,000 tons of steel.  Currently on a weekly basis, EIM is moving approximately 20,000 tons of forest products (newsprint, pulp and recycled paper), 3 million board feet of lumber, and 10,000 tons of steel products throughout the world.

Due to much larger volumes of forward trading, EIM is expanding its physical product delivery capabilities around the world to physically handle 5 million tons per year.  The EIM Logistics Group coordinates the activities of customer service, supply and demand matching, scheduling of owned assets, and physical transport and warehousing.  These activities are primarily coordinated through the Houston office, with additional resources in London and Singapore.

Additionally, EIM owns paper mills in Quebec City and New Jersey which have a combined production capacity of 750,000 tons of newsprint per month, and a cold rolling steel mill in Arkansas with capacity of 400,000 tons per year.  Each of these facilities includes Logistics resources that are coordinated through the EIM Logistics Group.

Enron Global Markets - LNG
Enron Global LNG has enhanced its Atlantic Basin LNG supply portfolio with volumes from Nigeria LNG Limited (NLNG).  Enron Global LNG recently signed a Memorandum of Understanding with NLNG for delivery of 1 BCM/ year (billion cubic meters) or (97,000 Mcf/day) from the NLNG Plus Project.  This is a two train expansion of NLNG's existing Bonny Island LNG production facility.  The expansion is scheduled for completion in 2005.  This deal represents a major step in the establishment of Enron's global LNG network.

EGM - Finance & Structuring
On June 29, 2001, Enron Global Markets - LNG Group successfully completed the divestiture of its 100% equity interest in Progasco, to CHDR, Inc. via an all cash transaction.  Progasco sells and distributes LPG to commercial and industrial clients, and independent resellers, through a fleet of tanker trucks, bobtail trucks and 13 filling plants throughout Puerto Rico.  CHDR, Inc. is the record and beneficial owner of all of the issued and outstanding shares of stock of Tropigas de Puerto Rico, Inc. ("Tropigas").  Upon completion of this transaction, Tropigas, hitherto the 3rd largest market player will operate the newly consolidated entity and control a 35% market share, becoming the 2nd largest Puerto Rican LPG marketer.

The sale proceeds of approximately $14.3 million, have been split between Protane (a wholly owned Enron Corp. Delaware subsidiary) and San Juan Gas (SJG), and were used to pay down inter-company debt owed to SJG and Pro Caribe.  The net (pre-tax) gain recorded on the transaction was $3.9 million.

The profitable sale of this strategic asset allows EGM to exit the retail propane business it inherited through the 1985 merger of three companies: Protane, Petrolane and Imperial Gas, and will enable Enron to better deploy the cash received and more efficiently manage its Puerto Rican human resources.

EGM - Weather
The Weather group just completed a deal with People's Energy to protect them against lower gas prices during a warmer than normal winter.  This innovative winter protection was structured to manage People's exposure to both the volume and price of natural gas.  Greg Penman and Bob Beyer, from the Chicago office, were the lead dealmakers for this transaction.  Simlar deals with other counterparties are expected to come over the winter season.
Also, the Weather Group has started exploring new opportunities with EES.  To support this effort, Elsa Piekieniak has joined the group.  Elsa is looking for several people to help her with this initiative.  If you're interested in a position, please contact Elsa.

WELCOME
New Hires
EGM  - Chevondra Auzenne, Anuj Gupta, Lois Stone, Rich Friedman
EIM   - Brian Gaughan, Jennifer Basinski
ENA  - Juli Salvagio, Pepi Beltran, Oliver Jones

Transfers (to or within)
ENA  - Jinsung Myung, Russell Diamond, Chris Helfrich, Jerry Farmer, Kenton Erwin
EGM - Meredith Campbell, Martin Gleason, Maritta Mullet, Dorothy Burrell, Luis Castillo, James Posway, Ted Behrens, Michael Mitcham

EnronOnline Statistics
Below are the latest figures for EnronOnline as of July 17, 2001:

	Total Life to Date Transactions  > 1,214,000
	Life to Date Notional Value of Transactions  > $711 billion

NEWS FROM THE GLOBAL FLASH

UPDATE ON ENRON EUROPE'S CONTRIBUTION TO 2ND QUARTER RESULTS
Congratulations to all staff for your contribution to another fantastic quarter!

By now we hope you will have had an opportunity to read about Enron's Q2 earnings, which were released to the investment community in Houston on Thursday, 12th July.  Overall the business has seen continued strong growth with revenues increasing to over $100 million in the first half of the year up from $30 million for the same period last year.  Earnings per share this quarter also exceeded analyst expectations and came in at $0.45 for the quarter up from $0.34 for the same period last year.

Equally important, however, is the vital role Enron Europe played this quarter in contributing to the company's overall results.   We are seeing some terrific trends here in Europe - notably, on the wholesale side, the Continental, UK and Nordic power and gas teams keep going from strength to strength as we see exceptional growth in volumes and transactions continue this quarter.  Total physical and financial settled volumes for gas and power in Europe have seen an increase of 172% in the first six months of the year compared to the first six months in 2000 and the total number of transactions per day has risen to 604 from 272 last year.  Specifically, UK power volumes are up 204% to 147 TWh in the first six months of 2001 from 48 TWh in the same period last year.  Continental gas volumes have grown from 351 Bbtue/day in 2000 to 1,390 Bbtue/day in 2001 - a 296% increase - and Continental power volumes have seen growth of 360% with volumes rising from 18 TWh in the first six months of 2000 to 83 TWh for the same period this year.  The growth in volumes is not simply limited to the UK and Continental markets, however, as Nordic power volumes have increased by 153% from 29 TWh to 73 TWh in the first half of 2001.

The success stories are not just limited to gas and power trading, however, and abound throughout the business:

Enron Energy Services
The retail business has experienced a real boost this quarter with the closing of EES' first, major "marquis" brand energy outsourcing transaction with supermarket giant, J. Sainsbury plc.  Of equal importance, Enron Direct's business continues to grow with total customers now in excess of 160,000.  The success of Enron Direct's business model has translated into the development of new business on the Continent in the Netherlands and Spain and, more recently in North America, with the 2nd quarter opening of Enron Direct Canada.

Enron Credit
A year after Enron Credit's launch, the total life to date notional value of transactions has surpassed $11.8 billion and in the 2nd quarter alone, Enron Credit generated $10.4 million in EBIT.  Further, more than 20,000 readers per week view the Enron Cost of Credit (ECC) through independent publications.

Enron Australia
With 2nd quarter power volumes up 177% from the first three months this year, Enron Australia is gearing up for a strong growth year.  With the development of a physical power position key to expanding Enron's power trading in Australia, work began this quarter to identify and begin the initial pursuit of asset development projects.  Other businesses undergoing significant expansion this quarter were coal, renewable energy credits and weather derivatives.

Spain:  Arcos
The Arcos asset development project in Spain continues to make great progress with third party access to gas supplies for the power project being successfully negotiated this quarter, plus the project achieved another milestone in the permit/government approvals arena with the granting of its water concession in Q2.

UK:  ETOL
ETOL, a long-standing contributor to Enron Europe's earnings, generated yet another profitable transaction this quarter with the signing of a series of deals with chemical giant Du Pont for supplies at Wilton International. The transaction further strengthens Enron's relationship with Du Pont, one of ETOL's largest customers, and will extend the current steam and power supply contract through 2010.

Enron Metals
A year after entering the metals business, Enron Metals has seen increased volumes of 130% in its merchant and financial trading operations this quarter with volumes up to over 3.5 million tonnes as compared to just over 1.5 million tonnes in the 2nd quarter last year.  Not only has the team seen positive growth in volumes this quarter, but they have increased their share of trading on the LME by 50% and are making significant progress with Project Salem - a major IT and systems improvement project that will streamline deal capture and risk management for metals transactions.  Finally, the metals team achieved a true home run this quarter when they closed a major ten-year origination transaction that, through the addition of smelting assets, will enable the metals team to improve its trading position.  The transaction proved to be the perfect opportunity to leverage all of Enron's trading and origination capabilities and involved input from a number of groups across Enron.

Looking to the future, we have every expectation that the strong growth we've witnessed in Europe for the first half of the year will continue through end 2001.  So, in the words of Solomon Smith Barney analyst, Ray Niles, when talking about Enron's European wholesale operations results this quarter, "Europe is kicking butt and it's about a quarter of [Enron's] activity, nearly double what it was last year.  And, that is a new market that is the size of the US."

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

<Embedded Paintbrush Picture>


Dear Enron Employee:

Houston Ballet is presenting The Nutcracker through Sunday, December 30.  The production has been hailed by the Houston chronicle as "the crown jewel of holiday entertainment," and is a perfect introduction to the world of ballet for families and audiences of all ages.  Enron has been a long-time supporter of the Ballet, and we would like to thank you with a special invitation from Houston Ballet and TicketMaster for discount tickets to The Nutcracker.

Click on the following links below to receive a 25% discount on tickets to any of the selected performances of The Nutcracker.

To place your order, click on the link below to choose your day and time.  When requesting your tickets, you may choose from best available seats or a specific section, however, all ticket prices may not be available.  Ticketmaster service and handling charges will apply to your order.

Your company code is: NUT1.

Happy Holidays and enjoy Houston Ballet.

Performance Dates and Times:

Wednesday, December 26 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345C3DE86FB&event_code=EHL1226

Thursday, December 27 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345D10FB243&event_code=EHL1227

Saturday, December 29 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDB2A7A1&event_code=EHL1229M

Sunday, December 30 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDDBA7F9&event_code=EHL1230M


Forgot the attachment.

----- Forwarded by James D Steffes/NA/Enron on 11/03/2000 01:55 PM -----

	James D Steffes
	11/03/2000 01:55 PM

		 To: Joe Hartsoe/Corp/Enron@ENRON
		 cc: Steven J Kean/NA/Enron@Enron
		 Subject: Steve Kean Issues

Joe --

Include these with your opening language and send to FERC.

Jim


Sounds great! I will be working tomorrow....not next week. I will be back
Jan 2.

Jane Blizzard

Travel Agency in the Park
713-464-5836 - direct phone
832-358-9578 - direct fax
jane.blizzard@travelpark.com

> ----------
> From: 	Kimberly.Watson@enron.com[SMTP:Kimberly.Watson@enron.com]
> Sent: 	Wednesday, December 20, 2000 8:58 AM
> To: 	Jane Blizzard
> Cc: 	janell_dye@hotmail.com
> Subject: 	Re: Paris 2001!
>
>
> Hi Jane!  Janell is getting everyone organized with Continental Airlines
> today for their ticket purchase.  Once all the girls part with their
> credit
> card for the airline purchase, I feel comfortable that our list is firm.
> I
> will be organizing the details for the hotel rooms this afternoon.  I will
> e-mail you a complete list of roommates for each room along with a credit
> card number for each room late today or tomorrow morning.  I will also
> prioritize the rooms just in case the hotel doesn't want to make more than
> a few changes.  Will you be working some tomorrow or next week?  Many
> thanks, Kim.
>
>
>
>
> Jane Blizzard <jane.blizzard@travelpark.com> on 12/20/2000 08:12:22 AM
>
> To:   "'Kimberly.Watson@enron.com'" <Kimberly.Watson@enron.com>
> cc:
>
> Subject:  Paris 2001!
>
>
> Dear Girls,
>
> Got your message! There is no hurry about changing the hotel names. I
> would
> rather wait, make as few changes as possible so as not to confuse the
> hotel.
>
> Not sure what my hours will be today so leave me a message or email if you
> need me!
>
> Jane
> Jane Blizzard
>
> Travel Agency in the Park
> 713-464-5836 - direct phone
> 832-358-9578 - direct fax
> jane.blizzard@travelpark.com
>
>
>
>
>


Steve Stock has kindly volunteered to give us an overview of the current
work-in-progress across Enron's technology group - I figured this would be a
good first step in establishing the nature of the current medium term IT
strategy.

Likely to be next week some time.

DP


Everyone,

Attached is the talking points for the Enron Overview.  Simon will send you
the presentation.

Feel free to add to for your own presentations.  As long as we get the basics
across, there is no problem with a little personalization.

Call me with any questions, or if you find data that does not seem correct.
After this week, call Hamd - he's the new guy!

Andrew


Will you please contact them again.  SS

	Tana Jones
	06/14/2000 10:04 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: pg&e

We have not yet received the executed documents.


The information contained in the Weekly Public Report can be communicated to audiences outside the company and should be used to ensure that we present a consistent message to the public. Please ensure that this email is distributed to anyone in your group who needs to discuss EnronOnline with individuals outside the company.

This report is not intended to be used as a stand-alone presentation, nor that all the information be used in a single presentation or customer communication.

Total Life to Date Transactions >1,570,000
Average Daily Transactions > 5,600

Life to Date Notional Value of Transactions > $870 billion
Daily Notional Value Approximately $2.4 billion

Number of Products Offered: Approximately 2,000
Number of Currencies Traded in = 15

EnronOnline Version 1.0 Launch Date: November 29, 1999
EnronOnline Version 2.0 Launch Date: September 18, 2000

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.
A complete copy of the report can now be accessed directly through the EnronOnline
Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Public Reports" tab. A dropdown menu will appear with a list of the various public reports available for viewing. .

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.


Date:  March 12, 2002
From:  Ray Bowen, Office of the Chief Executive

One of Accounting and Controls primary objective is ensuring that internal accounting controls are properly designed, implemented and enforced throughout the company.  Enron's Executive Management and Board of Directors are committed to this objective.

A new group, Accounting Controls and Procedures, has been established to provide centralized management in meeting this responsibility.

Accounting Controls and Procedures will report directly to Dick Lydecker, Enron's Chief Accounting Officer, and will be led by Rick Carson.  Joining Rick will be Donna Lowry who will manage compliance and records retention controls.

To be effective, everyone in the organization must be an active participant in the control process.  In this regard, your cooperation with Rick and his team is appreciated.


I have asked Jay last week and today to find out who has the credit contact at El Paso so we can put pressure on them to look at the draft document.  I have forwarded to Jay my spreadsheet outlining the various contracts and GTC's that may be included in the Master Netting Agreement at his request.  In the meantime I am working on a second draft to more accurately describe the contracts and include the recent updates to the documents.  We will need to amend many of the contracts and GTC's as well to specifically modify the "one way", "automatic early termination" and "cherrypicking" provisions.
Brent
 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, November 12, 2001 3:10 PM
To:	Aronowitz, Alan; Athena Alexander (E-mail); Clark, Morris; Cook, Mary; David Mitchell (E-mail); Davis, Angela; Del vecchio, Peter; Douglas, Stephen H.; Evans, Mark (London Legal); Gaffney, Chris; Gray, Barbara N.; Hansen, Leslie; Heard, Marie; Hendry, Brent; Hodge, Jeffrey T.; Johnston, Greg; Jones, Tana; Keohane, Peter; Koehler, Anne C.; Lech Kalembka (E-mail); Leite, Francisco Pinto; Marissa Morelle (E-mail); McCullough, Travis; Mellencamp, Lisa; Murphy, Harlan; Murray, Julia; Nemec, Gerald; Portz, David; Rick Antonoff (E-mail); Rohauer, Tanya; Sager, Elizabeth; Saxena, Rahul; Sayre, Frank; Schuh, Michael; Shackleton, Sara; Simons, Paul; St. Clair, Carol; Van Hooser, Steve; Viverito, John; Von Bock Und Polach, Marcus; Williams, Jason R (Credit)
Subject:	Status of Agreements

Per Carol's request, please e-mail Carol, Mary and me with an update on the agreements you are working on.

Thanks!

Marie


FYI

 -----Original Message-----
From:  "Young, Michael" <Michael.Young@northwestern.com>@ENRON
[mailto:IMCEANOTES-+22Young+2C+20Michael+22+20+3CMichael+2EYoung+40northwester
n+2Ecom+3E+40ENRON@ENRON.com]
Sent: Thursday, May 24, 2001 1:56 PM
To: Booth, Chris
Cc: 'margueritekahn@paulhastings.com'
Subject: Escrow Agreement

Chris, per our conversation this afternoon, this e-mail will document the
fact that, due to travel schedules, NorthWestern is unable to obtain the
necessary officer signatures for the incumbency documents requested by
Citibank as part of establishing the escrow arrangement called for under the
Letter Agreement.  You agreed that NorthWestern could complete the necessary
paperwork with Citibank on Tuesday of next week.  Thanks again for your
flexibility.

Michael J. Young
Senior Corporate Counsel
NorthWestern Corporation
125 S. Dakota Avenue
Sioux Falls, SD  57104
Fax:  605/978-2840
Phone:  605/978-2836
Cell:  605/351-4040


Steve:

 I hope this is not too presumptuous, but I'd like to directly advise you of
my organization within Corporate HR.

 I am the Senior Director of the Office of Labor and Employment Relations
(formerly known as the Fair Employment and Labor Practices Group).  I joined
Enron in February after spending 11 years with MCI WorldCom where I was
Associate Litigation Counsel in Atlanta representing MCI, and then WorldCom,
in all of their employment law matters in the Southeast.  Before MCI, I
practiced labor and employment law with two large law firms, including Vinson
& Elkins here in Houston.

 As you will note from the attached org chart, there are seven primary
functions for which my staff and I am responsible.  In summary fashion, they
are:

1. Executive Programs (i.e., Impact & Influence, Power of Communication,
Executive Forums, etc.)

2. Resource Management (i.e, Redeployment, New Hire Orientation)

3. Workforce Development (i.e., diversity efforts such as recruitment,
training, mentoring, succession planning, etc.)

4. Employee Relations (i.e., EEO charges, internal grievance investigations,
policy review, advice, etc.)

5. Labor Relations (i.e., union awareness, collective bargaining negotiation,
M&A advice, etc.)

6. Government Programs (i.e., affirmative action plans, gov't reporting
requirements, gov't audits, etc.)

7. Employment Law Training (i.e., discrimination, sexual harassment,
performance management, interviewing skills, etc.  -- all from a risk
management perspective).

 I hope to be able to spend some time with you filling in the details and
answering any questions you have.  In the meantime, please let me know if
there is anything I can provide for you.

Brian


FTR team,

The copy of the auction results that you got at yesterday's meeting is
incorrect. What happened was when I tried to sort the entire page, I only
highlighted the related column and expected Excel 98 would sort the whole
page. (As Steve told me before, I should highlight the whole thing if I try
to do sorting in Excel). I appolized for the misleading and have redone the
whole thing.  Thanks for the patience. Wish you all have a great weekend.


Attached is a petition for modification of Decision 01-05-064 (the rate
design decision) filed by the Association of Bay Area Governments. The
Petition requests that the decision be modified to exempt customers which
were direct access for the period of March through May 2001 from the 12
month procurement surcharge which is designed to allow the utilities to
collect the three cent increase authorized by the March decision which then
did not go into effect until June (i.e., collect the revenues foregone due
to the time lag in implementation).

Given the fact that most of Enron's customers were on bundled service during
the March-June time frame, I do not believe that the requested modification
would provide them any benefit. Let me know if I am wrong on this and if
Enron wants to chime in  in support of ABAG's petition.

Jeanne Bennett

-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Friday, July 13, 2001 5:31 PM
To:
Subject: Re: A.00-11-038 et al. ABAG POWER Petition for Modification of
D.01-05-064
Importance: High

Attached for your information is a copy of the Petition for Modification of
D.01-05-064 filed today by ABAG POWER.  Copies have also been sent to all
parties on the service list by U.S. Mail.

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com

 - 7-13-01 Petition for Modification of D.01-05-064 - Final.doc


This is from SKYGEN. Jinsung

 - skygen turbines payments.xls


Hi Folks,

Trying to get this to you earlier as many people had asked for it sooner.

Hope you have a great and joyful Thanksgiving.

Here's how I see the Passing Game Matchups this week.

PLEASE NOTE:   See the cheatsheets online at www.footballguys.com  for
exactly where I rank players and to determine who to start.   I always
receive emails asking me how I can have a guy ranked highly on the
cheatsheet but listed under a matchup that favors the Defense.   Just
because one matchup may be more favorable than another, that doesn't
necessarily mean I'd start the player with the best matchup.   Peyton
Manning may have a horrible matchup one week but unless you're sitting on
Kurt Warner or Daunte Culpepper, Manning's your guy no matter who he's
lining up against.   The matchup info is meant to be just one more tool in
your box when it comes to deciding between players.

Note:  I've used the player stats sorted by performance over the last four
weeks extensively in developing these write-ups. Stats are provided by Mike
Hall's excellent FLM League Management Software.  http://www.fflm.com/ for
more info.   The points scored by position data is from our Footballguy
Clayton Gray.  Let's get to it.

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Passing Game Matchups to Avoid and Exploit

Locks:  These games feature Defenses that should be overmatched against the
Offense.

Arizona Passing Game vs San Diego Defense

We rated Plummer as a "Lock" matchup and he delivered with 334 yards and 4
TDs.   If only they could play Detroit each week...  This week, they'll face
a San Diego team that ranks just # 26 in Passing Yards Allowed Per Game over
the last four weeks and # 23 in Fantasy Points Allowed to QBs.   WR David
Boston is unstoppable and a must start.   Frank Sanders played well too last
week but had what looked to be a pretty serious hamstring injury on the TD
reception.   Check Plummer's status as he has a bruised tailbone but I'd
feel good about him again this week.

Atlanta Passing Game vs Carolina Defense

Chris Chandler continued his up and down season with a nice outing last week
leading the Falcons to a huge upset over the Packers.   He threw for 352
yards and 2 TDs.   Terance Mathis led the way with 7 receptions.   Mathis
suffered a concussion but the early reports are that he'll be able to go.
This week, the Falcons face a soft Carolina defense that ranks # 21 in
Passing Yards Allowed Per Game over the last four weeks.   For the year,
they rank # 30 in Fantasy Points Allowed to QBs and # 23 in Fantasy Points
Allowed to WRs so this is looking pretty enticing.

Chicago Passing Game vs Minnesota Defense

Jim Miller to Marty Booker looked more like Montana to Rice Sunday.   I
don't recall the last time I saw two consecutive bomb TDs to the same player
like that Sunday.   Miller's been up and down but clearly, Booker is a guy
to watch.   Dez White and David Terrell are in the mix but this seems to be
Booker's show.   The Viking defense ranks # 29 in Passing Yards Allowed Per
Game over the last four weeks so it looks like the Bears may be able to
continue to roll.

Green Bay Passing Game vs Detroit Defense

Favre isn't as red hot as he was but he's still a premier QB.   He threw for
262 yards and 2 TDs last week.   He spread the ball pretty well between
Billy Schroeder, Antonio Freeman and Corey Bradford.   Bradford had the big
yardage while Schroeder and Freeman scored.   All 3 are solid plays.   TE
Bubba Franks continues to be a non factor.   The Pack draw a great matchup
this week in Detroit that ranks # 27 in Passing Yards Allowed Per Game over
the last four weeks.   They rank # 31 in Fantasy Points Allowed to QBs so
you have to like that.

Minnesota Passing Game vs Chicago Defense

If you'd been thinking about benching Daunte Culpepper, Randy Moss, or Cris
Carter, you got your answer Monday night.   These guys should always be in
your lineup as they're too explosive to sit against any matchup.   The Bears
rank # 31 in Passing Yards Allowed Per Game over the last four weeks so
clearly, this is a must start for these guys.   The only downside to the
Moss / Carter explosion was that TE Byron Chamberlain was left out of the
party.

San Francisco Passing Game vs Indianapolis Defense

You don't need me to tell you to start Jeff Garcia.   He's clearly one of
the premier QBs in the game.   Terrell Owens is freaky good and is obviously
a must start.   J.J. Stokes had a breakout game last week so he deserves a
look.   Tai Streets is not a bad reach and TE Eric Johnson is getting more
involved in the offense each week.   It's sort of like St. Louis where any
of these guys are worth a gamble.   Indy ranks # 23 in Passing Yards Allowed
Per Game over the last four weeks.   They rank # 25 in Fantasy Points
Allowed to QBs and # 26 in Fantasy Points Allowed to WRs so the 49ers are
looking good here.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Prime Matchups:  These games feature Defenses that should have trouble
stopping the Offense.

Baltimore Passing Game vs Jacksonville Defense

Does anyone else find the Baltimore's self destruction amusing?   The Grbac
tear thing on the sidelines (which looked like sweat to me) and then Shannon
Sharpe's posturing as the self appointed spokesperson shouting about
interceptions was pretty funny.   Can Brian Billick hold it all together?
Where's Trent Dilfer when you need him?   Grbac will be fine I think.
Sharpe is always a good play if you can stand having him on your team.
Qadry Ismail and Travis Taylor are both decent options as they're seeing
plenty of action and TE Todd Heap even got a score.   Lots of weapons in
this passing game.   They'll be facing a Jaguar defense that's reeling and
beat up.   They rank # 25 in Passing Yards Allowed Per Game over the last
four weeks.   Jacksonville ranks # 18 in Fantasy Points Allowed to QBs for
the year.   All in all, a good matchup here.

Detroit Passing Game vs Green Bay Defense

A perfect example of how sometimes the NFL does NOT mirror Fantasy.
Charlie Batch is becoming a desirable QB simply because his team is so bad
and he's forced to throw on every down.   Regardless of the reason, you have
to give this guy some credit as he's clearly becoming more comfortable in
the system.   He threw an amazing 62 attempts last week for 436 yards and 3
TDs.   I'll take that.   WR Johnnie Morton led the way with 153 yards.   RB
Lamont Warren had 11 catches but his status is up in the air with the return
of James Stewart.   Green Bay is nothing special against the pass lately
ranking # 22 in Passing Yards Allowed Per Game over the last four weeks.
For the year, they are pretty tough on QBs though ranking # 8 in Fantasy
Points Allowed to QBs and # 3 in Fantasy Points Allowed to WRs.

Kansas City Passing Game vs Seattle Defense

Trent Green had a week off to get everything together but you have to wonder
how much can be done in a week.   Derrick Alexander is supposedly ready to
play this week but you know how that goes.   I'd be leery until I see him
play some.   Snoop Minnis is still nursing an ankle injury and is iffy.   As
always, TE Tony Gonzalez is the primary threat.   Seattle has been below
average lately ranking # 20 in Passing Yards Allowed Per Game over the last
four weeks.   For the year, they rank # 29 in Fantasy Points Allowed to QBs
and # 25 in Fantasy Points Allowed to WRs.

New England Passing Game vs New Orleans Defense

Coach Bill Belichick raised some eyebrows when he announced Tom Brady would
be the starter until further notice.   Great news for Brady fans who'd been
sweating a Bledsoe comeback.   Brady's come back down to earth lately with a
mediocre 185 yard day last week but he's still showing promise.   WR Troy
Brown is by far the favored target and the only real receiver worthy of a
start in most leagues.   New Orleans has been very vulnerable lately to the
pass ranking # 30 in Passing Yards Allowed Per Game over the last four
weeks.   For the year, they rank # 16 in Fantasy Points Allowed to QBs.

New Orleans Passing Game vs New England Defense

Aaron Brooks once again offers some vindication for those (including us)
who'd been sweating it after giving him lots of preseason hype.   2 passing
TDs plus another TD rushing Sunday made his owners happy.   I'd go with the
hot hand and keep him in your lineup.   Joe Horn is clearly the WR of choice
as Willie Jackson is up and down.   TE Boo Williams is not a bad reach if
you need a guy there.   He caught 2 TDs and looked good doing it.   New
England ranks # 24 in Passing Yards Allowed Per Game over the last four
weeks but be careful, as Bill Belichick seems to sometimes pull out
something special to confuse young QBs.

Oakland Passing Game vs New York Giants Defense

You have to like Rich Gannon here against the Giant defense that was torched
by Minnesota last week.   Gannon threw for 311 yards and 4 TDs Sunday and
looks as in control of this offense as ever.   Jerry Rice looked half his
age running all over the field and played outstanding.   Tim Brown is as
good as ever.   This team has serious weapons and should go deep in the
playoffs, if not all the way.   The Giants rank # 15 in Passing Yards
Allowed Per Game over the last four weeks but for the year they rank # 3 in
Fantasy Points Allowed to QBs.

Pittsburgh Passing Game vs Tennessee Defense

Kordell Stewart once again looked like a real NFL QB.   He threw for 266
yards and a TD.   Most importantly, he didn't fold up when Jerome Bettis was
held down.   Hines Ward caught 9 passes for 112 yards and a TD and looks to
be a good play most every week as he's clearly the go to guy.   Tennessee
ranks just # 19 in Passing Yards Allowed Per Game over the last four weeks.
They rank # 26 for the year in Fantasy Points Allowed to QBs so these
Steelers could have a chance to do something through the air here.

San Diego Passing Game vs Arizona Defense

Doug Flutie's magic trick bag seems to be fairly well empty lately.   Losing
TE Freddie Jones last week surely didn't help even though Jones wasn't being
thrown to as much as we'd like to see.   Curtis Conway and Jeff Graham
struggled with Flutie.   This Arizona defense could be the ticket though as
Charlie Batch discovered last week.   They rank # 17 in Passing Yards
Allowed Per Game over the last four weeks but are playing softer than that.
They rank # 27 in Fantasy Points Allowed to QBs and # 24 in Fantasy Points
Allowed to WRs.

St. Louis Passing Game vs Tampa Bay Defense

Kurt Warner's a must start, obviously.   As are Isaac Bruce and Torry Holt.
Both are outstanding.   Bruce had the big yards Sunday while Holt got the
TD.   RB Marshall Faulk catches as many passes as the WRs, just another
reason why he's the best.   Tampa is limping but they rank # 9 in Passing
Yards Allowed Per Game over the last four weeks.   They do have 13 sacks
over the last 4 games so they're obviously putting pressure on the QB.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Even Matchups:  These games feature no real advantage either way

Carolina Passing Game vs Atlanta Defense

Are you really down to starting Chris Weinke?   I didn't think so.   Muhsin
Muhammad could miss this week's game with a shoulder injury.   That means
Donald Hayes would be the go to guy assuming his sore ribs allow him to go.
TE Wesley Walls is always a threat although he seems to be less of the focus
lately.   Maybe he needs to have another "Keyshawn Fit" and yell about not
getting the ball enough.   That worked pretty well for him last time.   The
Falcons rank # 12 in Passing Yards Allowed Per Game over the last four weeks
but for the year, rank # 28 in Fantasy Points Allowed to QBs.   They rank #
30 in Fantasy Points Allowed to WRs so they're definitely toastable.

Cincinnati Passing Game vs Cleveland Defense

It doesn't appear to be the best thing for the Bengals, but Jon Kitna
continues to air it out.   He threw 42 passes Sunday for 234 yards and 1 TD
/ 2 Interceptions.   The Bengals have about 25 WRs it seems and all are
pretty good.   Ron Dugans got into the act scoring a TD Sunday.   Darnay
Scott is the # 1 but it's a crowded group there making it tough to pick out
any one player.   The Brown defense ranks # 28 in Passing Yards Allowed Per
Game over the last four weeks so you'd think Cincinnati would be able to
throw the ball.    For the year, Cleveland ranks # 5 in Fantasy Points
Allowed to QBs though so it's not like it's a cakewalk.

Cleveland Passing Game vs Cincinnati Defense

Tim Couch is winning the "real" NFL games even though he's not doing much
for your FF team lately.   His 144 yard / 0 TD / 3 Int game Sunday is an
example of that.   He'll get back on track though.   Kevin Johnson and
Dennis Northcutt seem to be his primary guys with Quincy Morgan there too.
Honestly, I wouldn't count on too much from anyone but Johnson.   The Bengal
defense ranks # 10 in Passing Yards Allowed Per Game over the last four
weeks so they've been tough lately.   For the year, they rank # 22 in
Fantasy Points Allowed to QBs.

Indianapolis Passing Game vs San Francisco Defense

Peyton Manning looked solid even with the broken jaw.   Jerome Pathon is
gone for the year and Reggie Wayne's knee is an issue.   It looks like it'll
be his old reliable target, Marvin Harrison.   Keep an eye on TE Marcus
Pollard as he could easily be the best receiver after Harrison.   San
Francisco ranks # 13 in Passing Yards Allowed Per Game over the last four
weeks and # 19 in Fantasy Points Allowed to QBs.   You never know when
Manning will throw that monster game though so it's tough not to play him if
he's on your roster.

Philadelphia Passing Game vs Washington Defense

Donovan McNabb didn't wow anyone with his numbers Sunday but he didn't need
to in order to win the game.   He threw for 129 yards with 1 TD.   James
Thrash is still the go to guy with Todd Pinkston worth a roll of the dice in
larger leagues.   TE Chad Lewis was pretty active and caught a TD so you
like to see that.   The Redskins are starting to believe in themselves and
now rank # 18 in Passing Yards Allowed Per Game over the last four weeks.
A dangerous game against the Redskins who have nothing to lose and can play
with abandon.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Downside Matchups:  These games feature a Defense that could pose trouble
for the Offense.

Buffalo Passing Game vs Miami Defense

As a consistent Rob Johnson basher, Alex Van Pelt kept me from looking bad
by playing extremely well Sunday with 2 TDs and 316 yards.   And he actually
finished a game...   Clearly, he gives the Bills a boost.   Eric Moulds is
still the #1 WR but Peerless Price had a huge game with 138 yards and a TD.
Larry Centers was also extremely involved and TE Jay Riemersma caught a TD.
Miami is hurting without CB Sam Madison.   They rank # 6 in Passing Yards
Allowed Per Game over the last four weeks so they're still tough.

Denver Passing Game vs Dallas Defense

Brian Griese just keeps losing weapons.   From Ed McCaffrey to Terrell
Davis, now Rod Smith is limited with a bad ankle.   There's only so much a
QB can do without his weapons.   Smith is saying he'll try to tough it out
and play Thursday but it's very questionable how effective he'll be if he
plays.   My friend (and Denver local) B.J. Miller says his guess is that
Smith will dress but likely not finish the game after re-aggravating the
ankle.  I'd agree with that prediction.   TE Desmond Clark needs to become a
bigger part of the passing game here.   The Cowboys are solid on defense
ranking # 5 in Passing Yards Allowed Per Game over the last four weeks and #
10 in Fantasy Points Allowed to QBs so it's a tough matchup here for the
Broncos.

New York Giants Passing Game vs Oakland Defense

Kerry Collins threw for 321 yards but couldn't find the endzone Monday
night.   Ike Hilliard continues to improve and actually was more effective
than Amani Toomer.  Tiki Barber remains a strong force in the passing game
and that should continue.   All 3 of these guys are solid starters.
Oakland is very solid lately against the pass ranking # 4 in Passing Yards
Allowed Per Game over the last four weeks.   For the year, they rank # 15 in
Fantasy Points Allowed to QBs and # 16 in Fantasy Points Allowed to WRs.

Seattle Passing Game vs Kansas City Defense

Matt Hasselbeck posted 134 yards and 1 TD Sunday.   With the way Shaun
Alexander is running, that's probably enough.   Koren Robinson and Darrel
Jackson are the primary targets but Hasselbeck is really spreading the ball
around.   Kansas City ranks # 14 in Passing Yards Allowed Per Game over the
last four weeks although for the year, they rank # 6 in Fantasy Points
Allowed to QBs.

Tampa Bay Passing Game vs St. Louis Defense

Brad Johnson rolled up 399 yards Sunday without throwing a TD.   That's hard
to do.   Keyshawn Johnson remains TD-less which I admit is cruelly amusing.
That'll have to break soon though as he's just catching too many passes not
to score.   I wouldn't be surprised to see him explode with a couple of
multiple TD games as the odds even out.   Johnson to Johnson is really all
there is to talk about with this passing game.   The Rams are solid ranking
# 7 in Passing Yards Allowed Per Game over the last four weeks.   For the
year, they rank # 12 in Fantasy Points Allowed to QBs.

Washington Passing Game vs Philadelphia Defense

Tony Banks left with a concussion Sunday but Kent Graham did a fine job
filling in.   WR Michael Westbrook has shown nice maturity this season
hanging in there and now looks to be the quality WR everyone has always
expected him to be.   He had 9 receptions for 104 yards and a TD last week.
The Eagle defense can be troublesome with all their blitzing so it'll be a
challenge.   Philadelphia ranks # 11 in Passing Yards Allowed Per Game over
the last four weeks and for the year, they rank # 1 in Fantasy Points
Allowed to QBs.   Should be a tough game.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Defensive Slam Dunks:  These games feature a very tough Defense posing major
problems for the Offense.

Dallas Passing Game vs Denver Defense

Ryan Leaf did little to impress anyone Sunday with a 102  yard / 0 TD / 2
Interception game.   I can't get excited about anyone on this offense.
Joey Galloway could be worth a shot just for his home run potential but it's
pretty bleak overall.   Denver ranks # 8 in Passing Yards Allowed Per Game
over the last four weeks and that doesn't help any.

Jacksonville Passing Game vs Baltimore Defense

Mark Brunell is looking very iffy again and it'll likely be Jonathon Quinn
again.   (Has there ever been a good QB named Jonathon?)   That's bad news
for the Jaguar WRs Jimmy Smith and Keenan McCardell although both played
decent last week.   With Fred Taylor out again, Baltimore should have a
field day.   The Ravens rank # 16 in Passing Yards Allowed Per Game over the
last four weeks but for the year, rank # 7 in Fantasy Points Allowed to QBs.
I'd shy away from these guys unless I had few options.

Miami Passing Game vs Buffalo Defense

Jay Fiedler looked lost last week throwing for 188 yards, 0 TDs and 3
Interceptions.   He'll have his up and down games but he seems to be
settling back more toward the downside.   His WR corps is solid with James
McKnight, Oronde Gadsden and Chris Chambers but it's hard to put a lot of
faith in Fiedler.   I do like Chambers and his big play ability.   Buffalo
has been tough lately ranking # 3 in Passing Yards Allowed Per Game over the
last four weeks.   It's actually not so much an issue of them being tough as
it is teams just don't need to throw to beat them.   Regardless, offenses
haven't been putting up a lot of yards on them.   For the year, they rank #
24 in Fantasy Points Allowed to QBs.

Tennessee Passing Game vs Pittsburgh Defense

A typical Steve McNair week:   Major questions all week as to whether he'll
be healthy enough to play.   Guts it out through the game, rushing for more
yards than George, throwing for 172 yards and 1 TD.   It might win NFL games
but that probably won't carry your FF team.   Derrick Mason and Kevin Dyson
are both decent players at WR while TE Frank Wycheck remains his best
receiver.   The Steelers bring a great defense though ranking # 2 in Passing
Yards Allowed Per Game over the last four weeks.   They rank # 2 in Fantasy
Points Allowed to QBs not to mention the fact they've logged 18 sacks over
the last 4 games.   Tough matchup here.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

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---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/09/2000
11:21 AM ---------------------------

	From:  Eric Benson                           08/08/2000 08:08 AM

To: Drew Fossum/ET&S/Enron@Enron
cc: Michael Moran/GPGFIN/Enron@Enron

Subject: 2001 ET&S Budget Templates - DRAFT as of 8/7/00

Drew -

Attached are the latest drafts of the Northern and Transwestern budget
templates for your review and comment.  Changes were made to legal fees for
both cost centers as per my notes from the last group meeting we had on
budget.  In addition, you should have received the latest consolidated budget
run and the latest outside counsel spreadsheet for 2001.

Let me know if you have any questions, modifications, concerns, etc.

Eric


There was a mistake in my email address in Mark Barrett's message:?? Please
note that my correct address is sjain@haas.berkeley.edu

Hey evening MBA's,

If you are interested in learning about biotech or interested in getting
involved in the Haas Biotech Club, but cannot make it to the meeting
tomorrow, please contact Mark Barrett (barrett@haas.berkeley.edu) or Sarita
Jain (sjain@haas.berkeley.edu), and we will be sure to meet with you soon so
that you can get involved!

We look forward to hearing from you.

What: Haas Biotech Club Kickoff Meeting
When:Thursday, February 1, 12:30
Where: C325

Interested in learning more about technologies and trends in the biotech and
pharmaceutical industry?
Learn about consulting, marketing, business development, and banking
opportunities related to biotech.
Attend networking events with industry leaders, venture capitalists, and
entrepreneurs.

Please join us in discussing the following events:

Industry Speaker Series
Haas at Work-Genentech, Alza
Biotech Venture Capital Roundtable
Bay Area bioTank Networking Events
Biotech Firm Night

Please come and share your ideas.

Food and drinks will be provided.