Melissa -
I think we've finally reached a conclusion on the long term PX Index deals.
I've entered the following comment in the six deals still in the system with
Constellation at the old index:

Constellation and EPMI have agreed to leave deal at PX Index. Counterparties'
positions tie out - index price should not be relevant; however, index offset
will. Per Bob Badeer, 4/18/01. KS

This is exactly how Bob explained it to me, and he said it was exactly as
Constellation understood it as well. So if this sounds good to you, I think
we're set. If not, please let me know and we can make whatever changes are
necessary.

The deal numbers, for reference, are -
453152/453175/453294/462109/471888/471889

Thanks for your patience on this,
Kate

Melissa Ann Murphy
04/17/2001 11:02 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Constellation Cal Px trades

Hello, I guess if he wants to leave the deals as they are in the system then
the accounting group will see zero for an index price and they will see the
index off set price.  If he and Constellation both agree to do nothing to
these trades (not to revise the confirms or change the index on the trades)
then we can put notes in the trades explaining that.  I just want to make
sure that Constellation agrees with however we handle this.

Thanks for your help,
Melissa

   Kate Symes                04/17/2001 12:28 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Constellation Cal Px trades

I asked Bob about these this morning, and he said he's still got to work this
out with Constellation. The way he explained it, our position is flat with
Constellation, so for settlements purposes we're okay - i.e. We've bought the
same volumes that we've sold, and we end up losing a bit due to the index
offset - but otherwise the index price won't make a difference.  But I
suspect he's not thinking of the problem from the confirmation standpoint.
Could you tell me exactly what needs to happen to clear this up on your end
so that I can explain it to Bob in a way that might make him DO something?
I'm sorry for the delay on this - I'm getting ready to call Bob's contact at
Constellation for him.

Let me know what your ideal solution would be. Should we get Constellation to
agree to the Dow Jones index? Or should we change the deals to forward fixed
price? We'll fix this today - I promise.

Thanks,
Kate

Melissa Ann Murphy
04/17/2001 08:12 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Constellation Cal Px trades

Hello, any news on these Constellation Cal PX trades?
Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 04/17/2001
09:06 AM ---------------------------
   Kate Symes                03/30/2001 12:57 PM

To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Constellation Cal Px trades

I just talked to Bob, and I don't know if he's responded yet, but I thought
I'd fill you in anyway. He's been talking to his contact at Constellation
about changing these deals over, but hasn't received a concrete answer yet.
I've reminded him and he said he WILL talk to the guy and resolve it today.
I'll keep on it, and let you know when these deals have been changed.

Thanks,
Kate

Melissa Ann Murphy
03/29/2001 11:13 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Constellation Cal Px trades

Hello, I hate to bug you with this.  Whenever you can spare a second would
you ask Bob about this?  I am afraid it is going to slip through the cracks.

Thanks for your help!
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 03/29/2001
12:07 PM ---------------------------

Melissa Ann Murphy
03/26/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT
Subject: Constellation Cal Px trades

Hi Bob, I was wondering if you have contacted Constellation about the 6
trades that are in the system with the Cal Px as the index price.  All of
these trades start flowing in July of this year.

The deal numbers are as follows:

453152.01
453175.01
453294.01
462109.01
471888.01
471889.01

Let me know if Constellation agrees to change these deals to the Dow Jones so
I can send a letter for them to sign.

Thanks,
Melissa


Hey, sorry its been a little while but I've been traveling and keeping some
late hours on these generation projects.  With regards to UT, I am going to
stay at Enron for another year.  I feel that the thing that hurt me from
getting in the schools I wanted to get into were my undergraduate grades.  So
I have decided to take a couple of graduate level finance courses this summer
and re-apply next year.  Actually, I'll apply to Columbia this Sept to get
into their January program, which goes for a year and half.

So lets get together for lunch before you head off for B-school this summer.
Talk to you soon.
Ben
3-7998


All

A reminder that Philip Allen will be presenting to you today in conference
room 32C2 at 4.00 pm.   This will be the first of many training sessions by
department leads with ENA on their respective areas.   Please ensure your
attendance.

Rgds,

Karen.
x54667

Room:  32C2
Time:  4 - 6 pm.

Wednesday, April 18th  Allen, Philip
Wednesday, May 2nd  Arnold, John
Wednesday, May 16th  Davis, Dana
Wednesday, May 30th  Gilbert-Smith, Doug
Wednesday, June 13th  Grigsby, Mike
Wednesday, June 27th  Martin, Thomas
Wednesday, July 11th  Neal, Scott
Wednesday, July 25th  Presto, Kevin
Wednesday, Aug 8th  Herndon, Rogers
Wednesday, Aug 22nd  Schwieger, Jim
Wednesday, Sept 5th  Shively, Hunter
Wednesday, Sept 19th  Sturm, Fletcher


Marie:

Can you please forward the following paragraph to the confirm desk and ask them to revise confirmationYH2566.1, YH2564.1 and YH2567.1 by replacing the first full paragraph on page 2 of each of the three confirmations (replacing the paragraph that begins "Each of the parties to this Agreement recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon . . . ") with the paragraph that follows.  When they have completed the revision, please ask them to reissue the confirmations to Bank of Montreal and Reliant, respectively.  Please ask the confirm desk to send a copy of the Bank of Montreal confirm to Diane Bruning in the legal department IN ADDITION TO Bank of Montreal's confirmation group.  Diane's fax number is 646-366-1724.

Thanks

Leslie

Here's the new paragraph:

Each of the parties to this Transaction recognizes and acknowledges that the parties are acting and agreeing to perform their obligations hereunder in reliance upon contemporaneous, offsetting and related Transactions which were entered into between Reliant Energy Services, Inc. and Enron North America Corp., and Enron North America Corp. and Bank of Montreal, on the Trade Date, contemporaneously herewith. The effectiveness of this Transaction shall be subject to the condition that Bank of Montreal and Enron North America Corp., and Enron North America Corp. and Reliant Energy Services, Inc. entered into offsetting and related Transactions, contemporaneously on the Trade Date.
 -----Original Message-----
From: 	SStofer@reliant.com@ENRON
Sent:	Thursday, November 08, 2001 11:41 AM
To:	Hansen, Leslie
Subject:	Proposed Confirmation Language

Hello, Leslie:

Dede Russo requested that I e-mail the attached language to you for review.

Please let me know if you approve or have comments.

Thanks very much!

Sherry Stofer
(713) 207-5893

(See attached file: Ring Trades-Bank of Montreal-Enron NA 11-8-01.doc)

 - Ring Trades-Bank of Montreal-Enron NA 11-8-01.doc


I would love to go, but I have tickets to the Galveston Home show that day.
Have you seen the Kermilin Gold?  It is over Sunday.  I would like to go
after work.


Richard:

In the US we have changed our swap agreement forms to provide for arbitration
in order to avoid having to explain the intricacies of derivatives trading to
judges or, God forbid, juries.  In Canada we are continuing to submit to the
jurisdiction of Canadian courts (on the theory that there are no juries in
civil actions and arbitration is rarely used in Canadian contracts
generally).  As we are presently in the process of revising our UK swap
agreement forms, I guess it's time to revisit the issue as it applies to UK
agreements.  Currently we agree to UK law and the jurisdiction of UK courts
(where there are no juries in civil actions).  Should this continue to be our
policy or should we begin going for arbitration in the UK contracts also?  I
would ask Paul and Scott to let Richard and me know if arbitration is widely
enough used in UK agreements that we can get away with asking for it.

Thanks,

Mark


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Tony:

Steve Schroeder and I are traveling and have no independent comments.  Duke
likes Enron's comments, but I'm also open to deferral discussions on Monday
at 1:30.  Thanks

                    "Tony Palmer"
                    <tony_palmer@transc        To:     "Gadd Eric" <Eric.Gadd@ENRON.com>
                    anada.com>                 cc:     Steve Patrick <spatrick@sempra.com>, Bill
                                               Purcell <wpurcell@sempra-intl.com>, Peter Lund
                    10/26/01 12:14 PM          <peter.lund@neg.pge.com>, Byron Wright
                                               <wrightb@epenergy.com>, Jim Moore
                                               <jim.c.moore@williams.com>, cavan carlton
                                               <cavan.c.carlton@williams.com>, brad reese
                                               <bdreese@duke-energy.com>, Steve Schroeder
                                               <skschroeder@duke-energy.com>, Murray Birch
                                               <mbirch@wei.org>, Donna Friesen
                                               <donna_friesen@transcanada.com>, "Fossum Drew"
                                               <Drew.Fossum@ENRON.com>, "Hill Robert"
                                               <Robert.Hill@ENRON.com>, "McCarty Danny"
                                               <Danny.McCarty@ENRON.com>
                                               Subject:     Re: ANNGTC MOU

Gentlemen,

Yesterday, Enron provided comments on the MOU which raise several new
issues of substance. TransCanada & Westcoast recommend that these matters
be deferred and included with our discussions on the commercial proposal
and the Partnership Agreement, as we have agreed on a number of other
issues.

As we discussed on Tuesday's conference call, we believe the first priority
for ANNGTC is to finalize the MOU now, & put it "on ice", to permit all
parties to obtain the required governance approvals by Nov. 15 - also the
press release would be drafted, circulated & approved and ready to go at
that time.

Secondly, the commercial proposal to ANS Producers must be initiated in
early November to meet a mid-Dec. deadline. This proposal will of necessity
have the group addressing the large commercial alternatives in order to
establish a viable and attractive project.

We recommend a conference call on Monday @ 1:30 PM (Mountain time) to
finalize the MOU - we will arrange a dial-in #.. Please provide your
comments on the MOU to Murray & I today.

Tony

"Gadd, Eric" wrote:

> Please see the attached red-line with our comments.
>
> In paragraph 8, I've proposed new language to address that pre-existing
> residual claims must be satisfactorily addressed before a new
> partnership agreement would be executed.  Also, I've outlined the
> possibility for other forms of ownership than just a partnership.
>
> In paragraph 9, I've outlined a non-exhaustive list of issues to be
> addressed in the joint development and coordination agreement.
>
> During the next round of discussions following the MOU, I would like to
> explore the merits of rejoining partners having the right to rejoin as
> either a developing or non-developing party.  The outline structure I
> propose would be as follows-
> - In either case, ownership levels are as set out in the MOU
> - A developing party would have full voting rights and full financial
> responsibility during the development phase
> - A non-developing party would make MOU payments but otherwise not have
> voting rights or financial responsibility
> - A non-developing party could become a developing party at a specific
> time in the future and upon specific terms
> - Non-developing parties would agree to release their claims for AFUDC
> and interest to the extent commercially necessary
>
> Regards,
>
> Eric Gadd
>
> -----Original Message-----
> From: Tony Palmer [mailto:tony_palmer@transcanada.com]
> Sent: Thursday, October 25, 2001 3:13 PM
> To: Steve Patrick; Bill Purcell; Peter Lund; Byron Wright; Gadd, Eric;
> Jim Moore; cavan carlton; brad reese; Steve Schroeder
> Cc: Murray Birch; Donna Friesen
> Subject: ANNGTC MOU
>
> Now that the collective letter is on its way, could I request that you
> please provide your comments on the MOU language Donna sent to you
> yesterday.
> Comments tomorrow AM would permit us to finalize this week.
>
> Thanks,
>
> Tony
>
> **********************************************************************
> 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.
> **********************************************************************
>
>
------------------------------------------------------------------------
>                                           Name: MOU Letters Oct 23
Enron.doc
>                                           Type: Microsoft Word Document
(application/msword)
>    MOU Letters Oct 23 Enron.doc       Encoding: base64
>                                    Description: MOU Letters Oct 23
Enron.doc
>                                Download Status: Not downloaded with
message


Jinbaek,

The answer to the 1st question is yes.
The project list is fine with me and is still valid. We are an organization
driven by the needs of our internal customers.

I shall froward your message to the  person in EBS.
Hopefully, we shall get a positive response.

Vince

Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/15/2001 01:12:32 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Summer internship

Dr. Kaminski,

Sorry for the late response,
it took me some time to coordinate things.
Finally, it's almost dont :-)
It turned out that from June to August
will be best for me for work at ENRON
(Say June.4 to August.4)

But I still need to know several things from your side.
Could you answer following questions?

First:
Is my suggested working period is OK with you?
If so, let me know what to do for settlement
during the period.

Second:
I got a list of work, I might be able to do for
DealBench team from Ross and Suresh.
I'd like to know it is still a valid work list:
The list he sent is as following:

> 1.  Write a paper in layman's terms that answers
> questions like the following:
> Benefits of auctioning online for both buyers and
> sellers, particularly in reverse auctions
> Explanation how multi-variable auctions are not
> as efficient as price-only auctions (is this true?)
> How many participants are recommended for a
> successful live auction
> What types of goods and services are best suited
> for live auctions versus sealed bid quotes
> Opinions on lotting strategies
> Trends in online private auctions

> 2.  Identify appropriate recent auction research (3
> or 4 papers out of the 90+ you provided)and obtain approvals from the
> authors to post on our site

> 3. Create a list/bibiliography of relevant auction
> literature (with hyperlinks?)

> 4.  Would you be willing to offer auction consulting
> services to our customers (if they are interested)

Third:
There is an e-procurement forum at Haas School of business,
in May 22. The chair of the forum is my advisor Prof. Arie Segev.
A person from Wells Fargo Bank will talk about Wells Fargo's role
in e-marketplace payment initiative,
where ENRON broadband services is also one of key players
along with Citibank.
He asked me whether you can contact a person at
ENRON broadband services, who's related to the initiative.
He wants to know whether we will have a speaker from ENRON
to see ENRON's perspective, in the Forum.

Here is a link to news related to the initiative,

http://www.internetweek.com/story/INW20000808S0001

Fourth:
My advisor wants to know whether
there could be any opportunity to do a case study,
regarding ENRON's business.
He is interested in e-procurement and e-marketplaces.
Business model and System architecture...

Thanks for reading this long email.
I'll look forward to your answer..
I am sorry for giving you so much burden
to answer those questions possibly not easy to answer.

Warm regards,
Jinbaek

-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek

Go Bears!

      :"'._..---.._.'";       `.             .'       .'           `.
     :      a   a      :                 __....._
     :     _.-0-._     :---'""'"-....--'"        '.
      :  .'   :   `.  :                          `,`.
       `.: '--'--' :.'                             ; ;
        : `._`-'_.'                                ;.'
        `.   '"'                                   ;
         `.               '                        ;
          `.     `        :           `            ;
           .`.    ;       ;           :           ;
         .'    `-.'      ;            :          ;`.
     __.'      .'      .'              :        ;   `.
   .'      __.'      .'`--..__      _._.'      ;      ;
   `......'        .'         `'""'`.'        ;......-'
         `.......-'                 `........'

On Mon, 5 Mar 2001 Vince.J.Kaminski@enron.com wrote:

>
> Jinbaek,
>
> This is fine though you are welcome to spend more
> time with us this summer.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/04/2001 03:45:40 PM
>
> To:   Vince.J.Kaminski@enron.com
> cc:
> Subject:  Re: Summer internship
>
>
> Dr. Kaminski,
>
> Thanks for your answer.
> Before I tell you the time frame,
> I'll need to talk with my advisor, first.
> Because here is an on-going-project.
> I need to coordinate the schedule.
>
> I'll appreciate it if you understand my situation,
> and give me some time (less than a week, of course).
>
> For your reference,
> probably
> the dates I'd like to ask you will be
> from mid-May to mid-July (2 months)
>
> Warm regards,
> Jinbaek
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
>       :"'._..---.._.'";       `.             .'       .'           `.
>      :      a   a      :                 __....._
>      :     _.-0-._     :---'""'"-....--'"        '.
>       :  .'   :   `.  :                          `,`.
>        `.: '--'--' :.'                             ; ;
>         : `._`-'_.'                                ;.'
>         `.   '"'                                   ;
>          `.               '                        ;
>           `.     `        :           `            ;
>            .`.    ;       ;           :           ;
>          .'    `-.'      ;            :          ;`.
>      __.'      .'      .'              :        ;   `.
>    .'      __.'      .'`--..__      _._.'      ;      ;
>    `......'        .'         `'""'`.'        ;......-'
>          `.......-'                 `........'
>
>
> On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:
>
> >
> > Jinbaek,
> >
> > You can coordinate the details with me.
> > Let me know what the time frame is for you
> > and we shall send you an appropriate offer.
> >
> > Vince
> >
> >
> >
> >
> >
> > Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/02/2001 04:43:06 PM
> >
> > To:   Vince.J.Kaminski@enron.com
> > cc:
> > Subject:  Re: Summer internship
> >
> >
> > Dr. Kaminski,
> >
> > Thank you very much.
> > Of course, I'll be happy to have an opportunity
> > to work at such a wonderful company.
> > I was contacting with Surech Raghavan at Deal Bench team,
> > and was going to express my appreciation to you again
> > after settling down process with them.
> >
> > For the period of working,
> > I still need to coordinate with my advisor and
> > may need to adjust according to that.
> > but anyway, I'll try to coordinate smoothly.
> >
> > Please let me know whether I should keep contacting
> > with Deal Bench team,
> > for working period and
> > for misc. living support such as finding a place, rent a car, etc.
> >
> > I appreciate you so much again,
> > for arranging such meetings and giving me an opportunity.
> > All this opportunity will not be available to me,
> > without your kind help.
> >
> > Warm Regards,
> > Jinbaek
> >
> > -----------------------------------------------------------------------
> > Jinbaek Kim
> > Ph.D Candidate
> > Dept. of Industrial Engineering and Operations Research
> > U.C.Berkeley
> > http://www.ieor.berkeley.edu/~jinbaek
> >
> > Go Bears!
> >
> >       :"'._..---.._.'";       `.             .'       .'           `.
> >      :      a   a      :                 __....._
> >      :     _.-0-._     :---'""'"-....--'"        '.
> >       :  .'   :   `.  :                          `,`.
> >        `.: '--'--' :.'                             ; ;
> >         : `._`-'_.'                                ;.'
> >         `.   '"'                                   ;
> >          `.               '                        ;
> >           `.     `        :           `            ;
> >            .`.    ;       ;           :           ;
> >          .'    `-.'      ;            :          ;`.
> >      __.'      .'      .'              :        ;   `.
> >    .'      __.'      .'`--..__      _._.'      ;      ;
> >    `......'        .'         `'""'`.'        ;......-'
> >          `.......-'                 `........'
> >
> >
> > On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:
> >
> > > Hello,
> > >
> > > Sorry for a delay in getting back to you.
> > > We would like very much to offer you a summer internship.
> > >
> > > Please, let me know if you are interested.
> > >
> > > Vince Kaminski
> > >
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


Dear Derivatives Week subscriber:

Catch the latest breaking news in this week's issue by clicking here:
http://www.derivativesweek.com

Top stories this week:
______________________________________________
ITALIAN BANK TO BECOME MARKET MAKER FOR CREDIT.
Unicredito Banca Mobiliare is planning to become a market maker
for credit derivatives in Italy. It is looking at credit default swaps, total
return swaps, and credit default options, and will likely be a market
maker in these products by the second half of next year.

JUMBO CANADIAN PENSION FUND TO PUMP UP EQUITY DERIVATIVES USE.
The Ontario Teachers' Pension Plan Board, with CAD72 billion (USD48.42
billion)
under management, is looking to explore equity derivatives strategies. One of
the
most sophisticated end users in Canada, the fund is looking at starting a
range
accrual options and options overwriting program.

INDIAN ASSET MANAGERS DIVE INTO SWAPS.
A bevy of Indian asset managers are jumping into the rupee-denominated
interest-rate
swap market for the first time, which market players believe could boost
liquidity. High
interest-rate volatility, a better brokered market, and more future interest
rate uncertainty
are drawing the asset managers in droves.
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NOTE: You will receive weekly updates of the hottest stories in Derivatives
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Mark,

Here are some photos of me.? Two are of me diving in.? In one photo I have a
white swim cap on and in another I have a blue swim cap on.

-----Original Message-----
From: Jon & Debbie Sturgeon [mailto:sturgeon@ev1.net]
Sent: Wednesday, September 13, 2000 8:08 PM
To: Cy-Clones
Subject: [cy-clones] Photos online

-------------------------- eGroups Sponsor -------------------------~-~>
At 200 mph, it's hard to catch Mark Martin. But you can meet
him on his own page at www.gatorade.com. Find out what
makes him one of NASCAR's hottest drivers!
http://click.egroups.com/1/7609/15/_/827594/_/968893688/
---------------------------------------------------------------------_->

Cy-Clones,

Some photos from the recent Woodlands and National meets are on our web site
at:

http://users.ev1.net/~sturgeon/swimming/swimming.htm

Note that some of the photos are quite large so they might take a couple of
minutes to download if you have a slow modem (like we do...).

Enjoy!
Jon Sturgeon

To unsubscribe from this list, send an email to:
cy-clones-unsubscribe@egroups.com

Mailing list website:
http://www.egroups.com/group/cy-clones


Dolores,

I am glad you liked it. Merry Christmas.

Vince

Dolores Sustaita
12/19/2000 10:34 AM
To: Vince J Kaminski/HOU/ECT@ECT, Kevin G Moore/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
cc:
Subject: Holiday Gift Basket

Thank You, so very much for the Gift Basket, it is beautiful,  I will share
with the group.

Happy, Happy, Holiday's!

Dolores Sustaita & Move-Team


this was the response from legal...  please let me know if you have any objections.

thanks,

ml

 -----Original Message-----
From: 	Dickson, Stacy E.
Sent:	Wednesday, September 19, 2001 4:38 PM
To:	Lozano, Melba
Subject:	RE: Baja description

Melba,

I would like to re-phrase this slightly.  "Seller must communicate its election of the interconnect delivery point to Buyer by 10:15 Central Prevailing Time on the business day prior to the Effective Date (the "Election Deadline").  In the event that Seller does not communicate its election to Buyer by the Election Deadline, the interconnect delivery point shall be El Paso Natural Gas Pipeline at PG&E Topock."

Please note - I changed Central Standard Time to Central Prevailing Time to accomodate daylight savings time.

Stacy
 -----Original Message-----
From: 	Lozano, Melba
Sent:	Wednesday, September 19, 2001 1:55 PM
To:	Dickson, Stacy E.
Cc:	Walker, Chris; Meredith, Kevin; Wolfe, Jason; Grigsby, Mike
Subject:	FW: Baja description

Stacy,

The traders want to add the phrase in BLUE to the following location.  Could we go ahead and do this?  Please let me know.

Melba
58986

 -----Original Message-----
From: 	Lozano, Melba
Sent:	Wednesday, September 19, 2001 1:09 PM
To:	Wolfe, Jason
Subject:	Baja description

US Gas Phy       PG&E Baja Pool          Oct01           USD/MM
A US Gas Transaction with Enron North America Corp., under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a firm basis. The volumes scheduled to be delivered are subject to reductions due to normal operational constraints on the El Paso Natural Gas Pipeline. The reductions caused by these constraints are excused nonperformance and are not considered a failure to receive or deliver firm gas. The Contract Price shall be as submitted by Counterparty via the Website.  The Period of Delivery shall be from the Effective Date through the Termination Date.
The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website.
The transaction is for delivery into PG&E's Baja pipeline via the PG&E -  Topock interconnect off of either El Paso Natural Gas Pipeline or Transwestern Pipeline or PG&E -  Daggett interconnect  off of Kern River Gas Transmission at the Seller's discretion. The seller's decision regarding interconnect delivery point must be communicated to the buyer no later than 10:15 Central Standard Time on the business day prior to the Effective Date or delivery will be assumed to be El Paso Natural Gas Pipeline at PG&E Topock interconnect.
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day.


Thursday, May 10 at 10 a.m. Houston time, join Billy Lemmons on eSpeak.
Billy, vice president of the Associate/Analyst Program will answer your
questions in an "open mike" event.
Have a question, but you can't make the live event?  Pre-submit your
questions now on eSpeak, and come back to read the transcript later.


Sally - FYI - the first early pay trans for CommodityLogic.

Leslie
---------------------- Forwarded by Leslie Reeves/HOU/ECT on 01/19/2001 04:39
PM ---------------------------

	From:  Bryce Baxter                           01/19/2001 04:10 PM

To: Leslie Reeves/HOU/ECT@ECT
cc:
Subject: Commodity Logic Request

FYI - by my calc we made about $1200 on this deal...
---------------------- Forwarded by Bryce Baxter/HOU/ECT on 01/19/2001 04:06
PM ---------------------------

customerservice@commoditylogic.com on 01/19/2001 01:18:32 PM
To: customerservice@commoditylogic.com, tgros@enron.com,
douglas.fuehne@enron.com, debbie.r.brackett@enron.com,
russell.diamond@enron.com, wbradfo@enron.com, fred.lagrasta@enron.com,
mary.birmingham@enron.com, nera.swisher@enron.com, reginald.hart@enron.com,
bryce.baxter@enron.com, pam.b.boxx@enron.com, greg.whiting@enron.com,
jim.pond@enron.com, elise.clark@enron.com, amy.spoede@enron.com,
melissa.k.ratnala@enron.com, audrey.cook@enron.com, dale.neuner@enron.com,
sheri.thomas@enron.com, kristen.j.hanson@enron.com, joanie.h.ngo@enron.com,
cynthia.hakemack@enron.com, andrea.crump@enron.com
cc:
Subject: Commodity Logic Request

Mark Soulliere has made an offer to CommodityLogic to receive payment for an
amount that was originally scheduled to be paid on January 25, 2001.  Below
are the details of the offer:

User: Mark Soulliere
Counterparty: Tenaska Marketing Ventures
Counterparty ID: 208
Payment Amount: $12,762,722.45
Offered payment date: January 23, 2001
Deal Tracking Number: 39

This payment represents $12,768,389.51 of the total receivable account with
Enron.

The client should be notified by e-mail within 1 business day as to whether
the offer has been accepted or rejected.

Thank you.


Attached are three documents for your consideration:

--Q and As if there is a leak about the possible sale, but we don't want to
admit it (qanoadmit)

--News release if the leak runs amok and it is determined that we must
divulge--either for shareholder reasons or severe reputation
problems/miconceptions.  (leaknr)

--Q and As to accompany news release.  I suppose another option is having a
statement and Q and As ready without a release, but I don't think this gives
us the control we would need.  (qaadmit)

Please review and comment by end of next week.  Thanks.


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 10/30/2000 02:23
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     10/30/2000 02:17 PM

To: undisclosed-recipients:;
cc:
Subject: DJ FERC Probe Doesn't Find Calif Pwr Rates Unjust -Official

21:05 GMT 30 October 2000 *DJ FERC Probe Doesn't Find Calif Pwr Rates Unjust
-Official
(MORE) Dow Jones Newswires 30-10-00
2105GMT Details Of Report A Blow To State, Utils
NEW YORK (Dow Jones)--A federal regulatory report into California's
wholesale electricity market couldn't find evidence that power rates were
"unjust and unreasonable," a Democratic commissioner with the Federal Energy
Regulatory Commission told Dow Jones Newswires Monday.
The probe, details of which are scheduled to be released Wednesday, is a
blow to California's three investor-owned utilities, state officials and
millions of retail electricity consumers - all of whom have accused
generators of manipulating the market, collusion and "profiteering."
The commissioner, who spoke on condition of anonymity, said "the report
couldn't find that power rates in California were unjust and unreasonable."
Dow Jones Newswires reported Friday that the FERC report also found no
evidence of abuse by energy companies operating in the state, and wouldn't
be ordering tens of millions of dollars in refunds to consumers and
utilities.
Instead, the commissioner said the market structure resulted, in part, in
higher wholesale electricity costs, and several changes, such as price caps,
exacerbated the situation.
The commissioner said the report would address sweeping structural changes
to the state's Independent System Operator, which controls the high-voltage
transmission grid, and the state's Power Exchange, where power is bought and
sold.
Gov. Gray Davis reacted to the news with disappointment, according to his
press secretary, Steve Maviglio. The governor is expected to address details
of the FERC report Wednesday.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com
   (END) Dow Jones Newswires  30-10-00
2136GMT

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.

 <<Gunther Pergher (E-mail).vcf>>
 - Gunther Pergher (E-mail).vcf


Hey guys:  just to follow up after our discussion this morning on unfinaled
invoices, the following will be our procedures.

10th day of month:  invoices sent out
1st business day after 10th:  we will get the unfinaled invoice report from
settlements and start working on clearing all discrepancies.  We will have
all discrepancies cleared by the 5th work day after the 10th.
25th day of month:  purchase stuff goes out.
1st work day after 25th:  unfinaled invoice report from settlements, same
timetable to clear all discrepancies.

Remember:  a discrepancy will consist of anything that could hold an invoice
from going out the door.
We need to be very receptive to other groups in helping them clear these up.
We know more about these deals than anyone, so let's be helpful.
Let's also try to clear these up in a way so as to avoid causing these
problems in the future, if we can.

Thanks in advance for everyone's help.


Thanks Bill--see my other email.  We'll let them suggest a name.  df

From: William E Brown/ENRON@enronXgate on 03/22/2001 04:05 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Ann Ballard/ENRON@enronXgate

Subject: Organizational Partner Inc.

Drew - Below is a list of D&O of the subject entity.  This is also your
reminder to contact Ann Ballard at (713) 853-5285, as to whether David
Neubauer or Kent Miller are appropriate to fill your soon-to-be vacated
position with this company.  Here's the list:

DIRECTORS:				Title:

	Richard A. Causey 			Director
	James V. Derrick, Jr. 			Director
	Drew J. Fossum* 			Director
	John D. McCallum 			Director

OFFICERS:			Title:

	Drew J. Fossum* 			President
	William R. Cordes* 			Vice President
	R. Davis Maxey 			Vice President
	Mary Kay Miller* 			Vice President
	Kleoniki Maria A. Pavlou* 			Secretary


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/15/2000
04:44 PM ---------------------------

"Andrew Kalotay" <andy@kalotay.com> on 09/11/2000 01:27:39 PM
Please respond to <andy@kalotay.com>
To: "Vincent Kaminski" <vkamins@enron.com>
cc:
Subject: More hedge effectiveness testing

Vince,
Have you seen the latest version of our article?  In a nutshell, it
establishes both what's right and what's wrong with r-squared/regression.
Essentially, r-squared is fine PROVIDED that the amount of the derivative
optimal, but otherwise it makes little sense.
Please let me know what you think about this.
Regards,
Andy
Andrew Kalotay Associates, Inc.
(212) 482-0900
andy@kalotay.com

Visit our web-site http://www.kalotay.com

 - FAS133 article.pdf


EWS Budget Meeting.

  Date:   May 8, 2001

  Time:   11:00 a.m.

  Location:  EB32C2

Many Thanks,

Liz Taylor


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February 8, 2002

QUOTE OF THE DAY

"This was a very large corporation. It would be impossible to
know everything going on."

JEFFREY K. SKILLING,Enron's former chief executive.

NATIONAL

Flight Student's Grand Goals Led to Suspicion, Then Arrest

An e-mail sent by Zaccarias Moussaoui provides a detailed picture of the man federal authorities believe was meant to be the 20th hijacker on Sept. 11.

Scientists Report Initial Success With a Blood Test for Ovarian Cancer

Researchers are reporting they have taken the first step toward developing a reliable blood test to detect ovarian cancer.

Six Priests Suspended After Claims of Sex Abuse

The Roman Catholic Archdiocese of Boston said that it had suspended six more priests because of accusations of past sexual misconduct.

MORE NATIONAL NEWS

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INTERNATIONAL

In Shift, Bush Says Geneva Rules Fit Taliban Captives but Not Qaeda Members

President Bush decided on Thursday that the Geneva Convention would be applied to the Taliban captives being held in Cuba, but not to Al Qaeda detainees.

Sharon Tells Bush He Expects Creation of Palestinian State

Prime Minister Ariel Sharon of Israel said in a visit to the White House on Thursday that he expected to see a Palestinian state at the end of the Middle East peace process.

Nigeria's President Fears for His Fledgling Democracy

Nigerian President Olusegun Obasanjo told his anxious nation on Thursday that rising violence and lawlessness were dangerously undermining its three-year-old democracy.

MORE INTERNATIONAL NEWS

BUSINESS

Testimony of Enron Executives Is Contradictory

Lawmakers heard sharply conflicting testimony from Enron's former chief executive, Jeffrey K. Skilling, who portrayed himself as ignorant of the company's questionable practices.

How Citigroup Hedged Bets Against Enron

Citigroup, a major lender to Enron, decided to protect itself in the unlikely event that its borrower faltered. Now it is looking smart while others are smarting.

A Tale Told to Congress, Full of Sound but Blurry

It is true that a lack of confidence doomed Enron, but the fact that so little is left makes it appear that the lack of confidence was richly earned.

MORE BUSINESS NEWS

TECHNOLOGY

Remarks on Microsoft Case Mostly Oppose Settlement

According to the sprawling democratic cacophony found in some 30,000 public comments received by the Justice Department, the Microsoft settlement gets a thumbs down.

Earnings Increase at E.D.S., but Sales Are Below Estimates

The Electronic Data Systems Corporation reported fourth-quarter profits that rose 26 percent and beat analysts' expectations.

MCI Chief Says He Repaid Debt, Borrowing From His Company

Bernard J. Ebbers, the president and C.E.O. of MCI WorldCom, said that he had paid off his margin loans by borrowing more than $250 million from the company he runs.

MORE TECHNOLOGY NEWS

POLITICS

Bush Administration Allows Oil Drilling Near Utah Parks

The Bush administration is opening the red rock country near two of Utah's popular national parks to oil and gas drilling.

Senate Votes to Cap Farm Subsidies at $275,000

The Senate voted to cut in  half the amount of money the biggest farmers could receive.

Advisory Panel Tells Congress That Amtrak Should Be Split

A panel created by Congress in 1997 to advise   on the future of Amtrak said that the railroad should be broken up.

MORE POLITICS NEWS

SPORTS

From Any Position on the Floor, Jason Kidd Can See Tomorrow

It is the passing that defines Jason Kidd, who will be the only Net in this year's All-Star Game on Sunday.

After Sloppy First Half, Duke Avenges Its Loss

Dahntay Jones and Mike Dunleavy sparked the Blue Devils in the second half to lead Duke over Florida State in a rout.

Devils Squander Lead, Then Hold On for Tie

With a point for the tie against the Thrashers, the Devils are now even with the Rangers for eighth place in the Eastern Conference.

MORE SPORTS NEWS

ARTS

Showcase for Muppets

Puppets from the Jim Henson Company join Broadway stars in a production of "Carnival," part of the  Encores!  series at City Center.

Fed Up and Going After the Terrorist Himself

Arnold Schwarzenegger stars as a Los Angeles firefighter who seeks revenge after his wife and son are killed by a terrorist.

The Answer Is Here, All Around You

Kevin Bacon gives a sincerely modest performance as a man on a spiritual journey in Heather McDonald's sticky poem of a play.

MORE ARTS NEWS

NY REGION

With Uncertainty Filling the Air, 9/11 Health Risks Are Debated

Residents of lower Manhattan returning to their homes are trying to assess the environmental  risks that the proximity to a disaster site may entail.

City Reconsidering Moving Museum Into Tweed Courthouse

Mayor Michael R. Bloomberg acknowledged that he   was reconsidering a plan to move the Museum of the City of New York into the Tweed Courthouse.

New Overseer for Courts in Brooklyn

The state's top judges appointed a new administrative judge to oversee the problem-plagued State Supreme Court in Brooklyn.

MORE NY REGION NEWS

OP-ED

Money-Grubbing Games

By PAUL KRUGMAN

President Bush reiterated his promise to provide $20 billion  just in time to have another   photo op with New York police officers and firefighters. But the money is still not in the budget.

A Safe Place for a War

By NICHOLAS D. KRISTOF

American troops are coming to the Philipines to continue the war on terrorism, but Abu Sayyaf, the group they are supposed to destroy, isn't a terrorist group.

Can Congress Discipline Itself?

By LEON E. PANETTA

Unless Congress and the president are willing to enforce budget discipline, the nation is likely to embark upon another long era of deficit   spending.

MORE OP-ED  NEWS

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Hi guys, trying to clean up Feb outstanding issues.  Looks like we should
have a deal with Sanchez at the above referenced meter.  Currently, strangers
gas is getting the flow.

Could you let me know if this is valid or not?  Settlements needs to know
ASAP.  Seems an invoice for the gas has been received.

Thanks!!

Charlotte Hawkins


<<IPW092401.pdf>>
Good Morning,

Attached, please find the latest issue of our Independent Power Weekly.

Also note that there is a replay available of our conference call, which
took place last week.  The dial-in number is 402/220-7493.  The PIN # is
7493.  The call featured Judah Rose from ICF Consulting.  Topics discussed
included: 1. Recent trends in the US power market; 2. Their impact on the
generation supply chain; and, 3. The relationship between GDP and power
demand.  A copy of the slides that accompanied Judah's presentation is
available upon request.

Summary:
1. IPP's Fall 5.1%   Last week our our IPP composite declined 15.4%,
outperforming the NASDAQ (-15.7%), but underperforming the S&P 500 (-11.1%).
NRG Energy, which was down 8.8%, was the strongest generator in the group.
International Power was the weakest performer, declining 30.5%.

2. Generation Oriented Utilities Fall 6.9%   Our universe of generation
oriented utilities fell 6.9%, outperforming all the major market indices.
DTE Energy, which was down 2.7%, was the strongest performer in the group.
PPL was the weakest performer, declining 13.5%.

3. IPPs Trading 24% Below Private Market Asset Value   Importantly, our
analysis indicates that all the major US IPPs are now trading at or below
the private market values of their assets.  As a group, the major IPPs are
trading at a 24% average discount to their private market asset values.  NRG
Energy and Reliant Resources are trading at the most significant discounts
to their private market values-33% and 34%.

4. Disparity Between Public and Private Market Valuations is Unsustainable
We believe this situation is unsustainable and envision 3 scenarios that
could play out.  1. Stock prices may simply rebound correcting the valuation
disparity; 2. IPPs limit the amount of capital allocated to new plant
construction and pursue share buybacks or acquisitions of other IPPs; or, 3.
Traditional utilities (both domestic and foreign) or other entities from
outside the industry pursue acquisitions of IPPs.

Regards,

Neil Stein   212/325-4217

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


Louise, the attached spreadsheet has 3 tabs. One lists the entire wholesale Logistics team, the second is a list of the staff needed to run a reduced business, the third a ranking of employees currently doing the scheduling function.

Please call me if you have questions or need clarification - Bob Superty


Greg,
 I am a '95 grad now working with EECC after five years of being an armor
officer.  I just recently made my transition and I am exploring what
direction I would like to take within the corporate arena.  I  was wondering
if you could take some time to share some information about your business
unit, experiences, and any suggestions you may have for someone in my
situation.   I hope to hear from you soon.

Happy Holidays!

Rob Krotee


I've just looked at some beautiful photos--hand colored done by our project
manager's wife--she is a professional photographer.  How would you all feel
about having a really good, artistic picture done of the three of us for a
gift to Mom and Dad?  Let me know--we could do it while Sally is here for
the shower....

Cindy


Hi Charlotte,

We are starting to check out our options for the summer, and one of the
things we are considering is the day camp that Enron is involved with.  They
pick up and deliver from the Enron building, and I was wondering if you might
consider picking Michael up from here (Enron).  I suspect most days he could
go to your place.

I have no idea if this is the direction we will go, but I thought I would run
it by you early on.  I have to think about how much travel I might have, as
it might be hard on Neil to take Michael downtown in the morning.  Paige has
applied for a job at Enron, though, so if that worked out we would be in good
shape.

Here's a link.   They have some neat themes.

http://www.kidventurecamp.com/camp_enron.htm

Have you heard of any other good day camps?  You seem to be plugged in fairly
well.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/25/2001 10:05
AM ---------------------------

	From:  WorkLife Department and Kidventure
01/24/2001 11:00 PM

Sent by: Enron Announcements
To: All Enron Houston
cc:

Subject: Kidventure Camp


Greg, we live very close to you!  We have to get together soon.  I have sent
you an invitation to our New Year's Day party, and I hope you can come.

By the way, congrats on all the success and good press on Fusion.  It is well
deserved!

Merry Christmas!

Michelle

"Phillips, Gregory L (Legal)" <Gregory.Phillips@COMPAQ.com> on 12/16/99
10:32:00 AM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Address

Michelle:

I just got your voicemail and I was on a conference call.  However, I'm
running late to another meeting.  I will try to call you later today.  I
hope that the family is doing well and that you guys are having a wonderful
Holiday Season.  Here's our information:

Greg, Cynthia and Sidney Phillips
2711 S. Glen Haven Blvd.
Houston, TX 77025
713-660-7880

I will talk to you later.

GLP


Frank,

Are you interested in bowling in the city tournament this year?  It will be
the weekend of June 9 & 10.

Fred and I are bowling.

Let me know ASAP.

Thanks,
Russ


Thanks for writing - I deleted your message and then hopped on another
conference call.  How about 330?

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/11/2001 02:38:35 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>, "'carlos.sole@enron.com'"
<carlos.sole@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: Conference Call

Kay:

Per my voice mail, Greg Lang wanted to schedule a call for 3:00 central time
today to raise something that the lenders brought up.  Please advise if you
are available, or if not, what time would be convenient later today.  Greg
says it should be a 15 minute call.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
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message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Mark- our fears came true on this. Well got "stuck" and costs will escalate
substantially. Now is necessary to sidetrack. Did your guys find anything on
this? Rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 11/21/2000 11:17 AM
---------------------------

From:  Rick Buy
11/01/2000 01:13 PM

To: Mark E Haedicke/HOU/ECT@ECT
cc:
Subject: Cypress Exploration Program - Operator/Cash Call Issue

Mark- were you aware of this? Not a huge dollar  amount but does indicate a
naked risk we didn't know we had (I think). Rick

--------------- Forwarded by Rick Buy/HOU/ECT on 11/01/2000 02:11 PM
---------------------------

From:  Rick L Carson
   11/01/2000 11:28 AM

To: Rick Buy/HOU/ECT@ECT
cc: David Gorte/HOU/ECT@ECT, Bradford Larson/HOU/ECT@ECT, Don
Rollins/HOU/ECT@ECT
Subject: Cypress Exploration Program - Operator/Cash Call Issue

Rick:  I wanted to inform you about a situation where a Commercial Team has
subjected Enron to some material risk that did not get appropriate
approval.

 Here's the story:   On October 30, I received a funding request for my
approval of approximately $260,000 representing a cash advance request on
the Bernard No. 1 well, a 16,500 exploratory well in the Cypress Program.
The request appeared pretty routine but as is our procedure, I had Don
Rollins check it out .   Don discovered that we had already paid our cash
call and this cash call represented our working interest partner, Kelley
Oil's share, which is a highly unusual situation.  Checking further we
discovered that  the well is being drilled under a farmout agreement from
Kelley, who wanted to be operator.  Our guys (Thompson/Josey) wanted Enron
(not Kelley)  to operate the well during the drilling phase but did not want
to be official operator of record so they set up Rozel Onshore, our prospect
generator in Lafayette to be our surrogate operator.  Kelley was upset about
this and would not sign the Joint Venture Agreement unless the cash call
provisons were deleted.  Thompson/Josey and team agreed and signed the
agreement which has no initials from the Legal Department.   The effect of
this was that Rozel/Enron would have to incur all the costs then bill and
collect from Kelley.

Rick, as you are aware, the cash call provision in a JOA is the primary
credit risk mitigant that an operator has to ensure that his partners pay
their share of well costs before costs are incurred.  This can be
particularly good protection if a well gets in trouble with lots of cost
overruns that partners don't  want to pay.  In this case, our surrogate
operator, Rozel has no established credit with oil service companys and no
money of his own so all services including the drilling rig are having to be
prepaid by Enron 100%.  The well is heavily front end loaded with costs with
a total drill and complete exposure of over $4.0 million (if thing go ok!)

I discussed this with Dave Gorte and Brad Larson and we all agreed  that we
are forced to fund since the well is drilling and failure to fund would shut
down operations.   Also, keep in mind that this will be an ongoing obligation
(and risk exposure) during this entire drilling phase.

Lessons Learned:
   1) The E&P merchant finance team has no business operating a deep S.
Louisiana exploratory test.
   2)  Important provisions, like "cash call" should never be given away
without appropriate risk assessment and approval.

Please call if you have questions.


Bill, attached is a memo prepared by Susan Scott that does a good job of
answering the several questions that you had about the situation at Topock.
Note that in Susan's first answer, PG&E has no obligation to Transwestern to
accept gas at Topock.  They may well have obligations to their own
transportation customers or sales customers that have to be satisfied with
Topock receipts, but that doesn't give TW any rights against PG&E.  I realize
these are not comforting answers, but I wanted us all to have a realistic
understanding of where we are.  I'm running this by Lou in case he has a
different spin on the history or the agreements.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/11/2000
02:44 PM ---------------------------


Hi, got your message.  We will have it to you before 4pm.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Friday, July  20, 2001 1:07 PM
To:	Melodick, Kim
Subject:	FW: Confidential A&A PRC Results

I will be leaving at 4pm - so please get me the files asap

 -----Original Message-----
From: 	Deffner, Joseph
Sent:	Friday, July 20, 2001 11:02 AM
To:	Kitchen, Louise
Subject:	FW: Confidential A&A PRC Results

Catherine has been in Global inance for Enron Americas for the past year. She has been ranked a Category 1 during year-end 2000 and mid-year 2001 PRC. She is responsible for the financial modeling of all the greenfield project development opportunities being pursued by Origination. She has learned to articulate the banks' concerns with the projects and equipment to be financed within E-Next and other structures to both the originators and accounting. The successful effort Origination has had this year with developments has provided tremendous document flow which has allowed Catherine to develop her document review skills from both a financing and commercial perspective. The growth in maturity she has experienced driven by her deal flow has made her one of the core "go to" junior people in my group when a deal calls for financial analysis. She has been performing at the manager level for six months and is seen as a leader among the junior staff in the group.

 -----Original Message-----
From: 	Slone, Jeanie
Sent:	Thursday, July 19, 2001 10:30 AM
To:	Deffner, Joseph
Subject:	RE: Confidential A&A PRC Results

Louise and John will be reviewing these early next week.  Since Catherine is eligible and has a 1 rating I do not believe this will be an issue.

Louise has requested that each manager write a brief statement about why the employee should be promoted.  Please submit it to me by noon tomorrow if possible.  I apologise for the late notice.  The need for a written summary just came up.  If this is an issue, just let me know and we can resolve another way.  Thanks.

 -----Original Message-----
From: 	Deffner, Joseph
Sent:	Thursday, July 19, 2001 6:50 AM
To:	Slone, Jeanie
Subject:	FW: Confidential A&A PRC Results

Jeanie, is there anything additional I need to do with regards to Catherine Clark's promotion?

 -----Original Message-----
From: 	Bosien, Teresa
Sent:	Wednesday, July 18, 2001 5:40 PM
To:	Deffner, Joseph
Subject:	Confidential A&A PRC Results

Below are the final PRC rankings for the Analysts and /or Associates who were assigned to you for the mid-year PRC process.  Please communicate these results to the appropriate supervisor.  PRC reviews with the Analysts and Associates should be completed by early August, and the signed evaluation forms should be returned to me at EB3539b.  The Program recommends that if asked, the supervisor should provide the actual ranking to the Analyst or Associate.  In addition, we recommend that the PRC representative be involved in providing feedback to the Analyst or Associate.

Name	PRC Level	BU	Hire Date	Supervisor	Ranking	Promotion
Edmonds, Marcus  R	Analyst-2	ENA	7/19/1999	Ms. Lisa Bills	3	No
Clark, Catherine  J	Associate	ENA	9/13/1999	Ms. Lisa Bills	1	**
Liu, Ying  	Associate	ENA	8/7/2000	Ms. Lisa Bills	3	No

**Catherine is eligible for promotion to Manager - waiting on business unit approval.  Contact Jeanie Slone if you need additional information.

Thank you for your participation in this important process.

Terry Bosien
Human Resource Manager
Associate & Analyst Program
713/853-5230


Dave, attached is our settled form of product description and GTC we have
prepared for a HDD Australian weather swap. The GTC has been prepared on the
basis that the GTCs will apply even in instances where there is a Master
Agreement with the counterparty.

Susan/Heidi - I  would also like a specific sign off from someone (presumably
Price WaterhouseCoopers) that the input tax status of commodity derivatives
(as outlined in the Australian Tax Office Consultation Paper on the
application of GST to financial services) will extend to weather derivatives.

We are preparing similar documentation for the following, HDD swap, HDD Call
Option, HDD Put Option, CDD Swap, CDD Call Option and CDD Put Option.

Interested in any feedback.


so ...you need flights to Houston??

From: Jeff Dasovich on 04/25/2001 01:23 PM CDT
Sent by: Jeff Dasovich
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Re: *CALL-IN NUMBER* for STAFF MEETING & CONFERENCE CALL

I have one:
Houston's coming to town for a meeting on Friday, the 4th.


Please review.  mary


Any sales made to MGI off of HGPL or HPL should be billed by the Texas Desk.
However, HPL will not invoice MGI.  All trades are done under ENA.

Daren

Elsa Villarreal
12/26/2000 02:26 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: MGI Supply
Humble Gas Pipeline
S#446339, 449505, 411836, 472615, 463236, 448454

---------------------- Forwarded by Elsa Villarreal/HOU/ECT on 12/26/2000
02:26 PM ---------------------------

	From:  Nicole Vo @ ENRON                           12/08/2000 11:28 AM

To: Elsa Villarreal/HOU/ECT@ECT
cc:
Subject: MGI Supply
Humble Gas Pipeline
S#446339, 449505, 411836, 472615, 463236, 448454

Elsa,

I was informed to bill anything on HGPL by my supervisor, but when I talk to
Priscilla Hamic she informed me that HGPL should be billed by offsystem and
not the Texas desk.  The deals in Sitara that relate to HGPL all state that
it is Texas desk.

Please let me know who should be billing MGI Supply for HGPL volume.

Thanks for your help.
Nicole Vo


>From: "john true" <true2@hotmail.com>
>To: Eric.Amadori@AIG.com, vicdavid@hotmail.com, budferris@hotmail.com,
>rnoble77@hotmail.com, jspagnuolo@accunetsolutions.com,
>jbushnell@fastdial.net, westy_32@yahoo.com, t_nelson60@hotmail.com,
>paul.m.mccann@marshmc.com, HVega5@aol.com, hardcorr77@aol.com,
>conal16@aol.com, russballato@hotmail.com, bkucz@aol.com,
>csaponaro@saturnasset.com, TMORAN21@aol.com, wayne.hellyer@eds.com,
>mcgrath_sean@hotmail.com, pfiumara@hotmail.com, TFTIV@yahoo.com,
>delaneyjay@yahoo.com
>Subject: Fwd: Bombs Away!
>Date: Wed, 08 Nov 2000 02:20:17 GMT
>
>
>
>
>>From: "Chris Masters" <chrismasters9@hotmail.com>
>>To: ncafferky@hobbsgroupllc.com, Kevin_Caulfield@hotmail.com,
>>Jason.Cherella@mtv.com, Goose6108@hotmail.com, elduderino1@hotmail.com,
>>Andrew_DiFeo@toyota.com, d_finkle@hotmail.com, yankeessuck33@hotmail.com,
>>Hershcules@hotmail.com, hughesmu@bc.edu, mkmaddog@hotmail.com,
>>akenney11@yahoo.com, burtonbalance@hotmail.com, dmcculloch@LordAbbett.com,
>>cmills100@hotmail.com, EMita@ecount.com, mulcahymark@hotmail.com,
>>seanritch@cs.com, ssezak@yahoo.com, bsul7@hotmail.com, true2@hotmail.com,
>>vineburg@bc.edu, Wainod@aol.com, sunsetstitches@usa.net
>>Subject: Fwd: Bombs Away!
>>Date: Tue, 07 Nov 2000 10:29:15 EST
>>
>>
>>
>>
>>----Original Message clamotta@dlj.com,
>>>mcarlo44@aol.com,
>>>                                               cmorley@vertexeng.com
>>>                                               cc:
>>>                                               Subject:     Bombs Away!
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>(See attached file: Rack1.jpg)
>>>(See attached file: Rack10.jpg)
>>>(See attached file: Rack2.jpg)
>>>(See attached file: Rack3.jpg)
>>>(See attached file: Rack4.jpg)
>>>(See attached file: Rack5.jpg)
>>>(See attached file: Rack6.jpg)
>>>(See attached file: Rack7.jpg)
>>>(See attached file: Rack8.jpg)
>>>(See attached file: Rack9.jpg)
>>>
>>>
>>>(See attached file: Rack1.jpg)
>>>(See attached file: Rack10.jpg)
>>>(See attached file: Rack2.jpg)
>>>(See attached file: Rack3.jpg)
>>>(See attached file: Rack4.jpg)
>>>(See attached file: Rack5.jpg)
>>>(See attached file: Rack6.jpg)
>>>(See attached file: Rack7.jpg)
>>>(See attached file: Rack8.jpg)
>>>(See attached file: Rack9.jpg)
>>>(See attached file: Rack1.jpg)
>>>(See attached file: Rack10.jpg)
>>>(See attached file: Rack2.jpg)
>>>(See attached file: Rack3.jpg)
>>>(See attached file: Rack4.jpg)
>>>(See attached file: Rack5.jpg)
>>>(See attached file: Rack6.jpg)
>>>(See attached file: Rack7.jpg)
>>>(See attached file: Rack8.jpg)
>>>(See attached file: Rack9.jpg)

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

 - Rack1.jpg
 - Rack10.jpg
 - Rack2.jpg
 - Rack3.jpg
 - Rack4.jpg
 - Rack5.jpg
 - Rack6.jpg
 - Rack7.jpg
 - Rack8.jpg
 - Rack9.jpg


IntercontinentalExchange
Firm Power Price Bulletin

For Power Delivered on Monday, November 12, 2001
(Trade Date of Friday, November 09, 2001)

Click here to access index history <http://www.intcx.com/SubscriberServlet/subscriberservlet.class?operation=powerIndexForm&hub=All>.

* volume represents sell-side only *

Hub	 High	 Low	 Wtd Avg Index	 Change ($)	 Vol (Mwh)
Cinergy	$26.50	$25.75	$26.06	+ 1.73	120,000
Comed	$26.00	$24.75	$25.03	- .20	7,200
Entergy	$29.00	$25.00	$27.48	+ 1.74	39,200
Nepool	$37.75	$36.55	$36.90	+ 1.05	16,800
Palo Verde	$30.50	$28.50	$29.12	+ 2.49	12,800
PJM-West	$26.10	$25.50	$25.90	+ 3.06	80,000
SP-15	$32.50	$30.75	$31.86	+ 3.83	16,800
TVA	$26.50	$24.75	$25.85	+ 1.88	20,800

Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.

IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.

In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.   Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.

This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.

You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.

To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com <mailto:sales@intcx.com>.

To unsubscribe from this service, click here unsubscribe <http://www.intcx.com/subscribe.html>.

?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


>From: Steven Lee
>To: Duong , Duy , Huy , Kevin , An La , Binh Nguyen , Simon , Viet Vu
>Subject: Check it out!
>Date: Wed, 25 Jul 2001 20:45:13 -0700 (PDT)
>
>
>
>__________________________________________________
>Do You Yahoo!?
>Make international calls for as low as $.04/minute with Yahoo! Messenger
>http://phonecard.yahoo.com/

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


Jeff and Andy,

Thank you for your time yesterday.  The meeting went well and I believe we now have a lot of momentum to move forward on all fronts.

I met with Felicia Garland today to recap the meeting and want to summarize for you both:

	Broadband: Felicia met with Kim Godfrey, EBS, this morning as well and they are moving forward to get a meeting set up to get David Cox and John Echols
		in front of Bob Golden and others who make operational decisions within Pru.

	RAC meeting:  Felicia and I went through the list of who Enron would bring to the table and she is going to confer with Matt Chanin regarding who Pru would bring and 		determine the best location and time for the meeting.

		We expect that both of these meetings will not happen until July.

	Voluntary Platform (or Working Solutions):  A meeting is scheduled for this Thursday with Pru and Jennifer Medcalf (Enron Global Strategic Sourcing), Sarah Davis 		and Cynthia Barrow (both with Enron HR).  Andy, if you feel it is appropriate, a call to Cynthia Barrow might be helpful.

	New Power Company:  Felicia is very excited about including a "portal" for NPW in their voluntary platform and would also like to possibly extend that to their 			corporate relocation platform.  Andy, let me know the best way to proceed after you call Gene Lockhart.

	Corporate Relocation:  We didn't talk much about this yesterday but Felicia is going to pursue Pru offering their services to Enron.  She will contact Jennifer Medcalf 		to get an introduction to the appropriate person.

Again, thank you for being available yesterday.

Shirley


2001-012bcrfm is the one month extension which has been revised to reflect
the reduced DCQ and the changed price for the first 8,000 MMBtu per day.

2001-012abrcrfm is the redline version of the proposed Transaction Agreement
which has been changed to provide that Westvaco is to only provide
alternative delivery point information to Company when Westvaco receives
volumes through such points which should have been received from Company.

2001-012abcrfm is the clean version of the above redlined Transaction
Agreement .


Gerald (with Eric Gillaspie's help) is handling this effort as to ENA
transportation arrangements on PG&E's Pacific Gas Transmission interstate
pipeline subsidiary.  Dan Hyvl is handling the physical gas trading aspects.

----- Forwarded by Steve Van Hooser/HOU/ECT on 01/11/01 06:38 AM -----

	Travis McCullough
	01/10/01 08:49 PM

		 To: Shari Stack/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT,
Steve Van Hooser/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT
		 Subject: Re: PGE due diligence effort

Thanks very much for the information on the PGE trading contracts.

Outside counsel is developing a form of "matrix" that they would like us to
complete on each of the contracts.  I expect that you will have already done
most of the work to complete that matrix with respect to your contracts, but
we will need your help in completing the matrix and possibly digging up some
additional information.  I will forward the matrix to you when I receive it.

I know how busy everyone is, and really appreciate your prompt response in
this matter.  As you know, the situation in California is critical, and
completion of this due diligence effort is key to our ability  to respond to
the situation.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Please look over the following and reply to Burtonif you need to add curves.
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/24/2001
04:42 PM ---------------------------
From: Burton McIntyre/ENRON@enronXgate on 04/24/2001 04:38 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Shona Wilson/NA/Enron@Enron, Chris Abel/HOU/ECT@ECT, Susan D
Trevino/HOU/ECT@ECT, Frank Hayden/ENRON@enronXgate, Christy
Lobusch/NA/Enron@Enron, Nancy Hernandez/NA/Enron@ENRON
Subject: Gas Curves

Jeff, attached is a file containing gas curves that have been identified as
being not in the RisktRAC system.  Curves were found to be missing from  the
Benchmark mapping table and/or the Primary/Secondary curve table.  Curves
missing from RisktRAC could have a significant impact on positions and V@R.
Please let us know by Thursday, April 26th, if these curves should be added
to the RisktRAC system.   For those curves that need to be added to RisktRAC,
a blank curve request form is also attached. Thank you.

SIncerely,

BM


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/05/2000
11:08 AM ---------------------------

Tanya Tamarchenko
05/05/2000 08:37 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Kevin G Moore/HOU/ECT@ECT,
Grant Masson/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin
Lu/HOU/ECT@ECT, Vincent Tang/HOU/ECT@ECT, Alexios Kollaros/HOU/EES@EES,
Rodney Keys/Corp/Enron@ENRON, Maureen Raymond/HOU/ECT@ECT, Martin
Lin/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Patricia
Tlapek/HOU/ECT@ECT, Farouk Lalji/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON,
Alex Huang/Corp/Enron@ENRON, Ronnie Chahal/HOU/EES@EES, Kevin
Kindall/Corp/Enron@ENRON, Clayton Vernon/Corp/Enron@ENRON, DeMonica
Lipscomb/Corp/Enron@ENRON, William Smith/Corp/Enron@ENRON, Leandro
Ibasco/Corp/Enron@Enron, Jose Marquez/Corp/Enron@ENRON, Samer
Takriti/Corp/Enron@Enron, Chonawee Supatgiat/Corp/Enron@Enron, Shalesh
Ganjoo/HOU/ECT@ECT, Guadalupe Margain/Corp/Enron@Enron, Tom
Halliburton/Corp/Enron@EnronShirley Crenshaw/HOU/ECT, Samantha T
Davidson/HOU/ECT@ECT, Li Xiao/Corp/Enron@Enron, Yvan Chaxel/Corp/Enron@ENRON,
Mike Fowler/Corp/Enron@ENRON, Rudi Zipter/HOU/ECT@ECT, Vladimir
Gorny/HOU/ECT@ECT, Naveen Andrews/Corp/Enron@ENRON, Matthew
Adams/Corp/Enron@ENRON
cc:
Subject: "Three Centuries of Great Vocal Music" - concert

Dear friends,
I am sending you the information about a program my friends Tatiana Kazhdan
and Michael Bukhman are going to present on Sunday, June 4
at Congregation Beth Yeshurun. I think you might be interested.

Tanya.
------------------------------------------------------------------------------
------------------------------------------------------------------------------
-------------
"Three Centuries of Great Vocal Music"

In the program:
Bach, Handel, Pergolesi, Gluck ;
Brahms, Liszt, Massenet, Martinie;
Borodin, Rubinstein, Rachmaninoff.

Performers:
 Tatiana Kazhdan, Moscow  (contralto)
 /participant of TV and Radio International, festivals in Russia, France and
Spain/

 Michael Bukhman, Israel (piano)
 /winner of Texas (Houston) Music Teachers Association competitions,
 international master classes and piano festivals/

Sunday, June 4, 2000 at 6 p.m.
Congregation Beth Yeshurun
4525 Beechnut St

Tickets: $10, senior citizens $5
Tickets are available at the door or in Russian General Store: (713) 664-3587


Can you give me any more information.  What type of deal is it.  Who did the
deal.  How was it documented.  Where is the paper work.  etc.

	Bridgette Anderson@ENRON
	11/15/2000 12:39 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Contract to extend

Hello Gentlemen,

This is another contract that I have been requested to extend past the
original term of  deal #222899 entered into Sitara.  Again this Counterparty
does not have an executed Master.

Thank you again,
Bridgette Anderson

---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
11/15/2000 12:31 PM ---------------------------

Jeanne Wukasch
11/15/2000 12:15 PM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Contract to extend

Plese extend global contract #96036535      Hays & Company   thru
12/31/2000    and make it month-to-month EVERGREEN.
We need this one ASAP -- call me with questions      281-286-7153


Can you help me with these?  I need to get them fixed up today.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 10:00
AM ---------------------------
From: Gregg Penman on 04/18/2001 01:10 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Confidentiaility Agreements regarding enovate

I am not sure if any additional items are necessary.  However, the following
jumped to mind, and I am guessing there may be others:
1-Required Disclosure - what if disclosure is required by a legal proceeding?
2-Remedies - what, if any, remedies do we have for disclosure

My other quick thoughts are:
1-I agree that solicitation does not belong
2-Enron should be changed to enovate and we also need to cover affiliates,
i.e. - the rest of Enron and Peoples.

That is all I can think of at the moment.  Let me know your thoughts.

Thanks - Gregg

	Kay Mann
	04/18/2001 06:47 AM

		 To: Gregg Penman/Corp/Enron@Enron
		 cc:
		 Subject: RE: Confidentiaility Agreements regarding enovate

Good timing.

You mentioned that there were a couple of things you thought should be added
to the "employee/consultant" form.  Could you email me the topics so that I
can take a look and make changes.  Once again I expect to be on an endless
conference call, but I can work while I talk.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 06:45
AM ---------------------------

j.nassos@pecorp.com on 04/17/2001 07:12:57 PM
To: Kay.Mann@enron.com
cc: Gregg.Penman@enron.com, j.pokorny@pecorp.com, b.kowalski@pecorp.com,
f.jacobsen@pecorp.com

Subject: RE: Confidentiaility Agreements regarding enovate

Hi Kay -

You may recall that back in February, we almost finalized two
confidentiality agreements related to enovate L.L.C. activities.  Our
auditors will be sending to enovate shortly a letter indicating they would
like to review various books and records of enovate and ENA as its
activities relate to enovate.  In connection with the review, we need to
finalize those confidentiality agreements.

I have made the change you requested in the attached e-mail to both of the
agreements (PEC and enovate) and have attached below an execution copy of
the agreements for ENA to date and send to PEC and enovate for siganture.
Assuming the attached copies are acceptable, please have ENA sign two
originals of each agreement and send them to me.  I'll arrange for Bill
Morrow to sign the PEC agreement and work with Greg Penmen to have enovate
sign the other agreement.

If you have any questions, please call.  Thanks for your assistance.

John G. Nassos
Asst. General Counsel
Peoples Energy Corporation
130 East Randolph Drive
Chicago, IL 60601
Tel (312) 240-4413
Fax (312) 240-4486
j.nassos@pecorp.com

 <<Conf Ag enovate - ENA (evaluation of enovate) exec.doc>>  <<Conf Ag
Peoples Energy Corp. - ENA (evaluation of enovate) exec.doc>>

> ----------
> From:  Kay.Mann@enron.com[SMTP:Kay.Mann@enron.com]
> Sent:  Thursday, February 08, 2001 3:42 PM
> To:  j.nassos@pecorp.com
> Cc:  Gregg.Penman@enron.com
> Subject:  Re: Confidentiaility Agreements regarding enovate
>
>
> Hi John,
>
> The enovate version looks fine.  I suggest this change to the Peoples
> version:
>
> iv)  is  required to be disclosed to comply with any applicable law,
> order,
>      regulation  or ruling or to enforce enovate's or PMW's rights in
> court
>      or  in  an  arbitration  proceeding  in  connection  with  the
> Limited
>      Liability  Company  Agreement  of  envoate  dated  April  26, 2000,
> as
>      amended,  modified,  and  supplemented  from  time  to  time (the
> "LLC
>      Agreement").  If  PEC  is  requested  or  required  (by oral
> question,
>      interrogatories,  requests  for  information  or  documents,
> subpoena,
>      civil  investigative  demand  or  similar  process)  to  disclose
> any
>      Confidential Information, PEC will promptly notify ENA of such
> request
>      or requirement so that ENA may seek an appropriate protective order
> or
>      waiver  in  compliance  with provisions of this Agreement.  If PEC
> and
>      ENA  are  both  parties  to  the  proceeding,  PEC  will  agree  to
> an
>      appropriate protective order.
>
>
>
> Thanks,
>
>
>
> Kay
>
>
>
>
>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in reliance
upon, this information by persons or entities other than the
intended recipient is prohibited. If you received this in error,
please contact the sender and delete the material from any computer.

 - Conf Ag enovate - ENA (evaluation of enovate) exec.doc
 - Conf Ag Peoples Energy Corp. - ENA (evaluation of enovate) exec.doc


I would like to thank everyone for participating in the first Wellesley Team
Meeting.  I regret the delay in processing the minutes.  The career placement
center has been really busy and I needed to contact them to get some of the
questions answered from the meeting.  For those of you who were unable to
attend, I have listed the topics of discussion:

Goals for Wellesley - Hiring goal of 4 (not limited to)
Analyst Program changes - Structure ( Team Leaders), Developmental Program, 2
day interview process
Interview Training Workshop - Everyone that will be interviewing is required
to attend a 2 hour session
Roles and Responsibilities - Role of team members, Participation is tracked
for PRC recognition.
Wellesley Campus Plan
 - We discussed the presentation time being pushed back.  I was able to get
it pushed back to 5:00  o'clock at the latest.  There are other companies
scheduled to present on that date and that was the  latest time we coud get.
There will be no class conflicts on that date (September 28, 2000).   We
discussed the attire for the presentation being casual (jeans).  That concept
was  proposed to the  career placement center Assistant (Bernice Tita) and
she said that casual attire will be well received.   We would need to just
indicate it when we publicize the event.
 - We discussed changing the interview dates due to scheduling conflicts.
The dates that we were  able to get were November 20th and 21st.
 - We discussed possible recruiting at neighboring schools(Smith & Mt. Holy
Oke)
 - We discussed taking the company jet to some or all the events, especially
when we will be   involving recruiting efforts at the neighboring schools.
Target Groups -  Economic Student Board Association, All majors

I have forwarded the Wellesley recruiting guide to those of you who were
unable to attend.  If you have not received it by now, please contact me and
I will get one to you a.s.a.p.

I have meetings scheduled with Jean Mrha and Cindy Olson to work on the
participants for the events and afterwards I will get the revised campus plan
to the team.  If you have any questions regarding the contents of this e-mail
or other Wellesley recruiting questions, feel free to contact me at any time.

Thanks, Geynille

Thanks a million,

Geynille


What we are looking at is cleaning up for December.  So the schedule strips have already been created.  For settlement purposes, we have to go in and clean house.  So it wouldn't help to change the deal in Deal Entry and  I'm not even sure that we can do it anyway because of deal preservation.  So we are looking at a time strip for example Dec 8-31 to zero out "Counter party".

I will be talking to John tomorrow morning to find out more about the West Bankruptcy book.  Don't know anything about it.

Thanks again,

Diana

 -----Original Message-----
From: 	Poston, David
Sent:	Wednesday, January 02, 2002 3:36 PM
To:	Scholtes, Diana
Subject:	Questions about changes for the Chapter11.exe

Good Afternoon Diana,

Did I capture your question correctly?

The users want to update the chapter11.exe program, that was developed to 'zero-out' schedule strip volumes for a given counterparty for a given day, to allow the users to zero-out the volume for a range of days?

IT Questions
1.  Schedule strips only get created for deals 2 days before day of flow.  So, based on the current design, the date range, at least looking forward, would only be a couple of days.
- Option 1:  Maybe, instead of zeroing out schedules, we should adjust the dates on the deal.  This would prevent schedule strips from even being created after a certain date?

2.  Working with John Postlethwaite & Stacey White, Will Smith has a program that converts deals from the real Enron books to a newly created West Bankruptcy book.  Will this work for you guys?

Anyway, just give me a call when you get a chance.

Thanks,  David Poston
713-345-7834


Bronco is on the sofa upstairs.

"Neil Mann" <nmann@erac.com> on 02/20/2001 11:40:26 AM
Please respond to <nmann@erac.com>
To: "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject: Stuff

Good morning!
Boy, it's been non stop since I walked in. Someone broke into Brett's and
Stephen's offices last night. They trashed a lot of offices and stole small
amounts of cash from some employees desks. Nothing really big taken. There
were several laptops out and they found the keys to several cars but left
all of it alone. One of the cars was Nancy Bs new suburban. Doesn't make
sense...

Michael is very concerned about Bronco and that Charlotte won't be able to
find him tonight when they get home.  He is really taken with Bronco...

Gota go.

NM


Okay gang,

I finally got home and hit the books.  I recorded the suggestions using
track changes in Word.

I made a couple of suggested changes to Kimberly's (just added a sentence
or two).

Jimmy, I changed some of your wording (cash sucking machine) and added a
few things that I saw in the financial reports.

Call me if there is a problem 925-362-0210.

Thanks,

Dylan

At 02:14 AM 9/24/00 -0400, JcjCal02@aol.com wrote:
>Dylan,
>I scribbled down my thoughts for question 2.  Didn't spend a lot of time
>making it pretty.  Give me your thoughts and we can take another pass at it.
>Jimmy

 - Kendall Q1 Changes.doc
 - KENDALL q2 changes.doc


Please find attached translation of the article "An interview with the
president of Enron Corp." from Nikkei Business dated May 7.

Best regards,
IRJ PR Services

 - Nikkei Business 10507.doc


Daren,
This relates to the discussion we had yesterday afternoon.  Have we made any
progress on these issues?
Thanks.
---------------------- Forwarded by Lisa Csikos/HOU/ECT on 05/31/2000 01:33
PM ---------------------------

Katherine Herrera@ENRON
05/31/2000 10:56 AM
To: Lisa Csikos/HOU/ECT@ECT
cc: Sherlyn Schumack/HOU/ECT@ECT
Subject: PanEnergy Marketing March 2000 Production

FYI-
The pricing items noted below are outstanding for March 2000 production.
Furthermore, I am awaiting resolutions from Sherlyn on the PG&E's allocations
for Feb. & Mar. 2000.

Thanks

---------------------- Forwarded by Katherine Herrera/Corp/Enron on
05/31/2000 10:46 AM ---------------------------

Katherine Herrera
04/20/2000 08:31 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:

Subject: PanEnergy Marketing March 2000 Production

Deal # 157288
Per our conversation yesterday afternoon, pls. separate the Centena term deal
from the spot deal in Sitara for March 2000 production.
Also, I need to have the price for the East Texas redelivery changed in
Sitara from HS Index $-.085 to HS Index $-.0825.  This is per the contract
the price for this redelivery point.

Thanks
Katherine
5-8643


As you are aware, Enron utilizes temporary staffing services to satisfy
staffing requirements throughout the company.  For the past several months, a
project team, representing Enron,s temporary staffing users, have researched
and evaluated alternative Managed Services programs to determine which source
would best meet our current and future needs in terms of quality, performance
and cost containment objectives.  The Business Unit Implementation Project
Team members are:

Laurie Koenig, Operations Management, EES
Carolyn Vigne, Administration, EE&CC
Linda Martin, Accounting & Accounts Payable, Corporate
Beverly Stephens, Administration, ENA
Norma Hasenjager, Human Resources, ET&S
Peggy McCurley, Administration, Networks
Jane Ellen Weaver, Enron Broadband Services
Paulette Obrecht, Legal, Corporate
George Weber, GSS

In addition, Eric Merten (EBS), Kathy Cook (EE&CC), Carolyn Gilley (ENA),
Larry Dallman (Corp/AP), and Diane Eckels (GSS) were active members of the
Selection Project Team.

As a result of the team,s efforts, we are pleased to announce the beginning
of a strategic alliance with CORESTAFF,s Managed Services Group.  This group
will function as a vendor-neutral management entity overseeing all staffing
vendors in the program scope. They will also provide a web based online
technology tool that will enhance the ordering and reporting capabilities.
The goal of our alliance with CORESTAFF is to make obtaining a temporary
worker with the right skills and experience easier while protecting the best
interests of the organization.

We plan to implement Phase I of this improvement effective January 2, 2001.
This Phase I of the implementation will encompass administrative/clerical
temporary workers at the Houston locations only. If you currently have
administrative/clerical temporary workers in your department, the enhancement
will not affect their position. In an effort to preserve relationships, all
current staffing vendors will be invited to participate in this enhanced
program.  CORESTAFF shares our commitment to minimize any disruptions in
service during this transition.

We expect to incorporate the administrative/clerical workers in Omaha,
Seattle and Portland in Phase II, which is scheduled for February, 2001.  The
scope and timing of any additional phases will be determined after these two
phases have been completed.

Realizing the impact that the temporary workforce has in business today, we
selected CORESTAFF,s Managed Services Group based on their exceptional
management team, commitment to quality service, and creative solutions to our
staffing needs.  The relationship promises to offer Enron a cost effective
and simple means for obtaining temporary employees.

In the coming weeks, Enron and CORESTAFF,s Managed Services Group will be
communicating to Enron,s administrative/clerical temporary staffing vendors
about the new process.

There are many benefits to this new Managed Services program, which are
outlined on the attached page.  More details on how to utilize CORESTAFF,s
Managed Services program will be announced soon and meetings will be
scheduled to demonstrate the reporting system and to meet the Managed
Services team.

What is Managed Services?

CORESTAFF,s Managed Services program includes:

? Vendor-neutral management model
? Equal distribution of staffing orders to all staffing partners
? Web-based application with online ordering, data capture and customized
reporting
? Benchmarking and performance measurement for continuous improvement
? Methodologies for accurate skill-matching and fulfillment efficiencies

Key Benefits

? More vendors working on each order from the outset ) faster access to
available talent pools
? Standardized mark-ups and fees to manage costs more effectively
? Online access to requisition status for users
? Robust databases offering managers enhanced tracking and reporting of
temporary usage and expenditures
? Standard and customized reporting capabilities -- online
? Tenured, experienced Managed Services team on-site to assist users in
accessing web site, identifying usage trends, preparing specialized reports,
etc.

Corestaff/Managed Services/Staffing

Joseph Marsh ) Lead / Operations (josephm@corestaff.com; 713-438-1400)
Amy Binney, Sharon B. Sellers ) Operations
Cherri Carbonara ) Marketing / Communications
Cynthia Duhon )Staffing Partner management