*************************************************************************************************************************************************

You are invited to attend the following presentation:

PSIM: A Power Simulation Tool

PSIM is a proprietary model developed by Enron Research Group.

?	It takes Power, Gas, Weather and demand information into consideration and
	uses Monte-Carlo simulation to assess the expected deal value and risk distribution.
?	It evaluates complex electricity related contracts such
as Full Requirement  and load following contract.
?	It also provides a valuation tool for power assets and asset management deals.
?	It works for both deal specific or portfolio issues.

In this presentation we will show how the model can be used to deal with various types
of contracts, explain the model structure and point out further applications.

Date:		October 30, 2001
Time: 	4:00 pm
Location: 	EB5C2
Presenter: 	Alex Huang

Registration is required for a head count.
Please call Shirley Crenshaw at 3-5290 to register.

Pizza and soft drinks will be served.


Robin,

Attached is the final version of the Master Agreement.  If in agreement, please have two originals signed and return same to my attention.  Upon final execution, I will forward an original for your records.  Do not hesitate to give me call should you have any additional questions or comments regarding the enclosed.

Best regards,
Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
Debra.Perlingiere@enron.com
713-853-7658
713-646-3490 Fax


Herewith a few ideas for the October meeting in London, some of them
after checking with Paul Portney and with Pankaj. I offer these very, very
preliminary thoughts just to start you thinking - do you want your UK
colleagues on the program; do we want some ancillary events? After getting
your views on questions such as these, I can make more definite suggestions.
I certainly think that we should convene a few hours before the opening
dinner so that the advisors can have a tour of the building and the
facilities. Also, I am hoping that Steve will leave some time on this trip
for a tour of the new BA headquarters - very innovative.
We should consider doing something on the global warming question from the
viewpoint of the Europeans. Start with three recommendations on the political
side that Paul received from David Victor of the Council on Foreign Relations
(characterized as "a VERY smart guy on climate"):
Tony Brenton (Deputy chief of mission, UK embassy in DC.  Has been on UK
climate delegations for a decade; smart and lively; pragmatic; insightful).
Bo Kjellen (Swedish head of delegation; knows European politics inside out;
big figure in Europe).
Tubiana, Laurence (Conseil d'Analyse Economique, France; knows the issue and
can speak to French position, but may not have the gravitas of Kjellen or
Brenton).
Among other ideas (I have winnowed out several) is a guy named Liam
Salter at Climate Network Europe. Brussels based, but relatively junior. Paul
also recommends a woman by the name of Laurence Tubiana, an economist in the
French government's equivalent of the CEA; she has a reputation as a good
presenter and a good economist.
WOULD YOU PLEASE CHECK THESE FOLKS OUT WITH YOUR LONDON PEOPLE, AND GET
ADDITIONAL NAMES FROM THEM. THE GOAL IS TO GIVE ALL OF US A PERSPECTIVE ON
THE EUROPEAN VIEW ON ENVIRONMENTAL ISSUES - UNLESS YOU THINK THAT NOT A
USEFUL TOPIC.
I turn now to Pankaj's suggestion, which I transmit verbatim: "I remember
promising to scout around and see if there were a European whom it would be
interesting to invite to talk to the Enron International Advisory Council
about the (non) convergence of governance structures in Europe, particularly
on the Continent, to the U.S. model.  I got the following names from Jay
Lorsch (apparently all members of the committee steering a multifaculty
Harvard business School project on governance in comparative perspective) as
possibilities.  Jay suggested that Sihler would be best (former CEO of
Henkel, very senior),  Peter's second best (apparently, chairman of Amsterdam
Stock Exchange now) and Smith - formerly Managing partner at Price Waterhouse
Coopers - would be the most junior of the three.  I don't personally know any
of the three."
Now some ideas of my own, again acting on the assumption that we want a
two-way educational dialogue - to give your folks in London and Europe a
run-down on the situation in the US, and the US contingent a better
understanding of how European policymakers view the issues we all face.
1.Bill Kristol on the US political scene, in which there is great
interest here, and great misunderstanding of the Bush administration. We
might also consider inviting Larry Lindsey or some other Bush person if
allowed to do so.
2. Someone on the European view on global warming (see suggestions above).
3. Energy regulation in the UK. Callum McCarthy.
4. Economic outlook. Gavyn Davies (usual talk).
5. What went wrong in California (great interest in that over here) and
how to fix it. Steve could do this, or you could invite Bill Hogan (just
joking) or the chairman of FERC if we are allowed to pay his way.
6. Motivating people in a multinational, multicultural organization. If
this is of interest, I can get recommendations for speakers.
7. I would be inclined to add a high-level speaker on the state of
US-UK-European relations, perhaps as a dinner speaker. Between Gavyn and me,
we might be able to get Chancellor Gordon Brown, a very interesting guy, and
the inventor of the "climate change levy" that is driving industry in this
country nuts.
Please look this over. Steve and I have to get together, preferably with
Ken, which leads me to suggest Aspen during the Institute's energy forum,
which I understand Ken will be attending. But if that is not feasible, Steve
and I can work out a date for a preliminary meeting, followed up by one with
Ken at his convenience.
END


Gentlemen:

Here are the revised documents in both clean and marked form.  The marked
form is now in black.  I made the requested change in the Term section.  That
section defines a Early Termination as any termination prior to the end of 3
contract years.  As such no change was needed to the Buyer's Contract
section.  Please call if you need anything further.

        Thanks, Dan


Did you see what happened today?  We dropped to $7 but rebounded on rumors of a merger to $9.

-----Original Message-----
From: Whitt, James [mailto:jwhitt@hksinc.com]
Sent: Wednesday, November 07, 2001 9:21 AM
To: Mark and Alicia Whitt (E-mail)
Subject: wow...

Have you started thinking about falling back on that pro wrestling career
yet?
Have you made Lauren and Brock get jobs to help out a little?
Lauren's probably big enough to push a lawnmower or farm-out to the textile
sweat-shops...

Also, before the Feds bust down your office door, I would try to delete as
much porn off your hard drive as possible - it just doesn't look right.

 <<z.bmp>>


Minor changes shown on the attached (gotta get the big guy's title right).

Lisa Connolly@EES
05/06/2001 08:17 AM
To: Steven J Kean/NA/Enron@Enron, Maureen McVicker/NA/Enron@Enron
cc:

Subject: Fwd: DRAFT RELEASE

Please see attached press release with Skilling quote in red and on top of
second page. The press conference is scheduled for 3:30pm on Monday, May 7.
The City will need our comment by 10am Monday morning.

Thanks,
Lisa
X54840, cell - 713-569-9563.

---------------------- Forwarded by Lisa Connolly/HOU/EES on 05/06/2001 08:11
AM ---------------------------

JYoung1530@aol.com on 05/05/2001 04:13:49 PM
To: <lisa.connolly@enron.com>
cc:
Subject: Fwd: DRAFT RELEASE

Lisa...

Here's the draft release.  ((INSERT SKILLING QUOTE)) appears at top of second
page.

Please insert quote...and return to me at BOTH email addresses
(jyoung1530@aol.com AND james.young@cityofhouston.net).

THANKS!!

I'll call your cell to be sure you received this.

Talk to ya soon.

Jim Young
Mayor's Office

Return-Path: <James.Young@cityofhouston.net>
Received: from  rly-xb05.mx.aol.com (rly-xb05.mail.aol.com [172.20.105.106])
by air-xb05.mail.aol.com (v77_r1.36) with ESMTP; Fri, 04 May 2001 17:42:14
-0400
Received: from  611wex04.cityofhouston.net ([204.235.224.240]) by
rly-xb05.mx.aol.com (v77_r1.36) with ESMTP; Fri, 04 May 2001 17:41:12 -0400
Received: by 611WEX04 with Internet Mail Service (5.5.2653.19) id <K1QLPJ4D>;
Fri, 4 May 2001 16:38:55 -0500
Message-ID: <A8737FCFE00FD511AE8200508BCFFE172490E3@611WEX04>
From: "Young, James - MYR" <James.Young@cityofhouston.net>
To: "'jyoung1530@aol.com'" <jyoung1530@aol.com>
Subject: DRAFT RELEASE
Date: Fri, 4 May 2001 16:38:50 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type:  multipart/mixed;
boundary="----_=_NextPart_000_01C0D4E2.9BDFD990"

Send to lisa.connolly@enron.com for insertion of Skilling quote.? Her cell
number is (713) 569-9563.

 <<05.07.01 Fire Chief named.doc>>

Jim Young, Sr.
Communications Division
Office of Mayor Lee P. Brown
City of Houston, Texas
phone (713) 247-2868? fax (713) 247-2039

Please update my contact info: james.young@cityofhouston.net

 - 05.07.01 Fire Chief named.doc


Start Date: 4/18/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041814.txt


We have this room reserved though facilities for the rest of the year.


Dear Wall Street City User,

I want to take this opportunity to share some exciting news about Wall
Street City.

Beginning today you'll see a new logo on the site: "Individual
Investor.com @ Wall Street City."  We are merging Individual
Investor.com into Wall Street City. As a current user, you will continue
to have full access to all of the features that you can't live without,
including Stock Search, powerful charting tools, advanced portfolio
analytics, and historical stock, option, and mutual fund quotes.

We're excited about the change and we think you will be too. Come visit
us on the web at http//www.wallstreetcity.com.

Sincerely,
Charles Rotblut, CFA
Director of Financial Content

REMOVE ME FROM THIS FREE EMAIL LIST
To be removed from the email distribution list for the FREE
WallStreetCity's Industry Group Analysis Commentary, Stock
Search of the Week Commentary, The Week Ahead Commentary
and Updates simply click the link below and hit "Send" on
the email that is launched. (Or copy and paste the email
address below to a new outgoing email message and hit "Send"
on the email that is launched).

mailto:U-A28.146.113719@newsletter.wallstreetcity.com

If you have tried unsubscribing in the past -- and believe
that you received this message in error -- please send an
email to

mailto:yourfeedback@wallstreetcity.com

to voice your concerns and be removed from the list.


Dear Ben:

I would be happy to talk with you.  You should also talk with Ehud Ronn who
directs the program.

If you haven't yet received our brochures please send me your address and I
will have them sent to you.

I look forward to meeting you.

regards,

Sheridan

At 10:32 AM 2/7/00 -0600, you wrote:
>  Mr. Titman:
>         Hope to hear from you soon. Ben Rogers
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu


-------------------------------------------------------------------
Our Newest Catalog in Home Soon!
-------------------------------------------------------------------
Save up to 25% on ALL Basic Bedding
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Exclusive New Items
-------------------------------------------------------------------

Whether 'tis nobler to face the sunshine and warmth of spring or take shovels to driveways of snow, and by opposing end them...

Dear Domestications Shopper,

"To be or not to be..." though not quite as philosophical a dilemma as Hamlet's, this is the question that will confront the world's greatest prognosticator, Punxsutawney Phil, a.k.a.-the groundhog-as he makes his annual prediction between winter and spring on February 2.

Regardless of Phil's forecast, spring is already in the air at Domestications. Our newest catalog will be arriving in your mailbox any day. It's filled with great new products like our Down-in-a-Bag set, a down-filled revision on the classic Bed-in-a-Bag(R); Concerto Comforter Set, a woven jacquard comforter set that beautifully combines textures; and our luxurious 100% cotton Sateen Bed-in-a-Bag(R) sets that capture the richness of sateen at an incredible price!

Plus it's also your chance to stock up on bedding basics like mattress pads, bed skirts, featherbeds, down comforters and pillows - ALL at savings of up to 25%!

But you don't have to wait to receive the catalog to take advantage of our Basic Bedding Sale or to take a peek at our new products, just visit Domestications.com and start saving today!

NEW!
Concerto Comforter Set and Bedspread
http://www.domestications.com/parent.asp?product=B10578x&dept%5Fid=9101&parentname=&featurename=code=DOM-EMAIL-013102-ATEXT12

Garden Patchwork Down-in-a-Bag Set http://www.domestications.com/parent2.asp?product=B10911x&dept%5Fid=9202&parentname=&featurename=&or%5Fsub%5Fparents=code=DOM-EMAIL-013102-ATEXT13

Gentility Sateen Bed-in-a-Bag(R) Set  http://www.domestications.com/parent2.asp?product=B10574x&dept%5Fid=9114&parentname=&featurename=&or%5Fsub%5Fparents=code=DOM-EMAIL-013102-ATEXT14

BASIC BEDDING SALE!
NEW! Wool/Cotton Mattress Pads, 10% Off - http://www.domestications.com/parent2.asp?product=B10880x&dept%5Fid=9304&parentname=&featurename=&or%5Fsub%5Fparents=code=DOM-EMAIL-013102-ATEXT15

Comfort by Design(R) Down Comforters, Up to 25% Off - http://www.domestications.com/parent2.asp?product=H371389Bx&dept%5Fid=9202&parentname=&featurename=code=DOM-EMAIL-013102-ATEXT16

NEW! Forever Loft(tm) Jumbo Pillows, 10% Off - http://www.domestications.com/parent2.asp?product=A10837x&dept%5Fid=8020&parentname=&featurename=&or%5Fsub%5Fparents=code=DOM-EMAIL-013102-ATEXT17

Ruffled Eyelet Bed Skirts, 15% Off - http://www.domestications.com/parent.asp?product=349077x&dept%5Fid=9302&parentname=&featurename=code=DOM-EMAIL-013102-ATEXT18

Egyptian Cotton Blankets, 10% Off - http://www.domestications.com/parent2.asp?product=F375748Bx&dept%5Fid=9201&parentname=&featurename=&or%5Fsub%5Fparents=code=DOM-EMAIL-013102-ATEXT19

NEW! Bafflebox Featherbeds, 10% Off - http://www.domestications.com/parent2.asp?product=B10879x&dept%5Fid=9304&parentname=&featurename=&or%5Fsub%5Fparents=code=DOM-EMAIL-013102-ATEXT20

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--Your Friends at Domestications.com
http://www.domestications.com/default.asp?code=DOM-EMAIL-013102-ATEXT21

PS
Don't worry if you haven't received our most recent catalog! Just visit:
http://www.domestications.com/default.asp?code=DOM-EMAIL-013102-ATEXT23

PPS
Here are a couple of fun links for groundhog fans:
http://www.groundhog.org
http://www.punxsutawneyphil.com

***************************************************************************
THANKS FOR REQUESTING THE DOMESTICATIONS NEWSLETTER
Tell us what you think... You can e-mail CustServ@Domestications.com to share your thoughts on this newsletter. To subscribe with a different e-mail address, visit our sign-up page: http://www.domestications.com/product.asp?product=Newsletterzz&dept%5Fid=19998&code=DOM-EMAIL-013102-ATEXT24.

To unsubscribe, send an email to Optout@Domestications.com with "UNSUBSCRIBE Domestications" in the subject field.
***************************************************************************


Start Date: 10/27/01; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102716.txt

Error retrieving HourAhead price data - process continuing...


Let's do it at 5pm tonight at Teala's.

Jim

-----Original Message-----
From: Leibman, Lara
Sent: Tuesday, November 20, 2001 12:04 PM
To: Steffes, James D.
Subject: drinks

Jim,

Please let me know what time works for you (if we're still on for this evening).  Although Janel is out today, she told me to let her know where and when and she'll meet us later.  Also, Rick might be able to join us.  Thanks.

Lara

Lara Leibman
Director, Government Affairs
Enron Corp
713.853.9193 (direct)
713.851.7770 (cellular)
Lara.Leibman@enron.com <mailto:Lara.Leibman@enron.com>


Hi Jeff,

I'm preparing the letter agreement regarding payment.  Can you help me with
the name and address to use?

Thanks,

Kay


Mark

Where are we with Colombia?

I notice that customers from Australia, Aruba, Bermuda, Colombia, Israel,
Japan, Mexico, Trinidad and Tobago, Venezuela and South Africa have also been
approached in the mail shot (!)

I've highlighted the countries that I would expect to be more appropriate to
UK (than US) legal opinion (ie it's pretty much an arbitrary split). Don't
suppose you've been asked to get docs together for the others have you?

M


Susan:

This e-mail will confirm the site visit by your company at Wheatland.  The
relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for Wheatland, handling
all questions and responses.  Should you have any due diligence questions or
require copies of any oversized documents, please contact me at 713.853-7998.


The following is our close schedule for this coming month.  Please keep in
the mind the following key times....

Unify to Sitara bridge back 1:45p.m. Friday, April 28th (all errors must be
clear by this time)
Mass draft at 6p.m. Friday evening.
Accrual process begins Monday, May 1st at 6a.m.

If you have any changes to this timeline, please ensure that I am contacted
as soon as possible.

Thank you,

Melissa x35615


Start Date: 1/3/02; HourAhead hour: 19;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010319.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 19 / Preferred:  18.53 / Final:  18.50)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 1/3/02
  SC_ID: ENRJ


Our new fax number is 713-646-5997, it is located at EB 2375a (by Renee).

Also, please don't forget to change your location at eHROnline.

Nicole Mendez


Talk to you then.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/03/2000
12:21 PM ---------------------------

"SOCORRO HERNANDEZ" <SUHERNAN@LLGM.COM> on 08/02/2000 03:55:09 PM
To: <ehernandez@ci.santa-ana.ca.us>, <Judy.Hernandez@enron.com>,
<silviamanzanales@hotmail.com>, "A. SUE GONZALES-GUEVARA"
<AGUEVARA@LLGM.COM>, "Barbara Monte" <BMONTE@LLGM.COM>, "CATHERINE BROWN"
<CLBROWN@LLGM.COM>, "ELIZABETH TRUJILLO" <ETRUJILL@LLGM.COM>, "HERBERT
NORMAN" <HNORMAN@LLGM.COM>, "JESSICA VEGA" <JVEGA@LLGM.COM>, "KATHY MARIE
MOORE" <KMOORE@LLGM.COM>, "MARIA THOMPSON" <MTHOMPSO@LLGM.COM>, "VIVIAN
FARRELL" <VFARRELL@LLGM.COM>, <JH306@nezero.net>, <Maria.Soliz@ppfa.org>,
<bandama@ssa.co.orange.ca.us>, <bburrell@tmh.tmc.edu>
cc:
Subject: Virus Alert

> > > > >> > >> Subject:      FW: HEALTH ALERT!!!!!
> > > > >> > >>
> > > > >> > >>
> > > > >> > >> > >Health Concern
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >CNN REPORTS A NEW VIRUS HAS BEEN RECENTLY DISCOVERED.  ONE
PERSON CAN PASS IT ON TO MILLIONS AS IT IS VERY CONTAGIOUS.  THE CENTER FOR
DISEASE CONTROL HAS REPORTED THIS WEEK THAT THE VIRUS SPREADS VERY RAPIDLY
FROM ONE PERSON TO THE NEXT.  THEY HAVE PUT A VERY INTERESTING NAME ON THIS
VIRUS.
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >IT IS CALLED.......
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >A SMILE
> > > > >> > >> > >
> > > > >> > >> > >        @@@@
> > > > >>   > >> > >     @ _   _ @@
> > > > >> > >> > >    @@ o   o  @@
> > > > >>  >> > >   @@@        @@?> > > > >> >> > >   @@@  \__/  @@@?> > > > > > >>>>>      )    (?> > > > >> > >> > >?> > > > >> > >> > >?> > > > >> > >> > >?> > > > >> > >> > >UH! OH! TOO LATE!!  I SEE IT ON YOUR FACE ALREADY! You've ?got the virus!!!!?> > > > >> > >> > >?ALERT! You have just been snuggled by a person that cares 4 ya!??Send this to all your buddies to show that ya care.??> > > > >> > >> > >?> > > > >> > >> > >"I wish for you..."?> > > > >> > >> > >?> > > > >> > >> > >Comfort on difficult days,?> > > > >> > >> > >Smiles when sadness intrudes,?> > > > >> > >> > >Rainbows to follow the clouds,?> > > > >> > >> > >Laughter to kiss your lips,?> > > > >> > >> > >Sunsets to warm your heart,?> > > > >> > >> > >Gentle hugs when spirits sag,?> > > > >> > >> > >Friendships to brighten your being,?> > > > >> > >> > >Beauty for your eyes to see,?> > > > >> > >> > >Confidence for when you doubt,?> > > > >> > >> > >Faith so that you can believe,?> > > > >> > >> > >Courage to know yourself,?> > > > >> > >> > >Patience to accept the truth,?> > > > >> > >>?> > > > >> > >> Have a blessed day.?> > > > >> >?> > > > >> >?> > > > >>?> > > > >>?> > > >?> > >?>????


---------------------- Forwarded by Mike Carson/Corp/Enron on 08/17/2000
12:37 PM ---------------------------

Terri Clynes@ECT
06/07/2000 04:50 PM
To: Matt Lorenz/HOU/ECT@ECT, Mike Carson/Corp/Enron@Enron
cc:

Subject: MidWest Picnic

Matt and Mike,

Here is the annual Comed picnic that you have heard so much about.  You both
should try to go.

Terri
---------------------- Forwarded by Terri Clynes/HOU/ECT on 06/07/2000 04:48
PM ---------------------------

SFletcher@edisonmission.com on 06/07/2000 03:31:30 PM
To: pabbadini@cilco.com, Tim.Alford@gen.pge.com, aliceaa@pjm.com,
jallen@sgi.net, samiot@utilicorp.com, MCABengals@aol.com,
John.A.Baldwin@ucm.com, Ann.W.Bartosz@ucm.com, bergaminic@merchantenergy.com,
Kevin.R.Berglund@ucm.com, terrie_tucker_besnier@vapower.com,
tom.bixby@nypa.gov, timb@acespower.com, Richard.Bordeleau@gen.pge.com,
Ben.Borgen@gen.pge.com, jboring@powersrc.com, ktbrady@aep.com,
Thomas.R.Brumm@nspco.com, rick.byrne@worldnet.com, ghc@maininc.org,
Tamara.Carter@gen.pge.com, stevecastleberg@alliant-energy.com,
Richard.Chausse@gen.pge.com, wchin@coral-energy.com, Terri
Clynes/HOU/ECT@ECT, K.Coghlan@Rainbowenergy.com, connj@epenergy.com,
jcox@powersrc.com, jldaniels@midamerican.com,
Richard_Davidson@FirstEnergyCorp.com, Larry_Dent@FirstEnergyCorp.com,
mderouch@pwrteam.com, EdwinD@CitizensPower.com, tdreher@coral-energy.com,
wc.dunn@lgeenergy.com, rcedwards@midamerican.com, mellis@sempratrading.com,
David.Ellsworth@gen.pge.com, rfahey@edisonmission.com, sfoote@iso-ne.com,
fortier.regent@hydro.qc.ca, cgholson@surfnetinc.com, goodmand@kochind.com,
hallmark_harvey@wes.twc.com, khelmic@gsbalum.uchicago.com,
skinutt@worldnet.att.net, JHopf@AmerenEnergy.com,
Yvette_M_Houlihan@reliantenergy.com, gary.huskey@cplc.com,
William.R.Imrie@ucm.com, rjabo@excite.com, pollack@nconnect.net,
tony.jankowski@wepco.com, RJenkins@AmerenEnergy.com, Kerry.W.Koch@ucm.com,
lkoester@midamerican.com, limonej@merchantenergy.com, rlindro@entergy.com,
William.Locasto@ucm.com, klogan@mge.com, casper@pwrteam.com,
mmmamula@nipsco.com, Matt.Manley@gen.pge.com, rmarko@cinergy.com,
smcminn@alleghenypower.com, Chris_M_Mcnally@reliantenergy.com,
dkmedsker@nipsco.com, George.E.Meyer@ucm.com, murray@ms.com,
robert_nelson@illinova.com, lnendza@pwrteam.com, newcomerd@detroitedison.com,
doakland@duke-energy.com, jorlando@coral-energy.com, Ellen.L.Oswald@ucm.com,
Julie.Palin@ucm.com, David.Pierce@gen.pge.com, keithp@acespower.com,
riggc@detroitedison.com, mritchey@coral-energy.com, Joel.Rubano@gen.pge.com,
MaryJane.Ryan@ucm.com, ksadler@statoilenergy.com, besamblanet@aep.com,
Jacqueline.I.Sarlo@ucm.com, Robert.Scorrano@gen.pge.com,
ASerri@AmerenEnergy.com, dshartze@cinergy.com, Mark.Sheppard@gen.pge.com,
wsimpson@tnsk.com, jmsmith@southernco.com, jsmith@TEAINC.org,
Peter.J.Snarskis@ucm.com, Frank.P.Squires@aep.com, Robert.A.Staton@nspco.com,
Mark.Sudbey@orionpower.com, adam.r.swanson@fpc.com, jthomas@powersrc.com,
jtignor@amp-ohio.org, skinutt@att.net, vtriska@cinergy.com,
Benoit.Vallieres@gen.pge.com, KWidas@Wisvest.com, Lisa.Wildes@gen.pge.com,
jwillman@amp-ohio.org
cc: "Scheduling" <Scheduling@edisonmission.com>, CTran@edisonmission.com
Subject: MidWest Picnic

(See attached file: Picnic1.ppt)   (See attached file: picnic opening.doc)
(See
attached file: picnic directions1.doc)

Edison Mission Marketing and Trading
Office Phone: (949) 798-7455
Cell Phone: (714) 337-9474

 - Picnic1.ppt
 - picnic opening.doc
 - picnic directions1.doc


----- Forwarded by James D Steffes/NA/Enron on 03/16/2001 07:28 AM -----

	Chip Schneider/ENRON@enronXgate
	03/16/2001 07:22 AM

		 To: Rick Buy/ENRON@enronXgate, David Gorte/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Christopher F Calger/PDX/ECT@ECT, W David
Duran/HOU/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, George
Schaefer/HPL/Enron@Enron, Greg Blair/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: FW: EIX. PCG: QFs Prepare to File SCE Involuntary Bankruptcy Next
Week

 -----Original Message-----
From:  Paul Patterson <Paul_Patterson@xmr3.com>@ENRON
[mailto:IMCEANOTES-Paul+20Patterson+20+3CPaul+5FPatterson+40xmr3+2Ecom+3E+40EN
RON@ENRON.com]
Sent: Friday, March 16, 2001 7:11 AM
To: Schneider, Chip
Subject: EIX. PCG: QFs Prepare to File SCE Involuntary Bankruptcy Next Week

Credit Suisse First Boston
Paul Patterson
Good morning,
? Yesterday, Coram, a QF, said that it signed a petition to file involuntary
bankruptcy against Southern California Edison. Reportedly, the petition is
under review by five other renewable QFs.  Apparently, certain gas-fired QFs
are now forming a second petitioner group.
? We believe that it should be fairly easy for Coram to collect the two other
signatures needed to make a petition valid. Whether the petition will
actually be filed is unclear since the QFs may only be attempting to expedite
a resolution for the utilities and themselves.
? On Wednesday, a federal court allowed Caithness, another QF, to place a
lien on an Edison asset, thus giving it a secured claim effective in 90 days.
Edison is filing an appeal and an automatic stay of decision.
? The Caithness decision may prompt Edison's other unsecured creditors to
seek similar motions. As we previously indicated, we believe that QFs pose
the greatest risk of filing involuntary bankruptcy against the utilities
because of their dire financial situation.
? Although Governor Davis and the utilities purportedly continue to negotiate
a recovery plan, there is no assurance of legislative cooperation. In
addition, we expect news of the petition to cause near-term weakness in the
utilities' stocks. Therefore, we recommend that investors avoid EIX ($13.59,
Hold) and PCG ($12.92, Hold), unless they have a high tolerance for risk and
volatility.

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

If you would prefer not to receive further messages from this sender, please
click on the following link and confirm your request:
Mailto:K-8-62573-654519-2-151-US2-09FC2F8C@xmr3.com
You will receive one additional e-mail message confirming your removal.

 - ppp031601.pdf


Audrey, here they are.  Thanks, Kim.


On second thought, it might be easier to allow the two books to have deals on
any Central pipe.  We will make sure that the deals are on the correct
counterparty (North or South)

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/13/2000
02:05 PM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           06/13/2000 01:45 PM

To: Imelda Frayre/HOU/ECT@ECT
cc:
Subject: Re: New ENA - IM Mid Business Units

ENA-IM Mid Central South
ANR SW
PEPL
OGT (ONG)
Reliant
Williams
MRT
Transok
Enogex

ENA-IM Mid Central North
NNG
Northern Border
NGPL

DG    3-9573

Imelda Frayre

06/13/2000 01:37 PM
To: Darron C Giron/HOU/ECT@ECT
cc: George Smith/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
Subject: New ENA - IM Mid Business Units

Darron, do you know which pipes these two new business units will be
trading?  I need to make sure that all necessary pipes are mapped to these
business units in order for traders to be able to book deals on them.  Let me
know if there are specific ones they will be using or if they just need all
pipes that are currently mapped to the ENA - IM Central business unit also
mapped to these two new business units.

Imelda Frayre
x35423


Hey guys:

I haven't had a chance to work on this yet.  I am out of town and was
traveling all day yesterday.  I will try and work on it sometime this
afternoon and send you my things.

Thanks for getting a great start,

Dylan

At 11:22 PM 4/13/01 -0400, JcjCal02@aol.com wrote:
>Ok guys I've taken a stab at #5.  I valued the company by taken the NPV of
>future after tax net earnings (see attached speadsheet-right side of exhibit
>1).  To get a value of $28/share I calculate Netscape would have to grow at
>17.75%/year from 1995 to 2005.  Please scrutinize my strategy and give me
>feedback.
>Jimmy


My accomplishments are attached.


The report named:
<http://trv.dev.corp.enron.com/linkFromExcel.asp?report_cd=8&report_name
=FT+-+Texas+P/L&category_cd=4&category_name=TEXAS&toc_hide=1&sTV1=4&TV1E
xp=Y&current_efct_date=05/30/2001> FT - Texas P/L, published as of
05/30/2001 is now available for viewing on the website.


I think we decided to take the turbine purchase approval route, and describe
the several projects (Midway et al) that we can match the turbines with. Are
you still OK with that?

 -----Original Message-----
From:  Schneider, Chip
Sent: Friday, June 01, 2001 9:05 AM
To: Mann, Kay; Jacoby, Ben
Cc: Deffner, Joseph; Duran, W. David; Manis, Herman; Engeldorf, Roseann;
Bills, Lisa
Subject: RE: GE Turbines

Depending upon the route we take for approval (turbine purchase vs. project
approval), the DASH process should take no more than 5 to 10 days.  How firm
are we on the Midway project?

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 01, 2001 8:47 AM
To: Jacoby, Ben
Cc: Deffner, Joseph; Duran, W. David; Manis, Herman; Engeldorf, Roseann;
Schneider, Chip; Bills, Lisa
Subject: RE: GE Turbines

I think Ben's time frame is realistic. I assume we will enter into an
assignment and assumption agreement with Sithe, to which GE will consent. In
addition, we may need an override letter to the turbine contract to address
the E-Next/accounting issues. GE is familiar with what we need in for E-Next,
which should help expedite matters.

Kay

From: Ben Jacoby/ENRON@enronXgate on 05/31/2001 07:55 PM
To: Joseph Deffner/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron, W David
Duran/ENRON@enronXgate, Herman Manis/ENRON@enronXgate, Roseann
Engeldorf/ENRON@enronXgate, Chip Schneider/ENRON@enronXgate, Lisa
Bills/ENRON@enronXgate
cc:

Subject: RE: GE Turbines

I've been told that we need to resubmit a non-binding expression of interest
by Tuesday. Previously, we submitted a one page non-binding letter indicating
that the FMV of the units is $44 MM each. You raise a good point in that we
should be prepared to say (again, on a non-binding basis) how long we will
need to close (in addition to increasing the bid on the units). I think if
our number is good, 30 - 45 days for documentation and close would work, but
I think we should also be willing to post some non-refundable $s within say,
2 weeks on the basis of an exclusivity agreement with Sithe.

The group's thoughts on this would be appreciated.

Thanks.

 -----Original Message-----
From:  Deffner, Joseph
Sent: Thursday, May 31, 2001 6:56 PM
To: Jacoby, Ben; Mann, Kay; Duran, W. David; Manis, Herman; Engeldorf,
Roseann; Schneider, Chip; Bills, Lisa
Subject: RE: GE Turbines

What is expected for the Tuesday bid? I would guess the most critical from a
timing perspective will be a response centered on price and
commercial/technical issues. Michael indicates below he would like a
timetable for internal approvals to a closing. Do we have any indication how
pressed he is to close and fund versus agreeing on economic terms quickly and
allowing us to review the form of contract to ensure compliance with
accounting and finance guidlelines along the lines of our discussion earlier
this week? Thanks.

 -----Original Message-----
From:  Jacoby, Ben
Sent: Thursday, May 31, 2001 5:59 PM
To: Mann, Kay; Schneider, Chip; Bills, Lisa; Manis, Herman; Engeldorf, Roseann
Cc: Booth, Chris; Rose, Steven; Virgo, Robert; Duran, W. David
Subject: FW: GE Turbines

All:

FYI, tomorrow I should receive turbine contracts for the 3 GE 7FAs being sold
by Site. Please see the e-mail below from Sithe's advisor regarding the
transaction schedule. Kay and I plan to initially review the contract, and I
have a technical team (Booth / Rose) ready to review the contracts as well.

From an accounting / finance perspective, I am interested in how we should
proceed given the circumstances. Kay and my initial plan is to review the
contracts from a technical / legal / commercial perspective and submit a
revised indicative number by Tuesday in consultation with Duran. Between now
and then, it would be helpful to know from accounting / finance how we should
proceed given that we are in a bidding situation (with I'm told three other
bidders). Herman / Rose / Lisa - please let me know your thoughts on this.

Chip - I would like Chris Booth to work with you on putting a draft DASH
together.

In the meantime, I will forward turbine contracts to everyone as soon as I
receive them.

Regards,

Ben

 -----Original Message-----
From:  MKolman@rcgroup.com@ENRON
[mailto:IMCEANOTES-MKolman+40rcgroup+2Ecom+40ENRON@ENRON.com]
Sent: Thursday, May 31, 2001 2:40 PM
To: Ben.F.Jacoby@enron.com
Subject: Re: GE Turbines

Ben:

Per our conversation today, the turbine contract and LTSA are being sent
via Fed Ex to your office in Houston.

Final bids are due next Tuesday, June 5th via fax to 781-270-0055.  Bids
should include best price and a closing schedule (date by which bidder will
have all internal approvals necessary to enter into a binding agreement
with Seller subject only to consent from GE).

Thanks again for you patience and please call me if you have any questions,

Michael

================
Michael A. Kolman
Principal
Navigant Capital
(781) 564-9774 (direct)


---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/01/2000
09:37 AM ---------------------------

Mark.Ebert@broadwing.com on 12/01/2000 09:29:24 AM
To: zambrano@austintexas.org, bphipps@carltonstaffing.com,
bonnie.ebert@tasb.org, BryLad5@aol.com, dgiron@ect.enron.com,
keykeith@mindspring.com, george.ewton@unisys.com,
heather.hodnett@tdhca.state.tx.us, jw@cleartrading.com, kelang@mmm.com,
keith.doran@tdhca.state.tx.us, psalas@flash.net, SPSMITHCPA@aol.com,
swash@tdhca.state.tx.us
cc: Stephanie.Brieger@broadwing.com, Kelly.Allen@Broadwing.com,
Juli.Word@broadwing.com
Subject: FW: DRINK POLLS

Message-ID: <379755163.975379391824.JavaMail.root@web694-wra.mail.com>
From: positive_energy@prodigy.net
To: jojo@pulse.net, taznewman@aol.com, KDAultman@aol.com,
martine.armstrong@dfait-maeci.gc.ca, napali@centex.net,
Jean_Perkins@tiginsurance.com, MHender515@home.com, SpookeyLS@hotmail.com,
cheryl.anderson@email.swmed.edu, WBRAKE@SWSPORTSGROUP.COM,
seasherrillhawks@mail.utexas.edu, annabaron@home.com,
BlaineCowling@yahoo.com, shawna.sullivan@ursa.dhs.state.tx.us,
twicker@nch.com, susana.madden@juno.com, ombrageux@worldnet.att.net,
cassandra.lovelady@senate.state.tx.us, piper.oneal@frontpagepr.com,
SMAJORBABE@hotmail.com
Subject: FWD: DRINK POLLS
Date: Mon, 27 Nov 2000 20:43:08 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain

------Original Message------
From: Frances Guerrero <frances_guerrero@pagenet.com>
To: Michelle Peters <Michelle_Peters@pagenet.com>, Zenia Gonzalez
<Zenia_Gonzalez@pagenet.com>, 'andy' <andy.c.renwick@bnfl.com>, 'angie'
<ajens1@jcpenney.com>, 'Brigitte' <Positive_Energy@prodigy.net>, 'Brooke'
<brooke@southwest.net>, 'Carrie' <cmg129_2000@yahoo.com>, 'Gloria'
<GBaures@aol.com>, 'Lena' <MSmith0959@aol.com>, Anna Alva
<Anna_Alva@pagenet.com>, Dawn Roberts <Dawn_Roberts@pagenet.com>, Alison
Weber <Alison_Weber@pagenet.com>, Catina Thomas <Catina_Thomas@pagenet.com>,
Valerie Parks <Valerie_Parks@pagenet.com>
Sent: November 27, 2000 4:53:54 PM GMT
Subject: DRINK POLLS

> >
> > > > >>Seven New York City bartenders were asked if they could nail a
> > > > >>woman's personality based on what she drinks. Though interviewed
> > > > >>separately, they concurred on almost all counts.
> > > > >>
> > > > >>The results:
> > > > >>
> > > > >>Drink: Beer
> > > > >>Personality: Casual, low-maintenance; down to earth.
> > > > >>Your Approach: Challenge her to a game of pool.
> > > > >>
> > > > >>Drink: Blender Drinks
> > > > >>Personality: Flaky, whiny, annoying; a pain in the buttocks.
> > > > >>Your Approach: Avoid her, unless you want to be her cabin boy.
> > > > >>
> > > > >>Drink: Mixed Drinks
> > > > >>Personality: Older, more refined, high maintenance, has
> > > > >>very picky tastes; knows exactly what she wants.
> > > > >>Your Approach: You won't have to approach her, if she is
> > > > >>interested, she'll send YOU a drink.
> > > > >>
> > > > >>Drink: Wine - (does not include White Zinfandel, see below)
> > > > >>Personality: Conservative and classy; sophisticated yet giggles.
> > > > >>Your Approach: Tell her you love to travel and spend quiet
> > > > >>evenings with friends.
> > > > >>
> > > > >>Drink: White Zinfandel
> > > > >>Personality: Easy; thinks she is classy and sophisticated,
> > > > >>actually has no clue.
> > > > >>Your approach: Make her feel smarter than she is...
> > > > >>this should be an easy target.
> > > > >>
> > > > >>Drink: Shots
> > > > >>Personality: Likes to hang with frat-boy pals and looking to
> > > > >>get totally drunk... and naked.
> > > > >>Your Approach: Easiest hit in the joint. You have been blessed
> > > > >>this evening. Nothing to do but wait. However, be careful not
> > > > >>to make her mad!
> > > > >>
> > > > >>Then there is the MALE addendum. The deal with guys is, as
> > > > >>always, very simple and clear cut:
> > > > >>
> > > > >>Domestic Beer: He's poor and wants to get laid.
> > > > >>
> > > > >>Imported Beer: He likes good beer and wants to get laid.
> > > > >>
> > > > >>Wine: He's hoping that the wine thing will give him a
> > > > >>sophisticated image to help him get laid.
> > > > >>
> > > > >>Whiskey: He doesn't give a hoot about anything but getting laid.
> > > > >>
> > > > >>Tequila: He is thinking he has a chance with the toothless
> waitress.
> > > > >>
> > > > >>White Zinfandel: He's gay.
> > >
> > >
> >


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/29/00 08:10 AM -----

	"CHRIS KRECEK" <KRECC@andrews-kurth.com>
	08/28/00 12:53 PM

		 To: <alan.quaintance@enron.com>, <brenda.l.funk@enron.com>,
<Carol.St.Clair@enron.com>, <charles.delacey@enron.com>,
<Clement.abrams@enron.com>, <David.roland@enron.com>,
<Gina.Karathanos@enron.com>, <Joel.ephross@enron.com>,
<tina.livingston@enron.com>, <Trevor.Randolph@enron.com>,
<trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>,
<tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>,
<kenton@rlf.com>, <mark.wolf@us.cibc.com>, <mercedes.arango@us.cibc.com>,
<schottla@us.cibc.com>, <aroberts@wilmingtontrust.com>
		 cc: "David Barbour" <BARBD@andrews-kurth.com>, "MURIEL McFARLING"
<MCFAM@andrews-kurth.com>, "Michael Thimmig" <THIMM@andrews-kurth.com>
		 Subject: Enron/McGarret C Transaction

Attached in WordPerfect format are each of the following documents marked
against the version previously circulated:

Drawdown Request (254322);
Put Option Agreement (254334);
Warrant Assignment (254351);
Amended and Restated LLC Agreement for McGarret III (254352);
Receipt of Asset LLC (254362);
Independent Auctioneer Letter Agreement (254369);
Direction Letter (254376);
Sale and Auction Agreement (254372); and
General Opinion of A&K (254385).

If you have any questions or comments, please call Muriel McFarling at (214)
659-4461.  Thank you.

Chris Krecek, Secretary/Legal Assistant
Andrews & Kurth L.L.P.
1717 Main Street, Suite 3700
Dallas, Texas 75201
Phone: (214) 659-4481
Fax: (214) 659-4401
Email: ckrecek@andrews-kurth.com

CONFIDENTIALITY NOTICE:  The information in this e-mail (including any
attachments) is confidential, legally privileged and intended only for the
use of each recipient named above.  If you are not an intended recipient, you
must not read, use or disseminate this information.  If you have received
this e-mail in error, please notify the sender immediately by reply e-mail
and delete this e-mail from your computer.
VIRUS WARNING:  Although this e-mail (including any attachments) is not
intended to contain any virus or defect that may affect your computer, you
are responsible for ensuring that no virus or defect exists.  The sender
disclaims any responsibility for any loss or damages arising from any virus
or defect associated with this e-mail.

 - 254385.wpd
 - 254334.wpd
 - 254351.wpd
 - 254352.wpd
 - 254362.wpd
 - 254369.wpd
 - 254372.wpd
 - 254376.wpd
 - 254322.wpd


I am going away to the beach today so I am going to leave a little early today, at 2:00 pm.


i am here dog


CALENDAR ENTRY:	REMINDER

Description:
	Russell on call

Date:		5/7/2001
Time:		8:00 AM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


OK

 -----Original Message-----
From: 	Daily, Pamela
Sent:	Tuesday, November 27, 2001 10:53 AM
To:	Bubenko, Deborah
Cc:	Hayslett, Rod; Frausto, Ruthann
Subject:	RE: Floor space billing corrections 0366/111692

I think for December we should leave it as is while we see what the fallout is going to be. But, if we do not have plans to build by year-end, it probably should go to Corp vacant.  ROD, do you agree?

 -----Original Message-----
From: 	Bubenko, Deborah
Sent:	Tuesday, November 27, 2001 9:29 AM
To:	Frausto, Ruthann; Holloway, JoAnn
Cc:	Mann, Ruth; Daily, Pamela
Subject:	RE: Floor space billing corrections 0366/111692

And by the way...do we want to keep it that way for EB 41 or do we want to switch to another category (Corp vacant) since you guys are not using that floor?  What do you think, Pam?
Deborah

 -----Original Message-----
From: 	Frausto, Ruthann
Sent:	Tuesday, November 27, 2001 8:28 AM
To:	Holloway, JoAnn
Cc:	Mann, Ruth; Daily, Pamela; Bubenko, Deborah
Subject:	RE: Floor space billing corrections 0366/111692

You're right. Thanks.

Ruthann
x66538

 -----Original Message-----
From: 	Holloway, JoAnn
Sent:	Tuesday, November 27, 2001 7:20 AM
To:	Frausto, Ruthann
Cc:	Mann, Ruth; Daily, Pamela; Bubenko, Deborah
Subject:	RE: Floor space billing corrections 0366/111692

Ruthann,

In October and November,  the billing for the entire 41st floor was taken to 0366/111718 per management's direction while under reconstruction.

To my knowledge, that is still the case.

Please contact, Deborah Bubenko regarding construction completion.

Thank you.

Jo Ann

 -----Original Message-----
From: 	Frausto, Ruthann
Sent:	Tuesday, November 20, 2001 2:12 PM
To:	Holloway, JoAnn
Cc:	Mann, Ruth; Daily, Pamela
Subject:	Floor space billing corrections 0366/111692

The October EPSC invoice showed the following floor space being billed incorrectly to 0366/111692:

Room #		Should be billed to		Sq. ft
ECN 4106		0366/112476		547

ECN 4751		0366/112476		314

Also on their October invoice, there is an entry for rent correction for 1154 sq.ft. The ticket number is EBR10019310085, dated 10/17/01. I looked at all my rent corrections submitted, and it isn't one of mine. Could you please advise what rooms this correction covers?

Thanks for your help.

Ruthann
x66538


We sold the 1533 / day to Allegheny - deal 459226.  This is back on a month
to month basis.  We don't know if we are selling them gas for Dec yet.


We are the leading manufacturer of full range of  solar energy products,such as: solar lanterns, solar gardenlights, solar radios,  solar torch, solar home lighting kits, solar & dynamo torch with radio,  solar home power system, solar panels, dynamo torch, AC&12V DC energy saving  lights, solar streetlights etc in P.R.China.

Products' details can  be viewed at: www.solar3000.com   If  you have interest,please let me know by return.

Thank  you!

Miss.Lisa Yang/Sales Dept.
Suntopway Electronics (Shenzhen)  Co.,Ltd
Shenzhen Topway Solar Co.,Ltd
10L,Western Coast Mansion,Nanyou  Dadao,Shenzhen,China
Tel:+86-755-6490200;6490201;6070440
Fax:+86-755-6070222;6070402
Email:  suntopway01@sina.com
Website: www.solar3000.com


yeah i mentioned that you are looking to rotate.  i would give him a call

Bryan Hull
04/03/2001 09:59 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

Did you ever ask Tom if was looking for an analyst?


We have received the executed EEI Master Power Purchase and Sale Agreement dated 8/13/01 from the referenced CP.  A copy will be scanned into Livelink.


Shirley,

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
09:41 AM ---------------------------

David Ikenberry <daveike@rice.edu> on 03/30/2001 06:57:57 PM
To: "vkamins@ennron.com" <vkamins@enron.com>
cc:
Subject:

Vince,
It was good seeing you again today.  I want to make sure the NFCF is on
your calendar for May 4-5.   You should be receiving some registration
materials shortly.

Please plan on coming if you can.
Also, please attend the dinner on Friday evening along with your wife if
possible.

Regards,
Dave

***********************************
Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385


My public policy consultant here in London, Charles Miller, called me today
to say the piece in the FT on Jeff's new role, written by Hillary Durgin, was
the best, succinct description of what Enron does he had ever seen, and by an
independent third party.  Just thought I wuould pass along the compliment,
which you two no doubt had a hand in.   mcs


i am going to denver.  i will be ready for it next week.


Gas daily plus $.15-make sure legal approves


Greg,

Here is the story with Bobinchuck's bonds.  They are being placed privately with a fund of investors.  The interest is 7.7% with no credit enhancement.  I guess Agape is the 501-c-3 nonprofit.  That's why he has flexibility with the timing.

Philip


Restructuring Today readers got this story today...

Retail market
can be opened
nationally?
---
Joe Barton thinks
it can and is
about to try
---
Once in 20 years
opportunity seen

How can the retail power market be opened in today's atmosphere?
     Joe Barton has a way and it sounds like it just might work.
     He briefed APPA members winding up the last day of the annual
meeting in Washington.   Barton implored the membership that if they
have any ideas on how to improve energy policy, this is the time to tell
policy makers or him.
     Barton sees a narrow, six-week opportunity as America is about to
revise its energy policy.
     We walked with him to his car after the speech and asked what he
means by a major energy restructuring bill.
     He referred vaguely to legislation that would improve the grid and
foster the functioning of a robust market providing for movement of
power from one place to another.
     He wants a national market with a grid that can handle it "in an
open access way -- creating all these trading markets where you have
long-term and short-term markets where you balance supply and demand
around the country.
     "States that have surplus power, through the RTO system can wheel
that power to states that need it."
     That's the wholesale market, we asked.
     Yes.
     But what about retail?
     He hopes to get into the law a provision to foster aggregation of
buyers.
     How would that work?
     "AARP," Barton said noticing our age, "could sell you power or Wal-
Mart or McDonalds or the co-ops.  You could buy your power through
them."
     How would a law provide for aggregation?
     "It would be in the federal legislation that it would be
permitted," he replied.
     But what about Nebraska where there are only munis?
     "You've got to work through that and see if you get some kind of
grandfather or state opt-out provision.  It's possible that you give
states the right to opt out.  But over time those states will want to
opt in," he added.
     "That'll be a debate we'll have when we get into the bill.  You're
not supposed to ask that tough a question this early in the process," he
reminded with a smile.
     Barton is really impressed with the magnitude of the legislation
gestating in the nation's capital.
     "Everything" is up for discussion, he said, "everything.
     "There is nothing -- nothing -- that's been debated or talked about
in terms of electricity that is not on the table," Barton assured.
     "I'm not saying we're going to do it all but you have a window like
this once every 20 to 30 years.  I'm going to be damned if I'm going to
stand around and on my on volition take things off the table.
     "Now the process will automatically take a lot more controversial
items out of play.  There'll be a region or a political block -- who
knows the president might not like something.  John Dingell might not
like something.  Who knows?  But I'm not -- even before we put pen to
paper to start drafting the bill -- say `we're not going to consider
this'," Barton added.
     Is he getting signals from Dingell that he might be cooperative?
     "Yeah.  Very cooperative.  Of course, again, the proof is in the
pudding and in the details."
     Barton's in the leadership role in fostering a national energy
policy, taking the package from the vice president and guiding it
through the House.
     He's the president's energy guy from an energy state and Bush has
shown -- with the tax bill -- that he can get a program enacted.
     Barton wants something he can look back at in five, 10 and 20 years
and say "that's a good bill.  It works."
     Barton wants to make history with the Energy Policy Act of 2001.
     Barton told APPA he wants this big bill to be "national, long-term
in its impact and balanced."
     Balanced means looking at the generation component, transmission
and distribution "and in each of those areas -- this is just me.  I'm
not speaking for anyone but myself" -- he wants "to create an
environment so we have a maximum, competitive situation that's open and
fair to everybody.
     "And we're going to do that and you're going to have a lot of
competition, a lot of flexibility with a lot of choice for consumers and
a lot of choice for yourself," Barton added.
     Wait a minute.
     He's saying competition in transmission and distribution.
     We really do need to ask him what he has in mind there when the
time is right.
     We can't help but think of competition in selling pipeline capacity
in a secondary market.
     You can do that with electricity capacity to or on a local
distribution system in gas.  We're thinking aloud here.  That's not what
Barton said.
     He wants to minimize the federal role except where you actually
have to.
     That puts Barton "a little at variance with some in the Bush
Administration and some in the Congress because in the modern age
there's a natural proclivity to centralize and consolidate which in the
political arena means let Washington do it."
     Barton wants to maximize the technology component and will put into
the bill a distributed generation component.
     He's interested in negawatts, fostering cut backs in demand on a
national scale.
     "Looking out for your own interest," Barton considers to be
"democracy."
     But from time to time you have to step back and look at the
national interest, he advocated.
     "That's my job."
     Today's crisis mentality helps Congress act boldly.
     The friendliness to competitive markets in the White House
encouraged by the president's pride about the retail bill he got through
the Texas Legislature plus today's environment may be ideal for market-
minded leaders.

You can benefit from Restructuring Today's special, unique focus on the
converging energy and communications industries, especially the opening
of competitive markets, too.
     To subscribe simply fax the attached order form to 202-298-8210.
     Don't miss another vital issue.  Subscribe today!

Thank you,

Season Hawksley
US Publishing
800-486-8201
202-298-8201

PS -- Please do not hit 'reply'.  To subscribe, cancel, change your email
address or ask questions please contact customercare@restructuringtoday.com.

 - orderform.pdf


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:09 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/26/2001 06:50 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry Kingerski/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Leslie
Lawner/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: Solve IOU Undercollection with a Mere 10% Average Rate Increase?

Greetings:

Please review the attached.  It's a summary I've put together of a very
lengthy analysis MRW did for us over the weekend.  I've also attached the
considerably lengthier MRW memo for those who'd like to see it.  The tables
included in the summary are pulled directly from the MRW memo.  The analysis
only addresses the utilities undercollection (i.e., solvency) and doesn't
address any additional increases that might result from DWR's buying
activities.

The Bottom Line
 By raising average rates 10% over a 10-year period, California could 1)
return the utilities to solvency, and 2) help close the  supply-demand gap by
providing customers with better price signals.
 California could achieve these goals under this new rate structure and at
the same time exclude one-third of residential  customers from any increases.
If California chose not to exclude any customers from the new rate structure,
California  would only need to raise average rates by about 8.8%.
 This level of increase is in line with increases enacted in other states
(e.g., Washington: 28-34%; Montana: 4.5-32%; Idaho:  6.0-24%; Nevada:
7-12.5%; New Mexico 12%).

We'll need to look at it critically and try to shoot holes in it before going
public with the numbers as part of our broader effort, but it offers a
reasonable benchmark against which to judge alternatives (like spending the
kids lunch money on crumbling, broken down transmission systems).

Please provide feedback as soon as possible, and perhaps, Paul we conclude
the MRW work on the agenda for discussion on tomorrow's daily conference call.

Best,
Jeff

 - Undercollection assessment final.doc


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

February 2, 2001 5:00pm through February 5, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:     ENA

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:     ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 2/2/2001 at  11:00:00 PM CT thru Sat 2/3/2001 at  12:00:00 AM CT
 Fri 2/2/2001 at    9:00:00 PM PT thru Fri 2/2/2001 at   10:00:00 PM PT
 Sat 2/3/2001 at  5:00:00 AM London thru Sat 2/3/2001 at  6:00:00 AM London
Outage:  Fiber Card Replacement in ENA-CX11
Environments Impacted:  All
Purpose: Card Failed recently and caused multiple network outages -
Rescheduled for Friday night, due to late notice of Thursday change
Backout:
Contact(s):  Steve Hardy  713-853-9294  713-415-0672

FIELD SERVICES:  No Scheduled Outages.

INTERNET:       EOL                 ALSO SEE ORIGINAL REPORT
Impact:  EOL
Time:  Fri 2/2/2001 at  5:15:00 PM CT thru Fri 2/2/2001 at  8:00:00 PM CT
 Fri 2/2/2001 at  3:15:00 PM PT thru Fri 2/2/2001 at  6:00:00 PM PT
 Fri 2/2/2001 at  11:15:00 PM London thru Sat 2/3/2001 at  2:00:00 AM London
Outage:  EOL Power issue
Environments Impacted:  EOL
Purpose: Power Redundancy for EOL
Backout:
Contact(s):  Mai Nguyen    713-345-4022

MESSAGING: No Scheduled Outages.

MARKET DATA:                 SEE ORIGINAL REPORT

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:         SEE ORIGINAL REPORT

SITARA:
Impact:  Sitara
Time:  Sat 2/3/2001 at  5:00:00 PM CT thru Sun 2/4/2001 at  5:00:00 PM CT
 Sat 2/3/2001 at  3:00:00 PM PT thru Sun 2/4/2001 at  3:00:00 PM PT
 Sat 2/3/2001 at  11:00:00 PM London thru Sun 2/4/2001 at  11:00:00 PM London
Outage:  Sitara
Environments Impacted:  Sitara Users
Purpose: Change East Desk to Multiple Subdesks
Backout: Restore from database
Contact(s):  sitaraoncall    713-288-0101

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

SCHEDULED SYSTEM OUTAGES:  ESA
                                  SEE ORIGINAL REPORT

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-1741 OR (888)853-9797


Mark, Sara and Mary:
Jim would like to talk to someone about problems he is having with his
customers concerning the ISDA and CSA forms.  Apparently, most of his
customers feel that it is too complicated and Jim would like to see if any
alternatives exist.  Could someone please contact him?  Thanks.

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


They all made me laugh out loud.  I am glad that they all were able to get
up!  Thanks.

"White, Cara" <CWhite@texas.usta.com> on 06/09/2000 10:22:40 AM
To: "'cwhite@viviance.com'" <cwhite@viviance.com>, "'sally.beck@enron.com'"
<sally.beck@enron.com>
cc:
Subject: FW: Olympic Highlights

I thought my sisters might appreciate these.  My favorite is the Bronze;
what's yours?   -the youngest

> -----Original Message-----
> From: Sale, Kathryn
> Sent: Thursday, June 08, 2000 10:01 AM
> To: Carter, Mike; Phillips, Jan; White, Cara
> Subject: Olympic Highlights
>
>
>
>  Pretty funny...
>
>
>
>  <<Gold.mpg>>  <<Silver.mpg>>  <<Bronze.mpg>>

 - Gold.mpg
 - Silver.mpg
 - Bronze.mpg


Daren,

The above deal number expired at the end of November 2000 and needs to either
be extended through December, or a new deal inputted.  Can you assist me in
this?

Thanks.

Mike


---------------------- Forwarded by Kevin Ruscitti/HOU/ECT on 03/16/2001
01:30 PM ---------------------------

	From:  Martin Cuilla                           03/15/2001 07:53 AM

To: Kevin Ruscitti/HOU/ECT@ECT
cc:
Subject:

http://www.tlksolutions.com/family/multimedia.asp


Kay, see clarifications below.  Thanks for your help.

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 11:52 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather; May, Tom; Coulter,
Kayne
Subject: comparison of definitions - 1st in each pair is from letter
agreeement

1. &Ancillary Services8 or &AS8 means those services required by Entergy,s
interconnection agreement with MDEA or Entergy,s tariff.
OR
[Rorschach, Reagan]  Use this one below with noted change.
&Ancillary Services8 or &AS8 means those services  [Rorschach, Reagan]
defined in Entergy,s interconnect agreement with MDEA or Entergy,s tariff.
2.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
[Rorschach, Reagan]  Use this one below.
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
3.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
4.&Confirmation8 means a confirmation of a transaction or transactions.
OR
[Rorschach, Reagan]  Use this one below.
&Confirmation8 means the document provided for under the MPPSA or the MGPSA
and with the corresponding third party under a Back-to-Back Transaction or
with EPMI which specifies the Product being bought or sold, the duration of
the Transaction and the other terms, including price. A daily report of all
hourly (or similarly short term) purchases and sales will be provided to the
Customer and shall serve as a Confirmation for those transactions under the
MPPSA or MGPSA.
5.&Delivery Point8 means the busbar of the respective Facilities located at
the interconnection between CPUC,s and YCPSC,s respective transmission
systems at the 115 kV switching station at the respective interconnections
with the Entergy transmission system.
Or
[Rorschach, Reagan]  Use this one below.
&Delivery Point8 &Point of Delivery8 or &POD8 means (a) for power (i) the
interfaces  located at the interconnection between Clarksdale and Yazoo City
transmission systems at the  Entergy system, or (ii) the point specified in
any Back-to-Back Transaction, EPMI Transaction or Structured Transaction at
which Products are to be tendered under a Confirmation; (b) for natural gas,
(i) for Clarksdale, the point of interconnection between Texas Gas and
Clarksdale (ii) for Yazoo City, the interconnection between Southern Natural
Gas (Sonat) and Mississippi Valley Gas for the Yazoo City Power Plant (the
Sonat Delivery Point) (iii) the interconnection between Mississippi Valley
Gas (MVG) and the Yazoo City Power Plant (MVG Delivery Point), (iv) any point
where fuel is delivered as specified in a Fuel Transaction.
6.&Incentive Fee8 means forty percent (40%) of the Savings and of the net
profit from external sales of the Cities, natural gas resources and the
purchase of on-peak Energy, as calculated in accordance with Article III of
this ILA.
Or
&Incentive Fee8 means the fee described in [Section].
7.&Market Price8 is the price agreed by the parties to be paid by EPMI in any
EPMI Transaction for the sale of Energy to third parties, or the amount to be
paid to EPMI for the sale of Energy to the Cities and/or MDEA.
or
[Rorschach, Reagan]  Use this one below.
&Market Price8 is the price agreed to (i) by any third party for the sale or
purchase to or from EPMI or MDEA in a Back-to-Back Transaction, (ii) the
price paid by EPMI in any EPMI Transaction or (iii) by any third party
pursuant to any Structured Transaction.
8. &Protocols8 shall mean the SPP Protocols duly adopted by SPP, including
any attachments or exhibits referenced thereby, as amended from time to time,
containing the scheduling, operating, planning, reliability, and settlement
(including customer registration) policies, rules, guidelines, procedures,
standards, and criteria of SPP.  For the purposes of determining
responsibilities and rights at a given time, the Protocols, as amended in
accordance with the change procedure(s) described in the Protocols, in effect
at the time of the performance or non-performance of an action, shall govern
with respect to that action.
or
[Rorschach, Reagan]  Use this one below.
&Protocols8 shall mean the Protocols duly adopted by SPP, SERC, NERC, and/or
Entergy, including any attachments or exhibits referenced thereby, as amended
from time to time, containing the scheduling, operating, planning,
reliability, and settlement (including customer registration) policies,
rules, guidelines, procedures, standards, and operations criteria.  For the
purposes of determining responsibilities and rights at a given time, the
Protocols, as amended in accordance with the change procedure(s) described in
the Protocols, in effect at the time of the performance or non-performance of
an action, shall govern with respect to that action.
9.&Savings8 shall mean the difference between 1) the total costs to MDEA
and/or the Cities of a Transaction, and 2) the total costs of MDEA and/or the
Cities avoided or displaced by the Transaction, which difference shall be
calculated as described in Article III of this ILA.
not defined in rev 23 definitions
[Rorschach, Reagan]  Reference that Savings is defined in the Exhibit (see
attached file "Incentive Fee Calc")


Please review these deal numbers with LADWP to determine if we should be delivering.  Houston lists us as having a $279k MTM position on an index deal (that seems counter intuitive unless we paid up front for some sort of basis swap, or they are gas-indexed). They apparently deliver at Mead 230 and Palo Verde.  Any light that can be shed on these would be helpful.

Steve

 -----Original Message-----
From: 	Hiemstra, Nick
Sent:	Monday, January 14, 2002 2:06 PM
To:	Thome, Stephen
Cc:	Baughman, Edward
Subject:	West contracts

Steve,

Ed asked me to send you the deal numbers for LA Water & Power.  They are index-forward deals that settle against different indices.  Please check into the deals and let us know if we need to be scheduling these.

867350.01
867350.02
408250.01
408250.02
408250.03

Thanks.

- Nick


I couldn't open link.  I s this something new for me to sign or have I already complied?
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/11/2001 01:19 PM ---------------------------

Office of the Chairman - Enron Wholesale Services <legalonline-compliance@enron.com> on 07/11/2001 10:15:47 AM
Please respond to legalonline-compliance@enron.com

To:	KEAN@mailman.enron.com, STEVEN <skean@enron.com>

cc:

Subject:	Confidential Information and Securities Trading

To:KEAN, STEVEN
Email:skean@enron.com - 7138531586

Enron Wholesale Services - Office of the Chairman

From:  Mark Frevert, Chairman & CEO
      Mark Haedicke, Managing Director & General Counsel

Subject:  Confidential Information and Securities Trading

To keep pace with the fluid and fast-changing demands of our equity trading activities, Enron Wholesale Services ("EWS") has recently revised its official Policies and Procedures Regarding Confidential Information and Securities Trading ("Policies and Procedures"). These revisions reflect two major developments: (1) our equity trading activities have been extended into the United Kingdom, and (2) in an effort to streamline the information flow process, the "Review Team" will play a more centralized role, so that the role of the "Resource Group" is no longer necessary.You are required to become familiar with, and to comply with, the Policies and Procedures. The newly revised Policies and Procedures are available for your review on LegalOnline, the new intranet website maintained by the Enron Wholesale Services Legal Department. Please click on the attached link to access LegalOnline:

http://legalonline.corp.enron.com/chinesewall.asp

If you have already certified compliance with the Policies and Procedures during the 2001 calendar year, you need not re-certify at this time, although you are still required to to review and become familiar with the revised Policies and Procedures. If you have not certified compliance with the Policies and Procedures during the 2001 calendar year, then you must do so within two weeks of your receipt of this message. The LegalOnline site will allow you to quickly and conveniently certify your compliance on-line with your SAP Personal ID number. If you have any questions concerning the Policies or Procedures, please call Bob Bruce at extension 5-7780 or Donna Lowry at extension 3-1939.


Having fun yet?
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 04:45
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/10/2001 05:10:41 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "'ben.f.jacoby@enron.com'" <ben.f.jacoby@enron.com>,
"'f_mitro@hotmail.com'" <f_mitro@hotmail.com>, "'fred.mitro@enron.com'"
<fred.mitro@enron.com>, "'kathleen.carnahan@enron.com'"
<kathleen.carnahan@enron.com>, "Keffer, John" <JKeffer@KSLAW.com>

Subject: Closing Checklist

 <<2RR404!.DOC>>

Kay:

An updated closing checklist for the ENA / SEL transaction is attached.

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

Enclosure: 129280v4

                    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
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2RR404!.DOC


Jay,

Are you looking for an UNSECURED Credit Card?

Answer 4 simple questions and you can Pre-Qualify Instantly Online for an
Unsecured VISA from First Premier Bank! You can get a Credit Limit up to
$1000 plus Cash Advances at ATMs and future Credit Line increases!

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Your New Offers Staff

This email was sent to you by JDR Media, a marketing partner of First PREMIER Bank and PREMIER Bankcard, not from the Bank itself. Please direct all concerns about this email or your inclusion on this list to our email address listed above.

-----------------------------------------

--

To unsubscribe go to
http://www.em5000.com/unsub.php?client=jdrmedia1&email=jreitme@enron.com
or to
http://www.em5000.com/unsub.php?client=jdrmedia1
and enter your email address (jreitme@enron.com)


Dick has this in at a $6.89, I assume you are ok with saving $2,250 on the
$.005.

12/04/2000 09:09 AM
Jeffrey Porter@EES
Jeffrey Porter@EES
Jeffrey Porter@EES
12/04/2000 09:09 AM
12/04/2000 09:09 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Purchase from ENA

didn't think there was a problem. Were not my numbers OK?

Chris Germany@ECT
12/04/2000 08:21 AM
To: Jeffrey Porter/HOU/EES@EES
cc:
Subject: Re: Purchase from ENA

Did Tim and Dick ever chat about the FOM stuff??

What numbers should I be using now, FOM number, Volume sold back at Index
Flat?

12/01/2000 10:51 AM
Jeffrey Porter@EES
Jeffrey Porter@EES
Jeffrey Porter@EES
12/01/2000 10:51 AM
12/01/2000 10:51 AM
To: joann.collins@enron.com, Chris Germany/HOU/ECT@ECT
cc:
Subject: Purchase from ENA

I bought 15,000/d at the TCO Pool from Dick J at $6.895 for 12/2 through
12/31. At first he was concerned we were swinging on ENA and not storage and
I assured him you folks knew what volume we buy/sell @ GD as soon as you get
my nom. I have even included my estimate on the bottom of my daily nom sheet.


On behalf of Enron Host Jeff Dasovich, please be advised that a conference
call
has been arranged, on the above-referenced topic, as noted below:

 Date:   Thursday, November 30
 Time:   3:00 PM PST
 Call-in number: 1-331-6867
 Participants' Code: 765174
 Host Code (Jeff) 692061

Thanks in advance for your participation.

Joseph

---------------------- Forwarded by Joseph Alamo/NA/Enron on 11/30/2000 09:58
AM ---------------------------

Joseph Alamo
11/29/2000 05:13 PM
To: burkee@cts.com, alexanms@sce.com, counihan@greenmountain.com,
craigc@calpine.com, cushnice@sce.com, mday@gmssr.com, PaulAmirault@aec.ca,
porterdk@sce.com, tomb@crossborderenergy.com, alexanms@sce.com
cc: Jeff Dasovich/NA/Enron

Subject: AVAILABILITY for CONFERENCE CALL re: DISCUSSON OF GAS
DECISION/LETTER PROPOSAL

Gentlemen:

Please advise me soonest your availability for a conference call re: the
above-referenced topic
on Thursday, November 30th at 3:00 PM PST.

[Note:  it was previously suggested for 2:00 PM PST but conflicts preclude
scheduling the call
for that timeframe.]

Thanks in advance for your cooperation.

Joseph Alamo
Sr. Admin. Assistant
Government Affairs - The Americas
San Francisco CA

----- Forwarded by Jeff Dasovich/NA/Enron on 11/29/2000 04:38 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	11/29/2000 03:42 PM

		 To: "John Burkholder" <burkee@cts.com>
		 cc: "Mike Alexander" <alexanms@sce.com>, "Rick Counihan"
<counihan@greenmountain.com>, "Craig Chancellor" <craigc@calpine.com>, "Colin
Cushnie" <cushnice@sce.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Mike Day"
<mday@gmssr.com>, "Paul Amirault" <PaulAmirault@aec.ca>, "Doug Porter"
<porterdk@sce.com>, "Tom Beach" <tomb@crossborderenergy.com>
		 Subject: Re: Letter Proposal and more

I suggest a quick conference call to discuss.  How's tomorrow (Thursday) at 2
pm work for folks?  Let me know and I'll set up a call-in number.


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

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

Please click on the link below.

Name:             LINDY DONOHO
Personnel number: P00505520
Phone:            7138536007

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

Stay tuned for more details in the coming weeks.

http://etcsurvey.corp.enron.com/wi/p0810709/i.asp?r=17225&s=RXGBVDWX&l=9


Start Date: 1/10/02; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011004.txt


Received written response from CP claiming the it has no payment obligations under the ISDA because of our Bankruptcy.

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


http://www.saintarnold.com/tour.htm

I thought you ane Eric might like this.


Sorry for the delay.  Attached is the worksheet.

 -----Original Message-----
From:  Shackleton, Sara
Sent: Thursday, May 24, 2001 4:03 PM
To: Curry, Mike
Cc: Radous, Paul
Subject: RE: Frontera - ISDA Agreement

Mike:  I sent a request for a credit worksheet to Paul Radous on May 16.

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

	Mike Curry/ENRON@enronXgate 05/24/2001 12:49 PM 	   To: David
Portz/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT  cc:   Subject: RE: Frontera -
ISDA Agreement

David, Have not heard anything on the ISDA Agreement lately....do you know
who I can call to see what the status is?

Thanks, - Mike

 -----Original Message-----
From:  Portz, David
Sent: Tuesday, May 15, 2001 5:19 PM
To: Shackleton, Sara
Cc: Curry, Mike
Subject: Frontera - ISDA Agreement

Sara-- Are you still the swaps lawyer to assist with this?  If not, would you
pass it to the person who can help Mike Curry with this?  Thanks.

----- Forwarded by David Portz/HOU/ECT on 05/15/2001 05:11 PM -----

	Mike Curry/ENRON@enronXgate 05/15/2001 04:47 PM 	   To: David
Portz/HOU/ECT@ECT  cc:   Subject: Frontera - ISDA Agreement

David, We want to be able to start performing financial trades with Frontera
so could you please prepare an ISDA Agreement for their review.  Thanks, -
Mike


Outside the U.S.,  please call one of the Tech Support Phone numbers listed on the Worldwide Customer Support Information card.

For other technical support information, please visit the web site www.palm.com.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
05:38 PM ---------------------------

"Btu" <subs@Btu.net> on 02/02/2001 05:04:07 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp020501.pdf


Please move my group from Risk to Logisitcs.

D

	Enron North America Corp.

	From:  Irena D Hogan                           11/02/2000 03:21 PM

To: Dutch Quigley/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT,
Daren J Farmer/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Revised Allocation %'s - October

Please read below and comply as directed below.

Thank you,

Irena
---------------------- Forwarded by Irena D Hogan/HOU/ECT on 11/02/2000 03:16
PM ---------------------------

Holly Heath@ENRON
11/02/2000 02:17 PM
To: Robert Superty/HOU/ECT@ECT,  Brenda F Herod/HOU/ECT@ECT, Leslie
Reeves/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Sheila Glover/HOU/ECT@ECT,
Maria Sandoval/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, D Todd
Hall/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Lisa B Cousino/HOU/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Diane H Cook/HOU/ECT@ECT,
Michael E Moscoso/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Jefferson D
Sorenson/HOU/ECT@ECT
cc: Heather Choate/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON, Mary
Comello/Corp/Enron@Enron, Lisa Shoemake/HOU/ECT@ECT, Maria
Sandoval/HOU/ECT@ECT, Kelly Templeton/Corp/Enron@ENRON, Lynn
Tippery/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Julissa Marron/Corp/Enron@ENRON, Yolanda
Ford/HOU/ECT@ECT, Adrial Boals/Corp/Enron@Enron
Subject: Revised Allocation %'s - October

Attached is a revised allocation file for October.  Please note that the
format of this file has been changed to reflect the new team reporting list.
Also, "Global Markets" and "Industrial Markets" have been broken out for
billing purposes.  If you have cost centers that are allocating to either of
these teams, please provide a breakdown of those percentages by Monday,
November 6th.

All other allocations are due by end of day today.

I have also included the team reporting list that is currently in use until
the end of 2001.

Thank you for your help.  Please call if you have any additional questions.

Holly
3-5843


On 6/2/00, Enron participated in EPSA's comments on FERC's Notice of Interim
Procedures to Support Industry Reliability Efforts for the summer
(attached).  On 5/17/00, FERC issued streamlined market based rates filings
for industrials with on-site generation to sell into the grid, decreased
approval requirements for utility deals with customers to interrupt load,
more FERC hotline staff, and better updates of ATC.  In addition to FERC's
proposals and requests for additional ideas, EPSA commented:
Need robust competitive market to incentivize new generation
Overall big requests--eliminate CBM, require independent ATC calculations,
require independent Security Coordinators, and native load under same tariff
Specific suggested fixes for this summer:
 (1) Require transmission providers to give written notice to FERC and post
within 24 hours of using CBM the specific details of the "emergency"
 (2) Require random FERC OASIS audits of TLRs and ATC
 (3) Require retention of data confirming system conditions existing at the
time of a TLR

FERC has not acted on these comments yet.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 06/05/2000
04:49 PM ---------------------------

"Julie Simon" <JSIMON@epsa.org> on 06/05/2000 01:36:56 PM
To: <Christi.L.Nicolay@enron.com>
cc:
Subject: Re:

sure.  They're attached.

Julie Simon
Director of Policy
Electric Power Supply Association
202-789-7200
jsimon@epsa.org

 - short-term reliabilty comments.doc


----- Forwarded by Richard B Sanders/HOU/ECT on 10/15/2000 11:14 AM -----

	Sheila Tweed
	10/09/2000 09:31 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Fwd: FRIDAY'S VISIT (9/29/00)  FYI

----- Forwarded by Sheila Tweed/HOU/ECT on 10/09/2000 09:31 AM -----

	EdParks3@aol.com
	10/09/2000 09:04 AM

		 To: sheila.tweed@enron.com
		 cc:
		 Subject: Fwd: FRIDAY'S VISIT (9/29/00)

Hi Sheila. I just wanted to drop you a quick note inquiring on the status of
my application. I'd appreciate your advice and hopefully we can move things
along quickly for everyone's advantage.

Thanks very kindly, Ed Parks.

Content-Transfer-Encoding: 7bit
Return-path: <EdParks3@aol.com>
From: EdParks3@aol.com
Full-name: EdParks3
Message-ID: <b4.b79aa47.2709f486@aol.com>
Date: Mon, 2 Oct 2000 10:24:06 EDT
Subject: FRIDAY'S VISIT (9/29/00)
To: sheila.tweed@enron.com
MIME-Version: 1.0
Content-Type: text/plain; charset="US-ASCII"
X-Mailer: AOL 5.0 for Windows sub 119

Thank you Sheila for taking a very generous slice of your Friday morning to
talk with me about joining Enron. I would like nothing better than to come on
board and would appreciate your guidance and assistance.

I'd be happy to meet with whomever you suggest at their earliest convenience.

Thanks again for your time and consideration.

Best regards, Ed Parks. (504) 861-3972.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/30/2001
11:39 AM ---------------------------

"Scarbeko" <scarbeko@entropia.com.pl> on 01/30/2001 02:47:57 AM
To: <vkamins@enron.com>
cc:
Subject: praca dyplomowa Waldemar Mr?z V Edycja MBA

?
 - Kontroling.doc


EFF_DT PORTFOLIO_ID DOWN95
11/15/00 MANAGEMENT-CRD 0
11/15/00 MANAGEMENT-GAS 3,570,479
11/15/00 MANAGEMENT-PWR 200,087
11/15/00 AGG-MANAGEMENT 3,667,563


Start Date: 2/4/02; HourAhead hour: 22;  HourAhead schedule download failed. Manual intervention required.


Start Date: 4/8/01; HourAhead hour: 6;  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\2001040806.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 6 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SKEETER
  ENGY_TYPE: WHEEL


Northeast States - Interstate NOx/ERC Trading Rules

Mary Schoen
Environmental Strategies
Enron Corp
415.782.7803 (phone)
415.782.7854 (fax)


The last two paycheck I've received have been wrong.  They do not include the deferral portion of my contract-- it's $1,606 per pay period.  It should show up under earnings.   Could you please help me get this straightened out?  I can easily show us the error.  Thanks, Mike.


Again , I should have also sent the following mail yesterday.
...I guess now I should also apologise for filling up your mail box!
Have a good weekend,
Kirstee
---------------------- Forwarded by Kirstee Hewitt/LON/ECT on 28/07/2000
20:22 ---------------------------

	Enron Europe

	From:  Kirstee Hewitt                           27/07/2000 18:10

To: Cantekin Dincerler/HOU/ECT@ECT
cc: Grant Masson/HOU/ECT@ECT

Subject:

Hi - I have run the model for the 26th and have the following results :

I have also updated the correlations to include silver and the gold.
The TC delta (treatment charges) are positions only for copper conentrate and
do not
contain any positions due to zinc or lead.
Could you take a look at the figues as this is the first time I have done a
full run and
would like to make sure that I have done things correctly.
I will definitely call to discuss the prices for gold and cocoa beans - the
TC price curve is
another issue however, at the moment we do not have anything other than a
spot price and
a 1 year price so I think we will probably have to set it as a constant.
I have to talk to Andreas soon as he is awaiting my comments on point (2) of
his email that
I forwarded in my last mail.
Also, you will can see that I have subtracted any positions that are from R
Wolf in the Mercur download -
this was point (1) of his note.
As a quick question?
Do you think it is worth including Zinc concentrate (18400 dmt) and lead
concentrate (920 dmt) ?
I think we may need to check the TC price for these and the conversion for
the one given in the model for copper as
I think that the original historical price file (TChistory) is quoted in c/lb
- I guess this is cents/pound? rather
than $/dmt which is the units that position is quoted in .

Speak to you soon
Kirstee


could you pick my ticket up for me?
----- Forwarded by Jeff Dasovich/NA/Enron on 11/29/2000 06:49 PM -----

	"Dean's Office" <researchdialogue@Haas.Berkeley.EDU>
	Sent by: owner-eveningmba@Haas.Berkeley.EDU
	11/29/2000 06:22 PM
	Please respond to "Dean's Office"

		 To: fx00@haas.berkeley.edu, mba02@haas.berkeley.edu,
mba01@haas.berkeley.edu, allphds@haas.berkeley.edu,
eveningmba@haas.berkeley.edu
		 cc:
		 Subject: Tickets for the Secretary Summers Address on 12/6

Dear Haas Students,

We still have many unclaimed tickets left for the Secretary Summers
Research Dialogue Program "Keeping the Economy Growing" at 1:45 on Tuesday,
December 6 in the Andersen Auditorium.

The deadline for Haas students to pick up tickets for this event is this
Friday, December 1 at 2pm.

After the Friday deadline, we will offer all of the unclaimed tickets to
other Cal students who have been clamoring for these tickets.

The Dean's Office is open from 9am to 5pm daily and Evening MBA students
can pick up their tickets at the EMBA Office after 5pm.

Thanks for your cooperation!

The Dean's Staff


Thanks for finding this!  I have printed it on a color copier, so I will have it with me as an example - am actually pretty close to being finished.

Had a fun visit with Cara and Anna.  What a cutie Anna is!  And what a good baby - still haven't heard a cry, or at least not one like my kids could produce!  They left after breakfast this morning, while most of us were at church.  Meagan stayed home to work on essays for college applications.

So sorry to hear about the car wreck.  Glad that you two are okay, but what an inconvenience.  Hope that the other guys insurance covers everything.  --Sally

 -----Original Message-----
From: 	"Cindy White" <piropos@austin.rr.com>@ENRON
Sent:	Saturday, October  27, 2001 4:39 PM
To:	Beck, Sally
Subject:	ME pillow

Sally, found this over the weekend...for ideas and inspiration....

 http://www.needlenookoflajolla.com/stitchers_corner/images/Imga0127.jpg


-----Original Message-----
From: *SSSB Utilities Team [mailto:sssbutilteam@imceu.sbi.com]
Sent: Tuesday, January 15, 2002 9:16 AM
Subject: US Utility Market - Weekly Update

SCHRODER SALOMON SMITH BARNEY

Our weekly US e-mail product is designed to provide clients with a useful
overview of news, valuations, and key energy price data from the US market.
This week:

*	Initiation of coverage on Reliant Resources.
*	Chart in Section 2. shows US forward spark spreads remain weak.

1. Valuation Multiples
Open this pdf to see a comprehensive schedule of valuation multiples for US
utility, power trader, merchant generator, and power technology companies.

 <<USUtils1.pdf>>  <<IPR Valuations Table Output.xls>>

We provide a summary of US consensus P/E ratios by electric utility strategy
below:

			2001E P/E	2002E P/E
Distribution		12.7x		11.4x
Integrated Utilities	13.0x		11.5x
Electric Generators	10.6x		8.7x
Energy Merchants	13.1x		11.6x
Source: I/B/E/S, Schroder Salomon Smith Barney estimates

2. Prices
Open this attachment to see current and forward price and spark spreads in
the key US power regions where European companies are active. Covered in the
charts is the Western US region (COB, Palo Verde, Mid Columbia), the North
East (Neepool), and Texas (ERCOT B).

 <<US Power Prices 14 Jan 02.pdf>>

3. News Highlights

*	PJM Study Says Single Northeast RTO Too Costly - Tuesday, 15 January
	The PJM Interconnection has released a preliminary cost/benefit
analysis suggesting the costs of joining a single Northeast RTO would
outweigh the benefits. In particular, PJM believes it would lose over $690m
of generator revenues, production costs and load payments a year. The
reports suggests the ISO New England would lose $324m per annum, while ISO
New York could save up to $2bn. PJM is expetced to pursue an agreement it
has reached with the Midwest ISO to create a single market. As a result, the
New England and New York ISOs are expected to pursue an RTO of their own.
Source: Platts.

*	UBS Wins Enron Trading - Friday, 11 January
	UBS has emerged as the winning bidder for control of Enron's
electronic commodity and derivatives trading operations, beating Citigroup
and BP. The sale was limited to a 51% stake in a new company called Netco
holding the hardward, software and employment conracts. The $13-billion
contract book was not included. There is no cash invloved, instead the offer
will give Enron one-thirs of any profits from a revived trading operation
over the next five years. EnronOnline is expected to be up and running again
within weeks. Source: Platts.

*	Vermont Yankee Sale Under Threat - Friday, 11 January
	The sale of the 540MW Vermont Yankee plant to Entergy ran into new
problems as teh Vermont Department of Public Service recommended new
conditions for the sale. In particular, the DPS would want the nuclear plant
to continue to sell power to local utilities at negotiated prices after 2012
if its operating license is renewed. Under the existing sales terms Entergy
would be free to sell on a merchant basis from 2012. A final decision is
expected mid-2002. Source: Platts.

	Vermont Yankee is part-owned (22.5%) by National Grid USA, the US
business of National Grid (NGG.L, 1M, 459p). Until the plant is sold,
National Grid USA will continue to share 80% of the revenues and costs with
customers through CTCs. The remaining 20% accounts for under 1% of National
Grid's total operating profit.

*	Retail Choice Popular in Texas - Friday, 11 January
	ERCOT has stated that it has received requests to switch over 34,000
retail electricity customers to new suppliers since it started accepting
requests on 17 December 2001, ahead of full retail competition on 1 January
2002.
	Source: Platts

	Centrica (CNA.L, 2M, 233p) filed an application in September 2001
with the Public Utility Commission of Texas to be licensed as a retail
electric provider (REP) in the state. It sought authority to begin marketing
electric service to residential and small commercial customers, and it plans
to provide service under the brand names of Republic Power and Energy
America. Centrica has held preliminary discussions with potential wholesale
power suppliers. Its primary focus will be on key metropolitan areas such as
Dallas-Fort Worth, Houston and Corpus Christi.

*	California AG Sues PG&E - Friday, 11 January
	California Attorney General has filed a lawsuit seeking $600m-$4bn
damages from PG&E Corp. for allegedly violating legal agreements designed to
protect utility ratepayers. Source: Platts

*	New York State Sues Niagara Mohawk/NRG - Thursday, 10 January
	New York State has filed a lawsuit accusing Niagara Mohawk (NiMo)
and NRG of violating the Clean Air Act. The lawsuit refers to two coal-fired
plants that NiMo sold to NRG in 1998, Huntley and Dunkirk. It alleges that
improvements were made to the plant  without upgrading air pollution
controls. NRG and NiMo themselves are fighting over who has responsibility
for the pollution controls, which could cost $350m. NiMo is suing NRG,
saying the responsibility for the controls lies with NRG and was specified
in the sales contract. NRG dispute this claim. Both lawsuits are pending.
Source: Dow Jones

	National Grid (NGG.L, 1M, 459p) are currently in the process of
acquiring NiMo in a deal expected to close early this year. NiMo has exited
from generation over the last few years and is a wires-focused business.

*	Mirant Triples Cash Reserves - Thursday, 10 January
	A recent credit rating downgrade to "junk" status by Moody's has
forced Mirant to triple the amount of cash it uses to support its trading
operations to upto $1bn. Mirant also said that its ability to do long-term
structured deals has been affected. However, the company believes it is well
positioned to benefit from the demise of Enron. Source: Platts

*	Peoples to Build 1,200MW Oregon Plant - Tuesday, 8 January
	Peoples Energy plans to file applications in Oregon to build a
1,200MW merchant CCGT plant. Source: Platts

4. US Research
We summarise below relevant research from SSB's US Utilities Team. The full
reports can be found on SSSB's GEO (Global Equity Online) service.

RELIANT RESOURCES (3H, Current: $15.59, Target: $17.00) - We initiate
coverage on Reliant Resources (RRI)  with a 3H (Neutral, High Risk) rating
and a $17 price target. Reliant Resources is a diversified deregulated
energy provider, with businesses including power generation, wholesale
trading & marketing, and retail energy. In May of 2001, 20% of Reliant
Resources was offered to the public by parent REI-- a full spin is expected
during 1Q 2002. Our Neutral rating reflects (1) Reliant Resources'
inconsistent track record in their Merchant business & (2) their significant
leverage to commodity prices though their fast-growing generation portfolio.
Our analysis continues to show depressed forward power prices & spark
spreads across the U.S. in 2002/3. We used sum-of-the-parts and adjusted
present value analyses to derive our $17 price target for RRI.

 <<RRI.pdf>>

Peter Bisztyga
Associate
European Utilities Equity Research
Schroder Salomon Smith Barney
Tel: +44 20 7986 3932
Fax: +44 20 7986 4342
E-mail: peter.bisztyga@ssmb.com

Should you experience any problems opening this file, or if you wish to
receive SSSB Utilities e-mails on a sector-only, UK-only, European-only, or
named stock basis - or be removed from our list - please contact
natalie.knapp@ssmb.com.

If you wish to be added/removed from our hard copy research list, please
contact natalie.knapp@ssmb.com.

You can view this note and other Schroder Salomon Smith Barney Utility
research by using our equities website. If you do not have access to SSSB's
GEO (Global Equity Online) service, please contact natalie.knapp@ssmb.com.
or your salesperson who will arrange personal login and password details.

Additional information is available upon request.
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including the Salomon Smith Barney group of companies ("the Firm"), may make
a market in the securities discussed in this text and may sell to or buy
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Investors should obtain advice based on their own individual circumstances
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If you have received this email in error please notify the
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 - USUtils1.pdf
 - IPR Valuations Table Output.xls
 - US Power Prices 14 Jan 02.pdf
 - RRI.pdf