---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/26/2000
10:17 AM ---------------------------

	From:  Jennifer Bagwell @ ENRON                           10/26/2000 09:58 AM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: do this:

---------------------- Forwarded by Jennifer Bagwell/NA/Enron on 10/26/2000
09:54 AM ---------------------------

Jackson Logan@ECT
10/13/2000 01:06 PM
To: Jennifer Bagwell/NA/Enron@ENRON
cc:

Subject: do this:

---------------------- Forwarded by Jackson Logan/HOU/ECT on 10/13/2000 01:06
PM ---------------------------

"Thorp, Brian C" <Brian_Thorp@AIMFUNDS.COM> on 10/13/2000 12:58:55 PM
To: "Jackson Logan (E-mail)" <jlogan3@enron.com>
cc:
Subject: do this:

Try this one if you get bored...

Follow the instructions... hilarious...

Toll Free National Discount Brokers

1. dial 1-800-888-3999 (it's free)
2. listen to the options- listen all the way through
3. when you hear #7 hit 7

Every company should have an option #7.

Brian Thorp
AIM Institutional Group
(800) 659-1005 x7636
(713) 214-7636


You are receiving this e-mail because you have been identified by the State Bar of Texas as having an November birthday.  If you need additional hours to meet your CLE requirements, please consider these courses.
Unless you have requested to be on the South Texas College of Law CLE mailing list, you should only receive this mail out once per year.
You may click on the links below or copy and paste a link into your address bar on your browser for information about upcoming CLE courses.
Strictly Ethics - one hour video CLE     $35.00 http://www.stcl.edu/cle/strictlyethics.html
Docket Call - by-the-hour video CLE        $35.00 per hour http://www.stcl.edu/cle/docket2001nov.html
The Art of Negotiation "From Crisis to Collaboration" - live, two-day CLE course http://www.stcl.edu/cle/flmed2001.html


?
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Dear Bill, Kate, and Les,

   I wanted to let you all know what we are doing concerning deals # 524528.1 (purchase from Willamet)  and 524529.1 (sale to PACE).
I believe that we are all now familiar with the details of these deals.   Mike, Geir, Les, and I have spent a combined 4 hours or more researching this deal over the last month.  Our last resort is to pull the tapes.  As we do not have access to our tapes and I am not sure when we will have them back, we have decided to do the following until we have the tapes back and can verify that the sale to PAC did take place:

* I have extended the sale of 4 MW's of Willamet generation to PAC to include HE 13.
* I have TEMPORARILY zero'd out the HE 14-24 piece of this deal on the PAC side with notes

As the payment is 3 months overdue, we will pay now and get reimbursed if we find that we are correct.

Please share any thoughts with me that you may have.

Thanks to everyone for your help in researching this.

Virginia


Gentlemen,

Please keep in mind that LV Cogen has 50mw available for HE10-11 in the morning (Tuesday, 8/14).  They are long gas for the remainder of the month, so their cost to produce is about $32.  So, if you can sell them for at least $35, please do so.

Thanks,
Stan


This is the best I could do from Legal...hope it's helpful.  SRS


BUSINESS HIGHLIGHTS

Weather Group
On Wednesday, December 6th, The Weather Channel aired an episode of their
show "Atmospheres," which included a fifteen minute segment focusing on
Enron's Weather Risk Management business.  Mark Tawney, Steven Vu, Gary
Taylor, and Steve Bennett were featured.  The Weather Channel has aired the
episode periodically since then.  The parts that make it through the Enron
cutting room floor will be coming soon to an elevator near you!  If you would
like to view a copy of the episode in its entirety, please contact Yvette
Simpson at ext. 3-9595.

The Weather Risk Management group completed the first ever Power Demand
transaction this week.  The transaction was a swap based on the PJM demand
index.  Power Demand contracts use average peak power demand as an index and
allow power market participants (generators, btu distributors, marketers,
etc...) to mitigate volumetric exposures.  Weekly swaps are available on
EnronOnline and the desk has placed option contracts on this index in the
broker market.  Inquiries regarding this product should be directed to
Claudio Ribeiro, product manager ext. 3-7313, Gary Taylor ext. 3-1511, or
Valter Stoiani ext. 3-6906.

West Power Trading
It,s been a wild and crazy holiday season in the West.  Electricity prices
have remained extremely bullish throughout the entire WSCC, due in large part
to below-normal temperatures, &less than stellar8 river flows in the
Northwest and Northern California, tremendously volatile natural gas prices,
and a number of generating plants down for both planned and unplanned
maintenance.  Recently, the Federal Regulatory Energy Commission (FERC) has
stepped in to implement several orders in an effort to try to correct this
&extremely flawed market.8  Stay tuned sports fans; some have the feeling
that the best is yet to come.

HAPPY HOLIDAYS
Seasons Greetings from ENA PR.  The EnTouch newsletter will be on holiday
break next week.  If you have information for future issues of EnTouch,
please send it to Michelle Vitrella.  We hope you have a wonderful and safe
holiday.  See you next year!

WELCOME

New Hires ENA/EIM/EGM
ENA ) Kimberly Hardy, Adam Johnson, Daniel Lisk, William Fleenor, Stacey
Wales, Jason Fischer, Aparna Rajaram

LEGAL STUFF

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


Gentlemen--We had agreed recently that we would get together with Steve to discuss our crisis management and crisis communication efforts.  I am starting to get my ducks in a row and thought we should move this along.  I have asked Stacy to set up this meeting when everyone can make it.

I talked briefly with Steve today about what he expects from each of us, and have written the attached in an effort to delineate the major items.

--Do you agree with all of these?
--What major items have I forgotten?
--What are your suggestions on timeline?

As you will see, many of the items mesh closely, so we should combine our two elements in one document when it calls for a policy or something.

Feel free to comment before our meeting and I can revise this, or we can just discuss it when we get together.  Thanks.


HEREWITH A LETTER THAT KEN MIGHT WANT TO SEND TO CALLUM MCCARTHY
Dear Callum,
I much enjoyed chatting with you in Aspen: it is always a relief to meet
a regulator who tries to get the process right, and then lets the chips fall
where they may.
In its efforts to remain open to new ideas, Enron has established an
advisory council consisting of academics, business people, political gurus
and the like (Irwin Stelzer is a member). This council meets twice a year
with Enron executives. Our next meeting is scheduled for October 31 at our
London headquarters ( we have a dinner the previous evening, at which we
review the state of political play around the world; you might find it
interesting).
One of the suggestions at the Aspen meeting was that traditional
regulation of energy markets might usefully give way to, or at least learn
some lessons from, financial regulation. Since you are one of the few
regulators who has had experience both in financial markets and in utility
regulation, we are hoping that you might be willing to share some ideas with
us on this subject. A 30-minute talk followed by what I promise will be a
very lively discussion would be perfect from our point of view.
We know how pressed you are for time, but are hoping you will favor us
with your thoughts on this interesting and difficult subject.
KEN: I don't think you can offer him a fee.


yours?
---------------------- Forwarded by Mark A Taylor/EFS/EES on 11/02/2000 03:44
PM ---------------------------

Michael Guerriero@ENRON
11/02/2000 03:25 PM

To: Lynn Aven/NA/Enron@Enron, Mark A Taylor/EFS/EES@EES
cc:
Subject: ADA Findings

To keep you briefed. The local Derivatives company may be easier than we
thought.

MFG
---------------------- Forwarded by Michael Guerriero/SA/Enron on 11/02/2000
05:28 PM ---------------------------

Bernardo Andrews
11/02/2000 04:23 PM
To: Michael Guerriero/SA/Enron@Enron, Andrea Calo/SA/Enron@Enron, Jeff
Kabel/SA/Enron@Enron
cc:

Subject: ADA Findings

I have met with Gustavo Mengui, one of the most active representatives of ADA
today.

My findings are the following:

ADA is very active and taking a leading role on the NETTING ISSUE. Good news
is that they consider that they will be able to pass a law that redifines
netting on the bankrupcy law by year end. They assume that they will have
"media sanci?n" before mid December. Media sanci?n is basically having
approval by one of the chambers (Diputados) and a strong support to going to
the Senators Chamber shortly after. We will receive the law project today.
The law project was designed by Hector Alegria. Gustavo assumes that they
will be available to talking with our legal team upon request.
They have received from the Central Bank a request to propose all necessary
changes in the regulations so as to have the (interest rate mainly)
derivatives market going asap. This shows a fertile ground on this
institution for our future conversations.
On the CNV's side, he stated that the porject of law (on netting) was
actively supported by this body. ACtually, he commented that CNV officials
were active speakers when this matter was treated in the commission session
at Congress.
ADA is working with PWC on the tax issues. ADA and PWC are preparing to
present the government officials their proposal for the Ingresos Brutos
treatment of derivatives in the City of Buenos Aires (makes me think that we
have been talking to the right guys these last days).
Gustavo was crystal clear that, although they have been supported and funded
by banks, they are a Foundation and they are open to working with Enron. He
insisted that he does not expect conflict of interest to arise and that the
energy sector is strategical for them, specially considering the recent
evolution in financial energy trading.
There will be some issues regarding the support ADA will give to the Rofex
effort of creating an energy market. The OTC versus the formal exchange issue
is to be addressed.

ADA is willing to work with us on the future and we might have to do some
follow up meetings to get this type of news earlier.
My personal opinion is that we might like to go ahead with our conversations
with regulators and officials but I doubt whether we should go with ADA or
not. There are various pros and cons.

Lets talk for 5 minutes,

Bernardo


FYI re: "floating caps"
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/12/2000
09:03 AM ---------------------------
From: Mark Palmer@ENRON on 12/12/2000 10:15 AM
To: Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT
cc:

Subject: FW: CalPX Emergency FERC Filing

In case you haven't already seen this...

Mark
----- Forwarded by Mark Palmer/Corp/Enron on 12/12/2000 10:13 AM -----

	"Leopold, Jason" <Jason.Leopold@dowjones.com>
	12/11/2000 08:31 PM

		 To: "'mark.palmer@enron.com'" <mark.palmer@enron.com>
		 cc:
		 Subject: FW: CalPX Emergency FERC Filing

 - 2862-Emergency Filing.doc


Have him send his resume to Karen Buckley in HR.  There is a new round of
trading track interviews in May.


The Senate did not take up SBX 6 or SBX 33 prior to adjourning for the
long weekend.  The next time the Senate will meet is on Tuesday at 10:00
a.m.  I have attached the most recent versions of both bills.

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_6_bill_20010215_amended_
sen.pdf

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_33_bill_20010215_amended
_sen.pdf


I was in Austin the end of last week recruiting at UT and (in a sense of
open-mindedness and fair play) was at OU on Sunday night and Monday
recruiting as well. James and I have not had a chance to talk following your
conversations.  Nor am I really caught up on e:mail messages.  I have some
tight deadlines on a couple of things for Friday, so it may be Monday before
James and I have the opportunity to talk in any detail.

Mike Campbell <MCampbell@HDINC.COM> on 10/10/2000 04:12:47 PM
To: "'sally.beck@enron.com'" <sally.beck@enron.com>
cc:
Subject: Next Steps

Sally,
We had a good meeting with James last week - I hope you have had the
opportunity to talk with him about it. What are the next steps? Would you
like to get together and have a mini-planning session on developing the
business maturity model around your business opportunities? We got a chance
to talk with James a little on that front, but he is not sure where your
thinking is on some of these approaches. I believe that is the best way to
get the changes you are seeking and accomplish the other business objectives
at the same time. Please let me know.
Thanks,

Mike Campbell
Holland & Davis, Inc
mcampbell@hdinc.com
713-877-8130


Jim Flores - did he also work in Finance?   I dont remember him...

JMF


MacroWorld Portfolio Review: 12/11/2000
Courtesy of Macro*World
07:29 pm est
---------------------------------------------------------------------------
This Email portfolio is available on either a weekly or daily basis.
To change your option or to stop receiving this portfolio, select
the option marked "EMail" in the Options section of the website.
---------------------------------------------------------------------------

Technology stocks rallied then retreated slightly in
late trading as the Bush-Gore legal showdown neared an end.

Wholesale
Inventories for Oct are up 0.3%, sales are unchanged.

Shire
Pharmaceuticals of the UK is acquiring Canada''s BioChem
Pharma in a $5.9 bil stock swap  .

IBM says
it has started production of powerful new microchips for
computer servers and communications gear .

DaimlerChrysler
is planning an overhaul of the group''s structure amid a
crisis at its Chrysler unit .

Lowe''s says
it expects 4th-qtr profits to come in below analysts'' expectations
due to soft sales .

ANADIGICS says it expects
lower earnings in its 4th qtr and FY 2001 .

Markets
overseas are higher. The London FTSE is up 1.30%, the Frankfurt
DAX is up 1.36%, and the Paris CAC40 is up 2.33%. Tokyo''s
Nikkei closed up 2.17%, Hong Kong''s Hang Seng closed up
1.44%, and Sydney''s All Ordinaries closed up 0.72%.

Economic
calendar:
Tue: No reports scheduled;
Wed: Retail Sales;
Thu:
Jobless Claims, Business Inventories;
Fri: CPI, Industrial
Production.

Market Segments
----------------------------------------
DJ Industrials   10,725.8       12.9
S&P 500           1,380.2       10.3
NY Composite        657.5        2.2
ASE Composite       885.3       11.8
NASDAQ Compsite   3,015.1       97.7

Capital Sectors   %Change
----------------------------------------
Large Cap             1.8%
Mid Cap               2.2%
Small Cap             1.7%

Market Volumes (millions of shares)
----------------------------------------
NYSE: 1,202.6
NASDAQ: 2,412.5

----------------------------------------------------------------------
Market Timing: M*W Action Index

For Short-term traders/market timers Only!

(Enter market when Index >67, Exit when Index <33)

Latest Reading:

12/11/2000 5PM of 45.9, staying in the market (S&P=1380.2, +44.8%)

Previous Signal:
Entered market 12/29/1997 on index of 74.7 (S&P=953.4)

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

If you would like to receive a news and price changes on stocks or funds,
you can set up a personal portfolio in the portfolio section.
----------------------------------------------------------------------
Footnote to Tables:

(1) To view the individual analyst ratings for any
security, first access the security in the Research
section of the MacroWorld site. Then click on the
ratings icon in the RESEARCH sub-menu.

(2) The Day's Volume as a percentage of the 90 day average.
----------------------------------------------------------------------

Notice:

The investment strategies and information featured on the
MacroWorld(sm) web site may not be suitable for all investors
and are not intended to be investment advice. Some of the data
displayed on the MacroWorld(sm) web site is based on historical
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does not guarantee future results, please do not rely on the
information presented on the MacroWorld(sm) web site to make
investment decisions. It is recommended that you not rely on any
single source for investment advice and that you consult with your
personal financial advisor and your tax advisor before making
investment decisions.

The information provided on the MacroWorld(sm) web site is provided
for informational purposes only. All information, data and news is
protected by copyright and other applicable laws. All reproduction,
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based on criteria selected by the User and such other information
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Neither Wachovia, nor its licensors, contractors or affiliates, nor
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This E-mail portfolio is available on either a weekly or daily
basis,  if you wish change your option or to stop receiving this
portfolio you  may do so by selecting the button marked "E-Mail" in
the Options section.


Steve:  I don't believe that I have seen a revised forward confirmation since
our conversations in mid-September.  I have only a "draft" confirmation dated
May , 2000 which I marked and which served as the basis of further
discussions.  Also, I thought that CSFB was going to send language addressing
concerns raised by EITF Issue No. 00-19.  FYI, I have not received comments
from Mike Enerson.

Is someone in your shop preparing a revised confirmation?

Thanks.  Sara


-----Original Message-----
From: 	William Toriello <wtoriello@brookvillestaffing.com>@ENRON
Sent:	Wednesday, January 16, 2002 2:32 PM
To:	Kaminski, Vince J; 'VKaminski@aol.com'
Cc:	'catherine.flax@morganstanley.com'; 'john.woodley@morganstanley.com'; Crenshaw, Shirley
Subject:	Friday 11:30 EST 10:30 Central

Vince,
After talking with Catherine Flax and Shirley Crenshaw Friday  January 18,
2002 at 10:30 Central (11:30) Eastern time was set up for a telephone
conference with John Woodley and Catherine Flax and yourself.

Catherine will call you at your direct number-  713-853-3848
Please contact me if there are any changes.
Thanks,
Bill
Catherine Flax Direct is 212-761-8764

William J. Toriello
Director of Energy Recruitment
Brookville Search, Inc.
212-697-8080 x3103


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/02/2001
01:52 PM ---------------------------

From:  Veronica Espinoza @ ENRON
               01/26/2001 10:01 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc:
Subject: Credit Report--1/26/01


Ina,

 Where can we put Barry T.?

Phillip

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 11/14/2000
02:32 PM ---------------------------

Barry Tycholiz
11/13/2000 08:06 AM
To: Ina Rangel/HOU/ECT@ECT
cc: Phillip K Allen/HOU/ECT@ECT
Subject: New Employee on 32

I will be relocating to 32 effective Dec. 4.  Can you have me set up with all
the required equipment including, PC ( 2 Flat screens), Telephone, and cell
phone. Talk to Phillip regarding where to set my seat up for right now.

Thanks in advance. .

Barry

If there are any questions... Give me a call.  ( 403-) 245-3340.


Attached is a revised Credit Watch listing as of 4/02/01.
If there are any personnel in your group that were not included in this
distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, or Brant Reves at x3-9897.


I'll look at it on the plane and talk to you tomorrow.  DF

Michael Moran
11/28/2000 04:51 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

FYI. After you review we can discuss.
---------------------- Forwarded by Michael Moran/GPGFIN/Enron on 11/28/2000
04:46 PM ---------------------------

Julia White
11/28/2000 04:44 PM
To: Stanley Horton/Corp/Enron@Enron, Steve Hotte/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Michael
Moran/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

This is the latest draft from Julie for your review. I realize we will
discuss at the staff meeting on Monday.

Thanks. Julia
---------------------- Forwarded by Julia White/ET&S/Enron on 11/28/2000
04:39 PM ---------------------------

	From:  Julie A Gomez @ ECT                           11/28/2000 12:04 PM

To: Julia White/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

Dear Julia-

Here is the cleaned up version of what I sent you the other day.

Please let me know your comments ASAP.

Thanks,

Julie  :-)


eProcurement

I am pleased to announce that as part of our original implementation
strategy, all current eProcurement users will receive the new version of the
eProcurement system on Monday, June 18th.

The purpose of this e-mail is to announce the upgrade of the current
eProcurement system and to encourage you to prepare yourself to use this
enhanced tool.

eProcurement Upgrade
The new version will have a number of new features:
*  Approval routing based on reporting structure and spend/approval limits
*  Ability to view approval routing before submitting your shopping cart
*  Ability to include attachments to your shopping cart
*  Ability to assign a percentage of a line item amount to multiple cost
centers

Getting Prepared
Over the next several weeks the iBuyit team will be providing you with the
following information to help you prepare for your transition to the new
system on June 18th:
*  New eProcurement System Brown Bag Session, When: May 30th, 11:30 - 1:00,
Where: Enron Building, 50M Dining Room
*  Information about the differences between the current system and the new
system
*  Information about training opportunities and resources
*  What you need to do to transition from the current system to the new system

I encourage you to review this information carefully and to take advantage of
the training opportunities.

If you have any questions about the eProcurement upgrade please contact the
iBuyit project team by sending an e-mail to <<mailto:ibuyit@enron.com>>.


fyi... transcript of Gov. Davis' remarks in San Diego today.
---------------------- Forwarded by Karen Denne/Corp/Enron on 11/14/2000
04:19 PM ---------------------------

"sandra" <SYamane@marathon-com.com> on 11/14/2000 04:02:48 PM
Please respond to "Sandra Yamane" <SYamane@marathon-com.com>
To: <karen.denne@enron.com>, Windows@marathon-com.com,
Windows@marathon-com.com
cc:

Subject: GOVERNOR DAVIS CALLS ON FEDERAL ENERGY REGULATORY COMMISSION TO
ORDER CONSUMER

 - GOVERNOR DAVIS CALLS ON FEDERAL ENERGY REGULATORY COMMISSION TO ORDER
CONSUMER REFUNDS AND PRICE CAPS.htm


Meherwan,

I would be happy to participate in the Gas Turbine/Condition Monitoring conference and workshop.
Could we arrange a time to discuss the details later his week? Are you available on Wed 17 Oct AM?

Rick Jones


Per my conversation with Frank, Utilicorp. was originally shut down for
financial because it was on the original "utility" list, when we shut down
all the utilities for financial until we did the due diligence.  Since then,
we are opening the utilities up, so long as they are not governmental
utilities.

Second, we have since got an ISDA master in place with Utilicorp. (and moved
the Aquila trades under it).

Based on the above, I am opening up Utilcorp. for all financial products.


----- Forwarded by Mark Palmer/Corp/Enron on 02/08/2001 05:27 PM -----

	Margaret.Allen@enron.com
	02/08/2001 05:19 PM

		 To: mark.palmer@enron.com
		 cc:
		 Subject: Media info

Mark, let me know if this is what you were looking for:

   $2Million on 1st Quarter buy-- $1.5M on National Cable and $.5M on spot
   Working with EMS, we received a 100% increase in value on the national
   buy and 66% increase in value on the spot buy
   National Cable buy includes CNN, CNNfn, CNBC, ESPN, Fox News, Discovery
   Cannel and The History Channel
   Our spot buys cover NY, DC and Houston on CBS and ABC


---------------------- Forwarded by Mark Palmer/Corp/Enron on 04/25/2000
10:14 AM ---------------------------

"Rieke, Michael" <Michael.Rieke@wsj.com> on 04/25/2000 09:37:24 AM
To: "'hesson'" <bob.hesson@cornerstonepropane.com>, "'mark palmer'"
<Mark_Palmer@enron.com>, "'Tom Gros'" <Tom_gros@enron.net>
cc:

Subject: FW: begger.com & ebegger...

 >Three beggars are begging in New York City.
 >The first one wrote "beggar" on his broken steel cup and he
received ten >bucks after one day.
 >
 >The second one wrote "beggar.com" on his cup and after one day he
received >hundreds of thousands of dollars.  Someone even wanted to take him
to >NASDAQ.
 >
 >The third one wrote "eBeggar" on his cup.  Both IBM and HP sent
 >vice-presidents to talk to him about a strategic alliance and
offered him >free hardware and professional consulting while Larry Ellison
claimed on >CNBC that eBeggar uses 95% Oracle technology.  I2 announced
>BeggarTradeMatrix a b2b industry portal to offer supply chain integration
>in the beggar.  Cisco just announced that virtually all eBeggar traffic
>runs over their equipment.


Attached for your review is a draft letter for third parties whom with we
plan to participate in the Kern River Open Season.  Barry asked that I
forward to you as well for review.
----- Forwarded by Gerald Nemec/HOU/ECT on 03/14/2001 09:31 AM -----

	Gerald Nemec
	03/13/2001 07:00 PM

		 To: Mark Whitt/NA/Enron@Enron, Paul T Lucci/NA/Enron@Enron, Tyrell
Harrison/NA/Enron@Enron
		 cc: Barry Tycholiz/NA/Enron@ENRON, Julie A Gomez/HOU/ECT@ECT
		 Subject: Kern River Bid Letter

Mark,  Attached is the letter agreement we discussed.  Please review.  It is
rough.

Some issues to note:

1.  The Kern PA cannot be assigned without their consent, which shall not be
unreasonably withheld.  If Kern didn't like the fact that we are receiving
assignment from 3 or 4 other shippers, they might withhold consent if they
thought we were superceding their bid procedures.  Not sure if they would,
but it is a risk.

2.  If the assignment is done after the producer executes the firm transport
agreement, Kern could require to capacity to be released via capacity release
at max rate.

3.  I took a stab at the mark-to-market calculation.  Probably needs more
substance though.

Lets discuss.


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

May 18, 2001 5:00pm through May 21, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

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 CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  Internet
Time:  Fri 5/18/2001 at  10:30:00 PM CT thru Fri 5/18/2001 at  11:30:00 PM CT
 Fri 5/18/2001 at    8:30:00 PM PT thru Fri 5/18/2001 at    9:30:00 PM PT
 Sat 5/19/2001 at  4:30:00 AM London thru Sat 5/19/2001 at  5:30:00 AM London
Outage:  Upgrade IOS on ENEFW4
Environments Impacted:  Internet
Purpose: The new code has bug fixes and stateful failover feature.
Backout: Revert back to old IOS.
Contact(s):  John Shupak          713-853-7943
  Bryan Aubuchon    713-345-8446

MESSAGING:
Impact:  Corp Notes
Time:  Fri 5/18/2001 at  9:00:00 PM CT thru Sat 5/19/2001 at  1:00:00 AM CT
 Fri 5/18/2001 at  7:00:00 PM PT thru Fri 5/18/2001 at  11:00:00 PM PT
 Sat 5/19/2001 at  3:00:00 AM London thru Sat 5/19/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s):  Trey Rhodes  (713) 345-7792

Impact:  EI
Time:  Fri 5/18/2001 at  9:00:00 PM CT thru Sat 5/19/2001 at  1:00:00 AM CT
 Fri 5/18/2001 at  7:00:00 PM PT thru Fri 5/18/2001 at  11:00:00 PM PT
 Sat 5/19/2001 at  3:00:00 AM London thru Sat 5/19/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s):  David Ricafrente    713-646-7741

MARKET DATA:
Impact:  CORP
Time:  Wed 5/16/2001 at  4:45:00 PM CT thru Wed 5/23/2001 at  4:45:00 PM CT
 Wed 5/16/2001 at  2:45:00 PM PT thru Wed 5/23/2001 at  2:45:00 PM PT
 Wed 5/16/2001 at  10:45:00 PM London thru Wed 5/23/2001 at  10:45:00 PM
London
Outage:  Market Data Cable Management EB3460
Environments Impacted:  All Trading Groups
Purpose: Improve computer room environment.  Perform cable management in
order to comply with computer room standards.
Backout: N/A
Contact(s):  John Sieckman    713-345-7862

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  Corp, OTS, ETS
DATE:  MAY 29, 2001/2/2001 at  5:30:00 PM
Outage:  Migrate DSS Server to GTHOU-APPSQ03P
Environments Impacted:  DSS users will not be able to access the old server
(ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides
increased
functionality and conforms to database platform requirements.
Backout:
Contact(s):  Mary Vollmer          713-853-3381
  Joe Hellsten           713-853-7346      713-545-4164

Impact:  CORP
Time:  Sat 5/19/2001 at  10:00:00 AM CT thru Sat 5/19/2001 at  4:00:00 PM CT
 Sat 5/19/2001 at    8:00:00 AM PT thru Sat 5/19/2001 at  2:00:00 PM PT
 Sat 5/19/2001 at  4:00:00 PM London thru Sat 5/19/2001 at  10:00:00 PM London
Outage:  Moving Production Database TDSPROD
Environments Impacted:  ENA
Purpose: This database is being moved to give the space it is currently using
to the Enpower database on that server.  The new server Refraction will also
allow TDSPROD to expand as well.
Backout: The old instance will be restarted and the TNSNAMES.ORA entry will
be changed to point at the old instance.
Contact(s):  John Jahnke    713-345-4398

Impact:  CORP
Time:  Sat 5/19/2001 at  9:00:00 PM CT thru Sun 5/20/2001 at  12:00:00 AM CT
 Sat 5/19/2001 at  7:00:00 PM PT thru Sat 5/19/2001 at   10:00:00 PM PT
 Sun 5/20/2001 at  3:00:00 AM London thru Sun 5/20/2001 at  6:00:00 AM London
Outage:  Resource addition for server moe.
Environments Impacted:  Sitara, PEP, Global
Purpose: Server is memory and cpu constrained.
Backout: Shutdown the server and revert to old configuration.
Contact(s):  Malcolm Wells    713-345-3716

SITARA:   Also see above
Impact:  CORP
Time:  Sat 5/19/2001 at   2:00:00 PM CT thru Sun 5/20/2001 at  12:00:00 AM CT
 Sat 5/19/2001 at 12:00:00 PM PT thru Sat 5/19/2001 at   10:00:00 PM PT
 Sat 5/19/2001 at  8:00:00 PM London thru Sun 5/20/2001 at  6:00:00 AM London
Outage:  Resource additionto Sitara server aurora.
Environments Impacted:  Sitara production
Purpose: Add needed cpu and memory.
Backout: Remove the newly added resources and restart under the old config.
Contact(s):  Malcolm Wells    713-345-3716

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:
Impact:  CORP
Time:  Fri 5/18/2001 at  3:00:00 PM thru Sun 5/20/2001 at  11:45:00 PM
Outage:  Unify Power Production Server Maintenance
Environments Impacted:  Unify Users
Purpose: Infrastructure required maintenance
Backout:
Contact(s):  Brian Ripley          713-345-4709
  Charles Ballmer    713-853-0684
  Bob Ward              713-345-4409

SCHEDULED SYSTEM OUTAGES: Australia
Impact:  CORP
Time:  Sat 19-May-2001 at  10:00:00 AM Sydney thru Sat 19-May-2001 at 3:00:00
PM Sydney
 Sat 19-May-2001 at  1:00:00 AM GMT (London) thru Sat 19-May-2001 at  6:00:00
AM GMT (London)
 Fri 5/19/2001 at  7:00:00 PM CT (Houston) thru Sun 5/20/2001 at  12:00:00 AM
CT (Houston)
 Fri 5/19/2001 at 5:00:00 PM PT (Portland)  thru Sat 5/19/2001 at  10:00:00
PM PT (Portland)
Outage: Sydney UPS Test & Service
Environments Impacted:  Corp Sydney - all systems
Purpose: Original UPS needs testing & service. Will require Server Room to be
de-powered to allow maintenance.
Backout: Plug equipment into unconditioned power.
Contact(s):  Colin Wood    +61-416-248-353
  Elliott Katz +61-292-292-309

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

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
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)853-9797 OR (888)853-9797


Please join us for a happy hour farewell party for Samantha Ferguson who is leaving Enron to complete her last year in law school.  Details are as follows:

Friday, August 3
5:30 p.m. - whenever
The Gallant Knight
2337 W HOLCOMBE BLVD

Please r.s.v.p. so we know how many people to expect.

Check out the map below for directions. Hope to see you there!

http://www.mapquest.com/cgi-bin/mqtrip?shared_uid=e8r1nbv0c7ncsqek&link=btwn/twn-ddir_results_page&event=retrieve_route

John Viverito
EB 3853
Office Tel. # (713) 523-0840
Fax # (713) 646-4842


This candidate is part of the Texaco merger and is one of the people that Dynegy is trying to retain, he was referred to me as a top notch trader. He Prefers the East coast so I thought I would see if you have anything for him. He has interviewed with RWE as well they seem to be to far off in there plans for him right now.

Michael Hubley
Vice President Recruiting
Executive Search
781-383-8269
mdhubley@ex-sp.com

Michael D. Hubley Vice President Recruiting
Exceutive Search Partners, Inc.
781-383-8269
mdhubley@ex-sp.com
www.ex-sp.com


What are you planning on doing with them?
----- Forwarded by Richard B Sanders/HOU/ECT on 03/25/2001 10:30 AM -----

	"Hollingsworth, Jarvis V." <JHollingsworth@brobeck.com>
	03/23/2001 04:47 PM

		 To: "'Blaine, Michelle'" <Michelle.Blaine@ENRON.com>, "Brownfeld, Gail"
<Gail.Brownfeld@ENRON.com>, "Williams, Robert C."
<Robert.C.Williams@ENRON.com>, "Sanders, Richard"
<Richard.B.Sanders@ENRON.com>
		 cc: "Long, Sean" <Sean.Long@ENRON.com>, "Zager, Steve" <SZager@brobeck.com>
		 Subject: April 3  Meeting

Robert:
As you recall, Steve Zager and I were going to be in Houston on April 3.
This is just a followup to our previous emails regarding everyone's
availability on that day.  Let me know.  Thanks.......Jarvis

Jarvis V. Hollingsworth
Brobeck, Phleger & Harrison LLP
4801 Plaza on the Lake
Austin, TX  78746
512.330.4087
512.633.7091(cell)
512.330-4001 Fax
jhollingsworth@brobeck.com

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


Looks like you did it again.  When are you going to take me to a cowboy
game?  Are you going to go to Fla./Georgia in Jacksonville with us this
year?  Let me know about vegas early next week.
PL


Matt:

As GSS Business Development transitions the HP relationship for broadband to
your team, there are several issues I wanted to clarify in terms of how the
relationship has been developed and who the contacts have been to date.
Additionally, I outlined the discussion points/action items from this
morning's meeting you held with Jennifer Medcalf and myself.  Per your
request, the HP presentation complete with a listing of HP's business
partners was e-mailed to you this morning.

HP contacts to date:

Bill Lovejoy, Western Gulf Area Sales Manager
Houston, TX
#(713)-439-5587
(Gerry Cashiola's boss)

Gerry Cashiola, sales representative
Houston, TX
#(713)-439-5555
(To date, HP person coordinating the relationship--seeking a short term play)

Greg Pyle, Solution Control Manager
Southeast Region
Austin, TX
(#(512)-257-5735
(Pyle has been playing the business developer role but continues to defer
leadership of the process to Gerry Cashiola)

Daniel Morgridge, Manager of Internet - E-Services long term alliances
Austin, TX
#(512)-257-5736
(Interested in E-services/wireless longer term alliances)

Bill Dwyer, Chief Architect, e-Services Solutions
Cupertino, CA
#(408)-447-5240
(To date, clearly the most knowledgeable person on HP's business
propositions; strong technical, financial background to craft value
propositions.  Gerry Cashiola and Greg Pyle deferred to his judgement in the
11/16th meeting)

Matt,

On November 10th, GSS Business Development took HP through a tour of Enron's
trading floor, the gas control center, and the peaking power plant unit
center on the trading floor.  This tour was one meeting, amongst several,
held in October and November to provide HP a full overview of Enron's
products and services and introduce them to appropriate contacts at Enron
(EBS, GSS buy side -- Peter Goebel).

On November 16th GSS Business Development,  Patrick Tucker, and Dale Clark
outlined 3 possible EBS/HP focus areas  --  connectivity, storage, and
wireless.  Three EBS action items were defined in that meeting:

1) HP was to provide an HP contact on connectivity (to date, Gerry Cashiola
has stalled on providing this).  Sarah-Joy will continue to pursue this
information and get a sense from Gerry Cashiola of what he means by short
term opportunity.  What is HP's time horizon for short term?

2) EBS and GSS/BD was to facilitate a conference call on Storage with Ravi to
explore size and potential scope of opportunity (completed 12/8)

3) GSS/BD was to facilitate a conference call with Peter Goebel, GSS IT
Sourcing Portfolio Leader (set for 12/14)

In conversations with you, Jennifer Medcalf and myself this morning, several
decisions on forward-looking strategy with HP/EBS were confirmed:

Gerry Cashiola has been unable to take control of the process.  More
importantly, despite numerous visits to Enron in which he has had overviews
of Enron's products and services; met with Peter Goebel and his team on the
GSS buy side, and participated in an Experience Enron tour, Gerry has been
unable to define an HP business proposition.  The coordination between
Cashiola (short term initiative) Morgridge (long term, 12-24 months) has
remained unorganized.  These initiatives need to be developed separately.

Clearly,  the conversations with HP need to be elevated to a more senior
level so EBS can work with HP decision makers who can move the relationship
forward at a strategic level.  As the relationship is developed at this
strategic level, shorter term opportunities will crop up along the way.  But
Gerry's short term plans will not be the focus of the EBS/HP relationship,
rather a by-product.  To facilitate this process of elevating the
relationship, Jennifer Medcalf and I are following up with Bill Lovejoy and
Greg Pyle.  Lovejoy's boss is Dan Sytsma, VP of  HP's America's Central
Region.

 In the conference call Thursday, 12/14 with Peter Goebel and HP regarding
wireless initiatives, Peter will support the GSS/BD push for the HP/EBS
initiative by reiterating the following two points:

 a) Enron is already an HP customer; the onus is on HP  to move forward on
the process of building a strategic  relationship  (IBM and Lexmark are only
some of the HP competitors who could push them out of the running)

 b) HP's ability to bring the right people to the table will influence HP's
business relationship process with Enron

 Patrick Tucker and Dale Clark could build their relationship with Bill
Dwyer, Chief Architect e-Services Solutions, (met at the meeting 11/16) in
the near term.  Perhaps, plan a visit to Cupertino, California to see Dwyer
in person.

We look forward to continuing close collaboration with your team on this and
other opportunities.

Sarah-Joy Hunter
Enron Corporation
Global Strategic Sourcing - Business Development
#(713)-345-6541


I called you Wednesday night and got the message that your phone was
disconnected.  When I got the same message on Thursday, I got worried.  I
called John's phone and left a message.  Hope you get reconnected soon.
David and I are thinking of going to Ft. Sam tomorrow morning.  Need to buy
some things on post.  Will talk to you this evening.

Love you much,
Mom

Kathryn Sanchez, EdD
Assistant Superintendent
Research and Accountability
Houston Independent School District
Phone (713) 892-6350
Fax   (713) 963-9156
ksanchez@houstonisd.org


Hello all!

Just a reminder that Jeff Richter is patiently waiting in Mt. Hood to inform all interested candidates about the Day Ahead Scheduling position. Stop by to find out more information! (He will begin his presentation in just a few moments.)

--------------------- Forwarded by Grace Rodriguez/PDX/ECT on 04/24/2001 10:57 AM ---------------------------

Amy FitzPatrick
04/23/2001 09:04 AM
To:	Portland West Desk
cc:
Subject:	Day Ahead Scheduling Opportunity!

A position has recently become available on the California desk reporting to Jeff Richter.  Jeff will be holding an information session on Tuesday, April 24, 2001 at 11:00 am in Mt. Hood for anyone who would like to learn more about this opportunity.  Interested candidates should let Amy FitzPatrick know by close of  business on Friday, April 27, 2001.

Day Ahead Scheduling/Analyst

This individual is responsible for the physical and financial integrity of Day-Ahead scheduled energy transactions.  This includes managing schedules and preserving Enron's financial rights with non-performing trading counterparties.

In addition, the Day Ahead scheduler is responsible for some trading of energy in the California ISO and bilateral markets both on Enron Online and through the broker market.  Traders are expected to initiate profitable trades while maintaining an acceptable amount of risk exposure to the company.  The individual is expected to know all settlements requirements and charges related to each type of trade.  The trading role requires interfacing with internal and external customers and other desks within West Power Trading.

The Day Ahead scheduler is required to administer terms of Service Desk contracts, which may include the selling of excess generation and purchasing energy for customer's load requirement.  Also, the individual is responsible for gathering and reporting information on unit outages, transmission line derations and other information that is useful for all West Desk Trading activity.

Job Duties
?	Confirm purchases and sale of power for Enron Power Marketing
?	Create and manage daily position spreadsheet
?	Involves some weekends
?	Work closely with volume, risk management, and dispute settlement groups
?	Assist in the resolution of volume discrepancies within an ISO market
?	Interface with service and middle marketing customers to resolve Day-Ahead  questions and concerns
?	Assist in testing and implementation of the scheduling applications
?	Work closely with information technology and fundamentals group to maintain and develop Day-Ahead tools and systems
?	Learn SQL programming to enhance data analysis

Qualifications
?	Bachelors in Finance, Business, Accounting or related field
?	1 to 2 years of previous power industry experience in WSCC is preferred.
?	Excellent problem solving and communication skills
?	Working knowledge of Excel, Access is required.  Knowledge of Visual Basic and SQL is preferred.
?	Self motivated
?	Detail oriented


Thank you for allowing me to explain the UBS relocation policy.  I have included a repayment agreement that must be printed out, signed and faxed back to 203-205-3934 at your earliest convenience.  I look forward to working with you in the future.  Thanks

<<Domestic transfer.doc>>
Justin Arcadipane
Client Services Consultant

Phone: 203-205-4911
Fax: 203-205-3934
Email:  justin.arcadipane@cendantmobility.com <mailto:justin.arcadipane@cendantmobility.com>


Start Date: 1/31/02; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002013104.txt


thanks.

 -----Original Message-----
From: 	Hass, Glen
Sent:	Tuesday, September 18, 2001 11:23 AM
To:	Dasovich, Jeff
Subject:	RE:

I've only known Mark (sorry, wrong name below) since May of this year.  His company name is Interstate Gas Services, Inc. at 2500 Kitty Hawk Road, Suite 101, Livermore, CA  94550.  I did hear that they moved at some point in time so perhaps that caused a phone number change prior to my introduction to him.  gh

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, September 18, 2001 11:15 AM
To:	Hass, Glen
Subject:	RE:

Thanks.  Did he change companies, or just phone numbers?

Best,
Jeff

 -----Original Message-----
From: 	Hass, Glen
Sent:	Tuesday, September 18, 2001 11:14 AM
To:	Dasovich, Jeff
Subject:	RE:

Jeff,

No Problem,  Steve's number is 925-243-0350.  I also have his fax number and address if you need it.

FYI--He recently agreed to provide operational support for the DWR's gas supply contracts.

Glen

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, September 18, 2001 10:57 AM
To:	Hass, Glen
Subject:	FW:

Greetings.  Steve Harris says that you might have a number for Mark Baldwin.  Possible to get it from you.  Thanks very much.

Best,
Jeff

 -----Original Message-----
From: 	Harris, Steven
Sent:	Tuesday, September 18, 2001 10:54 AM
To:	Dasovich, Jeff
Subject:	RE:

I have not spoken to him directly in a while. I know Glen Hass in our Omaha office talked to him the other day and could give you that number. Thanks.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, September 18, 2001 10:40 AM
To:	Harris, Steven
Subject:

Greetings.  Hope, given the circumstances, that you're well.  I'm trying to get a hold of Mark Baldwin, and the number I have gets a recording saying that it ain't the number anymore.  Do you have a number for him.  Greatly appreciated.

Best,
Jeff


Mark,   Enron Compression Services is correct.  Thanks.

Mark Conner <mconner@plainsgt.org> on 12/13/99 04:49:58 PM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: RE: Telecomm Agreement

Gerald,

Just a quick double check, are you with "Enron Compression Services" ?  (I'm
dealing with Enron Compression Services, T&D Engineering and Construction,
and Enron Engineering and Construction Company on this project !!)

Thanks in advance,

Mark

-----Original Message-----
From: Gerald Nemec [mailto:gnemec@ect.enron.com]
Sent: Monday, December 13, 1999 3:27 PM
To: Mark Conner
Subject: RE: Telecomm Agreement

Please forward to my attention at:

1400 Smith
Houston, TX 77006
Suite EB3883

Thanks for your help.

Mark Conner <mconner@plainsgt.org> on 12/13/99 03:06:49 PM

To:   Gerald Nemec/HOU/ECT@ECT
cc:   Mark Courtney/HOU/ECT@ECT
Subject:  RE: Telecomm Agreement

Gerald,

Plains has reviewed the agreement and prepared executables.  Please provide
me with a name and address and I will overnight two signed originals.

Thanks,

Mark Conner

-----Original Message-----
From: Gerald Nemec [mailto:gnemec@ect.enron.com]
Sent: Thursday, December 09, 1999 5:16 PM
To: mconner@plainsgt.org; jtaylor@plainsgt.org
Cc: Mark Courtney
Subject: Telecomm Agreement

Joe,  Attached is the document with the revisions we discussed.  Please
review
and if acceptable prepare the executables.

(See attached file: enroncomm-rnc revision1.doc)


IF YOU ARE A DIRECTOR OR OFFICER OF A NON-US CORPORATION WITHIN THE ENRON GROUP, PLEASE NOTE THE FOLLOWING:

As you are aware, Enron Corp. and some of Enron's subsidiaries have voluntarily filed for Chapter 11 earlier this week.  We are in the process of evaluating the effect of the filing on the company in which you serve as a director or officer. It is possible that the filing may trigger default or cross default provisions under contracts and other instruments to which your company is a party or otherwise subordinated.

With that respect, we request that you DO NOT TAKE ANY STEPS TO FILE FOR ANY LOCAL INSOLVENCY PROCEDURE UNTIL YOU HAVE NOTIFIED THE ENRON IN-HOUSE ATTORNEY WITH WHOM YOU NORMALLY WORK AND ALSO HAVE SPOKEN TO CHRIS MALLON (christopher.mallon@weil.com) OR MARGARITA COALE (margarita.coale@weil.com)OR RAM BURSHTINE (ram.burshtine@weil.com) AT WEIL, GOTSHAL & MANGES LLP,PHONE NUMBER: +713 546 5000).

**********NOTE**********
The information contained in this email message is intended only for use of the individual or entity named above.  If the reader of this message is not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited.  If you have received this communication in error, please immediately notify us by telephone (212-310-8000), and destroy the original message. Thank you.


I'll call you today


mark and carole,

please advise on this note from linda araujo.

thanks,

sb
----- Forwarded by Shirley Birch/EPSC/HOU/ECT on 05/30/2001 09:47 AM -----

	Linda_Araujo@IronMountain.Com
	05/30/2001 09:45 AM

		 To: Shirley.Birch@enron.com
		 cc: Carole.Rogers@enron.com
		 Subject: Enron to El Paso transfer

Shirley,

Regarding charges for permanent removal, we know nothing of the
negotiations between Enron and El Paso.  Therefore, from our side it will
be billed with the box (i.e. perm out charge billed to Enron account).

Linda Araujo


Daren,

This didn't help as I am unable to access any information on the file.

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 03/21/2001 04:36
PM ---------------------------
From: Vance L Taylor/ENRON@enronXgate on 03/21/2001 02:42 PM
To: Robert Cotten/HOU/ECT@ECT
cc: Melissa Graves/ENRON@enronXgate
Subject: April Wellhead Production Estimate

Bob,

Please see the attached file calculating an estimate of wellhead production
for the month of April, 2001.  Please be advised that this is a preliminary
estimate as I have yet to meet with the gas buyers and I have not received
any customer nominations.  Our pre-nom meeting is on tomorrow at 3:00 p.m.

Thanks,

vlt
x3-6353


Thank you for the information.  The links seem to be duplicates.  Let me know
if you meant to send another link for the product.  I'll call you after I
take a look.

Grigs


Kim-
This is true.  The master agreement would apply only in the event we would
be buying gas from Enron on a long-term basis.  Typically, Nova and ANG
would have your company assign the capacity to SMUD on their contracts.
Same with PGT on the capacity release mechanism.  Calvin

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, March 08, 2001 6:20 AM
To: cmiller@smud.org
Subject: Re:

Calvin,

I was thinking last night, if we were to come to terms on the pgt capacity
sale to you guys and you were willing to prepay, it wouldn't matter if we
had that master firm gas agreement in place.  Basically, you guys would
have the capacity, we would get paid upfront and everything wuld be done.

Kim


Eric, can you have someone fax to me a copy of the TCPL Cochrane shrink agreement and also the PC ( empress ) shrink agreement.  SPPC has asked me to help her figure out the deal she has and I need to refresh on paper issues. Don't know if there is a deal here or not?

Thanks, BT


Thanks for the update!  As for the margarita idea, I'm all over it!  Not just
for breakfast anymore!!  DF

Kathy Ringblom
06/30/2000 09:43 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject:

We won our motion yesterday to depose Conoco on the Rensvold documents
questions so it sounds like they will also depose Steve Gilbert about the
Imperial plant.  We're deposing the Enerfin rep today - hopefully we'll get
him to tie the terminated contracts to the wells that were under those
contracts (Conoco is now saying, "Well, how were they supposed to know what
wells were tied to what contracts" - duh) and possibly when Conoco took over
the accounting for the plant - we still haven't been able to locate an
invoice earlier than Jan. 1990.  Anyway, HOPE YOU FEEL BETTER SOON!!!!!  Try
a frozen margarita for a sore throat.  Works every time.


check voice mail message.  need GT&C to make this go.  ss
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/11/99 09:03
AM ---------------------------

Bernice Rodriguez
05/10/99 06:26 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Koch Chemical International

Sara,

Please advise the status of this deal.

Rod Nelson did confirm that deal should not reference a Master Agreement
since we do not have one with this entity.   I think I did give you a copy
last week.  Let's discuss when you have time.

Bernice


Enron,s United Way Campaign is quickly winding down.  With six days left in
the campaign, only 45% of ENA employees have participated in this year,s
campaign.  Since we are striving for 100% participation, these numbers are
disappointing to us.

Last year, Enron's company-wide participation level was 78% with several
business units achieving 100% participation.  However, ENA had the poorest
participation rate of all Enron companies at 56%.  Needless to say, we can do
better.  In fact, we must do better.

Our expectations are high and rightfully so.  The Greater Houston Area is
important to all Enron employees and the United Way is one of the best ways
to invest in building a stronger community for us all.

This is an important cause and Enron is recognized in Houston for our
efforts.  Additionally, ENA employees are some of the most highly compensated
employees at Enron with generous bonus and option programs.  Please consider
how your gift -- no matter how big or small -- can make a difference in our
community.

Please log on to http://unitedway.enron.com now to change lives right here in
our community.  It's fast and easy.  For questions about the campaign, please
contact Kathie Grabstald at 713-853-9610.

Thanks in advance for your generosity.

Mark, Dave and John


BL,

Have you experienced any blackouts yet?  I think you'll see a lot this summer.
What does everyone think about the situation?  Do they think it's a threat or
not?  I think
the state is in for a horrific summer - I hope it doesn't turn out that way,
but it'll be incredibly
difficult to avoid.

Hope everything's going well with work and with the family.  When's the next
time you'll
be in Dallas?  Let me know.

KR


Dear Vince

Thank you very much for the information.

I will get in touch with them today and will keep you informed as to the
outcome.

Regards,

Katja

Vince J Kaminski
06/01/2000 19:52
To: Katja Schilling/LON/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Credit Article

Katja,

RISK magazine has the copyright. You have to contact them to get the
permission to use this
for external users.

You can contact:

Sh?n Millie
Risk Books
28-29 Haymarket
London SW1Y 4RX
Pone: 44 (0)171 484 9740
Fax : 44 (0)171 484 9758
e-mail: shan@risk.co.uk
www.riskpublications.com

and discuss the legal aspects with her.

Vince

Vasant Shanbhogue
01/06/2000 08:28 AM
To: Katja Schilling/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Credit Article

I do not think minor changes would allow you to just use the same file.  You
will have to check with Risk.  This is Risk Books, a specialist division of
Risk Publications in London.  Address: Haymarket House, 28-29 Haymarket,
London SW1Y 4RX.

The publication was in a book, entitled "Credit Derivatives: Applications for
Risk Management, Investment and Portfolio Optimisation," publishd in 1998.  I
am not sure if a lawyer was involved, maybe Vince will know.

Vasant

Katja Schilling
01/05/2000 05:47 AM
To: Vasant Shanbhogue/HOU/ECT@ECT
cc: Bijoya Banerjea/LON/ECT@ECT
Subject: Credit Article

Hello Vasant!

Bijoya has updated me on the discussion you have been having on the article
from Risk Magazine about Credit.

We have found that the attachments you sent her are actually not
word-for-word the same as the published version we have - the changes are
only minor, wever, and have not altered the article in any way.

My question now concerns the copyrights. Since the version you sent is
slightly different, do you think this gives us the freedom to publish it
without the consent of Risk?

And if not - can you tell me if it was published by Risk UK or Risk in the
States? And which issue was it? I just want to have all of the details if I
need to call someone at the magazine ...

Also - was there a lawyer involved in the publication procedure, or was this
handled by London/Houston PR? Or by Vince himself?

Sorry about all of the questions ... I just want to avoid problems well in
advance.

Thank you!

Regards,

Katja


Paula,

Congratulations. Well deserved.

Vince


Sports Tickets The following tickets are available through the Signature Shop
for employees only - click here to order and have
Available! them delivered to your office location.

 1. Houston Hotshots vs. Utah Freezz, Saturday, November 4 at 7:00 p.m. in
the AstroArena, and tickets are only
 $24 per set.
 2. Houston Cougars vs. Louisville Cardinals, Saturday, November 18 at 2:30
p.m. at Robertson Stadium.
 Discounted tickets come in sets of two or four tickets for only $14 per
ticket.  Contact Greg Grissom
 at ext. 58741 with any questions.

Da Camera Da Camera of Houston, the acclaimed producer and presenter of
innovative ensemble music, continues its free
Free Performance lunchtime series, "A Little Day Music", with pianist Timothy
Hester at the Wortham Theater Center
 on Wednesday, November 1 at 12:00 p.m.  "A Little Day Music" concerts are
presented on the first Wednesday of every
 month free of charge, and Da Camera encourages concertgoers to bring and
enjoy their lunches while listening to the
 music.  For more information, contact Da Camera's Community Outreach
Department at 713-524-7601 ext. 15.

Dino Dash Race! Lace up your "hi-ceratops" for the Houston Museum of Natural
Science Annual Dino Dash Race on Saturday,
 November 4 in Hermann Park!  The 5K Fun Run/Walk begins at 7:45 a.m. and the
children's 1K non-competitive run
 is at 8:45 a.m.  Children are encouraged to dress in their favorite dinosaur
costumes. Participants receive t-shirts,
 a free admission ticket to the Museum and discount coupons for the IMAX and
more!  For more information, call
 713-639-4797 or log onto www.hmns.org.

Nutcracker Come shop and support the talented Houston Ballet!  The Houston
Ballet Guild's 20th Annual Nutcracker Market will
Market be held at the Astrohall Novemeber 9-12.  Merchants from around the
country will showcase row after row of
 gifts for your early holiday shopping, so beat the crowd and join in on the
Early Bird Power Shopping on Saturday,
 November 11 from 8:00 a.m. to 10:00 a.m.  Tickets are $25 dollars each and
parking is complimentary.  For ticket
 information call 713-535-3231 or email nutcrackermarket@houstonballet.org.

Chinese Paintings Are you an art lover?  Come to the Continental Center I
Gallery (Continental Building, 1600 Smith, 2nd floor) and enjoy
Show Chengyi Li, an artist from China, and his selection of personal works of
Chinese art.  The exhibit will run from October 30
 to December 1. Enron employees receive a 10% discount on the artist's works.
 For more information, contact
 Maggie Li at ext. 56011 or click here for a preview!

Enron Kids Holiday Come participate with Enron Kids, a program that helps
provide books and equipment for schools in need.  Sponsor a
Fun student or team up with co-workers or your department to provide a bag
full of holiday cheer to an HISD Burrus
 Elementary student!  A shopping committee can shop for you if your schedule
does not give you the time.  Sign-ups
 are:
 November 14, 16, 17:  11:00 a.m. - 1:00 p.m. in the Enron Building lobby
 November 15:           11:00 a.m. - 1:00 p.m. in 3AC 601
 November 15:             11:00 a.m. - 1:00 p.m. in Jefferson Bldg. Ground
Floor Conference Room

 Gift drop-offs will be on December 4-8, and the holiday party for Enron Kids
will be at Burrus Elementary on Thursday,
 December 14, with transportation available to sponsors.  For more
information, contact Geneva Davis at ext. 35517
 or Lesli Campbell at ext. 35983.

Breast Cancer  October is National Breast Cancer Awareness Month, so help
this effort to fight breast cancer by visiting
Awareness Month http://health.yahoo.com.  Yahoo will donate $1 to fight
breast cancer every time you visit their home page and click
 on the pink ribbon on the left side of the page.

Fun at the  Join Rob Walls, Enron's Managing Director & Deputy General
Counsel, as a volunteer at the Brookwood Community's
Carnival 15th Anniversary Celebration on November 4!  The Brookwood Community
is a non-profit, educational, residential
 work facility for adultswith functional disabilities. Volunteers are needed
to help the staff with games, food booths,
 karaoke and face painting, as well as event set-up and tear down.  If you're
interested, contact Sylvia Patton at
 281-375-2100 or visit www.brookwoodcommunity.org.

Arena Initiatives Get excited about the new arena in town!  If you are
interested in volunteering or assisting with various arena
 activities in the upcoming months, contact Laurel Boatright at ext. 35097
for more information.

Mammograms M.D. Anderson will be here the week of November 13-17 to
administer mammograms.  Call 713-745-4000 to
Available schedule an appointment.  Cost is $15 for employees, spouses,
retirees and EDS; $16 if donating to The Rose (an
 organization that provides free mammograms for low-income women); $75 for
contractors.

Weight Watchers Weight Watchers @ Work is gearing up for another session!
Cost is $169 for 16 weeks, and space is limited to
at Work the first 50 employees who register via email to Bryan Blake.
Classes start November 8 and meet every Wednesday
 at 11:45 a.m.  An email confirmation of your enrollment will be sent on
October 30.

As of the end of October, the Enron Matching Gifts program has already
matched, dollar for dollar, more than $1.86 million this
fiscal year to the causes that Enron employees believe in and support!


Guys, FYI - Ben, can you follow up with this person with our interest or lack
thereof whichever is applicable.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/05/2000
10:54 AM ---------------------------

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           12/04/2000 12:08 PM

To: David W Delainey/HOU/ECT@ECT
cc: Kay Chapman/HOU/ECT@ECT
Subject: Gas turbine availability

David, I believe this should have been addressed to you.  Please advise if it
should be forwarded elsewhere.  Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 12/04/2000
11:55 AM ---------------------------

JMisteli@aol.com on 12/04/2000 10:23:06 AM
To: jeff.skilling@enron.com
cc:

Subject: Gas turbine availability

????????????????????????????????????????????????????????????????????????????
?????????????12/4/00
Dear Mr Skilling,
Attached is a letter concerning gas turbine power plants which could be
operational next summer.
Sincerely,
John A. Misteli
 - GT Lttr HC4-2A E Mail.doc


So are you not talking to me anymore or something?  I emailed once and called
twice in the past week and a half  and haven't heard back from you?


The message that you sent was undeliverable to the following:
	catherine.liller@grpw5.lcra.org (user not found)

Possibly truncated original message follows:

Content-Transfer-Encoding: quoted-printable
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From: "Love, Phillip M." <Phillip.M.Love@enron.com>
To: <plove@houston.rr.com>
Cc: "\"Catherine liller (E-mail)" <catherine.liller@lcra.org>,        "\"Jason <jmjaked (E-mail)" <jmjaked@mindspring.com>,        "\"Scott <wax (E-mail)" <wax@ghg.net>,        "\"tarek <tarm27 (E-mail)" <tarm27@texas.net>,        "Andrea <AndreaB (E-mail)" <AndreaB@mullinconsulting.com>,


Lets talk tomorrow about the whole basket of TW issues, including this one.
thanks. df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/20/2001
10:30 PM ---------------------------
From: Jeffery Fawcett/ENRON@enronxgate on 03/20/2001 04:48 PM
To: Lorraine Lindberg/Enron@enronXgate, Steven Harris/ET&S/Enron@ENRON, Kevin
Hyatt/ENRON@enronxgate, Susan Scott/ENRON@enronXgate, Drew
Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON
cc:

Subject: U.S. Gypsum request for capacity

I fielded a call today from Mr. Rob Cooper of U.S. Gypsum.  Mr. Cooper
indicated that he's been in contact with Lorraine for purposes of acquiring
Red Rock expansion capacity.  Moreover, Mr. Cooper has been in contact with
SoCal Gas in order that SoCal Gas recognize firm deliveries from Transwestern
at Needles in excess of the current (sustainable) limit of 750 MMcf/d.

Mr. Cooper insists that he is making progress with SoCal Gas aimed at lifting
the 750 window to 760, and that SoCal Gas has indicated U.S. Gypsum would be
entitled to an exclusive right to the increased amount.   While trying not to
be argumentative, I told Mr. Cooper that if SoCal Gas was willing to set
aside a discrete increment of capacity for a single shipper, it would be a
radical departure from current SoCal Gas policy.  Currently, SoCal Gas does
not provide unbundled intrastate transmission.  They have only accepted or
not accepted pipeline nominations, as the case may be, as an aggregate
volume, with no distinction being drawn on who the upstream shippers were.

I set about to try to explain that there is no correlation (other than
coincidental timing) between (1) TW discussions with SoCal Gas at raising the
capacity window at Needles and (2) TW's effort to sell Red Rock Expansion
space.  In addition, I attempted to explain that TW feels it will be required
to follow certain rules pursuant to its tariff and FERC policy associated
with making new delivery point capacity available on a non-discriminatory
basis.  With respect to this issue, I told Mr. Cooper that, although we're
currently discussing it, we'd yet to come to any decision on how, if
incremental capacity does become available at Needles, TW would make such
delivery point capacity available to its shippers.

Mr. Cooper then proceeded to launch into a diatribe about how, if that's the
case, then "he's wasted 3 weeks in active negotiations" with both SoCal Gas
and TW aimed at securing capacity at Needles.  He said on several occasions
that "end game" for him was to secure a firm portal from the interstate
system onto and through the SoCal Gas system.  Mr. Cooper also expressed a
concern that if he's forced into a competitive bidding situation with other
big marketing companies (in his words, "such as ENA") for Needles capacity,
then he probably couldn't compete, and once again, would be left on the
outside looking in.  He pointed to the El Paso Merchant deal on EPNG as a
prime example.

Mr. Cooper said he wasn't ready to accept my explanation as to why TW
couldn't commit to offering U.S. Gypsum an exclusive right to any incremental
Needles capacity, and asked that I formally "run it up the flagpole" to
senior management and get back with him by telephone with TW's "official
position."   As an editorial comment, I'm not sure Mr. Cooper completely
understands (or cares about) the landscape here.  I'd go so far as to say
that from his style and the tone of his conversation with me, he won't easily
take "no" or even a "maybe" as an answer.   The difficulty for TW is going to
be in trying to persuade him that we're interested in his business and
sympathize with his position, but that we face real legal and/or regulatory
issues here, and they cannot be dismissed or ignored by U.S. Gypsum or any
other customer.

I'd like to be in a position to call him back on Friday and give him TW's
"official position" on his request for Needles service in the Red Rock
expansion.  Thoughts?  Suggestions?  Help?


Find attached the EGM Management Summary and Hot List as of 12/7.  Please
contact me if you have any questions/comments.

Thanks,
Jeff
(39859)

---------------------- Forwarded by Jeff Smith/HOU/ECT on 12/08/2000 02:45 PM
---------------------------

Patricia Anderson
12/08/2000 01:45 PM
To: Jeff Smith/HOU/ECT@ECT
cc:
Subject: 12/07 Mgmt Summary & Hot List

For distribution

Thanks,
Patricia


Start Date: 4/20/01; HourAhead hour: 20;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042020.txt


This is that silly Bin Laden video that I was telling you about yesterday.  Call me later.

Subject:	This is great

This is a flash w/ sound, so turn down the speakers a bit and watch.  Funny
funny.

http://www.madblast.com/oska/humor_bin.swf
<http://www.madblast.com/oska/humor_bin.swf>


Although a final order is not yet available, we were able to glean the basic content of the Commission's latest refund order from the discussion had at the Commission meeting this morning.   It appears that the Commission has not strayed far from Judge Wagner's recommendations, which came out of the settlement conference ordered by FERC.  Highlights include:

In California, refunds/offsets apply only to spot transactions in CAISO and CalPX, and only as of October 2.

Both public and non-public utilities are subject to refund.

It appears that the refund methodology will be similar to that of the June 19 Order, as refined by Judge Wagner.

Daily spot gas prices will be utilized in the methodology.

A 10% creditworthiness premium will be added.

An evidentiary hearing will be ordered to collect the data needed for the methodology;  it is our understanding that the CAISO will have 15 days to provide certain information and the Judge must certify the record in 45 days.

A separate preliminary evidentiary hearing will be ordered to consider Pacific Northwest refunds.  It was briefly described as consisting of an information gathering proceeding of 15 days, followed by an evidentiary proceeding of 30 days.  The Judge would then have an additional 7 days to report to the Commission.  An issue will be the definition of "spot" transaction for the Pac NW, since counsel to the Commission noted that it could differ from the spot definition for California.

We are awaiting the final order and will update this report as soon as it issues.

RA


HI Kay

Your new password is "houston"


Assuming you go forward with the concept of reimbursing the banks, I have the
following comments:

(a)(i) This should be reviewed by Tax. TIAs are highly negotiated.  Use of
language in 2.13 of the revolvers may work here?

(a)(ii) I will prepare a rider re: capital adequacy rather than reserves.

(a)(iii)  This should be deleted.

I have a number of riders for the following paragraph.  In addition, language
from 2.13 of the revolvers should be incorporated -- see the exclusions. I
will prepare a rider.

(b) should be replaced with 2.10(d) of the revolver.  I will prepare a rider.

2.10(e) of the revolver should be added -- capping tax payments.

(c) The indemn should be replaced with "foregoing".

Could any added tax costs realistically be incurred under the ISDA?  Is there
any market thought about reserves and derivatives?

From: Brian Kerrigan on 09/20/2000 10:01 AM
To: Sara Shackleton/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Mary
Cook/HOU/ECT@ECT
cc:
Subject: Enron - RBC Gas Swap

Attached is the language I received regarding increased costs.  I would like
to determine this morning if this language is acceptable to Enron.

---------------------- Forwarded by Brian Kerrigan/HOU/ECT on 09/20/2000
09:57 AM ---------------------------

"Ruth Schonfeld" <Ruth.Schonfeld@macleoddixon.com> on 09/20/2000 12:54:47 AM
To: <Dpef@blakes.com>, <Wbn@blakes.com>, <soma.gosh@encron.com>,
<brian.kerrigan@enron.com>, <greg.johnstone@enron.com>,
<peter.keohane@enron.com>, <Jimmckee@macleoddixon.com>,
<Blair.fleming@royalbank.com>, <ian.mcarthur@royalbank.com>
cc:
Subject: Enron - RBC Gas Swap

Attached for your review is a draft clause dealing with increased costs.  The
writer used a Blakes precedent as a starting point for this draft.

 - MACLEOD-.DOC


Did you hear Candy is moving to Holland?  She looked great.  I didn't know
she was married until I saw her.  She seems happy.

Sounds like Ben found a good head hunter.  It can be hard to get positive
after being in that environment.

Kay


Susan,  Attached the revised net book value letters.  The numbers have
increased. Also they are now specified quarterly.


If it is the one I am thinking of it does.  I haven't seen one for a few
months.

Pat,  Will you make sure Robert sends one to me via email.

Thanks
Gary
---------------------- Forwarded by Gary A Hanks/HOU/ECT on 06/29/2000 08:54
AM ---------------------------

Daren J Farmer
06/28/2000 07:59 PM
To: Gary A Hanks/HOU/ECT@ECT
cc:
Subject: Re: Industrials

Gary,

Does the workhseet mentioned below assist you with the monthly operations
related to the industrial customers?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/28/2000
07:57 PM ---------------------------
To: Pat Clynes/Corp/Enron@ENRON
cc: Daren J Farmer/HOU/ECT@ECT, Gary A Hanks/HOU/ECT@ECT
Subject: Re: Industrials

 First of the month  industrials are coming along fine.  I will finalize my
pathing tomorrow, Thursday,  and set up buybacks and swings by the
    end of day Friday.

     The industrial "Buyback & Deficiency Deals" worksheet  has captured the
necessary data to help Gas Control & the on-call scheduler as well as
      myself and Client Services.
      I  will have a preliminary worksheet done by the end of day Friday.

      I am on vacation during the week of July 5th thru July 10th.

	Enron North America Corp.

	From:  Pat Clynes @ ENRON                           06/28/2000 12:45 PM

To: Robert E Lloyd/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT
Subject: Re: Industrials

Robert,
How do we look on the industrial deadlines?  Please let me know.   Thanks,
Pat

Daren J Farmer@ECT
06/28/2000 11:19 AM
To: Pat Clynes/Corp/Enron@ENRON
cc:

Subject: Industrials

When will the buybacks and swings be set up for July?  I am a little
concerned with the long weekend coming up.  I believe that we agreed that
these would be set up by the 3rd work day, which would be Friday the 7th.
(Six days of flow.)  I definitely don't think that we should any later.  It
would be great if this could be handled sooner, miimizing our economic impact.

Additionally, we need to get the Industrial spreadsheet up and running
again.  This report is very beneficial to Gas Control, industrial traders and
schedulers on call.

Let me know what you think.

D


Attached are the latest documents.  The Transaction Agreement was split into two separate agreements.


Is this on target?


As always, when we have a juicy topic, anyone on your  staffs that you think
would benefit from this are invited to attend.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 10/25/2000
01:49 PM ---------------------------

	From:  Drew Fossum                           10/25/2000 01:49 PM

To: Dari Dornan/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON, Kathy
Ringblom/ET&S/Enron@ENRON
cc: Michael Moran/ET&S/Enron@ENRON, Kim Wilkie/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, John Dushinske/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON

Subject: Electric Developments

When we originally decided to use my staff meetings for "graduate education"
one of the hot topics was the electric industry.  We all had a first lesson
on this topic in Shelley's electricity seminar last summer.  Now, John and
Kevin have graciously agreed to join us Tuesday at 1:30 to discuss recent
developments in electric markets and NN's and TW's efforts to attract power
generation load to the system.  Specific topics I hope to cover include the
following:
1.  What are the key factors that determine where a power plant developer
puts his plant?
2.  Do the transmission access and pricing rules of the various
utilities/power pools vary all that much or are Order 888 tariffs pretty much
the same all over?
3.  How do IPPs decide what fuel supply strategy works best (i.e., buy
bundled delivered fuel from someone vs. buy gas, storage, transport, etc.
separately)?
4.  What is the RTO Rule and why should we care?
5.  Has $5/mmbtu gas killed the gas fired power market?
 Depending on how deeply we get into these topics, we may need to schedule a
follow-up session at a later date.  I look forward to seeing you on Tuesday.
DF


Please respond to PennFuture
PennFuture's E-cubed is a commentary biweekly email  publication concerning the current themes and trends in the energy market.

July 16, 2001
Vol. 3, No. 13
Market Lessons from 2000

School's still out for summer, but just as the new and improved  Federal Energy Regulatory Commission (FERC) issued a watershed RTO decision last  week which could lead to substantial expansion of PJM into the Northeast, PJM's  State of the Market Report 2000 contains some interesting information and  lessons for us.
After the California experience demonized spot electricity  markets, it would surprise many that PJM's 2000 spot energy market was a  bargain. Spot prices in 2000 were below $30.00 per megawatt-hour (MWh), or three  cents per kilowatt-hour (kWh), 70.88 percent of the hours in the year. The  single highest hourly price was $810 per MWh or 81 cents per kWh, but prices  reached or exceeded $200 per MWh during only 13 hours in the entire year  (download charts on our website by typing www.pennfuture.org/items/hourlypricecharts_71601.pdf  in your browser). By contrast, California experienced spot  prices that often exceeded $200 per MWh for most of the last 12 months.
Authored by the PJM Market Monitoring Unit - but likely reviewed  and edited by top PJM management - the Report delivered to FERC concludes that  all of the markets operated by PJM were "reasonably competitive." It cautions,  however, that,
"there are potential threats to competition in the energy,  capacity and regulation markets that require ongoing scrutiny and in some cases  may require action in order to maintain competition. Market participants do  possess some ability to exercise market power under certain conditions in PJM  markets."
In order to maintain and improve the functioning of the PJM  markets, the Report recommends:

Retention of the $1000/MWh bid cap in the PJM energy market  and investigation of other rule changes to reduce incentives to exercise  market power.
Retention of the $100/mw bid cap in the PJM regulation market.
Evaluation of additional actions to increase demand-side  responsiveness to price in both energy and capacity markets.
Modification of incentives in the capacity market to require  all Load Serving Entities (LSEs) to meet their obligations to serve load on a  longer-term basis, and require all capacity resources to be offered on a  comparable longer-term basis.

The Report uses several analytical methods to reach these  recommendations and conclusions, including looking at the net revenue for  generation from all sources, the increase in bid amount over marginal cost,  market concentration (as measured using the HHI index), and lastly an analysis  of the resulting prices.

See Spot go to market
Perhaps the Report's most intriguing  information on price trends concerns the spot energy market, where average  prices declined by 9.81 percent from 1999 levels. Driven by lower peak prices in  the most expensive 100 hours of the year, the average locational marginal price  (LMP) in 2000 was $30.72 per MWh (3.072 cents per kWh), falling from the 1999  average of $34.06 per MWh (3.406 cents per kWh). This average price decline in  the spot market was more significant because it occurred even though fuel costs  were sharply higher in 2000. Indeed, the average fuel-adjusted LMP in 2000  declined to $24.78 per MWh, or 27.25 percent from the 1999 price of $34.06 per  MWh.
And when one compares 2000 spot market prices to competitive  future prices for the year 2000 and to 1996 regulated rates for generation, it  becomes clear that spot market prices in 2000 were significantly lower than 2000  future contracts. Even with appropriate price adjustments to facilitate  comparison, they were also much lower than 1996 regulated residential generation  rates for all hours charged by Pennsylvania's six major electric utilities,  which ranged from about $51 dollars to $85 dollars per MWh, or 5.1 to 8.5 cents  per kWh.
The lesson
Spot market prices, which received so much bad  publicity as a result of the California fiasco, can be a bargain and customers  who are able to manage their demand to reduce or avoid the hours of high spot  prices can reap major savings by purchasing electricity from the spot  market.
In fact, spot market prices in 2000 were below most of  Pennsylvania's shopping credits or "prices to compare." That's saying something,  since the shopping credits in turn are as much as 4.0 cents per kWh less than  the 1996 regulated rate for just generation paid by customers to the monopoly  utilities.
But?
Since spot market prices in 2000 were well below both  the 1996 generation rate paid to monopolies and the much lower shopping credits,  why were energy suppliers increasingly unable to offer electricity at prices  below the shopping credits?
ICAP pricing and reliance by electricity suppliers on higher  priced future or forward market contracts supply most of the answer.
The spot market gives a good indication of what the forward  markets should be under typical circumstances. As the data below indicate, the  average spot market price for all market locations in 2000 was $30.72/MWh,  almost 10 percent less than during 1999, and more than 27 percent lower upon  adjusting for higher year 2000 fuel prices.
			  PJM Load-Weighted Average LMP ($/MWh)
  	  1999 	  2000 	  Change
  Average LMP 	  34.06 	  30.72 	  -9.81%
  Median LMP 	  19.02 	  20.51 	  7.83%
  Standard Deviation 	  91.49 	  28.38 	  -68.98%

  Average Fuel Adjusted LMP 	  34.06 	  24.78 	  -27.25%
  Median Fuel Adjusted LMP 	  19.02 	  16.80 	  -11.67%
  Standard Deviation 	  91.49 	  22.04 	  -75.91%

While the dramatically lower standard deviation in 2000 indicates  that prices were much less volatile than in 1999, there remained a substantial  gap between average and median prices, indicating that extreme prices during a  small number of hours continued to substantially skew overall average prices.
Grading on a curve
The PJM 2000 price duration curves,  measuring the percent of time prices were at or below a particular level, tell  an interesting story. As one would expect with higher fuel prices, especially  for natural gas, the general trend was for prices to be slightly higher during  periods where natural gas was the marginal fuel. For approximately 99 percent of  all hours, 2000 energy prices were more expensive than in 1999. Yet, with  relatively low peak demand, the price for the most expensive 1 percent of demand  during 2000 was considerably lower in 2000 than in 1999, accounting for the  entire 9.81 percent average reduction in 2000 prices from 1999. If not  for the reduced prices for the most expensive 1 percent of demand, overall  prices for 2000 likely would have risen approximately 18 percent over 1999, due  largely to higher fuel costs.
For these reasons, the Report recommendation to "evaluate"  additional actions to increase demand-side responsiveness is SEVERELY  understated. PJM and all consumers have an essential interest in implementing  demand-side response programs to the maximum economic level, with dramatic  implications for saving individual consumers money, improving system  reliability, keeping market prices lower for everyone, and improving market  competitiveness.
Can everyone say I-C-A-P?
So with the lower wholesale  energy prices and plenty of supply, why did the retail market sputter?
Installed capacity (ICAP) price increases are a partial  explanation. In addition to energy, the controversial charge for ICAP is the  other significant cost born by electricity consumers within PJM. ICAP represents  a call option on physical generation resources by PJM during system emergencies.  All LSEs are required to purchase an amount of installed capacity equivalent to  their customer's peak load contribution plus an adequate reserve margin,  currently 19 percent. But although it exists for reliability purposes, PJM  curtailed the export of energy outside PJM from PJM-committed installed capacity  on only one day during 2000.
Logically, the price for installed capacity, like the price of  energy, might have been expected to decrease during 2000. Yet that didn't occur.  As energy prices decreased within PJM, they remained high or continued to  increase in surrounding control areas. Higher prices in the surrounding markets  led some generation owners to de-list their generation committed to PJM in order  to sell out to other control areas without the risk of being curtailed by PJM.  The result was an increase in ICAP prices from an average of $52.86 in 1999 to  $60.55 in 2000. The increase was concentrated over the summer with prices in the  daily markets rising to $177 or more for most of June, July and August. The  increase in ICAP prices raised the cost of supplying many retail customers by  about 1 cent per kWh. The Market Monitoring Unit concluded that the price spikes  over the summer months were a direct result of the opportunity cost associated  with the prices in neighboring control areas.
But the Report's finding that the ICAP market was "reasonably  competitive" seems inconsistent with PJM's conclusion last year that the 2000  ICAP market performed so poorly that it needed a major overhaul. This  inconsistency raises questions about the reasonableness of that portion of the  2000 Report or giving the 2000 ICAP market the PJM seal of approval.
PJM has invested substantial time and resources since last summer  in an extensive stakeholder process to revise its ICAP rules, especially  concerning the allocation of deficiency revenues and the interval over which  ICAP is purchased. But since the "reformed" ICAP market began operating only  recently on July 1, 2001, it's too soon to know whether it is functioning well  or competitively. We remain skeptical that the PJM prescription cures the  disease, or is merely life support for a dying program.

See Spot offer lower prices
Apart from the ICAP market, the  differing prices in forward and spot markets provide substantial explanations  for why electricity suppliers have found it easy to beat the 1996 regulated  generation rate for most utilities but difficult or even impossible to beat the  lower shopping credits. (Shopping credit = 1996 regulated generation rate -  stranded generation cost). Prior to the 2000 summer season, prices in the  forward markets, before anyone knew how mild the weather was going to be,  substantially reflected the high-priced experience of 1999. Because of the high  prices in 1999, energy that was purchased through forward markets - about 82  percent of all energy - was considerably more expensive than the spot prices  turned out to be. Since customers often prefer to lock in a price in advance,  competitive suppliers generally didn't want to provide fixed prices below the  retail shopping credits. If suppliers had relied on the spot market, they could  have offered lower prices. Also, customers who can reduce or shift demand may  well benefit from purchasing more power from the spot market.

Recent developments
Both in the East and West coast markets  this week, electricity in daily trading has been near its low for the 52-week  period. Several developments are pushing down the price of wholesale  electricity. Mild weather, falling gas prices, new generation coming online,  increasing demand response and conservation as well as a FERC which understands  that competition must exist prior to price deregulation, are all pushing prices  lower. Moreover, forward market prices for 2002 within PJM are beginning to fall  and are under downward price pressure.
The new downward trend in forward markets partially results from  moderate prices this summer, even during high demand periods, with prices  generally staying under $150 MWh/$0.15 kWh. A good example of this was July 10,  a relatively hot day with significant demand, which saw prices reach $150 per  MWh for one hour but average $62.78 per MWh for all on-peak hours.
What's driving forward prices lower?

More efficient generation being installed (below 8000 btu/kWh  as opposed to 11000 btu/kWh).
More ICAP in the market (new capacity estimated at over 4000  MW with load growth at only 1.5 percent or 1000 MW).
More demand-responsive load in the form of 300 additional MW  of Active Load Management.
The addition of PJM West slated for 2002, with lower prices  generally.
Lower natural gas prices - falling from $4.0561 /mmBtu in July  2000 to $3.29/mmBtu as of July 12, 2001.

This good news, which suggests that retail customers in late 2001  or 2002 may again see retail competitive offers below the Pennsylvania shopping  credits, must be weighed against the troubled ICAP market. ICAP remains an  anachronism. ICAP prices have not returned to competitive levels and remain one  of the significant obstacles to serving retail customers. The forward prices for  ICAP alone have remained above 10 percent of the typical shopping credit.
Yet even in the world of ICAP there is hope. ICAP prices may be  beginning to soften in the face of a substantial amount of new generation that  is coming online and increased demand response from customers. PJM has  instituted both an emergency and an economic demand-response program, through  which more customers can respond to prices and reduce the price that all  customers pay for electricity.
Tomorrow's homework
The State of the Market Report contains  plenty of data which confirms that PJM is the country's best-run independent  system operator and best (though still flawed) wholesale market. Prices in the  spot energy market were well below 1996 regulated generation rates, even with  appropriate adjustments. But none of this warrants complacency. Only when PJM  becomes the first market to give consumers the tools they need to change their  demand for electricity, will the wholesale and retail markets within PJM be  FULLY, as opposed to "reasonably," competitive.
A link to download (in .pdf) the PJM MMU Report can be found on  the Internet at: http://www.pjm.com/market_monitoring/reports.html .

E-cubed is available for reprint in  newspapers and other publications. Authors are available for print or  broadcast.
PennFuture (www.pennfuture.org ), with  offices in Harrisburg, Philadelphia and Pittsburgh, is a statewide public  interest membership organization, which advances policies to protect and improve  the state's environment and economy. PennFuture's activities include litigating  cases before regulatory bodies and in local, state and federal courts,  advocating and advancing
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 - vol3no13_71601.doc


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 05/25/2000 12:39 PM -----

	Gaurav Babbar
	05/22/2000 02:05 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Elizabeth Sager/HOU/ECT@ECT
		 Subject: documentation

Carol,

I am sorry if did not send this to you earlier, but please find attached a
copy of the insurance policy, draft product description, and draft on-line
auction instructions.

Let me know if you need any other information.

Regards

Gaurav Babbar.


This beaver had a super night of drinking and forgot his hardhat at work the
next day

 - safety first.jpg


Jeff, I assume that you are doing Lydecker, Maffitt and Detmering's review.

thanks
Dave


It is my sincere honor to once again lead the Enron team in this year's Juvenile Diabetes Research Foundation (JDRF) Walk scheduled to take place on Sunday, October 28th, at Greenspoint Mall.  I continue to serve on the board of JDRF representing Enron and will be Enron's corporate executive for this year's fundraising efforts.

As many of you may already know, I am an insulin dependent diabetic myself.  Even though I know how difficult this disease can be to manage with the multiple finger pricks for blood samples and several shots each day, I cannot imagine how difficult it is for a small child with this disease.  Taking insulin does not cure the disease nor prevent the development of complications; insulin is simply their life support system and without it they would die.

Enron continues to be a major corporate sponsor for JDRF again this year.  JDRF is a very efficient organization in which approximately 85% of all money raised goes directly to research.  Enron's goal this year is to raise $400,000 and we need your help.  Enron has been the number 1 walk team for 6 years in a row and we are not ready to give up first place!  We need team leaders, walkers and volunteers to help us reach our goal.  The theme for the walk this year is "Mission: Possible" and we would like to have you join us for this great event.  The Walk is truly a blast and we had about 600 Enron people participate last year and everyone enjoyed it.

If you are interested in volunteering to be a walker or a team leader, or if you would like to make a pledge, you may call any of the steering committee members listed below.  If you are interested in being a team leader, please contact one of the following people immediately so that you may be included in the first important and informative training session taking place this week.  In addition, you may go to cr.enron.com and sign up as a volunteer online if you prefer.

Thank you very much for your support.

Mike McConnell

Steering Committee Members:
Cathy Phillips	X36898
Angela Sprock	X36335
Jennifer Milligan	X35272
Janice Riedel	X37507
Debbie Yates	X35305
Kendra Dromgoole	X58981


I feel so useless.  Thanks so much for taking charge of this and doing such a
fantastic job.  Are you in close contact with Martin and Doug?