Hey Jason,

How are you DaDragon?  I'm doing great.  I emailed you with this account
and datiger12@hotmail.com but your hotmail account kept rejecting my
accounts.  I think you put a block on them.  Anyway, that's great to hear
that you have a great job at Enron.  Is that in Houston right?  If it is,
maybe we can go out for a drink or something?  I know a few places to go
hehehe.

Stocks are bad right now so I don't mess around with them.  Don't assume
that these companies are at rock bottom simply because they are so
low.  They could go lower.  I would wait until things clear up.

Aight, I'll check with you later.  Nice to hear from you again.

Minh

On Thu, 29 Mar 2001 Jason.Wolfe@enron.com wrote:

> DaTiger,
>
> Are you still around, answering email on this account? I can't remember
> your hotmail account.
> Was it DaTiger12? I am at Enron, working in Energy Trading. What are you up
> to?
> Write back dude, and give me some good stock picks now that my Ameritrade
> account is up.
>
> Jason
>
>

DaTiger

HAVE A NICE DAY!

Bye :)


please forward to everyone in our group.
---------------------- Forwarded by Scott Neal/HOU/ECT on 10/30/2000 03:55 PM
---------------------------

Eric Thode@ENRON
10/30/2000 02:55 PM
To: Airam Arteaga/HOU/ECT@ECT, Felecia Russell/Corp/Enron@ENRON, Kimberly
Brown/HOU/ECT@ECT, Laura Harder/Corp/Enron@Enron, Becky Young/NA/Enron@Enron,
Ina Rangel/HOU/ECT@ECT, Crystal Blair/HOU/ECT@ECT, Eloy
Escobar/Corp/Enron@ENRON, Heather Choate/HOU/ECT@ECT, Daniel
Quezada/Corp/Enron@Enron, Brandee Jackson/NA/Enron@ENRON, Alex
Saldana/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT, Kevin G Moore/HOU/ECT@ECT,
Elizabeth Soto/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT
Subject: Fllor Meeting with Jeff Skilling

Attached is a memo from Jeff Skilling, which should be distributed via e-mail
and/or hard copy to all employees on EB 32.  Please distribute to the
employees in your group and encourage them to attend.

It announces a floor meeting on Wednesday, November 1 from 3:30 pm to 4:30
pm.  Jeff Skilling will be there to share information about Enron and to
answer questions from employees.  The location for this meeting is near EB
3273A.

If you have any questions, please call me at ext. 3-9053.


I'll be happy to accomodate.  I can take you through Enron's view of how
markets overall are evolving and how we approach those markets.  I'd also
like to spend some time reviewing interstate transmission policy and how it
affects Western energy markets.

"Steve Reynolds" <SREYNO@state.wy.us> on 05/23/2001 09:40:11 AM
To: <skean@enron.com>
cc: <sland@enron.com>

Subject: Wyoming Energy Commission subject

Steve, it was great to meet you and hear your remarks yesterday.  For the
speaking engagement next Wednesday, I would like you to focus upon the Enron
strategic model of virtual integration of market forces in the evolution of
energy development.  Wyoming represents a huge material resource base and the
commission is charged with the development and promotion of such.  But the
Governor's message is that we cannot see ourselves as producers and exporters
in the traditional sense.  We will continue to have the status of a colony if
we do not recognize the new dynamics of how these market places are
evolving.  If you set the stage with a presentation of Enron strategy, then
we will discuss how a state, with its agencies and auathority can play a role
in this evolution.  I have set your time for 45 minutes, which can include a
short Qand A period.  But your message can be as succint as you can make it
and get the point across.  You may have to present the Enron case a number of
different ways, but the Governor will give you latitude to make the point.
You will be welcome to participate in a following panel which will address
role playing by the state and the commission.  Plan to join us for lunch.  If
you need more detail, let me know.  Thanks!  Stephen


The GD article today regarding the proposed decision is a pretty good Readers
Digest version of the order.  Susan and I spoke with Jeff Dasovich and Mark
Baldwin yesterday, and the consensus of those conversations was that
Transwestern should remain involved in this proceeding only for purposes of
implementation/documentation.  Jeff offered that he might send a letter to
Governor Gray's office expressing both dismay and indignation that the CPUC
didn't complete their task and warning of the adverse outcome to California
ratepayers if these more modest reforms are approved.  He may ask the other
Comprehensive Settlement parties to join in signing the letter.  Susan, Mark
and I spoke about this idea later, and we've got some reservations about TW's
role in admonishing the CPUC.   We should probably wait to see this letter
first before committing to anything.

Bilas draft cautious toward SoCal competition
Mindful of the current chaos over energy markets in the state, California
Public Utilities
Commissioner Richard Bilas has recommended the adoption of a much more
moderate
approach to promoting competition on Southern California Gas, (SoCal) system.
In his draft decision, Bilas advised the commission to reject the unbundling
of intrastate
transmission and instead approve the first settlement filed in the case, the
less far-reaching
Interim Settlement (IS), submitted in December 1999. SoCal, San Diego Gas and
Electric and
other parties filed two more settlements after the IS, reaching a
comprehensive agreement in
April this year.

But since then, gas and power prices skyrocketed in the state, prompting a
consumer
backlash and giving competition a bad name.  The draft language notes that
the first interim
settlement was supported by more customer groups than the later agreements.
Recent events &lead us to conclude that the centerpiece of this
investigation, the unbundling
of intrastate transmission and the implementation of a system of firm,
tradable intrastate transmission rights, should be delayed,8 according to the
draft order.  &This unbundling is the basis of the [comprehensive settlement]
and we cannot approve it. We do not, however, wish to commit to paralysis
until 2006, as the [post-interim settlement] would have us do. Accordingly,
we believe Californians are better served at this juncture by the adoption,
with modifications, of the IS.8

The biggest change to the IS in the draft is the rejection of an automatic
capacity expansion
by SoCal at Wheeler Ridge, Calif., with rolled-in rates if certain criteria
are met.  El Paso
Energy had objected to the provision in the IS that would have allowed SoCal
to automatically
expand capacity at Wheeler Ridge by 100 million cfd if a certain number of
curtailments oc-curred.
El Paso objected to forcing all shippers to pay for the expansion at Wheeler
when only certain customers would benefit.
The draft says SoCal can file a separate application for the Wheeler Ridge
expansion, but approval would be conditioned on a traditional hearing process.

The draft decision would also:
 End SoCal,s current &windowing8 process, which limits shippers, ability to
change nominations
for deliveries between receipt points on the system. It is replaced with an
announced
daily calculation of capacity available at each receipt point;
 Establish Hector Road as a formal receipt point for nominations;
 Institute an operational flow order (OFO) procedure. Provides a forum for
more changes
in OFO procedures if excessive OFOs are made;
 Set up &pools8 of gas on the SoCal transmission system that are intended to
increase the
liquidity of gas trading;
 Make changes to balancing rules, while retaining the current 10% monthly
imbalance
tolerance;
 Make SoCal,s own gas acquisition unit subject to the same balancing rules
and penalties
as all other shippers;
 Allow some limited imbalances trading, as well as the right to assign and
reassign unbundled
storage contract in a secondary market, with a SoCal electronic bulletin
board set up
for it;
 Unbundle from core transportation rates the storage capacity cost exceeding
that required
for core minimum reliability; and
 Provide for rate recovery of up to $3.5 million in implementation costs.

In addition, the draft would unbundle core interstate transportation from
rates, eliminate
core contribution to noncore interstate transition cost surcharges, eliminate
the core subscription
option as well as the caps for core aggregation programs.  The threshold for
participating in
core aggregation is reduced, and billing options are offered to core
aggregators.

Bilas, draft also warned that the commission may come back in two years to
open another
investigation into gas competition, taking into account any changes in market
conditions.
Bilas gave a little more insight into his decision in the text of the draft.
&The cost of gas as a commodity has vastly increased at the border, showing a
differential
between the basin and border prices that is more than the cost of transport
and related services;
we question whether there will be an opportunity for discounting by marketers
if more competition is allowed,8
Bilas wrote in the draft decision.  &With half the state already committed to
a
restructured competitive natural gas industry, it suddenly seems as if the
benefits of such re-
structuring to enhance competition are speculative, particularly at this
time.  With one leg in the
water, the current has switched direction and it will be difficult, if not
foolhardy, to reach our
goals by forging ahead.

&We choose to take a cautious approach again,8 the draft continues. &Rather
than proceeding
to unbundle transmission in Southern California now, we approve, with
modifications, the settle-
ment suggesting smaller steps towards a competitive market. Additionally, we
unbundle core
interstate transmission and once again urge the Legislature to pass consumer
protection legisla-
tion aimed at unregulated marketers while we facilitate growth in core
aggregation programs.8
The CPUC would not rule out the unbundling of intrastate transmission and
other restruc-
turing in the future &but believe that at this point in time the certain
benefits do not outweigh
the costs to most ratepayers.8

All drafts must be filed 30 days before the meetings at which they will be
discussed. The
draft decision is currently on the agenda for the CPUC,s Dec. 21 meeting.


Brent - does this mean Tana should not allow any non-Argentine customers to
have access to these products?  The general rule has been to allow complete
access unless there was a legal impediment - logic regarding who will want to
trade what doesn't seem to enter into it.

	Tana Jones
	10/20/2000 09:49 AM

		 To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
		 cc:
		 Subject: Re: EOL Products - Argentina

----- Forwarded by Tana Jones/HOU/ECT on 10/20/2000 09:49 AM -----

	Lisa Lees
	10/20/2000 09:42 AM

		 To: Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Products - Argentina

fyi
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/20/2000 09:27 AM
---------------------------

Dale Neuner
10/20/2000 08:54 AM
To: Lynn Aven/NA/Enron@ENRON
cc: Lisa Lees/HOU/ECT@ECT
Subject: Re: EOL Products - Argentina

Enron America de Sur S.A. is the enron entity set up to trade on EOL; Lisa
Lees will manage the external customer access.

Lynn Aven@ENRON
10/19/2000 04:26 PM
To: Dale Neuner/HOU/ECT@ECT
cc: Jeff Blumenthal@ENRON_DEVELOPMENT
Subject: EOL Products - Argentina

Dale:

I spoke with Jeff Bluementhal earlier today and wanted to confirm the parties
that should be approved for trading Argentine.  The Enron party that should
execute Argentine physical gas deals should be Enron America de Sur S.A.  It
should be noted that all counterparties for this product should be Argentine
entities.

Regards

Lynn


i vote for ruggles at enron field.


Attached is the PSEG MTM.  I show a value of $46,526,527 for the Jan. 02 forward deals, as of last night.

Thanks,

Errol


Michelle - After getting your message regarding the waiver, and discussing it with Hector McLoughlin, I've added some language to the original letter.

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Tuesday, November 13, 2001 4:03 PM
To:	Mayes, Fran; Bosien, Teresa
Cc:	Butcher, Sharon; Sullivan, Kriste; Palmer, Lizzette
Subject:	Letter to Rescind Offer

Attached is a proposed letter to use when rescinding an offer of employment.  I have consolidated drafts done by Fran Mayes and Terry Bosien.  If you have other forms that you think work better, please send them our way. I think it will be useful to work from the same document across Enron.

Please note that each situation should be handled consistently with others in similar circumstances, and that special care should be taken for those who have quit prior jobs, relocated, or are in precarious visa situations.

Michelle << File: 5929mhc.doc >>


thanks Andy

Beth

-----Original Message-----
From: Zipper, Andy [mailto:Andy.Zipper@enron.com]
Sent: Friday, November 16, 2001 1:02 PM
To: beth@angelflightsc.org
Subject: RE: insurance

no problem. I just received my copy of the new policy with AIG and will
send you proof.

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Sally
I do not believe this attachment came through with my previos e-mail.
Tom

 - Example letter Sally risk offsite.doc


Cara,  When you get a minute today, can you give me a call...  I want to get your thoughts on the current state of the pre-schedule workspace app.  I had hoped to visit with you in Portland, however, the trip was obviously canceled...

Thanks,  Steve


Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From: 	Mann, Kay
Sent:	Thursday, May 31, 2001 4:04 PM
To:	Rorschach, Reagan; Fairley, David; Kroll, Heather
Cc:	drhunt@watervalley.net; gbojp@netdoor.com
Subject:	Energy Management Agreement

Good afternoon,

I am circulating a draft of the long term agreement for your review. There are still holes, but hopefully it sets out the basic commercial deal.

Please note that  we are anticipating a Monday meeting.  Therefore, we have sent this out without the usual internal review.

We hope to have a set of exhibits shortly.

Talk to you soon,

Kay


----- Forwarded by Ricardo Charvel/NA/Enron on 02/21/2001 04:50 PM -----

	Ricardo Charvel
	02/21/2001 04:47 PM

		 To: Richard Shapiro/NA/Enron
		 cc:
		 Subject: Ken Lay in Cancun

Rick,

Ken Lay is going to be the Co-Chair of the Mexico Meeting of the World
Economic Forum to be held in Cancun on Feb. 26 and 27.  Rob Bradley asked me
to prepare information and some talking points.  I drafted a presentation
which apparently Ken Lay liked when we met with him on Feb. 9th.  Rob worked
on making the wording better and came up with a final version of the talking
points.

Rob handed me the responsibility of assisting Ken Lay at Cancun and Rosalee
suggested that I be there personally.  I will be flying out on Sunday at noon
and returning to Mexico on Tuesday late at night.

I am attaching the agenda for the event, the power point presentation and the
talking points in word.

Talking points                       Slides

Lay's Participation       Agenda

Rick, I could not thank you properly for your support since at the time of
your call I was not alone.  Kikumi and I are very grateful for your support
and kindness.

Thank you again,

Ricardo


Hi Lee,

Just wanted to check to see if you will be around tomorrow.  I'm trying to
get things lined up on multiple fronts, and all roads lead to you.

Thanks,

Kay


HELP!


thanks for looking.  when you leaving?  congratz on being the spokesperson.
if you ever want to compare notes, just let me know.


Crude 24X7 WTI Marketing Effort

Trade Count:
	302	Trades
	14.3	Millions of Barrels
	15	Counterparties Transacting Today
	30	Counterparties Transacting to Date
	761	Millions of Barrels Traded YTD

Comments:
. 81 Trades and 3.7 Million Barrels were traded over the weekend by 6 counterparties.

NOTE: The EnronOnline Volumes on the NYMEX comparison chart are multiplied by 10 in order to be in scale with the NYMEX volumes. This chart is for trend analysis only and does not represent absolute figures.

<Embedded Microsoft Excel Chart>
<Embedded Microsoft Excel Chart>
<Embedded Microsoft Excel Chart>
<Embedded Microsoft Excel Chart>


Tana:

Okay to execute.

Thanks,

Leslie
----- Forwarded by Leslie Hansen/HOU/ECT on 08/01/2000 09:22 AM -----

	David Forster@ENRON
	07/31/2000 12:05 PM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc:
		 Subject: Re: Allegheny Energy ETA

Looks good. I will approve hardcopy of this.

Dave

Leslie Hansen@ECT
07/31/2000 11:58 AM
To: David Forster/Corp/Enron@ENRON
cc: Tana Jones/HOU/ECT@ECT

Subject: Re: Allegheny Energy ETA

Dave:

Attached please find the ETA letter I prepared for Allegheny Energy.  Please
review and approve.  Let me know if you have any questions.

Leslie


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
02/01/99 09:51 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  trials@optioninvestor.com (Option Investor Newsletter     Trials)
                      01/28/99 08:52 PM

Please respond to trials@optioninvestor.com
To: Option Investor Newsletter Trials <trials@optioninvestor.com>
cc:  (bcc: Mark - ECT Legal Taylor/HOU/ECT)
Subject: Thursday Option Investor Newsletter 1 of 2

The Option Investor Newsletter         Thursday  1-28-99
Copyright 1999, All rights reserved.
Redistribution in any form strictly prohibited.

Posted online for subscribers at http://WWW.OPTIONINVESTOR.COM

Also provided as a service to The Online Investor Advantage

Published three times weekly, Sunday, Tuesday, Thursday evenings.
************************************************************
MARKET WRAP  (view in courier font for table alignment)
************************************************************
        1-28-98         High     Low     Volume   Advances Decline
DOW     9281.33 + 81.10 9301.15  9203.57  850,761k  1,552   1,423
Nasdaq  2477.34 + 70.20 2477.47  2438.26 1018,400k  2,067   1,933
S&P-100  632.23 + 10.88  632.95   621.35   Totals   3,619   3,356
S&P-500 1265.37 + 22.20 1266.32  1243.17            51.9%   48.1%
$RUT     423.97 +  2.85  424.19   421.13
$TRAN   3078/33 - 10.77 3114.27  3059.52
VIX       28.61 -  2.75   30.51    28.40
Put/Call Ratio      .51
*************************************************************

What happened to Brazil? Did Intel or Yahoo buy it?

From the 180 degree change in market sentiment we had today you
would think that Brazil was taken over by an Internet stock.
The Intel split announcement and the Yahoo announcement of it's
takeover of GeoCities energized the market and revitalized the
tech sector. Brazil was hardly even mentioned in the days news
after they reported on the maturity date changes before the
market opened.

On top of the blooming optimism at the open Alan Greenspan
actually blessed the Internet sector during a testimony in
Washington. He said basically that he thought investors were
viewing Internet stocks as "lottery ticket" plays were the
odds were much better. He pointed out that analysis of future
earnings and growth was actually culling the good plays from
the bad ones. He said that historically investors often buy
on faith companies that they anticipate to do well before any
actual earnings exist and the Internet sector is no different.

When you consider that there are 68,000 new Internet surfers
coming online every day it just makes sense that the only
five year old Internet will continue to grow at an exponential
rate. With that user growth the leaders will quickly amass
larger audiences while the smaller less efficient providers
will either fall by the wayside or be taken over. Free enterprise
is a wonderful thing and tends to continually prune itself of
excesses and reward hard work and innovation. Enough preaching
but did you know that of the 31 analysts that follow AOL, 28
either recommend a buy or strong buy, even at these prices!!

The Nasdaq was the clear winner again today, setting a new
closing high. The leaders were the four horsemen, MSFT +5.38,
INTC +4.44, DELL +5.38, CSCO +5.44. Most of the Internets
were up double digits again and show no signs of stopping.
I would remind you that Internets have been weak on Fridays
of late as traders take profits from the week.

The Dow was led today by the same stocks that took it down
yesterday. JPM +4.31, C +1.69, T +4.63, MO +2.25, GE +1.94.

Contrary to news hype the Dow traded in exactly the same range
as it traded yesterday only without the end of day drop.
The 9250-9300 range only provided a positive day today due
to the -70 drop at the close yesterday. The market did not
"get well" over night. It just recovered from the spike
caused by two sell programs at the close. Check out a chart!

I really hate to keep coming back to this but the advance/decline
ratio only barely broke even today. The NYSE adv/decl 1552/1423
was only positive by 129 and the Nasdaq 2067/1933 was positive
by 134. This is definitely not a major move and not a major
reversal of the down trend. This could be the start of a new
uptrend but the proof is in Friday's numbers.

I got some hate mail for being somewhat cautious (bearish) in
last nights commentary. When the market had fallen from a +90
high to only +30 at 2:30 this afternoon I was really worried
that the caution was justified and it looked like we could
close negative for the day. I don't feel like a word of
caution after a bad day is particularly bearish but until
Brazil resolves it's problems I believe it bears watching.
When your life savings is invested in the market it is sheer
stupidity not to watch anything that can cause problems. You
would not ignore a rattlesnake in your closet just because
you can't see it today. Eventually it will come out and
probably when you least expect it.

Friday is a wildcard. Futures are up +2.00 and it looks
bullet proof but I know Murphy's law is alive and well.
About the only thing you can count on for tomorrow is more
volatility. It would not surprise me to see techs suffer
from profit taking. Whenever a stock is up double digits
for the week it is a prime candidate.

Good Luck

Jim Brown

*******************************************************
Market Posture
*******************************************************
As of Market Close - Thursday, January 28, 1999

                   Key Support
Broad Market         /Resistance    Last    Posture/Since  Alert
****************************************************************

DOW Industrials    9,100   9,730   9,281    Neutral   1.15
SPX S&P 500        1,210   1,280   1,265    Neutral   1.12
OEX S&P 100          600     635     632    Neutral   1.12
RUT Russell 2000     420     435     424    Neutral   1.12

NDX NASD 100       1,900   2,010   2,105    BULLISH   1.26
MSH High Tech        930     980   1,021    BULLISH   1.26

                   Key Support
Technology           /Resistance    Last    Posture/Since  Alert
****************************************************************
XCI Hardware         830     875     934    BULLISH   1.26
CWX Software         610     665     677    BULLISH   1.26
SOX Semiconductor    360     410     406    Neutral   1.8
NWX Networking       420     450     446    Neutral   1.8
INX Internet         470     570     564    Neutral   1.8

                   Key Support
Financial            /Resistance    Last    Posture/Since  Alert
****************************************************************
BIX Banking          650     710     645    BEARISH   1.22
XBD Brokerage        630     725     689    Neutral   1.14
IUX Insurance        590     620     574    BEARISH   1.21

                   Key Support
Other                /Resistance    Last    Posture/Since  Alert
****************************************************************
RLX Retail           800     860     866    BULLISH   1.28 *
DRG Drug             740     795     776    Neutral   1.26
HCX Healthcare       720     780     762    Neutral   1.26
XAL Airline          310     350     293    BEARISH   1.22
OIX Oil & Gas        245     260     229    BEARISH   1.14

Posture Alert

A positive showing from the equity market has firmed the
bullish bias driven by M&A activity, decent earnings results,
favorable economic data, and a stock split from AOL and
Intel.  After advancing and closing into record territory, we
have turned Bullish across the Retail.  We caution investors,
however, that the current rally has been driven by a few
blue-chip companies and that several key industry sectors are
still trading at or below their 50-day moving averages including
Banking, Insurance, Airlines and Oil & Gas.

A detailed description of our Market Posture and its
applications can be found at:

www.optioninvestor.com/marketposture

******************************************************
Market Sentiment - By Pinnacle Capital Advisors
******************************************************
Percent Bearish Below 30%

According to Investors Intelligence readings, the percentage of
those who are bearish is now only 28.2%.  Investors Intelligence
publishes the percentage of newsletter writers who are "Bullish"
or "bearish" on a weekly basis.  When pessimism evaporates, the
market may be nearly a correction. This is significant because
such a low number of bears suggests that much of the available
capital is ALREADY invested and very little remains to fuel
additional market advances.

Just by way of benchmark, the percent of "bears" back on July 17,
1998 clocked in at 23.3% - just days before the start of a major
sell-off.

Other sentiment indicators are still flashing BEARISH
overtones over the near-term so we advise subscribers to
tightly protect their long positions.
Any questions regarding market sentiment can be directed at:
pinnacle@optioninvestor.com

Market Sentiment at a Glance
********************************************************************
                                Friday      Tues     Thurs
Indicator                       (1/22)     (1/26)   (1/28)   Alert
********************************************************************

Pinnacle Index (OEX):
-----------------------------------------------------------------
Overhead Resistance (620-635)     1.4        1.9        1.7
Underlying Support  (595-610)     1.3        1.3        1.4

Put/Call Ratios:
-----------------------------------------------------------------
CBOE Total P/C Ratio               .5         .5         .5
CBOE Equity P/C Ratio              .4         .4         .4   *
OEX P/C Ratio                     1.2        1.1        1.1

Peak Open Interest (OEX):
-----------------------------------------------------------------
Puts                              610        610        610
Calls                             610        610        610
P/C Ratio                         .9         .9         1.19

Market Volatility Index (VIX):
-----------------------------------------------------------------
CBOE VIX                         32.85      29.35     28.61   *

Investors Intelligence:
-----------------------------------------------------------------
Bullish                          60.0%      60.0%     60.7%   *
Bearish                          30.0%      30.0%     28.2%   *

The Power of Expectation Analysis

It has often been said that the crowd is right during the
market trends but wrong at both ends.  Measuring and
evaluating the sentiment of the crowd, therefore, can give
savvy option traders a decided edge.

Pinnacle Index
-----------------------------------------------------------------
OEX                             Friday     Tues     Thurs
Benchmark                       (1/22)     (1/26)   (1/28)
-----------------------------------------------------------------

                    (630-635)      2.7        3.2      3.4
                    (620-625)      1.1        1.3      1.1
Overhead Resistance (620-635)      1.4        1.9      1.7

OEX Close                       610.38     627.17   632.23

Underlying Support  (595-610)      1.3        1.3      1.4
                    (605-610)      1.0        1.0      1.1
                    (595-600)      1.9        1.9      1.9

Average ratings:
Resistance levels 2.0 / Support .5

What the Pinnacle Index is telling us:
Overhead sentiment resistance is Moderately weak at the OEX
620/635 level while the underlying support is moderately weak.

Put/Call Ratio (10-Day Moving Average)
-----------------------------------------------------------------
                                Friday     Tues      Thurs
Strike/Contracts                (1/22)     (1/26)    (1/28)
-----------------------------------------------------------------
CBOE Total P/C Ratio              .53        .54        .53
CBOE Equity P/C Ratio             .40        .42        .41
OEX P/C Ratio                    1.15       1.13       1.06

Peak Open Interest (OEX)
-----------------------------------------------------------------
                     Friday         Tues           Thurs
Strike/Contracts     (1/22)         (1/26)         (1/28)
-----------------------------------------------------------------
Puts                 610 / 11,153   610 / 10,675   610 / 11,645
Calls                610 / 11,865   610 / 10,926   610 / 10,683
Put/Call Ratio       .94            .98            1.19

Volatility Index (VIX)
-----------------------------------------------------------------
                    Major
Date                Turning Point       VIX
-----------------------------------------------------------------
October 97          Bottom              54.60
July 20, 1998       Top                 16.88
October 8, 1998     Bottom              60.63
January 11, 1998    Top                 26.38

January 22, 1999                        32.85
January 26, 1999                        29.35   *
January 28, 1999                        28.61   *

Investors Intelligence Survey
-----------------------------------------------------------------
                    Major             Percent     Percent
Date                Turning Point     Bullish     Bearish
-----------------------------------------------------------------
October 97          Bottom            22.0        48.3
July 20, 1998       Top               52.0        24.0
October 8, 1998     Bottom            38.5        42.7
January 11, 1999    Top ?             58.3        30.0

January 26, 1999                      60.7        28.2   *

Please view this in COURIER 10 font for alignment
*****************************************************
RESULTS THIS WEEK

Index Last       Mon   Tue    Wed    Thu   Week
Dow       9281 82.65 121.26 -124.4   81.1 160.66
Nasdq     2477 30.43  64.10 -26.27   70.2 138.46
$OEX       632  5.68  11.11  -5.82  10.88  21.85
$SPX      1265  8.79  18.33  -9.14   22.2  40.18
$RUT       424 -0.33   3.22  -4.21   2.85   1.53
$TRAN     3078 49.17  26.47 -50.34 -10.77  14.53
$VIX        29 -0.82  -1.18   2.51  -2.75

Stock Price   Mon   Tue   Wed   Thu   Week

AOL     174.44  5.56  8.86 10.50  8.94 33.86 Another 2:1 split on schedule
MSFT    174.00  5.63  9.69 -2.94  5.38 17.76 Dip buying en masse
SEPR    111.75  2.25  2.50 -2.00  9.50 12.25 Reaction to LLY's Prozac #s??
SUNW    109.31  3.06  5.56 -1.19  3.88 11.31 Dip buying en masse
DELL     94.19  1.88  3.63  0.00  5.69 11.20 Time for a pullback
BBY      90.44  3.63  3.63  2.13  1.81 11.20 Time for a pullback
LXK     110.31  4.88  3.88  1.31  1.00 11.07 Ditto
VOD     197.63  3.25  2.88  0.13  4.00 10.26 Looking very strong
NOK/A   154.00 -0.56  1.38 -0.13  8.75  9.44 Split Candidate with Earnings
EMC     106.88  3.50 -0.25  0.06  5.06  8.37 Internet storage gorilla
CEN      80.38  2.38  3.06  1.50  1.38  8.32 On a split run
CVC      70.50  2.13  1.31  1.57  2.63  7.62 New pick
CLX     121.69  1.43  2.57  0.81  2.50  7.31 New pick,Defensive play
CSCO    108.88  0.63  3.69 -3.69  5.44  6.07 Split Candidate on Monday
XLNX     83.50 -1.06  5.44 -2.75  3.69  5.32 Dip buying en masse
WCOM     79.88  2.81  0.25 -0.38  2.31  4.99 At resistance.
MU       75.25 -1.50  2.88 -0.38  3.75  4.75 Influenced by INTC excitement
ORCL     53.69  1.19  1.81 -1.88  2.69  3.81 Dip buying en masse
ANF      73.00  2.13  2.06 -0.19 -0.75  3.25 Consolidating
DH       63.06  0.31  0.63  2.13  0.06  3.13 Great showing Wednesday
WMT      85.13  0.00  1.56  1.63 -0.06  3.13 Slow and sure
XIRC     45.00 -0.06  0.38  1.56  1.13  3.01 Gaining momentum
VIA/B    85.00  0.44 -0.88  1.00  2.13  2.69 Gaining momentum
SNC      40.25  1.19  0.56  0.06  0.69  2.50 Consolidating
UTX     116.94  1.25  1.44 -1.38  1.06  2.37 Dow bull rider

PUTS

AVP      35.63  0.00 -1.13  0.13 -0.94 -1.94 Breaking down
DD       52.69  0.44 -0.88 -0.75 -0.44 -1.63 Breaking down again
BKB      36.31 -0.50 -0.38 -1.19  0.75 -1.32 Leaking
AMR      54.50  0.38  0.25 -2.69  1.31 -0.75 Losing altitude
BAC      64.88 -0.38  0.25 -2.81  2.75 -0.19 Leaking
AVT      44.81 -0.75  1.38 -1.31  0.56 -0.12 Continued weakness
AXP     100.44  3.00  0.25 -2.31  1.00  1.94 Continued weakness
PHSYB    70.38  1.75 -0.56 -0.44  1.50  2.25
PG       87.81 -1.69  1.94  0.75  1.50  2.50 On the edge
BDX      36.31  1.94  0.56  0.25 -0.19  2.56 Selloff still intact
CPB      47.00  1.25 -1.44  2.00  0.88  2.69 Soups getting cold
MRK     142.44 -1.50  6.50 -0.25 -1.31  3.44 Dropped
WLA      72.13 -0.44  1.63  3.13 -0.13  4.19 Dropped
HSY      63.94  2.50  0.00  0.44  2.00  4.94 Dropped

PICKS WE DROPPED
****************
When we drop a pick it doesn't mean we are recommending a sell
on that play. Many dropped picks go on to be very profitable.
We drop a pick because something happened to change its
profile. News, price, direction, etc. We drop it because we
don't want anyone else starting a new play at that time.
We have hundreds of new readers with each issue who are
unfamiliar with the previous history for that pick and we
want them to look at any current pick as a valid play.

CALLS:
******

None

PUTS:
******

HSY - $64.00 2.00 (5.50) Stopped out of position at $62.25
today (1/28).

MRK - $142.50 -1.25 (3.50) Stop out of position on Wednesday
(1/27) on drug stock rally at $145.25.

WLA - $72.13 -.13 (4.13). Stopped out of position at $72.25 on
Wednesday (1/27) on drug sector rally.

PICK NEWS - CALLS
*******************************************************
EMC $106.88 +5.06 (+8.38) EMC set a new high today and closed
near the high.  The positive press just continues to roll in.
There was an article by The Motely Fool yesterday that is worth
reading if you trade EMC.  Some of the highlights of the
article are that EMC's market share in the data storage market
has grown from 28% to 32% while IBM's has decreased from 24% to
20%.  The Internet and E-commerce should continue to drive
EMC's sales, as 8 of the 10 largest Internet service providers
already use EMC storage systems.  Also in the news today,
Gruntal & Co. started coverage on EMC with a buy rating.

ORCL $53.69 +2.69 (+3.81) ORCL set a new high today, and closed
slightly below its old high.  In the news, ORCL's Japanese
subsidiary priced it initial public offering today.  It is
expected to be one of Japan's hottest IPOs in many months.
Like many US IPOs, it is expected to soar on the day of its
debut.  ORCL's ownership in the company will fall from 91% to
85% after the public offering.  The other news item that is
probably helping ORCL a little is Informix, the No. 5 maker of
database software, announced better than expected earnings.
(which is likely to raise expectations for ORCL).

UTX $116.94 +1.06 (+2.38) UTX set a new 52 week high at $118.75
after the open on Wednesday, and has traded down since then.
As we have said on numerous occasions, with the lack of news,
UTX will mirror the Dow.  In fact, if you look at its daily
chart from today you will see what we mean.  UTX took a dip
shortly after noon and recovered towards the close.  We haven't
had any news on UTX, but the Street did like the announcement
last week about UTX deciding to sell its underperforming
automotive unit.

MU $75.13 +3.63 (+4.63) Micron was off slightly yesterday, but
today it gapped up at the open and kept on going.  We said on
Tuesday that while Micron's current quarter ends in February,
and earnings won't be released until sometime in March, the
stock will react to any news on other chip stocks in the
meantime.  Most of the sector is in the middle of earnings
releases.  A 2-for-1 stock split by chip sector leader Intel
can only be positive for the other chip stocks.  Look for MU
to continue moving higher in sympathy.

NOKA $152.75 +7.50 (+8.19) Nokia saw a nice jump in its stock
price today ahead of tomorrow morning's earnings report. If
you sold this afternoon, you locked in your profits and you
can jump back in tomorrow if the numbers look good and/or
they announce a split.  Those who held over should note that
earnings will be reported before the NYSE opening bell, so the
stock will gap up or down accordingly.  Rival Ericsson just
reported strong earnings and received an upgrade.  Nokia has
been looking even stronger than Ericsson in recent months, so
we are hoping for big news in the morning.

WMT $85.44 +.25 (+3.44) The King of retailers is back to its
old ways--a slow but steady climb in price, which is why we
picked them up again. WMT is sitting just below the intra-day
high it set on Tuesday of $85.94, which is it's only resistance.
WMT had a 389,000 share block trade Wednesday at $84.00. This
is both a momentum play and a split candidate (which we would
expect with earnings).

BBY $90.44 +1.81 (+11.19) Best Buy keeps powering ever higher,
today setting a new intra-day high of $91.94. BBY seems to have
found a successful retail formula, and they sell what consumers
want most these days: technology products. Everything is
increasing for this company: total number of stores, same store
sales, market share, profit margins, and stock price. Higher
selling and administrative costs also showed up on their last
quarterly report, but they were part of an effort to improve
performance and increase volume. The only thing that declined
was their interest expense, and that is very positive. Sales
for most of the holiday period will show up in the current
quarter, so there is probably still good news yet to come.

DELL Computer $94.19 +5.69 (+11.19)  We often note that
volume is critical to sustained price moves, and bemoan
Dell a bit on its lighter volume.  Fortunately, trading
volume swelled yesterday and today to 23 million and 21
million shares, respectively; average is 17.5 million.
Dell traded flat yesterday, but was up $5.69 today to a new
all-time high.  There is still room to run as Dell blasted
through resistance with no immediate end in site.  Protect
your profits with stops and confirm direction first before
playing. Earnings are scheduled after the close, February
16.

CSCO - Cisco Systems $108.88 +5.48 (+6.07)  Cisco was
wholloped yesterday into the $103 range, but made it all
back, and then some, today on strong volume.  NASDAQ is on
a tear with CSCO as the 3rd highest weighted stock in the
NASDAQ 100.  Market willing, expect further advances into
earnings.  CSCO is also a split candidate with enough
shares authorized to announce a 3:2 split along with
earnings scheduled for release on February 2.  The run has
begun.  Dips are buyable.  Confirm upward movement first
and use stops to protect your profits.

AOL - America Online $174.75 +9.25 (+34.27)  Same league as
Microsoft.  AOL announced $0.17 earnings yesterday, $0.03
better than estimates, and a 2:1 stock split (effective
February 22).  Volume swelled to almost 20 million shares,
both yesterday and today, sending AOL into orbit.  Buying
pressure is still on as AOL closed at a new all-time high.
Resistance is weak at $176, its all-time trading high set
today just before the close.  AOL's new target price is
$210 and now occupies a top 10 position in the Fidelity
Magellan Fund.  With so much profit built in, remember to
use stops.  Dips are buyable.  Market permitting, the sky
is the limit.

WCOM - MCIWorldCom $79.88 +2.31 (+5.00)  Here we are again;
WCOM just can't seem to break resistance at $80.  Market
willing, it looks like we'll get another chance to crack it
tomorrow.  Wait for penetration of $80 with strong volume
before making a play.  Still benefiting from Supreme Court
ruling against the Baby Bells, WCOM is rumored to soon be
announcing the start of a new consumer Internet service,
different from UUNET, its business ISP.  In its acquisition
of MCI, WCOM was required to shed its consumer ISP
division, Cable and Wireless, in order to gain Federal
approval for the merger.  Dips are buyable, but wait for a
clear reversal.

MSFT - Microsoft $174.00 +5.38 (+17.75)  A nice surprise,
MSFT still wants to run following it's stellar earnings and
Monday's 2:1 split announcement (effective 3/26),
contingent upon shareholder approval.  We expected a
pullback, but not as small as the one we got.  After losing
less than $3 yesterday, MSFT closed today at a new all-time
high, just $0.06 off its highest trade on 53% higher than
average volume -- extremely bullish.  If the market
continues up, MSFT will too since they are the largest
component of the NASDAQ 100.  As always, confirm market
direction first [don't forget to use stops]

DH - Dayton Hudson $63.06 +0.06 (+3.12)  Slow and steady;
that's the way the parent company of Target Stores moves.
Volume was a little light today -- only 1.3 million shares
traded.  Yesterday, DH gave us a nice $2+ pop on 2 million
shares (2 million average).  70,000 shares traded at the
close yesterday at a price of $63, lending some support at
this price.  No news this week.  Look for small rises to
continue if the market cooperates.  1189 institutions own
89.5% of the 395 million shares in float leaving about 40
million shares in daily float to trade.  Translation:  not
many sellers; extra volume will tend to goose the price.
Dips are buyable on a reversal.  DH is a more conservative
play.

ANF $73.00 -0.75 (+3.25)  After the $4.19 run it made on
Monday and Tuesday, ANF was due for some profit taking.
Wednesday, it lost $0.19 to humor us.  Thursday, ANF
teeter-tottered back and forth between green and red for most
of the day but then finally decided to finish negative.
ANF seems to be consolidating before resuming its course.
Just to be sure, wait for ANF to show upward movement again
before initiating new positions.

SEPR $111.75 +9.50 (+12.25)  Geez, when we initiated coverage
of this pharmaceutical company on Tuesday, we planned on
seeing the stock gradually increase.  Instead, the stock
pleasantly surprised us by spiking up +$11.25 during Thursday
trading.  It even broke above the new 12 month price target
of $112 set by BancBoston Robertson just last Friday.  However,
it couldn't hold on and finished the day at $111.75.  The
uphill spurt may in part be due to news of improved sales of
Eli Lilly's depression drug named Prozac.  Lilly and Sepracor
are currently working on an improved version of Prozac (which
loses its patent protection sometime after 2001).  Set your
stop losses tight to prepare for any subsequent profit taking.

***** Play updates continued in section two *****

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I didn't go to the shipper meeting.  We sent Sean Boyle, he's an ex CNG guy
that works for us now.  You may have chatted with him at CNG/Sabine way back
when.  He's a combo physical/financial guy in our group.

My Dad's estate stuff is still hanging in the air.  No new news - I hope to
find out more next week.

Think I'll take half a day of vaca - later!

Tell Muffy I said hi!


PR01: 174
FOR IMMEDIATE RELEASE
04/26/2001

GOVERNOR DAVIS SIGNS EXECUTIVE ORDERS
TO PROVIDE POWER TO CALIFORNIA
SACRAMENTO
Governor Gray Davis has signed three executive orders to increase
stabilization, conservation and generation of power in California.
Executive Order D-34-01
Many numerous and complicated statutes, regulations, policies and procedures
are delaying deployment of the energy conservation funding outlined in SB 5X
and AB 29X signed by the Governor two weeks ago. Executive Order D-34-01 will
speed up implementation of the measures.
Together, the two bills provide over $850 million for energy conservation and
distributed generation programs designed to save over 2,000 megawatts this
summer. With the Executive Order, the Energy Commission will not have to go
through the cumbersome process of guideline adoption to approve funding. The
programs in the demand reduction program that will be streamlined included:
Public Agency Loans and Grants (ECAA);
Time-Of-Use and Real-Time Meters;
Municipal Program; and
Cool Roofs/Building Materials
Executive Order D-33-01
Governor Davis signed Executive Order D-33-01 to extend the conservation
rebate of the "20/20" program to the customers in the territory serviced by
the San Diego Gas and Electric Company. The program is designed to help the
state avoid the likelihood of blackouts this summer and reward consumers who
significantly conserve energy. In addition, it could save the state up to
$1.3 billion in power costs by reducing the amount of electricity the state
must buy during expensive summer peak periods.
Executive Order D-32-01
In Executive Order D-32-01, Governor Davis orders the transfer of funds from
the Energy Commission to the Department of Water Resources for implementation
of the power plant construction incentive program. Incentives will include:
$5,000 per megawatt (MW) of average electrical output on the first 100 MW and
$2,500 per MW for each MW above 100 MW, if brought on-line by July 1, 2001;
$4,000 per MW of average electrical output on the first 100 MW and $2,000 per
MW for each MW above 100 MW, if brought on-line between July 2, 2001 and
August 1, 2001; and
$3,000 per MW of average electrical output on the first 100 MW and $1,500 per
MW for each MW above 100 MW, if brought on-line between August 2, 2001 and
August 31, 2001.

Executive Order D-32-01

Executive Order D-33-01

Executive Order D-34-01

###

GOVERNOR GRAY DAVIS ?SACRAMENTO, CALIFORNIA 95814 ? (916) 445-2841


Thanks.

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Tuesday, January 29, 2002 3:33 PM
To:	Albrecht, Kristin
Subject:	FW: Job Inquiry

I think your resume looks good.  Brad called me today and they are definitely pulling together resumes.  He says send a resume, call or both.

Stacey

 -----Original Message-----
From: 	Brad.Mcdonald@dynegy.com@ENRON
Sent:	Monday, January 28, 2002 10:19 AM
To:	White, Stacey W.
Subject:	Re: Job Inquiry

Actually, it would be me.  Mike Mott, our Controller, has not started
considering candidates yet but I'm leading the recruiting effort once he's
ready to go.  Is this person willing to send her resume to me?  I'd gladly
take her call as well.

Brad McDonald
Manager - Talent Acquisition
Dynegy, Inc.
713/767-0647

                      "White, Stacey
                      W."                      To:       "Brad McDonald (E-mail)" <brad.mcdonald@dynegy.com>
                      <Stacey.W.White@e        cc:
                      nron.com>                Subject:  Job Inquiry

                      01/28/02 09:54 AM

Can you find out who in your HR would be a good contact for a job opening
previously held by Lou Casari?  I have a friend at Enron, my first boss,
who will probably be leaving the company, but does not want to leave
Houston if she does not have to.  She is very well qualified for a
management position, her resume should speak for itself.

Let me know.

Stacey

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at enron.messaging.administration@enron.com and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Elizabeth,

Yes, she referred Norberto to us. We had an informal interview
with him.

We would like to  invite him for a round of formal interviews later this week.
Please include me, Tanya Tamarchenko, Ted Murphy, Krishnarao Pinnamaneni,
Grant Masson.

I asked Liza to talk to you to set up formal arrangements with Enron
HR (a contract, fee schedule approval, etc.).

I shall ask you for help next week when we have more information:
several members of our group  from London will rotate through our Houston
office this summer. We shall need help in making living  arrangements,
including apartments, car, etc. Also, we have an employee from India
rotating through our group this summer. Please, let me know
who is the best person in HR to ask for assistance.

Vince

	From:  Elizabeth Grant                           05/05/2000 08:10 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Resume - Norberto Valdes

Vince,

Lisa Woods Ford (Independent Recruiter) tells me that she has referred this
resume to you.  Any interest in setting Norberto up for interviews?

- Elizabeth
---------------------- Forwarded by Elizabeth Grant/HOU/ECT on 05/05/2000
08:08 AM ---------------------------

nvaldes@txuenergy.com on 05/03/2000 09:32:29 AM
To: Elizabeth.grant@enron.com
cc:
Subject: Norberto's Resume

Dear Elizabeth
     Per our conversation here is Norberto's Resume. Thanks.
                              Lisa Ford
(See attached file: resumen 4.doc)

 - resumen 4.doc


Ashley -- here is a lease renewal letter.  Pumpkin is welcome to stay over at
your place.  In fact, if you or Deron need me to check in on her at any time,
walk her, etc., you really should not hesitate to call me (713-864-4960)!  I
love dogs and wish I could justify having one!


GE wants a letter outlining the structure of the deal (at the 10000 ft
level), who owns which companies, and who has payment obligations to them.
Could you draft a letter to that effect for my review?

Thanks,

Kay


<<Exhibits To Enron South America Turbine blk.doc>>  <<Exhibits to Gas
Turbine Purchase Agreement - without notations.DOC>>

Attached please find both a clean and blackline of the Exhibits to the
Enron South America Turbine Agreement.

Please be aware of the following:

1. Exhibits B-1 and H-2 need to be added.

2. Does Exhibit F need to be updated and revised before signing?

3. In Section 3.1 of Exhibit K, the terms "Specific Date" and
"Recovery Schedule" are not defined.

4. For Exhibit T, please confirm that Enron has received all
documents that it should have received by now.

 - Exhibits To Enron South America Turbine blk.doc
 - Exhibits to Gas Turbine Purchase Agreement - without notations.DOC


should I get tickets?


Susan and Sharon,

Attached for your review is the latest draft of the Master Agreement between
SITA and ECTRIC, as well as a blackline against the previous version.

Stephanie Panus


no plans for tues.  give me a call if you want to do something tues.  have
fun in b.r.


yeah - mike is entering all his deals now.

Kerri Thompson@ENRON
03/15/2001 01:18 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource checkout

missing deal for mike driscoll

buy duke
298.00
25 mw
june
midc


Title: Mexico's Natural Gas: Why Hasn't a Spot Market Developed?
URL: http://www20.cera.com/eprofile?u=35&m=2286
http://www20.cera.com/eprofile?u=35&m=2287

MEXICO'S NATURAL GAS: WHY HASN'T A SPOT MARKET DEVELOPED?
Current regulation allows Mexico to develop a transparent import and export spot market; however, despite the reform, Pemex continues to be the key player, not only supplying natural gas but also controlling sales contracts with most users. The key question is, why hasn't the spot market developed? Some of the reasons are:

* flaw in the current price methodology

* a lack of price transparency in transportation

* price deals offered by Pemex

**end**

Follow above URL for complete report.

E-mail Category: Insight
CERA Knowledge Area(s): Latin American Energy, Mexico Energy,

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Copyright 2001. Cambridge Energy Research Associates


http://www.reason.com/0106/fe.ml.power.html

http://www.reason.com/0106/fe.cl.electrifying.html - FEINSTEIN


Hi,
We're going to press on the forced ranking story. I  have a couple more
questions for you. If you can have answers to me by in the  morning, June 8,
I'd appreciate it...
?
thanks, Michelle
?
?
What does the room look like in one of these peer  review committee sessions.
Are the PRC's around a conference table, if so what  kind, cherry wood,
mahogany, etc. What's on the wall in these rooms?.? Are  there charts, etc??
Are the rankings on paper or on the wall? Does everyone  have a copy of the
rankings?and employee's paper work (ie the feedback  responses, etc.)
?
?
How many employees does one PRC rep represent  generally?
?
Tell me about some of the perks that Enron offers  its employees, ie
childcare, daycare, daycamp etc. On the day that I was there,  what was that
barbeque outing all about. Was that something that was company  sponsored? If
so, how often do you sponsor it?
?
Tell me about some of the awards the company has  received. (ie best
workplace, etc.)
?
These answers don't have to be long. Just give me  the basics...
?
?
thanks much, Michelle
?
?
?
Michelle McCalope
freelance writer
phone  (713) 781-1481
fax (713) 781-7874


I talked to Bill Williams and told him a quick (but not always perfect) way
to see if it is the correct CP is to select the CP and then click on the Deal
Clearing tab.  If there is a contract there or if you click on the arrow and
a number is there, we have a K with that entity and it is the correct CP.  If
it is blank under Global Contracts even after you click on the arrow, we do
not have a contract with that entity and you have probably chosen the wrong
CP.  I will also send him a list of entities we have Ks with, but he did not
want them to have to look at a list.  Its probably a learning curve but at
least this is a step in the right direction.  Let me know if you can think of
other ways to help them.

   Kate Symes                01/31/2001 12:02 PM

To: Rhonda L Denton/HOU/ECT@ECT
cc: Bill Williams III/PDX/ECT@ECT
Subject: Re: Incorrect Counterparties

I've received some feedback from the Real Time group regarding these
counterparty discrepancies. Apparently, they were never given notice of the
correct counterparty names, and chose what seemed to be the most logical
name. Can we come up with a system or master list of usable counterparty
names for these guys to refer to when faced with an array of choices? (i.e.
There are five different names under Transalta.)

The concern lies with our daily correction report, which I generate and which
includes all deals that have been changed and the name of the person who made
the "error." This report can weigh unfairly against a trader who may be
unaware of the difference between "Dynegy Marketing & Trade" and "Dynegy
Power Marketing." I feel like there has to be a more efficient way to avoid
these errors than publishing them in a report that gets sent throughout the
company.

If you could help me compile this master list, or direct me to someone who
can, I would greatly appreciate it.

Thanks,
Kate

Rhonda L Denton
01/30/2001 09:14 AM
To: Joe Errigo/Corp/Enron@Enron, Geir Solberg/PDX/ECT@ECT, Juan
Hernandez/Corp/Enron@ENRON, Leaf Harasin/PDX/ECT@ECT, Ryan
Slinger/PDX/ECT@ECT, David V Porter/PDX/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT

Subject: Incorrect Counterparties

I have changed the following deals b/c the selected CPs are incorrect.  Also,
please remember not to pick CPs in brackets as they are inactive.  Thank you
for your help.

507901 should be Allegheny Power, Transmission Business Unit
507842 should be Dynegy Power Marketing, Inc.
506767 should be NRG Power Marketing, Inc.
507900 should be PJM Interconnection LLC
506618 should beTransalta Energy Marketing (US) Inc.
506727 should beTransalta Energy Marketing (US) Inc.
506747 should beTransalta Energy Marketing (US) Inc.


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Per the note that you should have received from Carrie, we might have to
make it a bratwurst at Volcano's this Friday.

We might have to put Gerald in a helmet....

Ryan F. Ruppert
West Texas Geoscience
US West Production Company
ExxonMobil Corporation
P: 713.431.1839
F: 713.431.1510
ryan.ruppert@exxonmobil.com


Meeting canceled per Lance Schuler's instructions.

Meeting requested by Lance Schuler (per request of Mark Haedicke) to discuss Microsoft.  According to Janette Elbertson, Mark requested this meeting take place at 5:30 p.m. today.

Thanks,
Sandy (Ext. 53879)


Due to a conflict of recently scheduled meetings, Friday's 2002 Initiatives Meeting will be cancelled.    A notice will be sent out later regarding the status of remaining Initiatives meetings.


I want the penalty billed and let them challenge it.


Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ."  This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE.  Enron is considering whether to appeal the NYSE's decision.

The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com.  Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period.  Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets."


Start Date: 1/12/02; HourAhead hour: 7;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011207.txt


I don't see anything in Path Manager.  Mark is out today.  Do you have a new
deal number for the purchase?


It has come to my attention that with respect to ISDA masters we file as
follows:

1.  Original documents for ISDA and any ongoing legal activity, such as
assignments etc., are directed to Global Contracts.

2.  A Blue file with copies of item 1 is retained in our files.

3.  A hardback green file is then made (a copy of Blue file) and sent to Kay
Young to be maintained in legal files.

Items 2 and 3 are duplicative copies and require duplicative ongoing upkeep
with respect to assignments, mergers, name changes etc.  Panus, Jones and I
are to discuss this soon.  I think we should cease doing item 3 as it is
duplicative and "making work."  I might also suggest that all prior green
files on ISDAs in the file room be destroyed.  It may have served a purpose
at one time, but I cannot see it now.  I will discuss this with Tana before
making a decision.   What are your thoughts/approval?  Thanks.  Mary

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


Kay:

Any progress on drafting a letter of intent, or are you still waiting on
feedback from the team?

Just let me know.  Thanks!
Bill

 -----Original Message-----
From:  Mann, Kay
Sent: Thursday, May 17, 2001 9:20 AM
To: Manis, Herman; Fleenor, William
Cc: May, Tom; Keeney, William; Marks, David; Scheuer, Janelle
Subject: Re: NRG bullet points

Herman/Billy,

This is still very early in the process, but some thought as to structure
options for earning recognition might be worthwhile.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/17/2001 09:17
AM ---------------------------

Kay Mann
05/16/2001 12:36 PM
To: William Keeney/ENRON@enronXgate
cc: Tom May/Corp/Enron@Enron, David Marks/ENRON@enronXgate, Janelle
Scheuer/ENRON@enronXgate

Subject: Re: NRG bullet points   << OLE Object: StdOleLink >>

I've made some revisions the Bill's document to make sure we are on the same
page before I prepare the LOI.

 << File: NRG Term Sheet.doc >>

Do we want to give any sort of description of how the benchmark will be set?
Do we want to mention the cancellation provisions?

Thanks,

Kay


OUTSTANDING!  I may use it word for word!  Thanks--I'll call him shortly and
let you know how it goes.  DF

Jim Talcott
05/02/2000 02:27 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: DUKE

Hey, the day's slippping away and I remember how yesterday went.  (Remember
Kimball?)  I have a meeting with MKM and FX from 3-5 on the May 9 meeting in
KC, so here are my thoughts on the call to Foglar:

 "Hey Murray, this is Drew.  We received the Chisos complaint and I thought
I'd get ahold of you and see if there is any appetite at Duke to sit down and
discuss resolving these issues in lieu of spending a lot of money on motions
in Pecos County"   Grunt.  "I am curious whether the pleading is evidence
that Duke/Chisos are not interested in resolving this outside the courts, or
is it just a natural reaction to our letter;  a move to bring Northern to the
table?"  Grunt.  "Is Chisos serious about litigating this?"  Grunt. "If
Northern and Duke were to get together in the next 3 weeks, do you think it
would make sense for Chisos to also attend?  Who do you think Duke would
send?"  Grunt.  "Do you think Chisos would hold off on serving the petition
pending discussions?"

I can't think of much else to say/ask.   jrt


Jeff:

Attached is some information regarding EPMI sales to CA utilities and munis.
We looked at only transactions by the Middle Market Group.  It might be
possible to bring in trades made through the traders, but that would require
a significant time investment and I don't think there would be that many
additional deals.

It is interesting to note that our average price for the very long term deals
is $50.  For CA utilities and munis that were bold enough to make decisions,
their prices are below $50!

Call to discuss.

Chris


Dynegy: Enron a 'Model Competitor'
It doesn't happen very often, so we're noting an apparently spontaneous
comment from Dynegy Counsel Ed Ross at a FERC Roundtable last week that one
of his chief competitors, Enron, "has done an excellent job of being
competitive." He suggested others could look to Enron as a "model competitor.
They've done a very good job of setting up a strong financial desk and a
strong physical desk and we don't see any problem with it. I think they have
set up their books in a way that they truly have separation between the
regulated and unregulated aspects of their business."
Ross had prefaced the remark, midway through a heated debate on affiliate
abuses, with the comment that "this is not an industry-wide problem. I
believe there are good and bad players in the market today."
Earlier, Enron's Leslie Lawner had invited "all of you to spend the day on
Enron's trading floor, because I assure you, you will not see a more
competitive environment anywhere. There is no way these folks, who fight like
cats and dogs among themselves, would voluntarily transfer value to the
pipeline group for the good of the bottom line." Lawner had to quickly back
off the invitation - mentioning confidentiality restrictions - when it
appeared about half the room was ready to troop over to the trading floor.


All,

Just doing a bit of research here. Check this out:

http://www.escapist.com/baja/todos.htm

It's the town of Todos Santos just north of Cabo. It might fit all the
conditions all of us are looking for. You can try to find out about the
weather, and water temps, Cameron. But I don't think we should venture all
the way to mainland Mex. Just too much of a pain. And don't confuse Todos
Santos the town with Isla de Todos Santos (the island), which has waves as
big as Waimea and Maverick's. I shiver just thinking about it, considering a
ten-foot wave about ruined me in Costa.

Thanks for dinner last night Jeff. It was great to see y'all again. PP, get
out your Spanish index cards: Perro. P-E-R-R-O.

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

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


Attached is the new site map file for auctions. It has been modified to
reflect the ordering of the global nav and the removal of the ATA, which is
no longer needed.

The View/Accept Contract screen will contain text cut which is currently in
the About Storage Services section (I will modify the text file accordingly
when received from Haakon).

Note that we are planning on using the same template as represented by the
Market Info. screen in EnronOnline, although there will be a unique set of
graphics for each of:

1) The Auctions Home Page
2) All of the EnBank pages (which will share the same graphic treatment, with
appropriate title amendments).

Dave


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/05/2000
02:11 PM ---------------------------

timpowell@txu.com on 12/10/99 09:47:58 AM
To: Daren J Farmer/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Carlos J
Rodriguez/HOU/ECT@ECT, "Melissa Jones" <mjones7@txu.com>, "Charlie Stone"
<cstone1@txu.com>, "Gary Green" <ggreen2@txu.com>, kenenglish@txu.com
cc:
Subject: Enron Actuals for December 9, 1999

     TECO TAP                           69.583/ HPL IFERC
     LS HPL-KATY IC                 30.000/ ENRON


Jim,

Sorry for the delay in responding to your message. I was traveling
extensively
and was overwhelmed with many different projects.

I shall be glad to speak at the Gamma Iota Sigma dinner. Unfortunately, I
cannot make
a presentation to your class (it would require leaving the office for two
days in a row).

I can, however, promise to come on another day and speak to your students.

I hope everything is going well for you. By the way, your former student,
Shane Green, has joined us
for 12 month and is doing exceptionally well.

Vince

Jim Garven <James_Garven@baylor.edu> on 11/28/2000 05:10:55 PM
To: "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:
Subject: Greetings from Baylor University

Dear Vince,

Since we last corresponded, I have left LSU and am now Professor of Finance &
Insurance at Baylor University in Waco, TX.? My colleague at Baylor, John
Martin, mentioned that you will be coming to campus for a conference on
Friday, February 23 that he is organizing.?? I am curious whether your
schedule might permit staying over that evening so that we can feature you as
our dinner speaker for the chartering ceremony of Gamma Iota Sigma, a
national risk management fraternity.? For that matter, would you also
possibly be available to make any presentations to undergraduate and graduate
students on the previous day (Thursday, February 22)?? What I have in mind is
a presentation similar to the presentations you made last spring to my LSU
classes.?

Thank you for your consideration of this request.? I am looking forward to
seeing you once again.

Sincerely,

Jim Garven

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail:? James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________


Peter,

I looked at the Banque Paribas Agreement.  It is an ISDA Master Agreement
(Multicurrency-Cross Border) dated as of June 28, 1995.  The Agreement was
executed between ECT and Banque Paribas.  Banque Paribas changed its name to
"Paribas" on May 11, 1998, so I think you need to change the agreement  and
signature line to read "Paribas, formerly known as Banque Paribas". or
something to that effect.  The agreement is governed by New York law.


Please email me a brief overview of what these documents are, how they fit
into the overall picture, and the issues which need the most scrutiny.
Additionally, have these been evaluated in light of Enron's balance sheet and
financing issues?

Thanks,

Kay


ISDA PRESS REPORT - TUESDAY,  NOVEMBER 7, 2000

* Tax Change to Boost Danish Derivatives Market
* ISDA plans restructuring info session.
* ECB intervention fails to bolster euro
* Corporates Caught Napping As Deadline For FAS133 looms.
* Derivatives traders at JP Morgan are delighted...

Derivatives Week - November 6, 2000
Tax Change to Boost Danish Derivatives Market

A change in Danish tax law that is expected to be passed this month should
lead to a surge in derivatives use among pension funds and life insurance
companies.  Jens Kristensen, head of the financial division at the Danish
Ministry of Economic Affairs in Copenhagen, said the tax rates for all the
gains on investments for pension funds and life insurance companies are
being equalized, at 15%.  Previously, there were tax incentives to investing
in cash equities-gains on equity positions were taxed at 5%.  The flip side
of this was that non-equity investments, including, hedging, were taxed at a
much higher rate - 26% - and losses on cash investments were not offsettable
against gains on hedges.

Clause Stampe, chief investment officer at pension fund Laegernes
Pensionskasse in Copenhagen, said it plans to increase its use of
derivatives because of the taxation change.  It will use more derivatives to
hedge all of its non-euro and non-krone denominated fixed income portfolio
and its equity portfolio where it feels there is currency risk.  About 10%
of the funds DKK35 billion (USD4 billion) portfolio is in non-euro or
krone-denominated fixed income products.  The pension fund already
occasionally uses foreign exchange swaps and options to hedge equity
investments, but not fixed income products.  Stampe said he envisages its
use of derivatives to hedge equity would increase slightly, but said it was
too early to estimate by how much.

Pensionskassen for jusristernes og okonomernes, a pension fund, is going to
start using derivatives, according to Jesper Jakobsen, strategist and head
of asset allocation in Copenhagen.  He said it was too early to tell exactly
what strategies it will pursue but he envisages the fund will use
derivatives for hedging all asset classes because of the change in tax law.

Previously, there was a lower tax for equity to encourage Danish pension
funds and life insurance companies to invest in local equities.  With global
capital increasingly dominating the local equity market, local institutional
investors are no long required to maintain liquidity on the Danish stock
market.

Derivatives Week - November 6, 2000
ISDA plans restructuring info session.

The International Swaps ant Derivatives Association is holding a meeting in
the next two weeks to discuss  restructuring as a credit event. Credit
derivatives players recently were at loggerheads regarding whether
restructuring should be listed as a credit event under the standard terms of
single-name credit default swaps (DW, 10/9). A group of dealers in New York
elected last month to stop including restructuring as a credit event when
quoting prices for standard single-name credit default swaps. Restructuring
as a credit event will still be available as a menu choice on the ISDA
confirm, ant will not be removed from the 1999 ISDA definitions.

According to Bob Pickel, general counsel at ISDA in New York, dealers and
end users have had numerous
questions regarding the decision, and ISDA's credit derivatives
documentation task force is providing a forum for those questions to be
answered.

Some dealers reported a slowdown in the credit default swap market following
the decision. Others said that they saw no slowdown in their trading
activity, and noted that even if there was a slowdown, it cannot be linked
to the decision. Cash markets remain volatile, and there has been little in
the way of new bond issuance or loan activity recently, they added.

Pickel emphasized that the main point of the meetings is to allow
participants to provide information, rather than provide a forum for debate.
Because this is a market practice issue, it is not up to ISDA to rule how
parties should trade. Meetings will be held concurrently in New York and
London, with a brief conference call joining both of the meetings. The
meeting is open to all ISDA members.

Separately, ISDA is planning to complete its strategic documentation review
by year-end.

Financial Times - November 7, 2000
ECB intervention fails to bolster euro
By Christopher Swan and Adrienne Roberts

The European Central Bank intervened in foreign exchange markets yesterday
for the second consecutive trading day, emphasising its determination to
defend the currency. The unilateral move by the bank initially drove the
single currency almost a cent higher to $0.87. But the impact was
short-lived. The release of figures indicating that growth is slowing both
in the eurozone and in its biggest economy, Germany, pushed the euro back
below the level at which it had started the day. It finished in London at
$0.861, down from its close on Friday. In Birmingham, Romano Prodi,
president of the European Commission, expressed full confidence in Wim
Duisenberg, chairman of the European Central Bank, and insisted that the
euro would recover more ground.

Sales of distressed assets by Japanese banks and other financial
institutions to investors, such as US hedge funds, have unexpectedly slowed
in recent months, bankers and analysts say. The decline is likely to
raise new unease about the health of Japan's financial industry and its slow
progress in cleaning up the problems caused by the collapse of the country's
1980s bubble. Some industry observers suspect that one reason for the
slowdown is that falling Japanese share prices have eroded the banks'
capital - and left them unwilling to make additional provisions for losses.

If the slowdown persists, this could leave some foreign funds and banks
re-examining their attempts to build a distressed-debt business in Japan.
Precise data on the distressed-debt market is not available because it is
one of the most secretive sectors of Japan's financial markets.

Derivatives Week - November 6, 2000
Corporates Caught Napping As Deadline For FAS133 looms.

A raft of corporates have delayed implementing the Financial Accounting
Standards Board's Statement 133, and are scrambling to meet the deadline,
which for most companies is Jan. 1. "The big five have been warning people
for years not to delay in figuring out how to implement FAS 133, but a lot
of people didn't listen," said Rob Royall, partner in the national
accounting group at Ernst & Young in New York. Dilip Kumar, partner at
Arthur Andersen in New York, added that billion-dollar companies have been
laggards in implementing the measure, although he declined to name them.

"We were worried that would happen," said Bob Wilkins, senior project
manager in charge of FAS133 at the accounting standards board in Norwalk,
Conn. He noted that the standard was originally slated to come into effect
for fiscal years beginning after June 15, 1999. Corporations concerned about
digesting the bulky standard while also preparing for Y2K persuaded the FASB
to push the deadline back to fiscal years     beginning after June 15, 2000.
For most companies, that's Jan. 1. "Cynics here said that some companies
would just let the standard sit on their bookshelves for another year," he
added.

The standard itself is daunting, consisting of about 280 pages plus 260
pages of derivatives implementation group interpretations. Ernst & Young's
Royall said the whole document could balloon to 750 pages by a year from now
as hazy parts of the standard are cleared up.

Satish Rishi, v.p. and assistant treasurer at Dell Computer in Austin,
Texas, noted that his company has preparing for some time for the new
standard, and will be ready for it when the deadline arrives. But he noted
that companies that have not planned adequately are reaching a crunch point
now. ZD. U%

AND LAST BUT NOT LEAST.......

The Daily Telegraph - November 7, 2000
Derivatives traders at JP Morgan are delighted...

Derivatives traders at JP Morgan are delighted their bank has been taken
over by Chase Manhattan.  "Hopefully they will sort out the toilets on our
floor," one says.  "There are only four of them, and they never get
cleaned."


I regret to announce that David Gallagher has decided to leave Enron.  David
has led our Continental Gas group for the last 2 years, and has built for us
a market leading franchise and the best team in the industry.  David is a
highly respected individual both within the company and outside the company,
and we will miss his professional attitude and great character.

He leaves a very strong team behind him.  Didier Magne and Carsten Sterz have
built this business with David from day one, and they will continue to own
their respective books: France, Belgium, Switzerland, Italy and Spain for
Didier, and all the German-speaking countries plus Eastern Europe for
Carsten.  Dave Furner will continue to trade the Zeebrugge hub.  Nicola Craig
will continue to run the Continental option books.  Rudy Dautel, director,
will join the group as Head Trader, and Didier, Carsten and Nicola will
report to him.  Dave Furner will report to Didier Magne.  Rudy has a wealth
of trading experience in US nat gas, crude oil, UK nat gas, and most recently
Spanish power and LNG.  Rudy will report to me.
Steve Asplin, director, will head up large scale origination for Continental
gas, as distinct from the trading / mid-marketing functions of Didier and
Carsten.  Steve will report to me.
Cathy Christmas will continue with her key role as Head of Operations for the
group, reporting to David Hutchinson.
 All other reporting lines will remain the same.

Please join me in wishing David well for the future, and congratulating Rudy,
Steve, Carsten and Didier on their new and expanded roles.

Richard Lewis


Danny,

The attached below is where we will be for margins.  This is what we talked about last week.   The other expenses associated with commercial seem to be flat to plan.   I do not have anything else for you at this time.  I should have something by tomorrow and I will send to Julie.

Thanks

Tracy
---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 02/20/2001 02:56 PM ---------------------------

Tracy Geaccone
02/15/2001 05:39 PM
To:	John Keiser/FGT/Enron@ENRON
cc:

Subject:	Re:

John Keiser
02/15/2001 05:04 PM
To:	Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject:

<Embedded StdOleLink>


---------------------- Forwarded by John Arnold/HOU/ECT on 11/06/2000 09:46
AM ---------------------------

SOblander@carrfut.com on 11/06/2000 07:28:53 AM
To: soblander@carrfut.com
cc:
Subject: daily charts and matrices as hot links 11/6

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2000 Carr Futures

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

Crude     http://www.carrfut.com/research/Energy1/crude86.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas86.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil86.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded86.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/Stripmatrix86.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG86.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL86.pdf

April Crude    http://www.carrfut.com/research/Energy1/CLJ86.pdf


How are you doing?

Hope all is well.

Give me a call sometime.

Jeff

(713) 403-5280
___________
PA
Jeffrey S. Young
Member of PA's Management Group
Three Riverway
Suite 300
Houston, TX 77056
USA
Office: (713) 403-5280
Mobile: (713) 503-1963
E-mail:  jeff.young@paconsulting.com
Web:    www.paconsulting.com


-----Original Message-----
From: 	JesPulliam@aol.com@ENRON
Sent:	Thursday, October 25, 2001 9:30 AM
To:	sscott5@enron.com
Subject:	long time no talk!!!!

SU-san!  how are you?  i am having s. scott withdrawal!  clay and i have been having a wonderful time in london and traveling (class two days a week makes traveling easy!).  i have been meaning to get in touch with you forever!!

we have a terrible time emailing because the school computers are terrible and we don't have internet at home.  last time i sat down in the school lab, i was emailing you when a professor walked in and said the room was reserved for a class...anyway...can't complain...we are truly in heaven save the school part!

how are you?  how is work...must be pretty stressful right now?  how is your brother?  are they still in Korea?  did you enjoy visiting them?  will their location be affected by the sept 11 attacks?  i can't believe i haven't talked to you for sooo long!

let me know how you are doing!
miss you much...will you come to jen's wedding?  we will be there!

look forward to seeing you soon.

love and a big hug from me and clay!


Per your request , attached is the NG curve effective 01/29/2001.

Thanks,

Errol McLaughlin, X5-8274

Marc Janichen@ECT
01/30/2001 07:59 AM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: NG Curve

Errol,

Do you have an updated NYMEX curve. Jan05-Dec14?
Got Rudy's from last week only.

Marc
LNG, London

44 2077837588
---------------------- Forwarded by Marc Janichen/LON/ECT on 30/01/2001 14:02
---------------------------

Rudy Dautel@ENRON
24/01/2001 09:21
Sent by: Rudy Dautel@ENRON
To: Marc Janichen/LON/ECT@ECT
cc:

Subject: NG Curve

---------------------- Forwarded by Rudy Dautel/EU/Enron on 24/01/2001 09:20
---------------------------

Errol McLaughlin
23/01/2001 15:38
To: Rudy Dautel/EU/Enron@Enron
cc:

Subject: NG Curve

Per your request, attached is the NG curve through Dec. 2024.

Please call with any questions that you have

Errol McLaughlin, X5-8274.


Shalesh,

Grtant Masson looked into it.

Vince

From: Shalesh Ganjoo@ENRON COMMUNICATIONS on 07/14/2000 11:19 AM PDT
To: Vasant Shanbhogue/HOU/ECT@ECT
cc: Anjam Ahmad/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Solar flare insurance derivatives

Vasant,

Anjam and I were just discussing that the telecommunications industry might
be interested in some type of "solar flare" insurance derivatives.  Please
let us know if you would be interested in meeting us next week sometime to
discuss this further or if you have some ideas about it already.  Thank you.

Shalesh Ganjoo


Pursuant to our conversation of today, attached are the form of swaps we
developed for shares and warrants.  These can be used as a basis for the
development of forms for the other types of equity investments which will be
subject to additional swaps.  As I obtain the source information evidencing
the different types of equity investments I will fax the materials to you.
Thus far I know we will need swaps for (a) LLC membership interests, (b) LP
partnership interests, (c) "income participation certificates."  As I
mentioned, the valuation commercial department is working on "Final Price"
language evidencing how a valuation will be conducted for these various
equity investments on any Valuation Date.

Please feel free to call with questions.  As I mentioned, we would like to
have the forms developed by mid next week.  Thank you for your attention to
these matters.   Mary

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


---------------------- Forwarded by Kate Symes/PDX/ECT on 02/28/2001 01:13 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Jeffrey Oh                           02/28/2001 01:01 PM

To: Kate Symes/PDX/ECT@ECT, Todd Perry/PDX/ECT@ECT
cc:

Subject: Joke of the Day

For anyone who didn't see David Letterman the other night, this is a true
story. A little long, but not dirty (for those who might be offended) and
totally worth the read:

On a recent weekend in Atlantic City, a woman won a bucketful of quarters at
a slot machine. She took a break from the slots for dinner with her husband
in the hotel dining room. But first she wanted to stash
the quarters in her room. "I'll be right back and we'll go to eat,"she told
her husband and carried the coin-laden bucket to the elevator.

As she was about to walk into the elevator she noticed two men already
aboard. Both were black. One of them was tall...very tall...an intimidating
figure. The woman froze. Her first thought was: These two are going to rob
me. Her next thought as: Don't be a bigot, they look like perfectly nice
gentlemen. But racial stereotypes are powerful, and fear immobilized her. She
stood and stared at the two men. She felt anxious, flustered and ashamed. She
hoped they didn't read her mind but Gosh, they had to know what she was
thinking!!! Her hesitation about joining them in the elevator was all too
obvious now. Her face was flushed. She couldn't just stand there, so with a
mighty effort of will she picked up one foot and stepped forward and followed
with the other foot and was on the elevator. Avoiding eye contact, she turned
around stiffly and faced the elevator doors as they closed. A second passed,
and the another second, and then another. Her fear increased! The elevator
didn't move. Panic consumed her. My God, she thought, I'm trapped and about
to be robbed! Her heart plummeted. Perspiration poured from every pore.

Then one of the men said, "Hit the floor." Instinct told her to do what they
told her. The bucket of quarters flew upwards as she threw out her arms and
collapsed on the elevator floor. A shower of coins rained down on her. Take
my money and spare me, she prayed. More seconds passed.

She heard one of the men say politely, "Ma'am, if you'll just tell us that
floor you're going to, we'll push the button." The one who said it had a
little trouble getting the words out. He was trying mightily to hold in a
belly laugh. The woman lifted her head and looked up at the two men.

They reached down to help her up. Confused, she struggled to her feet. "When
I told my friend here to hit the floor," said the average sized one, "I meant
that he should hit the elevator button for our floor. I didn't mean for you
to hit the floor, ma'am." He spoke genially. He bit his lip. It was obvious
he was having a hard time not laughing.

The woman thought: "My God, what a spectacle I've made of myself". She was
humiliated to speak. She wanted to blurt out an apology, but words failed
her. How do you apologize to two perfectly respectable gentlemen for behaving
as though they were going to rob you? She didn't know what to say. The three
of them gathered up the strewn quarters and refilled her bucket.

When the elevator arrived at her floor they then insisted on walking her to
her room. She seemed a little unsteady on her feet, and they were afraid she
might not make it down the corridor. At her door they bid her a good evening.
As she slipped into her room she could hear them roaring with laughter as
they walked back to the elevator. The woman brushed herself off. She pulled
herself together and went downstairs for dinner with her husband.

The next morning flowers were delivered to her room - a dozen roses. Attached
to EACH rose was a crisp one hundred dollar bill. The card said: "Thanks for
the best laugh we've had in years." It was signed;

Eddie Murphy & Michael Jordan


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Dan

I know you are going to communicate with Coleman's attorney to answer his
(hopefully) final concerns.  I have attached the gathering services primarily
to remind you of the remaining change requested by Jim Anderson, my
counterpart at Coleman.

However, I do have one last item to discuss with you that I hope we can
handle just in the definitions section, so after your contact with Coleman's
attorney, give me a ring.

THX

D


Looks like a permanent cancellation to me - at least for now!  We can work
with Wes on the best ways to stay abreast of developing deals that impact
Enron Americas.
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/21/2001 01:35 PM
---------------------------

	Enron North America Corp.

	From:  Michele Beffer @ ENRON                           02/21/2001 01:12 PM

To: Roger Ondreko/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Stanley
Farmer/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, David
Leboe/HOU/ECT@ECT, Drew Kanellopoulos/NA/Enron@Enron, Stephen H
Douglas/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Hope Vargas/HOU/ECT, Rodney
Faldyn/Corp/Enron@Enron, Faith Killen/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT, Susan Helton/HOU/ECT@ECT, Joseph Deffner/HOU/ECT, Gail
Tholen/HOU/ECT@ECT, Thomas Myers/HOU/ECT, Jim Coffey/HOU/ECT@ECT, Mark
Lian/Corp/Enron@ENRON, Tammy R Shepperd/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
cc: Alisha Guerrero/HOU/ECT@ECT, Grace Taylor/Corp/Enron@ENRON, Patti
Thompson/HOU/ECT@ECT, Paula Forsyth/Corp/Enron@ENRON, Shelley
Grover/Corp/Enron@Enron, Megan Angelos/NA/Enron, Renee Ingram/HOU/ECT@ECT,
Cindy Stokes/ENRON@enronXgate, Nicole Mendez/HOU/ECT, Lisa
Lunz/Corp/Enron@ENRON, Kelly Ellis/Corp/Enron@Enron
Subject: Wes' Hot List Meeting

Please note that Wes Colwell's Bi-weekly Hot List meeting has been cancelled,
please remove these meetings from your calendar.  If you have any questions,
please feel free to call myself or Michele Beffer at ext. 57681.  FYI, the
next meeting was scheduled for 2/22 at 1:30pm.