Industry Group Analysis

This Week: Big Chart Update for the Week of January 7

1.	Introduction
2.	Groups That Are Heating Up
3.	Groups That Are Cooling Off
4.	On The Radar Screen This Week
5.	Disclaimer

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1.	Introduction

Sentiment that the economy will rebound later this year has
resulted in investors looking past the upcoming earnings
season and instead increasing their level of risk tolerance.
This change in sentiment has resulted in industry groups such
as Electronics/Semiconductors {.DSE} and
Homes/Hotels-Motels-Inns {.HOT} rising on the Big Chart.

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2.	Groups That Are Heating Up

Growing optimism for an economic recovery has driven the
ranking for Electronics/Semiconductors {.DSE} up to the 98th
percentile.  Investors have been ignoring valuations in order
to avoid risking the next big run up in chip stocks.
Historically, semiconductor stocks have appreciated in price
6-9 months before a recovery occurs and with news of price
increases coming out of Asia, the current sentiment is that a
bottom has been reached by the industry.  Chip stocks that
have recently traded upwards include Globespan {GSPN}, Amkor
Technology {AMKR}, Taiwan Semiconductor {TSM}, Micron
Technology {MU}, and ASM International {ASMI}.

Homes/Hotels-Motels-Inns {.HOT} has been making a material
rebound, rising from the 2nd percentile to the 50th
percentile during the past five weeks.   Analysts have been
gradually upping their ratings on stocks such as Fairmont
Hotels {FHR}, Host Marriott {HOT}, and Hilton {HLT} on the
basis of an expected economic recovery, a decrease in the
rate of revenue decline, and valuation.  Notably, growth for
many companies in this group is not expected to return until
the second half of the year, at the earliest, but increased
confidence over airport security could cause industry
conditions to improve sooner.

Other groups with rising rankings include Basic/Metal {.MET},
Broadcasting/Television {.BTV}, Computer/Components {.DCO},
Home/Pet & Supplies {.PET}, Machinery/Machine Tools {.MMT},
Publishing/Graphics/Supplies {.GSE}, and
Services/Advertising {.ADV}.

To view the Big Chart click the link below.

http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
____________________________________________________________

3.	Groups That Are Cooling Off

Despite the increased level of risk tolerance being priced
into the market, Drugs/Biotechnology {.DBI} has lagged on the
Big Chart.  Rankings for the industry group have fallen for
five consecutive weeks.  Part of this decline has been caused
by news events over the past few days.  First, Abgenix {ABGX}
announced on Thursday that its rheumtoid arthritis drug,
ABX-IL8, failed to show stastical improvements.  Then,
ImClone Systems {IMCL} began tumbling on Friday as word about
a negative article in the The Cancer Letter spread.  The
newsletter stated that FDA is refusing to review IMCL's
application for Erbitux, a treatment for colon cancer.  The
two announcements are sharp a reminder of the risks inherent
with with many biotechnology companies.

Other groups with rising rankings include Basic/Metal {.MET},
Broadcasting/Television {.BTV}, Computer/Components {.DCO},
Home/Pet & Supplies {.PET}, Machinery/Machine Tools {.MMT},
Publishing/Graphics/Supplies {.GSE}, and Services/Advertising
{.ADV}.

To view the Big Chart click the link below.

http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp
____________________________________________________________

4.	On The Radar Screen This Week

Services/Advertising {.ADV} has improved its rank for four
consecutive weeks and now sits just shy of the top quintile.
The industry group is very dependant on economic cycles for
revenue growth and and optimism over a recovery has resulted
in several stocks testing their six-month highs, including
Publicis Group {PUB}, WPP Group {WPPGY}, Catilina Marketing
{POS}, and Omnicom Group {OMC}.  With little in the way of
economic news this week, expect short-term sentiment to
determine the price direction of this group.

To view the Big Chart click the link below.

http://www.wallstreetcity.com/commentary/commentary_group_rotation.asp

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5.	Disclaimer

WallStreetCity's Industry Group Analysis is published solely
for informational purposes and is not a solicitation or an
offer to buy or sell any stock, mutual fund or other security.
The information obtained from internal and external sources
is considered reliable, but has not been independently
verified for accuracy and completeness.  WallStreetCity, its
employees, and/or officers and directors, may from time to
time have a position in the securities mentioned and may sell
or buy such securities.

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representations are being made that these techniques will
result in or guarantee profits in trading.  Past performance
is no indication of future results.

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Leslie, I'll follow up with Mike McGowan.  Is there an invoice or something
floating around that you are aware of?  Shall we just send to you Tom and
have you get it to the right place?  I'm not sure anyone has been hired yet
to fill Tim's position, but I know that is in progress.  Mike--please give me
a call re: this.  Thanks. DF

Leslie Lawner@EES
08/21/2000 09:13 AM
To: Tom Rutherford <comd3@swcp.com> @ ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Richardson dinner

Drew, Tom has informed me that Enron has never paid for the table that Tim
Aron got for the Secretary Richardson fundraiser (last April) and the tab is
$2500.  I know in hindsight we may not want to give Richardson any money
since he blew his chance at becoming VP (just joking) but we do need to pay.
Tom's email address is above and perhaps he can tell you where to mail the
check.

I also have a couple of other obligations that Tim Aron undertook that I need
to follow up on, has someone been hired, or should I go through you?

Thanks.


Here is what I think is a final draft...I'm going to give it one last read
thru...if you have further comments let me know immediately.  Thanks.


Ken:

I called your office today and they informed me that the best way to get
this matter to you was to send you an email.  The negotiations between
Silicon Valley Bank and eVelocity have pretty much come to a decision point.
At bottom, Silicon Valley Bank will agree to renew the loan for six months
in exchange for a $250k paydown and monthly interest payments for the next 6
months.  The eVelocity folks tell me that this is slightly better (from a
total cash outlay) than they had proposed, but it does require additional
cash upfront.  In addition to the funds that you indicated that you would be
willing to provide, they have secured an additional $200k from other
investors.

The eVelocity management tells me that the proposed plan gives them the
liquidity they need.

I told them to proceed on that basis until I can get a response from you and
that I would recommend the bank's terms to you.

May I have your agreement?

If you have any questions, you can reach me at 713-515-5686 throughout
Friday and at 970-748-1643 throughout the weekend.

David

-----Original Message-----
From: ASciaky@evelocity.com [mailto:ASciaky@evelocity.com]
Sent: Wednesday, September 05, 2001 3:18 PM
To: davidcabello@earthlink.net
Subject: RE: Silicon Valley Bank

David:

Below is the latest from the Silicon Valley Bank, $250K up front and no
principal payments to January 31, 2002. The deal we proposed to the SVB
last week was $125K up front, $15K for September, October, November,
December, $100K December 31, 2001, and $55K January 31,2002. Total payments
by eVelocity to January 31, 2002 were $340K, $90K less than the $250K up
front.. Also they are not asking for warrants. We have for bridge
financing, pending approval of SVB position, the following: $500K from K.
Lay, $100K from Trillium, $50K from A. Bruce, and $50K from T. Nigrelli. I
am hoping to get another $100K from Ruben Jeffery (runs Goldman Europe).
Assuming we get only $700K for bridge, the Bank's proposed arrangement
leaves us $450K to January 31, 2002 which will keep us cash positive.

Getting the $1 mil loan down to $750K appears to satisfy the Santa Clara,
CA home office that this is a performing loan. We are anxious to move
forward as the Company is close to profitability which will posture it for
a long term fund raising.

Please let us know how Ken Lay feels about this.

Regards, Albert

----- Forwarded by Albert L. Sciaky/eVelocity on 09/05/01 04:06 PM -----

                    "Mark
                    Pasculano"           To:     "Bryan Jadot"
<bjadot@svbank.com>, "'Albert Sciaky (E-mail)'"
                    <mpascula@svb        <asciaky@evelocity.com>
                    ank.com>             cc:     "Jonathan Gray"
<jgray@svbank.com>, "Beth Gallagher"
                                         <bgallagh@svbank.com>
                    08/30/01             Subject:     RE: Silicon Valley
Bank
                    06:53 PM

I would like to note that Bryan, in error, has said that we would suspend
interest payments.  Interest would continue to be due monthly during the
period between now and 1/31/02.  Sorry for the confusion here.
Mark

>  -----Original Message-----
> From:         Bryan Jadot
> Sent:         Thursday, August 30, 2001 5:57 PM
> To:           Albert Sciaky (E-mail)
> Cc:           Mark Pasculano; Jonathan Gray; Beth Gallagher
> Subject:           Silicon Valley Bank
>
> Dear Albert,
>
> We have had an opportunity to read your proposal and supporting
> information and have considered your request for an extension of the line
> of credit.
>
> As mentioned during our several discussions, it is our inclination to
work
> with eVelocity through these challenging times and ideally reach a
> mutually satisfactory solution to the issue at hand.  However, our
> requirements as a lending institution would require that an immediate
> $250,000 paydown of the line of credit take place as the basis for a
> potential  restructure.
>
> Assuming that such a payment is made and as a consideration to you,
> eVelocity and its shareholders, the Bank is willing consider the
> suspension of all principal and interests payments to January 31, 2002
> along with an extension of the line of credit to this same date, at which
> point the remaining balance would be due and payable.
>
> In our opinion, this proposal allows eVelocity the time to complete the
> critical tasks outlined in your proposal and whose success could then
> serve as the basis for a longer term restructure and in turn would allow
> the Bank the benefits of a performing agreement.
>
> I would note that this proposal is the end product of several significant
> concessions on our part and hope that you will recognize its merits.
>
> Best regards,
>
>
> R. Bryan Jadot
> Silicon Valley East
> Vice President
> (617) 630 4152
> (781) 771 2480 (mobile)
>  << File: Bryan Jadot.vcf >>


Editorial

DON'T BLAME DEREGULATION FOR SUMMER'S `BROWNOUTS'
THE ECONOMIST\

?
09/05/2000
Seattle Post-Intelligencer

FINAL
B7
(Copyright 2000)
?

?
This has been a miserable summer in California. Thanks to a surge in
electricity consumption, Californians and other Americans have endured
several power failures.
Since brownouts were rare in the past, some wonder if recent steps to
liberalize the power market are to blame. Politicians are meddling,
arbitrarily imposing rate freezes and price caps. This week President Bill
Clinton offered federal subsidies to poor people and small firms hit by
higher power prices in California.
?

A growing chorus is arguing that electricity deregulation has gone too far
and too fast. The problem is just the opposite. The real culprits behind this
summer's power failures are the muddle and hesitation surrounding the
introduction of competition in much of America.
In places such as Britain, Scandinavia and Australia, which began
liberalizing long ago, the transition to competitive power has been orderly
and free of mishap; consumers there enjoy reliable power, lower prices and
better service.
California's deregulation has failed to yield such gains largely because it
neglected a variety of market realities.
Companies will invest in generation only if the rules of the game are clear.
In America, they seldom are. That is partly because of the country's federal
structure, which has left the states to take the initiative in electricity
deregulation.
About half have opened up their markets, but each has its own peculiarities.
This patchwork, plus changing environmental regulation, explains why so many
utilities have avoided building new plants for years.
State governments should base reforms on clear and consistent rules. The
federal government also needs to bring order to interstate power trading.
Regulators must break the monopoly of the aging and overloaded distribution
system.
Merely generating more power at big central plants far from markets means
little unless it can reach consumers - and bottlenecks on the grid mean that
not enough of it does. Expanding distribution capacity is often impossible in
crowded urban areas, and elsewhere people dislike new power lines.
Dramatic advances in technologies such as fuel cells and microturbines, which
generate power efficiently and cleanly on a smaller scale, may make up the
shortfall. But regulators still tend to imagine that power will flow in one
direction only: from big plants to small consumers.
To ease the bottlenecks, they should follow the recent move by New York state
to facilitate access to the grid for small micropower plants.
The other area of reform is the hardest but also the most crucial: the
consumer market.
In the long run, liberalization and competition will deliver lower
electricity prices for companies and households alike. However, in many
places, retail prices remain fixed by government fiat.
There is a case for protecting domestic households from price volatility
until a genuinely competitive retail market emerges. However, the zeal with
which politicians have introduced arbitrary price "rollbacks" suggests that
they may turn any exception into the rule.
This would be a mistake, for unless consumers see fluctuations in prices
(especially at peak times), they have no incentive to conserve power or shift
their use off-peak.
The right way forward is to allow retail prices to fluctuate with market
conditions. This will encourage consumers to use power more judiciously and
speed the arrival of such innovations as fixed-price "energy service"
contracts, which promise outcomes such as certain levels of heating, rather
than merely delivery of a set amount of electricity.
Price transparency will also allow micropower plants to buy and sell power on
the grid as demand dictates, so improving the grid's reliability.
In fits and starts, America is heading toward the promise of competitive
energy markets. Consumers in Pennsylvania, for example, now pay $3 billion a
year less for their electricity than they did before 1999.
The populism and shortsightedness of its regulators and politicians must not
stop California from getting there, too.
Copyright 2000 Economist Newspaper Ltd. Distributed by the New York Times
Special Features.

Drawing


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Harold,

Congratulations. Well deserved.

Vince


Hey--how the hell are you?  Still having fun and living large in the big
apple?  Things are great on the prarie--Huskers are No. 1 in the nation (I'm
actually talking about college womens volleyball since I refuse to watch
professional Husker football) and wife and small chicks are doing great.  As
to SD firm, I've almost hired Lynn Jackson Schultz and LeBrun a couple of
times and then ended up not needing them.  I think its the biggest firm in SD
(big whoop)  and is pretty well thought of.  I went to college with a partner
in their Sioux Falls office named Jon Sogn.  He's a commercial litigator and
a pretty good guy.  Good luck and hope all goes well.  DF

"David N Schumeister" <dschumeister@shearman.com> on 09/18/2000 01:28:05 PM
To: dfossum@enron.com
cc:

Subject: South Dakota Counsel

---------------------- Forwarded by David N Schumeister/NY/NA/ShS on
09/18/2000
02:27 PM ---------------------------

Ruth Lipshitz
09/18/2000 01:44 PM

To:   New York - PR Partners, New York - PR Associates
cc:

Subject:  South Dakota Counsel

Can anyone please recommend a South Dakota counsel?

Thanks.

********************************NOTICE*************************************
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Thank you.


Please mark your calendars.

The ENA Commercial PRC meeting will be held on JULY 9.  This meeting is by
invitation only.   Substitutions or Additions will not be permited without
the permission of John Lavorato.  Further information will follow.


The confirmation desk recently received a call from Mike Billings who I
believe is your Dow trader.  Mike is trying to trade financially under the
name "The Dow Chemical Company".   ECT SHOULD CONTINUE TO TRADE FINANCIALLY
WITH "DOW HYDROCARBONS AND RESOURCES INC" (the party that ECT has a Master
Agreement with).  ECT will NOT agree to change the counterparty on any future
trades.  When you speak with Mike Billings, you may alert him to this.
Thanks.  Sara


Yesterday, EOTT submitted a non-binding bid for the stock of APL along with
our comments on the stock purchase agreement.  Copies of both are attached
for your review.  The offer price has been removed from the letter.  We
haven't heard anything form the invesment bankers but did receive two faxes
late last night.  The first was the receipt of the disclosure schedules.  The
second was the waiver by Phillips of their ROFR on Seaway for the year 2000.
This simplies the transaction immensely.
 I keep you informed of any news but wanted to extend my appreciation to
everyone for their hard work during this process and the transition from
Northern Border as a buyer to EOTT.
 thanks
 dwight


Yes you have passed the test - Congratualations.  We have been working very
hard on our sale and wanted to let you know that your guys came back with a
very good bid.  We will inform you probably this afternoon or tomorrow that
you will be making the short list.   We will probably have a short list of
about 5-7 companies.   You guys are in the top three! I think you guys have a
very good chance at getting these plants, which I think is an excellent
opportunity.  Hope all is going well and your other talks are going in the
right direction.  On a side note, from what I've heard from my parents in
Boston, Kara seems to be doing pretty poorly.  She is clearly going through
some very difficult times.  Talk to you soon.
Love,
Ben


Little David comes home from first grade and tells his father that they
learned about the history of Valentine's Day.  "Since Valentine's day is
for a Christian saint and we're Jewish," he asks, "will God get mad at
me for giving someone a valentine?"

David's father thinks a bit, then says "No, I don't think God would get
mad. Who do you want to give a valentine to?"
"Osama Bin Laden," David says.
"Why Osama Bin Laden," his father asks in shock.

"Well," David says, "I thought that if a little American Jewish boy
could have enough love to give
Osama a valentine, he might start to think that maybe we're not all bad,
and maybe start loving people a little bit.  And if other kids saw what
I did and sent valentines to Osama, he'd love everyone a lot.  And then
he'd start going all over the place to tell everyone how much he loved
them and how he didn't hate anyone anymore."

His father's heart swells and he looks at his boy with newfound pride.
"David, that's the most wonderful thing I've ever heard."
"I know," David says, "and once that gets him out in the open, the
Marines could blow the shit out of him."


The semester is coming to a close and most of us are graduating.  A group of us are celebrating with a three-day weekend in a house on Lake Tahoe, Dec 14 - 16.  All are welcome to come, including families, significant others, and other students whose e-mail address I don't have.

What do you need to do?
Find other students that are interest in going (I know Florian and Anil are looking for housemates)
Find a house or lodging for the 2-3 nights
Let me know where you are staying and I will create a list and distribute so we can all connect up there.

If you want to stay in the vicinity, our house is located at:

Petrick House
Lakeview
3170 Meadowbrook Drive
Tahoe City, CA

Sorry we can't fit you all in our house, but you should be able to find something on the web.  Try www.enjoytahoe.com.

Please forward to others that may be interested, and hope to see you up there!

-Jackie

Jacqueline Kelly
Treasury
Charles Schwab & Co, Inc
(415) 667-3915

Warning: All e-mail sent to or from this address will be received or otherwise
recorded by the Charles Schwab corporate e-mail system and is subject to
archival, monitoring or review by, and/or disclosure to, someone other than the
recipient.


Fill out and return your registration card or register by phone or fax today!

Only registered users get:

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I worked with Sara Shackleton on the swap for this deal.  She or someone else in Mark Taylor's group is probably best positioned to make modifications.

Please let me know if I can be of help.

Thanks.
 -----Original Message-----
From: 	Garberding, Michael
Sent:	Monday, November 19, 2001 12:43 PM
To:	Rasmussen, Dale
Subject:	APEA

Dale --

I have been working with Jeff Dellapina at Chase on potential revisions to the April '99 prepay -- he has requested an amendment to the original margin agreement.  Currently, we are required to post margin under the swaps once a month.  Chase has requested a change to daily margining.  This change is being driven by our current credit issues, especially with the banks.  I have spoken with Evan Ward at APEA who is working with their lawyers on this.

I was wondering if I should work through you on this or someone in Houston (as you had worked on the original transaction).  Let me know your thoughts when you get the chance and I appreciate your help.

Michael Garberding
Enron Americas Global Finance
Work:  (713) 853-1864
Fax:    (713) 646-3602
E-mail: michael.garberding@enron.com


I have a 1:10 meeting so I can't attend your marketing meeting.  I thought it
might be a good idea to grab Lambie at noon and get him to attend your whole
meeting.  He might have some insights into Alliance among other things.

Lavo


Joe King is in Norway all this week so he probably hasn't seem the e-mails.
You might try to reach Scott Moncrieff in London at 830-37488.
If you can't get a hold of him, then we should just proceed.

Homer

From: Mark Taylor on 06/07/2001 09:07 AM
To: Homer Lin/HOU/ECT@ECT
cc:
Subject: Re: Tanker Freight Long Description

I haven't heard anything from anyone but you and the EnronOnline team.  I
suggest we go forward as you suggested in your June 4 e-mail and deal with
the mid-month to mid-month issue if it ever actually arises.

	Homer Lin
	06/07/2001 07:11 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Re: Tanker Freight Long Description

Mark,

Did you ever get a final answer on the Product Description?

Homer

---------------------- Forwarded by Homer Lin/HOU/ECT on 06/07/2001 07:10 AM
---------------------------

Homer Lin
06/04/2001 08:19 AM
To: Mark Taylor/HOU/ECT@ECT
cc: Scott Moncrieff/Enron@EUEnronXGate, Joe King/Enron@EnronXGate
Subject: Re: Tanker Freight Long Description

Mark,

Whether or not the mid-month to mid-month deals are likely, you should
probably ask Scott Moncrieff or Joe King to answer that question.

I was just suggesting the possibility...  I do like the additional language
that covers deals shorter than one month

"Each calendar month during the term of the Transaction will be a
Determination Period; provided that, if the term of the Transaction is less
than one calendar month, the Determination Period shall be the term of the
Transaction."

Perhaps we should proceed with the current Product Description and worry
about the mid-month to mid-month description if/when we need it.

Homer

From: Mark Taylor on 06/01/2001 10:47 AM
To: Homer Lin/HOU/ECT@ECT
cc: Carlos Alatorre/Enron@EnronXGate, Joe King/Enron@EnronXGate, Robert
Quick/Enron@EUEnronXGate, Scott Moncrieff/Enron@EUEnronXGate
Subject: Re: Tanker Freight Long Description

Homer -

The problem with the language you suggest is that it will be triggered by any
term that is longer than a month.  As far as I know, we have never had a
product that went from mid-month to mid-month.  Is that a real issue for us
here?  We have language in a few products already that takes care of the
second issue (deals shorter than one month):

Each calendar month during the term of the Transaction will be a
Determination Period; provided that, if the term of the Transaction is less
than one calendar month, the Determination Period shall be the term of the
Transaction.

In some cases (e.g. power swaps), when the deal is for less than a month the
payment dates are modified to fall at the beginning of the following month
(rather than 5 days after the floating price is determinable).  That is a
commercial call.  Just let me know how you want to handle that issue.

If mid-month to mid-month deals are likely, let me know and I will come up
with alternative language.

Mark

	Homer Lin
	06/01/2001 10:15 AM

		 To: Mark Taylor/HOU/ECT@ECT, Joe King/Enron@EnronXGate, Scott
Moncrieff/Enron@EUEnronXGate
		 cc: Carlos Alatorre/Enron@EnronXGate, Robert Quick/Enron@EUEnronXGate
		 Subject: Re: Tanker Freight Long Description

Mark,

Looks good.  The product description looks fine for copying the shipping
products that Scott Moncrieff is trading now in London.

I'm a little concerned about the line: "Each calendar month during the term
of the Transaction will be a Determination Period"...

Is it flexible enough in changing determination periods from mid-month to
mid-month?
As in June 15 to July 14 to represent a month?  Or will that just be another
Long Description that we would have to draft for another product type?

Also, what if we wanted to break up the determination periods into smaller
increments than one month?
Let us say a 1-week or 2-week period instead of a full month.

May be something like:
"Each calendar month during the term of the Transaction will be a
Determination Period unless otherwise specified by the Effective Dates"

That's my two cents,
Homer
x57642

From: Mark Taylor on 05/31/2001 06:25 PM
To: Joe King/Enron@EnronXGate, Homer Lin/HOU/ECT@ECT, Carlos
Alatorre/Enron@EnronXGate
cc: Scott Moncrieff/Enron@EUEnronXGate, Robert Quick/Enron@EUEnronXGate
Subject: Tanker Freight Long Description

Here is a draft of the US version.  Please let me know if it works for you.


Bob, how should we handle this?  Should Sue Mara, Jeane or I contact SCE concerning the late fees?

---------------------- Forwarded by Diann Huddleson/HOU/EES on 10/10/2001 03:24 PM ---------------------------

JBennett <JBennett@GMSSR.com> on 10/10/2001 02:53:12 PM
To:	"'dhuddles@enron.com'" <dhuddles@enron.com>
cc:
Subject:	RE: SCE Late Charges

Diann -- properly disputed charges are not suppose to be subject to late
fees.

-----Original Message-----
From: dhuddles@enron.com [mailto:dhuddles@enron.com]
Sent: Wednesday, October 10, 2001 12:31 PM
To: jbennett@gmssr.com
Cc: Wanda.Curry@enron.com; Lisa.Mellencamp@enron.com;
Robert.C.Williams@enron.com; ehughes2@enron.com
Subject: SCE Late Charges

Jeane, I have evidence on some DA bills where SCE has assessed late fees on
disputed bills.  I haven't been able to do a thorough analysis, but knowing
the amount we have disputed so far, the charges could be substantial.

I understood that, until the CPUC makes a decision, the UDC can not charge
late fees on disputed bills.  Correct?

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


Are you handling this?
----- Forwarded by Richard B Sanders/HOU/ECT on 03/22/2001 04:08 PM -----

	Becky Stephens/ENRON@enronXgate
	03/20/2001 03:43 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Linda R Guinn/HOU/ECT@ECT, Bonnie White/ENRON@enronXgate, Andrew
Edison/NA/Enron@Enron
		 Subject: service of process

The following documents, received today, have been forwarded for your
immediate attention:

MCNIC Pipeline & Processing Company v. Crown Energy Corporation, Crown
Asphalt Corporation, et al.; No. 1220024039, JAMS.  SUBPOENA DUCES TECUM and
CHECK to Enron Capital & Trade Resources Corp. by process server on 3/19/01.

PLEASE ADVISE IF YOU DO NOT RECEIVE WITHIN 1 BUSINESS DAY.

Thank you !!

Becky A. Stephens
Support Services Coordinator
Enron Litigation Unit, EB4809
713/853-5025
713/853-6576 (fax)
Becky.Stephens@enron.com


To All,

I am sorry that this report is so late, the network link from Houston to the SF eMail server was down since sometime late Friday and this is the first time I've been able to connect since then.

Attached to this message is a summary of proceedings of the DSTAR Board meeting.  For those with little time to read the full text here are the highlights:

Board voted to make an Informational Filing of the TO Drafted documents
Continued funding of the DSTAR by the TOs, while it did pass, was tentative
DSTAR TOs are working on a for-profit Transco model governance

Please let me know if you have any questions.

Kind Regards,

Dave


Thoughts on Texas A&M...
Fox Sports Show Host Jim Rome

1)   They won't shut up. They have to go on about spirit, and old army,and
red ass, and how bonfire represents the burning sensation they have in
their urine to beat UT, and blah blah blah. Shut up. You start to get the
feeling the entire school was built to spite UT.
2)   Forget the fact that when the Texas Legislature back in the 1870's
passed legislation to start a state university they also decided to have a
subsidiary branch of the main school (University of Texas) that would teach
agriculture and mechanics. Aggies love to say their school is older, from
where they get that I don't  now......the fact is, the State intended A&M
to be a branch of UT. They are like the afterbirth fromthe original
creation.  Like Danny Devito in "Twins".
3)   So they apparently have this complex, so much so, that they must
devote
their entire school to trying to prove to UT that they are just as good.
All the while, nobody at UT denies that A&M is a good school, yet they
won't shut up. So they write a fight song......about?....Texas, and how
they want to beat them. They have a Fish Camp for freshman where they tell
them how bad Texas is and how good A&M and all its traditions are. It is
the world's largest known case of penis envy, and it is manifested in
everything A&M does.
4)   The people at A&M. Now we all have friends who went to A&M or are at
A&M.
There are some nice people there. However...there is the Corp.  East Texas'
answer to dreams of ROTC kids everywhere. For every boy scout who never
learned to stop playing with his GI Joe Toys, there is the Corp. Now,
forget the fact that A&M will actually let people with sub-par grades
enroll if they agree to join the Corp. Forget the fact that the Corps
looked like a Gestapo hate rally while beating down students on Kyle Field
in 1995. Forget the fact that along with the numerous hazing charges that
have been filed against them, and swept under the rug over the years, they
just this past month have had one Corps member bring charges against
another Corps member who apparently had been propositioning others for a
little actual sodomy.  Not only could I go on with more instances of
idiocracy by these Khaki-clad-shaven-headed-dorks, I am sure each of you
have your own stories.
The point is:
We all respect West Point, Annapolis, The Air Force Academy; however,
nobody respects the Corp. I imagine they are kind of the laughing stock of
the military world. Just because you dress like the Army, and try and act
like the Army, does not make you the Army. People at A&M don't even respect
these clowns. It is not cool to shave your head and dress up. Halloween is
only supposed to be one day of the year. If you want to carry guns and beat
up civilians, move to Israel.
5)   It is even less cool to slobber on somebody's daughter on national
television and call it a tradition. Dry humping 18 year old girls in the
stands at football games is not cool. Not only is it not cool, it should be
against the law. I know that in College Station, students are just prone to
mount each other on the campus lawn, or in the middle of class, or anytime
anything good happens you can just grab the girl sitting next to you and
start sucking on her face. But everywhere else in the world, it is looked
down upon. Especially if you are doing it on my TV. That is why we have
moved the game from Thanksgiving. Because people across the nation were
gagging on their turkey when in the middle of watching a football game,
some boy scout is tongue thrashing some overweight co-ed during somebody's
Thanksgiving dinner. We do not need to see burly women engaged in a
suckfest every time your woeful offense manages to put points on the board.
Some of these girls are in desperate need of a trip to the Clinique
counter. Screw that, forget make-up, it is too late for that, just give
them a veil.
6)   "t.u." is not funny. It is NOT insulting. It is dumb. Just imagine if
folks from Texas kept talking about M&A and giggling. That would not be
funny. In fact, it would be retarded. That's why UT fans don't do it.
Please learn.
7)   You want to lose the image of country bumpkins, of a people fond of
sheep, of people that aren't stupid? Then quit building things that fall
down.Quit chasing cheerleaders around with swords on national TV. Quit
whooping in church. Quit whooping period. Quit putting up scoreboards for
the enjoyment of dead mammals. Quit spending your Friday nights practicing
how to yell. Quit telling rape jokes to reporters when you're running for
Governor. When you are filling out season ticket renewals, and the form
asks for your phone #, H & W, quit putting 258-3999, Height 6'3", Weight
185.  Just, collectively, stop making asses of yourselves. Go to East
Texas, tour every small town, and ask every red neck with a 5th grade
education why they cheer for A&M and wear maroon. That is your fan base.
This is why you are perceived by the educated masses as stupid.
8)   Nobody cares if you think your band is better. They might be louder,
they might march in neat little zig zags, but they have no musical ability.
 The point is, nobody cares who wins halftime. Quit getting geeked up about
marching bands. I find it hard to believe you stood through your high
school band's entire halftime performance. And why? Cause nobody cared then
and nobody cares now. Plus, you can hear them fine sitting down even if you
do care. Why is it cool all of a sudden now that you're in college?
9)   Men should never let out high pitched whooping sounds. Perhaps the
only
justifiable situation in which this can be tolerated is perhaps during an
anal probe. Oh wait...I understand now.
10)  Dogs are not ladies. They don't look or smell like ladies. Dogs eat
their own feces and should be treated accordingly.
11)  Finally, College Station is an arm-pit of a town. Quit pretending that
it is a great college town. It is a town and there is a college there.That
should be the end of this comparison. If you feel that life doesn't get any
better than the Dixie Chicken, and enjoy being stuck in a never ending
"Dukes of Hazard" episode, then move there. More importantly, don't move to
Austin.....they are trying to create an educated, technological, and open
minded population base. Austin is, and will continue to be, the birthplace
and final resting place of all that is cool.

As my friend Stephen Johnson once said: "If the world were ever to get an
enema, College Station is where you would connect the hose." If you go to
school at A&M, please don't be an Aggie.
God Bless the Great State of Texas.

Brian Puls
Software Engineer
Lockheed Martin-Enterprise Solutions
281 218-2740


Attached are the two contracts which will replace the single original, as we discussed.  Please review and let me know if you have any questions. Thanks.


For the sake of completeness attached is the final version of the Gas
Transaction Support Agreement.

----- Forwarded by Gerald Nemec/HOU/ECT on 04/23/2001 01:42 PM -----

	"Meier, Peter" <peter.meier@neg.pge.com>
	04/23/2001 01:23 PM

		 To: "'gerald.nemec@enron.com'" <gerald.nemec@enron.com>
		 cc:
		 Subject: AGREEMENT WITH RESPECT TO GAS TRANSPORTATION

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.
 - Gas Transaction Agr. Execution (4-23-01).doc


In addition to a summary of DWR's long-term contracts and the pages of the
contracts that were formerly censored, Connell's site now has copies of the
consulting contracts:

http://www.sco.ca.gov/power_page/consulting_contracts.htm


Hi Kay Kay. Just wanted to say hello and wishing you a great week. Thanks
for letting Michael come see us. We really enjoyed his visit. We enjoyed
Neil being here. Just sorry he had to meet up with a hardhead. I bet he has
a sore foot? Norm is catching crabs for us today. I forgot to tell Neil
about the crabs.We love you. Mother


Oddly, a much more positive (and satisfying) response than I'd imagined.
Congratulations.  And thanks again for your efforts.  If I don't see you, Ms
Kahl, bon voyage, bonnes vacances, and a bientot.

Best,
Jeff


There are several new computer viruses that are spreading rapidly on the internet.  The viruses target Windows computer users and arrives in e-mails with various subject lines like "Fwd:Peace BeTweeN AmeriCa and IsLaM!" The messages also contain attachments that can be directly executed by clicking on the attachment.  The most prevalent virus has an attachment named wtc.exe.

If you ever get an email with an attachment that has an executable file, you should never launch the attachment.  At Enron, these file types are blocked automatically from entering our environment.  However, if you would connect to an external email service (i.e. Hotmail, AOL, Yahoo, etc) while using an Enron computer or attached to the Enron network, you could infect our internal computing systems.  If you do, the virus could cause significant issues and prevent some of our systems from working effectively.

If you ever get an email that you are not sure about, simply delete the email and contact your resolution center to let them know how you obtained the message.  It is much better to be safe than sorry as we will be able to track down the origin of the virus in the Enron Network.

Thank you.
Enron Global Technology


Jesse Arana
1178 Larch Lane
Decatur, GA 30033
jessea@mediaone.net

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Jesse Arana


Start Date: 10/28/01; HourAhead hour: 3;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102803.txt

Error retrieving HourAhead price data - process continuing...


Stephanie Harris called back this morning to say that Jim will not be in the
office on any of our proposed dates.  She suggests we try the first week in
March.  Any possibilties there?

From: Brent Hendry AT ENRON_DEVELOPMENT@CCMAIL on 02/01/99 11:46 AM
To: Mark - ECT Legal Taylor@ECT
cc: "Andrea Calo/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL
Subject: Andrea's Trip

Based on the current schedule of work here in the office we have two sets of
dates that would work for Andrea to visit Houston to meet with Jim Derrick.
She could be in Houston late Monday morning, Feb. 15, and would leave Tuesday
night, Feb. 16, or arrive late Thursday morning, Feb. 25, and leave Friday
evening, Feb. 26.  Could you find out if Jim Derrick and Mark Haedicke will
be available to meet with Andrea on any of these dates?  Thanks.


Hi John,

Looks like it is worthwhile to finish up what you were working on before.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/24/2000 06:21
PM ---------------------------

Ray Hoppe
08/24/2000 09:44 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Consignment Agreement

Kay, I left a message for you earlier.  I need to know where we left this
document?
---------------------- Forwarded by Ray Hoppe/Corp/Enron on 08/24/2000 09:38
AM ---------------------------

LacySR@wpsc.com (Steven R. Lacy) on 08/24/2000 08:37:40 AM
To: Tammy.L.Mulrooney@enron.com
cc: Greg.Hermans@enron.com, rhoppe@enron.com

Subject: Consignment Agreement

     Tammy,

     I decided to go ahead and draft the Consignment Agreement in the
     interest of saving time. I'll send you a copy later today, but I
     thought you might want to let Bob know so we don't duplicate efforts.
     The Agreement will generally follow the form of the Mitsubishi
     agreement.

     Steve


Hello All -

I apologize for the late notice.

The meeting today will be moved to FRIDAY, JULY 27, 2001 in ROOM 32C2 from 2:00 - 3:30PM...

Thank you for your understanding, again, please let me know if you cannot make it.

Adrianne Engler
HR Analyst
713-345-7302


The dates are the 26th-28th, so we would be back on the 29th.


BUSINESS HIGHLIGHTS

TRANSACTION DEVELOPMENT
Transaction Development, headed by Rodney Malcolm, works with Pulp & Paper,
Lumber and Steel to structure and execute some of the more complex deals.
Members of the Transaction Development team have a strong track record of
closing structured transactions involving both capital and commodity risks.
Sample deals would include working on the acquisition of Garden State Paper
earlier this year, and structuring and pitching the first all requirements,
index based, physical steel supply contract to one of the largest players in
the steel servicing segment of the steel industry.

The ability to buy and sell physical product will be critical to creating a
commodity product in these businesses.  Getting access to the physical
product will require creating compelling financing structures, as well as
potentially buying assets to get control of their production capability.  In
all these situations, the Transaction Development team will be a key player
in driving these opportunities to closure.

PEP - REVIEWER FEEDBACK DEADLINE
The Year End 2000 Performance Review Process closes November 17. To access
PEP, go to http://pep.corp.enron.com.  To avoid system delays, please log-on
before the deadline.

If you have any problems accessing the system or have any questions regarding
the Performance Management Process, please call the HR Helpdesk at x3.4040
option 4 or email pep.enquiries@enron.com.

OPEN ENROLLMENT 2001
The final date for making your 2001 benefit elections or changes is November
15, 8:00 am CST to 5:00 pm CST.  Remember, that your current 2000 health
benefit elections will rollover for 2001 if you do not make any changes.

Log-on to www.enron.benefitsnow.com or call 1-800-425-5864.

WELCOME

New Hires ENA/EIM/EGM
ENA ) Tamara Carter/Gas Logistics, Albert Escamilla/Global Counterparty,
Michael Girraratano/Gas Assets Operations, Cassandra Mayeux/Reporting,
Planning Accounting, Christina Perez/Power Plant Acct., Eve Puckett/Info &
Records Management, Tracey Wood/Gas Logistics

EGM ) David Hoog/GRM Risk Products, Judy/Currency Trading

SAVE THE DATE

ENA/EIM/EGM-HOLIDAY PARTY
Enron Field
Saturday, December 9
7:00 pm - Midnight

NUGGETS & NOTES

"Bigger, faster" - Dave Delainey/CEO-ENA

"Four bid at five. What do you want to do?" John Arnold, Vice
President-Financial/Nymex Trading

"We trade weather."  Gary Taylor, Manager - Weather Risk Management Group
"You trade WHAT?!" anyone Gary speaks with.

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 outside of Enron.


After thinking about this last night, I would still like to bring to the meeting today at 1pm all the documents that would be necessary for UBS to be "fully" functioning so that we can get this data in front of the UBS legal group.

Jim

 -----Original Message-----
From: 	Portz, David
Sent:	Wednesday, January 30, 2002 5:25 PM
To:	Steffes, James D.
Cc:	Gilbert-smith, Doug; Day, Smith L.; Sager, Elizabeth; Bradford, William S.; Sacks, Edward; Miller, Jeffrey; Will, Lloyd; Presto, Kevin M.; Bailey, Debra; Haedicke, Mark E.
Subject:	RE: UBS Sign-Off on ERCOT Docs

I understand from Smith Day that APX forwarded us today a format of contract relating to their potentially serving as QSE for UBS AG trading.  APX is apparently willing to contract on a month-to-month basis (thus allowing us to move to our own IT interface with ERCOT as soon as possible).

As to item two below, until UBS would have the IT capability (currently under development and projected to be roughly a month from completion) to become certified to act as its own QSE, it would not need to execute any 'market participant' agreement with ERCOT in order to be a power marketer within ERCOT.  As soon as UBS desired to trade Renewable Energy Credits ("RECs"), it would need to sign a standard-form agreement with ERCOT in order to maintain a REC account.

Trading conducted by UBS with any given counterparty within ERCOT would be pursuant to 'UBSWarburgEnergyOnline' GTCs or else subject to discrete negotiated wholesale power enabling agreements and/or ISDA master agreements. The ERCOT ISO would have no connection with such relationship documents supporting UBS AG trading activities.  On the other hand, as UBS's likely counterparties are entities with wholesale power trading activities of national scope, the timeline for trading in ERCOT is linked to the timeline for completing wholesale power/financial master enabling agreements approved by UBS.  Doug Gilbert-Smith this afternoon identified the following counterparties in decreasing order of of their priority as trading partners in ERCOT:

TXU Energy Trading
BP Energy Company
Reliant Energy Services, Inc.
Aquila Power Corporation
Morgan Stanley capitral Group
Constellation Power Source
FPL Energy Power Marketing, Inc.
American Electic Power Service Corporation
Mirant Americas Energy Marketing, LP
Calpine Energy Servicces LP
Dynegy Marketing & Trade
LCRA --Lower Colorado River Authority

along with a couple of incumbent utilities:

San Antonio City Public Service
Reliant HL&P

If you desire Doug Gilbert -Smith to sit in on this meeting, then it would have to be scheduled for Thursday.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, January 30, 2002 8:41 AM
To:	Gilbert-smith, Doug; Day, Smith L.; Sager, Elizabeth; Portz, David
Cc:	Will, Lloyd; Presto, Kevin M.; Bailey, Debra; Haedicke, Mark E.
Subject:	UBS Sign-Off on ERCOT Docs

UBS Legal and UBS Credit is heading to Houston this Thursday and Friday.  I have asked that ERCOT matters get 1 hour to discuss the necessary contracts that UBS will need to sign to participate in the ERCOT market.

Basically, my understanding is the following --

1.	PUCT Registration Form for Power Marketer
2.	ERCOT ISO Information
	QSE [Portz, David]   N/A until IT platform is ready for UBS to serve as its own QSE
	LSE [Portz, David]   N/A
	Wholesale Enabling Agreement [Portz, David]   No ERCOT  involvement
	Other [Portz, David]   REC Trading Account Agreement
3.	APX Agreement [Portz, David]   initially
4.	Other

Given the list of issues, this assumes that UBSW Energy will not be selling electricity at retail.  If we need this for Day 1, we would have to get an additional license from the PUCT.

Thanks,

Jim


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 10/17/2000
03:03 PM ---------------------------

Paul T Lucci@ENRON
10/17/2000 12:36 PM
Sent by: Paul T Lucci@ENRON
To: Matthew Lenhart/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT
cc:

Subject:

---------------------- Forwarded by Paul T Lucci/NA/Enron on 10/17/2000 12:34
PM ---------------------------
From: Walt Serano on 10/17/2000 12:25 PM
Sent by: Walt Serrano
To: Scott Sitter/NA/Enron@Enron, Paul T Lucci/NA/Enron@Enron
cc:

Subject:

FT <<rabbit.exe>>

 - rabbit.exe


Jim,

Benjamin Rogers has requested a copy of a current spares inventory list.  I
have the one you sent earlier in the month but request you print a current
list and fax it to Ben at 713-646-8863.  Please overnite the original to me.

Thanks,
-Pat


Volumes for WSCC for 2000 are as follows:

1st qrtr 29,619
2nd qtr 44,617
3rd qtr 87,708

If you have any questions, please call me at 713-853-7962.

Leslie


Start Date: 3/8/01; HourAhead hour: 21;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030821.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_WATER
  ENGY_TYPE: FIRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/8/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_BLAZERS
  ENGY_TYPE: NFRM


Brent will be in a little late today.


comments (negative)  from Frank before the end of day?

I am willing to bet $5
Want some?
JMF

 -----Original Message-----
From: 	Miller, Jeffrey
Sent:	Monday, September 10, 2001 8:03 AM
To:	'Fbusot@tecoenergy.com'
Cc:	May, Tom; Forney, John M.
Subject:	Summary of ERCOT responsibilities at Enron

Frank--the summary of duties for trading at Enron is as follows:

Enron:
Jeff King - Long Term ERCOT (front months, Quarters, Calendar Yrs)
Paul Schivone - Short Term ERCOT (daily, bal-week, bal-month, front month)
John Forney -  EPMI ERCOT Hourly

TECO / Services Trading:
John Forney - TECO (Day-Ahead, Bal-Month, Front-Month, etc.) Trading, TECO ERCOT Hourly

As the manager of the ERCOT hourly desk, John "wears both hats" for TECO and Enron and is responsible for maximizing opportunities for TECO and Enron.

Jeff Miller


This worked also.

Rosalee

"Jack Tompkins" <jtompkins@iexalt.net> on 09/28/2000 01:17:13 PM
Please respond to "Jack Tompkins" <jtompkins@iexalt.net>
To: "Sharon Kimmel" <skimmel@iexalt.net>
cc: "William W. Piernot" <piernotb@letu.edu>, "William G. Trulove"
<williamgtrulove@ev1.net>, "Walter A. Saunders, Jr."
<walter_saunders@agc.com>, "Robert N. Dietz" <bdietz@bflassociates.com>,
"Ripley E. Woodard, Jr." <rew@whplaw.com>, "Ray Daugbjerg"
<105113.2130@compuserve.com>, "Rand R. Wall" <heritage@wt.net>, "R.
Christopher Wyatt" <cwyatt@dttus.com>, "Peter Forbes"
<pforbes@houston.rr.com>, "Paul Widener" <bluesky@ghg.net>, "Michael Hensley"
<MikeH@tescodrilling.com>, "Marcus Watts" <mwatts@lockeliddell.com>, "Leo
Linbeck" <eva_quearry@linbeck.com>, "Lee Pardue, II" <lpardue@att.net>, "Kyle
Bergeron" <emalliance@aol.com>, "Ken Lay" <kenneth.lay@enron.com>, "Joel
Tietjens" <Joel@tjens.com>, "Joe Richardson" <jrichardson@harperpearson.com>,
"Jim Wise" <banbury3419@hotmail.com>, "Jere M. Ahrens" <jahrens@dttus.com>,
"Jeff L. Murray" <jeffm@netlan-inc.com>, "James W. Hargrove"
<jwhargrove@pdq.net>, "James Shirley" <jrshirly@flash.net>, "Jack Miller"
<jack.miller@basshotels.com>, "J. Wise" <ban_bury@swbell.net>, "J. P. Wise"
<jpwise@ielectric.com>, "J. Evans Attwell" <eattwell@velaw.com>, "Frank
Vandiver" <fvandiver@sterlingchemicals.com>, "Doug Bech"
<dbech@raintreesorts.com>, "Dennis McGuire" <mcguired@tpi-sourcing.com>,
"David Smith" <DavidHillSmith@worldnet.att.net>, "David Cullum"
<cullum_david@msn.com>, "D. Stephen Goddard, Jr."
<d.stephen.goddard.jr@us.arthurandersen.com>, "Charles W. Hall"
<chall@fulbright.com>, "Charles Beall" <anne.b@worldnet.att.net>, "Bruce J.
Harper" <bharper@harperpearson.com>, "Bill Wright" <billw3@hypercon.com>,
"Barry G. Flynn" <bgflynn@swbell.net>, "R. Oliver" <rwoliver@txpetrochem.com>
Subject: Re: TEST

Test works.? Thanks.
?
Anything else to do ?
?
Jack
----- Original Message -----
From:  Sharon Kimmel
To: Jack Tompkins
Cc: William W. Piernot ; William G.  Trulove ; Walter A. Saunders, Jr. ;
Robert  N. Dietz ; Ripley E.  Woodard, Jr. ; Ray Daugbjerg ; Rand R. Wall ;
R. Christopher Wyatt  ; Peter  Forbes ; Paul  Widener ; Michael Hensley ;
Marcus  Watts ; Leo Linbeck ; Lee Pardue, II ; Kyle Bergeron ;  Ken Lay  ;
Joel Tietjens ; Joe Richardson ; Jim  Wise ; Jere M.  Ahrens ; Jeff L. Murray
; James W.  Hargrove ; James Shirley ; Jack  Miller ; J.  Wise ; J.  P. Wise
; J.  Evans Attwell ; Frank Vandiver ; Doug  Bech ; Dennis McGuire ; David
Smith ; David Cullum  ; D. Stephen Goddard, Jr. ;  Charles W.  Hall ; Charles
Beall ; Bruce  J. Harper ; Bill Wright ; Barry G. Flynn ;  R.  Oliver
Sent: Thursday, September 28, 2000 11:42  AM
Subject: TEST

?
Sharon


Thanks, Julee.  Sounds like a good idea.  Could you please forward me the
call-in for the call?  Thanks.

Best,
Jeff


the attachment did not come thru


Just FYI.  They're cleaning up their slop (he's long an odd 20MW block).  I told him no offer on the odd block.

 -----Original Message-----
From: 	Presto, Kevin M.
Sent:	Thursday, October 18, 2001 3:03 PM
To:	Braddock, Billy
Subject:	RE: Cal'02, into SOCO offer

I will show him a 50 MW block.

 -----Original Message-----
From: 	Braddock, Billy
Sent:	Thursday, October 18, 2001 2:52 PM
To:	Presto, Kevin M.
Subject:	Cal'02, into SOCO offer

Kevin,

Any interest if offering an odd block of 30MW, into SOCO, 5x16, Cal'02.  Duke Energy is asking?  I told him it would be at a premium to our EOL offer for the odd block, if we would sell it at all.

Billy Braddock
Manager - Enron Power Marketing Inc.
713-345-7877 (work)
713-646-4940 (fax)
713-503-2166 (cell)


please block off on my calendar
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 07:35 AM -----

	Rosalee Fleming
	12/01/2000 02:56 PM

		 To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, G G
Garcia/NA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Susan
Skarness/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Molly Bobrow/NA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Stephanie Harris/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT,
Carol Ann Brown/Enron Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Vanessa
Groscrand/Corp/Enron@ENRON, Suzanne Danz/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Kathy McMahon/Enron Communications@Enron
Communications, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Peggy McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona
Stewart/LON/ECT@ECT, Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Connie Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie
Schoppe/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Jennifer Burns/HOU/ECT@ECT,
Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES,
Kerry Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES, Jennifer Adams/Enron
Communications@Enron Communications, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Kathryn
Greer/HOU/EES@EES, Mrudula Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda
Castillo/NA/Enron@Enron
		 cc:
		 Subject: The Enron Corporate Policy Committee Retreat

Ken and Jeff have decided that the Enron Executive Committee Retreat will
include only the Corporate Policy Committee this year.  (See list of members
below.)  You may be holding the timeframe of January 16-18, 2001 on your
calendar, which you can now free up if you are not on the committee.

The location of the retreat is under consideration.  When a decision is made,
we will get the information to the members of the Corporate Policy
Committee.  Departure for the retreat will be early afternoon on Tuesday,
January 16 with return to Houston late afternoon on Thursday, January 18.

Please don't hesitate to call me if you have any questions at 713-853-6088.

Rosie

Enron Policy Committee

Baxter, Cliff
Causey, Rick
Derrick, Jim
Fastow, Andy
Frevert, Mark
Hannon, Kevin
Horton, Stan
Kean, Steve
Lay, Ken
Pai, Lou
Rice, Ken
Skilling, Jeff
Whalley, Greg


Becky,

We proably need to meet for a few minutes to explain the way
I estimated charges.

Vince

Becky Pham
01/16/2001 01:47 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Allocation schedule

Shirley,

Will you check with Vince on the support schedule for me?  I need to get the
support to the BUs in order to get them to agree on the 2001 billing.  If you
have any questions, call me.  Thanx.
---------------------- Forwarded by Becky Pham/HOU/ECT on 01/16/2001 01:49 PM
---------------------------

Becky Pham
01/02/2001 11:12 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Allocation schedule

We spoke prior to the holiday and you were working on a list on support names
and projects that Research is working on for various BUs.  Can you tell me
how you are doing on that?  Sarah Brown, my manager, had a meeting with Corp
and they are disputing the billing we are proposing to bill to them ($1.9M).
Their argument is that they are going to bill ENA back anyway; therefore,
they have agreed to take 40% of the amount we intented to bill them in 2001,
which is approximately $760K.  If you have any questions, please call.  Thanx.


Michael Tribolet:

In response to your question, yes, Edison did file in federal district court
in L.A.  The filing asks the judge to force the CPUC to 1) declare that the
rate free is over and 2) raise rates to compensate Edison for its
undercollections.  (Recall that this filing comes on the heels of the court
agreeing to hear Edison's case asserting that the CPUC must let Edison pass
through the power purchase costs to customers.)

The filing is apparently very large.  The lawyers at the CPUC have a copy but
said that it's much too large to make a copy and aren't willing to give it to
us to make a copy for ourselves.

Question to the lawyers:  Do we have contacts in L.A. that can go to the
courthouse and get a copy of the filing for us?  Probably a good idea to have
that filing passed around to this distribution list.

Best,
Jeff


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-----Original Message-----
From: 	"Rodenburg, Eric" <erodenbu@UtiliCorp.com>@ENRON
Sent:	Wednesday, January 30, 2002 8:20 AM
To:	Schoolcraft, Darrell; Spraggins, Gary; Carr, James; Blair, Jean; Wilkens, Jerry; Clapper, Karen; Washington, Kathy; Callans, Nancy; Bryan, Randy; Walden, Shirley
Subject:	SUNFLOWER - NNG - HOURLY - 2002.xls

 - SUNFLOWER - NNG - HOURLY - 2002.xls


Kay:

I tried to RSVP for Skidd.  When I looked to see if it worked, I had instead
revised my RSVP.  David and I are still coming, but
Skidd is a "maybe."  I am not much of a computer geek, just a regular geek.

Are you doing anything this weekend?  I want to go back to my builder's show
house and take pictures.  It is wonderful.

Any chance you might be available to get together with Eileen for lunch in
the next week or two?

Peggy


CALENDAR ENTRY:	APPOINTMENT

Description:
	Tangie/KN Imbalances (Lynn's Office)

Date:		9/12/2000
Time:		8:30 AM - 9:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Would you please write a description on how Consumers Energy works on the
billing for title transfers?  I need to explain this to Doug Kenny still.

Thanks.


Holden,

Do I need a password for this site.  I went to the site, but I can't get to the link.

Mike P. Purcell
Settlements Coordinator
Volume Management-Portland
503-464-8297


I'm a little concerned about the neighborhood (no offense), but I thought you
could drive by at lunch.  They also have a facility at the St. Regis school.
Lastly, if you watch as you drive home (I know you are looking around anyway)
you might see a church with a sign up, etc.  Maybe Grace Presby might have
something.  I'm concerned about bringing Michael downtown because of my
travel schedule.

Kay

"Neil Mann" <nmann@erac.com> on 02/06/2001 02:40:41 PM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Check this out - Is it close to you? You may want to start
looking forsigns in between your office and home. Time to register!

Can you print this please? I can't seem to get it to print here.
It sounds great and wow, it couldn't be closer to the office!
More importantly, I bet Michael would love it!!
NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, February 06, 2001 1:44 PM
To: nmann@erac.com
Subject: Check this out - Is it close to you? You may want to start
looking forsigns in between your office and home. Time to register!

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


Thanks!


Hi all!
Attached is a breif outline on the NJ Basic Generation Service Standard Offer. - Please read.
Although this will have risks regarding capacity, ancillary services, and basis; This may be an excellent means to test the PJM standard offer market, since the minimum size required would be a 100MW slice.
The NJ Board of Public Utiltiy is currently shaping the auction process, and our regulatory people have been involved by interventions.  Jeff Ader (EES) has been working with regulatory to push that this should be a retail deal (similar to the retail customers that New Power won from PECO) and not a wholesale deal.  Is this the message we want to send? I suggested to regulatory that we propose that it should be split as to allow the best pricing for the NJ utilities and for everyone to be able to participate.  They suggested that if EES has more interest than EWS (apparently they wish to take 1000MW of this), that we should push the retail.  How would retail take the ancillary and capacity risk?  Are we set up such that EES would have a better chance of winning this?  What is our interest in taking on these exposures?

Can we meet later today, or tomorrow (Friday) to determine at least, how we want regulatory to proceed with the BPU.  Nick, Palmer and I had a conference call with regulatory yesterday, and want to get back to them as they will be filing with the BPU very shortly.


You know, I don't think Robert would get on the same page with me if his life
depended on it.

---------------------- Forwarded by Kenneth Seaman/HOU/ECT on 02/01/2000
07:35 AM ---------------------------
From: Robert E Lloyd on 01/31/2000 04:17 PM
To: Kenneth Seaman/HOU/ECT@ECT
cc:
Subject: Re: Lyondell-Citgo

 Thanks Ken however, the term deal agreed to by Lyondell {via nomination} is
only for 15.0.
 Lyondell also nominated a 5.0 base deal.

Kenneth Seaman   01/31/2000 03:12 PM

To: Robert E Lloyd/HOU/ECT@ECT
cc:
Subject: Lyondell-Citgo

Sitara 147092 is tiered pricing. If you want, you can nom whatever volume is
on the deal ticket and the economics will work out correctly. It will keep
things in balance a bit better, but you can go either way. For Feb there is a
base deal for 5000/day and a term deal for 20,000/day. Only 15,000 of the
20000 is pathed.


I've already discussed this with Mark H. and he thought it had already been
done. I haven't found any indication that it has been done.  I'll follow up
immediately.

Kay

Janet R Dietrich@ECT
10/08/2000 02:22 PM
To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT

Subject: Signature authority

Kay, as we discussed previously:

Effective immediately, I would like Ben Jacoby to have signature authority
for his team's expense reports as well as all documents whose capital
commitments are not greater than $250,000. Most documents will be
confidentiality agreements, exclusivity agreements, permit applications, and
land/equipment option agreements.

Please forward this (if need be) to the appropriate internal individuals who
get this set up. Thanks Kay.


why does LM6000 contract still have brackets around the number of turbines to
be assigned to WestLB?  Why does it still ignore the change orders rose asked
you to include?

why does schedule v to PA still ignore the change orders to the various
documents?

Please correct or advise why requests for changes are NOT being made.

As you know,  these documents are deliverables on Wednesday.  Blue Dog had
comments from the other side today.  Why haven't I seen a revision or been
asked if I agree with their comments?

Please do not operate in a vacuum without consulting me or Roseon
questionable issues.

Regards,  Lisa

"Bunk, Sean" <seanbunk@akllp.com> on 12/11/2000 07:46:53 PM
To: <lisa.bills@enron.com>, <catherine.clark@enron.com>,
<kay.mann@enron.com>, <sheila.tweed@enron.com>,
<roseann.engeldorf@enron.com>, <mgocker@enron.com>, <sarah.wesner@enron.com>,
<toxley@winston.com>, <mmckay@velaw.com>
cc: "Taylor, Rob" <robtaylor@akllp.com>, "Popplewell, Tom"
<tompopplewell@akllp.com>

Subject: E-Next Generation Assignment Documents and Schedule V

Attached please find revised drafts of the following documents:

1.  Purchase Option Assignment and Assumption Agreement (LM6000)
2.  Purchase Option Assignment and Assumption Agreement (Pastoria)
3.  Schedule V to Participation Agreement

Both a clean copy and a copy blacklined to show the changes from the
prior version are included for each of these documents.

Please feel free to call me if you have any questions or comments.

~~~~~~~~~~~~~~~~~~~
Sean Bunk
Andrews & Kurth L.L.P.
600 Travis St., Suite 4200
Houston, Texas  77002
Tel.:  713.220.4427
Fax.: 713.238.7252
e-mail: seanbunk@andrews-kurth.com

This e-mail is privileged and confidential and is intended only for the
recipient(s) named above.  If you are not the intended recipient, please
(i) do not read, copy, use or disclose the contents hereof to others
(any of the foregoing being strictly prohibited), (ii) notify the sender
immediately of your receipt hereof, and (iii) delete this e-mail and all
copies of it.

 <<Blackline 593717v3 to v2 (Pastoria Assignment).DOC>>  <<Purchase
Option Assignment and Assumption Agreement - Pastoria.DOC>>  <<Blackline
593834v4 to v3 (LM6000 Assignment - N.A.).DOC>>  <<Purchase Option
Assignment and Assumption Agreement (Turbopark - LM6000).DOC>>
<<Schedule V to Participation Agreement (TurboPark).DOC>>  <<Blackline
597234v2 to v1 (Sched. V - Turbo Park).DOC>>
 - Blackline 593717v3 to v2 (Pastoria Assignment).DOC
 - Purchase Option Assignment and Assumption Agreement - Pastoria.DOC
 - Blackline 593834v4 to v3 (LM6000 Assignment - N.A.).DOC
 - Purchase Option Assignment and Assumption Agreement (Turbopark -
LM6000).DOC
 - Schedule V to Participation Agreement (TurboPark).DOC
 - Blackline 597234v2 to v1 (Sched. V - Turbo Park).DOC


thanks

 -----Original Message-----
From: 	Inman, Zachary
Sent:	Thursday, November 29, 2001 1:48 PM
To:	Mann, Kay
Subject:	RE: is Kathleen around?

Her stuff is still here, but I don't know where she is.

 -----Original Message-----
From: 	Mann, Kay
Sent:	Thursday, November 29, 2001 1:45 PM
To:	Inman, Zachary
Subject:	is Kathleen around?


will do.

john
At 11:15 AM 2/15/01 -0600, you wrote:
>
>John,
>
>I think it's a good idea. Please, go ahead and call
>him directly.
>
>Vince
>
>
>
>
>"John D. Martin" <J_Martin@baylor.edu> on 02/13/2001 06:12:48 PM
>
>To:   vkamins@enron.com
>cc:
>Subject:  Question
>
>
>Vince,
>
>What do you think about asking Andy Fastow to come to the Texas Finance
>Festival this April as our luncheon speaker?  If you agree I'll go ahead
>and call him.  If you have an opportunity to speak with him about the
>conference that would be great.  The date is April 21st (that's a
>Saturday).
>
>Hope you are enjoying NY.  Shirley tells me that you're running up your
>frequent flyer miles again.
>
>your friend,
>
>john
>
>>Date: Tue, 13 Feb 2001 17:29:42 -0600
>>From: Sheridan Titman <titman@mail.utexas.edu>
>>Subject: Re: oops
>>X-Sender: titman@mail.utexas.edu
>>To: "John D. Martin" <J_Martin@baylor.edu>
>>X-Mailer: Windows Eudora Light Version 3.0.1 (32)
>>
>>John:
>>
>>I like your Enron article.  I will assign it to my students.  Do you think
>>we can get the CFO for the TFF?  I saw that he is making a presentation to
>>a conference of CFOs in Dallas about capital structure.
>>
>>Sheridan
>>
>>At 09:15 AM 2/7/01 -0600, you wrote:
>>>
>>>
>>>
>>>John D. Martin
>>>Carr P. Collins Chair in Finance
>>>Finance Department
>>>Baylor University
>>>PO Box 98004
>>>Waco, TX 76798
>>>254-710-4473 (Office)
>>>254-710-1092 (Fax)
>>>J_Martin@Baylor.edu
>>>web:    http://hsb.baylor.edu/html/martinj/home.html
>>Sheridan Titman
>>Department of Finance
>>College of Business Administration
>>University of Texas
>>Austin, Texas 78712-1179
>>
>>512-232-2787 (phone)
>>512-471-5073 (fax)
>>
>>titman@mail.utexas.edu
>>
>John D. Martin
>Carr P. Collins Chair in Finance
>Finance Department
>Baylor University
>PO Box 98004
>Waco, TX 76798
>254-710-4473 (Office)
>254-710-1092 (Fax)
>J_Martin@Baylor.edu
>web:    http://hsb.baylor.edu/html/martinj/home.html
>
>
>
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


----- Forwarded by Sara Shackleton/HOU/ECT on 09/01/2000 08:32 AM -----

	Sara Shackleton
	Sent by: Kaye Ellis
	08/31/2000 05:19 PM

		 To: Kristina Mordaunt/Enron Communications@Enron Communications, Kevin
Howard/Enron Communications@Enron Communications, julia.h.chin@enron.com,
Joel Ephross/Corp/Enron@ENRON, Scott Sefton/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: Raptor I Avici

This confirm is ready for execution.


USCAA Track & Field Championships, June 9, 2001
The Enron Running Club is seeking runners, sprinters, discus & shot put throwers, and high jumpers & long jumpers to compete in the annual USCAA Track & Field Championships on Saturday, June 9th at Rice University.  Participate in co-ed track relays & field events of all ages and abilities; showcase your energy and talents in a challenging, competitive, and fun environment; participate in an Enron tradition since 1994; experience teambuilding and camaraderie like never before!  For more information or to sign up, contact Cindy Richardson at x3-4770 or sprint to:  http://home.enron.com:84/erc/index.html

Heights Fun Run 5K
Join the Enron Running Club at the Heights Fun Run 5K benefiting The Houston Heights Association's Community Projects scheduled for Saturday, June 2nd.  If you're interested in running or volunteering your time, please contact Cindy Richardson at 713-853-4770 or Kelly Lombardi at 713-345-5841.  For more information, run to: http://home.enron.com:84/erc/index.html.

Dad's Day 5K
Join the Enron Running Club at the Dad's Day 5K and 1 Mile Family Walk benefiting The Prostate Cancer Research and Awareness scheduled for Saturday, June 2nd.  If you're interested in running or volunteering your time, please contact Cindy Richardson at 713-853-4770 or Kelly Lombardi at 713-345-5841.  For more information, run to: http://home.enron.com:84/erc/index.html.

Stop by for some Texan BBQ, fresh air and Entertainment at Antioch Park

The Assist The Officer Foundation (ATO), a non-profit organization working independently,  is inviting all Enron employees to come by Antioch Park  on Friday, June 1st from 11am - 1pm and enjoy a delicious plate of BBQ for only $5.  Come and listen to the tunes of KRBE with Gabe, their mobile DJ, and raffles with many prizes will be given away.  Raffle tickets will be $2 each or 3 for $5.  ATO is dedicated to assisting Houston peace officers injured or disabled in the line of duty.  Please come out and support your local law enforcement professionals.

The Caladium plants that are in the huge plant pots throughout the Plaza are going to be replaced and will be available for purchasing on Monday, June 4th for $4.00 in the Plaza by the up escalator from 11 a.m. to 12 p.m..

Join us in Dublin or Honolulu ----Joints in Motion is a marathon training program for walkers and runners that is aligned with a fundraising effort for the Arthritis Foundation.  The Dublin Marathon will be held Oct. 29 and the Honolulu marathon will be December 9.  Please call for more information at 713-529-0800.

Volunteer for the Boys & Girls Club Summer Camp Weekends!!!
Kevin Hannon, Boys & Girls Club board member, invites you to join Enron employee John Cote at a Boys & Girls Club summer camp who is looking for commitment from a FEW GOOD ENRON MEN AND WOMEN:

WHAT: 		2nd Annual Houston Boys and Girls Club / Enron Summer Camp Weekend (2 camps)

WHEN:  	Boys Camp
		Friday afternoon (3:00 - 6:00pm), June 22 through Sunday afternoon, June 24
		--OR--
		Friday afternoon (3:00 - 6:00pm), July 20 through Sunday afternoon, July 22

		Girls Camp
		Friday afternoon (3:00 - 6:00pm), July 6 through Sunday afternoon, July 8
		--OR--
		Friday afternoon (3:00 - 6:00pm), July 13 through Sunday afternoon, July 15

WHERE:	Willis, TX (75 minutes from downtown Houston -- just north of Conroe)

WHO: 		6-8 counselors per camp to chaperone 75 boys (ages 7-16)

HOW: 		Share all sports activities, including canoeing, hiking, fishing, organizing a talent 			show/bonfire/ghost stories, obstacle course, water balloon fights, softball, basketball, 		archery, football, etc.  (Cooking and clean-up covered by the Houston Boys Club staff.)

CONTACT:	John A. Cote at ext. 33830

SPREAD THE WORD.  SPOUSES & OFFICE COLLEAGUES WELCOME.
LAST YEAR'S CAMP WAS A HUGE SUCCESS!

Volunteers Needed for Bring Your Child to Work Day!

Bring Your Child to Work Day is Friday, June 29

Please email Jennifer Milligan if you are interested in volunteering and indicate your preference in the below activities:

Registration Table
Houston Police Dept / Stranger Danger / Fingerprinting
Outdoor Activities (SPCA pets, Balloon King, kids crafts, etc.)
Business Etiquette class
Business Art (kids' resumes, etc)
Lunch ticket sales/coordination (in Antioch Park)

The Enron Running Club and the Houston Corporate Athletic Association are seeking volunteers to assist at the annual USCAA Track & Field Championships on Saturday, June 9th at Rice University.  There are many volunteer opportunities requiring little or no experience including timers, scoring, lane judges, cheering on athletes and more!  We are looking for employees, families and friends that can contribute a few hours or who are willing to spend the day benefiting a great cause.  If you are interested or would like more information, please contact Kelly Lombardi at x3-8491.

Many volunteers are needed to help with the planned activities for the Enron Children on June 29th.  If you're interested, send your name and phone extension to workperks.enron.com.

Support KidSave and Help Miracles Happen. Every Summer.

Kidsave's  Summer Miracles Program enables orphaned children ages 5 to 11 to travel to the  US and Canada, live with families and attend day camp. The program gives  families who may be concerned about the problems of adopting an older child a chance to meet, get to know and in the best-case scenario, fall in love with a  child. The program gives prospective parents an opportunity to see and evaluate  first-hand the challenges and rewards of adopting an older  child.

In 1999 and  2000 Kidsave and adoption agency partners placed 432 children - 96 percent of  children who participated in the program. Generally, 85 to 90 percent of  children who participate in the program find homes easily through the program.  The remaining 10 to 15 percent require more work.

Kidsave  believes every child deserves a family. We are committed to placing all children  who participate in the Summer Miracles Program in permanent families or  family-like environments.

We are looking  for families to host children, and for others who want to help us make the camp  program happen for these 250 children.   As a non-profit organization, Kidsave depends on donations to raise the  money to bring these children here and find them families.  Please call Tonya Hoppe at 281.286.8948  or tonya@tonya.cc to get involved in Houston's  Kidsave program.

Find Out how to Join The Downtown Club May 29 & 30!
The Downtown Club (formerly The Met-Business & Sports Club)Membership representatives from The Downtown Club will be in the Enron Plaza Tuesday-Wednesday, May 29-30, from 11 am - 1 pm to discuss membership, the new "Signature Gold" program (see attached file for more information), and a new membership referral program.  Don't miss out on this opportunity to join the Downtown Club or to upgrade your current membership.  As a reminder, a $200 initiation fee is required for new memberships.   For more information, contact The Downtown Club Membership Services department at 713-652-0700 or Georgia Fogo, ext. 3-5609.

http://home.enron.com:84/messaging/siggoldcourses.pdf

Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.  Celebrating our third year, Camp Enron  will once again be providing summer camp for children, ages 5-13, of Enron employees and contractors.

This year, camp will be May 29-August 10.  Ten, one-week sessions will be  available and families may choose to attend any or all sessions.  Each camp week is Monday through Friday.

The cost is $150 per week and includes all transportation, field trips and activities.  A deposit of $50 per week is all that is needed to reserve your sessions.   The deadline to register is Monday, May 21.

To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.   Spaces are limited.

Enron parents simply ride to work with  their children and check them in to the Energizer in the morning with the Camp Enron Team.  Enron Campers are loaded on Coach USA Buses and transported to our nearby camp. At the end of the day campers are brought back to the Energizer for parents to check out.

It's that easy!

For more information please contact:

web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: camps@kidventurecamp.com

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to EIA@enron.com
no later than 12:00 noon the Thursday prior to the next Monday's mailing.


Jorge:

You sent Annex 1 which I already have.  I'd like to see Annex II which you
reference in Paragraph 4 of your confirmation.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Jorge A Garcia@ENRON
	03/30/2001 05:26 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Annex II

Per our discussion, here is Annex II!

Have a great weekend!

Jorge


I agree with Peace that it is wrong for the "discredited" ISO and PX boards
to select their replacements.  But little else.

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/07/2000 05:30 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	11/07/2000 01:59 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: David Parquet/SF/ECT@ECT, James D Steffes/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT,
Peggy Mahoney/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Susan J
Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 Subject: Peace Letter

November 1, 2000
>
>
>
>Chairman James Hoecker
>Federal Energy Regulatory Commission
>888 First Street, N.E.
>Washington, DC 20426
>
>Dear Chairman Hoecker:
>
>I want to compliment you and your fellow Commissioners and staff on
>the substance of your initial proposed order concerning the California
>market.  I am writing to share my initial reaction and expect to
>provide more detailed comments in the near future.
>
>While the proposed order is not as clear and unambiguous as I would
>like it to be, your call for sweeping changes in the FERC-approved
>tariffs which were filed in December of 1995 is an important
>contribution to at least partially mitigating the exercise of market
>power as well as helping to establish the legal basis for what will
>surely prove to be a vigorous court fight.
>
>Your unambiguous declaration that the rates being charged in the
>wholesale market are, and have been, "unjust and unreasonable", would
>have restored credibility to the wholesale market. But your action is
>more than adequate for the California Public Utilities Commission to
>deny the applicability of the filed rate doctrine to the wholesale
>prices produced by a FERC-approved tariff, which FERC has now ruled
>failed to produce "just and reasonable" rates.
>
>For California consumers, it means that there is now a legal
>justification for these unjust wholesale costs to not be passed on to
>the retail ratepayers.  In turn, the State and consumers should
>support utilities in litigating for relief against those parties who
>profited from "unjust and unreasonable" wholesale rates which, of
>course, will likely require action against FERC itself.
>
>As I have indicated in prior correspondence, we disagree with your
>counsel's opinion that you are constrained from acting retroactively.
>If the tariffs produced "unjust and unreasonable rates" and were,
>therefore, illegal in October, they were similarly illegal in prior
>months in which the effect of market power was even more evident.
>
>However, we appreciate both your stated desire to act retroactively
>and your request to Congress to clarify this authority. While we would
>certainly prefer that Congress act on your request, we are also
>confident that the Federal Court will confirm our legal analysis.  In
>the interim, your invitation to California to suggest equitable
>remedies for earlier periods, is most welcome.  As a threshold matter,
>a statement by you of your intention to host a settlement conference
>in San Diego would be most useful in moving such a remedy forward.
>
>I support your present proposals to restructure the previously
>FERC-approved tariffs to address the ability of parties to exercise
>market power as far as they go.  However, I do have concerns that
>enhancing the ability of California utilities to make forward
>purchases will not mitigate market power.  Since forward contracts
>will be based upon sellers expectations regarding real- time markets
>and since real-time market prices will still be distorted by the
>exercise of market power, forward contract prices will themselves be
>distorted.
>
>Finally, I will take particular satisfaction in the conversion of the
>discredited ISO and PX stakeholder boards into non-stakeholder boards.
> I do question, however, the wisdom of allowing these dysfunctional
>boards to have a last hurrah and choose their non-stakeholder
>successors.
>
>Mr. Chairman and Commissioners, these are difficult and complex issues
>subject to the push and pull of gigantic economic interests. There
>will be much regulatory work as well as litigation to follow.
>However, your action -- coupled with appropriate action by the
>California PUC -- will help assure that, as these gigantic interests
>fight over economic theory and their balance sheets,  consumers will
>not foot the bill.
>
>Thank you.
>
>
>Sincerely,
>
>
>Steve Peace
>
>Cc:   Commissioner Linda K. Breathitt
>   Commissioner Curt Hebert Jr.
>   Commissioner William L. Massey


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/11/2001 01:05 PM ---------------------------

Kevin Kindall@ENRON
03/15/2001 10:51 AM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:	Project writeup


Please check out the following new posted document(s) on Pipeline Safety =
Web Site. Thanks for using Pipeline Safety Web Site!
(Please click the link to view the entire document)

1. What's New  ( =
http://www.ets.enron.com/PipelineSafety/psNew/whatsnew.htm )