Thanks, Vince, that is great information.

Eric

Vince J Kaminski@ECT
08/25/2000 02:51 PM
To: Eric Thode/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Follow-up

Eric,

Mandeep Chahal, Ainsley Gaddis, Sofya Tamarchenko, Elena Chilkina, James
Aimone
should not count. M. Chahal was transferred to the New Company, the rest are
summer interns
(gone back to school), or part-time high  school or college kids. I shall
walk  around and remind the rest
of the crowd about the deadline.

Vince

Eric Thode@ENRON
08/25/2000 02:31 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Follow-up

Vince --

We have been working the last few days to get ENA's United Way participation
rate up as high as possible.  I called earlier about your Cost Center because
the following 16 employees were listed in Power Trading, but I believe are
part of the Research organization.

If you have a chance, could you encourage them to log onto
http://unitedway.enron.com on the intranet and make a contribution to the
United Way.  The deadline is today.

Thanks.

Eric

Employees in your Cost Center:

Ainsley Gaddis  Elena Chilkina  James Aimone   Jose Marquez
Kevin Moore  Mandeep Chahal Maureen Raymond  Osman Sezgen
Paulo Issler  Peyton Gibner  Pinnamaneni Krishnarao Samer Takriti
Sofya Tamarchenko Thomas Halliburton William Smith   Yana Kristal


Understand.  Enron has been Man's biggest account for years and during that time we have paid them a lot in commissions.  They approached us on Wednesday to try to increase the margin required, even though we were below the credit threshold that had been established in the contracts written 5+ years ago.  I refused to agree to change the margin calculations.  It became clear that Man was uncomfortable with the exposure to such a big account given that Man is a relatively small shop.  I agreed to xpit some positions such that they would get more comfortable with the outstanding risk in the account.  At the same time I told them I was transacting business as usual and if they couldnt handle/didnt want the clearing business I would clear somebody else but that was a permanent decision for them to make.  Clear our business always, or clear it never.  Paribas has stuck with us throughout and I intend to clear the majority of future biz with Paribas.  I agreed during hours of phone calls wednesday that we would xpit specific futures positions on thursday, which we did, but the rest of the position would stay there.  They agreed.  We specifically stated the rest of the positions and the options would stay and we would work out those positions over time.  &!@$ them if they are trying to go back on that.

 -----Original Message-----
From: 	Wesner-Soong, Sarah
Sent:	Friday, November 02, 2001 8:42 AM
To:	Arnold, John; Quigley, Dutch
Subject:	Credit from brokers

ENE is in a severe liquidity crisis.  Even if EDF makes mistakes we have to be careful how we treat them because Enron's cash position is very precarious.  It's good to insist that EDF give us what's owed especially since they seem to be wrong in this case but as far as lines of credit go, ENE is in a much worse position than ever before.

I am going to get a guarantee to Fimat today from Enron Corp with respect to ENA trades.  We have never had to do this before but if I do not get it Fimat will keep their trade line at $11 million.  Soc Gen (extends credit under Fimat line) is being a big pain but having spoken to our bank people we have no choice but to be grateful we are getting credit these days.

Please keep this bad cash/credit situation confidential.


if only i didn't have a position today I'd be ok


Greetings:

Are we supposed to do the reading and the Oracle and Legal Services cases for
Thursday?  Syllabus says yes, but I gather from Tasker's Izio not that we'll
be in the computer center all class doing modeling.  (I'd email her, but she
doesn't get my emails apparently.)  Anyone have a clue?

Best,
Jeff


In todays' MW Daily, there is a summary of the view taken by Republicans on
how the utilities could start paying off back debts.  They say that the debts
could be (partially) be paid off "within the parameters of the existing rate
structure".

Do we have any info on what they're thinking - in this regard?

I'd like to incorporate any such info into our forward tariff curve as soon
as I can.

/TJ


Dropping Derek Alexander (Chiefs)
Picking up Joey Galloway ( COWBOYS!)

Damon


Congratulations, Anna Mehrer from ENA, who successfully raised over $600 for
the MS Walk.  Her success results in winning the TEAM ENRON grand prize of
two round-trip tickets on Continental Airlines.  There were several TEAM
ENRON walkers that raised over $300 - many thanks for ALL of your efforts!

Preliminary numbers are showing Oregon's MS Walk raised over $400,000 to help
find a cause and cure for multiple sclerosis.  Part of that success is due to
TEAM ENRON,S effort; the Oregon MS headquarters reports these TEAM ENRON
results:

?       156 TEAM ENRON walkers registered (EBS, ENA, PGE + friends/family)
? $ 7,092 TEAM ENRON dollars turned in by 4/30/01(approximately 100 pledges
turned in)
? $ 4,525 TEAM ENRON dollars that are being matched by Enron Corp
? $    500  PGE is awarding MS Society as an Employee Volunteer Grant
? $ 2,500  Enron's Volunteer Incentive Program donation on behalf of EBS
Walkers
? $ 2,500  Enron's Volunteer Incentive Program donation on behalf of ENA
Walkers
? $15,000 Enron's Sponsorship of this Event

TOTAL TEAM ENRON RAISED TO DATE:   $32,117

These preliminary numbers should increase once all TEAM ENRON pledges have
been turned in; approximately 50 TEAM ENRON pledges are outstanding.   Please
turn in your pledges by May 25 to the MS office at the following address:

   National MS Society
   Portland Chapter
   1650 NW Naito Parkway
   Suite 190
   Portland, OR  97209
   (Phone:  503/223-9511)

If you have any questions regarding your pledges, please contact Judy Timson,
503/886-0501.

Thank you for making a difference and rising to the challenge!!!

Judy Timson
Project Manager Specialist
Enron Broadband Services
2100 SW River Parkway
Portland, Oregon 97201
Office: 503-886-0501
FAX:  503-886-0102


Per your request,  below is a list of the periodicals that are circulated
through the SWAP group.

Derivatives Week (weekly)
Swaps Monitor (bi-monthly)
Barrels Bars & BTUS (monthly)
Derivatives Report (monthly)
Derivatives Strategy (monthly)
Futures & Derivatives Law Report (monthly)

Let me know if you need anything else.

Taffy

I'm working on the red binder question.  Tana may visit with you to get
details.


Larry,
I just left you a voice mail message.....

ECT Investments, Inc. has been trying to get an executing broker agreement in
place with Frost Securities.  Our legal department has not been getting much
cooperation.  I would appreciate your assistance in resolving this situation
on your end.

Our SR. counsel, Sara Shackleton, 713-853-5620, has been the person who
fowarded our comments to Frost Securities and has now been told that all our
comments have been rejected absolutely.

Please advise.
Sheila


From astrology.com (must I beware of overindulgence in such websites?)
I like the part about charm and charisma and think it is very true.

Sagittarius and Sagittarius
When two Sagittarians join together in a love match, the truth-loving natures
makes theirs a near perfect relationship. This couple views the world around
them with an educated eye and both share an intense hunger for more
knowledge. They will engage one another in pleasant conversation and
banter that challenges and tickles the mind.  An occasional hotheaded dispute
can erupt in the Sagittarius-Sagittarius relationship, when one fact-fanatic
Sag
partner carries things a little too far. Easygoing and independent, these two
are
compatible when it comes to balancing personal interests. They've never known
jealousy, and each partner keeps busy with personal projects when not with
their
lover. When they are together, however, they do all they can toward pleasing
their partner and satiating common interests.  Although they are adaptable
and
modern, they can, at times, fly off the handle. However, it is not in the
Archer's
nature to hold a grudge or let disagreements fester very long.

Sagittarius is ruled by the Planet Jupiter (Luck). Expansion is the key word
here;
as both partners enjoy the acquisition of knowledge, they will carry over
exciting
ideas into their relationship. They must be mindful of over-indulgences, as
such
gluttony will only distract them. Their charm and charisma make them a very
pleasant couple not only to one another, but the entire crowd.


Tana:

Would you please develop an NDA for the following prospective client:

Anglo American plc
20 Carlton House Terrace
London SW1Y 5AN

Contact: Johan Serfontein
Phone: 27-11-373-6800

This will be for a potential private eMarketplace software license sale, similar to my other prospects.

Would you please e-mail me one this afternoon if at all possible?  I am going to send him an e-mail summarizing today's conversation and would like to include this as an attachment.  I'll have Johan get his lawyer to talk to you if they have questions.

Thanks,

Mike

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

Mike Haney
Director, eMarketplace Services
Enron Net Works
713-345-8968
mike.haney@enron.com


From: ISO

ISO no longer forecasts potential load interruptions for 06/18/2001 12:00 through 06/18/2001 20:00 based on system conditions as of 06/18/2001 13:34. See ISO Website for Disclaimer.

For more information contact:
webmaster@caiso.com

EDIS-06-18-01 1333 PDT

---------------------------------------------------------
To update or terminate your subscription to this email service
visit our webpage at http://www.incident.com/edismail.html.

EDIS is operated by the Governor's Office of Emergency Services,
State of California. This email relay is offered by incident.com
as a public service. Because of the complexity of this system and
its dependence on other systems, we cannot be responsible for
delays or failures in transmission.
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I couldn't remember who he was dressed as. I just remember all of us having laughing pretty hard when they sent that to us.

John

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Friday, October 19, 2001 10:43 AM
To:	Postlethwaite, John
Subject:	RE: Happy Halloween Contest and Lunch!

I don't know where all those pictures are.  We received them online, so I am sure they are lost.  Donnie may have them.  Remember, he was dressed as Austin Powers.

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Friday, October 19, 2001 12:11 PM
To:	White, Stacey W.
Subject:	FW: Happy Halloween Contest and Lunch!

This reminded me of the year we got the email picture from the West group when they were dressed up for halloween. Do you know if that is still floating around anywhere?

John

 -----Original Message-----
From: 	Villeggiante, Theresa
Sent:	Friday, October 19, 2001 10:10 AM
To:	DL-Portland World Trade Center
Subject:	Happy Halloween Contest and Lunch!

 << OLE Object: Picture (Metafile) >> What are you going to be this year??? << OLE Object: Picture (Metafile) >>

Please join us in our Halloween costume contest on October 31st.

Pizza and treats will be provided for the floor.
 << OLE Object: Picture (Metafile) >> 				 << OLE Object: Picture (Metafile) >> 					 << OLE Object: Picture (Metafile) >>
We hope you will join us in Halloween fun by dressing up to win a spooky prize.
The four categories will be..... Best, Scariest, funniest, and most original!!!

Which one will you be???
 << OLE Object: Picture (Metafile) >>


Enron CEO Skilling resigns, replaced by chairman Lay
Associated Press Newswires, 08/14/01
USA: CORRECTED - UPDATE 1-Enron says CEO Skilling resigns.
Reuters English News Service, 08/14/01
Enron CEO Skilling Resigns 'for Personal Reasons' (Update 1)
Bloomberg, 08/14/01
Enron Pres, CEO Skilling Resigns
Dow Jones News Service, 08/14/01
UK: UPDATE 1-Enron prepares to restart UK Teesside power plant.
Reuters English News Service, 08/14/01
TALES OF THE TAPE: Some Still Buy The Power Growth Story
Dow Jones News Service, 08/14/01

UK: UK forward electricity prices show gentle weakness.
Reuters English News Service, 08/14/01
INDIA: Indian panel finalises bill for power reforms.
Reuters English News Service, 08/14/01

Enron CEO Skilling resigns, replaced by chairman Lay
By BRAD FOSS
AP Business Writer

08/14/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

NEW YORK (AP) - After less than a year at the helm of energy giant Enron Corp., president and chief executive Jeffrey K. Skilling unexpectedly resigned Tuesday, citing personal reasons.
Chairman Kenneth Lay will take over both positions, the Houston-based company said in a statement.
"I am resigning for personal reasons. I want to thank Ken Lay for his understanding of this purely personal decision, and I want to thank the board and all of my colleagues at Enron," said Skilling, who replaced Lay as CEO in February.
"We regret Jeff's decision to resign, as he has been a big part of our success for over eleven years," said Lay.
Enron, which earned dlrs 979 million on revenue of dlrs 100.79 billion in 2000, owns a 25,000-mile (40,000-kilometer) gas pipeline and merchant power plants in the United States and abroad producing 9,000 megawatts of electricity.
The company has shed many energy assets, including the unit devoted to natural gas and crude oil drilling, now called EOG Resources Inc., to pursue its goal of becoming the industry's premier middleman, bringing together buyers and sellers of energy products. The company also trades metals, paper and fiber-optic bandwidth.
Skilling will continue to work as a consultant for the Houston-based natural gas and power marketing company.
Lay, who was Enron's CEO from 1985 until Feburary 2001, has also agreed to continue working for the company through 2005.
Shares of Enron were off dlrs 2.43, or 5 percent, to dlrs 40.50, in after-hours trading after finishing the regular session on the New York Stock Exchange up 78 cents to dlrs 42.93.
---
On the Net: http://www.enron.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: CORRECTED - UPDATE 1-Enron says CEO Skilling resigns.

08/14/2001
Reuters English News Service
(C) Reuters Limited 2001.

In HOUSTON story headlined "UPDATE 1-Enron says CEO Skilling resigns", please read first paragraph as "Energy giant Enron Corp. said on Tuesday that Chief Executive Officer and President Jeffrey K. Skilling had resigned for personal reasons.", correcting from "...had resigned for personal reasons following months of weakness in the company's stock price and several high-profile missteps."
(Corrects to clarify that company made no reference to stock price or Skilling's performance as reasons for his departure).
A corrected version follows. (Adds byline, details, recasts throughout)
By C. Bryson Hull
HOUSTON, Aug 14 (Reuters) - Energy giant Enron Corp. said on Tuesday that Chief Executive Officer and President Jeffrey K. Skilling had resigned for personal reasons Enron Chairman Kenneth Lay will assume the additional responsibilities of president and CEO at the wholesale energy marketer and trader, positions he held for 15 years until Skilling took over in February, the company said in a press release. Lay has extended his employment agreement with Enron through 2005.
"I am resigning for personal reasons. I want to thank Ken Lay for his understanding of this purely personal decision, and I want to thank the board and all of my colleagues at Enron," Skilling said in a statement.
Skilling was instrumental in creating Enron's core business in natural gas marketing and trading, helping create the industry's first forward markets when he joined Enron in 1990 after a stint as management consultant with McKinsey and Co.
But Skilling's tenure in the No. 2 position has been marred by the underperformance of the company's much-ballyhooed broadband business, a massive and costly payment fight with the Indian government over Enron's $3 billion Dabhol power plant project and the breakup of a marquee video on-demand broadband Internet deal with Blockbuster Inc. earlier this year.
All that has weighed heavily on Enron's stock price since mid-March, when it began an extended period of weakness. In the past year, Enron's stock has fallen from its all-time high of $90.56 reached on Aug. 23, 2000, to less than half that. Over recent weeks it has hovered near its 52-week low of $42. It closed at $42.15 on the New York Stock Exchange Tuesday.
"We regret Jeff's decision to resign, as he has been a big part of our success for over 11 years," Lay said in a statement. "But, we have the strongest and deepest talent we have ever had in the organization, our business is extremely strong, and our growth prospects have never been better."

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron CEO Skilling Resigns `for Personal Reasons' (Update1)
2001-08-14 17:33 (New York)

Enron CEO Skilling Resigns `for Personal Reasons' (Update1)

     Houston, Aug. 14 (Bloomberg) -- Enron's Jeffrey Skilling, who
became the company's chief executive in February, resigned for
personal reasons, the company said.
     Skilling, who joined the company in August 1990, was
president of the company when he was named chief executive in
December. He took over as CEO, replacing Kenneth Lay, in February.
    Lay, now Enron's chairman, will assume Skilling's duties,
Enron said in a statement. Lay's employment contract will be
extended until 2005. The company didn't immediately comment on
what led Skilling to quit.
     ``We regret Jeff's decision to resign, as he has been a big
part of our success for over 11 years,'' Lay said in a statement.
``But we have the strongest and deepest talent we have ever had in
the organization, our business is extremely strong and our growth
prospects have never been better.''
     Lay and Skilling transformed Enron from a natural-gas
pipeline company into the largest competitor in energy trading, a
business made possible by deregulation of gas and electricity
markets in the mid and late 1990s.
     Skilling has predicted that Enron will surpass $200 billion
revenue this year, making it the second-biggest U.S. energy
company behind ExxonMobil Corp.
     Though revenues have surged, profit margins have been weak
and the company hasn't been popular with investors, analysts say.
     ``If you look at the stock perform since he's taken over,
it's been pretty dismal,'' said Andre Meade, analyst with
Commerzbank Capital Markets. ``I assume he's been under some
pressure just based on share performance.''
      Enron will find it difficult to find someone who can take
over for Skilling, analysts said.
     ``My hunch is there is no immediate, capable, hands-on
replacement for the likes of Jeffrey Skilling,'' said Bob
Christensen, an analyst with First Albany Corp.
     Enron announced Skilling's departure after the close of stock
market trading. Shares of the Houston-based company rose 78 cents
to $42.93.

Enron Pres, CEO Skilling Resigns
By Christina Cheddar
Of DOW JONES NEWSWIRES

08/14/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Enron Corp. (ENE) President and Chief Executive Jeffrey Skilling resigned Tuesday for personal reasons.
Skilling, who assumed the top post of the Houston energy trading company in February, will continue as a consultant.
Enron Chairman Kenneth Lay will take on the additional responsibilities of president and chief executive.
Lay, who was Skilling's predecessor, agreed to extend his employment agreement through the end of 2005.
"I am resigning for personal reasons," Skilling said in a press release announcing his resignation. "I want to thank Ken Lay for his understanding of this purely personal decision."

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

UK: UPDATE 1-Enron prepares to restart UK Teesside power plant.

08/14/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Aug 14 (Reuters) - U.S. energy group Enron said on Tuesday it will prepare over the weekend to restart its Teesside power station.
"Over the weekend the power station will be prepared for restart", the company said in a statement.
The 1,875 megawatt gas-fired power station was shut down last Wednesday after an explosion and fire killed three workers.
Enron said that as a mark of respect to its the three employees and to allow for repairs the power station will not start operations until after their funerals which will take place over the next two days.
Enron said an investigation into the blast by Britain's safety watchdog, the Health and Safety Executive (HSE), has been completed sufficiently to allow power generation to begin.
The HSE investigation is expected to continue off site for several more days, Enron said.
The Teesside power station was commissioned in 1992 and when at full capacity can supply about six percent of Britain's low summer electricity demand.
News last week of the accident and plant closure pushed up wholesale electricity prices by six percent as the market scrambled to cover the expected output shortfall.
The plant was thought to be producing 800-900 megawatts at the time of the explosion.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

TALES OF THE TAPE: Some Still Buy The Power Growth Story
By Christina Cheddar
Of DOW JONES NEWSWIRES

08/14/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- For years, production levels at Alcoa Inc.'s (AA) Badin, N.C., aluminum smelting facility were at the mercy of Mother Nature.
If rainfall was steady, turbines would hum at a hydroelectric facility the Pittsburgh aluminum company built to supply the smelter's energy needs. By generating power itself, the company kept its costs low, and gave its rivals a run for their money.
But if the skies stayed sunny for too long, water levels would drop, reducing the amount of power the plant produced. Then, Alcoa's managers would need to make a tough choice: buy electricity from the wholesale power market and assume the higher manufacturing costs, or slow production at the smelter.
Those days are now over. In January, Alcoa signed a five-year contract with Aquila Inc. (ILA), of Kansas City, Mo. Under the arrangement, Aquila manages Alcoa's power plant and ensures that there is enough power 24 hours a day, seven days a week. Aquila buys power when the power plant's supply falls short, and sells power back to the wholesale market when there is a surplus.
This type of contract is one way wholesale energy marketing and trading companies like Aquila expect to offset falling profits from energy sales and trading activities. New power plants are being constructed around the nation, and are expected to lead to lower power prices and less trading activity. If this occurs, trading companies could realize narrower profit margins on each trade they execute.
Aquila and its competitors also provide other services that will cushion declines in trading profits. These businesses range from selling long-term power contracts to managing other forms of risk, including even placing bets on the weather.
Still, investors are shying away from energy marketing and trading companies, and power producers like NRG Energy Inc. (NRG), Calpine Corp. (CPN), and AES Corp. (AES). Many investors have grown so used to the sector reporting profits that have tripled year-over-year that they now appear to be either unsatisfied with double-digit growth, or are skeptical that the companies can report profits without massive levels of wholesale energy trading activity.
Share prices of Aquila and its competitors - which include Enron Corp. (ENE), Mirant Corp. (MIR), Dynegy Inc. (DYN), Duke Energy Corp. (DUK), among others - have all fallen between about 10% to above 20%. Power producers have fared even worse because investors have viewed the companies' long position in power and heavy-asset exposure as a liability. NRG, Calpine and AES are down between 20% to 40% in the last three months.
"You kind of have to say to yourself, if investors are willing to give you a present of a growth stock at a value price, you have to take it," said Basu Mullick, portfolio manager of the Neuberger Berman Partners fund.
Industry Optimistic About Growth Prospects

Ultimately, what will make the difference is how well a company's management can predict the energy market's next move because when it comes down to it, electricity is a commodity, subject to booms and busts.
Duke Energy North America President and Chief Executive James Donnell said he sees the current market activity as a part of the maturation process of the sector.
"The players are shaking out who are the market participants," he said.
During second-quarter conference calls, the industry did its best to show that it continues to be optimistic about its growth prospects.
Aquila, for example, said its second-quarter earnings, which more than tripled year-over-year, would have grown more than 80% even without the growth at its trading business. Looking ahead, Aquila expects to see its earnings grow by 25% a year.
"The 25% growth goal is very, very achievable," Stamm said. "We don't need $3,000 power prices to keep the industry growing."
However, with Aquila shares in the mid-$20s, the stock is down almost 30% from its 52-week high of $35. Goldman Sachs' Jonathan Raleigh said Aquila shares could reach the mid-$30s in the near term with the potential to climb to $38 to $40 a share or more within the next 12 months.
Larry Alberts, an electric utilities buy-side analyst at American Express Financial Advisors, said much of the selling unwarranted. He said he blames much of the activity on momentum investors and other newcomers to the group who never gained "the intimate knowledge needed to truly understand the businesses."
Price-To-Earnings Ratios Attracting Value Players

The selling has created a negative sentiment, which may discourage other investors from increasing the amount of stock they own or purchasing shares in a new company in the sector, said Merrill Lynch analyst Elizabeth Parrella.
However, with the sector's average price-to-earnings ratio around 15 times 2001 earnings estimates and 12.7 times 2002 estimates, Parrella said she thinks the sector should see some initial interest from value investors.
Those ratios "are only a modest premium to utility valuations and well below the market P/E, despite considerably higher growth rates for this sector," she said. "Several (power producers) are at less than 12-times 2002 estimates."
Neuberger's Mullick finds many of the valuations in sector compelling, and is moving to an overweight position in the energy convergence area.
Dynegy, of Houston, and Calpine, of San Jose, Calif., are Mullick's favorites. Dynegy is one of the most energy-price neutral companies in the sector, according to Mullick. Meanwhile, he calls Calpine's story "sheer growth by the megawatt hour."
-By Christina Cheddar, Dow Jones Newswires; 201-938-5166; christina.cheddar@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

UK: UK forward electricity prices show gentle weakness.

08/14/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Aug 14 (Reuters) - British forward electricity prices eased by about 10 pence a megawatt hour on Tuesday with winter 01 attracting most trading activity.
Traders said volume at been respectable with winter 01 baseload trading between 20.75/20.80 pounds per megawatt hour with summer 02 baseload going through around 17.75 pounds, off about 10 pence.
Winter 02 baseload was also modestly easier at 20.77 pounds, off again about 10 pence.
The front months saw September baseload slipping to 18.05 pounds from 18.10 pounds while October baseload also dropped about 10 pence.
November baseload was seen done around 20.8 pounds and December around 21.5 pounds.
Enron said on Tuesday it will prepare over the weekend to restart its Teesside power station. The 1,875 megawatt gas-fired plant was shut down last Wednesday after an explosion and fire killed three workers.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: Indian panel finalises bill for power reforms.

08/14/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, Aug 14 (Reuters) - A new electricity bill which seeks to reform India's bankrupt state utilties, encourage private investment and end shortages has been approved by a panel of federal ministers, a government official said.
The bill proposes to cut red tape, push for private investment in transmission and distribution, cut back on subsidies and allow states to tailor the reforms for their specific needs, the official told Reuters on Tuesday.
"The group of ministers has cleared the bill. It will now be sent for the cabinet's approval," an official spokesman said.
The new law would be introduced during parliament's monsoon session that ends on August 31, a power ministry official said.
It would provide one comprehensive legislation to replace three outdated laws - the Indian Electricity Act, 1910, the Electricity (Supply) Act, 1948, and the Electricity Regulatory Commissions Act 1998.
The new law will allow firms to set up power plants without seeking the approval of the Central Electricity Authority, but transmission firms would need a licence, the official said.
It will also provide a legal framework to split monolithic state electricity boards into smaller firms dealing with generation, transmission or distribution, but this would not be compulsory, he said.
The state power boards, which have a monopoly in power distribution in almost every part of India, are likely to report combined losses of $5.1 billion this year because of large-scale theft and free or subsidised supplies of power.
He said the new bill would end the practice of charging high tariffs to industrial users to subsidise farmers. It will allow subsidies only if states provide for it from their own budget.
India produces about 100,000 megawatts of power, which is 12 percent less than demand.
The federal power ministry wants to double the capacity by 2012, but analysts say this needs an investment of $200 billion including large contributions from domestic and foreign firms.
Government officials said they expected the new electricity bill to pave the way for increased investment after a decade-old attempt to woo private firms failed.
India began its power sector reforms in the early 1990s by inviting foreign firms to set up plants.
U.S. firm, Enron Corp took the lead by investing in a $2.9-billion project - India's largest direct foreign investment - at Dabhol, south of Bombay along India's west coast.
But it became embroiled in a payment dispute with a utility and said recently that it wanted to sell its 65-percent stake in the Dabhol Power Co.
India's utility reforms were pioneered by the eastern state of Orissa, which split its electricity board and gave equity in a generating company and a distribution firm to AES Corp .
But AES also got mired in a payment schedule and said it might sell its stake in the distribution firm.
Several other foreign firms also reviewed their plans to invest in India.
These include Cogentrix, which walked out of a project to build a 1,000 MW plant in souther India last October, and Electricite de France, which scrapped plans to take a 15-percent stake in a project in western India.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


Mercury News, 7/3: Blackout hits Las Vegas

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

Blackout hits Las Vegas as number 120 comes up
And California calls its first power alert since May as the mercury soars.
July 3, 2001
From staff and news service reports
Las Vegas suffered its first rolling blackout ever Monday as soaring
temperatures and churning air conditioners outstripped the local utility's
ability to provide electricity.
Nevada Power Co. cut about 100 megawatts, or enough electricity for 75,000
homes, for about an hour.
Scattered outages were reported around the Las Vegas area, where temperatures
reached 120 degrees. Earlier, the utility asked its major power users,
including the neon-lit resorts on the Las Vegas Strip, for voluntary
reductions. Casinos instituted conservation measures largely not noticeable
by guests.
Meanwhile, in California, high temperatures led the Independent System
Operator to declare an emergency alert for the first time since May 31.
A Stage 1 alert was called at 1:35 p.m. as reserves fell below 7 percent of
demand. The alert was upgraded to a Stage 2 at 2:40 p.m., meaning reserves
fell below 5 percent.
The alert didn't trigger new wholesale price limits under a system recently
ordered by the Federal Energy Regulatory Commission. Under the FERC rules, a
Stage 1 alert must be in effect for a full clock hour (i.e., 2 to 3 p.m.) to
reset the caps, said Stephanie McCorkle, a spokeswoman for the ISO. Since the
Stage 1 was upgraded to Stage 2 before a clock hour passed, that condition
was not met, she said. The cap, designed to prevent price spikes, remains at
$92 a megawatt-hour.


fyi
----- Forwarded by Richard B Sanders/HOU/ECT on 04/04/2001 02:38 PM -----

	Mary Nell Browning
	04/04/2001 01:59 PM

		 To: James Derrick/Enron@EnronXGate, Michael R Brown/LON/ECT@ECT, John
Sherriff/LON/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT, Paul Chivers/LON/ECT@ECT, Mark Frevert/Enron@EnronXGate,
Greg Whalley/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Jackie
Gentle/LON/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Claire Wright/LON/ECT@ECT,
Raj N Patel - Tax/LON/ECT@ECT, Rex Rogers/Enron@EnronXGate
		 cc: Richard Harper/LON/ECT@ECT, Paul Turner/LON/ECT@ECT, Peter
Crilly/LON/ECT@ECT
		 Subject: CATS litigation

Disappointingly, the House of Lords ruled 5 - 0 against Enron in the CATS
litigation today.  This will mean that we will repay to the CATS parties
approximately $150 million plus interest and court costs, putting the final
figure at an estimated $155-160 million.  We expect to be invoiced for the
principal amount in the next week or so; sorting costs and interest may take
as long as 60 days.  The written opinion reflects a determination on the part
of the Lords to rule against us regardless of what the contract says.  The
opinion seeks to conclude "what rational businessmen could have intended"
rather than applying the provisions of the contract.

For example, Lord Hoffman (author of the primary opinion) makes it clear that
the  "retrospective consequences" of discovering a latent defect after
payments have been made (and would therefore need to be refunded) are
unacceptable.  His view seems to be that because we were not ready to flow
J-Block gas during the period of the T-6 leak, we are not damaged and
therefore not entitled to relief under the contract.  Furthermore, he says
that the Commencement Date notice sent by the CATS parties was in the nature
of a declaration and as long as it is sent in good faith it is effective.

As far as the price reduction formula in Clause 7.5, Lord Hoffman opines that
the clause is not operative until TGTL had tied in the J-Block field.  The
contract makes no reference to this requirement.  Hoffman's view is that it
is only upon tie-in that the CATS parties' obligation to provide the
Transportation Service is triggered and therefore there can be no price
reduction for not providing the service unless tie-in is complete. This
statement is in stark contrast with Hoffman's earlier statement in the
opinion that upon the giving of the Commencement Date notice the CATS parties
have an absolute obligation to provide the Transportation Service.

Equally disappointing and surprising is the fact that the Lords rejected our
submission for reimbursement of our costs incurred in connection with the
restitution issue.  As you may recall, restitution was the primary issue upon
which the CATS parties obtained leave to appeal, and they conceded the point
at the commencement of the hearing.  Reimbursement of these costs should have
been a given.

Although I have not yet been able to speak to our most senior barrister, our
other counsel have assessed the opinion as "appalling" and "pathetic," and
describe the situation as one where Enron has been "stitched up".
Unfortunately, given that this is the court of last resort in this country
(except of course the Court of Human Rights), there is not an avenue for
recourse.

In conclusion may I say that although we did not get the result we wanted or
expected from the House of Lords, I very much appreciate all the support from
each of you for these past six years.  The case has been a roller coaster
ride;  I hope our earlier victory in the Court of Appeal will evidence in
fact that some tribunals in this country recognize that we did get it right.

Please call me if you wish to discuss the case in any further detail, or if
you wish to have a copy of the opinion.  My telephone number is 011 44 207
783 6582.  Many thanks.


Fundamental Presentation


I wish I could - unfortunately I will be out of town on vacation next week.
Thanks for asking!

	Alan Aronowitz
	03/12/2001 06:25 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Meeting/Dinner

FYI. I have not committed to doing this yet. You had previously mentioned
that you wanted to visit with Paul. If you have not already done so, this
might be a good time to do so. Are you open to a meeting?

Alan
----- Forwarded by Alan Aronowitz/HOU/ECT on 03/12/2001 06:24 PM -----

	ppantano@mwe.com
	03/12/2001 05:26 PM

		 To: alan.aronowitz@enron.com
		 cc:
		 Subject: Meeting/Dinner

Dear Alan:

     I will be in Houston on March 20 and 21.  Would you have time for an
early
dinner or late afternoon meeting on Tuesday the 20th?  Please let me know.

     Regards, Paul

Paul J. Pantano, Jr.
McDermott, Will & Emery
600 13th Street, N.W.
Washington, DC 20005
Ph:    (202) 756-8026
Fax:  (202) 756-8087
Email:  ppantano@mwe.com

***This message is a PRIVILEGED AND CONFIDENTIAL communication.  If you are
not
the intended recipient, please do not read, copy, or use it, and do not
disclose
it to others.***

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/


Just want to make sure than the notional quantities will be equal to 97% of
the scheduled production for the VPP.

 -----Original Message-----
From:  Sherman, Cris
Sent: Wednesday, May 30, 2001 3:55 PM
To: Farmer, Stanley
Subject: FW: KCS

 -----Original Message-----
From:  Anderson, Diane
Sent: Wednesday, May  30, 2001 2:34 PM
To: Bailey, Derek; Cook, Mary; Sherman, Cris; Eubank, Marshall; Bushman,
Teresa
Cc: Shackleton, Sara
Subject: KCS

Attached is the redline redraft for the KCS trades (the terms will apply to
both confirms).  Please
acknowledge your issues/consent to Sara.

Thanks.
---------------------- Forwarded by Diane Anderson/NA/Enron on 05/30/2001
02:31 PM ---------------------------
From: Sara Shackleton@ECT on 05/30/2001 02:28 PM
To: Diane Anderson/NA/Enron@Enron
cc:

Subject: KCS

 << File: KCSEnergyMarketingR2.doc >>

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
06:08 PM ---------------------------

Gwyn Koepke@ENRON
03/23/2001 03:40 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: FYI Re: South Korea curve: FX and inflation, dated 1/8/2001

---------------------- Forwarded by Gwyn Koepke/NA/Enron on 03/23/2001 03:40
PM ---------------------------

Gwyn Koepke
01/12/2001 11:34 AM
To: Cindy Hudler/HOU/ECT@ECT
cc:

Subject: FYI Re: South Korea curve: FX and inflation, dated 1/8/2001

---------------------- Forwarded by Gwyn Koepke/NA/Enron on 01/12/2001 11:34
AM ---------------------------

Gwyn Koepke
01/11/2001 06:56 PM
To: Monica Reasoner/HOU/ECT@ECT
cc: David Port/Market Risk/Corp/Enron@ENRON, Rudi Zipter/HOU/ECT@ECT, Frank
Economou/NA/Enron@Enron, Maureen Raymond/HOU/ECT@ECT

Subject: Re: South Korea curve: FX and inflation, dated 1/8/2001

Monica,

In preparing the FX curve, we assumed the following main points:

General outlook: a slightly more aggressive depreciation rate than the
consensus forecast and the forward market would indicate on the short-end
because of the lack of complete, measurable and sustainable progress in the
financial and corporate restructuring efforts.  The won depreciated more than
most analysts expected at the end of last year because of heightened concerns
regarding the government's banking sector reform program.   If the Koreans
follow the Japanese model and continue to put off badly needed banking sector
reform, the country is in for a long period of economic uncertainty.
Reform: We think the financial restructuring effort (bank mergers, etc, which
have led to public strikes recently) is going to take at least two years.
Industrial restructuring has been slow moving, the 50% drop in the stock
market since early 2000 is strong evidence of that, and the banks in their
weak state are not creating the liquidity needed to boost the economy.
Although the IMF package has been largely paid off, these underlying problems
remain.  The goal of government-sponsored financing is to shore up the
banking sector (which is burdened by non-performing loans) and to close
nonviable companies, but reform efforts have appeared to languish of late and
the cost of the program by some measures is as high as 26 percent of GDP.
Failure to find investors for the Daewoo Motor Company and Hanbo Steel should
warn investors of the impediments to reform in the Korean market.
Exports:  The weak Japanese yen (following stagnating demand at home in Japan
and abroad, coupled with a weak financial system and a huge public debt
burden) will likely cause the central bank to be very cautious about any
intervention to stem any possible slide in the won.  This is because Korea's
largest competitor on world product markets is Japan, and a weak yen hurts
Korea's export competitiveness (exports account for half of the Korea's
GDP).  Korea's FX reserves are strong.
Risks to Forecast: The risks to our forecast are those factors which could
lead to negative investor sentiment toward Korea.  Included in these risks
are stalls in restructuring or that restructuring efforts uncover serious
resistance by banks or corporates (chaebols) to proceed smoothly with reform
or the government succumbs to public pressure to soften the reform objectives
or implementation timeframes.

Gwyn Koepke

To: Gwyn Koepke/NA/Enron@Enron
cc: David Port/Market Risk/Corp/Enron@ENRON, Rudi Zipter/HOU/ECT@ECT, Frank
Economou/NA/Enron@Enron

Subject: South Korea curve: FX and inflation, dated 1/8/2001

Thank you for providing the South Korea curve.  Can you please provide a more
detailed explanation regarding you assumptions to calculate the curve?  The
SK-Enron team is interested in knowing your view points on the market.

Thanks again
Monica
---------------------- Forwarded by Monica Reasoner/HOU/ECT on 01/08/2001
03:15 PM ---------------------------

Maureen Raymond@ENRON
01/08/2001 03:34 PM
Sent by: Gwyn Koepke@ENRON
To: Monica Reasoner/HOU/ECT@ECT
cc: Cindy Hudler/HOU/ECT@ECT, Pushkar Shahi/ENRON@enronxgate
Subject: South Korea curve: FX and inflation, dated 1/8/2001

Monica,

Please find attached an updated forward curve for the Korean won and
inflation for 20 years dated as of 1/8/01.

Gwyn Koepke for
Maureen Raymond-Castaneda


It looks like de-registering as an ESP is, in fact, a good option.  It would
certainly make life easier from a compliance standpoint.  Christian, would
you run this by your business guys just to make sure that they don't plan to
serve small commercials under 20 KW?   Thanks!
Janet
----- Forwarded by Janet H Moore/HOU/ECT on 05/30/2001 08:36 AM -----

	MDay <MDay@GMSSR.com>
	05/29/2001 01:55 PM

		 To: "'Janet.H.Moore@enron.com'" <Janet.H.Moore@enron.com>
		 cc:
		 Subject: RE: Registered versus Non-Registered ESPs in California

Janet,

EPMI originally registered with the CPUC as required because EPMI was the
entity who actually contracted with all of Enron's retail customers for
service, including residential and small commercial, as well as larger
customers.  Later, EPMI transferred virtually all its customers to EES, who
was also registered as an ESP.  Our information is that EPMI still serves at
least one industrial customer -- the Can Fiber plant -- as well as possibly
others.  We agree that EPMI could reduce its regulatory compliance burdens
by deregistering as an ESP, so long as it did not intend to serve any
customers under 20 kW.  As I explained, EES has occasionally found it
necessary to serve customers of less than 20 kW in order to obtain larger
accounts.  This is not a problem with certain chain stores, ie. a fast food
restaurant, where several stores are over the 20 kW limit and a few are not.
In that situation, the CPUC has clarified that compliance with the small
customer consumer protection rules is not required,  However, EES has also
been asked to serve residential customers, such as employees and executives,
in order to get a large customer account.  We would not advise serving any
such customers without a valid ESP registration.  If, as you suggest, EPMI
is,and expects to remain, in a position where it will not consent to serve
such small customers, then de-registration is an option.  Please let us know
if there is anything further we can do to assist you in this matter.

Mike Day

-----Original Message-----
From: Janet.H.Moore@enron.com [mailto:Janet.H.Moore@enron.com]
Sent: Tuesday, May 29, 2001 8:55 AM
To: mday@gmssr.com
Cc: Christian.Yoder@enron.com
Subject: Registered versus Non-Registered ESPs in California

Mike:  Per my voicemail, I am forwarding to you an email from an attorney
at LeBoeuf.  As mentioned, LeBoeuf has been helping us develop an overall
compliance plan for meeting the varied retail regulatory requirements in
the states where EPMI sells to industrials.  They came up with the
suggestion, as discussed further below, of having EPMI deregister as an ESP
in California, and instead become a non-registered ESP.  I understand that
EPMI could still sell to large industrials under this classification.
First, can you remember the historical reason of why EPMI registered as an
ESP to begin with, but with the qualification that it only intended to
serve large industrials?  There may have been an important strategic
decision to do so.  Second, is there any reason why EPMI should not
deregister as an ESP and become a non-registered ESP?
I look forward to hearing from you.  Please feel free to call me at
713-345-7400.
Janet
----- Forwarded by Janet H Moore/HOU/ECT on 05/29/2001 10:28 AM -----

                    "JAMES

                    BOOTHE"              To:     janet.h.moore@enron.com

                    <JBOOTHE@LLGM        cc:     marianne.castano@enron.com,
"CHRISTOPHER HILEN"
                    .COM>                <CHILEN@LLGM.COM>, "JOHN KLAUBERG"
<JKLAUBER@LLGM.COM>, "JOHN MAAS"
                                         <JMAAS@LLGM.COM>, "SANDY COFER"
<SCOFER@LLGM.COM>
                    05/23/2001           Subject:     Registered versus
Non-Registered ESPs in California
                    02:19 PM

Janet,

As you know, EPMI is currently classified with the California Public
Utilities Commission ("CPUC") as a "Registered ESP" (ESP # 1086).  EPMI may
want to consider de-registering with the CPUC and, instead, benefit from
classification as a "Non-Registered ESP".  I have confirmed that an ESP
must only register with the CPUC prior to serving residential and small
commercial customers.  The CPUC defines a "small commercial customer" as a
customer that has a maximum peak demand of less than 20 kW per meter for at
least 9 billing periods during the most recent 12 month period (See
C.P.U.C. o 331(h) and PG&E Tariff, Rule 22).  As EPMI has indicated in its
license application that it only intends to serve large commercial
customers and, per our discussions, does not have immediate plans to serve
small commercial customers, EPMI may elect to de-register and become a
Non-Registered ESP.
     The primary advantage of de-registering is that EPMI, as a
Non-Registered ESP, would no longer have continued reporting and compliance
requirements with the CPUC, including the annual submission of a standard
service plan filing, application update and license renewal.  Additionally,
as a Non-Registered ESP, EPMI would no longer have the ongoing obligation
to notify the CPUC within 5 days of changes in address or phone numbers and
to notify the CPUC of all other "material changes", including changes to
officers and directors, within 60 days.  I have confirmed with a contact at
the energy division of the CPUC, on an anonymous basis, that a Registered
ESP can de-register with the CPUC by sending a letter to the address below
requesting cancellation of ESP registration status.
               California Public Utilities Commission
               Energy Division - Electric Service Provider Registration
               Fourth Floor
               505 Van Ness Avenue
               San Francisco, CA 94102
Our source at the CPUC also confirmed that the CPUC exercises no regulatory
jurisdiction over a Non-Registered ESP.  Non-Registered ESPs, however, can
file a complaint at the CPUC against a jurisdictional utility over issues
dealing with the utility's compliance with its tariffs with respect to
ESPs.

     Please note that while Non-Registered ESPs do not have ongoing
reporting and compliance requirements with the CPUC, both Registered ESPs
and Non-Registered ESPs must submit various environmental compliance
filings with the California Energy Commission and, if participating in the
Green-e Program, make additional filings with the Center for Resource
Solutions.  For additional information on these reporting and compliance
requirements for Registered ESPs and Non-Registered ESPs in California,
please refer to the LLGM website at
http://web-2.interliant.com/llgm/ENRON/llgm.nsf.

     If you have any questions about reporting requirements in California,
the de-registering process or would like our assistance with this process,
please contact me at 415.951.1137 or Sandy Cofer at 713.287.2002.

Regards,

Jim

James A. Boothe
One Embarcadero Center, Suite 400
San Francisco, California 94111
(415) 951-1137
jboothe@llgm.com

============================================================================
==

This e-mail, including attachments, contains information that is
confidential and may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).
If you are not an intended recipient, please delete this e-mail, including
attachments, and notify me.  The unauthorized use, dissemination,
distribution or reproduction of this e-mail, including attachments, is
prohibited and may be unlawful.

============================================================================
==


Daren:

Just wanted to follow up with you on the April noms at Texas
City..............   the volumes recorded for April 1 were 5300 and 1165...
since we have been directed not to change Sitara deal tickets for now, would
you please correct?

Thanks!!

Charlotte

---------------------- Forwarded by Charlotte Hawkins/HOU/ECT on 04/04/2000
01:37 PM ---------------------------

	From:  Charlotte Hawkins                           03/30/2000 11:33 AM

To: Daren J Farmer/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT, Mary Jo Johnson/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT
Subject: April, Aspect Volume @ Texas City

For April 1, 2000:

Cross Media                         989815 =    903 MMBtu
TNCT                                      989816  = 5878  MMBtu

Any questions, just call.

Thanks,

Charlotte Hawkins


I didn't know there was one.

"Thompson, Peter J." <pthompson@akllp.com> on 03/28/2001 03:00:02 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:

Subject: FW: FPRP -Transformer Agreement to Give to ABB Today?

I do not have the override letter for this.

-----Original Message-----
From: John.Schwartzenburg@enron.com
[mailto:John.Schwartzenburg@enron.com]
Sent: Wednesday, March 28, 2001 3:34 PM
To: Barton.Clark@enron.com; Larry.Bishop@enron.com;
Darrell.Stovall@enron.com; Matthew.Tezyk@enron.com
Cc: kay.mann@enron.com; roseann.engeldorf@enron.com; Thompson, Peter J.;
Renee.Alfaro@enron.com
Subject: FPRP -Transformer Agreement to Give to ABB Today?

I attach the form of the AAB agreement from Fountain Valley. Peter, if
you
have the override agreement for that deal, can you e-mail to thsi
circulation?

Bart, the project managers would like to get this form to ABB, who is in
our offices today. I have asked Matt Tezyk to call and check with you to
make sure you are on board before they do so. Can you let us know?

In the absence of the electronic form of the override agreement, I will
get
Renee Alfaro to scan the hard copy I do have of the Fountain Valley
document and send it to this distriubution.

JWVS

                    "Thompson,

                    Peter J."            To:
<John.Schwartzenburg@enron.com>
                    <pthompson@ak        cc:     "Kay Mann (E-mail)"
<kay.mann@enron.com>, "Sheila Tweed
                    llp.com>             (E-mail)"
<Sheila.Tweed@enron.com>, "Roseann Engeldorf (E-mail)"
                                         <roseann.engeldorf@enron.com>

                    03/27/2001           Subject:     Fountain Valley
Transformer Agreement
                    12:26 PM

 <<ABB Facility Agreement - Version 6.DOC>>

     Pursuant to Kay Mann's request, attached please find the final
version of the Fountain Valley Transformer Agreement.
(See attached file: ABB Facility Agreement - Version 6.DOC)

 - ABB Facility Agreement - Version 6.DOC


Version 2.0 of the ClickAtHome Portal is now available!
 Log into www.clickathome.net now, from work or home!

Access the PEP System through the portal!
 Choose your reviewers and fill out your evaluations in the comfort and
privacy of your home!

Outlook Web Access and eHRonline will be available SOON!

The ClickAtHome portal is fully customizable for you!
 YOU choose the content on each page, as well as the look and feel!

Note: the ClickAtHome portal must be launched through an Internet Explorer
browser, 5.0 or higher.


Please note the following product types will be visible in your work queue
today.

US East Power Phy Call
US East Power Phy Put

Please do not update counterparties to Read or Trade these product types.  We
will not be updating counterparties for these product types until June 18th.

Other Product Types visible in your work queue today for Monday's Product
Type release:

US Gas Secondary Firm
US Tanker Freight Swap
US East Power Spread
US Crude Fin Spread

Please let me know if you have any questions.
Thank you,

Stephanie Sever
EnronOnline
713-853-3465


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Will you please run a June NX3/NX1 for our book.


Leslie

Do you have a hard copy I could take w me tomorrow to DC (valuable plane time
work)
Thanks


Start Date: 4/18/01; HourAhead hour: 20;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041820.txt


Outlook Migration Team@ENRON
05/04/2001 03:26 PM
To:	Alex Huang/Corp/Enron@ENRON, Amitava Dhar/Corp/Enron@ENRON, Anita DuPont/NA/Enron@ENRON, Bob Lee/NA/Enron@Enron, Chonawee Supatgiat/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Jaesoo Lew/NA/Enron@ENRON, Jason Sokolov/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Kate Lucas/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, Lance Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Martin Lin/HOU/ECT@ECT, Maureen Raymond/LON/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Paulo Issler/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Rakesh Bharati/NA/Enron@Enron, Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sevil Yaman/Corp/Enron@Enron, Shirley Crenshaw/HOU/ECT@ECT, Sofya Tamarchenko/NA/Enron@Enron, Stinson Gibner/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Tom Barkley/NA/Enron@Enron, Tom Halliburton/Corp/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT, William Smith/Corp/Enron@Enron, Youyi Feng/NA/Enron@Enron, Zimin Lu/HOU/ECT@ECT, Alan Muntz/NPNG/Enron@ENRON, Anita Swanson/NPNG/Enron@ENRON, Bambi Heckerman/NPNG/Enron@ENRON, Christopher Burns/NPNG/Enron@ENRON, Darla Steffes/NPNG/Enron@ENRON, Geneva Patterson/NPNG/Enron@ENRON, Jerry Boston/NPNG/Enron@ENRON, Jody Warner/NPNG/Enron@ENRON, John Freeman/NPNG/Enron@ENRON, Judith Weakly/NPNG/Enron@ENRON, Laurie Willemyns/NPNG/Enron@ENRON, Leon Schneider/NPNG/Enron@ENRON, Loren Charbonneau/NPNG/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Scott Coburn/NPNG/Enron@ENRON, Alliece Morris/OTS/Enron@ENRON, ETSWEB@Enron, Joe Zhou/FGT/Enron@Enron, LaDonna Dervin/OTS/Enron@ENRON, Larry Hill/FGT/Enron@ENRON, Max Brown/OTS/Enron@ENRON, Patty Hermanek/FGT/Enron@ENRON, Peter Lu/ET&S/Enron@Enron, Randy Cantrell/GCO/Enron@ENRON, Richard Abramowicz/ET&S/Enron@ENRON, Rick Craig/OTS/Enron@ENRON, Robert Fugel/ET&S/Enron@ENRON, Tina Dunnaway/FGT/Enron@ENRON, Wendy Koh/ET&S/Enron@ENRON, Anne Bike/Corp/Enron@Enron, Barry Tycholiz/NA/Enron@ENRON, Carli Smith/NA/Enron@Enron, Doug Fletcher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jacquelyn Matthews/NA/Enron@Enron, Janelle Russell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, JoAnne Smith/Corp/Enron@Enron, Kayla Bruzzese/NA/Enron@Enron, Michael J Beyer/HOU/ECT@ECT, Michael J Miller/Enron Communications@Enron Communications, Michelle Lincoln/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Shelly Jones/HOU/ECT@ECT, Susan Huston/HR/Corp/Enron@ENRON, Zachary Sampson/NA/Enron@ENRON, Alison Smith/NYC/MGUSA@MGUSA, Bernie Penner/NYC/MGUSA@MGUSA, Janet Vala-Terry/NYC/MGUSA@MGUSA, Lilia Penagos/NYC/MGUSA@MGUSA, Patricia Benington/NYC/MGUSA@MGUSA, Jack Netek/Enron Communications@Enron Communications
cc:
Subject:	2- SURVEY/INFORMATION EMAIL 5-7-01

Current Notes User:

To ensure that you experience a successful migration from Notes to Outlook, it is necessary to gather individual user information prior to your date of migration.  Please take a few minutes to completely fill out the following survey.  When you finish, simply click on the 'Reply' button then hit 'Send'  Your survey will automatically be sent to the Outlook 2000 Migration Mailbox.

Thank you.

Outlook 2000 Migration Team

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

Full Name:       Vince J Kaminski

Login ID:  vkamins

Extension:  3-3848

Office Location:  EB1962

What type of computer do you have?  (Desktop,  Laptop,  Both)  Desktop, Laptop

Do you have a PDA?  If yes, what type do you have:   (None, IPAQ, Palm Pilot, Jornada)  Palm Pilot

Do you have permission to access anyone's Email/Calendar?  NO
    If yes, who?

Does anyone have permission to access your Email/Calendar?  Shirley Crenshaw, Anita DuPont
    If yes, who?

Are you responsible for updating anyone else's address book?  NO
    If yes, who?

Is anyone else responsible for updating your address book?  NO
    If yes, who?

Do you have access to a shared calendar?  NO
    If yes, which shared calendar?

Do you have any Distribution Groups that Messaging maintains for you (for mass mailings)?  NO
    If yes, please list here:

Please list all Notes databases applications that you currently use:

In our efforts to plan the exact date/time of your migration, we also will need to know:

What are your normal work hours?  From: 7:30     To:      6:30

Will you be out of the office in the near future for vacation, leave, etc? NO
       If so, when?        From (MM/DD/YY):      To (MM/DD/YY):


I am resending this email for the benefit of those of you who did not receive
it on October 5.

----- Forwarded by Kaye Ellis/HOU/ECT on 10/18/2000 11:59 AM -----

	Sara Shackleton
	Sent by: Kaye Ellis
	10/05/2000 02:24 PM

		 To: Scott Sefton/HOU/ECT@ECT, Ryan Siurek/Corp/Enron@ENRON, Gordon
McKillop/NA/Enron@ENRON, AnnMarie Tiller/Corp/Enron@ENRON, Randy
Young/NA/Enron@Enron, Gregory Adams/Corp/Enron@ENRON, Bob
Butts/GPGFIN/Enron@ENRON, Frank Stabler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
mspradling@velaw.com, jdilg@velaw.com, Donette Dewar/HOU/ECT@ECT, Brent
Vasconcellos/Corp/Enron@ENRON
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Raptor 2 hedge

Attached is the revised Raptor 2 hedge.


I'm leaving for the day.  I'll be back in the morning.  If you need anything,
just ask one of the girls.

Have a nice evening!
Laura


http://www.cmap.polytechnique.fr

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


Please take note that our usual EBS Government Affairs conference call
scheduled for this coming Monday morning has been cancelled.

Sue


Based on Ed's e-mail, given that Darren Delage will be in the Tokyo office
entering into trades, we should pursue a back-to-back trading arrangement.
That is, Darren would be working for Enron Japan ("EJ")  and would enter into
the trades for EJ as principal.  Then, EJ would enter into mirror trades with
ENA.  The tax issue then is a transfer pricing issue.  Ed previously advised
that the margin should be based on a profit-split method.  In his June 23rd
memo, he advised:

"Such a profit split would likely be along the lines of the various profit
split methods that have been used to allocate profits among branches or local
entities of banks and financial institutions that engage in global trading
operations.  As we expect you are aware from experience in other
jurisdictions, there is no clearly agreed upon set of factors to use in
profit splits for global trading operations, but typical profit split factors
employed have been trader compensation, back office compensation, a location
or value factor, and perhaps a risk or capital factor.  If our sense is
correct that a profit split would ultimately be determined to be the
appropriate price method, this could entail a substantial effort to make the
necessary functional analysis to develop the profit split.  These are initial
impressions only and, on your request, we can evaluate the appropriate
pricing method for the Japan financial trader operation in detail."

Basically, under a profit split approach, Enron Japan should earn a margin
depending on what risks it retains and the costs it occurs with respect to
these back-to-back trades.  The amount of the margin is something that we'll
have to develop, based on how comparable unrelated trades would be priced.

Please let me know if you have any questions or need any additional
information.

Best regards,
Susan

---------------------- Forwarded by Susan Musch/ENRON_DEVELOPMENT on
09/25/2000 08:04 PM ---------------------------

Edwin.T.Whatley@BAKERNET.com on 09/24/2000 10:54:02 PM
To: Susan.Musch@enron.com
cc: jane.mcbride@enron.com, john.viverito@enron.com,
Jeremy.Pitts@BAKERNET.com, Alan.Aronowitz@enron.com,
Paul.TYO.Davis@BakerNet.com, Yukinori.Watanabe@BAKERNET.com

Subject: Enron: Japan-Based Trader/PE and TP Issues

Dear Susan:

We confirm that we continue to recommend the basic approaches put forward in
the
June 23, 2000 memo:  either (1) use back-to-back transactions if it is
essential
to have Japan-based personnel trading for ENA or other offshore affiliates or
(2)(preferable purely from the tax standpoint if acceptable in light of
operational considerations) have personnel at Enron Australia (or other
affiliate in an appropriate time zone) handle the Japan trading.

Your description of the back-to-back trades as "mirror" transactions is
correct
in the sense that the trades would be symmetrical in order to transfer to ENA
or
other offshore affiliate the position it wants to take in the covered trade.
The terms might differ depending what decision is made about what mechanism to
compensate Enron Japan for transfer pricing purposes, i.e., if some margin
were
built into the back-to-back trades to compensate Enron Japan.  As discussed in
our June 23 memo, the transfer pricing issues are potentially difficult in
view
of the limited authority in this area, but in our view, such pricing issues
would present less exposure than structuring the operation so that it would
constitute a PE.

If you have any questions, or if we can provide further  assistance with this
matter, please let us know.

Best regards, Y. Watanabe/E. Whatley

Edwin.T.Whatley@bakernet.com
Phone: 81-3-3796-5857 Fax:81-3-3479-4224
Registered in Japan as an Attorney at Foreign Law;  Jurisdiction of  Primary
Qualification--California; Designated Law--Washington, D.C. and All U.S.
States
Except Louisiana

-----Original Message-----
From: Susan.Musch@enron.com [mailto:Susan.Musch@enron.com]
Sent: Monday, September 25, 2000 10:41 AM
To: Paul.TYO.Davis@BakerNet.com; Edwin.T.Whatley@BAKERNET.com
Cc: jane.mcbride@enron.com; john.viverito@enron.com;
Jeremy.Pitts@bakernet.com; Alan.Aronowitz@enron.com
Subject: Re: Trader

Paul and Ed,

I want to confirm my understanding of your advice from last week (attached
below).  I think you're advising consistent with what Ed had advised back
in June, but I'm not totally sure.  That is, it would be best to have
back-to-back trades between Enron Japan ("EJ") and Enron North America
("ENA").  Under this scenario, DD would be an EJ employee who would enter
into the trades for EJ as principal.  Then, EJ would enter into mirror
trades with ENA.  The issue, as I understand it, under this scenario is
that the NTA could assert transfer pricing issues if the trades between EJ
and ENA weren't at arms' length.  Would you please confirm that this is
your conclusion on how the trades should be structured?

 I am trying to get this structure resolved by Monday night (Houston time)
so I would appreciate your thoughts in an e-mail during your Monday.

Best regards,
Susan


George,

Would you like to take a like at the service (see below).
The meeting is on July 12 at 2:30 (19th floor).

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/29/2000
04:08 PM ---------------------------

"Edward Krapels" <ekrapels@esaibos.com> on 06/29/2000 03:53:40 PM
Please respond to <ekrapels@esaibos.com>
To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
cc: "Jeffrey Shorter \(E-mail\)" <jshorter@wsicorp.com>
Subject: RE: Next visit to Houston

Vince,

Good to hear from you and I'm glad you're available. How is Wednesday at
2:30?

I did look at EOL and am not surprised to see its quality. I was unable to
say much about it in my Risk Electricity Hedging and Trading report because
of deadline pressures. How is the site doing? I am intrigued by the
competition for trading platforms and was astonished to hear that Goldman,
Morgan, BP and Shell were going to launch a site to compete with yours. Talk
about a shotgun marriage!

If we have time next week, I could step you through our website --
www.weathereffects.com. I'm very proud of what we've done. I can't give out
a password yet but would be happy to walk through the site with you over the
phone using my password. It's a very ambitious site -- with state-of-the-art
WSI weather (seasonal, 6-10, and day to day) driving a good load model for
PJM and NEPOOL. ESAI contributes oil and gas input price forecasts, capacity
judgments, and "herding" ideas to develop power price forecasts for same
time periods. After one month's full-bore effort, I'm pleased with the
results (e.g., we forecast Nepool onpeak to be $43 and it turned out $46).

Have a great weekend.

Ed

-----Original Message-----
From: Vince J Kaminski [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, June 28, 2000 5:29 PM
To: ekrapels@esaibos.com
Cc: Vince J Kaminski; Shirley Crenshaw
Subject: Re: Next visit to Houston

Ed,

I shall be available on both days. What about Wednesday,
July 12, between 1:30 and 4:00. Please, let me know
what time would work for you.

It will be nice to see you again.

Vince

P.S. By the way, did you have a chance to take a look at the EOL?

"Edward Krapels" <ekrapels@esaibos.com> on 06/28/2000 02:49:41 PM

Please respond to ekrapels@esaibos.com

To:   Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:  Next visit to Houston

Dear Vince,

I will be returning to Houston during the  week of July 10.

ESAI and Weather Services International have launched -- after more than 18
months of R&D --  our service, called Energycast Power Trader and Energycast
Gas Trader, for power traders in Nepool and PJM. I would be happy to review
the service with you as well as take you on a tour of our web site. Are you
available on July 12 - 13?

Sincerely,

Ed Krapels


The Power of Beer


Looks good to me.

Carol St Clair
05/17/99 09:10 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc: Suzanne Adams/HOU/ECT@ECT, Legal Temp 2/HOU/ECT@ECT
Subject: vacation days

Mark:
I would like to take the following days for vacation so long as it does not
conflict with anyone else's plans:
Wednesday July 21 through Sunday, August 1.
Carol


Effective January 1, 2002, the standard mileage rate has increased to 36.5 cents per mile.  As you request reimbursement for personal mileage, please use the rate of 36.5 cents per mile.

If you have any questions, please contact Bruce Martin at 713-345-1833.


That explains the Sep trade.  No, the confirm they returned does not work
because it does not reference the guarantor.  Thanks.

Tiffany Williams@ENRON
10/23/2000 03:26 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Re: Paperboard Industries International

Tanya,

The May confirmation (NH9975.1) was signed and returned to me on October 19.
On this confirmation, the counterparty change the name from (PII) to (PIC).
Can we now say that this confirmation is valid?

There was a swaption (NZ0399.1) with a trade date of 9/8/00 and an expiration
date of 9/13/00 -- that may explain the 9/13 template.  However, that
swaption was not exercised.

Thanks,

Tiffany

To: Sara Shackleton/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Tiffany
Williams/NA/Enron@Enron, Tracy Beardmore/NA/Enron@Enron
cc:

Subject: Paperboard Industries International

I spoke with Louise Paul and she confirmed that they would like to use
Paperboard Industries Corporation (PIC) as the contracting entity and would
be willing to provide a corporate guaranty from Paperboard Industries
International (PII).

I am confused as to how many trades actually exist.  Per TAGG, there are two
(NH9975.1 done on May 12 and Q25809.1 done on October 4); however, in the
legal database Susan references a September 13 template sent out which Louise
Paul also mentioned.  Is this a real deal or was it just a draft?

As the May confirm was never signed, I do not know if we will need to
actually assign it to the new entity.  We need to make sure that all of the
confirms reference PIC as the contracting entity with PII as guarantor.  All
of the credit terms apply; however they will apply to the guarantor now
instead of the counterparty.   I have also changed the MAC trigger to B+ as
PII has been downgraded from BB- to B+.  I have attached a new credit
worksheet for your reference. If there are any other inconsistencies to the
previous documents other than what I have referenced, please let me know.

Also, the database mentions the Enron Corp gty that was delivered in
conjunction with the May trade.  Can you confirm the amount at $15MM as well
as send me a copy for my file?

Louise has asked that all correspondence be directed to her attention. Please
let me know if you have questions.

Thanks,
Tanya


Kay

Here is the GE spreadsheet.

Regards,
Rebecca


Attached are the latest communication materials.  We DO NOT have a deal yet, but I am sending these so that you have time to review before holding floor/staff meetings in the event we have an announcement later today.  Please do not forward these materials, as they are not yet final.  If there are any changes in these materials when the deal becomes final, I will resend them.  Please let me know if you have any questions.

Thank you.
Karen
x39757

Attachments:
	-- timeline for communication rollout
	-- key messages, for use with internal and external audiences
	-- talking points for use with employees
	-- email to employees w/ link to Q&As
	-- video script (to be viewed by employees on the intranet: UpFront!)
	-- External Q&A, for use with the media and external audiences
	-- Internal Q&A, for background use in meetings with employees
	-- Intranet Q&A, posted on the web for employees


Hello,

 I just spoke with Lorraine @ PG&E and she informed me that there is going to
be some 3rd party maintenance done which will affect meter 6040 Riverside.
This will begin @ 2:00 A.M. on the 28th but PG&E will keep the noms whole for
the 28th.  09/29/00 & 09/30/00 should have no noms.


Attached is an ALJ ruling issued today in connection with the OII into
interruptible programs.
?
Dan
 - CPUC01-#83220-v1-R0010002_Lynch_Ruling_.doc


----- Original Message -----
From: Christopher's Wine Warehouse
To: Recipient list suppressed
Sent: Monday, November 19, 2001 11:19 AM
Subject: GREAT Thanksgiving wines, extremely limited Italian  collectable, this week's schedule
A fabulous good morning wine lovers,
Well, it is that time  of year again.  I hope all of you have been watching your food intake like  I have, because I certainly intend to eat my fair share of the Thanksgiving  feast!!!  And that brings me to the most asked question from last weekend,  "Hey, Christopher, with all this great wine, what will YOU be drinking on  Thanksgiving?"  Before I reveal my T-day sampler case, I wanted to let you  know what types of food we will pairing these wines with.  We usually start  with some type of shellfish, some mild, some spicy.  For my family and  friends who don't do shellfish, we also offer some traditional stuff such as the  best stuffed eggs I have ever tasted (thanks to Martha, don't you know), and  assorted cheeses and crackers.  Then comes the main course: TUR-DUC-KEN  (always from our friends at La Boucherie), with all the 'fixins': jalepeno  cornbread stuffing, traditional stuffing with sage, and a pile of different  veggies.  Naturally, dessert is prepared, but we usually stick to pretty  simple, fairly tame ones, like pumpkin pie or pumpkin something.  This is  where the Riesling from the sampler case comes in.  It is also amazing with  the shellfish.  To make this meal a smashing success, I have selected the  following sampler case of 12 bottles:

CHRISTOPHER'S PERSONAL THANKSGIVING  SAMPLER (2 BTLS EACH):

Baron Foulon Sauvignon Blanc 2000
                (classic  Sauvignon Blanc, very similar to expensive Sancerre) 87 points
Estate GH von Mumm Rheingau Dry Riesling 1999

                (FABULOUS,  semi-dry Riesling, like a crisp red apple) 88 points
Chateau LaCroix Martelle Minervois 1999

                (you  may remember this, my house red, serious Syrah) 89 points
Domaine Capouilleres Ventoux 1998

                (so  full of blue fruits, loves the spicy stuff) 87 points
Domaine du Pain de Sucre Pinot Noir 1997

                (packed  with the most amazing Pinot fruit, tastes like a $35 Burgundy) 88 points
Les Magnans Vacqueyras 1998

                (from  our current web-site newsletter, serious Grenache, think Chateauneuf-du-Pape) 88  points
To make your gathering extra special, I have decided to offer this  high-quality sampler at a price you will never see again!!!
Normally, this  case would run close to 200 bucks!!!
THIS WEEK,  ONLY, ENJOY THE SPECIAL HOLIDAY PRICE OF: $163 PLUS TAX,  EACH
Please call us as soon as you are able, I have only a  couple of dozen of these special cases available.
Have your card number ready  and call me at 713-524-9144 to order.
"Christopher, I know I saw  the subject above.  Tell me about this Italian wine you are  touting."
I guess I can't slip anything by y'all.

ONE OF THE BEST ITALIANS FROM THE  CURRENT ISSUE OF THE WINE ADVOCATE:

La Palazzola Rubino 1999
                (from  Riccardo Cotarella, 80% Cabernet, 20% Merlot, exceptional wine) 94  points
                STRICTLY  LIMITED TO 2 BOTTLES PER  CUSTOMER
                $60  each, net
Call me to order: 713-524-9144
As for this week's  schedule of events:

THURSDAY, NOVEMBER  22nd:
CLOSED FOR  THANKSGIVING
FRIDAY, NOVEMBER  23RD:
WINE BAR AT  CHRISTOPHER'S
For all of you who have visited over the past  several weeks:
Thank you for making this such a fabulous success!!!
If  you have not yet visited the Wine Bar on Friday, here are some details:
We  offer 45 wines by the glass to include reds, whites, sparkling wines & after  dinner wines, too.
Our amazingly talented Chef prepares 4 new menu items each  week.
In addition to the wines by the glass list, you may choose ANY wine in  the store
to enjoy with your foods or friends.
BEST PART???
Retail  prices for all wines, NOT restaurant prices!!!
Our wines by the glass range  from $4 to $15 &
Our Chef's specials range from $10 to $22.
No  reservations are needed.
Get here early for the best seats.
Time: 6-10 PM  Friday nights
Location: here at Christopher's
YOU  HAVE GOT TO CHECK THIS OUT, IT IS A BLAST!!!
SATURDAY, NOVEMBER 24TH:
CUSTOMER APPRECIATION DAY
This Saturday, from 2-5  PM, please be our guest for this free tasting.
We will be showcasing 6 new  wines from around the world.
California, France, Italy & Spain will all  be open for tasting.
No reservations are required.
Super special discounts during the tasting.
All  new wines, never before seen at the bar.
Get here early for best  selection.
Time: 2-5 PM
Here at Christopher's
No Charge
Bring some  friends and have a great tasting!!!

That should be enough to keep  you busy this week.  Please call us ASAP to order your cases or special  wines.
For a complete list of upcoming events and to view our newsletter  for November & December, take a moment and visit us on the web at:www.christopherswine.com
Gobble,  gobble,
Christopher
"BEST WINE STORE" HOUSTON PRESS 2001
2516 Times  BLVD
Rice Village
713-524-9144www.christopherswine. com


Dear Rick,

Thanks for speaking with me today.  Here is the position description for the KWI President of the Americas Opportunity.  I feel that this is a tremendous opportunity to be an integral player with a very exciting relatively early stage Applications Software  company, in the very exciting and hot Energy Commodities Sector;  They are already profitable, pre-IPO.  This position has a great compensation package.

Please get back to me if you have an interest or if you know someone who might be intrigued by this opportunity.

Thanks,

Dal Coger
Tsunami Partners
781-395-2981
web site <http://tsunamipartners.tripod.com/>

Position description online at <http://members.tripod.com/tsunamipartners/id45.htm>

KWI

POSITION DESCRIPTION

Position: President/General Manager US Field Operations (Sales, Marketing, and Services)

Reports to: COO

Location: Houston or NYC area or Atlanta

Staff: Subject to growth and business plan for 2002

Travel: 50%

Compensation: Competitive Base, Bonus and Stock Options

Website: www.KWI.com

Note: This is a significant pre-IPO opportunity.

THE COMPANY

KWI is a global company specializing in trading and risk management technology for energy enterprises. We provide trading and risk management platform and with more the 60 clients worldwide including PacificCorp, Tennessee Valley Authority, Bonneville Power Authority, and Cinergy.

Elsewhere, our software is used by some of the world's best-known companies across Europe, Scandinavia, North America and Asia. We have grown up with deregulation and all our software development has been developed specifically for the energy industry.

The result is KW3000?, which is being used by over 60 energy companies worldwide and is unquestionably the International standard for energy trading and risk management. KW3000? is a totally integrated, modular front-to-back office system offering a wide range of real-time risk indicators. It is the definitive trading and risk management system for any enterprise trading with physical power assets. Over two billion MWh are managed using the software.

KWI company's global headquarters and development center are in West London. The US headquarters are in Houston, with regional offices in San Francisco and Boise.

THE POSITION

The President US Field Operations is a new position that is essential to ensure the rapid growth of KWI's Sales/Operations to achieve its objectives. The President will be responsible for bringing the complete KWI solution to North American customers including product licenses, professional services, and strategic partnerships. The President will create and implement a U.S. Business Plan and model for 2002. And will be responsible for P&L of the U.S. Group including all pricing, and coordination with development on custom software opportunities.

The position unites all the Field Operations actions together with the world wide corporate business plan:

1. Sales - Building and management of the US Sales organization via planning,

recruitment, training and leadership. Team player and closer with the VP U.S. Sales. Assist in major U.S. Sales. Spearhead U.S. strategic alliances and partnerships. Sales Management, Human Resources, Administration, Compensation (Base & Bonus Plan), Project Management will be key elements of responsibilities.

2. Strategic Alliances: Develop and maintain alliances and partnerships with key consulting, solution and technology companies. Key focus of these partnerships is the North American market, but many of these activities will be global in scope.

3. Professional Services: Whether in Pre-Sales, Post Sales, Tech Support, Help Desk, or Maintenance, the emphasis will be on quality services to the client to solving his problems, to training the organization to properly use the software in an optimum way as well as Service Income (systems integration, implementation, or consulting.)

Tactical Marketing & US Corporate Marketing

This includes all the key marketing activities involving direct support of sales activities. Lead generation, trade shows, sales promotions, advertising, public relations, product brochures, leave behinds, seminars, etc. These activities to be accomplished via in-house staff and external staff of free lance consultants.

Will also include US Corporate Marketing Goals and Objectives. This relates to positioning, market image, analyst meetings and presentations, financial presentations, and competitive analysis.

Product Management

Based on "real world" field experiences during Sales, Business Development and Professional Services activities with clients, the President/GM will be instrumental in determining new products and new releases for the UK based Software Development Group.

Management Skills/Finance & Legal

The President will "partner" with the Corporate Management on all day-to-day operating responsibilities.

Together they will execute the visions of the company into reality.

Will be a key player in determining the budget and sales planning (P&L) of the company for Sales and Services

Monitor and control all sales reports, professional service reports to achieve P&L objectives. Take corrective action where required. Monitor all data reports on the Field Operations.

As part of the Executive Committee will participate in all decisions re: policy and direction i.e.: Development/Finance/Strategic Marketing, Human Resources, etc

Via a US Controller - will plan and manage the US Budget for expenses and payroll.

PERSONAL REQUIREMENTS

Must be a hands-on self starter

Must be a team player, team leader and team coach

Strong tactical marketing skills/understanding

Telecommunications or utilities work experience within software applications

Understanding of systems integration and professional services

Creative and innovative; high work ethic

Strong executive level experience in building and managing a software sales organization and to lead by example by closing deals

Experience in a fast-growth environment.

Proven ability to hire and retain talented people

Ability to create a sense of urgency for the over-achievement of plan revenue targets. Positive attitude.

Minimum Bachelor's degree. Graduate degree in Business highly desirable.

Positive attitude. Sense of urgency. Customer driven and aware; solid customer skills.

            Strong oral and written communications skills.

Note: Understanding and experience in Risk and Energy Trading would be very beneficial.

Dal Coger
Tsunami Partners
Executive Search & Selection
Ph # 781-395-2981
Ph # 781-874-0527
Cell 781-718-8397
Fax 781-395-2719
web site <http://tsunamipartners.tripod.com/>


Gerald, Debra,

Attached is our summary for our June purchases.  The information you'll need
for the confirmations is at the bottom in green.

Let me know if you have any questions.

Thanks,
Theresa
(303) 575-6485


Mtg w/Dave Baumbach, Pushkar Shahi, Jim Coffey, and Gary Hickerson
Laura set up meeting - EB32c2 w/permission from Rain 01/30/01


Is it foggy or raining?  I can't see anything out my window.


---------------------- Forwarded by Angie Zeman/Corp/Enron on 12/08/2000
08:47 AM ---------------------------
To: Angie Zeman/Corp/Enron@ENRON
cc:
Subject: Dominion Transmission Gathering Charges

FYI
---------------------- Forwarded by Katherine L Kelly/HOU/ECT on 12/08/2000
07:46 AM ---------------------------

	From:  Bryce Baxter                           12/08/2000 08:15 AM

To: Katherine L Kelly/HOU/ECT@ECT
cc:
Subject: Dominion Transmission Gathering Charges

FYI
---------------------- Forwarded by Bryce Baxter/HOU/ECT on 12/08/2000 08:14
AM ---------------------------

	From:  John M Singer @ ENRON                           12/08/2000 07:13 AM

To: Wade R Price/HOU/ECT@ECT, Gloria G Barkowsky/HOU/ECT@ECT, LaShonda
LaDay/Corp/Enron@Enron, Mary Theresa Franklin/HOU/ECT@ECT, Jeanne
Wukasch/Corp/Enron@ENRON
cc: Nelson Ferries/Corp/Enron@ENRON, Bryce Baxter/HOU/ECT@ECT, James T
Javins/DUB/EES@EES, Heidi Griffith/DUB/EES@EES
Subject: Dominion Transmission Gathering Charges

On Thursday, December 7,2000, IOGA WV and Dominion Transmission (formerly CNG
Transmission)  announced that they have reached a five year agreement on
gathering rates.  Although this agreement is subject to FERC's approval,
there should be no problem having FERC OK.

This agreement becomes effective January 1, 2001.  Under the agreement,
Dominion WILL NOT invoice either the producer or his agent (i.e. ENA) for
gathering or processing.  Instead, Dominion will increase the gas retention
percentages to cover the costs of both gathering and processing.  They are:

                                                       1/1/2001 - 6/30/2003
                 7/1/2003 - 12/31-2005

Transmission Dry
0                                                          0
Transmission Wet
3.91%                                                  3.51%
Gathering Dry
9.34%                                                   9.34%
Gathering Wet
13.25%                                               12.85%

As of yesterday, Dominion was not sure exactly how they will communicate  the
production information to the producer and/or his agent.  My guess is that
they will send a  monthly statement which willl have two volumes for each
meter.  The first volume will be the wellhead volume delivered to the meter
(a gross volume) .  This volume will be adjusted by the retention percentage
which will equate to the sales volume (gross volume less gathering and/or
processing).  The sales volume will be the volume we will pay the producer
for since it will be net of gathering and/or processing.  There will be no
additional charges.  ENA will not be required send monies to Dominion.

As additional information becomes available, I will forward.

John


International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, NY 10020-2302
United States of America
Telephone: (212-332-1200)
Facsimile: (212-332-1212)
email: isda@isda.org
website: www.isda.org

** URGENT COMMUNICATION **

FOR THE ATTENTION OF ISDA MARKET SURVEY RESPONDENTS

In the coming weeks, you will be asked to participate in our year-end market
survey. Kindly indicate the appropriate contact information if you are no
longer the market survey contact.

____ I am still the market survey contact. My contact details are listed
below.

____ I am no longer the market survey contact. The new contact details are
listed below.

Please submit your response to Alexandra Gage (agage@isda.org
<mailto:agage@isda.org>) no later than December 28, 2001.

Name:

Firm:

Address:

Address:

City, State/Postal Code:

Country:

Phone:

Fax:

Email:


This is the right document reference.  Just to be sure, I am attaching the
final version from my directory as well.

Karen E Jones
03/16/2001 12:51 PM
To: Jeff Dasovich/NA/Enron@Enron
cc: Christopher F Calger/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Jan M
King/HOU/ECT@ECT
Subject: CDWR

Jeff,
Chris asked me to forward to you our CDWR bid from February 6.  Attached is
what I think is the final version, but I'm asking Dale to confirm to you that
I've pulled the right version from his system.  Thanks.


Hey Steve and Melissa....
?
Attached are two files - one of which you should be  able to access.? It
includes a map with a colored line highlighting the  route to our house.?
?
Look forward to seeing you this weekend...?
?
Rob and Diane
 - How to get to the NM Keans.ppt
 - Map to Rob & Diane.pdf


Clement,

I hope you are well.

In the current circumstances, Enron Europe senior management feel some discomfort in signing Corp guarantees under the power of attorney mechanism we have in place. As a result, we intend to revert to forwarding these documents to Houston, presumably yourself, for execution.

I apologise for adding to your burden this way. Having done so, I would be grateful if you could do your usual sterling job in ensuring that these documents, which support our trading business are dealt with as promptly as your other responsibilities allow.

Many thanks

								Mark

J. Mark Evans
Enron Europe Legal Department
tel: 44 207 783 5424
fax: 44 207 783 8287
email: mark.evans@enron.com
outlook: evans, mark (London Legal)


I received a call from Tim Roberts of the Energy Journal in San Jose CA.
They are writing a piece on the current energy situation in CA and how it is
effecting IPP's and power marketers and their intentions towards the CA
market in the future.  He would like to speak with somebody at Enron.  As far
as I know, I do no have media clearance so I had no comment.

If Enron wants an opportunity to make a public statement we should talk to
this guy as early as possible today or tomorrow.  He can be reached at
408-299-1821.

George Waidelich
925-543-3801


Kevin Hyatt/HOU/EES wants you to attend a meeting.

On   08/08/2000 02:30:00 PM CDT
For   2 hours
With:   Kevin Hyatt/HOU/EES (Chairperson)
  Lorraine Lindberg/ET&S/Enron (Invited)
  Michelle Lokay/ET&S/Enron (Invited)
  TK Lohman/ET&S/Enron (Invited)

EOL meeting on Reg issues associated w/ bid/offer deals on EOL EB49c2


At the request of Bill Bradford, attached is a draft form of agreement pursuant to which EPMI would be able to assign certain power trades to a third party in order to reduce William's exposure to EPMI.  Please do not hesitate to call me if you or your attorneys have any questions.

Ed Sacks
(713) 345-7712