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<title>Derivatives For Energy Professionals</title>

Derivatives
        For

        Energy Professionals<o:p>
        </o:p>

Two
        Full Days, April 9 ? 10, 2002

        Early Bird Special Deadline is March 11th

        Houston, TX

        Energy
        Consumers and Producers?<o:p>
        </o:p>

Are
        you a consumer that hesitated to buy forward in 2000 or bought too soon
        last year?  Are you a
        producer who hedged too early in 2000 and did not hedge enough in early
        2001?  Did you take undue
        credit risk because you did not know how to estimate exposure?
        Are you comforting yourself with the fact that you did not hedge
        to make money?  Let's face it - you did not hedge to lose money either.
        Kase's Derivatives for Energy Professionals will provide you with
        the indispensable strategies and tactics you need to avoid costly errors
        and equip you to make the important hedging decisions necessary for
        survival in today's treacherous marketplace.<o:p>
        </o:p>

Content

The
            Derivatives Market<o:p>
            </o:p>

Buying
            and Selling Forward<o:p>
            </o:p>

Hedging
            Long and Short Positions<o:p>
            </o:p>

Trigger
            Deals, EFP's, Swaps<o:p>
            </o:p>

Hedging
            Spreads and Basis<o:p>
            </o:p>

Volatility
            and Options<o:p>
            </o:p>

Hedging
            with Options<o:p>
            </o:p>

Hedging
            with "Exotics"<o:p>
            </o:p>

Market
            Behavior in Favorable Price Environments<o:p>
            </o:p>

Market
            Behavior in Adverse Price Environments<o:p>
            </o:p>

Developing
            a Strategy to Match Risk Appetite<o:p>
            </o:p>

Selecting
            Appropriate Instruments<o:p>
            </o:p>

Developing
            Policies and Procedures<o:p>

In
        This Class You Will Learn About<o:p>
        </o:p>

            How
            futures and OTC derivatives work

            Hedging
            prices, basis, margins, and spreads<o:p>

            Math
            for volatility, VAR, Monte Carlos<o:p>
            </o:p>

          Options,
            including puts, calls, floors, caps, synthetics, and more

            Cost-reducing
            hedge strategies, such as three-way collars, option spreads<o:p>
            </o:p>

            How
            the market behaves, including how long bull and bear markets
            typically last, how contango or backwardation effects hedging, the
            impact of removing hedges<o:p>
            </o:p>

            What
            hedge maturities should be used<o:p>

            Considerations
            for custom strategies

            Developing
            policies and procedures<o:p>
            </o:p>

Registration
  Fees Include a Copy of Kase?s video ?Effective Risk Management?

<O:P>

Early
        Bird Deadline is March 11

Early
        Bird Special:  $895.00

        Two or More Early Bird:  $825.00

        Regular:  $995.00

        Two or More:  $895.00<o:p>
        </o:p>
        <o:p>
        </o:p>

Marriott
        West Loop, Houston<o:p>
        </o:p>

$135
        Per Night ? Kase Class Rate

        (713) 960-0111 Reservations Phone

        (713) 624-1517 Reservations Fax

        1750 West Loop South

        Houston, TX  77027<o:p>
        </o:p>
        <o:p>
        </o:p>

For
        More Information Go To?.

        www.kaseco.com/classes/derivatives.htm<o:p>

        </o:p>

            Kase and
              Company also offers In House Training Classes. For more
              information about Kase In House Training Classes please email us at:

              kase@kaseco.com

 (505) 237-1600.

        Kase and Company also has an
        upcoming <blink> Learn Technical Analysis</blink> Class on June 11-12, 2002 in Houston,
        TX. For more
        information about Learn Technical Analysis and what will be covered go
        to...

        www.kaseco.com/classes/tech_analysis.htm


We have received the executed Non-Disclosure Agreement with the referenced
Counterparty dated 10/26/00.  Copies will be distributed.


Market Participants:

> Summer Reliability Contract Capacity Payment/Charge
> Charge Type 1120
>
> To assist in meeting the peak demand conditions during the summer period,
> the California Independent System Operator contracted for new generation
> through the Summer Reliability Agreements (SRA).  On March 30th the ISO
> Board directed management to recover costs incurred under the Summer
> Reliability Agreements as provided in the ISO Tariff Section 2.3.5.1.8.
>
> The SRA Fixed Charge amounts will be charged through Charge Type 1120
> (Summer Reliability Contract Capacity Payment/Charge) on the Preliminary
> statement for the last day of the Trade month before payment is due. The
> ISO will charge the market based on an estimate of the metered Demand
> (including Exports). This will be the month just prior to the actual
> billing month.  For example, the June 2001 charges will be entered on the
> Preliminary Statement for Trade Date 5/31/01.  The SRA charges will then
> be adjusted including penalties and offsets on the Final statement for
> Trade Date 6/30/01 (the last day of each actual billing month) to match
> actual charges calculated based on metered Demand (including Exports).
>
> The first charge for June 2001 will appear on the Preliminary Statement
> for Trade Date May 31, 2001.  This Preliminary Statement will publish on
> July 25, 2001.  Adjustments for June 2001 will appear on the Final
> Statement for Trade Date 6/30/01, which will publish on September 12,
> 2001.
>
> CT 1120 will be a manual charge type within the Manual Line Item Records.
> No structural changes will occur in the Specification for Settlement
> Statement Files, Version 13.0c.
>
> Should you have questions, please contact your ISO Client Relations'
> Account Manager.
>
> Client Relations Communication
>       CRCommunications@caiso.com
>
>


Dar, are you on-line?  If so, please answer back.  I have questions.  Well,
I'll ask them.  Did you get the wedding pics?

me


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Kay:

Is this acceptable to you? Do you have any open issues that I missed.
I think it is fair.
----- Forwarded by Brian D Barto/ENRON_DEVELOPMENT on 03/09/2001 08:36 AM
-----

	jeffrey.darst@ps.ge.com
	03/09/2001 08:35 AM

		 To: bbarto@enron.com
		 cc: chasecl@pssch.ps.ge.com
		 Subject: Blue Dog Max, comments on draft CO No. 2, rev 6a

Brian,

We are in agreement with the language you proposed for Change Order #2 with
the following exception;

We suggest that the first sentence of the revision of 2.6 be retained but
that the balance of the provision be deleted and substituted with the
following:

> Purchaser and Seller agree that the Primary Warranty Period for Unit 1
> Equipment placed into storage shall be determined in accordance with
> Article 14.1.1 of the Agreement except that the Primary Warranty Period
> shall end no later than thirty-six (36) months from the date the last
> Major Component of Unit 1 is delivered to Seller's storage facility in
> undamaged condition.
>
We believe the above wording is a compromise to satisfy your concern that
Unit 1 could be damaged in transit to the storage facility.  The above
wording extends the warranty period, at no cost to Enron, at least by a
duration equal to the transit time to storage .

It is our hope that we can proceed from here.

Regards,

Jeff
Global Power Plant Systems
518-385-0663
518-381-1513 (fax)

>
>


Cynthia - I think you have told us what we need to know.  I assume
"monitoring" will be no burden since you expect no movement.  Our arrangement
with Enron does not require you to undertake any efforts on our behalf that
you would not otherwise take on Enron's, so I won't ask you to start a new
file on this.

Will the bill die at the end of the year if there has been no action or will
it stay alive into the next Congress?

Thanks for your kind thoughts on our IPO and thanks for steering me to Sen
Schumer's office last week.  We will keep  up that relationship now that it
is established.

From: Cynthia Sandherr@ENRON on 10/12/2000 04:12 PM CDT
To: Kathleen E Magruder/HOU/EES@EES
cc: Joe Hillings/Corp/Enron@Enron, Marc Manly/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron, Chris Long/Corp/Enron@ENRON, mpate@bracepatt.com, Tom
Briggs/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Allison Navin/Corp/Enron@ENRON
Subject: Re: Important Legislation Watch:  H.R. 5415

Kathleen:  We will be happy to monitor this bill for you.  However, you
should know that this legislation is going nowhere this Congress.  The member
introducing it, Congressman Filner (D-CA), is not a member of the Ways and
Means Committee to which the bill was referred.  Further, as a Democrat, even
if he were a Ways and Means Committee Member, the bill would go nowhere
absent support from a Republican Committee Member (which he does not have.)
Finally, there is only a small outside chance that this Congress will even
consider a tax package at all this year.  The possible tax package which has
been circulated does not contain this language.  Interestingly, this
Congressman has also recently introduced separate legislation (H.R. 5131) to
give FERC retroactive rate-making authority in order to roll back wholesale
prices and refund the overcharges to consumers.  Seems he's on a roll!!!!  As
a member from the San Diego area, he is mostly introducing these type of
bills for press purposes.  Hope you are doing well and Congratulations on the
success of the IPO!

	Kathleen E Magruder@EES
	10/12/2000 10:09 AM

		 To: Cynthia Sandherr/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON
		 cc: Richard Shapiro/NA/Enron@Enron, Marc Manly/HOU/EES@EES
		 Subject: Important Legislation Watch

Please let me know what action, if any, is Enron taking on this piece of
legislation.  If you are  monitoring, would you please add me to your
distribution list?

Thanks
---------------------- Forwarded by Kathleen E Magruder/HOU/EES on 10/12/2000
10:07 AM ---------------------------

	Enron Energy Services

	From:  Vickie Gross                           10/11/2000 06:01 PM
	Phone: n/a

To: Steve Nolan/HOU/EES@EES, Jim Malone/TNPC/EES@EES, Bill Jacobs, Gene
Lockhart/HOU/EES@EES, Kathleen E Magruder/HOU/EES@EES, John
Henderson/HOU/EES@EES, Marc Manly
cc:
Subject: Important Legislation Watch

Per the attached:

HR Bill 5415 was introduced in the U.S. House of Representatives and designed
to impose a windfall profits tax on wholesale electric energy sold in the
Western System Coordinating Council (WSCC).  The Act referred to as the
"Public Oversight of Wholesale Electric Rates Act" or "POWER Act" attempts to
impose an excise tax of 100% of the windfall profits received by a seller of
power in the WSCC.  The windfall profit tax would be calculated on the excess
of the energy rate sold over the regulated price.  This tax would be
effective for sales of electricity sold after June 1, 2000.  While this tax
would be imposed on the wholesale seller, the amount passed to the retail
consumer would be inclusive of the new tax.


[IMAGE]
 [IMAGE]    Search NYTimes.com  Today's News Past Week Past 30 Days Past 90 Days Past Year Since 1996
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   December 22, 2001   QUOTE OF THE DAY "I wanted the guys who are more like George Steinbrenner  deep pockets and would do anything to see the Red Sox win."  MARK LANGE, a Boston Red Sox fan, on the choice of new owners for the team.   TolkienArchives Examine the World of J. R. R. Tolkien - This sponsored feature includes articles from the New York Times archives, slide shows of Tolkien's artwork, multimedia presentations from New Line Cinema, weekly trivia quizzes and more.    Explore Tolkien Today .     NATIONAL U.S. Expatriate Is Seen Facing Capital Charge  Administration officials said that John Walker, the American who was captured in Afghanistan, would probably face at least one capital charge.   U.S. Inquiry Tried, but Failed, to Link Iraq to Anthrax Attack  The Bush administration made an intense effort to find a link between Iraq and the anthrax attacks, even after scientists determined the germ was an American strain.   In Largest Schools Takeover, State Will Run Philadelphia's  The governor of Pennsylvania won the agreement of the mayor of Philadelphia for an immediate state takeover of the city's public school system.     MORE NATIONAL NEWS   Advertisement   A New Way To Enjoy A Great Book!  At Audible, you can download a bestselling book and listen to it on your commute, at the gym, or anywhere.  Visit us now and get a free MP3 player and start listening today.  Sample us first - you'll love what you hear.  Listen to a best seller, an online version of your favorite newspaper or magazine or exclusive entertainment from Robin Williams.      [IMAGE]   INTERNATIONAL Convoy Containing Suspected Taliban Leaders Hit by Airstrike  As Afghanistan prepared to install an interim government, United States jets hit a convoy said to include fleeing Taliban leaders.   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After Twists of a Novel, Congress Goes Home  Congress ended its session with dramatic inaction on the economy.   Before Adjournment, Congress Acts on Bioterrorism and Security  Congress took action on measures to combat bioterrorism, to protect the food supply and to increase security in its last session of the year.     MORE POLITICS NEWS    SPORTS Islanders Beat Rangers to Punch  Chris Osgood made most of his 28 saves after Michael Peca's tie-breaking goal and preserved a victory that put the Islanders in a tie for first place in the Atlantic Division.   Nets' Game Stalls Against Indiana  The Nets crossed up their passes, fell short on their shots and stared into the distance   on defense in a loss to the Indiana Pacers.   Dick Schaap, Ubiquitous Sports Journalist, Dies at 67  Dick Schaap, the affable and ubiquitous journalist who embodied the role of the "as told to" writer of autobiographies, died as a result of complications after hip replacement surgery .     MORE SPORTS NEWS    ARTS A New Chief Steps in at a Changed National Endowment for the Arts  The Senate confirmed a new chairman  of   the National Endowment for the Arts late   Thursday and hardly anyone noticed.   The Unforeseen Disruption of Moving Ahead  A pattern of military confrontation is a model that has been increasingly used to describe progress in the worlds of business and technology.   A Poet's Palestine as a Metaphor  As the Palestinian poet Mahmoud Darwish has observed, Palestine is not simply a plot of land, any more than Israel is a plot of land in the Jewish imagination.     MORE ARTS NEWS    NY REGION Head of Fund Says Families Should State Their Cases  The special master of the federal fund for Sept. 11 victims urged disappointed families to seek a   hearing to argue for larger compensation awards.   And Now, a New York Version of Star Wars  A bill passed by both houses of the state legislature requires cities to install downward-focused streetlights to prevent light pollution.   Political Map in Connecticut Is Redrawn  State lawmakers approved a new Congressional map that redraws Connecticut's six House districts into five.     MORE NY REGION NEWS    OP-ED  Totally Extreme Taliban   By THOMAS FRANK  Did TV ads drive John Walker wild?   Siege Mentality in Buenos Aires   By NOGA TARNOPOLSKY  Argentina's political class implodes again.   The Road to Equal Education    The effort to rescue millions of disadvantaged children from failing schools can succeed only if President Bush places the full weight of his office behind the new law.     MORE OP-ED  NEWS    Contribute to The Neediest Cases Fund Make an online donation this Holiday Season to The New York Times Neediest Cases Fund to help thousands of people.   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hey thanks.  lsu has a lot to look fwd to next season with the studs you
recruited.  what did you think of mack?
i got the check but signed it over to paul lucci for another gambling debt -
he said he hasn't cashed it yet but will by the end of the week.

eric

Chad Landry
02/12/2001 09:57 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Congrats

on a good recruiting class this year.  I met Mack Brown at a dinner honoring
Rick Perry last week.  Did you get the check I sent you???  If so, did you
deposit it???  Just trying to get my finances in order.

CKL


Louise,

Many thanks. As Christie probably told you, the case was a huge success -
and you were a star!
Thanks again for all your help.

Regards,

Chris

At 08:39 AM 5/4/01 -0500, you wrote:

>Hello Chris and Christie,
>
>I have asked Kal Shah to run with getting you what you need to ensure that
>you will have a contact during my absence.  I have copied Kal on this email
>and hope that this works for everyone.
>
>Thanks
>
>Louise
>
>
>
>
>
>
>Christie Patrick
>05/03/2001 01:12 PM
>
>To:   cbartlett@hbs.edu
>cc:    (bcc: Louise Kitchen/HOU/ECT)
>
>Subject:  Enron Online case
>
>Hi Chris!
>
>Thanks for the message and the great experience at Harvard last week!
>Harvard's hospitality was the best!!
>
>I'm travelling right now and only have a minute, but I've passed along your
>request to Louise and will follow up with her and the totality of your
>request on  Monday. ( I also told Louise she was a "star in absentia" at
>Harvard last week!!!)
>
>Take care and we'll speak soon!
>
>Best!
>
>--Christie.
>---------------------- Forwarded by Christie Patrick/HOU/ECT on 05/03/2001
>01:02 PM ---------------------------
>
>
>Christopher Bartlett <cbartlett@hbs.edu> on 05/03/2001 09:33:48 AM
>
>To:   christie.patrick@enron.com
>cc:
>
>Subject:  Enron Online case
>
>
>Christie:
>
>Following up on my message of last week, I have now finished the minor
>edits required to clarify the Enron Online case (correcting the stock
>price, clarifying the "One to Many" versus "Many to Many" models of
>trading, etc.).  The one piece that remains for me to insert is some
>information that will allow the students to make some estimates about the
>economic risk involved in this bold move.  I know that wholesale services
>contributed about 89% of Enron's total profit in 1999, but it is unclear
>what extent of this was provided by the traditional trading activities that
>subsequently were enhanced by Enron Online. My suspicion is that it is the
>majority of the sales volume, and perhaps the majority of profitability,
>but if we could give some clue to that in the case, it would be
>helpful.  This might simply be that "trading activities constituted the
>majority of wholesale services profits" or "the vast majority" or "over
>80%" or whatever you think would give the students some sense of
>quantification.  The alternative might be to provide data that was
>disguised and could be footnoted as such.  For example, we could identify
>that trading contributed "over $750 million to Enron's net profits" with
>that number footnoted as a disguised figure.
>
>The other thing that would be very helpful would be again to provide some
>data on the profitability of operations in 1999 versus the profitability in
>2000 when Enron Online became a dominant part of its activities.  Once
>again, we could include broad-level generalizations or disguised
>data.  It's your choice, but it will give the students a sense of the size
>of the issue facing them.
>
>If it is helpful to talk about this in person, please feel free to call me
>on 617-495-6308 today (Thursday); or tomorrow (Friday) in the afternoon at
>802-457-1880.
>
>Once again, thanks so much not only for the cooperation on the case, but
>also for the terrific organization you did in getting your executive team
>up here for last week's classes.  I think you probably realized that it was
>a "home run" with the students, who are still talking about it.
>
>Best wishes,
>Chris

Professor Christopher A. Bartlett
Harvard Business School
Morgan 465
Soldiers Field
Boston, MA 02163
U.S.A.
Phone: 617-495-6308
Fax:  617-496-5271
email:  cbartlett@hbs.edu


Today is my last day with the company and with all sincerity, I want to thank
everyone for making my last 2.5 years so much fun.  It really has been a
blast and I hope we keep in touch.  As you know, I'll be at Northwestern next
year so if you're in Chicago, please look me up.  Take care, I wish you guys
all the best.  Here is my forwarding info, but first...

No Iaia email is complete without a cheesy, Italian quote:
And so I leave you with the immortal words of Francis Albert Sinatra:

"And now, the end is near;
and so I face the final curtin.
I ate it up and spit it out.
I faced it all and I stood tall;
And did it my way."

God bless that guy, anyway, here it is:

iaia14@hotmail.com
518-869-2280

It's been fun. Y'all take care now, y'hear?


----- Forwarded by Elizabeth Sager/HOU/ECT on 04/07/2001 02:55 PM -----

	Carol St Clair
	04/06/2001 10:23 PM

		 To: Travis McCullough/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT
		 cc:
		 Subject: Attachment

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


Just a round robin regarding the day ahead transfers to real-time for parking and lending and the fees associated with it.  Please let me know if you can't attend.

Diana


So, what's up? I got your message last Friday and have tried to get a hold
of you. Today is Kristie's B-day, did you get a hold of her?

Brendan Adams
Project Manager
Gerald Martin, Ltd


Good morning, Mark.   Below are the various numbers Bob Kelly has given us to use when trying to reach him:

Work:	713/355-6504
Cell:	713/899-1541
Home:	713/850-8581

Cindy

-----Original Message-----
From: Horton, Stanley
Sent: Friday, December 21, 2001 7:32 AM
To: Stark, Cindy
Subject: Fw: RE: Wind Update

Please forward Bob Kelley,s ,umber to Mark
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Metts, Mark <mark.metts@enron.com>
To: Horton, Stanley <Stanley.Horton@ENRON.com>
CC: Stark, Cindy <Cindy.Stark@ENRON.com>
Sent: Fri Dec 21 06:24:24 2001
Subject: RE: Wind Update

Will do.  Can you or Cindy give me his number?  Thanks!

-----Original Message-----
From: Horton, Stanley
Sent: Friday, December 21, 2001 5:55 AM
To: Metts, Mark
Subject: RE: Wind Update

He is working with sev eral.  0erhaps you could give him a call.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Metts, Mark <mark.metts@enron.com>
To: Horton, Stanley <Stanley.Horton@ENRON.com>
Sent: Thu Dec 20 21:35:53 2001
Subject: RE: Wind Update

Which group is he working with specifically?  We have had several folks say that they have "talked with" Bob Kelley, but I want to make sure he is covered.

-----Original Message-----
From: Horton, Stanley
Sent: Thursday, December 20, 2001 9:28 PM
To: Metts, Mark
Subject: Re: Wind Update

Thanks. Please make sure Bob Kelley is on the list.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Having worked on the Enron Advisory council process, I have one observation:
consider having some or all of these individuals as "guest speakers" rather
than formal memebers.  You can still have them review information, do their
homework, and tailor their remarks to Enron specifics.
Also, you should definitely include Paul Portney at Resources for the
Future.  He sits on the Enron Advisory Council and knows the company well.

	Kelly Kimberly@ENRON COMMUNICATIONS
	Sent by: Stacy Walker@ENRON COMMUNICATIONS
	03/01/2001 02:27 PM

		 To: Brian Stanley/EU/Enron@Enron, Dan Bruce/Enron@EnronXGate, Dave
Schafer/NA/Enron@ENRON, Eddie Clay/EFS/EES@EES, Elyse
Kalmans/Corp/Enron@ENRON, Gene Humphrey/Enron@EnronXGate, George
Wasaff/Enron@EnronXGate, Gregory Adams/Corp/Enron@ENRON, Hap
Boyd/EWC/Enron@Enron, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jean Mrha/NA/Enron@ENRON, Jimmy Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Miguel
Padron/NA/Enron@ENRON, Mark Schroeder/LON/ECT@ECT, Michael
Terraso/OTS/Enron@Enron, Mitchell Taylor/Enron@EnronXGate, Paula
Rieker/Corp/Enron@Enron, Rick Buy/Enron@EnronXGate, Rob
Walls/ENRON@enronXgate, Shelley Corman/Enron@EnronXGate, Steven J
Kean/NA/Enron@ENRON, Tim DeSpain/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES
		 cc: Nicola Blancke/EU/Enron@Enron, Mary Weatherstone/Enron@EnronXGate, Lisa
Costello/NA/Enron@Enron, Barbara Hooks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Zulie Flores/Corp/Enron@ENRON, Bert Frazier/Enron@EnronXGate, Karina
Prizont/Enron@EnronXGate, Dortha Gray/GPGFIN/Enron@Enron, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Melissa Jones/NA/Enron@ENRON,
Leena Mathews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Isabel
Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beverley Ashcroft/LON/ECT@ECT,
Laura Glenn/OTS/Enron@ENRON, Karen E Campos/NA/Enron@ENRON, Rosario
Boling/Enron@EnronXGate, Laura Valencia/Corp/Enron@ENRON, Karen K
Heathman/Enron@EnronXGate, Debra Hicks/Enron@EnronXGate, Ruth
Mann/Enron@EnronXGate, Maureen McVicker/NA/Enron@ENRON, Marion
Sczykutowicz/HOU/ECT@ECT, Leasa Lopez/HOU/EES@EES, Lauren
Iannarone/NY/ECT@ECT, Catherine McKalip-Thompson/Enron Communications@Enron
Communications, Susan Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: External Advisory Council

As we discussed at the last Corporate Responsibility task force meeting, one
activity that we have underway is recruiting an external advisory council.
This council will be comprised of global experts on environmental and social
issues, from non-governmental organizations and potentially other businesses,
to advise us on trends and issues in this area.  An outline of the advisory
council structure, along with categories of experts and proposed names is
attached below.

We expect to convene meetings with this group twice a year, inviting the
Enron executive committee and board of directors, as well as the Corporate
Responsibility task force, to engage in a dialogue.  We plan to present a
slate of possible candidates to Ken Lay and Jeff Skilling later this month,
and would appreciate your input and any ideas by March 16.

Thanks for your consideration.


pls print for me.  thanks. df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/06/2001
05:42 PM ---------------------------
From: Julie McCoy/ENRON@enronXgate on 02/05/2001 04:50 PM
To: Mike W McGowan/ENRON@enronXgate, Dave Neubauer/ET&S/Enron@ENRON, Michel
Nelson/ET&S/Enron@ENRON, Bill Cordes/NPNG/Enron@ENRON, Maria
Pavlou/ENRON@enronXgate, Drew Fossum/ET&S/Enron@ENRON, Barbara
Bischoff/ET&S/Enron@ENRON
cc: Virginia O'Neill/NPNG/Enron@Enron, Deb Cappiello/ET&S/Enron@ENRON, Martha
Benner/ENRON@enronXgate

Subject: Invitation to Mount Michael Night of Knights - April 7, 2001

Enron Transportation Services and Mary Kay Miller cordially invite you and a
guest to attend the 12th Annual Mount Michael Night of Knights on April 7,
2001.

2001 Mount Michael Night of Knights - "Twelfth Knight"
Saturday, April 7, 2001
Armory Reception, Social Hour and Silent Auction  5:30 PM-7:30 PM
Dinner and Live Auction  7:30 PM
Mount Michael Benedictine School
22520 Mount Michael Road
Elkhorn, NE  68022

Please RSVP to Julie McCoy by Monday, February 26.


Thank you all for being so responsive.

I'm still waiting for claims on:
Ameren
AIG
CLECO
Colonial
ConAgra
Dominion
Enterprise
Chase
Noble
Cornerstone
Occidental
Carolina Power and Light
Southern Co.
Western Gas Resources

Anyone? Please let me know by noon today.

Thanks again for your help.

Jennifer


The real cara comes out at last,  you will notice schedulers working feverishly behind me

:)

 -----Original Message-----
From: 	Mehrer, Anna
Sent:	Wednesday, November 07, 2001 2:22 PM
To:	Semperger, Cara
Subject:	Halloween Pictures

More can be found at:

p:\Admin Assistants\Parties\Halloween 2001


Here's another stab at the assignment clause for the World Hunger contract
for your consideration:

Except as described in Section __ [next paragraph] neither Party shall assign
any or all of their duties or rights under this Contract without prior
written consent from the other Party; such consent not to be unreasonably
withheld, conditioned or delayed.

Notwithstanding the foregoing:  (i) Purchaser, Seller or Agent may assign any
or all of their duties or rights to any Affiliate or subsidiary without the
other,s consent; (ii) Purchaser or Agent may assign any or all of its duties
or rights to any Affiliate of Enron Corp., without Seller,s consent, and
(iii) Purchaser or Agent may assign any or all of its rights and obligations
without Seller,s consent following [appropriate milestone].  In each instance
the assignment shall be effective as of the time the assignor delivers notice
to the other party in accordance with [Section ]. [form to be agreed now?]

Seller shall only be deemed to be reasonable in withholding its consent if
the proposed assignee: (i) does not have a credit rating of [___] unless (a)
the proposed assignee provides appropriate guaranties, letters of credit or
other assurances of payment issued by an entity or person with a credit
rating of [__], or (b) the assignor agrees to remain liable for all liability
under this Agreement until [appropriate milestone], or (c) is a party
participating in or providing financing or financing structures, including,
without limitation, structures related to leasing arrangements and project
financing, including a special purpose vehicle receiving financing to develop
and/or construct the project for which Purchaser or Agent purchased the
Equipment, if Purchaser or Agent has provided reasonably satisfactory
representations concerning the sufficiency of the financing arrangement, or
(d) final payment (except for the retention amount) has been made to Seller;
(ii) is a direct competitor of Seller in the turbine manufacturing business,
(iii) is an adverse party to Seller in any material litigation, or (iv) if
purchasing the Equipment, such assignee is not purchasing such Equipment (or
rights thereto) as part of a transaction in which Purchaser, Agent or their
Affiliates is providing related goods and/or services to such assignee.

Purchaser or Agent shall have the right to assign or pledge, from time to
time, all or any portion of their respective right, title and interest in, to
and under the Agreement as collateral for financing of this Facility without
Seller,s consent.

In the instances where consent is required, the party requesting consent
shall request such consent in writing, including the following:

(a) the legal name and address and the form and place of incorporation or
organization of the proposed assignee; and,

(b) the current published annual report of the proposed assignee, or if no
such report is published three years of audited financial statements and a
description of the proposed assignee,s business, if available.

Seller shall respond to any request for consent within thirty (30) days
following its receipt of such request.   Seller,s consent if granted shall be
in the form of Appendix __ hereto.  Any failure to respond in writing within
the foregoing period shall be deemed to constitute consent.

When duly assigned in accordance with this Article, (including, following any
collateral assignment, upon foreclosure by any collateral assignee), (i) this
Agreement or the rights and/or obligations so assigned shall be binding upon
and shall inure to the benefit of the assignee (and all rights and/or
obligations so assigned, including, without limitation, any and all warranty
rights, shall be assigned to the assignee as if such assignee were an
original party hereto), (ii) the assignor shall be irrevocably relieved of
and forever discharged from all liability under this Agreement so long as the
assignee executes an assumption of this Agreement and such liabilities and
obligations herein, and (iii) Seller shall look only to such assignee for the
performance of the obligations so assigned.  Any assignment other than as
permitted herein shall be void and without force or effect.

[Here's the electronic version]


BANDWIDTH BEAT: Glut Or No Glut, Dynegy's Lighting Fiber
Dow Jones Energy Service, 09/21/01
INDIA: Enron Indian unit defaults on interest dues-source.
Reuters English News Service, 09/21/01
India Crt Disallows MSEB's Appeal On Payment To Dabhol
Dow Jones International News, 09/21/01

Kaiser Aluminum May Owe Refunds for Power Sales in Northwest
Bloomberg, 09/21/01

Enron Accused of Infringing Electronic Trading Patent (Update2)
Bloomberg, 09/21/01

BANDWIDTH BEAT: Glut Or No Glut, Dynegy's Lighting Fiber
By Michael Rieke

09/21/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Never mind all the talk about a bandwidth glut, here comes more longhaul telecommunications capacity.
Dynegy Corp.'s (DYN) telecom unit is bringing its domestic fiber-optic longhaul network online next month despite the fact that bandwidth prices have been falling for more than a year.
Mark Stubbe, president and chief operating officer of Dynegyconnect, told Bandwidth Beat, "We're basically lit and we're going through the testing right now."
Dynegy is lighting two of the four strands of fiber covered by a 20-year lease done earlier this year with Level 3 Communications Inc. (LVLT).
"For the most part, it is the Level 3 footprint," Stubbe said about the network. That means it connects nearly 60 of the largest cities in the United States. Dynegy has added to that footprint by doing a few deals to control other capacity, he said.
The U.S. network is connected to Dynegy's European network by leased subsea capacity. Transatlantic capacity is so cheap it doesn't make sense to own it, he said. The company is already moving data on the European network and both ways on the transatlantic routes.
Although Dynegy could light the network at OC192, it's starting at OC48 capacity, allowing it to move 2.5 gigabits of data a second. Those circuits can be sold at lower capacities, he added.
The network includes OC48 metropolitan area capacity thanks to a deal done a few months ago with Telseon Inc. That deal covers cities like New York, Chicago, San Francisco, Chicago, Dallas Atlanta, Seattle, Denver, Miami and Washington, D.C.
Dynegy is spending about $700 million to light the U.S. and European networks. Those expenditures have been spread over 2000-2001. Next year it will spend more money in metro areas to improve connectivity to buildings with prospective customers.
Recent financial problems in the telecom sector enabled the company to save 10-20% on some equipment needed to light the network. "And we had already budgeted low because we thought the equipment was going to come down," Stubbe said.
With longhaul bandwidth prices off as much as 90% since early this year, why build a network instead of piecing together cheap routes bought from existing networks?
"It's important to show (customers) you own your own capacity and control it," Stubbe said.
Stubbe talked to a big customer in Dallas recently which had bought capacity from a number of companies that have gone under or are struggling financially.
The customer wanted to know what Dynegy owns, what its balance sheet looks like and what its technical capabilities are, Stubbe said.
If there's a problem, a customer doesn't want to hear that its supplier will have to call a number of other networks to find out what's wrong, he said.
As more and more longhaul networks connect to each other and as metro connectivity improves, that won't be a problem. The telecom sector will look more like the energy industry where companies "lean on each other's assets."
In the natural gas business, for example, Dynegy moves gas on pipelines owned by Enron Corp. (ENE), El Paso Corp. (EPG) and the Williams Companies (WMB) among others.
Dynegy will fill its network by going after wholesale customers, Stubbe said. But that field will be wider than traditional telecoms might have thought.
Big banks in New York need considerable capacity, he said. "They almost look like a small city. So (we) would go after those types of enterprises."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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

INDIA: Enron Indian unit defaults on interest dues-source.
By Sriram Ramakrishnan

09/21/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Sept 21 (Reuters) - The Indian unit of U.S. energy major Enron Corp has defaulted on interest payments to international lenders, an industry source said on Friday.
Citibank, Bank of America, U.S. Exim Bank and Japan's Overseas Private Investment Corporation are among the international lenders to Dabhol Power Company's $2.9 billion Indian plant.
"The default happened early this week," the source, who declined to be identified, told Reuters.
"DPC was supposed to repay interest on loans it had taken for the second phase of the power project but it could not pay."
The source did not reveal the amount involved or the identity of lenders.
A Dabhol spokesman declined to comment on the default, and the Enron Corp spokesman in Houston was not immediately available for comment.
But the Dabhol spokesman confirmed that the company had asked foreign lenders for help in meeting its interest payments, some of which must be made by September 30.
Dabhol has faced cash problems ever since it was forced to shut its 2,184 MW plant on the west coast of India in June after its sole buyer, a local state utility, stopped buying power and defaulted on earlier dues.
Almost 70 percent of the power plant, built a cost of $2.9 billion, was funded by debt.
Indian lenders - banks and financial institutions - have lent around $1.4 billion and foreign lenders have contributed the rest.
Of the 30 percent equity, Enron owns 65 percent, the state utility owns 15 percent, General Electric Company and Bechtel Corporation each own 10 percent.
DEALS A BLOW
Analysts said the default deals a huge blow to efforts to find a solution to the dispute between Dabhol and a local utility, the Maharashtra State Electricity Board (MSEB).
Foreign lenders are now likely to be less accommodating, they said, and will be under increasing pressure to invoke guarantees given by the Indian lenders.
Besides lending money themselves, Indian lenders have guaranteed most of the loans given by the project's global creditors. Therefore, Indian lenders will be obliged to pay up whatever amount Dabhol defaults on.
The gas-based power project, India's largest foreign direct investment, has been mired in controversy from the very start.
This year, things came to a head as an ugly spat erupted between Dabhol and the state utility, which was the sole purchaser of the plant's power.
The dispute centres around the terms of the power purchase agreement, the contract that governs Dabhol's sale and the utility's purchase of power.
The state utility claimed the power was too expensive and it didn't need all the plant's power, which it had initially agreed to buy, while Dabhol accused the electricity board of reneging on its contractual obligations.

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

India Crt Disallows MSEB's Appeal On Payment To Dabhol

09/21/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- India's Supreme Court has asked the Maharashtra State Electricity Board and U.S. energy major Enron Corp.'s (ENE) unit, Dabhol Power Co., to file a written submission within four weeks on the Letter of Credit issued by MSEB to DPC, Jimmy Mogal, a Dabhol spokesman, said late Friday.
DPC had invoked the letter of credit from Canara Bank Sept. 11 accusing the MSEB for non-payment of April electricity bills. The encashment was withheld after MSEB appealed to the Bombay High Court and got an injunction, the report said.
"The Supreme Court has not granted relief sought by the MSEB in its petition and has given four weeks time to both parties, the DPC and MSEB, to file written submissions to the Supreme Court. In the interim, their will be no attempts by DPC to encash the Letter of Credit," Mogal said.
"However, other ongoing legal actions, including arbitration with the government of India and the state of Maharashtra in London will continue," he added.
As reported, Enron has threatened to pull out of the project following long-standing payment disputes with its sole buyer, the Maharashtra State Electricity Board, and the failure of India's federal government to honor its payment guarantee for the project.
Enron holds a 65% stake in the 2,184-megawatt Dabhol power project in the western Indian state of Maharashtra.
Dabhol is the single largest foreign investment in India to date, at $2.9 billion.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9426; himendra.kumardowjones.com

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

Kaiser Aluminum May Owe Refunds for Power Sales in Northwest
2001-09-21 16:52 (New York)

Kaiser Aluminum May Owe Refunds for Power Sales in Northwest

     Washington, Sept. 21 (Bloomberg) -- Kaiser Aluminum Corp. may
have to repay some of the $60 million it collected from selling
electricity to Clark County, Washington, last winter when the
third-biggest U.S. aluminum maker decided it could make more money
selling power than metals.

     The Houston-based company in December shut its smelter in
Mead, Washington, and began selling power it had contracted to buy
from the Bonneville Power Administration at $22.60 a megawatt-
hour. A megawatt is enough to power about 750 California homes.

     Clark Public Utilities said the $325 per megawatt-hour it
paid was in line with market prices. The county argues, though,
that Kaiser took advantage of the region's dysfunctional power
market. A judge in Washington, D.C., is set to tell Clark and
other Northwest power buyers on Monday whether Kaiser Aluminum and
dozens of other power sellers may owe refunds.

     ``Any kind of claim for a refund simply has no merit,''
Kaiser Aluminum spokesman Scott Lamb said.

     Power buyers, including the Washington cities of Seattle and
Tacoma, say their bills were inflated by an electricity shortage
in nearby California, where prices rose fourfold. They are seeking
a total of about $2 billion in refunds.

                         Willing Buyer

     The county was a willing buyer, participating in a
competitive market, Lamb said. At the time of the sale, one
commissioner said she was ``pleased to have negotiated such a
reasonable price,'' he said.

     Clark Public Utilities, which supplies power to 153,000
customers in suburban Portland, Oregon, doesn't deny it willingly
paid $325 per megawatt-hour. Of the $64 million the company paid,
$4 million went to the Bonneville Power Administration.

     Clark said it signed a contract to buy power on Feb. 2 for
delivery Aug. 1 through Sept. 30. ``At that time the market was
predicting prices of $1,200 per megawatt-hour by August,'' said
Mick Shutt, a Clark spokesman. ``It was perceived to be a good
deal.''

     The region's wholesale power prices have dropped
dramatically, though, since the U.S. Federal Energy Regulatory
Commission set price limits for California on April 25. The
average price for a megawatt-hour at the California-Oregon border
in August was $44.48, down from $313.70 in April.

     FERC expanded its price-control plan to include 10 other
western states in June.

     Clark has raised rates about 20 percent to pay for a loan it
took out to pay for power purchased from Kaiser and other
suppliers late last year and early this year, as well as to offset
increases in the amount charged by Bonneville, Shutt said.

     ``The people who were marketing power were manipulating the
market, primarily through California,'' Shutt said. ``Kaiser took
advantage of the situation of what was happening in the West.''

                         Refunds

     Enron Corp., Sempra Energy, El Paso Corp. and about 40 other
power sellers have asked FERC Judge Carmen Cintron to throw out
refund claims made by Clark and other power buyers. They argue
they charged more for electricity because of a surge in natural
gas prices and a drought that reduced production from the
Northwest's hydroelectric plants.

     FERC ordered Cintron to gather evidence about these
allegations during a Sept. 4-6 hearing and issue a recommendation
on Monday whether refunds should be considered. The commission
will ultimately decide if, or how much, is due in refunds.

     ``This is a case where five Pacific Northwest purchasers
whose transactions didn't fare very well want out of their
deals,'' said Jeffrey Watkiss, a Washington attorney representing
the sellers group, which includes Kaiser.

     If FERC grants the refunds, it will have to consider the
other 200 purchasers who bought electricity in hundreds of
thousands of transactions between Dec. 25 and June 20, Watkiss
said. Of the $2 billion in requested refunds, California is asking
for $1.5 billion.

     In a separate proceeding, a FERC judge is hearing a request
by California to recover $8.9 billion on power purchases it made
in its own markets. The judge in that case is scheduled to issue a
recommendation to FERC by Dec. 13.

     Kaiser had planned to restart some production at its
Washington plants in October. The company's executives announced
last week that they won't restart the Mead plant and another
facility in Tacoma because of falling aluminum prices.

Enron Accused of Infringing Electronic Trading Patent (Update2)
2001-09-21 16:39 (New York)

Enron Accused of Infringing Electronic Trading Patent (Update2)

     (Adds company comment in seventh paragraph.)

     Marshall, Texas, Sept. 21 (Bloomberg) -- Enron Corp., the
largest energy trader, and its online unit are accused in a
lawsuit of infringing a Texas company's patent for an electronic
trading system.

     Bid/Ask LLC of Baird, Texas, formerly called Auction Source
LLC, said it is the sole rights owner of a patent issued in May
2000 for a ``Real-time Network Exchange with Seller Specified
Exchange Parameters and Interactive Seller Participation.''

     Houston-based Enron and its EnronOnline unit are improperly
using that patented technology through its Internet-based
electronic trading facility, according to the lawsuit filed Sept.
17 in federal court in Marshall, Texas. Enron trades commodities
such as natural gas and electricity on that trading network.

     Bid/Ask seeks a court order blocking Enron from infringing
the patent, and is asking for damages.

     EnronOnline began trading electricity and natural gas in
November 1999. Between then and the second quarter of 2001, it's
handled more than 1 million transactions valued at more than $685
billion, the company has said.

     Enron, which also trades space on fiber-optic networks, coal,
paper and other commodities, had net income of $979 million on
revenue of $100.8 billion in 2000.

     ``We have not reviewed the suit, so we can't comment on it,''
said Enron spokesman Vance Meyer.

     Shares of Enron fell 9 cents to $28.30 today.


Please be advised that a conference call in the above-referenced matter has
been scheduled for today at 5:00 p.m. (cst).  The dial in number is
1-800-998-2462.  Passcode 4815579.


Here's a draft of a research memo on options.  While I am hopeful that we can
overcome FERC's policy on reservation of capacity, our arguments obviously
need to be developed a little more before we can do that.  I know the
business folks are anxious to hear our strategy.  I would appreciate your
comments on the attached.


Louise:

We are making progress, but it is slow.  Below are listed the contracts or terms on which we need sign off from UBS Warburg.  I telephoned Brian Murtagh today and asked him to come down this week to Houston to help finalize all the forms by the end of the week.  He is coming on Thursday.  We also talked about getting sign off from tax and credit at the same time, so as not to delay things.  He is hopeful that no sign off will be required from Switzerland (re the bank netting issue) at least on an interim basis.

In regard to the counterparties we are going to focus on first -- I need a further prioritization of the list with approximately 160 counterparties that I believe you had prepared.  I think I need the top 50, the second 50 and so on.

I will be out on Wednesday, Thursday and Friday for my operations.

Regards,

Mark Haedicke

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Monday, January 28, 2002 2:52 PM
To:	Haedicke, Mark E.
Subject:	UBS Sign-off

Jim Petrie has now signed off on the forms of Password Application, Electronic Trading Agreement and Legal & Privacy Statement for the online system.

We will need sign-off from Connecticut/NY on:

Adoption Agreement
ISDA Schedule (underway after last week's meeting)
ISDA Collateral Support Agreement Paragraph 13 (we received their version today)
Financial GTC (Bryan has our old version but I will begin revising this afternoon to submit for approval)
Enfolio Master Firm Purchase & Sale Agreement (physical gas)
Physical Gas GTC
EEI Master Power Purchase & Sale Agreement and Collateral Annex
Physical Power GTC (which may be a version of the EEI)

Transmission and Transportation Agreements (non-negotiable)
Reliability and ISO membership agreements
FERC Power Marketing Certificate Application

Data migration issues

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)


FYi
---------------------- Forwarded by Susan Scott/ET&S/Enron on 03/22/2000
04:44 PM ---------------------------

Colleen Raker
03/22/2000 04:44 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Calpine O&M Section 5.4

The attached electronic version of Section 5.4 integrates the changes noted
by underline on the hard copy I left in your office the other day.  I took
this opportunity to also divide Section 5.4 into 2 subparagraphs for
clarity's sake.  I also inserted a new  sentence at the end of subparagraph A
which was suggested by Enron Risk Management at a meeting I had with them
yesterday.  I will be adding this insert in the standard Limitation of
Liabilitysection in the GPG O&M forms of agreement.  Please replace the
currect section 5.4 in the Calpine O&M with the attached.


Enron Billing - Karen Koenig - 212-424-8097


Attached are the Comments of Enron Energy Services on the Proposed and
Alternate Decisions issued in A. 00-11-038, et al on May 9, 2001.  These
comments are being served on all parties electronically today, May 10, 2001,
and will be filed formally with the Commission's docket office tomorrow, May
11, 2001.

 <<X24341.DOC>>

Jeanne Bennett

Counsel for
Enron Energy Services, Inc.

 - X24341.DOC


Steve:

Here is the most recent draft of the swap agreement.  The marked copy (the
second attachment) shows the changes with the exception of the payee tax rep
which has been deleted in the clean version.

Mark


Dave Forster is now co-ordinating the off-site for the beginning of March.

Actions:

Phase 1.1   Jay / Awais
Charting   Kevin / Dave's group
EBS Interface   Dave S
New Look & Feel Paul Goddard
Customer Feedback  Amita / Sheri - to co-ordinate with Awais for Phase 1.1
Analytics  Dave F
Trading patterns Bob
Value of Personal data Bob
Phase 2 web-site Jay / Dave F
Multiple Backbones  Mike
Loyalty    Bob/ Paul
Statistics   Jerod
Timescale  Jay
Marketing roll-out Rahil
Auctions  Dave F / Jay

Please get all presentations to Dave F by the 27th Feb.

Louise


looks like I am going to be able to buy the bmw from brad.  he bought an
s-type jaguar at the auction this weekend.

the bmw is a 1999 323ic

Kerry E. Carter
Analyst
Simmons & Company International
(713) 236-9999


Here's my stab at organizing the tremendous amount of material everyone has
gathered these past few days.

The biggest points are in the biggest bold type.
The subsidiary points are in smaller bold type.
The substantial is in regular type.

Please send me your feedback.

Jeannie


Start Date: 4/11/01; HourAhead hour: 16;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041116.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 16 / Preferred:   2.27 / Final:   2.26)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI


I met with Jeff Sprecher of the Intercontinental Exchange for almost an hour and a half and thought it would be a good idea to bring you up to speed on where they are heading.

1). We now have the complete API to them, but it is hooked up to their test environment. They will be sending us a contract to sign before they connect it to their production site. He assured me it will be the same contract that all the founders have to sign to get access to it. Esentially, if we trade or provide prices the API will be free; if we are voyeurs then we will have to pay for it.

2). He stated that charging commssion is not a denfensible business model. They will try to make their money through mid and back office services.

3). Their purchase of the IPE is directly related to implementing 2). his vision is to use the IPE infrastrucutre to make all derivative trades cleared and then use the FCM's to fulfill the back office movemment of funds tasks. In a nutshell he beleives the FCM's are all interconnected and used to moving money around for settlements and margins through the clearinghouse, so why not expand their role.

4). When I expressed some skepticism about 3). he asked if we would like to participate in a forum with other ICE members to discuss shared mid and back ofice services. I told him we would.

If anyone has any questions about this let me know.

AZ


Kay,  Please see attached.


The opportunity here has been enhanced;   in addition to Managing RT,   I would be managing all of the Service Assets in Texas.   This includes trading around a 500 mw plant,   serving EES and New Power Company loads,  and also the potential for managing a new 1500 mw full requirements deal.
Of course,  I would have to have all of this in writing.      I would be working with the Texas Term trader to enhance my trading skills in order to effectively manage this position.
This makes the offer more attractive,  but still I would be in Houston.      I am still apprehensive of the bait & switch exposure.
What do you think?
JMF
 -----Original Message-----
From: 	Stokley, Chris
Sent:	Wednesday, June 06, 2001 2:53 PM
To:	Forney, John M.
Subject:	UPDATE

Anything new going on w/ your current hunt for opportunities.

			Chris


---------------------- Forwarded by Janine Migden/DUB/EES on 04/17/2000 08:49
PM ---------------------------

Christine Patronik-Holder <patronikc@juno.com> on 04/17/2000 06:30:41 PM

To:	ajohnson@dispatch.com, awelsh@ap.org, bobmaty@henderson.net,
davidhughes@igc.apc.org, dtrevas@juno.com, DWillard@qn.net, ect@ohio.net,
editormj@prodigy.net, gongwer@iwaynet.net, ImpactWeekly@commkey.net,
james.covert@dowjones.com, jason.gifford@greenmountain.com,
jcimperm@plaind.com, jclark@plaind.com, jjdrew@attglobal.net,
jkuehner@plaind.com, jmccarthy@ap.org, Janine Migden/DUB/EES@EES,
john.jarvis@thomnews.com, kaths@statenet.com, kschaefer@wcpn.org,
marty.gelfand@mail.house.gov, mdouglas@thebeaconjournal.com,
medwards@dispatch.com, mike_wagner@coxohio.com,
sbeachy@maild.sen.state.oh.us, SBROUSSA@plaind.com, sdenman@erols.com,
stheis@plaind.com, thomson@netwalk.com, toddfranko@sanduskyregister.com,
webeditor@tribune-chronicle.com, william_hershey@coxohio.com,
wspratley@aol.com
cc:

Subject:	FIRSTENERGY "DEAL" OUTRAGEOUS

FOR IMMEDIATE RELEASE
Tuesday, April 18, 2000

FIRSTENERGY "DEAL" OUTRAGES SAFE ENERGY

COLUMBUS-----Safe Energy Communication Council-OHIO issued the following
statement in response to the electricity deregulation settlement
agreement filed by FirstEnergy Corporation at the close of business,
April 17, 2000.

? FirstEnergy Corporation's behind-closed-door deal has resulted in the
most anti-competitive, anti-consumer, anti-environment interpretation
imaginable of SB 3, Ohio's electricity deregulation law, slated to take
effect Jan. 1, 2001.

? FirstEnergy's acknowledgement that the proposed settlement insures they
will receive the entire $8.9 billion ($6.9 billion pre-tax) in so-called
"stranded costs" constitutes ratepayer robbery unprecedented in Ohio
history.

? The willingness of the Public Utilities Commission of Ohio, the Ohio
Consumers Counsel and others to agree to this covert contract without
public scrutiny of FirstEnergy's numbers is a slap in the face to fair
process.

Safe Energy will continue to pursue public investigation of FirstEnergy's
transition plan and push for the elimination of stranded costs in an
effort to promote real competition in Ohio's electricity market.

###

Christine Patronik-Holder
Safe Energy Communication Council
660 Crackel Road
Aurora, Ohio 44202
440-708-1755 voice, 440-708-1754 fax


Today, December 7th, the Executive Committee of the BOD met and approved the
following temporary limit increases:

    12/7 - 12/15  12/6
Aggregate VaR Limit  $140 MM  $100 MM

NA Gas    $110 MM  $75 MM  ($60 permanent limit, + $15 Discretionary VaR on
12/6 + $35 Temporary VaR)

UK Power   $20.3 MM  $15.3 MM

Please revise the DPR accordingly.

For your information, the proposed limit changes and P/L notification level
changes we are submitting to the BOD are in the attached memo - these will be
effective the day of the BOD meeting, Tuesday 12/12, except that given market
activity, the NA Gas, UK Power, and Agg Enron VaR limits may be revised.
Given the changes that will be necessary next week to the DPR, that might be
a good time to re-format the reporting along the new business unit lines.
You can see how we did so in the policy attached.

Thank you,
Cassandra.


This message is only relevant for those going to UBS.
...

It appears that the following email may not have been clear.  You have to copy all documents yourself.

This is my cheat sheet if it helps:

H Drives:
1.  Each person will have to move any data over personally from the old H drive (which is now Z:) drive to their new H drive.
2. The Z: drive (old H:) will be removed from UBS employees on Thursday night.

O Drives:
1. For the old O or M drives go to O:\ESTATE\ O (or M ? pending location of data) and copy to the new common O.  The Estate O and M will be removed from UBS employees on Thursday night.

Do not delete anything and only copy information which is complies with the policy.  Please make sure that those people who are not in the office are contacted and comply.

Louise

To:		All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)

Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS.  To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.

Please review the protocol carefully.  Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.

Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .

Protocol Document and Data Copy Instructions

Certification Document


A simple spread sheet to get to the power price needed based on the value of
the gas stream.


I am working with the EOL system development group on improving the reporting
capabilities of EOL so that Internal EOL traders can personalised and save
report formats.  Currently the system only saves the last report format.  If
you have any ideas, thoughts or requests please let me know.
I have attached a file with examples of reports that can be generated.  The
goal would be to give you the ability to view the information when you need
it and in the required format.


Steve, please look at the link below.  Jeff wants to know if we should get in
touch with this group to explain our side.  Thanks, SRS

http://boards.fool.com/Message.asp?mid=14354856


I definitely have time.  Give me a call when you want to go.

Gabriel Monroy
12/07/2000 12:50 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re:

I am planning on going downstairs to grab a sandwich?   Do you have time? If
you are doing something don't worry (honestly).  I did finish, but it was
funny the way I finished it.
Thanks for asking. You are so nice!


Dear Mark Whitt,

Thank you for your recent order via our website. Fortunately, we were able
to change your shipping method before the package shipped. It will now be
shipped via expedited ground, and should arrive in 5-7 business days. This
will change the total cost of your order to $79.40.

Unless you choose another method, all web orders are shipped SURFACE (via
Parcel Post). This is your most cost effective shipping option (unless time
is a factor), because it's based on the very low "bulk" rates Sierra Trading
Post is able to negotiate due to its huge shipping volume.

If you would like to specify another method of shipment, please remember to
do so in the "Shipping" choices section during check-out, or place a note in
the "Comments" section.

Thanks for shopping with us. We appreciate your business.

Sincerely,

Vici
Customer Service
Sierra Trading Post
trk


Hello!  Please send me your fax number.  I have a list of "Final and Proposed
Regulations" which needs to be updated.  I would like to fax you the list.
Thanks.  Sara


I spoke with Wally Schlink of Rochester today in follow up to our c-call.  He
thought the call went well; however, he still fees the main point is the
price for the PPA.

RPU will be meeting with their Financial Advisor on Monday and they plan to
then meet internally and figure what they would want from Enron to do the
deal.  I believe the will give us their number next week and we will know
where to head from there.

In the interim we need to be working on the following:

1.  Response to the RFP in their format
2.  Prepare a bid bond and get an understanding as to what it may bind us to
do.

I would like for Russ to take lead on these matters.

Note that we cannot go forward with Rochester unless we are technically in
the process.

Oscar


Here are the approvals for 10/30/00


Please do not reply to this e-mail.

You are receiving this message because an invoice requiring coding, issue resolution, or approval has been submitted to your iBuyit Payables in-box.  This requires your action through iBuyit Payables.

To launch iBuyit Payables, click on the link below:
http://iBuyitPayables.enron.com

Note:  Log into iBuyitPayables using the same Employee PID (P-Number) and Password you use to enter the eHRonline system and/or SAP.

First time iBuyit Payables user?  For training materials, click on the link below:
http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265

Need help?
Please contact the ISC Call Center at (713) 345-4727.


Looks like a great buy!  Please contact Petual directly - if you are outside
of Enron, her email is petual.jeanmard@enron.com.  Thanks.
---------------------- Forwarded by Amelia Alder/OTS/Enron on 06/26/2000
01:18 PM ---------------------------

	Enron North America Corp.

	From:  Petual Jeanmard                           06/22/2000 04:44 PM

To: Amelia Alder/OTS/Enron@ENRON
cc:

Subject: Bike for sale

Amelia-
I am selling the bike I rode in the MS150.  I bought to ride in the MS, so it
has very little miles on it.  It is a Trek 420 with all the ammenities needed
on a bike.  I have a speedometer, air pump, gel seat, and a water bottle
holder.  I'm asking for $500 obo.    Can you please forward this message to
the club members?

Thanks,
Petual


Environment & Energy Daily -- Tuesday, February 5, 2002

Go to today's full edition on line and get the latest news from the Hill!
http://www.eedaily.com

NEED PASSCODES? Email request to pubs@eenews.net or call 202-628-6500.

LEADING TODAY'S ISSUE:
DOE REQUEST PUMPS UP NNSA, TRIMS CLEANUP, FOSSIL FUEL ACCOUNTS
The Energy Department's $21.9 billion FY '03 budget request sticks closely
to the homeland security theme espoused by President Bush during his State
of the Union. Cuts were reserved for non-defense environmental cleanup and
fossil fuel energy research and development, with a targeted 6 percent
increase set aside for the National Nuclear Security Administration.

Get all the details in today's full edition online at:
http://www.eedaily.com

TOP HEADLINES IN TODAY'S EDITION INCLUDE:
* APPROPRIATIONS/ENERGY AND WATER: DOE request pumps up NNSA, trims
cleanup, fossil fuel accounts
* APPROPRIATIONS/EPA: Bush proposes $300 million in EPA cuts
* APPROPRIATIONS/ARMY CORPS: For second year, Bush slices corps spending
* APPROPRIATIONS/INTERIOR: Interior budget drops slightly; USGS, Forest
Service take hits
* APPROPRIATIONS/TRANSPORTATION: DOT budget sets up clash over highway
spending
* APPROPRIATIONS/ NOAA: Cuts proposed in NMFS, NOS, some Pacific salmon funds
* APPROPRIATIONS/AGRICULTURE: Agriculture budget assumes $73.5 billion Farm
Bill
* ENERGY POLICY: Hollings to hold subpoena vote to force former Enron CEO's
testimony
* ... AND MUCH MORE!

======================
The E&E Daily is written and produced by the staff of E&E Publishing,
LLC, 122 C St., Ste. 722, NW, Wash., D.C. 20001.
Phone: 202/628-6500. Fax: 202/737-5299.
Email: Pubs@eenews.net. Website: http://www.eenews.net/

The Daily is published every day Congress is in session
to provide timely, objective and comprehensive coverage
of Congressional action on environmental, energy and natural
resource issues.  Environment & Energy Daily is published in
printed and electronic format on Monday and website format
the rest of the week.

All content is copyrighted and may not be reproduced or retransmitted
without the express consent of E&E Publishing, LLC.

Editor in chief: Kevin Braun.
Editor: Larisa Epatko
General Asst. Editor: Colleen Luccioli
Reporting staff: Tim Breen, Natalie M. Henry, Eryn Gable, J.L. Laws,
Colin Sullivan, Suzanne Struglinski, David Leavitt, Molly Villamana
Dan Berman, Damon Franz, April Reese, Darren Samuelsohn, Brian Stempeck
Publisher: Michael Witt.
Marketing Director: Drew Gagliano
Account Executives: David Horna, Kristen Barlow
Marketing Associate: Louis R. Reeder
Technical Director: Michael Abate


Please see the following confirms and agreements for app trades.  Please let
me know if you have any questions.

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


I apologize.  The deal confirmation group down here instructed me to book
these deals this way.  I am in the process of rebooking these deals as we
speak.  They will be fixed within the hour.
PL


"It's a Girl" performed by Weave Dance Company
Weave Dance Co. will perform May 24-26 at 8:00 p.m. at Stages Repertory Theater, 3201 Allen Parkway at Waugh, Call 713-52STAGE for tickets.  This performance, called "It's a Girl!" celebrates pregnancy and motherhood.

Donations to the Houston Area Women's Center will be collected at the performance.  Any of the following items are welcome:  non-perishable, pre-packaged healthy food snacks such as granola bars and boxed juices, baby supplies such as formula, diapers, wet wipes, baby lotion, baby shampoo, pacifiers, socks, plastic bottles, diaper bags, crib sheets for portable cribs and swim suits and flip flops for children age 4 and older.

Star Wars: Films (May 4-25)
See all four completed films of the legendary Star Wars saga on the big screen! The MFAH presents special editions of Episodes IV-VI and Episode I in the newly renovated Brown Auditorium with Dolby Digital dts sound and stadium seating.

Star Wars: Episode IV-A New Hope
Directed by George Lucas
(USA, 1977, 125 min.)
Friday, May 4, 7:30 p.m.
Saturday, May 5, 11:00 a.m.

Star Wars: Episode V-The Empire Strikes Back
Directed by Irvin Kershner
(USA, 1980, 120 min.)
Friday, May 11, 7:30 p.m.
Saturday, May 12, 11:00 a.m.

Star Wars: Episode VI-Return of the Jedi
Directed by Richard Marquand
(USA, 1983, 132 min.)
Friday, May 18, 7:30 p.m.
Saturday, May 19, 11:00 a.m.

Star Wars: Episode I-The Phantom Menace
Directed by George Lucas
(USA, 1999, 133 min.)
Friday, May 25, 7:30 p.m.
Saturday, May 26, 11:00 a.m.

Tickets go on sale at the Brown Auditorium ticket booth 30 minutes before
show time. The ticket booth is located on the lower level of the Caroline
Wiess Law building.

General admission is $5. Matinee admission (show times before 5:00 p.m.) is $4. Enron employees with ID receive a $1 discount. Discount passes (10 admissions) are $40 for nonmembers and $35 for members. Children 5 and under are free. Films are screened in Brown Auditorium in the museum's Caroline Wiess Law building, 1001 Bissonnet.  Free parking is available.  For more information, please call 713-639-7515 or visit our website at www.mfah.org.

Mark Your Calendars!...Bring Your Child To Work Day will be Friday, June 29th.  More details to come...See Volunteer section below to for volunteer opportunities!

Join us in Dublin or Honolulu ----Joints in Motion is a marathon training program for walkers and runners that is aligned with a fundraising effort for the Arthritis Foundation - Please call for more information at
713-529-0800.

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

Support KidSave and Help Miracles Happen. Every Summer.

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

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

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

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

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

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

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

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

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

It's that easy!

For more information please contact:

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

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


Steve Swift and Jeff Darst, although Jeff is off the call now.

From: Ben Jacoby/ENRON@enronXgate on 05/23/2001 02:08 PM
To: Kay Mann/Corp/Enron@Enron, Fred Mitro/ENRON@enronXgate
cc:

Subject: RE: Blue Dog

OK. We can push back on the TECO term sheet call. Let Fred and me know what
works.

Who at GE are you talking to?

-----Original Message-----
From: Mann, Kay
Sent: Wed 5/23/2001 2:03 PM
To: Jacoby, Ben
Cc:
Subject: Blue Dog

I'm on the phone with GE.  Their initial response to the assignment stuff is
positive.  They want a letter which sets out the ownership of the LLC and
what we are doing on payment.

I've been working on TECO term sheet, but I'm not sure I'll be done by 300,
depending on this call.

Kay


After the Day ahead market ran, the ISO Share (PNOB) branch group TTC in the
(N-S) direction was changed from 1716 MW to 1697 MW for HE's 0100 through
1200 for operating day 8/1/01.  The reason for the change is for work on the
Valve Group 6 at Sylmar.  The first applicable Hour Ahead market to run with
these values is HE 0600.  The ISO will update you of any changes in line
rating status.  Sent by Market Operations, inquiries please call the Hour
Ahead Desk.

The system conditions described in this communication are dynamic and
subject to change.  While the ISO has attempted to reflect the most current,
accurate information available in preparing this notice, system conditions
may change suddenly with little or no notice.


------------------------ Yahoo! Groups Sponsor ---------------------~-->
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---------------------------------------------------------------------~->

We would like to remind you of this upcoming event.

West of Stanford Heavy Trash Day

Date: Tuesday, March 12, 2002
Time: All Day

The Second Tuesday of each month is Heavy Trash Day in *West*
East Montrose. That is, homes West of Stanford Street will have
heavy trash collected the second Tuesday of each month.  Time to
lug your heavy trash out to the curb.

To unsubscribe from this group, send an email to:
emca-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


please remind me

Ina Rangel
12/18/2000 10:25 AM
To: Matthew Lenhart/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Jay
Reitmeyer/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron, Barry Tycholiz/NA/Enron@ENRON, Randall L
Gay/HOU/ECT@ECT, Patti Sullivan/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT,
Monique Sanchez/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Mike
Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Mike Maggi/Corp/Enron@Enron, Larry May/Corp/Enron@Enron, Dutch
Quigley/HOU/ECT@ECT
cc:
Subject: FLU Vaccinations

The nurse from the health center will be here on Tuesday, December 19, 2000
to give flu vaccinations to anyone interested.

   EB3269
   3:00 PM - 4:00 PM
   Tuesday, 12/19/2000
   Cost: - free for Enron employees and $10 for contract employess.


Rosie -- please check Ken's calendar.  This would be a great one to do if we
can squeeze it in.

Nick -- congrats on what looks like a great new opportunity to make
progress.  I am in all week and would love to talk to you and Joe.  If we
can't otherwise make schedules work, call me at home after hours Houston time
(713-621-6550).

Nicholas O'Day
08/27/2000 10:49 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Ken Lay meeting with Japanese Prime Minister

---------------------- Forwarded by Nicholas O'Day/AP/Enron on 08/28/2000
12:48 PM ---------------------------

Nicholas O'Day
08/28/2000 12:28 PM
To: Steven J Kean/HOU/EES@EES
cc: Joseph P Hirl/AP/ENRON

Subject: Ken Lay meeting with Japanese Prime Minister

Steve,

Over the last month the Japanese regulators and Government have come to the
realization that the electricity deregulation initiatives implemented in
March of this year have not stimulated competition in the manner in which
they had expected. MITI and the Government are currently examining why the
initiatives implemented in March are falling short of expectations and
looking to move the 2003 review forward to next year. There are currently two
multi party committees looking at the energy sector. The ruling Liberal
Democratic Party also has one committee looking at energy. In addition, MITI
is in the process of forming a new advisory group comprising academics to
consider the next stage of deregulation.

As you are aware, we have been working the regulatory aspects through MITI
and the US Government for some time now with a degree of success - in fact,
the majority of our 12 month goals have been achieved. Recently, with the
addition of Kimura, we have increased our level of contact with senior
political figures in Japan.

Both MITI and the USG continue to seek Enron's views on issues relating to
the current deregulation process and the way Enron wants to see electricity
deregulation. We have recently addressed the parliamentary Deregulation
Committee which reports to the Prime Minister and regularly provide
educational presentations to MITI on issues relevant to deregulation.
Further, senior political figures are now recognizing that Enron can assist
in the deregulation process in a positive way.

What we appear to have in Japan in the electricity sector is a reasonably
clean slate and the opportunity to have a major say in how things should be
structured in the future.

Ken Lay's links with the Republican Presidential campaign has received media
attention in Japan and it is believed in Government circles here that he will
receive a cabinet position if Gov. Bush is elected. As a result, Mr Lay
currently carries a great deal of weight in senior Government circles in
Japan. In the period prior to the Presidential election, we have an ideal
opportunity to get our message across at the highest levels of the Japanese
Government through Mr Lay.

A meeting between Mr Lay and Prime Minister and other senior Government
members would significantly increase Enron's profile in Japan and assist in
conveying our vision for the next phase of deregulation.

If Mr Lay were to visit Japan, possibly in late October or early November, we
would also look at coordinating the Tokyo office opening with the visit and
arrange a number of high level commercial meetings. Prime Minister Mori and
the US Ambassador have already expressed an interest in attending the office
opening.

Both Joe Hirl and I would like to speak with you further about the above.
When would be a convenient time?

kind regards


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2000
05:16 PM ---------------------------

Vince J Kaminski
03/30/2000 05:15 PM
To: george_wayne@fpl.com
cc:
Subject: Test

Test

Vince


The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/23/2001>, published as of 10/23/2001 is now available for viewing on the website.


Attached is a draft price reporting policy to address the Platt's issue we
discussed.  As I indicated, a number of energy companies have asked for such
a policy.  We thought that from an industry prospective unifying around a
single policy made sense.  This policy is an attempt to address the concerns
we have discussed.  I would appreciate your comments with a view toward
creating what might be an industry standard in this area.

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Price Reporting For Enron.doc


Here you go.  Call with questions.


Susan,

Re: Reliant:

I am sure the letter Cynde  uses is fine however,  I would like to see it
before you send it to Reliant.

Re:  Oneok:

Did they give 30 day notice?
I would like to know what  Oneok's  relationship is to  Elwood and KN ?

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


In preparation for our conference call on Monday, attached are two memos
prepared by Sam Behrends regarding possible timing of the merger.  We asked
Sam to prepare these memos to help Paul in his negotiations with TANC and
SMUD.

We'll talk to everyone on Monday.  If you need to reach me this weekend, my
number is (301) 320-5721.

Sarah


Please respond to Dear Vince,

I was wondering if you were able to open the attachment with my resume this
time. Rumor has it that you are currently hiring people for your group. Is
this true?

Sincerely,
Helen

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 3:22 PM
To: isranir@rice.edu; demianen@rice.edu; tbal93@yahoo.com;
maue@rice.edu; loughrid@rice.edu; jblantonjr@yahoo.com;
gjohnson@rice.edu; emchombo@rice.edu; nazareth@rice.edu;
vanstone@rice.edu; ganguzza@rice.edu; nelsonb@rice.edu;
sssmith@rice.edu; wheelock@rice.edu; westmore@rice.edu;
gaudette@rice.edu; otaylor@rice.edu; dikeman@rice.edu; jettke@rice.edu;
litton@rice.edu; chilkina@rice.edu; helms@rice.edu; wankhade@rice.edu;
monfan@rice.edu; kostya@rice.edu; pcp@rice.edu; yueguo@rice.edu;
nlwbio@rice.edu; zhangn@rice.edu; rishad@rice.edu; yoshiura@rice.edu;
howard@rice.edu; dayangd@rice.edu; wuwei@rice.edu; so@rice.edu;
wooddy@rice.edu; lamas@rice.edu; tbalestrery@houston.rr.com;
hingoran@rice.edu; planck@rice.edu
Cc: vkaminski@aol.com; Vince.J.Kaminski@enron.com;
Jason.Sokolov@enron.com
Subject: Term Project:

This is the list of projects for the members of the "quant" team.
If you are working on different project, please, ignore this message.

Please, develop in a spreadsheet solutions/examples for the following:

1. Black-Scholes formula
2. Black's formula
3. Develop a spreadsheet to simulate price trajectory using:
     a. GBM
     b. GBM + jump (Formula 2.16 in the book, Figure 2.7)
     c. Mean reversion + jump (Formula 2.17, Figure 2.8)
4. Schwartz Single Factor Model (Formula 6.12)
5. Develop models corresponding to the Figures 7.1, 7.3, 7.5, 7.6, 7.8

Vince


Mark, noted - early in the process.

regards
delainey


Please find attached our comments to the Turbine  Contract and LLC
Agreement.? Our comments to the letter agreement will be  coming this
afternoon (2-3 pm EST).? Please feel free to contact me to  discuss.
?
Rick Vicens
Delta Power Company, LLC
89  Headquarters Plaza
North Tower, 14th Floor
Morristown, NJ?  07960
(973) 993-1854 phone
(973) 326-1821 fax
rvicens@deltapower.com
www.deltapower.com
 - Delta Enron LLC (Delta Redline -1).doc
 - LM6000 Contract (Delta Redline -1).doc


---------------------- Forwarded by Robert Hemstock/CAL/ECT on 11/15/2000
03:22 PM ---------------------------

	From:  Robert Hemstock                           11/09/2000 01:04 PM

To: rmichaels@fullerton.edu
cc:
Subject: Keynote Speaker: IPPSA 7th Annual Conference

Professor Michaels,

Further to the voicemail message I left for you today regarding speaking
early next year at the IPPSA Conference in Banff, Alberta the details are:

Topic: The California Experience - Lessons that Alberta Can Learn From (or
something like this title - although I was unable to open the presentation on
your website entitled" "California's Electrical Disaster and the Furture of
Competitive Power" I would expect based on this title that much of what is in
that presentation would be of interest to those attending the IPPSA
Conference.

Date: Monday March 19, 2001 13:00 - 13:30 (Conference is 2 full days - March
19-20, 2001)

Reimbursements: Travel (economy class) and one night at Rimrock Hotel.  Also
free conference registration (which includes meals during conference).

Deadline for presentation materials so they can be included in the conference
binder: February 28, 2001

Conference Information: the conference is held at the Rimrock Hotel in Banff,
Alberta and has been sold out the last three years.  It will attract about
400 delegates in 2001 from across Canada and the U.S. with the majority of
the delegates being generation developers, large consumers, marketers, and
policy makers from Western Canada. The speakers include a number of respected
academics/consultants from across North America, senior industry
representatives, senior government representatives, and senior
representatives from the Alberta Transmission Administrator and Power Pool of
Alberta.

I look forward to your reply.  My telephone number is (403) 974-6746.

Regards,

Rob Hemstock


funny

 -----Original Message-----
From: 	Max Malolo <buci_2000@yahoo.com>@ENRON [mailto:IMCEANOTES-Max+20Malolo+20+3Cbuci+5F2000+40yahoo+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 27, 2001 11:52 PM
To:	Pimenov, Vladi
Cc:	Ahad, Farhad
Subject:	Fwd: FW: If the Taliban win.......

Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Listen to your Yahoo! Mail messages from any phone.
http://phone.yahoo.com
X-Apparently-To: buci_2000@yahoo.com via web10002; 27 Sep 2001 20:18:45 -0700 (PDT)
X-Track: 1: 40
Received: from web20003.mail.yahoo.com (216.136.225.48)  by mta309.mail.yahoo.com with SMTP; 27 Sep 2001 20:18:44 -0700 (PDT)
Received: from [203.108.0.59] by web20003.mail.yahoo.com via HTTP; Thu, 27 Sep 2001 20:18:43 PDT
Date: Thu, 27 Sep 2001 20:18:43 -0700 (PDT)
From: Nick Rudzki <nrudzki@yahoo.com>
Subject: Fwd: FW: If the Taliban win.......
To: Krys Rudzki <k_rudzki@lineone.net>
Cc: nrudzki@ozemail.com.au, Heidi Hack <hack@enternet.com.au>,  Danielle Mackowski <daniellemackowski@hotmail.com>,  Massimo Marolo <buci_2000@yahoo.com>,  Emma McInerney <emma_mcinerney@hotmail.com>,  Steve Rudzki <sjrudzki@hotmail.com>, Brad Coward <brads@esc.net.au>,  Luke Franklin <lhfranklin@yahoo.com.au>
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="0-890090588-1001647123=:40829"
Content-Length: 142895

Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Listen to your Yahoo! Mail messages from any phone.
http://phone.yahoo.com
X-Apparently-To: nrudzki@yahoo.com via web20003.mail.yahoo.com; 26 Sep 2001 23:54:41 -0700 (PDT)
X-Track: -20:3:64
Received: from 203.202.2.233  (EHLO melbourne.quoin.com.au) (203.202.2.233)  by mta464.mail.yahoo.com with SMTP; 26 Sep 2001 23:49:17 -0700 (PDT)
From: Leia Veidelis <leia_veidelis@quoin.com.au>
To: "Chris Lane (E-mail)" <Christopher.Lane@ing.com.au>, 	"Christine Ahern (E-mail)" <ahernca@hotmail.com>, 	"David Newling (E-mail)" <david_newling@horwath.com.au>, 	"Karyn Frost (E-mail)" <Karyn_Frost@kaz.com.au>, 	"Louisa Veidelis (E-mail)" <lev_weasel@hotmail.com>, 	"Natalie Hambly (E-mail)" <Natalie_Hambly@idg.com.au>, 	"Nick Rudzki (E-mail)" <nrudzki@yahoo.com>, "Peter Morath (E-mail)"	 <servtronics@bigpond.com>
Subject: FW: If the Taliban win.......
Date: Thu, 27 Sep 2001 16:49:54 +1000
MIME-Version: 1.0
Content-Type: multipart/mixed;	boundary="----_=_NextPart_000_01C14720.9C404C20"
Content-Length: 141577

-----Original Message-----
From: Katie Nash
Sent: Thursday, September 27, 2001 2:57 PM
To: David Lawford; Jayson Gordon; Leia Veidelis; Lilybeth Pineda; Rose
Tennant; Stuart Murphy; Uina Satuala; Vanessa James
Subject: FW: If the Taliban win.......

The information contained in this email communication may be confidential.
You should only read, disclose, re-transmit, copy, distribute, act in
reliance on or commercialise the information if you are authorised to do so.
If you are not the intended recipient of this email communication, please
notify by email direct to the sender and then destroy any electronic or
paper copy of this message. Any views expressed in this email communication
are those of the individual sender, except where the sender specifically
states them to be the views of the company they represent. The company does
not represent, warrant or guarantee that the integrity of this communication
has been maintained nor that the communication is free of errors, virus or
interference.

 - Taliban1.jpg
 - Taliban2.jpg
 - Taliban3.jpg


Dear Board Members -
Please find attached, for your information, an invitation to a Collateral
Seminar scheduled to take place on Thursday, 21 June in Seoul.  The Korea
Banking Institute has kindly agreed to host and assist us in promoting the
event in Seoul.

To ensure that your appropriate colleagues and clients are able to benefit
from this effort we would like to encourage you to either forward us the
details of contacts that you feel we should usefully invite - or
alternatively, please feel free to forward notification of this invitation
to appropriate individuals directly.

In addition to ISDA's contacts in Korea, the invitation has been send to all
members registered on ISDA's Asia-Pacific Committees as well as all Primary
& Regional Contacts in the Asia-Pacific region.

Should you have any queries on the attached, please contact either Nellie
Lim or myself.

With best regards,
Angela Papesch

Angela Papesch
Head of Asia-Pacific Office
ISDA - International Swaps & Derivatives Association, Inc.
1 Robinson Road - #18-00 AIA Tower - Singapore 048542
Tel: +65 538 3879 - Fax: +65 538 6942
e-mail: apapesch@isda.org - http://www.isda.org

 - Invite & Agenda-1 Jun 01.tif


check this out and let everyone know what's up.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/20/2000 09:16 PM
---------------------------
From: Richard Ingersoll on 08/17/2000 01:11 PM CDT
To: Tim Belden/HOU/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT
cc:
Subject: RE: Path 26 OTC increase -- study report and conference call info

I haeeery reason to believe that this uprating of path 26 from  2800 to 3000
will get approved for the balance of the summer.
---------------------- Forwarded by Richard Ingersoll/HOU/ECT on 08/17/2000
01:09 PM ---------------------------

Eddy Lim <ELim@smud.org>@wscc.com on 08/16/2000 04:41:52 PM
Sent by: Maiser@wscc.com
To: "Operating Transfer Capability Policy Group" <otc@wscc.com>
cc:
Subject: RE: Path 26 OTC increase -- study report and conference call info

 <<OTC-Path 26-2000Summer Report update.doc>>

Dear CA OSS and WSCC OTCPG members,

 Attached is the Path 26 study report which supports moving the
thermally limited OTC from 2800 MW to 3000 MW.  The COI/PDCI and SCIT
nomogram remain unchanged. The CAISO has scheduled a conference call this
Friday to discuss this report and seek OSS and WSCC OTC PG review and
approval.  I know this is short notice for most of you.  In the interest are
reliability and full utilization of the system,  I thank you all in advance
for supporting the expedited review of this report.

If you have any questions or comments on the report please E-Mail  Chuck Wu
at Cywu@caiso.com <mailto:Cywu@caiso.com>  and CC me at Elim@smud.org
<mailto:Elim@smud.org> .

SEC at WSCC please post and distribute accordingly.

Talk to you this Friday!

Eddy Lim
SMUD
System Operations and Reliability
(916) 732-5362

 Conference Access
 ------------------------------------------
 US/Canada Dial-In Number:  (877) 381-5996
 Passcode (Owner ID):  784377
 ------------------------------------------
 Company Name:  California ISO
 Leader's Name:  Chuck Wu
 Conference Date:  8/18/2000
 Start Time:  10:00 am Pacific Time

 - OTC-Path 26-2000Summer Report update.doc


Steve--

I have spoken with the instructor of my Economics of Energy class
here at Rice and passed on your contact information to him.  He is
interested in having you speak before our class and will, I believe, be in
contact with you soon.  I am enclosing in this email the contact
information for him.
Thank you again for the use of your valuable time, both during the
interview process (of which I am very eagerly awaiting the results) and
now.  I am extremely excited about the prospect of working at Enron during
the coming summer.

INSTRUCTOR INFO:
Ken Medlock
713/348-5593
medlock@rice.edu

Sincerely,
Phil Mayor


The second phase of reconstruction on IH 45 between W. Dallas and Memorial
will begin Saturday, November 11, 2000, all northbound lanes will be closed
at 7 PM.  All northbound traffic will detour to US 59 North to IH-610 Loop.
Two northbound lanes will reopen Monday, November 13, 2000, at 5 AM.

  The Houston Avenue / Memorial Avenue exit and the entrance from Pease,
  St. Joseph's Parkway, and Walker  will be closed until further notice.
Anyone
  typically using these routes must find an alternate route.

The following routes are recommended by the Texas Department of Transportation

New Ramp Chartres at Runnels to IH 10 West

Louisiana North to IH 10 West on ramp

Allen Parkway to Studemont or Waugh to IH 10

West Gray to Montrose North (Studemont) to IH 10

Bagby (W. Dallas) to Montrose North (Studemont) to IH 10

San Jacinto to IH 10 East

North on main to IH 45

Travis to IH 45

The Downtown District is updating it's web site with detailed road closure
maps and suggested alternate routes.  This information is available at
http://www.downtownstreets.com. Please check this site regularly for updates
on street closures.


Start Date: 2/3/02; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020306.txt


What's the scoop on this?
----- Forwarded by Tana Jones/HOU/ECT on 10/25/2000 08:59 AM -----

	Jane McBride@ENRON
	10/24/2000 07:47 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: EOL Credit Responses 10/24/00

Dear Tana,

I was surprised to see that Idemitsu Kosan Co., Ltd. has not been approved
for (did not apply for approval for I guess) any Japanese products; in which
case I wonder why they are using the Japanese parent company and not a US or
other sub.  As per email yesterday, fine for them to do EOL trading generally
but could you just check that it is the Japanese entity which has been
approved and that they will not be doing any Japanese products.

Thanks.

Jane McBride