---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/17/2000
04:00 PM ---------------------------

	From:  Doug Leach                           08/17/2000 10:00 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Cairn Gas Purchase Bid

fyi
---------------------- Forwarded by Doug Leach/HOU/ECT on 08/17/2000 09:59 AM
---------------------------

Douglas S Parsons@ENRON_DEVELOPMENT
08/15/2000 09:30 AM
To: Doug Leach/HOU/ECT@ECT
cc: Marc De La Roche/HOU/ECT@ECT
Subject: Re: Cairn Gas Purchase Bid

I can appreciate and share your objective.  Earlier today I sent a separate
note to Vince forwarding your concerns and asking again for his assistance.
I'll start there and if needed I'll contact Michael Popkin's structuring
group.  However, before getting too many people involved I want to see what
feedback we get from Cairn after they've discussed the offers internally this
week.

Doug Leach@ECT
08/15/2000 08:37 AM
To: Douglas S Parsons/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Marc De La Roche/HOU/ECT@ECT
Subject: Re: Cairn Gas Purchase Bid

I gave you several clear alternatives such as contacting Vince's structuring
group, Michael Popkin's Southern Cone structuring group and a long discussion
regarding the pricing and suggested "collar." I also asked if you had spoken
to your customer about what they were willing to pay, but that was a non
starter. Trust me, I have seen almost every bad deal Enron has entered into
or attempted to enter into and I am trying to get Metgas to objectively
relook at their offer to Cairn become it becomes another bad deal.

Douglas S Parsons@ENRON_DEVELOPMENT
08/15/2000 08:31 AM
To: Doug Leach/HOU/ECT@ECT
cc:
Subject: Re: Cairn Gas Purchase Bid

That's fine, but don't you think I would also prefer not receiving criticism
that assumes I didn't do something and provides no clear alternative.

Doug Leach@ECT
08/15/2000 07:52 AM
To: Douglas S Parsons/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Marc De La Roche/HOU/ECT@ECT, Bobby
Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Cairn Gas Purchase Bid

You spoke to me once and I gave you my opinions which were contrary to your
resultant offer to Cairn. Currently, I have better things to do with my time.

Douglas S Parsons@ENRON_DEVELOPMENT
08/15/2000 12:10 AM
To: Doug Leach/HOU/ECT@ECT
cc: Marc De La Roche/HOU/ECT@ECT, Bobby
Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Cairn Gas Purchase Bid

I talked to Vince after we hung up and his only suggestion was to call
Sandeep Kohli.  I spoke with Marc and yourself four times on this matter over
a 3 day period and given the timing, I put forth a non-binding offer, after
discussing it further with Bobby, based on the information I had that appears
to position us close to our competitors offers.  We haven't committed
ourselves and should we be selected for negotiations there are numerous
variables to affect the outcome.  If you've got any suggestions for a better
deal, please advise.

Doug Leach@ECT
08/14/2000 07:45 AM
To: Douglas S Parsons/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Marc De La Roche/HOU/ECT@ECT, Bobby
Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Cairn Gas Purchase Bid

I strongly disagree with the pricing and structure of your non-binding offer
to Cairn. This reminds me of the debacle in Brazil. You should have contacted
Vince Kaminski's research group as we talked about before an offer was made.
This is a bad deal.

Douglas S Parsons@ENRON_DEVELOPMENT
08/12/2000 01:51 AM
To: Doug Leach@ECT, Marc De La Roche@ECT
cc:
Subject: Cairn Gas Purchase Bid

Doug & Marc,

FYI, please let me know if you think we're totally off base.  I appreciate
your help.

Regards,
Doug
---------------------- Forwarded by Douglas S Parsons/ENRON_DEVELOPMENT on
08/12/2000 01:48 AM ---------------------------

Douglas S Parsons
08/11/2000 06:24 AM
To: Bobby Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: F B Virani/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ujjwal
Dey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nilesh
Vaishnav/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Cairn Gas Purchase Bid

Bobby,

After meeting with Cairn today in Delhi, my perception is that our offer was
received well.  They were more open and relaxed then they were on Wed.
morning and made several encouraging comments about our price range, (once we
talked through the price movements), and the seriousness of our gas related
activities on the West Coast of India, in light of the IOC agreement.  I
think the overall package is attractive to them and no serious objections
were raised.  We did talk to some extent about the guarantees, but we didn't
get too far and they're willing to accept at this point that what's
acceptable to the LNG suppliers, should be suitable for their needs.
However, they would like to understand the corporate structure and assets of
Enron Energy Marketing a little better and I told them I would get back to
them on that point.

David and Ajay were up in Hazira yesterday looking at some property for their
gas treatment facility, which apparently is across the road from pipeline
access.  While there they went and looked at Shell's proposed LNG site after
walking the last 1 km, inaccessible to their 4wd vehicle and not surprisingly
found a beach.

In summary, here is what we offered on a non-binding basis:

Six year production plateau
85% TOP
$3.67/MMBtu Net, at a base of $18/bbl Brent, with point of sale at the
tail-end of the gas processing plant
Floor & Cap of $15.50 - $27.00/bbl
Price movement:  +/- $1.00/ bbl from the $18/bbl base price (on a 3 mo.
rolling average) equals +/- $0.145/MMBtu fixed on a quarterly basis
Guarantees:  Same protection we're providing the LNG suppliers under the
Trust Retention Account

I appreciate everyone's help in submitting this offer.

Thanks,
Doug


F.Y.I.

  Business; Financial Desk
  Sempra Still Feeling the Heat Energy: The parent firm of 2 Southern
California
  utilities is weathering criticism from all sides, with more flare-ups on
the horizon.
  NANCY RIVERA BROOKS

  09/17/2000
  Los Angeles Times
  Home Edition
  Page C-1
  Copyright 2000 / The Times Mirror Company

  Sempra Energy just can't seem to get out of the hot seat.

  First there was the controversial 1998 merger between the parents of San
Diego Gas &
  Electric and Southern California Gas, which created the Sempra Energy
holding company
  and gave it more customers--21 million--than any other utility company in
the nation.

  Now, although the calendar says autumn is less than a week away, warm
weather still has
  Sempra sweating through a summer of electricity discontent. And winter
doesn't look like
  much fun either for Sempra or its natural-gas customers, with residential
gas bills projected
  to increase 30% to 35% without fueling anything above a strictly regulated
rate of return for
  Sempra's gas utilities.

  Hanging over the San Diego-based energy company is a new uncertainty
generated by the
  turmoil in California's restructuring electricity industry. Of particular
concern to the
  investment community is a rapidly swelling debt caused by the difference
between the high
  wholesale cost of electricity and the freshly capped retail power rates for
the 1.2 million
  customers of San Diego Gas & Electric.

  Who will pay that debt--Sempra Energy's shareholders or SDG&E's electricity
  customers--and how big it will grow may not be known for years. The answer
will hinge in
  part on an investigation of SDG&E's conduct by the California Public
Utilities Commission.

  In the meantime, Sempra Energy, whose two utilities serve nearly 7 million
gas and
  electricity meters representing about 21 million customers from Central
California to the
  Mexican border, continues to post sparkling earnings largely because of its
non-utility
  businesses. Sempra wants to be much more than its utilities, pushing into
energy trading
  and electricity and natural-gas contracting outside of California.

  Indeed, Sempra has stressed that recent profit surges came not at the
expense of its
  California utility customers. Consumer advocates are not persuaded,
painting Sempra as a
  profit-hungry company that has not done enough to protect ratepayers.

  Despite all the tumult, Sempra's previously languid stock price has risen a
bit this summer,
  a fact that appears to amaze even Stephen L. Baum, Sempra's new chairman
and chief
  executive.

  "Maybe it's all the publicity we've been getting," he recently quipped,
ruefully.

  It's a careful-what-you-wish-for proposition for Sempra Energy, which spent
hundreds of
  thousands of dollars in the last two years to boost its corporate profile
by, among other
  things, becoming a sponsor of Staples Center and rolling out a new logo
that looks like a
  small flaming man. Now the corporation and its San Diego utility are
puzzling over how to
  repair an image so scorched that angry residents in SDG&E's
4,200-square-mile territory
  covering the San Diego area and southern Orange County have taken to
verbally and
  physically abusing company employees.

  "This has been an agonizing time for all of us," Baum told the Federal
Energy Regulatory
  Commission at a hearing Tuesday that is part of an investigation into this
summer's
  gyrations in the California wholesale electricity market. "SDG&E takes
enormous pride in
  serving this community with safe and reliable electric service at, what
were until recently,
  just and reasonable prices."

  Although regulators themselves, not to mention consumer advocates, warned
of looming
  shortages in power supplies, no one predicted this summer of sky-high
prices during which
  wholesale electricity prices jumped fivefold and bills doubled for SDG&E
customers, the
  first in the country to pay free-market power prices.

  That produced a "Ratepayer Rebillion"--so dubbed by Michael Shames,
executive director
  of the San Diego-based Utility Consumers Action Network, a longtime SDG&E
sparring
  partner. The shock waves quickly reached utility regulators and state
lawmakers, the
  architects of electricity deregulation , who are still scrambling for
solutions.

  "SDG&E has become the corporate equivalent of the gang that couldn't shoot
straight,"
  Shames said. "They have the distinction of having the market blow up on
them in a very
  visible way . . . and I'm quite convinced they didn't have a clue how
customers were going
  to respond."

  This high-voltage atmosphere visited the San Diego area because SDG&E did
such a good
  job selling its power plants, as required under deregulation . The 1996 law
that launched
  the overhaul of California's electricity world broke the industry into
three separate
  businesses: companies that make electricity, companies that distribute
electricity and
  companies that sell electricity directly to consumers and businesses.

  SDG&E and the state's other big investor-owned utilities--Edison
International unit Southern
  California Edison and PG&E Corp.'s Pacific Gas & Electric--lost their
secure monopoly
  status. They were deemed to be electricity distribution companies
only--though still
  monopolies in that segment of the business.

  The utilities handed over their long-distance transmission systems to a new
nonprofit, the
  California Independent System Operator, and were required to buy their
electricity from
  another new nonprofit, the California Power Exchange. The utilities
remained the default
  provider for customers who didn't pick a new electricity retailer, but they
were required to
  pass along the cost of electricity with no markup.

  Electricity rates for consumers and small businesses were frozen until the
utilities paid off
  their "stranded assets"--investments in nuclear power and renewable energy
contracts that
  became unprofitable under deregulation --or until March 2002. Rates are
still frozen for
  SCE and PG&E customers, but SDG&E customers lost that protection in July
1999, after
  the San Diego utility sold its power plants to eager buyers who were
willing to pay much
  more than book value.

  The rapid payoff surprised even regulators, who had developed no
post-freeze rules. The
  California Public Utilities Commission allowed SDG&E to maintain a 12%
ceiling on prices
  for the summer of 1999 and recoup any excess electricity costs later.
Thanks to a cool
  summer and a smoothly functioning wholesale market, the ceiling was little
employed.

  This summer, however, no ceiling was allowed by the PUC as part of its
original post-freeze
  order, SDG&E executives said. And prices on the California Power Exchange
began
  behaving strangely, spiking higher and higher even in the middle of the
night when demand
  was low.

  San Diego-area electricity users began seeing "true market prices from a
market that's
  dysfunctional," Baum said. "Of course I wish we had foreseen this market
spike. We
  didn't."

  Consumer fury has been calmed somewhat by a new law that caps electricity
prices for
  SDG&E residential and small-business customers at 6.5 cents a
kilowatt-hour, compared
  with the 21.5-cent peak this summer. Who will eventually pay the
electricity costs above
  the cap, currently collecting in a balancing account, is left unclear by
the legislation.

  It could mean a big balloon payment for customers, or some of the costs
could be shared
  by SDG&E if a PUC investigation finds that the utility didn't act in the
best interests of its
  customers in buying electricity. A companion bill that would use $150
million in taxpayer
  funds to defray some of the costs passed the Legislature but has not been
signed by Gov.
  Gray Davis.

  "I don't think that we did anything wrong," Baum said. "This is a bum rap
that has been
  hung on us, on SDG&E, that we somehow mismanaged the power supply for our
  customers."

  PUC officials and consumer advocates have criticized SDG&E for not
"hedging" more by
  buying ahead of time when prices are relatively low, for example. SDG&E
said that it asked
  the commission for such authority but didn't get it. What's more, Baum
said, SDG&E found
  better prices for its customers than did SCE or PG&E, even though they have
broader
  hedging ability.

  SDG&E will have to borrow money to pay for the electricity, since
ratepayers aren't paying
  the full cost. SDG&E says the under-collection of electricity costs could
eventually top
  $800 million, whereas sponsors of the rate-cap bill put the total closer to
$150 million.

  The future debt and the unsettled state of the deregulation process in
California were the
  reasons given when Moody's Investors Service recently changed the credit
outlook for
  Sempra and SDG&E to "negative."

  Shareholders can't be happy with Sempra's stock price, which fell from a
high of about $28
  a share right after the 1998 merger between Enova and Pacific Enterprises,
which was
  loudly opposed by consumer advocates because of the market clout a merged
company
  would wield, to a low of $16.63 in April. Sempra bought back 36.1 million
shares at $20
  each in February and lowered the stock dividend to $1 a share from $1.56 a
share. The
  stock closed Friday up 14 cents at $20.14 on the New York Stock Exchange.

  Baum acknowledged that the company has lagged in return to shareholders,
blaming that
  partly on a turning away by investors from utilities and other old-economy
companies to
  Internet and other new-economy stocks.

  Sempra wants to be much more than its utilities and has made some promising
inroads
  into unregulated areas, such as energy commodity trading,
telecommunications,
  power-plant building and the sale of electricity and natural-gas to
consumers and
  businesses in other states, Mexico, South America and Canada, analysts said.

  In fact, Sempra Energy Trading, which buys and sells electricity, natural
gas, oil and coal,
  earned more money in the first quarter--$3 million--than in all of 1999.
That subsidiary's $40
  million in second-quarter earnings was primarily responsible for Sempra's
  better-than-expected income for the period of $110 million, or 55 cents a
diluted share, up
  34% from the second quarter of last year.

  Analyst Paul Fremont of Jefferies & Co., who has a "buy" rating on Sempra,
notes that the
  trading company income will be volatile and that the other subsidiaries
remain unknown
  quantities.

  "They've really got to have sustained growth in that [unregulated] part of
the business
  because there's not a lot of growth in the utility part" in California,
Fremont said.

  Sempra's earnings growth during this electricity furor has consumer
advocates fuming even
  though company executives emphasized that electricity trading gains came
from the East,
  not California.

  "Consumers don't need to feel sorry for this company," said Mindy Spatt,
spokeswoman for
  the Utility Reform Network, also known as TURN, a San Francisco-based
consumer group.
  Spatt noted that Sempra's new El Dorado power plant near Las Vegas "did
very well"
  selling electricity in Nevada and California during most of the second
quarter.

  "We don't think consumers should be responsible for the failures of
deregulation , and we
  think that Sempra is in a much better position to pay for some of these
costs than the
  average San Diegan," Spatt said.

  Sempra has had some problems in reaching beyond its California utility
origins. One
  subsidiary, Energy America, which sells electricity and natural gas door to
door in six
  Eastern states, has run afoul of regulators in two states because of
aggressive sales
  tactics that prompted complaints from consumers. The company has been
variously fined
  and ordered to retrain salespeople.

  Sempra is on track to reach its goal of reaping one-third of its earnings
from its
  non-California businesses by the end of 2003 and to increase overall
earnings by 8% to
  10% compounded annually in the next four years, Baum said.

  That success is whipping up customer ire.

  "People tend to look at Sempra-SDG&E as a monolith. . . . People are
saying, 'They're
  making a ton of money here. That company is doing very well. We're getting
screwed, and
  we don't like it, and why should we have to pay for it?' " Baum said. "It's
a very natural
  reaction. People don't understand, and they don't care to understand."

  One of SDG&E's immediate concerns is fixing relations with its customers.
Baum said the
  utility recently polled customers and found that 9% considered it credible,
down from 35%
  ("which is not much to brag about, but it's not bad in the utility
business") before the
  electricity crisis.

  "I don't know that a corporation can do very well with a credibility rating
of 9% on a
  sustained basis. That is something I worry about," Baum said.

  SDG&E President Debra L. Reed said most customers don't understand that the
  investor-owned utilities are now only distribution companies, despite a
$90-million education
  campaign by the Public Utilities Commission.

  "They see our name on the bill and they think we're making money on the
commodity,"
  Reed said. "We have a lot of education to do with our customers. But we
realize that it is
  probably not the best time to educate them in the middle of what they see
as a crisis. . . .
  What we're trying to do is help them through this."

  (BEGIN TEXT OF INFOBOX / INFOGRAPHIC)

  Metering Sempra Energy

  Earnings are up at Sempra Energy, but the San Diego company is spiking on
the
  controversy meter because of soaring bills for customers of its utilities,
San Diego Gas &
  Electric and Southern California Gas. Sempra's name is not well-known, but
its utilities
  serve 21 million people from the Central Valley to the Mexican border.

  (BEGIN TEXT OF INFOBOX / INFOGRAPHIC)

  Branching Out

  Sempra Energy also is pushing into other businesses, primarily outside of
California:

  Sempra Energy Trading: Trades energy commodities

  Sempra Energy International: Develops and operates energy projects such as
power plants
  and natural gas lines in international markets

  Sempra Energy Solutions: Markets electricity, natural gas and energy
services to large
  electricity users

  Sempra Energy Resources: Develops or buys power plants and natural gas
facilities in the
  United States

  Sempra Communications: Invests in telecommunications

  Sempra Energy Financial: Invests in affordable housing partnerships

  Source: Company reports

  PHOTO: Sempra's San Diego headquarters; ; GRAPHIC: Metering Sempra Energy,
Los
  Angeles Times;

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

  Financial
  Is Another Energy Crisis Ahead?; Winter Fuel Costs Will Rise; After That,
Nothing Is
  Certain
  Kenneth Bredemeier

  09/17/2000
  The Washington Post
  FINAL
  Page H01
  Copyright 2000, The Washington Post Co. All Rights Reserved

  This winter the mailman will be delivering markedly higher heating bills
throughout much of
  the country, including the Washington area.

  Those who use natural gas--the dominant heating fuel in the Washington area
and
  throughout the United States--face a 27 percent increase. Heating oil
customers,
  particularly in the Northeast where 35 percent of homeowners use the fuel
to warm their
  houses, may have to pay more than $2 a gallon--twice the current price--as
the days grow
  shorter and temperatures plunge.

  Motorists get hit in the wallet every time they pull into a service
station: They now typically
  pay more than $1.60 a gallon for gas, and the days of 90-cent-a-gallon
gas--yes, it was just
  last year--are but a distant memory. At least that's better than in
England, France and
  Belgium where motorists are waiting in long lines to buy $4-a-gallon gas,
only to find that
  some stations have run out.

  Is this the start of an energy crisis?

  Many energy analysts and government economists say not, that supplies of
various forms
  of energy will prove sufficient over the next few months, but that the
costs will continue to
  follow the law of supply and demand. When there's not an excess of a fuel
available--and
  numerous types of fuel reserves are quite low--consumers will likely think
the product costs
  too much, at least compared with the prices they've been accustomed to
paying.

  But as winter approaches, several loosely connected events that spanned the
globe over
  the past couple of years have heightened awareness of energy in our lives
and reminded us
  of a lesson learned in the 1970s: Energy prices can be volatile,
unpredictable and can
  reverberate throughout the economy.

  As Philip Verleger Jr., a partner with the Brattle Group, a Cambridge,
Mass., economic
  consulting firm, concluded, "Consumers will have to spend more on energy.
They will have
  less to spend on other things."

  On top of the triple-whammy of higher natural gas, heating oil and gasoline
prices,
  consumers are also vulnerable to the vagaries of the electricity market
because the industry
  has been in the midst of deregulation .

  While California and other states have struggled with power prices during
the adjustment to
  the new competitive environment, electric utilities locally have maintained
stability.
  Potomac Electric Power Co. says its 621,000 residential customers in the
District and
  suburban Maryland--about 15 percent to 20 percent of whom heat their homes
with
  electricity--will find their bills about 5.5 percent lower this winter,
assuming they use the
  same amount of electricity as last year. Across the Potomac River,Dominion
Virginia
  Power's customers in Northern Virginia are likely to see their bills stay
about the same.

  Much of the current energy pricing is out of consumers' hands, analysts
say, because the
  United States has chosen, to a large degree, to remain dependent on oil
pumped out of
  distant lands controlled by OPEC nations.

  The 11-member Organization of Petroleum Exporting Countries agreed last
weekend to
  increase its oil production by 800,000 barrels a day in hopes of pushing
the price down to
  $28 or so. Even so, oil prices hit a new 10-year high on Friday, closing at
$35.92 a barrel
  amid worries about tensions between Iraq and Kuwait. These are prices not
seen since the
  days of the military buildup before the Persian Gulf War in November 1990.

  Analysts say that 21 months ago, when oil was below $10 a barrel and
natural gas was at
  $2 per 1,000 cubic feet, drilling companies, many of which produce both
fuels, began to
  curtail their exploration as a result of dwindling revenue.

  The OPEC nations cut their production at the time to force prices
upward--and now they
  have more than tripled. Private exploration for more natural gas in the
United States, chiefly
  in the Gulf of Mexico and several southern and southwestern states, only
grew after drillers
  concluded that the demand was significant enough and they had sufficient
capital to look
  for more.

  Peggy Laramie, spokeswoman for the American Gas Association, the
natural-gas utilities'
  trade group, said the low price of gas at the time contributed to a feeling
by producers that
  there was plenty of supply, so they cut back on drilling for about nine
months, from August
  1998 to April 1999. Fewer than 400 rigs were drilling at the time, although
now that figure
  has topped 800.

  With little new natural gas exploration, the flow through the supply chain
slowed, of course,
  even as demand increased in the United States, Europe and Asia.

  The result was predictable: Higher natural-gas prices at the wellhead and,
over time, bigger
  bills for consumers. The $2 wellhead price has now risen to $5. Laramie
said the last time
  wellhead prices were this high was in 1985.

  As Verleger said, "Demand was growing. We didn't pick up the supply
and--whoops, there's
  a problem."

  In the Washington area, where perhaps 70 percent of all homeowners heat
with natural gas,
  Washington Gas Light Co. estimates that its residential customers will see
the typical
  monthly bill jump $26, to $112.50, in the November-to-April period, a 27
percent increase
  over last winter.

  Laramie said the gas utilities' trade group believes that with the renewed
exploration, natural
  gas prices "will be moderating by spring, but we don't want to
over-promise."

  The price of oil and its derivative products is expected to remain
volatile, depending on a
  host of factors, including demand by consuming nations, the severity of the
upcoming
  winter months after a string of three relatively mild winters, and how much
more oil OPEC
  nations might decide to produce if prices stay high.

  This mix of factors leaves the analysts, OPEC and government economists
using a lot of
  "ifs" and "buts" and "possibilities," but mentioning few certainties.

  OPEC President Ali Rodriguez predicted this past week that oil prices could
reach $40 a
  barrel this winter, even if only for a relatively short time.

  "Crude oil prices are very high and will remain very high throughout the
rest of the year,"
  said John Lichtblau, chairman of the Petroleum Industry Research
Foundation, which is
  funded by oil companies. In terms of gasoline, a shortage is unlikely, "but
prices will be
  high," he said. "It can go back to $1.40 a gallon because of more
production and lower
  crude prices. It won't start right now, maybe later this year or early next
year."

  But with heating oil, he said, an unusually cold winter in the Northeast
could bring about
  problems, given low inventories. "I don't see a shortage, but prices will
be very high."

  Verleger was less certain.

  "We do have a problem," he said. "I think we're going to see high prices
this winter for
  heating oil and natural gas. But I'm not certain about it. I'm not willing
to go out and say it's
  going to be awful."

  With oil prices at record levels, President Clinton last week came under
increasing
  pressure to tap the nation's Strategic Petroleum Reserve, nearly 570
million barrels of crude
  oil stashed at four sites in Louisiana and Texas.

  The reserve is intended for use in cases where the president determines
there is a national
  supply emergency. High prices alone do not qualify. The White House says
all options to
  combat the current low reserves of various fuels and high prices are under
consideration. In
  the past, however, the oil reserve has been tapped to combat mechanical
breakdowns in
  the oil industry's pipeline system or to trade lower-quality oil for a
better grade.

  "If the Strategic Petroleum Reserve is released, that would knock $15 a
barrel off the price,"
  Verleger said. "One piece of news like that and this [crude oil price] will
drop like a rock."

  At least for the winter months, electric utilities generally have found a
way around the high
  price of oil and natural gas that some of them must use during peak-demand
periods in the
  summer to generate electricity. They're able to focus their winter
generation on cheaper
  fuels--coal, nuclear and hydroelectric power.

  "That's cheaper fuel and fuel that's less subject to the volatility of the
world oil and world
  natural-gas markets," said Chuck Linderman, director of energy generation
and supply
  policy for the Edison trade group. "Generally we're in good shape on
supply."

  Contact: http://www.washingtonpost.com

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


i'm sry..hunbun

 -----Original Message-----
From: 	"John Menconi" <jmenconi@adv-eng-ser-inc.com>@ENRON
Sent:	Thursday, October 11, 2001 11:23 AM
To:	Sanchez, Monique
Subject:	RE: options exercised

You called me hun!

-----Original Message-----
From: Sanchez, Monique [mailto:Monique.Sanchez@enron.com]
Sent: Thursday, October 11, 2001 10:45 AM
To: jmenconi@adv-eng-ser-inc.com
Subject: options exercised

I exercised my options today...for various reasons.

First: stock moved around 1.3 yesterday and was up as high as 1.5
today...now on its way back down.  I exercised when it was 1.0 up....i
really felt that this was more a peak for now than a trend up.

Also, the move yesterday I feel was influenced by news that we were
selling our India power plant....this is the 2nd news story related to
enron selling assets (Portland General) and reducing workforce (Enron
Europe laying off employees).  Yesterday there was an article that was
released stating that there may be some difficulty getting the India
deal to go through....hence...me feeling like this thing was probably
going to move back down.

Also, the employee survey results I read.....not good...enron employee
"consumer" confidence is not good.  Not to mention the fact that I see
many of my peers getting solicited w/ big bucks to work elsewhere and
the volatile trading environment (hence $$$$$ for enron) slowly
dissapating.

Lastly....I can always buy enron stock .....at these price
levels...taking 3500 bucks and throwing it in the bank..is probably easy
money....I can always take the money market and get back in
enron....sure I am forgoing getting in at 28.5 (the strike price) but
the difference between that and getting in at lets say 40....is a few
thousand dollars....rather forgo that and get back in on a definite
uptrend...then risk losing this easy money and have nothing to show.

OH...lastly..I am still in EOG which will move in sympathy w/ ENE if
that market continues to trend up.

So there you go....the most detailed trade report i think i've ever
written.
Talk to you later hun
L-me

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This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
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Thank you.
**********************************************************************

 - winmail.dat << File: winmail.dat >>


Thanks for the message.  I agree that once we have a good outline of what we
are going to do we are going to need someone who can get it done.  I think
you would be an outstanding candidate for that role (seems to me we went
after you once before).  Is your inquiry confidential or can I discuss it
with others?

	Anthony Mends@ENRON COMMUNICATIONS
	11/15/2000 09:50 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Thoughts on KM and Other Matters

Steve,

Thank you for taking the time to see me whenever I have requested an
appointment with you. I believe there are discussions to consolidate Enron
websites and also to develop a Knowledge Management infrastructure.  You and
I have shared some thoughts on these subjects. Properly managed, these are
potent tools in the strategic mix that would help keep Enron innovative. I
know that no concrete plans have yet emerged from your deliberations but I
can foresee when you might want someone to lead this effort full time.

It is eminently sensible to move towards consolidation in both areas. Among
the several benefits, a common infrastructure would sharply reduce both
development and maintenance costs.  Also, we would eliminate duplications and
give coherence to the look and feel of websites that would emphasize
corporate branding.

I am doing some great things here at EBS and generally speaking I am happy.
Nevertheless, I see a tremendous potential in this role and very much would
like to be considered a prime candidate for the lead position in this effort.
Everything I have done here at Enron has richly prepared me for this
position. My relationship with business units has given me a unique
education.  I have developed information value chain, built and managed three
websites in three different operating companies. At all times my products
were considered benchmarks. In addition, I shall be able to manage potential
political problems that are likely to attend any consolidation.

I should be grateful if you would think about this.

Once again, thank you for your time.

Tony
Enron Broadband Services
713-853-3939


The Capitol Connection is pleased to announce that it will broadcast the
recently announced Federal Energy Regulatory Commission Open Meeting on:

Monday, June 18, 1:00 p.m. EDT

This meeting will be broadcast via the Capitol Connection's television
system in the Washington, D.C. as well as via the internet and telephone
bridge.

The Capitol Connection is pleased to announce that it will also broadcast
the previously announced Federal Energy Regulatory Commission Open Meetings
on:

Wednesday, June 13, 10:00 a.m. EDT
Wednesday, June 27, 10:00 a.m. EDT

The technical conference on:

Tuesday, June 19, 10:00 a.m. EDT

Will be broadcast via the internet and phone bridge only.

Meeting dates and times are subject to change without notice. For current
information, you can go to our website at www.capitolconnection.org for a
link to the FERC's page or you can go to the FERC's web page at
www.ferc.fed.us. The FERC Office of the Secretary can be reached at
202.208.0400.

The Capitol Connection also offers FERC meetings live via the Internet, as
well as via Phone Bridge, and satellite, please visit our website at
www.capitolconnection.org. or send e-mail to capcon@gmu.edu for more
information. If there is a meeting you are interested in receiving, please
call David Reininger, Shirley Al-Jarani or Julia Morelli at 703-993-3100.


<<
>
>
>                          BLONDES....CANNOT EXPLAIN THEM
>
>One morning, a blonde called her boyfriend and said, "Please come over and
help me. I have this awesome jigsaw puzzle, and I can't figure out how to
start it."
>
>Her boyfriend asked, "What is it a puzzle of?"
>
>The blonde said,"From the picture on the box, it's a tiger."
>
The blonde's boyfriend figures that he's pretty good at puzzles, so he heads
over to her place. She lets him in the door and shows him where she has the
puzzle spread all over the table. He studies the pieces for a moment, then he
studies the box.
>
>He then turns to her and says, "First, no matter what I do, I'm not going to
>be able to show you how to assemble these pieces to look like the picture
>of that tiger."
>
>"Second, I'd advise you to relax, have a cup of coffee, and put all these
>Frosted Flakes back in the box.


The request has been completed with all resources requested either completed
or rejected. You can view the details of the  request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000021441&Page=
MyReq.


I found a way two new ways we can wheel small quantities of power from the
South to the north through Sierra Pacific. The downside is that it is very
time consuming and we can only do small amounts, but now that Malin is
quieting down, we need to look at other opportunities. Anyway here are the
two new paths.

The First PATH IS THROUGH GONDER:

1. From MEAD230 Wheel it to RED BUTTE using Nevada Power Transmission (COST
$2.90).
2. From RED BUTTE wheel it to GONDER Using PAC Transmission (COST $5.84)
3. From GONDER wheel it to NORTH VALMY Using SPP Transmission (COST $6.90)
4. From NORTH VALMY wheel it to IPC-SYS Using IPC Transmission (COST $0)
5. From IPC-SYS wheel it to LOLO Using IPC Transmission (COST $2.38)
From Lolo do a BR with WWPC to their system or wherever you want it.

These are all on-peak prices, did not have time to look up the off-peak. But
it will of course be less.

There are a lot of constraints on this path. The most significant is GONDER
to NORTH VALMY. There are only small quantities available at certain times.
The other significant constraint is NORTH VALMY TO IPC-SYS.

Could also wheel it to Hotsprings from IPC - Sys.

There is a TAG TEMPLATE OUT THERE FOR THIS DEAL.

SECOND PATH:

The second way is to export out of the ISO at Silverpeak. There is normally
five MW's of Room there and SPP can pick it up at control and take it to
NORTH VALMY. From there do like above. This is an untested strategy so be
careful.

HERE ARE THE OASIS SITES:
IPC: http://oasis.idahopower.com/
PAC: http://www.oasis.pacificorp.com/OASIS/PPW/
SPP: www.swoasis.com
NEVP: www.swoasis.com
APS: http://www.azpsoasis.com/oasis/main.asp

Like I said, there are only small quantities of this trannie available, but I
think it is worth a shot.

Geir


Done.

 -----Original Message-----
From: 	Doner, Max
Sent:	Friday, May 31, 2002 9:42 AM
To:	Germany, Chris
Cc:	Dhont, Margaret
Subject:	Sitara change for Decmeber 2001

Chris,

I need the amount of Demand Charge for Deal no. 113266 changed to $13,432.49 from $3,203.20.
This demand charge is for fuel reimbursement.

Thanks,
Max


Mark, FYI - In my estimation this business is no bigger than Mexico or the
Toronto business ie) $25 to $30M in real value with reasonably high risk.  I
see no value in having two different agendas being pushed in S. America.  I
also believe that we could cut overhead and right size the organization and
not loose any capability.  Early estimations are a reduction in budgeted OH
by at least a third to one-half.  Did you or Jeff speak with Jim?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
04:17 PM ---------------------------

David W Delainey
11/22/2000 04:08 PM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: See Attached

Jim, my understanding is that there continues to be some discussion on
whether there will be functional seperation of the retail and wholesale
businesses and to what extent and under what strategy these are undertaken.
I am not sure that we want to put ourselves in a box under any structure
until these things are completely ironed out eg) country managers et al.  I'm
not in agreement with any memo that further details the organization beyond
what was outlined in the original memo.  However, I am in agreement that this
needs to get resolved ASAP unfortunately Frevert and Skilling and most of the
first world is out this week.  I ask for your patience.

Lets discuss.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
04:00 PM ---------------------------

James M Bannantine@ENRON_DEVELOPMENT
11/22/2000 05:37 PM
To: David W Delainey@ECT, Joe Kishkill/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Miguel
Padron/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Randy Young@ECT
cc:
Subject: See Attached

Draft memo on the functional alignment of South America under the new
organization.  Would like to send out to the South America organization
tonight to give people partial information on work in progress.  Silence is
bothering people a lot and the company is at risk of losing people.
Definitive organization memo out in the coming days, after complete
coordination with wholesale and retail in Houston.  Look at the first version
of the memo.  Please reply with any comments asap.


Need all those docs printing today.

Also can you please check on why I have not being reimbursed by Continental for the flights at Christmas.

Also - expenses - what is the situation.

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


excellent.  I'm working with the crude boys here to do the same thing with
crude for you boys.
Jeff

	brian.manolis@americas.bnpparibas.com
	01/29/2001 03:19 PM

		 To: jshankm@enron.com
		 cc:
		 Subject: What's up?

You rang.  I called back.

What can I help you with my friend?

Clear all you NYMEX business you say?  Of course we can!

Lets start immediately.

Barry et al start on Friday...the public knows nothing until then.

______________________________________________________________________________
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L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS
(et ses filiales) decline(nt) toute responsabilite au titre de ce message,
dans l'hypothese ou il aurait ete modifie.

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delete it and immediately notify the sender.

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(and its subsidiaries) shall (will) not therefore be liable for the message
if modified.
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David,

I'm sorry if this wasn't clear.  I actually work with Christi and Susan (they both sit right behind me).  We have looked at all the regulatory issues, and have collected the majority of the necessary data to move forward.  At this point, I am working with Leslie Reeves and Ed Sacks to nail down some of the financial details.  After that, we just need to get Kevin Presto to sign everything and submit the application/registration.

However, before we do so, I assumed and Ed Sacks confirmed that we will need a legal review of those documents.  This does not mean reviewing the industry issues that Christi and Susan might do, but reviewing all the contractual provisions to ensure we are not entering into anything we find unfair, onerous, or contrary to our established procedures for such contracts.

Again, my apologies for not making this more clear in my letter to Elizabeth..

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771

-----Original Message-----
From: Portz, David
Sent: Friday, November 09, 2001 5:23 PM
To: Nicolay, Christi L.
Cc: Lindberg, Susan; Will, Lloyd; Rodriquez, Andy
Subject: FW: MISO Registration

Christi -- Had this crossed your path?  Would you or yours take a look and see if if is your zone?  I have printed it out but wouldn't be able to dig into it until next week sometime.  Thanks, David

-----Original Message-----
From: Sager, Elizabeth
Sent: Friday, November 09, 2001 3:58 PM
To: Portz, David
Subject: FW: MISO Registration

Hi David

Can you follow up on this for me?  I'm not sure we are the right ones to review but... call Christi if any questions
Elizabeth Sager
713-853-6349

-----Original Message-----
From: Rodriquez, Andy
Sent: Friday, November 09, 2001 3:36 PM
To: Sager, Elizabeth
Cc: Sacks, Edward
Subject: MISO Registration

Elizabeth,

Attached please find some contractual documents related to the Midwest ISO and our ability to take service under their OATT.  I need to have them reviewed as well as get some aid completing them.  I have attempted to complete as much of the documents as possible.

Can you please task someone to look at these as soon as possible?  The MISO is expected to start offering service on November 15.  Unfortunately, they have not given us a lot of lead time on this.  I have already been working with Ed Sacks and Leslie Reeves to deal with credit and billing issues, but now have collected much of the information and need to get the documents reviewed.

Thanks for your help.  One annoying problem with Sections 3-7 - they are in Adobe Acrobat, and can only be edited with Acrobat Writer.  I have tried getting the editable originals from MISO, but have not had a lot of luck.  I just placed another call to them to request them again.

Please call me if you have any questions.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


Here are the 3 99's that can be posted on to dealbench.
Ben


Rosemary,
Dana Davis is sending the original wires back to you to enter into the A/P
system for the month of January.  The wires have been sent out to Southwest
Bank of Texas so you will only be entering this information into the A/P
system but NO WIRES SHOULD BE SENT.

Please code (Debit) these 3 wires to 30016000, Profit Center 12854 (as marked
on the wire request).

Should you have any questions or problems, please call me at 853-5961.

Thanks,
Tammy
---------------------- Forwarded by Tammy Barta/HOU/ECT on 01/08/2001 10:45
AM ---------------------------

Pam Becton
01/08/2001 08:59 AM
To: Tammy Barta/HOU/ECT@ECT
cc:
Subject: St. Mary's Bank Info

Tammy:

Please provide Rosemary with the coding we discussed if not already in AP for
January.

Thank you!
Pam

---------------------- Forwarded by Pam Becton/HOU/ECT on 01/08/2001 07:59 AM
---------------------------
From: Rosemary LeBlanc@ENRON on 01/08/2001 08:16 AM
Sent by: Rosemary Leblanc@ENRON
To: Pam Becton/HOU/ECT@ECT
cc: Dana Davis/HOU/ECT@ECT
Subject: St. Mary's Bank Info

     Yes, its too late and  AP  Dept. Dec. closing was not open on 1/2 the
only way to booked for Dec  is to do it yourself by Journal Entry.  Dana has
the wires it was sent back with her
last week.   If you have any questions please let me know.

Thanks,
RL

----- Forwarded by Rosemary Leblanc/GPGFIN/Enron on 01/08/2001 08:09 AM -----

	Pam Becton@ECT
	01/04/2001 04:04 PM

		 To: Rosemary LeBlanc/GPGFIN/Enron@ENRON
		 cc: Dana Davis/HOU/ECT@ECT
		 Subject: St. Mary's Bank Info

Rosemary,

This needs to be entered in December 2000 in A/P.    Is it too late?  I sent
the addresses on 1/2 and I heard A/P was still open for December on that
date.  Yes, it will mess us up if you enter this is January.  What are the
options?

Pam
3-6595

---------------------- Forwarded by Pam Becton/HOU/ECT on 01/04/2001 03:01 PM
---------------------------

	Enron North America Corp.

	From:  Dana Davis                           01/04/2001 03:27 PM

To: Pam Becton/HOU/ECT@ECT
cc:
Subject: St. Mary's Bank Info

---------------------- Forwarded by Dana Davis/HOU/ECT on 01/04/2001 03:26 PM
---------------------------
From: Rosemary LeBlanc@ENRON on 01/04/2001 02:58 PM
Sent by: Rosemary Leblanc@ENRON
To: Dana Davis/HOU/ECT@ECT
cc:
Subject: St. Mary's Bank Info

DANA,  YES SHE DID SEND ME A EMAIL BUT IF I WAS TO BOOKED THE WIRES IN JAN
2001  YOU WILL BE OFF FOR YEAR 2000  DEC. BOOKS.    IF YOU WANT ME
TO GO HEAD LET ME KNOW.

THANKS,

RL

----- Forwarded by Rosemary Leblanc/GPGFIN/Enron on 01/04/2001 03:00 PM -----

	Pam Becton@ECT
	01/02/2001 01:01 PM

		 To: Rosemary LeBlanc/GPGFIN/Enron@ENRON
		 cc: Dana Davis/HOU/ECT@ECT, Tammy Barta/HOU/ECT@ECT
		 Subject: St. Mary's Bank Info

Rosemary:

Here are the addresses you needed for three wires processed in December that
you faxed to Dana last week.  These are December payables, so they need to
be entered for December business.   Let me know if you need any more
information from me.

Thanks,
Pam
3-6595
---------------------- Forwarded by Pam Becton/HOU/ECT on 01/02/2001 11:58 AM
---------------------------

	Enron North America Corp.

	From:  Eric Wardle                           01/02/2001 10:31 AM

To: Pam Becton/HOU/ECT@ECT
cc:
Subject: St. Mary's Bank Info

Pam,
Here is St. Mary's address:

St. Mary's Production, LLC
1717 Woodstead Court, Suite 207
The Woodlands, Tx 77380

Below is the Southwest Bank of Texas information sent by St. Mary's.

Let me know if you need any additional information.

---------------------- Forwarded by Eric Wardle/HOU/ECT on 01/02/2001 10:28
AM ---------------------------

	Enron North America Corp.

	From:  Eric Wardle                           12/04/2000 06:36 PM

To: Tammy Barta/HOU/ECT@ECT
cc:
Subject: Bank Info

---------------------- Forwarded by Eric Wardle/HOU/ECT on 12/04/2000 06:35
PM ---------------------------

"Preston Exploration, LLC" <preston@prestonexpl.com> on 12/04/2000 06:22:07 PM
To: <ewardle@enron.com>
cc:
Subject:

Eric:
?
Our bank address is:
?
Southwest Bank of Texas
5 Post Oak Park
4400 Post Oak Parkway
Houston, Tx.? 77027
A. Stephen Kennedy
Senior VP - Energy Lending
?
Jay Hartman
?


Here is the revised GE override letter, correcting the West LB contract
reference identified by Kay. I have dated this override letter January 3.  It
should be ready for execution along with the equipment breakout contract.
Kay is about to send an ABB override letter, that I will look at and then
forward as well.


I received your riddle from Amy Yueh and my answer is NOTHING!

Let me know if I am right.

Andy


Cheryl,
Here is a preliminary November purchase with estimated volumes.  Crestone should have final numbers next week.  I don't expect them to change much.

Please call me if you have any questions.

Thanks,
Theresa
(303) 575-6485


Dave would like to have a strategy meeting next Tuesday  Ocotober 10, 2000
from 2:30-4:30 in room 30C1. No preparation is necessary and it's important
that each of you plan to attend. If you cannot attend, please contact Dave
directly.

Thanks!


Thank you to everyone who participated in the XMS Web Expense Report
contest.  We had over 1000 responses with 906 correct answers.  Randy Klug of
EBS in Portland was the winner.  Congratulations, Randy, and thank you all
for participating.


According to the CES Data Room book, the price on this deal is IF CGAS +
.015.  I changed it in Sitara effective Jan 1, 2000 - Nov 30, 2001.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/24/2000 06:32
AM ---------------------------

Joan Veselack@ENRON
03/23/2000 05:56 PM
To: Robin Barbe/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc: Victor Lamadrid/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Katherine L Kelly/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT
Subject: Roanoke Term Deal

Robin, Tom Clark at PG&E called and is not taking the 4400/day for April 2000.

Chris and Scott, please check deal ticket 145312 for correct pricing. The CES
deal term date  is 12/1/98 to 12/1/2001 and gms # is s-roanoke-2746.

I extended the Enron deal ticket to match the CES deal term. Not sure what
the pricing should be.

Thanks.


Please see the attached document.


Grace, thanks for the invite and i would love to come however, I am going to
be in LA to visit my family


A conference bridgeline has been set up for participating in the Monday
morning OGC meeting and/or Legal Committee Staff Meeting.

International (London and Brazil):
Dial In #:  801-983-4017; Passcode #:  56871

Domestic (Canada and Houston):
Dial In #:  800-713-8600; Passcode #:  56871

The OGC meeting and the Legal Committee will meet on alternate Mondays in
EB38C2 from 8:30 AM to 9:30 AM Central time.  The Legal Committee will meet
this Monday, January 22.  The next OGC meeting will be Monday, January 29.

 Office of General Counsel   Legal Committee
 Alan Aronowitz     OGC
 Mark Evans     Justin Boyd
 Barbara Gray     Michelle Cash
 Jeff Hodge     Jon Chapman
 Bruce Lundstrom    Stephen Douglas
 Travis McCullough    Peter Keohane
 Julia Murray     John Novak
 Elizabeth Sager     Marcus Von Bock und Polach
 Richard Sanders    Dan Rogers
 Lance Schuler     Paul Simons
 Mark Taylor     Stuart Zisman
 Sheila Tweed
 Randy Young

Also, Mark Haedicke understands there will be times when you may not be able
to be on this call.  When there is a Company holiday in Houston, the OGC
meeting and/or Legal Committee meeting will be held on the next business
day.  Julia Murray will head the meeting in Mark Haedicke's absence.

Please let me know if you have any questions.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


Hello Charry, Steve, Haley and Will,

Sorry, we are a bit late to send any christmas greetings but don't want to
miss the occasion to send you all our best wishes for happiness, health,
success (and whatever you might wish...) for the coming millennium.

We have stayed here in Brie for Christmas this year and celebrated with
the French part of the family. The girls are on Christmas holiday and next
week, after a big party here on the 31th, we will go down south to Provence
to catch some sun rays.

Hope you are all well

Cheerio,

Katharina, Didier, Julia and
Mathilda

PS: I cut over half a meter of my hair which is very short now !!!

----- Original Message -----
From: Charry and Steve <charryl@pacbell.net>
To: <Aldpal@aol.com>; <ally@waika9.com>; <alma_ogana@yahoo.com>;
<amadaricafort@hotmail.com>; <AZW@foss-electric.dk>; <MGRAN325@aol.com>;
<swissrc@mozcom.com>; <aferrer@ci.pasadena.ca.us>;
<stacruz1@worldonline.dk>; <charlenejcampbell@hotmail.com>;
<drkennymd@yahoo.com>; <cmnavarro@yahoo.com>; <efron@email.msn.com>;
<dmawhinn@pacbell.net>; <Dukais@aol.com>; <enavar1@leland.stanford.edu>;
<elcarlos@info.com.ph>; <GDJWFerris@aol.com>; <goretefnovack@hotmail.com>;
<hazelmychm@yahoo.com>; <jacquelyn38@yahoo.com>; <Jeff_Dasovich@enron.com>;
<jenmaniago@hotmail.com>; <Keenanjjk@aol.com>; <seasitka@aol.com>;
<joellising@ca.slr.com>; <SmokinJohnny@webtv.net>;
<achilles.kirsten@gene.com>; <LeilaniNavarro@ca.slr.com>;
<clintonsmor@aol.com>; <lenora.mcgeough@mckesson.com>; <mannix@info.com.ph>;
<mercita@ISPchannel.com>
Sent: Monday, December 25, 2000 9:30 AM
Subject: Merry Christmas!

> Have a happy Christmas to you all.
> From us,
> Steve,Charry,Haley & Wil
>

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


I extend my begrudging congratulations....

	Marie Heard@ENRON COMMUNICATIONS
	10/31/2000 03:39 PM

		 To: Tana Jones/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Stephanie Panus/NA/Enron@ENRON
		 cc:
		 Subject: Executed Masters

Not to make you all nervous, but I just got my 4th master signed.  I'm fast
approaching 10!  I figure that at this rate, in 6-1/2 years, I'll be up to
461.

Marie Heard
Senior Legal Specialist
Enron Broadband Services
Phone:  (713) 853-3907
Fax:  (713) 646-8537
Marie_Heard@Enron.net


We have received the fully executed Information Services Agreement between
Enron Net Works LLC and Kase and Company, Inc. dated 11/1/00.  Copies will be
distributed.


? <<AllPartycema.doc>>

 - AllPartycema.doc


besides - you weren't the only one that wasn't there last week

Nick Hiemstra
10/17/2000 08:32 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Game Tomorrow @ 7

Yeah, yeah, I know.  I already apologized and it won't happen again.  Once
again, sorry I wrote down the wrong time.  I'll be there at 6:30 this week.

- nh

P.S. Do you really have better things to do?

	Enron North America Corp.

	From:  Eric Bass                           10/17/2000 08:23 AM

To: Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Jeffrey C
Gossett/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Nick
Hiemstra/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron, Amir Ahanchian/Enron
Communications@Enron Communications, Brian Hoskins/Enron Communications@Enron
Communications
cc:
Subject: Game Tomorrow @ 7

Contrary to popular belief, the people that actually show up to the game do
have other things they can do if they know that the other team members will
not show up.  So, let me know whether or not you will be there.


Just to give a head's up,

In case I'm not here and you have to get something signed for EnronOnline,
Louise Kitchen absolutely does not want any other officer signing documents
for her group.  The only two signatories for EnronOnline are Louise and Andy
Zipper, Vice President.  FYI, we do have a resolution in place that allows
certain individuals to sign password applications (only!) on behalf of
EnronOnline.


Attached is the link that will allow you access to referenced database.
Please note, that we have just upgraded the database to add the ISDA
definitions, branch offices approved for trading, and market disruption
provisions.  This information should be inputted for the new master swap
agreements on a going forward basis, but we still need to go back and
repopulate the data for the existing master swap agreements.

Also, FYI, the "See" drop down is our nickname for the name changes and
mergers reference.  If an item is filled in for that entity it should show
you any prior or new names for the counterparty.

If there is anyone else who would like the link, please let me know and I
will forward it to them.

We hope you find the information provided in this database helpful.

Link -->


Yes.  1 and 1/2 hrs.

From: Suzanne Adams@ECT on 05/15/2001 03:42 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Development team meeting/download

Are the addressees the people involved in the meeting.  How long do you want
the room for?

	Kay Mann@ENRON
	05/15/2001 03:35 PM

		 To: Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Ann Elizabeth
White/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron
		 cc: Suzanne Adams/HOU/ECT@ECT
		 Subject: Development team meeting/download

Looks like 200 Friday,  May 18th for a status/download meeting.

Suz, please find a room and notify folks and their assistants.

Thanks,

Kay


This message was sent automatically by Microsoft Outlook to inform you that you have been designated as a delegate. You can now send messages on my behalf.

You have been given the following permissions on my folders:
	Calendar:   	Editor (can read, create, and modify items)
	Tasks:      	Editor (can read, create, and modify items)
	Inbox:      	Editor (can read, create, and modify items)
	Contacts:   	Editor (can read, create, and modify items)
	Notes:      	Editor (can read, create, and modify items)
	Journal:    	Editor (can read, create, and modify items)

To open folders for which you have permissions, point to Open on the File menu, and then click Other User's Folder. You must be running Microsoft Outlook to do this.

You will also be receiving copies of meeting requests sent to me and will be able to respond to them on my behalf.


Gerald and Debra,

Please find the attached draft confirm and exhibit for Manti Operating Company.  Please review and add the flexible pricing language which Linda discussed at the meeting today.

Thanks, lisa  5 4766


Tana,
Thanks for the info -- the customer will be excited to have permanent access.
Griff

From: Tana Jones on 08/07/2000 08:59 AM
To: Mary Griff Gray/HOU/ECT@ECT
cc: Claudia Clark/HOU/ECT@ECT
Subject: Re: Western Area Power Admin -- Upper Great Plains

Legal has signed off on the counterparty, so I expect it is being held up
with the online team for some reason.

	Mary Griff Gray
	08/07/2000 08:44 AM

		 To: Tana Jones/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT
		 cc:
		 Subject: Western Area Power Admin -- Upper Great Plains

Tana/Claudia --

Could you bring me up-to-date on the progress of this app?

Thanks,
Griff
x35753

From:  Mary Griff Gray
     07/31/2000 09:55 AM

To: Claudia Clark/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Western Area Power Admin -- Upper Great Plains

Claudia --   I see that this app is still in Legal (since 7/14).  Could you
give me an ETA on it?

Thanks,
Griff
35753


Attached is a memo describing the current structure. My assistant, Joyce
Dorsey (853-3516), will schedule a conference call for Monday afternoon (i)
to discuss the outstanding issues and (ii) to decide which of the alternative
structures described in the memo is the preferred approach.

Please note the following:

1. Sara has separately distributed a first draft of the confirmation. Please
give Sara any comments this week that you may have to the confirm.

2. Does anyone have a final version of the fairness opinion? I'm assuming
that we can provide the fairness opinion to our swap counterparty, given that
there is a confidentiality agreement in place covering this.

3. I understand that Randy Young's group will form the  Delaware LLC(s) that
are required by the structure.

4. We need to discuss the mechanics for substituting collateral in the
Ponderosa structure. This will vary, depending on which of the alternatives
described in the memo is selected.

5. We need to confirm our earlier conclusion that there are no contractual or
other legal restrictions that may affect our ability to enter into these
hedges.

6. Please forward this memo to others as appropriate.


Rick asked that I get the US/Canada Goverment Affairs "Working Group" list to
everyone, so here it is!

gngr


Start Date: 4/2/01; HourAhead hour: 17;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040217.txt
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Engine (error $2A04)
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Error: Crawler lifetime exceeded.
Error: dbCaps97Data: Cannot perform this operation on a closed database
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Engine (error $2A04)
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Engine (error $2A04)
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Error: dbCaps97Data: Cannot perform this operation on a closed database
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Engine (error $2A04)
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Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
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Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database


In case you hadn't seen the new list of House Committee assignments, here it
is.  We will do a more comprehensive analysis shortly including that of the
new subcommittee chairs.  Thanks.

107th Committee Assignments

Agriculture - Larry Combest
Appropriations - C.W. Bill Young
Armed Services - Bob Stump
Banking (Financial Services)- Michael G. Oxley
Budget - Jim Nussle
Commerce- W.J. "Billy" Tauzin
Education and the Workforce- John A. Boehner
Government Reform - Dan Burton
International Relations - Henry J. Hyde
Judiciary - F. James Sennsenbrenner, Jr.
Resources - James V. Hansen
Science - Sherwood L. Boehlert
Select Intelligence - Porter J. Goss
Small Business - Don Manzullo
Standards on Official Conduct - Joel Hefley
Transportation - Don Young
Veterans Affairs - Christopher H. Smith
Ways and Means - William M. Thomas


Which award are you going for?  the Skankiest Ass Bitch, and Classiest Ho!

 -----Original Message-----
From: 	Lesley Maser <llmaser@degeurinrealty.com>@ENRON
Sent:	Thursday, October 25, 2001 11:25 AM
To:	Dean, Clint
Subject:	RE:

Of course---I was just testing you!

Goto www.clubmonkey.com and click on Pimp and
Prostitute Ball for Houston.  All the details are
there!

---- Clint.Dean@enron.com wrote:
> the party invite, remember
>
>  -----Original Message-----
> From:     Lesley Maser
<llmaser@degeurinrealty.com>@ENRON
> Sent:     Thursday, October 25, 2001 11:20 AM
> To:       Dean, Clint
> Subject:  Re:
>
> email you what???
>
> ---- "Dean, Clint" <Clint.Dean@ENRON.com> wrote:
> > email me, please
> >
> >
> >
>
******************************************************
> ****************
> > This e-mail is the property of Enron Corp. and/or
> its relevant affiliate and may contain confidential
> and privileged material for the sole use of the
> intended recipient (s). Any review, use,
distribution
> or disclosure by others is strictly prohibited. If
> you are not the intended recipient (or authorized to
> receive for the recipient), please contact the
sender
> or reply to Enron Corp. at
> enron.messaging.administration@enron.com and delete
> all copies of the message. This e-mail (and any
> attachments hereto) are not intended to be an offer
> (or an acceptance) and do not create or evidence a
> binding and enforceable contract between Enron Corp.
> (or any of its affiliates) and the intended
recipient
> or any other party, and may not be relied on by
> anyone as the basis of a contract by estoppel or
> otherwise. Thank you.
> >
>
******************************************************
> ****************
> >
> >
>
>
>


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/01/2001 07:43
AM ---------------------------

Paige Record <recordp@southwestern.edu> on 02/28/2001 04:58:11 PM
To: Kay.Mann@enron.com
cc:

Subject: Spring Break

Mom,

I don't remember if I told you I will be home for spring break. Danielle
wants us to go somewhere on our way home (she says Schlitterbahn, but I'm
thinking it'll be coooooold!). So I could be home as early as Friday.
Ashley has mentioned possibly going to her river house maybe on Thursday,
but no matter what, I'll be home for a good chunk of spring break. Just
thought I'd fill you in! Have a great rest of the trip.

Love,

Paige


Chris,

Have you been able to figure out if Enron has billed Ashland for Jan, Feb and
Mar on an old 1022/day Columbia contract?  If so, please let me know so we can
make the appropriate adjustment with the Ashland volumes.

Thanks


Ted:
Lavorato wanted me to check on the $5,000,000 VAR extension.  Is it possible
to get this extended indefinitely until the west basis market settles down?
We will have a good percentage of the west position rolling off over the next
week as well as indices get published.  Please advise ASAP.
John


Barbara, here is my draft of a rehearing request.  As I mentioned, our
outside counsel is going to try to add a few sentences; I haven't heard back
from them, but will send you the revised draft when I do.  I'd be happy to
copy Jay Golub too; please send me his e-mail address.  In the meantime, let
me know if you have any comments.  We plan to file on Monday, Oct. 16.

Thanks,

Susan
713-853-0596


Attached is a draft of the above referenced letter.

Angela D. Davis
Enron North America Corp.
1400 Smith, Suite 3842
Houston, Texas 77002
Tele. (713) 345-8347
Fax:  (713) 646-3393
e-mail:  angela.davis@enron.com


Maureen/Steve,

Please follow the link below for step-by-step procedures on installing the
Cisco IPTV client. If you have any questions please feel free to call me.

Regards,

David
NT Operations

 - Cisco IPTV Installation Instructions
---------------------- Forwarded by David Blankenship/HOU/EES on 02/18/2000
10:14 AM ---------------------------

Michael Slayton
02/18/2000 10:13 AM
To: Bob Hillier/HOU/ECT@ECT
cc: Arshak Sarkissian/HOU/ECT@ECT, Maureen McVicker/HOU/EES@EES, David
Blankenship/HOU/EES@EES
Subject: Re: IP TV viewer

Bob - the WinInstall is available for all EES users. I will have David follow
up with these users.

David - please send Steve & Maureen an e-mail with details of how they can
install IPTV.

Thanks,

Michael

To: Arshak Sarkissian/HOU/ECT@ECT
cc: Michael Slayton/HOU/EES@EES, Maureen McVicker/HOU/EES@EES
Subject: Re: IP TV viewer

Arshak, It appears the Steve and Maureen log into the EES domain.  I have
cc'd Michael Slayton who would be able to assist them with getting the IPTV
client on their computer.  I called Maureen and left her a voice mail in this
regard.

Michael call Chris Bowling if you need any assistance with this.

bbh

Arshak Sarkissian
02/17/2000 04:47 PM
To: Bob Hillier/HOU/ECT@ect
cc:
Subject: IP TV viewer

---------------------- Forwarded by Arshak Sarkissian/HOU/ECT on 02/17/2000
04:03 PM ---------------------------

Maureen McVicker@EES
02/17/2000 03:23 PM
To: Arshak Sarkissian/HOU/ECT@ECT
cc:
Subject: IP TV viewer

Steve Kean and I do not have the IP TV viewer.

Thanks.


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

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


My contact there is John Porter.  His email is:  japorter@tva.gov.  I will
send you the rest of the info as I receive it.  Thanks for your help.

-Joe


Joe Hillings:

 I think that I speak for the rest of the team when I say how grateful we are
that u are there to help us in WDC. All of this would not be possible but for
the hard work and initiative shown by you and ur team in DC. Thank you.

Sanjay

Joe Hillings@ENRON
10/14/99 04:05 AM
To: Lora Sullivan/Corp/Enron@Enron
cc: Joe Allen/Corp/Enron@ENRON, Rob Bradley/Corp/Enron@ENRON, Andrew S
Fastow/HOU/ECT@ECT, Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Brian
Redmond/HOU/ECT@ECT, Chris Long/Corp/Enron@Enron, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis Ulak/EOG/Enron@Enron,
Cynthia Sandherr/Corp/Enron@Enron, Jeffrey Keeler/Corp/Enron@Enron, Scott
Reblitz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marc Eichmann/Corp/Enron@ENRON,
Jay Sparling/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn
Cooney/Corp/Enron@ENRON, Lora Sullivan/Corp/Enron@Enron, Kenneth
Lay/Corp/Enron@Enron, Rosalee Fleming/Corp/Enron@Enron, Steven J
Kean/HOU/EES@EES, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly
Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: OPIC Reauthorization -- Passed in House 10/13/99

To: Steve Kean: Steve, this has been a very good week for Enron. The OPIC
authorization bill was passed by a big margin, the Defense Appropriation bill
giving the President authority to extend the exemptions on India sanctions,
success with the Trade Adjustment Act language important to a problem raised
"recently" by PGE, good news on Cong. Barton's willingness to consider some
positive language in the electricity restructuring bill, etc. Yesterday,
Sudaker Rao called me from the Indian Embassy to read me a letter Ambassador
Chandra wrote to Dean O'Hair , chair of the US-India Business Council
thanking them and Enron by name for the success on the sanctions effort. Our
US WTO Energy Services Coalition grew to 40 members and next week we lead the
US-Bolivia Business Partnership on its trip to Bolivia to meet with President
Banzer and others in the Bolivian political and business leadership.

At Enron, Ken frequently cites the Enron people who involve themselves in
making things happen. I think the items cited above are examples of what Ken
says to all of us. Ken and Rosalee are always ready to get involved as they
did in moving the position letter signed by Ken in the OPIC issue. My group
did the preparation of the letter and moved it to the Hill in a timely
fashion. John Hardy working from material prepared by Kelly Kimberly on the
Cuiba update (the House International Relations Committee senior staff was
worried that it could be used to support some adverse amendment) preped the
staff and drafted a one-pager answer sheet. This over-all effort on the OPIC
issue was repeated on all of the other matters assigned.

It is very rewarding to be part of an organization that constantly works to
win. Ken's right; people do make the difference at Enron. Thanks to all.

Joe

Lora Sullivan
10/13/99 06:27 PM

To: Joe Allen/Corp/Enron@ENRON, Rob Bradley/Corp/Enron@ENRON, Andrew S
Fastow/HOU/ECT@ECT, Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Brian
Redmond/HOU/ECT@ECT, Chris Long/Corp/Enron@Enron, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis Ulak/EOG/Enron@Enron, Joe
Hillings/Corp/Enron@Enron, Cynthia Sandherr/Corp/Enron@Enron, Jeffrey
Keeler/Corp/Enron@Enron, Scott Reblitz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Marc Eichmann/Corp/Enron@ENRON, Jay
Sparling/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn
Cooney/Corp/Enron@ENRON, Lora Sullivan/Corp/Enron@Enron
cc:
Subject: OPIC Reauthorization -- Passed in House 10/13/99

The House just passed a four-year reauthorization of OPIC.  Some amendments
were passed, however, none of them were "killers" for Enron interests.  The
bill will now go to conference and we hope to have final legislation in the
immediate future.

More information to follow.  Thought you'd like the most up-to-date news.

Chris Long


Pam

Thanks

Yes, please, send me the E-mail addresses.

Vince

Pamela Vande Krol Castro <castro@rice.edu> on 01/26/2001 10:40:17 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: MGMT 656

Here are your latest rosters. Let me know if you would like the spreadsheet
with their e-mail addresses as well! - Pam (6223)
 - 656.doc


FYI
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
13/09/99 10:13 AM ---------------------------

Carolina Waingortin
10/09/99 10:15 PM

To:   Diomedes Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Porter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William O
Butler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy
Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roberto Pensotti, Brett R
Wiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve
Pearlman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rodolfo
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Atenor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria Ines
Granado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don
Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff
Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J
Shoobridge/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue
Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cynthia L
Schneider@ENRON_DEVELOPMENT, Julio Casillas, Patricia Cini@ENRON_DEVELOPMENT,
Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allison
Venditti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriela
Aguilar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christine
Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jana
Morse/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pablo
Acevedo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edson
Pavao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Claudia Brun, D'Arcy
Carroll/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Idel
Metzger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peter E
Weidler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Veronica
Leppez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike G
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Remi
Collonges/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ricky Lynn
Waddell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Canovas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diego
Hollweck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, rfawcett@tgs.com.ar, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo
Mulville/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject:  BA Deal Report

Please find attached the document mentioned above.

Let me know if you have any problems with the file.

Thanks.

C.

(See attached file: Ba4_9.doc)

 - Ba4_9.doc


Sophie,

I think it's a fair deal.

Vince

Sophie Kingsley   08/30/2000 11:49 AM

To: Dale Surbey/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Michele Small/LON/ECT@ECT
Subject: Re: Confidential

Both,

Thanks for your comments and comparisons, it is good to get context.

Based on your comments here would be my proposal

o63,500 basic salary -
o15K kickers for each of the 2 years - These are paid as a lump sum on each
anniversary guaranteed.  Therefore guaranteed salary is effectively o78,500 -
this is completely separate and in addition to any performance bonus
Increase the value of options to o60K  to vest 1/3 as before - which leaves a
1/3 ($20,000 ) hanging out there at the end of the contract.

Just FYI - Anjam is currently on o68,000 but does not have an agreement, so
this would effectively put a 10.5K gap between the two.

Let me know your thoughts.

Dale Surbey
30/08/2000 16:09
To: Sophie Kingsley/LON/ECT@ECT
cc:

Subject: Re: Confidential

Sophie,

Here's Vince's comments on your proposal for Steve.  Also, what's a 2-Yr
Exec?  How do the kickers work - are they basically a guaranteed minimum
bonus or incremental bonus?

- Dale

---------------------- Forwarded by Dale Surbey/LON/ECT on 30/08/2000 16:10
---------------------------

Vince J Kaminski
30/08/2000 14:21
To: Dale Surbey/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Confidential

Dale,

Thanks for your message.
I don't know the labor market  in London that well but here the market
for quants is very hot.  Steve is in my view an exceptionally talented person
and I would go an extra mile to retain  him long-term for the company.

I would adjust the base salary or the kicker upward a bit.
o62,000 Basic  is what Anjam is receiving currently  (if I remember
correctly). Steve has a much higher value
to Enron than Anjam.

Vince

Dale Surbey
08/30/2000 07:49 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Confidential

Vince,

This is the package HR is proposing for Steven.  What do you think?

- Dale

---------------------- Forwarded by Dale Surbey/LON/ECT on 30/08/2000 13:50
---------------------------
Sophie Kingsley   29/08/2000 20:32

To: Dale Surbey/LON/ECT@ECT
cc:

Subject: Confidential

Sorry Dale, long day, here are the proposed numbers

2 Year Exec
o62,000 Basic  ( currently o55K )
o10K each year kickers
$50,000 worth of options to vest 1/3 1/3 1/3

Let me know what you think.

Regards

Sophie


Gerald and Stacy -

Attached is a worksheet for a new master physical with Berry Petroleum Company.  Please prepare draft at your earliest convenience and contact me when ready.  I am getting the email address of the Berry Petroleum person to whom we need to send this.

Thanks,

Jay


On 5/17/00, FERC issued an order accepting Entergy's pro forma
interconnection agreement ("IA") and procedures subject to modification.  As
I mentioned earlier, Entergy had adopted some of Enron's suggestion (in
Enron's comments), including limiting emergencies to not include Entergy's
loss of generation.

All transmission must be separately arranged through OASIS -- it is not
included with an interconnection request.
Entergy's interconnection policy will apply to generators that will serve
wholesale, as well as unbundled retail.
Dismisses EPSA's call for a "model" and approves Entergy's pro forma
interconnection agreement, subject to modification.
Agreed with Enron that billing disputes should be placed in escrow, not paid
to Entergy subject to refund (FERC said that the IA should conform to other
aspects of the Order No. 888 tariff--for example, Entergy and customer are
responsible for their own negligence).
Holds that all other terms of the Order No. 888 pro forma tariff apply to the
IA, even if  the IA does not repeat all those provisions.
Clarifies Tenn. Power case that if a generator connects first and another
generator subsequently connects in the same local area and the grid cannot
accommodate "receipt" of power without expansion, the new generator must pay
costs of expansion.
Entergy is required to revise IA to make distinction as to which provisions
are pure "interconnection" and which are applicable when
transmission/delivery is also requested (on OASIS).
Entergy is required to attempt to complete the interconnection studies in a
specific timeline (60 days for 1st iteration --system impact), and to provide
a statement that Entergy will notify applicant of any delay with an
explanation for the delay (Entergy had included no timelines).
If applicant and Entergy cannot agree on IA terms, Entergy must file the
unexecuted agreement at FERC for FERC to decide.
FERC will not initiate a "generic" proceeding at this time, but encourages
all transmission providers to file procedures at FERC.
Approves Entergy's credits for "optional" upgrades (required to transport
power away from the plant), but requires Entergy to file an explanation of
how the credits work.
Entergy will only include prior queued interconnection requests in subsequent
studies once they have signed an interconnection agreement (to show more
intent to actually complete the project).  This does not mean that failure to
execute an IA results in removal from the queue, just that the generator may
be subject to different actual interconnection costs when it connects.  This
is a risk that FERC says is inherent in interconnection.  Entergy will also
post its queue on OASIS.
Reactive power must only be supplied when generator is operating.
Entergy cannot keep the initial $10,000 deposit, unless actual costs are
$10,000 or greater (generator must pay actual costs of studies).
Per Enron's comments, Entergy must pay for energy taken during an emergency
(or explain why that is inappropriate).
Per Enron's comments, Entergy must explain the requirement that the generator
pays for subsequent changes to Entergy's transmission system.

Entergy must submit a compliance tariff within 30 days.  Let me know if you
would like a copy of the order.


You may have seen this when it first came out a while back ... but it's worth
a rerun.
---------------------- Forwarded by Steven J Kean/NA/Enron on 06/13/2001
01:49 PM ---------------------------
From: Ann M Schmidt on 06/13/2001 01:49 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: California's dim bulbs

California's dim bulbs
P J O Rourke

04/01/2001
Regulation
64
Copyright (c) 2001 Bell & Howell Information and Learning Company. All rights
reserved. Copyright Cato Institute Spring 2001

THE FINAL WORD
CALIFORNIA IS IN THE MIDST OF AN ENORmous stupidity crisis. Californians have
been sitting in the dark because ... they didn't turn the lights on.
They say they're short of electricity. Yes, they are. Between 1988 and 1998,
California's electricity consumption increased by 15 percent. Meanwhile
California's capacity to generate electricity shrank by five percent, even as
the state hesitated to build new power lines to tap into neighboring states'
power supplies.
Californians didn't want dams across their rivers, derricks on their ocean,
power lines across their borders, or fossil fuel smoke in their sky. These
might interfere with all the smart things Californians do, such as
hang-glide. California was going to rely on "negawatts" - dramatic power
conservation. (But California regulators put price controls on electricity
that lowered prices, and even Californians weren't dumb enough to skip a
bargain.) And California was going to rely on alternative power generation.
With all the puffery from Silicon Valley dot.com start-ups, wind farms
wouldn't be a problem. And doesn't Gwyneth Paltrow's star shine bright enough
to operate a solar panel? But it turns out that alternative power generation
is an alternative, mostly, to generating power.
Californians are people who insist on growing their own vegetables, but they
won't dig up the pretty lawn, won't plant anything for fear of getting dirty,
and they use fragrant bath salts from The Body Shop instead of smelly
compost. Let them make their crudites with crab grass. President Bush was
wrong to grant an extension of executive orders requiring out-of-state
utilities to supply power to California. And everyone is wrong to listen to
Californians whine about electricity deregulation.
There never was any deregulation. The California Public Utilities Commission
merely changed its regulations, which apparently weren't stupid enough to
meet Golden State standards. Under California's 1996 re-regulation plan,
electric companies sold their generating plants and became distributors. They
were required to buy their power on the wholesale spot market and forbidden
to enter into any long-term power supply contracts. Retail electricity prices
were lowered by 10 percent and frozen at the new rate until March 2002.
This is like requiring A&P to sell you porterhouse at $2 a pound, no matter
what the price of beef on the hoof. Imagine how many steaks there would be,
and how many supermarkets. Go to one of those boarded-up grocery stores,
purchase a phantom T-bone, screw it into a ceiling fixture, and try to light
your house. You're in California.
Californians devised a system of electricity sales that ignored every
dimension of the free market. (Interesting that the "Information Economy" is
centered in a place that's immune to information.) The free market is a
yardstick, and Californians got smacked with it. Mideast oil jitters, cold
weather, natural gas price spikes, and the plain unpredictable freedom of the
free market caused wholesale electricity costs to rise and California
utilities to go $12 billion into the red.
California's governor Gray Davis responded with the full force of bikini
beach brain. In a January 8 speech to the state legislature, Davis proposed
creating a state agency to buy generating plants and build new ones. He
threatened to expropriate power generators and transmission grids. He called
for laws to allow criminal prosecution of wholesale suppliers who withheld
electricity from California markets. And he said the state's universities and
community colleges would build co-generating plants and become energy
independent. (With gas produced by the cafeteria food?) Gray Davis sounded
like Joseph Stalin with the IQ of Keanu Reeves. "Everyone should understand
that there are other, more drastic measures that I am prepared to take if I
have to," Davis declaimed.
"Take" is the key word. Grabby Californians tried to regulate themselves into
some cheap electricity. Hoggish California power companies went along because
the stateimposed retail price ceiling was also a retail price floor.
According to the Los Angeles Times, during the first 28 months of the scheme,
Pacific Gas and Electric and California Edison made $20 billion from the
legally required mark-up between wholesale and retail electric prices.
Californians want to snatch that money back. "Consumer advocates around
California... said it did not matter that the utilities were returning
investments to their shareholders," reported the January 31 Washington Post.
"They took the money and ran," said state senator John Burton. As opposed to
Californians, who took the electricity and roller-bladed? Now the juice and
the jack are both gone, and the California legislature has had to pass a bill
authorizing $10 billion to try to clean up the mess.
But the Californians could still pull a scam. The bill mandates long-term
power contracts at rates that are way above what future prices should be. The
hope, one guesses, is that Congress, or the President, or somebody will let
the state skip out on those contracts once the costs are lower.
It would be wrong to call Californians stupid. They're sleazy, too.
R J. O'Rourke is the Cato Institute's H. L. Mencken Research Fellow and is
foreign affairs desk chief for Rolling Stone. He is author of several
bestselling books, including Parliament of Whores, Give War a Chance, Age and
Guile, and Eat the Rich.

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


William,   things look better  but,    George does not have access to the EPMI Hourly Ercot book.       This is the book that he trades primarily.
He also needs EPMI Ercot Asset.

Thanks,
JMF

 -----Original Message-----
From: 	Crooks, William
Sent:	Monday, October 22, 2001 1:26 PM
To:	Forney, John M.
Subject:	RE: George Phillips

John:

	Have him log out of EnPower, log back in and try again.  I've got him set up in Blotter with East portfolio.  Let me know if this did not work.

Regards,
Bill x53492

 -----Original Message-----
From: 	Forney, John M.
Sent:	Monday, October 22, 2001 1:22 PM
To:	Crooks, William
Subject:	RE: George Phillips

The Resolution desk has given me the password.   However,  George was not set up in deal blotter under North America,  East Region.   I have since submitted another E-request for George.   The reason is,   he cannot log onto blotter or create deals under his name.
Can you watch out for this?

JMF

 -----Original Message-----
From: 	Crooks, William
Sent:	Monday, October 22, 2001 1:08 PM
To:	Forney, John M.
Subject:	George Phillips

John:

	The user ID was apparently set to GPHILLIP  The password should be the same.  If that does not work, please let me know.

Regards,
Bill x53492