I hope you are talking to Phillip to get you system needs as part of this
project.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 10/08/2000
07:55 PM ---------------------------
Beth Perlman @ ECT   10/06/2000 09:25 AM

To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Consolidated positions: Issues & To Do list

John,

We are working with the traders and have pushed the responsibility for
building consensus on Phillip Allen.  I just wanted to keep you in the loop.
Any assistance that you can offer is greatly appreciated.

Beth

----- Forwarded by Beth Perlman/HOU/ECT on 10/06/2000 09:22 AM -----

	Richard Burchfield
	10/06/2000 08:59 AM

		 To: Phillip K Allen/HOU/ECT@ECT
		 cc: Beth Perlman/HOU/ECT@ECT
		 Subject: Consolidated positions: Issues & To Do list

Phillip,
 Below is the issues & to do list as we go forward with documenting the
requirements for consolidated physical/financial positions and transport
trade capture. What we need to focus on is the first bullet in Allan's list;
the need for a single set of requirements. Although the meeting with Keith,
on Wednesday,  was informative the solution of creating a infinitely dynamic
consolidated position screen, will be extremely difficult and time
consuming.  Throughout the meeting on Wednesday, Keith alluded to the
inability to get consensus amongst the traders on the presentation of the
consolidated position, so the solution was to make it so that a trader can
arrange the position screen to their liking (much like Excel). What needs to
happen on Monday from 3 - 5 is a effort to design a desired layout for the
consolidated position screen, this is critical. This does not exclude
building a capability to create a more flexible position presentation for the
future, but in order to create a plan that can be measured we need firm
requirements. Also, to reiterate that the goals of this project is a project
plan on consolidate physical/financial positions and transport trade capture.
The other issues that have been raised will be capture as projects on to
themselves, and will need to be prioritised as efforts outside of this
project.

I have been involved in most of the meetings and the discussions have been
good. I believe there has been good communication between the teams, but now
we need to have focus on the objectives we set out to solve.

Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 10/06/2000
08:34 AM ---------------------------

Allan Severude
10/05/2000 06:03 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: Peggy Alix/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Kenny Ha/HOU/ECT@ECT
Subject: Consolidated positions: Issues & To Do list

From our initial set of meetings with the traders regarding consolidated
positions, I think we still have the following issues:
We don't have a single point of contact from the trading group.  We've had
three meetings which brought out very different issues from different
traders.  We really need a single point of contact to help drive the trader
requirements and help come to a consensus regarding the requirements.
We're getting hit with a lot of different requests, many of which appear to
be outside the scope of position consolidation.

Things left to do:
I think it may be useful to try to formulate a high level project goal to
make it as clear as possible what we're trying to accomplish with this
project.  It'll help determine which requests fall under the project scope.
Go through the list of requests to determine which are in scope for this
project and which fall out of scope.
For those in scope, work to define relative importance (priority) of each and
work with traders to define the exact requirements of each.
Define the desired lay out of the position manager screen: main view and all
drill downs.
Use the above to formulate a project plan.

Things requested thus far (no particular order):
Inclusion of Sitara physical deals into the TDS position manager and deal
ticker.
Customized rows and columns in the position manager (ad hoc rows/columns that
add up existing position manager rows/columns).
New drill down in the position manager to break out positions by: physical,
transport, swaps, options, ...
Addition of a curve tab to the position manager to show the real-time values
of all curves on which the desk has a position.
Ability to split the current position grid to allow daily positions to be
shown directly above monthly positions.  Each grouped column in the top grid
would be tied to a grouped column in the bottom grid.
Ability to properly show curve shift for float-for-float deals; determine the
appropriate positions to show for each:
Gas Daily for monthly index,
Physical gas for Nymex,
Physical gas for Inside Ferc,
Physical gas for Mid market.
Ability for TDS to pull valuation results based on a TDS flag instead of
using official valuations.
Position and P&L aggregation across all gas desks.
Ability to include the Gas Price book into TDS:
Inclusion of spread options in our systems.  Ability to handle volatility
skew and correlations.
Ability to revalue all options incrementally throughout the trading day.
Approximate delta changes between valuations using instantaneous gamma or a
gamma grid.
Valuation of Gas Daily options.
A new position screen for options (months x strike x delta).  TBD.
Inclusion of positions for exotic options currently managed in spreadsheets.
Ability to isolate the position change due to changed deals in the position
manager.
Ability to view change deal P&L in the TDS deal ticker.  Show new deal terms,
prior deal terms, and net P&L affect of the change.
Eliminate change deals with no economic impact from the TDS deal ticker.
Position drill down in the position manager to isolate the impact of
individual deals on the position total in a grid cell.
Benchmark positions in TDS.
Deployment of TDS in Canada. Currency and volume uom conversions. Implicit
and explicit position break out issues.

-- Allan.

PS: Colleen is setting up a meeting tomorrow to discuss the direction for
transport.  Hopefully we'll know much better where that part stands at that
point.


Ahoy young Williams.  Where do you want to play golf on Friday?   I think
something in North or East Portland would be cool.  We definitely need to
get a pony keg for the bbq Friday afternoon.  The note I sent at work is
copied below.  Only a couple people have responded.
Later.
-Kuehn

 -----Original Message-----
From: 	Kuehn, M Scott
Sent:	Tuesday, June 26, 2001 2:56 PM
To:	Szatkiewicz, Jason M; Staneff, Matthew A; Breuer, Lisa A; Nicholson,
Bradley A; Hroncich, Timothy B; McGuire, Mike; Junker, Richard D; Behunin,
Abigail J; Greenfield, Scott D; Jarman, Parry W; Tseng, Nancy H; Maloney,
Paul; Bunnell, Lisa A; Lee, Ken; Corless, Preston L; Lowell, Randall W;
Hass, Sam M; Hess, Mike J; Billa, Roberto A
Subject:	Timbers game this Friday

To all,
The Portland Timbers are playing this Friday evening.  Admission is ~$5 and
the game starts at 7pm.  These games are a blast and it would be fun if we
could get a group together.  There will be a pre-party at my house from
5:30-7:00.  Please let me know if you would like to go.

Also, Please forward this message to anyone else in your team that would be
interested.
Directions to my house and PGE park are attached.

Directions to my house (we will be in the backyard):
http://maps.yahoo.com/py/maps.py?BFCat=&Pyt=Tmap&newFL=Use+Address+Below&add
r=2349+NW+Flanders&csz=Portland+OR+97210&country=us&Get%A0Map=Get+Map

Portland Timbers/PGE Park info:
http://www.pgepark.com/timbers/schedule.cfm

-Scott


Rick,

I asked the same question last week but have not received a response........

Rick Willson@ENRON_DEVELOPMENT

02/28/2001 06:54 AM

To: Ken Rice/Enron Communications@ENRON COMMUNICATIONS@ENRON
cc: The eThink Team@ENRON, All Enron Worldwide@ENRON

Subject: Re: Talk to Joe Sutton on eSpeak Today!

Are we having a little problem or what?  I am getting eSpeak announcements
from last year and the year before!


There have been several inquiries about the scheduling of certain
witnesses.  To attempt to accommodate these scheduling issues, there will be
a meeting to discuss the scheduling of cross examination on Thursday April
5, 2001 at 1:30 pm in the Rates Hearing Room, 223, of the 911 Building.  A
telephone bridge has been arranged for those unable to attend the meeting in
person.  The number for the bridge is 503-230-3344.  The Passcode is 7317.
To connect to the bridge, dial the phone number, wait for the double beep,
then dial the Passcode.  If you have trouble connecting to the bridge,
please call the General Counsel Receptionist at 503-230-4201.  Questions
should be directed to Sarah Westenberg at 503-230-4753 or Peter Burger at
503-230-4148.


-----Original Message-----
From: 	Webb, Jay
Sent:	Tuesday, October 23, 2001 5:57 PM
To:	Puthigai, Savita; Richter, Brad
Subject:	positions

The following spreadsheets represent net generated positions on bullets and strips through the date indicated on the name of the spreadsheet.  I only looked back 90 days, so it won't include any of the strip trading (not a lot) done prior to July 25.  If you want me to have these included, let me know.

Thanks!
 --jay


It appeared to me that a GSA would be most appropriate for this work.  In speaking with some other EBS lawyers, I was told that Adriana could craft the work order/addendum to go with the GSA.  Please let me know if this is incorrect.

Kay

 -----Original Message-----
From: 	Bonhame, Brenda
Sent:	Friday, November 02, 2001 2:49 PM
To:	Bonhame, Brenda; Wynn, Adriana; Mann, Kay
Cc:	Grimm, Allan
Subject:	RE: Draft Contract for Plant Protection Service Houston to New Orleans (Jode Corp)

I forgot to include the draft copy (it's been one of those days)

 << File: Interim Agreement for Jode Corp.doc >>


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Check out the title of the exhibit.

http://www.cnn.com/2001/US/02/16/museum.flap.ap/index.html


i went to grab some pizza, ate and then passed out.  those shot i did with those girls wolly knew put me over the edge.  sorry about taking off like that.  i had a good time, but i ran out of energy quick.

 -----Original Message-----
From: 	Landry, Chad
Sent:	Monday, October 22, 2001 11:16 AM
To:	Lenhart, Matthew
Subject:	RE: TheStreet: Trusts Keeping Enron Off Balance

what happened to you at CAT"S?  we could not find you.

CKL

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Monday, October 22, 2001 10:59 AM
To:	Landry, Chad
Subject:	RE: TheStreet: Trusts Keeping Enron Off Balance

this is unbelievable.  seems like the worst is yet to come.  if they have to end up issuing more stock this thing can go to $10.

 -----Original Message-----
From: 	Landry, Chad
Sent:	Monday, October 22, 2001 10:27 AM
To:	Lenhart, Matthew; Bass, Eric; Plauche, Stephen
Subject:	FW: TheStreet: Trusts Keeping Enron Off Balance

hey plauch, still think it is impossible for this stock to take on a one-handle.  just read below.

ckl

 -----Original Message-----
From: 	Kiani-Aslani, John
Sent:	Monday, October 22, 2001 8:33 AM
To:	Gonzalez, Andrea
Subject:	TheStreet: Trusts Keeping Enron Off Balance

 << File: Trusts Keeping Enron Off Balance.htm >>


SBX 28 (Sher), related to expedited siting, passed out of both houses
today and was sent to Governor Davis.  The bill was amended to remove
the unemployment provisions which the Chamber and Manufacturers objected
to.  Some of the key provisions of the bill are as follows:

Expedites various CEC procedures for siting power plants;

Limits to 45 days and 100 days, until January 1, 2004, a local
jurisdiction's time for initial review and final review, respectively,
of an application submitted to the CEC;

Requires CEC to certify repowering projects within 180 days;

Extends from August 1, 2001 to December 31, 2002, the date by which
temporary "peaker" power plants must be in
service so as to qualify for the four-month siting process.

Requires ARB to develop expedited programs for retrofitting and
identifying and banking of emission credits;

Requires air districts to adopt an expedited program for permitting of
standby or distributed generation facilities and natural gas
transmission facilities;

Authorizes payment to air districts of mitigation fees for a new power
plant in lieu of obtaining actual emissions offsets, when the owner or
operator of the plant has shown that offsets are not available;

Waives conditionally, for a period of 10 years, standby charges imposed
by electrical corporations on customers who have installed non-gas-fired
distributed generation equipment five megawatts or smaller that commence
operation by September 1, 2002.  Provides that the waiver for gas-fired
units shall only apply until June 1, 2006.

Permits a gas corporation, until June 1, 2002, to exercise the power of
eminent domain to condemn any property for the purpose of competing with
another entity  in the offering of natural gas and services related to
natural gas.  Additionally, until June 1, 2002, prohibits CPUC from
making a finding on a petition or complaint  filed pursuant to Section
625 of the Public Utilities Code, and requires CPUC to dismiss the
petition or complaint.

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_28_bill_20010423_amended
_asm.pdf


Sure you can. We will confirm on the details we have from James below.

Thanks
Ellen
x54099

MARY THERESA FRANKLIN@ECT
12/08/2000 03:27 PM
To: Ellen Wallumrod/NA/Enron@ENRON
cc:

Subject: Re: Cedar Resources

Yes, I'm going to start doing his deals also...   I'm seeing more than one
that needs to be revised, can I wait to fix these on Monday?  The East Desk
is having problems with their tie outs and it would really help if I stop
changing things.

Ellen Wallumrod@ENRON
12/08/2000 03:09 PM
To: Mary Theresa Franklin/HOU/ECT@ECT
cc: James T Javins/DUB/EES@EES, Debra Perlingiere/HOU/ECT@ECT
Subject: Cedar Resources

Terry,

Not sure if you look after James's deals as well as John Singer, but
hopefully you can help with this.

Could you please look at deals QB6364.1 / 220477 and QB6332.1 / 220477, they
should match up with James's deals below, but they don't ....?

Do they need to be revised ?

Rgds
Ellen

---------------------- Forwarded by Ellen Wallumrod/NA/Enron on 12/08/2000
02:52 PM ---------------------------

DEBRA PERLINGIERE@ECT
12/08/2000 11:52 AM
To: Ellen Wallumrod/NA/Enron@ENRON
cc:

Subject: Cedar Resources

Attached is Jim's e-mail regarding Cedar Resources deals.  We have a
disparity.   I will confirm as below unless I hear from you as different.

Thanks
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

----- Forwarded by Debra Perlingiere/HOU/ECT on 12/08/2000 11:47 AM -----

	James T Javins@EES
	12/08/2000 11:29 AM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: Cedar Resources

There were two Cedar Resource deals:

 No. 1   12/1/2000 through 11/30/2002 (two years)  1000/month @ $4.83/dth

 No. 2 12/1/2000 through 11/30/2001 (one year)  1500/month @ $5.30/dth

Hope this helps.

Jim


so what time are you leaving


Sorry to hear your news. Thanks for letting me know. Rick


George

 Saturday night sounds great, Darlene is in South Africa for the next 2 weeks
so I'm ready. Call me at home 713-588-5176 or at work 713-853-3917.
 Golf also sound good, another guy from Calgary who now works down here Chris
Dorland, I think you've met him before, wants to golf as well.
 Look forward to seeing you.

    Rob


Attached is the letter agreement which extended the EE&CC confidentiality
agreement to our deal.  Please review and if it looks OK, print out on ENA
letterhead two copies for execution.  I will need an original when it is
executed.


[IMAGE]
 	 	    Dear Eric,  I'm Washington Bureau Chief Peter Cook filling in for Jay Rickerts.    Next week from the Washington bureau, we'll keep you updated on a new effort on Capitol Hill to rush energy legislation through Congress.  Senator James Inhofe of Oklahoma is one of many making the push with hopes of attaching the comprehensive energy bill that has already cleared the House to a Defense Appropriations bill in the Senate.  If successful, the energy bill could be voted on as early as next week.   Next Wednesday marks the first FERC meeting for new Chairman  Pat Wood.  The Commission's last meeting was canceled due to terrorist attacks on Washington, D.C. and New York City.  The Senate Energy and Natural Resources Committee will also meet on Wednesday to discuss possible legislation on securing the nation's energy infrastructure.  We'll have updates on these events from the Washington bureau next week.    Houston Correspondent Kim Benestante will be covering the Houston Energy Dialogue 2001 Conference that begins on Monday.  The Indonesian Minister of Energy and Mineral Resources is expected to be there along with other delegates from Indonesia.  Kim will bring us updates from the conference next week.   The Houston bureau will also bring us a report on U.S. rigs and how their numbers are down.  Raymond James & Associates John Tasdemir talks about the reasons for the low rig count next week.   Also next week from Houston, Stolt Offshore Vice President  Gordon Barksdale is penciled in to join us.  Barksdale will talk about the company's achievement of a high "lay rate" for a large diameter pipe on the Williams East Breaks pipelay project.    Finally from Houston, ENL's Gale Smith will bring us a report on a  Rice University program dedicated to studying solar weather.  Join us for these reports and interviews from Houston next week.   Spokesperson for CAL ISO Greg Fishman will talk about new agreements between the grid operator and renewable energy resources.  ENL's Kym McNicholas also says Fishman is expected to give a load and supply forecast for the month of October.   Also on Monday, the California Energy Commission is expected to vote on possible changes to the power plant siting process.  The changes could potentially give applicants a greater opportunity to communicate with the staff.  Kym will follow any progress from the Commission next week.   Kym will talk more with Phoenix Consulting Principal Susan Schneider next Tuesday.  Schneider will join us from the West Coast bureau to discuss her concerns with PG?Corporation and Pacific Gas & Electric Company's reorganization plan.   Keep in mind things are subject to change at a moment's notice.  Occasionally guests cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of every hour.     Keep it on energynewslive.com  for all your energy news.
 			[IMAGE]
	 	Peter Cook, EnergyNewsLive.com Washington Correspondent  View today's Energy Wrap  video: (Windows Media Player required) Broadband  (100k)   |  Dial-up  (56k)  Get  Windows Media Player   Experience all that Williams Energy  News Live has to offer!   If you are receiving this letter for the first time and wish to continue,  subscribe now    To stop receiving this letter,   unsubscribe now     If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


I will FEDEX the tickets.   Party hard for me.  G,  You need to come to
Houston when you get a chance and well have a good time.

"Townsend, George" <gtownsend@manorisd.net> on 11/10/99 11:42:41 AM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: RE:

Gerald,

Dude, what are you thinking about? Just kidding. I hope we kick their ass.
Listen.. send me the tickets overnight to 10300 hwy 290 east. Manor I.S.D.
annex office George Townsend Manor TX 78653. My bro will pay you 50 for each
again. Sorry you can't make it.

We are getting a chartered bus for the Big XII Championship so get tickets
and come to Austin. Have you been chasing any women lately? Pick a good
weekend and I'll come to Houston to watch or video.

Hook em
GT

> -----Original Message-----
> From: Gerald Nemec [SMTP:gnemec@ect.enron.com]
> Sent: Wednesday, November 10, 1999 11:17 AM
> To: Townsend, George
> Subject: Re:
>
>
>
> GT,  I won't be able to come in for the game this weekend.  I am taking a
> scuba
> diving class and I have open water dives on both Saturday and Sunday.  I
> am
> kinda pissed off at myself that I didn't realize this when I signed up for
> the
> class but now I am committed.  I will still sell the tickets to your
> brother and
> nephew if they want them though.  I can FEDEX the tickets to you by Friday
> or
> worst case, just have the ticket office leave passes for the seats at will
> call.
> Let me know.
>
> G,
>
>
>
>
>
>
> "Townsend, George" <gtownsend@manorisd.net> on 11/08/99 08:36:56 AM
>
> To:   Gerald Nemec/HOU/ECT@ECT
> cc:
> Subject:
>
>
>
> G,
>
> How's it going? Are you ready for some football? The tailgate is going to
> be
> another wild one. Hey, my brother and nephew are coming into town. Do you
> want to sell your tickets for a c-note and sit with me again? Also, what
> day
> are you coming in? Let me know.
>
> GT
>
>
>


The following three products will begin trading today on Dynegydirect.
Please take a few moments to add them to your trading floor.

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US  NG  BasisSwp  NWPL Rky  Dec01-Mar02  Usd/MMBtu
US  NG  FP Swap  Nymex  Dec01-Mar02  Usd/MMBtu

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International  +1.713.388.6002


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                    Wednesday, December 6, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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COMVERSE NETWORKS A GOOD QUARTER
Comverse Technology reported estimate-beating third-quarter
results after the bell yesterday.

By LouAnn Lofton

Comverse Technology (Nasdaq: CMVT) reported third-quarter
earnings yesterday after the bell. The company, which makes
systems and software for telecommunications, had an increase in
revenues of 37% and net income growth of 52% when compared to
the third quarter last year.

Comverse's sales improved to $317.97 million versus $232.89
million in the year-ago period. Comverse earned $68.41 million,
excluding one-time charges for acquisitions, up from last year's
$44.96 million. The company beat the consensus estimate
according to First Call by two cents with earnings per share of
$0.38. Comverse had earnings per share in last year's third
quarter of $0.28.

In the third quarter, Comverse acquired Exalink and Gaya
Software. The company took an after-tax charge of $4 million for
costs related to the purchases of those businesses.

Comverse improved gross margins to 62.6% from 61.4% in last
year's third quarter. The company also increased its net margins
from 19.3% to 21.5%.

Driving the results for Comverse was strong demand for the
company's products from wireless providers. A majority of
Comverse's sales are to wireless network operators.

AFTER-HOURS COVERAGE

WORMS IN APPLE'S HOLIDAY QUARTER
By John Del Vecchio and Dave Marino-Nachison
With Gateway warning of a poor start to the holiday season less
than a week ago, there was definitely reason to figure that
Apple wouldn't be far behind in warning about near-term profits.
But in its most-recent quarter, Apple was the victim of its own
poor execution. How low can this cash-rich company's shares go?
FULL STORY>>
http://www.fool.com/m.asp?i=230061

GREENSPAN SPEAKS, STOCKS ROCKET
By Bill Mann
In a New York speech, Federal Reserve Chairman Alan Greenspan
said he is convinced that the torrid pace of economic growth
fueled by access to easy money has slowed. Greenspan remarked on
the fact that technology advancements have given the country
nearly unprecedented ability to gain efficiency -- but many
players in the high-tech market got to the game too late. Should
the economy slow too much, the Fed may just drop rates next
year. For now, though, the tightening bias is a thing of the
past. FULL STORY>>
http://www.fool.com/m.asp?i=230062
_________________________________________________________________

NEWS TO GO

Home Depot (NYSE: HD) and 3M (NYSE: MM) have new chiefs and
they're both from General Electric (NYSE: GE). Home Depot named
Robert L. Nardelli its new president and CEO effective
immediately. 3M picked W. James McNerney Jr. as the company's
new chairman and CEO. Nardelli had been president and CEO of GE
Power Systems, and McNerney was head of GE Aircraft Engines.
Both men were being considered as replacements for GE's chairman
Jack Welsh, but were passed over in favor of fellow GE-er
Jeffrey Immelt.

Car parts retailer AutoZone (NYSE: AZO) reported a drop in
first-quarter earnings yesterday. The company's net income was
$53.8 million, down from last year's $56 million. Sales grew 6%
to $1.06 billion. Buoyed by share repurchases, AutoZone
increased earnings per share to $0.46 from the year-ago period's
$0.40. The company blamed the net income shortfall on "a
difficult sales environment."

Data storage company EMC (NYSE: EMC) said this morning that it
expects fourth-quarter earnings to increase by at least 55% over
last year's Q4 results. The company also thinks revenues will
grow to $12 billion in 2001. CEO Michael Ruettgers said in an
interview with Reuters that his company is "very comfortable"
with the current 2001 revenue projections, which are almost
double the company's 1999 levels.

Lante Group (Nasdaq: LNTE), an Internet consulting business, is
cutting its staff by 19%. This translates to about 120 jobs, and
the closure of the company's Singapore and Delhi offices. After
the cut-backs, Lante will have around 500 employees. Lante hopes
to save around $4 million with the reductions, starting in the
first quarter of 2001. The company is trying to become "cash
break-even" during the first half of 2001. Lante's president and
CEO, Rudy Puryear, said, "We did not react as quickly as we
should have to the speed and magnitude of this dramatically
changing environment. As a result, we are disappointed with our
recent financial results. Moreover, the decision to reduce our
workforce was very difficult, but necessary. We are implementing
several steps to reposition the business to grow revenue and
achieve profitability in the coming year."
_________________________________________________________________

EDITORS' PICK

Despite the recent volatility, aspects of the storage industry
are growing quickly.
http://www.fool.com/m.asp?i=230063
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MsgId:
msg-10203-2000-12-06_9-20-16-3361665_2_Plain_MessageAddress.msg-09:26:12(12-06
-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Lisa,

The previous draft of the notice just mentioned the assignment and assumption
agreement, so I went generic with closing docs.  Happy to list them
individually, however.  I live off of lists.

Kay

Lisa Bills
01/03/2001 02:17 PM
To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron, Catherine
Clark/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON, Roger
Ondreko/HOU/ECT@ECT

Subject: Re: CA Development I and II notice of exercise of purchase option

Kay, in your letter you mention that a draft of the purchase agreement would
follow.  You will need to provide the execution copies of the Purchase Option
Assignment and Assumption Agreement and the Bill of Sale.  These should be
noted in the Notice Letter.

As the letter is dated the 5th and I promised the bank the package of
documents today for review (the release letter from the manufacturers being
the one which will have the most comments), any e.t.a.?

Thanks, Lisa

Kay Mann
01/03/2001 08:28 AM
To: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Rebecca
Walker/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron
cc: Catherine Clark/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Roseann
Engeldorf/Corp/Enron@ENRON

Subject: CA Development I and II notice of exercise of purchase option

I am attaching a revised draft notice of intent to exercise the purchase
option for the equipment for the CA transactions. We need two separate
notices - one for CA I and one for CA II.  Ben/Fred/Rebecca, could you please
prepare a draft of the two exhibits?

Lisa/Catherine/Rose, I revised the form of notice to make it track the
participation agreement and the development and construction management
agreement.

I've tentatively dated the notice as of this Friday.  By my calculations,
Monday is our drop dead date since a waiver of the 5 day period is not an
option, and the deal dies if not closed by the 15th.

Ben mentioned that I should be drafting a "release letter" for the banks
and/or DevCo. It would be a big help if someone could point me to the section
in the documents which set forth the requirements of the release, since I'm
still wading through it all and haven't found the relevant language yet.
Also, please advise of the results of the conference call which you had with
the lenders (?) and/or their lawyers regarding the issue.

I am working on the assignment and assumption agreement.

Thanks,

Kay


I'll take two ,,, if possible


Please decrease deliveries to Eastrans to 0 MMBtu/dy for 10/4/00.

The redeliveries wil be 0 as well.


Ladies and Gentlemen,

Many of you have received the Six Sigma Green Belt Training CD.  If you have
not, contact your supervisor or Jeri Fish to obtain a copy.
All salaried GE Wind Energy employees are required to qualify as a "Green
Belt", and others are invited to participate in this program as well. It is
my understanding that we each will be required to perform one Six Sigma
project during our first year as GE Wind Energy employees.  We will be
measured to some extent by our Six Sigma project participation and successful
implementation of the methods presented in the CD-ROM.  Annual performance
evaluation, advancement in the organization, and salary level are all
influenced by our Six Sigma related performance.

You recently heard Nicoa Dunne announce that GE Wind Energy had accomplished
the integration process in shorter time than any other GE acquisition.  Our
leadership group is proud of that achievement and has raised the bar by
putting out the challenge to have all GE Wind Energy salaried personnel
become Green belts in a shorter time than any other GE business unit.  I am
asking you to do your part as a member of the Services team by successfully
completing the study requirements and tests given in the CD for Green Belt
qualification before July 15, 2002.  You may use time during work to study
the material and take the test.

Please see me to pick up your personal copy of the CD-ROM so that you can get
started.  Following your completion of the CDROM study requirements, there
will be a 3-day Green Belt 6-Sigma Training class for all parties that have
participated.


Mr. Taylor:
Here are the emissions data files from the appropriate State Summary Files for the years 1997, 1998, 1999.  The attached files are in Excel v. 5 format.  If Excel v. 5 format is not acceptable I will be able to send them to you in ASCII.TXT, comma-delimited, first row of data used as field names format.  Let me know if you want them in the latter described format.  This data is just for the TNRCC account numbers supplied in your request.

Please let me know if this data is acceptable.  There is no charge for this data because it is not the entire State Summary File for each year.

I want to thank you for typing the account numbers.  This saves me considerable typing time when setting up the queries.

If you have any questions or need additional data, you may contact me at the locations listed below.  Thank you for the opportunity to serve your data request.
Jim Parks
PH     512 239-2544
FAX   512 239-0888
jparks@tnrcc.state.tx.us

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 09/25/01 01:37PM >>>
Jim,

I wanted to know how I would find this data.  I am looking for the NOx
emissions for the accounts below for 1997-2000.  I have some of the data
for 1999, and very little for 2000.  How do I find the rest of the data?
Website?  Database?  I believe you sent me the state database in August
which included some 1999 and 2000 numbers for the accounts below.  I
suppose some more accounts may have been updated for 2000.

ACCOUNT #
HG1495V
HG0071Q
GB0004L
GB0153Q
HG1174V
HG0713S
MQ0009F
HG0232Q
HG0234M
HG0228H
MQ0007J
HG0033B
HG0048L
FG0020V
GB0037T
CI0012D
HG0659W
BL0082R
BL0022M

Sincerely,
Michael Taylor
Enron Global Markets
(713) 853-1885

-----Original Message-----
From: Jim Parks [mailto:JPARKS@tnrcc.state.tx.us]
Sent: Thursday, August 23, 2001 3:48 PM
To: Taylor, Michael E
Subject: RE: TNRCC State Summary File

Mr. Taylor:
1)  The allowable data is generally unique to each permit.  Because of
this a general statement like "the allowable tons/year for SO2 in Harris
County is ......." would not be defendable or valid.
2)  I believe that the allowable data varies in relation to the season
of year and part of the state - a.k.a., "ambient background threshold".
In other words, if it is ozone season, allowable emissions probably
would be lower.
3)  The allowable emissions threshold is also variable over time.  25
years ago, Harris county probably did not need an allowable cap for
certain emissions.  As industry grows the allowable emissions will be
adjusted.  The period of time for the data to become outdated could be
as little as 1 month, depending on when new allowables or new permits
are initiated.
4)  Texas charges corporations a "tax" for emissions over their
allowable limit.  It is sort of a pay-as-you-go plan.  Of course I am
being very simplistic here, but the point is still the same.

Your questions are excellent and I am giving you as specific an answer
as possible.  I hope I am not being too pointed but to the data oriented
person, the previous points are important for data integrity.  Jim Parks

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 08/23/01 03:10PM
>>>
Jim,

Could you please explain to me where these numbers would NOT be
accurate?  I was warned that the data (allowables) would not be 100%
accurate because of certain reasons.  Can you please detail those
reasons for me?

Michael Taylor
Coal and Emissions Trading
Enron Global Markets
(713) 853-1885

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


Attached is GPG's report for October 2000.


You are all just envious of the relationships that I have develped with the
other fantasy owners, that enable me to help improve both teams through trade
:)

Phillip M Love
10/16/2000 08:50 AM
To: Bryan Hull/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, Harry
Bucalo/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT
Subject: Re: Fantasy Basketball

I think that last comment should have been directed solely to O'Neal.
PL


Please add my name to future emails concerning TX SET activity.
Thank you,
Bernie Acre
Division Manager
Information Technology
Bryan Texas Utilities
P: 979-821-5762
F: 979-821-5795
bacre@btutilities.com


The vision is coming into focus and it has a new name!

Over the past several months, the IT Help Desks at Enron Net Works have
incorporated new processes and methodologies to optimize customer service
delivery.  As part of this effort, we have implemented a new name -
Resolution Center.   The following IT Help Desks are included in this
initiative:

Enron Corporation   3.1411
Enron North America  3.4888
International Offices  6.7757

For more information, look for our ads on ETV, the posters on the 6th floor
in 3 Allen Center and in the Lobby of the Enron Building, or visit
http://itcentral.enron.com.

To learn more about our new services, come visit members of the Resolution
Center team in the Enron Building Lobby between 11:00 a.m. and 1:00 p.m. on
Tuesday, September 5th.  We look forward to seeing you there!


The Anadarko project is located approx 3 mi due west of Carthage, TX  in Panola Co.
The Duke project is located 2 mi NW of the town of Falfurrias in Jim Wells Co. TX

Both projects contemplate an eletrical drive retrofit of existing gas compression facilities. The Anadarko project is 12,000 Hp and the Duke project is 20,000 Hp.

Let me know if you need any additional info.

Thanks

 -----Original Message-----
From: 	Higgins, Ned
Sent:	Tuesday, June 19, 2001 3:01 PM
To:	Nemec, Gerald
Subject:	CA's

Per my previous voice mail, could you please prepare CA's for both:  Anadarko Petroleum Corporation,  1200 Timberloch Place, The Woodlands, TX  77251 and Duke Energy Field Services,  5718 Westheimer, Ste 2000, Houston, TX 77057. As mentioned both CA's are for the purposes of data sharing relative to Elec. compression projects.


PIRA is coming in May to do their semi-annual energy outlook.

Greg Shuttlesworth- North American Natural Gas --- May 14th 3-5 pm (30 C1)
? New Production Outlook
? Price Direction
? Demand Fundamentals

Dr. Gary Ross - World Oil Outlook --- May 16th 7-8:30 am --32C2
? OIl/ Demand/ supply Outlook
? Regional balances
? OPEC Rhetoric

Jen Fraser
34759


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*****************************************************************
SIVY ON STOCKS from money.com
November 29, 2000

Fix your mix

In volatile markets like this one, sectors behave in radically different
ways. Here's what you need to know to find today's best opportunities.

By Michael Sivy

When the economy is purring along, most stock groups rise and fall
together. But amid uncertainty and turmoil, different groups suffer at
different times and rebound with varying delays. That's what's been
happening this year, and investors preparing for 2001 need to examine each
sector independently to find the best bargains and to minimize risk.

Since January, there have been three big divergences in the market. The
first has been between tech stocks and defensive groups. The second has
been between issues with high P/Es and those with low P/Es. And the third
has been between companies with big market capitalizations and those with
small caps.

After many months of leadership, tech stocks peaked in March and have
declined as evidence of an economic slowdown accumulated. Technology
companies began warning that their earnings might fall short in upcoming
quarters, and the entire sector suffered as money managers and individual
investors began reducing their exposure. By Thanksgiving, even the
strongest and most popular tech stocks, including Cisco and Oracle, were
down a third or more from their highs. And even at current levels the
stocks aren't cheap with P/Es as high as 50. They'll be vulnerable to
further declines until it's clear that the economy has completed its
downswing.

By contrast, consumer stocks (which are defensive because they aren't as
tied to economic cycles as tech stocks are) benefited from investors'
flight to safety. After having dropped by a third to less than $60 a share
in March, Procter & Gamble [PG] rebounded 35 percent to $74. And
Anheuser-Bush [BUD] has rallied more than 70 percent over the same period
to $48. Those stocks are now trading at more than 20 times next year's
earnings, so they're no longer exceptionally cheap. But such defensive
issues may still be worth buying to balance a portfolio that has been
overloaded in tech.

Energy stocks have also benefited immensely as a defensive sector, but they
were helped even more by this year's sharp runup in the price of oil.
ExxonMobil [XOM], one of the most conservative international oil companies,
has gained 20 percent since March to $89 a share. I doubt, however, that
oil can remain above $30 a barrel for more than a year or two -- today's
high prices will bring on more supply and an economic slowdown could reduce
demand. As a result, I think energy stocks may have seen the best parts of
their gains.

While constrained supply has pushed up prices in the oil business,
oversupply has done the opposite in telecommunications. Fiercely
competitive phone companies have overbuilt their networks so much that they
have been undercutting each other on pricing and cutting back on further
equipment purchases. The result is that stocks throughout the sector --
from service providers like AT&T [T] and WorldCom [WCOM] to equipment
manufacturers like Lucent [LU] -- have lost more than half their value
since the spring. Statistically, I think stocks in the group are
undervalued by a third, but they still may represent dead money for the
next six months.

These divergences among industry sectors are the most visible symptom of
the roiling market, but they aren't the only one. The largest U.S.
companies have average P/Es in the mid-20s, and the most popular giants
have P/Es double or nearly triple historical levels. By contrast, small
companies -- those with market caps of less than $3.5 billion -- have
average P/Es of below 18.

 From all these cross-currents, two important ideas emerge. At any point
there's likely to be at least one sector that's deeply undervalued. Don't
try to predict the turns -- just buy one or two of the blue chips in the
sector that looks cheapest. Right now, defensive stocks are still in an
uptrend but they're no longer cheap, while the techs are still falling
(their decline isn't over yet). You can either buy good tech values and
ride out any further decline or wait until they look fully washed out. The
other important idea is that high-P/E blue-chip growth stocks are way
overvalued compared with everything else. Of course, those are the stocks
everyone most wants to own. But be smart -- diversify with a value fund or
a fund that holds mid- and small-caps with an average P/E below 20. They're
out there.

###

Post your comments on Michael's column at:
http://www.money.com/depts/investing/sivy/index.html

To subscribe or unsubscribe to Sivy on Stocks, go to:
http://www.money.com/email/

Earning Releases and Calls
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We may, from time to time, contact you with offers for Time Inc.
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YOU DID NOT INDICATE THIS PREFERENCE AT THE TIME YOU SIGNED UP
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newsletter or any other Time Inc. online newsletter, please let
us know by e-mailing us at <no_transfer@money.com>.


Jeff,

Congratulations on your well-deserved move to CEO of Enron.? Incredible
things have happened there under your leadership and I'm glad to see it
recognized.? I wish you much success.

Meanwhile, we continue to progress with our DSL/Cable Internet connected
CD/DVD offering - having signed Harman Kardon to manufacture, Microsoft for
our A/V codecs and digital rights management, a wide range of audio video
content providers, and full page ads in the USATODAY as part of our $270
million Gannett relationship.? We are also up an running with 170 units in
friends and families homes upgrading remotely.? What remains is us choosing
the right broadband backbone/conduit relationship.?

Have a great holiday season and happy new year.

Regards,

Eric

(Sherry thanks for your all your help.)

Eric W. Hartz, CEO & President
ZapMedia
1355 Peachtree Street, NE
Suite 250 - South Tower
Atlanta, Georgia 30309
Main: 678-420-2700
Direct: 678-420-2770
Fax: 678-420-2831
hartz@zapmedia.com
www.zapmedia.com


This in an automated e-mail sent out from the Commissioner.COM web site.
Go to http://football.commissioner.com/ene
------------------------------------------------------------------------

The trade request between Eric Bass
and Matt Lenhart has been vetoed by the commissioner.
------------------------------------------------------------------------


McCormack
Article about the group


----- Forwarded by Tana Jones/HOU/ECT on 09/29/2000 11:15 AM -----

	"Ross, Tracy " <TRACY.ROSS@ROYALBANK.COM>
	09/29/2000 10:10 AM

		 To: "'rick.borden@macleoddixon.com'" <rick.borden@macleoddixon.com>,
"'greg.johnston@enron.com'" <greg.johnston@enron.com>,
"'tana.jones@enron.com'" <tana.jones@enron.com>
		 cc: "Fleming, Blair " <BLAIR.FLEMING@ROYALBANK.COM>, "Hirasawa, Tim"
<TIM.HIRASAWA@RBCDS.COM>, "Chang, Owen" <OWEN.CHANG@RBCDS.COM>
		 Subject: Enron and Chase Confirms

Attached is the revised optional termination language for all the confirms.

 <<early termination2.doc>>

Tracy Ross, Counsel, Royal Bank of Canada
Phone: 416-974-5503; Fax: 416-974-2217
File -

This email may be privileged and confidential.?
Any dissemination or use of this information by a person other than the
intended recipient(s) is unauthorized.? If you receive this in error, please
advise me immediately.

 - early termination2.doc


Attached is PIRA's extended Daily Demand Report.

Please contact Morris Greenberg and Victoria Watkins for more information
regarding these reports at [mailto:morris@pira.com] and
[mailto:vwatkins@pira.com], respectively. For distribution requests, contact
John Graziano at [mailto:jgraziano@pira.com]. We can all be reached at (212)
686-6808.

 - ed042301.pdf
 - ed042301.xls


From the attached, it looks like the URG decision is being accelerated.


>  -----Original Message-----
> From:  Lisa Castle
> Sent: Thursday, May 31, 2001 1:02 PM
> To: Nancy Sellers
> Subject: Excel tip
>
> My turn to return the favor of the tip you sent to me (let me know if
> you've already heard of this one).
>
> Here is a tip to change a table of data from whole numbers to $000's.
> In an empty cell, type 1000.
> Select the cell, and click Copy on the Edit menu.
> Now select the cells containing the values you want to change.
> On the Edit menu, click Paste Special.
> Under Paste, click Values and under Operation, click Divide.
> Click OK.
> This will work to multiply, divide, etc.  If you use -1 and multiply, it
> will change values to negative.
>


ISO Market Participants;

 - MARKET NOTICE -
SUBMISSION OF GENERATOR HEAT RATE AND EMISSION DATA

The Federal Energy Commission's (FERC) April 26, Order Establishing
Prospective Mitigation and Monitoring Plan for the California Wholesale
Electric Markets and Establishing an Investigation Of Public Utility Rates
in Wholesale Western Energy Markets, imposes price mitigation on all
generators in California, including non-public utility generators, with
available capacity during periods of reserve deficiency, defined as
emergency situations beginning at Stage 1 Emergency.  FERC's price
mitigation measures will become effective May 29, 2001.

FERC directed each gas-fired generator in California (both those who have
signed Participating Generator Agreements (PGAs) and those non-public
utility gas-fired generators who sell into the ISO's markets or utilize the
ISO Controlled Grid)) to file, by May 1, 2001 (within five days of the
order) with the Commission and the ISO (on a confidential basis) the heat
rate (not including start-up and minimum load fuel costs) and emission rate
for each generating unit.

In order to facilitate the provision and use of the heat rate and emission
data to be provided by the above-described generating units, the ISO has
developed a template (attached) for submitting the required data.  The
template requests that generating unit owners provide the heat and emission
rates at various output levels.  The template also specifies that generating
unit owners must provide the heat and emission rate data "at or near" each
unit's maximum output.

Please submit the required data, in the format specified, no later than 5:00
PM, May 1, 2001.  Please submit such information electronically to Jim Price
at the ISO (<jprice@caiso.com>).  The ISO will treat all submitted data on a
confidential basis.

 <<010427 FERC Order MARKET NOTICE.doc>>
<<HEAT_EMISSION_RATE_TEMPLATE.xls>>

Client Relations Communication
CRCommunications@caiso.com

 - 010427 FERC Order MARKET NOTICE.doc
 - HEAT_EMISSION_RATE_TEMPLATE.xls


Have any of the counterparties on the deals below invoiced us for any of the
additional volumes?

D

Clem Cernosek
12/27/2000 03:55 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Mary Poorman/NA/Enron@Enron, Edward Terry/HOU/ECT@ECT
Subject: HPL Meter #980070 RUSK D/P - LONE STAR HPL

Daren:

During the period of 11/4/99 to 12/4/99, the above meter has recorded flow on
the following days:

 Days    Mmbtus

 11/4/99    2,813
 11/7/99    4,248
 11/8/99    2,287
 11/10/99        23
 11/24/99      100
 11/25/99      421
 11/26/99   3,611
 11/27/99      989
 11/28/99           7
 12/1/99    1,825
 12/5/99       205

                 30,287

Deal #127445 was at this meter for  only 1 day (November 3, 1999).  Deal
#129706 was at this meter for only 1 day (November 16,1999).  Deal #133219
was at this meter for only 2 days (December 1 & 2, 1999).  Currently, these
volumes are being booked under the HPL Strangers Gas Contract.  Logistics
needs either (1) have some or all of these deals extended, (2) new deal, or
(3) approval to write-off these volumes to Unaccounted for Gas.  (Please
print, sign, and return original to Clem Cernosek).

 ___________________________________________________
 Deal/Deal Ticket #/Customer (Seller/Buyer)

    OR

 ________________________________________________________
 APPROVAL to Write-off the volumes to Unaccounted for Gas Loss

Thanks, Clem


----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 02:27 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/23/2001 02:28 PM

		 To: skean@enron.com
		 cc:
		 Subject: Summary of Core/Noncore Analysis

----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 02:26 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/23/2001 02:25 PM

		 To: Rosalee Fleming/Enron@EnronXGate, Steve Kean, Maureen
McVicker/NA/Enron@Enron
		 cc:
		 Subject: Summary of Core/Noncore Analysis

Rosalee:  Could you please print out the following two documents for Mr.
Lay?  One is an excel sheet showing the summary of the results of our
analysis of the core/noncore market structure that Mr. Lay has been
discussing with leaders in California.  The other is a word document
explaining the summary table's contents.  If you have any questions, just let
me know.  Maureen, can you print out for Steve, too?  Thanks very much for
your help.

Best,
Jeff


Start Date: 1/9/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010914.txt


December 19, 2001

Hello,

My name is Pamela Yoo with the California Energy Commission,  here in Sacramento, California.  I sent out invitations about a week ago  for the upcoming North American Regional Gas Model User Meeting that will be  held in our area on January 17-18, 2002.

I have not received any information on whether you will be  attending this meeting or not, and I would like to encourage you to let us know  as soon as possible.

I have attached the original invitation letter to this email,  for your convenience.  You may send in your information  via fax (the fax number is written on the form of the following attachment) or  email (pyoo@energy.state.ca.us
 - InviteLetter.doc


Let's bring him in for an interview.   Have Johnny Palmer set up.

 -----Original Message-----
From: 	Sturm, Fletcher J.
Sent:	Wednesday, June 06, 2001 4:34 PM
To:	Presto, Kevin M.
Subject:	FW: Resume: Dac Calderhead

I met this guy the other day in my neighborhood.  He's the son-in-law of the people who live at the end of my street.  He seems like a good guy in person and looks like he's been close to trading.  He's local, so I thought it might not be a bad idea to bring him in.  What do you think?

Fletch

 -----Original Message-----
From: 	"dac calderhead" <dac_calderhead@hotmail.com>@ENRON [mailto:IMCEANOTES-+22dac+20calderhead+22+20+3Cdac+5Fcalderhead+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 05, 2001 1:00 PM
To:	fsturm@enron.com
Subject:	Resume: Dac Calderhead

DAC CALDERHEAD
10607 BORDLEY, HOUSTON, TX 77042.  PH/FX 713-952-0549.
dac_calderhead@hotmail.com

June 5, 2001

Hi Fletch,

	Thanks for returning my call and for taking the time to look over this
cover letter with attached resume.  I should be heading out to the driving
range one of these weeknights. Drop me line if you're interested?

I'm looking for a position on the Enron energy trading floor. The personal
and professional qualities that make me a successful mutual fund wholesaler
will make me a strong contributor to your trading team.
	As my resume reflects, I have plenty of analytical skills combined with
hands-on  fixed income and equity trading. I have consistently grown
business because I pay attention to details and thrive in a fast-paced
environment. My experience and success in developing business has come about
through learning quickly, planning ahead, and working well within a team
environment.
I would enjoy answering your questions, and discussing how my skills and
experience could contribute to your team. Thank you for your interest in my
application, and I look forward to hearing from you soon.

Sincerely,

Dac Calderhead

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com

 - res.Analyst.doc << File: res.Analyst.doc >>


I want to discuss further and you should probably buy me a drink.  Oh yea,
you already did!

	Enron North America Corp.

	From:  Victor Lamadrid                           10/11/2000 08:32 AM

To: Chris Germany/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT
Subject: Re: Team building

Chris, I whole heartedly agree....As a group we are preparing a
presentation/lunch where we will get together with Volume Mgt. and Client
Services and show how a good logistics/accounting team works...We(Bryce
Baxter, Kathy Kelly and Ed Terry) are also encouraging the folks from 37 to
spend an hour or two here in our world during scheduling and our folks also
spending time with the folks in 37 so we can both understand each other's
worlds......  If you want to discuss further, please let me know.......

Chris Germany
10/08/2000 11:50 AM
To: Victor Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT
cc:
Subject: Team building

I think we need to get scheduling, volume management, and accounting together
somehow.  I don't think a happy hour would do it because people tend to get
in their groups and talk.

Let me know what you guys think.  I would like to talk to Bob Hall and Bob
Supperty about this,.


Please send me your home e-mail address.

Kimberly Bates
East Gas/Origination
713-853-5193
713-646-8453 Fax


Please note that new factors will be put into production this evening.
Value-at-risk will most likely increase by the percentage outlined below.
Shorts are driving price risk, while long basis drives the forward physical
risk.

Let me know if you need access to component VAR analysis, so that you can
effectively manage VAR.

Frank


Mich,

Lavo wants to do following:

Draft a cover letter that says "Attached is form of retention agreement which will be good at the conclusion of the auction on Jan 10/11, no matter who the counter party is, providing however that the successful bidder will at least 1. Have a bonus pool of at least 15% of EBIT if NETCO makes it forecasted earnings 2. Is at least AA credit rated 3. Agrees to the other provisions in the draft ASA relative to honoring Enron service and other employee matters.
Take the Citibank doc we have been working on and make necessary amendments to remove references to counter party.
We may need to give ourselves some wiggle room on how retention and bonus awards may vest.

Can we get a draft of above this morning?

David


you know i can't wait to see you

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Tuesday, October 09, 2001 2:02 PM
To:	Lenhart, Matthew
Subject:	RE:

 now you're supposed to tell me how excited you are.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, October 09, 2001 1:57 PM
To: erichardson@sarofim.com
Subject: RE:

good.  that is what i like to hear.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Tuesday, October 09, 2001 1:36 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   i mean, that sounds great, i can't wait!

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Tuesday, October 09, 2001 1:34 PM
   To: erichardson@sarofim.com
   Subject: RE:

   what do you mean you guess?

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Tuesday, October 09, 2001 1:31 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      fine i guess

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Tuesday, October 09, 2001 12:33 PM
      To: erichardson@sarofim.com
      Subject: RE:

      7:30-8.  how does that sound?

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Tuesday, October 09, 2001 12:08 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         i don't know, you tell me.

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Tuesday, October 09, 2001 12:06 PM
         To: erichardson@sarofim.com
         Subject: RE:

         what time you coming over

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Monday, October 08, 2001 10:58 AM
            To:     Lenhart, Matthew
            Subject:  RE:

            i don't think so.

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Monday, October 08, 2001 10:53 AM
            To: erichardson@sarofim.com
            Subject: RE:

            if you win lets go to applebys and if i win lets go to redwood
      grill.

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Monday, October 08, 2001 10:49 AM
               To:     Lenhart, Matthew
               Subject:  RE:

               nice analogy but i will win this bet so start thinking about
      where
               you're
               taking me.

               -----Original Message-----
               From: Matthew.Lenhart@enron.com
      [mailto:Matthew.Lenhart@enron.com]
               Sent: Monday, October 08, 2001 10:31 AM
               To: erichardson@sarofim.com
               Subject: RE:

               i don't think so.  sometimes the sun shines on a dogs ass
   but i
         don't
               see
               that happening again.

                   -----Original Message-----
                  From:   Erin Richardson <erichardson@sarofim.com>@ENRON
                  Sent:   Monday, October 08, 2001 10:17 AM
                  To:     Lenhart, Matthew
                  Subject:  RE:

                  alright, i hope you're ready to buy me dinner again.

                  -----Original Message-----
                  From: Matthew.Lenhart@enron.com
         [mailto:Matthew.Lenhart@enron.com]
                  Sent: Monday, October 08, 2001 10:07 AM
                  To: erichardson@sarofim.com
                  Subject: RE:

                  here is our bet on cu/a&m game this summer.  i have cu
   -8.
      we
         can
               think
                  of
                  a dinner later.

                      -----Original Message-----
                     From:   Erin Richardson <erichardson@sarofim.com>
   @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                  NRON@ENRON.com]

                     Sent:   Friday, October 05, 2001 11:12 AM
                     To:     Lenhart, Matthew
                     Subject:  RE:

                     sounds exciting.  want to go to dinner with me before
   you
         have
               your
                     'matt
                     time'?

                     -----Original Message-----
                     From: Matthew.Lenhart@enron.com
            [mailto:Matthew.Lenhart@enron.com]
                     Sent: Friday, October 05, 2001 10:45 AM
                     To: erichardson@sarofim.com
                     Subject: RE:

                     probablyl gonna just kick it

                         -----Original Message-----
                        From:   Erin Richardson <erichardson@sarofim.com>
      @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                     NRON@ENRON.com]

                        Sent:   Friday, October 05, 2001 10:41 AM
                        To:     Lenhart, Matthew
                        Subject:  RE:

                        i haven't thought about it yet.  what are you doing

                        -----Original Message-----
                        From: Matthew.Lenhart@enron.com
               [mailto:Matthew.Lenhart@enron.com]
                        Sent: Friday, October 05, 2001 10:30 AM
                        To: erichardson@sarofim.com
                        Subject: RE:

                        you know, whatever.  i will let you know later.
   what
      are
            you
                  doing
                        tonight.

                            -----Original Message-----
                           From:   Erin Richardson
   <erichardson@sarofim.com>
         @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                        NRON@ENRON.com]

                           Sent:   Friday, October 05, 2001 9:57 AM
                           To:     Lenhart, Matthew
                           Subject:  RE:

                           like what?

                           -----Original Message-----
                           From: Matthew.Lenhart@enron.com
                  [mailto:Matthew.Lenhart@enron.com]
                           Sent: Friday, October 05, 2001 9:51 AM
                           To: erichardson@sarofim.com
                           Subject: RE:

                           i can think of a few things

                               -----Original Message-----
                              From:   Erin Richardson
      <erichardson@sarofim.com>
            @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                           NRON@ENRON.com]

                              Sent:   Friday, October 05, 2001 9:47 AM
                              To:     Lenhart, Matthew
                              Subject:  RE:

                              i was just kidding.  i am very sweet.  i feel
         terrible
               that
                  you
                           didn't
                              sleep
                              well. if there was anything i could do to
   make
      you
            feel
                  better
                     i
                           would.

                              -----Original Message-----
                              From: Matthew.Lenhart@enron.com
                     [mailto:Matthew.Lenhart@enron.com]
                              Sent: Friday, October 05, 2001 9:47 AM
                              To: erichardson@sarofim.com
                              Subject: RE:

                              real sweet.  you have a stone heart.

                                  -----Original Message-----
                                 From:   Erin Richardson
         <erichardson@sarofim.com>
               @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                              NRON@ENRON.com]

                                 Sent:   Friday, October 05, 2001 9:38 AM
                                 To:     Lenhart, Matthew
                                 Subject:  RE:

                                 of course you don't.  you just dream up
   these
            things
               so i
                     will
                           feel
                                 sorry
                                 for you, i don't.  you slept fine.

                                 -----Original Message-----
                                 From: Matthew.Lenhart@enron.com
                        [mailto:Matthew.Lenhart@enron.com]
                                 Sent: Friday, October 05, 2001 9:10 AM
                                 To: erichardson@sarofim.com
                                 Subject: RE:

                                 um, i don't remember that.

                                     -----Original Message-----
                                    From:   Erin Richardson
            <erichardson@sarofim.com>
                  @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                                 NRON@ENRON.com]

                                    Sent:   Friday, October 05, 2001 9:00
   AM
                                    To:     Lenhart, Matthew
                                    Subject:  RE:

                                    that's your fault.  you were taking up
      over
         half
            of
                  the
                     bed,
                        i
                           had
                              to
                                    ask
                                    you to move over.  and then you kept
      coughing
         in
               the
                     middle
                        of
                           the
                                 night
                                    and
                                    waking me up. so, i did not sleep well.
      you
               probably
                     slept
                           better
                                 than
                                    me, i
                                    don't know what you're complaining
   about.

                                    -----Original Message-----
                                    From: Matthew.Lenhart@enron.com
                           [mailto:Matthew.Lenhart@enron.com]
                                    Sent: Friday, October 05, 2001 8:53 AM
                                    To: erichardson@sarofim.com
                                    Subject: RE:

                                    i am tired b/c i kept waking up with no
         covers
            and
               my
                     butt
                        was
                                 hanging
                                    off
                                    the bed. i looked at you and you were
      covered
         up
            to
                  your
                        neck
                           with
                                 the
                                    covers in the middle of the bed.  you
   look
         like
            you
                  slept
                        well.

                                        -----Original Message-----
                                       From:   Erin Richardson
               <erichardson@sarofim.com>
                     @ENRON

[mailto:IMCEANOTES-Erin+20Richardson+20+3Cerichardson+40sarofim+2Ecom+3E+40E
                                    NRON@ENRON.com]

                                       Sent:   Friday, October 05, 2001
   8:45
      AM
                                       To:     Lenhart, Matthew
                                       Subject:  RE:

                                       i know, me too.  but isn't she so
   cute?
      i
            love
                  her,
                        she's
                           the
                                 best.

                                       -----Original Message-----
                                       From: Lenhart, Matthew
                     [mailto:Matthew.Lenhart@ENRON.com]
                                       Sent: Friday, October 05, 2001 8:12
   AM
                                       To: erichardson@sarofim.com
                                       Subject:

                                       i am tired.  your dog kept me up all
         night.

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

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


Adam Wenner prepared the attached chart laying out the various mitigation
options.  As you can see from the chart, some of the mitigation measures are
much more complicated than others.  FERC appears to have concerns with the
more complicated mitigation measures, but the more complicated measures also
cost little or nothing to implement.

Please call me if you have any questions.

Sarah
---------------------- Forwarded by Sarah Novosel/Corp/Enron on 08/04/2000
04:41 PM ---------------------------

"Wenner, Adam" <awenner@velaw.com> on 08/04/2000 03:27:50 PM
To: "'Novosel, Sarah'" <snovose@enron.com>
cc:

Subject: FW: Portland General/Sierra Pacific Resources Merger - Mitigatio n
Measures

Sarah -- attached is the chart of current and proposed mitigation measures.
I think it would be useful to distribute this prior to our call on Monday,
so that the group could be thinking along those lines sooner rather than
later.

>  <<97915_1.doc>>

 - 97915_1.doc