Thanks for following up on this, Melissa. I've forwarded your e-mail on to
Chris Foster and asked him to discuss the counterparty name with Bob Ellery,
his contact at Sierra Pacific Holding Co. I'll let you know which name we
need (or if we need one at all) as soon as I hear back from him.

Thanks again,
Kate
503-464-7486

Melissa Ann Murphy
04/11/2001 10:27 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: New CTPY Request

Hello, Samuel Schott in Global Counterparty called this company and he was
told that they should be set up in our system as Sierra Pacific Industries,
Inc.  The contract has the long name on it so I am planning on asking Rhonda
Denton about this tomorrow when she comes in.  I am not sure if it will work
this way or not.  If you know anything else about this let me know.  Sierra
Pacific Industries, Inc. is in Enpower but I am not certain if we should use
that name.

I will let you know what Rhonda says tomorrow.
Thanks,
Melissa

   Kate Symes                04/09/2001 03:09 PM

To: Rhonda L Denton/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT
cc: Samuel Schott/HOU/ECT@ECT
Subject: New CTPY Request

I just heard from Samuel (thanks for your message!) that I need to send
Rhonda new counterparty information in order to get their names added to the
system. I called Rhonda, but it turns out she's out of the office for the
first part of this week, and her voice mail referred me to Melissa. (That's a
short explanation of why I'm sending this info. to all of you.)

Anyway, following is the information connected with the new counterparty name
Chris Foster has requested:

Name: Sierra Pacific Holding Company, dba Sierra Pacific Industries
Address: PO Box 496028
    Redding, CA 96049
Or: 19759 Riverside Ave.
      Anderson, CA 96007
Phone: (530) 378-8179
Fax: (530) 378-8139
Contact: Director of Energy Resources - Robert Ellery

I also have a copy of the Master Power Purchase and Sale Agreement if you'd
like me to fax that over. Just let me know how I can help. We've already
entered Chris's deal into the system with "New Counterparty," so the sooner
we can change that the better.

Thanks,
Kate


J. Mark Dressler
6452 S. Cedarwood Rd.
Mentor, OH 44060-4325
lonetoad13@ameritech.net

To Mr. Ken Lay,

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

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

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

Sincerely,

J. Mark Dressler


NG-Price - 1090268
NG-PR-OPT - 1090269

Thanks,

Errol

From: Shannon McPearson/ENRON@enronXgate on 04/02/2001 01:20 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: PG

Could you send me the post ID's for the NG Price book and the NG Price
Options book??
;
Thanks!
;
Shannon McPearson
Enron North America
713-853-5944
Shannon.McPearson@enron.com


See attached summary of 1/8 meeting with Dennis Thompson, Don Hollingsworth's
Special Projects Director.


---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/30/2001
07:45 AM ---------------------------

	From:  Larry Joe Hunter                           04/27/2001 05:10 PM

To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Julie Brewer/NA/Enron@Enron
Subject: Termination of EnronOnline Trades

Jeff,

Can you pass on the message below to all of risk.  For EnronOnline, no trades
should be "reversed" in TAGG.  Simply kill the deal and we'll take care of
the documentation.

thanks,
Joe Hunter

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 04/27/2001
05:08 PM ---------------------------
From: Tana Jones on 04/27/2001 04:38 PM
To: Kim S Theriot/HOU/ECT@ECT
cc: Mark Greenberg/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Marcus
Nettelton/NA/Enron@ENRON, Elizabeth Sager/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
Subject: Termination of EnronOnline Trades

Per my discussion with Mark Taylor and our conversation today, attached is
the form of Termination Agreement that should be used when terminating
EnronOnline mistake or "oops" trades.  The trades should continue to be
initially run past the Legal Department to determine whether there are any
unusual circumstances surrounding the trades, but absent unusual
circumstances, Legal will then pass the trades on to the Confirmation Desk
for preparation of the Termination Letter and further handling.  These same
procedure should apply to physical as well as financial transactions.

Since this is a contract, the agreement will require the initials of a lawyer
and signature of a VP or above for the relevant company.  The Termination
Letter should be brought to the appropriate Legal Group for signature.

The current policy with respect to mistake trades is that the trade should be
terminated.  Reverse trades should not be entered into.

If you have any questions, please call.


Mike
We completed decontamination of the inlet filter at the selexol plant today.
It was dirty but
no liquid. There was some dried sludge in the bottom of the vessel and the
filters were
extremely dirty. We plan to do both of the filters on the discharge side
tomorrow.I got a phone
messsage from Jeff and he hasn't heard anything from PGE since the letter was
sent . We will
plan to bypass and clean the filter on the west side of the river, last one
on our system Saturday
unless we hear something different tomorrow. We will notify the PGE operators
of their plant
tomorrow of our plans.If anyone needs to contact me my pager number is
1-800-921-9564 and office
phone number is 505-260-4003. Leave a message on the office phone and it will
automatically
page me. I'll give everyone an update late tomorrow. We should have the hot
tap valves on location
tomorrow for the selexol injection. We plan to install the valves as soon as
they arrive.

Thanks RJ

By the way Bisti came on line today and they plan to run it tonight and be
back on location to
check on the unit tomorrow.


---------------------- Forwarded by Steven J Kean/HOU/EES on 04/20/2000 01:44
PM ---------------------------
From: Vladimir Gorny@ECT on 04/20/2000 01:27 PM
To: James D Steffes/HOU/EES@EES, Karen L Barbour/HOU/ECT@ECT, Scott
Stoness/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Harry Kingerski/HOU/EES@EES
cc: Ted Murphy/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Steven J
Kean/HOU/EES@EES
Subject: Curve Validation

Outlined below are some details of the existing curve validation process and
its application to the proposed validation of tariff curves.

Wholesale Curve Validation

The existing process incorporates validation of all wholesale curves and
includes monthly validations and random curve reviews. Every month, results
of the validation are summarized in a memo and distributed to the Senior
Management. Results of the random curve reviews are brought up to the
attention of Desk Heads responsible for the respective curves and Senior
Management as necessary.

Curve Assessment
 Green:
  - curve is reasonable
  - small P&L impact from curve shift
 Yellow:
  - curve is illiquid
  - medium-to-large position and P&L impact from curve shift
  - some ability to validate prices from external sources
 Red:
   - curve mark is inaccurate (based on external data obtained)
  -  curve is illiquid: no ability to validate externally
  - significant positions and P&L impact from curve shift

Curves that are inaccurately marked based on data obtained from external
sources are urged by the Senior Management to be corrected. In the cases
where external data is not available or clear, the Senior Management urges
the respective Desk Head not to increase an already large illiquid position
or to built in a risk premium by widening the respective bid/offer spread and
not to take on positions inside of that spread.

Selection Criteria
The criteria for monthly curve selection are the following:
 P&L sensitivity
 Largest positions
 Staleness (curves have not been marked for a period of time)
 Completeness (curves that have not been validated in a long time)

The main criteria for random curve validation is new deals.

Curve Validation Tools
Broker Quotes/Other external data
Graph Analysis (curve slope vs. a peer group, curve humps/sculpting vs. a
peer group, curve shift vs. position shift, etc.)
New Deal Analysis (comparison of curve marks and executed/quoted prices)
Boundary Analysis/V@R Simulations (comparison of curve to simulated curve
boundaries using Enron's V@R Engine)
SAVA Model Comparison (comparison of curves to model generated results)

Tariff Curve Validation

Scope/Timing:
ASAP - 20 curves with the largest positions related to deals pending review:
(Frito-Lay, Quaker Oats, Starwood) - to ensure timely and smooth approval of
these deals.
Next 30-days - 20 curves with the largest positions/P&L impact
Monthly/Quarterly - 20 curves selected based on criteria described above
Randomly - curves with significant positions/P&L impact, resulting from new
deals

Data Gathering:

This Month:  Listing of 20 curves (related to deals in progress) and the
related support requested by EGA (to be provided by Scott Stoness)
On-going Basis:  The process of obtaining data should be streamlined and the
curve validation process should be relatively painless:
    - RAC should have access to the curve data (Minal Dalia is fully devoted
to EES and is currently residing on the EES floor)
    - Curve assumptions should be documented (to be provided by Scott Stoness)

Execution/Reporting:

RAC, EGA and EES Risk Management Group work together on curve validation
utilizing available tools and work on developing new tools
Utilize the Wholesale Curve Assessment methodology (Green, Yellow, Red)
Generate a curve validation report (see template attached)
Provide feedback to the Desk Heads and distribute the Curve Validation Report
to Enron and EES Senior Management

Other Curves

Other curves related to EES business should be gradually incorporated into
the aforesaid process (ancillary services, congestion, DSM and labor related
curves) - let us set a timetable.

In conclusion, curve validation results should be evaluated in conjunction
with other risk analytics: stress testing of prices, volatilities and
correlations, Value-at-Risk/Capital-at-Risk analysis, performance measures,
capital allocation framework, etc.

Vlady.


Hey,

Here is the game..finally. You'll have to mess around with it and figure out
how it works, but here it is.


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Unleaded     http://www.carrfut.com/research/Energy1/unlded53.pdf


Kevin, Robin, I don't think there were any supply interruptions for May 2002.  Please let me know if I missed something.  Theresa just needs to know the total volume purchased.

Thanks.

Supply from Williams 775,000 dth
Supply from Apache / Cinergy  620,000 dth.


Gerald,

Good news - we were able to get the second room at the same $129 rate.  Below
you'll see two separate confirmation numbers - I don't think it matters which
one you or I use.  When you check in, just claim one of them.  They're both on
my card so you can transfer to yours at check-in.

I'm not sure what time we'll get there since we'll be coming from SA.  I
estimate we'll get there at about 5:00 (the wedding is at 7:00 right?)  We'll
actually be traveling to SA on Friday since some of Jill's family from the
Valley will be there as well.

If we're not in contact before then, let's just plan on meeting at the hotel
sometime between 6:00 and 6:30.  We can drive over to the wedding together
from
there.

In case you didn't know, they're registered at Dillard's - we got him a gift
yesterday, still plenty of items on the list.

E
---------------------- Forwarded by Ernie J Zavaleta/Frito-Lay/US on
02/26/2001
12:03 PM ---------------------------

Suzanne Mercer <suzannemercer@tramex.com>
02/26/2001 11:58 AM

To:   Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
cc:
Subject:  2nd Hotel Room Confirmation

 TO: FRITO LAY / PEPSI
            ERNIE ZAVALETA
            100 GLENBOROUGH DT
            SUITE 1200
            HOUSTON TX 77067

 FOR: ZAVALETA/ERNIE          REF: FRIT-0046000

 HOTEL
 03MAR   AUSTIN            MARRIOTT HOTELS
  SAT                      MARRIOTT AUSTIN CAPITAL
                           701 EAST 11TH STREET
                           AUSTIN TX 78701
                           FONE 512-478-1111
                           FAX  512-478-3700
                           1 NIGHT       1 ROOM       OUT-04MAR
                           LEISURE RATE
                           RATE-129.00USD PER NIGHT
                           CANCEL BY 06P DAY OF ARRIVAL
                           GUARANTEED LATE ARRIVAL
                           CONFIRMATION 82747164
                           RQST KING BED NON SMOKING
 HOTEL
         AUSTIN            MARRIOTT HOTELS
                           MARRIOTT AUSTIN CAPITAL
                           701 EAST 11TH STREET
                           AUSTIN TX 78701
                           FONE 512-478-1111
                           FAX  512-478-3700
                           1 NIGHT       1 ROOM       OUT-04MAR
                           LEISURE RATE
                           RATE-129.00USD PER NIGHT
                           CANCEL BY 06P DAY OF ARRIVAL
                           GUARANTEED LATE ARRIVAL
                           CONFIRMATION 82413250
                           RQT NONSMOKING

 .
 ---------------------  IMPORTANT ----------------------
   AIRLINE SECURITY REQUEST A 60 MINUTES FOR CHECK-IN.
   GOVERNMENT ISSUED PHOTO ID IS REQUIRED BY AIRLINE.
 -------------------------------------------------------
 ----------------- ITINERARY COMMENTS ------------------
 AIRFARES ARE PER PERSON AND SUBJ. TO CHANGE UNTIL TKT/D
    PLEASE REVIEW ITINERARY IMMEDIATELY UPON RECEIPT
 IF YOU HAVE QUESTIONS, CONTACT THE LEISURE TRAVEL
 DEPARTMENT BY EMAIL OR PHONE --
 972-334-5055 OR 800-776-8009, MON-FRI 8A-5P CST, OR
 CONTACT YOUR AIRLINE DIRECT FOR EMERGENCY ASSISTANCE.
 -------------------------------------------------------


Congrats!  It is a good ground breaking deal.  Mark


Hi Sheila,

Shall we try to get the Enron groups together to discuss the approach we want
to take with GE in our next phone call?  If so, please advise of any time you
have available on Monday, and I'll get it set up.

Thanks,

Kay


"You cannot be dependent upon your eyes when your imagination is out of
focus.8 - Mark Twain

Watch the Enron Building lobby on Wednesday, April 25th, from 11:30am to
1:00pm for information on some of
Enron's new innovative businesses.  You'll have the opportunity to meet
various business representatives and discuss
their products and services from the creative minds of our employees.  Watch
for Vince Kaminski
who will be present during this exciting exchange of information.

Featuring:
Deal Bench, enron.credit.com, Weather Risk Management, Enron Trading Game and
Xcelerator

Word of the Day
cerebration \ser-uh-BRAY-shun\, noun:
The act or product of thinking; the use of the power of reason; mental
activity; thought.


Stan,

Thanks for the fax from Mike McGrath.  The only structure issue that I need
some further clarification on is electric retail vs. wholesale.  To the
extent GISB moves in the direction of retail gas standards, would we
consider the same split?  I must admit that it seems overly cautious in
terms of avoiding one sector driving another.  Balanced voting, super
majority rules, etc. would avoid the need for three or possibly four units
under the EISB umbrella.  Pipelines have been willing to live with other
segments having a voice in wholesale gas standards based on the balanced
structure and vote rights established when the organization was created.  If
you can shed more light on this I would appreciate your thoughts.

Ron


Hi Vince,

Hope all is well with you. I'm looking forward to seeing you again next
week and meeting with Grant. Can you guys do me  favour? I'm sending out
some sample chapters to the people who responded positively (all of them!)
to my request for some feedback on the book. Chapter 1 has an 'overview' of
the book with just a couple of sentences on each chapter. Could you please
write a sentence or two for your chapter?

I'm including what I have already written so that you can see the style.

Many thanks and best regards.

Chris.

2 Overview of this Book

This book aims to provide an in-depth understanding of the pricing and risk
management of energy derivatives.  In the remainder of this chapter we give
an overview of the fundamental principals needed to model and price energy
assets, and which underlie the rest of the book.  As well as introducing
the techniques that underlie the Black-Scholes modelling framework we
discuss the numerical techniques of trinomial trees and Monte Carlo
simulation for derivative pricing which are used extensively later in the
book.

In Chapter 2 we analyse spot energy prices.  Apart from describing
empirical prices we propose a number of processes that can be used to model
the prices. We look at the well-know process of GBM as well as mean
reversion, stochastic volatility and jump processes, discussing each, and
showing how they can be simulated and their parameters estimated.

Chapter 3, written by Vince Kaminski and Grant Masson of Enron Capital and
Trade .

Chapter 4 examines forward curves in the energy markets.  Although such
curves are well understood and straight forward in the world debt markets
the difficulty of storage in many energy markets leads to less well defined
curves.  What we do in this chapter

Chapter 5 presents an overview of the common and not-so-common derivative
structures in the energy markets and discusses their uses.  Examples of
products analysed in this chapter include a variety of swaps, caps, floors
and collars, as well as energy swaptions, compound options, Asian (or
average rate) options, Barriers, lookbacks, and ladder options.

Chapter 6 investigates single and multi-factor models of the energy spot
price and the pricing of some standard energy derivatives.  Closed form
solutions for forward prices, forward volatilities, and European option
prices are derived and presented for all the models in this chapter
including a three factor stochastic convenience yield and interest rate
model with jumps.

Chapter 7 shows how the prices of path dependent and American style options
can be evaluated for the models in chapter 6.  Simulation schemes are
developed for the evaluation of European style options and applied to a
variety of path dependent options.  In order to price options which
incorporate early exercise opportunities, a trinomial tree scheme is
developed.  This tree is built to be consistent with the observed forward
curve and can be used to price exotic as well as standard American style
options.

Chapter 8 develops a new methodology for valuing energy options based on
modelling the market observed forward curve.  The approach results in a
multi-factor model that is able to capture realistically the evolution of a
wide range of energy forward curves and where the user defined volatility
structures can be of an extremely general form.  Closed-form solutions are
developed for pricing standard European options and efficient Monte Carlo
schemes for exotic options.  The chapter finishes with a discussion of the
valuation of American style options.

Chapter 9 focuses on the risk management of energy derivative positions.
In this chapter we discuss the management of price risk for institutions
that sell options or other derivatives to a client and who is then faced
with the problem of managing the risk through time.  We begin with delta
hedging a portfolio containing derivatives and look at extensions to gamma
hedging - using the models from chapters 5 and 7.  The general model of
chapter 7 ideally suited to multi-factor hedging and this is also
discussed.

Chapter 10 looks at the key risk-management concept of Value at Risk
applied to portfolios containing energy derivative portfolios.  After
discussing the concept of the measure, we look at how the key inputs
(volatilities, covariances, correlations, etc) can be estimated.  We then
compare the fours major methodologies for computing VaR; Delta,
Delta-gamma, historical simulation and Monte-Carlo simulation.  Finally, we
look at testing the VaR estimates for various underlying energy market
variables.

Finally, we finish with credit risk in energy markets in chapter 11.


Fred:
I'm going to instruct RMS to send the $40,000 to NationsBank of Texas, N.A.,
Account No. 3750494727, ABA Routing No. 111000012.  This is what is in our
Master with them.
Carol


Ken:

Very shortly after we spoke, I was informed that we had lost the Enron
HomePC Program. This is a great emotional blow to us and I am beyond
disappointed.

We understood that given our recent  strong performance against Dell, they
would do anything to embarrass us in our own backyard.  We have very strong
insight into their intent and knew they would  use this aggressively in
their PR campaigns.

However, clearly it was our job to win the business on the merits of the
individual program and to compete hard for it. We believed that we had a
creative offer on the table that would create great value for your
employees. Obviously, we did not perform to your expectations.

Following is the summary of our activities together which was created before
we heard the news.

I pride myself in developing strong executive relationships with our
customers, and I would welcome the opportunity for us to put our heads
together in order to look for ways we can move the relationships between our
two companies to a higher level.

I also think we should discuss the PR positioning. As a member of our Board,
and as a leader in the Houston community this will be news and I am hopeful
we can find a creative way to balance it.

Again, I accept it was ours to win in the marketplace but regret it had to
come to this. I look forward to your call.

M

From our Enron team:

* EBS Product and Service Supply Agreement

Compaq will continue to honor the Product and Service Supply Agreement
executed on January 18 between EBS and Compaq, whereby Compaq agreed to
purchase broadband services from EBS (on a take or pay basis) in proportion
to EBS' purchase of NT servers and attached storage.  It is also important
to note that we have been actively partnering with EBS on non-contractual
areas, such as our ongoing technical joint development and marketing efforts
around the Windows Streaming Media product.  I understand that our teams
have been working very closely together -- and with Microsoft -- to resolve
technical issues with Windows Streaming Media and thereby speed EBS' market
deployment.

The major issue is that Enron does not support traffic to many of our
concentration point so we need to be creative.

Bottom line, we are down to solvable problems with solution activities
underway.

* Windows 2000

During the last week of May Compaq responded to a request from Enron to
support Windows 2000 deployments, and placed people on site with no defined
contract or process due to Enron's requirements.  At this writing, no
contract has been signed, and the current contract iteration is at number
fourteen.  Apparently the delivery scope has changed several times and there
have been a few mistrals. Compaq is continuing to provide resources despite
the fact that no contract is in place and will work with Enron to ensure a
successful completion of the project.

* Power Management

Jesse Greene, our CFO, will act as the contact point for Enron for power
management services. The issue is we have existing contracts at favorable
rates but we will break the log jam.

* HomePC Program

For several months, Compaq and Enron have been working the solution to bring
technology and Internet access into the homes of every Enron employee.
There have been many creative discussions around hardware and financing to
allow Enron to fully subsidize the package provided.  Compaq, Enron and
Compaq Financial Services had gotten to a point where the $35 per month cap
was going to require the specifications of the hardware to be reduced.  In
recognition of the value of our partnership and our mutual desire for this
program to be the premier program in the industry, we have increased the
specifications of the hardware while taking significant pricing actions and
financing rate reductions.  These actions will actually allow Enron to
support better than expected hardware with the extended warranty for $34.28
per month.   This will truly be an industry-leading program when launched
later this fall.


Can you unarchive the following post ids for me please:
684492
703886
725784

Thanks for you help
PL


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Distillate     http://www.carrfut.com/research/Energy1/hoil24.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded24.pdf

Mean Reversion Data on CL & Products Spreads
http://www.carrfut.com/research/Energy1/crude01-29-02.pdf


---------------------- Forwarded by Juan Hernandez/Corp/Enron on 04/17/2001
04:07 PM ---------------------------

Rudy Acevedo@ECT
04/17/2001 01:59 PM
To: John Kinser/HOU/ECT@ECT, Rudy Acevedo/HOU/ECT@ECT, Juan
Hernandez/Corp/Enron@ENRON, Miguel L Garcia/NA/Enron@ENRON, Joe
Stepenovitch/Corp/Enron@Enron, Joe Errigo/Corp/Enron@Enron, Doug
Miller/Corp/Enron@Enron, Larry F Campbell/NA/Enron@Enron, Keller
Mayeaux/Corp/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Dean
Laurent/HOU/ECT@ECT, Don Baughman/HOU/ECT@ECT, Christopher
Watts/NA/Enron@Enron, Steve Olinde/Corp/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Juan Padron/NA/Enron@Enron, Benjamin
Rogers/HOU/ECT@ECT, Narsimha Misra/NA/Enron@Enron, Patrick Hanse/HOU/ECT@ECT,
Mauricio Trejo/Enron@EnronXGate, Dustin Collins/HOU/ECT@ECT
cc:

Subject: meeting

All you losers are required to attend a mandatory meeting on monday @4:30.
and that means you J.D. and Don


Still planning it - it might be just worth joining by phone to check the state of play
--------------------------
Sent from my BlackBerry Wireless Handheld


asshole

John J Lavorato@ENRON
12/24/2000 08:45 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:

rams -3.5
wash -7
raiders -9 1/2
balt -5
bears lions over 37
eagles bengals under 35 1/2
pats +4
vikings +5.5


Bill,

In light of the response below, let's change gears.  In lieu of preparing the
three scenarios previously requested, what we would like to do at the 12:30
pm PSTconference call, in addition to a general discussion of the results of
your original analysis,  we would like you to modify the study with regard to
the following 3 issues; 1) Assume that SB47X is not implemented, 2) Utilize a
9% discount rate, and 3) Assume a dry season as most likely case.  It is our
hope that you will be able to complete that analysis in time for the call.
Please express the results in terms of cents/kwh and percentage increase over
existing commercial/industrial rates.

Thanks.  Look forward to speaking with you later.

Robert

	"Bill Monsen" <wam@mrwassoc.com>
	03/06/2001 10:31 PM

		 To: Robert.Neustaedter@enron.com
		 cc: ryy@mrwassoc.com, rbw@mrwassoc.com
		 Subject: Re: California Rate Assessment (371.35)

Robert,

Thanks for the note. A conference call at 12:30 pm PST would work for us.
However, on that call, we will not be able to present results of the
additional scenarios that you defined in your e-mail. The model that we
used was an annual rate model. The analysis that you are proposing would
require a monthly model, which would take additional time to develop.
Perhaps we should discuss this prior to the call at 2:30 pm CST. Roger and
I will give you a call when we get into the office on Wednesday morning.
This should be around 11 am CST.

Best regards,

Bill

At 05:32 PM 3/6/01 , Robert.Neustaedter@enron.com wrote:
>Bill and Roger,
>
>Thanks for the quick turn-around on the analysis.  I hope the weekend was
>not totally ruined.  After review of the study, we thought it would be
>useful to further expand the scenarios into a Worst, Base and Best Case.
>The scenarios we would like you to run are outlined in the attached file.
>Each scenario would reflect a wet, dry and normal weather case.
>Please note that each scenario has a different date for surcharge
>implementation.  The Best Case reflects the date included in your original
>analysis.  Along those lines, would you please expand on the rationale for
>assuming the 1/01/02 implementation date.
>
>In addition to reflecting the rate impact on a cents per kwh basis, please
>include a percent impact as well.
>
>Like our original request, we are on a fast-track.  We would like to
>schedule a conference call for 2:30 p.m. central time Wednesday (March 7)
>to discuss the results of your analysis.  Hopefully, the data you have
>already generated can be quickly "massaged" to accomodate the scenarios
>requested.
>
>Please call me at 713 853 3170 if you have any questions.
>
>Robert
>
>(See attached file: California Rate Scenarios.doc)


...is at x5-7069


Elizabeth Cherry
713-350-1860

 -----Original Message-----
From: 	Torres, Rebecca
Sent:	Friday, October 12, 2001 1:25 PM
To:	Wolfe, Jason
Subject:	Important Information Needed!!!!!!!!!

We are in need of the following information:

Emergency Contact Name:
Emergency Contact Phone:

Please update this information by going through eHRonline or email me with the information.

Your cooperation is appreciated !

Thanks,
Rebecca Torres
A/A Program
rebecca.torres@enron.com
713-853-6664
ECN 3537 A


Mark,

I am pleased to report that everyone has been working extremely hard to
collect all of the information that has been requested (and then some) for
purposes of the upcoming due diligence visit.  I believe that Brian will
find everything most interesting and exciting.  While discussing the current
situation with Awano and Seguchi we touched upon your initial reaction to
our valuation and came upon a fundamental realization.  Because we have as
yet not shared any of the financial projections for Mutsu Ogawara or Ube
with you it is not surprising that you would  be unaware of how much value
we truly believe we have in these projects.  Recognizing that Enron will
need to review and evaluate the assumptions we have utilized I still wanted
to share some fundamental numbers with you in order to put this value into
perspective.

Taking the Mutsu Ogawara numbers alone and discounting them to a financial
closing date at the end of 2003 (utilizing a 15% discount rate) results in a
Net Present Value of US$848 million. In other words, if we were to flip this
project at financial close it would be worth at least this much.  Using a
discount rate of 10%, still considered very high for a Japanese investment
return and likely attractive to many Japanese investors, the value is in
excess of US$1.5 billion.  Looked at another way, discounting the NPV back
to 2001 at 15% results in a current NPV of $558 million, or more than $34
per current EnCom share!  Assess any reasonable probability factor -50% or
33% - and you still get $11 to $17 share.  Our assumptions were developed
conservatively and are quite defensible.  As an example of our conservatism,
we incorporated 300 MW of simple cycle combustion turbines into the Mutsu
Ogawara Project capital costs to provide peaking or backup capacity and yet
included zero revenues from this capacity.  Therefore any value attributable
to this additional 300 MW represents pure upside.  This also includes zero
upside from any marketing of natural gas into this gas deficient part of
northern Japan.  These numbers may be hard to believe but we are comfortable
that your due diligence will bear them out.

More exciting is the fact that the Ube economics are even better.  Looking
at just these two projects and placing a ridiculously low 20% probability of
success on them together with the $3 per share of cash on our balance sheet
gives you nearly $20 per share current value.  This is without considering
Oita or any of the other many projects we are currently working on. This is
why I was surprised by your reaction to our valuation.  If Enron, with all
of its significant resources and experience, were to fully support EnCom on
these two projects we believe that the probability of their success would be
quite high. (We have been receiving excellent support from the Global LNG
Group by the way) This is also why I would suggest that we focus our
immediate attention on these two projects together with perhaps the Oita LNG
Project.  It will prevent your team from becoming stretched too thin and may
accelerate your ability to come to a conclusion with respect to valuation.
I think that we would agree that reaching a conclusion as quick as possible
is in all shareholders interests.

My main concern continues to be that the current infighting between Enron
Japan and E Power has limited Enron's ability to recognize 1) the quality
and significant capabilities of the employees of E Power and 2) the
significant value that has been created through the nearly 2 years of
systematic and comparative analysis of all of the potential greenfield sites
in Japan as well as the significant progress with respect to brownfield
developments.   I am hopeful that your due diligence team will quickly come
to understand this.  Within the next six months we expect to be able to take
off of the market nearly three quarters of the most attractive development
sites in Japan leaving little for the late comers to the Japanese market.
We continue to hope that together we can find a way to focus our mutual
energies on building value in this exciting market rather than on
non-productive bickering and turf wars.

Sincerely,

Bruce Wrobel


Start Date: 4/18/01; HourAhead hour: 10;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041810.txt


Oh, What a Web We Weave:
Understanding the Opportunities and Hazards of Globalization

Globalization is one of the strongest forces shaping our future.  During this
session, we'll take a look at the opportunities and hazards of globalization,
and consider how they may shape the future-
For Our Country, Our Company and Ourselves.

Friday, March 30
11:30 a.m. to 12:30 p.m.
EB 5C2

Speaker:
Amy Oberg
Manager, Competitive Intelligence and Future Foresight
Enron Energy Services

To Make a Reservation, Call 3-1941 and Select Option 1

Please inform us ahead of time if you need special accommodations to
participate in this meeting.  Call 3-9390

Lunch will not be provided, but you are welcome to bring your own.


551260 - changed to 227

And I'm entering Jeff's deals right now - he went into a meeting and
neglected to finish deal entry!

Kate

Stephanie Piwetz   03/15/2001 02:26 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Checout 3/15/01

Kate
please check. still missing:
PREBON:
Richter:

Enron buys Aquila
236.00
May   np 15
25mws

Enron Sells pget
may np 15
25 mws
237.00

Enron Sells aquila
june   np 15
25 mws
275.00

please ch price on deal 551260.01  to 227.00

Amerex:
still missing:
Richter

Enron sells Mirant
apr   np 15  170.00  off peak

Enron sells aquila
june      peak np 15
275.00

Enron sells mirant
25 mws
3/19-3/31
265.00
np15


OK here is the spreadsheet. Please look at Sheet Kam and Sheet Phillip. On each sheet just put the names of primary and alternative approvers it doesn't matter is it is in your sheet or Philip's sheet.

Thanks for your help,

Erica Garcia
IT Security
3-6748

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, November 19, 2001 9:56 AM
To:	Garcia, Erica
Cc:	Love, Phillip M.; Palmer, B. Scott
Subject:	e request approvers

Erica,

I need to make some changes to the list of e-request approvers.

Anne Bike has left the group and I will be taking over all her requests.  Anything related to sitara and TDS for the west desk will now be my responsibility.
Phillip Love should now be the approver for all TDS and sitara requests related to the EAST and VNG regions.
Scott Palmer will be responsible for TDS and sitara for Wellhead, Central and Chicago regions.

Please call me if you have any questions.

Thanks

Kam

x3-5781


---------------------- Forwarded by David W Delainey/HOU/ECT on 08/21/2000
10:25 AM ---------------------------

David W Delainey
08/21/2000 10:25 AM
To: Dick Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Frevert/NA/Enron@Enron, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Memo on Vitro Project

Dick, you need to agree with Max on the scope to be provided by the OE - I
expect high quality service for the money we are paying.  The deal on Friday
is completely dependent on a pre-arranged scope and a minimum quality of
service.  I expect high quality EE&CC  people to be proactively managing cost
and exposure and to be there for the whole process - no pulls to other
business lines.  If Max or Virgo are not happy I am not happy.

I make money you make money.

Thanks for your cooperation.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/21/2000
10:16 AM ---------------------------

	Enron de Mexico

	From:  Max Yzaguirre @ ENRON                           08/21/2000 09:40 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Memo on Vitro Project

Dave:

FYI, I got this from Dick.  Just want to confirm that it's consistent with
your recollection.

Best regards - Max

---------------------- Forwarded by Max Yzaguirre/NA/Enron on 08/21/2000
09:40 AM ---------------------------

	Dick Westfahl @ ENRON_DEVELOPMENT
	08/21/2000 09:02 AM

To: Max Yzaguirre/NA/Enron@ENRON
cc:
Subject: Memo on Vitro Project

Max:

See attached memo on the above referenced project.

Dick


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/23/2000
11:17 AM ---------------------------
Sandra R McNichols   08/21/2000 04:56 PM

To: Geraldine Irvine/HOU/ECT@ECT, Charlene Richmond/HOU/ECT@ECT, Willie
Harrell/HOU/ECT@ECT, Kathleen Speer/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT,
Leslie Smith/HOU/ECT@ECT, Juanita Marchand/HOU/ECT@ECT
cc:
Subject: Biggest Mathematical Miracle in the World

The Biggest Mathematical Miracle in the World!

Moses and his people were in the desert, but
what was he going to do with them?
They had to be fed, and fed is what he did,
according to the Quartermaster General in the
Army.  It is reported that Moses would have to have
had 1500 tons of food each day.

Do you know that to bring that much food each
day, two freight trains, each a mile long,  would be required!
Besides you must remember, they were out in the desert, so they
would have to have firewood to use in cooking the food.
This would take 4000 tons of wood and a few
more  freight trains, each a mile long,  just for one day.

And just think, they were forty years in transit.
And oh yes! They would have to have water. If they
only had enough to drink and wash a few dishes,
it would take 11,000,000 gallons each day, and a
freight train with tank cars, 1800 miles long, just to bring water!

And then another thing! They had to get across
the Red Sea at night. (They did?) Now, if they went on
a narrow path, double file, the line would be 800
miles long and would require 35 days and  nights
to get through. So, there had to be a space in the Red Sea,
3 miles  wide so that they could walk 5000 abreast to get
over in one night.

But then, there is another problem. Each time
they camped at the end of  the day, a campground
two-thirds the size of the state of Rhode Island was
required, or a total of 750 square miles
long...think of  it! This space just for nightly camping.

Do you think Moses figured all this out
before he left Egypt?

I think not!

You see, Moses believed in God.

God took care of these things for him.

Now do you think God has any problem taking
care of all your needs?
I ASKED THE LORD TO BLESS YOU.......
I asked the Lord to bless you As I prayed for you today,
To guide you and protect you As you go along your way....
His love is always with you,
His promises are true,
And when we give Him all our cares,
You know He will see us through.
So when the road you're traveling on
Seems difficult at best,
Just remember I'm here praying
And God will do the rest.

Pass this to at least 10 people you want God to bless, don't
forget to send it back to the one who asked
God to bless you first.
A POSITIVE  ATTITUDE CAUSES A CHAIN REACTION OF
POSITIVE THOUGHTS, EVENTS  AND OUTCOMES!!

"I can do all things through Christ who strengthens me."
              -Philippians 4:13


The non-payment list has been updated for cash receipts and conversations as of 4:00 today.  If you have questions, let me know.   Thanks, Leslie

 .


Thomas,

I talked to Scott shortly this afternoon. I was confused between his idea and
Ben's model. As it is clear from Scott's proposal letter to Calpine, Enron
would enter into a short-term tolling agreement to buy power from Calpine.
Ben's economic model for 20 year is to understand Calpine's position, so that
we could bid reasonably and properly. Sorry about the previous email. I think
I started my first work very nicely. Thank you. Jinsung

Thomas M Suffield@ENRON
02/17/2000 02:44 PM
To: Jinsung Myung/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Calpine Update

Sounds good.  It appears we are at risk from years 5 to15 years.  We'll have
to talk about it later.  Thanks, Thomas.

Jinsung Myung@ENRON_DEVELOPMENT
02/17/2000 02:27 PM
To: Thomas M Suffield/Corp/Enron@ENRON
cc: Benjamin Rogers@ECT

Subject: Calpine Update

Thomas,

Here is a quick update for Calpine project.

1. Ben and I had a meeting with Scott this morning. Basic idea is to have 3
and 5 year tolling agreement with Calpine and sell to the market after the
expiration of the  agreement.

2. Ben prepared a preliminary model. Scott's target unlevered equity IRR is
8.5% ~ 9%. Key value driver will be a capacity payment ($/kw/month) for 3 or
5 years, which we will charge to Calpine. As soon as we get VOM from EE&CC,
we will ask Structuring group to get the capacity payment for 3 and 5 years.

3. Things to be done
 - 3 and 5 year capacity payment to get 8.5% ~ 9% IRR of unlevered equity
 - 20 year power curve (capacity and energy) for Eastern PJM. We got gas
curve.
 - VOM

I think this idea could be good if Calpine is willing to pay more than what
we see for next 3 or 5 year Eastern PJM pool price, and/or we can leverage up
more by taking advantage of 3 or 5 year tolling agreement. This is just my
thought. Please correct me, if I am wrong. I will continue to work on the
model with Ben and I will talk to Scott to find out more. Thank you.

Jinsung Myung


If you are interested, here is the marketing affiliate assessment of the
transaction.

---------------------- Forwarded by Shelley Corman/ET&S/Enron on 08/22/2000
05:47 PM ---------------------------

Shelley Corman
08/22/2000 05:34 PM
To: Steven J Kean/NA/Enron@Enron
cc: Eric Thode/Corp/Enron@ENRON

Subject: Re: DRAFT PRESS RELEASE: NBP Announces Intent to Purchase ENA Assets
in Powder River and Wind River Basins

The newly acquired gathering assets will be operated by employees of NBP
Services Corp., whereas Northern Border Pipeline is operated by Northern
Plains employees.  There will be no common officers between NBP Services and
Northern Plains and no shared employees.  Thus, NBP Services employees as
operator of non-jurisdictional assets will not be subject to the marketing
affiliate rules and will be free to work in a complementary work relationship
with ENA.

The press release makes it sound like Northern Border will operate both the
jurisdictional and non-jurisdictional assets.  You may want to make it clear
that Northern Border Pipeline is operated by Northern Plains.

Steven J Kean
08/22/2000 04:50 PM
Sent by: Steven J Kean
To: Eric Thode/Corp/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON
cc:

Subject: DRAFT PRESS RELEASE: NBP Announces Intent to Purchase ENA Assets in
Powder River and Wind River Basins

Eric - I think the release looks fine.

Shelley -- I take it there are no affiliate issues here (or they have been
fully vetted)?
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/22/2000
04:49 PM ---------------------------

Eric Thode
08/22/2000 11:34 AM
To: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Brian Redmond/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Mark Whitt/DEN/ECT@Enron, Brian Bierbach/DEN/ECT@Enron,
Jean Mrha/NA/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT, Kenneth
Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Kathryn
Corbally/Corp/Enron@ENRON, Scott Vonderheide/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Rex
Rogers/Corp/Enron@Enron
cc:

Subject: DRAFT PRESS RELEASE: NBP Announces Intent to Purchase ENA Assets in
Powder River and Wind River Basins

Attached is a draft press release regarding NBP's intent to purchase ENA's
assets in the Powder River and Wind River Basins.  Please return all comments
to me via e-mail by 5:00 pm on Tuesday, August 22.  If you have any
questions, please call me at ext. 3-9053.

Thanks.

Eric


Action Items.

It looks like my calender is not Mountain time again. Please fix.

Set up meeting on Monday.

15 Minutes - Grant Oh

30 Minutes - Andre

30 Minutes - Bill


Sheila:

Aneela forwarded to my attention an Agreement for Prime Broker Clearance
Services for Robert Stephens.  The Agreement was entered in Lotus Notes for
legal review mid-October.  However, my records do note indicate that you have
made your usual request to Ted Murphy and Bill Bradford.  At your earliest
convenience, please make your request to Ted and Bill about the Agreement for
Prime Broker Clearance Services with the above-reference company.  Please
note that this Agreement has been added to our rotation of Agreements to
process and is in the "Legal Review" status.  If this Agreement is a "High
Priority" please inform Sara so that it can be noted on her list.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/23/2001
09:19 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/23/2001 09:03 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/23/01


Good to go!

	Chris Walker/ENRON@enronXgate
	05/25/2001 11:34 AM

		 To: Jeff Blumenthal/ENRON@enronXgate, Susan Musch/ENRON@enronXgate, Bjorn
Hagelmann/ENRON@enronXgate, Mark Taylor/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate, Shari Mao/HOU/ECT@ECT,
Charlie Hoang/ENRON@enronXgate
		 cc: Lisa Lees/ENRON@enronXgate, Stephanie Sever/ENRON@enronXgate, Tana
Jones/HOU/ECT@ECT, Karen Lambert/ENRON@enronXgate, Kelly
Lombardi/ENRON@enronXgate, Tara Sweitzer/ENRON@enronXgate, Dawn C
Kenne/ENRON@enronXgate, Torrey Moorer/ENRON@enronXgate, Robert B
Cass/ENRON@enronXgate, Kevin Meredith/ENRON@enronXgate, Melba
Lozano/ENRON@enronXgate, Carlos Alatorre/ENRON@enronXgate
		 Subject: Approval needed for 2 product types (CAN Recycled OCC and ONP Phy)

Please approve the following 2 product types in Data Manager after 11:00
A.M.  Attached are the GTC and long descriptions.

CAN Recycled OCC Phy
CAN Recycled ONP Phy

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


OK.  DF

Christine Stokes
01/11/2000 02:02 PM
To: Steve Harris/HOU/ECT@ECT, Glen Hass/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Transwestern Contract Approval Request

TRANSWESTERN CONTRACT APPROVAL REQUEST

Please review the REVISED non-standard discount letter for Red Cedar
Gathering Company.  This discount letter, previously approved by appropriate
officers,  now contains the addition of a Paragraph 5.    As described
before, this one year contract is for 100,000 Dth/d of Red Cedar to El Paso
Blanco capacity.  Red Cedar will pay a one-part rate of $.02 based upon 70%
of the contract's MDQ.  They will also pay a $.02 rate for the remaining 30%
of the contract's MDQ on a "as-use" basis.

Please provide approval via REPLY WITH HISTORY.  If any questions arise,
please contact me at x35702.


---------------------- Forwarded by Kayne Coulter/HOU/ECT on 12/06/2000 10:15
AM ---------------------------

	From:  Mitch Robinson @ ENRON                           12/06/2000 09:57 AM

To: Kayne Coulter/HOU/ECT@ECT
cc:
Subject: Weekly Monitoring Report

---------------------- Forwarded by Mitch Robinson/Corp/Enron on 12/06/2000
09:57 AM ---------------------------

George Hopley@ECT
12/06/2000 09:56 AM
To: Paul J Broderick/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Eric
Saibi/Corp/Enron@ENRON, Juan Padron/NA/Enron@Enron, Clint
Dean/Corp/Enron@Enron, Grace Kim/NA/Enron@Enron, Doug
Gilbert-Smith/Corp/Enron@ENRON, Joe Quenet/NA/Enron@Enron, Chris
Dorland/HOU/ECT@ECT, Jeffrey Miller/NA/Enron@Enron, Robert
Benson/Corp/Enron@ENRON, Mike Carson/Corp/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Larry Valderrama/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT,
Larry Jester/Corp/Enron@ENRON, Robert Stalford/NA/Enron@Enron, Tom
May/Corp/Enron@Enron, Gautam Gupta/HOU/ECT@ECT, Narsimha
Misra/NA/Enron@Enron, Lloyd Will/HOU/ECT@ECT, Rika Imai/NA/Enron@Enron, Mitch
Robinson/Corp/Enron@Enron, Ricardo Perez/NA/Enron@Enron, Christopher
Watts/NA/Enron@Enron
cc:

Subject: Weekly Monitoring Report

---------------------- Forwarded by George Hopley/HOU/ECT on 12/06/2000 09:52
AM ---------------------------

HGP Inc <hgpbus@home.com> on 12/06/2000 09:19:57 AM
To: Kevin.M.Presto@enron.com, George.Hopley@enron.com,
Mark.Dana.Davis@enron.com, FSturm@enron.com, Rogers.Herndon@enron.com
cc:
Subject: Weekly Monitoring Report

Attached are the two files providing the Weekly Monitoring Report.  One
file includes the summary page and the other file has the detail for
each unit monitored.

The monitoring report for the eight Western units has been sent to Tim
Belden.

If you have any questions, please call.

Dan
 - East Summary 001206.doc
 - East001206.doc


I've been in with kaminski and bowen all morning so I have limited feedback today. I heard we had prelim good feedback from cadwalader on pledging contracts. Issue on post bankruptcy price risk issue remains.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


home email is jparks1@houston.rr.com


Start Date: 12/29/01; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122915.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


Many of you have friends who are no longer with the company, so we wanted to provide you an overview of continuing efforts to assist Enron's former employees.

CAREER SERVICES
Last December Enron established a website to assist former employees identify jobs in Houston and throughout the United States.  Only former Enron employees and potential employers can access the site, http://careerservices.enron.com/

On this site, former employees can:
	? Post their resumes for approved employers to view
	? View job postings
	? Receive updates and information on career and community services available to them
As of January 25, 2002:
	? More than 1,300 companies had been approved to view resumes
	? Company recruiters had logged on more than 3,500 times to search for candidates
	? More than 600 jobs had been posted on the site

FINANCIAL ASSISTANCE
The Greater Houston Community Foundation
The Greater Houston Community Foundation (GHCF), in collaboration with the United Way of the Texas Gulf Coast, the Houston Area Urban League, Crisis Intervention of Houston, and Career and Recovery Resources, have established a fund to provide dedicated support for former Enron employees.  GHCF offers former employees counseling services and helps them work with mortgage companies, landlords and utilities to defer monthly bills while they are out of work.   If you are interested in making a tax-deductible donation to the GHCF, please call 713-268-6458 or mail donations to GHCF at 4550 Post Oak Place, Suite 317, Houston, TX  77027.  Checks should be made payable to Greater Houston Community Foundation and designated for the Enron Employee Transition Fund.  To receive assistance, former employees can call 713-533-4598, or outside Houston, 1-800-493-4598.  Lines are open 24 hours a day, seven days a week.

Enron Ex-Employee Relief Fund Account
A former employee has established the Enron Ex-Employee Relief Fund Account at the Humble Community Bank.  Visit the website at <http://www.eerfa.com> for more information or to make a donation.  Former employees can submit grant requests to eerfarequest@surfmk.com.

MDPC Transitional Assistance Program
Memorial Drive Presbyterian Church has created a Transitional Assistance Program open to both members and non-members who need assistance re-entering the workforce.  Right Management Consultants offers a series of two-day workshops for former employees on topics such as Career Assessment and Evaluation, Job Search Communication and Managing in a Time of Change.  Requests for limited and discretionary short-term financial assistance will be accepted from those who have participated in this program.  MDPC will offer a holistic approach to re-entering the workforce including family counseling and stress management. For more information, contact Memorial Drive Presbyterian Church at 713-953-2550, ext 180.


Can we focus the PJM language as an interim fix toward the East (while maybe
the threat of PJM in the West will make the West RTOs act quickly and adopt
everything that Steve W. has been advocating).  Also, I agree with the ISO
being required to provide much greater information on where the congestion
occurs.  While the allocation of FTRs is a problem and the idiosyncratic
nature is also a problem, it is because the traders do not have access to all
the information.  They have told me that if they had access to all the
information about congestion from the past several years, they could
essentially build a model for anticipated congestion that could trade "above"
the underlying FTRs as financial instruments.

Steve Walton
06/18/2001 03:30 PM
To: James D Steffes/NA/Enron@ENRON
cc: Christi L Nicolay/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron

Subject: Re: INTERIM MODEL TALKING POINTS

Jim,

 I have added my comments to your draft.  My concern with the "Adopt PJM"
approach is that it will become a fiat accompli with regard to congestion
management. and the nature of future transmission rights.  Once adopted as
the standard, nothing else will be accepted and any move to a decentralized
approach is highly unlikely.  Unlike the British, we have a hard time
changing horses because of our multi-jurisdictional Federal system of
government.

 The PJM's lack of a secondary FTR market is more that just an allocation
problem.  If that were true, they New York would have a secondary market --
none exists there either.  The unpredictability of prices is probably the
biggest problem since no one knows how to value FTRs or TCCs.  I think the
nature of instrument is also not particularly helpful.

 During our discussion of Seabron Adamson's last draft, I maintained that a
centralized unit commitment process didn't fit the Pacific Northwest (PNW)
with its pattern of trading to achieve coordination between hydroelectric and
thermoelectric generation.  You asked me to provide more detail hydro-thermal
operation.  I am including a paper that covers the nature of PNW operations
and contracting with observations about the nature of unit commitment.  Given
other work and travel, it has taken some time to complete the paper and its
examples.  I hope this will help to explain why I am hesitant to endorse a
centralize unit commitment implementation.

Steve

	James D Steffes@ENRON
	06/18/2001 01:48 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Steve Walton/HOU/ECT
		 cc:
		 Subject: INTERIM MODEL TALKING POINTS

Here is the draft of an Interim step for Enron to give to Lay.  Please give
me your comments.  This is CONFIDENTIAL and should not be shared outside the
company.

Jim


It's kind of funny, everybody has the same feeling about the "Ted situation"
- utter disappointment.  But yes, it is definitely his loss.  And, I loved
the fact that Kevin (his friend) spent so much time talking to my Dad because
that had to make Ted feel like a complete jerk (which he is).

I'm am very excited about my trip to London.  The other guy I mentioned in
the email, Darren, is going to be working over there for a few months so I'll
get to see him there as well.  Plus, in November I'm going to visit my
brother and his wife in South Korea which should be interesting.  The globe
trotting continues.

Your weekend sounds like it's going to be pretty fun.  I wish I could be
there as well, but it is football season so I will be in Austin this
weekend.  I've signed up for all these internet airfare specials though, so
if some great fares come up for Houston to San Diego I can take advantage of
them.  Talk to you soon.

Susan

- - Deep down I think I knew there was something wrong with him.  I think
that's why I never pressed about the past relationships thing (you know,
afraid of what I might find out).


This request has been pending your approval for  57 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000067320&Page=Approval to review and act upon this request.

Request ID          : 000000000067320
Request Create Date : 10/11/01 10:24:53 AM
Requested For       : matt.smith@enron.com
Resource Name       : Risk Acceptance Forms Local Admin Rights - Permanent
Resource Type       : Applications


David,

I have attached a listing of all my Bid Week transactions.  Let me know if you
have any questions.

Kevin Ruscitti
(713) 853-6320


Per your voice mail I would like to defer 100% of my ECT Phantom Stock into
the Stable Asset fund. I only want to defer that which I have to defer due to
my Section 16b status. Thanks, Rick Buy


FYI
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 07/23/99 09:38
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "John Novak" <John_Novak@ei.enron.com>
07/23/99 12:05 AM

To: "Lefler, Dean" <dlefler@velaw.com>
cc: dblack@ei.enron.com, "Kent Castleman" <Kent_Castleman@ei.enron.com>,
"Stephen H Friedlander" <Stephen_H_Friedlander@ei.enron.com>, "Beth Rosen"
<Beth_Rosen@ei.enron.com>, Sara Shackleton/HOU/ECT, "Barquin, John"
<jbarquin@velaw.com>, "Nasim H Khan" <Nasim_H_Khan@ei.enron.com>
Subject: Re: Swap Agreement

We have decided NOT to proceed with the swap agreement.  Enron and Shell will
each write a guaranty in favor of TBS for their pro rata share of the negative
difference between the gas price received and gas price paid resulting from
the
differential in the gas price escalators.  Any positive difference in TBS's
favor will run through the TBS accounts to the TBS distribution account and,
subject to the blocking test in the Accts and Disbursement Agmt, will then be
distributed to E & S.
Dean & John: Can you propose a draft guaranty for internal review?  Once we're
happy with it we can send it to Shell for their consideration/sign-off.
Thanks.

Regards,
     John

"Lefler, Dean" <dlefler@velaw.com> on 07/21/99 09:22:59 AM

To:   Don Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
      Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
      Friedlander/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, "Nasim Khan (Business
      Fax)" <"IMCEAFAX-Nasim+20Khan+40+2B1+20+28713+29+20646-6190"@velaw.com>,
      Beth Rosen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, "'Shackleton, Sara'"
      <sshackl@ect.enron.com>, John Novak/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
      "Barquin, John" <jbarquin@velaw.com>
cc:

Subject:  Swap Agreement

I am sending this e-mail message to address several issues related to the
swap and to circulate a proposed confirmation for your consideration.

Before addressing the swap, however, I should note that it is not clear to
me that the project team has finally decided to proceed with a swap rather
than a guaranty.  If we are not, I would appreciate someone letting me know
so that we can stop this process.

Comments on the Draft Schedule:

     1.  Part 1(a) "Specified Entity":  A Specified Entity is an entity
other than the parties whose actions can cause an event of default or a
termination event.  The draft schedule does not contemplate a Specified
Entity.  I think we should consider whether EPE and/or SCG should be a
Specified Entity with respect to TBS.

     2.  Part 1(b) "Threshold Amount": proposes $1,000,000 for TBS, which
seems low given that Enron Corp. is backing it up.

     3.  Part 1(h) "Additional Event of Default":  If we use a swap
arrangement, there will be two: one for 72.5% between TBS and ECT, and one
for 27.5% between TBS and a Shell entity.  If that is the case, do we want
an additional event of default under which a sale by Shell of its interest
in TBS could result in termination?

     4.  Part 2  "Representations":  I think that we need someone in tax
to determine whether TBS can make the representations.

     5.  Part 4(d) & (e) "Credit Support Provider": Shell will be the
credit support provider under the other swap arrangement, not this one.

     6.  Part 4(g) "Governing Law", 4(h) "Arbitration": The schedule
proposes Texas law with AAA arbitration to be held in Texas.  It would seem
to me that we would want to use arbitration procedures that are similar to
those in the gas supply agreements, with ICC arbitration, held in Miami,
under New York, with joint arbitration if the same issue arises under one of
the gas supply arrangements (such as the proper calculation of price).

Comment on the Proposed Confirmation:

     I have reproduced the gas supply pricing provisions from the EPE Gas
Supply Agreement under the "Fixed Amount Details" but have not done so under
the "Floating Amount Details", which cross-references the provisions of the
SCG Gas Supply Agreement, because of the length of those provisions.

     Please let me know if you have any reactions to the above comments
or any comments on the attached confirmation.  I will contact Nasim to
discuss the process for pushing the swaps (or, alternatively, guaranties) to
completion.

Regards, Dean

 <<SWAPCON1.doc>>

 - SWAPCON1.doc


Nice thought,  but Lay spiked the Treasury rumor right after I started it.
Bummer, that bag boy job would have been a lot of fun.  And to think I
started out as Dave Hooker's bag boy!!!  DF

"Hooker, David" <dhooker@caes.net> on 12/15/2000 02:47:13 PM
To: Drew.Fossum@enron.com, Alan Jenkins <ajenkins@lanlaw.com>
cc: dhill@bspmlaw.com

Subject: RE: Fossum news rocks Enron stock

Ken will likely require professional counsel as Sec. Treas. Could be an
opportunity for the Fossum's to return to the toilet bowl, I mean DC, as
Ken's bag boy.

-----Original Message-----
From: Drew.Fossum@enron.com [mailto:Drew.Fossum@enron.com]
Sent: Wednesday, December 13, 2000 5:33 PM
To: Alan Jenkins
Cc: dhill@bspmlaw.com; Dhooker@caes.net; dfossum@enron.com
Subject: Re: Fossum news rocks Enron stock

Dammit Jenkins, don't even joke about stuff like that!  If the market ever
realized that I worked here, the stock would go down $10!!!  You think Lay
is taking the first step toward Sec. Treas. in the new Bush admin???
That's the rumor I heard a month ago.  Hope all goes well for you in sunny
hotlanta.  Its 5 below zero here today so your whole Georgia good ole' boy
lifestyle thing sounds pretty attractive.  AMF  DF

"Alan Jenkins" <ajenkins@lanlaw.com> on 12/13/2000 04:35:48 PM

To:   dhill@bspmlaw.com, Dhooker@caes.net, dfossum@enron.com
cc:

Subject:  Fossum news rocks Enron stock

I trust you guys saw this on the wires today:

Enron's stock was off $3-3/16 or 4.1 percent in afternoon trading at $74,
following an announcement that Jeff Skilling will become its new chief
executive officer on Feb. 12. An analyst, who asked not to be named, said
that it had been widely assumed that Drew Fossum would be named CEO;
therefore, the company's stock traded lower on the news.


Could you meet with the son of a client on the captioned item?  He'll be here the week of Feb 11th; I'm out of town.  I
don't yet know the dates.  He is Eric Fabrikant, son of Charles, Chrm & CEO of Seacor Smit (NYSE: CKH).

Eric wants to be in the Energy business and is meeting several exec's that week.  Yes, you could be one.  I would
appreciate your help.

Best regards,

Russell L. Sherrill
office:  713.759.6994
russell.sherrill@ubsw.com

UBS Warburg
1000 Louisiana, Suite 4940
Houston, TX  77002
fax:  713.759.0709

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


Rod-

Thanks for your assistance.  I've gotten good feedback on your inputs from
our Wessex folks.  Ultimately, I want to bill your costs into a transaction
account that we have at Wessex.  I'll check on the procedure today and let
you know asap.  Thanks.

Rod Hayslett @ ENRON

07/28/2000 07:31 AM
To: Michael Anderson/HOU/AZURIX@AZURIX, John Ale/HOU/AZURIX@AZURIX
cc:

Subject: Trip to Wessex

I haven't heard back from Rebecca on this, but I'm sure she is busy.   Do
either of you care to answer my question below.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 07/28/2000
07:30 AM ---------------------------

Rod Hayslett

07/20/2000 12:44 PM
To: rebecca mark-jusbasche/HOU/AZURIX@Azurix
cc:

Subject: Trip to Wessex

I'm not sure what you have heard back from the crew in Bristol/Bath, but I
found them to be very interested in achieving maximum success.    There was a
lot of learning on my part, but I'm now more convinced than ever that Wessex
is very much like our gas pipeline business.    Even to the fact that the
internal regulatory types don't believe the regulators will approve it.     I
have offered continuing assistance as needed (in fact have a conference call
setup for tomorrow).    I was able to give them the benefit of my experiences
and tried to create analogies to our experiences here.   In some cases I'm
sure it made a difference, in others the group may actually be in front of
some of our thinking.    I think I can see an opportunity to expand the
thinking on both sides of "the pond" in the regulated businesses  with just
some simple contacts and have promised to help them at least start
conversations with more counterparts in the pipeline group.

Let me know how you want me to charge you the travel costs.     I can submit
the claim here and bill you or I can submit the claim to you.


----- Forwarded by Tana Jones/HOU/ECT on 06/19/2000 05:10 PM -----

	Tom Moran
	06/19/2000 05:06 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Linda S Bryan/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Sylvia A
Campos/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON,
Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities,
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT
		 cc:
		 Subject: EOL / Credit / GCP Responses 6/19/00

Please find attached Credit's EOL responses for 6/19/00.

Regards
tm


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                      Wednesday, November 29, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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ADC'S SOLID Q4
Broadband equipment company ADC reported strong growth in Q4.

By LouAnn Lofton

Broadband networking equipment maker ADC (Nasdaq: ADCT) reported
fourth-quarter and fiscal year-end results yesterday after the
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income growth (excluding charges) of 94%, beating estimates.

ADC's sales for the fourth quarter were $1.03 billion, ahead of
last year's $634 million by 63%. Pro forma operating income
increased 121% to $206 million, from $93 million. Pro forma net
income for the quarter was $138 million versus the year-ago $71
million. On a per-share basis, ADC earned $0.18. Analysts as
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ADC's broadband connectivity sales grew 102% compared to last
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Looking ahead to the next fiscal year, ADC expects full-year
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the year coming in between $4.15 billion and $4.30 billion. ADC
does expect first-quarter earnings to come in shy of current
estimates by a penny. The company pointed to seasonal trends as
the reason for this.

ADC's chairman and CEO, William J. Cadogan, said of the results,
"We were firing on all cylinders as each of our three major
business groups and international hit all-time high sales in the
quarter. Our outstanding employees were key contributors in ADC
surpassing the significant milestone of one billion dollars in
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_________________________________________________________________

NEWS TO GO

Argentinians won't be getting any more Wendy's (NYSE: WEN) Spicy
Chicken Sandwiches starting soon. The fast-food company said
yesterday that it is immediately closing all 18 of its
restaurants in Argentina. They've been unprofitable for more
than a year. The company will take a onetime charge in the
fourth quarter of between $17 million and $22 million, or
$0.08-0.11 a share. CEO Jack Schuessler said, "The economic and
competitive conditions we faced in Argentina were just too
difficult to overcome, despite the efforts of our management
team and a dedicated crew at the stores."

Internet consulting company iXL (Nasdaq: IIXL) said on Tuesday
that it will lay off 850 employees and close seven offices. iXL
cut 350 jobs back in September. The latest round of job cuts
represent about 35% of iXL's staff. iXL will take a charge in
the fourth quarter for the restructuring, and expects to be
profitable by early 2001. The company has about 300 clients, and
says it plans to start focusing heavily on its top 75 clients.
Bill Getch, an iXL spokesman, said, "Our larger clients, they
want deeper engagements.... But they're taking much more time to
select and contract a lot of that work. So the sales cycle has
extended. If you've built a large infrastructure and the sales
cycle has lengthened... then you either increase the pipeline
fast enough to sustain that infrastructure or you reduce that
infrastructure."

Pork processor Smithfield Foods (NYSE: SFD) reported
second-quarter earnings yesterday. The company's net income
doubled to $44.6 million, or $0.81 a share, from last year's
$22.2 million, or $0.48 a share. Smithfield, therefore, beat the
consensus estimate of $0.77 a share. The company's results were
driven by live hog prices that were 20% higher in the second
quarter than they were in the previous second quarter. Sales
increased to $1.4 billion from $1.2 billion in the year-ago
period.

BFGoodrich (NYSE: GR) is selling its performance materials
division to an investor group for $1.4 billion, the company said
today. This completes BFGoodrich's move from a tire and chemical
company to an industrial products and aerospace company.
BFGoodrich will get $1.2 billion in cash and $200 million in
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.

MsgId:
msg-9507-2000-11-29_9-20-14-3361418_2_Plain_MessageAddress.msg-09:25:22(11-29-
2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Louise, you had asked us to alert you immediately of any counterparty that makes noises consistent with an alteration of their trading policy with us.

I've just spoken with Wisconsin Gas (the state's largest gas LDC), and they told me that the February basis transaction (20 contracts--Enron the buyer) we had come to basic agreement upon last week had been put on hold.  As the customer put it, "We had a risk management meeting at the end of the week, and we've decided to put that transaction on hold.  We'll let you know when we're able to move forward on that".

We had reached agreement on Wednesday, but at that time my counterpart said that he would be out of the office for a couple of days and would wait until Monday to close the deal.  After not hearing from him during the morning, I called to close the transaction and was told that they could not go through with it.

WIGas has continued to trade <30 day physical gas with us on EOL--seven trades so far today.

Please let me know if there is any additional information you need or if there are any further actions you'd like me to take.  Thanks.

Patrick Tucker
x3-3055


Attached for your review is the Variable Fee based gathering agreement
between ENA and EMS.  Please provide comments as soon as possible.


Start Date: 1/28/02; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012813.txt


CALENDAR ENTRY:	INVITATION

Description:
	Var meeting re: Canada - Beth Apollo's office

Date:		5/10/2001
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Start Date: 4/21/01; HourAhead hour: 20;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042120.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: HARBOR
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Distillate     http://www.carrfut.com/research/Energy1/hoil21.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded21.pdf


Kristin,

Yes, we would like very much to have her as a summer intern.
I can take her ino my group.

Vince

	Enron North America Corp.

	From:  Kristin Gandy @ ENRON                           01/26/2001 04:03 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: FW: Wharton Resume Submission - Summer Intern

Vince,

Can you tell me if these candidates will be part of the program?  I will
generate an offer letter as soon as I know this information.

Thank you,

kristin

Vince J Kaminski@ECT
01/23/2001 01:23 PM
To: Kristin Gandy/NA/Enron@Enron
cc: Jeffrey A Shankman/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT

Subject: FW: Wharton Resume Submission - Summer Intern

Kristin.

Kim is a member of the Tiger Team. She is interested in a summer
internship with Enron and I shall be glad to take her.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
01:24 PM ---------------------------

"Kim Whitsel" <Kimberly.Whitsel.wg02@wharton.upenn.edu> on 01/22/2001
12:07:35 AM
To: <Christie.Patrick@enron.com>, <Vince.J.Kaminski@enron.com>
cc:
Subject: FW: Wharton Resume Submission

-----Original Message-----
From: Kim Whitsel [mailto:Kimberly.Whitsel.wg02@wharton.upenn.edu]
Sent: Friday, December 22, 2000 6:51 PM
To: kristin.gandy@enron.com
Subject: Wharton Resume Submission

Summer Position under Wharton Schedule #1823
 - Kim Whitsel -Enron Cover Letter.doc
 - Kim Whitsel- Wharton2 resume.doc


The link below is to the West Power Structuring Intranet.  If you have the
time I was hoping you could help proof read material we plan to post to
the site and give your input as to the design and layout of our page.

\\172.17.172.160\Structuring\index.html


FYI.
I think they should try to get in to see Lundquist, but I don't think we need
to participate in this.  We have been focussed on nation-wide issues when we
have had the opportunity to meet with Lundquist and I don't think we should
use our limited shots here.
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/30/2001
07:07 AM ---------------------------

"Steve Crain" <SteveC@pandaenergy.com> on 04/27/2001 04:12:14 PM
To: <mgreen@duke-energy.com>, <rrwhyde@duke-energy.com>, <skean@enron.com>
cc: "Harold Green" <HaroldG@pandaenergy.com>

Subject: Additional Lobbying Efforts

We have met an individual named Wayne Valis, of the Lobbying firm of Valis
Associates. He likes the approach we are taking to the problem. He is
offering to get us access to Andrew Lundquist (I said staffer preciously, but
we now know he is Chairman of the President's Energy Task force). He also
thinks he can get us in to top levels of the Energy Department, and the White
House (we think he is talking about Carl Rove - who was G.W.'s Campaign
Manager and is now a senior White House Counsel).
For this service, he wants $10,000 plus direct expenses. If unsuccessful in
at least getting us into Lundquist, he will not charge anything. We think
it's a worthwhile shot. Could Duke and/or Enron agree to split the expense
with us? Also, it will be imperative that all of us, whether paying or not,
be represented at whatever meetings are arranged.
Please advise.

Regards,
Steve Crain


Jacques,

I need to pull together the Bishops Corner organization documents so we can close on the bank loan.  Did Keith and I take the originals or did we leave them with you?  I know we still need to issue the shares for the GP.

Please drop me a note.

Phillip Allen


"Trofholz, Elizabeth" <ETrofho@entergy.com> on 11/15/2000 08:18:47 AM
To: "'Pat.Clynes@enron.com'" <Pat.Clynes@enron.com>
cc:

Subject: FW: Too funny not to send

-----Original Message-----
From: steely1 [mailto:steely1@pdq.net]
Sent: Tuesday, November 14, 2000 5:06 PM
To: cgall@swbell.net; JoJoTemple@aol.com; R. Lee Steely MD;
Rktf@aol.com; Trofholz, Elizabrth A; Andy Andrau; Charles Cusack;
Ethelyn Kuldell; Julie Zinck; Lisa Kern; Marcie Dasher; Marco Lopez;
Mona Manchester
Subject: FWD: Too funny not to send

Subject: Press Release from Kyle Field

College Station, TX (AP) - R.C. Slocum and the Texas A&M Aggies are
demanding a recount of the game in which Oklahoma won 35 to 31.  "The end
zones were confusing," says Slocum.  "I'm sure that some of the touchdowns
that went in Oklahoma's end zone were meant to go into ours.  We were
scoring in those end zones also.  Oklahoma would never have scored
thirty-five points.  There's no way we lost this one.  A&M demands a
recount."

Oklahoma officials are calling this "outrageous".  "They agreed to the size,
shape and locations of the end zones prior to kick-off," replies OU coach
Bob Stoops.  "If they had a problem with them, they should have said so
before we started.  You don't get to keep playing until you're happy with
the outcome.  Someone had to lose.  We've scored over thirty-five points
many times."

A&M has sent lawyers, farmers, and those guys in the funny boots as well as
that damn dog down to Kyle Field, where the scoreboard will be tested.  "We
are confident that when the points are re-totaled, we will be the winner of
the game," says Slocum.

OU also points out that in many games prior to this one, the same end zones
were used.  "They didn't have a problem with the end zones until they lost,"
says Stoops.

Outside of Kyle Field, A&M student protesters have gathered outside bearing
signs such as, "A&M wants a fair game! WHOOOOOOP!"  Students' thoughts
echoed their signs.  "All we want is a fair total of the points before we
declare a winner," says student Karen Hays, an aggie from Marfa.  "We need
to proceed cautiously and not rush to judgment before we declare a winner."

ABC, around 2:00pm central time, had mistakenly declared A&M the winner,
despite the slim 3 point lead the Aggies held at that point.  At about 2:30
pm, with the game still too close to call, ABC had to back off its
prediction.

College Football analyst Brent Musburger made the call.  "We felt that with
a number of points still not added in by Jamaar Tombs and the Aggies, we
were certain A&M would carry this game.  We may have been premature in our
prediction."

GIG'EM

- JENKENS & GILCHRIST E-MAIL CONFIDENTIALITY NOTICE -
This transmission may be: (1) subject to the Attorney-Client Privilege, (2)
an attorney work product, or (3) strictly confidential. If you are not the
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disseminate this information.  If you have received this in error, please
reply and notify the sender (only) and delete the message. Unauthorized
interception of this e-mail is a violation of federal criminal law.

Susan Steely
Project:Promotions
P.O.Box 570728
Houston, TX  77257
713.784.4020
713.784.4716 fax


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude79.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas79.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil79.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded79.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG79.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG79.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL79.pdf


Hello Pat,

We would like you to price:

Chairs (2)
The chairs (476) in 19-502 (Grade 18) with double welt trim as described.

SOFA
The sofa (6386-80) in 48-137 (Grade 26).

PILLOWS
3 square additional pillows (2 in chair material and 1 in sofa material).

Would the wood be the same in the sofa as used on the chairs?

Please could you let me know the prices.

Thanks

Louise Nettelton


I received from the TNRCC an NOV letter for the above facility for failure to
submit an emissions inventory for 2000.  This notification from the agency
originally came to Rick Loveless by way of Wayne Brunette.  I called the
TNRCC and spoke to Kevin Cauble concerning the NOV and he pulled the
emissions inventory submitted in 1999 for the facility.  Because VOC's are
the issue, I asked him what the emissions were for VOC's on the 1999
inventory.  Kevin stated that the inventory showed VOC emissions of 19.50
tons/yr actuals and 33.56 tons/yr potentials.  We discussed why EOTT would
submit an inventory as it is not a major source and not required to.  The
only thing we could come up with is that EOTT may have anticipated an
increase in throughput at this site and therefore, wanted to ensure that this
facility was shown as a title V source.  According to the phone records from
the TNRCC for this facility, Craig Willoughby of Entrix had  requested that
the faciltiy be kept on the list of facilities required to do inventories.  I
have a call into EOTT to determine whether increased throughput is proposed
for this facility in the near future.

In speaking with Kevin, he suggested that if a determination is made that if
there is to be an increased throughput that wont exceed the 100 ton/yr limit
on VOC's, or that throughput conditions remain approximately consistent with
previous years, EOTT should provide written notification to the agency that
this facility does not meet the applicability requirements of 101.10
(emissions inventory requirements) and request that this facility be removed
from the TNRCC mailings. Should EOTT confirm the status of operating
throughput to be below the 100 ton/yr VOC emissions limit, I will make make
written notification to the TNRCC requesting removal from the list.


Carolyn Green, Vice President - Government Affairs, has advised us of her
resignation from Enron Corp. effective Friday ) August 4, 2000.  Carolyn is
pursuing an opportunity with Sunoco, Inc. as their Vice President for Health,
Environment and Safety and will be making Philadelphia her new home base.
We want to thank Carolyn for her hard work and many contributions to Azurix
and Enron.  Please join me in wishing Carolyn the very best in her new
venture.

For those of you in Houston  - there will be a going away party/happy hour on
Friday, August 4th at the Midtown Station - starting at
5:30 p.m.

The Midtown Station
2306 Brazos.

Easy to get to:   Take Smith south to Hadley and turn right.  Then turn right
on Brazos and you're there.  Pizzas will be ordered from a place across the
street that makes them in a woodburning oven.  Everyone is welcome!


As you may have gathered by now, the West Origination Group has purchased
season tickets to see the Portland Trail Blazers on their path to
championship glory. We have four seats which will be used primarily to
entertain customers and foster outside business relationships.

Please look over the attached schedule and determine the game dates you would
like to reserve. Tickets will be distributed on a first-come first-serve
basis, so be sure to plan as far in advance as possible. Games that have not
been reserved as of three days prior will be distributed internally or given
to outside parties.

If you have any questions or would like to reserve tickets, please contact
Blazer Command Central by e-mail, telephone, or in person. Include the date
of the games you would like to go to and the name of the customers you will
be taking.


Please send the file after you are done. If there is a big problem (ie it
doesn't agree with mine within 50), please call me at home (403) 245-1668.

Thanks,
Ryan


11/1/94 - Enron Marketing Services, Inc. changed its name to Engas, Inc. and it was dissolved 6/25/97.

Enron Oil Trading & Transportation Company is a former name of EOTT Energy Corp., a Delaware entity that merged 3/24/94 out of existence.  Chain of events rather complex:

3/24/94 - 8:00 a.m.  Merger of EOTT Energy Corp. (Del. inc.) with and into EOTT Energy Texas, Inc.  Name change of EOTT Energy Texas, Inc. to EOTT Energy Corp.
3/24/94 - 8:05 a.m.  Merger of EOTT Energy Corp. (Tex. inc.) creating Transitional Operating Company, Inc., Transitional Common Carrier Company, Inc., and OHS Properties, Inc.
3/24/94 - 5:10 p.m.  Merger of EOTT Energy Corp. (Tex. inc.) into JMRM Energy Corp. (Del.inc.).

Let me know if you need more or if you need copies of documents.  KC

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
Fax: (713) 646-8007
Email: kate.cole@enron.com

 -----Original Message-----
From: 	Heard, Marie
Sent:	31 October, 2001 4:39 PM
To:	Cole, Kate
Subject:	Corporate Entities

Kate:

Can you do an historical analysis for Enron Marketing Services Inc. and Enron Oil Trading & Transportation?

Thanks!

Marie