Dear Kate,

Thanks for your response.  It appears that we sent EES the wrong prices in
the spreadsheet that we sent to them.  Bill said he would make the changes,
so I won't bring this over to you (not yet anyway).   I also told Mark in
Houston what is happening, so this will hopefully be done.

Thanks for your help.

Virginia

   Kate Symes                03/13/2001 10:09 AM

To: Virginia Thompson/PDX/ECT@ECT
cc:

Subject: Re: EES Changes for March

Yes, that's fine if you bring the discrepancies by later. Or I can swing by
your desk to get them. I think I know why Mark is confused about the price.
At the beginning of this month we started running into situations where we
had to purchase from EES in addition to selling to them - which is all we had
been doing to cover their load before. We determined, however, that when EPMI
buys from EES, the price should be $5 less than our fixed price average for
the day. (When EPMI sells to EES, the price is $5 more than the fixed price
average.) In this way, we're still making our profit from the coverage of
their load. Either the correct price is not reflected in the spreadsheet we
sent them, or we purchased at the wrong price - we were working the kinks out
right at the beginning of March, so it makes sense that they'd have questions
regarding that time frame.

Also, I've already talked with Daniel Kang at EES to work out some
discrepancies with him. He asked about volumes at the beginning of March, but
didn't seem to have a question about price, so I'm wondering if everyone over
there is communicating with each other. Please let me know what I can do to
resolve this - and feel free to send Mark my way when he has questions.

Kate


Lloyd,

I would like Ricardo and I to sit down with Kevin and go over how our PJM
load forecast model works. I want to use it, or a version of it, for day to
day sensitivity analysis. I haven't met Kevin yet so if you could mention
this to him I would appreciate it. I would also like to sit down with you
some time this week to talk about PJM fundamentals and co-ordinating our
analytical efforts. I want to get a feel for what we have done and set some
goals as to what needs to be done. Let me know if one afternoon this week
works for you.

Thanx,

Chris Dorland


Please note an addition to the daily EOL summary. Two new tables delineate
each desk's year-to-date trades, in addition to the month-to-date and daily
trade tables usually included in the report. Feel free to let me know if you
find this data helpful, harmful, or not even worthy of note.

Thanks,
Kate


OFF OFF OFF

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


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580280 - Jeff had this in with Bloomberg. I changed it to Natsource.

Kate

Kerri Thompson@ENRON
04/12/2001 01:56 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource

sell ees
may
25 mw
335.05
np15
on peak

missing this deal for jeff


Haas NewsWire
September 4, 2001

----------
CONTENTS
    * Social Venture Competition Expands into New National Partnership
    * Blue Martini CEO Zweben to Give Keynote at 2001 Knowledge Forum
    * Michael Katz to Serve as Deputy Assistant Attorney General for
Economic Analysis
    * Leading Edge: The Future Comes to Haas
    * The First of Six New Faculty Profiles: Terrence Hendershott Joins the
Manufacturing and Information Technology Group
    * Haas CEO Exchange to Air on PBS in September
    * Diane Dimeff Heads for Colorado as Assistant Dean for MBA Programs at
CU Boulder
    * The Summer 2001 Issue of the California Management Review is Available
    * Haas in the News
    * Happening at Haas
    * Haas Celebrations
    ----------
SOCIAL VENTURE COMPETITION EXPANDS INTO NEW NATIONAL PARTNERSHIP
The Haas School of Business and Columbia Business School have formed a
joint partnership with The Goldman Sachs Foundation to expand the Haas
Social Venture Competition into the National Social Venture Competition.
The competition invites aspiring entrepreneurs to develop plans for
businesses that have a clear, quantifiable social return as well as a
healthy financial bottom line.

The National Social Venture Competition originated in 1999 as a
student-organized social venture competition at the Haas School of
Business. In the past few years, the competition has attracted more than
100 teams from business schools across the United States and Europe.  The
new partnership with Columbia Business School and The Goldman Sachs
Foundation will expand the competition's reach and scale.

The Goldman Sachs Foundation will underwrite the competition with a gift of
$1.5 million to help build a national platform for social entrepreneurship.
"This innovative program is an important milestone in the social enterprise
field and presents a unique opportunity to advocate high quality
entrepreneurship education on a national scale," said Stephanie Bell-Rose,
president of The Goldman Sachs Foundation.  "The program underscores the
Foundation's mission of supporting educational excellence by encouraging
outstanding students to develop the tools that help them become the global
leaders of tomorrow."

"The National Social Venture Competition reflects the growing commitment of
business leaders and entrepreneurs to foster profitable activities that
address major social challenges, such as protecting the environment,
preventing disease, and improving educational outcomes," said Laura Tyson,
dean of the Haas School of Business. "Haas MBA students have done an
outstanding job in launching a business plan competition to promote
socially responsible business ventures. Our new partnership with Columbia
University's business school and The Goldman Sachs Foundation will increase
public awareness of these issues and encourage business students to employ
the tools of business to create positive social change."

Throughout the year, the entrepreneurship centers of the two business
schools will coordinate with The Goldman Sachs Foundation to organize and
promote national events in the San Francisco Bay Area and New York.  The
Eugene M. Lang Center for Entrepreneurship at Columbia Business School will
host an inaugural symposium on October 5 in New York City.  The symposium
will feature a public dialogue with leaders in the social entrepreneurship
arena to explore the growing demand and marketplace expectations for social
ventures.

Throughout the year, both schools will host additional events to encourage
participation and evaluate submissions. Mentoring workshops will take place
at Columbia Business School and the Haas School with prominent investors
and alumni helping teams to perfect their business plans and presentations.
The teams' executive summaries are due on January 18, 2002.

The 2001/2002 national competition finals, hosted by the Haas School's
Lester Center for Entrepreneurship and Innovation, will take place at UC
Berkeley on April 5-6, 2002.

"This unique and powerful partnership reflects Columbia's commitment to
supporting entrepreneurship as a vehicle for social change," remarked Meyer
Feldberg, dean of Columbia Business School.  "Tomorrow's business leaders
must grasp more than convention; they must also be prepared to develop and
steer businesses of all sizes and types through a global economy that
demands consideration not only of profit and shareholder value, but also of
broader human interests."

Teams in this year's competition can look to past participants in the Haas
Social Venture Competition for inspiration in launching social
ventures.  Previous participants who have gone on to establish businesses
include:

+ Sea Power & Associates (www.seapower.cc), winner of the 2001 Haas Social
Venture Competition, harnesses ocean wave power to produce electricity for
coastal communities in the Pacific.

+Aprotea (www.aprotea.com) makes biochips to enhance drug discovery and won
a prize for best management team in 2001.

+Prisma Microfinance (www.prismamicrofinance.com) provides investor-funded
micro-loans in developing countries and won a prize for the best analysis
of its social return on investment.

+Ripple Effects (www.rippleeffects.com), a winner of the 2000 competition,
has already won nine major national product awards for its learning software.
----------
BLUE MARTINI CEO ZWEBEN TO GIVE KEYNOTE AT 2001 KNOWLEDGE FORUM
The fifth annual UC Berkeley Forum on Knowledge and the Firm will explore
"New Patterns of Management in the Knowledge Economy" in the Arthur
Andersen Auditorium on September 21. Leading thinkers and practitioners in
the field of knowledge management will discuss the new patterns of
management that are emerging as companies experiment and adapt different
ways to beat their competition.

The Knowledge Forum is organized annually by the Institute of Management,
Organization, and Innovation (IMIO) at the Haas School. This event is open
to faculty, students, staff, alumni, and members of the public. The
registration fee will be waived for faculty and UC Berkeley students.
Students need to register by September 14.

The keynote address will be given by Monte Zweben, chairman, president, and
CEO of Blue Martini Software, which helps companies understand, target, and
interact with their customers and business partners. Prior to founding Blue
Martini, Zweben was vice president and general manager of PeopleSoft's
manufacturing industry unit. In 1992 he co-founded Red Pepper Software
Company, and was CEO, president, and chairman.

Dean Laura Tyson will give the opening remarks, followed by three sessions
of panelists featuring Ikujiro Nonaka, Xerox Distinguished Professor in
Knowledge; David Teece, Mitsubishi Bank Professor of International Business
and Finance and director of IMIO; Susan DeSanti, director, Office of Policy
Planning, FTC; Seiji Horibuchi, president, VIZ Communications (Pokeman
USA); and Saburo Kobayashi, general manager, Corporate Planning, Honda.

For registration information, please visit
http://groups.haas.berkeley.edu/imio/knowledge/index2001.htm.
----------
MICHAEL KATZ TO SERVE AS DEPUTY ASSISTANT ATTORNEY GENERAL FOR ECONOMIC
ANALYSIS
Michael Katz, the Edward J. and Mollie Arnold Professor of Business
Administration, has been appointed the deputy assistant attorney general
for economic analysis in the Antitrust Division of the Department of
Justice. As deputy assistant attorney general, Katz will supervise all
economic analysis within the Antitrust Division and direct the division's
Economic Analysis Group.

"Like the stereotypical economist, I look at Michael's appointment from two
perspectives," says Ben Hermalin, associate dean of academic affairs. "On
the one hand, I can't think of a Haas faculty member who'd be harder to
lose for a year or two than Michael. On the other hand, I can't think of an
economist I'd trust more to advise the nation on antitrust matters than
Michael. I just hope the current administration has sufficient sense to
listen to Michael and take his advice seriously."

Since 1987, Katz has served as a professor at the Haas School of
Business.  In addition to researching on competitive strategy in systems
markets, vertical integration, cooperative research and development, and
antitrust in high-tech industries, he also directs the school's Center for
Telecommunications and Digital Convergence. In 1989 and 1993, he was
awarded the Earl F. Cheit Outstanding Teaching Award.

 From 1994 to 1996, Katz served as Chief Economist at the Federal
Communications Commission, where he was responsible for integrating
economic analysis into all aspects of Commission policy making. He
formulated and implemented regulatory policies for all industries under the
FCC's jurisdiction, including cable and broadcast television and local,
long distance, and wireless telephony. In 1996 he was recognized with the
FCC chairman's Special Achievement Award for his excellence in service at
the commission.

He graduated summa cum laude from Harvard University in 1978, where he was
awarded a prize as the top graduate in economics. He received his Ph.D.
from Oxford University in 1982. A frequent lecturer and author of numerous
articles on antitrust and consumer issues, Katz is also co-editor of the
California Management Review and the Journal of Economics and Management
Strategy.

"Michael Katz is a leading scholar with extensive experience in issues
important to the Antitrust Division," said Charles A. James, assistant
attorney general for antitrust. "His keen insight will be of great
advantage to the department as we work to protect competition in today's
global economy. We are privileged to have him join us."

Carl Shapiro, the Transamerica Professor of Business Strategy and director
of the Institute of Business and Economics Research (IBER), was the deputy
assistant attorney general for Economics in the Antitrust Division from
1995 to 1996.
----------
LEADING EDGE: THE FUTURE COMES TO HAAS
This year's Leading Edge Conference, titled "@ the intersection of
business, technology, and leadership," will bring heavy hitters from the
business and technology sectors to Haas to discuss the future of their
industry. Scheduled for September 21 and 22, the Leading Edge Conference
has traditionally been one of the largest of the student-run conferences at
Haas.

This year the conference will have 15 panel discussions with over 70 of the
most influential minds in technology and business today, the EdgeXpo
technology fair, and the opportunity to network and drop resumes with some
of the top technology firms in the industry who will be making special
appearances on campus for this event only.

As part of the keynote schedule this year, the organizers are debuting the
Edge Futurists' Forum -- a keynote discussion session about the future of
technology between industry innovators from Sun Microsystems, Xerox Parc,
and the Institute for the Future.  This event includes distinguished
visionaries such as John Gage, chief science officer of Sun Microsystems,
and will be hosted by Business 2.0 President Ned Desmond. Brian Bogosian,
president and CEO of Visto Corporation, will be the closing keynote speaker
on Saturday evening.

For more information on the conference or to register, please
visit  www.theleadingedge.org.
----------
THE FIRST OF SIX NEW FACULTY PROFILES: TERRENCE HENDERSHOTT JOINS THE
MANUFACTURING AND INFORMATION TECHNOLOGY GROUP
Terrence Hendershott has joined the Haas faculty as an assistant professor
of manufacturing and information technology.

Hendershott researches the information technology behind electronic stock
markets. His previous position was as the Xerox Assistant Professor of
Computers & Information Systems at the William E. Simon School of Business
Administration at the University of Rochester.

Hendershott earned his bachelors in mathematics and statistics at Miami
University. He spent several years in industry, first as a senior analyst
at Andersen Consulting then as an associate at Cornerstone Research. He
went on to earn his Ph.D. in operations, information, and technology at the
Graduate School of Business at Stanford University in 1999.

In his dissertation at Stanford, Hendershott created a theoretical model of
how electronic trading systems compete with stock exchanges. The largest
electronic trading systems are electronic communications networks (ECNs),
which are used for 30 to 40% of NASDAQ trades each day.

Hendershott is now looking at the impact that ECNs have had on stock
trading. This includes the expansion of trading outside the normal trading
day, the cost of trading using ECNs, and how the use of ECNs affects price
discovery. "While the use of ECNs has grown dramatically since the mid-90s,
unless there is some structural change in trading behavior, I don't think
we will see 24-hour trading anytime soon," says Hendershott.

As a sideline to this work, Hendershott collaborates with his father,
Patric, who is a professor of property economics and finance at the
University of Aberdeen in Scotland, and his brother, Robert, who is an
associate professor of finance at Santa Clara University. "The papers we
wrote combined our interests in how the Internet is affecting the economy
by examining real estate (malls in particular)," says Hendershott. "I
expect I will continue to do some of these because they are fun and an
excuse to interact with my father and brother more."

Hendershott will teach an information technology strategy course during the
Spring 2002 semester. His office is in F596, his phone number is 643-0619,
and his e-mail address is hender@haas.berkeley.edu.
----------
HAAS CEO EXCHANGE TO AIR ON PBS IN SEPTEMBER
CEO Exchange, the PBS television program hosted by the Haas School, will be
broadcast in early September. Filmed in the Zellerbach Auditorium on April
11, 2001, the program featured Cisco's John Chambers and HP's Carly Fiorina
along with host Jeff Greenfield and an audience of Haas students, faculty,
staff, and alumni. The show will air on local public television stations
this month, on the following dates:

KQED, channel 9, Thursday, September 13, at 11:00 p.m.
KRCB, channel 22, Tuesday, September 11, at 9:00 p.m.
KTEH, channel 54, Thursday, September 13, at 10:00 p.m. and September 20 at
1:00 a.m.
----------
DIANE DIMEFF HEADS FOR COLORADO AS ASSISTANT DEAN FOR MBA PROGRAMS AT CU
BOULDER
After serving for 8 years as director of the Haas School's Evening MBA
Program, Diane Dimeff has accepted a position at the University of Colorado
at Boulder as the assistant dean for MBA Programs. She will be leaving Haas
on Friday, September 28.

"I'm very excited about the opportunity to help build and grow CU Boulder's
MBA Programs, especially since Colorado has been a vacation destination for
my family for so many years," says Dimeff. "It will be hard to leave Haas
and UC Berkeley as I've been associated with the university for 30 years
now, either as a student or as an employee.  I'm very appreciative of the
opportunity I've had to participate in the evolution of the Haas Evening
MBA Program and thank the faculty, staff, students, alumni, and the
administration for their support."

Under Dimeff's direction, the Evening MBA Program has grown from a San
Francisco satellite to a thriving on-campus program. Her major accomplishments:

- applications to the Evening MBA Program increased by 128%, and enrollment
increased by 58%
- the average GMAT increased from 652 to 680
-  the Evening MBA Program moved from San Francisco to the UCB campus
- the core curriculum was reconfigured
- the number of electives offered tripled
- the comprehensive examination was replaced by the the mid-program
academic retreat
- the International Business Seminar was initiated

"We wish Diane great success at the University of Colorado, Boulder --
despite her new school having as a mascot a shaggy, plodding, female
buffalo named Ralphie instead of a sophisticated, nimble bear named Oski!"
says Andrew Shogan, associate dean of instruction.
----------
THE SUMMER 2001 ISSUE OF THE CALIFORNIA MANAGEMENT REVIEW IS AVAILABLE
The Summer 2001 issue of the California Management Review (CMR) is now
available. CMR, which is published by the Haas School, serves as a bridge
of communication between those who study management and those who practice
it. This issue includes articles from two symposia, one by Haas marketing
professor Russell Winer on Customer Relationship Management and one on
Systems Dynamics.

CMR articles in the Summer 2001 issue:

System Dynamics Modeling:
Tools for Learning in a Complex World
John D. Sterman

Tradeoffs in Responses to Work Pressure in the Service Industry
Rogelio Oliva

Past the Tipping Point:
The Persistence of Firefighting in Product Development
Nelson P. Repenning, Paulo Gon?alves, and Laura J. Black

Nobody Ever Gets Credit for Fixing Problems that Never Happened:
Creating and Sustaining Process Improvement
Nelson P. Repenning and John D. Sterman

A Framework for Customer Relationship Management
Russell S. Winer

Uncovering Patterns in Cybershopping
Wendy W. Moe and Peter S. Fader

The Customer Pyramid:
Creating and Serving Profitable Customers
Valarie A. Zeithaml, Roland T. Rust, and Katherine N. Lemon

Haas students receive CMR on a complimentary basis. It is available in the
program offices and student lounges. The alumni subscription rate is $35
and the foreign alumni rate is $50. All the subscription info is at
CMR's  web site: www.haas.berkeley.edu/cmr/.
----------
HAAS IN THE NEWS
A study of market analysts' performance for the year 2000, which was
co-authored by Brett Trueman, the Donald and Ruth Seiler Professor of
Public Accounting and chair of the Haas Accounting Group, and Reuven
Lehavy, assistant professor in the Haas Accounting Group, appeared in The
American Enterprise Online in their September issue. Read the full article
here: http://www.taemag.com/taesep01b.htm.

Janet Yellen was mentioned in the Capital Markets Report on September 1 in
an article about tax cuts and debt paydowns.

The Seattle Times quoted Severin Borenstein, the E.T. Grether Professor in
Public Policy and Business Administration, on September 1 in an article
about the absence of power blackouts this summer.

Ken Rosen, professor of the Haas Real Estate Group and chairman of the
Fisher Center for Real Estate and Urban Economics, was featured in the Los
Angeles Times on August 28 in an article about commercial real estate and
in connection to Shorenstein Co. Read more here:
http://latimes.com/templates/misc/printstory.jsp?slug=la%2D000069589aug28.

The Financial Times mentioned Raymond Miles, professor emeritus and former
dean, in its August 21 issue in an article about the future of
Hewlett-Packard.  Read the full article here:
http://globalarchive.ft.com/globalarchive/articles.html?print=true&id=010821007311.
----------
HAPPENING AT HAAS
"Business Combinations and Goodwill -- What The New FASB Rulings Mean to You?"
The methodology used to determine the amount of goodwill and identifiable
intangible assets to be recorded in a business combination is undergoing a
major change. A panel of experts will discuss the details of the FASB rulings.
Friday, September 7, 2001
1:00 p.m. to 5:00 p.m.
San Francisco Airport Marriott
Price: $200 per person
Contact: Dayna Haugh at 510-642-6334 or haugh@haas.berkeley.edu or visit
http://www.haas.berkeley.edu/accounting
Guest Speakers: Helen Munter, Deloitte & Touche; Kim Marie Boylan, Mayer,
Brown & Platt; John Hertz, Intel; Jeff Jones, Deloitte &Touche; Peter
Wheeler, Deloitte & Touche; and John Whittle, Corio.

MBA SUMMER WORKSHOP: WINE AND CHEESE TASTING PARTY
Please come and meet the entering first-year MBAs and join old friends from
past years.
Friday, September 7, 2001
Wells Fargo Room
A nice selection of wines (favoring reds this year), cheeses, and other
tasty treats funded from surplus revenues of the Summer Communications and
Quantitative Methods Workshops.  Be sure to bring an ID if you even look
like you might POSSIBLY be under 21!
MBAs, staff, and faculty invited.

PACIFIC RIM FIRM NIGHT
First- and second-year students mingle with representatives from a variety
of companies at this business casual recruiting event. Bring your resume.
Thursday, September 13, 2001
6:00 p.m. to 8:00 p.m.

Consumption Function
Friday, September 14, 2001
5:00 p.m. to 9:00 p.m.
Haas Courtyard/B of A Forum

PH.D. SEMINARS
E.T. GRETHER MARKETING SEMINAR
"Self-schema Matching and Attitude Change: Situational and Dispositional
Determinants of Message Elaboration," by Christian Wheeler, Stanford
University
Thursday, September 6, 2001
3:30 p.m. to 5:00 p.m.
Room F320
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

IDS270-INSTITUTIONAL ANALYSIS WORKSHOP
"Foreign Direct Investment and Technology Transfer," by Garrick Blalock, UC
Berkeley
Thursday, September 6, 2001
4:00 p.m. to 6:00 p.m.
Room C325, Cheit Hall
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

FINANCE SEMINAR
"An Analysis of Shareholder Agreements" by Gilles Chemla, University of
British Columbia
Thursday, September 6, 2001
4:15 p.m. to 5:45 p.m.
Room C110, Cheit Hall
For more information, contact June Wong at june@haas.berkeley.edu.

REAL ESTATE SEMINAR
"Signaling-Screening Equilibrium in the Mortgage Market," by Danny
Ben-Shahar, Interdisciplinary Center Herzliya
Friday, September 7, 2001
11:00 a.m.
Room C250, Cheit Hall
For more information, contact Lynn Lobner at lyoung@haas.berkeley.edu.

E.T. GRETHER MARKETING SEMINAR
"Promoting to Multiple Agents: The Case of Direct-to-Consumer Drug
Advertising," by Marta Wosinska, UC Berkeley
Thursday, September 13, 2001
3:30 p.m. to 5:00 p.m.
Room F320
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.

ALUMNI EVENTS
East Bay Chapter Haas Connection
The East Bay Chapter of the Haas Alumni Network invites you to network and
exchange ideas with fellow East Bay alumni and Haas students on the first
Thursday of every month.
Thursday, September 6, 2001
7:30 p.m. to 9:30 p.m.
Pyramid Brewery, 901 Gilman Street (at Eighth Street) in Berkeley.
Contact: Bill Vederman, East Bay Chapter President, vederman@alumni.haas.org.

East Bay Chapter Family Picnic
The East Bay Chapter of the Haas Alumni Network presents "Fun in the
Montclair Sun," an informal afternoon pinic in the park. All Haas alums
welcome.
Saturday, September 15, 2001
3:00 p.m. to 5:00 p.m.
Location: Montclair Park, Montclair Village (off Hwy 13 at Moraga or Park
exits in Oakland).
Contact and Phone: Leslie Fisher, 925-244-1233 or e-mail at
lkfconsulting@hotmail.com.
Soft drinks will be provided. Please bring your own food or snacks and a
dessert to share.
RSVP: Leslie Fisher at 925-244-1233 or lkfconsulting@hotmail.com. Please
provide your name, email address, and number of people attending.
----------
HAAS CELEBRATIONS
Birthdays
David Stuckey, September 4
Alison Thompson, September 6
Yong No, September 9
Evelyn Graham, September 10
Dan Sullivan, September 13

The Haas NewsWire respects the wishes of staff and faculty who would not
like their birthdays announced. Please e-mail a request to have your
birthday marked "do not announce" on the central birthday list to
Haasnews@haas.berkeley.edu.
----------
The Haas NewsWire is the electronic news weekly for the Haas community
published every Monday by the Marketing and Communications Office at the
Haas School. Send your news, feedback, and suggestions to
haasnews@haas.berkeley.edu.

Archived issues of Haas NewsWire are available online at
http://www.haas.berkeley.edu/groups/newspubs/haasnews/archives/hncurrent.html.

To subscribe to Haas NewsWire, address e-mail to
majordomo@haas.berkeley.edu; in the body of the message type "subscribe
haasnewswire" in the first line, and "end" in the second line. To
unsubscribe to HNW, type "unsubscribe haasnewswire" in the first line, and
"end" in the second line.


Lorraine, TK is on her way back into the office if you are still available to meet prior to lunch.  Thanks, Kim.

By the way, do you log into MSN messenger?  It would be helpful if you would.  Let me know if you need help in doing so.  Thanks, K.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/04/00
Transaction Summary
External Transactions Today	5,500
Average Daily External Transactions (30 day Trailing Avg)	4,097
Total Life to Date Transactions	493,715

EnronOnline Daily % of Entity's Total Transactions for 12/04/00	Trans	Percent
Enron North America	4,957	80%
Enron Europe Limited	119	27%
Global Products	224	34%
Enron Metals	200	8%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	54%

Gross Notional Value of EnronOnline Transactions	Total
Today	6,718,666,961
MTD	11,437,759,254
LTD	290,608,284,119
Average Daily Notional Value (30 Day Trailing Avg)	3,095,165,757

Notional Revenue from Physical Flows to Date	19,315,426,224

Counterparties, Users, and Products Offered
Counterparties having transacted to date	593
New Counterparties transacting for the first time today	2
Number of Products Offered Today	1,138
Total Number of External Users Logged on Today	3,225
Average # of External Users logged on (30 day Trailing Avg)	2,890


Daren,

Please see attached file.

Bob


Tomorrow is the final day to schedule December barrels, and we are currently short 1,220,000 barrels.  We have exhausted all measures of buying crude including: settling sales financially, buying from companies where we have short positions, and selling physical puts.  As a group, we have reduced our short physical position from over 10 million barrels to 1.2 under extremely difficult credit terms.  We believe we cannot cover the remaining 1.2 without prepaying a counterparty.  This requires a cash infusion of approximately $22,631,000 (1,220 X $18.55/barrel).

Every effort will be made within the next 24 hours to reduce this position, but the outlook is not bright.  Please let me know as soon as possible what can be made available to us.

Sincerely,

Rob Fuller


whaddaya think?


Please let me know if you have any questions regarding last weeks prices.

Thank you,
Karolyn Criado
3-9441


Please work with the group so that I am no longer inundated with erequests for additional mailbox space.


No --sorry, but I was already scheduled to have lunch with Stephanie Harris.

Susan

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Monday, October 29, 2001 11:38 AM
To:	Bailey, Susan
Subject:	Can you do lunch?

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


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/16/2000
10:21 AM ---------------------------

"Lucie Deathridge" <ldeathridge@risk.co.uk> on 06/09/2000 12:52:54 PM
Please respond to "Lucie Deathridge" <ldeathridge@risk.co.uk>
To: <vkamins@enron.com>
cc:
Subject: Australian Energy Risk 2000

As Australian Energy Risk 2000 is approaching. I am emailing you with
regards  to your presentation. The deadline date is Monday 12 June. If this
is going to  be a problem please let me know I will be out of the office from
Monday 12,  until Monday 19 June, on which date I will be putting the
presentation pack  together to send to the printers. If your presentation is
complete could you  please email it to ldeathridge@risk.co.uk as a
powerpoint file ASAP.

If you have any problems in doing this please do not hesitate to contact me
by email or on (020) 7484 9867. I will reply to any queries when I return.

Regards
Lucie Deathridge
Conference Co-ordinator
Risk  Publications
?
Tel: (+44) (020) 7484 9867
http://www.riskpublications.com


Please accept my apologies for this worksheet's absence yesterday. It was
undergoing cosmetic improvements to more accurately represent the EES-EPMI
position. Note two new column headings as of 3/27 - "Transmission" and "Other
EnPower" deals. Also, a change has been made to the SP-15 volumes in the 3/2
sheet. This change was made per Daniel Kang at EES and Chris Foster at EPMI.
And as always, feel free to contact me with questions.

Thanks,
Kate Symes
Trading Support
503-464-7486


---------------------- Forwarded by Jackson Logan/HOU/ECT on 11/14/2000 11:22
AM ---------------------------

"Tara Talbot" <ttalbot@bmoh.com> on 11/14/2000 11:10:57 AM
To: <matthew.overbeck@ac.com>, <Peter_Bourland@adc.com>,
<Danielle_Deipolyi@AIMFUNDS.com>, <Meredith_O'Neal@AIMFUNDS.com>,
<Robby_White@ajg.com>, <brian.holmes@algx.com>, <JLewis1342@aol.com>,
<JRayb10104@aol.com>, <MJanMyersMartin@aol.com>, <Talbotjohn@aol.com>,
<Jeffrey.T.Harris@betzdearborn.com>, <gandrews@bmoh.com>,
<rsteel@border.net>, <jmcanelly@bracepatt.com>, <mat@buckfund.com>,
<JChapa@calpine.com>, <abedford@central.uh.edu>, <RMassey@central.uh.edu>,
<mfriou@citysearch.com>, <hrobert@conroe.isd.tenet.edu>,
<JRBridenstine@cs.com>, <ajohnston@doubleclick.net>, <gkaminski@dttus.com>,
<sarah.goerner@dynegy.co.uk>, <chad.starnes@enron.com>,
<Jackson.Logan@enron.com>, <james.hull@enron.com>,
<christine_petru@gensler.com>, <benleewallace@hotmail.com>,
<ed_cardenas@hotmail.com>, <jphilipfriday@hotmail.com>,
<lesleyconte@hotmail.com>, <medunkin@hotmail.com>, <sharidans@hotmail.com>,
<tifftalbot@hotmail.com>, <akent@khmx.com>, <jknight@knightrealestate.com>,
<HowardP@kochind.com>, <Ashley_Morrison@lotus.com>, <jricks@mccoyinc.com>,
<jameslhull@msn.com>, <lkhowell@msn.com>, <cwalker@peserve.com>,
<JohnWheeler@PZLQS.com>, <MikeShankleton@PZLQS.com>,
<sonia_m_ghaffari@reliantenergy.com>, <pkettler@reliantenergy.nl>,
<knust@rice.edu>, <ryaf@softchoice.com>, <lpnance@sprintparanet.com>,
<jmercer@timebanc.com>, <alina.r.contreras@us.arthurandersen.com>,
<carey.t.ford@us.arthurandersen.com>,
<michael.t.wardlaw@us.arthurandersen.com>, <Ronnye.E.Kettler@USA.conoco.com>,
<kevin.swantkowski@vignette.com>, <bpisklak@yahoo.com>,
<brittkaiser@yahoo.com>, <jjackson_77057@yahoo.com>, <skjones_99@yahoo.com>
cc:
Subject: Fwd: FW: Aggies Demand a Recount

>>> Ellyn Haikin 11/14/00 10:57AM >>>

Subject: FW: Aggies Demand a Recount

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 to 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."

>William G. Lowerre
>Schweinle, Parish & Lowerre, P.C.
>1001 Fannin, Suite 3800
>Houston TX 77002
>713-654-4111
>713-655-9485 (fax)


----- Forwarded by Jeff Dasovich/NA/Enron on 05/22/2001 07:46 PM -----

	"Ken Smith" <ken@kdscommunications.com>
	05/22/2001 07:27 PM
	Please respond to "Ken Smith"

		 To: "Hedy Govenar" <hgovenar@govadv.com>, "Mike Day" <MDay@GMSSR.com>, "Bev
Hansen" <bhansen@lhom.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Susan J
Mara" <smara@enron.com>, "Paul Kaufman" <paul.kaufman@enron.com>, "Michael
McDonald" <Michael.McDonald@enron.com>, "Sandra McCubbin"
<Sandra.McCubbin@enron.com>, "Rick Shapiro" <rshapiro@enron.com>, "Jim
Steffes" <james.d.steffes@enron.com>, "Alan Comnes" <acomnes@enron.com>,
"Steven Kean" <Steven.J.Kean@enron.com>, "Karen Denne" <kdenne@enron.com>,
<Harry.Kingerski@enron.com>, "Leslie Lawner" <Leslie.Lawner@enron.com>,
"Robert Frank" <rfrank@enron.com>, "Janel Guerrero"
<Janel.Guerrero@enron.com>, "Miyung Buster" <Miyung.Buster@enron.com>,
"Jennifer Thome" <Jennifer.Thome@enron.com>, "Eric Letke" <eletke@enron.com>,
"Mary Schoen" <Mary.Schoen@enron.com>, "David Leboe" <David.Leboe@ENRON.com>,
"Ban Sharma" <ban.sharma@enron.com>, <Mark.Palmer@enron.com>
		 cc:
		 Subject: Burton Presentation and Press Conference

The following are summaries of today's appearance by Sen. John Burton to the
Sacramento Press Club and of his news conference this afternoon announcing a
lawsuit against FERC.

John Burton held what amounted mostly to a Q&A session at a lunch with the
Sacramento Press Club today. He started by talking about the Edison MOU,
which he said will be assigned to the Senate Utility Committee for review,
the Judiciary Committee will look at the legal elements, and the Natural
Resources Committee will look at issues surrounding easements.  (One
columnist commented that Burton would "love it to death," meaning it would
get so much attention it will be hard for it to advance.)

The MOU, he said, includes language that eliminates oversight by the PUC.  He
said that will not be the case when it leaves the Senate.

Burton is obviously troubled by the MOU; he said "some people" say it doesn't
just make Edison creditworthy, it makes them whole.  He said the following
would have to take place for the MOU to be acceptable:

Back debt must be verified;
All creditors must take a 30% "haircut";
The transmission lines would need to be purchased for an amount close to what
the governor has mentioned;
$400 million (or more) must come from Edison's parent to pay back debt.

When asked whether $400 million was enough, he said "no" and that he feels
the parent should pay "a ton."  That led to a discussion of the dedicated
rate component, which he doesn't like. He used the example that if
electricity costs $20 and the dedicated rate component is $5, if prices drop
to $10 people will unnecessarily pay higher rates.  A larger infusion of cash
from Edison's parent could eliminate the need for the dedicated rate
component.

Burton called the dedicated rate component a "big problem" and said it could
be the strongest argument for use in an initiative campaign.

He said he planned to tell the governor this afternoon that the state should
set an acceptable purchase price for power and not pay anything more (note:
this is a populist approach that is getting a lot of support from radio talk
shows and other media).  He later threw out the number $200.  The state is
going to have blackouts whether or not it pays top dollar, he said, so this
is one way he sees to fight back.  It's tough medicine, but as he put it,
"You've got to take castor oil and it tastes crappy, but two days later
you're over it and your stomach's OK."

Burton also used a quote from his late brother, Phil, on how he believe the
situation should be handled:  "The only way to deal with exploiters is to
terrorize the bastards."

Asked how long the committee process would take re: the MOU, Burton said the
MOU sets August 15 as a deadline but that if there is ongoing progress there
are allowances that would let the process go as long as into December.

LAWSUIT PRESS CONFERENCE

Shortly after the lunch, Burton held a press conference to announce a lawsuit
against FERC was filed today in the U.S. Court of Appeals for the Ninth
Circuit.  A copy of the brief and press release was faxed earlier this
afternoon to Jim Steffes and should be available in his office.  If
additional copies are needed, please contact me or Scott Govenar.

The plaintiffs are Burton, individually and on behalf of the Senate; Bob
Hertzberg, individually and on behalf of the Assembly; and the City of
Oakland.  At the event were Burton, Hertzberg, Oakland Mayor Jerry Brown,
atty. Joe Cotchett of Cotchett, Pitre & Simon (in Burlingame); atty. Clark
Kelso, a constitutional scholar from McGeorge School of Law; Sen. Liz
Figueroa; and Joan Breuner, vice mayor of Oakland.

The suit asks for FERC to respond within 7 days and a ruling within 21 days.

Burton opened by explaining that they were suing FERC for not fulfilling its
statutory authority to maintain fair and justifiable rates.  Hertzberg added
that FERC had ignored the law and that they were compelled to file suit for
Californians' relief.

Joe Cotchett said the suit is "very basic" and is based on the Federal Power
Act, which he says limits power costs to "fair and justifiable" rates.  A
primary strategy in this suit is to present it as a "health and welfare" and
public safety suit; he noted that there are 3 million disabled children and
12,000 convalescent homes in CA who can be adversely affected by blackouts.
He said it is "not an economic lawsuit -- it's about senior citizens,
disabled kids and convalescent facilities."  Today also happened to be the
legislative day for the California Association of Health Facilities (the
nursing home trade assn.), and several nursing home workers were apparently
asked to sit at the back of the room for effect.

Cotchett said FERC has been told for 3 years that there were opportunities to
exert market power.  He also claimed that a Redondo Beach facility (obviously
AES) was fined $8 million by FERC for taking its plant off-line and
substituting higher rates.  He said, however, that this order had been sealed.

He cited an industry report that predicts 260 hours of blackouts this summer,
which could mean four hours a day.  That could be, he said, "potentially the
ruination of a lot of medicine in refrigeration."  Cotchett noted that only
hospitals with more than 100 beds are exempt from blackouts, which does not
protect surgical centers or many health facilities.

Jerry Brown added that "prices are unjust and people are suffering."
Continued high prices could mean "potential civic disruption," and that there
will be "more actions to mobilize" Western mayors.

Liz Figueroa spoke briefly to reiterate the health aspects of the lawsuit.

Burton had mentioned Clark Kelso, who regularly appears on TV here as a legal
expert and I believe was a colleague of Justice Anthony Kennedy, in his Press
Club appearance.  He said Kelso had appeared regularly in the media early on
to say that the state had no standing to file the suit. Burton's lawyer's
sent him the brief, and Kelso thought enough of it to join the legal team.

Kelso reiterated that FERC has been aware of potential market power for three
years, and that the commission has delayed action unreasonably.  It has
failed to define "fair and justifiable"; that failure, he said, violates the
Equal Protection and Due Process clauses of the Constitution.

Kelso said this is not a partisan issue, and called upon "fellow Republicans"
to support the effort.

Joan Breuner (sp?), Oakland's vice mayor, said only that she believed that if
the energy situation were happening in Texas rather than California, the
president and FERC would have acted long ago.

During the Q&A session, Cotchett said the urgency filing is necessary because
"5 generators supply 90%" of the electricity in CA and all five have rate
renewals before FERC.  He also said one of the cases that is relevant is Bush
v. Gore, in which the Supreme Court found that failure to set standards
(regarding elections, obviously, in that case) violates the Equal Protection
clause.  He also said six states have expressed interest in the case and have
requested briefs:  Oregon, Nevada, Arizona, Washington, Minnesota and one
other he didn't name.  None of these states has yet committed to joining the
suit.


Tom,

Greg's phone number is 713 853 5220. He is very difficult to reach
(frequent trips).

You may find this information useful: Greg is a West Point graduate
and spent a few years in the  military, before obtaining an MBA from Stanford.
He is a very dynamic person and a very pragmatic thinker.

I hope you have a great holiday weekend.

Vince

"Piazze, Thomas" <piazzet@wharton.upenn.edu> on 06/29/2000 08:51:48 AM
To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
cc: "Gerrity, Thomas" <gerrity@wharton.upenn.edu>, "Lohse, Gerald Lee"
<lohse@wharton.upenn.edu>, "Wind, Yoram" <windj@wharton.upenn.edu>, "Harker,
Patrick" <harker@wharton.upenn.edu>, "Amit, Raffi" <amit@wharton.upenn.edu>,
"'shankman, jeff'" <Jeffrey.A.Shankman@enron.com>, "MacMillan, Ian"
<macmilli@wharton.upenn.edu>
Subject: RE: B2B at Enron

Vince:  Thanks for this message and update on your recent actions to
establish a closer research relationship between Enron and Wharton.  We are
anxious to work with your firm on many fronts and appreciate all that you
and Jeff Shankman are doing to facilitate closure on a number of
initiatives.

The below article is very interesting and reinforces the entrepreneurial
culture of Enron; it also points out one more reason why our faculty is so
interested in collaborating with you and other executives as the company
moves into this new space.

I would like to call Greg Whalley after the 4th of July weekend to establish
contact and begin a dialogue regarding his interest in joining our efforts
as a Corporate Partner. Will you please provide me contact information?

Please let me know if there is any additional information or material you
will need prior to your meeting with Jeff Skilling.  We are anxious to learn
how he responds to your suggestions.

Thanks again for all that you are doing.  Hope you have a great 4th of
July!!

TOM

> -----Original Message-----
> From: Vince J Kaminski [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Wednesday, June 28, 2000 9:53 AM
> To: piazzet@wharton.upenn.edu
> Cc: Vince J Kaminski
> Subject: B2B at Enron
>
>
>
> Tom,
>
> I am sending you the information about our new B2B unit.
> I have talked yesterday with Greg Whalley who is heading the new
> unit about the E-commerce project at Wharton and recommended that Enron
> join
> this program.
>
> I have sent him this morning a copy of the materials you gave me.
>
> The meeting with Jeff Skilling has been pushed till the 2nd half of July.
> I talked to him briefly twice that Jeff Shankman and I want to discuss
> with
> him building a relationship with Wharton. Jeff Shankman is, by the way, a
> great
> friend of
> your institution.
>
>
> Vince
>
> **************************************************************************
> ***************************
>
>   COMPANIES & FINANCE: THE AMERICAS: Enron sees bricks and
>                        bytes mix reshaping energy market: Purchase of MG
> only a
> start in
>                        building B2B platforms, writes Hillary Durgin:
>
>
>
>
>                     COMPANIES & FINANCE: THE AMERICAS: Enron sees bricks
> and
> bytes
>                     mix reshaping energy market: Purchase of MG only a
> start in
> building
>                     B2B platforms, writes Hillary Durgin:
>                     99% match; Financial Times ; 16-Jun-2000 12:00:00 am ;
> 604
> words
>                     By HILLARY DURGIN
>
>                     If Jeffrey Skilling is right,
>
>                     Enron's acquisition of MG is only the tip of the
> iceberg.
> Enron's president and
>                     chief operating officer is engineering a fundamental
> strategy shift at the
>                     Houston energy company, aimed at making it a dominant
> "new
> economy"
>                     player across various industrial markets.
>
>                     The Dollars 446m acquisition last month of MG, the
> UK-based
> metals trader,
>                     is only the first of more than Dollars 1bn in
> estimated new
> investments the
>                     company is targeting. It is seeking vehicles on which
> to
> build
>                     business-to-business (B2B) platforms in sectors such
> as
> logistics, chemicals,
>                     agricultural products and pulp & paper.
>
>                     Mr Skilling wants to take the business model the
> company
> developed in
>                     natural gas and power and apply it to other wholesale
> commodity markets. He
>                     argues the electronic platforms it creates will not
> only
> become the principal
>                     B2B sites for those sectors, but reshape those
> industries.
>
>                     As an example, he points to Enron's new e-commerce
> platform,
>  EnronOnline,
>                     which has changed the way the company does business
> with its
>  customers
>                     while significantly increasing sales.
>
>                     The company - the largest wholesale merchant of
> natural gas
> and power - saw
>                     wholesale, physical deliveries of natural gas surge 53
> per
> cent in the first
>                     quarter.
>
>                     Critics argue that Enron's move away from its familiar
> energy business into
>                     new industries, where the learning curve is steep and
> the
> competition
>                     entrenched, is risky. Yet a number of industry
> analysts
> point out Enron has
>                     proved it understands markets and how to manage risks
> while
> becoming the
>                     largest importer of coal in the UK, the largest trader
> of
> gas and power in the
>                     US and grabbing an advantage in bandwidth.
>
>                     "It's a prudent strategy, but it's got to be done in
> an
> orderly way," says Ronald
>                     Barone, analyst with Paine-Webber in New York. "What
> they're
>  doing here is
>                     what they've been incredibly successful at doing," he
> adds,
> noting that Enron
>                     posted Dollars 1.3bn in earnings before interest and
> taxes
> (ebit) from its
>                     wholesale energy and services business in 1999, up 34
> per
> cent from the
>                     previous year.
>
>                     Earnings from that division accounted for two-thirds
> of the
> company's overall
>                     income before interest and taxes last year, and Mr
> Barone
> sees the unit's ebit
>                     increasing 15-30 per cent annually over several years.
>
>                     As with gas and power and now broadband, where Enron
> is
> standardising
>                     contracts and creating a market in bandwidth, it wants
> to
> create markets by
>                     entering as a physical player and providing merchant,
> risk
> management and
>                     financial services over the internet.
>
>                     "We will provide electronic commerce, but we will
> provide
> liquidity and we will
>                     provide settlement, or fulfilment of that contract,"
> Mr
> Skilling says. "That is an
>                     extremely powerful model. If you look at other B2B
> sites,
> they don't do that."
>
>                     Mr Skilling argues Enron's e-commerce platform will
> triumph
> over the other,
>                     bulletin board-type exchanges, where striking a deal
> depends
>  on two parties
>                     hooking up and working through uncertainties over
> timing,
> price, credit and
>                     fulfilment.
>
>                     Not everyone shares that view. Some energy companies,
> for
> example, would
>                     rather not do business with a competitor. BP Amoco
> recently
> purchased a 3
>                     per cent stake in Altra Energy Technologies, a
> Houston-
> based, neutral
>                     wholesale energy exchange. With Koch Industries and
> American
>  Electric
>                     Power, it also committed to carry out a fixed volume
> of
> transactions on the
>                     site to lend it liquidity.
>
>                     Just as in gas and power and now broadband and metals,
> Enron
>  believes it
>                     needs networks of strategic physical assets. In
> acquiring
> MG, Enron got a
>                     stable of warehouses, lending it a strong physical
> position.
>
>
>                     "It should provide (MG) with a more vibrant, more
> active
> physical spot market
>                     in more markets in the world," says Greg Whalley,
> chief
> executive officer of
>                     Enron Net Works, the new division Enron is launching
> to
> identify and enter
>                     commodity markets. He argues that in metals and other
> markets, Enron will
>                     deliver better pricing, price risk management
> services,
> cross-commodity
>                     transactions and flexible transactions for a wider
> range of
> customers.
>
>                     Mr Skilling says there are significant rewards for
> restructuring an industry.
>
>                     "If you can take that platform, and you use the
> capabilities
>  the bricks bring to
>                     the table, e-commerce the industry and change the
> structure,
>  you're selling for
>                     more than a 50 multiple."
>
>                     Copyright , The Financial Times Limited
>


Stuck on the phone so I thought I'd email you.  Stan has asked Mike Moran if
TW has any potential exposure on the high value transport deals under "anti
gouging" statutes or common law.  You know, the laws that say you can't
charge $100 per sheet of plywood during a hurricane or $50 for a bucket of
water during a drought.  I think we need to research two things:
1.  are there any such laws applicable to our business?  (Cal. state law
would probably be the best place to start)
2.  could the political/regulatory fight in Cal about power and gas prices
ever expand all the way to our transport pricing?  I.e., if the CPUC whacks
the power sellers for taking unfair advantage of their monopoly power, its
not a big leap for the CPUC or FERC or even U.S. congress to whack gas
sellers for jacking prices up to $14/MMBtu, as happened on Friday.  If that
happens, its just another small jump to whack us for charging $1 for
transport, or so the logic goes.  I'd like to hear preliminary views by 8:30
Monday am so I can talk to Mike before Stan's staff meeting (no written memo
necessary).  Based on that prelim. research, we can decide what else need s
to be done.  Thanks df


John,

Did you put Frank Hayden up to this?  If this decision is up to me I would
consider authorizing Mike G., Frank E., Keith H. and myself to trade west
power.  What do you think?

Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/06/2001
10:48 AM ---------------------------
From: Frank Hayden/ENRON@enronXgate on 03/05/2001 09:27 AM CST
To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: FW: Cross Commodity

 -----Original Message-----
From:  Hayden, Frank
Sent: Friday, March 02, 2001 7:01 PM
To: Presto, Kevin; Zufferli, John; McKay, Jonathan; Belden, Tim; Shively,
Hunter; Neal, Scott; Martin, Thomas; Allen, Phillip; Arnold, John
Subject: Cross Commodity
Importance: High

I,ve been asked to provide an updated list on who is authorized to cross
trade what commodities/products.  As soon as possible, please reply to this
email with the names of only the authorized &cross commodity8 traders and
their respective commodities. (natural gas, crude, heat, gasoline, weather,
precip, coal, power, forex (list currency), etc..)

Thanks,

Frank

PS. Traders limited to one commodity do not need to be included on this list.


Coach Jim Haslett had put together the perfect
New Orleans Saints team.
The only thing he was missing was a good quarterback.

He had scouted all the colleges, and even the high schools,
but he couldn't find a ringer quarterback
who could ensure a Super Bowl win.

Then one night, while watching CNN,
he saw a war-zone scene in Bosnia.
In one corner of the screen,
he spotted a young Bosnian soldier with a truly
incredible arm.
He threw a hand grenade straight
into a 15th-story window 200 yards away
--ka-boom!

"I've got to get this guy!"  Haslett said to himself.
"He has the perfect arm!"
So, he brings the kid to the New Orleans
and teaches him the great game of football,
and the Saints go on to win the Super Bowl
for the first time in history.

The young Bosnian is "canonized"
as the Great Hero of football,
and when Haslett asks him what he wants,
all the young man wants to do
is to call his mother.
"Mom," he says into the phone,
"I just won the Super Bowl."
"I don't want to talk to you," the old woman says.
"You deserted us.  You are not my son."
"I don't think you understand, Mother!" the young man pleads.
"I just won the greatest sporting event in the world.
I'm here among thousands of my adoring fans."
"No, let me tell you," the mother retorts.
"At this very moment, there are gunshots all around us.
The neighborhood is a pile of rubble.
Your two brothers were beaten within an inch of their lives yesterday,
and today your sister was kidnapped in broad daylight."
The old lady pauses, and then tearfully says "
 ...I'll never forgive you for making us move to
New Orleans."