Sounds reasonable to me.  I'm afraid the difficult questions are the one you
posed to Peter and whether or not Credit will agree.

Carol St Clair
10/20/99 11:07 AM
To: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc: Peter Keohane/CAL/ECT@ECT
Subject: Cash Collateral in Canada

I have spoken with Daivd Mitchell about the issue that I raised in my e-mail
yesterday regarding which law would govern the "perfection" of our interest
in cash collateral pledged to Enron North America Corp. by a Canadian
counterparty and held by us in an account in the US.  David confirmed that
while a New York/Texas court should apply US law for perfection purposes,
there is a possibility that a court would say that the law where the pledgor
is located would govern perfection.  Because of this uncertainty and because
of the perfection issues under Canadian law regarding cash collateral, do you
all agree that in our masters involving ENA and a Canadian counterparty that
Cash is not an acceptable form of collateral?

Peter,
As I mentioned to you yesterday, with respect to LC's that are issued for our
benefit, there could be a circumstance where we would draw and hold the cash
as collateral.  In that circumstance, I think we need some guidnace from you
and Stikeman as to what we should be doing to perfect our interest in such
cash.  I would be interested in knowing whether in a bankruptcy context
involving a Canadian counterparty, whether the court would hold that such
cash proceeds are property of the estate.

Let me know what you think.  My assistant is trying to set up a call with
you, me and Shari to go through the other Canadian law issues that I raised
in my e-mail to you yesterday.

Carol


thought you might enjoy this!

	Love, Swig

 -----Original Message-----
From: 	Baumbach, David
Sent:	Wednesday, October 24, 2001 2:03 PM
To:	Bass, Eric; Olsen, Michael; Smith, Joseph; Hull, Bryan; Farmer, Daren J.; Schwieger, Jim; Martin, Thomas A.; Weldon, V. Charles; Parks, Joe
Subject:	 terrorists

>
> We've been notified by Building Security that there have been 4
> suspected terrorists working at our office. Three of the four have been
> apprehended.
>
> Bin Sleepin, Bin Loafin, and Bin Drinkin have been taken into custody.
> Security advised us that they could find no one fitting the description
> of the fourth cell member, Bin Workin, in the office. Police are confident
> that anyone who looks like he's Bin Workin will be very easy to spot.
>


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Did we send Schroeder the Acknowledgement and Consent?


Dear Vince,

Hi, I hope your having fun on you vacation!  I just want to drop you a line
since we haven't talked in a while and give you a progress update.  First, I
feeling much better.  Eventhough I was out last week, I finished the
following curves:

Canadian CPI
Phillippines FX and CPI
Mexican FX and CPI
Saudi Arabian FX and CPI
Guatemalan FX

We also helped London RAC with finding information on the UK inflation model
to backtest it.  Gwyn and Yana kept me very busy last week.  Yana, who lives
close by me was nice enough to drop off work at night.  Gywn and I worked on
the curves over the phone.

Yesterday, I got a call from Terry Thorn, he needed economic information and
a presentation to give to EGM management.  I gave him a copy of the
conforming assets presentation, he was very pleased.  This week, I'm working
on a urgent request from RAC.  The board has decided to resurrect Dragon 2,
so we are preparing all the curves for the APACHI region.  I'm also working
on the metals presentation.  See you Thursday.

Regards,

Maureen


Select Lkp.DateValue, Lkp.YearNum, Lkp.MonthNum, Lkp.DayOfWeekName, DA..ZoneCode, DA.PeakOrOffPeak, DA.Price, RT.RTBID,RT.RTOffer,ISO.Inc, ISO.Dec
from(select cadatetime,peakoroffpeak,zonecode,price
from west_spotindex
where cadatetime>'8/31/2001'
group by cadatetime,peakoroffpeak,zonecode,price)da,
(Select Lkp.DateValue, Lkp.PeakOrOffPeak, RT.Entity, Avg(RT.Bid) RTBid, Avg(RT.Offer) RTOffer
From CA_HourlyBidOffer RT, LkpCalendar_Definitions Lkp
Where Lkp.DateTimeValue = RT.CADateTime
and lkp.datevalue>'8/31/2001'
Group By Lkp.DateValue, Lkp.PeakOrOffPeak, RT.Entity)RT,
(Select Lkp.DateValue, Lkp.PeakOrOffPeak, lkpzone.deliverypoint, avg(ISO.PriceInc) Inc, Avg(ISO.PriceDec) Dec
From LkpCalendar_Definitions Lkp, CA_ISOExPost10Price ISO, lkpCA_Zonecodes lkpzone
Where Lkp.DateTimeValue = ISO.CADateTime
and iso.zonecode = lkpzone.zonecode
and lkp.datevalue='9/1/2001'
Group By Lkp.DateValue, Lkp.PeakOrOffPeak, lkpzone.deliverypoint)ISO, LkpCalendar_Definitions lkp
Where DA.zonecode=RT.entity
And DA.zonecode=ISO.deliverypoint
and DA.cadatetime=RT.datevalue
and DA.cadatetime=ISO.datevalue
and DA.PeakorOffPeak=RT.PeakorOffPeak
and DA.PeakorOffPeak=ISO.PeakorOffPeak
and lkp.datevalue=da.cadatetime
and lkp.datevalue=rt.datevalue
and lkp.datevalue=iso.datevalue
ORDER BY LKP.DATEVALUE


Mary and Dari, here is my answer.  Are you comfortable with it
	before I send it to the shipper.  Thanks. Lynn

	Answer:  If an interruptible shipper is bumped in the Intraday 1
	         cycle, the shipper will keep 1/3 of their scheduled volumes.
	         Shippers schedule becomes their actual unless they are the
		   operator of the point.  Therefore, they would not encounter
	         a DDVC penalty.  If the Shipper is the operator, NNG looks at
		   total scheduled volumes vs total actual delivered volumes and determines
		   if a DDVC is appropriate.  The DDVC is based on the difference
		   between total scheduled and the actual delivery at the point.

	If you have any additional questions, please do not hesitate to give me a call.
	Lynn Blair (713-853-7637).

-----Original Message-----
From: Kuehl, Toby
Sent: Thursday, November 15, 2001 10:30 AM
To: Blair, Lynn; January, Steve
Subject: FW: question of curiosity!!!

Lynn, Steve,

When Gary post the SOL or SUL this verbiage goes along with the critical notice:

DDVC penalties are applicable to the bumped shipper's quantity.

Who needs to answer her question?

-----Original Message-----
From: Malstrom, Joanne [mailto:JMalstro@nationalsteel.com]
Sent: Thursday, November 15, 2001 7:46 AM
To: 'NNG@enron.com'
Subject: FW: question of curiosity!!!

> If a shipper is bumped (i.e....their nomination gets cut), how can NNG
> charge DDVC penalties?
>
>
What am I not understanding, please?

> Joanne
>
> ----------
> From: 	NNG@ENRON.COM[SMTP:NNG@ENRON.COM]
> Sent: 	Thursday, November 15, 2001 8:46 AM
> To: 	JMALSTRO@NATIONALSTEEL.COM
> Subject: 	Critical , Other , 20011117   , NNG , 784158214
>
> Other Notice (9977)
> From: NNG
> Effective: Nov 17 2001  9:00AM
> Termination: Nov 18 2001  8:59AM
> Summary:
>
> DDVC penalties are applicable to the bumped shipper's quantity.
> More information can be found at:
> http://www.nng.enron.com/InfoPostings/Shared/et_notices.asp?company=179&In
> etNoticeType=4
>
>


> 80 Countries.
> One Night.
>
> On February 13, 2002, join Ivey Business School grads live around the
> world for the 15th J.C. Taylor Distinguished Lecture Series in Finance via
> webcast.
>
> Stephen McDonald, MBA '83, Chief Executive Officer, TD Waterhouse Group
> Inc. will address Ivey alumni and guests around the world on the
> "Evolution of online brokerages - past, present and future."   The session
> will be interactive, and you will be able to ask questions live via email.
>
> Stephen McDonald runs the leading online financial services firm and the
> world's second-largest broker for self-directed investors.  In his role,
> Mr. McDonald has overall responsibility for the strategic direction and
> growth of the firm which services over 4.5 million customer accounts in
> North America and around the world.
>
> To tune in via webcast or if you wish to find out how to register for the
> live session in New York, please visit
> www.ivey.uwo.ca/Alum_Rel/WEBCAST2002.htm   The event will be broadcasted
> on a big screen at the Richard Ivey School of Business.  Visit the website
> to find out how you can participate live in New York, or from a reception
> with current students in Ivey's large auditorium.
>
> Brought to you by the Ivey Alumni Association/New York and the Richard
> Ivey School of Business.
>
> February 13, 2002
> Join the Ivey Global Community!


Please see message from Kerry Stroup below.
---------------------- Forwarded by Ginger Dernehl/HOU/EES on 04/18/2000
11:39 AM ---------------------------

Kerry Stroup
04/18/2000 11:44 AM
To: Ginger Dernehl/HOU/EES@EES
cc: Janine Migden/DUB/EES@EES, Barbara A Hueter/DUB/EES@EES, Becky L
Merola/DUB/EES@EES
Subject: Ohio regulations regarding certification, market monitoring, ADR,
and electric service standards

The Ohio Commission has recently adopted several sets of administrative rules
required by the state's electric restructuring law.  Rules have been issued
specifiying certification requirements and procedures, reporting requirements
for the Commission's monitoring of the retail marketplace, alternative
dispute resolution, non-competitive electric service standards, and
competitive retail electric service standards.  A document follows,
summarizing some of the major highlights of the adopted rules.  As
promulgated, the rules regarding certification and market monitoring are not
overly burdensome.  The competitive electric service standards are a mixed
bag, e.g. imposing significant duties regarding contract disclosure and term,
while providing for telephonic and Internet enrollment.

Please direct any questions regarding the rules to me.


Marsha Schiller - ext. 3-3356


You are enrolled in the following class:

Harassment Avoidance

Class Days and Times:
  3/5/2001  02:45:00 PM - 04:15:00 PM
Room # & Location: DoubleTree-La Salle B,  Houston
Last Day to Cancel: 03/05/2001
Participant Fee: $50.00
Note:

Please review any prerequisite material to validate your eligibility in this
class.
Your Company and RC will be charged $50.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


Anne,

I shall brief you on the meeting.

Vince

 -----Original Message-----
From: 	Labbe, Anne
Sent:	Tuesday, June 26, 2001 8:03 PM
To:	Kaminski, Vince J
Subject:	Meeting with Debra- Rice Professor

Vince,

Just wanted to let you know that I will not be able to attend the meeting on Monday with Debra, as I will be out of town.  However, please let me know how I can assist you with this developmental process.

Thanks,
Anne


Could you please let me know if there are any procedures that any UBS people are still running that should be run by the estate team?  If there are, please send me a list of them so we can have someone take them over.

Thanks,

Stephanie

Stephanie Hopkins
Enron Net Works
Risk Management
(713) 853-5211


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/16/2001
02:52 PM ---------------------------

"John D. Martin" <J_Martin@baylor.edu> on 03/06/2001 12:01:35 PM
To: Ben Esty <besty@hbs.edu>, Greg Willard <gwillard@mit.edu>,
aagrawal@cba.ua.edu, Andres Almazan <Andres.Almazan@bus.utexas.edu>,
bethel@babson.edu, Murat Binay <mbinay@mail.utexas.edu>,
abutler@finance.bus.lsu.edu, Tyrone.Callahan@bus.utexas.edu, Murray Carlson
<carlsonm@mail.utexas.edu>, chapman@eco.utexas.edu, Kent Daniel
<kent@kent.kellogg.nwu.edu>, fdiebold@mail.sas.upenn.edu, lederington@ou.edu,
Harper1@U.Washington.edu, sgillan@tiaa-cref.org, Stuart Gillan
<sgillan@tiaa-cref.org>, Denis Gromb <dgromb@mit.edu>, grullon@rice.edu,
jarradh@oregon.uoregon.edu, jhartzel@stern.nyu.edu, Jhund@mail.utexas.edu,
daveike@rice.edu, jegadees@uiuc.edu, Cindy.Justice@enron.com, Matthias Kahl
<matthias.kahl@anderson.ucla.edu>, Vince.J.Kaminski@enron.com,
zkhokher@mail.utexas.edu, alynch@debit.stern.nyu.edu, Andras Marosi
<Andras.Marosi@bus.utexas.edu>, "John D. Martin" <J_Martin@baylor.edu>,
Maxwell@ba.ttu.edu, Beth Miertschin <Beth.Miertschin@enron.com>,
metrick@Wharton.upenn.edu, "Thomas H. Noe" <tnoe@mailhost.tcs.tulane.edu>,
Parrino@mail.utexas.edu, Bill Petty <Bill_Petty@baylor.edu>, manju puri
<mpuri@Stanford.EDU>, Ramnath@rice.edu, rampini@nwu.edu,
steve_rich@baylor.edu, eronn@mail.utexas.edu (Ehud I. Ronn), Kemal Saatcioglu
<KemalS@mail.utexas.edu>, Akin Sayrak <asayrak@katz.pitt.edu>,
sirri@babson.edu, Laura Starks <lstarks@mail.utexas.edu>, suarez@cemfi.es,
"A. Subrahmanyam" <asubrahm@anderson.ucla.edu>,
Stice@mailhost.tcs.tulane.edu, Titman@mail.utexas.edu,
stathis.tompaidis@bus.utexas.edu, wangfa@rice.edu, hong.yan@bus.utexas.edu,
Beth Miertschin <Beth.Miertschin@enron.com>, "Karin S. Thorburn"
<Karin.S.Thorburn@Dartmouth.EDU>
cc:
Subject: Hello all

Update:

Preparations for the upcoming Texas Finance Festival III are about complete
and I just wanted to update you on the hotel reservations information.  You
will need to make your reservation before March 20 to be assured of getting
a room in our reserved block.  Also, for "counting" purposes I need
everyone's registration form completed.  Many of you (and a lot of new
faces) have already sent them in but some may not have, so . . .

Lots of fun stuff is planned so come prepared for a very relaxing and
productive weekend!

John

 - announcerev.doc

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Martin

Please, refer John directly to Jinbaek Kim and his academic advisor.

Vince

From: Martin Lin on 03/23/2001 04:19 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Summer internship

As a followup, John Gillespie has expressed interest in participating on the
panel mentioned below.  To whom should I refer John or should somebody
contact him?  I just wanted to know what to tell John.

Thanks,
Martin

Vince J Kaminski
03/23/2001 04:12 PM
To: Martin Lin/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Summer internship

Martin,

Thanks.

Vince

From: Martin Lin on 03/22/2001 04:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Summer internship

I did not find anybody in EBS who seems to know or be involved in any
e-procurement issues.  In Enron Corp, however, there is an initiative called
iBuyIt.  This is a system that Corp is deploying for e-procurement through
Corp and ENA, and will get to EBS sometime late this year.

John Gillespie is in charge of the iBuyIt initiative.  Perhaps he is the
appropriate contact.  I left a voice mail with him, but have not yet received
a response.

Martin

Vince J Kaminski
03/22/2001 07:17 AM
To: Martin Lin/HOU/ECT@ECT
cc:
Subject: Summer internship

Martin,

Please, take a look at Question 3.
Who is the right person at EBS?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/22/2001
07:16 AM ---------------------------

Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/15/2001 01:12:32 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Summer internship

Dr. Kaminski,

Sorry for the late response,
it took me some time to coordinate things.
Finally, it's almost dont :-)
It turned out that from June to August
will be best for me for work at ENRON
(Say June.4 to August.4)

But I still need to know several things from your side.
Could you answer following questions?

First:
Is my suggested working period is OK with you?
If so, let me know what to do for settlement
during the period.

Second:
I got a list of work, I might be able to do for
DealBench team from Ross and Suresh.
I'd like to know it is still a valid work list:
The list he sent is as following:

> 1.  Write a paper in layman's terms that answers
> questions like the following:
> Benefits of auctioning online for both buyers and
> sellers, particularly in reverse auctions
> Explanation how multi-variable auctions are not
> as efficient as price-only auctions (is this true?)
> How many participants are recommended for a
> successful live auction
> What types of goods and services are best suited
> for live auctions versus sealed bid quotes
> Opinions on lotting strategies
> Trends in online private auctions

> 2.  Identify appropriate recent auction research (3
> or 4 papers out of the 90+ you provided)and obtain approvals from the
> authors to post on our site

> 3. Create a list/bibiliography of relevant auction
> literature (with hyperlinks?)

> 4.  Would you be willing to offer auction consulting
> services to our customers (if they are interested)

Third:
There is an e-procurement forum at Haas School of business,
in May 22. The chair of the forum is my advisor Prof. Arie Segev.
A person from Wells Fargo Bank will talk about Wells Fargo's role
in e-marketplace payment initiative,
where ENRON broadband services is also one of key players
along with Citibank.
He asked me whether you can contact a person at
ENRON broadband services, who's related to the initiative.
He wants to know whether we will have a speaker from ENRON
to see ENRON's perspective, in the Forum.

Here is a link to news related to the initiative,

http://www.internetweek.com/story/INW20000808S0001

Fourth:
My advisor wants to know whether
there could be any opportunity to do a case study,
regarding ENRON's business.
He is interested in e-procurement and e-marketplaces.
Business model and System architecture...

Thanks for reading this long email.
I'll look forward to your answer..
I am sorry for giving you so much burden
to answer those questions possibly not easy to answer.

Warm regards,
Jinbaek

-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek

Go Bears!

      :"'._..---.._.'";       `.             .'       .'           `.
     :      a   a      :                 __....._
     :     _.-0-._     :---'""'"-....--'"        '.
      :  .'   :   `.  :                          `,`.
       `.: '--'--' :.'                             ; ;
        : `._`-'_.'                                ;.'
        `.   '"'                                   ;
         `.               '                        ;
          `.     `        :           `            ;
           .`.    ;       ;           :           ;
         .'    `-.'      ;            :          ;`.
     __.'      .'      .'              :        ;   `.
   .'      __.'      .'`--..__      _._.'      ;      ;
   `......'        .'         `'""'`.'        ;......-'
         `.......-'                 `........'

On Mon, 5 Mar 2001 Vince.J.Kaminski@enron.com wrote:

>
> Jinbaek,
>
> This is fine though you are welcome to spend more
> time with us this summer.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/04/2001 03:45:40 PM
>
> To:   Vince.J.Kaminski@enron.com
> cc:
> Subject:  Re: Summer internship
>
>
> Dr. Kaminski,
>
> Thanks for your answer.
> Before I tell you the time frame,
> I'll need to talk with my advisor, first.
> Because here is an on-going-project.
> I need to coordinate the schedule.
>
> I'll appreciate it if you understand my situation,
> and give me some time (less than a week, of course).
>
> For your reference,
> probably
> the dates I'd like to ask you will be
> from mid-May to mid-July (2 months)
>
> Warm regards,
> Jinbaek
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
>       :"'._..---.._.'";       `.             .'       .'           `.
>      :      a   a      :                 __....._
>      :     _.-0-._     :---'""'"-....--'"        '.
>       :  .'   :   `.  :                          `,`.
>        `.: '--'--' :.'                             ; ;
>         : `._`-'_.'                                ;.'
>         `.   '"'                                   ;
>          `.               '                        ;
>           `.     `        :           `            ;
>            .`.    ;       ;           :           ;
>          .'    `-.'      ;            :          ;`.
>      __.'      .'      .'              :        ;   `.
>    .'      __.'      .'`--..__      _._.'      ;      ;
>    `......'        .'         `'""'`.'        ;......-'
>          `.......-'                 `........'
>
>
> On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:
>
> >
> > Jinbaek,
> >
> > You can coordinate the details with me.
> > Let me know what the time frame is for you
> > and we shall send you an appropriate offer.
> >
> > Vince
> >
> >
> >
> >
> >
> > Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/02/2001 04:43:06 PM
> >
> > To:   Vince.J.Kaminski@enron.com
> > cc:
> > Subject:  Re: Summer internship
> >
> >
> > Dr. Kaminski,
> >
> > Thank you very much.
> > Of course, I'll be happy to have an opportunity
> > to work at such a wonderful company.
> > I was contacting with Surech Raghavan at Deal Bench team,
> > and was going to express my appreciation to you again
> > after settling down process with them.
> >
> > For the period of working,
> > I still need to coordinate with my advisor and
> > may need to adjust according to that.
> > but anyway, I'll try to coordinate smoothly.
> >
> > Please let me know whether I should keep contacting
> > with Deal Bench team,
> > for working period and
> > for misc. living support such as finding a place, rent a car, etc.
> >
> > I appreciate you so much again,
> > for arranging such meetings and giving me an opportunity.
> > All this opportunity will not be available to me,
> > without your kind help.
> >
> > Warm Regards,
> > Jinbaek
> >
> > -----------------------------------------------------------------------
> > Jinbaek Kim
> > Ph.D Candidate
> > Dept. of Industrial Engineering and Operations Research
> > U.C.Berkeley
> > http://www.ieor.berkeley.edu/~jinbaek
> >
> > Go Bears!
> >
> >       :"'._..---.._.'";       `.             .'       .'           `.
> >      :      a   a      :                 __....._
> >      :     _.-0-._     :---'""'"-....--'"        '.
> >       :  .'   :   `.  :                          `,`.
> >        `.: '--'--' :.'                             ; ;
> >         : `._`-'_.'                                ;.'
> >         `.   '"'                                   ;
> >          `.               '                        ;
> >           `.     `        :           `            ;
> >            .`.    ;       ;           :           ;
> >          .'    `-.'      ;            :          ;`.
> >      __.'      .'      .'              :        ;   `.
> >    .'      __.'      .'`--..__      _._.'      ;      ;
> >    `......'        .'         `'""'`.'        ;......-'
> >          `.......-'                 `........'
> >
> >
> > On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:
> >
> > > Hello,
> > >
> > > Sorry for a delay in getting back to you.
> > > We would like very much to offer you a summer internship.
> > >
> > > Please, let me know if you are interested.
> > >
> > > Vince Kaminski
> > >
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


INTEROFFICE MEMO

From: John Lavorato & Dave Delainey

To: All of ENA and EES

Re: ENA and EES Industrial SIC Codes

As Enron continues to build its origination and customer business in the US, it is becoming increasingly important that both ENA and EES target the appropriate industries and customers with our respective value propositions.  Double coverage and duplication waste resources and damages Enron's reputation in the market place.  It is also important that the right product, solution and sales technique are utilized to ensure the maximum benefit for our customers and Enron.

Consistent with the past, EES will be focused on those SIC codes or industries that are less energy intensive and are less sophisticated in their management of energy.  ENA shall continue to target and cover those industries and customers that are very energy intensive and employ significant process load.  We ask that both organizations respect the boundary.  In those few cases where this policy is not appropriate, please over communicate to ensure close coordination between ENA and EES before customer contact.

Effective immediately in the US and regardless of total energy consumption or number of sites, the following SIC codes have coverage responsibility in ENA.  All other industrial and commercial SIC codes and activity will be managed by EES.

ENA SIC Codes:

Primary Metals Mining and Extraction
Oil and Gas Extraction
Paper and Forest Products
Chemicals - except for pharmaceutical, biotech and small specialty chemical that will be EES customers
Refining
Petroleum and Coal Manufacturing
Plastics and Rubber Manufacturing
Fertilizer
Rail
Auto - restricted to the Big Three - Ford, GM and Daimler-Chrysler
Cement
Aerospace - restricted to Boeing, Raytheon, GE Aircraft, Allied Signal, Hamilton-Sundstrom
Large Agricultural Processing


On November 8, the Office of the Chairman, issued an important communication,
announcing significant organizational changes in Enron's worldwide
operations. The purpose of this memo is to share with you the decisions that
are underway to restructure  Enron,s operations in South America.  The basic
organizational framework has been set.

As you know, Diomedes Christodoulou and Jim Bannantine will be assuming new
responsibilities within Enron. Replacing them will be Orlando Gonzalez and
Joe Kishkill, who will become the Co-Presidents of South America, reporting
to Dave Delainey and John Lavorato.  They will share overall responsibility;
however, Orlando,s focus will be on direct sales origination,
commercial/government relationships and regulatory issues.  Joe,s focus will
be on wholesale origination, financial and operating performance and overall
country management.  In addition, Orlando will continue as President and CEO
of Elektro until its ultimate sale.

The existing, large integrated asset base in South America (excluding
Elektro) will be managed and operated by Rebecca McDonald and Jim Hughes in
Enron Global Assets, which is part of Enron Wholesale Services under Mark
Frevert. Ultimately, there will be very close coordination in both Brazil and
Argentina between Enron Americas and Enron Global Assets to ensure that our
reputation in South America is protected, our asset positions are being
managed prudently and that commercial opportunities surrounding these assets
are pursued.

The remaining natural gas and electrical commercial activities in South
America will be organized around the highly successful North American network
business model.  This model employs people, market making, physical
commodities, capital and assets to provide reliable, flexible and high-value
products to our customers.  It is people and intellectual capital based and
enjoys high rates of return on invested capital.

In the interest of pursuing this strategy, the following teams will report to
Joe and Orlando:

The Commercial Origination team will be lead by Brett Wiggs.  The team will
focus on covering South American markets, primarily Brazilian and Argentine
natural gas and electricity, with the following goals:

? Generating new, innovative, reliable and high value products and services
needed by the market by utilizing our commodity, asset and capital
capabilities;
? Providing those products and services across South America and across the
value chain, including wholesale and retail, based upon the highest value
opportunity;
? Finding structural value arbitrages in the South American market and move
quickly to capitalize;
? Assisting the Risk Management and Trading organization in managing the
overall risk of the organization;
? Managing all new power and asset development opportunities in South America
consistent with this strategy, and
? Providing the Risk Management and Trading organization information and deal
flow.

The Commercial Origination team will consist of a diverse group of people who
work as a single team which bring the required skills including commodity,
capital, regulatory, asset, development, market, structuring, deal execution,
finance and country knowledge necessary to reach our goals.

The Trading and Risk Management team will be headed by Remi Collonges.  The
team will continue to develop pricing information and manage the price book
for the relevant energy markets in support of the wholesale and direct sales
efforts.  Additionally, the team will work toward implementation of actively
trading South American energy commodities.  This group will be responsible
for managing Enron South America,s overall risk and will have a direct
reporting relationship with John Lavorato in his role as head of the Americas
risk activities.

The Argentine effort will be integrated into the overall South American
Commercial Origination and Trading and Risk Management groups; however, we
will continue to maintain an Argentine office headed by Michael Guerriero.

The goal of the reorganization is to create a flat team oriented organization
that is very market and commercially focused.  The following support
functions will assist the overall business objectives of the commercial team
and will report into Joe and Orlando, plus into their line functions in
Houston.  The overall goal is to ensure that the South American business
units have an adequate support organization to evaluate opportunities, as
well as manage day-to-day business and risk.  Otherwise, the Houston
infrastructure will provide resources as needed to manage peak requirements
in South America, not unlike other businesses in Enron Americas.

These groups include:

The Government Affairs team, which will be headed by Sergio Assad, will
manage the relationships with the relevant regulatory agencies as well as
governmental ministries.  The primary regulatory goal will be to facilitate,
in the near term, substantive changes to the regulatory rules to allow a
functioning wholesale traded market in Brazil and Argentina. Sergio will
assume his responsibilities upon completion of the Elektro sale.  During this
interim period, Jose Bestard will continue to be in charge of the regulatory
function.  Once Sergio makes the transition, he will also report to Rick
Shapiro in Enron Government Affairs.

The Finance team will be headed by Britaldo Soares.  The team will manage the
interface with Enron Global Finance.  Britaldo will transition from his
current duties at Elektro upon completion of the Elektro sale.  Britaldo will
also report to Joe Deffner in Enron Global Finance.  Rob Gay will be
assisting Britaldo during the transition, while continuing his work on the
Cuiaba project.

The Legal team, which will be lead by Randy Young, as general counsel, and
John Novak, as deputy general counsel, will manage South America,s legal
requirements.  Randy and John will also report to Mark Haedicke in Enron
Wholesale Services - Legal Department.

Miguel Padron will become Chief of Staff.  Human Resources, Information
Technology, Treasury, Accounting & Reporting, as well as Administration will
report to Miguel.  This will bring focus to essential, but non-commercial
functions, as well as more efficiently manage key matrix reporting
relationships with Enron.  Miguel will also report to David Oxley in Enron
Wholesale Services ) Human Resources and Wes Colwell in Enron Wholesale
Services ) Business Analysis and Reporting.

These changes are consistent with Enron's evolving business strategy and
reflect our continuing commitment to grow the company by maximizing our
financial and intellectual capital.  However, in line with the new
organizational structure and the near term potential for business in the
region, further budget reductions will be necessary.  People directly
affected will be notified shortly.

Enron is committed to continue the successful implementation of its
businesses in South America.  We believe that as the markets develop, we are
uniquely positioned to leverage Enron,s core capabilities and create
shareholder value.


---------------------- Forwarded by Tana Jones/HOU/ECT on 04/27/2000 02:20 PM
---------------------------

Leonardo Pacheco@ENRON
04/27/2000 01:38 PM
To: Tana Jones/HOU/ECT@ECT, James Ginty/Corp/Enron@ENRON, Mark
Taylor/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT
cc:
Subject: Bandwidth Products On EnronOnline. (Revised)

FYI
---------------------- Forwarded by Leonardo Pacheco/Corp/Enron on 04/27/2000
12:36 PM ---------------------------

Leonardo Pacheco
04/27/2000 01:07 PM
To: Jay Hawthorn/Enron Communications@Enron Communications, Tom
Moran/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Jeff
Blumenthal/HOU/ECT@ECT
cc: David Forster/Corp/Enron@Enron, Dale Neuner/HOU/ECT@ECT, Cynthia
Harkness/Enron Communications@Enron Communications

Subject: Bandwidth Products On EnronOnline. (Revised)

Please note that we have added another product type (bringing the total
number to three)!.
We have built three new Products Types called US Bandwidth DS3 Physical
Forward, US Bandwidth OC3 Physical Forward, and US Bandwidth OC3c Physical
Forward. Please go into DataManager and approve these Product Types (look at
attached Document for long descriptions).  We are going life on the 1st of
May.  If you need help with the approval process contact Dale Neuner (ext.
39746) or myself (ext. 39938). Please Do Not Reject the Product Type. If you
have questions or changes to the Product Type please contact me at your
convenience.

Thank you very much for your co-operation!

Leonardo Pacheco
ext. 39938


Jim:

I was hoping that we could speak sometime today as I will be out of the
office Dec. 7 and 8.  I would like to discuss your comments the Schedule and
receive your blackline to the Credit Support Annex.  I am available all day
except between the hours of 10 am - 2 pm (Houston time).  I look forward to
hearing from you.  Regards.  Sara


Kristin, I have it on the calendar for Friday, October 13.  I also left
Friday, November 10 on the calendar, too.  I'll check with him about meeting
you vs. picking you up and let you know what he says.  Hope your having a
good day - see you Saturday night.  SRS

"Skilling, Kristin" <kskilling@EHSHOUSTON.ORG> on 09/28/2000 02:41:08 PM
To: "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:

Subject: RE: Lunch with your Dad

i tihnk that fridays would be the best. So that friday the 13th would work.
I get out of class at 11:55 so if he wants to pick me up or i will meet hi
somewhere...it doesn't really matter to me. Just email me back and let me
know what he wants to do

-----Original Message-----
From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com]
Sent: Thursday, September 28, 2000 2:08 PM
To: kskilling@ehshouston.org
Subject: Lunch with your Dad
Importance: High

Hi, Kristin.  Your Dad asked me to get in touch with you to see about
setting up some lunches for the two of you.  He's traveling quite a bit
again in October, but I'll give you the dates he's available and you tell
me which of those days you can do it:

Friday, October 13
Monday, October 16
Thursday, October 19
Thursday, October 26
Wednesday, November 1
Monday, November 6
Friday, November 10
Monday, November 13
Tuesday, November 14.

I'll hold all of these dates for you until I hear back from you.  Would you
be able to go at 12:00 noon?  SRS


Could you please see if you can get a copy (electronic) preferably of this?
Greatly appreciated.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/05/2000 05:07
PM ---------------------------

Kathy Ringblom@ENRON
09/05/2000 05:05 PM
To: Jeffery Fawcett/ET&S/Enron@ENRON, Jeff Dasovich/SFO/EES@EES
cc:
Subject: Re: So Cal Edison Claims Withholding of Pipeline Capacity

I requested a copy of the filing from the CPUC - they are mailing it to me
because they don't have a fax machine.  I hope this doesn't duplicate
anything you've done.

---------------------- Forwarded by Kathy Ringblom/ET&S/Enron on 09/05/2000
05:02 PM ---------------------------

	From:  Drew Fossum                           09/05/2000 03:58 PM

To: Jeffery Fawcett/ET&S/Enron@ENRON
cc: Jeff Dasovich/SFO/EES@EES, Kathy Ringblom/ET&S/Enron@ENRON

Subject: Re: So Cal Edison Claims Withholding of Pipeline Capacity

Jeff and Jeff--Pls keep me and Kathy Ringblom posted on whatever you find.
Thanks. DF

Jeffery Fawcett
09/05/2000 01:31 PM
To: Jeff Dasovich/SFO/EES@EES
cc: Drew Fossum/ET&S/Enron@ENRON

Subject: So Cal Edison Claims Withholding of Pipeline Capacity

Jeff,
Is it possible for TW to get a copy of the Edison filing at the CPUC?  While
the article [shown below] doesn't provide any details, I suspect Edison's
complaint echoes earlier allegations against El Paso regarding their sale of
the 1.2 Bcf/d block of capacity to their affiliate.  I don't think
Transwestern and/or Enron affiliate marketing companies are implicated in
this deal at all.

Can you confirm this is an "El Paso only" problem and not something Enron is
being drawn into?  I really appreciate your help here.

	From:  Drew Fossum                           09/05/2000 01:17 PM

To: Lorna Brennan/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON,
Lorraine Lindberg/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lindy Donoho/ET&S/Enron@ENRON, Lee
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON

Subject: Re: So Cal Edison Claims Withholding of Pipeline Capacity

Please get copies to me asap of the Edison motion and the CPUC FERC
complaint.  Has someone, maybe someone at ENA, already looked at any
allegations about Enron or TW?  Please forward these to Kathy Ringblom also
and I'll have her itemize any allegations we might want to repond to.
Thanks  DF

ET & S Business Intelligence Department
From: Lorna Brennan on 09/05/2000 09:30 AM
To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON,
Lorraine Lindberg/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lindy Donoho/ET&S/Enron@ENRON, Lee
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Dari Dornan/ET&S/Enron@ENRON, Maria
Pavlou/ET&S/Enron@ENRON, Jim Talcott/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON
cc:
Subject: So Cal Edison Claims Withholding of Pipeline Capacity

Edison Charges Gas Market Manipulation

Southern California Edison filed a motion late last week with the California
Public Utility Commission seeking emergency relief from high spot gas prices
on which its power purchase rates are based. The company told the CPUC that
Southern California Border (Topock, AZ) prices in the last month have risen
by $2.50/MMBtu possibly because of market manipulation, in particular the
withholding off of the market of pipeline transportation capacity between the
supply basins and the California border.

"[T]here is substantial and compelling evidence that the basis differential
has been and continues to be grossly distorted by market power abuse,
collusion and affiliate self dealing of out-of-state gas suppliers and
merchants," Edison told the CPUC.

The company noted the CPUC already has filed a Section 5 complaint with FERC
regarding this issue and is seeking a recision of "certain allegedly
collusive contracts which it contends have permitted out-of-state natural gas
suppliers and their affiliates to drive up artificially California border gas
prices by wrongfully withholding capacity." It notes the complaint
"conservatively estimates that the anti-competitive manipulation of the basis
differential has already damaged California gas and electricity users by $100
million annually since the beginning of 1998."

Edison seeks an expedited order authorizing it to use the posted gas price of
$4.5133/MMBtu, which was applied to SCE's August 2000 avoided cost posting,
to calculate its payment obligations to qualified power producers for the
month of October and every month going forward. It estimated September
bidweek border prices would average $7/MMBtu. If such prices were used in
Edison's September avoided costs posting, its Transition Formula payments to
certain independent power producers will be $29 million more than the month
prior, the company told the CPUC. "No mechanism exists to recapture the
increase in such payments if it is later determined by this commission or in
another forum that the Topock border indices are unreliable at this time."

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


I've changed both of these. Thanks a lot for the info - you know, I went
through all of this before, even to the point of looking up the contract with
Christian Yoder - but the traders need it beaten into their heads! I'll
remind them, and we'll see what happens......

Kate

Rhonda L Denton
04/26/2001 03:36 PM
To: Kate Symes/PDX/ECT@ECT
cc: Sharen Cason/HOU/ECT@ECT

Subject: City of Oakland

the CP name is "The City of Oakland, a municipal corporation acting .... blah
blah blah
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 04/26/2001
05:35 PM ---------------------------

	Enron North America Corp.

	From:  Sharen Cason                           04/26/2001 05:19 PM

To: Kate Symes/PDX/ECT@ECT
cc: Rhonda L Denton/HOU/ECT@ECT
Subject: City of Oakland

593969 and 593970

These two deals are in as the wrong counterparty.  I am asking Rhonda to
inactivate this name so he won't keep using it.  I think it is a real long,
involved name starting with "the" rather than city of Oakland.  Go figure how
someone alphabetizes!  Can you check into this.

Thanks!


Performance-Based Ratemaking Conference

December 5-7, 2001, Denver, CO

OVERVIEW

Performance Based Ratemaking (PBR) is emerging as a key element of the restructuring of the electric utility industry. For PBR to be effective it must be designed carefully and uniquely for each utility so as to align the interests of the utility, the shareholders and the customers and also to make sure that PBR is successful in achieving efficiency and service quality.

EUCI has put together a covey of expert speakers to review and address the latest PBR developments and applications.  Join us in Denver and get the latest state-of-the-art information and insights you will need to develop an effective PBR strategy for your company.

The website links for the Workshop and Conference are provided below:

Performance-Based Ratemaking: Theory and Applications Workshop, Dec. 5, 2001, Denver, CO

<http://www.euci.com/wrkshpoverview.asp?ConfID=9&WrkshpID=4>

Performance-Based Ratemaking Conference, Dec. 6-7, 2001, Denver, CO

<http://www.euci.com/confoverview.asp?ConfID=9>

Electric Power Market Performance Conference

December 12-14, 2001, Denver, CO

OVERVIEW

Each year there is additional opportunity to draw lessons regarding electricity market structure and design from actual market performance. These lessons are leading to a convergence in market design, at least in the Eastern Interconnection and ERCOT. One focus of this conference will be on the lessons to be drawn from the experience of the new ERCOT markets, the continuing market design problems in California, and the difficulties in developing and implementing a market based congestion management system in the midwest.

A second focus of this conference will be on the existing markets in PJM and New York, which have now moved beyond managing their internal markets and are being pushed by market participants and regulatory agencies to better address inter-RTO coordination and develop market based incentive systems for transmission expansion.

Finally, the conference will highlight one of the important, but little noticed successes of the Eastern ISOs, which is the explosive growth in the PJM and New York financial rights auctions.

The website links for this conference and associated workshop are provided below:

Power Market Design Workshop, Dec. 12, 2001, Denver, CO

<http://www.euci.com/wrkshpoverview.asp?ConfID=12&WrkshpID=7>

Electric Power Market Performance Conference, Dec. 13-14, 2001, Denver, CO

<http://www.euci.com/confoverview.asp?ConfID=12>

 Electric Risk Management 101 Workshop

And

Portfolio Optimization for Electric Utilities Conference

January 22-25, 2001, New York City, NY

OVERVIEW

In the current environment of volatile energy prices and deregulation, it has become increasingly more important for the electricity industry to learn how to manage price risk. EUCI presents two events formatted for the beginner to the expert in price risk management. The first Workshop is designed for the beginner with no prior experience in risk management and introduces the basic vocabulary and concepts in a concise and easily understandable format which forms the foundation for the more advanced concepts applied in the second event (Conference).

The website link for these events are provided below:

Electricity Risk Management 101 Workshop, Jan. 22-23, 2002, New York City, NY

<http://www.euci.com/wrkshpoverview.asp?ConfID=13&WrkshpID=8>

Portfolio Optimization for Electric Utilities Conference, Jan. 24-25, 2002, New York City, NY

<http://www.euci.com/confoverview.asp?ConfID=13>

Transmission Expansion and Systems in Transition Conference

Feb. 6-7, 2002, Miami, Florida

OVERVIEW

This conference will examine the business and regulatory challenges to U.S. electric systems in transition in effectively expanding transmission capacity to meet new demands in the larger and more competitive regional markets emerging under FERC's RTO initiatives.  The conference will review the parameters of these challenges and possible solutions to them.  It will examine technology options and new business models for transmission expansion.  It will analyze emerging proposals for effective transmission planning and pricing, including market-based pricing alternatives to FERC's traditional pricing methods. The conference will also discuss what it will take in legislative action and regulatory initiative to achieve an efficient regime for ensuring that the nation has a reliable grid and regional trading system.

The website links for the Conference and associated Workshops are provided below:

Transmission Expansion and Systems in Transition, Feb. 6-7, 2002, Miami, Florida

<http://www.euci.com/confoverview.asp?ConfID=14>

Lessons from Transmission Pricing in Competitive Systems Around the World, Feb. 5, 2002, Miami, FL

<http://www.euci.com/wrkshpoverview.asp?ConfID=14&WrkshpID=9>

Market-Based Transmission Expansion Workshop, Feb. 8, 2002, Miami, FL

<http://www.euci.com/wrkshpoverview.asp?ConfID=14&WrkshpID=10>

We have updated our website to include new conference proceedings on recently-held "Power Generation Asset Management" and "Power T&D Asset Management" conferences. Please visit www.euci.com <http://www.euci.com/> and review the conference proceedings section.

Kindly forward this announcement to your colleagues who might benefit from attending these events.

Best Regards,

L. Mrig

Electric Utility Consultants, Inc. (EUCI)

5555 Preserve Drive

Greenwood Village CO 80121

Tel: 303-770-8800

Fax: 303-741-0849

lmrig@euci.com <mailto:lmrig@euci.com>


Here is my attempt at modifying the letter to conform to our discussions this afternoon.  The redline markings indicate changes to a clean version of the draft sent yesterday.  This draft incorporates a slightly modified version of the confidentiality statement you provided earlier today (changed Parties' to Party, etc.).  Please acknowledge receipt.

 - GulfExpediteLetter2.doc


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

 - 10-16 0900 Report.xls


I'll drive you to the airport tonight...IF I get to come over for a swim
Sunday. (Believe me, my motives are purely selfish - your pool is so much
"cooler" than mine.)

-- By the way, even with our slight car problem I had a great time last
night.  You're really going to have to stop being so much fun to be around or
you'll never be able to successfully ditch me (although last night was a
valiant effort).


Kay,
This is the last set of emails exchanged re: Delta docs.  Feel free to call
Tam to check on the status (Tam is a woman...).
-Catherine

 -----Original Message-----
From:  Clark, Catherine
Sent: Thursday, May 10, 2001 2:18 PM
To: 'TPham@milbank.com@ENRON'
Subject: RE: Salmon Energy LLC

For Salmon Energy, GE and Enron, please send the documents to me and I'll get
them to the correct legal counsel.  For Wilmington Trust, please send to the
address below for notarization (I guess you can also send him executed
documents and he can forward to his counsel):

Jose Mercado
Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE 19890
Phone: 302-651-8631
Fax: 302-651-8882
jmercado@wilmingtontrust.com

Thanks,
-Catherine
713-853-9943

 -----Original Message-----
From:  TPham@milbank.com@ENRON
[mailto:IMCEANOTES-TPham+40milbank+2Ecom+40ENRON@ENRON.com]
Sent: Thursday, May 10, 2001 1:23 PM
To: Clark, Catherine
Subject: Salmon Energy LLC

Catherine,
I am helping Karl put together execution documents for the various parties.
My question to you is who should the Assignment and Assumtion Agreement and
the Bill of Sale go to at Salmon Energy LLC, GE Packaged Power and Wilmington
Trust Company?  I will send you the originals for Enron and E-Next.
In addition, the signature for E-Next by WTC was not notarized on the Bill of
Sale.  I will send it back to them for notarization, but will need to know
who to send it to.  Your assistance would be greatly appreciated.
Best regards,
Tam T. T. Pham
Milbank, Tweed, Hadley & McCloy LLP
One Chase Manhattan Plaza
New York, NY  10005
tel:        (212) 530-5463
fax:      (212) 822-5463
This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


Copper Eagle Conducts Open Season for AZ Storage Facility
Copper Eagle Gas Storage LLC., a joint event of El Paso Corp. and Pinnacle West Energy, currently is conducting a non-binding open season to assess market interest in a proposed high-deliverability natural gas storage facility to be located west of Phoenix, AZ, in Maricopa County.
"We haven't decided whether to firmly go ahead with the project" at this point, said Sheri Foote, a spokeswoman with Pinnacle West Energy, a subsidiary of Phoenix-based Pinnacle West Capital Corp. If Copper Eagle should receive the go-ahead, however, she noted it would be the first storage facility to be located in Arizona. She would not give a timetable as to when a final decision would be made.
The storage facility would have a working gas storage capacity of 3.2 Bcf, with the capability of withdrawing the entire working gas volume in 10 days, and injecting the working gas volume in 20 days. The project, assuming it gets the green light, is expected to be in service by the fourth quarter of 2004.
The non-binding open season, which began last Tuesday, will run until Oct. 24 at 5 p.m. CDT. For more information about the project and the terms of the open season, go to web site www.coppereagleGS.com <http://www.coppereagleGS.com> or telephone Russ Kovin at (832) 676-5659.


Sally,

Attached is the distribution for "All Analyst" and the distribution for
Analyst 1, 2, and 3.  You don't really get much data by breaking them down
because the groups are so small, but the overall combined graph provides some
insight.   Let me know if you need anything else.

Anne Marie
39988


Please note that I will be out of the on Tuesday, July 11th  through Friday,
July 14th.  I will return on Monday the 17th.  In my absense, my desk will be
covered as follows:

Tom Acton:
980067 Lonestar Katy----daily confirmations
980072 Aquila Header--daily confirmations
980069 Trunkline--daily confirmations
986780 Oasis Katy--daily confirmations
Oneok transport--daily scheduling
Western transport--daily scheduling
Midcon transport--daily scheduling

Carlos Rodriguez:
Lonestar Pipe Line--offsystem scheduling/pathing
Midcon Pipe Line--offsystem scheduling/pathing
Dow Pipe Line--offsystem scheduling/pathing

Eddie Janzen/Mary Poorman:
Oasis Pipe Line--offsystem nominations/scheduling/pathing

Thanks,
Mark
x33396


Adele:

Here is a draft of a letter agreement amending the online Electronic Trading
Agreement.  Please let me know if it is ok and I will have a copy executed
and faxed over to you.

My apologies for the delay - I thought I had sent this to you last week but I
can't find any record of it so I must not have done it.

Mark


Please see the revised memo, which is the final version.


Got your note.  I am not incredibly attached to Commercial Support and I agree that overall it probably sounds second class.   Professional Services sounds fine to me.  I have forwarded your message to a handful of my direct reports to get their comments - Bob Hall, Brent Price, Beth Apollo and Peggy Hedstrom.  I should hear back from them today, and I will pass along any pertinent comments.  Thanks.  --Sally

 -----Original Message-----
From: 	Oxley, David
Sent:	Friday, June  1, 2001 12:42 PM
To:	Beck, Sally; Colwell, Wes
Cc:	Kean, Steven; Olson, Cindy; Lynch, Drew; Pieper, Kalen; Jones, Robert W.- HR Exec; Barnard, Marla; Joyce, Mary; Smith, Gary; Corteselli, Gina
Subject:	Proposal to Change "Commercial Support" peer group label to "Professional Services"

At the VP PRC meeting last Wednesday, Dave Delainey proposed we consider retitling the Commercial Support peer group as above. Apparently this suggestion was made and broadly supported at a policy committee meeting a few weeks ago. The suggestion is that the Support label is seen rather negatively across the organisation and the new label may be an improvement.

The VP PRC Committee resolved that they would be open to supporting a change, subject to the senior leads from across CS providing their views/support.

I volunteered to circulate this note to the 2 of you in EWS and ask my colleagues from HR to share with their CS leads to solicit their views before returning to the committee late next week with summarised reaction. Perhaps you would provide me with your views and a vote for or against?

I would strongly recommend that we do broadly discuss this outside a small circle of people.

David


hey you! I was sorry to hear about your grandmother- how is your family
dealing with everything?? How are you?? I cannot imagine what you are going
through, so I cant say that I understand, but I am sorry. Please write soon!
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

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http://profiles.msn.com.


---------------------- Forwarded by Larry May/Corp/Enron on 09/14/2000 03:21
PM ---------------------------

Ina Rangel@ECT
09/13/2000 05:47 PM
To: Jaime Williams/NA/Enron@ENRON, Gabriela Cantu/NA/Enron@Enron, Alejandro
Montemayor/NA/Enron@ENRON, Agustin Perez/NA/Enron@ENRON, Per
Sekse/NY/ECT@ECT, Mckenzie Senigal/HOU/ECT@ECT, Larry May/Corp/Enron@Enron,
Tim McKone/Corp/Enron@Enron
cc:

Subject: New Reports from PIRA

---------------------- Forwarded by Ina Rangel/HOU/ECT on 09/13/2000 05:46 PM
---------------------------

"PIRA Energy Group" <Information@pira.com> on 09/13/2000 01:16:01 PM
To: "PIRA Energy Retainer Client" <sande@pira.com>
cc:
Subject: New Reports from PIRA

To PIRA's Retainer Service Clients,
Attached are two strategic reports on the telecom industry that address the
burgeoning market for bandwidth and the implications for the energy
industry.
The first report, "BROADBAND OR DEADBAND: An Appraisal of the Fledgling
Bandwidth Commodity Market," focuses on trading in the wholesale broadband
market.  To assist readers in navigating this report (as well as the second
report) a short glossary of terms can be found in its Appendix.
The second report, "THE DASH FOR CASH: Lucrative Opportunities to Provide
High-Speed Internet Access," focuses on the means by which consumers will
access this communications capacity and some strategic opportunities for
energy companies.
We hope you find these reports useful and strategically provocative.  After
investing great effort in becoming conversant in this area, it is clear to
us at PIRA that the energy marketplace will be forever changed by the demand
for, and creation of, substantial broadband.  What is NOT clear to us at
this time is how we can best assist our clients that are looking to
participate in these developments.  In light of that, we ask that you take a
moment to complete the brief survey that is also attached to this email.
Thank you.
Sincerely,
Dr. Gary N. Ross
Chief Executive Officer

 - Broadband or Deadband.doc
 - Dash for Cash.doc
 - Survey.doc


The report named: West VaR <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=36&report_name=West+VaR&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/26/2001>, published as of 11/26/2001 is now available for viewing on the website.


Please be advised that we are in receipt of a distribution from the escrow agent in the amount of $ 35,181.60. This brings total recoveries to $ 1,872,457.55.

If there are any questions, please advise.

Regards.

 -----Original Message-----
From: 	Cherry, Paul
Sent:	Wednesday, February 13, 2002 9:43 AM
To:	'greg.porter@dynegy.com'
Subject:	FW: Kimball Trading Bankruptcy

 -----Original Message-----
From: 	Cherry, Paul
Sent:	Wednesday, February 13, 2002 9:42 AM
To:	'J.greg.porter@dynegy.com'
Subject:	FW: Kimball Trading Bankruptcy

 -----Original Message-----
From: 	Cherry, Paul
Sent:	Wednesday, February 13, 2002 9:38 AM
To:	Corman, Shelley; Dietz, Rick; Zadow, Raetta; Fancler, Dan; Talcott, Jim; 'peter.j.pavluk@dynegy.com'; 'molly.a.harris@dynegy.com'
Cc:	Peters, Jerry; Hayslett, Rod; 'greg.porter@enron.com'; White, Angela
Subject:	Kimball Trading Bankruptcy

Please be advised that we are in receipt of a distribution from  the escrow agent in the amount of $ 17,996.32. This brings total recoveries to $ 1,837,275.95 or 36% of our claim amount of $ 5,100,000. We anticipate future distributions from the escrow agent as well as a possible final distribution from the Trustee.

If there are any questions, please advise.

Regards.


-----Original Message-----
From: 	Williams, Robert C.
Sent:	Friday, September 07, 2001 2:54 PM
To:	Sharp, Vicki; Delainey, David
Cc:	Haedicke, Mark E.; Whalley, Greg; Dietrich, Janet; Leff, Dan; Jim Steffes@ENRON; Sanders, Richard B.
Subject:	RE: California AG's Invesigator/Gray Davis' Customer Contact

We are considering four courses of action:  a suit against Gray Davis for tortious interference with contract; a suit for an injuntion against the AG; a letter of to our customers; and a letter to the press from one of our customers.

California counsel is researching whether under California law state officials can be sued for tortious conduct.  The answer depends upon whether the State has waived its sovereign immunity that would normally protect it from such suits.  We may not have a definitive answer to this question until Monday.  If California law does provide for such a waiver, we could sue the Governor and the State for tortious interference with conduct.

An additional obstacle to enjoining the AG is that the California statutes give the AG broad authority as to how he conducts an investigation.  Still, if we can get evidence that the AG's investigator is making untrue or misleading statements or engaging in some other misconduct (we would need an affidavit from a customer as proof), we could go into court to complain that the AG is abusing his authority.

A letter to our customers could cause Davis and Lockyer to back off.  Neither wants negative reports about them circulating among California businessmen (who they primarily see as potential campaign contributors).  The letter would lay out the "truth about the California energy crisis and Davis/Lockyer's misguided and politically-motivated search for a scapegoat."  We could perhaps use Judge Kobayashi's statement in the Dunn subpoena proceeding that the California energy crisis was "created in part by all arms of the California government" to support our case.  We could also use published reports (if verifiable) about the DWR's imprudent purchases of power, and cast the AG's investigation as an attempt to divert attention from Davis/Lockyer's lack of any success in addressing the the crisis.  We could thank our customers for not being swayed by the demagogery and rhetoric, and for continuing to be our business partners.  We would want this to be positive in tone.

A fourth response would be a letter from one (or more) of our customers to a newspaper complaining about the harassment by the AG's office.  This letter could make some of the same points as the letter from us to our customers.

We are still thinking of other approaches.  We will have the answers to the legal questions buttoned up by Monday at the latest.  Please call me with any questions or comments (x52402).

 -----Original Message-----
From: 	Sharp, Vicki
Sent:	Thursday, September 06, 2001 1:05 PM
To:	Delainey, David
Cc:	Haedicke, Mark E.; Whalley, Greg; Dietrich, Janet; Leff, Dan; Williams, Robert C.; Jim Steffes@ENRON
Subject:	Re: SF Giants / California AG's Office Communication

I have already asked Bob to look into this.

David W Delainey
09/06/2001 12:27 PM
To:	Vicki Sharp/HOU/EES@EES, Mark E Haedicke/HOU/ECT
cc:	Greg Whalley/HOU/ECT, Janet Dietrich/HOU/EES@EES, Dan Leff/HOU/EES@EES
Subject:	SF Giants / California AG's Office Communication

Vicki/Mark, the harrassment of EES's customers in California continues at great pace - it seems like I am getting messages like this everyday.  Can we get a restraining order/sue the government, etc.

This is going to start hurting business soon and is clearly a witch hunt....

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/EES on 09/06/2001 12:23 PM ---------------------------

Dan Leff
09/06/2001 11:54 AM
To:	Robert C Williams/Enron@EnronXGate, Vicki Sharp/HOU/EES@EES
cc:	David Tagliarino/Enron@EnronXGate, Evan Hughes/HOU/EES@EES, Janet Dietrich/HOU/EES@EES, David W Delainey/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, James D Steffes/Enron@EnronXGate
Subject:	SF Giants / California AG's Office Communication

David Tagliarino, Enron Sports Marketing Group, received a call today from John Yee, CFO of the SF Giants.  David, John and I got back on the phone this morning.  Following is a summary of our discussion:

John Yee, CFO, SF Giants, received a letter from the CA AG's office requesting their cooperation in an "....investigation concerning Enron....".  (John will fax that letter to me and I will circulate it)
John called the AG's office per their request in the letter received
The AG's office was digging for a bunch of information:
total MWH consumed
contract start date
term of contract
general questions about T's & C's
whether Enron had cancelled the contract
who was supplying electricity
copies of the agreements and letters of communication from Enron to the SF Giants
John was generally responsive and indicated that Enron has been great, has honored its contract, still has a contract in place, etc.
John pushed back on supplying any more information without a written request from the AG's office, and then also indicated that they would only supply what was required by law
The AG's office responded by indicating that they may have to subpoena the Giants
John will wait and see what the AG's office does
He will keep us in the communication loop and make sure that we have copies of the communication from the AG's office

Thanks - Dan

<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>


Hi Sara,
I have attached the blank ISDA template that created for EWEB.  The "Other
Provisions" section has been highlighted in yellow so you can add special
language.

Thank You,
Kimberly Hundl x31647

From: Sara Shackleton@ECT on 04/18/2001 10:57 AM
To: "Dick D VARNER" <Dick.Varner@EWEB.Eugene.OR.US>@ENRON
cc: Kimberly Hundl/Corp/Enron@Enron

Subject: Re: Representations for ISDA Transaction

Dick:

I am suggesting a minor change to the "Power Risk Management Committee"
certificate (to eliminate the reference to the Exhibit "A").  If we leave the
reference in the certificate, you will always have to label the confirm as
Exhibit "A" and resend the completed papers to us.  Please let me know if you
are alright with this change.  If so, we ask that you please resend the
certificate dated April 12, 2001.  If you do not wish to make the change,
please resend the two certificates to which the confirmation labeled Exhibit
"A" is attached.

Please call if you have any questions.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	"Dick D VARNER" <Dick.Varner@EWEB.Eugene.OR.US>
	04/12/2001 07:00 PM

		 To: <Sara.Shackleton@enron.com>
		 cc: <Holli.Krebs@enron.com>
		 Subject: Re: Representations for ISDA Transaction

Thanks, Sara.  No problem making the changes.

>>> <Sara.Shackleton@enron.com> 04/12/01 01:56PM >>>

Dick:

Attached are my comments to the certificates.  We will need to attach the
form of confirmation to be certain that each particular transaction is
authorized.  Let me know if you have any questions.  Thanks.

(See attached file: EWEBISDA Confirm RepresentationsR1.doc)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Dick D VARNER"
                    <Dick.Varner@EWEB.Eug        To:
<sara.shackleton@enron.com>
                    ene.OR.US>                   cc:
<Holli.Krebs@enron.com>, "Bert I DUNN"
                                                 <Bert.Dunn@EWEB.Eugene.OR.US>
                    04/12/2001 11:09 AM          Subject:     Representations
for ISDA Transaction

Attached are drafts of two certificates which I believe will satisfy you
needs.  Please get back to me with any comments.

(See attached file: ISDA Confirm Representations)


Could you make a Dr appt for tomorrow for the Dr on level 3.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


This FRIDAY, DECEMBER 8, 2000 (5:00 p.m. CST) is the deadline for deferral
program enrollment.  Following the deadline, no new elections or changes to
existing elections will be accepted.
To learn more about your deferral program opportunities and to enroll for
2001 deferrals, access eHRonline at http://ehronline.enron.com.  (Call the
ISC Help Desk at 713-345-4727 if you need your ID or password to access the
system.)

1. Review the program descriptions (attached to the Election Form) before you
make your elections.
2. If you decide to defer compensation, complete the Election Form before
Friday, December 8,  2000, 5:00 p.m. CST (the enrollment deadline).
3. Print your 2001 Election Form and Confirmation Statement right from the
web site and you,re   finished!

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE


This is great!
-----Original Message-----
From: Guerrero, Sam
Sent: Monday, August 27, 2001 11:29 PM
To: Felling, Amy
Subject: FW: Beerboy

-----Original Message-----
From: Servat, Russell
Sent: Mon 8/27/2001 2:54 PM
To: Steele, Joe; Guerrero, Sam; Sargent, Sean; Rivas, George; Davis, Brian
Cc:
Subject: FW: Beerboy


-----Original Message-----
From: 	"Bill Courtney" <roscoe@fiberpipe.net>@ENRON
Sent:	Monday, October 22, 2001 3:50 PM
To:	Serrano, Walt
Subject:	Nov noms for Quest

Walt
  We are nominating figures at this time  thinking that prices should be around $2.00/mcf in Nov.  If by the end of  Oct., it appears that we can't make a profit by producing in November because of  continuing low prices, we will amend our nomination to a lower figure or a  complete shut-in as we did this month.  If you need more information, you  can give Stan Smith a call at 307 673-1500.
                                 Thanks,
                                  Bill Courtney
 - Nov noms for Quest.xls


On Friday, Steve Cooper left the following voicemail for employees. Since some employees do not have access to voicemail, we are providing the following transcript of that message.

You can also access this message and past messages at:  http://home.enron.com/updates/.
________________________________________________________________________

VOICEMAIL
From:  Steve Cooper
Date:  Friday, March 1, 2002

Hi everybody.  It's Steve Cooper.  It's Friday afternoon, March 1.  I hope everybody has had a great week.  I want to update everybody on a number of things that have gone on this week, so that you all will be fully in the loop.

The week started in a rough-and-tumble fashion.  I went to a town meeting Monday night to meet with a number of our ex-colleagues.  Their disappointment, upset and anger is very understandable.  I, along with the entire management team, have committed that we are going to try to do whatever we can to fashion a reasonable resolution to their various issues.

In order to make sure that those that are truly in need have something to fall back on, we asked the court later in the week and got the judge to approve an emergency $5 million fund.  We are now going to fish around for an independent administrator to evaluate the needs and disperse those dollars to former employees.  I wanted you to be aware of that.  I really do appreciate and understand everybody's upset.

Last Friday, February 22, we presented to the Creditors' Committee a formal proposal on a retention and severance program.  As can be expected, there was some push back from the committee -- there were issues about some of the data, there were requests for additional data and further clarification.

The Creditors' Committee formed a subcommittee.  We provided to them more data.  Jeff McMahon and I met with them on Wednesday, February 27, and we met with them again on Thursday, February 28.  We are scheduled to meet with them again on Monday and Tuesday to resolve all the open issues and to get the full support and endorsement of the Creditors' Committee on this program.

I have indicated to the subcommittee that getting a plan in place is Jeff's and my highest priority.  It is not right or fair for anyone to be in a state of ongoing uncertainty about their future, their future compensation, and any financial safety net, so we are going to have to move on this at light speed.  I told the creditors' subcommittee and asked that they tell the full committee that we want to be in a position by the week of March 11 to motion this up to the court.  I'll keep you posted on progress.  I am comfortable that the committee wants to put in place the retention and severance program and now we are just working out the bugs.  Hopefully, by the time we have the employee meeting, we can walk through the composition of the program in detail.

The powers that be - management in conjunction with the human resources group - are working on merit increases and promotions.  Hopefully all the details of a program will be finalized next week.  Then, the process is typically that business unit managers begin to calculate salary increases.  And it works its way through the review, approval and communication process.  So hopefully, we'll have that all resolved in the next week or two and everyone will know where they stand with respect to promotions and merit increases.

We reached an accord with the Astros this week to repatriate to Enron $2.1 million for the release of our rights to the naming contract.  It is a shame we won't be in a position to support the naming of the field, but it is probably in the best interest of the estate.  I got a great suggestion from one of our colleagues about auctioning Enron Field signs and contributing net proceeds to the ex-employees' fund.  I'd like your input on that.  I thought it was a great idea and very generous.

We are moving forward with plans for an employee meeting later this month.  Hopefully I'll be able to meet many of you there.  I've tried to get around to say hello here and there.  And again, I would encourage you if you have any questions, concerns or issues just give me an email or a buzz.  Sometimes it takes a few days for me to get back to you, but I'm making a very concerted effort to answer everybody's inquiries.

Other than that I don't have a lot to report.  We'll continue to hammer out with the committee the retention program.  Hopefully by next Friday I'll be able to report very substantial progress in this area.  I want to thank everybody for their efforts, all their hard work and their focus on moving things forward.

One other thing ?

We did have a bank meeting on Thursday afternoon.  We have described to the banks what we believe is a very reorganizable entity here.  We'll be sharing more about that at the employee meeting.  I told the bank group, and it was echoed by management, that we believe there is a reorganizable, viable entity in Enron's future.  I'll bring you all fully up to speed on that at the employee meeting.

Anyway, as I was saying ?

Thanks so much for all your hard work, your efforts, your dedication.  I hope you have a great weekend.  I'll chat with next week.


The weekly conference call WILL NOT take place tomorrow (Wednesday, June 6).
I will let you know when/if it is rescheduled this week.  Thanks, Suzanne


According to measurement, there is flow of 7,394 in 8/98, however, there is
nothing to indicate this is gas that was received on HPL in OSS.   I checked
MIPs and there is a measurement statement that supports the flow rate of
7,394 MMBTu.

Daren is there a deal in CPR which may not have fed over to OSS?

Thanks, Stella


SEPTEMBER CLASSES

 Working Styles: Working With People Effectively - September 19  (4 hour
session)  Cost:  $300.00
This module helps participants understand how they perceive others and how
others perceive them on the basis of behavioral clues. It also discusses what
they can learn from those clues about working together effectively.  As a
result,  participants will experience less interpersonal tension with members
of the team or work unit.
 Communicating Effectively - September 19, & 20  (4 hour sessions)
Cost:  $200.00
Participants will learn the skills that facilitate and promote good
communication, as well as the behaviors that indicate a willingness to
communicate with others. As a result of the module, participants will have
new models and tools that enhance their willingness and ability to
communicate in the workplace.
 Fundamentals of Corporate Finance - September 21 & 22   Cost:  $700.00
This program is designed to provide managers, professionals, technical and
staff personnel a basic understanding of finance and accounting principles
that are imbedded in Enron equity transactions.   This program is also a good
refresher in Finance and Accounting before taking the Applied Finance
program.
 Applied Finance - September 28 & 29    Cost:  $700.00
If a basic understanding of Enron equity transactions (deals) will help you
do your job better, this course is for you.  This course will help you
understand how ENA structures deals, the "deal space", and how the financial
principals discussed relate to ENA deals.
 FranklinCovey Project Managment: An Approach That Really Works*** -
September 27   Cost:  $300.00
This is a one-day introductory program designed for those who have never had
project management training before.  This course will meet the needs of
people who need to handle multiple small projects, with typically less than
100 tasks.

***Pilot Class

For registration or more information, please click here () to go directly
into the Development Center "Ernie", or call 3-0357.


Dear Gerald,

I'm surprised you were moving at all the day after the party! I'm not to
sure on the Tequila/Cranberry mix either but as you say - it's always good
to try new things, I just wouldn't advise trying it again that's all!  I had
a good time too, wasn't that drunk either by the end which is a bit of an
unusual occurrence for me.
This past weekend we had a party put on by the law school so we went to that
Friday night and then shopped til we dropped on Saturday - my flat mate has
been having a bit of a hard time so I gave her a day of Sophie Therapy - she
seems a lot more relaxed now - I hope it will last. Saturday I also caught a
cold so I've been feeling pretty rough the last couple of days although I
think it's gradually going now so fingers-crossed I'll be okay to party hard
this weekend  - although I've no plans as yet.
Oh, I haven't heard of that band by the way but it sounds good anyway, and
yes I do like yorkshire puddings - how can anyone not - obviously you should
have the full compliment of beef, roast potatoes and vegetables and gravy
(although I'll gladly do without the beef) but they're gorgeous - don't you
think? Hmm.
Anyway, better get on with some work,
have a good week, whatever you're doing, any interesting deals?
Sophie.

>From: Gerald.Nemec@enron.com
>To: sophiedavenport@hotmail.com
>Subject: Hello!
>Date: Mon, 30 Oct 2000 15:06:42 -0600
>
>Hi Sophie,
>
>I like the sound of the Trifle described in your email to Mark.  I will
>have extra Sherry on mine.
>
>How is it going?  I had a great time at the party in Austin and hanging
>with you at the Brown Bar.  I am not sure what I was thinking toward the
>end of the evening by mixing Tequila and Cranberry, but I guess you have to
>get creative when the circumstances require.    I was moving a little slow
>the next day and drive back to Houston wasn't quite as pleasant.
>
>Did you have a good weekend?  I didn't do anything real exciting for the
>weekend before Halloween.  Went to a concert that had 4 bands.  One of them
>is a band from Austin called Vallejo.  Heard of them?
>
>Now tell me the truth.  Do you really like Yorkshire Pudding?  Drop me a
>line when you get a chance.
>
>Gerald
>

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


I agree that we should send such a letter.
Also-- I talked to Mike Beatty and he is willing and able to serve as our
party designate arbitrator. I told him that Neal would follow up with him on
the details.

	"Neal S. Manne" <NMANNE@SusmanGodfrey.com>
	11/28/2000 06:16 PM

		 To: Brian.Redmond@enron.com, Richard.B.Sanders@enron.com
		 cc: Jeffrey.T.Hodge@enron.com, David.Fairley@enron.com, Eric.Boyt@enron.com,
Robert Rivera <RRIVERA@SusmanGodfrey.com>
		 Subject: RE: Duke LNG

It's a two way street, of course.  Have they expressed any interest in
negotiating?  There is nothing wrong with a REAL negotiation, but nothing
particularly helpful about generating one that s just for show.
Particularly in the absence of any entreaty from them.

Where is the "simple" explanation of the transportation piece?

As I have told RNR, I think we should advise Duke in writing that its IP is
not in conformity with the contract, sinceit is in the alternative, and that
our IP is hence the only one that will be before the arbitrators (since Duke
clearly cannot change it's ineffective IP at this stage, having already seen
ours).  Accordingly, the only issue left for arbitration is whether our IP
(the only one and therefore the one they have to choose) is or is not an
economic hardship under the contract.  What say ye?

> -----Original Message-----
> From: Brian.Redmond@enron.com [mailto:Brian.Redmond@enron.com]
> Sent: Tuesday, November 28, 2000 1:46 PM
> To: Richard.B.Sanders@enron.com
> Cc: Jeffrey.T.Hodge@enron.com; David.Fairley@enron.com;
> Eric.Boyt@enron.com; Neal S. Manne; Robert Rivera
> Subject: Re: Duke LNG
>
>
>
> Richard/Jeff:
>
> Do we need to engage Duke in some way during this one month
> period so as to
> show that we are seeking to negotiate in good faith?
>
> Brian
>
>
>
> From: Richard B Sanders on 11/27/2000 02:21 PM
>
> Sent by:  Twanda Sweet
>
>
> To:   Brian Redmond/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, David
>       Fairley/HOU/ECT@ECT, Eric Boyt/Corp/Enron@Enron,
>       nmanne@susmangodfrey.com, rrivera@susmangodfrey.com
> cc:
> Subject:  Duke LNG
>
> Here is an action item list for the Duke LNG dispute.
>
> Items                                                   Responsible
>
> 1.   Interview Witnesses
> Sanders/Rivera
>
>       a.  Rebecca McDonald
>       b.  Wayne Perry
>       c.  Transportation Witness
>       d.  Curve Witness
>
> 2.   Send letter requesting information re economic hardship
> Rivera
>
> 3.   Select arbitrator
> Sanders/Rivera
>
>        a.  Research regarding Mike Beatty
> Rivera
>
> 4.    Compile documents/data for exchange of information
>           Sanders/Hodge/Boyt
>
> 5.   Confidentiality agreement for loss of supply information
> Sanders
>
> 6.   Response to all outstanding correspondence from Duke's attorneys
> Rivera
>
>
>


Kim,

I spoke with Bill Bradford, VP in Enron's Credit Department, and he offered
to field your questions regarding Credit.  He will be in the office this
week.  You can call him at 713-853-3831.

Regarding Nymex traders, what kind of trader are you interested in?  Larry
Gagliardi trades Nymex crude products.  Let me know if you need his number
again, or if you think someone else would be more helpful.

good luck

ken
______________________
We are still interested in talking to someone in the Risk Assessment Group
about credit rating systems.

Could you get us the name of the contact who trades directly with Nymex?


The updated help desk numbers for 24 hour call are as follows:

phone - 713-553-3758
page - 713-327-4523

These have changed, so update your phone list accordingly.

Thanks,

JMF


I just wanted to let you know that the INTRA-TEXAS-GDL booked pulled in a
July fixed price gas daily position last night.  Maybe you could apply the
same logic that is used to pull this position to the Gas Daily books that are
not currently pulling in the fixed price gas daily positions.  The books that
had fixed price position for 6/26 that did not pull in are listed below.

BOOK ID  POST ID  JULY FIXED PRICE POSITION(in contracts)

GD-MARKET-GDL 819207   92.9

GD-CENTRAL-GDL 819212   263.3

GD-TEXAS-GDL 819657   (15.5)

If there is any more information that will help you develop the correct logic
please let me know.

Thanks,
Robin
x57478


<<...OLE_Obj...>>
E-Notes provides regular briefings on new developments in global energy and
public utility law.

May 18, 2001

ANCILLARY SERVICES - THE NEXT FRONTIER

 Since the issuance of Order Nos. 888-889 by the Federal Energy
Regulatory Commission ("Commission") in 1996, market recognition of the
value of ancillary services provided in this regulatory initiative, has
increased dramatically.  Shortly thereafter, the FERC recognized that
market-based rates could also be provided for certain of these ancillary
services, which include voltage regulation, spinning reserves, non-spinning
reserves and reactive power that were critical elements of historically
bundled service.  This regulatory recognition was intended to serve as a
stimulus for market penetration and development of ancillary services in a
competitive marketplace.  With the formation of independent system operators
(ISOs) and the consideration of movement to regional transmission
organizations (RTOs), ancillary services have received increased discussion
and attention.  Frequently, markets do not have yet sufficient market makers
to create adequate transparencies in a robust competitive market for certain
services.  For example, because of market deficiencies in California and New
York, ancillary services have come under increased scrutiny.

 This short history and limited development of ancillary services is
about to change with the advent of material consideration of RTOs.  It can
be expected that a revamped Bush-era FERC will finalize most RTO proposals
this summer undertaken by former Chairman James Hoecker and his colleagues
on the Commission.  That process should conclude by the end of 2001 with
increased enforcement and market monitoring, new mechanisms to resolve
disputes, increased resolution of seams management concerns, new
transmission pricing and return policies, and major market validation of
for-profit transcos as the underlying vehicle for regional growth and
development of transmission in the future.

Key Considerations

 This market growth and recognition will not come too quickly given
the continual demise of transmission investment and development by the
regulated utility industry.  Over the past 25 years the utility industry has
whittled away its transmission legacy, with little real growth and
development of the national transmission system to support the advent and
movement to competitive markets which has accelerated since 1988.  Ancillary
services will become a critical element of that market as they become the
future call-waiting, *69, and call-forward services of the electric utility
industry - borrowing from the telephone industry parallels and paradigm from
the prior decade of experience.  Formation of RTOs will provide stronger
market validation and recognition of ancillary services.  This will
necessitate the development of separate pricing, new forms of contracting,
new revised pricing methodologies for those ancillary services through
separate contracts, and pricing opportunities through formal agreements.  In
many instances, agreements still need to be developed for ancillary service
sales or need to be materially enhanced in existing service agreements with
the electric utility.  Several areas require current consideration at this
time to ensure a smooth and effective transition:

* Interconnection agreements should fully anticipate the separate
provision of ancillary services in their technical review of a generating
facility and requirements for that facility with the electric utility.
* The interface of utility systems with control areas and RTO's need
further understanding and management for risks, liabilities and cost
consequences.
* Recognition for adequate compensation and market-based pricing for
ancillary services should be provided with the opportunity to supplement
that pricing with amended and restated schedules in relevant agreements.
* Transition of existing transmission and interconnection agreements
to the RTOs should be contemplated in current agreements.  Assignment of
those agreements should only be permitted with appropriate notice and review
rights by the generator, and the opportunity to accept, amend or reject the
terms of that assignment or transfer depending on whether it provides for
enhanced sale and market development opportunities for the market value of
ancillary services.
* There are other ancillary services yet to unfold that have not been
recognized by Order Nos. 888-889 and they should be analyzed and evaluated.
Any specificity that can be undertaken to capture recognition of those
future services, including development and pricing opportunities for those
services, should be separately retained in existing agreements now.
Otherwise, the spectre exists that those services may ultimately be provided
to the regulated utility at no charge.
Future Course of Action
Why has this occurred?  Individual utilities managing the needs of their
systems - with the public utility obligation to serve and paramount
reliability responsibilities were not willing to separately recognize the
value of ancillary services.  Bundled service also disguised this value and
did not provide an adequate and accurate platform for such recognition.
Utility divestitures of generation resources started the ball running.
Moreover, utilities operating in a monopoly, cost-of-service regime did not
have the incentive or ability to seek out new revenue streams through
creative unbundling and repackaging of ancillary services.  With the
evolution to RTOs and broader scope and markets, a shift will be undertaken
in the provision of ancillary services, such as security, emergency
planning, risk management, and reliability from discrete utility systems to
all potential players in the competitive market, including generators,
regulated utilities, transmitting utilities, power marketers and traders and
large scale industrial and commercial users.  This restructuring of the
market also provides an enhanced opportunity to assess the delivery of
critical ancillary services, their recognition as a matter of contract, and
the appropriate elements of market-based rates and cost of service analysis
(as applicable) and new methodologies justifying pricing for these new,
essential products.

 Enlightened generators and developers will be thoughtfully analyzing
this issue at this time with the goal of protecting their interests in
anticipation of the evolution of these ancillary services as part of
competitive markets, which will allow them to capture contracting and
pricing opportunities for the benefit of their owners or shareholders.

Michael J. Zimmer
John A. Cohen
____________________________________________________________________________
E-Notes is a publication of Baker & McKenzie.  It does not constitute legal
advice or a legal opinion on any specific facts or circumstances.  The
contents are intended as general information only.  You are urged to consult
your attorney concerning your situation and specific legal questions you may
have.  For further information on the subjects discussed in E-Notes, contact
Michael J. Zimmer, michael.j.zimmer@bakernet.com or Jonathan W. Gottlieb
jonathan.w.gottlieb@bakernet.com.

For more information about BAKER & McKENZIE, click on our business card:
 <<Baker  McKenzie Business Card.htm>>

or visit out website at http://bakernet.com.

 - Baker  McKenzie Business Card.htm


I am pleased to announce the formation of the Enron Management Committee.  The Management Committee comprises our business unit and function leadership and will focus on the key management, strategy, and policy issues facing Enron.  The Management Committee will supplant the former Policy Committee and will include the following individuals:

Ken Lay - Chairman and CEO, Enron Corp.
Ray Bowen - COO, Enron Industrial Markets
Michael Brown - COO, Enron Europe
Rick Buy - Exec VP & Chief Risk Officer, Enron Corp.
Rick Causey - Exec VP & Chief Accounting Officer, Enron Corp.
Dave Delainey - Chairman and CEO, Enron Energy Services
Jim Derrick - Exec VP & General Counsel, Enron Corp.
Janet Dietrich - President, Enron Energy Services
Jim Fallon - President & CEO, Enron Broadband Services
Andy Fastow - Exec VP & CFO, Enron Corp.
Mark Frevert - Chairman & CEO, Enron Wholesale Services
Ben Glisan - Managing Director & Treasurer, Enron Corp.
Mark Haedicke - Managing Director & General Counsel, Enron Wholesale Services
Kevin Hannon - CEO, Enron Global Assets & Services
Stan Horton - Chairman & CEO, Enron Transportation Services
Jim Hughes - President & COO, Enron Global Assets & Services
Steve Kean - Exec. VP & Chief of Staff, Enron Corp.
Louise Kitchen - COO, Enron Americas
Mark Koenig - Exec VP, Investor Relations, Enron Corp.
John Lavorato - President & CEO, Enron Americas
Mike McConnell - President & CEO, Enron Global Markets
Jeff McMahon - President & CEO, Enron Industrial Markets
Jeff Shankman - COO, Enron Global Markets
John Sherriff - President & CEO, Enron Europe
Greg Whalley - President & COO, Enron Wholesale Services

	After we convene the Management Committee later this week, I will make a further announcement regarding the Executive Committee.


Kay:  I sincerely apologize for being so out of pocket.  I have been just
buried trying to restructure a bunch of EES and ENA contracts/obligations
etc. in light of the possiblity of the CA IOUs filing for bankruptcy.  I have
been locked on day long calls for the past few days.  However, I should be
able to get in touch with you later this afternoon to map out what may be
required and I am sure we can handle what you may need.  I'll touch base
later today.  John

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com


Rosalee - would you please forward this request to Ken.  If he has some time
over the coming week or so to discuss by phone, I would also appreciate that
opportunity.

Ken - Though a mutual acquaintance, my CV has been provided to Bob Zoellick,
in the hope and expectation that he might become USTR, and with an interest
on my part in being nominated to be one of his deputies.  I am writing to
seek any support and assistance you feel comfortable in providing in this
effort.  I attach a copy of my CV below.  I would particularly call attention
to the fact that I served in the Department of Energy as a Deputy General
Counsel in the administration of the first President Bush.  While I obviously
could not contribute much time to the campaign given my current assignment
within Enron, I did contribute financially.  My wife and I gave $2,000 to the
campaign to fund the primary effort, $2,000 for the General Election, and
another $2,000 to the Compliance Fund.  I also wrote letters seeking funds
(using your fund-raising number), and while I do not think the response rate
was high, I do know that at least some of the people I wrote to did
contribute.

I have discussed this interest in the Deputy USTR role only with Steve Kean
and Richard Shapiro within Enron.  I expect that if Bob is nominated in the
next few weeks, that I will be making a trip to Washington to meet with him,
as part a trip associated with some other US business.  (And if Bob is not
the USTR, I will, of course, remain interested in the role.)  When it is
convenient, I would be pleased to discuss this further with you.  Enjoy your
holidays.  Mark


Tony -- here's an excerpt from PG&E's tariff on curtailment of service.

If you are curious about any of the rest of their tariff, see the "Gas Rules"
portion of their website at
http://www.pge.com/customer_services/business/tariffs/#GR


Looks good - you mention month-end deadlines.  You also might want to mention the work that goes on during month-end close and how that could potentially affect trading P&L.

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, January 07, 2002 2:53 PM
To:	White, Stacey W.
Subject:	Input

If you wouldn't mind, have a quick glance over the spreadsheet and see if there is anything I missed that you think should be mentioned. This is for the training class and I was just trying to hit on all the main areas which is not in any particular order right now. It is a general overview, so not too detailed.

John << File: Risk Presentation.doc >>


Dear Power Outage Database Customer,

Attached you will find an excel document. The outages contained within
are forced or rescheduled outages. Your daily delivery will still
contain these outages.

In addition to the two excel documents, there is a dbf file that is
formatted like your daily deliveries you receive nightly. This will
enable you to load the data into your regular database. Any questions
please let me know.
Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL
INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED
ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR
COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF
YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.

 - 110801R.xls
 - 110801.xls
 - OUTAGE.dbf


Chris,

How the hell are you?

Hope all is well.

I was wondering if you could forward to me a list of all of the pipeline
capacity and storage assets that you have on behalf of CES.  I am in the
process of setting up New Power on the respective pipes.

Credit is an issue.  To better know how much credit NPC needs, I thought it
would be good to see how much FT CES gets on each pipe.

Do you maintain a spreadsheet similar to the one you used to maintain for
EES' assets?

Can you tell what I have?  Make sense?

Thanks.
Mike


New photos are being uploaded every day, keep checking back for more!

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P:\Scheduling\IntranetDev\Ski Trip Info.html


make sense to do this if sanders can't make it? jeff