OK, that's funny.

DG

SSCHROED@us.ca-indosuez.com on 02/28/2001 03:28:47 PM
To: david_craft@wbw-pc.com, dgiron@enron.com, jeff_graham@condley.com,
bruce_d_jones@us.dell.com, sjordan@jw.com,
randy.g.kruger.jr@arthuranderson.com, Andy.Marusak@USASports.com,
bshaffer@securitycapital.com, mikeshaw@andrews-kurth.com,
todd.w.taylor@bakernet.com, bwells@pop.net
cc:
Subject:

  Little  Johnny  walked  into  his  dad's bedroom one day and found him
  sitting  on  the side of his bed sliding a condom onto his dick. In an
  attempt  to hide his full erection, Johnny's father bent over as if to
  look under the bed.

  Little Johnny asked curiously, "What ya doin', Dad?"

  His  father  quickly replied, "I thought I saw a rat go underneath the
  bed."

  Johnny replied, "What ya gonna do, fuck him?"


As you probably all know, we are on the verge of launching credit derivatives
trading in Europe and North America, both on Enron Online and off-line.  This
will involve quoting prices for buying and selling bankruptcy protection in
respect of reference entities, many of whom are our counterparties in a
variety of different commercial and financial contexts.

This exciting cocktail of credit derivatives and Enron Online raises
significant novel legal risks for Enron.  Probably the most significant risk
arises where Enron has confidential information about a reference entity and
wrongfully uses that information in pricing the credit derivative on that
entity.  This could well result in legal proceeding against Enron.  In
practice, an allegation of misuse of confidential information can be very
difficult indeed to defend without adequate procedures in place to safeguard
that information.

Against this background is the ever-present risk of "insider dealing".  This
crime - which carries a maximum prison sentence of 7 years and an unlimited
fine - is committed where a person (or member of their family etc) deals in
the securities (shares or bonds) of a listed company on the basis of
unpublished (confidential) price-sensitive information.  In addition, SFA
rules require the safeguarding of confidential information, the misuse of
which is a serious disciplinary matter.

In order to ensure the success of this new business, we are now introducing
new policies and procedures (attached) which include a simple Restricted List
procedure.   In essence they require you -

to take prudent steps to safeguard confidential information within Enron
to notify Michael Brown, Mark Elliott or myself if you become aware of
confidential information (or circumstances) about a counterparty which you
think might make it appropriate for that counterparty to be placed on the
Restricted List.

To make life easier, numerous examples of the types of information which
might be relevant are set out in the attached procedures,  so please
familiarise yourself, and anyone else in your group you think appropriate,
with them.  As you will see, you are not expected to make difficult
determinations about whether an entity should or should not be added to the
Restricted List, just to let us know if you think there is a possibility that
it should be added.  We will also provide quick briefing sessions to ensure
that each of you is comfortable with these new procedures.

  Many thanks for your co-operation.


Isn't our primary problem with AEP's internal merchant function rather than
with the marketing affiliate (I realize we have problems with the affiliate
too)?  Can we protest continued market based rate authority for AEP until
they have surrendered native load priority?

	Christi L Nicolay@ECT
	09/25/2000 09:16 AM

		 To: David W Delainey/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Dennis
Benevides/HOU/EES@EES, Raymond Bowen/HOU/ECT@ECT
		 cc: James D Steffes/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron
		 Subject: EPMI protests AEP's continuation of MBRs

On 9/21, EPMI filed a protest (Below) against AEP/CSW's 3 year update request
to continue market based rates for power marketing.  The filing includes
examples of discriminatory behavior on OASIS (for ATCs, etc.) that
potentially benefitted AEP's marketing side.

EPMI has already protested Entergy's request for continuation of MBRs earlier
this year, and plans to protest other large utility-based power marketer MBR
filings this fall.  Let me know if you would like the list.  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 09/25/2000
08:58 AM ---------------------------

"Susan Buchheit" <sbuchheit@bracepatt.com> on 09/25/2000 09:05:19 AM
To: <christi.l.nicolay@enron.com>
cc:

Subject: AEP filing

** High Priority **

Christi -

Attached is the final filing in word.  I also sent you a hard copy on Friday.

 - aep.doc


Suz,

I say lets do it! and so does Terri.  I will make Rotel dip and other stuff too.  I think it will be fun - and maybe we can carry the party to the hood after!  Keep me posted on how your day is going.  I kind of hope you get to go today to see your fam.

K.

 -----Original Message-----
From: 	"Hamby, Terri" <Terri.Hamby@ElPaso.com>@ENRON
Sent:	Monday, November 19, 2001 4:47 PM
To:	Ward, Kim S (Houston)
Subject:	RE: 2001 Tennessee Football Schedule.html

Kim!  Good to hear from you.  I could use that beer right now!  My weekend
was busy (holiday shopping, etc.)  Did you do anything fun?  RE:  the party,
I would have the party at my place, but I have a one bedroom apt. (not
conducive to parties).  Tell Suzanne that it will all work out!  We need to
get this thing planned, and soon!

I am heading to Tennessee on Wednesday.  I hope it's cold there, I'm ready
for some winter weather... Dallas sounds nice, I hope you have a great time.
Have a safe and happy Thanksgiving!!!!

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Monday, November 19, 2001 4:27 PM
To: Hamby, Terri
Subject: RE: 2001 Tennessee Football Schedule.html

Terri,

What's going on and how was your weekend?  We are still working on the
TN/FLA party - Suzanne is worried about enough places for people to sit -
but I say she shouldn't worry - just have a lot of beer!  Are you going to
see PH over the holiday?  Don't know for sure what I am doing yet -
thinking about going to Dallas - gotta work out the logistics though.
Let's get together for a beer soon -

Kim

 -----Original Message-----
From:     "Hamby, Terri" <Terri.Hamby@ElPaso.com>@ENRON
Sent:     Wednesday, November 14, 2001 11:39 AM
To:       Ward, Kim S (Houston)
Subject:  2001 Tennessee Football Schedule.html
Importance:    High

 <<2001 Tennessee Football Schedule.html>>

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************

 - 2001 Tennessee Football Schedule.html << File: 2001 Tennessee Football
Schedule.html >>

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


What about Barry and Eric? This looks good.

regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/09/2000
06:22 PM ---------------------------

Rob Milnthorp
06/08/2000 09:32 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Toronto Staffing Update

Dave...a brief update re Toronto. We have moved from 3 employees Jan 1, 2000
to 13 employees. Recent hires are as follows:

1. Scott Gilbert (expat)   Manager  Volume Management
2. Chris Gaffney (from ENA)  Sr Counsel  Legal
3. Garrett Tripp (expat)   Manager  Power Trading
4. Jeff Borg (outside hire)  Director   Origination
5. Steven Leung (from ENA)  Analyst   Origination
6. Dave Ellis (outside hire)  Manager  Volume Management
7. Dan Dorland (UofC grad)  Analyst   Origination
8. Lindsey Huculiak (outside hire) Admin Asst  General
9.Jahnet Theberge (oustside hire) Sr Admin Asst  General
10. Neil Stuchbury (outside hire)  Sr Specialist  Volume Management

As discussed, we have attempted to obtain a good mix of  "Enron DNA" and
outside hires. We are currently in the process of hiring a marketer from Duke
who covers eastern industrials on the gas side (John Guerriero, an engineer,
background is UnionGas) and would like to target a couple of associates from
Houston.

Our national advertising campaign has finished its run and we received in
excess of 350 resumes. We are currently reviewing the resumes and have
scheduled an off-cycle Super Saturday for June 24th in Toronto (Davies, Le
Dain, Kitagawa, Devries, Dadson, McKay and myself will conduct the
interviews).

If you have any questions or concerns, please let me know.

Regards,
Milnthorp


We're going to be sitting kina close after the move.


Thanks your note re: Enron Online.

Our intention is that the contact with NYMEX is to be a joint one, by your team and that of Enron Metals but "a deal" if done would by necessity have lead commercial input from the metals team.

Look forward to discussing with you.

Regards,
Mike


Start Date: 1/15/02; HourAhead hour: 24;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011524.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
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!!!Unknown database.
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!!!Unknown database.
Alias: dbCaps97Data
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Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


Because we redistributed the account list last week, please change the
following accounts to my name...Reliant #26819, Conoco #20747, Conoco #20748,
Conoco #20835, ENA #24654, ENA 24924, ENA #26740, Burlington #25025,
Burlington #25031, Burlington #25067, Burlington #25597, PG&E 25841, PG&E
#26511, and KN #26751.  Thank you.


-----Original Message-----
From: 	Erwin, Kenton
Sent:	Tuesday, February 19, 2002 8:10 AM
To:	O'Neil, Murray P.
Cc:	Erwin, Kenton; Sanders, Richard B.
Subject:	Production of documents relating to California energy trading

Murray, in line with our discussion last week, could you please forward this email to everyone in Portland whom you think might have documents (contracts, confirmations, notes, etc.) relating to California energy trades?  We are required to produce all such documents, in connection with the ongoing investigations into EPMI's and ENA's energy trading practices.  As Richard told us last week, we already have all the information that was in the possession of persons now at UBS.

We are looking for just hard documents and notes, not electronic stuff (which has already been reviewed).

If any of your addressees have any such document, or are not sure if they do, they should contact me ASAP.

Thanks,

Kenton Erwin


Greg

Original email that was sent to me, also was suppose to be sent to  you, but
it went to the wrong Greg Woulfe.  So here it is.

Also, date of filing is wrong.  We want to file this Friday, the 21st.

Let me know if you have any thoughts/changes.

Thanks

Elizabeth

36349
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 01/19/2000
01:47 PM ---------------------------

Twanda Sweet
01/19/2000 10:30 AM
To: Elizabeth Sager/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Greg
Wolfe/HOU/ECT@ECT
cc:
Subject: Calpine petition

We are planning to file suit against Calpine next Friday.  Please review the
attached draft petition and let me (ext. 35587) or Laura Gibson
(713-844-3003) know of any comments or changes.

Thanks
Richard
---------------------- Forwarded by Twanda Sweet/HOU/ECT on 01/19/2000 10:25
AM ---------------------------

Richard B Sanders
01/07/2000 03:18 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Calpine petition

---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/07/2000
03:17 PM ---------------------------

"Laura Gibson" <lgibson@ogwb.com> on 12/07/99 05:45:10 PM
Please respond to lgibson@ogwb.com
To: Richard B Sanders/HOU/ECT@ECT
cc: "Bill Ogden" <bogden@ogwb.com>
Subject: Calpine petition

Richard, I have attached a draft petition in the Calpine matter for your
review. Our preliminary assessment is that the probability of a successful
outcome is low. I am doing further research and will call you tomorrow to
discuss this matter. Thanks. Laura

 - calpine orig pet.wpd


I have a doctors appt first thing Monday.  I should be in the office between
10-10:30.
Carol


Kim Theriot can probably locate these confirms

 -----Original Message-----
From: 	Rasmussen, Dale
Sent:	Friday, December 07, 2001 6:11 PM
To:	Sacks, Edward
Cc:	Calger, Christopher F.; Thomas, Jake; Tweed, Sheila; Shackleton, Sara
Subject:	APEA Gas Prepay Transaction

Following up on my voice mail.

Chris Calger is looking for the underlying documentation for the swap between Enron Natural Gas Marketing Corp. and Chase entered into on April 9, 1999.  A similar swap was entered into between the American Public Energy Agency and Chase on the same date.

A transaction diagram for the transaction is attached for your reference.

Please call either Chris or me with any questions.

Thanks.

Dale Rasmussen
Tel:  (503) 464-8863
Fax: (503) 464-8058


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/02/2001
07:24 AM ---------------------------

eserver@enron.com on 05/01/2001 06:06:08 PM
To: "Steven.J.Kean@enron.com" <Steven.J.Kean@enron.com>
cc:

Subject: <<Concur Expense Document>> - April-01 AMEX

The following expense report is ready for approval:

Employee Name: Mark A. Palmer
Status last changed by:  Automated Administrator
Expense Report Name: April-01 AMEX
Report Total: $8,337.18
Amount Due Employee: $8,337.15

To approve this expense report, click on the following link for Concur
Expense.
http://xms.enron.com


---------------------- Forwarded by Chris H Foster/HOU/ECT on 03/28/2001
07:03 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  CoganJA@aol.com                           03/27/2001 04:26 PM

To: sbreen@czn.com, cfoster@enron.com
cc:
Subject: PPL - Griffith Sales Proposal

Sean and Chris,

Attached is the draft proposal for your valued input and editing. ?I will
touch base with you tomorrow as I travel to Las Vegas.

All the best,

John

John A. Cogan

Johnco Group
3629 Lake Kristin Drive
Gretna, LA 70056
Phone ?(504) 392-7557
Cell ?????(504) 491-2874
Fax ?????(208) 730-4713
 - PPL - Griffith Gas Sales Proposal.doc


Good morning.  I am going to unavailable for the interviews on Monday.  The
continued Califonia energy crisis and Enron's gas positions will not allow me
to leave the desk on Monday.  I apologize for the inconvenience, but my time
must be spent in the office.  Please let me know how I may be able to assist
the interview process in the future.  I am always willing to help out when I
have the time.

Sincerely,

Mike Grigsby


FYI.  Please keep to yourself at this point.  You hear anything from Norm about the PUC machinations?

-----Original Message-----
From: Delaney Hunter [mailto:dhunter@s-k-w.com]
Sent: Wednesday, September 12, 2001 11:38 AM
To: Jeff Dasovich (E-mail)
Subject: FW: Direct Access Language

-----Original Message-----
From: Mike Florio [mailto:mflorio@turn.org]
Sent: Tuesday, September 11, 2001 3:23 AM
To: Delaney Hunter
Subject: Direct Access Language

Delaney--  DJ asked me to forward some language that I had put together on
a possible direct access concept.  I doubt that it would be anyone's first
choice, but who knows what might happen in the chaos of the week.   MIKE


Kate, checking on deal  318870.01, it is an EOL deal and looks like it has
been changed.  Once an EOL trade is transacted we are not suppose to change
the deal.  Please let me know why the ch took place.

Thanks
Stephanie


Martin,

IT IS ABSOLUTELY URGENT. PLEASE GIVE THIS YOUR IMMEDIATE ATTENTION

We need the confirmations tomorrow in Houston. Koch is ready to close the
deal, but they have a few issues with legal and they need to see the confirms
to get comfortable with the docs. Needless to say, this deal is very
important for both us and them. This will be the first deal where two
corporates will be doing a bankruptcy swap instead of default swap on cash
settlement instead of physical delivery.  The only thing that is stopping us
from doing this deal is the documents. Please ask Paul Simon to expedite the
matter and get us the documents tomorrow so we can shoot them to Koch for
their review.

Thanks and Regards
Moazzam


Now you can access the archives of the Federal Energy Regulatory Commission
(FERC) meetings via the internet using Real Player.  The Capitol Connection
is offering this service for free for a limited time.  If you have not
already registered and received the login name and password for the
archives, please go to http://www.capitolconnection.org and click on the
FERC link on the sidebar.  Then click and complete the Archive Registration
and you will receive your login name and password.

If you are interested in the Live or Archived meetings of the Federal
Communications Commission (FCC) or National Transportation Safety Board
(NTSB), please contact us.

If you have any questions concerning the FERC Video Archives, please
contact us at capcon@gmu.edu or at 703-993-3100.

Thank you,

The Capitol Connection
George Mason University Television
http://www.capitolconnection.org
capcon@gmu.edu
PH:  703-993-3100


I can't believe it is already time for our trip up to Kansas.  We are
arriving on Thursday morning and returning on Sunday morning.  Other than the
game on Saturday, we don't have any plans.  See you soon.

DG


Donna explained how everything is working so Victor has killed the following
deal tickets

Deal  Comment
470563  New Power Exchange buy
470568  New Power Exchange sell
470582  CPR Storage Sell
470587  CPR Storage Buy

We will be using deal 456379 (purchase from New Power) through March 31st.
Also, we need to make sure we do not recognize the storage balance in
Sitara.  Joann has the storage contract number if anyone has questions.

---------------------- Forwarded by Chris Germany/HOU/ECT on 11/07/2000 02:12
PM ---------------------------

Chris Germany
11/06/2000 01:04 PM
To: Kimat Singla/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Alvin Thompson/Corp/Enron@Enron, Victor
Lamadrid/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, Dan Junek/HOU/ECT@ECT, Donna
Greif/HOU/ECT@ECT
Subject: CGAS storage/exchange deal tickets for Nov-Mar

I just set up all the deal tickets for the CGAS New Power storage contract
for Nov-Mar.  We believe our agency relationship with New Power will end
effective March 31, 2001.  The deal numbers are on the attached worksheet.

I entered the following deals at a zero commodity
470563  Buy exchange
470582  Sell Cpr Storage

470587 Buy CPR Storage
470568 Sell exchange

I added about 7500 dth to deal 456379 for November and I extended it through
March 31.

I'm kinda sleepy so I probably made a few mistakes.


Good afternoon, Mark.

Thank you for the opportunity to speak with you on the 15th and regale you
with the background and talents of Christian Schutz.  Just following up to
see if there are any opportunities within your offices that you would be
interested in speaking with him about.  Christian is extremely motivated to
get to Denver and asked that I follow up with you.

Thank you and best regards,

Jennifer L. Beard
Vice President, Client Services
The Austin Group Energy, LP
(281) 497-8595
jbeard@austingrp.com

Visit our Website
www.austingrp.com


We need to run a little project over the next week or so.

I think it is time that you have someone inventory all the projects you have
going in your group, sit down and go over them with me and then you and I
make sure they still have support from a business unit or make sense at all.
Some of them involve IT resources and some don't.

I just want to take a breath for a moment and make sure every project you are
doing (outside the daily operations that are so critical) is necessary and
still has a sponsor at a business unit.  If not, we can stop several side
projects and focus on the critical ones, save some money and make sure we get
the 5 to 10 things that absolutely have to be done completed.

Your thoughts?

GP


I got in trouble the last time I exposed myself.

	From:  Yvette G Connevey @ ENRON                           06/23/2000 09:51 AM

To: Tom Acton/Corp/Enron@ENRON, Mark McCoy/Corp/Enron@Enron, Carlos J
Rodriguez/HOU/ECT@ECT, Stella L Morris/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT,
Sabrae Zajac/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT, Clem
Cernosek/HOU/ECT@ECT, Jackie Young/HOU/ECT@ECT, Charlotte
Hawkins/HOU/ECT@ECT, Eddie Janzen/NA/Enron@Enron, Ricky Ellis/NA/Enron@Enron,
Robert Cotten/HOU/ECT@ECT, Ami Chokshi/Corp/Enron@ENRON, Julie
Meyers/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Jody
Crook/Corp/Enron@ENRON, Stacey Neuweiler/HOU/ECT@ECT, Heidi
Withers/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT
cc: Brenda F Herod/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
Subject: Timesheets

There will be brief 15 minute presentations offered in the lobby today
walking you through,  step by step, entering your time in the new system. We
will have a learning lunch next week answering any questions that you still
have and walking you through it one more time.  The sooner you expose
yourself to your Timesheet in eHROnline the easier this transition will be on
all of us.

Thank You!
Yvette


John:  Thanks for your note.  Brent Hendry is now our primary weather
derivatives lawyer and I am forwarding this to him.

	John Viverito@ENRON
	08/16/2000 04:53 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Jonathan Whitehead/AP/Enron@Enron
		 Subject: Weather Derivative GTC's with Enron Japan Corp. as Counterparty

Hi Mark-

Attached are the GTC's discussed in my preceding e-mail.

Best regards,

John
----- Forwarded by John Viverito/Corp/Enron on 08/16/2000 04:52 AM -----

	John Viverito
	08/15/2000 01:20 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Jonathan Whitehead/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: Weather Derivative GTC's with Enron Japan Corp. as Counterparty

Alan/David-

Attached hereto, are the GTC's with Enron Japan Corp. as counterparty for EOL
trading of Japanese weather derivative HDD swaps.  The US GTC's were utilized
as the basis of the documentation.  The GTC's have been tailored to the
Japanese market in conjunction with Baker & McKenzie, Tokyo.

Please review and provide comments prior to loading onto the EOL system.  I
note that September 1, 2000 is the date on which trading on this basis is
expected to begin.

Cheers,

John


On Wednesday, April 11, 2001, Enron, in conjunction with Junior Achievement,
will host 40 students from Westside High School and Kerr High School for a
day of Job Shadowing.  This program,s objectives are to demonstrate why a
sound education, interpersonal skills, and a strong work ethic are needed to
be successful in the workplace.

The Job Shadowing program consists of the following:

 8:45 AM  Students arrive
 9:00 - 10:30 AM Welcome, Overview, Video, and Tours
 10:30 - 12:00 N Individual Job Shadow Experience with Enron Employees
 12:00 - 1:00 PM Student Lunch with Closing Comments
 1:00 PM  Students return to schools

We need your assistance in identifying individuals within your area who would
be available to assist with the job shadowing experience.  Please contact
Nicki Daw ASAP with your recommendations.  More detailed information will be
supplied to the employees assisting.

Thank you for your support of the Enron/Junior Achievement Job Shadowing
program.


Jeff we talked about developing messages around PGE's pricing, etc.  I'll check with the PGE folks to get a good set of facts to address this issue.  Messaging is tough, but I'd suggest we focus on:  (1) the total dollars at issue--$318,071 isn't a big deal; (2) PGE is 61 out of 74 in terns of total sales; and (3) PGE's took a position in the market and is selling power purchased at high prices (PGE is a net short position).

The additional facts we need are how the dollars flow to Enron Corp. given PGE's power cost adjustment stipulation.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, August 07, 2001 11:13 AM
To:	Shapiro, Richard; Kean, Steven J.; Denne, Karen; Robertson, Linda; Mara, Susan; Kingerski, Harry; Steffes, James D.; Tribolet, Michael; Kaufman, Paul; Palmer, Mark A. (PR)
Subject:	Analysis of Prices Charged for Power Sold to DWR

FYI.

In case you haven't seen it. According to MRW's analysis for IEP, Portland General sold the highest-price power to DWR in 1Q01. But at $318,071, PGE is 61 out of 74 in terms of total sales dollars.  The highest is Mirant at $706 million.

Enron Power Marketing is #60 out of 74 in terms of prices charged, and #26 in terms of totals sales to DWR (about $45MM), according to the analysis.

Best,
Jeff

 -----Original Message-----
From: 	Kaufman, Paul
Sent:	Tuesday, August 07, 2001 12:07 PM
To:	Dasovich, Jeff
Subject:	Analysis

 << File: dwr purchases analysis MEF3.xls >>


looks good
kh

 -----Original Message-----
From: 	Villarreal, Lillian
Sent:	Wednesday, October 24, 2001 11:15 AM
To:	Davis, Geneva; Hyatt, Kevin
Subject:	EIA Announcement

Please review the announcement for EIA before I send it in.

 << File: Enron in Action Submission FormEnronKids.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
----- Forwarded by Sara Shackleton/HOU/ECT on 03/12/2001 04:35 PM -----

	Caroline Abramo@ENRON
	03/12/2001 04:22 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: can you please look over

I've just omitted the offensive language on the lines....

i need to get something back to them.....thanks,
ca


Tammie, sorry it has taken so long to respond.  The meeting dates and times have been changing rapidly and I wanted to make certain the information was fairly firm.  There are two additional meetings that Louise will need to be aware of since she has individuals in Power that will be reviewed. She can make the decision on whether she needs to attend either of these meeting.  While I believe that the Technical Meeting should have adequate BU representation, if Louise feels strongly that she would like to attend, she should contact Jeanie Slone x53847 as soon as possible.

1.  The ENA Commercial Support PRC will be held this THURSDAY, JUNE 21 beginning at 2:00 pm in the Cottonwood room at the Hyatt .

Commercial Support Specialists, Sr Specialists and Managers will be reviewed.

If you have any questions or scheduling conflicts, please contact Jeanie Slone at X53847.

2.  The Technical Meeting for ENA/EGM has been combined w/ EEOS.    The meeting will take two days.  The schedule for the meetings is June 21 and 22nd.  Further information will be forthcoming shortly.

 -----Original Message-----
From: 	Schoppe, Tammie
Sent:	Thursday, June  14, 2001 10:08 AM
To:	Melodick, Kim
Subject:	PRC Mtgs. for Louise
Importance:	High

Hi Kim,

I wanted to confirm the PRC meetings Louise should be attending.  This is what I have on her calendar:

7/9 - ENA Commercial PRC
7/10 - VP Pre-ranking
7/11 - MD Pre-ranking
7/23 - Final VP PRC at St. Regis Hotel

Can you please confirm these?

Thanks a bunch!

Tammie

Have a great day!


-----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 22, 2001 11:57 AM
To:	Kitchen, Louise; Dietrich, Janet; Delainey, David; SMITH, Douglas; Lavorato, John; Black, Don; Forster, David; Duran, W. David; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Black, Tamara Jae; Aucoin, Berney C. ; Furrow, Dale; Meyn, Jim; Harvey, Claudette; Presto, Kevin M.; Jacoby, Ben
Subject:	FW: Summary RTO Week Day 2 -- Planning & Expansion

FYI.

TJ and Claudette -- please forward to your groups.  Thanks.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Wednesday, October 17, 2001 10:17 PM

  RTO Week
Day 2 -- October 16, 2001
Transmission Planning & Expansion
The afternoon panel discussed transmission planning and expansion. The panelists were: Jose Degado--CEO American Transmission Company, Michael Dworkin--Chair Vermont PSC, Mark Maher--VP Transmission Business Line, Bonneville Power Administration, Lara Manz--PSE&G, Masheed Rosenqvist--National Grid, Steve Walton--Enron.
General Observations
The Commissioners were all present although the did leave and return from time to time.  Commissioner's Breathitt and Massey were the most active in questioning.  The FERC Staff were active in asking questions after the initial presentations, moving along the discussion by asking questions.  There was some reference to the morning discussion of congestion management, however, there was no discussion of the merits of the various types of transmission rights.  There was a good deal of consensus around the concept of the RTO Planning Process being first a provider of information to the market (where are problems, how might they be solved, etc.) and that the where possible that expansion be funded by market participants who would benefit.  There was a good deal of discussion of "least cost planning" and the identification of options which are not transmission related.  All agreed there had to be backstop authority to build transmission, however then the challenge is who pays for it, which raises the need for dispute resolution.
Opening Statements
Jose Delgado: ATC is a transmission only company with MISO as the system operator.  They view everyone as a customer whose needs are to be met.  They were formed by divestiture by IOUS, coops and munis and with a $500 million asset base initially. Their current ten year plan will add $1billion of investment.   Their top priorities are connecting generation and load.
Michael Dworkin: Because transmission is a common good, construction affects all parties not just one party.  The environmental and permitting of lines requires a balance of benefits with costs and a long range view.  The idea of joint boards should be considered for dealing with multi-state projects, although FERC has show little interest in joint boards they have been used by FCC.  State input needed because of the local needs and impacts which must be considered.
Mark Maher: FERC must consider the unique characteristics of the West when considering congestion management.  LMP is not a good fit to hydro systems with their multiple use obligations.  RTO West is developing a planning process which will give the RTO the freedom to develop options as we learn in the future.  The RTO needs a strong centralized planning process.
Laura Manz: The various aspects of planning are connected.  Pricing (LMP) is the key to getting the right signals for expansion of transmission and resources.   No competitor should have an advantage over another.  The RTO needs a central planning process but it shouldn't push solutions.  The market should decide on solutions.
Masheed Rosenqvist: The morning discussion of congestion management talked about hedging against risk.  The planning discussion is not about what we have now, but about how to avoid future congestion.  The Commission has taken conflicting positions in different cases.  The issues that need to be answered are:  How can merchant transmission be compensated?  Should transmission projects be open to RFPs?  Is FERC open to market based pricing for expansions?
Steve Walton:  The most important thing for FERC to do for expansion is to settle the matter of industry structure do away with the uncertainty that has frozen transmission investment.  The RTO debate has been going on for 5 years or more and needs to be settled.  For expansion to go forward, there needs to be a clear property right which accrues to the expanding party.  You are always going to have muddy issues in planning.  For instance if a 138 kV line is all that is needed to day, but future considerations of scare right-of-way say a 345 kV line should be built, who pays for the extra cost.  In order to resolve such matters the planning process must include a dispute resolution process, appeal able to FERC, to decide such matters.
Discussion
Kevin Kelly asked about he fact that some parties benefit form current congestion so how does a stakeholder process get things built when some oppose.  Most agreed that if a party wants to fund construction it should be built with the beneficiaries funding.  Michael Dworkin expressed concerns about use of eminent domain to build which means a benefit test must exist to say this is the best solution, i.e. least cost planning.  This lead to discussion of the need for the RTO to be provider of information to all parties so they can make intelligent decisions.
Commissioner Massey asked about whether the system was (a) under built and needed lots of expansion so don't worry about overbuilding or (b) transmission planning should consider all options before construction of new facilities.  The panel agreed that pricing needs to be a prime determinant in the process.  Michaela Dworkin worried that overbuilding distorts decisions.  Laura Manz felt that the term "under built" is a secondary effect of not having proper pricing of locational prices to guide parties.
Dick O'Neil asked if LMP will work in the West.  Mark Maher said it wouldn't.  Laura Manz said it applies everywhere because of physics, they manage hydro facilities in PJM.  Michael Dworkin said LMP means an explicit measure of cost of congestion and the value of generation at locations and ought not to be rejected just intelligently designed.  BPA is looking pricing model but LMP won't work.  Steve Walton said LMP needed for real time dispatch, but given the nature of the Northwest hydro system it must have some "tweaks" like bilaterals and allow operator self-schedule output levels to permit  river coordination.  Hydro system optimizes over weeks and months to maximize firm energy production not on an hour to hour basis.  PJM has hydro, but not 70% as in the Northwest.  Implementation will be different because such thing as unit commitment are different when you have primarily hydro and base load coal.
In the summation at the end of the panel, four principles were listed:  (1) RTO must provide information, (2) RTO should identify solutions, (3) RTO should be unbiased and (4) the RTO should be accountable.  The disagreement was over the last two points, Michael Dworkin felt that #3 (unbiased) was critical and that #4 (accountability) was accomplished by having regulators involved in governance.  Jose Delgado said and Transco can't be unbiased since it provides services, although the ISO above it can be, but accountability is based on loosing your investment if you make an mistake.  This last point really comes down to a preference for ISO over Transco forms and the tension which exist because unbiased and accountability issues.
Steve


Hey Brett,

What's been going on?  Been surfing the net lately and and ran across this .
. . pretty funny!

http://www.brettlawler.com


Please approve the attached expense report and forward it to accounting with
a cc: to me.  Sorry for the low amount ($37.83), but all expense reports need
to be in by the 13th of this month and this is all she has right now.  Thanks!


FYI

----- Forwarded by Scott Bolton/Enron Communications on 11/22/99 08:19 AM
-----

	Jeffrey Keeler@ENRON
	11/19/99 10:57 AM

		 To: Scott Bolton/Enron Communications@Enron Communications
		 cc: Cynthia Sandherr/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Chris
Long/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES
		 Subject: Internet Language DROPPED from Satellite TV bill

Scott:

Just to follow up on my e-mail and voice mail messaged to you:  language that
would have barred internet companies from obtaining the licenses to transmit
movies, sporting events and other broadcast programs was DROPPED from H.R.
1554, the satellite TV bill (which is attached to H.R. 3194, the omnibus
appropriations legislation).

Please see the CQ article below for more information on the legislation in
general.   We will certainly continue to watch for language like this that
might surface in future legislation.   In the context of ECI's larger
legislative agenda, we may also want to explore the potential to develop
legislation that would pro-actively ensure the broadcast of licensed
programming over the internet.

Cheers,

Jeff

*********

TELECOMMUNICATIONS: SATELLITE BILL SURVIVES A SCARE, CARRIES OTHER MEASURES
WITH IT
By Alan K. Ota, CQ Staff Writer

Nov. 18, 1999 - The uproar in the Senate Thursday over deletion of a loan
guarantee program designed to improve rural television service nearly
obscured the significance of the satellite television bill that was linked to
the fiscal 2000 omnibus spending bill (HR3194).

The controversial provision would have created a new Agriculture Department
program to guarantee $1.25 billion in loans enabling satellite providers to
transmit local programming to rural subscribers -- service they insist is too
expensive to provide without help. It was added to the satellite TV bill
(HR1554) in conference but dropped when the final version (S1948) was
referenced in HR3194.

Rural-state senators led by Max Baucus, R-Mont., blocked action on a stopgap
funding bill (HJRES82) until leaders promised them a floor vote on the loan
guarantee legislation or similar provisions by next April 1.

Also dropped from the final bill was language that would haved barred
Internet service providers from obtaining the licenses necessary to transmit
movies, sports events and other broadcast programming. Cable and satellite
providers would be the only entities with such licenses. America Online and
other companies lobbied furiously to strip the provision.

The final measure would for the first time allow satellite companies to beam
local news, sports, weather and other broadcast programming to all of their
customers, just as cable providers do.

And it would grant a reprieve to more than a million satellite subscribers
now receiving local channels who otherwise would lose those signals by year's
end. A court had ruled the subscribers do not qualify to receive local
signals by satellite under current law.

Satellite companies would have to gain permission from local broadcast
stations within six months after they begin retransmitting those signals.

By Jan. 1, 2002, satellite carriers that transmit local channels would have
to carry all of the channels in that community, a "must-carry" requirement
already imposed on cable providers.

The measure would extend for five years the licenses under which satellite
companies retransmit the signals of superstations and distant network
stations and reduce the copyright fees they must pay.

The bill would generally retain existing standards for determining which
subscribers are eligible to receive distant network signals by satellite, but
it would require the Federal Communications Commission to review its model
for determining which areas are unable to receive acceptable-quality
broadcast signals over the air.

Like the conference report on HR1554, the final satellite bill carries a
number of pieces of unrelated legislation.

* Patent Overhaul. In a victory for Senate Judiciary Committee Chairman Orrin
G. Hatch, R-Utah, negotiators included a patent system overhaul bill (HR1907)
that was strongly opposed by some inventors and by the Eagle Forum, a
conservative group headed by political activist Phyllis Schlafly, who argued
that it would permit foreign companies to steal American technology.

The bill would require publication of some patent applications, which have
been filed both in the United States and abroad, within 18 months of filing,
whether or not patents have been granted.

The measure also would require the Patent and Trademark Office to approve or
reject a patent application within three years. It would provide patent term
extensions for any not approved within that three-year period to guarantee
investors a 17-year patent term. Currently, patents are for 20 years, but
inventors often lose years waiting for approval of their applications.

* Low-Power TV Stations. The omnibus spending bill also included provisions
of a bill (HR486) to create a new "Class A" license for low-power television
stations equivalent to those granted to full-service "primary" stations.

The provisions are designed to help low-power stations that often provide
"niche" programming in urban areas and local programming in rural areas
become more stable and commercially viable.

* 'Cybersquatting.' The measure includes provisions of a bill (S1255) to bar
unauthorized use of trademark-protected brand names in Internet addresses.
The bill was passed by the Senate by voice vote Aug. 5; the House passed a
different version Oct. 26.

* PBS Donor Lists. In response to disclosures earlier this year that some
public broadcast stations had exchanged donor lists with political parties --
and primarily with Democratic Party units -- negotiators included a provision
to prohibit such stations from sharing their donor lists with political
parties. It also would bar disclosure of its donors to any non-affiliated
group without the donor's consent. Rep. Cliff Stearns, R-Fla., had introduced
legislation (HR2791) earlier this year to prohibit the list-sharing, but the
bill did not advance.


Palo file.  Winter is approaching.  You are the King.

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Tuesday, September 25, 2001 2:54 PM
To:	Grigsby, Mike
Subject:	Palo alto historical usage consolidation

Mike,

Attached are Palo Alto's historical loads, which have been verified with Palo Alto.  If you would like to see a different format, let me know.

Thanks,

Kim


Calendar Entry

Brief description:
Date:
Time:

Crescendo Meeting (EB3335) Rescheduled to 2:00 pm for 2/13/01 only
02/13/2001
02:00 PM - 03:00 PM

Detailed description:

Invitations have been sent to: Arvel Martin/HOU/ECT@ECT, Audrey
O'Neil/HOU/ECT@ECT, Becky Caudle/HOU/ECT@ECT, Christopher K
Clark/HOU/ECT@ECT, Don Rollins/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Joan
Quick/HOU/ECT@ECT, Mark Castiglione/Corp/Enron@ENRON, Mark
Whitt/NA/Enron@Enron, Nick Cocavessis/Corp/Enron@ENRON, Rusty
Belflower/NA/Enron@Enron, Scott Josey/Corp/Enron@ENRON, Teresa G
Bushman/HOU/ECT@ECT, Walt D Hamilton/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT,
Barbara N Gray/HOU/ECT@ECT
Optional invitees: Denys Watson/Corp/Enron@ENRON, Deborah J
Edison/HOU/ECT@ECT, Pat Jefferson/HOU/ECT@ECT
_________________________________________________________________________
Chairperson: Scott Josey/Corp/Enron
Sent by: Tonai Lehr/Corp/Enron


Cliff Shedd will present Enron's political risk insurance process at the
February 1 meeting.  Afterwards, we will have presentations from other
members of the risk group.  The meeting may take an extra 30 minutes.

REMINDER
If you will be participating by video conference, please have your local
technician call Rodney Keys in Houston at (713) 853-9631 as soon as possible
to make sure everything is ready for the call on Feb 1.

If you have any questions, please give me a call at (713) 853-3226.


Refresh my recollection.  Did we (Enron and Northwestern) agree to the form
of the escrow agreement?  If so, then we will need to see if the escrow agent
has any comments.  Chris is on vacation, ciaoing down in Italy (sorry,
couldn't resist).  He should be the point man, though.

On the Delta deal we ran into some complications in moving money because
Citibank had the money invested in a money market account.  Does the current
draft allow for that?  I guess the easiest thing to do is to send it to me
and let me see what's up.

Thanks,

Kay

"Reuter, Marisa" <MReuter@KSLAW.com> on 05/09/2001 08:01:41 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: ENA/Blue Dog: Escrow

Kay:

I thought I would check in to determine the status of the escrow account
since it needs to be set up 30 days following the execution of the Letter
Agreement.  Let me know if I should follow up with Chris regarding the
details.

Regards,

Marisa

 <<Reuter, Maria I. (Business E-Mail Address).vcf>>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - Reuter, Maria I. (Business E-Mail Address).vcf


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That makes sense.  Thanks.  Mark

	Vicki Sharp@EES
	05/31/2001 11:33 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Enron Direct USA Product Descriptions

Mark, we are working with Ken Raisler to evaluate these products as an
alternative to the other "swap" type product we talked about a few months
ago.  Let me know if you want to stay in the loop on this at the development
stage.  I  would suggest that we finalize with Raisler and then bring Carol
in the loop.

Thanks.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 05/31/2001 11:30
AM ---------------------------

	Enron Energy Services

	From:  Vicki Sharp                           05/25/2001 10:43 AM
	Phone No: 713 853-7413

To: raislerk@sullcrom.com
cc: Mike D Smith/HOU/EES@EES
Subject: Enron Direct USA Product Descriptions

Ken, we will want to discuss these new products with you on our Tuesday
call.

Thanks.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 05/25/2001 10:41
AM ---------------------------

	Enron Energy Services

	From:  Mike D Smith                           05/25/2001 10:10 AM

To: Vicki Sharp/HOU/EES@EES, James E Keller/HOU/EES@EES
cc:
Subject: Enron Direct USA Product Descriptions

Descriptions look pretty good to me.  Do we want to forward to Raisler before
our Tues tele conf?
---------------------- Forwarded by Mike D Smith/HOU/EES on 05/25/2001 10:10
AM ---------------------------

	Enron Energy Services

	From:  Chris Hendrix                           05/24/2001 05:02 PM
	Phone No: 713 853-9215

To: Vicki Sharp/HOU/EES@EES, James E Keller/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
cc: Scott Gahn/HOU/EES@EES, James M Wood/HOU/EES@EES, Edward
Hamb/HOU/EES@EES, John D Burrows/HOU/EES@EES
Subject: Enron Direct USA Product Descriptions

Attached is a narrative describing some of the products offered by Enron
Direct USA.  We are seeking a legal opinion if these products are considered
Swaps in the legal sense and will require the Swap Criteria language in the
contract.

Thanks,

Chris


?
Subject: Click and go to http://www.enerfax.com if can not view  properly.htm

?
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
																													[IMAGE]

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																												Click here for  a daily email link

																									Enerfax Daily

																																						[IMAGE]
																																	[IMAGE]

																																Enerfax  Daily? -? Page  ? -? October 31,  2000? -? ? Need a  Past Issue
-Click Here

																																				[IMAGE]
																																						[IMAGE]
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																														Enerfax  Daily? -? Page  ? -? October 31, 2000

																																								[IMAGE]

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																															Enerfax  Daily? -? Page  ? -? October 31,  2000

																															[IMAGE]
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																																				Enerfax  Daily? -?  Page 6? -?  October 31, 2000

																																					[IMAGE]

																					Public Offered Units of Williams
																					Energy Partners

																					?  ? Williams will offer the public a 32% stake in its Williams  Energy
Partners petroleum storage and distribution partnership.  Williams Energy
Partners filed with the SEC to register 3.75 million  common units, which
will be listed on the NYSE under the symbol  'WEG'. Williams will own 68% of
the Williams Energy partnership  after the sale. The partnership consists of
four petroleum products  terminals along the Gulf Coast and the New York
harbor, 24 inland  petroleum product terminals and an ammonia pipeline.
Lehman Brothers  will underwrite the sale which is expected to begin next
January.  The estimated total proceeds would be about $90 million if the
underwriters exercise an option to sell an additional 562,500 units  if
needed to meet investor demand. If that overallotment option is

																																exercised, the public would have a 37% stake in the  partnership. The four
marine terminals have a storage capacity of  more than 17.6 million barrels.
The 1,100 mile-long pipeline  transports and distributes ammonia from
production facilities in  Texas and Oklahoma to various distribution points.
Ammonia is  produced from natural gas and is used primarily as a nitrogen
fertilizer. Williams did not name an individual price for the common  units.
It would expect to receive net proceeds of about $70 million  from the sale
of the 3.75 million common units, based on a?  unit price of $20. WEG will
use the proceeds, together with $90  million from its line of credit, to
repay $156 million of debt owned  to Williams. Williams Energy will offer
holders of the units a  quarterly distribution of $0.52 per unit each
quarter. Last week,  Williams said third-quarter profit more than quadrupled,
beating  estimates.

																							[IMAGE]
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																																						Enerfax  Daily? -?  Page 7? -?  October 31, 2000

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																																				For more information, please Contact Ron Ford
																																				at Ziff Energy Group, Houston, TX
																																				(713) 627-8282 or Toll Free: 1-888-736-5780
																																				Also, visit our web-site, www.ziffenergy.com, to review our  Brochure.

																																				[IMAGE]

																																				[IMAGE]

																																		DTE,  MCN Merger to Close Next Year

																																		? ?  DTE Energy Holding says it is unlikely that the merger with MCN  Energy
Group will close this year. The delay is due to the  companies' decision to
sell a portion of MCN's natural gas  distribution capacity to a unit of
Exelon, which is subject to  Michigan PSC review.

																																				[IMAGE]

																															Financial Summary

																																						[IMAGE]

																				[IMAGE]

																		The TSE 300 fell 68.80 points to 9253.10
																		The CRB  Index lost 0.88 points to 218.38
																		The US Dollar decreased  0.16 points to 117.14 The Dow advanced 244.77 points
to  10835.77

																																			The S&P 500 gained 19.07 points to 1398.65
																																			The Nasdaq  was down 87.02 points to 3191.34 December NYMEX Crude Oil rose
0.07  to 32.81 Canadian-US Exchange climbed .0038 to  1.5310

														")} TC
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As required by the Houston Fire Department, a fire drill has been scheduled for the Enron Center Campus.

	Enron Center North, 1400 Smith St., approximately  3:15 PM on Thursday, December 20th, 2001

	Enron Center South, 1500 Louisiana St., approximately 3:45 PM on Thursday, December 20th, 2001

Please advise all clients, contractors, and visitors that this will be a fire drill only. The fire alarm will sound at 3:15 PM in Enron Center North and 3:45 PM in Enron Center South. You will be asked to go to the stairwell and standby.  Do not go into the stairwell.  Further instructions will be given over the public address system.  If you experience any difficulties in hearing either the fire alarm or any announcements over the public address system, please notify the Facilities Help Desk by e-mail at facilitieshelpdesk1@enron.com.

Anyone that is mobility impaired or medically disabled may be excused from participating in this drill by sending an e-mail to Harry Grubbs.

If you have any questions or need any additional information, please contact Harry Grubbs at 713-853-5417.


The prebid meeting is tomorrow from 3:00 to 5:00 in ECS 5075.


Please be informed, Kim has scheduled an update meeting on tomorrow, Tuesday, October 9, 1:30 - 2:30p in EB-1336.

Please mark your calendars accordingly.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


I forgot my password to the statistical database.  Who should I contact to
find this info.?

Thanks,

Eric
3-0977


GADGETS, GIZMOS, AND OTHER FUN STUFF:
Technologies of the Future That Will Change the Way You Live & Work

Tuesday, Sept. 26
11: 30 a.m. to 12:30 p.m.
EB 5C2

Speaker:

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

Special "Guest": the Xybernaut Wearable Computer

R.S.V.P to Mary Clark via e-mail


-----Original Message-----
From: 	Schmidt, Ann M.
Sent:	Monday, October 22, 2001 4:02 PM
To:	Philipp, Meredith; Meyer, Vance; Palmer, Mark A. (PR); Denne, Karen
Subject:	Governor Chicken

FYI

REVIEW & OUTLOOK (Editorial)
Governor Chicken

10/22/2001
The Wall Street Journal
A18
(Copyright (c) 2001, Dow Jones & Company, Inc.)

The two politicians who've arguably benefited most from the national focus on war are both Californians -- Congressman Gary Condit and Governor Gray Davis. Too bad Mr. Davis is finding he still can't avoid his own chickens coming home to roost.
Only now are the folks in Sacramento learning that their Governor's "solution" to the energy crisis has been a political sham. A combination of collapsing budget revenues, foolish spending and bad credit ratings threatens to plunge the state into a full-fledged financial crisis.
Governor Davis's chickens left the roost back in May 2000, when California's botched scheme to deregulate electric power encountered a wicked price bubble. Wholesale prices, which had been deregulated, shot up, while retail prices, which were still regulated, didn't budge. This mismatch, along with other factors, generated huge supply disruptions and a first-class energy crisis.
The obvious response would have been to let retail rates rise with the market price. Mr. Davis said so himself in his now infamous observation that if he raised rates, the problem would be solved in 20 minutes. Mr. Davis preferred to play the blame game, including a lot of whining that he had inherited the situation.
While the Governor complained, California's two largest utilities were pushed into insolvency and neighboring states endured the double whammy of having their power sucked into California and seeing their electric rates shoot up. Californians suffered through rolling blackouts.
Finally, this past January -- eight months after the energy crisis began -- the Governor responded: Retail rates were increased twice, and the state started to purchase power directly from suppliers, using money from its general fund. At the same time, the state negotiated contracts with suppliers at prices that are now well above market prices and for terms as long as 20 years.
And then Mr. Davis got lucky. Although the forecast was for a summer of continued blackouts generated by a strong demand for power, the disaster failed to materialize. Not only was the weather cooler than normal, but higher rates produced immediate conservation; thus demand was moderate and power sufficient. Newsweek went out and hailed the Governor as a political Lazarus.
But now here come the chickens. It seems that almost one-quarter of California's budget revenues were provided by taxpayers with stock options and capital gains, mostly from Silicon Valley companies. When the dot-com industry started to implode, so did revenue projections -- to $12 billion this year, down from $18 billion last year. And this was before September 11 and the collapse in the Nasdaq market.
California would probably be able to absorb this revenue hit were it not for the still outstanding bills from the Governor's electric power fiasco. Consider the toll:
-- Somebody is going to have to pay for the $14 billion that the utilities owe to suppliers for power consumed before the state started buying electricity.
-- Somebody is going to have to repay the $12.5 billion bond issue that California hopes to float to replenish the money borrowed from its general fund.
-- Somebody is going to have to pay for those expensive, long-term contracts that the state negotiated.
-- Somebody is going to have to repay the bridge loan of $4.3 billion that California got from the banks hoping to underwrite the bond offering. (If this loan is not repaid by November 1, its interest rate jumps to 7% from 4%, resulting in an extra $250,000 in interest payments a day.)
Whether these bills are ultimately assumed by ratepayers or taxpayers, or some combination of the two, the impact on California's economy and its budget will be dreadful. Observers are estimating a budget deficit of almost $10 billion for next year.
As for Governor Davis, the problems of the "previous administration" are now his own. And Californians know it. A recent statewide poll showed that most voters preferred the former mayor of Los Angeles, Richard Riordan, the leading Republican challenger to Mr. Davis, by several points.
The Governor's response to the ever-worsening economic situation has been typical. He complains. He vetoes a few spending bills. He announces a $5 million campaign to persuade Californians to help the local economy by staying in-state for their vacations. We expect to see a lot of chickens on surfboards.

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


Jeff

Sorry it took so long to respond.  I talked to our EOL guys and they keep this stuff very close to their vest.  People are talking to us about buying the code but this would cost tens of millions of dollars.

So I don't think I can help.

Sorry

John

 -----Original Message-----
From: 	"Feig, Jeff" <jeff.feig@citi-fx.com>@ENRON [mailto:IMCEANOTES-+22Feig+2C+20Jeff+22+20+3Cjeff+2Efeig+40citi-fx+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 23, 2001 2:52 PM
To:	'lavorato@enron.com'
Cc:	Poladian, Grant [IT]
Subject:	FW: enron online questions

> John,
>
> Jeff Feig showed me the Enron online site and recommended I contact you
> with specific questions.
> Basically I was hoping to speak with one of your technical people about
> the tools or architecture
> you used in implementing the site.
>
> Some aspects of the site that I would like to know about are:
>
> What you used for the personalization features? Was it BEA, Apache's
> Jetspeed/Turbine, or something "home-grown"
> What tools you used for the Flash components?
> Why you decided on Flash over Java applets?
> How stable and straight forward has the flash client implementation been?
>
> I understand if you deem the answers as trade secrets, but any insight
> into your experiences would be appreciated.
> Thanks for any help you can provide. You can contact me at 212-723-1366.
>
> Regards,
> Grant Poladian
>


what is ramiro's last name?


-----Original Message-----
From: 	Chen, Hai
Sent:	Monday, October 22, 2001 8:55 AM
To:	Black, Tamara Jae
Subject:	Options Market Update
Importance:	High

T.J.,

Please forward the attached Option Market Update to traders and mid-marketers.  Thanks!

Hai


Mark:

Attached please find the other e-mail summarizing the pending jurisdictional
matters. Please note that Justin and I have determined that because Enron
could be exposed to criminal liability in the Netherlands, we will exclude
residents notwithstanding low risk of prosecution.  We are awaiting advise re
rather the same state of affairs exists in Italy - low probability of
prosecution but some risk of criminal liability.

Leslie
----- Forwarded by Leslie Hansen/HOU/ECT on 08/28/2000 01:43 PM -----

	Leslie Hansen
	08/25/2000 09:03 AM

		 To: "Murton, Rachel" <rachel.murton@linklaters.com>@ENRON
		 cc:
		 Subject: Re: Gaming advice in the various EU jurisdictions

Rachel:

Thank you so much for the feedback.  I will follow up later this morning to
address those questions that have yet to be answered.

With regard to a summary of your Olympic research in other jurisdictions, I
would very much appreciate a summary.

Thanks,

Leslie

	"Murton, Rachel" <rachel.murton@linklaters.com>
	08/25/2000 06:17 AM

		 To: "'leslie.hansen@enron.com'" <leslie.hansen@enron.com>
		 cc: "Didizian, Marly" <marly.didizian@linklaters.com>,
"'justin.boyd@enron.com'" <justin.boyd@enron.com>
		 Subject: Gaming advice in the various EU jurisdictions

Thank you for your e-mails.

I set out below the advice we have received from the various jurisdictions.

1.  Countries that can be added to the approved list:

We have now received the advice from Portugal, and as with the Euro 2000
game, the High Five Flag Game does not violate Portugese law, because
participants do not have to pay to enter and because it is run outside
Portugal - so you can add Portugal to the list of approved jurisdictions.

Finland can now also be added to the approved list. The game would not be
considered a lottery, as the players would not pay to enter.  It should not
be considered a restricted marketing measure providing there is no
obligation to purchase goods (which I understand is the situation).  Tax
issues were also initially a concern i.e. it was thought that Enron might be
liable to pay tax if it awarded a prize to a Finnish citizen.  However,
after discussions with the relevant tax authorities, this tax issue seems to
have fallen away - because Enron, as a foreign organiser would not have any
liabilites towards the Finnish tax office.  [If a Finnish citizen won the
prize, they themselves might have to pay tax on it - but I assume that this
is not a concern of Enron, since they themselves would not have liability
towards the Finnish tax office].

2.  Countries that could possibly be added to the approved list, provided
certain facts are confirmed (with either Enron or the regulatory
authorites),and/or  further information is provided.

As with Euro 2000 Poland is also looking likely - the Polish lawyers require
me to confirm that Enron's customers are permitted to use Enron's website
for online trading even if they have not purchased anything from Enron in
the past and do not intend to do so in the future.  It is my understanding,
that this is the case  - so assuming this is correct, Poland could be added
to the approved list.

Belgium - it is unclear under Belgium law whether the game is a Games of
Chance, a Lottery, or a Contest.  They need to forward a demo to the
regulatory authorities.  I have not yet checked whether the demo sent
yesterday is complete enough (our web access was very slow thsi morning)  -
but, as suggested in your e-mail, I will contact Dave Samuels if I need a
substantially more complete demo.

Italy - Approval is needed in Italy if the game is an advertising contest
addressed to Italian residents. The scheme would be classified as an
advertising contest - the key is whether it is addressed to Italian
residents.  Our Italian lawyers would like to know how many users there will
be in Italy, and would like us to confirm that the site will be in English
and from a server located in the UK. In order to obtain approval, the
Italian lawyers need to know whether Enron has a subsidiary in Italy - if it
does, the application needs to be made on behalf of this company, - if it
doesn't have an Italian subsidiary then they cannot actually apply for
approval of the scheme.  An integral feature of being an advertising contest
is that a prize is awarded, so if Italian participants are excluded from
being awarded a prize, the game won't be an advertising contest addressed to
Italian residents.

Sweden - The game is a lottery under Swedish law and therefore requires
approval (which there is virtually no chance of Enron obtaining because it
is not a charitable organisation) if it is addressed to the Swedish public
(as a general rule more than 250 people).  Our Swedish lawyers therefore
need to know how many participants there are in Sweden - if it is less than
250, then there seems to be a good chance that the game can go ahead - but I
will confirm this with them.

Norway.  There are four issues affecting the game in Norway - these are
whether the game is a lottery, whether the game is a money game, whether the
game promotes a business, and tax issues.  After informal talks with the
relevant ministries, th first two issues have fallen away, and are now no
longer a problem.  The Norwegian lawyers had some concerns as to whether the
purpose of the scheme  was to promote Enron - but I believe that, if I can
confirm to them that customers are permitted to use Enron's website for
online trading even if they have not purchased anything from Enron in the
past and do not intend to so in the future -  i.e. that the game is a
"gimmick" and not a promotional tool (as for Poland) this will drop away.
The tax issues are similar to those initially expressed by the Finnish
lawyers - and may fall away after consultation with the Norwegian
authorites.

3.  Jurisdictions where there is a technical  risk of violating local laws
but a low risk of enforcement

Netherlands - technically the game violates the Dutch Games of Chance Act
(DGCA). However, it  is not clear that the DGCA applies to internet games,
and our Dutch colleagues are not aware of any instances where internet games
have been prosecuted under the Act. They beleive that even if the Dutch
authorites were alerted to the game, games offered for a limited period of
time for moderate prozes would not be high on teh list of the dutch
authorities priorites!  There is also the issue that Dutch courts probably
won't consider themselves to have jurisdiction because, for example, the
prizes are expressed in GBP, the game is run from a UK server, the language
is English, and the game does not violate laws in jurisdiction it is run
from, although no guarantee of this can obviously be given.

4.  Miscellaneous

We await advice from Spain.  I have received, but not yet reviewed, the
advice from France (but from a brief glance, it does not look favouarble
regarding allowing French citizens to participate).

I also have advice from the various jurisdictions relating to whether Enron
employees themselves can participate (this looks favourable - obviously as
long as the game is conducted fairly).  I will review the specifics of this
advice, and forward it to you, along with the advice we have on disclaimers.
I should be able to do this this afternoon/evening  (UK time).

I have advice from most of the jursidictions on Olympic legislation.  Would
you like a summary of this advice for future reference? - it makes
interesting, if largely depressing, reading!

Rachel

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________


Following the first instance decision in the Civil Summary Proceedings, Ross,
Teun and myself met with Clifford Chance again yesterday to stress-test our
litigation strategy going forward and we arrived at the view that, at the
current juncture, the strategy we laid down over the last 10 days or so is
still correct.

That strategy - with an anticipated time-line is as follows:

1. Friday, 26 / 5:  We file an Urgent Appeal on the Civil Summary proceedings
in the Civil Court.  (We spent some time yesterday reviewing the draft Appeal
proceedings).  This is the last date for filing an Appeal on the Summary
proceedings.

2. Between now and the end of next week, we try again to get Sep to confirm
in writing the amount of t-o-p they have for energy, minimum cross-border
capacity required, etc. on their import contracts.

3. Mid-June:  Accordingly to CC's latest intelligence, the current
anticipated ETA of the DTe's decision in the Appeal on DTe Decision 005.

4. Around mid-June:  Judge decides whether or not we are going to be granted
witness hearings on t-o-p obligations of Sep (these will fall away if Sep
complies with point 2).

5. Mid-June:  If we get a vague or adverse decision by the DTe re point 3, we
lodge an appeal in Summary Proceedings before the CBB (the Administrative
court) against the DTe's decision in the Appeal on DTe 005.  Appeal will
probably be lodged on grounds that Sep contracts violate EU Directive.

Note:  if the DTe's decision is adverse (e.g., t-o-p relates to capacity not
energy), then our Civil Appeal (point 1) will at that stage fall away.

6. Mid-August:  Earliest possible date (per procedural rules) for Decision of
CBB in Summary Proceedings Appeal (if launched) per point 5.  Could be later.

7. End-August: Earliest possible date (per procedural rules) for hearing of
Civil Summary Proceedings Appeal per point 1(note:  this will be heard if
either DTe makes a decision favourable to us in mid-June per point 3 or if we
get an adverse DTe appeal decision, but we get a favourable CBB appeal
decision per point 6 - in the latter case the Civil appeal will, in effect,
be "re-instated").

In practice, this appeal might not be heard however until end October.

8. September: Witness hearings - unless Sep complies with 2 and judge does
not reject our request for witness hearings per point 4.

9. (End??) December:  According to latest CC intelligence, NMa will probably
make decision, and hence report, on our NMa complaint filed in January re
TenneT's alocation of cross-border capacity for the Y2K.

Additional Notes:

A.  The benefits of lodging an Appeal against the decision of the civil court
in the Civil Summary proceedings are (a) gives us additional litigation
optionality, (b) keeps the pressure on the system,  (c) if we are successful
on the DTe 005 appeal, or were successful in a CBB appeal against an
unfavourable DTe 005 appeal decision, then this Civil Appeal goes to
enforcement of that decision against Sep / TenneT and (d) was perceived to
have no material down-side.

B.  I have requested Clifford Chance to let me have (1) estimate of costs of
launching Civil Appeal + estimate of costs which we would have to pay to Sep
/ TenneT if we lost that Appeal and (2) total of our legal costs to-date,
broken down between those we have paid, and those which have not yet been
billed or billed but unpaid + estimate of our legal costs going forward on
the basis of the above strategy plus estimate of costs payable by us to
defendants if we lose any of the above actions going forward.

C.   It will be noted that the above does not take into account any Brussels'
angle.  This needs to be reviewed again when DTe makes decision on the
Decision 005 Appeal - i.e., probably mid-June.

D.  CC still attempting to find out when CBB will in effect decide whether or
not TenneT is an administrative body (which impacts the forum, and hence to a
certain extent, the above time-scale).

E.  Clearly, legal strategy is not caste in stone but may change depending on
how the litigation chess-game unfolds over the next succeeding weeks and
months.  This will be constantly reviewed.

If you have any questions, please do not hesitate to contact me.

Kind regards

Mark


The meeting is in room 3259 from 3:00 - 4:00.  Experience has taught me that
someone much more important may bump us.

This meeting will focus on the CGAS storage contract.  What we bill CES for
storage injections will be different than what we actually inject.  April is
a little more difficult because we will be injecting and withdrawing at the
same time.  CGAS only bills on the net injections or withdrawal amounts.  The
deals in Sitara are set up as CPR Storage for the injections and the
withdrawals.

Which brings up the following issues;
 *   How do we bill CES for injections if we don't enter buy/sales with CES
at the storage facility.
  Kate Fraser said there were never any BUG buy/sale tickets in Sitara for
storage.  How did that work?  Mark, I'm counting on you for this one.

 * How do we track the storage balance in Unify?

 * How are the injection/withdrawal cost capture, especially since CGAS will
bill on the net injections/withdrawals

I'm sure there are more issues that will come up during the meeting.

Thanks

	Enron North America Corp.

	From:  Kimberly Brown                           04/11/2000 02:21 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Meeting

You have Greg Whalley's  old office  EB 3259 from 3:00- 4:00.  That is all I
could get.

Chris Germany
04/11/2000 01:58 PM
To: Kimberly Brown/HOU/ECT@ECT
cc:
Subject: Meeting

Please reserve a conference room for up to 7 people for 1 hour on Wednesday,
April 12th around 2:30pm.

thanks


Congrats and best of luck always!  It couldn't happen to a nicer guy.

From: LEE MARTIN/ENRON@enronxgate on 03/21/2001 03:36 PM CST
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Re: selected ferc - final

just taking over for Vickie Coonts--she retired in Feb.  Litigation and
claims.


Hi Paula -

Mike McConnell has again asked me to send you a message on his behalf.  We
have received your message below to Zina and then also a message from Carrie
Shapiro on the same conference.  George Wasaff, MD for Strategic Sourcing,
spoke at one of these conferences recently and Mike said that he would like
to have the conference organizers continue to contact George for future
conferences.  I will pass this information along to both Zina and Carrie.

Again, let me know if you have any questions.  Thank you.

Cathy Phillips for
Mike McConnell
(713) 853-6898

Paula Hix@ENRON
07/11/2000 07:42 PM
To: "Zina" <zinak@tradefairgroup.com>
cc: Horace Snyder/Corp/Enron@ENRON (bcc: Mike McConnell/HOU/ECT)
Subject: Re: Largest Gathering of Energy & Chemical Marketplace Experts

Zina,

Thank you for the information here and the followup phone message.
Regrettably, I won't be able to participate in the aspect of giving a paper
at your Conference.  Please keep us in mind for the future.  We will,
however, be very interested in having staff attend.

I suggest that you consider contacting Mike McConnell at Enron Corp to
discern an interest in a speaker from his group.
Thank you again.

Sincerely,
Paula

"Zina" <zinak@tradefairgroup.com> on 07/07/2000 11:25:48 AM
To: <paula.hix@enron.com>
cc:

Subject: Largest Gathering of Energy & Chemical Marketplace Experts

www.e-procomseries.com

e-ProCom for Oil, Gas, Chemical and Energy Conference & Exhibition
August 21-22, 2000, Westin Galleria, Houston, TX

The e-ProCom for Oil, Gas, Chemical and Energy Conference is becoming a true
industry-wide gathering with over 100 confirmed speakers from 75+ different
companies presented in 3 simultaneous tracks that are custom programmed for
each specific e-business management function. This is an event that will
deliver the most real world solutions and options available in just 2-days.
Featured speakers include:

* Peter Lamell, Co-Ceo of the OGP Exchange
* Shell, Beth Armstrong, Senior VP Strategy & Marketing, Aquila Energy Corp.
* Gary Sellers, Team Leader for International Procurement, Texaco
* James Crompton, Strategic Account manager, Chevron
* Paul Frison, CEO, Houston Technology Center
* Stephen Long, SAP Analyst Materials Management, Lyondell Chemical Co.
* Tom Lennon, Technical Support Manager, Schlumberger Oilfield Services
* Paul Massih, General Manager Global Procurement, Chevron
* Bob Sheffield, Logistics & Gulf Share Leader, Shell E&P
* Jeff Sjurseth, Upstream Procurement, BP Amoco

.....and this is just 10% of the experts who will be panelists at e-ProCom
in August!

The e-ProCom event offers a moderately priced conference fee, as well as a
discounted group Corporate Registration Plan that allows companies to bring
everyone involved in the decision making processes. Register before July
31st, and save a $100 on an individual conference registration.

We are very proud of the level of interest that is growing daily for the
e-ProCom event. Please take a look at the Corporations that have decided to
become a part of this exciting industry gathering:

Commerce One, WellBid, RightWorks.com, Aspen Tech, Context, Arthur Andersen,
PetroCosm, MySAP.com, EnergyPortal.com, GeoNet Services.com, MOAI,
WorldOil.com, Petroleum Place, ProcureNet, ShareMax.com, ADB Systems,
Tradeum, MRO.com, Oil & Gas Journal Exchange, IndustrialInfo.com, SAGA
Software, Walker, IPNET Solutions, Pacific Edge Software, 21st Century
Energy Advisor, BP Amoco, Bechtel Corporation, Cisco Systems, Compaq
Computer Corporation, PricewaterhouseCoopers, Energy e-Comm.com, Enron Gas
Pipeline Group, FreeMarkets, iSource, Forrester Research, Inc., Iconixx,
KPMG LLP, Lyondell Chemical Company, Microsoft Corporation, MyPlant.com,
NetworkOil.com. There is still time to join us...

Media & Associations: Business 2.0, Energy Central, PIDX, Purchasing
Magazine, Hydrocarbon Processing, Hart's E&P, Texas Technology, Business
Finance.com, World Oil, Computer
User, Houston Business Journal, PR Newswire.

We look forward to presenting you with an event that delivers quality,
unbiased and vital information in the 2-day Conference as well as in the
"Solutions Pavilion." Register today!

Zina Kavazovic, e-ProCom for Oil, Gas, Chemical and Energy, Tel. (713)
463-9595 x311,
E-mail: zinak@tradefairgroup.com or visit our website at:
www.e-procomseries.com

paula.hix@enron.com


Attached is a final, consolidated version of EPSA's "Bare Essentials" handout that was developed for RTO Week.  It's a 4.5 page document that addresses the following issues:

RTO Markets and Design
Congestion Management and Transmission Rights
Planning and Expansion
Standardizing RTO Tariffs
Cost Recovery Issues
Standardizing Markets, Business and Other Practices
Market Monitoring
Mitigation of Market Power

 - bare essentials.doc


See below for email I sent about the tour.  I have not heard back from anyone
in this group about the tour, so if it is going to occur, Greg Whalley would
most likely want to participate and we need to arrange it with him.  Steve,
let me know if you want me to call Greg.

Tom Briggs and John Shelk's emails to me about this for your information (the
emails were not attached to the memo I sent to Louise, etal.)  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 07/06/2001
05:15 PM ---------------------------

	From:  Christi L Nicolay                           06/28/2001 09:20 AM

To: Louise Kitchen/HOU/ECT@ECT, Greg Whalley/Enron@EnronXGate, Andy
Zipper/Enron@EnronXGate, John J Lavorato/Enron@EnronXGate, Mark
Taylor/Enron@EnronXGate, Mark E Haedicke/Enron@EnronXGate, Elizabeth
Sager/Enron@EnronXGate, Jeffrey T Hodge/Enron@EnronXGate
cc: Sarah Novosel/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Lisa
Yoho/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron

Subject: Response to FERC: EOL

Attached are the responses to the questions of FERC staff about EOL resulting
from their visit earlier this month.  I have used the revisions from Louise
and incorporated comments from Bob Butts about the value at risk discussion.
Mark Haedicke has reviewed this draft.  I would like to send these to Kim
Bruno at FERC later today.

An additional FYI.  Connie Lausten of the U.S. House Government Reform
Committee made a request to Enron's DC office to see the trading floor
operations in addition to holding a discussion about Enron Online.  She is to
meet with Dave Forster and Mark Taylor on Friday, July 13th at 9am.  John
Shelk from our DC office told me when people on the Hill say "Enron OnLine"
they mean not only the online trading platform itself, but the broader
subject of financial products and energy  trading, whether online or
otherwise.  John said that the interest coming from the Hill is broader than
the platform alone and reflects in many ways a lack of understanding of the
benefits of what we do in this area.  We will be coordinating this with the
DC office.

Please call me with any comments at 37007.

_____________________________________________
_____________________________________________

John Shelk@ENRON
06/25/2001 05:07 PM
To: Tom Briggs/NA/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, David Forster/Enron@EnronXGate, Mark
Taylor/Enron@EnronXGate

Subject: Re: Trading Floor Visit

For purposes of the congressional staff visit on July 13th -- and in general
-- I think we are in agreement, as discussed at today's staff meeting, that
when folks on the Hill say "Enron OnLine" they mean not only the online
trading platform itself, but the broader subject of financial products and
energy  trading, whether online or otherwise.  Just wanted to pass this on so
those involved in the issue understand that interest coming from the Hill is
broader than the platform alone and reflects in many ways a lack of
understanding of the benefits of what we do in this area.  Thanks.

________________________________________________
________________________________________________

From: Tom Briggs@ENRON on 06/25/2001 05:48 PM EDT
To: Christi L Nicolay/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, David Forster/Enron@EnronXGate, Mark
Taylor/Enron@EnronXGate
cc: John Shelk/NA/Enron@Enron

Subject: Trading Floor Visit

Christy,

As you recall, I have upset individuals by arranging to have Connie Lausten
of the House Government Reform Committee meet with Dave and Mark on Friday,
July 13th at 9am to discuss Enron Online.  She would like to see the trading
floor operations in addition to holding a discussion on Enron Online with
Dave and Mark.  Can you plase arrange this and get back to John Shelk.


Who handles the billing for Ashland Chemical?


Please let me know if you have any questions.  I will send an e-mail with the
in-room fax number tomorrow.

Thanks,
Joannie


I guess go back to the original contract performance numbers.  The other
numbers must be specific to the site for the Las Vegas project.

Kay

"Thompson, Peter J." <pthompson@akllp.com> on 04/02/2001 11:05:25 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Salmon Energy Turbine Agreement

I changed the performance numbers in Section 10.7 and 10.8 to reflect
the changes requested by Lee Johnson in his 3/12 e-mail that you
forwarded to me on 3/16.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, April 02, 2001 11:23 AM
To: Thompson, Peter J.
Subject: RE: Salmon Energy Turbine Agreement

Hi Pete,

Are the performance numbers the same as the original master numbers?  I
recall some email traffic on this.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/02/2001
10:22
AM ---------------------------

lee.johnson@ps.ge.com on 04/02/2001 08:15:48 AM

To:   Kay.Mann@enron.com
cc:

Subject:  RE: Salmon Energy Turbine Agreement

Kay,

Is Salmon LLC the Delta Power project?  The unit 25-28 prices are $
15,769,725 per unit.  Unit 28 Guaranteed Delivery Date (=ex-works ship
date)
is 31 December, 2001.  A unit serial number has not been assigned to
date.

I don't know how your business teams on LV and Delta agreements are
distributing pricing and want to show payment and termination schedules
between the 2 deals.  Maybe you can poll Steve Thome, Bill Williams and
Jake
Thomas to get these answers.

For Salmon, the performance values in Section 10 will be per the 24 unit
master contract.
I'm in New Orleans today, reachable via cell phone 713-823-2055.

Regards,

Lee

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, March 30, 2001 5:50 PM
To: Johnson, Lee L (PS, GE AEP)
Subject: Salmon Energy Turbine Agreement

Hi Lee,

Here is the new turbine contract, blacklined against the March 27
version.

I look forward to speaking with you soon.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001
05:48
PM ---------------------------

"Thompson, Peter J." <pthompson@akllp.com> on 03/30/2001 04:02:01 PM

To:   "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:   "Pipitone, Paul" <paulpipitone@akllp.com>

Subject:  Salmon Energy Turbine Agreement

     Attached please find a clean copy of the Salmon Energy Turbine
Agreement (the second document below), which includes Lee Johnson's
proposed changes to Section 10.7, as well as a blackline (first document
below) showing changes to the (3/27) version you forwarded earlier
today. I have include notes within the agreement indicationg those
places where questions remain - e.g., how the addition of the new
turbine affects the pricing schedule, guaranteed delivery, etc.
 <<Comparison of Version 5 of the LV Cogen to Version 1 of the Salmon
Energy Agreement.DOC>>  <<Salmon Energy Agreement - Version 2.DOC>>
(See attached file: Comparison of Version 5 of the LV Cogen to Version 1
of
the Salmon Energy Agreement.DOC)
(See attached file: Salmon Energy Agreement - Version 2.DOC)


Matt, I'm sorry I have'nt done any testing.  I'm working this weekend so I'll
give it a go.

Thanks.

Mat


I note in TW's bullets for 12-22 that TW did the "Cal Border Backhaul" deal
with SW Gas.  The last I heard about it, the deal had cratered.  I had
serious reservations about doing the deal as it was initially described to
me, which included a Cal border sale of "surplus" gas and a backhaul for EES
on behalf of SW Gas.  My probems were (1) the issue of possible or apparent
affiliate preference and (2) the need for adequate documentation of "surplus
line pack."   My last guidance was that a deal like this might be doable, but
only if we could document the "surplus" and if Stan signed off on it.  What
happened?  Does the deal involve EES???  Was that raised with Stan and
Danny?  The bullets don't mention the identity of the "shipper" that the
backhaul was done for.  Please respond.  DF


Enron is proud to be a major sponsor of the galleryfurniture.com Bowl!

Don't miss your chance to witness college football history, as bowl fever
hits the City of Houston with the inaugural galleryfurniture.com Bowl game
Wednesday, December 27, 2000 at the Houston Astrodome. This is your
opportunity to see the Big XII Conference face off against Conference USA!

This Friday, December 1st at the Big E' Caf,, Community Relations will be
selling discounted tickets for $8 to all Enron employees from 11:30 am- 1:00
pm (no limit).
The purchase of a game ticket will also make a difference in the lives of
thousands. All proceeds from ticket sales will go to AIDS Foundation Houston
(AFH) Investment of a Lifetime program, which benefits Houstonians with life
threatening illnesses.
Everyone who purchases a ticket Friday will also receive a coupon for a
complimentary Chick-Fil-A sandwich, and will have the opportunity to pick-up
FREE bowl game merchandise the from the galleryfurniture.com Bowl promotion
truck.  In addition, Gallery Furniture will have a special offer to Enron
employees to register to win a brand new 36-inch Color TV!
Don't miss out on all the exciting action and being a part of Houston Bowl
Fever!


Please always copy an additional person in our Corporate Services Group on
correspondence that requires action.  This is particularly important next
week while I am on vacation (out 5/5 -  5/12).

Additional Contact Information for Domestic entities:

Corporate Secretary  -- Teresa Callahan, Kate Cole, Hardie Davis

Secretary of State matters -- Lillian Bailey, Teresa Callahan

Secretary of State Document Orders -- Nicole West,  Renee Rodriguez for all
former EI entities

Annual Elections -- Irene Garcia

Other Elections, Corporate Data or Reports -- Nicole West, Irene Garcia,
LaShonda LaDay


Below is a summary of the Right of First Refusal section per the Transwestern
tariff.

Contract qualifications:
executed contract prior to 03/27/00 with term of 1 year or longer
executed contract on or after 03/27/00 with term of 1 year or longer at max
rate

Shipper notification:
6 months prior to contract expiration if term is 2 years or less
1 year prior to contact expiration if term exceeds 2 years

Posting:
pipeline will post within 10 business days
bidders have 1 month for submittals
shipper has up to 2 weeks to match


SIVY ON STOCKS from money.com
November 10, 2000

Leader of the free world

Thank goodness Fed chairman Alan Greenspan doesn't have to win in Florida.
Plus: More on Microsoft and John Malone's Liberty Media.

By Michael Sivy

It just keeps getting worse. I've listened to explanations on TV of what
the absentee ballots could mean and what kinds of litigation are possible.
I've read conspiracy theories online about what Jeb Bush did to tilt the
election and how electors could switch sides on December 18. I've heard
scenarios on talk radio about how Strom Thurmond could become president and
how the dolphins saved Elian so that Cuban-Americans would turn out in
numbers large enough to put George W. over the top. I can't bear to listen
to any of it anymore.

Fortunately, I don't have to. We have a president. Come January, we'll have
another president. Congress will be evenly split. And one more thing: Alan
Greenspan will still be the chairman of the Federal Reserve. Thank goodness
he doesn't have to be elected in Florida. What he does over the next six
months will determine how much the economy slows and what kind of stock
market we'll have over the next four years. So let's review the facts (and
the probabilities).

Whichever candidate becomes president, there will be only a moderate tax
cut and limited expansion of government spending. That will mean that the
budget surplus will be bigger than if either candidate had a strong
mandate. A bigger budget surplus means that the volume of Treasury bonds
outstanding will shrink -- and that will encourage long-term interest rates
to fall.

That will give Greenspan room to cut short-term interest rates. He most
likely won't do it at next week's Fed meeting, given the election disarray
and the fact that unemployment is still below 4 percent, a level that's
generally considered inflationary. However, the economy continues to show
signs of slowing, core PPI inflation (excluding food and energy) was
actually down last month, and it looks as though productivity will be quite
strong over the next couple of quarters. So look for rate cuts early next
year.

That's a great environment for bonds, and for many stock groups. But first,
we have to get through the current slowdown. Tech stocks continue to slide
and could get hit even harder during the next six weeks as overextended
money managers cut back their tech weightings. There are plenty of other
cheap stock groups, but recognize that some may continue to pull back
between now and year-end. Keep your eye on the long-term, though, and
you'll get some great buys.

There are, however, a couple of specific stocks I'd consider right now,
particularly if you're an aggressive investor. The first is Liberty Media
Group [LMG.A], which I recommended in September at $19 a share (see "The
media master is back").
[ http://www.money.com/money/depts/investing/sivy/archive/000927.html ]
The stock price has since fallen to $16.25, dragged down by the company's
intimate connection with AT&T. This week, however, Malone said in an
interview that he would like to sever ties to AT&T. Liberty has great
assets and could thrive on its own -- and it looks as though Malone is
ready to make a move. I'd bet on him.

In addition, I think Microsoft is a good buy, even though it has rebounded
from lows below $49 to $67. I don't pretend to be an expert on computers
and I know that Microsoft's results for the current quarter could be lame.
But the reports I see indicate that Windows 2000 could start boosting
revenues substantially next year. And over the next five years, Microsoft
could turn in earnings growth averaging more than 20 percent annually.
Those earnings alone should propel the stock, and that rapid growth should
lead to some multiple expansion as well. Moreover, as time goes by the
government's case against Microsoft becomes moot. And the next president is
going to be so busy trying to outlaw butterfly ballots, he isn't going to
have a lot of time to beat up on Bill Gates.

###

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

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SB 28x (Sher), which makes several siting changes including IEP-sponsored
proposals, passed the Senate this morning 35 to 0 and is now on its way to
the Governor's desk for his signature. Get you support letters in to the
Governor this week.

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net