-----Original Message-----
From: Moorer, Torrey
Sent: Tuesday, October 02, 2001 10:11 AM
To: Gossett, Jeffrey C.; Swinney, John; Hedstrom, Peggy; Meredith, Kevin
Cc: McKinney, Lara; Rivera, Oscar; Wei, Zhiyong; Husain, Karima; Lim, Francis S.
Subject: ERMS Bridge Programming Guidelines

In order to protect the integrity of TAGG production bridging logic and better facilitate development and improvements to EOL bridge functionality, the ERMS IT team has set forth some guidelines for the processing and prioritization of bridging development requests. These guidelines should assist both Risk Management and Commercial in gaining resolution on critical bridging issues while protecting against the implementation of faulty or untested logic.

The new process flow for ERMS bridging requests and corrections is as follows:

1) All requests for bridge logic corrections and enhancements will need to be forwarded by email through the EOL Product Control Group and should be prioritized as either "Immediate" or "standard". "Immediates" are emergency requests for which other programming efforts being made by the ERMS IT team will be placed on hold, while "standard" requests will be placed on ERMS's developmental time-table in the order received.

    ** Note: Tara Sweitzer will be sending a supplemental email to the various Risk groups of current programming issues for prioritization.

2) Once received, developmental requests will be evaluated by the ERMS IT team. The programmers responsible for logic implementation will then assign an estimated completion date, which PCG will forward back to the appropriate Risk Desk. Any system issues, emergency requests or other subsequent developments which may impact this due date will be communicated to the appropriate Risk group by PCG.

3) Upon completion of testing, the ERMS IT team will load new logic enhancements and fixes into the production environment. These uploads will take place each Friday evening, except in the case of emergency requests, which may be uploaded at any time. This standardized weekend upload will correspond with the weekly EOL application enhancement uploads.

Please feel free to contact either myself or Tara Sweitzer if you have any questions regarding the new development request procedures.

Thank you,

Torrey Moorer
EnronOnline Product Control Group
(713) 853-6218


---------------------- Forwarded by Chris Germany/HOU/ECT on 05/16/2000 12:35
PM ---------------------------

"Germany Jr, Don (WD)" <WDGERMANYJR@dow.com> on 05/15/2000 08:25:43 AM
To: "'Chris.Germany@enron.com'" <Chris.Germany@enron.com>
cc:
Subject: FW: INO.com Extreme Markets Daily Digest for May 11, 2000

Check it out.

-----Original Message-----
From: INO.com [mailto:digest@ino.com]
Sent: Thursday, May 11, 2000 11:57 PM
To: wdgermanyjr@dow.com
Subject: INO.com Extreme Markets Daily Digest for May 11, 2000

   E X T R E M E    M A R K E T S    D A I L Y    D I G E S T
              A complimentary service from INO.com

    FREE OPTIONS INDUSTRY COUNCIL CD-ROM
        http://www.ino.com/advertisers/oic/toolbox.html
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I N   T H I S   E X T R E M E   D I G E S T                   May 11
_____________________________________________________________________

<1>  INO.com Market Wrap
<2>  New Featured Product
<3>  Extreme Market Commentary
<4>  Top News Stories
<5> Extreme Futures
<6> Extreme Stocks
_____________________________________________________________________

<1> I N O . C O M   M A R K E T   W R A P
_____________________________________________________________________

The CRB Index has climbed 1.64 points to 220.57. The US Dollar
Index trended higher 0.72 points to 111.25.

The Dow climbed 178.19 points, at 10545.97, while the S&P 500
rose 24.76 points, last seen at 1407.81. The Nasdaq
Composite rose 114.85 points to 3499.58.

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<3> E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

The STOCK MARKET closed sharply higher on Thursday following the
release of today's report on retail sales for April, which was down.
Today's report eased trader fears about rising interest rates
however; it is unlikely that it will cause the Fed. to abandon its
current policy of higher interest rates until there is further
evidence of a slow-down in the US economy. Technically, today's
action appears corrective in nature leaving the door open for
sideways too lower prices on Friday. It will take closes above
trendline resistance crossing near 10,760 to temper the near-term
bearish outlook in the Dow.

JUNE BONDS closed higher on Thursday following today's release of
friendly retail sales data. This week's rebound off the 62%
retracement level of this year's rally crossing at 92-31 has allowed
June to challenging initial trendline resistance crossing near 94-09.
Multiple closes above this resistance level would signal a minor low
might be in place.
http://www.quotewatch.com/charts/futures/CBOT/USM0-daily.html

CRB INDEX surged to new highs for the second day in a row confirming
Wednesday's trading range breakout above 217.88. Sharp gains in
energies supported today's rally in the CRB, which has renewed its
long-term uptrend. I would not be surprised to see the CRB trade
sideways too lower on Friday as it consolidates some of this week's
gains and possibly retest broken resistance at 217.88. However, this
week's move to new highs has opened the door for a possible test of
weekly resistance at 223.23 later this month.
http://www.quotewatch.com/charts/futures/NYCE/CRY0-daily.html

CURRENCIES the June Dollar closed higher on Thursday following
Wednesday's late-session turnaround. The setback off last week's low
as the appearance of a potential bull flag. Closes into new highs
would confirm an upside breakout of weekly resistance at 111.37,
which would open the door for a possible test of the 1981 high at
114.88 later this spring. The Swiss Franc and D-mark closed lower on
Thursday with the D-mark gapping down and closing below long-term
support at .4624. Closes below last week's lows in both markets are
needed to renew this spring's declines. The June Japanese Yen posted
a key reversal up after session lows fell short of the Feb. low at
.9125. Additional gains on Friday would confirm today's reversal
pattern however; June needs to close above .9394 to confirm a
short-term bottom has likely been posted.
http://www.quotewatch.com/charts/futures/NYCE/DXM0-daily.html
http://www.quotewatch.com/charts/futures/CME/SFM0-daily.html
http://www.quotewatch.com/charts/futures/CME/DMM0-daily.html
http://www.quotewatch.com/charts/futures/CME/ECM0-daily.html
http://www.quotewatch.com/charts/futures/CME/JYM0-daily.html

PRECIOUS METALS closed mixed on Thursday. June gold posted a new low
close for the week and in doing so turned a number of short-term
momentum indicators bearish. Follow-through weakness on Friday could
set the stage for a possible test of May's low at 273.60 in the near
future. July silver closed lower following Wednesday's inside day
increasing the odds July will try and test this spring's double
bottom at 4.975. Today's mid-range close leaves the door open for
sideways trading on Friday. July copper closed slightly higher on
Thursday after probing last week's gap. Momentum indicators are
overbought and turning bearish warning bulls, time is running out and
downside risk is increasing. Closes below gap support at 82.40 would
confirm a short-term top has been posted.
http://www.quotewatch.com/charts/futures/COMEX/HGN0-daily.html
http://www.quotewatch.com/charts/futures/COMEX/SIN0-daily.html
http://www.quotewatch.com/charts/futures/COMEX/GCM0-daily.html

GRAINS closed higher on fund buying and NOAA weather forecast. July
corn posted an inside day with a fractionally higher close as traders
digested Wednesday's bullish long-range weather forecast from NOAA.
Light consolidation ahead of Friday's supply/demand report also
limited today's gains. NOAA is still calling for a potential drought
this summer, as LaNina is likely to persist through August. A steady
too higher close on Friday sets the stage a possible resumption of
last week's rally next week if hot/dry weather returns to the
Midwest. July wheat gapped up and closed sharply higher for the
second day in a row due to strong fund related buying. Expectations
for a friendly supply/demand report on Friday and bullish weather
forecast have been the driving factors behind this week's rally.
Today's close above minor resistance at 2.78 1/2 makes March's high
at 2.84 July's next target, then this winter's high at 2.95 1/2. The
rising ADX signals additional short-term gains are possible during
May. http://www.quotewatch.com/charts/futures/CBOT/CN0-daily.html
http://www.quotewatch.com/charts/futures/CBOT/WN0-daily.html

SOYBEAN COMPLEX closed steady to lower due to consolidation ahead of
Friday's supply/demand reports. July beans posted an inside day in
relatively quiet trading ahead of tomorrow's reports. Never the less,
this week's rally is turning a number of short-term momentum
indicators neutral too bullish leaving July poised to renew this
year's rally if the weather turns hot and dry next week. Closes above
5.82 1/2 would confirm the uptrend has resumed. July soybean meal
spiked to new highs before light profit taking tempered today's
meager gain. Today's high-range close leaves July poised to extend
this month's move to new highs if Friday's reports come in neutral to
friendly. July bean oil closed lower on Thursday in narrow trading as
the market remains poised to extend its decline off May's high should
Friday's reports come in neutral to bearish. Today's bearish export
sales report does not bode well for the longer-term outlook in bean
oil. If the decline resumes, the 50% retracement level of this
spring's rally at 17.50 is July's next target.
http://www.quotewatch.com/charts/futures/CBOT/SN0-daily.html
http://www.quotewatch.com/charts/futures/CBOT/SMN0-daily.html
http://www.quotewatch.com/charts/futures/CBOT/BON0-daily.html

LIVESTOCK closed lower on Thursday pressured by weaker cash and
product prices. June hogs closed slightly lower but near session
highs as the market attempted to consolidate recent losses amidst a
sharp rebound in bellies. However, lower cash bids and additional
long-liquidation limited to day's rebound as the market is
consolidating above minor support at 71.96. Momentum indicators
remain bearish signaling further losses are possible later this
month. June cattle closed into new lows for the week confirming
Wednesday's trendline breakout. Today's close below April's low at
68.22 sets the stage for a test of March's low at 67.70 in the near
future. Expectations for rising grain prices and declining boxed beef
prices continues to weigh on prices.
http://www.quotewatch.com/charts/futures/CME/LHM0-daily.html
http://www.quotewatch.com/charts/futures/CME/LCM0-daily.html

FOOD & FIBER closed mixed on Thursday. July coffee continues to drift
sideways ahead of the May 19 retention plan meeting. July sugar
closed on spec. buying on ideas world surplus should continue to
shrink due to lower production levels in Brazil and other sugar
producing nations. Profit taking ahead of the close tempered today's
gains. July needs to close above 675 to renew this spring's rally.
July cocoa gapped up and closed higher due to fund short covering.
Today's high is challenging this spring's downtrend line crossing
near 830. Multiple closes above this resistance level are needed to
confirm a bottom and trend change. Momentum indicators are turning
bullish signaling additional gains are possible. I would not be
surprised to see an inside day on Friday as July consolidates some of
today's gains. July cotton posted a potential key reversal down on
Thursday after session highs fell short of testing the 75%
retracement level of this spring's decline at 62.76. Today's
mid-range close leaves the door open for sideways trading on Friday.
Bullish short-term weather forecast for West Texas and the southeast
US will continue to underpin prices. Momentum indicators are bullish
and suggest additional gains are possible.
http://www.quotewatch.com/charts/futures/CSCE/KCN0-daily.html
http://www.quotewatch.com/charts/futures/CSCE/SBN0-daily.html
http://www.quotewatch.com/charts/futures/CSCE/CCN0-daily.html
http://www.quotewatch.com/charts/futures/NYCE/CTN0-daily.html

The ENERGY MARKETS closed higher on Thursday with July heating oil
posting a new contract high today. July crude oil has retraced over
75% of this spring's decline setting the stage for a possible test of
March's high at 30.46 later this spring.
http://www.quotewatch.com/charts/futures/NYMEX/CLM0-daily.html
http://www.quotewatch.com/charts/futures/NYMEX/HOM0-daily.html
http://www.quotewatch.com/charts/futures/NYMEX/HUM0-daily.html

Discuss Commentary -- http://forum.ino.com View Charts --
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INO.com's end-of-day charting software for Futures, Futures
Options and Optionable Stocks. http://www.globalcharts.com

_____________________________________________________________________

<4> T O P   N E W S   S T O R I E S
_____________________________________________________________________

Stocks

    Japan Stocks Review: Nikkei closes at lowest level since Sept. 27
 http://news.ino.com/summary/?id=21142

    Add1: US Equities Review: Broadly higher on tame retail sales data
 http://news.ino.com/summary/?id=21140

    UK Stocks Review: FTSE 100 closes up as rate hike fears recede
 http://news.ino.com/summary/?id=21150

Forex

    US FX Review: Euro/dollar retreats as market tires of ECB vigil
 http://news.ino.com/summary/?id=21144

    Asia FX Review: Yen buckles under weight of Nikkei's losses
 http://news.ino.com/summary/?id=21141

    Europe FX Review: Market choppy; Mr Euro can't save the euro
 http://news.ino.com/summary/?id=21143

Credit

    Add 1: US Credit Review: Bonds flat; weak sales data elicit selling
 http://news.ino.com/summary/?id=21139

    Europe Credit Review: Bonds fall with weak currencies key
 http://news.ino.com/summary/?id=21146

    Japan Credit Review: June surge; cash fall below 1.7% on weak shares
 http://news.ino.com/summary/?id=21149

Commodities

    US Futures Summary: CRB zooms to fresh 2-year high with energy
 http://news.ino.com/summary/?id=21148

    Japan Commodity Summary: Japan's Tokyo, Yokohama agricultural commodities
futures prices
 http://news.ino.com/summary/?id=21145

    CRB Outlook: Starting higher on cocoa, copper
 http://news.ino.com/summary/?id=21147

Exchange News

   LME Memo On Delisting Of Albatros Warehousing BV
               http://news.ino.com/press/index.cgi?release=21099
   LME Memo On Rudolf Wolff Co Ltd Disciplinary Action
               http://news.ino.com/press/index.cgi?release=21098
   NASD Extends Board Member Election Process By 15 Days
               http://news.ino.com/press/index.cgi?release=21097
   Trading Interrupted At Pacific Exchange
               http://news.ino.com/press/index.cgi?release=21096
   PCX To Trade Options On Tollgrade Communications
               http://news.ino.com/press/index.cgi?release=21095
   NYBOT Reports Cocoa Futures Open Interest Record
               http://news.ino.com/press/index.cgi?release=21094
   Paris Exchange To Study Prospects For Wine Futures Contract
               http://news.ino.com/press/index.cgi?release=21093
   CME's Equity Index Contracts Set New Records
               http://news.ino.com/press/index.cgi?release=21092

_____________________________________________________________________

<5> E X T R E M E   F U T U R E S
_____________________________________________________________________

Extreme Futures - updated every 15 minutes during the trading day
at http://quotes.ino.com/analysis/extremefutures.html

Winners

Symbol Description                             Close    Change      %
HOM0   Heating Oil Jun 2000                   0.7750   +0.0403    5.5
NDM0   NASDAQ 100 Index Jun 2000             3390.00   +133.00    4.1
CCK0   Cocoa May 2000                            796       +31    4.0
RLM0   Russell 2000 Index Jun 2000            494.50    +18.05    3.8
CLM0   Crude Oil Jun 2000                      29.10     +1.01    3.6
PNM0   Propane Gas Jun 2000                   0.5050   +0.0150    3.0
XWK0   Wheat May 2000                            278    +7 1/2    2.8
WK0    Wheat May 2000                        268 1/2    +7 1/2    2.8
PBK0   Frozen Pork Bellies May 2000           92.900    +2.550    2.8
HUM0   New York Harbor Gasoline Jun 2000      0.9365   +0.0244    2.7

Losers

Symbol Description                             Close    Change      %
BDK0   Oriented Strand Board May 2000         234.00     -4.00   -1.7
NKU0   Nikkei 225 Stock Avg Sep 2000           17300      -285   -1.6
KCZ0   Coffee "C" Dec 2000                    105.20     -1.40   -1.3
XMM0   Deutsche Mark Jun 2000                 0.4660   -0.0050   -1.1
ECU0   EuroFX Sep 2000                       0.90740  -0.00960   -1.1
PAU0   Palladium Sep 2000                     578.50     -5.50   -0.9
SFU0   Swiss Franc Sep 2000                  0.58500  -0.00500   -0.8
XKZ0   New York Gold Dec 2000                    285      -2.1   -0.7
GCZ0   Gold Dec 2000                             285      -2.1   -0.7
BPM0   British Pound Jun 2000                 1.5034   -0.0094   -0.6

_____________________________________________________________________

<6> E X T R E M E   S T O C K S
_____________________________________________________________________

Extreme Stocks - updated every 15 minutes during the trading day
at http://quotes.ino.com/analysis/extremestocks.html

Winners

Symbol Description                             Close    Change      %
MNTR   Mentor Corp.                           24 3/8  +6 14/32   35.9
GNET   Go2Net Inc.                            45 5/8    +9 5/8   26.7
ALKS   Alkermes, Inc.                             61 +10 14/32   20.6
LCOS   Lycos, Inc.                                54    +8 5/8   19.0
NMSS   NATURAL MICROSYSTEMS CORP                  67   +10 5/8   18.9
IRF    International Rectifier Corp.        44 26/32        +7   18.5
XICO   Xicor, Inc.                           7 15/32   +1 5/32   18.3
IMRS   INFO MANAGEMENT RESOURCES                  19    +2 3/4   16.9
HNCS   HNC Software, Inc.                    45 6/32    +6 1/2   16.8
LE     Land's End, Inc.                           40    +5 3/4   16.8

Losers

Symbol Description                             Close    Change      %
MYL    Mylan Laboratories, Inc.             23 30/32    -7 1/8  -22.9
BSY    British Sky Broadcasting Group PLC        115       -20  -14.8
WDC    Western Digital Corp.                   5 7/8        -1  -14.6
RCOM   RACOM SYS                                  45    -5 1/2  -10.9
CURE   Curative Health Services, Inc.          5 3/8      -5/8  -10.4
CTSC   Cellular Technical Services Co.             9    -29/32   -9.2
WERN   Werner Enterprises, Inc.              16 6/32  -1 18/32   -8.8
COOL   Cyberian Outpost                       5 6/32      -1/2   -8.8
DMRK   Damark International Inc. A           21 6/32  -1 30/32   -8.4
MLG    Musicland Stores Corp.                  7 1/4    -18/32   -7.2

--- FREE FUTURES TRADERS CALENDAR                                 ---

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brenda
please print these
thanks

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 05/27/99 08:51
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  apena@andrews-kurth.com                           05/26/99 06:59 PM

To: Rodney Malcolm/HOU/ECT
cc: Elizabeth Sager/HOU/ECT, Scott Healy/HOU/ECT, Stuart Zisman/HOU/ECT
Subject: Term Sheets for Power Purchase Agreements

Attached are blacklined and clean copies of the revised drafts of the
term sheets for the Power Purchase Agreements for Project Everest. These
drafts incorporate the changes we recently discussed.  Please
call me with any additional changes that need to be made.

Thanks, Hal.
 - 1999FAC.DOC
 - 2000FAC.DOC
 - RED1999.DOC
 - RED2000.DOC


Charlotte,
 Please explain what you are referring to when you state that Article 12.7
was omitted by accident.  My copy of the signed agreement has 12.7.  I am
attaching the proposed Amendment for your review and comments.   I added the
Gas Daily Midpoint Price to  be used as a default index when a index was not
specified and for online transactions.  Please review and let me have your
comments,  if okay, please start the execution process and forward 2 to me
for signature by ENA.


Looks like a full slate; you're off to a great start.
Maureen -- please put times and locations on my calendar as an fyi.

Sarah Palmer@ECT
01/05/2000 02:24 PM
To: Steven J Kean/HOU/EES@EES
cc: Mark Palmer/Corp/Enron@ENRON, Marie Hejka/Corp/Enron@ENRON
Subject: 2000 eSpeak Schedule

Steve:

Attached are the eSpeak events currently scheduled for 2000.  Please review
at your convenience.

Have a great day!

The eThink Team


what are you doing in Denver???

PBRT*2
MC


Wed 12:30 ?


fyi,  please follow up with Jennifer to determine status and what follow up
needs to be done.
---------------------- Forwarded by Scott Neal/HOU/ECT on 10/12/2000 05:44 AM
---------------------------

	From:  Jennifer Fraser                           09/28/2000 10:23 AM

To: Fred Lagrasta/HOU/ECT, Scott Neal/HOU/ECT@ECT, Mark Ziolkowski/HOU/EES@EES
cc:
Subject: State of New Jersey Natural Gas Supply

The state of NJ has an RFP out for 7 months supply beginning Dec 1,2000. The
volumes are as follows
All deliveries to City Gate:
( Total Volume for 7 months -Therms)
FT
NJ Nat Gas: 1,070,845
Elizabethtown; 179,955
PSE&G: 7,592,092
South Jersey:325,842

IT(LDC)
PSEG; 251,814
South Jersey;728,801

The mandatory bid meeting was this morning. I asked the guys in the NJ EES
office to attend. We are meeting tomorrow to discuss this and the rest of the
state's needs (Up to 5 contracts /day). This RFP is very small, but there are
bigger rfp's to come. Furthermore, NJ transit is also bidding ga and  is
considering long-term supplies (5 - 10 yrs) as an alternative to the current
high one year prices. I will keep everyone informed as this progresses.

Thanks
Jennifer


Attached is the new contracts by which Los Angeles Department of Water and Power intends on entering into natural gas purchases and sales.  Is there any hope of getting in on some of this action?  Let me know if you have any questions.

Thanks,

Kim

 -----Original Message-----
From: 	rpetti@ladwp.com@ENRON
Sent:	Thursday, October 25, 2001 12:03 PM
To:	srbateson@duke-energy.com; bondsr@bp.com; kbosley@reliant.com; halbourlon@reliantenergy.com; pabrown@socalgas.com; dacluff@duke-energy.com; duvalma@texaco.com; ffield@energy.twc.com; arcinc@flash.net; fgearyc@gte.net; greg_hood@oxy.com; wwhusse@ppco.com; carla.j.johnson@usa.conoco.com; ejohnsto@utilicorp.com; skatz@sempratrading.com; dkohler@br-inc.com; dkuhn@oneok.com; karl_kurz@anadarko.com; karim.manji@gs.com; pat_mulhern@oxy.com; anjn@dynegy.com; tom.roth@neg.pge.com; csupplee@utilicorp.com; Tholt, Jane M.; robert.turner@elpaso.com; judith.vogel@elpaso.com; Ward, Kim S (Houston); cweyman@astraoil.com; nancy.wojciehowski@williams.com; Sabrina Bienstock
Subject:	LADWP Gas Contract

Dear Potential Gas Supplier

As some of you may know our authority to buy gas off our existing spot agreement
will come to an end on December 31, 2001.  While we will honor current
commitments for gas to be delivered after that date, but we will not be able to
use the spot agreement to buy any more gas.  The reason that this is happening
is that our City Attorney has interpreted the new City Charter as not allowing
delegations of authority such as employed in the way we buy gas now.

We are seeking approval for an ordinance which must be approved by the City
Council that will restore our former ability to buy gas with the kind of
agreement most gas suppliers are familiar.  We have the ordinance approved by
the City Attorney and it will shortly be in the pipeline for approval by our
Board and the City Council, but until then, this contract is a stop gap to keep
us operating.

I've attached the new contract and a cover letter which explains what we are
doing.  The deadline is November 8, 2001 at 4:00 PM.  We will take the executed
contracts to our Board with the counterparties listed on a Board Resolution and,
if it is approved, we will be allowed to buy gas from this group after the new
year begins.  This is not the ideal contract but one we feel our Board will be
comfortable with until we can get around the Charter problem.  I can't make any
changes to this contract.  There is a notice published in the LA Times about the
availability of the contract but I am sending it to you directly as someone we
have already done business with (and undoubtedly have satisfied all our
boilerplate requirements) and will probably be interested in what we are trying
to do here.

I Hope most of you will respond.  Thanks

(See attached file: Spot Gas Cover Letter.doc)(See attached file: New Spot Gas
Contract.doc)

 - Spot Gas Cover Letter.doc
 - New Spot Gas Contract.doc


Start Date: 2/27/01; HourAhead hour: 22;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022722.txt


--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=APEREZ>
To: Arnold, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jarnold>, Parks, Joe </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jparks>, Brawner, Sandra F. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sbrawne>
CC: Bailey, Derek </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dbailey>, Heaney, Gordon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gheaney>, Williams, Jaime </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jwilli2>
Date: Monday, December 3, 2001 8:30:30 GMT
Subject:

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=APEREZ>
To: Arnold, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jarnold>, Parks, Joe </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jparks>
CC: Bailey, Derek </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dbailey>, Heaney, Gordon </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gheaney>, Williams, Jaime </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jwilli2>
Date: Monday, December 3, 2001 8:29:24 GMT
Subject:


Sara,

Looks like one of yours.

Kay

 -----Original Message-----
From: 	Corbet, Nancy
Sent:	Tuesday, January 15, 2002 5:19 PM
To:	Cook, Mary; Tweed, Sheila; Mann, Kay
Cc:	Bushman, Teresa G.
Subject:	Termination of Swaps - Cresendo, Juniper, Cgas, East Sour Lake ( Hanson)

Jesus Melendrez, who is managing the ECR portfolio, has asked that the subject swaps be terminated. None of them is in the money for ENA. I have put together a small file folder for each and Eric Boyt has been asked to provide updated values. These are in l purple folders on my desk should I not be available . I am happy to liase with Jesus but seems to me that one of the swap attorneys who is more conversant with the ISDAs, T&Cs, swaps and ENA's current position re same should weigh in. Basic question is what approval is required to terminate.  The relevant interests are as follows :

Cresendo Energy LLC - 50 % JEDI ll , 50 % Trutta
Juniper - 75 % JEDI ll, 25 % Trutta
CGAS -  100% McGarret
East Sour Lake -100 % Trutta


I have gone through the Version 3 of the ABB agreement that you forwarded. I
have compared it to the other versions and changes I was aware of (the
technical areas only). I have attached a red-lined version with edits. Also,
here are my notes on each of the changes:

Section 5.1 of the Agreement - earlier versions of the Agreement contained
the purchase amount here. As I commented by phone, by my calculation the
total purchase amount for these two units would be $1,713,000.00, or
$856,500.00 each. By my records, the original purchase amount for these units
was $782,000.00. A change was made in November 2000 that increased each unit
by $49,500.00. Another change in December 2000 increased each unit by
$25,000.00. These increase amounts were confirmed by ABB on 11/28/00 and
12/18/00. The Version 3 document eliminates this purchase amount.. However,
sections 6.1.2 and 6.1.3 contain amounts of $78,200.00, 10% on the original
purchase amount of one unit. Should these values be changed?

Exhibit B1:
Section 5.1.2 b) and c) - these are revisions requested by the contractor.
They are reasonable requests if they can be accommodated by ABB. I don not
know if these changes were coordinated directly between the contractor and
ABB.

Section 9.1 - minimum ambient temperature
Minimum ambient temperature should be minus 5 degrees C. This corresponds to
23 degrees F, the design basis temperature. The minus 13.3 degrees C
requested by the contractor is incorrect.

Section 9.5.5 - Surge Arrestor rating
This is a new request from the contractor. It appears acceptable.

Section 10 - Voltage Rating
This is a correction to indicate a voltage of 138,000

Section 10 - Type of Cooling
This is added information on type of cooling (FOA) as provided by ABB in
thier revised data sheets.

The other changes in Sections 9 and 10 correspond to information previously
provided to ABB in conference calls and communications from the contractor.


I suggest the attached language be substituted for the current language in
the schedules in respect of Engineering Report where  a PV/PDP mac is
utilized.  Tana, maybe this could go as an optional insert under Docs to be
Delivered, rather than back in the collateral schedule with the pv/pdp
language, so people won't forget to put it in under required deliveries.
Thanks.  Mary


-----Original Message-----
From: 	Crandall, Sean
Sent:	Friday, December 21, 2001 9:27 AM
To:	Hall, Steve C. (Legal)
Subject:	CRC

On Dec. 21 CRC called and wanted to resume deliveries at the Mid-C (they are delivering to us).  I'm assuming this is OK.  Let me know otherwise.

Sean


Kate, I have forward your request to Samuel Schott in Global Counterparty.
He can be reached at 713-853-9890.  If I can be of further service, please
call me. wlh


Steve - where did we ever get to in terms of responding to the Consul General
about sponsorship?  I came across his name in my files, and just wanted to
make sure that we had done the courtesy of closing the loop/closing this
out.   thanks  mcs


Ava, please change per our conversation.  Thanks Lynn

 -----Original Message-----
From: 	Amy Mulligan
Sent:	Friday, May 25, 2001 3:48 PM
To:	Terry Kowalke
Subject:	Presentation


Tomorrow at the earliest.  I talked to him about it Tuesday.

 -----Original Message-----
From: 	Booth, Chris
Sent:	Monday, November 26, 2001 9:35 AM
To:	Mann, Kay
Subject:	RE: Northwestern

Kay,

When is the payment due and what is the triggers the payment?  Has Dave Duran been advised of the deal?

Chris

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 26, 2001 8:54 AM
To:	Booth, Chris; Vos, Theresa; Jacoby, Ben
Subject:	Northwestern

By my calculation this payment is not due today.  I have advised Northwestern's attorney of this fact.

Dave Duran wants to be advised prior to this money being sent.

Thanks,

Kay


-----Original Message-----
From: Dana Ralston  [mailto:dralston@tombrown.com]
Sent: Monday, November 26, 2001 8:35  AM
To: Alan & Lisa (E-mail); Butch & Lindra (E-mail); Christa  (E-mail); DCamp93268 (E-mail); Don & Shirley Quick (E-mail); Mike Griffith;  Sammy & Lorri Fields (E-mail)
Subject: FW: A  BLESSING

During the next 60 seconds, stop whatever you are  doing, and take this
opportunity. (Literally it is only  1 minute) All you have to do is the
following:
You simply say an "Our Father" for the person that sent you  this message:
Our Father who art in Heaven, Hallowed be Thy Name, Thy Kingdom  Come, Thy
Will be done, on Earth as it is in Heaven.  Give us this day our daily
bread and forgive us our  trespasses as we forgive those who trespass
against us,  and lead us not into temptation but deliver us from evil. For
Thine is the Kingdom and the power and the glory forever and ever,  Amen.
Next, you send this message to everyone you know. In awhile,  more people
will have prayed for you and you would have  obtained a lot of people
praying for others.
Next, stop and think and appreciate God's power in your life,  for doing
what you know is pleasing to him. If you are  not ashamed to do this,
follow the instructions. Jesus  said, "If you are ashamed of me, I will be
ashamed of  you before My Father"
If you are not ashamed, send this message...only if you believe.  "Yes, I
love my God. He is my fountain of Life and My  Savior. He keeps me going day
and night. Without Him, I  am no one. But with Him, I can do everything.
Christ is  my strength." This is a simple test. If you love God and you are
not ashamed of all the great things that He  has done for you, send this to
everyone you know, and  the person who sent it to you. Thanks!!!


Susan and Jaye, why don't I pick you guys up at 5:30 on Saturday then we can swing by and pick up Leesa and go have dinner.  Does that work for you guys?

How about dinner at Mia Bellas?

Mary


Robert,

A contact at Merrick is Ralph Townsend.  He's the manager of engineering over
their oil and gas group.  He's at (303) 751 0741.  As far as the scope of
work is concerned, we could use the exact same wording used in the Forerunner
agreement with the only exception being their scope was limited to just the
House Creek project. Please let me know if you need anything else.  Thanks

Ken

Robert Walker@ECT
07/20/2000 04:23 PM
To: Jeff Gilliam/Corp/Enron@ENRON, Ken Choyce/DEN/ECT@Enron
cc: Gerald Nemec/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT
Subject: Re: Merrick

Jeff and Ken,

I need this information to do the contract.  I have all the information
except a contact name and the work scope.

	Robert Walker
	07/18/2000 09:16 AM

		 To: Ken Choyce/DEN/ECT, Jeff Gilliam
		 cc: Shonnie Daniel/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
		 Subject: Merrick

In order to document the Merrick contract, I need some information.  I need
the legal name of Merrick, the state of incorporation, a physical address,
telephone and fax numbers, scope of work, date work began and a contact name
at Merrick.

If you have any questions, please give me a call.

Thanks,

Bob.


Can either of you verify this?
---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 02/01/2001
10:18 AM ---------------------------

Paul Couvillon@ENRON
01/31/2001 02:45 PM
To: Gary W Lamphier/HOU/ECT@ECT
cc: Janet H Wallis/HOU/ECT@ECT, Joanie H Ngo/HOU/ECT@ECT, Mary
Poorman/NA/Enron@Enron
Subject: Deal # 529159 for December 2000

Gary:

For Company 12 could you please put in a buy-back for Reliant Energy HL&P on
Contract # 96022113 for the volume of 1,286 Mmbtu's on 12/27/2000.  The
pipeline and point are HPL/UTTC-HARDY STREET MIDCON (BI-DIRECTIONAL) and the
scheduler is Mary Poorman @ X-35251.

The pricing should be as follows;
The lower of KATY MID day of flow or day after.

The pricing of KATY MID for 10/27 was $ 10.26
                10/28 was $ 9.63.

The sale counter-part to this purchase should go to deal # 529159.


Paul,

WOW!!!  You do have some news.  Congratulations!  That's amazing how after all these years you marry a Port Neches girl...  Well, I certainly approve of your choice.  Renee was always such a nice and pretty girl and I'm sure that hasn't changed.  Please tell her how happy I am for the two of you.  Doesn't she have one son?  The last time we spoke you two were beginning to date and I believe you mentioned her son.  How long ago was that?  Too long...

Well, guess I'll update you on our family.  Chad is 13 yrs. old (boy, does that make me feel old!!!) and is very into sports.  He's a great kid most of the time but very strong willed.  The combination of strong will and the puberty stage could drive you crazy if you let it...Tom is still practicing international tax law and stays very busy.  He'd like to teach law school one day but that will probably have to wait until Chad finishes college. I am staying at home this year but went back to teaching part-time (high school level)  over the last couple of years.  Decided to take some real estate classes this year and work on my tennis game.  I also volunteer two days a week at his school.  We are living in Highland Park which is in Dallas but are moving to a suburb of Dallas called Southlake soon since our house has sold.  We'd like a bigger lot and Southlake is beautiful, located between Dallas & Fort Worth which is nice. I'll get you my new phone # in a few weeks.
My family is all fine and the only detail I'll bore you with is that my brother, Cory, just married for the third time.  Third time's the charm, right???  We all hope so. Well, let me know more about your life when you have a change to write back.  How are your parents and siblings?  What type of work are you doing?  Where do you live in Houston?  Tell Renee hello and let me here from you...

Dana
----- Original Message -----
From: Paul.Y'Barbo@enron.com
Sent: Tuesday, April 17, 2001 12:25 PM
To: Dana Joyce
Subject: Re: hi!
Dana,
It is very nice to hear from you. You are in Dallas, right? How is your
family?
Well ...  yes I am living in Houston again. I still work for Enron ... I
just returned from a business trip to the Middle East and India ... it was
interesting but too long.
Guess what ... I got married on March 17th. Guess to whom ... Renee Freyou
from Port Neches. Can you believe it!!!
You can call me toll free at my office  1-800-973-6766,  Press 1 to
transfer to an extension, Press 55855 for my extension.
It will be great to talk to you. I hope that you are doing very well.
Paul
"Dana Joyce" <danacjoyce@msn.com> on 04/15/2001 12:17:54 AM
To:   <Paul.Y'Barbo@enron.com>
cc:
Subject:  hi!
Hi Paul.  I received your message earlier this year and accidentally erased
it.  When I called information to get your number, a really young woman
(twenty-something) answered the phone number I was given....  She told me I
had the wrong number but I'm still wondering...  Anyway, hopefully you'll
receive this and reply with your current home number.  Are you still in
Puerto Rico?  You'll have to tell me about your experience there.  Let me
know if you receive this and I'll write back...  Talk to you soon...
Dana


Here you go!


I am pleased to announce that, effective immediately, Gary Smith has accepted
the position of Vice President, Human Resources for Enron Transportation
Services.  Gary assumes the human resources responsibilities from Dave
Schafer who has accepted the position of Vice President, Human Resources for
Enron Corporate Staff.

Gary, most recently, was Vice President, Human Resources for Enron Wind.
Prior to that, Gary was Vice President of Procurement & Supply Management for
Enron,s Gas Pipeline Group.  Gary has 19 years of experience in Enron,s
pipeline business and has held management positions in Human Resources,
Operations and Procurement.

Also effective immediately, the ETS Communications group will join the
Government Affairs group.  This will help coordinate communications with
employees, media, and government officials.  Shelley Corman will assume
responsibility for ETS communications as Vice President, Government Affairs
and Public Relations.  Gina Taylor, Director of Communications, will join
Shelley's group as well as Kimberly Nelson and Alma Martinez.

Please join me in congratulating Dave, Gary, and Shelley on their new
assignments.


Attached for your information are:

1.  The FERC orders regarding the meeting to be held Thursday, November 9.
2.  Annoucement of a hearing in San Diego on November 14.
3.  FERC report on bulk power markets in the Southeast Region
4.  FERC report on bulk power markets in the Midwest Region
5.  FERC report on bulk power markets in Northeast Region

These files will also be made available on the Alliance of Energy Suppliers
web site - http://www.eei.org/alliance

Should you have any questions concerning these reports, contact Jack Cashin
at 202-508-5499, or jcashin@eei.org

Nancy Tarr
Manager, Business Development
ntarr@eei.org

 - FERC 11-14 hearing.pdf
 - nov 9 panels.pdf
 - FERC.Southeast.PDF
 - FERCMidwest.PDF
 - FERCNortheast.PDF


Please write-off the balances held on the contracts listed below. I cannot
find any current information to verify the existence or final resolution of
account balances for the subject contracts.  A review of our billing records
reflects that the contracts have not been invoiced since December 1998.  The
net loss of revenue will be negligible compared to the ill will that would be
generated in attempting to bill these all-but-forgotten, year and a half old
P&R quantities.

The monthly invoicing file now tracks P&R quantities carried over from month
to month. This practice should prevent this problem from occurring in the
future.

Note: There are currently two shippers with P&R balances that have carried
over from previous months. - Reliant PO# 27060 has 1,514 MMBtu parked at POI#
500621 since April 2000  and Sempra  PO# 27255 has 6,000 MMBtu parked at POI#
500615 since June 2000.  We will work with Darrell to get these quantities
returned to these shippers.

Cynthia Rivers
08/11/2000 04:56 PM
To: Richard Hanagriff/ET&S/Enron@ENRON, Debbie Moseley/ET&S/Enron@ENRON
cc: Teresa McOmber/ET&S/Enron, Michael Bodnar/ET&S/Enron@ENRON

Subject: Re: Status of PNR Contracts

Richard, today I gave Mike Bodnar  the PNR contracts listed below to review.
I'll let you know what the "fix" will be once the Storage desk decide what
needs to be done; write-off, bill, or maybe even netting two of the contracts.

Richard Hanagriff
07/31/2000 07:22 PM
To: Cynthia Rivers/ET&S/Enron@ENRON, Teresa McOmber/ET&S/Enron@ENRON
cc: Debbie Moseley/ET&S/Enron@ENRON

Subject: PNR Contracts

Please resolve the old PNR balances below.   E-mail Debbie and myself as to
how the balance was resolved. thanks
---------------------- Forwarded by Richard Hanagriff/ET&S/Enron on
07/31/2000 07:21 PM ---------------------------

Debbie Moseley
07/30/2000 09:41 AM
To: Richard Hanagriff/ET&S/Enron@ENRON
cc:

Subject: PNR Contracts

Richard,

     Please have the market service reps clean up the old PNR contracts that
have outstanding balances.  These balances date back to 1998.

The contracts and volumes are:

Noram              26437             -1
Pancandian   26494          378
Pancandian   26496            18
PNM                 26608     20,000
PNM                 26630    -20,000

Thanks for your help,

Debbie


thanks

To: Brant Reves/HOU/ECT@ECT
cc:
Subject: Re: Exxon credit

I will get this to you tomorrow morning.

	Brant Reves
	02/12/2001 04:04 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Gregory Schockling/Corp/Enron@ENRON
		 Subject: Re: Exxon credit

Gerald,

Anyway we can move this up on your action items?

thanks
brant

Gregory Schockling@ENRON
02/12/2001 03:57 PM
To: Brant Reves/HOU/ECT@ECT
cc:
Subject: Exxon credit

BRant,

I got a call from my contact at Exxon regarding the PG your working on.
Vicki Brown needs the paprework as soon as possible, they only have 2 days of
credit left with us and we're buying some day gas from them.

Let me know the status or if I can help

Thanks

Greg Schockling


To all,

For first and second quarter, the following margin and EBIT was recognized from the Pluto/MEGS project:

1. First Quarter		Margin: $3.027 MM	EBIT: $ 1.328 MM
2. Second Quarter	Margin:	$1.348 MM	EBIT: $   .707 MM

In addition, Duke Energy Field Services (Stephen Noe) has contacted Kevin Miller and is interested in acquiring this asset. DEFS has signed a C.A. and Kevin and Jesus Melendrez are preparing appropriate documents for their valuation.

Although these earning were initially recognized by Production Offshore, with its dissolution, the Pluto/MEGS EBIT currently resides in Upstream Products Executive.

Regards,

Mrha

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, August 29, 2001 11:26 AM
To:	Killen, Faith
Cc:	Mrha, Jean; Josey, Scott
Subject:	MEGS

We have noticed that we are taking earnings on MEGs this year which is probably the wrong thing to do based on the fact that we know that future income is negative we should be using the income to write down the holding or against future income.

Can you reanalyse the bookings this year and ensure we do not book any earnings.

Thanks

Louise


Attached is an executed copy of the Services Agreement for the Independent
director.
---------------------- Forwarded by Trish Lindloff/DA/WGM/US on 11/08/2001
07:10 PM ---------------------------

"Andrew L. Stidd" <astidd@gssnyc.com> on 11/08/2001 06:32:28 PM
cc:
Subject:  RE: GSS Agreement

Trish:

Attached are signed copies of the agreements with the change we spoke
about.

Best regards.

Andy Stidd
Global Securitization Services, LLC
400 West Main Street, Suite 338
Babylon, New York 11702
(Tel.)   631 587 4700 ext. 11
(Fax)  212 302 8767
www.gssnyc.com <http://www.gssnyc.com>

Content-Transfer-Encoding: 7bit
Message-ID: <OFA3ACB3C8.046CB190-ON86256AFF.000187AB@weil.com>
From: trish.lindloff@weil.com
To: "Andrew L. Stidd" <astidd@gssnyc.com>
Subject: RE: GSS Agreement
Date: Thu, 8 Nov 2001 19:17:55 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;  boundary="
----_=_NextPart_002_01C168B6.03639DE2"

Info requested:

NETCO Corp.
1400 Smith Street
Houston, TX 77002
Attention:  Wes Colwell

Thanks,
Trish

"Andrew L. Stidd" <astidd@gssnyc.com> on 11/08/2001 02:32:25 PM
cc:
Subject:  RE: GSS Agreement

Trish:

I apologize.  I did not realize that the file I sent you was password
protected.  Attached is a file you can open.

Best regards.

Andy Stidd
Global Securitization Services, LLC
400 West Main Street, Suite 338
Babylon, New York 11702
(Tel.)   631 587 4700 ext. 11
(Fax)  212 302 8767
www.gssnyc.com <http://www.gssnyc.com>

Content-Transfer-Encoding: 7bit
Message-ID: <OFA26F936C.218709D6-ON86256AFE.00652C2C@weil.com>
From: trish.lindloff@weil.com
To: "Andrew L. Stidd" <astidd@gssnyc.com>
Subject: Re: GSS Agreement
Date: Thu, 8 Nov 2001 13:26:21 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;  boundary="
----_=_NextPart_002_01C16894.7A51644C"

Would you please prepare a form of agreement for ERMT LLC?  We would like
to get both signed up today.  Note that we are changing ERMT LLC's name to
NETCO Holdings LLC.

Thanks,
Trish.

"Andrew L. Stidd" <astidd@gssnyc.com> on 11/07/2001 01:03:03 PM
cc:
Subject:  GSS Agreement

Dear Trish:

Attached is a draft of our Services  Agreement for CGNN Holding Company,
Inc.  If this form is acceptable I will  draft a similar agreement for ERMT
LLC (modified to include the non-economic  member).

The independent director for ERMT LLC will  be Bernard J. Angelo and the
golden shareholder will be GSS Contract Services I,  Inc., a Delaware
corporation.

Please feel free to call me with any  questions or comments that you may
have.

Best regards.

Andy Stidd
Global Securitization Services, LLC
400  West Main Street, Suite 338
Babylon, New York 11702
(Tel.)   631 587 4700 ext. 11
(Fax)  212 302  8767
www.gssnyc.com

(See attached file: GSS Services & Indemnity Agr.doc)

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (214-746-7700), and destroy the original
message. Thank you.

(See attached file: GSS Services & Indemnity Agr.doc)
(See attached file: GSS Services & Indemnity Agr CGNN.doc)

(See attached file: GSS Services & Indemnity Agr.doc)
(See attached file: GSS Services & Indemnity Agr CGNN.doc)
(See attached file: GSS S & I Agreement_CGNN.pdf)
(See attached file: GSS S & I Agreement_NETCO.pdf)

 - GSS Services & Indemnity Agr.doc
 - GSS Services & Indemnity Agr CGNN.doc
 - GSS S & I Agreement_CGNN.pdf
 - GSS S & I Agreement_NETCO.pdf


I'll give you a call.  Man, were you all over NPR or what with that Telco story?  Give my best to Tina.

Best,
Jeff

-----Original Message-----
From: Bob Lane [mailto:lanebob1@yahoo.com]
Sent: Wednesday, September 19, 2001 5:46 PM
To: Dasovich, Jeff
Subject: Re: Need your phone number

Hey Great to hear from you.

I CAN BE REACHED AT 415-713-4473 (this is my cell
phone and you can reach me on it anytime.)

I was just going to call you.  I just left the Yankee
Group and am looking for my next opportunity.  That
gig was just not working out for me and I decided to
move on. Tina and I are now living in Albuquerque NM
and searching for some new opportunities.  I'd love to
get back to California, but am looking elsewhere as
well.

Hope all is well.  Take care.

Give me a ring sometime.

Bob Lane
415-713-4473
--- "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com> wrote:
> Dude:  I need your phone number, pronto!
>
>
>
**********************************************************************
> 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.
>
**********************************************************************

__________________________________________________
Terrorist Attacks on U.S. - How can you help?
Donate cash, emergency relief information
http://dailynews.yahoo.com/fc/US/Emergency_Information/


Can you handle or should Carol?
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/16/2001
09:32 AM ---------------------------
From: Veronica Gonzalez/ENRON@enronXgate on 03/15/2001 04:37 PM
To: Sara Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:
Subject: Perfercting Monies for Canadian Counterparties

The legal counsel at Sempra would like to contact someone in our office
regarding "perfecting monies" for Canadian counterparties when posting
collateral.  Who should I have him call?

Please advise.

Veronica Gonzalez
Credit Analyst
ext 3-0511


Looks a lot like ski time!!

----- Original Message -----
From: <Eric.Bass@enron.com>
To: <daphneco64@bigplanet.com>; <lwbthemarine@bigplanet.com>;
<Jason.Bass2@COMPAQ.com>; <shusser@enron.com>
Sent: Tuesday, November 07, 2000 9:47 AM
Subject: Check it out!

> http://www.rsn.com/pages/include/cams/campic.html?rsn_resort=telluride
>


Sounds fine to me.

Kay

From: Catherine Clark/ENRON@enronXgate on 01/23/2001 11:14 AM
To: Kay Mann/Corp/Enron@Enron
cc: Lisa Bills/ENRON@enronXgate

Subject: Meeting between EE&CC and ENA

Kay,
Lisa asked me to see if you would represent ENA Legal at the meeting between
EE&CC and ENA on Monday, Jan 29th.  Having worked at both companies, you
would add a lot of insight to the crafting of a "new project development
process".  The agenda is for Ozzie, Mike Coleman, Lisa and you to give brief
presentations (5-10 minutes each) on the project development process, with
recommendations on changes to be made.  You've already seen the notes, but
I'm attaching an updated version.

Please let me know if you will be available and if you want to change any
discussion bullets and/or recommendations.  The most recent message had the
meeting taking place on Monday, January 29th from 11:30 am to 1:30 pm (with
lunch provided).  Megan will let everyone know which room will be reserved.
There is also a pre-meeting tomorrow (Wed) at 10:30 am in EB 2868 (it should
only last 30 minutes).  Thank you in advance for your help.
-Catherine
x3-9943


Dear NYISO Market Participants:

Please review the attached message regarding FERC approval of the NYISO
Virtual Bidding Proposal.

For addtional information, please contact your NYISO Customer Relations
Representative or Customer Relations HelpDesk.

(See attached file: FERC APPROVES VIRTUAL BIDDING.doc)

Regards,

NYISO Customer Relations
518-356-6060

 - FERC APPROVES VIRTUAL BIDDING.doc


Hi Jeff,

I changed my 'out of town' plans and will be making it to the case review
session this weekend.
see you on Saturday!!  ps. is your office easily accessible via bart?

- Kelly

Also, here's fyi some of the questions that I came up with when going over
the case...
1. Problem #1 and #2: When calculating incremental cost do we include fixed
costs (i.e. $10,000 for tooling plastic rings) and do we include sunk costs
materials for the steel inventory?  In addition, do we need to break out the
overhead into fixed and variable and include only the variable portion in
the calculation of incremental cost?

2. Problem #3: What are we supposed to be comparing to calculate
differential cost of the 25,450 steel rings?

3. Problem #4: What time period should we include in calculating profit?  Is
it enough to look strictly at present time (per unit costs)? Or should we
look at profit over for example 5 years (from looking at the replacement
rate of plastic rings)?

4. Problem #5: Once we calculate problems #1 - #3, do we assume that
Burggeman is the only plastic ring producer?  And should we look at customer
desire to reduce their costs by buying plastic over steel rings because of
the difference in usable life?

--- Jeff_Dasovich@enron.com wrote:
>
> Ok, looks like the Orbit Room can't handle the size of our group so there's
> been a proposed change of venue for Saturday's meeting.  If anyone has
> alternative suggestions, feel free to propose.
>
>    Accounting discussion 10AM-11AM  (for Tues/Thurs folks)
>    Marketing discussion 11AM-Noon (for all)
>
>    Meet at my office.
>
> 101 California Street (one block from the cable car turnaround)
> Suite 1950
>
> Enter at the California Street entrance
> Buzz at the door; guard will let you in
> Guard will know to enable elevator to get you to the 19th floor
> I'll keep the door to the office ajar so that folks can enter easily once
> on 19th floor
>
> Sound reasonable?  Did I miss anything.
>
>
__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com


Louise - These are excerpts from the most recent version of the PPM I thought
you might want to see.  The document itself is attached.  It strikes me that
there are some remaining inaccuracies here but I don't know how strongly you
feel about them.

PPM Page 12
The unique technology behind EnronOnline is primarily based on the
proprietary price manager software that Enron has developed to allow
real-time price updates to be displayed.  The price manager is a system that
allows traders to manipulate the prices displayed based on activity on the
site and in the marketplace.  The system can be set up to increase or
decrease posted bid/offers by a certain dollar amount in response to market
movement or to a sale or purchase of a specific product.  The system also has
capability to link several products and adjust prices with the movement of
any other product.  Traders continually monitor these movements and can
override or change a price at any time and the site will be automatically
updated, thereby providing a liquid market at all times for the customers.
Finally, the system is also capable of customizing some trades by combining
the appropriate underlying transactions.

PPM Page 22
Louise Kitchen
Managing Director - EnronOnline
ENW
Louise Kitchen is President and COO of EnronOnline and has managed the
business since the initiation of the project in November 1999.  Louise was
responsible for the development and launch of EnronOnline and remains
responsible for the ongoing operation of the business.  Louise ran Enron,s
retail operation in the U.K. from 1997 to 1999, where she introduced
electricity sales as an incremental offering to natural gas, which led to a
ten-fold increase in the customer base.  She joined Enron in the spring of
1994, with responsibility for building a gas trading business for Enron in
Europe.  Prior to joining Enron, Louise was employed by PowerGen, where she
worked in electricity trading before taking responsibility for PowerGen,s gas
trading activities.  Louise received her Bachelor of Arts in Economics and
French at Kingston University.

PPM Page 25

The EnronOnline system is capable of handling over 3,000 price changes each
minute, which is necessary to keep up with a volatile marketplace and to keep
the best price available at all times.  Also built into this system are
checks and balances from risk control policies that monitor all positions and
manage risk.

[and very similar to the excerpt from page 12 above]
The unique technology behind EnronOnline is primarily based on the
proprietary price manager software that Enron has developed to allow
real-time price updates to be displayed.  The price manager is a system that
allows traders to manipulate the prices displayed based on activity on the
site and in the marketplace.  The system can be set up to increase or
decrease posted bid/offers by a certain dollar amount in response to market
movement or to a sale or purchase of a specific product.  The system also has
capability to link several products and adjust prices with the movement of
any other product.  Traders continually monitor these movements and can
override or change a price at any time.  The site is automatically updated,
thereby providing a liquid market at all times for the customers.  Finally,
the system is also capable of customizing some trades by combining the
appropriate underlying transactions to satisfy the request of the purchaser.


I agree with Eds comments....also, we are getting closer to when changes
which may be included with V1.5 need to be locked down and these change
controls are associated with requirements approved by the market
participants.

Dave
Entergy
504 576 2571

-----Original Message-----
From: Skiba, Edward
Sent: Tuesday, February 05, 2002 6:44 PM
To: careed@aep.com
Cc: Odle, David; 1 Standard Electronic Transactions
Subject: Re: Change Control Conference Call 2/8/02

Carey,

We have 7 change controls to review this week and 10 questions to address.
If we wait until next week, I'd be concerned we will not have enough time
to get through two weeks worth of changes and questions in a one hour
meeting.

Regards,

Ed

edskiba@us.ibm.com
770-513-7935 (Atlanta)
504-576-5246 (New Orleans)
678-471-8305 (cel)
Fax:       770-277-9130

careed@aep.com on 02/05/2002 07:30:46 PM

To:    "Odle, David" <DOdle@ercot.com>
cc:    "1 Standard Electronic Transactions" <set@ercot.com>
Subject:    Re: Change Control Conference Call 2/8/02

Susan, I have not had a chance  to look at what we have for this week, but
unless we have something that is pressing, I recommend that we postpone the
call until next week.

Cary Reed
Sr Business Standards Consultant
918 594 4026 audinet 700-4026

      "Odle, David"
      <DOdle@ercot.com>                   To:        "1 Standard
                                  dElectronic Transactions"
      02/05/02 05:59 PM           <set@ercot.com>
                                          cc:
                                          Subject:        Change Control
                                  Conference Call 2/8/02

Due to a family emergency, I will not be able to facilitate the Change
Control Conference Call this Friday, 2/8/02.

We have two options:
1. Cancel the call until next week.
2. Someone else facilitate...  if you choose this option, I will rely on
Kyle Patricks excellent notes to get the logs and everything
updated.

The log will be a week delayed in getting updated, however, I will make
this a priority when I return next week.
I will be available by Cell Phone.

Thank You,
Dave Odle

Dave Odle
Retail Transaction Lead
ERCOT The Texas Connection
(512) 248-3948
(512) 567-2329 Mobile
dodle@ercot.com


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/22/2001 10:26
AM ---------------------------

kathleen.carnahan@enron.com on 02/22/2001 10:23:42 AM
Please respond to kathleen.carnahan@enron.com
To: kay.mann@enron.com
cc:

Subject: Individual.com - News From a Friend!

INDIVIDUAL.COM

Here's an article recommended by: Kathleen Carnahan
and it comes to you via Individual.com, Inc.

The following message was attached:
There is a reference to a name change.  Perhaps "JoeCo"?

HERE IS THE STORY WE WERE REQUESTED TO SEND YOU

This story appeared on http://www.individual.com February 22, 2001
_________________________________________________________

FilmWorld, Inc. Subsidiary SulphCo. Announces Joseph Sutton Retired Vice
Chairman of Enron Corp., to the Board of Directors

RENO, Feb. 21 /PRNewswire/  via NewsEdge Corporation  -
FilmWorld, Inc.'s (OTC Bulletin Board: FWLD)
wholly owned subsidiary SulphCo. announced the Board of Directors appointment
of Joseph Sutton, recently retired as Vice Chairman of Enron Corp. one of the
world's leading energy and communications companies based in Houston, Texas,
which owns or controls approximately $60 billion in energy and communication
assets; produces electricity and natural gas; develops, constructs and
operates energy facilities worldwide; delivers physical commodities, financial
and risk management services to customers around the world; and is developing
a leading broadband services business.

Joseph Sutton as a member of the Office of the Chairman of Enron Corp. was
responsible for oversight of Enron's retail business, Enron's full range
international business, Enron Construction and Engineering Company, all of
Enron's North America pipelines, Enron's Global E&P Business, Enron's
Investment Partners, Enron Wind Company and a large portion of Enron's
Wholesale Energy business.  During his time as Vice Chairman, Enron formed its
new Broadband Services business and introduced Enron Online.

His career began at Enron as Vice President of project development.  After
working on many successful development opportunities for Enron, he was
promoted to Principal and then Managing Director for Enron Development Corp.
He was the development leader on the Dabhol Power Project in India.  Mr.
Sutton was appointed President and Chief Operating Officer of Enron
Development Corp. in 1995.  With the consolidation of Enron's International
activities into a single business unit in 1996, he was named President and COO
of Enron International.  May 1998, he was named President and CEO, and named
Chairman and CEO, in March 1999 of Enron International, which was responsible
for all of Enron's International business activities, finance, capital and
trade activity, operating assets, telecommunication activities and joint
venture management throughout developing markets worldwide.  During his time
with the International sector in Enron, the company enjoyed tremendous growth
internationally.  Mr. Sutton now owns and heads Sutton Ventures Group, LLC in
Houston, Texas.

Prior to joining Enron, Joseph Sutton was a career officer in the U.S.
Army and holds a B.B.A., M.S, and M.B.A. degrees from Ohio, Indiana and Long
Island Universities.  He currently serves on the US-India Business Council,
EXIM Advisory Committee, and served on several Enron affiliate boards of
directors throughout the world.

SulphCo. is a wholly owned subsidiary of FilmWorld, Inc.  SulphCo.'s
principal product is a self-contained petroleum desulfurization unit that
removes sulfur from crude oils, lighter distillates and fuel oils.  SulphCo.
is marketing its products and technology domestically and internationally to
petroleum refiners, crude oil products, fuel distributors and other strategic
partners.  The corporate name will be changed at the next annual meeting of
stockholders to reflect accurately the corporation's business.  The company is
based in Reno, Nevada and is traded on the Nasdaq exchange under the symbol
(FWLD).

From time to time the company may issue forward-looking statements which
involve risks and uncertainties.  This statement may contain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Actual results could differ and any forward-looking statements should be
considered accordingly.

For more information contact Public Relations, Eleanor Muth at
1-866-590-1311

FilmWorld Inc. web Site: http://www.sulphco.com

SOURCE  FilmWorld,Inc.

CONTACT:  Public Relations, Eleanor Muth, for FilmWorld Inc.,
866-590-1311
Web site:  http://www.sulphco.com
(FWLD)

_________________________________________________________

Individual.com is the #1 provider of free, individualized news
and information to business people over the Internet.  Visit us at
http://www.individual.com to browse the largest free collection of business,
financial, industry, trade, and company-specific news and information
on the web.

This news story was sent by Kathleen Carnahan through Individual.com.
You will not receive email messages directly from Individual.com
unless you register at http://www.individual.com.

Get more headlines and stories like this delivered FREE to your
desktop every business morning! Register at
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Entire contents Copyright , 1999-2000, Individual.comv, Inc.,
8 New England Executive Park, Burlington, MA, 01803, USA


Mark Duffey has invited you to "YPO Houston Chapter - Executive Breakfast".

Note from Mark Duffey:
This invitation has also been sent to you via hard copy and blast e-mail (to you and your assistant), as we want your rsvp options to be wide open!

Click below to visit Evite for more information about the event and also to RSVP.
http://houston.evite.citysearch.com/r?iid=NBMVASDENDODUQTMZUAZ

This invitation was sent to you by Mark Duffey using Evite. To remove yourself
from this guest list please contact us at support@evite.citysearch.com

This Evite Invite is covered by Evite's privacy policy*.
To view this privacy policy, click here:
http://houston.evite.citysearch.com/privacy

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

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HAVING TROUBLE?
Perhaps your email program doesn't recognize the Web address as an active
link. To view your invitation, copy the entire URL and paste it into your browser.

If you would like further assistance, please send
email to support@evite.citysearch.com

* Updated 03/15/01.


Gerald,
As per my phone message.

Nice to be working with you again.

Greg B.
---------------------- Forwarded by Greg Brazaitis/HOU/ECT on 05/09/2001
03:50 PM ---------------------------
From: Greg Brazaitis on 05/07/2001 04:32 PM
To: Eric Gillaspie/HOU/ECT@ECT
cc:
Subject: Brazos Valley Project, L.P.; Comments on the Draft Interconnect
Agreement

Eric,
I received the following request for changes from Avista Steag through Pace
Global for the Brazos Valley Project Interconnection Agreement.  Please
review and comment:

Item 2.   Engineering, Design and Construction:
In the fourth line, after the words " ...sound and prudent natural gas....",
add the phrase "and with sound and prudent natural gas pipeline" industry
practice'  .

Item 5ii. Quality Specification and Measurement:
In the second line, after the words "...to the Standards.", add the phrase
"and with sound and prudent natural gas pipeline industry practice".

Item 9.  Term.
Delete the paragraph on term and add the following:  "This Agreement shall be
effective as of thes date herein writtten above and shall remain in full
force and effect for a primary term of twenty years ("Primary Term"), and
shall continue in full force and effect thereafter so long as there is an
agreement in effect that provides for the delivery or receipt of gas by or
for HPL or its affiliate(s) or designee(s) at or through the Delivery Point
("Transportation Agreement"); provided, that after the Primary Term of this
Agreement, upon the expiration or termination of any such Transportation
Agreement, either Party may terminate this Agreement upon 60 days prior
written notice to the other Party.


98-1052 (del. meter) has flow for 11/10/99 and 11/11/99.  Maxey Walters
(field guy) informed me that he rec'd a call from our Mktg. people asking him
to flow gas these two days due to problems ocurring at Phillips on these two
days.  Can you please look into this for me and see if you can provide me
with a K# to assess this business to?  Thanks.

98-6614 (rec. meter) has flow for every day this month but no K.  Last month
it was on the 215K, Sitara #93035.  The start date on this deal is 7/1/99 and
the stop date is 11/30/99.  Sitara #130917's start and stop date is 10/1/99
and 1/31/00 but the expected vols for 12/99 are "0".  Can you look into this
and tell me is the expected vols. for 12/99 should be different?

Thanks again.

-Jackie-
3-9497


Start Date: 4/28/01; HourAhead hour: 18;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042818.txt


Section 6.4 of Tenaska IV's gas transportation agreement with Lone Star requires the shipper to pay transporter $1,040,000 in transportation fees and/or deficienty payments from the initial delivery date through December 31, 2003.  Do we know what the payments to Lone Star have been to date?  If not, can we find out by contacting Lone Star?

RH


October 17, 2001

Mr. Michael Taylor, Greetings from eSource:

Pursuant to your request for Trinity Consultants Information, please see the results of our research.  Should you have any further questions, or additional tasking, please do not hesitate to contact us.

Thank you for using eSource <http://esource.enron.com/>.  We look forward to assisting you in the future.

Regards,
Stephanie W. Jett
eSource Researcher
(713) 345-7056


Hi Rosalee:
Steve Kean asked that I send you this note for transmittal to Ken Lay.  Mr.
Lay may receive a call from David Freeman regarding on-going power
negotiations between the California Department of Water and Enron, but it is
not certain that he will call.  In the event that he does phone, we would
like to make sure that Mr. Lay gets this information prior returning the
call.  Thanks very much for your help.

All the best,
Jeff

Mr. Lay:

As you know we've been working very hard with David Freeman trying to hammer
out a power deal with CDWR.  The big issue getting in the way of the deal
continues to be credit. I've attached the summary of the credit issues and
possible solutions to the problem that was included in the email to Senator
Brulte last week.  As part of the ongoing efforts to resolve the credit
issues, Chris Calger of the Portland office sent a letter to David Freeman
yesterday.  That letter is also attached.  In sum, the letter:

expresses our commitment to continue working together to resolve the credit
issues,and,
requests payment for power previously delivered to CDWR and pre-payment for
any new deliveries.

In response, David Freeman phoned Chris Calger expressing dissappointment
that 1) we had yet to sign a power deal with DWR, despite your meeting with
Dave Freeman and Mike Peevey a couple of weeks ago, and 2) we would make a
power deal contingent upon a) payment for power previously delivered to DWR
and b) pre-payment for any future deliveries.  Freeman suggested that we
could sign the deal for 200 MWs of power now, but then back out of the deal
if CDWR fails to get adequate credit provisions in place within the next few
weeks.  Given the political climate in California, we are of course not
anxious to sign a deal today that carries significant credit risk and
announce later that we are backing out of the deal, since doing so would
place the Company in a very uncomfortable political position.  Instead, we
continue to suggest that it's best for all parties to have the credit issues
resolved up front.

You may receive a call from David Freeman seeking to discuss these issues
further.  As you know, the credit issues are significant and we are working
hard to overcome those issues.  But in the current climate, where the
Governor and the Legislature are actively discussing a complete takeover of
the electric industry in California, getting the contract issues right is
critical.

Regards,
Jeff Dasovich

SUMMARY OF CREDIT ISSUES FROM BRULTE EMAIL

Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

LETTER FROM CHRIS CALGER TO DAVID FREEMAN

February 19, 2001

S. David Freeman, Advisor to the Governor
California Department of Water Resources
1416 ) 9th Street
Sacramento, California 95814

FAX# (213) 897-9560

 Re: Proposed Short-Term CAISO Firm Energy Sale

Dear Mr. Freeman,

As we described in our Response to Notice and Invitation to Bid dated
February 6, 2001, Enron Power Marketing Inc. (&EPMI8) and its affiliates are
prepared to provide California Department of Water Resources (&CDWR8) various
power and power-related products.  At this time, however, EPMI and CDWR are
not in agreement with respect to the form of contract and the credit support
required to enter into long-term transactions.  In response to your request
of February 14, 2001, EPMI proposes that CDWR consider a short-term firm
energy transaction.

EPMI is prepared to offer to CDWR CAISO Firm Energy under the attached EEI
Agreement and Confirmation Letter subject to (i) the payment in full by CDWR
to EPMI on or before February 21, 2001 for deliveries of power already made
by EPMI to CDWR; (ii) confirmation that CDWR will pay EPMI in full for the
new power deliveries according to the schedule described in the attached
Confirmation Letter; and (iii) CDWR will in good faith consider the following
proposals described in our Response To Notice and Invitation to Bid dated
February 6, 2001:

a) Unit Contingent Power supply from Pastoria Energy Facility
b) Firm Power Supply from Market Sources
c) Hourly Demand Response Program

The amounts due from CDWR to EPMI are described below:

DATE  DESCRIPTION   NET SALES
JAN  CDWR    $578,870.00
JAN  CDWR    $4,913,100.00
FEB  CERS    $6,014,000.00
FEB1-17 Block Forward    $2,502,000.00
    Total:  $14,007,970.00

The above amount can be wire transferred to:

BNK:  Bank of America
  For: Enron Power Marketing, Inc.
ABA:  Routing # 111000012
ACCT:  #375 046 9312
Confirmation: Enron Power Marketing, Inc.
  Credit and Collections
  (713) 853-5667

If we find that payment has been made, we will be able to offer a firm price,
and if we are in agreement at that time, we will sign and forward the
attached documents.  On Friday, February 16, 2001, the price for the power
described in the attached Confirmation Letter was $270 per MWh.  The price is
subject to change based on market conditions and will need to be revised and
confirmed prior to execution of the attached Confirmation Letter.

EPMI is available to discuss this proposal at your convenience and we will be
available on Tuesday, February 20, 2001 to discuss the amounts payable
described above.   We are prepared to continue working with you and your team
to establish a Master Agreement with sufficient credit support to enable us
to enter into other agreements that best meet your power purchase needs.   I
can be reached at (503) 464-3735.

Yours Truly,

ENRON POWER MARKETING, INC.

Christopher F. Calger
Managing Director


Attached  are two files that illustrate the following:

As prices rose, supply increased and demand decreased.  Now prices are
beginning to fall in response these market responses.


Notice No. 00-392
November 17, 2000

TO: ALL NYMEX AND COMEX DIVISION MEMBERS

FROM: Neal L. Wolkoff, Executive Vice President

DATE:  November 17, 2000

RE:  Notice of CFTC Approval of Amendments to NYMEX Rule 3.47 ("Audit
Committee")
____________________________________________________________________

Please be advised that the CFTC has approved amendments to NYMEX Rule 3.47
("Audit Committee"), which are shown below and are now in effect.  The
amendments add an additional Public Director and expand the duties of the
Audit Committee to encompass consideration of the information to be included
in NYMEX filings to the SEC.

If you have any questions, please contact Michael Lugo, Vice President of
Internal Auditing, at  (212) 299-2268.

APPROVED AMENDMENTS TO NYMEX RULE 6.40A

(An asterisk indicates deletions; parentheses indicate deletions.)

Rule 3.47 AUDIT COMMITTEE

(A) The Audit Committee shall be a regular committee and shall consist of the
Chairman of the Board and *two*(three) Public Directors appointed by the
Board.  One of the Public Directors shall serve as Chairman of the Committee
(B) The Audit Committee shall:
(i) *on* (On) an annual basis:
(a) make a recommendation to the Board of Directors regarding selection,
retention and discharge of independent auditors for the ensuing year; and
(b) *(b)* review the scope and general extent of the independent auditors,
examination, the significant audit procedures which will be utilized, and
fees charged for their services.
((ii) Review the audited financial statements and discuss them with
management and the independent auditors. These discussions shall include, but
not be limited to, the matters required to be disclosed under Statement of
Auditing Standards No. 61 (established by the Auditing Standards Board) and
consideration of the quality of the Exchange,s accounting principles as
applied in its financial reporting, including a review of sensitive
accounting estimates, reserves and accruals, judgement areas, audit
adjustments (whether or not recorded), and other such inquires as the
Committee or the independent auditors shall deem appropriate.  Based on such
review, the Committee shall make its recommendation to the Board as to the
inclusion of the Exchange,s audited financial statements in the Exchange,s
Annual Report on Form 10-K.
(iii) Discuss with representatives of management and the independent auditors:
(a) the interim financial information contained in the Exchange,s
Quarterly Report on Form 10-Q prior to its filing; and
(b) the results of the review by the independent auditors.)
(iv) *(ii) on* (On) a monthly basis, or at such times as the Committee shall
determine, but not less than twice each year, meet with the independent
auditors, President, Senior Vice President of Finance, *Director* (Vice
President) of Internal Audit and other personnel as the Committee deems
appropriate to review:
(a) the scope of the audit plan;
(b) the Exchange,s financial statements;
(c) the results of external and internal audits;
(d) the effectiveness of the Exchange,s system of internal controls;
(e) any limitations imposed by Exchange personnel on the independent
auditors; and
(f) such other matters as the Committee shall deem appropriate upon advising
the Executive Committee.
((v)) * review *(Review) the internal audit function of the Exchange,
including proposed audit programs for the coming year, the coordination of
such a programs with the independent auditors, the extent to which
recommendations made by the internal auditors or by the independent auditors
have been implemented, and management,s response to the recommendations of
the independent *auditors;* (auditors.)
(vi) *(iv)review,* (Review,)  at its discretion, compliance with codes of
conduct established the * Exchange;*(Exchange.)
((vii)) * consult* (Consult) with the independent auditors, and when
appropriate the * Director*  (Vice President) of Internal Audit, out of the
presence of management.
 * establish * ((viii)Establish) direct communication between the auditors
and the * Board; * (Board)
((ix))* initiate* (Initiate,) at its discretion, investigations within the
parameters of foregoing responsibilities, and for that purpose with the
approval of the Board, retain outside legal counsel, independent auditors, or
any other such experts as if may deem   *appropriate; and* (appropriate.)
((x))  * report* (Report) to the entire Board at such time as the (Committee
determines,) but not less than twice a year on the activities described in
this Rule.

__________________________________________________
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IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Saturday, December  08, 2001 thru Monday, December  10, 2001
                                                                                (Trade Date of Friday, December  07, 2001)
Click here to access index history


Susan:  You were going to verify whether the ABN AMRO futures agreement
should be executed by Enron Australia Finance Pty. Ltd. (or ENA with Shane
acting pursuant to the Services Agreement).  Please let me know so that
either David or I can move forward on the futures agreement.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/18/2000
04:46 PM ---------------------------

Shari Stack
04/18/2000 09:11 AM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Revised Australian Services Agreement

FYI  .. . . .
---------------------- Forwarded by Shari Stack/HOU/ECT on 04/18/2000 10:08
AM ---------------------------

David Minns@ENRON_DEVELOPMENT
04/18/2000 12:22 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shari Stack@ECT
Subject: Re: Revised Australian Services Agreement

I've checked my notes and spoken to Heidi and it appears the delay was
settling the mark up (107.5%) in the Agreement. Heidi believes that this
figure can be reduced to 100% (which is current practice). If everyone is
agreeable I will arrange execution.

David Minns
04/18/2000 02:35 PM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Revised Australian Services Agreement

Susan this is the latest version of the Services re ENA/EAPL. There is a note
on my file that the percentage uplift.

Shari Stack@ECT
09/18/99 06:32 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Alan Aronowitz@ECT, Gary Hickerson@ECT, Harry Arora@ECT, Colin
Jackson@ECT, Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barbara Lewis/HOU/ECT@ECT

Subject: Revised Australian Services Agreement

Attached please find my mark-up of the Australian Services Agreement. I have
attached a blacklined version for ease of reference.

Apart from changing the name from ECT to ENA, I have modified clause 1 in
Schedule 1 to more accurately reflect the intended products.

Please call me if any questions.

Many thanks,

Shari

---------------------- Forwarded by Shari Stack/HOU/ECT on 09/17/99 02:25 PM
---------------------------

Susan Musch@ENRON_DEVELOPMENT
09/15/99 07:30 PM
To: Shari Stack@ENRON_DEVELOPMENT, Alan Aronowitz@ECT, Gary Hickerson@ECT,
Harry Arora@ECT, Colin Jackson@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Draft of Australian Services Agreement

Attached is a draft of the services agreement for the financial trading
services to be provided by the Australian trading office for ECT-Houston.
Please review the agreement and let me know if you have any questions,
comments or revisions.

Best regards,
Susan


---------------- AEP Energy Services AEP Energy Services, a top five Natural Gas Trader is looking to expand gas operations in our Houston, Texas and Columbus, Ohio Offices. AEP Energy Services, Inc. is a national energy company engaged in the marketing and trading of energy commodities and related services. Specifically, the company analyzes and projects current and future market clearing prices for various energy commodities; trades energy commodities and associated financial instruments in both regional and national energy markets; and, markets energy supplies and related services to both the wholesale and large industrial segments of the energy market. AEP Energy Services, Inc. is a wholly owned subsidiary of American Electric Power (AEP), one of the nation's largest investor owned utilities. Current opportunities include: Commercial Gas Traders / Gas Controllers Marketers Mid-Office / Risk Natural Gas Liquids Traders, Management Crude Oil Traders I.T. Gas Infrastructure Support Business Development Professionals Weather Derivatives Gas Accountants Gas Operations / Logistics Financial Accountants Professionals who have an interest in any of these areas listed should submit a resume to: AEP Employment Center / S.A.M. 1 Riverside Plaza Columbus, Ohio 43215 Email: recruitersam@AEP.com Equal Opportunity Employer


517384 - price has been changed to $260
517891 - mike's book shows Palo delivery - desk was wrong - has been changed
to LTNW
517884 - price has been changed to $300
517876/877 - missing Amerex deals were under wrong desk (STCA) - have been
changed to LTNW

Also, I entered many of Mike's deals today, but in my rush forgot to re-set
my Deal Blotter defaults - so the deals went in under Short Term California
instead of Long Term Northwest. I've changed them all to the correct desk,
which should clear up the missing deals, and hopefully will make more sense
for your checkouts. Sorry about the confusion - entering deals for three
different desks at once gets a little hectic!

Let me know if you have questions.

Kate

Evelyn Metoyer@ENRON
02/08/2001 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/8/01 Errors

Mike Swerzbin
deal 517384
Prebon shows price as $260.......Enpower has $250

Mike Swerzbin
deal 517891
Amerex shows delivery as SP-15...Enpower has PV

Mike Swerzbin
deal 517884
Amerex shows price as $300...Enpower has $200

 Mike Swerzbin
I am missing the following deal per Amerex:
Buys from EES Q2'01 Mid-C 25 mw at $313 peak hrs.


Everything has been somewhat confusing recently and I made a hasty decision to put you reporting through Legal (decision prompted by the community relations comment) - there will a dotted line into the desks.

I hope you are happy with this if not we can unwind but following many conversastions with them over the last few weeks - it really has been Lou Eber dealing with all the reg issues.

I really believe that putting Reg in the legal area is the best choice to ensure your group doesn't fall down any cracks as it doesn't have a direct equivalent in  UBS.

Did you get your contract?

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


Don/Juan:

Dennis is very interested in opportunities on your desk.  He is open to working the evening shift.  Please advise of your interest.

Thanks,
Johnny

 -----Original Message-----
From: 	Brown, Dennis
Sent:	Friday, August 03, 2001 10:56 AM
To:	Palmer, Johnny
Subject:	Power trading .....

Johnny

We met briefly in derivatives training.  I currently work in large bundled structuring providing a due diligence function.  I am customer interfacing and give assurance on data that I collect and distribute to the various groups that determine the structure, execute pricing, and even set-up invoicing.  I have a strong energy knowledge and excellent customer service background.

I would very much like to discuss opportunities!

Dennis Brown
ext 55050


Unfortunately I do not have a phone right now so I will have to call as soon
as they get me up and running.  I went ahead and sent out the dates we have
on schedule currently with the intention that if we get new dates they will
be announced in the team meeting on Thursday.    Hope that is okay.  I needed
to get a message out to participant soon so we don't get in a bind in a
couple of weeks.

Kristin

Vince J Kaminski@ECT
08/28/2000 11:02 AM
To: Kristin Gandy/NA/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Carnegie Mellon Team Meeting

Kristin,

What about the visit to the campus on Nov. 3?

Any resolution?

Vince

Kristin Gandy@ENRON
08/28/2000 10:03 AM
To: Vince J Kaminski/HOU/ECT@ECT, Kent Densley/Corp/Enron@Enron, Dorothy
McCoppin/FGT/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Andre
Beskrowni/Enron Communications@Enron Communications, Gaurav
Babbar/HOU/ECT@ECT, John Walt/Corp/Enron@ENRON, John B Gordon/NA/Enron@Enron,
Dave Cummings/ENRON@Gateway
cc: Judy Nyegaard/HOU/ECT@ECT
Subject: Carnegie Mellon Team Meeting

Greetings, Carnegie Mellon Recruiting Team!

Each of you has been chosen to represent Enron for our Fall 2000 recruiting
efforts at Carnegie Mellon University.  As part of the team, you will be
challenged with choosing the best candidates from Carnegie Mellon's Graduate
School to join our Associate Program.

Our first campus event will be on September 15 and interviews will be held on
campus December 11 and 12.  I hope you are all able to participate in the
exciting process of recruiting young talent.

We will be more formally organising ourselves in the next couple of weeks.
Currently, we are planning to have a brief team meeting in order to make
introductions, inform you about the Associate Program, and discuss the fall
recruiting calendar.  To that end, please contact me with any questions or
comments you may have.

The team meeting date is set for August 31st at 10am in room 19C2.

Please RSVP to me as soon as possible.

I look forward to meeting you all soon.

Sincerely,

Kristin Gandy
Associate Recruiter
x 53214


Hi Kathleen,

Here's another deal like CA Development. We'll be doing the certificate of
incumb. today, I think.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 06:16
AM ---------------------------

"Reuter, Marisa" <MReuter@KSLAW.com> on 04/17/2001 06:33:07 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: ENA/Blue Dog: Closing Checklist and ENA Incumbency Certificate

Kay:

Attached please find a preliminary draft of a Closing Certificate as well as
of an Incumbency Certificate.  At your convenience, please provide me with
the names, titles and contact information that will need to be included in
the Incumbency Certificate.  Thanks.

Regards,

Marisa

 <<ENAIncumbencyCertificate.DOC>>  <<ClosingChecklist.DOC>>

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 - ENAIncumbencyCertificate.DOC
 - ClosingChecklist.DOC