I accept the terms and conditions of this Pilot Participant Agreement

	ClickAtHomePilot2
	Sent by: Suzanne Brown
	11/03/2000 11:30 AM

		 To: Stephanie Olszewski/HR/Corp/Enron@ENRON, Aida S O'Neal/SFO/EES@EES,
Bobby Oubre/GPGFIN/Enron@ENRON, Wade Owen/Enron Communications@Enron
Communications, Cliff Owens/GCO/Enron@Enron, David Oxley/HOU/ECT@ECT, Juan
Padron/NA/Enron@Enron, Venkatesh Palanisamy/OTS/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Michelle Parks/Corp/Enron@Enron, Joe
Parks/Corp/Enron@ENRON, Andrew Parsons/Corp/Enron@Enron, Jay
Patel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Sanjay Patel/NA/Enron@Enron,
Christie Patrick/HOU/ECT@ECT, Shelly Payne/HR/Corp/Enron@ENRON, Barry
Pearce/Enron Communications@Enron Communications, Renee
Pena/HR/Corp/Enron@ENRON, Maria Perales/ET&S/Enron@ENRON, Kim
Perez/ET&S/Enron@ENRON, Beth Perlman/HOU/ECT@ECT, Mona L
Petrochko/NA/Enron@Enron, Meredith Philipp/Corp/Enron@ENRON, Ron
Pieronek/Corp/Enron@ENRON, Stephen Plauche/Corp/Enron@Enron, LaShanda
Poledore/Corp/Enron@ENRON, Deelyn Pool/ET&S/Enron@ENRON, Kenneth
Poole/OTS/Enron@ENRON, Michael J Popkin/NA/Enron@Enron, David V.
Porter/HOU/EES@EES, Patricia Post/GCO/Enron@ENRON, bobp@nepco.com, Geoff
Prosch/HOU/EES@EES, Ben Pruitt/Corp/Enron@Enron, Fred Puetz/NPNG/Enron@ENRON,
Catherine Queiroga/HR/Corp/Enron@ENRON, George Quittner/ET&S/Enron@ENRON,
Donna Rabalais/Enron Communications@Enron Communications, Pilar
Ramirez/ET&S/Enron@ENRON, Marie Rankin/Enron Communications@Enron
Communications, Ramesh Rao/NA/Enron@Enron, Dale Rasmussen/HOU/ECT@ECT,
Michael Rasmussen/NPNG/Enron@Enron, John D Reese/NA/Enron@Enron, James
Regan/OTS/Enron@ENRON, Richard Reichardt/Enron Communications@Enron
Communications, Faith Reid/OTS/Enron@Enron, Kenneth
Reinheimer/ECF/Enron@ENRON, Selma Reyna/Corp/Enron@ENRON, Pam
Rhea/Corp/Enron@Enron, Joonhee Rhee/Corp/Enron@ENRON, Greek
Rice/Corp/Enron@ENRON, Amy Rios/HOU/ECT@ECT, Jonathan Risch/HOU/EES@EES,
raulr@nepco.com, Kimberly Rizzi/HOU/ECT@ECT, Bobby Robertson/Enron
Communications@Enron Communications, Richard T Robinson/HOU/ECT@ECT, Kyle
Roblee/HOU/EES@EES, Elaine Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Erica Rodriguez/Corp/Enron@Enron, Joe Rodriguez/OTS/Enron@ENRON, Ruben
Rodriguez/OTS/Enron@Enron, Rex Rogers/Corp/Enron@Enron, Larry
Romero/HOU/EES@EES, Tobey Roquemore/HOU/EES@EES, John M
Rose/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kayla Ruiz/Corp/Enron@ENRON, Norm
Ruiz/ET&S/Enron@ENRON, Kevin Ruscitti/HOU/ECT@ECT, Stan
Ryzinski/OTS/Enron@ENRON, Neil Sainsbury-Carter/NA/Enron@Enron, Delma
Salazar/NA/Enron@Enron, Jose Salinas/ECF/Enron@ENRON, Marian
Salinas/FGT/Enron@ENRON, Tom B Sampson/OTS/Enron@ENRON, Helen
Sandefer/Midland/Eott@Eott, Becki Sans Souci/ET&S/Enron@ENRON, Katherine
Saunders/HOU/EES@EES, Angela Sayegh/OTS/Enron@ENRON, Gaye Lynn
Schaffart/NPNG/Enron@Enron, Marsha Schiller/HOU/ECT@ECT, theodores@nepco.com,
Michael Schneider/ET&S/Enron@ENRON, Tammie Schoppe/HOU/ECT@ECT, Bob
Schorr/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Laura
Schwartz/Corp/Enron@Enron, Tami Scrudder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
koreys@nepco.com, Ted Seitz/Enron Communications@Enron Communications, Jill
Setera/ET&S/Enron@Enron, Robert Sevitz/NA/Enron@Enron, Kal Shah/HOU/ECT@ECT,
Rehman Sharif/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Shaw/ET&S/Enron@ENRON, George Sheafer/GCO/Enron@Enron, Sandy
Sheffield/GPGFIN/Enron@ENRON, Richard Shepherd/NPNG/Enron@ENRON, Linda
Shoup/HOU/EES@EES, Bonnie Shumaker/HOU/EES@EES, Ray S Siada/DUB/EES@EES,
Misha Siegel/Corp/Enron@ENRON, Mary H Silva/HOU/EES@EES, Cindy
Simon/SFO/EES@EES, George Simpson/Corp/Enron@Enron, Cheryl
Slone/EPSC/HOU/ECT@ECT, Michael J Smalling/HOU/ECT@ECT, Chris A
Smith/OTS/Enron@Enron, Gary P Smith/EWC/Enron@ENRON, Jimmie
Smith/ET&S/Enron@ENRON, Tommy Smith/ECF/Enron@ENRON, Brad J
Snyder/HOU/EES@EES, Mary Sontag/Corp/Enron@ENRON, Gary Sova/ET&S/Enron@ENRON,
Bob Sparger/Corp/Enron@Enron, Keith
Sparks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Sprock/HOU/ECT@ECT, Thomas
Sroka/ET&S/Enron@ENRON, Don Stacy/ET&S/Enron@ENRON, Robert
Stalford/NA/Enron@Enron, Peter R Stark/OTS/Enron@ENRON, John
Steenberg/OTS/Enron@ENRON, Ray Stelly/Enron Communications@Enron
Communications, Luly Stephens/NA/Enron@Enron, Jason Stephens/HOU/ECT@ECT,
Kelli Stevens/HOU/ECT@ECT, Bradley Stewart/HOU/ECT@ECT, Jennifer
Stewart/NA/Enron@Enron, Sandy Stone/Enron Communications@Enron
Communications, Cynthia Story/Corp/Enron@ENRON, Scott Stout/Enron
Communications@Enron Communications, Ava Stovall/NPNG/Enron@Enron, Christine
Straatmann/HOU/EES@EES, Kelly Strader/ET&S/Enron@Enron, Wade
Stubblefield/HOU/EES@EES, Kathy Sturr/ET&S/Enron@ENRON, Kriste
Sullivan/Corp/Enron@ENRON, Dinah Sultanik/HR/Corp/Enron@ENRON, Alper
Sunar/OTS/Enron@Enron, Tim Sundel/HOU/EES@EES, Jim
Sutherland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John Suttle/HOU/ECT@ECT,
Scott Swanson/NPNG/Enron@ENRON, Twanda Sweet/HOU/ECT@ECT, John
Swinney/HOU/ECT@ECT, Omar Taha/Corp/Enron@Enron, Mable Tang/HOU/ECT@ECT,
Claudia Tauzel/DUB/EES@EES, Liz M Taylor/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, LuAnn Teigen/NPNG/Enron@ENRON, Dzung
Thai/GCO/Enron@ENRON, Hardy Thomas/FGT/Enron@ENRON, Charlie
Thompson/GCO/Enron@ENRON, suet@nepco.com, Terence H
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Tosoni/HR/Corp/Enron@ENRON,
John Towles/NA/Enron@ENRON, David Tran/ET&S/Enron@ENRON, Richard
Troyer/ET&S/Enron@ENRON, James Trudeau/SFO/EES@EES, Bruce
Tuttle/NPNG/Enron@Enron, Dick Uran/NPNG/Enron@Enron, Larry
Urban/ET&S/Enron@ENRON, Carlos Uribe/Corp/Enron@ENRON, Kramer
Vakil/ET&S/Enron@ENRON, Sue Vanavech/OTS/Enron@ENRON, Josue
Vasquez/ET&S/Enron@Enron, Robin Veariel/HOU/ECT@ECT, Lillian
Villarreal/Corp/Enron@ENRON, Jeffrey Vincent/NA/Enron@Enron, Peter
Vint/HOU/EES@EES, John Viverito/Corp/Enron@Enron, Scott
Vonderheide/Corp/Enron@ENRON, Clarian Vondrak/Corp/Enron@ENRON, Susan
Wadle/Enron Communications@Enron Communications, Sheila Walton/HOU/ECT@ECT,
Julie Wang/Enron Communications@Enron Communications, Leslie A
Ward/HOU/EES@EES, Demetrion Ware/Corp/Enron@Enron, George
Wasaff/NA/Enron@Enron, Margaret Waters/ET&S/Enron@ENRON, Richard Weeks/Enron
Communications@Enron Communications, Debra Weir/HR/Corp/Enron@ENRON, Steve
Weller/ET&S/Enron@ENRON, Emma Kam Welsch/HOU/ECT@ECT, Jon
Werner/Corp/Enron@ENRON, Cherylene R Westbrook/HOU/ECT@ECT, Roger
Westbrook/OTS/Enron@ENRON, Jubran Whalan/HOU/EES@EES, Dianne White/Enron
Communications@Enron Communications, Leesa White/HOU/ECT@ECT, Britt
Whitman/NA/Enron@ENRON, Tim Whorton/ET&S/Enron@ENRON, Patricia
Wiederholt/NPNG/Enron@ENRON, Gloria Wier/ET&S/Enron@ENRON, John
Will/NA/Enron@ENRON, Tammie Williams/OTS/Enron@ENRON, Walt
Williams/ET&S/Enron@ENRON, Willie
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Williamson/HOU/ECT@ECT,
Susan Wimberley/HOU/ECT@ECT, Nancy Wood/ET&S/Enron@ENRON, Russell Woody/Enron
Communications@Enron Communications, Lewis Worthy/HOU/ECT@ECT, Erica
Wright/NA/Enron@Enron, CJ Xu/Corp/Enron@Enron, Jackie Young/HOU/ECT@ECT, Jeff
Youngflesh/NA/Enron@ENRON, Jin Yu/HOU/ECT@ECT, Benton
Yue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim Zachary/HOU/EES@EES, Cristina
Zavala/SF/ECT@ECT, Debbie Zdunkawicz/HOU/EES@EES, Anchi Zhang/HOU/ECT@ECT,
Xiaoge Zhou/Enron Communications@Enron Communications, Joe
Zhou/FGT/Enron@Enron, Sean Zurbrick/DUB/EES@EES
		 cc: David Oxley/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Dave
Schafer/NA/Enron@ENRON, Kimberly Rizzi/HOU/ECT@ECT, Sheila
Walton/HOU/ECT@ECT, Marla Barnard/Enron Communications@Enron Communications,
Gary P Smith/EWC/Enron@ENRON, Robert Jones/Corp/Enron@ENRON, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Willie
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brad Coleman/HOU/ECT@ECT, Ray
Bennett/HOU/EES@EES, Allen Hill/Enron Communications@Enron Communications,
Marie Newhouse/Corp/Enron@Enron, Suzanne Brown/HOU/ECT@ECT, Tony
Jarrett/Corp/Enron@ENRON, Sharon Butcher/Corp/Enron@ENRON, Susan
Lopez/HOU/ECT@ECT, LaMetrice Dopson/NA/Enron@Enron, Darin
Carlisle/NA/Enron@Enron, Randy Rice/OTS/Enron@ENRON, Peter
Goebel/NA/Enron@Enron, Mark Thibodeaux/HOU/ECT@ECT, Keith
Dziadek/NA/Enron@Enron, Todd Neugebauer/Enron Communications@Enron
Communications, Yevgeny Frolov/Enron Communications@Enron Communications,
Kevin Whitehurst/NA/Enron@ENRON, David Wise/NA/Enron@Enron
		 Subject: ClickAtHome Pilot 2 Information

Thank you for an overwhelming response to participate in ClickAtHome's Second
Pilot.    For those of you who have signed up, we are excited to have you in
this pilot.  We look forward to you testing our process and services and
giving us feedback!

In order to be eligible for Pilot 2, please read and agree to the Pilot
Participant Agreement and then respond to the ClickAtHomePilot2@enron.com
email box with the following statement:    "I accept the terms and conditions
of this Pilot Participant Agreement." with the Pilot agreement attached.

Once we have received your acceptance,  you will be eligible and confirmed
for Pilot 2.

Those who are confirmed for Pilot 2 will receive an email the week of
November 13th on how and when they can access the ordering website.  Until
that point,  the website will not be accessible.

Employees will have great options under this program for computers,
peripherals, and Internet connectivity.   Your personal selections will
determine your out-of-pocket expense, if any.

We know you are interested in more details.  However, one of our primary
Pilot objectives is to test the communication on the website.  We would like
you to review more details about program offerings and related out-of-pocket
costs, if any, once the pilot website is available.  After agreeing to the
Pilot Participants Agreement and reviewing these materials on the website,
you may choose to defer ordering until the All Employee roll-out in early
2001 if you wish.

Please send any questions to the clickathomepilot2@enron.com mailbox.

Thanks!


-----Original Message-----
From: Stalford, Robert [mailto:Robert.Stalford@ENRON.com]
Sent: Wednesday, November 14, 2001 1:22 PM
To: Bob George (E-mail); Brad Banky (E-mail); Brad Martin (E-mail);
Doyle Glass (E-mail); Drew York (E-mail); Lee Wood (E-mail); Mark
Zeigfinger (E-mail); Paul Stevenson (E-mail); Thomas Padron (E-mail)
Subject: FW: Subject: The Cave

> > From: Bin Laden, Osama
> >
> > Sent: Monday, October 22, 2001 8:17 AM
> > To: Cavemates
> > Subject: The Cave
> >
> > Hi guys. We've all been putting in long hours but we've really come
> > together as a group and I love that.  Big thanks to Omar for putting
> up
> > the poster that says "There is no I in team" as well as the one that
> > says "Hang In There, Baby." That cat is hilarious.
> >
> > However, while we are fighting a jihad, we can't forget to take care
> of
> > the cave. And frankly I have a few concerns.
> >
> > First of all, while it's good to be concerned about cruise missiles,
> > we should be even more concerned about the scorpions in our cave.
> Hey, you
> > don't want to be stung and neither do I so we need to sweep the
> > cave daily. I've posted a sign up sheet near the main cave opening.
> >
> > Second, it's not often I make a video address but when I do, I'm
> > trying to scare the most powerful country on earth, okay? That means
> that
> > while we're taping, please do not ride your razor scooter in the
> background.
> > Just while we're taping. Thanks.
> >
> > Third point, and this is a touchy one. As you know, by edict, we're
> > not supposed to shave our beards. But I need everyone to just think
> > hygiene, especially after mealtime. We're all in this together.
> >
> > Fourth: food. I bought a box of Cheez-Its recently, clearly wrote
> > "Osama" on the front, and put it on the top shelf. Today, my
> Cheez-Its
> > were gone.Consideration. That's all I'm saying.
> >
> > Finally, we've heard that there may be American soldiers in disguise
> > trying to infiltrate our ranks. I want to set up patrols to look for
> > them. First patrol will be Omar, Muhammed, Abdul, Akbar, and
> Richard.
> >
> > Love you lots.
> >
> > Osama
> >
> >
>

**********************************************************************
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.
**********************************************************************

***************************************************************
Confidentiality note: This e-mail contains information from the
GFI Group Inc. and/or its affiliates, including GFInet inc.,
that is confidential and/or legally privileged.   This
information is intended only for the use of the individual or
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not be reproduced or retransmitted without the express written
permission of The GFI Group.
***************************************************************


Stacey,

If you want, you can go ahead and give that money to my sister-in-law Brandee (she sits right behind you).  I owe her $3 anyways.

Thanks,
Sonia Hennessy
Enron Networks
Phone# 713-345-4858
Fax# 713-646-2443
Location:  EB3103g
sonia.hennessy@enron.com


fyi, on a different note, given legislative approval of frozen tariff
application in SDG&E, we are determining best course of action.  Will follow
up with you shortly.
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/EES on 05/16/2001
08:44 AM ---------------------------

James D Steffes@ENRON
05/15/2001 06:42 PM
To: David W Delainey/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Dan
Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES
cc: Harry Kingerski/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
Subject: Final Commission Decision on 3c/kwh Rate Design

The CPUC voted out the decision today on the 3c/kwh Surcharge late today.  We
are reviewing and will have a final analysis early tomorrow.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 05/15/2001
06:40 PM ---------------------------

JBennett <JBennett@GMSSR.com> on 05/15/2001 06:15:49 PM
To: "Harry Kingerski (E-mail)" <Harry.Kingerski@enron.com>, "Jeff Dasovich
(E-mail)" <jdasovic@enron.com>, "Jim Steffes (E-mail)"
<James_D_Steffes@enron.com>, "Lelie Lawner (E-mail)"
<Leslie.Lawner@enron.com>, "Scott Stoness (E-mail)" <sstoness@enron.com>,
"Sue Mara (E-mail)" <smara@enron.com>, "Sue Mara (Business Fax)"
<IMCEAFAX-Sue+20Mara+40+2B1+20+28415+29+20782-7854@GMSSR.com>, "Tamara
Johnson (E-mail)" <tjohnso8@enron.com>
cc:

Subject: Final Commission Decision on Rate Design

At the continuation meeting held this afternoon, the Commission voted out
the Alternate Proposed Decision on SCE/PG&E rate design.  The vote was 3 to
2, with Bilas and Duque voting "no".

Absent a close reading (which I have not had the opportunity to do yet), it
is difficult to discern all the changes made to the alternate as it was not
put out in a red-lined form.  While the version voted out today contains a
lot more verbiage supporting the previously made resolutions of the issues,
the only real substantive changes made appear to be (1) it lowers the cap on
agricultural customers rate increases from 30% to 20% for agricultural TOU
customers, and to 15% for agricultural non-TOU customers; and (2) it places
an average rate increase cap on industrial customers.  For PG&E, this
average rate increase cap is 12.3 cents/kWh; for SCE its $12.9 cents/kWh.
The decision does not contain alot of explanation on the industrial cap.  I
am assuming that the "average rate increase" refers to the average across
TOU periods.

I will review the Decision more closely, providing a complete summary
tomorrow.  In the mean time, if you have any questions, please call.

Jeanne Bennett


I think it would be a good idea if you would print these out when you get them and bring them in at some point so we can go over them.

 -----Original Message-----
From: 	Nguyen, Vivian
Sent:	Thursday, July 26, 2001 4:52 PM
To:	Taylor, Mark E (Legal)
Cc:	Keiser, Holly
Subject:	June O&M Report

Mark/Holly,

Please let me know if you have any questions.

Vivian
5-3995


AMEREX WEST

Chris Mallory
I am missing the following deals:
1) Enron buys from Duke 25 mw of off-peak SP-15  for 3/2-3/31 at $150 with
fee of .0075
2) Enron sells  to Sempra 25 mw of off-peak SP-15 for 3/2-3/31 at $162 with
fee of .0075

PREBON WEST

Tom Alonso
I am missing the following deals:
1) Enron buys from Williams Bal of PV 25 mw at $230
2) Enron sells to Williams Bal of PV 25 mw at $229

Matt Motley
I am missing the following deals:
1) Enron buys from Williams Q3 Mid-C 25 mw at $370

2) Deal 534382 Prebon shows location as SP-15 not NP-15

Tim Beldon
I am missing the following deals:
1) Enron sells to Constellation 25 mw of Q4 SP-15 at $165
2) Enron sells to Constellation 25 mw of Q4 SP-15 at $169

BLOOMBERG
All trades are good.

Thanks!!


I just wanted to pass forward my personal email account and new phone number.
If I haven't mentioned it to you already, I will be moving to San Francisco
in about two weeks. I hope you'll keep in touch.

achokshi99@yahoo.com
415-441-4156

Take care,
Ami


Please send the executed amendments to me at the below address and I will
have them signed and return one original to your attention.:
 Daniel J. Hyvl
 P. O. Box 1188, Suite 3878
 Houston, Texas 77251-1188

	"Anderson, David W (Law)" <DWA3@pge.com>
	04/03/2001 05:43 PM

		 To: "'Dan.J.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		 cc: "Baxter, Charlotte" <CRB0@pge.com>, "Welch, Ray" <RXWc@pge.com>, "Foley,
Jack" <JRFc@pge.com>
		 Subject: RE: Enron OnLine/ENA-PG&E Supplier Agreement

Dan --

We will soon be sending two executed copies of the "Enron OnLine" amendment
(with an exhibit B as an attachment) to you.

To which address should we send?

Thank you,

Dave Anderson 415-973-6659

-----Original Message-----
From: Anderson, David W (Law)
Sent: Tuesday, April 03, 2001 2:34 PM
To: 'Dan.J.Hyvl@enron.com'
Subject: RE: Enron OnLine/ENA-PG&E Supplier Agreement

Thanks, Dan!

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Tuesday, April 03, 2001 1:50 PM
To: Anderson, David W (Law)
Subject: RE: Enron OnLine/ENA-PG&E Supplier Agreement

Dave,
     As we discussed, the change that you made referring to the index for
the applicable delivery point is okay because the Index for Enron Online is
the Midpoint price in Gas Daily for the location closet to the relevant
delivery point.  I do not think that your change affects that.  Therefore,
please finalize the amendment, have it signed and forward to me for
execution by Enron.

                    "Anderson,

                    David W              To:     "'Dan.J.Hyvl@enron.com'"

                    (Law)"               <Dan.J.Hyvl@enron.com>

                    <DWA3@pge.com        cc:     "Baxter, Charlotte"
<CRB0@pge.com>,
                    >                    "Foley, Jack" <JRFc@pge.com>

                                         Subject:     RE: Enron
OnLine/ENA-PG&E Supplier
                    04/03/2001           Agreement

                    01:54 PM

Dan -

Per our conversation today, I made a change to the "exhibit B"
confirmation.
If you could let me know that it's OK, we will make change and execute.

Thanks,

Dave Anderson 415-973-6659

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Monday, April 02, 2001 2:10 PM
To: Anderson, David W (Law)
Subject: RE: Enron OnLine/ENA-PG&E Supplier Agreement

(See attached file: 2001-001amd.doc)

Dave,
     I have attached Exhibit "B" to the above amendment draft.  Please let
me know if you need anything further.
                                                             Dan

(See attached file: PG&E 4-3-01.doc)


----- Forwarded by Steven J Kean/NA/Enron on 09/26/2000 04:51 PM -----

	Edmund Szol <eszol@nwlink.com>
	09/24/2000 05:29 PM

		 To: undisclosed-recipients:;
		 cc:
		 Subject: Angle Master Invention

Please have someone contact me at 425-503-4339 (cell telephone) or at the
address on the web site underlined below  if
Enron has an interest in the U.S. and internationally patented Angle Master.
We now have marketing prototypes made, patents in place, outstanding consumer
interest and are ready to proceed to the
next step.
The Angle Master can be very large or  small.. The output gear smoothly
transitions from 0-90 degrees at high torque to
to reach or drill any angle. The input gear can be driven by any device. No
product on the market can perform
like the Angle Master. I can see the use of the Angle Master for various
drilling applications, including horizontal drilling
Professional mechanics in all fields who have seen the smaller Angle Master
all want one. We have endorsements from professional
drivers, mechanics, and many others.
A recently retired Captain of a nuclear aircraft carrier has stated in a
letter "....The use of the Angle Master.... will
result in a significant time savings which in turn will increase combat
readiness of aircraft and ships due to the more rapid
turnaround of out of commission systems. Every mechanic will want the Angle
Master in their toolbox after they have seen it in
operation."
A Senior Vice President of Operations for a major Aerospace Company has
stated in writing " .... Prototype manufacturing,
tool manufacturing, assembly, repair and overhaul operations will all benefit
from the flexibility of the Angle Master."
The attached web page location underlined below is not yet completed, but it
indicates just a few
of thesmaller scale uses for the Angle Master.
I look forward to hearing from you.

Sincerely,

Ed Szol
President
Angle Master Industries LTD.
http://www.nwlink.com/~eszol/index.html


Attached please find this weeks summary of the most  recent AGA Working Gas Storage Data.

Thanks,
Mark
 - 12-27-01 AGA.doc


<TITLE>Power Indices - IntercontentalExchange</TITLE>

IntercontinentalExchange

Firm Power Price Bulletin

For Power Delivered on Wednesday, November  28, 2001

(Trade Date of Tuesday, November  27, 2001)

Click here to access index history.

* volume represents sell-side only *

Hub
High
Low
Wtd Avg Index
Change ($)
Vol (Mwh)

Cinergy	         $20.50	         $18.00	         $18.45	-    .12	          55,200

Comed	         $17.25	         $16.75	         $16.96	+    .96	           4,800

Entergy	         $18.00	         $17.00	         $17.33	-    .35	          12,800

Nepool	         $27.75	         $27.00	         $27.47	+    .25	          12,000

Palo Verde	         $29.50	         $27.75	         $28.80	+   6.35	           5,600

PJM-West	         $23.25	         $22.80	         $22.96	+   1.24	          50,400

SP-15	         $32.50	         $29.50	         $31.13	+   6.94	           6,400

TVA	         $20.00	         $17.00	         $18.04	+    .29	           7,200

Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.

IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.

In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.

This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.

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All of today's scheduled extracts (except the Load and Registration
extract) are currently available. Thanks you for your patience.

ERCOT Client Relations
ClientRelations@ercot.com
512-248-3900


<<Gas Transaction Collateral Agreement(4-19-01)ENA.doc>>

Here is the clean version, with spacing, numbering and punctuation fixed.
On the Master Netting Agreement Amendment, one more change - the signature
block for PG&E Energy Trading - Power, L.P. should be by PG&E Energy Trading
Holdings Corporation (there is no longer a "-Power" in its name).  We
chagnedits name in the last few months.

The UCC searches are in process.  CEG is a Saskatchewan corp and ET Gas
Canada is an Alberta-headquartered corp.  The other three are Maryland based
so their searches should move faster.  Peter

Peter

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

 - Gas Transaction Collateral Agreement(4-19-01)ENA.doc


Issue 1 - Mike Swerzbin
Missing deal = 524266 (Enron buys EES - 25 mw - off peak - Mid C - Q3'01 -
price is $285.95)
 Mike Driscoll just spoke with Amerex broker, who confirmed he wanted the
five-cent fee on a different deal (524247), not this one. Our price is right.

Issue 2 - Mike Swerzbin
Mike agreed to 50 mw, but if we change this deal we have to change the other
side - therefore, 524267 and 524266 will both be changed to 50 mw.

Issue 3 - Diana Scholtes
This is the first I think I've heard about 523984 - I'm sorry if I overlooked
it. Diana says it's $345 - it's been changed.

Let me know if this resolves everything.

Kate

Evelyn Metoyer@ENRON
02/16/2001 11:19 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 2/15 Amerex Checkout

Let's start over:

ISSUE 1-Mike Swerzbin
deal 524248 and deal 524266
This two deals checkout with Amerex fine.  Amerex has one deal at 50 mw and
we have two identical deals at 25 mw.

deal 524247
This deal checks out with Amerex fine.

The deal that I am missing is Enron buys from EES 25 mw of off-peak Mid-C for
Q3'01 at $285.95.

ISSUE 2- Mike Swerzbin
deal 524267
 Amerex has 50 mw and we have 25 mw.

ISSUE 3- Dianna Scholtes
deal 523984
Amerex has price as $345 and we have price as $335.

This has been a terrible ordeal and I will be so glad when everthing is
resolved!!!

Thanks
Evelyn

   Kate Symes @ ECT                02/15/2001 06:10 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 2/15 Amerex Checkout

I am missing the following deal:
Enron buys from EES 25 mw of off-peak Mid-C for Q3'01 at $285.95. - 524248 -
part of a spread sleeve done with EES and El Paso - only one broker fee
agreed upon - fee included on deal 524247 NOT 524248

Thanks,
Kate

Evelyn Metoyer@ENRON
02/15/2001 02:38 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/15 Amerex Checkout

Jeff Richter
deal 523881
Per Amerex the term should be 2/17 only not 2/17-2/18

deal 523882
Per Amerex the term should be 2/17 only not 2/17-2/18

Matt Motley
deal 524143
Per Amerex the price should be $263 not $163

Mike Swerzbin
deal 524171
Per Amerex the price should be $300 not $310

deal 524172
Per Amerex the price should be $300 not $310

deal 524267
Per Amerex the total mw should be 50 not 25

deal 524310
Per Amerex the term should be March not April

I am missing the following deal:
Enron buys from EES 25 mw of off-peak Mid-C for Q3'01 at $285.95.


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October 29, 2001

Energy Company Values Sink
In Response to Changing Times

By Robert C. Bellemare
Vice President

  <http://secure.scientech.com/rci/wsimages/rbellrgb100border.jpg>

Constellation Energy's (NYSE:CEG) shares fell nearly 11 percent on Friday in response to announcements that the company is cutting its earnings' projections, shelving plans to split the company into two parts, and severing its ties with investment bank Goldman Sachs (NYSE:GS) which would have been a minority partner in its energy-trading operation if the spin-off had gone ahead.

Analysis: Constellation Energy's stock value dropped to its lowest level in seven years-down nearly 11 percent in one day, and down over 45 percent since May 1, 2001. But perhaps what is most important about Constellation is its shift in business strategy as it becomes the second company of the week to announce it is withdrawing plans to split its company into two parts. Earlier in the week Allegheny Energy (NYSE:AYE) announced it would hold off on its planned initial public offering (IPO) of Allegheny Energy Supply Company, its unregulated power generation and trading subsidiary, until market conditions improve.

The dramatic shift in company strategy appears to be driven by the same forces. Constellation sited falling energy prices, the changing nature of the California power crisis and weak economic conditions as the main reasons for dropping its company-separation plans. The company said it would now focus on using its "single" status to leverage its balance sheet to participate in the consolidation of the wholesale electricity industry in the United States. "What seems to matter now is size and stability and we think that comes from being a single company ? What has changed (in the last one year) is the significant change in the immediate growth rate we are seeing for new power plants ? the reasons are simple and profound. The world has changed,'' Constellation Energy Chairman Christian Poindexter said in a conference call with the media.

The change in Constellation's strategy will be costly. The company will pay Goldman Sachs about $355 million to terminate their power-marketing agreement, $159 million which Goldman had previously put in the business, and $196 million in future income Goldman would have earned had the business continued. Constellation expects the Goldman Sachs business termination will cause the company to record a $200-million special expense in the fourth quarter. The company said that its split-up with Goldman Sachs was amicable. Goldman's relationship with Constellation started in the mid-nineties when the investment bank was looking for a partner to help it break into the energy trading and marketing business. In 1999 Goldman agreed it would take a 17.5-percent stake in Constellation's trading business when the state of Maryland deregulated the power industry and Constellation decided to make a separate trading company. Poindexter indicated that Goldman did not want to be part of a situation where energy trading and generation would remain together.

It certainly has been an active week for Constellation as it has made other significant announcements concerning its future plans. Mayo A. Shattuck III was elected to the position of president and CEO effective Nov. 1, 2001. Shattuck recently resigned his position as chairman and CEO of Deutsche Banc. Alex Brown and has served on Constellation's board of directors for the past seven years. On Oct. 24, the New York Public Service Commission said it would approve the sale of Niagara Mohawk's Nine Mile nuclear generating station in New York to Constellation Nuclear for $780 million. Constellation Nuclear is a unit of the Constellation Energy Group. As part of the sale, Constellation has agreed to sell 90 percent of Nine Mile's output at fixed prices for 10 years, or through August 2009 if the operating license of Nine Mile 1 is not extended.

The unregulated generation and trading activities continue to drive the bulk of earnings for both Constellation and Allegheny. Constellation's domestic merchant energy business contributed $0.89 of their $1.00 earnings per share of common stock for the quarter ending Sept. 30, 2001, slightly higher than last year when the business contributed $0.87 of the $0.98 per share in earnings for the same quarter. Allegheny Energy reported that their third-quarter profits more than doubled on increased generation capacity and the acquisition of a trading and marketing unit. Allegheny's third-quarter earnings were $1.33 per share, compared with $0.69 per share one year ago, and beating analysts' earnings of $1.10 to $1.28 per share. Allegheny is confident that its year-end earnings will be within its guidance range of $3.80 to $4.10 per share.

Despite the strong earnings, Allegheny's stock price has dropped over 30 percent since May, and over 5 percent in the past 10 trading days. The drop in energy stock value appears to be driven by softening wholesale power prices. Earlier in the month Lehman Brothers lowered its estimate of Allegheny's 2002 earnings by 12 cents, to $4.03, citing reduced forward power price assumptions.

The high-flying days of the recent past, where energy companies' price-to-earnings (P/E) multiples were exceeding 50 in certain cases, appear to be over. Many power producers are returning to their roots-scrapping plans for splitting operations and questioning whether more risky overseas operations can be supported by lower prices brought on by a slowing economy and softening wholesale market prices. Paul Patterson, an energy analyst with ABN Amro, said there are common themes affecting the industry: "One is lower power prices and the margins that are associated with them. And two is lower stock prices and the ability to finance more asset driven growth."

AES Corp. (NYSE:AES ), apparently agrees. Its earnings fell for a second consecutive quarter on poor results from operations in Brazil and Britain and said last Thursday it would revamp its organization and did not rule out selling off assets. AES' Chief Executive Officer Dennis Bakke indicated AES was placing a renewed emphasis on the traditionally profitable, long-term contract generation business. By placing generating capacity into long-term contracts a company is able to provide profit stability during times of flat growth. Just one year ago physical reserve margins in power markets were very low, allowing generation companies to achieve high profits for their product. But with the slowing economy, mild weather and consumer response to the higher prices, power demand for 2001 is flat or even down from one year ago in many parts of the country.

The recent actions of Constellation, Allegheny and AES likely indicate a fundamental shift in the electric business. Their actions are, in some respects, a return to the past-companies striving for predictability and reliability in their power supply costs, profits and operations. Perhaps most significantly, companies are once again rethinking their strategy in regard to whether or not they will continue to be an integrated business. As Constellation concluded, one way to achieve and maintain a critical mass of business is to remain an integrated company. We would not be surprised if others come to the same conclusion.

An archive list of previous IssueAlerts is available at
www.scientech.com <http://secure.scientech.com/issuealert/>

We encourage our readers to contact us with their comments. We look forward to hearing from you. Nancy Spring  <mailto:nspring@scientech.com>

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I just hung out yesterday and worked around the house and watched football.

-----Original Message-----
From: jbrewer.LEATHERCENTER@leathercenter.com
[mailto:jbrewer.LEATHERCENTER@leathercenter.com]
Sent: Monday, November 05, 2001 10:52 AM
To: Lucci, Paul T.
Subject: Re: FW: Cactus READ STORY BEFORE OPENING ATTACHMENT

Yea you sent that one out and I actually have had it sent to me before!

Whats up!  Today I am feeling tired...Did you do anything yesterday!  I
think I need a complete week of detox in order to feel normal?  I actually
ran the last two days but instead of the comfort feeling I just feel ache!
I hate mon and tuesday because they are such long ass day10-8?  Well at
least the game is on tonight!
Later


The Museum of Fine Arts Houston


Hello everyone...."Happy New Year".

Please see the attached document for the Houston Livestock Show  - carnival tickets that Margaret Doucette is selling.
If interested, please contact her at ext. 57892.

Thanks,
Donna


Please find attached a revised credit worksheet for the Lafarge Canada ISDS
as the guaranty amounts have changed. Questions or comments, please call.

Thanks
Wendy
30699
---------------------- Forwarded by Wendy Conwell/NA/Enron on 02/20/2001
03:10 PM ---------------------------

From:  Wendy Conwell
   02/20/2001 03:06 PM

To: Sara Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Tracy
Ngo/PDX/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Veronica Gonzalez/HOU/ECT@ECT,
Jan Wilson/TOR/ECT@ECT

Subject: Lafarge Canada Credit Worksheet

Please find attached the credit worksheet for the preparation of an ISDA with
Lafarge Canada Inc.  Please also be advised that we will be exchanging
guarantees with the counterparty and therefore will need to prepare a draft
guaranty for their review as well.

Thanks so much for all your help!
Wendy


To: David Gilberg
----- Forwarded by Mark Taylor/HOU/ECT on 05/16/2000 10:58 AM -----

	Mark Taylor
	05/16/2000 10:25 AM

		 To: David Gilberg <gilbergd@sullcrom.com>
		 cc: Travis McCullough/HOU/ECT@ECT
		 Subject: EnronOnline Posting Agreement

David;

Here are our initial thoughts regarding the Posting Agreement form.  I should
be in all day today and tomorrow.  Please feel free to call to discuss.

At the closing of the Transaction, the Company and Enron will enter into a
&Posting Agreement8 pursuant to which Enron will agree to post prices for
certain products to the Company,s platform in a manner that permits the
Company,s customers to electronically attempt to transact, through the
Company,s website but on EOL,s database, with respect to Subject Products
(defined below).

The Company will provide, at the Company,s expense and in accordance with
Enron,s specifications and technical requirements t[specifications annex?],
an interface which will be used by Enron to post prices for Subject Products
on the Company,s website.  Enron will provide, at Enron,s expense and in
accordance with Enron,s specifications and technical requirements [annex?],
an interface for the Company,s customers to attempt transactions (as
discussed below) on the EOL database.  The parties will also establish a
credit interface to facilitate Enron,s credit decisions with respect to
attempted transactions.

The Company,s customers will be permitted to attempt to transact against
prices posted by Enron at Enron,s sole discretion.  Accordingly, prices
posted by Enron on the Company,s website shall not be deemed to be offers to
sell or buy, and all attempted transactions must be validated against the EOL
database in accordance with EOL,s customary operating policies and
practices.  The point of contract for all transactions consummated on prices
that are posted by Enron shall be the EOL database, and all of such
transactions will be consummated pursuant to EOL,s General Terms and
Conditions, or the terms of a master agreement between the Company,s customer
and Enron, if any.  [manner in which the Company,s customers will agree to
transact under EOL,s General Terms and Conditions]

[process of and responsibility for &mapping8 the products offered by the
Company and the prices posted by Enron in order to ensure accurate matching
of Subject Products between the Company,s website and EOL,s database]

Enron will not be required to pay to the Company any commission or other
charge with respect to any transaction completed with EOL through the Company,
s Platform.  Commissions charged to those customers completing transactions
with EOL shall not exceed the Company,s standard rates.  Each party shall be
solely responsible for the costs and expenses of operating and maintaining
its respective platform; the Company will be responsible for all
telecommunication costs and expenses from the Company,s website to EOL,s
website.

Prior to Closing, the Company and Enron will agree to specific products with
respect to which Enron will post prices on the Company,s Platform (the
Subject Products8).  Products may be added or deleted by subsequent agreement
of the parties, but Enron shall have no obligation to post prices with
respect to products for which it then does not post prices on EOL, or to
otherwise act in a manner that is inconsistent with or contrary to its
business methods, practices or policies employed on EOL.

[Circumstances under which the Agreement may be terminated by a party, and
consequences of either party,s breach of the Agreement]


Michael says that you and he will be putting up Christmas decorations this
evening "straight away"  "before nightfall"  etc.  Of course, it is a good
thing to do at night so long as it isn't raining.

I was thinking it would be fun to have a family outing this weekend instead
of sitting around the house.  Maybe Moody Gardens?  That seems like a fun
place to go.

What do you think?

ckm

"Neil Mann" <nmann@erac.com> on 11/29/2000 08:27:00 AM
Please respond to <nmann@erac.com>
To: "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject: first step

Good Morning from my new office.

Stand by... more info to follow later.

Love, NM


Start Date: 1/14/02; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011402.txt


FYI

  Metropolitan Desk; Section B
  Metro Business
  Internet Utility Plans Move to Westchester
  By Joseph P. Fried

  09/21/2000
  The New York Times
  Page 11, Column 5
  c. 2000 New York Times Company

  The New Power Company, an Internet utility, is planning to establish its
headquarters in
  Purchase, N.Y., state and Westchester County officials said yesterday.

  New Power was formed in May by the Houston energy giant Enron to work with
America
  Online and I.B.M. to sell electricity and natural gas to homes and small
businesses over
  the Internet. It has been temporarily located in Greenwich, Conn.

  In return for its commitment to create 400 new jobs at its future
headquarters and invest $7
  million in renovating and outfitting 80,000 square feet at a Purchase
office complex, New
  Power is eligible to apply for hundreds of thousands of dollars in energy
discounts and tax
  exemptions from state and county agencies. Joseph P. Fried (NYT)

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

  Business; Financial Desk
  Markets Drillers Seek New Natural Gas Sites

  09/21/2000
  Los Angeles Times
  Home Edition
  Page C-4
  Copyright 2000 / The Times Mirror Company

  Natural gas drillers are turning up the heat on Uncle Sam to open up more
areas for
  exploration, amid the highest gas prices ever.

  Anadarko Petroleum Corp. said Wednesday it plans to start drilling for
natural gas in two
  parts of the Arctic by early 2002, in hopes that a gas pipeline to the
Lower 48 states will be
  built by 2008.

  The company last month bought the right to explore 176,000 acres in the
MacKenzie Delta
  of the Canadian Arctic. It will begin seismic shooting, which maps the
geology of potential
  drilling sites, this winter in both the Delta and Alaska's North Slope,
said John Seitz,
  president and chief operating officer.

  Natural gas prices in the last decade haven't been high enough to justify
the expense of
  building a gas pipeline from Alaska, major oil companies have said.

  But with prices having doubled this year, interest in building a line has
been renewed.

  Gas futures on the New York Mercantile Exchange fell 4.5 cents to $5.318
per million
  British thermal units Wednesday, down just slightly from Tuesday's record.

  "The country needs gas from the Arctic," Seitz said, speaking at the Dain
Rauscher
  Wessels oil and gas conference in Houston.

  About a dozen companies have pipeline proposals on the table, Seitz said.
He estimated
  that at least one route could be built by 2008. Some estimates are for as
early at 2005, he
  said.

  Drilling on both Anadarko's MacKenzie and North Slope properties could
begin in December
  2001 or January 2002, Seitz said.

  But chances for construction of a gas pipeline could be threatened if the
government
  intervenes to push down prices, experts say.

  "We've got an election year, so anything's up for grabs," said Lisa
Stewart, executive vice
  president of business development for oil and gas explorer Apache Corp.

  Another energy giant, gas producer and energy trader Enron Corp., also
warned against
  government intervention.

  "Markets do correct, and this market also will correct," Enron CEO Kenneth
Lay said at
  the Governors' Natural Gas Summit in Columbus, Ohio. "As long as the
regulators will leave
  it alone . . . this market will come back into balance in the next two or
three years."

  Without government interference, Apache thinks prices will remain appealing
enough to
  spur new drilling. Stewart noted that gas inventories are low nationwide
and demand is
  expected to boom.

  The government will probably move or be pressured to open up lands now off
limits to
  explorers, rather than impose price controls, Seitz said. California and
the Rocky
  Mountains are ripe for exploration, he said. "The solution for the prices
is more supply, and
  we need to have more land to explore and exploit," he said.

  Shares of both Anadarko and Apache rose Wednesday, even as many other
energy stocks
  fell. Anadarko (ticker symbol: APC) gained 95 cents to $64; Apache rose 19
cents to
  $62.69. Both trade on the New York Stock Exchange.

  Enron (ENE), one of the hottest energy stocks, fell $2.69 to $82.17 on the
New York Stock
  Exchange.

  (BEGIN TEXT OF INFOBOX / INFOGRAPHIC)

  Gas Stocks on Fire

  Shares of gas and oil exploration and production companies Anadarko
Petroleum (ticker
  symbol: APC) and Apache Corp. (APA) have rocketed this year as gas and oil
prices have
  soared.

  *

  Monthly closes and latest for Anadarko and Apache on the New York Stock
Exchange

  Anadarko

  Wednesday: $64.00, up 95 cents

  *

  Apache

  Wednesday: $62.69, up 19 cents

  Source: Bloomberg News

  GRAPHIC: Gas Stocks on Fire, Los Angeles Times;

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

Enron's CEO Lay: Don't Overreact To Natural Gas Prices

09/21/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

(This article was originally published Wednesday)

HOUSTON -(Dow Jones)- The competitive natural gas market can deliver reliable
service and help consumers
reduce exposure to rising gas prices, Enron Corp. (ENE) chairman and chief
executive officer Kenneth Lay said
Wednesday in Ohio.

Using a number of slide graphics, Lay spoke at Wednesday's natural gas summit
in Columbus, Ohio, convened by
Alaska Gov. Tony Knowles and Ohio Gov. Bob Taft.

Lay warned against overreacting to the recent run-up in prices and urged
officials to encourage utilities to take
advantage of price hedging opportunities to protect consumers against price
volatility.

Lay said the Nymex natural gas futures board shows gas prices, although at a
peak $5.495 per million British
thermal units, declining to $3.345/MMBtu by September 2003.

"The gas resource base remains robust and today's prices will self-correct
over time," Lay said. Overall, he said, the
market has delivered more than $174 billion in savings to consumers since the
market opened to competition in
1984.

Lay said those utilities that haven't protected their customers against
rising prices this winter will pay less per unit
of gas than they did in the early 1980s.

The Enron chairman, a close friend of Republican Texas Gov. George W. Bush,
also urged government officials to
consider lifting access restrictions to develop new gas supplies to meet
growing electricity generation demand from
the growing digital economy.

Federal statutes restrict production drilling in the U.S. Eastern Seaboard,
the Gulf Coast of Florida and California,
and the Rockies, Lay said..

About 400 people attended the one-day conference Wednesday, sponsored by the
Interstate Oil and Gas Compact
Commission (IOGCC).

Also offering presentations were Dr. Fausto Alzati Araiza, Mexican
President-Elect Vicente Fox's energy advisor
and Nick Schultz, vice president of regulatory and transportation policy for
the Canadian Association of Petroleum
Producers.

Daniel Yergin, chairman of Cambridge Energy Research Associates, also urged a
"continent-wide" response by
industry and government to address the current natural gas price shock and
meet long-term energy needs.

The price shock means most U.S. utilities anticipate an increase of between
20%-40% in residential heating bills
this winter while industrial customers will be hit even harder - as much as
50%-100% increases in energy costs,
Yergin said. -By John Edmiston, Dow Jones Newswires, 713-547-9209;
john.edmiston@dowjones.com

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

Report on Business: Technology At Work
Web consultants feel dot-com pain Failure of many Internet startups causes
plunge in consulting revenue
DOUGLAS A. BLACKMON AND ANN CARRNS
Wall Street Journal

09/21/2000
The Globe and Mail
Metro
T6
All material copyright Thomson Canada Limited or its licensors. All rights
reserved.

A big dose of reality is sinking in for the Web's professional gurus.

After months of defying the gravitational pull of imploding dot-coms,
revenues are plunging at some Internet
consulting firms as big companies shift their investment strategies for Web
technology. Investors have reacted by
letting the air out of a slew of once high-flying stocks.

One of the fastest-growing consultancies, iXL Enterprises Inc., announced the
layoff of 350 workers less than a
week after the resignation of its president and an announcement that revenue
in the current quarter will be as much
as 20 per cent lower than expected.

Meanwhile, there were signs that an earlier generation of consulting firms
was trying to move in for the kill, mounting
raids to steal talented young Web experts from the battered firms. Deloitte
Consulting was the most brazen, taking
out a full-page ad in The Wall Street Journal urging employees of Web firms
to jump ship.

The extent and precise nature of the Web consulting fallout isn't clear. iXL,
Viant Corp. and Xpedior Inc., each of
which have issued warnings of lower-than-anticipated third-quarter revenues,
maintain that large firms are slowing
spending as they feel less pressure from Internet start-ups.

"In June and July, the global 1,000 companies started looking around and
saying, 'Holy Cow, these dot-coms aren't
around anymore, nipping at my heels . . . I'm going to take more time to make
these decisions,' " said William
Nussey in an interview after he resigned as president of iXL.

But senior executives at major corporations say that while the climate and
pace may have changed, they are still
investing heavily in the Internet.

Bank of America, for instance, announced in July that it plans to spend
$70-million (U.S.) on electronic commerce
initiatives over the coming six months.

Kevin Koertje, marketing director at Boise Cascade Corp.'s office-products
unit, which generates hundreds of
millions in on-line sales, said the company "is pouring a tonne more money"
into Web systems.

But much of that is going to older firms with expertise in legacy computer
systems, such as KPMG Consulting, and
to narrowly specialized technology experts.

Indeed, the biggest shift in Web consulting may be simply that some customers
are no longer convinced they want
outside help in developing on-line strategies. Xpedior, for instance, said
Sears Roebuck & Co., which is building up
its in-house Web expertise, has reduced its use of the consulting firm's
services this year.

Analysts say investors must differentiate between firms with true strategic
expertise to sell and those that are
merely proficient at setting up Web sites.

Mayank Tandon, an analyst with Janney Montgomery Scott, said firms with true
"intellectual capital" will be the
ones to succeed, citing Chicago consultant Diamond Technology Partners Inc.,
which works closely with Goldman
Sachs Group Inc. and Enron Corp.

Raul Fernandez, chief executive officer of Proxicom Inc. of Reston, Va., said
his firm is on track to meet revenue
projections.

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

Colorado Utility Plans to Build a Power Plant Near Colorado Springs
Rich Laden

09/21/2000
KRTBN Knight-Ridder Tribune Business News: The Gazette - Colorado Springs,
Colorado
Copyright (C) 2000 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

An arm of energy giant Enron Corp. will build a $100 million power plant
south of Colorado Springs to sell electricity
to the former Public Service Co. of Colorado, which wants to add generating
capacity around the state.

The plant, to consist of four natural gas-powered turbines generating 215
megawatts, will be built near an existing
electric substation, west of Interstate 25 and about six miles south of
Colorado Springs Utilities' Ray Nixon Power
Plant.

Denver-based Xcel Energy Inc., formerly Public Service, serves Denver,
northern Colorado and other areas outside of
Colorado Springs. It plans to spend $1.55 billioncq to upgrade its
power-generation and transmission capacity
around the state. The goal is to have enough new power for 1.6 million
households beyond the 2.5 million customers
Xcel Energy now serves.

Earlier this year, Xcel sought proposals from companies interested in meeting
its projected power needs. Enron
North America Corp., a subsidiary of Houston-based Enron, an electric, gas
and communications powerhouse, was
one of nine successful bidders responding to Xcel's request for proposals.
Those nine bidders will help supply about
1,500 megawatts of generating capacity around Colorado.

Another successful bidder, Wilexco Inc. of Englewood, also was chosen by
Xcel, and plans to build an 83-megawatt
plant south of the planned Enron facility at a cost of more than $90 million.
It will burn tires to generate its power
although the facility still needs to clear various local and state regulatory
hurdles.

Enron should complete its facility by June, said Eric Thode, director of
public relations for Enron North America
Corp. Wilexco's plant is targeted for operation by 2003, said company owner
Brian Wilde.

Xcel spokeswoman Jessica Anderson said her company has a 10-year deal with
Enron to buy power. Wilde said
his deal with Xcel is for 15 years.

"The people who live and work here in Colorado need this additional
generation," Anderson said.

At the end of those initial contracts, Enron and Wilexco could sell power to
other users. The opportunity for such
deals might be enhanced if Colorado deregulates its electric industry and
opens it up to competition.

Until now, state lawmakers have rejected deregulation efforts. Still,
Anderson said, the addition of the power plants
helps position the state for the time when deregulation takes place. Xcel, as
Public Service, supported deregulation
legislation in the General Assembly.

Wilde, of Wilexco, said selling electricity in a deregulated market wasn't
the reason his firm sought to build its plant
because he doesn't know what the electric industry will be like in 15 years.

Thode echoed that sentiment, saying, "This plant is being built for the deal
as it currently exists. This deal makes
sense because this deal makes sense, period."

Colorado Springs Utilities also is adding generating capacity.

Two 30-megawatt, gas-fired turbines have been added to the Nixon Plant, which
burns coal to generate its power.

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

            Houston Chronicle
            Thursday, September 21
             Business Briefs

            Koch forms unit to trade bandwidth

                           WICHITA, Kan. -- Closely held Koch Industries, one
of the
                           world's largest energy traders, said it has formed
a unit to trade
                           bandwidth, or spare capacity on fiber-optic
cables.

                           Koch Global Bandwidth Services will be led by Bill
Mohl, who
                           has held several senior management jobs at Koch
for the past five
                           years. He also was vice president at Altra Energy
Technologies.
                           The unit will be based in Houston.

                           Koch Industries, based in Wichita, joins companies
such as
                           Houston-based Enron Corp. and Tulsa-based Williams
Cos. that
                           have diversified into trading bandwidth from their
pipeline
                           business.

                           Enron plans to spend as much as $1.95 billion over
the next two
                           to three years to expand its fiber-optic network
and
                           broadband-trading operations, Chief Executive Ken
Lay said
                           Wednesday in Houston.

USA: Profit-taking hits Enron stock.

09/20/2000
Reuters English News Service
(C) Reuters Limited 2000.

HOUSTON, Sept 20 (Reuters) - Energy marketer Enron Corp. saw its stock fall
sharply for a second day
Wednesday, a move analysts attributed to profit-taking after a strong run for
the shares since early July.

Enron closed $2-11/16 lower at $82-3/16 on the New York Stock Exchange
Wednesday after losing $5-9/16
Tuesday, making a total decline of slightly more than 9 percent over both
days.

Analysts noted the decline followed a strong performance by the stock, which
broke above a mid-$60s to mid-$70s
trading range in August to hit a 52-week high of $90-9/16 on Aug. 23, more
than doubling its end-1999 value of
$44-6/16.

"Inevitably you are going to get some profit-taking as we get near the end of
the quarter and people want to lock in
some of their profits," said Merrill Lynch analyst Donato Eassey.

Ed Tirello of Deutsche Banc Alex Brown said the decline was due in part to
investors viewing Enron as a
technology play, because of its online trading and broadband businesses.

Consequently Enron's stock was susceptible to weakness in the tech-heavy
Nasdaq market this month, which
appeared to have triggered selling by momentum investors, Tirello said.

Merrill Lynch's Eassey said Enron's stock might also have been hurt by an
article in the weekly Texas supplement
to the Wall Street Journal, which called into question the trading profits
reported by Enron and other big energy
marketers.

Eassey dismissed the article as "misleading" and said he retained a Buy
rating on Enron's stock with a 12
month-price target of $95.

"This is a stock that you've got to have in your core portfolio. Enron is
still one of the premier companies that you
can own in all of the market," he said.

However, investing in Enron was not without risks and amounted to betting on
the company's ability to execute
successfully on new technology opportunities, he added.

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


Ken - Michael will be talking with this reporter tomorrow but he'd be
grateful if you could make 10 minutes to be our Board Voice for this
important interview in the Wall Street Journal.  I know you are only
available today at 4:30 p.m. so i am waiting for a response.  Here is
the background on the interview.  Let me know if you have any concerns
or questions. Thank you in advance. -- Grace Trent

Holman Jenkins at The Journal is working on his column "Business World"
which will run next Wed on the editorial page.  He would like to capture
your view on why the merger is the right next step for Compaq and Compaq
shareholders.

Holman would like to present a Compaq rationale for the merger story and
his groundrules are to run "near word for word" the business case with a
working title of "Why this deal is the right next move for Compaq and
Compaq shareholders."  He will then weign-in as to whether he "buys
into" our rationale or not.  He is starting from a good/seemingly fair
mindset.  The reporter has a reputation for having strong personal
ethics and we have no reason to believe this will be a negative story.
In fact, Holman said that "he is inclined to think this was a move made
for all the right reasons but for some reason the street hasn't
understood."

Ken -  we need your help to underscore Michael's tenure, track record
and ability to get the integration done; all-the-while  being careful
that we don't paint a picture of Compaq's future that leaves the reader
with a sense of concern if the merger is unsuccessful.  We know there is
a risk of the headline being  "the end of an era" or worse, the end of a
great brand."  But instead of the end, it is actually the beginning of
something great -- a better, strong company -- and as Carly said in the
Houston Chronicle last week, "While Compaq will not be the
enterprise-wide brand for very pragmatic reasons, it does not mean the
end of the Compaq brand."
Holman's Takeaway:
While we won't make this a point by point on the new HP Compaq vs. IBM
it is likely that his takeaway is that this deal is about creating a
viable alternative to IBM and why that is a good thing for the industry,
the customer and our global competitiveness.
Lastly, chemistry is important with Holman and this will be more of a
conversation that an interview. There could be issues that come up that
you'd like him to understand but won't want attributed to a Compaq
spokesperson. In that case, they should feel free to let him know you'd
like to share your thinking but would like to do so off-the-record.
I am specifically referring to the EU and regulatory landscape which
he'll have to ask about and we'll obviously want the public record to
reflect a somewhat humble comment about both companies commitment to go
through the entire process and address any concerns they may have.

Grace Chen Trent - Executive Director
Office of the Chairman & CEO
Compaq Computer Corporation
20555 SH 249 - MS110802
Houston, Texas 77070-2698
281-518-9460  work
281-518-9882 fax

Grace Chen Trent - Executive Director
Office of the Chairman & CEO
Compaq Computer Corporation
20555 SH 249 - MS110802
Houston, Texas 77070-2698
281-518-9460  work
281-518-9882 fax


---------------------- Forwarded by Chris Germany/HOU/ECT on 12/31/99 01:18
PM ---------------------------
From: Dave Nommensen on 12/30/99 04:29 PM
To: Beverly Beaty/HOU/ECT@ECT
cc: Gary L Payne/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Anita K
Patton/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Diane E Niestrath/HOU/ECT@ECT
Subject: Re: TRANSCO PROPRIETARY FILE

I think we can change the ranks pretty easily.  As far as the business party
Ids go, I think we need to have you, Diane and the Transco rep (Bharati?)
discuss what needs to come across in the proprietary file.  Transco was
making some changes on their side for the BUG stuff that we may not be taking
advantage of.  We will see how the CES stuff fits in there as well.

Thanks, d.n.

	From:  Beverly Beaty                           12/30/99 01:48 PM

To: Dave Nommensen/HOU/ECT@ECT
cc: Gary L Payne/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Anita K
Patton/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
Subject: TRANSCO PROPRIETARY FILE

Dave,

As we discussed over the telephone, we will have a problem with the CES
contracts as well
as the one we have with Brooklyn Union.  Our proprietary file contacts the
business party id, rather
than the DUNS number.  Currently, all of our activities default to Enron's
business party id.  These
are the valid business parties we use:

ENA    5304
Brooklyn Union   21995
Columbia Energy Services 5092
Columbia Energy Marketing 7772

As we become agents for other parties, which CES is agent for various
producers, we will
need to include their business parties as well.  For now, this is all we
need.  In the meantime,
should I code the activities CES has already nominated that I will insert
into Unify as do not
send??

Also, another continuing problem is the 899 default ranking.  We spend a
great deal of time
overriding this rank to 850 as a default and use 899 as the swing activity to
be cut as we need
it.  Is there a way to default to 850 so we only have to change the one swing
activity to 899??

Thanks for you help.

Beverly
3-6357


Announcing the Formation of One Corporate Equity Investing Unit

To better develop and manage equity investment opportunities related to our
core businesses, Enron has formed one corporate equity investment unit.  This
new unit, Enron Principal Investments, will combine the existing investment
units of ENA, EBS and Enron Investment Partners.  The strategy of Enron
Principal Investments will be to work with the all the business units across
Enron to identify, execute, and manage equity investments, which leverage the
unique and proprietary knowledge of Enron.   These investments may be in the
form of venture capital, LBO's, traditional private equity and distressed
debt positions.

Kevin Garland will serve as Managing Director, overseeing all activities of
Enron Principal Investments.  Michael Miller and Gene Humphrey will both join
Enron Principal Investments as senior investment professionals in the group.
Additionally, many other legacy investment positions existing in Enron will
be transferred to Enron Principal Investments.  Richard Lydecker will
continue to manage these legacy investments.

This new investment unit will report to Greg Whalley, in his capacity as an
Enron Policy Committee member.  Please join me in congratulating and
supporting Kevin, Michael, Gene, Richard and the other members of this group
in this effort.

Jeff Skilling


Mark

 FYI, as discussed.  Thought the agreement, which allows a client to trade
straight into our LIFFE account using a LIFFE Connect terminal, might be of
interest to Justin too.  Regards

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 12/12/2000 18:53
---------------------------

Paul Simons
12/12/2000 15:01
Sent by: Nina Edmonds
To: Paul Sentance/LON/ECT@ECT
cc:

Subject: Armajaro

Please see attached.


--------------------------vince kaminski

-----Original Message-----
From: Lin, Martin <Martin.Lin@ENRON.com>
To: Kaminski, Vince J <Vince.J.Kaminski@ENRON.com>
CC: 'vkaminski@aol.com' <vkaminski@aol.com>; Cunningham, Lance <Lance.Cunningham@ENRON.com>
Sent: Fri Oct 19 17:36:33 2001
Subject: Comments of Wolak

Wolak makes some good points.  In ERCOT, Enron is in support of nodal pricing.  I would not go so far as to say we are pushing for PJM's implementation, however, but for a market with nodal prices (and unilateral bids - aka unbalanced schedules, congestion reflect by price differentials, etc).  I was unaware PJM had such great power to alter bids.  This is something we don't want, and something for which I am not aware we have advocated.  Perhaps in Enron's promotion of locational prices, it has been retold as PJM-style locational prices.  Given that PJM is the most commonly cited example of locational prices, it does not surprise me to have the sloppiness in discussions that could lead to the rumors.

Martin

	 -----Original Message-----
	From: 	Kaminski, Vince J
	Sent:	Friday, October 19, 2001 4:35 PM
	To:	Lin, Martin
	Cc:	'vkaminski@aol.com'
	Subject:	FW:

	Martin, Lance

	What do you think?

	Vince

	 -----Original Message-----
	From: 	"Frank A. Wolak" <wolak@zia.Stanford.EDU>@ENRON
	Sent:	Friday, October 19, 2001 4:28 PM
	To:	Kaminski, Vince J
	Subject:

	Vince,

	  I've been hearing rumors that Enron has decided to endorse
	the nodal pricing model as implemented in PJM.
	I just wanted to warn you that I'm not sure
	this is in Enron's long-term interest at all.  Let me explain
	why.  Feel free to give me a call if you'd like to talk
	more about this.

	  First, let me say that I firmly believe in locational pricing
	and specifically pricing congestion.  However, the way that PJM
	implements nodal pricing is to eliminate as much price volatility
	and reduce the transparency of the market.  Specifically, the
	PJM tariff gives the ISO the ability to mitigate to cost plus a
	%10 adder the bids of any market participant that the ISO deems
	is out of merit in one of the three zones in region.  (The fact
	that a nodal market is talking about zones should give you cause for alarm.)
	Then the ISO takes this mitigated bid and re-runs its price-setting
	software to compute new nodal prices.  The way I have (somewhat
	unfairly) decribed this price-setting process is that the
	PJM ISO decides what prices it would like
	for a given day and mitigates bids until it gets them.  This is not
	a transparent market, nor one where it makes any sense to buy
	the risk management services that Enron provides.  The
	only price volatility you have to worry about in the PJM market is
	that kind that comes about if they need imports into their control area
	to meet demand.  Under these circumstances, you need to pay the
	imports whatever is necessary to get them to come to your market.

	  However, bear in mind FERC's desire to make a large RTO on the
	East Coast.  This will effectively mean little imports
	to the East Coast RTO, so all bids can be mitigated at
	the discretion of the ISO.  Paying market-clearing prices to cost-of-service
	mitigated bids is just paying too much to eliminate price volatility.
	It effectively kills off the development of risk management at
	the wholesale and retail level.  Power marketing becomes much less
	profitable because retailers know you can always buy at cost-mitigated
	prices.

	  In short, the PJM model is not market.  It is just an alternative
	form of regulation that is politically attractive because it reduces
	price volatility, but it is not good for consumers or traders because they just
	get a higher cost form of regulation than traditional cost-of-service
	regulation. You pay market-clearing prices to cost-of-service
	mitigated bids, but under regulation you could just pay cost-of-service
	prices and eliminate the infra-marginal profits to low cost generators.

	  As we discussed during our dinner, I think the two biggest sources
	of benefits from re-structuring will come from getting the demand-side
	involved in the market and from more efficient risk management.  A
	necessary condition for both of these to occur is prices that reflect
	actual conditions in the market (including the extent of market power
	exercised).  Masking these signals dulls any incentive for market
	participants to make the investment necessary to management.  The PJM
	model is just way to have a market in name without achieving any
	significant benefits to consumers or energy traders.

	Frank


Karen Jones at Enron in Portland drafted the attached.   We wanted your
review and comments, especially with respect to how we treat the concept of
the "merger" of the Agent and Purchaser in the agreements once they are out
of the Enron financing vehicle. The same considerations apply to what is
commonly known as the "Blue Dog" turbine, also.

Mike - this is what I left the voice mail about yesterday.  Let me know if
you'll have a chance to talk later today.  Steve is in Houston at Enron
today, so we can get him on the call, also.

Thanks so much,

Rose

713-345-7726;
cell - 713-303-4076
roseann.engeldorf@enron.com


Ben, its all been moved to one sheet and is available in the naes directory
as well. It's password protected so just view at it read-only. If you see
anything that needs to change let me know. By the way, when you open it up
sometimes it can look kind of psychadelic - just zoom in or out and it fixes
itself. Thanks.

Ryan


Sara,

I do know that we just spoke today, however, I failed to bring an important
issue up in our conversation. It is a priority of ours to allow Amerada Hess
Corporation to trade on Enron On-Line. I know that this would be possible if
we execute the ISDA.  Therefore, can you give me a call so we can discuss an
approximate date for execution or some other way that Amerada Hess
Corporation could begin to trade on Enron On-Line.

Thanks,

Dana M. Dellacona
1185 Avenue of the Americas
NY, NY 10036
Ph:212.536.8133
Fx:917.342.8810
ddellacona@hess.com

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, February 06, 2001 7:11 PM
To: ddellacona@Hess.com
Subject: Hess-Enron ISDA Agreement(s)

Dana:

Mark Taylor asked that I look into this for you.  Please give me a call
and/or send me an email.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/06/2001 06:02 PM -----

                    Mark Taylor

                                         To:     Sara Shackleton/HOU/ECT@ECT

                    02/06/2001           cc:

                    05:51 PM             Subject:     Hess-Enron ISDA
Agreement(s)

----- Forwarded by Mark Taylor/HOU/ECT on 02/06/2001 05:50 PM -----

                    "Dellacona,

                    Dana                 To:     "'mark.taylor@enron.com'"
<mark.taylor@enron.com>
                    (Commodities         cc:

                    - NY)"               Subject:     Hess-Enron ISDA
Agreement(s)
                    <ddellacona@H

                    ess.com>

                    01/26/2001

                    11:11 AM

Mark,

I would like to contact you in order to follow up to your conversation of
last week with Mr. Chuck Cerria regarding executing an ISDA between
numerous
Hess entities and numerous Enron entities.  Unfortunately, I do not have
your phone number.  Could you either call me or e mail it to me?

Thanks so much,

Dana Dellacona
212-536-8133


GTV status meeting attendees:  Dave Nommensen, Francis Lim, Jeremy Wong, Bill Fortney, Nayan Dattani, Russ Severson, Narasim Kasaru, Mike Swaim, Chuck Ames, Geoff Storey

Accomplishments:

?	Incorporating physcial deal positions in TDS:
o	Changes for the view aggregation have been completed (please see the attached project timeline).
o	Provided Group of Groups and filters for Cash Position tab.

?	Single point of deal entry for term deals:
o	Single point of deal entry is in user test.

?	Gas Daily deals:
o	Changes to PortCalc application to create GDI calc in ERMS are in user testing.

?	Live feeds for Gas Daily/intra-month curves:
o	Development of live feeds has been completed, tested, user-approved and already in production.

?	Option Grid (phase 2):
o	Conversion from Motif into Powerbuilder is completed and in user test.

?	Gas Daily options:
o	Changes to PortCalc application have been completed and are in user test.

Plans for the week ending 5/11/01:

?	Continue IT development of Phase I items.
o	Exclude cash deals outside of prompt day(s)
o	Need to include first month of "N" in both IDX and Cash positions.
o	GDI PortCalc needs to use Pice + Basis after "M" is published.
o	Deal Entry corrections being made for mapping Rate Index to Pub Code.
o	Include Cash Position Total column on Position Manager tab

?	Continue IT development of Phase 2 issues.

Issues / Open Items:

?	How to determine Fixed Price Total in Cash Position.
?	Extent of programming revisions and user testing could cause user acceptance to occur after May bid week, thus delaying rollout until mid-June.

Thanks, Dave N.


Brent will be in a little late today.


This looks pretty administrative. Are we required to send this to the banks?
If so please proceed, Christian.

Gabriela Aguilar
01/05/2001 06:55 AM
To: Rob G Gay/NA/Enron@Enron
cc:

Subject: Re: Yabog Amendment - Letter to SIRESE

Rob,
I want to fax you the letter mentioned down below. Could you give me your fax
number ?
Thanks, gaby

---------------------- Forwarded by Gabriela Aguilar/SA/Enron on 01/05/2001
09:55 AM ---------------------------

Richard A Lammers
01/04/2001 03:52 PM
To: Gabriela Aguilar/SA/Enron@Enron
cc: Federico Cerisoli/SA/Enron@Enron, dlefler@velaw.com, Christiaan
Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob G Gay/NA/Enron@Enron
Subject: Re: Yabog Amendment - Letter to SIRESE

this looks fine to me. Please sure that Christiaan,Rob  and I receive final
copies for forwarding to the banks

Gabriela Aguilar
01/04/2001 02:10 PM
To: Federico Cerisoli/SA/Enron@Enron, dlefler@velaw.com, Richard A
Lammers/SA/Enron@Enron
cc:
Subject: Yabog Amendment - Letter to SIRESE

Find attached the english version of the letter (in spanish) that Transredes
sent to SIRESE. 99% of the letter sent to SIRESE reflects Dean%s draft.
Transredes only made slight changes.

Now we are waiting for SIRESE%s confirmation to the meeting.

 - Carta SIRESE-RespuestaTBStrd.doc

Regards,
gaby


Cilco needs to be pathed the following way on a withdrawl day or month
   The pathing that was done for December 1999 and January 2000 worked.

Source
Path
                             Destination

012-27049-05-001/Stg/F                                       012-27049-05-001
Firm Storage                                                   External
Bammel - Meter 56l
Storage
Account

               Meter 56 must be attached to this pool

External Bammel  - Meter 56                             012-27049-02-001
Transport
012-27049-02-001/Transport/I/1/E
Meter 56 must be
attached

Transport Imbalance

The HPLC transport in or out of storage should be pathed as follows

INJECTION

Source
Path
                            Destination

012-41500-02-015/Transport/I/1/E
012-41500-02-015
                 External Bammel  - Meter 57
Transport
Imbalance

      Meter 57 must be attached to this pool

WITHDRAWL

External Bammel  - Meter 57
012-41500-02-015
                  012-41500-02-015/Transport/I/1/E
Meter 57 must be attached to this
pool
                                             Transport Imbalance


I spoke with Jason Griffith with AEP this evening, and I want to clarify my
previous e-mail message.  The operation/business issues that we have at the
Gilmer tower are under control.  The tower has problems with its lighting
system, and it does not have its FAA license posted.  As lessee, HPL did not
want to be exposed to the potential fines that the FAA/FCC could levy against
the tower owner.

This tower supports one person, and is not a part of our critical data path.
My concern and reason for sending the prior e-mail revolved around the FCC
licenses associated with the HPL owned equipment on this tower.  My knowledge
about FCC licenses is minimal, and I wanted to ensure that removing the
equipment from this tower would not jeopardize the transfer of the licences
from Enron to AEP.  It is my understanding that the current operational
situation at the Gilmer tower will not effect the transfer of the licences
that are specific to this tower.  Please let me know if this is not the
case.  Feel free to call me if you have any questions.

Sincerely,

Cheryl Marshall
cheryl.marshall@enron.com
713.853.6250


Hey Walter,  Thanks for stopping and leaving the note.  I'm glad I got to know you at the happy hours.  We will have to schedule another Gallant Knight evening sometime soon.  Good luck to you as well.  Take care.


EB3224b

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: EB Location

Chris,

I need to get your EB location so that I can forward the owner's manual to
you for your drill.

Also, I need to get my house key back from you if you still have it.

Thanks!  md


El Paso is planning on giving the 238,000mmbtus back to HPL at Moss Bluff.
This is scheduled to start on Thursday Oct. 26th.  El Paso still has not
indicated
the daily volume yet.  More details will follow.   Thanks,  Pat


Chris, that is correct.
See you then
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/18/2000
02:05 PM ---------------------------

Christopher F Calger
08/18/2000 01:28 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: QBR

Dave,

I am down for 9:00 AM for a couple of hours on Tuesday.  I am assuming that
this includes my senior team (Parquet, Mcdonald, Vickers, Thomas).  I am
correct?

Regards,

Chris

PS - I spoke with Tim and we will be ready to price energy and ancilleries
with respect to SDG&E.  I will work with Steffes on timing, pr and SDG&E
strategy.  Sorry I sounded negative, but I was voicing Tim's concern as
well.  Our risk is significant; we just dont want to make it worse.


I'm sorry if I confused you with my e-mail last night, but I think I might
finally have the futures figured out. Now, instead of one deal number with no
counterparty name, we now have two deal numbers, two counterparties, and the
correct number of MW in each. Imagine that! Here is the updated information:

467455
10 MW
175.00
Palo Verde
Southern Company Energy Marketing
Mark Watson

469098
50 MW
175.00
Palo Verde
Sempra Energy Trading
Chris Bennett

I hope this makes more sense; please let me know if there's anything else I
can do.

Thanks,
Kate


Yes

	"Pfister, Christian W." <CWPfister@cps-satx.com>
	01/30/2001 09:33 AM

		 To: "'Dan.J.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		 cc:
		 Subject: RE: Enfolio Contract with CPS

As far as providing the purchase order number, should we send that to P. O.
Box 4428, Attn:  Client Services since it won't be on the contract?

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Tuesday, January 30, 2001 9:17 AM
To: CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject: RE: Enfolio Contract with CPS

Christian,
     Please forward the contracts to me.  My address is P. O. Box 1188,
Houston, Texas 77251-1188.  My physical address is Suite 3878, 1400 Smith
Street, Houston, Texas 77002.

                    "Pfister,

                    Christian W."         To:     "'Dan.J.Hyvl@enron.com'"

                    <CWPfister@cps        <Dan.J.Hyvl@enron.com>

                    -satx.com>            cc:

                                          Subject:     RE: Enfolio Contract
with CPS
                    01/30/2001

                    09:08 AM

Is Janet Wallis' address P. O. Box 4428, Houston, TX 77210-4428?  Could you
also provide her physical address in the event we send the agreements by
courier?  Thanks!

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, January 12, 2001 9:47 AM
To: CWPfister@cps-satx.com
Subject: Enfolio Contract with CPS

Christian,
     I spoke with Janet Wallis this morning and she said she was fine with
the redlined changes.  Accordingly, please print 2 originals of the
contract, have it signed and forward both signed contracts to Janet Wallis
for ENA's signature.
----- Forwarded by Dan J Hyvl/HOU/ECT on 01/12/2001 09:45 AM -----

                    Dan J Hyvl

                                         To:     "Pfister, Christian W."

                    01/09/2001           <CWPfister@cps-satx.com>@ENRON

                    11:11 AM             cc:     Janet H
Wallis/HOU/ECT@ECT,
James I
                                         Ducote/HOU/ECT@ECT

                                         Subject:     Enfolio Contract with
CPS(Document
                                         link: Dan J Hyvl)

Christian,
     The below documents has been modified in the manner that you
suggested.  Please make sure that the Purchase Order Number is communicated
to all parties in writing prior to the end of the month if it is to be
used.  The red line should reflect  the changes that you have  been
requesting.  By copy I am requesting Janet Wallis to review the suggested
changes and to communicate directly with you if she approves such changes.
If she notifies you that the changes are okay, then you may print 2
originals of the clean document and have it signed by CPS and forward to
Janet for signature by ENA.  Do not hesitate to call if you have any
questions.   My phone number is (713) 853-6895.

(See attached file: 2001-001ctr.doc)(See attached file: CPS red line 2.doc)


We agree with the Nominated totals.

"Eileen Ponton" <kponton@duke-energy.com> on 03/12/2001 09:22:50 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM,
LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOMS / ACTUAL FLOW FOR 03/09 THRU 3/11/01

DATE      NOM       FLOW - MCF           FLOW - MMBTU

3/09      30,000         29,998               30,798

3/10      30,000         29,995               30,805

3/11      0         0              0

BTU = 1.027


Already sent this to Rick.

Mark
----- Forwarded by Mark Palmer/Corp/Enron on 11/14/2000 01:12 PM -----

	John Ambler@ENRON_DEVELOPMENT
	11/14/2000 11:21 AM

		 To: Price.Ambler@us.cibc.com (Price Ambler), Mark Palmer@ENRON
		 cc:
		 Subject: FW: Info

You may enjoy the attached Florida Ballot.
---------------------- Forwarded by John Ambler/ENRON_DEVELOPMENT on
11/14/2000 11:20 AM ---------------------------

Ruth A Lancaster@ENRON
11/14/2000 09:22 AM
To: BCC
cc:  (bcc: John Ambler/ENRON_DEVELOPMENT)

Subject: FW: Info

It just keeps getting better. This is a classic...

 <<ballotw1_.doc>>

 - ballotw1_.doc


IVOLUNTEERI
The Bring Your Child To Work Day is shaping up to be a huge success.  Some
very special kids for KIPP would like to be a part of this day,  too.  Please
volunteer four hours of your time to show these kids a new world - Enron.
Click here for all the details http://home.enron.com/cr/ .

IHAPPENINGSI
Have you signed your child up for Bring Your Child to work day?  Well, it's
not too late.  Click here for registration information and take a look at the
agenda of scheduled events http://home.enron.com/cr/.

Enron Investment Partners and the Minority & Women Development Vendor
showcase.  EIP and the WMBD group have invited six companies to demonstrate
their products and services to the Enron community.  June 1st in the Enron
Lobby from 11:00 a.m. -1:30 p.m.

ISAVE THE DATEI
June 9-10 - Volunteer at HOOP IT UP benefitting ESCAPE Family Resource
Center.  Details coming next week!
June 20 & 21- Prostate and Testicular Cancer Screening.  Call the Health
Center at 713-853-6100 to schedule an appointment.


Doug,
Nice talking to you this morning. Let's keep in  touch.
Regards
Jim S. Jehovics, CSAM
Senior Consultant
Albrecht &  Associates
10700 Richmond Avenue, Suite 217
Houston, TX   77042
713-784-7444 x126
FAX 713-784-5049jsj@albrecht-assoc.com www.albrecht-assoc.com


---------------------- Forwarded by Kay Mann/Corp/Enron on 09/01/2000 10:26
AM ---------------------------

Tom Chapman@ECT
09/01/2000 10:13 AM
To: Kay Mann/Corp/Enron@Enron, Heather Kroll/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Jeffrey Keenan/HOU/ECT@ECT, aduncan@kilstock.com, Tom
Chapman/HOU/ECT@ECT
cc:

Subject: Conference Call this afternoon

Kay-- If I am stealing your thunder, I apologize.

I have scheduled the Conference Call for 1:30pm.  I expect that it will take
about an hour.

We are primarily discussing issues regarding our amendments to the
application.  Specifically, we want to confirm an amendment regarding the
layout of the plant.  Second, we want to confirm the LLC, and its appropriate
papers. Third, we want to talk generally about the Wednesday Conference Call
with the public staff and establish a game plan for handling possible
problems.

The Enron site will be the 48th floor at 48C2.  The Conference Call number
is: 1-800-998-2462.  The Pincode is 4579474.

If you have any questions. Let me know.

Thank you.

Tom Chapman


Done - take a look.

Gloria G Barkowsky
01/12/2000 07:05 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: CNG/Sabine 12/99

Deal #99663 - Thanks - gb

Chris Germany
01/12/2000 06:58 PM
To: Gloria G Barkowsky/HOU/ECT@ECT
cc:
Subject: CNG/Sabine 12/99

Email works good.  Do you know which deal I should put that on?
---------------------- Forwarded by Chris Germany/HOU/ECT on 01/12/2000 06:57
PM ---------------------------

Gloria G Barkowsky
01/12/2000 04:27 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: CNG/Sabine 12/99

Hi!  Remember last month changing the rate in sitara so the
discounts could be taken....well, I need it done for 12/99 now.
The total volumes for CNG/Sabine for 12/99 are
7,676,198 and we should be paying $13,298.60 for at rate of .00172794.
Let me know if you need more information, or copies, or whatever.  And
does emailing this work ok, or what would work best to update this every
month?  Let me know.  Thanks, Gloria.  How are you?


Done

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Tuesday, June 26, 2001 4:34 PM
To:	Taylor, Joey
Subject:	FW: EOL trade

Joey,

Check this one out for me.  Make the change if we haven't already done so.

Thanks,

EM

 -----Original Message-----
From: 	Mulvany, Patrick
Sent:	Tuesday, June 26, 2001 1:54 PM
To:	McLaughlin Jr., Errol
Cc:	Blay, Jennifer; Hunter, Larry Joe
Subject:	EOL trade

Errol,

Deal V92728.1, was traded on 5/11/01 by John Arnold through EOL.  The Counterparty, which is Bank of America, claims that John has agreed to change the terms of the deal from nymex vs. gas daily henry hub to fixed for float nymex.  Could you verify that with John so that can I make the corrections to the confirmation.

Thank you,

Patrick


TWanda, I assume that you have these saved somewhere?  If not, would you?
Thanks.  Michelle
---------------------- Forwarded by Michelle Cash/HOU/ECT on 08/04/2000 09:30
AM ---------------------------

Fernando de Ovando <fdo@domc.com.mx> on 07/13/2000 02:25:19 PM
To: "'Legal.Temp.6@enron.com'" <Legal.Temp.6@enron.com>
cc: "'Michelle.Cash@enron.com'" <Michelle.Cash@enron.com>, "'er@domc.com.mx'"
<er@domc.com.mx>
Subject: FW: Amended Mexican Employment Contracts - Executive and
Non-Executive

On behalf of Fernando de Ovando, please find attached the Spanish versions of
the agreements with the amendments made by
Michelle.
Please do not hesitate to contact me if you need any further clarification
on these issues.
Edna

-----Original Message-----
From: Legal Temp 6 <Legal.Temp.6@enron.com>
To: domc@domc.com.mx <domc@domc.com.mx>
Cc: Michelle Cash <Michelle.Cash@enron.com>
Date: Tuesday, July 11, 2000 10:20 AM
Subject: Amended Mexican Employment Contracts - Executive and Non-Executive

>
>Dear Mr de Ovando
>
>I am presently assisting Ms Michelle Cash on the above project. Michelle
has
>made some minor amendments to the Agreements and I attach tracked versions
of
>the same.
>
>I would be grateful if you would arrange for translations.  I trust that
you do
>have the latest versions of these Agreements on file, and will simply
arrange
>for the amendments to be translated.
>
>Please don't hesitate to contact me if you need any further clarification
on
>these issues.
>
>(See attached file: 3517mhcRED.doc)           (See attached file:
>3518REDmhc.doc)
>
>
>

 - 2s Ejecutivo indefinido.doc
 - 4s  Noejecutivo indefinido.doc
 - 3517mhcRED.doc
 - 3518REDmhc.doc


Please join me for a floor meeting on June 14, at 2:00pm for an open discussion with Dave Delainey, Chairman and CEO of EES.

The meeting will take place on the 41st floor by the Fax Center.

I look forward to seeing you on June 14.

Danny


Mark,
Thanks for your reply concerning ancillary service procurement.    I was wondering if Ercot had made a decision on OOM capacity payments.
Our position is that our custmers,  ie.   Teco/Frontera   should recover at least their O&M expenses for the capacity,  as they are standing by awaiting instruction.

Has there been any progress in this subject?

JForney


Attached, please find Dan Walters' column from today's Sacramento Bee.

http://www.capitolalert.com/voices/walters/walters.aug30-00.html


These are expected volumes they are still in the test phase.  The operations contract that will permit TW to operate
the facility as of today has not been signed by Citizens.  Until further notice Citizens will still operate.

Thanks DS

 -----Original Message-----
From: 	"Al J Reiter" <ajreiter@duke-energy.com>@ENRON [mailto:IMCEANOTES-+22Al+20J+20Reiter+22+20+3Cajreiter+40duke-energy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, July 18, 2001 5:05 PM
To:	blreese@duke-energy.com; dacluff@duke-energy.com; dtedesco@duke-energy.com; Darren Stephens; jmtaggart@duke-energy.com; James Stebbins; kglenny@duke-energy.com; Kim White; mschneider@duke-energy.com; PEC'S%DUKEPOWER@duke-energy.com; rjnewson@duke-energy.com; Steven Fliflet; dlsmith@pplweb.com; Mulligan, Amy; Steven Fliflet; jpritchard@citlink.net; David P Pell; jjbischoff@pplweb.com; Beck Mayberry; rspear@pplmt.com; tedmayes@aol.com; Tom Carlson; Michael Wells; wralkema@pplmt.com; MaryAnne Schneider; dbowers; mschneider@duke-energy.com; Todd Hendricks; Sherry Davis; George X Ouzounian; Michael Kerr; Tyler J Kristensen; Christopher S Smart; Allen K Nielsen; Ted Romo; Schoolcraft, Darrell
Subject:	Friday and weekend update - gas needs

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To help accomplish our business goals, the following management appointments
are effective immediately:

Tod Lindholm, previously Managing Director - Chief Accounting Officer for
EBS, will move to Corporate as Managing Director and assume responsibility
for Business Risk Management, IT Compliance as well as working on a number of
special assignments for Rick Causey, Executive Vice President - Chief
Accounting Officer for Enron Corp.

John Echols, currently Managing Director - Risk Systems Development for EBS
will assume responsibility for accounting and administration for EBS  as well
as his current responsibilities and will report to the Office of the Chairman
for EBS.

Everett Plante, currently Vice President - Chief Information Officer for EBS
will now  report directly to the Office of the Chairman for EBS.