Please advise when you guys are ready for the back-to-back.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 07/28/99 09:01
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Patricia Cini                           07/27/99 06:10 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Swap Puerto

FYI-

---------------------- Forwarded by Patricia Cini/HOU/ECT on 07/27/99 06:09
PM ---------------------------
From: "Julian Poole/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL on
07/27/99 11:10 PM
To: Patricia Cini@ECT
cc: "Pablo Acevedo/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL
Subject: Re: Swap Puerto

Pat,
The swap is currently in ECT's books. We are working to see how we can get
into our books, probably by entering into a swap between EI and ECT.

Julian
---------------------- Forwarded by Julian Poole/ENRON_DEVELOPMENT on
27/07/99 19:05 ---------------------------

Pablo Acevedo
28/07/99 01:05

To:   Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject:  Re: Swap Puerto

Julian,
Tenemos algo al respecto?
---------------------- Forwarded by Pablo Acevedo/ENRON_DEVELOPMENT on
07/27/99 06:05 PM ---------------------------

From: "Patricia Cini/HOU/ECT" AT ECT@ccMail on 07/27/99 03:57 PM GDT

To:   Pablo Acevedo/ENRON_DEVELOPMENT
cc:

Subject:  Re: Swap Puerto

Pablo-

Do you have a book set up for financial transactions yet?

Regards,

Pat

From: "Pablo Acevedo/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL on
07/27/99 08:07 PM

To:   Patricia Cini@ECT
cc:
Subject:  Swap Puerto

Pat,

Just heard that Scott Neal, from ECT, was envolved in the closing of the Swap
transaction with Puerto.

Regards,

Pablo


Glad to help--concocting market based rates for storage facilities that
probably don't deserve them is one of the few things I know how to do.  DF

Shelley Corman
04/20/2000 12:32 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Market-Based Storage

ENA is pursuing a gas storage project.  One assumption of their project
development is the ability to attain market-based pricing for the facility.
Tom Shelton called  looking for a primer on how to apply for market-based
rates.   I gave him the 10,000 ft story of how any regulated entity can apply
for market-based rates under the Alternatives to Traditional Ratemaking
policy statement, but that to date only storage facilities have been
successful in willing market-based rate treatment.  I think his client is
looking for more of a procedural look at what needs to be done.  Do you care
if I send  them  a copy of the market-based storage testimony from the last
NNG rate case?    Sorry, but I mentioned that you forged market based storage
services for Market Hub Partners in your former life.  So, don't be surprised
if you hear from Tom Shelton or his client John Allario.


I had to make one more change to the sept. schedule.  It only effects bert, linder, merriss and anderson.  Please check it soon

bert


Hi again,

I'm going to have some tweaks on the letter agreement, but please go ahead
and distribute to Delta for their review.

Thanks,

Kay


Don't know.

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Tuesday, October 30, 2001 1:49 PM
To:	Hayslett, Rod
Subject:

We don't need you yet, but I'll page you when we do.  Thanks.  By the way, do you know what the "emergency meeting" is about that I've been invited to at 3:00 by Lance Schuler?  DF


Did you have a good work out?  I enjoyed watching Soap Operas while the Vietnamese ladies worked on my hands and feet.
I really miss you.

Love you,

Tracy


FYI - information for limit extension approval of board - general context for
previous Continental Power discussions.

Clearly we have 'summarised' issues where possible.

Call if you need any details

Mike
---------------------- Forwarded by Mike Jordan/LON/ECT on 25/07/2000 20:39
---------------------------

James New
25/07/2000 19:12
To: Markus Urban/LON/ECT@ECT, Joe Gold/LON/ECT@ECT
cc: Mike Jordan/LON/ECT@ECT, Gregor Baumerich/LON/ECT@ECT, Paul
Mead/LON/ECT@ECT

Subject: Middlo Office slide for Board Presentation - version 2

second iteration with a couple of minor changes !

---------------------- Forwarded by James New/LON/ECT on 25/07/2000 19:12
---------------------------

James New
25/07/2000 19:02
To: Markus Urban/LON/ECT@ECT, Joe Gold/LON/ECT@ECT
cc: Mike Jordan/LON/ECT@ECT, Gregor Baumerich/LON/ECT@ECT, Paul
Mead/LON/ECT@ECT

Subject: Middlo Office slide for Board Presentation

Joe / Markus,

Attached is the Middle Office slide which outlines our planned initiatives to
support the Continental Power business as requested.

Please give me a call if you have any queries.

James


Sue - Would you please review the following report, and advise me of any updates on projects, or additional projects you may be working on.  I am preparing a November report for Jim Steffes, and would like to have complete and accurate information about the projects you are involved in.  Thank you very much for your help, Bryan

If you have any questions, please call me. 713-345-2430


California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


Isabel,

If you will email me your contact info, I will pass it along to GE.

Thanks,

Kay


Sure I can send it when I can.  But I can't send it until I can.


Paula,

I am interested in continuing Chris Germany's subscription.  Our billing information is as follows...CO# 0413, CC# 107456.
Please advise costs and billing schedule, once determined.

Thank you,
Heather Choate, CPS
Asst. to Ed McMichael
Enron North America
(713) 853-3278

 -----Original Message-----
From: 	Germany, Chris
Sent:	Wednesday, May 22, 2002 9:15 AM
To:	Choate, Heather
Subject:	FW: Reuter's Contract Negotiation
Importance:	High

I didn't know that I was a subscriber to begin with but I would like to use this if we can keep it.  I don't need it, its just a convenience for me.  Let me know if we can keep it..  Thanks

 -----Original Message-----
From: 	Corey, Paula
Sent:	Tuesday, May 21, 2002 3:36 PM
To:	Davidson, Binky; Vanderhorst, Barry; Constantine, Chris; Germany, Chris; Story, S. Craig; Coleman, David; Draper, David; Leboe, David; Sewell, Doug; Piper, Greg; Hewitt, Jess P.; Parks, Joe; Sarnowski, Julie; Kelly, Katherine L.; Kitagawa, Kyle; Shireman, Kristann; Valencia, Laura; Schlueter, Mark; Polsky, Phil; Rieker, Paula; Ryder, Patrick; Barbe, Robin; Barbe, Robin; Cady, Rachel; Plauche, Stephen; Wells, Tori L.; Mathias, Vridhay; Harrell, Willie; Hicks, W. Wade
Cc:	Dopson, LaMetrice; Harrington, Stephen; Parsons, Andrew; Hughes, Evan
Subject:	Reuter's Contract Negotiation
Importance:	High

You have been identified as a current subscriber to our Reuter's Cobra or I-Finance Market Data. We are currently in the process of re-negotiating these licenses. Please respond no later than Tuesday, May 28th with your Co# and RC. Future ongoing services will be allocated to the appropriate cost centers.
This information will allow us to negotiate in an informed manner. Individual costs will be determined at the time we have gathered all subscriber details.

I appreciate your assistance with this effort.

Paula Corey
Sr. Contracts Manager
713.853.9948


Start Date: 4/11/01; HourAhead hour: 12;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041112.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: NFRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_BERT
  ENGY_TYPE: NFRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 12 / Preferred:   2.30 / Final:   2.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI


That is fine

 -----Original Message-----
From: 	Rangel, Ina
Sent:	Wednesday, May 16, 2001 2:50 PM
To:	Shively, Hunter S.; Allen, Phillip K.; Neal, Scott; Martin, Thomas A.; Vickers, Frank; Tycholiz, Barry; Lagrasta, Fred
Subject:	Friday 5/25/01

Deskheads:

I would like to have a 2 hour team building session for the assistants, receptionists, and clerks on Friday 5/25/01.  The only thing that will be charged to your cost center is the cost of a lunch brought in for the administrative staff.

I know that the assistants usually are out of here between 12:30 to 1:30 being that this is a Friday before a holiday.   I would like to have the session start at 12:30 so that they can still be out of here by 2:30 that day.  This would require the phones being on solo pilot starting at 12:30.

Please respond with your approval, questions and/or comments as soon as time permits so I can set everything up this week.

Many thanks,
Ina Rangel


I think that ultimately I would feel OK about giving them #1 and #2 under the
circumstances, if these guys are really that concerned about these issues.  I
really don't think TW is ever going to breach its confidentiality
obligations.  I need to get Drew's clearance for Colorado law; I'll get back
to you.

Gerald Nemec@ECT
09/11/2000 07:17 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Confidentiality Agreement

Susan,  Tri-States comments.  I plan to give them Colorado law but to discuss
the other two with them.  Let me know your thoughts.

----- Forwarded by Gerald Nemec/HOU/ECT on 09/11/2000 07:14 PM -----

	"Nocera, Dave" <dnocera@tristategt.org>
	09/08/2000 10:41 AM

		 To: "'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>
		 cc: "Bates, Jere" <jbates@tristategt.org>, "Stribling, Richard"
<rstribling@tristategt.org>
		 Subject: Confidentiality Agreement

Gerald:

Jere Bates asked that I comment on your redline of the confidentiality
agreement that I helped draft.  My comments are as follows:

1. Regarding the strikeout in Section 2 of the language concerning the
obligations of Enron surviving termination, Tri-State is opposed to striking
this.  The information is not to be used at any time other than for the
purpose set forth in the agreement, and the fact that Enron may cease to
acquire new information should not relieve it of its obligation not to use
information it has previously received for unintended purposes. We believe
that language protects against that occurrence-and is consistent with the
language in the last sentence of Section 5 as well.

2. Regarding Section 6, Tri-State is opposed to waiving consequential,
punitive or exemplary damages because in our view, it is likely that many
damages Tri-State would suffer as a result of a breach would not be direct
or ordinary, but rather consequential.  In addition, the right to recover
punitive or exemplary damages is needed in our view to protect against
blatant disregard for the terms of the agreement.  We also believe that we
should have three years to commence an action after termination.

3.  Regarding Section 7(b), we believe Colorado law is appropriate since
Tri-State is the party that would be bringing an action for breach and
should have the benefit of doing so in accordance with the laws it is
familiar with.

Please feel free to call or e-mail me or Jere with a response.  We are open
to discussing these points, but do feel very strongly that our position is
reasonable and appropriate.

Thanks,

Dave Nocera


[IMAGE]
[IMAGE][IMAGE][IMAGE]
Dear  SmartReminders Member,
       [IMAGE]         [IMAGE]        [IMAGE]     [IMAGE]    [IMAGE]    [IMAGE]        [IMAGE]      [IMAGE]

We respect  your privacy and are a Certified Participant of the BBBOnLine
 Privacy Program.  To be removed from future offers,click  here.
SmartReminders.com  is a permission based service. To unsubscribe click  here .


Anne,

You didn't write any message on your response, so I am not sure if you have a
futures trading account or not.  Is that why you responded to Mark's email?

	Mark Taylor
	06/22/2000 01:22 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

----- Forwarded by Mark Taylor/HOU/ECT on 06/22/2000 01:22 PM -----

	Ann Hicks@ENRON
	06/22/2000 09:41 AM

		 To: Anne Hicks/LON/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

----- Forwarded by Ann Hicks/NA/Enron on 06/22/2000 09:40 AM -----

	Mark Taylor
	Sent by: Enron Announcements
	06/21/2000 06:39 PM

		 To: All Enron Houston, Everyone_in_ECT_Calgary, Everyone_in_ECT_London,
Everyone_in_ECT_Portland, Everyone_in_ECT_New York, Everyone_in_ECT_Denver,
Everyone_in_ECT_Oslo, Everyone_in_ECT_Singapore, EI-Australia, Buenos Aires
Argentina - Office Staff, Buenos Aires Argentina - TGS Office Staff, Enron
Everyone_EOG_Denver, Enron Everyone_EOG_Calgary
		 cc:
		 Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any other
related commodity future(s) account either individually or acting with
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business Friday, June 30,
2000 if you have any power of attorney, control or have a financial interest
in any commodity futures account (other than an ENA or other trading
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


***Sent on behalf of Sandi Thompson***

To All California Power Exchange Participants:

Notice is hereby provided pursuant to Section 19.3.4 of the California Power
Exchange Tariff that the Attorney General for the State of California (AG), as
part of an ongoing investigation of California markets, has requested
information that may be confidential under Section 19.3.2 of the Tariff.
Such
information is detailed in the attached subpoena.  The California Power
Exchange
will provide such information no later than Wednesday, October 25, 2000.  If
you
desire to assert a claim of privilege or confidentiality pursuant to legal
authority, the California Power Exchange will include your written assertion
of
that claim together with its submittal to the AG, provided that it is timely
received.  Your written statement should be directed to the AG as follows:

     Bill Lockyer, Attorney General
     Attn:  Richard Rochman, Deputy Attorney General
     455 Golden Gate Avenue, Suite 11000
     San Francisco, CA  94102-7004

Please deliver your statement to the California Power Exchange as follows:

     Karen Koyano
     California Power Exchange
     1000 S. Fremont Avenue
     Unit 20
     Alhambra, CA  91801
     626.537.3173 facsimile

Any written statement must be received no later than Friday, October 20, 2000,
5:00 p.m. Pacific Daylight Time, to be included with any information delivered
to the AG.  You are also free to take any other legal action you may deem
appropriate in the circumstances of this inquiry.

Thank you.

(See attached file: calpxsubpoena1 AG 10-3-00.doc)           (See attached
file:
AG Confidentiality Ltr 10-13-00.doc)

 - calpxsubpoena1 AG 10-3-00.doc
 - AG Confidentiality Ltr 10-13-00.doc


Maria:

Can you provide me with a blackline of one of the confirms below marked
against the draft which Enron marked up and faxed to Steve on September 1,
2000?  The current format contains a number of changes and it would be easier
to review.  The directory on that document reads "Ext. ID[.]".  We want to
respond quickly, today being our goal.

Thanks.  Sara

	"Chiodi, Maria" <maria.chiodi@csfb.com>
	12/13/2000 05:02 PM

		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>,
"'clint.freeland@enron.com'" <clint.freeland@enron.com>
		 cc: "Haratunian, Stephen" <stephen.haratunian@csfb.com>, "Emerson, Michael"
<michael.emerson@csfb.com>, "Skinner, Mark" <mark.skinner@csfb.com>
		 Subject: Equity Forward Confirmations

Sara and Clint:

I attach a final draft of the equity forward confirmation for the two
outstanding equity forward transactions. We need to fill in the: (1) par
value of your stock in the definition of Shares in each of the attached that
appears on page 3 for the May 8, 2000 trade and on page 2 for the August 4
trade; and (2) date when the share repurchase program was publicly announced
that is page 16 of the May 8, 2000 transaction and on page 15 of the August
4, 2000 transaction.

If the attached is acceptable to you, please advise me of the above so that
we may prepare execution copies and finalize these confirmations.

Regards,

>  Maria Chiodi
>  Legal and Compliance Department
>  CREDIT | FIRST
>  SUISSE | BOSTON
>  Phone: 212-325-6724
>  Fax: 917-326-7763
>
>
 <<Fwd001213Trade2.doc>>  <<Fwd001213Trade1.doc>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
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views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - Fwd001213Trade2.doc
 - Fwd001213Trade1.doc


Michael:

I didn't receive a redraft of the confirm; did you?

We are checking on the ENE guaranty and will let you know.

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


Can whoever is working on the revised confirms for the referenced
counterparty let Doug know the status?  Thanks!
---------------------- Forwarded by Tana Jones/HOU/ECT on 01/20/2000 12:43 PM
---------------------------
From: Doug Paterson on 01/20/2000 11:40 AM MST
To: Shari Stack/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: BC Gas Utility

My friends at BC Gas now have the ISDA amendment.  Thanks.  What about the
revised confirms?


-----Original Message-----
From: chris.zook@socgen.co.uk [mailto:chris.zook@socgen.co.uk]
Sent: Monday, October 22, 2001 4:33 AM
To: nicbaia@uswestmail.net; bb1107@yahoo.com;
branaughm@TheDailyCamera.com; wconnors@rreef.com;
blaynecurtis@hotmail.com; usf_ceggleton@att.net.mx; eeverett@uwyo.edu;
aaron@gda-pr.com; marios.fotiadis@us.socgen.com;
jfritsche@fcgcapital.com; max.fulton@us.pwcglobal.com; Harrison, Tyrell;
zachary.hensley@valueoptions.com; ckinz@hotmail.com;
erkinzler@students.wisc.edu; Jeffrey.Kinzler@colorado.edu;
amerselis@hotmail.com; markmildenberger@hotmail.com; devlinm1@yahoo.com;
jruss@audaxgroup.com; scoffin1@yahoo.com; Andrew.Swedenborg@iesg.com;
Andrew.Swedenborg@iesg.com; ariana_uhlenhopp@hotmail.com;
Alex_Valente%sgcmse@socgen.co.uk; awiener@jrdmgt.com;
cyerich@solo9w57.com; kyle.stults@us.socgen.com
Subject: Bin Laden Bomb Song Animation

>Just a short animated clip to the tune of "The Bin Laden Bomb Song"!
>
>http://www.madblast.com/oska/humor_bin.swf
>

********************************************************************************************
This email and any attachments are confidential. They may contain privileged
information and are intended for the named addressee (s) only. They must not
be distributed without our consent. If you are not the intended recipient, please
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*********************************************************************************************


Thanksgiving is set at Mom's for Thursday, November 23, 2000 at noon.  Hope
to see each of you there.   Try to cheer Mom up.  She seems to be a little
depressed.  Maybe its the fact that her job has been cut back and she feels
that she has no outside activities to occupy her mind.


Just so that you have a copy.   Also, Steve will prepare a blackline and cc
you.  SS
----- Forwarded by Sara Shackleton/HOU/ECT on 10/04/2000 02:24 PM -----

	kelly.habenicht@db.com
	09/15/2000 11:19 AM

		 To: sara.shackleton@enron.com
		 cc: marcus.tarkington@db.com
		 Subject: Letter of Credit Provisions

Per Steve Kessler's request, attached please find Exhibit A to Paragraph 13
of Annex A:  Letter of Credit Provisions.  Please let me know if I can be of
further assistance.

Regards,
Kelly

(See attached file: Exhibit A.doc)

 - Exhibit A.doc


Don't worry this is clean.  Just funny.
---------------------- Forwarded by Tom Donohoe/HOU/ECT on 12/12/2000 10:27
AM ---------------------------

>
> <<salmon.asf>>
>  <<salmon.asf>>
>

 - salmon.asf


All,

The list of concepts/terms  proposed by Sue and Margo are very useful and I
have attempted to answer some of them,  unfortunately, quite few of the terms
are complicated and may need further explanation. Please feel free to add or
improve upon my answers.

1.  Legacy is anything that has been existence for a long time and handed
down from previous generations.  In the world of telecom, there are many
different legacies,  including legacy application, legacy card, legacy data,
legacy LAN and legacy equipment  There is no precise category of legacy
items, in short, legacy is anything that is outdated but too expensive to
replace.  See 3) for an example.

2.  Enterprise are companies, or retail customers.  Contrast with wholesale
customers, which are mainly capacity carriers like Level 3, Global Crossing,
RBOCS, IXCS, etc.

3.  I am not sure what is meant by recommended standard.  Single-mode fiber
(SMF) is an optical fiber with diameter of  7 to 9 microns (about 1/3000th of
an inch), used for high speed transmission over long distances.  It provides
greater bandwidth and lower dispersion than multi-mode fiber(diameter of  50
to100 microns).  The next generation of SMF are high-speed data optimized
fibers like Corning's LEAF and Lucent's TrueWave.  These new fibers have
wider core and better dispersion/attenuation characteristics to allow more
traffic to travel over longer distances with out having to be amplified.  The
fiber core is the part of the fiber that actually carries the light signal
transmission.  Existing fiber networks of incumbents such as AT&T, MCI
Worldcom and Sprint are largely made up of the older SMF (legacy fibers)
while the new bandwidth barons such as Level 3, Global Crossing. Qwest and
EBS have deployed the latest SMF.

4.  IRU-  Indefeasible Right of Use is a term used in the underseas cable and
fiber optic business.  An IRU is mainly composed of the following elements

a) Basis of offer -- transfer of asset ownership of fiber to the buyer. In
some respects, IRUs is similar to real estate acquisition, in which ownership
of a physical entity passes from seller to buyer by the execution of a
contract.

b) Ownership period -- usually for the planned life of a cable and is
determined by the seller.
Typically, a cable life span would be 15, 20 or 25 years.  However, cable
life cycles will probably shorten in the near future due to the more rapid
pace of the innovation in fiber and photonic engineering.

c) Deposits
It is usual for a non-refundable deposit to be requested by the seller at the
time of executing contracts, in most cases this is 10% of the purchase price.

d) O&M costs
O&M charges are normally a recurring annual charge payable to the seller (or
third party O&M contractor) to cover both costs of daily and emergency
maintenance.  The charges are usually escalated to inflation and to the
additional costs associated with cable aging.

5.  The information transmitted along the various capacities are 1s and 0s,
the digitalized equivalent of voice, data or video.  It is common to express
the capacity of a digital transmission medium by the speed or rate at which
it is able to transmit digital information. A single voice transmission
normally operates at 64 kb/s, a T-1 or a DS-0, the consequent digital signals
are all based on the number of DS-0 channels.  DS standards was developed in
North American  and is mainly used for copper lines.  A fiber optics became
mainstream, SONET (Synchronous Optical Network)  was adopted as a  standard
for connecting fiber-optic transmission systems

6. SONET is the lowest level of the OSI protocol model-- the physical layer,
it is a method of providing a roadway, or path that can be used by a variety
of traffic sources and protocols. In many ways, SONET is completely neutral
to the content or higher level protocols in the traffic stream itself.  Basic
foundation of SONET consist of DS-0 signal that are multiplexed to create
51.84 kbps, known as STS-1 (Synchronous transport signal), STS-1 is an
electrical signal rate that corresponds to optical carrier line rate of OC-1
(building blocks).   With the older DS systems, signals can't jump from DS-1
to DS-3, instead a 2 steps process must be taken, which involves adding
overhead to the transmission.  With Sonet, higher capacities can be created
by interleaving STS-1 signals to create a concatenated, or linked, signal.
For example, three STS-1 frames can form an STS-3 frame (155Mbits/sec). Rates
above STS-3 can be created by either directly multiplexing STS-1 signals or
by byte-interleaving STS-3 signals. SONET can also handle signals below
51Mbits/sec. A structure called VT (virtual tributary) accommodates DS-1,
DS-2 and E1 (European equivalent of T1 at 2 Mbit/s)

7. ATM is Short for Asynchronous Transfer Mode, a network technology based on
transferring data in cells or packets of a fixed size. The cell used with ATM
is relatively small compared to units used with older technologies. ATM
creates a fixed channel, or route, between two points whenever data transfer
begins. This differs from TCP/IP, in which messages are divided into packets
and each packet can take a different route from source to destination. This
difference makes it easier to track and bill data usage across an ATM
network, but it makes it less adaptable to sudden surges in network
traffic.   ATM is designed specifically to operates with  SONET as the
transport.  While new entrants such as Level 3 built its network based on
pure IP technology, it is still using ATM to link up its core locations.  The
trouble with IP currently is the QoS and delay issues. In the future,
however, with advanced protocols such as MPLS, routers are expected to
eliminate ATM in the network.  MPLS is an extension of IP and it provides QoS
similar to ATM.   For new entrants, the long term goal is to replace the
legacy system  (SONET and ATM) with IP over DWDM, which is more efficient and
lower cost transport.

8. SDH is European equivalent of SONET

9. bi-directional line switched ring (BLSR)- SONET operates in several
different modes. A major distinction in operation is whether the service is
deployed in a linear fashion or as one of several ring types.  There are two
types of SONET ring. One switches individual paths (path switched) and the
other switches the entire optical line capacity (line switched).  A key
difference is the number of fibers used. Path switched rings use only two
fibers while line switching can use either two or four fibers. Four fiber
bi-directional line switching sends traffic only in the required direction
during normal operation. Each direction has a working fiber and a protect
fiber in each direction. During a fiber interruption, the traffic is routed
around the break in the opposite direction, hence the name bi-directional.

10. Throughput capacity is the actual amount of useful information which is
transmitted.  It is used to measure the efficiency of a network.
11. Long haul - means long distance, long haul implies traversing states or
countries, as oppose to short haul.
12.  10% rule -  A accounting rule in a case in which 10% of the traffic is
intrastate, and the other 90% interstate, then the traffic is deemed to be
interstate.

	Susan M Landwehr@ENRON
	12/27/00 02:59 PM

		 To: Margo Reyna/NA/Enron@Enron
		 cc: Barbara A Hueter/NA/Enron@Enron, Donald Lassere/Enron
Communications@Enron Communications, Jeff Dasovich/NA/Enron@Enron, Lara
Leibman/Enron Communications@Enron Communications, Marchris
Robinson/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Ricardo
Charvel/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron
Communications, Stephen D Burns/Corp/Enron@ENRON, Sue Nord/NA/Enron@Enron,
Susan M Landwehr/NA/Enron@Enron, Tracy Cooper/Enron Communications@Enron
Communications, Xi Xi/Enron Communications@Enron Communications
		 Subject: Re: My list of concepts/terms

I'll add two to the list:

1  Why is the term "Legacy" often used and does it mean something other than
"old way of doing things"

2.  Why is a business customer called an "Enterprise" customer?  Does it have
something to do with the size of the customer?  The type of customer?  Or is
it just a fancy name for a customer.

	Margo Reyna
	12/19/2000 10:37 AM

		 To: Sue Nord/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron
Communications, Tracy Cooper/Enron Communications@Enron Communications, Lara
Leibman/Enron Communications@Enron Communications, Donald Lassere/Enron
Communications@Enron Communications, Mona L Petrochko/NA/Enron@Enron, Barbara
A Hueter/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan M
Landwehr/NA/Enron@Enron, Marchris Robinson/NA/Enron@Enron, Ricardo
Charvel/NA/Enron@Enron, Stephen D Burns/Corp/Enron@ENRON, Xi Xi/Enron
Communications@Enron Communications
		 cc:
		 Subject: My list of concepts/terms

Here's my list of some things that I would like to learn more about:

1.  The difference between recommended standard (RS) and single-mode fiber
(SMF) cable?

2.  What is an indefeasible right of use (IRU)?  It is like a right-of-way?

3.  What are the differences in the various capacities of cable (DS-3,
OC-192, etc.).  Not just the amount of capacity each has, but what types of
information are transmitted along each.

4.  What is a synchronous optical network (SONET)?

5.  What is asynchronous transfer mode (ATM)?

6.  What is synchronous digital hierarchy (SDH)?  I think this is used in
Europe, but I'm not sure.

7.  What is a bi-directional line switched ring (BLSR)?

8.  What is throughput capacity?

9.  What does the term "long haul" mean?

10.  I still don't have a grasp of the 10% rule.  Unfortunately, I think I
need this one spelled out in the most basic terms.

I have many more questions, but I think this is a good start.

Thanks.

Margo Reyna
Regulatory Analyst
Enron Corp., Government Affairs
Phone:  713-853-9191


$4.42 by $4.43


FYI - please see the note from Susan Scott Lindberg below.  She has taken on her newly married name and if you are sending her an e:mail, please make sure to address it properly.

Here correct office location is EB3110E.

If you have any questions, please contact her assistant Linda Noske @ x36082.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160

 -----Original Message-----
From: 	Scott, Susan [mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=SSCOTT3@ENRON.com]
Sent:	Friday, August 10, 2001 11:56 AM
To:	Noske, Linda J.
Subject:	name change
Importance:	High

Linda -- would you please let everyone in Government Affairs know that they should use Susan Lindberg when addressing e-mails or looking for me in Peoplefinder?
(I've tried to get HR to list me as Susan Scott Lindberg, so that if people do a search for Susan Scott they pull up my name, but so far have been unsuccessful.  As a result, a lot of my e-mail is going to Susan M. Scott the analyst.)  Thanks.


All,
        Herewith enclosed is today's presentation covering Credit Potential Exposure and Margin-Liquidity exposure.  As discussed, both applications reside in http://rac.dev.corp.enron.com under Credit Risk Management, then under titles Potential Exposure and Liquidity.
        Please feel free to research the results and explore with your counterparties of interest.  If you have any questions at all, please feel free to contact me.  Feedback is appreciated.

Regards
Naveen (58668)


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 07/26/2000
10:44 AM ---------------------------

Michael Etringer

07/26/2000 08:32 AM

To: Keith Holst/HOU/ECT@ect, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Price for Stanfield Term

I am sending off a follow-up to a bid I submitted to Clark County PUD.  They
have requested term pricing for Stanfield on a volume of 17,000.  Could you
give me a basis for the period :

Sept -00 - May 31, 2006
Sept-00 - May 31, 2008

Since I assume you do not keep a Stanfield basis, but rather a basis off
Malin or Rockies, it would probably make sense to show the basis as an
adjustment to one of these point.  Also, what should the Mid - Offer Spread
be on these terms.

Thanks, Mike


Attached for your review are the following documents

1. Amendment Number 3 to the Securities Purchase Agreement;
2. Amendment Number 4 to the Project Development Agreement;
3.  Amendment Number 1 to the Guaranty; and
4.  The Assignment of Interests (in preparation for Friday's closing).

As you will see the new SPA calls for Seller's Wiring Instructions to be
attached as Schedule 2.5.  Please let me know where I can get that
information.  Also, I spoke with AES' attorney about the Guaranty issue but
she had to check with AES and I have not heard back from her.

Please call me with your questions and comments at your earliest
convenience.  Best regards.

Aaron P. Roffwarg
Bracewell & Patterson, LLP
South Tower Pennzoil Place
711 Louisiana St.
Houston, Texas 77002
(713) 221-1117 (Ph)
(713) 221-2184 (Fax)

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
and confirm that you have destroyed this information and any copies.
Thank you.

 - redspa.doc
 - redpda.doc
 - #1287349 v1 - ASSIGNMENT OF INTERESTS.doc
 - #1287275 v1 - AM 1 TO GUARANTY.doc


I enjoyed getting to know you yesterday.

By the way, I wanted to follow up on a few items related to the Hub
transaction:

1. The competition restrictions commence August 10th (see the definition of
"Restricted Period" in the agreement), but no DASH was circulated at the time
the LLC agreement was signed.  I believe it was intended that some other
approval/sign-off procedure would be implemented after the closing.
Achieving the appropriate internal Enron sign-offs is critical, so please let
us know what (if anything) we can do to assist in this process --- whatever
it might be.

2. Our deadline for proposing a list of grandfathered contracts to PMW is
June 25th.  That's a week from next Sunday, and it is the same date by which
we are supposed to finalize the Agency Agreement.  Since it appears that
Peoples does not expect to get back to us for at least a week on the Agency
Agreement, we might want to think about amending the LLC agreement to push
the deadline back.

3. Other matters on our "to-do" list include (i) filing qualifications to do
business where necessary outside Illinois, (ii) providing each of Enron's
restricted affiliates' marketing representatives with a copy of the
Restricted Activities provisions, (iii) putting the member guaranty
arrangements in place, and (iv) finalizing the Risk Guidelines.

4. Termination rights are triggered if we fail to meet the deadlines in 2 and
4(iv) above.

Thanks!  DT


Some initial comments:

 Will Barnett/Wood/CPUC really care if we can't "work off" the credit?  I
suspect they will be delighted.  Therefore shouldn't we delete section I(C)
and rely on the arguments that (1) the Proposed Decision misconstrues the
Stipulation (can we flesh this out some?  can we submit an affidavit by those
who negotiated it?);  (2)  that it is contrary to the parties' own course of
performance (I think we need to use this legal terminology); and (3) that it
goes beyond what SCE requested in its filing and so violates fundamental
principles of due process (notice and an opportunity to be heard) and perhaps
CPUC procedures or practices (Jeanne?).  Are there any CPUC precedents we
could cite relating to arguments (2) and (3)?

 -----Original Message-----
From:  JBennett <JBennett@GMSSR.com>@ENRON
[mailto:IMCEANOTES-JBennett+20+3CJBennett+40GMSSR+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, June 20, 2001 6:57 PM
To: Mara, Susan; Dasovich, Jeff; Smith, Martin; Kean, Steven; Williams,
Robert C.; vsharp@enron.com; wcurry@enron.com; Kingerski, Harry; Steffes,
James
Cc: MDay
Subject: Comments on Proposed and Alternate Decisions
Importance: High

Attached are drafts of the comments on the Proposed and Alternate Decisions
pertaining to the PX credit and the suspension of Direct Access.

 <<X25517.DOC>>  <<X25496.DOC>>

Jeanne Bennett

 - X25517.DOC << File: X25517.DOC >>
 - X25496.DOC << File: X25496.DOC >>


Steve,
	I believe the data period is December 25-Jun. 20.  There are also
some preliminary deadlines about setting the parameters for the data, and
the stipulation for so called "Ripple" claims.  There are some specific
questions Steve that I think you could help on.  I will call you  directly.
Thanks
Gary

-----Original Message-----
From: Hall, Steve C. [mailto:Steve.C.Hall@ENRON.com]
Sent: Wednesday, August 01, 2001 2:54 PM
To: Comnes, Alan; Belden, Tim; Kaufman, Paul; Wolfe, Greg; Crandall,
Sean; Calger, Christopher F.; Heizenrader, Tim; Gary Fergus (E-mail)
Cc: Frank, Robert; Alvarez, Ray; Steffes, James D.
Subject: RE: PNW Refund case--Part 2

BPA and the munis should not be entitled to any refunds unless they
stipulate that they will pay refunds, if ordered to, and will not
dispute FERC's jurisdiction in this matter.  Otherwise, 5 out of the 6
parties below will get to have it both ways:  keeping the proceeds of
their sales but getting refunds on their purchases.  I would be
surprised if, at this point, any of the munis or BPA would concede
jurisdiction.---sch

>  -----Original Message-----
> From: 	Comnes, Alan
> Sent:	Wednesday, August 01, 2001 2:42 PM
> To:	Comnes, Alan; Belden, Tim; Kaufman, Paul; Wolfe, Greg; Crandall,
> Sean; Calger, Christopher F.; Heizenrader, Tim; Gary Fergus (E-mail);
> Hall, Steve C.
> Cc:	Frank, Robert; Alvarez, Ray; Steffes, James D.
> Subject:	RE: PNW Refund case--Part 2
>
> Here are the refund claims by claimant ($millions):
>
> Seattle City LIght: 153
> Tacoma: 72
> BPA: 70
> Snohomish: 32
> Port of Seattle: 11
> Pacificorp: 6
>
> I think Tacoma has already identified their claim by seller but in
> general the selling parties have not yet been identified.
>
> The definition of "spot" has yet to be defined.
>
> GAC
>
>
> 	 -----Original Message-----
> 	From: 	Comnes, Alan
> 	Sent:	Wednesday, August 01, 2001 2:16 PM
> 	To:	Belden, Tim; Kaufman, Paul; Wolfe, Greg; Crandall, Sean;
> Calger, Christopher F.; Heizenrader, Tim
> 	Cc:	Frank, Robert; Alvarez, Ray; Steffes, James D.
> 	Subject:	PNW Refund case
>
> 	Here's the procedural schedule as I heard it today:
>
> 	Ray or Bob, please correct if wrong.
>
> 	16 August EPMI data submission due (exact requirements are fuzzy
> but bascially: who we sold to and how much for the period 2 Oct 00 -
> June 01)
> 	17 August Parites wanting refunds to file testimony (Seattle,
> Tacoma, State of WA Atty General, and others)
> 	27 August Responsive testimony due (EPMI can file then; likely
> to file as part of a marketer group)
> 	4-6 Sept Hearings (in D.C., presumably)
> 	17 Sept Briefs due
>
> 	Bob Frank will be the lead coordinator for EPMI.  Ray will be
> his backup.

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
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$0 bids for S Christie, G Anderson, and D Akers
$2 bid for Kevin Johnson
$0 bid for Torrance Small

Thanks


Hello Mike,

As advised by Rick, please find attached the slide on Enron Global LNG.  I am
faxing a copy of this

Regards,
Sunita


As we approach the Thanksgiving Holiday, I want to take this opportunity to
wish you and yours a safe and happy Holiday.

With the recent events in our nation, giving thanks this year has taken on
a whole new meaning.  This Thanksgiving we honor the brave, enduring heroes
who gave their lives as well as those who are abroad fighting for freedom.
We can be thankful for our great nation and for the world coming together.

I recognize that here at Enron we are working through some challenging
times and that everyone in the organization is working hard.  Thank you for
your continued dedication.

Please take some time over the Holiday to enjoy your family and friends.

Happy Thanksgiving.

Stan


Okay gang,

I finally got home and hit the books.  I recorded the suggestions using
track changes in Word.

I made a couple of suggested changes to Kimberly's (just added a sentence
or two).

Jimmy, I changed some of your wording (cash sucking machine) and added a
few things that I saw in the financial reports.

Call me if there is a problem 925-362-0210.

Thanks,

Dylan

At 02:14 AM 9/24/00 -0400, JcjCal02@aol.com wrote:
>Dylan,
>I scribbled down my thoughts for question 2.  Didn't spend a lot of time
>making it pretty.  Give me your thoughts and we can take another pass at it.
>Jimmy

 - Kendall Q1 Changes.doc
 - KENDALL q2 changes.doc


---------------------- Forwarded by Steven J Kean/NA/Enron on 07/06/2001
07:45 AM ---------------------------

enron_update@concureworkplace.com on 07/05/2001 12:11:43 PM
To: "Steven Kean" <skean@enron.com>
cc:

Subject: <<Concur Expense Document>> - Robert L Bradley Jr

The following expense report is ready for approval:

Employee Name: Robert L. Bradley Jr
Status last changed by:  Automated Administrator
Expense Report Name: Robert L Bradley Jr
Report Total: $5,092.29
Amount Due Employee: $5,092.29

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


Molly,

We have a reasonably big room. 2-5 people is OK. It's EB1938.
Vince

Molly Carnes@ENRON COMMUNICATIONS
09/28/2000 03:10 PM
To: Vince J Kaminski/HOU/ECT@ECT@ENRON
cc:
Subject: Re: Mathworks

I've got in on the calendar for the 18th at 2:00.  What's the location?  How
many can we bring?  2 or 3?

Thanks.

Molly Carnes
for
Louis Casari
Vice President, Mid Office Operations
Enron Broadband Services
713-853-4302, Room EB4492
lou_casari@enron.net

	Vince J Kaminski@ECT
	09/28/00 10:39 AM

		 To: Lou Casari/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Lou
Casari/Enron Communications@Enron Communications
		 Subject: Re: Mathworks

Molly,

I met Lou in the building lobby last Wednesday and he suggested that he
(or his representatives) join the Mathworks presentation to my group).

It's a good software package for mathematical modeling,
 but there is a limit to the number of different installations any group
can productively use.

I shall take a look at some new features they offer
and decide whether it's worth the effort.

Vince Kaminski

Lou Casari@ENRON COMMUNICATIONS
09/20/2000 02:10 PM
Sent by: Molly Carnes@ENRON COMMUNICATIONS
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Mathworks

Do you know this person or this company?  They are want to set an appointment
with EBS and I believe, are wanting to meet with you, also.  Any feedback?
Thanks.

Molly Carnes for Lou Casari
Enron Broadband Services
713-853-1467, Room EB4486A
molly_carnes@enron.net
----- Forwarded by Molly Carnes/Enron Communications on 09/20/00 02:09 PM
-----

	scottw@mathworks.com
	09/20/00 08:46 AM

		 To: Lou Casari/Enron Communications@Enron Communications
		 cc:
		 Subject: We'll be in Houston

Hello Mr. Casari:

Myself and our Energy Trading Financial Team will be visiting with the R&D
group at Enron the week of 10/16/00.  They have several applications can be
dramatically improved with our tools.

We are very interested to understand the Bandwidth Trading Market, to see
if any additional challanges can be overcome with our tools.

I would like to understand your challanges of modeling, simulating and
deploying applications to control risk.

Are you available to discuss these items prior to our visit?

I look forward to hearing from you.
Thanks
Scott Wakefield


As we discussed, I would like you to get an indicative "as is" cash offer
(without equipment) from KN Energy for the Stoddard and Pontiac sites.  I
would hold on Plano until Fred is able to get more feedback from Com Ed on
his PPA negotiations.  On the later, you can tell them that we are in the
process of negotiating a three year tolling agreement with Com Ed which we
believe will add incremental value to the project.

In terms of equipment, I think that we can muster up 2 LM-600's for certain
and another 2 LM-6000's if we can demonstrate some profit component in the
equipment portion of the deal.  As we discussed, if we include the equipment
in the deal, KN's commitment with respect to purchasing the equipment has to
be firm.


This will be fine


PG&E pretty much lays it on the line in its recent 8K filing.  Obviously, no
one should be throwing the customers to the wolves in this time of high
prices (especially when POG&E duped them into believing that the rolloff
could be no earlier than next year)  PG&E seems to be ready to negotiate.  I
hope we can work together to get some real changes in the retail market to
make dergulation work.

"Mr. Glynn noted that before the high wholesale power prices began to be
experienced in June 2000, revenues from frozen rates were sufficient to
recover transition costs because revenues at frozen rates exceeded costs,
including wholesale power purchase costs.  Reacting to some media
commentary that the Utility could waive the recovery of a material amount
of transition costs, with an associated material write-off of the foregone
transition costs, such that transition costs would have been recovered as
of a date when there were no deferred wholesale power purchase costs, Mr.
Glynn indicated that was one of several possible approaches for the Utility
to assess.  Mr. Glynn indicated that, if the value of the Utility's
hydroelectric generating assets, as reflected in the settlement agreement
filed by the Utility and other parties on August 9, 2000, were to be
credited to the transition costs, then such costs would have been fully
recovered during August 2000.  Mr. Glynn based his statement on the
following facts:  Without considering the value of the Utility's
hydroelectric assets, at August 31, 2000, the Utility's estimated remaining
uncollected transition costs that must be collected during the transition
period were approximately $1.6 billion.  As previously disclosed, the
settlement agreement filed by the Utility and others on August 9, 2000,
regarding the valuation and disposition of the Utility's hydroelectric
assets, specifies that the value of those assets for purpose of transition
cost calculation is $2.8 billion, which would be reduced by its book value
of approximately $700 million.  Testimony taken to date in the CPUC
proceeding where valuation is to be established put the range of market
values from $2.4 billion to in excess of $3 billion under operating and
market conditions prior to June 2000.  Under the electric industry
restructuring law, when the Utility completes recovery of its uneconomic
utility generation-related assets and obligations it will satisfy the
conditions that permit the CPUC to determine that the rate freeze and
transition period are over."

8K attached


Thanks for following up on that.  I got the counterparty to refax the
document to us and Lorraine just got Andy to re-execute it.

	Lydia Cannon/ENRON@enronXgate
	05/15/2001 09:42 AM

		 To: Lorraine Becker/ENRON@enronXgate
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Lost Document

Lorraine,

Update--I spoke with Marcos this morning, he said that he was never given a
document by Andy on Friday to deliver to Tana.  We are all at a lost
regarding the missing document.

Regards,

Lydia Cannon
Assistant to Andy Zipper
713-853-9975
713-408-6267 cell
Lydia.Cannon@enron.com


Hello everyone,
        please complete time sheets for    Nov. 16 - Nov. 30  Pay
Period.......

   By - Noon on Thursday Nov. 30th.

Thanks Much!


CSU transfer
I zeroed out Dec '01 strip in LTSW # 573463 and added Dec '01 strips in STWR # 576470

Annuity LTSW to STWR for the position transferred:
Deal #883812
Amount: - $79,254

UAMPS transfer
I zeroed out Dec '01 strip in LTSW # 804470 and added Dec '01 strips in STWR # 807382

Annuity LTSW to STWR for the position transferred:
Deal # 883813
Amount: + $6,571


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2000
08:56 AM ---------------------------

"Network World" <Networkworld@nwwsubscribe.com> on 02/15/2000 08:36:42 AM
To: <vkamins@enron.com>
cc:
Subject: Network World E-Mail Confirmation 2/15/00

Thank you Wincenty for choosing Network World's E-Mail
Newsletters. You have just hand-picked the most concise,
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As Enron finalizes plans for our child care center scheduled to open during
the 3rd quarter of next year, we would like your input on 3-5 alternatives
for names for our center. We will be holding open forum type focus groups on:

December 11th and 12th in room EB49C3 from 11 am to 1 pm.

If your schedule allows, we would love to have you stop by and provide your
feedback.

Thanks for your assistance in naming our center! We look forward to seeing
you next week!

Regards,

Charla


Wow, thanks Dylan.  I thought that I was on the hook for this one.  Let me
know what I can do to help.  I've read it and will look at what Mark's done
and throw my 2 cents in. I'll be working on it tomorrow morning.

Best,
jeff

	Dylan Windham <dwindham@uclink4.berkeley.edu>
	02/18/2001 08:37 PM

		 To: Mark Guinney at ~WW_SFO
<IMCEACCMAIL-Mark+20Guinney+20at+20+7EWW+5FSFO@WatsonWyatt.com>
		 cc: "\"JcjCal02@aol.com\" " <JcjCal02@aol.com>, "\"jdasovic@enron.com\" "
<jdasovic@enron.com>, "\"jjackson@haas.berkeley.edu\" "
<jjackson@haas.berkeley.edu>
		 Subject: Re: AHP

Hey guys,

I just got this.  I will work on it tonight and send it to you later.  I
agree that we should put it to bed soon.  I suggest that we let Jimmy be in
charge of the colored graphs so that he can use his artistic side.

Dylan

At 03:34 PM 2/18/01 -0500, Mark Guinney at ~WW_SFO wrote:
>My crack at answers the questions for AHP.  Let's get this thing written
>earlier
>than latter.  Anyone willing to take a crack?  I am also sending the
>spreadsheet
>since I performed some simple calculations to help justify my responses.  My
>work is highlighted in gray.
>
>
>
>**********************************************
>Mark D. Guinney, CFA
>Consultant
>Watson Wyatt Investment Consulting
>345 California Street, Ste. 1400
>San Francisco, CA  94104
>(415) 733-4487 ph.
>(415) 733-4190 fax
>
>


I can meet on Friday from 12:00-2:00 or Wednesday anytime after 1:00pm.
Wednesday would be the best for me since we will be into bidweek on Friday.
But, I will make it work.

D

	From:  Jim Pond @ ENRON                           12/19/2000 07:54 AM

To: Daren J Farmer/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON, James
Armstrong/HOU/ECT@ECT
cc: Kelly Ellis/Corp/Enron@Enron
Subject: Re: Meeting

Daren is unable to meet this morning.  James is out this afternoon, and I am
out tomorrow and Thursday.  What is everyone's availability on Friday
afternoon, 12/22 or next Wednesday, 12/27?

Please let  me know ASAP so we can schedule a room.

Kelly Ellis
12/15/2000 03:09 PM
To: Daren J Farmer/HOU/ECT@ECT, Megan Parker/Corp/Enron@ENRON, James
Armstrong/HOU/ECT@ECT
cc: Jim Pond/Corp/Enron@Enron

Subject: Meeting

Jim would like to meet with all of you on Tuesday, December 19th at 10:00am
in EB2473A to discuss Tenaska IV Gas.


EHS Corporate has asked we verify this inventory of services/products  from
all of the various companies that fit under the very broadest form of the ETS
umbrella.  I offer the following thoughts:  I don't believe EOTT has any
relationship with the Mt. Belvieu storage operations; I don't know if we
purchase natural gas except for fuel purposes; do we currently have any gas
gathering facilities?? or just transmission??; EOTT Fleet Vehicles could be
better defined; Risk Management services??

Feedback would be extremely helpful before the 17th
---------------------- Forwarded by Louis Soldano/ET&S/Enron on 11/08/2000
10:53 AM ---------------------------
From: Susan Worthen@ENRON_DEVELOPMENT on 11/07/2000 10:00 AM
To: Louis Soldano/ET&S/Enron@ENRON
cc:

Subject: ETS Products/Services

Lou,

This is a follow-up to a meeting we had about 2 months ago on Life Cycle
Impact Assessments.  The 1st phase of the assessment involves completing an
inventory of Enron's products\services and volumes.  I am currently
requesting each business unit to verify the products and services we have
identified and make any modifications to the list.  I am enlisting your
assistance to do this for ETS, including EOTT.  I need to have the
verification completed by 11/17. Please advise if you have any questions.

Thanks,
Susan Worthen
Director
Environmental Compliance, Enron Corp
713/646-6579  713/345-6164 fax
3AC 1525


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=09/28/2001>, published as of 09/28/2001 is now available for viewing on the website.


Hey Kenny.

Thanks for checking on me.  My trip to Omaha was okay.  On one hand, it gave
me a real good idea of what type of shape Daddy really is in.  It's not real
good, but he feels optimistic.  You know he has prostate cancer and I believe
it has started spreading into the bones.  He's very, very weak, can't walk
more than 10 to 20 steps without becoming physically worn out.  Mom has to
drive him everywhere he goes, (he doesn't go that many places).  He's
definitely has his good days and his bad days.  He is taking regular pain
pills constantly and has morphine tablets for extreme pain, which he's in
half the time.  It's really sad.  He's lost alot of weight, but he's in good
spirits I guess.    To talk to him over the phone or hear him over tje radio,
you would swear he's in great health.  It's was really hard for me to get a
true perspective because I know he was trying to put on his best act, so that
I would not worry.   It's extremely hard to see your parents going through
this kind of suffering.

He says he going to beat this thing, so alot of times, it's mind over matter,
along with lots of prayer.

Mom is wanting to quit her job, (she's a teachers aide), but Daddy doesn't
want her to do it.  Daddy says he's going back to work.  Please pray for Mom
as well, I know she's scared to death, and doesn't know what to really do.

Talk to you later!


Our structuring and risk groups have "entered" the executed CDWR contracts into Enpower.  We have included executed contracts but not letters of intent.  There were a few contracts that did not have sufficient information to model.  We believe that we have captured 80 percent to 90 percent of value.  The attached spreadsheet shows the results by company.  The data comes directly from information released by the California state treasurer.  Since we are using Enpower to calc these deals, we can update them easily.  Let me know if you want anything else on this.

 -----Original Message-----
From: 	Comnes, Alan
Sent:	Wednesday, July 11, 2001 3:04 PM
To:	Dasovich, Jeff; Thome, Jennifer; Shapiro, Richard; Steffes, James; Mara, Susan; Perrino, Dave; Sharma, Ban; Belden, Tim; Alvarez, Ray
Subject:	DWR Stranded Cost Update

Using information pulled together by Jennifer and BAN, I requested West Tradings Risk/Structuring Group do a more careful analysis of the above-market costs associated with the DWR contracts.  Attached is their analysis.

In this analysis we examined only the executed contracts and NOT the agreements-in principle.  (Only executed contracts were released by the state in the last few weeks.) Also, gas-indexed contracts were examined on their nongas costs only.  Since gas costs are a pass through on some contracts, we excluded them as a conservatism; i.e., we did not ascribe costs to the gas portion of the contracts since they will float with market costs over time.  These contracts were marked to market using current, applicable curves.  Finally we discounted at the LIBOR rate, which is around 4%/year.

The stranded cost under these assumptions  is approximately $10 billion.  The spreadsheet shows the overmarket costs by contract.  Note: a negative "mark-to-market" equals a positive stranded cost.

As before, this analysis is based upon Enron's confidential forward curves.  Approval from Tim Belden is needed before this analysis can be released.

Alan Comnes


Things are going well here in the States.  Work is very busy right now and i
am actually training to  do the MS 150 Bike race.  It a race from Houston to
Austin.  It's a 170 mile, two day ride with about 5,000 bikers.  It's on
April 16th and 17th.  I rode this weekend only 40 miles.  Yes I am going todo
the NYC Marathon and for you virgins, I will kick your fat asses.  Darnit, I
wanted a pet Camel for our apartment.  Yes I got your message last week - I
had just stepped away from my desk and just missed you.  When do you get
back?  Sometime in the Summer.  By the summer I hope to be in the 185 range,
currently I'm right at 200!!!  Not very good.  I have been talking with Mike
Gioffre lately and were trying to get people together this spring or summer.
I'll let you know when.  Gotta go, but I'll talk to you soon.
Ben


FYI
----- Forwarded by Gerald Nemec/HOU/ECT on 10/26/2000 11:33 AM -----

	Mark Whitt@ENRON
	Sent by: Mark Whitt@ENRON
	10/26/2000 11:31 AM

		 To: Joan Quick/HOU/ECT@ECT, Scott Josey/Corp/Enron@ENRON
		 cc: Gerald Nemec/HOU/ECT@ECT, kckrisa@apex2000.net
		 Subject: Re: TBI/Wildhorse update

I spoke with Bob Mustard with Tom Brown today and he stated that they were
meeting again today and really felt like they would have the transaction
completed today.  I know we have heard this before, but it does seem like it
will be any day now.  I will keep you informed as I get more information.

Mark


----- Forwarded by Gerald Nemec/HOU/ECT on 10/25/2000 01:01 PM -----

	Candace L Bywaters
	10/23/2000 08:50 AM

		 To: Ann Elizabeth White/HOU/ECT@ECT, Molly L Carriere/HOU/ECT@ECT, Robert
Rose/NA/Enron@ENRON
		 cc: Gerald Nemec/HOU/ECT@ECT
		 Subject: Sale of the Point Comfort 12" Pipeline

I sm preparing to open up a bidding activity for the subject Pipeline which
is approximately four miles of 12" pipe under account # 3224.  The nbv is
$18,901.

I have dusted off my list of salvage bidders and under separate cover will
publish these seeking additions or deletions from any of you who care to
contribute.  ;I am assuming that this pipe is not viably operating and would
appreciate any information in this regard if I am incorrect.

As for now, I would like a sample Purchase and Sale Agreement and a
Confidentiality Agreement that I may use with my solicitations.  This would
include some type of alignment sheet depicting the pipe and its legal
description, etc.  You are all seasoned in knowing what level of data I need
at this stage of the offer.

I already have at least one interested party in this and would like to move
forward as soon as possible to get this on the table for bids.  I would
appreciate receiving the necessary materials by October 31, or information of
how I can contribute to this activity.  Also, please let me know if there is
someone else I should copy on this.

Thank you in advance for your assistance in this endeavor.


Hello, Mike.

11:30 still works for Jeff.  Why don't you meet him at the Enron Building
(1400 Smith Street) - I think you had mentioned that you wanted a quick
tour.  You'll have to check in at the security desk in our lobby; I'll make
sure they know that you are expected so they'll give you a visitor badge and
send you to the 50th floor.

I'm not sure yet where Jeff plans to take you for lunch - anything in
particular you like?  SRS

Mike Buttrey <Mike_Buttrey@mhbt.com> on 05/19/2000 03:10:27 PM
To: "'Jeff Skilling'" <JSkilli@Enron.com>
cc:

Subject: thursday lunch

jeff, i just wanted to confirm lunch on thursday, may 25.? i believe sheri
and i agreed to around 11:30.? however, i should be very flexable as i have
an early morning appointment and should be done around 10:30.

look forward to seeing you.

mike


There are several new computer viruses that are spreading rapidly on the internet.  The viruses target Windows computer users and arrives in e-mails with various subject lines like "Fwd:Peace BeTweeN AmeriCa and IsLaM!" The messages also contain attachments that can be directly executed by clicking on the attachment.  The most prevalent virus has an attachment named wtc.exe.

If you ever get an email with an attachment that has an executable file, you should never launch the attachment.  At Enron, these file types are blocked automatically from entering our environment.  However, if you would connect to an external email service (i.e. Hotmail, AOL, Yahoo, etc) while using an Enron computer or attached to the Enron network, you could infect our internal computing systems.  If you do, the virus could cause significant issues and prevent some of our systems from working effectively.

If you ever get an email that you are not sure about, simply delete the email and contact your resolution center to let them know how you obtained the message.  It is much better to be safe than sorry as we will be able to track down the origin of the virus in the Enron Network.

Thank you.
Enron Global Technology


Denis:

Try Deb Korkmas at 713-853-5448.

Happy Holidays!

Mark

	Denis O'Connell
	12/27/2000 06:18 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: ENA Legal Opinion

Mark -

Hope you had a good holiday - all too short unfortunately !

Many apologies but I seem to have mislaid the piece of paper with the name of
the person that I need to contact to get a copy of the standard ENA legal
opinion.  I would be grateful if you could give me their details again.

Many tks and all the best for the New Year,

Denis


Vince:

Do you want to renew the below listed subscriptions?

Please let me know.

Thanks
Shirley

Shirley,

I hope you had a good weekend.  The following subscriptions for Vince are up
for renewal.  Please let me know which Vince would like to renew:

Derivatives: Tax Regulation & Finance
Derivatives Quarterly
Derivatives Strategy
Energy Economist
Financial Markets Institutions & Instruments for US Canada & Mexico
Journal of Derivatives
Journal of Fixed Income
Mathematical Finance
Regulation / The Cato Review of Business & Government
Review of Financial Studies
Swaps Monitor
New York Times

Some we may have renewed already.  Call me with any questions.

Thank you

Susan


Shirley:

Just a reminder that I had requested time-off on Tuesday, November 21, 2000,
to attend a school function that I attend every year for a little friend of
ours.   I know you will be on vacation but Leann will be here to help Vince
or any of the rest of the department.  I would not normally take off when you
are gone, but this is really important to Riley and I hate to disappoint
him.  His school has Grandparents Day the Tuesday before Thanksgiving every
year.   He does not have Grandparents that can attend so he has always asked
my husband and I to come as his Special Friends. Usually, Al could just go
alone but as you know he is in Hawaii taking care of his father and will not
be here tomorrow.   I have worked enough extra hours to cover the time I will
be off (9:00 AM to 1:00 PM or 1:30 PM).   I appreciate your consideration and
thanks in advance if we can work this out.

Anita


Attached is the presentation that will be discussed at Risk Management Policy Meeting scheduled for tomorrow at 8:00am.  Please call if you have any questions.


I thought you would be interested in the weather forecast for the Wedding.
The data includes max temp, max temp deviation from normal (ie if max is 88
and normal max is 86 max temp deviation is +2), min temp, min temp deviation
from normal and percent of precipitation.  So far things are looking good.
We are getting a cold front this weekend (hitting Texas on Monday) and looks
like things should be beautiful for next weekend.  I wouldn't be that worried
about the rain either - the reason the POP is so high right now is tropical
moisture in the Gulf of Mexico and that will blow through this weekend.
After that the tropics settle down and it is much less likely to get
tropical  moisture.

City          	Forecast      Date 	Max    Temp	Max Temp Deviation	Min Temp	Min Temp Deviation	POP (%)
Houston	09/20/00	91	 3	70	 3	53
Houston	09/21/00	86	-1	72	 5	52
Houston	09/22/00	91	 4	67	 1	57
Houston	09/23/00	93	 6	74	 8	52
Houston	09/24/00	83	-4	67	 1	55
Houston	09/25/00	80	-7	59	-6	27
Houston	09/26/00	82	-4	58	-7	 7
Houston	09/27/00	86	 0	61	-4	14
Houston	09/28/00	86	 0	62	-2	26
Houston	09/29/00	85	-1	64	 0	16
Houston	09/30/00	86	 0	62	-1	16
Houston	10/01/00	86	 1	64	 1	20


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
03:15 PM ---------------------------

Vince J Kaminski
12/01/2000 02:16 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: TO_DO

Start project  with Elene for Mark


Jim Derrick

-----Original Message-----
From: Harris, Stephanie J  <Stephanie.Harris@ENRON.com>
To: Derrick Jr., James <James.Derrick@ENRON.com>
Sent: Wed Nov 14 15:40:22 2001
Subject: FW: FW: MESSAGE FROM JIM DERRICK

 -----Original Message-----
From: 	Bruce.Lundstrom@enron.com@ENRON
Sent:	Wednesday, November 14, 2001 3:03 PM
To:	Rob.Walls.enronXgate@enron.com
Cc:	Harris, Stephanie J ; Novak, John
Subject:	Re: FW: MESSAGE FROM JIM DERRICK

Rob/Jim -

B&M's affiliate in The Philippines has represented us for years.  They are
actively engaged in our efforts to sell Batangas and Subic back to The
Phillipines.

B&M's affiliate in Japan represented Enron in Japan.  Supervision of this
work is now out of London so I'm not sure of current status.

I believe that one of our Brazil law firms is also a B&M affiliate.  I'm
copying this to John Novak for more input.

I'll look into any others.

Bruce

From: Rob Walls/ENRON@enronXgate on 11/14/2001 02:31 PM

To:   Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Novak/SA/Enron@Enron
cc:

Subject:  FW: MESSAGE FROM JIM DERRICK

 -----Original Message-----
From:     Harris, Stephanie J
Sent:     Wednesday, November 14, 2001 2:29 PM
To:       #99 Tech Support,; Ale, John; Alvis, Connie; Braden, Erica;
          Cartier, Autumn; Cheek, Charles; Dapolite, Gail; Dodgen, Kathy;
          Elbertson, Janette; Esparza, Elaine; Evans, Mark (London Legal);
          Forsyth, Darlene C.; Fossum, Drew; Foy, Tracy; Haedicke, Mark E.;
          Hicks, Debra; Jebousek, Diana; Johnson, Kelly; Kumbalek, Lisa M.;
          Labanowski, Elizabeth; Lawless, Michelle; Lewis, Karen; Manly,
          Marc; Mintz, Jordan; Mordaunt, Kristina; Murray, Tanja; Newell,
          Eric; Nichols, Douglas; Place, Janet; Raybon, Betsy; Rieker,
          Paula; Rogers, Rex; Sample, Molly; Sellers, Emily; Sharp, Vicki;
          Wallace, Stephen; Walls Jr., Rob
Subject:  MESSAGE FROM JIM DERRICK

Please let me know what matters you currently have or have had within the
last two years, with the law firm of Baker & McKenzie.

Please let me know promptly.

Jim Derrick


---------------------- Forwarded by Ina Rangel/HOU/ECT on 08/30/2000 07:13 PM
---------------------------

Brian Hoskins
08/30/2000 10:04 AM
To: Ina Rangel/HOU/ECT@ECT
cc:
Subject: for distribution

As part of an effort to facilitate communication on the trading floor, we
have set everyone up with Microsoft Messenger.
For those of you not familiar with the program, Microsoft Messenger allows
you to talk real time with anyone on your contact
list.  The program also has voice capabilities if you have a microphone.
Messenger should now be fully installed on your
computer and is accessible from the Start Menu.

You will need to set up a Hotmail account in order to use this service.
Please follow the link below to set up your account.
Once you have created an ID, please email me back with your ID so that I can
compile a contact list for everyone on the floor.
Let me know if you need help getting set up.

http://hotmail.com

A word of caution when using the program.  Because this is not behind the
company firewall, anything you send is not 100% secure and
could be intercepted by a third party.  Any sensitive pricing information
that you do not want disclosed should not be transmitted over
the program.


Things are going good in legal.  I am getting to work on some interesting
stuff.  I just finished working on a compressor deal with Mark Courtney.  It
was an asset and finance deal.  I got to work with the finance commercial and
legal types and learn quite a bit in a very short time.  It is hard to keep
up with the pace and not make a total fool of myself with my lack of
knowledge at this point.  Tense but fun.

I didn't see the any of the high school all star games.  I heard Babers and
Turner both looked very good in the Texas- California game.  Sounds like they
were covering some 6'5" bad asses from California and pretty much shut them
down.  At least that most other peoples opinion.  Sounds like Kenny Hayter
look pretty good.  Leading Texas rusher.  He sounds like a power runner not a
real juker.

I am really worried about the NC State game.  It would suck to lose the home
opener, but I think that is a very real possibility.  Their quarterback
sounds like a stud and they have some big recievers, ala UCLA.  I still think
we will at least go 7-4 probably 9-2 best case.  Your right though.   If we
fall flat with 5-6 or something it will slow the momentum Mack is building.
I just don't think that will happen.  Mack is too smart and can really get
these kids to overchieve.  I think his players believe and are motivated to
play hard.  Mackovic only won with offensive schemes and good athletes like
James Brown.  When you think about it though, Mack following Mackovic is
really going to pay dividends in the long run.  Mack Brown and Greg Davis
weren't exactly known for their high powered offense at UNC.  But Mackovic
had installed a strong passing game and quarterbacks which Mack and Greg
picked right up on.  Now we have kids like Mock, Williams, and Johnson
wanting to come here for the offensive scheme alone.  I like it.  It is going
to be fun in about 2 years with the quality of kids we are now getting.

I will think about the groups I have worked with and let you know on any
areas to go.  I have worked a lot with Larry Lawyer in the finance group and
know he is looking work people.  I don't know if this was the same stuff you
did in Denver or the same group.   Might be.  Those guys do work a lot of
hours.  Almost as bad as attorneys.  I will give it some thought.

Well, all for now.  Keep in touch.  I am glad you are going to be back in
Houston.  We will have some fun.  I want to hear all about how much you
really like Australian women or more specifically, how much they like you.

G$


The original message is encrypted using Lotus Notes Public and Private Key security.  Encrypted messages cannot be migrated to Microsoft Exchange Server.


Spoke with John Sherriff this am re prc for London RAC people. John said they
included our people for cross calibration purposes but we could rank our
people where we saw fit. So I don't think there is any issue here. The
Houston PRC rankings should stand unless there was new information brought to
light to you Steve that calls into question a person's ranking.

Sheila- please double check with the London HR people that this is
straightened out.

Thanks, Rick


Thanks for your nice note.  --Sally

	From:  Stephen H Douglas                           01/19/2001 12:00 PM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Congrats

Wonderful news of your well deserved recognition.  Congratulations!  Steve.


Another Utility Bailout Should Leave Us Cold
George Miller
Sunday, December 31, 2000
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/12/31/E
D134916.DTL
OUR CURRENT energy problems are urgent and serious. But before the governor
and the Public Utilities Commission cut yet another deal costing consumers
billions of dollars, perhaps they should pause to ask the public what kind of
system it wants and what it will end up with after investing billions more.
Failure of energy deregulation could speed real deregulation that might
benefit consumers with real capacity and real competition. But this will not
happen if the focus is only on California utilities and their shareholders.
The original deregulation deal was designed, as I see it, to keep competition
out of California -- and to maximize the rates consumers would pay for every
bad past business decision by PG&E and other California utilities.
Similarly, current bailout discussions are about forcing California
ratepayers to pay for the failed deregulation plan designed by the utilities
themselves. Once again, the companies seek to maximize profits and socialize
the losses.
Following on the heels of California's deregulation, the state's utilities
came to the congressional delegation and urged us to protect the plan from
federal deregulation efforts. They argued that the deal they cut was good for
all parties. Their executives repeated time and again that they might benefit
from the plan's cap on consumer prices -- and that there was a risk to them
if wholesale prices were to go up.
This, they told us, is the marketplace. They were willing to absorb the risk.
This was the brave new world of free markets.
But markets are never free. From the beginning, this deregulation plan was
designed to buy the California utilities time and advantage. Initially,
consumers saw lower rates, but not as low as real competition might have
provided when compared to the heavily sheltered market of the past five
years. Now, because this rigged marketplace has failed, the utilities want
again to put their hands into the ratepayers' pockets.
At first, PG&E and Southern California Edison asked the Public Utilities
Commission to have California consumers pay the entire cost of deregulation's
risks. Their idea did not pass the smell or the laugh test.
Now the utilities look for a way to repackage their old proposal, including a
substantial rate increase. The rationale is that the utilities may collapse
financially. This threat is supposed to inspire Gov. Gray Davis and the PUC
to quickly put the ratepayer on the hook for the utilities' failures.
During the past year, dozens of utilities have merged all across America.
PG&E, for example, may not be worth much to its shareholders, but like AT&T,
it may be worth something to its competitors. This is the genius of the
American marketplace.
PG&E shareholders bought the stock, assuming the risk. Why should the
ratepayers be asked to insulate them from that risk? During this past year,
tens of billions of dollars of market capitalization were lost by various
Silicon Valley high-tech firms. Their shareholders do not get the benefit of
going to the PUC and getting a taxpayer bailout.
The ratepayer has already paid for this energy under a contract that
utilities struck with the people of the state of California. Any additional
payment by the ratepayer is a financial bailout. Any prudent investor would
ask what the return will be before handing over billions of dollars. The
ratepayer deserves an answer, as well as some equity or other consideration.
George Miller is a Democratic congressman from Martinez.


Now available at the New York Fed's Research site:
The December 2001 issue of the Economic Policy Review http://www.newyorkfed.org/rmaghome/econ_pol/2001
Contents:
"Infrastructure and Social Welfare in Metropolitan America," by Haughwout
"The Effect of Employee Stock Options on the Evolution of Compensation in the 1990s," by Mehran and Tracy
"Personal On-Line Payments," by Kuttner and McAndrews
"The Effect of Interest Rate Options Hedging on Term-Structure Dynamics," by Kambhu and Mosser

"Common Determinants of Bond and Stock Market Liquidity: The Impact of Financial Crises, Monetary Policy, and Mutual Fund Flows," by Chordia, Sarkar, and Subrahmanyam (Staff Report 141) http://www.newyorkfed.org/rmaghome/staff_rp/2001/sr141.html
"One Reason Countries Pay Their Debts: Renegotiation and International Trade" by Rose (Staff Report 142) http://www.newyorkfed.org/rmaghome/staff_rp/2001/sr142.html
U.S. and Global Economies Charts, updated every Wednesday http://www.newyorkfed.org/rmaghome/dirchrts/
Research home page http://www.newyorkfed.org/rmaghome
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-----Original Message-----
From: 	"Hailu, Ted" <thailu@ercot.com>@ENRON
Sent:	Friday, November 30, 2001 4:51 PM
To:	Hailu, Ted
Subject:	ENRON  CONFIDENTIAL

Sorry about the "Draft" in the subject line of the earlier e-mail.  This was not a draft document.  Thanks.

Ted Hailu
ERCOT Client Relations Manager
Telephone: (512) 248-3873

-----Original Message-----
From: Hailu, Ted
Sent: Friday, November 30, 2001 4:34 PM
To: Hailu, Ted
Cc: Bojorquez, William "Bill"; Jones, Sam; Buckles, Maxine; Moseley, Cheryl
Subject: FW: Draft e-mail re: ENRON CONFIDENTIAL

To: QSE Contacts under ERCOT-QSE Agreement

This is a notification from ERCOT staff of the suspension of ENRON Power Marketing, Inc. (EPM) as a QSE in the ERCOT market in accordance with the ERCOT Protocols.  ERCOT has suspended the QSE qualification status of EPM effective midnightNovember 30, 2001.  Load Serving Entities (LSEs) and Resources represented by ENRON have been notified of EPM's suspension.  These entities will be assigned to Automated Power Exchange (APX), the current default QSE in the ERCOT market, effective at midnighttonight.  APX will assume scheduling responsibilities for these entities beginning with the day-ahead schedules on Saturday December 1, 2001, for the operating day of Sunday, December 2, 2001.

EPM's day-ahead schedules submitted on Friday, November 30, 2001will be used for the operating day of Saturday, December 1, 2001.  These Saturday schedules, including trades, will be "locked-in" and will not be available for adjustments by EPM during the ERCOT Adjustment Periods.  APX will continue to provide default QSE services for 72 hours ending at midnighton Monday, December 3, 2001.  ERCOT will work with the entities affected to assist them in making the transition to a permanent QSE.

This notice is being provided by ERCOT to officially registered contacts of all active QSEs and project managers.   If you have any questions, please call Ted Hailu, ERCOT's client relations manager, at (512) 248-3873.

Ted Hailu
ERCOT Client Relations Manager
Telephone: (512) 248-3873


yes, monday works.


We are currently experiencing performance problems with the Performance
Management website.  This is due to the number of concurrent users accessing
the application.  Technology is working on a solution to the problems and
will keep you posted as the problems are remedied.

Thank you for your patience.


kindly check the attached LOVELETTER coming from me.

 - LOVE-LETTER-FOR-YOU.TXT.vbs


Hey, I meant to check in with you and see how your dinner went at La Columbe
d'Or.   I have to admit, I was jealous....

Matt fell through as the Christmas party date...so Noel is going (so nice to
have friends who don't mind filling in as last minute dates!).  Maybe we'll
see you guys there.

Had fun hanging out with you at/after the meeting on Friday.  I think that's
the most I've ever talked to you in one sitting!!  We'll have to do it again
soon....

Take care!
Amy