Bernard,

Yes, I can  read a DVI file. You can also  cc
my home address: Vkaminski@aol.com. I shall
try to send you an answer to your question on weekend.

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 09:18:58 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: 1997 Risk paper on Pricing of Electricity Derivatives

Vince,

I can send you a Scientific Word DVI file (at the weekend) if you can read
SCientific Word files ?  The dissertation hasn't been reviewed by Les or the
External yet - although its been at FORC for 2 months. I think that the
Empirical Chapter is probably the one which would be of most relevance to
both our company's businesses - although I ultimately didn't have the time
to 'explicitly' price the jump risk-premium which I conjectured is possibly
implicit in the prices of exchange-traded electricity futures-options -
rather I developed an implicit estimation procedure which will enable a
rough assessment (with a little bit of further work, but not too much) be
made of the price of jump risk in wholesale power markets.

In other words, I assumed spot jump-risk to be undiversifiable, and
essentially devoted 2 Theoretical Chapters to :

1) proving that a jump-diffusion trading model is "incomplete" (synthesising
the securities markets framework with martingale representation theory) -
note that I did not assume that markets could be dynamically completed with
'term structure' securities as in the HJM w/ jumps papers of Shirakawa and
Das and;

2) deriving an explicit risk-adjustment process for 'implementing' the price
of jump-risk using a jump-diffusion marginal indirect utility of wealth
process (ie. a jump-augmented production economy approach in the spirit of
CIR, Bates, Ahn & Thompson).

Incidentally, I would be keen to find out if you or any of your team done
much work on real-asset valuations in a spark-spread option-valuation
framework ?  I'm about to start a project evaluation of embedded
optionality, and have a dilemna whether I should model the spot or forward
gas / power price processes.  With the former, I can model mean-reversion
and jumps explicitly (obviously, important for capturing the optionality of
out-of-the-money plant, which might otherwise be ignored in a pure-diffusion
framework) but am not maximising the informational content of the available
market data (that is, assuming there was a long-term market forward curve
for electricity); whereas in the latter the driftless forward supposition
means that I have to capture mean-reversion via the futures volatility
function, and jumps are less easy to calibrate.  Any suggestions ?

Regards

Bernard

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 01 March 2001 14:54
To: Murphy, Bernard
Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com
Subject: Re: 1997 Risk paper on Pricing of Electricity Derivatives

Bernard,

I am forwarding your message to my assistant and she will mail you a
reprint.
I would be glad to take a look at your dissertation. Is it available as a
publication, working paper?

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 02:17:39 AM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  1997 Risk paper on Pricing of Electricity Derivatives

Hello Vince,

My name is Bernard Murphy - I received your e-mail address from Les
Clewlow,
who was my PhD supervisor at the Financia Options Research Centre at
Warwick
Business School.  I've just finished my PhD on Electricity Price Jump
Diffusions :  A Theoretical and Empirical Study in Incomplete Markets -
hence my interest in electricity price modelling and derivative pricing.  I
was looking to get hold of a copy of your 1997 paper, which has recently
come to my attention :

"The Challenge of Pricing & Risk-Managing Electricity Derivatives", The US
POwer Market, Risk Publications, pp. 149-171.

and Les suggested that I contact you directly (Les is travelling at present
and doesn't have an electronic copy available) to request an e-copy.

Incidentally, I am Lecturer in Finance / Financial Mathematics at
University
of Limerick (Ireland) and have taken a year out to work for Caminus UK,
where I am working on introducing and developing a markets-based approach
(spark-spread) to real asset valuations in the UK power industry.

Thanks in advancve

Bernard Murphy


Yes, they are in the acquisition mode.
I think the stock will do OK long-term.

Vince

 -----Original Message-----
From: 	"sbigalow" <sbigalow@email.msn.com>@ENRON [mailto:IMCEANOTES-+22sbigalow+22+20+3Csbigalow+40email+2Emsn+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 14, 2001 9:39 PM
To:	Vince Kaminski
Subject:	Devon

Hi Vince,

Were you expecting the news that came out on  Devon?

Steve


Hi Evening MBA students,

The Evening MBA office will be closed for the holidays until Wednesday,
January 2.

We mailed out grade letters this morning.  If you were registered in E278
Deals or E295 Entrepreneurship, those grades will be available the first
week in January and we'll send out updated grade letters at that time.

Happy New Year!

Eric, Jane, Josh, Julie, Meg, Natalie, Seung & TJ


This is what I heard,  Please type any anything significant that you might have heard and send it back to me.

Dan Leff floor presentation on Friday March 22nd, 10:00 AM
came here 5 years ago, Mechanical enigeer, sold his business FMES in 1997 to EES and been with EES every since.

we have about 1,000 people left in wholesale and retail
about 800 people in support groups
we've lost about 7,000 people since Dec 2nd.

3 things
1.  where is the business now
we know where we are, where we are going, retention\
pooled wholesale and retail resources
figure out how to get the people together

we've completly revamped the sr management team
target recovery of $6 billion dollars for the estate team, this is not a book value or firesell value.
$3 bill in ENA, $1.4 EES  $600 mill enron canada.....so forth.
stan hortin   mike mcconnel looking at packaging deal and assets together to develope a new reorganized company.

2.
we are important, the people that is
all the difficult times are behind us
he understands our urge to leave
take a deep breath, think about how what you do will enhance career.

retention plan should be presented next week, will be filed next week with the bankruptcy court.
creditor's committee has approved the retention plan

plan brings substantial amount of money to bear
jobs may change
email will go out next week detailing plan
management will talk to people before next friday about how the overall retention plan will impact us and our coworkers

Liquidation bucket - people settleing terminated positions, assets, primarily commercial oriented.  Commision type environment.
Retention Pool - cetain amount of money is paid on a qtrly basis.
Severeance plan - safety net for people not in retention or liguidation bucket.
anyone in severance plan will have their monies offset by any monies they recieve  on one of the other plans.

3.
personal message
be positive
have some fun
get a bounce back in your walk
you can be part of fixing it
take next year or 2 years to learn and develope.

queston:  what is the goal of the company
we are selling books of business, assets, and substantial amount of backoffice work needs to be done to do the settlements.
we are not going to try and develope new business.

question:  org chart?
We should be developing one over the next few weeks.

came here 5 years ago, Mechanical enigeer, sold his business FMES in 1997 to EES and been with EES every since.


http://www.consultrci.com

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

Read SCIENTECH's free SourceBook Weekly article: "Australia: Jewel in the
Crown for Some U.S. Investors" at:
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===============================================================
SCIENTECH IssueAlert, October 9, 2000
Oil and Natural-Gas Shortages: Will They Create a Winter of Discontent?
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

U.S. retail energy fuel costs, already high by historical standards, are
expected to remain high this winter due to crude prices that are projected
to remain at levels unseen since the Gulf War, said the Department of Energy
on Friday. In addition, households that use natural gas are likely to see
the largest year-on-year percentage increase in their bills as well, according
to the Energy Information Administration (EIA). The agency said U.S. residents
can expect heating expenditures to increase by 25 percent for heating oil
and propane and 40 percent for natural gas.

ANALYSIS: Despite common belief to the contrary, there is a direct correlation
between the price cycles of oil and natural gas. The fact that there are
legitimate concerns surrounding the availability of both power sources
gives validity to the warnings of price increases this winter. When fuel
prices are low and natural-gas supplies are abundant, there is arguably
little connection between the two. However, the present situation as we
head into winter is the exact opposite*high oil prices and a comprised
supply of natural gas, leaving the two unquestionably intertwined. As energy
users opt to switch from oil to natural gas, this affects natural gas supply
and raises gas prices.

How did we arrive at this alarming situation, which may have been justifiably
labeled an "energy crisis"? Regarding oil, in 1998 the worldwide oil industry
witnessed a decline in oil prices*spawned in part by the economic problems
in Asia*which hit a low of less than $10 a barrel in March 1998. Oil producers
voluntarily initiated decreased production, which unsurprisingly started
a swift climb in prices in 1999, as demand started to increase in a
rejuvenated
Asia and the United States. Together, this has created a volatile mix of
substantially higher crude oil prices, lower inventories and increased
demand. Even though OPEC has made promises of up to 1.1 million additional
barrels of crude oil per day*a result of political pressure put on it by
the United States and other countries*it may not be able to force its members
to increase production, as obviously it's in the best interest of oil
producers
to keep supplies tight and prices high. In addition, even if they materialize,
these increases promised by OPEC may not be enough to meet growing demand.
This is alarming as the United States is very reliant on foreign oil, which
already accounts for about half of U.S. oil use.

The high price of oil has sent many customers looking for natural gas,
only to find that it is also in questionable supply. Most reports suggest
that natural gas heats about 55 percent of all U.S. homes. The imbalance
between supply and demand found in the oil industry is also found in natural
gas, resulting in a projected 20 to 40 percent increase in heating bills
this winter. Over the last month, prices for natural-gas futures have climbed
to record levels of more than $5 per million Btus. Yet, unlike oil, most
of the blame placed on low supply for natural gas focuses on the United
States rather than other countries. A reported 60 percent of federal lands
have been placed off limits to natural-gas drillers, leaving as many as
200 million acres (out of a total of 1.5 billion) available but restricted
for natural-gas expansion. The Clinton administration and environmental
groups have been fiercely protective of federal reserve lands and prohibited
drilling for natural gas (or oil) in states like Alaska, where some 36
trillion cubic feet of gas is known to be locked underground. At the same
time, EPA standards have become so pro-natural gas over the last decade
that few coal-fired plants have been built in the last 10-20 years, placing
an increasingly high dependence on natural gas, even though alternative
fuels are not necessarily available to serve as a substitute.

Given the connection between oil and natural gas, any successful attempt
to lower oil prices would in turn help to lower natural-gas prices. The
ability to rely more heavily on oil once again would decrease the need
for fuel switching, thus reducing the present burden on natural gas. Toward
this end, in late September President Clinton authorized the release of
30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve
(SPR), the nation's emergency oil stockpile. The president's action caused
additional alarm in some groups who said that the need to tap into emergency
supplies so early in the season signaled real trouble with oil supplies.
Others said the 30 million barrels would do little to ease the problem,
and that it would take between 2 and 3 million barrels a day for one month
to reduce current crude oil prices.

So what is the solution? As noted, the issue has become politically polarized.
Within their campaign proposals, Gov. Bush proposes spending $7.1 billion
to open up U.S. energy resources and reduce dependence on foreign sources.
Specifically, Bush has proposed, among other things, opening 8 percent
of the Arctic National Wildlife Range, which probably contains about 10
billion barrels of oil. Vice President Gore opposes drilling in federal
land, and instead aims to protect the U.S. environment, increase reliance
on low-pollution fuels and focus on energy-efficiency / lower consumption
programs. Articulating the Democratic position on this issue, Senator Joe
Lieberman made the following comments last week in the vice presidential
debate: "There are more resources within the United States. If we can get
three miles more per gallon from our cars, we'll get a million*we'll save
a million barrels of oil a day, which is exactly what the refuge, at its
best, in Alaska, would produce(We've got to develop fuel cells, alternative
energy. We've got to encourage people to conserve..."

But what is the answer now, as winter fast approaches? Unfortunately, natural
gas has no emergency fund like the SPR which it can tap into. The degree
to which the oil/gas supply issue will have a dramatic impact this winter
will depend on the weather. The colder the temperature, the greater the
need for heating power sources, which will drive up the cost for both oil
and natural gas. Meteorologists are predicting a tough winter, one that
in actuality may be near normal but will seem colder after the four past
winters, which were unusually mild due to La Nia. Already, temperatures
are dipping to surprising lows across the country. Considering that it
is only early October, warnings are continuing to accumulate that supply
will be stretched to meet demand, which unquestionably will drive up the
price of energy bills.

Looking forward, much of what happens from here will depend on which candidate
is elected in November. Most within the energy industry agree that more
production is the only answer to supply concerns. Yet, expanding production
will not be an easy task, especially in an election year. This is not an
issue that is gaining high priority within Congress, as politicians aim
to end their session before the presidential election. With such exceedingly
opposed candidates, the impact that the imminent election will have on
future energy policy cannot be underestimated.

==============================================================

SCIENTECH can help you find the answers you need.  From simple questions
to complex problems, our experts and consultants will get results. Learn
more about our six service areas at:

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/About_RCI.html

===============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products including e-commerce and telecom in the electric utility
industry. If you would like to refer a colleague to receive our free, daily
IssueAlerts, please reply to this email and include their full name and
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Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and in the body of the email type "remove."


Start Date: 4/24/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042404.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 4 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2


The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=11/27/2001>, published as of 11/27/2001 is now available for viewing on the website.


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

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MLENHAR>
To: ross_berthelot@bankone.com@ENRON
CC: CN=Scott Naquin <naquinscott@yahoo.com/O=, Clint Eilbeck>, Myers Namie <myersnamie@yahoo.com>@SMTP@enronXgate, Denis Naquin <denisnaq@home.com>@SMTP@enronXgate, Tommy Porteous <tporteous@lemle.com>@SMTP@enronXgate, COREY ROBICHEAUX <cjrob23@msn.com>@SMTP@enronXgate, Tanya Flynn <tennis70810@yahoo.com>@SMTP@enronXgate, Mike Gooch <mcg742000@yahoo.com>@SMTP@enronXgate, Bernard Guste <bguste@wewill4u.com>@SMTP@enronXgate, chufft@bellsouth.net@SMTP@enronXgate, Scott Dehart <dehart81@hotmail.com>@SMTP@enronXgate, don edgerton <edgeconstruct@aol.com>@SMTP@enronXgate
Date: Wednesday, October 24, 2001 5:10:28 GMT
Subject:

thanks for including me.  i don't think i will be able to make a ski trip durning that period.  i have to go to miami and party on south beach.  sorry.  maybe if something was scheduled around spring skiing (feb-mar)  i could definately go.  robicheaux is bald?  i remember that bastard was so hairy when i was living with him.  i used to have to shave the soap in the shower after he used it.  i know some of the houston guys would like to go skiing so keep us informed.

 -----Original Message-----
From: 	ross_berthelot@bankone.com@ENRON
Sent:	Wednesday, October 24, 2001 10:39 AM
To:	Lenhart, Matthew
Cc:	"Scott Naquin <naquinscott@yahoo.com>, Clint Eilbeck"; Myers Namie; Denis Naquin; Tommy Porteous; COREY ROBICHEAUX; Tanya Flynn; Mike Gooch; Bernard Guste; chufft@bellsouth.net; Scott Dehart; don edgerton
Subject:	RE: THE OFFICIAL SNOW REPORT!!!!!

Lenny! jumping in the conversation without missing a beat....good to have
you with us. Nice comedy....but the only fat, bald 30 year old is the
Dogger. (just kidding dog, you's not fat....you's just fluffy). Don is
bald, but not fat. Roby is balding, but just a little "stocky". Clint has a
belly, but is not balding. Other than that, we are all pretty normal
(please use that term loosely).

Your parents would love to have us at their crib. Dog could rummage through
all of your belongings, eat all of your parents' food, and wake them up at
the ass crack of dawn with scrambled eggs and jumby. Roby could show your
mom "a good time". Porteous, Clay, and Myers could talk to your dad about
his company's legal shortcomings. Bernie could sell you all some much
needed life insurance. Clint could smoke, and Dehart could clear his lungs
so that he could ski without falling dead on the slopes. Gooch could lend
Don the money to build an addition to your maw's bathroom (so that Dog and
Roby could smell it up). And Naquin could try to get with your sister, take
notes of the whole weekend's proceedings, and make copies for all of us to
remember them by.

Porthole....see if Timmy, Tricia, Mike Thomas, etc. would be interested in
going on the trip...Lenny....see about all of your Houston Fiji buddies
(house bitch, Tim, Val, etc.). Tell Tim we'll let him bring his new wife
with him, too, although that might mean that there could be up to 3 Phi
Mu's on the trip....quorum could be met, and "the Phi Mu Crew" might be in
full effect; God help us.

Clint, what about Freret and Dawn (that might make 4 Mu's)?

Anyone else we can think of who might be interested in this trip (Jan 10 -
14th)?

Ross F. Berthelot
Underwriter
Commercial Real Estate
Ph:   (225) 332-4252
Fax: (225) 332-3154

This transmission 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 disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. If you received this transmission in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. Thank you.


Just a few of questions.

1. Will Kevin take MTM income on this position on "day one?"

2. Why just 5 years sold?

3. Does your 9% contemplate covering depreciation?

Wes

John J Lavorato@ENRON
12/11/2000 08:44 AM
To: Kevin M Presto/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Don Miller/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT
cc:
Subject:

The following points refer to the methodology that we are taking to rebook
the New Albany Plant.  Please send me a note immediately if you disagree.
Assume that NewAlb is a non mark to market entity and Enron is the mark to
market entity.  However, it is fully owned and operated by us for now.

*  The power mark to market book will pay NewAlb a capacity payment of $4.87
for 5 years.  We shaped this payment as follows:

2001 - $5.06
2002 - $4.96
2003 - $4.86
2004 - $4.75
2005 - $4.65

*  This payments allows Enron to supply gas to NewAlb and receive power.

*  Enron will pay NewAlb $1000 per unit start.

*  Enron will also pay NewAlb $1.05/MW hour for varialbe o&m.

*  This will create an entity "NewAlb" that will return 9% assuming a book
value of $336/kw on 12/31/2005 vs. 409 currently.

*  If NewAlb pays the 9% out that entity should be relatively flat each year
for the next five.


Traci,

I have visited Georgia Tech on Thursday.
One of the students indicated that he is
interested in a summer internship.
He came across as a very bright person,
very personable.

I can take him as a summer intern.

Vince

 -----Original Message-----
From: 	Sung-Joo Lee <goldconn@isye.gatech.edu>@ENRON
Sent:	Thursday, November 01, 2001 9:21 PM
To:	vkamins@enron.com
Cc:	Sung-Joo Lee
Subject:	Resume and cover letter

Dear Dr. Vincent Kaminski,

Hi. How are you doing? I hope you have a good flight back to home.
It was a good opportunity to know about Enron and its finance sector.
Thank you for your time.

I have already submitted my resume and cover letter right after the talk.
However, you ask me to send a copy of resume and cover letter again. Those
attachments are what I was asked. Again, it was a good chance for me to
get to know what I can do in this field and what I have to more focus on
in school.

I am looking forward to hearing from you soon and have a nice day.
Thank you.

************************************************
Sungjoo Lee
Stochastic Processes and Simulation in Finance
Georgia Institute of Technology
School of Industrial and Systems Engineering

E-mail address:   goldconn@isye.gatech.edu
		  gte114t@prism.gatech.edu

Home : 404-449-1026   Office: Coming Soon!

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

 - Lisa_coverletter.doc
 - Lisa_resume.doc


Do we want to make this official ?


Here's a draft.


Please see the attached document.

Jeff


Elizabeth and Christian:

Please brief me on what impact you believe the FERC proposed order could have
on our contracts.

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/03/2000 04:33 PM -----

	Steven J Kean@ENRON
	11/01/2000 03:43 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: USA: FACTBOX-FERC details changes for Calif power market.

Joe Hartsoe, Rick Shapiro, or Jim Steffes can fill you in on the details of
what FERC did today.  One question you need to think about is how their
decision on price caps affects any contracts which we may have indexed to
California's spot market.  The way it reports the market clearing price will
change fundamentally if prices over 150 will be accepted but not used to
clear the market for all bids.  So, if we are using this as a reference price
in our contracts it may trigger the need to look for alternatives.
----- Forwarded by Steven J Kean/NA/Enron on 11/01/2000 03:39 PM -----

	Ann M Schmidt
	11/01/2000 10:37 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Meredith
Philipp/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Elizabeth
Linnell/NA/Enron@Enron, Eric Thode/Corp/Enron@ENRON, Laura
Schwartz/Corp/Enron@Enron, Jeannie Mandelker/HOU/ECT@ECT, Mary
Clark/Corp/Enron@ENRON, Damon Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Keith Miceli/Corp/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron
		 cc:
		 Subject: USA: FACTBOX-FERC details changes for Calif power market.

USA: FACTBOX-FERC details changes for Calif power market.

11/01/2000
Reuters English News Service
(C) Reuters Limited 2000.

WASHINGTON, Nov 1 (Reuters) - The U.S. Federal Energy Regulatory Commission
on Wednesday approved several actions to revamp California's power market
over the next two years.
Immediate changes include the following:
* Eliminate requirement that three utilities - Pacific Gas & Electric, San
Diego Power and SoCal Edison - must sell all of their power to and buy all
their power from the state Power Exchange (PX).
* Require market participants to schedule 95 percent of their transactions in
the day-ahead markets to reduce chronic underscheduling of load and
generation and over-reliance on the ISO's real-time imbalance market to meet
supply. FERC also proposed a penalty charge for scheduling deviations in
excess of 5 percent of hourly load requirements.
* Temporary modification of the single-price auction so bids above $150 MWh
cannot set the market clearing price paid to all bidders.
* Establish independent, non-stakeholder governing boards for the California
Power Exchange (PX) and Independent System Operator (ISO).
* Create congestion management design proposal.
* Establish generation inter-connection procedures.
* Explore alternatives to the single price auction by the ISO and PX.
* Develop market rules to ensure sufficient supply is available to meet load
and reserve requirements.
FERC also approved changes to protect wholesale customers from unreasonable
rates during the time it will take to adopt longer-term market remedies. The
following price mitigation measures will remain in effect until Dec. 31,
2002:
* Single-price auctions for all sales in the ISO and PX markets at or below
$150 MWh. The single price would be used for all load which clears below this
amount in the auction.
* If an auction does not clear below the $150 MWh level, suppliers who choose
to bid above $150 would be paid their price bid. In other words, the highest
bid of the day, if above $150 per MWh, would no longer be the clearing price
paid by all.
* Sellers receiving above $150 per MWh would be required to report their bids
to FERC on a weekly basis and provide certain cost information to the agency.
* The ISO and PX would be required to report monthly information on such
bids, allowing FERC to monitor competitive conditions and assure just and
reasonable rates. Sellers would be subject to potential refund liability but
no lower than their marginal or opportunity cost if FERC finds
non-competitive conditions. The potential refund liability would extend the
full 24 months it would take to implement the market reforms.

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


Mark:  just a "heads up" that we may be called to react to this attached
NYMERX press release since Enron added the provisions they oppose in the
release.  H.R. 4541 passed the House 377-4 last evening and Enron strongly
supports the legislation (I will e-mail Ken Lay's letter to Chairman Combest
which expresses our support plus some talking points for your information.)
There is a real opportunity to enact this legislation this Congress.  The
last deal which needs to be cut is with Senator Gramm (he is the only
obstacle to enactment in the Senate.)  The "Energy Provisions" discussed in
this press release are NOT IN PLAY and will not be changed in the Senate.  It
is other provisions which do not directly affect Enron which are being
negotiated.

Contrary to this release's statement, no House member (other than one member
who didn't make it for the vote,Congressman Baker) is asking for changes in
the Senate.  The overwhelming numbers speak for themselves.  All and all,
this press release is outlandish.

This will be our highest priority next week and changes occur by the hour.
Please call if you do indeed get press calls and need our assistance.  Many
thanks.

EXCHANGE EXPRESSES OUTRAGE AT HOUSE PASSAGE OF H.R. 4541

NEW YORK, NY, October 20, 2000 -- In response to passage by the House of
Representatives last night of H.R. 4541, the Commodity Futures
Modernization Act of 2000, New York Mercantile Exchange Chairman Daniel
Rappaport issued the following statement:

      The New York Mercantile Exchange finds it particularly egregious
that, by approving subsection (g) (3) of Section 106, the House would
not only remove the energy and metals marketplaces from public scrutiny
and regulatory oversight, but also do this in a fashion that
discriminates between established markets versus start-up electronic
forums.

It is particularly outrageous, at a time when every U.S. consumer is
feeling the impact of high energy prices, to allow lobbying by a small
group of vested interests to influence Congress to take these markets
out of the public eye and create an advantage for people to trade on
private, proprietary systems lacking the protections of a neutral
self-regulatory organization. Policy makers, regulators, and the
American public will be deprived of currently available information on
market participation, concentration, and financial performance.

This is not only a matter of ill-conceived public policy but is also
anti-competitive and directly contrary to the recommendations made by
the President'sWorking Group on financial markets.

Even House members who voted in favor of the bill have been publicly
quoted as saying that it must be changed in the Senate.

The New York Mercantile Exchange plans to fight adamantly at the Senate
level to demand that this subsection either be eliminated or be amended
to create a consistent regulatory policy for electronic and open outcry
markets.

# # #

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

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intended recipient, please delete the e-mail and notify us
immediately.


do you mind if i go out with the boys from work tonight?


Went home and went to bed buddy!  So which of the lovely young ladies did you
spend time with?

Chad Gronvold
06/26/2000 07:11 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject:

So, what did you end up doing Saturday night?  Did Ingrid come over?  You
should have gone to the Black Swan!


Good morning:  Nothing with Gulf Power except you inquiry of August, 2000.
Kay

Kay Young
Legal Specialist
Enron North America Corp.
Ph:   713-853-6794
Fax: 713-646-3393


Dear Michael,  Solar and wind power have long been used as renewable sources of energy.  On Wednesday, we'll have a report on an interesting alternative to these renewables.  ENL's Gale Smith will tell us about a Louisiana company that is using rice hulls to produce electricity.  Catch Gale's report from Houston tomorrow.   The Enron/Dynegy negotiations continue and Gale tells me the Houston bureau is keeping close tabs on all developments.   Standard & Poor's Ratings Services' David Hitchcock will talk to ENL's Kym McNicholas Wednesday about California's current credit rating.  The state is set to issue a proposed $12.5 billion in revenue bonds and Hitchcock will discuss whether renegotiating California's long-term power contracts could delay the process.     Kym will also speak with the Executive Director of the California Natural Gas Producers Association John Martini.  He'll address the unspecified threats to U.S. pipelines.  Watch for those details from the West Coast bureau on Wednesday.   We'll have an interview from the Chicago Mercantile Exchange on Wednesday.  Alaron Trading Vice President Phil Flynn will join us to discuss the API and DOE numbers and tell us what's going on with the brewing OPEC price war.  We'll hear from Flynn during the noon ET newscast tomorrow.    Closing Prices for Tuesday, Nov. 27, 2001    Crude: $19.48 +$0.79   Unleaded: $0.5381 +$0.0164   Heating Oil: $0.5394 +$0.0177   Natural Gas: $2.606 -$0.09   We'll have live coverage from Anchorage, Alaska on Thursday. Houston Correspondent Kim Benestante is covering "Alaska Resources 2002: Can Alaska Compete?"  Catch reports from Anchorage on Thursday.   Also on Thursday, ENL's Gale Smith will attend the Arctic Gas Symposium in Houston.  The symposium will address supplying the North American market and bring us a pipeline route update, among other topics.     Keep in mind things are subject to change at a moment's notice. Occasionally guests have to cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Video Windows Media Player: 56K  |  100K  |  300K  Real Player: 56K  |  100K  |  300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/14/2001 07:45 PM -----

	Vicki Sharp@EES
	03/14/2001 03:03 PM

		 To: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, David W
Delainey/HOU/EES@EES, James Derrick/Enron@EnronXGate, Janet R
Dietrich/HOU/EES@EES
		 cc: Robert C Williams/Enron@EnronXGate, Mike D Smith/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Evan Hughes/HOU/EES@EES, Tom Riley/Western
Region/The Bentley Company@Exchange, Peggy Mahoney/HOU/EES@EES
		 Subject: Summary of Enron's filing in UC/CSU case

Attached is a summary of the Enron's motion in opposition to  UC/CSU's motion
for an expedited hearing schedule.  The documents will be filed later today
and circulated to the working group.  Once this filing is made we will turn
our efforts to preparing our answer to their complaint, and continue
developing our strategy on the counterclaim.

Thanks to Bob Williams, Mike Smith,  Evan Hughes,  Jeff Dasovich, Dennis
Benevides, Peggy Mahoney,and Tom Riley for their efforts in this matter.


Start Date: 4/12/01; HourAhead hour: 16;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041216.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 16 / Preferred:  20.00 / Final:  19.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/12/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_BERT
  ENGY_TYPE: FIRM


Angie asked me to imput VNG contract 100104.  I didn't know the rate.  Sitara
deal 484810.
Scott


Sam:  Please get on my calendar to discuss maintenance of the log and contract review items.  Sara

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Sara,

You had asked me to retrieve from Bear Stearns a copy of our initial/unused guaranty that you (or Stephanie?) sent to them.  As you know from the emails that I forwarded to you, I had contacted their counsel several times asking that she return the guaranty.  Anna finally called me back today to say outright that they lost both the executed version and any copies.  Anna suggested that as a remedy we could draft some document memorializing its status.   Let me know if you want me  to forward the voicemail or if there is anything I can do to help.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/


Charles Schwab & Co., Inc.

Internet Daily for Friday, May 18, 2001
by Frank Barnako CBS MarketWatch.com

-----------------------------------------------------------------
Amazon goes to the movies

Years after acquiring one of the Internet's richest entertainment
database sites, Amazon.com has begun promoting movies. A new tab
on the Amazon site called In Theaters takes visitors to a page
promoting three new releases, including "Pearl Harbor," the
much-touted Memorial Day release from Walt Disney Co.'s
Touchstone Pictures. Movie trailers are available. Amazon.com
also is offering a customized e-mail alerting registrants to what
films are playing, and when, in their zip-code each weekend. The
company's Internet Movie Database is linked to the promotion
page, providing additional detailed information and reviews.

The first In Theaters advertiser is Disney Co.'s Buena Vista
Pictures Marketing. This is believed to be the initial instance
of Amazon.com taking money for running advertisements. Amazon.com
says its existing database of customers' purchases and interests
will also prove to be a valuable resource for films. Just as the
site does with books and music, it intends to make
recommendations of films and alert users to similar films that
may be of interest.

-----------------------------------------------------------------
KB Toys in new EToys.com pact

KB Toys said Friday it has bid approximately $3.35 million to buy
intellectual property assets and services of bankrupt online
retailer EToys. The deal covers trade names, logos, URLs and
trademarks. EToys also has agreed to contact customers and tell
them they can continue to make purchases online via the
KBkids.com Web site. Last month, KB Toys bought inventory assets
of EToys. Besides its online presence, KB Toys operates more than
1,300 stores in shopping malls.

-----------------------------------------------------------------
Munder's Net fund said to reopen

Munder Capital Management, a unit of Comerica Inc., is reported
to be planning to reopen its NetNet Fund after closing it a year
ago. The fund, with $2.4 billion in assets, is down 26% in the
year to date, after losing 54% last year, according to
Morningstar. The fund's board approved the reopening to new
investments this week, according to The Wall Street Journal. Fund
manager Paul Cook reports that investor redemptions are slowing
and that some existing owners are making new investments. "Almost
all the stocks in the technology universe are easier to buy these
days," he told the Journal.

-----------------------------------------------------------------
MusicNet shown to Congress

RealNetworks briefly showed members of the House Internet and
Intellectual Property Subcommittee an initial version of
MusicNet, a digital subscription service that it co-owns with AOL
Time Warner, Bertelsmann and EMI Group. As part of testimony on
copyright and publishers' rights as they are affected by music
distribution on the Internet, RealNetworks Chairman Rob Glaser
accessed the service. Operating in a manner similar to Napster,
keyword searches returned music files, which were then
downloaded. Glaser said users most likely will subscribe on a
monthly basis, securing a renewable license to use the music for
an established period of time.

During the hearing, witnesses -- including Vivendi Universal's
Edgar Bronfman as well as Glaser -- were advised to settle
licensing and royalty payment issues behind the scenes. "I'm
suggesting to you that you continue your negotiations, in a
woodshed or around a dining room table," said Rep. Howard Coble,
R-N.C., the panel's chairman, according to the Hollywood
Reporter. In what's been a particularly sticky issue for the
entertainment industry, music labels have been unable to reach
agreement on additional compensation due artists and publishers
for digital distribution.

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

For late-breaking market news you can't afford to miss, go to
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Copyright 2001 CBS MarketWatch. All rights reserved.
Commercial use or redistribution in any form, printed or
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Distribution by Quris, Inc.


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 12/15/99
11:42 AM ---------------------------

Helen_Godel@clyde.co.uk on 12/15/99 06:30:56 AM
To: Gail Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
richard_b_sanders.ect%ei.enron.com@clyde.co.uk (bcc: Richard B
Sanders/HOU/ECT)
Subject: Havmann

Gail -

To answer your questions, and being brief in this complicated case, I am
optimistic about the changes of a recovery against charterers' liability
underwriters.

Were we to revive the arbitration and it went to a final hearing on merits, I
rate the chances of success as 60:40 in our favour.  Underwriters have pleaded
the defence of inherent vice in the adjourned arbitration but the burden of
proof is firmly on them.  Further, Minton Treharne & Davies, our experts,
believe that the cargo was borderline on spec. and became off-spec. for
transit-related reasons (which cannot be blamed on the ship).  In our favour,
we
have the Samarec certificate of quality and one loadport sample ex ship
showing
the cargo on spec.  Against this is the circumstantial evidence of problems on
other ships and what will be a sustained technical attack on the credibility
of
the Samarec certificate by a chemistry expert.

My instincts tell me we shall never reach a final hearing.  We will have to
revive the arbitration without doubt, but underwriters in my view have not got
the stomach for a fight.  I think they will try to settle for an agreed
figure,
and will look to Enron to discount their claim.  We shall claim against them
on
top of the settlement sum (yet to be paid by you), various costs and
disbursements incurred in defending shipowners' claims.  In my view they were
all reasonably incurred.  Underwriters were given every opportunity to settle
with shipowners but choose to do nothing.  They did not even bother to attend
the mediation.

To answer your queries on fees, the amount we are holding on client account is
approximately USD111,000 (Navigas settlement monies plus refund of arbitration
deposit less paid Clyde & Co. accounts).  Unbilled costs are approximately
o7,000 and unbilled disbursements o25,000.

Regards,
David Best.

__________________________

This e-mail and any files transmitted with it are confidential and intended
solely for the use of the individual or entity to whom they are addressed.
Any
views or opinions expressed within this e-mail are those of the author and do
not necessarily represent those of Clyde & Co.  If you have received this
e-mail
in error, please contact Clyde & Co.

Telephone:     +44-171 623 1244
Facsimile:     +44-171 623 5427
email:         postmaster@clyde.co.uk
Internet:      http://www.clydeco.com


Start Date: 4/23/01; HourAhead hour: 10;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042310.txt


I have confirmed with Rusty at Shell for October.  Expected flows by meter
are as follows:

 1060 - East Low Pressure:  35M
 1061 - West Low Pressure: 0M
 1095 - Shell South: 40M
 1581 - Shell High Pressure: 15M

The numbers may flip around in a couple of weeks, after they bring some units
back on at Meter 1581.  We need to just be sure that they keep a rate between
points of 90M/Day.

Please let me know if you have any questions, comments.

Thank you,

Mary


are u serious?  jeff

	7409949@skytel.com
	04/27/2001 02:06 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject:

Reply Message:
Reply from RICK SHAPIRO  is No to Jeff.Dasovich@enron.com||you ever get the
Brattle

Original Message:
Jeff.Dasovich@enron.com||you ever get the Brattle prez?  jeff


Further to my recent mail, here is another one regarding the FX business in
New York acquired as part of the assets of Rudolf Wolff.

Tina, I need to discuss the softs and FX business with you today in view of
my impending absence. Please ask Jon Barrett to copy you in on the mails.

Regards
Janine
---------------------- Forwarded by Janine Juggins/LON/ECT on 03/08/2000
14:14 ---------------------------

Jon Barrett@MGLTD
03/08/2000 14:10
To: GILBERGD@sullcrom.com
cc: Janine Juggins/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Trena
McFarland/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Kevin
Rhodes/MGLTD_London/MGLTD@MGLTD, Sid Tipples/MGLTD_London/MGLTD@MGLTD

Subject: Re: Foreign Exchange from a US entity

David

The US entity we're considering at the moment is an FCM, regulated by the
CFTC and which is a member of NYMEX/COMEX. It currently clears the NY
exchanges metals business for the group. It will probably be utilised to
clear the NY exchange energy business following the Enron tie up. It may
assist in clearing CSCE business but is unlikely at this stage to be looking
to be a CSCE exchange member.

It currently has capital of $2 million and subordinated debt of $20 million.
Profits are generally paid out in the form of a dividend so although it may
have a small amount of retained profit it won't be material. Currently it has
about $10 million of regulatory capital requirements.

Depending on your advice, we may consider an un-regulated company with, at
the moment, not very much capital. This latter point could be rectified,
either with subordinated debt or capital injection. The EFP customer
facilities (approximately 50% of the business) may prohibit this.

I hope this is enough info.

Best regards.

Jon

GILBERGD@sullcrom.com on 03/08/2000 03:57:28
To: jbarrett
cc:

Subject: Re: Foreign Exchange from a US entity

Thanks.  I will prepare a memo.  One question on your e-mail -- can you give
me a bit more information about the US entity that will be the FX dealer?
For example, is it currently regulated in any respect?  Is it, or will it be,
engaged in any other businesses?  How large is it in terms of assets or net
worth?  Thanks.  I'll get back to you soon.

>>> <jbarrett@mgltd.com> 08/01 1:32 PM >>>

David

Further to our recent telephone conversation, we would be grateful if you
would
give us a brief written summary on the regulatory and/or legal issues
governing
a US corporation transacting foreign exchange with US and non-US customers. My
basic understanding of our telephone conversation was that, as a non-bank,
neither the Fed, the SEC nor the CFTC have any jurisdiction. However the
Commodities Exchange Act prohibits us from contracting with certain types of
counterparties.

The potential business we are looking at currently covers outright foreign
exchange with counterparties such as banks, securities houses, funds,
corporates
and, possibly, high net worth individuals. The business also covers the
provision of EFP facilities for these customers whereby they ultimately
receive
a currency futures position on the IMM division of the CME or on FINEX. This
latter area is one where, from the Exchanges' points of view, we would
effectively be acting as an executing broker.

I hope this brief description is enough for you to be able to respond but if
you
have any questions or would like further clarification, you can contact me by
e-mail or by telephone on +44 20 7265 5421.

Thank you for your help in this.

Kind regards.

Jon Barrett

The information contained in this e-mail message and any files transmitted
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Roman,

I shall type in English (faster).

I was trying to locate you for some time after you left SCEM. I shall be glad
to
meet for dinner/coffee and chat. Please, send me your phone number.

I have just come back from Poland and go through my mail. I shall try to
reach you later
this week.

Vince

Roman Kosecki <rkosecki@mieco.com> on 09/25/2000 12:06:12 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:

Hello Vince,
   NIe bardzo wiem czy pisac po polsku czy po angielsku :)
   Co u Ciebie slychac ?
  U mnie troche zmian jak ze juz nie pracuje w SCEM ,  a przenioslem sie do
MIECO  ( a small Marubeni backed energy-america trading company ) . Bardzo
rozne od SCEM. Najbardzij przypomina mi SCEM na poczatku z Joe, jak bylo
20-30 osob. Sa i minusy i plusy. Troche structure i research ale przede
wszystkim weather.   TRrovhe latam miedzy East i West bo sa officy w obydwu
miejscach.  California jest ok w zimie :).
   Na bardziej personalnym froncie;  pamietasz dinner na ktory poszlismy
kiedys na conferencji w NY z Catherine ( she used to work for Williams-
works for Morgan Stanley now ) ,  we are dating  ( for a while) . It is a
good story how we met. So we owe you dinner :)
   Jak bylem w Atlancie to pracowala dla mnie Christa Grey.  Bedzie teraz
konczyla grad school in international relations ( with Eastern European
slant ), i zastanawia sie czy sa jakies mozliwosci polaczenia tego co robila
ze "Wschodem".  Co robila to bylo przede wszystkim VB implementations modeli
, ( roznego rodzaju) , Web based data collections, basic research ,  teraz
jest w gas structuring etc.  She speaks russian and was in Ukraine/Poland
few times on Peace Corp assingments. She is very bright and dedicated.
Myslalem zeby ja zwabic do Californii ale ten Eastern European pociag jest u
niej silniejszy niz u mnie :). I have here resume, wiec jak bys myslal ze
jest jakis fit I will foreward it to you.
  Troche tak mieszanka pisze, przepraszam
  Bede chyba w Houston w pazdzierniku to moze bysmy sie mogli spotkac.
Latwiej pewnie by bylo w NY ( mieszkam po NJ stronie ( rent jest inny niz w
Atlancie :) (201) 222-0435), wiec daj mi znac jakbys mial czas i ochote.
Thanks
Roman


sounds like your working hard.


My thought is that the Enron contract is probably going away anyhow so that it makes sense to set this up for Jan 1.  I think the charges should be recorded to the balancing tools account.

 -----Original Message-----
From: 	Cady, Rachel
Sent:	Tuesday, December 11, 2001 8:27 AM
To:	Corman, Shelley; Lokey, Teb
Subject:	Gas Daily Table
Importance:	High

I finally got a price quote of $1990 per year on a package deal for one user.  Platts doesn't sell the data without a subsciption to the daily publication. The package includes the daily issues and data(table) and back issues and data.

Please let me know if you want me to go ahead and sign up for this package. I'll have to let Platts know the user's name and billing information etc...

Thanks.


please send them again so we can line them up.

-----Original Message-----
From: Randy Lasater [mailto:randylas@vail.net]
Sent: Wednesday, October 17, 2001 10:02 AM
To: Lucci, Paul T.
Subject: Re: Sunday

Most of what we'll see are properties I have already sent you, but I can send them again if you like.  What time did you have in mind.  Anytime is good for me.

Randy

----- Original Message -----
From: Lucci, Paul T. <mailto:Paul.T.Lucci@ENRON.com>
To: Randy Lasater <mailto:randylas@vail.net>
Sent: Wednesday, October 17, 2001 9:55 AM
Subject: RE: Sunday

Let's look to try and meet early rather than later, but who knows.  Also what about lining up properties between $200,000 and $350,000.  Thenw eeding them out based upon age and number of bedrooms (3).  If you can shoot us the listings first so Mark and I can narrow them down to around 10.

Thanks
Paul

-----Original Message-----
From: Randy Lasater [mailto:randylas@vail.net]
Sent: Wednesday, October 17, 2001 9:44 AM
To: Paul Lucci
Subject: Sunday

Paul,

Sunday's good, let me know if you need to change, otherwise I'll set up about 8 or 10 places to see.

Randy

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


EnronOptions Announcement

You can now access a web site that describes EnronOptions ) Your Stock Option
Program.  The web site contains some highlights of the EnronOptions Program
as well as some Frequently Asked Questions (FAQs).

Access EnronOptions ) Your Stock Option Program web site by clicking on
http://hrweb.enron.com or by typing the address into your web browser.

We hope you find the site helpful in addressing your questions about the
EnronOptions Program.  If you have any questions, please contact your H.R.
Representative.

There will be several EnronOptions - Your Stock Option Program presentations
throughout the month of January.  Stay tuned to a computer near you for
details.


I have read this series of e:mails but I am not sure that I fully understand
the issue.  Did Willie not do his job?  Are there problems with how SAP
works?  Are both of these an issue?  Please let me know if we have a far
reaching problem with SAP and netting.  Thanks.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/22/2000 04:29 PM
---------------------------

	From:  William S Bradford                           09/22/2000 04:04 PM

To: Sally Beck/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT
Subject: Re: Perry Gas -SAP Override issue

Sally,

Are you aware of the problems with SAP?  This error caused an incremental
$600,000 credit loss to Perry Gas Companies that could have been prevented.

Let me know if you have any questions.

Bill

---------------------- Forwarded by William S Bradford/HOU/ECT on 09/22/2000
04:02 PM ---------------------------

From:  Russell Diamond
     09/22/2000 03:01 PM

To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT
cc:
Subject: Re: Perry Gas -SAP Override issue

FYI-

---------------------- Forwarded by Russell Diamond/HOU/ECT on 09/22/2000
03:01 PM ---------------------------

	From:  Bryce Baxter                           09/22/2000 02:47 PM

To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: Perry Gas -SAP Override issue

Russell - as I remember, Willie finaled the Supply Verification and it was
interfaced to SAP.  This is fine, and then Willie was going to net the A/P
and A/R.  SAP went down after the statement was interfaced, but before Willie
was able to block or net the payment.  When SAP came back up the next day,
the payment had already gone out and we were unable to recall the wire.  If
you have any further questions about this, call me.  Thanks.

From:  Russell Diamond
     09/22/2000 01:46 PM

To: Willie Stewart/HOU/ECT@ECT
cc: Audrey Cook/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
Subject: Perry Gas -SAP Override issue

Willie,

Per our earlier conversation, can you or Audrey or Bryce, please give further
explain to me as to why the funds were wired to Perry Gas for purchases from
the counterparty instead on netting the amounts between purchases and sales.
You mentioned to me the process of overriding the counterparty's that net on
SAP, although because of timing, the override did not take place.

Thank you,

Russell


I'm sure I asked this question before - ENA will be paying all transport cost
for January, even if we did not get set up as agent, correct?


I should be in the office after 1100 on Friday.  Are you available?

Kay

	From:  Ben F Jacoby @ ECT                           09/12/2000 07:15 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON, Sheila Tweed/HOU/ECT@ECT
cc:

Subject: Re: ESA equipment purchase

My revisions. Let's discuss at your earliest convenience.

Ben

	From:  Kay Mann @ ENRON                           09/08/2000 01:48 PM

To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: ESA equipment purchase

Ben,

Here's a draft of an MOU for the sale of the LMs and ABB equipment to ESA.
One issue is when this transaction can close.  Since the equipment is owned
by WestLB and since the feeling is we don't want to involve WestLB in the
transaction, the actual transfer would take place at the termination of the
WestLB facility.  If another approach is preferred, we will need to circle
back with Lisa.

A second issue I see is with the concept that GE will need to look to both
ENA (or WestLB's successor) for some of the payments, but look to ESA for
payment for changes, storage, etc.  As far as I know, this concept hasn't
been addressed with GE.

I re-calculated the overhead charge, so you might want to check it out.

I look forward to your comments.

Kay


The contract administrator at Ameren Energy Inc., as agent (for and on hehalf
of Union Electric Company d/b/a Ameren UE, Ameren Energy Marketing Company,
and Ameren Energy Generating Company), has indicated that Ameren Services
Company will continue to be the agent for all transmission deals.  Please
choose

 AMEREN ENERGY INC AS AGENT FOR POWER TRADES

 and AMEREN SERVICES COMPANY FOR TRANSMISSION.

If you do not want to be on this distribution list, please reply and your
name will be removed.

Thank you.


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[IMAGE]TO UNSCRIBE FROM THIS LIST PLEASE CLICK  HERE


We are expecting  Willamette Industries back tomorrow.  Please be in touch
with them and Les, and maximize the profit for these guys (last month we made
$78,000).
Thanks,
Bill

Lester Rawson
04/20/2001 02:36 PM
To: Bill Williams III/PDX/ECT@ECT
cc:

Subject: Willamette

Real Time Traders,

Willamette Ind. expects to be back tomorrow 4/21. Doug Reiner will call in
the morning. Willamette expects to have 10 - 15 Mw available each hour.

Call me if there are any questions.

Les


Norma:  you are correct in that Sevil and I have spoken about her Green Card,
and before we can proceed with this, we need to transfer her from the F1 visa
to an HIB visa, which we will do later this year.

Sevil:  please contact me approx. June or July so that we can start the HIB
process.
Thanks
Margaret

From: Norma Villarreal/ENRON@enronXgate on 03/08/2001 06:31 PM
To: Sevil Yaman/Corp/Enron@Enron, Margaret Daffin/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ENRON, Vince J Kaminski/HOU/ECT@ECT
Subject: RE: green card

Sevil,

I believe you and Margret Daffin have spoken about the next steps for your
Green Card.   You will need to start working on you HIB at the begining of
October 2001.

If there is any confusion on my part please let me know.

Norma Villarreal
X31545

Below is dicussion between Margret Daffin and Sevil in an e:mail January 26,
2001:

"Sevil:  First of all we have to get you an HIB visa before we can work on
getting you the Green Card.

After you get your OPT, contact me sometime in the summer and I will start
working on your HIB visa which we will obtain in approx. October, 2001.  We
cannot start the green card process when you are still on an F1 visa - you
have to be on an HIB visa.  There is no rush - you will have six years on the
HIB visa - plenty of time in which to get the Green Card."

This was in reference to her note to me, as follows:

"I think I'll have time approximately until the end of 2002 by using cpt and
opt. this makes almost two years. if we can start green card process now, do
you think that I would get it before I need H1. In every case, can't we start
green card before I get H1? Because I don't want to waste these two years
given the fact that green card process is a long process."

 -----Original Message-----
From:  Yaman, Sevil
Sent: Thursday, March 08, 2001 3:59 PM
To: Daffin, Margaret
Cc: Norma Villarreal/HOU/ECT@ENRON
Subject: green card

I haven't heard back from any of you regarding my immigration status. Could
you please get back to me with the information about the initialization of my
green card process? Thank you.

Sevil Yaman
EB 1943
X58083


The Gospel Choir of Jones Memorial UMC cordially invites you to come out and
celebrate

"Oh, Magnify the Lord with Me...Let Us Rejoice and Be Glad!",

 an evening of singing, shouting, dancing, and making a joyful noise unto the
Lord on Friday, November 17, 2000 @ 7:30p

You don't want to miss this musical and praise dance extravanga!!

Directions (from downtown):

take 288S to 610E
take 610E and exit Cullen
turn right onto Cullen (there will be a gas station on the corner)
take Cullen to Holloway
(you will cross Belfort, Reed, Airport and the next street will be
Holloway-there is a Watkins grocery store and Texaco on the corners)
the Church will be on the left-hd side, you should see the steeple

Please let me know if these directions are not suitable for you.  Call me at
x-57209

I hope to see you all there!!
- - Lesley


What the fuck is up with that?
---------------------- Forwarded by Eric Bass/HOU/ECT on 03/22/2000 10:04 AM
---------------------------

	From:  Dolores Muzzy                           03/22/2000 09:52 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: CFA Reimbursement

You will get reimbursed once you have taken the exam.  After you have done
that you may use the education assistance form and turn it in to Randy Martin
for reimbursement.  This can only be done after the exam has been taken.

Thanks!
Dolores

	Enron North America Corp.

	From:  Eric Bass                           03/20/2000 11:23 AM

To: Dolores Muzzy/HOU/ECT@ECT
cc:
Subject: CFA Reimbursement

Dolores,

I have signed up for the CFA exam in June.  Who do I need to talk to to get a
reimbursement?

Thanks,

Eric


Hey, just wondering how your weekend of golf went.  Wouldn't want to be
accused of cutting off contact again.

P.S. -- I got a very interesting response from Plauche following the mass
email...he is definitely a different chap.


Welcome to Diabetes E-News Now!, Health Care Professional Edition.

You are receiving this newsletter by request. This weekly newsletter
provides you with the latest news and events occurring in the world of
diabetes and is brought to you by the American Diabetes Association.

Visit the online community of diabetes.org.
Explore.  Learn More.

__________________________________

THIS WEEK'S ISSUE INCLUDES:

IN THE NEWS...
Diabetes Increase Means More General Practitioner Involvement
Lifestyle Remains Key Diabetes Risk
Childhood Obesity Becoming Global Problem
Native American Conference Suggests Traditional Lifestyles

PROFESSIONAL EDUCATION...
The American Diabetes Association invites you to attend "Understanding
the Metabolic Syndrome: Effect on Diabetes and Cardiovascular Disease".
The American Diabetes Association's  49th Annual Advanced Postgraduate
Course, February 1-3, 2002 - San Francisco

ONLINE SHOPPING...
BOOK OF THE WEEK - Practical Carbohydrate Counting: A How-to-Teach Guide
for Health Professionals - NEW!

A MESSAGE FROM WebMD...
Help Your Patients Take Charge of Their Diet and Exercise Today!
__________________________________

IN THE NEWS...
Diabetes Increase Means More General Practitioner Involvement
Due to its alarming increase in prevalence in the last twenty years,
diabetes has gone from a "secondary care" or specialty issue to being a
condition in which every primary care physician must be competent to
diagnose and manage.  This article from Pulse recognizes the need for
general practice physicians to expand their diabetes resources and
become more aggressive in diagnosis and treatment.

To learn more about this story, click here:
http://ada.yellowbrix.com/pages/ada/Story.nsp?story_id=24560325&ID=ada

Lifestyle Remains Key Diabetes Risk
A recent article in the New England Journal of Medicine reevaluated the
landmark 1980-1996 Nurses Health Study, in which nearly 85,000 female
nurses aged 30 to 55 were regularly monitored for dietary intake,
smoking status, alcohol intake and physical activity.  Diabetes was
newly identified in 3,300 subjects in the study.  Lack of exercise, a
poor diet and current smoking were all associated with a significantly
increased risk of diabetes.

To learn more about this story, click here:
http://ada.yellowbrix.com/pages/ada/Story.nsp?story_id=24560276&ID=ada

Childhood Obesity Becoming Global Problem
Childhood obesity in the United States has grown to epidemic levels, say
public health officials.  Now, a recent study led by researchers at the
University of North Carolina at Chapel Hill finds that growing numbers
of young people in China and Russia are also overweight and obese.

To learn more about this story, click here:
http://ada.yellowbrix.com/pages/ada/Story.nsp?story_id=24585448&ID=ada

Native American Conference Suggests Traditional Lifestyles
According to the U.S. Indian Health Service, there were very few, if
any, known cases of diabetes among Native Americans before 1936.
However, today Native Americans have the highest incidence of any ethnic
group for type 2 diabetes. Earlier this week in Tulsa, OK delegates from
40 Native American tribes, representatives from the Centers for Disease
Control and Prevention and the World Health Organization, and various
health professionals attended the "Return to Your Roots" conference to
examine ways to combat this troubling public health program.  Much of
the conference focused on adopting traditional Native American lifestyle
habits as a means to improve their health.

To learn more about this story, click here:
http://ada.yellowbrix.com/pages/ada/Story.nsp?story_id=24431992&ID=ada

To learn more about how diabetes exists in the Native American Culture,
click here:
http://www.diabetes.org/main/community/outreach/native_americans/default2.jsp

PROFESSIONAL EDUCATION...
The American Diabetes Association invites you to attend "Understanding
the Metabolic Syndrome: Effect on Diabetes and Cardiovascular Disease".
This 2-day conference, cosponsored by the Council on Nutrition, Physical
Activity, and Metabolism of the American Heart Association, will bring
together scientists and clinicians with a special interest in diabetes
and cardiovascular disease.  The conference will be held at the Tempe
Mission Palms Hotel, in Tempe, Arizona on December 7-8, 2001.  Abstracts
are due no later than October 22, 2001. In addition to major lectures
the program will include poster presentations.

Abstract forms, registration materials and additional conference
information is available by clicking here:
http://www.diabetes.org/meetings/ms

The American Diabetes Association's  49th Annual Advanced Postgraduate
Course, February 1-3, 2002 - San Francisco
Join your colleagues in the city by the bay to learn about the latest
treatment and management advances in diabetes. The worlds leading
experts will share cutting-edge clinical research on: CVD and
Dyslipidemia in Diabetes; Diabetes as a Complication of HIV Infection; A
Status Report on the Cure for Type 1 Diabetes; Current and Future
Treatment Options for Type 2 Diabetes and its Complications; Cultural
Issues and Healthy Eating; Work and Schoolplace Discrimination Issues;
Lifestyle Management, and much, much more! Register by December 31, 2001
to take advantage of a reduced registration fee.

For additional program or registration information, visit the Web site:
http://www.diabetes.org/pg02.

ONLINE SHOPPING...
BOOK OF THE WEEK - Practical Carbohydrate Counting: A How-to-Teach Guide
for Health Professionals - NEW!
Help patients count carbohydrates correctly! In easy-to-read detail,
learn how to identify patterns throwing off a patient's blood sugar,
calculate insulin to CHO ratios, fine tune ratios, adapt to combination
therapy, and insulin pump delivery.

For more information or to order this book, click on the following link:
http://list.diabetes.org/UM/T.ASP?A19.22.199.1.97735

A MESSAGE FROM WebMD...
Help Your Patients Take Charge of Their Diet and Exercise Today!
WebMD's Diet & Fitness Journal will show your patients how to take
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daily diet and fitness routines, and much more --and it's at NO COST!

To learn more, click here:
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___________________________________

Some of the articles in Diabetes E-News Now! are generated from wire
service stories only and not by the American Diabetes Association.
Therefore, the American Diabetes Association has no control over the
editorial or grammatical content and does not endorse the information
contained in the articles. Neither the American Diabetes Association nor
any third-party provider of information guarantees the accuracy,
completeness, or usefulness of any content, nor its merchantability or
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If you do not wish to receive this electronic newsletter, please visit
the link below to update your subscription or unsubscribe.

http://www.diabetes.org/emaillist2.asp?email=Geoff.Storey@enron.com


I think we should also put the position report file in there that Jad/Couch created as a backup to the CEPos/East Positions.  Couch can you put the query file you set up for the price desk?
PL

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Thursday, December 13, 2001 12:18 PM
To:	Love, Phillip M.; Palmer, B. Scott; Couch, Greg; McLaughlin Jr., Errol; Gossett, Jeffrey C.; Valdes, John
Subject:	NetCo.

Jeff was able to create a Netco file under O:\erms\erms_adm without an erequest.  There is a file for each region out there now.  I will save the new p&l to each region but could each of you please pick an p&l from your region as a back-up just in case.

these are the files I know of

Exotica
P&L
Hedgestrips
All excel queries
Weapon-X & new version
Access financial reports
Exotics file
Transport model
Curve files

Do you guys have anything else?

Kam


Casey,

I ran a test deal through on EnronOnline.  Please verify that Deal ID 665070.1 in ENPOWER TEST is correct.  Please let me know so that we can go ahead and set this up in production.

eol deal #1631717

Thanks,

Melba
58986

Location:
Location Name (exact as Data Manager): Associated
Location long Description:  The transaction is for delivery or receipt of energy to any available point Into Associated System Border at Seller's daily election.
Trader Name:  Mike Carson
Book Administrator: Casey Evans
Risk book:  LT-SPP


Don't forget about the Cougars@Enron Christmas party tomorrow!!  If you have
not sent an RSVP, please do.  Hope to see you tomorrow or, if not, Merry
Christmas!!!

Jeff
---------------------- Forwarded by Jeff McClellan/HOU/EES on 12/13/2000
10:57 AM ---------------------------

Jeff McClellan
12/06/2000 04:14 PM
To: Jeff McClellan/HOU/EES@EES
cc:
Subject: Cougars@Enron Christmas Party 12/14/00

Christmas is upon us!!  Please see the below invitation and come join us on
Thursday 12/14/00 in the 50th floor executive dining room.  If you have never
seen the 50th floor decorated for Christmas, it should be a treat.  I hope to
see you there.  If you cannot make it, Happy holidays and goodwill to all.

Jeff McClellan
President - Cougars@Enron


Bob Badeer just entered the Cal-02 deal under Long Term California desk. Deal
# is 580382.

Thanks,
Kate

Stephanie Piwetz   04/12/2001 12:29 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: City of Riverside

Kate, just a heads up, I called to verbal a trade with Riverside and he
mentioned there was another one for Cal 02, we verballed 579012.01 for Q1
02.
Do not see other in system.

Thanks
Stephanie


I'm in.

 -----Original Message-----
From: 	Woulfe, Greg
Sent:	Tuesday, October 09, 2001 2:02 PM
To:	'John.Mee@Williams.com'
Subject:	RIBFEST -5- (Nov. 3rd)

The World Wide RibFest "celebration of the Rib" is coming up.  This will be the 5th annual ribfest, and John Mee has his work cut out for him to defend the title he won last year (for the second time).  I believe he will have a tough time, as the competition looks increasingly focused on unseating the former Bostonian from his Throne.

For those of you who haven't been to a ribfest in the past, it's a barbeque competition where 5 to 7 cooks compete to see who can produce the best Baby Back Ribs (if you want those Fred Flintstone beef ribs, you ain't getting them here).  A blind-judging takes place to determine the winner, but often the crowd gets up in arms and nominates a "peoples choice" (though this is not officially recognized by the sanctioning body).

Every year, my wife asks the following: 	"So, besides Ribs, beer and margaritas, what else will be served?"
			          I reply:	"Nothing comes to mind."
		               She replies:	"No."

As you might expect, she wins this discussion year in, year out.  So, appetizers, sides, desserts and food & drink for the kids are also served.  The competition around the grills gets a little rough, so I recommend that the young and faint-of-heart maintain a safe distance while the cooking and competition is taking place.  The appropriate College football games will be broadcast, so you don't have to worry about missing any games.

There are a couple of changes to this year's competition:
The competition will be held at the John Mee/Laura Benjamins compound in Bellaire
Mike Paradise (who won the very first ribfest) has stepped out of the competition this year citing "personal reasons"

Date & Time
Saturday November 3rd.  We fire the grills up around 12:00, and the judging takes place between 3:00 and 3:30.

Where
4807 Elm Street in Bellaire

Directions (from John Mee himself)
From downtown, take 59s to 610s. The first exit is the Bissonette//Fournace exit. Take this exit and go through the light, noting the gouging in the lamppost from that freak cherry-picker accident from last April. Before the Bisonette light, there is a big Chase Bank Building. Right before that building is Elm Street. Take a right on Elm Street exactly 236 yards to 4807 Elm Street. Go inside and ask for directions there, cause I really don't have a clue...
KIDS
Bring 'em!  We'll have the Moonwalk set up for them again this year, and we'll have hot dogs, burgers, popcorn and drinks for them.  The more kids the better.

What you need to bring
Nothing, except maybe some attitude to heckle the cooks while they try to concentrate.

RSVP
Call 	John and Laura  713 839 8700 -or-
	Greg and Martha 713 861 2766
We need to make sure we stock up enough ribs to go around.


Group,
I have purchased 8 mws from the service desk for Tuesday (04/10) in SP-15.
We bought 8 mws from a service customer through the APX.  I have made the
entries into CAPs for the purchase from APX.  I have inc'd load in ST-WBOM.
Load will need to be dec'd and the energy sold off. You may want to  combine
it with EES(or buy some mws to make it a whole piece to sell) and use NCPA to
move it North.  Or maybe export it at Silverpeak.  The schedule is as
follows.  8 mw, HE 1-24 on 04/10 in SP-15.  The price is $150 peak, and $100
off peak.  Purchase from Services is #574640, and purchase from APX is
#574629.  Please make any buy-resales and sales under ST-WBOM.
Please call with any questions.

Thanks,
Bill


Tom,

Can you send the info regarding SDDP to John?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/28/2000
10:52 AM ---------------------------

Vince J Kaminski
07/19/2000 06:41 PM
To: "O'Brien John" <jobrien@snowyhydro.com.au> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: SDDP

John,

I shall E-mail the information about SDDP  from Houston.

Vince

"O'Brien John" <jobrien@snowyhydro.com.au> on 07/18/2000 01:47:41 AM
To: vkamins@enron.com
cc:
Subject: SDDP

Vincent,

You kindly suggested that I email you with regard to some information you
have on the SDDP system (I'm not sure if I've got the abbreviation correct,
but it's something that is currently used in South America).

Your presentation was very interesting and informative.

Kind regards,

John O'Brien
Manager, Treasury & Risk Management
Snowy Hydro Trading Pty Ltd
Level 17, Bligh House
4 Bligh Street
Sydney NSW 2000


fyi

Kim
----- Forwarded by Kim Godfrey/Enron Communications on 12/11/00 01:55 PM -----

	Ali Khoja
	12/07/00 01:14 PM

		 To: Kim Godfrey/Enron Communications@Enron Communications, Anthony
Gilmore/Enron Communications@Enron Communications
		 cc:
		 Subject: Computer Associates - Meeting Notes

Stephen Down and I met with Computer Associates in Toronto yesterday. Here
are some of my thoughts on how it went.

We met with Julia in the morning -- went to CA's Toronto office, where we
made presentation on EBS. Later Julia made a presentation on Computer
Associates, their Sales manager talked about their "security suit of
products", we were given a demonstration of their UniCenter TNG software, and
then taken to lunch.  At lunch, we were joined by the President of Worldwide
Online Corporation (a Canadian startup).

About Computer Associates:
Computer Associates is a highly centralized organization run by its founders.
The company is the third largest independent software manufacturing business
in the world. It offers more then 800 software products. Like other companies
in their space, their stock has taken a beating this year losing more then
half its value (Jan 00: ~ $70, now ~$27)

Julia Ruslys, is part of their "Strategic Alliances" team -- their mandate is
to manage:
Strategic Business Alliances
Development Partner Program
eForce technology unit
Analyst relations

CA's APPROACH
Computer Associates sees EBS as a potential "development partner". Their
interest seems to be in a long-term alliance with EBS, where they can package
their software with a bundled network offering (from EBS) for their clients.
They claim that their main product UniCenter TNG has a 30% market share of IT
infrastructure management market. It is a cutting software package that can
manage all LANs or remote networks for an Enterprise. With a stunning graphic
interface, the software can be configured to manage:
All networks within an Enterprise
Each computer connected to a node within the enterprise can be monitored and
managed remotely (software installation etc.)
Their is a plethora of add-ons to the basic UniCenter package including some
advanced "Asset Management" tools that can predict future utilization through
a neural network architecture.

She commented that with UniCenter TNG, our clients have "full control and
flexibility over their whole network" EXCEPT  THEIR BANDWIDTH NEEDS.  EBS's
flexible and intelligent BOS, if integrated with UniCenter TNG, can provide
an enterprise complete control over their IT infrastructure with exceptional
flexibility. Similarly they have a keen interesting in developing and
expanding their storage solutions.

They seem to be interested in expanding their market opportunity and
increasing revenues through increasing the number of "CA certifications" and
joint selling initiatives. In other words, they would like EBS's network to
be CA-certified by developing compatibility between UniCenter TNG and IPNet
Connect. They currently have 1500 partners, including almost all top names in
IT infrastructure space.

EBS APPROACH CONVEYED
Although I think we have conveyed EBS's approach of "looking at specific
quick and clear opportunities", CA does not seem like a lean-mean
organization. Furthermore, the people that we met with, did not seem to have
an appreciation of the financial structuring and risk management capabilities
-- instead seemed to be disconnected with the corporate financial goals of
their organization. For example, when Steve Dowd talked about financial risk
management tools, their sales manager started talking about how they help
enterprises manage risk through their "security software packages."

WORLDWIDE ONLINE CORP.
Worldwide Online Corp. is a startup (with less then $2M revenues) that claims
to have good connections with CBC (Canadian Broadcasting Corp.)  They were in
contact with Brad Sims' group out of Portland. That group, at some point lost
interest in Worldwide because Worldwide are looking for video streaming
services. Being a start-up with no credit, it is understandable why they were
abandoned by us. Steve made it clear that he knows nothing about the deal and
he may give Brad a call. I personally do not see anything for us in the next
two quarters or so even though the company has been promised many sports
broadcast opportunities by CBC.

It is interesting that Worldwide Online is a small client of CA. Julia went
out of her way to convince us to meet with Worldwide Online. At one point, I
almost thought as if her main goal was to promote a dialogue between EBS and
Worldwide online.

NEXT STEPS:
Steve and I made it clear that it will be important for us to look at some
specific short to medium-term opportunity with CA. Julia is going to identify
the people in her organization whom we can have constructive dialogue with
regards to IP connectivity needs of CA (their network infrastructure
procurement team.)  At the same time, we had to show an interest in bringing
her team together with our product development people to see if any
integration opportunities exist between UniCenter TNG and IPNet Connect
BOS/Storage etc.

-Ali.


Bill and I are considering having Real time do the EPE preschedules since they are the ones that live and die by them anyway.  That way you would be released from that burden and any errors would be all on the ownership of RT.

 -----Original Message-----
From: 	Rawson, Lester
Sent:	Tuesday, January 29, 2002 1:20 PM
To:	El Paso dispatchers; Greg Grill; jhadda; Kathy Peterson; Luis Zaragoz; Powermarketing
Cc:	Semperger, Cara; Cutsforth, Diane
Subject:	1/30

I'll be out tomorrow and Thursday back on Friday.

Diane Cutsforth will be working on the EPE schedule. She can be reached at 503-464-3831.

See ya'll Friday.

Les

 << File: EPE_JAN_2002.xls >>


i will leave the choice to you all.  We just need to make sure there is
coverage.  Have a good one!

Daren J Farmer
06/22/2000 08:00 AM
To: Brenda F Herod/HOU/ECT@ECT
cc:
Subject: Vacation

BH,

I plan to be on vacation July 5-6 (finally) and on the customer trip on the
7th.  While I am out, Gary Hanks will be keeping our position during
trading.  Stacey will be in charge of everything else.  I am comfortable that
everything will be covered.

I will be back in town Thursday night.  The primary flight for the customer
trip leaves around 11:30.  Others leave at 3:30 and 5:30(?).   The latest
idea we had is that Pat would take a later flight on this trip and I will
take a later flight on the August trip, allowing one of us to be in the
office for half the day.  I can also come in for the half day on the 7th if
we decide that is needed.

D


Done

Jackie Young
02/18/2000 09:57 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Victoria Versen/HOU/ECT@ECT
Subject: Re: 98-6892 Overflow

Daren,

Per Victoria Versen, you can roll deal 166888 forward for one day to cover
the 14 decatherms that flowed on the 15th.

Thanks
-Jackie-
3-9497

Daren J Farmer
02/17/2000 10:44 AM
To: Jackie Young/HOU/ECT@ECT
cc:
Subject: Re: 98-6892 Overflow

jACKIE,

You need to talk to the East desk to see if they were allocated this extra
gas on the 14th and 15th.  If they were, we can change the deal.  If not, the
pipes will need to balance out during the next flow day.

D

Jackie Young
02/17/2000 08:37 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: 98-6892 Overflow

Can you please extend sitara deal ticket 16888 to the 15th?  14 dec. flowed
on this day.

Thanks
-Jackie-


nevermind.  there was a guy from louisiana at this conference who worked at
reliant.  it wasn't your bro in law though.


Pam,

The last group.
Please, let me know if any name is missing.

Grade: A

Thanks a lot. It was a pleasure working with you.

Vince Kaminski


Rob:  How can we get some relief on this issue?  Should we set up a call with
Peter and me?  There really is an earnings impact.   Let me know.

Regards,

Mark Haedicke
----- Forwarded by Mark E Haedicke/HOU/ECT on 02/21/2001 01:12 PM -----

	Peter Keohane
	02/20/2001 10:35 AM

		 To: John J Lavorato/Corp/Enron, Mark E Haedicke/HOU/ECT@ECT
		 cc: William S Bradford/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Derek
Davies/CAL/ECT@ECT, Eric LeDain/CAL/ECT@ECT, Russell Diamond/HOU/ECT@ECT
		 Subject: Enron Corp. Parental Guarantees

Lavo/Mark, although it has been a chronic problem, the seemingly inexcusable
delay at processing guarantees by Enron Corp. (both Enron Corp. and
Counterparty) seems to be getting worse of late.  It is becoming an
impediment to transacting and to our reputation in the market as the largest
and most responsive energy marketer.  As you know, our business is
essentially transacted off Enron Corp.'s credit, and procuring guarantees is
often unnecessarily difficult and time consuming.  I know that Commercial,
Credit and Legal are all frustrated by the process.  I know Bill is seeing if
there is something he can do, but I was wondering whether there was also
something you could do to speak to this issue in Houston.

Peter.


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:14 PM -----

	Vicky Pryce <Vicky@goodcorporation.com>
	02/26/2001 01:03 PM

		 To: "'skean@enron.com'" <skean@enron.com>
		 cc: "'michael@zilkha.com'" <michael@zilkha.com>, Jo White
<Jo@goodcorporation.com>
		 Subject: US Visit for GoodCorporation

Dear Steven

I know Michael Zilkha has written to you already but I wanted to thank you
too for the time you spent with us last Friday and the very valuable
insights you gave us. I hope that I have given you most of the information
you need to understand our concept and to be able to discuss it with your
colleagues. We agreed that on my return to the UK I would set out how Enron
might be involved at this stage and be one of the first US firms to pioneer
the idea and become a GoodCorporation network member able to display the
GoodCorporation trademark and start conversing with other members. Those
members could be private companies, public sector entities or government
departments, trade associations, NGOs etc.

As we discussed the GoodCorporation Charter and processes are near
completion . We are in the process of starting our pilot verifications which
will be done by PwC, KPMG, Ernst & Young, Intertek, SGS and Bureau
Veritas.We are also setting up an Accreditation Body ( which is being
modelled on the Forestry Stewardship Council)  to oversee the annual
verification process.

The pilot programme provides companies with an excellent opportunity to have
a low risk way of trying out the process and seeing if it works in their
organisation. They can submit the whole or a small part of the organisation.
Pilot companies pay for the verifiers' time only and the verifiers are
giving their time at cost ($750/ day.) The pilot itself will take the form
of a preliminary scoping meeting in which the verifier will take the company
through the evidence (policies and procedures) that need to be in place in
order to pass the GoodCorporation charter. The meeting will decide who needs
to be interviewed, in which locations and therefore the number of days
involved. As the emphasis is on verifying policies and the way they are
implemented in the workplace rather than a full scale audit of impact, the
number of days involved should be relatively limited.  During the actual
verification, the verifier will check for the evidence by reviewing
documentation provided by the company, in addition to a series of meetings
with the relevant people, such as the HR Director, Environmental Manager,
Finance Directors and customer-facing staff. Assuming it is successful, the
piloted part of the company can then become a member of the network if they
so choose.

It would be great to have Enron involved in this early piloting. Given your
current policies and ethics I wouild be surprised if the charter posed any
real problem for you . It could also be a useful supply chain tool for you
to encourage your suppliers not only to say they behave in the manner you
wish them to behave but also demonstrate this behaviour to you and the
outside world in a transparent fashion. Please get back to me if you require
any further clarification and of course I and my colleagues would be
delighted to meet whoever else you need to get involved before a decision is
made.

Again, many thanks for your time and I was delighted that you were
enthusiastic about our concept.

With very best regards

Vicky Pryce

Chairman, GoodCorporation


In an effort to protect Enron's e-mail system from harmful viruses, the
Global Messaging Team has implemented an inbound and outbound cluster of
MAILSweeper servers. What does that mean to you, the user? All inbound and
outbound Internet mail is passed through a set of servers that will scan each
message for viruses, malicious code, business related-content and
inappropriate content. Inbound Internet mail that contains the following
attachment types will be quarantined (held for delivery): *.vbs, *.exe,
*.com, *.bat, *.cmd. If you are the intended recipient of one of these
e-mails, you will receive an automatic notification with instructions on how
to get your legitimate e-mail released from quarantine.

We have taken these measures to protect our e-mail environment from harmful
e-mail viruses. We believe that these protections will result in less down
time for your e-mail, in the event that Enron gets hit with a virus or
malicious code.


Barry,

In order to get Kim Ward VPN access from her Click@Home or non-enron PC, I will need you to e-mail my manager, Paige Cox, with the number of people in your group that need to work from home and the business reason behing it. Once Paige gets approval, I will be able to assist Kim and the rest of your group get the VPN access from thier homes.

Thanks,

Pablo S. Torres
Team Lead - 31st and 32nd Floor
Trader Support Group
Phone: 713-853-9136
Pager: 877-629-4264
Cell: 281-541-6481
E-Mail: pablo.torres@enron.com


Big week coming up.  Bank meeting on Monday in New York and 10-Q on Monday.   Can't wait to read it.

-----Original Message-----
From: Dasovich, Jeff
Sent: Saturday, November 17, 2001 9:26 AM
To: Tribolet, Michael
Subject: RE: PG&E settlement offer

I like it.  Quicker the better.  And the approach and the number are resonable. Good luck.

-----Original Message-----
From: Tribolet, Michael
Sent: Fri 11/16/2001 3:33 PM
To: Dasovich, Jeff; Steffes, James D.; Mellencamp, Lisa; Curry, Wanda
Cc:
Subject: FW: PG&E settlement offer

Ken Lay called Rick Buy and I up to his office talk about settlement just now.   He would like to settle for liquidity/good news.   Rick Buy is going to discuss with Whalley.

 -----Original Message-----
From:   Tribolet, Michael
Sent:   Friday, November 16, 2001 3:30 PM
To:     Buy, Rick
Subject:        PG&E settlement offer

Below are the proposed discounts we discussed with Ken Lay this afternoon:

USD millions:
                          Cash from 85       P+L with 85 cent
             Discount   cent sale of claim    sale of claim

Enron      $ 85.0 (17%)       $361.8             +$129.1
PG&E       $237.0 (46%)       $232.6             -$  0.1
Midpoint   $161.0 (32%)       $297.2             +$ 64.5

If the midpoint (value between PG&E and Enron settlement offers) is acceptable from a liquidity and P+L standpoint, propose countering at a discount of $123 million (move half way to midpoint) to provoke a counter offer.   Intent is to settle at midpoint discount of $161 million.  The Excel file is attached.

<<m011116.xls>>


John,

The code is revised. Please compare 1098075 with 1098076(with exchange
options vol skew added)
Please call Jeremy for moving this change into produtions. I'll be off this
Friday and next Monday.

Thanks!

Dave
ext. 5-3853


Suzanne:

	This is already on my calendar so I am not responding to this invitation.  I seem to get a lot of duplicate meetings as a result of responding to these notices.

Thanks,

Jeff

 -----Original Appointment-----
From: 	Adams, Suzanne
Sent:	Friday, October 19, 2001 2:50 PM
To:	Adams, Suzanne; Hodge, Jeffrey T.
Subject:	ERIC MERTEN FROM PORTLAND OFC, SHEILA'S GROUP, TO MEET W/JEFF HODGE RE GAS IN JEFF'S OFC
When:	Friday, October 26, 2001 10:00 AM-10:30 AM (GMT-06:00) Central Time (US & Canada).
Where:


Mr. DeMille would like to know if you're ready for your close-up.

	Susan Scott
	10/05/2000 01:50 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: clarification

Still holding out hope that my Hollywood career will take off -- we
supermodels do occasionally get speaking roles.

From: Jeff Dasovich on 10/05/2000 01:47 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Re: clarification

Between you and me, I don't think California is an option at this point.


Elizabeth,

We would like to invite Bob Lee for an interview, January 24, Monday.
He will be interviewed by me, Stinson Gibner,
Zimin Lu, Paulo Issler, Vasant Shanbhogue, Krishnarao Pinnamaneni,
Grant Masson.

Thanks

Vince


Stinson,

No problem. I shall forward the letter to HR
to enter this information into the company's records.

I hope you will have good time and come back with fresh dose
of energy.

Vince

Stinson Gibner
08/23/2000 09:08 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Request for Leave

Vince,

After eight years of working for Enron, I would like to take some additional
time off.   If possible, I would like to take three weeks of leave without
pay, beginning September 25 and continuing through October 13th, 2000.

Thank you,

Stinson Gibner