---------------------- Forwarded by Mike McConnell/HOU/ECT on 12/04/2000
06:32 PM ---------------------------

Eric Gonzales
12/04/2000 06:45 AM
To: Eric Groves/HOU/ECT@ECT
cc:  (bcc: Mike McConnell/HOU/ECT)
Subject: Re: Jose LNG - Crude Pricing

Our ability in crude is apparently very poor.  What can J Wilson do thru
2010?  I want the crude desk to make us a price and present an acceptable
volume.

If we have to suggest to PDVSA only doing a crude index through 2012, I
strongly believe we should try if we can create some additional value thru
this structure.  Tell me if you would like me to give him a call to explain
what the effort potentially create.

Thanks
Eric

	Enron Capital & Trade Resources Corp.

	From:  Eric Groves                           30/11/2000 17:04

To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Eric Gonzales/LON/ECT@ECT
cc:

Subject: Re: Jose LNG - Crude Pricing

 Per a conversation I had with John Wilson the head crude oil trader in the
Houston office, the feasability of hedging price risk linked to WTI or Brent
on a 20 year deal is NOT a possibility.  If we had 1/3 of our GSA price
linked to Brent our exposure for 20 years would be about 30 million barrels
notional or about 14 million barrels PV.  At 5% our exposure would still be 5
million notional or 2.3 million PV.  According to John, he would not be
comfortable doing anything past 2012 and even out that far he would not
consider doing more than about 1 million PV barrels in the years 2010 -
2012.  Given these comments, I would say that the size of our deal basically
precludes a look at Crude Oil hedges at this time.  As far as the economics
of the deal are concerned, we basically cannot even get an Offer to use to
figure out our economics.  I am confident that if we pushed the issue to see
if we could get a 20 year offer even for a small portion of the volumes that
the hedging costs would be too high, and therefore have left it at that for
the time being.   Please advise if you have any thoughts on the issue.

Thanks,

Eric

Guido Caranti@ENRON_DEVELOPMENT
11/29/2000 09:27 AM
To: Eric Gonzales/LON/ECT@ECT
cc: Emilio Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt@ECT, Larry
Lawyer/NA/Enron@Enron@ECT, Cris Sherman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Jose LNG - Off-take Comments

Eric, thanks for your comments. Please see below in blue our observations and
answers. Let's talk later today if you have further questions.

Saludos

Guido and Emilio

Enron Offtake Agreement

Section 2
Should this agreement start at commercial hand over of the plant under the
EPC agreement.  Benefit here is LDs under the EPC for late delivery go to
project company and project company has no obligation to lng buyers.  In
addition it preserves your 20 year offtake which should still match your GSA.

 The agreement should start at commercial hand over of the plant as you say.
The draft as it is now has only outer limits as to when that should happen
(that being the earlier of 40 months after Financial  Close or NTP or Dec 31
2004). We will add to this list "the earlier of" something like: "the date on
which the plant has produced LNG at at least 90% of its capacity for a period
of 10 consecutive days". We suggest putting something like this as opposed to
"commercial hand over" because this is in the plant's/contractor's control
and they could, for example, on purpose not meet a noise level requirement
for 4 months  for example and delay commencement of the offtake contract
while the project sells LNG at higher prices than in the term sheets.

With regards to the EPC LDs we agree that they should go only to the project
but we, as offtakers, can not wait for ever for the project to be completed
with out receiving gas or damages for something that is somehow (directly or
indirectly) under the project's control. We have 4 months limits to how much
the project can be delayed on top of all the conservatism that EECC (or
another EPC Contractor) already built in.

Section 6
I would like to see some language in this section describing the pricing
formula associated with expansions.  Structure could be set as in this
contract where Pg is to reflect GSA costs and where the combined value of
Pcpi and Pa should be derived to provide an equity return to the sponsors of
18%.

 We agree that would be better, but we included this section knowing that is
something that is going to be a very difficult sell with PDVSA, because they
don't want us to sell down and then keep "controlling" new  LNG businesses in
Jose. They will oppose this clause as they violently opposed the limited
exclusivity at Jose that we managed to include in the GSA. We think that
adding a restriction to the asset's returns now in the draft will make it
very tough to sell to PDVSA the entire Clause. Thus, jeopardizing our chance
to control the output of future plants or expansions. We never intended to
use these off-take agreements as a vehicle to control future LNG volumes.
Nevertheless, we felt it was a good chance for us to start getting partial
control of the output. Pushing it too much will back fire and PDVSA will
clearly realize what our intent is.

Section 7
Where is the bonus calculation?  We did not include it now on purpose. We
will include it when ever they "remind" us to do so. We want to have another
fight about the bonus.
Where is the min price? The minimum price is in. We say that one of the
terms in the price is Pg x En where En is never less than one
I thought you guys were going to trade out CPI for a fixed number? We are
going to try to do it, but that is first a GSA issue, and we don't want to
put it here as something firm before we change it in the GSA. We precisely
bracketed the CPI percentage in the formula because of our thought that we
want to make it zero
Have you decided that a WTI index percentage does not help the economics? No,
we don't have the definitive answer from structuring yet, but our guess and
based on our meeting with RAC the other day, in which they told us about the
mess created by an oil escalation in Cuiba (Brazil power plant), we are
pretty much convinced that oil escalation without oil based LNG sales is not
convenient. But since we don't have a definitive answer yet we still included
oil as a possible escalator with a zero weighting (that should have been
bracketed in the term-sheet, though, and it will).

Section 10
you have incorporated the GSA default rate for late payment as opposed to the
Equilibrium rate.  Is this your intent to have a mismatch?
 Yes, we did it on purpose because this will apply also to PDVSA as
off-taker, and they have a record of paying late so we want them to suffer if
they do.

you have all new taxes being borne by the project company.  Will the banks
accept this as the project company will be thinly capitalized.  See section
18 of the Arcos CTA for ideas if this is an issue.
 The exporter of record will be the project, so the buyer has no business in
Venezuela other than paying port fees. We do not see any kind of taxes that
could be imposed on Buyer by Venezuela that would eventually be transferred
to the project. Banks should be fine with this as this is a risk that
projects typically take all the time (the heavy crude projects are some
examples in Venezuela). In addition, the GSA provides for a number of reliefs
for the Project Company that will help Banks and equity holders to feel
safer. Although, a large portion of the underlying risk is always there.

Other
where are the LD calculations explained?  I think you need LDs for GSA
default and another for plant default.  GSA default should match LD's in GSA
contract less compensation to plant debt recovery.
 In stead of writing an explicit LD calculation our lawyers suggested that
the sole use of New York law to rule the deal was simpler and better. New
York law provides for full market based damages (market price of commodity
plus extra costs) which is the maximum you can get in a negotiation for an LD
clause. So, from a legal and commercial point of view we much rather have it
as it is. We are still discussing w/ Brent Price and Cris Sherman if this is
sellable to AA for MTM, but our initial view is that it should be since the
level of LD can not be better. GSA default is market based (provided that
PDVSA, as we expect, accepts the change we will propose) so the Project
Company will be able to pay market based damages. For interruption of gas
supply from PDV for Force Majeure reasons our insurance team is finding out
if the market will cover such risk so that the project can afford not being
relieved from performance in such event (this will obviously be to a maximum
dollar limit to be determined and for a maximum period of time, say 36 months
- we need time to give you precision on this, but some sort of coverage will
be available).

suppose the plant produces 5% less that it is supposed to due to design or
tech problems (not a FM issue) at commercial hand over.  What happens under
the offtake agreements?  Will the banks accept this revenue short fall?  Will
we have to create a reserve?  This may be a big issue with the banks for
technology reasons and lack of experience in this industry.
  Under the off-take agreements the project pays market based damages if it
does not meet the contracted volume. We believe that the contracted volume
that we included in the term sheets though has enough of a cushion for banks
and equity holders to bear the risk. We are contracting for contractually
guaranteed production under the EPC which is 3% lower than expected. On top
of that we are considering LNG production with the richest inlet gas possible
(meaning a lower LNG volume). This volume is 5% lower than the guaranteed
production with "Normal" or expected feed composition. Combining these two we
have a contracted quantity that is 8% lower than the expected production with
expected feed. On top of this it is important to note that every single LNG
plant in the world ended up with a production capacity that is at least 10%
above what was expected (mostly due to EPC Contractors and tech partners
making very safe assumptions on guaranteed volumes to avoid LDs). Also the
EPC contract being negotiated provides for pretty severe LD in case of
production shortfalls that are enough to pay for debt and make equity-holders
whole. They don't provide though, for damages payable under off-take
contracts (nobody will take this potentially huge exposure on LDs). However,
as we explained, we believe that this is a risk that is typically taken by
producers and that we have already taken a very conservative assumption in
the volume contracted and that should be beard by the Project Co. Banks will
most definitely also take a conservative volume assumption, as we already
did.

What happens if plant starts producing less for a few weeks until problem is
resolved? what compensation do the offtakers get? do the banks suffer here as
well?
 The term sheet establishes an annual quantity as the only standard to
determine failure to deliver by Seller. It also establishes that deliveries
should be at rates and intervals that are reasonably constant. The bottom
line is that the termsheets do not go into all the detail about timing of
defaults and price differentials. It sets, however, a reasonable standard by
which if at the end of the year seller did not deliver the full annual
quantity and a particular month can be identified where the deficiency occur
based on the "reasonable constant deliveries" provision, damages will be
payable based on prices during such month. Yes banks suffer here to the
extent that the cause of the short fall is not insurable.  Nevertheless,
short periods (weeks) of failures to deliver by seller will really not affect
the Project Company ability to pay the Banks.  It will have to be some
prolonged period for Banks to be affected.

Under a plant FM issue you may not get BI cover for the first 60 days.  Will
the banks accept this or will they want a reserve established.  Is this in
your model?
 We are not sure off what the banks are going to require in this regard
(although, we agree that some sort of reserve or LC is to be expected). Our
model assumes the cost of an LC for 6 month debt service (which should be
plenty). The issue here is if MTM is going to be able to live with the same
or longer grace period for damages to kick in under the termsheet and weather
damages (not BI) are insurable and to what extent if FM relief is not
permitted for MTM reasons. The question that follows is: if damages exceed
the insured limits in a FM event that does not relief the project from its
obligation to deliver, have the damages have to be senior to debt payments
for AA to allow MTM to be permitted? If this is so, are the banks going to be
willing to live with this?, probably not.

insert something on planned maintenance timing and scheduling.
 It is briefly covered in section 9 second paragraph. This will be expended
in later drafts once the PA is signed and we are home free with regard to
PDVSA.

insert termination section
 In light of the fact that we will end up being more of an off-taker than an
asset owner in this project our lawyers suggest that we will get better
protection if early termination is ruled by what is provided under NY law
than if we try to right an early termination clause. They point out also that
90% of LNG contracts are done in this way, having NY law rule the game. They
point out also that from the project point of view banks are very used to and
prefer having early termination be ruled by NY law.

put something in about the buyer willing to accept entering direct agreements
for financing requirements?
 We will

Eric Gonzales@ECT
11/28/2000 03:40 AM
To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt
cc: Larry Lawyer/NA/Enron@Enron, Cris Sherman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Jose LNG - Off-take Comments

Enron Offtake Agreement

Section 2
Should this agreement start at commercial hand over of the plant under the
EPC agreement.  Benefit here is LDs under the EPC for late delivery go to
project company and project company has no obligation to lng buyers.  In
addition it preserves your 20 year offtake which should still match your GSA.

Section 6
I would like to see some language in this section describing the pricing
formula associated with expansions.  Structure could be set as in this
contract where Pg is to reflect GSA costs and where the combined value of
Pcpi and Pa should be derived to provide an equity return to the sponsors of
18%.

Section 7
Where is the bonus calculation?
Where is the min price?
I thought you guys were going to trade out CPI for a fixed number?
Have you decided that a WTI index percentage does not help the economics?

Section 10
you have incorporated the GSA default rate for late payment as opposed to the
Equilibrium rate.  Is this your intent to have a mismatch?
you have all new taxes being borne by the project company.  Will the banks
accept this as the project company will be thinly capitalised.  See section
18 of the Arcos CTA for ideas if this is an issue.

Other
where are the LD calculations explained?  I think you need LDs for GSA
default and another for plant default.  GSA default should match LD's in GSA
contract less compensation to plant debt recovery.
suppose the plant produces 5% less that it is supposed to due to design or
tech problems (not a FM issue) at commercial hand over.  What happens under
the offtake agreements?  Will the banks accept this revenue short fall?  Will
we have to create a reserve?  This may be a big issue with the banks for
technology reasons and lack of experience in this industry.
What happens if plant starts producing less for a few weeks until problem is
resolved? what compensation do the offtakers get? do the banks suffer here as
well?
Under a plant FM issue you may not get BI cover for the first 60 days.  Will
the banks accept this or will they want a reserve established.  Is this in
your model?
insert something on planned maintenance timing and scheduling.
insert termination section
put something in about the buyer willing to accept entering direct agreements
for financing requirements?

Marketing Agreement
Lets talks about his one

Guido Caranti@ENRON_DEVELOPMENT
22/11/2000 23:34
To: Cris Sherman@ECT, Larry Lawyer@Enron, Brent A Price@ECT, Eric Groves@ECT,
Eric Gonzales@ECT
cc: Les Webber/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Jose LNG - Off-take

I am enclosing a draft of the off-take termsheets to be included in the
Participation Agreement between Enron and PDVSA Gas. These termsheets will
rule the following transactions:

  a) Sale of LNG from the Project to an affiliate of  Enron for the plant's
output minus PDVSA's off-take

  b) Sale of LNG from the project to and affiliate of PDVSA Gas for the share
of volumes equivalent their equity participation in the Project Co

  c) Re-sale of LNG from the affiliate of PDVSA Gas to the Enron affiliate
for the volumes purchased by PDVSA according to b) above

Please let Emilio and I know your comments about them at your earliest
convenience. Please focus on issues with regard to our ability to MTM these
contracts, such as the force majeure clause. If you have any comments or
questions during the weekend you can reach me at 713 304-4264 or Emilio at
011 5814 330-9016. Otherwise we would like to discuss this with you on Monday.

Thanks for your input and happy Thanks-giving

Guido


---------------------- Forwarded by Richard Shapiro/NA/Enron on 06/12/2001
07:37 AM ---------------------------
From: Jeff Dasovich on 05/31/2001 05:28 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Hertzberg

Here's the document that I sent, and the list of folks that I sent it to.
----- Forwarded by Jeff Dasovich/NA/Enron on 05/31/2001 05:25 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/30/2001 01:39 PM

		 To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Paul
Kaufman/Enron@EnronXGate, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron, mpalmer@enron.com, James D Steffes/NA/Enron@Enron,
Linda Robertson/NA/Enron@ENRON, Susan M Landwehr/NA/Enron@Enron
		 cc:
		 Subject: Hertzberg

Folks:

Here is a rewrite of the power point presentation referenced in the previous
note.  Again, please keep confidential and do not distribute.  It's the copy
that Hertzberg used to present to his caucus.Thanks.

Best,
Jeff

P.S.  Our numbers show that noncore for Edison would be about 30% of load;
Hertzberg has it at about 20%.

---------------------- Forwarded by Richard Shapiro/NA/Enron on 06/12/2001
07:37 AM ---------------------------
From: Jeff Dasovich on 05/31/2001 05:29 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Asm Dem Plan

Here's the document that I received from the lobbyist today.  It's the same
document that I distributed internally yesterday.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 05/31/2001 05:26 PM -----

	"Delaney Hunter" <dhunter@s-k-w.com>
	05/30/2001 12:29 PM
	Please respond to dhunter

		 To: "Jeff Dasovich (E-mail)" <jdasovic@enron.com>
		 cc:
		 Subject: Asm Dem Plan

A little something we got our hands on.....
 - Assembly Demo Plan.doc


Steve,

Thanks for arranging a great afternoon yesterday - - I very much enjoyed our
conversation on people and idea generation as well as gaining a good
overview of Enron's key businesses. The tour was extremely educational and
we had a good discussion with Nate Ellis on Retail Services at the end of
the day.

I like your idea of getting the top executives together at some point soon -
- I know our Chairman, Chuck Knight, would be very fascinated with the
transformation at Enron and your business models for future growth. He also
loves to share and contrast different management processes and I think all
involved would take away some ideas to consider. David Farr, our new CEO,
would gain much from such an interaction and hopefully the establishment of
a long relationship between our firms and executive teams.

On top of this, I see a tremendous potential for our firms to work together
in a number of key areas where our product and service technologies would
complement the Enron offering of market making and risk management. I
appreciate your offer to help navigate some contacts to evaluate some of
these opportunities. Some initial impressions include:

* Evaluating the use of Energy Services on a broad scale at Emerson
operations

* Evaluating the solution package that we could jointly put together for
industrial customers with your Energy Services group and our remotely
controllable transfer switch, UPS and back-up power technologies that would
permit remote (Enron) control of whether a site is on/off the grid or even
selling power back to the grid.

* Evaluate the potential packages of Emerson systems, measuring devices,
control elements, power diagnostic, remote monitoring and visualization
products and technologies for use with Energy Services contract offerings -
- especially in specific vertical markets such as retail stores, grocery
stores, pipelines, paper plants,  semiconductor fabs, etc. We have over 2000
service and solutions people spread throughout USA and other world markets
which could support this effort.

* Enron Broadband Services is already a primary user of Emerson fiber optic
conduit, precision air conditioning, UPS, and other power and connectivity
products and services - - we can evaluate how we can extend our technology
platform to support the bandwidth market making activity and the content
offering of Enron.

* I also see some potential for Enron finance and risk management in
international infrastructure projects such as the Caspian Sea gas
development - - where it looks like there will be 30+ years of gas
production - - some of the local customers who are intrigued with embracing
our new PlantWeb Fields technologies for better yield/uptime/asset
management have had trouble getting conventional project finance resources
to support their projects. Given Enron understands what to do with gas in
kind, there could be a very interesting triangular arrangement with Enron,
Emerson, and local gas production companies.

These are some initial thoughts - - I expect there may be several other
interesting possibilities come to light as we start to have additional
conversations.

Steve, again, thanks for the arrangements yesterday and I will be back to
you shortly to organize a follow-up set of conversations.

Best Regards,

Mike Train
VP Planning
Emerson Electric Co:
T: 314-553-2120
F: 314-553-3851


appears as though the time to get in was last wednesday and everybody already
missed their chance to get out

"Pesot, Jeff" <jeff.pesot@verso.com> on 11/28/2000 02:33:21 PM
To: "'jarnold@enron.com'" <jarnold@enron.com>
cc:
Subject:

   thursday 6 PM   Ruggles on main.
   Is it time to get into etoys?

Jeff Pesot
Verso Technologies
(212) 792-4094 - office
(917) 744-6512 - mobile

mail to : jeff.pesot@verso.com
       www.verso.com


Sandi,  The following are the contracts that were inadvertantly assigned to AEP in the sale as we discussed.

Centana Intrastate Pipeline Co. 	#96019236
EPGT Texas Pipeline, L.P.  	#96006479
EPGT Texas Pipeline, L.P.	#96041930
Gas Transmission TECO, Inc.	#96041723
Gas Transmission TECO, Inc.	#96041724

Let me know your thoughts on the best way to proceed to return these deals to ENA.  Thanks.  Miss me?

Gerald


We've done it again, everyone.   Enron has been named the "Most Innovative
Company in America" for the sixth consecutive year by Fortune.  That's right
-- six years in a row.   We continue to be recognized by our industry peers
and other corporate executives and securities analysts as the company that
sets the standard for doing business in the new economy.  Congratulations to
all of you for making it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.


Mike means "Mark Taylor".  Would you please let me know if Mark wants me to
finalize.  Thanks.  ss
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/20/99 11:59
AM ---------------------------

Michael Etringer

12/20/99 11:23 AM

To: Marie Heard/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Confirmation for Deseret

Marie,
I have been talking with Sara concerning Deseret and she indicated that I
should contact you if I need short term follow-up on this agreement.
Currently, Phil Tice and David Taylor are in final discussions concerning
certain language within the Annex of this agreement.  Pending resolution of
these issues, I will need to have the confirmation letter to this agreement
modified prior to sending to Deseret.  The current language references a
price of $33.75 per MWh.  This should be replaced with $34.00 in every case.

Please let me know if you have questions.  When Phil and David have come to
final agreement, we will need to e-mail a final copy of the agreement to
Deseret for initial signiture.  We can then follow-up with a Fed Ex copy for
signitures?  Let me know if this is the normal procedure.  We have a deal
pending that I would like to close today if possible.

Mike
503-464-3836


Phillip,

How can I install new programs on my laptop, without
the administrator's privileges?

One example: when I travel I use AOL to get access to my mail
and to communicate with the office. Windows 2000 does not allow
me to install it.

 Also, I have my private statistical software
I often use when I work at night during business trips.
I would like to load it as well.

Vince


Louise,

Attached is the original email from Dave Delainey and John Lavorato. In my opinion, utilities and municipalities do not fall within the EES target market of being "less energy intensive and less sophisticated in their management of energy" (see below). Neither would aggregators fall into this category.

I am also concerned about the principle of EES approaching utilities to encourage them to act as an EES sales agent. I believe this ultimately results in little more than aggregation of load into wholesale levels - and in any case, results in multiple representatives from Enron pitching products which achieve similar results from the customer's perspective.

In addition, providing EES load management solutions may jeopordize other ENA projects which require that load (services deals, plant construction, etc. in addition to the usual wholesale product suite). I am concerned about the risk (however slight) posed by the EES activity as ENA actively tries to develop relationships with these customers and to close substantial wholesale transactions.

I'll wait for your thoughts on Monday before I go to EES with these concerns.

Thanks,

Dave

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of John Lavorato & Dave Delainey@ENRON
Sent:	Friday, June 22, 2001 3:05 PM
To:	ENA Employees@ENRON; EES_Employees@EES
Subject:	ENA and EES Industrial SIC Codes

INTEROFFICE MEMO

From: John Lavorato & Dave Delainey

To: All of ENA and EES

Re: ENA and EES Industrial SIC Codes

As Enron continues to build its origination and customer business in the US, it is becoming increasingly important that both ENA and EES target the appropriate industries and customers with our respective value propositions.  Double coverage and duplication waste resources and damages Enron's reputation in the market place.  It is also important that the right product, solution and sales technique are utilized to ensure the maximum benefit for our customers and Enron.

Consistent with the past, EES will be focused on those SIC codes or industries that are less energy intensive and are less sophisticated in their management of energy.  ENA shall continue to target and cover those industries and customers that are very energy intensive and employ significant process load.  We ask that both organizations respect the boundary.  In those few cases where this policy is not appropriate, please over communicate to ensure close coordination between ENA and EES before customer contact.

Effective immediately in the US and regardless of total energy consumption or number of sites, the following SIC codes have coverage responsibility in ENA.  All other industrial and commercial SIC codes and activity will be managed by EES.

ENA SIC Codes:

Primary Metals Mining and Extraction
Oil and Gas Extraction
Paper and Forest Products
Chemicals - except for pharmaceutical, biotech and small specialty chemical that will be EES customers
Refining
Petroleum and Coal Manufacturing
Plastics and Rubber Manufacturing
Fertilizer
Rail
Auto - restricted to the Big Three - Ford, GM and Daimler-Chrysler
Cement
Aerospace - restricted to Boeing, Raytheon, GE Aircraft, Allied Signal, Hamilton-Sundstrom
Large Agricultural Processing


The FT-NEAST-WH books were set up in the Agg-Gas II portfolio, but never
added to the AGG-GAS III or AGG-GAS IV portfolios.  Please add these books
under the J_Mrha porfolio in AGG-GAS III and AGG-GAS IV.

Thanks,
Robin


Can I please get a copy of the bill that was signed last night.  Thanx.


got it!!!!!


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001 06:02 PM ---------------------------

Scott Salmon@ENRON
04/27/2001 01:27 AM
To:	Amitava Dhar/Corp/Enron@ENRON
cc:	Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Iris Mack/ENRON@enronXgate, Vasant Shanbhogue/Enron@EnronXGate, Vince J Kaminski/HOU/ECT@ECT, Craig Chaney/Enron@EnronXGate
Subject:	Re: Short Term Private Firm Model: Static historical snapshot+performance data for model development

Amitava,

Thank you for the detailed info on the required data and thoughts on its scope.  I'll discuss it with Mike and Eric this morning.  Also agree that we'll almost assuredly save money in the long run by building a more robust model off more comprehensive data to start with.

Cheers,
Scott

Amitava Dhar
26/04/2001 21:23
To:	Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Scott Salmon/EU/Enron@Enron
cc:	Iris Mack/ENRON@enronXgate, Vasant Shanbhogue/Enron@EnronXGate, Vince J Kaminski/HOU/ECT@ECT, Craig Chaney/Enron@EnronXGate

Subject:	Short Term Private Firm Model: Static historical snapshot+performance data for model development

Mike, Scott, Eric,

After brainstorming and discussing further on data here, we think that our final specifications for modelling data requirement need to be as follows:
We need bankrupt, default and nondefault (which covers nonbankrupt) accounts with 4 quarterly observation snapshots and 12 months performance following the latest snapshot.  Monthly performance indicator need to be available for the entire 12 months performance period.  We will need all the bankrupt and default accounts and comparable sample of good accounts with weights.
For the purpose of model validation, we will need data with above specs covering 16 months of performance.  This means that we will need rolling (4 quarterly snapshots + 12 months performance) data for 4 monthly shifts:

Input snapshots											Performance
1999 March end, 1999 June end, 1999 September end, 1999 December end			12 month end performance for Jan 2000 through Dec 2000
1999 Feb end, 1999 May end, 1999 August end, 1999 November end				12 month end performance for Dec 1999 through Nov 2000
1999 Jan end, 1999 Apr end, 1999 July end, 1999 October end					12 month end performance for Nov 1999 through Oct 2000
1998 December end, 1999 Mar end, 1999 June end, 1999 September end				12 month end performance for Oct 1999 through Sep 2000

We will need bankruptcy chapterwise indicator, if available during the performance period.  Our definition of default is either bankruptcy or 90+ days delinquency on any trade credit.
We have also discussed the cost aspect and we think considering the big picture, it makes sense to spend  the extra amount to get the right data for analysis.
Please let me know your thoughts.  This will require D&B to give us a modified quote and we could possibly move forward quickly.

Regards,
Amitava

<Embedded StdOleLink>


Start Date: 4/29/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042914.txt


How would you like to handle?  We could do a Deemed ISDA if you feel
comfortable that the counterparty will sign the ISDA.  How long is the deal?
SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/14/99 09:02
AM ---------------------------

Brent Hendry@ENRON_DEVELOPMENT
10/14/99 06:57 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:
Subject: ISDA question

How should we handle this do you think?  Call me when you have a minute.
Thanks.
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
14/10/99 08:57 AM ---------------------------
Rodolfo Freyre   13/10/99 08:47 PM

To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: ISDA question

Brent, could we close a Swap with TGS without having the ISDA signed but
then, a few weeks later after we sending the confirmation we sign the ISDA?

TGS wants to close a swap with us starting November 1st. The problem is that
their lawyer, Enrique Prini (do you know him??) is going for vacation next
monday for two weeks. I told the guy from TGS that he should have Chris
Dougall taking over while he is outside, but he did not sound convinced.
Maybe you could talk to Chris?? But still, let's wait until they send us
their comments.

Rolo


-----Original Message-----
From: jeffsmirin@txu.com [mailto:jeffsmirin@txu.com]
Sent: Friday, May 31, 2002 4:13 PM
To: Brady, Kevin; vince.hawkes@naes.com; Germany, Chris
Subject: Ponderosa Pines Energy Cleburne Plant

(See attached file: Ponderosa Pine Est Imbalance0502.xls)


coming from Japan


Sally,

I don't know whether you or Jean (or Paul?) should be doing the feedback
meeting.  If you will be doing it, please respond with your earliest
availability to conduct that meeting.  I am fairly open currently except for
3pm-4pm Mon-Thurs.

Thanks,

Grant W. Zimmerman
Enron Broadband Services
Phone:  (713) 853-6210
Fax:  (713) 646-8795


It's El Paso Electric - I've changed it.

Thanks,
Kate

Rhonda L Denton
04/12/2001 02:22 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Incorrect CPS

Please see if the CP on this deal should be El Paso Electric Company.  Need
to know by tomorrow morning because we will be loading to Unify and need
contract numbers assigned.  Thanks.

579908 Steve Merriss


----- Forwarded by Steven J Kean/NA/Enron on 12/27/2000 02:03 PM -----

	Alan Comnes@ECT
	12/22/2000 03:39 PM

		 To: Steven J Kean/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron
		 cc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT
		 Subject: Charts

Steve, Ginger:

The first file has the charts and data you requested.

I am also forwading some charts on price caps.  You may be interested in the
charts on California Stage 1/2/3 emergencies.

Alan Comnes


Our recommendations on possible FERC Commissioners for Ken's next discussion
with Cheney.
----- Forwarded by Steven J Kean/NA/Enron on 12/19/2000 10:27 AM -----

	Allison Navin
	12/19/2000 08:57 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Richard Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
		 Subject: FERC Commissioner

Per your request.


Nothing from Leatha.  Any news there?

Kay


Called Julia's Assistant and let her know that Mark would not be attending.


BUSINESS HIGHLIGHTS

Weather Group

Let,s give a big round of applause to the Weather Team!  Environmental
Finance Magazine ranked the weather group #1 in Online Services and #1 Dealer
in the United States and Europe.  Gary Taylor, manager in weather trading,
comments, "The "Best Dealer" award reflects our counterparties' appreciation
for the significant effort we have made to drive the growth of our market by
making two-sided markets where other companies are only willing to quote
either a bid or an offer.  This award also reflects the innovative nature of
everyone on our desk, and their ability to price non-standard structures for
our customers.  It is truly a team award.  The "Best Online Dealer" award is
simply another testament to the unparalleled success of EnronOnline.  By
providing tight, two-way markets online, we have provided two critical
elements to generate growth in our market: 1) an element of price discovery,
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power
Demand swaps.  These contracts use power demand as an index and allow power
market participants (generators, btu distributors, marketers, etc...) to
mitigate volumetric exposures.  The first contract the desk offered is for
the PJM power pool.  On EnronOnline, weekly swaps are available and the desk
has placed option contracts on this index in the broker market.  Inquiries
regarding this product should be directed to Claudio Ribeiro (product
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new
intranet product, eSearch, on December 1, 2000.  eSource's team of
specialized researchers have created a web site to bring information and
research to every employee's desktop.  The eSearch web site offers many links
to information resources, access to research databases, specialized searches,
sites to purchase books, articles, and reports, and training.  Employees can
use the web site to conduct their own research or as a vehicle to submit
research requests.  eSource's researchers and industry specialists are
available to all Enron business units to provide timely and cost efficient
research, to work with individuals or groups to fulfill one time research
requests, or to design ongoing, customized monitoring projects or news
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associates
to work directly with traders and marketers.  The team is already busy
analyzing various commodities and market situations.  For example, an
initiative is underway to analyze current negative fractionation spreads in
the market resulting from rising natural gas prices.  Web sites to host this
analytical information are currently in development for all EGM commodities.
These sites will provide research and analysis, weather, publications, and
any other information that will assist in decision-making or identification
of potential commercial opportunities.  For questions or requests regarding
fundamental research, contact Jennifer Fraser at x34759.  For questions or
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North America
broke ground November 29, 2000 for the construction of the Sand Hill Energy
Center, a 180-megawatt peaking electrical generation facility.  Located in
eastern Travis County, the Sand Hill Energy Center will be a natural gas
fired facility that will operate primarily during peak demand periods.  The
$93.7 million project will feature four 45-megawatt General Electric gas
turbines and will be operational May 1, 2001.

NEWS FROM THE GLOBALFLASH

Coal
The London dry cargo seafreight team traded 1 million metric tonne of
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal
was created by combining OTC options and a physically related cash market
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company
Graninge.  According to the agreement, Graninge will deliver electricity to
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's
Utgrunden off-shore wind park, completed this year, will generate in the
region of 38,000 megawatt hours of electricity, or enough for around 6,000
average homes between the mainland and the island of Oland on the southeast
tip of Sweden.  In an announcement this week, Graninge stated that it plans
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of
its first year, EnronOnline has passed a number of milestones including the
addition of a range of new functionalities for customers on the site.
EnronOnline has now come of age, having surpassed the $274 billion mark in
notional value in November.  This represents a total of 478,695 transactions
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to
EnronOnline in Europe.  A team from Reuters was invited into Enron House to
receive a full demonstration of EnronOnline and as of today will be able to
quote in reports live prices from EnronOnline.  Other media outlets are being
invited to obtain guest access during the coming weeks as the word of
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.
Elliott Katz worked on the GEM migration in Singapore last week with an IT
team from London, Oslo and Singapore.  Approximately 40 users, including
Traders, were migrated to Windows 2000 and the CORP domain.  This is an
important step for the Asia Pacific region, as it brings the three biggest
offices (Singapore, Sydney and Tokyo) into line with corporate standards for
desktop computing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial
area  in northern Japan.   A feasibility study will be undertaken to define
how the project will go forward and this may include the development of an
LNG terminal in the vicinity.  The nature of the permitting process is such
that the plant would not begin operations for six to seven years.  This
project is just one of several options that E-Power are working on in Japan.

NUGGETS & NOTES

&Go Big or Go Home8 ) Mike McConnell/President & CEO-EGM

"Call Back" - Don Schroeder, VP/Crude Trading-EGM

REMINDER

Holiday Party
Enron North America, Global Markets and Industrial Markets
Enron Field
Saturday, December 9
7:00 - Midnight

WELCOME
New Hires ENA/EIM/EGM
ENA ) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Churbock,
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
EGM )Ellen Alexander, Mike Perun

Transfers to ENA/EIM/EGM
ENA ) Gregory Golden
EGM ) Keynan Dutton

FROM THE EDITORS

Thank you to all the contributors to this week's EnTouch.  We want to hear
from the various departments within Enron Americas, Global Markets and
Industrial Markets!  Please continue to send your business highlights,
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


just a reminder that i'm trying to get my vpn working again when my digital certificate has expired (or something).


Hi, Cindy:

I'm assisting EBS in some of their trading work for awhile, so this is why I am sending you the attached memo requesting an Enron Corp. Guaranty.

Please let me know when the guaranty is ready and I'll arrange for pick-up.

Thanks!

Marie
x33907


To:  Participants in the Enron Corp. Savings Plan
From:  Enron Benefits
Re:  Changes to the Savings Plan

Yesterday, the Enron Board of Directors met.  A press release outlining the Board's actions states:

" ... Enron believes that the total amount of the liquidated, undisputed claims against Enron and its subsidiaries exceeds and will exceed the current fair market value of the consolidated operations and assets of Enron and its subsidiaries.  Consequently, Enron believes that its existing equity does not and will not have value and that any Chapter 11 plan of reorganization confirmed by the Bankruptcy Court will not provide Enron's existing equity with any interest in the reorganized debtor."

Essentially, this means that any holdings in Enron stock will carry no value as the company reorganizes.  Consequently, the Board also decided that employees participating in the Enron Corp. Savings Plan should no longer be able to invest contributions into Enron stock (Enron Corp. Stock Fund.)

IMPORTANT CHANGES TO THE ENRON CORP. SAVINGS PLAN

Effective with the February 15, 2002 paycheck, employees who participate in the Enron Corp. Savings Plan will no longer be able to invest contributions directly into Enron stock.

If your investment election currently includes Enron stock, we strongly encourage you to review the other investment options available and revise your investment elections accordingly.  If you do not actively change your investment elections, any portion of your contribution still allocated to Enron stock will be redirected to Fidelity Freedom 2000, a money market fund, where your investment will remain until you take further action.

Within the Enron Corp. Savings Plan, there are a wide range of investment options to meet your individual investment goals and retirement needs.  Information on other available investment funds, including past performance, is available through the Savings Plan website.  You may elect to contribute to any of these funds in one percent increments.

You may change your investment choices at any time.  Changes are enacted the following business day.

To review and make changes to your investment elections online, visit  <http://resources.hewitt.com/enron>.  To change investment elections via the website, access the "Change Future Investments" option from your main account screen.  To review and make changes to your investment elections by phone, call the Benefits Service Center at 800-332-7979, option 3.  Follow the instructions to access your account.  Then, follow voice prompts to "Investment Options."  From there, select "Investment Elections" to make necessary changes.

TRANSFERRING FUNDS WITHIN YOUR SAVINGS PLAN ACCOUNT

This change in investment elections will not affect any existing balances in the Enron Corp. Stock Fund - it only effects future contributions to that fund.  Until March 14, 2002, you will still be able to transfer funds from other investments within the Savings Plan into the Enron Corp. Stock Fund.  However, as set forth in the press release quoted above, the board believes that holdings in Enron stock will carry no value as the company reorganizes.  Consequently, we strongly recommend that employees participating in the Enron Corp. Savings Plan no longer invest in Enron stock.  Effective March 15, 2002, transfers into the Enron Corp. Stock Fund will no longer be allowed from other investments within the Savings Plan.

If you participated in the Employee Stock Ownership Plan (ESOP), you may still elect to roll your ESOP shares directly into Enron stock within the Savings Plan.

At any time, you may transfer funds, including company-matching contributions, out of the Enron Corp. Stock Fund into any of the other investment options available within the Savings Plan.  To transfer funds online, visit <http://resources.hewitt.com/enron> and access the "Transfer Money" option from your main account screen.  To transfer funds by phone, listen for the prompts from the "Investment Options" to either "Fund Reallocation" or "Fund Transfer" to change your existing account balances.

As always, we encourage you to review your investment elections to ensure they are consistent with your investment goals.

To review the entire press release outlining the Board's actions, click on the following link:  http://www.enron.com/corp/pressroom/releases/2002/ene/021202releaseltr.html


-----Original Message-----
From: john.lohman@bakerhughes.com [mailto:john.lohman@bakerhughes.com]
Sent: Tuesday, November 13, 2001 10:34 AM
To: tlohman@enron.com
Subject: An article from CBS.MarketWatch.com

This story was sent to you by john.lohman@bakerhughes.com with these comments:

just saw this. HUN

From CBS.MarketWatch.com, online at:

<http://www.marketwatch.com/news/story.asp?siteID=yhoo&guid=%7B9490A893%2D4795%2D4A61%2D9B4B%2D268C6F0C34DC%7D>

  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/images/branding/MKTW/NEW-EMAIL-header.gif>	   CBS.MarketWatch.com <http://cbs.marketwatch.com/news/default.asp?siteid=mktw&dist=>	   <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://www2.marketwatch.com/images/branding/MKTW/border-vert.gif>	  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	Quotes & News	   <http://cbs.marketwatch.com/1.gif>
symbol/fund/keyword

  <http://cbs.marketwatch.com/1.gif>
Find Symbol <http://cbs.marketwatch.com/tools/quotes/lookup.asp?siteid=mktw&dist=>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	 <http://ad.doubleclick.net/jump/email.cbsmw.com/emailbuddy;sc=emailbuddy;pos=anihead;ptile=1;sz=468x60;ord=?>	   <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
11:02 AM ET Nov 13, 2001	   Latest Market Overview <http://cbs.marketwatch.com/tools/marketsummary/default.asp?siteid=mktw&dist=>	   <http://cbs.marketwatch.com/1.gif>

Enron's Lay could get $80M from deal

By Leticia Williams, CBS.MarketWatch.com	 Newswatch <http://cbs.marketwatch.com/news/default.asp>
More Headlines <http://cbs.marketwatch.com/headlines/headlines.asp?source=>

WASHINGTON (CBS.MW) -- As Enron and Dynegy await approval from regulators on the companies' proposed $9 billion merger, Enron Chief Executive Kenneth Lay finds himself in an enviable position.

Lay's employment agreement with Enron, which is set to expire Dec. 31, 2005, allows the executive to terminate his employment with the company 60 days prior to the Dynegy merger and receive a lump-sum payment of up to $80.8 million, according to a regulatory filing Tuesday.

 <http://cbs.marketwatch.com/tools/quotes/intchart.asp?symb=ENE>

According to the terms of the employment contract, if Lay quits before a change of control at the company, he is entitled to a lump sum payment equal to the number of years left in his contract multiplied by $20.2 million.

The agreement also allots an amount to Lay for any tax-related penalties if the lump-sum payment is held to constitute an "excess parachute payment," according to the Securities and Exchange Commission filing.

Lay's original employment agreement with Enron was amended in August when he became CEO after Jeff Skilling resigned.

Enron's ( ENE <http://cbs.marketwatch.com/tools/quotes/detail.asp?view=detail&symb=ENE>) shares fell 4 cents to $9.20 in recent trading.

Leticia Williams is a reporter for CBS.MarketWatch.com in Washington.

  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
 11:34 am ET Nov 13, 2001

  <http://cbs.marketwatch.com/1.gif>
   DJIA <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=1643&ticker=DJIA&dist=>	 9692.69	  +138.32
   NASDAQ <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=3291&ticker=COMP&dist=>	  1883.75	  +43.62
   SP500 <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=3377&ticker=SPX&dist=>	  1134.29	  +15.96
   10Yr <http://cbs.marketwatch.com/tools/quotes/quotes.asp?siteid=mktw&sid=11420&ticker=$TNX&dist=>	  4.372%	  +0.58
  <http://cbs.marketwatch.com/1.gif>

  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	 <http://ad.doubleclick.net/jump/email.cbsmw.com/emailbuddy;sc=emailbuddy;pos=anihead;ptile=2;sz=125x615;ord=?>	   <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>
Front Page News <http://cbs.marketwatch.com/default.asp?siteid=&dist=snap>
U.S. investors show enthusiasm by snapping up stocks <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7BC2FF1835%2DAF3E%2D4170%2DB516%2D3C2B3CE72690%7D>
Report: Taliban abandons Kabul <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7B9C9AC766%2DB83E%2D4D8D%2D836D%2DC0A975439C69%7D>
Oracle issues quarterly warning <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7B2BFEA3EA%2D191C%2D484F%2DBEBE%2DCD09AE2D3447%7D>
Infineon sees more losses, shares rise on PC hopes <http://cbs.marketwatch.com/news/story.asp?siteid=&dist=snap&guid=%7B21C0ACCE%2D9E9D%2D44EB%2DA15F%2D48A0565A2DC9%7D>
  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>
	  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>
Intraday data provided by S&P Comstock <http://www.spcomstock.com/> and subject to terms of use. <http://cbs.marketwatch.com/support/terms.asp?siteid=mktw>
Historical and current end-of-day data provided by FT Interactive Data. <http://www.ftinteractivedata.com/>
.
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/images/branding/MKTW/border-bottom.gif>	  <http://cbs.marketwatch.com/1.gif>
  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>	  <http://cbs.marketwatch.com/1.gif>


I don't have a problem with not back dating it. I'll see if there's a
sesitivity to it from ABB's side.

Herman Manis
07/06/2000 08:06 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: ABB Agreement for Review

If possible, regarding comment for section 7.1, could we make the date
current?  Back dating to the first option agreement may be construed to be a
deposit.  What do you think?
---------------------- Forwarded by Herman Manis/Corp/Enron on 07/06/2000
08:02 AM ---------------------------
From: Lisa Bills on 07/05/2000 09:02 PM
To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Herman Manis/Corp/Enron@ENRON, Matthew
Berry/HOU/ECT@ECT, Carl Tricoli/Corp/Enron@Enron, Thomas M
Suffield/Corp/Enron@ENRON, Matthew F Gockerman/HOU/ECT@ECT, Roseann
Engeldorf/Corp/Enron@ENRON, robtaylor@andrews-kurth.com
Subject: ABB Agreement for Review

Here are my comments:

Assignment Language:
in (i) "WestLB" should be changed to "Purchaser"
in (ii) - although this is a business point I think it is important to
question: why should we provide credit support to the JV/partnership/llc when
we are required to keep a min. 19.5% interest?  This is not a GE requirement
and it is a doubling up of Enron-type support which will make the venture
much more expensive to finance.

Purchase Agreement:
Def. of Business Day:  let's add New York since this is where WestLB funds
from.
2.1(B):  It should be "Agent's" person to approve change orders, not
"Purchaser's"
2.2:  "Purchaser" should be used rather than "WestLB" since it is not as
limiting.
7.1:  Why is the Effective Date backdated to the date of the first option
agreement execution date?
Exhibit N - Purchase Amount Reconciliation:  The total amount of the three
purchase amounts is $78M less than the same amounts detailed in the latest
Option Agreement.  I'd like to understand why this is, especially in light of
the Effective Date in 7.1, to insure that AA won't determine that the Option
Premiums paid were somehow a deposit or credit toward the purchase price of
the transformers.

Regards, Lisa
---------------------- Forwarded by Lisa Bills/Corp/Enron on 07/05/2000 08:45
PM ---------------------------

Matthew Berry@ECT
07/05/2000 02:43 PM
To: Lisa Bills/Corp/Enron@ENRON
cc:

Subject: ABB Agreement for Review

---------------------- Forwarded by Matthew Berry/HOU/ECT on 07/05/2000 03:42
PM ---------------------------

	From:  Kay Mann @ ENRON                           07/05/2000 02:36 PM

To: Herman Manis/Corp/Enron@ENRON, Matthew Berry/HOU/ECT@ECT, Carl
Tricoli/Corp/Enron@Enron, Thomas M Suffield/Corp/Enron@ENRON, Matthew F
Gockerman/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:
Subject: ABB Agreement for Review

Gentlemen,

I've made some changes to the assignment language of the ABB contract. The
language is not identical to the LM 6000 language, but is substantially the
same, and in some respects better.  Please let me know if you have any
substantive comments:

I am also attaching the current draft of the contract.  It is being revised
to incorporate delivery dates and to clarify the scope to include
installation obligations of ABB (haul and install).  Also, in the fourth line
of the first paragraph, the word "Purchaser" will be added to the
parenthetical, after "WestLB". Any other changes should be very minor or
technical.

We are trying to get this finished this week.  Please let me know if you have
any questions or comments.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 07/05/2000 02:25
PM ---------------------------
From: Kathleen Clark@ENRON_DEVELOPMENT on 06/30/2000 01:40 PM
To: ben.jacoby@enron.com, kay.mann@enron.com
cc:

Subject: ABB Agreement for Review

Attached is the latest ABB agreement for your review:


Jeff,

I emailed you a couple of weeks ago regarding my interest in Harvard Business
School and I wanted to follow up with you.  I am going to be in Houston on
December 11, 12 & 13 for business and I was hoping that our schedules meshed
and I might be able to come by to say hello.

I hope we have an opportunity to meet in December.

Best Regards,

Bruce Rudy
303-575-6463
----- Forwarded by Bruce Rudy/NA/Enron on 11/16/2000 11:56 AM -----

	Bruce Rudy
	Sent by: Bruce Rudy
	10/31/2000 05:15 PM

		 To: Jeff Skilling/Corp/Enron@ENRON
		 cc: Paul Trieschman/Enron Communications@Enron Communications
		 Subject: HBS

Jeff,

As per Paul Trieschman's suggestion, I am contacting you in reference to
Harvard Business School.  I am a Manager with ENA in Denver who has come up
through the Analyst/Associate program and I am planning on returning to
business school next Fall.  If you had a moment, I would appreciate the
opportunity to discuss my background with you, as well as pick your brain on
the experiences you had while at HBS.

Best Regards,

Bruce Rudy
303-575-6463


To: Crusty ("Falafel") Toiletfanny
From: Pinky Gerbilbuns

Glad to see you're keeping busy!

Me Too!

	Ted Bockius <Ted.Bockius@ivita.com>
	06/27/2000 11:17 AM

		 To: "'mark.taylor@enron.com'" <mark.taylor@enron.com>
		 cc:
		 Subject: Re

Let's all?take  a moment out of the day today tobe?goofy!?

Use the first letter of your first name to  determine your NEW?firstname:
??
??a =  stinky
??b = lumpy
??c = buttercup
??d =  dorkey
??e = crusty
??f = greasy
??g =  fluffy
??h = cheeseball
??i =  chim-chim
??j = poopsie
??k = flunky
??l  = booger
??m = pinky
??n = zippy
??o =  goober
??p = doofus
??q = slimy
??r =  loopy
??s = snotty
??t = falafel
??u=  gidget
??v = squeezit
??w = oprah
??x =  skipper
??y = dinky
??z =  zsa-zsa
??
??Use the first letter of your last name to  determine the first half?of?
your?NEW last  name:
??
??a = diaper
??b =  toilet
??c = giggle
??d = bubble
??e =  girdle
??f = barf
??g = lizard
??h =  waffle
??i = cootie
??j = monkey
??k =  potty
??l = liver
??m = banana
??n =  rhino
??o = burger
??p = hamster
??q =  toad
??r = gizzard
??s = pizza
??t =  gerbil
??u = chicken
??v = pickle
??w =  chuckle
??x = tofu
??y = gorilla
??z =  stinker
??
Use the last letter of your last name to determine  the second half
of?your?NEW last name:
?
?a =  head
?b = mouth
?c = face
?d = nose
?e =  tush
?f = breath
?g = pants
?h = shorts
?i =  lips
?j = honker
?k = butt
?l = brain
?m =  tushie
?n = chunks
?o = hiney
?p = biscuits
?q =  toes
?r = buns
?s = fanny
?t = sniffer
?u =  sprinkles
?v = kisser
?w = squirt
?x =  humperdinck
?y = brains
?z = juice
?
Thus, for  example, George Bush's new name is Fluffy Toiletshorts.....?
and?Al?Gore would be Stinky  Lizardtush.
Send this to your friends with your new name in the  subject.
?
?


Fabian:
Here are the answers to your questions.  Please give us a call if you have
any more questions. Thanks!
Ben


looks good to me. rick

 -----Original Message-----
From: 	Carson, Rick L.
Sent:	Friday, June 01, 2001 3:29 PM
To:	Buy, Rick
Subject:	Website and PortRAC demo for senior executives

Rick:  Per my voicemail, attached is a draft of a letter that we might send out to set up website and PortRAC demos for execs.   Rick C.

 << File: websiteexecdemo.doc >>


Yes..at least from my perspective.
--------------------------
Rick S.

-----Original Message-----
From: Shortridge, Pat <Pat.Shortridge@ENRON.com>
To: Robertson, Linda <Linda.Robertson@ENRON.com>; Shapiro, Richard <Richard.Shapiro@ENRON.com>
CC: Philipp, Meredith <Meredith.Philipp@ENRON.com>
Sent: Sun Oct 21 18:01:40 2001
Subject: Press follow up this week

Will we have time to do some RTO press opportunities, including the Reuters folks who want to meet with us, when Rick is in town?


Steve,

Try bmckay@enron.com or Brad.McKay@enron.com


Just confirming...for Utilicorp. we previously had them open for Enron Sales
only....

	Leslie Hansen
	10/23/2000 04:16 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Credit Responses 10/23/00

Tana:

No change to profiles for Utilicorp. United Inc. or Calpine Power Services
Company -- these entities are authorized to trade US power.

Constellation Energy Source, Inc. is NOT authorized -- restricted by credit.

Leslie


fyi
---------------------- Forwarded by Mary Solmonson/HOU/ECT on 09/12/2000
08:47 AM ---------------------------

Vanessa Schulte@ENRON
09/11/2000 02:52 PM
To: Nicki Daw/NA/Enron@Enron
cc: Joel Henenberg/NA/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Scott
Williamson/HOU/ECT@ECT, Cindy Wisemiller/HOU/ECT@ECT
Subject: Trade Warehouse Mtg - Purpose

Hi Nicki,
Thanks for setting up the meeting next Wednesday (9/20) at 2:30 with M.
Frevert, D. Delainey, J. Shankman, and J. Lavorato.  Here is a brief overview
of the meeting objective:

Purpose
To gain support and approval for a data warehouse vision containing
consolidated trade information with centralized access.

Background
The definition of a data warehouse is a place to consolidate information
originating from multiple transaction processing systems and platforms into a
common database repository.  The idea of an Enron &Trade Warehouse8
originated from members of the London office and has been expanded to include
the Houston systems.  The need for a Trade Warehouse stems from the
requirement of multiple departments needing to access consolidated deal
information for analytical reporting and down-stream processing.   Currently,
deal information is held in separate trading systems both within product
process flows from mid to back office, and across product lines. The
information is also stored across multiple system platforms and is not easily
accessible or consistently presented across the various trading products
within Enron. Given this current architecture, it is very difficult and
costly to access timely, quality-assured, and consolidated cross-product deal
information for analytical reporting and down-stream processing.

Proposal
Houston will use the warehouse as the data source for EnTelligence and
numerous analytical reporting application systems.  These analytical
reporting application systems can include, but are not limited to,
Operational Pricing Module (OPM), EnronOnline, and Daily Position Report
(DPR).  Once the warehouse is in place, it may be used as the source for
additional downstream systems as well as Investor Relations reporting.


Do any of you have any concise paper/analysis on this issue--how you can do
it, and why we will not agree.  If so, please forward to me.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


May 26, 2001

Dear Mr. Skilling:

As part of Enron's Imagine the Future Day (4/24/01), a group of Ernonite's voluntarily got together under the tutelage of Dr Peter Bishop (Chair, Studies of the Future Program, University of Houston) to create scenarios of possible futures and their impacts on Enron. You once said, "I guarantee that if there is one thing Enron thinks about, it is what we'll do in the future." (ESpeak 2/29/00). With that in mind, you might find the following of interest - our ideas and thoughts about Enron and the future.

The context created for envisioning possible futures for Enron was based upon our opinion of Enron's core capability: our ability to effectively exploit discontinuities in the marketplace. Enron has successfully exploited discontinuities created by pipeline deregulation, resulting in the creation of Enron; the Internet, resulting in electronic trading and on-line business activities/portals/exchanges; and telecom deregulation, resulting in bandwidth trading. Since Enron is so adept at this, we focused our activity specifically on identifying potential future discontinuities and their implications to Enron. These are our conclusions:

Future: Rock Around the Clock
Description: Anytime you want it, anywhere you want it capability to transact business/to do work.
Discontinuity/Trends: Builds on discontinuities created by the Internet and current technology trends of convergence, increased ubiquity, wireless and miniaturization.
Enron In This Future: Is fully and entirely networked; primary revenue generation occurs via the communication wires. Business ops "rock around the clock", 24 hours a day, seven days a week, 365 days a year. Employees are fully networked and fully connected, giving employees the choice of when and where to work. Office space is no longer an issue because the employee IS the office. Employee uncertainties exist about privacy, lack of interpersonal relationships, and "wireless chains."
Wildcards: Major information systems disruption (global?) completely shuts down business ops; Enron wires unknowingly become 24-7-365 facility for international wire fraud and money laundering.

Future: Not in My Region, You Don't
Description: The return of regional protectionism and increased government interference. Globalization is seen as too overpowering, prompting regions to fight for a return of power and local sovereignty. The result is strong regional trading and political blocks that wield much influence. Their first action: restrictions on international business activities.
Discontinuity/Trends: Contrary to discontinuities created by the fall of communism, and trends related to globalization and eroding boundaries; corresponds with current trend related to increasing numbers of regional economic unions (EU, CIS, ASEAN, Mercosur, NAFTA, etc).
Enron In This Future: Is ordered by international authorities to dispose of non-US based assets (at a loss) and is forced to vacate foreign countries. Retrenching back into the US occurs. Enron's competition becomes increasingly intense and vicious as other multinationals retrench as well. This increased competitiveness occurs at the same time collective group/industry action is needed to counteract the action of the regional blocks, leaving Enron (and others) struggling to find a balance.

Future: Regulation Re-run
Description: Power and telecom re-regulation occurs.
Discontinuities/Trends: Contradictory to current global trends toward privatization of government services; supported by social and political reaction to "CA style" market failures, perceived decline of competition due to provider consolidation, perceived supply issues with water, gas, oil.
Enron In This Future: Goes "incognito", taking on a new identity. Governments seek to nationalize our assets.
Wildcard: propelled and facilitated by increased regionalism and protectionism (Not in My Region, You Don't).

Future: The Taxman Cometh - Even to Cyberspace
Description: Internet commerce has become so big, taxing authorities can no longer resist - taxes are levied on all Internet transactions.
Discontinuities/Trends: Corresponds with current discussion by US and others regarding Internet taxing; corresponds with the increasing power of the Internet as a purchasing mechanism.
Enron In This Future: All of Enron's on-line transactions are now being taxed. The volume of transactions still remains high; record keeping becomes a nightmare.
Wildcards: Tax imposed is retroactive; government cannot track flow of funds and ability to tax accurately is ineffective.

Future: Enron's New "Corporate DNA"
Description: rapid advances in biotech solutions lead to trading opportunities in biological "commodities."
Discontinuities/Trends: Corresponds with: recent technological advancements in genome mapping and sequencing, and cloning; increased political/social discussion regarding bio-ethics; increased business/social/political discussion regarding bio-based intellectual property rights. Uncertainties exist regarding the effect of biotech on human race/evolution.
Enron In This Future: Is the first biological commodities trader in the world. Focus is shifted from energy into the biotech realm. Move clearly positions Enron as a company of the BioTech Century. Enron structures the new bio-market and creates new types of bio-commodities paper. Biotech trading requires a new type of trader with life sciences background; Enron forms relationships with medical, nursing and other bio-based programs for recruitment.
Wildcards: biotech terrorism; worldwide epidemics; social opposition.

Historically, discontinuities such as these favor smaller companies because they are inherently quicker to respond. As Enron grows, we become more vulnerable to rapid market changes because it takes longer for us to "sense" them and to react. While none of these discontinuities is certain of course, there is merit in understanding they may occur so Enron can
"sense'" them and be prepared to respond early to the new opportunities they may offer.

Of the futures this group constructed, Enron's New Corporate DNA is our most interesting and merits further "flushing" for details. I'm sure this group could do that well, should you be interested. There could be significant opportunity for Enron in the bio-tech trading future.

Regards,
Amy Oberg, EES
Mgr, CI & Future Foresight
MS, Studies of the Future

Contributors:
Adams, Gerald  EE&CC				Odenthal, Laura   EBS
Cruz, Magdalena, ECT				Peckenpaugh, Rachel  EES
Ginsubach, Tom    EES				Pereez, Eugenio  Industrial Mkts
Gonalez, Francisco DeCosio  EEIS		Plachy, Rich   ETS
Hausinger, Sharon   ECT			Reese, Charla   Corp
Hernandez, Gus  EES				Smilenova, Rositza   GSS
Honey, Lisa   GPG				Sullivan, Mike   GPG
Husain, Karima   Networks			Walker, June   EES
Johnson, Heather  Networks			Watts, Chris   ECT Resources
Keeble, James   Networks			Williams, Lisa   EBS
Lee-Jaquet, Tammy				Woods, Stephen  EFS
Oberg, Amy   EES  				Facilitator: Dr Peter Bishop, UH, Chair, Studies
						of the Future Program


Mike, this appears to be a very reasonable settlement - proceed on this
basis.  I assume this keeps my number in and around the $600 to $615MM for
the 2000's all in.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/13/2000
03:27 PM ---------------------------

Mike J Miller
09/12/2000 01:55 PM
To: Dick Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  (bcc: David W Delainey/HOU/ECT)
Subject:

Dick,

I have done some more research on the cost versus Peaker Fee issue.  The
numbers from ENA's side lay out as follows:

ENA Payments vs. NEPCO Costs  $4,449,000
ABB Breaker Costs/Estimate to Complete $   720,000
Reduction in Variable Overheads  $3,000,000
IDC on ENA Overpayments   $   200,000
Fixed Overhead Charged to Variable  $   180,000
Westinghouse L.D.'s- Gleason   $1,800,000
Westinghouse L.D.'s- Wheatland  $   500,000
Preliminary Total Reduction
in Project Costs                  $10,849,000

ENA Payments vs. NEPCO Costs:  ENA paid according to pre-determined cash
curves every month.  NEPCO's actual costs appear to be coming in about $4.5
MM less per the audit results that we both reviewed last Friday.

ABB Breaker Costs/Estimate to Complete:  When we met last Friday, there were
$1,459,000 of Open P.O.'s and other items that NEPCO still needed to
investigate and closeout, you have a copy of the detailed schedule prepared
by Amy Spoede.  Of the $1,459,000, there was $720,000 showing as still owing
to ABB for Circuit Breakers at Wilton Center.  ABB has informed ENA that they
have been payed in full for quite some time, thus I believe that this
$720,000 is an accounting phantom that NEPCO needs to clear up.

Reduction in Variable Overheads:  The $3,000,000 in variable overhead
reduction is the number that you offered to cut this cost in our meeting last
Friday.

IDC on ENA Overpayments:  As part of our agreement with EE&CC/NEPCO, ENA
agreed to pay 2000 peaker construction costs based upon cash curves versus
actual invoices.  The cash curves consistently overestimated NEPCO's actual
disbursements, even after quarterly audits and true-ups.  NEPCO currently
owes ENA over $200,000 in IDC at the cost of capital charged by Enron Corp.

Fixed Overhead Charged to Variable:  Some EE&CC/NEPCO personnel coded time
against variable overheads that should have been charged against the
pre-agreed fixed overheads.

Westinghouse L.D.'s:  ENA paid Westinghouse directly for the turbines.  ENA
has held back $3.5 MM of retainage pending resolution of L.D.'s.
EE&CC's/ENA's position is that Westinghouse owes $2.3 MM of L.D.'s ($1.8 MM @
Gleason, $0.5MM @ Wheatland).  The aforementioned L.D.'s are for delivery and
schedule delays at Gleason and Wheatland.  There is an additional $1.0-1.6 MM
of performance L.D.'s for missing heat rate guarantees at Gleason.  ENA will
negotiate the performance L.D. settlement directly with Westinghouse because
the cure will be getting additional MW's in trade against the L.D.'s.
Otherwise, Westinghouse can cure by minor unit modifications and re-test
versus paying cash L.D.'s.  However, the Delivery and Schedule L.D.'s will
still be negotiated by EE&CC.

Peaker Fee Settlement:  Based on our last meeting and additional research, I
suggest the following path to quickly resolve the Peaker fee amount and
payment.  If EE&CC will take over the risk/reward of the Delivery & Schedule
L.D. issue with Westinghouse, then ENA will recharacterize the amounts
detailed above as Peaker fee payment.  If EE&CC is successful in keeping all
the Schedule L.D.'s from Westinghouse, then it would have a $10.85 MM fee
versus $9.2 MM.  EE&CC only needs to keep $650,000 of the $2.3 MM of
Westinghouse Schedule L.D.'s to have a $9.2 MM fee.

Please let me know how you would like to proceed from here.

Regards,

Mike J Miller


---------------------- Forwarded by Dana Davis/HOU/ECT on 12/06/2000 01:46 PM
---------------------------

edith-kelly@reliantenergy.com on 12/06/2000 12:28:00 PM
To: Dana.Davis@enron.com, "Montgomery, Claudette" <Cmontgomery@kmg.com>
cc:
Subject: MOP

Greeting My Sisters In Christ,

I was just touching basis with the both of you as frontliners to say that
we are blessed and highly favored in the eyes of  God. On last night, the
group participated in a three-way and it was a blessing and it was agreed
on last night that we too would be participating in the fast on Wednesday
as well.

We all agreed to do the fast with water only, because we know that there
are different kinds of fast and I wasn't sure what others were doing, but
my feeling is that whatever we do as a unit and as long as we are doing it
to the Glory and Honor of God, then He honors what's in our hearts.

I believe that this is only the beginning of change and that God is truly
doing a new thing in the saints of God. The fast was a blessing for me on
today. I got up this morning with a spirit of expectation, not knowing what
to expect, but knowing that God was doing something powerful in the spirit
realm.

I believe that as we continue to walk in unity, keep our focus, commit our
work unto Him, that God will establish our thoughts and He will complete
that which He has started in us....A good work.

Be blessed :-)
Edith


Bob-- this is mine
----- Forwarded by Richard B Sanders/HOU/ECT on 09/05/2000 07:25 PM -----

	Becky Stephens@ENRON
	09/05/2000 10:57 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Re: Lufkin Gas

Richard, we received service of a Summons and Third Amended complaint w/Jury
Demand in a lawsuit titled: United States of America, ex rel., Harrold E.
Wright, et al. v. Chevron U.S.A., Inc. (including Enron Corporation) on
August 24th.  The service was forwarded to Jim Armogida and Bob Vote.  If you
need any additional information, just let me know.

Becky A. Stephens
Litigation Unit, Enron Corp.
713/853-5025
713/853-6576 fax
EB4809

	Richard B Sanders@ECT
	09/03/2000 08:43 AM

		 To: "Tetrault, Charles D." <ctetrault@velaw.com>
		 cc: Becky Stephens/Corp/Enron@ENRON
		 Subject: Re: Lufkin Gas

Not that I am aware of. I will check with our corporate Sec.     Becky?

	"Tetrault, Charles D." <ctetrault@velaw.com>
	09/02/2000 03:45 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Lufkin Gas

Has Enron Corp. been served with the Wright complaint yet?  EOG got theirs
on August 25.

If served, we need to join the joint motion for an extension of time
(through October 23) by mid day Tuesday.

Charles D. Tetrault
Vinson & Elkins L.L.P.
1455 Pennsylvania Ave. N. W.
Washington, D.C. 20004
ctetrault@velaw.com
202.639.6551 [voice]
202.639.6604 [fax]

 - att1.unk


Sara,
The FINAL final changes.

-Dan
---------------------- Forwarded by Daniel Diamond/HOU/ECT on 10/05/2000
04:25 PM ---------------------------

Lamar Curtis <LCurtis@fyi-net.com> on 10/05/2000 02:19:35 PM
To: "'Daniel.Diamond@enron.com'" <Daniel.Diamond@enron.com>
cc:
Subject: The final final PWD for FYI-Net 10-05-00

 - EnronOnline-FYI-Net PWD #2 10-05-00.doc


Frank:
Randy Osteen's e-mail address is rosteen@powersrc.com.  His phone number is
410-468-5293 and he is with Constellation Power Source, Inc.

Carol


Please see the e-mail below asking for production of the models created by
Enron separate from the McDonald models.  Enron's models were, I am told,
prepared within ECM by Paul Pizzolato  based on proprietary software of Enron,
something called "RAROC," risk adjusted return on capital.  Many iterations of
these models were run, varying different elements of data.

Brian and Ray Bowen have both stated that it is unlikely that these models
were retained Brian, Tom, and Kevin each testified in their depositions about
these models;
and the Farallon plaintiffs are now specifically asking about them.  Before we
say that these models no longer exist, I believe someone at Enron should make
an effort to look for them.  Frankly, it would probably be very helpful to
Enron's case if we could in fact find these models.  Right now our witnesses
and our expert are saying things about the models but, without the actual
models, this testimony is a bit self-serving.

Steve

................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................
 - Enclosed.txt


-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Wednesday, October 24, 2001 6:10 PM
To: Parks, Joe; Erik Wollam (E-mail); Brad Corrier (E-mail); Brian
Constantine (E-mail); Chad Knipe (E-mail)
Subject: FW:

Regardless of your position on using or having guns, this is one of the
> best comeback lines of all time. It is a portion of a  National Public
> Radio (NPR) interview between a female broadcaster and US  Marine Corps
> General Reinwald who was about to sponsor a Boy Scout Troop  visiting his
> military installation.
> >
> > FEMALE INTERVIEWER: So, General Reinwald, what things are you going to
> teach  these young boys when they visit your base?
> >
> > GENERAL REINWALD: We're going to teach them climbing, canoeing, archery,
> and  shooting.
> >
> > FEMALE INTERVIEWER: Shooting! That's a bit irresponsible, isn't it?
> >
> > GENERAL REINWALD: I don't see why, they'll be properly supervised on the
> rifle range.
> >
> > FEMALE INTERVIEWER: Don't you admit that this is a terribly dangerous
> activity to be teaching children?
> >
> > GENERAL REINWALD: I don't see how. We will be teaching them proper rifle
> discipline before they even touch a firearm.
> >
> > FEMALE INTERVIEWER: But you're equipping them to become violent killers.
> >
> > GENERAL REINWALD: Well, you're equipped to be a prostitute, but you're
> not  one, are you?
> >
> > The radio went silent and the interview ended.
>


March Midcon volumes at Mobil should be 30,000 each day.  Any swings should
be on the buyback HPL has with Mobil.

D

Rebecca Griffin@ENRON
04/02/2001 11:04 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Mobil Beaumont - Mar01

Just want to confirm the March MidCon volumes for Mobil:

3/21 28,271
3/22 26,221
3/23 24,459
3/24 30,000
3/25 30,000
3/26 26,852
3/27 30,000
3/28 30,000
3/29 30,000
3/30 20,164
3/31 12,365
Total    288,332 mmbtu

This is what I saw in POPS - please let me know if there should be any
different volumes/days.

Thanks for your help.

Rebecca
---------------------- Forwarded by Rebecca Griffin/NA/Enron on 04/02/2001
10:49 AM ---------------------------
From: Lee L Papayoti@ECT on 03/21/2001 01:58 PM
To: Rebecca Griffin/NA/Enron@Enron
cc: Daren J Farmer/HOU/ECT@ECT

Subject: Mobil Beaumont - Mar01

Rebecca

For Mobil in March, beginning on March 21, HPL started delivering 30,000/d
for MidCon (just like we did in Dec and Jan, and maybe in Feb too)

Check with Daren Farmer when you get ready to do the flash invoice on the
first to confirm the MidCon volume amounts and dates

Thanks!!!!!

Lee


Hi Brett,

I haven't seen the fax yet.  I'll check around.  Maybe it got stuck in the
wrong pile.

Kay

Brett R Wiggs
01/03/2001 04:29 AM
To: Kay Mann/Corp/Enron@Enron
cc: John R Ayres/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON

Subject: Re: GE turbine contract

Kay:

Did you receive the signature pages I sent by fax?  The quickest way to get
original signatures from me is to send the originals electronically.  I will
print out the signature pages and send them back to you by express mail (2
days from here).

Thanks,
Brett

Kay Mann
01/02/2001 08:16 PM
To: Brett R Wiggs/SA/Enron@Enron, John R Ayres/NA/Enron@Enron, Roseann
Engeldorf/Corp/Enron@ENRON
cc:
Subject: GE turbine contract

Hi there, and happy new year.

I have a stack of turbine contracts which were waiting for signature.  I
believe the override letter needed signing as well.  Should I send the
unsigned originals somewhere?

Thanks,

Kay


Stuart,

If you need a copy of the executed Westinghouse letter, you can find the
original on my desk, I believe on the left hand corner (looking out).  The
letter we are waiting for is merely an acknowledgement that LJM doesn't need
to sign.  I think getting the letter is probably belts and suspenders, but I
requested it anyway.

Kay


We can start the reviews as soon as you are ready. Please note that the
message from HR is we are not communicating rankings which is a change from
what was originally planned.

Thanks - Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 12/13/2000
04:56 PM ---------------------------

	Enron North America Corp.

	From:  Hector McLoughlin @ ENRON                           12/13/2000 04:49 PM

To: Bob M Hall/NA/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, James
Scribner/Corp/Enron@Enron, Eugenio Perez/HOU/ECT@ECT, Shona
Wilson/NA/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Joel
Henenberg/NA/Enron@Enron, Jeffrey C Gossett/HOU/ECT@ECT, Robert
Superty/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Thresa A
Allen/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Stacey
W White/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT,
Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Michael Eiben/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Richard C McKeel/HOU/ECT@ECT,
Randall L Gay/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Russ
Severson/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
Lisa Csikos/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Donna
Greif/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Mary M Smith/HOU/ECT@ECT, Diane H Cook/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT,
Vanessa Schulte/Corp/Enron@Enron, Carolyn Gilley/HOU/ECT@ECT, Brian
Gillis/CAL/ECT@ECT, Martha Stevens/HOU/ECT@ECT, Jenny Latham/HOU/ECT@ECT,
Darron C Giron/HOU/ECT@ECT, Dutch Quigley/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Avril Forster/Corp/Enron@ENRON, Sylvia A
Campos/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Mark D Thorne/HOU/ECT@ECT,
Patti Sullivan/HOU/ECT@ECT, Keith Clark/Corp/Enron@Enron, Larry Joe
Hunter/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc: Francisco deJesus/NA/Enron@ENRON, AnneMarie Allex/NA/Enron@Enron, Janet
De La Paz/HR/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT
Subject: Performance Evaluation

Dear Managers & Supervisors,
Thank you for your participation and contributions to the Year End 2000 PRC
process.    It was a privilege for me to witness all of you making decisions
that were beneficial to Enron and the development of the employees that you
supervise.    Now what remains to be done is to give your employees their
feedback verbally and in written form.
I encourage all of you to complete your employee's evaluations before bonuses
and merit increases are given on 2/5/01.

Please remember:

 All employees in non-bonusable categories must have their performance
evaluations reviewed by HR and Legal before the evaluation is presented to
the employee.
Rankings will remain confidential and will not be communicated to employees.
HR will participate as observers of some reviews.

Let us know how we can assist you,
Your HR Team


Rafael  Pina @ shell is Lia's Contact
713-241-7645


Team,  below is prepayment info from Paul Cherry. In addition to the below, AEP (formerly HPL) has a guarantee for payment, thus no prepayment required.  Sheila

 -----Original Message-----
From: 	Cherry, Paul
Sent:	Thursday, January 03, 2002 11:52 AM
To:	Nacey, Sheila
Cc:	Sheffield, Sandy; White, Angela
Subject:	Florida Prepay Customers

In reference to our conversation the following are the customers that must prepay prior to the month of service

Frito - Lay $ 10, 370.43 received 12/26/01 for January transportation

Multi Fuels $ 5,329.92 received 12/24/01 for January transportation

The following are customers that due to their internal funding procedures pay early. Example the payment received in early January is for the January demand that will be invoiced the first of February. Also, the following customers have posted Letters of Credit to secure their creditworthiness.

Orange CoGen
Polk Power

The following customer has satisfied the creditworthiness requirements and is no longer required to prepay.

Total Gas and Electric.

If you have any questions, please advise.

Regards.


Notice to all Dominion Transmission shippers:

Effective for the gas day of Sunday, June 23, 2002, until further notice,
there will be no interruptible transportation capacity or non-PL1
transportation capacity available along the PL-1 system.  This restriction
to Primary PL-1 deliveries to Primary delivery points is so that Dominion
Transmission can perform pipeline pigging operations during this time.  All
interruptible and secondary deliveries along the PL-1 system will be
reduced to zero effective for the gas day of June 23, 2002, at 10:00 ECT
(9:00 CCT).  Please contact your Customer Analyst if you have any questio


I've forwarded this message onto Christian Yoder, one of our lawyers. Chris
Mallory and Jeff Richter suggested I check with Christian first on the
language of these confirms. I'll get back to you first thing tomorrow.

Thanks,
Kate

	From:  Kimberly Allen                           01/09/2001 01:48 PM

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

Subject: #485446

Kate,
I received and index trade into NP15 that Chris Mallory did. For Price the
confirmations states:

The average day ahead, post congestion price for the Constrained Price as
published by the California Power Exchange for the on in the period of
delivery stated herein plus 3.00.

Is this language o.k. to accept on the confirmation.

Thanks,

Kimberly Indelicato
33031


Please forward a credit worksheet for AGL.  The credit contact there is
Forrest Alexander 404-584-4244.

Thanks

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/03/2000
11:23 AM ---------------------------

	From:  Andrea R Guillen                           01/19/2000 11:08 AM

Sent by: Andrea R Guillen
To: Maria Sandoval/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Elizabeth
Soto/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT,
Pamela Sonnier/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Rosa
Jaramillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kori Loibl/HOU/ECT@ECT,
Cassandra S Dutton/HOU/ECT@ECT, Hannah Ortiz/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Alisha Guerrero/HOU/ECT@ECT, Judy
Hernandez/HOU/ECT@ECT, iguillen@aglife.com
cc:
Subject: FW: FW: For all my women friends(

---------------------- Forwarded by Andrea R Guillen/HOU/ECT on 01/19/2000
11:06 AM ---------------------------

Margaret Smith <margaret_smith@anadarko.COM> on 01/19/2000 10:40:58 AM
To: "'Adam'" <funken@getus.com>, Andrea R Guillen/HOU/ECT@ECT, "'Bill'"
<WRSmith6@email.msn.com>, "'Charlene'" <Cbellows@Farouk.com>, "'David C'"
<rsi_railroad@getus.com>, "'Doug'" <douglaspena@hotmail.com>, "'Glenn'"
<GlennReev@aol.com>, "'Gloria'" <gmclissold@duke-energy.com>, "'Imo Gene'"
<peacock3@altavista.com>, "'Laura'" <lgarza@jcpenney.com>, "'Lisa'"
<Lmrpizza@aol.com>, "'Mykel'" <mykelanne@hotmail.com>, "'Olivia'"
<oliviar@hmi.net>, "'Paula'" <paula@firstclasslimo.com>, "'Ruth'"
<rufinita@aol.com>, "'Stephani'" <donsteph@flash.net>, April Leger
<aal001@DOMESTIC.EXCH.ANADARKO.com>, Dianna Bailey
<DJBAPC@DOMESTIC.EXCH.ANADARKO.com>, Dayna Dryden
<DCREXP@DOMESTIC.EXCH.ANADARKO.com>, Janet Price
<jkpexp@DOMESTIC.EXCH.ANADARKO.com>, Beth Friend
<EAFEXP@DOMESTIC.EXCH.ANADARKO.com>, Velma Birks
<VBILAN@DOMESTIC.EXCH.ANADARKO.com>, Vickie Tonn
<vlt001@DOMESTIC.EXCH.ANADARKO.com>
cc:
Subject: FW: FW: For all my women friends(

> >> From a woman who works in a police department:
> >>
> >>
> >>    I have to share some things I have learned in my job
> >>    with you.
> >>
> >>    In my job, I review criminal and psychiatric files of
> >>    imprisoned sex offenders who are approaching their
> >>    release date.  I decide if they are likely to re-offend
> >>    based on certain criteria and then civilly commit them
> >>    to a sex offender treatment facility if I decide that
> >>    they are at significant risk to re-offend
> >>
> >>    I have read hundreds and hundreds of files, and have
> >>    taken note of some of the mistakes women make.  Let me
> >>    preface this by saying that a woman is NEVER EVER EVER
> >>    at fault for being raped or attacked, but there are
> >>    definitely ways to reduce your risk of being a victim.
> >>
> >>    Here are the most common mistakes women make that
> >>    could result in them getting kidnapped, attacked,
> >>    and/or raped:
> >>
> >>    1.  Getting into the attacker's car when he pulls a
> >>    gun and orders you to get into his vehicle.
> >>
> >>    Most attackers don't want to shoot you ... they want
> >>    you to get into the car so that they can drive you to
> >>    a deserted place and torture you.  Don't comply.  Run
> >>    screaming.  It is MUCH more likely than not that he
> >>    will just move on to an easier target.
> >>
> >>    2.  Pulling over when a man drives alongside of you
> >>    pointing at your car pretending something is wrong.
> >>
> >>    If this happens, drive to the nearest well-lit and
> >>    populated gas station and look the car over yourself
> >>    (or ask an attendant).  Never pull over.  Believe it
> >>    or not, many women have fallen for this for fear of
> >>    their car spontaneously exploding in the middle of the
> >>    road.  Not likely.
> >>
> >>    3.  Not locking your doors while driving.
> >>
> >>    I have read several cases where the attacker simply
> >>    walks up to a woman's car while she's at a traffic
> >>    light and jumps in with his gun or knife drawn.
> >>
> >>    4.  Opening your front door when you have not
> >>    positively identified who is there.
> >>
> >>    If you don't have a peep hole, get one.  I've seen
> >>    countless cases where the attacker gains access to his
> >>    victims simply by knocking on their door.
> >>
> >>    Don't let an attacker get into your home.  He then has
> >>    a private, relatively soundproof place to attack you.
> >>
> >>    5.  Not being alert in parking lots.
> >>
> >>    If you go to the grocery store at night, don't be shy
> >>    about asking for an escort to your car.  Too many
> >>    women are abducted from parking lots or even raped in
> >>    the parking lot.
> >>
> >>    Look in your back seat before entering your car.  Cars
> >>    provide endless hiding places for attackers, both
> >>    inside them and in between them.
> >>
> >>    Be aware of your surroundings by looking to the left
> >>    and right and behind you with your head up all the
> >>    time.  You may appear paranoid and look funny to
> >>    others, but an attacker will think twice about
> >>    approaching someone who appears so aware of what's
> >>    going on.
> >>
> >>    6.  Trusting a clean cut, honest looking stranger.
> >>
> >>    I see mug shots of every sex offender in the state of
> >>    Florida.  They do not look like monsters.  They often
> >>    look like they could be your friendly grocer, bank
> >>    teller, waiter, neighbor, clergy, doctor, etc.  They
> >>    are every age between 15 and 90, and probably beyond.
> >>    Only a small minority actually look scary.
> >>
> >>    I just read a case yesterday of a man with only one
> >>    leg who beat up his victim with his crutch before he
> >>    raped her.  Who would have ever thought that a
> >>    one-legged man could be a rapist?
> >>
> >> 7.  Trusting people to be alone with your children.
> >>
> >> This is a difficult one, because child molesters end
> >> up being the LAST person the parents would believe is
> >> the molester.
> >>
> >> Most of the child molesting cases I see involve the
> >> stepfather, the uncle, the sister's boyfriend, the
> >> mother's boyfriend, the grandfather, the baby-sitter,
> >> the neighbor, the family friend, the youth camp
> >> director, day care worker, etc.  Although rare, even
> >> women can be molesters.
> >>
> >> In every case, the perpetrator is a nice guy,
> >> trusting, good with children, and the family is
> >> baffled or even in disbelief that the person could be
> >> abusing their child.
> >>
> >> When it comes to your children and grandchildren, be
> >> suspicious of everyone, no matter who they are.  And
> >> pay attention to what your child says and how he/she
> >> reacts to the mention of different people in their
> >> lives.
> >>
> >> I didn't mean to make anyone uncomfortable with this,
> >> but I am at work right now reviewing files, and
> >> realized that this email is a way I can reach many
> >> women at one time.  I have the dirty job of reading
> >> all these files, and it makes me feel good to know
> >> that I can share some inferences from what I have
> >> learned.  This is not an exhaustive list of what not
> >> to do, but just some things that I have observed more
> >> than just a few times.
> >>
> >> Pass this on to the women in your lives
> >
> >
> >
> >
> >
> >
> >
> >


Hi Drew,

Greg will be in the London office from early Tuesday afternoon through
end-of-business day on Thursday, June 7.  Are you available to meet w/him for
about an hour? He's available Tuesday afternoon until 5:00 p.m.  Wednesday
there are a few slots available, and Thursday he is wide open.  If you could
e-mail me your availability that would be great.  Also, Greg will be carrying
mobile number +44 7901516638.

Many Thanks,

Liz Taylor