Chris:

I checked with Samantha.  The counterparty is holding two orignal ISDA
documents (complete with boilerplate and Schedule/CSA) and ENA resolutions
(in the form of unanimous consents) and incumbency.  Sam will check on the
ENE guaranty.

There is nothing more that we can do unless you want us to call the
counterparty/lawyer.

Please advise.  Sara


Laurel:  Did you hear back from Chase regarding the trades, fees, etc.?  I
have to call Genero back shortly.  I can conference you in.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Jeff --

First of all, I wanted to thank you for your positive comments to Karen about my work on behalf of Enron.  She asked me to stay on board on an hourly, as-needed basis while they try to figure out what will happen next year.  Although I don't expect much work, it's certainly better than being cut out completely and she mentioned that you had appreciated my help during the contempt negotiations.

I don't envy Karen for her job at the moment.  I've been getting the clips and Houston doesn't look like a fun place to be right now.  I also don't think they're planning too far in advance.  Yikes!

I've got a couple of CPUC questions for you.  What's the process for making a presentation in regard to either a specific case on the agenda?  Is it simply a matter of being present during a public hearing, or is there a list of witnesses/commentors that you have to get on?  The reason I ask is that I've been approached by a potential client regarding some telecommunications/broadband issues, with an appearance at the CPUC as a news hook.

How far in advance is the meeting agenda set?  I noticed that a meeting is scheduled for Nov. 29, but an agenda was not available on the Web site.  Is it likely that it is still being compiled?  How do you get on the agenda?

Any light you can shed on this for me would be appreciated.  I don't know if this project is going to come through or not, but I'm not sure my possible client is any better versed on CPUC procedures than I am.  I figure at least one of us should know what we're talking about.

Thanks!  You might give me a heads up if there's anything on one of the upcoming Wednesday calls that you'd like me to comment on.  Since I'm basically on call, I probably won't dial in unless someone gives me a reason.

Best,
Ken


Hi, Elise.  Sorry to bother you, but when Kali was unwrapping her presents
last night, there were two without cards or tags (probably lost in
transit!!).  We narrowed it down to Laura and Sofi.  So that we can get the
thank you notes correct, did Laura give Kali  a Skipper doll or a bath set in
a blue bag?  Thanks for your help.

Susan

P.S.- We ended up selling 131 boxes at the booth on Saturday.


Yes, offshore (ie, as ENA) with an onshore or offshore counterparty, as it
desires.  SS

	From:  Rod Nelson                           03/10/2000 07:37 AM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Pluspetrol

Can we trade financially in Argentina?

---------------------- Forwarded by Rod Nelson/HOU/ECT on 03/10/2000 07:35 AM
---------------------------

Rodolfo Freyre@ENRON_DEVELOPMENT
03/09/2000 02:42 PM
To: Rod Nelson@ECT
cc: Jeff Kabel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Pluspetrol

Rod,

We will be sending you the financial statements of Pluspetrol so that you can
analyse it and send the credit worksheet to legal so that they fill the
schedule and the credit support annex of the ISDA.

Pluspetrol (CayCo) is interested in signing an ISDA with ENA so that they
start hedging Crude Oil.  Pluspetrol is a very important company in Argentina
and they are one of the largest crude oil producers.

We will send you the information soon.

Tks,

Rolo
---------------------- Forwarded by Rodolfo Freyre/ENRON_DEVELOPMENT on
03/09/2000 05:39 PM ---------------------------

Rodolfo Freyre
03/09/2000 05:16 PM
To: Susan Bailey/HOU/ECT@ECT@ENRON
cc:

Subject: Pluspetrol

Susan,

The name of the Company is "Pluspetrol Resources Corporation LLC", setup in
Cayman Islands.

Rolo


Hey,

I checked out the Houston Chronicle website and there were two Preludes that
would be comparable to mine.  One was advertised for $21,995(which is the
blue book) and the other was advertised for $18,900ish.  Of course both were
being sold by dealers, so I probably couldn't get quite that much.  But I can
probably get enough to make it worthwhile to go ahead and sell my car.  I
just wonder how long it would take before it actually sold.

That's what I've accomplished since lunch.  Talk to ya later,
Robin


Hi Folks,

If you're reading this...Stop.   Get back to your friends and family.
Nothing happening in the Football World that can't wait.

From all of us at Footballguys.com, we want to wish you and yours a sincere
Merry Christmas.   Hope you have a great one.

Joe, Dave & and the Staff at Footballguys.com

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Mary Cook requested certain updates be made to ENA's Guaranty documents.  Attached are REDLINED versions of the Guaranty documents.

	1.  Enron Corp. Guaranty & Counterparty Guaranty

	2.  Enron Corp. Guaranty (multiproduct)

	3.  Counterparty Guaranty (multiproduct)

Clean versions of these Guaranty documents are a available for use and can be accessed as follows:

		O:\Legal\ATTY.FMS\SWAP FORMS\Current

Regards,
Susan S. Bailey
Senior Legal Specialist
Enron Wholesale Services
Legal Department
1400 Smith Street, Suite 3803A
Houston, Texas 77002
phone: (713) 853-4737
fax: (713) 646-3490
email: susan.bailey@ enron.com


FYI -- The real time traders informed me that the California Air Resources
Board voted unaminously to force car makers to sell 14,000 electric-powered
cars every year by 2012.  Maybe this is helpful in your arsenal of why
electric plants should be built soon.


Center for the Advancement of Energy Markets

Wow!  What a year 2001 has been for the supporters of energy competition.
For every good bit of news (Pat Wood, one of our heroes at CAEM, being
selected to head the Federal Energy Regulatory Commission, and the
continuing progress that the Canadians - yes, the Canadians - have made
towards energy competition), we have had to bear one disaster and misstep
after another throughout the year.   Let's see, in December 2000, who could
have predicted..

1.  The tragic events of September 11th.
2.  The California implosion.
3.  Pennsylvania marketer retrenchment.
4.  Price volatility and high prices (but it could have been worse if Mother
Nature did not help out).
5.  Bush Energy Plan ignores meaningful restructuring.
6.  Enron collapse.
7.  FERC Blinks on Super RTO.
8.  Texas missteps in pilots for opening the market.
9.  No leadership emerged to meet the crisis in restructuring.

2001 was one heck of a year - but thankfully, probably the nadir of the
movement towards energy competition in North America.  As CAEM looks into
our crystal ball (natural gas fired, of course) for the coming year, we see
a better year.  Below are some of the predictions and responses from the
CAEM staff about what we expect to occur.  The responses below are primarily
concerned with electricity, but to a lesser extent, may be applied to
natural gas as well.

As always, do not bet the house on what we have to say.  We are just a
little think tank, kind of like the little engine that could.  And we can.
And we do.

Happy New Year!

The CAEM Staff

P.S. If you would like to add a prediction or two, please send an e-mail
with your name and contact information to Hope Duncan at hduncan@caem.org
We will post them to our web site - www.caem.org  Please identify which
question below is being addressed by your prediction.


yes i did

Karen Arnold <klarnold@flash.net> on 02/24/2001 02:55:05 PM
To: john.arnold@enron.com
cc:
Subject: WINE SPECTATOR

 Did you ever receive the wine spectator magazine?  I had some
correspondence from them and I will toss if you are receiving it.  If not,
I need to contact them.


UH Team:

Resume Review:
The Analyst/Associate group is currently collecting resumes from the University of Houston.  We will be holding a resume review session sometime this week to select the students who will be invited to interview with us next week.  Since there are several resumes to review, we will be needing your help in the selection process.  An email will be sent to you stating the time and place of the review session.

# of Interviewers/Greeters Needed:
On campus interviews will take place on Mon-Nov 12th and Tues-Nov 13th.  Until we determine the number of students that will be interviewing, we do not know the exact number of interviewers needed.  Therefore, we are estimating 8 Interviewers are needed for Day 1 and 4 for Day 2.  Since it is not uncommon for an interviewer to be unable to volunteer due to business reasons, we need to have an alternate list as well.  We would like to have 4 alternates for each day.

We only need 3 Greeters each day.

Below are those already listed to interview:			Below are those already listed to greet:

 Mon, Nov 12th			Tues, Nov 13th			Mon, Nov 12th			Tues, Nov 13th
1. Rod Hayslett 		1. David Draper		1. Theresa Vos			1.
2. David Shields		2. Rachel Cady			2. Finney Attasseril		2.
3.				3.				3.				3.
4.				4.
5.
6.
7.
8.

1. Interviewers (Mgr and up) - Your schedule permitting, verify if you would like to volunteer or be an alternate (select a day)
2. Greeters (Below Mgr) - Your schedule permitting, verify if you would like to volunteer or be an alternate (select a day)

I will be out of the office Thursday and Friday this week (but checking email) so please respond to me with CC: to Jeff D. Davis.  Thanks for your assistance.

Regards,
Tracey Kozadinos
Risk Assessment & Control - Portfolio
713.853.3446


I appreciate the level of detail we are going to in the analysis of how to
manage offshore products to mitigate US taxation risk but I believe the
reality is that we are going too far. If we are actually concerned about this
level of detail then we should not do operate in this fashion at all. If
someone really wanted to come after Enron's US income in relationship to this
structure and the manner in which we are operating daily there are plenty of
other arguments they would make first.

I would propose a better analysis would be regarding the precedent cases in
which Argentina has gone after US income tax noting the details,
circumstances and number of times. This would allow us to advance in making a
solid commercial decision on the risks we bear vs covering every contingency
in an emerging market.

The reality is that I do not expect to operate in this fashion as a primary
business with hugh volume. I believe it is still better to face the facts and
bring the business onshore and deal with the issues in Argentina while also
isolating the risk via a local structure. In addition it still is not proven
we have a risk until we see the performance of the system and the acceptance
of such by the market.

It might be more expedient to move forward and deal with any issues as they
arise knowing we can always adjust or stop the activity.

Your comments would be appreciated and thanks for expediting things so far.

MFG

---------------------- Forwarded by Michael Guerriero/SA/Enron on 11/23/2000
04:27 PM ---------------------------

Patrick Hansen
11/23/2000 12:36 PM
To: Michael Guerriero/SA/Enron@Enron
cc: Andrea Calo/SA/Enron@Enron

Subject: Argentine Financial Power

Mike,

Regarding the implementation of an Argentine Financial Power product in
EnronOnline, where the Enron entity transacting is ENA, certain issues need
to be clarified and then communicated.

Whoever will run the Stack Manager for this product has to be physically
located in US?.
Does that person who runs the Stack Manager need to be an ENA employee or can
a ESA employee execute the transaction on behalf of ENA?.
Can Julian sitting in Buenos Aires have read only access to that product on
the Stack Manager?.

Once these issues are clear by Legal and ENA, and the person who will run the
Stack Manager is identified (Alberto Carreo?), we need to communicate all
this to Dave Forster in order to get the EnronOnline staff involved in
implementing the product.

The Product Description is ready and the GTC is in Brent's hands to be
finalised. Once the (i) devaluation language, (ii) collateral arrangement and
(iii) Index language are added to the GTC, it should be finalised; so I
understand. The other thing that we need from legal is the Confirmation
Template, which will have to be sent from Houston to the counterparts (Scott
Mills team need it).

I would appreciate your help in getting these issues in place ASAP, so that
we can get our product online by December 4th.

Thank you.

Patrick


Dear Friends,
Time to get a head count for the Fahita Dinner for Don Jr.'s Birthday Bash,
please send me an e-mail at baughmanpatricia@hotmail.com and let me know
today if you will be able to come Friday. For directions: Kari and Sean's
home is about 1 block from where 528 and 518 cross. Winding Way is a street
1 block East of the above intersection. Go North on Winding Way to the first
street, Charleston, turn right, and their home is at the end on the right.
Winding Way connects 518 and 528.Please call me or Kari for any questions
and look forward to enjoying the evening with ya'll. Love, Pat Baughman

>From: "Troy Williams" <twilliams@ev1.net>
>To: "Don C Baughman" <don.baughman@marshmc.com>, "Bobbie Bearden"
><bsbearden@hotmail.com>, "Peggy Dickerson" <Pad0330@aol.com>, "Susan
>Newman" <susan.newman@equistarchem.com>, <baughmanpatricia@hotmail.com>,
>"Kari" <ktracey111@aol.com>, "Sean Tracey" <seanpat@aol.com>,
><o_briandave@hotmail.com>, "shannon" <shannontyer@email.msn.com>, "reid
>stav" <reidstav@houston.rr.com>, "Lalenia Stav"
><lstavinoha@themedlehgroup.com>, "eric korth" <ejkorth@flash.net>,
><tbooth87@flash.net>, <twomarshalls@hotmail.com>, <fast@evi.net.mail>,
>"Andrea Williams" <andrea.p.williams@us.pwcglobal.com>,
><jason.d.moore@carrier.utc.com>, <jkuehler@wecon.com>,
><jebert@eadslink.com>, <gsnapka@pdq.net>,
><Michael_J_Newman@reliantenergy.com>, "Bat Oggero" <batoggero@yahoo.com>,
><Dragcraps@aol.com>, <kenneth.d.schall@us.arthurandersen.com>,
><stichavsky@pct-inc.com>, <j.purdom@worldnet.att.net>,
><david_nobles@ewingcc.com>, <rpearson@oilstates.com>,
><scottsmith@masterword.com>, <drkubala@thompson-grp.com>, <patpol@aol.com>,
><john.kinser@enron.com>, <lcampbel@enron.com>, <cyril.price@enron.com>,
><rudy.acevedo@enron.com>, <richard.hrabal@enron.com>,
><juan.hernandez@enron.com>, <kayne.coulter@enron.com>,
><mitch.robinson@enron.com>, <chad.starnes@enron.com>,
><larry.jester@enron.com>, <wayne.herndon@enron.com>,
><joe.stepenovitch@enron.com>, <keller.mayeaux@enron.com>,
><laurence.clayton@enron.com>, <dlaurent@enron.com>, "marc stewart"
><stewart@mallia.com>, <mstewart@pdq.net>
>Subject: Don's Birthday Party Invitation
>Date: Thu, 9 Nov 2000 21:19:40 -0600
>
>We look forward to seeing everyone!
><< don_sbirthdayinvitation.exe >>

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


Thanks for your help!  I'll let you know what I learn.  SS


Come to 9am mtg
--------------------------
Jim Steffes
Enron


This is an automated e-mail sent out from the Commissioner.COM
web site.  Do not reply to this e-mail, but instead please visit
your league's site.  Go to http://fantasy.sportsline.com and sign in!

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

Tori Kuykendall requests the following transaction:.

		Drop  Jets.

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

To approve this transaction, please go to your web site and
select Transactions, Requests in the Front Office.


where you been bra?


Marcelo:

Thank you for your response.  Yes, I am still interested in having the two
questions (mentioned in my email to you) answered.  We have several
derivative transactions with Chilean parties and I would like to know of
modifications to both the derivatives memorandum which you prepared for us in
1997 AND changes to our form of Schedule.  Please let me hear from you at
your earliest convenience.

Regards,

Sara

	"Marcelo Armas M." <marmas@philippi.cl>
	12/13/2000 06:39 PM

		 To: <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: Financially Settled Transactions (Derivatives)

Dear Sara,

I was out of the office last week and although I was checking my mail, for
some reason I could not receive yours. I will review my memos and let you
know of any update, unless you tell me that it is not necessary anymore.

Kind regards,

Marcelo

-----Mensaje original-----
De: Sara.Shackleton@enron.com <Sara.Shackleton@enron.com>
Para: marmas@philippi.cl <marmas@philippi.cl>
Fecha: Lunes, 04 de Diciembre de 2000 08:56 p.m.
Asunto: Financially Settled Transactions (Derivatives)

>Marcello:
>
>By way of introduction, I am a lawyer with Enron North America Corp.("ENA")
>in the derivatives area.  I have read your memorandum of March 17, 1997
>which was prepared for us and which addressed both physical and financial
>trading issues.
>
>I am also aware of the recent memo which you prepared for Brent Hendry re:
>internet trading.
>
>I have two (2) followup questions for you limited specifically to financial
>trading (NOT VIA INTERNET):
>
>     (1)  Do you have any changes to add to your memo of March 17, 1997
>with respect to financial trading?
>
>     (2)  Would you modify ENA's Schedule to the ISDA Master Agreement
>(which I believe Brent Hendry recently forwarded to your attention)?
>
>I look forward to hearing from you.  ENA is about to execute a trade with a
>Chilean corporate and I will most likely see the trade confirmation in the
>next day or so.  You can reach me via email or by phone at (713) 853-5620.
>Thank you very much.
>
>Sara
>
>
>


The charts from these locations are not received in time to process for the 5th work day close, so these daily volumes are determined systematically based on the beginning and ending index readings. Even if they were, it is impossible to determine daily volume consumption from a 31day chart. Even decreasing the chart rotation is not a solution unless charts are received by the third work day to allow sufficient time for processing. The answer is to install EFM or possibly a Bullhorn unit to determine the actual daily index readings so that the daily quantities are accurately determined.. On these types of installations, how can we assess penalties on anything other than monthly quantities ? NNG has several locations where the existing equipment does not meet today's business needs, so we probably need to determine where these deficiencies exists, and identify the costs to resolve the problem.
Thanks-
Gary

 -----Original Message-----
From: 	Zadow, Raetta
Sent:	Tuesday, October 09, 2001 9:04 AM
To:	Anderson, Gary E.; Lachapelle, Donna; Stewart, Angeline; Farmington-Pipeline, Team; Rice, Tom
Cc:	Blair, Lynn; Dietz, Rick; Floyd, Jodie; Zadow, Raetta
Subject:	FW: Daily Volumes For Midwest Natural Gas

Gary, was wondering if you could help us out. Scott has told me that they have 31 day charts for the stations listed below and he was wondering why we couldn't read those so as to get daily volumes rather than taking the total for the month and dividing it by the number of days in the month to get the daily volume.  The reason for this is because, especially in the winter time, this can become very crucial when we calculate the penalty invoices which are done daily and are based on the differences between the daily physical volumes and the volumes that the shippers have scheduled on our pipe.  If these charts cannot be read daily, what can we do to make it so that they can. Could you please check to find out what we need to do in order to have accurate daily volumes for these stations.

Thanks,

Raetta

 -----Original Message-----
From: 	Farmington-Pipeline, Team
Sent:	Monday, October 08, 2001 9:55 AM
To:	Zadow, Raetta
Subject:	Re: Daily Volumes For Midwest Natural Gas

Raetta, here are the stations  numbers.  Thanks for your help. Scott 612-270-8501
Arcadia 747-051-01,02
Eleva 747-161
Independance 747-221
Mondovi 747-341-01,02
Strum 747-411
Whitehall #1 747-921
Whitehall #3 747-923

 << OLE Object: Picture (Device Independent Bitmap) >>
Team Farmington-Pipeline
06/22/2001 07:58 AM
To:	Raetta Zadow/ET&S/Enron@ENRON
cc:	Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON, Jodie Floyd/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON

Subject:	Re: Daily Volumes For Midwest Natural Gas   << OLE Object: StdOleLink >>

Thanks for looking into this for me Raetta.  I talked to Jim Banker this week and asked for him to check and see if they were charged for any penalty gas or not.  He said that he would let me know if they had.  He also stressed that we still need to see the actual daily volumes instead of average daily volumes on the volume statements.  I'm not quit sure if this part of the problem has been addressed yet or not.  Please let me know. Thanks Scott

 << OLE Object: Picture (Device Independent Bitmap) >>
Raetta Zadow
06/15/2001 04:43 PM
To:	Team Farmington-Pipeline/ET&S/Enron@ENRON
cc:	Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON, Jodie Floyd/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enron@ENRON

Subject:	Re: Daily Volumes For Midwest Natural Gas   << OLE Object: StdOleLink >>

I have looked at the DDVC invoices for Midwest for March, 2001 which total $304.70.  The SMS charges amount to $76.30 but the biggest part of the invoice is the negative DDVC charge which is for $228.40  - this occurred on March 26.  I was wondering if the Midwest Natural Gas people could let us know what they think the volumes should be on those specific wells that they are concerned about for the 26th and then if necessary, we could make those corrections.  Please let me know if there is anything else that I can do to help.

Thanks,

Raetta

 << OLE Object: Picture (Device Independent Bitmap) >>
Team Farmington-Pipeline
06/14/2001 03:04 PM
To:	Tom Rice/ET&S/Enron@ENRON, Bob Stevens/ET&S/Enron, Raetta Zadow/ET&S/Enron@ENRON, Angeline Stewart/GPGFIN/Enron, Diana Porter/ET&S/Enron@ENRON
cc:

Subject:	Daily Volumes For Midwest Natural Gas

I recently met with Jim Banker with Midwest Natural Gas from Whitehall, Wi.  He informed me that he had some concerns about whether or not he was being charged for penalty gas for daily volumes.  He showed me some gas volume statements that he recieved from GMS.  I believe it was the month of March Statement.  What the statement showed is average daily volumes instead of the actual volumes per day. (Ex. At  Eleva TBS Days 1 and 2 showed 122 MCF and Days 3-31  showed 118 MCF.)  These are charted stations with 31 day charts.  The stations that he is concerned about are Arcadia, Eleva, Independance, Mondovi, Strum, Whitehall #1,and  Whitehall #3.  Any assistance or knowledge that you can provide me would be greatly appreciated.  Thanks Scott 612-270-8501


Following are my comments.  The managers cc'd might have some additional thoughts.

 -----Original Message-----
From: 	Pena, Matt
Sent:	Monday, October 08, 2001 4:26 PM
To:	Pinion, Richard; Jaquet, Tammy; Superty, Robert; Pena, Matt
Cc:	Warner  , John ; Ripley, Brian; D'Souza, Romeo; Rao, Ramesh
Subject:	Path Manager Rewrite / Optimization project
Importance:	High

All:

We're currently identifying processes that are inefficient and could possibly benefit from being rewritten or not even performed.  Going foward, I would like Bob to appoint a lead business person to whom we could ask questions and or suggest ideas to so that they could in turn validate this information with the desk managers/schedulers.  We had this approach with Nomlogic and having Clarissa work the issues worked quite nicely.  Who ever you choose, we would need about 15% of their time for now.  Later on, with coordination efforts and testing, it may go up to 75%.  I don't see that happening for a while though.

The sooner we get someone to devote to this, the better off we will be.  I expect these changes that we'll be looking into should improve performance quite a bit.

That being said, we've identified three items that would speed up processing the retrieval of Path Manager.

1)  Currently, the Path Manager attempts to reuse Path Ids.  I can't think of any reason why we need to perform this extra step?    It runs through this processing on the application and generally doesn't find a match.  I know Patti has mentioned this several times and I can't think of a valid reason for performing this work.  I talked with Dave Nommensen, and according to him, what used to happen is that sometimes schedulers would get duplicate paths out there which is why they put this code in place???  From a scheduling perspective, my understanding of what your main concern is to just maintain your position and be able to change it.  If you were overpathed, you'd see it in the Path Manager either way. [Pinion, Richard]    To restate the question for clarity, in path manager a scheduler pulls down a supply, market and a service, adds any up/downstream contract information and/or Duns or DRN override and then saves it.  Unify looks for an old path with those exact variables and if it finds it re-uses it and if it does not find an exact match creates a new path and path id.  I had been told that to do away with this function would create an unacceptably high amount of paths since any path once nominated on could not be deleted.  Has this changed???  At one time there were some schedulers that looked for the same path / activity number match for nominations.  Texas Eastern was the only pipeline that needed the old activity numbers no matter how long it had been since they were used.  I spoke with Chris Ordway and the new LINK system no longer needs this to occur.  Transco uses activity numbers but uses the Activity number cross reference table to that function and therefore should not be affected.  Therefore, if it does not create a space or memory problem for Unify, I don't think that this constant old path look up is needed.

2)  The scheduling position window:  does anyone use this?  If not, we'll remove the code logic that populates this window.  I have never seen a scheduler use this.  Please verify. [Pinion, Richard]   Originally such a window was in use by everyone in the legacy system "Autonoms" so it was duplicated in Unify by request.  It is not used in Unify now because of the other sophisticated tools Unify provides which obviate it's use.  The only value would be notification of bridge errors or contract imbalances but there are other ways to determine those problems.  As voted on in a previous meeting of the managers - Lose it!

3)  On the inventory pool list, does anyone need to see the Contarct References List?  Again, this code is called every retrieval time and doesn't appear to be used from my observations.   If they do need this information, we could provide it, but if not, I'd prefer to remove the functionality. [Pinion, Richard]    This function is still very much in use by those with point based pipelines that must use the imbalance pool to facilitate balancing nomination volumes where multiple pipeline external pools exist and are pathed through the same contract imbalance pool.  Keep it!

4)  When pathing a one to many or many to one set of paths, what's the average number of paths they create at one time?  What about updates?  I know that ANR and NIGAS are big users of this feature since they have small packages of gas that they are limited in size to.  Does the system seem faster when you update one record at a time or chunks of records?  My real question is how often they do this and for what number of paths on both Updates and Inserts.  By update, I mean, going to the path list and changing an upstream / downstream contract or a PSNA which in turn forces a new path to be created. [Pinion, Richard]    This one to many or many to one pathing goes on every day on every pipeline.  There is no 'average'.  They typically update a path with up/downstream meters or duns or dnb numbers one at a time however.  I hope this answers your question.  I see no change to this process at this time

5)  On brokered paths, do you want to utilize the same logic we have for Service?  In other words, when updating Brokered arrangements, we don't incorporate the same logic for zeroing out the path and recreating a new arrangment link and hence sending it to be renominated?  Why do we do this for service?  Is it because we have to renominate it?  I assume that's what it's for since we don't send brokered paths to the pipe.  Anyway, with the Nomlogic implmentation (two way interface), we were planning on having it behave the same way as service.  We need this verified. [Pinion, Richard]    We don't perform the same logic for Brokered paths because these are not nominated to the pipeline and hence do not need a zero path to be resent to the pipeline when a significant change is made to the already nominated path.  I don't see a need to change the way Brokered paths are behaving at this time.


Mr. & Mrs. B.A. Kitchen	37 New Walk	Beverley			East Yorkshire	HU17 7DR	United Kingdom
Mr. & Mrs. P.A. Kitchen	3 The Granary	Wilson Road		Hadleigh	Suffolk	IP7 5RO	United Kingdom

 -----Original Message-----
From: 	Wallumrod, Ellen
Sent:	Friday, December 07, 2001 4:44 PM
To:	Kitchen, Louise
Subject:	julekort

hello

if you should find the time......

could I have your mum and dad's address and also Paul and Caroline's address for Christmas cards ?

keep smiling


-----Original Message-----
From: Poursharif, Chris [mailto:chris.poursharif@ubspainewebber.com]
Sent: Thursday, November 15, 2001 12:31 PM
To: Harrison, Tyrell; enronstock@painewebber.com
Cc: Trieglaff, Patricia S.; Grunsfeld, Kurt
Subject: RE: Stock Options after merger

Tyrell,

The following is the information that we have been provided thus far
regarding your questions below.  If the merger between Enron and Dynegy
closes, all terms and provisions of the option awards before the close are
preserved through and after the close except:

(1) number of options in Dynegy will be number of Enron options before the
merger times the merger ration of .2685

(2) the strike price for Dynegy options will be the strike price of Enron
options before the merger divided by the merger ration of .2685

The proposed transaction is considered an "approved" change in control for
purposes of the Enron Corp. stock plans.

I hope this helps with some of the questions.  If you have further questions
that I have not answered I would refer you back to Enron for clarification.

Regards,

Chris Poursharif
Client Service Associate
Corporate Employee Financial Services
UBS PaineWebber
(713) 654-0367 (Direct)
(713) 427-7509 (Fax)
1-800-553-3119 (Toll Free)
chris.poursharif@ubspw.com

-----Original Message-----
From: Harrison, Tyrell [mailto:Tyrell.Harrison@enron.com]
Sent: Thursday, November 15, 2001 11:48 AM
To: enronstock@painewebber.com
Subject: Stock Options after merger

What happens to the Enron options after the merger?
Are all options vested upon completion of the merger?
What happens to the number of options and the strike price, given the
ratio of 1 share of ENA = .2685 share of DYN?

Thanks in advance for your help.

Tyrell Harrison
Enron North America
(303) 575-6478

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what is going on?  i call your husband about two weeks ago and he never
called me back.  i am leaving for cayman today so i will scope out the scene
this weekend.  tell max to give me a call.


FYI - there is flow for 10/2 as well.

AL

Daren J Farmer
10/02/2000 02:23 PM
To: Aimee Lannou/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT
Subject: Re: Meter 9707

I rolled this deal for day one in October only.

Bob - Please check with Vance on this deal.  Has it terminated or should it
roll for October.  I don't think that Vance nom'd anything.

D

Aimee Lannou   10/02/2000 10:49 AM

To: Daren J Farmer/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT
cc:
Subject: Meter 9707

Daren - Meter 9707 has flow for Oct. 1 (1.459mmbtu).  Deal # 125786 was used
for Sept. 2000.  Could you please extend the deal or have a new one
created?    Thanks.

AL


----- Forwarded by Jeff Dasovich/NA/Enron on 06/06/2001 08:54 AM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	06/05/2001 05:08 PM

		 To: "Will Brown" <wbrown@lhom.com>, "Teresa Casazza"
<teresa_casazza@aeanet.org>, "Sande George" <sglobby@pacbell.net>, "Ron
Roach" <ron@caltax.org>, "Rex Hime" <rexhime@cbpa.com>, "Matt Sutton"
<matthew_sutton@aeanet.org>, "Lorraine Albrecht" <laac@pge.com>, "Lisa Frank"
<laf@ka-pow.com>, "Lance Hastings" <lhastings@cagrocers.com>, "LaJune Bush"
<lajunebush@aol.com>, "Jot Condie" <jcondie@calrest.org>, "Joe Ackler"
<ackler@ix.netcom.com>, "Jim Lites" <jlites@schottinc.com>, "James Clark"
<jclark@calbankers.com>, "Greg Turner" <greg@caltax.org>, "George Miller"
<gmiller@lhom.com>, "Gavin McHugh" <gmchugh@ix.netcom.com>, "Fred Taugher"
<fred@ppallc.com>, "Fred Pownall" <fpownall@ka-pow.com>, "Fred Main"
<fred.main@calchamber.com>, "Eric Miethke" <emiethke@ix.netcom.com>, "David R
Doerr" <dave@caltax.org>, "David Nagler" <nagler@gene.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Charles T Halnan" <chalnan@ns.net>, "Carolyn J.
Veal-Hunter" <vealhunter@att.com>, "Bruce Allen" <bruce@calcpa.org>, "Brian
Maas" <bmaas@calbankers.com>, "Bev Hansen" <bhansen@lhom.com>, "Barry Brokaw"
<bsbsacadvo@msn.com>, "Anne Kelly" <kelly@hnks.com>, "Amy E. Garrett"
<amy_garrett@car.org>, "Alan Lippincott" <lippial@bp.com>, "Susan McCabe"
<smccabe@mccabeandcompany.net>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Scott Govenar" <sgovenar@govadv.com>, "Sandi
McCubbin" <smccubbi@enron.com>, "Ron Tom" <rtom@govadv.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini"
<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Mike
Monagan" <mrmonagan@aol.com>, "Maureen O'Haren" <oharen@hmot.com>, "Marie
Moretti" <mmoretti@mccabeandcompany.net>, "Lynn Lednicky" <lale@dynegy.com>,
"Kent Palmerton" <kent.palmerton@williams.com>, "Katie Kaplan"
<kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>, "Julee Ball"
<jmball@ns.net>, "John Stout" <john_h_stout@reliantenergy.com>, "John Larrea"
<john.g.larrea@williams.com>, "Joe Ronan" <joer@calpine.com>, "Jeff Dasovich"
<jeff.dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny Jones" <smutny@iepa.com>, "Jack Pigott" <jackp@calpine.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "Greg Blue" <gtbl@dynegy.com>, "Delaney
Hunter" <dhunter@s-k-w.com>, "Andy Brown" <abb@eslawfirm.com>, "John Norwood"
<janorwood@norped.com>, "Pete Conaty" <pcaceo@pacbell.net>, "Matt Kilroy"
<matt.kilroy@pge-corp.com>, "Cary Rudman" <cjrudman@softcom.net>, "Carolyn
McIntyre" <cmcintyre@sempra.com>, "Barbara LeVake" <blevake@syix.com>, "Paula
Soos" <psoos@covantaenergy.com>, "Mohammed Alrai" <mohammeda@calpine.com>,
"Kent Robertson" <kentr@calpine.com>, "Katherine Potter"
<katherip@calpine.com>, "Juan Rodriguez" <juanr@calpine.com>, "Eileen Koch"
<eileenk@calpine.com>, "Bill Highlander" <highlander@calpine.com>, "Aymee
Ramos" <aymeer@calpine.com>, "Virginia Gates"
<virginia.gates@us.pwcglobal.com>, "Timothy Hayes" <thayes@deloitte.com>,
"Terry Eager" <terry.eager@us.pwcglobal.com>, "Steve Danowitz"
<steve.danowitz@ey.com>, "Roy Crawford" <rcrawford@brobeck.com>, "Robin
Crawford" <rocrawford@deloitte.com>, "Robert Salazar" <rsalazar@kpmg.com>,
"Richard Pomp" <rpomp@law.uconn.edu>, "Richard Hayes" <rhayes@ffic.com>, "Rex
Halverson" <rhalverson@kpmg.com>, "Regina Schroder"
<rschroder@barteleng.com>, "Prentiss Willson" <prentiss.willson@ey.com>,
"Phillip Jelsma" <pjelsma@luce.com>, "Peter B. Kanter" <pkanter@mofo.com>,
"Paul Frankel" <pfrankel@mofo.com>, "Nancy Iredale" <nliredale@phjw.com>,
"Michel Stein" <stein@taxlitigator.com>, "Michael Herbert"
<michael.d.herbert@us.andersen.com>, "Matt Stolte"
<matt.stolte@us.pwcglobal.com>, "Marilyn Wethekam" <mwetheka@hmblaw.com>,
"Kathy Sommers" <kathy.sommers@us.pwcglobal.com>, "Karen Hawkins"
<klhawkins@tagghawk.com>, "Julian Chavez" <jchavez@dttus.com>, "Joan Irion"
<jirion@hewm.com>, "Jesse Rosas" <jesse.s.rosas@us.arthurandersen.com>, "Jeff
Morris" <jmorris@kpmg.com>, "Jeani Brent" <jebrent@deloitte.com>, "Jana
Howard" <jana_howard@ftb.ca.gov>, "James Kleier" <jkleier@prestongates.com>,
"James Buresh" <james.f.buresh@us.arthurandersen.com>, "Jack Sweitzer"
<john.w.sweitzer@us.arthurandersen.com>, "Holly Hyans" <hhyans@mofo.com>,
"Hal Kessler" <hal.s.kessler@us.andersen.com>, "Gregory J. Masters"
<gjmasters@duke-energy.com>, "Glenn Bystrom" <glenn.bystrom@ey.com>, "Eric
Coffill" <ecoffill@mofo.com>, "Elaine Bialczak" <jbialczak@dmainc.com>,
"Edwin P. Antolin" <eantolin@mofo.com>, "Douglas Bramhall"
<dbramhall@kpmg.com>, "Doug Schwartz" <dschwartz@pacbell.net>, "Dennis Perez"
<perez@taxlitigator.com>, "Deborah Nosowsky" <deborah_j._nosowsky@ffic.com>,
"Dan Thompson" <daniel.l.thompson@us.pwcglobal.com>, "Charles Rettig"
<rettig@taxlitigator.com>, "Charles Moll" <cmoll@mofo.com>, "Bruce Kessler"
<bruce.j.kessler@us.arthurandersen.com>, "Bruce Daigh"
<bruce.daigh@us.pwcglobal.com>, "Bart Baer" <bart.baer@bakernet.com>, "Barry
Weissman" <barry.weissman@us.pwcglobal.com>, "Barry Hacker"
<bhacker@kpmg.com>, "Arthur Rosen" <arosen@mwe.com>, "Amy Silverstein"
<asilverstein@mofo.com>, "Albert Mencher" <ammtax@naea.org>, "Al Koch"
<alkoch@earthlink.net>, "Al Golbert" <agolbert@aol.com>, "David Cohen"
<david.m.cohen@us.andersen.com>
		 cc:
		 Subject: AB 2xx passes fiscal cmte

In a hearing off the Floor this afternoon, the Assembly Appropriations
Committee voted on a partisan basis (14-7) to pass AB 2xx (Corbett), which
would enact a gross receipts tax on power generators.  Please note that three
amendments were adopted by the author:  (1) exempt state contracts (not all
long-term contracts like SB 1xx does) and the taxpayer would have to go to
DWR for this exemption; (2) taxpayer would get a credit for any similar tax
paid in another state (assuming other states will actually enact windfall
profits tax bills; (3) PUC will adjust the base price quarterly (rather than
"from time-to-time").
Next stop is the Assembly Floor, planned for Thursday morning.

Chris Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite 710
Sacramento, CA  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com


I'm there.  I'm out Friday.  Also, Molly will be full time CES starting next
week.

Kim, please reserve a room for a conference call for one hour starting at
11:00 am this Thursday.

	From:  Colleen Sullivan                           03/28/2000 12:49 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: storage clarification & issues

Chris--FYI--are you available for a meeting Thursday, March 30 at 11:00 a.m.
to discuss these issues?  If so, will you ask Kim to get a room for us for
about an hour?

Thanks.

---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 03/28/2000
12:47 PM ---------------------------

mflewellyn@columbiaenergygroup.com on 03/28/2000 12:34:07 PM
To: " - *colleen.sullivan@enron.com" <colleen.sullivan@enron.com>
cc:
Subject: storage clarification & issues

Colleen,

Attached is an updated storage proxy schedule for COH and AGL showing what our
balance will be as of April 1, 2000.  As always, if you have any questions,
please let me know.  I'm sending a copy of the document to Denny Pick for
signature and will then send it to Jeff Hodge to get signature from Enron.

Aside from the storage issue, there are several other items that we need to
discuss.  Below is a brief description of each.  Please let me know how you
think we could best deal with these - whether it's via phone call or having an
in-person meeting down in your office.

1.  Pricing - I left you a message about this last week.  According to Chris
Germany, all changes to volumes after first-of-the-month must me negotiated.
In the contract, however, it specifically refers to pricing intra-month using
gas daily OR negotiated pricing depending on the timing of the change.

2.  Consistency - During our discussions with Chris, it sounds as though some
pipes are being handled differently than others again as it relates to
intra-month changes.  I'd just like to make sure that we agree on the pricing
mechanism and then apply it consistently.

3.  Local production - Apparently there was local production that John Singer
purchased specifically to back Retail customers, and this production was not
removed from the Wholesale book prior to the sale.  We need to discuss how to
handle this production.

4.  Monthly invoices - We still haven't seen the complete January 2000
invoice.  As I understand it, the demand charges have not all been sent over,
and several items that need to be changed haven't yet been changed.  Also,
Brian Perrone and Charlie Dalphon have indicated that they have requested
back-up documentation on the demand charges, but we still haven't received
anything.

5.  Swap confirmations - For all of the swaps that Clay Deaton put in place
with Enron to keep Retail's existing hedge positions in tact, I still do not
have executed copies of all of the confirmation agreements.  Rich Contos and I
have both called several people about getting a complete set of copies, but we
can't seem to find the right person over there.

Whenever you have time to discuss these, please let me know.

Thanks,

Melissa


Having failed to resolve either the budget or the energy issues, the Legislature is likely to postpone its recess and work through the weekend, at a minimum.
In sum, though many claim that the Legislature will "vote for something," it still doesn't appear that the "something" will include a measure that will keep Edison out of bankruptcy.
The Senate and Assembly remain extremely far apart in their approaches to amending the Governor's original MOU (which is dead).
The ranks of politicians that view bankruptcy as the best alternative is growing.

In the Senate:
SB18XX---Bill to de-link the bonds from the DWR Contracts
In the only bipartisan move to date, SB18XX passed out of two committees yesterday, but has not yet been voted on by the full Senate.
The bill de-links payment of the bonds needed to backfill the state budget from payment of DWR contracts.
The bill is being driven by increasing concerns over the volume and price of the DWR contracts.
The DWR contracts are being held up as the reason California must suspend, or end, Direct Access.
Republicans on the Assembly side are supportive of 18, but Hertzberg--the Speaker--has joined with the Governor's people in the view that the bill would impair the contracts, consititute a breach, and expose the State to substantial damages.
As a result, when the bill passes the Senate and gets over to the Assembly, its chances of passage there are low.
SB72XX---The Senate's MOU
The Senate's version of the MOU--SB72XX--limped out of its final committee yesterday before going to a vote by the full Senate, but its chances of passing the full Senate at this point are 50-50.
The problem is that many democrats believe they will be attacked for voting for a bill that will likely drive Edison into bankruptcy, while many other democrats fear it will look like they bailed out Edison----the courage and leadership is awesome.

In the Assembly:
The Assembly two versions of the MOU---AB 82XX and AB 83 XX (now AB 50XX)
The Assembly is severely divided over how to address the energy issue.
The Speaker is having a very difficult time getting democrats to support his own bill (82XX).
Many moderate democrats support a bipartisan bill developed by a democrat (Rod Wright), who has broken ranks with Repbublicans, and Assembly Republicans.
In the end, the Speaker's bill is likely to prevail.
Things are complicated by the fact that the Assembly is having a very difficult time getting a budget passed.
As noted above, the Assembly democractic leadership opposes SB 18XX and is trying to cobble together an alternative to 18.


maybe that would be the best solution


Cara,

We store the region from the path cuts in the database as a single EnPower Region.  That means that we can only map California to one of R10, R11, and R12.  Are you intending the regions within Path Confirmation to represent a group of EnPower Regions?  If so, we will need to make a database change to store those groupings.  I expect that the database change would take a long time because it will involve a Global database change.

Thanks,
Will

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Monday, August 13, 2001 4:11 PM
To:	Bentley, Corry; Poston, David; Smith, Will; Venkataswami, Vishwanatha
Subject:	More on the Region Choices for Path Cut

Good Afternoon,

I do want the regions to understand Enpower Regions, but at the same time not be so specific to the user.  Here is the breakdown that I would want:

California = R10, R11, and R12

Northwest = R9
	Enpower calls it MidColumbia, but many more delivery points than Just Mid Columbia are contained within it, and I don't want to list them all in the region choice or 	confuse the useres further by them looking for something in the northwest that is not MidColumbia.

WSCC-S=R7

Rockies = R7A

WSCC-N=R8

Please also see my notes below on the existing system. I am happy to provide any further explanation you would like.

Cara

 -----Original Message-----
From: 	Smith, Will
Sent:	Monday, August 13, 2001 1:53 PM
To:	Semperger, Cara
Subject:	RE: Testing PSW and Path confirmation

Cara,

It appears that some clarification on the Regions is necessary.  Vish has implemented the cuts to show regions as defined by the Regions table in EnPower.  This is the same table that is used in many of our reports.  Should the regions that you are speaking of be separate from EnPower's list of regions?

Vish tells me that "California" equates to all of NP-15, SP-15, ZP-26.  Also he is unable to resolve "Northwest".    Should we not resolve your list of regions to the EnPower list?

Also, as an aside, I took a look at the West Discussion - Schedule Information in Notes and noticed that when looking at cuts the tree hierarchy was as follows

Hour Ahead / Real-Time
Region?  (e.g.  Montana, MARKETER, WSCC, NW, SW, FED Utility) This is why I want preset regions, right now they are user defined and a mess
Date
Path
Cuts

I think the best way is to have the sort selection as it is in the new system, by date primarily, and then the nifty sort tool you all have written

Is the second item in the tree related to the region selection for path cuts?  Yes

Thanks,
Will

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Monday, August 13, 2001 1:16 PM
To:	Bentley, Corry; Poston, David; Smith, Will; Venkataswami, Vishwanatha
Subject:	Testing PSW and Path confirmation

Good Afternoon,

Here are my findings for the latest Release of the PSW and Path Conf. I am re-running the date of June 22, as I see no data in the path confirmation for that date.

PreSchedule Workspace:

I tried to open the sheet "PV_JUNE22_LIMITED"  and got this error "Access violation at address 00000016. Read of address 00000016.  I could not save, close or do anything, I had to end task to get out of the sheet and the PSW.  I had run the COB sheet prior to opening the PV sheet, and had closed the COB sheet. When I re-opened the "PV_JUNE22_LIMITED"  sheet, it was completely blank.  This kind of data loss would be catastrophic in production if we were not using an outside Excel spreadsheet.

Error checking
The workspace seemed to get stuck on one deal not being a market deal (#657854.1) that was put in the market deal number area. It is an EPMICALPOOL deal that is a buy/resale.  This error is understandable in the rows where the deal is present, but the routing error check mentioned it in rows 69-192, where the deal number was not present. Can the sheet be made to understand that a buy/resale should be tolerated in either the Supply or Market deal number cell?

I also got just "Error:" with no explanation of what the error was for rows 3-6, 9-11 and 21-28.  Rows 3-6  and 9-11, has a NW delivered upstream and Portland General System Downstream, both identified as Portland General System on the sheet. Rows 21-28 I see no errors apparent.

My second PV sheet gave me  routing error  "Error:"  with no explanation on rows 2-45.  The only thing I see is that I have chosen R instead of X for the export.  I changed all rows to X, and still got the routing error with no explanation.  I have enclosed that sheet for your inspection. Could it be that the system already detects routes?

 << File: PV_JUNE22_LIMITED.psc >>

Path Confirmation:

The Transmission information seems to be populating correctly, all trans looks good and has the -E- on each side. I can put my POR/POD info in the Oasis cell, and all the info looks great!
The Global ID Sorting is working just right.
The Tag Sorting is also working just right.
The expanded view is showing the entire path regardless of length.
I like the POR and POD sort capability, this will be very helpful.

In the Expanded View,  even though I know the counterparty, this view sometimes shows me a blank drop down box where the counterparty should be. Allegheney did not show a counterparty name here. This actually looks like it might be specific to Allegheney.

In the line view My counterparty on the sheet CPS shows Constellation Power Source, Inc.  but in the expanded view I see City Public Service of San Antonio. They both have CPS as their short name, but the second counterparty is an East Desk Counterparty. Corry, Can you get their short name changed to something else you like?

Path Cut:

The regions are not what I have repeatedly asked for.  I only want to see the following:  California   Northwest   WSCC-N   WSCC-S  Rockies.  If I need to provide more explanation on this, I am happy to do so. The current breakout is too detailed as well as incomplete, and will be cumbersome for real-time and settlements to use.  These regions will correlate with the same region choices in the Discussion Dbase that I am working with Poston to get done.

Closing path cut seems to take quite a long time even when no saving is done, just over a minute. Users will percieve this as something broken.

I think that Bill Williams III and the real time group here will have more to add on path cut, I will hand this off to them very soon.

Overall Findings:

I feel that with this release we are very close to what we need for production.  We will definately have to get a handle on the data loss issue, but the functionality looks really good.  My goal is to release this and the discussion Dbase at the same time so that we are able to tell settlements that from "X" date previous the records are in lotus, and from "X" date forward they are in the new system. Those groups will have huge confusion if we overlap days in both.

Please let me know anything else that I need to do, and when I may test again.  Thanks

Cara


Attached is the presentation and speech notes that Ken Lay used on Wednesday
at the Austin meeting with Bush, etc.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Measured Volume Discrepancy from 1/00-10/00  EB35C1

Date:		1/24/2001
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Brian:  Transwestern Pipeline Company asks that it be included on list of
parties to the Motion for Modification of the Procedural Schedule, with the
following footnote:  Transwestern supports the portions of the settlement
proposal pertaining to transmission rights, and the designation of primary
and secondary rights described on Appendix A.  Transwestern does not oppose
the other parts of the settlement.

Susan Scott
Transwestern Pipeline Company
(713) 853-0596
sscott3@enron.com


713-417-1591

It's about 6:45 pm right now - I need to spend 15 minutes or so on open items on my desk, then I will be headed home.  Commute takes about 35 minutes this time of night.  Try me in the car about 7:15 pm tonight and I can fill you in during my commute.  Feel free to call me at home tonight as well.  Best after 9:30 pm - 281-370-8568.  Other option will be during my commute tomorrow morning.  Try me in the car about 7:15 am.  --Sally

-----Original Message-----
From: Pickering, Mark
Sent: Monday, October 22, 2001 6:47 PM
To: Beck, Sally
Subject: Cell number

Sally what's your cell number, I'd like to hear what was said in the MD meeting.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


As we continue to mold Enron Net Works into the service organization model discussed at the ENW All Employee meeting on Oct. 5, we are pleased to announce the following changes to the organization.

Steve Hotte, currently transitioning into the role of CIO for Enron Americas, will take responsibility for the following areas:
Gas Trading - Zhiyong Wei
Power Trading - Steve Nat
Back Office - Ramesh Rao
Commercial Coordination - Tommy Yanowski

John Paskin, currently transitioning into role of CIO for Corporate Systems will lead the following teams:
ISC - Allan Sommer
Enterprise Portal - Tony Mends
Treasury - Tom Conley
Intranet/Livelink/Graphics - Scott Cleverly, JoAnne Knodel, Vikki McCullough
CRM Strategy - Kevin Guion
Matrix with HRIS - Kathy Schultea

Steve Stock will move into the new role of Enterprise Frameworks reporting to Mark Pickering and will lead the following teams:
Architecture - John Simmons
Development Support - Richard Burchfield
Global Data - Joe Wong
MKM - Arlene Ogden
Enterprise RAC
 	 RAC Analytics - Winston Jia
  	 RAC Infrastructure - Ramesh Ganapathy
Global Valuation - Dana Docherty

Interviews for a CIO for EGS are currently in progress.

Please join us in congratulating all of these individuals on their new responsibilities.  A copy of the Organization structure is attached for your review.

Greg, Sally and Mark


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/22/2000 06:46 PM -----

	Gaurav Babbar
	06/22/2000 06:30 PM

		 To: david.hoog@ace-ina.com, Bill Windle/Corp/Enron@Enron, Leslie
Hansen/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Exhibit 2

The attached  exhibit details the procedures for issuance of the certificates
and the premiums.

Gaurav


Thanks Kam.

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Friday, November 09, 2001 2:51 PM
To:	Smith, Matt
Subject:	FW: revision tds

Matt,

You're positions will not show up tonight until we "load" them.  This will be done once your P&L is calculated for the night.  After tonight, your trades will hit immediately after they are executed.

Please call with any questions.
Kam

3-5781

 -----Original Message-----
From: 	Smith, Matt
Sent:	Friday, November 09, 2001 1:19 PM
To:	Keiser, Kam
Subject:	revision tds

Kam,

Now I tried msmith18_pc and my trading track simulation book was available to select, but nothing else.

Mat


Greetings, my name is Rodney Derbigny and I am in the Associate / Analyst program here at Enron.  I'm writing because yesterday I attended the University of Houston 2001 Bauer College of Business Scholarship Dinner and I was surprised by the non-representation or presence of Enron at the banquet other than myself.  I graduated from the University of Houston with a BBA in MIS this past May and I'm curious to know why Enron is not more involved with U of H.  I know Enron is vastly involved in the community and institutions of higher learning, but I want to know if we can put a little more effort into relationship our with U of H.  Being that a large number of employees within this corporation have an affiliation or graduated from this fine university, I believe we would only be limiting ourselves and failing to capture the vast abundance of talent that attends this school.

	Last night and at the career fair last week, I had the pleasure of meeting Dean Arthur Warga, Assistant Dean Bob Casey, and Associate Vice Chancellor Spencer Yantis.  These gentlemen informed me of the College of Business's new endeavors and direction, especially the Energy Marketing Institute.  I was informed that a presentation has been made to Enron regarding the Energy Marketing Institute, but the progress of the relationship is still on hold.  I respectfully request that Enron begin taking this opportunity into a serious consideration because of the vast opportunities it will provide for this company and the University.  At the banquet, a number of our current industry competitors were represented and have either become involved or voiced an intense desire to take advantage of the program.  Namely, Dynegy, Duke Energy, El Paso Energy, ExxonMobil, and BP Amoco were represented at the banquet.  With the name recognition Enron possess within the city of Houston and the desire it fuels within the hearts of students to become a part of the Enron team, it is unfortunate that we are not as involved as we could be.  Enron is doing a great multitude of excellent things, but I believe we can become better and do more.  If we are truly seeking to become the World's Leading company, we must capitalize off opportunities as such.  The Energy Marketing Institute at the Bauer College of Business will fuel and drive our future by preparing students to enter into the business in which we have made our mark and redefined the standards, Energy Marketing.

	As a UH Alumnus, I want to encourage Enron's relationship development activities with UH.  I truly hope we take advantage of the vast number of talented students U of H is preparing and become more heavily involved building an enduring relationship with this University, outside of just simple recruiting at a Career Fair.  There are numerous opportunities awaiting to be captured at UH, but if we do not realize this, the talent that is eagerly waiting to become a part of the Enron team will go elsewhere. The academic program at U of H is not only what makes it a fine institution, but the fact that U of H possesses a student body that is reflective of Enron itself.  The diversity of the university develops students who are culturally aware, understand the meaning of dedication and commitment (most students work and attend school), and who are fueled by an innovative, entrepreneurial mindset; all of the elements upon which we focus.    We need to take advantage of the access we have to U of H and position ourselves for the future by grasping hold of the students and opportunities at U of H.  Students graduate from the Bauer College of Business well-rounded, prepared to enter any arena of the workplace; from Marketing and Management to Information Technology and Finance, and ready to assume roles as the future executives and leaders of tomorrow.

	If there is anything I can do to assist in strengthening the relationships between Enron and my Alma Mata or demonstrating the importance of this need, please let me know.  I trust these words will not be viewed as offensive or taken lightly, but that they inspire change.  Enron can truly make a profound impact on the campus of the University of Houston, aid in the career advancement of new graduates, receive recognition in the community, and position itself to truly become the World's Leading company.

	I hope I can be a part of the efforts to build the relationship with U of H and make the vision Enron has become a reality.  Thank you and take care.

Respectfully,

Rodney J. Derbigny
Global Technology Track
Enron Energy Operations - IT
713-345-7467


In regards to the billing of Enron related OATI services please complete the following starting February 1st.

Entity EPMIE - Enron Power Marketing, Inc.  PSE Name EPMIEA.
Please change the billing contact from Lloyd Will to Bob Hall (7138536956), the billing address is the same.  Please also reduce the number of accounts from 40 to 10.

Entity MDEA - Mississippi Delta Energy Agency.  PSE Name MDEA.  Please change the billing contact from Lloyd Will to Bob Hall (7138536956), the billing address is the same.
OATI WebOasis tool Please change the billing contact from Lloyd Will to Bob Hall (7138536956), the billing address is the same.  (Used for TVA, Big Rivers, Associated & East Kentucky.)

Entity ENSE - Enron SE .  CA Name ENNA  We no longer have these control areas but require access to the account for final reporting reasons.  Please change the billing contact from Lloyd Will to Bob Hall (7138536956), the billing address is the same.

Please contact me at 713-853-3383 with any coordination or additional details.

Thanks.


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/25/2001 02:12 PM -----

	Stephanie Panus@ENRON
	12/07/2000 11:00 AM

		 To: terrance.ganser@funb.com
		 cc: Clint Freeland/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT
		 Subject: Sample Forward Confirmation

At the request of Clint Freeland (who works with Tim DeSpain), attached is
Enron Corp.'s template for a forward transaction.

Stephanie Panus
Sr. Legal Specialist
Enron North America Corp.
1400 Smith Street, Suite 3806
Houston, Texas 77002


---------------------- Forwarded by Jennifer Cutaia/Corp/Enron on 12/18/2000
01:16 PM ---------------------------

Judy Hernandez@ECT
12/18/2000 01:02 PM
To: suhernan@llgm.com, Jennifer.cutaia@enron.com, Angela Gill/NA/Enron@Enron,
dora_thurmond@uniteddc.com, Maria Sandoval/HOU/ECT@ECT, Amber
Ebow/HOU/ECT@ECT, Julissa Marron/Corp/Enron@ENRON, Crystal Reyna/HOU/EES@EES,
Sandra R McNichols/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT, Mark D
Thorne/HOU/ECT@ECT
cc:

Subject: Re: FW: pass this on....

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/18/2000
12:58 PM ---------------------------

Diane Salcido@ENRON
12/18/2000 12:52 PM
Sent by: Diane Salcido@ENRON
To: Regina Blackshear/Corp/Enron@ENRON, Leticia Flores/NA/Enron@Enron, Judy
Hernandez/HOU/ECT@ECT, Angela Barnett/HOU/ECT@ECT, Leslie Smith/HOU/ECT@ECT,
Brenna Neves/NA/Enron@ENRON, Eve Puckett/Corp/Enron@ENRON, Martineza@hhni.com
cc:
Subject: Re: FW: pass this on....

---------------------- Forwarded by Diane Salcido/Corp/Enron on 12/18/2000
12:44 PM ---------------------------

Esther Celedon-Renovato@EES
12/18/2000 09:27 AM
Sent by: Esther Celedon-Renovato@EES
To: Tobi Johnson/HOU/EES@EES, Kathryn Greer/HOU/EES@EES, Diane
Salcido/Corp/Enron@Enron, Laura Lara/HOU/ECT@ECT, Eric Rodriguez/HOU/EES@EES,
Maria L Martinez/HOU/EES@EES, Esmeralda Hinojosa/HOU/EES@EES, Janie
Matamoros/HOU/EES@EES, Frances T Garcia/HOU/EES@EES, Paulita
Olvera/HOU/ECT@ECT, Yolanda Rivera/HOU/ECT@ECT
cc:

Subject: Re: FW: pass this on....

---------------------- Forwarded by Esther Celedon-Renovato/HOU/EES on
12/18/2000 09:22 AM ---------------------------
From: Kay Chapman@ECT on 12/15/2000 10:30 AM
To: lrhea5@aol.com, Christy Chapman/HOU/ECT@ECT,
bonnie.chapman@mail.oshmans.com, Geraldine Irvine/HOU/ECT@ECT, Rhonna
Palmer/HOU/ECT@ECT, Esther Celedon-Renovato/HOU/EES@EES, Adriana
Celedon/HOU/ECT@ECT, Tina Rode/HOU/ECT@ECT, Lisa Zarsky/HOU/ECT@ECT, Grace
Taylor/Corp/Enron@ENRON
cc:
Subject: Re: FW: pass this on....

	Enron Global Finance

	From:  Betty Tauzier                           12/15/2000 09:17 AM

To: Lois Hendricks/HOU/ECT@ect, Lora Ellis/HOU/ECT@ECT, ktramos@aol.com,
ragsdale@laf.lynden.com, Beverly.Stephens@enron.com, Kay.Chapman@enron.com,
Helen Mathews/EPSC/HOU/ECT@ECT, Evelyn Davis/HOU/EES@EES, Esther
Buckley/HOU/ECT@ECT, Dolores Escamilla/HOU/ECT@ECT
cc:
Subject: FW: pass this on....

---------------------- Forwarded by Betty Tauzier/HOU/ECT on 12/15/2000 09:14
AM ---------------------------

Jessie Mata@ENRON
12/15/2000 08:50 AM
To: Marilyn Rivera/HOU/ECT@ECT, Mary Birmingham/HOU/ECT@ECT, Betty
Tauzier/HOU/ECT@ECT, Lois Hendricks/HOU/ECT@ect, Patricia K
Dechow/HOU/ECT@ECT, Angela Nieves/NA/Enron@Enron, Reginald
Hart/NA/Enron@Enron, Nera Swisher/HOU/ECT@ECT, Paul Garcia/HOU/ECT@ECT,
Dolores Escamilla/HOU/ECT@ECT
cc:
Subject: FW: pass this on....

---------------------- Forwarded by Jessie Mata/Corp/Enron on 12/15/2000
08:49 AM ---------------------------

cafeoe@tdusa.com on 12/15/2000 07:16:33 AM
To: mgelon@coair.com
cc:

Subject: FW: pass this on....

 Remembering Jesus is the Reason for the Season

 - jesus.JPG


Thanks

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 02/24/2000
03:19 PM ---------------------------

Elizabeth Sager
02/24/2000 02:36 PM
To: James B Fallon/HOU/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON,
Cynthia Sandherr/Corp/Enron@ENRON
cc: Kevin M Presto/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Bill
Rust/HOU/ECT@ECT
Subject: Draft of EPMI Response Letter to TVA

At the request of Christi, enclosed please find a revised draft of EPMI's
response to TVA's recent  letter concerning  EPMI's transmission requests.
This letter has been revised from the earlier draft to reflect comments from
Kevin and me.  I will call Bill Rust and read the letter to him after all
revisions have been made.  Please let me know if you have any comments.  We
would like to get the letter out to TVA as soon as possible, preferably this
afternoon if possible

Thanks
Elizabeth
36349


Notice No. 00-322
September 11, 2000

TO:
ALL NYMEX MEMBERS
ALL NYMEX MEMBER FIRMS
ALL NYMEX CLEARING MEMBERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: Introduction of the Mid-Columbia Electricity Futures Contract.

The New York Mercantile Exchange will begin trading the Mid-Columbia
Electricity Futures contract at 4 PM on September 14, which marks the start
of the September 15 electronic trading session on NYMEX ACCESS.

This contract will be traded electronically along with the other Exchange
electricity contracts on the system, with the session beginning at 7 PM on
Sundays and 4 PM on Mondays through Thursdays and ending at 2:30 PM Mondays
through Fridays.

Other than delivery location, the contract will reflect the terms of the
Exchange,s California/Oregon border and Palo Verde electricity futures
contracts including a unit size of 432 megawatt hours (Mwh) of firm
electricity, delivered at a rate of one megawatt per hour, with the size of
the actual delivery varying according to the number of on-peak days during
the delivery month.  The first contract month will be November.  (Initial
Margins for Mid-Columbia are listed in Notice to Members No. 00-316 attached.)

The Exchange will list 11 months beginning with November 2000 through
September 2001.

The Mid-Columbia Electricity Futures contract will use KM as the outright
commodity code and SE for the strip code.

Physical delivery may take place at any of the switchyards associated with
the following four hydro-projects:  Rocky Reach, Rock Island, Wanapum and
Priest Rapids.  These switchyards include:  Rocky Reach, Rock Island,
Wanapum, McKenzie, Valhalla, Columbia, Midway and Vantage.

The contract terms and conditions match those of the Exchange,s Western
contracts at Palo Verde and the California Oregon Border.

Delivery Period:
16 on-peak hours: hour ending 0700 (6 AM)
Pacific time to hour ending 2200 (10 PM)
Pacific time on each business day of the delivery month.

Termination of  Trading:
Trading in the delivery month shall cease on the fourth Business day prior to
the first day of the delivery month.

Prices and Fluctuations
Prices shall be quoted in dollars and cents per Mwh.
The minimum price fluctuation will be $.01 per Mwh.
There is no maximum daily price fluctuation.

For questions concerning this Notice please contact Brad Leach, Research
Department (212) 299-2609 or Elizabeth Kuhlenkamp, Research Department (212)
299-2597.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-322)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


---------------------- Forwarded by Marie Heard/HOU/ECT on 11/03/99 03:45 PM
---------------------------

Bennett Kaufman
11/03/99 09:13 AM
To: Marie Heard/HOU/ECT@ECT
cc:
Subject: Re: GAIL GDR

---------------------- Forwarded by Bennett Kaufman/HOU/ECT on 11/03/99 09:13
AM ---------------------------

Mary Perkins
10/27/99 10:12 AM
To: Bennett Kaufman/HOU/ECT@ECT
cc: Rahul Basu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lauren
Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Kinneman/HOU/ECT@ECT
Subject: Re: GAIL GDR

Bennett,
At the bottom of the message is the name and address for the entity that will
be used to buy the GAIL shares we discussed.   Please let us know if there is
any other info you need to set up the settlement and custody accounts we will
need.
You can contact me or Lauren Hagerty in legal.
Thanks
---------------------- Forwarded by Mary Perkins/HOU/ECT on 10/27/99 10:10 AM
---------------------------

Rahul Basu@ENRON_DEVELOPMENT
10/27/99 03:45 AM
To: Lauren Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Perkins@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: GAIL GDR

Thanks Lauren, this was really quick.

Mary, it would be useful if you could fill out the Jardine form and send it
to us.

We want to send the filled up form and the Officer Certifiacte from Wade only
when we give in our bid to Jardine.

Rahul

Lauren Hagerty
10/27/99 01:02 PM
To: Raj Thapar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rahul
Basu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Perkins@ECT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: GAIL GDR

The Cayman Islands entity to own the GDR has been set up.  It's name is Enron
India GDR Holding Ltd.  It is owned by Enron Oil & Gas India Ltd.  You may
use 333 Clay Street, 19th Floor, Houston, Texas as a general business
address.  There is no need to send things to the Cayman Islands.


This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
Your mailbox size is currently 112421 KB.

Mailbox size limits:

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 click Tools | Options | Journaling Options and de-select all items.

See client Help for more information.


-----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Monday, January 07, 2002 1:44 PM
Subject:	Market Area IT Availability - January 9, 2002

January 7, 2002

To:	Transcontinental Gas Pipe Line Corporation Customers
	and Shippers

Re:	Market Area IT Availability - January 9, 2002

The available interruptible transportation service (IT and
secondary FT) on Transco for pipeline day Wednesday, January
9, 2002 and continuing until further notice is summarized
as follows:

Tier I and Tier II (only Sta. 90 through
Sta. 180 affected)				100	MDt/day

South Virginia Lateral Compressor Station 167	144 	MDt/day

Tier III (Station 180 through East)		0   	MDt/day

Leidy at Centerville Regulator Station
(Only deliveries downstream of Centerville
regulator affected)				OPEN 	MDt/day

Leidy at Station 520 (Only deliveries		OPEN    MDt/day
Downstream (east) of Station 520 affected)

Linden Regulator Station
(Located in Union County, New Jersey)		50 	MDt/day

Mobile Bay Lateral			   	162 	MDt/day

The above available interruptible transportation service
refers to deliveries into the affected area that have
receipts upstream of the bottleneck or affected area.

If you have any questions, please call John McGrath at (713)
215-2514 or Donna C. Long at (713) 215-4061.

J. E. McGrath
Manager
Operations Planning


Randy,

Attached is a clean version and a redlined version of the above-referenced
document which incorporates the changes that we discussed with the exception
of the end of Section 4.2, Section 4.5 and Section 4.6.  That language was
added based on what our credit department wants.  Please review and call me
with any comments (713) 853-5705.

Thanks,

Stacy


Attached is the Additional list of GCP sign-offs on Clickpaper approval for
10-17-00

P.S. Counterparty is set up in GCP as "Bloch Lumber Company". Per
counterparty Credit dept., D&B, and CP website, that is the correct name.

From: Karen Lambert@ECT on 10/17/2000 02:31 PM
To: Adnan Patel/Corp/Enron@ENRON, Samuel Schott/HOU/ECT@ECT
cc: Mary G Gosnell/HOU/ECT@ECT
Subject: Bloch Lumber amendmeny

---------------------- Forwarded by Karen Lambert/HOU/ECT on 10/17/2000 02:30
PM ---------------------------

Walter Guidroz@ENRON
10/17/2000 12:17 PM
To: Camille Gerard/Corp/Enron@ENRON, Tana Jones/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
cc:
Subject: Bloch Lumber amendmeny

Attached is an amendment to open Block Lumber Company, Inc. to trade both
financial and physical.  The original had them trading only within physical.
Please call if you have any questions.  Thanks.

Walter


September 1, 2000

Teco Tap       35..000 / Enron ; 96.250 / HPL IFERC

LS HPL LSK IC       15.000 / Enron

September 2, 2000

Teco Tap       25.000/ Enron; 88.750 / HPL IFERC

LS HPL LSK IC       25.000/ Enron

September 3, 2000

Teco Tap       25.000/ Enron; 88.750 / HPL IFERC

LS HPL LSK IC       25.000 / Enron

September 4, 2000

Teco Tap       25.000 / Enron ; 83.333 / HPL IFERC

LS HPL LSK IC       25.000/ Enron


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-14-02.pdf


I forgot Bank of America:  Hugh L. McColl, Jr., Chairman and CEO


Marie--

I will get all of the copies pulled for you.  Also, I would like to have it reciprocated (so can I have a draft so that I can forward to ONEOK?).

Thanks--Veronica

 -----Original Message-----
From: 	Heard, Marie
Sent:	Friday, September 07, 2001 5:10 PM
To:	Espinoza, Veronica
Subject:	RE: ONEOK Gty

Veronica:

There shouldn't be a legal reason why we can't do this, however, we will need copies of all the Enron Corp. guaranties (and any amendments thereto), together with details of all contracts that will be covered.  Also, has Oneok Energy Marketing and Trading Company, L.P. provided any incoming guaranties and, if so, do we want to consolidate those?

Marie

 -----Original Message-----
From: 	Espinoza, Veronica
Sent:	Friday, September 07, 2001 3:21 PM
To:	Bailey, Susan; Boyd, Samantha; Heard, Marie; Panus, Stephanie
Subject:	ONEOK Gty

Legal Team--

ONEOK Energy Marketing and Trading Company, L.P. would like to replace the current Gty's that Enron has issued to them and receive one overall gty to cover the financial and physical business with ENA, ECC, ENA Upstream Company, LLC, EPMI, EES and EGLI.  This would include the trading executed under the ISDA, GISB, and GTC's.  In executing this new gty, we would simultaneously cancel the existing outgoing Gty's that we have out to them already.  The cap amount on this new Gty would be $75MM.

Can you please advise whether this is acceptable or not so that I can tell the counterparty--we're currently avoiding posting cash on a Margin call as ONEOK will accept a higher Gty amount to cover their exposure.

Thanks,

Veronica


I tried to get you access yesterday, there are three Angela Davis's in the
System, what's your email address?

	Angela Davis@ENRON
	02/28/2001 06:59 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: My data base connection

How's that going?  I have a bunch of swaps for structured deals which should
be entered but I can not do so until I have access.

Angela D. Davis
Enron North America Corp.
1400 Smith, Suite 3842
Houston, Texas 77002
Tele. (713) 345-8347
Fax:  (713) 646-3393
e-mail:  angela.davis@enron.com


Thanks Vince.  I think the right person is Anoush Farhangi.

JH

John Henderson

----- Forwarded by John Henderson/HOU/NewPower on 03/19/2001 10:32 AM -----

	Vince J Kaminski@ECT
	03/19/2001 08:12 AM

		 To: John Henderson/HOU/EES@EES, Pinnamaneni Krishnarao/HOU/ECT@ECT
		 cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
		 Subject: RTP project

John and Krishna,

I am sending you an outline of a conference at Stanford on topics related to
demand-side pricing and management in the power markets.

Please, let me know if you are personally interested and who else
in your respective  organizations would like to attend.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
08:10 AM ---------------------------

Hill Huntington <hillh@stanford.edu> on 03/15/2001 05:26:55 PM
To: vkamins@enron.com
cc:
Subject: RTP project

Vince,

Targetted conference date is Th-F June 21-22 at Stanford.  Enclosed in the
recent revision to what I sent before.

Great to meet you,
Hill

 - retail notes.rtf
*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets Voice:  (650) 723-1050
408 Terman Center    Fax:    (650) 725-5362
Stanford University   Email:  hillh@stanford.edu
Stanford, CA  94305-4026

EMF Website: http://www.stanford.edu/group/EMF/


He started to cry last night when you said you were not going to sign him
up.  I think we can.  Starting Sep 1, I will not be running a book.  I will
be able to leave at a decent hour on scheduled days.  So I will be able to
help.  Let me know what you think.

DG

"KRISTI GIRON" <KRISTI.GIRON@cfisd.net> on 08/23/2000 01:40:40 PM
To: <Darron.C.Giron@enron.com>
cc:
Subject: Re: I love you. Hope you had a good flight. Call me.

LET'S TALK ABOUT BASEBALL FOR CHRISTOPHER.  I'M REALLY GOING TO NEED YOUR
HELP.  THINK WE CAN DO IT?

>>> <Darron.C.Giron@enron.com> 08/23/00 12:55PM >>>

I'm in the office.  You need to look a a calendar to see when you can come
up here.  Hopefully for a weekend the Cubs are in town.  I love you.

DG


Attached is the trade count for Nov 28, 2000 sorted by Country, Commodity and
Category.
If you have any questions call me at 3-6460
Regards
jr


Really? I'd feel like a mooch. Lets have lunch next week. Any day but Monday
or Thurs.


can i have it


now this is funny stuff....
---------------------- Forwarded by Raul Rizo-Patron/HOU/ECT on 11/13/2000
03:31 PM ---------------------------

	From:  Russell T Kelley                           11/13/2000 03:28 PM

To: Raul Rizo-Patron/HOU/ECT@ECT
cc:
Subject: Protesters

---------------------- Forwarded by Russell T Kelley/HOU/ECT on 11/13/2000
03:23 PM ---------------------------

Mark Wadlington@ENRON
11/13/2000 03:22 PM
To: Jeff Donahue/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT@ECT, Russell T
Kelley/HOU/ECT@ECT, Susan Fallon/Corp/Enron@ENRON
cc:
Subject: Protesters

I normally don't forward this type of stuff but I just though some of the
signs were hysterical.

mark

---------------------- Forwarded by Mark Wadlington/NA/Enron on 11/13/2000
02:20 PM ---------------------------

marissa.reger@ey.com on 11/13/2000 03:08:22 PM
To: sharon.ellington@us.pwcglobal.com, EmilyNewell@yahoo.com,
mranguette@hotmail.com, regermc@mindspring.com, connies@wt.net,
Shelley_Schneider@hotmail.com, ebwaustex@aol.com, Mark.Wadlington@enron.com,
Tamara.Turek@ey.com
cc:

Subject: Protesters

Some of these are pretty funny.

(See attached file: dummies.gif)
(See attached file: protest1.jpg)
(See attached file: protest2.jpg)
(See attached file: protest3.jpg)
(See attached file: protest4.jpg)
(See attached file: protest6.jpg)

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

Note:          The information contained in this message may be privileged
and confidential and protected from disclosure.  If the reader of this
message is not the intended recipient, or an employee or agent responsible
for delivering this 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 by replying to the
message and deleting it from your computer.  Thank you.  Ernst & Young LLP
******************************************************************************
*
 - dummies.gif
 - protest1.jpg
 - protest2.jpg
 - protest3.jpg
 - protest4.jpg
 - protest6.jpg


Since the case asked us to evaluate this from Munro's point of view, it is
his
job to examine the potential the deals in the best interest of Time's
shareholders.  Therefore, in my opinion we will have to incorporate the
after-tax value to the Time shareholder as one piece of the puzzle.  The
difficulty with the tax implications to the shareholder is that we do not
know
the average shareholder's cost basis.  It should just be a mention in our
memo.

As I mention in a previous e-mail, there is no tax implication to the
corporation except for the leverage and tax shield.  Unless we completely
recreate the DCF I don't think we can accurately quantify the tax shield
advantage especially since we don't know how the additional leverage will
alter
the WACC, i.e. what is the optimal WACC of the combined company.  Another
complication is the difficulty in recreating the DCF is the timing and tax
implications of the asset sales which we know to be around $3.5 billion.

Our professor doesn't seem to require any advanced calculations.  We are
probably all right with some approximations.
**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    Re: Time Warner
Author: "Dylan Windham" <SMTP:dwindham@uclink4.berkeley.edu>
Date:       04/29/2001 12:29 AM

Jeff:

I have been looking at your numbers and I have a few questions.

1).     If we look at this from the stand point of the Time shareholder's,
we do not really need to worry about the make-up of Time-Paramount after
the merger.  Since this is an all cash deal, the purchase price will be
given to Time's shareholders.  This amount needs to be above the DCF of the
Time-Warner deal for us to suggest it.

2).     As for the taxes maybe Mark can shed some light on the
issue.  During the acquisition phase the only taxes that will be paid will
be the capital gains paid by Time Shareholders.  Paramount will not pay
taxes on the purchase.  Paramount's tax position will improve due to the
increased debt payments.  Looking at it from Time shareholder's we really
don't care do we?  Maybe I am wrong.

Otherwise everything looked good.  I like the common sized balance
sheet.  I should be home all day tomorrow.  Call me at 925-362-0210 and let
me know how I can pitch in.

Dylan

At 08:55 PM 4/28/01 -0500, Jeff.Dasovich@enron.com wrote:

>OK Gang:
>
>Well, I've been crunching numbers all day, and haven't yet gotten to the
>writing.  I've attached Dylan's original responses for reference.  Figure
>it'll be a memo from Time's CEO to the Time Board.
>
>I've leaving now for Mendocino, but will be back early tomorrow to finish
>this up.  Please check out the spreadsheet.
>
>The case is sort of confusing?how do Time's analysts value Time at
>$189-212, when they're trading at 109 the day before the announcement of
>the deal with Warner.  That doesn't jive.  Are they saying that, absent
>synergies, the combined Time/Warner is worth the enterprise value of Time
>at 189-212 plus the enterprise value of Warner at $63-71 (again, the
>analysts valuation)?  That just seems ridiculous, give where they're
>trading.
>
>Anyway, here's where my analysis is heading----tell me if I'm smoking
>crack.
>
>The deal isn't really $175 per share.  It's $175 LESS the taxes that will
>have to paid (since it's a purchase deal) PLUS the value of the tax shield
>created by the net increase of $8.9B in new debt that Paramount will take
>on.  Does this seem right?  Could folks look at my spreadsheet?  I've got
>it conceptually set up, but I'm not quite sure how to calculate the taxes
>paid under the purchase method or the value of the tax shield (assuming
>that this is correct.  If I'm just completely out of it with this angle,
>just let me know.  In any case, seems that there's some value in the
>tax-free (Time-Warner) versus the taxable (Time-Paramount) deals.
>Presumably, we could take the total enterprise value of Time-Warner
>(nontaxed) and compared it to the total enterprise of Paramount-Time
>(taxed) and compare the two.  I've got a hunch that the Time-Warner number
>may win the day, but I haven't gotten that far in the crunching yet.
>
>In any case, I'll be back around Noon tomorrow and will crank the puppy
>out.
>
>Best,
>Jeff
>
>(See attached file: Timewar_Jeff Calculations.xls)(See attached file:
>TimeWarner.doc)


As promised -

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/17/2001 07:16 PM -----

	Mary Cook
	01/16/2001 08:45 AM

		 To: Brenda L Funk/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT,
Angela Davis/NA/Enron@Enron
		 cc: Laurel Adams/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON
		 Subject: Re: Swaps in Structured Finance Transactions:  The Trading
Confirmation Desks

Brenda, for future transactions wherein swaps are involved, please see that
extra copies of executed swaps are made at closing so that copies may be
immediately distributed to the applicable confirmation desks.  Since this
aspect of the structured finance transactions include "trading" transactions,
the confirmation desks need the paperwork immediately for their reference and
audit trails and to avoid confusion with deal tickets etc.  Please forward
this memo to the other paralegals and attorneys in your group.  For your
reference, at this time the distribution of executed copies should be
provided as follows depending upon the nature of the swaps:

Laurel Adams:  Interest Rate Swaps

Larry Joe Hunter and Bob Bowen:  Gas Commodity Swaps

Derek Bailey:  Crude Oil Swaps

Melissa Murphy:  Power Swaps

Dianne Seib:  Canada Swaps

Swap Trading Attorney:  as applicable to the attorney who assisted

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

	Brenda L Funk
	01/16/2001 07:58 AM

		 To: Mary Cook/HOU/ECT@ECT
		 cc: Laurel Adams/HOU/ECT@ECT
		 Subject: Re: Brazos

Mary,

We do not yet have execution copies of the documents.  I am expecting them
this week.  I will send copies of the swaps as soon as I receive them.

Thanks,
Brenda Funk
(713) 853-6950
(713) 853-9252 (fax)

	Mary Cook
	01/11/2001 01:43 PM

		 To: Laurel Adams/HOU/ECT@ECT
		 cc: Brenda L Funk/HOU/ECT@ECT
		 Subject: Re: Brazos

As to the initial closing into the Brazos partnership of Preston 1 and
Crescendo, legal drafted the interest rate swaps.

Brenda, may Laurel and I get executed copies of the interest rate swaps, and
I need the rest of the swap docs too, as well as copies to Larry Joe Hunter,
all as previously requested.  Mary

Laurel, I do not have executed versions.  I did draft the swaps and they were
signed at closing, but Global Finance Legal is in charge of distribution of
executed docs.  To the extent it is helpful here are the final versions that
I sent to closing.  If I can be of further help, please call.

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

	Laurel Adams
	01/11/2001 12:12 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Brazos

Mary,

It was my understanding (from Tim Proffitt) that the legal department drafted
all of the documents related to Brazos.  Does this include the interest rate
swaps?  Originally you had sent me to Brenda Funk to get copies of the
confirms for my records, but I have not heard anything from her at all.
Could you please forward to me a copy of the documents, even if it has only
been signed off on by one party?  I would like to review them and send them
on to our file room.

IF LEGAL HAS NOT DRAFTED THE INTEREST RATE SWAP CONFIRMS, PLEASE LET ME KNOW
RIGHT AWAY, SO THAT I CAN PREPARE THESE DOCUMENTS!!

Thank you.


Although I love you, that's not appropriate for any 3 way sleeves.  EFS should be billed normally.

 -----Original Message-----
From: 	"Zerilli, Frank" <fzerilli@POWERMERCHANTS.COM>@ENRON
Sent:	Thursday, November 29, 2001 2:28 PM
To:	Arnold, John
Subject:

Along the lines of our conversation a few weeks back...we don't want to take advantage of the situation Enron is in.  By default you were billed on the sell side of each transaction.  If that is not appropriate please let me know and we will zero out the commission.

Yourlonely Brokers,

Frank & Rick


Becky,

We proably need to meet for a few minutes to explain the way
I estimated charges.

Vince

Becky Pham
01/16/2001 01:47 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Allocation schedule

Shirley,

Will you check with Vince on the support schedule for me?  I need to get the
support to the BUs in order to get them to agree on the 2001 billing.  If you
have any questions, call me.  Thanx.
---------------------- Forwarded by Becky Pham/HOU/ECT on 01/16/2001 01:49 PM
---------------------------

Becky Pham
01/02/2001 11:12 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Allocation schedule

We spoke prior to the holiday and you were working on a list on support names
and projects that Research is working on for various BUs.  Can you tell me
how you are doing on that?  Sarah Brown, my manager, had a meeting with Corp
and they are disputing the billing we are proposing to bill to them ($1.9M).
Their argument is that they are going to bill ENA back anyway; therefore,
they have agreed to take 40% of the amount we intented to bill them in 2001,
which is approximately $760K.  If you have any questions, please call.  Thanx.


I see no downside to calling the question on California ISO Governance.  The
CAISO staff was ready to move forward on a proposal that was not too
inconsistent with the DStar and RTO West.  As a result, there was a good
chance that seams issues could be addressed before the other two RTOs start
up.  At  yesterday's Western Seams Task Force meeting, the California rep had
to make it clear that everything was on hold until the new political (my
words not his) board was educated.  In addition, the Governor has hired his
own consultants.  It was the California's understanding that the legislation
passed limits the ability of the CA-ISO to agree to any seams solutions
unless endorsed by California State Government.  The current situation seems
to guarantee a stalemate and put an enormous drag on all RTO development in
the West.  It won't get any better if we wait.  It would be better to
challenge now, before this new board starts making decisions based on
political expediency.

	Susan J Mara@ENRON
	02/05/2001 10:11 AM

		 To: Richard Shapiro/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Mary Hain/HOU/ECT@ECT,
Sandra McCubbin/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT
		 Subject: Re: Cal ISO Not Filing CM Proposal at FERC - EPMI Response?

We can certainly launch if we like, but I believe that WPTF is planning to do
it as well.  We can let them (I's try to force them to use Bracewell, but
can't guarantee I'd win) or do our own and have them join with us.  Either
way, you know me, let's go for it!!

	Richard Shapiro
	02/05/2001 06:47 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT,
Steve Walton/HOU/ECT@ECT, Sandra McCubbin/NA/Enron@Enron
		 Subject: Re: Cal ISO Not Filing CM Proposal at FERC - EPMI Response?

I say we launch on ISO governance soon, preferably through EPSA, but alone if
necessary. We need to force FERC's hand with a well-thought out pleading on
why they have to enforce order on independent governance and why a
politicized CAL ISO is a recipe for disaster. Are we waiting on anything I'm
not aware of?

From: James D Steffes on 02/01/2001 04:59 PM
To: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Susan J
Mara/NA/Enron, Jeff Dasovich/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve
Walton/HOU/ECT@ECT, Sandra McCubbin/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron

Subject: Cal ISO Not Filing CM Proposal at FERC - EPMI Response?

Mary informs me that the Cal ISO has filed (1-30-01) with FERC that it will
not be filing a new Congestion Management proposal at FERC as required in
previous Orders.

She thinks now is an opportune time to challenge the legitimacy of the new
Cal ISO Board (Gov Davis' actions).   I also think that we need to put
forward our own solution (if we have one).

I would appreciate everyone's opinion as to the (a) likelihood that FERC
would finally address the matter, (b) end result if FERC does deal with the
issue, (c) and the politics in Sacramento / CPUC of taking this position.
Also, who else is going to weigh in on our proposal?

Jim


TO  HIRING MANAGERS AND ASSISTANTS,      (Please forward to anyone not
included.)

New! Staffing Requisition Form:

With the implementation of SAP, this form is now the critical key factor to
(1) get your new employee paid, (2) charge to the appropriate dept., (3)
create the necessary "position" for the employee in SAP, and (4) post your
opening to Web sites.
To Expedite The Hiring Process,  please complete the attached form to request
staff:  Additions, Replacements, Transfers, Contractors/Temporaries, and
Part-Time Personnel. (RED sections only)
Return this form via e-mail.

New! Candidate Interview Form:

We recognize the need to schedule candidate interviews as promptly as
possible.
To Expedite The Interviewing Process,  please complete the attached form when
requesting a candidate to be interviewed. (RED sections only)
Return this form via e-mail with the resume.   If you only have a hardcopy of
the resume, please send this form and resume to me at EB-3658B.

Employee Referral Policy & Form:

To provide incentives for current domestic employees of Enron Corp. and it's
subsidiaries referring applicants who are hired for regular full-time U.S.
payroll-based positions within Enron. ($1,000 for non-exempt & $2,000 for
exempt)
Return this form via e-mail with the resume.   If you only have a hardcopy of
the resume, please send this form and resume to me at EB-3658B.

If you have any questions or need assistance with your new SAP data
requested,  please let me know.

Thank you in advance for your cooperation,
Toni Graham
Staffing Consultant
ENA Commercial Support
x39995