Krishna,

Any interest?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2000
08:45 AM ---------------------------

Robert Brooks <rebrooks@earthlink.net> on 04/18/2000 02:40:15 PM
Please respond to "rebrooks@rbac.com" <rebrooks@rbac.com>
To: "'GPCM Distribution'" <rebrooks@rbac.com>
cc: "Michael Farina (E-mail)" <mfarina@resdata.com>
Subject: RDI Conference - May 17-19, 2000

Hi,
I'd like to make a personal invitation to you to attend RDI's annual user
conference at Torrey Pines in La Jolla, just north of San Diego.  We are
planning two sessions for GPCM users (and prospective users) which I think
you will find very interesting and useful.  Plus we are also going to
schedule individual sessions for those that would like them, as was quite
successful last year.  The details are included in the attached Word file
below.  I've also included the program in pdf format.  The last page is a
signup form you can fill out and fax in to RDI if you haven't already done
so.
Please let me and Mike know how many are coming from your team.  You can
reply to this e-mail to let us know.
Looking forward to seeing you there.
I think it's going to be fun.
Bob Brooks
Mike Farina

 - RDI_conference_GPCM_breakout.doc
 - RDI User Conf.pdf


Today's Washington Post contains a favorable comment on negawatts attributed
to House Energy & Commerce Committee Chairman Tauzin, following efforts we
made yesterday with the Chairman and his staff, both directly and via our
consultants.  The Post article reads, "In the coming months, Tauzin said,
Congress will take steps to allow consumers to sell power back to their local
energy grids."  We, of course, will continue to push for a version of this
concept that keeps this process open to multiple buyers and sellers, not just
the local utility.  The article dovetails with information directly from
Chairman Tauzin and Chairman Barton that they will continue to push our
demand buydown proposal, although we are working with them to shore up
support on the committee in the face of opposition from the usual suspects.


the second reader was handed out a few weeks ago - since you both don't have
it, it must have been distributed at the first quiz.

the cases cover pages 31 - 81 of the new reader - too much to fax I think
- cv

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Wednesday, March 14, 2001 10:26 AM
To: Vavrek, Carolyn (US - San Francisco)
Subject: RE: More Nagging About the Project

thanks.  did she hand out the second reader last thursday?
- This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  -
If you are not the intended recipient, you should delete this message and
are hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.


Phil Innes 713-986-3711


Here is the confirm template (used when an ISDA Master is in place)

This is the index language for EnronOnline.  We would use something similar
for the offline confirms.


The scary thing about those old goats being too blind to vote is that they're
still driving!

	Jon Chapman
	11/10/2000 03:39 AM

		 To: Peter Keohane/CAL/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT
		 Subject: Re: The Stae of a Nation

Yeh , the amazing thing about having a tied Bush/Gore election ( I think
that's called Hobson's choice) , with one geriatric resort in Florida
probably deciding which way it finally goes , is that it has actually made me
think (1) that our dear old UK electoral system isn't so bad and (2) that
Phony Blair could be a lot worse!!

Jon

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Peter Keohane                           09/11/2000 22:37

To: Tana Jones/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT
cc: Jon Chapman/LON/ECT@ECT

Subject: The Stae of a Nation

Congratulations.  It is now official.  The media and trial lawyers officially
govern the United Staes of America.  (I suppose it could be worse.  You could
live in the Peoples Republic of Canada, or have some appendage to an armbag
running the show.)


BUSINESS HIGHLIGHTS

Weather Risk Management
Next week, Jeff Shankman and Mark Tawney will be attending the Weather Risk
Management Association (WRMA) conference in Tokyo. There has been
a lot of interest in Japanese weather derivatives to-date.  Even though Japan
is geographically a relatively small country, due to elevation differences,
there are several different climates and within each of those areas, there,s
a significant amount of volatility in day-to-day and season-to-season
weather. By leveraging EnronOnline and our global portfolio approach, Enron
Global Markets will be the dominant weather market player in Japan, as we are
in
the US, Australia and Europe.

COMING SOON - New EWS Training Web Site
Ernie is retiring and there is a new tool to help you manage your
professional development. It,s called InvestInMe.enron.com and it is the key
to your future. In a
user-friendly format, you will find the current listing of internal programs,
access to a database of external programs, and registration for on-line
courses.
Watch for details in your email.  Launch date is Tuesday, March 6, 2001.

IN THE NEWS

Analyst Robert C. Ollech, vice president and portfolio manager at Ziegler
Investment Services Group, says Wall Street will like Enron even more as
demand for natural gas increases, volume continues to grow on its online
marketplace and as the company's broadband business starts making money.
Enron, which has beat analysts' estimates in five of the past seven quarters,
is not a cheap stock. But Ollech says its relatively young management team is
focused on maximizing systems and business lines it has spent five years
developing. Plus, the company is selling such assets as a power plant in
Oregon, moves Ollech says could boost its return on equity to 18% or higher
from the present 12%. "This is an innovative story that's finally getting
out," Ollech says. 02/25/2001  The Milwaukee Journal Sentinel.

WELCOME
New Hires
ENA ) Angelic Davis, Dipak Agarwalla, Sean Maki, Juliann Kemp, Bridget Fraser
EIM ) Louis Amo
Transfers
EGM ) Patrick Conner
EIM ) Douglas Seaworth
ENA ) Eric Feitler, Santiago Garcia, Philip Polsky, Lauren Schlesinger

NUGGETS & NOTES

&If you,re not trading EOL, you,re not trading.8 ) John L. Wilson, Vice
President/EGM

&Training(.all the cool kids are doing it!8 ) Tom Wilbeck/ENA

Congratulations to Michelle and David Vitrella, manager of trading/EGM.  They
are the proud parents of a baby girl born February 27 weighing
over 9 lbs.

NEWS FROM THE GLOBAL FLASH

International
World Watch
Compiled by David I. Oyama
Enron Seeks Deals for Japanese Assets
The Japanese unit of U.S. power producer and trader Enron is considering
asset swaps with Japanese power companies, in a deal that would make Enron
the first
foreign company to buy a Japanese power plant. An Enron Japan official said
it is talking to power companies and "owners of power generators in Japan
about
the possibility of asset exchanges," confirming a report in the Japanese
business daily Nihon Keizai Shimbun. The report also said Enron Japan may
enter deals
with Japanese companies for joint power-generation acquisitions abroad.
Japanese deregulation measures have opened the door to new foreign and
domestic
competitors in an industry dominated for years by 10 regional Japanese firms.
Enron Japan was established last May, two months after deregulation measures
were passed allowing nonutility companies to begin supplying power to large
commercial users such as shopping centers and office towers.
03/01/2001  The Wall Street Journal  (Copyright (c) 2001, Dow Jones &
Company, Inc.)

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


Attached is the list compiled by Marathon of "influentials" in each of our
priority legislative districts (this week, we're only focusing on Burton,
Bowen, Hertzberg, Keeley and Cox).  Please review the list and let me know
ASAP if you know anyone on the list and would be willing to make calls.
Thanks. kd

 - List of targeted legislators April 2 2001.xls


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/29/2000
05:35 PM ---------------------------

Energy Institute <energyinstitute@UH.EDU> on 09/29/2000 05:31:47 PM
To: energyinstitute@UH.EDU
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: Econ 1 Conference Invitation

 - att1.htm
 - DERWorkshopProgram.doc


you will have an allowance that i will monitor closely.


FYI.  Commonwealth Energy is adding a new meter to their existing contract.
The meter number is not know at this time.  The well name is Goodwin and is
located in Barbour County, West Virginia.  This meter will be behind the
Bridgeport Agg point and is expected to do about 15 dths a day.

Thanks,
Heidi


Attached you will find a list of OU alumni from the GIS system.  Please look
it over and let me know if there are any alumni that you feel should be added
to our OU team.  The information in this spreadsheet is taken directly from
GIS, so it should be fairly accurate and complete.

Please let me know if you have any suggestions.

Thank you for your help.

Have a great day!

Lexi
3-4585


I think he will absolutely love it.  Our wedding is at 4, but we can bring
him over earlier if that helps with the museum trip.

"Brashear, Charlotte" <cbrashear@velaw.com> on 03/15/2001 10:05:00 AM
To: "Mann Kay (E-mail)" <kmann@enron.com>
cc:

Subject: Sunday

   I hope you don't change your mind about going to the wedding Sunday.
I plan on taking Michael to the new Star Wars exhibit at the Museum of Fine
Arts.  They showed some kids on TV, and they were quite taken with it.
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Stinson, I had a discussion with Jim and he said that the company's name is
Mill three. They provide modeling tools for Tiered QoS and the like for
network planning.  He said that the code is written in C and that we should
be able to work with it. He will get us the contact name and we can get a
presentation for us.  Jim said that he arranged for this before he met me and
learned of our (EBS Research) role in this matter. I made it clear to Jim
that John Griebling had asked us to set up this group to do modeling and that
we are in the process of arranging for 4 OR modeling experts to reside in
Houston. From now on Jim and I will work hand and hand on such issues along
with you to make sure that we initiate development efforts as soon as
possible to utilize Krishna, Samer and Co. asap...

I'll take care of arranging a meeting with these consultatants ASAP.

My involvement in Hamachi is through Jim Irvine. Jim and I are working very
well together due to our engineering background. Jim has been a network
(communications) engineer in the army for about 20 years.  For Hamachi, there
were gap analysis that needed to be done w.r.t. network reach and when and
where the network will be available (EBS' and Hamachi's). Additionally, we
would look at when Tom Gros wanted pooling points up and running, we would
then look at Hamachi's pooling point sites and come up with requests to
change dates or third party involvements.

For the most part, our efforts has been to interview Hamachi network
developers about their plans and put the data together in a manner that we
can summarize for John. Additionally, we've had two meetings with Sycamore
(they have offices in Denver) on their products and Brett gave a presentation
on his effort to Jim, etc.... More details later when we meet.

Ravi.

	Stinson Gibner@ECT
	03/02/00 08:52 AM

		 To: Ravi Thuraisingham/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc:
		 Subject: Network planning
Ravi:

I was told by John Bloomer that there is a group of consultants in the
Portland office from a company called (I think)  M3i.   They are doing
network consumption and operations modelling.    Jim Irvine or Shawna Meyer
were given as Enron contacts on this project.   We need to find out what
exactly this group is doing and see if we should get Samer and either you or
me to go, find out the details, and get a brain dump of what they have
accomplished to see if it can be used in our modelling efforts.

Can you find out what Jim knows about this project and get back to me?

thanks,

--Stinson

PS   How is hamachi going, and what has been your role there?


Have you been able to get ahold of them for problems in the past week?  They
were really bad, and I complained, I want to know if they have gotten better
before I start sicking traders on them.

c


BREAKING NEWS from CNN.com

-- U.S. Attorney General John Ashcoft to announce details of new terrorist threat at 5:30 p.m. EST news conference.

Watch CNN or log on to http://CNN.com /AOL Keyword: CNN for the latest news.
**********************************************************************
For in-depth analysis of the week's news, read TIME Magazine.
To get 4 free trial issues, go to www.time.com/cnn
**********************************************************************
To unsubscribe from CNN.com's Breaking News E-Mail Alert, log on to:
http://cnn.com/EMAIL/breakingnews.html

Subscribe to CNN.com's daily news overview, weekly political review
or any CNN.com e-mail product at http://CNN.com/email
(c) 2001 Cable News Network, Inc.
An AOL Time Warner Company

CNN Interactive email id:2550170502262099


Please excuse Kim Hillis and Kay Chapman from SAP timekeeping class and
provide them with the necessary tools to learn this at their desks.  I
understand that with this dismissal that they will be required to learn it on
their own.

Kim Hillis is currently registered for the class on Thursday, June 29 and Kay
Chapman had Beverly Stephens attend on her behalf.

Please provide them with a contact name in the event that they have any
questions.


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.

Distillate     http://www.carrfut.com/research/Energy1/hoil63.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded63.pdf


I will be on vacation beginning March 11 thru March 19.  In my absence, Lisa
Gillette will be handling most of my daily responsibilities.
You can reach her @ ext. 31827.  Should there be an emergency, and Lisa is
not available, please call Sheri Thomas @ ext. 36557.

Thanks!

Frank


Gabrielle Hagele, UBS Warburg, will be in Portland on Friday, February 8, 2002 to present information on UBS benefits for those who missed the previous information sessions.

Date: 		Friday, February 8th, 2002
Location:	Mt Hood
Time:		10:00 am to 12:00 pm

Please try to attend this additional session as valuable information will be presented, and you will have the opportunity to get answers to your questions.

Attached are the forms that you will need to complete and hand in, if you have not done so already.

Please let me know if you will not be able to attend this session.

Kind regards -
Amy


----- Forwarded by Mark Taylor/HOU/ECT on 06/08/2000 01:41 PM -----

	Moazzam Khoja@ENRON
	05/24/2000 04:37 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: failure to pay contract

Mark,

Could yu browze thru the attached term sheet and let me know whether it can
be modified in ways that address our issues.

regards
Moazzam


Has anyone ever heard of a company sending out a RFP to a recruiter? No, of
course not. On the trade floor, a Request For Physical is a common
occurrence. If they did send out this request to a recruiter it would read,
"Request For People." Wouldn't it be great if all the energy companies in
the world asked me to find their candidates. Well guess what they don't.

The Austin Group Energy establishes long term relationships with both
clients and candidates on a continual basis. We have candidates and
opportunities that aren't being distributed through conventional methods. We
completed over 600 successful seraches last year alone. In today's ever
changing market,can you afford not to know the largest recruiting firm in
the energy industry?

Attached below are positions that are available immediately for the right
candidate.

Call Today!

Paul Johnson
President- TAGE
Ofc (281) 600-8145
Mbl (281) 814-3886

Visit our Website
http://www.austingrp.com

 - Paul Johnson.vcf
 - Career Center '02 Opportunities.doc


As a shareholder, I nominate you as the new CFO.  I think it will be easy to
gain support for that.

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@enron.com]
Sent: Monday, October 22, 2001 11:06 AM
To: Chet Fenner (E-mail)
Subject:

swap you some options

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Here is the file I started.  I know there is plenty of missing data because I did not know all the commodities involved with each counterparty.  If you could fill in what you know, that would be a big head start on this heinous project.  I will be out of the office tomorrow.  My cell phone works again so I will be available.

Have a great weekend.

Thanks,
Stacey


Today Scott Shishido and I managed to narrow down the problem with the DS3
Tunnel and Scott will be working with EBS and Cisco to find out a solution.
We are currently running Terminal Server over the T-1's, as soon as the DS3
is operational and secure we will convert back to the tunnel. I will keep
everyone up to date when I have more information. Please contact me if there
are any questions. Thanks,  Chip Cox


Transwestern's average deliveries to California were 957 MMBtu/d (88%), with San Juan lateral throughput at 872 MMBtu/d.  Total East deliveries averaged 470 MMBtu/d.

El Paso's average deliveries to California were 1857 MMBtu/d (70%):
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 578 MMBtu/d (51%)
- SoCalEhr, capacity 981 MMBtu/d, deliveries of 823 MMBtu/d (84%)
- SoCalTop, capacity 535 MMBtu/d, deliveries of 456 MMBtu/d (85%)

Friday's posted Gas Daily prices:
	SoCal gas, large pkgs	  2.31 (+.185)
	PG&E, large pkgs	  2.26 (+.23)
	TW San Juan		  2.06 (+.39)
	TW Permian		  2.19 (+.22)

Enron Online bases:
		Nov-Mar		Apr-Oct
Perm-CA	.21 (+.05)	    	.23 (+.03)
SJ - CA	.28 (+.04)  	       	.44 (+.01)
SJ-Waha	.10 (-.01)	       	.26 (-.01)
Perm-Waha	.03 (even)                 	.04 (even)


Kurt,
You asked for the availability of Clear Sky by 11 am.   The attached file
provides this and will form the final Onwer Report when the Manual Logs are
fully integrated into the file.   The production is 10% lower than the
substation meter reading.  I have applied all of the corrections I can
through Visupro data.

George,
Are the manual reads you sent in based on Visupro screen data?  Or readings
from the controller interface at the turbine?


---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/14/2000 10:33
AM ---------------------------

Jeff Dasovich
09/09/2000 02:33 PM
To: Leslie Lawner/HOU/EES@EES
cc:
Subject: Steve's testimony

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/09/2000 02:32
PM ---------------------------

Elizabeth Linnell@ENRON
09/08/2000 11:44 AM
Sent by: Elizabeth Linnell@ENRON
To: Cynthia Sandherr/Corp/Enron@ENRON, Jeff Dasovich/SFO/EES@EES
cc: Maureen McVicker/NA/Enron@Enron
Subject: Steve's testimony

Attached is the final version.


This request has been pending your approval for  6 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000076593&Page=Approval to review and act upon this request.

Request ID          : 000000000076593
Request Create Date : 11/19/01 11:06:10 AM
Requested For       : randy.bryan@enron.com
Resource Name       : Unlisted Desktop Application
Resource Type       : Applications


16:00 (UK Time)  10am (US Time)
BT Conference Call Details:

Tel:    +44 (0)1296 619 850
Pin No.:  748908#

Please call the above no. at 4PM UK Time, 10AM US Time. Enter the Pin No.
when asked and you will be connected to the conf. call.

London Mtg Room:  NE4005
Houston Mtg Room: tba

Lisa Fair
(+ 44 207 783 7123)


We understand that the recent cases of Anthrax contamination and the possibility that biological agents such as Anthrax may be used in a terrorist attack are raising great concerns among Enron employees.  Many government and commercial facilities in the United States have already received Anthrax threat letters containing powdery substances.  Most of these have, however, been determined to be false alarms.  We have no reason to believe that Enron has been or will be the target of an Anthrax attack, but we want to provide all employees with background information on Anthrax and up-to-date guidance for handling any possible Anthrax exposures.

If you have additional questions or concerns, please contact Corporate Security in Houston at (713) 345-2804 or via email at CorporateSecurity@enron.com.

The most important thing to remember is:  Do not panic.  To infect someone, the Anthrax organism must be rubbed into abraded skin, swallowed, or inhaled as a fine, aerosolized mist.  Infection can be prevented after exposure to Anthrax by early treatment with the appropriate antibiotics.  Anthrax cannot be spread from one person to another.

Following are guidelines for identifying and dealing with suspicious letters or packages:

What constitutes a suspicious letter or parcel?  (Remember, these are only guidelines.  Use your best judgment when determining if a letter or package is suspicious.)

--  It is marked with the word "Anthrax."
--  It has a non-identifiable powdery substance on the outside.
--  It is unexpected or from someone unfamiliar to you.
--  Is addressed to someone no longer with your organization or is otherwise outdated.
--  Has no return address, or has one that cannot be verified as legitimate.
--  Is of unusual weight, given its size, or is lopsided or oddly shaped.
--  Has an unusual amount of tape on it.
--  Is marked with restrictive endorsements such as "personal" or "confidential".
--  Has a strange odor or stain.
--  Shows a city or country in the postmark that does not match the return address.

What do I do if I receive such a letter or package that I believe contains Anthrax?
--  Do not shake or empty the contents of any suspicious envelope or package.
--  Place the envelope or package in a plastic bag or some other type of container to prevent leakage of contents.
--  If you do not have any container, then cover the envelope or package with anything (e.g., clothing, paper, trash can, etc.) and do not remove this cover.
--  Leave the room and close the door, or section off the area to prevent others from entering (i.e., keep others away).
-- Wash your hands with soap and water to prevent spreading any powder to your face.
--  Notify your local building security official or an available supervisor.  Have them call 911 to alert the local police authorities.
--  List all people who were in the room or area when this suspicious letter or package was recognized. Give this list to both the local public health authorities and law enforcement officials for follow-up investigations and advice.
If you open an envelope or package and a suspicious powder spills out:
--  Do not try to clean up the powder.  Cover the spilled contents immediately with anything (e.g., clothing, paper, trash can, etc.) and do not remove this cover!
--  Leave the room and close the door, or section off the area to prevent others from entering (i.e., keep others away).
--  Wash your hands with soap and water to prevent spreading any powder to your face.  Report the incident to your local building security official or an available supervisor.  Have them call 911 to alert the local police authorities.
--  Remove heavily contaminated clothing as soon as possible and place in a plastic bag, or some other container that can be sealed.  This clothing bag should be given to the emergency responders for proper handling.
--  Shower with soap and water as soon as possible.  Do not use bleach or other disinfectant on your skin.
--  If possible, list all people who were in the room or area, especially those who had actual contact with the powder. Give this list to both the local public health authorities so that proper instructions can be given for medical follow-up, and to law enforcement officials for further investigation.


I changed the rate on transport usage deal 227992 from $.27 to .32.  Impact
will be ($18,400)

I need your help  changing the curve formula - please.


Glad you had a good time.  Next time we will have both SeaDo's working and
hopefully the lake will be a little higher.  We have your sandals.  At least
I think they are yours.  I am in Chicago right now.  We will try and get them
to you soon.  Use dgiron@enron.com for my email address.

DG

Mike Fultz <Mike.Fultz@HALLIBURTON.com> on 07/19/2000 10:48:53 AM
To: "'dgiron@enron.com'" <dgiron@enron.com>
cc:
Subject: RE: Email Address

Hey Darron,

What's going on??  Just wanted to say thanks for inviting me to go out on
the boat last weekend.  Hope I was not rude when we were leaving, but I
really started to feel like crap.  When we got back to Scott's I almost
puked a couple times and was stuck on the crapper for some time.  I ended up
not going to work on Monday and half of Tuesday because of the hebee jebees.
Anyway, if you ever need anyone to help you with the boat when you go out
(uh, yeah), give me a call and I would be glad to 'help' out.

Mike

> -----Original Message-----
> From: Darron C Giron [SMTP:Darron.C.Giron@enron.com]
> Sent: Tuesday, March 21, 2000 8:04 AM
> To: kristi.giron@cfisd.net; cgiron@mindspring.com; hollyw@email.msn.com;
> bwallace@tcast.com; mebert@tdhca.state.tx.us; mail43232@pop.net;
> scrowell@us.oracle.com; smmayers@earthlink.net; kwpope@pdq.net;
> mike.fultz@halliburton.com; dbeckman@bindview.com
> Subject: Email Address
>
>
>
> The address of dgiron@ect.enron.com is being deleted because of a company
> name
> change.  If you still use this, change it to dgiron@enron.com.  Thanks.
>
> DG
>


Ed:  I subsequently learned that you had previously prepared credit.  Please
ignore my voice mail.  Sara

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


FYI
---------------------- Forwarded by Dan Lyons/HOU/ECT on 04/12/2000 04:21 PM
---------------------------

Cynthia Gonter@EES
04/12/2000 04:15 PM
To: Fran L Mayes/HOU/ECT@ECT, oli@micro.ti.com, cto@enron.com,
charla.reese@enron.com, Lisa M Kumbalek/Corp/Enron@ENRON, Erica
Bess/Corp/Enron@ENRON, Saloni Patel/HOU/EES@EES, James
Keeble/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarita Garza/FGT/Enron@Enron,
Ryan Hinze/Corp/Enron@ENRON, Michelle Zhang/HOU/ECT@ECT, Heather
Alon/HOU/ECT@ECT, Edward Fundora/Corp/Enron@ENRON, Phillip
Foster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen Craig/HOU/EES@EES, ECC,
MS150volunteers
cc:
Subject: VOLUNTEER MEETING CHANGE LOCATION

MS150 VOLUNTEER MEETING LOCATION CHANGE
WE WILL NOW MEET IN EB35C2 @ 3PM

WE NEED ALL THE VOLUNTEERS THAT WE CAN GET FOR LaGRANGE !!

WE NEED SERIOUS COMMITMENT FOR ALL LOCATIONS.

RSVP IF YOU CAN MAKE IT TO CYNTHIA GONTER (713) 354-7404.

IF YOU CAN'T MAKE IT AT LEAST CALL TO NOTIFY US IF YOU WILL BE ABLE TO MAKE
IT THIS WEEKEND!!


Your message

  To:      Dowjones1 (E-mail); Dowjones2 (E-mail); Gas Daily (E-mail);
Iferc1 (E-mail); Iferc2 (E-mail); NGI (E-mail)
  Sent:    Mon, 29 Oct 2001 14:50:54 -0600

was delivered to the following recipient(s):

Mailbox - Gas Daily on Mon, 29 Oct 2001 13:47:51 -0600
    MSEXCH:MSExchangeMTA:HOUSTON:GAGE

 - C.DTF


Thanks, John.

 -----Original Message-----
From: 	Ng, Mark
Sent:	Thursday, October 18, 2001 8:51 AM
To:	Richards, Todd
Cc:	Swafford, John
Subject:	FW: Update Back

Thanks for coordinating Todd!

 -----Original Message-----
From: 	Richards, Todd
Sent:	Thursday, October 18, 2001 8:38 AM
To:	Joseph, Mary
Cc:	Ng, Mark; Nugent, Caroline
Subject:	Update Back

All update back processes have been run in Corptax for the Commodities/Trading and Partnership groups.  Furthermore, all pertinent information has been sent to you regarding companies with returns prepared outside of Corptax.

Todd Richards
Corporate Tax Department
713-345-3522


In Part C. Financial Swaps of your report, please clarify two "preparing
Master Swap" entries:

(1) is "Edes" meant to be "Eden", each LDC activity?

(2)  What is "CGC"?

The "under discussion" entries are unknown to us:

(1)  Piedra del Aguila
(2)  PDA
(3)  Wintershall
(4)  Quintana
(5)  Minera Alumbrera
(6)  PAE

Thanks.  Sara


Shirley,

Please, E-mail Christie   the phone # for 1938. She can call in.

Vince

Shirley Crenshaw
12/12/2000 03:21 PM
To: Christie Patrick/HOU/ECT@ECT, James L Bouillion/HOU/ECT@ECT, George
Carrick/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Follow-up Meeting on Wharton

The meeting has been scheduled for Friday, Dec. 15th from 1:30 - 2:30 PM
in EB1938.  If you have any questions, please let me know.

Thanks!

Shirley


Start Date: 3/7/01; HourAhead hour: 5;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030705.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the
FINAL Individual Interchange Schedule.  Unable to assign deal number.


Dear Jane M. Tholt,

Once again thank you for shopping with 1-800-FLOWERS.COM . At this time, we
would like to provide you with delivery information regarding your order:

Your order, 12553590 was delivered on 12/16.

If you have any questions regarding your order, e-mail us at
customerservice@1800flowers.com or call us at 1-800-468-1141.

Sincerely,

Meredith McArdle
Director of Customer Service

It may be the end of the year 2000, but it's the beginning of a holiday
celebration at 1-800-FLOWERS.COM!  Remember your family and friends with one
of our holiday treasures, including jewelry and collectible items.  Don't
miss the chance to wrap up this joyous season with a special gift for
someone!  Click here.

http://www.1800flowers.com/cgi-bin/800f/enterstore.pl/psmg


Jana,

"Cotton Mary" sounds good. It's a film by Ismail Merchant who collaborated
on "A Room with a View", "Howard's View", and other well known movies.
It's a story about two Anglo-Indian sisters.

Vince

Jlpnymex@aol.com on 04/11/2000 08:02:45 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: (no subject)

Vince,

The Angelika has several movies that would be good.  I am familiar with all
but one--"Cotton Mary."  Do you know anything about it?

If you still haven't seen "American Beauty", that is fine with us.  Just let
me know what sounds good to you. We are  flexible when it comes to movies.

Jana


To all of you who are without the luxury of a dial tone this morning:

Qwest Communications is working on the malfunctioning phone circuit. We don't
know when the service will be reinstated; but in the meantime you can reflect
on what life was like before the darn thing was invented.

Bell, Alexander Graham

                b. , March 3, 1847, Edinburgh
                d. Aug. 2, 1922, Beinn Bhreagh, Cape Breton Island, Nova
Scotia, Can.

                Scottish-born American audiologist best known as the inventor
of
                the telephone (1876). For two generations his family had been
                recognized as leading authorities in elocution and speech
correction,
                with Alexander Melville Bell's Standard Elocutionist passing
through
                nearly 200 editions in English. Young Bell and his two
brothers were
                trained to continue the family profession. His early
achievements on
                behalf of the deaf and his invention of the telephone before
his 30th
                birthday bear testimony to the thoroughness of his training.

                Alexander ("Graham" was not added until he was 11) was the
 second of the three sons of Alexander Melville Bell and Eliza Grace Symonds
Bell. Apart
 from one year at a private school, two years at Edinburgh's Royal High
School (from
 which he was graduated at 14), and attendance at a few lectures at Edinburgh
 University and at University College in London, Bell was largely family
trained and
 self-taught. His first professional post was at Mr. Skinner's school in
Elgin, County
 Moray, where he instructed the children in both music and elocution. In 1864
he
 became a resident master in Elgin's Weston House Academy, where he conducted
his
 first studies in sound. Appropriately, Bell had begun professionally as he
would
 continue through life--as a teacher-scientist.

 In 1868 he became his father's assistant in London and assumed full charge
while the
 senior Bell lectured in America. The shock of the sudden death of his older
brother from
 tuberculosis, which had also struck down his younger brother, and the strain
of his
 professional duties soon took their toll on young Bell. Concern for their
only surviving
 son prompted the family's move to Canada in August 1870, where, after
settling near
 Brantford, Ont., Bell's health rapidly improved.

 In 1871 Bell spent several weeks in Boston, lecturing and demonstrating the
system of
 his father's Visible Speech, published in 1866, as a means of teaching
speech to the
 deaf. Each phonetic symbol indicated a definite position of the organs of
speech such
 as lips, tongue, and soft palate and could be used by the deaf to imitate
the sounds of
 speech in the usual way. Young A. Graham Bell, as he now preferred to be
known,
 showed, using his father's system, that speech could be taught to the deaf.
His
 astounding results soon led to further invitations to lecture.

 Even while vacationing at his parents' home Bell continued his experiments
with
 sound. In 1872 he opened his own school in Boston for training teachers of
the deaf,
 edited his pamphlet Visible Speech Pioneer, and continued to study and
tutor; in 1873
 he became professor of vocal physiology at Boston University.

 Never adept with his hands, Bell had the good fortune to discover and
inspire Thomas
 Watson, a young repair mechanic and model maker, who assisted him
enthusiastically
 in devising an apparatus for transmitting sound by electricity. Their long
nightly
 sessions began to produce tangible results. The fathers of George Sanders
and Mabel
 Hubbard, two deaf students whom he helped, were sufficiently impressed with
the
 young teacher to assist him financially in his scientific pursuits.
Nevertheless, during
 normal working hours Bell and Watson were still obliged to fulfill a busy
schedule of
 professional demands. It is scarcely surprising that Bell's health again
suffered. On
 April 6, 1875, he was granted the patent for his multiple telegraph; but
after another
 exhausting six months of long nightly sessions in the workshop, while
maintaining his
 daily professional schedule, Bell had to return to his parents' home in
Canada to
 recuperate. In September 1875 he began to write the specifications for the
telephone.
 On March 7, 1876, the United States Patent Office granted to Bell Patent
Number
 174,465 covering "The method of, and apparatus for, transmitting vocal or
other
 sounds telegraphically . . . by causing electrical undulations, similar in
form to the
 vibrations of the air accompanying the said vocal or other sounds."

 Within a year followed the commercial application and, a few months later,
the first of
 hundreds of legal suits. Ironically, the telephone--until then all too often
regarded as a
 joke and its creator-prophet as, at best, an eccentric--was the subject of
the most
 involved patent litigation in history. The two most celebrated of the early
actions were
 the Dowd and Drawbaugh cases wherein the fledgling Bell Telephone Company
 successfully challenged two subsidiaries of the giant Western Union Telegraph
 Company for patent infringement. The charges and accusations were especially
painful
 to Bell's Scottish integrity, but the outcome of all the litigation, which
persisted
 throughout the life of his patents, was that Bell's claims were upheld as
the first to
 conceive and apply the undulatory current. In 1877 Bell married Mabel
Hubbard, 10
 years his junior.

 The Bell story does not end with the invention of the telephone; indeed, in
many ways
 it was a beginning. A resident of Washington, D.C., Bell continued his
experiments in
 communication, which culminated in the invention of the
photophone--transmission of
 sound on a beam of light; in medical research; and in techniques for
teaching speech
 to the deaf.

 In 1880 France honoured Bell with the Volta Prize; and the 50,000 francs
(roughly
 equivalent to U.S. $10,000) financed the Volta Laboratory, where, in
association with
 Charles Sumner Tainter and his cousin, Chichester A. Bell, Bell invented the
 Graphophone. Employing an engraving stylus, controllable speeds, and wax
cylinders
 and disks, the Graphophone presented a practical approach to sound
recording. Bell's
 share of the royalties financed the Volta Bureau and the American
Association to
 Promote the Teaching of Speech to the Deaf (since 1956 the Alexander Graham
Bell
 Association for the Deaf ). May 8, 1893, was one of Bell's happiest days; his
 13-year-old prodigy, Helen Keller, participated in the ground-breaking
ceremonies for
 the new Volta Bureau building--today an international information centre
relating to
 the oral education of the deaf.

 In 1885 Bell acquired land on Cape Breton Island in Nova Scotia. There, in
 surroundings reminiscent of his early years in Scotland, he established a
summer
 home, Beinn Bhreagh, complete with research laboratories.

 In 1898 Bell succeeded his father-in-law as president of the National
Geographic
 Society. Convinced that geography could be taught through pictures, he
sought to
 promote an understanding of life in distant lands in an age when travel was
limited to
 a privileged few. Again he found the proper hands, Gilbert Grosvenor, his
future
 son-in-law, who transformed a modest pamphlet into a unique educational
journal
 reaching millions throughout the world.

 As interest in the possibility of flight increased after the turn of the
century, he
 experimented with giant man-carrying kites. Characteristically, Bell again
found a
 group of four willing young enthusiasts to execute his theories. Always an
inspiration,
 Mabel Hubbard Bell, wishing to maintain the stimulating influence of the
group, soon
 founded the Aerial Experiment Association, the first research organization
established
 and endowed by a woman. Deafness was no handicap to the wife of Professor
Bell. At
 Beinn Bhreagh, Bell entered new subjects of investigation, such as sonar
detection,
 solar distillation, the tetrahedron as a structural unit, and hydrofoil
craft, one of which
 weighed more than 10,000 pounds and attained a speed record of 70 miles per
hour
 in 1919.

 Apart from his lifelong association with the cause of the deaf, Bell never
lingered on
 one project. His research interests centred on basic principles rather than
on
 refinements. The most cursory examination of his many notebooks shows
marginal
 memos and jottings, often totally unrelated to the subject at
hand--reminders of
 questions and ideas he wanted to investigate. It was impossible for him to
carry each
 of his creative ideas through to a practical end. Many of his conceptions
are only today
 seeing fruition; indeed, some undoubtedly have yet to be developed. The
range of his
 inventive genius is represented only in part by the 18 patents granted in
his name
 alone and the 12 he shared with his collaborators. These included 14 for the
 telephone and telegraph, 4 for the photophone, 1 for the phonograph, 5 for
aerial
 vehicles, 4 for hydroairplanes, and 2 for a selenium cell.

 Until a few days before his death Bell continued to make entries in his
journal. During
 his last dictation he was reassured with "Don't hurry," to which he replied,
"I have to."


Start Date: 4/12/01; HourAhead hour: 22;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041222.txt


Start Date: 1/5/02; HourAhead hour: 5;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010505.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  35.00 / Final:  34.97)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 1/5/02
  SC_ID: ENRJ


How could they justify going after only electronic traded deals. Wouldn't
they need to attack all deals done ever using a Platt's price as a reference
price ? Good Luck..


Hi Felicia,

I would like to have one (1) AMEX gift certificate for $50.00 processed as
soon as possible.

Thanks,
Rod


The CEC receives approximately $62 million a year  from he public goods
charge for RDD.? The area of focus include: (1)  RDD that advance science and
technology, (2) RDD activities not adequately  provided by competitive and
regulated markets, (3) in-state (ie. California)  benefits, and (4) which are
energy related that impact end-use efficiency,  environmentally preferred
advance generation technologies, renewable  technologies, and other strategic
research.
?
The CEC is reconvening its Public Interest Energy Research (PIER) Advisory
Committee.? As an advisory committee member, I on behalf of IEP, have a
unique opportunity to integrate into the PIER planning process research
ideas,  concepts, etc. that could potentially?benefit our industry.? For
example, during past PIER Advisory Committee meetings I urged them to pursue
technologies that would help predict when wind speeds, volumnes, etc. to
assist  intermittent wind technologies in scheduling.? This concept grew into
a  signficant CEC grant to conduct this type of research.
?
If you have ideas for public interest RDD that you wish to share, please
draft a brief statement of the idea, how/why it would help, etc., and email
it  back to me.? I will attempt to pursue them at the CEC for funding.?
?


Return Receipt

 Your         RE: Can you send daily prices?? Thanks
 document:

 was received Liane Kucher/ST/FIS
 by:

 at:          04:47:53 PM Today


Steve and David,

This morning APS lost FC#5.  This outage should have appeared in the night
note and should have been mentioned in the shift change.  Where possible the
cause of the outage and ETR should be noted.  This was important information
for the SW traders as well as for the real-time trader coming on shift and it
did not get communicated as it should have.
Please leave as much information concerning your shift as you can.

Thanks,
Bill


Latest version of potential buyers list.  I am continuing to update this
list.  I am still waiting for comments from Andy Kelemen.
Ben


marcus:
any thoughts about next weekend?  i still want to go somewhere.  this is killing me.  how about south america or is it too far?


drinks on tickleknees if you do

From: Kim Ward/ENRON@enronXgate on 05/08/2001 02:03 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

you're killing me!!!  I WILL close two of the three!!! and I predict that I
will make $500,000 - on two tiny little gas deals.

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 2:04 PM
To: Ward, Kim S.
Subject: RE:

maybe we need a closer in that seat

From: Kim Ward/ENRON@enronXgate on 05/08/2001 01:56 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

he's a cheapskate - I am just sitting here on the edge of my seat with three
customers that won't pull the trigger!

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 1:53 PM
To: Ward, Kim S.
Subject: RE:

how about we celebrate the near completion of your deal and have tickleless
pay for it.

From: Kim Ward/ENRON@enronXgate on 05/08/2001 01:26 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

push the summer down about $.03-.04 so I can get one of my deals done and we
could celebrate!

 -----Original Message-----
From:  Arnold, John
Sent: Tuesday, May 08, 2001 1:07 PM
To: Ward, Kim S.
Subject:

wanna get sauced after work?


How did I turn around and suddenly find myself in December? Why is there a
man parked outside my office incessantly tooting "Jingle Bell Rock" on his
horn? When will I ever see my bare feet again? How annoying is it that I
began this e-mail with lines of whining?

I hope the holidays are at least a somewhat more sincere experience in
Vietnam than they are here. I guess I don't remember this kind of chaos in
years past, but then I'm spending a lot more time in the commercial center of
the city these days. Which, by the way, is going very well. I'm just getting
to the level of familiarity with my new job that allows me time for pointless
e-mails. It's been a steep learning curve, and I still have a long way to go,
but that's what makes everyday interesting.

Other than work, I haven't had time for a whole lot. Thanksgiving was nice -
saw a lot of friends from out of town and had enough meals with the family to
satisfy, but not overwhelm, the quality time scale. Our office had its big
holiday bash last weekend, which I kicked off the night before for no
apparent reason and just continued the festivities for about 48 nonstop
hours. There's snow on the mountain, so this weekend I might have to break in
(or break, whichever comes first) my new snowboard.

Hope all's well on the other side of the world. It's kind of comforting to
remind myself every once in awhile that there is another side, full of people
who could care less about power trading and Portland, Oregon. By the way, I
heard through the grapevine that Clinton was quite a hand-full. Good or bad?
Or ugly?

Shoot me an e-mail when and if you get a chance. I'm out of here on the 22nd,
and it will be so nice to see the sun again. If I don't see you, have a great
vacation, and try not to be overwhelmed by the joyousness of the season.

Kate


Attached is a draft posting for the 10,000/d mainline expansion.  Please let
me know your comments by the end of the day Monday, December 4th.

Thanks!


Attached is the referenced list.  There are only 2 counterparties for
approval on this list, and I have problems with each of them.

Virginia Electric and Power Company is coming through as an amendment to add
financial power.  I still cannot open them up until we resolve directly with
the company what issue, if any, there appears to be doing financial products
with utilities under Virginia law.  Notes in our database reflect that this
was an issue and they were creating a marketing sub to do the business.  I
have a call into Credit to find out who their contact is, we will have to
resolve this directly with them.

Again, TXU Lone Star Pipeline is coming through as a division of TXU Gas
Company, and that needs to be made part of the name.


All,

The Trading Track distribution list has been updated to include the new participants.     The distribution list is called: DL-ENA Trading Track

Rgds,

Karen B.


With Mitsui, could we have one ISDA master signed by all affilaites or would we have to do separate masters with a master netting agreement? Your thoughts?
----- Forwarded by Alan Aronowitz/HOU/ECT on 05/31/2001 11:53 AM -----

	Jane McBride@ENRON 05/30/2001 09:45 PM 	  To: Alan Aronowitz/HOU/ECT@ECT  cc:   Subject: Re: ISDA(s) with Mitsui Corp.

Thanks for the help Alan.  Moving forward though, if it turns out that London and/or Singapore are negotiating ISDAs with Mitsui (as we think they are), what do we do about Mitsui's concern that it doesn't want to have separate ISDAs with separate Enron entities.

What is Enron's usual approach to this I wonder.  Seems to me that from the customer's perspective, this makes sense.  I wonder what sort of internal issues this raises though.

Lets talk tomorrow morning.

Jane

	Alan Aronowitz@ECT 2001/05/30 23:46 	  To: Nony Flores/HOU/ECT@ECT  cc: Edmund Cooper/LON/ECT@ECT, Jane McBride/AP/Enron@Enron, Laurie Mayer/HOU/ECT@ECT, Matthias Lee/SIN/ECT@ECT, Matthias Lee/SIN/ECT@ECT  Subject: Re: ISDA(s) with Mitsui Corp.

I think Matt Lee may be negotiating one with Mitsui, but I'm not absolutely sure.

Matt: Could you confirm? Thanks.

Alan

	Nony Flores 05/30/2001 09:44 AM 	   To: Matthias Lee/SIN/ECT@ECT, Edmund Cooper/LON/ECT@ECT  cc: Laurie Mayer/HOU/ECT@ECT, Jane McBride/AP/Enron@Enron, Alan Aronowitz/HOU/ECT@ECT  Subject: Re: ISDA(s) with Mitsui Corp.

Matt/Edmund,

Laurie and I are trying to help Jane determine if an ISDA with Mitsui Corp. has been negotiated by London and Singapore.  Tana Jones has checked the Financial Trading Agreements database and found no records of an ISDA with Mitsui.  Do you by any chance no if such agreement has been negotiated and perhaps is waiting to be entered into the database?  If an ISDA does exist with Mitsui, would you be so kind to contact Jane directly with details, etc.

Thanks and regards,

Nony
----- Forwarded by Nony Flores/HOU/ECT on 05/30/2001 09:43 AM -----

	Laurie Mayer 05/30/2001 08:47 AM 	   To: Jane McBride/AP/Enron@Enron  cc: Alan Aronowitz/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT  Subject: Re: ISDA(s) with Mitsui Corp.

----- Forwarded by Laurie Mayer/HOU/ECT on 05/30/2001 08:45 AM -----

	Tana Jones 05/30/2001 08:29 AM 	  To: Laurie Mayer/HOU/ECT@ECT  cc:   Subject: Re: ISDA(s) with Mitsui Corp.

No ISDA for Mitsui Corp.  Below is the link which should enable you view access to the Financial Trading Agreement Database.  You can forward this email with the link to any member of your team and they will then have the link which will get them access to the database.

Link -->

	Laurie Mayer 05/30/2001 08:26 AM 	   To: Tana Jones/HOU/ECT@ECT  cc: Alan Aronowitz/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT  Subject: ISDA(s) with Mitsui Corp.

Tana, would you be able to check on Mitsui Corp. ISDAs for us?  Thanks.  If I can access the database please let me know.
Laurie
----- Forwarded by Laurie Mayer/HOU/ECT on 05/30/2001 08:24 AM -----

	Jane McBride@ENRON 05/29/2001 08:56 PM 	   To: Nony Flores/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT  cc:   Subject: ISDA(s) with Mitsui Corp.

Above company has approached us re an ISDA with them, they have also told us that they have been negotiating ISDAs with Enron London and Enron Singapore for some time.

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

Laurie/Nony,

I wonder if you can find out for me from the data base, what the status is with Mitsui Corp. ISDAs re all Enron companies?

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

Alan,

Mitsui Corp has hinted that it doesn't want to have separate ISDAs with separate Enron entities.  What is Enron's usual approach to this I wonder.  Seems to me that from the customer's perspective, this makes sense.  I wonder what sort of internal issues this raises though.

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

Thanks all.

Jane

<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>


Who all would you like on your guest list for tomorrow?  Regular crew?


Because of time constraints, we added the words "Patent Pending" on the home
page of clickpaper -- same line, same type size, etc., but will probably go
back and add it in a few other places at a later date.  A notice is not
legally required, but it's helpful and a nice marketing touch as well, so you
should consider putting it where it's most likely to be noticed.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Sara:

Just to clarify:

EI can't enter into the swap with TBS per Ted Murphy
Don Black needs to discuss the inflation position and crude position with the
appropriate people before we can execute a Master ISDA between TBS and ECT.
Ted is not sure that the appropriate people in ECT have seen this deal.  Don
Black will need to show this deal to ECT since ECT is entering into the swap.

I have left a message for Don Black to call concerning these issues and am
waiting for him to return my call.

Regards,

Pat

Sara Shackleton
06/11/99 08:57 AM
To: Patricia Cini/HOU/ECT@ECT
cc:
Subject: TBS swap

Since the Master is drafted for ECT/TBS, what does your message mean in terms
of moving the ISDA, guaranty and side letter along?  As I mentioned to Ted,
what EI or an EI project company does outside of the ECT swap is not
something that I can track.  Thanks.  SS


did you call me from your car while you were jamming or something?  i heard
this music going and you were howling.  it is on my voicemail at work.


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketing Working Group Chair
            Julie Simon, Vice President of Policy

DATE: June 6, 2001

RE: Revised EPSA Draft Paper on Assuring Adequate
      Capacity in a Competitive Market
      ?Conference Call on Friday, June 8th at 11:00 a.m. (EDT)

On May 29th EPSA circulated a draft position on the issues raised during our
earlier meeting on assuring adequate capacity in a competitive market.  We
invited comments on that draft and promised to circulate a revised draft in
advance of conference call scheduled on Friday, June 8th to discuss this
issue further.

Attached are two documents.  One is an extensively red-lined version of the
May 29th draft based on comments forwarded from several members.  Where
possible, we have incorporated suggested changes and identified, with
brackets ([ ]), alternative proposals or issues needing further discussion.
Also attached is an alternative set of bullets drafted by Jeff Roark at
Mirant suggesting an another way to organize the points.  Thank you all for
your time and effort on this project.

Please review both documents in preparation for Friday's call, which will be
held at 11:00 a.m. (EDT).  To access the conference call, dial 1-800-937-6563
and ask for the Julie Simon/EPSA call.  If you have any questions or concerns
in advance of the call, please contact Julie at 202-628-8200.

Attachments

 - EPSA CAPACITY POSITION STATEMENT-draft#2 .doc.doc
 - alternative bullets.doc


FYI. After you review we can discuss.
---------------------- Forwarded by Michael Moran/GPGFIN/Enron on 11/28/2000
04:46 PM ---------------------------

Julia White
11/28/2000 04:44 PM
To: Stanley Horton/Corp/Enron@Enron, Steve Hotte/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Michael
Moran/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

This is the latest draft from Julie for your review. I realize we will
discuss at the staff meeting on Monday.

Thanks. Julia
---------------------- Forwarded by Julia White/ET&S/Enron on 11/28/2000
04:39 PM ---------------------------

	From:  Julie A Gomez @ ECT                           11/28/2000 12:04 PM

To: Julia White/ET&S/Enron@ENRON
cc:

Subject: Cleaned up Capacity System LOI

Dear Julia-

Here is the cleaned up version of what I sent you the other day.

Please let me know your comments ASAP.

Thanks,

Julie  :-)


note changes


Gerald & Candy,

Per your instructions the Draft Reimbursement Letter Agreement between HPL
and ENA.

Eric Gillaspie
713-345-7667
Enron Building 3886

	Gerald Nemec
	05/16/2000 05:39 PM

		 To: Candace L Bywaters/HOU/ECT@ECT
		 cc: Eric Gillaspie/HOU/ECT@ECT
		 Subject: Re: Reimbursement Agreement between ENA and HPL

I will get something to you within the next couple of days.  Should be a
straightforward letter agreement.

Eric,  Let's discuss in the morning.

	Candace L Bywaters
	05/16/2000 08:41 AM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Nathan L Hlavaty/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT, Kenneth W
Kaase/HOU/ECT@ECT
		 Subject: Reimbursement Agreement between ENA and HPL

Please advise as to the status of the agreement I requested you draft for
me.  Specifically, I seek a reimbursement agreement with HPL as payee and ENA
as payor whereby HPL will be kept whole on its costs to install the Lockhart
meter for Southern Union.  We are currently awaiting the final word from El
Paso to determine if they elect to participate in this meter as is allowed
them under the JV Agreement., so the reimbursement amount will either be
HPL's full share of $44,000 or half of that amount, as you know from the
Lockhart Agreement in which you participated.

Please let me know where you are on this.

Thanks, Gerald!

Candy


McNown and Toomer for Horn and Culpepper


The hits just keep on coming.
---------------------- Forwarded by Steve Venturatos/HOU/ECT on 11/14/2000
11:23 AM ---------------------------

"Bradley Rome" <brome@br-inc.com> on 11/14/2000 11:14:31 AM
Please respond to <brome@br-inc.com>
To: <DSLMIL@aol.com>, <jrobertson@datarecall.net>,
<landquest@worldnet.att.net>, <louviereej@stone-energy.com>,
<marshall@millinglaw.com>, <sdbaker10@hotmail.com>, <sventur@enron.com>,
<wbailey@gamde.com>
cc:
Subject: fwd: FW: Fwd: Picture worth a thousand words

Bradley J. Rome, CPL/ESA
Senior Staff Landman
Burlington Resources Oil & Gas Company
brome@br-inc.com
---------- Original Text ----------

From: "Bailey, James W" <bailejw@texaco.com>, on 11/14/2000 9:41 AM:
To: Bradley Rome@LND@GCD

-----Original Message-----
From: Bob Byars [mailto:bbyars@eplweb.com]
Sent: Tuesday, November 14, 2000 9:14 AM
To: Barry Groff (E-mail); Dave Hackney (E-mail); Doug Bowling (E-mail);
George Grau (E-mail); Jay Martin (E-mail); Jim Bailey (E-mail); Jim
Vance (E-mail); Kevin Ashley (E-mail); Leanne Cantrell (E-mail); Lew
Scott (E-mail); Mike Bowman (E-mail); Steve Bohnet (E-mail); Tim Walker
(E-mail); Todd Burkes (E-mail)
Subject: FW: Fwd: Picture worth a thousand words

>  -----Original Message-----
> From:  Lisa LaHoste
> Sent: Tuesday, November 14, 2000 6:00 AM
> To: Barbara Meyer; Bob Murphy; Bob Byars
> Subject: Fwd: Picture worth a thousand words
>
>  <<algore.jpg>>
>
> Lisa LaHoste
> Energy Partners, LTD.
> Engineering Technician
> East Bay Field
> (504) 799 -1919
> (504) 799 -1910 Fax
> llahoste@eplweb.com
>

 - algore.jpg


Scott Cook
5040 N. Marine Drive 3C
Chicago, IL 60640
scott.cook@excellus.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Scott Cook


Do you have a specific answer to the franchise question below?  I remember
that it was an issue in the Baytown lawsuit, but did not hear the final
aspect of that argument.  In light of the final decision, is that an issue
today?  Please keep Candy in this loop, so that she can understand which
options we might have.

---------------------- Forwarded by Steve HPL Schneider/HOU/ECT on 05/30/2001
05:57 AM ---------------------------
From: Lee L Papayoti on 05/29/2001 03:10 PM
To: William D Cosby/HOU/ECT@ENRON
cc: Candace L Bywaters/HOU/ECT@ECT, Brad Blevins/HOU/ECT@ECT, Kevin
Kuehler/Corp/Enron@ENRON, Steve HPL Schneider/HOU/ECT@ECT
Subject: Baytown lateral serving Natural Gas Odorizer plant

I am familiar with the ultimate customer, NGO and know their buyer, as they
are wholly owned sub of OxyChem.  They would be more than happy to discuss a
direct connect to HPL.

BUT, I recollect from a couple of years ago the possibility of franchise
problems .... i.e. that our position was NOT to pursue a direct connect to
NGO as this might place HPL in a position of exposure with respect to the
franchise tax to the City of Baytown.

Steve - comments??

Lee

	Enron North America Corp.

	From:  William D Cosby @ ENRON                           05/29/2001 02:31 PM

Sent by: William D Cosby@ENRON
To: Candace L Bywaters/HOU/ECT@ECT
cc: Brad Blevins/HOU/ECT@ECT, Kevin Kuehler/Corp/Enron@ENRON, Lee L
Papayoti/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT
Subject: Re: natural gas odorizer pipeline

We discussed this project in our staff meeting today.  I will be talking to
Lee and getting his thoughts on the matter.  Early on, it was mentioned that
we should make an effort to serve this customer directly without Entex
involvement.  Exxon advised that we would need to move our line by Sept. 2001
+/-.

Candace L Bywaters@ECT
05/15/2001 06:31 AM
To: William D Cosby/GCO/Enron@Enron
cc:

Subject: Re: natural gas odorizer pipeline

Pls advise.  Thanks!

Candy

	Enron North America Corp.

	From:  Brad Blevins                           05/14/2001 03:13 PM

To: Candace L Bywaters/HOU/ECT@ECT
cc:
Subject: Re: natural gas odorizer pipeline

Will do, not much new happening.  I have notified Entex that HPL is not
replacing the line, Danny says that the project is beginning to move a
little.  I'll touch base with him again.

Candace L Bywaters
05/14/2001 02:38 PM
To: Brad Blevins/HOU/ECT@ECT
cc: Steve HPL Schneider/HOU/ECT@ECT
Subject: natural gas odorizer pipeline

Steve advised me in our staff meeting today that you and Danny Cosby are
working together on  the subject topic at Baytown concerning an Exxon and
Entex involvement.

Please tell me where you are on this and include me in your work on this
project as Steve has requested such.

Thanks, guys!

Candy


I'm sorry.  I forgot to mention Kathy and I can't find these deals in our
system.

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/29/99 10:47
AM ---------------------------

Chris Germany
12/29/99 10:46 AM
To: pvillag@columbiaenergy.com, Mark Friedman/HOU/ECT@ECT,
msharif@columbiaenergygroup.com
cc: Clarissa Garcia/HOU/ECT@ECT, Cindy Vachuska/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, Meredith Mitchell/HOU/ECT@ECT
Subject: Tenn supply in Zone 4

Fred with Equitable said he has 2 deals with CES.

1.  Tennessee - Equitable is selling CES 2,500 day delivered to Zone 4 at
NYMX + .35.  Equitable has the trigger and this deal goes through March
2000.  CES is currently receiving this gas at Beldon & Blake.

2.  Tetco - CES gave Equitable 100,000 dth in April and Equitable is giving
CES 100,000 dth in January 2000 delivered to Tetco M2.  CES has(or will) pay
Equitable $.65 for the exchange.  We call this a synthetic storage deal.

Do you know anything about these deals?


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Ken, Tom,

Can you, please, forward the evaluation forms to our guests?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
05:41 PM ---------------------------
From: Jennifer Brockwell/ENRON@enronXgate on 02/01/2001 12:33 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Experience Enron Feedback

I would like any feedback you have concerning your guests that toured Enron
this past week.  I have attached two feedback forms, one for Professor
Lasden's visit and and another for the Rice Students, or you may just jot
down whatever feedback you have for us.

Thank you.

Jennifer


eThink stuff!  Get your red hot eThink stuff!  You know you want to be one of
the cool kids; go to the Enron Signature Shop and order your eThink stuff
today.  Shirts, gadgets, hats and more.  We've even got gel mouse pads.
Don't know what those are?  Go find out!  Get your eThink stuff!

Tuesday, January 30 at 10:00 am Houston time, join Carrie Robert on eSpeak.
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so far, but we've decided to look in our own backyard for quotes in 2001.
Send an original quote to ethink@enron.com and you could be famous!

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Carlos

These are the trades I did today.

Bought 5000 gj/d Oct Aeco Fin vs. DI 2.915 c/gj EOL
Sold 5000 gj/d Oct Aeco Fin vs. DI 2.955	c/gj EOL
Bought 5000 Oct Malin Basis (0.23)  EOL
Sold 5000 Oct Rocks (0.485) EOL

and Cowan is working an order to buy 20000 mm/d of Oct Aeco basis vs. DI in us/mm at (0.54)

Thanx

Chris


whats up back from KY to Nville l dad


This one isn't funny, but it's good...
 -----Original Message-----
From: 	"Kyle Jones" <hkjii@erols.com>@ENRON
Sent:	Friday, October 19, 2001 4:18 PM
To:	'Benjamin James JONES \(E-mail\)'; 'Christopher Ridgway JONES \(E-mail\)'; 'Craig Stephen JONES \(E-mail\)'; 'Eileen \(Gillis\) JONES \(E-mail\)'; 'Harrison Kyle JONES Jr. \(E-mail\)'; 'Jay Charles JONES \(E-mail\)'; 'Jonathan Eric JONES \(E-mail\)'; 'Lee Osterman \(E-mail\)'; 'Sally and Bernie Case \(E-mail\)'; Jones, Tana
Subject:	FW: We'll Go Forward

-----Original Message-----
From: ComputerDe@aol.com [mailto:ComputerDe@aol.com]
Sent: Thursday, October 18, 2001 7:46 AM
To: islandfan@aol.com; roleranger@aol.com; llevinson@sidley.com;
smmihalko@aol.com; hkjii@erols.com
Subject: Fwd: We'll Go Forward

From: <valeria.dusablon@gm.com>
To: "Family" <Family@gm.com>
Subject: Fwd: We'll Go Forward
Date: Thu, 18 Oct 2001 07:27:23 -0400
Message-ID: <85256AE9.003EF012.00@usabhmg02.mail.gm.com>
MIME-Version: 1.0
Content-Type: multipart/mixed;	boundary="----=_NextPart_000_0000_01C15968.186249D0"
X-Mailer: Unknown (No Version)
X-Lotus-FromDomain: GM
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4522.1200

---------------------- Forwarded by Valeria DuSablon/US/GM/GMC on 10/18/2001
07:27 AM ---------------------------

Gail M. Collins
10/17/2001 08:59 AM

To:   bquarles@saltonusa.com, bruthen@home.com, mssofty1@home.com,
      janetchap@msn.com, cajunrk@aol.com, Valeria DuSablon/US/GM/GMC@GM,
      susanmatt@aol.com, John G Flynn/US/GM/GMC@GM, nmshook@earthlink.com
cc:
Subject:  Fwd: We'll Go Forward

---------------------- Forwarded by Gail M. Collins/US/GM/GMC on 10/17/2001
08:50 AM ---------------------------

Janice Champa
10/16/2001 03:56 PM

To:   jjchampa@msn.com, Gail M. Collins/US/GM/GMC@GM
cc:
Subject:  Fwd: We'll Go Forward

---------------------- Forwarded by Janice Champa/US/GM/GMC on 10/16/2001
03:35
PM ---------------------------

"Eric Champa" <Eric.Champa@trw.com> on 10/16/2001 03:15:25 PM

To:   Janice Champa/US/GM/GMC@GM
cc:
Subject:  Fwd: We'll Go Forward

Hi Mom,
I hope you got your package by now.  I found my receipt from the post
office the other day just in case I need it.  I attached a powerpoint
presentation a friend sent me.  It is pretty good. It takes a few
seconds to load up so be patient.  Let me know if you received you
package.  Eric

Eric Champa
Project Engineer
p 480-722-6267
f 480-722-4375
eric.champa@trw.com

Date: Tue, 16 Oct 2001 14:57:16 -0400
From: "Don Hanson" <Don.Hanson@trw.com>
To: "Amish Patel" <Amish.Patel@trw.com>,
     "Chris Ruf" <Chris.Ruf@trw.com>,
     "David Magoteaux" <David.Magoteaux@trw.com>,
     "Eric Champa" <Eric.Champa@trw.com>,
     "Eric McFarland" <Eric.Mcfarland@trw.com>,
     "Jon Freesmeier" <Jon.Freesmeier@trw.com>,
     "Lloyd Green" <Lloyd.Green@trw.com>,
     "Rich DeBolt" <Rich.Debolt@trw.com>
Subject: We'll Go Forward

 - We'llGoForward_1.pps


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/06/2000
04:04 PM ---------------------------

"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 12/05/2000 08:34:54 AM
To: pallen@enron.com
cc:
Subject:

Phillip,
       How are you and how is everyone? I sent you the rent roll #27 is
moving out and I wknow that I will be able to rent it real fast.All I HAVE
TO DO IN there is touch up the walls .Four adults will be moving in @130.00
a wk and 175.00 deposit they will be in by Thursday or Friday.
                                       Thank You , Lucy

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - rentroll_1201.xls


FYI
---------------------- Forwarded by Chris Germany/HOU/ECT on 01/19/2000 11:41
AM ---------------------------

	From:  Joan Veselack @ ENRON                           01/18/2000 09:29 AM

To: Chris Germany/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Robin
Barbe/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Sarah
Mulholland/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT
cc: Joann Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT,
vlamadr@enron.com, Katherine L Kelly/HOU/ECT@ECT
Subject: Agency Gas - Idle Transport on TCO

Noel Bartlo would talk to the Fuel Management Reps and work deals to use the
idle capacity. Listed below is what is currently idle.

Who     Contract # Rec Delivery Cap Idle
International Paper/Union Franklin 62076  A03 CGV1-34 755 755
International Paper/Union Franklin 62077  A03 CGV1-34 7400 7400
International Paper/Union Franklin 62077  A01 CGV1-34 7400 393
Aristech Chem    63895  Leach COH3-15 18500 18184
Bethlehem    no idle capacity (spot deals using it right now)
Allied Signal    no idle capacity
Alliance Tubular   no idle capacity

Since Enron is not using all of CES contracts, did not look at Columbia Gulf
(Mainline),

Fuel Management Reps for CES:
Fred Lombardo  Int Paper/Bethlehem Steel 724-873-1300
John Whited  Aristech Chem   724-873-1300
Lee Tippet  Allied Signal   614-481-1160

Before doing deals, please check with me to ensure this capacity is still
available.

Let me know if you need anything else.


We can continue the discussion in Tuesday's conference call, but I discussed
with Ben about the issues below, and here are some thoughts.  This is NOT a
complete approach, but only a starting point for discussion.

The main task is to build a pricing system for many names.
This has two components ---
1) How to price a single name?
 1.1) How to price a liquid single name?
 1.2) How to price an illiquid single name?
2) How to efficiently apply the methodology to multiple names?

The approach I would take for 1.1 is
a) Define a small set of liquid names
b) Apply each of the different models we have, say, the six models Ben has
mentioned below, to these names
c) Include market prices, if any, for these names
d) Sit with traders, get trader's intuition on where each liquid name should
price and note this on the spectrum of prices obtained in (b) and (c)
e) Try to determine attributes of the names that may explain the dispersion
of the trader prices across the models
f) Quantify these attributes, if possible
g) Try a different set of liquid names and repeat the process, and see if the
decisions in the last round still make sense

The approach for 1.2 may be
a) Define a small set of illiquid names
b) Apply each of the different models we have to these names
c) Sit with traders, get trader's intuition on where each illiquid name
should price and note this on the spectrum of prices obtained in (b)
d) Try to determine attributes of the names that may explain the dispersion
of the trader prices across the models
e) Check if these are similar to the attributes identified for liquid names
f)  Define a master set of liquid names
g) Look for relationships (by analyzing cross-section of data) between
attributes or prices of illiquid names to those of liquid names

Once a mapping has been defined for an illiquid name to a set of liquid names
and their attributes, then this mapping can be entered into a table, and the
pricing can be automated for all names (IN THEORY)!  The success will depend
on the success of the round-table sessions for the approaches for 1.1 and
1.2.

Building a new fundamental model is always a worthwhile task, but we can get
going with the above approaches immediately in parallel with developing any
new models that we may build.  New models can be added to the suite of
existing models. I do not believe there will ever be a single model that will
answer all questions for all names, but rather we can refine the mappings and
relative choices among models over time, which would mean continuing
round-table sessions with traders.  Limited data makes calibration very hard,
so I would continually ask the question "What do we calibrate?" throughout
the discussions for 1.1 and 1.2, and this may help guide us to new models.

Vasant

Benjamin Parsons
06/19/2000 04:11 AM
To: ECT London Credit Trading
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Amitava
Dhar/Corp/Enron@ENRON, Steven Leppard/LON/ECT@ECT, Grant Masson/HOU/ECT@ECT,
Dale Surbey/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT, Jitendra J
Patel/LON/ECT@ECT, Oliver Gaylard/LON/ECT@ECT
Subject: Pricing credit on thousands of names

All -

Our challenge for the next few months is to build an automated system to
provide differential pricing on thousands of credits [5,000 by year-end].
Most of these credits will be illiquid in terms of market price information,
making the challenge harder, and the end result more important in terms of
competitive pricing advantage. What we need is an overall strategy for how we
plan to achieve this from the quantitative perspective.

Currently we have several models for credit pricing either in use or under
development:
FMC Model (default probability approach). Using Bloomberg's Fair Market (par
yield) Curves, probabilities are generated from the risky-LIBOR, then
default/bankruptcy swap prices computed using expectation methodology.
FMC Model (credit spread approach). Using the FMCs, then directly taking the
LIBOR credit spread at each tenor, adjusting for basis and compounding
differences.
Bond Model (FMC approach). Taking the FMCs as benchmark curves, the model
regresses the input bonds (specific to a name) on the two best fitting
benchmarks. The result is a zero yield curve with the same shape as the FMCs,
but with the level tweaked for the specific issuer. Prices are then generated
using both spread and probability approaches. Under testing.
Bond Model (spline approach). Taking only the bonds specific to an issuer,
the model fits an exponential cubic spline to the zero-coupon price curve,
then builds a zero yield curve from this. Under testing.
Market Prices. For certain liquid names, or sectors/ratings, CDS market
prices are used, then recovery and event discount used to get bankruptcy swap
prices.
KMV. Using Expected Default Frequencies (EDFs) from the KMV model and
database, we will build a model to price default swaps, making appropriate
risk adjustments. KMV is being installed now, so model will be worked on next.

Each of these models returns a price (credit default and bankruptcy), and the
accuracy of the price depends on many factors - liquidity and regulatory
differences between bond and CDS markets, recovery assumptions, risk premia,
capital charges, etc. The aim will be to accurately price as many liquid
names as possible, based upon these models, then use these prices, alongside
other financial information, as the backbone to a full automated pricing
system.

Our inputs to the proposed pricing system for a specific name are model and
market prices for all issuers, alongside name-specific 'soft' data from
credit reports and financial statements. If the credit is liquid enough, a
price will be generated from their own information only. Otherwise, the
credit will be mapped onto a subset of liquid credits, with financial
information and historical price movements providing the mapping and weights.
The model price will then be periodically adjusted to align itself with
market (or trader) prices, and this adjustment will feed back into the
weighting and mapping composition. In loose terms, we could think of the
system price for an illiquid credit as being a weighted average of liquid
market prices (bonds, equities, default swaps), where the weightings are
calibrated using credit analysis, financial ratios, etc.

The key steps to implementing such a system will be:
Establishing what exactly we want to 'predict' - is it a price, a rating, a
probability, or a score? We will need a clean market history to calibrate to,
which we only really have for ratings. We will then need to develop a mapping
from rating/score to price.
Getting and cleaning the historical financial and credit data required to
calibrate the model.
Building the mechanics of the model, ie, the calibration methodology. Neural
nets/fuzzy logic seem the obvious candidates, but which exact methods and
software packages to use?
Determining an automated methodology for mapping names with limited
information into the model.
Getting the "true" market price, in order to feed back an error. At present
such a price exists for very few credits.
Allocating resources to the development. McKinsey claimed such a system would
take 6-10 man-months to develop.

Further ideas or comments are requested, as we need to develop our strategy
asap. The model description above is fairly vague, as we don't yet have the
knowledge needed to fill in the specific details. Further help will be
especially required on this if we are to continue to move at 'internet speed'.

Regards

Ben


The call below is confirmed for 3pm CST; 6pm SP/Rio.
We understand Derrick is not available.

 -----Original Message-----
From:  Cerisoli, Federico
Sent: Thursday, March 22, 2001 8:33 PM
To: Hughes, James A.; Derrick Jr., James; Haedicke, Mark; McDonald, Rebecca;
Weidler, Peter
Cc: Daniels, Eddy; Landivar, Erwin; Rangel, Rafael; Novak, John
Subject: TBS briefing session - March 23rd
Importance: High

Please find below the dial-in numbers for tomorrow's conference call in
preparation for next week's formal board meeting:

Topic: Briefing re: TBS from Fede Cerisoli for Enron's board members
Date: March 23rd
Time: 1h00pm or 3:00 pm Houston Time
              4h00pm or 6:00 pm S?o Paulo/Rio de Janeiro Time
Host: Eddy Daniels  (Fede Cerisoli)

Dial In Numbers:
International:  847 619 8039
Domestic:  800  991 9019
Participant Code:  667 22 85#

To facilitate the discussion during the call, I'm enclosing the following
material:

Draft of the Board Meeting presentation.

A summary/diagram of the project's supply agreements.

A diagram of the Yabog pipeline to assist us during the briefing on the
TBS-Andina capacity release transaction.

Thank you very much.

From: Eddy Daniels on 03/22/2001 07:21 AM CST
To: James A Hughes/Enron@EnronXGate, James Derrick/Enron@EnronXGate, Mark E
Haedicke/HOU/ECT@ECT, Rebecca McDonald/Enron@EnronXGate
cc: Federico Cerisoli/SA/Enron@Enron, Erwin Landivar/SA/Enron@Enron, Gabriela
Aguilar/SA/Enron@Enron, John Novak/SA/Enron@Enron
Subject: Re: Notice of Meeting of Directors of TBS on March 28, 2001

I thought it might be helpful to provide a little background on the reasons
for the March 28 board meeting.  By tomorrow morning, Federico and his team
will distribute talking points with details of the various matters listed on
the agenda.  If you would find it useful, Federico and I are available for an
informational conference-call in preparation for the board meeting which
could be held on Friday, March 23, either at 3 pm Houston time, or at 1pm
Houston time.  Please let us know of your preference.

TBS is a Cayman company whose principal purpose is to facilitate the supply
of gas to the Cuiaba power plant in Brazil.  It is essentially a service
company and its only assets are contractual rights related to the gas supply
and transportation agreements.  Enron owns 72.5%, and Shell owns 27.5%.
Until now, the board has consisted of only Enron designees.  Shell has had a
right to designate a board member since late 1998, and has recently
designated Dr. Johannes Walzebuck as their designee for TBS (and to serve on
other boards related to Cuiaba).   Until now, the board functioned largely by
unanimous written resolutions.

Shell is also minority shareholder of the asset-owning entities related to
the Cuiaba project:  EPE (power plant co.), GasMat (Brazilian side of
pipeline spur) and GasBol (Bolivian side of pipeline spur).  Pursuant to
various agreements,  Shell is obligated to fund its proportional share of the
capital expenditures required to develop the project.  Essentially, the
agreements require that the parties consult from time to time to determine an
"Agreed Budget."  The project companies make monthly cash calls per the
Agreed Budgets and the shareholders then fund the cash requirements.  Due to
various construction problems and delays, the main project entities (EPE,
GasMat & GasBol) have seen significant increases in the proposed Agreed
Budgets.  The once friendly operating relationship between Shell and the
project companies has turned cold, with Shell insisting on strict observance
of contractual formalities, objecting to proposed increases to the Agreed
Budgets pending further consultations, and defaulting on nearly $13 MM of
cash calls in the past few weeks. Rebecca McDonald and Pete Weidler have
become personally involved in discussions with senior representatives of
Shell to resolve the problems.

It is these tensions with Shell that have led to us call for a live TBS board
meeting instead of the more usual action by written resolutions.  We expect
that Shell may vote against approving the budgets, even though TBS's budget
is quite small and has not increased beyond the level approved by Shell
previously.  While Shell has a contractual right to object to increases (at
EPE, GasMat & GasBol) and to decline to participate in further funding
(leading to their  dilution), they have no right to refuse to fund the
obligations to which they have already agreed.  The board still can approve
the budgets it deems necessary, thus giving TBS's managers corporate
authority to continue operations under the budgets. Shell remains obligated
to fund its proportionate share of the Agreed Budget for TBS, notwithstanding
any potential vote against the budget.

It is quite possible that Shell will not raise unnecessary obstacles in the
TBS board meeting given the relatively small amounts at stake (less than $1
million).  Their real concerns lie in the asset owning companies.  However,
we must be prepared for potential noncooperation.

As indicated, I understand that an informative presentation will be
distributed to you late this evening and TBS's management will be available
to answer your questions Friday afternoon.   If I can be of further
assistance, please let me know.

Best Regards,

Eddy Daniels

	Eddy Daniels 03/20/2001 05:18 PM 	  To: Johannes.Walzebuck@shell.com.br, James
Derrick/Enron@EnronXGate, Mark E Haedicke/HOU/ECT@ECT, Rebecca
McDonald/Enron@EnronXGate, James A Hughes/Enron@EnronXGate  cc: Federico
Cerisoli/SA/Enron@Enron, Nancy Muchmore/NA/Enron@Enron, Denise
Almoina/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, pnazro@velaw.com  Subject:
Notice of Meeting of Directors of TBS on March 28, 2001

Please find attached a notice of a board of directors meeting for Transborder
Gas Services Ltd. for next Weds., March 28, 2001.  The meeting will be held
immediately after presentations to the shareholders' representatives (Enron &
Shell ) in Cuiaba, Brazil and will start at 11:00 am local time (9am Houston
time).  There will be a telephone call-in number for board members who can
not attend in person which will circulate later this week.

Regards,

Eddy Daniels


Gerald - the below attachments represent  all the correspondence that Bison
has sent Barbara DIllard.  The relevant documents are BisonPAgree.doc and
BisonPA.doc.  These two documents represent the Precedent Agreement and "side
letter" that more or less changes the P.A. from a binding agreement to a 30
day option upon notice from Border.  Please review ASAP.  The deadline is
next week Thursday.  FYI - Border has informed me that all participants in
the open season will sign the P.A.  Therefore, they will not accept changes
(or so they say!).

I'll call you on Tuesday.

Chris
x31666

---------------------- Forwarded by Chris Meyer/HOU/ECT on 02/16/2001 07:15
AM ---------------------------

Linda Iske@ENRON
02/15/2001 02:49 PM
To: Chris Meyer/HOU/ECT@ECT
cc: Mitch Meyer/NPNG/Enron@ENRON
Subject: Bison

Bison Open Season letters and agreements are attached.  Hard copies to follow.


SCE and PG&E have raised these questions.  The questions came up at a meeting with the utilities on Oct 2 and again on OCt 25 -- SCE went so far as to say that in a response filed last week, I believe. The questions arise because, once you have a date cutting off direct access -- what can be allowed thereafter and what can't?  Once DA, always DA? (we say) What consitutes a written DA "contract".  (the utilities ask) You'd think the utilities would have better things to spend their time on.  Actually, SCE most likely benefits (pays off its debts sooner) if it can capture more customers. These are similar to issues Commissioner Wood is investigating and may result in a decision along those lines that goes to the Commission for a vote.  We are opposing as are 95% of the customer groups.  A pre-hearing conf is being held at 2 pm today with Wood's friendly ALJ to talk further about these type of issues.  I will keep you apprised.

Sue

 -----Original Message-----
From: 	Smith, Mike
Sent:	Wednesday, November 07, 2001 9:47 AM
To:	Dasovich, Jeff; Mara, Susan; Steffes, James D.
Cc:	Frazier, Lamar; Blachman, Jeremy
Subject:	CA Extenstions/Amendments

I heard that the CPUC and/or the utilities have taken the position that any amendment to a contract after 9/20, like a pricing amendment, is a new contract entered after 9/20 and therefore invalid.  Is this true?  Does this hold any water?


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Expedia terms of use:
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This email was sent to:  sscott5@enron.com


Enclosed you will please find our SEC 13-F filing for the quarter ending
3/31/2001.  This submission is due on 5/15/2001.  We have also included the
overview of 13-F filing requirements for your reference, if desired.

If you have any questions please feel free to give me, 3-3210, or Theresa
Brogan, 3-1439, a call.

Thanks,
Sheila


Attached are the EOL / Credit approvals for 11/01/00 with GCP adjustments
highlighted in red.

Rgds.

Samuel x3-9890
(GCP_ENA)

Bradley Diebner
11/01/2000 04:35 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Cynthia
Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global
Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT
cc:
Subject: EOL 11/01/00

Here are the approvals for 11/01/00

Regards,
bd


I've taken a quick look at the bill and have attached for easy viewing.  Few
questions.

Mike,
I understand from our conversation yesterday that your following this on
behalf of Questar.  Do we know if the other pipelines have been active in any
discussions on this bill?
What about the generators?  Have then been involved, since presumably, their
in need of lots more capacity (and they're referenced in the bill)?
What about large customers?  They been screaming for more infrastructure,
too, and many have blamed SoCalGas (and the PUC) for not delivering it.
Do we know if pipelines, generators, large customers are supporting or
opposing the bill?  I'll try to check around, too, in between the electric
mayhem.
There doesn't seem to be anything in the bill that prevents the interstates
from building into the state.
If that's true, wouldn't the PUC take those projects into account when doing
its analysis and only require the utility to construct (and noncore to take)
capacity that isn't already being met by others (i.e., interstates) bringing
pipe into the state?

Any info you can provide on these fronts would be very useful.  Don't want
Enron too far out in front of opposition until we find out a bit more
regarding 1) whose fer and agin it and 2) analysis of what the bill actually
does/does not do.

Thanks again for the heads up.

Best,
Jeff

	James D Steffes
	07/17/2001 07:43 AM

		 To: Harry Kingerski/Enron@EnronXGate
		 cc: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron, Paul
Kaufman/Enron@EnronXGate
		 Subject: AB 23XX Bad Bill Alert

Harry --

Can you track down this bill and determine impact?  We'll discuss on Thursday.

Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 07/17/2001
07:43 AM ---------------------------

MDay <MDay@GMSSR.com> on 07/16/2001 06:03:33 PM
To: "'Bev Hansen, Enron lobbyist'" <bhansen@lhom.com>, "'Hedy Govenar, Enron
Sacto lobbyist'" <hgovenar@govadv.com>, "'Scott Govenar, Enron lobbyist'"
<sgovenar@govadv.com>, "'Harry Kingerski'" <hkingers@enron.com>, "'Jim
Steffes, Enron'" <jsteffe@enron.com>
cc:

Subject: AB 23XX   Bad Bill Alert

Is AB 23XX moving with a chance of passage?   I just learned that this
Pescetti bill that was AB 1425 was revived as a 2X bill.  It is very
anti-competitive, and could hurt a number of TW, EES, or ENA gas deals by
binding customers to 100% utility service through the imposition of large
exit fees by the CPUC.  If there is a chance that it moves, we need to
discuss the effect of this bill.  Mike Day

http://info.sen.ca.gov/pub/bill/asm/ab_0001-0050/abx2_23_bill_20010625_amend
ed_sen.pdf


Jeff,

It was a pleasure meeting you this past friday.  I hope we get to talk
some more and exchange ideas about B2B.  As per our conversation, here's
the MRD.  Please keep it confidential.

Thanks,
Louis-Philippe Lalonde
650.678.8236
 - MRDVersion2.0.doc