For some reason your name did not get picked up.
Peggy
---------------------- Forwarded by Peggy Mahoney/HOU/EES on 04/28/2001 05:24
PM ---------------------------

Peggy Mahoney
04/28/2001 05:23 PM
To: Mark Koenig/Corp/Enron@ENRON, Paula Rieker/Enron@EnronXGate, Elizabeth
Ivers/Enron@EnronXGate
cc: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON
Subject: RE: University of California/California State University

FYI.  I will forward draft media responses (win or lose) either Sunday night
or Monday
morning.  A win would mean we do not have to continue the process of
returning the
campuses to our service -  as the judge ordered us to do.  A loss would mean
that we
must continue returning the campuses to our service and therefore we would
once again
be responsible for buying the campuses' power on the open market.   In either
case,
we maintain the right to continue the appeal process, and legal will decide
whether or
not it is appropriate to continue that process after the appeals court
decision.

Legal does not expect to hear the ruling until Tuesday morning, but there is
a chance we
could hear something Monday afternoon.

Peggy

t---------------------- Forwarded by Peggy Mahoney/HOU/EES on 04/28/2001
05:07 PM ---------------------------
From: Robert C Williams/ENRON@enronXgate on 04/27/2001 03:12 PM
To: Robert C Williams/ENRON@enronXgate, James Derrick/ENRON@enronXgate, Mark
E Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, David W
Delainey/HOU/EES@EES, Dan Leff/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT
cc: Vicki Sharp/HOU/EES@EES
Subject: RE: University of California/California State University

Correction:  the time of the argument is 1:00 CST.

 -----Original Message-----
From:  Williams, Robert C.
Sent: Friday, April 27, 2001 2:56 PM
To: Derrick Jr., James; Haedicke, Mark; Sanders, Richard; Delainey, David;
Leff, Dan; Mahoney, Peggy; Sunde, Marty; Whalley, Greg
Cc: Sharp, Vicki
Subject: University of California/California State University

The Ninth Circuit Court of Appeals has scheduled an oral argument on Monday
12:00 CST on our request for a stay of the district court's order granting
the Universities' motion for a preliminary injunction.  The argument will be
by telephone, and will be heard by a three-judge panel.  Mike Smith, Dennis
Benevides, and I will be with counsel during the argument.  Please contact me
with any questions (ext. 646-6412; cell 281-414-0364).


Sorry, I arrive on Continental 1505 at 7:31 p.m. and I leave on Sunday at
11:30 p.m. on Continental.


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 04/06/2001 01:52 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	04/06/2001 01:50 PM

		 To: Eric Thode/Corp/Enron@ENRON
		 cc: Elizabeth Ivers/NA/Enron@ENRON, James D Steffes/NA/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Michael
Tribolet/ENRON@enronXgate, Paula Rieker/Corp/Enron@ENRON, Richard
Shapiro/NA/Enron@ENRON, Rick Buy/Enron@EnronXGate, Sandra
McCubbin/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT,
Tracy Ngo/PDX/ECT@ECT, Vance Meyer/NA/Enron@ENRON
		 Subject: Re: Response Statement to PG&E's Ch. 11 Filing

FYI, I've faxed PG&E's filing to Rick Shapiro.  If others don't have it and
want it, let me know and I'll fax it.  The filing's brief--about 10
pages--with more detail apparently to be filed.  It lists the top 20
creditors.  The only ENE listing in the filing is ENE Canada at $28M.

The other thing that Governor and his PUC could have done many months ago was
realign rates to more accurately reflect the real cost of power.  That
arguably was a key determinant driving PG&E to Bankruptcy.

Jeff

	Eric Thode
	04/06/2001 01:37 PM

		 To: Karen Denne/Corp/Enron@ENRON
		 cc: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Vance
Meyer/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mark
Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Elizabeth
Ivers/NA/Enron@Enron, Rick Buy/Enron@EnronXGate, Tracy Ngo/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Michael Tribolet/ENRON@enronXgate, Susan J
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON
		 Subject: Re: Response Statement to PG&E's Ch. 11 Filing

I have returned a call to Gary Gentile from the AP.  I gave him this
statement and refused further comments on other issues, which included 1)
"what is Enron's actual exposure?", 2) "what was Enron's opinion of Gov.
Davis' speech last night?", and 3) "was this PG&E's only option?"  I did
respond to one follow-up question, which was "what options were available
months ago?"  My answer included the following 1) demand side solutions, 2)
allowing long-term contracting for power supplies, and 3) expediting the
siting process for new supplies.

Eric

Karen Denne
04/06/2001 01:17 PM
To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Vance
Meyer/NA/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula
Rieker/Corp/Enron@ENRON, Elizabeth Ivers/NA/Enron@Enron, Rick Buy/HOU/ECT,
Tracy Ngo/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Michael Tribolet/Corp/Enron,
Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON
cc: Karen Denne/Corp/Enron@ENRON

Subject: Response Statement to PG&E's Ch. 11 Filing

It's unfortunate that the state's largest utility was forced to turn to the
courts for a resolution.  Solutions to the state's energy crisis have been
available for months that would have avoided this scenario, but Gov. Davis
and the Legislature lacked the bold leadership to take swift, decisive
action.

Enron's exposure to PG&E will not have any material effect on earnings or on
our financial condition.

If pressed:  Any further comment would be speculative, as we have not yet
seen the filing.


Chris,  Attached is the form of CA for Power Engineers, Inc.  Let  me know if
you have any qeustions.


why do you say that

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 2:16 PM
To:	Maggi, Mike
Subject:	RE:

not poor me!  tonight should be a lot of fun!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 2:14 PM
To:	Nelson, Michelle
Subject:	RE:

poor ypu

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 2:14 PM
To:	Maggi, Mike
Subject:	RE:

i looked really pretty the next day.  my dad told me that i looked sick.  whatever

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 2:13 PM
To:	Nelson, Michelle
Subject:	RE:

thats sad

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 2:03 PM
To:	Maggi, Mike
Subject:	RE:

not really, i think that she just felt too sorry for me to say anything.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 2:01 PM
To:	Nelson, Michelle
Subject:	RE:

did your mom have any insight

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:57 PM
To:	Maggi, Mike
Subject:	RE:

well so did i and i told him that, but he refused so whatever

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:57 PM
To:	Nelson, Michelle
Subject:	RE:

i think that you guys should go talk to somebody

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:54 PM
To:	Maggi, Mike
Subject:	RE:

just about what i wanted to do with me life and kids and how i treat him.  basically i guess that i suck as a wife.  i don't like his family etc when they are the ones who treat me like crap.  he just bitched at me about everything.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:52 PM
To:	Nelson, Michelle
Subject:	RE:

can you tell me what kind of things he said

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:52 PM
To:	Maggi, Mike
Subject:	RE:

talk to wade.  i refuse to live how we are living.  i still can't believe some of the things that he said to me on saturday.  i just want to know where he stands i guess.  ofcourse, my mom thinks that i am a psycho now!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:49 PM
To:	Nelson, Michelle
Subject:	RE:

friday morning, I cant wait, what do you mean figure out your life

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:48 PM
To:	Maggi, Mike
Subject:	RE:

nothing really.  just sitting here.  i guess trying to figure out my life??!!!  :)  how about you?  when are you leaving for skiing?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:45 PM
To:	Nelson, Michelle
Subject:	RE:

i know and its really depressing at first until you start to see results, im going to be really sore for skiing, anyway what do you have going on this week

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:43 PM
To:	Maggi, Mike
Subject:	RE:

i am running mtm's for george.  BORING!!!  we just got back about 15 minutes ago.  you will get there.  it takes time and it is not fun!  :)

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, January 07, 2002 1:42 PM
To:	Nelson, Michelle
Subject:	RE:

my work out was ok, im so damn out of shape but im committed to go every day now, i want to lose 20 pounds by march 1, anyway, i went to barnabys with john sandra, and andy, what are you doing

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, January 07, 2002 1:22 PM
To:	Maggi, Mike
Subject:

i think that we just saw you driving.  did you leave for lunch?  how was your workout?


Jeff:
Man is looking for money again to hold them over for yearend.  Who do I need
to talk to?
john


Join us in welcoming ENA's new employees to the Portland office!

We will be meeting at 6:00pm in the Hawthorne Room at the Heathman Hotel. Hors d'oeuvres will be available, and dinner will be served shortly after the guests arrive.

The hotel is located at 1001 SW Broadway at Salmon Street, 6 blocks from the office--feel free to carpool or walk as a group!

Please let me know if there are any changes to your availability. Otherwise, I look forward to seeing you there!

Thanks,
Grace
x8321


This is the press notice on the vote taken today at the FERC on the
California bulk market investigation.


Kay -- The attached notes look like they would be used for member loans to
Enovate under the LLC Agmt (i.e., loans for capital expenditures and other
purposes not covered by the credit facilities provided under the Credit
Agreements).   (As you'll see when you review the attachments, those notes
are non-interest bearing demand notes.)

Re:  the attached form of note -- it should work for purposes of member loans
under the LLC Agmt, but you will need to decide how the LLC Agmt loans and
the Credit Agreement's revolving loans "work" together ... i.e., can the LLC
Agmt loans be paid from cash flow that would otherwise go to pay down the
revolvers, and will they be subordinated to the revolvers?

Heather

>>> <Kay.Mann@enron.com> 10/16/00 01:51PM >>>
I haven't looked at this yet...

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/16/2000 01:51
PM ---------------------------

(Embedded
image moved
to file:      From:  Gregg Penman
pic22646.pcx) 10/16/2000 11:48 AM

To:   Kay Mann/Corp/Enron@Enron
cc:

Subject:  FW: Form of Note for enovate, L.L.C.

Kay - John Nassos prepared the following form of promissory note for loans
to enovate.  Can this substitute for Bracewell's promisorry note?  Let me
know what you think.

Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 10/16/2000
11:45 AM ---------------------------

j.burns@pecorp.com on 10/16/2000 10:18:38 AM

To:   Paul.Burgener@enron.com, Gregg.Penman@enron.com
cc:
Subject:  FW: Form of Note for enovate, L.L.C.

FYI and comments.  The attached would be issued for funding short-term
needs
of enovate.  Thanks

JAB

> ----------
> From:   Nassos, John G.
> Sent:   Monday, October 16, 2000 10:15 AM
> To:     Burns, Jim
> Subject:     Form of Note for enovate, L.L.C.
>
> Attached pursuant to your request is a form of promissory note for member
> loans to enovate, L.L.C.  Of course, Enron needs to review it and approve
> of the form as well.  As we discussed, the note is set up as a demand
note
> that does not bear interest.
>
> Please call if you have any questions (ext. 4413).
>
>  <<Promissory Notes - shell.doc>>
>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

(See attached file: Promissory Notes - shell.doc)


Thanks for the response, I will remind you on Monday.  Worse case I can do the behavioral, or one of the first rounders can stay over an extra day.  The interviews are two 30 min, back to back.  One on one.

Thank you sir and I will keep you posted.

Paul L.

 -----Original Message-----
From: 	Shankman, Jeffrey A.
Sent:	Saturday, October 27, 2001 12:40 PM
To:	Lebeau, Paul
Subject:	RE: Any Suggestions?

If the interviews are 2 on one, then I'm ok with only one interviewer.  Remind me to look around on monday.

 -----Original Message-----
From: 	Lebeau, Paul
Sent:	Friday, October 26, 2001 6:04 PM
To:	Shankman, Jeffrey A.
Cc:	Marvin, Michele Nezi
Subject:	Any Suggestions?

Hello Jeff,

Kevin McGowan has cancelled as second day interviewer at Wharton.  I was wondering if you had anyone that could spare us time or anyone in mind I could contact?

Thanks for the help.

Paul L.


Wednesday February 6, 1:41 pm Eastern Time
BusinessWeek Online
DAILY BRIEFING -- Can UBS Tame Enron's Wild Traders?
Daily Briefing: NEWS ANALYSIS
By Emily Thornton in New York, David Fairlamb in Zurich, and Stephanie Anderson Forest in Dallas
Back in November, Dynegy (NYSE:DYN <http://finance.yahoo.com/q?s=dyn&d=t> - news <http://biz.yahoo.com/n/d/dyn.html>) had what sounded like a great idea: Buy Enron's flagship trading business in natural gas and electricity, and immediately become the dominant force in those markets. Dynegy fled when Enron started to collapse under an avalanche of scandal. Now, Zurich [Switzerland]-based UBS Warburg (NYSE:UBS <http://finance.yahoo.com/q?s=ubs&d=t> - news <http://biz.yahoo.com/n/u/ubs.html>) is making the same bet, albeit for a lot less money.
The question now: Will the conservative bank be able to impose Swiss order on the rogue Texas company's traders? On one level, the deal doesn't seem completely farfetched. Enron's gas and electricity trading actually seems to have made money. Other bankers who checked it out estimate the trading operations racked up $3 billion in pretax profits over the past two years [see BW, 2/11/02, ``Enron: How Good an Energy Trader?''].
Still, UBS had good reason to go for a deal that gave it 67% of future pretax profits for a pledge only to pay the salaries of 625 Enron employees. Obviously, the Enron name is mud, and getting people to trade with the company will be difficult enough. But managing Enron's swaggering traders -- its core asset -- could turn out to be even harder.
CULTURE CLASH. Enron may be on its last legs, but its masters-of-the-universe culture lives on, say insiders. ``Even after going down in flames, a lot of these people have undiminished confidence in their ability,'' says a former Enron trader who asked not to be named. Competitors doubt that people who earned as much as $1 million a year in the freewheeling, high-risk Enron culture will be grateful to become a small piece of UBS's massive fixed-income business.
Although many have signed contracts with UBS that prevent them from leaving Enron for an undisclosed period, ``they're all exploring their options,'' says one banker privately. Indeed, some traders are talking about trying to buy the trading unit back from UBS after it gets going again. UBS says it's not worried about rogue traders. ``We're confident in the people we have hired,'' says Michael Hutchins, global co-head of credit fixed income at UBS Warburg.
For the scheme to work, however, UBS must persuade Enron's traders to accept its risk-management practices. And that will be tough: One reason Enron's traders made so much is that they took big risks. Analysts estimate that Enron was willing to put as much as $66 million at risk on a trade, vs. $12.2 million at Dynegy or $16 million at Duke Energy. UBS Warburg is willing to put up to $131 million at risk in all of its deals with a single trading partner, but insiders says its energy traders won't be allowed to risk ``anything like that'' on a single trade. UBS'ers abide by tighter controls than at Enron.
``SMOOTHING ELEMENT.'' UBS officials insist that they have no rosy delusions about the investment. That's partly because they had been researching the energy-trading business for more than a year as a way of diversifying the bank's trading income. ``Earnings in the energy-trading business do not depend on developments in the capital markets, so they could work as a smoothing element,'' says UBS President Peter A. Wuffli.
That's in fact what motivated UBS to send a small team down to Houston when Enron put the business up for sale after the bankruptcy filing. Even after federal antitrust authorities give the final go-ahead, the Swiss bank says it plans to take things slowly. ``We don't know how quickly this is going to start up,'' says UBS CEO John Costas. ``We'd be happy in the first year if this business is half as big as it had been historically.''
Still, anything associated with Enron is arguably fraught with risk at any price. ``It's not clear how successful UBS is going to be,'' says Jeff Dietert, an analyst at investment bank Simmons & Co. in Houston. ``And I think UBS knows that. That's why it wasn't willing to pay anything up front.''
Some industry insiders doubt that Enron's traders will prove to be exceptional under the new rules. But UBS isn't about to change its own way of doing business. ``Entering into energy trading does not mean extending our appetite for risk,'' says Wuffli. Swiss family Enron? Don't bet the chalet on it.
Go to www.businessweek.com <http://rd.yahoo.com/finance/editorial/bizwk/*http://www.businessweek.com> to see all of our latest stories.


Use Audrey as your contact now.  Her number is 713-853-4317.

esimien@columbiaenergygroup.com on 11/15/2000 07:44:42 AM
To: " - *chris.germany@enron.com" <chris.germany@enron.com>
cc:
Subject: Jeff Westover

Hi Chris,

Who has replace Jeff and what is their phone number?

Thanks


FYI, Kim.

-----Original Message-----
From: Jodi Starley [mailto:JodiS@questar.com]
Sent: Wednesday, October 24, 2001 1:00 PM
To: Watson, Kimberly
Subject: Data Room Info

I have attached the list in Word format.  I'll call you later this afternoon - as soon as I talk to Ned.  Thanks.


Linda and I are following the PTC for Corp. out of DC.  Ed Coats in Enron Corporate Tax leads from Houston.  We have a Bracewell Patterson attorney in DC retained to support our corporate tax efforts on Capitol Hill.

Enron Wind also has a lobbyist dedicated 24/7 to this effort.

	Mark Metts/Enron@EnronXGate 07/02/2001 10:40 AM 	   To: Chris Long/Corp/Enron@ENRON  cc: Steven J Kean/NA/Enron@Enron  Subject: RE: Wind Production Tax Credit (PTC)

Chris,

Thanks very much for the prompt reply.  This is exactly what I needed.  Who is working this in-house?  Do we have any outside resources devoted to it?

Mark

 -----Original Message-----
From: 	Long, Chris
Sent:	Monday, July 02, 2001 8:45 AM
To:	Metts, Mark
Cc:	Kean, Steven; Robertson, Linda; Decker, Larry; Fisher, Dolores
Subject:	Wind Production Tax Credit (PTC)

Mark - I left a voice mail on your cell.

The Wind Production Tax Credit expires on December 31, 2001.   The PTC will be extended.   There is significant bipartisan support for the PTC, the revenue number is reasonable, and renewables are a key component of the energy debate.

The question is when and how.  Two likely scenarios are:

1)  As part of the Energy Bill.  The House Ways and Means Committee will mark-up the tax portions of the energy bill in mid-July.  We understand that Chairman Thomas is committed to including the PTC as part of the Ways and Means bill.  The Senate Finance Committee has not scheduled a mark-up.  While the energy bill will be debated during July, final action will likely not occur until after the August recess.   In this scenario, look to September at the earliest.

2)  There are 10 provisions, including the PTC,  in the IRC that expire by December 31, 2001.   Historically, Congress approves an "extenders" package late in the session to keep the tax credits functioning.   While no one can predict when Congress will adjourn, they are set to adjourn in early October.  In this scenario, the PTC would be extended in late September at the earliest.

Mark, this is Congress, so anything can change.

Call me with any questions at (202) 466-9158.


Start Date: 1/24/02; HourAhead hour: 23;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012423.txt


January 12, 2001

     Teco Tap       30.000 / Enron

January 13, 2001

     Teco Tap       30.000 / Enron

January 14, 2001

     Teco Tap       30.000 / Enron


Rick,
Let's have this meeting today/tonight.

Ray
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Vince,
?
Hope you are well.
?
We spoke a while ago about who should write the preface for the book, and
you kindly offered that you would provide this.? Is this still  possible?? We
realise that you are extremely busy, so Chris and Les went  ahead and wrote
something, which is below, and if you want to review, change or  re-write?the
preface, that would be very appreciated.? Let me know  what your thoughts are.
?
Thanks,
Julie
(we're getting close)
?
?

Preface

?

?

?

One of our main objectives in  writing Energy Derivatives: Pricing and Risk
Management has been to bring  together as many of the various approaches for
the pricing and risk management  energy derivatives as possible, to discuss
in-depth the models, and to show how  they relate to each other.? In this
way we hope to help the reader to analyse the different models, price a wide
range of energy derivatives, or to build a risk management system which uses
a  consistent modelling framework.? We  believe that for practitioners this
last point is very important and we continue  to stress in our articles and
presentations the dangers of having flawed risk  management and giving
arbitrage opportunities to your competitors by using  ad-hoc and inconsistent
models for different instruments and markets (see also OTHERS WHO PROPOSE
CONSISTENT  MODELS?).? However, it is not  our wish to concentrate on one
particular model or models, at the exclusion of  the others because we
believe that the choice should rest with the user  (although it will probably
be clear from our discussions the model(s) we  prefer).? We therefore try and
give  as clear account as possible of the advantage and disadvantages of all
the  models so that the reader can make an informed choice as to the models
which  best suit their needs.

?

In order to meet our objectives the  book is divided into 11 chapters.?  In
chapter 1 we give an overview of the fundamental principals needed to  model
and price energy derivatives which will underpin the remainder of the  book.?
In addition to introducing  the techniques that underlie the Black-Scholes
modelling framework we outline  the numerical techniques of trinomial trees
and Monte Carlo simulation for  derivative pricing, which are used throughout
the book.

?

In Chapter 2 we discuss the  analysis of spot energy prices.? As  well as
analysing empirical price movements we propose a number of processes  that
can be used to model the prices.?  We look at the well-know process of
Geometric Brownian Motion as well as  mean reversion, stochastic volatility
and jump processes, discussing each and  showing how they can be simulated
and their parameters estimated.

?

Chapter 3, written by Vince  Kaminski, Grant Masson and Ronnie Chahal of
Enron Corp., discusses volatility  estimation in energy commodity markets.?
This chapter builds on the previous one.? It examines in detail the methods,
merits and pitfalls of the volatility estimation process assuming different
pricing models introduced in chapter 2.?  Examples from crude, gas, and
electricity markets are used to illustrate  the technical and interpretative
aspects of calculating volatility.

?

Chapter 4 examines forward curves  in the energy markets.? Although  such
curves are well understood and straight-forward in the most financial
markets, the difficulty of storage in many energy markets leads to less well
defined curves.? In this chapter we  describe forward price bounds for energy
prices and the building of forward  curves from market instruments.? We
outline the three main approaches which have been applied to building
forward  curves in energy markets; the arbitrage approach, the econometric
approach, and  deriving analytical values by modelling underlying stochastic
factors.

?

Chapter 5 presents an overview of  structures found in the energy derivative
markets and discusses their uses.? Examples of products analysed in this
chapter include a variety of swaps, caps, floors and collars, as well as
energy  swaptions, compound options, Asian options, barrier options, lookback
options,  and ladder options.

?

Chapter 6 investigates single and  multi-factor models of the energy spot
price and the pricing of some standard  energy derivatives.? Closed form
solutions for forward prices, forward volatilities, and European option
prices  both on the spot and forwards are derived and presented for all the
models in  this chapter including a three factor, stochastic convenience
yield and interest  rate model.

?

Chapter 7 shows how the prices of  path dependent and American style options
can be evaluated for the models in  Chapter 6.? Simulation schemes are
developed for the evaluation of European style options and applied to a
variety  of path dependent options.? In order  to price options which
incorporate early exercise opportunities, a trinomial  tree scheme is
developed.? This tree  is built to be consistent with the observed forward
curve and can be used to  price exotic as well as standard European and
American style options.

?

Chapter 8 describes a methodology  for valuing energy options based on
modelling the whole of the market observed  forward curve.? The approach
results  in a multi-factor model that is able to realistically capture the
evolution of a  wide range of energy forward curves.?  The user defined
volatility structures can be of an extremely general  form.? Closed-form
solutions are  developed for pricing standard European options, and efficient
Monte Carlo  schemes are presented for pricing exotic options.? The chapter
closes with a discussion of  the valuation of American style options.

?

Chapter 9 focuses on the risk  management of energy derivative positions.?
In this chapter we discuss the management of price risk for institutions
that trade options or other derivatives and who are then faced with the
problem  of managing the risk through time.?  We begin with delta hedging a
portfolio containing derivatives and look  at extensions to gamma hedging )
illustrating the techniques using both spot and  forward curve models.? The
general  model presented in Chapter 8 is ideally suited to multi-factor
hedging of a  portfolio of energy derivatives and this is also discussed.

?

Chapter 10 examines the key risk  management concept of Value at Risk (VaR)
applied to portfolios containing  energy derivative products.? After
discussing the concept of the measure, we look at how the key inputs
(volatilities, covariances, correlations, etc) can be estimated.? We then
compare the fours major  methodologies for computing VaR; Delta, Delta-gamma,
historical simulation and  Monte-Carlo simulation, applying each to the same
portfolio of energy  options.? In this chapter we also  look at testing the
VaR estimates for various underlying energy market  variables.

?

Finally, in Chapter 11 we review  modelling approaches to credit risk.?  We
look in detail at two quite different approaches, CreditMetrics (J. P. Morgan
(1997)) and  CreditRisk+ (Credit Suisse Financial  Products (1997)) for which
detailed information is publicly available.? Together these provide an
extensive set  of tools with which to measure credit risk.? We present
numerical examples of  applying these techniques to energy derivatives.

?
Before  we begin we stress that the models and methods we present in this
book are tools  which should be used with the benefit of an understanding of
how both the +tool,  and the market works.? The  techniques we describe are
certainly not &magic wands8 which can be waved at  data and risk management
problems to provide instant and perfect solutions.? To quote from the
RiskMetrics Technical  Document &( no amount of sophisticated analytics will
replace experience and  professional judgement in managing risk.8.?  However,
the right tools, correctly used make the job a lot  easier!


---------------------- Forwarded by Scott Neal/HOU/ECT on 08/23/2000 12:03 PM
---------------------------

John Griffith@ENRON
08/22/2000 06:23 PM
To: Jared Kaiser/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
cc:
Subject: API and API Crude, Distillate & Unleaded Stocks Graphs

---------------------- Forwarded by John Griffith/Corp/Enron on 08/22/2000
07:09 PM ---------------------------

SOblander@carrfut.com on 08/22/2000 05:55:24 PM
To: soblander@carrfut.com
cc:

Subject: API and API Crude, Distillate & Unleaded Stocks Graphs

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.  , 2000 Carr Futures

The charts are now in the most recent version of Adobe Acrobat 4.0 and they
should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat
Reader 4.0 may be downloaded for FREE from www.adobe.com.

(See attached file: UnleadedStocks.pdf)(See attached file: CrudeStocks.pdf)
(See attached file: HeatingOilStocks.pdf)(See attached file:
PADDIIstocksCL.pdf)(See attached file: PADDIstocksHO.pdf)(See attached
file: PADDIstocksHU.pdf)(See attached file: API.pdf)
 - UnleadedStocks.pdf
 - CrudeStocks.pdf
 - HeatingOilStocks.pdf
 - PADDIIstocksCL.pdf
 - PADDIstocksHO.pdf
 - PADDIstocksHU.pdf
 - API.pdf


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
08:15 AM ---------------------------

"FT.com" <ft.com.update@newsbyemail.ft.com> on 09/07/2000 10:16:40 AM
To: "FT.com Users":;
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: This month's business essentials

Dear FT.com user

** Contents **
1. Battle for the London Stock Exchange
2. FT Search for the best online news
3. US Elections
4. Exclusive Interviews with the FT - Patrick Stewart & Kevin Spacey
5. Financial basics explained
6. Who has the best broker research?

---------------------------------------
1. Battle for the London Stock Exchange
---------------------------------------
Keep up with the battle for the London Stock Exchange. For the
latest news and analysis, for background stories, to have your
say in online discussions and to get your questions answered:

http://markets.ft.com/stockex

------------------
2. News on the web
------------------

Hundreds of thousands of articles are written on the web's major
news sites every day.  But there's no need to go to them all to keep
abreast of the news you need.  FT.com provides access to 1,500 sites
and  presents the freshest headlines first.  Cut your own searching
to just one box - our search facility at the top right hand corner
of every FT.com page.

http://www.ft.com

---------------
3. US Elections
---------------
Gore's cabinet: Who would he pick?
http://people.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3A22SVRBC

-----------------------------------
4. Exclusive Interviews with the FT
-----------------------------------
X-man Patrick Stewart
http://people.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3SVW50CCC

American Beauty Kevin Spacey
http://people.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3NUDTZLCC

-----------------------------
5. Financial basics explained
-----------------------------
Got 5 minutes? Profit from our free multimedia tutorials!
In association with Wide Learning, we offer guidance on such topics as:
'What are shares and bonds?', 'Dividend yield and PE' and 'Investment
strategies'.

http://career.ft.com/CareerAdvisor/Skills/quicklearning/quicklearning_home.htm
l

------------------------------------
6. Who has the best broker research?
------------------------------------
Who's spotting the major trends and developments which can turn
equities into gold (or dust)?  Knowing brokers' expertise - by industry,
by company - isn't information limited just to the securities industry.
You have access to premier rankings from consultancy Tempest too at:

http://tempestdirect.ft.com/

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

Why not forward this e-mail to a friend or colleague who
may find this information useful?

If you no longer wish to receive further e-mails from FT.com,
please send an e-mail to: ft.com.unsubscribe@newsbyemail.ft.com
with the single word "unsubscribe" as the subject of the message.
Your name will then be removed from our mailing list.

If you have forgotten your password for FT.com, please visit:
http://registration.ft.com/registration/passwordLookup.jsp


continental.com Specials for peter keavey
Tuesday, November 27, 2001
****************************************

AIRTRAIN NEWARK NOW OPEN

Fast, safe, and dependable direct train service from Newark Airport to midtown Manhattan in less than 30 minutes.

Visit continental.com at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9.A
for more information.

TRAVEL UPDATES
Be sure to check continental.com at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9-A
before leaving for the airport. We're looking forward to welcoming you onboard!

****************************************
TABLE OF CONTENTS
1. This Week's Destinations
2. Continental Vacations Offers
3. Hilton Hotels & Resorts, Doubletree Hotels & Resorts, & Embassy Suites Hotels Offers
4. Alamo Rent A Car Offers
5. National Car Rental Offers

****************************************
1. THIS WEEK'S DESTINATIONS

Depart Saturday, December 1 and return on either Monday, December 3 or Tuesday, December 4, 2001. Please see the Terms and Conditions listed at the end of this e-mail.

For OnePass members, here are special opportunities to redeem miles for travel to the following destinations. As an additional benefit, OnePass Elite members can travel using the miles below as the only payment necessary. The following are this week's OnePass continental.com Specials.

To use your OnePass miles (as listed below) to purchase continental.com Specials, you must call 1-800-642-1617.

THERE WILL NOT BE AN ADDITIONAL $20 CHARGE WHEN REDEEMING ONEPASS MILES FOR CONTINENTAL.COM SPECIALS THROUGH THE TOLL FREE RESERVATIONS NUMBER.

If you are not using your OnePass miles, purchase continental.com Specials online until 11:59pm (CST) Friday at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9%2CA
You can also purchase continental.com Specials for an additional cost of $20 per ticket through our telephone service at 1-800-642-1617.

****************************************
TRAVEL MAY ORIGINATE IN EITHER CITY
****************************************

****Roundtrip BETWEEN NEW YORK/NEWARK and:

$29 + 12,500 Miles or $119 - Ft. Lauderdale, FL
$29 + 10,000 Miles or $109 - Hartford, CT
$29 + 10,000 Miles or $109 - Manchester, NH
$29 + 10,000 Miles or $109 - Providence, RI

********************************
2. CONTINENTAL VACATIONS OFFERS

5,000 OnePass Bonus Miles Just for Skiing!

Enjoy the best of Colorado's white powder during ski season. Book a ski package for 5 nights or longer and you can earn 5,000 OnePass Bonus Miles on Continental Airlines.

For more information about this exciting offer, visit:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9%2BA

****************************************
3. CONTINENTAL.COM SPECIALS FROM HILTON HOTELS AND RESORTS, DOUBLETREE
HOTELS AND RESORTS, AND EMBASSY SUITES HOTELS

The following rates are available December 1 - December 3, 2001 and are priced per night.
--------------------------------------
Fort Lauderdale, FL - Hilton Fort Lauderdale Airport, Dania, FL. - $119

Hartford, CT - Hilton Hartford, Hartford, CT. - $119

Manchester, NH - Hilton Dedham Place, Dedham, MA. - $79

Newark, NJ - Hilton Parsippany, Parsippany, NJ. - $89
Newark, NJ - Doubletree Club Suites Jersey City, Jersey City, NJ. - $159

New York, NY - Hilton New York, New York, NY. - $179/Night, 12/1-2

To book this week's special rates for Hilton Family Hotels, visit and book at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9*A
Special rates apply only for the dates listed at each hotel and are subject to availability. Check hilton.com for specific dates at each Hilton Family Hotel. Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to these rates.

********************************
4. CONTINENTAL.COM SPECIALS FROM ALAMO RENT A CAR

Rates listed below are valid on compact class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, December 1 with returns Monday, December 3 or Tuesday, December 4, 2001.
-------------------------------
$26 a day in:  Hartford, CT (BDL)
$26 a day in:  Newark, NJ (EWR)
$26 a day in:  Fort Lauderdale, FL (FLL)
$26 a day in:  Providence, RI (PVD)

To receive continental.com Specials discounted rates, simply make advance reservations and be sure to request ID # 596871 and Rate Code 33. Book your reservation online at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9%29A
or contact Alamo at 1-800 GO ALAMO.

*If you are traveling to a city or a different date that is not listed, Alamo offers great rates when you book online at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9%28A
For complete details on these offers, please refer to Alamo's terms and conditions below.

****************************************
6. CONTINENTAL.COM SPECIALS FROM NATIONAL CAR RENTAL

Rates listed below are valid on intermediate class vehicles at airport locations only. Other car types may be available. Rates are valid for rentals on Saturday, December 1 with returns Monday, December 3 or Tuesday, December 4, 2001.
------------------------------------------
$29 a day in:  Hartford, CT (BDL)
$29 a day in:  Newark, NJ (EWR)
$29 a day in:  Fort Lauderdale, FL (FLL)
$21 a day in:  Manchester, NH (MHT)

To receive continental.com Specials discounted rates, simply make your reservations in advance and be sure to request Product Code COOLUS. To make your reservation, contact National at 1-800-CAR-RENT (1-800-227-7368), or book your reservation online at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9%27A
Please enter COOLUS in the Product Rate Code field, and 5037126 in the Contract ID field to ensure you get these rates on these dates.

* If you are traveling to a city or a different date that is not listed, National offers great rates when you book online at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9%26A
For complete details on these offers, please refer to National's terms and conditions below.

****************************************
CONTINENTAL.COM SPECIALS RULES:
Fares include a $37.20 fuel surcharge.  Passenger Facility Charges, up to $18 depending on routing, are not included. Up to $2.75 per segment federal excise tax, as applicable, is not included.  Applicable International and or Canadian taxes and fees up to $108, varying by destination, are not included and may vary slightly depending on currency exchange rate at the time of purchase. For a complete listing of rules please visit:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9.%2FA

ALAMO RENT A CAR'S TERMS AND CONDITIONS:
Taxes (including VLF taxes up to US$1.89 per day in California and GST), other governmentally-authorized or imposed surcharges, license recoupment fees, fuel, additional driver fee, drop charges and optional items (such as CDW Waiver Savers(R) up to US$18.99 a day,) are extra. Renter must meet standard age, driver and credit requirements. Rates higher for drivers under age 25. Concession recoupment fees may add up to 14% to the rental rate at some on-airport locations. Up to 10.75% may be added to the rental rate if you rent at an off-airport location and exit on our shuttle bus. Weekly rates require a 5-day minimum rental or daily rates apply. For weekend rates, the vehicle must be picked up after 9 a.m. on Thursday and returned before midnight on Monday or higher daily rates apply. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. All vehicles must be returned to the country of origin. Offer not valid in San Jose, CA.

NATIONAL CAR RENTAL TERMS AND CONDITIONS:
Customer must provide Contract ID# at the time of reservation to be eligible for discounts. Offer valid at participating National locations in the US and Canada. Minimum rental age is 25. This offer is not valid with any other special discount or promotion. Standard rental qualifications apply. Subject to availability and blackout dates. Advance reservations required. Geographic driving restrictions may apply.

---------------------------------------
This e-mail message and its contents are copyrighted and are proprietary products of Continental Airlines, Inc. Any unauthorized use, reproduction, or transfer of the message or its content, in any medium, is strictly prohibited.

****************************************
If you need assistance please visit:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9..A
View our privacy policy at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9.-A

This e-mail was sent to: pkeavey@ect.enron.com
You registered with OnePass Number: WH845429

TO UNSUBSCRIBE:
We hope you will find continental.com Specials a valuable source of information. However, if you prefer not to take advantage of this opportunity, please let us know by visiting the continental.com Specials page on our web site at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9.%2BA

TO SUBSCRIBE:
Please visit the continental.com Specials page on our web site at:
http://continentalairlines.rsc01.net/servlet/cc3?%7C%7E1.%2C*9otz%7Eizf_z%7Ck1zqmpq1%7Cpr9K9.%2CA


Please respond to clint and jana
----- Original Message -----
From: <Ducharmeck@aol.com>
To: <jbridges@ev1.net>; <jcampbell@netropolis.net>; <lncamp@home.com>;
<DonDenison@aol.com>; <skden@gateway.net>; <jay@dcnet2000.com>;
<ShelbyJ@hiway.spring.isd.tenet.edu>; <blewis@ev1.net>;
<Kbenterkin@aol.com>; <melmincy@mindspring.com>; <CJPenrod@aol.com>;
<jlthayer@ev1.net>; <bettyv@infohwy.com>; <mamabearwalls@netscape.net>;
<Llw72@aol.com>; <cjwilson@lcc.net>
Sent: Tuesday, April 24, 2001 8:38 PM
Subject: (no subject)

>
>

 - MADCOW1.doc


I do have a copy of those.   Please provide me with a copy of the new one
when it's signed.  Thanks for your help!

	Julie Ferrara
	01/18/2001 09:56 AM

		 To: Paul Goddard/EU/Enron@ENRON
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: Another Agreement - Arthur Andersen (US)

Paul,
We are just about to get the long-term agreement with Arthur Andersen
signed.  I will attach the latest version of this, which we are waiting for
AA to give final approval and assign .  We do have the short term agreement
that was signed to provide the audit of the price reports from Nov. 1-30.  I
believe Tana does have a copy of this contract.  (Tana- I think Claudia Clark
also has a copy).  Let me know if you would like to see that copy as well.

Thanks.
Julie

Paul Goddard@ENRON
01/18/2001 09:48 AM
To: Tana Jones/HOU/ECT@ECT
cc: Julie Ferrara/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT
Subject: Another Agreement - Arthur Andersen (US)

Tana - we also have an agreement that has either been signed or is about to
be signed with Arthur Andersen (whereby they provide 'audit' services for our
EnronOnline Price Reports (aka indices).  Julie Ferrara should have this
agreement if one of them hasn't already sent it to you.

Julie  - could you also forward me this agreement assuming you have it? Would
be useful to have it in our other discussions with AA re: SECA Coal index .
Thanks).
---------------------- Forwarded by Paul Goddard/EU/Enron on 18/01/2001 15:44
---------------------------
From: Tana Jones@ECT on 17/01/2001 19:05 CST
To: Dave Samuels/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT, Paul
Goddard/EU/Enron@Enron, John Pavetto/Corp/Enron@Enron, Jay Webb/HOU/ECT@ECT
cc: Mary Weatherstone/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT

Subject: RUSH-EnronOnline Agreements

Attached is a list of the EnronOnline documents I am aware of.  Please let me
know if there are any additional agreements that have not been included.  I
have bolded those documents I am still trying to obtain copies of (and the
person who might be aware of them).  If you have copies can you please
provide them to me ASAP.

Thanks for your help.


I will be attending.

Kim Zachary
05/14/99 08:43 AM
To: Gerald Nemec/HOU/ECT@ECT, Kristina Mordaunt/HOU/ECT@ECT, Peter del
Vecchio/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT, Matthew Berry/HOU/ECT@ECT,
Luitgard Fischer/HOU/ECT@ECT, Stephanie Balette/HOU/ECT@ECT, Suzanne
Ferlic/HOU/ECT@ECT, Grant Zimmerman/HOU/ECT@ECT, Ed Wood/HOU/ECT@ECT, Bridget
Maronge/HOU/ECT@ECT, Andrew S Fastow/HOU/ECT@ECT, Inez C
Dauterive/HOU/ECT@ECT, Mary C Burton/HOU/ECT@ECT, Sue Ford/HOU/ECT@ECT, Mercy
A Henry/HOU/ECT@ECT, Marios Kalochoritis/HOU/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Phil Sisneros/HOU/ECT@ECT,
Terri Bachand/HOU/ECT@ECT, Mike Shannon/HOU/ECT@ECT, James R
Timmins/HOU/ECT@ECT, Michael Kopper/HOU/ECT@ECT, Bill W Brown/HOU/ECT@ECT,
Ben F Glisan/HOU/ECT@ECT, Mark Miles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Anne Yaeger/HOU/ECT@ECT, Don Miller/HOU/ECT@ECT, Joseph M
Deffner/HOU/ECT@ECT, Clement Lau/HOU/ECT@ECT, Mike Jakubik/HOU/ECT@ECT,
Michael Krautz/HOU/ECT@ECT, Marty Malinow/HOU/ECT@ECT
cc:
Subject: Larry & Alecia Lawyer's Baby Shower

Please be sure to RSVP to me via e-mail on whether or not you will be able to
attend their baby shower.  I am ordering lunch and I need an accurate count.
It will be on Thursday, May 27th from 11:30-1:00pm in EB 49C4.  Thanks.

Kim


Attached is an initial draft of the Override Letter that we discussed
today.  Please call me if you have any questions or comments.

Regards,

Rob Taylor
Andrews & Kurth L.L.P.
600 Travis Street
Suite 4200
Houston, Texas  77002

Tel: (713) 220-4436
Fax: (713) 238-7273
e-mail: robtaylor@andrews-kurth.com

This e-mail is privileged and confidential and is intended only for the
recipient(s) named above.  If you are not the intended recipient, please
(i) do not read, copy, use or disclose the contents hereof to others
(any of the foregoing being strictly prohibited), (ii) notify the sender
immediately of your receipt hereof, and (iii) delete this e-mail and all
copies of it.

 <<Override Letter.DOC>>
 - Override Letter.DOC


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2000
05:28 PM ---------------------------

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/31/2000 05:15 PM

To: Gene Humphrey/HOU/ECT@ECT, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Andrew S Fastow/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc: Bert Frazier/HOU/ECT@ECT, Karen Owens/HOU/EES@EES, Jewel Meeks/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Bridget Maronge/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Proposed Darden Interview Schedule - April 18

Below is proposed schedule for the Darden case video-taped interviews; an
hour has been scheduled for each of you (except Vince, for whom 1-1/2 hours
has been requested), however, you may be finished in less time.  The location
is yet to be determined, but will most likely take place in a vacant office
of 50M.

Please let me know of any conflicts with this proposed schedule.  I'll send
along additional information as it becomes available.  Thank you and have a
nice weekend.  SRS

8:00a  Gene Humphrey

9:00a  Lou Pai

10:00a  Ken Rice

11:00a  Andy Fastow

12:00p  Break

2:00p  Vince Kaminski

3:30p  Jeff Skilling


I think that four weeks is a good time frame for this - we can re-evaluate at
the end of that period as to whether or not this is still needed.  As far as
the right time, you should talk with Jeff Gossett (gas) and Scott Earnest
(global products).  They can give you the best estimate on timing.  I am
copying them on this memo.

When your schedule is set, I assume that you will provide Jeff and Scott with
a copy of the schedule (dates, names and contact numbers).  Please send me a
copy as well.  This IT presence on the floor during critical calculation
times will be very much appreciated.  I understand that not only will this
provide immediate contact when and if system issues arise, but that your team
will be working with the book administrators on improving spreadsheet
macros.

	From:  Zhiyong Wei                           10/26/2000 06:52 PM

To: Sally Beck/HOU/ECT@ECT
cc: Stephen Stock/HOU/ECT@ECT
Subject: ERMS/TAGG floor support

Sally,

I am currently working on a plan for floor support to provide a better time
coverage. I would like to hear your suggestion. I have been thinking of
providing floor support till 8:00 p.m. every weekday for the next 4 weeks. Do
you want us to extend the hours to later than 8:00 p.m. and longer than 4
weeks?

I appreciate very much your comments.

Zhiyong


So do you think that there's a chance of me getting my pager today?


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
04:06 PM ---------------------------

Kate Lucas
12/22/2000 02:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Mauricio
Mora/NA/Enron@Enron
Subject: interim report to Gary Hickerson for ag trading

Vince,

Please find attached the interim report on agricultural commodity trading for
Gary Hickerson. Your comments are welcome as we would like to send this to
Gary as soon as possible.

Regards,
Kate
ext 3-9401


You and Richard had agreed to put in the Feb 28 deadline for providing
alternative rates in Sec 1.7 of the PA

WE are planning to add the following to the end of the 3rd sentence:

by no later than February 28, 2001.

we need to be sure to have that information since so that decision can be
made within the 15 day window. Otherwise, we may have less than 15 days.

Please advise.

Thanks

Stephanie


----- Forwarded by Jeff Dasovich/NA/Enron on 04/02/2001 06:55 PM -----

	Scott Govenar <sgovenar@govadv.com>
	04/02/2001 06:13 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Joe Hartsoe
<Joe.Hartsoe@enron.com>, Donna Fulton <Donna.Fulton@enron.com>, Steven Kean
<Steven.J.Kean@enron.com>, Karen Denne <kdenne@enron.com>, Beverly Aden
<beverly.aden@enron.com>, Bill Votaw <bill.votaw@enron.com>, Carol Moffett
<carol.moffett@enron.com>, Debora Whitehead <debora.whitehead@enron.com>,
Dennis Benevides <dennis.benevides@enron.com>, Don Black
<don.black@enron.com>, "dblack@enron.com" <dblack@enron.com>,
"emelvin@enron.com" <emelvin@enron.com>, "ehughes2@enron.com"
<ehughes2@enron.com>, "gweiss@enron.com" <gweiss@enron.com>,
"gsavage@enron.com" <gsavage@enron.com>, "Harry.Kingerski@enron.com"
<Harry.Kingerski@enron.com>, "kgustafs@enron.com" <kgustafs@enron.com>, Mike
D Smith <msmith1@enron.com>, "sgahn@enron.com" <sgahn@enron.com>,
"vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>, Leslie Lawner
<Leslie.Lawner@enron.com>, John Neslage <john.neslage@enron.com>, Ken Smith
<ken@kdscommunications.com>, Bob Frank <bfrank@enron.com>, Jennifer Thome
<Jennifer.Thome@enron.com>
		 cc:
		 Subject: Priority Legislation

Assembly Speaker Bob Hertzberg has circulated the following list of
priority bills which he would like to pass out of the Assembly this
week:

SBX 5 (Sher) - This bill provides a total of $1, 039,500,000 from the
General Fund to implement energy efficiency programs and supplement
existing energy efficiency programs.

SBX 43 (Alpert) - This bill extends the SDG&E rate freeze to users over
100kw.

ABX 29 (Kehoe) - This bill This bill creates a variety of new programs
relating to energy
efficiency and distributed generation.

SBX 6 (Burton) - This bill creates the California Consumer Power and
Conservation Financing Authority (CPCFA), (2) authorizes the issuance of
bonds up to $5 billion, and (3) specifies that the CPCFA shall not
undertake any new projects after January 1, 2007.

SBX 28 (Sher)   This bill contains a series of provisions intended to
accommodate increased construction and operation of power plants.  The
bill also provides a 10-year waiver of standby charges for specified
distributed generation (DG) installations.


This draft looks ok to me.  Just to make sure the logic is being transmitted
to the authors of the communiques, we obvioiusly need to get a pop for the
investment community from selling assets and increasing return on equity.  At
the same time we need to communicate to partners, customers and regulators
that Enron is still there, which is the basis for some of our contracts and
concessions.  This dual benefit is the main conceptual value in the summer
deal, if it is done, and needs to guide our communication strategy which will
inevitably involve the same message going to investors as goes to our
counterparts in the markets in question.
,---------------------- Forwarded by James M Bannantine/ENRON_DEVELOPMENT on
08/03/2000 10:14 AM ---------------------------

Miguel Padron@ENRON
08/02/2000 01:20 PM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy
Young/ENRON_DEVELOPMENT@ECT
cc:

Subject: New Summer Release

See attachment...please provide feedback.  Miguel
---------------------- Forwarded by Miguel Padron/SA/Enron on 08/02/2000
02:20 PM ---------------------------

Karen Denne
08/02/2000 11:29 AM
To: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith Miceli/Corp/Enron@Enron,
Johan Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES,
Mary Joyce/HR/Corp/Enron@ENRON, Aaron Brown/HR/Corp/Enron@ENRON, Miguel
Padron/SA/Enron@Enron, Janie Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: New Summer Release

The attached draft press release incorporates IR's comments.


"If everybody is thinking alike, then somebody isn,t thinking.8  - George S.
Patton, Jr.

Keeping with our Mind,s Eye Madness week, be sure to check out the Enron Mind,
s Eye Motorcade
on Friday, April 27th from 11:30am to 1:00pm at the Big E Cafe.  This art car
convoy will spend the day visiting
Enron-designated stops in the community to promote innovation and
creativity.  Mirroring Enron,s innovation,
these artists think about the way things could be and are not limited by the
way things are.

Featuring:
Lunch by Escalantes Mexican Grille - choice of beef, chicken or veggie
fajitas with trimmings, dessert and a drink for $5.
Live salsa music will be provided by Tropicrew, featuring Enron,s own Ms.
Alex Villarreal as the lead singer.
Non-profit organizations represented will include the March of Dimes, SEARCH
and the Lupus Foundation of America.
Get lunch free if you're dressed "freaky"!

Word of the Day
Zeitgeist \TSYT-guyst; ZYT-guyst\, noun:  The spirit of the time; the general
intellectual & moral state or temper characteristic of any period of time.


Test works.? Thanks.
?
Anything else to do ?
?
Jack
----- Original Message -----
From:  Sharon Kimmel
To: Jack Tompkins
Cc: William W. Piernot ; William G.  Trulove ; Walter A. Saunders, Jr. ;
Robert  N. Dietz ; Ripley E.  Woodard, Jr. ; Ray Daugbjerg ; Rand R. Wall ;
R. Christopher Wyatt  ; Peter  Forbes ; Paul  Widener ; Michael Hensley ;
Marcus  Watts ; Leo Linbeck ; Lee Pardue, II ; Kyle Bergeron ;  Ken Lay  ;
Joel Tietjens ; Joe Richardson ; Jim  Wise ; Jere M.  Ahrens ; Jeff L. Murray
; James W.  Hargrove ; James Shirley ; Jack  Miller ; J.  Wise ; J.  P. Wise
; J.  Evans Attwell ; Frank Vandiver ; Doug  Bech ; Dennis McGuire ; David
Smith ; David Cullum  ; D. Stephen Goddard, Jr. ;  Charles W.  Hall ; Charles
Beall ; Bruce  J. Harper ; Bill Wright ; Barry G. Flynn ;  R.  Oliver
Sent: Thursday, September 28, 2000 11:42  AM
Subject: TEST

?
Sharon


CALENDAR ENTRY:	APPOINTMENT

Description:
	Terry K. - Oncall

Date:		9/30/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


where are you?


PROCESSING

TW/27819	PG&E		2/1/02-10/31/02	20,000/d	Blmfld to Calif	Processing

TENDERED

TW/24198	Richardson	Eff 1/23/02		35,714/d	Add Blk #16		Tendered 1/22

TW/25374	Oneok		Ext to 2/28/02	12,500/d	Panhdle to Beaver	EXECUTED

TW/26758	Duke		Eff 1/30/02		40,000/d	Swap RP Vol		Tendered 1/29

TW/27377	Agave		Ext to 3/31/02	10,000/d	Pecos to W. Ward	Tendered 1/24

TW/27803	BP		1/1/03-12/31/04	25,000/d	Blmfld to Needles	Tendered 1/28

TW/27913	Sempra		2/1/02-2/28/02	15,000/d	Blmfld to Topock	Tendered 1/24


Jim:

Good idea to meet today.  SCE has changed their tone, and from what I understand has adopted an adversarial mode at CPUC (I have not seen any papers).  As well they are changing their take on the 3 cent/1 cent increase and pass thru to DA.  Our meeting with PG&E was favorable, but SCE is mucking it up.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, October 26, 2001 9:38 AM
To:	Williams, Robert C.
Cc:	Sanders, Richard B.; Tribolet, Michael; Mellencamp, Lisa; Dasovich, Jeff
Subject:	SCE Stipulation

Bob --

Where do we stand on the SCE stipulation?  I want to make sure that our push in SCE doesn't conflict or contradict something we are doing in the PG&E discussions.

Can we meet today?

Jim


Hear Kathryn Hoenig, President of Hoenig & Co. analyze the strengths, opportunities and potential pitfalls of the international market!
 Presenting IIR'S 9th Annual Forum on:

 Directed Brokerage &  Soft Dollar Practices
 Navigate through today's compliance and regulatory issues to conduct your business more effectively in a volatile economy

 February 26-27, 2002      *      Roosevelt Hotel      *      New York  Register      Conference Agenda      Download Brochure      Conference Overview

 Join the forement legal and consulting authorities as they help you sort through today's regulatory guidelines and obtain the latest information as you:  Learn the ins and outs of establishing a directed brokerage program   Understand the impact ERISA and DOL have on transactions   	        Unravel the complexities of AIMR, SEC and SIA soft dollar and directed brokerage guidelines   Create strong and effective documentation   Address the latest issues in SEC rulemaking

 	     Dear Vince,  There are a number of issues to consider when establishing a directed brokerage or soft dollars program. In an industry with so much gray area, IIRs 9th Annual Forum on Directed Brokerage and Soft Dollar Practices will provide a clear explanation of today's regulatory and compliance issues.  Specifically requested industry leaders such as Gerald Lins of ING FURMAN SELZ ASSET MANAGEMENT, Harriss Sufian from HOENIG & CO. and Michael Butowsky of ROSENMAN & COLIN LLP, will address soft dollar legal issues and broker obligations. You'll hear from SEC and AIMR representatives as they address the latest issues in rulemaking and abiding by various guidelines. And plan sponsors will discuss what they've been up against in establishing a directed brokerage program and how they have dealt with the challenges.     Plus?Don't Miss the Post-Conference Workshop: Soft Dollar Practical Applications     This workshop on practical applications takes a closer look at exactly how to implement the groundwork you learned throughout the conference. A number of hypothetical situations will be presented, discussing the most effective ways to solve the problems back at your firm. Bring questions and problems to work out!  To register, Click here  or call 888-670-8200. Please mention priority code, U1686XXEM when registering.  I Hope to see you in New York!  Sincerely, Liz Wilson Vice President, IIR

If you would prefer not to receive further messages from this sender:
1. Click on the Reply button.
2. Replace the Subject field with the word REMOVE.
3. Click the Send button.
You will receive one additional e-mail message confirming your removal.


---------------------- Forwarded by Chris Germany/HOU/ECT on 04/27/2001 06:04 PM ---------------------------

Sean Boyle@ENRON
04/25/2001 09:40 AM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	TTT

DTI will not be charging for TTT service through June 01, they will probably not start to charge any time soon, however they still have the ability to charge.  My feeling is that they will find it difficult to charge after providing the service for free for some time.  If they do start to charge by nom is there a way we can provide that service?  I will think about that one.


-----Original Message-----
From: 	Santucci, Anna
Sent:	Monday, June 25, 2001 11:00 AM
To:	Black, Tamara Jae; Finnels-Neal, La Donna
Cc:	Herndon, Rogers; Imai, Rika; Will, Lloyd
Subject:	Tech Analysis 101

T Jae and La Donna -- Please forward this e-mail to our groups.

In terms of the upcoming weekly Fundamentals' Group meeting, there will be a Technical Analysis 101 class.

When: Tuesday, June 26th 	2:30 -- 4:30 pm
Where: 30 C1

If you have any questions, please contact Rika Imai or Anna Santucci

Please note: If normally you do not come to the Fundies' meetings, please RSVP (so that we have enough handouts)


(See attached file: The Day Ahead_April 30.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - The Day Ahead_April 30.pdf


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/05/2000
10:38 AM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
12/25/99 11:05 AM
To: Vince Kaminsky, Vasant Shanbhogue@ECT
cc:
Subject: Re: Firm Power sale from Phase I - Issues

Vince/Vasant,

It has been some time since we spoke at the San Antonio conference.
Unfortunately,as soon as I got to India I was diagnosed wih a slip disc and
had to be in bed for a long time.

In the mean time the team continued to work on the concept of a sale to
another state out of the Dabhol plant.  I have developed the concept whereby
we are now looking at a firm component (over peak period), and an infirm
power sale during the monsoon.

The series of quesions and comments from my team in te attachment below
should help you a bit to get a feel for the proposal.  I am currently in
Houston and reachable at 281-345-9870.  I maybe needing a surgery for the
slip disc but am currently on medication hoping that surgery won't be needed.

I would like to wis you all a very happy X'Mas and a Great New Year, and will
catch you in the NEw YEar in Houston to discuss this wit you further.  I can
see that soem structuring help will be needed on this, and would like to get
some help from your end.

Regards,
Sandeep.
---------------------- Forwarded by Sandeep Kohli/ENRON_DEVELOPMENT on
12/25/99 10:17 PM ---------------------------

Sandeep Kohli
12/25/99 10:06 PM
To: Rajesh Sivaraman/ENRON_DEVELOPMENT
cc: Vivek Kejriwal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shubh
Shrivastava/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anshuman
Srivastav/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Firm Power sale from Phase I - Issues

Team,

Please find my comments in the word document attached.

Please go through this and run the sensitivities and get a good idea of way
to structure thsi.  Having gone through the comments, I feel that it maybe
necessary to get some help on the structuring side.  I will try to get you
some structuring expertise asap.  In the mean time, I would like you all to
focus on getting resources together and working this to the next pass.

Lets see where we can get with this.

Regards,
Sandeep.

Rajesh Sivaraman
12/24/99 10:06 PM
To: Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vivek Kejriwal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shubh
Shrivastava/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anshuman
Srivastav/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Firm Power sale from Phase I - Issues

As discussed, please find enclosed  a word document which essentially
discusses most of the issues involved with a Firm Power sale of 50 MW from
Phase I, which would have to be sorted out with MSEB.

Vivek & I have also worked out a methodology for computing tariff for this
firm power sale during the peak period. In doing this, we have tried to keep
the tariff formula as simple as possible, while simulating the PPA tariffs to
the extent possible. (Currently, we have just shown the tariff computation;
will put the tariff formula in the next mail)

The tariff structure & the issue list obviously need further refinement,
before we discuss it with MSEB.

Looking forward to your comments on both the issue list as well as the tariff
computation.

regards,

Rajesh S


Attached is information on an energy accountant position. Please forward to anyone you know that might be interested and/or qualified.

Interested applicants should contact Mimi Kim at mkim@cm-cs.com <mailto:mkim@cm-cs.com>

Jack Belcher
Deputy Director, Governmental Affairs
Energy & Refining Policy
Hart Downstream Energy Services
p) 301.354.2036
f)  301.424-7260
c) 703.863-4309
jbelcher@chemweek.com <mailto:jbelcher@chemweek.com>


Per my phone message.   Look at the tab labeled "NNG Detail Net Margin"

Please give me a call to discuss. (X7176)


Breaking News from ABCNEWS.com

Sent at 6:11pm PDT on Wednesday December 13, 2000

Gore: Bush to Be Next President

Al Gore ended his quest for the presidency and said he would help his rival,
George W. Bush, to bring the nation together. "We will stand together," he
said. Get full coverage by clicking below

http://www.abcnews.go.com/sections/politics/DailyNews/ELECTION_Main.html

Also from ABCNEWS.com:

Another Gore White House Bid Possible

Ready for a Bush-Gore rematch? Some think Al Gore will want another shot at
the White House in 2004. Others believe he will leave politics behind.

http://abcnews.go.com/sections/politics/DailyNews/ELECTION_gore_future001213.h
tml

ABCNEWS.com:  Up to the Moment, Up to You (tm)
http://abcnews.go.com
---
You received this mail because you subscribed via ABCNEWS.com at
http://abcnews.go.com/service/mailsub.html

If you would like to stop receiving these mailings, unsubscribe at
http://abcnews.go.com/service/mailunsub.html

Please do not respond to this mail. Questions or comments can be submitted at
http://abcnews.go.com/service/abccontact.html


The conf. call requested this week has been set up for Wednesday (02/07/01).

Call Name:          Mt. McKinley
Host:                      David Roensch
Date:                      02/07/01
Time:                     2:00 CST
Call In Number:  877-795-3687  pass code 694282

If you have problems accessing the call please call the OCC at 402-398-7773.

Please feel free to forward if you note that I have missed someone with this e:mail.......

---------------------- Forwarded by David Roensch/ET&S/Enron on 02/02/2001 05:25 PM ---------------------------
From:	Bob Jacobs@EOTT on 02/01/2001 03:58 PM PST
To:	Randy Lagrimini/ENRON@enronXgate@ENRON
cc:	Bob Burleson/ET&S/Enron@ENRON, David Roensch/ET&S/Enron@ENRON, Diane Corbett/Long_Beach/Eott@Eott, John Will/ENRON@enronXgate, Kenneth Chow/ET&S/Enron@Enron, Kevin Hyatt/ET&S/Enron@Enron, Larry Garrett/Long_Beach/Eott@Eott, Randy Rice/OTS/Enron@ENRON, Rich Jolly/ET&S/Enron@ENRON, Rick Suderman/Bakersfield/Eott@Eott, Roy Hartstein/ENRON@enronXgate, Susan Ralph/Houston/Eott@Eott

Subject:	Re: Gas Injection Project

Gang,

Just spoke to a representative from Paramount Refining about setting up a tour to look at their Mojave facility.  They are very receptive and flexible about timing.  Please give me the most convenient date for this tour and I'll set it up.

For your information:  on their property PG&E has two 34" gas lines and Mojave has a 42" gas line.  Can anyone estimate the total flow through these 3 lines ?  My contact indicates that Paramount has unused rail capacity and plenty of space to construct tanks.

<Embedded StdOleLink>


Following up on my previous e-mail regarding ABX 128, I now expect it to
include the following provisions.

1.  The tax will be on excess gross receipts from electrical energy
distribution.
2. The tax will be imposed on the person making the first sale of
electrical power in or into CA for consumer consumption.
3. The tax will be based upon the amount by which the gross receipts
from the sale exceed the amount that would have
been received if the sale had been made at a specified "base price" (to
be determined by the PUC).
4.  There will be a rebuttable presumption that the base price
represents afair sales price.
5.  There will be a withholding mechnism of this excess tax from the
purchasers, other than purchasers who are residential
consumers or small business users.
6.  It will require sellers to file annual tax returns to report the tax
on excess gross receipts and pay any remaining taxes
due.
7.  It will allow sellers to file a claim for refund in an attempt to
rebut the presumption that the base price was a fair sales
price.
8.  Provide certain nexus standards to California to provide the basis
to impose tax liability.
9. Include a 5-year sunset date.


Heather,

Attached is an Excel file containg deals with Dow over the last three years.
Please call me with any questions ypu may have.

Thanks,

Errol McLaughlin, X5-8274


In the past few months, Enron has received numerous requests from other
companies to share some of the processes and systems that we have developed
within HR.  Also, several new businesses have been created recently by
consulting companies to pursue what some financial analysts believe is a huge
untapped market in aggregating HR services.  Recently, we completed an
internal review to consider what role Enron could play in this arena and have
decided to explore some very specific external opportunities.  Due to the
time commitment required to pursue these opportunities, we are assigning
dedicated resources to this effort.  Effective immediately, the HR community
will have three major areas of focus that will be working together in order
to optimize HR transformation and commercialization.  Taking the lead roles
will be myself, Mary Joyce and David Oxley (see below and attached chart).

? I will lead this new effort in addition to continuing to lead those areas
of HR that are our prime candidates for commercial opportunities.  Reporting
to me on this commercialization effort will be:  Brad Coleman with the
overall lead; Andrea Yowman who will focus on software applications such as
PEP, Expertfinder and Global Compensation; Sarah Davis who will focus on
Worklife; Elyse Kalmans who will focus on Community Relations; Cynthia Barrow
who will focus on Benefits and Wellness; and Yevgeny Frolov and Dan Brown who
will focus on E-learning and Talent Management.  I will continue to report to
Steve Kean.

? David Oxley will take the overall lead for HR across all business units
focusing on continuing to increase the value HR brings internally to Enron.
The networked recruiting, Organization Development and Training and Business
Unit Compensation consulting functions, the Global PEP team, as well as the
generalist consulting responsibilities for all Corp. groups, will report
directly to David. The HR leads for EWS, EES, EBS, ETS and EGAS will report
jointly to their business unit OTC,s and to David from a functional HR
perspective. In this regard David will now report to Steve Kean.

? Mary Joyce will add Global Information Management, Corporate Compensation
services and Reporting/ Analysis, to her current Executive Compensation
responsibilities.  Kathy Schultea, Felecia Acevedo, Cindy Ward and Suzanne
Brown will report into Mary,s organization. Mary will continue to report to
Steve Kean.

? With Drew Lynch,s promotion to COO Metals and David,s increased
responsibilities, Robert Jones will take the HR lead for EWS Americas. Robert
will report to the EWS OTC. Jon Chapman has been appointed head of HR for
EEL, based in London, and will report to the EEL OTC. Both Robert and Jon
will report to David from a functional HR perspective.

Additional realignment of resources will enable our team to further improve
daily employee services, partner with Business Unit initiatives and maximize
opportunities for commercialization.  These modifications are as follows:

? Scott Gilchrist will lead HR for the newly formed EGAS.  As such he will
focus his attention on the asset positions in South America, Latin and
Central America, the Middle East and Asia.  The European assets will continue
to be a part of EEL.  Scott will also work closely with Rebecca McDonald and
Sandip Mallick in relation to our assets in India.  Scott will report to the
EGAS OTC, Rebecca McDonald and David as above.

? Michelle Cash has agreed to take the lead of the Corporate OLER function
for an interim period to determine how it should operate and be organized.
She will report to me for this particular function, but of course will remain
primarily a part of the EWS legal function reporting to Mark Haedicke.

? Sheila Walton will lead the HR Generalist activities for all Corp
functions.  Jo Ann Hill, and all of the corporate generalist functions
currently under Jo Ann, will report to Sheila Walton.  Sheila will continue
to report to David.

? Sarah Davis will add the Click at Home program to her current
responsibilities, and will continue to report to me.


did you mail off the power bill?


It looks fine.


The following expense report is ready for approval:

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

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


        <title>The money.net Scoop</title>
        <BASE TARGET="_blank">
        <BASE HREF="http://www.money.net/">
	<link REL=STYLESHEET HREF="http://www.money.net/formatting/money.css" TYPE="text/css">
<map name="tabMap">
  <area shape="rect" coords="1,0,66,26" href="http://my.money.net/scripts/mainindex">
  <area shape="rect" coords="67,0,155,26" href="http://my.money.net/scripts/wrap?name=pages/tabs/2&wrap=yes&tab=2&frame=top">
  <area shape="rect" coords="156,0,248,26" href="http://my.money.net/scripts/mainmenu">
  <area shape="rect" coords="249,0,334,26" href="http://my.money.net/scripts/wrap?name=pages/tabs/7&wrap=yes&tab=7">
  <area shape="rect" coords="335,0,511,26" href="javascript:SetHomePage('www.money.net','http://www.money.net/mmyhp','affiliate_id');void(0);">
</MAP>
<MAP name="Map">
  <area shape="rect" coords="1,1,84,59" href="http://realtime.money.net/scripts/sectorlaunch">
  <area shape="rect" coords="84,1,148,59" href="http://realtime.money.net/scripts/heatlaunch">
  <area shape="rect" coords="148,1,228,59" href="http://realtime.money.net/scripts/marketlaunch">
  <area shape="rect" coords="228,1,276,59" href="http://www.money.net/pages/s2faq.html">
  <area shape="rect" coords="276,1,352,59" href="http://realtime.money.net/whatsnew.html">
</MAP>

<FORM ACTION="http://www.money.net/scripts/stocklookup" method="POST">

     NASDAQ 1934.42 0.00 0.00%
    DOW 9976.18 0.00 0.00%
    S&P 1151.05 0.00 0.00%

     QUOTES: <INPUT TYPE=TEXT NAME="symbol" SIZE="4"> <INPUT TYPE="IMAGE" ALIGN=absmiddle border="0" src="http://www.money.net/30images/newgo.gif" HEIGHT="17" WIDTH="30">
    </form>

		Please support our advertisers

Sponsored by: Kaplan College Financial Planning

The Scoop

                  The session started off on a mildly bullish note with the market averages pushing to new recovery highs.  The favorable news on the war front, a continuation of the bullish momentum and merger news helping to underpin.  The merger news was in the Oil sector with Conoco (COC +6.7%) and Phillips Petroleum (P +2.95) announcing a merger of equals which will create the sixth largest oil and natural gas company in the world and the largest U.S. gas retailer.  Speculation of a potential merger also inspired some sizeable gains in PALM (+12.8%) and Handspring (HAND +35.2%).  Other positives included better than expected earnings from Lowes (LOW +6.8%) and the FDA approval/subsequent...

                  [Full Story]

Sponsored by:

		Dow Jones

		NASDAQ Comp.

Most Popular Stocks

 GX	1.58	0.00

 PALM	3.87	0.00

 XOXO	1.36	0.00

 CIEN	21.16	0.00

 CSCO	20.71	0.00

 BVSN	3.81	0.00

 ECNC	0.031	0.00

 EXDSQ	0.126	0.00

	money.net Feature

Now you can link back to Money.net no matter what site you're on with our new interactive Tool Bar. Jump to your streaming real time portfolio tracker, search for something on Google and check the latest sports scores with ESPN. Trust us, you will love this product!!!!!

www.athoc.com/wis/activate/default.asp?pid=20523&mktmsg=CA1

		If you have questions about our site, please email us at info@money.net.

		If there's a subject you'd like to read about, please email us at editor@money.net.

		To unsubscribe from this mailing, please click here to go to http://www.money.net/scripts/unsubscribe.

	?2001 Money.net Incorporated.

Market Data Provided in part by: MarketFeed.com, Reuters, Inc., S&P Comstock.

All quotes delayed at least 15 minutes. (Except in Screamer - Real-Time Portfolio Tracker)

Charts provided by Goinvest.com, Inc.

Terms and Conditions  • Privacy Policy

By accessing and using this page you agree to the Terms of Service.


My friend Pam who is in my business and my circle of friends.  ENjoy this Colleen.
 -----Original Message-----
From: 	"Pamela Anderson" <pama9@flash.net>@ENRON
Sent:	Tuesday, November 13, 2001 8:51 PM
To:	Brawner, Sandra F.
Subject:	Fw: SFGTD

----- Original Message -----
From: Denise  Moseley
To: KBaze@aol.com  ; Pamela Anderson  ; Christine Kelley
Sent: Sunday, November 11, 2001 4:23 PM
Subject: Fw: SFGTD

----- Original Message -----
From: Linda Schaffer
To: vito vescio  ; VIRGINIA HERNANDEZ  ; Terry.Herber@na.bestfoods.com  ; Susan  Lo  ; Steve  Engster  ; Robin.Cooper@na.bestfoods.com  ; Rick Singh  ; Rich  Pagano  ; PAUL  FRIEDMAN  ; Pam.Kras@na.bestfoods.com  ; Nancy Thorsen  ; Mike Sofranko  ; Michel & Sandy  Ditlove  ; Mel Schlobohm  ; Maxine Frank  ; Mary T Lipari  ; MARY SENIA  ; MARTYALE@aol.com  ; Marilyn and Don  Schaffer  ; KATHY  HAJEK  ; Kathy  Dreyer  ; Karen.Czaplewski@na.bestfoods.com  ;  Joan  Keeney  ; Jim  and Adrienne Paxton  ; Jill D'Oronzo  ; Jessie.Poremba@na.bestfoods.com  ; jeanne.d'arc.charron  ; Jan  Shaheen  ; Irene  Lipari  ; GLORIA  FOLSOM  ; Gail.Peck@na.bestfoods.com  ; Fabienne Moreau  ;  Elaine & Frank  Columbus  ; Debbie  Bayley  ; David Klittnick  ; CONOR CUNNEEN  ;  Cindy and Alan O'Neil   ; Chris Pope  ; CHERYL  ; Carol Hagen  ; Bill Allgeier  ; Bee Y  Marslender  ; ANDREA ALVARADO
Sent: Tuesday, November 06, 2001 9:24 AM
Subject: Fw: SFGTD

MEMO FROM GOD
To: YOU
Date: TODAY
From: THE   BOSS
Subject: YOURSELF
Reference: LIFE
I am  God. Today I will be handling all of your problems. Please remember that
I  do not need your help.
If life happens to deliver a situation to  you that you cannot handle, do not
attempt to resolve it. Kindly put it in  the SFGTD (something for God to do) box. All situations  will be resolved, but in My time, not yours.
[IMAGE]
Once  the matter is placed into the box, do not hold onto it by worrying about
it.  Instead, focus on all the wonderful things that are present in  your life now.
[IMAGE]
If you find yourself stuck in traffic; Don't  despair. There are people in
this world for whom driving is an unheard of  privilege.
[IMAGE]
Should you have a bad day at work; Think of  the man who has been out of work for years.
[IMAGE]
Should  you despair over a relationship gone bad; Think of the person who has
never known what it's like to love and be loved in return.
[IMAGE]
Should you grieve the passing of another  weekend;  Think of the woman in dire
straits, working twelve hours a  day, seven days a week to feed her children.
[IMAGE]
Should  your car break down, leaving you miles away from assistance; Think of
the  paraplegic who would love the opportunity to take that walk.
[IMAGE]
Should you notice a new gray hair in the  mirror; Think of the cancer patient
in chemo who wishes she had hair to  examine.
[IMAGE]
Should  you find yourself at a loss and pondering what is life all about,
asking  what is my purpose? Be thankful. There are those who didn't live long
enough to get the opportunity.
[IMAGE]
Should you find yourself the victim of other  people's bitterness, ignorance,
smallness or insecurities; Remember,  things could be worse. You could be one of them!
[IMAGE]
Should you decide to send this to a friend;
Thank you, you may have touched
their  life in ways you will never know!


-----Original Message-----
From: Khalid Naz [mailto:hotboynaz@yahoo.com]
Sent: Friday, October 05, 2001 2:55 PM
To: Davis, Dana
Subject: P.O.

Here is my P.O. box number
1000 center #3159
Brownwood TX, 76801

GOD BLESS
I MISS YOU GUYS.
CANT WAIT TO GET BACK AND SEE YOU!!!!!!

__________________________________________________
Do You Yahoo!?
NEW from Yahoo! GeoCities - quick and easy web site hosting, just $8.95/month.
http://geocities.yahoo.com/ps/info1


Guess we might want to lob this one in to Delta, just for fun.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 09:57
AM ---------------------------

Kay Mann
04/20/2001 09:56 AM
To: lee.johnson@ss.ps.ge.com, kent.shoemaker@ae.ge.com
cc: Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT

Subject: Delta assignment and assumption

Hi there,

Here's the assignment and assumption agreement with the GE consent included.
Please let me know if you have any comments.

Thanks,

Kay

PS.  In discussing the mechanism to move the turbines, it seemed that it
would work ok to assign the turbines out of the AIP.  I can't find a flaw
with that approach.


If you have trouble viewing this page, please Click Here.  To unsubscribe,
please Click Here.
[IMAGE]

Now, you can have your music your way*online and off.  Plus, get a $50 rebate
by mail.

Music online has always played by online rules*big, slow)downloading files,
complications in organizing song lists and worse*you were chained to your PC
to listen to it.

That's all changing. With Windows MediaPlayer 7 and windowsmedia.com, the
Compaq iPAQ PA)1 Personal Audio Player is your ticket to where music is
going. And getting on the next wave of digital music takes just three easy
steps:

	[IMAGE]	Buy an iPAQ PA)1 Personal Audio Player and for a limited time, get a
$50 rebate by mail! It's a small device, about the size of a pager, but it
delivers amazing full)digital sound. Rugged construction means it's ready to
fit your lifestyle. And the removable memory cards hold up to two hours of
music!
[IMAGE]

	Visit www.compaq.com/wmp7 for the exclusive Compaq version of Windows Media
Player 7. Here, you get seven features in one easy)to)use package: CD player,
audio and video player, media jukebox, media guide, Internet radio, portable
device file transfer and an audio CD burner.
		[IMAGE]

[IMAGE]	Check out windowsmedia.com for the best audio and video on the web,
including exciting new formats that download faster and use less RAM for more
songs.

		It's easy*get the music you want, access to thousands of titles, expanded
features and a $50 mail)in rebate on an iPAQ Personal Audio Player*all in a
few clicks. Join the digital music revolution today and take your music with
you, anywhere you want to go.

		If you would rather not receive e-mails about future contests and promotions,
service updates, product enhancements, cool activities or new products,
please Click Here to remove your name from our mailing list.
 [IMAGE]


NYMEX Membership Services
June 1, 2001
Notice # 00-042

SWITCH OF LESSOR

Please be advised that effective with the close of business, June 1, 2001,
the following member(s) will switch their lessor within the Exchange:

Brian O,Neil (ADB-508)

SWITCH OF STATUS

Please be advised that effective with the close of business, June 1, 2001,
the following member(s) will switch their status within the Exchange:

John Ketcham (JKAY-4667) from a Licensee Member to a Full Member with a
qualified trader guarantee provided by Man International, Inc.

NOTICE OF INTENTION TO TRANSFER

Please be advised that effective with the close of business, June 1, 2001,
the following member(s) have given notice of intention to transfer their sole
membership privileges:

Oliver Alma (OLVR-3260)

 Members and Member Firms have (10) days from the date of this notice to
advise the Corporate Secretary,s Office of any claims in accordance with Rule
2.51.

Inquiries regarding the above should be addressed to the Member Services
Department at 212-299-2379.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-42)"

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


Sara
Apologies - I have been out of the office for the past 10 days.

I had asked Cindy in legal to provide you with signature blocks when you
first asked for it - I will chase her again today.
I will call you this afternoon to discuss the status of the agency agreement
and any other requirement that you may have - let me know when you are
available.

Regards
Mahesh

From: Sara Shackleton on 24/10/2000 08:42 CDT
To: Mahesh Lakhani/LON/ECT@ECT, Cindy Buckley/LON/ECT@ECT, Janine
Juggins/LON/ECT@ECT
cc: John Greene/LON/ECT@ECT

Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

I am still waiting for a copy of the services agreement and the form of
signature.  Instinet is proceeding but will still require this information.
Thanks.  Sara

	Sara Shackleton
	10/16/2000 03:14 PM

		 To: Mahesh Lakhani/LON/ECT, Cindy Buckley/LON/ECT
		 cc: Janine Juggins/LON/ECT@ECT, John Greene/LON/ECT@ECT
		 Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

I have not received a response from anyone.  Sara

	Mahesh Lakhani
	10/06/2000 03:22 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Cindy Buckley/LON/ECT@ECT
		 cc:
		 Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

Cindy
Can you provide this to Sara please
Thx
Mahesh

From: Sara Shackleton on 04/10/2000 14:11 CDT
To: Mahesh Lakhani/LON/ECT@ECT
Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

thanks.  Can you provide me with the appropriate signature block for ENA/ECT
Investments Inc. through the agent?

	Mahesh Lakhani
	10/04/2000 10:01 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Paul Simons/LON/ECT@ECT, John Greene/LON/ECT@ECT, Janine
Juggins/LON/ECT, Cindy Buckley/LON/ECT@ECT
		 Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

Sara.   It has been formed.  Enron Investment Services Ltd was set up on
3/10/00

Regards
Mahesh

Janine Juggins
04/10/2000 15:10
To: Sara Shackleton/HOU/ECT@ECT, Mahesh Lakhani/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, John Greene/LON/ECT@ECT

Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

Mahesh, please can you update Sara on the status (I think it has been formed,
but Mahesh will confirm)
Regards
Janine

From: Sara Shackleton on 04/10/2000 08:19 CDT
To: Janine Juggins/LON/ECT@ECT, Paul Simons/LON/ECT@ECT
cc: John Greene/LON/ECT@ECT

Subject: U.K.  arranger for ENA and ECT Investments, Inc.

Any word yet on creation of the new entity?  Sara


Steve.  FYI.  Got bounced back the first time.
----- Forwarded by Jeff Dasovich/NA/Enron on 10/02/2000 04:32 PM -----

	Jeff Dasovich
	10/02/2000 04:27 PM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Steve Kean
		 Subject: RE: Auction of Default Supplier Obligation

Have messages in to him.

	James D Steffes
	10/02/2000 02:50 PM

		 To: steve kean, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: RE: Auction of Default Supplier Obligation

Jeff --

Can you try and call Seabron today to discuss.  See if his understanding
helps with California issues.

Jim

----- Forwarded by James D Steffes/NA/Enron on 10/02/2000 02:49 PM -----

	"Seabron Adamson" <seabron.adamson@frontier-economics.com>
	10/02/2000 09:43 AM

		 To: <James.D.Steffes@enron.com>
		 cc:
		 Subject: RE: Auction of Default Supplier Obligation

Jim:

>Have you ever seen a model for a bid process like this?  Any auctions (in
>any commodity) that would work?  We are trying to get back to key policy
>makers mid-day on Monday.

Yes, there are numerous default service auction models in operation or
proposed, both in electricity and other utilities. The government of New
South Wales in Australia is implementing a model similar to this. In
Georgia, I think they recently had an auction to serve customers served by a
gas retailer that went bust. Similar mechanisms have been used for years in
the telecoms business for serving specific client bases, such as rural
customers. Examples have been in Chile, and even in the U.S. (auctions for
"universal service obligations").

We proposed a model for "third-party" default service standard supply for
Ontario (working for Aleck Dadson of Enron Canada). This allowed the
standard supply provider to meet its obligation by competitive means,
including holding an auction. The idea was to provide customers hedging in a
framework that allowed for competition in default service.

Let me know if you want a briefing or futher info. I'll be in the office
until 4:00 or so (I'm then heading to the airport for Portland). My office
number is (617) 354-0060, or (617) 513-5904 (mobile).

Seab

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.