THE TIMES OF INDIA, Wednesday, November 21, 2001
DPC sponsors meet next week for due diligence talks

Similar story also appeared in the following publications:

THE HINDU BUSINESS LINE, Wednesday, November 21, 2001
DPC sponsors to meet next week

THE FREE PRESS JOURNAL, Wednesday, November 21, 2001
DPC sponsors meet in US next week to discuss due diligence
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE ECONOMIC TIMES, Wednesday, November 21, 2001
BSES inches forward in DPC race
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE HINDUSTAN TIMES, Wednesday, November 21, 2001
Enron in talks to sell off data centre, Arun Kumar
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE ECONOMIC TIMES, Wednesday, November 21, 2001
Enron restates Q3 earnings
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE FINANCIAL EXPRESS, Wednesday, November 21, 2001
Maharashtra govt objects MSEB's 19% tariff hike, Sanjay Jog
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE FINANCIAL EXPRESS, Wednesday, November 21, 2001
State opposes MSEB proposal on 19 per cent power tariff hike, Sanjay Jog
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE TIMES OF INDIA, Wednesday, November 21, 2001
DPC sponsors meet next week for due diligence talks
Senior officials of energy major Enron Corp, Bechtel and GE, the three foreign sponsors of the troubled Dabhol Power Company (DPC), will meet in Houston next week to take a decision on whether to proceed with the proposal of due diligence to be carried out by city-based power utilities, the Tata Power Company and BSES Ltd. "The offshore sponsors of DPC have not yet given their go-ahead for potential buyers of their 85 per cent equity to commence due diligence. They are scheduled to meet before this month end to decide their next step regarding Dabhol project," sources close to the sponsors said here on Tuesday. When contacted, DPC spokesperson declined to confirm or deny the development. Sources said that the sponsors' decision would be conveyed to the Industrial Development Bank of India-led consortium of Indian lenders by first week of December. "Contradictory to recent announcements by Indian lenders, and the prospective buyers, the ability of any party to sign the confidentiality agreement and proceed with due diligence will after all depend on the three foreign sponsors' approval," they pointed out.
Both Tatas and BSES would need their approval and co-operation to commence due diligence, sources emphasised. Tata Power managing director Adi Engineer confirmed that they were yet to commence DPC due diligence. "We are waiting to sign the confidentiality agreement with DPC sponsors after which Tata Power would take at least a few months to complete the process," Engineer said. Sources termed the meet as critical in deciding the future course of events in resolving the issues surrounding the $3 billion power project. "Enron, GE and Bechtel had raised the issue of continuing costs of fundings during the three-day marathon Singapore meet, risen as a result of the Indian and foreign lenders' refusal to disburse additional funds," they informed.
The proposed due-diligence was expected to take another two-three months, sources said, adding the situation had become more fragile with the Maharashtra State Electricity Board not drawing power since May 29 and lenders stopping disbursements to the 2,814 mw project March onwards. "This has resulted in the beleagured DPC also being unable to meet its loan repayment commitments in September and October," they added. During the Singapore meet, the three foreign sponsors had also expressed their grave concern about bearing additional expenses as the due diligence process would take its own time and incur significant costs, only adding to deterioration of assets and their cost burden, the sources said. On Monday, BSES Ltd chairman and managing director R.V. Shahi had announced that the company was likely to complete the due diligence of the Dabhol project by January end next year. Shahi said that BSES had returned the draft of confidentiality agreement with comments to DPC. BSES would appoint three separate consultants for doing technical, financial and legal due diligence along with an internal task force to do parallel ground work, he said.( PTI )
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE ECONOMIC TIMES, Wednesday, November 21, 2001
BSES inches forward in DPC race

BSES has inched a step forward in the race to acquire Enron's stake in Dabhol Power Company. The company, which is one of the bidders for Enron's stake has approached the heads of financial institutions for funding of the project after the change in ownership. Irrespective of who the new stake-holder is, they would need the Fis to lend to them to see the completion of the project. The heads of institutions are at present considering the BSES request though a view is yet to be taken on the issue. BSES apart, Tata Power is the other serious contender for the project.

The Fis have been sounding out the both BSES and Tata Power as the government feels that buying out the plant could be good proposition if some of the tariff issues are sorted out. R V Shahi, chairman-cum-managing director of BSES said after his meeting Singapore last week that talks were progressing and the company would soon get on with the next stage. BSES, is likely to complete due diligence of the 2,184 MW Dabhol Power project by January end next year. "The due diligence process will take 6-8 weeks after signing of the confidentiality agreement with Enron promoted DPC," BSES CMD R V Shahi told reporters here. Shahi said BSES has returned the draft of confidentiality agreement with comments to DPC. The confidentiality agreement, a pre-requisite for beginning due diligence of DPC to assess the value of its assets, investments needed to complete the 1,444 MW Phase-II and its liabilities, would in all probability be signed by the end of this month.BSES would appoint three separate consultants for doing technical, financial and legal due diligence of the 2.9 billion dollar project, he said, adding that simultaneously an internal task force would also be appointed to do parallel ground work. Shahi said the company has shown interest in acquiring 85 per cent stake of Enron, Bechtel and GE in the Dabhol project at the recently concluded Singapore meeting convened by FIs. After signing the confidentiality agreement BSES will formally look into the financial books of DPC, its loans, sponsors and other assets and legal wrangles before taking any decision on the acquisition price.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE HINDUSTAN TIMES, Wednesday, November 21, 2001
Enron in talks to sell off data centre, Arun Kumar

Beleaguered energy major Enron is said to be in negotiations with at least two prospective Indian buyers for selling its $18 million Internet Data Centre (IDC) located at Mumbai. This is the second Indian investment that Enron is looking to exit from. It is already in the midst of a possible selloff of its stake in the controversial Dabhol Power Co. When contacted, an Enron India spokesperson said "as part of our policy we do not discuss this issue with the media. As you are aware such issues are part of our global strategy, but we are not desperate to sell".

However sources maintained that the company was talking to at least two bidders, one being a leading Mumbai real estate firm, and that talks were currently hedged on pricing issues. The reason for the selloff move is part of Enron's decision to exit from India, the sources added. The move is also being fuelled by the recent $9.5 billion acquisition of Enron by Dynegy Inc. According to the sources, Enron may sell IDC at below cost. It had invested over $18 million (over Rs 90 crore) to develop the 30,000 sq. ft. data center, which caters to a host of new economy firms, including Hungama.com and Gateway System. The sources added Enron had considered roping in a strategic equity partner for IDC and, since that did not happen, "it has now decided to exit from this business".

Enron India had announced grand plans for setting up a nationwide fiber optic cable backbone to tap rising demand for bandwidth. After the company abandoned this plan, speculation was rife that it would divest its data center sooner or later. Analysts said the center is a standalone business globally and Enron was left with no option but to take bandwidth on lease from others. This increased the project cost, they observed. The company had originally planned to set up five more data centers in Bangalore, Delhi, Chennai, Hyderabad and Ahmedabad.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE ECONOMIC TIMES, Wednesday, November 21, 2001
Enron restates Q3 earnings

S embattled Enron examines its books, the energy trader restated its third-quarter earnings, increasing its loss for the period by 3 cents a share to 87 cents. The company also disclosed it is trying to restructure a $690-million obligation that could come due November 27. Enron spokesman Mark Palmer said the company has the cash on hand to pay the obligation but would like to have it restructured and extended. "We are working with the lenders to restructure or extend the term on the obligation," he said. Palmer said the obligation could come due because of Enron's lowered credit rating. When the rating was reduced, it triggered a clause in one of the "limited partnership agreements that could cause that $690 million obligation to become due beginning next week."

Houston-based Enron, which is being purchased by rival Dynegy to escape a recent spate of problems and shattered Wall Street confidence, also increased nine-month earnings by a cent to 20 cents a share. Dynegy is purchasing the company for $7.8 billion in stock. In a filing with the Securities and Exchange Commission on Monday, Enron explained that auditor Arthur Andersen LLP hasn't finalised its review of the company's financial statements because of an ongoing investigation by a special committee appointed by Enron's board of directors. "We are continuing to review the transactions in question and are making progress with our investigation," said William K Powers Jr., chairman of the special committee and dean of the University of Texas School of Law. The merger is expected to go through by next summer. Dynegy, backed by major investor ChevronTexaco, will also assume $13 billion of Enron debt. Enron agreed to be bought after its stock price plunged about 80 per cent in the weeks after it disclosed a third quarter loss followed by an acknowledgment that the Securities and Exchange Commission was investigating partnerships run by company officials. (AP)
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE FINANCIAL EXPRESS, Wednesday, November 21, 2001
Maharashtra govt objects MSEB's 19% tariff hike, Sanjay Jog

Bowing to the pressure from an influential powerloom and agricultural lobby along with various consumer organisations, the state government has strongly opposed the Maharashtra State Electricity Board's (MSEB) 19 per cent tariff hike suggested for 2001-02 to the Maharashtra Electricity Regulatory Commission (Merc). The state government, in its affidavit before the Merc has made it clear that the tariff hike proposed by the state electricity board was on \"higher side in respect of domestic, agricultural, powerloom and public works consumers."

According to the government affidavit, the tariff hike for the domestic consumer for the slab of 0-30 units would comprise Rs 20 as fixed charge per month and 75 paise per unit as energy charge instead of MSEB's proposal of Rs 75 per month fixed charge. For non-domestic consumers, the government has proposed a fixed charge of Rs 100 per month and energy charge of Rs 2.50 per unit for 0-100 units. Although the government has proposed a fixed charge of Rs 100 per month for 101-200 units and 201-above units like the MSEB, it has suggested an energy charge of Rs 4.60 and Rs 6 as energy charge for 101-200 units and 201-above units respectively. For powerlooms, the fixed charge would be Rs 75 per horse power per month instead of MSEB's proposal of Rs 100 per kw per month. However, it has suggested different energy charges against MSEB's proposal of a similar energy charge of Rs 2 per unit. For agricultural consumers, the flat rate tariff would be Rs 100 per horse power per month instead of MSEB's proposal of Rs 300 per KW per month for load between 0-5 horse power. The state government has admitted that there was a difference of opinion between it and the state electricity board with regard to the proposed tariff increase.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
THE FINANCIAL EXPRESS, Wednesday, November 21, 2001
State opposes MSEB proposal on 19 per cent power tariff hike, Sanjay Jog

Bowing to the pressure from an influential powerloom and agricultural lobby along with various consumer organisations, the state government has strongly opposed the Maharashtra State Electricity Board's (MSEB) 19 per cent tariff hike suggested for 2001-02 to the Maharashtra Electricity Regulatory Commission (Merc). The state government, in its affidavit before the Merc has made it clear that the tariff hike proposed by the state electricity board was on "higher side in respect of domestic, agricultural, powerloom and public works consumers." According to the government affidavit, the tariff hike for the domestic consumer for the slab of 0-30 units would comprise Rs 20 as fixed charge per month and 75 paise per unit as energy charge instead of MSEB's proposal of Rs 75 per month fixed charge. For non-domestic consumers, the government has proposed a fixed charge of Rs 100 per month and energy charge of Rs 2.50 per unit for 0-100 units.

Although the government has proposed a fixed charge of Rs 100 per month for 101-200 units and 201-above units like the MSEB, it has suggested an energy charge of Rs 4.60 and Rs 6 as energy charge for 101-200 units and 201-above units respectively. For powerlooms, the fixed charge would be Rs 75 per horse power per month instead of MSEB's proposal of Rs 100 per kw per month. However, it has suggested different energy charges against MSEB's proposal of a similar energy charge of Rs 2 per unit. For agricultural consumers, the flat rate tariff would be Rs 100 per horse power per month instead of MSEB's proposal of Rs 300 per KW per month for load between 0-5 horse power. The government has admitted that there was a difference of opinion between it and the MSEB with regard to the proposed tariff increase. "As such, it is necessary that MSEB and state government come to an agreement in this regard for which the Commission may take appropriate steps," the government said. "The government of Maharashtra has taken note of apprehensions expressed by public representatives and has come to the conclusion that the proposed tariff in respect of certain categories of consumers, as mentioned above, is indeed on the higher side."


-----Original Message-----
From: Mike & Courtney Grigsby [mailto:mgrigsby@swbell.net]
Sent: Tuesday, July 17, 2001 9:19 PM
To: Grigsby, Mike
Subject: CMTA Power Watch 2001

  <http://www.cmta.net/powerwatch/>


Have you had a chance to talk with Dave B. on any of this?  It might be
helpful for you to put a call in to Tom Martin today to give him your phone
number and to let him know that you are working closely with Dave and that
you are available for any questions.  Nothing may come up, but I think that
Tom would feel better with this gesture.  Probably wouldn't hurt to log the
same call or e:mail in to the rest of the guys on the list.  That will give
all of them a feeling of continuity with regard to information from Dave on
this project.  Do you have contact information for Brenda?  If not, I would
get that from Yvette Convey, her assistant.  She is making the rounds with
Patrick Conner and the corporate development team, doing site visits on two
additional paper mills that we may purchase.

Thanks.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 08/28/2000 08:50 AM
---------------------------

	Enron North America Corp.

	From:  Brenda F Herod                           08/25/2000 06:26 PM

To: Patrick Wade/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Edward D
Gottlob/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT,
Jim Coffey/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON
Subject: Project Triple Lutz

To date, my primary duties have been to oversee the internal valuation of the
contracts, and their unwind costs in our Risk books.  I have also been
involved with the Entex contract valuation.  Dave Baumbach has been the real
key to providing the data, and has all of the information.  Steve Jackson is
talking with Ed McMichael of Structuring on Monday to get some additional
eyes and resources looking at this also.  I feel we have done a thorough job,
but we do need everyone thinking of "what if's."  Our risk books are complex,
with many hand-offs internally.  Obviously our goal is to ensure that all of
the stones have been turned, and there are no surprises at the end of the
day.  I think Structuring will really be helpful in this arena.  After our
meeting yesterday, I believe everyone is much more comfortable in our
approach.  There were a couple of things that Dave was going to follow-up on
(Fixed-price deals, especially Calpine).

FYI:  I will be out of town on another project all of the week of 8/28 - 9/1,
and Tuesday, 9/5 and Wednesday, 9/6.  I have made arrangements to ensure that
I am in Houston on Thursday, 9/7 and Friday, 9/8 for the first visit to the
Triple Lutz data room.

In my absence next week, I want to reiterate to each of you that I am
available, and will have the Triple Lutz data with me.  If any issues come up
that you feel I can be helpful, please contact yvette Connevey @
713-853-5953, and she will get in touch with me.  Once again, DO NOT HESITATE
TO CALL ME!!!  I do not want anything falling through the cracks!


Can you get me a draft by Friday am?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/13/2000 04:44
PM ---------------------------

Ray Hoppe
12/13/2000 04:40 PM
To: Kay Mann/Corp/Enron@Enron
cc: Gil Muhl/Corp/Enron@ENRON, Ozzie Pagan/HOU/ECT@ECT

Subject: CA request

Kay, I need another CA drafted for the City of Alexandria LA.  We will be
exchanging information on possibly managing their gas and electric portfolio
for a 5 year term (maybe a little longer or shorter?)  They have two working
generators that we would manage, as well as possibly purchasing economic
power off the market.  They have an additional 33MW's that we would consider
repowering.  Along with that, we would be managing their natural gas needs to
supply the generators and/or selling the gas in the market when their
generation is not needed.

Here is their information:
 Attn: Mr. Gerard Alwell
 Alexandria, City of
 D. G. Hunter Generating Station
 1011 North 3rd Street
 Alexandria LA 71301
 318-473-1291


Oh, great. Our next call will be from Steve Peace.

-----Original Message-----
From: Shapiro, Richard
Sent: Tuesday, October 23, 2001 10:54 AM
To: Dasovich, Jeff; Kaufman, Paul; Mara, Susan; Steffes, James D.
Subject: Re: Pescetti

Next seat is a Dem. Seat.
--------------------------
Rick S.

-----Original Message-----
From: Dasovich, Jeff <Jeff.Dasovich@ENRON.com>
To: Kaufman, Paul <Paul.Kaufman@ENRON.com>; Mara, Susan <Susan.J.Mara@ENRON.com>; Steffes, James D. <James.D.Steffes@ENRON.com>; Shapiro, Richard <Richard.Shapiro@ENRON.com>
CC: Dasovich, Jeff <Jeff.Dasovich@ENRON.com>
Sent: Tue Oct 23 10:16:39 2001
Subject: Pescetti

Paul:

Got your voice mail regarding Anthony Pescetti running for a FERC seat.  Here are some quick thoughts.  Sue likely has some additional experiences and information to share.  Be happy to discuss further.

*	Republican assemblymember from the Sacramento area.
*	Was a member of the Sacramento muni utility district prior to going to the legislature.
*	Republican (minority) head of the assembly electricity oversight committee (the one that Rod Wright chairs).
*	Don't recall that he's ever seen a a pro-utility bill that he didn't like.
*	In fact, he sponsored some legislation just this past session that would have locked the utilities in to major parts of the gas industry, and specifically wold have locked out competition.  It was strongly opposed by industry and defeated.
*	When push came to shove, I can't think of a time he didn't side with the utilities.
*	Even when the Assembly Republicans were doing of good job of bottling up Davis' ridiculous bailout bills in Rod Wright's committee, Pescetti seemed to go along more to tweek the Democrats than to foster competition.
*	And even then, he followed; he didn't lead--other, more junior, members on the committee led.
*	Can't recall a time that he's been there for us.

I'd be happy to talk with him, but if we need someone at the Rick level to contact him, that's great, too.  Just let me know.

Best,
Jeff


Looks fine.

	Jeffrey T Hodge
	12/28/2000 05:05 PM

		 To: Colleen Sullivan/HOU/ECT@ECT, shak@ev1.net
		 cc: Richard B Sanders/HOU/ECT@ECT
		 Subject: TDC

Colleen:

Attached is a revised version of the draft you forwarded.  We can discuss
next week, but this will not be sent to TDC until the lawsuit is filed.  By
copy of this e-mail, I am asking Richard Sanders to take a quick look  at the
letter including specifically the next-to-last paragraph.

Jeff


We have conference room 6716 from 3:00 to 4:00 each day for OPS.  I have not inspected the room to see if it will accommodate our entire group.

Thanks,
Mike


Join Cindy Olson, executive vice president of Human Resources and Community
Affairs, Tuesday, February 6 at 10:00 am Houston time.  Cindy will conduct an
open-mike discussion about Enron's latest PRC process.  Remember: If you
can't make the live event, visit the eSpeak site now and post your
question(s).

ethink.enron.com


Gerald,

The first attachment is my changes to your letter, which are in bold.  We
also need to know what the NWPL interconnect meter number is, so that our
people can schedule the gas on NWPL from that meter to wherever/whatever they
want to do with the gas.  We/I also need to send Wildhorse something to
inform them of the  contact list - names and phone numbers, and let them know
where to send the transport invoice to.  Should this be in the same letter,
or a different one.... per my conversations with Becky at Wildhorse, they
need this information set up in their system before we nom.  I'll be here
this afternoon.  Please call.

To: Joan Quick/HOU/ECT@ECT
cc: Mark Whitt@ECT, Barbara Gray, Arvel Martin/HOU/ECT@ECT, Scott
Josey/Corp/Enron@ENRON
Subject: Wildhorse Nomination Letter

Attached for your review is a draft of Wildhorse Nomination Letter.  Please
review and provide any comments.  Mark & Joan, I need help with the
nomination format and facts in the first paragraph.


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/06/2000 06:05
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/05/2000 09:48 AM

To: undisclosed-recipients:;
cc:
Subject: DJ Calif ISO: 11,000 MW To Be Off Line For Much Of December - 2,7 00
MW Off Grid Tue On Expired NOx Credits

17:17 GMT 5 December 2000 *DJ Calif ISO: 11,000 MW To Be Off Line For Much
Of December
(MORE) DOW JONES NEWS 12-05-00
12:17 PM
2,700 MW Off Grid Tue On Expired NOx Credits
LOS ANGELES (Dow Jones)--A spokeswoman for the California Independent System
Operator said Tuesday about 11,000 megawatts of power would be off the
state's power grid for much of December.
The ISO, which declared a stage one power emergency early Tuesday morning
after a stage two emergency Monday, is responsible for maintaining grid
reliability in the state.
About 2,700 MW were off line Tuesday due to expired nitrogen oxide emission
credits, spokeswoman Stephanie McCorkle said.
"There is a tight market for air emission credits, just like there is a
tight market for natural gas right now," McCorkle said.
Of the 11,000 MW currently off line, 7,000 MW were off line for unplanned
maintenance. That figure includes those taken down for expired air emission
credits.
(MORE) Dow Jones Newswires 12-05-00
1239EST

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

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.


----- Forwarded by Tana Jones/HOU/ECT on 01/17/2001 11:33 AM -----

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	01/17/2001 10:22 AM

		 To: tana.jones@enron.com
		 cc:
		 Subject: Troubleshooting issue re: Cargill-Alliant Confirmation

Tana, in light of your instructions that we not work on confirmations until
"confirm training" is complete, I am asking you to help resolve a problem
brought to my attention by Mara Alexander at Cargill re: a confirm.  I had
not worked on the confirm so this is the first time I am hearing about the
issue.

As per Mara's fax, a copy of which I am forwarding to you, a confirmation was
sent on Jan. 12th for a trade done on the 11th.  Although there is an ISDA
pending for Cargill-Alliant, the Confirm that was sent does not, according to
Mara, reference the pending ISDA.

Please let me know if you can help resolve this.  I have meetings all
afternoon, so if I am not around, leave me an email.


I would assume 30mm for planning purposes

-----Original Message-----
From: Buy, Rick
Sent: Sunday, December 30, 2001 10:10 AM
To: Kitchen, Louise
Subject: RE: Re-start/Integration Planning

Louise- Any notion of amount of risk bidders are comfy with, both credit and market? I doubt anything specific has been discussed but have any ranges been thrown out. Hope all is well. Happy New Year. Rick

-----Original Message-----
From: Kitchen, Louise
Sent: Fri 12/28/2001 1:23 PM
To: Rub, Jenny; Webb, Jay; Oxley, David; Myers, Thomas; Colwell, Wes; Hodges, Georgeanne; Taylor, Mark E (Legal); Brackett, Debbie R.; Buy, Rick; Port, David; Beck, Sally; Reeves, Leslie; Hall, Bob M
Cc: Lavorato, John
Subject: FW: Re-start/Integration Planning

Although yesterday's meeting was excellent, we do need to get a lot more detailed on the Re-start plans.  I would like everyone to have completed their re-start plans by the end of next week for mid/back office.  I realize you have all done a tremendous amount of work so far and this is what we really need to get in documentation form particularly as we may have a partner/buyer who we have not had as many detailed meetings with.

As you can see from the email below we are asking the commercial groups to do the same thing.

Let me know if there are any issues - we are planning for a Jan 20 restart.

Thanks

Louise

 -----Original Message-----
From:   Kitchen, Louise
Sent:   Thursday, December 27, 2001 4:58 PM
To:     Belden, Tim; Calger, Christopher F.; Presto, Kevin M.; Duran, W. David; Robinson, Mitch; Forster, David; Curry, Mike; Arnold, John; Shively, Hunter S.; Milnthorp, Rob; Zufferli, John; Luce, Laura; Vickers, Frank; Neal, Scott; Lagrasta, Fred; Aucoin, Berney C. ; Steffes, James D.; Roberts, Mike A.; Grigsby, Mike; Tycholiz, Barry; Allen, Phillip K.; Redmond, Brian; Martin, Thomas A.

Cc:     Lavorato, John
Subject:        Re-start/Integration Planning

We have for the last couple of weeks started to compile the Re-start/Integration Plans for Netco.  So far, we have primarily focussed on the mid/back plans where the technology requirements have been the driving factors.  Several plans are  in progress:-

+       Infrastructure          Jenny Rub
+       Development             Jay Webb
+       EnronOnline             Webb / Forster
+       HR                      David Oxley
+       Cash Management Tom Myers
+       Credit                  Debbie Brackett

The rest will be completed shortly.

We now need to focus on the commercial plans which have a slightly different focus. John and I would like to receive the plans "Re-start/Integration"  plans by January 7th, 2002 in order to go through them individually with each of you or in groups.  The focus should be to ensure that we have as much of the business up and running in the shortest time possible.  I have a suggested outline which you do not have to use but I thought it might help.  Please decide within yourselves the areas you will cover together or individually.

Customer Side
+       Customers               Phase  1 - First Week (eg top 10)
                                Phase  2 - First Month (eg top 50)
                                Phase  3 - First Quarter (eg top 100)
+       Action Plan             Phase  1 Customers
                                Phase  2 Customers
                                Phase  3 Customers
+       Contracts by customers (pre-prepared with credit terms etc)
+       Customer visit schedule

Product Side
+       List of Products        Phase 1 - First Week
                                Phase 2 - First Month
                                Phase 3 - First Quarter

Target Number of Transactions
+       Phase 1
+       Phase 2
+       Phase 3

IT transfer

Louise


I spose so but we might have to take stupid as well I just found out.


great time.  SO sorry I passed out.  Man, I just suddently hit the wall.

On the Jay thing.  There's no pressure at all.  If you guys are uncertain, that's no problem.  Just need you to understand that I'm moving ahead.  Most importantly in the near term.  Are you guys hip on sharing the cost of getting appraisals?  Just let me know.  And again, let's keep this light.  No frictions.  Everyone needs to feel comfortable with where they are, etc. etc. etc.  Worse thing in the world is to let biz/finances get in the way of friendships.

Keep your taht moh rising.


Thanks Justy, you're the best!

	Justin Boyd
	11/17/2000 02:33 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Hi Tana - yes, I agree! TooToo J


In anticipation of your meeting tomorrow, I have attached a summary of
Enron's credit exposure to PG&E Corp and its affiliates as of Friday, January
5th.  I will be happy to provide you updated numbers if necessary in the AM.

Please call if you have any questions.

Bill


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2000 08:57 AM -----

	SLowe@milbank.com
	05/19/2000 06:19 PM

		 To: dhemsey@dlj.com, pwoodbur@dlj.com, rpiskadl@dlj.com, jball@dlj.com,
dscott@dlj.com, jeldredge@velaw.com, smacgibbon@velaw.com,
mschimberg@velaw.com, tchandler@velaw.com, mabboudy@enron.com,
mevans@enron.com, carol.st.clair@enron.com, donette.dewar@enron.com,
eosterberg@velaw.com, baiken@enron.com, mrh@mm-brig.mottmac.com,
jll@mm-brig.mottmac.com, crj@mm-brig.mottmac.com
		 cc: TSiebens@milbank.com, PFletcher@milbank.com, TDavis@milbank.com,
BKayle@milbank.com, LKeene@milbank.com, FKneip@milbank.com,
FPuleo@milbank.com, ERayner@milbank.com, MWilson2@milbank.com,
AWalker@milbank.com, DLamb@milbank.com, SRivers@milbank.com
		 Subject: Margaux - Sent on behalf of James Eveling

Please find attached clean and black-lined versions of the Swap Confirmation,
Swap Assignment Agreement and Calculation Agency Agreement.

Please note that in the Swap Confirmation, items relating to the Sarlux
Indexation Adjustment, forms of Calculation Agent Certificate and Independent
Engineers Certificate and Schedule 4 (Projected Adjustments) still require
completion.? We would therefore welcome the suggestions of the working group
in order to finalise these outstanding items.? We currently plan to circulate
revised drafts of the Swap documents on Monday to the Equity,? which will
incorporate comments we receive from the group by Monday am (London time).

You will note that the $ amount for the Trakya Forced Outage Adjustment has
been changed to $911,000 (from $910,000).? This reflects the most up to date
figures sent to us from Jeff Ball at DLJ.

Kind regards

James Eveling?

 <<SwapConf.doc>>  <<Swapblk.doc>>  <<SAA.doc>>  <<SAABlk.doc>>  <<CAA.doc>>
<<CAAblk.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - SwapConf.doc
 - Swapblk.doc
 - SAA.doc
 - SAABlk.doc
 - CAA.doc
 - CAAblk.doc


---------------------- Forwarded by Chris Germany/HOU/ECT on 01/09/2001 07:19
AM ---------------------------

John Hodge@ENRON
01/08/2001 05:21 PM
To: Frank W Vickers/NA/Enron@Enron, Scott Neal/HOU/ECT@ECT, Julie A
Gomez/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Sean
Boyle/Corp/Enron@ENRON
cc:
Subject: Tennessee's CanEast Project and Transco's MarketLink Expansion

Tennessee is finalizing their CanEast project which will scoop the
Independence Pipeline effort and allow Tennessee to deliver 280,000 Dthd into
Leidy beginning in 11/1/01 at the same time the first phase of Transco's
MarketLink begins.  The first phase of MarketLink has a capacity of 166,000
Dthd and the second phase is scheduled to begin 11/1/02 with an additional
130,000 Dthd.  Tennessee was the successful bidder on a recent open season
that National Fuel had for 19,100 Dthd of space between Niagara and Leidy.
Tennessee has executed a 10 year lease for the space.  They will use this
capacity and a 10 year lease arrangement that they are finalizing with
Dominion Transmission for Ellisburg to Leidy capacity to form the basis of
their CanEast Project.  The Dominion lease will allow Tennessee to use
unsubscribed Zone L to Zone 4 capacity and deliver approximately 260,000 Dthd
from the Gulf Coast to Leidy.  (Dynegy negotiated an index-based, revenue
sharing contract with Tennessee for delivery into Dominion using this
capacity for the 11/1/00 - 10/31/01 period).  Tennessee is currently
negotiating with shippers to subscribe to the CanEast capacity.  They are
willing to negotiate contracts less than ten years and have negotiated terms
that synch up with the second phase of MarketLink.  This should allow
available capacity from the Gulf Coast or Niagara to Leidy or secondary
delivery points such as Dominion (since Phase I of MarketLink is set) for one
year contracts.

As a reminder, firm shippers with binding contracts on MarketLink are:

Phase I (11/1/01 start)   Volume  Delivery Point  Comment

Aquila Energy Marketing    25,000 Dthd Manhattan(Con Ed) Option to change to
          11/1/02 start date
Consolidated Edison     30,000  Manhattan(Con Ed)
ConEdison Energy     10,000  Manhattan(Con Ed)
St. Lawrence Cement       1,000  Camden
Williams Energy Marketing  100,000  Manhattan(Con Ed)

Total Phase I    166,000 Dthd

Phase II (11/1/02)

Virginia Power Energy Marketing 100,000 Dthd Trenton-Woodbury Non-New York
PPL Energy Plus     30,000  Princeton Junction Non-New York

Total Phase II    130,000 Dthd

Transco has until the end of April 2001 to file additional binding executed
contracts with the FERC for an additional 404,000 Dthd of Leidy to New York
capacity or the MarketLink Expansion as approved by FERC will be limited to
the 296,000 Dthd of the first two phases.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/27/2000
10:46 AM ---------------------------

Regina Perkins
10/26/2000 10:50 AM
To: Darron C Giron/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT
cc: Jacqueline P Adams/HOU/ECT@ECT, Patti Sullivan/HOU/ECT@ECT
Subject: New Trade Zone - Wildhorse Energy Partners, LLC

Darron,

I have setup the new pipe/zone  Wildhorse Energy Partners with WHEP/WHEP
which Jackie requested.  I need to know how you would like this mapped.

Pipe  Zone  Mid-Market  Intramonth  Gas Daily
WHEP  WHEP      ???         ???       ???

Please let me know as soon as possible because the pipe is now ready for
selection in SITARA.  I would like to setup the curve mappings before it is
put into use.

Chao!
X39222

---------------------- Forwarded by Regina Perkins/HOU/ECT on 10/26/2000
10:39 AM ---------------------------

Faye Ellis
10/26/2000 09:59 AM
To: George Grant/HOU/ECT@ECT
cc: Regina Perkins/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Marlene
Hilliard/HOU/ECT@ect
Subject: New Trade Zone - Wildhorse Energy Partners, LLC

George, we need a new trade zone added for a new pipe (Wildhorse Energy
Partners, LLC)

Pipe Code:   WHEP
Trade Zone: WHEP

The scheduler is Jaqueline Adams at X33918.  She agrees that the trade zone
can be the same as the pipe code.

Please let me know as soon as this zone is added, so that I may get started
on added all the meters.

Thanks,
Faye


What do you think of this?


Thank you all for being so responsive.

I'm still waiting for claims on:
Ameren
AIG
CLECO
Colonial
ConAgra
Dominion
Enterprise
Chase
Noble
Cornerstone
Occidental
Carolina Power and Light
Southern Co.
Western Gas Resources

Anyone? Please let me know by noon today.

Thanks again for your help.

Jennifer


Paul,

Going forward, the reports below should be sent to Kevin Hannon and not Greg
Whalley.

Many Thanks,

Liz

Paul Smith@ENRON_DEVELOPMENT
01/21/2000 03:08 AM
To: Sue Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christine
Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph P
Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosalind
Ti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jana
Morse/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris Abel@ENRON_DEVELOPMENT,
Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Whalley@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, sscott5@ect.enron.com, John
Bowman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Australia DPR 21 Jan 00

3 new trades
Sell 5 NSW Peak Jul Future
Sell 5 NSW Peak Aug Future
Buy 5MW Call Option QLD Flat - Bal Q1

PL -165k

SRA VIC-SA Liquidations
QLD Liquidations


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
11/19/98 03:17 PM ---------------------------

Brent Hendry@ENRON_DEVELOPMENT
11/19/98 12:28 PM
To: Mark - ECT Legal Taylor@ECT
cc:
Subject: Indemnification

I wanted to run this agreement by you before I sent it to Randy.  The
Directors and officers of Argentine companies have joint and several
liability to the shareholders and third parties for their acts as directors
and officers and therefore what often happens is that the companies agree to
indemnify them as long as they are acting within their scope of employment.
I have created this form out of several documents I have run across and
wanted to know if it looks reasonable.  I will also check into whether it
needs to be approved by the shareholders and whether an Argentine company can
even agree to indemnify its directors and officers in advance of any action.
Please let me know what you think.


The Pitch:

On Saturday and Sunday, April 20 - 21, 2002, I will be joining over 9,000 other cyclists riding 180 miles from Houston to Austin in the annual BP MS 150 Bike Tour. The tour is a charity fundraising event supporting the National MS Society's fight against multiple sclerosis.
I am calling on you and all of my friends and family to contribute on my behalf to the National MS Society. By making a pledge, you are supporting MS research, programs and education. You are also helping me acheive my fundraising goal of $300.00!
Instead of going to the trouble of mailing a check, you can use the following link to donate online in my name. You can hyperlink on the link below to go to the BP MS 150 site, where donating is fast, easy and secure. At the website you will be able to choose an amount to donate and make the donation immediately. I will be notified via email as soon as you make your pledge.
http://www.ms150.org/ms150/donate/
Be sure to fill in my name and email address so I will get credit. If you would like more information about the tour and about MS, the site has a wealth of information.
Thanks!
Sincerely,
Rick Krejci


I really can't believe things happened the way they did.  I thought everything was set for you guys to get another opportunity for the national championship.  I also thought the case for Roy Williams to win the Heisman would become really strong.  I didn't get to watch the OU-OSU game, but I received about 30 phone calls the last two minutes of the game.

I am excited that some breaks have gone our way, but it will be difficult to beat CU twice in one season.  Also, I am not sure that I want to ever play Miami after seeing them the last two weeks.

Don't be too upset, you guys are going to be tough next year and you are riding a two year win streak on us right now....(11-0 would sound a lot better than 10-1).

I'll be heading to Dallas early Saturday morning.

Take care,
Zac
 -----Original Message-----
From: 	McConnell, Mark
Sent:	Monday, November 26, 2001 8:52 AM
To:	McCarroll, Zachary
Subject:	WOW

It just goes to show.... If you just keep winning, things usually work out.  Good luck at Texas Stadium.

Mark

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 01/09/2001 03:26
PM ---------------------------

	Enron North America Corp.

	From:  Matt Motley                           01/05/2001 08:30 AM

To: Mike Grigsby/HOU/ECT@ECT
cc:
Subject: New Generation Report, December 1999

---------------------- Forwarded by Matt Motley/PDX/ECT on 01/05/2001 06:34
AM ---------------------------

Kristian J Lande

01/02/2001 06:15 PM

To: Christopher F Calger/PDX/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Frank W
Vickers/HOU/ECT@ECT, Elliot Mainzer/PDX/ECT@ECT, Michael McDonald/SF/ECT@ECT,
David Parquet/SF/ECT@ECT, Laird Dyer/SF/ECT@ECT, Jim Buerkle/PDX/ECT@ECT, Jim
Gilbert/PDX/ECT@ECT, Jeff G Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ed
Clark/PDX/ECT@ECT, Angela Cadena/PDX/ECT@ECT, Jonalan Page/PDX/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Todd Perry/PDX/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT
Subject: New Generation Report, December 1999


_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

The following questions were raised by our review of the draft
environmental schedules on Dealbench.

LV Cogen I and II

1.  Schedule 4.1(i) references an annual audit of the CEM system in May
2000.  Is this audit on Dealbench and/or can we get a copy of it?

2.  Please provide a copy and/or reference to a Dealbench document for the
Phase I referenced on Schedule 4.1(n).

3.  Please provide copies and/or references to Dealbench documents for the
items listed as 1, 2, 3, 4 and 5 on Schedule 4.1(u).  [Note that we have
reviewed the 1995 storm water permit, but did not see an indication that it
is automatically renewed.  Is this reflected elsewhere?]

Wheatland, Gleason and Lincoln

1.  We noticed that Schedule 4.1(u) for each facility indicates that an
SPCC is needed but not currently in place.  What is stored that triggers
the SPCC requirement?  How long have these materials been stored at the
facilities?

Please feel free to call me if you have any questions or if you would like
to discuss these issues in further detail.  Thanks.


Energy Insight News for Friday, November 16, 2001
Terrorism elevates energy policy importance

Even with a high-powered electron microscope, it is hard to see any silver
lining in the clouds surrounding the events of Sept. 11. The attacks on the
U.S. did, however, spotlight the country's need for more domestic oil and
gas reserves and a uniform national energy policy.

Initially, the Bush/Cheney energy plan was bumped down on the White House
and Capitol Hill's list of legislative priorities. But that plan, in
different formulations, has begun to resurface, propelled by a new sense of
urgency that could turn into a crisis if retaliatory American military
action destabilizes an already unstable Middle East, bringing about another
oil shock.

The war against terrorism could still push energy off the political agenda
because lawmakers have no time to focus on it. But commodity indices could
end up benefiting should policy makers decide to pursue U.S. energy
independence, even though it remains unclear, as yet, how that might
ultimately play out.

American independents have always had an ambiguous attitude toward the
Organization of Petroleum Exporting Countries (OPEC). For decades, the
cartel has kept global oil prices, for the most part, high, which obviously
has helped U.S. producers.

"Independents have a great love-hate relationship with OPEC. When they are
doing what they are doing now-that is, keeping the price at a range which
makes sense for them economically-it generally works out pretty well for us
as well, because it's a price that keeps oil in the $20-something range,"
said Lee Fuller, vice president of government relations for the Independent
Petroleum Association of America (IPAA), the industry's Washington-based
trade group. "And that's about where it needs to be to have a healthy
domestic industry. But when they (OPEC members) start getting into the fight
that they got into for market share in 1998 or 1999, then they have the
capability to really drive the price down." Read the entire story at
http://www.energyinsight.com.
Also, catch the latest news headlines on Energy Insight Executive, updated
twice daily.
///////////////////////////////////////////////
Market Brief    Thursday, November 15
Stocks  Close   Change  % Change
DJIA    9,872.39        48.8    0.50%
DJ 15 Util.     289.76  (3.9)   -1.34%
NASDAQ  1,900.57        (2.62)  -0.14%
S&P 500 1,142.24        1.0     0.09%

Market Vols     Close   Change  % Change
AMEX (000)      171,605 8,536.0         5.23%
NASDAQ (000)    2,020,360       (155,735.0)     -7.16%
NYSE (000)      1,463,225       48,591.0        3.43%

Commodities     Close   Change  % Change
Crude Oil (Dec) 17.72   (2.02)  -10.23%
Heating Oil (Dec)       0.5155  (0.046) -8.14%
Nat. Gas (Henry)        2.565   (0.111) -4.15%
Propane (Dec)   31.50   (2.75)  -8.03%
Palo Verde (Dec)        26.25   (1.00)  -3.67%
COB (Dec)       31.50   (1.50)  -4.55%
PJM (Dec)       27.50   (0.10)  -0.36%

Dollar US $     Close   Change  % Change
Australia $     1.929   0.004   0.21%
Canada $        1.59    (0.005) -0.31%
Germany Dmark   2.22    0.005   0.23%
Euro    0.8819  (0.000) -0.06%
Japan ?en     122.4   0.800   0.66%
Mexico NP       9.21    0.020   0.22%
UK Pound        0.6985  0.0052  0.75%

Foreign Indices Close   Change  % Change
Arg MerVal      227.33  5.85    2.64%
Austr All Ord.  3,276.00        7.00    0.21%
Braz Bovespa    12825.62        0.00    0.00%
Can TSE 300     7262.90 (86.55) -1.18%
Germany DAX     5006.33 52.80   1.07%
HK HangSeng     11239.39        289.35  2.64%
Japan Nikkei 225        10489.89        403.13  4.00%
Mexico IPC      5778.65 26.93   0.47%
UK FTSE 100     5,238.20        (2.50)  -0.05%

Source:  Yahoo! & TradingDay.com
//////////////////////////////////////////////
Executive News
Kuwait says OPEC's target price band too high
Kuwait believes OPEC's average target price of $25/barrel for OPEC's crude
basket, mid-range of a $22-$28 price band, is too high given the state of
the world economy, Kuwaiti oil minister Adel al-Subih said Thursday.

"We as Kuwait...would be satisfied with the lower half of the band," Subih
said, adding that Kuwait had proposed lowering the band to $20-$25/barrel.
"I think OPEC will reconsider the price band at a later stage." Subih said
Kuwait had also suggested that the price band mechanism become "a target
rather than a mechanism."

Under the mechanism, OPEC could cut or increase production by 500,000
barrels per day if prices strayed from the band for a determined period of
time, but this has been allowed to lapse since the recent slide in prices
and the economic uncertainty following the Sept. 11 attacks in the U.S.
Subih said Kuwait had based next year's budget on a price of $15/barrel for
Kuwaiti crude.

"I see there will be very hard times to come in the form of very low prices
and then things will square out," Subih said when asked how long it would be
before non-OPEC agreed to cooperate. But he stressed OPEC's move did not
constitute a price war. "We are not talking about a price war. That would
mean dumping oil. We have huge excess capacity and that we do not intend to
do," Subih said.

He added OPEC was making an "offer that is hard to refuse" in offering to
cut 10 barrels in return for one from non-OPEC producers. "There is no time
frame but I would say before January, we will have something developing.
Already there are positive signals from non-OPEC producers." Subih said OPEC
had been forced to act because independent producers had failed to respond
to calls for voluntarily output cuts on three occasions this year when OPEC
had slashed output by 3.5 million barrels per day.

Caterpillar and FuelCell Energy agree to jointly distribute fuel cell
technology
Caterpillar Inc. and FuelCell Energy, Inc. have signed an agreement to
distribute fuel cell products for industrial and commercial use. Under the
agreement, Caterpillar will distribute FuelCell Energy products through
selected Caterpillar dealers in the United States. Both companies will also
pursue an alliance to jointly develop fuel cell systems, including highly
efficient hybrid products integrating Caterpillar's turbine engine
technology. "We view this agreement with Caterpillar as a significant
milestone for FuelCell Energy, because it will strengthen our market
opportunities and enhance our distribution channels," said Jerry Leitman,
FuelCell Energy's president and chief executive officer, in a statement.
"Both companies stand to benefit from this strategic relationship as we work
together to provide efficient fuel cell energy to distributed power
generation markets--particularly in California and the northeastern United
States."

To subscribe to our Executive News Service, which is updated twice daily,
log on to http://www.energyinsight.com, or contact Platt's Direct Response
Team at 1-800-424-2908 (if outside the United States call 1-720-548-5700).
///////////////////////////////////////////////


Thanks for the review.  A more formal response is not necessary at this
time.

	"Daniel Clearfield" <dclearfield@wolfblock.com>
	03/23/2001 12:04 PM

		 To: <Gerald.Nemec@enron.com>
		 cc:
		 Subject: Re: Compression Services Agreement for Tennessee Gas Pipeline

Gerry, I've looked over the agreement and still don't believe that it raises
any PUC regulatory issues.  If you need more (or a more formal version of
this e-mail) please contact me.

Daniel Clearfield, Esq.
Wolf, Block, Schorr and Solis-Cohen LLP
212 Locust St., Suite 200
Harrisburg, PA  17101
(717) 237-7173
(717) 237-7161 fax

>>> <Gerald.Nemec@enron.com> 03/20/01 12:59PM >>>
Dan,  Per our discussion, attached is the Compressor Services Agreement
between Enron Compression Services Company  and Tennessee Gas Pipeline
Company.  This is a rough draft at this point, but should give you a good
idea of the structure of this deal.  Note that Section 3.4 will be removed
as this is no longer part of the deal.

(See attached file: EP comp agmt1.doc)


A claims bar date of September 5, 2001 has been set in the PG&E bankruptcy
case, by which date all pre-petition claims against PG&E must be filed with
the Bankruptcy Court.  A claims bar date of July 7, 2001, has been set for
the filing of &general unsecured creditor claims8 against the PX; however, no
bar date for filing &market participant claims8 has yet been established in
the PX case.

 -----Original Message-----
From:  CRCommunications <CRCommunications@caiso.com>@ENRON
[mailto:IMCEANOTES-CRCommunications+20+3CCRCommunications+40caiso+2Ecom+3E+40E
NRON@ENRON.com]
Sent: Tuesday, May 22, 2001 3:17 PM
To: ISO Market Participants
Subject: CAISO Notice: Bankruptcy Claims Bar Dates
Importance: High

ISO Market Participants:

Please see notice below regarding claims bar dates in the PG&E and PX
bankruptcy cases.

 <<MARKET NOTICE.doc>>

 - MARKET NOTICE.doc


Please take me off your mailing list


Hi Paul.  Thank you again for your support. I am going to revise and
check the info. with my notes and i will revert to you.

I am now 100% sure that we can complete this deal. Is unbelievable how
inefficient is the actual discharge operation in the three terminals in P.R.
Also, Empire Gas expressed that if they receive an incentive on top of
their actual economies they have no problem in using ProCaribe .
However, they do not want to depend on Enron for their supplies.

As agreed,  once we complete the material for the next meeting
with PDVSA we will discuss it with you and Greg.

Regards,

William Andr?s

From:	Paul YBarbo/ENRON@enronXgate on 06/01/2001 04:15 PM CDT
To:	William Mauco/SA/Enron@Enron, Greg Curran/CA/Enron@Enron, Miguel Maltes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico Haeussler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elio Tortolero/ENRON@enronXgate, Mariella Mahan/ENRON@enronXgate
cc:

Subject:	FW: Port Costs

William,

Attached is a revised PDVSA freight cost comparison for delivery to Empire versus delivery to ProCaribe. The analysis incorporates the data provided by Miguel Maltes that is shown below. This new analysis indicates that port costs are lower than previously assumed but vessel costs are higher. The net impact is virtually NO CHANGE. Please call me if you have any questions.

Paul

 -----Original Message-----
From: 	Maltes, Miguel
Sent:	Friday, June 01, 2001 10:39 AM
To:	Y'Barbo, Paul
Subject:	Port Costs

Paul,

The information that follows was provided by Luis Ayala Col?n Sucrs., Inc, the PDVSA shipping agency in Puerto Rico.  These are actual port costs using the LPG/C Nelly Maersk which is the vessel servicing Empire Gas Company this year.

The following are the port costs estimates (quite close):

	1.  Barrels discharge per trip at CORCO - 30,000 bbls., Tropigas - 24,000 bbls., Liquilux - 20,000 bbls.,  One trip is three 	     ports and another trip is two ports per month.

	2.  Discharge rates were given to us on an hourly basis and the agents took the average time per docking:  CORCO -                          	    48 hours or 625 bbls/hr., Tropigas - 28 hours or 857 bbls/hr., Liquilux - 20 hours or 1,000 bbls/hr.,

	3.  Port costs at:

		Tallaboa $18,000
		CORCO $18,000
		Tropigas $13,000
		Liquilux $17,000

	    Liquilux port costs are per the Port of Ponce tariffs which are different from the Puerto Rico Ports Authority tariffs
                    which apply to Tallaboa, Guayanilla and San Juan.  At San Juan (Tropigas) the tug boats cost less due to the fact
                    that all tug boats companies are docked within the San Juan bay.

	4.  Port costs are not included in the vessel costs.

	5.  Port costs includes dockage, wharfage, harbor pilots, tug boats, and harbor fees.  ProCaribe charges the
                     dockage and warfage to the shipping agent.  All these costs are charged by the shipping agent to the owner of the  	     vessel, the owner of the vessel then charges the charter party.

	6.  Other costs:  Crudita - $4/barrel., Customs - $610.00 (Custom entry service $125, Custom duty deposit $485).,
                     Laboratories - $135/test (3 - 5 per ship)., Inspectors - $0.1780 per long ton., Loss Control Agent - $0.35 per MT.,

	7.  Days steaming from Jose Venezuela to Puerto Rico and in between island ports:

	              Jose to Puerto Rico (Ponce, Guayanilla and Tallaboa) - 36 hours
	              San Juan to Jose - 46 hours
	              CORCO to Ponce - 2 hours
	              Ponce to San Juan - 14 hours
       	              CORCO to San Juan - 14 hours

	     These timings are from dock to dock.

	8.  ProCaribe annual expenses:

	            Year				2000		2001 (1CE)
	            Payroll				$554M		$525M
	            O + M				$1,447M	$1,534M
	            Depreciation			$475M		$492M
    	           Taxes other than income		$211M		$250M
        	           Other expenses			$160M		$86M

I hope this figures can help you in your model.  If you have any questions please call me.

Saludos


-----Original Message-----
From: Novosel, Sarah
Sent: Tuesday, October 16, 2001 10:46 PM
To: Novosel, Sarah; Presto, Kevin M.; Davis, Mark Dana; May, Tom; Will, Lloyd; Lindberg, Susan; Gupta, Gautam; Misra, Narsimha; Scheuer, Janelle; Baughman, Edward D.; Herndon, Rogers
Cc: Nicolay, Christi L.
Subject: RE: RTO Week -- Summary of Congestion Management Panel

 RTO Week

Day 2 -- October 16, 2001

Congestion Management and Transmission Rights

The morning panel discussion was on congestion management.  The panelists were:  Nancy Brockway, Commissioner New Hampshire PSC; Reem Fahey, Edison Mission; Carol Guthrie, Chevron/Texaco; Shmuel Oren, University of California - Berkley and advises Texas PUC; Andy Ott, PJM; Michael Schnitzer, NorthBridge Group.

General Observations

The Commissioners were again all present (Wood left mid-morning to give testimony on Capitol Hill).  Today, however, FERC Staff was much more active in the discussion and the commissioners asked very few questions.  The topics are so interrelated that many of the same issues already discussed are being rehashed again.  This will probably continue for the rest of the week.  What I have found most encouraging so far has been the widespread support for some of the basic concepts, most notably the need for a real time energy market based using LMP.  Very few panelists have opposed this; at most, a couple of panelists have argued that the real time market should not be standardized -- basically conceding that PJM's system will be implemented in the Northeast but urging that it not be mandated everywhere else.

Locational Marginal Pricing

The panelists all agreed that LMP in the real time market is necessary (Schmuel Oren does not oppose it).  Most of the panelists think this needs to be standardized across RTOs.  Andy Ott says the seams will remain a problem and a barrier to trading if the real time market is not standardized.   Carol Guthrie does not favor standardization and urged FERC to not standardize the PJM system throughout the eastern interconnect.  She said FERC should try a couple of different systems and see what works.

FTRs versus Flowgates

The panelists agreed that transmission rights should be financial, not physical.  Schmuel conceded this point for the discussion but this may not be his preference - unclear.  Most of the panelists, including the PSC commissioner, prefer FTRs rather than flowgates.  Schmuel is a flowgate advocate.  After some discussion, the panelists agreed that FTRs and flowgates could work together, provided that the definition of flowgate is understood.  Andy Ott said flowgates could work with FTRs if the purpose of having flowgates is the same purpose of having hubs (liquidity, standard product), and if a flowgate is defined as a grouping of point-to-point rights, then FTRs and flowgates can coexist.  If a flowgate is a hub for transmission rights, it's okay.  However, if flowgate is defined as a physical boundary requiring scheduling, the two cannot coexist.  Schmuel seemed to agree with this premise, although this is not his preference.  He seems to prefer only flowgates without FTRs.   Brockway seems to prefer FTRs rather than flowgates for fear that flowgates will result in excess socialization of costs.

The panelists also agreed generally that revenues generated from FTRs or flowgates should be allocated to load, but the method of allocation was not agreed upon.

FERC staff asked the panelists to discuss commercially significant flowgates.  Many of the panelists discussed the problem with deciding what constitutes a commercially significant flowgate, and what happens when circumstances change over time, resulting in different flowgates being commercially significant.  Schmuel said you could use either a system that relies only on commercially significant flowgates or one that uses all flowgates, but if participants are willing to accept a system where they are not perfectly hedged, use of commercially significant flowgates is acceptable.

The panelists agreed that these financial rights (either FTRs or flowgates) should be tradable in the secondary market.  The panelists disagreed on which instrument -- FTRs or flowgates -- are more tradable.  Andy thinks FTRs are more tradable; Schmuel thinks flowgates are more tradable.

Options versus Obligations

The panelists discussed the benefits of having FTRs be options but also discussed the additional problems presented to the system operator if FTRs are only options and the FTR holder is not required to flow or pay if it does not flow.  Andy Ott said options will most likely result in fewer FTRs being allocated.  Schnitzer says the issue must be resolved up front.

The afternoon panel was on Transmission Planning and Expansion.  Steve Walton was a panelist and will be providing a summary of the discussion shortly.

Let me know if you have any questions.

Sarah


Hey David:
Megan and I are thinking of moving and I wanted to know what you had done
with your place.  Give me a call when you get a chance.  Also, a person you
worked in the past now sits next to me - Michelle Parks.  Give me a call.
Hope all is well and lets talk about going up to the Vineyard the same time
this summer.  See ya
Ben


I am under the impression that we still need to file the attached protest to
a 12/13/00 Cal PX FERC filing that would (in the PX's interpretation) allow
them to confiscate our collateral in the Block Forward Market to satisfy the
defaults of other participants in the PX markets.  Please let me know if we
don't need to file this.  Please give me your comments on the draft ASAP.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 04:26 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
02/01/2001 04:15 PM

To: <mary.hain@enron.com>, <smara@enron.com>
cc:
Subject: Protest to PX Compliance Filing re: Information Guide

I assume we still want to file this protest to preserve our rights.  Please
give me your comments ASAP.  Thanks.  Ron

 - 0137501.01


Please bookout the following CES deals for March

CGLF  - deal 202939 with 204744

CGAS - deal 204749 with 204752

Thanks


Dear Evening MBA Students,

Several weeks ago I informed you of changes in access to Stanford's
libraries. Jackson Business Library which is not part of the main Stanford
libraries was not aware of this change because no one at Stanford told them.

Jackson Library has implemented the following temporary procedures for UCB
student access which should remain in place until the end of this term.
As of now, you may use your UCB IDs for entry. If you want to check out any
materials, Jackson Business Library will issue you a separate borrowing
card which will be good through December. We're hoping we will be able to
work out a smoother long-term arrangement with them for next term.

This procedure is only for Jackson Business Library. The main Stanford
libraries will continue to honor your UCB IDs without you requiring an
additional borrowing card.

Monica Singh
Evening MBA Librarian


? MAILER-DAEMON@yahoo.com wrote:
Date: 26 Apr 2001 04:45:38 -0000
From: MAILER-DAEMON@yahoo.com
To: asama@yahoo.com
Subject: failure delivery

Message from yahoo.com.
Unable to deliver message to the following address(es).

:
128.32.67.113 does not like recipient.
Remote host said: 550 5.1.1 ... User unknown
Giving up on 128.32.67.113.

--- Original message follows.

Return-Path:
Message-ID: <20010426044537.10403.qmail@web11602.mail.yahoo.com>
Received: from [132.233.247.7] by web11602.mail.yahoo.com; Wed, 25 Apr 2001
21:45:37 PDT
Date: Wed, 25 Apr 2001 21:45:37 -0700 (PDT)
From: Anil Sama
Subject: Send me your files...
To: vavrek@haas.berkeley.edu, dasovish@haas.berkeley.edu
MIME-Version: 1.0
Content-Type: multipart/alternative; boundary="0-28447961-988260! 337=:7976"

--0-28447961-988260337=:7976
Content-Type: text/plain; charset=us-ascii

Jeff, Carolyn:

Waiting on files from you as discussed this afternoon. I'll
incorporate and send out the prezo to all later tonight...

-Anil

---------------------------------
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
--0-28447961-988260337=:7976
Content-Type: text/html; charset=us-ascii

Jeff, Carolyn:

Waiting on files from you as discussed this afternoon. I'll
incorporate and send out the prezo to all later tonight...

-Anil

Do You Yahoo!?

Yahoo! Auctions - buy the things you want at great prices
--0-28447961-988260337=:7976--

Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices


i haven't seen one of these in a long time.  then all of a sudden it shows up.  what is the standard for who gets to receive it.  for example, heizenrader is on the list but swerzbin is not.  any thoughts.

 -----Original Message-----
From: 	Day, Misti
Sent:	Wednesday, May 16, 2001 12:00 PM
To:	Jacoby, Ben; Gilbert-Smith, Doug; Tingleaf, Drew; Will, Lloyd; Presto, Kevin; Baughman, Edward D.; Sturm, Fletcher; Davis, Mark Dana; Arora, Harry; Herndon, Rogers; Kroll, Heather; Aucoin, Berney; Aucoin, Berney; Calger, Christopher F.; Belden, Tim; Parquet, David; Wolfe, Greg; Heizenrader, Timothy; Tycholiz, Barry; Allen, Phillip K.; Luce, Laura; Shively, Hunter S.; Neal, Scott; Vickers, Frank; Martin, Thomas A.; Arnold, John; Lagrasta, Fred; McMichael, Ed; Gaskill, Chris; Thomas, Jake; McDonald, Michael; Foster, Chris H.; LeDain, Eric; Kitagawa, Kyle; McKay, Jonathan; Zufferli, John; Davies, Derek; Milnthorp, Rob; Mrha, Jean; Hilgert, Chris; Byargeon, W. Tom; Bieniawski, Paul; Grass, John; Redmond, Brian; Gomez, Julie A.; Yzaguirre, Max; Duran, W. David; Thompson, John; Josey, Scott; Detmering, Timothy J.; Lydecker Jr., Richard
Cc:	Killen, Faith; Brown, Sarah
Subject:	Management Summary and Hot List - 05/11/01

Please find attached the management summary and Hot List for May 11, 2001.  You will be receiving these reports every Monday afternoon.

Thanks,
Misti Day


Jason,

Thanks

Vince

 -----Original Message-----
From: 	Sokolov, Jason
Sent:	Thursday, May 10, 2001 4:35 PM
To:	Kaminski, Vince J.
Subject:	Power prices

Vince, here is the power prices:

 << File: Power prices.xls >>
Jason


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/10/2001
05:14 PM ---------------------------

Steve Bigalow@ENRON
01/10/2001 08:19 AM
To: Vince.Kaminski@Enron.com
cc:
Subject: Stocks buys

These are todays buys provided they open very close to yesterdays close or
higher CLTK, LPNT
NUAN, RETK


I have received confirmation that Community Relations can contribute
$416,666.50 annually over the next three years toward this Rice University
commitment. Please let me know the details of when you would like the first
payment to be made, to whom the check needs to be made payable, etc. Thanks!

Regards,

Charla

Steven J Kean@EES
05/29/2000 07:17 AM
To: Charla Stuart/Corp/Enron@ENRON
cc:

Subject: Re: Multi-Year Commitment to Rice University

Thanks for the message.
The actual commitment is $5 million spread over three years beginning in
2000.  The EBS deal covers about half of this but I don't think they are
contributing out of their budget.  If Community Affairs can cover the amount
you set forth in your message, I will talk to Ken about covering the
remainder out of a general corporate budget.

Charla Stuart@ENRON
05/26/2000 04:07 PM
To: Steven J Kean/HOU/EES@EES
cc: Maureen McVicker/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Misha
Siegel/Corp/Enron@ENRON, Amy Lee/Corp/Enron@ENRON
Subject: Multi-Year Commitment to Rice University

Steve, spoke with Cindy and it is our understanding that the $2.5MM
commitment to Rice will be split between EBS and Community Relations and
spread over three years. This translates into a total annual Enron commitment
of $833,333, and an EBS and Community Relations annual commitment of
$416,666.50 each.

We are excited about our new partnership with Rice and the business
opportunities that this partnership brings to Enron. We would greatly
appreciate your clarifying two points:  1) Do we have the financial
parameters of the Enron commitment correct?   2) Is this commitment scheduled
to begin in 2000 or in 2001?

Please respond at your earliest convenience. Feel free to contact me at
X-36202 if you wish to discuss this further. I look forward to hearing from
you soon. Have a great Memorial Day holiday!

Regards,

Charla


fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/21/2001
04:54 PM ---------------------------

Sandra Yamane <SYamane@marathon-com.com> on 05/21/2001 12:40:05 PM
To: "'karen.denne@enron.com'" <karen.denne@enron.com>
cc:

Subject: Phil Angelides Remarks

Phil Angelides addressed Town Hall Los Angeles last week about the energy
crisis.  Angelides was the first speaker in Town Hall's energy series.
Upcoming speakers include John Bryson, Steve Letbetter, Loretta Lynch, and
Ken Lay.

Angelides made the following comments regarding the energy crisis:

1.  A sharp downturn in California will send the national economy into a
slide
2.  California deregulation is a virus that will kill deregulation
nationally.
3.  The power shortage is a problem of our own making.
4.  Californians must conserve power in record-setting levels.
5.  The Governor and Legislator must level with citizens about the energy
crisis
6.  Utility rates must penalize consumption
7.  Californians must unite to reign in generators
8.  The Federal government should impose wholesale price caps
9.  If FERC will not fulfill its obligation to set fair and reasonable
prices, or the price of electricity
     increases 50% more, Californians must fend for themselves, possibly
through the formation of a
     buyers cartel with Oregon and Wash. or by seizing power plants.


your talking to the wrong person.   Liz actually controls the tickets.  take
them if they are available, but i won't be able to go.  how long are you
going to be in houston?


I'd be happy to come to the meeting on Sept 5.  I'd rather stay close to the bldg for the reception.

Jim

 -----Original Message-----
From: 	Lebeau, Paul
Sent:	Wednesday, August 22, 2001 2:16 PM
To:	Steffes, James D.
Subject:	Recruiting Kick-off Meeting

Hello Jim,

Our Department is planning a Recruiting Offsite.  With this offsite we would like to include our Executive Team Leads.

Had a couple of questions to ask:

1)  Would you be available for our recruiting kick-off meeting on September 5, from 2-5?
2)  Would you be willing to come to Jillians or would they rather stay close to the building, there is a reception that would follow.

If you are available please save the date.

Please let me know.

Paul L./Recruiter


[IMAGE]
 Mirant has added a News Release to its Investor Relations web site.  For a complete listing of our News Releases visit:  http://ir.ccbn.com/ir.zhtml?t=MIR&s=405&item_id='5'  Title:  Mirant Restructures European Operations Affirms Commitment to Certain European Assets and DevelopmentsDate:  1/30/2002This email alert service uses proprietary JoinMail list management software provided by CCBN.To learn more about JoinMail, visit the CCBN Website @: www.ccbn.com

To unsubscribe from this JoinMail list, please click on the link below and send a blank reply:   U-B2.7045.107607.paulzQ4dzQ4thomaszQ2enronzQ4com@joinmail.ccbn.com


The report named: West VaR <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=36&report_name=West+VaR&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/15/2001>, published as of 11/15/2001 is now available for viewing on the website.


FYR
 -----Original Message-----
From: 	Cole, Kate
Sent:	Thursday, November 29, 2001 1:14 PM
To:	Williams, Robert C.; Derrick Jr., James
Subject:	FW: Enron Metals & Commodity (Canada) Inc.
Sensitivity:	Confidential

FYI.  Let me know if you want to stay abreast of this email conversation.  I'd hate to be wasting your time. KC

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
Fax: (713) 646-8007
Email: kate.cole@enron.com

 -----Original Message-----
From: 	Nissan, Limor
Sent:	29 November, 2001 12:01 PM
To:	Bouillion, James L.; Cole, Kate
Cc:	Mayer, Laurie; Kendall, Earline; Williams, Robert C.
Subject:	RE: Enron Metals & Commodity (Canada) Inc.
Sensitivity:	Confidential

Jim,

We want to know how the 350MM gets shared among directors and officers if it is insufficient to pay everything.

Also, can we assume that this covers issues at foreign subsidiaries??

Thanks,

Limor

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com

 -----Original Message-----
From: 	Bouillion, James L.
Sent:	Thursday, November 29, 2001 12:54 PM
To:	Cole, Kate; Nissan, Limor
Cc:	Mayer, Laurie; Kendall, Earline; Williams, Robert C.
Subject:	RE: Enron Metals & Commodity (Canada) Inc.
Sensitivity:	Confidential

We do not provide copies of the policies.

The Corporate indemnity is the first line of defense for the D's &O's.  If the indemnity responds, the company seeks reimbursement from the policy up to its limit.   There is no other D&O insurance above the $350,000,000, amount of insurance.

Please advise if there are further questions.

 -----Original Message-----
From: 	Cole, Kate
Sent:	Thursday, November 29, 2001 11:34 AM
To:	Nissan, Limor; Bouillion, James L.
Cc:	Mayer, Laurie
Subject:	RE: Enron Metals & Commodity (Canada) Inc.
Importance:	High
Sensitivity:	Confidential

Limor - I'm turning this over to Jim Bouillion to respond to.  I don't have this information.  KC

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
Fax: (713) 646-8007
Email: kate.cole@enron.com

 -----Original Message-----
From: 	Nissan, Limor
Sent:	29 November, 2001 11:32 AM
To:	Cole, Kate
Cc:	Mayer, Laurie; Bouillion, James L.
Subject:	RE: Enron Metals & Commodity (Canada) Inc.
Sensitivity:	Confidential

Thanks.

I need the policy and I need to know what happens if the limit of 350MM is not enough.  Where would that be addressed??? The Enron Corp. bylaws???

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com

 -----Original Message-----
From: 	Cole, Kate
Sent:	Thursday, November 29, 2001 12:13 PM
To:	Nissan, Limor
Cc:	Mayer, Laurie; Bouillion, James L.
Subject:	RE: Enron Metals & Commodity (Canada) Inc.
Importance:	High
Sensitivity:	Confidential

Limor and Laurie - this is the document I received from Risk Management.  Please advise if you need further information.  Best regards Kate

 << File: D&OSUMHandout030600.doc >>

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
Fax: (713) 646-8007
Email: kate.cole@enron.com

 -----Original Message-----
From: 	Nissan, Limor
Sent:	29 November, 2001 11:10 AM
To:	Mayer, Laurie; Cole, Kate; Pardue, Larry
Subject:	RE: Enron Metals & Commodity (Canada) Inc.

Folks, I need the policy that covers US subsidiaries and foreign subsidiaries ASAP.

thanks

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com

 -----Original Message-----
From: 	Mayer, Laurie
Sent:	Thursday, November 29, 2001 12:09 PM
To:	Cole, Kate; Pardue, Larry
Cc:	Nissan, Limor
Subject:	Enron Metals & Commodity (Canada) Inc.

Kate and Larry,

	Limor Nissan in the New York office needs a copy of the Director and Officer Liability policy (or a similarily named document) for review.  Jean Michaud, a Canadian director, wants confirmation of coverage before signing documents.  Limor needs this information as quickly as possible.

Many thanks,
Laurie


call me on my cell 713 304 8716


A new Kudlow Commentary has been published on Kudlow.com. As a subscriber, you may click the hyperlink below, login, and view the latest commentary. AOL Users please note, you may need to copy and paste the hyperlink into your web browser.

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NFL Reports, Player Updates

Latest NFL Player News

Keenan McCardell, WR JAC - Neal/McKay Updated 11/25/01
McCardell caught six passes for 80 yards against Baltimore. He has certainly raised the level of his play in recent weeks, and should be a solid Fantasy player down the stretch as opponents continue to focus on Jimmy Smith.

Stacey Mack, RB JAC - Hunter Updated 11/25/01
Mack rushed for 50 yards and two TDs and caught five passes for 45 yards against the Ravens. Despite his good outing, Mack remains a Fantasy risk because !
of!
 his inconsistency.

Qadry Ismail, WR BAL - Bass/Hull Updated 11/25/01
The Jaguars held Ismail to three catches for 44 yards. Despite his quiet statistical performance, Ismail remains a must-start player for any Fantasy team. He is one of the most complete and underrated receivers in the AFC.

Jason Brookins, RB BAL - Tori Updated 11/25/01
Brookins rushed for 82 yards and two TDs at Jacksonville, but also lost a fumble. The rookie RB is talented, but too erratic to be a Fantasy starter on most teams right now.

Ron Dayne, RB NYG - Neal/McKay Updated 11/25/01
Dayne carried the ball six times for 26 yards against Oakland. Don't depend on him for good numbers during the remainder of the season.

Tiki Barber, RB NYG - Neal/McKay Updated 11/25/01
Barber rushed for 124 yards and a TD against Oakland, and caught five passes for 41 yards. He has played well recently, although his owners would still like to see him score on a more consistent basis.

LaDainian Tomlinson, RB SD - Hunter Updated 11/25/01
Tomlinson was held out of the end zone, but he had a good day against Arizona nonetheless. The rookie tailback had 145 scrimmage yards, including 13 receptions, in San Diego?s 20-17 loss.

Doug Flutie, QB SD - Russell Updated 11/25/01
Flutie had a solid game, throwing for 308 yards and two touchdowns against Arizona. However, he?s only worth starting when the matchup is to his advantage.

Jake Plummer, QB ARI - Frank Updated 11/25/01

Plummer had a decent outing on Sunday, posting 241 yards and a touchdown against San Diego. Plummer, who also threw two picks, is only a reserve Fantasy quarterback at best.

David Boston, WR ARI - Bass/Hull Updated 11/25/01
Boston had another outstanding game, catching six passes for 121 yards and a touchdown against San Diego. He?s one of the most reliable Fantasy receivers in the league, and is worth starting on a weekly basis.

Willie Jackson, WR NO - Martin Updated 11/25/01
Jackson had a good!
 o!
uting against New England, catching five catches for 78 yards and a touchdown. He may not be the most dependable Fantasy receiver, but he is worth starting in deeper leagues.

Joe Horn, WR NO - Matty Updated 11/25/01
Horn had another solid outing, catching four passes for 97 yards against New England. He?s been a very dependable receiver in recent weeks and is worth starting on a weekly basis.

Tyrone Wheatley, RB OAK - Giggles Updated 11/25/01

In his return from a knee injury, Wheatley carried the ball five times for 17 yards. Zack Crockett was used more often in short-yardage packages, and Wheatley does not appear capable of starting for any Fantasy team in the near future. Even when he is fully healthy, he may not be able to take many carries away from Charlie Garner.

Antowain Smith, RB NE - JWillie Updated 11/25/01
Smith had 153 yards of total offense and two touchdowns against New Orleans. After a slow start, Smith has become a pretty good weekly option for Fantasy Footballers

Tom Brady, QB NE - Martin Updated 11/25/01<!
BR!
>Brady put up huge numbers against New Orleans, posting 258 yards passing and four touchdowns. He?s become a pretty reliable Fantasy player, and his performance will likely keep Drew Bledsoe on the Patriots? bench for another week.

Rich Gannon, QB OAK - Martin Updated 11/25/01
Gannon threw for 221 yards, three TDs and no interceptions against the Giants. He ignored rain-soaked conditions, and continued to look like the most reliable QB in Fantasy Football.

Frank Sanders, WR ARI - Free Agent Updated 11/25/01
<FON!
T !
SIZE=2>
Sanders left Sunday's game against San Diego after re-aggravating a hamstring injury. He was replaced by MarTay Jenkins, and did not return to the game.

Eric Moulds, WR BUF - Bass/Hull Updated 11/25/01
Moulds finally emerged from an extended slump, catching six passes for 196 yards and two TDs against Miami. He also lost a fumble, and Fantasy owners should still remember that Moulds has been a disappointment for most of the year. Don't be surprised if he follows his best outing of the year with a mediocre performance.

Alex Van Pelt, QB BUF - Free Agent Updated 11/25/01
Van Pelt had another fine game, throwing for 309 yards, three TDs and one interception. He is definitely merits strong Fantasy consideration as long as he remains in Buffalo's starting lineup.

Oronde Gadsden, WR MIA - Matty Updated 11/25/01
Gadsden caught eight passes for 118 yards at Buffalo. He did not catch a TD pass, though, and lost a fumble. Gadsden is too unreliable to start for most Fantasy teams in these important final weeks.

Jay Fiedler, QB MIA - Tori Updated 11/25/01

Fiedler threw for 262 yards, three TDs and no interceptions at Buffalo. His performance may have quieted talk of a QB controversy, but Fiedler is still too inconsistent to be a dependable Fantasy QB.

Donovan McNabb, QB PHI - Russell Updated 11/25/01
The Redskins held McNabb to 92 passing yards and 39 rushing yards, with no TDs or interceptions. Expect the Philadelphia QB to rebound quickly from such a quiet performance.

James Thrash, WR PHI - Frank Updated 11/25/01
Thrash caught four passes for 32 yards against Washington. He is too incons!
is!
tent to be a starter on better Fantasy teams as the playoffs approach.

Rod Gardner, WR WAS - Free Agent Updated 11/25/01
Gardner caught four passes for only 33 yards on Sunday. The rookie has slowed down considerably in the past few weeks, and now seems like a risk during the Fantasy homestretch.

Ki-Jana Carter, RB WAS - Free Agent Updated 11/25/01

Carter saw extensive action on Sunday as Stephen Davis played through back problems. He carried 18 times for 56 yards, and is a good backup to have if Davis in on your Fantasy team. Davis has always been known to battle minor injuries.

Isaac Byrd, WR CAR - Free Agent Updated 11/25/01
Byrd started in place of the injured Muhsin Muhammad on Sunday. He posted decent Fantasy numbers in Muhammad's absence, catching five passes for 69 yards in Carolina's 10-7 loss to Atlanta.

Muhsin Muhammad, WR CAR - Martin Updated 11/25/01
Muhammad missed Sunda!
y'!
s game against Atlanta due to a shoulder injury. His status for next weekend's game against New Orleans is unknown at this time.

Derrick Alexander, WR KC - JWillie Updated 11/25/01
Alexander caught two passes for 56 yards in his return from a rib injury. He was not open often, and Alexander may continue to be a Fantasy disappointment if he stays healthy.

Chris Chandler, QB ATL - Free Agent Updated 11/25/01

Chandler had a subpar game on Sunday, throwing for only 132 yards against Carolina. The Falcons chose to attack Carolina with their ground game, which was the reason for Chandler's poor Fantasy numbers.

Derrick Alexander, WR KC - JWillie Updated 11/25/01
Alexander caught two passes for 56 yards in his return from a rib injury. He was not open often, and Alexander may continue to be a Fantasy disappointment if he stays healthy.

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Schedule, Breakdown

Martin

Player	Pos	Points

Gannon, Rich	QB	23.0

Dunn, Warrick	RB	0.0

Thomas, Anthony	RB	0.0

Brown, Tim	WR	23.0

Jackson, Willie	WR	13.0

Owens, Terrell	WR	16.0

Elam, Jason	K	17.0

Dolphins	DT	10.0

TOTAL	 	102.0

Muhammad, Muhsin	WR	0.0

Moore, Rob	WR	0.0

Brady, Tom	QB	29.0

Hayes, Donald	WR	2.0

Henry, Travis	RB	15.0

Jenkins, MarTay	WR	4.0

		at Neal/McKay

Player	Pos	Points

Manning, Peyton	QB	14.0

Anderson, Mike	RB	18.0

Smith, Lamar	RB	9.0

Hakim, Az-Zahir	WR	0.0

McCardell, Keenan	WR	8.0

Rice, Jerry	WR	6.0

Stover, Matt	K	7.0

Broncos	DT	12.0

TOTAL	 	74.0

Dayne, Ron	RB	2.0

Testaverde, Vinny	QB	0.0

Barber, Tiki	RB	22.0

Bryson, Shawn	RB	2.0

Jones, Freddie	TE	0.0

Richardson, Tony	RB	9.0

Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from http://fantasy.sportsline.com

FB10SP


PLEASE NOTE:  This email includes several items.
(1)  the call in information for Friday's conference call;
(2)  a summary of yesterday's conference call (from Jeff Dasovich, Enron);
(3)  two documents that list the contact information we have received to date
(please email Steve Kean @ skean.enron.com if any changes/additions need to
be made to the list).  As we receive more contact information, revised lists
will be emailed to everyone.
______________________________________________________________________________
_________

A conference call has been scheduled for Friday, May 18th.

If credit issues are to be discussed, this is the call in number we will
use.
If credit issues are not to be discussed, a separate call in number will be
set up and you will be notified with the new dial in numbers.

DATE:  Friday, May 18th

TIME:   10:00 am (Central) - should last approx 1 hour

CALL IN #:  1-877-214-0402

HOST CODE: 564778   (Steve Kean's use only)

PARTICIPANT
CODE:  285987

If anyone needs to call in from an international location, please contact
Maureen McVicker at 713-853-1808 and she will set up an international number
too.

______________________________________________________________________________
__________________

Here is the summary Jeff Dasovich sent regarding yesterday's conference call.

Greetings:
In order to keep everyone in the loop, the folks on today's call wanted to
send out a brief summary of the call for the benefit of those who couldn't
make it.  Apologies for any omissions, inaccuracies, etc.  Others who were on
the call please chime in if I've gotten anything wrong, or missed anything.

Best,
Jeff

SUMMARY
Enron, Duke, El Paso and Williams were on the call, as was Michael Hoffman of
the Blackstone Group (the Governor's financial advisors).
On the subject of how the group would organize itself, it was agreed that the
calls would be open to anyone who wanted to participate.
A smaller group consisting of Duke, El Paso, Enron, and Williams would take
the lead on walking the halls of Sacramento, meeting with policy makers, and
advocating whatever plan the group develops.
Folks agreed that achieving a comprehensive solution requires a tangible
process; that is, the principals need to get in a room, face to face, for
however long it takes to work out a resolution.
It was agreed that the process should start no later than the beginning of
next week, and that it should take place in Sacramento.
It was decided that the Legislature and the Attorney General needed to be
brought into the process as soon as possible, i.e., next week.
There was some discussion regarding the release today of "Plan B."  Plan B is
a plan proposed by Democratic and Republican legislators as an alternative to
the MOU that the Governor struck with Edison.  After that call I received a
copy of "Plan B."  If you'd like a copy please send me your fax number.
Folks on the call agreed to have the next "supplier-only" call-in meeting on
Friday.
Finally, Michael Hoffman said that they are hoping to have a "ratings agency
level" presentation prepared by the end of the week.  The goal of the
presentation is to reassure capital markets that the bonds the state seeks to
issue are solidly backed by retail rates.

The Agenda for Tomorrow's Call with the Governor's Staff
Item #1:  The Credit Issue
Michael Hoffman said that the Governor's office wants to start tomorrow's
meeting discussing the creditworthiness issue.
Hoffman said that the Governor's folks are hoping to have completed by the
start of tomorrow's meeting a draft of an agreement between the California
PUC and CDWR.  The agreement is designed to ensure that DWR gets paid for
power services delivered.
If the draft is ready, they'd like to discuss on the call tomorrow.

Item #2:  Identify the Components of a Comprehensive Solution.
It was agreed that our group should put on the table at tomorrow's meeting
the universe of issues that need to be included in a comprehensive solution.
Enron was asked to take a first stab at what those components are.  The
following is a brief outline, which is not intended to be definitive, but a
starting point for discussion.
Utility creditworthiness
retail rates must reflect costs
Increase supply
streamline and otherwise reform the siting process
Decrease demand
establish real-time pricing
implement demand buy-down and other conservation programs
Create a real market
Remove the State from the power-buying business as soon as possible (e.g.,
once new rates are in place and utilities are returned to creditworthiness;
approximately 3-6 months)
Return the procurement role to the utilities
Reinstate Direct Access immediately for all customers
Within 18-24 months, create a "core/noncore" market structure for
electricity, similar to California's market structure for natural gas
Keep the industry in the hands of the private sector
Reject proposals calling on the State to take over transmission, generation,
etc.
Resolve outstanding legal claims, investigations, etc.
Resolution requires certainty and prompt payment (understanding that
discounts on receivables is on the table for discussion)
______________________________________________________________________________
__________________

Attached are the contact lists.


Records indicate that there are a significant number of employees who have yet to have a drug test.

Here are the details of the locations in Houston, Portland and other locations.

Please attend one as soon as possible to avoid delays in your your onboarding and payroll processing.

HR


Mark -

I'm attaching my May report.  I can't seem to get it below 5 pages.

I appreciated the opportunity to meet yesterday.

Bruce


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are we on for drinks with the hottie?