THE FRIDAY BURRITO

Ben Zycher from the RAND Corporation used the following line in his talk at
the WPTF General Meeting in Phoenix a few weeks ago. The story takes place in
the good ol' days of the Soviet Union when Brezhnev was Premier.? Brezhnev
and the rest of the Politburo one fine May Day were watching the tanks and
missiles pass by the Kremlin Wall, when Leonid noticed in the middle of the
parade a truck carrying a group of civilians.? He turned to Dmitri Ustinov,
the Defense Minister, and asked, "Who are they?"? Ustinov replied, "Those are
our economists.? You just wouldn't believe their destructive potential."

This is appropriate for our time and our situation.? The economists descended
upon us when the California market was designed, but we know not from where.?
Aliens?? Since weaving conspiracy theories is a popular past time in
Sacramento ("We just know they are gouging us, them bullies"), I believe that
one must do the same by following the money.? I'm not talking about the
campaign contributions in Gray Davis' pocket. The most money has gone from
power sales in California to the Canadian Province of British Columbia.? It
was a plot the Canadians hatched. I mean, look at Governor Davis.? He looks
kind of BC-ish.? Skinny and lanky, wimpy hair, and a hesitation in his
speech. He talks their language: a mix of misspelled French ("meet me at the
centre"), English, and Eh(?).? One night in 1996, the BC government secretly
sent us some economists by the truckload to destroy California.? The
utilities probably paid for the bus tickets.? I happen to know that Frank
Wolak, Chair of the ISO Market Surveillance Committee once lectured at a
University in Vancouver, B.C..? What more evidence do you need?? The BC
Government sent us cheap hydro power, sold at inflated market prices so that
they could do what the citizens of California wanted to do with their budget
largess ( build roads, schools, and hospitals. They didn't think we could
figure out their plot, but we did.? Now is the time for California to
counter-attack.? We'll send them some of our politicians, a bipartisan group
including a few who can add, and some of our select energy thugs from the
CPUC and the Blind Oversight Board.

Speaking of times and situations, there was a time when discussing the ISO,
words such as "communist" and "Nazi" were only uttered, by my pal, Carl
Imparato,.? We would shake our heads, and chuckle at Carl's extremism.? We
aren't laughing now.? The descriptors seem to arise again and again in polite
conversation by a wider circle of people.? I watch with utter amusement
(because the alternative is retching breakfast) at the demagoguery of the ISO
Governing Board, the Market Despair Team, the Governor's office, and some
members of the California Legislature. Like an audience watching a tragedy
from hell, we scream aloud, "These people are crazy!"? And indeed, they are.?
Mr. President is not helping us at all by continuing to wrangle over who gets
the musical Chair at FERC ( Bubba Curt or Bubba Patrick.? Listen to us, Mr.
President.? Let Bubba Curt keep the reigns for a year or two, and let Bubba
Patrick take a seat at the table.? We need someone with a shockproof BS
detector.? Someone who can honestly field a motion to dismiss the California
ISO.? The time is long overdue to shoot this horse in the head.

Not all is evil.? This week in Houston, the resource capital of California, I
visited the trading floor folks at Dynegy, before attending the WTPF Board
meeting.? The coolest thing I saw, besides all the neat gadgets on each
trader's desk, was the coffee machine.? Brother Jolly Hayden showed me how to
use it.? You pick the type of coffee you want.? The contents of the coffee
are in a shot-glass sized plastic tub with a foil top.? I picked Venezuelan
#6 Decaffeinated Waxy Crude.? The tub is placed inside the brewing machine,
and the start button is pushed.? Presto, coffee drips from the spout into a
waiting cup.? I asked Jolly, "How did the hot water get mixed into the ground
beans?"? He removed the tub from the machine and showed me a pin prick hole
made in the foil top, and another that was made at the bottom.? Is that neat,
or what?

I would like to buy a brewing machine just like the Dynegy coffee machine,
but a little larger.? I would set up a booth in Sacramento, on the corner of
11th and "L", and bark out to passing members of the Legislature, "Free space
shuttle. Come and see life on other planets."? They would jump at the chance
to visit other planets.? I would seat them in the machine, push the start
button, and voila.? Dripping out would be the essence of democracy.? Don't
worry about the holes needed at the top and the bottom.? They are already
there, and quite enlarged.

Back to my day at Dynegy.? Trade floors might seem similar across companies,
but the small differences speak to the management style embraced by the crew
and its leaders.? Each electric trading desk, for various parts of the
country, is set up a little bit differently.? For example, some desks have a
person doing asset-backed trading, but some don't.? When I arrived at 6 a.m.,
Houston time, the Eastern desk was busy in its trade day.? The Western folks
hadn't arrived, yet.? Later, I sat with Randy LeForce of the Western desk.?
"Captain LeForce, to you", he told me.? He could talk big because Dave
Francis, who sits next to Randy, and hangs witty quotes from the ceiling
above his head ("Even a blind pig could make money in this market"), was on
vacation.? As the pace of the trading gathered steam, Randy kept an eye on
all the different people working the Western trading desk.? The Captain
worked it like a maestro.

During my visit, some Dynegy folks came up to me, introduced themselves, and
said how much they enjoyed the Friday Burrito.? I'll tell you what.? There
are few things in life that give me as much satisfaction.? Complete strangers
who tell you that something you do makes them feel good, well, it doesn't get
any better than that.? Garrison Keillor, the well-known author of Lake
Woebegone Days, and NPR radio entertainer once said a writer should have an
audience.? Not everyone in the world should be in the audience, but an
audience nonetheless of some people.? I now know what he means.? And the
people I met on the trading floor felt like they knew me, and shared with me
their thoughts and opinions on a lot of things.?? Often they asked me, "Are
those California people really that crazy?"

Since last week, you might have noticed the pace at the FERC has picked up,
somewhat.? Last Friday the FERC issued an Order on possible refunds for
alleged overcharges by parties selling to the ISO last January.? That was
news worthy.? Then, on Wednesday, the FERC issued an Order to remove barriers
to additional electric generation in the West.? The Order admits that it
won't change the dire situation in the West, but these are steps in the right
direction.? The FERC also issued on Wednesday a show-cause order to AES and
Williams regarding the maintenance of RMR units that were called by the ISO
in April and May of 2000.? That is a serious case that we must watch
closely.? Also this week, the California Senate kicked off its own
investigation (this will be the tenth such investigation of the California
markets to uncover alleged price manipulation).? The Senate Committee will
have subpoena rights, and if I understand it correctly, they plan to subpoena
individuals.? Sounds like a Kangaroo Court and a Three-Ring Circus, to me.
Thursday, Secretary Abraham stated in a congressional hearing that the West
would certainly experience power outages this summer. Finally, an LA Times
reporter asked me if I had heard that a small QF company had filed for
seizure of SCE property to satisfy an outstanding debt.? That would be step
one of the bankruptcy cha-cha.? All in all, a typical week among crazy
people.

Let's see what else we can talk about.

Things in the People's Republic of California
?@@@ PUC Updates Utility Liabilities
?@@@ Be a Source for Energy Price Update
?@@@ BPA Misquoted in the WSJ

Things FERC
?@@@ Market Monitoring Proposal

Letters

Jobs and People

Odds & Ends (_!_)
================================

Things in the People's Republic of California
?@@@ PUC Updates Utility Liabilities

My favorite regulator, the California PUC, issued an Order in the Utilities'
Rate Stabilization case to re-open the record on utility audits.? Although
the text of the order is unremarkable, the data tables bring up to date, as
of March 8, the outstanding liabilities of PG&E and SCE.

The PG&E commercial paper obligation due as of March 8 increased by $354
million since January 31, for a total default amount of $790 million.? QF
purchases increased by $280 million for the same five-week period, now
totaling $651 million.? The ISO payments increased $934 million, now totaling
$1.5 billion, and the direct access charge backs for negative PX credits
increased $214 million, now totaling $433 million.? PG&E's total default
amount is now $3.3 billion excluding amounts yet to be collected from PG&E
customers for DWR purchases.

The SCE balance is as follows: The commercial paper obligation that is due as
of March 8 increased by $260 million since January 31, for a total default
amount of $401 million. SCE defaulted on a significant amount of long-term
debt principal and interest, roughly $249 million.? QF purchase defaults
increased by $354 million for the same five-week period, now totaling $835
million.? The ISO obligations decreased $1.1 million, and the direct access
charge backs for negative PX credits increased $21 million, now totaling $25
million.? SCE's total default amount is now $1.7 billion excluding amounts
yet to be collected from SCE customers for DWR purchases.

There is little question that the QFs are taking it on the chin, big time.?
In the last five weeks, between January 31 and March 8, the defaulted
payments to the QF owners from both utilities has increased $630 million.?
The total QF default for both utilities as of March 8 stands at $1.5
billion.? Does anyone wonder why 1500 MW of QF capacity has shut down in
California?? Without these payments being made very soon, I would expect the
amount of shut down QF capacity to easily double, or more.? Why would these
projects produce without the promise of being paid?

Things in the People's Republic of California
?@@@ Be a Source for Energy Price Update

Art O'Donnell, editor and associate publisher of the well-known and widely
read California Energy Market (CEM), is looking for traders willing to
participate in his survey in exchange for receiving an advanced copy.? The
Survey is a regular feature in CEM. The information collected by Art is
matched against the responses of the other people he interviews and some
posted sources (Pricewaterhouse Coopers; BPA,s daily offerings, for
instance).? It is written up in narrative form. The report goes out twice
weekly, once on Wednesday afternoon/evening via e-mail as a courtesy to the
respondents (because the week is pretty much done by then), and a rewrite on
Friday that is e-mailed around 10 am, posted on the newsdata.com Web site,
and published in the newsletter for general consumption. The Friday report
also features a brief story about natural gas markets in the West

The WPTF Board of Directors has allowed me to publicize this offering, and to
explain that if your company is interested in participating, the information
you provide to Art would be protected as confidential.? In Art's words, "The
price survey is ( unlike some attempts at creating a tradable index number
(e.g. McGraw-Hill,s Power Markets Week index or the Dow Jones indices), is
more of a narrative about the state of the market d a pulse reading as
opposed to a blood pressure number or an EKG. As such, I do not ask traders
and schedulers for precise dollar figures or volumes associated with specific
trades, but rather questions like, 'What,s Mid-Columbia going for today? What
about off-peak? How has that changed since this morning? Oh yeah, why is
that? Anything else I should know?'"

The WPTF Board asked Art to explain how the information he collects would be
protected since so many marketers and generators are under State data
subpoenas.? Art replied, "The Constitution of the State of California
provides for a blanket immunity against government intrusions for news
gathering from confidential sources and unpublished information, something
which we believe in strongly at Energy NewsData Corporation and which we are
willing to go to jail to protect. So if, for instance, the Attorney General
tried to subpoena me or anyone from my staff about power price information,
we would 1) refuse to divulge anything other than the already published
accounts, 2) send back a copy of the Constitution, 3) contact the attorneys
for the Society of Professional Journalists, and 4) start preparing a benefit
party to raise legal fees. "

If you would like to participate in Art's survey, please e-mail him at
aod@newsdata.com.

Things in the People's Republic of California
?@@@ BPA Misquoted in the WSJ

In last week's Burrito, I referred to a Wall Street Journal article that
portrayed a BPA trader as admonishing the DWR for accepting bids over market
prices.? I was surprised when I received the following e-mail from BPA's
David Mills.? His message to me copied a letter he sent to DWR's Ray Hart,
explaining what he meant as opposed to what he was quoted as saying.

Dear Ray:
?
As per our telephone discussion, I just wanted to reiterate a few things
re:the Wall Street Journal article and the quotes attributed to me.? At no
time during the interview with Ms Smith did I state that I thought that
CDWR's offers were out of line with the prevailing market price in California
or that your traders should check that price before entering the market.? The
reporter was quite interested in the price difference between California and
the MidC price here in the Northwest and when I asked I told her that
currently that price delta was roughly $50-$100 MWhr, with MidC being lower
than the CA prices.? I did not indicate to the reporter that I thought that
CDWR was paying more than the California market price and was simply trying
to make a comparison of price relativity between California and the
Northwest.? Lastly, BPA has, on occasion, charged extra-regional entities
less than the prevailing market price but has only done so to remain
consistent with our own pricing strategies.
?
?I apologize for any misconceptions or miscommunications that may have
resulted from this and look forward to a continuing working relationship
between CDWR and BPA.
?
Things FERC
?@@@ Market Monitoring Proposal

FERC Staff issued a report with "Recommendations on Prospective Market
Monitoring and Mitigation for the California Wholesale Electric Power
Market."? WPTF members are taking this proposal very seriously, and we intend
to provide comments on March 22.? If you are interested in a copy of the
report, go to http://www3.ferc.fed.us/bulkpower/bulkpower.htm.

General members are able to participate along with the Board members and
other general members working on our response.? We have retained the services
of Dr. Ben Zycher of the RAND Corporation to help us draft the policy
issues.? He will be working with our counsel, Dan Douglass of Arter & Hadden
to craft our reply.

In short, our submission will point out the flaws in FERC's proposed
methodology, and demonstrate the shortcomings of narrowly limiting the
definition of producer marginal cost to operating variable cost.? Further,
excluding measures of credit worthiness are an important missing variable in
the FERC analysis.? Next week, I will include a short summary of our response
in the Burrito.

Letters

I received a note from one of our legal beagles that drop me a line every now
and then.? I don't have the facts of the case to which this person refers,
but I hope the sender provides us with an update if a judgement should occur.
"Universal Studios wants FERC to find that Universal owes no penalty to SCE
for not interrupting its interruptible load (under a CPUC rate schedule)
because SCE did not adhere to the FERC requirement in the Dec 15 order to
schedule 95% of its load in the day ahead market ...... according to
Universal, if SCE had done so, then it would have had to provide Universal
power at below its cost.? SCE didn't and Universal; got interrupted and now
Universal owes $$$$$$$$$$$$$."? Does anyone else know about this filing?

Lind Guerry, veteran of the PX halcyon days, wrote, "Hi Gary.? Hope you're
having a nice day.? Just wanted to let you know that I'm really enjoying the
Burrito, and am so glad you're sending it to my home email.? I really got a
kick out of the "Ten Reasons...."? It's hard to believe that our wonderful
state is in such incompetent hands, isn't it?? And not only are they
incompetent, they continue to remain so, with such regularity, you could
probably make a killing marketing their incompetence as a laxative.? Do you
think if we tried to do that, we'd get accused of exercising market power?
Think of the power we'd wield, as the holder of the largest amount of
incompetence!! "?

Lind, we need a product name for the laxative idea.? Any ideas? How about
Sane Away?

Jobs and People

The folks at Dynegy sent me a couple of job postings.? If your company has
similar posting or job openings, or if you are reader looking for a new gig,
drop me a line.? After all, it's free.

Position Description:

Dynegy's position has responsibility for the development of transmission and
power markets in a geographic region of the U.S.? Duties are driven primarily
by federal, regional, and state activities to restructure and deregulate the
electric power industry, and the need for industry participants to develop
and implement market structures, policies, and regulations that promote
liquid and competitive transmission and power markets.? Significant activity
within a region to reshape the structure and operation of the transmission
grid is resulting from FERC Order 2000, which directs the establishment of
Regional Transmission Organizations. Extensive travel (40%-60%, and higher at
times) is highly probable. Primary goals of this position are to:1) Create
more liquid and competitive transmission and power markets;? 2) Maximize the
value of Dynegy's positions and assets by working closely with the trading
and power groups to develop?? and implement commercial strategies that create
and capture significant business opportunities; and 3) Provide timely and
accurate information, market intelligence, and recommendations to clients. 4)
Maximize the value of Dynegy's positions and assets by working closely with
the trading and power groups to develop and implement commercial strategies
that create and capture significant business opportunities; and
recommendations to clients.

Interested parties should contact Jolly Hayden at jjha@ngccorp.com.

Odds & Ends (_!_)

First, I would like to welcome WPTF's newest general member, Wellhead
Electric.? Hal Dittmer is the founder and president of Wellhead.? I have
known Hal for a couple of years, first as a client for my over priced
consulting services, and later as a friend and source of all kinds of useful
information.? Wellhead is one of those QF owners who are owed a boatload of
money.? However, Hal's company is developing some new projects, and he is
looking for prospective power buyers.? Hence, his interest in WPTF is
obvious. Wellhead is WPTF's 31st member.

Well, the Dynegy gang has been a source of comfort and joy to me this week.?
They couldn't let me leave their abode without stuffing a song in my pocket
that is a tribute to their creative skills.? Timely too.? Sing it to the tune
of "California Dreaming", by the Mamas and the Papas.

ISO California
(to the tune of Hotel California)

On a dark Western highway
No wind in my hair
No rain for the hydro
No NOX in the air
Up ahead in the distance
I saw a flickering sight
The load grew heavy and the lights grew dim
No relief in the night
So we stood in the darkness
Down at the Taco Bell
And I was thinking to myself
This could be Heaven or this could be Hell
We lit up a candle
No power in the Bay
There were voices down the corridor
I thought I heard them say? (

Welcome to the ISO California
Such a lovely place
Such a lovely place
Such a lovely face
Powering up for the ISO California
What a nice surprise
What a nice surprise
Bring your alibis? (

Its mind is policy twisted
Can,t stop consumption trends
Got a lot of NIMBY boys
Cisco calls friends
How we sweat in the courthouse
Sweet summer sweat
Without the AC
We try to forget
So I called up the Gov,nor
Please energize this line
He said
We haven,t built a new plant here since 1969
Last thing I remember
We were running for the door
We had to find the passage back to the place we were before
Relax said Judge Damrell
California,s programmed to receive
Go belly up any time you like
But your power can never leave
?

[refrain]

==========================
Don't refrain.? Have a great weekend, y'all.
gba
?


-----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, October 22, 2001 5:17 PM
To:	Lavorato, John
Subject:


---------------------- Forwarded by David Forster/Corp/Enron on 06/20/2000
02:02 PM ---------------------------

Edmund Cooper@ECT
06/20/2000 01:40 PM
To: David Forster/Corp/Enron@Enron
cc:

Subject: Korean counsel

A Korean firm for you (they are reasonably sizeable circa. 200 lawyers, and
have international experience, including derivatives experience):

KIM & CHANG
Seyang Building 223,
Naeja-Dong,
Chongro-ku Seoul,
Korea 110-720

Tel: +82-2 3703-1114

Regards,

Edmund


At 12:30 EST, ICE will be packaging the Next Day Phys Gas strip for the following dates:

11/22/01 - 11/26/01.

Happy Thanksgiving


Barry, we currently have six folks coming who all golf:

 - Barry
 - Lavo
 - Delainey
 - Ozzie
 - Milly
 - Yzaguirre

I would say we should golf everday. I will get Kay to forward travel
schedules to you so that we can set up times where everyone can play as much
as possible.  My understanding is that we are all staying at the Mirage.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/28/2000
10:35 AM ---------------------------

Barry Tycholiz
08/28/2000 10:37 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Vegas

Dave, both Rob and I have booked for Vegas.  We will get in on Thurs.
afternoon and leave Sunday AM ( millly ) and Afternoon for me.

John called me yesterday and he wants to Golf, Fri, Sat, Sun.

1. We now have 5 people right?   Even if we have 5 it will be fine. Davies is
still considering this ( I will let you know ).
2.  I will look into golf arrangements once we have a firmer head count and
determine when to play..

When and how often do you want to golf ?

Milly and I are up for playing every day. I am thinking Friday afternoon.
Saturday afternoon, and Sunday am ( 10:00 or so ).

There is a great golf course ( TPC @ Canyons ) that I am trying to get us
on.  The Desert Inn is closed while we are there.

Thanks,

TIC


Dayton Power is away from the office on Friday and Monday for the new year
holiday.  They have requested nominations for the 1st to the 4th by 2:00
today.

The first day of January is the most critical.  I will have the ability to
adjust any of the days from my home over the weekend on an intraday basis.

I will need to work with Joann and Joni (Tco schedulers) to get the
nominations
in place.

I'll call you, Chris, after morning trading to devise a game plan for the 1st.

If Joann works here today, I'm going to need to stay close by.

sg


Hi Amy!

So glad to have you back!  I talked to Grace this morning and she said it was ups'd yesterday.  I submitted it last week, so I'm not sure why the delay.  Please let me know if you don't receive it today.  Talk to you soon!

Diana

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Tuesday, February 05, 2002 3:27 PM
To:	Scholtes, Diana
Subject:	Employment Application

Diana -

Our records indicate that we haven't received your employment application.  If you have turned it in to Julie, can you please let me know?  Otherwise, please complete the attached document to me via fax (713-646-2308) as soon as possible.

Thanks!
Amy

 << File: EmpApp.pdf >>


Greg,

I've been working with an IT guy here who has been building a spreadsheet for
some of us that can receive live prices from EOL.  I've used this to build a
real-time matrix which shows spread relationships between different gas
locations, including variable cost analysis, NPV, etc.  I think that this
would be an extremely useful application to include on the EOL site, whether
it is in Excel format or some homemade format.  For example, Hunter and I
were in Chicago last week talking to NICOR about analyzing the risk
components of their PBR.  We brought up this idea and they were excited about
being able to more clearly see daily cash spreads, hedge MTD and BOM PBR
price with Gas Daily swaps, storage utilization logic, etc.

If we can develop an EOL - dependent application that is helpful to our
customers in terms of how they make trading decisions, it will reinforce the
importance of using our site over our competitors.

Let me know what you think!

Fletch


Do you have enovate agreement handy?
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 08:39
AM ---------------------------
From: Travis McCullough@ECT on 04/23/2001 03:20 AM
To: Gregg Penman/Corp/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron

Subject: Re: Services Agreement

Attached is a draft of an agreement between Enron Corp. and the Enron entity
that is the managing member of enovate under which Enron Corp.'s treasury
department would agree to provide certain funds management services on behalf
of the managing member.  Gregg, as we discussed with the People's attorney,
this agreement would establish the link between enovate's managing member and
Enron Corp. with respect to these services, since the managing member has the
authority to take these actions, but Enron Corp. would be the entity actually
doing the work.  We should resist any attempt to make enovate or any other
party a party to this Agreement, since we want only the Enron entity that is
the managing member to have a cause of action against Enron Corp. for any
breach of this agreement, etc.

Kay, I am out of the office, and I didn't bring the enovate LLC agreement
with me.  Could you fill in the blanks for me in this document with the
correct names, jurisdictions of organization, etc.?

Gregg, if you could take a look at the description of services to make sure
that it captures everything that the treasury group does for enovate, that
would be great.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3893
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Enron Recruitment Technology is launching a new, easy to use, web-based Employee Referral Program.

	This new site will help you to help Enron find the talent it needs. Referrals are one of the best sources of talent for Enron in terms of quality and fit with Enron's culture. We have found that referrals stay with the company longer and adapt faster than those hired through other sources. This site will help us run a world-class employee referral program with less work and better results.

	There are also incentives for you. If you refer a candidate who is hired, you could be eligible to receive a cash reward of up to $5,000.

	So help someone accelerate their career, make yourself some money, and help us realize our mission of being the World's No. 1 Company.

	Check out the site - http://enron.referrals.com/promo.asp - let us know what you think -- we want to hear from you. This application should make referring easier for you so if you have suggestions that would enhance the program, send us an e-mail (Referral.Station@enron.com) or contact the Referral Station at (713) 345-3254, option 2.

	David Oxley


----- Forwarded by Tana Jones/HOU/ECT on 08/18/2000 10:00 AM -----

	Tom Moran
	08/18/2000 09:55 AM

		 To: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT, Michelle
Bruce/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT, Paul
Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT
		 cc:
		 Subject: Clickpaper Credit Approvals 8/18/00

Attached are the Clickpaper Credit Approvals for 8/18/00.

Regards,
tm


I've confirmed that the 1/2 block on the east side of the Kids' Center will be vacated by Clark Construction in January. That will give us time to see what kind of a problem we may have and to develop sketches and pricing on alternate drop off arrangements.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, August 28, 2001 1:12 PM
To:	Larson, Christopher
Subject:	Kid's Center

I met Savita Puthagai a couple of days ago and (without me saying a word to her on the issue) she told me that she is not moving her child to the kid's center due to the problematic parking.

So its not just me!


I just read the E-Speak transcript.  I think you did a great job!  I look
forward to sitting down with you after we have gathered all the feedback from
the website and other sources.


The metered production from Questa Petroleum is  "Behind CPA city gate".
Questa's meter is in CES's Columbia of Pa Pool (or CDC Pool).  Heidi Boyd
nominates this gas to the CES Retail customers each month from the pool.
This gas is in addition to any other gas provided for CES by ENA.  Since it
is "Behind the City Gate" no one at ENA has to nominate the physical flow of
the gas.  The only reason a nomination needs to be made by an ENA scheduler
is to allow payment to the producer.

 Chris Germany should be including this gas in the invoice for CES Retail.

This gas is under contract through October 2000.

John


I wasn't sure from your email if you wanted to review it now, or wait until
Jackie and I sort through some things.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 10:47
AM ---------------------------

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/10/2000 08:54:15 AM
To: "Jerry Leitman (E-mail)" <jleitman@fce.com>, "Ross M. Levine (E-mail)"
<rlevine@fce.com>, "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Sellay, William" <WSELLAY@RC.com>

Subject: FW: FuelCell / Enron

Our server is back up - sorry for the delay in your receipt of these
comments which were initially sent out last night.  A message from our
system administrator indicates that Kay already received the message below
but Ross and Jerry did not.  Just to be safe I am resending to all of you.

>  -----Original Message-----
> From:  Scheib, Jacqueline Pennino
> Sent: Thursday, November 09, 2000 10:14 PM
> To: 'kay.mann@enron.com'; Jerry Leitman (E-mail); Ross M. Levine
> (E-mail)
> Cc: Sellay, William
> Subject: FuelCell / Enron
>
> As discussed, attached is a clean and blacklined version of the FuelCell /
> Enron Agreement reflecting the parties' agreements over the past two days.
> The marked up comments list will follow shortly by PDF file.  Please note
> that some of the members of my client's team will be seeing this at the
> same time as you and therefore may have additional comments.
>
>    <<FuelCell Enron (CLEAN) Purchase Agreement.doc>>  <<FuelCell Enron
> (RED) Purchase Agreement.rtf>>
>
>
> --------------------------------------------------
> Jacqueline Pennino Scheib, Esq.
> Robinson & Cole LLP
> 280 Trumbull Street
> Hartford, CT  06103
> (p) 860-275-8285
> (f) 860-275-8299
> jscheib@rc.com
>

 - FuelCell Enron (CLEAN) Purchase Agreement.doc
 - FuelCell Enron (RED) Purchase Agreement.rtf


<<2R6KRED.DOC>>  <<2RSWRED.DOC>>

Kay and George:

We have enclosed yet another set of "final" drafts of the LLC Agreement
marked to reflect revisions from the drafts circulated earlier today. I have
included George's suggested revision to Section 2.5 addressing the effective
date and also revised the definition of "Letter Agreement." Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7303 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com

Enclosures: 128540vR18/15
  129344vR7/6

 - 2R6KRED.DOC
 - 2RSWRED.DOC


Bob Brooks in Boston

Bob Brooks is in Bostonfor a couple of days working with Charles River Associates on the NYSERDA study of the gas network of New York.  If you need to reach him, his cell phone number is 323-821-9075.

Southwest Gas Data Fix

One of our users has correctly pointed out that there is a small bug in the Location table of recent GPCMdat databases, which could cause some confusion in some reports.

The bug was introduced when the Southwest Gas pipeline model was split into two zones:  north and south.  In the location table Zone ZN194 became ZN194-N and ZN194-S.  Unfortunately, the Zone name "Southwest Gas Corp." did not get the North and South appendages.

So, the fix is really easy:  from Case Definition click the Data button then the Location button.  Select Type "Trans" and then browse down to the Southwest Gas Corp. entries and change them to Southwest Gas North and Southwest Gas South respectively.  Then your reports will also read correctly.

Thanks for letting us know about this!

Bob Brooks
GPCM Natural Gas Market Forecasting Systemhttp://gpcm.rbac.com


John:
?
I'm not really sure what happened between us.? I was  under the impression
after my visit to Houston that we were about to enter into  a trial agreement
for my advisory work.? Somehow,?this never  occurred.? Did I say or do
something wrong to screw this  up???
?
I don't know if you've blown this whole thing off, but I still  hope you are
interested in trying?to create an arrangement.? As a  courtesy, here is my
report from this past weekend.? If you are no longer  interested in my work,
please tell me so.??Best wishes,
?
Mark Sagel
Psytech Analytics
(410)308-0245?
 - energy2000-1112.doc


Ruth,
 Please review to verify that I have included all of your changes.  I believe
that the language in the first 3 cover us if the last agmt isn't done,
otherwise, the last one covers the trueup of negative values.  Do you
concur?  Please let me know if these are okay, and I will get my secretary to
deliver to you originals on ENA stationary.


[IMAGE]
[IMAGE]
 PLEASE  VISIT OUR SPONSORS:
Millions of dollars go unclaimed every year - some of it may belong to you. ClassActionAmerica.com is a free online resource that provides information about class action cases and product recalls. Register now and stay informed! CLICK HERE.

  Dear Jane Tholt,  Here are the standings in selected collge football conferences:  ACC              Conf All  Maryland (16)    5-1 7-1  Florida St. (14) 4-1 5-2  North Carolina   4-1 5-3  Clemson (24)     3-2 5-2  Georgia Tech (21)2-2 5-2  No Carolina St.  2-3 4-3  Virginia         2-4 3-5  Wake Forest      1-4 3-4  Duke             0-5 0-8   Big East           Conf All  Syracuse (22)      4-0 7-2  Miami Fla (1)      3-0 6-0  Virginia Tech (12) 3-1 6-1  Boston College     3-1 6-2  Pittsburgh         1-3 2-5  Temple             1-3 2-5  West Virginia      0-3 2-5  Rutgers            0-4 2-5   Big Ten            Conf All  Michigan (6)        4-0 6-1  Illinois (18)       3-1 6-1  Purdue (15)         3-1 5-1  Michigan St.        2-2 4-2  Ohio St.            2-2 4-3  Iowa                2-3 4-3  Northwestern        2-3 4-3  Wisconsin           2-3 4-5  Penn St.            2-3 2-4  Minnesota           1-3 3-4  Indiana             1-3 1-5   Big 12              Conf All  North   Nebraska (2)         5-0 9-0  Colorado (25)        4-1 6-2  Iowa St.             3-2 5-2  Missouri             2-3 3-4  Kansas St.           1-4 3-4  Kansas               1-4 2-5  South   Oklahoma (4)         4-1 7-1  Texas (5)            4-1 7-1  Texas A?(17)       4-1 7-1  Texas Tech           2-3 4-3  Baylor               0-5 2-5  Oklahoma St.         0-5 2-6   Pac 10               Conf All  Oregon (9)            4-1 7-1  Washington St. (19)   4-1 7-1  Washington (10)       4-1 6-1  Stanford (13)         4-1 5-1  UCLA (11)             3-1 6-1  Oregon St.            2-3 3-4  USC                   2-3 3-5  Arizona St.           1-3 4-3  Arizona               0-5 3-5  California            0-5 0-7   SEC                  Conf All  East   Florida (3)          4-1 6-1  Tennessee (7)        4-1 5-1  South Carolina (20)  5-2 6-2  Georgia (23)         4-2 5-2  Vanderbilt           0-4 2-5  Kentucky             0-5 1-6  West   Auburn (17)          4-1 6-2  Mississippi          3-1 6-1  Arkansas             2-3 4-3  LSU                  2-3 4-3  Alabama              2-3 3-4  Mississippi St.      0-4 1-5   WAC Conf All  Boise St.            4-1 5-3  Louisiana Tech       4-1 4-3  Rice                 3-1 6-2  Hawaii               4-2 5-2  Fresno St. (19)      2-2 6-2  SMU                  2-2 2-4  San Jose St.         2-2 2-5  Nevada               1-3 1-6  Texas El Paso        1-4 2-6  Tulsa                0-5 1-6

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REMINDER

Please join us for an online trading status meeting.
 Date:  Tuesday, October 24
 Time:  9 - 10am C.S.T. (Houston Time)
 Location: EB42C1

At our meeting we will meet Lisa Lees (Frank's replacement on EOL), learn
from Tana Jones about the Legal review portion of the PA process, talk about
new IT work for Global online processes, and go over user notes for Profile
Manager.

If a representative from your group will not be able to attend, please let me
know.  Also, if additional individuals would like to participate please
forward this notice and let me know their names.

London and Canada:
Let  me and Anthony Campos know which telephone number to call so you can
join us via teleconference.
Otherwise, please call in and join us for an update and discussion of online
trading contract issues.
Polycom number:  713-655-2018
Telephone number:  713-345-7794

---------------------- Forwarded by Karen Lambert/HOU/ECT on 10/23/2000 10:31
AM ---------------------------
From: Karen Lambert on 10/16/2000 11:19 AM
To: Kim S Theriot/HOU/ECT@ECT, Matthew Allan/LON/ECT@ECT, Amelia
Alland/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Enron Europe Global Contracts
and Facilities, Dianne Seib/CAL/ECT@ECT, Cyndie
Balfour-Flanagan/Corp/Enron@ENRON, Martha Stevens/HOU/ECT@ECT, Sarah
Smith/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Denae Umbower/Enron
Communications@Enron Communications, Molly Lafuze/Enron Communications@ENRON
COMMUNICATIONS@ENRON, Molly.Lafuze@enron.net, Alexia Gonzales/HOU/ECT@ECT,
Stephen Furter/LON/ECT@ECT, Andrew Wells/LON/ECT@ECT, Michelle
Schultz/NA/Enron@ENRON, cbalfou@enron.com, Denae Umbower/Enron
Communications@Enron Communications, Laurie Lee/NA/Enron@Enron
cc: Rhonda L Denton/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Chris Wiebe/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT,
Juana Fayett/Corp/Enron@Enron, Cheryl Dudley/HOU/ECT@ECT, Gina
LaVallee/CAL/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, James
Scully/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Susan Elledge/NA/Enron@Enron,
Linda K Loukanis/HOU/ECT@ECT, banders@enron.com, Danny Clark/Enron
Communications@Enron Communications, Amy Heffernan/Enron Communications@Enron
Communications, Gail Hill/LON/ECT@ECT, Charlie Hoang/HOU/ECT@ECT
Subject: Online Trading Status Meeting

Please join us for an online trading status meeting.
 Date:  Tuesday, October 24
 Time:  9 - 10am C.S.T. (Houston Time)
 Location: EB42C1
If a representative from your group will not be able to attend, please let me
know.

London and Canada:
Let me know which telephone number to call so you can join us via
teleconference.
Otherwise, please call in and join us for an update and discussion of online
trading contract issues.
Polycom number:  713-655-2018
Telephone number:  713-345-7794


Please review the transport positions in sitara for next month.  We should
have the Baja transport included.  100,000 short for PG&E topock, 80,000 long
Citygate, and 20,000 long KRS.  The sj to socal transport should be broken
out to like 24,000 topock, 14,000 mojave, and the balance to pg&e topock.
Also, please check on the kingsgate to malin and stanfield to malin for next
month.  What about sj to waha?

Patti, please run a report showing all of the sitara transport deals.  Thank
you!

Mike


Start Date: 4/23/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042312.txt


Louise:

As a follow up to our conversation early this week, I will have a draft site status report to you on Tuesday. What we've done is to take the site option list previously provided to you, and add a status column and a cost basis column. I'd like to sit down with you and Dave Duran to go over this, and also other information on Q1 to make sure my group is on track from your perspective. I could have a QBR package to you by late next week or early the following, depending on when you would like to get together.

I hope you have a good weekend.

Regards,

Ben


Marla -

I appreciate the patience on the Password issue.   I realize it has been a
while since we first spoke about this point.

I have reviewed the concern about hackers and Enron use of Passwords and the
best we can do is insert language into the Password App. similar to that
appearing in the attached document (which is the same type of language used
in the ETA's).  It is intended only to cover the situation where Clickpaper
personnel use the password or otherwise access the website, in an
unauthorized manner, on behalf of a counterparty.  The language does not
address the hacker situation as we place the burden in that situation upon
the counterparty.

Finally, since the Password App. is a legal, electronic agreement, any
amendments or modifications for a counterparty must come through my office or
through Tana Jones ((x. 33399).  Accordingly, those counterparties who have
raised the issue should call either one of us if further action is
necessary.  We do not actually revise the form agreements, but do provide
side letters indicating modifications to the form agreement.

Once again, please accept my apologizes for the delay.  Let me know if you
should need anything further.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Here's the financial trading piece - I may not have all of the formats quite
right.


probability   * payout =
1 heads         .5  0 = 0
   tails  2 heads        .25  1  = .25
      tails  3 heads     .125  2 = .25
       tails  4 heads   .0625  4 = .25
         tails  5 heads .03125  8 = .25

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:23:47 PM
Please respond to <epao@mba2002.hbs.edu>
To: <John.Arnold@enron.com>
cc:
Subject: RE: waiting

which game is that?

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 5:16 PM
To: epao@mba2002.hbs.edu
Subject: Re: waiting

Expected value of game = 1/2 * 0 + 1/4 * 1 + 1/8 *2 + 1/16 *4 +1/32 *
8+....
                   = 0        +.25       +.25      +.25      +.25      +...
                   = infinity

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:11:46 PM

Please respond to <epao@mba2002.hbs.edu>

To:   <John.Arnold@enron.com>
cc:
Subject:  waiting

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 4:37 PM
To: epao@mba2002.hbs.edu
Subject: Re: Extra credit

rules to a game:
You flip a coin. If you get tails you win 0.  if you get heads, i give you
$1.  Keep flipping until you get a tails, at which point you walk away with
the money.  however, each heads you get after the first you double your
money.  So if you flip heads 3 times and then tails, you get $4.  What's
you bid/offer on playing this game?  (would you pay $.5 to play? $1? $2?
what you charge me play against you?)


Pavel,

A follow-up on our discussion concerning the wisdom of IMF recommendations
for Russia.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/18/2000
08:03 AM ---------------------------

VKaminski@aol.com on 04/15/2000 10:14:28 AM
To: vkamins@enron.com
cc:
Subject: Stiglitz

Sound the Alarm
Economist James Stiglitz rips Washington's "market Bolsheviks"

By James North

When the Asian economic crisis started to bite deeply, during the second half
of 1997, Joseph Stiglitz recalls that his children were studying the
Holocaust. Each day, he went off to his job as chief economist and No. 3 man
at the World Bank, where he and his colleagues had come up with a consensus
of how to contain the spreading crisis. Each day, he got increasingly
frustrated as the bank's proposals were overruled by its sister organization,
the International Monetary Fund, influenced strongly by what Stiglitz calls
the IMF's "largest shareholder," the U.S. Treasury Department.

Especially frightening to Stiglitz was the IMF's rescue plan for Indonesia,
East Asia's most populous country after China. The fund directed the
Indonesian government to cut social spending and raise interest rates,
policies designed to draw panicked overseas investors back into the country.
But Stiglitz argued that sudden cuts, particularly in food and kerosene
subsidies, could trigger social unrest in the fragile island nation, and that
the violence might take an ugly ethnic turn. The Chinese minority there had
already started to worry.

"My kids were writing school papers about people who remained silent during
the Holocaust in Europe," Stiglitz remembered recently. "So you ask yourself
the question: 'Do you remain silent and play the system, or do you speak
out?' Why have a job with responsibility if you don't speak out?"

The IMF imposed its plan, and just as Stiglitz and the World Bank had
predicted, ethnic conflict swept across Indonesia, leaving hundreds dead.

By then, however, the economist was speaking out on Indonesia and other
international economic matters -- an action that earned him the enmity of
Lawrence Summers, now Secretary of the Treasury, then in a lesser role at the
agency, and other officials at the Treasury and the IMF. Their hostility, he
asserts, led to his departure from the World Bank earlier this year.

Today, from the outside, Stiglitz is increasing his criticism of the U.S.
Treasury/IMF policy toward Asia, Latin America and Russia, which is still
fundamentally unchanged despite the great scare of 1997-98. Stiglitz himself
may not join the expected protests this week in Washington at the IMF/World
Bank annual meetings. But the intellectual rigor and creativity that has put
him on just about everyone's short list for the Nobel Prize in Economics will
provide powerful support for the critics.

The Malcontent

When Stiglitz left the World Bank, press accounts described him as "a
malcontent," "a great nuisance" and "a scourge of the Washington
establishment." In person, however, he seems pleasant and enthusiastic, not
sour or contentious. Even when asked about his No. 1 opponent, Lawrence
Summers, he was never hostile, maintaining a kind of bemused detachment about
the Treasury Secretary; he chuckled when he recollected how Summers "went
ballistic" after one of his critical speeches.

Joseph Stiglitz's disagreements with the so-called Washington Consensus are
intellectual and not personal. He recognizes that he leans to the liberal
side of the spectrum, but he also insists that his views are not based on
sentiment, but on what he calls "good economic science."

Stiglitz: "Do you remain silent and play the system, or do you speak out?"
Take, for instance, the World Bank's response as the Asian crisis unfolded.
After Thailand's devaluation in July 1997, the Bank started to get data
showing that the country's financial crisis was triggering a depression -- a
severe downturn that would soon spread to Indonesia, South Korea and Hong
Kong. To Stiglitz, who had earlier been chairman of President Clinton's
Council of Economic Advisers, the pattern looked familiar. "I was approaching
it much as I would if I were advising the President of the United States,
recommending stimulatory policies to counter the decline," he remembers.

Instead, the Treasury/IMF in tandem overruled the Bank and did the precise
opposite, directing the beleaguered Asian countries, as a condition for
getting the bailout emergency loans, to raise interest rates and to reduce
government spending, including the all-important food and fuel subsidies.

Today, Stiglitz still cannot hide his astonishment at these contractionary
policies. The Washington Consensus argued that the measures were necessary to
restore overseas investor confidence, stabilize falling exchange rates and
attract capital back into the afflicted countries. But he points out that
their economic models were far too narrow, and therefore doomed to fail.

For example, the Treasury/IMF strategy ignored the potential for
bankruptcies. The sky-high interest rates forced even sound companies in
Thailand and Indonesia to the wall, which wasn't the best way to re-inspire
foreign investors. At the same time, the sharp cuts in government spending
stimulated violence across Indonesia, which did not build confidence
overseas, either.

Stiglitz insists that "these political and social concerns are not outside
the economic model." He knew that over the years, unrest had been frequent in
the developing world following the imposition of austerity plans. Indeed,
austerity-inspired uprisings are routinely called "IMF riots." But when he
raised his doubts, within channels, he says, "It was like hitting your head
against the wall."

Stiglitz has other pungent criticisms of the Washington Consensus:

He questions the Treasury/IMF insistence that emerging nations end
restrictions on capital flows. He points out that vulnerability to hot money
can worsen crises, emphasizing that some countries, such as China, have
achieved significant rates of growth without making their currencies fully
convertible.

He continues to criticize Western policy toward Russia. He argues that the
crash privatization program, in a country with no working democratic, legal
or financial regulatory system, created a corrupt new oligarchy that blocks
economic growth. He is particularly biting about the IMF's 1998 Russian
bailout. "Was this a good investment?" he asks. "You put in $6 billion ...
that enables the oligarchs to take out $6 billion in capital flight the next
day. Clearly the country is worse off, and everybody knew it was going to
happen."

He has strong objections to the IMF's policy of "conditionality" -- of making
loans to countries contingent on far-reaching internal changes. "Of course,
any lender will need evidence the loan can be repaid," he recognizes. "But
the conditionalities the IMF imposes have gone well beyond anything required
for repayment."

Now that Stiglitz is outside the system, he's expanding his critique. He will
divide his time between the Brookings Institution in Washington, teaching at
Stanford and working on a book about his experiences on the inside.

Not surprisingly, he comes down hardest on the U.S. Treasury/IMF
policymakers. They embody what Stiglitz calls "the theory of escalating
commitment." By that he means, "The cost of continuing mistakes is borne by
others, while the cost of admitting mistakes is borne by yourself."

Finally, he asserts, Treasury/IMF bureaucrats are following the dictates of
an ideology, not testing economic models in a scientific way.

Stiglitz uses the term "market Bolsheviks" to describe the advisers who
helped bring Russia to its economic knees in the 1990s -- people who believed
fervently in a rigid fundamentalist doctrine and tried to force an entire
society to conform to it, just as their central planning predecessors had
done back in Lenin's day.

The economist savors one final irony. IMF policy makers never apply their
anti-state orthodoxy to their own organization. "Intellectual consistency,"
he says, "should lead them to ask themselves, 'If we believe that government
bureaucrats are always incompetent, then why are we an exception?

He points out that the spread of democracy, accountability, good governance
and transparency are applauded around the world, at least in theory, and
asks: "Is it right for an international organization to be the instrument of
political change? Those of us who are committed to democracy are very
uncomfortable with a bunch of international bureaucrats playing the role of
God. Sometimes, they may play the role in the right way, but they can also
overturn democratically elected governments."

In a sense, Joseph Stiglitz resembles another economist, who worked for the
British Treasury and attended the 1919 Versailles peace negotiations after
the First World War. John Maynard Keynes was so disturbed at what he saw
there that he resigned his post and wrote The Economic Consequences of the
Peace, an impassioned polemic that eerily predicted that the harsh and
punitive economic settlement the Allies had imposed on Germany would create
terrible unrest and "sow the decay of the whole civilized life of Europe."

"What was great about Keynes was the combination of someone who used analytic
powers but who didn't distance himself from the human cost," Stiglitz
observes. "During the Vietnam War, we tried to distance ourselves by talking
about body counts. In economics, we talk about unemployment rates, so we
don't see the people. The challenge is, how do you remain analytically
honest, but not lose the human dimension?"

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


----- Original Message -----
From: Maggie VanSyckle <mailto:maggiemschf@yahoo.com>
To: Debra Tiffany Hollingshead <mailto:debra_tiffany@yahoo.com> ; ldryink@aol.com <mailto:ldryink@aol.com>
Cc: Patricia Ann Wehn-Glowski <mailto:paty1040@aol.com> ; Margaret Randerson <mailto:mprand@wt.net> ; bill charlene stein <mailto:circlesranch@earthlink.net> ; Darryl MK Stein <mailto:dstmk@hotmail.com> ; Christine Mamerow <mailto:cmamerow@aol.com> ; Cara Mcelhaney <mailto:cara.mcelhaney@sci-us.com> ; Marjorie Moody <mailto:moodym@prodigy.net> ; Kathy Mynarcik <mailto:kmynarcik@hcch.com> ; Tannis Nelson <mailto:tannis@alltel.net> ; Donna Dry <mailto:Deedeedry@aol.com> ; Leanne Dry <mailto:LDryink@aol.com> ; Liz Bain <mailto:lbain111@aol.com> ; Tom Barbara Howard <mailto:bnthoward@earthlink.net>
Sent: Saturday, December 29, 2001 10:51 AM
Subject: Fwd: Roadside Assistance: Something all Texas women

  CECECOMCOM@aol.com <mailto:CECECOMCOM@aol.com> wrote:

> ATTACHMENT part 2 message/rfc822 Date: Thu, 13 Dec 2001 11:48:47 -0800 (PST)
> FYI
>
> Roadside Assistance: Something all Texas women should know... especially
> since this has received very little publicity.
>
> Your Texas drivers license has a phone number in small print on the
> back,
> just above the bar code: 1-800-525-5555
>
> This number can be called for emergency assistance on the highway or
> wherever you might have trouble while in your car.
>
> A service truck will be sent to you. This service is state operated,
> paid
> for with your tax dollars. If you are ever stranded, just call the
> number on
> your driver licenses... help is on the way.
>
> Happy Holidays!

Maggie Van Syckle
"Come out of darkness into the light through Chr! ist Jesus."

  _____

Do You Yahoo!?
Send your FREE holiday greetings online at Yahoo! Greetings <http://rd.yahoo.com/mail_us/tag/?http://greetings.yahoo.com/>.


Attached please find my year 2000 accomplishments.  Please call if you have
any questions.


I am ok with it for the spot deals.   Mark

	Michelle Blaine/ENRON@enronXgate
	03/16/2001 01:48 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: John Novak/SA/Enron@Enron, Sami Arap/SA/Enron@Enron, Rob
Walls/ENRON@enronXgate, Robert C Williams/ENRON@enronXgate
		 Subject: FW: arbitration for Brazilian PPAs

Hi Mark,
Sami Arap, John Novak & I are in the process of developing a new matrix for
arbitration in Brazil on certain types of trading contracts for your
approval.   Until that is complete, however, Sami & John have identified the
following spot market contracts as needing immediate approval for dispute
resolution clauses agreeing to ICC administered arbitration in Sao Paulo or
Rio.  As you are aware, this is somewhat contrary to our traditional policy
for out of country ICC arbitration.  The counter parties in these
transactions will not agree to arbitration outside Brazil.  Given the nature
of these contracts, I believe ICC administered arbitration in Brazil is an
acceptable means for dispute resolution.  I've discussed this with Rob and he
is in agreement subject to your approval.
Regards,
Michelle

From:  Arap, Sami
[mailto:IMCEAEX-_O=ENRON_OU=NA_CN=RECIPIENTS_CN=NOTESADDR_CN=8DA5AE3C-E6301033
-862568E0-To:
Subject: arbitration for Brazilian PPAs
Importance: High

Michelle;

Our commercial guys are negotiating a number of PPAs in Brazil (spot market
deals) and we need to close these deals before the Brazilian Wholesale Power
Market (MAE) starts accounting and settling the long & short differences
among all players (LDC's, Genco's, marketers etc).  There are deals which
were "closed" last year ("closing" meaning that price, MWh volume, term,
power profile, center of gravity etc were agreed upon between the contracting
entities).  Some of these MWh's have already been physically traded but MAE
haven't yet calculated the system's settlement.

Karla and I are currently working on the below listed deals:

Moema-2: 10-year PPA to purchase 8MW; PV of apprx US$5,130,000.; MTM value of
US$1,200,000.
Sgu?rio: 2-year PPA to purchase 0.5MW; TBD
Furnas Collar: 2-year PPA to purchase 20-90-130MW (collar concept); PV of
apprx US$37,696,000.; MTM value of US$12,534,000.
Cofepar: 15-year term to purchase 200MW; PV of apprx US$171,014,000.; MTM to
be defined.
CSN: 14-month PPA to purchase 13.4MW (10,000MWh/month); PV of apprx
US$5,865,000.; MTM value of US$786,000.
Eletropaulo Metropolitana: 60-day PPA to purchase 7,000MWh/month; TBD
Gerasul/Pactual: 24-month PPA to purchase 29,57MW; PV of apprx
US$19,096,000.; MTM value of US$4,235,000.
CEMAT/Pactual: 13-month PPA to purchase 46MW; PV of apprx US$12,201,000.; MTM
value of 6,107,000.
Celtins: 30-day PPA to sell 80MWh during peak hours; TBD
Cemat: 30-day PPA to sell 950MWh during off-peak hours; TBD
SINOP:  10-month PPA to purchase 8MW; PV of apprx US$8,850,000; MTM value of
US$1,723,000.
AES Sul:  4-month PPA to purchase 33,6MW; PV of apprx US$2,470,000.; MTM
value of US$866,000.

We are not (yet) working under "umbrella" type of agreements where Enron and
the counterparty will execute a General Terms and Conditions (GTC) with
several Annexes, each of them related to a specific deal.  Each contract is
to be treated as one single deal.
Some of the above listed deals are 1QTR commercial priorities and I need to
know if you would be OK with Enron's Marketing Co (ECE) using
ICC-administered or FIESP-administered (as a second alternative) arbitration
under ICC Rules in S?o Paulo as the PPA's dispute resolution mechanism.
Although I am schedule to meet with Tozzini, Freire this week, I doubt I will
have time to get their legal opinion, discuss it internally, prepare a
recommendation to Jim Derrick etc etc.  I've already talked to some of the
counterparty's in-house counsellors and none of them is willing to accept
offshore arbitration.  Our counterparties' position has been arbitration in
Brazil under int'l rules OR local courts.

Rgds,

Sami


Attached is a Price Schedule, which follows the approximate structure we
discussed the other day. As previously mentioned, I aggregated some things
where it seemed to make sense to do so.

I have highlighted the Bridge Setup sections. I boosted this level from what
we discussed.

Also, I think our Auctions charges are too high. Suggest we drop the
per-Auction charge down to $2,000 (cost is less than $1,000).

Dave


My understanding is that Illinois is the only one, unless enovate will have
employees or inventory in any other states.  It is my understanding that it
will not.

Gregg, Russell, Matt, please speak up if I'm missing something.

Kay

Teresa Callahan
09/18/2000 08:22 AM
To: Kay Mann/Corp/Enron@Enron
cc: Deb Korkmas/HOU/ECT@ECT, Gregg Penman/Corp/Enron@ENRON, Lillian
Bailey/Corp/Enron@ENRON, Matthew F Gockerman/HOU/ECT@ECT, Russell E
Murrell/Corp/Enron@ENRON

Subject: Re: Authorization to revise documents to reflect change from Enovate
to enovate.

Please advise when everyone is in agreement as to which states we need to be
qualified in so that I may prepare the necessary documents.  Thanks, Teresa

	Kay Mann
	09/15/2000 04:43 PM

		 To: Russell E Murrell/Corp/Enron@Enron
		 cc: Teresa Callahan/Corp/Enron@Enron, Deb Korkmas/HOU/ECT@ECT, Lillian
Bailey/Corp/Enron@Enron, Matthew F Gockerman/HOU/ECT@ECT, Gregg
Penman/Corp/Enron@Enron
		 Subject: Re: Authorization to revise documents to reflect change from
Enovate to enovate.

Russell,

I don't believe we intend to qualify in all of those states.

Kay

Russell E Murrell
09/15/2000 04:41 PM
To: Teresa Callahan/Corp/Enron@Enron
cc: Deb Korkmas/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Lillian
Bailey/Corp/Enron@Enron

Subject: Authorization to revise documents to reflect change from Enovate to
enovate.

Per our conversation this morning, please revise the name change documents to
reflect enovate with a lower case "e" rather than Enovate.

We will be distributing marketing materials in Illinois, Indiana, Texas,
Wisconsin, Michigan, Iowa, Alberta (Canada).

Thanks for your assistance.  Let me know if you need anything.

Russell
(312) 541-1159


Anything we can do on this?  Thanks.  --Sally

-----Original Message-----
From: Jaquet, Tammy
Sent: Thu 1/10/2002 10:32 AM
To: Hall, Bob M
Cc: Superty, Robert; Beck, Sally
Subject: IT Support

Bob,

We all realize these are difficult times and we must all adjust and work together but I would like to make you aware of the recent support changes that pose some issues for Logistics.  We are told that the Solution Center is not available after 7:00 p.m.  Monday through Friday nor are they available on the weekend.  We are continuing to schedule gas in Logistics albeit on a limited basis during these after hours so is there anyway IT can manage to provide some level of support?

We appreciate your efforts to work with us to develop a solution.

Regards,

Tammy Lee-Jaquet
713-853-5375
tammy.jaquet@enron.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/01/2000
04:13 PM ---------------------------

GemanIX@aol.com on 09/01/2000 03:49:56 PM
To: Karla.Feldman@enron.com
cc: Vince.J.Kaminski@enron.com
Subject: Software license

Dear Ms.Feldman,
Please receive all my apologies for not having
answered earlier your 2 emails,but I was in the
States for 6 weeks and could not access my
Dauphine email.In any case,the time was
fruitfully used by my associates and myself to
improve the "robustness" of the product,from
a computer and mathematical standpoint.
Regarding your 3 points
1.We agree on the price of 90,000 USD
2.D-G will provide system support:we can do so
by emailing anther version of the software,being
available on the phone and by email but we
cannot promise unlimited support of all kinds
without risking bankruptcy right away.
Moreover,the $ 90,000 may be paid in 3 fractions
and your risk would be quite minimal
3.Regarding the escrow,we have been using so
far a small law firm with 5 partners(none of my
family) in Amherst:Hart,Reed,Brown,Golowich
and Kaplan.But we are not closed to anther
solution you would strongly prefer.
Best regards
Helyette Geman,PhD,PhD
D-G Energy Systems


Vince,

>I shall definitely attend you presentation at Power 2000.
Thanks, I appreciate it.

>I shall ask about a guest accounton EOL. Typically, such an account allows
>an outside user to take a look at the system, but I don't think the traders
>will allow
>systematic access to the price data over a long period of time by a third
>party.
I quite understand, and will appreciate the ability to use the system while
the permission is applicable.

>Would you like to meet with me, Alex, Helyette for dinner Tuesday?
I would be delighted to join you, Alex and Helyette for dinner Tue.  When
that info is available, please advise when and where.

Look forward to seeing you Tue.  Best,
Ehud

==============================================
     Ehud I. Ronn
     Department of Finance
     College and Graduate School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


---------------------- Forwarded by Paul Y'Barbo/NA/Enron on 04/17/2001 03:25
PM ---------------------------

Dan Masters@ECT
04/12/2001 04:12 PM
To: cskinner@cabotlng.com
cc: jmichalek@cabotlng.com, radamiak@cabotlng.com, Victor
Vega/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, swiedermann@EdisonMission.Com, Rick
Sierra/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul Y'Barbo/NA/Enron@Enron,
jmckechnie@cabotlng.com

Subject:

Chris,

As per clause 7.2 (a) (i) of the LNG sales contract we are providing you
EcoElctrica's Ninety Day Schedule given the two assumptions listed.

Assuming next ship is "Hilli"
3-7 May '01 "Hilli"
22-26 Jun '01 "Matthew"
1-5 Aug '01 "Matthew"

Assuming next ship is "Matthew"
17-21 May '01 "Matthew"
3-7 July '01 "Matthew"
11-15 Aug '01  "Matthew"

Regards,
Dan Masters


David,

Thanks for sending this to me, it looks good.  Does Mr. Frevert have the other points just in case further explanation is needed ?  I would not include them in his speaking points what you have is sufficient, but he probably needs the back ground just in case.

Let me know if I can do anything to help.

Regards,

Jon

 -----Original Message-----
From: 	Leboe, David
Sent:	Monday, July 23, 2001 3:54 PM
To:	Mckay, Jonathan
Subject:	Canadian Gas slide and related talking points.  See below.  Let me know if you have any comments on Frevert's talking points.  Thanks.

Here is the slide including Canada Gas Volumes -

 << OLE Object: Microsoft PowerPoint Slide >>

Here are the talking points -

North America Natural Gas Volumes - By Region

?	Enron has a very strong, well-established, broad-based North American natural gas business.  We deliver gas to over 2,000 customers at over 2,200 points across North America.

?	Volumes in each major region increased in the first quarter:
-	In the West, volumes in the second quarter almost doubled to 3.9 Bcf/d.  This increase has been in response to the unprecedented volatility and tight market for gas throughout much of the West.  The West is our smallest region, comprising approximately 15% of our North America gas business.
-	In Canada, our volumes in the second quarter of 2001 decreased 23% over the second quarter of 2000 to 5.8 Bcf/d due to fact that during 2000 we offered a fixed price Alberta gas product through EOL that our customers used to hedge commodity price risk.  With the Alliance Pipeline coming on-line in late 2000, our customers began making more extensive use of EOL's financial NYMEX-like products as an alternative.  During 2001, Enron did not offer this product in an effort to focus on higher margin products.  Our Canadian region continues its strong contribution to our total North America gas activities.
-	In our Central region, second quarter volumes increased 11% over a year ago to 7.2 Bcf/d.  Our strong, broad-based presence in the region allowed us to grow our Central region business consistently over the last few years.  In addition, our alliance with Peoples' Gas to develop the Chicago hub has brought increased liquidity to the region.
-	In the East, our volumes in the second quarter of 2001 increased 29% over the second quarter of 2000 to 9.0 Bcf/d.  The East region is our largest region, comprising 35% of our North America Gas business.
-	Across all of our regions, EnronOnline contributed to the strong, overall increase in volumes during the quarter.

Background:

 << OLE Object: Microsoft Excel Worksheet >>

David T. Leboe
Director, Investor Relations
Enron Corp.

Office  713.853.4785
Cell  713.562.2160
Fax   713.646.3002
Pager  877.237.7732
david.leboe@enron.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
05:04 PM ---------------------------

"Btu" <subs@Btu.net> on 12/15/2000 04:53:24 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp121800.pdf


What is your price for a MB Quart QM218.61Q?

DG


That is ok.  I totally blanked until it was too late also.

I think that if Millie decides she likes my flat than I will have her as a
roommate.  I decided I could not deal with it right then and so I told her
she did nto have to worry about it until July.  however, i think she seems
really nice and I think it would be fun.

HAve a great day.
Ashley

Susan.M.Scott@enron.com on 13/06/2001 16:19:12

To:   IMCEANOTES-Ashley+2EMarynick/40chase/2Ecom/40ENRON@ENRON.com
cc:
Subject:  RE: Random

Okay...I'm an idiot...I forgot to bring your email address with me to
London (it's saved in my contacts list at work) and I can't check my work
email from outside locations...augh!  Yet again, I fail.  However, I had
such a good time visiting I think I'm going to try to make a quick trip
back over this fall when the air fares are a little cheaper.  That way, I
could see you and Jessica and Clay.  I will stick your phone number in my
physical address book and be a better visitor next go-round.

Sorry again for the oversight.  Also, the next trip I make will most likely
be solo (my roommate in Houston came with me this time) so it will be
significantly easier for me to maneuver.

Talk to you soon,
Susan

Any luck on the roommate front?  Do you still want me to talk to Millie?

    -----Original Message-----
   From:   Ashley.Marynick@chase.com@ENRON

[mailto:IMCEANOTES-Ashley+2EMarynick+40chase+2Ecom+40ENRON@ENRON.com]

   Sent:   Friday, June 08, 2001 10:50 AM
   To:     Scott, Susan M.
   Subject:  Re: Random

   are you here?  give me a call on 0788-418-5453 if you can.

   take care, ashley


Here's the attached termsheet
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/12/2000
01:57 PM ---------------------------

Brent Hendry@ENRON_DEVELOPMENT
01/11/2000 01:56 PM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:
Subject: Re: Indicative Price Request to CMS

I have forgotten, does the originator need to get credit approval if a master
is in place?  Or does the credit dept. review the positions after the fact?
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
11/01/2000 04:55 PM ---------------------------

Julian Poole
11/01/2000 07:53 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Indicative Price Request to CMS

No I haven't spoken to Pat yet. I believe credit analysis has already been
done before the ISDA was signed.
Like when we did the swap with Puerto, there was no credit done for that
particular transaction.

Julian

Brent Hendry
01/11/2000 10:21 PM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc: Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Indicative Price Request to CMS

Sara,
Here are the indicative terms we are looking to get three price quotes for
from CMS.  Julian will need to get you the contact information for the
counterparty.  We would like a letter from ENA requesting the quotes for the
trade information specified below and an attached confirm format with the
price, term and volumes left blank since those terms are not yet set.  Please
let me know if you have any questions or if you need any additional
information.  We would like to have this letter sent in the next few days and
would like to request a response from CMS by the middle or end of next week.
Julian can give you a more exact time frame for a response.   Please send
Julian the draft for review and copy me.  Thanks for your help on this.
Julian, have you spoke with Pat about the potential deal yet?

Brent
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
11/01/2000 04:13 PM ---------------------------

Julian Poole
11/01/2000 06:26 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Indicative Price Request to CMS

Brent: pls. have a final look at it before sending it to Sara.

Thanks, Julian


Okay, I have to admit it is somewhat of a pansy schedule and it is going to
be like that for about the next three years.  However, this season will give
us the perfect opportunity to get all of our freshman and sophomores the
necessary experience needed to win the National title two to three years from
now.  Mack Brown is a master at pacing a teams rise to the top.  With the #1
recruiting class in the country last year and a top 5 class this year the
future looks bright for the Longhorns.  Besides, our stadium's on campus and
we've sold over 40,000 season tickets...the games are bound to be fun
regardless of how weak the opponents may be.

Counter?

Shorty

Ted Noble
08/25/2000 03:51 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re:

Hey Shorty,

Sorry your week has been going poorly (I guess you feel like I did Wednesday
night).  But on the bright side, college football starts this weekend which
is always a plus and today is Friday which makes this bad week over.  I am in
middle of packing once again for another move but the good news is that I get
kicked out by 5:00 today.  I was checking out UT schedule and it looks like
they have a pansy schedule (unlike UCLA that has to play Alabama #3 and
Michigan #4 early in the season).  Any comments on that?

Ted

Susan M Scott
08/25/2000 02:37 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject:

Well, this may go down as one of my absolute worst weeks ever.  Hope yours
was better and that you made a full recovery from Steak Night.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/26/2000
05:21 PM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Anjam Ahmad                           10/26/2000 04:20 PM

To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Kevin G Moore/HOU/ECT@ECT,
Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Maureen
Raymond/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Benjamin Parsons/LON/ECT@ECT,
Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Amitava
Dhar/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Kevin
Kindall/Corp/Enron@ENRON, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Michael
SCHILMOELLER/ENRON@Gateway, Anita DuPont/NA/Enron@ENRON, Hector
Campos/HOU/ECT@ECT, Youyi Feng/NA/Enron@Enron, V Charles Weldon/HOU/ECT@ECT,
Shane Green/HOU/EES@EES, Praveen Mellacheruvu/HOU/EES@EES, Yana
Kristal/Corp/Enron@ENRON, Bob Lee/NA/Enron@Enron, Li Sun/NA/Enron@Enron,
Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Samantha T
Davidson/HOU/ECT@ECT, Tara E Turk/HOU/ECT@ECT, Rebecca Phillips/HOU/ECT@ECT,
Rahil Jafry/HOU/ECT@ECT, Bhavna Pandya/HOU/ECT@ECT, George
Hopley/HOU/ECT@ect, Ted Murphy/HOU/ECT@ECT, Atticus R Lyon/Corp/Enron@Enron,
Farouk Lalji/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Madhur
Dayal/HOU/ECT@ECT, Pavel Zadorozhny/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT,
Richard Lewis/LON/ECT@ECT
cc: Amir Ghodsian/LON/ECT@ECT, Imtiaz Ahmad/LON/ECT@ECT, Sadia
Haider/LON/ECT@ECT, Natasha Danilochkina/LON/ECT@ECT, Martina
Angelova/LON/ECT@ECT, Zuzana Strmenova/LON/ECT@ECT, Joe Gold/LON/ECT@ECT,
Louise Kitchen/HOU/ECT@ECT, Emmanuel Rialland/EU/Enron@ENRON, Amita
Gosalia/LON/ECT@ECT, Emily Boxall/LON/ECT@ECT, Mikael Nordstrom/LON/ECT@ECT,
James Stephen/LON/ECT@ECT, Ian Clark/LON/ECT@ECT, Brynjar
Wiersholm/LON/ECT@ECT, Stefan Fastesson/OSL/ECT@ECT, Bjarne
Schieldrop/OSL/ECT@ECT, Morten E Pettersen/AP/Enron@Enron, Thor
Lien/OSL/ECT@ECT, Trond Branem Hansen/OSL/ECT@ECT, Sandra Marie/LON/ECT@ECT,
Cecilia Turriago/NA/Enron@Enron, Helen Read/LON/ECT@ECT, Sophie
Smith/LON/ECT@ECT, Esther Gerratt/LON/ECT@ECT, Melanie Doyle/LON/ECT@ECT,
Tara Rozen/LON/ECT@ECT, Paul Mead/LON/ECT@ECT, Peter W Chan/LON/ECT@ECT,
Christian Hanell/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT, Sandy
Schumacher/LON/ECT@ECT, Frank Lien/OSL/ECT@ECT, Richard Sage/LON/ECT@ECT,
Tani Nath/LON/ECT@ECT, Janne Lilleberg/HEL/ECT@ECT, Olle Enander/STO/ECT@ECT,
Amit Bartarya/LON/ECT@ECT, Sheila Foo/LON/ECT@ECT, Barry Pearce/Enron
Communications@Enron Communications, David Weekes/LON/ECT@ECT, Olivier
Herbelot/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Omer Muftuler/Enron
Communications@Enron Communications, Jiri Novotny/LON/ECT@ECT, Jitendra
Patel/Market Risk Management/LON/ECT@ECT, Claire Viejou/LON/ECT@ECT, Victoria
Bedingfield/LON/ECT@ECT, Nick Mooney/LON/ECT@ECT, Steve W Young/LON/ECT@ECT,
Kazeem Khan/LON/ECT@ECT, Sarah Knott/LON/ECT@ECT, John Metzler/LON/ECT@ECT,
Silke Linke/LON/ECT@ECT, Beth Apollo/LON/ECT@ECT, Mohamed
Bharadia/LON/ECT@ECT, Harjit Ruprai/LON/ECT@ECT, Mary Thambiah/LON/ECT@ECT,
Ulf Ek/LON/ECT@ECT, Padmesh Thuraisingham/LON/ECT@ECT, Cassim
Mangerah/LON/ECT@ECT, Dale Surbey/LON/ECT@ECT, Jurgen Hess/LON/ECT@ECT, Mary
Ward/LON/ECT@ECT, Neil Tarling/Enron Communications@Enron Communications,
Rose Greenwood/LON/ECT@ECT, Catherine Woolgar/OSL/ECT@ECT, Jo
Kelsey/LON/ECT@ECT, Todd Stevens/LON/ECT@ECT, Rod Nelson/LON/ECT@ECT, Katrina
Bensadon/LON/ECT@ECT, Ruth Blunden/LON/ECT@ECT, Kate Bruges/LON/ECT@ECT,
Rashpal Bhatti/LON/ECT@ECT, Louis Redshaw/LON/ECT@ECT, Ednan
Malik/LON/ECT@ECT, Maria Raftery/LON/ECT@ECT, Erik Hansen/LON/ECT@ECT, Ilona
Tonjes/LON/ECT@ECT, Rob Bayley/LON/ECT@ECT, Haakon Olafsson/Enron
Communications@Enron Communications, Preben Richter/OSL/ECT@ECT, Lise
Edvardsen/OSL/ECT@ECT, James New/LON/ECT@ECT, Graham Aley/LON/ECT@ECT,
Jan-Erland Bekeng/AP/Enron@Enron, Russell Plackett/EU/Enron@Enron, Andreas
Barschkis/NYC/MGUSA@MGUSA, Rick Buy/HOU/ECT@ECT, Renata Frankova/LON/ECT@ECT,
Ali Lloyd/LON/ECT@ECT, Didrik Thrane-Nielsen/OSL/ECT@ECT, David
Hardy/LON/ECT@ECT, Laurelle Hughes/LON/ECT@ECT, Matthew Nimmo/LON/ECT@ECT,
Lloyd Fleming/LON/ECT@ECT, Hector A Godoy/LON/ECT@ECT, Tom
Bruce-Jones/LON/ECT@ECT, Gillian Lister/LON/ECT@ECT, Jay
Fitzgerald/NY/ECT@ECT, Viacheslav Danilov/LON/ECT@ECT, Reza
Rezaeian/Corp/Enron@ENRON, Shabana Ahmad/LON/ECT@ECT, Zarin Imam/HOU/EES@EES,
Guy Little/LON/ECT@ECT, david.port@enron.com, Gary Hickerson/HOU/ECT@ECT,
Bryan Seyfried/LON/ECT@ECT
Subject: Message from Anjam S Ahmad

Dear All,

On 25th October I announced my resignation from Enron Europe to pursue other
opportunities.  I just wanted to say that the past 3 1/2 years has been a
very interesting and positive experience for me, having been a key part of
such a dynamic and fast-moving organisation.  Enron is by far the best
organisation I have ever worked for, and I am proud to have had the
opportunity to work here and become a shareholder.  I have found it a real
pleasure to have worked with such talented and interesting individuals as
exist within Enron Europe and Enron Corp in Houston & Portland and I
genuinely wish you the best of success going forward.  I would also like to
take this opportunity to thank Vince Kaminski, John Sherriff and Richard
Lewis for hiring me in April 97 and thereafter offering such interesting and
challenging projects to work on.

I have made some excellent friends at Enron and hope to keep them - I have a
base in London and will probably be visiting Houston soon, so please feel
free to stay in touch!

CONTACT:
E-mail:   citywhizkid@hotmail.com (easy to remember!)
Mobile:   0961 111 192
Home:    020 8877 9741
Address: Apt 213, Compass House, Riverside West, Smugglers Way, Wandsworth,
London SW18

I will be at the Talbot pub tomorrow Friday 27th October from 6pm where I
hope to catch up with you as a final farewell!

Best wishes for the future!

Anjam
x35383


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From: "John Suttle" <John.Suttle@enron.com>
To: jpeters@andrews-kurth.com
Message-ID: <86256938.00676383.00@notes.ect.enron.com>
Date: Fri, 11 Aug 2000 13:49:12 -0500
Subject: Harvard/Enron ISDA
Mime-Version: 1.0
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---------------------- Forwarded by John Suttle/HOU/ECT on 08/11/2000 01:47 PM
---------------------------

"Diggins, Timothy W." <TDiggins@ropesgray.com> on 08/10/2000 06:22:57 PM

To:   "'jsuttle@enron.com'" <jsuttle@enron.com>, "'jpeters@enron.com'"
      <jpeters@enron.com>
cc:   "Kimberly J. Noble (E-mail)" <noblek@hmc.harvard.edu>
Subject:  Harvard/Enron ISDA

Attached are revised drafts of the proposed Schedule and Addendum, marked to
show changes from the most recent draft you reviewed.  I believe that we
have implemented most of the changes you suggested.

Although I have discussed most of the changes with Kim Noble, she may have
additional or different thoughts.

We are still in the process of reviewing the form of Enron guaranty, and
will come back to you with comments shortly.

We look forward to hearing from you at your early convenience.

Best regards.

 <<81004.DOC>>  <<81005.DOC>>

(See attached file: 81004.DOC)
(See attached file: 81005.DOC)

 - 81004.DOC
 - 81005.DOC


Per my voice mail.  Please call ASAP.  Thanks.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/10/99 09:05
AM ---------------------------

Mark Evans
05/06/99 09:17 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: jdavies@linklaters.com, fxavier@linklaters.com, Mark - ECT Legal
Taylor/HOU/ECT@ECT, Treasa Kirby/LON/ECT@ECT, Philippe Penet/LON/ECT@ECT,
tyates@velaw.com
Subject: RIVERSIDE 6

Sara,

I hope you have now received instructions from your commercial swaps team to
put together an ISDA  currency swap and confirm which ECT Corp will be
providing to either Enron Europe Power 3 Limited or a subsidiary of that
company. The subsidiary will be receiving dollars under a bond issue and
paying pounds out (a spot transaction I believe) but will then receive pounds
income which it will need to convert to dollars to pay interest on the bonds.

The precedent document is the Sutton Bridge currency swap.

Can you please confirm you have been instructed and let us know your timing
for issuing a document.  The sooner we can see this next week the better.

The bond trustee will as usual require the swap to be backed with legal
opinions from Enron in-house counsel (Mark Haedicke) re due execution and
from V&E (Terry Yates) re enforceability. My understanding is that the swap
will not be guaranteed by Corp (correct Julian?).

Linklaters are representing Enron - Julian Davies and Fran Xavier (tel: 171
456 2000). Could you please send them your fax, telephone and email details.
Linklaters have kindly agreed to prepare a first draft of the Mark Haedicke
opinion and to send it out to you Sara.

Thank  you. I look forward to hearing from you.

     Mark


CALENDAR ENTRY:	APPOINTMENT

Description:
	Ava-35842/Market Services Council Mtg. conference room 42C2

Date:		11/15/2001
Time:		10:30 AM - 12:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


We're fine.  I've been getting a lot of crap to dump him and move on cause
he's obviously not "the one" but I'm just like, that's stupid cause I'm not
looking for "the one" right now so why not just hang out with him in the
mean time!

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Thursday, April 19, 2001 8:35 AM
To: Katie.Trullinger@wfsg.com
Subject: RE: FW: hi!

So how are you and what his face doing?


Julie,

I have entered the following deals for wellhead meters in 03/01:

Deal #  Counterparty  Meter #

631403  Amerada Hess  0435
631437  Anadarko Petr.  0435
631449  Apache Corp.  0435
631486  Barrett Resour.  0435
632586  Cima Energy  6284
632651  Columbus Energy 9758
632978  Crosstex Energy 9843
631504  Crosstex Energy 0435
633028  Duke Energy  6347
633111  EEX E&P  9695
633154  El Paso Merchant 5923
633184  El Paso Merchant 5848
633227  Four Square Gas 9705
631543  Meridian Resource 0435
631580  Ocean Energy  0435
631662  Seneca Resources 0435
633360  Simray O & G  9739
633380  Swift Energy  2630
634419  Swift Energy  9643
631737  Tri-Union Devel. 0435
633427  Vintage Gas  9603
631767  Walter O & G  0435
634035  Whiting Petr.  6523

Bob


> DELL & ENRON ClickAtHome ORDER CONFIRMATION
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Lisa Quintanilla


FYI - The desk heads do not get to see p&l sheets for the floor.  Be careful
letting them know what you have.  We also wouldn't want Lavorato to find out
that more people or seeing these reports than he thinks.

Dave


congratulations!!
---------------------- Forwarded by Vicki Sharp/HOU/EES on 01/18/2000 03:03
PM ---------------------------

Rick Causey@ENRON
01/17/2000 06:04 PM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Global Risk Management Operations

Recognizing Enron,s increasing worldwide presence in the wholesale energy
business and the need to insure outstanding internal controls for all of our
risk management activities, regardless of location, a global risk management
operations function has been created under the direction of Sally W. Beck,
Vice President.  In this role, Sally will report to Rick Causey, Executive
Vice President and Chief Accounting Officer.

Sally,s responsibilities with regard to Global Risk Management Operations
will mirror those of other recently created Enron global functions.  In this
role, Sally will work closely with all Enron geographic regions and wholesale
companies to insure that each entity receives individualized regional support
while also focusing on the following global responsibilities:

1. Enhance communication among risk management operations professionals.
2. Assure the proliferation of best operational practices around the globe.
3. Facilitate the allocation of human resources.
4. Provide training for risk management operations personnel.
5. Coordinate user requirements for shared operational systems.
6. Oversee the creation of a global internal control audit plan for risk
management activities.
7. Establish procedures for opening new risk management operations offices
and create key benchmarks for measuring on-going risk controls.

Each regional operations team will continue its direct reporting relationship
within its business unit, and will collaborate with Sally in the delivery of
these critical items. The Houston-based risk management operations team under
Sue Frusco,s leadership, which currently supports risk management activities
for South America and Australia, will also report directly to Sally.

Sally retains her role as Vice President of  Energy Operations for Enron
North America, reporting to the ENA Office of the Chairman.  She has been in
her current role over Energy Operations since 1997, where she manages risk
consolidation and reporting, risk management administration, physical product
delivery, confirmations and cash management for ENA,s physical commodity
trading, energy derivatives trading and financial products trading.

Sally has been with Enron since 1992, when she joined the company as a
manager in Global Credit.  Prior to joining Enron,  Sally had four years
experience as a commercial banker and spent seven years as a registered
securities principal with a regional investment banking firm.  She also owned
and managed a retail business for several years.

Please join me in supporting Sally in this additional coordination role for
global risk management operations.