You know Mark Haedicke well. The meeting on the 9th has been cancelled in
favor of the Thurs call.

	"JOHN KLAUBERG" <JKLAUBER@LLGM.COM>
	05/01/2001 10:39 AM

		 To: Richard.B.Sanders@enron.com
		 cc: "CARL EKLUND" <CEKLUND@LLGM.COM>
		 Subject: Fwd: California Litigation Team - Weekly Conference Call

Richard:  when Carl and I were down in HN a few weeks ago and met with you
and Mark, Mark had suggested a meeting on May 9th in HN to discuss all of the
status of all of the litigation matters and to coordinate with the various
filings being made and anticipated to be made in the bankruptcy court by EPMI
in the PG&E case and in the PX case (or through the Creditors or Participants
Committees).  Do you know if that meeting in HN is still on or has that
meeting in person been "overtaken" by the Thursday afternoon litigation
update calls?  Thanks  John

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com

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Subject: California Litigation Team - Weekly Conference Call
To: cecklund@llgm.com, dwatkiss@bracepatt.com, dleff@enron.com,
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cc: Cindy.Derecskey@enron.com, Cristina.Zavala@enron.com,
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X-Mailer: Lotus Notes Release 5.0.3  March 21, 2000
Message-ID: <OF4E573332.3C11EB13-ON86256A3F.004EA8C6@enron.com>
From: Janette.Elbertson@enron.com
Date: Tue, 1 May 2001 09:26:12 -0500
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
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The California Litigation Team weekly conference call scheduled for
Thursday, May 3, has been cancelled.

The weekly conference call will resume on Thursday, May 10, at 2:00 p.m.
central time.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


thanks.  have fun egging the neighborhood kids


Shannon Shue
shuebox@u.washington.edu

To Mr. Ken Lay,

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

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

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

Sincerely,

Shannon Shue


Can you look into this... what is it about?

-----Original Message-----
From: enron_update@concureworkplace.com
[mailto:enron_update@concureworkplace.com]
Sent: Thursday, November 08, 2001 11:30 PM
To: Tycholiz, Barry
Subject: Expense Report Receipts Not Received

Employee Name: Barry Tycholiz
Report Name:   October Expenses
Report Date:   10/16/01
Report ID:     F74BD06CC1A911D5B371
Submitted On:  10/19/01

Receipts for this expense report have not yet been received. If receipts have been mailed, please disregard this message.


USA: Congressional panel to issue 51 subpoenas on Enron.
Reuters English News Service, 01/09/2002

USA: Judge rules she has power to freeze Enron assets.
Reuters English News Service, 01/09/2002

Enron's once-wild trading ways could be curbed by new partner
Associated Press Newswires, 01/09/2002
Enron Creditors Ask Judge to Delay Trading Assets Sale
Bloomberg, 01/09/2002
Some Enron Bidders May Be Playing Wait-and-See Game
Bloomberg, 01/09/2002

Several bid for Enron trading ops: Winner to be announced Thursday
CBS.MarketWatch.com, 01/08/2002

Enron in 6 energy policy meetings: Cheney's counsel: Firm's finances weren't discussed
CBS.MarketWatch.com, 01/08/2002

USA: GAO to decide within month on suing White House.
Reuters English News Service, 01/09/2002

Fitch: Northern Natural Gas On Rating Watch Positive
Business Wire, 01/09/2002

Two Civil Lawsuits Filed Against Enron In Texas Court
Dow Jones Energy Service, 01/09/2002

Enron's Creditors: Y'all Come Back To Texas
Forbes.com, 01/09/2002

SMALL FAVOR / After so much woe, Enron backdown a tiny bright spot
Houston Chronicle , 01/08/2002

Creditors try to relocate Enron case / Bankruptcy judge to decide by weekend: Houston or New York
Houston Chronicle, 01/08/2002

CEOs of Leading Energy and Technology Companies to Forge Consensus on Restructuring Priorities for 2002
Business Wire, 01/09/2002

__________________________________________________

USA: Congressional panel to issue 51 subpoenas on Enron.
By Kevin Drawbaugh

01/09/2002
Reuters English News Service
(C) Reuters Limited 2002.

WASHINGTON, Jan 9 (Reuters) - Fifty-one subpoenas seeking documents on the collapse of Enron Corp. will be issued on Friday by the Senate's Permanent Subcommittee on Investigations, the committee told Reuters on Wednesday.
Marking a further escalation of the Enron saga, the document subpoenas were thought to be the first to come out of Congress, although federal agents have already invoked their subpoena power to compel testimony on Enron.
"We are issuing subpoenas on Friday. There are 51 subpoenas being issued," a spokesperson for the subcommittee said.
Subpoenas will be served on Enron, the fallen energy trading giant, and its auditor, the accounting firm Andersen, as well as 49 individual officers, employees, and members of Enron's board of directors, the spokesperson said.
Robert Bennett, a lawyer representing Enron on Capitol Hill, said he was aware of the subpoena plan. He said Enron was "fully cooperating" with the subcommittee.
"Not only am I aware of this, I told them a week ago they didn't need to issue subpoenas, that we'd be happy to produce whatever documents they want," Bennett said in an interview.
"I don't think it was at all necessary to issue subpoenas. I also told them, and they agreed, that I will accept service of these subpoenas. So, they're just going to send them to me."
Last week, the subcommittee joined four other congressional panels, the Securities and Exchange Commission, and the departments of Justice and Labor in probing Enron.
Once the world's largest energy trading firm, the company went in a few short weeks from Wall Street star to making the largest bankruptcy filing in U.S. history on Dec. 2.
Its downfall threw thousands out of work and destroyed billions of dollars in investor equity, even as top Enron executives allegedly raked in fat profits by selling shares ahead of a dizzying drop in the company's stock pri???hares were trading at 80 cents on Wednesday on the New York Stock Exchange, off an Aug. 2000 high of???RINGS GALORE
Another congressional hearing into Enron is scheduled for Jan. 24 before the Senate Committee on Governmental Affairs, of which the permanent subcommittee is a part. The two are pursuing separate lines of inquiry, the spokesperson said.
"The subcommittee is looking into the role of the officers and board members, the role of the auditors, and the role of special-purpose entities," or the financial partnerships set up by Enron to keep certain debts off its books, the spokesperson said.
These topics closely resemble those being probed by the House of Representatives Financial Services Committee and the Senate Commerce Committee, which have already held hearings, as well as the House and Senate Energy committees.
The subcommittee spokesperson said: "We are subpoenaing documents. We're not subpoenaing people to come forward ... We are subpoenaing, not because people are refusing to turn over, it's just the most efficient method to get documents."
Last month, former Enron Chief Financial Officer Andrew Fastow complied with a subpoena and testified before the SEC after the agency threatened to slap him with a court order.
The subcommittee did not name the 49 individuals who will be served with subpoenas, but congression???embers of Enron's large board of directors.
Enron, Andersen, and the 49 individuals would have "several weeks" to respond to the subpoenas, the spokesperson said.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: Judge rules she has power to freeze Enron assets.

01/09/2002
Reuters English News Service
(C) Reuters Limited 2002.

HOUSTON, Jan 9 (Reuters) - A federal judge ruled she has the authority to freeze $1.1 billion in assets belonging to Enron Corp. executives but postponed a decision on the measure sought by a bank that is suing the bankrupt energy trader.
In an order dated Jan. 8, U.S. District Court Judge Lee Rosenthal asked Amalgamated Bank, which manages worker retirement funds, to file a brief in support of its request by Jan. 23 and Enron and its executives to file a response by Feb. 6.
Rosenthal said a 1999 Supreme Court opinion cited in the case did not prevent her from freezing the assets of 29 Enron executives and board members named in the suit.
But she said there were insufficient grounds for issuing such an order immediately.
Amalgamated Bank has alleged that Enron executives and board members pocketed $1.1 billion from sales of Enron stock in recent years by artificially inflating earnings to jack up the price.
Amalgamated attorney Bill Lerach told Rosenthal in December that his clients lost more than $10 million from the collapse of Enron and that they hoped to get some of it back from the wealthy Enron executives.
Rosenthal argued at the time that freezing the money would help his clients and those in an estimated 60 other shareholder lawsuits recover their losses.
Attorneys for the Enron executives said their clients had not done anything wrong and that an a???necessary.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron's once-wild trading ways could be curbed by new partner
By BRAD FOSS
AP Business Writer

01/09/2002
Associated Press Newswires
Copyright 2002. The Associated Press. All Rights Reserved.

NEW YORK - If an investment bank is picked this week to help revive Enron Corp.'s core energy trading business, a conservative turn is expected for an operation built on aggressive risk-taking and high volume.
An auction of Enron's trading operation is scheduled Thursday in federal bankruptcy court, where the Houston-based company wound up when its financial problems spun out of control in November.
Before its collapse, the company was the world's largest energy merchant, accounting for roughly 25 percent of all trades in a market it helped pioneer. Enron differed from competitors in its penchant for complex bets on everything under the sun - advertising space, broadband, paper, the weather and more than 1,000 other products.
Investment banks that appear to have an interest in buying into Enron, such as Citigroup Inc. and UBS Warburg, would likely shed the gun-slinging attitude that permeated the trading desk of the former energy giant, analysts said.
"I don't think that's the culture most of these banks have," said Gordon Howald, an analyst who follows energy merchants for Credit Lyonnais Securities in New York.
William Hyler, an analyst with CIBC World Markets Corp. in New York, predicted "a smaller version of the old Enron."
The temporarily-dubbed New Energy Trading Company, or NETCO, might have no choice but to play a smaller role in the gas and power trading markets Enron helped create as executives could have trouble wooing back Enron's former business partners.
The Atlanta-based InterContinental Exchange and the online trading platform owned by Dynegy Inc. of Houston have both reported significant gains in trading volume since Enron's demise.
"It's not like we're all sitting around here doing nothing now that Enron's gone," said Eric van der Walde, executive vice president of trading and marketing for American Electric Power of Columbus, Ohio. "The market is just fine."
Not everyone agrees.
Charlie Sanchez, who oversees the energy trading desk at Gelbert and Associates in Houston, said energy traders long for the enormous trading volume Enron brought to the industry with its appetite for risk and willingness to take on nearly every buy or sell order that appeared on its Internet-based platform, EnronOnline.
"I get frustrated now and then because I don't have the liquidity that I had in the past," Sanchez said.
As a result, the spread between what sellers are asking and buyers are offering on other exchanges is not always always as tight as it was on EnronOnline, a sign of less efficiency, he said.
But recreating EnronOnline will not be easy. "Bridges were burned" when investors and traders alike lost confidence in the company, Sanchez said.
Whether EnronOnline or NETCO ever get off the ground, and in what form, remains uncertain.
A New York bankruptcy judge will have the final word Friday on any sale that takes place during Thursday's auction. More than a dozen Enron creditors have filed objections to the sale, essentially because they want a better explanation of how the proceeds will be divvied up.
In approving any sale, Judge Arthur Gonzalez is likely to address creditors' concerns in his ruling. If they remain dissatisifed, creditors will have 10 days to appeal the ruling.
Lawyers for various creditors have acknowledged their own interest in moving the sale along, because much of the remaining value at Enron is its top-notch energy traders, who are increasingly at risk of being hired away by competitors.
John Olson, a securities analyst who follows energy merchants for Sanders Morris Harris Group Inc. in Houston, said any new partner would do itself - and energy markets - a favor by restoring the Enron of old, save for its controversial accounting practices.
"If banks want to see the $15 billion they are owed, they are going to have to run this thing relatively aggressively," Olson said. "Otherwise it becomes just another trading platform."
Enron did not return a call seeking comment about its intentions for NETCO.
---
On the Net:
Enron Corp: http://www.enron.com
In U.S. Bankruptcy Court: http://www.nysb.uscourts.gov/enron.html

With AP Photo NY836
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Creditors Ask Judge To Delay Trading Assets Sale
2002-01-09 09:07 (New York)

   By Carol S. Remond and Kathy Chu
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Even before an auction of bankrupt Enron Corp. (ENE)'s
trading business later this week, creditors are lining up to oppose the sale.
  Creditors are concerned about how Enron will allocate money from that auction
to its bankrupt units, and are asking federal bankruptcy judge Arthur J.
Gonzalez to oppose, or at least delay, an approval of the sale, which was to
come as early as Friday.
  More than 15 companies have now filed motions asking the U.S. Bankruptcy
Court for the Southern District of New York to delay the approval of any offer
for Enron's power-trading business, which was by far the largest and most
profitable operation of the vast company. The companies want time to figure out
which assets are up for sale, which of the more than 3,000 Enron affiliates and
other entities will benefit from the sale and how various creditors will be
affected.
  Under a plan to bring back some value to its now moribund trading operations,
including EnronOnline - which until not so long ago accounted for 25% of all
wholesale energy trading in the U.S. - Enron is seeking a 51% joint  venture
partner to form a new company dubbed New Energy Trading Company, or NETCO.
  Enron plans to contribute its trading software and hardware, among other
things, to the joint venture in exchange for a 49% share. So far, Citigroup NA
and UBS AG have been reported to have made sealed bids. An auction is scheduled
for Thursday.
  At stake is how cash that may potentially be generated by the sale will be
used.
  In its motion opposing the sale, for instance, the Royal Bank of Scotland
Group PLC said, "Absent a disclosure of the intended uses for the proceeds of
this sale, the creditors are unable to gauge that the benefits are adequate,
appropriate and directed to the proper beneficiaries."
  Further scrutinizing the way Enron has been managing its cash, the Royal Bank
of Scotland, one of Enron's large creditors, raises the possibility that Enron
may have already consolidated cash between different of its entities before it
filed for bankruptcy on Dec.2.
  "If this anecdote were to be correct, no disclosure has been made (nor has
the time necessary to conduct a review elapsed) to the extent, if any, that any
of these businesses stand as a constructive trustee of assets or monies for the
benefit of other entities or creditors," the Royal Bank of Scotland stated in a
court filing.
  Gas and electricity trading company Aquila Inc. also expressed concerns about
the use of the proceeds of the trading assets sale, saying that proceeds  of
the sale should be put in escrow until it can be determined which units should
get the money.

Issue

  It's not the first time that questions have arisen about how Enron will
distribute money coming into the company.
  Last month, Merrill Lynch briefly withheld $371 million of the distressed
company's funds in a brokerage account until Enron and the bankruptcy court
could clarify which of the company's entities was entitled to it.
  The court's verdict: The money will be governed by a centralized
cash-management system - put in place shortly after Enron filed for bankruptcy
Dec. 2 - under which all funds collected by any Enron entity is swept up to the
parent  and later dispersed accordingly to subsidiaries.
  For now, this means that any cash generated on settlements to Enron's units
should be used to pay those units' debtors.
  But that could change, according to bankruptcy experts, if Enron decides in
the future to effect a "substantive consolidation" of its assets. This is
relatively common in Chapter 11 cases, and in essence, would put all of the
company's assets into one pot to be distributed to a larger circle of
creditors.
  A substantive consolidation, if it eventually occurs, is likely to simplify
Enron's role in dispersing funds, but may benefit some creditors and put others
at a disadvantage.
  Given that the Chapter 11 proceedings are still in the early stages, it's
difficult to gauge whether this is a viable option, said Joel Kay, an attorney
who specializes in bankruptcy cases at Hughes, Watters & Askanase LLP, Houston.
Enron attorneys didn't immediately return phone calls seeking  comment.
  There's also another concern.
  Wiser Oil, a creditor who is owed about $7 million under oil- and gas-hedging
contracts with the Enron North America unit, believes that Enron's $1.5 billion
debtor-in-possession  financing could mean bad news for the beleaguered
company's subsidiary.
  "The concern is that Enron North America's assets are being pledged as
collateral to secure repayment of the DIP facility even though it's unclear how
much, if any, of the DIP borrowing will actually go to this unit," said Deborah
A. Reperowitz, of Reed Smith LLP, which represents Wiser.
  So far, Enron hasn't drawn on its DIP facility, which is led by J.P. Morgan
and Citigroup. But if the company does, and there are insufficient funds to
repay this loan in the future, then Enron North America's assets may be on the
hook,  according to Reperowitz.
  Wiser, in a filing late Tuesday, also objected to the court's expected
approval of a portion of Enron's energy-trading unit. Energy trading accounted
for about 90% of Enron's $101 billion in revenue last year.
  The sale should not be allowed to go through because the "timing and terms"
make it impossible for creditors to determine which assets are to be sold, the
value of these assets and where proceeds will be allocated, Wiser said.
  Other entities that have expressed concern about the sale  in recent court
filings include General Electric Co.'s (GE) General Electric Capital Corp.,
Pure Resources Inc., Tenaska Marketing Ventures, Forest Oil Corp., Devon Energy
Corp., Magnum Hunter Production Inc., Petro-Hunt LLC and Spinnaker Exploration
Co (SKE), Exco Resources Inc., Eco-Tankship Inc.,  Powerex Corp, and El Paso
Corp.'s (EPG) El Paso Merchant Energy LP.

  -Carol S. Remond, Dow Jones Newswires; 201-938-2074;
carol.remond@dowjones.com
  -Kathy Chu, Dow Jones Newswires; 201-938-5392; kathy.chu@dowjones.com

  (END) DOW JONES NEWS  01-09-02

Some Enron Bidders May Be Playing Wait-And-See Game
2002-01-09 08:16 (New York)

   By Kathy Chu and Carol S. Remond
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Several financial institutions may be interested in
beleaguered Enron Corp.'s (ENE) core energy trading operations, but won't make
a move until Thursday's auction, according to people familiar with the matter.
  The strategy: Wait to see what value is assigned to parts of the struggling
business in order to cut down on due-diligence efforts and to eliminate some of
the pricing uncertainty inherent in any bidding process.
  "The advantage in doing this is that you get others to reveal their hands,
and that information gives you a stronger hand to proceed," said Margaret
Howard, a scholar-in-residence at the American Bankruptcy Institute, a
nonprofit think tank in Alexandria, Va.
  Reportedly, Citigroup Inc. (C) and UBS AG (UBS) have made undisclosed bids
for a majority of the business, while integrated oil concern BP PLC (BP) has
offered $25 million to buy part of Enron's computer support systems.
  Expect other key players to emerge at the auction, and possibly after that,
as companies still are trying to determine which part of Enron's core business
they want - and whether the reward is likely to exceed the risk, said people
familiar with the matter.
  Enron's official creditors committee will review the bids currently on the
table and make a recommendation to the company. The chosen bid will be unveiled
at the auction, after which counteroffers may be made.
  Legal experts believe that counteroffers likely will be close in value to
that of the chosen bid - at least initially - based on the presumption that
large financial institutions such as Citigroup and UBS have done their homework
and valued the operations accordingly.
  Judge Arthur J. Gonzalez of the U.S. Bankruptcy Court of the Southern
District of New York is expected to approve an offer for part of the energy
trading business Friday.
  So far, the tepid pace of the bidding process - no "stalking horse" offer,
which would have set a floor for the bidding, was received before the Jan. 7
deadline - may indicate that interested parties are having difficulty valuing a
business that collapsed amid a loss of shareholder confidence following Enron's
disclosure of massive financial woes.
  "The value is a bit of a wild card," said James Bromley, a bankruptcy lawyer
at Cleary Gottlieb Steen and Hamilton. "You have to look at what (the business)
was worth when Enron was running it, and going forward, what its limits will
be."
  It's unlikely that many bidders will come forward for the unit's trading
contracts, the value of which Enron has estimated at $5 billion to $7 billion.
In late December, Martin Bienenstock of Weil Gotshal & Manges law firm, which
represents Enron, said interested parties were focusing instead on the energy
trading operations' hardware and software - including the valuable online
trading platform.
  Financial institutions, to which Enron owes more than $15 billion, have a
large stake in seeing the energy trading operations - which generated the
lion's share of the overall company's revenue last year - restored, as this
increases the odds that their debts will be paid.
  Enron hopes that its creditworthy partner - which could take up to a 51%
stake in the operations to be renamed New Energy Trading Co. - will bring
business back for what was once the nation's largest energy trader.
  -By Kathy Chu, Dow Jones Newswires; 201-938-5392; kathy.chu@dowjones.com
  -By Carol S. Remond, Dow Jones Newswires; 201-938-2074;
carol.remond@dowjones.com

  (END) DOW JONES NEWS  01-09-02
  08:15 AM- - 08 15 AM EST 01-09-02

Several bid for Enron trading ops
Winner to be announced Thursday

By Lisa Sanders, CBS.MarketWatch.com
Last Update: 4:06 PM ET Jan. 8, 2002

NEW YORK (CBS.MW) -- Weil, Gotshal & Manges, the lead law firm for bankrupt Enron, has received several bids for its client's trading operations, according to a report Tuesday.

Platt's, an energy industry trade publication, reported that multiple bids had been filed with Weil, Gotshal, though it did not identify either the bidders or the number of offers. Citigroup, a lender to Enron, and UBS Warburg, have previously been reported to be among the bidders.

Weil plans to announce the winning bidder at its New York offices Thursday, and then present the offer to the U.S. bankruptcy court in New York for approval on Friday. The court is hearing arguments from creditors on why the case should be transferred to Texas.

Shares of Enron added 5 cents to close at 73 cents a share on volume of 23.2 million.

Weil, Gotshal and Enron were not available for comment.

Also Tuesday, the Brazilian state company Petrobras said in a press release through La Nacion/SABI that it is interested in buying Enron's natural gas assets in Bolivia, Argentina and Brazil. Enron owns 35 percent of the shares of the Argentinian gas transporter Transportadora de Gas del Sur, according to the Petrobras statement.

Lisa Sanders is a Dallas-based reporter for CBS.MarketWatch.com.

Enron in 6 energy policy meetings
Cheney's counsel: Firm's finances weren't discussed

By William L. Watts <mailto:bwatts@marketwatch.com>, CBS.MarketWatch.com
Last Update: 5:55 PM ET Jan. 8, 2002
WASHINGTON (CBS.MW) -- Enron representatives met six times last year to discuss energy policy with Vice President Dick Cheney or members of his energy task force, a White House attorney told a Democratic lawmaker.
Cheney met only once with Ken Lay, chief executive of the collapsed energy giant, on April 17 to discuss energy policy matters, David Addington, counsel to the vice president, wrote in a letter dated Jan. 4.
Cheney had revealed the meeting in a television interview last May.
Enron and task force officials discussed only policy matters and never talked about the company's financial position, according to Addington.
Rep. Henry Waxman of California, the ranking Democrat on the House Government Reform Committee, released the letter on Tuesday. According to Addington, Enron officials participated in meetings with members of the task force on five other occasions.
Enron last month filed the largest bankruptcy in U.S. history after a dramatic stock slide that erased more than $26 billion in shareholder value. Congressional Democrats and Republicans, as well as numerous regulatory agencies, have opened probes into the collapse.
Democrats also want to look at the relationship between Enron and the White House. Lay, a personal friend of President Bush, was a top GOP fund-raiser.
Waxman, in a letter to Cheney, noted that the first meeting was held Feb. 22, with the last meeting on Oct. 10, six days before Enron announced a $1.2 billion cut restatement that launched the stock slide.
The task force released its energy policy recommendations in May. The GOP-controlled House passed energy legislation based on the report last year. Similar legislation bogged down in the Democratic-led Senate, where a battle is expected over a provision to open part of Alaska's Arctic National Wildlife Refuge to oil and gas exploration.
Waxman, in a letter to Cheney, responded that the information provided by Addington shows that "access provided to Enron far exceeded the access provided by the White House to other parties interested in energy policy."
Democrats and environmental groups have charged that the energy task force may have violated federal open meeting laws by huddling behind closed doors with energy industry officials. The Addington letter marked the first detailed White House response to queries by Waxman.
Addington said the Enron meetings weren't out of the ordinary.
"The group's support staff held such meetings with a broad representation of people potentially affected by the group's work," he wrote.
Waxman said the Addington letter didn't reveal enough information, including what was discussed at the meetings, requests for policy changes, copies of documents from the meetings and names of people attending the meetings.
He also repeated his request for information regarding other contacts between Enron officials and the White House, including telephone conversations and e-mail communications.
William L. Watts is a reporter for CBS.MarketWatch.com.

USA: GAO to decide within month on suing White House.

01/09/2002
Reuters English News Service
(C) Reuters Limited 2002.

WASHINGTON, Jan 9 (Reuters) - The head of Congress' investigative arm said on Wednesday he would decide within a month whether to sue the White House over its refusal to name industry executives the administration met with last year while drafting a new energy policy.
Citing the right of Congress to oversee the executive branch, the General Accounting Office has been trying for months to get details of the workings of the administration's task force that drew up the energy program.
But the White House has largely rebuffed the GAO's efforts to get the information about the National Energy Policy Development Group (NEPDG), as the task force was called. It was headed by Vice President Dick Cheney.
"I expect to make a decision on whether to file suit regarding GAO's access to NEPDG records within a month," Comptroller General David Walker said in a brief statement.
Should Walker decide to go ahead and sue, it could add to growing Capitol Hill scrutiny of the collapsed energy giant Enron Corp. , whose executives the White House has acknowledged consulting with while writing its energy plan.
The White House said in a letter to a lawmaker released on Tuesday that Cheney or his staff met six times with Enron representatives last year.
GAO's Walker, in his statement Wednesday, said he was aware of the communication between Cheney's office and the lawmaker, Rep. Henry Waxman, a California Democrat.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Fitch: Northern Natural Gas On Rating Watch Positive

01/09/2002
Business Wire
(Copyright (c) 2002, Business Wire)

NEW YORK--(BUSINESS WIRE)--Jan. 9, 2002--The Rating Watch status for Northern Natural Gas Co.'s (NNG) `CC' rated senior unsecured debt has been changed to Positive from Negative. NNG has approximately $500 million of senior unsecured debt outstanding. The change in rating status follows the recent announcement that Dynegy Inc. (DYN) has settled its lawsuit with Enron Corp. to exercise its option to acquire NNG. The parties have agreed to close the transaction by the end of January 2002. In return, the option Enron has to repurchase the pipeline for $1.5 billion has been extended from May 9, 2002 to June 30, 2002.
As part of the now terminated merger agreement between DYN and Enron, DYN made a $1.5 billion capital contribution to Enron structured as a preferred stock investment in NNG with the option to purchase a single purpose entity that owns 100% of NNG's common stock. Following the termination of its merger agreement, DYN immediately exercised its option to purchase NNG. A payment of $23 million by DYN is required at closing to complete the sale.
NNG's current `CC' rating reflects its position as a wholly owned subsidiary of Enron. Enron's ratings were lowered to `D' on Dec. 3, 2001, following its filing for Chapter 11 bankruptcy protection. An additional negative rating consideration is the structural subordination unsecured lenders have to a fully-drawn $450 million secured bank facility. In order to provide additional liquidity for Enron in the weeks prior to its bankruptcy filing, NNG negotiated a $450 million 364-day credit facility secured by NNG's capital stock, a subordinated note from Enron to NNG, and substantially all the other assets of NNG.
It is expected that NNG will be operated as a subsidiary of Dynegy Holdings Inc., which is rated `BBB+', Rating Watch Negative. Following the purchase by DYN, Fitch anticipates rating NNG in the high `BBB' range. NNG's prospective rating will be affected by whether DYN fully pays off NNG's secured loan, elevating unsecured debt to its prior senior status. However, Fitch will likely put NNG on Rating Watch Negative in consideration of Enron's repurchase option through June 30, 2002.
On a standalone basis NNG historically has demonstrated a strong financial profile and solid market position. Through mid-2001, EBITDA-to-interest coverage was nearly 7.0 times (x) and debt-to-capital at June 30, 2001, was 32%. At that time NNG was rated `A-`. Including the secured loan, total debt-to-capital remains slightly below 50%. The pipeline continues to benefit from strong and consistent cash flow derived from long-term contracts with creditworthy counterparties and favorable FERC regulation.

CONTACT: Fitch, New York Ralph Pellecchia, 212/908-0586 Hugh Welton, 212/908-0746
14:28 EST JANUARY 9, 2002
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Two Civil Lawsuits Filed Against Enron In Texas Court
By Erwin Seba

01/09/2002
Dow Jones Energy Service
(Copyright (c) 2002, Dow Jones & Company, Inc.)

Of DOW JONES NEWSWIRES

HOUSTON -(Dow Jones)- Two civil lawsuits alleging Enron Corp. executives and directors (ENE) misrepresented the company's financial condition to shareholders have been filed in Harris County District Court in Houston.
The suits also allege Arthur Andersen L.L.P. and two of its partners in Houston didn't correctly audit Enron's financial reports.
"Had plaintiffs and the marketplace known of the true operating and financial results of Enron, which, due to the actions or inactions of defendants were not disclosed, plaintiffs would not have purchased or otherwise acquired their Enron common stock or, if they had acquired Enron common stock in the past, they would have divested their holdings of Enron stock," according to the filings in both cases.
One suit, brought by Irene and Ruben Delgado, was filed on Friday. The other suit, brought by Mary Bain Pearson and John Mason, was filed on Monday.
The Delgados, Pearson and Mason are described in the filings as "citizens of the state of Texas who own Enron common stock."
They are all represented by G. Sean Jez, of the Houston law firm of Fleming & Associates L.L.P.
A representative for Arthur Andersen declined to comment on the cases. Enron representatives didn't reply to phone messages.
-By Erwin Seba, Dow Jones Newswires; 713-547-9214; erwin.seba@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Top Of  The News
Enron's Creditors: Y'all Come Back To Texas
01.08.02, 9:13 AM ET
Forbes.com

NEW YORK - Enron has already made a mockery of the nation's financial reporting system and has started to make an equal farce of its bankruptcy system. This was the argument made yesterday by lawyers for Enron's creditors who are seeking to transfer the bankruptcy case from New York to Houston.

Enron's headquarters is in Houston, its top executives are all there, as are the vast majority of its assets--and its name is even on the ballpark. But it filed its Chapter 11 bankruptcy petition not in Houston, but New York. The reason, according to a lawyer for Enron, is that it would be easier for bankers and potential business partners to participate in the case in New York.
Creditors' lawyers argued yesterday that it would be more convenient for everyone else, including Enron's present and former employees and retirement-plan participants, to place the case in Houston

Arthur Gonzalez, the federal bankruptcy judge in New York, said he will rule on whether he will keep the case or kick it to the Southern District of Texas by the end of the week.

Separately, Enron received bids for control of its energy-trading arm from Citigroup, BP Plc and UBS AG, according to a report in The Wall Street Journal.

Rhett Campbell, a Houston lawyer representing some of Enron's creditors, conceded at a standing-room-only, five-hour hearing yesterday that Enron had a narrow technical right to file its bankruptcy petition in New York. The reason, apparently, is that Enron Metals and Commodity, one of the dozens of Enron affiliates to participate in the filing, is based in Manhattan.

But Enron Metals reports just $265 million in assets, which represents less that one-half of 1% of the $51.4 billion in total assets of the Enron companies participating in the filing. Even Enron Metals, Campbell said, is actually run by executives in Houston or London. To allow the location of the tiny subsidiary to fix the venue of the case would be "totally the tail wagging the dog," Campbell said.

Of Enron's 345 top executives and officers, 209 work in Houston, according to both Enron and its creditors. Enron says it does not know the location of 79 of the remaining 136--or whether they still work for the company. They are lost, it seems. More than 99% of Enron's assets and office space are in Houston, too.

Thousands of Enron employees, mostly in Houston, have been tossed out of work and have seen their retirement savings decimated. "The brunt of the pain will be felt in Houston," said David Burns, a lawyer representing creditors including Reliant Energy and Dynegy.  The bankruptcy court in Houston is four blocks from Enron's headquarters.

While it's understandable that Enron might fear the wrath of a judge in Texas, the company claims it had the convenience of its bankers in mind in selecting the Southern District of New York. Martin Bienenstock, Enron's chief lawyer in New York, said it would be easier for business partners and potential witnesses involved in Enron's worldwide operations to participate if the proceedings took place in New York. "The banks are working [Enron's reorganization] out in New York,'' he said. The bankers' lawyers agree the case should stay in front of Judge Gonzalez.

But lawyers for creditors argued that many more creditors in terms of numbers were in Texas rather than New York. Most of the big banks and bondholders are based in New York, but the creditors argued that it would be easier for a few bankers to jet to Houston than it would be for thousands of Enron vendors and its 12,000 401(k) plan participants to visit New York for hearings in the case.

Enron argued that the debtor's choice of venue should be afforded "deference" by the court. But the creditors argued that the company was not exercising a valid business judgement, but was participating in legal gamesmanship. Enron wanted the case to be far from its Houston home, because it chafes under supervision, whether from regulators or its own accountant, Arthur Andersen, which claims to have been misled by Enron executives. If the case were allowed to stay in New York, the entire bankruptcy system would fall into disrepute, Campbell argued.

Enron collapsed late last year when questionable accounting practices and mounting off-balance sheet debt caused investors and traders to lose confidence in the company. Its stock price, trading above $85 one year ago, is now firmly below $1 per share.

Successful transfer motions are relatively rare, but Enron creditors argued this case should be the exception because there are thousands of small creditors based in Houston. Creditors' lawyers called the Enron case a "poster child" for transfer.

NEWS
Editorials
SMALL FAVOR / After so much woe, Enron backdown a tiny bright spot
Staff

01/08/2002
Houston Chronicle
3 STAR
16
(Copyright 2002 Houston Chronicle)

Houston-based energy companies Enron Corp. and Dynegy have settled one of their legal disputes, allowing Dynegy to take control of Enron's Northern Natural Gas pipeline. It was easy to be sympathetic to Dynegy's position, which was that it was entitled to the pipeline as part of its aborted deal to buy troubled Enron.
Who can blame Dynegy for claiming the rights to the pipeline? With the pipeline as collateral, Dynegy forked over $1.5 billion to Enron only to discover that the pipeline was just about the only valuable asset Enron owned and, furthermore, that the company had horribly misrepresented its financial position.
Under the settlement, Dynegy will take control of the pipeline at the end of the month. Enron gets an extension on its option to buy back the pipeline, for $1.5 billion. Where Enron would come up with that kind of capital, considering how much it owes its creditors, is anyone's guess.
Dynegy's takeover would give a measure of job security to the 200 or so Houston employees of the pipeline system, which runs from Texas' Permian Basin to the upper Midwest. As Enron is working through history's largest Chapter 11 bankruptcy proceeding and has laid off most of the rest of its Houston work force, the fate of the employees still on Enron's payroll is in serious doubt.
Also in doubt is Enron's hope of pinning a comeback on its pipelines, including the disputed Northern Natural Gas line. That and the $10 billion lawsuit the fading giant filed against Dynegy for declining to consummate the merger deal appear to many disappointed Houstonians, dumbfounded employees and ruined stockholders to be moves of desperation rather than legitimate and realistic pursuits.
Once a Houston darling, Enron has perpetrated a great deal of misery here of late. Its agreement to settle this narrow pipeline issue in a sea of ongoing litigation, likely saving a couple of hundred local jobs, is one small bit of decent news in an overwhelmingly sad story.

BUSINESS
Creditors try to relocate Enron case / Bankruptcy judge to decide by weekend: Houston or New York
DAVID IVANOVICH, LAURA GOLDBERG
Staff

01/08/2002
Houston Chronicle
3 STAR
3
(Copyright 2002 Houston Chronicle)

NEW YORK - A group of Enron Corp. creditors Monday assailed the company's decision to file the largest bankruptcy case in history in New York and urged a judge to transfer the case to Houston.
Creditors ranging from Reliant Energy to the Southern Ute Indian tribe, employees who lost money in the company's 401(k) plan and the Texas Attorney General's office tried to persuade U.S. Bankruptcy Court Judge Arthur Gonzalez that the case belongs in Enron's hometown.
"We find it galling once the stock collapses that Enron runs out of the district," argued Ron Kilgard, a Phoenix attorney representing employees and retirees who participated in the company's retirement plan.
The judge promised to rule on the location by week's end.
And while the parties were arguing, an unspecified number of firms were submitting sealed bids for control of Enron's trading business, the crown jewel of the once-mighty energy firm.
A coalition of smaller creditors pointed out that while New York may be a convenient locale for Enron's largest creditors, the distance represents a real burden for the many individuals and smaller investors injured by the company's meltdown.
Rhett Campbell, representing Petro-Hunt and other creditors, argued that $50 billion worth of Enron's assets are in Texas, compared with $285 million in New York. When Enron officials were divvying up $55 million to 587 key employees to keep them from jumping ship, 516 of those critical managers lived in Houston.
"It's easier for the big banks to go to Houston than for the thousands of small creditors to come to New York," Campbell argued.
But this group of creditors faces a tough legal hurdle. Both Enron's management and the company's official creditors' committee want the case to stay here in New York.
And the law gives debtors like Enron fairly wide latitude in choosing a bankruptcy court.
Martin Bienenstock, an attorney representing Enron in the bankruptcy case, argued that Enron is a global concern spanning 46 states and 20 other countries.
The company was able to choose New York because of its metals- trading business' presence in the state.
Of the company's 20 largest unsecured creditors, 11 are located in New York, and six of the 15 members of the creditors' committee live here, he said.
While Houston is an important Enron center, only about one-third of Enron's employees now live there, Bienenstock said.
Moving the case there would be "a convenient panacea for a small minority" of creditors.
Enron and its creditors' committee took pains not to insult the judges on the bench in Houston. "I'm not saying New York is better than anywhere else," Bienenstock said.
But Marshall Scott Huebner, an attorney representing J.P. Morgan Chase, noted that "with all due respect to Houston," no other bankruptcy court has had as much experience dealing with complex cases as the Enron matter is sure to be than the Southern District of New York.
Gonzalez himself raised the issue of whether turning the case now to another court might disrupt the reorganization effort, since he has been handling the case for more than a month.
Also Monday, Enron spokeswoman Karen Denne confirmed the company received "multiple" bids for its trading business.
Prior to Monday's deadline, 14 firms, including Citigroup, UBS Warburg and J.P. Morgan Chase, were known to have expressed interest in bidding for the trading operation.
How many ultimately submitted firm proposals remained unclear late Monday.
Enron and its creditors plan to conduct an auction Thursday to determine the winning bidder and present that offer to Gonzalez on Friday.
Industry analysts say Enron's trading business could fetch bids of $1 billion or so.
With 800 trading desks around the world, Enron's traders once dominated the oil, natural gas and electric power markets, while also swapping a host of other commodities.
Enron's trading business was the company's largest revenue generator, accounting for about 80 percent of the firm's profits.
But Enron's stupefying collapse and resulting bankruptcy filing scared off many of the companies that traded with Enron.
Managers and the company's creditors believe bringing in a joint venture partner provides the best hope for salvaging that operation.
The idea is that an infusion of working capital and the strong balance sheet of a joint venture partner would give other trading firms the confidence they need to do business with Enron again.
For its part, Enron offers trading expertise to once again create a competitive trading operation.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

CEOs of Leading Energy and Technology Companies to Forge Consensus on Restructuring Priorities for 2002

01/09/2002
Business Wire
(Copyright (c) 2002, Business Wire)

WASHINGTON--(BUSINESS WIRE)--Jan. 9, 2002--

Executive Committee of National Energy Marketers Association
Prioritizes Wholesale, Retail and Technology Issues for 2002

The Executive Committee of the National Energy Marketers Association (NEM) will meet in Houston on January 17 to forge a consensus on federal legislation, wholesale, retail and technology issues and will be addressed by Texas PUC Commissioner Brett Perlman.
"Given the recent developments in both the wholesale and retail markets as well as the events surrounding Enron, 2002 will be a crucial year for the restructuring of U.S. energy markets. Commissions in New York, Illinois, and Michigan are implementing important new rules this year, and both Texas and Virginia have just opened widely to competition," said Craig Goodman, president of NEM.
"The first half of 2002 will focus heavily on restructuring wholesale energy markets to be more liquid, transparent and competitively neutral," said Clem Palevich, chairman of the NEM Executive Committee and president of AES New Energy. Major issues affecting the wholesale energy market on the agenda will include recommendations for competitive standardized market designs, and support for a wholesale electric standards board proposal.
Additionally, NEM leaders will develop workable definitions of market power, economic withholding, energy affiliates, and rules for generation interconnection. "Importantly, there will be major changes in credit and risk management. Given all of the recent attention generated by Enron, risk identification and valuation will be a major issue to be resolved this year," said Palevich.
"2002 will also be pivotal in the development of competitive retail energy markets," said Goodman. "A number of important states will be unbundling utility rates using embedded costs to offer consumers credits on utility bills to shop for competitive services. I am confident that competitive suppliers can beat the utility's embedded costs and provide consumers with meaningful price competition and better services and technologies. If commissions stay the course on embedded cost unbundling, this year will also be a major step forward for competitive billing, metering and related information services," said Goodman.
NEM represents both wholesale and retail energy marketers as well as suppliers of energy-related products, services, information and technologies throughout the United States.
For a copy of NEM's 2002 Issue List call 202/333-3288 or visit www.energymarketers.com

CONTACT: National Energy Marketers Association Craig Goodman, 202/333-3288
10:21 EST JANUARY 9, 2002
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Sarah Palmer
Internal Communications Manager
Enron Public Relations
(713) 853-9843


Have a safe trip back!

Love,

Kay

Bill and Rita McCall <bmccall@wcnet.net> on 11/28/2000 09:46:12 AM
To: Kay.Mann@enron.com
cc:

Subject: Palacios

Hi Sweetheart. We are leaving in just a few minutes. Left everything for
you in the closet in the bedroom. Tell Neil not to be suprise but there is
no light in the pier light. It went out again . Dad took it out. We love
you,Mother


Please plan to attend also.  It involves transactional reporting.

 -----Original Message-----
From: 	Lee, Dennis
Sent:	Tuesday, March 12, 2002 10:48 AM
To:	Rapp, Bill; Lokey, Teb; Brown, Elizabeth; Watson, Kimberly; Donoho, Lindy; Lee, Dennis
Subject:	Please plan to attend
Importance:	High

Please plan to attend a short meeting Wednesday, March 13 at 10:30 in ECN 3907 to discuss TW Firm shippers' amendments, transactional reporting, and "Holding Capacity".

The session should not last more than 1 hour.

Thank you.

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com


I give through paycheck withdrawal every month.

Fletch Sturm

 -----Original Message-----
From: 	Thode, Eric
Sent:	Friday, August 10, 2001 2:24 PM
To:	Sturm, Fletcher J.
Subject:	Need Your Help

As the "head of whipping employees into submission" on the United Way for EWS...just kidding.

Honestly, in the process of scanning the EWS employee list, I noticed that you hadn't had an opportunity to go online and make a pledge, yet.  So  thought I would pass the access information on to you again and encourage you to take a few minutes to go online and pledge.

To access the United Way system....

Please click on https://hrglobal.enron.com/ and complete your online pledge.  You will need your GIS ID, which is your "9" number not your "P" number and your password.  If you have never accessed global apps, then your password is your Date of Birth (Format is YYYYMMDD - i.e., June 9, 1962 is 19620609).

If you are still having difficulty, please go to https://ehronline.enron.com, click the "Accept" button, and then click on "Forgot your User ID or Password?"

Or, you can also call the HRGIM Help Desk at ext. 3-5666 for assistance.

If you don't have time to do it, send me an e-mail with your pledge amount and I will do it for you.  Then the system will send you a confirmation for your records.

EWS is way behind on participation and dollars contributed.  We need your help!

Thanks.

Eric


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Subject: FW: MSCF Advisory Board Meeting
Date: Fri, 2 Nov 2001 13:02:19 -0600
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>  -----Original Message-----
> From:     Susan Connelly <sc7k@andrew.cmu.edu>@ENRON
> Sent: Thursday, November 01, 2001 3:57 PM
> To:   Andrew Morton; David Heath; Dr. Ashvin B. Chhabra; Dr. Vincent
> J. Kaminski; Evan Picoult; James Vinci; John Lehoczky; Joseph Langsam;
> Norene Mears; Ramayya Krishnan; Rick Bryant; Robert Litterman; Sanjay
> Srivastava; Steven Shreve; Walter Muller, III
> Subject:  MSCF Advisory Board Meeting
>
> All,
>
> You are invited to attend the next Advisory Group meeting for Carnegie
> Mellon's Computational Finance Program.  It will be held on December
> 12,
> 2001, at the Club Quarters-Midtown, located at 40, West 45th Street.
> The
> schedule is as follows:
>
> Cocktails: 5:30pm
> Dinner: 6:00pm
>
> If you need a room reserved, please let us know and arrangements will
> be
> made.  If you have any questions, please feel free to contact me or
> Norene
> Mears at
> (nm10@andrew.cmu.edu/412-268-7358).
>
> Sincerely,
>
> Sue Connelly
> Administrative Coordinator
> MS in Computational Finance Program
> Graduate School of Industrial Administration
> Carnegie Mellon University

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


Start Date: 1/2/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010208.txt


BUSINESS HIGHLIGHTS

Oil Products
The Oil Products Group executed a 1 year physical transaction, whereby Enron
supplies Delta Airlines 100,000 barrels/month for one year beginning in
November of 2000, for a total of 1.2 million barrels.

Weather
On December 6 at 7pm, the Weather Channel will run a 15 minute special
interest story on Weather Derivative trading.  Approximately 8 minutes of
this telecast will focus on the Enron Weather Risk Management group, led by
Mark Tawney, director. In September, a film crew spent two days recording the
group's activities and interviewing Mark Tawney; Steven Vu, head of trading;
Gary Taylor, head of marketing; and Brando Hayden, trader.  Efforts to
publicize Enron's leading position in the Weather Risk marketplace have
included this television show, the Enron Corp commercial focused on weather
risk management, and several articles written by members of the Enron Weather
Trading group.  What's next?  Enron Weather: the Movie - coming soon to
theatres near you!

Principal Investments
Tridium Inc., the leading provider of Internet-based automation
infrastructure solutions, announced the closing of a $20 million round of
capital funding. The funds will be used to increase Tridium,s sales and
technical support offices in North America, expand its operations into Europe
and Asia, and enhance its technology and products. kRoad Ventures, L.P. and
Enron North America each contributed $10 million in venture capital.

Energy Capital Resources
Westwin Energy, LLC, a privately held oil and gas exploration and production
company based in Midland, has been formed by the former management team of
ARCO Permian.  Along with the company,s formation, Westwin announced its
financial partner, which is Enron North America.  Westwin Energy will focus
on drilling opportunities and select acquisitions in the Permian Basin of
West Texas and Southeast New Mexico.

Enron Industrial Markets Fundamentals Analysis
Following the example of other Enron entities, Enron Industrial Markets has
established a Fundamentals Analysis Group.  Under the direction of Andrea
Reed, the group is similar to the others, with the objective of providing
market, industry, and regulatory information and identifying potential
commercial opportunities for originators and traders.  Doug Moreno and Carol
Marshall are the information experts.   They are presently working to
aggregate all of Enron,s various resources into a library and a website
(coming soon at http://eimfundy.dev.corp.enron.com/).  Jennifer Riley is the
quantitative analyst, and has already analyzed a number of statistical
relationships for the business entities to identify possible hedging
strategies.  Peggy Determeyer (steel) and Karen Carter (paper/pulp and
lumber) will be providing analytical services to the two primary product
lines. Tammy Davis keeps them all organized with terrific administrative
support.  Doug, Jennifer, Tammy, and Carol have followed Andrea from her
previous Merchant Asset Portfolio Management assignment, while Peggy and
Karen have joined from Enron South America and Enron North America,
respectively.  If you have any ideas for critical analyses or information
needs, contact one of them for help.

Foreign Exchange (FX) and Sovereign Risk (ENA Research Group)
In last week,s Ameriflash newsletter, we introduced you to the Country Risk
and Foreign Exchange (FX) Department within the ENA Research Group, which
included our responsibilities and some of the products we have developed for
Enron various business units. This week we would like to introduce you to the
members of our group, Maureen Raymond-Castaeda, Gwyn Koepke, Yana Kristal,
and Leann Walton.

Maureen Raymond-Castaeda heads the Country Risk and Foreign Exchange team,
reporting to Vince Kaminski.  Maureen is Enron,s Chief Economist and is
responsible for corporate sovereign risk and economic analysis, briefing the
FX trading desk on major central bank policies, forecasting all FX and
revenue escalators corporate-wide for 60 countries, and advising Enron,s
underwriters and the Chief Credit Officer.  As Enron changes its business
objectives, our group serves these objectives through our analysis. For
example, we provide research and analysis services to the steel fundamental
analysis group as well as to the non-ferrous metals group in London.  Gwyn
Koepke is an Associate and is responsible for conducting economic analysis
for all FX and inflation curves produced by the group as well as writing
country briefs for the various Enron business units.  Yana Kristal is an
analyst who gathers country research and prepares Excel charts.  Leann Walton
is the team,s newest member and provides all administrative and research
support.

As a reminder, the Country Risk and FX team launched a new product in October
called the Enron &Global Markets Monitor,8 which informs traders and
management about important international economic events and their impact on
currency and financial markets. If you would like to receive the Monitor on a
weekly basis via email, please send a note to Leann Walton.  Or, you can
obtain the Global Markets Monitor from our web site at:
http://ecthouwebcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm
(look for the spinning New sign) ) Please add this to your bookmarks or
favorites.

FINAL RESULTS FOR THE PULSE

Thanks to all who participated in Enron's annual employee survey.  The total
participation rate for ENA/EGM/EIM was 68.90%, which was an increase of
almost 20% from last year.  Additionally, we beat the Enron Corp. average
68.90% to 68.87%.  Some might say that this is statistically insignificant,
but we prefer to point out that a win is a win!

WELCOME

New Hires
ENA- Doglas Allen, Brooks Barnes, Angela Cadena, Reno Casimir, Amelia
Cavazos, Jane Coleman, Andrea Dahlke, Susan Entman, Kulvinder Fowler, Kristi
Fredericks, Tammy Gilmore, Lori Haney, Brandee Jackson, Janine Kattner,
Brenna Neves, Vivian Nguyen, Dexter Peoples, Erica Rodriguez, Patricia Roome,
Dayna Smith, Stephanie Wainwright, Ellen Wallumrod, Deanna Washington,
Gregory Whitman

EGM- Mario De la Ossa, Stephanie Harris

IN THE NEWS

FORTUNE, November 13, 2000, Page 80
Beware: You Could Soon Be Selling Soybeans Make your products stand out )
fast ) before someone turns it into a commodity.
"(What,s next? Fortune says you can run a reverse auction anytime you can do
two things: specify exactly what you want and identify several bidders you
deem qualified to fight for the business. Let your imagination roam. At Enron
they never stop thinking about new products and services for which they can
make markets. First gas and electricity, now bandwidth, ocean shipping,
paper, and much else."

Internet Week, October 30, 2000
"Enron doesn't just make markets; it assaults them."

NUGGETS & NOTES

&Results not reasons8 ) Craig Breslau, VP/Industrial Middle Markets-ENA

"Okay, here's the deal..."  - Jean Mrha Beach, VP/Upstream Origination-ENA

LAST WEEK'S TEASER

Question
In your cellar there are three light switches in the OFF position. Each
switch controls 1 of 3 light bulbs on the floor above.  You may move any of
the switches but you may only go upstairs to inspect the bulbs one time.  How
can you determine the switch for each bulb with one inspection?

Answer
Turn switch one on for a while(then turn it off.  Turn switch two on, go
upstairs to inspect.  The hot bulb is controlled by switch one, the lit bulb
is controlled by switch two. The unlit bulb is controlled by switch three.

CONGRATULATIONS to our winners: Richard McKeel, Jim Sugrue, Ed Hearn, Rhonda
Denton, Mark Breese, Benjamin Thomason, Gil Muhl, Corey Hollander, James
Haden, Stinson Gibner, Richard Zamora, Robert Stalford, John Gordon, Dan
Darland, Andre Templeman, Hector McLoughlin, Shelly Stubbs, Kelly Ellis,
Valter Stoiani, Dennis Lee, Paul Gregory, Rainer Cockrell, Regan Rorschach,
Bill Rust, Gerald Gilbert.

LEGAL STUFF

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


I believe ENA is still agent for Columbia Energy Services and Columbia Energy
Marketing on several pipelines.  Rich Contos's (the only CES person I know)
last day is this Friday.  I left Rich a voicemail asking him if CES/CEM
should continue to exist as a legal entity on the pipelines.

As ENA, I believe I sould at least begin terminating the agency (and
liability) relationships.

Comments/questions??


Got anything that looks like a confidentiality agreement with a company
called ONSI?  Should have been signed this spring.

Thanks.

Kay


I guess we will just go without a contract.


Honey, would you post this in the chatrooms?

 -----Original Message-----
From: 	Meyer, Vance
Sent:	Friday, August 24, 2001 1:52 PM
To:	Kean, Steven J.
Cc:	Palmer, Mark A. (PR); Denne, Karen
Subject:	Red Herring e-mail

Steve -- As requested, here's e-mail text your wife can copy and post to Yahoo.  Note the language and facts are intended to sound chat-roomish and not Enronish. I hope your e-mail address isn't KeanoWLC!

Vance

Somebody PLEASE help me.  How can Red Herring POSSIBLY give advice to Enron?!!!!

Red Herring's advertisement revenues in July were down 70% from 2K.  The pages that it runs ads on are down 77%. The circulation of 316,000 is lower than National Parks magazine, Muscle and Fitness, and 4-Wheel and Off-Road.

Enron lived up to its financial promises for almost 6 years straight -- EVERY QUARTER. Their revenues DOUBLED in 2K. They are # 7 on the Fortune 500.  They are moving 58% more product than 2K.  Their new weather, metals, lumber and steel divisions DOUBLED volumes in the second quarter from 2K.  Net income in the second quarter was up 40% from 2K.

Who's the "BURNOUT" here?


Article as per my voice mail.
Thanks
Elizabeth
36349
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 11/29/99 09:47
AM ---------------------------
From: Christi L Nicolay on 11/24/99 04:50 PM
To: "Betsy Carr" <bcarr@bracepatt.com> @ ENRON
cc: Elizabeth Sager/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT
Subject: Re: Christi, this is generating a lot of interest!

Elizabeth Sager has been working on the EEI contract for Enron.

"Betsy Carr" <bcarr@bracepatt.com> on 11/24/99 03:48:07 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: Christi, this is generating a lot of interest!

Christi, this is generating a lot of interest!

>  By Mark Golden
>
>  A Dow Jones Newswires Column
>
>  NEW YORK (Dow Jones)--"Et tu, Sonnet?"
>
>  The Edison Electric Institute unveiled Wednesday a standardized master
> agreement for trading power, but there's already a standard contract
>  - the one written by the Western Systems Power Pool.
>
>  There are several ways to characterize this battle: East versus West;
> power
> marketers versus utilities; and, even, Southern Co. versus
>  Southern Co. A power struggle has begun, despite the fact that most
> traders, preschedulers and trading managers aren't even aware of the
>  new contract.
>
>  Southern Co. (SO) Vice President Bobby Campo has been a leader in WSPP
> since the organization's inception and has been chairman of its
>  contract committee for four years. Yet Southern Co. Energy Marketing's
> chief counsel, Sonnet Edmonds, is a leader in the rival-contract
>  faction.
>
>  Will EEI, along with its comrade, the National Energy Marketers
> Association, manage to dethrone the WSPP contract or crash? WSPP's
>  raison d'etre is to manage and promote use of its contract, which is
> traded
> extensively in the West and has gained proponents in the East.
>
>  "I'm not real excited about it right now," Campo said of the new
> contract.
> "The EEI contract is being done by contract people and lawyers.
>  We - operators and power marketers - worked on our contract for years
> before we brought in the lawyers. It (the new contract) may die from a
>  lack of interest from participants, but EEI has the ability to keep it
> alive."
>
>  It isn't clear if the big power marketing companies will get the ball
> rolling by asking counterparties to switch to the EEI contract. Edmonds
>  hopes that Southern Co. will do so.
>
>  "Management hasn't given the official word yet, but we participated in
> its
> development, so I imagine we'll use it at some point," she said.
>
>  Enron Corp.'s (ENE) general counsel also worked on the EEI contract, but
> the company hasn't made a decision to actually use it.
>
>  Entergy Corp.'s (ETR) general counsel, Christopher Bernard, led the
> effort
> to develop the new contract as head of NEM's standardized
>  contract committee. But Entergy's Jim Kenney is chairman of WSPP's
> executive committee. Entergy's power trading managers, meanwhile,
>  haven't even read the new contract yet.
>
>  Duke Power Co. (DUK), an NEM member, is looking at it, a spokesman said.
> Enron and Southern Co. aren't NEM members, though they
>  serve on its contract committee.
>
>  Several sources said American Electric Power (AEP) has agreed to be the
> guinea pig, and plans to switch to the EEI contract with
>  counterparties on eastern U.S. trades. A spokesman for the utility
> couldn't
> confirm or deny that rumor because Paul Addis, president of AEP
>  Energy Services, has imposed a vow of silence on AEP's traders.
>
>  There are elements of the EEI contract that power marketers may like. One
> innovation is a new product called "Firm (No Force Majeure),"
>  which requires the payment of liquidated damages for failure to deliver -
> no excuses, no force majeure, just send a check.
>
>  The new contract also has two other firm products. "Firm (Liquidated
> Damages)" is closest to the WSPP firm product, but it defines force
>  majeure more strictly than WSPP. "Firm (LD-System Reliability)"
> explicitly
> allows a selling utility to curtail deliveries without paying liquidated
>  damages if necessary to maintain native load. Of particular interest to
> traders of eastern U.S. electricity is the fact that the EEI contract
>  defines what an "into" product is.
>
>  WSPP has debated the introduction of such products, but in the end has
> tried to come up with a single, agreed-upon product for trading.
>
>  "EEI has created a lot of different types of firm products, but that can
> create problems. Many people have said 'no, we want one firm
>  product'," said WSPP's counsel, Michael Small, of Washington, D.C., law
> firm Wright and Talisman.
>
>  So why didn't the EEI group just work with WSPP to get changes made to
> the
> existing standard? Too much bureaucracy, according to
>  Southern's Edmonds.
>
>  "Changes to the WSPP contract require approval from 90% of the members,
> after working through the operations committee and the
>  executive committee. Then the changes have to be filed at Federal Energy
> Regulatory Commission," Edmonds said.
>
>  Coincidentally, WSPP's executive committee is meeting Friday in San Diego
> to discuss what changes are needed in the definition of its firm
>  product. Western utilities are pushing hard for "firm" to mean backed up
> by
> reserves of generating assets or previously purchased power. In
>  other words, some utilities want to eliminate short positions from power
> markets.
>
>  At least one power marketing company, which didn't want to be named, will
> switch to the EEI contract if that change gets made to WSPP.
>
>  For the EEI contract to fly, not only will the lawyers at the big trading
> companies need to make it their companies' standard, but traders will
>  have to convince utilities to abandon most, if not all, force majeure
> claims. Many municipal utilities and rural electric cooperatives are
>  forbidden to do so by state regulations.
>
>  For traders, though, the biggest adjustment to make if the EEI contract
> does take off will be more social than professional. The semi-annual
>  meeting of the WSPP's operations committee is as much fun as any blatant
> boondoggle should be. The serious work of a handful of
>  committee members is a small hook on which hangs the revelry of hundreds
> of
> power marketers, brokers and utility staffers. As it stands,
>  non-committee members must have a hard time convincing bosses that their
> presence is necessary at the meeting.
>
>  How on earth will traders justify going if the WSPP contract is no longer
> used? Can EEI throw a good party? And how will the Gucci-loafered
>  EEI executives from Washington handle $1,000 dares to go naked in a bar?
>
>  Such are the questions now vexing America's electric utilities.
>
>  -By Mark Golden; Dow Jones Newswires; 201-938-4604;
> mark.golden@dowjones.com
>
>  Copyright (c) 1999, Dow Jones & Company Inc


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed051701.pdf
 - ed051701.xls


per attached pls fwd cc of docs moving the Note from Enron Corp to ENA  and to the LLC to k. bristor.  morris was arranging for  them.
Date: Wed, 07 Nov 2001 18:04:32 -0500
From: "WALLY SHAW" <wally.shaw@blakes.com>
To: "Katherine Bristor" <KBRISTOR@skadden.com>
Subject: Re: Acknowledgments and Resolutions
Mime-Version: 1.0
Content-Type: multipart/alternative; boundary="=_BFE560BB.9CFDBB4F"

that is all you have so far.  the ECPC to ERMT document is on its  way.  the documents dropping  the Note from Enron Corp to ENA and then  to the LLC are coming from Morris Clark.  i will get him to forward them to  you.
>>> "Katherine Bristor" <KBRISTOR@skadden.com>  11/07/01 04:00PM >>>
Wally's drafts of these documents seem fine to  me from a United States perspective.  As we discussed, I believe that a  transaction where, in effect, a shareholder's right to redemption/liquidation  proceeds and dividends is reduced would be analyzed as a redemption for United  States federal income tax purposes.
Just want to make sure that I'm not  missing anything--I have documents relating to the transaction between Enron and  Enron Canada, and Enron Canada and Enron Canada Power, but nothing relating to  the transfer between Enron Canada Power and ERMT Canada Corp. and nothing  relating to the "drop down" of the note.  Is that correct?
Steve, as I mentioned, I will not be in the office tomorrow or  Friday.  However, I will take my "picture" with me from our conversations  today and if you need me, please let Lorna, my secretary know; she will put you  in touch with me.
Best regards,
Kathy
Katherine M.  Bristor
Skadden Arps Slate Meagher & Flom LLP
4 Times Square
New  York NY 10036
p: (212) 735-2338
f:  (917)  777-2338
kbristor@skadden.com
>>> "WALLY SHAW"  <wally.shaw@blakes.com> 11/07/01 05:30PM >>>
As  discussed.
Wallace Y.  Shaw
Barrister and Solicitor
Blake, Cassels & Graydon LLP
Calgary,  AB T2P 4J8
Tel:  403.260.9766
Fax: 403.260.9700
E-Mail:  betty.fleming@blakes.com
This e-mail communication is confidential and  legally privileged.  If you are not the intended recipient, please notify  me at the telephone number shown above or by return e-mail and delete this  communication and any copy immediately.  Thank  you.
****************************************************
This  e-mail and any attachments thereto, is intended only for use by the addressee(s)  named herein and may contain legally privileged and/or confidential information.  If you are not the intended recipient of this e-mail, you are hereby notified  any dissemination, distribution or copying of this email, and any attachments  thereto, is strictly prohibited. If you receive this email in error please  immediately notify me at (212) 735-3000 and permanently delete the original copy  and any copy of any e-mail, and any printout thereof.
Further information  about the firm, a list of the Partners and their professional qualifications  will be provided upon  request.
****************************************************


Approved.  Please process.

Thanks,
Sally Beck


Start Date: 12/13/01; HourAhead hour: 22;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121322.txt


Attached please find a sheet of pro and con statements.

 <<Statements.doc>>

 - Statements.doc


Do you have any idea how many meetings are being set up for Stan's world?   I would imagine there will be one for ETS and a second one for EGAS (Jim Hughes).     I would like to be involved in both discussions if possible.

 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, October 05, 2001 3:03 PM
To:	Bowen Jr., Raymond; Brown, Michael - COO London; Buy, Rick; Causey, Richard; Delainey, David; Derrick Jr., James; Dietrich, Janet; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Glisan, Ben; Haedicke, Mark E.; Horton, Stanley; Hughes, James A.; Kean, Steven J.; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Mcconnell, Mike; McMahon, Jeffrey; Shankman, Jeffrey A.; Sherriff, John; Whalley, Greg
Cc:	Colwell, Wes; Roper, Kerry; Price, Brent A.; Castleman, Kent; Dyson, Fernley; Hayslett, Rod; Piper, Greg; Pickering, Mark
Subject:	Enron Net Works 2002 Budget Process

The 2002 Enron Net Works budget will for the first time combine allocations to business units for four key services:  Enron Online, IT Infrastructure, Risk Management Operations and IT Maintenance and Development.  We are providing a level of detail for expense and capital spend that is greater than that provided in past years, and that will allow business units to make informed choices regarding the services that they receive.

We are meeting with individual business unit Offices of the Chair to review in detail the four service areas delivered through Enron Net Works.  Some of these meetings have been completed and more will occur between now and October 12.  Please keep the following points in mind as we work with you to finalize budget:

Enron Networks today is very different from this time last year.  Additions to the 2002 ENW budget are Operations for EA, EIM and EGM.  Operations, IT Maintenance and Development, and IT Infrastructure for EES and EBS have been included under the ENW umbrella for the first time in the  2002  budget as well.  The 2001 budgets for these functions were approved and included in individual business units last year.   Any comparison of ENW's 2002 versus 2001 budget must be appropriately adjusted for these organizational changes to be relevant.

For further detail for each business unit, ENW's 2002 expense and capital dollars are organized to mirror each business unit's lines of business (products or commodities) in order to create a transparent view at a more granular level of the costs involved in supporting each of the lines of business.

The detail that is being provided to business units for IT costs delineates licensing fees, system maintenance costs and new development costs.  Detail on each IT development project identifies the purpose, business sponsor, line of business, "in progress" or "planned" designation, expense and capital spend, system impacted, and estimated completion date.   In order to finalize IT project budgets, decisions will be required from the business units on which projects to undertake in 2002.

If you have questions about the ENW budgets as we are working with you to finalize them,  please call one of us.

Greg Piper
Sally Beck
Mark Pickering


Union Carbide will reduce their takes at Texas City from 6000/d to 4000/d on
deal ticket 550968 - I've already changed the ticket - it's priced at Gas
Daily

The 10,000/d term sale remains unchanged


Please print the attachment for me in color.  Maybe three copies.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 05/08/2000 04:58 PM
---------------------------

Barry Pearce
05/08/2000 11:11 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: Do you know how long Stephen Schwarz has been with Enron -
roughly?

Thanks.

Yep - for 2 weeks.

When can you meet up?

This is what I needed it for....

Like it?

B.


For some reason the initial email didn't go through to him--I forwarded it
separately.  Thanks.  DF

	From:  Bill Cordes                           05/26/2000 03:40 PM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Pueblo

Thank you. Did you mean to leave Bill Gang off your distribution list?

	From:  Drew Fossum                           05/26/2000 02:00 PM

To: Bill Cordes/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@Enron, Kevin Hyatt/ET&S/Enron@Enron

Subject: Pueblo

Per our discussion last week, this is the status on Pueblo.  I think we need
to establish to our satisfaction the bona fides of Dennis' government
contracting scheme before we pitch hard to have ENA get into the deal and
scrub down the numbers on the power plant.  If our govcon gurus (Bill Votaw
and Bill Gang--both ex military guys working on DOD outsourcing deals for
Enron Federal Solutions) buy off on it, then I think we brief Stan at that
point.  You, Stan and Steve will then need to decide the best way to pitch
ENA to verify the economics and potentially get into the deal.  Either we'd
have Stan push from the top down or have Kevin and  Steve go directly to the
ENA deal guys.  More to follow.
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/26/2000
01:50 PM ---------------------------

	From:  Drew Fossum                           05/26/2000 01:51 PM

To: Kevin Hyatt/ET&S/Enron@Enron, Bill Votaw/HOU/EES@EES
cc: Steven Harris/ET&S/Enron@Enron

Subject: Pueblo

I just talked to Tino Monaldo, Dennis Langley's lawyer/project manager for
the Pueblo project.  I explained Bill and Bill's credentials and concerns and
Tino suggested that a sit down between Enron and their government contracts
team might be helpful.  He offered to do it in Houston, probably late next
week or the following week.  Attending would be Dennis, Tino, and their
outside lawyers, Jim Slattery and Rick Harrington.  Harrington is the key--he
is a retired military guy and one of the lead govt. contracts lawyers at my
old firm in DC.  The would basically put on a dog and pony walking us all
through their sole source strategy,  including their legal interpretations
and the allies they have lined up within DOE/DOD.  Bill and Bill--does such a
meeting sound productive?  If so, should we have outside govt. contracts
counsel present and if so, who do you suggest?

On a related note, Tino explained (without me asking or really caring) that
he was in the middle of a "big drafting project"--revising Dennis' joint
venture agreement with the Isleta.  I took the opportunity to express my
concern at how far down the road Dennis is getting on the overall deal,
including structure issues, without knowing whether Enron is even on board.
I reminded Tino that GPG has not committed to participating in the pipeline
or the power plant, and that we have not obtained ENA's agreement to commit
turbines.   Apparently Dennis believes that if the economics pans out, Enron
or someone else yet to be identified will magically jump in to the deal with
money, turbines, etc.   If Enron does eventually decide to get into this
deal, the agreements and promises that Dennis has already made may need to be
revisited.   Thanks for your patience on this project.  DF


This is the initial merger/name change notice for March 2000.

I will update the counterparty records with the new legal names tomorrow,
3/14,  unless I hear from someone that this is an issue. Copies of the
documents will be sent out this afternoon.

I do have additional information to send out later this month.  If there are
any questions, please give us call. Thanks!

Marilyn Colbert 3-6517
Mary Botello     3-3103


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/27/2001
12:06 PM ---------------------------

Hunter S Shively
03/26/2001 10:01 AM
To: phillip.k.allen@enron.com
cc:
Subject:


Dear  GERALD NEMEC ,

Per your request, bill payment has been enabled within your Internet Banking
account. You can now log into your Internet Banking account and simply click
on the bill payment icon to access this service.

Please do not respond to this e-mail address, as it is not set up to properly
route your questions.

Congratulations and welcome to online bill payment!


CALIFORNIA

Los Angeles:
The Peninsula Beverly Hills
9882 Santa Monica Bvld
Beverly Hills, California 90212
310-551-2888 (W)
310-788-2319 (F)
800-462-7899

NEW MEXICO

Santa Fe:
Inn of the Anasazi
113 Washington Avenue
Santa Fe, New Mexico 87501
505-988-3030 (W)
505-988-3277 (F)
800-688-8100

TEXAS

Fort Worth:
The Worthington
200 Main Street
817-870-1000

WEST VIRGINIA

The Greenbrier
300 West Main Street
White Sulphur Springs
WV, 24988-2498
304-536-7804 (W)
304-536-7874 (F)
http://www.greenbrier.com

WYOMING

Lost Creek Ranch
Moose, Wyoming
(12 miles north of Jackson)
recc by Steve Duffy


missing deal for mike d

buy psco
may
midc
320.00
25 mw
on peak


David,

A reminder. We discussed a few days ago a consulting arrangement with Prof.
Sheridan Titman from
UT. Any feedback from Rick Buy? Please, let me know.

Vince


Chris,

Here is our explanation of the 5 Day loss violation.  Let me know if you need
any more information.

Due to a forecast for mild November weather, futures prices have fallen
sharply over the last five days.   Nymex futures prices have fallen a total
of $0.68 over the last five days.  The Gas desk's loss is primarily driven by
a long price position held by the Financial desk, which averaged 7, 295
contracts over the same period.

Robin


Funny, but it won't get picked up by Jay Leno ....

-----Original Message-----
From: Robert Weisenmiller [mailto:rbw@mrwassoc.com]
Sent: Thursday, January 03, 2002 4:16 PM
To: Comnes, Alan
Subject: Fwd: Enron Accounting Texas Style

<x-flowed>

 >Delivered-To: mrwassoc@barney.sfrn.dnai.com
 >From: "Bill Marcus" <bill@jbsenergy.com>
 >To: "Alan Gering \(E-mail\)" <bradley@jps.net>,
 >    "Barry Bergman \(E-mail\)" <blbergman@rhphillips.com>,
 >    "Bob Finkelstein \(E-mail\)" <bfinkelstein@turn.org>,
 >    "Bob Kinosian \(E-mail\)" <gig@cpuc.ca.gov>,
 >    "Bob Weisenmiller \(E-mail\)" <rbw@mrwassoc.com>,
 >    "Cynthia Mitchell \(E-mail\)" <ckmitchell@powernet.net>,
 >    "David Argue \(E-mail\)" <david.argue@sympatico.ca>,
 >    "Don Fields \(E-mail 2\)" <flak2@aol.com>,
 >    "Eric Witkoski \(E-mail\)" <epwitkos@ag.state.nv.us>,
 >    "Eric Woychik \(E-mail\)" <estrategy@mindspring.com>,
 >    "Fred Schmidt \(E-mail\)" <fschmidt@halelane.com>,
 >    "JA Savage \(E-mail\)" <honest@compuserve.com>,
 >    "Jack Pous \(E-mail\)" <lduci@earthlink.net>,
 >    "Jan McFarland \(E-mail\)" <jmcfarland@worldnet.att.net>,
 >    "Jim Lazar \(E-mail\)" <jimlaz@callatg.com>,
 >    "Jim Scarff \(E-mail\)" <jes@cpuc.ca.gov>,
 >    "John Williams \(E-mail\)" <JWilliams@Genesis.Law.Pace.Edu>,
 >    "Lenny Goldberg \(E-mail\)" <lga@mother.com>,
 >    "Matt Brady \(E-mail\)" <bradylaw@pacbell.net>,
 >    "Mick Davies \(E-mail\)" <mick-d@telusplanet.com>,
 >    "Mike Florio \(E-mail\)" <mflorio@turn.org>,
 >    "Kirk Sisson \(E-mail\)" <kirk@swslawyers.com>,
 >    "Rachel and Barry \(E-mail\)" <orlins_bergman@msn.com>,
 >    "Sara Myers \(E-mail\)" <ssmyers@worldnet.att.net>,
 >    "Shawn McMurray \(E-mail\)" <ShawnM@ag.state.ar.us>,
 >    "Tom and Margie Bowman \(E-mail\)" <bowmani@mymailstation.com>,
 >    "Theresa Mueller \(E-mail\)" <theresa_mueller@ci.sf.ca.us>,
 >    "V. John White \(E-mail\)" <vjw@cleanpower.org>,
 >    "Tom Greene \(E-mail\)" <greenet@hdcdojnet.state.ca.us>,
 >    "Steve Ostrover \(E-mail\)" <sostrover@econone.com>,
 >    "Robert McCullough \(E-mail\)" <robert@mresearch.com>
 >Cc: "Energy Advocate List \(E-mail\)" <eadvocate-l@igc.topica.com>
 >Subject: Enron Accounting Texas Style
 >Date: Thu, 3 Jan 2002 15:28:43 -0800
 >X-Mailer: Microsoft Outlook CWS, Build 9.0.2416 (9.0.2911.0)
 >Importance: Normal
 >X-Envelope-To: <rbw@mrwassoc.com>
 >X-MDRemoteIP: 208.59.199.22
 >X-MDRcpt-To: rbw@mrwassoc.com
 >X-MDaemon-Deliver-To: rbw@mrwassoc.com
 >
 >(Courtesy of Public Utilities Fortnightly, quoting an anonymous e-mail)
 >
 >You have two cows.  You sell three of them to your publicly listed company
 >using letters of credit opened by your brother-in-law at the bank.
 >
 >Then you execute a debt-equity swap with an associated general offer, so you
 >get all four cows back, with a tax-exemption on the fifth cow, of course.
 >
 >The estimated future value of the milk cash flow stream rights of the six
 >cows are monetized and transferred via an intermediary to the Cayman
 >Islands, secretly owned by a majority shareholder who sells the rights to
 >all seven cows back to your listed company, off-balance-sheet, of course.
 >
 >The annual report says the company owns eight cows and recognizes milk
 >revenue for its 20-year life of the cow.
 >
 >This is hedged with a derivative cow life insurance policy through a Cayman
 >Island bank and these hedges are done through EnronOnline's commodity
 >storefront with a option to buy one more cow, no balance sheet provided ...
 >
 >The company says it will file all footnotes to its financial statement at a
 >later date ...

</x-flowed>


thanks - I'll take a look at it today and get back to you ....

Dan J Hyvl
11/10/2000 01:36 PM
To: Lee L Papayoti/HOU/ECT@ECT
cc:
Subject: Mobil transaction document for your review.


Sean has COB in his trade log. He originally had Mid-C, then crossed it out.
Sounds like Amerex just hasn't updated their website with the change.

Evelyn Metoyer@ENRON
04/09/2001 02:35 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 4/9 Checkout Con't

Amerex West

deal 576348
Sean Crandall
Amerex confirmed deal as COB however, their web checkout has Mid-C.  Can you
please reconfirm the delivery point with Sean.

Thanks


See my storage story that begins on 1. Plus you might find the issue to be
of interest. I will be doing little occasionally fee pieces for the
Transportation &
Storage Report and will be having lunch with them tomorrow so any thoughts
you have on my piece or the report would be appreciated.

Best regards,

JHHerbert

 - ts06-29.pdf


I don't know what subscription she is talking about.  Please handle.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 12/29/2000 09:15 AM -----

	Stephanie E Taylor
	12/28/2000 04:15 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Subscription Renewal

Dear Mark,

I am processing your subscription renewal and need your Company and Cost
Center numbers.  Please send them to me as soon as you can.

Thanks and Happy New Year!

Stephanie E. Taylor
eSource/Houston
713-345-7928


---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 12/12/2000
10:13 AM ---------------------------

Dawn C Kenne
12/12/2000 10:00 AM
To: Jeffrey C Gossett/HOU/ECT@ECT, Michael Swaim/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT
Subject: Counterparties w/ Master Agreements with ECC

I have received an updated list of the counterparties that have Master
Agreements with ECC.  There are now about 40 counterparties that fall under
this category.  What seems to be happening is that these counterparties are
hitting on US gas products on EOL and are not bridging into Tagg correctly.
Currently, they are bridging as one leg between ENA and the counterparty.
The problem arises during settlement because ENA cannot settle with these
counterparties, only ECC can.  An example of what Risk is doing to the
products after bridging is Tagg#Q79131 / EOL #555401.

RISK:  We need risk to verify that anytime, without exception, all companies
with Master Agreements with ECC that hit a US product must be booked as two
legs:  leg one booked between ECC and the counterparty with risk assignment
of FT-US/CAND-ERMS; leg two flipping the risk out of FT-US/CAND-ERMS to the
appropriate risk book.  Also, risk needs to verify that this is only for
Financial Swaps and not Physical deals.

IT:  It is my understanding that a few counterparties are set up to be booked
correctly (with two legs).  The list is now up to 40 counterparties and will
most likely be updated on a consistent basis.  Is this something that Tagg
Maintenance can handle?  Guidelines need to be set up for Risk/Global to
instruct IT when new Master Agreements are created with counterparties so
logic can be adjusted accordingly.

Does a meeting need to be set up to elaborate on these issues?  Are there any
further issues that need to be addressed concerning ECC Master Agreements?
(i.e. What about when a counterparty with ECC Master Agreement hits a
Canadian product out of the Houston office?)
Please respond with your thoughts on this subject.

Thank you,
Dawn
3-9353


FYI - The KERP Certificates were just turned in on the 16th floor.

 -----Original Message-----
From: 	Choate, Heather
Sent:	Thursday, May 30, 2002 3:13 PM
To:	Barbe, Robin; Bridges, Michael; Concannon, Ruth; Denetsosie, Troy; Dicarlo, Louis; Figueroa, Chris; Garza, Maria; Germany, Chris; Gregory, Paul; Kelly, Katherine L.; Lagrasta, Fred; Muench, Gayle W.; Polsky, Phil; Quezada, Daniel; Tian, Yuan; Versen, Victoria; Zimmerman, Grant
Cc:	McMichael Jr., Ed
Subject:	KERP Communication and Certificate

If you all would like to give me your completed "KERP" Certification's, I will make sure they are delivered to Khymberly, personally.

- Heather

 -----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Thursday, May 30, 2002 3:06 PM
To:	Barbe, Robin; Bridges, Michael; Choate, Heather; Concannon, Ruth; Denetsosie, Troy; Dicarlo, Louis; Figueroa, Chris; Garza, Maria; Germany, Chris; Gregory, Paul; Kelly, Katherine L.; Lagrasta, Fred; Muench, Gayle W.; Polsky, Phil; Quezada, Daniel; Solis, Melissa; Tian, Yuan; Versen, Victoria; Zimmerman, Grant
Cc:	Booth, Khymberly
Subject:	FW: KERP Communication and Certificate

FYI - Please call Khymberly Booth with questions.
Ed

 -----Original Message-----
From: 	Booth, Khymberly
Sent:	Thursday, May 30, 2002 2:31 PM
To:	Baughman, Edward; McMichael Jr., Ed; Schneider, Chip; Apollo, Beth; O'Neil, Murray P.; McConnell, Mike; Piper, Greg; Jacoby, Ben; Parquet, David; Mays, Wayne; Virgo, Robert; Melendrez, Jesus
Cc:	Miller, Don (Asset Mktg)
Subject:	FW: KERP Communication and Certificate

I know you all received the below e-mail, however I wanted to encourage you to talk to your employees regarding this to ensure everyone understands the importance of getting this in on time.  If it is not in the box on 16 by Monday end of business (5:00) there is a chance the employee may not receive their KERP payment at the time of others.  This form has to be received by HR for payment to be made.  If you have any employees who will be unable to comply with this please let me know.

Portland and San Francisco-  I will contact you to let you know what to do to get these in on time.

Thanks-
KB

 -----Original Message-----
From: 	Robert W. Jones, Enron HR Executive
Sent:	Thursday, May 30, 2002 2:20 PM
To:	DL-GA-all_special mailing
Subject:	KERP Communication and Certificate

The Bankruptcy Court order authorizing the Key Employee Retention, Liquidation Incentive and Severance Plan (the "KERP") requires that, before receiving any payment under the KERP, each participant certify that he or she has not engaged in insider trading of the Company's stock.  To receive any KERP payment, you must print, complete, and return the attached certificate.

If you wish to review Enron's policy regarding insider trading, you can find the Securities Trades by Company Personnel section of the Code of Ethics at:

<<http://home.enron.com/resources/policies/code_of_ethics/code_of_ethics100600.pdf >>

We are making every effort to make the first payments under the KERP by June 15, 2002.  To ensure that you receive your first scheduled payment on June 15th with your regularly scheduled pay via direct deposit, you should:

?	Completely and legibly fill out the form.
?	 Deliver it to the designated receptacle in the lobby on the 16th floor by  no later than 5:00 p.m., Monday, June 3, 2002.
?	 Do not drop it in the mail.

Unfortunately, late forms will result in a delay in payment.  Thank you for your hard work and continued commitment to Enron.