FYI.  THe template to be used in our PRC process is below.  I am still trying
to get clarification around the promotion discussion.  I will let you all
know.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 06/05/2000
08:43 AM ---------------------------

	Enron North America Corp.

	From:  Hector McLoughlin                           06/02/2000 05:28 PM

To: Brenda F Herod/HOU/ECT@ECT
cc:
Subject: Re: PRC Meeting Agenda Recap

The accomplishments by 6/19 is for Directors and above - to Sally.
Individual groups under Sally will probably set their deadlines PRIOR to the
smaller PRC's.    That is correct.
I did not understand that Promotions are to be discussed prior to the meeting
with Sally  Our notes indicate that Sally wanted some prior discussions on
this subject.   nor did I understand that the employee had to be in their
role for 1 year.  Our notes indicate that this would be the general rule of
thumb.  I thought the Promotion discussion would be an agenda item of PRC.
We believe that discussion of promotions will also occur at the PRC.
Additionally, I understood the Mid-Year promotion listing would not be as
extensive as year-end, maintaining the year-end as the primary promotion
time. We understood the same.

	From:  Brenda F Herod @ ECT                           05/31/2000 07:37 PM

To: Hector McLoughlin/Corp/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT,
Scott Pleus/Enron Communications@Enron Communications, Brent A
Price/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Stephen P Schwarz/HOU/ECT@ECT,
Mary Solmonson/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Robert
Superty/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Shona Wilson/NA/Enron@Enron,
Steve Jackson/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Norma
Villarreal/HOU/ECT@ECT

Subject: Re: PRC Meeting Agenda Recap

I think I'm unclear on some points.

The accomplishments by 6/19 is for Directors and above - to Sally.
Individual groups under Sally will probably set their deadlines PRIOR to the
smaller PRC's.
I did not understand that Promotions are to be discussed prior to the meeting
with Sally nor did I understand that the employee had to be in their role for
1 year.    I thought the Promotion discussion would be an agenda item of
PRC.  Additionally, I understood the Mid-Year promotion listing would not be
as extensive as year-end, maintaining the year-end as the primary promotion
time.
 Can you clarify?  Thanks.

	Enron North America Corp.

	From:  Hector McLoughlin                           05/31/2000 06:07 PM

To: Sally Beck/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Michael E
Moscoso/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Scott Pleus/Enron
Communications@Enron Communications, Brent A Price/HOU/ECT, Susan
Harrison/HOU/ECT@ECT, Stephen P Schwarz/HOU/ECT@ECT, Mary
Solmonson/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT,
Peggy Hedstrom/CAL/ECT@ECT, Shona Wilson/NA/Enron@Enron, Steve
Jackson/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT
Subject: PRC Meeting Agenda Recap

Please distribute the recap of the meeting to your managers.
Thanks, hgm


Hot off the press - it's the October Newsletter!


thanks

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:  Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 5:43 PM
To: Cameron Sellers
Subject: EnronOnline Article

USA: INTERVIEW-EnronOnline sees volume growth, CEO says.

By Gelu Sulugiuc

07/17/2001

Reuters English News Service

(C) Reuters Limited 2001.

NEW YORK, July 17 (Reuters) - As most players in a shrinking pool of online
energy trading platforms struggle to stay alive, leader EnronOnline has a
simple philosophy: If it ain't broke, don't fix it.

The Internet arm of the energy marketing and trading giant Enron Corp. ,
EnronOnline predicts it will increase its volume and says it can coexist
with the IntercontinentalExchange (ICE), the chief executive of Enron
Networks told Reuters on Tuesday.

The innovative company is always evaluating its business environment, ready
to remold itself according to market demands, but it is not pursuing
mergers or aquisitions for now, according to Greg Piper.

"I would never say never, but we're not proactively looking at aquiring an
ownership position in any other exchange platform," Piper said.

With an average of $3.5 billion in trades every day, EnronOnline enjoys the
highest volume of all energy electronic platforms. Most energy trading
platforms launched last year have failed to generate profits.

Its closest rival is ICE, which routinely exceeds $1 billion a day. But
while ICE is a many-to-many exchange that matches bids and offers, on
EnronOnline one can only trade with Enron.

"It's a tool that supercharges our market-making business," Piper said.

Enron is the No. 1 natural gas and electricity marketer in the United
States. About 60 percent of its transactions are captured through the
electronic platform.

"As long as we show good prices to our customers, our volumes will continue
to grow," Piper said.

The company is looking to grow online volume in products such as metals,
steel, weather, petrochemicals and plastics.

"We're trying to remain the leader in energy and help our other markets get
more traction," Piper said. "There is a huge amount of growth that we
haven't even tapped into yet."

Piper said he is not worried about ICE's recent success. The Atlanta-based
exchange recently took over London's International Petroleum Exchange and
plans to transfer its open-outcry business online, significantly boosting
its trade volumes.

"Maybe six to 12 months from now, the story might be a lot different,"
Piper said. "But right now, there is room for the both of us."

He added that Enron traders do not shy away from trading on ICE. Many of
the energy giants that founded ICE and provide most of its liquidity are
also Enron's biggest clients.

"Enron will seek out a good deal on ICE when there is one," Piper said.

INNOVATION KEY TO SUCCESS

Recognized as one of the most innovative companies in the United States,
Enron is constantly evaluating its position in the market and thinking of
ways to become more successful.

"The right thing to do in November 1999 was to launch EnronOnline," Piper
said. "But we look at it every day and if it made sense to do something
different, you can bet that Enron would do it and we wouldn't be emotional
about it."

One of the company's advantages is the fact that its software is a flexible
application that allows EnronOnline to easily go in an out of different
markets and regions. It constantly adds new products to its trading
arsenal.

But Piper said that EnronOnline has no plans to turn itself in a
many-to-many exchange.

"We want to focus in providing our markets to others," he said. "In the
near term, we're not changing that."

The company is considering licensing the application itself, but would not
elaborate on who wants it and how much Enron would ask for it.

EnronOnline has been so successful that even its competitors take their
hats off.

"I've been hearing for two years now that a one-to-many exchange wouldn't
work, but Enron just keeps proving people wrong," said Frank Getman, chief
executive of online energy exchange HoustonStreet.

"If you're willing to make tight two-way markets and be the best price in
the market, then people will continue to use your site."

Enron's stock rose 41 cents to $49.53 a share on Tuesday in trading on the
New York Stock Exchange.

|-------------------------------------------------------------------------|
|                                                                         |
| Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved.
|
|                                                                         |
|-------------------------------------------------------------------------|


So do we now have an Enovate/enovate?

Thanks,

Kay


We are still looking for capital costs for a 730 MW plant in Texas, which
comprises of 4 FA's and 2 STG's.  We are currently using $450 MM for a total
project cost number, which comes out to be $616/Kw.
Thanks
Ben


To all whom it may concern:

I would like to register my associate Zimin Lu as my guest
at Power 2000 conference in Houston in May. Thanks.

Vince Kaminski
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/17/2000
08:04 AM ---------------------------

Shirley Crenshaw
02/16/2000 12:58 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Zimin Lu/HOU/ECT@ECT
Subject: power 2000

Vince:

I tried to register Zimin and they said that you would have to do it - since
you are the speaker and the spot is your free spot.

You can Email them the information.  They will need:

Name:   Zimin Lu
Title:   Director
Company:  Enron Corp.
Address:  1400 Smith Street EB1967
Phone:   713-853-6388
Conference Name: Power 2000 - Houston, TX -  May 9 & 10, 2000

Email the information to:  conf@risk.co.uk

Thanks!

Shirley
3-5290

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 02/16/2000
12:54 PM ---------------------------

Zimin Lu
02/15/2000 02:22 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: power 2000

Shirely,

Could you register me for the power 2000 conference in Houston as Vince's
guest ?
Since Vince is a speaker, I can attend for free.

Zimin

To: Zimin Lu/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Power 2000

Zimin,

You are the 1st. Feel free to register as my guest.

Vince

Zimin Lu
02/14/2000 02:59 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Power 2000

Vince,

Could you take me as your guest for the Power 2000 conference if
no one has asked already ?

There are a few interesting topics I would like to hear.

Zimin


John,

This looks fine from a legal perspective.  Everything in it is either already
in the public domain or otherwise non-proprietary.

Kind regards,
Dan

Rick Bergsieker
02/15/2001 05:45 AM
To: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT, Mac
McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maurizio La
Noce/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Dolphin Q&As

I have added another question at the end.

John Ambler
02/15/2001 01:03 AM
To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT, Mac
McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maurizio La
Noce/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Dolphin Q&As

Rick,

Consistent with our discussions and the information you provided, I intend to
use the following additional statements if needed to respond to media
inquiries.  Your comments and approval would be appreciated.

Q.  Can you confirm that the contract will be signed in March?

A.  We expect that a "Heads of Agreement" between the governments of Qatar
and the UAE will be signed.  This is a very significant agreement outlining
commercial terms for the development of Qatari gas for export to the UAE.
With this government-to-government protocol, the project developers (UAE
Offsets Group, TotalFinaElf and Enron) can now proceed with negotiations over
other key elements such as the Production Sharing Agreement, GSA and
transmission access agreements.   It will be a number of months before these
other agreements can be completed and sufficient detail is available for the
Dolphin project developers to agree to and secure necessary approvals.

Q.  What are the details of the agreement with Qatar?

A.  The UAE Offsets Group as majority owner is the appropriate authority for
comment on such an agreement.  In addition, as the project progresses,
TotalFinaElf is expected to play a major role in the upstream development.
Enron expects to focus its attention on gas marketing, pipeline development,
project structuring/financing and risk management.

Q.  What will be Enron's financial commitment to the project?

A.  It would not be appropriate to discuss specific cost figures at this
stage.  However, I can say that we expect to project finance most of Enron
and the other company's participation in Dolphin.  In addition, the Dolphin
Strategic Partners have structured the project to provide for multiple
investors, who will be offered the opportunity to join the venture after key
project documents are executed.

Q.  Offsets has often described Dolphin as a $10 billion project.  Is this
true?

A.  It would not be appropriate to discuss project costs at this time.
However, it is clear that the cost for the initial phases of the project
(production and delivery of 2 to 3 bcfd of gas from Qatar to the UAE) is
nowhere near this amount.  The $10 billion number assumes later expansions of
the project to supply Oman, Pakistan and possibly India, plus an investment
multiplier effect to reflect the potential new downstream facilities that end
users will be able to build once Dolphin gas is available to fuel such new
facilities


Not for me,  I'm injured - I dislocated my ankle on Sunday.


fyi

 -----Original Message-----
From: 	Kohli, Sandeep
Sent:	Monday, May 14, 2001 8:28 AM
To:	Cline, Wade
Subject:	Thank You

Wade,

Hope you and the family are doing well.  I just wanted to jot you a short note to thank you for the help you are giving Krishna.

At my end, all is fine.  I am still keeping a close watch on the goings on in India.  A matter of habit, I guess after some 5 years!

Wishing you and the family the very best.

Regards,
Sandeep.


All,

Thank you for your time yesterday interviewing for the ENA Trading Track.    I would be grateful if you would not discuss feedback with any of the candidates until all offers are confirmed.  I will advise you when candidates have been notified.

Thanks once again.

Regards,

Karen.


The gas prices assumed for the DWR analysis are much higher than our curves
from yesterday.  How old is the analysis?  Gas prices have come off at least
a buck or so in the past month.

Jeff


Please briefly fill-in the attached draft monthly report for Net Works by
August 15.  Please e-mail your additions to Janette for her to compile.

Thanks,

Mark


is this form on-line?  If so, how do I get to it.  It doesn't appear under "forms" on HRweb.
thanks
Kevin Hyatt
x35559


Ed and Elsa

Here's is some suggested language, based upon our conversation.  Please
review and offer comments.

FYI: All new trade components (i.e. Delivery Location) require the review of
Legal, David Forster and Marcello Romano for approval.

The transaction is for delivery of pool gas via the Houston Pipe Line
Company, as scheduled by the Counterparty, to either (i) Houston Ship Channel
Zone 10, Meter # 7342 or (ii) Houston Ship Channel Zone 10 at any one of the
following points: Brandywine (Meter # 1505); Destec Enerfin (Meter # 1563);
Dupont (Meter # 1019); Equistar (Meter # 1373); Ethyl (Albemarle) (Meter #
1188); Exxon (Meter # 1031); Georgia Gulf Corp. (Meter # 713); Phibro Energy
Inc. (Valero Ref.) (Meter # 1394); Shell East (Meter # 1060); Occidental
Battleground (Meter # 1485); IGS Dodge Street (Meter # 1508); Millennium
Petro Polymer (Meter # 1553).

Dale

---------------------- Forwarded by Dale Neuner/HOU/ECT on 12/27/99 03:54 PM
---------------------------

Dale Neuner on 12/22/99 10:15:15 AM
To: Elsa Villarreal/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Elizabeth L
Hernandez/HOU/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Marcello Romano/LON/ECT@ECT,
David Forster/LON/ECT@ECT
Subject: New Nat Gas Delivery Location

Pursuant to our recent confirmation I have drafted some suggested language
for the Houston Ship Channel Pooling point:

Abbreviation: HPL-HSC
Sort Code: [TBD]
Description: The transaction is for delivery via the Houston Pipe Line
Company to the Houston Ship Channel, Zone 10.

Elsa and Darren; please approve or offer comments regarding the content of
description.


Merchant Assets have recalculated their VaR, and I have enclosed it above.

Regards,

Eugenio


Mark,

Attached is my resume.  Thanks for forwarding it.

Ted

 - ted c bockius resume.doc


For Ontario curves;

O:\ECT_Trading\Pos_Curves

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 09, 2002 11:58 AM
To:	Winfree, O'Neal D.; Giron, Darron C.; Valdes, John; Palmer, B. Scott; Love, Phillip M.
Cc:	Gossett, Jeffrey C.
Subject:	estate files

Are there any other files/directories that the estate people in risk will need to use to do their jobs.  IT will have to go into each macro and change the database that it is using to the new one they are creating this weekend.  I don't know if any of you are still using any exotic spreadsheets other than the transport model.  Please let me know if there is anything I'm missing.  (curve files)

Here are the files that use ERMS that the estate will be using.

O:\erms\erms_adm\firmtrad\Benchmark\2002\Jan-02
O:\erms\erms_adm\firmtrad\2002\0102\regions
O:\erms\Excel Queries\ (Netco will need a copy of these files moved with them)
O:\Transport\Central Transport\2002\Jan02
O:\TDS\TDS Curve\Central
O:\TDS\TDS Curve\East
O:\TDS\TDS Curve\GD-Central
O:\TDS\TDS Curve\Central\NY
O:\TDS\TDS Curve\Central\NYMarket
O:\TDS\TDS Curve\Central\Southeast
O:\TDS\TDS Curve\Central\Texas
O:\TDS\TDS Curve\Central\West


Greetings:
I just talked to Marcie.  She's interested, but wants some more info to examine before setting up a meeting.  Aren't there some press articles about the sort of muni partnerships you want to pursue with SMUD and Anaheim?  Do we have anything else that I can email to her to wet her whistle for the meeting?  Will get back to you very soon about meeting with Schori at SMUD.

Best,
Jeff


yes

	Enron North America Corp.

	From:  Shanna Husser @ EES                           02/07/2001 09:44 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Game at 8

I am alright.  Had a meeting this morning- so just got back.  I brought
clothes to workout this afternoon.  Are you going?

Eric Bass @ ECT   02/07/2001 08:32 AM

To: Shanna Husser/HOU/EES@EES
cc:
Subject: Game at 8

for your info . . .
how are you today?
---------------------- Forwarded by Eric Bass/HOU/ECT on 02/07/2001 08:36 AM
---------------------------

From:  Bryan Hull
02/07/2001 08:19 AM

To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver
Plachy/NA/Enron@Enron, reagan_mathews@enron.net, Timothy Blanchard/HOU/EES@EES
cc:
Subject: Game at 8

Our game is at 8. Let me know if you are in or out.


As I understand it, if the escrow is funded tomorrow morning, the earliest
closing date would be May 2nd.

Kay


I was confused by your use of 2 spellings. Did you like my Austin Power's reference? "I know. That's how we do it in Belgium. It's called a Belgium dip" You are back in my good graces. Try not to confuse the dumb fat kid.

 -----Original Message-----
From: 	Rob Laird <RLaird@natsource.ca>@ENRON
Sent:	Tuesday, August 14, 2001 10:37 AM
To:	Dorland, Chris
Subject:	RE:

Wasn't questioning the chica's, like the term, thinking out loud as to any
available on the scene for the kid....

-----Original Message-----
From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
Sent: Tuesday, August 14, 2001 9:34 AM
To: RLaird@natsource.ca
Subject: RE:

Fuck you. That's how we spell it in Belgium.

    -----Original Message-----
   From:   Rob Laird <RLaird@natsource.ca>@ENRON
   Sent:   Tuesday, August 14, 2001 10:29 AM
   To:     Dorland, Chris
   Subject:  RE:

   With open arms...Chica's? I was at a wedding this weekend with tons of
   chika's it was ridiculous....

   -----Original Message-----
   From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
   Sent: Tuesday, August 14, 2001 9:27 AM
   To: RLaird@natsource.ca
   Subject: RE:

   Coming to town Thursday for the weekend and hopefully moving by the
   middle
   of September. Spending Friday house shopping. I think I am going to end
   up
   in your neck of the woods. Seems like the best values are in that area.
   Are
   we going to get some snow this winter? We need to find Dorland a date. I
   am
   going to a wedding this weekend and there should be lots of single
   chicas
   there. I am really looking forward to being back in Cow town. Houston is
   painfull.

   Later

   cd

       -----Original Message-----
      From:   Rob Laird <RLaird@natsource.ca>@ENRON
      Sent:   Tuesday, August 14, 2001 10:12 AM
      To:     Dorland, Chris
      Subject:

      Sucka, when you coming to towne?

   **********************************************************************
   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.
   **********************************************************************


forestweb.com
Mercer International Inc. (Nasdaq:MERCS, Easdaq:MERC GR) announced today that a joint venture led by Mercer has accepted the offer from Bayerische Hypo- und Vereinsbank AG to act as the lead financial arranger and underwriter on the credit facilities for the Stendal pulp mill project to construct a 550,000-tonne Northern Bleached Softwood Kraft pulp facility.Financial close is expected to occur in the first quarter of 2002, as previously announced, pending the completion of certain terms and conditions for the facility, including completion of amendments to the permitting process, the receipt of confirmation of government grants and loan guarantees and other documentation customary to a syndicated loan. At financial close Mercer's ownership position in the joint venture will be 57.5%, as previously announced. Its partners, TESSAG Indsutrie-Anlagen GmbH and AIG Altmark-Industrie AG, will own 29.4% and 13.1%, respectively.


Kate,
 Maybe when you get your cell phone you can accessorize with one of these.
Mom

-----Original Message-----
From: Mike Tryon (MS-Mail MO-PDX) [SMTP:Mike-Tryon@Hoffmancorp.com]
Sent: Monday, October 16, 2000 10:00 AM
To: Mary Jane Symes
Subject: FW: Cell Phone Hands Free Adapters

Hi Mary Jane,

I thought, since you have a cell phone, that you might want to participate
in this bargain. Pass it on to others and I'll bet we can get it even
cheeper.

Hope you day goes smoothly and pleasantly,
Michael

> -----Original Message-----
> From: Darhl Edwards
> Sent: Monday, October 16, 2000 9:49 AM
> To: Bill Hargrave (E-mail); Brian Garstka (E-mail); Bryan Shirley
> (E-mail); Dent, Tom (E-mail); Jim Dill (E-mail); Mike Tryon (E-mail);
> Diane Garstka (E-mail); Chris Bjork (E-mail)
> Subject: FW: Cell Phone Hands Free Adapters
>
>
> IMPORTANT - read this first
>
> I don't know if you've heard, but
> starting Jan 1, 2001 you will no longer be able use a cell phone while
> driving
> unless you have a "hands free" adapter. I went to K-Mart and they wanted
> $50 for a hands free adapter!!! I have managed to get hold of some "off
> brand"
> units and was wondering if anyone is interested. These kits are compatible
>
> with
> any mobile phone and one size fits all. I paid $8 each for buying in
> quantity.
>
>
> DRE
>
>
> I'm selling them for $10. I tried them out on Eriksson, Motorola, &
> Nokia phones and they worked perfectly. A photo is attached. Take a look
> and
> let
> me know if you want one.
>
>
>  <<cell phone.jpg>>

 - cell phone.jpg


I've changed it to Amerex.

Kerri Thompson@ENRON
05/02/2001 02:48 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

599676
broker says this is not there deal


EFF_DT PORTFOLIO_ID DOWN95
12/1/00  MANAGEMENT-CRD 0
12/1/00  MANAGEMENT-GAS 1,152,305
12/1/00  MANAGEMENT-PWR 340,158
12/1/00  AGG-MANAGEMENT 1,376,639


steelers = 6
bucs = 9
eagles = 5
rams = 15 (last man standing)
bills = 4
panthers = 13
jags = 14
chiefs = 10
raiders = 2
giants = 7
pats = 3
seahawks = 11
ravens = 8
skins = 12


Thought you all might want to see this.....

Subject:  Message from Boeing.......

> Note:  To those of you who don't know powerpoint......at the end, to get
> it off your screen, right click and double click on "end show"........
>
>
>
(See attached file: MessageFromBoeing.pps)


Transwestern's average deliveries to California were 933 MMBtu/d (86%), with San Juan lateral throughput at 864 MMBtu/d.  Total East deliveries averaged 452 MMBtu/d.

El Paso's average deliveries to California were 1954 MMBtu/d (67%):
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 502 MMBtu/d (44%)
- SoCalEhr, capacity 1250 MMBtu/d, deliveries of 954 MMBtu/d (76%)
- SoCalTop, capacity 540 MMBtu/d, deliveries of 498 MMBtu/d (92%)

Thursday's posted Gas Daily prices:
	SoCal gas, large pkgs	  2.155 (-.19)
	PG&E, large pkgs	  2.13 (-.15)
	TW San Juan		  2.025 (-.175)
	TW Permian		  1.985 (-.24)

Enron basis:	n/a


_________________________________________________________________

                        F O O L W A T C H
                     Monday, December 4, 2000

benjamin.rogers@enron.com
_________________________________________________________________

                         Close    Change  %Change

            FOOL 50    1,721.64   +20.19   +1.19%
  DJIA      10,560.95  +187.41   +1.81%
  S&P 500    1,324.97    +9.74   +0.74%
  NASDAQ     2,615.75   -29.54   -1.12%
           (Numbers as of 5:00 p.m. ET)

 Sponsored by: American Express
 Why invest with American Express? Exceptional financial
 planning tools, round-the-clock customer service and low
 commission trading. Trade online with a company you know
 and trust!
      http://www.lnksrv.com/m.asp?i=227566

SPECIAL: INDUSTRIES TO WATCH IN 2001
  Start your search for investment ideas with these industries.
http://www.fool.com/m.asp?i=227567

FOOLISH 8: BUY SMALL
  Why buy small companies? Brian Graney explains in this new
  series on small-cap investing.
http://www.fool.com/m.asp?i=227568

RULE BREAKER: TIMING A DOWN MARKET
  Should the Rule Breaker team have seen this Nasdaq cold spell
  coming? Paul Commins doesn't think so.
http://www.fool.com/m.asp?i=227569

RULE MAKER: YAHOO! VS. GAP
  Right now, Yahoo! and Gap are almost identically valued. The
  difference lies in the business economics.
http://www.fool.com/m.asp?i=227570

CHARITY UPDATE: SOME EYE-POPPING NUMBERS
  We show you how just a few bucks can mean clean water,
  nutritious meals, or more for those in need.
http://www.fool.com/m.asp?i=227571

TOP NEWS STORIES
  Get the latest on wireless auctions, the Pepsi-Quaker Oats
  marriage, and the WorldCom-Intermedia deal.
http://www.fool.com/m.asp?i=227572

RETIREE PORT: FAREWELL, RETIREE PORTS
  Learn why we bid adieu to the Retiree Portfolios.
http://www.fool.com/m.asp?i=227573

FOOL PLATE SPECIAL: AN E-COMMERCE SNAPSHOT
  Will it be a green Christmas for online retailers?
http://www.fool.com/m.asp?i=227574

FOOL ON THE HILL: BUSINESS AND THE HUMAN TOUCH
  In business, sometimes it's the human spirit that creates
  lasting value.
http://www.fool.com/m.asp?i=227575

COMMUNITY PERSPECTIVE: WHAT IF APPLE NEVER GREW?
  Can a company that doesn't grow be a good investment?
http://www.fool.com/m.asp?i=227576

HOT TOPICS: WHAT FOOLS ARE TALKING ABOUT
  Our community is talking about Gateway, AMD and aliens, Intel
  and Rambus, and more.
http://www.fool.com/m.asp?i=227577

DAILY DOUBLE: PHILIP MORRIS REBOUNDS
  Tobacco liability scared investors away; Oreos and other
  treats brought 'em back.
http://www.fool.com/m.asp?i=227578

FRIBBLE: CHRISTMAS BONUS BLUES
  If you're expecting a year-end bonus, don't let that extra
  money burn a hole in your pocket.
http://www.fool.com/m.asp?i=227579

BREAKFAST WITH THE FOOL: PEPSI FINALLY WINS QUAKER
  PepsiCo will acquire Quaker for $13.4 billion in stock.
http://www.fool.com/m.asp?i=227580

_________________________________________________________________

My Portfolio: http://www.fool.com/m.asp?i=227581
My Discussion Boards: http://www.fool.com/m.asp?i=227582
My Fool: http://www.fool.com/m.asp?i=227583
Fool.com Home: http://www.fool.com/m.asp?i=227584
My E-Mail Settings: http://www.fool.com/m.asp?i=227585

 Sponsored by: American Express
 Why invest with American Express? Exceptional financial
 planning tools, round-the-clock customer service and low
 commission trading. Trade online with a company you know
 and trust!
      http://www.lnksrv.com/m.asp?i=227586

ATTENTION, BIOTECH INVESTORS: NEW INVESTING GUIDE
      Learn to analyze the potential of biotech companies
      with our new biotech investing guide.
http://www.lnksrv.com/m.asp?i=227587

FREE BOOK FOR FOOLS ONLY!
 Investor's Business Daily will send you a free copy
 of 24 Essential Lessons for Investment Success when
 you sign up for a free trial subscription of their newspaper.
http://www.lnksrv.com/m.asp?i=227588

FOOL DIRECT E-MAIL SERVICES
 Need to change your address or unsubscribe? You
 can also temporarily suspend mail delivery.
http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers
@enron.com

 Have ideas about how we can improve the Fool Direct or new
 e-mail products you'd like to see? Try our discussion board:
http://www.fool.com/m.asp?i=227589

_________________________________________________________________
(c) Copyright 2000, The Motley Fool. All rights reserved. This
material is for personal use only. Republication and
redissemination, including posting to news groups, is expressly
prohibited without the prior written consent of The Motley Fool.

MsgId:
msg-15235-2000-12-04_17-39-20-6356099_1_Plain_MessageAddress.msg-18:04:32(12-0
4-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Thanks.

 -----Original Message-----
From: 	Pimenov, Vladi
Sent:	Monday, January 28, 2002 4:51 PM
To:	Quigley, Dutch; Griffith, John
Subject:	New curve fetch file

Due to the change of servers and moving of all ERMS  databases to the new locations old curve fetch files are not working properly.

I got our IT guys to fix the file you gave me. Everything looks OK now.

I got the new file attached.

Let me know if you have any questions.

Vladi

 << File: Curve Fetch-multi day.xls >>


Rob,

The orgchart per your request. Did you follow up on my suggestion regarding
the PC? My secretary can give you the serial number of the CPU and you can
scan the hard drive for recently created/deleted files. IT guys took all the old PCs
my group was using away.

Vince


FORBES.COM DAILY NEWSLETTER OCTOBER 24, 2001
--------------------------------------------
  *A New Deal On Cipro
  *Apple Unwraps iPod
  *Semiconductor Recovery Still On Track
  *The New Bristol-Myers
  *Lifestyle: Circus Circus

=================================================================
==========================ADVERTISEMENT==========================
Introducing the Forbes.com RFP Center!
Access thousands of qualified providers, from accounting firms to
PR agencies to Web developers for FREE! Post your project needs
anonymously and collect competitive bids. Or you can list your company
in the directory and start finding NEW business today!
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931585
=================================================================

A NEW DEAL ON CIPRO
Dan Ackman
The government gets Bayer to drop its price for Cipro. But Bayer
gets to keep its patent.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931586

APPLE UNWRAPS IPOD
10.24.01, 10:00 AM ET - Dan Levine
Nothing is as exciting as a mystery product at Apple Computer.
Including the product.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931587

SEMICONDUCTOR RECOVERY STILL ON TRACK
10.24.01, 9:00 AM ET - Reuters
Amazingly enough, chip makers may see an improvement late next
year.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931588

THE NEW BRISTOL-MYERS
10.23.01, 5:20 PM ET - Matthew Herper
Bristol is a very different company from what it was a year ago.
But the changeover has left earnings flat.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931589

LIFESTYLE: CIRCUS CIRCUS
10.24.01, 9:08 AM ET - Anna Rohleder
A new retrospective reveals how bearded ladies and trapeze
artists have always inspired American artists.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931590

------------------------------------------------------------------
HOW TO SUBSCRIBE & UNSUBSCRIBE

To SUBSCRIBE to any FORBES.COM newsletter, join us as a member
at:
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931591

UNSUBSCRIBING FROM A NEWSLETTER
Forbes.com members who selected newsletters when they signed up
or on their edit profile page can unsubscribe at:
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931592

If you are not a member, or did not select newsletters on our
membership pages, you can UNSUBSCRIBE to this newsletter by
simply replying to this message and changing the message's
subject heading to "Unsubscribe".

To MANAGE all your Forbes.com newsletter accounts or change your
delivery address, join us as a member at:
http://tm0.com/forbes/sbct.cgi?s=167547968&i=403097&d=1931591
------------------------------------------------------------------


No,  we do not have a parental gty.  however,  they have posted a letter of
credit.  Credit has given their OK to trade.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Jake is ready to tell Lee who the purchaser is and get permission to "tell
all".  I think that's a good way to go.

I have to confess that I didn't look at their comments to the turbine
contract.  I will be glad to do it if you want.  Jake said that Bill Williams
had some discussions with Delta, and he thought maybe some of their comments
were no longer germane.  Bill has received their comments, but I don't know
his reaction.

Kay

Dale Rasmussen@ECT
03/16/2001 05:10 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: RE: GE LM-6000 purchase contract for Las Vegas Cogeneration II pr
oject

Jake is trying to chase me down to see if some proposed changes Delta wants
to negotiate with GE look to be in the realm of reason.  Have you seen the
comments?

Second:  In redacting the liability caps, etc. did you have a discussion with
Lee Johnson about GE sensitivities?  Delta is expressing a need to see what
the caps are.

Your thoughts?


John,

Where are we at on credit with these guys.

They won't sell me gas because they say we need to increase Enron Canada's
parental guarentee.

This is costing me deals and I need to know what is going on soon.

Thanx,

Chris


Dear Louise and Greg:

Fortune magazine's September article about your--virtually
overnight--success building EnronOnline prompted me to contact you, mostly
because our company's (Everypath, Inc.) wireless technology could be the
perfect tool to help you move the EnronOnline marketplace into wireless by
offering trading anytime, anywhere, via any wireless devices (as we've done
for E*Trade, Fidelity, and others offering complex wireless transactions).

Very briefly, our company has quickly gained real traction in this space.
We were honored as a Smithsonian Laureate this year, named by Forbes among
the 25 Best of the Web in business to business, and recognized by CNet as
one of ten "wireless companies to watch."   Our partners include Sun
Microsystems, Hewlett-Packard, Andersen Consulting and Cap Gemini Ernst &
Young, as well as many others, and have already raised significant funding
from investors such as Robertson Stephens, Comdisco, Dain Rauscher Wessels,
Sevin Rosen, U.S Venture Partners, Andersen Consulting Ventures, Sun, and H
& Q.

If you see commodities trading moving soon into wireless,  just as you saw
(or influenced) the industry to move online, shouldn't Enron lead the way in
wireless trading too?  We would love the opportunity to talk to you about
helping you go wireless.

Let me know if I should follow-up with you or someone else in your group by
sending an email or calling at any of the numbers below.  I look forward to
hearing from you, and to coming home to Houston to speak with you further
about this (I practiced law in Houston for years with Weil, Gotshal &
Manges--over in the NationsBank building on Louisiana).

Sincerely, David Marcus

 <<...OLE_Obj...>>

David Marcus
Senior Corporate Counsel
Everypath, Inc.
2211 North First Street
Suite 200
San Jose, CA  95131
direct (408) 562-7978
cell (650) 281-9010
fax (408) 562-8100
www.everypath.com

 <<...OLE_Obj...>>

David Marcus
Senior Corporate Counsel
Everypath, Inc.
2211 North First Street
Suite 200
San Jose, CA  95131
direct (408) 562-7978
fax (408) 562-8100


Can you give me the name of the lady who spoke at  a summer meeting from the
University of Houston also  the author of  THE COLOR OF MONEY?

Many thanks!

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Please note that I will be out of the office for the remainder of the day
attending an offsite meeting.  If you should require any assistance, please
contact my assistant Esmeralda Gonzalez at Ext. 5-7621.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Ted tells me you guys have already taken action on this which greatly relieves me. I did not want this procrastinated on. I have a meeting scheduled with Rick Causey and will get up to speed on what exactly what has transpired prior to that meeting. Thanks for giving this your immediate attention. Rick


pls send emma's resume to Lou Soldano.   Lou, please give me a call if you
have any questions about this lady.  Thanks.


-----Original Message-----
From: 	Panus, Stephanie
Sent:	Friday, October 19, 2001 10:29 AM
To:	'TWise@gasbiz.com'
Cc:	Lebrocq, Wendi
Subject:	RE: Confidentiality Agreement with Enron

Mr. Wise,
Below are responses to your comments on the proposed Confidentiality Agreement.

Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com

 -----Original Message-----
From: 	Tim Wise <TWise@gasbiz.com>@ENRON
Sent:	Wednesday, October 17, 2001 1:11 PM
To:	Panus, Stephanie
Cc:	Lebrocq, Wendi
Subject:	RE: Confidentiality Agreement with Enron

Dear Ms. Panus,

I have reviewed the Confidentiality Agreement which you supplied with our
in-house legal staff and we have highlighted proposed changes in blue with
reference to the following issues:

1)  Description of "Representative" was too broad.  We feel accessing
information by employees and officers of Enron's Treasury Department should
be satisfactory for purposes of reviewing the credit.

[Panus, Stephanie]  While the definition of "Representative" is broad, it is limited to those persons who will evaluate, negotiate, and finalize the Transaction.  There may be persons working on this who are from different departments/affiliates.

2)  We do not see a reason why the information cannot remain confidential
indefinitely.
[Panus, Stephanie]
We can agree to a two year term.  Pursuant to the terms of the Agreement, you can request the return of all documents submitted to Enron.  The information to be submitted does not retain its value indefinitely.

3)  Since California Energy Exchange Corporation is the Disclosing Party,
the jurisdiction governing this agreement should be California.

[Panus, Stephanie]  We cannot agree to California law, but can agree to New York law.

4)  It is our experience that an Arbitration requirement is not typical for
a Confidentiality Agreement.

[Panus, Stephanie]  We use arbitration for settling all issues other than for injunctive relief.

Let me know if the proposed changes are acceptable.  If you could fax back a
signed copy today, I can send financials to you via Federal Express for
delivery to Wendi Lebrocq by tomorrow.

Thanks and best regards,

Timothy O. Wise, VP Finance
California Energy Exchange Corporation
2981 Gold Canal Drive
Rancho Cordova, CA  95670
Direct	(916) 463-0304
Main		(916) 859-4710
Fax		(916) 859-4747
E-Mail	Twise@gasbiz.com

-----Original Message-----
From: Panus, Stephanie [mailto:Stephanie.Panus@ENRON.com]
Sent: Wednesday, October 17, 2001 7:13 AM
To: Twise@gasbiz.com
Cc: Lebrocq, Wendi
Subject: Confidentiality Agreement with Enron

Mr. Wise,
Attached for your review is the form of Confidentiality Agreement which
Enron prefers.  Such Agreement provides more protection for the
Counterparty and limits the Agreement to a term of one year.

If such Agreement meets with your approval, we will prepare execution
copies.  If you have any questions or comments, please contact me via
email or at the number below.

 <<031CA(calif en xchg).doc>>

Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com

**********************************************************************
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.
**********************************************************************

 - edited 031CA(calif en xchg).doc << File: edited 031CA(calif en xchg).doc >>


Rick - We are disseminating the press release around to our contacts at the
legislative level. Will be starting the high level contacts soon. Given
that FERC filing will not be made until 12/31, did not view this as
necessarily a pre-Thanksgiving item.

                    "Shapiro,
                    Richard"                 To:     <ken.e.randolph@dynegy.com>
                    <Richard.Shapiro@        cc:
                    enron.com>               Subject:     FW: Dynegy/Enron Point of Contact

                    11/14/01 10:55 AM

Ken: What are your thoughts on Capitol Hill outreach around the
acquisition? We'll clearly follow your lead, but are prepared to provide
whatever assistance you desire. Thanks.
>  -----Original Message-----
> From:   Shelk, John
> Sent:   Wednesday, November 14, 2001 10:36 AM
> To:     Shapiro, Richard
> Cc:     Robertson, Linda
> Subject:     RE: Dynegy/Enron Point of Contact
>
>
>    Are there any plans for either Enron or Dynegy (or both) to
> initiate information dissemination to Capitol Hill, as is usually
>    done in these situations?  This is what I have experienced when
> on the Hill and when representing companies either
>    being acquired or doing the merger/acquisition.  Our friends on
> the Hill will wonder where we and they have been,
>    particularly if, as is likely, we may need them later on.
> Better to get in with them on the ground floor.  I know there is a
>    lot going on, but it would be beneficial to the merger approval
> process to at least have informal contacts starting this week
>    before they leave for Thanksgiving.
>
>    Thanks for the conference calls to keep us up to date and for
> being candid in doing so.
>
>    John
>
>  -----Original Message-----
> From:   Dernehl, Ginger   On Behalf Of Shapiro, Richard
> Sent:   Wednesday, November 14, 2001 11:31 AM
> To:     Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray;
> Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Binns, Darran;
> Bolton, Scott; Boston, Roy; Buerger, Rubena; Burns, Stephen; Canovas,
> Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney,
> Carolyn; Dasovich, Jeff; Decker, Larry; Dernehl, Ginger; Dressler,
> Jean; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna;
> Gottfredson, Bryan; Guerrero, Janel; Hamilton, Allison; Hardy Jr,
> John; Hartfield, Rita; Hawkins, Bernadette; Hemstock, Robert; Hetrick,
> Nancy; Hoatson, Tom; Hueter, Barbara A.; Hunter, Bevin; Huson,
> Margaret; Ibrahim, Amr; Kaufman, Paul; Kean, Steven J.; Keene,
> Patrick; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie;
> Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawrence, Linda
> L.; Leibman, Lara; Leonardo, Sam; Levy, Alberto; Lindberg, Susan;
> Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker,
> Maureen; Migden, Janine; Miller, Terri; Montovano, Steve; Moore, Bill;
> Nersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue;
> Noske, Linda J.; Novosel, Sarah; O'connell, Earlene; Ogenyi, Gloria;
> Palmer, Germain; Perez, Carmen; Perez, Gus; Perrino, Dave; Petrochko,
> Mona L.; Pharms, Melinda; Reyna, Margo; Rishe, Frank; Rizzo, Helen;
> Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy;
> Ryall, Jean; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines,
> Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup,
> Kerry; Stubbings, Randy; Sullivan, Kathleen; Sullivan, Lora; Thome,
> Jennifer; Tiberi, Fino; Twiggs, Thane; Walton, Steve; Warner, Geriann;
> Yeung, Charles; Yoho, Lisa
> Subject:     Dynegy/Enron Point of Contact
> Importance:  High
>
> As the merger between Dynegy & Enron goes through, any calls received
> requesting documentation or information regarding the merger should be
> relayed to me. I will be the point of contact for all Dynegy/Enron
> information requests.
>
>

**********************************************************************
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.
**********************************************************************


Enron CEO Steve Cooper's voicemail transcripts are now available on the Enron intranet at:  http://home.enron.com/updates/ including his Friday, February 22, 2002 voicemail.

In case you have missed a previous message, the transcripts for his voicemails on January 29, February 8, and February 14 are included, as well.


Thank you for sending this.  If only you sent it a couple hours earlier.
Just kidding.  T Boone must have heard this because he sold everything
today.   9000 contracts.
John

	From:  Jennifer Fraser                           09/28/2000 03:35 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: PIRA Annual Seminar Preview

Hey JA:
I was at PIRA today and got a preview of their presenation on Oct 11-12 for
their client seminars.
(Greg Shuttlesworth)
Summary:
They have turned a little bearish becuase
They believe that distillates will cap gas ( get some to graph HO, CL, NY
No.6 1% and TZ6 Index  and NX3) the picture is very convincing
Supply is increasing at a faster pace (1Bcf/d more in Q4 and expect
incremental 2 BCF/d next summer)
Canadian production is increasing
Deep water GOm is increasing
Lastly, Shallow water GOM is also improving after years of decline

Demand
modest in 01/02
more efficient gas turbine
economic moderation

Near term
Yes it looks a little ugly this winter
Possibility of shocks in the shoulder ( low storage and early summer heat in
Apr-May 01)

Call me or write if you call for more details. I am also faxing you their
fuel substitution slide---- it looks at up to 5 BCF/d being put back into the
supply chain.

Thanks
JF


1988 Jeep Cherokee Laredo, good condition, 4WD, A/C, automatic windows and
locks, cruise control, 100,000+miles, will take $2000.  Please call Jonathan
at 713-853-7910.


Wendy,

I did not. I shall send somebody to your location to pick it up.

Vince

Wendy King@ENRON
08/03/2000 01:12 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Backwardation hedge strategy

Hi Vince,
Just curious if you had a chance to review the docs I sent yet?

thx
Wendy
X35814


Spoke with Steve about the swap question.  He wants to talk with you about
this before circling back to Knippa.  If you don't hear from him, and want to
call him, his # is 281-350-8441.

Re. TW's exposure if we authorize ECS to lock in too early:

If TW defaults under the CSA, it must hold ECS harmless with regard to
expenses incurred by ECS in the assignment of the electric supply agreement
and pay ECS whatever is owed under the agreement.  No other specific damages
are addressed, and the agreement specifically prohibits the recovery of
consequential, incidental or indirect losses or damages.  (Section 9.2
provides for reimbursement for ECS's reasonable costs in providing
Compression Services, but only in the event TW uses its FERC out.)  The Gas
Conversion Agreement provides for termination of the agreement in the event
of default by TW under the CSA, and obligates TW to reimburse ECS for ECS's
costs and expenses incurred in unwinding the forward sale of natural gas
volumes to be delivered to ECS under the agreement.

Other questions -- let  me know.


have a good evening sir

 - Quotes 0103.xls


Ken Lay spoke with several California CEOs this morning and urged them to get
personally involved in pushing for a comprehensive set of reforms.  Three
expressed willingness to help.

Scott McNealy (Sun):  contact person - Piper Cole (piper.cole@sun.com);
scott.mcnealy@engeng.sun.com.  Mcnealy wants, by close of business today, a
"cheat sheet" of the talking points to use with politicians (the "8 or 10
elements of the solution") with the expected comeback he may hear from the
political leaders and our response to that comeback.  He says he hasn't spent
time working on issues in Sacremento so we may also want to include a list of
suggested contacts.
Kevin Sharer (Amgen): contact person - Sarah Jensen, VP of Engineering and
Operations (805.447.6785); ksharer@amgen.com.  Sharer wants the same
information as McNealy and he and McNealy both indicated their willingness to
call a meeting of other California CEOs.  Sharer will also be having
breakfast with Hertzberg one week from today.
Robert Day (Trust Co of the West):  said that he is very close to the mayor
of Los Angeles.  He urged Ken to call the mayor (mentioning Day).  Ken would
like some talking points for that call.

Jeff - please put these items together.


Sorry, I think you should talk directly with Rosalee.

	Karen Owens@EES
	02/27/2001 01:05 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: Re: Ken Lay, Good Guys Award

Steve, I was wondering if you have any information for me or should I speak
with someone else?  Thanks, Karen

Karen Owens
02/16/2001 11:52 AM

To: Steven J Kean/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron
Subject: Re: Ken Lay, Good Guys Award

Steve,

Do you have any information for me regarding this?

Karen

Karen Owens
02/12/2001 10:12 AM

To: Steven J Kean/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron
Subject: Ken Lay, Good Guys Award

Steve,

Lou's sister, Sue Yang, is a member of the National Women's Political
Caucus.  This organization has an annual award called "Good Guys" award,
honoring nationally known men who have supported women on women's issues.
This year they would like to honor Ken Lay, if he is interested.  Sue does
need to know if he supports the equal rights amendment and particularly the
pro-choice amendment as her organization is a pro-choice organization.

Sue can be reached at 908-707-0022 if you would like to speak with her.

Please advise on the above.

Karen


Mark,

With the completion of the Senior Management Report for March now complete we
need to start on the April report.   Please fill in the EA numbers for April
when they are available and return this spreadsheet to me.

Thanks,
Hollis


Subject: FW: Texas version of Survivor

We're told top aides at the Bush campaign headquarters in Austin were
in hysterics upon hearing that network television is developing a
Texas version of "Survivor," the popular TV show.

Contestants must travel from Amarillo through Fort Worth, Dallas,
Houston, San Antonio, and back to Amarillo, through San Marcos and
Lubbock, driving a Volvo with a bumper sticker that reads: "I'm for
Gore, I'm Gay and I'm Here to Take Your Guns."
If anybody finishes, they win.

_______________________________________________________


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/30/2001
05:19 PM ---------------------------

	From:  Jason Sokolov                           04/30/2001 05:03 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Energy Derivatives Project Tracy Pan Part 4

---------------------- Forwarded by Jason Sokolov/HOU/ECT on 04/30/2001 05:03
PM ---------------------------

Tracy Pan <pcp@pop.ruf.rice.edu> on 04/30/2001 11:11:35 AM
Please respond to pcp@rice.edu
To: Jason.Sokolov@enron.com
cc:
Subject: Energy Derivatives Project Tracy Pan Part 4

Jason,

I've send a total of 4 files to you.  If you find any problem with the
files, please let me know.

Thanks.

Tracy
-----Original Message-----
From: Jason.Sokolov@enron.com [mailto:Jason.Sokolov@enron.com]
Sent: Monday, April 30, 2001 8:16 AM
To: pcp@rice.edu
Subject: Re: About the Energy Derivative Project

Tracy,
Break it down into 8000 files of 1 kB, and send each one in a separate
mail.

Just kidding!
Try to send the whole thing.
If one of the servers refuses to accept it, then break it down into several
pieces.
I know for sure that I can take files as large as 2MB.

Jason

 - 665 Team Project--Tracy Pan Part 4.xls


Here's today's version.

Michael is still running a fairly high fever, so it would be a big help if we
can talk via phone.

Kay


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:10 PM -----

	John Neslage@ENRON_DEVELOPMENT
	02/26/2001 06:23 PM

		 To: Jeff Dasovich/Na/Enron@ENRON, Leslie Lawner/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron
		 cc: Joe Hartsoe/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON,
mpalmer@enron.com, Paul Kaufman/PDX/ECT@ECT@ENRON, Richard
Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Scott Govenar
<sgovenar@govadv.com>, skean@enron.com, Susan J Mara/NA/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Janel Guerrero/Corp/Enron@Enron, Mary
Schoen/NA/Enron@Enron
		 Subject: Re: Bullet Points on EPMI Intervention in Mirant proceeding against
CAISO before FERC

Attached below is a summary of Enron Power Marketing's Motion to Intervene in
the Mirant v. CAISO proceeding before FERC.  Please let me know if you have
any questions or comments.

Thanks

John


It would be nice if you could be at my dinner, since I probably won't know
anyone else.  Anytime you want to go to lunch to check on the house status,
I'd be glad to go...


Drink Plenty of Water"
>
>  I've heard it. I've read it. As long as I have been running, it's
>  always been the same message: "drink plenty of water."
>
>  All along most race courses are water stations, and most runners slow
>  down to drink a cup of cool water. Keeping your water level up is
critical
>  when you run. If you get slightly dehydrated, you will not run well. If
you
>  get moderately dehydrated, you will become disoriented. If you get
>  seriously dehydrated, you can die. It's serious business.
>
>  The first year I ran was 1991, and I was inexperienced (also younger,
>  slimmer, stupider, etc.) I passed water stop after water stop,
>  occasionally drinking a swallow or two. I felt good, and I wasn't going
to
>  waste
>  precious seconds drinking water, even though it was a hot, humid day.
>
>  Big mistake. As I neared the final mile, I "hit the wall." My energy
>  level dropped to zero, I began having to walk some, and I realized I
would
>  have to work hard just to finish. I did make it across the line, but only
>  with
>  a tremendous headache and hardly enough energy to walk. It was not much
>  fun.
>
>  I learned an important lesson that year. Stopping for water doesn't
>  actually slow you down. In fact, you will run a better race if you do
drink
>  water. The bottom line is that your body is simply not designed to
function
>  without water.
>
>  In the same way, your spiritual stamina depends on stopping for regular
>  drinks of "spiritual water." The dilemma for busy believers is finding
>  time to invest in reading the Word and meeting with God in prayer. Like
the
>  runner intent on reaching the finish line, we tend to put off those
>  regular drinks of water until we are totally parched.
>
>  But in the long run, you will run a better race if you will stop for
>  spiritual water. In fact, finishing the Christian race at all may
>  depend on it. And runners who don't ever slow down to take a drink often
>  stumble
>  off the course far short of the finish line.
>
>  In this year's race, I saw a man become dehydrated just a mile from the
>  finish. Strangely, he didn't seem to recognize that anything was wrong.
>  He was swaying from side to side as he walked, mumbling over and over,
>  "I'm fine. I'm fine." He was so disoriented that he didn't even recognize

>  his own sick condition.
>
>  If you let yourself become spiritually dehydrated, you may not even be
>  able to recognize it. Stop today to drink some cool "living water." For
>  serious runners, it's a must.
>
>
>  "Now on the last day, the great day of the feast, Jesus stood and cried
>  out, saying, 'If any man is thirsty, let him come to Me and drink. He
>  who believes in Me, as the Scripture said, From his innermost being
>  shall flow rivers of living water.'"
>  John 7:37-38
>
>
>  Don't forget to pass this on!
>
>
>  brought to you by:Daily-Blessings
>
>  http://www.daily-blessings.com/bless190p.htm
>
>


Jeff:

Please email this to me (maybe you already have) and I will send it to this
man (Mike Jines).

Thanks.
---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/16/2001
08:58 AM ---------------------------

mike_jines@imcingular.com (Mike Jines) on 05/16/2001 08:20:01 AM
To: skean@enron.com
cc:

Subject: Plan B

Can you please fax me a copy of the Plan B document?  My fax number is
713-207-0116. Thank you.


Yes, as long as the Tiger lawyers do their bit.  Please call Susan Bailey
about the guaranty and she can have it prepared for execution.  Question:
Are we only preparing the Tiger guaranty or other animal guaranties as well?
SS

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Tiger

Email works fine. It must be a drag trying to work when you can't discuss the
issues. Do you think we have a good chance of getting to signed docs next
week? Have we gotten the process going to have our gtee issued now that the
wording is agreed? (You mentioned it takes some time to get that pushed
through the proper channels).

Per

Sara Shackleton
10/22/99 09:41 AM
To: Per Sekse/NY/ECT@ECT
cc:
Subject: Tiger

I still can't talk.  I think that our response should be final except that
there may be some agreed to changes on the L/C side.  Carol St. Clair is
addressing that with Jennifer and Miriam.  In any event, I believe that Tiger
needs to "OK" our response of yesterday since there were some errors on their
redraft.  Marie is not in the office today.  If you want to speak to a
person, call Susan Bailey and she can come into my office and we can manage.
Have a good weekend.  Sara


-----Original Message-----
From: 	"Cagle, Donna" <DCAGLE@mariner-energy.com>@ENRON [mailto:IMCEANOTES-+22Cagle+2C+20Donna+22+20+3CDCAGLE+40mariner-energy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, June 29, 2001 9:27 AM
To:	Edison, Deborah J.
Cc:	Melendrez, Jesus
Subject:	Mariner Management Meeting Minutes

 <<6-28-01.doc>>  <<SUMMARY.xls>>

Donna M. Cagle
Executive Administrator to President & CEO
Mariner Energy, Inc.
580 WestLake Park Blvd., Suite 1300
Houston, TX  77079
281/584-5511 (phone)     281/584-5515 (fax)
dcagle@mariner-energy.com

 - 6-28-01.doc
 - SUMMARY.xls


Jeff,

Here is the application from SPB.  I guess they want to use the same form as
a new loan application.  I have a call in to Lee O'Donnell to try to find out
if there is a shorter form.  What do I need to be providing to the buyer
according to the contract.  I was planning on bringing a copy of the survey
and a rentroll including deposits on Monday.  Please let me know this morning
what else I should be putting together.

Phillip

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/16/2001
08:47 AM ---------------------------

"O'Donnell, Lee (SPB)" <LODonnell@spbank.com> on 02/15/2001 05:36:08 PM
To: "'Phillip.K.Allen@enron.com'" <Phillip.K.Allen@enron.com>
cc:
Subject: RE:

I was told that you were faxed the loan application.  I will send attachment
for a backup.  Also, you will need to provide a current rent roll and 1999 &
2000 operating history (income & expense).

Call me if you need some help.

Thanks

Lee O'Donnell

-----Original Message-----
From: Phillip.K.Allen@enron.com [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, February 15, 2001 11:34 AM
To: lodonnell@spbank.com
Subject:

Lee,

My fax number is 713-646-2391.  Please fax me a loan application that I can
pass on to the buyer.

Phillip Allen
pallen@enron.com
713-853-7041

 - Copy of Loan App.tif
 - Copy of Multifamily forms


Mark:  I am totally confused.  WHO is addressing CFTC issues for MG London,
Inc.?  What is Alan's involvement?  SS
----- Forwarded by Sara Shackleton/HOU/ECT on 08/14/2000 08:12 AM -----

	Justin Boyd
	08/14/2000 01:43 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: MG

Sara,

Thanks for your message.  Perhaps we can speak over the next day or so.

As far as MG's business is concerned from NYC and the US, the legal support
will be managed from Houston (Alan Aronowitz and Marcus Nettelton)  - I
believe they will shortly be visiting NYC.

I would very much appreciate your support re: other legal issues, CFTC, etc

Thanks.
Justin


---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/20/2000
05:43 PM ---------------------------
Beth Perlman @ ECT   07/19/2000 06:07 PM

To: John J Lavorato/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Hunter S
Shively/HOU/ECT@ECT
cc: Stephen Stock/HOU/ECT@ECT

Subject: GRMS Slowness

I said at yesterday's meeting that I would get back to you concerning the
speed issues of the V@R calculations - here's the response...

I spoke with Steve Stock, the Director of RAC systems.  He agreed that there
are performance problems and this is being addressed in a technology review
being conducted by my application architecture group.  There are plans to
re-architect the application so it can handle real time calculations.  Once
the results of the review are known - I will be more than happy to share them
with you.  The V@R process currently takes 11 hours from start to finish.  We
also find this unacceptable!

Also, the front end is very slow in accessing data.  There is a new front end
in development that will address these problems.

I'll keep you posted as new developments occur.

Beth


i would love to play the saints.  as i recall we ran right through that great
defense.


Harlan E. Murphy
Enron Wholesale Services - Legal
1400 Smith Street, EB 3811
Houston, Texas 77002
Tel: 713.345.2679
Fax: 713.646.3490
E-mail: Harlan.Murphy@Enron.com

 -----Original Message-----
From: 	"David C Rosen" <drosen@cgsh.com>@ENRON
Sent:	Tuesday, November 27, 2001 3:05 PM
To:	Murphy, Harlan; Cook, Mary
Cc:	john.powers@americas.bnpparibas.com; Lech.Kalembka@cwt.com; shaun.pacious@americas.bnpparibas.com; Edward J ROSEN; Penny Christophorou
Subject:	Interim Draft of x-affiliate netting agreement

Ladies and Gentlemen:

I have attached a clean version of the Master Netting, Setoff and Security
Agreement , a cumulative redline against the draft distributed by Harlan
last night, and an incremental redline again my earlier distribution
reflecting BNP Paribas' additional comments as well as our 11:30 call.

Yours truly,

David Rosen
Not yet admitted to the bar

Temporary Location Information:
Cleary Gottlieb Steen & Hamilton
153 E. 53rd Street (Citigroup Center)
38th Floor
New York, NY 10022

Phone: (212) 572-5398
Voicemail: (212) 572-5202 x2532
Mobile: (646) 479-3283
Fax: (212) 572-5399
Email: drosen@cgsh.com; dcrosen@home.com

(See attached file: incremental redline.doc)(See attached file: Cumulative
redline.doc)(See attached file: X-Affil Netting Agreement v.3.doc)

 This message is being sent from a law firm and may contain information
which is confidential or privileged.  If you are not the intended
recipient, please advise the sender immediately by reply e-mail and delete
this message and any attachments without retaining a copy.

 - incremental redline.doc
 - Cumulative redline.doc
 - X-Affil Netting Agreement v.3.doc


Attached hereto is a revised draft of the letter to AEP that will accompany Jim's schedules.  Please let me know if you have any comments.  Thanks

 -----Original Message-----
From: 	Coffey Jr., Jim
Sent:	Wednesday, October  3, 2001 9:56 AM
To:	Koehler, Anne C.; Redmond, Brian; Martin, Thomas A.; Schwieger, Jim
Cc:	Edison, Andrew; Gray, Barbara N.; Washington, Deanna; Baumbach, David
Subject:	Updated Support for Settlement Letter to AEP

Anne

I left the following in your office this morning:

1) Correspondence and Gregg Modeling inovice totalling $107,635.  We feel that this is an issue that AEP needs to settle directly with Gregg Engineering.

2) D.L. Peterson Trust invoice totalling $22,152 for a truck.   AEP has paid the invoice dated 5/24/01 and asked us for reimbursement.  However we see this as a non-emergency purchase right before close that was not properly authorized by Brian.

Also attached is an updated Inventory and Working Capital Calculation Statement.  I have updated based on the change in the prime rate yesterday.

 << File: Inv_WC_true_up.xls >>

Call me at 3-5346 if you need anything else.

Jim


Information Risk Management ) IT Security and Standards Notice

Passwords
The key to maintaining information and systems security is the use of
well-selected and guarded passwords.  Please remember, your password is our
first line of defense. It is important that:
? Your password should be unique and only known to you.
? Your password should never be shared with someone else.
? A password must never be written down (i.e. post-it notes), stored in files
on personal computers, at workstations, hidden under keyboards, configured on
terminal hot-keys, etc.
? Passwords must be changed every 60 days.

Strong password selection criteria will soon be automated for all employees.
For instructions on selecting a good password or to the view the company
password policy and standards, click here:
http://itcentral.enron.com/data/policiesandprocedures/ITPasswordScreenSaver

Please keep in mind that the Enron Conduct of Business Affairs holds
employees responsible for password security.  Information Risk Management
conducts periodic audits to ensure compliance with company policy.

For any problems encountered concerning password controls, please call your
appropriate Help Desk (available: 24Hrs./day, 7 days/week).


PS  Ask me how tired of this bleeping issue I am.  Hang in there.

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, October 23, 2001 6:26 PM
To:	Dasovich, Jeff
Subject:	RE: Total DA Load at 5.7% as of 8/31

Yeah.  Guess we do have to worry about that.   I was thinking it would apply to our receivable, not the total under collection, but that would not make sense.  Maybe the other idea will work.  It gets difficult to continue to think of ways around some of these problems.  Thanks,
Wanda

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October  23, 2001 6:16 PM
To:	Curry, Wanda
Subject:	RE: Total DA Load at 5.7% as of 8/31

Do we run the risk of them saying, Enron, on average your customers represented 5% of the load, therefore you owe us 5% of the undercollection, or $3B * 0.05 = $150M?  That's my biggest concern.  Thoughts?

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, October 23, 2001 5:58 PM
To:	Dasovich, Jeff
Subject:	FW: Total DA Load at 5.7% as of 8/31

What do you think about the % of load argument?  This is Sue's e-mail.

Wanda

 -----Original Message-----
From: 	Mara, Susan
Sent:	Monday, October  1, 2001 2:25 PM
To:	Kean, Steven J.; Belden, Tim; Sharp, Vicki; Blachman, Jeremy; Comnes, Alan; Tribolet, Michael; Walsh, Kristin; Delainey, David; Leff, Dan; Frazier, Lamar; Keeney, Kevin; Gahn, Scott; Swain, Steve; Lavorato, John; Kaufman, Paul; Steffes, James D.; Calger, Christopher F.; Mara, Susan; Black, Don; Richter, Jeff; Kitchen, Louise; Dietrich, Janet; Mara, Susan; Robertson, Linda; Kingerski, Harry; Denne, Karen; Palmer, Mark A. (PR); Shapiro, Richard; Curry, Wanda; Mellencamp, Lisa; Higgason, Kelly; Whalley, Greg; Mellencamp, Lisa; Dasovich, Jeff
Subject:	Total DA Load at 5.7% as of 8/31

The new data are out from the CPUC.  Only reported as of 8/31/01.

 << File: DA Load as of 8-31-01.doc >>


Hey Tana.

I got a call this morning from someone in the DB offices in London who seems to think that the issues between us, relating to
EOL I guess, are all settled - and she'd like to know where we'll be signing their assignment agreement.  Can you give her
a call:

011 44 207 547 0883

I think her name is Sara - but I listened to her messege 4 times, and can't really make out what she said her name was.

Thanks,
Diane

 -----Original Message-----
From: 	Jones, Tana
Sent:	Monday, October 08, 2001 4:14 PM
To:	Anderson, Diane; Panus, Stephanie; Bailey, Susan; Heard, Marie
Cc:	Greenberg, Mark
Subject:	RE: ? re: Bankers Trust/ Deutsche Bank

We are waiting for Mark Greenberg to finalize the negotiations on the amendment to the online ETA for DB.  We would like to shut down BT from all financial trading.  However, what we found was that DB will not execute the online ETA without some revisions.  Mark is negotiating an amendment to the ETA with DB.  Meanwhile, BT had already been trading online.  Since that cat was already out of the bag so to speak, DB didn't want to shut them down from trading without having another avenue to trade, so we are continuing to trade as BT.  We do not want to do this FOREVER, HOWEVER, so we do need to get BT SHUT DOWN.

HOW GOES IT MARK????
 -----Original Message-----
From: 	Anderson, Diane
Sent:	Monday, October 08, 2001 4:04 PM
To:	Panus, Stephanie; Bailey, Susan; Jones, Tana; Heard, Marie
Subject:	? re: Bankers Trust/ Deutsche Bank

Howdy.  Can one of you guys remind me where we stand with this sort-of merged counterparty?
Last I recall while DB had bought BT, BT was still allowed to transact in its name - because we
hadn't yet renegotiated an ISDA for the combined entity.  Is that still where we stand?

HELP!!!!

:)

Diane


Enron's 3rd quarter blood drive will be held on Thursday, July 12, 2001, from 7am-4pm.  For your convenience,
	two mobile coaches from the M. D. Anderson Blood Center will be parked outside the Enron Building on Andrews
	Street.  Contact the Enron Health Center at Ext. 3-6100 or via email at: mailto:health.center@enron.com to
	schedule an appointment.  Walk-ins are welcome.

	Through our partnership with M. D. Anderson Cancer Center Enron employees assist not only the Houston
	community but also our employees and their families.  Let's continue the spirit of giving.


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/02/2001
07:58 AM ---------------------------

"Julie" <julie@lacimagroup.com> on 12/31/2000 06:35:22 AM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: book order

Vince,?Thanks for the book order and yes, you will get a discount.? I'll be
back in touch after the New Year.?Thanks,Julie?PS - there was glitch with the
book right before Christmas, so there will  be a slight delay with shipments
(should be no more than 2  weeks).


Who cares??????

"Cooper, Sean" <Sean.Cooper@ElPaso.com> on 02/26/2001 08:51:13 AM
To: "Cooper, Sean" <Sean.Cooper@ElPaso.com>
cc:
Subject: New email address

Please note that effective immediately my email address has changed to
 Sean.Cooper@ElPaso.com


FROM SANDI BRABAND:

Attached is an initial draft of a Gas Management Services and Agency
Agreement with Tenaska IV.  It should be reviewed internally only and not
forwarded beyond those on the above distribution list without first checking
with me or Barbara Gray.  Pat Radford, my assistant, will be making
arrangements for a meeting next week to discuss the agreement as well as the
Cornhusker structure generally.

I will be out of town until the 25th.  If there is an urgent issue that needs
resolution before my return, please contact Barbara Gray at 36832.


[IMAGE]
?
[IMAGE]

Tuesday, April 10, 2001 ? ?

Dear continental.com customer,

We're Changing To Serve You Better
This Thursday evening April 12th 2001, we are launching a new version of our
web reservations system, eService Online.  This marks the start of an
exciting new beginning as the reservations platform is 100% provided by
Continental.

We're making this change because our current product, while good, will not
provide us with the flexibility in the future to offer the features that will
make travel arranging easier and to tailor the online Continental experience
for you.

Here's What You Need To Know:

Your Profile
Your profile information, including your username (dbaughm) and password, has
been transferred to the new version of eService Online.  To protect your
personal information, credit card information has not been transferred.  You
will need to update your profile.

Your Itineraries
Information on your reservations created before April 12th will not be saved.
If you want to keep a copy for your records, you will need to print them
prior to 9pm/CDT April 12th.  This change does not affect the status of any
previous reservations and tickets, but you can not view them in the new
eService Online.

Signing In
To enhance security, you will have to sign in for each transaction session to
reserve and purchase flights.  This means you will have to use your password
each time.  To have your password e-mailed to you click here.  You are
strongly encouraged to sign in at the beginning of the travel arranging
process.

24 Hour Hold Option
To prepare for this Thursday's release we will be turning off the "Hold for
24 hours" option.  The "Hold" option will not be available between April 10
and April 12.

Here Are Some of the Changes

More eTicketing
The new eService Online offers expanded opportunities for electronic tickets
(eTickets).  We can now provide eTickets for code share flights operated by
Northwest Airlines or Northwest Airlink (CO5000-8059) and America West
Airlines (CO2000-2349).

Aircraft Seat Maps
We rearranged the seat map pages for easier viewing. We also enhanced the
seat selection process and enabled Elite-status available seating.

Pricing
The pricing system is enhanced to deliver more current fares based on your
selection of either "Search By Lowest Fares" or "Search By Schedule."  We
also added a gold star to denote "continental.com promotional fares," so you
know for certain when you receive a discounted, online-only airfare.

Customer Service
Our customer service is streamlined and enhanced as Continental employees now
handle all support for online inquiries and reservations services.

While we've made a number of improvements to the overall experience, this new
version may not, on the surface, appear to offer significant benefits.  These
changes lay the foundation for outstanding capabilities we have planned for
the future.  We welcome your comments and suggestions as we move ahead.
Based on feedback from customers, we're already at work adding enhancements.

Overall, we're confident that you will appreciate the changes and
improvements and look forward to continuing to serve you in the future.

Sincerely,
Continental Airlines Inc.

This is a one-time update e-mail.  You have been sent this e-mail as a
registered eService Online user to inform you of this change in service.

If you have questions or comments, or you would like to unsubscribe please
reply to: eservice@coair.com

This E-mail was sent to: don.baughman@enron.com

[IMAGE]
[IMAGE]

[IMAGE]


Here you go......

Dec 1  Hope
Dec 5  Rosalyn (Dis Hol)
Dec 6  Rufino (Dis Hol)
Dec 13 Laynie
Dec 14 Brad / Rosalyn
Dec 15 Brad / Rosalyn / Kevin / Brian
Dec 18 Rufino / Lisa K/ Rosalyn / Pam / Nicole
Dec 19 Rufino / Lisa K/  Pam / Nicole
Dec 20 Rufino / Lisa K/  Pam / Nicole / Hope
Dec 21 Rufino / Lisa K/  Pam / Nicole / Hope / Stacy
Dec 22 Rufino / Lisa K/  Pam / Nicole / Hope / Stacy / Rosalyn / Kristi
Dec 27 Tammy / Brian / Laynie / Brad / Rufino / Susan / Mike
Dec 28 Laynie / Rufino /  Susan / Mike
Dec 29 Laynie / Rufino /  Susan / Mike

Nicole


Brazil


Mona - we were just sorting through this with PGE Phase 2 and DG, with Roger,
Bruno and Jeff.   Questions are

 is it sufficient to take on issues in those cases, or is there something to
gain by expanding to SDG&E?  (I thought this was a pretty small market)
 lowering or even eliminating voltage differentials isn't by itself
anti-competitive (our VBUs may have just been taking advantage of an
irregularity in the previous rate design )  Do their new proposals have
legitimate cost-based differentials?  (I haven't seen them.)

I think we should roll this up with the PGE/DG discussion, figure out our
preferred policy position, and then see whether it merits any action.

Thanks.

Mona L Petrochko
11/04/99 12:38 PM
To: Roger Yang, Harry Kingerski/HOU/EES@EES
cc: Paul Kaufman, Susan J Mara/SFO/EES@EES, Jeff Dasovich/SFO/EES@EES, Susan
J Mara/SFO/EES@EES, Bruno Gaillard/SFO/EES@EES
Subject: SDG&E's Latest VBU Proposal

As you know, we participated in a one-day hearing on SDG&E's attempt to slam
through a rate design change that would affect the ability to do voltage
buy-up deals for large customers in SDG&E's service territory.  We received a
favorable PD, that should be voted out today, that denied SDG&E's request but
allowed them to make a more complete showing in their Rate Design Window
(RDW) Filing, yet another regulatory proceeding.  They have done so.

There were specific, strategic reasons why we protested SDG&E's VBU proposal
in the Post-Transition Proceeding:
1.  Specific rate design proposals that were not relevant to ending the rate
freeze were not within the scope of the post-transition filing, which is
where SDG&E made its proposal.
2.  SDG&E didn't provide a very thorough analysis for the cost reasons to
change the rate design.  The PD stated that the Commission was concerned
about rate design for "prized customers".
3.  We were concerned about the precedential affect such a rate design
proposal would have relative to the other utilities.
4.  At that time, we were still interested in offering facilities-based
services, like VBUs.

Distribution competition and interconnection issues associated with building
substations are within the scope of the OII on Distributed generation and
distribution competition proceeding, which seems to be the appropriate forum
for addressing the overall issue of the utilities' ability to thwart
facilities competition through anti-bypass rate design.  Despite the fact
that the overall policy will be determined in the DG proceeding, it seems
that the Commission is perfectly willing to address specific proposals in the
utility-specific proceedings (ie. PG&E GRC 2, SDG&E's RDW).

Now that it appears as though our business interest on facility-based
competition has waned, is there any interest in addressing the VBU issue in
SDG&E's RDW Proceeding?


---------------------- Forwarded by Tana Jones/HOU/ECT on 09/20/99 01:50 PM
---------------------------

Shari Stack
09/20/99 01:36 PM
To: John Suttle/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT
Subject: MAC as an Additional Event of Default

John: Thanks for taking the time to read the email. I have not had many
responses!

There are two reasons why I drafted the clause in this way.

1) It tracks the "cure" modification clause for Credit Event Upon Merger (and
I think the cures for both clauses need to be consistent).

2) The wording is useful because it describes what the written demand is
asking for - i.e. "performance assurance".

Maybe there is a more elegant way of expressing #2 - maybe we just use "for"
rather than "therefor". I was not the original drafter of the CEUM provision
so I don't know why it was written this way but in any event, the concept of
#2 needs to remain in clause in some fashion.

I will be out of the office from 9/22 to 10/3. Mark Taylor will be handling
matters in my absence so I will forward this onto him to decide.

Thanks,

Shari

---------------------- Forwarded by Shari Stack/HOU/ECT on 09/20/99 01:23 PM
---------------------------

	Enron North America Corp.

	From:  John Suttle                           09/20/99 11:07 AM

To: Shari Stack/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
cc:
Subject: MAC as an Addtional Event of Default

I just got around to reading the e-mail Shari sent us last week regarding the
new MAC language, and had a quick point on the MAC paragraph.  The last
sentence doesn't seem to read quite right.  I copied the paragraph below,
highlighted the area and thought you might want to take a look at it before
it goes into any contracts.  Does "therefor" belong in there?

(ix) The occurrence of a Material Adverse Change (as hereinafter defined)
with respect to Party A or Party B.  "Material Adverse Change" means, (a)
with respect to Party A, its Credit Support Provider,s Credit Rating is rated
below "BBB" by S&P; or (b) with respect to Party B, [insert as appropriate],
provided, however, that the foregoing occurrence shall not constitute an
Event of Default so long as in connection with or after such action or event,
the party experiencing the Material Adverse Change (&X8) provides (or causes
to be provided) to the other party (&Y8) within two Local Business Days of
Y's written demand therefor performance assurance in an amount satisfactory
to Y in its sole discretion.

Regards,

John Suttle
Non-Lawyer


In reference to Steve Kean and Cindy Olson's previous memo on the PRC,
one-hour classes for preparing and communicating performance feedback have
been scheduled.  If you would like to learn how to present feedback in an
effective and positive manner, please feel free to attend any of the
following classes:

Tuesday January 2 8:30 am to 9:30 am Room 49C4
    1:30 pm to 2:30 pm Room 49C4

Wednesday January 3 8:30 am to 9:30 am Room 20C2
    1:30 pm to 2:30 pm Room 20C2

Monday January 8 8:30 am to 9:30 pm Room 49C1
    1:30 am to 2:30 pm Room 20C2

Tuesday January 9 8:30 am to 9:30 am Room 49C4

Wednesday  January 10 8:30 am to 9:30 am Room 49C3
    1:30 pm to 2:30 pm Room 49C3

Thursday January 11 8:30 am to 9:30 am Room 49C4

NOTE:  Notification of attendance is not necessary.


No, they are not.  Risktrac DB not set up for NETCO.  Jeff just talked to me.  He wants it all done by Friday.  Will do.  Just can't take excuses anymore from idiots and need to go around them.

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, January 28, 2002 8:07 AM
To:	Valdes, John
Subject:	risktrac

Do you know if all of our books are set up and ready to go in risktrac, ready to report VaR?

KK


Hear is the info.  Let me know if you have any further questions.

---------------------- Forwarded by Eric Bass/HOU/ECT on 04/17/2000 03:08 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           04/14/2000 11:58 AM

To: Melissa Graves/HOU/ECT@ECT
cc: Susan Smith/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT
Subject: Re: Wellhead Accrual Income

Melissa,

As you know, as of Jan 01, 2000 the Wellhead Portfolio has been segregated
from the rest of HPLC's Physical Portfolio.  As a result of this segregation,
it has become much easier to analyze and manipulate this data so that monthly
"accrual value" can be determined.  This analysis has resulted in the
realization that the Wellhead Potfolio creates approximately $275,000 of
accrual value per month.  The main drivers of this accrual value are deals
that have rolled into evergreen status, accrual term deals,  actual volumes
greater than booked, half cent bid to mid spread, incorrect markings, and
value withheld from MTM because of accrual costs.  Of the above, Greg Sharp
will receive value associated with evergreen/accrual deals, actual volumes
greater than or less than booked, and deals incorrectly marked.  Tom will
keep value associated with his half cent bid to mid and accrual value needed
to pay accrual costs (such as gas quality issues).  The breakout of this
value has been on average 60% to Greg and 40% to Tom.  The following is a
breakdown of 1st quarter accrual value.

January-

Total Accrual Value = $266,504

Greg's Value       Tom's Value
Evergreen Value =                         $140,750     Bid to Mid =
$105,000
Accrual Value =                               $53,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $60,000           $118,000
Incorrect Marking =                       ($105,000)
Total Value =                                   $148,750

February-

Total Accrual Value = $289,305

Greg's Value       Tom's Value
Evergreen Value =                         $145,000     Bid to Mid =
$100,000
Accrual Value =                               $62,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $65,000           $113,000
Incorrect Marking =                       ($95,000)
Total Value =                                   $177,000

March -

Total Accrual Value = $292,145

Greg's Value       Tom's Value
Evergreen Value =                         $147,000     Bid to Mid =
$106,000
Accrual Value =                               $59,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $66,000           $119,000
Incorrect Marking =                       ($100,000)
Total Value =                                   $172,000

Let me know if you have any questions.

Eric

	Enron North America Corp.

	From:  Eric Bass                           04/07/2000 02:00 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Wellhead Accrual Income

Melissa,

Here are the accrual values for Q1.  More details to follow.

Jan - $266,504
Feb- $289,305
Mar - $292,145

Eric

	Enron North America Corp.

	From:  Melissa Graves                           04/07/2000 01:51 PM

To: Eric Bass/HOU/ECT@ECT
cc: George Weissman/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT
Subject: Wellhead Accrual Income

Eric,

Per Greg Sharp, he and Tom Martin discussed the Wellhead Accrual Income
numbers today, and Effective Q1 2000, Greg will begin recognizing this
accrual income in his financials.

It is my understanding that the new Wellhead Portfolio in Sitara assists you
in calculating this monthly number (which is estimated at $170,000 per
month).  Could you please provide the detail behind this calculation, or if
this data is pulled directly from Sitara, George and I could meet with you to
become familiar with this data extraction process.

Thank you,
Melissa
X39173


No problem.  Prudent actions given the circumstances.

 -----Original Message-----
From: 	Fallon, Jim
Sent:	Sunday, November 18, 2001 11:20 AM
To:	Bowen Jr., Raymond; Colwell, Wes; Delainey, David W.; Dietrich, Janet; Fallon, Jim; Haedicke, Mark E.; Horton, Stanley; Lavorato, John; Mcconnell, Mike; McMahon, Jeffrey; Sherriff, John; Whalley, Greg
Subject:	Analyst & Associates

Billy Lemmons & I met on Friday regarding the Analyst and Associate program.  We would like to implement the following action items as it relates to the program.  Let me know if you have any concerns or questions with the items below:

Action Plan
Halt all recruiting efforts
Rescind offers with start dates thru end of February 2002
No change (as of now) with offers starting Summer 2002
Complete several internal transfers into program - stop all future internal transfers into program
Immediately cut 4 and 5 rated Associates and Analysts
Reduce remainder of group consistent with commercial organizations
Roll A/A program into HR reporting to David Oxley
Reduce administrative staff significantly

Current Program
Approximately 520 A/A in Western Hemisphere, with 35 staff
Approximately 225 A/A in Eastern Hemisphere, with 9 staff


Opps.

Steve Montovano
03/06/2001 02:06 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: NJR LOI

I still don't have a copy of the final LOI!  Please send to me at your
convenience.  Thanks!

Kay Mann
03/06/2001 09:16 AM
To: Steve Montovano/NA/Enron@Enron
cc:
Subject: Re: NJR LOI

Great trip back.  I spent yesterday in Clarksdale Mississippi.  Don't make a
point of spending your vacation there!

Can you email me Glenn's info so I can send him the hard copy?

I enjoyed our time together, and look forward to more adventures.

Kay

Steve Montovano
03/05/2001 08:22 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: NJR LOI

Kay - I hope travel back to iah was uneventful.  Please email me a final copy
of the LOI that was eventualy signed by NJR.  Thank you! Steve


Sounds like progress.

	From:  Gregg Penman                           09/27/2000 03:49 PM

To: Mary Lynne Ruffer/HOU/ECT@ECT, Sam Round/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron

Subject: Initial Funding of enovate account

Hello - In order to cross one more item off of the enovate setup list, I
would like to pursue the initial capital contribution required under the LLC
agreement of $100,000 from each member.  Although we do not have loan
facilities in place or final cash management protocol, I believe the initial
funding can still take place.  If anyone has any other thoughts please let me
know.  If not, I would like to schedule the initial funding for Friday,
October 6th.  I believe that Mary Lynne will prepare the necessary vouchers
and journal entries.  I am assuming that Enron MW, L.L.C., as Member, will be
funding enovate, L.L.C.  Does ENA then fund Enron MW, L.L.C.? (Kay? Mary
Lynne?)

As an update - Peoples' Board meets next Wednesday, Oct. 4th to approve the
risk management policy.  Assuming approval, enovate will be free to transact
with third parties.  Therefore, depending on payment terms, money will begin
flowing through the enovate account.  Therefore, any loan docs and service
agreements should be in place by the second week of October.

Any thoughts, please let me know.

Thanks,

Gregg


Hi Kim:
Any luck withJackie re: getting together to start the project?

And if there's anything else I can do re: your meeting on Monday, don't
hesitate.  Leave me a voicemail and let me know how the meeting goes.  I'll
be in Vancouver with the EBS gang Monday/Tuesday, and if all goes well maybe
I can chat up some folks while I'm there.

Best,
Jeff


Janette and I are going to lunch today if you want to join us.

Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


-----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Monday, January 28, 2002 3:12 PM
Subject:	January 2002 Cash Out Indices

January 28, 2002

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Cash Out Indices - January 2002

    FT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2975        2.2300     2.4700
  Zone 2                2.3069        2.1650     2.5075
  Zone 3                2.3163        2.0850     2.5450
  Zone 4                2.3292        2.0969     2.5589
  Zone 5                2.3864        2.1496     2.6206
  Zone 6                2.4327        2.1923     2.6705

    IT                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2975        2.2300     2.4700
  Zone 2                2.3069        2.1650     2.5075
  Zone 3                2.3163        2.0850     2.5450
  Zone 4                2.3699        2.1376     2.5996
  Zone 5                2.5721        2.3353     2.8063
  Zone 6                2.7269        2.4865     2.9647

   FTG                   AVG.          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2975        2.2300     2.4700
  Zone 2                2.3069        2.1650     2.5075
  Zone 3                2.3163        2.0850     2.5450
  Zone 4                2.3970        2.1647     2.6267
  Zone 5                2.6959        2.4591     2.9301

                         AVG.          BUY        SELL
                        ------        ------     ------
  FTNT                  2.3225        2.0900     2.5500

For information concerning cash out transactions, please contact
Jane Yang at (713)215-3462.

Stella Yu
Manager - Rate Systems
(713)215-3381


This request has been pending approval for  12 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078941&Page=Approval to review and act upon this request.

Request ID          : 000000000078941
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/11/01 10:30:56 AM
Requested For       : punit.rawal@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


Mr. Skilling-

Here are a few questions I would like to submit before your floor meeting on
the 32nd floor  Wednesday.

1.)  Enron seems to be taking a new approach to their business by taking
assets off the books and looking for new opportunities as a market maker in
new markets.  Is Enron going to be just a trading company?

2.)  If Enron is just a trading company our earnings could be quite
volatile.  How could this affect our stock price?  Will Wall Street be
prepared to accept more volatile earnings?

3.)  Volume on EOL seems to be decreasing since the middle of the year and
new platforms are being introduced into the market place.  Is this going to
have a negative effect on Enron's stock price?

4.) What are some of the new markets Enron plans to explore in the near
future?

5.)  Is Broadband coming along as quickly as Wall St. expects and how much of
our stock price is based on broadband?

I hope these questions are in line with some of the issues you wish to
discuss and I look foward to hearing you speak tomorrow.

Sincerely,

Matt Lenhart


Please plan to attend a meeting on Thursday, January 17, 2002 at 8:30 AM in Conf. Rm. 1336 to discuss Transwesterns position on PG&E's Plan of Reorganization.  In particular they have requested our support of their filing at FERC (Docket No. CP02-41) to convert their backbone system into an interstate pipeline (GTrans).  Interventions in this docket are due January 29th.  Below is the link to PG&E's home page location with a summary of their proposal.  Should you have any other questions or need additional data, please advise.  gh

http://www.pge.com/pipeline/library/por/gtrans.pdf


Start Date: 4/29/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042914.txt


PROMISSORY NOTE

$___________________________ ___, 2001

  For value received, [TURBINE LLC], a Delaware limited liability company (A
Borrower@), hereby unconditionally promises to pay, or cause to be paid, to
the order of NORTHWESTERN GENERATION I, LLC (ALender@), a wholly-owned and
indirect subsidiary of NorthWestern Corporation, the principal amount of
______________DOLLARS ($____________) (the APrincipal Amount@), in lawful
money of the United States of America and in immediately available funds.
Capitalized terms used but not defined herein shall have the meaning given to
such term in the Letter Agreement, dated April [_], 2001, between Enron North
America Corp. and Lender (the ALetter Agreement@).

     This promissory note (this ANote@) evidences the NorSub Purchase Price
Loan made by Lender to Borrower on the date hereof pursuant to Section 2(d)
of the Letter Agreement; and the proceeds of such Loan shall be applied by
Borrower on the date hereof as required by Section 2(e) of the Letter
Agreement.

  The Principal Amount shall be due and payable, in full, on written demand
of Lender.  No interest shall accrue on the Principal Amount.

  Borrower waives presentment, demand, protest, notice of protest, notice of
nonpayment or dishonor and all other demands and notices in connection with
the delivery, acceptance, performance, default or enforcement of this Note.

  This Note may not be changed or terminated orally, but only by an agreement
in writing signed by the party against whom enforcement or any waiver,
change, modification or discharge is sought.

  This Note shall bind Borrower and its successors and assigns, and the
benefits hereof shall inure to the benefit of  Lender and its successors and
assigns.

  THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
INTERNAL LAW OF THE STATE OF NEW YORK (DETERMINED WITHOUT GIVING EFFECT TO
PRINCIPLES OF CONFLICTS OF LAW).

[The balance of this page is intentionally left blank.]

  IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed and
delivered by its officer thereunto duly authorized as of the date hereof.

--

NY/333181.1      [TURBINE LLC]

      By: NorthWestern Generation I, LLC,
       its Manager

      By:  NorthWestern Growth Corporation,
       its Manager

      By: _______________________________
       Name:
       Title: