Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
Bloomberg, 10/19/01

USA: UPDATE 1-Enron stock sustains further heavy losses.
Reuters English News Service, 10/19/01
Enron Corp. Cut to `Hold' at A.G. Edwards
Bloomberg, 10/19/01

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
Dow Jones Energy Service, 10/19/01
Dynegy Chief: Bandwidth Growth Won't Wait For Trading
Dow Jones Energy Service, 10/19/01
UK: Jobs in base metals down but definitely not out.
Reuters English News Service, 10/19/01
New Power Hldg Sees Meeting 3Q Loss Estimate
Dow Jones News Service, 10/19/01

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
2001-10-19 16:24 (New York)

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)

     (Updates with Chief Financial Officer Fastow didn't
immediately return a call for comment in fifth paragraph.)

     Houston, Oct. 19 (Bloomberg) -- Enron Corp.'s shares have
fallen 26 percent in the past three days on concern the biggest
energy trader's dealings with partnerships run by its chief
financial officer contributed to investment losses.

     Enron's stock dropped 10 percent today. Enron's board cost
the company at least $35 million by allowing Chief Financial
Officer Andrew Fastow to manage LJM Cayman and LJM2 Co-Investment,
partnerships that bought Enron assets, a shareholder alleged
Wednesday in a lawsuit.

     The lawsuit came the day after Enron reported $1.01 billion
in third-quarter losses from failed investments. The Wall Street
Journal reported $35 million of the losses were connected with the
two limited partnerships. Enron also reduced shareholders' equity
by $1.2 billion when it bought back 55 million shares from the
partnerships, the paper reported yesterday.

     ``It looks sleazy,'' said Roger Hamilton, a manager at John
Hancock's Value funds, which own 600,000 shares. ``If you are
someone who invests in a company's management, it's almost time to
punt with Enron.''

     Enron spokeswoman Karen Denne didn't return calls or written
requests seeking comment. Fastow didn't immediately return a
telephone call for comment.

     Fastow and a handful of associates made more than $7 million
last year in management fees and about $4 million in capital
increases on an investment of about $3 million in one of the
partnerships, the Journal reported today.

                        Buying Enron Assets

     Fastow is involved in 17 other similar companies and
partnerships that appear to have ties to Houston-based Enron,
based on filings with the Texas secretary of state.

     The foreign business corporations and limited liability
companies have directors, officers or managers whose address is
listed as 1400 Smith Street in Houston, Enron's corporate address,
according to Texas records.

     Fastow is listed as a director, officer or managing member in
each one. At least one of the companies bought and sold Enron
assets, including foreign power plants.

     Whitewing Management, which lists Fastow as its managing
member, received $807 million from the sale of Enron debt last
year.

    Under the terms of the debt sale, Whitewing is allowed to use
the proceeds to buy power plants from Enron or make other
``permitted investments.'' Whitewing has bought 14 Enron plants or
companies since 1999 and sold four.

     Enron's Denne has not responded to written requests about
Fastow's role at Whitewing or whether he used his knowledge of the
value of Enron assets to benefit outside investors or company
executives at Enron's expense.

     Shares of Enron fell $2.95 to $26.05. They have fallen
69 percent this year.

--Russell Hubbard in the Princeton newsroom, 609-750-4651 or
rhubbard2@bloomberg.net, and Jim Kennett in Houston,
(713) 353-4871 or jkennett@bloomberg.net/pjm/alp/pjm

USA: UPDATE 1-Enron stock sustains further heavy losses.

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

(New first paragraph, adds additional analyst comment)
By Andrew Kelly
HOUSTON, Oct 19 (Reuters) - Enron Corp. stock sustained further heavy losses on Friday as investor confidence in the former Wall Street favorite was rocked by reports about the company's relationship with a limited partnership that was run until recently by Enron's chief financial officer.
The energy giant's stock closed down $2.95 or 10.2 percent at $26.05 per share, making a cumulative loss of 27 percent for a week in which Enron reported a third-quarter loss of $638 million, its first quarterly loss in over four years.
Analysts said confidence was shaken by several articles in the Wall Street Journal this week alleging possible conflicts of interest on the part of Chief Financial Officer Andrew Fastow, who until recently ran a limited partnership that bought assets worth hundreds of millions of dollars from Enron.
"I don't think this thing passes the smell test," said one analyst who spoke on condition of anonymity. "I think the CFO should be out of there right now. In the interest of the stockholders, that CFO should be gone," he said.
Enron has rejected the suggestion that there was anything improper about the arrangements, but Fastow severed his ties with the LJM2 partnership earlier this year to allay concerns raised by investors and analysts about his dual responsibilities.
POOR JUDGMENT?
Analysts said that at the very least, the arrangement showed poor judgment by senior managers at Enron, which recently pledged to be more open with investors and analysts following a series of high-profile stumbles that culminated with the shock resignation of new chief executive officer Jeff Skilling in August.
"For a company that had a lot of question marks around it already, these questions about financial dealings are really worrisome for investors," said Commerzbank Securities analyst Andre Meade. "It points to poor decision-making on behalf of the board and top management at Enron," he said.
Enron, North America's biggest buyer and seller of natural gas and electricity, was one of Wall Street's high flyers last year, when its stock posted a gain of 87 percent.
The stock's ascent was driven by enthusiasm for the company's plans to build a broadband telecommunications business and the success of its EnronOnline Internet energy trading platform.
This year Enron's shares have fallen 69 percent as sentiment toward broadband and the Internet soured, Skilling resigned after only six months as CEO, and the company's Dabhol power plant project in India became mired in a payments dispute.
Moody's Investors Service said earlier this week that it had placed all of Enron's long-term debt obligations on review for a possible downgrade after Enron took $1.01 billion in write-downs and charges that substantially reduced valuations for several non-core businesses, including broadband and water services.
Some of Enron's financing arrangements require the company to maintain investment grade credit ratings.
Analysts said Enron's credibility has been severely damaged and the recent reports about the LJM2 partnership had raised concerns that more unpleasant surprises may lie ahead.
"What don't we know that went on at that company? Where's the credibility?" asked one frustrated analyst. "We don't know if it's limited to this," he said.

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

Enron Corp. Cut to `Hold' at A.G. Edwards
2001-10-19 16:27 (New York)

     Princeton, New Jersey, Oct. 19 (Bloomberg Data) -- Enron Corp. (ENE US)
was downgraded to ``hold'' from ``buy'' by analyst Michael C Heim at A.G.
Edwards & Sons Inc.

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
By Michael Rieke

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Early last year, Enron Corp.'s (ENE) hype and skyrocketing share price enticed a number of other energy companies into the telecommunications business.
Now investors are wondering whether Enron is leading the charge out of telecom.
The company announced Oct. 16 that its broadband unit lost $80 million before interest and taxes in the third quarter on revenue of $4 million. In the third quarter of last year, the unit lost $20 million on revenue of $162 million.
Enron also recorded a $180 million non-recurring charge for restructuring its broadband unit in the third quarter of this year. That amount included severance costs for cutting 400-500 jobs, loss on sale of inventory and the reduced value of Enron's content services.
At an analysts meeting Oct. 16, Enron Chairman and Chief Executive Ken Lay said the broadband business is "not that robust" right now. Industry revenue is low and there's substantial overcapacity in the bandwidth market, "more than even we anticipated," Lay said.
The company still has a problem finding creditworthy counterparties for bandwidth trading. Consolidation in the telecom sector has also eliminated potential trading partners.
"A year ago it looked like an excellent business to get into," he said. "Others thought so, too."
Looking back, Enron could have gotten into the broadband business with less capital, Lay said. It spent "too much too soon."
An Ominous Comparison

He compared Enron's move into telecom with its move into the water business with its Azurix unit. That comparison probably won't be good news to those who still have broadband jobs at Enron.
Azurix caused Enron to take a bigger writedown - $287 million - than broadband in the third quarter. The water business has been a bigger and longer-lasting headache than broadband.
Maybe Enron's surviving broadband employees will feel better knowing that Lay told analysts the company is exploring alternatives to preserve its play in telecom at a reasonable price so it will be ready when the business recovers.
It's trying to reduce general and administrative costs in broadband to $40 million a quarter and is on track to reach that goal next year, he said. It could cut those costs even more in order to sustain the business.
Meanwhile, the company is trying to determine which parts of the telecom business it wants to be in, he said.
Enron President and Chief Operating Officer Greg Whalley told analysts the company needs to determine how much network and hardware it needs.
At one time, they had thought that they wanted to use physical network assets as a springboard, Whalley said. Now they "wouldn't want to forever be in the network business."
Both executives mentioned the possibility of joint ventures in telecom. Lay said other companies are asking Enron to do them. Whalley said the company has talked about exchanging fiber and other assets.
The one part of the telecom business Enron still seems committed to is broadband intermediation. "Intermediation" is a term the company uses in most of its commodity businesses, said an Enron spokeswoman. It's a combination of trading and deal origination - wholesale and enterprise customers.
More Bad News Expected

Rebecca Followill, a research analyst for Howard, Weil, Labouisse, Friedrichs Inc., she had expected a larger writedown in broadband for the third quarter.
"If you look at how much the stocks of their peers in broadband have fallen, you've got to figure that their assets' values have fallen similarly," Followill told Bandwidth Beat. "I was expecting more like an 80% writedown in broadband."
Another analyst, who didn't want to be identified, said he also expects more broadband writedowns from Enron. "To the extent that they can take more writedowns, I think it would make eminently good sense to do it."
He predicted "a $200 million haircut" in the first quarter of next year because of a goodwill valuation issue.
And that might not be the end of it. Enron had a net of $948 million of broadband property, plant and equipment at the end of last year, he said. They had another $600 million of risk management asset receivables, inventories and working capital items.
Followill doesn't see much future in broadband for Enron.
"I think the business will shrink to the point where it won't be shown as a key sector in their reporting," she said.
Enron might keep a small broadband group in case the market rebounds, she said. Her investor clients don't expect broadband to contribute to Enron's earnings within the next three years.
She thinks Enron is looking for an exit strategy.
The other analyst said Enron is trying to preserve some value in broadband. "It doesn't look like there's any right now, to be honest," he said. "They'll carry the trading operation to some degree."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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

Dynegy Chief: Bandwidth Growth Won't Wait For Trading
By Erwin Seba
Of DOW JONES NEWSWIRES

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Dynegy Inc. (DYN) Chairman and Chief Executive Chuck Watson understands why some think he is mistaken in believing the bandwidth sector has reached its bottom and is recovering.
But those critics don't understand his bandwidth business, Watson told Dow Jones Newswires in an exclusive interview. They don't understand how the business world has changed since the Sept. 11 terrorist attacks, he said.
In announcing third-quarter results for Dynegy Monday, Watson said the bottom in bandwidth demand was reached on Sept. 11 and that the market would begin recovery in the fourth quarter of this year.
Businesses are reassessing where to store data and how to distribute operations to avoid losing everything in a sudden catastrophic event, be it of natural or human origin. That's what's driving the recovery, he said.
Also, businesses will avoid travel, he said, relying instead on video conferencing.
Enron Corp. (ENE) Chairman Kenneth Lay said Tuesday that he hasn't seen any signs of recovery in telecom. The bandwidth market is suffering, in part, because there are few creditworthy companies to trade with, he said.
"They're trying to find trading partners for broadband," Watson said. "That's going to be tough to do." Dynegy isn't concentrating on bandwidth trading because there isn't "a realistic model" for it yet, he said. "I said two years ago it was at least two years away. I still think it's probably at least two years away, before we actually call it a trading commodity."
The metro-area infrastructure that Dynegy and other companies are building will create connections between networks, which are needed in order to trade bandwidth as a commodity, Watson said.
It's unfortunate that Enron's model for bandwidth as a traded commodity is the dominant image for the entire market, Watson said. Dynegy's model includes telecom contracts, negotiated directly with customers for long-term supply of bandwidth.
Dynegy's bandwidth trading desk is staffed by four people. For the past several months, they have been buying bandwidth for Dynegy's customers. The goal has been to build a customer base. "We're looking at being an intermediary, and really looking at the same customers that we feed energy today."
Since Dynegy lit its 16,000 route-mile network two weeks ago, the trading desk has been trying to fill the company's network instead of buying bandwidth from others. "I'm trying to find enterprises that have communication requirements," Watson said.
He pointed to ChevronTexaco Corp. (CHX) as a target for those services. "They have offices that never talked to each before," he said. "Now they've got to talk to each other. I would say that the credit quality of Chevron and Texaco is pretty reasonable."
ChevronTexaco owns about 26% of Dynegy, said a Dynegy spokesman. Dynegy and ChevronTexaco already have a large energy trading relationship which includes natural gas and gas liquids.
The average burn rate of Dynegy Global Communications, the corporation's telecommunications unit, is $20 million to $25 million a quarter, Watson said. In the third quarter, it lost $15 million, down from $20 million in the second quarter.
Dynegy predicts that Global Communications will break even or record a small loss before interest and taxes in the fourth quarter.
"If we can get to (income of) $10 million per month - that's what we need really," he said. "If we can get there by the end of next year, I'll be very happy. I think by '03, this market will have righted itself."
Watson believes telecommunications has the potential to transform Dynegy.
"Dynegy is an energy company," he said. "Our energy merchant company is doing very well and business is growing like a weed...(Telecommunications) is not our core business by any stretch right now. But I'd love to be able to tell you it's going to be. I'd love to be able to tell you it is someday."
-By Erwin Seba, Dow Jones Newswires; 713-547-9214; erwin.seba@dowjones.com

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

UK: Jobs in base metals down but definitely not out.
By Amanda Cooper

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 18 (Reuters) - Dismal industrial demand and the fickleness of hedge funds seduced by more volatile markets have slashed London Metal Exchange members' profits over the past year and set off a gathering wave of job cuts.
The decline and fall of base metal prices in the past year and a half has prompted a series of high-profile companies to withdraw from the market, casting a pall over next week's yearly LME Week industry gathering in London.
Jobs have gone from front office to back in trading houses and banks, raising questions about the prospects for those now seeking work.
"Good people can always be placed. As long as there is a job to fill and the company has a budget to hire," Sarah Gilley of London-based recruitment group Exchange Consulting said.
"Where the situation starts to get difficult is where everyone is cutting budgets, people are not being replaced when they leave and there have been an awful lot of redundancies."
Last week, ScotiaMocatta, a subsidiary of the Bank of Nova Scotia and a key ring dealing member, unveiled its decision to give up open outcry trading on the LME floor, prompting around 25 job losses among traders, phone jockeys and clerks.
Then blue-blooded banker N.M. Rothschild & Sons closed its London and New York base metals units. It left its core precious metals business intact, but 20 base metals staff were laid off in the process.
In the same week, the LME's largest floor trader, Enron Metals, said it planned to cut 10 to 20 percent of its metals staff as part of an exercise to cut 250 to 500 jobs in the Enron Group .
SECURITY
With three big market players and several major banks with commodities divisions slashing jobs at the same time, competition in the labour market will intensify and those in work are becoming wary about job security.
"What we're finding at the moment is that there is still demand for traders with a track record, which is possibly increasing because people are nervous about their jobs and so they're keen to stay put," Gilley said.
"So whereas someone who might be a big money-spinner with a track record would have previously stayed in their job for two to three years, they are now staying for three to five years.
"They probably feel that they're reasonably safe where they are, they're well recognised and not going to stick their necks out," she said.
BONUS FEARS
October has never traditionally been a strong month for the the jobs market in base metals as players are often distracted by LME week functions and conferences
Also, traders tend to be looking towards their annual performance-linked bonuses, which are usually announced at the end of the year.
"Those who are in work at the moment are sticking. Often at this time of year, people are hanging on for their bonuses. But I don't think any of them are anticipating good bonuses. They're probably just happy to have a job," Sian Griffiths of Exchange Consulting said.
LME volumes traded have been fallen over the past 18 months as the powerful hedge funds that once took a shine to the metals swarmed into areas such as hi-tech and telecomms stocks.
Metals traders who handled the large volume of fund activity have begun to focus again on moree traditional clients, and this may yet prove a boon for the jobs market.
Companies are seeking to fill a shortage of staff schooled in the traditional practices of trading physical metal.
"A lot of companies who had sidelined the traditional physical business are now re-aligning their focus and need poeple who understand the physical market and know how to set up a hedge and manage it, " Gilley said.
"The other area where demand has markedly increased in comparison to a few years ago is marketing," she added.
As for morale in the industry, individuals' confidence in their future is seemingly undimmed.
"Just because I've lost my job doesn't mean I'm going to sell my Porsche," one trader said.

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

New Power Hldg Sees Meeting 3Q Loss Estimate

10/19/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

PURCHASE, N.Y. -(Dow Jones)- New Power Holding Inc. (NPW) expects to meet its prior third quarter loss estimates; and said it has revised an agreement with Enron Corp. (ENE), lowering the collateral New Power must post under a master netting agreement.
In a press release Friday, New Power said the amendment to the Enron pact and cost-cutting efforts will allow the company to continue to conduct business until it secures ongoing asset-backed financing.
The company reiterated its earlier expectations of a third quarter loss of $65 million to $70 million, or $1.12 to $1.20 a share.
Analysts put the company's third quarter loss at $1.16 a share, according to Thomson Financial/First Call.
Third quarter revenue will be "slightly lower" than the $60 million to $65 million forecast in August, New Power said.

In the year-ago third quarter New Power lost $1.23 a share on revenue of $18.19 million.
The amendment to the master netting agreement with Enron North America Corp., Enron Energy Services Inc. and Enron Power Marketing Inc. affects the master cross-product netting, setoff, and security agreement, and expands through Jan. 4 the types of collateral that New Power is permitted to post to the Enron units.
Under the amended pact, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of New Power, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001.
Shares of New Power traded recently on the New York Stock Exchange at $1.67, up 1 cent, or 0.6%, on early composite volume of 7,900 shares. Average daily volume is 223,800 shares.
-Bill Platt; Dow Jones Newswires; 201-938-5400

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


meeting up with boone and luis and whoever.  if the broker goes we will just
get some free drinks.  date went well.  i had a good time.


---------------------- Forwarded by Steven J Kean/HOU/EES on 08/01/2000 09:24
AM ---------------------------

Sherri Sera@ENRON
08/01/2000 09:15 AM

To: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON
cc:
Subject: Corporate Watch article

Steve, Mark -

Here's the link to the entire message in the event you're interested...you'll
go through several links to get all the information that was posted.  In
addition to the Corporate Watch article, there is an Environmental Defense
Scorecard on Enron's Methanol Plant in Deer Park, TX, and the old Amnesty
International article on human rights issues in India...

http://boards.fool.com/Message.asp?id=1100058000814000&sort=postdate


That's what I needed.  Thanks! : )

"Moore,Denise I" <denise.moore@dhs.state.tx.us> on 12/11/2000 01:20:16 PM
To: "'dana.davis@enron.com'" <dana.davis@enron.com>, "'cashley@poha.com'"
<cashley@poha.com>, "'cmontgomery@kmg.com'" <cmontgomery@kmg.com>
cc:
Subject: RE: Ballet

I think you should ask her.  I believe she wanted it to stay amongst those
on her list, otherwise she could have forwarded it to others.

Denise
-----Original Message-----
From: Dana.Davis@enron.com
To: denise.moore@dhs.state.tx.us; cmontgomery@kmg.com; cashley@poha.com
Sent: 12/11/00 10:09 AM
Subject: Re: Ballet

Denise, Caroly, Claudette -
What do you think about me forwarding Marilyn's message to the prayer
ministry

"Moore,Denise I" <denise.moore@dhs.state.tx.us> on 12/11/2000 10:02:09
AM

To:   "'ddavis@enron.com'" <ddavis@enron.com>, "'cmontgomery@kmg.com'"
      <cmontgomery@kmg.com>, "'abraham5@flash.net'"
<abraham5@flash.net>,
      "'cashley@poha.com'" <cashley@poha.com>
cc:
Subject:  Ballet

Good morning ladies,

     The ballet is still on for Tuesday.  I had originally planned to
pick
up each girl, however, I am on special assignment on the Southwest side
of
time.  So, if you would, please have take them to Carolyn Ashley's house
by
6:15 pm.  The ballet begins at 7:30 pm.  If they are not able to go,
please
let me know, so I can make arrangements to take another girl.

Denise


Right! Forgot to send you my phone. We are in Mexico City (surrounded by
Zapatistas and all). Here it is:
011-52 (5) 259-3773
Did you send me yours?  I believe you did, but could you send it again?
Thxs.
Say hi to Nicole as well.
Pilar
----- Original Message -----
From: "Arora, Harry" <Harry.Arora@ENRON.com>
To: "Pilar Maria Aguilar" <paguilarp@hotmail.com>
Sent: Monday, March 19, 2001 5:34 PM
Subject: RE: Glad I found you!

Ho Ho Ho !! Good to hear and am very happy for you. I must confide, I
myself want to take some time off in the next few years. Thats what I
tell Nicole, she is going to have the baby, I dont mind raising him or
her.  How is life in Mexico city (you all are there, right ?)

Say hi to Juan.

Harry

PS - Let me have your phone number - would love to chat.

>  -----Original Message-----
> From: "Pilar Maria Aguilar" <paguilarp@hotmail.com>@ENRON
> [mailto:IMCEANOTES-+22Pilar+20Maria+20Aguilar+22+20+3Cpaguilarp+40hotm
> ail+2Ecom+3E+40ENRON@ENRON.com]
> Sent: Monday, March 19, 2001 1:13 PM
> To: harora@enron.com
> Subject: Glad I found you!
>
>
> Dear Harry,
>
> It is great to hear that you are doing so well!  Every now and then I
> think of you too, specially when I recall those good old UT  times.
> You are engaged! That?s really nice.  So, when  is the wedding?
> On my side, there are lots of news.  I  re-married a little over a
> year ago, to this GREAT guy whose name is Juan  Alberto. He is also a
> consultant (as I was) at McKinsey, who I met in  1998.  We are really
> happy (We are ecstatic!) and are planning on getting  pregnant this
> year.
> Professionally, I am taking a sabatical.   After I left McKinsey in
> 1998 (at the time I had little energy to keep up with  the
> consultant?s life style) I joined SatMex (the Mexican Satellite
> operator)  and headed its Corporate Development Division.  Last year I
> quit that  job and moved to Miami (Juan Alberto was transferred for a
> year), where I helped  some friends with their e-business on a
> part-time basis.  Back in Mexico I  decided to take a sabatical in
> order to pursue our family plans.  That  is the current state.
>
> I am really happy to be in touch with you again.  Lets keep those
> e-mails flowing.
>
> Regards,
>
> Pilar


We have 38c1 from 9-11 tomorrow.

	Bill Windle@ENRON
	06/22/2000 03:33 PM

		 To: Gaurav Babbar/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT
		 cc:
		 Subject: Agreement

Carol/Leslie,

Here it is....

---------------------- Forwarded by Bill Windle/Corp/Enron on 06/22/2000
03:32 PM ---------------------------

"Gieryn, Rick TL21J" <Rick.Gieryn@ACE-INA.com> on 06/22/2000 03:09:44 PM
To: "'bill.windle@enron.com'" <bill.windle@enron.com>,
"'baird@ballardspahr.com'" <baird@ballardspahr.com>
cc: "Zaccaria, Ed TL32B" <Ed.Zaccaria@ACE-INA.com>, "Hoog, David T TL16"
<David.Hoog@ACE-INA.com>, "Sindaco, Mary C TL21J" <Mary.Sindaco@ACE-INA.com>

Subject: Agreement

Bill:  Attached is a revised draft of the Agreement which incorporates the
resolution of the open items discussed last evening and this morning.  We
look forward to going over this with you tomorrow.

Please note that we have not received your e-mail containing language
relating to indemnification.  This is not incorporated into the contract.
Rick.

 <<Replacement Power Insurance Policy1.doc>>

 - Replacement Power Insurance Policy1.doc


Steve:
Please see the enclosed.
Carol


I just confirmed with Dan at Enron that clause #5 can stay as is. I
verified that Crestar will notify Enron by 9:00am of the volume to be
supplied by both Crestar and Enron and Enron will notify both BP and
Crestar by 9:45am in a single e-mail of the contracts to nominate to with
the applicable volumes.

So the assignment can be sent out with Dan's other changes incorporated.

Thanks everyone,
------
Bruce Kohrs
Phone: (403)205-7684
Fax: (403)266-1947
e-mail:bruce_kohrs@keyspancanada.com

                    Dan.J.Hyvl@en
                    ron.com              To:
Michael_Kleiner@Exchange.gulf.ca
                                         cc:
Brian_Houghton@Exchange.gulf.ca, Bruce_Kohrs@gulf.ca,
                    03/26/2001           Dan.J.Hyvl@enron.com,
voinorml@bp.com, Grant.Oh@enron.com
                    10:20 AM             Subject:     Re: Assignment of
Transaction No. 1

Michael,

     I have reviewed the attached agreement and offer the following
comments.

1.   Change the reference to Consenting Party to read as follows:

Enron North America Corp. is a Delaware corporation having an office
located at 1400 Smith St., Houston, Texas (hereinafter referred to as
"Consenting Party")

2.   Paragraph No. 5.  Please delete the last two sentences, this had some
applicability when the agreement was intended to be a partial assignment,
however, once the assignment is completed, Assignee will be responsible for
making its own nominations each day.

3.   Paragraph No. 8.  Please limit this paragraph solely to Assignor and
Assignee, otherwise change the reference to the State of Texas.

     Please call if you have any questions.

                                   Dan Hyvl

                    "Kleiner,
                    Michael"               To:     "'voinorml@bp.com'"
<voinorml@bp.com>,
                    <Michael_Kleine        "'Dan.J.Hyvl@enron.com'"
<Dan.J.Hyvl@enron.com>,
                    r@gulf.ca>             "Kohrs, Bruce"
<Bruce_Kohrs@gulf.ca>,
"Houghton,
                                           Brian" <Brian_Houghton@gulf.ca>
                    03/23/2001             cc:
                    03:59 PM               Subject:     Assignment of
Transaction No. 1

Everyone;

Further to yesterday's discussions, attached is a revised draft of the
assignment agreement. Please provide any further comments by email.

Yours truly;

Gulf Canada Resources Limited

per: Michael P. Kleiner

 <<Enron contract assignment.doc>>

(See attached file: Enron contract assignment.doc)
(See attached file: Enron contract assignment.doc)
******* End *******
(See attached file: Enron contract assignment.doc)

 - Enron contract assignment.doc


what do mean "my boys" ? ....I thought you were going to the gym all those
times....


On March 16, Martin Lin will be participating in a panel discussion with Dick
O'Neill of FERC, a rep. of Morgan Stanley, and Ed Cazalet of APX on "Market
Turmoil, Trading and Risk Management" (Harvard Electricity Group).  At the
present time, except in several limited regions, marketers do not have the
ability to hedge transmission risk by reselling it above cost.  Last year, we
approached Dick O'Neill's staff about the possibility of lifting the cap on
resales of transmission, but they were not inclined to proceed absent the use
of certain restrictions.  There have been several recent developments in
power and gas, as discussed in the attached memo.  It would be helpful for
Martin to discuss these recent orders as necessary in order to attempt to
gain support from Dick O'Neill for the idea of lifting the cap for power.
After Martin's discussion, we should consider reapproaching FERC to seek
approval.


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Reply-To: <clott@matrixservice.com>
From: "Charita Lott" <clott@matrixservice.com>
To: <wmontg6626@aol.com>
Subject: FW: Funny!
Date: Fri, 8 Dec 2000 08:44:24 -0600
Message-ID: <000101c06125$5bce39e0$4c7010ac@awilliams.matrixservice.com>
MIME-Version: 1.0
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-----Original Message-----
From: Natalie Thompson [mailto:nthompson@matrixservice.com]
Sent: Friday, December 08, 2000 8:02 AM
To: Todd White; Tiffiany Rose; Tania VanRiper; Sambo Stirrer Molina;
Robby Chapman; Paula Berwick; Paul Coleman; Nik A Lodeon; Melinda MIM
Hochstetler; Laura THE GREAT David; Keith Tyler; Harold McCaskey; Dave
The Man Bretherton; Charita Lott; Bill Smith
Subject: FW: Funny!

> >  CHAIN SEX
> >
> >            TO MY DEAR GIRLFRIEND (WIFE):
> >         During the past year I have tried to make love to
> >   you 365 times.
> >
> >         I have succeeded 36 times, which is an average of
> >   once every ten days. The following is a list of why I did not
> >  succeed more often:
> >
> > > > > > >> > >> >       *  54 times the sheets were clean,
> > > > > > >> > >> >       *  17 times it was too late,
> > > > > > >> > >> >       *  49 times you were too tired,
> > > > > > >> > >> >       *  20 times it was too hot,
> > > > > > >> > >> >       *  15 times you pretended to be asleep,
> > > > > > >> > >> >       *  22 times you had a headache,
> > > > > > >> > >> >       *  17 times you were afraid of waking the baby,
> > > > > > >> > >> >       *  16 times you said you were too sore,
> > > > > > >> > >> >       *  12 times it was the wrong time of the month,
> > > > > > >> > >> >       *  19 times you had to get up early,
> > > > > > >> > >> >       *  9 times you said weren't in the mood,
> > > > > > >> > >> >       *  7 times you were sunburned,
> > > > > > >> > >> >       *  6 times you were watching the late show,
> > > > > > >> > >> >       *  5 times you didn't want to mess up your new
> > hairdo,
> > > > > > >> > >> >       *  3 times you said the neighbors would hear us,
> > > > > > >> > >> >       *  9 times you said your mother would hear us.
> > > > > > >> > >> >
> > > > > > >> > >> >        Of the 36 times I did succeed, the activity
> > was not
> > > > > > >>     satisfactory because:
> >
> > > > > > >> > >> >       *  6 times you just laid there,
> >
> > > > > > >> > >> >       *  8 times you reminded me there's a crack in
>the
> > > > >       ceiling,
> >
> > > > > > >> > >> >       *  4 times you told me to hurry up and get it
>over
> > with,
> >
> > > > > > >> > >> >       *  7 times I had to wake you and tell you I
> > finished,
> >
> > > > > > >> > >> >       *  1 time I was afraid I had hurt you because I
> > felt you move
> > > > > > >> > >> >
> > > > > > >> > >> >       TO MY DEAR BOYFRIEND (HUSBAND):
> > > > > > >> > >> >
> > > > > > >> > >> >       I think you have things a little confused. Here
> > are the
> > > > > > >       reasons you didn't get more than you did
> >
> > > > > > >> > >> >       *  5 times you came home drunk and tried to
>screw
> > >       the cat
> >
> > > > > > >> > >> >       *  36 times you did not come home at all,
> >
> > > > > > >> > >> >       *  21 times you didn't cum,
> >
> > > > > > >> > >> >       *  33 times you came too soon,
> >
> > > > > > >> > >> >       *  19 times you went soft before you got in,
> >
> > > > > > >> > >> >       *  38 times you worked too late,
> >
> > > > > > >> > >> >       *  10 times you got cramps in your toes,
> >
> > > > > > >> > >> >       *  29 times you had to get up early to play
>golf,
> >
> > > > > > >> > >> >       *  2 times you were in a fight and someone
>kicked
> > you,
> > > > >        in the balls,
> >
> >    > > > >> > >> >       *  4 times you got it stuck in your zipper,
> >
> > > > > > >> > >> >       *  3 times you had a cold and your nose was
> > running,
> >
> > > > > > >> > >> >       *  2 times you had a splinter in your finger,
> >
> > > > > > >> > >> >       *  20 times you lost the notion after thinking
> > about
> >        it all day,
> >
> > > > > > >> > >> >       *  6 times you came in your pajamas while
>reading
> > a
> > > > >       dirty book,
> >
> > > > > > >> > >> >       *  98 times you were too busy watching football
> > > > >      baseball, etc. on  TV
> > > > > > >> > >> >
> > > > > > >> > >> >       Of the times we did get together:
> >
> > > > > > >> > >> >       *  The reason I laid still was because you
>missed
> > >       and were screwing the sheets.
> >
> > > > > > >> > >> >       *  I wasn't talking about the crack in the
> > ceiling,
> > > >       what I said was,  "Would you
> > prefer me on my back or
> > >        kneeling?"
> >
> > > > > > >> > >> >       *  The time you felt me move was because you
> > farted
> > > >       and I was trying to breathe.
> > > > > > >> > >> >
> > > > > > >> > >> >    Once you read this letter you have to keep it
>going.
> > > > >     This game has been played since 1996. You
> > must send this letter to
> > >      7 people.
> > > > > > >> >   On the 5th day someone will ask you out or say "I
> > love you."
> > > > > > >   This is  not a joke.
> > > > > > >> > >> >   It has worked for many years. If you break the
>chain,
> > > > >    you will have bad luck with guys/girls
> > forever. This is just
> > > >    for future readers.
> > > > > > >> > >> >
> > > > > > >> > >> >       This began in 1996, not much of a past, but it
> > >          works.
> > > > > > >> > >> >
> > > > > > >> > >> >       So here are the rules:
> > > > > > >> > >> >       *If you read this on a Sunday, wish for a really
> > fun
> > > > >      week
> > > > > > >> > >> >       *If you read this on a Monday, wish for love
> > > > > > >> > >> >       *If you read this on a Tuesday, wish for money
> > > > > > >> > >> >       *If you read this on a Wednesday, wish for
>success
> > > > > > >> > >> >       *If you read this on a Thursday, wish for
>anything
> > >      you want
> >         *If you read this on a Friday, wish for
> > a really hot date
> > > > > > >> > >> >       *If you read this on a Saturday, wish for an
> > important
> > > > > >     phone call
> >  Send this to seven people (after you make a wish).
> > > >Make sure it is sent as soon as you read it or your wish won't come
> > true.


Please contact Gia Maisashvili (713-853-4346) or John Neslage (713-853-6827)
and let them know which working group you would like to participate in.

Thanks,
Marcia


Sean:

Just in - I haven't read this yet, but it looks interesting.

Tim

-----Original Message-----
From: Wendell Tangborn [mailto:wendell@hymet.com]
Sent: Wednesday, August 22, 2001 10:48 AM
To: wendell tangborn
Subject: Fw: Columbia River forecasting report on website

Dear Friend and/or Colleague,

A summary of the 2001 season, real-time forecasts of Columbia River runoff made weekly with the HyMet model can be viewed at the following website:

<http://www.hymet.com/colnex1.htm>

These results show the accuracy of each forecast made at the three main sites (Grand Coulee, The Dalles and Lower Granite Dam on the Snake River) from January 1 to June 30, 2001, and also demonstrate the influence of abnormal precipitation and temperature during the forecast season on the accuracy.

Precipitation in the Pacific Northwest during the 2001 forecast season was near the record historic low in this region, therefore a significant fraction of the forecast error can be explained by subsequent weather conditions.

Your comments are welcome.

Regards/Wendell

Wendell Tangborn
HyMet Inc
509 Olive Way
Suite 1658
Seattle, WA 98101
Phone: 206 262 9697
Fax:      206 262 9698

email: wendell@hymet.com <mailto:wendell@hymet.com>
or:  wtangb@u.washington.edu <mailto:wtangb@u.washington.edu>
Web site: <http://www.hymet.com>


Hi John,

We are not moving forward with the external offers at this point and only concentrating on internal.   However, I have adivsed them I would keep in touch with them - should this change I will give you a call and give you an update.

Thanks,

Karen.

-----Original Message-----
From: Arnold, John
Sent: Wednesday, November 14, 2001 8:45 PM
To: Buckley, Karen
Subject: RE: Trading Track - New participants (rotations assgined)

Did we hear a response from the guy who works on the floor of the Nymex?

-----Original Message-----
From: Buckley, Karen
Sent: Tue 11/13/2001 5:22 PM
To: Allen, Phillip K.; Arnold, John; Bentley, Corry; Black, Don; Davis, Mark Dana; Gaskill, Chris; Gossett, Jeffrey C.; Grigsby, Mike; Herndon, Rogers; Martin, Thomas A.; Meyn, Jim; McMichael Jr., Ed; Mrha, Jean; Neal, Scott; Presto, Kevin M.; Schwieger, Jim; Shively, Hunter S.; Sturm, Fletcher J.; Superty, Robert; Will, Lloyd
Cc: Lavorato, John
Subject: Trading Track - New participants (rotations assgined)

<<Trading Track Rotations November 9th.xls>>

All,

The attached spreadsheet outlines the rotations for the internal new hires to the Trading Track.    I will be meeting with the new TT A&A tomorrow, and subject to them signing all associated documentation, they will join the Track immediately.

Let me know if you have any questions with respect to the rotations outlined and we can make the appropriate changes as we move forward.

Thanks,

Karen B.
x54667


For those of you that were not on this weekend I would like to inform you of a new possibility for sales. Transalta buys at both SP 15 and Mead 230 in both cases they plan to export to Lugo/Victorville. Since they ask to buy this power transmission contingent we can wheel through the ISO from PV to Lugo (ISO ID LUGO_5_VICTVL). They will pay a premium to get the power at lugo and they will buy the power transmission contingent. Have fun with it.
Leaf


that's fine, 3212.

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: JDF

ok, can I come by at 11:15?  you're at 3212, right?

Eric Bass@ECT
10/04/2000 05:05 PM

To: Allison Easton/HOU/EES@EES
cc:
Subject: Re: JDF

yeah, it would probably be better to do it later in the day.
preferably after 11:00

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: JDF

hehe!  Thanks!  what time do you usually get here in the morning?  are your
morning's hectic?

Eric Bass@ECT
10/04/2000 04:55 PM

To: Allison Easton/HOU/EES@EES
cc:
Subject: Re: JDF

is a penny good enough?

just kidding, i'll give $25

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: JDF

yeah, it does seem like the weeks get longer and longer...
Everything's going well.  Same old stuff, you know?  Matt's been out of town
a lot lately, so that's no fun.  Plus, he's unhappy w/a few things that are
going on at work.  Plus, he's tired of traveling, so he's looking for a job
here.  We'll see...

You owe me whatever you want to give.  $25 gets you a T-shirt, but whatever
amount is fine.

Eric Bass@ECT
10/04/2000 04:01 PM

To: Allison Easton/HOU/EES@EES
cc:
Subject: Re: JDF

Hey Allison,

Not much is going on over here, just gutting it out until the weekend.  It
seems like the weeks get longer and longer, doesn't it?

How are things in your world?
You can come by whenever you want to get the check.  How much do I owe you
again?

Eric

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: JDF

Hey Eric,

What's going on?  I haven't seen you in a while...

I was wondering, when can I come by to pick up your check for JDF?  I need an
excuse to come visit anyway :)

Allison


Did you see Laura's message.  It reads like she is in.

Currently at the drug test place there are lots of ene people on the list
--------------------------
Sent from my BlackBerry Wireless Handheld


----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:45 PM -----

	<FREETRIAL@ptvnews.net>
	03/02/2001 06:00 AM

		 To: <skean@enron.com>
		 cc:
		 Subject: FREETRIAL - Enron Corporation News Alert:
KEANSTEVEN_J_ENRON_COPORATIONS 9 new stories.

News Alert
Each business day, Power Television will send to you by email a listing of
the news your company has made from television stations across the Unites
States. Over 100 local media markets and 20 networks will be monitored by our
service at NO COST to you.
Each headline will allow you to link to a text transcript of the news story.
If the story is of significant interest, a video clip can be ordered online
as well.
As a way to introduce our innovative new service, you will be able to view
text transcripts for free. After a week,s trial, the news notifications will
be delivered to you at no cost but if you would like to view actual text
transcripts of news stories there is a nominal $9 per view cost. VHS tapes
can be ordered for $95 plus shipping. Our goal is to provide an online
alternative to the costly traditional television monitoring and clipping
services.

The following stories have been posted to your KEANSTEVEN_J_ENRON_COPORATIONS
account for the Enron Corporation search: 2001-02-28 22:27:50 NBC
Tyler/Longview (Lufkin/Nacogdoches), TX
DREW-OVER 3-MILLION FANS LAST-SEASON TO ENRON-FIELD.. . BUT THEY WON'T
205.252.166.40/user/view_notify.asp?id=4568113505786667

2001-03-01 05:06:27 NBC Miami/Ft. Lauderdale, FL
USE IT. >> REPORTER: TEXAS-BASED ENRON IS SEEKING ZONING APPROVAL FOR
205.252.166.40/user/view_notify.asp?id=53748681125447378

2001-03-01 06:04:35 NBC Miami/Ft. Lauderdale, FL
TOLERATE IT. I KNOW THAT ENRON IS A BIG POWERFUL INTERNATIONAL
205.252.166.40/user/view_notify.asp?id=84121848908285

2001-03-01 17:18:49 NBC Houston, TX
A LOOK AT NUMBERS FROM ENRON. NORTH ZULCH, THIRD INCH RAIN.
205.252.166.40/user/view_notify.asp?id=3386813082573738

2001-03-01 18:59:06 CNN National
ENERGY CRISIS? WE''LL TALK TO ENRON LEADER, THIS COMPANY WAS SHOWING
205.252.166.40/user/view_notify.asp?id=6488459085275673137

2001-03-01 19:12:10 CNN National
CRISIS, A ONE-ON-ONE INTERVIEW WITH ENRON''S CHAIRMAN, AND EARNINGS WARNINGS,
LABOR
205.252.166.40/user/view_notify.asp?id=347908645437171

2001-03-01 19:17:45 CNN National
POWER CRISIS COULD GET WORSE, ENRON''S CHAIRMAN, KENNETH LAY, WHEN
"MONEYLINE"
205.252.166.40/user/view_notify.asp?id=84745887908768823133

2001-03-01 19:20:00 CNN National
AGREES, KENNETH LAY, CHAIRMAN OF ENRON, THE LARGEST BUYER AND SELLER
205.252.166.40/user/view_notify.asp?id=62685845444641885

2001-03-01 19:23:55 CNN National
OVER THE PAST 52 WEEKS, ENRON HAS DROPPED 24% FROM ITS
205.252.166.40/user/view_notify.asp?id=356113625218146

Power Television offers a daily news notification service free of charge.
Costs are only incurred when viewing text transcripts, ordering VHS tapes or
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Narsimha,

Good point, and the key is that BGE's standard offer includes a $7 "retail adder" to the market-based price.  This retail adder was part of BGE's settlement agreement.  To the extent all of our deal costs (including a scheduling fee) and origination margin are notably less than $7, then customers will be better off under our index product.

Bob

From:	Narsimha Misra/ENRON@enronXgate on 09/21/2001 05:34 PM
To:	Bob Hansen/HOU/EES@EES, Michele Raque/ENRON@enronXgate
cc:	Liqun Pan/ENRON@enronXgate, Berney C Aucoin/ENRON@enronXgate, Edith Cross/ENRON@enronXgate, John D Burrows/HOU/EES@EES, Gillian Johnson/HOU/EES@EES, James M Wood/HOU/EES@EES, Richard Ring/ENRON@enronXgate, John B Gordon/HOU/EES@EES
Subject:	RE: BGE Index Product - Change to LMP BGE Zone Index

fyi...There is a scheduling fee that needs to be added to the deal costs...and just for my curiosity what is the reason why the customer would switch to us instead of staying with the incumbent utility with this product??? isn't this exactly the SO product being offered by the utility without the origination margin???
-narsimha

 -----Original Message-----
From: 	Hansen, Bob
Sent:	Friday, September 21, 2001 4:32 PM
To:	Misra, Narsimha; Raque, Michele
Cc:	Pan, Liqun; Aucoin, Berney C. ; Cross, Edith EES; Burrows, John; Johnson, Gillian; Wood, James; Ring, Richard; Gordon, John
Subject:	BGE Index Product - Change to LMP BGE Zone Index

Narsimha/Michele,

Thanks for helping us with this index product issue.

We were initially planning to use an East Hub index with a basis of all uplifts, but Gillian and I agree with you on the advantages of using an index of PJM LMP zonal prices including all uplifts.  The product will certainly be more comparable to BGE's standard offer pricing, and it will eliminate the basis risk that you would have had with the East Hub index product.  A BGE zone index product will also eliminate the price comparison issues we had due to congestion.

Based on today's discussion we will modify the design of the BGE index product proposal to reflect a pass-through of LMP BGE zone prices and uplifts.  The basis for this product would simply be deal costs and origination margin.

Gillian and I will work with Berney's group on changes to the TC, and a modified Product Approval Template will be routed soon.

Thanks again,
Bob


How do you come up with all this?  Did someone teach you how to write
accomplishments?  This is awesome.  I hadn't thought about integrating my
goals into my accomplishments.  And you consider me an overachiever!!

Thanks.


Dan:  I wanted to follow up on our discussion last week regarding the peaker we're helping Lodi to develop.

The project is a peaker plant inside Lodi's territory, with the power sold to DWR.
The deal is both price and time sensitive (no surprise there).  Needs to be on line Q3/Q4, 2002, at a price that's in line with price negotiated with DWR.
For the gas interconnect, your folks tell us that the project requires $8-$11 MM in system upgrades that will take 14-16 months to complete.
By contrast, the project could connect directly to Lodi's gas storage facility for about $2.6 MM and could be completed in about 4-6 months.
In short, PG&E's offers blows through both the time and price constraints; the Lodi option accommodates both very well.
We are very senstive to the tariff revenues you would forgo via a direct connect to Lodi and potential concerns regarding precedent over connecting directly to the storage facility.
Therefore, 1) we'd be willing to pay the local distribution tariff price, irrespective of being connected directly to the Lodi facility, 2) we'd be willing to switch over and connect with PG&E once the upgrades in the Lodi/Stockton area are done, and 3) we'd agree that the direct connection with Lodi should be viewed as a "special case" (and not precendent) with the goal of avoiding exacerbating California's problems with supply shortages.

Thanks for listening. Let me know what you think.

Best,
Jeff


Didn't I mark his up all ready?


Please, keep in mind, that the members of the Research Group
who stayed behind to facilitate the transition will be leaving
for good, in a week. We have to accelerate the process.

Vince

-----Original Message-----
From: Fallon, Jim
Sent: Thursday, January 17, 2002 6:54 PM
To: Kitchen, Louise
Cc: Kaminski, Vince J; Webb, Jay
Subject: Re: Research Library

Does the state have copies of all programs?  Should systems manage the migration?  Muller was going to send vince the copy of the contract indicating the section to vince that required the turnover just to make sure we were doing the right thing - did that happen?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Hi Stephanie,

I thought the execution process was complete on this one but actually we are
still in the process of executing.  DBAB has sent to us two copies signed by
them and hence, ready for our signatures.  I am forwarding to you so that you
could get the signatures and prepare the Authorized Officers List and the
Consent Form for signatures as well.

Cassandra wants an explanatory blurb about why the account is necessary,
please check in to get some justification from Aneela, Sheila or Theresa.

Thank you,

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


---------------------- Forwarded by Tana Jones/HOU/ECT on 02/09/2000 05:07 PM
---------------------------

Molly Harris
02/09/2000 04:57 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, Brian Hunter-Lindsay/LON/ECT@ECT, Coenraad
Basson/LON/ECT@ECT, Bhautik Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David
Weekes/LON/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT,
Lisa Gillette/HOU/ECT@ECT
Subject: EOL Credit Responses 2/9

Please find attached Credit's EOL responses for 2/9/00.

Regards
Molly


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/09/2001 11:29 AM -----

	Jeff Nogid
	02/09/2001 10:53 AM

		 To: Tim DeSpain/HOU/ECT@ECT, Clint Freeland/Corp/Enron@Enron, Marion
Sczykutowicz/HOU/ECT@ECT, Jim Newgard/HOU/ECT@ECT, Gareth
Bahlmann/HOU/ECT@ECT, Beth Perlman/enron@EnronXgate, John
Norden/Enron@EnronXGate, Ilene@wibbet.com, jNogid@aol.com,
finkelstein@willcap.com, Margaret_gleim@sumitomobank.com, Clement
Abrams/Corp/Enron@ENRON, phil.r.bennett@ncmi.com, tblair@bear.com, Kate
Brooks, ddenenberg@cobrinandgittes.com, denenbergd@wemed.com,
Rvdisanto@aol.com, Joel Ephross/Corp/Enron@ENRON, Jill Erwin/HOU/ECT@ECT,
Dolores Escamilla/HOU/ECT@ECT, afefer@admin4.hsc.tmc.edu, fink@sbcm.com, Paul
Garcia/Enron@EnronXGate, Jerry Gehman, Jacqueline_Gerardi@sumitomobank.com,
PGordon@marimba.com, Neil Hong/HOU/ECT@ECT, Andrew Kelemen/HOU/ECT@ECT,
michael.kendrot@csfb.com, casey.krzystek@us.cibc.com, llaw@bear.com, Vincent
Larkin, christine.lee@wdr.com, llevine@trade.com, Carl Livermore/Enron
Communications@Enron Communications, TMLuzio@netzero.net, ray_miranda@ml.com,
Ross.Newman@db.com, peter.o'malley@csfb.com, Gary Peng/GPGFIN/Enron@ENRON,
jp102364@yahoo.com, pulver@un.org, Steve Ross/HOU/ECT@ECT,
dschloss@bethyeshurun.org, david.c.scott@ncmi.com, Sara
Shackleton/HOU/ECT@ECT, Angela.Streater@scotiacapital.com, AnnMarie
Tiller/Corp/Enron@ENRON, David.Wood@abnamro.com, Jo.zepeda@enron.com
		 cc:
		 Subject: It's sad but true

Jeff Nogid
Enron Global Finance
713-853-4782

To:   (see below)
Subject:  (no subject)

"BEFORE and AFTER MARRIAGE"

Before - You take my breath away.
After - I feel like I'm suffocating.

Before - Twice a night.
After - Twice a month.

Before - She loves the way I take control of a
Situation.
After - She called me a controlling, manipulative,
egomaniac.

Before - Ricky & Lucy.
After - Fred & Ethel.

Before - Saturday Night Live.
After - Monday Night Football.

Before - He makes me feel like a million dollars.
After - If I had a dime for every stupid thing he's
done...

Before - Don't Stop.
After - Don't Start.

Before - The Sound of Music.
After - The Sound of Silence.

Before - Is that all you are eating?
After - Maybe you should just have a salad, honey.

Before - Wheel of Fortune.
After - Jeopardy.

Before - It's like living a dream.
After - It's a nightmare.

Before - $60/dozen.
After - $1.50/stem.

Before - Turbocharged.
After - Needs a jump-start

Before - We agree on everything!
After - Doesn't she have a mind of her own?

Before - Victoria's Secret.
After - Fruit of the Loom.

Before - Feathers & handcuffs.
After - Ball and chain.

Before - Idol.
After - Idle.

Before - He's lost without me.
After - Why can't he ask for directions?

Before - When together, time stands still.
After - This relationship is going nowhere.

Before - Croissant and cappuccino.
After - Bagels and instant coffee.

Before - Oysters.
After - Fishsticks.

Before - I can hardly believe we found each other.
After - How the hell did I end up with someone like
you?

Before - Romeo and Juliet.
After - Bill and Hillary..


Yes.  Approximately 5,000 annual for ETS.  None of the other companies are listed.

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Sunday, September 09, 2001 10:21 AM
To:	Botello, Mary
Subject:	FW: Global Employee Services Group - 2002 Plan Assumption
Importance:	High
Sensitivity:	Confidential

Are there any charges to ETS, EREC, PGG,PGE, EOTT?

 -----Original Message-----
From: 	Mccall, Patti
Sent:	Friday, September 07, 2001 4:39 PM
To:	Smith, Jeff E.; Killen, Faith; Copeland, Erin; Nelson, Kimberley (EES); Lee, Dana; Davoli, Jim; Galvan, Michael S.; Geaccone, Tracy; West, Terry; Derr, Dawn
Cc:	Tran, Joanne; Tran, Agatha
Subject:	Global Employee Services Group - 2002 Plan Assumption
Importance:	High
Sensitivity:	Confidential

Attached is the 2002 Plan Allocation Assumption by BU regarding the Global Employee Services Group.  I've also attached the employee listing in case you have any questions as to who makes up your numbers.  The information was provided by Tim Callahan.

Thanks,

Patti
 << File: 2002 GES Budget Alloc to BU's.xls >>  << File: Active Expats 01-0821_TCallahan_09072001.xls >>


SZ really grows on you, doesn't he?  Just like Carlos.

Neil leaves tomorrow.  He was out ONE night last week.  I am encouraging him
to get a hunting lease.  He thinks I'm very supportive.

	From:  Kathleen Carnahan                           10/25/2000 05:07 PM

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

Subject: Re: Carlos

Yes, Norman is out of town.  Isn't Neal out of town too?  I'm sorry about the
strep throat.  I sure hope it doesn't get you like it did last year (that was
awful)!  I still haven't done anything with the Confidentiality doc. for
Peoples.  Maybe I can work on it tomorrow and get with you next week.

One funny note, I was looking for a document on Stuart's directory and found
a file called "Jeffrey Kennan is getting on my nerves.doc".  It was an
Easement Agreement.  When I found that, I almost fell out of my chair
laughing!

Take care of you and your little man!

K-

Kay Mann
10/25/2000 04:55 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Carlos

Poor Carlos.  He is almost pitiful.  I think it is a great idea to watch for
a good networking opportunity.

I'm off on Friday, too.  In fact, both Michael and I have strep throat and
spent the day at home.  I'll probably be in no more than 1/2 day tomorrow.
Is Norman still out of town?  Will you have the house ALL to yourself?

Kay

	From:  Kathleen Carnahan                           10/25/2000 04:53 PM

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

Subject: Carlos

Hi Kay,

I just talked to Carlos.  They had their meeting today with the EES group,
and what can I say?  Since Carlos told me that you are his exclusive head
hunter, can I be the mingling coordinator?  Don't you think it might be nice
to have Carlos meet Stuart and some of the group, like for lunch or
something?  He is feeling sooooo lost.

By the way, I think I am taking Friday off, okay?

Kathleen


Are you going to Las Vegas today to see you mom or are you waiting to see if
she gets better?  Can't get a hold of Barb on the cell phone.


I think you sent me an email which had some information from the gang about
the tests, etc.  Do you still have it?

Thanks,

Kay

From: Sheila Tweed@ECT on 06/19/2000 02:48 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Thoughts on Gleason Performance---Let's get together about this.

----- Forwarded by Sheila Tweed/HOU/ECT on 06/19/2000 02:48 PM -----

	Sheila Tweed
	06/16/2000 03:23 PM

		 To: Kay Mann/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Thoughts on Gleason Performance---Let's get together about this.

Would you please call Mitcha and get the relevant information?  I suppose
that a demand letter (under the warranty?) could be in order but any
pre-litigation moves need to be coordinated with Richard Sanders.  Maybe this
hasn't risen to that level yet, but $12 Million sounds pretty serious.


I have already pulled the physical power agreements and written my memo.  The
rest of you - please feel free to stop by Travis' office to see what he has.

Shari

	Travis McCullough
	01/10/2001 08:22 AM

		 To: Shari Stack/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT,
Steve Van Hooser/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT
		 Subject: Re: PGE due diligence effort

I have already received a pretty substantial stack of master agreements from
Bill Bradford that I am having copied right now.  Bill believes that these
are the contracts under which we have the most significant exposure to PGE
entities, and that if we provide these to LeBouef they will have most of the
story.

Before you go to a lot of trouble tracking documents down, you might want to
see what I have.  I will also need some help in identifying specific
contracts to specific positions on the credit spreadsheet.

Thanks for your help on this.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


This one is for electric, I'll do the same for gas.

Thanks,
Elizabeth


Suzanne:
I reserved this class in my own name so that Samantha Boyd, our new legal
assistant who is starting today, could attend.  Could you please contact
whoever needs to be contacted and switch names.

Erica,
Please put this class on Samantha's calendar.

Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/05/2000 09:09 AM -----

	Ernie
	Sent by: Ernie
	06/03/2000 07:01 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Development Center Class Reminder  - Wellhead to Burner Tip

You are scheduled to attend:

Wellhead to Burner Tip
Class Days and Times:
  6/13/2000  08:00:00 AM - 05:00:00 PM
  6/14/2000  08:00:00 AM - 12:00:00 PM
Room # & Location: EB552,  Houston
Participant Fee: $ 600
Note:

If you are unable to attend this class, the registration must be canceled by
5:00 p.m. on  June 8, 2000 to prevent a charge of $ 600 to your RC number.

 We look forward to seeing you at 08:00:00 AM on June 13 - 14, 2000.  Please
call the Development Center Team at 713-853-0357 if you have any questions.

 Thank you.


Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

-----Original Message-----
From: Teresa Robertson [mailto:teresa.robertson@travelpark.com]
Sent: Friday, November 02, 2001 3:46 PM
To: Robertson, Audrey
Subject: pls review and approve for tktg today to gtn fare - Y'barbo

                                          AGENT TR/TR BOOKING REF ZOJ8D7

                                          YBARBO/PAUL
                                          EB 1344

  ENRON CORP

  DATE:  NOV 02 2001

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

CONTINENTAL AIRLINES  05NOV HOUSTON TX     ALBUQUERQUE NM 935A    1043A
CO 151     B          MON   G.BUSH INTERCO INTL
                            TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:08 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 19A NO SMOKING CONFIRMED YBARBO/PAUL ELL

CONTINENTAL AIRLINES  05NOV ALBUQUERQUE NM HOUSTON TX     430P    727P
CO 312     B          MON   INTL           G.BUSH INTERCO
                                           TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         1:57 DURATION
                  AIRCRAFT: BOEING 737-500
                            SEAT 15F NO SMOKING CONFIRMED YBARBO/PAUL ELL

MISCELLANEOUS         05MAR HOUSTON TX
                      TUE   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  CO/VWSMPQ

YBARBO/PAUL ELLIS  S0C0060R1110

CO  FREQUENT FLYER COLD368555
ASSISTANT: AUDREY ROBERTSON 713 853-5849
*******************************************
INTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
CALL SOS MEDICAL EMERGENCY:INTL 215 245-4707 (COLLECT)
********************************************
THE FARE IS $357.12 REFUNDABLE
ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED

Teresa


----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 09:06 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/16/2001 02:17 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: www.turnonthetruth.com

The IEP web-site is now on-line at www.turnonthetruth.com .-;please use it
as a resource.  Please note that all references to a retail rate freeze have
been removed.

Thanks,
Jean

----
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)


Gerald, It seems that the drafts that have been sent back to Marathon have
confused the relationships of Marathon, Mariner and MEGS. As an example you
have requested that the LOPSA rely on the O&M Agreement between Mariner and
MEGS, which Marathon is not a party.  We would rather that agreement remain
between MEGS and Mariner and be the basis for your resolution of disputes.
The legal capacities presented in your response to the LOPSA draft are
confusing. All rights seem to flow to MEGS, yet the obligations seem to be on
Mariner, we do not believe the division of rights and obligations in this
manner are a good situation. By example the Indemnity provisions have been
altered to have Mariner indemnify the Owners and Operator (no mention of
MEGS)and then further change the indemnity to a negligence based indemnity
(of Platform Operator). The PHA is a unilateral indemnity to Platform
Operator and Platform Owners and we must insist on this same level of
protection with MEGS.
If you would like to make another attempt at either a ratification or LOPSA
that addresses MEGS as Lessee and Mariner as its operator and provide for any
resolution between those two in the O&M Agreement we would be happy to
discuss this further. If you would like to go through the LOPSA line by line
please call and we can set up a teleconference with our legal department to
do so.
BGP

>>> <Gerald.Nemec@enron.com> 05/31/00 01:04pm >>>

I have reviewed your response and disagree with the characterization of our
modification the documents. I would like to clarify our reasons for the
modifications to avoid any further miscommunications.

MEGS' alteration of the documents do not impair the protections afforded to
Marathon under the Production Handling Agreement.  Our modifications were
simply intended to allocate certain risks between MEGS and Mariner with
respect to Marathon (as operator of the South Pass 89 B Platform) as such
risks were intended to be allocated by MEGS and Mariner.  Mariner's
transfer of interest in the flowline to MEGS introduces a new party which
Marathon can look to for certain obligations with respect to the platform.
The alterations do not remove Mariner from its current role as operator and
maintainer of the flowline and owner of the hydrocarbons.  For these
reasons, I would disagree with your response that the draft alterations do
not provide the intended protections that Marathon would expect absent such
a transfer to MEGS.  Mariner still shoulders these risks and expenses under
the Production Handling Agreement.

Having MEGS fully ratify the Production Handling Agreement  and becoming
jointly and severally liable to Marathon is not appropriate.   MEGS does
not hold title to any hydrocarbon production or operate the facilities and
should not be liable for all risks and expenses associated therewith.
Mariner should continue to shoulder those risks and as before.

I would be happy to discuss your issues with our Platform Lease revisions
at your convenience or to discuss the above further.

                    "Bradley G
                    Penn"                 To:     Gerald.Nemec@enron.com
                    <bgpenn@marath        cc:
ERGetz@GROUPWISE.MarathonOil.com,
                    onoil.com>            JCAlbert@GROUPWISE.MarathonOil.com
                                          Subject:     Platform Lease -Reply
                    05/26/2000
                    10:00 AM

Attached are our response and ratification agreement.
BGP

>>> "Gerald Nemec" <Gerald.Nemec@enron.com> 05/25/00 04:49pm >>>

Brad,  Can you give me a status on where you are at with the review of the
Lease
Docs for the MEGS Facilities? I forward those documents about a month back.

Gerald Nemec
Enron North America Corp. - Legal
(See attached file: MEGS.DOC)
(See attached file: MEGSRAT.DOC)


Mark -

A question came up today about the Password Application and the provision restricting the use of the password to the country in which the company applying for the password is located.

Sunoco is looking to sign up and has two agents in London who do US trades.  They wanted to know how the provision impacts this trading activity and, if it does prohibit the use of the password in the UK for US trades, is there a way to address this so that these agents can do work for Sunoco.

Please let me know your thoughts when you get a chance.

Thanks.

Mark


I will be out of the office Friday and Monday  November 3-6, 2000.  If you
require assistance with an EOL or ClickPaper-related contracts matter during
that time, then please contact my backup Stacey Richardson.  If I am out of
the office and you are unable to reach Stacey, then please contact our
manager Linda Bryan.

Global Online Trading Contacts
     Name   Work Telephone Pager Number
For all online-related Global matters: Karen Lambert  (713) 853-0605  (713)
707-6571
Backup     Stacey Richardson (713) 853-0569  (713) 710-6084
Manager     Linda Bryan   (713) 853-3538  (713) 709-3443

     Name   Work Telephone
For Global Counterparty matters only: Samuel Schott  (713) 853-9890
Backup     Adnan Patel  (713) 853-8335  (713) 788-9458  team pager
Manager    Mary Gosnell  (713) 853-1727

Global IT User Meetings
Please contact Stacey Richardson or Linda Bryan if you have Global IT user
issues while I am out.
Our regularly scheduled Global IT User Meetings will be Monday in EB49C4.
polycom (713) 646-3614
telephone (713) 853-4832

My Scheduled Vacation Days through Year End
Friday  November 3
Monday November 6
Monday November 20
Tuesday November 21
Wednesday November 22
Friday  December 15


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/09/2001 09:26 AM
---------------------------

"K. Bass" <daphneco64@bigplanet.com> on 01/09/2001 09:18:22 AM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Jason Bass <jbass1@houston.rr.com>
cc: Eric Bass <Eric.Bass@enron.com>, "Larry W. Bass"
<lwbthemarine@bigplanet.com>
Subject: Re: My Resume

Hi Jason,
?
Sorry I didn't see your message til late  yesterday.? I've been researching
our family tree and have been totally  consumed.? I believe I've traced it
back to 1658 on your Grandpa's  side.? Isn't that fascinating?? I began this
project for you and Eric  but, in the process, I have become consumed.? It's
very, very  interesting.? I will organize all of this in the future so you
and your  brother have it.? Part of the inspiration came from a book Shanna
gave me  for my birthday.? I started to fill in some of the blanks about our
family  and couldn't remember what Grandpa had told me.? I was saddened by
this and  now he is gone and I cannot ask him anymore.? So, I decided to do
something  about it. Our old family bible from 1853 gave me a good starting
point.
?
About your resume.? I think it is wonderfully  done.? I spoke with Dad and he
told me about his comments to you.? I  agree.? There is so much more about
you that is good.
?
Have a good day and I'll talk to you soon.?  I'm going to copy this to Eric
so I don't have to write it all over.? Off  to the cemeteries I go!!
?
Love you, Mom
----- Original Message -----
From:  Jason  Bass
To: Jason Bass ; lwbthemarine@bigplanet.com
Cc: Eric.Bass@enron.com ; daphneco64@bigplanet.com
Sent: Monday, January 08, 2001 9:10  AM
Subject: Re: My Resume

Let me actually attach the file this time  :-)
----- Original Message -----
From:  Jason  Bass
To: lwbthemarine@bigplanet.com
Cc: Eric.Bass@enron.com ; daphneco64@bigplanet.com
Sent: Monday, January 08, 2001 9:10  AM
Subject: My Resume

Would you do me a favor and look this over and  tell me things I should
change?? Please send it back to this  address.? You can make the changes in
the document and send the changed  document back.?  Thanks.


Ginger:  would you please distribute the following memo to the Government
Affairs group.  Thank you!

Congress continues to advance the Electricity Restructuring Legislative
debate.  On Tuesday, June 20th, the Senate Energy Committee plans to mark-up
and pass Senator Gorton's Reliability bill including the consensus state
savings clause language.  Attached below (attachment 6-17 jt.st.wpd) is the
46 page joint Senate staff draft which represents agreement in many areas,
but the differences remain significant.  No agreement was reachable at this
time in Committee on the extent of FERC jurisdiction to prevent unreasonable
differences between wholesale and retail service nor reached on the RPS.
Although the 46 page draft includes language on PURPA, Reciprocity ,Consumer
Protection, Interconnection, etc.; currently only two Senators support the
additional language included in the 46 pages; thus, the only chance of moving
through the Senate Energy Committee this year is to pass Reliability-only
now.  With the make-up of the Senate Energy Committee, our strategy is "to do
no harm" in committee thus, making the reliability language-only option
acceptable as a means to an end.  Enron does support the Reliability bill but
we will insist on adding transmission access and functional separation
language later in the process while EEI will insist on adding PUHCA while
APPA will insist on adding Private Use (thus, we can see what the final
consensus will look like; plus we have been involved in drafting the
consensus in all these provisions.....but timing and sequence are crucial.)

It might be helpful to remind everyone that the bills leading up to the
Energy Policy Act of 1992 as passed by the Committees were also amended in
Conference since it was impossible to garner the necessary Committee votes or
survive a Senate filibuster with any Committee-included wheeling language.
Transmission wheeling/ access language was successfully added in Conference.
Thus, the sequence of adding our necessary provisions remains key to a
successful strategy then as it does now.

Also attached is Chairman Bliley's Reliability and Transmission discussion
draft (section by section, summary and 005_PDF).  This is the foundation from
which he is willing to add additional consensus amendments. From Enron's view
,this foundation draft is our exact wish list to clarify FERC jurisdiction
over both bundled and unbundled transmission (although we have suggested a
few technical drafting points which have already been conveyed to staff.)  It
is important for all of us to convey our support for this draft as the
essential foundation for the bill.  Mark-up  will likely be scheduled to
occur during  the week of June 26th.

It is important to note that Subcommittee Chairman Barton is philosophically
opposed to the Bliley/Enron "pro-FERC" approach.  As such, he has asked Texas
PUC Chairman Pat Wood and Oklahoma Corporate Commission Chairwoman Denise
Bode to draft a compromise to lighten the FERC authority in favor of a more
Regional Approach.  I just got off the phone with Pat who walked me through
the draft he was submitting this evening to Barton (once it is officially
transmitted, I will be able to get a copy to you, likely on Monday or
Tuesday.)  From Pat's description, we should be able to be supportive since
he shares our views about  wholesale markets needing federal authority.   He
discussed a draft that mandates RTO participation, a seven point mandatory
RTO test  filed at FERC in 60 days after enactment, Ratemaking established by
the state but allowing FERC appeal, allowing FERC appeal if 2/3rd's
disagree,  State authority but also ongoing FERC authority with an expedited
dispute resolution process.  The seven point mandatory filing details are 1.
full wholesale competition under the same terms, rates and conditions; 2. RTO
sole functional control of transmission; 3. functional separation of
generation from transmission; 4. curtailment on non-discriminatory basis; 5.
all transmission uses disclosed and transparent (889); 6. constant assessment
of construction needs; and 7.  remedy and emergency authority for dispute
resolution.  He mentioned Denise's insistence for interconnection on a
non-discriminatory basis which he feels is adequately addressed in their
draft.

From Pat's discussions with Reliant on his draft, they again spoke in support
of Enron's transmission open access goals.  TXU remains concerned that ERCOT
will be pulled under FERC jurisdiction in the draft.  But, it is Pat's view
that this already has happened under the state law.

Our goal next week is to lock-in bipartisan House Committee support and House
Leadership support for the mark-up plus tighten the mark-up process so it is
transparent to all; plus to pass the Senate Committee bill.   A bill to meet
our established goals is still doable this year.  My strategy was always
based upon the necessity to lead with the reliability language in order  to
create a legislative vehicle for us to include our non-discriminatory
transmission access provisions.    Please call should you need clarification
or have questions.  Many thanks for your continued support.

 - sectionbysection.wpd - summarydoc.wpd - 005_.PDF


Chris,

I have set up a tentative conference call with John cogan for 10 a.m. CDT/8 a.m. PDT tomarrow.  Is this time good for you?  If not, please let me know what time is good for you.  I think John is pretty flexible as he is hanging out in New Orleans.

thanks,

kim


All:  I will be on vacation until October 16, 2000.  Because I am handling a
large number of brokerage agreements and electronic trading platforms (for
ENA and ECT Investments, Inc.), I have asked Jason Peters with Andrews and
Kurth (713-220-4124) to assist me.  Some of the agreements are for John
Greene who is currently in London and those agreements may reference English
law and the Financial Services Acts.  I have given Jason your names IN CASE
he has any questions.  Thanks for your help.  Sara


can you get my after 3 eol volumes asap


Gerald:

Just fyi...tomorrow is our 9/80 friday so I won't have any feedback for you
before next week.  I've read through the changes and personally think they
look fine, but I'll circle back with Chris & Dean next Monday and see if
they've got any problems with any of the changes.

Have a nice weekend.
Lori
---------- Original Text ----------

From: "Gerald Nemec" <Gerald.Nemec@enron.com>, on 6/22/00 3:36 PM:

Attached are the latest revised redlined documents for Lost Creek.   Please
note
the following:

1.  The changes include those that Chris and I discussed in Denver.  The
Capacity Allocation Agreement is redlined against the version BR had reviewed
earlier.  All other docs. are redlined against the originals.

2.  Due to the Credit Agreement structure, portions of the Natural Gas Fuel
Liquidation concept were placed into the Administrative Services Agreement.
This was done in order to allow that portion of the Natural Gas Fuel value
which
covers the Power Bill to be included in the Debt Service Coverage Ratio calcs
in
the Credit Agreement.  The remainder of the Natural Gas Fuel will be
distributed
under the Capacity Allocation Agreement to avoid the inclusive of these excess
amounts in any distribution tests under the Credit Agreement.

3.  Since more significant changes were made to the Admin. Services Agreement,
it is now being amended and restated.

Dean,  have you resolved the accounting questions you raised this past Monday?

(See attached file: Amended and Restated Admin(RED).doc)(See attached file:
AMENDED AND RESTATED CAPALLEXP AGREEMENT4RED.DOC)(See attached file: Amended
and
Restated LLC Agreement1(RED).doc)


Lee,

I'm reading your email to say that their requested changes are fine by you.
Please let me know if I'm wrong.

Thanks,

Kay

lee.johnson@ps.ge.com on 04/23/2001 02:17:04 PM
To: Kay.Mann@enron.com
cc:

Subject: RE: GE Turbine Contract Insertion Language

Kay,

I changed your edit to Exhibit A-1 to show that we're burning natural gas,
not liquid fuel.

Other than that, looks good.

Lee

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, April 23, 2001 12:21 PM
To: Johnson, Lee L (PS, GE AEP)
Subject: GE Turbine Contract Insertion Language

I hope this is the last thing.  Here's the latest version of the contract
sans these insertions.

(See attached file: Salmon Energy Agreement - Version 5.DOC)
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 12:14
PM ---------------------------

Kay Mann
04/19/2001 03:06 PM

To:   lee.johnson@ss.ps.com, kent.shoemaker@ae.ge.com
cc:   Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT

Subject:  GE Turbine Contract Insertion Language

Here's what Delta would like in the Salmon break out contract.  How does it
look to you?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 03:02
PM ---------------------------

"Richard Vicens" <rvicens@deltapower.com> on 04/19/2001 03:12:54 PM

To:   <Stephen.Thome@enron.com>, <kay.mann@enron.com>,
      <CCampbell@KSLAW.com>
cc:   "Lang, Gregory F." <gregorylang@paulhastings.com>, "PARKER, Isabel"
      <isabel.parker@freshfields.com>, "Anthony Harrington"
      <aharrington@deltapower.com>

Subject:  GE Turbine Contract Insertion Language

(See attached file: Adjustment Language.DOC)

 - Salmon Energy Agreement - Version 5.DOC


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/15/2001 03:24 PM -----

	"US Publishing" <brice@restructuringtoday.com>
	05/15/2001 03:44 PM
	Please respond to brice

		 To: "RT Reader" <brice@restructuringtoday.com>
		 cc:
		 Subject: Restructuring Today, Tuesday May 15, 2001

(see attached file:  rt010515.pdf)

Thank you,

Season Hawksley
US Publishing
800-486-8201
 - rt010515.pdf


Joe,

My name is Castlen Moore, and I work with Narsimha Misra on the EES desk.  Anna Santucci and I are managing the Nepool hedging for EES, and Narsimha mentioned you might have a spreadsheet that could be helpful to us.  He said he thought it was pulling info daily from the web on various fundamentals.  Give me a call or email me when you have a minute.  Anything on Nepool would be greatly appreciated by Anna and I.

Thanks!
Castlen
58528


Thanks--I appre ciate your willingness to help.  One thought Dot had is that
it might make sense to use someone (i.e., Denise or Ja) who does the actual
entry of payables into SAP.  Do you do any of that stuff directly on SAP?
Stop by and grab me for a minute and we'll decide who to use for this.  df

From: William E Brown/ENRON@enronXgate on 03/26/2001 04:02 PM
To: Drew Fossum/ET&S/Enron@ENRON, Louis Soldano/ENRON@enronXgate, Dorothy
McCoppin/ENRON@enronXgate, Jim Talcott/ENRON@enronXgate
cc:

Subject: RE: iBuyit Payables Workflow Tool Stakeholder Kickoff Luncheon March
20

While I presently do not possess all of the qualifications requested below,
I'm certain I can rise to the occasion.  Let me know if its a "go" with me.

bill

 -----Original Message-----
From:  Fossum, Drew
Sent: Sunday, March 25, 2001 10:39 PM
To: Soldano, Louis; McCoppin, Dorothy; Brown, William E.; Talcott, Jim
Subject: iBuyit Payables Workflow Tool Stakeholder Kickoff Luncheon March 20

Got any ideas on who would be the best person in our group to work on this?
Thanks.  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/25/2001
10:38 PM ---------------------------

Mark Greenberg
03/23/2001 04:01 PM
To: Robert Eickenroht/Enron@EnronXGate, Drew Fossum/ET&S/Enron@ENRON, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Koogler/Enron
Communications@Enron Communications, Kelly Higgason/HOU/EES@EES, Jordan
Mintz/Enron@EnronXGate
cc: Rob Walls/ENRON@enronXgate, Mark E Haedicke/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT

Subject: iBuyit Payables Workflow Tool Stakeholder Kickoff Luncheon March 20

To All -

I have been asked to be the Legal Department stakeholder for the final
development and implementation of the iBuyit program.  Basically, iBuyit is
an intranet based procurement and payables systems being developed for
implementation across Enron.  It is intended that this system will become the
standard method for purchasing any number of services and for paying the
invoices associated with these purchases.

As a stakeholder, it is my responsibility to assist with the development of
the product and its marketing (internal to the various Enron Legal
Departments).  In order to ensure that the development and implementation run
as planned, the program calls for the appointment of "Change Agents," -
defined as:

"individuals who are highly respected within their area and known as the 'GO
TO' people among their peers."

Though I am sure this definition fits each of you to a tee within your
respective departments, I am also well aware that schedules may prohibit you
from being the Change Agent.  Accordingly, what I am in need of is assistance
in designating that one person within your respective departments who can
become the Change Agent for your group.  The responsibilities of this
position are the following:

 - to disseminate communications regarding the project
- to develop awareness and ownership of the product among their department
- to encourage use of the product
- identify those who will need training
- encourage peer training attendance
- engage in rumor control (basically relay the facts of the program and not
the myths (e.g., the product will replace jobs))

In picking the appropriate candidate, I would make sure that he/she has a
working knowledge of the procurement and payables practices of your group,
together with knowledge of the SAP system.  Since the iBuyit system will
interface with SAP, this latter knowledge would be very useful.

Please let me know as soon as possible who is the likely candidate from your
group so that I can meet with them and bring them up to speed on the
program.  For your benefit, I have attached below the general information
that has been provided to stakeholders about  the program.

If any of you should have any questions, please call me.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/23/2001 03:05 PM -----

	Bob Butts Sent by: Dortha Gray 03/12/2001 05:31 PM 	   To: Karen
Choyce/Corp/Enron@ENRON, Morris Brassfield/OTS/Enron@ENRON, Wanda
LaBaume/Enron Communications@Enron Communications, Carolyn Barrett/Enron
Communications@Enron Communications, Mildred Dworsky/Enron
Communications@Enron Communications, Elaine Schield/Corp/Enron@ENRON, Kerry
Roper/GPGFIN/Enron, Nancy Haralson/NA/Enron, Steve Frazier/HOU/EES@EES,
Pamela Rush/Corp/Enron, Thao Nguyen/ENRON_DEVELOPMENT, Joanne
Tran/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Mark Greenberg/NA/Enron@ENRON,
Elizabeth Linnell/NA/Enron@Enron, Allen W Ueckert/NA/Enron, John
Gillespie/Corp/Enron  cc:   Subject: iBuyit Payables Workflow Tool
Stakeholder Kickoff Luncheon March 20

You have been selected to attend a Stakeholders Kickoff Luncheon on March
20th from 11:00 AM to 1:00 PM at the Double Tree Hotel in the Travis Room, to
learn more about the new iBuyit Payables Workflow tool.  The iBuyit Payables
Workflow tool is fully automated and will allow for greater ease and accuracy
when coding and approving invoices.

At the luncheon:
o You will be the first to see the iBuyit Payables Workflow tool
o We will be asking you for input on the tool
o We will reveal more about your role in the success of the iBuyit Payables
Workflow tool

Please review the attached Stakeholder Roles and Responsibilities and the
slides of the iBuyit Payables Workflow tool.  We will have additional copies
for you at the luncheon. Also, please bring your list of identified Change
Agents with you. (Change Agent is defined in the Stakeholder Roles and
Responsibilities attachment)

If you cannot personally attend, be certain to send an alternate.  Direct any
questions about the event or any special dietary requests to Judy Knepshield
at X-35788.

 << File: STAKEHOLDERS ROLES & RESPONSIBILITIES.ppt >>  << File: P2P -
Management Meeting (v.2.28.01).ppt >>


I talked to Stacey Dempsey today.  We are going to do this.  I had lunch with
Jeff today.  I am not coming back until March 1.  (Actually I have to work
one day in February to get my bonus-if I get one-and to get my 2001 vacation.
----- Forwarded by Stacy E Dickson/HOU/ECT on 01/22/01 03:00 PM -----

	Stacey Dempsey@ENRON
	01/22/01 02:47 PM

		 To:
		 cc: (bcc: Stacy E Dickson/HOU/ECT)
		 Subject: MSN pilot

MSN DSL Service

The ClickAtHome program will be launching DSL service through MSN in mid
February.  We are looking to identify a group of volunteers who are
interested in helping us test the MSN installation processes prior to that
launch.

What's involved?
Participants will be asked to order MSN DSL service through the regular MSN
retail  website or call center.  We will ask for your feedback on MSN's
performance during and after the installation process.  As MSN requires a
1-year contract (through both the standard retail process AND the ClickAtHome
plan), participants will continue their service with retail MSN for the
period of this contract.  Participants will receive their ClickAtHome program
subsidy through a monthly reimbursemet process which will require the
completion and submission of a reimbursement form.

Why do you want to participate?
You can order your DSL service now!
You will receive your ClickAtHome DSL subsidy
We will convert your account to the ClickAtHome plan after your 12 month
period has expired
To Help out ClickAtHome Team

What is the downside of participating?
Your order will not be placed through the ClickAtHome website, but rather
through the standard MSN site
You will be required to pay the full monthly bill and apply for a
reimbursement each month
You will be in a 12 month contract with MSN (the standard Enron plan will
also require a 12 month contract)

Interested?
If you are interested in volunteering, please send your response to
clickathomepilot1@enron.com for further information.  Thank you from the
ClickAtHome team!


Hope everyone had a wonderful Thanksgiving holiday and  welcome back!
?
Well...after a brief  series of technical issues, we have the Haas Student
Supply store back up and  running with a variety of commonly needed items.?
Just to give you an idea  of some of the goods you can purchase at Haas,
here's a short  list...
?

AA & AAA  batteries
Single 100MB  ZIP disks
CD-RW's?(for all you music lovers...)
Sanford  Rollerball pens (black & blue)
Kodak  film
Penguin Caffeinated Peppermints
Disposable  cameras
Epson and  HewlettPackard Inkjet  cartridges.
...and  more!!!

We've also added  n inkjet?cartridge selector, so if  you know your printer
model, the machine knows which cartridge fits the printer  you've
selected!!!??Our prices are competitive with the bookstore, and  your can
easily pay with most major credit/debit cards!!!
?
We want to thank you  for your patience and let you know that we're ready to
serve your needs  again.? If you have any questions or suggestions, please
don't hesitate to  write us!? Send any feedback to:
?
comments@zoomsystems.com
?
Thanks  again,
?
Zoom  Systems


Richard,
 Please set it up for each party to sign.  Signature for a 18 month deal is
mandatory.  Has credit approved the deal?

	Richard Deming@ENRON
	06/04/2001 12:02 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Coast Energy Group, a division of Cornerstone Propane, L.P.

Dan,

Please find below details of Phy Gas deals with GTC agreements:

Deal Date: 6/01/01
Deal No: VE1652 / 826079
Buyer: Coast Energy Company, a division of Cornerstone Propane, L.P.
Seller: ENA
Start Date: 7/01/01
End Date: 6/30/02
Firm
Volume: 166 / day
Price: 7.21000
Delivery Point: Pacific Gas and Electric Company - City Gate

Please let me know if you need any more details.

Thanks,
Richard
x54886


Hi, Kay.

There's great news for you over at Classmates!

You've asked us to keep track of your fellow Southwest
classmates. The following are recent additions to your school:

3 people found from the class of 1969
4 people found from the class of 1970
1 person found from the class of 1971
6 people found from the class of 1972
6 people found from the class of 1973
3 people found from the class of 1974
3 people found from the class of 1975
1 person found from the class of 1976
2 people found from the class of 1977
2 people found from the class of 1978
3 people found from the class of 1979
2 people found from the class of 1980
3 people found from the class of 1981
1 person found from the class of 1982
5 people found from the class of 1983
3 people found from the class of 1984
2 people found from the class of 1985
2 people found from the class of 1986
2 people found from the class of 1987
4 people found from the class of 1988
2 people found from the class of 1989
1 person found from the class of 1990
4 people found from the class of 1991
6 people found from the class of 1992
2 people found from the class of 1993
1 person found from the class of 1994
3 people found from the class of 1995
2 people found from the class of 1996
4 people found from the class of 1998
2 people found from the class of 1999
1 person found from the class of 2000
2 people found from the class of 2001
2 people found from the class of 2002

See who they are. Follow the link below:
http://www.classmates.com/go/e/77821201/MM114/MM07

Some things get better with age. Are you one of them? Why
not show off your improvements with a paid membership?
Upgrade your access to Classmates.com for US$29.50 and get
in touch with the old gang.

http://www.classmates.com/go/e/77821201/MM114/MM10

Sincerely,

The Staff at Classmates
Delivering thousands of memories a day.
____________________________________________________________

We hope you enjoyed receiving this message; if not, update
your email subscriptions.
http://www.classmates.com/go/e/77821201/MM114/CM18

If this email was sent to you in error, please remove your
name from our member directory.
http://www.classmates.com/go/e/77821201/MM114/CM02


I just received the shirts this morning.  They are perfect.  It's a pleasure
doing business with you.


---------------------- Forwarded by Susan J Mara/SFO/EES on 09/07/2000 04:28
PM ---------------------------

bchen@newenergy.com (Bill Chen) on 09/07/2000 05:50:41 PM
To: arm@phaser.com, douglass@arterhadden.com, jbennett@gmssr.com,
gac@mrwassoc.com, rbw@mrwassoc.com, has@mrwassoc.com, jnnc@chevron.com,
daoa@chevron.com, ADeveau@sel.com
cc:
Subject: 9/7/00 CPUC Mtg. - Recap

All,

Here's a summary of the actions taken at this morning's CPUC meeting.

SDG&E Rate Stabilization Plan

CPUC voted 5-0 to approve the Rate Ceiling Plan that implements AB 265
signed yesterday by Governor Davis.  The Plan basically tracks the
language of AB 265 by establishing a ceiling of 6.5 cents per kWh per
month on the electricity rate component of bills for residential, small
commercial and lighting customers.  The class of small commercial
customers, as defined in AB 265, also include all SDG&E customers on Rate
Schedule A, general acute care hospitals, K-12 public and private schools,
and all SDG&E customers on Schedule AL-TOU under 100 kW.  The Plan is
retroactive to June 1, 2000, extends through December 31, 2002 and is
effective immediately though it can be extended for another year if the
public interest calls for an extension.  SDG&E is required to record any
revenue shortfalls to a balancing account within the TCBA with any net
revenues generated from SDG&E-owned or managed generation assets to be
used to offset any undercollections that result.

In addition, AB 265 charged the CPUC with setting up a voluntary program
for large commercial, agricultural and industrial customers who procure
energy from SDG&E so that these customers may elect to cap the electricity
rate component at the 6.5 cents ceiling, with a true-up after a year.  The
CPUC is giving parties 15 days from today's decision to file comments on
this provision with reply comments due 15 days after the comments are due.

Moreover, the CPUC also ordered that the investigation into the electric
market opened by the August 3 OII be broadened specifically to address the
issues raised in Assembly Joint Resolution (AJR) 77.  AJR 77 emphasized
the need to review "the options for correcting the electricity market,
methods to eliminate price volatility for consumers and methods of cost
recovery and cost allocation."

Lastly, AB 265 also orders an investigation into the prudence and
reasonableness of SDG&E's procurement of wholesale electric energy
beginning on June 1, 2000.  Based on its findings, the CPUC is authorized
to take action on behalf of SDG&E customers, including, but not limited
to, refunds.

No public comments were made on this matter.  The Commissioners' comments
were basically limited to statements such as the Legislature and the
Governor have spoken, and we are bound to implement AB 265 immediately.

RAP '99

No big surprise here, this was held to the next meeting.

SDG&E Bilateral Contracts Authority

Held to next meeting.

Other Energy Matters

Most of the energy Resolutions were held over to the next meeting such as
SCE's master-metering request, PG&E's request to modify its Price
Responsiveness Load Program (E-BID) and PG&E's request to file a new
tariff, OBMC-Optional Binding Mandatory Curtailment Plan.


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content that includes Disclosure, Worldscope, Datastream and I/B/E/S.  The
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Training Agenda Includes:
? General Introduction.
? Basic ticker query building

Attend our Piranha Clinic:

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Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
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Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

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