Andy,

When you have some time, can we get together on the circumstances under which we should charge a business unit for the addition of a new Product Type?

I'm thinking specifically of the units which do receive a cost allocation, but are adding products which in our opinion are of questionable economic benefit.

These could be charged in accordance with our current price schedule. i.e. new Product Types added to existing businesses could be charged the incremental setup fees.  New Businesses would be the 250K.

If the Product Type is of clear benefit (e.g. Options for US Gas and for the guys we are training this week), then the costs would be part of next year's allocation.

What do you think?

Dave


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I have left a message for Jim. I will be getting back from working a week in
the Portland office on Sunday, so we would have to leave on Monday. Are any
other weeks after that good?

	Michelle Blaine/ENRON@enronXgate
	05/27/2001 10:49 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: South America

;
Hi Richard,
How about the week of July 16-17?; That works for Novak and me.; I,ll make an
agenda.; Please check with Jim.
;
;
; Rgds,
;;; ;;Michelle


Enron Federal Credit Union will close at 3:00 p.m., Monday, March 19, for our
Annual Business Meeting.  All members are invited to join us in EB 5C2 at
4:00 p.m., when we will elect board of directors and review the financial
state of the Credit Union.


Start Date: 10/10/01; HourAhead hour: 22;  No ancillary schedules awarded.  Variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101022.txt

Error retrieving HourAhead price data - process continuing...


Steve,

Thanks a lot.

Vince


Sara,
This means the agreement is done and executed?
Thanks. Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/23/2001 09:58
AM ---------------------------
From: Sara Shackleton on 03/23/2001 09:58 AM CST
To: Sheila Glover/HOU/ECT@ECT
cc:
Subject: Re:  Brokerage rates (J.P. Morgan Futures)

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 03/23/2001 09:58 AM -----

	Sara Shackleton
	03/23/2001 09:57 AM

		 To: Sara Shackleton/HOU/ECT
		 cc:
		 Subject: Re:  Brokerage rates (J.P. Morgan Futures)

Sheila:  Thanks for the message.  I spoke with Mike Schneider (who contacted
me - he's at 212-648-1164) to confirm our agreement and wanted to let you
know that he was apologetic for having not having "better rates" to charge
ENA.  He said he's been after Enron's business for some time and hopes to
reduce rates in the course of business, if possible.  I thought you might
want to have this bit of information.  Regards.  Sara

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

	Sheila Glover
	03/20/2001 05:13 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Theresa T Brogan/HOU/ECT@ECT
		 Subject: Brokerage Rates

Sara,
We are okay on the rate schedule as it stands.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/20/2001 05:04
AM ---------------------------

	From:  Sheila Glover                           03/20/2001 11:12 AM

To: Theresa T Brogan/HOU/ECT@ECT, Greg Whiting/Corp/Enron
cc: Pushkar Shahi/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT
Subject: Brokerage Rates

Theresa and Greg,
The rates from JP Morgan for the Futures account appear to be competitive
(acutally better) than the terms for our other current agreements.
With 90 day t bill at 4.41%, 90% of this is 3.969% on the credit side vs 4.16
using JP morgan's less 25 bp.
On the debit side it is competitive.
Therefore, I am okay with the rate schedule from JP morgan and we can go
ahead unless anyone can see an objection.
Thanks. Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/20/2001 04:59
AM ---------------------------

	From:  Theresa T Brogan                           03/19/2001 10:12 PM

To: Sheila Glover/HOU/ECT@ECT
cc:
Subject: Brokerage Rates

Sheila,
 Below is the information I received from Joe Hunter's group regarding
funding rates for some of the exchange brokers.  For comparison JP Morgan's
Futures funding rates are:

  Credit rate     Debit rate
US Dollars 90 day US TBill auction rate less 0.25%  JP Morgan Overnight
Borrowing Rate plus 0.25 %

TB
---------------------- Forwarded by Theresa T Brogan/HOU/ECT on 03/19/2001
03:47 PM ---------------------------

Jason Fischer@ENRON
03/19/2001 03:09 PM
To: Theresa T Brogan/HOU/ECT@ECT
cc: Larry Joe Hunter/HOU/ECT@ECT
Subject: Brokerage Rates

                                              CREDIT
RATE                             DEBIT RATE

BNP Paribas                  90% of 90 day T-Bill rate
They loan Enron the money

                                      with no interest cost.

ED&F MANN                 100% of 90 day T-Bill rate                    150
Basis points over

                                            fed fund rate

REVCO                         90% of the 30 Day T-Bill rate
1%  over Prime Rate


Don't know if you received this or not, version of Doorstep as presented to
Sherriff...

---------------------- Forwarded by Brent A Price/HOU/ECT on 05/03/2000 09:11
AM ---------------------------

Rebecca Morrill
05/03/2000 02:01 PM
To: Brent A Price/HOU/ECT@ECT
cc:
Subject: Doorstep Report

Brent

Doorstep report as presented to John Sheriff.


Tana,  Stephanie and I just confirmed that I still do not have full access to
lotus notes.  I cannot, for example, edit any legal notes re: our
brokerage/trading agreements.  Stephanie suggested that I ask you for
guidance.

Stephanie, as per our discussion, in the meantime can you put the following
updates in Lotus notes:

ITG POSIT:   Cheryl sent document for execution on 2/8.  Sheila Glover
suggested changes to pricing schedule.  2/9 Cheryl called counsel regarding
need to edit.

WSI:  2/9 Cheryl talked to John Bosse and recommended some material changes.
Bosse is sending a forecast agreeemtn today so that some terms therein can be
implemented into a final draft.  Will call on Monday to follow up.

Bear Sterns InterConnect:  2/9 Cheryl sent an email message to Christine
Durlin and she responded.  We are in the process of discussing problematic
issues re: arbitration and indemnification.  Bear Sterns apologized for the
delay -- they admitted to losing the paperwork and changing personnel who
were handling the agreement.  Cheryl and Christine plan to look into the
issues and talk Monday or Tuesday.

Robertson Stephens:   2/9 Cheryl called Alberto Delgadillo again asking for
the status on their legal review.
2/5: Samantha called -- they said they never got the comments that our
outside counsel sent on 1/5 so Samantha resent.

JP Morgan: 2/9 & 2/1 Cheryl left message for status of their review of our
comments.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693


Agreed.  Need to talk this morning about our exposures.

Jim

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Wednesday, October 24, 2001 6:42 PM
To:	Steffes, James D.
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

You are right, but Jeff was much quicker to point out my error.  Might I be distracted by everything going on around me??

Wanda

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, October  24, 2001 4:13 PM
To:	Dasovich, Jeff; Curry, Wanda
Cc:	Tribolet, Michael
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

I know that SCE is taking this position.  They are simple wrong.  Unless and until we get all of our "positive" CTC back from the Utility, why should I even begin to consider their "goofy" arguments.  In addition, SCE is receiving $3.3 B which is a full payment of all Negative CTC.  If their issue is to have a Undercollection charge against all customers, that's a different policy matter.  The CPUC agreed to the idea of Negative CTC and SCE needs to pay.

Also, if we are 5% of load and the Undercollection is $3.3 B, I think that SCE would be looking for $165 MM - our entire claim.  They aren't talking about 5% from our view $150 MM claim.

Jim

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 23, 2001 6:18 PM
To:	Curry, Wanda
Cc:	Steffes, James D.; Tribolet, Michael
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

Need to think about it a bit.  Here's some of what we know based on the settlement:

Total debt = 6.35 B
After they contribute all cash on their books and agree to eat a little, the PUC is allowing them to collect somewhere between $3.0-3.3B--depends on who you talk to.
The total owed to ESPs is $243 MM.

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, October 23, 2001 5:56 PM
To:	Dasovich, Jeff
Cc:	Steffes, James D.; Tribolet, Michael
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

Jeff,

Do we know how much Edison's total under collection is?  Would it be as simple as to determine their total (around $3 billion?) and  gross receivable (before any payments - 145 million) and calculate the % (around 5%)?  This would result in a pretty small percentage.  Another way to look at it would be on a % of load basis.  If you use the DA load information Sue forwarded to us on October 1st,   this % (5.7%)  would also be very small.  How do you think they will look at it?  I think we would all agree to a 5% haircut, if they would JUST PAY US!

Wanda

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October  23, 2001 5:19 PM
To:	Steffes, James D.; Curry, Wanda; Tribolet, Michael
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

Wanda:  I faxed the examples that Edison faxed us and that you and Michael and I talked about some time back.  I'm sure that's how Edison would calculate it.  Does it make sense to run the numbers and see what our "contribution" to Edison's undercollection would be under Edison's view?  If you need another copy, let me know.  Question:  I don't know what our book looks like on this issue, but if we were to take the "netting" through a reduction in the PX credit going forward, how much of a hit would that be, particularly if we were to get the $120 MM up front?

Best,
Jeff

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, October 23, 2001 5:05 PM
To:	Dasovich, Jeff
Subject:	FW: Conversation with Edison re: Getting Negative CTC Paid

Jeff --

How would we calculate EES' "contribution" to SCE undercollection?

Jim

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 23, 2001 5:02 PM
To:	Shapiro, Richard; Steffes, James D.; Mellencamp, Lisa; Tribolet, Michael; Sanders, Richard B.; Kean, Steven J.; Sharp, Vicki; Smith, Mike; Williams, Robert C.; Curry, Wanda; Swain, Steve; Huddleson, Diann; Calger, Christopher F.; Belden, Tim; Dietrich, Janet
Subject:	Conversation with Edison re: Getting Negative CTC Paid

I talked to John Fielder (SVP Edison) about setting up a meeting for Barry Tycholiz with Edison's CFO about hedging Edison's QF price risk. Fielder wanted to talk about the negative CTC issue. Here's what he said:

They plan to "settle" with the ESPs and pay them when they pay everyone else, which he re-iterated would be sometime in Q1'02.
Edison is holding firm to the notion that the negative CTC contributed to the utility's undercollection and that the ESP's share of the undercollection has to be netted against the payables attributable to the negative CTC and owed the ESP.
He said that they will propose to net it out in one of two ways:  1) lump sum netting (i.e., if they owe $50MM and the share of the undercollection is $30 MM, then they pay the ESP $20 MM; or 2) future reductions in PX Credit (i.e., they pay the ESP $50 MM, and then reduce the PX going forward until the $30 MM is paid down).  The numbers are illustrative only.
In addition, he said that they have the view that a decision is going to have to be made about 1) whether DA customers pay for stranded costs tied to the DWR L-T contracts, and 2) whether DA customers pay going forward for stranded costs tied to the QF contracts.  (Edison is clearly lobbying the PUC to get DA customers to pay for these costs.)
I recommended strongly that he de-link issues 1 and 2 above from the issue of paying us ASAP what they owe us for negative CTC.  He agreed.
He said that the PUC judge's recently issued pre-hearing conference order requires that Edison "meet and confer" with ESPs prior to the Nov. 7th hearing, and that Edison intends to set something up with ESPs prior to that hearing.
Fielder is also the point person on "getting ESPs paid" and intends to initiate settlement discussions with ESPs week after next.
It was very clear from the conversation that Edison is going to do everything possible (at the expense of creditors) to maximize headroom under the settlement it struck with the PUC a few weeks ago.  Edison's stalemate with the QFs is evidence of it.  We shouldn't assume anything different with the Negative CTC issue.

If you have any questions, let us know.

Best,
Jeff


Member Services
Notice No. MS-21
April 11, 2001

COMMODITY EXCHANGE, INC.

SWITCH OF STATUS

Please be advised that effective immediately, April 11, 2001, Henry Chandler
(CHAN-7043) will switch his status from an option member to a licensee
member.  However, Mr. Chandler will remain a member guaranteed by Rosenthal
Collins Group.

Inquiries regarding the above should be directed to the Member Services
Department at (212) 299-2370.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-21)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/25/2001 08:13
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/24/2001 06:20:22 PM
To: "'gregorylang@paulhastings.com'" <gregorylang@paulhastings.com>,
"'estelle.a.lawrence@citi.com'" <estelle.a.lawrence@citi.com>,
"'iparker@freshfields.com'" <iparker@freshfields.com>,
"'rvicens@deltapower.com'" <rvicens@deltapower.com>
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>, "'stephen.thome@enron.com'"
<stephen.thome@enron.com>, "'paul.garcia@enron.com'" <paul.garcia@enron.com>

Subject: Escrow Agreement

 <<Escrow Agreement Enron Salmon LLC.DOC>>
 <<RED.Escrow Agreement Enron Salmon LLC.DOC>>
Ladies and Gentlemen:

We have enclosed what we believe is the final draft of the Escrow Agreement
for the ENA/PPL transaction.  Also enclosed is a blacklined copy reflecting
changes from the draft circulated earlier today.  If you have any questions
or comments, please advise.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosure: 137032v6
  137032vR6/5

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - Escrow Agreement Enron Salmon LLC.DOC
 - RED.Escrow Agreement Enron Salmon LLC.DOC


Given the negativity toward Enron at the CPUC, should we not file comments if
these express our position?

 -----Original Message-----
From:  Mara, Susan
Sent: Friday, June 22, 2001 9:47 AM
To: Williams, Robert C.
Cc: Kean, Steven; Dasovich, Jeff; Steffes, James; Kingerski, Harry; Sharp,
Vicki; Curry, Wanda; Kaufman, Paul
Subject: AReM/WPTF Comments on Draft Decisions Regarding PX Credit and Direct
Access

Dan Douglass has drafted joint comments for two coalitions in which Enron is
a member -- Alliance for Retail Energy Markets and Western Power Trading
Forum.  Robert, feel free to contact Dan directly with your comments.  Let me
know your thoughts as well.  I am out of the office at a WPTF meeting. Dan is
here as well. If you need to contact me, you can leave me a message on my
office phone or try my cell (415 -- 902-4108), but I'm not sure the cell is
working all the time.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/22/2001 07:35 AM -----

	"Dan Douglass" <douglass@energyattorney.com> 06/20/2001 10:59 PM 	   To: "ARM"
<arem@electric.com>  cc:   Subject: Comments on Draft Decisions Regarding PX
Credit and Direct Access

Attached for your review and comment is my first draft of comments to be
filed on Monday with regard to the draft decisions of ALJ Barnett and
Commissioner Bilas.  Please review it carefully, as I have thrown in
everything I can think of on a rush basis, and it may require some
significant  editing.  Pay particular attention to Section V dealing with
Bilas' request  for parties to discuss alternatives to DA suspension.  The
draft offers a  compromise to the DWR's concerns, as expressed in the
Angelides memo.   Also, notice that Section VI urges the Commission to
bifurcate the DA and PX  credit issues, acting quickly on the first, if it
must, but more leisurely on  the PX credit subject.

Finally, I have a suggestion in the form of a question.  How  would AReM
members feel about making this a joint filing with WPTF?  There  is
cross-membership between the two groups and the same issues would be raised
in the separate filings which I am otherwise prepared to draft.  This draft
would requires some modifications so as to refer to the "Joint Parties" as
opposed to solely mentioning AReM, and I might  add a section dealing more
explicitly with WPTF's contribution to getting the zero minimum bill
stipulation  signed in the first place.  Otherwise, the document would stay
much as it  is (subject to your input over the next few days, of course).
Please let  me know what you think asap, as I am already working on a WPTF
draft.   Incidentally, I will also be filing comments on behalf of ABAG which
will  support the positions taken in the attached document, but I am not
proposing  that ABAG also be a party to this filing.  Thanks for your help!
Comments as soon as possible would be very much appreciated!

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite  244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:   (818) 346-6502
douglass@energyattorney.com << File: file://C:\Program Files\Common
Files\Microsoft Shared\Stationery">
<STYLE>BODY {
 MARGIN-TOP: 25px; FONT-SIZE: 10pt; MARGIN-LEFT: 25px; COLOR: #000000;
FONT-FAMILY: Arial, Helvetica
}
P.msoNormal {
 MARGIN-TOP: 0px; FONT-SIZE: 10pt; MARGIN-LEFT: 0px; COLOR: #ffffcc;
FONT-FAMILY: Helvetica, mailto:douglass@energyattorney.com >>

 - Blank Bkgrd.gif << File: Blank Bkgrd.gif >>
 - 6-25-01 AReM Comments - Draft 1.doc << File: 6-25-01 AReM Comments - Draft
1.doc >>


Shirley,

I am scheduled to take vacation on December 22, 27, 28, and 29.

Thanks,

Charlie


Steve, below is a partial answer to most of your questions.  Can we set a time for Wednesday afternoon 12/5 to talk?  thanks

Max Hourly Quantity:  we are reviewing capability to deliver the MHQ in a 16 hr block.  Doesn't appear to be any problem but we are working thru the hydraulic studies to verify and quantify.  What will be the plant's complete hourly capability?  If you're  receiving gas from both TW and EPNG, and for some reason EPNG shut off deliveries, we can model the impact of delivering all the plant's requirements for known durations.

Contract Rate:  will be a negotiated rate (eliminates rate risk for Gila).  The rate design is currently one-part (no differentiation between reservation and commodity).  The rate does not include ACA / GRI surcharges or fuel.  It covers a minimal return on the project's capital cost plus the ongoing O&M.

Fuel Rate: Fuel was set with the shippers in the 1996 rate case; the offer to Panda is consistent with the current tariff.

Delivery Term:  as the term gets shorter, the rate by necessity, goes up to cover the return hurdles.

Services:  delivery pressure at the Panda / EPNG interconnect should be a minimum 700 #

Capacity of the lateral from Copper Eagle to EPNG will be 500,000 Dth/d.

Alternative rec/del combinations:  Our thought here was if Panda is willing to commit to taking capacity in the project, then TW would give you all the necessary flexibility to move gas to other destinations at the Contract rate.  For instance, Panda would be paying a one-part rate for delivery to the plant.  If for some reason, plant demand was reduced, then you would have all the flexibility to move gas to alternative markets.

Backhaul:  the 50,000/day would be a guarantee.

Daily imbalances, short notice start up/ shut down:  We have to plan for the worst case scenario and assume there is no storage.  With this in mind, TW will have some flexibility just due to the size of the project (36" pipe and 700 - 900 # pressure) but this will depend on what other shippers are doing.  Again, we are modelling the hydraulics.


Neil,

I would like to apologize for the confusion regarding Anshuman.
We have floated a number of possible scenarios regarding his
trip to Houston and there was a lot of confusion
regarding the terms (given that I was talking to Sandeep
every few days).

Currently, we expect Anshuman to come   to Houston for one month
to work on the DPC  project (at Jeff Shankman's request). The lawyers advised
me that we need an L1  visa  for him, irrespective of the duration
of  his stay.

Sorry for the confusion.

Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361
Phone: (713) 853 3848
Fax  :  (713) 646 2503
E-mail: vkamins@enron.com


Sorry to take so long--Denise Lagesse of our group has graciously volunteered
to represent us on this effort.  Please call me directly if you need my input
or if I can do anything else to help.  Thanks Denise.  df

Mark Greenberg
03/27/2001 10:00 AM
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

Subject: iBuyit Program

To All -

Just a follow-up message to each of you about the iBuyit program.

I am still in need of a designated volunteer from each of your groups to act
as a Change Agent for this program.  Since it is a Corp. initiative and will
be implemented over time, I need to make sure all areas of the Legal Dept.
are on board.

Please provide me with the name of at least one person within your group who
fits the Change Agent bill.  For those that have forgotten, the Change Agent
is defined as follows:

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

Their responsibilities are:

- 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))

Information needs to be distributed to these individuals as soon as possible
so that they can be prepared for demonstrations of the iBuyit product next
week.

Thanks for your assistance.

If any of you have any questions, please let me know.

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


When I got home at 2:15 am, I remebered how much I love the PRC.  (oops,
sorry, I just had to wipe off the keyboard--my brains were on it)

Alexandra Saler@EES
01/09/2001 09:17 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

we can have a head exploding contest.  actually, mine is just spinning right
now.  how was prc?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

We must work on the housewarming!  I decided best to do it with no
furniture.  Early Feb I think.  N.O. sounds great.  Have I mentioned my head
may explode and that the video will be on "Amazing Home Videos" on the WB?

Alexandra Saler@EES
01/08/2001 07:51 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

poor you.  was it gross?  I hope that you had a great weekend.  I have a
crazy two days, then off to New Orleans until sunday for a conference.  I am
really excited, but I hate leaving town when I am so busy.  what did you do
this weekend?  oh...Harold wants to know when the house-warming is?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I was in La Madel. this morning  (Sun) having coffee and juice, and I thought
for SURE I was going to see you there!

Alexandra Saler@EES
01/04/2001 10:54 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I just spoke to my sister and she goes to the doctor on monday.  the baby's
heart is the size of a poppy seed, and the baby is the size of a bean.  she
and josh are calling it their "beanie baby."  isn't that cute?

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

Have a great evening--I'm out of here!

Alexandra Saler@EES
01/03/2001 09:46 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re:

I know what you mean.  let's figure out when we both have some free time and
maybe we can go to a fun dinner and blow off some steam.

To: Alexandra Saler/HOU/EES@EES
cc:
Subject: Re:

I think my head spun, then exploded.  Ditto on the busy part!  Trying to get
Max and Chloe ready for their departure Friday, meeting with contractors, and
work.  OY.

Alexandra Saler@EES
01/02/2001 11:35 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

happy new year!  I hope that you are having a great day.  my head is
spinning....I have so much to do, I don't know where to start!


Hi Evening MBA students:

Registration materials have been placed in your Haas Evening MBA
mailboxes.  Please check your mailboxes when you're here this week.

We're posting course descriptions to the web over the next few days.

See you,
TJ


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2001
04:01 PM ---------------------------

	From:  Phillip K Allen                           03/14/2001 09:49 AM

To: Jacquestc@aol.com
cc:
Subject:

Here is the buyout spreadsheet again with a slight tweak in the format.  The
summary  presents the numbers as only $1400 in concessions.


[IMAGE]
 [IMAGE] Dow Jones [IMAGE] 9866.99 - 5.4 9:08 pm EST, Friday., November 16, 2001  [IMAGE] NASDAQ [IMAGE] 1,898.58 1.99 For info, visit www.smallcapnetwork.net .  [IMAGE] S & P 500 [IMAGE] 1,138.65 - 3.59 To be removed, please click here .  [IMAGE] Russell 2000 [IMAGE] 451.31 + 1.92 VOLUME 01: ISSUE 15
[IMAGE]
   Ray Reaves, President and CEO of FieldPoint Petroleum, is sharpening his pencil and putting on his poker face. Like a crazed bargain hunter heading for the mall just after the Christmas Holiday, Ray is getting ready to go shopping.   [IMAGE]  Just as he has during past cyclical oil price declines, Ray knows he can purchase assets from the behemoths of the US Oil patch at bargain basement prices for the next six months. Companies like Devon Energy (AMEX: DVN) will eliminate producing properties which were profitable at $25 per barrel, but not at $18. Ray runs a lean and mean company which makes money through all the market cycles, and he perceives an upcoming opportunity to enhance his asset base.   The editors of the SmallCapDigest feel this stocks is poised for a short term move to at least $2.50, which would represent 31% return on invested capital. Investors with a 12 to 18 month horizon have the potential for a $5 plus with the next cycle of surging oil prices. As oil prices drop, Ray Reaves is getting ready to add assets to FieldPoint.   The SmallCap Digest has discovered a growth company in the oil and gas sector that is poised to surge. FieldPoint Petroleum (OTC BB: FPPC) has taken much of the guessing out of investing in this sector. The company has executed and excelled in every market environment. FieldPoint has shown a propensity to maintain profitability and grow revenues at very impressive levels by making the right decisions. The company business is hedged in such a way that it has and will continue to make money regardless of commodity prices.   [IMAGE]  November Focus Company Report: FieldPoint Petroleum (OTC BB: FPPC)   Stock Listing: OTC BB: FPPC Estimated Shares Issued and Outstanding: 7.36 million Estimated Public Float: 2.9 Million Closing Price and Volume: $1.90 on 85,700 shares Market Capitalization: $12.5 Million Fiscal 2001 Revenue: $2.6 million est  52 High and Low: $2.28/$1.34  FieldPoint Petroleum Corporation (OTC BB: FPPC) is engaged in the acquisition, operation and development of oil and gas properties, which are located in Oklahoma, Texas and Wyoming. FieldPoint looks to continue expanding in Texas and Wyoming, as well as in other Rocky Mountain and mid-continent states such as Montana, North Dakota and Oklahoma. It is a primary objective of the Company to operate most of the oil and gas properties in which it has an economic interest.   Company Analysis   FieldPoint is regarded in the industry as a nimble low cost provider. Unlike many of its' competitors, FieldPoint consistently generates positive cash flow, and has a history of acquiring properties far below market prices. Many poorly run oil and gas companies get themselves in a position where they must raise cash to survive. These distress sales allow FieldPoint to purchase these companies' properties at prices where the production from the land pays for the purchase itself. FieldPoint takes advantage of the competition through efficiency. The company's stellar performance in the past has created confidence and tremendous leeway with financiers. FieldPoint has access to capital that will allow for growth while most of its' competitors will experience contraction.  The company's track record speaks for itself.  Below is the revenue growth FieldPoint has experienced in the past three years.    [IMAGE]  As depicted in the table, revenues grew 78% from '99 to '00, and are on track to grow 59% this year.   Growth has been so prolific that the company was recently recognized by the Oil and Gas Journal as one of the Top 200 Independent Oil and Gas Producers in the U.S., and the 8th fastest growing publicly traded Oil and Gas Company in the US.   The company currently has 50% of its monthly oil production hedged at $22 per barrel, thereby virtually assuring continued positive cash flow.   Existing Properties       [IMAGE]  Chickasha Field, Grady County, Oklahoma.  Giddings Field, Fayette County, Texas.  Big Muddy Field, Converse County, Wyoming.   Serbin Lee Field and Bastrop Counties, Texas.   West Allen Field, Pontotoc County, Oklahoma.   Hutt Wilcox Field, McMullen and Atascosa County, Texas.     FieldPoint currently currently has ownership interest in 338 productive wells located in three states, Texas, Oklahoma, and Wyoming. FieldPoint intends to continue expansion in Texas and Wyoming, as well as in other Rocky Mountain and mid-continent states such as Montana, North Dakota and Oklahoma. Management is constantly keeping an eagle's eye on potential properties that will increase FieldPoint's asset base.   Plans For Growth   [IMAGE][IMAGE]  As depicted in the bar charts, growth in both production and reserves has grown consistently since 1997. In 1996, FieldPoint had $1 million in booked assets from which they derived $640,000 in revenue and $115,000 in net income. The average price of oil in 1996 was approximately $18-$20 per barrel. In 1997, prior to going public, FieldPoint's results were slightly improved as the price of oil per barrel increased to an average of $19-$21, but their asset base held steady.   At the end of 2000, FieldPoint completed another acquisition that boosted assets to $4.5 million, and through the third quarter assets stood at $4.8 million. In the meantime, revenues have jumped from $1.6 last year and are projected at $2.5 million this year. As a low cost producer, FieldPoint successfully increases production and lowers operational expenses every time they make an acquisition.   Over the course of the next 36-48 months the company hopes to accumulate over $50 million in assets. Past performance would indicate this is not an unrealistic goal. That is a tenfold increase from where the company's assets are today. For investors, the market capitalization of the company should reflect the increase in assets. A $50 million dollar asset base would value the company at approximately $42 million dollars or $5.75 per share. That is an annualized gain of over 57% over a four year period.    Market Conditions   A dispute between OPEC which produces about 40% of the world's oil and non-OPEC oil producing countries have pushed prices to their lowest levels since mid-1999. Oil markets opened lower Thursday after the Organization of Petroleum Exporting Countries decided Wednesday not to cut its output quotas unless non-OPEC producers agree to go along. Russian Prime Minister Mikhail Kasyanov is quoted by the Financial Times as saying "We are not going to at any time reduce production on a big scale; it's impossible".    With oil prices taking a nosedive, many poorly run and poorly funded oil and gas companies will be feeling the squeeze. Lower oil prices will deal a blow to the oil and gas industry, resulting in less investment, reduced production and ultimately more volatility as supply and demand fluctuate. This means FieldPoint will be privy to some very attractive opportunities to purchase land at very favorable prices.    However, oil prices may not stay depressed next year. OPEC says it will cut output on Jan. 1 only if non-OPEC producers act. So far, Oman and Mexico have pledged output cuts -- of 50,000 barrels a day and 100,000 barrels a day, respectively -- and Norway, the world's third largest exporter, is still considering whether to contribute. But all three countries say they will only reduce production if Russia pledges to cut its output by some 300,000 barrels a day.   Conclusion   FieldPoint is currently trading at $1.90 but in the near term has the potential to reach $2.50 due to the sizable opportunities the company currently has to expand it's asset base at rock bottom prices. We expect the stock to reach this target in the next 30 days. A target of $2.50 would mean a 31% short term profit. This doesn't match the company's growth rate but it is certainly respectable, and much higher on an annualized basis.    Growing companies need to reinvest in themselves. The challenge is to make money while growing. FieldPoint applies the cardinal rule of business: MAKE MONEY. CEO Ray Reaves has demonstrated an uncanny ability to propel growth while running a profitable business. The goal of the company is to increase its' asset base while maintaining profitability and providing shareholders a return on their money.    Over the course of the next 36-48 months the company expects to have over $50 million in assets. That is a tenfold increase from where the company's assets are today. If the company's past performance is any indication, it is an obtainable goal. For for investors, the market capitalization of the company should reflect the increase in assets. A $50 million dollar asset base would value the company at approximately $42 million dollars or $5.75 per share. That is an annualized gain of over 57% over a four year period.    FieldPoint is structured to take full advantage of volatility because the company thrives on outsmarting its' competitors. The company is a growth stock that has the full confidence of its' financiers.  This access to capital allows the company to increase its' assets while benefiting when the market rebounds.    Investors looking for a well run oil and gas company that exhibits outstanding growth should own FieldPoint Petroleum Corporation (OTC BB: FPPC) in the risk end of their portfolio.
   D I S C L A I M E R : The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net.  Likewise, this newsletter is owned by TGR Group, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication.   Click Here  to view our compensation on every company we have ever covered, or visit the following web address:  http://www.smallcapdigest.net/compensation_disclosure.html  for our full compensation disclosure and http://www.smallcapdigest.net/short_term_alerts.html  for Trading Alerts compensation and disclosure.   TGR Group LLC has been paid a fee of $50,000 by FieldPoint Petroleum for publishing information  for a period of 90 days from the date of the first publication.   All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein.   The editor, members of the editor's family, and/or entities with  which the editor is affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein.   THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET.   We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com . We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.

  ---
You are currently subscribed to smallcapdigest as: andrew.h.lewis@enron.com
To unsubscribe send a blank email to leave-smallcapdigest-871164Q@lyris.smallcapnetwork.net


I was going to last night, but it didn't sound like you wanted to talk.  We
had a great time.  Only wish we could have stayed longer.  It was cold but
the game was fun.  It was good to see the kids getting along as well as they
did.  We will try and make it a regular trip.  We also spoke about maybe
getting together in Dallas sometime next year.  I need to go, but will talk
to you later.

D

Darnellmo@aol.com on 11/14/2000 10:30:17 PM
To: Darron.C.Giron@enron.com
cc:
Subject: KS

I had rather hoped you would share a few words about the Kansas trip with me.


Greg Whalley and I have moved to the 33rd floor.

  Greg's new office location is EB3324 - Steno #549

I'm located at EB3322 - Steno #598

Many Thanks,

Liz Taylor


Kent,

Please forward this to Sally Beck.

Thanks,
Patti
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/15/2000 12:51 PM
---------------------------

Sue Frusco@ENRON_DEVELOPMENT
02/13/2000 02:10 PM
To: Sally Beck@ENRON_DEVELOPMENT, Ted Murphy@ENRON_DEVELOPMENT, John
Sorrells@ENRON_DEVELOPMENT
cc:
Subject: Argentine Gas Process Flow

Greetings.

Attached is the Argentine gas process flow, which has been under review for
the past month or so by Mike Guerriero, his staff in BA and my group in
Houston.   The Southern Cone trading support is based off of this model, so
it also applies to power in BA and SP.   I do have process flows for power in
both places, but I would like to revisit them prior to distribution.   If you
would like them regardless, just let me know and I will pass them along asap.

I hope you have a successful trip.   Please let me know how I can be of
help.   I am curious to hear your findings.

 Sue (713.349.0733 [home]; 713.703.3706 [mobile])


Kirk,

Thanks for the note.  Merry Christmas and Happy New Year to you and your family as well.  I look forward to catching up with you in 2002!

Kim.

-----Original Message-----
From: Ketcherside, Kirk L (IGI Resources) [mailto:KetcheKL@bp.com]
Sent: Wednesday, December 19, 2001 1:52 PM
To: Watson, Kimberly
Subject:

Hi Kim.
No update yet on the Caithness Big Sandy project.
However, I wanted to wish you and your family a wonderful holiday season.
I will catch up with you shortly after the first of the year.
Kirk


You still have access to test - the data is just old - but strangely won't effect you too much.   Doubt it will be refreshed - due to production being the priority.

Stephanie will set you up in the new production by the end of the day.  Don't get too excited - it all looks the same.
All the programming effort has been put on the website.

Temporary link to new production cluster

http://remoteservices.netco.enron.com/   (select - UBSWenergy Cluster)

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, February 04, 2002 4:40 PM
To:	Engel, Tom
Subject:	RE: EOL access

Thanks,

Will the test database be converted by Thursday?  We will be unable to verify that the deals are bridging correctly unless we can see the EOL reports.

Kam

 -----Original Message-----
From: 	Engel, Tom
Sent:	Monday, February 04, 2002 4:36 PM
To:	Keiser, Kam
Subject:	RE: EOL access

You will have access soon - Stephanie will send you your ID's and passwords.

We have a lot of work to do in there - so we don't want everyone in there quite yet.  The problem is - if traders are playing with the products while we are trying to re-build the products and data elements with UBS names - we are going to have issues.

The other thing I want to make sure everyone understands - this is our new production data base - not a test data base.
There are a limited number of authorized users assigned to "testing" or playing around with the data - and they are responsible for cleaning it up too.
We will allow people to play for the simulation only.

Once we finish building our UBS production data base - we will the copy it to our test data base - and resume our bridge testing from there to the other test environments (our test environment still has the old Enron data).

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, February 04, 2002 3:18 PM
To:	Engel, Tom
Subject:	EOL access

Tom,

Everyone in risk management needs to get access to EOL bridge monitor and reports.  What do we need to do to get this and how soon can it be granted?  We need this by Thursday to be prepared for testing.

Thanks

Kam


Please mark your calendars to attend a meeting to discuss the above
referenced Bridgeline memo

 Monday, May 21
 10:00 AM
 EB3567

This meeting was originally set up for 1:00, Tuesday, May 22nd but some
people were not able to attend at that time.

If you have any questions, please call me.

Thanks.
Lillian
x37271
 -----Original Message-----
From:  Redmond, Brian
Sent: Monday, May 14, 2001 2:51 PM
To: Nemec, Gerald; Belflower, Rusty; Daniel, Shonnie; Gray, Barbara;
Cocavessis, Nick; Johnson, Patrick; Mrha, Jean
Cc: Carroll, Lillian
Subject: FW: Response to Bridgeline Issue Memo

Please review the attached response to Bridgeline's memo claiming additional
costs in respect of the Contribution Agreement.  Please forward any
comments/changes to Gerald.

Lillian,  please arrange a meeting next week with the above group to discuss
before we send to Bridgeline.

Thanks,
Brian

 -----Original Message-----
From:  Nemec, Gerald
Sent: Sunday, May 13, 2001 3:59 PM
To: Redmond, Brian; Belflower, Rusty
Cc: Daniel, Shonnie; Gray, Barbara
Subject: Response to Bridgeline Issue Memo

Attached is a draft of the response to Bridgeline issue memo concerning
various issues in the Contribution Agreement.  Please review and provide any
comments you may have.  Thanks.


Got your email.  I will let Jacques know.  I guess we can work out the finer
points next week.  The bank here in Houston is dealing with their auditors
this week, so unfortunately I did not hear from them this week.  The are
promising to have some feedback by Monday.  I will let you know as soon as I
hear from them.

Phillip


Val and I have finished auto-scheduling these deals. Please let me know if
you see them coming through approval, or if there is anything else I can do
to assist.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 12/19/2000 05:08 PM
---------------------------

Lester Rawson
12/19/2000 04:26 PM
To: Valarie Sabo/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc: Joy Werner/Corp/Enron@ENRON

Subject: Nevada Power Oct

Val,

Please approve and autoschedule the following deals I've had to change to
support the changes needed for Nevada Power transmission for October. Please
forward to Joy when done.

Les

New Deal 477935, 477995

Changed Prices
425803,427001,430148,430175,430193,430860,458520,458498,458456,435403,435508,4
58604,436523,458762,440595,458772,458783,455667,443353,444346,444369,458813,44
6512,446512.


I will be attending.

 -----Original Message-----
From: 	Stark, Cindy
Sent:	Monday, October 29, 2001 3:18 PM
To:	Hayslett, Rod
Subject:	FW: Budget Mtg - 10/30 @ 11:00 a.m. in EB32C2
Importance:	High

Please let me know by COB today if you or Tracy will attend the below meeting, so that I can notify Whalley's office.

Thanks,
Cindy

 -----Original Message-----
From: 	Taylor, Liz
Sent:	Monday, October 29, 2001 2:15 PM
To:	Bowen Jr., Raymond; Schiller, Marsha; Blackwood, Connie; Brown, Michael - COO London; Causey, Richard; Chapman, Kay; Colwell, Wes; Delainey, David; Fallon, Jim; Ferrari, Kerry; Ford, Sue; Hillis, Kimberly; Horton, Stanley; Hughes, James A.; Killen, Faith; Kitchen, Louise; Lavorato, John; Marshall, Lucy; Mcconnell, Mike; McMahon, Jeffrey; Phillips, Cathy; Piper, Greg; Rapacioli, Marisa; Schoppe, Tammie; Sherriff, John; Spiller, Tina; Stark, Cindy; Taylor, Liz; Tijerina, Shirley; Westbrook, Sharron
Subject:	Budget Mtg - 10/30 @ 11:00 a.m. in EB32C2

This is to confirm the budget meeting scheduled for Tuesday, October 30 @ 11:00 a.m. in EB32C2.  Please advise me only if you are unable to attend.

Many Thanks,

Liz Taylor


that up to you.  You might have forgotten how to effectively harass.  You
might enjoy the refresher.  Your decision.


Got a call from El Paso asking to begin deal on 4/4???? let me know  what you want to do and

	El Paso's contract that will be picking up gas....

	Thanks Lynda


Christi keeps doing a great job.

Jim
----- Forwarded by James D Steffes/NA/Enron on 03/17/2001 11:30 AM -----

	Christi L Nicolay@ECT
	03/13/2001 03:11 PM

		 To: James D Steffes/NA/Enron@Enron, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Some Cost savings for Alamac

We are still working to get CP&L to reduce the interconnection fees by the
existing plant amount (appr. $1.5 million).  However, I did get CP&L to
recalculate the monthly O&M/replacement fee from the "state" calculation to
the "FERC" calculation.  Heather said that this change alone results in a
$140,000/year savings because the deal model had the higher fees built in.


---------------------- Forwarded by Garrick Hill/HOU/ECT on 11/27/2000 12:36
PM ---------------------------
From: Sandi M Braband on 11/21/2000 10:36 AM
To: Garrick Hill/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Gas Management Agreement

Attached is the red lined draft of the Gas management Agreement with the
changes we discussed. Please review and give me your comments. If you can
supply any of the needed Notice info in Section 8 please let me know---


-----Original Message-----
From:  Lees, Lisa
Sent: Monday, June 04, 2001 3:05 PM
To: Jones, Tana; Lombardi, Kelly; Lambert, Karen
Cc: Sever, Stephanie
Subject: RE: Product type approval needed (US Gas Phy Fwd Secondary Firm)

The product long descriptions below will fall under the new product type US
Gas Phy Fwd Secondary Firm.

Credit (Tom Moran) has approved copying the profiles for the new product type
from the following:
 US Gas Phy Fwd Firm

Please respond to Stephanie Sever no later than 10 a.m. on Wednesday, June 6.

Thank you.

 -----Original Message-----
From:  Walker, Chris
Sent: Friday, June 01, 2001 3:42 PM
To: Blumenthal, Jeff; Musch, Susan; Hayden, Frank; Taylor, Mark; Dickson,
Stacy; Moran, Tom; Love, Phillip M.; Hunter, Larry Joe
Cc: Lees, Lisa; Sweitzer, Tara; Jones, Tana; Lambert, Karen; Lombardi, Kelly;
Sever, Stephanie; Kenne, Dawn C.; Moorer, Torrey; Cass, Robert B.; Meredith,
Kevin; Lozano, Melba; Alatorre, Carlos
Subject: Product type approval needed (US Gas Phy Fwd Secondary Firm)

Please approve the following product type in Data Manager after 11 A.M.

US Gas Phy Fwd Secondary Firm

 << File: Secondary Firm ANR ML7rev.doc >>

 << File: ENA Natgas Firm GTC.htm >>

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


Teh rest of the parts for Phil's PC arrived today.  I'll build it over the
weekend and test it for a couple of days before I send it to him.  The
monitor is being shipped directly to him via mom & dad.  I sent our old PC
to Kathy today.  she should have it next week.  I set up a free internet
access account for her and her email address is kat.wedig@netzero.net (kat
stands for Kathy, Alan, and Timothy).

Phil's PC will be a PIII 600 with 128 mgs of ram and a 30 GB hard drive -if
you care about the details.  It should be a while before he outgrows this
one.  I got a great deal on the parts - I'll add them up and let you know
what it cost (nobody needs to payme until Phil's bd)

VIVA BUSH!

Rob


Kim-
Attached is a sample copy of the District's Natural Gas Purchase Agreement.

 <<Master Agreement Enron North America Corp March 200100.doc>>

Calvin Miller

 - Master Agreement Enron North America Corp March 200100.doc


Thanks for the help.

I have put several products out for your approval.

Thanks,

Eric

Robert B Cass
11/27/2000 04:22 PM
To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT
Subject: Re: New Product

Hi Eric -

I have just been advised that the  new Index  that you requested (as detailed
below) is now available for you to create as a product.

Thanks for letting us work with you.

- Rob
x35491
---------------------- Forwarded by Robert B Cass/HOU/ECT on 11/27/2000 03:00
PM ---------------------------

Robert B Cass
11/22/2000 09:41 AM
To: Eric Bass/HOU/ECT@ECT
cc: Melba Lozano/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT
Subject: Re: New Product

Hi Eric -

We will begin testing your index today.   The description for your index will
read as follows:

"The Index for a day shall be the Daily Midpoint price published on such
calendar day under the heading  "Daily Price Survey" in the
East-Houston-Katy, Katy plant tailgate section of Gas Daily, or if a calendar
day is not a Business Day then the price used shall be the Daily Midpoint
price published on the next suceeding Business Day. "

The Product Short Description on the website will be as follows:

 US Gas Daily  KatyPltTailgate  Month/Year  USD/MM

Please advise if this does not meet with your approval.

Thanks -
Rob

	Enron North America Corp.

	From:  Eric Bass                           11/21/2000 12:48 PM

To: Robert B Cass/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT
Subject: New Product

Rob,

I need to get a new gas daily product created.  This product will be settled
daily against the Katy Plant Tailgate under the East-Houston-Katy subheading
in Gas Daily.

Call with questions.

Thanks,

Eric
x3-0977


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                     Friday, December 8, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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QUESTIONS LEFT FOR ASK JEEVES TO ANSWER
The Internet search engine issued a waning yesterday, proving it
doesn't have all the answers.

By Mike Trigg

Internet know-it-all Ask Jeeves (Nasdaq: ASKJ), the provider of
a search engine that answers all our questions, issued an
earnings warning after the market's close yesterday. The company
attributed the shortfall to a slowing economy and reluctance
among companies to make additional outlays on online
advertisements. What's more, CEO Rob Wrubel also stepped down.

The Emeryville, California-based company, which makes money
through advertising and licensing, expects revenues of $25
million for the fourth quarter, about $10 million, or 30%, less
than the Street was expecting. Ask Jeeves also expects to post a
pro forma net loss of $18 million, or $0.50 per share, well
below the Street consensus of a $0.33-per-share loss. In the
previous quarter, the company posted a smaller-than-expected
loss of $12.6 million, or $0.36 per share.

"The broad-based economic slowdown has caused weakness in the
online advertising market, advertising pricing pressure, and a
decreased sense of urgency among Fortune 1000 companies to
implement their online initiatives," President Adam Klein said.
"Amongst this and other factors, we have experienced
weaker-than-anticipated demand for our solutions, however our
relationships with existing customers remain strong."

In other news, after more than two years on the job, CEO Rob
Wrubel will be stepping down from his board and CEO positions,
and assuming the role of executive vice president of market
development. (The Motley Fool interviewed Rubel back in
December.) Current board member George Battle will assume the
CEO position on an interim basis, while the company looks for a
replacement.
http://www.fool.com/m.asp?i=234495

After becoming a Street favorite, even receiving Motley Fool
Daily Double recognition, and hitting its 52-week high of $144,
the stock was punished along with the rest of the e-commerce
sector at the beginning of the year. The recent shortfall
shouldn't come as a complete shock. Advertising makes up a great
deal of the company's revenues and, with the dot-com demise,
demand for online advertising has diminished. Even Rule Maker
Yahoo! (Nasdaq: YHOO) has been hurt this year, in part, over
similar concerns.
http://www.fool.com/m.asp?i=234496
http://www.fool.com/m.asp?i=234497

Despite the unfortunate news, the company still remains
optimistic. Regarding 2001 revenue and earnings guidance, the
company for once wasn't giving all the answers, saying that it
was reviewing growth targets. Nevertheless, Ask Jeeves maintains
it has enough cash in the "engine" to keep answering questions
until reaching expected profitability in the fourth quarter of
2001. Whether that's the case will be the biggest question left
for the company to answer.
_________________________________________________________________

NEWS TO GO

Not long ago, a 23-year-old former employee of Internet Wire
produced a phony press release, falsely reporting that the CEO
of Emulex (Nasdaq: EMLX) had resigned, the company was restating
earnings, and there was a pending investigation by the SEC. The
hoax resulted in Emulex shares tumbling nearly 60% in one day.
It appears the maker of computer cards that increase data
transmission has moved beyond all that, announcing an agreement
to acquire closely held computer-networking company Giganet for
$645 million in stock. Emulex announced that it would issue
about 4 million shares and assumed options for Giganet. The
price was based on yesterday's closing price for Emulex shares,
$155.75. While not expected to reduce per-share profits for the
fiscal year (ending July 1), upon completing the acquisition,
the company plans on taking a non-cash charge of $10 million.

According to a statement published on the Standard & Poor's
website, copyright protection solutions provider Macrovision
(Nasdaq: MVSN) will be added to the Standard & Poor's MidCap 400
Index after the market's close on December 8. It will replace energy
services holding company LG&E Energy Corp. (NYSE: LGE).

Microwave telecommunications products maker California Amplifier
(Nasdaq: CAMP) issued a fourth-quarter earnings warning and
reported third-quarter results. The company expects earnings of
$0.08 or $0.09 per share and revenues between $29 million and
$31 million in the fourth quarter. The Street consensus estimate
called for the company to earn $0.17 per share. Moreover,
California Amplifier also reported third-quarter earnings of
$2.29 million, or $0.16 a share, meeting the Streets
expectations. Sales climbed to $32.6 million compared to $26.3
million in the same period last year.

Computer products seller CDW Computer Centers Inc. (Nasdaq:
CDWC) announced in a press release that it expects earnings
between $0.40 per share and $0.42 per share in the fourth
quarter. That's below the Street consensus expectation of $0.50
per share. The company also expects revenue to be between $990
million and $1.1 billion, representing year-over-year sales
growth between 34% and 36%. "Currently, we are facing
slower-than-expected demand due to economic uncertainties, which
we believe is an industry-wide phenomenon," CEO Michael Krasny
said in a statement. "These economic uncertainties make us
cautious about 2001, when we believe CDW will continue to
increase market share, but grow sales at lower rates than recent
quarters."

Maker of liquid crystal displays for mobile phones Three-Five
Systems Inc. (NYSE: TFS) announced that it expects a
fourth-quarter profit between $0.08 and $0.10 per share, well
below earlier profit guidance of $0.19 to $0.20 per share. The
Street consensus expectation called for the company to earn
$0.20 per share. The company also informed investors that it was
expecting sales between $36 million and $38 million. It had been
expecting $45 million in revenues. Commenting on the coming
year, President and CEO Jack L. Saltich remarked, "Our guidance
for 2001 remains unchanged. On a relative basis, sequential
revenue growth in the first quarter is expected, and that growth
should be in the range of 8% to 10%."
_________________________________________________________________

EDITORS' PICK

Author and scholar Kevin Hassett talks to the Gardners about why
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http://www.fool.com/m.asp?i=234498
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MsgId:
msg-3333-2000-12-08_10-15-26-3692695_2_Plain_MessageAddress.msg-10:21:12(12-08
-2000)
X-Version: mailer-sender-master,v 1.84
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Message-Recipient: benjamin.rogers@enron.com


FYI
Received: from mcafee.bracepatt.com by mail.bracepatt.com; Mon, 23 Jul 2001
15:54:57 -0500
Received: FROM wasexch01.akllp.com BY mcafee.bracepatt.com ; Mon Jul 23
16:09:54 2001 -0500
X-Proxy: keymaster.bracepatt.com protected
Subject: RP00-241: FINAL PAS Rebuttal Tesimony
MIME-Version: 1.0
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X-MS-TNEF-Correlator:
Thread-Topic: RP00-241: FINAL PAS Rebuttal Tesimony
Thread-Index: AcETuUfABJ4K+CbwS6aN0uCx90qhAg==
From: "Shaffer, David S." <dshaffer@akllp.com>
To: " (E-mail)" <ryspeed-bost@verner.com>, " (E-mail)" <imoreno@bcjlaw.com>,
" (E-mail)" <rmp@cpuc.ca.gov>, "Barbara S. Jost (E-mail)"
<bjost@huberlaw.com>, "Curtis Wagner (E-mail)" <curtis.wagner@ferc.fed.us>,
"Daniel F. Collins (E-mail)" <daniel.collins@ElPaso.com>, "David Huard
(E-mail)" <dhuard@manatt.com>, "Douglas Canter (E-mail)" <dmcwash@mshpc.com>,
"Douglas G. Robinson (E-mail)" <drobinso@skadden.com>, "Douglas L. Beresford
(E-mail)" <dlberesford@hhlaw.com>, "Douglas Porter (E-mail)"
<douglas.porter@sce.com>, "Edith A. Gilmore (E-mail)"
<edith.gilmore@ferc.fed.us>, "Frank Lindh (E-mail)" <frl3@pge.com>, "G. Mark
Cook (E-mail)" <mark.cook@ElPaso.com>, "Gabe Sterling (E-mail)"
<gsterling@hhlaw.com>, "Georgetta Baker (E-mail)" <gbaker@sempra.com>,
"Gerald L. Richman (E-mail)" <grichman@skadden.com>, "Greg Jones (E-mail)"
<greg.jones@elpaso.com>, "Harvey Morris (E-mail)" <hym@cpuc.ca.gov>, "J.
Michel Marcoux (E-mail)" <jmmarcoux@brudergentile.com>, "James F. Moriarty
(E-mail)" <jmoriarty@fw-law.com>, "James H. McGrew (E-mail)"
<jhmcgrew@brudergentile.com>, "Jeffrey Sherman (E-mail)"
<jsherman@skadden.com>, "Joel L. Greene (E-mail)"
<jlgreene@energyadvocates.com>, "John P. Gregg (E-mail)" <jgregg@mbolaw.com>,
"Jonathan Bromson (E-mail)" <jab@cpuc.ca.gov>, "Joseph H. Fagan (E-mail)"
<jfagan@hewm.com>, "Judy Heineman (E-mail)" <judy.heineman@elpaso.com>,
"Katherine B. Edwards (E-mail)" <kbedwards@gkrse-law.com>, "Lisa M.
Ochsenhirt (E-mail)" <lochsenhirt@mbolaw.com>, "Marcia C. Hooks (E-mail)"
<marcia.hooks@ferc.fed.us>, "Martha Altamar (E-mail)"
<martha.altamar@ferc.fed.us>, "Matthew P. O'Loughlin (E-mail)"
<moloughl@brattle.com>, "Paul B. Mohler (E-mail)" <pmohler@hewm.com>,
"Randall Rich (E-mail)" <rrich@bracepatt.com>, "Ruby Meek (E-mail)"
<ruby.meek@ferc.fed.us>, "Sandra E. Rizzo (E-mail)"
<sandrar@prestongates.com>, "Willaim S. Scherman (E-mail)"
<wscherma@skadden.com>, "William Lansinger (E-mail)" <wlansinger@sempra.com>
Cc: "Minesinger, Kenneth M." <kminesinger@akllp.com>

Attached is a copy of the prepared rebuttal testimony of Ms. Patricia A.
Shelton regarding the affiliate issues set for hearing in Docket No.
RP00-241.  This testimony is being filed at FERC today on behalf of El
Paso Natural Gas Company.  Copies of Ms. Shelton's testimony are being
served by hand delivery to active parties with local counsel, and by
overnight courier to the other active parties.  Copies to all other
parties are being served by first class mail.  Please call Ken
Minesinger at 202-662-3040 if you have any questions.

 <<El Paso - FINAL Shelton Rebuttal testimony in RP00-241.DOC>>
 - El Paso - FINAL Shelton Rebuttal testimony in RP00-241.DOC


Peter,

Go ahead and complete the draft with what you have, and transmit it to me
with a list of questions which need to be answered to finish it.

Thanks,

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 11/21/2000 02:00:57 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc:

Subject: City of Austin Facility Agreement

I have not yet received any response from Eric Boyt.  If possible, I
would like to receive that information today or early tomorrow so that I
can complete the agreement and leave the office by close of business
Wednesday.


what is it.  i got to know.  i need some new chicks.  i need the weekend.
today totally sucks.  what are some good books to read?


Start Date: 10/5/01; HourAhead hour: 19;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100519.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_RED
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:  75.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:  74.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ORANGE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_WHITE
  ENGY_TYPE: WHEEL


Start Date: 12/19/01; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121901.txt


i don't know yet about the $ but i will probably go with the advanced.  it
will probably be $200-300.

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 12/21/2000 08:00:00 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE:

How much extra do you have to pay?
Which laptop would you get?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, December 20, 2000 10:54 AM
To: Bass, Jason
Subject:

here is the new comp program for enron - i think i will pay extra for the
advanced laptop.  what do you think of the options?     - eric
(Embedded image moved to file: pic04734.pcx)


Clare,

I regret to inform you that I have to decline your invitation due
to prior commitments on the same days.

Vince Kaminski

 -----Original Message-----
From: 	Clare Fitzgerald  [mailto:ClareF@marcusevansch.com]
Sent:	Monday, May 07, 2001 8:48 PM
To:	'vkamins@enron.com'
Subject:	course instructor

Vince,
I am writing in regards to an energy derivatives training course I am
developing.  I would like to invite you to be an instructor for the course.
A preliminary agenda is attached.  Brett Humphreys from Risk Capital
Management is teaching on Day One, and I was wondering if you would be
interested in covering all or part of Day Two.  The topics outlined here can
be modified based on your feedback.

Our training courses are structured for an interactive, classroom-type
setting.  We limit the audience to 25 people and bring in 2-3 instructors to
cover the material over the course of two days.

I will follow up but please let me know what you think.
 <<Agenda.doc>>
Thank you,
Clare Fitzgerald
Director, Training Courses
marcus evans
312-540-3000x6785

 - Agenda.doc << File: Agenda.doc >>


Mark,

Any further thoughts on the blood bank concept?
Please, let  me know if I can be helpful?

Vince


I changed the end date on CGLF k#42789 (deal 156388) to 10/31/2001.


There will be a demonstration of the Online Trading Application for trading
lawyers and paralegals on Wednesday at 11:00 am in EB2601a.

This project continues to be highly confidential.


Please see the v:mail message below from Rick Shapiro that was transcribed by
Lora Sullivan.

----- Forwarded by Linda Robertson/NA/Enron on 01/10/2001 09:22 AM -----

	Lora Sullivan
	01/10/2001 09:01 AM

		 To: Linda Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Voicemail message from Rick Shapiro 1:10 AM 1/10/00

Rick Shapiro   Voicemail 1:30 AM 1/10/01

Please pass this message on to Hartsoe and others as well.  Meeting went
until 12:15 PM.  He,s not going into details now.   During the course of the
day there were several meetings and a proposal.  There was sort of an
agreement ) I wouldn,t say it was a conceptual agreement that was reached
among the parties that is going to be released by Treasury today.  I,m not
sure much will come of it.  It,s going to create some motion.  I talked to
Sue Mara.  Sue will be coming over to the office and you,ll need someone else
to go with her because of the fact there are two working groups instead of
one.  I,m going to read to you the statement:

The Governor of CA and a bipartisan leadership of the state legislature met
with major generators including qualifying facilities, marketers, utility
regulators and federal officials to discuss the electricity situation in CA.
Recognizing the importance of the issue as laid out in the Governor,s State
of the State speech last evening, the partipants agreed for the need for
cooperation to maintain stability and avoid bankruptcy for the utilities and
assure the long term regulation of market conditions.  Crucial elements of
the solution include:

? The development of approaches to promote long-term purchases of electricity
possibily by States and generators at an attractive fixed rate - an
option-type of an idea perhaps using some type of existing state agency like
DWR - Dept. of Water and Resources to basically create the credit and
insulation for suppliers from the utilities.

? The willingness for generators, qualifying facilities and markets to
provide on the short-term basis for current amounts owed by PGE and Edison in
the context of the framework of a long-term solution

? The need to find satisfactory approaches with respect to the obligation
accumulation of the utilitles for the purchase of power consistent with
contractual obligations and which are in the public interest.

? Cooperation to better match supply and demand in the short and long-term.

? Review of the existing qualifying facilities payments to directors.

The parties ackknoweldge the problem must be addresed while taking into
account the regional market.  Further working groups will be convened on
Wednesday, and there will be two working groups to address to address
technical details.  Principals will reconvene this weekend.  One working
group will deal with long-term auction and QF issues.  The first and the last
bullets and the second and the third bullets which have to do more with the
arrearages, the debt and the obligations that have been accumulated for the
purchase of the power is the second  working group.

I think I,ve read it all.  The working groups (see first and last bullets)
Sue is best equipped to handle.  If we need to send another person over with
Sue to sit on the second working group that deals with the unrecovered and
unpaid obligations of the utilites.  Sarah Novosel should do that.


My buddy up here knew a guy he had listed as a reference from Andersen, so
we got the inside scoop.

Any prospects out there?

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@enron.com]
Sent: Tuesday, February 05, 2002 8:16 AM
To: Fenner, Chet
Subject: RE: Applicant

dont know who that is. i can find out if you want me too. I know a few
people in RAC. things arround here still suck. i am doing a little stock
trading and trying to find a job. basically doing the bare minimum to keep
the paycheck

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Monday, February 04, 2002 5:30 PM
To: Parks, Joe; 'jparks1@houston.rr.com'
Subject: Applicant

Do you know of a Chris Gray?  Probably a long-shot, but he worked at Enron
in the Risk Assessment and Control group.

What's up w/ you?  What's the latest?

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


Tana,

Did you have an opportunity to send that database link we were talking about
the other day?

Thanks


I forgot to add that the override letter needs 30.7 - Third Party Beneficiary
language also.  Rob, would you put that in from the current Turbine Purchase
Agreement?

Thanks,

Rose

	Kay Mann
	12/06/2000 08:56 AM

		 To: Roseann Engeldorf/Corp/Enron@ENRON
		 cc: Lisa Bills/Corp/Enron@ENRON, Sheila Tweed/HOU/ECT@ECT, "ROB TAYLOR"
<TAYLR@andrews-kurth.com>
		 Subject: Re: Override Letter

Mike hasn't sent the new assignment language. To my knowledge we had not
discussed including it in this set of agreements, so he may have put it aside
to work on the consent issues.

Kay

From: Roseann Engeldorf on 12/06/2000 08:52 AM
To: Lisa Bills/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron, Sheila
Tweed/HOU/ECT@ECT, "ROB TAYLOR" <TAYLR@andrews-kurth.com>
cc:

Subject: Override Letter

See attached for our changes.  I am typing the Annex IV stuff now  - it has
to do with Sections 26.4 and 26.5 - resolution of certain Purchaser-Agent
Disputes.  We also will need to put in the currently-being-negotiated
assignment language, so the bank knows that they have access to their
collateral.

Barnas said he was drafting that after the last version Kay drafted.  I have
not seen it yet.

Rose


I have attached a redraft of the Settlement Agreement with Teldata.  Please
let me know if you have any changes.


I couldn't find what I was being asked to approve
-----Original Message-----
From: ARSystem [mailto:ARSystem@mailman.enron.com]
Sent: Wednesday, August 29, 2001 4:04 PM
To: Kean, Steven J.
Subject: Request Submitted: Access Request for
maureen.mcvicker@enron.com

You have received this email because the requester specified you as their Manager. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000056914&Page=Approval to review and act upon this request.

Request ID          : 000000000056914
Request Create Date : 8/29/01 4:03:42 PM
Requested For       : maureen.mcvicker@enron.com
Resource Name       : Org Plus
Resource Type       : Applications


Herman has approved the revised Memorandum of Option.  I will incorporate it
into our form, okay?
K-

 -----Original Message-----
From:  Manis, Herman
Sent: Tuesday, May 29, 2001 7:55 AM
To: Carnahan, Kathleen
Cc: Mann, Kay; Sole, Carlos
Subject: RE: Revised form of Memorandum of Option

ok

 -----Original Message-----
From:  Carnahan, Kathleen
Sent: Friday, May 25, 2001 10:55 AM
To: Manis, Herman
Cc: Mann, Kay; Sole, Carlos
Subject: Revised form of Memorandum of Option

Herman,

Attached is a revised form of Memorandum of Option for your review.  We have
revised it to be consistent with our form of Option to Purchase.

Please advise if these revisions are acceptable.

Thanks

 << File: FORM of Memorandum of Option (2001) Rev 2.doc >>

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


Hi Folks,

Keeping with the "you know what I know" philosophy here.

Still checking on confirmations but wanted to pass this along to you from
one of our subscribers, Greg Divers.

Greg just sent me this email:

"WSCR 1160AM in Chicago just reported that Bears' WR Marcus Robinson is done
for the year because of a bulging disk in his back."

Thanks Greg.  While this is bad news for those hoping for a Robinson
comeback, at least it gives you a jump in the week for planning how to fill
the void.  More tonight as I hear it.

Joe

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com


Our next staff meeting is scheduled for Nov 21   I asked Kim to do a talk on
Revenue Management   BUT  she is on vacation that week.  so can she do it at
the following staff meeting?


---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/02/2001 03:52
PM ---------------------------
From: Michele Winckowski/ENRON@enronXgate on 04/04/2001 03:12 PM
To: Andrea Ring/HOU/ECT@ECT, Teb Lokey/ENRON@enronXgate, Maria
Salazar/OTS/Enron@ENRON
cc:
Subject: FW: Humor

A Preacher wanted to raise money for his church, and being told that there
was a fortune in Horse Racing, he decided to purchase a horse and enter him
in the race.  However, at the local auction the going price for horses was
so steep that he ended up buying a Donkey instead.  He figured that since he
had it, he might as well go ahead and enter it in the races, and to his
surprise, the Donkey came in third.

The  next day the racing form carried this headline, "Preacher's Ass shows".
The Preacher was so pleased with the  Donkey that he entered it in the race
again, and this time it won.  The next day the form said, "Preacher's Ass,
out in front!"

The Bishop was so upset with this kind of publicity, that he ordered the
Preacher not to enter the Donkey in another race.  The newspaper printed
this headline; "Bishop scratches Preacher's Ass."

This was just too much for the Bishop, and he ordered the Preacher to get rid
of the animal. The Preacher decided to give it to a Nun in a nearby convent.
The headline next day read, "Nun has the best Ass in town."

The Bishop fainted. He informed the Nun that she would have to
dispose of the Donkey. She finally found a Farmer who was willing to buy
it for $10. Next day the paper said, "Nun peddles her Ass for ten bucks."
They buried the Bishop the next day.


Don't worry about what I'm making for dinner.  You'll like it- even if it is
a fried chicken head.

Eric Bass@ECT
12/05/2000 11:12 AM

To: Shanna Husser/HOU/EES@EES
cc:
Subject: Re: FW: Chicken McNoggin, Hold the Fries (washingtonpost.com)

is this what you are making for dinner on thurs?

	Enron North America Corp.

	From:  Shanna Husser @ EES                           12/04/2000 02:21 PM

To: Eric Bass/HOU/ECT@ECT, ccampbel@tosco.com, lhusser@aol.com, Christina
Barthel/Corp/Enron@ENRON, mshuggies@aol.com, scrilla364@aol.com,
bonuraj@phelps.com, haynesgal@aol.com, sroy@vistacreek.com,
jennmmyers@hotmail.com
cc:
Subject: FW: Chicken McNoggin, Hold the Fries (washingtonpost.com)

Did anyone else hear about this?  So- gross.
---------------------- Forwarded by Shanna Husser/HOU/EES on 12/04/2000 02:20
PM ---------------------------

gary_l@deq.state.la.us on 12/04/2000 02:02:09 PM
To: agrezaffi@yahoo.com, amason2222@yahoo.com, bmorrison@uwbbr.com,
ChadVosburg@dotd.state.la.us, CGREMIL@entergy.com, MOONLHT@aol.com,
dacpourciau@hotmail.com, dcullen@bohbros.com, ericeskew@hotmail.com,
jacob_m_breaux@email.mobil.com, jeff.morrison@c-ka.com, jthompson@pecla.com,
jlangl1@lsu.edu, jpourci@lsu.edu, Jason_Lanclos@urscorp.com,
obeirnelisa@hotmail.com, MEMMAIL@aol.com, MikeVosburg@dotd.state.la.us,
marvelous_mitch@yahoo.com, mshuggies@aol.com, rroussel@burypartners.com,
shusser@enron.com, shawnk@jeiinc.com, rvosburg@shellus.com,
pvosbur@entergy.com, tharding@agctr.lsu.edu
cc:
Subject: FW: Chicken McNoggin, Hold the Fries (washingtonpost.com)

-----Original Message-----
From: Sharafkhani, Bijan
Sent: Friday, December 01, 2000 12:36 PM
To: Leonards, Gary; Ochterbeck, Mo; Tassin, Stephen; Wilkie, Jason;
Nguyen, Hoa Van; Meyers, Jason; Richard, Claudia; Harris, Percy
Subject: Chicken McNoggin, Hold the Fries (washingtonpost.com)

 http://www.washingtonpost.com/wp-dyn/articles/A7669-2000Nov30.html
 <<Chicken McNoggin, Hold the Fries (washingtonpost.com).url>>

 - Chicken McNoggin, Hold the Fries (washingtonpost.com).url


fyi...
 -----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Monday, February 25, 2002 11:51 AM
Subject:	System Imbalance Notice

February 25, 2002

To: Transcontinental Gas Pipe Line Corporation Customers and
Shippers

Re: System Imbalance Notice

Transco has traditionally experienced significant negative
transportation imbalances (deliveries in excess of receipts) on
its system when cash out index pricing is significantly lower
than spot gas pricing.  Based upon current gas prices and
current index averages, in addition to a significant increase in
market loads for the balance of the month, it is likely Transco
will experience significant negative imbalances.

Transco reminds its customers and shippers that, according to
Section 5.2 of Rate Schedules FT and IT, they "?have the
responsibility to adjust and maintain a concurrent balance
between receipts and deliveries?".  Transco expects all parties
to adhere to this requirement to ensure that there will be no
loss in Transco's operational flexibility.

Transco will closely monitor system conditions and, if shippers
and customers do create significant negative imbalances, Transco
may be required to initiate restrictive practices at its pooling
points and disallow make-up transportation.

If you have any questions, please call Terry Fitch at (713) 215-
3361 or John McGrath at (713) 215-2514.

Terry C. Fitch
Manager
Gas Operations


Theresa attached are renegotiation letters as discussed.

 Please note I did not find an address for Coleman in our files.  Also, I have not prepared letters for Howell Petroleum and North Central Oil Corporation.

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


Start Date: 3/2/01; HourAhead hour: 20;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030220.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 20 / Preferred:  29.00 / Final:  26.00)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 3/2/01
  UNIT_ID: CARBGN_6_UNIT 1

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 20 / Preferred:  75.00 / Final:  73.57)
  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 3/2/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_3000
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 20 / Preferred:  75.00 / Final:  73.40)
  TRANS_TYPE: FINAL
  SC_ID: ECTltNW
  MKT_TYPE: 2
  TRANS_DATE: 3/2/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: CISO_EPMI_6000
  ENGY_TYPE: FIRM


California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


---------------------- Forwarded by Randy Petersen/HOU/ECT on 09/15/2000
09:30 AM ---------------------------

"Mike Cunningham" <mjc@chguk.com> on 09/15/2000 09:04:39 AM
To: <cruinn@hotmail.com>, <randy.petersen@enron.com>
cc:
Subject: KIDG

Gentlemen,
?
A copy of the letter sent today by fax and hard  copy to the trustees. I
would be grateful if Randy could forward a copy to  Richard Sanders.
?
Best regards,
?
Mike Cunningham
 - Coach House-Kafus- claim for KIDG.doc


The attached memo may be helpful in preparing for power transactions with
municipalities.

Regards,
Janice

EB3811
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-3490)