ON further reflection, if Mavrix is to be a wholly owned sub of Enron
Pipeline Company (or whatever the current name is of the top-tier ETS entity)
then that entity ought to issue the guaranty.  Mavrix intends to buy capacity
from TW and possibly NN.  It would be innappropriate to have TW issue the
guaranty if TWs guaranty would likely operate in favor of TW.  Same for NN.
DF

Rod Hayslett

01/31/2001 01:16 PM
To: Jerry Peters/NPNG/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

The consideration isn't the point, its the fact that a creditworthy party,
Enron for instance, has guaranteed the business and in fact they are
creditworthy.    Therefore we haven't given Mavrix a special deal compared to
other shippers, since they are now by way of the guarantee creditworthy.
As I told you on the phone, Enron will do this for others as well, it's just
not cheap, it's like dealing with the guys in the pool hall!

Jerry Peters
01/31/2001 12:56 PM
To: Rod Hayslett/FGT/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

What is the objective of having Mavrix pay its parent/affliate (ETS) a
guarantee fee?   Will this prove that granting credit was
non-discriminatory?  I would argue no, since we don't look at the
consideration paid for guarantees of other companies.  The fact that a
credit-worthy party has issued a guarantee should be enough.  Legally, Mavix
is a separate company.  Parent companies frequently guarantee obligations of
subsidiaries without any direct consideration (other than enabling their
subsidiary to transact business).

Rod Hayslett

01/31/2001 07:56 AM
To: Mary Kay Miller/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

I didn't necessarily mean that we would pay a third party, just someone else
at Enron.

	From:  Mary Kay Miller                           01/31/2001 07:14 AM

To: Rod Hayslett/FGT/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

I agree with Rod.  By having it done by an outside party seems to make more
sense from an external view.   MK

Rod Hayslett

01/31/2001 06:40 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON, Jerry
Peters/NPNG/Enron@ENRON, John Jesse/NPNG/Enron@ENRON

Subject: Re: Mavrix

First, Mavrix is a subsidiary of what company?     I don't believe I have
seen that anywhere, but had heard that it was TW.   If it is not a subsidiary
of NNG why would NNG issue a guaranty for Mavrix?     I can have the
guarantee priced and then Mavrix can pay to have someone guarantee it's
positions.     This is not rocket science, but I believe we need to make an
effort to keep things looking like they are at arms length and that this is a
separate company.     If you all agree, let me know and I can have someone
get with Steve Harris and get the guaranty priced.

For Jerry and John:   Let me know but I think we can get this priced down
here inside the day.     Let me know how you want to proceed.

Drew Fossum
01/30/2001 06:01 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Tracy Geaccone/GPGFIN/Enron@ENRON

Subject: Re: Mavrix

I guess you wouldn't want to use any of the joint venture entities to issue
the guarantee because of the complexities of their ownership structures.  You
also wouldn't want to go outside of ETS because of marketing affiliate
issues.  By process of elimination, I guess I'm OK with NN issuing the
guarantee.  In my view, if Mavrix' commercial strategies are unsuccessful and
Northern has to perform on the guarantee, good luck recovering any of those
dollars in Northern's next rate case.  Thanks.  DF

Susan Scott
01/30/2001 02:27 PM
To: Drew Fossum@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Tracy
Geaccone/GPGFIN/Enron@ENRON
cc:

Subject: Mavrix

Mavrix Transportation Trading Corp., which is a subsidiary of ETS, needs to
satisfy TW's creditworthiness requirements in order to enter into a
transportation agreement with TW.  Paul Cherry has suggested that Northern
Natural Gas issue a guarantee.  Please let me know whether you think this
would be acceptable.  If Mavrix wanted to hold NNG capacity, TW could issue
the guarantee.


---------------------- Forwarded by Don Miller/HOU/ECT on 10/23/2000 03:28 PM
---------------------------

	From:  Mitch Robinson @ ENRON                           10/23/2000 03:23 PM

To: Benjamin Rogers/HOU/ECT@ECT
cc: Ross Newlin/HOU/EES@EES@ECT, Don Miller/HOU/ECT@ECT, Gus
Eghneim/Corp/Enron@Enron
Subject: Re:

Gus -

Many of these are environmental in nature.  Can you take a first stab?

Thanks,

Mitch

Benjamin Rogers@ECT
10/23/2000 03:19 PM
To: Mitch Robinson/Corp/Enron@Enron, Ross Newlin/HOU/EES@EES
cc: Don Miller/HOU/ECT@ECT

Subject:

Here are more questions from Allegheny.  I broke these out based on the
facilities.
Thanks!
Ben


FYI
----- Forwarded by Tana Jones/HOU/ECT on 10/26/2000 11:22 AM -----

	Lisa Lees
	10/26/2000 10:43 AM

		 To: Jason Althaus/Corp/Enron@Enron
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: ETAs

Jason,

As we discussed, please route the message below to the approriate IT person
to retrieve the ETAs referenced.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/26/2000 10:37 AM
---------------------------
From: Tana Jones on 10/25/2000 03:26 PM
To: Lisa Lees/HOU/ECT@ECT
cc:
Subject: ETAs

Travis needs to get copies of the ETA's below.  I don't know if there is
someone here in Houston that can get them for him, or someone in London.  I
usually would have called Edmund on this but he's out sick for awhile.  Can
you track it down for us?  Thanks!
----- Forwarded by Tana Jones/HOU/ECT on 10/25/2000 03:24 PM -----

	Travis McCullough
	10/25/2000 02:43 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ETAs

Tana -- I need the EnronOnline ETAs (faxes would be OK) for the following
countries:

Australia
Bermuda
Chile
Croacia
Czech Republic
Denmark
Japan
Mexico
Norway
Peru
Poland
Romania
Slovenia

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


-----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, August 20, 2001 8:25 PM
To:	Dasovich, Jeff; Kingerski, Harry; Mara, Susan
Subject:	Going Forward California Costs - Future Revenue Reqts

I wanted to make sure that everyone is on the same page related to utility costs in California.  These costs may be (will be?) collected  from some utility customer, potentially including direct access customers.

Bucket #1	Utility Undercollection Feb 1, 2000 Through Jan 18, 2001

About $12.0 Billion (this money includes our Negative CTC amounts).  Should be financed through corporate debt.  No securitization.

Enron's Position:	Bundled service on Jan 1, 2001 pays fixed c/kwh

Bucket #2	CDWR Cost from Jan 5, 2001 through Bond Issuance or March 31, 2002

About $12.5 Billion  (about $10 Billion for spot purchases and $2.5 Billion for long-term buys)

Enron's Position:	Dedicated Rate Component (DRC) for all residential and small customers.  Larger customers are assigned direct responsibility for the Undercollection on c/kwh.  Balancing account for holding Utility even.

Bucket #3	Prospective Generation Costs for Bundled Service Post March 31, 2002

URG 	= $40/mwh (retained generation and bilateral contracts)
CDWR 	= $120/mwh
QF 	= $100/mwh

TOTAL 	= URG*%sales + CDWR*%sales + QF*%sales
	= $90/mwh

Bucket #4	AB1890 Non-Generation Stranded Costs

Bucket #5	AB1890 Generation Stranded Costs


Attached is GPG's report for October 2000.


houston
Bryson?
3-6424 -- Peggy Menchaca
Kathleen
Leslie Lawner - gas choice
Fumo3 (4,8,11,12,20)
Peco 15 (
39235
Lauren Cox 9416377899


Could you please fax me a copy of plan B?  Sorry we didn't participate in
the call yesterday--no one at Mirant received notice of the call, though I
understand you did e-mail out the call information.  Must have been a
technical glitch.

My fax number is 678-579-5890.  Thanks.

Sonnet Edmonds

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Monday, May 14, 2001 9:48 PM
To: sryan@aesc.com; hoffman@blackstone.com; bbailey@duke-energy.com;
Lynn.A.Lednicky@Dynegy.com; john.harrison@elpaso.com;
rachael.king@elpaso.com; clark.smith@elpaso.com; skean@enron.com;
tom.allen@mirant.com; sonnet.edmonds@mirant.com;
randy.harrison@mirant.com; alex.goldberg@williams.com
Cc: Maureen.McVicker@enron.com
Subject: Summary of Today's Call/Agenda for Tomorrow's Call

Greetings:
n order to keep everyone in the loop, the folks on today's call wanted to
send out a brief summary of the call for the benefit of those who couldn't
make it.  Apologies for any omissions, inaccuracies, etc.  Others who were
on the call please chime in if I've gotten anything wrong, or missed
anything.

Best,
Jeff

SUMMARY
Enron, Duke, El Paso and Williams were on the call, as was Michael
Hoffman of the Blackstone Group (the Governor's financial advisors).
On the subject of how the group would organize itself, it was agreed
that the calls would be open to anyone who wanted to participate.
A smaller group consisting of Duke, El Paso, Enron, and Williams would
take the lead on walking the halls of Sacramento, meeting with policy
makers, and advocating whatever plan the group develops.
Folks agreed that achieving a comprehesive solution requires a tangible
process; that is, the principals need to get in a room, face to face,
for however long it takes to work out a resolution.
It was agreed that the process should start no later than the beginning
of next week, and that it should take place in Sacramento.
It was decided that the Legislature and the Attorney General needed to
be brought into the process as soon as possible, i.e., next week.
There was some discussion regarding the release today of "Plan B."  Plan
B is a plan proposed by Democratic and Republican legislators as an
alternative to the MOU that the Governor struck with Edison.  After that
call I received a copy of "Plan B."  If you'd like a copy please send me
your fax number.
Folks on the call agreed to have the next "supplier-only" call-in
meeting on Friday.
Finally, Michael Hoffman said that they are hoping to have a "ratings
agency level" presentation prepared by the end of the week.  The goal of
the presentation is to reassure capital markets that the bonds the state
seeks to issue are solidly backed by retail rates.

The Agenda for Tomorrow's Call with the Governor's Staff
Item #1:       The Credit Issue
Michael Hoffman said that the Governor's office wants to start
tomorrow's meeting discussing the creditworthiness issue.
Hoffman said that the Governor's folks are hoping to have completed by
the start of tomorrow's meeting a draft of an agreement between the
California PUC and CDWR.  The agreement is designed to ensure that DWR
gets paid for power services delivered.
If the draft is ready, they'd like to discuss on the call tomorrow.

Item #2:       Identify the Components of a Comprehensive Solution.
It was agreed that our group should put on the table at tomorrow's
meeting the universe of issues that need to be included in a
comprehensive solution.
Enron was asked to take a first stab at what those components are.  The
following is a brief outline, which is not intended to be definitive,
but a starting point for discussion.
Utility creditworthiness
retail rates must reflect costs
Increase supply
streamline and otherwise reform the siting process
Decrease demand
establish real-time pricing
implement demand buy-down and other conservation programs
Create a real market
Remove the State from the power-buying business as soon as possible
(e.g., once new rates are in place and utilities are returned to
creditworthiness; approximately 3-6 months)
Return the procurement role to the utilities
Reinstate Direct Access immediately for all customers
Within 18-24 months, create a "core/noncore" market structure for
electricity, similar to California's market structure for natural
gas
Keep the industry in the hands of the private sector
Reject proposals calling on the State to take over transmission,
generation, etc.
Resolve outstanding legal claims, investigations, etc.
Resolution requires certainty and prompt payment (understanding
that discounts on receivables is on the table for discussion)


UserName: CAMPB54792

You have an electronic trade confirmation in your Inbox.  To retrieve your
trade confirmation you may login to Datek Online and choose Document Delivery
from the Account Services menu, or you may click on the link below:

https://tumble2.datek.com/posta?x=1-5260228-5236993-J0ZQC139

You have received this message because you subscribed to electronic delivery
for your Datek Online account.  If you wish to stop receiving account
documents via electronic delivery, you may cancel your subscription by
logging into Datek Online and choosing "Settings" from the
Account Services menu.

For more information please call Customer Support at 1-888-U2-DATEK, or send
email to support@datek.com.

Thank you for trading with us.

Datek Online Brokerage Services
Member NASD / SIPC


-----Original Message-----
From: 	Imai, Rika
Sent:	Wednesday, November 21, 2001 10:51 AM
To:	Black, Tamara Jae
Subject:	AGENDA FOR PIRA PRESENTATION

TJ,
Please send this out to all the traders
___________________________________________________________________________________________________________________

PIRA will be here on  Monday, December 3rd from 3:30-5:30.

The meeting will be located on the 6th floor in room 6980.

If you have any specific topics you would like to have covered, please feel free to send me an e-mail

Thank You

Rika

Electricity & Fuels Briefing
Allan M. Stewart, Managing Director

AGENDA

Agenda:  This Agenda sets out a broad set of topics which will be covered in handout charts and tables accompanying this briefing. Active participation is encouraged to help efficiently utilize the time of discussion in line with areas of greatest interest.  In addition any questions forwarded in advance will be addressed.

Briefing Objective:  Review and analyze key drivers of electricity & fuel prices at various regional markets throughout North America, with a special emphasis on those subregions of the Eastern Grids. Discuss the key factors/risks in PIRA's reference case outlook and explore important alternative scenarios. Principal timeframes will be now through 3Q2002 (short-term), and 2002-4 (medium-term). There will be a brief discussion of strategic issues and those relating to longer-term timeframes.

Short-Term Electricity & Fuels Outlook (Next 12 Months)
Electricity Price Outlook (vs. Current Consensus)
Overall Load, Resource & Price Assessments
Capacity Modeling & Results
Hydro, Fuels, & Environmental Developments
Implications for Natural Gas Demand/Prices

Medium-Term Electricity & Fuels Outlook (1 -3 Years)
Capacity Outlook
Survey Results & Implications For Prices & Asset Values
Structural Change Prospects and Potential Impacts
Strategic Implications For Traders/Asset Managers
Implications for Natural Gas Demand/Prices

Longer-Term & Strategic Issues for Future Electricity & Fuels Markets
	-	Outlook For Capacity Additions, Retirements, Environmental Factors & Prices
Potential Strategy Options For Consideration

Fuels & Emissions Markets
Natural Gas, Oil, and Coal Market Outlooks & Risks
Significant Emission Markets Developments


The EnronOnline Audit is scheduled to begin the week of June 4, 2001 and is expected to take approximately two months to complete.  The audit will be executed by Arthur Andersen and led by Jennifer Stevenson and Russ Bouwhuis.

We will schedule an opening meeting with you the week of  June 4, 2001 to discuss audit scope and any concerns or suggestions you may have.

The objective of the audit will be to determine whether procedures and controls exercised over activities are adequate and operating effectively.

Results of the audit will be discussed with you and other appropriate personnel both during the audit and at the audit closing meeting.

We will endeavor to conduct this audit in a manner that will minimize interruption of your normal business activities and we look forward to working with you and your personnel. Please call me at x5-4554 if have any questions.

Mechelle Atwood
Director, Enron Assurance Services
Enron Wholesale Services
713.345.4554; Location:  EB2383
Mechelle.Atwood@enron.com


Dear Stinson,

I apologize for the delay in responding. I was away Wed-Sun and
just returned. Thank you very much for your email. I plan to make
a firm decision on my future plans sometime in the later half of
April, and would be extremely interested in getting an offer from
ENRON. I think the opportunities at ENRON are very exciting and
there is room for some real contribution to the group.

Best wishes,
Salal

|>
|>
|> Salal,
|>
|> Hope everything is going well with your thesis.     We enjoyed hearing
about
|> your research topics during your visit to Houston and feel that you could
ad
 *d
|> many new ideas to the innovative environment that we are cultivating at
EBS.
|> I regret being a bit slow to get back to you after your visit.    Please
let
 * me
|> know if you are still available and interested in coming to EBS.    If so,
I
|> will work on getting a formal offer out to you ASAP.    If not, we would
sti
 *ll
|> be interested in staying in touch in case you would be interested in
working
|> with us at some point in the future.
|>
|> Best regards,
|>
|> --Stinson
|>
|>

-----------------------------------------------------------------------------
                                Salal Humair
                    Massachvsetts Institvte of Technology
                          Operations Research Center
                             Rooms E40-130, 5-332A
                                x3-3014, x5-9727
-----------------------------------------------------------------------------


Folks:  Let me know if this captures the results of the conversation on
Friday.

Best,
Jeff
******************************************************************************
*********************************************
Basics of Proposal
Something akin to the MOU (that adequately addresses the solvency issue, for
the IOUs, the State and QFs), but WITHOUT the transmission component
Direct Access for ALL customers, transitioning to a core/noncore market
structure in 18-24 months (this can be accomplished without stranding CDWR's
contracts)
Concessions
 -IOUs (MOU modifications)
 -Generators (past due amounts)
 -investigations
Package to finance the deal (bond issuance backed by rate increases to permit
securitization)

Message
This is the last best chance to achieve a comprehensive settlement
We have developed a comprehensive solution and are meeting with everyone that
will see us.
We have thus far received positive feedback on and a willingness to work with
our proposal
We intend to work tirelelessly to gain support for a total solution---it's
vital, and time's running out

Media Strategy---Karen Denne

Corporate leader strategy---Karen Denne

Meetings with legislators in Sacramento---Sandi McCubbin

WPTF, IEP, ARM---Sue Mara

Large customers---Jeff Dasovich


Here it is!  Your Enron Net Works Holiday Party Invitation.  Please click on
the attached link to launch.

http://207.21.193.94/Extravaganza.html

Please contact my assistant, Liz Taylor @ x31935, should you experience any
difficulty with the link.

Greg


HEY, you didn't copy your brother and I think I may come down Saturday to go fishing.  What do you think about that?

-----Original Message-----
From: Jerry W Germany [mailto:germanj@basf-corp.com]
Sent: Monday, June 24, 2002 9:57 AM
To: Germany, Chris
Subject: Re: Bad news

Man those steaks I cooked Saturday were great.   Bought six Rib Eyes, amn
were they good.   I hurt myself.  Barb had to use the big tractor to move
me around.  If I die from plugged arteries it's yall's fault.   Me having
to eat all those steaks alone.

Not really, we did not have steaks, well not till Sunday when Barb and I
went to El Tora.   We are going t BBQ July Fourth if you guys would like to
come.   Chance is coming in from teh Navy so thought we might cook some.
Dennis and Janice are coming down also.   Figure we will have baked beans,
potatoe salad, few deserts.   Maybe even home made Ice Cream.   You guys
are invited.   Should be lots of babies there.  (New Borns).   I have the
jet ski setting by the water on the bank and will drop the poontoonn boat
in this weekend for riding up ad down the Bayou.

See ya,

Oh yeah Chris, when you called last night Barb and I were out riding the
Scooter around.   Just Chilling.  We rode around looking at houses, yards
etc in town for about 1.5 hours.   It was nice.  Life is good.

Don, your Ex came by Friday for some plants.   She seemed to be doing well.
How about you?

Well gotta go,

Bayou Jer

                      "Germany, Chris"
                      <Chris.Germany@e                To:  Jerry W Germany, "Don Germany (E-mail)"
                      nron.com>                cc:
                                               Subject: Bad news
                      05/28/2002 01:14
                      PM

I have some really bad news.  My little girl, when she makes a frown face,
she looks just like her Uncle Jerry.  I think that's a very bad sign.

She weighs 7 lbs 4 ozs as of today.

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


Why are you responding without responding? Do you know where Michelle is. I
think she's hiding.

Louis

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com] On Behalf Of
Tana.Jones@enron.com
Sent: Tuesday, November 14, 2000 10:24 AM
To: lofeco@ev1.net
Subject: RE: Tana

Thanks! I think I can meet you on Friday and I did some research and found a
thermostat that switches automatically.

Louis

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com] On Behalf Of
Tana.Jones@enron.com
Sent: Tuesday, November 14, 2000 9:10 AM
To: lofeco@ev1.net
Subject: Re: Tana

I'll leave you a check tomorrow.  Also, I'm taking Friday afternoon off to
meet the stove repair guy.  Can you meet me there to do house & yard clean
up day?

                    "Louis
                    Fernandez            To:     "Tana Jones"
<tana.jones@enron.com>
                    Co."                 cc:
                    <lofeco@ev1.n        Subject:     Tana
                    et>

                    11/14/2000
                    09:08 AM
Hi Tana, did you get the money situation taken care of. Please let me know.
I do have a payroll to meet.

Thanks
Louis
(See attached file: winmail.dat)

 - winmail.dat


As we discussed.

 -----Original Message-----
From: 	Zucha, Theresa
Sent:	Thursday, July 26, 2001 3:15 PM
To:	Taylor, Mark E (Legal)
Cc:	Theriot, Kim S.
Subject:	Consent and Amendment Agreement

Theresa Zucha on behalf of
Stacy Dickson Granmayeh
Enron North America Corp.
1400 Smith St., EB3884
Houston, TX  77002
Phone:  713/345-4582
Fax:  713/646-3490


I agree that the current Word document approval form will not be very
practical once we scale up. Going forward, we could be looking at some kind
of database solution as implemented for EnronOnline.

TV

Bryan Seyfried
20/05/2000 13:09
To: Tomas Valnek/LON/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT, Denis O'Connell/LON/ECT@ECT, Paul
Simons/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Rod Nelson/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT,
ECT London Credit Trading

Subject: Re: Credit Trading - Approval Form

Although this makes a lot of sense, how are going to implement it?  We plan
to scale massively and I cannot imagine that this will be efficient enough to
facilitate the time frames and number of reference credits that we are
anticipating.  I think that we need to have a general policy that we can look
to instead of approving them on a one off basis.

Let's discuss

Tomas Valnek
19/05/2000 11:42
To: ECT London Credit Trading, Denis O'Connell/LON/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Paul Simons/LON/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, William S Bradford/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT
cc:

Subject: Credit Trading - Approval Form

Attached is an Approval Form that will have to be completed to request if we
want to trade with a new counterparty or on a new reference credit. I have
incorporated comments from Origination, Credit and Legal. But should you have
any further comments please let me know ASAP, as I plan to introduce this
form by the middle of next week. (Note that there will be two forms, one for
bankruptcy swaps and one for other credit derivatives.)

Regards

Tomas


Morgan Stanley has advised me this morning of the following with respect to
accounts:

1.  The name of the account must be identical to the name of the certificate
holder.
2.  An account holding only a certificate(s) is subject to a minimum equity
requirement of USD 500,000.

As the certificate holder is the Brazilian company PEP, the broker will
require additonal equity.  I am still awaiting a broker response as to
whether the certificate holder can execute a stock power in favor of the
account holder thereby enabling us to lodge the certificate(s) in the
existing (Enron Brazil Power Holdings XII) account.   Alternatively, the
certificate(s) can be held in the Enron Corp. vault.

Robert, when do you need to respond to BONY?

To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pedro Henrique
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ECT
cc:
Subject: Instruction Letter to BONY

Attached is a proposed form of letter requested by BONY to issue the ADRS.  I
am missing (i) the number of shares being placed on deposit with Itau, (ii)
the location to deliver our ADRs and (iii) Itau's title as local custodian of
the Brazilian shares.  I will find out the official title for Itau.  In
addition, I am contacting Itau and getting contact information to provide our
Brazilian brokers so that they can transfer the Brazilian shares to Itau.
Let me know if you have any comments or suggestions.


I found this employment ad on a job search site. They need atleast one more
trader already!

http://www.hgtv.com/HGTV/project/0,1158,DEID_project_30257,FF.html


Re: SEC Staff Interpretations of Pooling Rules

                     Attached is a memorandum from Sullivan & Cromwell
concerning the above subject. A summary is also included at the end of
the text of this e-mail message.

                    The attached file is in Adobe Acrobat
format.  We believe most PCs will already have an Acrobat viewer
loaded; we can provide free copies if Acrobat is not already loaded,
and free copies can also be downloaded from the Adobe Acrobat web
site at www.adobe.com.  To view or print the memo use your e-mail
system's function for opening attachments in their native format.
Hard copies can be obtained from Ivy Moreno at S&C in New York,
telephone 212-558-3448, e-mail: Morenoi@sullcrom.com.

SUMMARY

                    On November 8, 2000, the Division of Corporation
Finance and the Office of the Chief Accountant of the Securities and
Exchange Commission ("SEC") released a summary of selected SEC staff
interpretations of the rules governing the pooling-of-interests method
of accounting for business combinations (the "Guidance").  The Guidance
includes references to two White Papers recently published by the
American Institute of Certified Public Accountants ("AICPA") that
summarize other SEC interpretations of the same rules.

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - CMS10735.pdf


I'm attaching a summary status to let you know where we are and what the
preliminary project costs are looking like.  Jennifer Fraser has been trying
to identify some additional individuals from the trading organization to
provide input into the final design.  These meetings are being conducted by
IT today (3-5pm) and tomorrow (3-5pm).  Doesn't sound like she's had great
success at getting people identified.  Can you provide names of resources who
could participate ?


Attached is the form of schedule to the 1992 ISDA Master Agreement we use for
purely financial transactions - swaps and options.  There are a large number
of choices and variables to consider in these documents and usually whenever
an Enron company begins financial trading in a new jurisdiction we work with
local counsel to adapt the form and then handle most of the drafting and
negotiating from here.  To the extent you are interested in using ISDA Master
Agreements, we will be happy to continue in the same way.  I'm not sure they
will be much help in constructing the type of physical commodity agreements I
suspect you need.  If you need the printed form of the ISDA Master that the
schedule relates to, let me know and I can have it faxed to you.

When the transaction is physical, even if there is an embedded swap or option
of some kind, we use physical commodity contracts which vary widely from
commodity to commodity.  I will ask Elizabeth Sager to send you some sample
electricity forms and Jeff Hodge or Dan Hyvl to send some natural gas forms.
In a trading context, since Enron may be on either side of one or more
transactions with the same counterparty, the forms are drafted in a bilateral
fashion (basically we only ask for thing we are willing to give).  If your
situation is different (e.g. our transactions with one party involve only the
purchase of fuel and with another party only selling electricity, dramatic
changes to these forms might be in order.

With regard to loan/finance transactions, I am not at all familiar with forms
they use and in fact those transactions may be individualized to the extent
that they don't even use forms as such.  I will ask Julia Murray to contact
you or have one of the people in her group get in touch with you to talk
about those types of transactions.  Unfortunately, I don't know of an
electronic table of contents to the forms.  There is a project underway to
create a forms database but it is in the very early stages of thought.

	Enron Capital & Trade Resources Corp.

	From:  "Andrea Bertone" <Andrea_Bertone@ei.enron.com>
  06/10/99 12:45 PM

To: Mark - ECT Legal Taylor/HOU/ECT, bhendry@ei.enron.com
cc: "Robert H George" <Robert_H_George@ei.enron.com>
Subject: ECT Forms

When we met in Buenos Aires a couple of months ago, you mentioned that you
might
be able to provide Robert George and I with some ECT forms that would help us
with our deals in the Southern Cone. Of course these forms would be used as a
guideline and would be adapted as needed to comply with local laws. We would
be
interested in any electronic copies of any ECT forms where (i) Enron is a
party
to either side of a physical or financial swap (fuel and/or electric), (ii)
Enron is a party to fuel or electricity supply agreements (interruptible or
firm), (iii) Enron is a party to loan/finance documents, and (iv) Enron is a
party to construction /O&M Agreements.  Equally useful might be an electronic
table of contents to the ECT form books that  Brent mentioned having when I
was
last in BA.  Thanks much.


call me


Can I please see the resumes.


i think you're absolutely right about q/u.  again just a question of when to
put it on.  Seems as if I'm always on the offer of that spread.  yesterday i
had a 4.5 offer all day and i think i got 50 or so.  i can almost leg it
better by buying winter and selling summer and the j/q spread. i would like
to see it widen another penny before stepping in and i think with the
weakness in the winter and relative weakness of cal 2, on any rally that
could happen.

was that you on the q/u/v fly yesterday?


FYI
----- Forwarded by Mark Taylor/HOU/ECT on 05/08/2001 10:39 AM -----

	exchangeinfo@nymex.com
	05/07/2001 04:02 PM

		 To: mark.taylor@enron.com
		 cc:
		 Subject: (01-154) Implementation of New NYMEX Rule 9.11A (Give-Up Trades)

Notice # 01-154
May 7, 2001

TO:
All NYMEX Division Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Implementation of New NYMEX Rule 9.11A (&Give-Up Trades8)

DATE:
May 7, 2001
===========================================================
Please be advised that beginning on the trade date of Friday, June 1, 2001,
new NYMEX Rule 9.11A (&Give-Up Trades8) will go into effect.

! In the absence of an applicable give-up agreement, new Rule 9.11A will
define the respective responsibilities/obligations to an order of executing
brokers, customers and Clearing Members.

! The term &executing broker8 as used in Rule 9.11A refers to the registered
billing entity, Member Firm or Floor Broker to whom the order is transmitted.

! Rule 9.11 will provide that, in the absence of an applicable give-up
agreement, a Clearing Member may reject a trade only if: (1) the trade
exceeds trading limits established by the Clearing Member for that customer
that have been communicated to the executing broker as provided by the rule
or (2) the trade is an error for which the executing broker is responsible.

! The new rule also places affirmative obligations on executing brokers to
confirm Clearing Member authorization for an account.  For example, prior to
an executing broker accepting and executing an initial order for any new
customer account, such executing broker must confirm with the Clearing Member
by telephonic, electronic or written means, that:
(a) the customer has a valid account with the Clearing Member;
(b) the account number;
(c) the brokerage rate;
(d) the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(e) a listing or summary of persons authorized to place orders for that
account.
Moreover, the executing broker must retain a copy of the authorization or the
specifics of the telephonic confirmation, which includes: opposite party,
date, time, and any other relevant information.  The Compliance Department
will conduct periodic audits of such records, and falsification of such
information shall be the basis for disciplinary action.

If you have any questions concerning this new rule, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Thomas LaSala, Vice President, NYMEX Compliance Department, at
(212) 299-2897; or Arthur McCoy, Vice President, Financial Surveillance
Section, NYMEX Compliance Department, at (212) 299-2928,

NEW RULE 9.11A (&Give-Up Trades8)

(Entire rule is new.)

Rule 9.11A Give-Up Trades

In the absence of a give-up agreement whose terms and conditions govern the
responsibilities/obligations of executing brokers, customers and Clearing
Members, the following rules shall define the respective
responsibilities/obligations of those parties to an order.  The &executing
broker8, as used in this rule, is the registered billing entity, Member Firm
or Floor Broker to whom the order is transmitted.

(A)   Responsibilities/Obligations of Clearing Members

(1). Limits Placed by Clearing Member.   A Clearing Member may, in its
discretion, place trading limits on the trades it will accept for give-up for
a customer,s account from an executing broker, provided however, that the
executing broker receives prior written or electronic notice from the
Clearing Member of the trading limits on that account.  Notice must be
received by the executing broker in a timely manner.  A copy of such notice
shall be retained by the Clearing Member.

(2). Trade Rejection.  A Clearing Member may reject (&DK8) a trade only if:
(1) the trade exceeds the trading limits established under Section I(A) of
this rule for that customer and it has been communicated to the executing
broker as described in Subsection (A); or (2) the trade is an error for which
the executing broker is responsible.  If a Clearing Member has a basis for
rejecting a trade, and chooses to do so in accordance with the provisions of
Rule 2.21(B), it must notify the executing broker promptly.

(3). Billing.  A Clearing Member will pay all floor brokerage fees incurred
for all transactions executed by the executing broker for the customer and
subsequently accepted by the Clearing Member by means of the ATOM system.
Floor brokerage fees will be agreed upon in advance among the Clearing
Member, customer and the executing broker.

(B) Responsibilities/Obligations of Executing Brokers

(1) Customer Order Placement.  An executing broker will be responsible for
determining that all orders are placed or authorized by the customer.  Once
an order has been accepted, a broker or the broker,s clerk must:

(a) confirm the terms of the order with the customer;
(b) accurately execute the order according to its terms;
(c) confirm the execution of the order to the customer as soon as
practicable; and
(d) transmit such executed order to the Clearing Member as soon as
practicable in accordance with Exchange Rules and procedures.

2. Use of Other Persons.  Unless otherwise agreed in writing, the executing
broker is allowed to use the services of another broker in connection with
the broker,s obligations under these rules.  The executing broker remains
responsible to the customer and Clearing Member under these rules.

3.  Executing Broker Responsibility for Verifying Clearing Member
Authorization.  Prior to a broker accepting and executing an initial order
for any new customer account, the executing broker must confirm with the
Clearing Member by telephonic, electronic or written means, that:
(f) the customer has a valid account with the Clearing Member;
(g) the account number;
(h) the brokerage rate;
(i) the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(j) a listing or summary of persons authorized to place orders for that
account.
The executing broker must retain a copy of the authorization or the specifics
of the telephonic confirmation, which includes: opposite party, date, time,
and any other relevant information.  The falsification of such information
shall be the basis for disciplinary action.

4. Rejection of Customer Order.  Where an executing broker has confirmed
Clearing Member authorization to execute orders on behalf of a customer in
accordance with this Rule 9.11A, the broker may, in the broker,s discretion,
reject an order that the customer transmits to the broker for execution.  The
broker shall promptly notify the customer and the Clearing Member(s) of any
such rejection.

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

"
http://208.206.41.61/email/email_log.cfm?useremail=mark.taylor@enron.com&refdo
c=(01-154)"

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.


Fine with me.   Let's get this out ASAP!!!!!!!

Regards,

Jeff

 -----Original Message-----
From: 	Meyer, Vance
Sent:	Friday, December 07, 2001 10:43 AM
To:	Whalley, Greg; Taylor, Liz; Fleming, Rosalee; Lay, Kenneth; McMahon, Jeffrey; Ford, Sue
Subject:	E-mail for approval

 << File: Retention.doc >> Gentlemen -- Here is the latest version of the e-mail to employees regarding the retention payments and current plans for restructuring.  Please provide your changes or approvals, so that we can get this on the system.

Thank you

Vance Meyer
54459


-----Original Message-----
From: 	Long, Lindsay
Sent:	Wednesday, October 24, 2001 9:07 AM
To:	Armstrong, James; Becton, Pam; Cernosek Jr., Frank; Cothran, Robert; Dahanayake, Bernard; Davis, Dana; Eubanks Jr., David W.; Kang, Lisa; King, Lisa; Medrano, Veronica; Miller, Brad; Obey, Rena; Schwertner, Brian
Subject:	Treasury download

		The treasury download for today is complete

			Lindsay


Successful people take the time they need to increase their
value to the organization.

 For information on PGS Energy Training's upcoming
seminars in downtown Houston (in April) call
412-279-9298 or visit
http://www.pgsenergy.com/schedule.html

Available seminars include:
    1) Fundamentals of Energy Futures, Options & Derivatives
    2) Fundamentals of the Electric Power Industry
    3) Gas-to-Electricity Arbitrage & How to Maximize the
        Profitability of Electric Generation Assets
    4) Developing Effective Risk Management Policies
        & Procedures (John Wengler)
    5) Fundamentals of Statistical Analysis (Dr. Ken Skinner)
    6) How to Value Electric Generation Assets as Real Options
    7) Fundamentals of Value-at-Risk (Soli Forouzan)

Save money by bringing a group of 4 or more.
With a group rate, your cost for a $1,295 seminar is reduced
to $895 per attendee-- a savings of $1,600 from regular
prices. The group price for the $695 programs is $495.

Please forward this to anyone who might benefit from a better
understanding of energy derivatives, risk management,
gas-to-electricity arbitrage, statistics or electric power trading.

John Adamiak
PGS Energy Training
www.pgsenergy.com


I may be switching to Mondays.  My Tue class is
unbearable. I'll let you know Friday when they finish
drop add's.
Stop checking your email-aren't you on vacation?

--- "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com> wrote:
> Thanks.  Love to catch up on Tuesday when I get
> back, if that works for
> you.
>
> Best,
> Jeff
>
> -----Original Message-----
> From: Courtney Abernathy
> [mailto:courtney_abernathy@yahoo.com]
> Sent: Tuesday, September 04, 2001 12:56 PM
> To: Dasovich, Jeff
> Subject: Re: Missed Ya
>
>
> Hey Jeff
> Yep there were a lot of people.  The class seems a
> lot
> more like an undergrad class: lecture style, one
> small
> book,  only one exam-in class final, no name tags,
> no
> attendance monitoring. Lecture seems to VERY closely
> mirror the book. While the logistics look favorable
> from a time perspective, I'm not sure how promising
> it
> looks from a "wow" that was a great class
> perspective.
>
>
> Class held from 6:00 til 8:30 ish, w/ a 5 min break
> (we voted).
> Hope you're havin fun on vacation!  Let me know if
> you're going to go to this class, or want to catch
> up
> on Tues durng break-
> Courtney
>
>
>
>
> --- "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com>
> wrote:
> > Hey.  Work prevented me from going to class at all
> > last nite.  Does the
> > course seem like it will be good?  Were there a
> > million people there?
> > Chances are very low that I'll get in, but I'm
> gonna
> > try anyway.  I'm on
> > vacation next week (yeah), but maybe we can catch
> > during the break on
> > the following Tuesday or Wednesday.  Good to see
> you
> > the other night.
> > Take care.
> >
> > Best,
> > Jeff
> >
> > >  -----Original Message-----
> > > From: 	Courtney Abernathy
> > > [mailto:courtney_abernathy@yahoo.com]
> > > Sent:	Tuesday, July 24, 2001 12:51 AM
> > > To:	Jeff Dasovich
> > > Subject:	Stranger
> > >
> > > Hey there!
> > >
> > > How are you?  How's your summer? I'm nearing the
> > end
> > > of summer school and cannot wait til it's over.
> > The
> > > class has been a new low point in terms of
> > educational
> > > value-it sucks! ...in fact, I'm in class now.
> > >
> > > Work is fine-not thrilling.  Again-I'm thinking
> > about
> > > taking advantage of Sun's flexible work deal and
> > > moving back up to the city. I do not like the
> > south
> > > bay much.
> > >
> > > Trying to get a happy hour together in
> > August...are
> > > you around?
> > >
> > > Let me know how you are...
> > > Courtney
> > >
> > >
> > >
> > >
> __________________________________________________
> > > Do You Yahoo!?
> > > Make international calls for as low as
> $.04/minute
> > with Yahoo!
> > > Messenger
> > > http://phonecard.yahoo.com/
> >
> >
> >
>
**********************************************************************
> > This e-mail is the property of Enron Corp. and/or
> > its relevant affiliate and may contain
> confidential
> > and privileged material for the sole use of the
> > intended recipient (s). Any review, use,
> > distribution or disclosure by others is strictly
> > prohibited. If you are not the intended recipient
> > (or authorized to receive for the recipient),
> please
> > contact the sender or reply to Enron Corp. at
> > enron.messaging.administration@enron.com and
> delete
> > all copies of the message. This e-mail (and any
> > attachments hereto) are not intended to be an
> offer
> > (or an acceptance) and do not create or evidence a
> > binding and enforceable contract between Enron
> Corp.
> > (or any of its affiliates) and the intended
> > recipient or any other party, and may not be
> relied
> > on by anyone as the basis of a contract by
> estoppel
> > or otherwise. Thank you.
> >
>
**********************************************************************
> >
>
> > ATTACHMENT part 2 application/ms-tnef
> name=winmail.dat
>
>
>
> __________________________________________________
> Do You Yahoo!?
> Get email alerts & NEW webcam video instant
> messaging with Yahoo!
> Messenger
> http://im.yahoo.com

__________________________________________________
Do You Yahoo!?
Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger
http://im.yahoo.com


We are in the midst of enhancing the Operations Pricing Model (fka
Transaction Costing Model) and as a result the following applies:

 - Do not need the hours surveys completed for July or August
 - Need the activity driver surveys completed for July and August

Attached is the activity driver survey for the month of July.   Please fill
out the attached activity driver survey with July numbers for your RC and
return to Shari Mao by end of day Friday, August 11.

During the enhancment period (July and August) we will be standardizing and
consolidating activities across all commodities and operational functions.
This will result in a shorter survey and easier time assignment to activities
for your teams.  The shorter and easier surveying process will begin with the
September survey.

Please call either me or Shari Mao at 39641 or 33859, respectively for any
clarification.  Thanks for your patience and help,

James Scribner


I made a mad dash to get this revised.  I can't promise that I incorporated
everything we discussed, but I figured I needed to get it to you now.


FYI------Guadalupe had a plant go down today 2/27, and therefore had to get
some gas off Oasis, so they took all 40.0 from AEC back into the Aquila
Header, so I moved the deals to reflect this on WGR (Aquila Header ).
Guadalupe deals:  594527 & 578932.

They said there is a chance they will have to do it again tomorrow.

Let me know if you have any questions.

Mark


Jeff:
Anything ever happen with Pedron?
John


Having problems reading this message?  To change your account to receive the
traditional text newsletter in the future, go to
http://www.chron.com/mail/nph-unity.mpl?id=-1642951136&html=no.

 Home Page

 ??New feature! Go to

??for your
?? personal start page

News
Local
Sports
Business
Columnists
Editorials
Features
Entertainment
Comics
Horoscope
Weather
Archives

[IMAGE]

Subscribe to the print Houston Chronicle

SubscribersADVANTAGE

To contact us:
E-mail:
? hci@chron.com
Office phone:
? 713-220-2700
Address:
? 801 Texas Ave.
? Houston, Texas
? 77002

		Dec. 11, 2000 Volume 5.50

		Letter from the editor

		We're always tinkering with one area of the site or another trying to make it
better.

		This week, we've made some rather significant changes to the Deaths page on
the site. And we're working on several more.

		For starters, we've combined the pages with the news articles and the local
death notices from the Classifieds section into a single page. This way, you
get to all of the daily information we have all at once.

		In addition to the obituaries and death notices, we've added links to
additional resources both for genealogical purposes and for those needing to
make plans for a funeral. We'll add more links in this area as they become
available. For instance, there's a link for an online search of birth and
death records for Harris County now -- but not for the City of Houston or for
the State of Texas. Those latter two governmental units don't provide online
searches of their records yet. When they do, we'll add the links. And, yes,
we are working to include Mic Barnette's Saturday column on genealogy from
the newspaper.

		The page still has a search box for the local death notices (and other
funerary categories) from the Classifieds section, but we don't think you
will need it very often. We are listing all of the local notices being
published each day on the page now, and we've included links on the left side
navigation of the page for notices from the entire week just passed.

		There's still a lot of hand work and construction going on here; so please be
patient with us. We don't have a real search engine in this area yet; so we
are going to try to rearrange the file by hand each morning so the notices
are listed in alphabetical order. (Occasionally, other tasks will push this
work back and it will not happen as early as either of us would like, which
is why we also are working on a routine to make the computers do this job.)

		Another ongoing programming task for this page is to develop a true archives
database and search for the local notices we have saved by hand online going
back to October of 1997. However, until this task is completed, you can
search for past notices through a two-step precess. We have a surname index
for all of the death notices in the Chronicle's archives system; so you can
use the archives gateway to determine whether or not a notice was published
for a particular individual and when. Once knowing the date the notice was
published, you can see if we saved it online by using a special URL --

		http://www.HoustonChronicle.com/content/chronicle/deaths/YY/MM/DD/deaths.html

		where "YY" is a two-digit year (like 97, 99, 00, etc.), "MM" is a two-digit
month (like 01, 07, 11, etc.) and "DD" is a two-digit date (like 01, 09, 18,
23, etc.). We know this is cumbersome, which is why we are working on a
better way of doing it, but this will work to get to the past notices we do
have until then.

		Thanks for visiting, and please party carefully so we don't find your name on
the new Deaths page this season.

		Mike Read
		Editor "Pro-Tem," HoustonChronicle.com News
		mike@chron.com

		What's New at HoustonChronicle.com

		Shopping Online
		It only seems that shopping is the reason for the season at this time of
year.

		We try to a measure of balance on both our Holidays and Religion pages, but
this is the major shopping period of every year.

		But we would be remiss if we didn't try to do our part to help keep the
economy moving along; so we would like to take this opportunity to point out
the Chronicle e-shops area of the site in case you haven't looked it over
before.

		Chronicle e-shops is a partnership with Point & Shop on Houston
Chronicle.com. It's an online shopping area offering merchandise from
businesses throughout the country, quickly and reliably available for
delivery before Christmas right from the convenience of your Web browser.

		Election Without End
		Yes, another week is gone and the Florida vote that will determine who the
next president will be still is up in the air. Right now, we're all waiting
on a U.S. Supreme Court hearing scheduled for Monday on whether or not to
allow a recount ordered by the Florida Supreme Court.

		So far the George W. Bush organization has been successful in fighting off
vote recounts that might show that Al Gore won the Florida vote, and time may
now be the Bush campaign's strongest argument. With each passing day, the
time required for a manual recount gets squeezed tighter and tighter. Also,
the Florida Legislature will be meeting this week to consider naming its own
slate of delegates, which inevitably would be pledged to Bush since the
Florida Legislature is overwhelmingly controlled by Republicans.

		If Bush gets the Florida electors, he will win the presidency by two votes --
271-269 -- in the Electoral College.

		We're as confused as anybody, but we'll keep posting the latest developments
on the Election & Politics page.

		High School Football
		And you thought the election was endless...

		Katy will be playing in the 5A Division II semifinals next Saturday in
College Station as the only Houston-area team still working on a state title.
But both Bay City and LaGrange have some Houston following, along with teams
from West Orange-Stark and even Corpus Christi and San Antonio.

		And we'll keep following along on the High School Sports page in the Sports
section of the site until the very last down is played.

		More news summaries
		Get the daily news delivered right to your e-mail box -- free! Already,
you've been able to get daily summaries of the Houston Chronicle Page One and
Metrpolitan stories.  Now we've expanded these offerings to include Business
and Sports.   To sign up,  go to http://www.chron.com/mail/manage.html or
click on the "E-mail products" link on the left-side navigation of the
HoustonChronicle.com home page.  Provide your e-mail address, then check the
appropriate boxes to receive the reports you wish to have delivered to your
inbox. You can also sign up by going to Sports or Business.

				Classifieds
				Cars
				Homes
				Jobs
				Weddings
				Deaths

				Directory Center
				Maps,
				Directions,
				Find a person

				Check out the possibilities at Chronicle e-shops! It's the perfect place to
find easy, online buys and shopping opportunities.

				To cancel your subscription to the newsletter:
				HoustonChronicle.com News is never sent unsolicited, but you can use the
following link to be automatically removed from the newsletter mailing list
if you desire.

				Readers can also manage their mailing list subscriptions here.

				Community notices:
				Nonprofit and volunteer organizations may e-mail public service
announcements  to Gwen Lewis.
				Messages written in all-capital letters will not be accepted.
HoustonChronicle.com reserves the right to edit any notices.


----- Forwarded by Tana Jones/HOU/ECT on 05/16/2001 04:33 PM -----

	Tom Moran/ENRON@enronXgate
	05/16/2001 04:32 PM

		 To: Karen Lambert/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Samuel
Schott/ENRON@enronXgate, Mark A Taylor/EFS/EES@EES, Brant
Reves/ENRON@enronXgate, Debbie R Brackett/ENRON@enronXgate, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate, Cynthia
Clark/ENRON@enronXgate, Enron Europe Global CounterParty/LON/ECT@ECT,
Stephanie Sever/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Claudia
Clark/ENRON@enronXgate, William S Bradford/ENRON@enronXgate, Lisa
Lees/ENRON@enronXgate, Juana Fayett/Corp/Enron@Enron, Jana
Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya
Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/ENRON@enronXgate,
Tanya Rohauer/ENRON@enronXgate, Kelly Lombardi/ENRON@enronXgate, Brian
Lindsay/Enron Communications@Enron Communications, EOL Call Center@ECT, Bill
D Hare/ENRON@enronXgate, Amy Heffernan/Enron Communications@Enron
Communications, Molly LaFuze/Enron Communications@Enron Communications, Danny
Clark/Enron Communications@Enron Communications, Stephanie
Panus/NA/Enron@Enron, Teresa Mandola/ENRON@enronXgate, Bill
Kyle/ENRON@enronXgate, Amber Ebow/ENRON@enronXgate, Wendi
Lebrocq/ENRON@enronXgate
		 cc:
		 Subject: EOL Approvals: 05-16-01

Please see attached

Regards,
Tom Moran
3-3017


Hey guys.  I was in surgery Friday, everything went OK.  I'm only here 1/2
day today and it's pretty much caos today because the whole gas department
changed floors over the weekend.  Let me know if there are any issues we need
to address right away.

Charlie, I would like to talk about the daily pricing if you get a chance.

Thanks.


If you are interested in attending this training I encourage you to do so.
Please let me know i fyou would like to attend before the training class is
held.

Thanks,
Hollis
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 04/23/2002
01:08 PM ---------------------------

Ronald Brzezinski on 04/23/2002 09:43:42 AM
To: Alaadin Suliman/EWC/Enron@Enron, Paul Landers/EWC/Enron@Enron, Orion
Sanders/EWC/Enron@ENRON, Stan Ballard/EWC/Enron@ENRON, Kim
Nguyen/EWC/Enron@Enron, Stanley Tehee/EWC/Enron@Enron, Norm
Phillips/EWC/Enron@ENRON
cc: Jeff Marecic/EWC/Enron@Enron, Hollis Kimbrough/EWC/Enron@ENRON, Jeff
Maurer/EWC/Enron@ENRON, Dave Schulgen/EWC/Enron@ENRON, Mike
Messier/EWC/Enron@ENRON, Joe Chapman/EWC/Enron@ENRON, Kevin
Cousineau/EWC/Enron@ENRON, Ed Agner/EWC/Enron@Enron

Subject: SCADA Network Training session April 30

The Training group and SCADA group have compiled a very thorough SCADA
Network training program.
Marc Adler and Ed Agner will be giving a "trial training" Tuesday, April 30,
South bldg main conference room 8am - 2pm PDT.
Please plan on attending.
This session will provide the attendee with useful SCADA Network information,
as well as refining the Training presentation for site presentation.

Note to cc: distribution.
Please send personnel you feel would benefit from this training.
Let Ed know so he can plan for the number of attendees.

Thank you.

Ron

---------------------- Forwarded by Ronald Brzezinski/EWC/Enron on 04/23/2002
09:37 AM ---------------------------

Ed Agner
04/23/2002 08:53 AM
To: Ronald Brzezinski/EWC/Enron@ENRON
cc: Marc Adler/EWC/Enron@Enron, Kim Carter/EWC/Enron@Enron

Subject: SCADA Training

Ron,

The SCADA training practice session will be conducted next Tuesday morning in
the south building main conference room from 8:00 - 2:00. Please invite
anyone that can give constructive criticism.

Thanks,
Ed


Thanks for using Acteva for your recent order!  This message
contains a summary of your online transaction completed on September 21, 2000.
Please keep this as your order confirmation.

What: THE 3RD ANNUAL LEADING EDGE CONFERENCE

Qty: 1 ticket for "Saturday Session" at $50.00 each
For: Jeffrey Dasovich

Total Purchase Amount: $50.00
Date Of Event:  Sep 22, 2000  to Sep 23 2000
Time:  5:00 PM  to 7:00 PM
Location:  Haas School of Business, University of California, Berkeley,
Berkeley, CA, 94720

Directions: http://www.theleadingedge.org/angel/getting_here.htm

Reservation Reminder:

Transaction Number: 100241
Order Number:  8379RLOJ2000921142056
Credit Card Confirmation Code: 074859
Card Used: VISA
(Acteva will appear on your credit card statement).

Leading Edge 2000 - Haas School of Business Purchase/Refund Policy: Please
contact the Event Organizer for refund policy.

Acteva's Purchase/refund policy: Refunds and cancellations are provided
only at the discretion of the organization hosting or sponsoring this
event. Acteva, Inc. issues credits only when directed to do so by the
sponsoring organization. Contact the sponsoring organization for further
details.

Although the event organizer sets the basic refund policy, in the event
of cancellation, Acteva works closely with the organizer to assure you
of an appropriate credit, exchange, or refund.

Organizer Contact Information:
Leading Edge 2000 - Haas School of Business
Haas School of Business #1900, Attn: Darin Boyd
Berkeley, CA, 94720

Return to the event listing:
http://www.acteva.com/booking.cfm?binid=1&bevaid=8379

If you have any questions regarding your order, contact Acteva's
Customer Service Department at service@acteva.com or call them toll
free at (877) 855-8646. Please refer to the transaction number above.

From time to time you may receive emails from Leading Edge 2000 - Haas School
of Business. If you do not
wish to receive these emails, send a message to removeme@acteva.com, and
we will remove you from the list.

OTHER HELPFUL LINKS:

To find more activities, search from our homepage at
 http://www.acteva.com

To list your own activities on Acteva, set up an account at
 http://www.acteva.com/evax

Online Payment and Registration brought to you by Acteva, Inc.

http://www.acteva.com          info@acteva.com
(877) 849-8646                 (415)401-2200


Bruce:
I apologize for leaving you off the list.  Here is the info for the call.
Look forward to working with you and the group on this.  Leslie Hansen has
been working on the form of Confirmation and the GTC that we will use and we
may send that to you and the others tomorrow.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 06/01/2000 05:02 PM -----

	Suzanne Adams
	06/01/2000 02:44 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Bill.Windle@enron.com, Elizabeth Sager/HOU/ECT@ECT, Gaurav
Babbar/HOU/ECT@ECT, jmcgreev@llgm.com, Leslie Hansen/HOU/ECT@ECT,
savitabi@llgm.com, sbehrend@llgm.com
		 Subject: Re: Monday's Conference Call

The conference call has been scheduled for Monday, June 5th, starting at 1:00
p.m. CT.  The dial in number is 1-800-982-5963, the host code (CSC) is
319422, and the participant code is 497861.  I have reserved EB38C2 for the
Houston people.  Let me know if you need anything else.  Suz

	Carol St Clair
	06/01/2000 02:04 PM

		 To: Gaurav Babbar/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, savitabi@llgm.com,
jmcgreev@llgm.com, sbehrend@llgm.com, Bill.Windle@enron.com, Elizabeth
Sager/HOU/ECT@ECT
		 cc: Suzanne Adams/HOU/ECT@ECT
		 Subject: Monday's Conference Call

There will be a conference call on Monday June 5th starting at 1:00 (Houston)
time to discuss comments to the draft insurance policy that we expect to
receive from ACE tomorrow.  My assistant, Suzanne Adams (713-853-3989) will
notify the Enron people of the conference room and will notify the LeBeouf
people of the call-in number.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)

Suzanne:
Please reserve a conference room from 1-4 for myself, Gaurav, Leslie,
Elizabeth and Bill and please set up a conference call in number and e-mail
that information to Scott, John and Sam.

Thanks.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/13/00
Transaction Summary
External Transactions Today	3,797
Average Daily External Transactions (30 day Trailing Avg)	3,280
Total Life to Date Transactions	431,065

EnronOnline Daily % of Entity's Total Transactions for 11/13/00	Trans	Percent
Enron North America	3,273	75%
Enron Europe Limited	172	33%
Global Products	106	28%
Enron Metals	246	9%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	48%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,594,004,524
MTD	24,577,158,140
LTD	238,008,842,818
Average Daily Notional Value (30 Day Trailing Avg)	2,247,564,889

Notional Revenue from Physical Flows to Date	16,442,818,994

Counterparties, Users, and Products Offered
Counterparties having transacted to date	558
New Counterparties transacting for the first time today	1
Number of Products Offered Today	1,223
Total Number of External Users Logged on Today	2,732
Average # of External Users logged on (30 day Trailing Avg)	2,714


Jerry see the attached.   Ercot has your direct line (cell) for down balancing today.    We are evacuating.

My cell number is 713-412-7529

Call  me if you need anything.

Thanks!


Notice to Members No. 01-194
June 7, 2001

CORRECTS AND SUPPLEMENTS PREVIOUS NOTICE TO MEMBERS NO. 01-191

All amended rules can be found on the New York Mercantile Exchange, Inc.
website @ http://www.nymex.com/refernce/notices/2001/ntm_191r.htm.

To:
All NYMEX Division Members
All NYMEX Division Clearing Members
All NYMEX Division Member Firms

From:
Neal Wolkoff, Executive Vice President

Re:
-- Amendments to NYMEX Division Position Limit and Reporting Rules
-- Amendments to Large Trader Reporting Requirements for Light Sweet
        Crude Oil and the Addition of Brent Crude Oil

The Board of Directors of the New York Mercantile Exchange, Inc. has approved
various amendments to NYMEX Division Chapter 9 rules which, in general, move
away from hard position limits "in any one month and all months combined" to
position accountability standards. These amendments shall be effective as of
the open of trading on Friday, June 15, 2001.

The amendments to any one month, all months combined and option quadrants
limits as cited in Rule 9.26, position accountability will provide for the
ability for any participant to exceed the prescribed levels. (As a note: the
levels advocated for any one month and all months combined are the levels
currently in place for all months combined under the existing rule structure.
The currently defined any one month limits, which are lower than the all
months limits, are being deleted. Additionally, the gross side of market
rules are deleted.) Any market participant exceeding the defined position
accountability levels will be subject to being contacted by the Exchange when
the Exchange deems it necessary, and will be required to supply relevant
information as to its position and the status of its account. If the
participant refuses to do so, or if the Exchange believes the position, by
its size, is a threat to the orderly operation of the market, a market
participant can be direct!
ed!
 either to not increase or to decrease its position.

The existing current delivery month on expiration limits as defined in
existing Rule 9.27 will be unchanged and subject to hedge/swap exemptions as
they are today. The only caveat to this is that certain cash-settled enymexsm
contracts will operate with some level of position accountability in the
current delivery month.

Further, the large trader reporting levels cited in Rule 9.34 for Light Sweet
Crude Oil futures has been amended from 300 to 350 contracts to coincide with
existing CFTC standards. The soon to be traded Brent Crude Oil futures'
reporting level has been added at the same level of 350 contracts.

Lastly, the any one month/all months position accountability level for the
Brent Crude Oil contract of 20,000 has been added.

All amended rules can be found on the New York Mercantile Exchange, Inc.
website @ http://www.nymex.com/refernce/notices/2001/ntm_191r.htm.

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

"http://208.206.41.61/email/email_log.cfm?useremail=mark.taylor@enron.com&refd
oc=(01-194)"

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.


Sara, here are my draft comments.  Do you have time to look at them for me?

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/


After a great deal of work the Canadian team has renewed our outsourcing arrangement with PetroCanada for another 5 years.  This was a great accomplishment for Enron Canada.  The Logistics, Accounting and Commercial execution over the last 3 and 1/2 years played a key role in extending this deal.

John
 -----Original Message-----
From: 	Milnthorp, Rob
Sent:	Tuesday, March 27, 2001 11:21 AM
To:	Lavorato, John
Subject:	RE: Extension of Petro-Canada Wholesale Gas Services Arrangement for 5 more years

John, as per our telecon, please see the attached for details. Let me know if you require something further.

---------------------- Forwarded by Rob Milnthorp/CAL/ECT on 02/23/2001 05:11 PM ---------------------------
From:	Eric LeDain on 02/23/2001 09:11 AM
To:	Rob Milnthorp/CAL/ECT@ECT
cc:
Subject:	Extension of Petro-Canada Wholesale Gas Services Arrangement for 5 more years

On Wednesday the President of Petro-Canada approved the extension of our Wholesale Gas Services Agreement after the first term expires November 1, 2002, for an incremental 5 years.  This has taken me a a while to get closed (and while doing so we have had to keep up a consistently high level of service), but keep in mind it's not easy to renew something half way through the first term.

This extension is very significant for the following reasons:
1. It creates a MTM income of $2.9 MM CDN, net of directly attributable costs to provide the back-office services;
2. It supports further deal flow and potential incentive arrangement income (along with all the production information etc.);
3. Of even greater importance it provides a very critical and frequently used marketing tool as we continue to build our gas and power businesses across Canada.  As you know, we have used the Petro-Canada arrangement as an example of the services we can provide, not only when marketing in Canada but also in the US and Europe.  Now we can tell potential customers that we not only have provided services to this customer for 3 years, but they've liked it so much they've already extended the agreement for five more years after the first term - the message has to be that we are providing a good quality of service.

Obviously this is a great credit to our Commercial staff and the Operations, Accounting and IT staff that work with Petro-Canada.   I will separately advise each of the individuals who works on this account about the renewal and congratulate them.  It takes alot of effort to "enchant" the customer day after day, year after year.  In fact it's incredibly difficult to be effectively on trial day in and day out as a service provider.

The numbers:
Under the extension, we have provided Petro-Canada with a rebate applied to the remaining term of the agreement from our original base fee.
Original base fee is $1.75 MM CDN per year, payable monthly.

Rebate offered:
Jan/01 - Nov/01				($458,300) CDN
Nov/01 - Nov/02			($517,000) CDN
Fee charged for extension term:
Nov/02 - Nov/03			$1,366,000 CDN
Nov/03 - Nov/04			$1,400,000 CDN
Nov/04 - Nov/05			$1,435,000 CDN
Nov/05 - Nov/06			$1,470,000 CDN
Nov/06 - Nov/07			$1,510,000 CDN

We have thoroughly defined our back-office costs required to provide these services at $428,700 CDN/yr (2000$), and have 3 years of operating history to support this as a projection (with escalation at 2% per year) for the second five year term.  These costs include back-office staff allocations (salaries and benefits), and rent/infrastructure allocation.  We have checked on the allocation of Houston costs, and on a per transaction basis these are insignificant compared to our base business transaction levels.  We do not include commercial staff costs in the above as they are covered by the incentive arrangement and ongoing transaction deal flow.
In discussions with Wes, this definition of the costs and certainty about the arrangement scope, will allow us to MTM this income.  The MTM income of $2.9 MM CDN includes the rebate offered for the last two years of the current term, and has been reduced by the above annual costs.

Notes:
1.  We have not defined the incentive fee for the second five year period yet as we are doing some work at the moment with PCOG on what our benchmark should be, given that much of the intermediate Producers in the group of 40 have disappeared.  We will revise the agreement to reflect the fact that there will be a further revision once the incentive fee is agreed to.
2. If Petro-Canada's sales volumes fall to 60% of last years levels, there will be a price reopener for the remaining term because we have defined the fee as an absolute cost rather than per unit rate.  We also have a reopener on price if the volumes grow to about 140% of today's levels.  Petro-Canada has a growth strategy for gas so this is not at all expected.  Volumes over the last 6 months have increased by about 7-8% year on year.
3. Peter and I should have the amended agreement out next week.


Ann & Darla,

I am attaching a spreadsheet that details what should be booked and billed to Citizens under the NEW gas daily call option/transport deal to serve the Griffith plant.  It is somewhat complicated but don't be scared - I will help both of you understand what needs to be done.  Hopefully, we can set up a procedure whereby this deal can be taken care of each month.

I think we should set up a meeting to discuss.  Let me know when you guys are available - hopefully sometime monday.

Thanks,

Kim


Christian,
 Please forward the contracts to me.  My address is P. O. Box 1188, Houston,
Texas 77251-1188.  My physical address is Suite 3878, 1400 Smith Street,
Houston, Texas 77002.

	"Pfister, Christian W." <CWPfister@cps-satx.com>
	01/30/2001 09:08 AM

		 To: "'Dan.J.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		 cc:
		 Subject: RE: Enfolio Contract with CPS

Is Janet Wallis' address P. O. Box 4428, Houston, TX 77210-4428?  Could you
also provide her physical address in the event we send the agreements by
courier?  Thanks!

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, January 12, 2001 9:47 AM
To: CWPfister@cps-satx.com
Subject: Enfolio Contract with CPS

Christian,
     I spoke with Janet Wallis this morning and she said she was fine with
the redlined changes.  Accordingly, please print 2 originals of the
contract, have it signed and forward both signed contracts to Janet Wallis
for ENA's signature.
----- Forwarded by Dan J Hyvl/HOU/ECT on 01/12/2001 09:45 AM -----

                    Dan J Hyvl

                                         To:     "Pfister, Christian W."

                    01/09/2001           <CWPfister@cps-satx.com>@ENRON

                    11:11 AM             cc:     Janet H Wallis/HOU/ECT@ECT,
James I
                                         Ducote/HOU/ECT@ECT

                                         Subject:     Enfolio Contract with
CPS(Document
                                         link: Dan J Hyvl)

Christian,
     The below documents has been modified in the manner that you
suggested.  Please make sure that the Purchase Order Number is communicated
to all parties in writing prior to the end of the month if it is to be
used.  The red line should reflect  the changes that you have  been
requesting.  By copy I am requesting Janet Wallis to review the suggested
changes and to communicate directly with you if she approves such changes.
If she notifies you that the changes are okay, then you may print 2
originals of the clean document and have it signed by CPS and forward to
Janet for signature by ENA.  Do not hesitate to call if you have any
questions.   My phone number is (713) 853-6895.

(See attached file: 2001-001ctr.doc)(See attached file: CPS red line 2.doc)


With respect to your email below,  I am already working with Bob Bowen on
assigning the various Aquila trades.

On Amoco, I will need to get a list similar to the one Bob prepared for me
for Aquila, showing the exact trades being assigned, deal no., whether they
are physical or financial, trade date, start date , end date, etc.  If you
get with Bob he can show you what he prepared for me for Aquila.  Once I get
that I can prepare the assignment.  I will also need the name and phone
number for the Amoco person I should be sending this assignment to.  I don't
know who will have that, the Confirm Desk, Settlements, or EOL?  Once I get
all this I can prepare that assignment.
---------------------- Forwarded by Tana Jones/HOU/ECT on 01/06/2000 02:54 PM
---------------------------

Susan Flynn
01/06/2000 02:51 PM
To: Tana Jones/HOU/ECT@ECT
cc: Larry Joe Hunter/HOU/ECT@ECT
Subject: Amoco Energy Trading Corporation (GDP Deals)

 Tana - can you respond to this?   Thank you!

---------------------- Forwarded by Susan Flynn/HOU/ECT on 01/06/2000 02:50
PM ---------------------------

	From:  Larry Joe Hunter                           01/06/2000 02:01 PM

To: Susan Flynn/HOU/ECT@ECT
cc:
Subject: Amoco Energy Trading Corporation (GDP Deals)

Susan,

We have several EOL deals (Amoco Energy, Aquila Energy) in which the
Counterparty's Trader has done Financial deals through their entity that
usually only does Physical deals.  Mark Taylor and others had decided that we
couldn't simply agree to change the name of the Counterparty but would need
to Assign such Transactions to the correct entity (BP Amoco, Aquila Risk
Mgt).  Do you know if someone in Legal is involved with assigning these or
can we draft something down here?

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 01/06/2000
01:57 PM ---------------------------

Cynthia Gin
01/06/2000 01:20 PM
To: Larry Joe Hunter/HOU/ECT@ECT
cc:
Subject: Amoco Energy Trading Corporation (GDP Deals)

Just FYI... several deals came across on my invoice for Amoco Energy Trading
Corporation, but should be BP Amoco Corporation (BA 03400).
The deal numbers as follows:

N54185.1
N54970.1
N54977.1
N55023.1
N56595.1
N57893.1
N59629.1

I changed the invoice to reflect BP Amoco Corporation and wanted to notify
you of the change.  If you have any questions regarding the above,
please call me at x3-7598.

Thanks!

Cynthia Gin
Financial Settlements


Stan -

Attached is the PGE position report as of June 4, 2001.  Tab 1 (Report) shows
the regular position report.  Per your request, Tab 2 (Position Details) shows
the details of load, generation, and net purchases.  Please let me know if the
Position Details is something you would like to see on a weekly basis.

Please let me know if you have any questions.

Scott Gardner
Portland General Electric
Risk Management, Reporting & Controls  -- 3WTCBR06
(503) 464-7762


mark, please check pricing on these two. Also, did y'all create other tickets
for these sales on TCO??? Thanks

Joan_Veselack@enron.com on 01/15/2000 12:04:15 PM
To: Chris Germany/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT
cc: Robert Allwein/HOU/ECT@ECT
Subject: Agency Deals - buying CES supply

I created these deal tickets to account for the term sells as follows:

145328         Allied Signal for 3405/day from TCO pool
149785         International Paper (Union Camp) for 7158/day from TCO pool

The counterparty names says CES-Columbia-Retail, because there was no
CES-Allied Signal nor CES-International Paper. Not sure if this matters for
Enron's system. Also, the pricing and ending term date needs to be
verified.

Thanks.


All,

Attached, for your information,  is a 2 page financial and statistical fact sheet for EGM (as a consolidated unit and for each business unit).  I obviously would have liked our gross margin and EBIT to be a lot larger but all the other facts show enormous growth and progress.   I wanted to at least get it into your hands in case you needed a quick reference.

Thanks,
Mike


---------------------- Forwarded by Edith Cross/HOU/ECT on 02/27/2001 09:15
AM ---------------------------

	Enron North America Corp.

	From:  Edith Cross                           02/22/2001 10:12 AM

To: Mark Breese/HOU/ECT@ECT
cc:
Subject: Gas Transport Issues for OPC

Here you go...
---------------------- Forwarded by Edith Cross/HOU/ECT on 02/22/2001 10:11
AM ---------------------------

	Enron North America Corp.

	From:  Edith Cross                           01/26/2001 03:12 PM

To: Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT
cc:
Subject: Gas Transport Issues for OPC

I wanted to quickly write up the conversations I have had today and yesterday
with John Hodge (Gas Upstream Origination - I think this is the name of the
group) related to gas transport issues for Georgia.  As I said yesterday,
Transco Zone 4 is at the Mississippi/Alabama border, and is not a delivered
price to Georgia.  The only Inside FERC SONAT index is in Louisiana.  Each of
these points are supply basins, and not delivered Indices.  Hence the need to
pay transport costs to the delivery area.  Below I have detailed the issues
on each of these pipes.

Transco Zone 4

Currently, Enron is working on a project with Transco to expand the pipeline
in Zone 4 (Project Momentum).  This project is related to development sites
at Athens and Hartwell.  John said he thought that Athens and Hartwell were
each a 500 MW combined cycle facility.  The negotiated rate for capacity on
this expansion is ABOVE max rate for Transco Zone 4.  The current max rate
for intra-zone transport is $0.21 for demand and variable costs
(approximately $0.03 is variable).  The negotiated rates for this expansion
is $0.24 for Athens and $0.27 for Hartwell.  Rememeber that the demand prices
must be paid year round for the maximum capacity needed, regardless of the
actual usage.  These prices do not include the cost of fuel.  If we were to
purchase transport from Onshore Louisiana to each of these delivery points,
you can expect to add another $0.05 to the above prices.  Transco has
informed us that if we do not continue with this project, there are plenty of
people waiting to buy capacity on this expansion, and that they are already
planning another expansion after this.

Sonat Zone 3

Skygen (Calpine) is working with SONAT to expand their capacity (approx.
120,000/mmbtu/day) for a development in Augusta.  SONAT has said that they
should be able to expand this at current max rate prices.  The current max
rate is $0.55, which is $0.16 variable, and $0.39 demand.  This expansion is
from an offshore pipe through Destin pipeline to connect with SONAT.
Recently, SONAT has sold their capacity at prices lower than max rate in
order compete with Transco.

Elba Island

Theoretically, SONAT should offer Intrazonal transport from Elba Island at a
discount to max rate.  However, I think SONAT (El Paso) is still trying to
figure out what to do since we now have access to this facility. Currently,
SONAT does not want discount the transport cost.  We are waiting to see what
price SONAT charges El Paso to transport their gas from Elba Island.  So far,
they haven't reached an agreement (that we know of), but we are hoping that
SONAT will offer this at a discount to El Paso, and then we will 'force' them
to give us the same rate.  John thinks that they will charge max rate for the
transport, but embed some sort of discount into the gas price to try to get
around offering Enron a discounted rate.

I hope this helps!

Edith


Pretty funny!  I went over to harass him, but he must be on vacation!

	Marie Heard@ENRON COMMUNICATIONS
	10/03/2000 03:32 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Mark Elliott/LON/ECT is out of the office.

See Mark's e-mail below.  Wow, this is what I call vacation time!  I'm going
to work in the London office.

Marie Heard
Senior Legal Specialist
Enron Broadband Services
Phone:  (713) 853-3907
Fax:  (713) 646-8537
Marie_Heard@Enron.net
----- Forwarded by Marie Heard/Enron Communications on 10/03/00 03:33 PM -----

	Mark Elliott@ECT
	10/03/00 03:20 PM

		 To: Marie Heard/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc:
		 Subject: Mark Elliott/LON/ECT is out of the office.

I will be out of the office from 02/10/2000 until 09/10/2000.

In my absence, please contact my PA, Nicola Beales, if you require further
assistance.


Can you forward this information along to Kimberly in the Confirms group?
Thanks so much.

Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/01/2001 03:03 PM
---------------------------

Kimberly Hundl@ENRON
03/01/2001 02:36 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Need Contact Info...

Hi Kate,
Can you please give me a contact info for Dennis St. Jean, or whoever I'm
supposed to contact, at Tosco Refining Company (Deal #533134)?
Thanks!
Kim


Start Date: 4/17/01; HourAhead hour: 14;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041714.txt


-----Original Message-----
From: 	Vickers, Frank
Sent:	Thursday, January 10, 2002 1:24 PM
To:	Mckay, Jonathan
Subject:	FW: Draft Gas Firm EOL GTC No Credit
Importance:	High

 -----Original Message-----
From: 	Cook, Mary
Sent:	Thursday, January 10, 2002 1:07 PM
To:	Hodge, Jeffrey T.; Van Hooser, Steve; Vickers, Frank; Bradford, William S.; St. Clair, Carol
Subject:	Draft Gas Firm EOL GTC No Credit
Importance:	High

See attached for your review and comment to me by end of day (or sooner if possible).  Soon to follow, firm eol with credit.  And the same two firms for over the counter, not eol.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


---------------------- Forwarded by Stacey W White/HOU/ECT on 10/06/2000
09:26 AM ---------------------------

Clara Carrington
10/05/2000 04:31 PM
To: Stacey W White/HOU/ECT@ECT
cc:
Subject: Estimate Power Cashflows

---------------------- Forwarded by Clara Carrington/HOU/ECT on 10/05/2000
04:30 PM ---------------------------

Kathy Reeves
10/03/2000 02:58 PM
To: Clara Carrington/HOU/ECT@ECT
cc:
Subject: Estimate Power Cashflows

Note:  Our power curve is a critical component of the cashflows and this has
not yes been finalized.


The Beeson class certification hearing and the hearing on the parties'
motions for Summary Jugdment  have been rescheduled to August 8--10.


I will be out of the office from 04/05/2000 until 04/11/2000.

I will respond to your message when I return. If it is urgent, please call
703/561-6469 and Charlie Dalphon can assist you.


TASK ASSIGNMENT

Status:		completed

Task Priority:		2
Task Due On:		1/8/2001
Task Start Date:


Kay
Heather wanted me to send this to you asap.

 <<ENRONPurchaseContract.doc>>

Jerry Leitman
jleitman@fce.com

 - ENRONPurchaseContract.doc


For anybody that doesnt know, Maggi resigned today to go to El Paso.  I will be sending out an email with a broader distribution this afternoon.  Please keep this quiet until then.  Plan to meet at 4:30 today to discuss the ongoing structure of the desk.


Attached is a new journal voucher in excel format, which will allow MSR's to electronically file their JV's on the network.  Dan Fancler's group has approved the new JV for immediate use.  Let me know if you have any questions or problems with the new JV. Thanks.

Randy Bryan
Market Services Representative
Northern Natural Gas Company
(713) 853-0438


Please give me a sign off if this is OK.  Thanks DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/22/99 03:24
PM ---------------------------

Christine Stokes
12/22/99 08:33 AM
To: Steven Harris/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON
cc:

Subject: Transwestern Contract Approval Request

TRANSWESTERN CONTRACT APPROVAL REQUEST

Please review the provided non-standard discount letter for Duke Energy
Trading & Marketing.   Duke's 18,000 Dth/d Ignacio to Blanco contract has a
one year term and a seasonal based 1-part rate structure.  Transportation on
an alternate basis is provided for on a south to north flow direction at an
incremental $.01 charge based upon actual utilization of the described path.

Please provide an indication of approval via REPLY WITH HISTORY.  If any
questions arise, please contact me at x35702.


EnronOnline
Trade Counts and Volume for June 1, 2001

			EXTERNAL		INTERNAL		TOTAL
COUNTRY	COMMODITY	CATEGORY	COUNT	QTY	COUNT	QTY	COUNT	QTY	UNIT OF MEASURE
Austria	Power	Physical	        10 	             8,307 	        -   	                   -   	        10 	             8,307 	MWh
Belgium	Natural Gas	Physical	        18 	      1,632,500 	        -   	                   -   	        18 	      1,632,500 	MMBtu
Canada	Natural Gas	Financial	        16 	    11,749,000 	        23 	      9,408,250 	        39 	    21,157,250 	MMBtu
Canada	Natural Gas	Physical	      321 	    17,467,325 	          1 	         147,250 	      322 	    17,614,575 	MMBtu
Canada	Power	Financial	          8 	           16,920 	        -   	                   -   	          8 	           16,920 	MWh (Canada)
France	Power	Physical	          2 	                496 	        -   	                   -   	          2 	                496 	MWh
Germany	Power	Physical	        63 	         364,763 	        -   	                   -   	        63 	         364,763 	MWh
Netherlands	Metals	Physical	          1 	                500 	        -   	                   -   	          1 	                500 	European Alum mt Lot
Norway	Power	Financial	        15 	         187,560 	        -   	                   -   	        15 	         187,560 	MWh
Singapore	Oil Products	Financial	          1 	             5,000 	        -   	                   -   	          1 	             5,000 	mt
Switzerland	Power	Physical	        27 	             9,916 	        -   	                   -   	        27 	             9,916 	MWh
United Kingdom	Crude	Financial	          6 	         150,000 	          1 	           25,000 	          7 	         175,000 	IPE Barrels
United Kingdom	LPG	Financial	          2 	             4,000 	        -   	                   -   	          2 	             4,000 	mt
United Kingdom	Metals	Financial	      500 	           22,085 	        48 	             1,200 	      548 	           23,285 	LME Registered mt Lot
United Kingdom	Natural Gas	Physical NBP	        69 	    81,932,000 	          4 	         714,000 	        73 	    82,646,000 	therm
United Kingdom	Oil Products	Financial	          2 	           22,500 	        -   	                   -   	          2 	           22,500 	Crack bl/m
United Kingdom	Oil Products	Financial	        10 	           55,000 	        -   	                   -   	        10 	           55,000 	mt
United Kingdom	Power	Physical	        10 	         436,800 	        -   	                   -   	        10 	         436,800 	MWh
USA	Crude	Financial	      291 	    14,000,000 	      126 	      5,760,000 	      417 	    19,760,000 	Barrel
USA	Crude	Financial Option	          3 	         150,000 	          2 	           50,000 	          5 	         200,000 	Barrel
USA	Crude	Physical	          1 	           62,000 	        -   	                   -   	          1 	           62,000 	Barrel
USA	Emissions	Physical	          2 		        -   		          2 	                   -   	Emission allowance
USA	Gas Pipeline Capacity	Physical	          2 	           48,000 	        -   	                   -   	          2 	           48,000 	MMBtu
USA	Lumber	Physical	          1 	                    4 	        -   	                   -   	          1 	                    4 	Thousand Board Feet
USA	Natural Gas	Financial	      996 	  442,701,319 	      631 	  297,726,837 	   1,627 	  740,428,156 	MMBtu
USA	Natural Gas	Financial Option	          9 	      9,000,000 	        14 	    13,500,000 	        23 	    22,500,000 	MMBTU
USA	Natural Gas	Physical	   2,233 	    47,596,296 	        52 	      1,007,364 	   2,285 	    48,603,660 	MMBtu
USA	Oil Products	Financial	        17 	         780,000 	          4 	           75,000 	        21 	         855,000 	Barrel
USA	Paper	Physical	          1 	                140 	        -   	                   -   	          1 	                140 	Metric Tons (+/- 5%)
USA	Plastics	Financial	          2 	      6,000,000 	        -   	                   -   	          2 	      6,000,000 	Pound
USA	Power	Financial	        72 	         721,676 	          5 	           68,547 	        77 	         790,223 	MWh
USA	Power	Physical	      612 	    10,332,240 	        88 	      4,511,178 	      700 	    14,843,418 	MWh
USA	Rate and Currency	Financial	        -   	                   -   	          2 	      1,550,000 	          2 	      1,550,000 	EUR/1
USA	Rate and Currency	Financial	        -   	                   -   	          2 	      9,000,000 	          2 	      9,000,000 	FX USD
USA	Rate and Currency	Financial	        -   	                   -   	          1 	         300,000 	          1 	         300,000 	GBP/1
USA	Rate and Currency	Financial	        -   	                   -   	          1 	         600,000 	          1 	         600,000 	USD/1
USA	Weather	Financial	          7 	                  17 	        -   	                   -   	          7 	                  17 	Cooling Degree Day
 Total 			   5,330 		   1,005 		   6,335


Guys, I am getting the impression that we are having quality control issues -
it just sounds sloppy?  Am I wrong?  Do we need more focused resources?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/15/2000
08:56 AM ---------------------------

	From:  Clay Spears                           06/14/2000 05:42 PM

To: David W Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, Robert P Virgo/HOU/ECT@ECT
cc: Jim Homco/HOU/ECT@ECT
Subject: Doyle Undate

Unit 1 tripped today while running.  There is some kind of foreign object
loose in the unit.  It is unclear if the foreign object is in the compressor
section of the hot gas path section.  We will not know the cause or extent of
damage until the unit is boroscoped tomorrow.

Units 2 & 3:  Will be back in commercial operation tomorrow.  The team is
currently working on solutions to the demister.  No solution yet, but Unit 3
will return to commercial operation tomorrow.

Unit 4:  Emissions tuning continues.  The latest numbers are NOx 6 ppm, CO 50
ppm.

Unit 5:  To fire tomorrow and begin tuning.

Clay


May 29, 2001

Dear Ken:

It was great to see you in Denver.  The group of  leaders from the Western
Governors' Association and major businesses  were energized to take control
of their destiny, and your ideas contributed enormously.  I think that you
and I are very much on the same page regarding the President's Energy Report
and the opportunities that it presents.  In addition, Joe Romm and I have
worked  a bit with the Enron Energy Services team on some initial ways to
highlight and quantify the "green" aspects of the EES product.  You are well
positioned to prove what initiatives bring both business and
energy/environmental benefits.

Per our discussion, I have attached below a copy of a confidential
preliminary report on the potential for a "Cooler Houston" initiative.  The
scientific models relating to "urban heat island effects" indicate that
planting trees, lightening the color of roofs and resurfacing pavement with
lighter material can reduce ambient high temperatures in Houston and thus
potentially lead to ozone reductions far cheaper than the cost of the "last
mile" tons indicated in current SIP efforts.  Success requires developing
some technical agreement and common cause among U.S. EPA, TNRCC, the City of
Houston, and business and civic leaders in the City.  Bill White and the
leadership of the Greater Houston Partnership have been spearheading early
work on this.  Our team is working with U.S. EPA and TNRCC to see if they
can agree on the models.

 We would be very interested in your ideas on this.  Moreover, if the
technical people can agree in concept, we would value your support of an
achievable Cooler Houston plan going forward.  Naturally, the plan is
exciting because it offers economic, air quality and broader quality-of-life
benefits to the Houston community.  Ever since we developed the acid rain
trading program, I have enjoyed promoting such ideas!

Please let me know anything else that you need.  I hope to see you soon.  In
the meantime, best wishes to you and the family.

Sincerely,

Hank Habicht

 <<Houston.05-9-01.doc>>

 - Houston.05-9-01.doc


Happy New Year Dan!

Just checking to verify that you received the order form that I faxed to you
on December 18.  Please confirm.

Also, we brought a bottle of Freestone Hill to Pappas Steak House (on New
Year's Eve) for everyone to try.  The sommeliers raved.

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


This is a message from Jim Gramke, our very own Enron #1 fundraiser for the
MS150 tour.  Any of you interested in participating with him, might just pick
up some fundraising tips, or maybe some of his success will rub off - worth a
try!   Please respond to Jim at the address below.

Anyone in the club who is interested in having a fun day with kids, I'm
conducting a Bike Rodeo at the Oaks Elementary School in Atascocita, Friday,
March 10th. I need some volunteers to work in the AM, PM, or both, to run
about 750 kids through a skills course that  teaches safe riding habits.

Jim Gramke
jdgramke@aol.com