Lauri,

I've just completed this process (thanks to
Carlos).............................sorry it took soooooooooooooo long but
the next time should be a doozie.

Thanks Carlos

-Jackie-

Lauri A Allen
03/21/2000 11:19 AM
To: Carlos J Rodriguez/HOU/ECT@ECT, Jackie Young/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Tom
Acton/Corp/Enron@ENRON
Subject: Tejas Deliveries at Oasis Katy

On Tuesday, March 7th, Tejas took gas from us at Oasis Katy and gave it back
to us at Tejas Laporte to help us out during an outage for $.02/mmbtu.  This
transaction has not been scheduled correctly.  There are two deal tickets in
Sitara to cover the Oasis portion of the deal:  #213145 covers ENA selling
the gas to HPLC for HPLC to transport on Tejas.  Deal #213370 covers the
transport usage on Tejas from Oasis Katy to Laporte.  I have edited this
ticket to add the $.02/mm charge.  There needs to be a Tejas expense contract
at Laporte, #665, to cover the approx. 25,000mm received there on the 7th.
These volumes are currently sitting on the Laporte OBA.

Jackie-  if you would work with Carlos he should be able to walk you through
getting this scheduled correctly in all systems.

Thanks.


At the bottom of this announcement there are several listings for "short
courses".  Please  consider whether it would be helpful for you to attend one
of them bng
----- Forwarded by Barbara N Gray/HOU/ECT on 05/15/2001 07:32 PM -----

	"Laxmi Mrig" <lmrig@qwest.net>
	05/15/2001 05:47 PM

		 To: "Undisclosed-Recipient" <>
		 cc:
		 Subject: Electricity Risk Management 101 Workshop and Portfolio Valuation
and Optimization Conference, June 19-22, 2001, Washington, D.C.

Electricity Risk Management 101 Workshop, and  Portfolio Valuation and
Optimization  Conference

June 19-22, 2001, Washington,  D.C.

?Overview

In the  current environment of volatile energy prices and deregulation, it
has become  increasingly more important for the electricity industry to learn
how to manage  price risk. EUCI presents a two part Workshop/Conference
formatted for the  beginner to expert in price risk management. The first
Workshop is designed for  the beginner with no prior experience in risk
management and introduces the  basic vocabulary and concepts in a concise and
easily understandable format  which forms the foundation for the more
advanced concepts applied in the  Conference.

To view  the details for these events, please visit:

Electricity Risk Management 101 Workshop
http://www.euci.com/Conferences/ermjun01.htm
Portfolio Valuation and  Optimization?Conference
http://www.euci.com/Conferences/pvojun01.htm

?List of Other Upcoming  Events

Transmission Grid Expansion and System  Reliability Conferences
Conference  1: Focus on Regulation (Regulatory, Legislative Update, and
Incentives for  Transmission Grid Expansion and System Reliability), May
21-22, Denver,  CO

???????  ??? http://www.euci.com/Conferences/formay01.htm

Conference 2: Focus on Pricing (Pricing and  Incentives for Transmission Grid
Expansion and System Reliability), May 23-24,  Denver, CO

???????????  http://www.euci.com/Conferences/fopmay01.htm

Market Based Planning for Transmission Capacity  Expansion, May 25, Denver, CO

http://www.euci.com/Conferences/mbtmay01.htm

Short  Courses

Engineering  and Planning for Aging T&D Infrastructures , June 20-22,
Washington,  D.C..???

???????????  http://www.euci.com/Conferences/eapjun01.htm

What  Generation Developers Need to Know About Transmission , June 20-22,
Washington,  D.C.

http://www.euci.com/Conferences/wgdjun01.htm

?Distributed  Generation Conferences

?Distributed  Generation ) Basics of Evaluation and Selection, August 7,
2001. Denver,  Colorado.

http://www.euci.com/Conferences/dgbaug01.htm

?Distributed  Generation Conference, August 8-9, 2001. Denver, Colorado.

http://www.euci.com/Conferences/dgcaug01.htm

?Distributed  Generation Power Quality Solutions, August 10, 2001. Denver,
Colorado.

http://www.euci.com/Conferences/dgpaug01.htm

?Distributed  Generation Interconnection Challenges, August 10, 2001.
Denver,  Colorado.

http://www.euci.com/Conferences/dgiaug01.htm

?After you click any of these  event titles, you will see links for program
agenda, registration information,  and online registration on the right hand
column. Depending upon your browser  and monitor, you may need to maximize
the page to see these  links.

We  have just published conference proceedings on recently held Ancillary
Services  Conference and associated pre-and post conference Workshops. The
table of  contents for these can be seen by clicking to our proceedings page
http://www.euci.com/proceedings.htm

Kindly  forward this announcement to your colleagues who might benefit from
attending  these conferences/workshops/courses.

Best  Regards,

L.  Mrig
Electric Utility Consultants, Inc. (EUCI)
5555 Preserve  Drive
Greenwood Village CO 80121
(303) 770-8800
Lmrig@euci.com

Send  us a note if you do not wish to receive these announcements.

?


BUSINESS HIGHLIGHTS

Global Risk Management Operations
Operational Risk Management was the topic of an information session held last
week for all managers and above in ENW who support trading operations for EA,
EIM and EGM in Houston, Portland and Calgary.  Operations professionals, who
manage risk book reporting and analysis, confirmations, physical product
scheduling and cash management reaffirmed their roles in effectively
accessing, managing and mitigating operational risk.  This focus on
operational risk management will ensure the quality of EWS' earnings, and
support a platform for continuing growth across all commodities in 2001.

Steel Origination
Since its inception in September, the steel group has grown to over 40
people.  They have contacted the majority of the key industry players and
received positive feedback.  Additionally, the group has executed both
physical and financial trades and has 10 products posted on EnronOnline.

Steel prices are at a 20-year low, several large producers have recently
filed for bankruptcy protection, and capital is scarce. The industry needs
both liquidity and price risk management. At this time, Enron is the only
company offering these products. A middle-market group has recently been
formed, which will allow the originators to focus on longer term deals with
embedded capital. The biggest challenge is bringing the "old economy "
incumbents up to speed on derivatives. There may also be some credit issues.
Stay tuned for cash flow and earnings.

MANAGING DIRECTOR & VICE PRESIDENT APPOINTMENTS
Congratulations to the new Managing Directors and Vice Presidents in
EA/EIM/EGM.

Managing Director ) Commercial
Phillip K. Allen, West Gas Trading   Timothy J. Detmering, Corporate
Development Joseph M. Deffner, Treasury & Funding
Timothy N. Belden, West Power Trading   William D. Duran, Generation
Investments Phillip R. Milnthorp, Canada Origination
Christopher F. Calger, West Power Origination

Managing Director ) Commercial Support
Sally W. Beck, Energy Operations Management

Vice President ) Commercial
Albert E. McMichael, Jr., Gas Commodity Structuring Christopher Mahoney,
Liquids Trading  Kevin J. McGowan, Coal
Niamh Clarke, Liquids Trading    Lloyd D. Miller, Portfolio Management  John
A. Zufferli, Canada Power Trading
Derek J. Davies, Canada Origination   Per A. Sekse, Global Risk Markets
Rogers Herndon, East Power Trading
Mark D. Davis, Jr., East Power Trading   Mark Tawney,  Weather Trading
Michael D. Grigsby, West Gas Trading
Paul Devries, Canada Origination              Barry L. Tycholiz, West Gas
Origination  Mark Whitt, West Gas Origination
Christopher H. Foster, West Power Trading  Frank W. Vickers, East Gas
Origination

Vice President ) Commercial Support
Laura Scott, Canada Accounting    Richard C. Sherman, Transaction Support
Georganne M. Hodges, Trading, Origination &  Power Plant Accounting

Vice President ) Specialized Technical
Peter C. Keohane, Canada Legal    Elizabeth A. Sager, Physical Trading
Pinnamaneni V. Krishnarao, Research Group  Richard B. Sanders, Litigation
Travis McCullough, Finance Origination & Mergers/Acquisitions

Weekly EnronOnline Figures
Below are figures for EnronOnline as of January 12, 2001.

* Total Life to Date Transactions   >   560,000
* Life to Date Notional Value of Transactions   >   $340 million

IN THE NEWS
The Energy Power & Risk Management/Risk 2000 Commodity Derivatives Rankings
have been announced and once again Enron is at the top of the list.  Our
rankings are:

Number 1 in the following categories:

 North American Natural Gas - Nymex Look-alike Swaps
 North American Natural Gas - Basis Swaps
 North American Natural Gas - Nymex Look-alike Options
 North American Natural Gas - Basis Options
 UK Natural Gas - Options
 UK and EU Electricity - Swaps (UK)
 UK and EU Electricity - Swaps (Europe)
 UK and EU Electricity - Options (UK)

Number 2 in the following categories:

 Gasoline - Swaps (Americas)
 North American Electricity - Swaps (North American - Eastern)
 North American Electricity - Options (North American - Eastern)
 Weather Derivatives - North American Swaps
 Weather Derivatives - North American Options

Congratulations to all of the commercial teams responsible for this great
showing!

NUGGETS & NOTES

"There is always a way, if you're committed." - Mike McConnell/President &
CEO-EGM

"We don't have any direct competitors.  It's more fun to sell when you're not
being shopped.  Are you with me? " - Brad Dunn, Vice President - Steel
Origination-EIM

WELCOME

New Hires
ENA - Bart Burk, Catalina Cardenas
EGM - Shereka Jefferson, Armando Lira

Transfers
EGM - Wayne Kimball
EIM - Kimberly Bergen, Jay Boudreaux, Cedric Burgher, Kristen Hanson, Laurie
Lee, Douglas Parsons

GLOBAL FLASH

UK Gas Update
This week the Bacton- Zeebrugge Interconnector surprised the market by
switching flow direction from UK Import to Export despite European spot
prices being lower than UK prices.  The Interconnector's operating rules
allow this to happen at present. Several shippers are lobbying to have these
rules amended to be able to react more quickly to market forces.  This flow
direction switch coincided with the recent cold snap increasing demand
substantially to 430mcm which in turn has resulted in a surge in prompt UK
prices.

EOL activity during this period has been particularly active as we benefit
from the increased volatility in the market.

Enron has several fuel switching options at our Teesside installations which
we use to protect our positions.

Fine weather in Japan
Over the New Year, Enron Japan completed a weather transaction with BTM,
which acted as a broker to the deal.  The deal, whereby we bought the option,
involved a Jan/Feb average temperature call with a maximum payout of 500 mill
JPY.   The transaction acted as a trigger leading to further transactions.
While not a major deal financially, this deal is significant as it offers an
indication that the Japanese weather market is developing and is growing in
size.  Takuro Shioda in our Tokyo office did a great job during the
negotiations.

TPS Gains ISO 14001 Accreditation
On 30th November Teesside Power Station gained accreditation to the
internationally recognised Environmental Management System (EMS) ISO 14001
standard.

ISO 14001 is an international standard that specifies the requirements for an
environmental management system that TPS had to meet in order to achieve
third-party certification. The accreditation will encourage cultural change
by establishing disciplines that ensure policy objectives are met and a
continual improvement in environmental performance is achieved.

LEGAL STUFF

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


Ben,

This email has the prices in Exhibit N of the current draft agreement.  Are
these the correct numbers?

Kathy and I discussed your comments, and she is making changes to the
contract consistent with those comments.  She is not available this
afternoon, but is free tomorrow am to discuss the contract. Please let me
know if tomorrow am works for you.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 07/05/2000 01:50
PM ---------------------------

karla.hesketh@us.abb.com on 06/29/2000 02:12:27 PM
To: ben.jacoby@enron.com, kay.mann@enron.com, kclark3@enron.com
cc: dennis.bowman@us.abb.com, frank.chmiel@us.abb.com,
michael.o.sandridge@us.abb.com

Subject: Enron Corrected Option Letter Information for Contract Purposes
-LMSK-2001

---------------------- Forwarded by Karla Hesketh/Field_Marketing/USTRA/ABB on
06/29/2000 10:31 AM ---------------------------
Ben/Kay/Kathy,

Attached is the revised pricing for the 3 types of transformers for the
LMSK-2001 contract along with Schedule 1A, 1B and 1C reflecting the latest
transformer designs.  This information is for incorporation into the final
contract.

(See attached file: ABBoption6000may12rev5.doc)

Please call if you have any questions.  Mike will be at Enron tomorrow should
you need to discuss this final pricing and design information with him.

Regards,
Karla Hesketh

Karla Hesketh\ABB
Ph: 713-821-4016, Fx: 713-821-3526

 - ABBoption6000may12rev5.doc


i need to go work out first.  so let's plan for 7.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
05:03 PM ---------------------------

Jim Garven <James_Garven@baylor.edu> on 12/14/2000 03:33:52 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Greetings from Baylor University

Dear Vince,

Thanks for writing back.?? I am glad to hear that Shane Green is working
there and doing so well.? Please give him my regards.?

Let's plan on having you speak for our Gamma Iota Sigma dinner on the evening
of 2/23.? It is my understanding that you are going to be in town anyway for
John Martin's "new economy" seminar.? Will you be needing a hotel
accommodation for that evening?? If so, please let me know and I will have my
secretary arrange accommodations for you.

Concerning class presentations, I am curious when whether we can try to
arrange a date.? I am teaching two undergraduate sections of a business risk
management course from 11-12:20 and 12:30-1:50 on Tuesdays and Thursdays this
spring.?? I also am teaching a graduate version of the same course from
3:30-4:50 on Tuesdays and Thursdays, but when you come I will probably have
you speak to the undergraduate classes and have my graduate students attend
either of those sessions.? The spring semester starts January 9 and ends May
1, and the following dates are already taken for other speakers, exams, or
spring break:

Thursday, February 15 - Midterm exam 1
Tuesday, March 6 and Thursday, March 8 - no class (spring break)
Thursday, March 15 - presentation on risk adjusted discount rate
methodologies by Dr. Richard Derrig, Automobile Insurers Bureau of
Massachusetts
Tuesday, April 3 - Midterm exam 2

Please let me know at your earliest convenience when you would like to
schedule a presentation.? Considering the fact that the presentation would be
scheduled for around the middle of the day, it would probably be technically
possible for you to make your visit into a day trip (back and forth from
Houston) in case if you are pressed for time.? Continental flies here from
Houston, but unfortunately the morning flight doesn't come in until 10:45
a.m., which would be too late for a presentation to the 11 a.m. class.

Thanks again,

Jim

At 01:57 PM 12/12/2000 -0600, Vince.J.Kaminski@enron.com wrote:

Jim,

Sorry for the delay in responding to your message. I was traveling
extensively
and was overwhelmed with many different projects.

I shall be glad to speak at the Gamma Iota Sigma dinner. Unfortunately,
cannot make
a presentation to your class (it would require leaving the office for two
days in a row).

I can, however, promise to come on another day and speak to your students.

I hope everything is going well for you. By the way, your former student,
Shane Green, has joined us
for 12 month and is doing exceptionally well.

Vince

Jim Garven <James_Garven@baylor.edu> on 11/28/2000 05:10:55  PM

To:?? "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:
Subject:? Greetings from Baylor University

Dear Vince,

Since we last corresponded, I have left LSU and am now Professor of Finance
& Insurance at Baylor University in Waco, TX.? My colleague at Baylor, John
Martin, mentioned that you will be coming to campus for a conference on
Friday, February 23 that he is organizing.?? I am curious whether your
schedule might permit staying over that evening so that we can feature you
as our dinner speaker for the chartering ceremony of Gamma Iota Sigma,
national risk management fraternity.? For that matter, would you also
possibly be available to make any presentations to undergraduate  and
graduate students on the previous day (Thursday, February 22)?? What I have
in mind is a presentation similar to the presentations you made last spring
to my LSU classes.

Thank you for your consideration of this request.? I am looking forward to
seeing you once again.

Sincerely,

Jim Garven

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail:? James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________


Fly up and back on company plane


Sunday morning we will experience the first time zone change of the year.
The time change is shown below (note NO HE 3 PST).  This means that we will
now be on the same time as El Paso.  Cheers.


Kevin,

Here's some info on Gila Bend - - - please use with discretion.

 -----Original Message-----
From: 	Young, Steve
Sent:	Wednesday, November 21, 2001 4:43 PM
To:	Gadd, Eric
Cc:	McCarty, Danny
Subject:	Gila Bend (TECO-Panda deals)
Sensitivity:	Confidential

Eric:

I spoke earlier today with the banker who led the TECO-Panda financing for Societe Generale (lead arranger with Citi on the $2.2 bill. merchant project financing).  Following is a summary of the call with healthy amount of detail since it may be some time before we have a chance to visit.  Due to confidentialities, Jim could only go so far on some details, so you'll note a number of gaps; however, this should cover many of your questions.  Call upon return after the holiday and we can discuss further.

Also attached - after notes - is an article that should capture many of the financing details.  Given other demands, I've not yet read the article so duplication between the notes and article is inevitable.  A word of caution - PFI details are good but not always accurate so rely principally on the call notes.  I also asked for portions of the Offering Memo. but am doubtful on receiving this.  Distribute further as you see fit.

Summary of Call
This was a merchant financing with both projects (Phoenix and El Dorado, Arkansas) cross-collateralized and x-defaulted - so treated as a single financing.
Approx. 2250 MW per site for total of 4500 MW (with 4 separate units per site).
Sources of funding - Total of $2.8 Bill. ($2.2 Bill in debt and $600 MM in funded equity).  Apparently all of the $600 MM equity was funded at close June 01' [further confirmation is needed].  Of the $2.2 Bill. in debt, $1.7 Bill. was non-recourse and $500 MM was an equity bridge, with recourse to partners.  However, lenders looked principally to TECO's credit backed by several guaranty of equity bridge and fronting of the $600 MM in funded equity.
Partnership - 50/50 in all respects (ie. vote and economics).  However, TECO must have some preferential rights (eg. cash flows etc..) given their substantial commits on the deal.
Term of debt - 2 yrs. construct facility plus 3 yr. mini-perm with bullet at maturity (approx. 8% amortized at maturity).  Five years is the market for merchant deals.  Amortization is 18 yr. mortgage style.  144 A expected form of permanent take-out of term debt.
Leverage - 60% financed by term debt, but approx. 50% debt financed when adding all ancillary facilities and other commits (ie. working capital, letters of credit etc..).  Jim kept details to minimum but further info. is needed here.
Key Ratio was debt service coverage.  Base Case assumed an average DSCR of 3.40X and Min. of 2.40X with cash trapped at 1.75X.  Did not get detail on whether DSCR was both historical and forward looking, but suspect there was some kind of forward test.  Project finance banks typically expect 3.25 to 4.25 DSCR on merchant finance deals.
Leverage, DSCR and structure in general was done based on what is generally required to gain investment grade rating from agencies when permanent take-out is sought.  Additional rating agency requirements can be found on Moody's and S&P web sites.
TECO also will act as operator.  TECO was clearly crucial to deal and at least Soc. Gen. had done prior deals with them (not sure about Citi).  Panda brought TECO into the deals.  Although Panda was a known quantity, Soc. Gen. had no direct project history with them.
Fuel and Power Off take - Lenders looked to extensive an Energy Management Program analysis.  The EMP presumed (by C.O.D.):  50% of fuel and power would be under firm contract, 25% of each would be covered by seasonal swing contracts and remaining 25% would remain merchant.  Intention is a complete match (term and volumes) for fuel and power contracts.  Agency agreements were signed with Noble (1yr. contract) on fuel supply mgt. and Aquilla (2 yr. contract) for managing power sales.  Each buys in name of the projects.  TECO is responsible for overall energy mgt. and coordination between Noble and Aquilla.  Jim said EOD is triggered if fuel and power agreements are not signed in line with E.M. Program by C.O.D.  Lenders got comfortable with lack of fuel and power contracts due to substantial equity commitment (approx. $1.1 Bill.).
Consultants were Pace for fuel supply and overall energy management and RW Beck for power market eval.
Fuel Transport - Much of medium term contracted at close (mix of firm and interruptible capacity) out to 7 yrs.  Lenders looked to new and released capacity to fill non-contracted needs.

 -----Original Message-----
From: 	Young, Steve
Sent:	01 November 2001 22:45
To:	Gadd, Eric
Subject:	RE: Gila Bend
Sensitivity:	Confidential

Will continue to dig.  Thanks for the greater detail on the questions.  I don't expect much but will let you know if anything notable comes of the call.

SY

 -----Original Message-----
From: 	Gadd, Eric
Sent:	01 November 2001 18:35
To:	Young, Steve
Subject:	RE: Gila Bend
Sensitivity:	Confidential

Thanks for the quick response.  The objective at ETS is to arrange a long term gas transportation agreement with the Gila Bend project.  We estimate their requirements to be 386,000 MMBtus/day and understand that El Paso has agreed to provide 100,000 MMBtus/day.  Gila Bend is one of several potential strategic shippers for our project and we are extremely interested in the credit quality of their project, recourse to parents, etc.

Principle risks + mitigants to understand:
Gas supply arrangements
Gas transportation arrangements
Financing arrangements, sources of funds
Power off-take arrangements
Who is the Operator?
Ownership structure, decision-making, etc.
Financial recourse to parents

 -----Original Message-----
From: 	Young, Steve
Sent:	Thursday, November 01, 2001 5:37 PM
To:	Gadd, Eric
Subject:	Gila Bend

I spoke with the project bankers at one of the lead banks (principal underwriters) here in town.  They are scheduling a call for me with the banker who lead the deal on their side.  I will be asking about fuel supply issues, key risks, terms etc.  Forward any additional questions you have and/or provide more specific questions of fuel etc.. and I'll give it a go.  I also asked for the Offering Memo., which will be near impossible to get due to confidentiality issues but will let you know how it goes.  Let's visit about you attending as well.

Steve


Gentlemen--here is the revised draft of the all-employee memo that we could
send from the Office of the Chairman.  Since Diomedes and David aren't
pushing this, I'd rather just keep it in reserve right now rather than keep
it moving.  (I am not sending this latest version to them.)  Mark, for your
info I am including the version that Diomedes and I have tentatively agreed
on that he would send to his region as well.

I am getting mixed signals on NoCal.  Michael Miller says he is still working
on their IM, yet today Frank Stabler said that he doesn't want the news clips
any more due to their "change in status".  What does this mean?


I think we resolved this while I was in Sara's office earlier.  Just to be sure, DO NOT send a demand letter to Whirlpool.  Thanks

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Friday, March 08, 2002 3:07 PM
To:	Dicarlo, Louis
Subject:	RE: Termination Letters Sent 3/8/02 -DRAFT-

Louis,

I have entered the requested information relating to termination letters -- however, Whirlpool Corporation was not in default @ the time that the first batch of Demand Letters were sent out.  Therefore, we would not yet be sending them a Termination Letter.

In light of the foregoing, I guess if they are in default???? Should they now receive a Demand Letter????

Susan

 -----Original Message-----
From: 	Dicarlo, Louis
Sent:	Friday, March 08, 2002 1:16 PM
To:	Miller, Don (Asset Mktg)
Cc:	McMichael Jr., Ed; Shackleton, Sara; Bailey, Susan; Garza, Maria
Subject:	Termination Letters Sent 3/8/02 -DRAFT-

We are in the process of determining which demand letter recipients will receive termination letters today.  Several CPs have outstanding issues which we are investigating (largely claims that the amounts due have already been paid).  Based on current information, we will send termination notice to the following CPs.  Their MTM value is included, as this amount will shift from "live" to "terminated."

Counterparty			$MTM (millions)
-----------------------------		-------
Johns Manville Int'l.		$8.6
Kerr-McGee En. Servs. Corp.	$3.6
Virginia Power			$9.3
Whirlpool Corp.			$0.2
	Total			$21.7

Please note that this list may change over the course of the day as we continue our research and issue resolution on each CP.  Additionally, the MTM values may be different once the positions are valued at the appropriate termination date.

Don, the above is slightly different from the CPs I provided verbally earlier today.

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: louis.dicarlo@enron.com


Please check this meter back to the first, the deal volume is zero and it is
pathed for 5m.


That is actually the report I'm having problems with. The old EOL JF report
on your desktop has somehow been replaced by the new stage version. It's
trying to pull information from the C drive, which does not exist on terminal
server. Nicolay is working with me to try to figure out why, but most likely
they'll have to put the stage version into production in order for me to run
this report again.

Thanks for the suggestion,
Kate

Carla Hoffman
01/04/2001 07:09 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: EOL Summary - Still Under Construction

Kate,

If you log in as myself, you can pull up the EOL JF Report that you were
using originally.

Carla

   Kate Symes                01/03/2001 05:42 PM

To: Monica Lande/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Fran
Chang/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Mike
Swerzbin/HOU/ECT@ECT, Matt Motley/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Carla Hoffman/PDX/ECT@ECT, Phillip
Platter/HOU/ECT@ECT, Chris Mallory/PDX/ECT@ECT, Michael M
Driscoll/PDX/ECT@ECT, Jeremy Morris/PDX/ECT@ECT, Bill Williams III/PDX/ECT@ECT
cc:
Subject: EOL Summary - Still Under Construction

I'm continuing to work with IT in Houston in an attempt to restore the EOL
Report to its former glory. They are making several changes to the report
which seem to result exponentially in glitches. As of right now the
application will not create any kind of file with any kind of data; hence the
absence of any kind of report. I will keep you informed of our progress.

Thanks for your patience,
Kate


Tana and I were unable to find anything useful here.  David Mitchell thought
he might find something for us in his files and will send it to us but as he
remembers it, we never got very far with the details.  He probably just
advised that if we ever did set up a CTA that it should be completely
separate - both in legal entity and staff - from our trading activities and
should be Chinese Wall fenced  as well.  I'll send over whatever we receive
from him and warned him that you might be calling.


Avoid the crunch on election day by voting early!

ENRON is providing employees with
complimentary shuttle service
 from the Enron Building to the downtown early voting site!!

Thursday, November 2
and
Friday, November 3
1319 Texas Avenue @ Austin Street
7:00 am until 7:00 pm
(transportation by Beal's - pick-up on the West end of Andrews Street)

In order to vote early at this site,
you must be registered in Harris County
and present your drivers license for ID verification
(your voter registration card is not necessary)

Please take advantage of this opportunity and VOTE!!

For election-related questions, please reference this website:
www.co.harris.tx.us/cclerk/elect.htm


HERE ARE THE PICKS FOR ROUND 2:

Tom:   Pittsburgh
Guzman: Pittsburgh
Steve:  Pittsburgh
Broker:  Pittsburgh
Holden:  Buffalo

It could be over after this round!


I'm in the new building as well.  We were on of the first groups to move in back Oct.  I'm on 4.
My group is definitely out the door.  Credit Trading is the name of my group and I think the name speaks for
itself....

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Monday, November 26, 2001 8:55 AM
To:	Rodriguez, Cecilia
Subject:	RE:

good idea coming back.  It is a zoo around here.  Looks like D-Day is today.  We will see.  At least I got to move into the new building and see it for a few days.  Where are you currently sitting?
PL

 -----Original Message-----
From: 	Rodriguez, Cecilia
Sent:	Monday, November 26, 2001 8:43 AM
To:	Love, Phillip M.
Subject:	RE:

I came back the 5th of this month because of what is going on.  I was planning on staying out till Dec. but I figured I better get in here and get my resume updated.
The baby is doing great, thanks for asking.
I was just bugging like always.
C


(See attached file: aga012502.PDF)

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 - aga012502.PDF


No, I didn't go to any parties,either, I started to, but since I had dinner
engagements the two evenings prior, I really wanted to see my boys before
they went to bed! I almost walked into the Amoco party, but only to eat
their food and drink their beer! But then I knew that I would go to the
Torch party and wish I hadn't! Who is Torch, anyway? Where was the Enron
booth? That's like 3 years in a row that Enron hasn't participated! Why is
that? Is it the Enron culture, not to participate in gas functions? Are you
strictly going paperless and wireless? Broadband and such? What do the
troops around you say? Does anybody think it is rather odd that you don't
do that? Just curious, I personally don't give a flip. I went to lunch with
somebody that said Enron had a party Tuesday night. Where was my invite?
Y'know, it's kinda funny because I never really get invited to parties like
Williams or Reliant or Conoco, and the sad thing is, I don't care. Why is
that? So many people make such a big deal about getting hammered when they
go out, I guess I'm just getting old!

     Well, I've got to go out again and treat some mullet to dinner again!
I can't wait for all these people to leave, so I don't have to keep
smiling, keep eating and getting little sleep! OUT!

Kevin.Ruscitti@enron.com on 03/22/2001 05:21:32 PM

To:   jjcardiff@duke-energy.com
cc:
Subject:  Re: What's up?

Did you go to any parties last night??  I was lame, I didn't go to a single
one.  I heard
there were some decent ones.  How's life at Duke been?  I haven't talked to
you much
since you've become a big ICE trader.   Talk to you soon.

KR


We are making a number of significant organizational changes.  These changes
are intended to accomplish four key objectives:

First, we need to realign all our wholesale businesses around the successful
business model developed over the last decade in North America and Europe.
This model relies on extensive physical and transactional networks built
around a relatively small strategic asset position.

Second, we need to significantly streamline corporate reporting
relationships.  Particularly with Joe Sutton,s departure, the ability to
directly manage the day-to-day activities of 15 independent business units
has become increasingly difficult.

Third, we need to accomplish these changes without, in any way, compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower-yielding
asset positions.

And fourth, as always, we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities.

ENRON WHOLESALE SERVICES

Today, we are forming Enron Wholesale Services (EWS) which will consolidate
our global wholesale businesses.  The closer alignment of our wholesale
businesses will accomplish the following: (1) enhanced communication and
coordination across business units, (2) more rapid deployment of people to
higher valued opportunities, (3) more effective prioritization of
opportunities across the wholesale business, and (4) more rapid extension of
Enron,s wholesale business model and capabilities into new industries and
markets.

Enron Wholesale Services will include our current North American, European
(including Japan and Australia), Global Markets, and Industrial Markets
operations, and will be expanded to include Enron,s Net Works business unit
as well as a new unit ) Enron Global Assets.  In addition, Enron,s merchant
businesses outside of North America and Europe will be integrated into this
new structure as described below.

Mark Frevert, currently Chairman of each of our wholesale units, will assume
the role of Chairman and CEO of Enron Wholesale Services.  Greg Whalley,
currently Chairman and CEO of Enron Net Works, will join Mark in the Office
of the Chairman as President and Chief Operating Officer.

Providing further impetus for these organizational changes, several of our
international business unit leaders have elected to move into new leadership
positions:

Rebecca McDonald, currently CEO of Enron APACHI, will join EWS as President
and CEO of Enron Global Assets. Enron Global Assets will have responsibility
for managing all of Enron,s existing energy asset portfolio outside of North
America and Europe.  Joining Rebecca in the Office of the Chairman as COO
will be Jim Hughes, currently COO of Enron APACHI.  Rebecca and Jim will
report to the EWS Office of the Chairman.

Sanjay Bhatnagar, currently CEO of Enron India, has joined EBS as CEO for the
Middle East and Asia region.  Sanjay will be responsible for building our
broadband business in this region and the current EBS team in this region
will report to Sanjay.  In this role, Sanjay will report to the EBS office of
the Chairman.  In addition, Sanjay will continue to remain responsible for
Enron,s wholesale energy business in India and will transition this business
into Enron Global Assets in the near future.

Diomedes Christodoulou, currently Co-CEO of Enron South America, has joined
EBS as Chief Commercial Officer.  Diomedes will be located in London and will
focus his origination activities on global opportunities, with near term
attention to the wholesale and enterprise sectors.  Diomedes will report to
the EBS Office of the Chairman.

Jim Bannantine, currently Co-CEO of Enron South America, will be joining EES
to lead EES, commercial efforts outside North America and Europe.  In order
to ensure a smooth transition for our South American businesses and to
facilitate our asset sales activities, Jim will remain in South America for
at least the next several months and continue to serve as CEO of Enron South
America.  Throughout the transition, Jim will report to Cliff Baxter and to
the Office of the Chairman of Enron Wholesale Services.  Following the
transition, Jim will join EES.

In addition to these changes in our international asset operations
activities, we are making the following changes in our merchant wholesale
businesses and the commercial support functions:

Enron Net Works
Louise Kitchen will assume Greg,s previous responsibilities as President and
CEO of Enron Net Works, reporting into Mark and Greg.

Enron Americas
Concurrent with the transfer to Enron Global Assets of responsibility for
operating Enron,s South and Central America asset base, all trading,
marketing, and new asset development activities in these regions will report
into a new entity, Enron Americas.  Enron Americas will have responsibility
for all wholesale merchant businesses across North, Central and South
America.  Dave Delainey, President and CEO, and John Lavorato, Chief
Operating Officer will comprise the Office of the Chairman for Enron
Americas.

Enron Europe
The Enron Europe organization, which includes Enron,s businesses in Australia
and Japan, and Enron Metals, remains unchanged under the leadership of John
Sherriff, President and CEO, and Michael Brown, Chief Operating Officer.

Enron Global Markets
Enron Global Markets, under the leadership of Mike McConnell, President and
CEO, and Jeff Shankman, Chief Operating Officer, will continue to have
responsibility for Enron,s Middle East and LNG operations.  With the
exception of Ecoelectrica in Puerto Rico, all operating power plants and
associated personnel in the Caribbean and Central America will transfer to
Enron Global Assets.  Enron Global Markets will also continue to manage the
commodity businesses in crude and products, coal, weather, insurance,
equities, interest rates, foreign exchange, and agricultural products.

Enron Industrial Markets
Enron Industrial Markets, organization, under the leadership of Jeff McMahon,
President & CEO, and Ray Bowen, Chief Operating Officer, remains unchanged.

Commercial Support for EWS
The commercial support functions for EWS will remain with, and be managed by,
the individual business units.  We are creating no incremental overhead in
the creation of EWS, and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across EWS.

To this end we have asked several people to take on an expanded role across
EWS in addition to their ongoing roles within their business units.  These
newly defined roles are as follows:

Mid and Back Office Operations ) Sally Beck will lead Mid and Back Office
Operations across EWS.  These services will become part of Enron Net Works,
with Sally reporting to Louise Kitchen and Rick Causey, Executive Vice
President and Chief Accounting Officer.  This alignment creates a coordinated
services organization with IT and e-commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services.  Mid and Back Office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and/or geographic locations.
Legal ) Mark Haedicke will serve in the role of General Counsel for EWS.
Regulatory and Government Affairs ) This function will remain organized on a
regional basis.  Rick Shapiro will support all EWS businesses operating in
the Americas, and Mark Schroeder, who is based in London, will support all
European and Eastern Hemisphere operations.  Rick and Mark will also continue
to support all other Enron businesses operating in their respective regions
and will continue to report to Steve Kean, Executive Vice President and Chief
of Staff.
Public Relations ) This function is also organized primarily on a regional
basis.  Eric Thode will have responsibility for North American activity,
Enron Net Works, and Enron Industrial Markets.  Jackie Gentle will continue
in her role for Enron Europe (including Japan and Australia) and John Ambler
will have responsibility for activity outside North America and Europe as
well as providing support for Enron Global Markets and Enron Global Assets.
These individuals will also continue to have a split reporting relationship
to Mark Palmer, Vice President of Communications.
Business Analysis and Reporting ) Wes Colwell will expand his role to cover
EWS reporting in addition to his current role in North America.

Attached for your review is an organization chart for Enron Wholesale
Services which summarizes the changes described here.  As this organization
continues to evolve we will keep you informed of any additional changes.

ENRON GLOBAL EXPLORATION AND PRODUCTION
AND ENRON WIND

 As part of our company-wide initiative to examine our assets and investments
around the world, we are considering a variety of options with respect to
EGEP and EWC.  As a consequence, we are putting these businesses under Cliff
Baxter,s direction.  Jeff Sherrick, CEO of EGEP, and Jim Noles, CEO of Enron
Wind, will report to Cliff.

CORPORATE STAFF

 We are consolidating the corporate staff functions: Human Resources,
Government Affairs, Public Relations/Communications and Administration.  In
that regard, Cindy Olson, Executive Vice President of Human Resources and
Community Relations, will report to Steve Kean, Executive Vice President and
Chief of Staff.

COMMITTEE STRUCTURE

 In light of the increased leadership opportunities created by Enron,s
growth, the Executive Committee will be expanded to include more of our
business unit leaders.  The primary role of this committee will continue to
be the communication of relevant information across Enron,s businesses and
the coordination of activities across those businesses.  We will also be
drawing on this group to lead company-wide initiatives such as the
performance review process and evaluation and creation of new businesses.
The Executive Committee membership is shown on the attached list.

 We are also forming a new committee ) the Enron Corporate Policy Committee.
This group will be responsible for overall corporate policy, personnel
management policy and corporate strategy.  The Enron Corporate Policy
Committee membership is also shown on the attached list.

 We are confident that these changes will align our talent and our capital to
our highest return opportunities.  Please join us in congratulating and
supporting all of these individuals in their new roles.


SPAIN AND CALIFORNIA

Please, note that the regulator (CNE, advisory body) has recently declared
that "the California situation cannot happen in Spain, although it is likely
that some isolated blackouts may happen in the East coast this summer".

Physical crisis in Spain

To me, it is not necessary to have a total blackout to admit that load
margins in the Spanish power market have been recently decreasing, and that
more generation capacity is needed! In fact, REE (Red Electrica de Espana,
the transmission company and TSO) is relatively worried about shortages of
capacity if demand keeps growing as in the recent years (6-8 percent). In
Spain, no major power plants have been built in the last 20 years. The
avalanche of new generation projects that have been announced (including
Enron's Arcos CCGT 1200MW) since 1998 (outset of liberalisation) could cope
with the need of new generation if firm access to gas transportation,
regasification and transportation infrastructures is guaranteed.

Authorisation procedures for the construction of new power plants is not that
bad, and so it is connection to the electricity grid. However, access to gas
pipelines still remains  as the big issue to ensure the gas arrives to these
new gas fired power plants, but mostly, that some of the CCGTs projects (as
Enron's) get financed (find attached the memo about the Enron's Arcos power
plant). Pipelines are owned are managed by Enagas, which is 100 percent owned
by Gas Natural, who controls more than 95% of gas supplies in Spain.

MESSAGES (they are not confrontational to anybody)
1. Prompt and adequated development of the gas system to make sure new gas
fired plants are built.
2. For these new CCGTs to get financed, it is necessary that firm and
continuous access is ensured by Enagas.

Financial crisis in Spain

The regulator has also said that given the "vertically integrated structure
of the Spanish power utilities, it is impossible that the California's
financial crisis happen". This is only partially true because the CTCs buffer
(stranded costs payments) have mitigated the financial stress of the
utilities when they have faced increasing fuel costs. In reality, what will
prevent a financial crisis in Spain will be the Government, by increasing
tariffs if things go nasty.

However, from the Enron perspective, the existence of CTCs is distorting the
market, both for retailing activities and the development of power projects,
since market prices are not driven by demand and supply fundamentals.

MESSAGES (they are not confrontational to anybody)
1. Applaud the speed of liberalisation of the power market and the attempts
of the Spanish goverment to make the transitional period as short as
possible. (By 2003, all customers will be eligible).
2. It is necessary to go deeper into the separation of regulated
(distribution) and non-regulated activities (generation and supply),
facilitating the introduction of more competitors on the generation market,
and reducing the market share of incumbents.

ITALY AND CALIFORNIA

Similar messages regarding the development of the gas system in Italy as
those in Spain are equally valid. In addition, please note.

MESSAGES (they are not confrontational to anybody)
1. Applaud the recent efforts by the goverment to make simpler and more
expedite the authorisation processes for building new power plants.
2. It is imperative that the Italian TSO facilitates the localisation of new
power plants by providing accurate and prompt information about the
transmission system capacity and expansion plans. The TSO must be there to
help new developers (actually, the Italian TSO is very aware of this and has
publicly declared to wish to go in this direction).
3. The Italian Power Pool was due for Jan 2001, but its start has being
delayed, and it is uncertain when it will happen. For new entrants, to have
the Pool live and running is of special interest to a) increase the
understanding of the supply and demand fundamentals in the Italian market and
b) to increase liquidity. Also, make sure you mention that the Pool should
help entry by providing as much as detailed information as possible to all
participants, mostly on its inception phase.

Please, find attached a short summary of the Arcos situation. The main issue
here is that Enagas (gas transco monopoly) is trying to grant access to
transportation and regasfication infrastructures CONDITIONAL to the
construction of a number of new infrastructures, which are also subject to
obtaining permits issued by the authorities. Instead, the regulator (CNE) has
basically imposed Enagas an obligation to build and grant access to Enron on
a firm and continuous basis, that is, no conditional. The regulator's
decision is binding but not normative.

 -----Original Message-----
From:  Shapiro, Richard
Sent: martes, 29 de mayo de 2001 16:15
To: Styles, Peter; Huertas, Alfredo
Subject: Kean's speech

Also, anything explaining Spanish regulator's decision re: Arcos would be
helpful if you could forward. Thanks.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 05/29/2001
09:13 AM ---------------------------

Richard Shapiro
05/29/2001 09:13 AM
To: Peter Styles/LON/ECT@ECT
cc:

Subject: Kean's speech

Could you please forward to me the briefing materials you prepared for
Steve's speech in Madrid? Thanks.


Foex published its weekly index today: NBSK fell by $2.48 (0.54%) whereas BHKP increased by $3.51 (0.88%).
See attached


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  This email was sent to:  richard.ring@enron.com


Telecom Companies Mtg To Discuss Bandwidth Trading
 By Michael Rieke

 03/23/2000
 Dow Jones Energy Service
 (Copyright (c) 2000, Dow Jones & Company, Inc.)

 HOUSTON -(Dow Jones)- A group of telecommunications companies is meeting
Thursday to open discussions
 on industry standards for bandwidth trading.

 Set up by CompTel, a Washington, D.C., trade association that represents the
competitive telecommunications
 industry, the meeting will initiate discussion among companies that are or
probably will be active in a nascent
 bandwidth trading market that could be worth billions or trillions of
dollars a year.

 Bandwidth is the capacity to move data over telecommunications networks.

 Russell Frisby Jr., president of CompTel, told Dow Jones Newswires that the
trade group's members asked it to
 get involved in the discussion of bandwidth trading.

 The fact that CompTel is involved in discussion on bandwidth trading shows
that people are taking the idea
 seriously, said Steven Kamman, a telecommunications analyst with CIBC World
Markets.

 "This year bandwidth trading will move from a theory to practice," he said.

 Before that can happen, the industry needs to set ground rules for trading,
and that will be a major topic of
 discussion at the meeting.

 It comes as no surprise that Enron Corp. (ENE) will be at the meeting. For
nearly a year, the company has been
 promoting the idea of setting up a liquid market for trading bandwidth under
standard terms and conditions.

 Tom Gros, vice president of global bandwidth trading for Enron, has two
items he thinks should be at the top of
 the meeting's agenda.

 The first is establishing an industry organization to set the standard terms
and conditions for trading bandwidth as
 a commodity. The second is setting a North American benchmark for trading.

 The bandwidth trading organization, or BTO, should consist of companies
"with actual financial risk" in
 bandwidth trading, Gros said. That means the group would consist mainly of
major telecommunications carriers,
 the bandwidth producers.

 But others also have financial risk in bandwidth, he said, including some
major Wall Street players and bandwidth
 consumers.

 Gros said some Wall Street players have already begun trading bandwidth, but
he wouldn't identify them. A
 source with a Wall Street investment bank, who didn't want to be identified,
said Gros's claim was a stretch.

 Banks with trading operations are consumers, using telecommunications
bandwidth to move stock market and
 commodity trading data internationally among offices, he said. But they
aren't actively trading bandwidth as they
 do established commodities.

 Major consumers of bandwidth would include large Internet service providers,
or ISPs. Gros said they should
 also be included in the BTO.

 Before bandwidth can be quickly and easily traded domestically, the market
needs a North American benchmark
 that sets technical specifications, Gros said.

 In domestic crude oil trading, the benchmark is West Texas Intermediate,
which must meet standards for
 American Petroleum Institute specific gravity and for sulfur content.

 In the bandwidth market, standards would be set for quality-of-service
issues like errored seconds, severely
 errored seconds and unavailable seconds, Gros said. Those standards would
cover corruption of data
 transmitted over bandwidth as well as the availability of bandwidth.

 Enron has suggested that the benchmark cover the route between New York and
Los Angeles, which ranks
 among the routes with the most data traffic in North America.

 Agreeing on standards will be the toughest job to accomplish at the meeting,
said Ken Epps, senior vice
 president for strategic marketing for Williams Communications Group (WCG),
which will also be represented at
 the meeting.

 The technical standards for bandwidth trading can't be set so high that they
limit the number of companies that
 will trade, Epps said. If the standards limit liquidity, the market won't
develop.

 "Everybody needs to walk away feeling that it's a standard they can live
with, that they can build their business
 around," Epps said.

 That goal can be met - it's just a question of how long it will take, he
said. "I don't expect it will be settled at the
 first meeting of the CompTel group, but it will be the kickoff."

 Williams plans to keep those discussion going next month at its own "carrier
forum" to discuss bandwidth trading
 standards, Epps said.

 About a year ago, when Enron first proposed trading bandwidth as a
commodity, Williams officials were quoted
 as being skeptical about the idea.

 But last month, the company announced it would take a leading role in
developing a market for trading
 bandwidth. The Williams carrier meeting shows that the company is now
serious about bandwidth trading.

 Williams is inviting "the real players, the MCI WorldComs (WCOM), the Qwests
(Q), the AT&Ts (T)," Epps
 said. "It's about people who have the assets and how we use these to
advantage the marketplace, how we build
 a good powerful market model."

 CompTel's Frisby, Enron's Gros and Williams's Epps wouldn't discuss which
other companies were attending the
 meeting in Washington. But Dow Jones Newswires was able to obtain a list of
attendees.

 Among the invitees are companies with experience trading energy commodities
- Dynegy Inc. (DYN); El Paso
 Energy Corp. (EPG); Columbia Transmission Communications, a unit of Columbia
Energy Group (CG); and
 Koch Industries, which has investments in energy and telecommunications.

 A surprise on the list is MCI WorldCom. Some industry sources have said the
company opposes the idea of
 bandwidth trading under standard terms and conditions.

 An industry analyst, who didn't want to be identified, said MCI WorldCom's
participation in the meeting is
 indicative of changing attitudes in the telecom carrier industry about
bandwidth trading.

 Retail marketing groups within telecommunications carrier companies don't
like the idea of a liquid bandwidth
 trading market, the analyst said.

 Such a market could turn retail customers into wholesale customers. For
example, a retail customer like an ISP
 could go to a liquid bandwidth market and buy at wholesale prices, he said.

 Also on the attendee list are telecom carriers Teleglobe (TGO) and Global
Crossing Ltd. (GBLX); NTT
 America, a wholly owned subsidiary of Nippon Telegraph and Telephone Corp.;
and Progress Telecom, a unit
 of the electric utility Florida Progress Corp. (FPC).

 Also on the list is recent IPO Universal Access Inc. (UAXS), a company that
matches carriers that have excess
 capacity with carriers that need extra capacity.

 LighTrade, a start-up company setting up pooling points to allow bandwidth
trading, was also invited.

 Commodity traders are represented by Sakura Dellscher, Amerex, Prebon
Yamane, AIG Telecom and the New
 York Mercantile Exchange.

 Two consulting companies, Andersen Consulting and PricewaterhouseCoopers,
were also invited.


fyi
 -----Original Message-----
From: 	Diemont, Frank R.
Sent:	Tuesday, February 19, 2002 5:34 PM
To:	Craig, Rick; Maestas, Gary; Alexander, James C.; Plachy, Rich; Alters, Dennis; Bryant, Mike; Bellard, Dannis; Rich Jackson (E-mail); Sealy, Les; Teal, Mike
Subject:	CS 17 Recip Gas Aftercooler Vibration Problem

After Mike Teals' call this morning about the excessive vibration problem at CS 17, I proceeded with the following actions :

1.	I checked with construction and advised them to remove the 4" blowdown/purge valves at the end of the inlet and outlet gas cooler headers.  This should reduce the worst vibration problems.
2.	I  contacted Marvin Barta with MLB Engineers who performed the acoustical/mechanical piping study for CS 17.  We had implemented his piping recommendations in the drawings.
3.	Marvin Barta, Scott (?). and myself are planning to be at CS 17 on Thursday 2/21 and Friday 2/22 to measure pulsation and vibration levels.   The five units will need to be running  to take these measurements.  Pressure taps need to be used to connect the instruments.  Rich Jackson told me that taps are installed on the inlet lines to the coils and at the cross-over valve.   CS 17 Operations, please identify additional taps on the discharge of the compressor units.  With the pulsation data, we should be able to analyze the vibration problem and make recommendations.  I have not yet verified that the units will be on-line on Thursday and Friday.
4.	I just received a call at 5:15 PM from Rich Plachy at CS 17.  The station is on line with a 160 psig differential and vibration levels are much lower than this morning.  They are the highest at the end of the cooler.  When the station was shut down this morning because of the excessive vibrations, the differential was at 150 psig.  I believe that the removal of the blowdown valves at the end of the headers contributed to the vibration reduction.    I also believe that the support piers under the two headers are not sufficient and that another pier needs to be installed at the end of each cooler header.  We still intend to travel to CS 17 to collect pulsation data.


Remove Scott Palmer from the list attached effective 2/15/01 and add Anna
Kulic starting tomorrow.
PL


Joe parks and I need 2 new desks set up in EOL so that the proper
accountability is made for the products as they trade.

Joe Parks new ID id ENA-IM Cent Gulf NGPL.

My ID is ENA - IM Central Gulf.

Please Expidite this as it is keeping us from trading our products online.


Please review the proposed changes(shown in blue) to the Tanker Freight products as a result of the Baltic Exchange index changes.  If we receive your approval of the change, we will make the change to the short and long description this weekend.

Tkr Freight Swap BITR BDTI 9                  Dec01           WS/mt

A financial swap Transaction with Enron North America Corp. under which the Seller pays a Floating Price and the Buyer pays a Fixed Price in each case in respect of the Notional Quantity per Determination Period.  Each calendar month during the term of the Transaction will be a Determination Period, provided that, if the term of the Transaction is less than one calendar month, the Determination Period shall be the term of the Transaction. The Fixed Price shall be equal to the Flat Rate (as defined below) multiplied by the percentage submitted by Counterparty via EnronOnline.  The Notional Quantity per Determination Period shall be the volume submitted by Counterparty via EnronOnline. The Floating Price shall be the Index.  The Payment Date shall be the fifth Business Day following the date on which the Floating Price is determinable.
The term of the Transaction shall be from the Effective Date (or start date) to the Termination Date (or end date). The Effective Date (or start date) is 01 Dec 2001. The Termination Date (or end date) is 31 Dec 2001.
The Index shall be the arithmetic average of the prices in the Determination Period. Such prices shall be calculated by multiplying the Flat Rate (as defined below) for the route known as ["70,000 tonnes loading Puerto La Cruz to Corpus Christi"] by the World Scale (or "WS") under the heading 'The Baltic International Tanker Route (BITR) Baltic Dirty Tanker Index (BDTI); Route [9]' whenever published by The Baltic Exchange Limited within the Determination Period. The Flat Rate is the rate in US dollars per metric tonne as published by Worldscale Association (London) Limited and Worldscale Association (NYC) Inc.  in effect on the last day of the Determination Period for the above mentioned route.  If for any reason the Baltic Exchange Limited does not provide any prices during the Determination Period, then the Forward Freight Agreement Brokers Association ("FFABA") may be instructed by either Enron or Counterparty to form a panel to establish such price, which will be binding on both Counterparty and Enron.
The price quoted on EnronOnline is World Scale (or "WS"), expressed as a percentage of the Flat Rate. The Contractual Currency will be US dollars.
The unit of measure against which the price is quoted shall be metric tonnes and the quantity shown shall be the number of LOTs per Determination Period (each LOT being 5000 metric tonnes).

Kevin Meredith

EnronOnline
(713) 853-9555


Steve,
Thanks for your help.  I've passed along your information to Byron.  Clark
says hello and we all wish you an especially merry Christmas.  Regards,
Bill Smith

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


---------------------- Forwarded by Mary Hain/HOU/ECT on 10/06/2000 01:41 PM
---------------------------
To: Edward D Baughman/HOU/ECT@ECT, Joseph Wagner/NA/Enron@Enron, Raymond
Bowen/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, George
Wood/Corp/Enron@Enron, John Llodra/Corp/Enron@ENRON, Janelle
Scheuer/HOU/ECT@ECT, Tom Swank/HOU/ECT@ECT, David Fairley/HOU/ECT@ECT, Mike
Curry/HOU/ECT@ECT, Terri Clynes/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Joe
Gordon/Corp/Enron@Enron, Mike E Kelly/NA/Enron@Enron, Joseph
Piotrowski/NA/Enron@Enron, Zachary Sampson/NA/Enron@ENRON, Dave
Mangskau/Corp/Enron@ENRON, Doug Sewell/HOU/ECT@ECT, Posey
Martinez/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, James
E Keller/HOU/EES@EES, Robert Frank/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Harry
Kingerski/NA/Enron@Enron
Subject: Buying power from Industrials

Below is information about a FERC order allowing a power marketer, like EES
or EPMI, to file to effectively act as an industrials "agent" when buying an
industrial's excess power to insert into the grid.  Generally, an industrial
would be required to obtain its own FERC power marketer license (takes about
60 days) in order to sell into the grid.  EPMI and EES have not requested the
"Impower" type agent authority yet, but I have been asked to file this for
EPMI (and, Dennis, we could file for EES too, let me know).

If FERC allows EPMI and EES to do this, then we would make quarterly filings
on behalf of any industrials from whom we buy power at wholesale and they
would not have to make their own FERC power marketer filings.  (Also, Enron
generally has to also file for "EWG" Exempt Wholesale Generator status due to
utility rules; however, if the industrial is primarily an industrial business
in something other than power generation, an EWG determination is not
required.)

I will keep you advised on the status of the filing(s) once made.

Subject: In Power Marketing --FERC order

On 3/30/2000, FERC issued an order accepting InPower's market based rates
schedule that would permit entities that own generation to meet their own
loads or for back up purposes (IPPs) to sell power at market based rates to
InPower (on a profit share basis).  InPower made the filing stating it
estimated that IPPs in MAIN (and, specifically, Wisconsin) could supply a
substantial portion of the summer energy shortfalls (FERC did not limit
ImPower to IPPs in MAIN).  InPower did not name any specific IPPs; however,
to be eligible under ImPower's program, an IPP must control generation
primarily for the purpose of meeting on-site demand or providing back-up
generation and have such generation located on its premises or premises
approved by the local utility.  Further, the generation must be capable of
producing electricity either synchronous with the local utilities' grid or
commensurate with agreements with the local utility.  Total sales made by
IPPs in ImPower's program would not exceed 1000 MW/ hour.  The IPPs are in
businesses other than the sale of electricity and are simply seeking
"incremental return on the often-unused capacity of their generation assets."

When an IPP participates in ImPower's program, it becomes subject to FERC's
jurisdiction as a "public utility."

Jacksonville Electric Authority (JEA) protested ImPower's filing stating it
allows retail customers to arbitrage retail and wholesale power markets by
purchasing power at average, embedded cost retail rates and simultaneously
using their generating facilities to sell power at wholesale to ImPower (at
peak times).  FERC addressed JEA's concerns by saying that the IPPs cannot
violate any rules and requirements properly imposed on the retail sales made
to those suppliers.

This order allows ImPower (as an aggregator) to make the required quarterly
filings for the IPPs and the IPPs do not have to apply for separate market
based rates authority.  The are some additional reporting requirements FERC
waived for the IPPs: accounting and reporting, issuance of securities and
interlocking directorates (an affidavit is still needed).

Please let me know if you would like a copy of the filing or order.


I concur. We may be very busy in the next  few months.

Vince

-----Original Message-----
From: Lemmons Jr., Billy
Sent: Tuesday, November 06, 2001 3:01 PM
To: Elliott, Lexi; Warner, Traci; Patrick, Christie
Cc: Causey, Richard; Kaminski, Vince J; Glisan, Ben
Subject: RE: UT MBA Energy Finance Practicum Sponsorship

Lexi,

I agree, this is not an appropriate time to be bringing students in from the outside for Enron-focused projects.  I don't think it hurts us at all since we've never participated in the past.

Please let me know if you need help on the messaging to UT.

Thanks,
Billy

-----Original Message-----
From: Elliott, Lexi
Sent: Tuesday, November 06, 2001 2:56 PM
To: Lemmons Jr., Billy; Warner, Traci
Subject: FW: UT MBA Energy Finance Practicum Sponsorship
Importance: Low

Billy and Traci:

I think I am going to decline the opportunity to sponsor this practicum at UT since they need a commitment from us to define a "project topic" for the students to research.  They have also contacted Vince Kaminski as a prospective contact, so I will copy him on this decision if you approve.

Thanks!

lexi

-----Original Message-----
From: Stephen.Jensen@mba02.bus.utexas.edu [mailto:Stephen.Jensen@mba02.bus.utexas.edu]
Sent: Tuesday, November 06, 2001 2:15 PM
To: Elliott, Lexi
Cc: Warner, Traci
Subject: RE: UT MBA Energy Finance Practicum Sponsorship
Importance: Low

Lexi-

For CEFER trustees, there is no financial commitment required to sponsor a practicum.  The only potential expense would be to cover travel expenses for the team if you want them to make their presentation in person to management in Houston.  The main commitment we need is a person who will define a project topic for the team and be available for periodic conference calls throughout the semester.  The project sponsor should help guide the team in their research, and provide any internal company data or other contacts within the company who may have information relevant to the topic.  If you feel that a non-disclosure agreement is necessary due the nature of the project topic, you may request that the students sign one.  Dr. Ronn is the faculty advisor for each team, so students use him as a point of reference as well.

Some potential benefits of sponsoring a practicum include:

Additional exposure to MBA students interested in pursuing careers in energy.  The project sponsor will get a close look at a handful of students in action (mostly 1st year MBA's), and can identify potential target recruits for internships or full-time hires later on.
"Free" research.  Depending on how you structure the project, the students' results and presentation should be useful to your organization.  For example, I did a practicum with El Paso last year, and we studied their use of Master Limited Partnerships as a vehicle for their midstream business.  We were able to research in depth some questions they wanted to answer but didn't have the time to do themselves.  Our research confirmed some of their "hunches", and management was very pleased with the results.

The level of interest in practicums among 1st year students is quite high compared to last year (over 40 students responded so far).  So, we would be excited to have Enron as a sponsor this year. (If you would like to sponsor more than 1 team, we would certainly welcome that as well!)

I have attached the original practicum document with some more details in case you do not have a copy.  Let me know if you have any other questions I can answer.

Thanks,
Stephen

-----Original Message-----
From: Elliott, Lexi [mailto:Lexi.Elliott@enron.com]
Sent: Monday, November 05, 2001 1:36 PM
To: Stephen Jensen {ifik243}
Cc: Warner, Traci
Subject: RE: UT MBA Energy Finance Practicum Sponsorship

Stephen:

I am interested in learning more about the sponsorship.  What does a sponsorship cost?  What benefits do sponsors receive?  What activities are involved?

Please give me some additional details.  I will take care of circulating them to Traci.

Thanks!

Lexi Elliott
713/853-4585

-----Original Message-----
From: Warner, Traci
Sent: Friday, November 02, 2001 12:16 PM
To: Elliott, Lexi
Subject: FW: UT MBA Energy Finance Practicum Sponsorship

-----Original Message-----
From: Stephen.Jensen@mba02.bus.utexas.edu [mailto:Stephen.Jensen@mba02.bus.utexas.edu]
Sent: Thursday, October 25, 2001 10:16 PM
To: Kaminski, Vince J
Cc: Warner, Traci
Subject: UT MBA Energy Finance Practicum Sponsorship

Mr. Kaminski-

I am an officer in the Energy Finance Group in the University of Texas MBA program, and I am in charge of coordinating our Energy Finance Practicum Program.  I would like to know if Enron would be interested in sponsoring one or more student teams in an energy finance practicum next semester.  I have attached a document with a description of the program, and details on what the level of commitment is for a sponsor (no financial commitment is required).  Sponsorships can only be given by the eight trustees of CEFER (the Center for Energy Finance Education & Research).  Dr. Ronn serves as a faculty advisor for each team.

Lexi Elliott suggested that you and Traci would be the appropriate people to contact for such a request.  Could you let me know if Enron would be interested in sponsoring a team next semester, and who my point of contact should be in the event that you would like to participate?  Feel free to contact me if you would like some more details on the program.

Thanks,
Stephen Jensen

<<EFG Practicum Program.doc>>

Stephen E. Jensen

MBA Class of 2002

McCombs School of Business

stephen.jensen@mba02.bus.utexas.edu

<http://mba02.bus.utexas.edu/stephen.jensen/>

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


----- Forwarded by Brian Bierbach/NA/Enron on 12/18/2000 04:47 PM -----

	Ken Choyce
	12/18/2000 10:13 AM

		 To: Brian Bierbach/NA/Enron@Enron, Barry Wiederholt/NA/Enron@ENRON, Charles
Varnell/NA/Enron@Enron, Shonnie Daniel/HOU/ECT@ECT
		 cc:
		 Subject: Hanover Response Letter

I apologize if this is the second time you've received this.  I could not
tell who got from what was sent to me.

----- Forwarded by Ken Choyce/DEN/ECT on 12/18/2000 10:10 AM -----

	"Paul K. Ludwick" <pludwick1@compuserve.com>
	12/13/2000 06:01 PM

		 To: Ken Choyce <ken.choyce@enron.com>
		 cc:
		 Subject: Response Letter

Ken,

Here it is, we look forward to sitting and discussing all options on
Tuesday.

Any prior discussions on this letter and any intentions are welcome before
Tuesday.

I will call.

Paul
 - Crestonfinal.doc


Attached is PIRA's Gas Flash.  Unauthorized distribution is prohibited.

Please direct questions about this report to: Greg Shuttlesworth (Email:
greg@pira.com), Tom Howard (EMail: tazh@pira.com), Richard Redash (Email:
Rich@pira.com), Nobu Tarui (Email: nobuo@pira.com) or Jane Hsu (Email:
jane@pira.com).  All can be reached at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution at (212) 686-6808,
Email: jgraziano@pira.com.

 - aga121300.pdf


Morela and Karen this report is so good. I learned so much about Brazil's situation.

-----Original Message-----
From: Carter, Karen E.
Sent: Friday, August 10, 2001 4:30 PM
To: Bryja, James; Conner, Andrew R.; Dimitry, Dirk; Rickard, Craig; Gurner, Darren
Cc: Crane, Bob; Allan, David; Hernandez, Morela; Juvane, Danilo; Causholli, Monika
Subject: Market Wrap - Brazil

Please find attached the first version of a Brazil Market Wrap which we envision issuing bi-weekly.  The intent is to provide you with a general overview of the currency's value and the prevailing economic environment in Brazil, as well as information relevant to the pulp market.

As we're still in the process of refining our Brazil data, we hope to eventually start publishing some proprietary information on operating rates, FOB cash costs, and prices obtained by individual companies in various geographic regions.  Assuming, that is, our in-house resource is able to obtain this type of information.

We hope that this newsletter will provide information for discussion purposes, and anyone requiring anything further can please feel free to contact those individuals from Fundamentals listed in the report.  If you don't wish to receive this, then please kindly advise me and I will remove you from our distribution list.  Thanks.

Karen


Jeff, I am now travelling to Asia (as usual) but please accept my sincere
congratulations on this well deserved promotion,

From and "old relic" from the old economy(the bricks) who has made the
transformation to e-commerce(the clicks).

Once again,

CONGRATULATIONS,

Curly
---------------------- Forwarded by Curly Baca/ENRON_DEVELOPMENT on
12/13/2000 03:50 PM ---------------------------

	From:  Ken Lay @ ENRON                           12/13/2000 06:01 AM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:

Subject: Succession Plan

It is my great pleasure to announce that the Board has accepted my
recommendation to appoint Jeff Skilling as chief executive officer, effective
at the time of their next board meeting on February 12, 2001.  Jeff will also
retain his duties as president and chief operating officer.  I will continue
as chairman of the Board and will remain at Enron, working with Jeff on the
strategic direction of the company and our day-to-day global operations.

Jeff will assume the role at a time when the company is hitting on all
cylinders and is positioned for phenomenal growth.  He is clearly ready for
the job, and after 15 years as CEO of this great company, I,m ready for a
somewhat different role.

Our succession plan has been clear for some time.  This has afforded Jeff and
me the freedom to combine our strengths toward building a company that
continues to exceed everyone,s expectations, including our own.  We look
forward to furthering that relationship as Jeff expands his role.

There are no plans for any other changes in our management team nor broad
shifts in strategy and direction.

Please join me in congratulating Jeff.  I look forward to a great 2001.


As a reminder, the mandatory Annual Compliance Meeting was rescheduled to Thursday, November 8, 2001 from 8:30 - 10:00 am at the Doubletree Hotel, LaSalle Room B.  The agenda remains the same:

Robert George/Gil Melman	Board Seats
Richard Lauer			ECT Securities LP
David Port			Risk Management Policy
Bob Bruce			Chinese Wall Policy
Dave Gorte			Transaction Approval Process
Rick Carson			RAC Reporting Tools

Please confirm your attendance at this year's meeting either by responding to this email message or contacting Donna Wackerle at ext. 39755.  Thank you in advance for your cooperation.   If you have any questions, please contact me directly at ext. 31939.  I look forward to seeing you this year.

PLEASE FORWARD THIS MESSAGE TO YOUR ADMINISTRATIVE ASSISTANT TO ENSURE IT IS SCHEDULED ON YOUR CALENDAR.

Donna Lowry
Sr. Director
RAC Compliance
(713) 853-1939
(713) 646-4039 fax


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


I would like to formulate the breakout groups prior to the forum.  I would
like your input on likely persons to put together in these breakout
sessions.  Let's talk tomorrow.


John,

Here is our North of Stanfield forecast for Jan.

Supply    Jan '01   Dec '00   Jan '00

 Sumas   900   910   815
 Jackson Pr.  125    33   223
 Roosevelt  300   298   333

 Total Supply  1325   1241   1371

Demand
 North of Chehalis 675   665   665
 South of Chehalis 650   575   706

 Total Demand  1325   1240   1371

Roosevelt capacity is 495.

Let me know how your forecast differs.

Phillip


All:

Attached is the latest version.    Note the average price of power assumed
purchased by the DWR, if smoothed to a fixed price equivalent for the 9.5
years beginning 7/1/01, is $106/mwh and $104/mwh if DWR's forward price
curves are used.  We used a range of $82.75 to $104/mwh in our sensitivity
page.   The $82.75 is the mid-point between Henwood and DWR curves.   Enron's
curves are significantly lower on the back-end.   The other switch is for the
allocation of the past utility purchases: 1) one pro rata, and 2)  one where
the non-core shares prorata, plus half the core's portion.  DWR past
purchases are handled pro rata in both scenarios.

Regards,

Michael

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Friday, May 18, 2001 4:53 PM
To: skean@enron.com; Steffes, James; Shapiro, Richard
Cc: Tribolet, Michael
Subject: Core/Noncore Analysis

Michael Tribolet and I (about 99% Michael) have put together a rough cut
analysis of the core/noncore structure, and some scenarios Hertzberg has
asked for.  Hertzberg's expecting some info from us on Monday (and I'm sure
that he'll want more scenarios, too).  Are you available first thing Monday
morning to be briefed on the analysis, my conversations with Hertzberg, what
Hertzberg's strategy is, etc.?


I don't know if you read your email so I am forwarding this to you.

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 06/16/2000
01:20 PM ---------------------------

	Enron North America Corp.

	From:  Lynn Pikofsky @ ENRON                           06/16/2000 12:39 PM

To: Laura Luce/Corp/Enron@Enron, Gregg Penman/Corp/Enron@Enron, Tim
Hermann/Corp/Enron@ENRON, Barbara G Dillard/Corp/Enron@Enron, Cary M
Carrabine/Corp/Enron@Enron, Steve Richman/Corp/Enron@ENRON, Paul
Burgener/Corp/Enron@ENRON, Richard Tomaski/Corp/Enron@Enron, Kevin P
Radous/Corp/Enron@Enron, Russell E Murrell/Corp/Enron@Enron, Roy
Rodriguez/Corp/Enron@ENRON, Lee Fascetti/Corp/Enron@Enron, Jason
Williams/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, w.morrow@pecorp.com, R.delara@pecorp.com,
d.wear@pecorp.com, m.ansari@pecorp.com, k.staszak@pecorp.com,
l.thomas@pecorp.com, J.slechta@pecorp.com, Julie A Gomez/HOU/ECT@ECT,
t.compton@pecorp.com
cc:
Subject: Vegas Offsite Update

Here is the attachment.

---------------------- Forwarded by Lynn Pikofsky/Corp/Enron on 06/16/2000
12:35 PM ---------------------------

	From:  Lynn Pikofsky                           06/16/2000 11:39 AM

To: Laura Luce/Corp/Enron@Enron, Gregg Penman/Corp/Enron@Enron, Tim
Hermann/Corp/Enron@ENRON, Barbara G Dillard/Corp/Enron@Enron, Cary M
Carrabine/Corp/Enron@Enron, Steve Richman/Corp/Enron@ENRON, Paul
Burgener/Corp/Enron@ENRON, Richard Tomaski/Corp/Enron@Enron, Kevin P
Radous/Corp/Enron@Enron, Russell E Murrell/Corp/Enron@Enron, Roy
Rodriguez/Corp/Enron@ENRON, Lee Fascetti/Corp/Enron@Enron, Jason
Williams/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, w.morrow@pecorp.com, R.delara@pecorp.com,
d.wear@pecorp.com, B.hayes@pecorp.com, m.ansari@pecorp.com,
k.staszak@pecorp.com, l.thomas@pecorp.com, J.slechta@pecorp.com, Julie A
Gomez/HOU/ECT@ECT, t.compton@pecorp.com
cc:

Subject: Vegas Offsite Update

For your review, I have attached a list of individuals and the days they need
to arrive.  The first group arriving on Saturday will have the option of
playing golf or going to the spa.   They will begin their workshops on Sunday
morning and will be departing on Monday morning.   The group arriving on
Sunday will have the same option.  They will begin their workshops on Monday
morning and departing on Tuesday.

There is a Dinner on Sunday night at 8:30 for everyone to attend.

Please let me know if you will be travelling outside of these travel dates,
as well as if you are interested in Golf or the spa.

Thanks,
Lynn
(312) 541-1379


Here is the latest version of the presentation.
Ben


There a  call-in number for this?


FYI.

 -----Original Message-----
From: 	Wax, Brandon
Sent:	Friday, January 11, 2002 4:26 PM
To:	Luong, Steven
Subject:	FW: Customer Names

 -----Original Message-----
From: 	Thome, Stephen
Sent:	Friday, January 11, 2002 4:17 PM
To:	Wax, Brandon
Subject:	Customer Names

Brandon,

The names you may be looking for are:

WAPA Lower Colorado (WALC)
WAPA Municipal Power	(WAMP) - NP15
Sierra Pacific Power Company
Colorado River Commission
Grays Harbor

The WAPA acronyms just represent the particular office we are dealing with.


Good Day:

Attached is our monthly TradeSpark SO2 and OTC NOx Market Price Indices for
January 2001.

Please give us a call if you have any questions or comments regarding our
bulletins.

NOTE: The attached bulletin is in Adobe Acrobat 4.0.  If you do not have
Adobe Acrobat Reader version 4.0, go to the URL below to download this free
software.

http://www.adobe.com/products/acrobat/readstep.html

Thank you,

Joshua Piver
Trade Spark  212-938-4250
-----------------------------------------------------------------------
If you would prefer not to receive further messages:
1. Click on the Reply button.
2. Replace the Subject field with the word remove.
3. Click the Send button.
You will receive one additional e-mail message confirming your removal.

 - 012501so2nox.mpi.pdf


------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

September 14, 2001 5:00pm through September 17, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:   NA

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER:
Impact:  CORP                POSTPONED
Time:  Sat 9/15/2001 at  11:00:00 PM CT thru Sun 9/16/2001 at  3:00:00 AM CT
	Sat 9/15/2001 at    9:00:00 PM PT thru Sun 9/16/2001 at  1:00:00 AM PT
	Sun 9/16/2001 at  5:00:00 AM London thru Sun 9/16/2001 at  9:00:00 AM London
Outage:  Upgrade EDINET
Environments Impacted:  Corp
Purpose: Improve reliability, performance, and increase information output.
Backout: 1. Switch IP DNS Entries for the Corp Domain for edinet.enron.com and ecnet.enron.com back to the original state
2. Restore database tables for edi_hub systems.
3. Switch IP DNS Entries for the Corp Domain for edinet.enron.com and ecnet.enron.com.
4. Save old code and script changes and install new code and configure new code from edi_qa.
Contact(s): 	John Kratzer  713-345-4642  713-318-4746
		Jack Metkus  713-853-0362  713-288-0743

EES:     SEE ORIGINAL REPORT

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:  ALSO SEE ORIGINAL REPORT
Impact:  EBS
Time:  Sat 9/15/2001 at  12:00:00 PM CT thru Sat 9/15/2001 at    1:00:00 PM CT
	Sat 9/15/2001 at  10:00:00 AM PT thru Sat 9/15/2001 at  11:00:00 AM PT
	Sat 9/15/2001 at  6:00:00 PM London thru Sat 9/15/2001 at  7:00:00 PM London
Outage:  Converting EBS to CORP Network
Environments Impacted:  EBS
Purpose: Incorporating EBS and CORP network
Backout:
Contact(s): 	George Nguyen    713-853-0691

Impact:  CORP
Time:  Sat 9/15/2001 at  9:00:00 AM CT thru Sat 9/15/2001 at    1:00:00 PM CT
	Sat 9/15/2001 at  7:00:00 AM PT thru Sat 9/15/2001 at  11:00:00 AM PT
	Sat 9/15/2001 at  3:00:00 PM London thru Sat 9/15/2001 at  7:00:00 PM London
Outage:  Uplink Corrections
Environments Impacted:  ECN 4
Purpose: To connect network switches to standard
Backout: If any switches do not come back online, I will connect them back to the original connection.
Contact(s): 	Mark Trevino    713-345-9954

Impact:  CORP
Time:  Fri 9/14/2001 at  6:00:00 PM CT thru Fri 9/14/2001 at  7:00:00 PM CT
	Fri 9/14/2001 at  4:00:00 PM PT thru Fri 9/14/2001 at  5:00:00 PM PT
	Sat 9/15/2001 at 12:00:00 AM London thru Sat 9/15/2001 at  1:00:00 AM London
Outage:  Hopix and Extpix Flash and IOS upgrade
Environments Impacted:  Corp
Purpose: Need to bring IOS to standard level. image requires more flash memory
Backout: Replace original flash card and set another day and time to upgrade
Contact(s): 	Chris Trota  713-345-1697

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

LOTUS NOTES:  SEE ORIGINAL REPORT

MESSAGING:     SEE ORIGINAL REPORT

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:   ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 9/14/2001 at  5:00:00 PM CT thru Fri 9/14/2001 at  7:00:00 PM CT
	Fri 9/14/2001 at  3:00:00 PM PT thru Fri 9/14/2001 at  5:00:00 PM PT
	Fri 9/14/2001 at  11:00:00 PM London thru Sat 9/15/2001 at  1:00:00 AM London
Outage:  Move LMS Production DB instance
Environments Impacted:  All
Purpose: HRGIM will be responsible for the Docent LMS application.
Backout:
Contact(s): 	Brandon Bangerter
		Raj Perubhatla  713-345-8016  281-788-9307
		Brian Ellis  713-345-8017  713-446-6193
		Mark Calkin  713-345-7831

Impact:  EBS
Time:  Fri 9/14/2001 at  6:00:00 PM CT
	Fri 9/14/2001 at  4:00:00 PM PT
	Sat 9/15/2001 at  12:00:00 AM London
Outage:  Decommission Pleasanton, CA EBS Servers
Environments Impacted:  EBS
Purpose: Office was sold and the servers are not required.
Backout: Business critical data has been copied to Houston by Jeff Hughes and is already being backed up.
Contact(s): 	Dan Dietrich    713-345-8836

SITARA:    SEE ORIGINAL REPORT

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

SCHEDULED SYSTEM OUTAGES:   SA
Impact:  File Server (EIBRASAL1C01)
Time:  Sat 9/15/2001 at  5:00:00 AM CT thru Sat 9/15/2001 at  8:00:00 AM CT
	Sat 9/15/2001 at  3:00:00 AM PT thru Sat 9/15/2001 at  6:00:00 AM PT
	Sat 9/15/2001 at  7:00:00 AM Sao Paulo thru Sat 9/15/2001 at  10:00:00 AM Sao Paulo
	Sat 9/15/2001 at  11:00:00 AM London thru Sat 9/15/2001 at  2:00:00 PM London
Outage:  Electrical Maintenance
Environments Impacted:  ESA - Salvador Office
Purpose: Electrical maintenance
Backout:
Contact(s): 	Paulo Barreto

SCHEDULED SYSTEM OUTAGES: LONDON
Impact:  CORP
Time:  Fri 9/14/2001 at  6:00:00 PM CT thru Sat 9/15/2001 at  9:00:00 PM  CT
	Fri 9/14/2001 at  4:00:00 PM PT thru Sat 9/15/2001 at  7:00:00 PM   PT
	Sat 9/15/2001 at  12:00:00 AM London thru Sun 9/16/2001 at  3:00:00 AM London
Outage:  Complete Powerdown of the London office
Environments Impacted:  All
Purpose: Installation of a third generator at Enron House
Backout: Switch all equipment back on.
Contact(s): 	Tracy Pearson    830-34238 London Tie Line

----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


FYI, the attached press release announcing a fiber exchange is scheduled to
be issued tomorrow by Qwest, however EBS is not named in the release (due to
sensitivities with the pending USWest deal).  Under the terms of the
exchange,  we gave them access on our Denver-to-Dallas route and we received
New Orleans to Jacksonville via Tallahassee; Jacksonville to Charlotte; and
Tallahassee to Louisville via Atlanta and Nashville.

If you have any questions, please contact me.

Thanks.
kd
---------------------- Forwarded by Karen Denne/Corp/Enron on 02/10/2000
05:06 PM ---------------------------

Kris Caldwell@ENRON COMMUNICATIONS
02/10/2000 04:46 PM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: UPDATED Qwest press release

Karen,
Here's the Qwest release that I just left word on your voicemail about.
While it doesn't mention Enron, the 1000 mile route spoken to was acquired in
a fiber exchange with Enron.  Let's discuss. thx,

Kris Caldwell
Enron Communications, Inc.
Public Relations Manager
(503) 886-0269

----- Forwarded by Kris Caldwell/Enron Communications on 02/10/00 02:35 PM
-----

	Matt.Barkett@qwest.com
	02/10/00 08:18 AM

		 To: Kris Caldwell/Enron Communications@Enron Communications
		 cc:
		 Subject: UPDATED Qwest press release

Kris-
Attached is the latest Qwest release, with the changes I mentioned last
night.  I will call you later to discuss, but the bottom line for us is that
we have to disclose this information in writing prior to our analyst meeting
next week, and Friday is now our only window.  As before, there are no
references to Enron.
Thanks-
Matt

 <<Qwest fiber expansion.doc>>

Matt Barkett
Qwest Media Relations
555 17th Street, 7th Floor
Denver, CO 80202
303-992-2085 phone
303-992-1164 fax

 - Qwest fiber expansion.doc


We have not been able to secure video conference facilities for the Board
meeting on Tuesday, Sept. 25. We will proceed with a teleconference. The
information to connect to the call is as follows:

International Number is 1-865 524 4287

	U.S. Domestic Number is 800 417 3187

	Participants Code is 169 326

	The meeting will be more effective if we can gather several Board
members in locations in New York and London. We will host the New York
session at our offices at 600 Fifth Avenue (entrance on 48th Street), 27th
floor. The London session will be at our offices at One New Change, EC4.
Please proceed to the Allen & Overy reception desk at that location and you
will be directed to a conference room.

	The meeting will begin promptly at 9:00 am New York time/2:00 pm
London time. Based on responses we expect to have several more Board members
on the phone than are necessary to satisfy quorum requirements, but we do
need you to join us from the beginning of the call.

	If you are joining us in person, please arrive at the New York or
London location in advance of the start of the call. If you are connecting
by phone, please do so a few minutes prior to the start of the call. Our
Board members in Asia and Australia are starting this call at 9:00 pm, 10:00
pm or 11:00 pm, depending on their location. We will make every effort to
keep the meeting to an hour and a half.

	We will consider the following issues from the original September
agenda:

	Filling of the vacancy created by Damian's resignation

	Membership applications (Mary will send a separate email with
details on each application)

	Relationship with FpML

	Market convergence issues

	An abbreviated review of the three-year plan

If you need the materials for any of these matters, please contact Cynthia
Richards or me.

I look forward to speaking with you on Tuesday.

Bob


I'm all for that.  I may take him out very early to look at the tractors.

"Neil Mann" <nmann@erac.com> on 02/13/2001 02:49:07 PM
Please respond to <nmann@erac.com>
To: "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject: Sharon Seals appointment

Sharon just called asking about Michael's 2/19 appointment at 5:30. She
knows it's a holiday for some kids and has an opening at 2:30 if you would
like to change it. Please e-mail her at rseals@pdq.net and let her know what
you want to do.
I just remembered the 19th is Lyle. Why not give Michael the day off?  NM


Hi!

             I gave his resume to Scott Neal.  He is going to look at it and
pass it on to the appropriate people.  It looks like his backround includes
more origination experience than trading.

Take care!