I have not personally talked to James about these issues in Enpower.  His
concerns regarding swaptions and asian options are accurate.  IT is currently
working on new volatility curves for swaptions to use.  IT is also working on
correlations in order for asian options to be valued properly.  London trades
many more swaptions and asian options than the US; therefore, the impact of
not having swaption volatility curves and correlations is greater to them.
The majority of options in the U.S. are European monthly and daily exercises
and the current volatility curves adequately take care of these deals.  The
idea of swaption volatility curves has floated around in the US, but other
more material items always got in the way and we continue to use the deal
specific volatilities for the swaptions we do have.  Once the technology is
in place to use swaption volatilities we will also adopt.   The system was
originally built to handle the physical power world that existed in the US
and as new markets and new ideas (such as the US becoming more and more of a
financial market) we will need to enhance Enpower to follow suit.  Swaption
vols and asian options are two of these enhancements.

Also, it is difficult to get option data out of Enpower.  We have in stage an
option sensitivity matrix that, once implemented into production. I will be
sure that James knows about.  It probably will not solve all his problems,
but it will give him a starting place.

Stacey

	Enron North America Corp.

	From:  Sally Beck                           12/11/2000 11:00 AM

To: Stacey W White/HOU/ECT@ECT
cc:
Subject: Enpower

In cleaning up e:mails, I ran across this one that I had not yet read.  Has
James called and talke with you about Enpower?  Are his concerns in the memo
accurate?  Let me know.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/11/2000 11:03 AM
---------------------------

Fernley Dyson
11/29/2000 02:54 AM
To: Richard Causey/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT
cc:
Subject: Enpower

Just a heads-up - a long-winded email, but please see highlighted paragraphs.
I find it hard to believe the scenario portrayed here, but stranger things
have happened - will keep you posted.
---------------------- Forwarded by Fernley Dyson/LON/ECT on 29/11/2000 08:44
---------------------------

James New
28/11/2000 13:42
To: Ted Murphy/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON
cc: Mike Jordan/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT

Subject: Status update on the issues surrounding Continental Power
volatilities and correlations

As you know for some time we have been trying to get the Continental Power
traders to increase the volatilities they use for valuing their option
portfolio and for use in calculating their VAR as it has been obvious that
the market  has become more volatile but this was not being reflected in
their mark.

In looking at the impacts of this, various other issues came to light.
Firstly it raised issues over the correlation matrix used in the VAR model as
this was way out of date. We have worked with Jitendra and have now put in a
matrix that both the traders, risk and RAC are happy with. Secondly, as you
may be aware, in Portcalc swaptions currently use the volatility input on the
deal ticket and not off any volatility curve.

The current portfolio is 90% swaptions and so this represents a serious issue
for us in that it is not practical to manually change all the volatilities at
the deal ticket level every time the implied voaltilities change. We cannot
use the option functionality as this only values hourly or daily exercise
options and not fixed expiry swaptions or options. We also have not found any
way in Portcalc of valuing Asian options so we are having to 'force' in the
few we have. We have had the Houston based Portcalc IT team work on a 'new'
piece of swaption valuation code but currently it contains a number of
worrying bugs. These are primarily that the proposed code does not take the
correct underlying forward price and uses the volatility of (approximating)
the last day of the underlying rather than the implied volatility of the
underlying.

They are currently being hampered in that they do not have any IT personnel
who have sufficient option knowledge (I understand that the two most
experienced coders resigned to go to another Houston based energy company).
This is extremely worrying and I find it hard to believe that the whole of
Enron's power business is having to use the methodology of inputting the
volatility at the deal ticket level. This will almost certainly mean that
different volatilities are being used in the VAR as are being used to value
the swaption portfolio globally. As well as these issues we have concerns
over the use and accuracy of the smile adjustment in Portcalc (worryingly it
does not seem that you can 'switch' this off). Briefly it seems that Portcalc
calculates the delta used to adjust the volatility by comparing the strike
price to the forward price of the last day of the underlying rather than the
forward price of the underlying itself.

We have engaged London based  IT and are looking at the code we have used in
Power 99 to se if there is a way we can get something done quickly to start
to value all option products off a curve and to be able to book Asian options.

Once we get the above resolved we still have no way or extracting the vega or
gamma risk from Portcalc in it's current state as the information is just no
there (so we are told by IT). The system 'seems' (we cannot be 100% sure
given all the other errors) to produce a vega and gamma P&L number but what
the risk is remains a mystery. Again this is very worrying in that we have
Power option traders all over the world who can't get their underlying vega
or gamma risk position from the global valuation system. We are trying to
work on something manual to draw a line in the sand but I would really like
to know how the American based traders cope as they have this problem
(knowingly or not)  for years. What sign offs were gained for the
implementation of Enpower because it seems to us that using the current
system it is not possible to comply with the Global Risk policy. How do we
validate the inputs to the valuation if we do not know the risk ?

Despite the above we have now persuaded the traders to save out newer higher
volatilities a week ago and you should have seen a large move up in their
VAR. However, as it stands at the moment they are notable to save out a daily
remark as Jitendra is saying that he is not happy with their 'model' / vol
curve generator (I have today asked for a full explanation, details of any
testing etc etc and time lines so we can move to getting over this hurdle).
The swaptions have also not yet had the ticket volatility changed but the
impacts are expected to be positive as we are long volatility.

I would appreciate your comments on the above as it seems that we are pushing
the boundaries here on areas which we really expect to have already been
covered in Houston some time ago and could do with some help. We are having
to use a system which seems to us to have numerous bugs and short comings and
are having to spend an enormous amount of IT time overcoming the inadequacies
of Enpower wich I do not think most people are aware of. Consequently we have
not been able to deliver all the improvements we were required to do in
gaining the increased limits so 3 months ago but I would hope you agree that
it is not for a lack of trying.

Sorry it's so long but if there are any questions or any perceived
inaccuracies in any of the above then please let me know.

James


I thought I'd send this around just as a reminder of the RMT guidelines.  As
far as I know these have not changed since Rhett's memo last year.
----- Forwarded by Mark Taylor/HOU/ECT on 12/12/2000 09:07 AM -----

	Rhett Jackson
	11/01/1999 10:08 AM

		 To: Sally Beck/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Jefferson D
Sorenson/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT
		 cc: Morris Richard Clark/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, James
Ginty/Corp/Enron@ENRON, Jordan Mintz/HOU/ECT@ECT, James Sandt/LON/ECT@ECT,
AnnMarie Tiller/Corp/Enron@ENRON
		 Subject: Risk Management & Trading Corp. ("RMT") Guidelines

Attached please find the most recent guidelines for confirming swap
transactions with RMT.  Please distribute this memorandum to others involved
in the confirmation process, as appropriate, and feel free to call me at
X34718 if you have any questions or comments.

Regards.
Rhett Jackson


New Enron Members,

Like you, we find working at Enron to be exciting.    Many of you have asked
us to help you better understand the essentials of working in this dynamic
environment.     Your HR Team would like to answer your questions and help
you prepare for your career at Enron.

We invite you to attend a new hire focus session on:

Thursday, March 8th from 10 AM to 12 Noon
at the
2 Allen Center Conference Room on the 12th Floor.

We will be facilitating a presentation for you on the following topics:

The Enron Culture
What does success look like at Enron?   What you need to know early on.
The PRC process and how it works
Open Question and Answer session

We'll see you there!
Your HR Team


NYMEX Membership Services
April 26, 2001
Notice # MS-28

REINSTATMENT OF MEMBERSHIP PRIVILEGES

 Please be advised that effective April 26, 2001, the following member(s) has
reinstated his membership privileges:

Michael Wall (WALL-4656), as a Licensee with a qualified trader guarantee
provided by Pioneer Futures, Inc.

NOTICE OF INTENTION TO TRANSFER

Please be advised that effective with the close of business, April 26, 2001,
he following member(s) have given notice of intention to transfer their sole
Membership within the Exchange:

Frank Belcastro (OLDS-4332)

NOTICE OF INTENTION TO LEASE ORIGINAL MEMBERSHIP

Please be advised that effective with the close of business, April 26, 2001,
the following member(s) have given notice of intention to lease their sole
membership privileges:

Dwight Steinhauser (DGS-7012)

 Members and Member Firms have (10) days from the date of this notice to
advise the Corporate Secretary,s Office of any claims in accordance with Rule
2.51.

 Inquiries regarding the above should be addressed to the Member Services
Department at 212-299-2379.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-28)"

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


[Haedicke, Mark E.] J , please arrange for a meeting.  It is ok for it to be lunch.  Mark -----Original Message-----
From: EFeo@milbank.com [mailto:EFeo@milbank.com]
Sent: Monday, October 15, 2001 12:30 AM
To: mark.e.haedicke@enron.com
Subject:

Hello Mark:

That is a great article in this month's Corporate Legal Times on the Enron legal department.  I know that the wholesale group has been critical to the company, and your role has been critical to the success of the legal department.

Thanks for looking to Milbank on PG&E and EBS this year, among other things.

In order to review where we are, and what we ought to be doing to better service your group, I would like to arrange a meeting with you at your convenience.  To suggest dates: do any of 10/19. 10/26, 11/2 or 11/8 work for lunch or an afternoon meeting?

Hope to hear from you soon.

Regards,
______________________________
Ed Feo
Milbank Tweed Hadley & McCloy LLP
601 South Figueroa Street, 30th Floor
Los Angeles, Ca. 90017
Phone: 213 892 4417
Fax: 213 892 4717
Cell: 213 446 3206

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/28/2001
03:44 PM ---------------------------

SSCHROED@us.ca-indosuez.com on 02/28/2001 03:28:47 PM
To: david_craft@wbw-pc.com, dgiron@enron.com, jeff_graham@condley.com,
bruce_d_jones@us.dell.com, sjordan@jw.com,
randy.g.kruger.jr@arthuranderson.com, Andy.Marusak@USASports.com,
bshaffer@securitycapital.com, mikeshaw@andrews-kurth.com,
todd.w.taylor@bakernet.com, bwells@pop.net
cc:
Subject:

  Little  Johnny  walked  into  his  dad's bedroom one day and found him
  sitting  on  the side of his bed sliding a condom onto his dick. In an
  attempt  to hide his full erection, Johnny's father bent over as if to
  look under the bed.

  Little Johnny asked curiously, "What ya doin', Dad?"

  His  father  quickly replied, "I thought I saw a rat go underneath the
  bed."

  Johnny replied, "What ya gonna do, fuck him?"


Ok, cut the shakespeare.  What's your vote?  She wrote again in inquiring.


EXECUTIVE SUMMARY
? SoCal. Ed MOU Introduced as Bill
? House Committee Douses Emergency Energy Relief Act

MOU Has Its Day
Sources report that California Senator Polanco has introduced the legislation
today for the MOU between the Governor and SoCal Edison (SB 78XX).  As
reported earlier, sources still believe that there is not sufficient
legislative support for this measure to pass.  Senator Polanco's political
career was earlier jeopardized by personal scandal and now sources feel his
MOU sponsorship may be nothing more than a quid pro quo attempt to gain
support from Davis.  Additionally, the CPUC has added two necessary MOU
provisions to its next week voting agenda, though support for these issues
remains weak on the CPUC board.

House Energy Relief Efforts
The House Energy and Commerce Committee gave up plans to ease California's
energy woes because Republicans and Democrats could not settle a long
standing debate over price caps in the West.  Representative Waxman admitted
a compromise was never more than a noble idea throughout the debates, and
several delayed mark-up sessions for the bill.  Barton noted the bill had
little chance of aid California considering the time it would take to pass
the bill would be longer than the California summer.


---------------------- Forwarded by David W Delainey/HOU/ECT on 12/08/2000
12:36 PM ---------------------------
From: Kim Cadena@EES on 12/08/2000 12:00 PM
To: Jeremy Blachman/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Dan
Leff/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES, Joseph E Earle/HOU/EES@EES,
Dick Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith Dodson/NA/Enron@ENRON, David
W Delainey/HOU/ECT@ECT, Matthew Scrimshaw/LON/ECT@ECT, Ray Bennett/HOU/EES@EES
cc: Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Rossana Booty/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Ruth Ann Brown/HOU/EES@EES, Sherri R
Saunders/EFS/EES@EES, Donna J Martin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christina
Valdez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kerry Ferrari/LON/ECT@ECT, Kay
Chapman/HOU/ECT@ECT
Subject: Reminder: EES VP PRC Meeting - Wednesday, December 13

The EES VP PRC Meeting will be held Wednesday, December 13 from 10:00 a.m. -
5:00 p.m., in the Regency Room of the Hyatt.

If you have any questions, please contact me at x31738.


Gerald - this is what BNG was talking about.  Can I do anything to help you
find this?
----- Forwarded by Pat Radford/HOU/ECT on 07/25/2000 09:14 AM -----

	Tom Shelton
	07/24/2000 03:36 PM

		 To: Steve Van Hooser/HOU/ECT@ECT
		 cc:
		 Subject: HPL information

For the HPL data room, can you please have someone send me a copy of HPL's
Section 311 General Terms and Conditions.  I'll need it by Friday, July 28.
Thanks.


Debra -

Attached below are worksheets for ENFOLIOs with the following companies:

1.  Canandaigua Wine Company
2.  Delano Growers Grape Products
3.  Golden State Vintners, Inc.
4.  Granite Construction, Inc.
5.  Hexcel Corporation
6.  ITW CIP Stampings
7.  Mitsubishi Cement Corporation

Can you please prepare drafts for these counterparties?  We need to send these out to these companies by the end of the week.  Kim Ward will have instructions on how we need to send these out; I will ask her to contact you with that information.

Please give me a call if you have any questions.

Thanks,

Jay


-----Original Message-----
From: 	Williams, Robert C.
Sent:	Tuesday, October 09, 2001 2:54 PM
To:	Steffes, James D.; Shapiro, Richard; Dasovich, Jeff; Mara, Susan; Sharp, Vicki; 'mday@gmssr.com'; 'jbennett@gmssr.com'; 'jklauber@llgm.com'
Subject:	Proposal Seeking Settlement with SCE

Please see the attached draft.  The purpose of this document would be to get management approval for a settlement along the lines indicated.


I'm still looking for other emails.

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/05/2000 02:58
PM ---------------------------

nbartlo@columbiaenergygroup.com on 01/13/2000 09:02:45 AM
To: Chris Germany/HOU/ECT@ECT
cc: "        -         *sgoodel@columbiaenergygroup.com"
<sgoodel@columbiaenergygroup.com>, Judy Townsend/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, NOTES -PDREXEL * <pdrexel@columbiaenergygroup.com>
Subject: Re: Equitrans

Chris, I don't believe that this is real. Sounds like a CES system mistake.
Let
us know what you find Scott. Thanks.

cgerman@ect.enron.com on 01/12/2000 07:27:18 PM
Please respond to cgerman@ect.enron.com

To: Noel Bartlo/CES/ColumbiaGas@COLUMBIAGAS, Paul Drexelius
[NOTES.pdrexel]@LMSOV
cc: csulliv@ect.enron.com, jtownse@ect.enron.com,
sgoodel@columbiaenergygroup.com
Subject: Equitrans

I have very little info on this deal.  Who pays for the FT on Equitrans?
Contract 270, volume=1,000/day, start date = 7/1/97, max demand, all receipts
and all deliveries, AND the end date is 10/31/2099 (looks suspicious to me).
Scott is trying to find the term of this deal from Equitrans.  I believe
Equitrans did say this is a capacity release deal.

Scott, I'm going to list this as a wholesale deal for now.  It was not on my
wholesale transport worksheet from Mark Breese.  Please email everyone with
the
end date when you find out.  Also, please find out who the releasing shipper
is
and the primary receipt and delivery points.

Thanks


www.kazaa.com

Lucy Ortiz
Energy Risk Management
Enron Americas
P:713.853.3238
F:713.646.3239
M:281.782.6397
lucy.ortiz@enron.com


Here is the contract information.  The contract group could not locate the
CES-Devon contract so all I have is the info from TAGG and Sitara.

For the GTC and GISB contracts that have no paper, I wrote price and location
on the EXCEL spreadsheat.

Tom Donohoe


As you predicted.

"Keffer, John" <JKeffer@KSLAW.com> on 12/22/2000 09:16:19 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Campbell, Carolyn"
<CCampbell@KSLAW.com>
cc:

Subject: RE: Intergen - Escrow

George has confirmed that F&J is unwilling to act as escrow agent

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, December 22, 2000 9:17 AM
To: Keffer, John; Campbell, Carolyn
Subject: Intergen - Escrow

I asked Fred to check into what it would take to have Enron set up a third
party escrow arrangement.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 09:15
AM ---------------------------

Fred Mitro@ECT
12/22/2000 08:59 AM

To:   Kay Mann/Corp/Enron@Enron
cc:   Raimund Grube/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT, Rebecca
      Walker/NA/Enron@Enron, Mary Perkins/HOU/ECT@ECT

Subject:  Intergen - Escrow

I spoke with Mary Perkins in Treasury.  She indicated that we are currently
working with Chase Bank and City Bank for our third party escrow
Agreements.  Mary will forward Kay and I electronic copies of both of their
standard agreements.  The timeline for a standard agreement is at least 3
days and increases with the level of complexity of the Escrow Agreement's
terms & conditions.  The cost for either bank to set-up and administer the
escrow would be approximately $5-$10K, with additional cost if the
Agreement was overly complex.

Kay:  Call me to discuss our proposed Escrow Agreement T&C's and how a
draft form of this Agreement should be best incorporated into the
transaction documents.  At a minimum, we should attach it as a sample form
and have the Letter Agreement(s) contain "substantially in conformance
with" language.

Fred

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


Why couldn't this be done with a new GTC confirm for the extension period?
----- Forwarded by Dan J Hyvl/HOU/ECT on 11/16/2000 01:33 PM -----

	Bridgette Anderson@ENRON
	11/16/2000 11:03 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 bcc:
		 Subject: Re: Contract to extend

Dan,

I have inserted a screen print of the deal from Sitara, this should give you
the information that you are seeking.  Please let me know if this isn't
sufficient information.

Thanks.
Bridgette Anderson

Dan J Hyvl@ECT
11/16/2000 07:45 AM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Re: Contract to extend

Can you give me any more information.  What type of deal is it.  Who did the
deal.  How was it documented.  Where is the paper work.  etc.

	Bridgette Anderson@ENRON
	11/15/2000 12:39 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Contract to extend

Hello Gentlemen,

This is another contract that I have been requested to extend past the
original term of  deal #222899 entered into Sitara.  Again this Counterparty
does not have an executed Master.

Thank you again,
Bridgette Anderson

---------------------- Forwarded by Bridgette Anderson/Corp/Enron on
11/15/2000 12:31 PM ---------------------------

Jeanne Wukasch
11/15/2000 12:15 PM
To: Bridgette Anderson/Corp/Enron@ENRON
cc:

Subject: Contract to extend

Plese extend global contract #96036535      Hays & Company   thru
12/31/2000    and make it month-to-month EVERGREEN.
We need this one ASAP -- call me with questions      281-286-7153


---------------------- Forwarded by Eric Bass/HOU/ECT on 09/13/2000 04:51 PM
---------------------------

Brian Hoskins
09/07/2000 01:04 PM
To: Eric Bass/HOU/ECT@ECT, bthoskins@hotmail.com, Luis.Mena@enron.com,
Amir_Ahanchian@enron.net, Matthew Lenhart/HOU/ECT@ECT, Timothy
Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT
cc:
Subject: Flag Football Schedule

Heat,

I have good news and bad news.  The bad news is that Danny Campbell, our
esteemed Enron Flag Football President, left the company and forgot to
tell us that our first game was...last night.  So we forfeited our first
game.  The good news is that it was against the Raiders, and we probably
wouldn't
have won anyway.

Here is the schedule.  Enron's Team 3 is probably not going to play, so this
means that we'll have some open dates unless they decide to reschedule.
Take note that we're playing in the City League again this fall, but the
location has changed.  We're going to play at Jaycee Park.  Directions are
below.  Sorry about the confusion this week, but I'll see you on the field
next Wednesday night.

Brian

All games are on Wednesday nights at Jaycee Park ballfield
9/6 8:30pm vs. Raiders
9/13 7:30pm vs. Jay Ballers
9/20 8:30pm vs. Organized Confusion
9/27 7:30pm vs. Dawgs (Enron)
10/4 6:30pm vs. Team 3 (Enron)
10/11 6:30pm vs. Raiders
10/18 6:30pm vs. Jay Ballers
10/25 7:30pm vs. Organized Confusion
11/1 8:30pm vs. Dawgs (Enron)
11/8 8:30pm vs. Team 3 (Enron)

Directions to Jaycee Park ballfield (NW)
1300 Seamist @ Grovewood
Go out the West Loop N (610) to W. 18th Street.
Exit W. 18th Steet, go right
Take right on Seamis, follow to the park


- WB-Cstl Jeff 001018.xls


done.

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           03/06/2001 10:54 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Tenaska IV Feb 2001

We do not have a demand fee for the Feb 2001 Tenaska IV sale, deal 384258.
Can you please put this in so I can bill?  From your spreadsheet, it looks
like it needs to be $2,291,888.83, but you can verify.  I subtracted the
agency fee from the Tenaska IV receipt number, since we already have that
booked.

Megan


This is the Los Angeles Times article Mark has been working on...

California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse group of wholesale electricity merchants than suggested by Gov. Gray Davis, who has aggressively blamed a handful of Texas companies, state records show.
During the first three months of this year--one of the worst stretches of power shortages during the crisis--an assortment of public and private entities charged the state prices averaging well above some of those paid to Texas firms, according to documents released to The Times on Monday by the Department of Water Resources, which now buys power for California.
Among those setting and collecting some of the highest average prices per megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas & Electric's parent company, and the Los Angeles Department of Water and Power, the report shows. Their average prices ranged from $498 a megawatt-hour charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292 an hour by the DWP.
In fact, some of the biggest private power companies singled out for criticism by Davis and other state officials--Dynegy Inc., Duke Energy and Mirant--charged less than the average prices the state paid for the period. Those companies' average prices ranged from $146 to $240 per megawatt-hour, according to an analysis of the documents.
The figures cover the various types of spot and longer-term power purchased by the state during three months that included rolling blackouts and more than a month of razor-thin reserves, leading to continuous power emergencies.
Davis spokesman Steve Maviglio said the governor has directed his sharpest barbs at private out-of-state generators because, in general, they have reaped the highest profits over the longest period.
"You have to look at the whole picture," Maviglio said.
"The governor was expressing his displeasure with the arrogance of the generators who wear cowboy hats," he said. "Their profits were 100% to 400% above last year. . . . Just because there are other entities who are charging us more [per megawatt-hour] doesn't change the fact that we are getting ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."
The report by the Department of Water Resources was provided to The Times on the same day the state released 1,700 pages of documents on California's electricity purchases on the volatile spot market for the year's first quarter.
The records detail how the state spent nearly $8 billion buying power in the first five months of the year, and underscore the complexity of the state's energy problem. They also show that patterns of high prices are not limited to a few generators.
Oscar Hidalgo, a spokesman for the water resources agency, said that the reports together show that prices were extremely volatile early in the year. "All the prices were high," he said, noting the downward trend in costs since his agency began buying power in mid-January.
The average price per megawatt-hour for all state purchases went from $316 in January to $243 in May. Spot prices fell from an average of $321 per hour to $271, the reports show.
In the first quarter of the year, some public entities' prices far exceeded those of the biggest private companies. For example, Houston-based Enron, one of the nation's biggest power traders, charged an average of $181 per megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a total of $706 million, charged an average of $225 per megawatt-hour.
By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a megawatt-hour, and the Sacramento Municipal Utility District had average charges of $330 per megawatt-hour.
A spokesman for Enron, Mark Palmer, said recently that the "vilification of Enron was based on politics, not facts." Spokesmen for BC Hydro could not be reached late Monday to comment on its huge sales to the state. In the past, the utility has defended its pricing practices, saying it has offered last-minute hydroelectric power that helped keep California's lights on.
A spokeswoman for Sempra, the parent company of San Diego Gas & Electric, said late Monday the company was unable to comment because it had yet to see the figures released by the state. Officials at DWP, who could not be reached Monday evening, have defended their pricing, saying the costs of producing the power needed by the state were extremely high.
More Power Bought Than Projected
Hidalgo, of the Department of Water Resources, said his agency's efforts, coupled with conservation by business and consumers and falling natural gas prices, have begun to tame the state's market.
Still, the state had to purchase $321 million in power in April and May, about 10% more than Davis' analysts had projected.
Hidlago said that was because of hot weather in May and other supply problems in April. He said reports will show that power purchases fell short of state projections in June and early July.
The reports also will show that prices paid by the state were down in June and July, partly because spot prices have fallen sharply, often to well under $100 a megawatt-hour.
A summary Department of Water Resources report released Monday credited Davis' program of nurturing new power generation and establishing long-term power contracts with with "moving the California electric energy industry closer to normalcy."

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


Both of you met Gary Remy, the new CEO of Datacentric Broadband, at yesterday's YPO meeting.  Datacentric Broadband is a woman owned company that we invested in last year which is developing a last mile solution for wireless broadband access in smaller cities throughout the U.S.  They have done previous work for EBS including providing a link from the Doubletree Hotel to the network for one of EBS' employee meetings.  After yesterday's YPO affair they had another meeting with EBS and McCloud Cellular discussing further business relationships.

We believe that Datacentric Broadband offers a solution that is very valuable in today's marketplace.  Any relationship that can be developed with EBS would enhance the prospects for more rapid development of the Datacentric business plan and I assume would be very beneficial to the success of EBS.  Let me know if we can do anything to move the relationship along if you agree that it is important to do so.

Thanks for visiting with Gary and doing anything you can to help develop a stronger tie between Datacentric and Enron..

Gene


The Approval status has changed on the following report:

Status last changed by:  Automated Administrator
Expense Report Name: November 01
Report Total: $7,131.10
Amount Due Employee: $7,131.10
Amount Approved: $7,131.10
Amount Paid: $0.00
Approval Status: Pending
Payment Status: Pending

To review this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


From: 	Lozano, Melba
Sent:	Tuesday, September 25, 2001 10:45 AM
To:	Crandall, Sean; Alonso, Tom; Fisher, Mark; Mallory, Chris; Richter, Jeff; Driscoll, Michael M.; Badeer, Robert
Cc:	Walker, Chris; Meredith, Kevin
Subject:	END OF MONTH - Tokens - WEST POWER
Importance:	High

Please review the attached schedule for the tokenized products.  Let me know if you agree with the dates set for the tokens.

PLEASE REPLY AS SOON AS POSSIBLE.  so that I can get these set up.

Thanks,
Melba Lozano
713-345-8986
713-646-8511 Fax
713-698-4847 Pager

<Embedded Picture (Metafile)>


Sounds fine

To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Tana Jones/HOU/ECT@ECT

Subject: EnronOnline Counterparty Approval Process

David:

Tana and I would like to talk with you to set up the counterparty approval
process for EnronOnline regarding Australian counterparties (trading
Australian and other products) and Australian products being traded by
non-Australian counterparties.  The EnronOnline people are anxious that Tana
be designated their liaison and we need to figure out what she can do and
what you (or someone else in Australia) need to do as part of this process
going forward.  Any chance you might be available for a telephone
conversation about this at 9:00 am your time (5:00 pm Houston time) today?

Mark


I just faxed the inventory list to Jerry.

Don, do you have a fax number I could send it too?


Successfully, missed another bullet !!!  I have meetings set up with Mariella
(the lady you like) and Dan Castingnola, who are the two highest ranked
performers in CALME, to see if they are interested in joining our team.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/06/2000
05:15 PM ---------------------------
 Office of the Chairman
From: Office of the Chairman@ENRON on 09/06/2000 05:10 PM
To: All Enron Worldwide
cc:
Subject: Organizational Changes

In support of Enron,s continuing efforts to increase its return on invested
capital and direct resources towards our highest return businesses, David
Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enron
APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank
Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts in
a corporate wide effort, to help monetize some of Enron,s assets.  David will
help transition the CALME business activities into other parts of Enron while
working with Mark on the asset monetization projects.  David will continue as
an Executive Vice President for Enron Corp and a member of Enron,s Executive
Committee.  Cliff Baxter will oversee this effort.

Consistent with these changes, the CALME group will be divided as follows.
Enron Global LNG and Enron,s Caribbean Basin activities will become part of
the new Enron Global Markets (EGM) group headed by Mike McConnell.  Rick
Bergsieker, President/COO of LNG will continue in that role and in his dual
role as President/COO of Enron Middle East, which will also join EGM. Shawn
Cumberland, President and COO of the Caribbean Basin unit and his executive
team will carry out the transition process for the Caribbean business unit's
people and businesses as part of EGM.  Management of its Colombia and
Venezuela businesses will transfer to Enron South America and its LNG-related
activities to EGM as described above.

The EES related initiatives and people will be transferred to those units.
All of the various international businesses will participate as usual in the
upcoming budget process with their new alignment and continue to meet their
plan targets for 3rd and 4th quarters.

Concurrently, we are consolidating our trading and merchant activities in
Japan and Australia into Enron Europe.  Joe Hirl and Paul Quilkey will report
to Enron Europe,s Office of the Chairman.

We congratulate David Haug and Rebecca McDonald for proposing these
realignments, which we agree, will maximize both the financial and
intellectual capital in Enron.  Over the coming weeks, specific assignments
and reporting relationships will be determined and communicated.


LADWP, Run By Davis Adviser, Cashed In On Calif Crisis

Dow Jones Capital Markets Report via Dow Jones

   By Jason Leopold
   Of DOW JONES NEWSWIRES

  LOS ANGELES (Dow Jones)--On a single day in June 2000, the Los Angeles
Department of Water and Power, the largest municipal utility in the country,
raked in $5 million selling California surplus power for $1,000 a
megawatt-hour
- about 30 times the average price the utility charged the month before.

  That sale, reported by the California Independent System Operator and
confirmed by the LADWP in an interview last June, was one of many instances
in
which the municipal utility cashed in on California's power crisis.

  On Monday, the Department of Water Resources, the agency that has been
purchasing California's bulk power needs in lieu of the state's
cash-strapped
utilities, released a detailed report of spot-market power purchases showing
the
LADWP charged the state an average of $242 a megawatt-hour for power from
Jan.
18 through May 31 this year. That price is about $35 higher than those
charged
by most of the out-of-state generators Gov. Gray Davis has criticized
repeatedly
as price gougers.

  Potentially embarrassing for the Davis administration, however, is that
the
LADWP was formerly run by General Manager David Freeman, who in April became
Davis' top energy adviser.

  Steve Maviglio, press secretary to Davis, said Texas-based generators are
primarily to blame for the high wholesale prices that crippled the state's
two
largest utilities.

  "Anywhere they wear cowboy hats, they probably have handkerchiefs across
their
face, because they are robbing us blind," he said. "The bad guys are clearly
the
out-of-state generators."

  Freeman's trademark is a white Stetson.

  The former LADWP chief, who last September quipped that a "blind pig could
make money" under California's faulty deregulation setup, didn't return
calls
for comment.

  Freeman took a leave of absence from the LADWP in January to negotiate
long-term power contracts on behalf of the state.

     Power To Sell

  According to the DWR report, the LADWP brought in $331 million selling
power
to the state between Jan. 18 and May 31 this year.

  The LADWP, which didn't take part in the state's deregulation debacle and
which isn't under the jurisdiction of federal energy regulators, also cashed
in
throughout 2000. The utility has 7,000 megawatts of generation capacity but
only
needs about 5,500 MW to serve its retail customers, freeing it to sell as
much
as 1,000 megawatts to the ISO at prices comparable to what the generators
were
charging.

  The LADWP did so well that it was able to pay down $200 million in debt
and
will reduce its customers' rates in 2002.

  "It just shows you that enterprise is where you find it," Freeman said in
an
interview last year.

  Last July, ratings agency Fitch concluded that California's electricity
shortage provided LADWP "an opportunity for the sale of surplus power at
favorable prices which added to the municipal system's coffers."

  According to a report by the ISO, manager of the state's electricity grid,
the
LADWP overcharged California for power from May 2000 through February 2001
by as
much as $20 million. Maviglio said the state will pursue refunds from the
utility.

  On Tuesday, an LADWP spokesman defended the utility's power prices, saying
the
costs of producing electricity were extremely high.

  The ISO has estimated that the state was overcharged nearly $9 billion for
electricity sales in the 12 months ended May 2001. On Monday, settlement
talks
between state officials and generators over the refunds broke down.

  Other municipal utilities, including the Sacramento Municipal Utility
District
and private companies like BC Hydro in Canada, have also racked up enormous
sums
selling surplus power to California at the last minute.

  -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

  (END) Dow Jones Newswires  07-10-01

  1557EDT

(AP-DJ)--07-10-01 1557EDT
:TICKER: EIX PCG SRE
:SUBJECT: EUTL CA COBO MU PETR
Copyright (c) 2001 Dow Jones and Company, Inc.
Received by NewsEDGE/LAN: 7/10/01 12:57 PM


Tom:
I tried to leave you a message about what happened on the last cycle for gas
day 9 but your voicemail at the office didn't work.; Grand Chenere compressor
went down by 100,000MM in total late saturday night.  This affected 20,000 of
supply coming from HIOS and 14,000 SE Transmission pool purchases.  I was
able to make up 15,195 on the 10th. by increasing our HIOS nom and paying
back PG&E.   ANR said the compressor is back up now however with shippers
doing makeup this could cause more capacity cuts for the 12th.  I'll be back
tomorrow, I've got jury duty today.
W&T left me a messge at the office that they went down but they didn't page
me so we were cut 2,982 at SS207 over the weekend;which also cut our SE Tran.
markets.  I've taken them down to 1 unless you'd like to shut them in (
Deal498384).
Mark

713-905-9622 pager

Kirk- Shawn at Duke said he cut us at N.Maumee(ML7) by 1000, see if our Mkt.
wants makeup for 12th.


-----Original Message-----
From:  Khatib, Samer
Sent: Tuesday, March 20, 2001 10:50 AM
To: Nguyen, Margie
Subject: RE: update

xterm -sb -fg blue -T Pmedusa -display @d

 -----Original Message-----
From:  Nguyen, Margie
Sent: Tuesday, March 20, 2001 9:53 AM
To: Hanson, Kristen J.
Cc: Khatib, Samer; Lim, Francis S.; Wong, Jeremy; Dang, Thu; Husain, Karima
Subject: update

Kris,

I just wanted to update you on what Samer has done so far.  Due to an
unexpected urgency of certain projects last week, Samer did not have time to
start working on  the Report 1 until yesturday.  We will update you later
today for the completion of it.  As of Report 2 (report to pull deal # and
delivery point), I sent you the query as well as the data yesturday.  If you
need additional changes on this please let me know.  I am still waiting for
Jessica (Arthur Andersen) to get with me on the details for the Report 3
(TAGG-LISA Reconciliation Report).  Until Jessica forward me all the
necessary information, I will get started on it.  If you have any questions
please call me.  Thanks.

Margie
53706


So you really were working on something and not just making up stories so I'd
think you had a job!!  Authur Andersen has everyone checking up on a certain
Enron subsidiary you might have some interest in.

Talk to ya later,
Robin


Attached are the presentations from the Government Affairs-The Americas dept.
meeting which was held on Friday, December 8.  For those of you who missed
the special presentation for Rick, it is attached for your viewing pleasure
(see luggage).

gngr
713-853-7751


Ben and I can make it.

Kay

From: Marchris Robinson on 03/06/2001 04:30 PM
To: James D Steffes/NA/Enron@Enron
cc: Steve Montovano/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Steven Krimsky/Corp/Enron@Enron

Subject: Re: Tripp Scott Proposed Terms of Engagement

I think we should do a phone conference to resolve the outstanding issues
regarding the engagement of "local lobbying firms" by ENA.  I will schedule a
call for tomorrow at 10:30am (cst).  Please advise if that time works with
your schedule.  Thanks.

Marchris
----- Forwarded by Marchris Robinson/NA/Enron on 03/06/2001 04:21 PM -----

	Kay Mann
	03/06/2001 09:27 AM

		 To: Marchris Robinson/NA/Enron@Enron
		 cc: Christi L Nicolay/HOU/ECT@ECT
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Hi Marchris,

I'm in ENA Legal, and I'm looking for the right person to discuss this with.
Christi Nicholay suggested I get you involved.  Please give me a call at 713
345 7566 to discuss.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 09:29
AM ---------------------------

Ben F Jacoby@ECT
03/05/2001 10:48 AM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Tripp Scott Proposed Terms of Engagement

OK. This guy's a lawyer by training, but we're hiring him as a lobbyist.
Roger was previously looking into this, and proposed our standard form
agreement. Steve and I were wondering if we could work off of Tripp Scott's
proposed form, considering that he will not be representing us as our counsel.

Please let me know.

Thanks,

Ben

Kay Mann@ENRON
03/04/2001 02:27 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Tripp Scott Proposed Terms of Engagement

Ben,

What are these folks supposed to do for Enron?  I had heard a rumor that we
were looking to hire someone to lobby for us on a success fee basis.  Is this
the same deal?  I know on the international side there were hoops to jump
through before such an engagement could be signed off on.  I'll have to check
to see what the drill is on this side of the street.

Kay

	From:  Ben F Jacoby @ ECT                           02/28/2001 12:18 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann
cc:

Subject: Tripp Scott Proposed Terms of Engagement

Per my earlier e-mail, attached is Tripp Scott's form.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 02/28/2001 12:17 PM
---------------------------

Steven Krimsky@ENRON
02/28/2001 09:11 AM
To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: Tripp Scott Proposed Terms of Engagement

As discussed, Roger has no problem engaging Tripp Scott.  He does want to use
Enron's standard 9 page engagement letter in lieu of the attached 2 pager
received from Tripp Scott.  Is this necessary - any thoughts?

Steve

---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/28/2001
09:08 AM ---------------------------

Steven Krimsky
02/16/2001 03:44 PM
To: Ben Jacoby/HOU/ECT@ECT, Roger Balog@ECT, Marchris Robinson/NA/Enron@Enron
cc:

Subject: Tripp Scott Proposed Terms of Engagement

As discussed in Fort Pierce, Tripp Scott is that insurance policy I've been
looking for to help secure the commission vote in Pompano.  Tripp Scott will
also assist us in our door knock campaign in the County & Tallahassee.
Pozzuoli is a mover & shaker and is on a first name basis with Jeb Bush -  he
was the Chairman for the Bush/Cheny Broward County re-count.

Bill Keith & Debbie Orshefsky highly recommends the engagement.

Lets discuss Tuesday.

Steve
---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/16/2001
03:38 PM ---------------------------

"Edward J. Pozzuoli (Paulette R Segal)" <PRS@trippscott.usa.com> on
02/14/2001 01:56:42 PM
To: steven.krimsky@enron.com
cc: TSCS.TSCS-1.ejp@mail4.allegro.net

Subject: Proposed Terms of Engagement

It was a pleasure meeting with you and Debbie on Monday afternoon.  Per our
discussion, enclosed is Tripp Scott's proposed terms of engagement as well as
an abbreviated description of the firm and its key directors.

I look forward to speaking with you soon.

Ed
 - 239299.WPD
 - 239243.WPD


I'm feeling pretty under the weather today, so I'm going to sneak out of here
early - but I haven't yet received the Dow Jones data for today. Instead, I'm
sending yesterday's information. If you need today as well, let me know and
I'll send it first thing in the morning.

Thanks,
Kate


Carol 212.658.8164 - email:  caryl.klein@globalcrossing.com


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 10/27/2000
10:04 AM ---------------------------

Christy Sweeney
10/25/2000 11:07 AM
To: Daren J Farmer/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT
cc: Gary Bryan/HOU/ECT@ECT
Subject: FW: N. Padre 883 gas allocation

Daren and Lauri,

Per Gary, I am forwarding the below percentage split for Spinnaker.  I have
highlighted the split in Blue.

Thank you!!!!

Christy
39050

---------------------- Forwarded by Christy Sweeney/HOU/ECT on 10/24/2000
03:19 PM ---------------------------

Dan McCue <mccue@spinexp.com> on 10/09/2000 10:50:23 AM
To: "'christy.sweeney@enron.com'" <christy.sweeney@enron.com>
cc: "'gbryan@enron.com'" <gbryan@enron.com>, "Bill Young (E-mail)"
<billyoung3@aol.com>

Subject: FW: N. Padre 883 gas allocation

Christy, I think there is a good chance that the information shown below
went to you, or your office.

I would like to get involved in finalizing plans for revenue distribution
for the N. Padre production.  I am certain you are way ahead of me on this
matter.  Spinnaker expects a Division Order Title Opining within a few
weeks.  I also expect the attorney to make some title requirements which
will delay a final Opinion.  In talking with Ranger and The Houston
Exploration Company, they are prepared to receive their gross (shown below)
and be responsible to their respective ORRI owners.

How do you recommend we proceed?  Will HPL pay taxes on behalf of the
parties?

When you get a minute, please call me at 713/759-1770.

Thanks,

Dan McCue
>  -----Original Message-----
> From:  Kenny Orr
> Sent: Wednesday, September 27, 2000 3:38 PM
> To: Kelly Barnes; Dan McCue
> Cc: 'Billyoung3@aol.com'
> Subject: N. Padre 883 gas allocation
>
>
>
> I informed a person at Houston Pipeline Company that the gas volumes
> should be allocated as follows:
>
>
>   State of Texas    21.894500%
>   Ranger     27.336925%
>   Spinnaker    27.336925%
>   Houston Exploration   23.431650%
>


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 05/31/2000 10:31 AM -----

	Carol St Clair
	05/31/2000 10:31 AM

		 To: Helge-J_rgen Beil/FRA/ECT@ECT
		 cc:
		 Subject: Camp Enron Information

Bill:
Could you please fax Arthur's immunization records to the number below?
Thanks.
carol

----- Forwarded by Carol St Clair/HOU/ECT on 05/31/2000 10:30 AM -----

	Michelle Kapfer@ENRON
	05/31/2000 09:42 AM

		 To: Gilda Bartz/GPGFIN/Enron@ENRON, Tamara Jae Black/HOU/ECT@ECT, Paul
Bieniawski/Corp/Enron@ENRON, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly H Boots/HOU/ECT@ECT,
Felicia Buenrostro/HR/Corp/Enron@ENRON, Pam Butler/HR/Corp/Enron@ENRON,
Stephanie Balette Casas/HOU/ECT@ECT, Cindy Cicchetti/HOU/ECT@ECT, Carol
Coats/HOU/ECT@ECT, Ann Sanchez/Corp/Enron@ENRON, Teresa
Smith/Corp/Enron@Enron, Sharon Stringfellow/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Gay
Mayeux/HOU/EES@EES, Sara Davidson/EPSC/HOU/ECT@ECT, Tammy L Drew/HOU/ECT@ECT,
Christine Dinh/HOU/ECT@ECT, Marc Eichmann/Corp/Enron@ENRON, Jay
Ferry/HOU/EES@EES, Brooklyn Couch/HOU/ECT@ECT, Antionette
Forrest/HR/Corp/Enron@ENRON, Nicole Hunter/Enron Communications@Enron
Communications, Mark Courtney/HOU/ECT@ECT, Ross Henning/Corp/Enron@Enron,
George Hernandez/HOU/EES@EES, Donald W Herrick/HOU/ECT@ECT, Jeff
Herrold/Corp/Enron@ENRON, Dalton Hogan/Corp/Enron@ENRON, Julia
Kazibwe/HOU/EES@EES, Carol Jean Marshall/HOU/ECT@ECT, Gay Mayeux/HOU/EES@EES,
Karen D McIlvoy/HOU/ECT@ECT, Kathy McMahon/Enron Communications@Enron
Communications, Karen Myer/GPGFIN/Enron@ENRON, Audrey Pullen/HOU/ECT@ECT,
Mary Perkins/HOU/ECT@ECT, Ray Stelly/ET&S/Enron@ENRON, Edward E
Quin/HOU/ECT@ECT, James Regan/OTS/Enron@ENRON, Beverly F Lakes/HOU/ECT@ECT,
David Rinehart/Corp/Enron@ENRON, Steve Roberts/Corp/Enron@Enron, Deborah
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Lynne Ruffer/HOU/ECT@ECT,
Kathryn Schultea/HR/Corp/Enron@ENRON, Stephanie Sever/HOU/ECT@ECT, Margaret
Bouldin/GPGFIN/Enron@ENRON, Donna Smith/EFS/EES@EES, Sarabeth
Smith/ET&S/Enron@ENRON, Carol St Clair/HOU/ECT@ECT, Luly
Stephens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cynthia
Tang/HR/Corp/Enron@ENRON, Margo Terrell/HOU/ECT@ECT, John P
Tollefsen/HOU/ECT@ECT, Jesse Wang/HR/Corp/Enron@ENRON, Stacy
Weatherly/Corp/Enron@Enron, Pam White/Graphics/Enron@ENRON, Michael
Wu/HR/Corp/Enron@ENRON, Jeanne Wukasch/Corp/Enron@ENRON, Maria
Young/Corp/Enron@ENRON
		 cc: Michelle Kapfer/HR/Corp/Enron@ENRON
		 Subject: Camp Enron Information

Dear Camp Enron Parents,
 Whether your child is currently enrolled or will be in the upcoming weeks
the information below will make camp go even smoother.

 1.  Immunization Records are needed for all campers.
       If you have not already submitted them, please fax these records to
Michelle Kapfer at 713.646.2147.
 2.  Please put your child's name on all belongings that are being brought to
camp.
 3.  Please drop your child off by 8:00 a.m. in the Energizer.  The busses
will be loaded right after 8:00 a.m..
 4.  Please be sure to pick up your child by 5:00 p.m. in the Energizer.
(Remember the $1 per minute after 5pm policy)
 5.  It is not recommended that your child bring any electronic items to
camp. Kidventure and Enron are not responsible for these items.
 6.  It is not recommended that your child bring any money for souveniors
when on the field trips.
 7.  All children MUST be signed in and out every day.  Please be sure that
you check in/out with Brin.

If you have any questions, please give me a call at x37514.

Thanks,
Michelle


Lisa:

As discussed, please highlight those numbers that you disagree with and add a comments section describing why you disagree (i.e,. "per TAGG.....").

Thanks.

Jenny


Schedule to ISDA


FYI.... an updated contact list for the fuel cell project.

Stephen
---------------------- Forwarded by Stephen Plauche/Corp/Enron on 10/26/2000
01:44 PM ---------------------------

Claudette Harvey@ECT
10/25/2000 05:59 PM
To: Stephen Plauche/Corp/Enron@Enron
cc:

Subject: Contact List - Silveroak

per your request.....

claude:)


It seems to me that there have been several issues recently involving data
feeds from measurement.  Regardless of the issue, you all seem to express the
same concern:  a lack of accountability, no sense of urgency.....

I brought this up in Brian's staff meeting yesterday, in hopes to get some
ideas on where to go to get some results.  Rita, I understaood from you that
Gary has returned your call and you are setting a meeting for later this
week.  Please include me in the meeting.  If we don't get what we need, it
was recommended that I talk with Ellis Sturn.  If that doesn't work, Brian
will talk with Rod Hayslett.  Rita:  Prior to the meeting, would you please
coordinate the meeting and agenda, consolidating all issues/concerns?  Yvette
can set the meeting.


Joe,

It was nice talking with you today.  I will be more than happy to keep you up to date on anything I come across.  Please let me know if something changes in your situation.  I have attached a presentation that will show the different types of positions we recruit for.  If you know someone else that may like assistance as well, feel free to pass my contact information along.

Thanks for your time and I look forward to talking to you again in the future!

Taryn Elliott
Executive Recruiter
TIG First Source
713-529-2100 ext 142
elliott@tigfirstsource.com


01/08/01

 BEGINING TODAY, JANUARY 5, 2001 - THE MEETING WILL BE HELD IN EB872.
PLEASE CHANGE YOUR CALENDAR ENTRIES TO REFLECT THIS CHANGE.

Time    Location Call In #  International Call In# Pass Code

10:00 Central Standard Time  EB 872  1-800-713-8600  001-801-983-4017  80435

This is a recurring daily meeting until further notice  (this invitation will
schedule your calendar through 1/31/01).

Time, Call In #, and Pass Code are the same for all meetings.

Note:  Optional Invitees FYI Only

Please call me if you have any questions

Leticia

x-58752


EXECUTIVE SUMMARY
? Senator Keeley Spearheads a New "Plan B"
? State to Offer Little Aid in PG&E Bankruptcy

Keeley's Collective "Plan B"
Sources report that additional details for the Plan B have just been ironed
out on the Assembly side.  The Assembly is working to announce a plan "as
soon as possible"; this announcement could come this afternoon.  If it is not
this afternoon, it will be later this week.   Sources Report the Republicans
were working with Keeley, but then felt shut out of the process, so they
developed a plan of their own (a lightly publicized point last week).
However, sources believe that the Plan B is very likely to have enough
Republican support to pass the Assembly.  The Senate will likely be a much
tougher fight, but opposition to the plan remains pessimistic that they will
be able to stop it.  The Senate appears likely to broaden the base of people
who would have to pay the dedicated rate component, which will be unpopular.
Borrowing from elements of the Joe Nation and Florez "Plan B's," Keeley's new
plan is said to:
? Set up a dedicated rate component for SoCal to deal with part of their
undercollect.  This dedicated rate component would apply more to "high-end
customers."  Where the line would be drawn between who would pay and who
would not is still subject to negotiation.  The size of the dedicated rate
component is also subject to negotiation.  SoCal has suggested $3M for 10 to
12 years.  Note, sources report that at this time, a dedicated rate component
for SoCal to pay for power going forward is NOT included in the Plan B that
will be announced.  The Assembly is not certain whether this additional
dedicated rate component will be needed.  If the bond issuance is enough to
cover the cost of power purchases, no dedicated rate component for forward
purchases will be needed.  By 2003 and 2004, enough additional generation
should be online that power prices should be low.  Therefore, the key
question becomes what will be the cost of power in 2002?  If the cost of
power is high, rates may have to be increased at that time for SoCal to
continue operating.
? The state would make a secured loan (secured against the transmission
assets) to SoCal to pay back the remainder of the undercollect.  This loan
would be paid back by SoCal granting the government a lower rate of return on
the transmission system for a period of 10 to 15 years.  This provides an
incentive for SoCal to sell its transmission system to the state, since it
would not be making as much money from the system.  Were this to happen, the
value would be credited toward the loan.
? In return, the state would receive the withdrawal with prejudice of the
filed rate doctrine case.  Also, SoCal would reduce the price of native power
generation.  Finally, business customers (including those that would have to
pay the dedicated rate component) would have the right to apply for direct
access to power.
If this plan is passed, (better than 50/50 chance -as reported earlier) the
constitutional challenge from Michael Sturmwasser is still likely to go
forward.  This is because Sturmwasser is chiefly concerned with the fact that
the plan results in a retroactive rate increase to pay SoCal's undercollect.
Sources believe it is likely that SoCal will eventually sell its transmission
assets to the state if this plan is passed.  Therefore these assets would
become municipal, making the reduction in the PUC's authority constitutional.

Legislature Leaves PG&E to Throws of Bankruptcy
Today, there have been discussions concerning PG&E regarding "Plan B" and the
legislature.   Currently, the legislature is NOT considering offering
Keeley's "Plan B" solution to PG&E.  If the Plan B mentioned above passes the
Senate, it is more likely that the state will purchase PG&E out of
bankruptcy.  Both the Assembly and the Senate leadership are talking
seriously about purchasing PG&E out of bankruptcy, though the Republicans
remain strongly opposed.  The state then, would likely sell off pieces of
PG&E (except for the transmission assets, which it would retain).


i love you.  thanks for being so sweet.

Prentice Sellers <psellers@Haas.Berkeley.EDU> on 09/14/2000 03:42:40 PM
To: jdasovic@enron.com
cc:
Subject: Re: Dinner Tonight

I can go to your house after dinner.

At 03:09 PM 9/14/2000 -0500, you wrote:

>Needs to know before your parents leave for Mexico, which is tomorrow,
>unfortunately.  I guess I'll be at my house.  You want to stay there, or
>you want to stay at your place?  Either way's OK with me.
>
>
>
>
>Prentice Sellers <psellers@Haas.Berkeley.EDU> on 09/14/2000 03:08:01 PM
>
>To:   jdasovic@enron.com
>cc:
>Subject:  Re: Dinner Tonight
>
>
>OK, I understand.  Are you going to be at your house tonight then?
>
>When does Jeff need an answer about the stumps?  Can we talk about it this
>weekend?
>
>At 02:55 PM 9/14/2000 -0500, you wrote:
>
> >Honey, I really want to come, but my homework is due to my group tonite
>and
> >I haven't even started it.  I love you tons and hope you understand.
> >
> >Please call your mom.  She was a pain on the phone today, saying there's
>no
> >need to remove the stumps at the dome.  Jeff's willing to do ALL THREE for
> >$350.  It's just ridiculous and I am having a hard time haggling anymore.
> >
> >  I love you tons.  And if you want to talk more about dinner, please call
> >me.  I'm sorry, but there's just too darned much to do.  (I think my
>cold's
> >getting worse, not better.  :(
> >
> >
> >xoxoxoxoxox