I recently went through the list and weeded out the ones that don't have
deals under them.  Unfortunately, Enpower contains the CPs for Canada and the
Emissions group, which are sometimes similar names.  Sometimes Europe
attaches CPs by mistake and we have takenf them out also.  Name changes and
mergers also complicate things.  What we do is keep an eye out for the
incorrect CP and try to inform the traders when they are picking the wrong
CP.   Believe me, if the developers could differentiate the CPs in Global CP,
it would be done.  I guess the issue is how much time and money it would
require to change CP to feed just our CPs.  And on APS, they have informed us
that they are still trading under both names until 1/1/01 and credit is okay
with this.  I could go on and on about all the issues, but you get the idea.
Welcome to Enron!

   Kate Symes                11/20/2000 03:59 PM

To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Enpower: Counterparty Name Changes

Hi Rhonda -

I was told you're the person to contact regarding changes in the Enpower
counterparty list. Several items are outdated or have gone through many
different versions, and it's made somewhat of a confusing situation for the
traders and others who do deal entry. My sensitivity to this is heightened
because I'm new to the Deal Control position here at the Portland West Desk,
and I'm still getting used to which names we use and which we don't. Monica
Lande suggested I ask you about it, although she pointed out that if we've
ever booked a deal under any of these counterparty names, then they need to
stay in the system.

I'm wondering if there is any way to weed out some of those extra selections.
For example, Duke and El Paso both have five different names in the system;
Arizona Public Service Company has become Pinnacle; and other names were just
tests that are no longer used.

Please let me know whenever you have a free moment - this is certainly not an
urgent request, and I completely understand if the list needs to stay as is.
Just checking.

Thanks,
Kate


Please review and modify as needed.  Please do not be shy about
adding/changing/deleting.  I would like to conclude this project as soon as
possible.

Robin


Dear Steve, Rick, and Jim,

Thanks for meeting with me last Friday. I appreciate your time and candor.

I'm looking forward to working with you next spring and anytime in the
interim.

Take care,

Doug

Doug Schuler
Associate Professor of Management
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS-533
Houston, TX 77005-1892 USA
office: 353 Baker Hall
tel. 713-348-5472
fax. 713-348-6296
schuler@rice.edu


Shona
 We have had issues in the past with Canada not informing us of all of their
Merchant investments.  For six months we chased Invasion Debt and finally
received enough information to put it on the MPR in August (only after it was
placed in Raptor I).  Also, about six months ago, John Lavorato asked about
an asset called CNR Warrants that showed up on the "hot list" but we were
told by Canada that they were going to sell it so they did not want it on the
MPR.  Today, we were told that Kyle Kitagawa wanted to sell an asset called
Genoil (approx. 4.7 million shares).  Again, we did not know that they owned
this investment.  We have contacted Donna Lowry about Genoil because Beau
Canada is on the restricted list and think Genoil would be, too.
 A trip to Canada may be necessary in order to reinforce our full disclosure
policies regarding the MPR.  Please let me know if I can provide any
additional information.

David M.
---------------------- Forwarded by David Maxwell/HOU/ECT on 09/19/2000 11:45
AM ---------------------------

	From:  Derek Lynn                           09/19/2000 11:44 AM

To: David Maxwell/HOU/ECT@ECT, Adarsh Vakharia/HOU/ECT@ECT
cc: Kyle Kitagawa/CAL/ECT@ECT, Jai Hawker
Subject: Genoil addition to MPR

As a result of a distribution from Beau Canada Exploration Inc. to its
shareholders JEDI I now owns 4,666,667 Genoil Inc. shares (ticker GNO on the
Toronto Stock Exchange) in addition to 7,000,000 Beau Canada Exploration
shares.

Beau Canada owned an interest in Genoil Inc..  In August Beau announced that
it was going to distribute its ownership in Genoil to Beau shareholders.
Each Beau Canada shareholder received 2/3 of a Genoil share for each Beau
share.


Please write up a ticket transferring my CIG and WIC April physical positions
to IM denver.  I will be selling CIG index to Jay at CIG index flat and
buying the 2000/d at CIG index minus .03.  Also, run a report of all my term
index positions at CIG and WIC for the summer, so that we can transfer these
to Jay as well.

Thanks,
Mike


Ted,

Question 1)  The investments in CALME and APACHI are booked on an accrual
basis.  I have had several meetings with Commercial and Accounting
representatives over the last year and all have stated that any earnings are
effectively reinvested back into the Assets.  Therefore, the   Market Values
that are reflected on the MPR are actually Book Values.  The Book Values are
typically adjusted the last week of the month   and are 1 month behind as the
Internation groups wait until the GL is closed before communicating the
updated values.

Question 2)  Thanks for the heads-up on India.  I spoke with Sheila Glover
and we are now aware of the details behind Rediff.com.  We need to ensure
that these positions are not accounted for on the DPR by India so that we do
not double-report the P&L.  The long-term solution is to   establish a
communication line for future investments.  Between Sheila, Donna Lowry, and
I we can develop a plan.

Question 3)  The 3 bonds that you are referencing were purchased by Jeff
Kinneman for Jim Easter.  During our last conversation, Jim told Jeff that
these   are Strategic investments and should not be reflected on the MPR.

There is still some uncertainty/confusion as to when an investment is
classified as Merchant.  We could insist that all publically traded
investments not included in the Equity books would qualify.  Having said
that, I would like to know if the Gas Authority of India, Ltd (GAIL) and
Europe's investment in MG are considered to be Merchant investments.

I will be on vacation this Friday and all of next week so please include
David Maxwell on any responses.  David and I will stay in touch so as to make
adjustments as needed.

Thanks,
Todd

From:  Ted Murphy
06/22/2000 03:07 PM

To: D Todd Hall/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Rick Buy
Subject: Re: MPR for 6/20/00

Mr. Hall,
I have just reviewed the Merchant Portfolio Summary for 6/20 and have the
following questions:
 1) CALME shows an asset of $291.9MM  and APACHI shows an asset of $113.0MM
and they show no p&l for the year
  Is this possible in a world of changing interest rates and equity premiums
and commodity prices?
 2) India recently invested in an IPO (rediff.com) for which there was a
simultaneous DASH to buy and sell (sounds like a Merchant deal).
  Where does this show up?
 3) There are several bonds (publicly traded, registrered securities, housed
in our Prime Broker accounts) owned by various Enron entities
  that I do not believe are on the DPR.  Shouldn't they be? And if so, who is
deciding not to include?
Pls advise at your earliest convenience as you always do.
Thanks
Ted

	From:  D Todd Hall                           06/21/2000 01:16 PM

To: Rick Buy/HOU/ECT@ECT, Andrea V Reed/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT,
Ted Murphy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Carol Jean
Marshall/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT, L'Sheryl
Hudson/HOU/ECT@ECT, Monica Reasoner/HOU/ECT@ECT, Hope Vargas/HOU/ECT@ECT,
Adarsh Vakharia/HOU/ECT@ECT, Joseph W Sutton@Enron, Michael S
Galvan/HOU/ECT@ECT, Maria LeBeau/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Thomas Myers/HOU/ECT@ECT
cc:
Subject: MPR for 6/20/00


Shirley,

It's an IT request for Sandeep.
Please, help.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/08/2001
03:17 PM ---------------------------

SAP Security@ENRON
03/08/2001 02:20 PM
Sent by: Eva Tow@ENRON
To: Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: SRF for Sandeep Kohli: Eva: Remedy 364463

Sandeep,

Your request does not look to be SAP Security related.  Please use the
eRequest to obtain access to the network at itcentral.enron.com.
You may call 713-853-1411 if you need additional assistance.

Thank you,
SAP Security (Eva)

Kohli@mailman.enron.com on 03/07/2001 02:34:11 PM; Sandeep
<Sandeep.Kohli@enron.com> on 03/07/2001 02:34:11 PM
To: Website:SAP Security Request <sap.security@enron.com>
cc:

Subject: SAP Security Request Form

The following request information was recently submitted...

REQUESTOR INFORMATION:

   Business Unit:                ENA
   Cost Center:                  107043
   Company Code:                 0413
   Business Unit for Roles:      ENA
   SAP ID:                       p00504918

GENERAL INFORMATION:

   Supervisor:                   Vince Kaminski
   Supervisor Telephone Number:  713-853-3848
   Employee Name (Last,First,M): Kohli, Sandeep
   Employee Location:            EB 1958
   Employee Telephone Number:    713-853-5188
   Employee Email Address:       Sandeep.Kohli@enron.com
   Job Title:                    Vice President
   SAP User Type:                Enron Employee

   Business Reason:
   I need access to the O: drive, Research subdirectory.

   This subdirectory has information to be shared between
   different members of the Research group.  I need to
   access this for projects we do as a team.

VIEWER ROLES:
   No roles in this area were selected.

FINANCIAL ACCOUNTING ROLES:
   No roles in this area were selected.

PROJECT SYSTEM ROLES:
   No roles in this area were selected.

JOINT VENTURE ROLES:
   No roles in this area were selected.

MATERIALS MANAGEMENT / PURCHASING ROLES:
   No roles in this area were selected.

CENTRALIZED ROLES (LIMITED TO SPECIFIC PERSONNEL):
   No roles in this area were selected.

HUMAN RESOURCES (HR PERSONNEL ONLY):
   No roles in this area were selected.

HUMAN RESOURCES - TIMEKEEPERS:
   No roles in this area were selected.

HUMAN RESOURCES - BENEFITS (BENEFITS PERSONNEL ONLY):
   No roles in this area were selected.

HUMAN RESOURCES - PAYROLL (PAYROLL PERSONNEL ONLY):
   No roles in this area were selected.


octopus (OK-tuh-pus) noun, plural octopuses or octopi

   1. Any of numerous carnivorous marine mollusks of the genus Octopus or
      related genera, found worldwide. The octopus has a rounded soft body,
      eight tentacles with each bearing two rows of suckers, a large
      distinct head, and a strong beaklike mouth. Also called devilfish.

   2. Something, such as a multinational corporation, that has many powerful,
      centrally controlled branches.

[New Latin Octopus, genus name, from Greek oktopous, eight-footed : okto,
eight, okto(u) + pous, foot.]

   "Wipro may be a diversified octopus but the strongest arm of the
   cephalopod is software."
   Sumit Mitra, et al, Software: Cyber Zars, India Today, Mar 15, 1999.

This week's theme: animal words that are used figuratively.

............................................................................
The artist brings something into the world that didn't exist before, and he
does it without destroying something else. -John Updike, writer (1932- )

Q: Tomorrow is my friend's birthday and I forgot to send her a gift. Help!
A: Give the gift of words. Send a gift subscription of A.Word.A.Day at
   http://wordsmith.org/awad/gift.html . It is the gift that keeps on
   giving the whole year long, and beyond.

Pronunciation:
http://wordsmith.org/words/octopus.wav
http://wordsmith.org/words/octopus.ram


Tana,

Jason's e-mail address is attached below.

----- Forwarded by Samantha Boyd/NA/Enron on 09/08/2000 02:24 PM -----

	Samantha Boyd
	09/08/2000 10:38 AM

		 To: "JASON PETERS" <PETEJ@andrews-kurth.com>
		 cc: Susan Bailey/HOU/ECT@ECT
		 Subject: Re: Schedule to Master Agreement - Arizona Public Service Company

	"JASON PETERS" <PETEJ@andrews-kurth.com>
	09/07/2000 07:48 PM

		 To: <samantha.boyd@enron.com>
		 cc:
		 Subject: Schedule to Master Agreement - Arizona Public Service Company

  Samantha,

Attached please find a clean copy of the above-referenced agreement.  It is
ready for execution.  Execution copies should be sent to:

 Kathleen Muller
Senior Attorney, Law Department
Pinnacle West Capital Corporation
M/S 8695  P.O. Box 53999
Phoenix, AZ 85072-3999
Phone:............(602) 250-2584
Fax :.................(602) 250-3393
email:..............kathleen.muller@pinnaclewest.com

Please call me at 713-220-4124 should you have any comments or questions.

Thanks,

Jason

 - Schedule.DOC


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                      Friday, November 10, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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NVIDIA KEEPS CHIPPIN'
Nvidia has overtaken ATI Technologies as the largest maker of
graphic-enhancing chips for desktop computers.

By Mike Trigg

Computer graphic chip maker Nvidia (Nasdaq: NVDA) reported
better-than-expected third-quarter results after the market's
close yesterday, citing market share gains attributable to
original equipment manufacturers' (OEM) and system builders'
rapid adoption of its GPU technologies. The company maintained a
robust growth outlook, expanding out of its core desktop
business.

Nvidia's fiscal third-quarter (ended October 31) net income was
$28.1 million, or $0.35 per share, compared to $10.6 million, or
$0.15 per share, in the comparable period a year ago. The Street
consensus estimate called for the company to earn $0.32 per
share. Moreover, revenues came in at $198.2 million, more than
doubling year-over-year from $97 million. And operating income
grew 142% to $36.6 million.

According to a new study this week by Mercury Research, Nvidia
has overtaken ATI Technologies (Nasdaq: ATYT) as the largest
maker of graphic-enhancing chips for desktop computers. For the
third quarter, Nvidia chips were in 48% of all desktop
computers, increasing more than twofold from a year ago.

Meanwhile, ATI's desktop market share slipped five percentage
points to 34%. However, in the laptop market, ATI expanded its
market share from 29% in the same period a year ago to 57%,
highlighted by new contracts with IBM (NYSE: IBM) and Dell
(Nasdaq: DELL). Despite losing money in the last two quarters,
ATI expects to re-enter the black in the current quarter (ends
November 30). Nevertheless, Nvidia's gains continue to look
impressive in comparison to the competition.

The Santa Clara, Calif.-based Nvidia has made significant gains
winning over longtime ATI customers, including Compaq Computer
(NYSE: CPQ) and Gateway (NYSE: GTW). According to the Street,
the shift has occurred because Nvidia has been more successful
at rolling out improved chips every six months. In a press
release yesterday, CEO and President Jen-Hsun Huang cited its
newest GeForce chip, the GeForce2 Ultra, as cause for its
expanding leadership position.

The other competitive force, 3Dfx Interactive (Nasdaq: TDFX), is
coming off a disappointing July quarter when revenue was less
than half of what the Street expected. The company attributed
the shortfall to component shortages and "competitive and retail
seasonality factors." Similarly, the company announced it would
report disappointing results for the quarter ending in October.

AFTER-HOURS COVERAGE

DELL ANNOUNCES Q3

Direct PC seller Dell announced third-quarter results after the
market's close today, in line with the consensus Street
expectation. With speculation throughout the day looming that
Dell had "juiced" revenue numbers at quarter's end, shares
traded down roughly 6% to close at $28.38. The company also
reconfirmed earlier guidance that called for sales to rise 27%
year-over-year, slightly below the 30% growth the company was
expecting earlier in the year.
FULL STORY>>
http://www.fool.com/m.asp?i=189395
_________________________________________________________________

NEWS TO GO

Guess what? Sexy jeans retailer Guess (NYSE: GES) announced
third-quarter profits after the market's close well below Street
expectations, citing excess inventory and a difficult retail
environment. Guess reported third-quarter profits of $5.6
million, or $0.13 per share, compared to $14.2 million, or $0.33
per share, in the year-ago period. That's well below the Street
consensus expecting $0.36 per share. Inventory levels at
quarter's end were $164.2 million, up from $94.2 million last
year. Total revenue increased 39% year-over-year to $216.4
million. Guess also revised its fourth-quarter outlook, now
calling for earnings to be $0.08 per share to $0.10 per share.
The Street estimate called for $0.36 per share.

Construction and industrial supplies distributor Hughes Supply
(NYSE: HUG) reported that it would miss third-quarter and
full-year estimates. The company expects earnings between $0.75
per share and $0.79 per share, down from $0.87 per share in the
same period last year. The consensus Street estimate had called
for $0.93 per share. Sales for the quarter should come in at
$860 million, about 10% lower than expected. The company expects
full-year sales growth of 9% to 11%, and full-year earnings
between $2.75 per share and $2.80 per share. The
slower-than-expected growth was attributed to commodity pricing
exposure for many plumbing and building materials products.

You learn real good! Computer training company Learning Tree
International (Nasdaq: LTRE) posted solid fourth-quarter and
full-year results after the market's close yesterday. Learning
Tree reported earnings of $9.1 million, or $0.40 per share,
compared to $5.7 million, or $0.26 per share, one year ago.
That's well ahead of the Street consensus of $0.36 per share.
Moreover, the Orlando, Florida-based company pulled in $56
million in sales, increasing 21% from $48.5 million in the same
period last year. For the entire fiscal year, Learning Tree
earned $50.4 million, or $1.65 per share, compared to $14.7
million, or $0.57 per share, last year.

Managed healthcare service provider PacifiCare Health Systems
(Nasdaq: PHSY) reported a significant drop in third-quarter net
income, citing rising medical costs related to the company's
transition from capitated contracts to per-diem, fee-for-service
or shared-risk arrangements with hospitals. The Santa Ana,
Calif.-based company turned in earnings of $5.2 million, or
$0.15 per share, compared to $69.3 million, or $1.54 per share,
in the year-ago period. The Street consensus called for a
$0.07-per-share loss. Results reported for the quarter include a
$3.8 million credit, or $0.11 per share, related to the early
termination of a license agreement. Results for the same period
last year reflected a $1.7 million net charge, or a
$0.04-per-share loss, for impairment and disposition activities.
Revenue were $2.87 billion, increasing 14% from $2.52 billion.

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MsgId:
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-2000)
X-Version: mailer-sender-master,v 1.84
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Message-Recipient: benjamin.rogers@enron.com


Notice No. 01-166
May 18, 2001

TO:
All COMEX Division Members/Member Firms
All COMEX Division Clearing Members
All COMEX Division Floor Traders
All COMEX Division Operations Managers

FROM:
Michael Campanelli, Vice President
Floor Operations / COMEX Division

RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing
Members
______________________________________________________________________________

The expiration date for the June 2001 options contract for Aluminum (OAM1) is
Thursday, May 24, 2001.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized on-line
trade entry (&OLTE8) system trained representative available until released
by the Exchange staff.  All adjustments  and/or corrections, must be
accompanied by relevant supporting documentation prior to being incorporated
into expiration processing, in essence making the expiration processing an
extension of the afternoon trade resolution procedures.

Exchange Clearing (299-2110) and Trade Processing (299-2465 and 299-2044)
personnel will be available to assist with the processing of notices of
Exercise and Abandonment, position transfers, trade corrections and other
questions or problems you may have.

Failure by any Clearing Member or qualified Floor Trader to comply with
procedures as outlined herein may result in severe disciplinary action by the
Exchange and potential financial liability to customers or members for
failure to exercise diligence in the processing of information.

 TRADING FLOOR OPERATIONAL PROCEDURES

Trading in the June 2001 Aluminum Options Contract will cease at 2:10 P.M. on
May 24, 2001.  All Brokers and Traders must inform their Clearing Members of
their intentions to exercise or abandon such Options by 4:00 P.M.

On Thursday, May 24, 2001, all Brokers and Clearing Members must have a duly
authorized, On-Line Trade Entry (&OLTE8) system trained representative
available until such time as the Exchange deems necessary.

NOTE: After 4:30 P.M. all expiring option trade data must be inputted on
special &OLTE8 terminals located in the Trade Processing Room.  Any other
means of submission will be rejected by the Exchange.  Members will be able
to submit all other trade data until 5:00 P.M.

After the Unmatched Trade Reports and the Preliminary Spot Month Matched
Trade Reports are displayed, Clearing Member representatives will be able to
pick up their Preliminary Clearing Reports at the Clearing Department.

A final review of all submissions will be made.  The Supervisor of the Trade
Processing Room will detain only those Clearing Members and/or Broker
representatives involved.  All final corrections will be made at this time
and upon determination of the Supervisor that all option processing is
complete, all representatives will be released.

Exchange Reports based on Thursday,s submissions and processing will be
available on Friday morning May 25, 2001.

In the event that you have any questions regarding the foregoing trading
floor procedures please contact Michael Campanelli at (212) 299-2072 or David
Sherman at (212) 299-2061.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

1. OPEN POSITION CONFIRMATION ("OPC") - The OPC should reflect as accurately
as possible all futures and options gross positions as of close-of business
on the business day prior to expiration.  Review the estimated current gross
positions as shown and make appropriate adjustments.  The OPC must be
submitted not later than 9:00 A.M.

2.   OPTIONS EXERCISE/ABANDONMENT REQUESTS FORM ("E/A") - An expiring option
with a strike price in-the-money by one tick or more will be subject to
automatic exercise unless an Option Abandonment Request form is submitted
advising that a Clearing Member ("CM") elects to abandon some or all of its
position in that strike price (i.e., for the option series).  All other
options series in the expiring month will be subject to automatic abandonment
unless an Option Exercise Request form is submitted.  When submitting an E/A
form, please note the following:

(a) An E/A form must be submitted not later than 5:00 PM.
(b) Do not submit an Exercise form for positions in strike prices which are
subject to automatic
Exercise nor submit an Abandonment form for positions in strike prices which
are subject to automatic abandonment.
(c) If a CM wishes to submit an E/A form to abandon a position in a strike
price subject to automatic exercise or wishes to exercise a position in a
strike price which is out of the money, it is necessary to notify Clearing by
telephone of such anticipated action.  The CM must have an officer available
to confirm such intention.
(d) CMs may secure from Clearing a time-stamped receipt of the CM copy to
assure submission  of the CM's E/A forms.

3. OPTION POSITION REDUCTION REQUEST FORM ("OPRR") - As a general rule,
purchases and sales of option contracts are presumed to be new business.   If
some or all of your purchases and sales are in fact undertaken for position
liquidation purposes, OPRR forms may be submitted on the day of expiration
and will be used in conjunction with trade data to reduce your projected
position in an expiring contract.  OPRR requests in excess of actual traded
volume will be rejected.  Exception: Cabinet trades and cancel correction
trades will automatically liquidate existing positions, therefore do not
submit an OPRR form for cabinet or cancel correction trades.
The OPRR form must be submitted not later than 5:00 PM.

4. HOUSE/CUSTOMER POSITION TRANSFER REQUEST FORM ("H/C") - H/C forms may be
used only to transfer previously cleared contracts between a CM's house and
customer accounts.  Problem trades (those which have not cleared prior to
expiration day) must be corrected using COMEX's on-line trade entry system
under the direct supervision of the Trade Audits Department of COMEX ("Trade
Audits").  The H/C form must be submitted not later than 3:30 PM.

5. EX-PIT POSITION TRANSFER REQUEST FORM ("Ex-Pit") - Ex Pit forms may be
used only to transfer previously cleared contracts between CMs.  Problem
trades (those which have not cleared prior to expiration day) must be
corrected on the on-line trade entry system under the direct supervision of
Trade Audits.  The Ex-Pit form must be submitted not later than 3:30 PM.

 *****
A) At approximately 4:15 PM, two PRELIMINARY reports of the expiration
process will be available for distribution at the NYMEX Clearing Department:

1. OPTION EXPIRATION REPORT AND CONFIRMATION - The purpose of this report is
to project the CM's present position going into the expiration based upon the
transactions which have already been submitted to Clearing.  CMs should
review and modify their adjusted gross positions as of close-of-business on
the business day prior to expiration.  Further adjustments may be submitted
not later than 5:00 PM.  The projected ending gross positions will reflect
transactions accepted or rejected for clearance on expiration night,
inclusive of Ex-Pit, H/C and OPRR transactions which have been submitted to
Clearing prior to 3:30 PM, and trade information submitted to COMEX prior to
3:45 PM.  Normally, this report will also reflect manually submitted Exercise
and Abandonment instructions, the projected number of exercises and maximum
potential assignments for each strike price, the type of exercise (manual or
automatic), whether the strike is In, At or Out of the money, and the
exercise val!
ue!
!
 associated therewith based on settlement prices established by COMEX on the
day of expiration.

2. TRANSACTION LISTING - This listing will include in detail all expiring
option trades submitted to COMEX prior to 3:45 PM on expiration day, and all
H/C, ExPit, OPRR and E/A transactions submitted to Clearing Prior to 3:30 PM.

Please note: Trade information reflected on the option expiration report and
transaction listing are trades submitted only. To inquire whether trades have
matched, each CM must review the trade reports provided by COMEX's On-Line
Trade Entry ("OLTE") system.

B) At approximately 5:30 PM, FINAL reports of the expiration process,
including all submissions to Clearing and trade information submitted to
COMEX made by 5:00 PM, will be available for distribution at the NYMEX
Clearing Department.

C) At 5:45 PM, Preliminary In The Money Abandonment and Out Of The Money
Exercise information will be announced on Fast Facts.

D) At Approximately 7:30 PM, a Final Notice of Exercise/Assignments will be
available in each CM's lockbox located at the NYMEX Clearing Department.
Each CM which has exercised or been assigned one or more options will receive
a separate statement showing exercises and/or assignments for each option
series.  Please check this statement carefully.  Although long options
positions in-the-money by one tick or more will be automatically exercised,
not all short option positions will be assigned if there are any options
manually abandoned at such strike prices.  Please note that there also may be
some at or out-of-the money options being exercised.

E) At approximately 9:00 PM, the final set of clearing sheets will be
available in each CM's lockbox located at the NYMEX Clearing Department.

It is strongly recommended that each CM have a representative(s) that is
properly trained to handle the option expiration process available beginning
at 4:15 PM and who will receive the CM's reports at the specific times.  It
is solely the responsibility of the CM to review these reports and to notify
the Clearing staff immediately of any discrepancies.

To obtain the exact time of the availability for each report, clearing
members should call (212) 513-7405, access code 702.  The announcement time
will occur 1/2 hour prior to availability.

Attached please find a Clearing Member Procedure Summary for ease of
reference.  Please contact John Ramos at (212) 299-2142 (Members 001-500) or
Mel Garcia at (212) 299-2144 (members 501-999) if you have any questions.

OPTION EXPIRATION PROCESSING CLEARING MEMBER PROCEDURE SUMMARY

Time: 3:30 PM
Activity: Expits, H/C transfers, Option Position Reduction and
Exercise/Abandon notices
Event: Submission to Clearing cutoff time.
Notes: Final cutoff for Expits and H/C tranfers

Time: 3:45 PM
Activity: Call Fast Facts to obtain availability time of Preliminary Option
Expiration Reports.
Event: Fast Facts notice of Availability

Time: 4:15 PM
Activity: Preliminary option expiration reports available to clearing members
at NYMEX Clearing Department

Time: 5:00 PM
Activity: Options Position Reduction, Exercise/Abandon notices and Gross
Position Adjustments
Event: Submission to Clearing Cutoff Time
Notes: Final cutoff for Option Position Reduction, Exercise/Abandon notices
and Gross Position Adjustments

Time: 5:05 PM
Activity: Call Fast Facts to obtain availability time of Final Preliminary
Option expiration Reports
Event: Fast Facts notice of Availability

Time: 5:30 PM
Activity: Final Preliminary option expiration reports available to clearing
members at NYMEX Clearing Department.

Time: 5:45 PM
Activity: Call Fast Facts to obtain Preliminary In the Money Abandonment and
Out of the Money Exercise Information
Event Fast Facts notice of information
Notes: New Event

Time: 6:00 PM
Activity: Corrections to previously Submitted Adjustments or Notices
Event: Correction period cutoff time (30 minutes after final preliminary
report is distributed)
Notes: Final cutoff for corrections

Time: 7:00 PM
Activity: Call Fast Facts to obtain availability of final expiring option
position and Exercise/Assignment report
Event: Fast Facts notice of Availability

Time: 7:30 PM
Activity: Final expirating options position and Exercise/Assignment report
available in clearing member's lockbox at NYMEX Clearing Department

Time: 8:30 PM
Activity: Call Fast Facts to obtain availability of final clearing reports.
Event: Fast Facts notice of Availability

Time: 9:00 PM
Activity: Final clearing reports available in clearing member's lockbox at
NYMEX Clearing Department.

Please contact John Ramos at (212) 299-2142 (Members 001-500) or Mel Garcia
at (212) 299-2144 (members 501-999) if you have any questions.

__________________________________________________
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=(01-166)"

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.


Ava,

I need the rest of the on call listings for Contracts, Marketing, Storage, and EDI for the upcoming holiday schedule.  I'm at home under the weather today.  Before I post this I need to know who will be on call for the other groups.

Thanks,

Toby

-----Original Message-----
From: Garcia, Ava
Sent: Wed 12/26/2001 1:16 PM
To: Kuehl, Toby
Cc: Green, Alma; Carrillo, Alma
Subject: REVISION: Oncall Schedule

<< Weekend Sch 12.26.01.doc >>


fyi

> Attached below are electronic copies of the President's memorandum and the
> Secretary of Energy's Order, which we just received, directing PG&E's gas
> suppliers to keep selling gas to PG&E.
>
> The President's memorandum includes two sentences that appear in
> crossed-out form in the electronic copy attached below.  These two
> sentences do NOT appear in the final copy signed today by President
> Clinton, a copy of which we received by facsimile from DOE.  The excised
> text would have kept the President's emergency findings in effect for 120
> days, as PG&E requested.  But the final text, which bears President
> Clinton's signature, does not include that ruling.  (showing us a
> last-minute change made in the White House.)
>
> The short duration of these orders comes as something of a disappointment.
> But we have made history here.  Never before has the Defense Production
> Act been used to address an energy supply shortfall.  And, the Natural Gas
> Policy Act emergency powers upon which the President and Secretary also
> rely have never been invoked before at all.
>
> Now the work begins of contacting the gas suppliers.
>
>  <<President's FindingsRevised.doc>>  <<GasOrder.revised.doc>>
>
>

 - President's FindingsRevised.doc
 - GasOrder.revised.doc


-----Original Message-----
From: Michael Butler [mailto:mabutler@conservetn.com]
Sent: Thursday, January 10, 2002 10:03 AM
To: Greer Tidwell; David E. Jackson; Bruce Newport
Subject: enjoy

 <http://www.bowsite.org/bowsite/menu/NEWS/GETNEWS.CFM?ID=227> Oh Deer
Bowsite.com, a specialty Web site for bow-hunting aficionados, reports on
how a People for the Ethical Treatment of Animals stunt backfired:

For safety's sake, hunters in Ohio are required by law to display at least
400 square inches of hunter's blaze orange on their person when in the
woods. Capitalizing on the fact that hunters do not usually shoot orange,
PETA recently bulk purchased blaze orange vests and have been affixing them
to live-trapped deer in Youngstown suburbs. According to PETA spokesperson
Katie Reese, a total of 405 vests were successfully put into circulation
prior to this week, with additional specimens still being caught and vested.

Youngtown entrepreneur Guy Lockey, of Guy's Outdoors has spit in the face of
PETA by offering rewards for the returned vests this week. Hunters who can
successfully bag a vested deer can pay $5 for random and biggest animal
awards. As of Tuesday, 308 of the vests had already been recorded as bagged
with most of the hunters registering for Mr. Lockey's drawing.

It's so easy, you can see them coming a mile away" said one first year
hunter after checking in his first spike buck.

Michael Butler
Director of Conservation
Tennessee Conservation League
w. 615.353.1133
f.  615-353-0083
c. 615-390-6332


hey,
long time no hear! how have you been? how was the trip?  i had fantastic time
on my cruise. unfortunately, i got back on sunday and it was straight to work
on monday.

i'm assuming you didn't take up permanent residence in Belize, so, if you
didn't, drop me a line.

-e


6/5/2001 Tues

Notice: If any clients or potential clients that are getting duplicate e-mails just reply to this, and let us know and we will remove the extra recaps. If anyone feels that they may be
receiving these in error please kindly reply to have you removed from the list and we are sorry for any trouble we caused you.

IF ANYONE WHO DID NOT GET THE "PDF" FILE ATTACHMENT SHOWING THE THREE YEAR
LONG TERM NUMBERS AND FULL CFTC DISCLOSURE DOCUMENT PLEASE E-MAIL
OR CALL TOLL FREE (800) 773-1713 AND WE WILL RESEND IT RIGHT AWAY

Here were todays trades

"Swing" S/P full size

B 1267.50 open trade 6/4 open equity at close @ 1284.50  "trade still open"
+17.0=$4,250.00
-------------------------------------------------------------------------------------------
E-Mini
B 1267.25 open trade 6/4 open equity at close @ 1284.50  "trade still open"
+17.25=$862.50
-------------------------------------------------------------------------------------------
Mini Nasdaq
S 1829.50 open trade 6/1
b 1858.50 close trade 6/5
-29.0=($580.00)
-------------------------------------------------------------------------------------------
B 1858.50 open trade 6/5 open equity at close @ 1920.50  "trade still open"
+62.0=$1,240.00
-------------------------------------------------------------------------------------------
No Bonds today

Commentary:

Today price action was a nice show of follow through from our forecast of yesterday.We were able to see that the Technical chart formations confirmed what the "System" saw
intra-day.Today In the face of a lot of bearish economic data out, the market pushed forward as a counter trend move. We did have Productivity numbers revised down for the first
quarter showing -1.2%, this was the largest change since 93'. On the technical side we had a update on the "VIX" index showing  21.22 down -1.61 this was still bearish but showing
signs of stabilizing. The volume today was much stronger today in the cash market. And the chip sector saw a big boost in the Nasdaq and that helped propel the high tech market. Fed
futures are now showing a 65% chance of another 1/4% rate cut at the next FOMC meeting and another 24% chance of 1/4% rate cut again in July.

Where do we go from here? The Wave and Fib traders were off on there timing, but they did get to the 1281.00 area today. This was viewed as the top end of the market. Some of them now
are looking at a break above 1283.00 on a closing bases as bullish. This "may" propel to 1293.00 and then to 1298.00. All I can say is since we are long from 1267.50, GOD I HOPE THERE
RIGHT!!! All this will do is lock in a higher profit on our long. What was very interesting to us today was that we had two trend change signals to go short after we took out 1275.00,
and both were moved to higher levels before being cancelled all together then the system just went flat. However on the last up date at 2:30cst we did get a signal to reverse however
that was not hit. We "think" based on the technical and cash data that the system was calculating the last thirty min of the cash market there is a high probability factor that we have
hit a top and we will be short tomorrow on the open.

We do think by no means that going to these higher levels we are on a new bull run. We are and have been for a long time a bear on the long term picture. And its just a matter of time
we "think" will see some ugly moves to the down side. However in the mean time "In Rome do what the Romans do"

For those of you who know me and we have spoken before. Then its no surprise for me to reiterate my (montra) about trading systems that are available to the retail public. Since I was
introduced to "SYSTEM TRADING" back in 1994.00 and have never looked back, I am more convinced that this is the only way to trade the futures markets for long term success. However I
also feel very strong that if anything is good in a computerized non subjective trading program, and that if its going to have any real long term longevity to it, (then why would
anyone sell it?) The fact is from my perspective that anything with real value is kept propritiary or its under management just as our system is.

I found this section in the June edition of Futures magazine, go to page #52 in the middle of the page is a observation from them on tracking systems. And I quote "ALMOST ALL
SUCCESSFUL SYSTEMS THAT WE TRACK ARE LONGERTERM TREND FOLLOWERS OR EXTREMELY SHORT-TERM STOCK INDEX TRADERS. (THE CONSISTENT SHORT-TERM SWING SYSTEM HAS YET TO BE DEVELOPED.) Un quote.
Well folks the fact is yes it has been developed, its just not for sale? I guess traders will just half to settle for being part of a managed acct with us and make some $$$

Here is a example of a client trading two full S/P contracts for the Month of May.
----------------------------------------------------------------------------------------------------------------------

                                              DISCRETIONARY     REGULATED-$

05/02/01 BUY     2 JUN 1 IOM S&P INDEX           1271.00
--------                                       TRNS FEES          61.74
05/02/01 P&S     1 JUN 1 IOM S&P INDEX                         6,575.00
05/03/01 BUY     1 JUN 1 IOM S&P INDEX           1262.30
--------                                       TRNS FEES          30.87
05/03/01 SELL    2 JUN 1 IOM S&P INDEX           1255.50
--------                                       TRNS FEES          61.74
05/03/01 SELL    2 JUN 1 IOM S&P INDEX           1259.00
--------                                       TRNS FEES          61.74
05/03/01 W/T IN    MGN DEP BY W/T                                           100,000.00
05/03/01 P&S     1 JUN 1 IOM S&P INDEX                         1,700.00
05/03/01 P&S     1 JUN 1 IOM S&P INDEX                         3,875.00
05/04/01 BUY     4 JUN 1 IOM S&P INDEX           1266.00
--------                                       TRNS FEES         123.48
05/04/01 P&S     2 JUN 1 IOM S&P INDEX                         3,500.00
05/07/01 SELL    2 JUN 1 IOM S&P INDEX           1265.50
--------                                       TRNS FEES          61.74
05/07/01 SELL    2 JUN 1 IOM S&P INDEX           1266.00
--------                                       TRNS FEES          61.74
05/07/01 P&S     2 JUN 1 IOM S&P INDEX                              .00
05/08/01 BUY     4 JUN 1 IOM S&P INDEX           1264.50
--------                                       TRNS FEES         123.48
05/08/01 P&S     2 JUN 1 IOM S&P INDEX                                          500.00
05/11/01 SELL    4 JUN 1 IOM S&P INDEX           1248.50
--------                                       TRNS FEES         123.48
05/11/01 P&S     2 JUN 1 IOM S&P INDEX                         8,000.00
05/14/01 BUY     4 JUN 1 IOM S&P INDEX           1250.00
--------                                       TRNS FEES         123.48
05/14/01 P&S     2 JUN 1 IOM S&P INDEX                           750.00
05/17/01 SELL    4 JUN 1 IOM S&P INDEX           1292.20
--------                                       TRNS FEES         123.48
05/17/01 P&S     2 JUN 1 IOM S&P INDEX                                       21,100.00
05/21/01 BUY     4 JUN 1 IOM S&P INDEX           1301.50
--------                                       TRNS FEES         123.48
05/21/01 P&S     2 JUN 1 IOM S&P INDEX                         4,650.00
05/22/01 SELL    4 JUN 1 IOM S&P INDEX           1310.00
--------                                       TRNS FEES         123.48
05/22/01 P&S     2 JUN 1 IOM S&P INDEX                                        4,250.00
05/24/01 BUY     4 JUN 1 IOM S&P INDEX           1289.80
--------                                       TRNS FEES         123.48
05/24/01 P&S     2 JUN 1 IOM S&P INDEX                                       10,100.00
05/25/01 SELL    4 JUN 1 IOM S&P INDEX           1280.50
--------                                       TRNS FEES         123.48
05/25/01 GVP FEE   APR CME RB&H G/UP                               3.00
05/25/01 P&S     2 JUN 1 IOM S&P INDEX                         4,650.00
05/31/01 BUY     4 JUN 1 IOM S&P INDEX           1257.50
--------                                       TRNS FEES         123.48
05/31/01 P&S     2 JUN 1 IOM S&P INDEX                                       11,500.00
* * * * * OPEN POSITIONS * * * * * * * * * * * * * * * * * OPEN POSITIONS * * * * *
05/31/01    2      JUN 1   IOM S&P INDEX        1257.50           50.00
  IOM        2*     SETTLE    1257.40  OPEN EQUITY                 50.00*
----------------------------------------------------------------------------------------------------------------

         R E F C O,  I N C.       MONTHLY STATEMENTS STM FOR 31-MAY-01   PAGE   19

  * * * * * * *    U.S. DOLLARS                          ACCOUNT SUMMARY    * * * * * *
  BEGINNING ACCOUNT BALANCE                                                  115,448.69
  CASH DEPOSITS/WITHDRAWALS                                                   99,997.00
  P/L FROM FUTURES TRADES                                                     12,175.63
  ENDING ACCOUNT BALANCE                                                     227,621.32*
  OPEN TRADE EQUITY ON FUTURES                                     50.00
  TOTAL ACCOUNT VALUE                                                        227,571.32*

          **********************************************************************

For those potential clients that are following us one very important aspect of our system is that it feeds on a great deal of data that is transmitted from the cash market. And both
technical and cash data is calculated inorder to confirm trend changes.We have our computer models take a look back every hour on the half hour to re check if any trend changes have
been violated regardless of where the futures are.

What most of the retail public has is no idea that infact all the large firms both equity's and futures have there own (platforms) and there own (systems). Its been proven that as long
as one has a sound trading methodology that is coded and it can be looked and judged over long time frames, this is the ONLY way to make gains that can show year after year. Human
intervention has created more losses in the futures markets than I care to think of. It never fails that I talk to traders every day who pound there chest on what they did "today" but
whats more important is to look at what one has done over lets say a three year time frame. This is the secret for long term success.

On the E-mail that has been sent out in the last few weeks on the new market starting 8/21/2001 "Single Stock futures" This will be very exciting for us due to the fact that we will be
one of the first firms in the country to offer this new market in a Managed program with the underlying trading methodology stemming from computer based models. The large firms will
have access to this market first then the retail public will begin 12/21/2001. As long as there are no problems that surface with the CFTC and SEC then Dec looks good.

For those of you who are not aware of the back ground of our programmers they have a history in the Futures and Equity side of the industry from institutional firms that are all
computer based with there own trading programs.

Again for those traders who are not aware of this market we will be able to trade futures on single stock issues. For example IBM will have a contract that will have 100 shares in a
contract. And that will have a life of 90 days just like the current four trading contract months per year. For more details on this market see details below.

CBOE Create Joint Venture on Single-Stock Futures World's Two Largest Equity Derivatives Exchanges to Create For-Profit Company CBOT to Join With Limited
Stake CHICAGO, May 14, 2001

 - The world's largest options exchange and the largest futures exchange in the U.S. are teaming up to introduce a highly anticipated new product - single-stock futures contracts. The
Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange Inc. (CME) today signed a letter of intent to create a joint venture to introduce single-stock futures, following
approval by the boards of directors of both exchanges. The Chicago Board of Trade (CBOT) has also agreed to participate in the joint venture with a limited stake. Legislation signed
into law in December will allow the introduction of single-stock futures by U.S. financial exchanges later this year, after an 18-year prohibition on the products. "Today's
announcement highlights the innovation and entrepreneurial spirit among Chicago's exchanges," said CBOE Chairman and Chief Executive Officer William Brodsky. "This exciting new
initiative combines the best of securities and futures trading. Our willingness to work together on this venture will ensure that Chicago remains the world's center in derivatives
trading and risk management." "The creation of this joint venture recognizes the tremendous synergies of CME and CBOE, making us a formidable competitor in the global marketplace for
single-stock futures," said CME Chairman Scott Gordon. "Our complementary customer bases of retail and institutional investors will benefit from the efforts of all three Chicago
exchanges to establish deep pools of liquidity in these products." "I am enthused that Chicago's exchanges have worked so well together to understand and address our customers' needs
and our members' concerns," said CBOE Vice Chairman Mark Duffy. "We have designed a product that, I believe, will appeal to our customers, and a business structure that will provide
great benefit to our members." "Our largest customers have emphasized the importance of collaboration between the CBOE and CME to combine the capabilities, distribution and
connectivity of the futures and securities worlds," said CME President and Chief Executive Officer Jim McNulty. "This alliance should also provide the highest level of capital
efficiency for our customers who trade in both futures and options." "The CBOT is pleased to work with the leadership of CBOE and CME in this initiative to bring this exciting new
product to our markets," said Nicholas Neubauer Chairman of the Chicago Board of Trade. "The involvement of our members and the access to our customers will make important
contributions to the success of this venture." The joint venture will be a for-profit company, will have its own management and board, and will be separately organized as a regulated
exchange. Single-stock futures will be traded electronically, and orders may be entered through both the new CBOEdirectTM electronic platform and CME's GLOBEX?2 electronic trading
system. CME and CBOE officials said they are engaged in negotiations with the Options Clearing Corporation (OCC), which clears all CBOE transactions, to clear the new products. McNulty
said the negotiations contemplate CME becoming a special clearing member of OCC to provide access for CME clearing members who are not members of the OCC. The exchanges anticipate
contracting with Designated Primary Market-Makers (DPMs) in these products and expect that the board appointed to govern the joint venture will determine the eligibility criteria,
selection process, rights, privileges and duration of such arrangements. Single-stock futures are expected to bring new efficiencies to securities trading, securities lending and
corporate hedging activities. CME and CBOE officials said they also expect to develop rules that would accommodate block trading and exchange-for-physicals (EFPs). The Chicago Board
Options Exchange created and launched the first listed options on stocks in 1973 and the first index options in 1982. Today, CBOE lists options on more than 1,500 stocks and on over 40
indexes, such as the S&P 500, the Dow Jones Industrial AverageSM, the Russell 2000, the Nasdaq-100, and the S&P 100. It remains the world's largest and most successful options
marketplace. Chicago Mercantile Exchange Inc. launched the first successful stock index futures contracts on the S&P 500 in 1982. Today, CME trades futures and futures options on
indexes including the S&P 500, Nasdaq-100, S&P MidCap 400, Russell 2000, FORTUNE e-50? , S&P/BARRA Growth and Value Indexes, and Nikkei 225, as well as its electronically traded E-mini
S&P 500 and E-mini Nasdaq-100 contracts - the fastest growing products in the exchange's history. CME also trades interest rate, foreign currency and agricultural commodity products.
On November 13, 2000, CME demutualized and became a for-profit, shareholder-owned corporation. CBOE is regulated by the Securities and Exchange Commission (SEC). CME is regulated by
the Commodity Futures Trading Commission (CFTC). Additional information about the CBOE and CME can be found at their respective Web sites: www.cboe.com and www.cme.com.

If anyone who would like to chat in more detail on our CTA managed accts please dont hesitate to call me at toll free (800) 773-1713

Thank you

Jerry Jacobs
C.T.A.

IF ANYONE WHO DID NOT GET THE "PDF" FILE ATTACHMENT SHOWING THE THREE YEAR
LONG TERM NUMBERS AND FULL CFTC DISCLOSURE DOCUMENT PLEASE E-MAIL
OR CALL TOLL FREE (800) 773-1713 AND WE WILL RESEND IT RIGHT AWAY

RISK DISCLOSURE STATEMENT

THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL.  YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.  IN
CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:

IF YOU PURCHASE A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE PREMIUM AND OF ALL TRANSACTION COSTS.

IF YOU PURCHASE OR SELL A COMMODITY FUTURE OR SELL A COMMODITY OPTION YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR
BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION.  IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN
FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION.  IF YOU DO NOT PROVIDE THE REQUIRED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU
WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT.

UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION.  THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A "LIMIT MOVE".  THE PLACEMENT OF
CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A "STOP-LOSS" OR "STOP-LIMIT" ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS
MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.

A "SPREAD" POSITION MAY NOT BE LESS RISKY THAN A SIMPLE "LONG" OR "SHORT" POSITION.  THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS
WELL AS FOR YOU.  THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS.

IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES.  IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES
TO MAKE SUBSTANTIAL TRADING PROFIT TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS.  THIS DISCLOSURE DOCUMENT CONTAINS AT PAGE SEVEN A COMPLETE DESCRIPTION OF EACH FEE TO BE CHARGED
TO YOUR ACCOUNT BY THE COMMODITY TRADING ADVISOR.

THIS BRIEF STATEMENT CANNOT DISCLOSE ALL THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS.  YOU SHOULD THEREFORE CAREFULLY STUDY THIS DISCLOSURE DOCUMENT AND COMMODITY
TRADING BEFORE YOU TRADE, INCLUDING THE DESCRIPTION OF THE PRINCIPAL RISK FACTORS OF THIS INVESTMENT AT PAGE FIVE.

YOU SHOULD ALSO BE AWARE THAT THIS COMMODITY TRADING ADVISOR MAY ENGAGE IN TRADING FOREIGN FUTURES OR OPTIONS CONTRACTS.  TRANSACTIONS ON MARKETS LOCATED OUTSIDE THE UNITED STATES
INCLUDING MARKETS FORMALLY LINKED TO A UNITED STATES MARKET MAY BE SUBJECT TO REGULATIONS WHICH OFFER DIFFERENT OR DIMINISHED PROTECTION.  FURTHER, UNITED STATES REGULATORY AUTHORITIES
MAY BE UNABLE TO COMPEL THE ENFORCEMENT OF THE RULES OF REGULATORY AUTHORITIES OR MARKETS IN NON-UNITED STATES JURISDICTIONS WHERE YOUR TRANSACTIONS MAY BE EFFECTED.  BEFORE YOU TRADE
YOU SHOULD INQUIRE ABOUT ANY RULES RELEVANT TO YOUR PARTICULAR CONTEMPLATED TRANSACTIONS AND ASK THE FIRM WITH WHICH YOU INTEND TO TRADE FOR DETAILS ABOUT THE TYPES OF REDRESS
AVAILABLE IN BOTH YOUR LOCAL AND OTHER RELEVANT JURISDICTIONS.

THIS COMMODITY TRADING ADVISOR IS PROHIBITED BY LAW FROM ACCEPTING FUNDS IN THE TRADING ADVISOR'S NAME FROM A CLIENT FOR TRADING COMMODITY INTERESTS.  YOU MUST PLACE ALL FUNDS FOR
TRADING IN THIS TRADING PROGRAM DIRECTLY WITH A FUTURES COMMISSION MERCHANT.

Global Financial
93 Partridge Dr.
San Rafael Ca. 94901
800 773-1713   fax 415 457-5088


Guys, your teams did a great job managing a very difficult situation with
very few material effects to the organization.  It is noticed and appreciated
please pass on to your organization if you feel appropriate.

Regards
Delainey


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 04/10/2000
05:59 PM ---------------------------

Steven Harris
04/10/2000 02:54 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Gallup One Time Payment

FYI
---------------------- Forwarded by Steven Harris/ET&S/Enron on 04/10/2000
02:53 PM ---------------------------

James Centilli
04/10/2000 02:35 PM
To: Rod Hayslett/FGT/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON
cc: David Foti/ET&S/Enron@ENRON

Subject: Gallup One Time Payment

Please find attached an explanation of how the $2.8M was negotiated from Dave
Foti and myself.  The other file attached is the calculations per the
contracts we executed with ESC and the earnings impact, if we agree with ESC
new one time payment.

 The economic benefit  to be derived from this change may or may not be
achieved, because it is dependent on ESC and TW ability to avoid the peak
demand  charge.  ESC has an obligation in the contract to assist TW in
developing a system to monitor and avoid the peak demand charge.  If ESC
receives this benefit in  the one time payment, TW may lose any leverage we
have.  The demand payment includes full payment of these peak demand charges
with ESC rebating the
 cost on a monthly basis, if these charges are avoided.

 If we need to develop our negotiating strategy before we meet with ESC on
Wednesday, please advise.

 Dave Foti & James Centilli


Mary:
Enclosed is the Counterparty form that we have come up with for Multi-Product
Guarantys.  Depending upon the products that need to be covered, each
Guaranty will need to be modified to make sure that it describes the proper
entities and products.  I will send along the Enron form of this shortly but
please pass this along to the appropriate people in the credit group.

Jeff, Stacy and Harry,
Are you going to change the Physical product form of Guaranty to look more
like this?  Power has changed their form and it may help for us to all be
consistent especially when we are asked to amend an existing Guaranty to
include more products.  If you do decide to amend your form, please send the
new form to credit.

Thanks for everyone's input.

Carol


As was foretold by some of the Kern expansion shippers, these shippers are
justifiably angry about the way Kern has sold capacity in their open season,
particularly as concerns shippers' access to markets on SoCal Gas through
Wheeler Ridge.  However, what's even more encouraging here is to see that
shippers are now validating the message TW embodied in its GIR proposal --
new market entrants should only have secondary rights to SoCal system
capacity in instances where there is a capacity shortage.

Shippers Dispute Kern's Wheeler Ridge Sales
Chevron, Amoco Production, CanWest Gas Supply, Aera Energy and RME Petroleum
have called on FERC to stop Kern River Gas Transmission from overselling
delivery point rights at Wheeler Ridge into the Southern California Gas Co.
distribution system. The Firm Shippers said in comments filed this week that,
in a situation strangely similar to the recent El Paso capacity reallocation
case, Kern River has oversold capacity at Wheeler Ridge, and its proposed
expansion project will only exacerbate the situation (Docket CP01-31).
On Nov. 15, 2000, Kern filed an application to expand its system and provide
74,500 Dth/d of additional delivery point capacity at Wheeler Ridge into
SoCal Gas. But Firm Shippers claim recent data provided by Kern and SoCal Gas
indicates Kern River already has sold more than the 450 MMcf/d of firm
delivery point capacity it has available into Wheeler Ridge. Firm Shippers
told FERC. Kern River has sold 468.4 MMcf/d of capacity at Wheeler Ridge.
Not true, says Lynn Dahlberg, Kern's manager of marketing. "We have to date
subscribed at 450,000 dth/d. And unless we subscribe at more than 830,000
dth/d, we have not sold more capacity than SoCal has takeaway." The combined
Kern-Mojave lines can deliver on a firm basis 600,000 dth/d, with Kern having
450,00 and Mojave 150,000. "We can move more than that capacity, and we
have," she added.
SoCal Gas has noted that it curtails nominations from Kern on a regular
basis, Shippers said. With the proposed expansion project, Kern will be
"creating the same type of firm delivery point over-sale situation that the
Commission found to be unjust and unreasonable on El Paso Natural Gas at El
Paso's SoCal Gas/Topock delivery point," they added. While they support the
expansion, they do not want to see their firm delivery rights in Southern
California degraded. They also complained that Kern's marketing affiliate is
one of the primary beneficiaries of the proposed additional access to Wheeler
Ridge.
Dahlberg conceded that other interstate lines also deliver to the Wheeler
Ridge point, but "adding more players to Wheeler gives markets on SoCal more
supply options. Shippers have to compete."
The shippers are concerned, however that "substantial benefits under the
currently structured proposal accrue primarily to Kern River and its
affiliate and would restrict the firm rights of existing shippers...." The
Commission should prohibit Kern from selling additional firm rights at
Wheeler Ridge, or provide only rights to secondary and tertiary capacity
[emphasis added] that is of a lower priority than the rights of existing firm
customers, they said.


I forwarded a request to Russell for the credit worksheet on 11/08.  No
response to date.  I will forward our master to them once I get the credit
worksheet.

	Jeffrey T Hodge
	11/16/2000 01:24 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Cyndie Balfour-Flanagan/Corp/Enron@ENRON
		 Subject: UGI Utilities Contract

Dan:

Please handle this.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 11/16/2000 01:23 PM -----

	Cyndie Balfour-Flanagan@ENRON
	11/03/2000 01:56 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT
		 Subject: UGI Utilities Contract

Okay, I wasn't sure who to route this to, but one of our traders gave Claire
Neri at UGI my name and number to help with information about our contracts.
As it turns out, we do not have a Master Contract with UGI but have a firm
term deal  attached to a GTC (Deal #345010, running from 11/1/00 - 3/31/01,
5380 MMBTu/day @ $4.78, meter #103702 on ANR).

UGI's hope is to get a Master agreement in place ASAP to cover the above
mentioned deal & any new inter gas deals (since she sent their master, I'm
assuming that their intent is to put their master in place ASAP). Claire Neri
can be reached at 610-796-3505 for additional information of
changes/negotiations.

Note: UGI is also an EOL "Investment Grade" counterparty for non-Texas natual
gas.

---------------------- Forwarded by Cyndie Balfour-Flanagan/Corp/Enron on
11/03/2000 01:38 PM ---------------------------

"Neri, Claire J." <cneri@ugi.com> on 11/03/2000 01:06:01 PM
Please respond to "Claire J. Neri" <cneri@ugi.com>
To: "Cindy Balfour-Flannigan" <cbalfou@enron.com>
cc:

Subject: Contract

Cindy, Thanks for your help. - Claire
 - ugimaster.doc


STEVE KEAN

Executive Committee Weekly Meeting

Date:  Tuesday, May 29
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf. Call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984) or
  Suzanne Danz (713/853-6440) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

Yes, I will attend in person  ___X___

By video conference from  ______

By conference call   ______

No, I will not attend   ______

Please return this e-mail to me with your response by 12:00 p.m., Friday, May
25.

Thank you,
Suzanne


PRETTY POWERFUL...THANX...

LISA

-----Original Message-----
From: Thome, Jennifer
Sent: Thursday, June 20, 2002 9:46 AM
To: Thompson, Virginia; Gang, Lisa; 'stephen.thome@ubswenergy.com'
Subject: FW:

-----Original Message-----
From: Turner, Maricar [mailto:MJTurner@caiso.com]
Sent: Thursday, June 20, 2002 9:41 AM
To: Schultz, Janelle; Anna Francis (E-mail); Cheryl Wolfersberge (E-mail); Debbie Chambers (E-mail); Dee Turner (E-mail); Thome, Jennifer; LaShawn Salery (E-mail); Michelle Copland (E-mail)
Subject: FW:

-----Original Message-----
From: Khatri, Meghna
Sent: Thursday, June 20, 2002 9:36 AM
To: 'nileshk73@hotmail.com'
Cc: Karuna Gupta (E-mail); Ketan Pardiwala (E-mail); Kusum Pardiwala (E-mail); Turner, Maricar; Nimita Chachra (E-mail); Suresh Pardiwala (E-mail)
Subject: FW:

Maybe God wants us to meet a
few wrong people before meeting
the right one so that when we finally
meet the right person, we will know
how to be grateful for that gift.

When the door of happiness closes,
another opens, but often times we look
so long at the closed door that we don't
see the one which has been opened for us.

  <http://www.funnygreetings.com/camel5/door_carpet_md_wht.gif>

  <http://www2.flowgo.com/images/bt/trans.gif?page_id=10005>

The best kind of friend is the kind you
can sit on a porch and swing with,
never say a word, and then walk away
feeling like it was the best
conversation you've ever had.

It's true that we don't know what we've
got until we lose it, but it's also true
that we don't know what we've been
missing until it arrives.

Giving someone all your love is never an
assurance that they'll love you back.
Don't expect love in return; just wait
for it to grow in their heart.
But if it doesn't, be content it grew in yours.

  <http://www.funnygreetings.com/camel5/heart.gif>            <http://www.funnygreetings.com/camel5/heart.gif>

It takes only a minute to get a crush on someone,
an hour to like someone, and a day to love someone,
but it takes a lifetime to forget someone.

Don't go for looks; they can deceive.
Don't go for wealth; even that fades away.
Go for someone who makes you smile because it
takes only a smile to make a dark day seem bright.
Find the one that makes your heart smile.

There are moments in life when you miss someone
so much that you just want to pick them from
your dreams and hug them for real.

  <http://www.funnygreetings.com/camel5/hug.gif>

Dream what you want to dream; go where you
want to go; be what you want to be,
because you have only one life and one
chance to do all the things you want to do.

Always put yourself in others' shoes.
If you feel that it hurts you,
it probably hurts the other person too.

The happiest of people don't necessarily
have the best of everything;
they just make the most of everything that
comes along their way.

The brightest future will always be based
on a forgotten past, you can't go on well
in life until you let go of your past
failures and heartaches.

When you were born, you were crying and
everyone around you was smiling.
Live your life so that when you die,
you're the one who is smiling and
everyone around you is crying.

  <http://www.funnygreetings.com/camel5/woman_rocking_baby_md_wht.gif>

(just a reminder!!!)

  _____

  _____

Download exciting Logos <http://in.mobile.yahoo.com/106/>, Picture Messages <http://in.mobile.yahoo.com/108/> & Ringtones <http://in.mobile.yahoo.com/tune/christmas0.html> for your mobile phone new <http://in.yimg.com/i/in/new2.gif>


Steve,

I don't know if you're checking your e-mail while you're out, but I wanted to
let you know how very sorry John and I were to hear of your loss.   You and
your family are in our thoughts in these difficult times.  If your dad was
anything like you, I know he will be greatly missed by many friends and
acquaintances.

Elizabeth


Steve;

Just a few last minute questions:  as regards MD pre-ratings,  at present
only 32 of 81 MD,s are pre-rated; 49 are not.    Do you want them placed on
the screen in their pre-rating category?  Do you want all MD,s prerated?  If
so we,ll need to chase up with the various BU,s.

As regards Accomplishments, only 24 of 81 MD,s have completed the
accomplishments section, 57 have not.

Finally, do you want the MD meeting to comprise two sessions i.e. Commercial
and all other Peer Groups (as at yend), or do you want separate sessions?
Likewise, we can set the system up in all combinations, and you can decide on
the day of, if that suits you.

Look forward to hearing from you at your earliest convenience.  Gina


$450 bid

 -----Original Message-----
From: 	Griffith, John
Sent:	Wednesday, October 24, 2001 9:08 AM
To:	Titus, Matthew; Figueroa, Chris
Subject:

Check out this jacket

http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1022760796


Chuck:  We are getting the package together for you.  Sara

"Charles O'Brien" <CHUCKO@statoil.com> on 04/20/2000 06:21:21 AM
To: sshackl@enron.com
cc:
Subject: ISDA documents

Sara,

     Any progress on getting a guaranty, legal opinion and a corrected
certificate of the secretary for me?  I will forward the executed master to
you with my attached docs once I receive these docs from you.

Thanks
Chuck


Mike,

Here is my first pass at midyear reviews.

Let me know if you want me to draft something for Monique.  I will make sure that Matt Smith and Jason Wolfe are reviewed appropriately.  That just leaves Susan.

Phillip


Introduction
Yesterday afternoon I met with executives from Columbia of Ohio, the Ohio
Manufacturers Association and Honda of America Manufacturing and discussed a
property tax bill that COH, EOG, Ohio's Counties and the schools wish to
introduce tomorrow through the Senate Ways and Means Committee.  They are
expecting their sponsors to be Senators Blessing and Motley.  They may also
concurrently introduce the bill through the House Public Utilities Committee
through Chair Lynn Olman or David Goodman.  Columbia expects the first
hearing to be May 2nd.

When asked why the hurry...COH is in litigation concerning disparate
treatment as it relates to taxes (they are currently in the Ohio appellate
and believes if this bill goes forward they will be able to reach settlement
with regards to the litigation before the court of appeals).  The Judge is
expected to come out with a ruling in May.  However,  if this legislation
looks promising Columbia may very well reach settlement with the
counterparties on the litigation prior to the courts ruling.  (I believe the
counterparty is the Ohio schools)

I asked who they have discussed the bill with at this point and where they
felt each party stood.  Columbia said they have talked with Senator Finan
(President of the Senate) (no problem of course), Rob Tongren, Ohio's
Consumers Counsel (but they haven't met with the OCC staff to go over the
detailed analysis of impacts based on revenue class), they have sent a copy
over to the PUCO, Cinergy (who didn't think they had a problem) took it back
for review, the IEU (Industrial Endusers of Ohio)  said they weren't overly
pleased but didn't say they would get in the way, the counties and the
schools.  They have not discussed this with DP&L.  COH and EOG do not play
well in the sandbox with DP&L and didn't feel they needed to give them a
heads up.  COH also met with the Department of Taxation.  Although the Tax
Department did not have any particular concerns as of yet they were concerned
about what the electric utilities would want to do in light of what the gas
utilities would have as a result.

The Bill
The bill only addresses property tax which is based on rate base revenues.
It does not address gross receipts tax.  At first glance and after my
follow-up discussions with Columbia I would say that the bill does not have
any disparate treatment between transporting customers and those on system
supply. Any tax or corresponding base rate reduction would be treated the
same for sales and transport.  With that said , there is a base rate impact
on different classes of customers and each utility will be effected
differently due to the fact that they customers contribution to base rates
revenues and allocation methodologies.  Below please find the impacts as
suggested by Columbia:

Rate Class	Columbia of Ohio (total yearly $ impact)	East Ohio Gas
		new rate per mcf 	Cinergy
			Do not have Cinergy numbers as the computations were not provided
Residential	 decrease ($.67) per year	increase $.1532/mcf	increase
Commercial/GTS	increase $9.59 per year	increase $.0892/mcf for usage of up to 2000
mcf per year	COH wasn't sure but felt it would most likely be an increase
Industrial/LGTS	increase $2,937.91 per year	decrease (industrials that use over
2000 mcf over what they are currently contributing
		but a rate of $.0650	decrease
Large Industrials with whom Columbia has flexed its distribution rates to
$.25/LGTS	increase: none
	Columbia will flex their rates down to $.13 to compensate for the tax
increase so the impact is zero	$.02/mcf for flexed rate customers	decrease

Columbia of Ohio and East Ohio Gas represent roughly 80 % of the states gas
volumes.  Rough estimate:  with the reduction in the property tax rate from
88% to 25% this represents approximately $34 million dollars to Columbia
based on their 1994 case in which their base rates were set and their tax
obligation was roughly $53 million approx.)Section VIII of the bill discussed
the corresponding reductions in base rates that will be made and discussed
the allocation.
If and when the legislation goes through,  COH and EOG would file schedules
with the PUCO.  If the bill is passed as written the rate reductions would be
effective 1/1/01 and the tax would become effective 7/1/01.

For risk management and deal structuring purposes we will want to watch the
bill carefully, as any changes made to allocation methodologies could have an
impact on our business going forward.   In addition,  the bill originally has
language that address the gross receipts tax on commodity in Ohio and we will
want to make sure the utilities do not change their mind and insert gross
reciepts language back in.

I will be sending the supporting documents to Howard Petricoff, Dayem
Khandker, Dennis Benevides, and Paul Tate.  If you do not receive a copy of
the bill or the computation sheets and would like a copy, please give me a
call and I will send them.


First, Kay, you are appointed to set an amount we can spend each
week.  I CANNOT SAY NO, and probably Neil is not much better.  The past two
weeks, I have called back to the museum and had them send me two of the more
expensive things $20+ to save for his birthday.  Yesterday, he wanted to
know how much money we had.  I told him $10.00.  His solution:  "Let's put
your $10 with Mom's money and Dad's money, and then we can buy the..."  His
friends in the gift shop are no help as they point out how educational all
this stuff is.  Anyway, it's your money so you should set the limit.  For
his birthday, I bought him the big I Dig for Dinosaur kit and also a
paleontology outfit--vest, pants, shirt.  He had a fit over it.  I now have
to find one of the straw hats he loved, but that went with another outfit.

Also, I cannot describe his "change" except as an explosion.
Formerly, he would run from dinosaur skeleton to skeleton over and over and
not spend much time at each.  Now, he studies each fossil, and he can tell
you the name of every fossil, every everything.  You would be amazed.  He
knows the name of everything there, and if he doesn't know, he gets me to
read about it.  I could not remember all that stuff if my life depended on
it.  He studies the small things--not just the huge skeletons.

Anyway, let me know.  You are going to die when you see him in the
paleontology outfit.  He thought it was about the coolest thing he's ever
seen.
++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


Start Date: 12/18/01; HourAhead hour: 9;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121809.txt


Lloyd and I will be assembling a team soon.   All discussion should go through Lloyd.

 -----Original Message-----
From: 	phil.j.crosby@accenture.com@ENRON [mailto:IMCEANOTES-phil+2Ej+2Ecrosby+40accenture+2Ecom+40ENRON@ENRON.com]
Sent:	Friday, July 06, 2001 6:29 PM
To:	Presto, Kevin M.
Subject:	RE: Plan to Refine Competitive Markets Trading Assessment

Kevin,

We have not met personnally however I was in the meeting a couple of weeks
ago where Accenture, Lloyd Will and Steve Nat presented recommendations
related to building systems capability to support East Desk trading growth.

I spoke to Lloyd today regarding his approach below for obtaining
additional business ownership associated with that plan. I wanted to see if
you had any specific business personnel in mind to be involved in this
process. If so, I wanted to pass that onto my guys to make sure they were
focused on getting the right people involved in the process.

Thanks for your input,

Phil Crosby
Accenture - Partner

Lloyd.Will@enron.com
07/06/2001 12:48 AM EST

To:   IMCEANOTES-phil+2Ej+2Ecrosby+40accenture+2Ecom+40ENRON@enron.com,
      Madhup.Kumar@enron.com, Steve.Nat@enron.com, Kevin.M.Presto@enron.com
cc:   Mani V. Vadari@Accenture, Michael R. Templin@Accenture
Subject:  RE: Accenture Plan to Refine Competitive Markets Trading
      Assessment

I'm on the road and will not be available until next Tuesday at the
earliest.

For us to finish this work we need to have the front line customers in a
room for a day or two and review your initial findings.  So far accenture
has done all of the work with each of us in isolation and this has lead to
us being further apart rather than leaving us with a common vision to start
from.

I do not feel that accenture is ready for Kevin at this point however his
number is 713-853-5035 if you want to call him after 3:00 but I believe he
is out this Friday.  I'm available by cell at 713-806-6294 if you want to
discuss.

For both tracks below Enron needs to create our team that will own and
drive this work and this will take a little time as indicated in the
meeting.  What we need is for accenture to finish the initial evaluation
and work with us on the possible solutions and the effort required.  Once
this is done an Enron team will be able to review the report and costs to
complete our own evaluation.

The recommendations on what we do next will be coming from an Enron team.
For these projects to be successful we need to have customer commitment or
they will fail.

This was the initial intent of bring you in no more no less.

    -----Original Message-----
   From:   phil.j.crosby@accenture.com@ENRON

[mailto:IMCEANOTES-phil+2Ej+2Ecrosby+40accenture+2Ecom+40ENRON@ENRON.com]

   Sent:   Thursday, July 05, 2001 1:42 PM
   To:     Will, Lloyd; Kumar, Madhup; Nat, Steve
   Cc:     mani.v.vadari@accenture.com; michael.r.templin@accenture.com
   Subject:  Accenture Plan to Refine Competitive Markets Trading
             Assessment

   All,

   Attached is a little more detail around the approach to refine the
   program
   plan associated with the Competitive Market Trading Assessment work.
   Please take a look and let me know if you have comments. I would like to
   begin execution of the plan next Monday when Mani Vadari and Mike
   Templin
   are in Houston.

   Essentially there are two tracks.

   1. Near Term Program Development - The first track involves reviewing
   the
   initial recommendations developed over the past weeks with the business
   and
   also confirming the near term capabilities/projects which they believe
   we
   need to focus on. The main objective here is to make sure we are in
   sync.
   with the near term business needs and are able to link the projects very
   specifically to those needs. I also want to make sure that the business
   buys into the initial recommendations and is able to articulate the
   benefits. If they don't we probably need to refine the recommendations.

   2. Confirm Longer Term Program - The second track is to reconcile the
   the
   longer term plan developed by the team with the near term priorities
   defined in Step 1, as well as break the longer term initiatives into
   more
   incremental components. I also wanted Mike Templin to investigate in
   more
   detail how the incremental EnPower Trading architecture migration would
   work (per Madhup's healthy scepticism).

   Lloyd, I wanted to make sure that Kevin is on board with this approach.
   Is
   it possible to set up a meeting tomorrow (Friday) with him to discuss
   his
   perspective?

   Regards

   Phil Crosby
   Accenture

   (See attached file: EnronPriorities3.PPT)
    - EnronPriorities3.PPT << File: EnronPriorities3.PPT >>


Yes, and I would you and I to chime in as well.


It was good to talk to you live.  I miss our chats, but this is the wrong
time and place to discuss that.  Please do not fret at all about not asking
me to stand up.  For what it is worth I didn't ask you either.  I think you
are correct it would have been akward for both of us.  This week is a time
when you need as little stress as possible to cope with al the people that
are pulling at you.  So you know, do not worry about us, we are there to
celebrate with you and meet your family.  Take care of the other high
maintenance people, because you will be suprised how many there are.  Try and
relax and enjoy it.  I am looking forward to seeing you in that dress.  See
you soon.
PL

rachel.m.bonilla@ac.com on 10/09/2000 03:28:50 PM
To: Phillip.M.Love@enron.com
cc:
Subject: Re: hotel

Hey Phillip, I am in the office now...but will be leaving soon and will not
be working the rest of the week.  We should chat live.  But...as for as
Friday goes...I am giving each room a guest box.  And in the box is a
map/tour guide of things you can do.  The luncheon....well, other than my
brother (and not totally sure he is coming...but will know tonight) you are
the only guy invited...and Ashely of course.  If you were a girl (which I
am happy you are not) you would be in my wedding party....and the lunch is
a way to say thanks to those close to me.  If you and Ashley can't come b/c
Grandma, etc....I totally understand.  Please do not feel obligated.  But,
can you please let me know...I have to give the restaurant a head count.  I
am still working on Thursday night.  BUT....worst case...check with the
front desk.  I will leave where we are, or what the plans are if in fact I
am not there.  I'll try and call you tonight.  OK..I am not nervous...but I
am losing my mind right now!!  Too many things to do!!!  Anyhow...did want
to let you know that I really thought about having you in Jason's wedding
party....but then thought it might not be the most appropriate.  Might have
been a little weird.  Just wanted to let you know that I did think about
you.

Rach

Rachel M. Bonilla
Andersen Consulting
North American C&HT
Denver - Octel 359/6017 - Direct Dial (720) 359-6017
rachel.m.bonilla@ac.com

            Phillip.M.Love@enron.c
            om                            To:     Rachel M. Bonilla@Andersen
Consulting
                                          cc:
            10/09/2000 08:39 AM           Subject:     Re: hotel

I don't know if you are working any this week, but I will send an email any
way.  We were wondering what there might be to do in Denver on Friday?
Since we have all day, are there musuems or things unique to Denver to see?
I know there is some luncheon on Friday, is that for couples or just girls?
Wasn't really sure.  We get in about we land on Thursday at 5 p.m. and her
grandmother lands at 6 p.m. so we should be at the hotel by around 6:45.
Should we call your room or meet you somewhere?  Talk to you soon.
PL


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Don't talley the votes yet. I can't access the internet from work, have to wait til I get home.

______________________________ Reply Separator _________________________________
Subject: RE: FW: How many do you know?
Author:  "Joe Ramirez" <jramirez@othon.com> at INTERNET
Date:    1/30/02 1:54 PM

Like I said, I knew Ricky would get all of them. Now was that all of them
on
the first try? If so, John your reputation is now on the line.

-----Original Message-----
From: siva66 [mailto:siva66@mail.ev1.net]
Sent: Wednesday, January 30, 2002 12:49 PM
To: Richard Smith; Ricardo Mihaly; Mark Molnar; Kevin Crawford; John R Riches; Jerry Portele; Ernie Martinez; Ernie Martinez; Dutch Quigley;
Curtis
Burnett; Brian Gibson; Brian Dunlavy; Joe Ramirez
Subject: Re: FW: How many do you know?

10 bitches!

---------- Original Message ----------------------------------
From: "Joe Ramirez" <jramirez@othon.com>
Date: Wed, 30 Jan 2002 10:50:31 -0600

>I am sure that many of you will get them all right on the first
try. On my
>first try, I got eight (8) of them correct. That number will
surely be beat
>by either John or Ricky.
>
>
>   Subject: http://www.chilliman.com/beer_labels_frame.htm
>
>
>
>  http://www.chilliman.com/beer_labels_frame.htm
>
>
>
>
>
>
>
>
>
>
>
>
>

________________________________________________________________
Sent via the EV1 webmail system at mail.ev1.net


That's a good point.  I think all of the data on the spreadsheet represents
retail sales.  However, we have also been asked to provide data on wholesale
transactions.  EES does about 95% of its wholesale business with EPMI.  What
are your thoughts on disclosing data relevant to the 5% of the wholesale
purchases that are not with EPMI?

From: James D Steffes@ENRON on 11/01/2000 04:46 PM
To: Mike D Smith/HOU/EES@EES
cc: Susan J Mara/SFO/EES@EES, Richard B Sanders/HOU/ECT@ECT
Subject: Updated Excel Chart

Mike --

Before we send this in, I want to make sure that EES is submitting "retail"
transactions clearly jurisidictional to the CPUC.  Your note says that EPMI
will not be turning over similar wholesale data.

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/01/2000 04:44 PM -----

	Susan J Mara
	11/01/2000 02:43 PM

		 To: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Updated Excel Chart

Jim and Jeff
I received this from Mike Smith.  He also called me.  I haven't been in the
loop on this stuff and am not sure what to do with it.
----- Forwarded by Susan J Mara/NA/Enron on 11/01/2000 12:37 PM -----

	Mike D Smith@EES
	10/31/2000 11:35 AM

		 To: Susan J Mara/NA/Enron@Enron
		 cc:
		 Subject: Updated Excel Chart

---------------------- Forwarded by Mike D Smith/HOU/EES on 10/31/2000 01:33
PM ---------------------------

	Enron Energy Services

	From:  Mike D Smith                           10/30/2000 09:11 AM

To: mday@gmssr.com, Susan J Mara/SFO/EES@EES
cc: Richard B Sanders/HOU/ECT@ECT, Gfergus@brobeck.com, Richard
Shapiro/NA/Enron@Enron, James E Keller/HOU/EES@EES, James D
Steffes/NA/Enron@Enron
Subject: Updated Excel Chart

PRIVILEGED ATTORNEY CLIENT COMMUNICATION

Mike and Sue--attached is the Excel spreadsheet of EES/EEMC trading info that
we are considering turning over to the Cal PUC in response to the Subpoena.
EPMI will not be turning over similar wholesale data, at least not at this
point.

In that you have done much of the EES retail regulatory work in California,
please let me know if you see any regulatory implications in turning over
this info.  It seems to me that by doing so we would be at least tacitly
admitting to the jurisdiction of the PUC to request and receive this info.
By doing so, would we be undoing groundwork you have already laid?  Would we
be jeopardizing our right to object to similar requests in the future?  Would
we be opening any doors to more of this type of regulation?  My concern is
that this info is innocuous and irrelevant now, but what about future
requests for info that we do care about?

Also, what do the FERC info we learned on Friday and the new ISO price caps
do to our response strategy?

Please respond asap--we need to be able to tell the PUC something in the next
48 hours.  You can call me at 713 853 9503.  Thanks.  MDS

---------------------- Forwarded by Mike D Smith/HOU/EES on 10/30/2000 09:02
AM ---------------------------

Allison McHenry
10/27/2000 12:00 PM

To: Mike D Smith/HOU/EES@EES
cc:
Subject: Updated Excel Chart

Attached is the updated chart re the CA subpoena. Please let me know if I can
do anything else.


----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 11:04 AM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	03/06/2001 10:43 AM
	Please respond to "Julee Malinowski-Ball"

		 To: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Sue Mara" <smara@enron.com>, "Steven Kelley"
<steven@iepa.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff"
<siliff@riobravo-gm.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Ross Ain" <rain@caithnessenergy.com>,
"Roger Pelote" <roger.pelote@williams.com>, "Robert Lamkin"
<rllamkin@seiworldwide.com>, "Richard Hyde" <rwhyde@duke-energy.com>, "Randy
Hickok" <rjhickok@duke-energy.com>, "Paula Soos"
<paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Marty
McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent
Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>,
"Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe
Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>,
"Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Eric Eisenman"
<eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley"
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>,
"Craig Chancellor" <craigc@calpine.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Quan-Hill, Danielle"
<danielle.quan-hill@mirant.com>, "Theo Pathos" <theo@ppallc.com>, "Susan
McCabe" <smccabe@mccabeandcompany.net>, "Scott Govenar"
<sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross"
<robbiz@cwo.com>, "Phil Isenberg" <Isenberg@HMOT.com>, "Mike Monagan"
<mrmonagan@aol.com>, "Maureen OHaren" <Oharen@HMOT.com>, "Marie Moretti"
<mmoretti@mccabeandcompany.net>, "Jamie Parker" <jparker@hmot.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "DJ Smith" <djsmith@smithandkempton.com>,
"Delany Hunter" <dhunter@smithandkempton.com>, "Chuck Cole"
<ccole@advocation-inc.com>, "Cary Rudman" <cjrudman@softcom.net>, "Bev
Hansen" <bhansen@lhom.com>, "Anne Kelly" <kelly@hnks.com>, "Rina Venturini"
<rventurini@teamgsi.net>
		 cc: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>, "Chris Ellison" <CTE@eslawfirm.com>, "Andy
Brown" <ABB@eslawfirm.com>, "Doug Kerner" <runwithmee@aol.com>
		 Subject: SB 28x amended

Attached is the amended version of SB 28x (Sher/Battin) which contains
several changes to the siting process, including many sponsored by IEP.  The
bill is being heard in the Senate Energy Committee today.

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net

 - sbx1_28_bill_20010305_amended_sen.pdf