In the last several weeks several areas have come up where the TW commercial
team could, in my opinion, use some clear written guidance on gray areas
under the tariff ought to be interpreted.  Here is my list.  Please add items
if I've missed any.

1.  When can TW "selectively market" available capacity?   I.e., if capacity
is on the board as available, and no one has bought it, are there any limits
on calling up a customer, or a group of customers, and pitching a deal?  I
think we have a lot of discretion here--after all, using the telephone to
talk to one customer is always "selective" since there's only one guy on the
phone, not all our customers.  Also, can we deliberately leave a customer off
the list of "the usual suspects" we call to pitch a special deal like an
index to index deal or a discount?  I've asked Lee to pull together a quick
analysis of this issue.

2.  If we get multiple bids for a chunk of capacity outside of the open
season context, how do we allocate it?  This is the situation we got into a
couple of weeks ago on the '02 and '03 space.  Are we always required to use
a lottery?  Do we need to modify the tariff to use pro rata, or can we use
pro rata simply by notifying the customers in advance?

3.  What approval process applies to max rate contracts and negotiated rate
contracts?  The ET&S discount approval procedure still applies to TW
discounted deals (even there is no ET&S anymore).  I think all neg. rate
deals should be approved by law and regulatory, but I don't need to see max
rate strd language deals.
4.  ???  I think there was another issue, but I can't remember what it was.

Thanks for your input on this.  DF


CALENDAR ENTRY:	APPOINTMENT

Description:
	Bushton Mtg - Stan Horton - 49C2

Date:		10/31/2000
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Start Date: 4/10/01; HourAhead hour: 24;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041024.txt

---- SC Trades Schedule ----
+++ Hour 24 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


-----Original Message-----
From: Shireman, Kristann
Sent: Thursday, November 29, 2001 1:17 PM
To: Kingerski, Harry
Subject: FW: Enron - CTA Credit Requirement
Sensitivity: Confidential

fyi, please call me.

-----Original Message-----
From: Smith, Critz
Sent: Thursday, November 29, 2001 11:27 AM
To: Shireman, Kristann; Morris, John
Subject: FW: Enron - CTA Credit Requirement
Sensitivity: Confidential

-----Original Message-----
From: Bohn, Kenneth [mailto:KRB4@pge.com]
Sent: Thursday, November 29, 2001 10:47 AM
To: Smith, Critz
Cc: 'tcontaki@csc.com'; Foley, Jack
Subject: Enron - CTA Credit Requirement
Sensitivity: Confidential

Critz,

Per your request, the Enron credit requirements for your CTA Groups 10004
and 10039 are summarized below.  The credit requirement increases on January
1st based on a recent CPUC Decision which increased the cost of gas for
credit calculations from $1.6826/Dth to $3.50/Dth.  The CTA credit
requirements are defined in PG&E Gas Rule 23.  Acceptable Security Deposits
as defined in Rule 23 include Cash Deposit, Letter of Credit (issued from a
major financial institution acceptable to PG&E) or a Surety Bond.  PG&E's
Credit Department is reviewing Enron's credit situation, an official demand
for Enron to reestablish credit is expected to be issued from our Credit
Department later today.

> In summary,  the Enron CTA credit requirements are:
>
> 						Current Requirement
> Jan 1, 2001 Requirement
> Enron Energy Marketing/PG&E-ES		        $143,000
> $202,000
> Enron Energy Services  				      $5,051,000
> $7,592,000
>
> The related spreadsheets used to calculate the above requirements are
> pasted below.
>
> Enron Energy Marketing				 <<Enron-EM Based on
> Old Cost of Gas 11-21-01.xls>> 			 <<Enron-EM Based on
> 2002 Cost of Gas 11-21-01.xls>>
>
> Enron Energy Services				 <<Enron-ES Based on Old
> Cost of Gas 11-21-01.xls>> 			 <<Enron-ES Based on 2002
> Cost of Gas 11-21-01.xls>>
>
> If you have any questions, please give me a call.
>
> Ken Bohn
> 3-3721
>
>


Return-path: <Awenda2000@cs.com>
From: Awenda2000@cs.com
Full-name: Awenda2000
Message-ID: <75.d062b85.275d329b@cs.com>
Date: Mon, 4 Dec 2000 12:47:07 EST
Subject: our conversation today
To: wkamins@enron.com
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="part2_3b.d386bc9.275d329b_boundary"
X-Mailer: Unknown sub 111

Hi Wincenty,
It was a pleasure talking to you today. I am enclosing my resume and look
forward to talking to you again.
Best regards
Bibianna

 - BIBIANNA  res.#2.doc


-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Friday, February 22, 2002 9:44 AM
To: knipe3@msn.com; jmccomb@austin-mccomb.com;
cmccomb@austin-mccomb.com; Parks, Joe; kmccomb@austin-mccomb.com;
brianc@saltgrass.com
Subject: Deer Lease Payment

Men:

The dreaded time has come. Rent goes up and it is a month earlier.
The initial $8,000 payment is due to Mertz on March 1, 2002.

In addition, I paid Mertz $500 for the protien that he fed during the last
hunting season.

I need each of you to forward me a check for $1,071.42. Send to 815 walker,
suite 1447, H/T 77002. Thank you.

Erik.

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp.


As per the voice mail.----cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 12/07/2000
01:23 PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Stephen Hall" <schall@stoel.com>                           12/06/2000
05:08 PM

To: gfergus@brobeck.com
cc: cyoder@enron.com, esager@enron.com, rsanders@enron.com
Subject: Trading analysis

Gary,

As you requested, I am sending my summary and analysis of Enron's trading
practices.  When you meet with your co-counsel to discuss this memorandum,
Christian and I would like to participate by phone, if possible.

Steve

NOTICE:  This communication may contain privileged or other confidential
information.  If you are not the intended recipient, or believe that you have
received this communication in error, please do not print, copy, retransmit,
disseminate, or otherwise use the information.  Also, please indicate to the
sender that you have received this email in error, and delete the copy you
received. Thank you.

Stephen C. Hall
Stoel Rives LLP
schall@stoel.com
tel: (503) 294-9897
fax: (503) 220-2480

 - CALTRA~1.DOC


Start Date: 12/14/01; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121404.txt


One of the responses by Constellation/Pace to the Firm Transportation Draft
is the volume stipulated in Article 3.1.  Our position in the draft was that
we had the right to refuse receipt of gas into the new lateral that is below
5,000 MCF/D.  The number was based upon our belief that the ultasonic meters
that would be installed in the new pipeline had this value as its lower limit
of accuracy.  Upon further investigation, however, we have discovered that
the value is actually higher.

Tom Cathy of Hanover Measurement indicates that HPL is willing to accept a
pipeline velocity that is significantly below what most would consider
standard industry practice for ultrasonics.  We would accept a minimum flow
rate of 3 feet per second.  At 3 fps the minimum flow rate would be: 8,200
MCF/D @ 600 psig, 9,500 MCF/D @ 700 psig and 10,800 MCF/D at 800 psig.

Cathy points out, however, that the industry standard velocity would be 10
fps.  At 10 fps the minimum acceptable flow rate for our ultrasonic
measurement would be: 27,000 MCF/d @ 600 psig, 31,900 MCF/D @ 700 psig and
36,400 MCF/D @ 800 psig.

Our hydraulics indicate that to meet the Rio Nogales Power Plant minimum
inlet pressure of 540 psig, the minimum receipt pressure at Prarie Lea (to
meet full load requirements from either HPL or Oasis) would need to be 778
psig.  At PG&E it would be 622 psig.

Based upon the above facts, I recommend that we change our requirement in
Article 3.1 to be 36,400 MCF/D @ 800 psig.

Please review and comment.


The invoices for November 1999 settlement adjustments will be posted by
23:00 today, Monday, September 17, 2001.  The NYISO apologizes for any
inconvenience resulting in the delay in posting these invoices.

Transmission  Customers  will  observe adjustments to their settlements to:
(1)  recover  costs  related  to  adjustments  made  outside of the billing
process;  and  (2)  adjust  the  NYISO clearing account balance to zero for
November 1999 settlements.

With  regard  to the adjustments made outside of the billing process, these
adjustments  could not have been corrected by a billing code or determinant
data fix.  As a result, the mechanism of paying and funding the adjustments
is  done  through  adjustments  outside  of the billing process.  The total
adjustment of $14,178.39 was allocated across 5,059,790 MWh.  Customers may
validate  their  respective  adjustments by computing their ratio shares of
the  $14,178.39  using 5,059,790 MWh as the denominator in their respective
ratios of their November 1999 load.  Customers will observe a difference in
the  denominators  used  in  the  ratio share allocation of this adjustment
versus  adjustment  #2.   This  is  due  to  the  fact  that  the costs for
adjustment  #1 are not allocated to those that received payment through the
adjustment, which would defeat the purpose of the adjustment.

Prior  to  October 2000, the NYISO recovered or refunded differences in the
revenue   received  from  Schedule  1  charges,  which  were  comprised  of
forecasted  uplift  & residual adjustments, and the costs actually incurred
by  adjusting  subsequent month's Schedule 1 rates accordingly.  In October
2000,  the NYISO implemented a change in the tariffed Schedule 1 provisions
that  allowed the recovery and refund of these costs as they were incurred.
In  order  to  allow  any  changes in uplift and residual adjustments to be
settled  through the settlement adjustment process, the code implemented in
October 2000 was used to report these costs to the market.  This results in
an  over-collection  which  is  being  returned  to  Customers  through  an
adjustment  to  their  monthly  balances.   This  billing treatment for the
November  1999  settlement  adjustments  resulted  in credits to the market
totaling  $5,583,559.78  allocated  across  5,074,229 MWh.  Customers where
allocated  their  portion  of  this  adjustment based upon their respective
ratio  shares of the 5,074,229 MWh of NYISO transmission service billed for
the month.

November  1999  settlement adjustment settlement dates have been changed to
address  the  delay  in  invoicing.  Payments due to the NYISO for November
1999  settlement  adjustments  are due to be received in the NYISO clearing
account on Monday, September 24, 2001.  Payments due to market participants
will  be  made  on  Thursday,  September  27,  2001.   Please  refer to the
attachment below for banking instructions.

The  NYISO anticipates that the 2nd settlement adjustment for December 1999
settlements  will  be  invoiced tomorrow, Tuesday, September 2001 by 23:00.
Settlements  dates will be adjusted to accomodate the invoice date changes.
Given  the aforementioned schedules, payments due to the NYISO for December
1999  settlement  adjustments  will  be  due  to  be  received in the NYISO
clearing  account  on  Tuesday, September 25, 2001.  Payments due to market
participants  will  be  made on Friday, September 28, 2001.  The NYISO will
confirm the invoicing schedule for December 1999 settlements tomorrow.

Regards,
Randy A. Bowers
Manager - Customer Settlements

(See attached file: November_1999_2nd_Settlement
Adjustment_Invoice_Banking_Instructions.PDF)
 - November_1999_2nd_Settlement Adjustment_Invoice_Banking_Instructions.PDF


I had received this from Chris Abel.  Maybe it will be beneficial.

Stacey
-----Original Message-----
From: Abel, Chris
Sent: Friday, November 30, 2001 1:09 PM
To: Evans, Casey; Dahlke, Andrea; Vinson, Donald Wayne; Lewis, Jon Paul; White, Stacey W.
Subject: Jobs

In case you are interested, my father-in-law, Cary Jones, has his own recruiting business.  He specializes in accounting positions, but might have leads in other related areas also.  His number is 281-491-3950 and his email is cjones@wt.net <mailto:cjones@wt.net>.

My home # is 281.579.9428, cell # is 713.444.9008 and email cbabel@msn.com <mailto:cbabel@msn.com>.  I enjoyed working with you guys.

Good luck and let me know how it goes.

Chris Abel
Former Manager, Risk Controls
Global Risk Operations
chris.abel@enron.com <mailto:chris.abel@enron.com>
713.853.3102


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On the list for 6/6/00, NRG Energy Inc. was previously not approved for
physical power trading and we are not opening them up at this time.  Per my
discussions with Credit, they are coming thru as an amendment to open them up
for US power and emissions.  This counterparty is not showing up on the FERC
approved marketers list, and Leslie Hansen is contacting the counterparty to
determine what records they have, if any, that show they have been approved
by the FERC to trade power.  Until we are provided that info, we cannot open
them up for power.  US emissions has been opened.

P.S.  If Utilicorp. need to be approved when I am out Monday and Tuesday,
talk to Carol St. Clair, the attorney working on the ISDA Master, or Susan
Bailey, the paralegal  working on the contract.


Are they squirming yet?

I still hold the originals in my hands pending your instructions.

-----Original Message-----
From: Kutzschbach, George [mailto:gkutzschbach@fulbright.com]
Sent: Tuesday, June 05, 2001 5:31 PM
To: Kay Mann (E-mail)
Cc: John Keffer (E-mail); Doug Pedigo (E-mail); Shawn Noonan (E-mail)
Subject: Ben Jacoby Signing of CAED I & II Resolutions

Kay,

A few weeks ago I spoke with John Keffer regarding Sweetgum Energy LLC's
request that Ben Jacoby sign unanimous resolutions of CAED I & II approving
the sale by CAED I and II of their respective GE turbines to Sweetgum.  As
of today, Sweetgum has not received back the resolutions signed by Ben. As I
explained to John, Sweetgum and InterGen would appreciate Ben's prompt
execution and return of the resolutions.  If Enron does not wish for Ben to
sign the resolutions, then Sweetgum and InterGen would appreciate your
advising us of that as soon as possible.

As I explained to John, Sweetgum would like to have unanimous resolutions as
this is more customary and cleaner, however, since Ben received the required
3 business days prior notice of the proposed resolutions, the resolutions
only need the majority approval of the board members.

I would appreciate hearing back from you at your earliest convenience.

George

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


Stinson,

Please find attached a revised version of the draft Consulting Agreement with
Henwood.  FYI, I am attaching both a clean version and one marked toshow
changes from the last draft I sent you.  Please let me know if you have any
questions or comments on the agreement or the most recent changes.

WHat is the status of Henwood?  Do you still want to engage them and what is
the timeframe for their work (the dates in the draft may need to be
corrected).

Bruce and Lauren:  please advise on which Enron entity should be the party to
this Consulting Agreement.

Thanks, Bonnie


That's Okay!

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Friday, May 25, 2001 3:15 PM
To: louis@lfcompany.com
Subject: RE: Rate Your Contractor

Louis,

I went to fill in all that stuff, but they want to much personal
information (like my address and phone number which I don't like to give
out) and they won't accept the referral without it.

                    "Louis
                    Fernandez            To:     <Tana.Jones@enron.com>
                    Company"             cc:
                    <louis@lfcomp        Subject:     RE: Rate Your
Contractor
                    any.com>

                    05/25/2001
                    02:47 PM

You Bet!!!!

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Friday, May 25, 2001 2:29 PM
To: louis@lfcompany.com
Subject: Re: Rate Your Contractor

Can I expect any kind of payback from my contractor for giving him such a
high rating?

                    "Louis
                    Fernandez            To:     <tana.jones@enron.com>
                    Company"             cc:
                    <louis@lfcomp        Subject:     Rate Your Contractor
                    any.com>

                    05/25/2001
                    02:23 PM

Tana when you have a  chance could you do me a favor and go to
www.contractor.com and do a search for  contractor by name then enter my
name and then my company name will come up and  then click on the link to
rate this contractor. Then fill out the form and rate  your favorite
contractor and of course you must give me high  marks.

How are you  doing?

Louis


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/12/2000 11:51
AM ---------------------------

"Duncan, Allyson" <aduncan@kilstock.com> on 09/12/2000 11:42:43 AM
To: "'Mann Kay'" <Kay.Mann@enron.com>, "'Chapman Tom'"
<tom.chapman@enron.com>, "'Keenan Jeffrey'" <Jeffrey.M.Keenan@enron.com>,
"'Reagan.Rorschach@enron.com'" <Reagan.Rorschach@enron.com>, "'Kroll
Heather'" <Heather.Kroll@enron.com>
cc: "Fine, Jonathan" <JFine@kilstock.com>

Subject: Amended Application

 <<HBTX01_.doc>> I would like to file this as soon as possible, but would
appreciate your taking a look at it to make sure we captured all the
changes.  Thanks.

 - HBTX01_.doc


Good job. Keep moving it forward. If moving forward it will improve. Rick


INVITATION

Chairperson:	Sean Long

Invitees:
	Jeff Skilling
	Joannie Williamson
	Kenneth Lay
	Rosa Lee Flemming

Date:		5/8/2001
Time:		4:00 PM - 4:30 PM (Central Standard Time)

Description:
	Brief Meeting with Ken Lay and Jeff Skilling Leadership Subcommittee of Culture Committe

Detailed Description:


Suzanne Brown@ECT
12/11/2000 04:08 PM
To: Laurie Miller/Corp/Enron@Enron
cc:

Subject: Re: Correlation Analysis

Laurie, can you help witt this? thanks.

From: Steven J Kean@ENRON on 12/11/2000 09:43 AM
To: Suzanne Brown/HOU/ECT@ECT
cc:
Subject: Re: Correlation Analysis

It's a little hard to tell precise numbers from the charts so I need a "call
out" number from the charts ... specifically,what happened to microsoft's
turnover rate for how much stock decline -- eg did it go up 33% (from 9% to
12%) for "x" decline in the stock price?

	Suzanne Brown@ECT
	12/07/2000 11:39 AM

		 To: Steven J Kean/NA/Enron@Enron, Cindy Olson/Corp/Enron@ENRON
		 cc:
		 Subject: Correlation Analysis


Please find attached NDA for distribution to your customer.

	Peter Feltman/ENRON@enronXgate
	02/12/2001 09:44 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: RE: Bilateral NDA - Africa One

Tana:

Please use standard language.

Thanks,

Peter Feltman

 -----Original Message-----
From:  Jones, Tana
Sent: Monday, February 12, 2001 9:41 AM
To: Feltman, Peter
Subject: Re: Bilateral NDA - Africa One

What is the nature of your project or discussions?  Will our standard
language..."information in connection with a possible transaction or other
business relationship..." suffice?

	Peter Feltman/ENRON@enronXgate 02/12/2001 09:31 AM 	   To: Tana
Jones/HOU/ECT@ECT  cc: Mark Greenberg/NA/Enron@ENRON, Mathis
Conner/ENRON@enronXgate  Subject: Bilateral NDA - Africa One

Tana:

Please prepare a bilateral NDA for the following company:

Africa ONE Ltd.
14 Oak Street
Needham, Massachusetts 02492

Patricia Bagnell
President
T: 781-455-8603
X: 781-444-2591
E-Mail: bagnell@africaone.com

Once completed, please e-mail the NDA so I may forward it to Africa ONE.

Please call me at X54482 if you need to discuss further.

Thank you,

Peter Feltman


This is a copy of your message sent to amm303@talkmatch.com -->

Hello,

Thanks for the email.  I'll try and answer some of your questions.  I've only been using this servic since last weekend, and so far it's been a kick.  I think as long as you use it for amusement it stays fun.  I don't know really, if it starts getting weird I'll just turn it off.

I live up in Broomfield and work downtown.  I really haven't found anything worthwhile up in our area.  I spend most of my spare time downtown and elsewhere.

We'll have to meet for a drink sometime and all show you around the city!

Paul

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Match.com Service Agreement.


Hi, Sooz--Just returned from the most hedonistic of all events:  the Jr.
League Christmas boutique.  Everytime I go, I come home thinking we should
forget all family gift-giving and concentrate our efforts on Whoville!
Anyway, it's Marge's birthday and this is what she wanted to do, so we went
with all the hoards and dined on a cold pasta lunch and cold ice tea in the
tearoom for $10.  We were very disappointed when we saw people walking around
upstairs with cheese and chili smothered hotdogs!

Parking a mess--no lots at Palmer due to construction.  So, satellite parking
with shuttle buses.  Took an hour at 2 p.m. from waiting in line to arriving
at the car in Zilker, but the only civil way to handle it.

Your list is wonderful and I've already homed in on my first choices.  Thank
you very much--it will jumpstart my shopping.

More later.  love, mum


works for me.  thanks

 -----Original Message-----
From: 	Quezada, Daniel
Sent:	Wednesday, December 26, 2001 1:18 PM
To:	Germany, Chris
Subject:	Your phone

Chris,
	Your phone is installed down here so i don't think you'll be able to answer it over there.  Do you want me to forward it to Judy's line, temporarily?


9/26       3:00-5:00

Thank you
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/08/2000
04:51 PM ---------------------------

	From:  Amanda Huble @ ENRON                           09/07/2000 03:30 PM

To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject:

---------------------- Forwarded by Amanda Huble/NA/Enron on 09/07/2000 03:29
PM ---------------------------

Hunter S Shively@ECT
09/05/2000 09:17 AM
To: Amanda Huble/NA/Enron@Enron
cc:

Subject:

Please call Celeste and elect 9/29/00 from 3:00-5:00 and mark on my calendar.

Thank You
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/05/2000
09:16 AM ---------------------------

Celeste Roberts
08/29/2000 06:21 PM
To: Celeste Roberts/HOU/ECT@ECT
cc:  (bcc: Hunter S Shively/HOU/ECT)
Subject:

URGENT

The Associate and Analyst Recruiting Department will be conducting a number
of two hour workshops to review our recruiting and interview process for the
fall on-campus recruiting effort.  Critical information regarding our
on-campus interview process, revised evaluation forms and program structure
will be reviewed during these two hours sessions.

It is mandatory that all team members attend these workshops.  All team
members must attend in order to articulate and demonstrate the Enron
recruiting process.  Knowing how busy schedules are, we have made
arrangements to present these workshops in two hours sessions for a total of
40 workshops that will run during the last week of August, through the month
of September and end at mid October.

Listed below are the dates, location and times for each session.  Please
select a date and time and e-mail this information to my assistant, Dolores
Muzzy.  We can accommodate 25 participants at a time.  Dolores will take
dates and times on a first come, first serve basis.  We have scheduled enough
sessions to accommodate every member of both the Associate and Analyst
recruiting teams.

In order to participate in the recruiting process, you must attend one of
these sessions.  We will be tracking participation.  CPE credits will also be
given for attending this workshop.


---------------------- Forwarded by Joan Quick/HOU/ECT on 10/03/2000 10:23 AM
---------------------------

Theresa Staab@ENRON
10/03/2000 10:21 AM
To: Mark Whitt/NA/Enron@Enron
cc: Paul T Lucci/NA/Enron@Enron, Nicole Cortez/NA/Enron@Enron, Steven P
South/HOU/ECT@ECT, Jacqueline P Adams/HOU/ECT@ECT, Stacey J
Brewer/HOU/ECT@ECT, Joan Quick/HOU/ECT@ECT
Subject: Crescendo Noms into NWPL

Liz Orr with Wildhorse just called to inform me we cannot nominate into
NWPL.   Her legal department has informed her there are issues with the
contract and until they inform her otherwise, our gas can only flow into
Questar.   Physically, we can flow into NWPL but contractully we cannot.

We have changed the nominations back to Questar for tomorrow's gas day.

Sorry about that, (we tried)

Theresa


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/09/2001
01:24 PM ---------------------------

Pinnamaneni Krishnarao
04/09/2001 11:15 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Weather Derivates - Project report

A nice introductory & comprehensive report on WD's. FYI.
Krishna.
---------------------- Forwarded by Pinnamaneni Krishnarao/HOU/ECT on
04/09/2001 11:12 AM ---------------------------
To: URM, Ress Young/HOU/EES@EES, Pinnamaneni Krishnarao/HOU/ECT@ECT, James W
Lewis/HOU/EES@EES
cc:
Subject: Weather Derivates - Project report

As part of "Options and other derivates" class I am taking at UH, I had to
submit a report on either "Weather Derivaties" or "Asian Options" as part of
individual term project. I choose "Weather Derivatives" and for what it is
worth, I am attaching a copy of that report for those individuals who are
interested in "Weather Derivatives".

Note that in the employee meeting, there was mention of using weather
derivatives to manage our volumetric risk


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/24/2000
04:01 PM ---------------------------

Cambridge Web Services <www@cup.cam.ac.uk> on 08/24/2000 03:19:47 PM
To: <vkamins@enron.com>
cc:
Subject: Confirmation of your online order

Wincenty J Kaminski (vkamins@enron.com)

This email is to confirm your online order which was received on 24-Aug-2000.
Please note that this does not constitute a receipt.
If you have any queries or problems please e-mail
directcustserve@cup.cam.ac.uk (Customer Services) quoting order reference
number Web5908 /DS51002180.

Totals: 1 lines, 1 items, weight 0.630kg, value GBP 30.00
Delivery charge, Air: GBP 5.00

Total cost: GBP 35.00

Shopping Basket

Theory of Financial Risks,   From Statistical Physics to Risk Management,
Jean-Philippe Bouchaud (Hardback),  ISBN 0521782325
 Quantity: 1 Reference:Kaminski Cost: GBP 30.00 In Stock


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
05:18 PM ---------------------------

"Leslie Abreo" <leslie.abreo@kalotay.com> on 10/23/2000 04:06:12 PM
To: "Roger Leworthy" <roger.g.leworthy@enron.com>, "Ron Baker"
<ron.baker@enron.com>
cc: "Vincent Kaminski" <vkamins@enron.com>
Subject: Hedge Effectiveness Test for Fair Value Hedges

Gentlemen:

We have had favorable responses regarding the use of our Volatility
Reduction Method (Roger, I've attached a copy of our article in case you
hadn't seen it).  However, there continued to be a quibble about how to
create the set of data points that would be inputs into the testing process.

Last week the consulting arm of a "Big Five" accounting firm indicated that
the following method proposed by us would be acceptable.  We believe this
method overcomes the statistical problems that arise from using interest
rate differences from overlapping ("rolling") quarters.

Method:

1)Calculate daily yield curve changes expressed as ratios, using historical
rates from the most recent, say, two years. (Note: no overlap).  This
results in a set of around 494 vectors of ratios (approximately 247 trading
days per
year).

Example:
If the first three yield curves in the historical set look like this:
19980801   6.5  6.6  6.7  .........  7.2
19980802   6.3  6.3  6.6  .........  6.9
19980803   6.6  6.8  6.9  .........  7.1

Then the change from 8/1/98 to 8/2/98 is:
6.3/6.5   6.3/6.6   6.6/6.7 .......... 6.9/7.1

And the change from 8/2/98 to 8/3/98 is:
6.6/6.3  6.8/6.3  6.9/6.6  ......... 7.1/6.9

2)Randomly select 62 of these "ratio" vectors (approx. 62 trading days in a
quarter).

3)Multiply these ratio vectors together to get a single vector (ie, the 62
6mo ratios are multiplied together, the 62 1yr ratios are multiplied
togeter, etc.).  The result represents a single quarterly yield curve
transformation.  Apply it to "today's" yield curve.  The resulting yield
curve represents one simulated quarterly change in interest rates

4)Repeat steps 2 and 3 until an adequate number of yield curves are
generated, say 100.

5) Proceed with testing process.

I would be interested in your comments.

Leslie Abreo
Andrew Kalotay Associates, Inc.
61 Broadway, Ste 3025
New York NY 10006
Phone: (212) 482 0900
Fax: (212) 482 0529
email: leslie.abreo@kalotay.com

Visit AKA's website at http://www.kalotay.com

 - FAS133 article.pdf


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/23/2001 09:10 AM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	05/23/2001 08:51 AM

		 To: "Susan McCabe" <smccabe@mccabeandcompany.net>, "Sue Mara"
<smara@enron.com>, "Steven Kelley" <steven@iepa.com>, "Steve Ponder"
<steve_ponder@fpl.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Scott Govenar" <sgovenar@govadv.com>, "Sandi
McCubbin" <smccubbi@enron.com>, "Ron Tom" <rtom@govadv.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini"
<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Mike
Monagan" <mrmonagan@aol.com>, "Maureen O'Haren" <oharen@hmot.com>, "Marie
Moretti" <mmoretti@mccabeandcompany.net>, "Lynn Lednicky" <lale@dynegy.com>,
"Kent Palmerton" <kent.palmerton@williams.com>, "Katie Kaplan"
<kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>, "Julee Ball"
<jmball@ns.net>, "John Stout" <john_h_stout@reliantenergy.com>, "John Larrea"
<john.g.larrea@williams.com>, "Joe Ronan" <joer@calpine.com>, "Jeff Dasovich"
<jeff.dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan
Smutny Jones" <smutny@iepa.com>, "Jack Pigott" <jackp@calpine.com>, "Hedy
Govenar" <hgovenar@govadv.com>, "Greg Blue" <gtbl@dynegy.com>, "Delaney
Hunter" <dhunter@s-k-w.com>, "Chuck Cole" <ccole@advocation-inc.com>, "Bev
Hansen" <bhansen@lhom.com>, "Anne Kelly" <kelly@hnks.com>, "Andy Brown"
<abb@eslawfirm.com>, "John Norwood" <janorwood@norped.com>, "Mohammed Alrai"
<mohammeda@calpine.com>, "Kent Robertson" <kentr@calpine.com>, "Katherine
Potter" <katherip@calpine.com>, "Juan Rodriguez" <juanr@calpine.com>, "Eileen
Koch" <eileenk@calpine.com>, "Bill Highlander" <highlander@calpine.com>,
"Barbara LeVake" <blevake@syix.com>, "Aymee Ramos" <aymeer@calpine.com>
		 cc:
		 Subject: Lockyer Fires Earthy Attack at Energy Exec

?

?http://www.latimes.com/news/state/20010523/t000043205.html
 - Lockyer Fires Earthy Attack at Energy Exec.url


Mark:
I and several other people in our group are concerned about Cheryl's apparent
unwillingness to attend on a consistent basis group meetings (i.e.,
legal/credit meetings and seminars and our legal group meeting) that are
held.  I understand from Sara that today Tana had to go and get Cheryl to
come to the legal/credit meeting.  Last week, she did not show up for the
legal/credit seminar that Brent held.  Could you please talk to her about
this?  I am concerned that she is not plugged into our group and is not
learning and hearing the things that she needs to be learning and hearing.  I
alos think that it is important to act and be like a team on some matters and
not an individual.  Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Melissa:
Attached is a format that would be great!


However, I will be flying out of Baltimore Monday morning and I'll be
dressing business causal.  I'm leaving tonight.
---------------------- Forwarded by Chris Germany/HOU/ECT on 09/14/2000 01:44
PM ---------------------------

	Enron North America Corp.

	From:  Steve Gillespie @ ENRON                           09/14/2000 01:23 PM

To: Mark Breese/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT
cc:
Subject: Questions for VNG

Question(s) for VNG as noted by Chris Germany and Steve Gillespie.

Spreadsheet of contracts for review by Victor and Chris before meeting with
VNG on Monday.

Please note:

Because of a shortage of people trading for the east desk on Monday of next
week, Chris Germany will now take the place of Dan Junek at the Richmond
Virginia meeting next Monday and Tuesday.

sg


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/17/2000
04:35 PM ---------------------------

Robert Johnston
11/17/2000 10:22 AM
To: Mike McConnell/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Vince
J Kaminski/HOU/ECT@ECT
cc: William Stuart/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Michelle D
Cisneros/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT,
John Greene/LON/ECT@ECT, Ellen Su/Corp/Enron@Enron, Steve
Jacobellis/NA/Enron@Enron, Eric Scott/HOU/ECT@ECT, Kristin Walsh/HOU/ECT@ECT,
Trena McFarland/NA/Enron@Enron, Scott Tholan/Corp/Enron@Enron, Kristin
Walsh/HOU/ECT@ECT, John A Cote/HOU/ECT@ECT, Cynthia
Sandherr/Corp/Enron@ENRON, Chris Long/Corp/Enron@ENRON, Jeffrey
Keeler/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Shane
Dallmann/LON/ECT@ECT, Aaron Armstrong/LON/ECT@ECT, Jurgen Hess/LON/ECT@ECT,
Martina Angelova/LON/ECT@ECT, J Christopher Champion/HOU/ECT@ECT, Jim
Roth/EU/Enron@Enron, Richard Shapiro/NA/Enron@Enron
Subject: Election Update 11/17

We have said the election is in the hands of the courts; the courts and
momentum are now swinging toward the Bush camp.

The unequivocal ruling by Leon County circuit Judge Terry Lewis rejecting the
plea by
Democrats and affirming that Florida Secretary of State Katherine Harris did
indeed
exercise her discretion in rejecting the hand recounts totals represents a
stunning
setback for Vice President Al Gore. "It appears that the secretary has
exercised her reasoned
judgment to determine what relevant factors and criteria should be considered
... my order requires nothing
more," the terse Lewis verdict read. It means the certification of the
Florida vote is likely to
proceed on Saturday, with Secretary of State Harris certain to declare Bush
the
winner and give Florida's 25 electoral votes to Bush and thus put him over
the top
with 271 electoral votes.

This is not formally over as the Democrats are likely to immediately appeal
the Lewis decision to the Florida
State Supreme Court and other legal challenges are still pending (e.g. the
Palm Beach butterfly ballot
challenge). But it will be an extremely difficult path from here.

For now Palm Beach and Broward are still recounting, waiting for the Supreme
Court to tell them to stop
much like they waited to be told to start. If they are told to stop, then it
is obviously over. The Gore
campaign staff will also have to move quickly to send their appeal to the
State
Supreme Court. But the Court may not even hear the appeal, for proving Harris
did not act with
discretion -- already difficult as the Lewis ruling showed -- will become
even more difficult on appeal.

The Democrats now have to race against time as their last remaining asset is
to "leak" a hand recount total that
would have put Gore ahead -- if Harris had accepted them. But as the legal
options dwindle, and the court of
public opinion becomes even more important, the Lewis ruling and the
inevitable Harris
certification (barring intercession by Florida's Supreme Court) tomorrow
provides the
Republicans with a powerful public relations weapon to turn public opinion
sharply in
favor of calling the race over.

Of course we are still waiting for the approximately 2300 overseas absentee
ballots to be counted and there
is a small possibility that these may help Gore. However, Bush has won over
60% of the overseas absentee
ballots received to date.


Dave and Chris:

I want to make you guys aware of the latest on the 501D5A. First, discussions
with Montana Power are starting to progress quickly. They have proposed we
sign a two week exclusivity agreement with them on the turbine, and have
agreed to pay us $200k. Unlike the exclusive with NorthWestern, this
agreement will not be binding as to ultimate purchase terms. It will simply
provide that we don't talk to anybody else during the exclusivity period. The
target price for a deal with Montana, which they have indicated is
acceptable, is $29 million, less the continuing payment obligations to
Westinghouse. If this deal is consummated at $29 million, the gross margin to
Enron Corp should be approximately $1 million.

With this in mind, we have approached Westinghouse about resolving the
dispute on the damaged generator. Because a replacement generator is on
order, essentially the issue is who (as between Enron and Westinghouse) bears
collection risk on the insurance claim associated with the generator. We have
proposed that we split the risk, and specifically that Enron pay $1.5 million
for the replacement generator, with insurance proceeds split 50-50 with
Westinghouse up to the point of recovery of our $1.5 million. We would also
waive our LD claim as part of this deal. In order to do the Montana Power
deal, we need to resolve this generator claim.

Chris, Kay and I support this approach for a few reasons. First, it generates
income for the company. Second, let's just say the handling of the claim by
the former EECC was not stellar, and the contract provided for us to manage
the insurance on the unit.  Third, while we may have a good claim for LDs
under the turbine contract, we may have to move into litigation mode to
collect them.

We of course want to solicit input from both of you before we proceed too far
with either Montana or Westinghouse. Because of this, we have written the
exclusivity agreement with Montana to provide that if we cannot deliver the
generator, we will return the exclusivity payment.

The last complication (as if we didn't have enough), is that the transfer
price deal with CALME is not finalized. Louise has taken this on, and is
talking to them to get the deal that Janet and I proposed earlier done (which
essentially provides that CALME eat $2 million of carrying costs associated
with the period during which they had responsibility for the turbine). Please
see the e-mails from Louise below.

Please let us know if you are on board with our approach as regards Montana
and Westinghouse, and I will then follow up with Louise on her discussions
with CALME.

Thanks and regards,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 03/31/2001 08:16 AM
---------------------------

	Enron North America Corp.

	From:  Ben F Jacoby                           03/28/2001 07:25 PM

Sent by: Ben Jacoby
To: Louise Kitchen/HOU/ECT@ECT
cc: W David Duran/HOU/ECT@ECT
Subject: Re:

Louise:

My responses:

1. The carrying costs have been capitalized, and under the accounting rules
will continue to be capitalized through the last payment date under the
turbine contract.

2. At this time, the turbine value is undetermined. While we have identified
one potential counterparty (Montana Power), we do not have a signed deal. In
addition, we are in the middle of a contract dispute with Westinghouse
regarding the damaged generator. While we hope to resolve this dispute in the
context of our exiting the turbine position, there exists the potential of
this going into litigation.

3. Janet and I proposed the deal I discussed with you to CALME in December,
but never got a formal response. I have put in several calls to Elio
Tortolero at CALME, but have not heard from him for about a month. He advised
me at that time that he would get me a counter proposal. My group has had de
facto management responsibility for the unit since December.

4. This unit was initially an ENA unit, but was taken by CALME (David Haug) I
believe in December '99 for projects they were considering. I am not aware of
the terms of that transfer.

FYI, I have attached a payment schedule for the turbine.

Please let me know if you have any other questions. Also, I have attached an
updated site bank map which includes our Texas site which was inadvertently
left off the previous e-mail.

Regards,

Ben

Louise Kitchen
03/28/2001 08:56 AM
To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject:

This was the response from Jim - if you have all the answers already - please
give me a ring - otherwise can you pull the answers together and then give me
a ring.

Thanks

Louise

Louise:

I need to know two things: (1) Have the carrying costs been expensed through
Jan. 1 and (2) Is there commercial value to the turbine?  If there is value
to the turbine, then I really don't understand allocating costs to a business
unit that doesn't own the turbine in order to create the illusion of a
profitable transaction.  I also need to know on what basis and against what
agreement CALME agreed to bear the carrying costs.  The project it supposedly
related to has been dead for several years.

Jim


Thanks for the Book. I think I will enjoy it immensely in retirement. Merry
Christmas and best of luck to you in the new year and the new job.

Regards,

Rob


Ben,
Below is Brownsville' latest from Nov. 30, This is as good as it gets and we
will keep updates coming as the months progress toward closing.
Ross
---------------------- Forwarded by Ross Newlin/HOU/EES on 12/08/2000 12:52
PM ---------------------------
From: Jim Meyer@ECT on 11/30/2000 11:18 AM
To: Ross Newlin/HOU/EES@EES
cc:
Subject: Brownsville Nov.month end inventory spreadsheet

Ross
Attachment below
---------------------- Forwarded by Jim Meyer/HOU/ECT on 11/30/2000 11:08 AM
---------------------------

Shirley Chism@ENRON
11/30/2000 11:10 AM
To: jmeyer2@enron.com, Mitchell Hurt/Corp/Enron@Enron
cc: Dean Frederick/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Brownsville's Nov. Inventory


yeah - do you want in?

	Enron North America Corp.

	From:  Michael Walters                           01/24/2001 01:57 PM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

are you doing an xfl fantasy football?


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Green left Sunday's game in the fourth quarter with labored breathing. He was replaced by Dorsey Levens.

Todd Bouman <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1871&>, QB MIN - Free Agent Updated 12/23/01
Bouman was able to start Sunday's game, but he re-injured his thumb in the first quarter and was replaced by Spergon Wynn.

Wesley Walls <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1321&>, TE CAR - Free Agent Updated 12/23/01
Walls was able to play in Sunday's game despite an ankle injury, but he left the game before halftime after spraining his left knee.

Martin Gramatica <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=133297&>, K TB - Free Agent Updated 12/23/01
Gramatica injured his hamstring in the fourth quarter on Sunday. He hurt himself on a PAT attempt, but Gramatica is expected to play on December 29.

Todd Bouman <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1871&>, QB MIN - Free Agent Updated 12/23/01
Bouman is now listed as probable for Sunday's game. He should be able to start against the Jaguars, but he may play with some pain in his thumb.

Jeff Graham <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1264&>, WR SD - Free Agent Updated 12/23/01
Graham probably won't play Sunday at Kansas City because of the death of his father in a car accident, coach Mike Riley said Friday. If Graham doesn't play, Trevor Gaylor will start in his place and Nate Turner will be signed off the practice squad. The Chargers are already missing their No. 3 receiver, Tim Dwight, due to complications of a collapsed lung.

Antowain Smith <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1663&> , RB NE - JWillie Updated 12/23/01
Smith rushed for a career-high 156 yards and a touchdown Saturday. He has been one of the best runners in the AFC and will help carry your team to Fantasy glory.

Steve McNair <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1069&>, QB TEN - Free Agent Updated 12/23/01
McNair played Saturday despite suffering from back spasms all week. He played well, throwing a touchdown pass in the second half. Expect him to be a solid No. 1 QB.

Jeff Garcia <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=146325&>, QB SF - JWillie Updated 12/23/01
Garcia, whose practice time was limited all week, played in Saturday's game. He admitted afterwards that he has a cracked rib. He played with extra padding, saying it didn't greatly affect his throws. Garcia might not be at full strength in the remaining weeks but he will still be a solid No. 1 Fantasy QB.

Eddie George <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1174&>, RB TEN - Tori Updated 12/23/01
George played in Saturday's game despite suffering from an ankle injury. He left in the third quarter because of a neck injury but returned to the game.

Oronde Gadsden <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1612&>, WR MIA - Matty Updated 12/23/01
Gadsden did not play in Saturday's game against the Patriots because of a hamstring injury. Chris Chambers started in his absence.

Fred Beasley <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=12207&>, RB SF - Free Agent Updated 12/23/01
Beasley broke his right hand. He will probably be sidelined for the rest of the regular season.

Joe Horn <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1511&>, WR NO - Matty Updated 12/21/01
Horn is once again performing like an elite Fantasy receiver. He is a must-start player during the final weeks of the NFL season.

Maurice Smith <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=188183&>, RB ATL - Frank Updated 12/21/01
A banged-up Smith hasn't done much statistically in recent weeks. Don't depend on him during the Fantasy playoffs.

Donald Hayes <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=12431&>, WR CAR - Martin Updated 12/21/01
Hayes may step back into the forefront this week as the No. 1 wideout in place of Muhsin Muhammad. He isn't very explosive, however, and won't help Fantasy teams much during Weeks 15 through 17.

Chris Weinke <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=235174&>, QB CAR - Tori Updated 12/21/01
Consider Weinke as a backup during the Fantasy playoffs. He lacks the weapons to post better-than-average numbers, but he is a good option if you need an emergency QB.

Kurt Warner <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=12797&>, QB STL - Hunter Updated 12/21/01
Warner should guide many Fantasy teams to success during the playoffs. Expect fine numbers from him the rest of the way.

Rich Gannon <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1034&> , QB OAK - Martin Updated 12/21/01
Gannon has been a top-flight Fantasy QB this year. He will be a key player on many title teams, and should never be benched.

Randy Moss <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=12576&>, WR MIN - Russell Updated 12/21/01
Moss started off slow this season but has once again been one of the best wideouts. Don't hesitate to start him during your playoff run.

Marvin Minnis <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=235122&>, WR KC - Free Agent Updated 12/21/01
Minnis hasn't done much to help Fantasy owners this year. Don't use him during the remaining weeks of the NFL season.

Michael Westbrook <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1310&>, WR WAS - Free Agent Updated 12/21/01
Westbrook has been inconsistent this season as a Fantasy player. He will be a good No. 2 at best during your playoffs.

Rod Gardner <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=235213&>, WR WAS - Free Agent Updated 12/21/01
Gardner has been very inconsistent this season. Unless you play in a deeper league, starting Gardner isn't advisable.

Tony Richardson <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1471&>, RB KC - Neal/McKay Updated 12/21/01
Richardson hasn't been a consistent scoring threat this year. Don't use him during the Fantasy playoffs.

Tony Gonzalez <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=12400&>, TE KC - Russell Updated 12/21/01
Gonzalez hasn't played as well as expected this year. Still, he is too talented to bench during the Fantasy playoffs.

Brett Favre <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1028&>, QB GB - Frank Updated 12/21/01
Favre has been one of the best QBs this season. Count on him to help lead your team to Fantasy glory.

Trent Green <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1599&>, QB KC - Bass/Hull Updated 12/21/01
Green has been an inconsistent Fantasy QB this year. He is a risky start during the rest of the season.

Bill Schroeder <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=1593&>, WR GB - Frank Updated 12/21/01
Schroeder has had a solid season. Look for him to be a reliable No. 2 wideout during your postseason.

Matt Hasselbeck <http://football299.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=2640&key=12429&>, QB SEA - Bass/Hull Updated 12/21/01
Hasselbeck has been a big disappointment this year. Don't use him during the Fantasy postseason.

More Updates <http://football299.fantasy.sportsline.com/mp/elink?script=pro-player-updates&league=bige01&owner=14696.2&random=2640&start=30&>
Transactions, View
  <http://ad.doubleclick.net/ad/N1549.sportsline.com/B44933.5;sz=1x1;ord=1?>
Transactions
Date	Time	Player	Team	Transaction	Effective	Cost
12/21/01	6:49 AM	Brown, Kris	Martin	Signed	Week 15	$2.5
12/21/01	6:49 AM	Taylor, Fred	Martin	Released	Week 15	$2.5
Schedule, Breakdown
  <http://ad.doubleclick.net/ad/N1549.sportsline.com/B44933.5;sz=1x1;ord=1?>
  <http://football299.fantasy.sportsline.com/mp/open_gif?splnid=30e6a654ca37f8af&league=bige01&owner=14696.2&email=9eb4d4d2e1a3f856124cc184ab07d1f73a5c23d37e8f491a&sport=football&vend=CBS%20SportsLine.com&product=mgmt&time=20011224&type=ereport&random=2640>
  _____

Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from <http://fantasy.sportsline.com>

FB10SP


Hey Sugar Bear!

I was just thinking about you and was hoping that everything is going okay
for you.  I constantly keep you in prayer regarding your situation.   How's
Erika doing?

You missed church Sunday when they forceably removed one of the guys (aaron
Burr) from the church.  You remember he was the one that used to sit on the
front row and get happy alllllllllll the time.  You remember him, anyway they
hauled his tail out of there.  It was terrible to see someone hauled from the
church, not matter what the situation is.

Oh well, take care, and call me if we need to talk!!!!


Hi David:
Could you give me a call to discuss the project when you get a minute.  I'm
starting to move it along.  Thanks.

Best,
Jeff


Shoreline has sent a revision to trim down the 6722 meter from 570 to 428.
Daren I can't  tell you what it flowed last month  due to more than one
person is at that meter.  We only have 30 nominated there now.  Let me know
what you think.  Thanks.


Yes, I think it would be a great experience, and I'd encourage you to
continue to meet as many people as possible in the organization.  Jeff

Massimo Marolo@ENRON
11/07/2000 12:54 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Re: Rotation

Jeff,
I have talked to Geoff Storey and he told me that rotating early should not
be a problem. I will also talk to Hunter asap. Thank you for offering to talk
to Steve Horn; I would greatly appreciate it. I will meet with him on Friday
morning.
Could I also ask you for your general opinion on this rotation  and whether
you see it as a good experience?

Thanks for everything
Massimo


whats up baby


---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 07/31/2000
06:19 PM ---------------------------

	Enron North America Corp.

	From:  David Fairley                           07/31/2000 06:12 PM

To: Kevin M Presto/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Rogers
Herndon/HOU/ECT@ect, Ozzie Pagan/HOU/ECT@ECT, Mike Curry/HOU/ECT@ECT, John
Berger/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron,
Laura Podurgiel/HOU/ECT@ECT, Ashton Soniat/Corp/Enron@ENRON, Bill
Rust/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: FP&L Entergy merger

FYI, attached is the best article that I have seen about the merger.  It has
a lot of detail that clears up a lot of the gossip that has been going around
for the last few days.


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 06/05/2000
02:17 PM ---------------------------

	From:  Chris Meyer                           06/05/2000 02:10 PM

To: Julie A Gomez/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
cc:
Subject: EOL Meeting

Okay - let's try this again.  The meeting is scheduled for tomorrow, Tuesday,
at 2:30 p.m. in room EB3125B.  I know that there are some conflicts with this
time, but it's the closest time slot that is convenient for all.

chris
x31666


I had to look for something in my sent mail earlier.  At least half, if not
more, of the emails I send are to you!!


----- Forwarded by Sara Shackleton/HOU/ECT on 09/28/2000 05:49 PM -----

	Tana Jones
	09/28/2000 04:19 PM

		 To: bordenr@macleoddixon.com, Brian Kerrigan/HOU/ECT@ECT, Soma
Ghosh/HOU/ECT@ECT, Peter Keohane/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT,
Catherine Clark/HOU/ECT@ECT, ian.mcarthur@royalbank.com,
blair.fleming@royalbank.com, William S Bradford/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RBC-revised ISDA

Please find attached a clean and blacklined draft of the revised ISDA Master.


Attached is the proposed form of Termination Agreement.   I have requested
copies of the relevant confirmations from the Confirm Desk to confirm that
the transactions are referenced correctly.  Please let me know if you have
any comments.


o.k. I will call the backoffice

Thanks

   Kate Symes @ ECT                03/23/2001 03:00 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3-23 Checkout

That's weird, because nothing traded for nearly that low for April today.
Mike's exact words were, "there's no way it's $258." So if anyone from Prebon
is still there, let them know the trader is sticking with his price.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/23/2001 12:53 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3-23 Checkout

559066----I just checked with Prebon and for some reason they show price as
$258.00 on this deal.
559091----Is a good deal with Bloomberg.

Therefore, the only deal in question now is 559066 and Prebon shows $258 as
price and we show $358.

Please advice.

   Kate Symes @ ECT                03/23/2001 02:37 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3-23 Checkout

I'm a little confused - 559066 is a Prebon deal under Mike Swerzbin's book.
559091 is a Bloomberg deal under Matt Motley's book. I just talked to Mike
Driscoll and he said these both have the correct brokers on them and there
were two deals. ????

Kate

Evelyn Metoyer@ENRON
03/23/2001 11:55 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3-23 Checkout

Kate deal 559066 is identical to deal 559091.  Prebon does not recognize
559066.  Were these duplicates?

   Kate Symes @ ECT                03/23/2001 01:27 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3-23 Checkout

BLOOMBERG
Matt Motley
559091 - sells to Idaho, 50 mw, April, Mid-C, $358

Tom Alonso
559010 - price is changed to $160
He is still entering last two deals.

AMEREX
Mike Swerzbin
559062 - buys AEP, 25 mw, Cal-02, PV, $140
And Tom said he didn't have anything to do with this deal - Mike said MW were
correct.

Thanks,
kate

Evelyn Metoyer@ENRON
03/23/2001 11:22 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3-23 Checkout

BLOOMBERG

Tom Alonso
I am missing the following deals:

1) Enron sells to Tractebal 25mw Palo Verde for 3/26 peak hrs at $260.00
2) Enron sells to Pacificorp 25 mw Palo Verde for 3/26 peak hrs at $260.00

Mike Swerzbin
I am missing the following deal:

1) Enron sells to Idaho Power 50 mw April Mid-C peak hrs at $358.00

Jeff Richter
deal 559010
Bloomberg shows $160 as price......enpower has $165.00

PREBON
All were o.k.

AMEREX

Tom Alonso/Matt Motley (someone who traded on the LT PV Desk today)
I am missing the following deal:
Enron buys Cal'02 Palo Verde at $140.00  (Check the mw on this deal please
with Tom!!!)


Stan -

Lisa Mellencamp, one of Mark Haedicke's lawyers, has just invited me to a meeting on Friday at noon to discuss "contingency planning."  I'll keep you posted.

Try to have a good Thanksgiving.

Rob


I may have sent this to you earlier, and if so, I apologize.  These are
David Best's recommendations regarding ECT's position statement to
Mitsubishi.  Please note his comments (in the second paragraph) regarding the
wording in the second charter party and its effect on Mitsubishi's demurrage
claim.  This position statement has not yet been sent out, pending completion
of my internal Mitsubishi due diligence.  The only person I am still waiting
on for comment is Walt Zimmerman of EOTT, and I expect to hear from him today.

         B.K.D.

----- Forwarded by Britt Davis/Corp/Enron on 08/04/2000 08:06 AM -----

	Julie.Bertschin@clyde.co.uk
	08/03/2000 09:30 AM

		 To: Matthias.lee@enron.com
		 cc: britt.davis@enron.com, ngregson@wfw.com, eric.Tan@enron.com
		 Subject: m/v PACIFIC VIRGO - FREIGHT AND DEMURRAGE

Suggest you send the following to the owners:

"As owners are aware, Enron has suffered considerable loss and damage arising
from the contamination of condensate loaded in good order and condition but
delivered contaminated.

It is clear that Mitsubishi, as time chartered owners, would not be now
claiming
freight or demurrage but for the contamination. There can be no argument about
this.  Since Enron is holding Mitsubishi fully liable for the contamination
according to the terms and conditions of the relevant charterparty, Enron
takes
the view that it does not have a liability to pay either the freight or
demurrage.  Should Mitsubishi disagree, Enron suggests that all disputes are
referred to arbitration pursuant to the relevant clause of C/P.  Enron will
almost certainly be commencing arbitration once the joint analysis results are
known in order to recover their losses which have not yet been fully
quantified.
We respectfully suggest that Mitsubishi reviews its entitlement to freight and
demurrage after the joint testing".

I have since looked at the charterparty for the second leg sent to me
yesterday.
It is quite clear that we freely agreed to enter into an extended C/P for the
second voyage on 19 July having agreed firstly to pay freight for the first
voyage (which has now been done) and secondly to pay estimated demurrage on
the
first voyage to be paid "by charterers as quickly as possible against owners'
provisional invoice, also actual demurrage amount to be settled by charterers
as
soon as possible".

In my view, therefore, we cannot succesfully resist an application for an
interim award both for freight and demurrage.  We can counterclaim back
damages
for paid freight and demurrage assuming we are successful at a later stage in
proving breach by Mitsubishi of the Charterparty concerning the contaminated
cargo.

Please confirm that the cargo owner and charterer are one and the same, i.e.
Enron Capital & Trade Resources Singapore Pte Limited.  This appears to be the
case since the charterers are ECTRS and I note the manuscript entry on the
first
page of the liquid fuel purchase contract recording an assignment of the
contract from Enron Capital & Trade Resources International Corp to ECTRS.

Regards

David Best

__________________________

This e-mail and any files transmitted with it are confidential and intended
solely for the use of the individual or entity to whom they are addressed.
Any views or opinions expressed within this e-mail are those of the author and
do not necessarily represent those of Clyde & Co.  If you have
received this e-mail in error, please contact Clyde & Co.

Clyde & Co.
51 Eastcheap, London, EC3M 1JP
Tel: +44 (020) 7623 1244, Fax: +44 (020) 7623 5427

Clyde & Co. Guildford
Beaufort House, Chertsey Street, Guildford GU1 4HA
Tel: +44 1483 555 555, Fax: +44 1483 567 330

E-Mail: postmaster@clyde.co.uk, Internet: http://www.clydeco.com


Dear all,

As we informed you last week, Mr. Jos? M. Hern?ndez Beneyto won't be
able to attend this teleconference due to the coincidence with another
pre-arranged meeting.

Best regards,

Virginia Redondo (Secretary of Mr. Hern?ndez)

   -----Original Message-----
   From:       RPICKEL@isda.org [SMTP:RPICKEL@isda.org]
   Sent:       21 September 2001 19:14
   To:         BOARD@isda.org
   Cc:         RPICKEL@isda.org; CRICHARDS@isda.org;
               esebton@isda-eur.org; rmetcalfe@isda-eur.org;
               RAinslie@isda.org; APapesch@isda.org; KSumme@isda.org;
               SKawano@isda.org; MCUNNINGHAM@isda.org
   Subject:    Tuesday Board Meeting

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

   International Number is 1-865 524 4287

      U.S. Domestic Number is 800 417 3187

      Participants Code is 169 326

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

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

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

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

      Filling of the vacancy created by Damian's resignation

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

      Relationship with FpML

      Market convergence issues

      An abbreviated review of the three-year plan

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

   I look forward to speaking with you on Tuesday.

   Bob


Congratulations on the good news.  Sorry to hear about the bad news.  There
seem to be lots of scheduling jobs around here but I don't know if you want
to do that.  Bob Superty is the best person to chat with their.  Also, you
might chat with AEP.  They just bought some Houston assets and they might be
keeping those assets in Houston.

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Hello!

Hello Chris!

I was writing to give you some good news and bad news.

Good news:  I got engaged last weekend.  I am very excited!  Todd is a very
wonderful person.  This is the person I met on MM last year who lives in
Columbus.

Bad news:  I am getting laid off.  I transferred to Columbus with Clinton.
They are laying off half their staff.

I am not real fond of Columbus and hope to move back to Houston one day.
Hopefully we can work together again one day.

Hope all is well with you!

Take care!

Susan


Car Rental Options for Enron Travelers

Rental car contracts for 2001 have been awarded to:

National Car Rental (Primary) and  Alamo Rent-A-Car (Secondary).

The intent of these agreements is to consolidate and leverage Enron's total
car rental spend to achieve the most favorable rates and non-pricing
provisions (i.e. insurance).

National Car Rental, due to its service levels, availability and total value
proposition, has been awarded Primary status and is recommended as the first
choice for Enron travelers' needs.

Alamo Rent-A-Car, a sister company to National, has been awarded a contract
reflecting a Secondary status, due to its service levels, availability and
low cost solutions.  Alamo is recommended as an alternative to National,
where available.

When you rent a vehicle in the United States, (including Puerto Rico) or
Canada, the following insurance provisions are included, regardless of rate
selected:
1. L/DW (Loss/Damage Waiver) - This is what is called Comprehensive or
Collision on your personal auto. It covers the rental vehicle and pays for
any damage to it.
2. Liability - This covers people and property outside the rental vehicle.
For both National and Alamo, the coverage is $100,000 per person, $300,000
per occurrence and $50,000 for property damage.
** IMPORTANT ***
These coverages apply regardless of rate selected, as long as the following
contract ID is communicated at the time of reservation and rental is recorded
on the transaction rental agreement.  (National -  5000838 Alamo    - #143974)

To enjoy the highest levels of service while renting a vehicle from Enron's
preferred suppliers, it is recommended that each traveler enroll in
National's and Alamo's preferred traveler programs.  National's Emerald Club
membership and Alamo's Quicksilver program are designed to speed the
transaction time by providing services such as counter bypass and rapid
return.  The enrollment fees for these programs have been waived for Enron
travelers.  Enrollment packets will be mailed to the addresses of Enron
American Express T&E Cardholders.  You may also find an enrollment form on
the Enron Travel Program intranet @ gss.enron.com <http://gss.enron.com/>.

If you have any questions or comments, please contact Jeff Leath at
713-646-6165.