On Friday, July 6th, we had an excellent first meeting with Com Ed.

In attendence from Enron were Rogers Herndon, Marc Ulrich, Jeff Merola, Brad
Snyder, Guy Sharfman and myself.  (Roy Boston and our attorney Chris Townsend
attended our pre-meeting discussion but did not attend at ComEd to keep our
numbers down).

In attendence from Com Ed were Pam Strobel President, Exelon Energy Delivery
Company and Vice Chair, ComEd; Frank Clark, Ex. V.P. Customer Marketing and
Energy Delivery Services, ComEd; Gerald Rhodes, President, Exelon Energy;
Arlene Juracek, Vice President, Regulatory & Strategic Services, ComEd; John
McCawley, Director, Electric and Gas Choice; and Michael Freeman, Long-Term
Trader, Exelon Power Team.

During the course of the meeting, we delivered our message that we, like
ComEd, wanted to see a competitive market emerge in Illinois, but that we had
concern that lifting the PPO early without the presence of a competitive
market could create a California-like situation - which is what they were
striving to avoid - because their approach would leave buyers on the
competitive market without having any sellers due to problems with physical
delivery.  We indicated our concern for our existing customers and our
ability to grow our business in Illinois.  We stressed the PJM model as a
workable solution that creates a liquid market.  There was much enthusiasm on
the part of ComEd for focusing ICC attention on creating that kind of a
solution for Illinois.  Arlene Juracek encouraged us to work with them on
this and to meet with Steve Nauman and Celia David.  Since Mike Roan and I
will be in Illinois on this Tuesday and Wednesday, first to hear the
Alliance's presentation to the ICC and then for Mike to make a presentation
the following day, we are going to try and meet with them.

One of our objectives was to set up a team between Enron and ComEd to go
through the requirements and nuts and bolts of physical delivery into
Illinois.  This was accomplished and Jeff Merola and Mark Ulrich witll be
meeting  with Ann McGlin at ComEd to get a better understanding of what we
can and cannot do to achieve physical delivery.  Also, Michael Freeman
indicated a willingness to sell us a structured retail product to help us
achieve physical delivery (energy and/or load following services), and made
it clear that whatever deal we do with the Exelon Power team would be
independent and separate from any deal we might do with ComEd on the PPO
front.  Once we have completed our discussions with Ann McGlin and with
Michael Freeman, we will meet again with ComEd to negotiate what we need for
physical delivery.

We also discussed other aspects of the ComEd letter to the ICC and received
the following clarifications.  Customers going off the PPO before 2004 would
be offered rate 6L which is a bundled rate.  After 2004, ComEd plans to go to
real time pricing on a day ahead or hourly basis.  As to whether the CTC
could be reinstated after a customer was dropped from PPO, they indicated
that they had not thought about it, but believed the law would allow this.
Arlene Juracek, however, commented that they could lock in a CTC agreement
with a customer.  I interpret that to mean that as part of an agreement to
support ComEd in its proposal, we may be able to guarantee that for our
customers, the CTC will not reemerge if market prices go down or that we can
negotiate a limited CTC, etc.

We also pointed out that we had other concerns like ComEd's unwillingness to
negotiate the Supplier Agreement.  Not much time was spent on that but my
sense is that if this is an obstacle to getting our concurrence, we may be
able to work through this as well.

Frank Clark asked us about our willingness to take on the role of supplier of
last resort and we responded that we needed first to be sure that we could
physically deliver to customers.  Once that hurdle is addressed, we would be
willing to consider that possibility.

The ComEd negotiating team will meet in Houston on either the morning of July
16th or 17th when we believe the tasks with ComEd will be completed, in order
to evaluate what we have learned and what our next steps should be.  I will
then arrange a follow-up meeting with Pam Strobel and her team.

Janine


Bob,

Further to your last e-mail,  just to let you know that I have ordered form
Derek Oliver at the Exchange the package of documents which we shall need to
sign so that:

ECTRI becomes a proprietary trader member on the Exchange

ECTRIC's orders are placed onto the exchange via EEFT in London (although
EEFT does not become in any capacity a member on the Exchange).

As soon as I get them I'll start to check them over.

Derek Oliver at the Exchange needs some clarification as to whether we just
want Steve Kim to be able to place orders onto the Exchange - or whether we
want some back-ups (e.g., Martin,Tom, Fraser, etc).  If you could let me
know, I would be very grateful.

Furthermore, please just confirm that you want E.D. & F Mann to be the
clearer.

Finally, Re the implementation of appropriate trading software in London,
Derek Oliver has said that he is happy for this to be in EEFT's name (hence
avoiding any chance of ECTRIC having to own this in London and hence avoid
any spectre of ECTRIC having, on this account, a "permanent establishment" in
London for tax purposes).  Whomever you will appoint from the commercial team
to liaise with London IT on the implementation of the software package will
need to speak to me urgently before they do anything.

Kind regards

Mark


Clark, Thank you; I received this and will look over your comments.  If I
have any questions, I'll give you a call.  I appreciate being included.
Michelle

"Martin, J. Clark" <cmartin@velaw.com> on 10/15/2000 02:50:22 PM
To: "'michelle.cash@enron.com'" <michelle.cash@enron.com>
cc:
Subject: FW: Services agreement

Michelle:

 Here is copy of email message to Mark with redlined version of
proposed services agreement.

     Clark

> -----Original Message-----
> From: Martin, J. Clark
> Sent: Sunday, October 15, 2000 2:49 PM
> To: Holsworth, Mark (Enron)
> Subject: Services agreement
>
>
>  Sunday, October 15, 2000
>
> Mark:
>
>  Here is redlined version of proposed services contract with a few
> suggested changes and a couple of comments.  I think the draft prepared by
> the human resources personnel addresses the important issues.
>
>      Clark
>
>
>    <<AGREEMT.DOC>>

 - AGREEMT.DOC


---------------------- Forwarded by Chris H Foster/HOU/ECT on 02/01/2001
10:43 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Sean Breen" <sbreen@czn.com>                           02/01/2001
10:29 AM

To: "Chris Foster" <cfoster@enron.com>, "Charlie Sanchez" <csanchez@pdq.net>,
"Art Gelber" <agelber@gelbercorp.com>
cc:
Subject: Forward Position Spreadsheet

Gentlemen:
In an earlier communication, I had asked Gelber to forward a summary
spreadsheet of Citizens' forward purchases position monthly before the 10th
of the following month.  To avert potential problems, I would request,
instead, that the summary spreadsheet be sent out on or before the last
trading day of the current month. Kindly copy Chris Foster at Enron on these
transmissions.  Please call if you have any questions.  Thanks.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/11/2001
09:11 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 05/11/2001 09:00 AM
To: Diane Anderson/NA/Enron@Enron, Derek Bailey/ENRON@enronXgate, David
Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT, Patricia Boulanger/CAL/ECT@ECT,
Bob Bowen/HOU/ECT@ECT, Julie Brewer/NA/Enron@Enron, Lesli
Campbell/ENRON@enronXgate, Celeste Cisneros/ENRON@enronXgate, Sharon
Crawford/CAL/ECT@ECT, Richard Deming/NA/Enron@Enron, Russell
Diamond/ENRON@enronXgate, Cindy Feldman/CAL/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Jeffrey C Gossett/ENRON@enronXgate, Larry Joe
Hunter/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/ENRON@enronXgate, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Sarah
Pernul/CAL/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Tanya
Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT, Linda
Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Tiffany Williams/NA/Enron@Enron
cc:
Subject: Credit Report--5/11/01


I have attached some suggestions in the comment section on the
presentation.   I think we also need to have a set of slides or some talking
points for Jeff that make a compelling case for these changes.  Some of the
points are touched on but I think we have to make a better case for change in
addition to outlining the changes.  Some of the themes which we should
develop further might focus on the challenges we face in sustaining our
growth (this was a major theme at this year's management conference --
Terrie, please forrward a copy of Gary Hamel's presentation to the addressees
on this e-mail).  These challenges imply the solutions we are proposing: a
professional partnership model which provides opportunity and compensation
incentives to attract and retain top talent and encourage cooperation across
the company; capturing and exploiting knowledge within the organization; and
a more formalized approach to business building through an accelerator.

I will be in California on Monday, but let's try to set up one more meeting
before we get together with Jeff.  I can make time on Tuesday or Wednesday.


On Tuesday, December 12, 12:00 - 1:00 in room 30C1, we will be having our
last Brown Bag session of the year.   The speaker will be...

Berney Aucoin, Director of Commodity Structuring

Berney will be accompanied by an analyst who can give a unique first hand
account of a structuring rotation.

Please call or Email Tom Wilbeck (57536) if you plan to attend.


Anita,

No  problem.

Vince

Anita DuPont@ENRON
08/18/2000 10:27 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: White Wall Board

Shirely:

Amitava wants one of those wall size white marker boards for his office.  How
do I go about ordering one of those?  Anita


<<5-10-01.pdf>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005

 - 5-10-01.pdf


---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 02:20
PM ---------------------------

Kay Mann
11/30/2000 02:18 PM
To: ccambell@kslaw.com
cc:

Subject: LM6K Distribution

---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 02:17
PM ---------------------------
From: Kathleen Clark@ENRON_DEVELOPMENT on 05/18/2000 12:30 PM
To: kay.mann@enron.com
cc:

Subject: LM6K Distribution

Kay:

Just to let you know I am supposed to have the copies of the LM6K purchase
agreement today and was planning to distribute them today.  I thought I'd
deliver the Bank's original to Roseann along with a copy.

I'll send her an electronic copy also.


Brett -

I'm so sorry for not sending you an e-mail last night! I did test the report
and it looks just fine - but I had so many things going on right up until I
left that I forgot to tell YOU that it looked fine. Thanks for the reminder,
and for your work on the report.

Kate

From: Brett Pate/ENRON@enronXgate on 03/29/2001 09:10 AM CST
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Fwd Obligation Testing

Kate, were you able to test the Fwd Obligation Report?  Mr. Luu is ready to
push it in to production, but we wanted you to look at it and give it your ok
first.

Thanks,

Brett Pate
Enpower QA


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
05:19 PM ---------------------------

"Michael SCHILMOELLER" <Michael_Schilmoeller@pgn.com> on 04/05/2001 02:06:54
PM
To: vkamins@enron.com, Stinson_Gibner@pgn.com, Vince_J_Kaminski@pgn.com
cc: Vasant_Shanbhogue@pgn.com
Subject: Henwood Report

Tanya has been very helpful recently in helping us to understand the Enron
VAR modeling system.  So when I received this Henwood report yesterday, I
immediately thought that this was an opportunity to reciprocate.  (I have
been hoping to develop some software tools that I think you could use, but
... you know the drill.)  Although there should be no problem from Henwood's
standpoint with sharing this document with you, I would prefer that you not
pass it around outside of Research.

The PGE Generation & Engineering Services department paid for our one-year
subscription to Henwood's off-the-shelf market forecast.  They wanted a
broader perspective of the market, given their interest in building power
plants.  I was not surprised to see, however, that Henwood's 20-year price
forecast almost lies directly on top of the one that I prepare for PGE.
Henwood is slightly more bullish on gas prices and seems to be assuming
greater efficiencies of new generation.  The implied market heatrate,
however, effectively nets out much of the gas price assumption, and it
matches our own projections very well.

Be sure to save this and open it outside Lotus Notes or whatever mail system
you have now.  It is rather large and could lock up your mail.

Are you aware of any subscriptions or contracts that Enron has with Henwood?
Does London still use their model?  I will be attending a Henwood
presentation on this report tomorrow in Seattle.  Are you interested in what
I bring back?

Best Regards,
M

 - Henwood.pdf


Attached is the Management Report for Feb. 25, 2000

External Trading

 Total  25-Feb-00  To Date

 Number of Transactions   955   35,241
 Gross Notional Value $   410,062,564   11,350,579,802

 Revenue from Physical flows to date ($)    361,702,829

 Number of New Counterparties transacting today    3
 Number of Counterparties having transacted to date    229

 N.A. Gas

 Number of Transactions   779   29,150
 Volume of Transactions (mmbtu's)   181,251,076   5,804,982,603
 Gross Notional Value $   300,414,377   9,137,162,534

 UK Gas

 Number of Transactions   46   1,888
 Volume of Transactions (mmbtu's)   7,272,500   238,124,000
 Gross Notional Value $   15,227,333   477,315,343

 Belgium Gas

 Number of Transactions   3   78
 Volume of Transactions (mmbtu's)   917,500   16,472,500
 Gross Notional Value $   1,964,081   32,429,528

 U.S. Power

 Number of Transactions   65   2,977
 Volume of Transactions (MWh's)   548,361   23,494,816
 Gross Notional Value $   20,372,996   829,853,690

 UK Power

 Number of Transactions   19   167
 Volume of Transactions (MWh's)   1,450,560   7,966,153
 Gross Notional Value $   53,640,348   308,151,500

 Swiss Power

 Number of Transactions   4   28
 Volume of Transactions (MWh's)   6,785   47,051
 Gross Notional Value $   152,657   1,049,929

 German Power

 Number of Transactions   10   177
 Volume of Transactions (MWh's)   91,717   1,445,019
 Gross Notional Value $   1,744,145   27,356,113

 Spanish Power

 Number of Transactions   -     6
 Volume of Transactions (MWh's)   -     17,713,650
 Gross Notional Value $   -     631,836

 Norwegian Power

 Number of Transactions   6   97
 Volume of Transactions (MWh's)   84,960   1,739,904
 Gross Notional Value $   1,207,251   25,529,578

 Crude & Products

 Number of Transactions   4   237
 Volume of Transactions (BBl's)   552,486   26,320,184
 Gross Notional Value $   4,102,280   356,995,280

 Petchems

 Number of Transactions   2   36
 Volume of Transactions    16,000   312,000
 Gross Notional Value $   6,600,000   40,112,900

 LPG

 Number of Transactions   4   165
 Volume of Transactions (BBl's)   32,000   1,888,000
 Gross Notional Value $   1,116,500   64,682,500

 U.S. Coal

 Number of Transactions   8   82
 Volume of Transactions (st)   78   2,033,406
 Gross Notional Value $   3,091,500   28,766,183

 U.S. Pulp & Paper

 Number of Transactions   -     4
 Volume of Transactions (st)   -     2,550
 Gross Notional Value $   -     1,500,750

 Plastics

 Number of Transactions   1   1
 Volume of Transactions   1,500,000   1,500,000
 Gross Notional Value $   427,500   427,500

 Emmissions

 Number of Transactions   -     58
 Volume of Transactions   -     145,000
 Gross Notional Value $   -     18,982,650

 U.S. Weather

 Number of Transactions   2   91
 Volume of Transactions    2   96
 Gross Notional Value $   980   59,490

 UK Weather

 Number of Transactions   2   13
 Volume of Transactions    2   13
 Gross Notional Value $   617   3,678

 Number of Users Logging onto EnronOnline:
 External Users with Execution rights    808
 External Users with No Execution Rights    76

 Internal Trading
 25-Feb-00  To Date
 Gas

 Number of Transactions   88   2,413
 Volume of Transactions (mmbtu's)   39,862,109   976,457,891
 Gross Notional Value $   78,055,718   1,675,207,569

 Power

 Number of Transactions   9   67
 Volume of Transactions (MWh's)   150,574   902,846
 Gross Notional Value $   3,756,832   26,914,399

 Coal

 Number of Transactions   -     -
 Volume of Transactions (st)   -     -
 Gross Notional Value $   -     -

 Emmissions

 Number of Transactions   -     -
 Volume of Transactions (st)   -     -
 Gross Notional Value $   -     -

 Total

 Number of Transactions   97   2,480
 Gross Notional Value $   81,812,550   1,702,121,967

Regards

Louise


As we go into a possible deal with someone on Netco, we need to screen info transmitted to parties carefully and try to not send something if possible. If we need to transmit info out lets review it before it goes. Lavo or one of his people may want to review as well. Thanks Rick


That's fine with me.

 -----Original Message-----
From: 	Y'barbo, Paul
Sent:	Monday, December 10, 2001 5:50 PM
To:	Fancler, Dan; Rapp, Bill; Centilli, James
Cc:	Cobb Jr., John
Subject:	RE: Compression Contracts

How about 9:30 if James and John are available?

Paul

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Monday, December 10, 2001 5:47 PM
To:	Rapp, Bill; Y'barbo, Paul; Centilli, James
Cc:	Cobb Jr., John
Subject:	RE: Compression Contracts

Works for me.

Dan

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Monday, December 10, 2001 5:46 PM
To:	Y'barbo, Paul; Centilli, James; Fancler, Dan
Subject:	RE: Compression Contracts

I am available from 9:00 a.m. to 11:00 a.m. (but not after 11:00 a.m.) and after 2:00.

 -----Original Message-----
From: 	Y'barbo, Paul
Sent:	Monday, December 10, 2001 5:36 PM
To:	Rapp, Bill; Centilli, James; Fancler, Dan
Subject:	Compression Contracts

I am available all day on Tuesday to discuss the above subject. We need to meet to discuss this issue from purely a ETS point of view. Please let me know your availability.

Thanks,

Paul


Attached is the icon for the Financial Trading Agreement database which will
allow you to look up the status of master swap agreements we are working on.
If you cannot read the comments section and do not have edit capability let
me know and I will get you edit access.
----- Forwarded by Tana Jones/HOU/ECT on 02/09/2001 02:28 PM -----

	Michael Neves
	05/10/2000 01:12 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Financial Trading Agreements - db link

Click on the following  link to add the 'Financial Trading Agreements'
database to your Notes Workspace:

Link -->


Susan J Mara
06/08/2001 02:22 PM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Fwd: Recipient of the first Kent Wheatland Memorial Award

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/08/2001 12:21 PM -----

	"Daniel Douglass" <douglass@ArterHadden.com>
	04/24/2001 08:41 PM

		 To: <susan_j_mara@enron.com>
		 cc:
		 Subject: Fwd: Recipient of the first Kent Wheatland Memorial Award

Sue....this is exceptionally well-deserved, for all you do for the causes
which Kent, and all of us, hold dear.  Congratulations!!

Dan
----- Message from "Gary Ackerman" <foothill@lmi.net> on Tue, 24 Apr 2001
13:19:35 -0400 -----
To:
cc:
Subject:	Recipient of the first Kent Wheatland Memorial Award
Sue Mara of Enron has been named the first recipient of the Kent
Wheatland Memorial Award.  Sue was selected in consultation with many of
WPTF's Board members because of her tenacity, forth-rightness, and
courage.  She will be bestowed the honor on the evening of June 21 at
our General Meeting in Ojai, and presenting the award to Sue will be
Kent's brother, Gregg.

Please join me in congratulating Sue on her selection.  You will note
that she is not copied on this memo, but I called her this morning to
tell her the news.  She was shocked, and honored, and almost, but not
quite speechless.

gba


So is Deerfield in Mississippi?

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, June 06, 2001 8:51 AM
To: Suzanne.Adams@enron.com
Subject: Deerfield Development Review Committee Hearing - June 11th

fyi.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 08:50
AM ---------------------------

From: Steven Krimsky/ENRON@enronXgate on 06/06/2001 08:47 AM

To:   Ben Jacoby/ENRON@enronXgate, Eric Thode/ENRON@enronXgate, Steven
Rose/ENRON@enronXgate, Dave Kellermeyer/ENRON@enronXgate, Kay
Mann/Corp/Enron@Enron, Raimund Grube/ENRON@enronXgate, Lea
Sooter/ENRON@enronXgate, cabrera@pbworld.com@SMTP@enronXgate,
dsmith@edsaplan.com@SMTP@enronXgate,
currog@bellsouth.net@SMTP@enronXgate, gfhhai@msn.com@SMTP@enronXgate,
bernardkinney@aol.com@SMTP@enronXgate,
kabainc@bellsouth.net@SMTP@enronXgate,
redelstein@ensr.com@SMTP@enronXgate,
jessica@curtisrogers.com@SMTP@enronXgate,
charlotte@bitner.com@SMTP@enronXgate,
sosbourne@ensr.com@SMTP@enronXgate,
amontero@edsaplan.com@SMTP@enronXgate,
walter.bertschinger@mcmtrans.com@SMTP@enronXgate
cc:

Subject:  Deerfield Development Review Committee Hearing - June 11th

Please plan to attend the hearing next Monday the 11th at 1:00 pm at
Deerfield Beach City Hall.? Should everything go well, this will be the
only public hearing in Deerfield.

We will be getting with each of you regarding presentational material, etc.

Also, please plan to attend a pre-meeting at?Keith & Associates Monday at
10:00 am.

Regards,
Steve


fyi...

 -----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Wednesday, October 24, 2001 2:21 PM
To:	Alatorre, Hector; Alvarado, Orlando; Ambler, Margie; Anderson, Toi; Avioli, James; Beaty, Beverly; Blodgett, Kerry; Bowman, Terri; Buhrke, Cathy; Cabrera, Karina; Catlett, Laurie; Conley, Allan; Cortez, Diama; Cox, Ann; Cunningham, Larry; Dees, Debra; Doyle, Ronald; Eaton, John; Egner, Paul; Fitch, Terry; Flores, Gloria; Gallardo, E Sherri; Gallerano, John; Gensler, Quentin; Hargrove, Nancy; Heiser, Suzanne; Helburg, Charles; Hernandez, Angela; Higginbotham, Keith; Hodges, Ralph; Hungate, Cynthia; Immer, Ingrid; Kelley, Nancy; King, Mable; Kleiner, Margaret; Laird, Mary; Laughlin, Helen; Laurel, Liz; Levy, Michael; Lindloff, Monty; Loggins, Kenneth; Lowrey, Roseanne; McCauley, Laurie; Monley, John; Mott, Louella; Muenster, Kay; Nguyen, Michelle; Payne, Leon; Prevott, Rose; Prodoehl, Paul; Ramos, J Linda; Ramos, Mary; Ressel, Thomas; Roberts, Jan; Robertson, Constance; Rush, Russell; Scott, Mark; Shaull, Barbara; Silvas, Elizabeth; Sirois, Jeannette; Smith, Elsie; Symmank, Robert; Taylor, Charles; Wahlstrom, Scottie; Walleck, Lynn; Watson-Combre, Cassandra
Subject:	System Imbalance Notice

October 24, 2001

To: Transcontinental Gas Pipe Line Corporation Customers and
Shippers

Re: System Imbalance Notice

Please be advised that Transco has been experiencing excessive
negative transportation imbalances (deliveries in excess of
receipts) on its system throughout the month.  Effective
immediately, shippers are advised to avoid any additional
negative imbalances and return to a balanced position.  Absent
voluntary compliance, it may become necessary for Transco to
suspend make-up deliveries for the remainder of the month.

Additionally, effective October 26, 2001 and until further
notice, Transco will institute more restrictive practices at its
pooling points.  Transco will reduce the 4% tolerance currently
allowed at its pooling points to 1% or 1,000 dts for Shippers
with negatively scheduled imbalances (i.e. deliveries into the
pools are less than receipts away from the pools).  Shippers with
positively scheduled imbalances at their pools will be held to
the 4% tolerance levels. Transco will not enforce these pool
imbalance tolerances during the timely nomination cycle; however,
Shippers are expected to balance their pools to the limits
identified above by the ID2 nomination cycle.  Transco may
proactively decrease markets to bring them in line with supplies
at pooling points.

If you have any questions, please call Terry Fitch at (713) 215-
3361 or John McGrath at (713) 215-2514.

Terry C. Fitch
Manager
Gas Operations


Start Date: 4/1/01; HourAhead hour: 14;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040114.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 14 / Preferred:  20.00 / Final:  23.17)
  TRANS_TYPE: FINAL
  SC_ID: TOSCO
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  UNIT_ID: UNCHEM_1_UNIT

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 14 / Preferred:  50.00 / Final:  39.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 14 / Preferred:  15.00 / Final:  11.66)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred:   0.50 / Final:   0.33)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred:   5.46 / Final:   4.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred:  49.80 / Final:  40.00)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  SC_ID: EPMI


Marcel -- your last clarification would be fine -- it's the truth, the
upstream volumes can flow into any of the downstream takeaway capacity.

----- Original Message -----
From: Marcel Hawiger <marcel@turn.org>
To: Tom Beach <tomb@crossborderenergy.com>; Cherry, Brian - TPBKC
<BCherry@sempra.com>; Norman A. Pedersen <napedersen@JonesDay.com>
Cc: 'Pocta, Robert M.' <rmp@cpuc.ca.gov>; Cherry, Brian - TPBKC
<BCherry@sempra.com>; <AlexanMS@sce.com>; <paulamirault@aec.ca>;
<david.bayless@utility.com>; <Burkee@cts.com>; <Craigc@calpine.com>;
<Rick.Counihan@greenmountain.com>; <Jdasovic@enron.com>; <Mday@gmssr.com>;
<bdingwall@unitedgas.com>; <Douglass@arterhadden.com>; <eke@aelaw.com>;
<Jfawcet@enron.com>; <rfoss@coral-energy.com>; 'Gileau, Patrick L.'
<plg@cpuc.ca.gov>; <johnj@bcjlaw.com>; <Johnson_Pamela@lacoe.edu>;
<karpjos@sf.whitecase.com>; <jleslie@luce.com>; <kmccrea@sablaw.com>;
<jmpa@dynegy.com>; <porterdk@sce.com>; <RochmanM@cubjpa.org>;
<RochmanM@spurr.org>; <susan.scott@enron.com>; Betonte, Robert - TP2RSB
<RBetonte@socalgas.com>; Brill, Thomas R. <TBrill@sempra.com>; Follett, B.
David - TPDBF <DFollett@sempra.com>; Harrigan, James P. - TP1JPH
<JHarrigan@soca
Sent: Friday, June 16, 2000 11:39 AM
Subject: Re: Final Late Exhibit Draft

> At 6/16/2000, Tom Beach wrote:
> >On behalf of Watson and Vernon, I strongly object to the removal of the
data
> >on the takeaway capacity to other markets besides the SoCalGas system, as
> >Norman apparently proposes in his draft exhibit.  Without the data on
> >takeaway capacity to other markets, the exhibit suggests that all of the
> >upstream interstate and PG&E capacity is designed to serve just the
SoCalGas
> >market.
>
>
> The question is not what is designed to "serve" the SoCalGas market, but
> what is the upstream capacity flowing to SoCal's interconnection points
> that could theoretically serve SoCalGas if there was no limitation on
> SoCal's takeaway capacity.  Based on this, Norman's exhibit seems OK
unless
> there is some physical system constraint (besides SoCal's takeaway) that
> would limit potential inflow into the SoCalGas system.
>
> The problem with SoCal's last exhibit is that there is still no
> clarification of whether the upstream gas could flow into ANY ONE of the
> take away pipelines.  Maybe this could be clarified somehow (in a
footnote)?
>
> Marcel
>


I have a 1:30- 2:30 and a 2:30 - 3:30 both are customer accounts meetings, I would like to be included in this meeting.

John Buchanan

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Thursday, February 28, 2002 9:56 AM
To:	Watson, Kimberly
Cc:	Buchanan, John
Subject:	RE: Discounting of GRI on One-part Contracts

Can we move it back to 3pm...someone just scheduled another meeting for our upcoming implementation.

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Thursday, February 28, 2002 9:52 AM
To:	Brown, Elizabeth
Cc:	Buchanan, John
Subject:	RE: Discounting of GRI on One-part Contracts

How about today (Thursday) at 2:00.  Can you come to EB1336?.  John, are you available, also?

Thanks, Kim.

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Wednesday, February 27, 2002 7:50 AM
To:	Watson, Kimberly
Subject:	RE: Discounting of GRI on One-part Contracts

Sorry for the delay in response...I'm up to my ears in preparation for TW's new contracts/capacity release implementation.  I am available both Wednesday and Thursday afternoon.  Please let me know which is better for you.

Thanks,
Elizabeth

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Monday, February 25, 2002 11:25 AM
To:	Brown, Elizabeth
Subject:	RE: Discounting of GRI on One-part Contracts

Elizabeth, Yes I would like to discuss this with you.  My schedule for Wednesday afternoon or Thursday looks good.  How about you?

Kim.

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Tuesday, February 19, 2002 12:39 PM
To:	Buchanan, John; Watson, Kimberly
Subject:	Discounting of GRI on One-part Contracts
Importance:	High

It again appears that some one-part contracts have not had the GRI commodity portion discounted to zero whenever possible.  This detail needs to be reviewed monthly since it  impacts Transwestern's bottom line.  Can we discuss so that everyone is on the same page?  Maybe we need a point person in the scheduling group to review a monthly report and identify who within Marketing will be updating/correcting the rates in CBS.

Examples of discounted contracts in January 2002 where we paid out to the GRI rather than discounting to zero and taking the money to income:
Sempra K #27808
PG&E Energy Trading K #27796
Western Gas K #27797
Agave K #27377
Tenaska K #27792

Please let me know what your thoughts are.

Thanks,
Elizabeth


When: Thursday, November 01, 2001 1:30 PM-2:00 PM (GMT-06:00) Central Time (US & Canada).
Where: TBD

*~*~*~*~*~*~*~*~*~*

This is  a new day and time for this meeting.  Thank you and I apologize for any inconvenience.

Background:  A request was received by the Gas Tactical group that would have implications on the system you use.  The request was to have the existing warning window appear if the trader enters a date that is before the date of the trade.  Knowing that there are times where trades can be back dated we cannot restrict this but to have the trader see a warning window appear to make them double check their dates (if they are for a previous date) would be beneficial to the requestor.  If they know the date is correct they would have the option to continue with the terms.

Often times, due to human error, Book Admins see mistakes made where the trade date is 10/15/01 and the terms are 10/01/01 to 10/31/01.  Because we are in the middle of the month a red flag is being raised with the Book Admins to question this trade.  Often times it is found that it was a mistake.  To date the system will only show a warning window if the trade terms were for 9/01/01 to 9/30/01.

Request Review:  Is it possible to allow the existing warning window to display for a date that is before the trade date (even a day before) and not just for a different month?

Thank you in advance.

Monica Clay
x 57227


Sarah,

As I have not yet heard from Jayshree, I thought I would convey the gist of our phone conversation by e-mail.

Over the last several days, we in the research group have looked at ORACLE risk management databases and Enrononline data to corroborate the profitability numbers for power and gas trading.  Our analyses yield figures which are substantially at variance with what is normally believed to be the case.  Of course, there may well be information sources we are not privy to.  Moreover, we found some irregularities in the data which only serve to raise our doubts about the quality of the data.

As a result, we are not able to make an authoritative statement about the profitability of power and gas units. As we are not able to intepret the data ourselves, we have provided the spreadsheets so you can draw your own conclusions.  Thanks.

Rakesh Bharati
Phone: (713) 853-0936
Fax:     (713) 646-2503


pls print.  t hanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/19/2001
08:31 AM ---------------------------

Stanley Horton
03/13/2001 01:25 PM
Sent by: Cindy Stark
To: Bill Cordes/NPNG/Enron, Shelley Corman/ET&S/Enron, Steve
Hotte/Corp/Enron, Rod Hayslett/FGT/Enron, Phil Lowry/OTS/Enron@ENRON, Danny
McCarty/ET&S/Enron@Enron, Rockford Meyer/FGT/Enron, Michael Moran/ET&S/Enron,
Drew Fossum/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, James
Prentice/GPGFIN/Enron, Gary P Smith/OTS/Enron@ENRON, Mike McGowan/ET&S/Enron,
Margaret Carson/Corp/Enron@ENRON, Lorna Brennan/ET&S/Enron, Rick
Dietz/ET&S/Enron@ENRON
cc: Virginia O'Neill/NPNG/Enron, Ruth Mann/ET&S/Enron, Rita
Houser/GPGFIN/Enron, Kathy Campos/GPGFIN/Enron, Amelia Alder/OTS/Enron@ENRON,
Julie Armstrong/Corp/Enron@ENRON, Anne Jolibois/FGT/Enron, Emily
Sellers/ET&S/Enron, Martha Benner/ET&S/Enron, Ricki Winters/ET&S/Enron@Enron,
Janice Hogan/GPGFIN/Enron, Carolyn Perry/OTS/Enron

Subject: ETS HALF DAY STAFF MEETING AGENDA - MARCH 21, 2001

Please reference the attached agenda.  If you have any questions or concerns,
do not hesitate to call me.

Please be sure to advise me if you are UNABLE to attend!

Thanks,
Cindy
X36197


Rick,

I know that you are extremely busy, but I would appreciate it if you could spare a couple minutes today or sometime tomorrow.  I only need about ten minutes of your time.

Geriann


If you need it, I've got a contract brief that lists the transport cost and
fuel from each location (there numerous receipt points).  It is possible that
we may need to purchase extra gas for the plant on occasion.  In that case,
we can use the same transport contract on Lone Star and transport on other
pipes also.  Any expense we incur to deliver gas to the plant will be passed
on to the plant.

If you have any questions, let me know.

D

Katherine Benedict
11/22/2000 11:23 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Cornhusker

Hi Darrin,

This is what Mark McCoy sent me about the Cornhusker Deal.  Please review and
if there is anything else that Rita Wynne or I need to know about this deal,
just shoot me an e-mail!

Thanks for calling me back!

Happy Thanksgiving,

Kathy

---------------------- Forwarded by Katherine Benedict/HOU/ECT on 11/22/2000
11:19 AM ---------------------------

Mark McCoy@ENRON
11/22/2000 08:12 AM
To: Katherine Benedict/HOU/ECT@ECT
cc:
Subject: Cornhusker

Kathy-----Here is what I know about Cornhusker:

Our supply comes from Apache & Williams

Our market typicially is the plant (Tenaska IV Partners)
If the plant is down, Brazos Utility has the right to the gas if they want it
If Brazos does not call for the gas, then we will sell off to whomever we can

We just get a flat fee on this gas per MMBtu, whether it goes to the plant or
not

Daren Farmer knows the specifics about the deal

Hope this helps, call with any questions.

Mark
x33396


Larry,  The letter looks fine to me.

 -----Original Message-----
From: 	"Lawrence J. Hand, Jr." <lhand@lemle.com>@ENRON [mailto:IMCEANOTES-+22Lawrence+20J+2E+20Hand+2C+20Jr+2E+22+20+3Clhand+40lemle+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, July 23, 2001 5:20 PM
To:	Owen, David; Gerald Nemec (E-mail)
Cc:	Robert. D. Morgan (E-mail)
Subject:	napoleonville dewatering

Joe Ball does not work on Mondays and he has not returned my call and
email of last week.  Attached is a draft of a letter I intend to send to
Joe re: dewatering.  Please let me know if it acceptable.

 <<Joe Ball (Storage Cavern).DOC>>
Lawrence J. Hand, Jr.
Lemle & Kelleher, L.L.P.
601 Poydras Street, Suite 2100
New Orleans, Louisiana 70130
Phone: 504-586-1241
Fax: 504-584-9142
PRIVILEGED & CONFIDENTIAL COMMUNICATION: DO NOT read, copy or
disseminate this communication unless you are the intended addressee.
This communication may contain information that is privileged,
confidential and exempt from disclosure under applicable law. If you are
not the intended recipient, you are on notice that any unauthorized
disclosure, copying, distribution, or
taking of any action in reliance on the contents of the electronically
transmitted materials is prohibited. If you have received this
communication in error, please call (collect) immediately at (504)
586-1241 and ask to speak to the sender of the communication. Also,
please notify immediately via e-mail the sender that you have received
the communication in error.

 - Joe Ball (Storage Cavern).DOC << File: Joe Ball (Storage Cavern).DOC >>


Ken, Below is the revised language for the restriction on activities paragraph in the Cash Sale Form

The Property is restricted in that no activity using explosives or other high-power detonating devices may be conducted on the Property within 500 feet of the storage well facility of Vendor located near the Property that would fracture or cause subsurface movement to the storage well facility of Vendor.  Additionally, Buyer shall erect and maintain, at its sole cost and expense, a suitable chain-link fence between Vendor's retained adjacent property and the purchased Property.


-----Original Message-----
From:  navigator@nisource.com@ENRON
[mailto:IMCEANOTES-navigator+40nisource+2Ecom+40ENRON@ENRON.com]
Sent: Wednesday, May 16, 2001 9:22 AM
To: navigator@nisource.com
Subject: CAPACITY ALLOC-TIMELY NOMINATION CYCLE FOR MAY 17, 2001

                      COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                  MAY 16, 2001

Notice ID: 2733
5 - NO RESPONSE REQUIRED

SUBJECT: CAPACITY ALLOCATION-TIMELY NOMINATION CYCLE FOR MAY 17, 2001

Excess MDWQ            Available +
ISS Withdrawals        Available
SIT Withdrawals        Available
Imbalance Drawdowns    Available
Pal Lends              Available

Excess MDIQ            Available +
ISS Injections         Available
SIT Injections         Available
Imbalance Paybacks     Available
PAL Parks              Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Columbia Gas Transmission has completed allocating all of its receipt and
delivery points for the gas days of May 17, 2001.  You may now view the
quantities you are authorized to flow on May 17, 2001.  On the Internet
NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for
Service
Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations.
The quantities confirmed to flow for your account are available on the
Internet
NAVIGATOR after 5:30 p.m. Eastern Time on Wednesday, May 16, 2001.

If you have any questions, please contact your Account Representative.


Maria,

I think that the curve names are the same for index as for basis (which you currently pull), except that you specify the curve type as index instead of basis.  I've never looked in the database, so I've never seen the fields.  Hope this helps.

Mat


Check out eBiz for the scoop on Enron's involvement in U.S. Election 2000.
Get the answers to your questions about the Enron PAC and Enron's corporate
political contributions!

Also in the current issue of eBiz:

Enron teams up with the largest energy consumer on the face of the planet
What's happening in the PGE/Sierra-Pacific sale
See where Houston ranked in a national construction survey
What Enron has to do with blues music

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then
click eBiz, and "eBiz August 11, 2000."


Pat, thanks for the update.  By the way, did you talk with  Fran Mayes, who
went to the management presentations last week?  She may have some of the
missing information.  Dee, you might want to check with her for data.
Thanks.  Michelle


---------------------- Forwarded by Carol St Clair/HOU/ECT on 05/08/2000
11:46 AM ---------------------------

Carol St Clair
05/08/2000 11:32 AM
To: kidventure@hypercon.com
cc:
Subject: Camp Registration

To whom it may concern:
This morning I filled at an online registration form for Camp Enron for my
son Arthur for the June 26-30 and July 10-14 sessions.  I wish to confirm
your receipt of my application.  I also wanted to know who I should send the
release form to.  My phone number is 713-853-3989 and my e-mail address is
Carol.St.Clair@enron.com.

Thank you.

Carol


It is with sadness and regret that we announce that Cliff Baxter is resigning as an employee of Enron.  We are happy, though, that Cliff's primary reason for resigning is to spend more time with his family.

Cliff is a unique talent.  His creativity, intelligence, sense of humor, and straightforward manner have been assets to the company throughout his career.  He will be missed.

Cliff joined Enron in 1991 and was a key member of the team that built Enron's wholesale business.  Before becoming Vice Chairman of Enron, Cliff served in a variety of positions in Enron's wholesale businesses, culminating in his appointment as Chairman and Chief Executive Officer of Enron North America in 1999.

We have asked Cliff, and he has agreed, to continue in a consulting role for the company while concluding negotiations on a number of key asset dispositions.

Please join us in thanking Cliff for his service to the company and in wishing him the very best.


Larry and Joe,

Is there any additional moral pressure that we can put on Westinghouse to get
the resources needed to expedite the resolution of the Gleason 501FD issues
and the vibration issues at Wheatland?  The phone call by Larry to GE has
made a world of difference.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/17/2000
08:18 PM ---------------------------

Gavin Gaul@ENRON_DEVELOPMENT
05/17/2000 03:01 PM
To: Mark Dobler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: John Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike J
Miller/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, David W Delainey@ECT,
Robert P Virgo@ECT, Bill Fox/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis
Alexander/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Gleason Blade Ring Schedule

Mark,

We have been working diligently with Westinghouse to get a schedule for the
removal and modification of the blade rings at Gleason.  I requested
Westinghouse begin to prepare for this work on Sunday after you confirmed
that we could no longer tolerate the operating restriction being added to the
unit.  Based on discussions with Westinghouse on Sunday, we estimated that
the work could be completed in 14 days.  The site began disassembly of unit
#2 on Monday.  Unit #1 disassembly began on Tuesday because we had to wait
for the unit to cool down.

The first verbal schedule from Westinghouse was received Monday night.  It
showed the blade rings being machined in series at a single shop and resulted
in the lasy unit being delayed about 4 days.  I told Westinghouse this would
not be acceptable and that the blade rings needed to be machined in
parallel.  Westinghouse agreed and has made a second shop available.  Another
schedule was published yesterday afternoon that required an additional step
in the disassembly that I felt was not required and added a day to the
duration.  Westinghouse suggested that we remove the compressor blades from
the rotor before we remove the blade rings.  I have since concluded that
removing the rotor blades first is in fact the correct procedure.

As we discussed at the meeting this morning, this schedule for the blade
rings, which has been at the site since last night,  will be distributed to
everyone today.  In addition, the site will incorporate the remaining startup
activities and issue an integrated schedule tonight.

As we discussed at the meeting this morning, it is very unlikely that Gleason
#1 and #2 can be available by June 1.  Our optimistic estimate from the
meeting this morning was June 4-7.

Gavin

To: John Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gavin
Gaul/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mike J Miller/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, David W
Delainey@ECT, Robert P Virgo@ECT, Bill
Fox/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Gleason Blade Ring Schedule

John/Gavin -

We have made progress over the last week in getting GE attention focused on
the emissions problems at Lincoln.  After 6 days of daily conferences on the
subject, GE has arrived in force at Lincoln, with the personnel and resources
required to address the problem.  We are not out of the woods yet, but I
believe everything is now being done that can be done to get as many machines
available as possible by June 1.

Enron needs the same focus from Westinghouse, on  issues currently plagueing
Wheatland and Gleason.  Unlike Lincoln, where the machines are capable of
producing MW's, these two sites have units that cannot operate.  Namely,
vibration issues on units 1 and 2 at Wheatland and compressor blade ring
issues on units 1 and 2 at Gleason.

ENA has been requesting since Monday this week, a definitve and complete
schedule from EECC, showing the disassembly, shipping, machining, reassembly
and testing of units 1 and 2 blade rings at Gleason.  We still do not have
this schedule.  Furthermore, it would appear that after this morning's
meeting, there is some confusion on what work actually needs to be performed
in order to accomplish this task and what impact that may have on the 14-day
schedule committed to ENA by Gavin Gaul on 5/15.  I am not sure whether the
communication breakdown is between business units at Westinghouse or between
Enron and Westinghouse, but a schedule and plan is the first step towards
getting the work done and we are two days into the work.  I am expecting this
plan to be circulated today.

Lastly, although we have been verbally assured by Westinghouse that there
will be no operating restrictions, other than routine borescope inspections
during off-peak periods, OEC would be more comfortable getting this in
writing.  We are requesting a formal notice from Westinghouse, identifying
any operational restrictions (post-blade ring repair) on these units.

If there is any assistance you require, please do not hesitate to request
it.  We collectively have 14 days to declare all 15 units ready for
commercial operation.

MSD


Hi Vince

Following our PRC meeting yesterday, here are the high-level facts as I
presented them:
Ben Parsons, overall: satisfactory.  Good interpersonal skills, we have
questions on his quant abilities.  Reluctant to discuss/share his modelling
work, and that which I have seen has too many hand fixes to give me
confidence in his rigour.  Other EnronCredit.com feedback indicates that he
is sometimes prepared to compromise quant analysis to keep the traders happy.
Matthew Williams, overall: excellent.  Superior quant skills, excellent
everywhere else.  Recommended for promotion to Senior Specialist.
Kirstee Hewitt, overall: excellent.  A solid all-round performance, and a
huge workload.  In recognition of the level of responsibility Kirstee is
bearing I'm recommending her for promotion to Senior Specialist.
Sharad Agnihotri, overall: excellent.  Superior quant skills, excellent
everywhere else.  Very self-directed and commercial-minded.  Already
operating at manager level in my opinion.  Flagged for promotion next
mid-year if performance continues at this level.
Slava Danilov, overall: excellent.  Superior quant skills, excellent
everywhere else.  As a non-commercial-type quant he is hard to fault, but
will probably never work on a trading desk.  Already operating at manager
level in terms of his depth and rigour of analysis, and the extent to which
he is contributing to the team.  Flagged for promotion next mid-year if
performance continues at this level.

Steve


----- Forwarded by Tana Jones/HOU/ECT on 05/15/2000 05:45 PM -----

	Tom Moran
	05/15/2000 05:42 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
		 cc: Tom Moran/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT,
Connie Sutton/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Molly
Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Samuel
Schott/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts
and Facilities
		 Subject: EOL / Credit / GCP Responses 5/15/00

Please find attached Credit's EOL responses for 5/15/00

Regards
tm


1. Receivables Backed Finance:	Tim Proffitt
2. Pledge of Contracts:		Lisa Bills
3. El Paso Set-Off:		Chuck Ward
4. TXU Repricing/Buyback:	Don Miller


interest?
---------------------- Forwarded by Doug Gilbert-Smith/Corp/Enron on
05/21/2001 11:23 AM ---------------------------

Kim.A.Noren@dynegy.com on 04/20/2001 03:01:54 PM
To: doug.gilbert-smith@enron.com
cc:

Subject: Ancillary Services RFP

If you have any questions please contact Ken Cowan- 713-507- 6574

(See attached file: Ancillary Services Request For Proposal.doc)
 - Ancillary Services Request For Proposal.doc


THANK YOU to everyone who has participated in this year's United Way Campaign!
Together we are Building Houston's Future.

We have good news for those of you who have not yet had a chance to participate - the campaign has been extended through the week of August 27. The winner of the two airline tickets will not be drawn and announced until Friday, August 31.

As a pacesetter company, Enron always sets the standard for the rest of Houston. We are so close to making our goal of $2.9 million. With your help, we will reach (or even exceed) that goal!

To make your pledge, please log on to http://home.enron.com and click on the United Way Building Houston's Future logo. You will need your GIS ID and password in order to complete the pledge process. Your GIS ID is an eight digit number that starts with a 9. If you do not know your GIS ID, or if you need help keying your pledge in to the system, please call the GIS Help Desk at ext. 3-5666.


Kit Blair has started working in Volume Management today.

Prior to Enron, Kit worked with Starbucks Coffee Company as a Store Manager
and as a Financial Analyst. He is a '00 graduate of the University of Oregon
with a degree in Business Administration and Finance.

Please welcome Kit to our Portland office!

Thanks - MO


I would recommend floor meetings on 37 (we occupy almost the entire floor)
and on the operations end of floor 32.  That would cover everyone pretty
well.  Thanks. --Sally

From: Peggy McCurley/ENRON@enronXgate on 04/09/2001 05:01 PM
To: Sally Beck/HOU/ECT@ECT
cc: Greg Piper/ENRON@enronXgate
Subject: RE: Suggestions for Floor Meeting Locations

Hi Sally -

Taking care of Philippe's emails while he's out.  Are there one or two floors
that are occupied fully by your groups?  Please tell me the floors (probably
two) where you would like the meetings and I will call Patti to coordinate
your availability to attend.  I'll then send an email to your people
notifying them of such.

Thanks,

Peggy

 -----Original Message-----
From:  Beck, Sally
Sent: Monday, April 09, 2001 11:54 AM
To: Philippe A Bibi/HOU/ECT@ENRON; Piper, Greg
Subject: Suggestions for Floor Meeting Locations

The floors chosen for these meetings appear to be geared to the IT teams.
Between my operations teams dedicated to EA, EGM and EIM, I have roughly 500
employees in the Enron building.  Do you want all of them to choose one of
the floors noted in your e-mail message, or would it be better to schedule
one or two floor meetings in locations that more easily incorporate this
segment of Net Works?  I have noted below the approximate number of employees
per floor (including only those floors with a significant number of
operations employees):

  29th Floor (trading) 67 employees  EGM risk, vol. mgmt., confirms,
settlements and EIM risk

  30th Floor (trading) 35 employees  EGM risk, confirms, settlements (various
products)

  31st Floor (trading) 52  employees  Power risk, confirms, vol. mgnt.,
settlements and DPR           and MPR teams

  32nd Floor (trading) 117 employees  Gas risk, logistics (all regions),
operational analysis

  37th Floor   148 employees  Gas vol. mgmt., settlements, and global
services
Also, given the fact that operations is a relative "newcomer" to Enron
Networks and yet represents a large number of employees in the group, I would
be happy to work with you on remarks for all of the floor meetings to make it
easier for you to be fully inclusive in these sessions.   --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/09/2001 10:30 AM
---------------------------
   Office of the Chairman - Enron Net Works LLC

From: Office of the Chairman - Enron Net Works LLC@ENRON on 04/09/2001 10:13
AM
Sent by: Enron Announcements@ENRON
To: ENW-Employees_Houston
cc:
Subject: Net Works Floor Meetings - DATES AND LOCATIONS HAVE CHANGED PLEASE
READ

We will be holding floor meetings on the following dates.  Please join us for
a general overview and Q&A session on one of the following floors:

Tuesday, 4/17/01 - 2:00 - 3:00 p.m.  Location:  In front of EB2711

Wednesday, 4/25/01 - 2:00 - 3:00 p.m. Location:  In front of EB2265

Thursday, 4/26/01 - 2:00 - 3:00 p.m.  Location:  In front of EB2556

Philippe & Greg

Please disregard the email sent on 4/6/01.  We apologize for any
inconvenience.


I think this is a great idea -- continuing to fly flags at half mast until the infidels are brought to justice!  Can we promote
    this policy?

-----Original Message-----
From: Sent: Thursday, September 20, 2001 6:07 PM
To:

-----Original Message-----
Date: Thu, 20 Sep 2001 17:30:35 -0400

So here is my idea...

Being that I'm a simple housewife, I tend to be more consumed with my day to day life than with the plight of the USA.  So, as a constant reminder to the average Jane like me, I would like President Bush to keep the US flag at half mast until Osama Bin Laden is brought to justice.  So  that every time I pass a flag, I will remember the thousands of people that died and still might die due to terrorism.  And when justice is finally served, I think it would be a great way to celebrate by all of the US raising our flags (our heads) up high.  I have never asked anyone to forward anything in my life.  Please,  just this one time,  could you forward this, so maybe somewhere, the powers that be might will consider doing this.  Thank you very much.
                                    Judi


Oh, my gosh!!!!  I was just looking at CNN on the Internet and there was Kofi
Annan and I think (although I'm not certain) I saw Yao standing right behind
him!  Have you heard anything about Yao becoming Kofi's right-hand man?  If
so, I bet this is why he has been too busy to contact his old friends.

Marie Heard
Senior Legal Specialist
Enron Broadband Services
Phone:  (713) 853-3907
Fax:  (713) 646-8537
Marie_Heard@Enron.net

	Tana Jones@ECT
	06/22/00 01:37 PM

		 To: Marie Heard/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: Yao Apasu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON COMMUNICATIONS@ENRON
		 Subject: Re: Where are You???????????

Marie,

Obviously, you are not "in the know".  The word on the Enron streets is that
Yao is brokering the peace in Bosnia, and that is why he is too busy to call
his old friends!


FYI.
----- Forwarded by Alan Aronowitz/HOU/ECT on 10/16/2000 03:48 PM -----

	Susan Musch@ENRON_DEVELOPMENT
	10/16/2000 10:59 AM

		 To: Jane McBride/AP/Enron@ENRON
		 cc: Alan Aronowitz/HOU/ECT@ECT@ENRON, Jan-Erland Bekeng/AP/Enron@Enron,
Darren Delage@Enron
		 Subject: Re: ENA - Darren Delage

Jane,

Attached are 2 series of e-mails regarding how the trades that Darren will be
entering into should be structured.  Gary agreed (while I was in New York)
that because of the Japanese tax concerns, we need for Enron Japan (e.g.,
Darren) to enter into the trades as principal and then enter into mirror-ish
trades with ENA.

The one issue that Gary raised when we spoke was that he wants the management
reporting of the income from those trades to go to his group.  I told him
that my understanding is that that should not be a problem.  Jan-Erland,
please let me know if my understanding is incorrect.

Where we are right now with respect to the structuring process is that
Jan-Erland is working on the margin (as set forth below in his attached
e-mail).  Jan-Erland, would you please let us know where we stand with this
process?

Best regards,
Susan

Jan-Erland Bekeng@ENRON
10/03/2000 09:21 PM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Darren Delage/AP/Enron@Enron, Jane McBride/AP/Enron@Enron

Subject: Re: Japan Entity structuring

All

We should use the margin or fee a broker would get. Darren and I will
investigate.

JEB

Susan Musch@ENRON_DEVELOPMENT
10/04/2000 11:08
To: Darren Delage/AP/Enron@ENRON
cc: Jane McBride@Enron, Jan-Erland Bekeng/AP/Enron@Enron
Subject: Re: Japan Entity structuring

Darren,

I talked with Gary last week and explained that based on the Japanese tax
advice that we have received from Baker & McKenzie-Tokyo, we cannot follow
the same approach that we followed for the financial traders in the London
and Sydney offices.  That is, instead of having the trader, as an employee of
the local office, provide services for ENA, we need to  have back-to-back
trades between Enron Japan ("EJ") and Enron North America ("ENA").  Under
this scenario, you would be an Enron Japan ("EJ") employee who would enter
into the trades for EJ as principal.  Then, EJ would enter into mirror trades
with ENA.  Under this approach, we have to figure out what margins should be
retained by EJ.  These back-to-back trades would need to be entered into at
an arms' length rate.  The amount of margin retained by EJ should be based on
what risk it retains and the value it generates/costs it incurs in entering
into those trades.

Do you, Jane or Jan-Erland have any thoughts on what margin should be
retained by EJ?  Are there any third party comparables we can use to
determine the margin?

Also, Darren how long do you plan to be in the Tokyo office?

Best regards,
Susan

From: Darren Delage@ENRON on 10/03/2000 06:10 PM ZE9
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Japan Entity structuring

Hi Susan, I have not heard anything from Gary regarding structuring of
financial trading operation in Tokyo. Do you have any further information
relating to this?

Sincerely,
Darren

Susan Musch
09/25/2000 08:43 PM
To: John Viverito@Enron, Alan Aronowitz@ECT, Sara Shackleton@ECT, Jane
McBride/AP/Enron@Enron
cc: Alan Aronowitz@ECT (bcc: Susan Musch/ENRON_DEVELOPMENT)

Subject: Enron: Japan-Based Trader/PE and TP Issues

Based on Ed's e-mail, given that Darren Delage will be in the Tokyo office
entering into trades, we should pursue a back-to-back trading arrangement.
That is, Darren would be working for Enron Japan ("EJ")  and would enter into
the trades for EJ as principal.  Then, EJ would enter into mirror trades with
ENA.  The tax issue then is a transfer pricing issue.  Ed previously advised
that the margin should be based on a profit-split method.  In his June 23rd
memo, he advised:

"Such a profit split would likely be along the lines of the various profit
split methods that have been used to allocate profits among branches or local
entities of banks and financial institutions that engage in global trading
operations.  As we expect you are aware from experience in other
jurisdictions, there is no clearly agreed upon set of factors to use in
profit splits for global trading operations, but typical profit split factors
employed have been trader compensation, back office compensation, a location
or value factor, and perhaps a risk or capital factor.  If our sense is
correct that a profit split would ultimately be determined to be the
appropriate price method, this could entail a substantial effort to make the
necessary functional analysis to develop the profit split.  These are initial
impressions only and, on your request, we can evaluate the appropriate
pricing method for the Japan financial trader operation in detail."

Basically, under a profit split approach, Enron Japan should earn a margin
depending on what risks it retains and the costs it occurs with respect to
these back-to-back trades.  The amount of the margin is something that we'll
have to develop, based on how comparable unrelated trades would be priced.

Please let me know if you have any questions or need any additional
information.

Best regards,
Susan

---------------------- Forwarded by Susan Musch/ENRON_DEVELOPMENT on
09/25/2000 08:04 PM ---------------------------

Edwin.T.Whatley@BAKERNET.com on 09/24/2000 10:54:02 PM
To: Susan.Musch@enron.com
cc: jane.mcbride@enron.com, john.viverito@enron.com,
Jeremy.Pitts@BAKERNET.com, Alan.Aronowitz@enron.com,
Paul.TYO.Davis@BakerNet.com, Yukinori.Watanabe@BAKERNET.com

Subject: Enron: Japan-Based Trader/PE and TP Issues

Dear Susan:

We confirm that we continue to recommend the basic approaches put forward in
the
June 23, 2000 memo:  either (1) use back-to-back transactions if it is
essential
to have Japan-based personnel trading for ENA or other offshore affiliates or
(2)(preferable purely from the tax standpoint if acceptable in light of
operational considerations) have personnel at Enron Australia (or other
affiliate in an appropriate time zone) handle the Japan trading.

Your description of the back-to-back trades as "mirror" transactions is
correct
in the sense that the trades would be symmetrical in order to transfer to ENA
or
other offshore affiliate the position it wants to take in the covered trade.
The terms might differ depending what decision is made about what mechanism to
compensate Enron Japan for transfer pricing purposes, i.e., if some margin
were
built into the back-to-back trades to compensate Enron Japan.  As discussed in
our June 23 memo, the transfer pricing issues are potentially difficult in
view
of the limited authority in this area, but in our view, such pricing issues
would present less exposure than structuring the operation so that it would
constitute a PE.

If you have any questions, or if we can provide further  assistance with this
matter, please let us know.

Best regards, Y. Watanabe/E. Whatley

Edwin.T.Whatley@bakernet.com
Phone: 81-3-3796-5857 Fax:81-3-3479-4224
Registered in Japan as an Attorney at Foreign Law;  Jurisdiction of  Primary
Qualification--California; Designated Law--Washington, D.C. and All U.S.
States
Except Louisiana

-----Original Message-----
From: Susan.Musch@enron.com [mailto:Susan.Musch@enron.com]
Sent: Monday, September 25, 2000 10:41 AM
To: Paul.TYO.Davis@BakerNet.com; Edwin.T.Whatley@BAKERNET.com
Cc: jane.mcbride@enron.com; john.viverito@enron.com;
Jeremy.Pitts@bakernet.com; Alan.Aronowitz@enron.com
Subject: Re: Trader

Paul and Ed,

I want to confirm my understanding of your advice from last week (attached
below).  I think you're advising consistent with what Ed had advised back
in June, but I'm not totally sure.  That is, it would be best to have
back-to-back trades between Enron Japan ("EJ") and Enron North America
("ENA").  Under this scenario, DD would be an EJ employee who would enter
into the trades for EJ as principal.  Then, EJ would enter into mirror
trades with ENA.  The issue, as I understand it, under this scenario is
that the NTA could assert transfer pricing issues if the trades between EJ
and ENA weren't at arms' length.  Would you please confirm that this is
your conclusion on how the trades should be structured?

 I am trying to get this structure resolved by Monday night (Houston time)
so I would appreciate your thoughts in an e-mail during your Monday.

Best regards,
Susan

Jane McBride@ENRON
10/16/2000 07:18 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Alan Aronowitz/HOU/ECT@ECT

Subject: ENA - Darren Delage

Hi Susan,

Just wondering whether you and Garry Hickerson had been able to work out the
right structure for the work Darren is doing here.  Is there any further
information we can give you (because I guess Darren is continuing to do his
thing).

Jane


In an effort to enhance information exchange at Enron, we are conducting a
survey.

Please take a few minutes to answer the questions.  Click below.

Thank You,
The EnronAnywhere Team

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
1.  Launch by copying the address below into your browser, or
2.  If you continue to have technical difficulties, please send an email
message to enronanywhere@enron.com
3.  Please do not forward this link to anyone else, as it is unique for each
respondent.

http://etcsurvey.corp.enron.com/wi/p0461950/i.asp?r=7753&s=IKRGQSKS&l=9


Shawna,

Attached is a Contract Preparation Request for a Master Firm Purchase/Sale
Agreement for the generic physical transactions with United Oil & Minerals,
Inc.

Russell,

Please provide Credit Department approval to Tana Jones to prepare a Master
Agreement for Financial Transactions for the same counterparty.

George x3-6992


Tracy,

I drafted a list of main duties a contributor administrator would have. This
may help you decide if you would like to have an admin aside from the admin
for the Corp. application.

 <<Contributor Administrator.doc>>

Demetrics Tyson
Adaytum Consulting Services
214.704.5329


-----Original Message-----


Fred, as a follow-up to our telephone conversation, we would like to launch
some new products on EnronOnline -- swaps on coffee, sugar and cocoa (the
agricultural "softs").  We would like to know if Canadian law presents any
sort of restrictions or other issues with respect to financially settled
derivatives on these commodities.  We would like an analysis with respect to
both swaps and options (however, if timing becomes an issue, we should
concentrate on swaps, as our offering of swaps is more imminent).

We are looking at rolling out with nine products -- for each of the three
commodities, there will be a calendar-month swap tied to (i) the New York
Board of Trade price, (ii) the LIFFE price, and (iii) the spread between the
two exchange prices.

We would like the results of your analysis by April 27.  Please feel free to
call me with any comments or questions you may have.  Thank you for your
assistance with this -- Bob Bruce

Robert E. Bruce
Senior Counsel
Enron Wholesale Services
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Just kidding with you.  Hope your hand is getting better.  See you on Monday.

Susan

Kimberly Bates
04/19/2001 08:52 AM
To: Susan W Pereira/HOU/ECT@ECT
cc:
Subject: Re: Pete Keavy

not to mention only having one hand to type with


The way we handled it last time was 1) have a quick chat about it, 2) split
up the pieces, 3) once written, pass around the pieces to see if anyone has
any strong feelings about what folks had pulled together, and then, for each
case, 4) designate one person as the "assembler" of the pieces.  (We
designated who would be responsible for which cases at the beginning of the
semester.)  And yes, all by email (save for, say, the preliminary chat).  It
worked well.  But I'm flexible, if folks want to try another angle.

Best,
Jeff

	"Mark Guinney" <Mark_Guinney@watsonwyatt.com>
	01/24/2001 12:19 PM

		 To: "Jeff.Dasovich@enron.com" <Jeff.Dasovich@enron.com>
		 cc: "dasovich@haas.berkeley.edu" <dasovich@haas.berkeley.edu>,
"dwindham@uclink4.berkeley.edu" <dwindham@uclink4.berkeley.edu>,
"JCJA@chevron.com" <JCJA@chevron.com>, "jjackson@haas.berkeley.edu"
<jjackson@haas.berkeley.edu>
		 Subject: Re[2]:RE: e234

Jeff,

How would you suggest it would work writing it jointly via an internet
discussion group?

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    Re:RE: e234
Author: Jeff.Dasovich@enron.com
Date:       01/24/2001 3:52 PM

Haven't received anything.  Sounds like we all agree that it would be a
good idea to do it.  I'll write the prof an email and ask him to email us
the file.  My preference (in order to actually learn something--i'm sort of
thick) is to work on these jointly rather than have one person do it each
week, but i'm willing to discuss.  others have views on how we ought to
write 'em up?

Best,
Jeff

                    "Mark Guinney"

                    <Mark_Guinney@watson        To:     "Dylan Windham"

                    wyatt.com>
<dwindham@uclink4.berkeley.edu>,
                                                "JCJA@chevron.com"
<JCJA@chevron
.com>,
                    01/24/2001 09:06 AM         "dasovich@haas.berkeley.edu"

                                                <dasovich@haas.berkeley.edu>,

                                                "jjackson@haas.berkeley.edu"

                                                <jjackson@haas.berkeley.edu>

                                                cc:

                                                Subject:     Re:RE: e234

I, too, read the case and was prepared to write a memo except for the
crucial
fact that I have no idea what the prof. is looking for.  I haven't seen the
suggested questions which I assume will point us in the right direction.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    RE: e234
Author: dwindham@uclink4.berkeley.edu (Dylan Windham)
Date:       01/24/2001 12:28 PM

I took a look at the case last night.  It is very short and appears to be
somewhat straight forward.  We may want to work on this one as insurance.

Has anyone received the files with the suggested questions and spreadsheets
yet?

Dylan

At 09:15 AM 1/24/2001 -0800, Jackson, James (JCJA) wrote:
>It sounded like if we do this one it will be best 5 out of 6.  It could
take
>the pressure off of us if we do this one.  I would vote we go for it.  We
>can talk about it tonight.
>Jimmy
>
> > -----Original Message-----
> > From: Dylan Windham [SMTP:dwindham@uclink4.berkeley.edu]
> > Sent: January 23, 2001 2:58 PM
> > To:   dasovich@haas.berkeley.edu; jjackson@haas.berkeley.edu;
> > guinney@haas.berkeley.edu
> > Subject:      e234
> >
> >
> > Okay gang,
> >
> > Given what was just sent out by Diane from the Professor, do we want to
do
> >
> > this first case (it is now optional)?  It appears that he will then
break
> > the groups up and assign the remaining 5 cases to us.
> >
> > What do you guys think?
> >
> > Dylan
> >


Today, we are forming Enron Global Services (EGS) in order to more closely align our asset-based businesses.

This reorganization will allow EGS to focus our resources on opportunities that present the highest value to Enron.  It will also accomplish the following:  1) enhanced synergies among our assets and personnel, 2) more effective prioritization of business opportunities, and 3) better management of Enron's asset-based businesses throughout the world.

Enron Global Services' energy asset portfolio includes the North American pipeline businesses of Enron Transportation Services (ETS), including Northern Border; the international pipeline, power and distribution operations of Enron Global Assets & Services (EGAS); Portland General Electric; EOTT Energy Corp; Enron Wind; Azurix and Wessex Water.

Reporting to me as the heads of their respective business units are:
?	Jim Hughes, President & COO - EGS/International
?	Danny McCarty, Managing Director & CCO - ETS
?	Bill Cordes, President - Northern Border Partners
?	Peggy Fowler, President & CEO - Portland General Electric
?	John Garrison, President & CEO - Azurix
?	Dana Gibbs, President & COO - EOTT Energy Corp
?	Colin Skellett, CEO - Wessex Water
?	Adam Umanoff, President & CEO - Enron Wind

With the creation of EGS, we hope to enhance the efficient utilization of our commercial support services.  To accomplish this, EGS' staff and operational functions will be headed by:
?	Rod Hayslett, Managing Director & CFO
?	Rob Walls, Managing Director & General Counsel
?	Phil Lowry, Managing Director, Pipeline Operations and Engineering & Construction
?	Brian Stanley, President & CEO - EEOS
?	Steve Hotte, Vice President & CIO
?	John Ambler, Vice President, Communications & PR
?	Gary Smith, Vice President, Human Resources

In addition, Rob Walls will continue to perform his role as Deputy General Counsel for Enron reporting to Jim Derrick.

Phil Lowry will be responsible for domestic pipeline operations, technical services and engineering & construction, as well as, international pipeline technical services and engineering & construction.  Brian Stanley will be responsible for technical services and engineering & construction for international power and distribution facilities.

Below is an organization chart for Enron Global Services, which displays the changes described here.  We are confident this new organization will focus our talent and capital appropriately.  Please join me in supporting this management team as it strives to maximize Enron's return on its assets.

<Embedded Picture (Metafile)>


We are long 50 mw's  (ercot asset book) for the 2x16 .   This is scheduled into the North market.

JMF


The A&A program are running a "magnificent Monday" April 30th to intervier 26 Analysts (summer start dates).    Therefore a number of interviewers have been requested.

Monday am:				20 Interviewers
Monday pm:				8 Interviewers

Can you advise if you or a manager/director in your group can faciliate.     No doubt, those that take the time to interview will have first "dips" on the analysts who get offered.

Thanks,

Karen.
x54667.


Gentlemen, please find below a description of the current status of the
Advanced Mobile Power Systems, LLC project.

AMPS

ENA obtained its 85% ownership interest in Advanced Mobile Power Systems LLC
on January 26, by investing US$17 million in cash and assets.  The remaining
15% is held by a company, Dispersed Power LLC, which is owned by the former
principals of Power Systems Manufacturing LLC.  One of the major assets that
ENA transferred into AMPS is a complete used mobile power generating system,
like the one we propose to manufacture, which was acquired from PG&E and
fixed up by PSM.  That unit was started up and run several times in January
at Enron's site in New Albany for the purposes of testing the output,
acoustics and emissions.  We have now commenced the process of marketing this
test unit for resale and the plan is to have disposed of it by the end of
April at the latest.

AMPS has now been staffed with approximately 10 full-time employees, mostly
on the engineering side, and Enron, through a services agreement, has agreed
to provide certain services to AMPS for the first six months of its
operation, with the primary services being legal and accounting.  I am
coordinating the provision of, and for the most part providing, the legal
services and will retain an outside law firm in Florida that can take over
the legal work upon the expiry of the six month period.  Cle Dade at
Bracewell & Patterson is assisting me in coming up with a short list of
Florida law firms and then I will begin interviewing them.  As part of this
services agreement, Enron is billing AMPS for my legal services at a rate of
US$100 per hour.

Contracts have been executed with all equipment vendors to manufacture all of
the various parts to assemble one beta unit, for the purposes of
demonstrating that one of these units can be manufactured and meet the
performance targets of approximately 20 MW output with 5 ppm NOx on gas
fuel.  The beta unit will be completed around the end of July 2001 and will
be capable of running on duel fuel and will be equipped with an exhaust
silencer and selective catalytic reduction unit (SCR) kit to reduce noise and
NOx/CO emissions.  In addition, Pratt has agreed to supply a Dry Low NOx unit
for the generator to assist in the emissions reduction.  Manufacturing the
beta unit with all these bells and whistles will allow us to test the maximum
performance and then, based upon a customer's needs, we can manufacture units
to meet those needs and adjust the price accordingly.  Our cost to
manufacture the beta unit is approximately US$7.5 million and our intention
is to sell it for approximately $9.5 million to $10.5 million, which,
according to our preliminary market research, will make us competitive.  The
price per unit will go down as we move into greater production numbers and we
have confirmed through our review of the various vendors that all of them
will be able to meet our ramped up production needs.  We estimate that it
will take approximately 6 months from the date of purchase order to
manufacture and assemble one unit and AMPS is currently looking for warehouse
space that will allow it to assemble multiple units concurrently.  AMPS is
gearing up to build 12 units in 2002 and 24 in 2003.

Each unit consists of two trailers, being an auxiliary trailer (housing the
controls systems) and a power trailer (housing the turbine).  It takes
approximately 3 days to set up and connect the unit to generate power from
the time it hits the site.  Tear down is about the same length of time.

AMPS is currently hiring a sales/marketing person and conducting more
thorough marketing due diligence.  Obviously, if we had been six months
quicker we would be selling as many of these things as we could make into
California, particularly with the ability to hit 5 ppm NOx.

We are currently negotiating a royalty and equity participation with Pratt &
Whitney, the original manufacturer of the type of aero-derivative gas turbine
that makes up part of the system, whereby they would obtain a 15% interest in
AMPS and a royalty on unit sales in exchange for providing AMPS with the
right to use and modify all prints and drawings relating to the generator and
manufacture such generators based upon such drawings, together with an
intellectual property indemnity relating to such use.

The board of AMPS consists of 3 Enron people, being Kyle, Michael Miller of
Principal Investing and Bob Virgo of ENA.  There are also two people from
Dispersed Power (formerly PSM people).  From my attendance at the initial
board meeting, it appears relatively clear that this is a strong board, which
should help in maintaining AMPS as a strong IPO candidate if the technology
works out and the demand remains strong.  Every indication is that the
technology is there.

If you need any more information, let me know.

Thanks
Greg


When: Tuesday, February 05, 2002 11:00 AM-11:30 AM (GMT-06:00) Central Time (US & Canada).
Where: ECS 04790

*~*~*~*~*~*~*~*~*~*


Remember us?  You're not going Sharolyn Wood on us are you?


Here are my edits to the FAQ document.  Sorry but I don't understand the pool allocation response.

My notes indicate that we also need to answer the questions
- where storage allocation notices appear
- why storage allocation notices come out at a later time.

Fixes already put in place
In the follow-up letter we categorize the feedback.  Can't we go one step further and say that we have already addressed some items:

- Make customers aware that they can call HotTap Helpdesk for calls
- Raise awareness of need to minimize mrongin meetings
- Haven't we taken a step to notify EDI customers about system downtime
- We have taken the step of immediately notifying customers of system outages
- Aren't we adding an injection/withdrawal indicators
- Can't we immediately change the confusing descriptors "storage analysis completed" vs "storage allocations completed"  {See my suggestion in FAQ}


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 11/28/2000
03:16 PM ---------------------------
To: Matthew Lenhart/HOU/ECT@ECT, val.generes@ac.com, Chad Landry/HOU/ECT@ECT,
Bryan Hull/HOU/ECT@ECT, Randy Bhatia/HOU/EES@EES, Micah Hatten/HOU/EES@EES,
David Fontana/HOU/EES@EES
cc:

Subject: Cross your fingers


Even though I voted Republican, I thought this was hysterical!  Here's hoping
we have a new president - any president - soon! SRS

 - mini me.jpg


FYI - we'll need to discuss at our 9 am meeting.
---------------------- Forwarded by Randal Maffett/HOU/ECT on 12/06/2000
08:58 AM ---------------------------

Steve Hamilton <Steve@ECOGAS.com> on 12/06/2000 08:43:31 AM
To: "'randal.maffett@enron.com'" <randal.maffett@enron.com>
cc: "'ddaniels@bracepatt.com'" <ddaniels@bracepatt.com>,
"'rstephens@bracepatt.com'" <rstephens@bracepatt.com>, Kelly Mahmoud
<Kelly@ECOGAS.com>
Subject: FW: Agreement and Release of Claim

-----Original Message-----
From: Thomas Hall [mailto:tomhall@usa.com]
<mailto:[mailto:tomhall@usa.com]>
Sent: Wednesday, December 06, 2000 12:46 AM
To: Steve Hamilton
Subject: RE: Agreement and Release of Claim

Steve,

Thank you for the offer and your follow-up phone call.
I have reviewed the offer and cannot accept it.  I am owed more than the
$44,463.88 you admit in the offer.  At this time I am not anywhere near
being agreeable to releasing ECOGAS, its shareholders, partners, or
affiliates or each of their respective directors, officers, employees,
agents, representatives, and insurers as specified in the document.
If you in fact have $22,231.94 allocated to pay me, I would strongly
encourage you to consult with counsel and then to go ahead and make another
partial payment against the ECOGAS indebtedness.  Doing so will certainly
mitigate some of the damages that have been caused by a member or members of
the group you have defined as ECOGAS Related Parties.  Put simply, the more
I receive from ECOGAS, the less I will be seeking to collect from a related
party who is liable to me.  Nothing stops you from making the appropriate
partial payment other than your continued practice of making preferential
payments to my detriment.  Until the ECOGAS Related Parties or its member(s)
are prepared to fully compensate me, I will not execute any release.  If
ECOGAS declares insolvency in the interim, so be it, I look forward to
working with the trustee to reverse the preferential payments in accordance
with the bankruptcy code.
I repeatedly advised you against making preferential payments if you had
knowledge that the company was insolvent.  In Felipe Vega's presence, I
repeatedly advised you to seek counsel.  If I should determine that you, or
any other party, in fact authorized me to perform work at a time that you or
another party knew or should have known that ECOGAS was or was becoming
insolvent, and therefore had no intention to pay for the work being
authorized, I am fully prepared to collect for any shortfall or other
damages from the appropriate party or parties.  Since the documents indicate
that Mr. Maffett stated that you and the controller knew that the company
was insolvent when you were authorizing work, I conclude that you were at
least complicit in leading me to perform work at a time that you had no
intention of compensating me from company funds.  Therefore, I must
reasonably assume, unless your intention was fraudulent, that you intended
to compensate me from your own funds, or from funds promised by another
party.
I am sure that you have been fully compensated for the time you have spent
at ECOGAS since February and I fully expect to be compensated for the work I
performed during the same period.  I recommend that you look seriously at
the path ahead, consult with your counsel, and then immediately pay me in
full.  Please let me know if you need my wire transfer instructions again.
If you have any questions, please do not hesitate to continue contacting me
or to have your attorney contact me.  Since you continue to contact me and I
have received no response from Doug Daniels, I am assuming that Bracewell &
Patterson prefers not to accumulate any additional billable hours with an
allegedly insolvent client.  Doug and I had agreed not to unilaterally
notice depositions in my current lawsuit, but I need to proceed with
discovery.  I am prepared to take your deposition on any workday between
December 18th and December 29th.  I sincerely regret that the Holiday season
is going to be interrupted on this task, which regrettably will be
unpleasant, but you are one of the parties that has forced this timeline.
If Doug is to participate and still represents your company, please forward
this reply to him and then let me know what date is good for you and for
him.  If he is not going to participate, please let me know a date
convenient for you and any attorney you may be retaining.  If I do not hear
from you or your attorney, I will have no choice but to send you a
deposition notice.
By the way, my middle initial remains "L.", not "A."  Some of the ECOGAS
crowd may be calling me an "A-hole," but I am not an "A. Hall"
    Best regards,

    Tom

-----Original Message-----
From: Steve Hamilton [mailto:Steve@ECOGAS.com]
<mailto:[mailto:Steve@ECOGAS.com]>
Sent: Friday, December 01, 2000 5:28 PM
To: 'tomhall@usa.com'
Subject: Agreement and Release of Claim

Tom:
Please find attached the Agreement and Release of Claim ("Agreement") we
discussed earlier.  Please execute and return one copy of the Agreement to
me (via fax is okay) by Tuesday, December 5, 2000.  Should you have any
questions or comments, please do not hesitate to call.
    Sincerely,

    Steve

<<ECOGAS FORM RELEASE THOMAS A. HALL.doc>>


Dan,

Yes, the Shadow Creek Easement you looked at was
for Mr. Ross' project.  The final version was transmitted
via email to their V&E attorney on Tuesday.  She was to
inform Mr. Ross of its arrival.

Thanks!

r


http://localhost/elpaso/current.asp

http://localhost/elpaso/

Hope this helps,

John Oh
Enron North America		503.464.5066
121 SW Salmon Street		503.701.1160 (cell)
3WTC 0306			503.464.3740 (fax)
Portland, OR 97204			John.Oh@Enron.com


Mike Sandridge and I finally spoke on the phone.  Here are the issues which
need to be addressed to keep things moving:

1. Which transformers go where?

2. How do we deal with the two cancelled units and any cancellation charges?

3. ABB has not had a good experience with an Enron LLC arrangement, and the
contract allows for them to request payment security.  Unless they are
convinced that they aren't at risk, they will want some form of payment
security.  The contract does allow for the equipment to be paid off (except
retainage) to facilitate the assignment.

Mike is available Thursday to discuss these issues, and how to get the break
out contracts closed. I'm available any time.

Kay


Tana,
We were reviewing the attached list and had a few questions on the
Counterparty Names:

Aquilla Energy Marketing Corporation  .....We are trading financial deals
with them under the name Utilicorp United Inc.
Coral Power LLC    .....We are using Coral Energy Holding L.P. (this is the
entity with whom we have the Master Agreement)

Let me know what you think on these two...

Kim Theriot

From: Tana Jones on 09/14/2000 04:04 PM
To: Frank L Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
cc: Tom Moran/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Kim S
Theriot/HOU/ECT@ECT
Subject: EOL Financial Power Trading Approvals

Per the request of Stephanie Sever, I am attaching a list responding to her
request to confirm the attached counterparties ability to trade financial
power products online.  Stephanie, the ones I said "OK to open" you will need
to go in and open for financial power (from Legal only).

Call me if you have any questions about specific counterparties.


Deborah Rogow
709 W. Mt. Airy AVe.
Philadelphia, PA 19119
collage@igc.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,
Deborah ROgow

Deborah Rogow


both.   i have it on dutch's machine just in case something ever pops up but
it rarely does

From: Andy Zipper/ENRON@enronXgate on 02/15/2001 01:25 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: RE:

I will send you the list. Are you having it removed because there is nothing
on it, or because you don't want ot support them ?

 -----Original Message-----
From:  Arnold, John
Sent: Thursday, February 15, 2001 12:43 PM
To: Zipper, Andy
Subject:

Andy:
Can you remove ICE from mine and Mike Maggi's computer.
Also, do we have a list of who has it installed.  I hate supporting our
competition.
John


As noted on the email I sent to you on November 16 on the subject of PRC
Deadlines and Meetings, I wanted to remind you that your Goals for 2001
document is due to your manager by Monday, December 11.

The goals should be a mixture of short-term and long-term goals.  For
example, a short-term goal could be to learn more about the functionality of
Enpower, while a long-term goal could be to move to the European office to
manage logistics.  It is important for management to know employee goals so
that management can help the employee get to where they want to go.

If you have any questions, ask your manager or me.


We sold directly to Clinton for the term of our deals.  Clinton (Latrove)
should have pulled directly from Power Gas Marketing's pool.  The Power Gas
Marketing supply deal ends Oct 31st and the local production deal ends Nov
30th and then we will be out of the local production business.  We've tried
to tell everyone but I bet you still get phonecalls until we are out of it.
Sorry.

To: Chris Germany/HOU/ECT@ECT
cc: Christina Bangle/HOU/EES@EES
Subject: Re: Peoples

Did we end up doing this deal or did you sell directly to Clinton?  I'm
thinking that you sold directly to Clinton....  Let me know.  Thanks!  md
---------------------- Forwarded by Marde L Driscoll/HOU/EES on 08/16/2000
03:45 PM ---------------------------

Chris Germany@ECT
06/22/2000 07:40 AM
To: Marde L Driscoll/HOU/EES@EES
cc: Alain Diza/HOU/EES@EES, Heidi Griffith/DUB/EES@EES, Dick
Jenkins/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON@ECT, Mary Theresa
Franklin/HOU/ECT@ECT, John M Singer/Corp/Enron@ENRON
Subject: Re: Peoples

Paul is out of the office today but I found the customer name in my notes -
it was right below all my notes on CanFibre.  The customer is Latrove Steel.
I'm going to call Peoples myself to learn how this works.  Does anyone object
to that?  I will wait until this afternoon before I call.

Heidi
Do you think the production gas can be moved to EES's pool by July 1st?  If
not, we can sell the gas to Latrove out of CES's pool for July.  However, we
will not see the fuel credit until August(???) to verify if this works or not.

Marde L Driscoll@EES
06/21/2000 08:29 PM
To: John M Singer/Corp/Enron@ENRON@ECT, Chris Germany/HOU/ECT@ECT
cc: Alain Diza/HOU/EES@EES, Heidi Griffith/DUB/EES@EES, Dick
Jenkins/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON@ECT, Mary Theresa
Franklin/HOU/ECT@ECT
Subject: Re: Peoples

Questions that I have:
1)  I am assuming that the Clinton end-user will not go into EESs' pool.  It
needs to be verified with PNG that I can do a pool to pool nomination to the
end-user (only a few stand alone customers are grandfathered to receive these
types of noms.)  This is a critical issue for EES as we are already long gas
behind the gate and we don't need more production.  If the customer can't
take my gas from my pool then I will have to bring it in via CNG which will
only make my pool longer.

2)  If the production meters are moved to EESs' pool then I would suggest
just a flat index price between ENA and EES.

3)  Will EES be supplying the full 1000/d to the end-user or just the amount
of the local production transferred to EESs' pool?

4)  If the fuel credit works the way Chris explains it below then I would be
willing to sell all of the gas at index but I will need to confirm that with
PNG.

To: Chris Germany/HOU/ECT@ECT
cc: Marde L Driscoll/HOU/EES@EES@ECT, Alain Diza/HOU/EES@EES@ECT, Heidi
Griffith/DUB/EES@EES@ECT, Dick Jenkins/HOU/ECT@ECT, Nelson
Ferries/Corp/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT
Subject: Re: Peoples

1. ENA is responsible for purchases of 500 MCFD (515 DthD) Metered Prouction
from Phillips Production Company.  This volume is will be decreased  until
further notice because PNG has increased line pressures thus reducing the
production volumes to 50-60% of normal (Refer to attached schedule).  There
are 7 Phillips meters  in CES's pool beginning July 2000.  Heidi Boyd @ CES
will have to nominate the production into CES's pool and away from the pool
until the meters are moved.  EES should have 6 Phillips Production meters in
their pool beginning July 2000.

2.  See Attached Schedule for Term, Price & Volume.

Note:  PNG has increased line pressures which reduces production into the
system.  Both Phillips Production and Power Gas Marketing are claiming Force
Majeure.  Their volumes have been reduced to 50-60% of the original contractd
volume.

Chris Germany@ECT
06/20/2000 03:59 PM
To: John M Singer/Corp/Enron@ENRON, Marde L Driscoll/HOU/EES@EES, Alain
Diza/HOU/EES@EES, Heidi Griffith/DUB/EES@EES
cc: Dick Jenkins/HOU/ECT@ECT

Subject: Peoples

Here is what I'm looking at for July 1.  Paul Leanza (Clinton) has a customer
that can take around 1,000 day.  I don't know if that's dt or mcf.  I will
use mcf for this email until someone corrects me.  This customer has a
special deal where the pool operator gets a fuel credit on every mcf the
customer pulls.  For July, assuming the gathering fuel is 5%, and this
customer pulls 95 mcf from your production pool, you will get a 5 mcf
credited back to your imbalance account the following month.  I don't know
how this works with trading imbalances.  But, at a NYMX of $3.95 that works
out to $.21 - sounds good to me.  Paul said this customer is looking for a
CNG Index Flat price or and equivalent basis number.  Marde will not sell at
that price but I will.

Marde said she would charge ENA a $.03 fee for all the volumes flowing.
Actually, I would prefer to move all the pool and production gas to EES,
settle up financially with EES and be done with it.  What we could do to test
Paul's statement, is have the customer pull 300 mcf/day out of CES's pool for
July.  It would be easy to see since that is the only deal.   AND, have EES
take over the pool deal with Power Gas Marketing.  Comments / Questions?

Questions
John
1.  Heidi (EES) said you already have some Phillips production in EES's
pool.  Does CES still have metered production from Phillips in CES's pool?
If yes, how many meters?

2.  Please give me the following info for the activity behind Peoples
  Phillips   Power Gas Marketing
Term
Price
Volume

Heidi (EES)
If we find out from John that there is still metered production in CES's
pool, please call Peoples and see if we can move the metered production to
EES's pool for July.  Heidi Boyd with CES said you could tell them that CES
is going out of business and they may make exceptions for that.

Marde
I would prefer to move both supply customers over to EES, where EES makes the
payments and bills either Clinton or Clinton's customer.  At what price will
you take these deals?  I assume we need to get this info from John before you
can anwser this.

---------------------- Forwarded by Chris Germany/HOU/ECT on 06/20/2000 02:51
PM ---------------------------

	From:  John M Singer @ ENRON                           06/19/2000 01:52 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Peoples

As of today, Power Gas Marketing volume has decreased from 7,500 per month to
4,000 per month, until further notice, due to Peoples regulating the volume
of production into their system.

Phillips Production is also down..

For July, I would sell 4, 000 per month supplied by Power Gas Marketing (pool
to pool), and 300 MCFD x 1.03 = 309 Dth/day metered production from Phillips
Production.  The Phillips Production meters are in CES's pool.  It will cost
$100 per transaction to do a pool to pool transfer.  If Paul Leanza can use
the gas through November, we should move the Phillips meters to his pool
(309/Day).  The Power Gas volumes go through October.

John