Hi Jeff,

I am Andy Liu, Co-founder and President of NetConversions, a company based
in Seattle.  Our company helps Fortune 1000/Global 2000 companies improve
their online presence and email communications to better serve customers.
Our True Usability(TM) solution identifies areas of improvement that will
ensure better customer experience thus driving more customers to pay their
bills online or to conserve more energy or to facilitate communication.
Given your business objectives, we can help you achieve it on a large scale.
We can help launch an email campaign that improves each time an email is
opened.  Our technology is based on leading research from Wharton and
UT-Austin professors and have been proven to be successful.  I would like to
share with you some of the solutions we use to help our clients realize
their business goals.  I'd be happy to speak with you over the phone.  What
time would be most convenient for you: Friday, May 11th at 10am or Monday,
May 14th at 11am? Thanks!

Best regards,
Andy Liu

President
NetConversions, Inc.
http://www.netconversions.com
(O)206.256.9815 x215
(F)520.833.6969


-----Original Message-----
From: 	Miller, Stephanie
Sent:	Thursday, November 08, 2001 12:36 PM
To:	Whitt, Mark; Polsky, Phil
Subject:	FW: Western Frontier Project

 -----Original Message-----
From: 	Cantrell, Rebecca W.
Sent:	Thursday, November 08, 2001 1:28 PM
To:	Miller, Stephanie; Tholt, Jane M.; Shively, Hunter S.; Lucci, Paul T.
Subject:	Western Frontier Project

The FERC notice on this project has been issued and comments are due by November 21.  Do we have any interests that would warrant more than a plain intervention?  Let me know if you want a copy of the original filing, with maps, etc.

INSIDE FERC-October 29, 2001
WILLIAMS PUTS MEAT ON THE BONES OF WESTERN FRONTIER PROJECT DESIGN
Touting a need for more pipeline capacity linking the "prolific" supply basins of the central Rockies
and increasingly hungry Mid-Continent markets, The Williams Cos. Inc. last week took the next step by
filing for authorization to build and operate the Western Frontier project.
The sponsor has in hand four negotiated-rate deals for long-term service covering roughly two-thirds
of the 540,000 Dt/day of project design capacity, it told FERC in an Oct. 24 certificate application
(CP02-11). Williams wants to have the $366 million project up and running by Nov. 1, 2003; it
asked the commission to issue a final certificate by Dec. 11, 2002, so that it can commence construction
by the following April.
Williams unveiled initial plans for Western Frontier early last summer (IF, 9 July, 14) and held an open
season in June and July. To carry gas from the Power River, Big Horn, Wind River and Green River basins
- estimated to hold 173 Tcf of potential and recoverable reserves - the new 30-inch-diameter mainline
would run 398 miles, starting at the Cheyenne Hub and ending at an interconnection with the system of
affiliate Williams Gas Pipelines Central Inc. in Beaver County, Okla. Characterizing the Cheyenne Hub as
"a liquid point of supply," Williams asserted that "presently, supply capability to the hub has outpaced
transportation capacity away from the hub to market areas due to insufficient pipeline infrastructure."
Along the way, the Western Frontier mainline would make another interconnection with Williams
Central as well as with Northern Natural Gas Co., ANR Pipeline Co., Natural Gas Pipeline Co. of America
and Panhandle Eastern Pipeline Co., "thus providing multiple avenues for gas produced in the central
Rockies to be transported throughout the Mid-Continent using the existing pipeline grid."
To "further enhance its supply options," the sponsor wants to build a 9.7-mile lateral from the
mainline to the Wattenberg gas processing plant east of Denver to tap the Denver-Julesberg basin. Rounding
out the project design are two new compressor stations, the 10,000-horsepower Chalk Bluff station to
be constructed at the Cheyenne Hub and the 20,000-hp Denver station to be built in Adams County, Colo.
Following the open season, Williams hammered out precedent agreements with Marathon Oil Co.
(75,000 Dt/day), Williams Energy Marketing and Trading Co. (200,000 Dt/day), Utilicorp United Inc.
(15,000 Dt/day) and Entergy Power Generation Corp. (75,000 Dt/day). The initial term for the deals is 10
years, except for Marathon which committed to a five-year term with an option to extend it an additional
two years, said the application.
"Other shippers have expressed serious interest for the remaining capacity on Western Frontier, and
active negotiations are moving forward with these potential shippers," said the application, adding that
Williams was "confident . . . that the remaining capacity will be committed in the upcoming months."
With the addition of compression, the project could "facilitate relatively inexpensive expansions to
accommodate future market growth," the sponsor told FERC. And that may well be necessary, it continued,
pointing to "stagnant to declining supply" in the Mid-Continent basins coupled with "projected demand
increases." As in many areas of the country, "much of the anticipated demand increase is attributed to
installation and operation of . . . gas-fired electrical generation," it said. The 11,439 Mw of "active winter
generating capacity" in the combined service areas of Western Frontier and Williams Central is expected to
more than double by 2004, said Williams.
The application seeks negotiated rate authority for the project operator, Western Frontier Pipeline
Co. LLC, and approval of initial recourse rates. The maximum daily reservation rate under schedule FTS
would be 35?/Dt for contract demand in Zone 1 and 79.4?/Dt in Zone 2.
Under the negotiated deals reached with the four "anchor" shippers, Utilicorp and Entergy would pay a
combined reservation and commodity rate of 25?/Dt at a 100% load factor for Zone 1 service to the
Williams Central Hugoton station in Kansas, while WEM&T would pay a combined rate of 30?/Dt for
Zone 2 transportation to the Williams Central system in Oklahoma and Marathon would pay 32?/Dt under
the shorter contract for Zone 2 service to interconnects with ANR, Panhandle and Williams Central in
Oklahoma. All transportation would originate at the Cheyenne Hub.


Sara, I do not agree with the view that we cannot use the existing
resolutions for repos.  Please call me at your convenience so that we can
discuss.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Tom Doukas
	04/16/2001 08:55 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Cheryl Nelson/NA/Enron@Enron
		 Subject: Re: Enron Credit Inc. ("ECI")

I am assuming that you are saying that if repos go through the Prime Broker
accounts it is a problem.  The poblem being that the current brokerage
agreements for ECI do not provide for repos.  Is my assumption correct?

Is our UCD adequate as is for repos?

What is our existing format that you mention below?

Are you able to pursue this with Goldman right now today?

Thanks,

Tom

From: Sara Shackleton@ECT on 04/16/2001 08:36 AM
To: Tom Doukas/NA/Enron@ENRON
cc: Cheryl Nelson/NA/Enron@Enron

Subject: Re: Enron Credit Inc. ("ECI")

Tom:

I am not certain that the existing resolution permits repurchase and reverse
repurchase transactions and securities lending, bonds borrow pledge, etc. as
the brokerage consent was not written to accommodate these types of
transactions.  However, if the repo party will accept our existing format,
then we need not worry.  I'll call Ted Leh and try to find the proper Goldman
person.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Tom Doukas@ENRON
	04/16/2001 08:10 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Cheryl Nelson/NA/Enron@Enron, David A Wall/Risk Mgmt/LON/ECT@ECT, Greg
Hedger/LON/ECT@ECT, Reza Rezaeian/EU/Enron@ENRON
		 Subject: Re: Enron Credit Inc. ("ECI")

Sara,

Can you please provide your findings on the following items:

1. Determine with Cheryl that ECI is in fact authorized to transact Repos

2. How robust the Goldman Repo agreements are, and their sutability to ECI.

3. An estimate on how long it will take to set up the Goldman Repo Agreements
in ECI's name.

Can you please also provide any ideas how ECI or ECL could transact a Repo
trade today using existing documentation.

London has indicated an urgent need to carry out these transactions.

Thanks,

Tom


The November 2000 contract is the new deal with reliant.  We need to verify
that we have a master between HPL and Reliant Energy Services, Inc.  If not,
the old contract needs to be assigned to HPL.  Certain deals that were shown
to the purchaser of HPL included business being done with Reliant Energy
Services, Inc.  That means that if we don't have an HPL master, we need to do
one for them.  Two deals were shown as HPL, however, they may have been GTCs,
if so, we would need to create a master, and if the old master still exists,
i would like to assign it to HPL so that they would have a contract to use
after July.  Call me if you have any questions.

	Susan Elledge@ENRON
	01/30/2001 02:50 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Termination of Reliant Energy Services, Inc. Master 96001135

Dan,

Do you have any additional information regarding this contract?

Susan


Since it will not be possible to reach Ken Lay before tomorrow, Jim advises
that the actions will not be taken before Monday morning India time.  In the
interim, your approval and comments on the attached draft statement/Q&As
would be appreciated.  I will be out of town until mid-afternoon Sunday, but
checking e-mails and can be reached on my cellular phone (281-948-7273).

Thanks,

John


ours

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Edward Sacks/ENRON@enronXgate
	04/03/2001 07:52 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Cargill-Alliant - PCGs between CA and Enron NA

Is the ball in our court or theirs?  Ed

 -----Original Message-----
From:  Andrzej_Kabarowski@cargill.com@ENRON
[mailto:IMCEANOTES-Andrzej+5FKabarowski+40cargill+2Ecom+40ENRON@ENRON.com]
Sent: Tuesday, April 03, 2001 6:35 AM
To: Sacks, Edward; Andrzej_Kabarowski@cargill.com
Subject: RE: PCGs between CA and Enron NA

Understand this may still be in your legal dept.  Appreciate a call or
email advising of status when you get a chance.  Thx.
Andrzej

-----Original Message-----
From: Kabarowski, Andrzej /hdqt
Sent: Friday, March 09, 2001 1:37 PM
To: Kabarowski, Andrzej /hdqt; 'Edward Sacks (E-mail)'
Subject: RE: PCGs between CA and Enron NA

-----Original Message-----
From: Kabarowski, Andrzej /hdqt
Sent: Friday, March 09, 2001 1:23 PM
To: Kabarowski, Andrzej /hdqt; 'Edward Sacks (E-mail)'
Subject: RE: PCGs between CA and Enron NA

Ed, have you had a chance to look over.  Pls let me know if we can go
ahead and get this executed.  Thx much.
Andrzej

-----Original Message-----
From: Kabarowski, Andrzej /hdqt
Sent: Monday, March 05, 2001 1:30 PM
To: 'Edward Sacks (E-mail)'
Cc: Kabarowski, Andrzej /hdqt
Subject: PCGs between CA and Enron NA

Ed, sorry for the time it has taken for me to respond.  The lawyer
involved in the intial review was on vacation till today.  I am
attaching both PCGs to this email with our suggested changes/acceptance
to the standard forms.  Pls do not hesitate to call me if you have any
questions.

thank you and best regards

=============================
Andrzej Kabarowski
WW Credit Manager
Global Petroleum Trading
NatGas/Electricity Trading
CRMPG
-----------------------------
Tel: 952-984 3664
Fax: 952-984 3763
=============================


I am still trying to get the countries of incorp. on the Japan List for you.
Tom Moran is out today so I have to get them from Tracy Ngo.


All

Is anyone working on a physical master with this counterparty? If so please
could you advise Tana of progress.

Many thanks.

Marcus

----- Forwarded by Marcus Nettelton/NA/Enron on 03/23/2001 07:59 AM -----

	Tana Jones@ECT
	03/22/2001 06:25 PM

		 To: Marcus Nettelton/NA/Enron@ENRON
		 cc: Walter Guidroz/Enron@EnronXGate
		 Subject: The New Power Company

Do you know the progress of getting a physical power master in place with
this counterparty?  Can you keep me apprised.  They are obviously a
quasi-affiliate and we have internal people contacting me checking on their
progress.  Thanks!


Kim,

Here is the summary.  The bottom line is that by unwinding balance of
February (2/20-2/28) and the rest of the deal (Mar '01-Jul '02) from a $3.74
price to a $4.18 price nets Mesa a $.24 discount of the new Index deal (Aug
'01-Jan '02)

To get them to a $.30 discount on the new Index deal, Mesa would need to
raise the fix price on the current deal to $4.26.

Eric


ok

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Thursday, October 11, 2001 1:36 PM
To:	Lenhart, Matthew
Subject:	RE:

ok, enough.  this isn't funny anymore.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Thursday, October 11, 2001 1:32 PM
To: erichardson@sarofim.com
Subject: RE:

yeah.  i think we are hitting the strip clubs.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Thursday, October 11, 2001 1:23 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   of course i am.  i am going out straight from work.  you?

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Thursday, October 11, 2001 12:35 PM
   To: erichardson@sarofim.com
   Subject: RE:

   i am ready to go tonight.  you going out?

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Thursday, October 11, 2001 12:30 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      shut up, stop lying.  i don't believe you at all.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Thursday, October 11, 2001 12:29 PM
      To: erichardson@sarofim.com
      Subject: RE:

      where didn't i go?

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Thursday, October 11, 2001 12:24 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         where did you go?

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Thursday, October 11, 2001 12:25 PM
         To: erichardson@sarofim.com
         Subject: RE:

         no really.  it was a blast.  little tired but i can rally for
      tonight.

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Thursday, October 11, 2001 12:21 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            liar

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Thursday, October 11, 2001 12:22 PM
            To: erichardson@sarofim.com
            Subject: RE:

            i didn't even go home

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Thursday, October 11, 2001 12:19 PM
               To:     Lenhart, Matthew
               Subject:  RE:

               great, you don't stand a chance.  i didn't get home until
   5:30
         this
               morning
               and i think i was still drunk when i got to work. how about
      you?

               -----Original Message-----
               From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
               Sent: Thursday, October 11, 2001 11:58 AM
               To: erichardson@sarofim.com
               Subject:

               how are we doing on our contest?

   **********************************************************************
               This e-mail is the property of Enron Corp. and/or its
   relevant
            affiliate
               and
               may contain confidential and privileged material for the
   sole
      use
         of
            the
               intended recipient (s). Any review, use, distribution or
         disclosure
            by
               others is strictly prohibited. If you are not the intended
         recipient
            (or
               authorized to receive for the recipient), please contact the
         sender
            or
               reply
               to Enron Corp. at enron.messaging.administration@enron.com
   and
         delete
               all
               copies of the message. This e-mail (and any attachments
   hereto)
         are
            not
               intended to be an offer (or an acceptance) and do not create
   or
            evidence
               a
               binding and enforceable contract between Enron Corp. (or any
   of
         its
               affiliates) and the intended recipient or any other party,
   and
      may
            not
               be
               relied on by anyone as the basis of a contract by estoppel
   or
            otherwise.
               Thank you.

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


Ben, let's shoot for 9:00a on Wednesday, March 6th, Steve's office.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Asante, Ben
Sent:	Monday, March 04, 2002 10:16 AM
To:	Robertson, Audrey
Cc:	Harris, Steven; Watson, Kimberly; Foret, Leigh Ann
Subject:	Facility Planning & Optimization - Update Meeting

Audrey,
Could you please check Steve's and Kim's calendars to see if I can visit with them for about 30 mins
on Wed - Fri this week or some time next week. It will essentially be a Feedback/Update meeting on Facility planning and optimization support to marketing.
Thank you
Ben


Please prepare a draft isda for this hedge fund ASAP.  Before actually
distributing this ISDA, please give me word that it is ready in the event
that Bill wants to tweak something.


Re paragraph 8:  I just spoke with Mary Kay and Drew.  Because of FERC policy
on negotiated rates, we have to be careful to characterize paragraph 8 as a
bid evaluation method only.  Just because a shipper hits the max rate button
does not mean they are committing to 100% throughput.  In order to commit to
100% throughput, they need to submit a 2-part bid and indicate 100%
throughput.  Does this make sense?  Let me know if there are any problems.


OK w/me.

	Stephanie Sever/ENRON@enronXgate
	06/06/2001 01:30 PM

		 To: Tom Moran/ENRON@enronXgate, Kelly Lombardi/ENRON@enronXgate, Karen
Lambert/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT
		 cc: Lisa Lees/ENRON@enronXgate
		 Subject: FW: Tanker Freight Approvals - RUSH - New profile suggestion.

Legal (Tana Jones) would prefer to copy the profiles for the new product type
from the following:

 US Weather CDD Swap

Please respond as soon as possible today.

Thank you.

 -----Original Message-----
From:  Lombardi, Kelly
Sent: Wednesday, June 06, 2001 11:02 AM
To: Sever, Stephanie; Lees, Lisa
Cc: Lombardi, Kelly; Lambert, Karen
Subject: FW: Tanker Freight Approvals

Stephanie/Lisa:
Global agrees to the approval of copying product profile.  Please see below.
THX:
Kelly

 -----Original Message-----
From:  Landau, Georgi
Sent: Wednesday, June 06, 2001 10:58 AM
To: Lombardi, Kelly; Campos, Anthony
Cc: Lambert, Karen
Subject: RE: Tanker Freight Approvals

Approved and okay with financials!  Georgi

 -----Original Message-----
From:  Lombardi, Kelly
Sent: Wednesday, June 06, 2001 10:50 AM
To: Campos, Anthony; Landau, Georgi
Cc: Lombardi, Kelly; Lambert, Karen
Subject: FW: Tanker Freight Approvals
Importance: High

Georgi/Anthony:
Please approve the new copied profile below and send me an email response
a.s.a.p.
THX:
Kelly@5.8491

 -----Original Message-----
From:  Sever, Stephanie
Sent: Tuesday, June 05, 2001 10:17 AM
To: Jones, Tana; Lambert, Karen; Lombardi, Kelly
Cc: Lees, Lisa
Subject: FW: Tanker Freight Approvals
Importance: High

Tana/Kelly/Karen:

The product long descriptions below will fall under the new product type:
 US Tanker Freight Swap

Credit (Tom Moran) has approved copying the profiles for the new product type
from the following:

 US Crude WTI Fin Swap

Please respond no later than 10 a.m. on Wednesday, June 6.

Thank you.

 -----Original Message-----
From:  Moran, Tom
Sent: Tuesday, June 05, 2001 8:10 AM
To: Lees, Lisa; Sever, Stephanie
Cc: Lebrocq, Wendi
Subject: FW: Tanker Freight Approvals
Importance: High

Could you please copy the counterparty profiles from US Crude WTI Fin Swap
and use them for this new product.

Thanks!
tm

 -----Original Message-----
From:  Lozano, Melba
Sent: Monday, June 04, 2001 6:09 PM
To: Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran, Tom
Cc: Hunter, Larry Joe; Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert,
Karen; Lombardi, Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Cass,
Robert B.; Meredith, Kevin; Walker, Chris; Gockerman, Matthew F.; Alatorre,
Carlos
Subject: Tanker Freight Approvals
Importance: High

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail). If you have any questions please call me at ext.
58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

Trader:   Joe King

 << File: ENA Financial GTC (credit).htm >>     << File: Tkr Freight Swap
BITR 9 Jun01 WS.doc >>

==============================================================================

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 06:19 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 06:11 PM

		 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron
		 cc:
		 Subject:

Steve:
Here's a substantially more cleaned-version, with attachments.  There's a
hard copy on your chair.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 05:56 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject:

Jim:
It was a pleasure speaking with you yesterday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


Ernie's on the team now.

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/23/2001 01:27
PM ---------------------------

	From:  Chris Germany                           04/20/2001 04:19 PM

To: Laurie Ellis/NA/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Wade R
Price/HOU/ECT@ECT, Darla Saucier/NA/Enron@Enron
cc:
Subject: Re: Imbalance trades on CNG

Hi team.  Laurie has been asking for quite some time about an imbalance trade
behind NIMO.  As you can see, I did my usual ignore it and maybe it will go
away but its not working.  So,  this is what I need to know;

 Did Enron purcase gas (pool or local production) behind NIMO in Jan and Apr
2000?
What CES activity do we have at NIMO for the months shown above?
 Do we have any out-of-balance items at NIMO for the months shown above?

Laurie Ellis@ENRON
04/19/2001 07:41 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Imbalance trades on CNG

Chris, have you gotten anywhere with this?  I really need to get this
resolved.

Thank you
Laurie

	Enron North America Corp.

	From:  Chris Germany @ ECT                           04/02/2001 12:51 PM

To: Laurie Ellis/NA/Enron@ENRON
cc:

Subject: Re: Imbalance trades on CNG

713-646-8453

Laurie Ellis@ENRON
04/02/2001 12:27 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Imbalance trades on CNG

It is a CES deal.  I have some support that Cindy faxed me.  What is your fax
number and I'll send it to you.

Thanks for your help
Laurie

	Enron North America Corp.

	From:  Chris Germany @ ECT                           04/02/2001 12:07 PM

To: Laurie Ellis/NA/Enron@ENRON
cc:

Subject: Re: Imbalance trades on CNG

I just left Cingy a message  - I said that I'm not aware of any imbalance
trades that we intiated.  However, it could have been done by CES or EES.  I
asked her to call me back.

Laurie Ellis@ENRON
04/02/2001 09:56 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Imbalance trades on CNG

Chris, I am still trying to get these imbalance trades resolved.  John Bieltz
is no longer with Amereda Hess but Cindy Wernecke has been working this
issue.  She can be reached at (703) 317-2293.  Can you please get back to me
as soon as possible as they would like to resolve.

Thanks
Laurie
---------------------- Forwarded by Laurie Ellis/NA/Enron on 04/02/2001 09:53
AM ---------------------------

Laurie Ellis
11/22/2000 01:03 PM
To: Chris Germany/HOU/ECT@ECT
cc:

Subject: Re: Imbalance trades on CNG

No, I still haven't gotten anywhere on this.  My contact at Amereda Hess
(formerly Statoil) is John Bieltz.  His number is 703-317-2318 and his email
is jbieltz@hess.com.  Thanks for your help.

Laurie

Chris Germany@ECT
11/22/2000 12:48 PM
To: Laurie Ellis/NA/Enron@ENRON
cc:

Subject: Re: Imbalance trades on CNG

I'm sorry I have not responded sooner.  Any new developement on this?  To my
knowledge, ENA has not done any imbalance trades.  Do you have a contact at
Statoil?  I can call and try to get more info.  It could be some CES thing we
were not aware of.

Laurie Ellis@ENRON
11/01/2000 02:55 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Imbalance trades on CNG

Chris, do you have any information on an imbalance trade with Statoil on CNG
Niagara Mohawk for January and April 2000?  Statoil has been very patient
awaiting payment on this, but I cannot seem to find anything.  Gloria
Barkowsky suggested that I talk to you.  Thanks for your help.

Laurie Ellis


As requested, here is the current draft of the Midway LOI.  The counter party
has not seen this draft yet, so this is still preliminary.

I'm reviewing the term sheet re toll.

Kay


Kate this is a new file as of 2:30 today.  The previous one was from this
morning.
---------------------- Forwarded by Mark Confer/HOU/ECT on 05/02/2001 03:18
PM ---------------------------
To: Mark Confer/HOU/ECT@ECT
cc:
Subject: latest file

see attached.

bc


We're in!!!!

 -----Original Message-----
From: 	"Dronet, Elizabeth" <esdronet@hastingsmail.alief.isd.tenet.edu>@ENRON
Sent:	Thursday, October 25, 2001 12:39 PM
To:	'magnifica3@yahoo.com'; 'ren0012@hotmail.com'; 'jmjayce@hotmail.com'; Tonks, Colin; Pimenov, Vladi; Ames, Chuck; Pehlivanova, Biliana; Berryman, Kyle; 'kellyoden@hotmail.com'; Reed, Stuart; Marolo, Massimo; Piazze, Tara; Chiu, Lindon; Schlesinger, Lauren
Subject:	Dave Dronet's Birthday

Hi everyone!

Dave's birthday is on Saturday, November 3rd and we would love for you to
join us.  We are planning to eat at Buca di Beppo on the Buffalo Speedway.
I have reserved the Pope's Table for 9:00 p.m.  If you would like to come,
please RSVP.  Feel free to invite whoever you want to come along.
Here is a map to the restaurant.
http://houston.citysearch.com/map?mode=geo&lat=297277&lon=-954280&id=1144782
4&fid=2
Hope to see you there!
Elizabeth Dronet


---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/12/2000
11:02 AM ---------------------------

Richard Shapiro@ENRON
12/12/2000 12:03 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:

Subject: Re: Talking points about California Gas market

Please forward to those on 2nd e-mail you just sent. Thanks.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 12/12/2000
12:02 PM ---------------------------

Richard Shapiro
12/12/2000 12:02 PM
To: Leslie Lawner/NA/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT

Subject: Re: Talking points about California Gas market

Leslie,after seeing point # 3 in writing , I would be extremely reluctant to
submit. This kind of conjecture about  market manipulation , coming from us.
would only serve to fuel the fires of the naysayers- I would delete. Thanks.

From: Leslie Lawner on 12/12/2000 11:56 AM
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
cc:

Subject: Talking points about California Gas market

Here is my stab at the talking points  to be sent in to FERC along with the
gas pricing info they requested for the California markets.  Let me or
Christi know if you have any disagreements, additions, whatever.  I am
supposed to be out of here at 2:15 today, so if you have stuff to add after
that, get it to Christi.  Thanks.


Hello all,

The program for the 2000 Texas Finance Festival has been formalized and can
be found on our web site at

http://hsb.baylor.edu/html/martinj/festival2.html

I do need to remind you of a few things before we converge on San Antonio.
First, be sure to contact the convention hotel and make your reservations.
At last count there were only 6 rooms left.  Second, I need a completed
application form from everyone so that we can get an accurate meal count.
I am attaching the program announcement so you can fill out the appropriate
boxes for meals and numbers of guests in the event you have not sent in a
form.

Remember that we are starting the conference off with a luncheon on Friday
so plan on arriving early Friday or coming in on Thursday evening if you
can.  Our hotel is right on the river and there are lots of restaurants and
interesting things to visit in the immediate area (the Alamo is across the
plaza from the hotel).

We are making plans for spouses and children to attend both the dinner on
Friday and Saturday evenings.  The Friday evening dinner begins at 6 p.m.
so that we can be done in plenty of time for our private guided tour of the
Alamo at 8:00 p.m.  For Saturday we are still working out plans for the
evening so stay tuned.

There will be more information later as the conference nears.  Looking
forward to seeing you all and in beautiful, sunny San Antonio.

John

 - announcerev.doc

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed051601.pdf
 - ed051601.xls


<http://www.pmaconference.com/imagesemail/id000048/id00002.gif>
Power Markets 2002: Risk and Reward
April 17-18, 2002 * Excalibur Hotel * Las Vegas, NV
Click Here to Download a Complete Conference Brochure <http://www.pmaconference.com/markets2002.pdf>
  <http://www.pmaconference.com/imagesemail/id000048/id00003.gif>
We will see record numbers of new powerplants coming on line this year. New, much larger RTOs promise dramatic increases in liquidity. The Enron fallout will continue to force balance sheet improvements-- perhaps more mergers and acquisitions. Price volatility will continue, and risk management techniques will continue to be honed.
  <http://www.pmaconference.com/imagesemail/id000048/id00004.gif>
Transmission and RTOs
Representatives from PJM, Cal ISO and Midwest ISO on their respective regions.

Insurance
Scott Ettien f! rom NCM, Lynda Clemmons from Element Re and Pat Toner Goudarzi from ACE, on Credit Insurance, Weather-risk Insurance and Innovative Insurance Products, respectively

Exchanges
Monte Simpson of InterContinental Exchange and Brad Leach of NYMEX on the growth in the use of exchanges. Credit
Susan Abbott of Moody's on evolving credit standards in our industry

Markets
Chris Pollatos of Mirant, Dave Freeman of Panda and Mike Young of Aquila on the state of various aspects of the power markets.

And More!
Cabell Poindexter of Wyndham Mills on job prospects! John OBrien of Skipping Stone on the outlook for Transmission! Henwood on outlook for pow! erplant construction! Adrian Palmer of Caminus Corp on European Markets!
  <http://www.pmaconference.com/imagesemail/id000048/id00005.gif>
Mirant Americas Energy Marketing
Panda Energy
Aquila, Inc.
Moody's Investor Services
Skipping Stone
NYMEX
California ISO	 ICE
NCM Americas
Henwood Energy Services
Element Re
Caminus Corporation
Wyndham Mills International
  <http://www.pmaconference.com/imagesemail/id000048/id00006.gif>	!
On April 16, Scott Spiewak will be repeating his "Fundamentals of Power Marketing" preconference seminar. Essential for the new industry participant, it is also a valuable overview for the industry professional.
  <http://www.pmaconference.com/imagesemail/id000048/id00007.gif>
Click Here to Download a Complete Conference Brochure <http://www.pmaconference.com/markets2002.pdf>


Tana,
What is the status on this?

-Dan

 -----Original Message-----
From:  Diamond, Daniel
Sent: Tuesday, April 17, 2001 11:35 AM
To: Jones, Tana
Cc: Shults, Bob
Subject: TFS LOI
Importance: High

Tana,
Please send an LOI regarding Broker Client to Alan Kurzer of TFS Energy LLC
(akurzer@tfsbrokers.com).  The terms are as follows:

Term:  1 year
Commodities: North American Gas and US Power
Price:  $200,000/each or $300,000 for both
Thanks,

Dan


I think that your letter is very eloquent,
but I cannot be with you right now.

When you say not to take for granted
the trust, companionship, and love that we
had established, I think that this is
what is hurting most. My trust in you
was really strained with the abortion issue.
I haven't enjoyed your companionship lately, and
although I love you, I cannot get along with
you. I think you have simply taken these
things for granted too long. I've been
a real partner for some time, you
just didn't notice.

I really need some time apart.
I am going to move on, please do the same.

Beth


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude24.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas24.pdf

Dec/Red Dec WTI Spread
http://www.carrfut.com/research/Energy1/clz2-clz3.pdf
April Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
April Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUH-HOH.pdf
Feb/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUG-HUK.pdf
April/Dec Crude oil Spread
http://www.carrfut.com/research/Energy1/clj-clz.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG24.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG24.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL24.pdf


Brian,

Attached is a very rough draft of a 20/20 Term Sheet that is contemplated to
be attached to a Letter of Intent.  Please review and provide your thoughts.
I am sending it to you prior to otherwise circulating internally for review
and comment.  Also as you can see the HR/Office Issues are not addressed at
all.  I'll send a seperate document regarding those issues.


Robert,

HPLC entered into a gas purchase agreement with the BJD-ESS Corporation
(global #96036946) effective 4/1/2000 thru 3/31/2002.  The meter produced an
average of 19mmbtu/d for the month of April, 2000.  A deal ticket should be
created and entered into sitara based upon the following information:

Counterparty    Meter   Volume   Price   Period

BJD-ESS Corporation   6563   19mmbtu/d   85% IF/HSC  4/2/00 - 4/30/00

Give me a call if there are any questions or concerns.

Thanks,

vlt
x3-6353

Mary Poorman@ENRON
08/02/2000 09:34 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT, Anita
Luong/HOU/ECT@ECT, Stephanie Gomes/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
Subject: Resolved Issue: Re: Meter # 0986563 -

FYI -

It apppears that any deliveries made during the time frame from 12/99 -
04/02/00, were made without any contractual arrangements for purchase.
Therefore, Vance explained to me that the volume of 1,517 Dth for the period
should have been allocated to the Strangers agreement, just as it was.   Any
deliveries were unauthorized (UDOG) and the gas then belongs to HPL.  Please
give Vance a call if you have any further questions regarding this issue.

Thank you all for your patience and assistance.  I appreciate it!

Mary Jane


HOUSTON LONGHORN CLUB/A&M Annual  Luncheon

Wednesday, November 22, 11:30am; J.W. Marriott Hotel, 5150 Westheimer;
Special Guest: Mack Brown.? Members receive free admission at the door, all
others can purchase tickets at the door for $50.00. Arrive early, a huge
crowd  is expected.

GAME WATCHING PARTY!!!
?
Drop the turkey and stop counting those crazy ballots!!!?  It's time for
everything to come to a stand still and get ready for the Texas  War at
Darryl K Royal Texas Memorial Stadium.? There won't be a conference
championship awarded.?? A Heisman trophy isn't on the line this  year.? Texas
fans, year long bragging rights start when the fat lady sings  on Friday
afternoon.? Come out to Ruggles at Enron Field and cheer the  Horns to
Victory as they battle with that other Texas school.

Please join  us on Friday, November 24th, at RUGGLE'S@ENRON FIELD (new
location) as The  University of Texas takes on atm, 2:30 p.m.. Come for
Miller Lite drink  specials, appetizer specials, and $3 valet parking.? The
entry door to the  restaurant is located on the side of the restaurant facing
Crawford St. Ruggle's  is located on the NW corner of Congress and Crawford.
?
Directions to the ballpark can be found easiest on the  Astros.com website.?
There is free parking available along Crawford and  Congress as well as the
A, B, and C parking lots along the east side of Enron  Field near the Diamond
Club entrance.? Ruggle's address is 333 Crawford  Houston, TX 77002. The
phone number is 713-259-8080

BUS  CHARTER!!!
Don't want to drive to the UT vs. A&M game, take the  bus.? See attached
flyer for details.? Hurry, seats are  limited.
?
GET INVOLVED, IT'S NEVER TOO  LATE!!

For all of you who would like to get involved with a  Committee, we have the
following commitee meeting  dates:

??? TEXAS INDEPENDENCE  DAY CELEBRATION (March 9, 2001)
??????? Meeting dates as  follows:

???????Wednesday, Dec. 6th -  Mann,Frankfort,Stein&Lipp,?12 Greenway Plaza,
#800
?????? For more information, e-mail Jill  Willard at willardj@tklaw.com

??? EEYORE'S FUN RUN/WALK (March 31,  2001)
???????? Meeting dates  to be announced.? Contact Lanette Varnadoe  at
??????? LVarnadoe@texasmonthly.emmis.com?for  information.

Come Home to Texas; ESA, Your Home Away From Home!!
Are  You? Member??? Do You Receive the Alcalde??
If not, join the  Ex-Students' Assn. today.
Return this E-Mail to Ask How??
Suzanne Tamas;  houtexexes@pdq.net
 - Bus Charter Flyer for A&M.doc


Please plan to attend Path Manager Training w/ Dave Nommensen

  January 11, 2000
  at 3pm in EB30C1

   In addition to the region managers, (3) schedulers from each desk region
should attend as well.

   If you find that you cannot attend this meeting, please call me at x33278.

   Thank you,
   Heather Choate

---------------------- Forwarded by Robert Superty/HOU/ECT on 01/05/2000
09:43 AM ---------------------------

	From:  Dave Nommensen                           01/05/2000 09:36 AM

To: Robert Superty/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Charles T
Muzzy/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT,
Katherine L Kelly/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Heather
Choate/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
cc: Scotty Gilbert/HOU/ECT@ECT, Tommy J Yanowski/HOU/ECT@ECT, Inja
Chun/HOU/ECT@ECT, Dave McMullan/HOU/ECT@ECT
Subject: real time deal updates to Path Manager - test group

Beginning this week, we are actively testing the changes to Path Manager to
receive real-time deal updates from Sitara.  To prepare for this, we would
like to have a limited group of schedulers from each desk go thru a quick
walkthru/training of the new features sometime early next week.  This should
only take about 30 minutes.  Once they are comfortable with the features and
performance, and once the testing is complete, we would like to migrate this
to Unify Production either next week or the week after.  This should give us
an adequate adjustment period prior to the next bid week.

Once it is migrated to Production, we can either roll it out to all
schedulers or to selected schedulers via security.

Heather, could you please schedule some time with the designated schedulers,
Scotty, and myself early next week.  A room with a projector would work best.

Thanks, d.n.


Invoice  0203094 was a March 2002 invoice due 3/5/02.  It was not generated when the invoice request was made!

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Friday, March 08, 2002 12:20 PM
To:	Dicarlo, Louis; Miroballi, Angelo; Shoup, Cynthia; Castro, Shielah
Cc:	Shackleton, Sara
Subject:	Williams Production RMT Company--Financial Invoices

All,

I have confirmed that the following invoices for Williams Production RMT Company ("Williams"), were sent under ENA's Demand Letter dated March 1, 2002:

			Invoice Nos. 	020168809
					0202142
					020169166
					01121094
					01121761

Please note, the only Invoice not included with ENA's Demand Letter to Williams was:   0203094.  Therefore, advise as to whether this invoice also relates to Williams and why it was not included with ENA's letter of March 1st.

Further, please advise if the $7,686.87 interest check relates to all the invoices, including Invoice #0203094.

Thanks.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


Please order two new monitors for me.  I will be adding the two to the left
of the four screens I currenly have.  please request the arms as well.

thanks
mike


Thanks for the update.  Any suggestions on anyone we might retain if this
becomes a big "government to government" issue?

	John Hardy@ENRON_DEVELOPMENT
	01/26/2001 03:00 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Washington Actions re Dabhol

Steve
 With regard to Dabhol, Tom Briggs and I have already provided a status
briefing on the Dabhol situation to agencies across the government -
including DoEnergy, DOCommerce,DOState and DOTreasury.  The briefing was with
staff and brought them up to speed on where we stand.   As the new
administration moves into the positions relevant to the situation we will
brief them - all the way up to the cabinet officals.  I understand that Colin
Powell has already been briefed on the situation  and I know the Ambasssador
has been front and center on the issue.
 If we were to move into a crisis mode, we will need to brief senior officals
of the new administration at each of the  above agencies as well as the VP's
office.  Given their interest I think we will be able to do that quickly.
 We have also briefed OPIC and EXIM about the situation - they are
comfortable at this point.
 I am also getting the World Bank re-engaged to the extent that it is helpful
and not a problem.  They have resources that can help MSEB reform themselves
if MSEB will view it has a help.  It is a sensitive issue because the Bank
has historically been anti-Dabhol so I am taking it step by step.
 If you have any other questions just let me know.  thanks John


how 'bout some last minute banking !


Kim,

It is that time again. We do this 4 times/year. I need to get a cost
forecast by month from you for natural gas through the end of this year.
California Border.

p.s. I know it is early but is our price for March available yet?

thanks,    Arnold Paxton
    Akzo Nobel Chemicals Inc.
    323 260-8881


Bob, I have reviewed the draft and agree with it and the points of your
note.    The draft is ok to send from my perspective to the customer.  I will
hand carry the few minor comments that I had to your office.  I anticipate
that Mark and/or Kay will be the conduit for forwarding this agreement to the
Owner.

I suspect it makes sense for EECC, as part of the EPC effort, to procure,
arrange for others or assist the Owner with procuring the equipment.  How we
do it and what level of commitment will be a business issue for  ENA to
consider in the context of the overall project development effort and
subsequent contract negotiations.

With respect to the payment mechanism, I see this matter being worked out
during the contract negotiations.

Will let you know what I find out on the EECC NY licensing question.

Randy

	Robert Sevitz
	02/07/2001 02:11 PM

		 To: Kay Mann/Corp/Enron@Enron, Randy Pais/Corp/Enron@Enron
		 cc: Jude Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan
Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Bernstein/HOU/ECT@ECT
		 Subject: Coop City - Revised Contract Draft

Kay/Randy

Attached is the revised draft for your review.  Among other things, it
further moves the contract from international to domestic and addresses the
fully reimbursable basis and the differing responsibilities regarding
existing equipment.  I still have a few concerns regarding:

1. The equipment procurement mechanism, currently as agent for Owner.
2. The payment mechanism.  There is currently no down payment.

I have attempted to keep changes to a minimum.  Please call if you have any
questions about what I have done so far.  I would be happy to meet with you
to discuss any aspect of the document.


Sally
Here is the document we drafted today.  Please review in detail and revise as
needed.

I beleive it will be in everyones best interest for you to solidify the
organization structure with Causey,
Shankman, Lovarotta (sp) or whomever as needed.

Good Luck.

Let me know if there is anything more I can do to serve you in this process.

Respectfully,

Tom

 - Sally Beck OD 2000 Revision 2.doc


The west desk would like 2 analysts.


-----Original Message-----
From: 	Frazier, Michael
Sent:	Monday, March 11, 2002 2:32 PM
To:	Bishop, Serena; EES Power Settlements,; Jackson, Jeffrey
Subject:	EES CA SCHEDULE for 3/13/02
Importance:	High

The attached schedule is for Wednesday, March 13, and includes the impact of discontinued scheduling for IBM.  Please be advised that this schedule could be revised early tomorrow morning (before 9 AM or in time to post to the ISO) based on further discussion with PG&E concerning the IBM accounts.   Please call if you need further information.

Text files compatible with this forecast have already been posted to Sparky.

Michael R. Frazier
Manager, Load Forecasting
Enron Energy Services
Office: 713-345-3200
Pager: 877-926-0615
P-mail: 8779260615@skytel.com


Me and the kids get in at 10am, Kristi has to stay a little later for work
and will be in at 3pm.  I was also thinking we could buy tickets at the
stadium.  Don't worry about not taking time off.  See you Thursday.

DG

Kim.Mayers@mail.sprint.com on 11/07/2000 10:24:50 AM
To: Darron.C.Giron@enron.com
cc:
Subject: RE: Trip

I can't believe it either.  I just accepted a new job, so unfortunately
I don't think I can take any time off.  I am going to try and leave
early Friday.  I'm still testing out the waters over here in my new
group.  I am free in the evenings so I will plan on coming over to
dad's.  I would invite you all to stay at my house, but I don't have any
beds in the bedrooms!  I just moved in and am in the process of
furnishing.  What time are you coming in on Thursday?  Dad and I can
come up with some fun things for you all to do during the day.

We haven't purchased tickets for the game on Saturday.  We were thinking
we could just buy them the day of the game.  Shouldn't be a sell out!
I'm sure KU will lose.  Michelle's family is all excited about going to
the game Saturday.

I'm looking forward to seeing you all.  It's going to be a little cold
so be sure to bring warm clothes!

Kim Mayers
Product Manager
Sprint Broadband Wireless Group
Phone: (913) 315-9132
PCS: (913) 269-8197
Fax: (913) 315-0760
kim.mayers@mail.sprint.com

-----Original Message-----
From: Darron.C.Giron [mailto:Darron.C.Giron@enron.com]
Sent: Tuesday, November 07, 2000 10:12 AM
To: Mayers, Kim L.
Cc: Darron.C.Giron
Subject: Trip

I can't believe it is already time for our trip up to Kansas.  We are
arriving on Thursday morning and returning on Sunday morning.  Other
than
the game on Saturday, we don't have any plans.  See you soon.

DG


fyi
---------------------- Forwarded by Oscar Dalton/HOU/ECT on 03/08/2000 04:58
PM ---------------------------

Oscar Dalton
03/08/2000 12:18 PM
To: Stuart Zisman/HOU/ECT@ECT
cc:
Subject:

here is my first cut at Rochester.  Please add the non-binding language you
want.

Remember, the RFP is only focused on the turbine.  We have previously advised
Rochester that we cannot sell a turbine without bundling with other services.


because its with me

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 10:28 AM
To:	Maggi, Mike
Subject:	RE:

you tell me why and i will seriously think about it.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 10:27 AM
To:	Nelson, Michelle
Subject:	RE:

i think going to ny is in your best interest

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 10:15 AM
To:	Maggi, Mike
Subject:	RE:

see you cannot be trusted.  and how is that looking out for your best interests?  should you change your thinking sir?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 10:13 AM
To:	Nelson, Michelle
Subject:	RE:

youre right, im sorry, i think i was looking out for me

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 10:10 AM
To:	Maggi, Mike
Subject:	RE:

why would you want to do that?  how is that looking out for me?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 10:10 AM
To:	Nelson, Michelle
Subject:	RE:

i think so

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 10:09 AM
To:	Maggi, Mike
Subject:	RE:

are you trying to get me in trouble charlie brown?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 10:08 AM
To:	Nelson, Michelle
Subject:	RE:

really?

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 10:07 AM
To:	Maggi, Mike
Subject:	RE:

you find me the explanation to all and i will find the day!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 10:06 AM
To:	Nelson, Michelle
Subject:	RE:

i am serious, you can find one day

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:59 AM
To:	Maggi, Mike
Subject:	RE:

are you being serious?  i am not my own boss you forget.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:58 AM
To:	Nelson, Michelle
Subject:	RE:

you tell me, my schedule is pretty open

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:57 AM
To:	Maggi, Mike
Subject:	RE:

ok when?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:54 AM
To:	Nelson, Michelle
Subject:	RE:

cant we just go for one day

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:51 AM
To:	Maggi, Mike
Subject:

they are lighting the tree on wednesday in ny!  we are going to miss it.


The Alpert/Davis Bill (AB 265) and AB 1154 were voted out of the assembly
last night.  Three bills are now joined together.  The Alpert/Davis Bill (AB
265), Ducheny Siting Bill (AB 970) and AB 1154, which provides $150 million
of money from the general fund to offset undercollections resulting from the
Alpert/Davis bill imposition of a rate cap.

AB 970 is being heard in the assembly as we speak.  It is expected to be
voted out.  Then all three bills will be sent to the Governor to be signed.

There were no revisions to the Alpert/Davis bill.

Green Mountain is working on a letter, that Alpert would sign, saying that
underrecoveries resulting from the rate cap will be recovered from customers
that benefitted from the rate cap and that DA customers will not be
disadvantaged.


Click to learn more

We strongly oppose the use of unsolicited email and do not want to send our mailings to anyone who does not wish to receive them. As a result, we have provided this remove link for your convenience. This email is not unsolicited.  If you do not wish to receive further mailings, please take a moment to CLICK HERE  and simply hit "SEND".  You may then rest-assured that you will never receive another email from us again. I.D. # 0214310


Sounds good to me.

By the way, I was in Houston last week except Friday (had a meeting with FPL in Florida). Sorry I didn't come up to see you to talk more about this, or follow up with Canada. I guess I got my wires crossed because I thought in our meeting and calls the prior week that I was supposed to wait for further instructions before proceeding on transfer discussions with Canada.

In any case, Chris and I spoke today, and we are going to have a conference call with Brett this afternoon. He has already had discussions with Canada on a transfer price, thus establishing the bid - offer spread. Brett, Chris and I have already had various preliminary discussions on the shared turbine book, and how we think we should set it up. The rest of the transaction on the ABBs is understood from Canada's customer list and your e-mail below.

We'll be able to wrap up a draft Turbine Book strategy as you requested shortly, and propose a transfer price on the ABB units.

Regards,

Ben

-----Original Message-----
From:	Kitchen, Louise
Sent:	Mon 7/2/2001 11:15 AM
To:	Milnthorp, Rob
Cc:	Calger, Christopher F.; Jacoby, Ben
Subject:	Silence.............

Hello,

As I didn't hear anything last week on whether we had made progress on the transfer/sale of the ABB turbines (I know Ben was out too ) I thought I would put my thoughts in writing.  I am assuming that we are all on board with the fact that transferring these assets to the Turbine Book is the most efficient mechanism for dealing with the turbines going forward - please let me know if anyone thinks otherwise (excluding arguments about transfer pricing).

Transfer ABB turbines to the Turbine Book (under the management of Jacoby and Calger), capital charges to be picked up by the Turbine Book as of 7/01/01.   The Turbine Book is responsible for the turbines going forward.

Should a sale occur (negotiated by ECC) to any of the customers outlined in the documents, ECC has the right to buy back the assets at any time at the transfer price plus capital charge incurred during the period when the turbines were owned by the Turbine Book.  The call option expires 9/01/01 and can only be exercised for a sale to the counterparties in the document attached with the addition of Calpine for the purposes of a sale combined with the site (the call option for a Calpine sale is valid until 12/01/01).  If  ECC does not wish to pursue the sale to the counterparties in the document attached, then Jacoby can pursue these negotiations and if a sale is completed this year with these counterparties, the Turbine Book will receive a brokerage fee ($1 million) and ECC will pick up capital costs between 7/01/01 and the completion of the sale.

Please agree to a transfer price for these turbines, if a price cannot be agreed between you, please let me have your arguments substantiating your transfer price and I will arbitrate on the number on Friday.  Let me know if anyone disagrees with moving forward in this way.

Regards

Louise

 <<Sale Status June  25 01.doc>>


Gary,

We cannot agree to change "shall" to "may, if the parties agree"   in Section
13.9.

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


Jack:

    We routinely work with applications that have been "sent to the national
office."  If an application is "sent to the national office," it means that
an issue or issues have been identified in the application by the original
reviewing agent that give the agent pause, and which the agent feels a more
technical review by a more skilled agent is required.  It always means that
there is some problem with the application that could result in denial of the
application.

    I suspect that what the IRS would really like your client to do is
establish objective standards in your organization's fundamental documents
for determining who is to receive the assistance of the charity.   Such
standards would give the IRS assurance that only poor people would receive
the benefits, and make it easier to determine if the mission was being
adhered to in an audit of activities.  Addressing this concern could be as
simple as enacting a Bylaw amendment or more likely an amendment to the
Articles of Incorporation.

    Last year, our office was brought in at the "national office" stage, well
after the Form 1024 was filed, to help a group of ranchers and cattlemen in
Wyoming/Montana opposed to illegal imports of below cost beef, to obtain
trade association status, (501(c)(6)), that the national office kept trying
to deny by saying they were an agriculture organization (which meant
potentially less availability of tax deductible contributions under o162).
What we did in that case was setup a conference call with the client's
lawyers and the IRS national office team assigned to the file.  We talked
through the application, identified each and every problem the IRS had
identified, and then our firm prepared, in essence, a supplemental brief
addressing each issue.  In the process, we learned that a few minor changes
to the Articles of Incorporation and Bylaws, plus the supplemental
application information, were enough to address the IRS's agents concerns,
and they issued the tax determination letter.

    Thus, I would suggest that you request a conference call with the
national office agent or "team" reviewing the application, and get them to
identify each and every concern with the application.   Then, ask them for a
period of time to respond.  Ask them if changes in the fundamental corporate
documents would help address their concerns.  And of course, be mindful that
if you have had ongoing activities, you will want to be sure that anything
you do will result in retroactive deductibility for what contributions you
have already received.

    During late 1999, the IRS was accused of responding to political pressure
in triggering audits of exempt organizations by the Landmark Legal
Foundation, a conservative, Washington, D.C. legal foundation.  Landmark did
a Freedom of Information Act request and released documents which tended to
indicate that the IRS was auditing groups in response to complaints from
Congressmen.  The IRS denied that political influence plays a role in its
decisions, and, since then, the IRS exempt organizations unit has been very
careful about not creating an impression that they respond to political
pressure.

    If your client would like our firm to help as a consultant to work with
the national office, we'd be pleased to be of assistance.  We would need to
review the file and have your client execute a Form 2848 Power of Attorney
for us to join the team.

    Hope this is helpful.

Best regards,

Jim Lacy
Wewer & Lacy, LLP

CONFIDENTIALITY NOTICE: The information contained in this communication and
any
accompanying document(s) is protected by the attorney-client and/or the
attorney/work product privileges.  It is intended for the sole use of the
addressee.  If the person actually receiving this communication or any other
reader of the communication is not the named recipient, or the employee or
agent responsible to deliver it to the named recipient, you are advised that
any disclosure, copying, distribution, or the taking of any action in
reliance upon the communication is strictly prohibited.  Any such inadvertent
disclosure shall not compromise or be a waiver of any applicable privilege as
to this communication or otherwise.  If you have received this communication
in error, please immediately notify us by telephone at (949) 248-1154, or
contact the sender at our email address above.  Thank you.


----- Forwarded by Karen L. Taylor/Denver_MKT/PEFS/PEC on 10/21/01 02:44 PM
-----

                    Karen L.
                    Taylor               To:     paul lucci
                                         cc:
                    10/21/01             Subject:
                    02:44 PM

Paul,

Hi.  On the Petrogulf deal, are you proposing Enron or Petrogulf gets the
tport contract on OTTCO?  I'm assuming right now the tport will be with
Enron.  I also assume you are purchasing Petrogulf's gas at the Jonah
delivery point into OTTCO since Petrogulf will have to use their Jonah
contract to get it through that system.  I think you said you wanted WIC
space for November and December.  How much are you talking about?  If it's
only Petrogulf you're purchasing, we're probably talking no more than
3mmcf/d.  Please confirm Monday a.m.  We'll be meeting sometime Monday
morning to go over the allocation at the Jonah JT skid (the point of
constraint on getting into OTTCO since it's beyond full) and our system
supply situation for OTTCO for November.  Remember Petrogulf will have to
sign a processing contract with Jonah for the JT skid.  If they plan to
process at Opal after the expansion is complete, they will have to put
together a deal with Williams or use yours, if you have one.

How special do you feel that I'm working on your deal on a Sunday
afternoon??

kt


PLEASE RESPOND TO IRIS WASER!!

FOR THOSE OF YOU WHO HAVE RESERVED CABARET TICKETS - SHOW ME THE MONEY!!!!!

Make Checks payable to Enron Corp. and forward to me - Iris Waser at EB846a -
DEADLINE IS Friday 5/26.

I still have a few tickets left, so if you want to have some fun ... come to
the CABARET on July 8 (Saturday matinee).

Member ticket prices are $37.00.  Give me a call at 39012 or send your check
to EB846a.


-----Original Message-----
From: Joor, William E., III
Sent: Tuesday, March 21, 2000 11:29 AM
To: Dilg, Joe
Subject: FW: NoCal March 20 Draft - Natural Gas Pipelines and
Distribution

William E. Joor III
Vinson & Elkins L.L.P.
3600 First City Tower
1001 Fannin
Houston, Texas  77002-6760
Tel:  713-758-2582
Fax:  713-615-5201
wjoor@velaw.com

 +++++++++++++++++++++++
 CONFIDENTIALITY NOTICE
 +++++++++++++++++++++++
 The information in this email may be confidential and/or
privileged. This email is intended to be reviewed by only the individual
or organization named above. If you are not the intended recipient or an
authorized representative of the intended recipient, you are hereby
notified that any review, dissemination or copying of this email and its
attachments, if any, or the information contained herein is prohibited.
If you have received this email in error, please immediately notify the
sender by return email and delete this email from your system. Thank You

-----Original Message-----
From: Michael Linn Miller [mailto:Michael.Linn.Miller@enron.com]
Sent: Monday, March 20, 2000 6:44 PM
To: J Mark Metts; Taylor, Mitchell (Enron); Amit Walia; Ceci Torn;
fstable@ei.enron.com; Sayre, C. Frank (Enron); fleite@enron.com; Lewis,
Jim C. (Enron); Young, Randy (Enron); Christodoulou, Diomendes (Enron)
Cc: Joor, William E., III; Alastair.maxwell@msdw.com;
Martin.arias@msdw.com; ramzi.nassar@msdw.com
Subject: NoCal March 20 Draft - Natural Gas Pipelines and Distribution

As previously indicated.

MLM
---------------------- Forwarded by Michael Linn Miller/ENRON_DEVELOPMENT on
03/20/2000 06:48 PM ---------------------------

Ramzi.Nassar@msdw.com on 03/20/2000 03:28:23 PM

To:   Michael.l.miller@enron.com
cc:

Subject:  NoCal March 20 Draft - Natural Gas Pipelines and Distribution

(See attached file: #143900 v1 - Natural Gas Pipes (Promigas).doc)(See
attached
file: #143900 v1 - Natural Gas Pipes (Centragas).doc)

(See attached file: #143900 v1 - Natural Gas Pipes (Promigas).doc)
(See attached file: #143900 v1 - Natural Gas Pipes (Centragas).doc)

 - #143900 v1 - Natural Gas Pipes (Promigas).doc
 - #143900 v1 - Natural Gas Pipes (Centragas).doc


FYI!  Just wanted to let you guys know that there will be new production on
CNG @ the Bridgeport agg point beginning August.  The producer name is Elvis
Energy and the meter # is 4281001.  The meter is located in Barbour County in
West Virginia and is estimated to produce about 15 dth a day.

Thanks,
Heidi


Charlie,

See attached.

Thanks,
Joe


It's getting to be that time of the year again.
---------------------- Forwarded by Cindy Stokes/HOU/ECT on 05/01/2000 12:01
PM ---------------------------

	From:  Irma Alvarez                           04/28/2000 10:04 AM

You've guessed it!  Mid Year PRC is around the corner and we must start
preparing for it.

In preparation for the upcoming Mid Year Review Process, we will need your
assistance with the Communication to your groups!  Therefore, we, the Human
Resources Team for ENA, are requesting your assistance in generating all the
communication materials needed to your group to make sure we don't leave
anyone uninformed.   The first two pieces of communication coming your way,
besides  the e-mail announcements that have recently been distributed, is the
ever so famous Quick Reference Guides & the new PEP cards.  This time around,
the Global Performance Mgmt team has decided not to have so many hard copies
distributed  of the Quick Reference Guides because you are receiving the
e-mail version copy, as you will find attached below.  The reason behind this
is that ENA has been through this process for the last few years and the
Quick Reference Guides contain alot of the same information as in the past,
and seem to come in much more handy for employees tha are new to the company
and to the process.

Next, the Global Perf Mgmt team has created this nifty PEP Card that has very
minimal highlighted information for everyone.
Please anticipate the PEP Cards in your group this Friday afteroon.  We will
also get out a few hard Copies of the Reference Guides, but again, it is
attached below, so please don't anticipate a copy of the Quick Reference
Guides for everyone in your group.

We will be sending a follow up e-mail to you all to advise you of the
schedule for any training classes that will be available before the
Performance Mgmt system opens on May 15th.

We ask that you assist us in this process by distributing detailed e-mails
such as this (addressed to all the Admn Asst's) to your group.  Your
assistance and cooperation is critical, but most importantly greatly
appreciated.

Please feel free to contact your HR rep with any questions you may have, and
also, the PEP Hotline is already currently available to provide all employees
with Perf Mgmt Assistance.

Thanks again.

Irma Alvarez
ENA HR Coordinator
Ext. 3-1543


Susan,

I need you to do the research on this meter.  You will need to review the
various scheduling systems to see how this was handled prior to 2/96.  You
can also check with Volume Management to see if they have any info regarding
the allocation of the point.  Let me know what you find out and I will work
on getting a deal in place.

Daren

Susan D Trevino
11/29/99 03:41 PM
To: Daren J Farmer/HOU/ECT@ECT
cc: Mary M Smith/HOU/ECT@ECT
Subject: Meter 5892 - UA4 1996 and 1997 Logistics Issues

Daren,

The following months are outstanding UA4 issues which appear to need a
contract.  Please research and let me know if this gas was actually
purchased.  Thanks, Susan.

Month  Volume
2/96  364  MMBTU
3/96  491
4/96  483
5/96  469
6/96  466
7/96  464
8/96  447
9/96  404
10/96  19
11/96  18
12/96  18
2/97  17
3/97  17
4/97  19


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 07/26/99 08:38 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  DJIRequests @ ENRON                           07/13/99 09:56 PM

To: Dow Jones Interactive - North America Enron
cc:
Subject: Announcing - Dow Jones Interactive

We are pleased to announce corporate-wide availability of Dow Jones
Interactive (DJI)--the world's most comprehensive business intelligence
service--directly to employees' desktops.  The top quality business
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GETTING STARTED - REQUEST DJI FOR YOUR DESKTOP

Submit your request for DJI through the Enron Lotus Notes SRRS process and
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If you do not have access to SRRS, submit your DJI request to the email
address:  djirequests@enron.com, and provide the following information:

First Name
Last Name
Email Address
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City
State
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(Country if outside the US, Province if Canada)

OPEN HOUSE JULY 27

You're cordially invited to an open house on TUESDAY, JULY 27 to see Dow
Jones in action.  Dow Jones representatives will be on hand to demonstrate
the power of this service at EB560.  Come any time between the hours of 8:30
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For other valuable tips and information or a brief tour, visit the DJI
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TRAINING

We will also offer special classes beginning the week of July 12th for
hands-on training so you can learn how easy it is to access the information
you need.  Please contact LeRea Pharr in the Training Department (x3-1816) to
schedule your training.

IF YOU NEED HELP, CONTACT:

? Your Enron Help Desk
? Dow Jones Customer Service, 8:00 a.m. to 11:00 p.m. EST at 800-369-7466
? Lynn Yost, Account Development Executive, 713-840-1432,
lynn.yost@dowjones.com
? Idella Attuquayefio, Sales Associate, 713-626-1592,
idella.attuquayefio@dowjones.com
? Tina Byrne, Enterprise Consultant, 713-626-8833, tina.byrne@dowjones.com
? Lisa Lees, Enron Market Intelligence, 713-853-6322, mktintell@ect.enron.com