Low numbers.
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/19/2000
09:01 AM ---------------------------

Simone La Rose
12/18/2000 07:24 PM
To: Kenneth Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Cliff
Baxter/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Jay
Fitzgerald/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Daniel Reck/HOU/ECT@ECT,
Tim Belden/HOU/ECT@ECT, Thor Lien/OSL/ECT@ECT, Douglas S
Friedman/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Dave Samuels/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT,
George McClellan/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Jim Fallon/Enron
Communications@Enron Communications, Jeffrey McMahon/HOU/ECT@ECT, Joseph P
Hirl/AP/ENRON@ENRON, William S Bradford/HOU/ECT@ECT, Mark
Frevert/NA/Enron@Enron, Paula Rieker/Corp/Enron@ENRON, Cedric
Burgher/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON, Kathryn
Corbally/Corp/Enron@ENRON, michael.r.brown@enron.com, Allan
Sommer/Corp/Enron@Enron, Philippe A Bibi/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron, Bruce Garner/LON/ECT@ECT, Mark Pickering/LON/ECT@ECT,
Paul Goddard/EU/Enron@Enron
cc: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Kal
Shah/HOU/ECT@ECT, Andy Zipper/Corp/Enron@Enron, Savita
Puthigai/NA/Enron@Enron, Liz M Taylor/HOU/ECT@ECT, Jennifer
Thome/NA/Enron@Enron, Michael Bridges/NA/Enron@ENRON, Justin
Rostant/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT,
Jennifer deBoisblanc Denny/HOU/ECT@ECT, Leonardo Pacheco/Corp/Enron@Enron,
Matt Motsinger/HOU/ECT@ECT, Peter Berzins/NA/Enron@Enron, Daniel
Diamond/HOU/ECT@ECT, Lydia Cannon/HOU/ECT@ECT, Christie Patrick/HOU/ECT@ECT
Subject: EnronOnline Management Report for December 15, 2000

Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/15/2000
Transaction Summary
External Transactions Today	3,153
Average Daily External Transactions (30 day Trailing Avg)	4,310
Total Life to Date Transactions	529,333

EnronOnline Daily % of Entity's Total Transactions for 12/15/00	Trans	Percent
Enron North America	2,379	69%
Enron Europe Limited	182	39%
Global Products	109	27%
Enron Metals	483	25%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,190,813,840
MTD	39,901,692,567
LTD	318,754,453,897
Average Daily Notional Value (30 Day Trailing Avg)	3,389,756,362

Notional Revenue from Physical Flows to Date	21,245,199,246

Counterparties, Users, and Products Offered
Counterparties having transacted to date	612
New Counterparties transacting for the first time today	0
Number of Products Offered Today	1,008
Total Number of External Users Logged on Today	3,294
Average # of External Users logged on (30 day Trailing Avg)	3,021

Also attached is the Weekly Public Domain Report, containing information
which is intended for use in presentations or reports which will be seen by
individuals outside Enron.


Kam Keiser suggested I give you a call, the auditors have requested all the deals for the Chicago office books.  I need to get a list of all TAGG deals since 1/00 that are done with the book FT-ENOV and INTRA-ENOV.  Is this possible.  I need to give a list to Arthur Anderson as soon as possible.  Thanks for your help.
PL


Here is the REVISED schedule.

Thank you-
Meredith X57141
----- Forwarded by Meredith Philipp/Corp/Enron on 01/19/2001 05:01 PM -----

	Meredith Philipp
	01/19/2001 02:51 PM

		 To: Jeff Skilling/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON
		 cc: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Vance
Meyer/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Mark
Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON
		 Subject: Earnings Media Interview Schedule

The following is the earnings media interview schedule for Monday, 1/22/01.
Please call me if you have any questions.

Thanks-
Meredith  x57141


My mistake in raising the issue - Peter Sceats is with the broker in London
who arranged the trade.


Since I left, I don't know where this project stands. However, thought you
might want to see this.

Hope all is well.

Regards,

Stephanie
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 03/15/2000
10:54 AM ---------------------------

trobison@prosRM.com on 03/15/2000 10:38:31 AM
To: smiller@enron.com
cc:

Subject: Williams Licenses prosRM Capacity Management System from PROS
Revenue Management

Tina Robison
Corporate Communications
PROS Revenue Management
713-335-5397 - fax
713-335-5813 - phone
trobison@prosRM.com

 - WILLIAMS.PROS.PDF


Gary -- The biggest problem that I have experienced with emergency employee contact information during Tropical Storm Allison & during recent system outages is that all our contact lists are stored in an intranet environment.  When systems or the Internet are down, we can't get to the contact info.  I am now resorting to keeping a copy of customer contact info stored on a diskette.

 Are there any plans to store a copy of this info on a non-Enron ISP that could be accessed from our Home ISP if the Enron intranet or servers are down?
 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of Gary P. Smith- VP Human Resources@ENRON
Sent:	Thursday, September 27, 2001 9:36 PM
To:	Enron Transportation Services Everyone - All@ENRON
Subject:	Emergency Response Information

ETS is developing a web-based Emergency Response Information (ERI) system to provide access to employee contact information including work phone, home phone, cell phone, fax number and pager numbers. To facilitate and manage the collection of personal contact data, a new field has been added to eHRonline. Beginning Monday, October 1, all ETS employees will be prompted to either ACCEPT or DECLINE publication of personal data (i.e., home phone number) when first entering the eHRonline system. All ETS employees should access the eHRonline system at their first opportunity to respond to this new request.

While certain positions within ETS mandate disclosure of personal contact data (i.e., home phone number) for emergency response purposes, in other cases disclosure of this information is at the discretion of the employees. If you are an ETS Operations employee and do not want your home phone number published, please contact your Director prior to electing not to publish your personal contact information.

To access eHRonline, go to the ETS HRWeb link: https://ehronline.enron.com/ and select eHRonline. Employees must enter their SAP Personnel Number and Password to enter the system.  If you do not know your SAP Personnel Number or Password, please contact the Integrated Solutions Center at (713)-345-4727.


-----Original Message-----
From: 	<scs@rice.edu>@ENRON
Sent:	Tuesday, January 22, 2002 10:26 AM
To:	Shackleton, Sara
Subject:	New Spring Courses at Rice Continuing Studies

Check out the Continuing Studies Spring 2002 courses on the Web at http://scs.rice.edu
Highlights of the spring schedule include:
"Discovery!  How Advances Are Made in Science, Engineering, and Technology "
"Religious  Traditions of India "
"Classic  to Contemporary: The Evolving Art of Ballet "
"Ray  Miller's Texas "
"Origins  of Postmodern Culture "
"The  Search for Meaning "
"Roosevelt  and Wilson: The Emergence of the Modern Presidency "  Creative  Writing courses   Communication Skills courses   and much more.

Log on today and register before classes fill up. Or call us at 713-348-4803  for more information.
To be removed from the Rice University School of Continuing Studies Email Newsletter, please reply to this email with the word "UNSUBSCRIBE" in the subject line.


Here is the Stoddard image-one more to go.


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/06/2000 07:47
AM ---------------------------

Tommy Garza
06/05/2000 06:02 PM
To: Chris Behney/HOU/ECT@ECT, Michael Bodnar/ET&S/Enron@ENRON, James L
Copeland/HOU/ECT@ECT, Gene L Brantz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ngoc Luan
Do/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne Feng/ET&S/Enron@ENRON, Tommy
Garza/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, David L
Glessner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Hylton/Corp/Enron@ENRON,
Steve Iyer/ENRON_DEVELOPMENT, Dan Kirtane/ET&S/Enron@ENRON, Joshua M
Langford/HOU/ECT@ECT, Steve Littel/OTS/Enron@ENRON, Joseph Eric
Maier/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David McEllin/FGT/Enron@ENRON,
Dave McMullan/HOU/ECT@ECT, Robert S Smith/OTS/Enron@ENRON, Angela
Sayegh/OTS/Enron@ENRON, Norm Spalding/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Agatha B Tran/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob
Meckna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Pfeffer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl Norton/HR/Corp/Enron,
Julie Meyers/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT,
Daniel Olson/FGT/Enron@ENRON, lmchurch@flash.net, Tommy Garza/HOU/ECT@ECT,
Brian Kerrigan/HOU/ECT@ECT, Alex Arriaga/EPSC/HOU/ECT@ECT, Michelle
Horn/GPGFIN/Enron@ENRON, George Weber/Corp/Enron@ENRON, Tracy
Weltz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Reyna Cabrera/HOU/ECT@ECT, Ace
Roman/HOU/ECT, Todd Thelen/Corp/Enron@ENRON, Erwin Grose/Corp/Enron@ENRON,
Tracee Bersani/HOU/ECT, Sharad Malhotra/HOU/AZURIX@AZURIX, Valter
Stoiani/Corp/Enron@ENRON, Jackie Nelson/HOU/ECT@ECT, David Horn
<David.Horn@sage.nelesautomation.com> @ ENRON, Shyril L Scott/HOU/ECT@ECT,
Martin Lin/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT,
Daniele Crelin/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Mark
Frank/HOU/ECT@ECT, Jin Guo/HOU/ECT@ECT, Timmy Ng/HOU/ECT@ECT, Daniel
Diamond/HOU/ECT@ECT, James Armstrong/HOU/ECT@ECT, Charles Barker
Varnell/DEN/ECT@Enron, Gregg Lenart/HOU/ECT@ECT, Candi Stanley/HOU/ECT@ECT,
Christopher Riley/HOU/EES@EES, Trina Samuel/HOU/EES@EES, Michelle
Juden/HOU/EES@EES, Anita Llamas-Granado/HOU/EES@EES, Yasir Khan/HOU/EES@EES,
Liz Beddingfield/OTS/Enron@ENRON, Jerry Spencer/GPGFIN/Enron@ENRON, Lisa
Costello/OTS/Enron@ENRON, Joni Moeller/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rosalinda V Gonzalez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sherryl
Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin Lin/HOU/ECT@ECT, Susan
Brower/ET&S/Enron@ENRON, Jean Eakins/GCO/Enron@ENRON, Barbara
Rose/HR/Corp/Enron@ENRON, Carolyn Henry/ET&S/Enron@ENRON, Amy
Oberg/HOU/EES@EES, Michelle Robichaux/HOU/EES@EES, Zulema
Ibarra/Corp/Enron@ENRON, Ahmed Malik/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Maria Luna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edward Jr
Chavez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patrick
Dominguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael Neves/HOU/ECT@ECT,
Carol Essig/Corp/Enron@ENRON, Guy Schlein/Corp/Enron@ENRON, Daniella
Carneiro/Corp/Enron@ENRON, Sandra Hrna/HOU/ECT@ect, Adrial
Boals/Corp/Enron@Enron, George Thomas/Corp/Enron@ENRON
cc:
Subject: June 13th Tournament.

ENRON TENNIS ASSOCIATION TOURNAMENT

WHERE: THE METROP0LITIAN RACQUET CLUB
ONE ALLEN CENTER     Houston TX. 77002
WHEN:  SATURDAY, JUNE 13TH, 2000

TIME:  9:00 A.M.  TO  1:00 P.M.

FORMAT: SINGLES

Warm up begins at 9: a.m.  And play starts at 9:30 a.m.
Dues are $25.00 for the season.
It can be paid at the tournament or sent to any of the officers of the Tennis
Committee.
Make checks payable to &Enron Corp8.
A new waiver of liability form will need to be completed by each player prior
to the tournament.
Food and drinks will be provided.
Due to limited court space and time please RSVP by Thursday 8th, 2000 if you
are planning to attend. The Tennis
Association reserves the right to change format to Doubles due to a larger
than normal turn out.

If you have any questions, please feel free to contact any one of the Enron
Tennis Association Committee:
Tommy Garza @3-6686, Gene Brantz @6-7428, James Pfeffer @6-7685, Dan Olson @
3-5601 or Robert Smith @6-7427.

Thanks and we look forward to seeing you there.

Feel free to pass this information on to any one else interested in
participating with the Tennis Association.


---------------------- Forwarded by Rebecca Sanchez/HOU/ECT on 03/16/2000
02:09 PM ---------------------------

Rufino Doroteo
03/16/2000 07:46 AM
To: Rebecca Sanchez/HOU/ECT@ECT
cc:
Subject: Fwd: La voz de tu conciencia

see if you understand what this thing says.  turn down the volume down a bit!

---------------------- Forwarded by Rufino Doroteo/HOU/ECT on 03/16/2000
07:43 AM ---------------------------

david doroteo <david_doroteo@yahoo.com> on 03/15/2000 09:50:55 PM
To: rufino.doroteo@enron.com
cc:
Subject: Fwd: La voz de tu conciencia

Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
X-Apparently-To: david_doroteo@yahoo.com via web126.yahoomail.com
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From: "GUERA" <GUERA-DELCAST@prodigy.net>
To: "osorio" <osorio2@ix.netcom.com>, "Mark Fertitta"
<mark_fertitta@msn.com>,        "'David Doroteo'"
<david_doroteo@yahoomail.com>,        "R-Mando" <mando-ang@hotmail.com>,
"Daniel Mendez" <MysterioD@aol.com>,        "Saul Martinez"
<elangelit0@aol.com>,        "xavier lopez"
<lopezxavier@latinmail.com>,        "visente Lopez" <rockkkkk@excite.com>,
"gs" <luis_danielc@hotmail.com>,        "Alexander Gil"
<akg9908@hotmail.com>,        "Rildon de la O" <delaor@prodigy.net>,
"Peter De La O" <agent003@hotmail.com>,        "Jesus De La Cerda"
<jdlc009@yahoo.com>,        "Juan Pablo Castellano"
<octubre1972@hotmail.com>,        "32_Support" <32_Support@panda-law.com>
Subject: La voz de tu conciencia
Date: Wed, 15 Mar 2000 18:50:08 -0600
MIME-Version: 1.0
X-Priority: 3
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boundary="----=_NextPart_000_0019_01BF8EAF.48FFAE00"
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Content-Length: 343469

 - La voz de tu conciencia.wav


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

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


I gather you heard about 6 to 7 for Cornhusker for this quarter.  About 4 in cash and about 2 in reval accretion.

East Coast s/b essentially flat.  Cash in and lower reval netting.

Any questions about these items and you can typically get the quickest estimate or actual from me.  We do need to discuss ECP debt today if you're available.

Chuck
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


The change appears necessary since there is no 20.1 B.

This must have been left over from the GE contract.
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/07/2000 03:41
PM ---------------------------

	Enron North America Corp.

	From:  Lisa Bills                           07/07/2000 03:17 PM

To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
Mann/Corp/Enron@Enron
cc: Roseann Engeldorf/Corp/Enron@ENRON

Subject: Re: ABB rev 10

FYI
---------------------- Forwarded by Lisa Bills/Corp/Enron on 07/07/2000 03:17
PM ---------------------------

"ROB TAYLOR" <TAYLR@andrews-kurth.com> on 07/07/2000 03:12:24 PM
To: <Lisa.Bills@enron.com>
cc: <Roseann.Engeldorf@enron.com>

Subject: Re: ABB rev 10

My comment on ABB rev 10:

delete ",OR FOR THE AMOUNTS PAYABLE TO SELLER PURSUANT TO SECTION 20.1(B)
HEREOF" from the end of Section 23.4.

Regards,

Rob Taylor
Andrews & Kurth L.L.P.
Chase Tower
600 Travis Street
Suite 4200
Houston, Texas  77002

Tel:  (713) 220-4436
Fax:  (713) 238-7273

robtaylor@andrews-kurth.com

This e-mail (and any attachment(s) hereto) is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail (and any attachment(s) hereto) is strictly
prohibited.  If you have received this e-mail in error, please immediately
notify me at (713) 220-4436 and permanently delete the original and any copy
of such e-mail and destroy any printout of such e-mail.

>>> <Lisa.Bills@enron.com> 07/07/00 11:43AM >>>
FYI.
---------------------- Forwarded by Lisa Bills/Corp/Enron on 07/07/2000
11:42 AM ---------------------------

From: Kathleen Clark@ENRON_DEVELOPMENT on 07/07/2000 11:12 AM

To:   Kay Mann/Corp/Enron@ENRON
cc:   Lisa Bills/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, Matthew
      Berry/HOU/ECT@ECT@ENRON, Roseann Engeldorf/Corp/Enron@ENRON, Ben
      Jacoby/HOU/ECT@ECT@ENRON, Matthew F Gockerman/HOU/ECT@ECT@ENRON,
      scott.dieball@enron.com

Subject:  Re: ABB rev 10  (Document link: Lisa Bills)

Here is a comparision showing the changes made since Rev 5 for your review:

(See attached file: REV 5VS10.rtf)

Please note that the comparision causes changes in formatting, numbering,
etc. which are not in the original.


As discussed in the California conference call this morning, I have prepared a bullet-point summary of the CERA Special Report titled Beyond the California Power Crisis: Impact, Solutions, and Lessons.If you have any questions, my phone number is 713 853-3170.

Robert


Here it be.  Enjoyed talking with you.

Brent C. Bailey
Vice President and General Counsel
Duke Energy North America, LLC
5400 Westheimer Ct.
Houston, Texas 77056
Ph:  713-627-5307
Fax: 713-627-5550
E-mail:   bbailey@duke-energy.com


Are there any individuals in your group that might find this seminar
beneficial?
----- Forwarded by Tana Jones/HOU/ECT on 07/19/2000 08:17 AM -----

	Sylvia Hu@ENRON
	07/14/2000 03:20 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Westlaw Luncheon - Thursday, 7/27  at EB 47C2  12 - 1:30 PM

Tana:

Please feel free to extend the invitation to any Enron employees who may be
interested in the presentation.  1st come, 1st serve.

Thanks,
Sylvia

----- Forwarded by Sylvia Hu/Corp/Enron on 07/14/2000 03:17 PM -----

	Tana Jones@ECT
	07/13/2000 07:39 PM

		 To: Sylvia Hu/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Westlaw Luncheon - Thursday, 7/27  at EB 47C2  12 - 1:30 PM

Is this only available to the Legal Group?  There are a few people in Credit
and Global Contracts that might find this helpful.  Please add me to the
list.  Thanks!

	Sylvia Hu@ENRON
	07/13/2000 05:51 PM

		 To: Elizabeth Linnell/HOU/EES@EES, Stephanie McMurray/HOU/EES@EES
		 cc: (bcc: Tana Jones/HOU/ECT)
		 Subject: Westlaw Luncheon - Thursday, 7/27  at EB 47C2  12 - 1:30 PM

Westlaw has a new product - Westnews out on market in competing with Lexis'
Company Dossier on Lexsi-Nexis Universe.   You will have an opportunity to
learn Westnews from Michael Springler, Westlaw Attorney.  The presentation on
Westnews will be held at Conference Room EB47C2 on Thursday, from 12:00 noon
- 1:30 PM.  Lunch will be provided by Westlaw.  Please R.S.V.P. to Sylvia Hu
( x36775) or (email) by noon, 7/26.

Uncover relationships between people and businesses by searching Westnews and
public records on Westlaw.

Resources available include:
Company Profiles / People Finder / Asset locator
Corporate and Limited Partnership Records
Bankruptcy filings / UCC filings / Lawsuit filings
and more than 6,000 news and business publications,
including The Wall Street Journal.

Sylvia Hu
Corporate and Law Information Services
x36775


Notice # 01-366
October 31, 2001

TO:
All NYMEX Division members
All NYMEX Division cleating members

FROM:
J. Robert Collins, Jr., President

RE:
Introduction of EFS Trading in Natural Gas

The New York Mercantile Exchange, Inc., will begin offering tomorrow
exchange of futures for swap (EFS) transactions in the first step of its
plans to offer over clearing services to the over-the-counter (OTC) natural
gas market.

This plan will also include the introduction of large order execution in the
natural gas futures market and electronic trading of cleared natural gas
swaps and basis contracts.

We are delighted that we were able to expedite the introduction of this
instrument as the current climate in the natural gas market has served to
reinforce the necessity of credit intermediation.  The liquidity of our
market, combined with a clearinghouse that has half billion dollars
available to participants on each of the Exchange divisions through each
guarantee fund and the respective clearing members, put us in a unique
position to offer these services.

In addition, natural gas futures and options volume in 2000 reached the
equivalent of approximately 230 trillion cubic feet of natural gas and the
notional value of last year's transactions Exchange-wide totaled $3
trillion, or $14 billion per day.

EFS transactions will work similarly to exchange of futures for physical
(EFP) transactions.  Two parties will be allowed to privately negotiate the
execution of an integrated over-the-counter swaps and related futures
transaction on pricing terms agreed upon by the involved parties.  The
transaction must involve approximately equal but opposite side-of-market
quantities of futures and swap exposures in the same or related commodities
and will be permitted until two hours after trading terminates in the
underlying futures contract.  EFS transactions will be permitted to
liquidate, initiate, and transfer futures market positions between the two
parties involved in the transaction.  The Exchange will charge $10 per side
for each EFS transaction.  The clearing member representing each party will
be responsible to notify the Exchange of the amount and type of futures
contracts involved, the price at which the futures transaction should be
cleared, and the identity of the parties involved.

Forward Looking and Cautionary Statements
The New York Mercantile Exchange, Inc., has attempted, wherever possible, to
make statements in good faith , as of the date of this release, by using
words such as anticipate, believes, expects, and words and terms of similar
substance in connection with any discussion of its present and future
operations within the industry. Any forward-looking statements made by, or
on behalf of the Exchange, involve a number of risks, trends, uncertainties,
and other factors which may cause actual results to differ materially,
including; the Exchange=s receipt of the necessary Commodity Futures Trading
Commission approval; timely performance and cooperative effort of exchange
partners; and changes in financial or business conditions at the Exchange.


Your memo was well done.  Mark


Mona,

Following up on our earlier conversation, I believe you had someone call
Jot Condie with the California Restaurant Association regarding his San
Diego members.  Unfortunately, with all of the mayhem surrounding the
final weeks of session, Jot misplaced that person's name and number.

Jot called me again today to apologize for losing the information and to
say that his members are still concerned about the energy situation in
San Diego.  Some are so upset with SDG&E that they would like to switch
to a new ESP now.  Jot would like to arrange a meeting with an Enron
representative and some of his San Diego members to discuss options,
including but not limited to, aggregation.  He can be reached at (916)
431-2724.

Thank you again for your help with this.

Scott


I must have deleted the GRI memo I had.  Sorry about that.


Bill,

Thanks for your time today.  Attached are some materials I've written on my
structure and an enhanced schematic.  When combined with what I gave you and
this note you should have a pretty good idea of what I'm trying to accomplish.

First step is for Enron to come up with a prospective valuation for this
plant each year for the next twenty years.  That valuation will set the
maximum amount of debt we will allow the plant to carry in any given year up
to a twenty year final maturity.  At some point,  the plant valuation going
forward will exceed the outstanding debt because the debt amortises to zero
whereas the plant will always have residual value to the end of its remaining
useful life and at a minimum scrap value.

Enron will then enter into two parallel and offsetting price risk management
contracts which will pay a demand charge equal to debt service in exchange
for formula floating payments.  The formula floating payments will be
calculated as the positive difference, if any, between the generator strike
price and a market index price for energy.  The two contracts will contribute
to the credit of the project by their respective positions in the project
flow of funds.  The top contract, (i.e. financial buy), will pay a demand
charge to the project and will be on a parity in the flow of funds with debt
service.  The lower contract (i.e. financial sell) will receive a demand
charge and will be subordinate in the flow of funds to debt service and O&M
costs.   The two contracts are engineered so that project revenue
deficiencies will show up in the projects ability or inability to make the
demand charge to Enron under the financial sell contract.  Therefore, the two
contracts are opposite and identical except for their credit exposure to the
project.  Flow of funds is as follows:

Revenues:
Merchant marketing activities to third parties
Demand payments from Enron under financial-buy
Energy payments from Enron under financial-sell
Other

Flow of funds:
Variable O&M
Debt service and financial-buy energy payments to Enron
Fixed O&M
Demand payment to Enron under financial-sell contract
Repayment of moneys owed Enron
Reserve replenishment
Equity

Payments owed Enron under both contracts will be secured by a subordinate
lien on the same security package as the senior debt.

The two contracts should not create any MTM earnings effects or commodity
desk VAR effects until one of them disappears.  At that point we hopefully
have commodity hedge values that will offset the MTM valuation and VAR effect
of the remaining exposed contract.

The contracts will be written directly to the trustee to avoid bankruptcy
issues involving treatment of executory contracts.  The contracts will also
be written through our Bermuda insurance subsidiary with offsets back to EPMI
in order  to avoid potential insurance issues.

My plan is to charge a fee for entering into these two contracts which will
be paid up-front.  Other features of the two contracts include:

No cross default,
The financial buy contract cannot be terminated for bankruptcy filing or any
other such credit signal trigger,
Either contract can be terminated for non-performance (since financial this
means payment default),
Either contract can be terminated at any time by either party by making a MTM
payment except the financial-buy contract can only be terminated by Enron for
non-performance.

Any questions, please feel free to call me at 3-4750.

regards,

Don


This relates to a junior assistant who has been part of my group. Who should I contact regarding severance?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Bachand, Terri <Terri_Bachand@ENRON.net>
To: Howard, Kevin A. <Kevin_Howard@ENRON.net>
Sent: Mon Nov 26 13:44:52 2001
Subject: ADMINISTRATIVE

Following our discussion this morning, I have checked my sources and there is not much available.  Are they offering severance packages and how should we get this taken care if so?  Please advise.

Terri Bachand

Enron Global Services
(713)853-6528


Start Date: 4/19/01; HourAhead hour: 5;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041905.txt


We have a time & a conference room for the demo.  We will meet at 10:30 on
Monday, December 11th in room EB21C2.

See you then.

mve

Eric Gillaspie
12/06/2000 11:01 AM
To: Michael Eiben/HOU/ECT@ECT
cc: Gerald Nemec/HOU/ECT@ECT
Subject: Re: HPL-Online Final OUA and PA

Michael

Gerald and I are available (at the moment) all day on Monday as well.  Let us
know when and where and we'll be there.   I'd change the wording to Password
application in the letter since that is what it's titled.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886

	Michael Eiben
	12/06/2000 10:46 AM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc: Gerald Nemec/HOU/ECT@ECT, Romeo D'Souza/HOU/ECT@ECT, Howard B
Camp/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Shawn MacPhail/HOU/ECT@ECT
		 Subject: Re: HPL-Online Final OUA and PA

I think a demo is definitely in order.  I am (at the moment) available all
day Monday, December 11th.  Let me know what time and I will get a room.  If
we can make it after 10:30, then Ed Gottlob can possibly join us.  He hasn't
seen the site either. Ed - Let me know if you are interested.

Eric - the online registration form that I refer to is the Password
Application.  I can change the wording to reflect this.

Romeo/Shawn - See the attached doc's below and place these in the site.

We are in the home stretch for phase I !!!!

thanks for all of your help.

mve

Eric Gillaspie
12/06/2000 09:52 AM
To: Michael Eiben/HOU/ECT@ECT
cc: Gerald Nemec/HOU/ECT@ECT
Subject: HPL-Online Final OUA and PA

Michael,

I've attached the password application and Online User Agreement in order for
you to place these finalized versions on the website.

One question/clarification:  You refer to an on-line registration form in
your previous e-mail and in the HIWAY Promotion Letter, I assume you are
referring to the Password Application?

Gerald is checking on the trademark/name availability for Information HIWAY,
and will get back to you shortly.
Also, Gerald and I would like to sit down with you sometime early next week
and have you demo the website for us before it goes live; are you available?

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886

	Michael Eiben
	12/05/2000 02:31 PM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Re: Legal And Privacy Information.htm

looks fine with me.  is the next step placing the finalized versions of the
HPL Online registration & OUA out to the web site?  we also plan to mail a
letter to our customers along with inserting these documents.  the letter is
attached.

mve

Eric Gillaspie
12/05/2000 01:55 PM
To: Michael Eiben/HOU/ECT@ECT
cc: Gerald Nemec/HOU/ECT@ECT
Subject: Re: Legal And Privacy Information.htm

Michael,

Attached for your review and comment is the updated draft incorporating
certain copyright and contractual relationship language.  The new sections
that were added are Section 1(c) and Section 4.  If you have any questions or
comments please give me a call.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886

	Michael Eiben
	12/04/2000 04:11 PM

		 To: Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Legal And Privacy Information.htm

we are trying to finalize this section.  could you guys give us your input?

thanks,    mve
---------------------- Forwarded by Michael Eiben/HOU/ECT on 12/04/2000 04:08
PM ---------------------------

meiben@ect.enron.com on 11/30/2000 04:21:03 PM
Please respond to meiben@ect.enron.com
To: michael.eiben@enron.com
cc:
Subject: Legal And Privacy Information.htm

LEGAL AND PRIVACY INFORMATION

1. All information and material including images, text and audio on this
website is the property of Enron Corp. and/or its subsidiaries (and/or its or
its subsidiaries' licensors) (collectively "Enron") and is subject to
copyright.Trading Innovation, Endless possibilities, Enron.com, Enron, Enron
& design, Enron Corp., Enron Corp. & design, Enron with fanciful E, Enron
with fanciful E (color), are all trademarks owned by Enron Corp. All other
trade marks on this website are the property of their respective owners. You
are entitled to view, copy and print any documents from this website but only
for your own internal business purposes. Any sale, transmission or
redistribution of this website or its content, and any copying, modification
or other use of this website or its content for any purposes other than your
own internal business purposes, are strictly prohibited.
2. This website is provided solely for information purposes and, with the
exception of this "Legal and Privacy" statement, is not intended to, and
shall not, constitute any offer or acceptance with respect to any
transactions or other matters. This website shall not create any legal
relationship between you and Enron, unless you have signed a Password
Application, in which case the Online User Agreement and all terms and
conditions referred to therein shall govern your access and utilization of
this website. Copies of the Online User Agreement may be obtained through the
"Registration" Section on this website. This website is intended only for
commercial enterprises in certain specified jurisdictions.
3. This website and the information and material which it contains are
subject to change at any time by Enron without notice and Enron reserves the
right to suspend, terminate or restrict your access to or use of this
website. All warranties, whether express or implied, as to the accuracy or
completeness of the information contained on this website or in respect of
any materials or products referred to on this website are hereby excluded to
the extent permitted by law.

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Tuesday works for me.


Pierre-Philippe,

Thanks for your message. I shall be glad to make a presentation in early
November. I understand the presentation are on Fridays and November the 3rd
would be the best date for me.

If you prefer November the 10th, we have to wait a few more days with the
decision. We have a management conference every year in San Antonio and it
will be held either in the 2nd or the 3rd week of November. I shall know in a
few days. The same goes for November 9, assuming it was not a mistake (it's
Thursday).

I shall be free for dinner on the day of the conference. Thanks for the
invitation.

 Vince


Ladies and Gentlemen,

We plan to upgrade the two NT servers that run Gas TDS's middle-tier
applications this weekend.  Therefore, TDS will not be available between
12:00 p.m. and 2:00 p.m. on Sunday, December 10th, 2000.  If this downtime is
in conflict with your schedule, please let me know ASAP.

I would also like to point out to you that when TDS is brought back on line,
it will be necessary for all the desks to be reloaded.  Since we introduced
the TDS Flag last month, this should not effect any of the desks.

Thank you for your cooperations,
Kenny H.


FYI  - Europe spends an average of $4-9 per person on
the arts compared with the US at .64 and declining.

>
> On NPR's Morning Edition, Nina Totenberg reported
> that
> if the
>
> > Supreme Court supports Congress to cut the budget
> of
> the National
>
> > Endowment of the Arts, it is in effect the end of
> NEA. This situation
>
> > creates
>
> > great concerns about Congressional funding for
> creative arts in
> America,
>
> > since
>
> > NEA provides major support for NPR (National
> Public
> Radio), PBS
> (Public
>
> > Broadcasting System), and numerous other creative
> and performing
> arts.
>
> If
>
> > NEA is lost or weakened, our lives will be
> similarly
> diminished.
>
> >
>
> > In spite of the efforts of each station to reduce
> spending costs and
>
> > streamline their services, some government
> officials
> believe that
>
> > the funding currently going to these programs is
> too
> large a portion
> of
>
> > funding for something which is seen as not
> worthwhile.
>
> >
>
> > Currently, taxes from the general public for PBS
> equal $1.12 per
> person
>
> > per year, and the National Endowment for the Arts
> equals $.64 a year.
>
> > A January 1995 CNN/USA Today/Gallup poll indicated
> that 76% of
>
> > Americans wish to keep funding for PBS, third only
> to national
> defense
>
> and
>
> > law enforcement as the most valuable programs for
> federal funding.
>
> >
>
> > Each year, the Senate and House Appropriations
> Committees each have
> 13
>
> > subcommittees with jurisdiction over many programs
> and agencies.
>
> > Each subcommittee passes its own appropriation
> bill.
>  The goal each
> year
>
> is
>
> > to have each bill signed by the beginning of the
> fiscal year, which
> is
>
> > October 1.
>
> >
>
> > The only way that our representatives can be aware
> of the base of
> support
>
> > for PBS and funding for these types of programs is
> by our making our
>
> > voices heard.
>
> >
>
> > Please add your name to this list and forward it
> to
> friends who
>
> > believe in favor of what this stands for.
>
> >
>
> > The full list will be forwarded to the President
> of
> the United
> States,
>
> > the Vice President, and the Speaker of the House,
> whose office has in
>
> > the past been the instigator of the action to cut
> funding to these
>
> > worthwhile programs.
>
> >
>
> > This petition is being passed around the Internet.
>
> Please add your
> name
>
> > to it so that funding can be maintained for the
> NEA,
> NPR, and PBS.
>
> >
>
> > THIS IS OUR CHANCE TO MAKE INTERNET TECHNOLOGY
> WORK
> AS A VOICE IN OUR
>
> > DEMOCRATIC SYSTEM.  IT'S EASIER THAN EVER TO MAKE
> OUR VOICES HEARD.
>
> >
>
> > Please keep the petition rolling.  Do not reply to
> me.
>
> >
>
> > Sign your name and locale to the list and forward
> it
> to others to
> sign.
>
> > If you prefer not to sign, please send the list to
> the email address
>
> > given below.  This is being forwarded to numerous
> people at once to
> add
>
> > their names to the petition. It won't matter if
> many
> people receive
>
> > the same list, as the names are being managed.
> This
> is for anyone
> who
>
> > thinks NPR and PBS deserve $1.12/year of their
> taxes.
>
> >
>
> > If you sign, please forward the list to others.
> If
> not, please don't
>
> kill
>
> > it.
>
> >
>
> > **** If you happen to be the 150th, 200th, 250th,
> etc., signer of
> this
>
> > petition, please forward a copy to:
> wein2688@blue.univnorthco.edu
> This
>
> > way we can keep track of the lists and organize
> them.  Forward this
> to
>
> > everyone you know, and help us to keep these
> programs alive.
>
> >
>
> > Thank you !!!
>
> > NOTE: It is preferable that you SELECT the
> entirety
> of this letter
> and
>
> > then COPY it into a NEW outgoing message, rather
> than simply
> forwarding
>
> > it.  In your new outgoing message, add your name
> to
> the bottom of the
>
> > list, then send it on.  Or, if the option is
> available, do a SEND
> AGAIN.
>
> >
>
> > 1.  David Liberman, Sylva, NC
>
> > 2.  Marie Harrison, Sylva, NC
>
> > 3.  Randi Beckmann, Ithaca, NY
>
> > 4.  Bill Wertheim, Mt.  Vernon, NY
>
> > 5.  Marlene Wertheim, Mt.  Vernon, NY
>
> > 6.  George Wertheim, San Francisco, CA.
>
> > 7.  Linda Wertheim, San Francisco, CA
>
> > 8.  Linda R.  Semi, Walnut Creek, CA
>
> > 9.  Margaret C.  Forness, Pleasant Hill, CA
>
> > 10.  Phillip D.  Rubenstein, Syracuse, NY
>
> > 11.  Timothy J.  Connell, Madison, WI
>
> > 12.  Stacia E.  Jesner, Mt.  Kisco, NY
>
> > 13.  Jenna Schnuer, NYC, NY
>
> > 14.  Julia Kohn, NY, NY
>
> > 15.  Maria Sarro, NY, NY
>
> > 16.  Evan Schwartz, Cliffside Park, NJ
>
> > 17.  Pat Waters, Lakewood, CO
>
> > 19.  Karen Tilton, Maquoketa, IA
>
> > 20.  Kent Crawford
>
> > 21.  Terry Dillon
>
> > 22.  Gene Bechen, Coralville, IA
>
> > 23.  Neal Schnoor, Kearney, NE
>
> > 24.  Sam Zitek, Crete, NE
>
> > 25.  Jay Kloecker
>
> > 26.  Marilyn Godby, Papillion, NE
>
> > 27.  Lucina Johnson
>
> > 28.  Alfred Tom Johnson
>
> > 29.  Tyler Corey Johnson
>
> > 30.  A.  Corey Limbach
>
> > 31.  Paula Smith, Berkeley, CA
>
> > 32.  Pat Quinn, Alameda, CA
>
> > 33.  Andrea Quinn, Alameda, CA
>
> > 34.  Jerry Hackett, Berkeley, CA
>
> > 35.  Richard Hackett, NY
>
> > 36.  Jeffrey Green, CA
>
> > 37.  Phil Chernin, CA
>
> > 38.  Sandra S.  Bauer, CA
>
> > 39.  Gregory LeVasseur, San Francisco, CA
>
> > 40.  Keiko LeVasseur, San Francisco, CA
>
> > 41.  Diego Gonzalez, San Francisco, CA
>
> > 42.  David D.  Berkowitz, Washington, DC
>
> > 43.  Peter Glass, Bellevue, WA
>
> > 44.  Mary Frances Rimpini, Kent, WA
>
> > 45.  Mary Frances Stevens, Kirkland, WA
>
> > 46.  Linda Grebmeier, Benicia, CA
>
> > 47.  Lee Altman, Benicia, CA
>
> > 48.  Jeffrey Gray, South Orange, NJ
>
> > 49.  Ed Jones, Orange, NJ
>
> > 50.  Daniel P.  Jones, Glenside, PA
>
> > 51.  Jenifer Goetz, State College, PA
>
> > 52.  Arnold R.  Post, Carrboro, NC
>
> > 53.  Anna E.  Post, Carrboro, NC
>
> > 54.  Robert A.  Post, Cape May, NJ
>
> > 55.  Evelyn M.  Post, Cape May, NJ
>
> > 56.  Jay A.  Sklaroff, Philadelphia, PA
>
> > 57.  Harry M.  Sklaroff, Washington, DC
>
> > 58.  Susan E.  Salmons, Washington, DC
>
> > 59.  Dori Langevin, Silver Spring, MD
>
> > 60.  Ted Langevin, Silver Spring, MD
>
> > 61.  David Mercier, Easton, MD
>
> > 62.  Phoebe Harding, Baltimore, MD
>
> > 63.  Molly Rath, Baltimore, MD
>
> > 64.  Terry O'Hara, Baltimore, MD
>
> > 65.  Nina Wendt, Baltimore, MD
>
> > 66.  Marilyn Clark, Baltimore, MD
>
> > 67.  Cathy McKinney, Boone, NC
>
> > 68.  Harold McKinney, Boone, NC
>
> > 69.  Milena Garcia, Columbia, MD
>
> > 70.  Timothy Morrison, Devore, CA
>
> > 71.  Virginia S.  Kallay Cleveland, OH
>
> > 72.  Nancy Cleaveland, Atlanta, GA
>
> > 73.  Cindy Lutenbacher, Decatur, GA
>
> > 74.  Kaye Norton, Columbus, OH
>
> > 75.  Elaine Haidt, Chapel Hill, NC
>
> > 76.  Harold Haidt, Chapel Hill, NC
>
> > 76.  Frank Church, Chapel Hill, NC
>
> > 77.  Astrid R.  Jarzembowski, Garrison, NY
>
> > 78.  Ted Wischhusen, Mesa, AZ
>
> > 79.  Hugh Wischhusen, Tucson, AZ
>
> > 80.  Theo Wischhusen, North Brunswick, NJ
>
> > 81.  Ian Swanson, Bakersfield, CA
>
> > 82.  Beigher Taylor, Bakersfield, CA
>
> > 83.  Donald McClure, San Diego, CA
>
> > 84.  Kimberly Ver Steeg, New York, NY
>
> > 85.  Lynda Akerman, Long Island City, NY
>
> > 86.Theresa
>
> > 87 Donnell Moseley
>
> > 88. Louise Sanchione, Scottsdale, AZ
>
> > 89.  Ryan Krch, Phoenix, AZ
>
> > 90. Dayna Kowata Robinson, Mesa, AZ
>
> > 91. Nancy Lust
>
> > 92. Holly Thorsen
>
> > 93  (Rtrd St Senator) Donn Charnley, Shoreline, WA
>
> > 94. Mary F. Fox, Shoreline, WA
>
> > 95. Brenda Devereux-Graminski, Shoreline, WA
>
> > 96. Jerry Graminski, Shoreline, WA
>
> > 97. Karen Johnson, Redmond, WA
>
> > 98. Francine Staczek, Seattle, WA
>
> > 99. David Staczek, Seattle, WA
>
> > 100. Maya Lucchitta, Seattle, WA
>
> > 101. Markus Doerry,  Anchorage, AK
>
> > 102.  Janae Wallace, Salt Lake City, UT
>
> > 103. Karen De Rose Salt Lake City, UT.
>
> > 104.  Hilary Garrett  Vancouver, WA
>
> > 105.  Mike Rivera, Taos, NM
>
> > 106. Jaquelin LoydTaos,NM
>
> > 107.  Allegra Huston, Taos NM
> > 108. Trey Speegle, Brooklyn, NY
> > 109. Roswell Hamrick, New York City, NY
> 110. Peter Frank, New York City
> 111. Stephen Magner, Washington DC
> 112. Ilse Lemke, Corte Madera, CA
> 113. Anna Kauffman, San Francisco, CA
> 114. Kelly Irby
115. Amelia Stephan, San Francisco, CA
>116. Nicholas Stephan, Houston, TX

>117.       Susan Scott, Houston, TX


ISS is unavailable for the 5th.  I will know if there is any intra day availability after 1pm today.  If there is any I'll send a notification.

IT is available.  The spread between Niagara and Leidy points is becoming  more pronounced.  I can move up to 100,000dth.  There may be some opportunity on that path this week.

Abigail
716-857-6847
http://nfg.natfuel.com/gsweb1/


Gani,

My name is Hunter Shively.  I work for Enron.  I would like to arrange a
phone interview with you.  Please call me at 713-853-4772 or e-mail
hunter.s.shively@enron.com   Please leave a message that states your phone
number and the best time to contact you.  If you are no longer interested
please let me know.

Thank You,
Hunter


hey- am coming home on dec 13th, arriving around 2pm- and am leaving
tomorrow to come home- get in houston at 2pm as well.  heard you ran into
little ken the other day- am so jealous!  what happened?  tried to call
yesterday, but no answer.....what's been going on?  long time, no
talk.....let me know asap about any potential get togethers or "free"nights
you and everyone might have over the holiday week.  see you soon....
e
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/06/2001
01:53 PM ---------------------------

Matthew Lenhart
02/07/2001 01:10 PM
To: Craig Breslau/HOU/ECT@ECT
cc:

Subject:


Good Morning,

Over the last couple of weeks, we've made several recent additions to the
Portland IT applications team.  We hope that with this new influx of talent
we will continue to "raise the bar" for IT support of Enron's trading
activities in Portland.

Richard Schweiger is our new Senior Applications Specialist. He comes to
Enron through RHI Consulting where he contracted at Enron for the last 2
months and has now converted to full-time.  Richard has several years of
Visual Basic and C++ programming experience. He has been living in the
Portland, Oregon area for the past 4 years and is originally from
California.  His current projects include migration of the California
Pre-Trade application to the intranet as well as building strong middle tier
architecture to support the new CAL-Web development.

Michael Tully is our new lead Trading Floor Support analyst.  He recently
moved from Oklahoma where he was the Lead Help Desk Support for Electronic
Storage Corporation.  Mike's wife is due with their second baby in January.
Outside of work, Mike love's to scuba dive.  Mike is currently working for
Comsys and hopes to eventually convert to full-time.  Mike is replacing
Wendella Rhoads who recently moved back to Eugene to be closer to family.

Dan Maxwell is a new contract developer from Maxim consulting working on the
California Pre-Trading application.  Dan currently lives in Boise, Idaho and
commutes to Portland during the week.  Dan spent the previous year commuting
to Washington DC developing software for GEICO insurance company.  He is
originally from Miami, Florida where the beach is the place to be but
counting is a lost art.

Paul Kane has recently transferred from the IT infrastructure group to the IT
applications group to work on SQL support and development.

On a sadder note, we will be losing Winston Goodbody on December 18th to a
six month cross-country skiing trek across Wyoming.  Winston has been
contracting at Enron for the last year and a half and will be sorely missed.

Thanks,  David Poston


Thanks for calling Larry Reichman.  I am assuming that you will handle his
request and let me know if there is anything more I need to do.

Richard


BROADCAST MESSAGE TO ALL PILOTS:

PLEASE REMEMBER TO CONTACT YOUR PATIENT AS SOON AS YOU RECEIVE THE PAPERWORK, AND AT LEAST 24 HOURS BEFORE THE FLIGHT TO CONFIRM TIME AND PLACE. WE HAVE HAD PATIENTS CALLING IN BECAUSE THEY HAVEN'T HEARD FROM THEIR PILOT YET. ALSO, SOME ARE WORRIED WHEN THEY DON'T HEAR FROM THEIR PILOT AS THE MISSION DATE GETS CLOSE AND THEY ARE FINDING OTHER WAYS TO GET THERE AND ARE CANCELING.

I currently have 13 pending missions. If you can fly please call or email the office as soon as possible.

1 for SAT		1.  New Orleans to Huntsville, AL (leg 1 of 3 leg mission)

1 for THURS		1.  Houston to Jackson, MS  (LEG 2 of 3 leg mission)

PLEASE CHECK THE WEBSITE FOR OTHERS

thank you
Beth
972 458 0700
afsc@angelflightsc.org
http://www.angelflightsc.org/afpage2a.htm


Please,

Take a look at this candidate.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/12/2000
11:00 AM ---------------------------
From: Mark Gandy@ENRON_DEVELOPMENT on 03/24/2000 08:58 AM
To: Vince J Kaminski@ECT
cc:
Subject: Referral

Vince -

I work in the Caribbean Structuring Group and previously worked at Entergy
Power Marketing on the Structuring desk with Gary Zhu.  I am attaching the
resume of a friend from Entergy who holds a PhD in Operations Research.  He
is considering a move from Entergy and from speaking with Li Xiao I thought
that your group might be a good fit for him.  Please call with any questions
(x 67446).


Mark and Steve,

I'm forwarding this "FYI".......Chris's work looks great!  I'll coordinate
the filming they're interested in.  I may suggest they use Beth Steir, as our
people know her and she knows our system--I'll discuss this with Chris.

With further regard to Harvard, I'm working with two other big initiatives
with various faculty there, and trying to coordinate "Harvard with
Harvard"---that is, trying to keep all Harvard's faculty pursuing Enron
projects, in each other's respective "loops"..I've also been trying to keep
Pankaj Ghemawat in these loops out of respect to his position on Enron's
Advisory Committee.

Thanks!

--Christie.
---------------------- Forwarded by Christie Patrick/HOU/ECT on 11/08/2000
09:29 AM ---------------------------

Christopher Bartlett <cbartlett@hbs.edu> on 11/08/2000 08:59:56 AM
To: christie.patrick@enron.com
cc: jeff.skilling@enron.com, mwozny@hbs.edu
Subject: Enron case study

Dear Christie:

First I wanted to thank you belatedly for the excellent organization you
provided in setting up our meetings in Houston a couple of weeks ago.  The
information we got was right on target and Meg and I came back with full
notebooks and bulging heads.  It was a very useful and productive trip from
our point of view, and we very much appreciated your very professional
organization of the process.

Having worked on the drafts over the last couple of weeks, we have come to
the conclusion that the material is just too rich to fit into a single
case.  In dividing our story into two parts, we focused our first case on
the transformational story that unfolded during the 1990s, not only on the
strategic changes occurring within the company but also on the
organizational and managerial redesign that supported and drove those new
directions.  The second case will encapsulate some of that company
background, but will focus in more detail on the way in which the new Enron
environment sparked the Enron Online innovation.  I have used this approach
a couple of times previously, focusing on entrepreneurship at 3M and on
human resource management at Microsoft, and for your information I will
forward copies of those two-part cases as models of what we are working
towards.

The other thing I wanted to update you on was our plans to make these cases
as interactive as possible.  Given Enron's transition into the "new
economy" and particularly the focus of the Enron Online case, we feel it is
very important to develop these cases in a multimedia manner. This means
that we will try to provide links to video material, Websites, streamed
interviews, etc. wherever they can support the development of the story
line.  The videos you sent us following our last visit are a very good
starting point, but we should probably try to schedule videotaped
interviews with Jeff Skilling, Ken Lay, and Louise Packard for sometime in
the near future -- certainly before Christmas.

Thanks again for all your help and support in getting us this far.  Our
hope is that we can get some drafts to you over the next couple of weeks
for your review and input.  Meanwhile, Meg will be contacting you to see if
we can set up a day for the videotaped interviews.  We are greatly looking
forward to completing our work on this very exciting project.

Yours sincerely,
Chris Bartlett
 - 395017.doc
 - 300004.doc
 - 301002.doc
Christopher A. Bartlett
Harvard Business School
Morgan 465
Soldiers Field
Boston, MA 02163
U.S.A.
phone:  617-495-6308; fax: 617-496-5271
e-mail: cbartlett@hbs.edu


This is the retail book, not the wholesale book.   You can get confirmation on this issue from Bill Bradford or Elizabeth Sager.

-----Original Message-----
From: Llodra, John
Sent: Tuesday, December 04, 2001 9:14 AM
To: Kitchen, Louise; Lavorato, John; Presto, Kevin M.; Duran, W. David
Cc: Davis, Mark Dana; Nettelton, Marcus
Subject: Constellation interest in Enron book

In speaking with Constellation this morning (trying to assign some of our New England deals to them), they said they had heard that Enron was establishing a data room in Houston for the purpose of selling off its book of business (in fact they indicated they were sending a team down today).  To that end, they are highly interested in speaking with someone about the book from a macro level.  Please let me know who I should have them call.  Otherwise, the contact there is Sarah Wright at 410-468-3483.   I'm at 978-449-9936 if you'd like to discuss

Regards
John


Due to Labor Day the next Prometheus File will be on September 7th.
In this issue:
 - Feature: The Future of Asset Free Returns
 - The California Public Utilities Commission delays votes on rate increases.
- All the news, commentary, and earnings reports, plus price performance and valuation charts.
 <<prometheus010824.pdf>>
Best regards,
Cary, Steve, Peter and the Team

 - prometheus010824.pdf


Please put my name on the list to attend this forum on Wednesday, January
26.  Thanks.


Attached for your review is a memo from Michelle and Kriste regarding the
above referenced.

memo

Assignment Letter


The weekly conference call scheduled for today at 2:00 p.m. Central time has
been cancelled.

Thank you.

Janette Elbertson
EWS Legal
Telephone:  (713) 853-7906
Fax:  (713) 646-2600


---------------------- Forwarded by Stanley Horton/Corp/Enron on 05/04/2001
07:47 AM ---------------------------

"Ted or Clara Allen" <tcallen@netpass.com> on 05/04/2001 05:49:00 AM
To: "Tony & Tammi Worsnop" <tworsnop@earthlink.net>, "Theo Gornell"
<RESORT2@webtv.net>, "Stan Horton" <Shorton@enron.com>, "Sherry Hamilton"
<sherryh@1swtitle.com>, "Scott & Sandra Dillon" <sdillon@magicnet.net>, "Ron
Devasto" <hypnode@earthlink.net>, "NICK GORNELL" <nikbet@email.msn.com>,
"Mike Ryan" <mryan@lowndes-law.com>, "Maria Palmer" <MEPalmer1@aol.com>,
"Harry and Lois" <Harlois2@aol.com>, "Gary D Small" <gary@dimensione.com>,
"Debbie Panholzer" <deblps@aol.com>, "Debbie Coover" <DEBCOOVER@prodigy.net>,
"Cliff Collins" <remaxman@mail.mco.bellsouth.net>, "Chris Robison"
<christine.robison@southtrust.com>, "Betty Binford" <BDBinford@aol.com>, "Ann
& Tom" <penderann@hotmail.com>
cc:

Subject: Fw: Thought you would enjoy this.  Love Clara

----- Original Message -----
From: "maggie welsh" <maggiewelsh@unidial.com>
To: <Undisclosed-Recipient:@unidial.com;>
Sent: Thursday, May 03, 2001 8:25 PM

>
>  > A time comes in your life when you finally get it...
> > When in the midst of all your fears and insanity
> > you stop dead in your tracks and somewhere the voice
> > inside your head cries out - ENOUGH! Enough fighting
> > and crying or struggling to hold on. And, like a
> > child quieting down after a blind tantrum, your sobs
> > begin to subside, you shudder once or twice, you blink
> > back your tears and through a mantle of wet lashes you
> > begin to look at the world through new eyes. This is
> > your awakening. You realize that it's time to stop
> > hoping and waiting for something to change, or for
> > happiness, safety and security to come galloping over
> > the next horizon. You come to terms with the fact that
> > he is not Prince Charming and you are not Cinderella
> > and that in the real world there aren't always
> > fairy tale endings (or beginnings for that matter) and
> > that any guarantee of "happily ever after" must begin
> > with you, and in the process... a sense of
> > serenity is born of acceptance. You awaken to the fact
> > that you are not perfect, and that not everyone will
> > always love, appreciate or approve of who or what you
> > are... and that's OK.(They are entitled to their own
> > views and opinions.)
> > And you learn the importance of loving and championing
> > yourself, and in the process... a sense of newly found
> > confidence is born of self-approval. You stop bitching
> > and blaming other people for the things
> > they did to you (or didn't do for you) and you learn
> > that the only thing you can really count on is
> > the unexpected. You learn that people don't always
> > say what they mean or mean what they say, and that not
> > everyone will always be there for you, and that it's
> > not always about you. So, you learn to stand on your
> > own and to take care of yourself and in the process...
> > a sense of safety & security is born of self-reliance.
> > You stop judging and pointing fingers, and you begin
> > to accept people as they are, and to overlook their
> > shortcomings and human frailties and, in the
> > process... a sense of peace & contentment is born of
> > forgiveness.
> >
> > You realize that much of the way you view yourself,
> > and the world around you, is a result of all the
> > messages and opinions that have been ingrained into
> > your psyche. And you begin to sift through all the
> > crap you've been fed about how you should behave, how
> > you should look, how much you shouldn't weigh, what
> > you should wear, where you should shop, what you
> > should drive, how and where you should live, what
> > you should do for a living, who you should sleep with,
> > who you should marry, what you should expect of
> > a marriage, the importance of having and raising
> > children, or what you owe your parents. You learn to
> > open up to new worlds and different points of view. And
> > you begin reassessing and redefining who you are and
> > what you really stand for.
> > You learn the difference between wanting and needing,
> > and you begin to discard the doctrines and values
> > you've outgrown, or should never have bought into to
> > begin with, and in the process... you learn to respect
> > your instincts.
> > You learn that it is truly in giving that we receive.
> > And that there is power and glory in creating
> > and contributing, and you stop maneuvering
> > through life merely as a "consumer" looking for your
> > next fix. You learn that principles such as honesty
> > and integrity are not the outdated ideals of
> > a bygone era, but the mortar that holds together the
> > foundation upon which you must build a life. You learn
> > that you don't know everything, it's not
> > your job to save the world, and that you can't teach a
> > pig to sing. You learn to distinguish between guilt
> > and responsibility, and the importance of setting
> > boundaries and learning to say NO.
> > You learn that the only cross to bear is the one
> > you choose to carry, and that martyrs get
> > burned at the stake.
> > Then you learn about love; romantic love and familial
> > love.
> > You learn that you will not be more beautiful,
> > more intelligent, more lovable, or important because
> > of the man or woman on your arm or the child that
> > bears your name. You learn to look at relationships as
> > they really are and not as you would have them be. You
> > stop trying to control people, situations,
> > and outcomes. You learn that just as people grow and
> > change, so it is with love.... and you learn that love is a verb, it is
> > action.
> >
> > And you look in the mirror and come to terms with the
> > fact that you will never be a size 5 or a perfect 10
> > and you stop trying to compete with the image inside
> > your head and agonizing over how you "stack up."
> > You come to the realization that you deserve to be
> > treated with love, kindness, sensitivity, and
> > respect, and you will not settle for less. And you
> > allow only the hands of a lover who cherishes you, to
> > glorify you with his or her touch... and in the
> > process you internalize the meaning of self-respect.
> > And you learn that your body really is your temple.
> >
> > You begin eating a balanced diet, drinking more
> > water, and taking more time to exercise. You learn
> > that fatigue diminishes the spirit and can create
> > doubt and fear, so you take more time to rest. And,
> > just as food fuels the body, laughter fuels the soul,
> > so you take more time to laugh and to play. You learn
> > that, for the most part, in life you get what you
> > believe you deserve... and that much of life
> > truly is a self-fulfilling prophecy. You learn that
> > anything worth achieving is worth working for, and
> > that wishing for something to happen is different
> > from working toward making it happen. More
> > importantly, you learn that in order to achieve
> > success, you need direction, discipline, and
> > perseverance. You also learn that no one can do
> > it all alone and that it's OK to risk asking for
> > help. You learn that the only thing you must truly fear
> > is the great robber baron of all time. FEAR
> > itself. You learn to step right into and through your
> > fears, because you know that whatever happens you can
> > handle it, and to give in to fear is to
> > give away the right to live life on your terms.
> > And you learn to fight for your life and not to
> > squander it living under a cloud of impending doom.
> > You learn that life isn't always fair, you don't
> > always get what you think you deserve, and that
> > sometimes bad things happen to unsuspecting, good
> > people. On these occasions you learn not to
> > personalize things. You learn that God isn't punishing
> > you or failing to answer your prayers. It's just life
> > happening. And you learn to deal with evil in its most
> > primal state - the ego.
> > You learn that feelings such as anger, envy, and
> > resentment must be understood and redirected, or they
> > will suffocate the life out of you and poison the
> > universe that surrounds you. You learn to admit when
> > you are wrong and to build bridges instead of
> > walls. You learn to be thankful and to take comfort in
> > many of the simple things we take for granted, things
> > that millions of people upon the earth can only dream
> > about; a full refrigerator, clean running water, a
> > soft warm bed, a long hot shower.
> > Slowly, you begin to take responsibility for
> > yourself... by yourself, and you try to make yourself
> > a promise --to never betray yourself . And
> > you hang a wind chime outside your window so you can
> > listen to the wind. And you make it a point
> > to keep smiling, to keep trusting, and to stay open to
> > every wonderful possibility. Finally, with courage in
> > your heart and with God by your side,
> > you take a stand, you take a deep breath, and you
> > begin to design the life you want to live as best as
> > you can.
>
>
>  > Fly, fly do not fear
> > Don't waste a breath, don't shed a tear
> > Your heart is pure, your soul is free
> > Be on your way, don't wait for me
> > Above the universe you'll climb
> > On beyond the hands of time
> > The moon will rise, the sun will set
> > But I won't forget
>
>


Hi Kent,

I was wondering if we could schedule a conference call to discuss the form of
these agreements.  Are you available any time soon?

Thanks,

Kay


Please make certain that all physical positions are loaded correctly in NCD
for term.  Have Patti Sullivan load all transport from the transport model in
sitara so that the physical index positions will be recognized in NCD.   This
would include SJ/Perm to Socal through OCT, Baja through MAR 20001 (100,000/d
short PG&E Topock, 20,000/d long KRS, and 80,0000/d long Citygate), Kingsgate
to Malin(Barry), Steve South's latest transport deal from Kingsgate/Stanfield
to Malin, and any SJ to Waha transport.

Anne, did you get a ticket from Steve on the transport mentioned above?
King/Stan to Malin.

Also, let me know what the status of the transport deal from Kingsagte to
Malin with Barry.

Is the gd index for Perm position loading correctly in NCD for Apr-Oct?

Mo, please carry out the physical positions in NCD through Mar 2001.

Thanks!

Mike


John -

FYI.  From what I vave seen thus far I think it will be difficult getting anything accurate or timely out of Evan Hughes' group.  This is the group that is responsible for billing and settlements - the weakest link in our reconciliation problems.  Unlike ENA Power, Retail has Deal Capture and Risk Analysis under Sally Beck and the Settlements process under EES (Evan Hughes).  All three of these functions need to work together and feed into Wade Stubblefield (Wes Colwell) in order to get an accurate and timely reconciliation.  Dave has wanted to keep Billing and Settlements because of the "Customer Touch" they want to maintain.  I think this approach is delaying our getting control of and resolving the issues that are keeping us from monthly reconciliations and cash to actual liquidations.  I think EES needs to be given an ultimatum to 1) either provide us with a Settlements function that allows us to flash and reconcile or 2) get out of the way.  We can provide them with the bill and they can lick it.

Rogers

---------------------- Forwarded by Rogers Herndon/HOU/ECT on 05/22/2001 08:01 AM ---------------------------

Wade Stubblefield@EES
05/22/2001 07:57 AM
To:	Rogers Herndon/HOU/ECT@ECT
cc:
Subject:	RE: P&L Impact of Volumetric True-Up

Rogers,

I'll wait for Mike's response, but these should all be forward volume adjustments as a result of truing up the volumes based on actual data received.  The past activity difference is captured in our potential flash to actual adjustment that we have pegged at a rough $75MM right now.  One of the difficulties we have in reconciling flash to actual is the difference in actual volumes versus volumes liquidated from the books/batch models.  With respect to how much more exists, this is one of the key items, I think, that the Project Phoenix team will want to get from Evan Hughes' group to get the forecasted volumes right.  My suspicion is that we need volumetric true-ups on many of our deals.

Again, let's verify the above with what Mike's response is.

Wade

Rogers Herndon@ECT
05/22/2001 07:43 AM
To:	Michael Kim/HOU/EES@EES
cc:	Wade Stubblefield/HOU/EES@EES, John J Lavorato/Enron@EnronXGate, Kevin M Presto/HOU/ECT@ECT
Subject:	RE: P&L Impact of Volumetric True-Up

Michael -

Are these changes in the forward volumes (unrealized losses).  Can you explain the reason for these adjustments?  How much more exists that we need to address?

Thanks,
Rogers

From:	John J Lavorato/ENRON@enronXgate on 05/22/2001 07:28 AM
To:	Rogers Herndon/HOU/ECT@ect
cc:
Subject:	RE: P&L Impact of Volumetric True-Up

20 Million !!!!!!  Is this back money or forward money.  Why did the volumes change so much.

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Monday, May 21, 2001 6:53 PM
To:	Lavorato, John; Presto, Kevin
Subject:	P&L Impact of Volumetric True-Up

FYI

---------------------- Forwarded by Rogers Herndon/HOU/ECT on 05/21/2001 06:52 PM ---------------------------

Wade Stubblefield@EES
05/21/2001 05:35 PM
To:	Rogers Herndon/HOU/ECT@ect
cc:
Subject:	P&L Impact of Volumetric True-Up

FYI
---------------------- Forwarded by Wade Stubblefield/HOU/EES on 05/21/2001 05:35 PM ---------------------------

 	Enron Energy Services  From:  Michael Kim                           05/21/2001 03:20 PM Phone No: 713-853-1902

To:	Neil Hong/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Wade Stubblefield/HOU/EES@EES, Don Black/HOU/EES@EES
cc:
Subject:	P&L Impact of Volumetric True-Up

We have re-priced Suiza, Packaged Ice, and Arch of Chicago with updated volume information from our billing system.  The impact is as follows:

The impact will be recognized on the DPR and G/L, pending Accounting Department's "green light."

Thank you.

Best regards,

MSK

<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Metafile)>


Sorry about that.  I'll get back to you with some other dates.

 -----Original Message-----
From: 	Richter, Brad
Sent:	Thursday, October 25, 2001 1:03 PM
To:	Dasovich, Jeff
Subject:	RE: Meeting with Perfect

The 15th is Enron's Management Conference and the 22nd is Thanksgiving.  Any other dates?

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Monday, October 22, 2001 6:29 PM
To:	Richter, Brad
Subject:	Meeting with Perfect

Hi Brad:
I finally got in touch with the people from Perfect.  They'll be in Houston on the 15th and the 22nd of November.  Either of those days work for you?  If so, any time preference?

Best,
Jeff


PRIVILEGED AND CONFIDENTIAL
ATTORNEY CLIENT COMMUNICATION
ATTORNEY WORK PRODUCT
Tim,
 Bill asked that I include you in reviewing this draft letter to the
ISO explaining why we cannot produce data today.  Please call me with
comments.
 <<hildebrandt3.2.doc>>
Thanks
Gary

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
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 - hildebrandt3.2.doc


Vince:

If it is all right I would like to take a couple hours vacation in the
morning.  My
grandson starts "middle school" (6th grade) and he wants me to take him.

I should be in by 10:00 am.

Thanks!

Shirley


FYI.
----- Forwarded by Tana Jones/HOU/ECT on 07/24/2000 10:20 AM -----

	Tana Jones
	07/24/2000 10:20 AM

		 To: Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT
		 cc:
		 Subject: Change Counterparty Names-7/14/00 List

No divisions should be opened up without the legal name as part of the title
of the account, or the confirms will not go out right.  You have two on the
7/14/00 list, TXU Gas Distribution, a division of TXU Gas Company, and
Western Area Power Administration-Upper Great plain, a division of the United
States Department of Energy.  Can you please change the name on the
accounts.  I thought we came to agreement that this is what we would do for
divisions, and Legal would be contacted if they wouldn't add the legal name
on to the account.   The people who approve Password Applications should be
sorting this out.

Can you please let me know how these two get resolved.  Thanks.


Greetings, Tom.  I have a great picture of you, Jeff and Jeffrey at the Inauguration that Jeff asked me to send to you.  Unfortunately, I don't have a mailing address for you.  If you would please e-mail me your address, I'll get the picture right out to you.  Thanks, and hope all is well!  SRS


Assistant:
Nancy Savastono (sp?)
212-258-6904 (W)
212-258-6099 (F)


John, can I get your help on this.  I am in meetings all morning tomorrow.
Can you talk to Harry Kingerski,and /or Mike Day, etc. to get your comments
to the right folks.
Mike and JIm, please figure out a  way to provide  comments as well
---------------------- Forwarded by Vicki Sharp/HOU/EES on 02/01/2001 06:44
PM ---------------------------
From: Jeff Dasovich@ENRON on 02/01/2001 06:39 PM
Sent by: Jeff Dasovich@ENRON
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran
Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James
Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western
Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES
cc:
Subject: Status of efforts to fix Direct Access ban in ABX -1

----- Forwarded by Jeff Dasovich/NA/Enron on 02/01/2001 06:38 PM -----

	Scott Govenar <sgovenar@govadv.com>
	02/01/2001 02:40 PM

		 To: Jim Steffes <james.d.steffes@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jeff Dasovich <jdasovic@enron.com>, Mike Day
<MDay@GMSSR.com>, Paul Kaufman <paul.kaufman@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Susan J Mara <smara@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>
		 cc:
		 Subject: Status of efforts to fix Direct Access ban in ABX -1

    We are now engaged with a large coalition of customer groups
committed to passing language in a Bowen bill (a spot bill SBX - 27 has
been introduced for this purpose by Bowen) to fix the language in ABX -1
which permits a ban on new direct access agreements.  We have committed
to Bowen to get her staff a first attempt at draft language by close of
business tomorrow.  The attachment to this email is a draft which has
been discussed by the customers group coalition.  We would like to have
input on this language by 11 am PST tomorrow if at all possible.  Please
email responses to Mike Day at mday@gmssr.com or calling 415-279-0702.

The aim of the bill is to provide specific direction to the DWR and CPUC
so that they cannot use their discretion to make customer choice more
difficult.  In addition to the language in the draft attachment, several
other issues were discussed on the call.  Please comment on these as
well if you can.

1. In sub para. (c) it was felt we should carefully define the stranded
costs DWR might face so they have to show actual damage from a customer
leaving.  CMA proposed defining these "actual costs" as "the costs that
DWR cannot reasonably avoid until one or more of its long term power
contracts expire."   Thus, if the load electing direct access fits
within the DWR short term purchases, there are no stranded costs and no
exit fee.

2. Should there a limitation on the number of times a customer can
switch into and out of the bundled service portfolio?  CMA and other
customers were willing to live with a limit of one switch a year.

3.  Should customers be required to give DWR notice of their desire to
return or the expiration of their direct access deal?  There was some
willingness to do this, balanced against a desire to not be too specific
or to do DWR's work for them.

4.  The large customers were very uncomfortable with having the
definition between small customers who could switch without restriction
and large customers who could not be 500 Kw.  That is the number the
core/noncore advocates are pushing as a dividing line.  The group would
prefer that the limit be 100 Kw, which is the limitation adopted in AB
265, the  SDG&E rate cap bill from the end of last session.  Thus the
100 kW figure has a legislative connection, but still allows a fair
number of commercial customers to have unlimited flexibility to switch.

This is detailed and prescriptive language, but the customer group
parties were strongly convinced that any effort to craft regulations at
the CPUC would be much worse, leading to the desire to limit the CPUC's
discretion with specific language.  At this stage, after hearing that
CPUC Comm. Wood hoped to use ABX -1 to end direct access ( a comment
made to NEV or Greenmountain), we tend to agree.  We will get a better
negotiated result at the legislature than at the CPUC.

Thanks in advance for your fast turnaround on this.  Mike Day

 - subscription.protocols.doc


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1. Fried Sells 4 Stocks, Gains +46.8% in 3 Months (KM)
2. Rowe: January Index Confirms Bull Market for 2002 (ALOY)
3. Small-Cap Advisor Earns +31.6% in 2001 (LBIX)
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1. Fried Sells 4 Stocks, Locks in +46.8% in 3 Months (KM)

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2. Rowe: January Index Confirms Bull Market for 2002 (ALOY)

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see a bull market. The first five trading days of 2002
provided gains for the Nasdaq (+5.4%), S&P 500 (+1.1%) and
Dow Industrials (+1.3%). Rowe says this five-day index has
correctly predicted the market's direction for the year
since 1951 with only four exceptions. Those include three
war years (1966, 1973, 1990) and 1994, when the Fed Funds
rate doubled from 3% to 6% for the year.

Rowe maintains "be sure to own" recommendations on seven
companies he says are leading the market. One of these is
Alloy Incorporated (ALOY); the media company and direct
marketer provides content, community and commerce to
"Generation Y," roughly 58 million people between 10 and 24
years of age. Rowe likes this market as it accounts for $250
billion in disposable income and should grow 20% faster than
the overall population. Q3 saw earnings up +119% on a 58%
increase in sales.

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prime mortgage loans secured by first mortgages on single-
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3. Small-Cap Advisor Earns +31.6% in 2001 (LBIX)

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He lists many reasons why his selections should see growth
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products from raw materials and provides packaging,
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income of $1.2 million ($0.09 per share), up from last
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OK, Kathy and Troy have pointed out how bad my previous email was.  I'm sure I was thinking about lunch.

Sabra Dinari scheduled the gas on Lone Start.  She quit on Friday.  I will be doing the scheduling until further notice.  Kathy Kelly will be my backup when I'm out.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, April 22, 2002 11:13 AM
To:	Kelly, Katherine L.; Mazowita, Mike; Greif, Donna; Denetsosie, Troy
Cc:	Hill, Garrick; Vos, Theresa; McMichael Jr., Ed
Subject:	RE: Sales to TXU for April 2002

Sold 10,000 dth of Conger to TXU  for 4/23 at $3.37

Our scheduler, Sabra Dinari, quit on Friday so I will be handling the noms for awhile and Kathy Kelly will.  I think its easier for me to do the noms on this since I'm selling point specific gas and we are not putting this activity in Sitar/Unify.

Theresa, looks like I will be the one addressing the accounting questions.

 -----Original Message-----
From: 	Kelly, Katherine L.
Sent:	Friday, April 19, 2002 8:28 AM
To:	Germany, Chris; Mazowita, Mike; Dinari, Sabra L.; Denetsosie, Troy
Subject:	Sales to TXU for April 2002

I've sold TXU 10,000 dth at $3.14 for Sat.4/20 through Mon. 4/22

Sabra, I sold them 10,000 of Conger gas

 -----Original Message-----
From: 	Germany, Chris
Sent:	Thursday, April 18, 2002 8:24 AM
To:	Germany, Chris; Mazowita, Mike; Kelly, Katherine L.; Dinari, Sabra L.; Denetsosie, Troy
Cc:	Hill, Garrick
Subject:	RE: Lone Star Sales to TXU for April 2002

Sold TXU 15,000 dth at $3.315 for Fri 4/19/02.

Sabra, I sold them 10,000 of Conger gas and 5,000 of the Sprayberry.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Wednesday, April 17, 2002 8:20 AM
To:	Germany, Chris; Mazowita, Mike; Kelly, Katherine L.; Dinari, Sabra L.
Cc:	Hill, Garrick
Subject:	Lone Star Sales to TXU for April 2002

Sold TXU 10,000 dth at $3.17 for Thur 4/18/02.  I checked on the price with Darren Farmer at AEP and he said that's where Waha was trading so I don't feel like we are being taken advantage of too much.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, April 16, 2002 10:12 AM
To:	Mazowita, Mike; Kelly, Katherine L.; Dinari, Sabra L.
Cc:	Germany, Chris; Hill, Garrick
Subject:	Lone Star sales for Wed 4/17/02

Sold TXU 10,000 dth at $3.27 for Wednesday 4/17/02.


Can you please get a contact name and phone number for this counterparty from
Mike Swerzbin as soon as possible? -I need to get a verbal confirm on this
deal so that we can send out the confirmation letter and the number we have
in the system has been disconnected.  Also, we're checking on that other deal
that I asked you about yesterday (I thought we confirmed it under the
original deal # so I wasn't sure if we needed to confirm it again)
Thanks!
Kim


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2000
01:10 PM ---------------------------

"Martin Jermakyan" <martin@electrapartners.com> on 04/24/2000 09:59:38 AM
Please respond to "Martin Jermakyan" <martin@electrapartners.com>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: My resume

Dear Vince,

Attached please find an updated resume of mine.

I have been continuing my research in the area of pricing, risk management
and asset management of power industry.  It seems to me that the framework I
have been working on does allow addressing some fundamental issues and
allows describing the salient features of power markets.  I feel a brief
info may inform you what have I been up to.

Conceptually speaking, my approach relies on the understudying that the
absence of cash and carry implies non-hedgibility of the most fundamental
building blocks of power market - forward contracts of hourly duration.
This clearly demands a risk premium embedded in power prices.  I have been
able to develop a machinery to capture this risk premium, and calculate its
impact on pricing of other products.  In particular, the method allows
consistent generation of hourly forward curve (per each geographic region),
hence generation of forward curves of longer duration.  It provides us not
only with forward curves, but also their physical (not risk-neutral)
distribution.  It also allows one to analyze the sensitivity of the forward
curve with respect to the volumetric risk.  As a fundamental  input ,  I
consider the ratio of properly compounded generation output (load) and the
corresponding maximum available generation supply.  The first one is well
observable and forecastable due to its stationarity.  The second one  is
defined by the first one and the generation and transmission profile of the
region.  Much of the required information is in the public domain.

The market price of risk incorporated in the model depends on this ratio and
the calendar time.  This time dependence of the market price of risk allows
capturing of the dynamics of the returns per unit risk over time, and its
dependence on the ratio mentioned above reflects the intuition and the
reality that closer the demand to the maximum available supply higher
compensation do the investors expect.

I have also realized that the transmission related factors may be
incorporated into this framework in a very consistent and robust manner.

This approach also allows quantification of the margins as a stochastic
process dependent on the volumetric factors, among other things.  It allows
posing and solving the problem of maximization of the margins while keeping
their variance under control in a very elegant and robust way.

I have developed the first version of mathematical tools and prototype
software reflecting all these issues.  My inability to complete this program
has been resulted from the severe instability, lack of access and the cash
flow problems I have experienced in the last few years.  I have also
understood that programs of this magnitude cannot be finished from the
"grandpa's garage."

Nevertheless, I think I have developed a very systematic and robust
understanding and methodology, and at least, I have convinced myself that
this approach leads to a comprehensive system.

With all this said, I don't want to make an impression of a stiff person,
who has his agenda and under any circumstances is willing to push it
forward.  I have always been very flexible, and in my consulting experience,
I have always accommodated the needs and wishes on my clients.  In my short
period of employment with Altra I have been very ethical, I have played by
the rules, I have done whatever I have been asked to do, and have been a
team player.  The reasons they have asked me to resign have nothing to do
with me personally.  They have been respectful to me, they have valued me as
capable person, but have found that given the direction of the company
(which has become self-evident with the consequent developments), "further
Altra goes, further I will be frustrated with where they go."  It was almost
formulated that it is better for me to separate from Altra as soon as I can.
As an evidence of appreciation, they have continued paying me as of today,
something that they have not done for some others, but it is coming to its
end, too.  I am bringing this up just to reiterate that my separation from
Altra has had nothing to do with me or my entrepreneurial working style vs.
corporate style, etc.  I have no doubts that I can function equally well in
either environment.

I wish that your presentation goes well with your new superior, and that my
joining Enron becomes a possibility.

Regards,
Martin

 - martin.doc