Welcome to The world this week: Business
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America's energy policy was wrong before September 11th. Now it is even
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and poverty in Britain * European merger rules * Kenya's dynastic
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DOWNWARD MARCH

America's Federal Reserve responded to continuing signs of economic
weakness with its eleventh INTEREST-RATE CUT of the year. A reduction
of a quarter-point brings rates down to 1.75%, the lowest for 40 years.

- - - - - See article: Don't bet on a swift recovery
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The value of GLOBAL MERGER AND ACQUISITION ACTIVITY in 2001 was $1.6
trillion, half what it was worth the previous year, according to data
from Dealogic. In 2000, the inflated value of high-tech shares fuelled
many a deal that now looks unwise.

CSFB is to hand over some of the cash it had made from the dotcom boom.
The investment bank has reportedly agreed to pay $100m to settle an
investigation by America's regulators into claims that it had rigged
initial public offerings of high-tech shares by allocating big tranches
to favoured customers in return for a slice of the profits in the form
of inflated commissions.

ZURICH FINANCIAL SERVICES reshuffled its top management yet again.
Dinos Iordanou, who had been promoted to head of group operations last
year and was tipped to take over the top job, left to run an insurance
start-up. Perhaps as a result, Converium, a reinsurance business Zurich
has spun off, made a quiet stockmarket debut.

The weak economy claimed more victims at AMERICAN EXPRESS. It announced
that up to 6,500 more jobs would go, on top of the 7,700 announced in
the past 12 months, a total of 15% of its workforce.

COMPAQ'S merger with HEWLETT-PACKARD seemed doomed after the Packard
foundation rejected the deal. Hewlett family members had already
dismissed the merger; together they own 18% of the company. Compaq
shares sank, but both it and HP optimistically insisted that the deal
would succeed with the aid of institutional shareholders.

- - - - - See article: Carly Fiorina of Hewlett-Packard
http://TheEconomist.s.maildart.net/link_36737_6723637_1_79944192_60299072_1_68

TELECOM TROUBLES

The global telecoms slump hit Eastern Europe. TELEKOMUNIKACJA POLSKA
announced that it would get rid of 12,000 employees next year, some 20%
of its workforce. France Telecom, which acquired 35% of the former
state monopoly from the Polish government last year, had said that job
cuts would come but had agreed with powerful unions that it would wait
four years.

Struggling BRITISH TELECOM appointed Ben Verwaayen, a Dutchman from
struggling Lucent Technologies, as its new chief executive, to replace
Sir Peter Bonfield, who recently said he would depart from BT a year
ahead of schedule.

NOKIA provided some relief from the gloom surrounding high-tech
companies. The Finnish mobile-phone behemoth announced that
fourth-quarter profits were likely to be better than previously
forecast after handsets sold in greater quantities than expected. But
fourth-quarter profits will not match last year's; and its
infrastructure business still languishes.

CONSIGNIA, once known as Britain's Post Office, may have to lay off
some 30,000 workers over the next year and a half, twice previous
estimates for redundancies needed to save costs as postal growth slips.
Unions reacted to the state-owned company's announcement with outrage
and threatened to strike.

YAHOO!, the world's biggest Internet portal, made an unsolicited offer
of $436m for HOTJOBS, a careers website that was planning to merge with
its rival, TMP Worldwide.

DRUG CULTURE

Corporate Japan suffered its biggest foreign intrusion with the
purchase by ROCHE of a controlling interest in CHUGAI, a large drug
company, for up to YEN198 billion ($1.59 billion). The Swiss drug firm
assuaged Japanese sensitivities by dressing the deal up as an alliance
with Roche as an invited partner.

PFIZER threatened to stop supplying France with new medicines in
protest at the country's drug-pricing policies. It hopes competitors
will join the struggle to squeeze extra cash from France's government;
it would go to research and developing better cures, says Pfizer.

MERCK shocked investors and sent its shares reeling with the news that
profits would not grow in 2002. The American drug firm blamed the
expiry of patents and slowing sales.

FIXING THE CAR MAKER

FIAT unveiled plans for a restructuring that would see the loss of
6,000 jobs, the sale of non-core assets and the possible demise of up
to 18 of its factories. The head of its car-making division, Roberto
Testore, resigned.

- - - - - See article: Fiat's problems
http://TheEconomist.s.maildart.net/link_36736_6723637_1_79944192_60299072_1_67

Five GERMAN BANKS felt the wrath of the European Commission. In its
latest round of cartel-busting, the commission levied fines of EURO101m
($90.4m) for fixing commissions on the exchange of the 12 euro-area
currencies since 1997. Three banks said they would appeal.

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---------------------- Forwarded by Chris Germany/HOU/ECT on 12/29/99 11:25
AM ---------------------------

pvillag@columbiaenergygroup.com on 12/29/99 10:57:12 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Tenn supply in Zone 4

On the Tennessee side this deal was handled as a Back to Back and was
therefore
not 'scheduled' so I really never dealt with the particulars of this deal.  I
will try and dig up whatever info I can find on this issue.

Phil


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/15/2000
09:17 AM ---------------------------

	From:  Mike McConnell                           12/14/2000 06:56 PM

To: Jeffrey A Shankman/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT
cc: Larry Lawyer/Enron Communications@Enron Communications
Subject: org announcement

All,

Here is the latest draft.  Please make any changes you want and return.
Paper mark up is best.  Also please leave as a separate word document if you
do it via email  for ease of changing and converting to email late afternoon.

Cathy, please review for your normal grammar and corrections.  I realize that
this is a draft but it will help to have your changes early even though we
will be making additional changes in the afternoon.

Larry, I would like your feedback and commentary as well.

Thanks,
mike


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/14/2001
08:54 AM ---------------------------

"Julie" <julie@lacimagroup.com> on 03/14/2001 03:48:24 AM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc: <Shirley.Crenshaw@enron.com>
Subject: course invoice

Vince,
?
Hi, hope you are well.
?
I'm just dropping a note regarding invoice 215 which was for 5 people
attending the energy and weather course.? Our records show that it hasn't
been paid, which is good.? We will re-do the invoice and charge you only  for
Alex and Tom's attendance since Paulo didn't show.? Is this OK with  you?? By
the way, we only charged $250 a person for the weather course  since it was
suppose to be an exchange of information session, and Enron Weather  paid for
the venue.
?
Nice to have finally met you in Houston!
?
Julie
?


IMS1012.COL
Attention:  John Jay

IRWIN M. STELZER
The Sunday Times
10 December 2000
    Buried deep in an issue of last week's Wall Street Journal is an
interview with venture capitalist Bill Davidow. As the crash in the value of
internet companies sours investors, and fills the financial pages with tales
of impending doom, Mr. Davidow has taken to reminding all who will listen,
"There was a tulip business even after the tulip mania." Which prompted me to
dig out my copy of Mike Dash's Tulipomania -- subtitled, "The Story of the
World's Most Coveted Flower & The Extraordinary Passions It Aroused."
    Davidow is indeed right, and in the post-bubble history of the tulip
business may lurk some clues as to the history of the dot.coms, many of which
have been liquidated, while others have seen their values fall by as much as
90%.
    After the bubble burst, the trade in bulbs did not disappear. Prices
fell, but in a few years "the trade regain[ed] some sort of equilibrium. The
speculators had gone, but there was still a market for the flower." But at
far lower prices, with the specialty bulbs doing better than the garden
variety tulip. And it is not to stretch the analogy between tulip-growing and
the dot.com business to cite Dash's observation that "most of the new and
inexperienced growers who had been attracted by the prospect of rich profits
gave up the business or were driven out."
    Eventually, bulb growers learned how to turn a profit again. They
converted their business from a seasonal one to one that could produce all
year 'round -- something e-tailers have still to learn. They learned how to
destroy the viruses that periodically destroyed their businesses -- something
Microsoft et al. have still to learn. They learned how to compete with other
varieties of flower -- just as e-tailers have been learning how to click with
bricks-and-mortar retailers.
    In short, although the past is not necessarily prologue, history suggests
that there indeed life after a bubble bursts. For one thing, investors have
short memories: the tulipomania was followed by a spurt in the prices of
hyacinths in the eighteenth century, and by one in dahlias in 1838. Indeed,
as recently as 1985 prices of the red spider lily soared in China, reaching
$50,000 for the most coveted varieties, "an amount that puts even the sums
paid at the height of the Dutch tulip craze to shame", according to Dash.
    More important, the bursting of a bubble separates the wheat from the
chaff. The fact that the business graveyard is overflowing with the corpses
of dot.coms tells us less about the future role of the internet in our
economic lives than it does about the propensity of some to irrational
exuberance. It should come as no surprise that companies that not only failed
to earn any money as their customer lists swelled, but touted their mounting
losses as proof of their success in growing their businesses, should
eventually fall from investor favour.
    Nor should it be surprising that inexperienced entrepreneurs, whose sole
lasting contribution to American life has been the destruction of the
business suit, have discovered that there is more to running a successful
business than attracting the adulation of equally young and casually clad
reporters for trade magazines.
    Finally, it should not surprise us that the accumulation of data in this
era of the so-called "new economy" has led to a more sober appraisal of the
contribution of new technologies to the ability of the American economy to
grow without triggering significant inflation. We now know that the massive
investment in new technologies has increased the rate of growth in
productivity, and that the economy's speed limit has been raised to something
closer to 4% than to its old limit of about half that. That's not as
revolutionary as some of the more strident "new economy" advocates have been
claiming, but it is enough to make an unemployment rate of only 4%
sustainable in the long run without setting off a round of wage-price
inflation.
    What we have, then, is what might be called the residue of the dot.com
collapse -- a new way of doing business, greater productivity in important
sectors of the economy, lower transactions costs as buyers and sellers come
together without the intervention of middlemen, new exchanges in which
everything from electricity to broadband capacity can be traded efficiently,
and an increase in consumer power to resist price increases.
    These are permanent changes. The pace at which they are introduced and
become entrenched will, of course, be affected by the increased volatility of
share prices. Such volatility, after all, makes investment in shares somewhat
riskier, which is another way of saying that the price that entrepreneurs
will have to pay for capital to reward investors for taking these higher
risks will rise -- indeed, has already risen. But the improvements in
productivity and efficiency will not be reversed, even if the economy slows
significantly, as it now is deemed likely to do.
    Perhaps most important of all of our new knowledge is our increased
understanding of the use of the policy tools available to cope with economic
downturns. The market soared last week after Federal Reserve chairman Alan
Greenspan suggested that he was considering lowering interest rates, and the
Florida courts increased the likelihood that George W. Bush rather than the
more antibusiness Al Gore would move into the White House when the lease of
Bill and Hillary Clinton expires next month.
    Investors know that Greenspan can stimulate the economy by lowering
interest rates, which are high in real terms. After all, as discussed
elsewhere in these pages, he reversed a far more serious stock market plunge
in 1997 by easing monetary policy. Investors know, too, that the Bush team
aims to ease fiscal policy by pushing a tax cut through congress. That
combination of looser monetary and fiscal policies can go a long way towards
preventing this slowdown from becoming a recession.
[ET

IMS1012.COL
Attention:  John Jay

IRWIN M. STELZER
The Sunday Times
10 December 2000
    Buried deep in an issue of last week's Wall Street Journal is an
interview with venture capitalist Bill Davidow. As the crash in the value of
internet companies sours investors, and fills the financial pages with tales
of impending doom, Mr. Davidow has taken to reminding all who will listen,
"There was a tulip business even after the tulip mania." Which prompted me to
dig out my copy of Mike Dash's Tulipomania -- subtitled, "The Story of the
World's Most Coveted Flower & The Extraordinary Passions It Aroused."
    Davidow is indeed right, and in the post-bubble history of the tulip
business may lurk some clues as to the history of the dot.coms, many of which
have been liquidated, while others have seen their values fall by as much as
90%.
    After the bubble burst, the trade in bulbs did not disappear. Prices
fell, but in a few years "the trade regain[ed] some sort of equilibrium. The
speculators had gone, but there was still a market for the flower." But at
far lower prices, with the specialty bulbs doing better than the garden
variety tulip. And it is not to stretch the analogy between tulip-growing and
the dot.com business to cite Dash's observation that "most of the new and
inexperienced growers who had been attracted by the prospect of rich profits
gave up the business or were driven out."
    Eventually, bulb growers learned how to turn a profit again. They
converted their business from a seasonal one to one that could produce all
year 'round -- something e-tailers have still to learn. They learned how to
destroy the viruses that periodically destroyed their businesses -- something
Microsoft et al. have still to learn. They learned how to compete with other
varieties of flower -- just as e-tailers have been learning how to click with
bricks-and-mortar retailers.
    In short, although the past is not necessarily prologue, history suggests
that there indeed life after a bubble bursts. For one thing, investors have
short memories: the tulipomania was followed by a spurt in the prices of
hyacinths in the eighteenth century, and by one in dahlias in 1838. Indeed,
as recently as 1985 prices of the red spider lily soared in China, reaching
$50,000 for the most coveted varieties, "an amount that puts even the sums
paid at the height of the Dutch tulip craze to shame", according to Dash.
    More important, the bursting of a bubble separates the wheat from the
chaff. The fact that the business graveyard is overflowing with the corpses
of dot.coms tells us less about the future role of the internet in our
economic lives than it does about the propensity of some to irrational
exuberance. It should come as no surprise that companies that not only failed
to earn any money as their customer lists swelled, but touted their mounting
losses as proof of their success in growing their businesses, should
eventually fall from investor favour.
    Nor should it be surprising that inexperienced entrepreneurs, whose sole
lasting contribution to American life has been the destruction of the
business suit, have discovered that there is more to running a successful
business than attracting the adulation of equally young and casually clad
reporters for trade magazines.
    Finally, it should not surprise us that the accumulation of data in this
era of the so-called "new economy" has led to a more sober appraisal of the
contribution of new technologies to the ability of the American economy to
grow without triggering significant inflation. We now know that the massive
investment in new technologies has increased the rate of growth in
productivity, and that the economy's speed limit has been raised to something
closer to 4% than to its old limit of about half that. That's not as
revolutionary as some of the more strident "new economy" advocates have been
claiming, but it is enough to make an unemployment rate of only 4%
sustainable in the long run without setting off a round of wage-price
inflation.
    What we have, then, is what might be called the residue of the dot.com
collapse -- a new way of doing business, greater productivity in important
sectors of the economy, lower transactions costs as buyers and sellers come
together without the intervention of middlemen, new exchanges in which
everything from electricity to broadband capacity can be traded efficiently,
and an increase in consumer power to resist price increases.
    These are permanent changes. The pace at which they are introduced and
become entrenched will, of course, be affected by the increased volatility of
share prices. Such volatility, after all, makes investment in shares somewhat
riskier, which is another way of saying that the price that entrepreneurs
will have to pay for capital to reward investors for taking these higher
risks will rise -- indeed, has already risen. But the improvements in
productivity and efficiency will not be reversed, even if the economy slows
significantly, as it now is deemed likely to do.
    Perhaps most important of all of our new knowledge is our increased
understanding of the use of the policy tools available to cope with economic
downturns. The market soared last week after Federal Reserve chairman Alan
Greenspan suggested that he was considering lowering interest rates, and the
Florida courts increased the likelihood that George W. Bush rather than the
more antibusiness Al Gore would move into the White House when the lease of
Bill and Hillary Clinton expires next month.
    Investors know that Greenspan can stimulate the economy by lowering
interest rates, which are high in real terms. After all, as discussed
elsewhere in these pages, he reversed a far more serious stock market plunge
in 1997 by easing monetary policy. Investors know, too, that the Bush team
aims to ease fiscal policy by pushing a tax cut through congress. That
combination of looser monetary and fiscal policies can go a long way towards
preventing this slowdown from becoming a recession.
[ET


good job, thanks

 -----Original Message-----
From: 	Matthews, Ron
Sent:	Wednesday, February 20, 2002 10:00 AM
To:	Hyatt, Kevin
Subject:	Sun Devil Btu Content

Attached is an Excel file with Btu contents for the San Juan lateral and mainline.

Ron M.

 << File: Sun Devil Btu020220.xls >>


Ben:  Because of the short time frame I am just forwarding the questions from
our broker (representing the surety) concerning your request for bid bond.
Very valid questions and also will impact your performance bond should you
win and need one.  Please try and get back to me asap as this is a very short
time frame for the bond.  Thanks.
---------------------- Forwarded by Teddy Ward/HOU/ECT on 03/08/2000 07:11 AM
---------------------------

"Phil Bair" <pbair@jwortham.com> on 03/08/2000 06:52:45 AM
To: Teddy Ward/HOU/ECT@ECT
cc:
Subject: Enron North America/Rochester Generator Project

Teddy-We are preparing the bid bond based on the request received yesterday
evening.  The bid specifications indicate liquidated damages in the amount of
$2,375,000 PER DAY.  I assume Enron will not accept damages at this level.
Please check to determine if the bid will be qualified in this area-and what
alternative damages may be offered.  Due to the unusual size of the penalty
relative to the contract value, this could have an impact on reinsurance.

The contract indicates a normal one year warrenty from the contractor.  The
charge for this warrenty is included in our standard performance bond rate.
I have bonded a number of generator contracts similar to this, and frequently
there is an option for the contractor to offer an extended warrenty up to 5
years.  Since this would impact the premium charged, you may want to check to
see if this option exist so we can get the pricing correct in your estimate.

Thanks.
3/8/00

Philip N. Bair
713-346-1378 (Telephone)
713-520-1260 (Telefax)


Richard--Joe has some ideas about this and will get back with you (and submit
the RCR).

"Tabors, Richard" <tabors@tca-us.com> on 07/18/2000 06:05:36 PM
To: Christi L Nicolay <Christi.L.Nicolay@enron.com>, James D Steffes
<James.D.Steffes@enron.com>
cc: "Tabors, Richard" <tabors@tca-us.com>, Joe Hartsoe
<Joe.Hartsoe@enron.com>, Richard Shapiro <Richard.Shapiro@enron.com>, Steven
J Kean <Steven.J.Kean@enron.com>, Rob Bradley <Rob.Bradley@enron.com>
Subject: RE: Dan Larcamp request

Christi, Jim, et al

This last exchange has been very helpful.  The question that we need some
guidance on is how detailed he wants these answers and what he will do with
the results.  There are at least two levels that we could look at
effectively.

 1.  Fairly quickly, a repeat of the analysis done in the summer of
'98 when we looked at the price spikes in the midwest.  It would need to
focus on San Diego since that seems to be where the price problem is today
(along with the midwest) and also get a glimmer on (rumor picked up here)
the impact of CA price spikes on Oregon consumers.  The conclusion from '98
was that price spikes are necessary to send investment price signals for
both generation additions and for DSM investments (load response).
Presumably this would carry forward to a 2000 study.

 2.  A more careful look at the same areas described above but more
focused on how the wholesale prices find their way to end use consumers.  WE
covered this only in a cursory fashion in '98.  Here we would need to do two
things.  The first is make certain that Dan and the FERC senior folks
understand the basics that the price spikes in the midwest and in the other
bilateral markets only affect the incremental transactions (the lesson of
'98)not all kWh.  This is different from price spikes in the "pool markets"
where they set the price for all kWh.  The second point is to see that there
is an understanding of the role of a forward market and a hedge, i.e. that
you could "look on EOL" and buy forward a 7x24 for the summer, say, and pay
a market price to protect you against the volatility on an hourly basis by
absorbing it in a 3 month contract. The "price signal for investment"
conclusion would carry forward as above.

What do you think the level of interest / need is and how quickly does he
need some or all of the answers?

This is a good time for TCA to tackle this.  We have (or had) a quiet moment
for both Fagan and Rao who are the two experts on data development and
analysis from published sources.

Christi, let's talk in the morning so I can scope an RCR.

Thank you.

Richard

-----Original Message-----
From: Christi L Nicolay [mailto:Christi.L.Nicolay@enron.com]
Sent: Tuesday, July 18, 2000 5:17 PM
To: James D Steffes
Cc: tabors@tca-us.com; Joe Hartsoe; Richard Shapiro; Steven J Kean; Rob
Bradley
Subject: Re: Dan Larcamp request

Thanks, Jim--Dan Larcamp seemed to genuinely want to learn what the problems
are
and to educate his staff.  In that regard, we have offered to have some of
his
staff down to use some of Enron's tools.  He was specifically asking for the
data below to counter the bent at FERC for price caps.  I didn't get a
feeling
that he would use the data to say that everything is fine.  In fact, we took
him
through some parking examples and he asked that we hold a "seminar" type
activity for some of his senior staffers.  He is in the process of bringing
on
some staffers that can act agressively on hotline issues, etc.  He was very
familiar with the other problems on the grid.

He also asked Kevin why Enron doesn't want LMP everywhere because with our
staffing we can run over everyone else.  Kevin told him that then there is
no
market liquidity and we can't trade with ourselves.  As it is now, there are
less than 10 big players due to the transmission risk.  We explained in
detail
what happens in the "Into" Markets and why it is so difficult to deal with
transmission/physical risk.  Kevin said that even the big bank players, like
Morgan Stanley, usually flip the product before it goes to liquidation so
they
do not have to take transmission risk.  Dan L., having come from gas,
understood
the liquidity issues and had a good discussion with Kevin.  (He sat down in
Kevin's chair and looked at pricing on EOL.)

Overall, it was a very positive meeting.  Kevin was impressed that Dan L.
really
understood the issues and acted like he wanted to do something, but needed
help
in educating his people.

James D Steffes@EES
07/18/2000 04:00 PM

To:   Christi L Nicolay/HOU/ECT@ECT
cc:   tabors@tca-us.com@ECT, Joe Hartsoe/Corp/Enron@Enron@ECT, Richard
      Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Rob
      Bradley/Corp/Enron@ENRON
Subject:  Re: Dan Larcamp request  (Document link: Christi L Nicolay)

Christi, etal --

I don't disagree with this analysis, but the drive for competitive
generation is
not simply related to the short term benefits (one year total energy bill
versus
next year total energy bill).  Competitive generation is also about risk
transfer - regulated monopolies assign all new plant risk to customers,
merchant
generation assigns all new plant risk to shareholders.

In addition, I hope that Larcamp won't take our data / analysis and try to
argue
that "everything is fine".  Clearly there are many undone / misdone public
policy problems (e.g., native load exception, hourly transmission, etc.)
left in
the wholesale energy markets.

Jim

To:   tabors@tca-us.com
cc:   Joe Hartsoe/Corp/Enron@Enron, James D Steffes/HOU/EES@EES, Richard
      Shapiro/HOU/EES@EES
Subject:  Dan Larcamp request

Richard T. -- Dan Larcamp of FERC was here today and asked for a
comprehensive,
real price study using data from last summer or the last two summers showing
how
much on a $kw basis that retail customers were affected by the price spikes
(including how much they saved as a result of hopefully lower prices for the
remainder of the year.)  He needs this to fight price caps.  How much would
something like that cost (probably using some of the data you gathered last
year.)?  How long would it take to create?  Thanks for your help.


Jordan/Mark -

I should have included you two on this list as well.

Bruce

---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on
10/25/2000 09:43 AM ---------------------------

Bruce Lundstrom
10/24/2000 08:49 PM
To: Mark E Haedicke/HOU/ECT@ECT, Elizabeth Labanowski/EPSC/HOU/ECT@ECT,
Michael Moran/ET&S/Enron@ENRON, Kristina Mordaunt/Enron Communications@Enron
Communications, Rex Rogers/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Evans@ECT, Lance Schuler@ECT
cc: Stephanie Harris@ENRON

Subject: Enron Asia Pacific Lawyers

Folks -

Enron Asia Pacific lawyers and legal specialists need to look for positions
elsewhere within Enron.  I am attaching the resumes of two lawyers (Bonnie
Nelson and Bill Krenz) and a paralegal (Bill Brown) that are available now to
take assignments in other Enron business units.  I would appreciate your
consideration of these individuals for positions in your groups.  I would be
happy to discuss them with you at your convenience.

One other lawyer (Yao Apasu) and a legal specialist (Tami Scrudder) are still
working on some important pending matters.  I intend to forward their resumes
when the timing of their availability becomes more clear.

Thank you,
Bruce


Hi All,

As of today, MetaStock has several new functions. The most important new
feature is the ability to display forward HEAT RATE charts.
Also, notice that the interface looks different -- this reflects and
accommodates the new features. The help files (on the left of the applet)
fully describe and explain all the changes and additions to the program.

If you have any questions regarding this new version of MetaStock, please
contact Anna Santucci (x. 34225) for user questions or Mark Symms (x. 33105)
for technical questions. And, of course, you can ask these questions once you
log into the MegaWatt Station (the virtual one).


I know that you've already indicated that you will circulate a draft of the
late-filed exhibit by Friday, but if you have a draft we could look at
sooner, that would be great...TW's business people who need to look at it
will be out at the beginning of next week.  Thanks.


Dear Mr. Lay,

My name is Tony Eng and I am responsible for Business Development for
NetCel360.  NetCel360 would very much like to have an opportunity to meet
with you to understand Enron's current pan-Asian e-Business strategy and
regional footprint.  I respectfully request a meeting with you to discuss
operational and transactional issues that you face in the Asia-Pac region
and solutions NetCel360 may be able to provide.

Headquartered in Asia, NetCel360 is the first pan-Asian e-Business Service
Provider (eSP) led by Founder and Chairman, Phil Kelly, previously President
of Dell Asia where he is recognized for his pivotal role in building Dell
Computer's direct business to over $1 Billion.  Our executive staff are
industry leaders and bring their experience to NetCel360 from companies such
as AT&T, Motorola, Dell Computer, Citibank, American Express, Bain, Allied
Signal and more.

The core of our model is to provide a complete platform of transactional and
business services required to support e-commerce across Asia, enabling you
to easily reach this entire market in multi-currency and multi-language
formats.  The services are offered turnkey or customized to your specific
requirements.

Consulting - Asia Pacific specific market research and Internet strategy
execution
Web Services - web hosting, design, translation/localization, integration
Full Call Center Service Support - 24 x 7 support for virtually all contact
channels in multi-language formats (i.e. web, e-mail, VoIP, fax,
inbound/outbound calls, text chat, form sharing) to provide customer
service, technical support, order fulfillment, warranty return/replace
functionality
Financial and Legal Services - tax, treasury, collections, billing,
credit-card payment support
Logistics - supply chain management, end-user delivery, export controls,
collect-and-return services/facilities, and customized on-line global
tracking system
Internet Service Provider - ISP connectivity, directory content, search
functions, email, chat, and Web connectivity.

Kenneth, I would like the opportunity to introduce you to our Director of
Business Development, Dan Delaney, and our Senior Consultant, Hao Wu, to
talk about your plans in the Asia-Pacific region.  It is quite likely that
NetCel360 can off-load many of the challenges for you, leaving your
resources available to focus on your customers, brand, and product
strategies.  In addition to the attached flash file on NetCel360, more
information about our services, management team, alliances and investors is
available at www.netcel360.com.

Thank you for your time Kenneth.  I look forward to the opportunity of
speaking with you soon.  Please feel free to call me anytime with any
questions you may have at 858/592-8882.

Best Regards,

Tony Eng

NetCel360, Inc.
Phone: 858/592-8882
E-Mail: Tony_Eng@netcel360.com
Visit us at www.netcel360.com

 <<NetCel360.exe>>

 - NetCel360.exe


I received this from Marvin this morning.  We need to discuss how/if we
incorporate them into the LOI.

 -----Original Message-----
From:  "Marvin L. Carraway" <mcarraway@watervalley.net>@ENRON
[mailto:IMCEANOTES-+22Marvin+20L+2E+20Carraway+22+20+3Cmcarraway+40watervalley
+2Enet+3E+40ENRON@ENRON.com]
Sent: Friday, March 16, 2001 8:19 AM
To: Rorschach, Reagan
Subject: [Fwd: EPMI LOI]

Reagan,please reveiw this list of comments again. The latest draft only
addresses item no. 5. MLC

Return-Path: AMalmsjo@rwbeck.com
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From: "Malmsjo, Al" <AMalmsjo@rwbeck.com>
To: "Marvin Carraway (E-mail)" <cpuadmin@telepak.net>,  "Marvin Carraway
(E-mail 2)" <mcarraway@watervalley.net>
Cc: "Painter, Donna" <DPainter@rwbeck.com>
Subject: EPMI LOI
Date: Tue, 6 Mar 2001 11:38:28 -0500
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Here are the  comments that I said I would send.  Feel free to call if you
have any  questions. - - Al

Al Malmsjo
R. W.  Beck
(407) 648-3521 - Office
(407) 421-5402 - Cell

 - Comments on EPMI Proposal.doc


Thanks, too, for getting my name in front of Ken!  --Sally

 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, October  5, 2001 3:22 PM
To:	Lay, Kenneth
Subject:	Center for Houston's Future

I participated last weekend in the Leadership Forum for Fall 2001 of the Center for Houston's Future.  I wanted to thank you for recommending me as a member of the Forum.  I thoroughly enjoyed the opportunity to meet so many interesting, talented members of the Houston community.  I know that I will enjoy working with the group during our second session, November 1-3, as well as collaborating on some "homework" assignments that we will complete between now and then.   I especially am excited about the possibilities of making an impact on Houston's future through developing both relationships and action steps  through my association with the Center.   Thanks again for making this opportunity available to me.  --Sally Beck


Finally! After a slight uphill battle, we've successfully entered the first
three futures deals under the Mid-Columbia NYMEX settlement price. Because
all of you were involved in this process in one way or another, I thought I'd
let you know that it was successful in the end, and forward the deal numbers
along for reference. They are as follows:

TAGG Futures Deals - QQ0362 (J-01)
               QQ3837 (K-01)
                  QQ7050 (M-01)

ENPOWER Swap Deals - 517925 (J-01)
       517928 (K-01)
       517929 (M-01)

Thank you for all of your patience and cooperation. If you have any
questions, please let me know.

Kate Symes
(503) 464-7486


From the office of Mr. Mark Haedicke!

Please note the attachment.

Thank you


Mid-Year is upon us!  To assist you in preparation for the Mid-Year 2001
Performance Management (PRC)  process, we have scheduled several one-hour
information sessions that will provide you with an overview of the PRC
process as well as the changes.

Please join us for one of the following information sessions.

Note:  All sessions will be held in Room EB42C1.

Tuesday, May 8th
9:00 a.m. ) 10::00 a.m.
10:30 a.m. ) 11:30 a.m.
1:30 p.m. ) 2:30 p.m.
3:00 p.m. ) 4:00 p.m.

Wednesday May 9th
9:00 a.m. ) 10::00 a.m.
10:30 a.m. ) 11:30 a.m.
1:30 p.m. ) 2:30 p.m.
3:00 p.m. ) 4:00 p.m.

Friday, May 11th
9:00 a.m. ) 10::00 a.m.
10:30 a.m. ) 11:30 a.m.
1:30 p.m. ) 2:30 p.m.
3:00 p.m. ) 4:00 p.m.


Thought you could use some good news!

CUIABA  (not typically associated with "good news")

1. GT12  is repaired and running:    Commissioning on gas is complete for purposes of the PPA which avoids a default (yippee!).  GT11 is still on schedule to be repaired by December 3, 2001.

2.  Consent signed:  Both Furnas and Electrobras (the guarantor) have now signed the consent, and aditivo #5 whereby Furnas will take on the risk associated with new regulatory issues and pass those costs through to end users.  ANEEL has approved but still must formally ratify this plan.  Thus, we are getting closer to financial close by year end.  The issues of political force majeure and the survival of the Electrobras guaranty are still under negotiation with the Brazilian government. It is unclear at this time how the recent turn of events at Enron will impact the financing.

3.  Shell:  The mediation was temporarily suspended a day early.  The parties will consider Shell swapping its interest in Cuiaba for Enron assets GTB, TBG and Transredes.    The parties are determining whether this swap makes sense and, depending on the outcome,  will reconvene either to negotiate the swap or continue the mediation.  This dispute must be settled to close financing.

4.  Insurance:  Reservation of rights letter to be issued as a result of Siemens report that the row 3 cracks first appeared in 1999, but Siemens advised the Owner they were "normal" and thus the plant should continue to run. We are covered for our own negligence but still no final word on coverage.  All information requested by underwriters has been provided, including Siemens' correspondence advising the Owner that the cracks were not material.

ANNEX V

Orlando Gonzales met with Brazilian officials again last week and advised that he is very close to negotiating a satisfactory agreement  on Annex V.  He requested that we not file any suits at this time.

Regards,
        Michelle


i gave you inside counsel for valentis / cd- arthur amron 203 862-7012.. ok-
i guess i will have to get everything done monday and tuesday.. i am out from
the 3-11 as well.. who can i have the rest of the team direct inquiries to in
your absence.. frank?

thanks,
ca

From: Sara Shackleton@ECT on 04/26/2001 09:33 AM
To: Caroline Abramo/Corp/Enron@Enron
cc: Brent Hendry/NA/Enron@Enron, Paul Radous/Enron@EnronXGate, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol St Clair/HOU/ECT@ECT

Subject: hedge funds

Caroline:

You should have already seen the two ISDA's (Valentis, CD Holdings) emailed
yesterday evening per your instructions.  I am still waiting for you to send
information regarding inhouse/outside legal counsel for both parties.

The Schedule and Paragraph 13 sent to Valentis et al is very much like the
hedge fund template which legal is refining.  We are reviewing the first
draft and commenting.

FYI - I will not be in the office on Friday, April 27.  Also, the Enron legal
conference is next week and the lawyers will be in San Antonio from May 2
(afternoon) through May 4.  And finally, I will be on vacation during the
week of May 7 - May 11.  Please try to make plans (conference calls,
counterparty comments, etc.) accordingly.

Let me know if you have any questions.

Thanks.

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


Dana-
Here is the list of required deliverables that I gave to ArthurAndersen when
you were out of town on May 10th.

If you (or any of the cc's) have any suggested additions or changes to this
list, please send them to Shelly.  Shelly will work with Lori to get the
revised deliverable list to ArthurAndersen ASAP.

Lori-
Please ask J.R. Sult to commit to a completion target date.

Thanks
Mike


Dave,

See below broad summary from certain key Eurpoean jurisdictions. The
"concern" countries are Belgium and the Netherlands.

J

---------------------- Forwarded by Justin Boyd/LON/ECT on 26/05/2000 12:58
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "West, Nick" <nick.west@linklaters.com>
26/05/2000 12:58

To: "'jboyd@enron.com'" <jboyd@enron.com>
cc: "Didizian, Marly" <marly.didizian@linklaters.com>

Subject: Enron online/sports.com competition

Dear Justin

You asked for a summary of the UK and foreign advice which we have collated
on the lawfulness of the Enron online/sports.com "spread betting"
competition. I have set out a short note below. Marly and I would be happy
to discuss it with you further by telephone at any time this afternoon.

I have assumed that the competition is based predominantly on chance. I have
also assumed that there is no element of indirect consideration required to
enter the competition. We may need to discuss these points in more detail.

UK:

There appears to be no problem. The competition cannot be a lottery as the
contestants do not pay to enter. The competition may fall within the
definition of gaming, but only unlawful gaming is prohibited. The
competition format which you have described is unlikely be an unlawful game.

Germany:

There appears to be no problem as far as gaming laws on lotteries and the
German Trading Regulations are concerned, because the participants will not
pay to enter the competition. However, it is possible that there may a
breach of unfair competition laws. One of Enron's customers without online
trading capacity or one of Enron's competitors could argue that the
competition is anti-competitive i.e. Enron is trying to influence the
decision of its online trading customers as to whether they should trade
with Enron at all. We should consider this risk in greater detail. If the
game was held to be anti-competitive, Enron would have to cease to offer it
to German customers.

Netherlands:

Under the Dutch Games of Chance Act (GCA), games of chance are generally
prohibited, even if participation is free.  However, we have been advised
that, to date, it is not clear whether the GCA even applies to internet
games. We have also been advised that, in any event, the Dutch authorities
are unlikely to consider it a high priority to try to enforce the GCA
against a game offered for a limited time with only a moderate prize.
Finally, we have been advised that if the game complies with the law in the
country of its origin, this would decrease the likelihood of any Dutch
action. Thus the key decision in the Netherlands is whether the commercial
benefits of the competition outweighs the risk of a fine for contravention
of the GCA - maximum NLG 25,000 (approx 10,000 USD).

The GCA also only applies to games of chance. The provisions of the act
could be avoided if a greater degree of skill was introduced in to the
competition.

Italy:

You may recall that under Italian law, it appears that Enron will need to
get the approval of the Italian Ministry of Finance to offer the game to
Italian customers as it falls within the definition of an "advertising
contest". Having discussed this matter with our Italian colleagues, it seems
that Enron will be unable to avoid this requirement unless it does not offer
prizes. Authorisation is likely to take a minimum of 30 days - there is no
fast track process. Furthermore, since the website will be co-branded Enron
online/sports.com, we have been advised that both parties would need to seek
authorisation. Failure to obtain authorisation may result in a fine of up to
15m Lire (approx 7,500 USD) and continuing an unauthorised game in
contravention of an order of the Ministry of Finance may result in a fine of
up to 100m Lire (approx 50,000 USD).

We have also been advised that the Italian Ministry of Finance does not
undertake regular or thorough searches of the internet to identify
potentially unlawful advertising contests. With this is mind, Enron may
consider that the commercial benefits of running the competition in Italy
outweighs the risk of being fined. We may need to consider this issue in
more detail.

Belgium:

The advice we received from our Belgian colleague is inconclusive. The game
does not fall foul of the new Law on Games of Chance as no entry fee is
charged. However, we have been advised that there is a small risk that the
game may be prohibited under the Law on Lotteries of 1851 since it is a game
of chance. This risk can be alleviated by limiting the access to the game to
defined group of users - as is the case here - and by increasing the level
of skill involved. We may need to consider this risk in more detail since
civil and criminal sanctions may be imposed on the organisers of a
non-authorised lottery - imprisonment for up to 3 months and a fine of up to
BEF 600,000 (approx 14,000 USD) for the organiser of the competition (Enron)
as well as a fine for the distributor (sports.com) of up to BEF 200,000
(approx 4,500 USD)

Switzerland:

There appears to be no problem under Swiss law as the contestants do not
need to pay to participate.

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________


FYI

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Tuesday, May 22, 2001 7:43 AM
To:	Kim, Michael
Cc:	Stubblefield, Wade; Lavorato, John; Presto, Kevin
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 Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Metafile)>


Bill:  Thanks for the info.   I also spoke with Jeff about how
EnronCredit.com Ltd. was going to work since Dennis O'Connell (London lawyer)
is responsible for that group.  Maybe you will be able to clarify which of
Jeff's "positions" will be hedges and which will be backed to EnronCredit.
Maybe Rod will be handling most of Jeff's credit.  I'd appreciate an update.
Sara

	William S Bradford
	08/29/2000 07:24 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Rod
Nelson/LON/ECT@ECT
		 Subject: Re: Credit Derivatives

Sara,

Please contact either Paul Radous or me on credit derivatives in the U.S.
Rod Nelson is the lead credit support for EnronCredit.com and should also be
available in London, if necessary.  I am not aware of these recent trades but
I am having lunch with Jeff Kinneman on Thursday to discuss among other
things Credit support for his business.

It does concern me that we would offer to provide collateral DLJ without
Treasury's approval.

Bill

From: Sara Shackleton on 08/28/2000 06:53 PM
To: William S Bradford/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Credit Derivatives

I am seeing more and more credit derivatives.  The trades originating in
Houston are coming from Jeff Kinneman's bond/debt traders but are booked in
the name of ECT Investments, Inc. or ENA.  I can't be certain if these are
backed to EnronCredit.com Limited.

In particular, there is a proposed total return bond trade with DLJ
International Capital requiring ECT Investments to post collateral.  We have
no master with this party.  Who in Houston credit  is looking at credit
derivatives?

FYI, other credit deals seem to be transacted wtih Deutsche Bank and UBS AG.


El Paso Field Services - EPFS has agreed to go forward on a new interconnect
with TW in Eddy County, NM.  The size of the new interconnect will be 40,000
MMBtu/d.  EPFS has agreed to pay $165,000 towards the cost estimate of
$280,000 as well as commit 12,500 MMBtu/d throughput for a period of 2
years.  Facility Planning is opening a new work order and we have begun
drafting the Interconnect Agreement and the OBA for the new point.  The point
should be active in 60 - 90 days.

Arizona Public Service - has still not signed the Transport Request for the
14,000 MMBtu/d April - October 2001 capacity.  The current spread is $0.375 -
$0.40.

Red Cedar - has finally decided on their transport volume under our new 5
year agreement.  Contract documentation is being prepared.

Sempra - has again exercised their option under their Gallup contract for
21,500 MMBtu/d Permian to California for 1 year starting 11/1/01. The
contract rate is $0.30 plus fuel.

Texaco is moving up to 100,000 MMBtu/d from PG&E Topock to Mojave starting
8/21 through 10/31/00.  TW collected an incremental $.025/MMBtu for this move
or approximately $160,000.

El Paso Outage-
 Current reports are the Office of Pipeline Safety is demanding El Paso hydro
test, X-ray and ultrasonic test all 330 miles of pipe that is currently out
of service due to last weekend's explosion.  It appears the 1 Bcf/d capacity
to California may be off-line for up to one month.

Related Developments
  --SoCal released capacity on El Paso for October 2000 to Dynegy at a
reservation charge of $1.00/MMBtu.
  --Volume on various TW interconnect points has picked up on the east end
including the new NGPL Winkler point.
  --We are receiving incremental volume from El Paso at Window Rock and
collecting a portion of the market premium.

Transport Options - a working group meeting with customers has been scheduled
for Thursday August 31.  The objective will be to get everyone comfortable
and build a coalition of support behind our new Options Tariff filing.

Burlington Resources - We held a conference call with John Hinton, Marketing
Director, regarding the current operation of the Val Verde plant.  Our data
indicates,with the exception of a few T-5 temperature limit days, TW has been
able to accept over 98% of the gas nominated by the plant.  In addition, for
the last 2 years, the plant has been delivering gas with CO2 in excess of our
specs.  We agreed our latest amendment draft could use some stronger language
in terms of TW's obligations beyond a "best efforts" basis.   John indicated
a willingness to work together as they were trying to schedule a delivery of
215,000 MMBtu to us for Hub delivery.   We agreed to talk again next week
once the volume test was complete.


Sounds good.  Mike will be here in a bit to sign.

Thanks,

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 01/05/2001 11:06:39 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: ABB Facility Agreement

I'll make the changes to 2 and 3.  I don't think we need to make any
changes to the agreement with regard to item 1.  The agreement already
states that the Effective Date is the date the agreement is entered
into. (See opening paragraph).

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, January 05, 2001 11:56 AM
To: Ben.Jacoby@enron.com; Fred.Mitro@enron.com; Thompson, Peter J.
Subject: ABB Facility Agreement

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/05/2001
10:55
AM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 01/05/2001 10:46:52
AM

To:   Kay.Mann@enron.com, CCampbell@KSLAW.com
cc:   DPedigo@INTERGEN.com, jjones@INTERGEN.com, SNoonan@INTERGEN.com

Subject:  ABB Facility Agreement

Kay and Carolyn:

The proposed draft of the ABB Facility Agreement should be revised in
the following respects:

1.         The date of the Agreement on page one and the "Effective
Date"
should be the date the Agreement is executed.

2.         Section 6.1.2 should be revised to read as follows:

Seventy-eight thousand six hundred dollars ($78,600) constitutes the
full and final payment for the Unit, except that Purchaser shall be
responsible for the payment of any and all amounts associated with any
Change Order approved after the Effective Date.  The final payment of
the Purchase Amount is subject to Section 6.1.3.

3.         The third and fourth sentences of Section 17.4.1 should be
amended to read as follows:

If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is greater than the Proper Scope Value, the difference
between such amount and the Proper Scope Value (the "Refund Amount")
shall be due to Purchaser by Seller.  If the Maximum Liability Amount
(less any unpaid portion of the Purchase Amount) is less than the Proper
Scope Value, the difference between such amount and the Proper Scope
Value shall be referred to as the "Scope Value Due."

InterGen is continuing to review the ABB Facility Agreement internally
and may have further revisions.

George


OK.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/12/2001
04:32 PM ---------------------------

DENISE LAGESSE
01/12/2001 10:34 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON

Subject: Susan Scott's expense report 01-11-01

Please approve Susan's attached expense report and forward to accounting with
a cc: to me.  Thanks!


yeah.  i think they will go to the rose bowl.


book it


Are you OK?

 -----Original Message-----
From: 	Saunders, James
Sent:	Friday, November 16, 2001 1:04 PM
To:	Saunders, James; Hayslett, Rod; Butts, Bob; Farmer, Stanley; Meers, Thomas; Meers, Thomas; 'stephen.p.huzar@us.andersen.com'; Jolibois, Anne; 'roger.d.willard@us.andersen.com'; Rogers, Rex; Maddox, Lori; Eickenroht, Robert
Subject:	FW: EOTT/EGP Fuels SEC Data Responses

All, if no comments are received today we will assume okay to file.

 -----Original Message-----
From: 	Saunders, James
Sent:	Wednesday, November 14, 2001 5:45 PM
To:	Saunders, James; Hayslett, Rod; Butts, Bob; Farmer, Stanley; Meers, Thomas; Meers, Thomas; 'stephen.p.huzar@us.andersen.com'; Jolibois, Anne; 'roger.d.willard@us.andersen.com'; Rogers, Rex; Maddox, Lori; Eickenroht, Robert
Subject:	EOTT/EGP Fuels SEC Data Responses

Moving this forward again...please re-review, particulary wording of item 17...it probably needs a bit more editing


Daren & Julie:
Please disregard previous e-mails. I see that price is corrected in Sitara! Thanks to both of you for all of your assistance!

Tess

 -----Original Message-----
From: 	Ray, Tess
Sent:	Wednesday, May 09, 2001 6:57 AM
To:	Meyers, Julie
Subject:	FW: Chevron Phillips Chemical Co., LP  (HPLC 04/01 Sales/Buyback)
Importance:	High

Julie-
See Daren's reply below and advise.
Thanks!
Tess

 -----Original Message-----
From: 	Ray, Tess
Sent:	Wednesday, May 09, 2001 6:55 AM
To:	Farmer, Daren J.
Subject:	RE: Chevron Phillips Chemical Co., LP  (HPLC 04/01 Sales/Buyback)
Importance:	High

I will forward e-mail Lee P. sent to Julie (who forwarded to me). After you read through it, please get back with me. Need to get invoice and supply (net out) out today!
Thanks!

 -----Original Message-----
From: 	Farmer, Daren J.
Sent:	Tuesday, May 08, 2001 4:13 PM
To:	Ray, Tess
Subject:	RE: Chevron Phillips Chemical Co., LP  (HPLC 04/01 Sales/Buyback)

Tess,

I have changed Sitara to agree with the contract.  This was changed during flash to get around some pricing errors.

D

 -----Original Message-----
From: 	Ray, Tess
Sent:	Monday, May 07, 2001 2:58 PM
To:	Farmer, Daren J.
Cc:	Meyers, Julie
Subject:	Chevron Phillips Chemical Co., LP  (HPLC 04/01 Sales/Buyback)
Importance:	High

Darren-
Please advise on the 04/01 price for sales deal #SA 413462 on this buyback (Swing deal). The contract shows the price for 04/01 should be the same price as shown for 03/01 & 05/01 (i.e. 04/01 price for deal # SA 413462 should be: 10,000 @ HSC_FLW+1HIGH GDP D.A. & 11,000 @ HSC_FLW+2HIGH GDP DA).

Thanks!
Tess Ray
tess.ray@enron.com
Contract Accountant, Gas Settlements (Sales)
Houston Pipe Line Co.
1201 Louisiana, LA 1524B
Houston, Tx. 77002
Tel: 713-571-3274     Fax: 713-646-8875


I am very happy for you.  It sounds as if everything in your life is going in
the right direction.  I think you will enjoy working in the DC ofice and for
Joe.  I am sure you will learn alt.  Also, thank you for remembering Jason
and Jessica's 1 year birthday.  The designer T-shirts were great and they
look really cute in them.  That was very thoughful of you to remember.  Good
luck!

From: Karina Prizont/ENRON@enronXgate on 05/30/2001 02:10 PM
To: Stanley Horton/Corp/Enron@Enron
cc: Cindy Stark/Corp/Enron@ENRON

Subject:

Stan,

As you probably know, I have accepted a position as Regulatory Analyst
reporting to Joe Hartsoe.  My last day in Houston is June 29 and I will start
my new responsibilities on July 16.

By means of this message I want to thank you for making this possible.  This
is a big challenge for me and opens a new spectrum of possibilities in a
completely different arena.

I am looking forward to being a part of the ETS team.

Thanks again,

Karina


December 4th Quarter Forecast - Submitting the Final NNG/TW 4th Quarter
Forecast  to ETS by EOD today.  Officer Review today at 1:30 PM in the VCR.
This is the last legal entity earnings review.  Beginning in 2001, budget,
forecast and current estimate reviews will be prepared and held at a
functional level.  (Bob,  I will give you the IBIT numbers this afternoon).
We are working with Accounting and Property to finalize November actuals and
thus, our 2000 estimates.

2001-2003 Plan -  Will be reconstructing Plan for the reorganization
throughout the next month or two.  Working with Palu Goradia & Larry Fenstad
to transition Operations Budget files.  Will be working with Steve Gilbert
and Tracy Geaccone to transition Legal Entity rollups to them.  Several
meetings scheduled for next week.

TW Train Derailment - Working with Enron's Risk Management, Legal, TW
Commercial, Operations, and the outside Insurance Adjuster to support our
claims.  Received preliminary request for documentation from Business
Interruption Specialist Accounting Firm on December 1st.  Will review volume
and contract information from Commercial with Legal and submit to Risk when
complete.

Continuing work on transition plan and staffing needs for new ETS
Organization.  Met with each of Phil Lowry's Direct Reports to gauge their
support needs.

Completed the ETS Finance & Accounting PRC !


Kate,

Please autoschedule and approve.

9/5 581303

9/24  581304

9/27  581305

9/28  581308

10/31 581310 Annuity

11/30 581315 /  581316 Annuites

Les


fyi

-----Original Message-----
From: Rob Gramlich [mailto:thegramlich4@yahoo.com]
Sent: Wednesday, September 05, 2001 7:26 AM
To: Belden, Tim
Subject: RE: Chairman-to-be Wood's assistant

Got the offer.

--- "Belden, Tim" <Tim.Belden@ENRON.com> wrote:
> Good luck with this.  I would be happy to serve as a
> reference.  I don't
> know anybody else who is applying for this job, so
> have no conflict
> there.  I don't personally have any relationship
> with Commissioner Wood
> or anyone on his staff and would be surprised if
> they called me.  But if
> they do, I shall sing your praises.  Hope all is
> well with you.
>
> Tim
>
> -----Original Message-----
> From: Rob Gramlich [mailto:thegramlich4@yahoo.com]
> Sent: Wednesday, August 29, 2001 2:05 PM
> To: jim.steffes@enron.com; Dasovich, Jeff; Belden,
> Tim
> Subject: Chairman-to-be Wood's assistant
>
>
> Jim, Jeff, and Tim,
> I hope all is well.  I often wish I were on the
> Portland trading floor in that gov't affairs job but
> that's history and my family is here in DC where
> they
> correctly thought they belonged.  I'm writing
> because
> I just interviewed to be Pat Wood's technical
> advisor,
> one of FERC's top positions, and wanted to alert you
> that I mentioned you and your group as a reference.
> I
> hope that is ok; in my view we parted on good terms.
>
> He gave me the impression that I am very much in the
> running.  I don't know if Enron people are applying
> and don't want to compete with them.  But I think
> I'm
> generally on the same page with you on policy issues
> and I expect you would favor having more familiarity
> with markets and market-oriented policies on staff
> there.  Given your companies longstanding
> relationship
> with Wood I thought you might be consulted on this.
> If so, I am asking for your support.
> Thanks!
> Rob Gramlich
> 301-280-6195
>
> __________________________________________________
> Do You Yahoo!?
> Get email alerts & NEW webcam video instant
> messaging with Yahoo!
> Messenger
> http://im.yahoo.com
>
>
>
**********************************************************************
> 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.
>
**********************************************************************

__________________________________________________
Do You Yahoo!?
Get email alerts & NEW webcam video instant messaging with Yahoo! Messenger
http://im.yahoo.com


Carrie -

Attached is a final version of the NomLogic Annex.  I made the change that
you requested to the prior version.

Please let me know if there is anything further that you should need.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


Good Morning,

	The purpose of this e-mail is to inform you that a mandatory move from your current parking location is required due to the expiration of Enron's parking contract with the Metropolitan Garage as of 1/31/01.

	The Parking & Transportation Dept. is offering alternative parking in the Allen Center Garage for $99 per month. In order for us to make this a smooth transition for you, we are asking that you respond as soon as possible, so that you will have somewhere to park on Feb. 1, 2002. The Allen Center spaces will be on a first come - first serve basis. If you have any questions you can contact Parking & Transportation at x3-7060.


The following servers will be coming down, please click on the icon for more
details and scheduled times :

-------------------------------------------------------------

          SYSTEM OUTAGE NOTIFICATION

-------------------------------------------------------------

FOR:  PR1 - Apollo Production (SPR1DB01)

Outage Start: (CST) 10/22/2000 at 08:00:00 AM

Outage End: (CST) 10/22/2000 at 12:00:00 AM

Outage Abstract:  Install SAP Gateway on SPR1DB00

Outage Description: Please See Corrected Date!!!!   Outage Should be for
October 22, 2000
   THE SYSTEM WILL BE AVAILABLE ON AS PER NORMAL SCHEDULE
    ON OCTOBER 29th.

Outage Implication: PR1 will be unavailable for duration of outage.

Contact Name:Larry Harbuck   #:  888-676-8719  713-853-1844


Hello everyone:

A meeting has been scheduled between the addressees for Wednesday,
August 16th at 4:00PM in EB1938.

If you have any questions, please let me know.

Regards,

Shirley


Invest in your future. One of the characteristics of successful people
is that they take the time to increase their knowledge and enhance
their value to the organization.

For specific dates, hotels and other information, call
412-279-9298 or visit  http://www.pgsenergy.com/schedule.html

   1) Fundamentals of Energy & Electricity Futures, Options
       & Derivatives
   2) Fundamentals of Electric Power Trading
   3) Gas-to-Electricity Arbitrage & How to Maximize the
       Profitability of Electric Generation Assets
   4) Fundamentals of Statistical Analysis.
   5) How to Value Electric Generation Assets as Real Options
   6) Managing Weather Risk with Weather Derivatives

Please forward this information to any one you know who might
benefit from a better understanding of energy derivatives, weather
risk, gas-to-electricity arbitrage or electric power trading.

Save money by bringing a group of 4 or more. With a group
rate, your cost for our $1,295 seminars is reduced to $895 per
attendee-- a savings of $1,600 from our regular prices. The group
price for the $695 programs is $495.

John Adamiak
PGS Energy Training


Hey there!

Hope your having a good day.  Just got off the phone with Tammi....SHE
REMEMBERS!!!!

Conversation started off kind of dancing around the issue and then we ended
up just busting out laughing and ended the phone call still laughing.

Just thought I would let you know that and say hello!


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
05:06 PM ---------------------------

KhairuddinBMJaafar@petronas.com.my on 12/12/2000 12:45:38 AM
To: vkamins@ect.enron.com
cc:
Subject: Apology

Dear Sir,

I would like to apologize for the mistake in my previous email. Please find
the copy of the letter mentioned earlier in this email. Again,  I'm sorry
for the inconvenience.

Thank you.

Yours sincerely,

Khairuddin Jaafar

(See attached file: Enron.lwp)

 DISCLAIMER  : This e-mail and any files transmitted with it ("Message")
 is  intended  only  for the use of the recipient(s) named above and may
 contain  confidential  information.   You  are hereby notified that the
 taking  of  any action in reliance upon, or any review, retransmission,
 dissemination, distribution, printing or copying of this Message or any
 part thereof by anyone other than the intended recipient(s) is strictly
 prohibited.  If  you  have  received  this Message in error, you should
 delete this Message immediately and advise the sender by return e-mail.
 Opinions, conclusions and other information in this Message that do not
 relate  to  the official business of PETRONAS or its Group of Companies
 shall be understood as neither given nor endorsed by PETRONAS or any of
 the companies within the Group.

(Embedded image moved to file: pic25324.pcx)
 - Enron.lwp
 - pic25324.pcx


Yo baby whats up?  Thanks for hanging out with me on Monday night.  I had a
really good time (even if you were preoccupied with the Dave thing).  I hope
all is going well for you.  I am actually working a day shift which is pretty
cool because there is a lot less to do on the day shifts.  So, what do you
have going for the rest of the week?  I have a work function tonight.  One of
my friends is moving to the Calgary office so we are all going for beers at
the Lucky Lab in southeast.    I got a call from my date from hell.
Aparently I told her last week that we could grab a movie tonight.  I don't
want to go so I think I am just going to tell her that this work thing is
going to last too late.  Anyway how is your grandmother doing?   Are you
excited about your party this weekend?  I went and bought a couple dress
shirts and a tie for my christmas party at Nordstrom yesterday and ended up
spending $184 !  Just on two shirts and a tie.  I should just refrain from
even going to that store.  Check ya later sweetie!


Sally,

This is the reply from Kevin Sweeney regarding our inquiry for a London
employee to fill our Liquids position in my group.

Mike
---------------------- Forwarded by Michael E Moscoso/HOU/ECT on 04/17/2000
01:20 PM ---------------------------

Kevin Sweeney
04/14/2000 01:53 PM
To: Michael E Moscoso/HOU/ECT@ECT
cc: Tani Nath/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Tim
Poullain-Patterson/LON/ECT@ECT
Subject: Re: Position in Risk Controls

Mike,

The Global Products team met yesterday to discussing current staffing
issues.  We are going to be short London risk people with some of the current
changes that are taking place within the Global Products groups and really
wouldn't be able to consider someone until later this year maybe late Q4.

Please let me know if I can be of further assistance.

Kevin

	Enron Capital & Trade Resources Corp.

	From:  Michael E Moscoso                           04/14/2000 08:10 AM

To: Kevin Sweeney/HOU/ECT@ECT
cc:
Subject: Re: Position in Risk Controls

Kevin,

Any thoughts at this point?

Mike

Kevin Sweeney
04/12/2000 01:21 PM
To: Michael E Moscoso/HOU/ECT@ECT
cc: Scott Earnest/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Fernley
Dyson/LON/ECT@ECT
Subject: Re: Position in Risk Controls

Mike,

Scott Earnest, Tani Nath, Tim Poullain-Patterson, and myself are having a
discussion around staffing tomorrow, and will discuss your proposal as a part
of that.

I will let you know our thoughts post that meeting.

Kevin


Looks like this one is for me to review.  They will be sending these to all
of us so that whenever one of us is out, we can let the others know to
forward these on to whomever is appropriate.  We're supposed to get back to
them within 24 hours.

Dale Neuner on 11/05/99 11:38:39 AM
To: Mark Taylor/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT, David Forster/LON/ECT@ECT, Marcello
Romano/LON/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT
Subject: New Product Request

Attached below please find language suggested for use for a AECO Daily Price
Index for a Balance of Month transaction from Canada. I have reviewed the
suggested changes and validated  the pricing language against the Price
Source and consider it accurate.

Dale
3-9746

---------------------- Forwarded by Dale Neuner/HOU/ECT on 11/05/99 11:06 AM
---------------------------
From: Dianne Seib on 11/04/99 04:12 PM MST
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Daily Index Language

Dale,

Attached is the revised balance of the month product information.  In the
first paragraph, there is a line which needs to be deleted and I have
highlighted this line in red.  As well, the second paragraph has two minor
changes also highlighted in red.

If you have any questions, please let me know.  Otherwise I would appreciate
knowing when this is available so that I can advise Jon McKay.

I have asked Jon about the same day and weekend products and he said he
hasn't checked to see if they have been set up.  Once he has, he will let me
know and I will then let you know.

Thanks!

Dianne


Included is the updated model for the latest curve.  John - new volumes and
prices are on the tab "Financing Assumptions."  Pushkar, the nominal cash
flows are on the tab "Drawdown," Column J.  Sorry for the delay but my
computer had serious problems last night.  Thanks again and we will talk this
morning.

Mike


Kaye:

the attached "Enron forward" document below needs to be compared against the
"forward template" that you saved in my directory today (confirms/equity).  I
have an 11 a.m. meeting with Clint et al on Monday.  I'd like to have the
comparison before the meeting, if possible.  Please let me know if this is
possible.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/15/2000 05:48 PM -----

	"Franz, Philip" <pfranz@lehman.com>
	11/13/2000 09:39 AM

		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>,
"'clint.freeland@enron.com'" <clint.freeland@enron.com>
		 cc: "Rosica, Paul" <prosica@lehman.com>, "Karna, Angie" <AKarna@lehman.com>,
"Franz, Philip" <pfranz@lehman.com>
		 Subject: Enron Forward/Assignment confirms

Sara and Clint,
For your review per Paul...

 <<ENA.ENE.Assignment.11.13.00.doc>>

 <<Enron.forward.11.13.00.doc>>

 <<ENRON.ML.Assignment.11.13.00.doc>>

Regards,
Phil

Phil Franz
Transaction Management/Equity Derivatives
Lehman Brothers
(212)526-8482
pfranz@lehman.com
> This message is intended only for the personal and confidential use of the
> designated recipient(s) named above.  If you are not the intended
> recipient of this message you are hereby notified that any review,
> dissemination, distribution or copying of this message is strictly
> prohibited.  This communication is for information purposes only and
> should not be regarded as an offer to sell or as a solicitation of an
> offer to buy any financial product, an official confirmation of any
> transaction, or as an official statement of Lehman Brothers Inc., its
> subsidiaries or affiliates.  Email transmission cannot be guaranteed to be
> secure or error-free.  Therefore, we do not represent that this
> information is complete or accurate and it should not be relied upon as
> such.  All information is subject to change without notice.
>

 - ENA.ENE.Assignment.11.13.00.doc
 - Enron.forward.11.13.00.doc
 - ENRON.ML.Assignment.11.13.00.doc


good analysis-- maybe you should consider a new career as an ESPN sports commentator.  Who knows, it might pay pretty good.

thanks
kh

 -----Original Message-----
From: 	Brand, Mark
Sent:	Tuesday, November 27, 2001 6:50 AM
To:	Rick "The Big Unit" Krejci (E-mail); Hyatt, Kevin
Subject:	Stranger things have happened...
Importance:	High

OK, for the Husker fans out there, in a time when I know you need a boost in morale after the fiasco in Boulder Saturday...

Check this out...

First, below is the current Bowl Championship Standings for this week...

http://espn.go.com/abcsports/bcs/rankings_full/index.html

Talk about respect for Nebraska.  Even after a 62-36 shellacking, they only fell to #4 in the BCS standings.  Below are the possibilities for each team in the top 6...

http://espn.go.com/ncf/s/2001/1119/1280619.html

So, you would think that would mean...   if two of the teams ahead of you lose this weekend, you guys would be in the championship game.  By comparison, Texas needs both Miami and Florida to lose to make it to the game, because of strength of schedule, quality wins, etc.

So, let's take that theory one step further...

1)  If both Miami and Florida lose you would think that would pit Nebraska and Texas against each other in the Rose Bowl.  Wow, a Big 12 National Championship!

2)  Texas still has to beat Colorado.  If Texas loses and one of the two top teams loses, it would seem like you guys are in as well.

But you know the computers will come up with some cockemamy calculation that won't make any sense.

In closing, consider the following facts regarding this weekend's games...

Miami could lose their last game away at dangerous Va. Tech.  A win over the 'Canes would make the season for the Hokies (see Oklahoma State).  Remember that Va. Tech was a top 5 team at one point this year and they are playing at home.   Also...  Miami has lost 5 out of the last 6 to Va. Tech!
Florida could lose to Tennessee -or- if they beat the 'Vols, they could lose to what appears will be a very dangerous LSU team in the SEC championship.
On the flip side - Tennessee could lose to Florida -or- if they beat the Gators, could end up against that same LSU team.
Lastly, there is the Jekyl & Hide longhorns playing against the Jekyl & Hide buffalos.

Hey...   stranger things have happened.  The possibilities are endless, as they say at 1400 Smith (at least for now).  Of course, that may be a dangerous correlation.

Mark


Tanya,

Here it is.

Ludmila Kaminski
Escondido Village, 32B
Stanford University, CA 94305

Phone: (650) 497 6938
       (650) 465 9415 (cell)

Vince

Tanya Tamarchenko
10/13/2000 09:12 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: your wife's coordinates in Stanford

Vince,
I am looking forward to meet your wife and son in Stanford.
Would you send me their coordinates?

Tanya.


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                NOVEMBER 27, 2001

Notice ID: 3286
5 - NO RESPONSE REQUIRED

SUBJECT:  TCO - DECEMBER 1, 2001 RETAINAGE RATE
          (FUEL AND UNACCOUNTED FOR VOLUMES)

Columbia Gas Transmission has filed for a reduction in the following retainage
rate (fuel and unaccounted for volumes) effective December 1, 2001.

Transportation Retainage Rate     2.447%

Although FERC has not taken any action on the filing, we anticipate receiving
approval.

Please make the appropriate adjustments to your December 1, 2001 nominations.

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


Severin:

Good talking to you.  Thanks for taking time out to have lunch with Federico.  I'll be accompanying him.  See you at around 11:45 on Friday.  I'll forward to you shortly some brief information that Federico put together about himself  in advance of his trip to the US.

Best,
Jeff

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


Yes.

	Mike D Smith@EES
	03/05/2001 06:02 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Confirmation:  Internal and UC/CSU Client Call, Tuesday, 3/6/01

Jeff--it would be great if you could be on the internal call tomorrow at 2 to
help us think through legislative issues, including AB X 27.  Any chance we
can get a spot of your time?
---------------------- Forwarded by Mike D Smith/HOU/EES on 03/05/2001 06:01
PM ---------------------------
From: Michele Curtis/Western Region/The Bentley Company@Exchange on
03/05/2001 05:40 PM
To: Mike D Smith/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Tom Riley/Western Region/The Bentley Company@Exchange,
Dan Leff/HOU/EES@EES, Neil Bresnan/HOU/EES@EES
cc: Rosalinda Tijerina/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Iris Waser/HOU/EES@EES
Subject: Confirmation:  Internal and UC/CSU Client Call, Tuesday, 3/6/01

This is to confirm the following two conference calls scheduled for tomorrow,
Tuesday, 3/6/01.

? Pre-Client Internal Conference Call - 2:00pm - 3:00pm PST (4:00pm - 5:00pm
CST and 10:00pm - 11:00pm London time)
Domestic Call in number:  888-329-7124
Passcode for both domestic and international:  56459
International Call in number:  212-547-0176
Confirmation #3315522

? UC/CSU Client Call - 3:00pm PST (5:00pm CST and 11:00pm London Time)
Domestic Call in number:  888-329-7124
Passcode for both domestic and international:  28464
International Call in number:  712-257-3072
Confirmation #3315412

Please call if you have any questions.
Michele
925-543-3716


At the request of David Forster, I am attaching our proposed form of
Non-Disclosure Agreement.   Could you please confirm that we have the correct
name of the company.  If the enclosed meets with your approval, please
execute the agreement and return it to me via fax no. (713) 646-3490.  I will
then have it executed by Enron.  If you have any comments or questions please
call Mark Greenberg, Senior Counsel, at (713) 345-8897 or me at (713)
853-3399.  We look forward to hearing from you.


Attached is an updated file summarizing the action plan for completing Energy
OP's showstopper reports.  If you are responsible for an action item, please
keep me updated on your progress so that I can reflect it in the report
properly.  Thanks in advance for your help.

Let me know if you have any questions.

Thanks,

Rainier


Jennifer,

I spoke w/Jenny Rub about almost every BMC/EBS issue, except for this one.  I
did not know about the issue which Bruce Smith has sent (blue text, below) to
Jenny and Bob McAuliffe.  When I spoke w/Jenny, I was unaware of BMC's
retraction.  It is new news to me, and at the very least, doesn't seem very
"customer-focused" on BMC's part.  I certainly agree w/Bruce's statement to
the effect that BMC needs to meet w/Philippe about their pricing!

JKY

----- Forwarded by Jeff Youngflesh/NA/Enron on 12/14/2000 04:39 PM -----

	Jenny Rub
	12/14/2000 04:21 PM

		 To: Jeff Youngflesh/NA/Enron@ENRON
		 cc:
		 Subject: FW: BMC DEAL --- UPDATE

----- Forwarded by Jenny Rub/Corp/Enron on 12/14/2000 04:21 PM -----

	Bruce Smith/ENRON@enronXgate
	12/14/2000 02:50 PM

		 To: Bob McAuliffe/ENRON@enronXgate, Jenny Rub/Corp/Enron@Enron
		 cc:
		 Subject: FW: BMC DEAL --- UPDATE

Not that it matters but wanted you to know:
BMC rep left message recanting the fact that we would still have the 45 %
discount if SAP modules were purchased at some other time.  He states now
that if not purchased now the discount would only be 10-20 % range at a later
date.

Bruce

 -----Original Message-----
From:  Smith, Bruce
Sent: Wednesday, December 13, 2000 8:35 PM
To: McAuliffe, Bob; Rub, Jenny
Cc: Robinson, Larry
Subject: BMC DEAL
Importance: High

Jenny/Bob

Per the BMC deal, here is where we are with Batch Processing:

TidalSoft, Sysadmiral
Approx.  90 k  ( current quote covers us and GPG and does not include SAP )
We have added a couple of pieces to this and it could bring the cost to 125 k
worst case.  This quote covers consulting and maintenance.  They are trying
very hard to get a deal done this year  and we could probably get our
additional components at the current quote price if we signed.

BMC, Control -M
Approx. 325 k   This is after we remove the SAP modules and components from
the quote. Quote that was sent over from Jeff Youngflesh (Enron GSS) was for
a total of 628 k

Hardware for either product is approx. 300 k.

We have conferred with the SAP team and they are not desperate for us to take
over their scheduling but think it is a good idea to include them in our long
term strategy. They actually do not recommend either of these product's SAP
modules and mentioned a third party product (Autosys) that has connectors
into BMC.  We are not sure at this point about a connector into TidalSoft
(Larry if you have info on this please comment).

Larry's and his team have eval'd both products and although they are leaning
towards Sysadmiral they are satisfied that both products are acceptable.  You
guys make the call as to whether the additional 200 k is worth the weight it
will lend to the EBS/BMC deal.  FYI - BMC rep said that we still get 45%
discount if we cut the SAP modules.  BMC needs to sit down with PB and learn
how over priced their products are !

Let me know what you think.  If we go TidalSoft I need to push this through
or be advised to let it go till the New Year.

Thanks
Bruce

*****
Also in Quote sent over from Youngflesh :
BMC, Control SA
1.3 M     NOT EVALUATED AT THIS TIME  - Is a candidate for future
consideration for the Security Admin space but not enough info to speculate
as to whether to try and leverage current deal with EBS.   I guess they put
this quote together from info they received from Henry Moreno


Marie,

Forgot to send this to you also.

-----Original Message-----
From: Doukas, Tom
Sent: Tuesday, October 02, 2001 10:45 AM
To: Shackleton, Sara
Subject: FW: services agreement

This is the primebroker agreement that we need to fill out for CSFB.  They are holding two trades hostage so this is a priority for us.  Please let me know if you require any further information.

Tom

-----Original Message-----
From: Keneally, Kelly [mailto:kelly.keneally@csfb.com]
Sent: Tuesday, October 02, 2001 10:34 AM
To: Doukas, Tom
Subject: FW: services agreement

>  -----Original Message-----
> From: 	Ramirez, Jonathan
> Sent:	Thursday, August 09, 2001 11:13 AM
> To:	Keneally, Kelly
> Subject:	services agreement
>
>  <<primebrokerage.pdf>>

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
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Title: The Middle East  and US Policy: Notes on October 10, 2001, CERA Client Call
URL(s):

http://www20.cera.com/eprofile?u=35&m=2738;

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

THE MIDDLE  EAST AND US POLICY: NOTES ON  OCTOBER 10, 2001, CERA CLIENT CALL

This Alert is a brief summary of the Global Energy Conference call that CERA
held on October 10, 2001. The speakers were Vera de Ladoucette, Director of
Middle East Research, and James Placke, CERA Senior Associate.

*  Vera de Ladoucette addressed the political dynamics of the Middle East, by
country, in the wake of the September 11 terrorist attacks.

*  James Placke discussed a perspective on the US agenda for the war on
terrorism and outlined US goals and key elements of US strategic options.

**end**

Follow above URL for complete Alert (3 printed pages).

E-mail Category: Alert
CERA Knowledge Area(s): Global Energy

***********************************************************************
***********************************************************************
On September 17, CERA Chairman, Daniel Yergin, led a Global
Client Conference Call discussion on the potential economic
and energy industry fallout from the recent terrorist attacks
on New York and Washington DC.

The playback of this conference call is now available at on the
web at http://www.cera.com/highlights/teleconf_20010917/
or via telephone at: 1-888-203-1112 (within the United States)
or 719-457-0820 (outside the United States). Please use
confirmation number 784004 to access the call playback.
The playback is available until October 17, 2001.
***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

To make changes to your cera.com profile go to:
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This electronic message and attachments, if any, contain information
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Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/06/2000
01:34 PM ---------------------------

	Enron North America Corp.

	From:  Brad Blevins                           11/03/2000 12:31 PM

To: Mike McConnell/HOU/ECT@ECT, Andy Unverzagt/Enron Communications@Enron
Communications, "Arlen K. Honts" <ahonts@gardner-webb.edu>, "Jerry Jacobs"
<jjacobs@kfbctx.org> @ ENRON, Patrick Wade/HOU/ECT@ECT, Mark.boren@vantico.com
cc:
Subject: Bob Stoops

Oh this is just too good!

---------------------- Forwarded by Brad Blevins/HOU/ECT on 11/03/2000 12:29
PM ---------------------------

Kathleen M Blevins <kmblobo@juno.com> on 11/02/2000 06:00:38 PM
To: Brad.Blevins@enron.com, DBlev07534@aol.com, OUTX@aol.com,
Perry.L.Blevins@norwest.com, LCSteins@aol.com
cc:
Subject: Bob Stoops

> Three college football coaches were flying across the country when
their
> airplane crashed and all three died. They all noticed God up in the
clouds
> sitting in a chair. God motioned for one of them to come into the
clouds.
>
> God wanted to know three things: "Who are you? What did you do? What
did
> people
> think of you?"
>
> The first coach said, "I'm Joe Paterno. I coached Penn State from 1966
to
> 2000. I won 300 games, 19 bowl victories, 2 national championships, and
won
> Coach of the Year 4 times. The people of Pennsylvania think I'm great."
>
> God said, "Fine, Joe, stand at my right side."
>
> The next person said, "I'm Bobby Bowden. I coached Florida State
University
> from 1980 to 2000. I had a .816 win percentage, played in 14 bowl games
> without a loss and won a national championship after beating Nebraska.
The
> people of Florida think I'm great."
>
> God said, "Fine, Bobby, stand at my left side."
>
> The third coach stood before God and said, "I'm Bob Stoops. I took over
a
> storied Oklahoma program that had won 6 national championships and held
many
> NCAA records but had fallen to the lowest of the low. In the 3 years
prior
to
> me taking over the Sooners they went 3-8 (worst season in 102 years of
> football), 4-8, and 5-6, beating Texas only once and not beating
Colorado
or
> Nebraska, not to mention losing to OSU. I coached the Sooners for a
season
> and a half, going 7-5 in my first year beating a top-15 Texas A&M with
my
> unranked team and taking the Sooners to a bowl game. 7 games into my
second
> season we were undefeated and I took the Sooners to #1 in the AP poll,
> Coaches poll, and BCS poll. We beat #10 Texas 63-14, #2 Kansas State in
> Manhattan 41-31, and #1 Nebraska 31-14. Our quarterback was the
frontrunner
> for the Heisman trophy, we were in the driver's seat for the
> national championship, AND the people of Oklahoma think you are sitting
in
my
> chair."
>
>
>

________________________________________________________________
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-----Original Message-----
From: 	Dickson, Stacy E.
Sent:	Friday, November 16, 2001 12:05 PM
To:	'fletcjv@NU.com'
Cc:	Vickers, Frank; Hodge, Jeffrey T.; Jones, David
Subject:	Documents

Mr Fletcher:
Per the request of David Jones, attached please find a revised version of the Master Firm Purchase/Sale Agreement between Enron North America Corp. and Yankee Gas Serives Company with incorporates your comments.  Also attached is a letter amending the Letter of Understanding which moves the deadline for entering into definitive agreements to December 3, 2001.  Please secure execution of the letter and return to Jeff Hodge at fax number (713) 646-3490.  He will secure execution on behalf of ENA and fax you the letter.  Should you have any questions, please page me at (713) 761-4336.

Stacy Dickson Granmayeh
Senior Counsel
Enron North America Corp.
1400 Smith Street, EB 3879
Houston, Texas  77002

Phone (713) 853-5705
Fax (713) 646-3490
Stacy.E.Dickson@enron.com


Everything About Enron's Insurance Programs

That You Were Afraid To Ask

(or Didn't  Know to Ask)

Presented by
David Marshall
Enron Corporate Risk Management

Thursday, January 11, 2001
11:30 - 1:00

The Houston Room
601 Jefferson
(We've reserved the Enron Shuttle to transport the "non-walkers")

Lunch will be served.  Please RSVP to Pat Radford at 39282.

One of the goals of Jeff Hodge and Barbara Gray is to increase the level of
departmental information sharing activities.  Since we are faced on a daily
basis with insurance matters in contract drafting and client advising, the
East/Upstream Origination and Trading Group felt it would be productive to
have Enron's Corporate Risk Management Group give a presentation on current
Enron Insurance Programs, policies and contractual risk allocation
preferences.  It then occured to us that this subject might be of interest to
all of the lawyers on the 38th floor.   Please join us next Thursday.

Sorry for the inconvenient location.  We'll make it worth your while with the
quality of the food and the presentation.


Shirley:  We've also been in touch with Frank.  He wasn't going to receive
his class schedule until yesterday, so we will follow up today and find a
mutually convenient date.

Molly

Shirley Crenshaw
01/16/2001 09:51 AM
To: Molly Magee/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Kevin Kindall/Corp/Enron@ENRON, Bob
Lee/NA/Enron@Enron
Subject: Re: Qian (Frank) Feng Interview with the Research Group

Hi Molly:

I guess it is time to try and schedule Frank's interview.  We would like to
bring him in sometime around the first of February (when Krishna returns).

Please contact him and see what a good time for him would be.

Attached is his resume and Interview Request form.

 - enron_resume.doc

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/16/2001
09:42 AM ---------------------------

	Enron North America Corp.

	From:  Molly Magee                           12/20/2000 05:35 PM

To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Re: Qian (Frank) Feng Interview with the Research Group

You, too, Shirley.   We'll be back in touch.

Molly

Shirley Crenshaw
12/20/2000 02:07 PM
To: Cheryl Arguijo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Molly
Magee/HOU/ECT@ECT
cc:
Subject: Qian (Frank) Feng Interview with the Research Group

Hello Molly and Cheryl:

Attached is Frank's resume.  We still have quite a bit of time as we want to
schedule this for after Krishna returns on the 25th of January.

This position would be for the Research Group directly, and would include
all of Vince's direct reports.

Thanks and MERRY CHRISTMAS AND HAPPY NEW YEAR!!


?
 - 05_09_01ON.xls


For those newcomers (and a reminder to the old timers),  there is a
departmental scanner is in cubicle no EB3884 which is adjacent from my
cubicle.  It has a good OCR progam, OmniPage Pro 10, for text scanning.
Please feel free to utilize the equipment and if you need assistance  feel
free to contact me--I'm right next door.

Best regards,
Taffy Milligan  X57373