CEO Taps Duo To Help Him Manage Enron
The Wall Street Journal, 08/29/01
Two Are Promoted as Enron Seeks Executive Stability
The New York Times, 08/29/01
COMPANIES & FINANCE INTERNATIONAL - Enron chief appoints heirs to the throne.
Financial Times, 08/29/01
Enron Promotes 2 Execs to Office of Chairman
Los Angeles Times, 08/29/01
Two Top Executives Named to Join Enron's Office of Chairman
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas, 08/29/01
World Watch
The Wall Street Journal, 08/29/01
INDIA PRESS: BSES Eyes Enron's Stake In Dabhol Power Co
Dow Jones International News, 08/29/01
FIs planning out-of-court settlement in Enron project
The Times of India, 08/29/01
INDIA PRESS:BG May Buy Enron's Stake In Oil, Gas Fields
Dow Jones International News, 08/28/01
Pooling Point Oper Names New CEO, Part Of Strategy Change
Dow Jones Energy Service, 08/28/01
USA: INTERVIEW-Enron still seeks opportunities beyond gas/power.
Reuters English News Service, 08/28/01

CEO Taps Duo To Help Him Manage Enron
By Rebecca Smith
Staff Reporter of The Wall Street Journal

08/29/2001
The Wall Street Journal
A4
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Two weeks after his hand-picked successor quit, Enron Corp. Chairman Kenneth Lay tapped two veteran managers from Enron's wholesale-services unit to help him run the energy company.
Mark Frevert, 46 years old, was named vice chairman and Greg Whalley, 39, was named president and chief operating officer. Mr. Lay, who has extended his employment contract by two years through 2005 after the surprise departure of Jeffrey Skilling, said he will remain chief executive for at least four more years while he works to restore the company's sagging stock price.
Mr. Frevert and Mr. Whalley were traveling yesterday and couldn't be reached for comment. But Mr. Lay said he picked the pair because "they're very capable leaders with a lot of experience throughout the company."
Mr. Frevert is one of only a handful of people who have been at Enron, Houston, since its creation in 1986. Prior to that, he worked in strategic planning at Houston Natural Gas when Mr. Lay was its chairman. Most recently, Mr. Frevert headed Enron's wholesale-services unit, which is the primary driver of its earnings and has been instrumental in a strong push into energy marketing and trading activities in Europe.
The wholesale-services unit is responsible for commodities trading and the management of Enron's unregulated power-generating assets.
In its second-quarter earnings, Enron said natural-gas volumes doubled and electricity sales grew fivefold in Europe from the second quarter of 2000. Europe now accounts for one-quarter of Enron's total trading volume. The company doesn't currently disclose the percentage of earnings attributable to Europe, but Mr. Lay said "this may be something we'll be doing by year end," in keeping with his emphasis on releasing more detailed financial information.
Mr. Whalley, who has worked at Enron since 1992, most recently was president and chief operating officer of Enron's wholesale-services unit. Before that, he was completing graduate work at Stanford University and served as a U.S. Army officer.
Mr. Whalley was partly responsible for Enron's Internet-based trading platform, Enron Online, and served as its "senior sponsor" within the corporation. "Greg is a strong proponent of technology to gain a competitive advantage," said Mr. Lay.
Analysts believed the pair of managers were front-runners. But Mr. Lay said there's no guarantee either will succeed him as chief executive. "Either could be CEO, but there are three or four others" that are in the running as well, he said. "They need to become more familiar to the financial community. We're in no hurry."

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business/Financial Desk; Section C
Two Are Promoted as Enron Seeks Executive Stability
By RICHARD A. OPPEL Jr.

08/29/2001
The New York Times
Page 2, Column 1
c. 2001 New York Times Company

DALLAS, Aug. 28 -- With its stock still suffering after the unexpected departure of its chief executive, the Enron Corporation today promoted a top official in its core energy-trading business to be the company's No. 2 executive as it begins finding new leadership.
Greg Whalley, 39, was named president and chief operating officer. Also, the company promoted Mark A. Frevert, 46, to vice chairman. Both will join Kenneth L. Lay, the chairman and chief executive, in an office of the chairman.
The moves come two weeks after Jeffrey K. Skilling, a longtime protege of Mr. Lay who was the architect of Enron's wholesale energy-trading business, quit unexpectedly after just six months as chief executive. Mr. Lay, 59, has reassumed the role of chief executive and has extended his commitment to stay at the company until the end of 2005.
Mr. Skilling's departure, which he said was for ''purely personal'' reasons that he would not disclose, stunned investors, and the company's shares fell 14 percent in the next two days. In trading today, shares of Enron rose 40 cents, to $38.16, after peaking at $90 a year ago.
Mr. Whalley was president and chief operating officer of Enron Wholesale Services, the energy-trading unit that provides most of the company's operating income and revenue. A former officer in the Army, Mr. Whalley joined the company in 1992. He will ''be somewhat more kind of the operations person on a day-to-day basis,'' Mr. Lay said in an interview.
Mr. Frevert was previously Mr. Whalley's boss as chairman and chief executive of Enron Wholesale Services. He started with a predecessor company to Enron, Houston Natural Gas, in 1984, and is completing a doctorate in economics from Rice University.
The announcement today clearly makes the two men, in particular Mr. Whalley, leading candidates to become chief executive, but Mr. Lay asserted that others at Enron, whom he declined to identify, were also potential successors.
''Obviously, these would be two of the people on the list,'' Mr. Lay said, but he said others include ''various people depending on how they do the next two to three years.'' Finding a new chief executive, however, may take as long as four or five years, he said. ''The main thing I need to convey is that I and the board are not in a big hurry on that.''
In the interview, Mr. Lay said no one from Enron's board ever voiced disapproval of Mr. Skilling or in any way played a role in his departure, and Mr. Lay said that on several occasions he had asked Mr. Skilling to reconsider his decision to leave. He also said Mr. Skilling's personal reasons for leaving, while not health related, were ''things with fairly short time fuses on them'' and were ''something he can't wait two or three years to address.''
An immediate test for both Mr. Whalley and Mr. Frevert will be winning the respect and confidence of investors after the sharp slide in Enron shares this year as analysts questioned whether the company can continue to improve earnings as prices for natural gas and electricity -- its two biggest products -- have declined. The stock has also been hit by fallout from a number of missteps, including the troubled Dabhol power plant project in India and an expensive and unprofitable foray into trading telecommunications bandwidth.
Andre Meade, head of United States utilities research at Commerzbank Securities, said a chief problem was that energy trading and marketing account for a far bigger part of Enron's market capitalization than they do at other unregulated energy companies, but Enron's financial disclosures largely do not break down this business to show the profitability of different products and different regions.
''All that is compressed into one set of numbers, and it's really hard for analysts to determine where they are making money in a given quarter and where they are losing money,'' Mr. Meade said.
He added that Enron's having so much of its market capitalization tied up in a business that is so difficult for investors to understand ''is really disconcerting.''
Neither Mr. Whalley nor Mr. Frevert were available for comment, an Enron spokesman said. In the interview today, Mr. Lay, reiterating comments made to The Wall Street Journal, said he would try to make Enron's financials and business model more easily understood to investors.
''Analysts have expressed some concerns about that, and we're addressing those concerns,'' he said, though he added that ''they'll probably never get all the information they want.'' Enron will break out more information on business segments and geographic results, he said, but he also said the company would probably not provide profit and loss numbers for natural gas and electricity -- by far the biggest products it trades.
He also confirmed that Enron has ''unwound'' a series of complex deals it had entered into with partnerships that included Enron's chief financial officer, Andrew Fastow. The transactions had been done for hedging and tax reasons, he said.
Enron's financial statements include other complex transactions. For example, the most recent 10-K states that Enron might be required to issue new shares of common stock if the price falls below levels ranging from $28.20 to $55 because of ''certain financial contracts.'' Enron's stock has been below $55 for the last three months, but the company has not had to issue shares, a spokesman said. Enron may end up not having to issue any shares, he said, and any that are issued are already accounted for in diluted earnings per share.

Photo: Greg Whalley was named president and chief operating officer. He joined Enron in 1992. (Bloomberg News)
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

COMPANIES & FINANCE INTERNATIONAL - Enron chief appoints heirs to the throne.
By SHEILA MCNULTY.

08/29/2001
Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

Kenneth Lay, head of US energy giant Enron, took the first step toward replacing Jeffrey Skilling as chief executive with the appointments yesterday of two senior executives to the chairman's office.
Mr Lay chose Greg Whalley, president and chief operating officer of Enron Wholesale Services, and Mark Frevert, chairman and chief executive of Enron Wholesale Services, from his shortlist of five candidates.
He has said the men chosen would be in the running for chief executive once he steps down, although he would continue to consider other executives who show potential.
In line with their appointments, Mr Whalley has been promoted to president and chief operating officer of Enron, while Mr Frevert has been promoted to vice-chairman of the company.
"In addition to having led Enron Wholesale Services, they have a collective 26 years of extensive experience across Enron's businesses and both played key roles in increasing our deliveries of energy and other commodities in North America and Europe," Mr Lay said.
Mr Whalley, 39, holds a bachelor's degree from the United States Military Academy and an MBA from the Stanford Graduate School of Business.
His fellow appointee, Mr Frevert, 46, has a bachelor's degree in economics from Albion College in Michigan. He has completed all the requirements except the final dissertation for a PhD in economics from Rice University.
Mr Lay plans to take his time to ensure he has the right person for the job and told the Financial Times last week that he has agreed to stay on as chief executive until at least the end of 2005, and would stay even longer if needed.
His predecessor, Mr Skilling, left after just six months in the job, citing personal reasons. His exit, following the departures of several other executives, has left analysts wondering about the remaining depth of talent at the company.
Mr Lay said Enron's senior management committee of 25 executives has an average age of 41 and an average tenure of 11 years.
"You've got some that have 15 to 20 years service, and you've got others that have six or seven, but I think they are a very experienced team and very capable of continuing to lead this company."
(c) Copyright Financial Times Ltd. All rights reserved.
http://www.ft.com.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Business; Financial Desk
Enron Promotes 2 Execs to Office of Chairman
From Bloomberg News

08/29/2001
Los Angeles Times
Home Edition
C-3
Copyright 2001 / The Times Mirror Company

HOUSTON -- Enron Corp., the largest energy trader, on Tuesday promoted Greg Whalley and Mark Frevert to the office of the chairman, making them the top candidates for the chief executive's job Jeffrey Skilling left two weeks ago.
Whalley, 39, was named president and chief operating officer. He had held those titles at Enron Wholesale Services, the energy- and commodity-trading unit that brings in most of Enron's revenue. Frevert, 46, was chairman and chief executive of Wholesale Services. He was named vice chairman.
Chairman Kenneth Lay said the two executives will help run the company while he selects Skilling's successor.
Investors pushed Enron's shares down more than 14% in the two days after Skilling quit.
Lay wasn't more specific about the two men's assignments.
"They'll be looking at all of the businesses--the wholesale unit, government affairs. Anything that affects Enron," Lay said.
Shares of Enron rose 40 cents to close at $38.16 on the New York Stock Exchange. They have plunged 56% in the last year as Enron's plan to trade space on telecommunications networks collapsed along with the fortunes of Internet companies, and investors questioned whether Enron can continue to post huge gains in energy-trading sales and profit.
Skilling helped Lay transform Enron from a natural-gas pipeline company into the top competitor in energy trading. Before Tuesday, they were the only executives in the office of the chairman.
Skilling became chief executive in February as Lay, 59, held on to the chairman's title. Skilling said Aug. 14 he quit for personal and family reasons, though he later said worry caused by the recent stock price decline contributed to his decision. Lay, who has taken over as chief executive, has had his employment contract extended to 2005.
Lay has been meeting investors and analysts to calm fears the firm may be hiding bad financial news, and that he will have a difficult time finding a new chief executive.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Two Top Executives Named to Join Enron's Office of Chairman
Laura Goldberg

08/29/2001
KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World Reporter (TM)

Enron Corp. named the two men in charge of its wholesale business Tuesday to join Ken Lay in the office of the chairman.
Both are considered candidates to take over the chief executive officer's role, which Lay, Enron's chairman, reclaimed two weeks ago when Jeff Skilling unexpectedly resigned.
Greg Whalley, 39, president and chief operating officer of Enron Wholesale Services, was named president and chief operating officer of the company.
Mark Frevert, 46, chairman and chief executive officer of Enron Wholesale Services, was named vice chairman of Enron.
The wholesale business, which includes marketing and trading of energy and other commodities such as metals, is Enron's core operation and main profit driver.
For the first six months of 2001, wholesale services brought in nearly $97 billion in revenues. Enron itself reported $100.2 billion in revenues for the first half of the year.
Both Whalley and Frevert played key roles in boosting the company's deliveries of energy and other commodities in North America and Europe, Lay said.
"They share a number of things in common," Lay said. "They are good leaders."
The two will work with Lay in the chairman's office to run the company and set its strategy.
Both were traveling on business for Enron Tuesday and not available for comment.
Tuesday's announcement was set in motion when Skilling surprised Wall Street by saying he was stepping down for personal and family reasons after only six months in the chief executive's job.
Lay stressed it's not automatic that Whalley or Frevert would eventually take over as chief executive. A few other Enron executives are potential CEO candidates.
"These are the two best-qualified candidates right now to work with me in running Enron," Lay said. "Time will tell whether these two or one of a few other people will become the CEO to replace me someday."
It could take two to four years before a replacement is ready, and Lay pledged to remain at the helm until then.
At the end of regular trading, shares in Enron closed up 40 cents at $38.16.
Andre Meade, an analyst who follows Enron at at Commerzbank Securities, who follows Enron, said the announcement contained no surprises, "which is a good thing."
"They are two senior managers that had significant roles in the real growth businesses at Enron, which are the wholesale businesses both in the U.S. and Europe," Meade said.
Whalley, who joined Enron in 1992, has a bachelor's degree from the U.S. Military Academy in West Point, N.Y., and an MBA from Stanford University's Graduate School of Business.
His past Enron jobs include heading the European commodity merchant business, chief executive of global risk management and chief executive of Enron North America.
Frevert, who joined Enron predecessor Houston Natural Gas in 1984, has a bachelor's degree in economics from Albion College in Michigan. He must finish his final dissertation to get a Ph.D. in economics from Rice University.
Frevert was in charge of both North American natural gas marketing activities and international energy service operations. He also was chief executive of Enron Europe.
Lay doesn't plan to name replacements for Whalley and Frevert to head up the wholesale operation. Instead, to streamline, the individual wholesale business segments will report to the office of the chairman.
Other organizational fine-tuning is expected.
Enron's stock traded as high as $82 at the end of January and was later battered for a number of reasons, including the collapse of the company's broadband business, fallout from California's energy crisis and continuing disputes surrounding a power plant project in India.
Investors and analysts also have been asking Enron to release more detailed financial information -- something Lay recently said he would do.
"The core thing that Ken Lay needs to do is restore some confidence in the story," Meade said, including following through with data disclosure.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

International
World Watch
Compiled by David I. Oyama

08/29/2001
The Wall Street Journal
A6
(Copyright (c) 2001, Dow Jones & Company, Inc.)

ASIA/PACIFIC
Indian Lenders Consider Dabhol Buyout
Indian lenders are considering a way of buying out U.S. energy company Enron's 65% stake in the controversy-torn $2.9 billion power project of its Dabhol Power unit in India, a person in the banking industry said. The Indian lenders, who have a total exposure of about $1.4 billion, are discussing forming a special-purpose vehicle to buy the Dabhol plant, he said, adding that a decision on whether to pursue that option is expected in the next few days.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA PRESS: BSES Eyes Enron's Stake In Dabhol Power Co

08/29/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- India's BSES Ltd. (P.BSX) is eyeing Enron Corp.'s (ENE) controlling stake in Dabhol Power Co., reports the Business Standard.
"The capital cost of the (Dabhol) project has to be brought down. The fuel cost too has to be decreased and delinked from the dollar. These are the fundamental issues which need to be sorted out before prudent investors can touch the project," the newspaper quotes BSES Chairman and Managing Director R.V. Shahi as saying.
When asked by the newspaper whether these prudent investors included BSES, Shahi said: "Yes."
Shahi said, there was no question of touching Enron's DPC stake under the present project structure. The "excessive" capital cost of the $2.9 billion Dabhol project and the high cost of dollar-denominated fuel have resulted in unaffordable power tariffs for consumer. A complete financial reengineering will have to be done before the project becomes viable, he added.
Web site: www.business-standard.com

-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426; himendra.kumar@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

FIs planning out-of-court settlement in Enron project
Baiju Kalesh

08/29/2001
The Times of India
Copyright (C) 2001 The Times of India; Source: World Reporter (TM)

MUMBAI: Domestic FIs are planning to have an out-of-court settlement between Enron and MSEB on various issues as part of their exercise to complete the second phase of the project.
The FIs have initiated this exercise due to the apprehension of funds availability in the current escrow account, especially since the loan repayment to the institutions is due in September and the pre-termination notice from Enron is applicable from November.
The interest payments for the loans will dry up by September and Enron will not be able to service either the interest or the principal since the first phase has been shut down due to differences over the PPA between MSEB and the US utility major.
"Currently we are not looking at any buyer for the project, but finding ways to complete and run it," a senior FI official familiar with the negotiations said. "An early solution for Enron is to find a buyer who is acceptable to us, since they wanted to quit India," he added.
Enron has valued the equity of the project at $ 1.1 billion.
A senior level committee with representatives from IDBI, ICICI Ltd, SBI and IFCI has been set up to ink an action plans to resolve the imbroglio.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA PRESS:BG May Buy Enron's Stake In Oil, Gas Fields

08/28/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Enron Corp. (ENE) is believed to have accepted an offer of $340 million from British Gas for the sale of its 30% stake in India's Panna, Mukta and Tapti oil and natural gas fields, reports The Financial Express, citing unnamed sources.
Both Enron India and British Gas spokesmen declined to comment when approached by the newspaper, the report says.
The Panna-Mukta-Tapti oil and gas fields currently produce around 300 million cubic meters of gas and about 29,000 barrels a day of crude oil, the report added.
Web site: http://www.financialexpress.com
-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426; himendra.kumar@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Pooling Point Oper Names New CEO, Part Of Strategy Change
By Erwin Seba
Of DOW JONES NEWSWIRES

08/28/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- A company founded on the promise of bandwidth trading two years ago named a new chief executive Tuesday as part of its ongoing change in strategy.
LighTrade Inc. named Kathleen Perone, the company's chairman of the board, as chief executive. She replaces Ted Pierson, who founded the company to provide neutral pooling points for the nascent bandwidth trading market.
The change is part of the company's ongoing switch from serving the moribund bandwidth trading market to doing longer-term contracts for connections between telecommunications carrier networks.
"Whether or not any sort of trading market develops, the carriers can utilize us now," Perone told Dow Jones Newswires. "The downturn in capital markets has created significant problems for the telecoms."
Among those problems are the inability to fund interconnections between networks. Perone also suggested that, with consolidation among carriers expected in the next year or so, they may consider using LighTrade's pooling points to interconnect newly acquired networks quickly.
Pooling points are network interconnections where ownership of bandwidth is transferred from one company to another. They are also used to monitor quality of service.
Perone, 48 years old, has 23 years of experience in telecommunications. She is a managing director of Acappella Ventures LLC., a venture capital firm and one of the original investors in LighTrade. She will continue in that job as well.
Pierson and Perone said the change was made as the company switches from the startup phase to the operational phase.
"It's a natural evolution," Pierson, now vice chairman of the board, told Dow Jones Newswires. "I'm a starter and an entrepreneur. I'm not an operational CEO."
Pierson described Perone as well-known in the telecommunications industry and "a superior marketer and salesperson."
Perone said LighTrade will also call upon her knowledge of venture capital markets. The private company is projected to be cash-flow positive in 18 months, but it doesn't have financing on hand to reach early 2003, she said.
"We are funded for the time being," Perone said. "We can go long enough."
LighTrade is the only company offering neutral pooling points. Enron Corp. (ENE), Williams Communications Group Inc. (WCG) and Dynegy Inc. (DYN) all have bandwidth pooling points in the networks operated by their telecommunications units.
Those pooling points, however, may be unappealing to potential customers. To deliver bandwidth, the pooling point operator must know who the customer is, raising fears that it could use that knowledge to steal the customer.
LighTrade, with eight pooling points compared with Enron's 22, offers a non-competing alternative to the energy companies in the bandwidth market. LighTrade doesn't trade bandwidth.
But the company faces increased competition from network exchange centers, an industry analyst said.
Companies like Universal Access, a subsidiary of UAXS Global Holdings Inc. (UAXS), operate exchange centers where a number of network providers can interconnect, creating "virtual pooling points," Yankee Group Analyst Seth Libbey told Dow Jones Newswires. "They're fulfilling the promise of the virtual pooling point," he said.
A virtual pooling point is a series of networks connected to each other for traditional telecom business, not for bandwidth trading purposes. Some carriers say that virtual pooling points could be used for bandwidth trading.
Physical pooling points like the ones LighTrade operates are only attractive if they are neutral and connected to large numbers of longhaul and metropolitan network carriers.
"LighTrade's a victim of what's going on in the bandwidth market," he said. "There's a lot of action in trading, but not a lot of capacity being transferred."
LighTrade plans to increase the number of pooling points it operates to 15 by first quarter 2002.

-By Erwin Seba, Dow Jones Newswires, 713-547-9214 erwin.seba@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: INTERVIEW-Enron still seeks opportunities beyond gas/power.
By Andrew Kelly

08/28/2001
Reuters English News Service
(C) Reuters Limited 2001.

HOUSTON, Aug 28 (Reuters) - Enron Corp. may have scaled down its broadband telecommunications plans, but it will continue to pursue opportunities beyond its traditional core wholesale natural gas and electricity markets.
Chairman and Chief Executive Officer Ken Lay said in an interview Tuesday that recent ventures into the wholesale marketing and trading of paper, coal and steel looked "very promising.".
"We'll continue to do those," he told Reuters. "Those are becoming very significant businesses. Particularly this year we've had really strong growth in pulp and paper, in coal and in weather derivatives and some of the other new activities."
Enron expects to get its broadband business on a sound footing, even though the potential market for buying and selling broadband capacity, also know as bandwidth, now appears to be much more modest than Enron and others had previously assumed.
"We still think we'll develop a very nice business there over the next two or three years," Lay said.
Enron also continues to see good opportunities for its energy services business, which takes care of energy purchasing and management for customers such as retailer J.C. Penney Co. Inc. and drug firm Eli Lilly & Co.
Lay was speaking after Enron said two long-time employees, Greg Whalley and Mark Frevert, will join Lay in the office of the chairman, strengthening the senior management team after the surprise resignation of Jeff Skilling as CEO on Aug. 14.
PLEDGE TO PROVIDE MORE INFORMATION
Lay said Enron will do a better job of explaining its finances and operations to investors and analysts in the future, starting as soon as the company's third-quarter earnings report.
"I've heard that criticism, I'm listening to it and yes we will address it. We will start providing more detailed information," he said.
Shortcomings in this area are one of several factors cited for a sharp drop in Enron's share price from levels of just over $90 a year ago to recent levels in the mid-$30s.
Lay said Enron will continue to sell off physical assets around the world such as pipelines and power plants and focus on the knowledge-based marketing, trading and risk-management activities that it regards as its true strength.
"We will certainly continue to emphasize monetizing some of the international assets, particularly in developing countries, and bring that cash or capital back into the company, either to redeploy it in these faster growing and higher return businesses, or to buy in shares or pay down debt," he said.
Enron recently sought to disengage from India, offering to sell its majority stake in the Dabhol power plant project project for $1 billion to extricate itself from a long and bitter dispute over payments for the power generated by the plant.
Lay said recent comments he made about the Dabhol project in an interview with the Financial Times were "mischaracterized" as a call by Enron for retaliatory U.S. sanctions against India.
"We've not asked for sanctions and it really got blown out of proportion," he said.
Lay declined to comment on an idea floated by Indian lenders to buy out Enron's stake in the Dabhol project if the cost of the electricity produced by the plant can be lowered, saying only that Enron was continuing to talk to all parties involved.
"It's still problematical as to where that may be headed," he said of the Dabhol project.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


Dear Kidventure Families,

Join us tonight, Thursday, October 25th for Operation Hope, sponsored by Enron.  Join experts to develop a blueprint for adapting to these challenging times. Enron?s Hope offers participants ways to deal with September 11th and the ongoing issues we face as a nation.  Panelists will cover attendees concerns about issues at home and at work.
     Attendees will select one of four concurrent panels (town-hall meeting style) while children (kindergarten-8th grade) participate in imaginative, helpful and dynamic classes. A licensed therapist and staff members representing Kidventure Camps, Bo's Place and A.D. Players Theater Academy will lead the KIDS Classes. Children will be with their peers as they engage in innovative, team building activities. High school students will meet with a panel that includes an athlete, a motivational speakers and a security expert.
   Business, religious and healthcare leaders will answer questions from the OperationHope.com website and the attendees. When the sessions end, everyone will meet for a closing ceremony led by singer, author and motivational speaker Willie Jolley. Participants will leave with a renewed sense of confidence and hope and direction.  The event is FREE to the public.  To make your reservations, log on to www.enronoperationhope.com.

We hope to see you there.

*** This email provided by CampRegister.com ***


Daren,

I have 2 allocation exceptions that require a deal to be extended.  Meter
98-1488 Tenaska is showing small volumes flowed on days there was no deal.
Can you extend the deal throughout the month so that the volumes will have a
deal to link to.    I have the same situation on meter 98-1601.

If you have any questions, please let  me know.

Thanks,

Susan


Hi Sarah -

The Enron attendees for tomorrow's meeting are:  Ken Lay, Marty Sunde and Bob
Williams.  Their resumes are attached.

Sarah, will you please e-mail me exactly where they should come once they get
through traffic.

Thanks.

Rosalee


Hi Mum!  Well, I mustered the courage to start my bathroom painting project
yesterday.  I chose a medium blue that looks very nice.  Guess who helped
me?  Bill!  He got pretty enthusiastic with that roller.  So we were able to
knock it out in about 3 hours.  There was a lot of woodwork to tape off.
Tonight I will finish the tub area, which needed some
repair/caulking/spackling.  Now I am anxious to do the bedroom, but probably
will not get to it until next month.  Maybe you will be able to help me
decide on a color when you are here this weekend.  I'm torn between "Happy
Yellow" and a lighter version of the blue I used in the bathroom.  If I
decide to paint any of the downstairs, I believe I will entrust that work to
the professionals.

Got 4 tickets to the dance performance.  Since Bill seems to genuinely enjoy
dance, I invited him.  So that leaves us with one ticket.  If you would like
to invite someone, just let me know; otherwise maybe one of my friends around
here will join us.

Hope your weekend project was a success.

Talk to you soon!

Love,
S.


I haven't had a chance to study this yet, but I'd like you guys to take a
hard look at it and lets meet on Mon or Tues.  I'll  be in Houston ( I
think).  Martha pls set up a meeting with these guys and I'll talk to you
about when I'm going down.  df

Mark Knippa@ECT
02/05/2001 05:28 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON, Gerald Nemec/HOU/ECT@ECT, James
Centilli/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron

Subject: Gallup Station - Demand Rebate

Hey Drew,

Sorry that we did not get to meet last week when you were in town.  I have
pulled up some information on the project performance and wanted to share
with the group.  I was very concerned by the comment that the project was on
a rate to cost TW an additional $1.0 million for the year because the demand
avoidance program was not in place.  I do want to confirm that Arnold
Eisenstein at ET&S working on the development of the programming to support
TW's efforts to minimize demand expenses.  It was my understanding during the
development of this project, that TW was targeting a 75% avoidance for an
annual basis.   I offer the following details regarding the actual operation
of the station in 2000.

Peak load for 12,000 hp = 9,621 kw x 3 = 28,864.0 kw per Quarter

Actual Utilization
   3rd Quarter 2000      % of Max  4th Quarter 2000  % of Max
 kw - generation   22,684.8      78.6   17,779       61.6
 kw - transmission 25,421.0      88.1   22,992       79.6

 Target $'s @ 75% 99,142      75.0            73,480      75.0
 Net Actual Rebate  $'s 75,935        78.6                105,181        61.59
  difference            ($23,206)                  $31,702

Overall net for 2000 under Rate 21 appears to reflect that TW has saved
$8,496 above their target rebate of $170,622 (75% avoidance) for the 3rd and
4th quarters.  In addition, ECS has made payment to TW under Rate 19 that
resulted in an additional $118,441 paid to TW.   Note that ECS has proposed
to included the transmission demand in the Rebate process which is not
specifically addressed the Compression Service Agreement.

Currently TW has access to the web site that graphically displays the current
Tri-State generation load as well as several years of month by month
history.  This access was conveyed to TW as soon as the confidentiality
agreement between TW, ECS and Tri-State was executed and delivered to ECS.
At this point, EE&CC (now under ET&S) was notified that the system access was
available to package the load monitoring programming.  As I mentioned above,
that effort is underway.

I will be glad to meet and/or discuss these issues when you are available.  I
will be travelling most of the next (2) weeks but you can reach me via email
or my
cell phone (713) 851-7703.   Based on the information that I was able to pull
together, I just don't see the magnitude of dollars that seems to have TW
concerned.
I would like to discuss at your earliest convenience.

Thanks,
mk


Suneet Sharma (Northeast EES trader) is going to New Power Company.  Please
include Charles Decker on your emails in place of Suneet.

In addition, per Rick Shapiro, please include the New Power Company traders
below on your general regional information emails (not on the EES/EPMI
specific emails):

Leonard Thamm will handle the Central US, including primarily ERCOT and Ohio
Suneet Sharma will handle the Eastern US

Thanks.


- bl554888.DOC
 - Bl554886.doc


Start Date: 4/26/01; HourAhead hour: 16;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042616.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM


Deal 457758.1 for 11/14/00, HE 7 shows 25mw @ $175, TNP shows $150, the El
Paso model shows $150.
I believe tehy are correct. Can you please tell me who is right and if they
are, please change this?
Thank you
Joy


WE HAVE SCHEDULED FOR THE 37TH FLOOR REFRIGERATOR TO BE CLEANED OUT ON
TUESDAY, NOVEMBER 14TH AT 3:00 PM.  PLEASE REMOVE ANY ITEM(S) YOU DO NOT WANT
DISPOSED.

If you have any questions, please do not hesitate to contact me at x5-8336.

(Mary, Dorothy, & Yvette :Please forward to your groups on the 37th floor)

THANK YOU,

JULISSA


----- Forwarded by Steven J Kean/NA/Enron on 01/13/2001 09:05 AM -----

	Roger Yang@EES
	01/12/2001 07:24 PM

		 To: Stephen Swain/PDX/ECT@ECT@ENRON
		 cc: James D Steffes/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Michael
Tribolet/Corp/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, Alan Comnes/PDX/ECT@ECT@ENRON, Mary
Hain/HOU/ECT@ECT@ENRON, Paul Kaufman/PDX/ECT@ECT@ENRON, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Robert
Badeer/HOU/ECT@ECT@ENRON, Tim Belden/HOU/ECT@ECT@ENRON, Travis
McCullough/HOU/ECT@ECT@ENRON, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Shelia
Benke/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Don
Black/HOU/EES@EES, Gordon Savage/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON,
William S Bradford/HOU/ECT@ECT@ENRON
		 Subject: Re: Financial Analysis of PG&E and Proposed Terms for Settlement

The underlying assumptions for the resources are that they return to some
business as usual amortization of these assets (a 20 to 30 year amortization)
assuming that none of the generating assets are uneconomic.  Further, it
assumes non-revenue earning regulatory assets (other than the TRA
undercollections) are amortized over the next 5 years.

Roger


Start Date: 4/19/01; HourAhead hour: 19;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041919.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 19 / Preferred: -145.00 / Final: -125.00)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  TRADING_SC: EPPS
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 19 / Preferred:   0.52 / Final:   0.35)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 19 / Preferred:   5.74 / Final:   3.76)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 19 / Preferred:  52.43 / Final:  34.61)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  SC_ID: EPMI


---------------------- Forwarded by David W Delainey/HOU/ECT on 12/06/2000
03:56 PM ---------------------------

Janet R Dietrich
12/06/2000 08:28 AM
To: Robert Superty/HOU/ECT@ECT, Maria Garza/HOU/ECT@ECT, Dick
Jenkins/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Steve Montovano/NA/Enron@Enron, Eric
Boyt/Corp/Enron@Enron, Tammi DePaolis/Corp/Enron@ENRON, Mark
Breese/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Ed McMichael/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Gil
Muhl/Corp/Enron@ENRON (bcc: David W Delainey/HOU/ECT)
Subject: CONGRATULATIONS!

Congratulations to the entire deal team on the final execution of the AGL-VNG
contracts! You guys did a great job at identifying the opportunity, managing
and negotiating with the customer, managing the regulatory and legal
concerns, and valuing and structuring the deal in a win-win manner! This was
a very focused effort and managed and executed very well.

Well done!


Please print and put in folder, Off Balance Sheet EPC Contract.  Thanks,  Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 10/20/2000 11:53
AM ---------------------------

Davidlu@nepco.com on 10/19/2000 05:52:07 PM
To: Kay.Mann@enron.com
cc: kjones@ect.enron.com, Sheila.Tweed@Enron.com

Subject: Contract Forms

Kay,  Attached is the TECO contract and the blank form of EPC and Exhibits I
believe ENA has used in the past.  None have stood the test of financing (at
least since NEPCO has been doing ENA work).

Karen Jones called me on the same subject so I am emailing her a copy as
well.  I'm flexible in regard to making these documents more compatible with
lender requirements.  Let me know if I can help.
 <<TECO Contract (less exhibits)l.doc>>  <<EECC-EPCTurnkey.doc>>
<<EPC-Exhibits.doc>>

David H. Lund, Jr.
Assistant General Counsel
National Energy Production Corporation
11831 North Creek Parkway N.
Bothell, WA 98011
425-415-3138
Fax: 425-415-3032
David.Lund@nepco.com or davidlu@nepco.com

 - TECO Contract (less exhibits)l.doc
 - EECC-EPCTurnkey.doc
 - EPC-Exhibits.doc


-----Original Message-----
From: 	Shapiro, Richard
Sent:	Thursday, October 18, 2001 1:54 PM
To:	Dernehl, Ginger
Subject:	FW:  Taliban Singles

 -----Original Message-----
From: 	Ibrahim, Amr
Sent:	Thursday, October 18, 2001 1:52 PM
To:	Noske, Linda J.; Levy, Alberto; Canovas, Guillermo; Dernehl, Ginger; Kingerski, Harry; Keene, Patrick; Frank, Robert; Gottfredson, Bryan; Shapiro, Richard
Subject:	 Taliban Singles

I could not resist this.  Please forgive me.

Brgrds

AI

 -----Original Message-----
From: 	Neustaedter, Robert
Sent:	Thursday, October 18, 2001 1:47 PM
To:	Ibrahim, Amr
Subject:	FW: FW: Taliban Singles

 -----Original Message-----
From: 	"Richard Burnett" <rc_burn_hou@hotmail.com <mailto:rc_burn_hou@hotmail.com>>@ENRON
Sent:	Thursday, October 18, 2001 1:10 PM
To:	paulboling@iapc.net <mailto:paulboling@iapc.net>; Bob_bruce@samedan.com <mailto:Bob_bruce@samedan.com>; ebrushkaty@aol.com <mailto:ebrushkaty@aol.com>; robert.drake@cabotog.com <mailto:robert.drake@cabotog.com>; jaydrayer@hotmail.com <mailto:jaydrayer@hotmail.com>; rferreira@petrobras-usa.com <mailto:rferreira@petrobras-usa.com>; rcsgburnett@mindspring.com <mailto:rcsgburnett@mindspring.com>; afmatti@ppco.com <mailto:afmatti@ppco.com>; rneusta@enron.com <mailto:rneusta@enron.com>; JOzment@mariner-energy.com <mailto:JOzment@mariner-energy.com>; rburnett@br-inc.com <mailto:rburnett@br-inc.com>
Subject:	Fwd: FW: Taliban Singles

>From: "Stanislav, Terrance J" <stanistj@bp.com <mailto:stanistj@bp.com>>
>>Subject: FW: Taliban Singles
>Date: Thu, 18 Oct 2001 09:11:36 -0500
>
>
>
>   <<http://citizens.reagan.com/right/WSGil/talibansingles.jpg>>

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


There now can you leave me alone so I can get some work done!!!!!


I just saw this message posted for PNG.  This doesn't have anything to do
with you guys does it!!!!!  md

                   CUSTOMER ACQUISITION DEADLINES

1st of Month  Files with customer changes must be received to
be                      effective for next month's business

Within 2 days of Confirmation letter sent to customer
Receiving file

Within 5 days of Exception reports sent to pool operator via the Internet
Receiving file

18th of Month         Complete list of customer including 12 months of usage
                        history for the forthcoming month sent to pool
operators

                    2000 PNG FILE SUBMISSION DEADLINES

File Due to PNG                                 Effective
by 5:00 p.m. on:                  Revenue Month:

January 3, 2000     February 2000
February 1, 2000    March 2000
March 1, 2000     April 2000
March 31, 2000     May 2000
May 1, 2000     June 2000
June 1, 2000     July 2000
June 30, 2000     August 2000
August 1, 2000     September 2000
September 1, 2000    October 2000
October 2, 2000     November 2000
November 1, 2000    December 2000
December 1, 2000    January 2001


Sally,

As we briefly discussed yesterday - can we chat about identifying ENW resources for each of the Business Units in Jim's world. Basically in 3 groups - IT Infrastructure, IT Systems Development/Maintainence and Operations Spport.

I'm trying to compile a overall Headcount Summary - by Business Unit. Both bodies & $.

We also need to touch base on the 3/4 EBS move planning stuff.

B.


Modify E-mail Preferences   horiz rule     PageOnePlus toolbar  [IMAGE]          Friday, June 1, 2001     ON THE FRONT PAGE   Texas Retooling Criminal Justice in Wake of Furor   By JIM YARDLEY Texas, which leads the nation in executions and has endured criticism of its death penalty system, is moving to overhaul its criminal justice laws.      McVeigh Lawyers, Citing Fraud, Ask Judge for Stay of Execution   By JO THOMAS Lawyers said Timothy J. McVeigh wanted to hold the government responsible for its failure to produce thousands of pages of evidence at his trial.      Missile Defenses Need More Tests, Key Senator Says   By THOM SHANKER Carl Levin, the next chairman of the Senate Armed Services Committee, said it was unlikely that missile defenses would be fielded in President Bush's current term.      From Germany's East to West, Conservative Tries to Span Gulf   By ROGER COHEN Angela Merkel went from being a member of the former East German Communist youth movement to the leadership of the Christian Democratic Party.      Power Politics: A Failed Energy Plan Catches Up to New York   By NEELA BANERJEE and RICHARD P?REZ-PE?A While energy deregulation was intended to lower prices and stop employers from leaving New York State, rates still remain high and could raise further.      Swift Rise Seen in H.I.V. Cases for Gay Blacks   By LAWRENCE K. ALTMAN Young gay black men in six cities are becoming infected with the AIDS virus at the rate of almost 15 percent a year, according to a new study.      6 Siblings Make a Stand, Minus Parents and Power   By SAM HOWE VERHOVEK Three boys and three girls, described as armed and scared, held law enforcement officials at bay outside their home in Idaho after their mother was arrested.     ALSO IN TODAY'S TIMES   Slumbering in the Egyptian Desert, a Titan of a Dinosaur   By JOHN NOBLE WILFORD Digging at an oasis in the Egyptian desert, paleontologists have found huge fossil bones of what they say appears to have been the second most massive dinosaur that ever lived.      Politics Thicken the Molasses in Albany's Budget Process   By JAMES C. McKINLEY Jr. With the state budget late again - for the 17th year in a row - Gov. George E. Pataki warned that there might be no budget at all.      Summer Owner Wants a Vote in Both Houses   By BLAINE HARDEN Harold M. Wit, a New York investment banker, is suing for his right to vote in communities of both his winter and summer homes.      QUOTATION OF THE DAY  [IMAGE]We may have stumbled on dinosaur heaven at Bahariya." JOSHUA B. SMITH,  one of the researchers who found dinosaur fossils in Egypt's Bahariya Oasis.          TODAY'S IMAGES  [IMAGE] Front Page Image    Today's Photos    Advertisement  Today's Corrections    TODAY'S SECTIONS   * International   * National   * N.Y. Region   * Politics   * Obituaries   * Business   * Technology   * Science   * Sports   * Editorial   * Op-ed   * Letters   * Weekend   * Living       SUNDAY SECTIONS   * Arts & Leisure   * Automobiles   * Book Review   * Travel   * Real Estate   * Week in Review   * Magazine             Home  | Site Index  | Site Search  | Forums  | Archives  | Shopping    News | Business  | International  | National  | New York Region  | NYT Front Page  | Obituaries  | Politics  | Quick News  | Sports  | Health  | Science  | Technology/Internet  | Weather  | Editorial  | Op-Ed    Features | Arts  | Automobiles  | Books  | Cartoons  | Crossword  | Games  | Job Market  | Living  | Magazine  | Real Estate  | Travel  | Week in Review    Help/Feedback  | Classifieds  | Services  | Newspaper Delivery  | New York Today    Copyright 2001 The New York Times Company    	[IMAGE]	[IMAGE]


I'm glad you could join us...sorry we weren't able to talk at the table.

From: Janice Hogan/ENRON@enronXgate on 04/25/2001 01:54 PM
To: Stanley Horton/Corp/Enron@Enron
cc: Cindy Stark/Corp/Enron@ENRON

Subject: Salute to Excellence

Stan, thank you for inviting me once again to the Arthritis Fdn. annual
event.  It was good to see you, but admitedly, even better to see the
pictures of your babies.  They are adorable.  I know you and Debbie are very
proud of them.

Thanks to you and Enron for participating in this worthwhile event.  Janice


George, John,

We shall notify you about the location.

Vince

P.S. Shirley, please add George and John to the list (Grant, Alex, Sevil as
well).

George Hopley
06/29/2000 06:47 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: John D Suarez/HOU/ECT@ECT
Subject: RE: Next visit to Houston

Yes and so would the Northeast trader John Suarez

Vince J Kaminski
06/29/2000 04:07 PM
To: George Hopley/HOU/ECT@ect
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: RE: Next visit to Houston

George,

Would you like to take a like at the service (see below).
The meeting is on July 12 at 2:30 (19th floor).

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/29/2000
04:08 PM ---------------------------

"Edward Krapels" <ekrapels@esaibos.com> on 06/29/2000 03:53:40 PM
Please respond to <ekrapels@esaibos.com>
To: "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
cc: "Jeffrey Shorter \(E-mail\)" <jshorter@wsicorp.com>
Subject: RE: Next visit to Houston

Vince,

Good to hear from you and I'm glad you're available. How is Wednesday at
2:30?

I did look at EOL and am not surprised to see its quality. I was unable to
say much about it in my Risk Electricity Hedging and Trading report because
of deadline pressures. How is the site doing? I am intrigued by the
competition for trading platforms and was astonished to hear that Goldman,
Morgan, BP and Shell were going to launch a site to compete with yours. Talk
about a shotgun marriage!

If we have time next week, I could step you through our website --
www.weathereffects.com. I'm very proud of what we've done. I can't give out
a password yet but would be happy to walk through the site with you over the
phone using my password. It's a very ambitious site -- with state-of-the-art
WSI weather (seasonal, 6-10, and day to day) driving a good load model for
PJM and NEPOOL. ESAI contributes oil and gas input price forecasts, capacity
judgments, and "herding" ideas to develop power price forecasts for same
time periods. After one month's full-bore effort, I'm pleased with the
results (e.g., we forecast Nepool onpeak to be $43 and it turned out $46).

Have a great weekend.

Ed

-----Original Message-----
From: Vince J Kaminski [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, June 28, 2000 5:29 PM
To: ekrapels@esaibos.com
Cc: Vince J Kaminski; Shirley Crenshaw
Subject: Re: Next visit to Houston

Ed,

I shall be available on both days. What about Wednesday,
July 12, between 1:30 and 4:00. Please, let me know
what time would work for you.

It will be nice to see you again.

Vince

P.S. By the way, did you have a chance to take a look at the EOL?

"Edward Krapels" <ekrapels@esaibos.com> on 06/28/2000 02:49:41 PM

Please respond to ekrapels@esaibos.com

To:   Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:  Next visit to Houston

Dear Vince,

I will be returning to Houston during the  week of July 10.

ESAI and Weather Services International have launched -- after more than 18
months of R&D --  our service, called Energycast Power Trader and Energycast
Gas Trader, for power traders in Nepool and PJM. I would be happy to review
the service with you as well as take you on a tour of our web site. Are you
available on July 12 - 13?

Sincerely,

Ed Krapels


----- Forwarded by Tana Jones/HOU/ECT on 04/19/2001 08:43 AM -----

	Walter Guidroz/ENRON@enronXgate
	04/18/2001 05:27 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate
		 cc:
		 Subject: EOL approvals, 04-18-01

Please see attached.


I'm slow in going through email... here's an update
---------------------- Forwarded by Karen Denne/Corp/Enron on 11/27/2000
04:41 PM ---------------------------

"sandra" <SYamane@marathon-com.com> on 11/22/2000 01:54:49 PM
Please respond to "Sandra Yamane" <SYamane@marathon-com.com>
To: <Karen.Denne@enron.com>
cc: Windows@marathon-com.com

Subject: FW: Steve Peace Video Tape Update

Steve Peace's office called Bob Hertzberg's office back this morning and
told them that the video was incomplete and that they would send the tape as
soon as they finish making changes.

We are still trying to get a copy of the tape.  Our friends in the Speaker's
office will call Sen. Peace's Sacramento office today and try to get a copy
from the Sacramento staff.

-----Original Message-----
From: sandra [mailto:SYamane@marathon-com.com]
Sent: Wednesday, November 22, 2000 9:50 AM
To: 'karen.denne@enron.com'
Subject: Steve Peace Video Tape

Karen:

Our friends in the Speaker's office have requested for a copy of the Steve
Peace tape.  Mr. Peace's office is supposed to send a copy to the Speaker's
office next week.  We will Fed-Ex a copy to you as soon as we receive it.

Happy Thanksgiving.

Sandra


Attached are Media Clips regarding the Blockbuster announcement:

Norman Levine
Manager, Enron Broadband Services
713-853-5010
norman_levine@enron.net


Trying to find out what to do with those out-of-town guests for Thanksgiving - Well, here is your answer.

Stages Theatre presents

"Romance/Romance"
(Book and Lyrics by Bary Harman
Music by Keith Herrmann)

This sophisticated musical celebrates courtship, love and fidelity in two very different centuries as lovers discover the timeless truths of romantic relationships.

Act One:  VIENNA, 1890 - A dashing aristocrat and a fiery young woman, unsatisfied with their lackluster love lives, take on new identities in hopes of finding true love.  Under these false pretenses they meet and form an attachment - but can their romance survive the truth?

Act Two:  THE HAMPTONS, Present Day - A vacation in the Hamptons seems like the perfect setting for armour  for two happily-married couples-but will they end up sharing more than a summer home?  Find out in this uproarious study of the joys and complexities of modern romance.

This musical received 5 Tony nominations.  The New York Times calls it "smart, bubbly and ardent" and the New York Post calls it "a double-dollop of the romantic spirit."

Where: 		Stages Theatre
				www.stagestheatre.com
When: 		Saturday, November 24
Time: 		8:00 pm
Ticket prices: 	$24.00 member; $30.00 non-member
			6 ticket maximum for members
Deadline: 	Wednesday, November 14
Coordinator: 	Iris Waser X36059; EB4749b

Please e-mail me your responses and questions. Make your checks payable to Enron Travel Club.


Paul,

I will definitely do some more investigative work on this.  I need to load our curves right now.  Can I get back to you about this tomorrow?  I am pretty swamped today.  Thanks.

Carole

 -----Original Message-----
From: 	Lucci, Paul T.
Sent:	Wednesday, October 24, 2001 2:53 PM
To:	Frank, Carole
Subject:

Please look these over to see if these are all the fixed price financial deals Sinclair has with us.

Thanks
Paul

 << File: Sinclair Recon.xls >>


Beginning Monday, March 26, 2001 there will be a daily "Campaign Leadership
Call".  This conference call was referenced in a memo sent via e:mail by Rick
this afternoon, Friday, March 23.  Please remember to mark your calendars
accordingly.

Date:  Daily, beginning Monday, March 26, 2001

Time:  11:30am - 12:00pm (CST) call to last 1/2 hour

Number: 1-800-283-1805

Location: EB4701 (for those in Houston)

Feel free to call me if you have any additional questions or concerns.

gngr
713-853-7751


Daren,

According to Vance's response to Lauri's email, the nominations should be
revised upwards approximately 650/d on the gathering contract(s) at this
meter.  There is currently nominations of 1,353/d (1,153 gathering and 200
transport).  The flow should be around 2,000/d.  Is it alright to include the
increase of 650/d with the other revisions to be made after trading on Friday?

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 04/05/2001 04:13
PM ---------------------------
From: Vance L Taylor/ENRON@enronXgate on 04/03/2001 12:07 PM
To: Lauri A Allen/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ENRON, Robert
Cotten/HOU/ECT@ECT
cc: Tom Acton/Corp/Enron@ENRON, Edward Terry/HOU/ECT@ECT, Kimberly
Vaughn/HOU/ECT@ECT
Subject: RE: Canus Meter 5310

Lauri,

Effective 3/1/2001, HPLC amended its contract with Royal Production changing
the price to 100% HSC less $0.16 and extending the term through 2/28/02.
Consequently, for March, HPLC should be purhasing volumes from two wells at
meter 5310.  Effective April, HPLC amended the same contract releasing the
L.G. Talbert #2 lease in the committed reserves agreement; Mike Morris is the
gas buyer and expects volumes of approximately 2000mmbtu/d.  For April I nom
1132/d; Bob, we should probably increase the nom to reflect the incremental
production at this point.

Thanks,

vlt
x3-6353

 -----Original Message-----
From:  Allen, Lauri
Sent: Tuesday, April 03, 2001 10:04 AM
To: Vance L Taylor/HOU/ECT@ENRON; Cotten, Robert
Cc: Acton, Tom; Terry, Edward; Vaughn, Kimberly
Subject: Canus Meter 5310

Louis Cox with Copano (the interconnecting party at this meter) informed me
that effective March 1st, we should have been buying incremental gas from
Royal Production at this point since they were no longer selling it to
Copano.  There have been no changes in the producer services noms at this
point, however.  This point appears to be on a 14 day chart and the last flow
I have access to shows noms of 1332mm with BAV of 3497mm on March 18th.
Bob/Vance- could one of you guys check into this and see what the nom should
be?  Copano says they're not getting the gas in April either, but they do not
know how long HPLC is purchasing the incremental gas from Royal.  Please let
me know what the resolution is.  Thanks.


I will check if the USVI is part of the US for my purposes.  I get confused
regarding what is the US and what is part of the US imperial system.

Also, if we are a boat leaving US territory and then reentering.....will we
still not have to go through US customs?  I cannot have a customs
official looking up a computer and seeing that I have left the country and
thereby invalidating my green applications.  If USVI and BVI have a close
relationship
and they are not too fussed fine....but somehow I cannot see US immigration
not being fussed.

I do not want to spoil the holiday for you guys, and I know you are not keen
on sailing within the confines of USVI (even if I can get there and that is
another whole problem), so this is just a heads-up I may have to abandon
ship.

B

PS     Gregg - do you have the flight details...so I can see if I can change
to USVI?

-----Original Message-----
From: Mark Taylor <mtaylo1@ect.enron.com>
To: Bruce Hutt <bhutt@ankarcapital.com>
Cc: Pier, Greg <gpier@doubleclick.net>
Date: Friday, November 05, 1999 11:27 AM
Subject: Re: Cruisin'

>
>
>Would it work if we picked you up in the USVI?  I know it's possible to fly
into
>St. Thomas either directly from New York or through San Juan and you could
take
>a ferry to St. John (still part o the USVI) where we could pick you up.
It's a
>bit of a hassle since we have to clear the boat into the US and then back
to the
>BVI but I've done it a couple of times before.  The timing might be
difficult
>since we can't possibly get the boat to St. John before the afternoon of
the
>22nd.  If you're nervous about sailing into the BVI, we could stick around
St.
>John for a few days.  You might check the cruising guide & see what it says
>about the US side of things - places to go/anchor, etc.
>
>
>


Sally is out of the office today, but checking her calendar for Wed or Thurs
of that week, it looks like Wednesday, Aug 9 would be a good day for her.
She or I will confirm that date with you when she returns to the office on
Monday.

Patti x39106

	Enron North America Corp.

	From:  Lexi Elliott @ ENRON                           07/28/2000 09:16 AM

To: Richard Causey/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: Attendees for July 21st UT Summer Intern Luncheon

Rick and Sally:

I am currently trying to set the date for a UT Intern Happy Hour.  Would
Monday, August 7 work for you?

Thank you!

Lexi Elliott
3-4585

---------------------- Forwarded by Lexi Elliott/NA/Enron on 07/28/2000 09:04
AM ---------------------------

Brent A Price@ECT
07/28/2000 08:21 AM
To: Lexi Elliott/NA/Enron@ENRON
cc:

Subject: Re: Attendees for July 21st UT Summer Intern Luncheon

I am unable to attend August 4.  Friday is probably not a good day to have a
happy hour since a lot of people make other plans.  I would suggest August 7
or 8 - at this point I am available both days.

	Enron North America Corp.

	From:  Lexi Elliott @ ENRON                           27/07/2000 17:00

To: Brent A Price/HOU/ECT@ECT
cc:
Subject: Re: Attendees for July 21st UT Summer Intern Luncheon

Brent:

I am currently working to reserve a room at Ninfa's.  The dates I am
currently trying for are: August 4 or August 7.  Is either day better for you?

Brent A Price@ECT
07/27/2000 02:15 PM
To: Lexi Elliott/NA/Enron@Enron
cc:

Subject: Attendees for July 21st UT Summer Intern Luncheon

Any plans for a UT intern/analyst happy hour before the intern's last day?

---------------------- Forwarded by Brent A Price/HOU/ECT on 27/07/2000 14:14
---------------------------

	Enron North America Corp.

	From:  Sally Beck                           20/07/2000 19:04

To: Richard Causey/Corp/Enron@ENRON, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Shawn Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent A
Price/HOU/ECT@ECT, Lexi Elliott/NA/Enron@Enron, Christy Young/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Maggie
Valles/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Mitchell/HOU/ECT@ECT,
Jennifer Martinez/HOU/ECT@ECT, Luis Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Catherine Pernot/NA/Enron@ENRON
Subject: Attendees for July 21st UT Summer Intern Luncheon

The following persons will be in attendance at 11:30 am in EB50M on July 21st
for lunch, in addition to the two of you:

 Enron Employees:

 Shawn Cumberland - President and COO, CALME (UT BBA; UT JD)
 Sally Beck - VP, ENA and Global Risk Management Operations (UT BBA; UT MBA)
 Brent Price - VP, ENA (UT PPA)
 David Mitchell - Associate (recent grad - UT MBA)
 Jennifer Martinez - Associate (recent grad - UT MBA)
 Luis Mena - Analyst (recent UT grad)
 Catherine Pernot (recent UT grad)
 Lexi Elliott - Analyst Program - UT Recruiter
 Christy Young - Associate Program - UT Recruiter

 UT Summer Associates:
  Cantekin Dincerler
  Steven Luong
  Michelle Sandner
  Adam Thomas

 UT Summer Analysts:
  Brenton Baxter
  Matt Davis
  Eric Efron
  Katherine Jett
  Jiyeon Kim
  Joanna Li
  Dana Lipp
  Amy Mohan
  Denise Olson
  Neil Rajan
  Angelique Woods

Thanks for making the time to attend.  This should be a great opportunity to
meet with these UT students as they near the end of their summer internships
with Enron.


did you tell  her i have great ankles


Vince,
?
Could you please provide me with an indication on whether you  will be able
to review the latest EPRM article in the next day or so??
?
Look forward to hearing from you shortly.
?
Julie


TASK ASSIGNMENT

Status:		completed

Task Priority:		2
Task Due On:		5/2/2001
Task Start Date:	4/30/2001


John, I will have Sharon try to set something up with you, Mark H., Milly and
McKay for later this week.

Yes, Blakes did drop us.

It is not so much that they dropped us, but how they dropped us.  By way of
background, Blakes had been working on the matter for approx. 6 weeks and
knew or ought to have known that Westcoast was involved.  Last week after we
commenced the law suit, Westcoast went ballistic, and last Monday Dan
Fournier called to tell me  that Blakes had a legal conflict with Westcoast
(which he knew was BS).  I told him it was not a legal conflict, but a
business conflict and that it was too late to raise the issue in the middle
of an injunction application, but, although we were not happy about it, as a
favour to Blakes we would consider moving the file after the injunction
application, when it made sense and in a manner that did not adversely affect
us.  He seemed OK with that, but later that day, I again spoke to Fournier
who admitted that it was not a legal conflict but a business conflict, that
they were in an awkward position with Westcoast, and that he had a conference
call with the Chairman and the Managing Partner of his firm in Toronto
Tuesday morning, as well as the partner responsible for Westcoast.  He also
warned me that Dalton McGrath would be wearing it internally within Blakes if
there was a problem with Westcoast (I assume hoping to guilt me into moving
the file).  I told him that was unfortunate but that I could not agree to
anything that put Enron in a difficult position or adversely affected our
interests. I spoke to Milly that night, who agreed, and on Tuesday morning
phoned Fournier and told him again that although we were not pleased, we
would move the file to another firm as soon as possible after we got through
the injunction hearing.  Fournier called me back later that day after his
call with his Toronto partners and told me that, notwithstanding our repeated
offers to move the file in an orderly fashion after the injunction
application, that Blakes had made a decision that the file had to be moved
immediately, such that they could not represent us on the injunction
application or continue to appear as solicitors of record.  They said the
factors looked at in deciding between us and Westcoast were the length of the
relationships, annual billings, complexity of work, strategic importance of
the work, and their policy of not acting against established clients.  It is
notable that the injunction is sought only against Enerdata and NGX, and not
Westcoast, which I pointed out to Fournier, and that I had previously given a
reasonable solution to Blakes to solve a problem of their own making.
Fournier also admitted that we are a strategic client, with more complex work
and higher annual billings.  In other words, I think it was all crap, and we
lost out to a senior Blakes Toronto partner who did not pay attention when to
the matter when Blakes first took it on and who, after the fact, is looking
after an upset Toronto client in a way that put us in an awkward position and
makes us look weak to Westcoast.

I should point out that Robert Anderson and Dalton McGrath have handled the
situation excellently, and have been working hard to transition the file
while I try to find replacement counsel, and opposed the decision of their
Toronto office at their own personal expense.  I think Fournier wanted to do
likewise, but he ultimately is more political and accommodated the politics
of his firm, which is disappointing.

John J Lavorato@ENRON
12/10/2000 09:08 AM
To: Peter Keohane/CAL/ECT@ECT
cc:
Subject: Re: NGX/CEL Litigation

Now that we sent the first blow, lets get everyone together to discuss our
future steps.  Next week is a nighmare but perhaps you could set  up a
conference call sometime Tuesday or Wednesday afternoon.

Also, did Blakes definately drop us on this file or have they reconsidered.


REMINDER:

Records on the August 2000 name change/merger notification report will be
inactivated tomorrow afternoon 9/01.


Murray,

Don't know if Evan got with you are nit, but the CSC responsibilities transferred to my group.  Bob Gresch can answer all questions for you.  Additionally, I'd be happy to chat with you on any suggestions or any insights you have.  Beth, Evan and I will be there next week, so we have a great opportunity.

-----Original Message-----
From: O'Neil, Murray P.
Sent: Tue 7/24/2001 6:12 PM
To: O'Neil, Murray P.; Hughes, Evan
Cc: Herod, Brenda F.; Stokley, Chris; Richter, Jeff
Subject: RE: CRC Project Log

Evan,

Sorry about the major typing error on my part with your name.

MO

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

From:   O'Neil, Murray P.

Sent:   Tuesday, July 24, 2001 5:44 PM

To:     Hughes, Evan

Cc:     Herod, Brenda F.; Stokley, Chris; Richter, Jeff

Subject:        CRC Project Log

Even,

Who do I need to contact to see a copy of the current Enron to CSC project request log.

Do we have a listing which contains the following information:

Request description

Requestor

Date of request

Quantifiable justification for request

Cost to Enron for CSC to do the request

Enron's priority of request

Enron's preferred date of completion

CSC targeted date of completion.

CSC current status (% complete)

Is there a formal reporting process of these requests and is there a group who manages the priorities to make sure they are in-line with the current business needs.

Can you also tell me if CSC is off on their cost estimate for doing a project does Enron get billed actual project cost or just estimated costs?

Any information you can provide related to this request would be appreciated.

Thanks - MO


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
05:29 PM ---------------------------

Shirley Crenshaw
12/20/2000 10:51 AM
To: Vince J Kaminski/HOU/ECT@ECT, vkaminski@aol.com
cc:
Subject: Lance's telephone

Hi Vince:

Lance's telephone # is:  (512) 280-5052.


> -----Original Message-----
> From: Granville, Sue
> Sent: Wednesday, November 29, 2000 9:36 AM
> To: Jacob, Sasha
> Subject: Project Stanley
>
> Report for November 29, 2000
>
> Report
>  <<Nov29.doc>>
> Articles
>  <<Nov29.txt>>
>
>
>

*******************************************************************
This email message has been swept by MIMEsweeper
for the presence of computer viruses

Ce courriel a fait l'objet d'un balayage contre les virus
informatiques au moyen du logiciel MIMEsweeper
*******************************************************************

 - Nov29.doc
 - Nov29.txt


Karen Drellich
P.O. Box 97
Cool, CA 95614
kskinney@hotmail.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Karen K. Drellich

Karen Drellich


FYI.
----- Forwarded by Dan J Hyvl/HOU/ECT on 10/11/2000 05:10 PM -----

	Richard B Sanders
	Sent by: Twanda Sweet
	10/11/2000 05:04 PM

		 To: Dan J Hyvl/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT
		 cc:
		 Subject: Draft Letter to TJ Sattler

Attached is the draft letter to TJ Sattler regarding Waha/Henry Hub Spread
Trade.  Please review and provide me with any comments.

Thanks.


Enclosed is a form of hedge fund ISDA template.  I have blacklined it against
the Union Spring schedules.

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


The EES VaR for today is $5.9 million, down from yesterday's VaR of $6.2
million.


Group,
When doing a buy-resale with Pacificorp, we need to agree on the buy and the
resale prices on the phone.  These prices need to be recorded in your trade
log.  We also need to now check the prices nightly on buy-resales with
Pacificorp when doing the SAR.  We are having numerous discrepancies with
Pacificorp because of problems with buy-resale deal entry.  I have listened
to several tapes where only the spread ($10 or $20 dollars) is mentioned.
Let's be sure to  establish these prices, do the confirms nightly, and make
sure we can continue to work closely with this counterparty.

On a separate note...please be sure to use two tags on any buy-resales.

Thanks.

Bill


This should have been cc to you.  I think development made a mistake and cc
carrie hollomon
---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/30/2001
05:14 PM ---------------------------

Ernie
01/30/2001 05:16 PM
Sent by: Phillip M Love
To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Class Confirmation - Coaching For Performance

You are enrolled in the following class:

Coaching For Performance

Class Days and Times:
  3/30/2001  08:00:00 AM - 12:00:00 PM
Room # & Location: EB560,  Houston
Last Day to Cancel: 03/27/2001
Participant Fee: $300.00
Note:

Please review any prerequisite material to validate your eligibility in this
class.
Your Company and RC will be charged $300.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


Let's discuss.

Chris Hilgert
Enron Compression Services
Work: 713-853-7350
Cell:   713-857-2479
www.enron.com/compression

-----Original Message-----
From: Howell, Marion W. [mailto:MAWHOWEL@southernco.com]
Sent: Wednesday, November 14, 2001 8:11 PM
To: Hilgert, Chris
Cc: Owen, David; Sims, Ken C.; Badders, Russell A.; Stone, Jeff A.
Subject: Pumping Station Power

Chris,

This will confirm our discussions of today regarding accelerating completion
of electric power to the pumping station.

It is Enron Compression Services' (ECS') desire to accelerate the completion
of the project from the currently projected early May, 2002 completion date
to March 1, 2002.  ECS will agree to pay the acceleration cost.  Our current
"most probable estimate" of this cost is $630,000, but it could run as much
as $1,060,000 or higher.  ECS would like a guaranteed cap of $1,000,000.
Gulf estimates that the acceleration activities discussed with you will
provide a confidence level of greater than 90% that we can meet the March 1,
2002 date.  Both of us agree that we cannot give any guaranteed date because
of the inherent uncertainties.  Our budget for the line construction
contractor cost is $864,000, including accounting and other standard
overheads.  ECS would pay any amount over that.  Additionally. ECS would pay
$70,000 for accelerating the structure design and Hinsons Crossroads
Substation activities.  ECS would also pay approximately $130,000 to
accelerate acquisition of Right of Way.  We have faxed letters between Gulf
and attorneys for three property owners which shows the difference between
the parties.  ECS would like some assurances that cost is reasonably
minimized within the constraints of meeting the desired schedule.

The details and specifics of the above would be formalized in an agreement
to be signed between the parties.  Both parties acknowledge that time is of
the essence in completing the execution of a suitable agreement, lest the
start of acceleration of the project be delayed to the point that we would
not be able to meet the March 1, 2002 date.

We also discussed the merits of developing a Memorandum of Intent for the
parties to quickly execute so that some of the acceleration activities can
begin as the agreement is finalized.  This agreement must be completed
within the next few days.

ECS also raised the prospect of two agreements, one to cover the Right of
Way, and another to address the line construction.

We will be faxing to you tomorrow a Gantt chart of a proposed acceleration
schedule.

Regarding the cost breakdown of the line construction cost, the following is
a typical cost by activities:

	Structure Framing and Setting			45%
	Anchors and Guys				10%
	Conductors and Static Wires 			30%
	Grounding					 5%
	Miscellaneous					10%

	TOTAL						100%

This should complete the information you requested.  Please call me if you
need more at this time.  We will provide you a draft of the Memorandum as
soon as possible.


Anne,

I have good business reasons to approve carryover in excess of 40 hours for Mike Roberts and his group. Shane Green is not in my group.

Vince

-----Original Message-----
From: Labbe, Anne
Sent: Tue 1/22/2002 1:37 PM
To: Kaminski, Vince J
Cc:
Subject: Vacation Carryover for your group

Vince,

We were just notified that all pre-petition wages, including vacation, will be paid up to 15K.  As a result, we are trying to determine how much people should carryover from last year, generally 40 hours is the maximum.  However, if employees were unable to use their vacation last year due to business circumstance (i.e. Mike Roberts group) or is a supervisor acted to limit or cancel and employee's vacation during the course of the year, we will be granting exceptions.

I have listed below individuals from your group who have more than 40 hours, and can be considered for this exception.  Please let me know if you would like to approve each of these or not, and your justification.

Name:                                              Last Yr's Vacation Not Taken
Mike Roberts                                     216 hours
Adam Stevens                                     44 hours
Chonawee Supatgiat                            72 hours
Sevil Yaman                                      145 hours
Stephen Bennett                                102 hours
Rakesh Bharati                                    56 hours
Rabi De                                              90 hours
Chuanli Deng                                      92 hours
Shalesh Ganjoo                                 120 hours
Shane Green                                     198 hours
Anguel Grigorov                                   90 hours
Joe Hrgovcic                                      128 hours
Yinxi Huang                                        48 hours
Seksan Kiatsupaibul                            72 hours
Jaesoo Lew                                         80 hours
Martin Lin                                          104 hours
Zimin Lu                                             48 hours
Jose Marquez                                     72 hours
Praveen Mellacheruvu                          88 hours
Mauricio Mora                                     82 hours
Wichai Norongwanich                         102 hours
Karthik Rajan                                      50 hours

Additionally, I spoke with Mike today and he and his team are going to move to 19 tomorrow.  They have all decided not to accept the UBS offer, and are being harassed by some of the traders.

Thanks,
Anne


Are you able to meet with Tom and I on a different project, which includes LM
6000's.  I have begun the modeling and we wanted to run through the numbers
of this facility with you.  Please let me know what is a good time for you to
meet with us.  Thanks
Ben


Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2001 09:21 AM -----

	Paul Radous/ENRON@enronXgate
	05/22/2001 07:42 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: RE: AIG

Just wanted to confirm that I am okay with raising the cross default to $2.5MM

 -----Original Message-----
From:  St Clair, Carol
Sent: Monday, May 21, 2001 6:00 PM
To: Abramo, Caroline
Cc: Sayre, Frank; Radous, Paul; Shackleton, Sara
Subject: Re: AIG

We need the Bermuda law legal opinion.  What is the hold up?

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

	Caroline Abramo@ENRON 05/21/01 03:33 PM 	   To: Carol St Clair/HOU/ECT@ECT
cc: Paul Radous/Corp/Enron  Subject: AIG

Carol= Paul is OK with raising the cross default amount... can we get out
draft ISDAs to them???? AIG Commodity Arbitrage Ltd. and AIG Commodity Fund
L.P.

Thanks,
Caroline
---------------------- Forwarded by Caroline Abramo/Corp/Enron on 05/21/2001
04:29 PM ---------------------------
   Carol St Clair @ ECT                05/10/2001 09:00 AM

To: Caroline Abramo/Corp/Enron@Enron
cc: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Paul
Radous/Enron@EnronXGate

Subject: AIG

Caroline:
I have received and reviewed their comments.  On the legal front, they are
objecting to the Bermuda law opinion.  We cannot do this without an opinion.
If we need to recommend Bermuda counsel to them we can.  On the credit side,
for AIG Commodity Arbitrage Fund LP they want to increase the cross default
threshold from $1,500,000 to $2,500,000.  Paul, are you okay with this?  I am
okay with their other comments.

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


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy
            Mark Bennett, Senior Manager of Policy
            Erin Perrigo, Manager of Policy

DATE: March 30, 2001

RE: National Energy Policy Issues

We received the attached document from Scott Miller on the OMTR staff at
FERC.  Scott is concerned that the current discussion of a national energy
strategy does not include a meaningful focus on critical electric issues.
Both at FERC and with lawmakers, Scott is encouraging people to stress the
issues identified in this paper in an effort to focus decision-makers on the
needs of the electric industry in the current debate.  If you have any
questions, please contact Julie Simon at EPSA, 202-628-8200 or
jsimon@epsa.org.

 - Immediate Policy Need.doc


10/4-10/5  UT interviews

10/9-10/10  Chicago Office

10/12-10/13  Vacation


The following original documents, received today, have been forwarded for
your immediate review and consideration:

CSI Hydrostatic Testers, Inc., Debtor ) Ch. 7 Bankruptcy; No. 00-35702-H4-7,
In the U.S. Bankruptcy Court, S.D. of Texas, Houston Div.  TRUSTEE,S MOTION
and TRUSTEE,S EXPEDITED MOTION  to ENA CLO I Holding Company I, LP by regular
mail on 12/8/00.

PLEASE ADVISE IF NOT RECEIVED WITHIN 1 BUSINESS DAY.

Thank you !!

Becky A. Stephens
Litigation Unit, Support Services Coordinator
713/853-5025
EB4809


Start Date: 4/23/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042303.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 3 / Preferred:  50.02 / Final:  49.99)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/23/01
  SC_ID: EPMI


As per our discussion in yesterday's staff meeting, the attached file
summarizes the latest EnronOnline products and countries under development.
Please let me know if you have any questions.

Also, fyi, the revised target date for Phase 2 is September 11.   I will let
you all know if this changes.

Sheri


How can EBS help make this go as quickly and smoothly as possible?
Regards,
Jim

 -----Original Message-----
From: 	Bowen Jr., Raymond
Sent:	Sunday, November 11, 2001 2:14 PM
To:	Young, Steve
Cc:	McMahon, Jeffrey; Fallon, Jim; Gorte, David; Buy, Rick
Subject:	Qwest Note

Steve,

Make sure that we circulate a DASH on the disposition of the QWEST note which we discussed on Friday.  I want to reinforce the concept of RAC signoff of asset sales, including the sale of financial assets such as notes and receivables.

When can we close the sale?

Thanks.

Ray


Sheila:  attached is the markup I am preparing to send to FIMAT Canada.  Some of the redlining reflects ENA's prior agreement with FIMAT USA, Inc.  A few things for you to note and we can chat quickly:

(1)  Par. 5 - will we agree to a fee schedule now or "as agreed to from time to time"?

(2)  Par. 7 - I have requested the interest rate schedule. Alternatively, I have "borrowed" language from the FIMAT USA, Inc. agreement.  Which do you think is best?

(3)  Par. 8 - is the reference to CAD50,000 for speculative accounts alright?  Or will this be simply a hedge account and that particular language is extraneous?

(4)  Par. 14 - will you need to object by phone (or is fax sufficient)?

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


I have passed it on to Dave and will let you know!

Amy

 -----Original Message-----
From: 	Salisbury, Holden
Sent:	Friday, August 03, 2001 1:16 PM
To:	Fitzpatrick, Amy; Rodriguez, Grace
Subject:	FW: Here's my resume.

Here is a resume from an aquaintance.  He is interested in an IT position and seems like a good candidate.  Not sure if you are hiring but I believe he is available.

Thank You

 -----Original Message-----
From: 	"Salisbury" <salisbury@spiretech.com>@ENRON [mailto:IMCEANOTES-+22Salisbury+22+20+3Csalisbury+40spiretech+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, May 18, 2001 11:24 AM
To:	Salisbury, Holden
Subject:	Fw: Here's my resume.

----- Original Message -----
From: Thad Marney
To: salisbury@spiretech.com
Sent: Thursday, May 17, 2001 7:36 PM
Subject: Here's my resume.
Let me know if you need any other information.

Best Regards,
Thad
 - Thad Marney's Resume.doc << File: Thad Marney's Resume.doc >>


When: Wednesday, October 03, 2001 7:00 AM-8:00 AM (GMT-06:00) Central Time (US & Canada).

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


pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 04/21/2000
12:45 PM ---------------------------

Bob Stevens
04/21/2000 11:26 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Black dog response

Drew:  I've reviewed the nature of this deal with John and Dave.  Can you
please review the legalese (its patterned after the 2/10 letters we sent.)  I
need to send off today.  Thanks


Hi everybody,

We only have a few things left after the Flea  Market last month and we'd really rather not have to pack them!  Attached  is a list of items and asking prices.  We will consider any reasonable  offer just so we don't have to move everything to Florida with us.  If you  are interested in anything, please let us know before Monday, November 26,  otherwise the movers will box it all up.

We also have a few non-scuba items  left:

- Mexican-style hutch (the one that is underneath  our Egyptian market tapestry).  Asking $300
- Antique dresser/commode stand with mirror (it's  in the spare bedroom).  Asking $300
- Lifestep stair climbing machine. Asking  $350

We'll be sending out our change-of-address info as  soon as the house closings are confirmed the last week of November.

Best wishes and lots of fishes,
Kristi and Greg Foster
713-662-3455
 - Last Chance Inventory.xls


Start Date: 4/1/01; HourAhead hour: 9;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040109.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/1/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: FIRM


The PUC issued two draft decisions yesterday on PG&E and SCE rates.  The
drafts, along with appendices that have the proposed rates for the
utilities, can be found at:

http://www.cpuc.ca.gov/cyberdocs/Libraries/WEBPUB/Common/tcsearchresultsdsp.
asp?pagenumber=1&FT=false&fromQSearch=yes&desc=Published+Comment+Decisions

For those unwilling to read long regulatory documents, a three page summary
of the RTP issues prepared by CEC staff is attached.

Comments on the PUC drafts are due today.  Both drafts propose having a
workshop on RTP on May 21.  So we will be busy.

............................................
John Wilson
916.654.5056

"It's bad, and it'll get worse"
-headline, SF Chronicle, 5/9/01

"It's even worse than it appears..."
-Grateful Dead
.............................................


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

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

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

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

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


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

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

Crude     http://www.carrfut.com/research/Energy1/crude50.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas50.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil50.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded50.pdf

July Crude     http://www.carrfut.com/research/Energy1/CLN50.pdf
Brent Continuation     http://www.carrfut.com/research/Energy1/QO50.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG50.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG50.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL50.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


looks fime to me. you are not screwing Kinder Morgan here?  if so I need to look at the agreement.  Weren't we going to terminate that one as of Oct.1 too?

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Monday, September 24, 2001 5:59 PM
To:	Huber, Lee
Subject:	Pemex Transportation Offer

Lee, please review the following offer to Pemex for firm transportation on TW.  I would like you to review the language I have inserted and see if you would like to add to it before I send it to Steve to review.   I also want a few other people to see it before I send to Pemex.  My goal is to get this out tomorrow.  Let me know your thoughts.

Thanks, Kim.

 << File: Pemex Transpecos Transportation Bid on TW.doc >>


New and hopefully improved version, changing confidentiality and the
statement in the term sheet on structure.

Kay


Greetings:
As folks heard, Ken Lay met with some California CEOs last Friday back East.
As a result of that meeting, McNealy, CEO for Sun, asked for some background
and more detail on what Ken Lay proposed as a solution for California during
his meetings in California over the past couple of weeks.  McNealy and others
have expressed a willingness to make phone calls to policymakers, etc. to try
to advance the ball.

I pulled this together very hastily on Friday and take responsibility for all
errors, omissions, ramblings, etc.  Wanted to distribute, however, to make
sure that all had the info that is getting distributed.  Know folks are busy,
but this will likely get distributed to other CEOs this week, so any
comments, suggestions, etc. about how to improve are welcome and appreciated.

Best,
Jeff


Judy ran the overrun report for us. Attached in this section is the TCO run
with my comments on fixes. Joann please look at the other days and contracts.
We will need to figure out how to balance Hopewell without causing overruns
on the retro's. Any ideas???

---------------------- Forwarded by Joan Veselack/Corp/Enron on 04/17/2000
06:49 PM ---------------------------

jhickman@columbiaenergygroup.com on 04/17/2000 10:41:41 AM
To: " - *Stonestreet, Steven" <sstonestreet@columbiaenergygroup.com>, " -
*Joan.Veselack@enron.com" <Joan.Veselack@enron.com>
cc:

Subject: Overrun

Attached is your April to date overrun report.

 - BillingOverrun1.xls


Dick, you need to agree with Max on the scope to be provided by the OE - I
expect high quality service for the money we are paying.  The deal on Friday
is completely dependent on a pre-arranged scope and a minimum quality of
service.  I expect high quality EE&CC  people to be proactively managing cost
and exposure and to be there for the whole process - no pulls to other
business lines.  If Max or Virgo are not happy I am not happy.

I make money you make money.

Thanks for your cooperation.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/21/2000
10:16 AM ---------------------------

	Enron de Mexico

	From:  Max Yzaguirre @ ENRON                           08/21/2000 09:40 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Memo on Vitro Project

Dave:

FYI, I got this from Dick.  Just want to confirm that it's consistent with
your recollection.

Best regards - Max

---------------------- Forwarded by Max Yzaguirre/NA/Enron on 08/21/2000
09:40 AM ---------------------------

	Dick Westfahl @ ENRON_DEVELOPMENT
	08/21/2000 09:02 AM

To: Max Yzaguirre/NA/Enron@ENRON
cc:
Subject: Memo on Vitro Project

Max:

See attached memo on the above referenced project.

Dick