Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 12/05/2000 02:32 PM -----

	Michael Eiben
	12/05/2000 02:31 PM

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

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

mve

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

Michael,

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

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886

	Michael Eiben
	12/04/2000 04:11 PM

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

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

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

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

LEGAL AND PRIVACY INFORMATION

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

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Hi Gerry,

I don't remember anyone signing a notice of lien in Arizona.  I remember
seeing a bunch of lien notices, since they have to send a notice even if
payment isn't due yet.  I always thought that was strange, and sure created
clutter.  I can't remember if there was any requirement that we sign.  Does
Dewey remember?  If you didn't sign and Dewey didn't sign, that doesn't leave
many folks who would have done so.  I guess they could have changed the laws,
though.   Sorry I'm not more help.  I've forgotten more than I've remembered.

If you are near town this evening, we are celebrating Paige's 21st birthday
at Keneally's, staring around 7.  I'll buy.  I can't  believe she is 21. Very
disruptive of my self-perception.

Ciao,

Kay

"Turner, Gerry" <TurnerGerry@bek.com> on 06/07/2001 08:23:14 AM
To: "'Kay Mann'" <kay.mann@enron.com>
cc:

Subject: Arizona

Hello Kay---

I need some free legal advice and you are my favorite attorney.  I'll buy
you a drink as payment in kind.

Try and remember El Paso work in Arizona.  Arizona has statue that says you
must make a twenty day preliminary notice to file a lien.  If you don't file
such notice you waive your right to ever file a lien.  I remember this from
our previous work out there.

We have a vendor who is supplying services to one of our subcontractors.  He
has sent us a twenty day notice to file a lien.  There is no dispute but he
is sending the notice anyway.  I understand all of that.

My question is this----it asks for us (BE&K) to sign and acknowledge receipt
of the notice.  It doesn't exactly read like I am required to acknowledge
receipt.  What do you think or remember?  Am I required to sign the notice
or not.  Minor point I know, but I'd rather not raise the flag in
Birmingham.

Thanks.  I really just want to hear from you and this is all I could come up
with for an excuse to write.

Gerry Turner


WHICH HR IS DIFFERENT?

 -----Original Message-----
From: 	Cashion, Jim
Sent:	Monday, June 18, 2001 9:19 AM
To:	Campbell, Larry F.
Subject:	6/13 DEAL 648796

6/13 - DEAL 648796, NY TRANS ID 5062820, NY IS SHOWING 826.67 MW WHILE ENPOWER IS SHOWING 900 MW.


Please see attached.

Michelle Lawless
Enron Litigation Unit
Tel:  (713) 853-6298
Fax:  (713) 853-6576


Sheila is being held hostage and the guys know that, but they want to have
the call anyway.

	Kay Mann@ENRON
	06/06/2001 07:30 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: Sheila Tweed/HOU/ECT@ECT, Ben Jacoby/Enron@EnronXGate@ECT, Lisa
Bills/Enron@EnronXGate@ECT, Roseann Engeldorf/Enron@EnronXGate@ECT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt@ECT, Stephen.swift@ps.ge.com@ECT,
Michael.barnas@ps.ge.com@ECT, Kent.shoemaker@ae.ge.com@ECT,
kay.mann@enron.com@ECT, john.schroeder@ps.ge.com@ECT, Bill
Williams/ENRON@enronXgate@ECT, Ed B Hearn III/HOU/ECT@ECT, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT
		 Subject: Re: WEEKLY CONFERENCE CALL - DATE CHANGE

I can't make the call on Thursday.  I'm not sure that Sheila can either.
I'll leave the go/no go Enron vote to Sheila.

Kay

From: Suzanne Adams@ECT on 06/05/2001 03:16 PM
To: Sheila Tweed/HOU/ECT@ECT, Ben Jacoby/Enron@EnronXGate, Lisa
Bills/Enron@EnronXGate, Roseann Engeldorf/Enron@EnronXGate, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Stephen.swift@ps.ge.com,
Michael.barnas@ps.ge.com, Kent.shoemaker@ae.ge.com, kay.mann@enron.com,
john.schroeder@ps.ge.com, Bill Williams/ENRON@enronXgate, Ed B Hearn
III/HOU/ECT@ECT, John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: WEEKLY CONFERENCE CALL - DATE CHANGE

The weekly GE conference call will be held on Thursday, June 7, 2001, at 1:30
p.m. CDT.

Dial In: 1-888-285-4585

Participant: 536220

Host:  121970 (Sheila)


Team,

We are still waiting on the Agreements to be returned to us for the Camden
Driscoll Ranch #3 Well.  We should receive them by Monday, December 4, 2000.
I spoke with the field guy today (Bobby Husky) and he stated that the well
would not be ready to turn on until 3 weeks from now.  He said that an amine
plant is being installed.  Therefore, we are waiting on them.  This is just
an FYI to everyone.    This will still be booked for December 2000.  Please
forward this email to anyone that I might have left out.

Thank you!
JoAnne
X68228


But I don't know what time I'm going to get out of here.  Do you really want to wait until 3:00?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, May 25, 2001 12:31 PM
To:	Huble, Amanda
Subject:	RE:

I would rather wait

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Friday, May 25, 2001 12:25 PM
To:	Maggi, Mike
Subject:

You might as well go and play golf, I probably won't get out of here until 2 or 3

Amanda K. Huble
Gas Fundamentals
Phone: (713) 853-4384
Pager: (877) 482-0772
Fax: (713) 646-8453


It has been Sylvia's understanding that Nicor Gas Company is a hub which is a storage facility, not the inverse.  We believe there has been a misinterpretation as to what has been stated.  In fact, these contracts have been setup since 1995.

Attached please find the contracts for Nicor Gas Company and Northern Illinois Gas Company.

These contracts have existed in the Global Contracts system.  Per the letter dated January 23, 1998, Northern Illinois Gas Company changed its name to Nicor Gas Company.  It indicated that any existing contracts did not have to change its name to Nicor Gas Company.  Thus, the contracts remained under the name Northern Illinois Gas Company.  Further, these existing contracts were Parking, Storage, Transportation and Pooling Service Agreement.

We suggest that you setup deal tickets and if necessary, we setup new contracts with the service of Balancing ,Wheeling and Loan.  These contracts will feed to Unify accordingly.  Some of the contracts already have deals, which is indicated on the contract title or you can run the Sitara Report to locate the deals behind the contracts.

If you need our assistance, please do not hesitate to contact us.

Thank You.

Marlene D. Hilliard
 -----Original Message-----
From: 	James, Marlo C.
Sent:	Thursday, November 01, 2001 7:27 AM
To:	Pendergrass, Cora; Keiser, Kam; Hilliard, Marlene
Cc:	Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Mims, Patrice L.; Wesneske, Brian
Subject:	RE: Nicor Hub contracts

That will be good going forward if all goes well, however we still need to address the outstanding issues in order to clear the Receivables and Payables.  I will be giving Marlene a copy of the tariff and see if she can get contracts setup.

Let me know how the test goes.

Thanks,
Marlo

 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Thursday, November 01, 2001 7:05 AM
To:	James, Marlo C.; Keiser, Kam; Hilliard, Marlene
Cc:	Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Mims, Patrice L.; Wesneske, Brian
Subject:	RE: Nicor Hub contracts

We are changing how we put in these tickets effective November 1 to be on CPR exchange tickets.  When I get my reports for October we will go out and set up storage contracts for what we have right now and start using them accordingly.  Part of the problem has been in the way we have to send Nicor on an EDI process.  I am going to revisit and see if we can test in stage doing it thru CPR tickets and if that works then there should be no problem.  Please keep me posted and anything I can do to be of assistance please let me know.

Thanks,

Cora
 -----Original Message-----
From: 	James, Marlo C.
Sent:	Wednesday, October 31, 2001 4:25 PM
To:	Keiser, Kam; Hilliard, Marlene
Cc:	Valderrama, Lisa; Saucier, Darla; Anastas, Sherry; Love, Phillip M.; Campos, Sylvia A.; Wynne, Rita; Mcclure, Mark; Kinsey, Lisa; Pendergrass, Cora; Mims, Patrice L.
Subject:	Nicor Hub contracts

We, Vol Mgmt and Settlements are still trying to get the Nicor/Northerin Illinois Gas deals cleared through Unify.  Kam had tried to help Kathy Kelly and I last year with putting in storage tickets for the deals that address the Balancing/Wheeling/ and Loan volumes that ENA is charged by the Hub every month.  These volumes are coming through the Supply verifications and Sales invoices but are not being paid, nor being sent out and therefore creating issues for Settlements.   I remember that Sylvia Campos had stated that those tickets were not possible to put in because Nicor is an Hub not a storage facility.  My Nicor rep. faxed me copies of their tariff effective July15, 1999 stating they have the capacity for storage and transportation, so I'm a little confused what the problem is that is preventing us setting Nicor up correctly in global and Unify to handle these types of storage deals individually.

Any assistance with this would be greatly appreciated as we are showing a $4 million receivable outstanding for settlements and a $1.1 million payable on the service side and need to get these cleared as soon as possible.  I can make a copy of the tariff that I have just let me know.

Thanks,
Marlo James


Dear all,

I'm deeply grateful to you all for your generous help and contribution to our
project of having Japan's Nikkei Business magazine carry a "Enron
Cover-Story" in its April 9th edition.

I received the magazine's April-9 issue today, and confirmed Enron was
carried as a real cover-story with 16 pages in it. It uses 8 pages to cover
Enron and Enron Japan, and uses another 8 pages to discuss other
electricity-deregulation related topics in Japan. The deregulation-related
parts also include stories which are very much supportive to Enron Japan's
messages - such as Japan's electricity prices are 2-3 times higher than the
international average.

The headline of "Enron Arrives" with Enron Logo is on the magazine's front
page, and photos of Enron building and others that we provided are nicely
used in the article.

The article itself is more or less balanced one which is good enough to
introduce Enron to the Japanese audience, though the reporter uses ironic
expressions here and there. The article also includes a column on California
crisis with the jump headline of "the cause of the California problem is not
deregulation, but is miserable design of regulation."

Thanks to your contribution, I believe this project proved a great success,
and the article will successfully raise Enron's visibility in Japan, while
our commercial staff will be able to show this high-profile magazine to their
potential customers and business partners.

Thank you so much again for your time and help, and I will send you full
translations of the article early next week.

I hereby attached some of scanned photocopies of the article.

warm regards,
Mika


Dear ICE Participant,

As per your request, we have set up a new user ID and Password for the
following user on ICE.

Chris Germany-713-853-4743 (Trader-Financial Gas, Trader-Physical Gas)

Please call the IntercontinentalExchange Atlanta HelpDesk, at your
convenience, to receive them.
+1-770-738-21011
Mon (12am) - Fri (5pm) EST.

Thank you,
Ken Adams
IntercontinentalExchange, LLC
2100 RiverEdge Parkway
Fourth Floor
Atlanta, GA 30328
Office: +1 770 738 2101
Email: ken.adams@intcx.com


Please mark your calendar for the Transportation and Logistics Customer Happy
Hour on Thursday Sept. 21st.
It will be at Ninfa's starting at 4:00 pm.  Thanks,  Pat


Here it is....

Christina Valdez
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com


From Ben Glisan:

Please be advised that the EGF Offsite is scheduled for Wednesday, June 13th from 1:00 - 5:00 p.m. and will be held in EB30C1.   Video conferencing will be available for those not able to attend in person.  Only VP and above will be invited to the Offsite.  Cocktails will follow directly after the meeting.  (Place to be determined).

The meeting will be coordinated by Kelly Boots and Barry Schnapper.

Please advise if you will not be able to attend.


Stinson,

I am going to do the PRC review for Bob and Paulo.
If your time permits, please join me for these two meetings.

Bob:     9:00 am

Paulo: 10:00 am

I attended the PRC training, they suggested letting employees
read their review before the meeting.  So I did that.  Here are the
two files attached.

Zimin


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
04:58 PM ---------------------------

Rosemary Fitzgerald <rfitzgerald@IIRLTD.CO.UK> on 02/23/2000 10:50:48 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Dear Mr. Kaminski

Dear Mr. Kaminski

I am emailing to introduce myself to you as the new producer for the PoweRisk
conference. I am in the process of developing the draft programme for the
2000 event, and this is the reason that I am contacting you.

Building on the success of last year's event, which attracted over 230
delegates from across Europe and the US, PoweRisk 2000 will once again
feature more than 50 leading power industry experts and academics world-wide.
There will also be a comprehensive exhibition running alongside, cocktail
parties,, champagne roundtables, in-depth workshops * and numerous other
opportunities to catch up with your colleagues.

Throughout the course of my research, I have been speaking with many of the
people who attended the workshop you led with Prof. Geman and Alexander
Eydeland last year. The feedback has been extremely favourable and many
expressed a wish to see you both participating in the main conference this
year.

I appreciate that you have an incredibly busy schedule, and to this end, I
wanted to contact you at this early stage with regard to the dates for this
year's PoweRisk conference and to outline my list of queries to you, prior to
calling your office tomorrow.  I would very much like to extend an invitation
to you to deliver an address at this year's main conference. The conference
will be taking place in Paris, on the 4th and 5th of October (with workshops
taking place on the 6th)

The workshop topic last year dealt with the latest developments in risk
management, pricing and trading of electricity derivatives. I would be most
grateful if you could spare me some time tomorrow on the phone to discuss
this area with me, and in particular the issues that you are finding most
relevant to your work with Enron at present.

The need to build a programme which truly reflects the needs of the global
power trading and risk management industry is clear in such a
conference-saturated market. To achieve this we formed our Energy Derivatives
Advisory Board last year for advice on all aspects of programme development
and speaker acquisition. Chaired by Prof. Helyette Geman, the Board members
currently include: Ehud. I. Ronn, Mark B. Garman, Dragana Pilipovic, Blake
Johnson, Les Clewlow, Chris Strickland and Christian Vrolijk. This year we
are expanding the scope of the Advisory Board and  inviting a number of new
members*, including Jeffrey Skilling of Enron, Bruce Williamson of Duke
Energy, Heinz Dieter Waffel of PreussenElektra, Harvey Padewer of Duke
Energy, Alexander Eydeland of Southern Company Energy Marketing, John Shapiro
of Morgan Stanley Dean Witter and Jeff Porter of Koch Industries

* (all confirmed and invited Board Members are past speakers at the ICBI
PoweRisk event)

This year, I would also like to invite you to join our Energy Derivatives
Advisory Board. In return for your evaluation of the draft programme and
suggestions of possible improvements and potential speakers, you would be
entitled to full branding as an Advisory Board member on the conference
brochure and all conference documentation, first choice on speaking slots, a
free pass if not speaking, and further discounted registration for clients or
colleagues.

I will call your office tomorrow and would be very grateful if you could
spare me a few moments to discuss the above proposals. I will also email this
letter to you.

My contact details are as follows:
Tel: +44 171 915 5194
Fax: +44 171 915 5101
Email: rosef@icbi.co.uk

I look forward to speaking to you and very much hope that I will have the
opportunity of working with you on this year's PoweRisk conference.

Yours sincerely

Rosemary Fitzgerald
Director, PoweRisk 2000


Rex: I have an article to fax to you please send me your fax #. I hope all is
well in Amarillo. Longhorns look good, this weekend will be a good test for
them. Tiff and the kids are great. Both kids are very excited to be in
school, lets hope that this enthusiasm last for another 16 years. Brad


Due to the U. S. and London markets being closed Monday, May 28, 2001 in
observance of Memorial Day in the United States and Spring Bank Holiday in
London, the Consolidated DPR for Friday May 25 will be reported Tuesday May
29.  Any trading activity that occurs in countries that do not observe a
holiday on Monday, will be combined with Tuesday, May 29 trading activity,
and reported on the Consolidated DPR on Wednesday, May 30.

Please let me know if you have any questions.

Thanks,
Johnny Thibodeaux
713-345-4541


Gerald,

Did you have a chance to review the letter of intent to Lone Mountain for
gas processing?

Ken Krisa


Per a call from Rod today, our executed master list hasn't picked up the
following name change:  Lomak Petroleum Inc. to Range Resources Corporation.

Thanks!


Please call if you have any questions.

Thanks,
Joannie
3-1769


We have received an executed financial Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 15, 2001

Enron Entity:   Enron North America Corp.

Counterparty:   Sequa Corporation

Transactions Covered:  Approved for all products with the exception of:
Foreign Exchange

Confirming Entity:  Enron North America Corp.

Governing Law:   Texas

Copies will be distributed.

Stephanie Panus


Sorry I guess I didn't read it very well.  It's ok with me.


---------------------- Forwarded by Steven J Kean/NA/Enron on 07/05/2001
08:48 AM ---------------------------

enron_update@concureworkplace.com on 07/03/2001 02:09:20 PM
To: "Steven Kean" <skean@enron.com>
cc:

Subject: <<Concur Expense Document>> - JB 005

The following expense report is ready for approval:

Employee Name: John  . Brindle
Status last changed by:  Automated Administrator
Expense Report Name: JB 005
Report Total: $10,697.32
Amount Due Employee: $10,697.32

To approve this expense report, click on the following link for Concur
Expense.
http://expensexms.enron.com


I agree with the exception of point 3 below.  I plan for them to be one of
several authorisers of bills (in no case however, the only authorisers).
Also, I spoke to Sally about the "agency" office and she agrees that in the
short term, the agency plan is what we need to implement.  However, a
mentioned by both Ted and Sally, we need to discuss what the ultimate goal is
for these offices (will they continue to exist?).  Let's call what we plan to
implement now "Phase I".

Best regards

To: Richard Sage/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Fernley
Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT, Shona Wilson/NA/Enron@Enron, Ted
Murphy/HOU/ECT@ECT, Naomi Connell/LON/ECT@ECT

Subject: Re: Trading v Origination Offices

Thanks - I think this is a good start as far as roles go, but as I outlined
to Shona last week, we should apply some basic rules to the process, (forgive
me if obvious) for example:

Rule 1: No confirmations issued, chased or matched by remote offices

This should be done centrally and further all the customers of the remote
office should be given contact numbers (e.g. fax) at the operations hub. That
way any incoming confirmations etc go to the independent ops group.

Rule 2: No cash payments or receipts in respect of transactions approved or
reconciled by remote offices

Operations hubs should reconcile cash movements to changes in position.

Rule 3: No physical settlements or receipts in respect of transactions
approved or reconciled by remote offices

This splits the logistics process somewhat, but is essentially as with cash
in that every movement of physical product should be approved (where
necessary) and reconciled to movements in the position at operations hubs.
The "initiation/optimisation" aspect of logistics could remain remote, since
arguably it involves pseudo - trading.

Not exhaustive but helpful I hope.
DP

Richard Sage@ECT
08/21/2000 03:40 AM
To: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT
cc: Fernley Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT, Shona
Wilson/NA/Enron@Enron, Ted Murphy/HOU/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON, Naomi Connell/LON/ECT@ECT

Subject: Trading v Origination Offices

Sally, Brent,
There are three MG offices in North America outside New York which, previous
to the acquisition by Enron, acted much as trading offices.
Shona and Naomi have worked with the people in New York to put in place extra
controls so that they are not trading offices, for example having a trader in
New York or London own each book and sign off on profit daily.
This process has highlighted the fact that our non-trading offices are not
all the same, and cannot reasonably all be the same.
Some offices organise logistics things to happen on the ground, some
originate, and some execute for Trading Offices.

is a suggestion for how we can make this division explicit.
All the cc above are bought in to this approach.
What do you require to be comfortable so that we can put it up to Causey and
Buy?

It is worth noting that this approach would have caught Helsinki, except for
the Contract-in-a-bottom-drawer, but no system of control can reliably catch
that, as was evidenced by EOTT.

Thanks,
Richard


I rolled deal 128952.

Jackie Young
04/10/2000 05:10 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: 98-6373

Here I go again....................

98-6373, Sitara deal #128952 expired 3/31/2000.

Flow for the following days are:

4/1 .461 decatherms
4/2 .453         "
4/3 .62           "

This meter has a 16-day chart.  Don't know if more volumes will show up later.

Help?

Thanks
-Jackie-
3-9497


<< > Lesson Number One
 >  *****************
 >   A crow was sitting on a tree, doing nothing all day.
 >  A small rabbit saw the crow, and asked him, "Can I also sit like you
 >  and do nothing all day long?" The crow answered: "Sure, why not." So, the
 >  rabbit sat on the ground below the crow, and rested. All of a sudden,
 >  a fox appeared, jumped on the rabbit and ate it.
 >
 >  Management Lesson: To be sitting and doing nothing,
 >  you must be sitting very, very high up.
 >
 >  Lesson Number Two
 >  *****************
 >   A turkey was chatting with a bull.
 >
 >  "I would love to be able to get to the top of that
 >  tree," sighed the turkey, "but I haven't got the energy.
 >
 >  "Well, why don't you nibble on some of my
 >  droppings?" replied the bull. "They're packed with nutrients."
 >
 >  The turkey pecked at a lump of dung and found that
 >  it actually gave him enough strength to reach the first
 >  branch of the tree.
 >
 >  The next day, after eating some more dung, he
 >  reached the second branch.
 >  Finally after a fortnight, there he was proudly
 >  perched at the top of the tree. Soon he was promptly spotted by a farmer,
 > who
 >  shot the turkey out of the tree.
 >
 >  Management Lesson: Bullshit might get you to the
 >  top, but it won't keep you there.
 >
 >  Lesson Number Three
 >  *******************
 >   When the body was first made, all the parts wanted
 >  to be Boss.
 > The brain said, "I should be Boss because I control the whole body's
 >  responses and functions."
 >
 >  The feet said, "We should be Boss as we carry the brain about  and
 >  get him to where he wants to go."
 >
 >  The hands said, "We should be the  Boss because we do all the work
 >  and earn all the money."
 >
 >  And so it went on and on with the heart, the lungs
 >  and the eyes until finally the asshole spoke up. All the parts laughed
 >  at the idea of the asshole being the Boss. So the asshole went on
 >  strike, blocked itself up and refused to work. Within a short time the
 > eyes
 >  became crossed, the hands clenched, the feet twitched, the heart and
 >  lungs began to panic and the brain fevered. Eventually they all decided
 > that
 >  the asshole should be the Boss, so the motion was passed. All the other
 >  parts did all the work while the Boss just sat and passed out the shit!
 >
 >  Management Lesson: You don't need brains to be a
 >  Boss - any asshole will do.
 >
 >  Lesson Number Four
 >  ******************
 >   A little bird was flying south for the winter. It
 >  was so cold, the bird froze and fell to the ground in a large field.
 > While
 >  it was lying there, a cow came by and dropped some dung on it. As the
 >  frozen bird lay there in the pile of cow dung, it began to realize how
 > warm
 >  it was. The dung was actually thawing him out! He lay there all warm and
 >  happy and soon began to sing for joy. A passing cat heard the bird
 >  singing and came to investigate. Following the sound, the cat discovered
 >  the bird under the pile of cow dung and promptly dug him out and ate
 >  him!
 >
 >                          Management Lessons:
 >
 >           1) Not everyone who drops shit on you is
 >  your enemy.
 >           2) Not everyone who gets you out of shit is
 >  your friend.
 >           3) And when you're in deep shit, keep your
 >  mouth shut! >>


(See attached file: Import & Export Prices.pdf)(See attached file: Jobless
Claims.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
 - Import & Export Prices.pdf
 - Jobless Claims.pdf


Christian,
 I received your email when I got back this morning.  Yes I had a great
holiday.  Hopefully yours was the same.  Our Credit group has agreed to
changing the collateral threshold from 10MM to 15MM for both parties.  Please
make that change in the contract in section 4.5 in each of the places where
10MM is located, print 2 originals of each, have them signed, and forward to
me for further handling with Enron North America Corp.

	"Pfister, Christian W." <CWPfister@cps-satx.com>
	01/02/2001 11:31 AM

		 To: "'Dan.J.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		 cc:
		 Subject: FW: FW: FW: Enfolio Contract with CPS

Mr. Hyvl,

Happy New Year!  Hope you enjoyed the holidays.  Did you have a chance to
see if we could raise the threshold of $10 million for a Letter of Credit?
(see message below)

-----Original Message-----
From: Pfister, Christian W.
Sent: Monday, December 18, 2000 1:58 PM
To: 'Dan.J.Hyvl@enron.com'
Subject: RE: FW: FW: Enfolio Contract with CPS

I agree.  The Accounting Dept. informed me that there are two days that
sometimes land on the 25th that CPS considers a holiday.  One is the day
after Thanksgiving and the other is during Fiesta for the Battle of Flowers
Parade.  I requested that they just pay a day early if the 25th lands on one
of these CPS holidays.

I have one more request, however.  In 4.5. Collateral
Requirement/Termination Payment Threshold, could you raise the threshold of
$10 million for a Letter of Credit to $15 or $20 million (whatever you feel
comforable with)?

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, December 15, 2000 5:57 PM
To: CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject: Re: FW: FW: Enfolio Contract with CPS

Christian,
     I believe this is covered because the language states that if the 25th
is not a
Business Day, the payment will be due the next Business Day.  Business Day
is a defined term as a day when the Federal Reserve Banks is New York are
open for business.  I cannot agree to a Customer's Business Day because it
is not a defined term and may differ from the standard definition of
Business Day.  Therefore that change should not be incorporated.  Do you
agree?

                    "Pfister,

                    Christian W."         To:     "'Dan.J.Hyvl@enron.com'"

                    <CWPfister@cps        <Dan.J.Hyvl@enron.com>

                    -satx.com>            cc:

                                          Subject:     FW: FW: Enfolio
Contract with CPS
                    12/15/2000

                    05:48 PM

Mr. Hyvl,

There was one change that you did not make that I requested.  It was
difficult to tell since only a single word was bolded.

APPENDIX "1"  FINANCIAL MATTERS  BILLING, INVOICE DATE, CHARGES AND PAYMENT

"Buyer shall remit any amounts due on the 25th day of the Month in which
Seller's statement was received.  If the due date for any payment to be
made
under this Agreement is not a Customer's Business Day, the due date for
such
payment shall be the following Customer's Business Day."

There are very few instances where our Business Day would be different from
your business day.  However, as an example, the day after Thanksgiving is a
CPS holiday.  This year, we had a gas payment due on that date which we
sent
on the following Monday.  This is probably the only holiday CPS has that
your company may not have.

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, December 15, 2000 4:57 PM
To: CWPfister@cps-satx.com
Subject: RE: FW: Enfolio Contract with CPS

Christian,
     Attached is the modified contract with the changes you requested.
Please print off 2 originals and have them signed.  Please fill in the
purchase order number information on the invoices section of Exhibit A.  If
the number is not available, them please delete the information requiring
the number from the billing and payment provision.  Forward the signed
copies to me or Janet Wallis and we will proceed with execution by ENA.
(See attached file: CITYPublicServiceSanAntonio.doc)

                    "Pfister,

                    Christian W."         To:     "'Dan.J.Hyvl@enron.com'"

                    <CWPfister@cps        <Dan.J.Hyvl@enron.com>

                    -satx.com>            cc:

                                          Subject:     RE: FW: Enfolio
Contract with CPS
                    12/15/2000

                    04:16 PM

Unfortunately, we don't have a purchase order issued yet so I can't give
you
a number.  I know that would make it easier for you guys, but I don't think
we can issue one until right before the first gas purchase.  First, a
purchase requisition needs to be issued.  Then, a purchase order will be
released following approvals by the various individuals authorized to sign
off on them.

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, December 15, 2000 4:13 PM
To: CWPfister@cps-satx.com
Cc: Janet.H.Wallis@enron.com
Subject: RE: FW: Enfolio Contract with CPS

Christian,
     If the purchase order number will be the same for all deals under the
contract, can you give me the number so that I can include it as a part of
your address for Invoices.

(See attached file: CITYPublicServiceSanAntonio.doc)


Where does this stand?  Have you received the guaranty from Clem?
----- Forwarded by Sara Shackleton/HOU/ECT on 07/06/2000 08:31 AM -----

	mrgelnett@nyseg.com
	06/07/2000 03:29 PM

		 To: "Susan Flynn" <Susan.Flynn@enron.com>
		 cc: "Sara Shackleton" <Sara.Shackleton@enron.com>
		 Subject: Re: ISDA Master Agreement with NYSEG

Susan,
     My Attorney and I have review the ISDA Schedule and CSA.  I am faxing it
in
liew of time with margin notes.  Please call to discuss 607/762-7688.

Maria

"Susan Flynn" <Susan.Flynn@enron.com> on 05/08/2000 08:49:18 PM

To:   Maria R. Gelnett@NYSEG
cc:   "Sara Shackleton" <Sara.Shackleton@enron.com>
Subject:  ISDA Master Agreement with NYSEG

     Attached for your review and comment is a draft ISDA Master Agreement.
We
are reviewing your comments to the Enron Corp. Gty. and will get back to you
later this week.   Please  call either Sara Shackleton at (713) 853-5620 or me
at (713) 853-0975 with your comments or questions.

(See attached file: 173ctr.doc)

 - 173ctr.doc


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/10/2001
09:20 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/10/2001 09:14 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--4/10/01


FYI....

AA is request to see ALL new deals in both tagg and sitara for the past two months.  I left her a message to clarify that they want all deals.  That is a unreasonable I think.  I'll let you know what she says.

KK

-----Original Message-----
From: jennifer.h.staton@us.andersen.com
[mailto:jennifer.h.staton@us.andersen.com]
Sent: Tuesday, November 27, 2001 10:15 AM
To: Keiser, Kam
Cc: Gossett, Jeffrey C.; sharon.k.smith@us.andersen.com;
mark.c.austin@us.andersen.com; mark.m.meador@us.andersen.com
Subject: Gas Stub Period Testing

Kam,

Per your conversation with Sharon this morning, please find below the email
that we sent yesterday in regards to our gas stub period testing.

We would like to begin the preliminary stages of our second phase of stub
period testing as part of our Natural Gas Audit.  In order for us to do so,
we will need your assistance in obtaining all transactions entered into
from October 1, 2001 through and including November 30, 2001 from both TAGG
and Sitara.  Since we are selecting the deals we would like to test
statistically, we will also need to ensure that deals entered into both
Sitara and TAGG are included only once in our population.  In addition, we
will be requesting all transactions entered into during December 2001 from
both TAGG and Sitara at the end of the year.

In relation to our first phase of stub period testing, we are in the
process of assessing and testing the documentation provided thus far and
will be sending an additional request later this week.

Thanks for all your help.  If you have any questions, please call me at
X6-6269.

Jennifer
*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If
you are not the addressee indicated in this message (or responsible for
delivery of the message to such person), you may not copy or deliver this
message to anyone. In such case, you should destroy this message and kindly
notify the sender by reply email. Please advise immediately if you or your
employer do not consent to Internet email for messages of this kind.
Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.


Attached please find the following documents:

Thanks,
Lydia

x3-9338


---------------------- Forwarded by Tracy Ngo/PDX/ECT on 01/25/2001 11:55 AM
---------------------------

"Candy Mak" <cwmak@calpx.com>@calpx.com> on 01/25/2001 11:34:38 AM
Please respond to cwmak@calpx.com
To: "Tracie Ngo" <tngo@ect.enron.com>
cc:

Subject: Security Control Report

Please find attached the Security Control Report for 01/25/2001.

Call if you have questions, 626-537-3356.  Regards,

Candy Mak (cwmak@calpx.com)
 - SECURITY_EPMI_20010125.htm


---------------------- Forwarded by Andrea Ring/HOU/ECT on 04/05/2001 03:55
PM ---------------------------

	From:  Karen D McIlvoy                           04/05/2001 09:08 AM

To: Barry.Belcher@PSS.boeing.com, Elizabeth Rivera/Corp/Enron@ENRON
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd: WOMEN????

Mangled Manhood
>
> A man was in a terrible accident, and his "manhood" was mangled
> and torn from his body. His doctor assured him that modern
> medicine could give him back his manhood, but that his insurance
> wouldn't cover the surgery, since it was considered cosmetic.
>
> The doctor said that the cost would be $3500 for small, $6500 for
> medium, and $14,000 for large. The man was sure he wanted a
> large, but the doctor urged him to talk it over with his wife
> before he made any decision. The man called his wife on the phone
> and explained their options. The doctor came back into the room,
> and found the man looking quite dejected.
>
> "Well, what have the two of you decided?" asked the doctor.
>
> The man answered, "She'd rather remodel the kitchen."


ADMINISTRATIVE

Japan National Television - John Ambler and Mike Terraso were interviewed
regarding Enron's Climate Change iniatives and statement.

Enron Campus - Ken Lovejoy and Clifford Salawage of ETS (manager Health and
Industrial Hygiene) met employees in the Enron building that have concerns
about the indoor air quality in their work area.  The issue is being
evaluated to determine an action plan.

EUROPE

Poland, ENS Power Plant - Alan Stringer conducted EHS gap analysis audit of
the facility and made recommendations on additional procedures required to
meet Enron Guidelines and provided advice on EHS aspects for exit strategy of
the site.

UK, Project McCook - Alan Stringer participated in a conference call with
Susan Worthen, Don Stevens, and Robert Brooks to discuss environmental issues
related to indemnification.  This deal is estimated to be signed next week..
Susan,s Team will need to conduct a due diligence within 60 days.

Japan, Brownfield Site  - Alan Stringer provided technical assistance and
requested historical information on potential brownfield site that EEOS are
considering in Japan.

UK, EPOL - TPS -    Alan Stringer and Henry Van are preparing the final list
of EHS issues from the O&M audit to be presented to Mike Terraso for
resolution.

ENRON GLOBAL ASSETS
(Central America, South America, India and Asia)

San Juan Gas Remediation - field evidence indicates that the tar has migrated
off-site to the neighbor,s property.

ENA

N. York, Edison Mission Brooklyn Navy Yard Facility - Bill Curra completed
the environmental due diligence evaluation of the Edison Mission cogeneration
plant for NE Power Origination.  Indications are favorable that the
acquisition will go forward, and further risk management assistance relating
to environmental issues will be required.

ACQUISITIONS

Sithe Independent Power Partners - 1000 MW combined cycle natural gas fired
cogeneration facility located in the Town of Scriba, County of Oswego, NY.
ECT is interested in entering into a 40% limited partnership with no O&M
responsibility.  Don Stevens has learned that ECT has submitted their bid to
Sithe and is awaiting a response.

GREENFIELD CAPITAL PROJECTS

Offshore LNG Vaporization Terminal - California - Gus Eghneim (Enron Corp)
has been asked to manage environmental permitting for an offshore LNG
vaporization terminal in California.  Gus has agreed to keep Joe Kolb
informed and involved at the next meeting.  The project is in the very early
stages of consideration.

DEPARTMENT PROJECTS

Social Responsibility Risk Assessment Tool - Gavin Dillingham met with Lauren
Iannarone and they decided to add some more functionality to the database.
They will add a section for case studies, transaction cost and industry type.
Once this is done it will be populated and the prototype will be demonstrated
to interested Enron business units.

REGULATORY TECHNICAL ANALYSIS

Enron IT Employee Receives Ergonomics Relieve - Russell Tucker located a
workstation solution to allow the raising of the desk top in selectable
increments to provide back strain relieve to an Enron IT employee that is 6'
8" tall. The replacement desk will also allow the employee to remain in his
present location within his work group with the desk fitting within the
original desk space.

COMPETITIVE INTELLIGENCE & BUSINESS OPPORTUNITIES

California Power Development -- NEPA Review -  Jeff Keeler and Mary Schoen
held a meeting with EWS/ENA West power developers to discuss a proposed
project in Roseville, CA.   Since the project must connect to the Western
Area Power Administration (WAPA) through a substation, WAPA is suggesting
that it may need to perform not only a NEPA analysis from the Enron project
to the substation, but on the entire WAPA grid, due to NEPA's mandate to
analyze "all downstream impact."   Jeff and Mary are working on strategies to
determine:  1) if it is legally feasible to conduct NEPA review just for the
Enron project portion so that Cal. Energy Commission process is not delayed
and 2)  if agencies involved in NEPA review will comply with Bush executive
orders mandating expedited review of power project permit applications.

Emissions Control Technology -- Clean Coal Funding - Jeff Keeler discussed
with EGM a preliminary strategy for pursuing DOE clean coal program funding
for a demonstration project or commercialization grant for the Clean
Solutions Group's "NOx Tech" pollution control technology.

Voluntary Greenhouse Gas Emissions Target Analysis - ; Lisa Jacobson and
Susan Worthen offered recommendations and analysis on voluntary greenhouse
gas emissions commitments to Mike Terraso.; Lisa continued to identify
opportunities and business activity related to greenhouse gas emissions
issues (Climate Neutral Network conference, GEMI conference).

Global Climate Change -  Lisa Jacobson continued to provide intelligence to
business units and corporate groups on climate change policy developments,
including:
Canada's negotiations with the EU and announcement that it may work to
support the Kyoto protocol
Japan's discussions with the US and EU, and resulting announcement that Japan
will not move forward with any climate change agreement without the US.
Delay in release of EU climate change policies (coordinated with Govt.
Affairs, Brussels/London)
US congressional activity on climate change

Sterling Energy/Renewable Desk - Stacey Bolton followed up w/CEO and COO from
Sterling Planet regarding the renewable desk potentially supplying them green
tags. Organized call between Sterling and ENA West for next week to explore
business opportunities.;; Stacey is working with Sarah Novosel (Reg Affairs,
Washington) to detail Enron's position before FERC regarding intermittency.;
Elliot Mainzer is speaking at;a FERC hearing;in July, and coordinating
position w/ Sarah.

ADVOCACY & COMMERCIAL SUPPORT

Multipollutant & New Source Review Strategies - Jeff Keeler and
representatives of the power generation industry met with EPA concerning its
90-day review of the NSR program and its proposed recommendations to the
White House.   The group briefed EPA staff from the Administrator's office,
Office of Air and Radiation, NSR Enforcement office and White House Council
of Economic Advisors on NSR concerns for new power development and our
proposed multipollutant solutions that could offer and alternative to NSR.

Global Climate Change - Lisa  Jacobosn and Jeff Keeler continued work on a
number of initiatives with commercial and corporate groups:
Congressional advocacy - Lisa represented Enron at a Climate Change lobby day
sponsored by several environmental groups. Enron was the only company to make
a formal presentation on its position on global climate change.  About 100
delegates were present, representing the scientific, religious, business and
environmental communities from Washington, New Mexico, Ohio, Florida,
Illinois, Indiana, Iowa, Louisiana, Maine, New Hampshire, Michigan, and
Maryland.


Nick,

Thanks for your message. My family is in Houston for the Christmas holidays
and  this means I am not coming any time soon to Stanford.
I shall probably visit the campus for the Parents Weekend. Let's
plan to meet for dinner then.

I am very glad that you have recruited the 2nd PhD student for the research
project.
We are discussing internally what would be the best topic(s) for the project
and we should be ready to talk to you in the nearest future about it.
It makes a lot of sense for you to visit Enron to finalize the selection
of the research topics.

We shall be glad to take both Eric and Giuseppe as summer interns.
Everybody  was immensely impressed with Giuseppe and we shall
welcome him with open arms.

I shall get in touch with you in the beginning of January to finalize the
arrangements for your trip and our meeting at Stanford.

Vince

Nick Bambos <bambos@stanford.edu> on 12/20/2000 12:14:40 PM
To: Vince.J.Kaminski@enron.com
cc: Stinson.Gibner@enron.com
Subject: Stanford Project

Hello Vince and Stinson,

First of all,

BEST WISHES FOR HAPPY HOLIDAYS!!!!

If you are in the Stanford area during the holidays, let's get together
some time to have dinner.

I have formally established the project - thanks again for funding
it - and I have also recruited the second PhD student. His name is
Eric Cope, and he is a top-notch student, very mature, and entrepreneurial!

We have started working on some interesting problems in this area. I would
hope that Eric could spend the coming summer at Enron to get immersed into
the "problem/opportunity generation environment." That really helps the
student
to develop a realistic vision about their research.

Perhaps, our whole team could visit Enron again some time in the next quarter,
say in March or so, to discuss the research issues we are pursuing. And of
course
you could visit us before that too.

With my WARMEST WISHES,

Nick


Guys, I noticed that the corporate tax allocation to ENA has more than
doubled from 2000 forecast to 2001 plan ie) $1,600,000 from $700,000.  Could
you please explain.  Our goal which is being met in ENA's direct expense
groups is to remain flat year or year from 2000 to 2001.

Regards
Delainey


We agree

"Eileen Ponton" <kponton@duke-energy.com> on 04/23/2001 10:40:21 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM, LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOMS / ACTUAL VOL FOR APRIL 20TH & 21ST

DATE      NOM       MCF       MMBTU
4/20      25,000         24,402          25,061(FLOWED FROM 13:00 TO 9:00
AM - 20 hours)

4/21      15,625         15,829          16,256 (FLOWED FROM 9:00 AM TO
24:00 - 15 hours)

btu = 1.027


These look ok.  I'm still unhappy with using an average of the index for each
day when there is only one index for the entire month but I guess we're stuck
with it for now.

Dale Neuner on 02/17/2000 04:41:54 PM
To: Mark Taylor/HOU/ECT@ECT
cc: Mike Grigsby/HOU/ECT@ECT
Subject: New Basis Swap Products

Please review and offer comments/approval.

Dale


Shirley,

Please, ask me about it.

Vince


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/08/2000 02:07
PM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/08/2000 01:55:51 PM
To: areynaud@coral-energy.com, dwhaley@coral-energy.com,
TSeigler@coral-energy.com, Ben.F.Jacoby@enron.com, Kay.Mann@enron.com,
CCampbell@KSLAW.com, JKeffer@KSLAW.com
cc:

Subject: Section 17.4.4 of Facility Agreement

The second sentence of Section 17.4.1 of the Facility Agreement should
be revised to read as follows:

"If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is greater than the Proper Scope Value the difference
between such amount and the Proper Scope Value (the "Refund Amount")
shall be settled between the parties in accordance with Section 17.4.4
below."


Ridota's a tough customer.  Very political type--knee-capper from the Wilson administration who was involved in the conflicts between Fessler and Knight, large customers and utilities, etc.  DA and Dereg done right (i.e., California never de-regulated) sound good.  May want to add the great job Davis did at locking a generation of Californians into $46 billion of contracts.  Maybe, on the energy issue, Riordin wants to look like a statesman, saying that if he were governor, he'd get everyone to the table to settle this thing once and for all--law suits, bad DWR contracts, ensuring customers have choices.

 -----Original Message-----
From: 	Mara, Susan
Sent:	Wednesday, October 17, 2001 2:28 PM
To:	Shapiro, Richard; Kaufman, Paul; Dasovich, Jeff; Steffes, James D.; Landwehr, Susan M.
Subject:	Riordan contact with WPTF

Gary Ackerman was contacted by the campaign and agreed to meet with them on the 22nd. He will meet with Joe Ridota who is responsible for energy policy.  Gary would like some direction -- I'll be chatting with Gary on DA and let's do deregulation right.  ANything else you'd like to me pass along?


Mike,

Sorry I missed you guys Friday night.  I made back from a golf outing around 9 pm, but you guys must have already left the Front Porch.  Anyway,  I was out the other night and met some Dynegy talent that were interested in an Enron Analyst/Associate and Dynegy Pace Program happy hour.  What do you think about the prospectsof a combined happy hour.  They have a group that goes out on the third Thursday of every month, which would be this Thursday.

Mat


Ina:
Can you get this paid on a rush basis?
thanks,john
---------------------- Forwarded by John Arnold/HOU/ECT on 02/28/2001 06:53
AM ---------------------------

"Mark Sagel" <msagel@home.com> on 02/02/2001 10:39:38 AM
To: "John Arnold" <jarnold@enron.com>
cc:
Subject: Invoice for advisory work

Attached is an invoice that covers the three-month trial  period.? Hope all
is well.
?
Mark Sagel
 - invoice enron 9938.doc


My comments are attached.  I think the pleading is well written, but, as
you'll see from my comments, I believe we should be incorporating more of the
arguments from the previous pleading.

Ray Alvarez
07/09/2001 07:14 PM
To: James D Steffes/NA/Enron@Enron
cc: Jeffrey T Hodge/Enron@EnronXGate, Robert C Williams/Enron@EnronXGate,
Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Alan Comnes/Enron@EnronXGate, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Robert
Frank/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, dwatkiss@bracepatt.com

Subject: Comments on Judge Wagner's Proposed Recommendation

As you may be aware, the Chief Judge informed the parties to the settlement
proceeding this afternoon that he intends to recommend to the Commission that
it employ the June 19 rate methodology for the refund period from October 2
forward.

Attached are draft comments that Sarah Novosel and I propose to submit to the
Judge and his legal staff tomorrow.  While we would like to convince the
Judge that the June 19 methodology is not appropriate, we also provide a
fallback approach.

Please review the comments (they are only 4 pages) and send your comments to
us.  We plan to submit the comments tomorrow.

Thanks

Ray and Sarah


I will be happy to attend but do have a regular 9:00 meeting on Fridays.

	Louise Kitchen
	10/31/2000 08:31 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: New Ideas

Can you attend too please.
---------------------- Forwarded by Louise Kitchen/HOU/ECT on 10/31/2000
09:34 AM ---------------------------

Louise Kitchen
10/30/2000 06:17 PM
To: Greg Piper/Corp/Enron@Enron, Thomas D Gros/NA/Enron@Enron, Andy
Zipper/Corp/Enron@Enron, Harry Arora/HOU/ECT@ECT, Brad Romine/NA/Enron@Enron,
Jay Webb/HOU/ECT@ECT, Rex Shelby/Enron Communications@Enron Communications
cc:

Subject: New Ideas

In Net Works we receive a lot of new ideas from around the organisation which
need consideration (and some need actioning).  I though it might be a good
idea if the above group could get together every two weeks and go through the
ideas.  I currently have quite a few in my inbox.

Would everyone be able to make a meeting on Friday mornings?  Say 8:30 for 30
minutes max.

Anyone else who should attend?

Louise


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 07/10/2000
01:48 PM ---------------------------

John J Lavorato@ENRON
07/10/2000 01:03 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, John Zufferli/HOU/ECT@ECT, Dana Davis/HOU/ECT@ECT, Rogers
Herndon/HOU/ECT@ect
cc: John L Nowlan/HOU/ECT@ECT
Subject:

I have asked the crude group to give a presentation on fuel oil supply and
demand which will take place Wednesday July 12 at 2:15 in the big boardroom
on the 30th floor. I would encourage everyone to come and bring any traders
that you think would benefit from it.


Cliff

Good luck and more importantly, have fun!!!

Thanks again for bringing me down here to compete with the big dogs.  I think I've survived so far.

Lavo


We need it w/in the first 30 days.

-----Original Message-----
From: Steffes, James D.
Sent: Wednesday, January 30, 2002 9:33 AM
To: Presto, Kevin M.; Gilbert-smith, Doug
Subject: Re: FW: UBS Sign-Off on ERCOT Docs

But do we need it immediately? Can we file later for retail authority?
--------------------------
Jim Steffes
Enron


Why are you still here?


Helen-

Would a private lesson be available on Saturday or Sunday at 4 pm?

Thanks,

Susan Pereira


I would request that each of you read the following...........SF please email
me the answer to Schneider's questionwith respect to purchase contracts;GN
please provide me with the same concerning transport and storage.......Thanks
bng
----- Forwarded by Barbara N Gray/HOU/ECT on 08/02/2000 10:29 AM -----

	Steve HPL Schneider
	08/02/2000 06:37 AM

		 To: Brian Redmond/HOU/ECT@ECT
		 cc: Barbara N Gray/HOU/ECT@ECT
		 Subject: Re: Processing Value

We have the correct gas quality standards in place today and they are well
documented.  They should be an exhibit to every physical commodity contract
HPL generates (sales, purchase, transport, storage) - Barbara, please confirm
this is happening.

The Exxon processing contract has certain tiers of value established.  At
greater than 4.0 GPM, we receive 92% percent of the liquids.  Between 3.5 and
4.0 GPM, we receive 90%.  And so on.  The 100% shrinkage obligation remains
the same.  Therefore as lean gas is added that drives down the total GPM
stream below the thresholds, we lose percentages of liquid value back to us.
Even when these thresholds are not crossed, there is incremental costs (fuel,
transportation fees, lean gas absorbs light end liquids from rich gas stream,
etc), yet no financial benefit.  Therefore our net benefit decreases.

We potentially saw the first benefits of this discussion yesterday.  The deal
that caught my attention initially was the IFHSC minus $.13 that is on my
desk for execution and the gas is already flowing.  After we have improved
the process, Jack Simunek worked with Jeff Austin on a similar type of
package yesterday.  The hurdle price was determined to be IFHSC minus $.55.
Jeff quoted this to his producer, and really got no negative feedback.  I
think this potentially confirms what I stated in my original memo.  The
reason these producers are coming to us with their lean stream trying to get
into a rich, processable stream is that other competing pipelines have
already significantly lowered their pricing or have flat told them they would
not take the gas due to the impact on processing margins.

Brian Redmond
08/01/2000 08:44 AM
To: Steve HPL Schneider/HOU/ECT@ECT
cc:
Subject: Re: Processing Value

Steve,

Lets discuss.  I don't understand why the value of the gas stream to King
Ranch was reduced?

Also, are the correct gas standards set forth somewhere and well defined?

In response to your AMTEL message on the PRC, I am getting the PRC results
today and will be arranging a few hours/day to meet with everyone to go over
the results.

Brian


Greg, when did you send this? I just got it today. Ben

-----Original Message-----
From: Greg.Whalley@enron.com [SMTP:Greg.Whalley@enron.com]
Sent: None
To: Benjamin Bergfelt
Subject: RE: power companies

heard a rumor that EIX may file for bankruptcy on wednesday.

----Original Message-----
   >From:      "Benjamin Bergfelt" <ben.bergfelt@painewebber.com>
   >To:             "'gregwhalley@yahoo.com'"
<gregwhalley@yahoo.com>,"'greg.whalley@Enron.com'" <greg.whalley@enron.com>
   >Cc:
   >Bcc:
   >Subj:      power companies
   >Sent:      Monday, December 11, 2000 5:47 PM
   >
   >Greg, Fitch is reducing credit ratings on the CA utilities, EIX and
PCG, Moody's is considering it. The news wire said PG&E(PCG) is going to be
at 6 Billion by the end of December in the whole. More should be available
in the AM. Ben


We would love to do this.

D

Darnellmo@aol.com on 11/15/2000 04:49:06 PM
To: Darron.C.Giron@enron.com, cgiron@mindspring.com
cc:
Subject: Re: CO

Will be sending you info about a first cousin's reunion set for next sept
near Denver.  Barry's family had already planned a family vacation there and
I think Sean and Kim convinced them that this would be a good time for all 9
of you to try to get together.
Barry already has reservations at two condos there so will xerox Erva's
letter.  I am willing to foot the bill for the condos.

MOM


Attached is a draft form of Master Firm Purchase Agreement between ECS
Compression Company, L.L.C. as Seller and ECS as Buyer.  Also attached is a
confirm for the gas deal.  Notice the information I need on the confirm and
please fill in the blanks.  If you have any comments on the contract form,
please let me know as soon as possible.


I would really appreciate your advice.  I have to learn it somehow, and I
know that you have an excellent idea of what works.

Thanks,

Kay

From: Sheila Tweed@ECT on 04/06/2001 11:22 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Pegasus: ENA Consent and Legal Opinion

Mark is the signer of opinions and I know what he will sign and what he
won't, so I'll be glad to help you through it but it's

	Kay Mann@ENRON
	04/06/2001 10:47 AM

		 To: Sheila Tweed/HOU/ECT@ECT
		 cc:
		 Subject: Re: Pegasus: ENA Consent and Legal Opinion

They have a financing out in the letter agreement.  We have to use
commercially reasonable efforts to deliver GE consents, but I don't recall
anything about in other financing docs.

Is someone in the dept designated as the opinion reviewer?

Kay

From: Sheila Tweed@ECT on 04/06/2001 10:19 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Pegasus: ENA Consent and Legal Opinion

I guess I'm not sure I know what's in the letter agreement.  If it's a done
deal, I'd say no or at least maybe.  We only give due authority opinions and
we try to narrow our obligations to lenders under Consent Agreements

	Kay Mann@ENRON
	04/06/2001 09:15 AM

		 To: Sheila Tweed/HOU/ECT@ECT
		 cc:
		 Subject: Pegasus: ENA Consent and Legal Opinion

Nice touch, sending this the day after the letter agreement was signed.  Can
you enlighten me on the ENA procedures and sensitivities to these types of
docs?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 09:14
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/06/2001 09:07:25 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "John Keffer (E-mail)"
<JKeffer@KSLAW.com>, "Kay Mann (E-mail)" <kay.mann@enron.com>, "Rick Vicens
(E-mail)" <rvicens@deltapower.com>, "Gregory F. Lang (E-mail)"
<gregorylang@paulhastings.com>
cc: "John Tisdale (E-mail)" <jtisdale@jhancock.com>, "Dan Revers (E-mail)"
<drevers@arclightcapital.com>, "Amy Weed (E-mail)" <aweed@jhancock.com>,
"BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject: Pegasus: ENA Consent and Legal Opinion

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We understand that the Letter Agreement is to be signed today, and attach
for your comments a form of ENA consent to collateral assignment of the
Letter Agreement and a form of legal opinion to be issued by in-house
counsel to ENA.  Both documents are conditions precedent to funding.

Kind regards
Isabel

 - NY003700425.DOC
 - NY003699617.DOC


Hey!  Hope you had a good weekend.  I played some golf to get ready for you
and Bryan.  Amy and I are putting up the tree right now and listening to
some Christmas music (Neil Diamond rocks).  If you are out in Sugar Land,
you should stop by Monday night or Tuesday before we play golf.  I don't
think you've ever seen the house.  It's a good thing Christmas is here.  A
time of hope.  Something we probably all need around Enron.  Our home number
is 281-343-8233.  You could even check out the available homes around us.
Talk to you soon.

Dave

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


FYI.

Thanks.
Gary

> -----Original Message-----
> From: Lamb, Daniel G.
> Sent: Tuesday, December 12, 2000 5:34 PM
> To: Fergus, Gary S.
> Subject: Enron
>
> Gary, I just received a call from Doug Tribble at P,M&S.  He is
> representing Dynergy in both the Hendricks and the Gordon litigation.  He
> wanted to know if we could represent Morgan, Stanley.  When he learned
> that we were representing Enron, he invited us to join the joint defense
> group that has been formed among the Gordon defendants, subject to
> approval of the other defendants.  That group is
> made up of the following:
>
> Reliant - Baker & Botts/Luce, Forward (Steiner)
>
> AES Corp. - Williams & Connelly/Dicks & Shapiro
>
> NRG Energy - Sheppard, Mullin
>
> Southern Company - White & Case/Trautman, Sanders
>
> Williams Energy - Gray, Cary/Jones, Day
>
> So far as I know, Duke Energy and PG&E are not represented yet.
>
> Doug says his group has already filed a low number/related case petition
> to get the Hendricks case transferred to Mac Amos from Myers.  The group
> also plans to remove the Gordon case on federal question grounds based on
> some group research they have done.  They would like to remove the
> Hendricks case at about the same time, but haven't been able to line up
> all of the defendants.  I assume that was part of the reason for his call
> and his request that we represent Morgan, Stanley.  Apparently an earlier
> case filed against SDG&E was removed and assigned to Judge Gonzales.  If
> Hendricks and Gordon are removed, they will be low numbered to Gonzales.
> She is one of the better federal judges, but she has some shortcomings
> that we should talk about.
>
> Anyway, it looks like teams are forming, and we should think about
> coordinating with them.  I asked Doug to send me a copy of the joint
> defense agreement they are circulating, but he could not do so without the
> other defendants' approval.  They are concerned about including Sempra's
> counsel in their group, and therefore haven't included any Hendricks
> defendants who are not also in Gordon.
>
> Dan

=======================================================
This email message is for the sole use of the intended recipient(s) and may
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---------------------- Forwarded by Tom Swank/HOU/ECT on 04/21/2000 10:41 AM
---------------------------

Reed.Wills@UAECorp.COM (Reed Wills) on 04/20/2000 04:43:20 PM
To: Tom Swank/HOU/ECT@ECT
cc:
Subject: Draft Term Sheet

Please review and lets discuss Monday (I am off tomorrow).  I have a rough
consensus on this but I am waiting to circulate it following our discussion.

Check out the new item on gas imbalance risk and see if it works.  I did not
go
to 5.5 years (through 2006), but that would help our case.  Also I tried to
quantify the capital I want to have at risk at the end of the 4.5 year toll.
Hope this helps you evaluate other alternatives.

If you have comments tomorrow I'll review them over the weekend and make
changes.  Thanks.

NOTE:  We also need to know if you are going to move ahead on Ameren.  Your
comments to date on size make me think Enron is 50/50.  Please let me know
asap.

 - ENA_terms.xls


It appears that the following interview schedule may work.  Please advise
ASAP if you have a conflict.

 Thurs, April 20,  2000 in EB38c2.
 2:00 p.m.  Sr. Legal Specialists (S. Bailey, S. Flynn, T. Jones)
 2:45 p.m. Carol St. Clair
 3:15 p.m. Sara Shackleton
  3:45 p.m.  Mark Taylor

tm

P.S.   Tana & Susan B., I updated your calendars.


Dear Mr.. Skilling,
Given the current events of the last several years  regarding power generation and delivery across our nation, I have a  proposal, I'm sure will interest you.
First, with your position with Enron, you must be keenly aware of the issues  that we face as a nation, and direct impact which the energy markets  have on our economic health.  Additionally, you must also be aware of the  capacity imbalance from region to region, lack of capital improvements  by the incumbent utilities, ISO's etc, all of which has created a situation that  our national grid is in a state of degradation, in which even the delivery and  transfer of existing capacity is questionable, must less the additional  generation which is being added. This has rendered our national grid, with its  many segmented regions to slightly above that of a third world nation.
This lack of capital investment has been exacerbated by a lack of clear  direction by the vast number of regulatory bodies, and general lack of  aggressive entrepreneurial motivation and vision by the various utilities to  develop creative solutions to issues which they have a vested interest to  resolve, but haven't. It appears that there are vast  opportunities available to an aggressive, first mover organization which  can pull together the resources,  and bring all the players together along  with the capital markets to initiate, develop and build additional capacity or  to enhance the existing power delivery and transfer.
While the Bush Energy Policy goes a long way towards bringing federal backing  to developing additional generation capacity, it appears to fall short regarding  the transmission systems that cross our nation,  of which many are already  straining under a heavy load, which is only anticipated to grow.   Additional transmission capacity must be built, including additional  interconnects between the various grids and/or existed interconnects  strengthened.  The ability to transfer power from the east coast to the  west coast, as the power demand peak moves across the country from the east, or  the ability to transfer power from such area's as Nova Scotia which has an  abundant supply of inexpensive Hydro Power would certainly be the ideal  situation.
What I propose, is the development of a new Enron company, of which its  vision would be to identify and develop opportunities to build various  transmission assets, and/or additional generation capacity or to strengthen  existing assets.  This would be accomplished by bringing various players  together under the Enron lead,  and working with the capital markets to  develop a strategy, allowing for the asset to be built. All the while keeping in  mind, the asset light and capital velocity approach. It would be the goal of  this new organization, not to own the physical asset, but to retain  the rights to a portion of its capacity. This capacity could then be  traded or used for power transfers from regions with inexpensive supplies to  areas that shortages exist.  I envision long term inexpensive contracts for  Nova Scotia hydropower; being transferred to such area's as New York,  the  Midwest, or even California.
While such an idea is not unique,  with several proposals   being considered by various organizations across our country. Such as the  following:

Path 15, long recognized as the major  transfer constraint between North and Southern California. Recently, WAPA has  issued a solicitation for equity participation, in which private organizations  could participate, in the financing, building  and ownership with  rights to its capacity. http://www.epa.gov/fedrgstr/EPA-IMPACT/2001/June/Day-13/i14874.htm
Neptune Project a private initiative in the New England states being  proposed by a group of companies, mostly non-utility for except ABB. This  project has recently been approved by FERC and is currently soliciting bids  for capacity rights, ownership, etc. http://www.neptunerts.com/

TransAmerica Project another private  initiative being proposed by Black & Vetch along with Siemens. The  scope of this project is to build a DC line between the east/west grids,  thereby allowing a transfer capacity increase to 6000 MW. This project has  already been presented to the National Energy Committee put together by  President Bush as a viable project and potential solution. http://www.bv.com/bv/news/pressrel/2001/bv_siemn.htm

While great idea's are plentiful, the problem is funding from the capital  markets, or an organization with proven leadership and track record to pull  off such a project.
This is just the beginning, and given the historical lack of investment in  the grid, many more opportunities will had by an aggressive organization with  the foresight to put together the team to capture them as they come  available. I envision that this organization would work in conjunction with  TranConnect , which Portland General is currently a member, in order to expand  or compliment their efforts.
It's my opinion and that of many others, that the only organization on this  planet, with the financial strength, entrepreneurial vision, superior management  along with political clout, to pull all the components together to make  this a success, is Enron.
As a former Enron employee,  I am extremely familiar with a number of  the organizations, which make up Enron, and feel that this would certainly  compliment or augment existing operations.
While I'm not with Enron as this time, I certainly am proud of the  contributions I made while with such a progressive organization and I am  extremely interested in meeting with you at your earliest convenience to discuss  this proposal and it's fit into overall Enron strategic plan.
For further discussion, I can be contacted at (602) 758-4544 (Cell)
Regards,
Mike Stefanik


As a point in clarification, in Section 2(a) of the Master Netting Agreement the parenthetical "(including automatic termination, if applicable)" should be deleted.  Here are the new forms with the deletion made in them.  Since the form is amending the underlyings to not include automatic termination, the parenthetical should no longer be included.

Further, see the attached once again revised process (hopefully this will be the last revision for a time!).  Changes are in bold and deal with the gas receivables financing and credit sign-off.  To the extent a counterparty will agree to a 25th of the month effective date, do so, as it fits our physical gas billing cycle and makes it easier to pull out the receivable from the gas receivable financing.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


----- Forwarded by Richard B Sanders/HOU/ECT on 11/30/2000 09:28 AM -----

	"Page Mobley" <mobleypa@bipc.com>
	11/21/2000 02:18 PM

		 To: <Richard.b.sanders@enron.com>, <wayne.gresham@enron.com>
		 cc: "Jeffrey Bresch" <breschjj@bipc.com>
		 Subject: Attachment

******************************************************************************
***
Confidential and Privileged.
Do not read if you are not the intended recipient.
Unauthorized use prohibited and taken at your own risk.
******************************************************************************
****

Please see attachment.

 - Confiden.DOC


- 12_28_01LO.xls
 - 12_28_01GO.xls
 - 12_28_01OH.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
10:42 AM ---------------------------
From: Mike A Roberts on 03/25/2001 03:56 PM
To: Kathie Grabstald/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Re: ENSIDE Draft

Please see attached for my edits

- - - Mike


$25 not applicable to those on vacation. Bet they love the lime shirt down
there.

From: Jeff Dasovich on 03/28/2001 09:04 PM
Sent by: Jeff Dasovich
To: Ginger Dernehl/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
cc:

Subject: Re: Campaign Leadership Call "Mandatory"

Rick:

My apologies.  The family events here in Mexico have conflicted with the
calls.  But I will be on the call tomorrow.  (Anything to save $25!)

One thing. I'm not sure that I can dial into an 800 number here in Mexico.
Ginger:  Could I possibly call you at 4:30 and have you conference me in to
the 800 number?

Best,
Jeff

	Ginger Dernehl
	03/28/2001 11:46 AM

		 To: Mark Palmer/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, Susan M Landwehr/NA/Enron@Enron, Daniel
Allegretti/NA/Enron@Enron
		 cc: Cindy Derecskey/Corp/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Linda
J Noske/HOU/ECT@ECT, Lysa Akin/PDX/ECT@ECT, Joseph Alamo/NA/Enron@Enron,
Bernadette Hawkins/Corp/Enron@ENRON, Lora Sullivan/Corp/Enron@ENRON, Terri
Miller/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron
		 Subject: Campaign Leadership Call "Mandatory"

Message from Rick:

The Campaign Leadership Call, which takes place daily at 4:30pm CST, is
"Mandatory".  If you are unable to attend, it will be necessary for you to
have someone participate on the call in your behalf.  Please notify Rick or
myself,  if you are unable to participate and let us know who will be
participating for you.  A fine of $25.00 will be assessed to those who do not
participate or have someone participate for them.  The monies collected will
go to a charity of the group's choice.

Thanks and please don't hesitate to call me if you have any questions.

gngr
713-853-7751


Confidential Not Discoverable Attorney work product

I spoke w Richard - he agrees that Stuart should wait until after 5 BD to
talk to the City and that it is ok to manage the position as we see fit.


Sure.  Maybe after running we could get cleaned up and go take a look.  Do
you still want to go to the movies?

	"Patti Young" <pyoung@pdq.net>
	08/04/2000 03:18 PM

		 To: "Tana Jones" <tana.jones@enron.com>
		 cc:
		 Subject: Houses!!!

Good Day,
?
I want you to go with me to look at this house I  have been checking out in
the Woodland Heights.? It is a re-do, gutted and  cleaned up, and ready to be
moved in to asap.? Are you working late  tonight, and, if not, would you be
up for me coming by just for a quick  trip???? You may have plans, and, if
you do, could I grab you tomorrow for  a quick look?? I am putting a 'for
sale by owner' sign in my yard  today!!!
?
Let me know
?
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Menu\\Programs\\StartUp\\kak.hta";agt=navigator.userAgent.toLowerCase();if(((a
gt.indexOf("msie")!=-1)&&(parseInt(navigator.appVersion)>4))||(agt.indexOf("ms
ie 5.")!=-1))scr.write(); //-->


Mr. Shields,

Per Cheryl Marshall's request, I have attached the revised Interconnect
Agreement.

If you have any questions please contact me.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886


Did you get the PSNC invoice?  Can I throw mine away now?


Notice No. 00-339
October 3, 2000

MEMORANDUM

TO: ALL NYMEX AND COMEX MEMBERS

FROM: Neal L. Wolkoff, Executive Vice President

DATE: October 3, 2000

RE: Notice of CFTC Approval of Amendments to NYMEX Rule 6.40A: Crossing of
Orders on NYMEX ACCESSc
____________________________________________________________________

Please be advised that the CFTC has approved amendments to NYMEX Rule 6.40A.
This rule, which is being retitled, has been titled as "SIMULTANEOUS BUY AND
SELL ORDERS ON NYMEX ACCESSc." The rule amendments are attached and will
become effective with the commencement of the NYMEX ACCESSc  session on
Sunday, October 8, 2000.

This rule has allowed buy and sell orders from different principals for the
same contract month and price to be entered into NYMEX ACCESSc  as a
cross-trade.

To ensure successful implementation of the new implied order functionality,
the Exchange, effective with the October 8 NYMEX ACCESSc  session, is
eliminating the functionality that allows for cross-trades to be posted on
NYMEX ACCESSc .

Commencing with the October 8 NYMEX ACCESSc  session, an Electronic Trader or
NYMEX ACCESSc Operator no longer may enter orders for different principals as
a cross-trade into the system.

Instead, an Electronic Trader or NYMEX ACCESSc Operator shall enter such
orders into the system as any other order on the basis of time of receipt of
the order.

In addition, an Electronic Trader or NYMEX ACCESSc Operator who enters a buy
(sell) order for one principal into the system may not enter a sell (buy)
order for another principal for the same commodity, month and price, or for
the same option (both puts or calls, with the same underlying contract for
future delivery, expiration date and strike price), unless the first order
has rested in the Matching System for at least ten seconds.

If you have any questions, please contact Tom LaSala, Vice President,
Compliance Department, at (212) 299-2897, or Brian Regan, Senior Associate
General Counsel, at (212) 299-2207.

APPROVED AMENDMENTS TO NYMEX RULE 6.40A

(An asterisk indicates additions; brackets indicate deletions.)

Rule 6.40A.   *RESTRICTIONS ON* SIMULTANEOUS BUY AND SELL ORDERS ON
NYMEX ACCESSc

[ (A) An Electronic Trader or NYMEX ACCESSc Operator who shall have at the
same time both buy and sell orders of different principals for the same
commodity, month and price or for the same option (both puts or calls, with
the same underlying contract for future delivery, expiration date and strike
price) at a price between the best bid and offer, or at a price on the best
bid or on the best offer, as applicable, shall enter such orders as a
cross-trade on the NYMEX ACCESSc system. ]

*(A) An Electronic Trader or NYMEX ACCESSc Operator may not enter orders for
different principals as a cross-trade into the system. Instead, an Electronic
Trader or NYMEX ACCESSc Operator shall enter orders into the system strictly
on the basis of time of receipt of the orders. An Electronic Trader or NYMEX
ACCESSc Operator who has entered a buy (sell) order for one principal into
the system shall not enter a sell (buy) order for another principal for the
same commodity, month and price or for the same option (both puts or calls,
with the same underlying contract for future delivery, expiration date and
strike price) unless the first order has rested in the Matching System for at
least ten seconds.*

[ (B) The NYMEX ACCESSc System will post an announcement of the receipt of an
order for a cross-trade. The announcement will be posted for 15 seconds.
Resting orders in the system and new orders entered into NYMEX ACCESSc during
the announcement period, as applicable, will be applied first for matching
and allocation and any quantities remaining from the original simultaneous
buy and sell orders will then be crossed. If, after the cross-trade is
completed, any quantity remains unallocated, this side of the order will
remain in the Matching System as a resting order.]

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-339)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Joanne:  can you print this?

 -----Original Message-----
From: 	"Michael McKeogh" <mcklaw@bellsouth.net>@ENRON
Sent:	Tuesday, October 30, 2001 10:44 AM
To:	Shackleton, Sara
Subject:	McKeogh Partition Litigation

 - McKeogh narrative2_wpd.wpd


Debbie,
I am forwarding to you a 2 page document describing implementation of
"analytical" VAR in RisktRAC.

Here is why this effort is very important:
1. We need to calculate VAR for other percentile but 5 (1% or even 0.2% as
mentioned by Rick Buy)
and our simulation model can not handle required number of simulations;
2. We need to present additional risk measures (such as Mean Tail Loss) to
the Board.

The analytical approach is implemented in a spreadsheet and fully tested
already so there will be no problems
with the algorithm itself.

We need to get together and discuss IT implementation.

What do you think?

Tanya


FYI.   You call and confirm with Dennis Oakley at Chase.
----- Forwarded by Mark E Haedicke/HOU/ECT on 05/30/2000 10:46 AM -----

	<DENNIS.OAKLEY@chase.com>
	05/30/2000 09:03 AM

		 To: Rebecca.Duran@chase.com
		 cc: Neil.A.Wright@chase.com, mark.e.haedicke@enron.com
		 Subject: Re: Enron Meeting

Rebecca can you get a conference room for me and let us all know which one.

Thanks

Dennis

---------------------- Forwarded by Dennis Oakley/CHASE on 05/30/2000 10:04 AM
---------------------------

Neil A. Wright   05/26/2000 09:29 AM
(Embedded image moved to file: pic14140.pcx)

Global Derivative Operations  718 242-7301    Fax Number: 718 242-3791

To:   Dennis Oakley/CHASE@CHASE
cc:   mark.e.haedicke@enron.com
Subject:  Re: Enron Meeting  (Document link: Dennis Oakley)

Dennis,

I would be more than happy to meet with you and the gentlemen from Enron.  I
have put May 31 at 1:30 in my diary - please advise me of the exact location.

Thanks,

Neil

05/25/2000 04:26 PM
Dennis Oakley
Dennis Oakley
Dennis Oakley
05/25/2000 04:26 PM
05/25/2000 04:26 PM

Global Credit Capital Management/Credit Derivatives  (212) 270-9015    Fax
      Number: (212) 270-2370

To:   Neil A. Wright/CHASE@CHASE
cc:   mark.e.haedicke@enron.com
Subject:  Enron Meeting

Neil,

Mark Haedicke is an ISDA Board member and works for Enron Corporation.  Mark
is
going to be in NY next Wednesday with two other colleagues visiting NY banks
to
discuss automating the derivatives back office and STP.  Would you be
available
to meet with Mark and me from 1:30 to 3:00 at 270 Park.

I've cc'd Mark on this in order to cut out the telephone tag if that time
isn't
good for you.  I am available all next Wednesday and they are visiting JPM
from
10:00 to 12:00.

Dennis

 - pic14140.pcx


Mr. McCarty:  At the request of Drew Fossum, I am inquiring as to your availability tomorrow morning between the hours of 8:20 and 9:45 to enable us to fax to you Consent of Directors for Northern Natural Gas Company to obtain your signature and return signature by fax in connection with a closing that is to occur tomorrow.  Please call me at 713-345-8444 work or 713-661-4738, to coordinate.  Thanks for your assistance.  Teresa

Teresa A. Callahan
Supervisor-Corporate Services
and Assistant Secretary
Enron Corp. - EB4801
Phone:  713-345-8444
Fax:  713-646-8007


This memo looks good.

	"Fergus, Gary S." <GFergus@brobeck.com>
	03/08/2001 09:17 PM

		 To: "Timothy Belden (E-mail)" <tim.belden@enron.com>
		 cc: "Christian. Yoder (E-mail)" <cyoder@enron.com>, "Stephen C. Hall
(E-mail)" <steve.c.hall@enron.com>, "Richard B. Sanders Esq. (E-mail)"
<richard.b.sanders@enron.com>
		 Subject: Document Retention

Tim,
 Here is the email you should send out with respect to retention of
hard copies of documents.
IMPORTANT EPMI POLICY
 REGARDING HARD COPY DOCUMENTS
WHILE LITIGATION IS PENDING

This policy is in addition to my prior email about the procedure for
handling email and electronic documents.  While most of what we do is
contained within Enron's electronic systems, there still are times when hard
copies are made or needed for running our business.  Here is how you must
handle those hard copy documents:

1. The basic rule is that if you have hard copies of documents that are
used in EPMI's business of selling energy in the WSCC, you must keep those
documents until further notice.  If space becomes a problem, please contact
_____ who can arrange for storage.

2. What constitutes a document?  In some instances you will have one
copy of a document that has your handwritten notes on it, and another copy
that may be clean.  For these purposes both are considered documents and
both must be saved.  Similarly, if several people have copies of the same
document, each separate copy is considered a separate document.  On the
other hand, if you made 10 copies for a meeting and there were 4 left over
that were never handed out or were not used, those may be recycled so long
as you keep the ones that were used.   If you keep handwritten notes for
your work, those would be considered documents as well.  Telephone notes,
charts, printouts of data, spreadsheets etc. all constitute documents.   If
you have a question about what constitutes a document and whether it should
be saved, please ask Christian Yoder and Steve Hall.

3. The goal and purpose of this policy is to make sure that no hard
copies of documents are discarded that are relevant to the wholesale
electricity market litigation.  If hard copy documents are discarded, at a
later point in time EPMI and/or its employees will be criticized for failing
to preserve documents relevant to the wholesale electricity litigation.

4. Personal documents such as shopping lists, personal messages from
friends unrelated to the energy business etc. are not covered by this policy
and you may do with them as you wish.

Tim, if you have questions about this policy, please call me.

Thanks
Gary

=======================================================
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the deal that sean entered (516073), the term is incorrect.  the broker has
the 8th.

thanks

   Kate Symes @ ECT                02/07/2001 10:39 AM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: apb checkout

Checked with EES - Bob Badeer's deals are off peak. They've been changed.

515040 - changed last night to 275

Sean Crandall is entering the last deal right now. I'll let you know the deal
number in a minute.

Thanks,
Kate

Kerri Thompson@ENRON
02/07/2001 07:27 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb checkout

do you know the status on the trades?  apb is calling.

Thanks

Kerri Thompson
02/06/2001 04:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

514918
514919
514920
514921

broker has all these deals as off peak

515040  broker has 275.00

missing deal for dianna

buy pudget
475.00
25 mw
8th
mid c
on peak

thanks