April 20, 2001

Maintenance of Houston, Inc.
6220 West Park, Suite 106
Houston, TX 77057

Dear Mr. _____________,

By prior correspondence dated ______, we notified you that we  you were notified of Ashford United Methodist Church's concern over the proEarlier this year AMaintenance of Houston currently provides janitorial service to Ashford United Methodist Church and Ashford Child Enrichment Center under a month to month contract.   Under this arrangement, Maintenance of Houston provides an on-site janitor.

In our initial correspondence soliciting janitorial service bids, we explained that our facility is used as a school during the week.  We explained the importance from a security perspective of minimizing the number of different people that have access to the facility.  We also asked Maintenance of Houston to provide documentation of employee screening procedures.

It has recently come to our attention that Maintenance of Houston has not furnished employee screening documentation for the individual that Maintenance of Houston currently has assigned to our facility.  It is our policy to request criminal background information for any contractor that is in our facility during school hours.

Please furnish such employee screening information to us by April 30, 2001.  To the extent Maintenance of Houston is unable to provide documentation for the current individual assigned to our facility or furnish another individual that does have appropriate documentation by April 30, 2001, we are hereby providing notice of our intent to terminate the month to month agreement effective May 31, 2001.

Sincerely

Shelley Corman, on behalf of
Ashford United Methodist Trustees

cc: Cindy Lewis, Church Office


Chairman John Quain of the Pennsylvania Public Utility Commission needs to
speak with Chairman Lay at his earliest convenience.

Mr. Quain would like to discuss a confidential matter concerning national
energy policy.  Mr. Quain is currently in South America with Governor Ridge
of Pennsylvania on a trade mission.

Mr. Quain would be available after 1:00 p.m. CST, tomorrow, Thursday, or
Friday at the latest for this conference call.  We will handle the logistics
of the call.

Kindly call me at (717) 783-8021, my direct line number, if Chairman Lay can
accommodate this request.

Thank you for your kind consideration.

Dennis J. Buckley
Counsel to the Chairman


There are no physical desk to desk deals today.


Houston Non-Attainment Regulations - Marc Phillips is representing the TXOGA
Pipeline Committee at a meeting with TNRCC regarding the Houston
Non-Attainment regulations. After the TNRCC meeting he will attend a meeting
with TXOGA and the Intrastate Pipeline Association to discuss their
differences on discussions with TNRCC regarding voluntary controls on
"Grandfathered" facilities.

OEC Environmental Issues - Marc Phillips, Jim Peterson and Russ Tucker
interviewed OEC management to discuss the environmental issues that are
important at the OEC peaking facilities. The Reg Tech Group will use this
information when reviewing state and federal regulations with impacts on
Enron.

NEPCO OSHA Compliance - Russell Tucker responded to a request from Tony
Bolar-Softich,EE&CC and NEPCO Safety Director, for a search of all OSHA
violations resulting in a fine or proposed fine as a result of inspections at
any construction jobs in 10 specific locations where NEPCO has upcoming jobs.
This resulted in information keyed directly for the OSHA Areas Office
inspection activity for all of the upcoming job locations.  Tony plans to use
this data to verify compliance within NEPCO for any of the violations of
record.

Safety Notice on OSHA Policy For Treatment of Employer Safety Self-Audits -
Russell Tucker sent out a Safety Notice to al Enron safety specialists
covering the final policy recently released by OSHA describing the Agency's
treatment of voluntary employer self-audits. This formalizes and clarifies
the way OSHA may obtain an employer's voluntary self-audits, how they may
help an employer during an inspection or when discovery may be the basis for
issuing a willful citation.

Annual Report -   Chairman's statement was finally approved.  Comments
submitted on 2nd draft copy.  The report will be posted on the intranet site
under "New and Notable" and on the external site under "  Due to some final
edits, publication will be either Friday or Monday. (Susan Worthen)

Federal Solutions/Military Bases - Met with Scott Porter and Charlie Thompson
of EES to discuss the baseline implications of two military bases that EES
has been shortlisted.  Also was given two contacts to discuss permitting and
other issues associated with their services. (Susan Worthen)
Corporate Responsibility Brochure - Collected electronic copies of new Vision
and Values, EHS Principles and Standards, Human Rights Policy, and relevant
sections of Code of Ethics for Corporate Responsibility Booklet, which will
be translated (European-related languages) for distribution with a
committment letter from Ken Lay.  Lauren Goldblatt is working with Kelly to
get the letter drafted and approved by Ken Lay. (Susan Worthen)

ENEL, Nicaragua - Worked with Dave Nutt, corporate legal environmental , to
provide contract language regarding Phase II sampling and indemnification.
(Susan Worthen/Don Stevens)

Intranet Site Development - We have completed the inception document and are
initiating the elaboration document.  Both of these are required "procedures"
by Enron NetWorks.  After completion of the Elaboration document, coding and
design of the actual site will begin.  Gavin Dillinham needs information from
Jeff Keeler regarding Joel Bluestein's services and links.  We are pushing
for something up and running by the end of October, but Angela Morris  (Enron
Networks) has forewarned us that it could be December. (Gavin Dillingham,
Susan Worthen/Jeff Keeler)

EHS Service Opportunities - I communicated to Rick Hill, ENA that I can act
as a point of contact for EHS-related needs pertaining to holding companies
that we offer our partners certain management services for cost + 5%.  EES is
interested in offering clients and customers similar services and I am in
discussion with them. (Susan Worthen)

Greenhouse Gas Inventory Verification - Presentation by A.D.Little,
contractor hired to perform verification of our inventory numbers and formula
is chdeduled for today.  (Susan Worthen)


Look at this pup!
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/06/2000 09:04
AM ---------------------------

Julia Carruth <juliacarruth@yahoo.com> on 11/03/2000 03:56:14 PM
To: Allison Bridgewater <perform1st@aol.com>, Laura Carruth
<laurathepod@yahoo.com>, Sara Coker <scoker@bhset.org>, Cristy McDowell
Cooley <cristy.a.mcdowell@vanderbilt.edu>, Shanna Husser
<Shanna.Husser@enron.com>, Lori Joubert <l_joubert@hotmail.com>, Julie Price
<julie.price@bridge.bellsouth.com>, Lisa Wardlaw
<lisa.m.wardlaw@us.pwcglobal.com>
cc:
Subject: Our new puppy Hallie

Hi all!

We went looking at puppies this weekend, supposedly
just "to look," and of course end up bringing one
home!  She has already made the trip to the office and
one of my co-workers had his digital camera here to
take pictures for Halloween!

Hope to talk to each of you soon!

Love, Julia

=====
Julia C. Hosea

__________________________________________________
Do You Yahoo!?
From homework help to love advice, Yahoo! Experts has your answer.
http://experts.yahoo.com/


Here are IEP's comments on caps.  It's from a draft circulated last Friday,
but just spoke with Smutney, and he said that the comments did not change
substantively .  Very briefly, "IEP is generally opposed to caps, but if
FERC's going to go with a soft cap, 1) there's a lot of clarification needed,
2) it needs to include "upward ratchet," a la Heber and 3) it must be linked
with other reforms (i.e., forward contracting, siting, retail markets,
etc.)."  The comments do not explicitly address the level of the cap.  They
also call for a technical conference.

Anything to add, Sue?
******************************************************************************
***************************************
B. Issues Concerning Implementation of the &Soft Cap.8

IEP has concerns about the implementation of the &soft cap8 proposal.  IEP
has not and does not support price caps because it impedes the operation of
the market and distorts price signals.  Such mechanisms should have no place
in competitive markets in the long-run.  The Staff Report notes that caps do
not work. Citation; Also MSC,   IEP is concerned, as are others, that the
soft cap proposal will fail to attract new investments in supply or foster
meaningful demand response.   It is particularly problematic in terms of
attracting new capacity that will operate as peaker units for a limited
number of hours when weather-induced demand cannot be met from less expensive
units or imports. Notwithstanding the apparent opinion of SMUD otherwise,
there are demands which materialize only for a fraction of a percentage of
the total hours of a year, and therefore some resources will only be
dispatched a short number of hours to meet that need.  These resources tend
to be fast ramping, less efficient units that are not designed or intended to
operate as &baseload8 facilities.  Hence the suggestion that they &just
operate more8 to recover their costs is misplaced.
The soft cap also appears to be especially problematic to power marketers who
make wholesale purchases for subsequent resale but who may not own the
underlying physical generation assets.  These entities have a major role in
the marketplace in terms of bringing demand and supply together and they seek
return on the risks they undertake.  These entities will perceive the &soft
cap8 as a &hard cap8 which will chill their participation in California,
particularly when regional supplies become tight and expensive.  This
unintended consequence must be avoided or the markets will be hobbled.
IEP echoes the concern articulated by the CAISO that the soft cap proposal
may divert or require additional ISO resources.    It will clearly compound
the settlement processes at the CAISO as transactions above the soft cap will
require additional tracking and segregation to allow for potential
&unwinding8 should the bids be disallowed.  It will also require some form of
new software to provide for potential calculation of the weighted averaged
prices suggested in the November Order, presumably in 10-minute increments,
to blend with the market clearing prices established in the various markets.
Moreover, if that averaged price associated with bids above the cap is
modified often, then CAISO will be required to &re-run8 settlements or
undertake subsequent settlement adjustments.  It is possible that these
efforts*which are suggested as temporary measures in the November Order*would
take away from CAISO,s efforts at developing solutions to longer-run problems
in terms of software modifications/development.  At first blush the details
regarding implementation of the soft cap proposal are not straightforward as
currently described, and any further exploration this approach will at least
require a &technical conference8 to clarify the mechanics and to ensure that
it can be done in a reasonable manner.
IEP could only support the soft cap proposal if it is part of a negotiated
package of inter-jurisdictional programs, and provided that it is subject to
an pre-established unidirectional escalation mechanism, or a similar one-way
mechanism that is tied to the development of new capacity within the WSCC.
The inter-jurisdictional elements must include:
? establishment of standards applicable to potential refunds based on
allegations of market power abuse in FERC jurisdictional markets;
? definition of durable reasonableness review standards applicable to
wholesale purchases by the load serving utilities such that they will no
longer be discouraged from entering bilateral arrangements on a forward basis;
? establishment of a &road map8 by the California Commission that delineates
a firm timeline*with milestones*for the review and resolution of retail
market issues including market-based demand responsiveness;
? establishment of a &road map8 by this Commission, in consultation with the
CAISO, that delineates a firm timeline*with milestones*for the review and
resolution of implementation issues associated with the Commission,s
subsequent order in this docket as well as other outstanding proposals such
as generation interconnection rules and congestion management;
? establishment of firm sunset date, not to exceed 2003, to bound the
duration of soft cap, and implement a unidirectional escalation mechanism,
not subject to subsequent lowering, which is based either on a
pre-established schedule or tied to increases in installed capacity within
the WSCC.

	Susan J Mara
	11/22/2000 10:21 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, bernadette Hawkins/Corp/Enron@Enron,
Christopher F Calger/PDX/ECT@ECT, David Parquet/SF/ECT@ECT, Debra
Davidson/PDX/ECT@ECT, Dennis Benevides/HOU/EES@EES, gfergus@brobeck.com,
Ginger Dernehl/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Jeff
Richter/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, kcurry@bracepatt.com,
lanai.wolfe@enron.com, Marcia A Linton/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT,
Maureen McVicker/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Neil
Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, rcarroll@bracepatt.com,
Richard Shapiro/NA/Enron@Enron, Robert Badeer/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT
		 Subject: Re: Enron's Response Today - Key Point to Focus On

I know that WPTF is supporting Hebert's approach and would suggest starting
with $250 or higher with big increments every six months.  WPTF is also
asking for clarification on what the cap applies to.  I don't recall what the
comments said on refund and I haven't taken a look at the WPTF final yet.
I'll let you know.  I'll check on the others today.

	James D Steffes
	11/22/2000 07:30 AM

		 To: Alan Comnes/PDX/ECT@ECT, bernadette Hawkins/Corp/Enron@Enron,
gfergus@brobeck.com, Christopher F Calger/PDX/ECT@ECT, David
Parquet/SF/ECT@ECT, Debra Davidson/PDX/ECT@ECT, Dennis Benevides/HOU/EES@EES,
Ginger Dernehl/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Jeff
Richter/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, Jubran Whalan/HOU/EES@EES, kcurry@bracepatt.com,
lanai.wolfe@enron.com, Marcia A Linton/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT,
Maureen McVicker/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Neil
Bresnan/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, rcarroll@bracepatt.com,
Richard Shapiro/NA/Enron@Enron, Robert Badeer/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Enron's Response Today - Key Point to Focus On

As I've been thinking about our response today, I would like Enron to focus
on making sure that the California (WSCC) markets are as good a possible for
business over the next 15 to 24 months.  Following that idea, I think that
the key points are (1) clarifying/raising the soft cap and (2) reducing the
burden/risk of the prospective refund period.

I know that we had discussed leading off with the debate over market power /
retroactive refunds, but I think that (a) FERC is not inclined to do much
more on this issue, (b) FERC wants to fix the market as much as it can given
the current political realities, and (c) if retroactive refunds become an
issue, we still have our full compliment of resources to later fight this
fight.

I would recommend that the pleading and Alan's testimony be modified to bring
these issues to the top of the ticket.   We should still include all of our
other arguments.

Finally, I want to make sure that Enron is taking the right position by
quietly supporting a $250/Mwh soft cap with safe harbor fixes?  Sue Mara, can
you please try and find out what EPSA, IEPCA, and WPTF are going to file?  I
want to make sure that we are in the ball park on this issue but not getting
too soft.

Jim


Kristin

Another Tiger.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/05/2001
09:47 AM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 02/05/2001 08:34:26 AM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc: FAP <FAP@management.wharton.upenn.edu>, "'mvittal@wharton.upenn.edu'"
<mvittal@wharton.upenn.edu>
Subject: addition to Enron-summer internships

Vince:

Please include Ram Vittal to the summer internship list, if you have not
already done so.
According to my count, that make a total of 8 students from the Enron Tiger
Team who have a desire to work with Enron.

Thanks,
Donna

-----Original Message-----
From: Vittal, Maheshram [mailto:mvittal@wharton.upenn.edu]
Sent: Friday, February 02, 2001 10:17 PM
To: 'FAP '
Subject: RE: Call from Enron

Donna:

I had submitted my resume directly to their recruiting office and haven't
heard from them.  I would be very willing to reforward my resume, if
required.

Thanks,
Ram


Have you received all the information you need?

RTellis@milbank.com on 12/20/99 02:23:11 PM
To: Richard B Sanders/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT
cc:
Subject: Status of "B" Notes.

Just a reminder -- As discussed during our conference call this past Friday,
we are hoping to receive from you a chart or other documentation reflecting
what ECT did with the "B" NSM Notes that were purchased.  Thanks.

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - att1.htm


Old Building 28th floor room 31!

Regards

Bj?rn Hagelmann
Rac - Market Risk Management
E-Mail: bjorn.hagelmann@enron.com
Office:  + 1 713 345 7984
Mobil:   + 1 281 451 4156

 -----Original Message-----
From: 	Barone, Michael
Sent:	Wednesday, February 27, 2002 10:59
To:	Hagelmann, Bjorn; Scott, Susan M.; Bowler, Tim; Hu, Wei
Cc:	Constantine, Chris
Subject:	RE: Curve mapping

Can you clarify the location please? Tim and I are in the new building on the 4th floor. Where is "eb2831" in relation to where we sit?

 -----Original Message-----
From: 	Hagelmann, Bjorn
Sent:	Wednesday, February 27, 2002 10:54 AM
To:	Barone, Michael ; Scott, Susan M.; Bowler, Tim; Hu, Wei
Cc:	Constantine, Chris
Subject:	RE: Curve mapping

Let's use room eb2831!

Regards

Bj?rn Hagelmann
Rac - Market Risk Management
E-Mail: bjorn.hagelmann@enron.com
Office:  + 1 713 345 7984
Mobil:   + 1 281 451 4156

 -----Original Message-----
From: 	Barone, Michael
Sent:	Wednesday, February 27, 2002 10:52
To:	Scott, Susan M.; Bowler, Tim; Hu, Wei
Cc:	Constantine, Chris; Hagelmann, Bjorn
Subject:	RE: Curve mapping

1:30pm sounds fine. Where do you sit?

Also, just to confirm, we are looking for:
1. Table/list of gas curves and their primary, secondary and parent relationships;
2. Volatility curve table/list for gas; methodology for system calculation of correlation
3. Volumetric poistion data by curve for gas as of 11/30/01

Thanks,
Mike

 -----Original Message-----
From: 	Scott, Susan M.
Sent:	Wednesday, February 27, 2002 10:33 AM
To:	Bowler, Tim; Barone, Michael
Subject:	FW: Curve mapping

Hey guys...wanted to see what your availability is for this afternoon.  Also, would you mind emailing the two individuals Wei listed and outline for them exactly what information it is you're hoping to locate.

Thanks,
Susan Scott
x31455

 -----Original Message-----
From: 	Hu, Wei
Sent:	Wednesday, February 27, 2002 10:29 AM
To:	Scott, Susan M.
Cc:	Constantine, Chris; Hagelmann, Bjorn
Subject:	Curve mapping

Susan,

I am busy this morning.  Can we do this early this afternoon, say at 1:30?

Also can you please send an email to my supervisor Chris Constantine and our main business user Bjorn Hagelmann to outline what the request is.

Thanks,

Wei


I looked into the proposed tax cut by George W. Bush.  On his website he
proposes a $460 billion tax cut over five years.
 The $213 billion "energy tax" imposed  from 1999 to 2001 by higher energy
prices, is roughly half of Bush's proposed tax cut.

Maureen


fyi's, here is a summary of the hotline call today:
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NERC           - Alert level 3 continues (full alert status)
          - New level definitions in first draft, mid week next week will
have completed.
               note: new definitions to have 4 levels, vs. 3 currently.
          -SCIS  now includes a secure socket (SSL)

NIPC      - Their reports are uncollaberated, yet considered credible.
          - For official use only.
          - Strikes against the US are considered "likely" this weekend.
          - A flyover was reported at Columbia Energy, nuke plant in
Wisconsin.
          - Symantic Co. reports their product"Live Update" version 1.4 is
vulnerable to exploits. A fix is forthcoming.

DOE       - Level 2 continues (full alert)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Also For your info's, here's some guidlines on NERC level 3:

For a NERC Alert 3, Full Alert Status, NERC recommends consideration of
such actions as:

Lock down of buildings.
Require badging.
Use surveillance as practical.
Implement rotating coverage of non-24x7 activities.
Staffing of key usually unstaffed facilities.
Start-up and/or staffing of back-up control centers
Consideration of blocking VPN and dial-up access except as may be
operationally required.
Review disaster recovery and restoration plans.
Establish backup communications.
Greater attention to intrusion detection system logs.
Curtailment of nonessential maintenance

Other actions may include:

 selected maintenancecurtailment; selected additional generation reserves
in various states
of readiness; staffing of backup control facilities; examiniation of
connections of computers to outside communications including the
Internet and modems; maintainance of close coordination with First
Responders, local Law Enforcement, local FBI.
A more comprehensive suggestion list should be forthcoming from NERC next
week.

Hope this helps, EMSC


?
-----
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
																							[IMAGE]

																	Enerfax Daily

															[IMAGE]
																													[IMAGE]

																											")} TC
																					[IMAGE]
																															[IMAGE]

																																[IMAGE]

																																					[IMAGE]

																													Looking  for a past article or issue. Click here to use Sagewave's  Search.

																												Enerfax  Daily? -? Page  ? -? November 30,  2000

																																				[IMAGE]

																																	[IMAGE]

																																			Enerfax  Daily? -?  Page 4? -?  November 30, 2000 -? ?  Past  Issues
Available on Sagewave

																																					[IMAGE]
																															[IMAGE]

																																									[IMAGE]
																																			[IMAGE]
																																						[IMAGE]
																																						[IMAGE]
																																		[IMAGE]

																						Natural? Gas? Storage?  Report

																									[IMAGE]
																									[IMAGE]

																									? ? ? ? ? ? Week?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ?  Prev?
																									? ? ? ? ?  ?Ending? ? Prev? ? ? ?  ? ? ? ? ? ?Prev? ?  Year? ?
																									| Region | 11/24/00| Week | Diff | % Full | Year |  % Full
																									|  Prod? ?|? ?622? ?|? 664 |  -42? |? 65%? ?|? 848 |?  89%? ?
																									| East? ?|? 1552?  ?| 1643 | -91? |? 85%? ?| 1714  |? 94%? ?
																									| West? ?|? ?328?  ?|? 341 | -13? |? 65%? ?|?  439 |? 87%? ?
																									|? ? ? ?  |? ? ? ? ?|? ? ?  |? ? ? |? ? ? ? |?  ? ? |? ? ? ?
																									| Total? |? 2502?  ?| 2648 |-146? |? 76%? ?| 3001  |? 91%? ?

																									[IMAGE]

																									[IMAGE]

																																							[IMAGE]

																																								Enerfax  Daily? -?  Page 7? -?  November 30, 2000

																																						[IMAGE]

																																							Enerfax  Daily? -?  Page 8? -?  November 30, 2000

																																					[IMAGE]

																														Battery Storage System to be Tested

																														?  ? Detroit Edison is working with the DOE and Sandia National  Laboratory
to test a prototype for a transportable Advanced Battery  Energy Storage
System. The device has the potential to improve  reliability for customers
and meet increasing demand for  high-quality, low-cost electricity. Detroit
Edison will provide the  electric utility distribution circuit to test the
ABESS as a load  leveling and power quality device.? In operation, the
battery  system will be discharged during the day and charged at night.?

																																					[IMAGE]

																																	Financial Summary

																																								[IMAGE]

																										")} TC
																			[IMAGE]

 - blnk.gif
 - img0.gif
 - img1.gif
 - img2.gif
 - img3.gif
 - img4.gif
 - img5.gif
 - img6.gif
 - img7.gif
 - img8.gif
 - img9.gif
 - img10.gif
 - img11.gif
 - img12.gif
 - img13.gif
 - img14.gif
 - img15.gif
 - img16.gif
 - img17.gif
 - img18.gif
 - img19.gif
 - img20.gif


Steve - Abdul got this instead of you, Lotus Notes freaked on me.

Abdhul  - Please disregard.  Sorry.

---------------------- Forwarded by Chris Long/Corp/Enron on 09/08/2000 09:51
AM ---------------------------

Chris Long
09/08/2000 09:39 AM

To: Mark E Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Abdul
Khan/NA/AZURIX@AZURIX, Richard Shapiro/HOU/EES@EES, Cynthia
Sandherr/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, Lisa Yoho/HOU/EES@EES, raislerk@sullcrom.com
cc:

Subject: CEA Update

Congress returned from its August recess with a flurry of activities on the
CEA reauthorization.    Lee Sachs at Treasury reported that the CFTC and SEC
have been meeting over the last several weeks and "progress is being made on
Shad-Johnson".  An agreement on Shad -Johnson is critical to moving the
legislation.

House staff said that the Banking Committee filed its report to the Rules
Committee which allows the Rules Committee to begin considering which
combination of the three versions will be sent to the full House.  ISDA, the
Banking Coalition, and the Exchanges (in conjunction with Energy Group) are
meeting to reconcile the differences and have met with Agriculture Committee
Chairman Ewing to this end.  Chairman Ewing would like differences resolved
by September 14, the Rules Committee to report HR 4541 by September 18, and
have House Floor action by September 21.  Everyone agrees that the House
Agriculture bill will be the basis from which Rules works.  We faired better
in the House Commerce Committee on multilaterals and metals so we need to
ensure that the Commerce Committee provisions are picked up by the Rules
Committee.  We will meet with Rules Committee staff next week to advocate
this.  Numerous staff have said that House leadership lobbying is important
at this time to push this to the "hot list" of issues for resolution before
Congress adjourns.

After speaking to Senator Gramm's staff, it is clear that they are waiting on
House action.  We have presented the "all non-agriculture commodity language"
to Senator Gramm's office, which is under consideration.  I will follow up
with the Democratic staff this week.

What next?

I recommend we send the attached letter to the House Leadership, as well
Chairmen of the Rules, Ag, Commerce, and Banking under Ken Lay's signature.
In addition to DC office lobby visits, we can follow up with personal contact
as folks from Houston are available to come to DC.

We had contemplated a senior-level Enron official phone call to Senator Gramm
to spur action from his office, but this is still premature.  Senator Gramm's
staff advised that this would do little to move Gramm until the House is
closer to action.

Please call with any questions.


I have rolled deal 506192 thru 1/1/01, priced at Dec HSC Index -.045.

D

Aimee Lannou   01/10/2001 09:23 AM

To: Daren J Farmer/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT
cc:
Subject: Re: Meter 1517

Daren - After checking with MIPS, you are correct.  Jan. 1 only flowed 19
dth.  The 5882 dth was a bad estimate.  A better estimate was received on
1/7/00.
Sorry about all the confusion.

AL

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 01/10/2001 09:14
AM ---------------------------
Aimee Lannou   01/10/2001 09:00 AM

To: Gary W Lamphier/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT
Subject: Re: Meter 1517

Gary - We did not deliver gas to Phillips on Dec. 1.  Also, I am not sure if
the plant was down, but we did not deliver to them on Dec. 2-4.  If you have
any questions, please let me know.

Aimee

	Enron North America Corp.

	From:  Gary W Lamphier                           01/10/2001 08:55 AM

To: Daren J Farmer/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT
cc: Gary W Lamphier/HOU/ECT@ECT
Subject: Re: Meter 1517

Phillips said we shorted them gas on December 1st so they pulled it on
January 1.  Can we verify that we did not deliver 5,00 on Dec. 1?  If that is
the case and this was a firm sale, we owe him some gas at Dec Index less
(.045).  Which is bad!  Let me know what happened in Dec before I can put
this deal out in Jan.

Daren J Farmer
01/09/2001 02:25 PM
To: Gary W Lamphier/HOU/ECT@ECT
cc:
Subject: Meter 1517

Gary,

Have you negotiated a price on this?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/09/2001
02:25 PM ---------------------------
Aimee Lannou   01/02/2001 02:14 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 1517

Daren - meter 1517 has a nom of 0/day for Jan.  It flowed about 5.400 on day
1. This is a valid flow.  Could you please extend the deal from Dec. (deal #
506192) or create a new one?  Thanks.

AL


Executive Committee Weekly Meeting
Date:  Monday, September 25
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Katherine Brown (713/345-7774) for the weekly dial-in number and
passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person _______

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday,
September 22.

Thank you,
Sherri


I just wanted to let you know that Shari Stack is working on that Talisman
letter.

It was good talking to you, as always.  I hope you got out and "stomped" a
little bit!


BUSINESS HIGHLIGHTS

West Power
On August 31, 2001, West Power Origination closed the sale of 100% of the membership interests in Southwest Power to Black Hills Energy Corp.  The sale to Black Hills concluded a two year strategy associated with the acquisition and expansion of the 50MW Las Vegas Cogeneration facility.   The 230MW Las Vegas II expansion project initiated in January 2000 consists of two, 2x1 systems utilizing LM 6000 PC technology in combined cycle. In May of this year, West Power Origination secured a 15-year tolling agreement with Allegheny Energy Supply Company for the entire output of the expansion project.  The Las Vegas II expansion project is currently under construction and is scheduled to go commercial in September 2002.  This transaction utilized many of Enron's technical, financial and commodity capabilities.  Congratulations to everyone who made it a success.

Enron Freight Markets
Enron Freight Markets closed its first firm sale of transportation with Penske Logistics. Penske is under contract for the operation and U.S. distribution of Whirlpool appliances.  EFM will provide truckload capacity for Penske to serve Whirlpool.  The first lane that EFM will begin handling is from the southern California distribution center in Ontario, California to various northern California destinations.

Enron Global Markets
Art & Fundamentals
A recent graduate of Houston's Art Institute, Tramy Nguyen joined the EGM Fundamentals team as an intern last week. For the next six months, Tramy will be applying her layout and graphic arts to improve the fundy brand seen on our website, newsletters and ad hoc reports. She'll also help support the development of our website using her html and ASP skills. Tramy moved to Houston in 1993 from her native Saigon, Vietnam, where she studied art for two years. She is an accomplished painter and graphic artist whose award winning poster design was selected for use by the Butterfly Center at Houston's Museum of Natural Science.

EES Business Center
Enron Energy Services has one single entry point for all customer leads and service issues - The EES Business Center.  Your assistance is requested in routing all retail customer calls to this center.  The Business Center can manage general customer service requests or provide information on EES product offerings.

The number for the EES Business Center is 800-337-7827 (800-EES-SVCS) or internally, calls can be transferred to x59390.  E-Mail address is: EESBusinessCenter@enron.co.

Thank you for taking the time to route these calls appropriately.  Your assistance is critical to Enron's customer acquisition success and to ensure our customers' satisfaction.

IN THE NEWS
"Back in the Saddle"  INTERVIEW with KENNETH LAY, ENRON - The US energy group's chairman tells Sheila McNulty of the job facing him after the sudden departure of the company's CEO.   08/30/2001 Financial Times  (c) 2001 Financial Times Limited.   All Rights Reserved
Nonetheless, Mr. Lay has decided to take more time over the appointment. "There is no big rush," he says. He himself will remain chief executive for as long as it takes to find the right person for the job.
"The board has made it very clear that we are going to take our time. I have extended my contract through 2005. I'll stay that long if needed. I'll stay longer if needed. But we're going to take our time. We're going to make sure that we make the right choice," Mr. Lay says. "We're going to make sure that the financial community agrees that that would be the right choice. We're going to make sure that, obviously, the employees and the organization believe that is going to be the right choice."

WELCOME
New Hires
EA  - John Boomer, Robert Haines, Kathryn Jenkinson, Laura Prothro, Jason Kuepker, Susanne Hill

NUGGETS & NOTES

Steve Van Hooser has joined the EIM Legal Group to handle Forest Products and Steel Trading.  We are delighted to have Steve as part of our team.

EnronOnline Figures
Below are the latest figures for EnronOnline as of September 4

?	Total Life to Date Transactions > 1,400,000
?	Life to Date Notional Value of Transactions > $800 billion

Enron Wholesale Services Best Practice Tips
United Parcel Service (UPS) is Enron's Preferred Vendor for Express Deliveries
To receive a UPS Online User Guide that includes instructions for Online Registration, Shipping,
Supply Ordering and Drop-Off locations, contact Glenn Lewis (GSS) at 713-646-7512.

In Houston, UPS supplies are available in the 1400 Smith Street mailroom.
In remote locations, call the Enron Preferred Customer Associate at 800-432-2877
or go to ups.com and log in, select supply icon and then select from supply menu.

News from the Global Flash

EES Europe Celebrates Pirelli Deal
EES Europe is celebrating another deal with an attractive brand name after clinching a three-year contract with Pirelli Cables and Systems, the world's leading energy cable manufacturer. The deal gives EES the right to match bids to supply gas and electricity to 18 manufacturing sites in Italy and the UK. EES will also assess opportunities for energy management programmes designed to increase energy efficiency at Pirelli's facilities.

Bob Manasse, Vice President Origination of EES Europe, said: "Congratulations to all those involved for securing EES another great deal which will strengthen our position in Europe and give us a valuable point of entry into the Pirelli tire organization and the recently acquired Telecom Italia."

German Gas Deal - First Municipality Transaction Signed in BEB Territory
Congratulations are due to the Frankfurt and London-based gas teams who, in the face of tough competition from the Northern German incumbent supplier, BEB Erdgas and Erdoel (a jointly held Shell and Exxon subsidiary), succeeded in securing two gas supply agreements with the cities of Peine and Uelzen on 24th August. Securing transmission will be challenging due to the fact that BEB has the most onerous grid access terms in Germany. However, the gas team is hopeful these transactions will bring about a turning point in gaining access to customers within BEB's territory, which until Enron closed on these deals was considered to be the "heart land" of Germany.

Enron Names New UK Coal-Hauling Freight Locomotive
On Saturday, 1st September, a ten-strong delegation from Enron's coal team traveled up to British Energy's Eggborough coal-fired power station to take part in the naming ceremony for a newly-acquired Class 66 freight locomotive, recently put into service by Enron business partner and rail freight specialist, Freightliner Heavy Haul.   Enron and Freightliner Heavy Haul signed a contract for UK coal transport in June 2000, effectively breaking the local monopoly in the rail transport of coal held by an incumbent rail freight company.  True to form, the introduction of competition has reduced rates and dramatically improved service levels.

Stuart Staley, Enron's international coal group vice-president, praised the dedication of the Freightliner train drivers and staff who have contributed to the success of the service for Enron. While Eddie Fitzsimons, managing director of Freightliner Heavy Haul Ltd noted:  'We only started running coal trains in December 2000 and we have now run more than 17,000 individual wagon journeys containing more than one million tonnes of coal, almost all of that for Enron.'

The coal team selected the name Don Raider from numerous entries received from an earlier Globalflash competition:  "The new locomotive was named Don Raider, after the river Don, a major river in South Yorkshire where a number of our customers are located," explains Tom Kearney, a director in Enron's international coal group who executed the original deal with Freightliner.  "Other "Raider Class" Freightliner Heavy Haul locomotives will be named at a later date, each bearing the name of a river which flows near to coal-fired power stations and major coal-importing ports."

While mischievous Enron employees may think the name sounds suspiciously like a covert activity carried out by the new market entrants, we can assure you that would simply be speculation!   Congratulations again to the Coal team on securing this landmark deal.

Enron Credit Statistics
Please find following the latest figures for Enron Credit as of September 5, 2001:

*	Total Year to Date Transactions >  550

*	Year to Date Notional Value of Transactions > $9.82 billion

*	Total Life to Date Registered Users >  over 7,000 non-Enron users and 790 Enron users

		- 9% of non-Enron registered users visit www.enroncredit.com more than once per week
		- over 2,500 registered users log in to the Enron Credit website each month

*	Enron Cost of Credit (ECC) > over 22,000 readers per week view the ECC in independent publications

We are looking for great ideas for the EnTouch and the Brown Bag Lunch Series.
Do you have terrific news that you want everyone in EWS to know about? Something interesting going on in power and gas markets? Or in industrial or global markets?  We are also looking for speakers for the Brown Bag Lunch Series. If your group is working on a special project or you have just completed a newsworthy deal, let us know.  Send your ideas to Kathie Grabstald via email or call x 3-9610.

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

<Embedded Paintbrush Picture>


Mark:

Below are some changes I would like to propose we make to our form of Master
that we send to Mexican counterparties.

The issue is what documents do we request of Mexican counterparties in order
to receive assurances of appropriate corporate authority for the execution
and delivery of the Master.  Below is the current language and my proposal.

Current
A Certificate certifying (a) resolutions of Party B,s and its Credit Support
Provider,s (if any) board of directors (or other governing body) authorizing
this Agreement and the Transactions contemplated hereby (or the Credit
Support Document, as the case may be) and (b) copies of Party B,s and its
Credit Support Provider,s (if any) articles of incorporation and bylaws (or
other constituent documents)
A certified copy of a Power of Attorney authorizing a specified person or
persons to execute and deliver on its behalf this Agreement (or the Credit
Support Document, as the case may be)

Proposal:

A) Copies of Party B's and its Credit Support Provider's (if any) articles of
incorporation and bylaws, as amended from time to time (escritura
constitutiva y estatutos sociales vigentes) and, if required under Party B's
bylaws and its Credit Support Provider (if any) or, if otherwise available,
copies of the minutes of the meetings of the board of directors (or other
governing body)  of Party B and its Credit Support Provider (if any)
authorizing this Agreement and the Transactions contemplated hereby.

B) certified copy of a Power of Attorney granting a specified person or
persons with sufficient powers and authority to execute and deliver this
Agreement on its behalf (or the Credit Support Document, as the case may
be).

As you may know, most of our Mexican counterparties do not really pay
attention to what they are signing.  The result is that, in most cases, they
agree to provide certain evidence of authority that they really do not have
(for example, in Mexico, officer certificates are not usual and they do not
really mean much).  At the end of the day we receive executed Masters and all
corporate documents that are required under Mexican law to adequately prove
corporate authority but we are not receiving what the counterparty agreed to
provide in the Master (again they agreed to this because they do not read it
carefully).  I checked with our Mexican counsel both the issue and the
proposed language and he agreed with both.

The other issue is to add a paragraph in the form of legal opinion we request
from counsel to our Mexican counterparty, limiting the legal opinion to the
laws of Mexico.  The idea is to avoid wasting time with a change we
necessarily must agree with and most importantly, end up with a legal opinion
that "looks" more like a US opinion.  Language proposed: "The opinions herein
expressed and statements herein made are limited in all respects to the laws
of Mexico"

Finally, as I previously told you, I personally have no problems about
receiving legal opinions from in-house counsel.  Are you okay with this with
respect to Mexican counterparties?

I will prepare subordination language for the intercompany debt and will send
it to you tomorrow.

Thanks

Francisco Pinto-Leite
Enron Americas
1400 Smith Street
Houston, TX 77002-7361

Tel: 713-345-7942
Fax:713-646-3490


F.Y.I.

  Date      November 30, 2000
      Time      07:00 PM - 08:00 PM
      Station   PBS
      Location  Network
      Program   The Newshour With Jim Lehrer

              Ray Suarez, co-anchor:

              Finally, it's the latest hot idea for reducing energy
              costs.  Twenty-three states have enacted legislation to
              deregulate electricity rates and sixteen others are
              thinking about it, but California's pioneering efforts have
              already provoked an angry consumer backlash.  Spencer
              Michaels reports.

              Spencer Michaels reporting:

              In a San Diego strip mall, the owner of the tiny Youngling
              Oriental Vegetarian Market is having a hard time.  Yuman
              (?) Young owes two thousand dollars to San Diego Gas &
              Electric--SDG&E--an amount he can't come up with.  Like
              many San Diegans, his electricity bill has skyrocketed this
              year.

              So this is your bill in March, right?

              Yuman Young (Youngling Oriental Vegetarian Market):  Right.

              Michaels:  And the bill is--

              Young:  And see, in March, the bill comes to about four
              seventy-eight.

              Michaels:  Then we have May.

              Young:  In May, it...

              Michaels:  Then we're up--

              Young:  ...goes to six seventy something.

              Michaels:  Six seventy-four.

              Young:  Yeah.

              Michaels:  And then--

              Young:  And then...

              Michaels:  And then we skip...

              Young:  ...we skip a month.

              Michaels:  ...June, but in July--

              Young:  And the--then in July, it goes to about thirteen
              hundred dollars.

              Michaels:  Thirteen hundred dollars?

              Young:  Yeah.

              Michaels:  And the same in August?

              Young:  And the same in August.

              Michaels:  Over thirteen hundred dollars.

              Young:  Yeah, right.

              Michaels:  Young's main electricity expense is his frozen
              food freezer that he keeps at minus seventeen degrees.  But
              people without such appliances have seen residential and
              commercial bills double and triple as well.  San Diego is
              the first California city to suffer the effects of the
              deregulation of electricity, which was enacted by the state
              legislature in 1996.  The theory was that by taking away
              the monopolies enjoyed by state-regulated utility
              companies, like SDG&E, new competition among electricity
              producers would result in a drop in rates.  But since such
              simple market economics would take awhile, the legislature
              imposed a temporary rate freeze to protect most parts of
              the state from higher prices.  In San Diego, the freeze
              came off this year letting the market set the price, a
              very high price.  SDG&E is owned by Sempra Energy, where
              Stephen Baum is CEO.

              Stephen Baum (Chief Executive Officer, Sempra Energy):
              It's been a terrible shock to our customers, seeing
              real-time prices for the first time.  And those prices are
              way out of sight because the wholesale market is broken and
              needs to be fixed.

              Michaels:  The vast wholesale market is something new.
              California utilities used to own most of the power plants,
              the high-voltage transmission lines and the system to
              deliver power to homes and businesses.  Under deregulation
              the utilities still deliver the power, but had to turn
              operations of the transmission lines over to a state
              agency.  In addition, they had to sell their power plants.
              So now almost all power is sold to the utilities on a
              wholesale basis by producers or generators.  And according
              to Baum, they charge what they can get.

              Baum:  There's been a very large wealth transfer from the
              customers in the state of California to the generators.  We
              don't think the market's workably competitive.  There
              aren't enough players and there's not enough generation.
              Until that occurs, you're going to have dislocations at
              very high prices.

              Michaels:  The situation keeps getting worse as
              California's population keeps increasing, especially in the
              hot central valley.  Air conditioners and other appliances
              put a strain on a system already stressed by increased
              demand in other states where some of California's power
              comes from.  According to University of California
              economist Severin Borenstein, deregulation has aggravated
              the already tight situation.

              Severin Borenstein (University of California, Berkeley):
              Production in the state has really been stretched and that
              does two things:  One, is it naturally just creates a tight
              supply/demand situation that's going to drive prices up.
              The other thing it does, though, is it also puts the
              producers in a very strong position to push prices up even
              higher.  And, I think, there's no question the generators
              are trying to make as much money as they can.

              Michaels:  Duke Energy, headquartered in North Carolina, is
              one of the new generators in the California market.  Duke
              spokesman Tom Williams says much of its power was sold
              before prices rose and that profits are plowed back into
              new plants.

              The utilities and the consumer groups seem to think that
              the generators are making a lot of money on this crisis.
              Is that true?

              Tom Williams (Duke Energy Corporation):  Duke Energy sells
              the bulk of its power in the--in the forward market.  It
              was sold a year ago for the plants we have in the state
              now.  So the power's already been sold, and the price of
              natural gas has gone up two and a half times since last
              summer.  So there is a very tight supply situation, but
              we're reinvesting our profits back into the market to fix
              the problem.
              Michaels:  In fact, Duke is investing 1.1 billion dollars
              to modernize two inefficient power plants it bought from
              the utilities.  As part of the deal it also had to buy
              this old PG&E plant in Oakland, which has been running
              overtime because of the power shortage.  Over the last two
              decades only a few companies have actually begun
              construction of new power plants because of what they saw
              as the uncertainties of the regulatory climate.  This plant
              near San Francisco, being built by Calpine, will supply
              enough electricity for half a million homes.  It will be
              ready by next summer.  Calpine vice president, James
              Macias, says his company predicted the shortage of power
              and took a risk.

              James Macias (Vice President, Calpine):  You could see the
              fundamentals forming of the need for more--more power.
              There hasn't been a big power plant like this built in the
              state for--for decades.

              Michaels:  Macias says the utilities should have contracted
              for power at lower rates before it was actually needed.  He
              expects that the profits power companies are making now
              will decline as more power comes on line.

              Macias:  We're doing pretty good.  We're being rewarded for
              having the vision and the foresight to come in here and
              build this--this--this needed supply.  But they're not
              going to last.  As soon as this--more of the supply comes
              in, the prices will come down and they'll be--they'll be
              depressed again.  They have to come down.  This economy,
              again, can't support these high prices.

              Michaels:  Although twenty new plants are in the planning
              stages, it takes five years to design and build just one.
              With very little additional supply in the immediate
              pipeline, the director of San Diego's utility watchdog
              group, Utility Consumers Action Network, says regulators
              must get involved to return rates to reasonable levels.

              Michael Shames (Consumer Advocate):  They could have
              immediately put--reinstated a price cap.  They could have
              immediately said, hold on a second folks.  We're not going
              to tolerate this.  We're not going to see a region like San
              Diego thrust into a depression.

              Michaels:  But Michael Shames says some legislators and
              regulators were ruled by their uncompromising belief in a
              free-market ideology.

              Shames:  There were a number of people, well-placed people,
              who were so ideologically driven to force competition to
              work in a market such as energy that they didn't want to
              look at the signs when they saw that the experiment wasn't
              working.  They didn't want to acknowledge it wasn't
              working, and they were prepared to sacrifice a city, San
              Diego, a state, California, and possibly a country, in
              order to see their ideologically driven vision--vision
              work.  (Clip from a TV commercial)

              Michaels:  Shames' consumer group was so outraged at the
              price increases they bought TV ads and urged civil
              disobedience.

              Dianne Jacob (Chair, San Diego County Supervisor):  Join me
              and other San Diegans and let's send a message.  Pay only
              what is fair.  When your SDG&E bill comes, pay what you
              paid last summer.  That's fair.

              Michaels:  At the California Public Utilities Commission,
              President Loretta Lynch agrees that regulators could remedy
              the situation, but she says it's not up to the state.
              Only the Federal Energy Regulatory Commission has the power
              to cut back prices.

              Loretta Lynch (California Public Utilities Commission):  If
              the federal government allowed power plant owners to make a
              reasonable profit instead of an excessive profit, then that
              would drop the price of wholesale power.  And if that price
              dropped we would not be in the pickle we're in today.

              Michaels:  Federal Energy Regulatory Commission president,
              James Hoecker, replies that simply using price controls
              discourages investment in an industry that needs it.

              James Hoecker (Federal Energy Regulatory Commission):  What
              my friend, President Lynch, has said reflects a kind of
              thinking that markets can never be made to work and that
              ultimately we have to resort to cost-based, profit kinds of
              regulation of utilities.  And I think that this market has
              marched past that as an option.

              Michaels:  In November, the Federal Energy Regulatory
              Commission proposed a major change.  Utilities would not be
              required to buy power from the power exchange--a kind of
              stock market for electricity where prices have soared.
              Instead, the utilities will be able to buy directly from
              producers.  The federal agency has launched an
              investigation into California's troubles, hoping for a
              long-term solution.

              Unidentified Woman:  This legislation, today, has the
              ability to provide immediate and real relief to San
              Diegans.

              Michaels:  The California legislature struggled this year
              with what to do, short term, for the people of San Diego.
              The debate centered around a proposal to cap electricity
              bills at sixty-five dollars a month, retroactive to June 1.

              Charlene Zettel (Assembly Member, Republican, San Diego):
              What is San Diego's problem today will be California's
              problem tomorrow.

              Rico Oller (Assembly Member, Republican, San Diego):  You
              know who we can thank for this problem?  You want to get
              right down to brass tacks?  You can thank all of the
              knuckle-headed people in this legislature and in
              government, in general--in general, who have stood in the
              way of doing the smart and sensible thing that anyone would
              have the sense to do in the real world, and that is to
              provide for their future needs by increasing production.
              We need to build some facilities to produce power.

              Unidentified Man:  All debate having ceased, the clerk will
              open the roll.  All members vote who desire to vote.

              Michaels:  The San Diego rate cap passed, but the state is
              still far from a solution.  Higher electric rates are
              forecasted for the rest of the state as the caps come off
              in other cities.  And even more troubling is the fact that
              the price rollback is being bankrolled by the utilities,
              since they still have to pay the generators for the power
              but can't pass those prices on to their customers.

              Economist Borenstein says other states better examine
              California's experience before proceeding with
              deregulation.

              Borenstein:  I think most states that are deregulating
              right now, if they have a tight supply situation, are very
              likely to see spikes just like ours.  The best advice I
              think for most of these states is to take a break, not move
              forward on their deregulation, watch the experiments that
              are going on in California and New York and Pennsylvania
              and Texas and a number of other states and learn from them,
              because we're learning a lot from them as we do this.

              Michaels:  The success or failure of deregulation across
              the country will depend partly on easy access to power
              transmission lines so that electricity can be transferred
              more readily to where it's needed.  The federal government
              is working on that problem.

                        # # #


Following are the deals I changed to the correct time zones, per Will Smith's
list:

520330 - forward
373613 - forward
359846 - EOL
353314 - EOL
352613 - EOL
349391 - EOL
349389 - EOL
349242 - EOL
330282 - EOL
300686 - forward
272524.2 - forward
220845 - forward

Most of these were just April deals, and it looks like they all suffered from
the same incorrect default we ran into before. On the longer term deals I
made sure to choose "no" when it asked if I would like to clear all routes
for the deal; but let me know if you find anything out of the ordinary.

Thanks,
Kate

Cara Semperger
03/26/2001 10:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: More deals found by Will Smith

Do you want to look into these, the first one made me nearly wet my pants!  I
think I want a deal control professional on this one.............   :)


Another follow-up message re status of execution of master agreement.  Please advise.

Thanks!

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com

 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, August 27, 2001 4:26 PM
To:	'aboytinck@msn.com'
Subject:	Master Agreement

Mr. Boytinck:

I am sending this e-mail to check on the status of the Master Agreement for Garden City Plaza Ltd. that was forwarded to you for execution.  It would be appreciated if you would let me know the status.

Thank you!

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com


do you have the internet addresses and directory details put togethor yet

 -----Original Message-----
From: 	Tripp, Garrett
Sent:	Thursday, January 17, 2002 12:32 PM
To:	Milnthorp, Rob
Cc:	Zufferli, John
Subject:	RE: Ontario Update

Rob,

Markets
My marks show how we believe the market would trade if the market were open today, considering neighboring markets, transmission/wheeling costs, and fuel costs.  More of a expected liquidation value vs. the current Ontario market players bids and offers.

The market on 3yr 7x24 is being shown by a broker: $46-$48, and on the wholesale side I doubt the bid is actually there, or if so it is only a piece deep (50MW).

As a result, I would show an actually two way of $43-$47.50 and be coming from the sell side to the industrial customers who may pay in the $46-$47 range.

Peak, my 3yr mark is $52, but given the often bullish nature of new markets, I would be a bid for this summer and then look to offer the 3yr in the low fifties.  Upcoming changes in the Ontario system (Nodal vs. Zonal pricing) would have an effect on these term deals.

Staffing and Services

Trading
On the trading side, I will need to rehire personnel for the roles we laid off (an analyst and a temp IT programmer for fundies development).  Analyst wise, I am interested in bringing Brian Loy back if he is still available.  He has a good knowledge of the NUG contracts and is a good fit for a trading desk.  As our need for providing IMO Energy and Operating Reserve Services (bidding for specific NUGS and Dispatchable Loads) grows, it may be a good idea to bring Heather Mcillmurray over from the settlements group.  I have had initial discussions with Richard Crouch, Paul Devries and Heather on this matter.

Origination
This is your area of expertise. I would suggest two originators and an analyst.  If Dan Dorland is staying, he could continue on the origination side providing education to our new origination team, and being the analyst to assist the OEFC-NUG point personnel (Brian Loy's previous role).

IT
Implementing the trading and VMS systems is a very important issue where timing will become an issue. I would suggest a short term (6mo) contract with Mike Marryott to manage the system's side of this process and to integrate with the Estate and NETCO on trading and settlements systems (specifically David Posten's VMS team).  His location should be in Toronto.

Let's get on these issues as soon as possible.

On specific personnel, I would have liked to have retained Jeff Borg and Chris Gaffney.

Office Space
Tembec, our neighbor on this floor, has often indicated that they are interested in some of our office space. If that interest remains, we could examine leasing all of the space passed the flat screens (the origination desk/pod, one conference room and storage area, not to include our server room).  This would leave us with space for up to 24 people, two conference rooms, & kitchen.  As an alternative, we could consider moving upstairs into the Enron Direct location.

Potential Conflict of Interest
I would suggest releasing employees that will not be part of Estate or UBS relatively soon.  Specifically, the group that is leaving here, but will be participating in the Ontario market.  UBS Ontario information and resources are proprietary and confidential.  If personnel are being kept on to wind-down specific activities, their access to UBS power & gas curves should be restricted.

As time becomes available, we should get together and discuss Ontario's business plan.

Thank you
Garrett

 -----Original Message-----
From: 	Milnthorp, Rob
Sent:	Wednesday, January 16, 2002 6:53 PM
To:	Tripp, Garrett
Subject:	RE: Ontario Update

Garrett, I take that these are your mids. Where would your 3yr two-way be?

 -----Original Message-----
From: 	Tripp, Garrett
Sent:	Monday, January 14, 2002 1:31 PM
To:	Devries, Paul
Cc:	Milnthorp, Rob
Subject:	Ontario Update

CAD	Peak		7x24
1yr	$50.00		$42.75
3yr	$52.00		$44.00
5yr	$52.50		$44.00


<<Schedule of Downpower Fuel Leak Update.doc>>

Thank you,

Bobbi J. Kilburn
Treasury & Risk Administrator
Vermont Yankee Nuclear Power Corp.
(802) 258-4120
(802) 258-2101
Bobbi.Kilburn@vynpc.com

 - Schedule of Downpower Fuel Leak Update.doc


can you change #23 and #375 to Nymex


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/16/2001
01:59 PM ---------------------------

	From:  Larry Joe Hunter                           02/16/2001 01:58 PM

To: Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON
cc: Ellen Wallumrod/NA/Enron@ENRON, Richard Deming/NA/Enron@Enron
Subject: Cross Timbers

Sorry for the late notice on this one.
Can you provide MTM values as of Dec 29, 2000, for the short name of CROSS
TIMBERS.

Thanks again,
Joe Hunter


Clickpaper Executive Summary for 4/10/01
Transaction Summary	New in Prior
	24 Hours	LTD
External Transactions 	5	288
Notional Value of Deals Completed 	$1,252,890	$691,169,665
Notional Tonnage of Deals Completed	2,000 tons	1,178,760 tons
Notional Board Feet	110,000 BF	24,192,000 BF
Notional Square Feet	0 SF	2,910,000 SF

Registration Activity	New in Prior
	24 Hours	LTD
Registered Clickpaper Users	1	458
Guest ID's Issued	0	2,429
Credit/Legal Review in Process	3	17
Credit Declined with Process Complete	0	12
Number of Password Applications Received	9	573

Products Offered	New in Prior
	24 Hours	LTD
Number of Financial Products Offered	0	60
Number of Physical Products Offered	0	63

Counterparty Activity
Number of Counterparties Having Transacted to Date	44
New Counterparties Transacting for the First Time Today	1


Here is the latest model.  Thanks
Ben


+ Finance Minister Yashwant Sinha outlined a program to stimulate growth
during the current fiscal year.
+ The World Bank is likely to increase funding in India to over $3 billion.
+ NIIT Ltd. stated that it has allocated $100 million for its acquisition
program, primarily focused on US targets.

USIBC Daily News
October 17, 2000

Agro/Patents/Pharma
October 17: The government has assured farmers in the northern state of
Haryana that it will consider giving them a relief package for damaged rice
similar to the one announced earlier for the farmers of Punjab. Business
Standard?
<http://www.business-standard.com/today/markets2.asp?Menu=1?
http://www.hindustantimes.com

Broadcasting/Entertainment
October 17: The Information and Broadcasting Ministry is evaluating two
alternative models for the introduction of direct-to-home television
broadcasting in the country: free-for-all and restricted competition.? The
Hindustan Times? (Print edition only)

Communications
October 17:The Indian government has framed detailed rules and appointed an
official structure under its e-commerce law to enable digital signatures and
transactions from Wednesday, officials said. Reuters
http://www.siliconindia.com/shownewsdata.asp?newsno=5525&newscat=Technology

October 17: Telecom Venture Group (TVG) of Hong Kong and its associates are
planning to sell their 11% equity stake in BPL Communications, the holding
company for the BPL group cellular phone companies, BPL Mobile and BPL
Cellular. Business Standard
http://www.business-standard.com/today/corp9.asp?Menu=2

October 17: Hughes Tele.com India Ltd (HTIL), a unit of Hughes Network
Systems, became the first private telecommunications company to complete
initial public offering (IPO), becoming the first private telecommunication
company in India to go public. The total equity raised approximately $193
million. siliconindia
http://www.siliconindia.com/shownewsdata.asp?newsno=5515&newscat=Technology

Economic/General News
October 17: Finance Minister Yashwant Sinha has outlined a program to ensure
7% growth during the current fiscal year. This includes pushing through
pipeline power sector projects, expediting the prime minister's north-south
national highway program and imparting momentum to the economic reforms by
taking up important legislations during the forthcoming winter session of
Parliament.?? The Financial Express
http://www.expressindia.com/fe/daily/20001017/fec17064.html

Energy
October 17: BP Amoco will join a consortium led by Indian Oil to promote a
venture that will import liquefied natural gas in Kakinada, in the southern
state of Andhra Pradesh.? The Financial Express.? (Print edition only)

October 17: The Indian government will continue to own 51% of the equity in
Indian Oil Corporation, Oil and Natural Gas Commission and Gas Authority of
India Ltd.? The Financial Express.? Rediff
<http://www.rediff.com/money/2000/oct/16rupee.htm>

Financial: Trade & Investment
October 17: The Ministry of Finance has cleared the Finance Companies
Regulation Bill. The proposed legislation, which will bring all non-banking
finance companies under a separate act, has been referred to the Cabinet
Committee on Economic Affairs.? The Economic Times? (Print edition only)

October 17: Industry chambers have urged SEBI to review provisions in the
takeover code to discourage hostile takeovers. They have independently urged
that the regulations on creeping acquisitions be relaxed further so that
promoters can counter takeover bids effectively.? The Times Of India
http://www.timesofindia.com/today/17busi2.htm

October 17: The World Bank is likely to increase its funding in India to over
$3 billion during the current financial year, significantly higher than the
$1.8 billion sanctioned during the 1999-2000 fiscal year. Business Standard
? http://www.business-standard.com/today/economy1.asp?Menu=3

Information Technology
October 17: NIIT Ltd. stated that it has allocated $100 million for its
acquisition program.? NIIT is primarily looking at acquisitions in the US,
which it has identified as a key market. The Hindu Business Line (Print
edition only)

October 17: Convergent Communications India Pvt.Ltd. has entered into a
strategic alliance with U.S.-based Smart Modular Technologies for marketing
its memory modules, memory cards, and communication products. The Financial
Express (Print edition only)

Insurance and Finance
October 17: The Securities & Exchange Board of India made it compulsory for
asset management companies to disclose their balance sheets every year.
Business Standard http://www.business-standard.com/today/markets2.asp?Menu=1

Political/International
October 17: A senior BJP leader stated that Mr. Advani is will be the choice
for the job of Prime Minister, if the need arises," The Hindu
http://www.hinduonline.com/today/stories/01170004.htm

Sanctions
October 16: Republican presidential candidate George Bush has said that if
elected he would not press India to sign the CTBT and favored immediate
lifting of all US sanctions against New Delhi. The Times of India
http://www.timesofindia.com/today/16worl3.htm

Transportation/Infrastructure
October 17: Surface Transport Minister Rajnath Singh has announced that the
golden quadrilateral project is on schedule. He said that the government has
begun implementing construction on 911 km of road and is preparing
implementation for the remaining 4,397 km of roads.? The Economic Times
http://www.economictimes.com/today/17infr06.htm

==============================================================================
=
The USIBC Daily News is a free service of the U.S.-India Business Council to
USIBC Members and affiliates.
USIBC provides Internet links to news stories for informational purposes
only, and makes no representation
of the accuracy of information posted on other organizations' websites.? To
add or remove your name from this
list, or with questions or comments, please contact USIBC via e-mail at
usibc@uschamber.com.

U.S.-India Business Council
Website: http://www.usibc.com

1615 H Street NW
Washington DC 20062-2000
Phone 202 463 5492
Fax 202 463 3173

West Coast
477 Ninth Avenue, Suite 107
San Mateo, CA 94402
Phone 650 685 8790 xt. 16
Fax 650 343 2848


Can I change my deals or are they calcing in risk?

   Kate Symes                04/18/2001 03:56 PM

To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Re: Sierra pacific industries

I've changed deals 581499 and 581605 to Sierra Pacific Power. They're suposed
to be transmission deals, they were just in with the wrong counterparty name.
And thanks again for working so hard to finalize this Sierra Pacific Holding
Co. thing.

Kate

Rhonda L Denton
04/18/2001 01:39 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Sierra pacific industries

Kate, I am changing the forwards to the HOlding Company.  There are 2
transmission deals with Sierra Pacific Industries that I think should be
Buy/Resales.  We do not have transmission with either entity.  Can you check
and see if the counterparty should be changed or they should be Buy/Resales?
Thanks.


that is you dancing at sierra.


Andrea, This looks good.

I have two nits:  First, the street value of our phone book is $1k, not $1.
Also, "loosing" people should be "losing" people.

One other risk is that the descriptions of what people are doing could reveal
confidential business strategies to our competitors because there is no
filter on what employees can/can't put.  In other words, if an employee is
working on developing something within Enron that our competitors do not know
about, expertfinder could provide them with that data/strategy.

One other recommendation (by Scott) was to allow access only from an Enron
facility -- not remotely.  This would manage risk of a person taking a laptop
to a competitor and also would protect against hackers.

Given that employee talent is a major asset, we should find ways to move that
talent around while also protecting it from being picked off from the outside.

Thanks.

Michelle


Kelly M. Loocke
Enron North America
713-853-3570
pager:  877-872-7966

-----Original Message-----
From: Younger Paula [mailto:Paula.Younger@swpc.siemens.com]
Sent: Tuesday, October 30, 2001 4:30 PM
To: Loocke, Kelly; Collins, Joann; Barbe, Robin
Cc: Miller Frank; Dunn Thomas J; Grimes Ricky H
Subject: Gas Order for Wednesday, October 31st

Kelly,

CALP would like to order 5,000 DTHs of gas for Wednesday, October 31, 2001
to test one unit prior to releasing from scheduled fall outage.
Please confirm order.
Paula


There is a new schedule out for January.  There are several changes, however
all should be agreeable.

Thanks,

Ryan Slinger


It was good seeing you.  Thanks for dinner.  Shawna and I were waiting for
your call about a coffee (she even said she'd buy!), but I guess we missed
you for this trip.  She sends her regards!

I harassed Justy about his movie career.  He told me he was the body double
for Russell Crowe.  I asked him whether he and/or his horse had hired agents
yet (depending on who was getting better reviews!)

Keep me posted on the house.  It looked great!


Hi Corry and Kate,

Option Exercise has been fixed and migrated to stage.  Could you (or members
from your group) please test it and let me know if it is working according to
the way you use it?  Although we did some pretty thorough regression
testing,  we want to ensure that we didn't miss anything from a user
perspective since this is such an important Enpower application.  We are
hoping to release Option Exercise to prod either later today, or early
tomorrow, once we have gotten your approval.

If you have any questions or comments, please email or call me at:
(713)853-9863.

Thanks,
Nadine (Enpower-QA).


Start Date: 1/8/02; HourAhead hour: 24;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010824.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 24 / Preferred: 376.39 / Final: 376.36)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 1/8/02
  SC_ID: ENRJ


MARKET NOTICE
January 30, 2002

ISO Market Participants
Settlement Contacts:

The ISO filed its Grid Management Charge (GMC) rate filing with the FERC on
November 2, 2001(link: http://www2.caiso.com/pubinfo/FERC/filings/
<http://www2.caiso.com/pubinfo/FERC/filings/> )

On December 20, 2001 the FERC issued its "Order Accepting 2002 Grid
Management Charge For Filing, Suspending Tariff Revisions, and Establishing
Hearing Procedures", (link:
http://cips.ferc.gov/Q/CIPS/ELECTRIC/ER/ER02-250.00B.TXT
<http://cips.ferc.gov/Q/CIPS/ELECTRIC/ER/ER02-250.00B.TXT> )

Effective January 1, 2002, the cost components are:

*	CT 521, Control Area Services; $0.575/MWh assessed on gross control
area load and adjusted export quantities
*	CT 522, Congestion Management (previously Inter-Zonal Scheduling
Charge); $0.368/MWh assessed on net inter-zonal scheduled load, excluding
ETCs
*	CT 524, Ancillary Services & Real-time Energy Operations (previously
CT 523, Market Operations Charge); $0.957/MWh assessed purchases and sales
of real-time/imbalance energy, Ancillary Services and on 50% of effective
A/S self provision

Should you have any questions, please contact your Account Manager or
CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>

Client Relations Communications.0328
CRCommunications@caiso.com <mailto:CRCommunications@caiso.com>


CALENDAR ENTRY:	APPOINTMENT

Description:
	Meet w/Mary Solmonson RE: MATRIX  eb2129

Date:		12/15/2000
Time:		4:00 PM - 5:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Kevin

Is this the guy you are interviewing.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 08/04/2000
12:53 PM ---------------------------

	From:  Jeffrey A Shankman @ ECT                           08/03/2000 09:44 AM

To: John J Lavorato/Corp/Enron@Enron
cc: Chris Williams/HOU/ECT@ECT

Subject: cover letter and resume for positions in natural gas trading

We've interviewed this guy before and had no interest then, have no interest
now, and won't in the future.  I think he is trying to get in the door again
somehow.

Thanks.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 08/03/2000
09:36 AM ---------------------------

Rick_Wurlitzer@eott.com on 08/01/2000 01:12:42 PM
To: Jshankm@enron.com
cc:
Subject: cover letter and resume for positions in natural gas trading

(See attached file: WurlitzerResume3YNMnLSBMIDVASnolicHEOTEnron.doc)

8214 Colonial Oaks Lane
Spring, Texas 77379

August 1, 2000
Mr. Jeff Shankman
Enron North America
Houston, Texas
Jshankm@enron.com
Regarding: positions in natural gas trading

Dear Mr. Shankman:

I  am  writing to inquire about positions in natural gas trading with Enron
North  America.   I  have been working with EOTT Energy Corporation for the
last  four  months on a temporary basis on a project involving setting up a
profit/loss  report  for  the  various regions within the United States for
EOTT's  crude  oil trading and marketing business.  Previously, I worked in
the  energy  industry  for  over  two  years  in  trading, risk management,
structured  products  and  marketing of electricity and natural gas for the
western  United  States.   Additionally,  I  was  actively  involved in the
physical  markets  and  gained  a strong understanding of the western grid.
Furthermore,  I am an expert in options trading and have a strong knowledge
of the commodity and financial markets.  Moreover, I have also traded NYMEX
natural  gas  futures,  options  on futures, forward contracts for physical
power  and  options  in  SERC, SPP, MAAC, MAIN, ECAR and ERCOT.  Finally, I
have  had  experience  setting  up/operating  market  simulation models and
maintaining the underlying databases for fixed income securities.  Prior to
entering the energy markets, I worked as the senior trader/risk manager for
Mellon  Mortgage  Company  in  Houston,  Texas.   At  Mellon,  I positively
affected  the  bottom  line  performance  of the company for over two years
through  strategic  trading  and  hedging of mortgage backed securities.  I
received the Premier Achievement Award from the Chief Executive Officer for
outstanding  financial  performance  and  the  Employee  Choice  Award from
co-workers for my tenacity and diligence in work.  My expertise with listed
futures  and  options  on  futures,  OTC  options and swaps, as well as the
ability  to  positively  affect  the  bottom  line could definitely make an
impact  with  your  team.   In addition, my competitive and entrepreneurial
personality  allows  me to constantly look for profitable solutions or cost
effective ways of managing risk.

As  you  will  note  from  the  enclosed  resume, I managed the trading and
hedging  of  the  interest  rate risk on mortgage loans for Mellon Mortgage
Company.   The  interest  rate risk was managed by use of forward sales and
purchases  of  mortgage backed securities, put and call options on mortgage
backed securities, and 10 year CMT Index floors.  In addition,  futures and
options on futures on U.S. Government Treasury notes and bonds were used at
the  appropriate  time  taking into account the basis between mortgages and
treasuries.   Previously,   I worked for The Long-Term Credit Bank of Japan
in  New York as a proprietary trader in fixed income. Earlier, I worked for
Garvin  Guybutler  Corporation,  a  major  international  money and deposit
broker.    Primary  responsibilities  at  Garvin  included  uncovering  and
executing  arbitrage EuroDeposit transactions in order to enhance placement
yields   and   reduce   borrowing  costs  relative  to  Eurodollar  deposit
transactions  of  similar  maturities.   In addition, I was involved in the
brokering   of   Term  Federal  Funds,  EuroDollar  deposits,  EuroCurrency
deposits, Interest Rate Swaps and Forward Rate Agreements.

It  would be my pleasure to discuss these qualifications with you and learn
more  about  positions  in  natural  gas  trading with Enron North America.
Please contact me so we can talk about possible opportunities.

Thank you,

Rick J. Wurlitzer
(281)251-6210
E-Mail: rwurlitzer@juno.com
 - WurlitzerResume3YNMnLSBMIDVASnolicHEOTEnron.doc


Thanks for the invitation.

I shall attend.

Vince Kaminski

	Enron North America Corp.

	From:  Charlene Jackson @ ENRON                           01/03/2001 10:08 AM

Sent by: Cheryl Kuehl@ENRON
To:
cc: Sherri Sera/Corp/Enron@ENRON, Katherine Brown/Corp/Enron@ENRON, Julie
Braly/NA/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Shelly Butler/HOU/ECT@ECT,
Jana Giovannini/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT, Teresa
Bosien/HR/Corp/Enron@ENRON, Charlene Jackson/Corp/Enron@ENRON, Cheryl
Kuehl/Corp/Enron@ENRON (bcc: Vince J Kaminski/HOU/ECT)
Subject: Associate and Analyst Programs New Year's Kickoff Reception


...because I'm good enough, I'm smart enough and dog-gonnit people like me.

To: Susan M Scott/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Gary
Stadler/HOU/ECT@ECT, Tobin Carlson/HOU/ECT@ECT
cc: Michael E Moscoso/HOU/ECT@ECT
Subject: Congratulations

All,

Thanks for all your help the other week ... the article in the e-mail below
highlights the effect on Enron!!!!

RZ

---------------------- Forwarded by Rudi Zipter/HOU/ECT on 03/26/2000 12:31
PM ---------------------------

Andrew Champion
03/27/2000 12:20 PM
To: Rudi Zipter/HOU/ECT@ECT
cc: Ganapathy Ramesh/HOU/ECT@ECT
Subject: Congratulations

We passed... check out this article - Ramesh pointed it out to me:

http://biz.yahoo.com/rf/000323/sc.html

"Moody's raises Enron Corp long-term debt..."

"...Stress testing and VAR calculations in the Wholesale business are
consistent on a relative scale with other commodities trading firms..."


Please see below and let me know your thoughts on the GTC/confirmation
question?
Thanks
Carlos

---------------------- Forwarded by Carlos Alatorre/NA/Enron on 11/08/2000
08:47 AM ---------------------------

Dale Neuner@ECT
11/08/2000 08:42 AM
To: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Carlos Alatorre/NA/Enron@Enron
cc: Sheri Thomas/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Torrey
Moorer/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT

Subject: Re: New Product Type: US Pipeline Capacity Release

We don't have a system workaround that allows a customer to transact  on a
Product that's not covered by a Master Agreement and NOT choose a GTC.

So, having to choose a GCT for a transaction that would not be Confirmed is a
Mark Taylor issue.

Carlos, do you know Mark's position on this? If not, please follow-up with
Mark.

Dale

To: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT
Subject: New Product Type: US Pipeline Capacity Release

fyi
Dale/Rob
Were are your thoughts on the GTC question?
---------------------- Forwarded by Jennifer deBoisblanc Denny/HOU/ECT on
11/08/2000 08:34 AM ---------------------------

	From:  Scott Mills                           11/08/2000 12:56 AM

To: Jennifer deBoisblanc Denny/HOU/ECT@ECT
cc: Bob Bowen/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Russ
Severson/HOU/ECT@ECT, George Grant/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT,
Victor Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Robert
Superty/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
Subject: New Product Type: US Pipeline Capacity Release

The product description specifically designates a GTC -if we are not
confirming the transactions should we make this reference?  Other than that,
it seems ok.  For those that have not been involved in the discussions, this
type of transaction will not bridge automatically from EOL to Sitara.  It
will have to be monitored and entered manually.  Since this will be a
capacity release deal, the pipeline contract number that we a releasing will
be a crucial piece of information when entering the transport capacity deal.

SRM (x33548)
---------------------- Forwarded by Scott Mills/HOU/ECT on 11/08/2000 12:43
AM ---------------------------

From:  Carlos Alatorre @ ENRON
             11/07/2000 07:18 PM

To: Scott Mills/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Frank
Hayden/Corp/Enron@Enron, Tom Moran/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT
cc: Gerald Nemec/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT
Subject: New Product Type: US Pipeline Capacity Release

A new Product Type has been created for US Gas Capacity Release (US Pipeline
Capacity Release).
We will certainly appreciate your approval so we can move forward and have
everything ready for launching on Wednesday Nov. 15th.
Below you can see an example of the Prod. Description in case you can not see
the complete text on Datamanager.
If you have any questions or comments please let me know.
Thanks
Carlos
X5-8705


Today's scheduled extracts were delayed by a system issue this morning.
The extracts should be available by some time this afternoon, except the
Load and Registration extract which are expected to take a bit longer to
run. If you have any question or concerns, please contact you Client
Representative.

ERCOT Client Relations
ClientRelations@ercot.com
512-248-3900


Southwest Airlines e-mail update for
May 1, 2001

****************************************************************
Your Freedom to Travel This Week Includes

I. Anniversary Specials For $30 Each Way
II. southwest.com Click 'n Save(R) Specials
III. Southwest Airlines Discount Fare Specials
IV. Click 'n Save Subscriber Information
****************************************************************
Note: Now offering everything but room service.
Rental car and hotel reservations are now available
on southwest.com

********Anniversary Markets For $30 Each Way***********

I. This week's Anniversary Specials:

Baltimore Washington Int'l, MD
 $30 each way to/from Providence, RI

Corpus Christi, TX
 $30 each way to/from Houston, TX Hobby

Chicago, IL Midway
 $30 each way to/from Kansas City, MO

Portland, OR
 $30 each way to/from Spokane, WA

Tampa Bay, FL
 $30 each way to/from West Palm Beach, FL

The following restrictions will apply:

*Available only at southwest.com
*21-day advance purchase
*Fares are nonrefundable
*Travel May 22, 2001 through September 10, 2001,
 except for May 25 and 28, 2001
*Purchase beginning May 1, 2001 through
 May 3, 2001, midnight Pacific Time

Fares do not include a federal excise tax of $2.75
that will be imposed on each flight segment of your
itinerary. A flight segment is defined as a takeoff and
a landing. The fares listed do not include airport-assessed
passenger facility charges (PFCs) of up to $18 roundtrip.

Please visit our Reservations section to reserve the
Southwest Airlines 30th Anniversary Specials at
http://www.southwest.com/jp/hotfares.shtml?src=30th0501

******* southwest.com Click 'n Save Specials********
II. In addition to the Anniversary Specials, we have
included the traditional southwest.com
Click 'n Save Specials.

Albany, NY
 $65 each way to/from Chicago, IL Midway

Albuquerque, NM
 $57 each way to/from Dallas, TX Love Field
 $94 each way to/from Portland, OR

Amarillo, TX
 $34 each way to/from Dallas, TX Love Field
 $61 each way to/from Houston, TX Bush Intercontinental
 $61 each way to/from Houston, TX Hobby

Austin, TX
 $59 each way to/from Little Rock, AR
 $44 each way to/from Lubbock, TX

Baltimore Washington Int'l, MD
 $34 each way to/from Columbus, OH
 $34 each way to/from Hartford, CT/Springfield, MA

Birmingham, AL
 $61 each way to/from Chicago, IL Midway
 $53 each way to/from St. Louis, MO

Boise, ID
 $94 each way to/from Sacramento, CA

Buffalo, NY
 $94 each way to/from Jacksonville, FL

Burbank, CA
 $37 each way to/from Sacramento, CA
 $37 each way to/from San Jose, CA

Chicago, IL Midway
 $65 each way to/from Albany, NY
 $61 each way to/from Birmingham, AL
 $37 each way to/from Columbus, OH

Cleveland, OH
 $42 each way to/from Long Island/Islip, NY
 $37 each way to/from Nashville, TN

Columbus, OH
 $34 each way to/from Baltimore Washington Int'l, MD
 $37 each way to/from Chicago, IL Midway

Corpus Christi, TX
 $40 each way to/from San Antonio, TX

Dallas, TX Love Field
 $57 each way to/from Albuquerque, NM
 $34 each way to/from Amarillo, TX
 $89 each way to/from Jackson, MS

Detroit, MI
 $42 each way to/from St. Louis, MO

El Paso, TX
 $40 each way to/from Midland/Odessa, TX

Ft. Lauderdale/Hollywood, FL
 $94 each way to/from Manchester, NH

Harlingen/Rio Grande Valley, TX
 $38 each way to/from Houston, TX Hobby

Hartford, CT/Springfield, MA
 $34 each way to/from Baltimore Washington Int'l, MD
 $89 each way to/from Nashville, TN

Houston, TX Bush Intercontinental
 $61 each way to/from Amarillo, TX
 $56 each way to/from Tulsa, OK

Houston, TX Hobby
 $61 each way to/from Amarillo, TX
 $38 each way to/from Harlingen/Rio Grande Valley, TX
 $42 each way to/from Jackson, MS
 $56 each way to/from Tulsa, OK

Indianapolis, IN
 $56 each way to/from Omaha, NE
 $94 each way to/from Tampa Bay, FL

Jackson, MS
 $89 each way to/from Dallas, TX Love Field
 $42 each way to/from Houston, TX Hobby

Jacksonville, FL
 $94 each way to/from Buffalo, NY

Kansas City, MO
 $94 each way to/from Las Vegas, NV

Las Vegas, NV
 $94 each way to/from Kansas City, MO
 $39 each way to/from San Diego, CA
 $35 each way to/from Tucson, AZ

Little Rock, AR
 $59 each way to/from Austin, TX

Long Island/Islip, NY
 $42 each way to/from Cleveland, OH

Los Angeles, CA
 $37 each way to/from Oakland, CA
 $49 each way to/from Salt Lake City, UT

Louisville, KY
 $89 each way to/from Orlando, FL

Lubbock, TX
 $44 each way to/from Austin, TX

Manchester, NH
 $94 each way to/from Ft. Lauderdale/Hollywood, FL

Midland/Odessa, TX
 $40 each way to/from El Paso, TX

Nashville, TN
 $37 each way to/from Cleveland, OH
 $89 each way to/from Hartford, CT/Springfield, MA

New Orleans, LA
 $58 each way to/from San Antonio, TX
 $45 each way to/from Tampa Bay, FL

Oakland, CA
 $37 each way to/from Los Angeles, CA
 $41 each way to/from San Diego, CA

Oklahoma City, OK
 $40 each way to/from St. Louis, MO

Omaha, NE
 $56 each way to/from Indianapolis, IN

Ontario, CA
 $34 each way to/from Phoenix, AZ
 $45 each way to/from Reno/Tahoe, NV

Orlando, FL
 $89 each way to/from Louisville, KY
 $43 each way to/from Raleigh-Durham, NC

Phoenix, AZ
 $34 each way to/from Ontario, CA
 $94 each way to/from Seattle/Tacoma, WA

Portland, OR
 $94 each way to/from Albuquerque, NM

Providence, RI
 $94 each way to/from West Palm Beach, FL

Raleigh-Durham, NC
 $43 each way to/from Orlando, FL

Reno/Tahoe, NV
 $45 each way to/from Ontario, CA
 $52 each way to/from Spokane, WA

Sacramento, CA
 $94 each way to/from Boise, ID
 $37 each way to/from Burbank, CA

Salt Lake City, UT
 $49 each way to/from Los Angeles, CA

San Antonio, TX
 $40 each way to/from Corpus Christi, TX
 $58 each way to/from New Orleans, LA

San Diego, CA
 $39 each way to/from Las Vegas, NV
 $41 each way to/from Oakland, CA

San Jose, CA
 $37 each way to/from Burbank, CA
 $89 each way to/from Spokane, WA

Seattle/Tacoma, WA
 $94 each way to/from Phoenix, AZ

Spokane, WA
 $52 each way to/from Reno/Tahoe, NV
 $89 each way to/from San Jose, CA

St. Louis, MO
 $53 each way to/from Birmingham, AL
 $42 each way to/from Detroit, MI
 $40 each way to/from Oklahoma City, OK

Tampa Bay, FL
 $94 each way to/from Indianapolis, IN
 $45 each way to/from New Orleans, LA

Tucson, AZ
 $35 each way to/from Las Vegas, NV

Tulsa, OK
 $56 each way to/from Houston, TX Bush Intercontinental
 $56 each way to/from Houston, TX Hobby

West Palm Beach, FL
 $94 each way to/from Providence, RI

The following restrictions will apply:

*Available only at southwest.com
*21-day advance purchase
*Fares are nonrefundable
*Travel May 22, 2001 through September 10, 2001,
 except for May 25 and 28, 2001
*Purchase beginning May 1, 2001 through
 May 3, 2001, midnight Pacific Time

Fares do not include a federal excise tax of $2.75
that will be imposed on each flight segment of your
itinerary. A flight segment is defined as a takeoff and
a landing. The fares listed do not include airport-assessed
passenger facility charges (PFCs) of up to $18 roundtrip.

Please visit our Reservations section to reserve this
week's Click 'n Save Specials at
http://www.southwest.com/

*Scroll down to the Additional Information section for
more details or visit:
http://www.southwest.com/jp/hotfares.shtml?src=cns0501

******** This is the Additional Information section********
Additional Information You Need to Know About All
of Our Sales:

*Changes to any portion of the reservation
 (flight, dates, cities, and/or names of passengers),
 once purchased, will result in the cancellation of
 the ENTIRE reservation and rebooking at the lowest
 fare available which could result in a fare increase.

*Southwest specials are nonchangeable
 and nonrefundable.
*Ticketless Travel Online may only be purchased with
 a credit card. Customers holding funds from
 a previously unused trip on Southwest Airlines or Customers
 who have Southwest Airlines vouchers will not be able to use
 those forms of payment for Ticketless Travel Online.
*Unused funds may be applied toward future travel on
 Southwest Airlines within one year of the original purchase date.

*Seats are limited and won't be available on some
 flights that operate during very busy travel times
 and holiday periods, such as Memorial weekend
 and Independence Day.

*Standby travel requires an upgrade to the
 full unrestricted fare.

****** Southwest Airlines Discount Fare Specials *******
III. Travel on any Tuesday, Wednesday, or Saturday
 from $39 to $99 Each Way

*Check the Discount Fares column on southwest.com
*Travel on any Monday, Thursday, Friday, or Sunday
 from $46 to $119 Each Way.
*7-day advance purchase.
*Travel April 24, 2001 through September 10, 2001.
*Roundtrip purchase required. One night stayover required.
*Fares are nonrefundable and may only be combined
 with other nonrefundable fares.
*Fares shown are each way and do not include
federal excise tax of $2.75 for each flight segment
(a segment is defined as a takeoff and landing)
*Fares do not include airport-assessed passenger
 facility charges (PFC) of up to $18 roundtrip.

For additional information, please visit us at:
http://www.southwest.com/hotfares/gen_market_0401.html

****************** Subscriber Information *******************
IV. Please pass this great news on to your friends!
To subscribe to Southwest Airlines
Click 'n Save E-mail Updates,
visit http://www.southwest.com/email/

Remember, if you change your Internet service provider,
you will need to unsubscribe and re-subscribe in order
to continue receiving Click 'n Save email updates.
Please visit our subscription page at:
http://www.southwest.com/email/
****************************************************************
This is a post only mailing from Southwest Airlines.
Please do not attempt to respond to this message.

Copyright 2001 Southwest Airlines Co. All Rights Reserved.

---
You are currently subscribed to special-offers as: mark.guzman@enron.com
You can unsubscribe anytime at http://www.southwest.com/email/