BUSINESS HIGHLIGHTS

Enron Industrial Markets
Enron Industrial Markets announced the signing of definitive agreements with
Huntco, Inc. under which over a 15-year period Enron will provide inventory
price risk management services and will eventually provide more than 600,000
tons per year of hot-rolled, cold-rolled and galvanized steel products to
Huntco Steel.  The agreements provide Enron access to Huntco,s network of
steel distribution centers nationwide.  The agreements also provide for Enron,
s acquisition of Huntco,s cold rolling and certain coil pickling operations
in Blytheville, Arkansas.

These transactions with Huntco have the potential to fundamentally change the
way steel is bought and sold in the United States.  It gives Enron immediate
access to physical steel and positions Enron geographically to serve the
steel industry in a variety of ways.  In addition to providing physical
products on both a spot and term basis, EIM,s goals for the steel industry
include developing commodity risk management products, providing structured
finance products and establishing the market-making capabilities that Enron
has brought to the natural gas, power and other commodity markets.

Enron North America-Upstream Products
Upstream Products has partnered with Duke Energy Field Services (DEFS) to
close a 20-year NGL exchange and transportation deal with Formosa
Hydrocarbons and Williams Energy Field Services to handle raw make product
from the Williams Markham plant. Formosa Hydrocarbons is building a 40,000
BPD fractionator to handle this and other Gulf Coast NGL production.  The
accompanying pipeline will be known as the Seabreeze pipeline system and will
be constructed by DEFS. Texas Brine LLC will provide NGL storage services for
Formosa Hydrocarbons on this system. Primary production for this system is
coming from the Boomvang Nansen field in the deepwater GOM and will be the
first deepwater GOM production to come onshore in Texas.
Upstream Products has also worked to arrange a 20-year transportation lease
agreement on the Dean Pipeline (owned by TEPPCO) for refinery grade propylene
service to be utilized by Formosa Plastics. Coupled with this transaction,
Enron Clean Fuels has entered into a propylene storage agreement with Formosa
Plastics to utilize ECF,s Mt. Belvieu storage facilities.  In addition, Enron
Global Markets has been able to amend its current transportation agreement
with TEPPCO to prematurely terminate a take-or-pay obligation and realize
additional transportation revenues from interim NGL production coming from
the Williams Markham to be delivered to Mt. Belvieu.
Upon close, Upstream Products was monetized out of its initial position by
DEFS and retained a risk-free net profits position on the Seabreeze Pipeline
going forward for an additional 20,000-40,000 BPD of excess capacity on the
system.
ENA West Power
Southwest Power, an ENA affiliate, signed a 222MW 15-year tolling agreement
with Allegheny Energy Supply for all of the output of Southwest's Las Vegas
expansion project, scheduled for completion in September, 2002.  With the
tolling agreement done and construction underway, the project will now be
marketed to qualified generators.

IN THE NEWS

&To truly understand Enron,s Jeffrey Skilling ) the hypersmart,
hyperconfident chief executive of what may now be the largest energy trading
company on the planet ) head to your local video store and check out that
classic American cinema, Wayne,s World.  At 15, Skilling helped launch a
no-budget television station in Aurora, Illinois ) the very thing that Mike
Myers and Dana Carvey so famously spoofed on Saturday Night Live and in two
movies.  The TV skit even begins with a sketch of a teenage cameraman, the
role of the real-life Skilling.8 )-- Randall Lane, Worth Magazine. May 2001.

Calgary, Alberta -- Enron Canada has settled its lawsuit with NGX, Canadian
Enerdata, OM Gruppen and Richard Zarzeczny, regarding the compilation and
methodology for calculating the Alberta natural gas price indices published
by the Canadian Gas Price Reporter.  By the terms of the settlement there
will be a joint press release issued regarding the settlement, which is to be
the only public communication regarding the matter unless agreed to by all
parties. Otherwise the settlement is confidential to the parties.
Accordingly, there is to be no formal or informal discussion with media,
colleagues, competitors, counterparties or otherwise.

WELCOME
New Hires
EGM  - Salil Pradhan, Randy O,Conner, Ricardo Charvel, Greg Fields, Ken
Newman, John Ashman, Rick Cantrell, Tim Klaiber, Trevor Woods,
EIM   - Tim Asterman, Maxine Leclaire, Jerry Newton, Philip Siewert, Janamon
Johnson, Darralyn Briskey, Theodore Rogers,
ENA  - Rae Meadows, Tiffany Winship, Adrianne Engler, Kimberly Yates, Jackie
Verity,

Transfers (to or within)
ENA )Christa Winfrey, Mario Alonso, Paul Rizo-Patron, Nick Ploitis, Misti
Day, Robert Cothran, Susan Wilson, Diane Cutsforth, David Owen
EGM ) Mark Friedman, John Groves, Deirdre McCaffrey, William Windle

EnronOnline Statistics

Below are the latest figures for EnronOnline as of May 9, 2001.

* Total Life to Date Transactions > 963,575
* Life to Date Notional Value of Transactions > $579 billion

NUGGETS & NOTES

Reminder:  Brown Bag Lunch, Thursday, May 17 at 11:30 AM in 5 C2. The speaker
is Michael L. Miller discussing Principal Investments.

&Historically, Newsprint has been sold under strong relationships as a highly
differentiated, branded product to &very discriminating8 buyers at newspaper
publishers. EIM believed differently.  By the end of March, EIM had succeeded
in closing on its 2nd Newsprint mill, making it the 7th largest Newsprint
manufacturer in North America.  Remarkably, in just 2 months, EIM,s Newsprint
team has succeeded in closing $100MM total notional value &Enron commodity
style8 fixed price contracts with terms of 1 to 5 years(..and they said it
wasn,t a commodity.8
Rodney Malcolm ) Vice President, Forest Products Sales and Marketing

Travel Tip of the Week:  Book flights 7 days in advance.  The cost savings
can be considerable if you plan ahead ) at least 7 days.
 For example:  Houston to Portland
       Less than 7 days:  $ 1,652
       7 day advance ticketing $    324

Congratulations to Kimberly and Eric Thode, director of ENA Public
Relations.  They are the proud parents of Whitney Marie, born on May 3.  She
weighed 8 lbs. 8 oz.

Congratulations to proud parents Nettelton and Louise Kitchen, COO, Enron
Americas. Their son, Scott William, was born on May 9 and weighed 9 lbs.1 oz.

NEWS FROM THE GLOBAL FLASH

Enron closes major coal deal in Germany
After almost six months of negotiations, Enron's coal team has signed a
contract with Stadtwerke Bremen to supply this major German municipality with
coal until 2006. Under the deal structure, Enron will deliver a total of 4.6
million tonnes of coal - equivalent to an overall contract volume of almost
$200 million  (DM 440 million).

The agreement represents Enron's first significant long-term coal supply deal
in Germany. The annual contractual volume amounts to around 3% of total
German coal imports and provides us with continuous volume flow in Northern
Germany, enabling us to grow our position in the market.

Parallel to this deal, Enron also entered into a separate agreement with HMS
Bergbau Agentur, a company specialising in Polish exports. Under this
agreement, HMS will be the handling agent and a potential supplier of Polish
coal to us over the lifetime of the contract.

Congratulations to the whole team involved: Sven Becker, Manfred Ungethum,
Cornelia Luptowitsch, Peter Bradley, Jez Peters and Michael Schuh.

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.


(See attached file: rigs012502.pdf)

_____________________________________________________________________________________________________________________________________

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_____________________________________________________________________________________________________________________________________

 - rigs012502.pdf


**************************
  New AvantGo User Survey
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Hello huntshiv,
We were hoping that you could take a few minutes to fill out
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Click here to fill out the survey:http://kc-tr.avantgo.com/kc1231906901.1150.0.1110 And, don't worry, the information you supply is confidential
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If you prefer not to participate in AvantGo surveys in the
future, please reply to this message with "remove" or
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Copyright (c) 2001 AvantGo, Inc. All rights reserved.
[IMAGE]


With the implementation of SAP, the employee expense report form has been
modified to reflect the new coding system.  The procedures for its use are
unchanged, but there are some cosmetic differences.  One item to note: the
form no longer requires entry of your Social Security Number; instead use
your new personnel number assigned through Human Resources (see
http://hrweb.enron.com).  For electronically submitted expense reports, enter
the same number on the receipt envelope.

The form is now available at the SAP website.  To access the form:

 From the Enron home page, go to the SAP intranet site http://sap.enron.com
 Choose one of the following paths:
 Click on Quick Reference Tools on the left menu
  Click drop-down arrow for Accounts Payable Forms
  Click SAP Expense Report Form

  Click on Forms and Procedures Library on the left menu
  Click drop-down arrow for Accounts Payable Forms
  Click SAP Expense Report Form
 Wait for it to load
 Click Enable Macros (or Yes, allow macros)

After you enter the data, save as Excel Workbook (.xls file extension) with a
new filename.  Do not save as Excel Template (.xlt extension).

You may print the spreadsheet for submission to Accounts Payable, or attach
it to Notes for electronic submission.  Instructions are available at the
website, on the same drop down box as the form.

If you have any questions, contact the Center of Expertise (COE) at 713
345-7427.


Can you check this deal.  We don't have transmission with PG&E.


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Hi,
Please see the attached document with the correct date that corresponds with the meeting request. In addition, the Canadian and Portland users are also included. The Bridgeline (800-711-8000 CODE 3454709) will be open during this time for us discuss and resolve issues.
Thanks

Hi,
Attached is schedule for NETCO testing for Friday afternoon. The objectives for tomorrow will be to:

1. Test logins for NETCO users and drive mappings
2. Execute a subset of the Gas and Power scenarios to test that all platform components are setup.

The complete set of scenarios will be tested next week. We appreciate your support as we work towards setting up the NETCO platform which has a number of moving parts that are coming together.
Thanks
Aftab


Bob,

He is now in town (he arrived on Monday).  Please call and leave him a
voicemail.  We will meet with you.
Mike

Bob Nimocks <BNimocks@ZeusDevelopment.com> on 04/25/2001 09:16:30 AM
To: "Mike McConnell (E-mail)" <Mike.Mcconnell@enron.com>,
"'Cathy.Phillips@Enron.com'" <Cathy.Phillips@Enron.com>
cc:
Subject: Introduction to Eric Gonzales

Mike,
In the interest of time, I'd like to call Eric Gonzales directly.  Please,
would you make an introduction.  My company description is below.  We've
covered the LNG industry for over ten years and have some ideas that fit with
Enron's trading strategy.
Thanks,
Bob Nimocks
www.zeusdevelopment.com
Founded in 1991, Houston-based Zeus Development Corporation is a research
consultancy and central information clearinghouse for business-related
research, news and information concerning two subjects: natural gas
development and information technology in energy.
Zeus publishes websites and periodicals (newsletters, magazines and annual
reports), provides strategic research services through multi-client and
single-client consulting engagements, and conducts workshops, conferences and
trade exhibits.
Specific areas of coverage in the natural gas development industry include
liquefied natural gas (LNG); Fischer-Tropsch (FT) synthesis, methanol and
dimethyl ether (DME -- collectively GTL); international pipelines;
well-to-wire; ammonia; aluminum smelting; direct iron reduction (DRI);
desalination; fuel cells; and carbon black.
Areas of coverage for energy-industry information technology include
web-based systems for E&P companies; oilfield-service and equipment
suppliers; transportation and transmission companies; refiners, processors
and petrochemical manufacturers; electric power producers; energy services;
and wholesale and retail product, gas and electricity suppliers.

-----Original Message-----
From: Bob Nimocks
Sent: Monday, March 26, 2001 8:40 AM
To: Mike McConnell (E-mail)
Subject: FW: LNG's Role in North American & Caribbean Gas Supply

Mike,
Know you're extremely busy -- Suzanne tells me positions at rarified heights
are driven by the need for crisis intervention. Members of your LNG team tell
me that Eric Gonzales is coming to Houston to lead Western Hemispheric
activities.  Maybe the three of us could meet for breakfast somewhere close
to your offices.
Let me know a convenient time and date.
Bob

-----Original Message-----
From: Bob Nimocks
Sent: Tuesday, March 20, 2001 10:05 AM
To: Mike McConnell (E-mail)
Subject: LNG's Role in North American & Caribbean Gas Supply

Mike:
Understand LNG continues to be an enigma cloaked in a mystery for Enron.  We
are continuing to expand our coverage and knowledge base of this marketplace,
especially in the Western Hemisphere and would like to meet with you to
discuss our observations and learn more about Enron's desires in this arena.
Also, we have a meeting planned in D.C. in late June, entitled "LNG's Role in
North American & Caribbean Gas Supply."  With the U.S. hunger for gas and El
Paso, AEC and other's announcements of new projects, the meeting should be
constructive, especially with DOE and FERC involvement.  See summary below.
Let me know when you might be available to discuss the LNG marketplace.
We've just completed a white paper, entitled "Atlantic-Basin LNG: A Whirling
Supply/Demand Balance."  You may find our conclusions of interest.
Best regards,
Bob Nimocks
President
Zeus Development Corporation
www.zeusdevelopment.com
2424 Wilcrest Dr., Suite 250
Houston, TX 77042
Direct: 713-952-9529
Main: 888-GR8-DATA (478-3282)
e-mail: bnimocks@zeusdevelopment.com

***********************************
TITLE:  LNG's Role in North American & Caribbean Gas Supply
DATE/LOCATION:  Washington D.C., June 27-29
SUMMARY:  The winter of 2000/2001 confirmed the shift in the United States
from a buyer's to a seller's market. Gas supplies for North America ran short
as demand rose from colder weather, higher electricity demand and shortages
in storage from the previous year.  More and more supply is shifting from the
U.S. Gulf Coast to Western Canada as offshore exploration in the Gulf of
Mexico has proven disappointing.  U.S. demand for power generation is
expected to keep gas demand high through the summer of 2001, siphoning off
gas that would have been destined for storage.
Meanwhile during the long gas bubble of the 1980s, drilling rigs and
experienced field personnel dwindled from thousands to several hundred.  The
current rig count for North American gas exploration and production is near
full capacity at just over 600 rigs, so the industry is constrained on how
quickly it can recover.
The U.S. has not experienced shortages of natural gas like this since the
1970s and early 1980s when it was feared that the nation would run out of gas
in 10 years.  Four LNG import terminals were built to supply natural gas from
North Africa (Algeria).  These terminals are capable of supplying up to 5% of
total U.S. gas consumption (about one trillion cubic feet per year).  Plans
are underway to have all four terminals fully operational by the end of 2002;
however, more are needed.
Conventional wisdom is that no new terminals would be built in the United
States due to EPA laws and local citizen protests to any facility perceived
to be unsightly or dangerous.  Now, El Paso (a company that was burned by
Congress in the 1980s by the ruling that take-or-pay LNG contracts with
Algeria were invalid) is challenging conventional wisdom. They have announced
plans for six new terminals to be built in North America: three in the United
States and three in Mexico.    New LNG plants in Venezuela, Algeria and
Northern Australia might supply these terminals.
Other companies, such as Enron and AEC, have announced plans to build
terminals in the Caribbean to supply gas to independent power production
(IPP) plants ranging from 400 to 1000 megawatts.  Moreover, LNG facilities on
Caribbean Islands close to Florida might export gas or electricity via
undersea pipeline and cable.  Floating offshore LNG terminals may also offer
a means to bring LNG into the United States with less environmental and
community concern.
The June 27-29 conference, entitled "LNG's Role in North American & Caribbean
Gas Supply," will cover the dynamics that are leading to North American gas
supply shortages, how long they are expected to last, and what source of
natural gas are available from conventional sources to meet demand.  The
conference will then focus on opportunities for LNG, including the capacities
and timing of current terminals, the prospects for new mainland and offshore
terminals, and the opportunity for broader terminal networks in the
Caribbean, including those facilities that might supply gas or electricity to
the United States.
* * *


Here are my contact numbers if anyone needs to reach me on Thursday or Friday.  The wedding is Friday afternoon so I will not be reachable until late evening on Friday.

Wednesday night, Thursday early morning and Saturday evening.
Shilo Hotel
Salt Lake City
Telephone: 801-521-9500
Fax: 801-359-6527

Thursday late afternoon and Friday
Super 8 Motel
Provo
Telephone: 801-375-8766
Fax: 801-377-7569

I will also be taking my cell phone:  832 368 3286

Brent Hendry
Senior Counsel
Enron North America
1400 Smith Street
Houston TX 77002
Phone  713 853 7124
Fax  713 646 3490


We are still waiting to hear from you about the confirm.  Please call or
e-mail.  SS


Gentlemen:

Attached is a draft of the facility agreement, without reference to WestLB.
It just came in, so I haven't reviewed it.

It looks like 330 tomorrow will work for this group, unless you tell me
otherwise.  I'll get back to you with the location.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/01/2000 03:04
PM ---------------------------

"Cope, Lori" <loricope@akllp.com> on 11/01/2000 03:00:50 PM
To: "Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:

Subject: GE Contract

Enclosed please find clean and blacklined versions of the GE Contract.
The blackline of the Agreement identifies the changes from the draft I
sent you. Note that no blackline of the Exhibits was necessary because
it contained no references to WestLB.
Regards,
Paul

 <<HOU_554886_3.DOC>>  <<BL554888.DOC>>  <<HOU_554888_4.DOC>>
Paul J. Pipitone
Andrews & Kurth L.L.P.
4200 Chase Tower
600 Travis
Houston, Texas  77002
Phone: 713-220-4101
Fax:  713-238-7176
ppipitone@andrews-kurth.com

The information contained in this e-mail message is legally privileged
and confidential information intended only for the use of the
recipient(s) named above.  If the reader of this e-mail is not an
intended recipient, you have received this e-mail in error and any
review, dissemination, distribution or copying is strictly prohibited.
If you have received this e-mail in error,  please notify the sender
immediately by return e-mail and permanently delete the copy you
received.

Thank you.

 - HOU_554886_3.DOC
 - BL554888.DOC
 - HOU_554888_4.DOC


Sara, I will send you the rest of the documentation (still in draft and being
negotiated) so you know the context.
Thanks so much.
Jane

	John Suttle@ECT
	2000/11/28 08:32

		 To: Jane McBride/AP/Enron@ENRON
		 cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
		 Subject: Re: credit for Nippon Chemi-con

Sara -

Can you please help Jane in putting credit language into the confirmation of
a Japanese deal?  I have provided a worksheet with credit provisions that
would normally go into a master or an omnibus confirmation.  In this case, it
will be an omnibus.

Please let me know if I can do anything from here.

John

Jane McBride@ENRON
11/27/2000 05:11 PM
To: John Suttle/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT
Subject: Re: credit for Nippon Chemi-con

Hi John,

Thanks for this, just wondering though, how do you usually get from this sort
of table to the actual provisions to include in the contract.  Alan, Mark, is
there any easy way to do this?

Thanks.

Jane

	John Suttle@ECT
	2000/11/28 07:05

		 To: Morten E Pettersen/AP/Enron@Enron
		 cc: Jane McBride/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: credit for Nippon Chemi-con

Morten Erik -

I recommend the credit terms provided in the attached document to be included
in the Nippon Chemi-con contract.  These are industry standard terms for a
counterparty with credentials such as Nippon-Chemi-con, and these industry
standards are what will enable Enron to syndicate the credit risk if we
decide to do so in the future.

After my discussion with Jonathan last week, I think it is clear that Credit
is on the same page with your team in that we recognize the importance of
getting this first deal booked.  I think that in proposing the terms of your
transaction to the counterparty though, Enron can begin educating the market
as to the nature of the credit risk imbedded in the deal structure, and in
doing so, begin setting the same standards we have in our other portfolios.
The attached credit terms are not set in stone, but I think they are a good
place to start.  I will make myself available to you and the counterparty to
discuss the credit terms, and we will be very willing to negotiate the terms
in good faith.

My point is simply that we should not enter into any of these transactions
without fully discussing the credit implications with the counterparty.

Please feel free to call me or write if you have any questions or concerns.

John
x30906


Energy Insight News for Wednesday, January 9, 2002
New year offers a host of new energy situations

A year ago, energy industry investors were looking for one thing: growth.
They weren't interested in that old-line, vertically integrated
utility-phooey on that good ol' dependable 4% to 5% dividend yield-investors
wanted growth, and flash, with visions of greenbacks dancing in their heads.

One year ago, natural gas prices were not far off their double-digits highs,
California's deregulation debacle was going strong and blackouts were
predicted to be commonplace on the West Coast, possibly New York City,
possibly other places.

The Federal Energy Regulatory Commission, which was transformed from an
acronym nobody knew to a commission where an unannounced cough would cause
industry shudders, soon (in the early part of 2001) had a new leader in Curt
Hebert, a Mississippian with a stubborn streak tilted toward the mantra that
market solutions rule.

But faster than you could say "Enron," the West Coast debacle eased,
companies vilified for allegedly pilfering the West were finding it hard to
impress Wall Street and the entire industry learned a very valuable lesson:
Even the highest of the high flyers can experience turbulence, even go into
a tailspin, when the gas runs out of the economy, when playing in the gray
area of the rules is discovered and gobbledygook-wrapped financials don't
sit well with critical investors.

For the year, utilities as a whole were one of the slumping economy's bright
spots. According to Standard & Poor's, a division of The McGraw-Hill Cos.
Inc. and a sister company to Platts, the sector reported earnings advances
in the 9% range.

But that was then, this is now. What about 2002-is it more of the same? More
heartaches in terms of adapting to deregulation, cyclical pricing or
capacity overbuilding/underbuilding? Read the entire story at
http://www.energyinsight.com.
Also, catch the latest news headlines on Energy Insight Executive, updated
twice daily.
///////////////////////////////////////////////
Market Brief    Tuesday, January 8
Stocks  Close   Change  % Change
DJIA    10,150.55       (46.5)  -0.46%
DJ 15 Util.     292.25  (4.0)   -1.36%
NASDAQ  2,055.73        18.62   0.91%
S&P 500 1,160.70        (4.2)   -0.36%

Market Vols     Close   Change  % Change
AMEX (000)      134,674 (6,359.0)       -4.51%
NASDAQ (000)    1,862,541       (248,903.0)     -11.79%
NYSE (000)      1,242,380       (62,857.0)      -4.82%

Commodities     Close   Change  % Change
Crude Oil (Feb) 21.25   (0.17)  -0.79%
Heating Oil (Feb)       0.5695  (0.001) -0.18%
Nat. Gas (Henry)        2.3     0.030   1.32%
Propane (Feb)   30.25   0.00    0.00%
Palo Verde (Feb)        24.75   0.00    0.00%
COB (Feb)       24.75   0.00    0.00%
PJM (Feb)       27.55   0.00    0.00%

Dollar US $     Close   Change  % Change
Australia $     1.908   (0.020) -1.04%
Canada $        1.59    (0.004) -0.25%
Germany Dmark   2.19    0.004   0.18%
Euro    0.8919  (0.001) -0.17%
Japan ?en     132.8   1.800   1.37%
Mexico NP       9.18    0.030   0.33%
UK Pound        0.6949  (0.0002)        -0.03%

Foreign Indices Close   Change  % Change
Arg MerVal      343.22  0.00    0.00%
Austr All Ord.  3,364.20        (21.10) -0.62%
Braz Bovespa    14167.58        (211.01)        -1.47%
Can TSE 300     7782.00 (88.30) -1.12%
Germany DAX     5236.37 4.15    0.08%
HK HangSeng     11713.71        (178.93)        -1.50%
Japan Nikkei 225        10695.6 (246.76)        -2.26%
Mexico IPC      6641.14 75.70   1.15%
UK FTSE 100     5,250.40        (43.20) -0.82%

Source:  Yahoo!, TradingDay.com and NYMEX.com
//////////////////////////////////////////////
Executive News
PNM terminates merger with Western Resources
Albuquerque, N.M.-based PNM Resources announced Tuesday its board had
officially killed the proposed deal to buy Western Resources' electric
utility subsidiaries. The deal, originally valued at over $4 billion, had
been in trouble for months, and each side sued the other in state court in
New York. PNM said the merger could be terminated after Dec. 31 under the
terms of the deal, if there had not been satisfactory progress made towards
completing the transaction. But Western has disputed that PNM had grounds to
back out of the deal. PNM sued Western in October seeking to get out of the
deal alleging breach of contract, in part because of adverse rulings from
the Kansas Corporation Commission (KCC) on rates and a Western restructuring
plan considered vital to the transaction.

Western fired back with its own lawsuit a month later, seeking at least $650
million in damages against PNM for alleged extortion, breach of contract,
sabotage and improper interference in the KCC proceedings. Neither case has
been decided, although PNM has asked the court to either dismiss Western's
case or delay action on it until after it has decided PNM's initial suit.
Western also has appealed the KCC order blocking a planned restructuring in
preparation for the PNM transaction to a Kansas district court. Western
fired back with its own lawsuit a month later, seeking at least $650 million
in damages against PNM for alleged extortion, breach of contract, sabotage
and improper interference in the KCC proceedings. Neither case has been
decided, although PNM has asked the court to either dismiss Western's case
or delay action on it until after it has decided PNM's initial suit. Western
also has appealed the KCC order blocking a planned restructuring in
preparation for the PNM transaction to a Kansas district court.

Nine states will sue if pollution controls are weakened
The attorneys general of nine northeastern U.S. states said Tuesday they
would sue to block new federal regulations should they weaken pollution
controls at power plants. The Bush administration is considering changes to
so-called "new source review" regulations that "verge on the wholesale
weakening of the Clean Air Act," N.Y. Attorney General Eliot Spitzer told a
press briefing. Although the attorneys general focused on the adverse impact
on air quality caused by emissions from coal-burning power plants in the
Midwest, changes in the NSR program would also affect oil refineries. The
attorneys general said they would consider challenging the administrative
process that led to the new regulations which provided industry "unfettered
access," Spitzer said, but denied access to the states.

The Bush administration would also be violating federal statutes "by
changing the rules in the middle of the game," Connecticut Attorney General
Richard Blumenthal said. The new source review program requires industrial
facilities to install new pollution control equipment when they upgrade
their operations. The Environmental Protection Agency, under the Clinton
administration, filed suit that was joined by several states, alleging that
a number of utilities upgraded their plants under the guise of doing routine
maintenance to avoid the NSR requirements. The EPA also initiated vigorous
enforcement of the NSR program against refiners, which led to a number of
multi-million dollar settlements of NSR violations. The refinery and utility
industry are lobbying for changes to the program.

To subscribe to our Executive News Service, which is updated twice daily,
log on to http://www.energyinsight.com, or contact Platt's Direct Response
Team at 1-800-424-2908 (if outside the United States call 1-720-548-5700).
///////////////////////////////////////////////


Lets go NOW!!

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 01:28 PM -----

	Sherri Sera
	02/15/2001 11:48 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Maureen McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON
		 Subject: Re: Legal/Political Time-bomb Ticking

Steve, I thought you should probably see this, too.  Any idea what this guy
is rambling about?  SRS

	From:  Joannie Williamson                           02/15/2001 11:10 AM

To: Rex Rogers/Corp/Enron, Sherri Sera/Corp/Enron@ENRON
cc:

Subject: Legal/Political Time-bomb Ticking

I'm still trying to sift thru this, but I thought you should read.

Joannie
---------------------- Forwarded by Joannie Williamson/Corp/Enron on
02/15/2001 11:07 AM ---------------------------

Will Griffin <griffgrp@bellsouth.net> on 02/15/2001 10:52:22 AM
To: joannie.williamson@enron.com
cc: investor-relations@enron.com, corpcomm@hughes.com, diana.ball@hsc.com,
parkem@hhmi.org, brickhil@hhmi.org, stumpfs@hhmi.org, mullinsr@hhmi.org,
james.doty@bakerbotts.com, bruce.kiely@bakerbotts.com,
walter.smith@bakerbotts.com, tolson@gibsondunn.com, whowell@gibsondunn.com

Subject: Legal/Political Time-bomb Ticking

Dear Ms. Williamson:

    Per an autoresponder from Yorleni Mendez, I am forwarding to you
what I sent to Enron & others a couple of days ago, which was in
supplement to what I sent on Feb. 6th.  Time is of the essence and not
on your side.  Nor are the facts & the law on your side.  Therefore, you
need to find a way to get us to be on your side.

    Due to the urgency and foreseeable and announced forthcoming event
horizons, I believe you may wish to provide copies of the attached to
the proper persons at Enron for their immediate attention.  Please let
them know that if I have to continue to give information & documents to
the U.S. Senate and the proper others, that I will do so and then also
show that the failure of Hughes interests/companies to take remedial
measures was indeed blatant refusal.  We have already logged where
Hughes companies/interests have been to
http://willgriffin.com/hughes.htm thus you might as well continue to
visit there and see where we have posted changes and new information.
The knowledge of the Hughes companies/interests of these matters is now
clearly established.  We've already submitted some of our visitor logs
and other documents to the proper others, establishing the knowledge of
Hughes companies/interests to others.  This is something I am sure will
be most meaningful to the lawyers, along with a few other things I'm
sure which will get their attention..

    Also please have someone forward the attached to William Rice
Lummis, James A. Baker and others and advise them that surprises,
attention getters & wake-up calls are just around the corner.  They need
to contact us soon, before it becomes improper to discuss how a
reasonable (fanny & facing-saving) resolve for Hughes
interests/companies may be achieved.

Will Griffin
http://willgriffin.com/hughes.htm

X-Mozilla-Status2: 00000000
Message-ID: <3A8970D3.C2FBB441@bellsouth.net>
Date: Tue, 13 Feb 2001 11:37:24 -0600
From: Will Griffin <griffgrp@bellsouth.net>
Organization: Griffin Group
X-Mailer: Mozilla 4.7 [en]C-bls40  (Win95; U)
X-Accept-Language: en
MIME-Version: 1.0
To: corpcomm@hughes.com, diana.ball@hsc.com,  investor-relations@enron.com,
parkem@hhmi.org,  brickhil@hhmi.org, stumpfs@hhmi.org, mullinsr@hhmi.org,
james.doty@bakerbotts.com, bruce.kiely@bakerbotts.com,
walter.smith@bakerbotts.com, tolson@gibsondunn.com,  whowell@gibsondunn.com
Subject: Advisory of Your Legal/Political Exposures Coming True
Content-Type: multipart/mixed; boundary="------------C4135F3BD40002931C95C2CA"

Dear Hughes Electronics, Enron, HHMI, and Hughes Lawyers, et. al:

    I am fully aware how many of the Hughes interests visited
http://willgriffin.com/hughes.htm after I sent you an e-mail on Feb. 6,
2001, advising you of your impending difficulties and exposures.

    I have made some changes to these Hughes related pages, including
posting my advisory to you to http://willgriffin.com/letterto.htm for
your convenience and reference, with active e-mail links to you and each
other.

    Also since I contacted you last week (the next day), Enron has been
in the news as being the biggest beneficiary of the California energy
woes, while also being the largest contributor, fund-raiser and general
benefactor to President George W. Bush.
http://www0.mercurycenter.com:80/premium/business/docs/enron07.htm
Another article goes even further showing the relationship of James
Addison Baker III to Enron and Hughes "Bush's Biggest Donors Gain From
High Prices in California Crunch"
http://www.villagevoice.com:80/issues/0106/ridgeway3.shtml

    You may wish to re-visit the updated
http://willgriffin.com/hughes.htm (refesh/reload the page to clear your
browser's cache of the previous copy) after reviewing the news articles
links about Enron provided above.  You should know and reasonably
foresee that you are not the only visitors to my Hughes pages.  You
should also know that I've had contact with the proper authorities and
this to include correspondences within this past week.  Then again, I'm
sure many in the pipeline of those who review this and my previous
advisory know this to be true, or to reasonably foresee the interest of
many others at a minimum.

    I believe you to foresee more to soon become public difficulties for
you and that the intensity will no doubt increase significantly.  You
should know that any political related problems will include Democrats
in volumes, but there exists quite a few Republicans who will disavow
and distance themselves from you.  The China-Hughes missile & satellite
technology transfers, that were cited in the Cox Committee report, and
the arming of Sadaam Hussein with Hughes technologies issues are about
to pop up their heads and see a longer shadow than the groundhog
recently did.  This, in addition to the recent articles about Enron,
current activities and forthcoming event horizons, is not good news for
Hughes interests.

    You just might want to ask William Rice Lummis and James A. Baker
III, et. al. how they intend to solicit the help of the guy who holds
the keys to resolve, who they've got a little miffed at them, because of
what was done to him in an ad hominem attempt.  Certainly, when it is
true that if he now does nothing and a profound correlation exists
between how bad things go for you and how good things go as a result for
him, then why should he help y'all?  It appears if you ask Mr. Baker
about the Matter of Hughes and how we hold the keys to an amiable
resolve, that he will stipulate that it will take some real "Politics of
Diplomacy" to persuade us to help you, but that this needs to be
urgently accomplished.

Will Griffin

 - griffgrp.vcf
 - griffgrp.vcf


"Mark Younger" <mdy@slater-consulting.com> writes to the NYISO_TECH_EXCHANGE
Discussion List:

Consistent with our discussion yesterday, the Generation Issues Focus Group
Meeting on 12/13 is cancelled.  At our last meeting we made significant
progress on the issues.  While there is more work to be done, the next
meeting of the focus group should be after the S&P working group meeting on
12/18.


I got fed up with Krugman . . . sent this out this am.

 -----Original Message-----
From: 	Kean, Steven J.
Sent:	Saturday, August 18, 2001 8:45 AM
To:	'tang@nytimes.com'; 'letters@nytimes.com'
Subject:	Reply to Paul Krugman's column (Enron Goes Overboard, August 17)

	Paul Krugman has made frequent negative references to Enron and its management in his New York Times column over the last twelve months.  I have refrained from responding until now.  Below (and in the attached in Word format) is a letter I hope you will print.  If you wish to contact me, you can call my office (713.621.6550) or page me (888.906.9761).  Thank you for your consideration.

Steven J. Kean
Executive Vice President and Chief of Staff
Enron Corp.

It's hard to tell what motivates Paul Krugman's frequent attacks on Enron ("Enron Goes Overboard" August 17).  His latest attack is no more than a string of misstatements and non-sequitors reminiscent of a schoolyard taunt.  He reveals, in depth, his ignorance of Enron, the people who work here, and the tragically botched California regulatory regime.  Perhaps he seeks merely to entertain.

	The broader goal of his personal attack appears to be to discredit the free market system - a system that entrusts people to make choices and enjoy the fruits of their labor, skill, intellect, and heart. He would apparently rely on a system of government controlled or sponsored monopolies to make choices for people.  We disagree, finding ourselves less trusting of the integrity and good faith of such institutions and their leaders.  Ironically, the example Krugman cites of "financialization" run amok (the electricity market in California) is the product of exactly his kind of system, with active government intervention at every step.  Indeed, the only winners in the entire California fiasco were the government owned utilities of Los Angeles, the Pacific Northwest, and British Columbia.  The disaster that squandered the wealth of California was born of regulation by the few, not by markets of the many.  So long as Krugman's elitist reasoning prevails, we are doomed to repeat such mistakes.

Steven J. Kean
Executive Vice President and Chief of Staff
Enron Corp.


FYI - Org. Chart.   Do you want me to have my asst. replicate for the West?
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 04/25/2001 03:56 PM ---------------------------

Tamara Jae Black
04/25/2001 02:39 PM
To:	Kevin M Presto/HOU/ECT@ECT
cc:
Subject:	Org Chart

Kevin,

Here is the Org Chart you wanted:

Thanks Tjae


Things are look up on the Sept/Oct. Spread I think I am going to add to my position. Cash going out week.

Chris


According to my research, this project (which involves construction by TW of
a lateral consisting of about 40 miles of at least 16" pipe to provide
service to a power plant) would require a 7(c) certificate.  Do you concur?
Any comments?
---------------------- Forwarded by Susan Scott/ET&S/Enron on 07/21/2000
04:12 PM ---------------------------

Jeffery Fawcett
07/21/2000 12:36 PM
To: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Julia
White/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Terry Galassini/ET&S/Enron@ENRON, Ronald
Matthews/ET&S/Enron@ENRON, Earl Chanley/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Darrell Schoolcraft/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Alicia Goodrow/Corp/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON
cc: Lorraine M. Lindberg, Christine Stokes/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron

Subject: Caithness Big Sandy LLC

TW and Caithness met in Denver this week for the first face-to-face meeting
between the parties.  The purpose of the meeting was to review the status of
the Caithness Big Sandy Project and to establish the next steps for moving
the project forward.

Caithness Corporation
Caithness Corp. is a privately held company based in New York with a variety
of business interests.  The company is essentially a financial vehicle for
private investors.  Their energy segment currently owns 1,200 MW of
generation through renewable assets in California (geothermal at Coso, wind
in Tehachapi and Palm Springs) and a gas fired plant in South Carolina
jointly-owned by Florida Power & Light.

Big Sandy Project
The Big Sandy Project is a proposed power plant to be located near Wickieup,
Arizona.  The project would be built in two phases- first phase would be 550
MW, with a gas load of approx. 80,000 MMBtu/d, and phase 2 would add another
170 MW for a total of 720 MW with a gas load of 120,000 MMBtu/d.

The proposed location of the plant is approximately 40 miles south of
Transwestern's pipeline.  The take-off point on Transwestern would be at/near
valve station #1008, approximately 15 miles downstream of compressor Station
#1.  The current estimate includes an alignment that follows Arizona state
highway 93 south to a location 2 miles southeast of Wickieup in the S/W 4 of
Section 5, T15N, R12W, Mohave County, Arizona.  There is a 500 KV
transmission line owned by WAPA that crosses the property.  This line is one
of the principal electric transmission systems in the Southwest and extends
from the Phoenix area to the Mead substation near Boulder City, NV.  I've
included a WAPA map below which indicates this line.  Also, on the site is a
water pipeline owned by the Cyprus Amax Bagdad mine.  Water for the plant
will come from an encapusulated water table through deep wells.  They have
currently dug the first two test wells, each capable of 500 cfm.  The power
plant will require approximately 3,500 cfm of water.  In addition to the
wells, the plant has several thousand-acre feet of water rights to surface
water from the Big Sandy River.  The project may also purchase water from the
Cyprus Bagdad water pipeline.

The chief geological feature of this area is the Big Sandy River and
associated wash.  The highway 93 roadbed follows along the river.  The area
includes rolling hills and is principally desert terrain, with some limited
agricultural and ranching interests.  Wickieup is a very small town with an
estimated population of 200.

Project Schedule
Gas Turbine(s) ordered Westinghouse-Seimens  May 2000
Submit Environmental Impact Statement (EIS)  August 2000
Arrange financing     December 2000
EIS approval      March 2001
Construction begins     April 2001
Testing begins      July 2002
Commercial Operation     November 2002

There are two lead agencies for purposes of the project's EIS- the Bureau of
Land Management (BLM Kingman office) and the Western Area Power
Administration (WAPA).  There is only one endangered/threatened species known
to be present in the area.

Lateral Pipeline Alignment
The most critical path item is the alignment of the lateral pipeline.  The
alignment (lateral pipeline route) must be included in the EIS to be filed
next month.  Caithness has spoken preliminarily with the Arizona Department
of Transportation (ADOT) and the agency is amenable to granting an easement
for the pipeline.  The problem appears to be in the limited amount of right
of way available.  Measured from the shoulder to the fenceline, there is only
a 70 ft. right of way available for construction.  Typically, pipelines
require a 100 ft. temporary construction easement and 50 ft. of permanent
right of way.  Preliminary discussions indicate another problem with this
alignment may be the roadway's routing within the wash of the riverbed.

If the highway 93 corridor is unsuitable for the pipeline, the second
alternative appears to be running the pipeline down the adjacent N/S section
line.  The problem with this approach is that as the line nears the site, the
routing would have to contend with the river bed and wash areas, possibly
necessitating deep burial and anchoring.  The other route would involve
following along the WAPA electric transmission corridor.  The only issue
there, aside from whether WAPA would permit the pipeline encroachment, is
whether there are safety and/or corrosion concerns associated with a high
pressure gas line located under a high voltage transmission system.

Other Preliminary Project Issues
There are other fundamental issues to address.  The original concept was to
interconnect the proposed Transwestern lateral with El Paso's northern
mainline and the yet-to-be-constructed Questar Southern Trails Pipeline, both
of which lay adjacent to Transwestern's mainline.  Transwestern's original
estimate to construct a 16" lateral pipeline and meter station ($20.3MM) was
based on the following specifications:

120 MMcf/d
450 psig delivery pressure,
900 psig inlet pressure

The meeting resulted in a revised set of specifications that now include a
higher 550 psig minimum delivery pressure (new technology Westinghouse
turbines).  In addition, our understanding is that EPNG's system operates at
a pressure 100-150 psig lower than Transwestern's.  In order to accommodate
EPNG deliveries and to account for the new higher minimum pressure, the
design will likely change to a 20" pipeline.

Next Steps (responsible party/department)
 Task      Date Due Party/Dept.
Pipeline Alignment
1. Estimate to plot lateral pipeline route.     8/4  Matthews/Chanley
2. Engineering services agreement    8/4  Scott/Fawcett
3. Final alignment sheets.    8/25  Matthews/Chanley

Misc. Items
1.   Confidentiality Agreement   7/24  Scott/Fawcett
2. Data items to Caithness
 -  Form 567     7/26  Matthews
 -  Gallup FERC filing (flow diagram)  7/26  Scott
 -  Sta. 1 and Needles flow/pressure data  7/28  Matthews
 -  Outage reports/maintenance schedules 7/28  Matthews

Engineering/Design
1.   Original estimate (16" line) to Caithness  7/24  Matthews
2.  Revised specifications to Transwestern  7/28  Caithness (T.P.)
3.   Revised estimate (20" line) to Caithness    8/4  Matthews/Chanley

Other Issues
Several key issues need to be addressed concurrently with the pipeline
alignment and engineering activities:

 Task      Date Due Party/Dept.
Deal Structuring
1. Financing/cost amortization     9/8  Fawcett/Hayslett
/Centilli/Goodrow
2. Research interconnect policy (EPNG)    8/4  Scott/Regulatory
3. Research 7(c) application requirements  8/11  Scott/Regulatory
4. Rates      9/22  Scott/Regulatory
/Centilli
5. Research open season requirements  8/18  Scott/Regulatory

The above list is certainly not meant to be all-inclusive and a kick-off
meeting to discuss the project schedule will be put together shortly.  In the
meantime, if you have any questions regarding this project, please let me
know.  Also, please feel free to forward this memo to anyone I've
inadvertently left off the distribution.  Thanks.


Sara,
David is going to follow-up with his contact at Posit tomorrow to find out
about the agreement.
I will let you know.
Thanks. Sheila


<<5-17-01.pdf>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005

 - 5-17-01.pdf


Mrs. Kitchen:

Attached are the margin numbers you requested.  The source documents are referenced below.

Thanks

Trey Hardy

 -----Original Message-----
From: 	Hardy, Trey
Sent:	Sunday, November 04, 2001 8:29 PM
To:	Killen, Faith
Subject:	Earnings roll from 01/99

The numbers from 01/01/99 to 10/31/2000 are from the DPR, the remaining numbers are from the Management Summary.

Thanks

Trey


----- Forwarded by Richard B Sanders/HOU/ECT on 03/01/2001 03:29 PM -----

	Marcus Nettelton@ENRON
	02/20/2001 02:34 PM

		 To: Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: Eddy Daniels/NA/Enron@Enron, Garrick Hill/HOU/ECT@ECT, Charles
Ward/Corp/Enron@ENRON, Roy Boston/HOU/EES@EES
		 Subject: January 2001 Billing Summary for Michigan Power Limited Partnership
- Next Steps

Liz/Richard

I suggest that we seek to rely upon Section 18(c) which says that
"....pending resolution of the disagreement by arbitration, Seller shall
continue to operate the Plant in a manner consistent with this Agreement and
Consumers shall continue to pay all charges required in accordance with the
applicable provisions of this Agreement."

Since arbitration is the final stage in the dispute resolution process agreed
by the parties and it has been agreed that there should be continuity until
any dispute is finally resolved, this position should properly apply to each
stage of the dispute resolution process. I suggest that since the dispute
resolution procedure envisages continuity, until resolution, that Consumers
should continue to invoice on the basis that they have done for the last few
years.

Richard, we will need your input as to whether we could argue the above with
a sufficient degree of confidence to persuade a judge to make an order of
specific performance as against Consumers to invoice using the basis that
they have been using for the last few years, pending outcome of the dispute
resolution process. Further, whether you believe that we will be entitled to
seek such equitable relief.

We need to take control of this process and ensure that Consumers are always
playing catch-up, if we fail to do so we will be playing catch-up and will be
out of pocket until the conclusion of the arbitration process. If we do not
get Consumers to invoice and pay the sums we believe are due, there will be
no incentive on Consumers to start the process and every opportunity for them
to delay any resolution of this dispute.

I have spoken with Sandy Hollingsworth who will be sending me copies of
documents that Dynegy have uncovered which she believes further assist our
case. Once I receive them we ought to meet to review and obtain a better
understanding of the case we are able to make and the case which may be made
against us. Is there any other evidence that we, or Dynegy, should be
collecting at this stage, such as interviewing individuals who were involved
in the negotiations/discussions with Consumers?

Regards,

Marcus
---------------------- Forwarded by Marcus Nettelton/NA/Enron on 02/20/2001
01:15 PM ---------------------------

Ketan.Patel@dynegy.com on 02/20/2001 12:43:54 PM
To: Sandy.Hollingsworth@dynegy.com
cc: ketan.patel@dynegy.com, Garrick.Hill@enron.com, Eddy.Daniels@enron.com,
Marcus.Nettelton@enron.com, Gerardo.P.Manalac@dynegy.com,
Aldo.C.Lopez@dynegy.com

Subject: January 2001 Billing Summary for Michigan Power Limited Partnership

Sandy-

I just received the billing summary of power purchased from Michigan Power
Limited Partnership for January 2001.  As expected, they have used the
capacity charges corresponding to Year 6 (On Peak = $41.99/MWh, Off Peak
= $39.89).  Could you please draft a quick letter as suggested by Marcus
Nettelton.  The correct capacity charges should be On Peak  = $45.90/MWh,
Off Peak = $43.60/MWh.

Rick, I will fax you a copy of the billing summary and then you can forward
it others in your shop.

Thanks,

Ketan

Marcus.Nettelton@enron.com on 02/15/2001 11:48:19 AM

To:   ketan.patel@dynegy.com, shol@dynegy.com
cc:   Garrick.Hill@enron.com, Eddy.Daniels@enron.com

Subject:  Michigan Power Limited Partnership - PPA

Further to the email sent yesterday by Eddy Daniels, we believe that if
Consumers Energy fail to adjust the amount of capacity charges in January
2001, which it appears that they are likely to do following their letter of
February 5, 2001, we are of the view that a notice of disagreement should
be sent to Consumers Energy.

In principle we suggest that the notice should dispute that the correct
capacity charge has been applied, stating the correct capacity charge and
requesting that Consumers Energy re-submit their invoice to reflect the
correct capacity charge.

Please do not hesitate to call me on 713 345 8161 to discuss this further.

Kind regards.

Marcus Nettelton
Senior Counsel


Dear Stacy:

A NEW SCHOLARSHIP IS WAITING FOR YOU AT FASTWEB!

This new scholarship has been placed in your FastWeb Results Page. As
you are aware, we enter or update scholarships each day.

Yesterday, the following scholarship was entered into our database:

 Sam Walton Community Scholarship

According to our records, this may be an excellent match for you. Check
it out at:

  http://www.fastweb.com/sp/award/20011204/Z2U86ZQHGO5K

Good luck with your scholarship applications. Be sure to let us know
about the awards you've won!

This e-mail was sent to you because we thought you'd find it
interesting or useful. If you'd rather not receive these messages,
go to:
http://www.fastweb.com/sp/unsub/awards/Z2U86ZQHGO5K
(click on this link or cut and paste it into your browser), and submit
the form to change your user status.


We are currently renting 198,378 square feet (without the swing floor 3AC33). At a price of $27.19 per square foot per year, $5,393,000.

Deborah Bubenko will reprice the floor 41 estimate to include the storage cabinets and lights this week. The original estimate of $1.5 million did not include these.


Jeff:  I have not heard a word from credit.  Who did you speak with?  Please
let me know and I will follow up.  Thanks.  Sara


A Charlotte, NC man, having purchased a box of very rare and expensive
   cigars, insured them against fire, among other hazards. Within a month,
   having smoked his entire stockpile of cigars and without having made
   even
   his first premium payment on the policy, the man filed a claim against
   the
   insurance company. In his claim, the man stated that the cigars were
   lost
   "in a series of small fires".
   The insurance company refused to pay, citing the obvious reason: that
   the
   man had consumed the cigars in the normal fashion. The man sued ... and
   won! The ruling judge agreed that the claim was frivolous. He stated,
   nevertheless, that the man held a valid policy from the company in which

   it had warranted that the cigars were insurable and also guaranteed that

   it would insure against fire, without further defining what would be
   considered to be an "unacceptable fire," and was obligated to pay the
   claim. Rather than endure a lengthy and costly appeal process, the
   insurance company accepted the ruling and paid the man $15,000 for the
   rare cigars he had lost in the "fires".
   And now the good part...After the man cashed the check, the insurance
   company had him arrested on 24 counts of arson. With his own insurance
   claim and testimony from the previous case being used against him, the
   man was convicted of intentionally burning his insured property and
   sentenced to 24 months in jail and a $24,000.00 fine.


Any costs related to looking at buying an asset must be expensed if we don't buy anything.  Thus, these costs need to be expensed on 1755.  We will need to write off the costs in Eric's cost center in December if we don't buy anything to write them off against.

Thanks

 -----Original Message-----
From: 	Lev, Jennifer
Sent:	Monday, October 22, 2001 4:34 PM
To:	Geaccone, Tracy; Botello, Mary
Cc:	Lin, Judy
Subject:	RE: Acquisition Projects

Tracy,

What exactly do you want moved over to the new company (1755)?  The only thing we have moved so far is the 1N9 revenues (and related costs). Do you want all of Eric Gadd's costs moved?

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, October 22, 2001 4:26 PM
To:	Botello, Mary
Cc:	Lin, Judy; Lev, Jennifer
Subject:	RE: Acquisition Projects

Whatever the new company is that we set to record profit and losses on.

 -----Original Message-----
From: 	Botello, Mary
Sent:	Monday, October 22, 2001 3:14 PM
To:	Geaccone, Tracy
Subject:	FW: Acquisition Projects

	Tracy,
	Did you want to expense these costs in Eric Gadd's cc?
	Mary

 -----Original Message-----
From: 	Lin, Judy
Sent:	Monday, October 22, 2001 2:22 PM
To:	Botello, Mary
Subject:	FW: Acquisition Projects

fyi

How???  May I move it to c.c.#112458 - Eric Gadd - Asset Development?

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, October 22, 2001 1:52 PM
To:	Lin, Judy
Cc:	Ratner, Michael; Lev, Jennifer
Subject:	RE: Acquisition Projects

Should be expensed in the 4th Q

 -----Original Message-----
From: 	Lin, Judy
Sent:	Monday, October 22, 2001 1:46 PM
To:	Geaccone, Tracy
Cc:	Ratner, Michael; Lev, Jennifer
Subject:	Acquisition Projects

I've been requested by Rod and John Goodpasture to set up the following acquisition projects in 2000 under
Co. 0366's book:

Project #                  Project Name            Project-to-Date

C.005532        Reliant Acquistition             $21,173.59
C.005535        LG & E Asset Acquisition       7,128.54
C.005539        Kansas P/L Prohect               7,173.43
C.005542        Hugoton-Bushton                 54,401.40
C.005543        Destin P/L, Sea Robin          13,996.76
C.005544        Phosphate Slurry P/L           24,131.30
--------------------------------------------------------------------------------------
Total                                                      $128,005.02
                                                             ==========

As the projects have been completed, may we allocate the costs ?  to whom ?

Please advise.

Judy 3-7193


Marie - Here is the document with your most recent changes incorporated.   We should probably think about preparing a deemed ISDA with the same concepts included.  Thanks.


See below.  Can we get some help on the IBM issues?
----- Forwarded by Steven J Kean/NA/Enron on 11/12/2000 02:36 PM -----

	Erin Rice
	11/10/2000 11:08 AM

		 To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
		 cc: Courtney Votaw/NA/Enron@Enron, Mary Clark/Corp/Enron@ENRON
		 Subject: Re: BackWeb

Steve:

At this point, our IT contacts are backpedalling a bit and suggesting they
can overcome the TIBCO and Terminal Server problems.  There are still four
important issues, however:

IT still cannot commit to transferring messages across domains.  This means
that messages initiated at Corp and intended for the entire Enron
organization will not reach any business units outside the Corp domain.
No messages will reach the EES organization unless IBM agrees not to use
their proprietary message delivery tool, WebSphere, and will use WebLogic
instead.  WebLogic is required by BackWeb, although it is designed by a
separate company.
HR, intended to be a key user of this tool, will not use BackWeb because
survey responses cannot be made anonymous.  HR has already purchased a tool
called CONFIRMIT that can execute anonymous surveys.
Messages will not be delivered simultaneously to all users in the same
domain, nor will they be delivered for two to five hours after they are sent
by the message administrator.

Another thing to consider is that these messages will be set to expire and
disappear within a set period of time, meaning users cannot retrieve them and
read them later (as they can with e-mail).  This means that I could be away
from the office for several days and miss a message entirely, because it
would have expired and disappeared by the time I returned.

The plain fact is that a few members of IT are pushing this initiative, but
they lack commercial sponsorship.  They are hoping Corp will foot the bill
for a pilot which will allow them to fully test this tool before implementing
it company-wide.

Please let us know if you have additional questions.

- er

----- Forwarded by Courtney Votaw/NA/Enron on 11/09/2000 12:08 PM -----

	Steven J Kean
	11/09/2000 11:35 AM

		 To: Courtney Votaw/NA/Enron@Enron
		 cc:
		 Subject: Re: BackWeb

Do we have a sense for how many we can reach, how many we can't and where
they are?  Are whole offices (eg Tokyo) unreachable or is it only those who
have home offices?

	Courtney Votaw
	11/08/2000 11:02 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
		 cc: Erin Rice/Corp/Enron@Enron
		 Subject: BackWeb

Mark and Steve-

Erin Rice and I would like to meet with you to discuss the issues concerning
BackWeb before we proceed.  As you can see from the Design Document, they are
pretty significant.

Thanks,
 Courtney


Here is what we reported for consolidated Canada as of Nov. 17.   Listed
amounts are in thousands.

Jun July Aug Sept Oct Nov  YTD
274 -4,672 5,115 990 -2,517 -6,708  27,552

I'm still working on the first half of the year.

Thanks,
Robin


Have a great weekend.

JP

 - Book1.xls


Should we send out a new draft without changing the guaranty language from
the original draft?

	Russell Diamond
	09/05/2000 11:10 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Cinergy Marketing ISDA Update

Hello Sara,

I talked to Chuck Kaufmann in Cinergy's credit dept. concerning the ongoing
issues.  Basically, he has agreed to the cross-default levels of 50/100
million.  He is going to look further into the guaranty issue and get back to
me on this. I will keep you updated.

Thanks
Russell


Notice No. 01-164
May 18, 2001

TO:
All NYMEX Division Members/Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Floor Traders
All NYMEX Division Operations Managers

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing
Members
________________________________________________________________

The expiration date for the June 2001 options contract for Cinergy (NOM1),
Entergy (OTM1), Palo Verde (VOM1) and Cob (WOM1) is Thursday, May 24, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM
Usual Event Time: 6:45 PM
Announced via Fast Facts

Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-164)"

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


here are a few more items

--
Daniel Casse
White House Writers Group
615-297-5999
615-297-5908 (fax)

 - Jan12humor.DOC


Gaurav:
Thanks for this.  I will forward this to the LeBeouf folks but could you
please update this by adding to it Scott Avitabile, Bruce Wright, Sam Berins
and John McGreevy and recirculate?
Thanks.

	Gaurav Babbar
	05/31/2000 04:19 PM

		 To: david.hoog@ace-ina.com, alex.tartakovski@ace-ina.com,
ed.zaccaria@ace-ina.com, carol.st.clair@enron.com, bill.windle@enorn.com,
elizabeth.sager@enron.com, leslie.hansen@enron.com,
vasant.shanbhogue@enron.com
		 cc:
		 Subject: Contact List


Start Date: 1/27/02; HourAhead hour: 9;  HourAhead schedule download failed. Manual intervention required.


i can't make the 9 o'clock game

Phillip M Love
02/22/2000 12:50 PM
To: Eric Bass/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kevin
Bosse/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Gregg Lenart/HOU/ECT@ECT, Eric
Wardle/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT,
Drew Hill/HOU/ECT@ECT, Jimmy Simien/Corp/Enron@ENRON, Mark Feldman/HOU/ECT@ECT
cc:
Subject: this week's game

Our games this week are scheduled for 7 & 9.  We only have 10 players this
week, so please let me know today if you are or are not able to play this
week so that I can find someone else.  Thanks.
PL


FYI.  Under the settlement with SoCal, PG&E and countless others, Altra was
going to provide the platform for the (unregulated) secondary markets in
intrastate storage, capacity and imbalance trading rights.  Altra declined
and SoCal and PG&E will now look for someone else to provide the service.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/06/2000 08:52
PM ---------------------------

"Angeles, Zenee G. - TPZGA" <ZAngeles@sempra.com> on 09/06/2000 07:27:23 PM
To: "Alexander, Michael@sce" <alexanms@sce.com>, "Amirault, Paul@AEC"
<paulamirault@aec.ca>, "Bayless, David@Utility" <david.bayless@utility.com>,
"Beach, Thomas@Crossborder" <tomb@crossborderenergy.com>, "Burkholder,
John@cts/whb" <burkee@cts.com>, "Chancellor, Craig@Calpine"
<craigc@calpine.com>, "Counihan, Rick@Green Mountain"
<rick.counihan@greenmountain.com>, "Dasovich, Jeff@Enron"
<jdasovic@enron.com>, "Day, Michael@GMSSR" <mday@gmssr.com>, "Dingwall,
Brian@UEM" <bdingwall@unitedgas.com>, "Elsesser, Evelyn@aelaw"
<eke@aelaw.com>, "Johnson, Pamela@REMAC" <johnson_pamela@lacoe.edu>, "Jun,
Christine@aelaw" <chj@aelaw.com>, "Karp, Joseph@Whitecase"
<karpjos@sf.whitecase.com>, "Keeler, Paul@BR" <pkeeler@br-inc.com>, "Leslie,
John@Luce" <jleslie@luce.com>, "McCrea, Keith@CIG/CM" <kmccrea@sablaw.com>,
"Paul, Joe@Dynegy" <6266273191@messaging.sprintpcs.com>, "Pocta, Mark@ORA"
<rmp@cpuc.ca.gov>, "Porter, Doug@SCE" <porterdk@sce.com>, "Rochman,
Michael@CUB" <rochmanm@cubjpa.org>, "Rochman, Michael@SPURR"
<rochmanm@spurr.org>, "Scott, Susan@TW" <sscott3@enron.com>, "Worster,
Gerard@TXU" <gworster@txuenergy.com>, "Zaiontz, Jean@BP" <zaiontj@bp.com>
cc: "Sullivan, Glen J." <GSullivan@sempra.com>, "Lorenz, Lad - TPLPL"
<LLorenz@socalgas.com>, "Suwara, J.- TPJUS" <JSuwara@sempra.com>, "Betonte,
Robert - TP2RSB" <RBetonte@socalgas.com>, "Follett, B. David - TPDBF"
<DFollett@sempra.com>
Subject: GIR: FELLOW SIGNATORIES TO THE COMPREHENSIVE SETTLEMENT - ALTRA

Dear fellow signatories to the Comprehensive Settlement:

On Friday of last week, SoCalGas and PG&E informed ALJ Biren that Altra had
definitively declined to offer the electronic trading services that both the
already-approved PG&E settlement and the pending SoCalGas/SDG&E Comprehensive
Settlement contemplated would be provided specifically by Altra for at least
an intial period.? Both SoCalGas and PG&E sent a letter and email to to the
full service list yesterday (Tues, 9/5) informing parties of this development.

SoCalGas believes that some modification to the Comprehensive Settlement in
necessary to take this development into account, and that we then need to
file the modification as soon as possible with the Commission.? The ALJ has
indicated to us that some formal filing with the Commission in response to
this development will be necessary.

We want to work with the signatories to the Comprehensive Settlement to reach
a consensus as soon as possible.? Our goal is to cause little or no delay in
the processing of a decision on the Comprehensive Settlement.

What SoCalGas has in mind is modifying the settlement to remove the specific
naming of Altra and to insert language saying that SoCalGas will select and
contract with a third-party provider for a specified period of time, without
identifying in the settlement who that will be.?? We also need to consider
whether we should address in the revision to the settlement how we will
handle the possibility that the third-party provider will not be ready to
operate by the April 1, 2001 date the settlement provides for the monthly
imbalance trading, OFO day imbalance chip trading, and storage rights
trading.? SoCalGas is looking at interim arrangements that it could provide
in-house starting April 1, 2001, until the third-party provider could begin
service.? We also might consider what would happen if no third party provider
can be found.

To avoid any claims that we have not complied with the settlement rules,
today we mailed and emailed to the full service list a notice of a settlement
conference for Wednesday of next week.? We want to file something with the
Commission very promptly thereafter.

Please feel free to contact Glen Sullivan at 619-699-5027, Lad Lorenz at
213-244-3820, Bob Betonte at 213-244-3832, or June Suwara at 213-244-3504 on
this subject.?

For those of you who have not heard, Brian Cherry has submitted his
resignation from Sempra Energy's Regulatory Affairs Dept. and will be going
to work shortly for PG&E in a similar capacity.


I will be out of the office from January 28 until February 4.  If you have urgent needs, please contact my assistant, Iris Waser at 3-6059, or Staci Holtzman at 3-6633.