Leslie/Mark,
We are going a few months back but I need your help on a question. Did the
draft email below go out to the traders?
Was it sent to NA traders only? Was another sent to European traders? If it
was sent, can you send Savita & I the final
memo?

Savita has suggested that the point of contacts change to the designated
people below.

Thank you for your help on this. Please call me if you have any questions.
Thanks.
Jennifer
3-5824

 -----Original Message-----
From:  Puthigai, Savita
Sent: Tuesday, May 29, 2001 3:08 PM
To: Denny, Jennifer
Subject: RE: Third Party Trading Platform Policy

Please follow up with Leslie or Mark. Also we should get it changed to have
you as the lead, Torrey and myself as the back up in that order.Also if one
was executed for Europe we should make Lara  the lead for those. Thanks.

Savita

 -----Original Message-----
From:  Denny, Jennifer
Sent: Tuesday, May 29, 2001 3:03 PM
To: Puthigai, Savita
Subject: RE: Third Party Trading Platform Policy

Sheri told me that it was sent out to the traders. Actually, as I recall, I
think I was put on it as a backup to Sheri for a point of contact. I'm not
sure if European traders were sent anything. .

I can check with Leslie or Mark to confirm.
Let me know if you want me to follow up on this or if would rather do it
yourself.

 -----Original Message-----
From:  Puthigai, Savita
Sent: Tuesday, May 29, 2001 2:40 PM
To: Thomas, Sheri
Cc: Denny, Jennifer
Subject: FW: Third Party Trading Platform Policy

Hi Sheri,

Did we ever send this email out to the traders?

Savita

 -----Original Message-----
From:  Gosalia, Amita
Sent: Tuesday, May 29, 2001 11:43 AM
To: Puthigai, Savita; McKinney, Lara
Subject: Third Party Trading Platform Policy

Hi Guys

Please see below the last email I had from Sheri re 3rd Party Trading
Platform Policy.  Don't think the document was ever sent out.  Certainly was
not sent to the European offices.

Rgds

Amita

----- Forwarded by Amita Gosalia/LON/ECT on 29/05/2001 17:39 -----

	Sheri Thomas 10/11/2000 19:38 	   To: Amita Gosalia/LON/ECT@ECT  cc:
Subject: Third Party Trading Platform Policy

here it is - I have asked that one other person here be added (Jennifer) in
case I am out.  Let's talk about how we can manage this....  ???

Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 11/10/2000 01:36
PM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
Leslie Hansen
11/09/2000 04:35 PM
To: Andy Zipper/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Third Party Trading Platform Policy

Andy and Sheri:

Here is a draft of what I propose Mark Frevert and Mark Haedicke send out to
the traders re use of third-party electronic trading platforms.  Note that I
included a contact for questions at the bottom of the policy.  I have listed
myself for now -- who would you like to designate?  Will this e-mail go out
to European and other business units as well, and if so, from the same
senders?

Mark Taylor has approved the e-mail and the policy.

Let me know what you think.  I will circulate to Mark Haedicke for approval
as soon as I receive your comments and/or approval.

Leslie

**************************************************************************
Many of you have received offers to use third -party electronic trading
platforms like Dynegydirect.  Enron has a Policy Relating to Use of Third
Party Electronic Trading Platforms to serve as a guide to appropriate
registration for and use of such trading platforms.  The Policy provides that:

You must notify the Enron Net Works LLC (ENW) designee set out in the Policy
if you would like to trade on such a trading platform.
All registration and other documentation must be sent to the ENW designee,
who will coordinate the necessary legal and administrative review.
You are not authorized to use a third-party electronic trading platform until
you are authorized by ENW.
The Master User for all third-party electronic trading platform accounts will
be an ENW designee.
If you are currently using any third-party electronic trading platform,
please notify the ENW designee.

A full copy of the Policy Statement is attached for your review.

 << File: POLICY RE USE OF THIRD PARTY ELECTRONIC TRADING PLATFORMS.doc >>


Attached is a summary of my notes at the Socal meeting regarding revised window procedures.  No hand-outs were provided.

Calculation of Receipt Point Capacity
Topock  540 mmcf/d
Ehrenberg 1250 mmcf/d
Needles 800 mmcf/d
Wheeler 800 mmcf/d

New Receipt Points
Kramer Junction 200 mmcf/d
Hector Rd 50 mmcf/d
Both will be available around Feb 1

Basis of Pro-Ration-Current Windows Calculation
Currently, Gas Control provides total receipt point capacity comprised of demand forecast and injection capability and compares to maximum amount of gas that can enter system.  Gas Select prorates interstate's receipt capacity based on prior day's nominations.

New Calculation, Changes and Display
Based on operational maximum with adjustments for maintenance.  SoCal ist aking and applying the current formula for Wheeler Ridge to all the points.  Any changes to operational maximum will probably be due to maintenance and posted on Gas Select.  Customer will choose which points it wants to reduce receipts.  Operating maximums will equal demand forecast plus injections.  Demand forecast will rely on Gas Control weather forecast.  They use Weather Bank as one of their tools.

OFO Declaration
Name changes from overnomination
Can declare before any Cycle
Provide 2 hour notice
Post on Gas Select
Show OFO Calculation on Gas Select

Windows
Reason to set windows was to set limits to prevent too much gas from coming into system
Calculation based on noms which does not work well.  Lots of complaints.   People were complaining that it restricted access to the system.  Eliminating point specific calculation.  Open system to Max Oper. Limits or Contractual Limits.   Will continue to operate Wheeler Ridge under Aug 1 procedures.  No changes to Wheeler Ridge.
Due to the need to maintain operational control, an OFO will be declared when scheduled volumes are greater than the max operating capacity on any cycle.
Replace windows with operational maximum volumes.  If  CPUC approves comprehensive settlement, will post 5 days of information to anticipate OFO's
Now customers will elect which point they will back off instead of using windows.

Scheduling Changes-Nov 1
Gas Select is being rebuilt and will be an internet system in mid-2002 .  No direct dial-up.
Rollover noms-noms will be copied from cycle to cycle
Copy confirmed noms
All noms will be rolled over-will not be at discretion of 3rd party.  However, can still make  changes.  Can still upload new files.

2 Hour Notice
Socal will provide 2 hour notice on  Gas Select of OFO.  Other methods include leaving message on Socal Hotline (213-244-3900) and list of e-mail messages that can go directly to pagers.  Gas Select is official notification.  Courtesy notification is hot line and e mail.  Gas Select is a subscriber- based system mandated by CPUC and must get regulatory change to make free.
OFO's are going to be system wide and not customer specific.  OFO's can be declared intraday.  Once OFO declared, it will be kept for entire day.  Concerned that if call off, will have to put back on.  Don't want to go back and forth.  This decision may be reconsidered once they see how it works.  Many times Socal see an increase of 200 mmcf/day between Cycle 3 and 4 so they are concerned.

Scheduled vs. Capacity-Declare OFO
Nominations may not exceed 110% of expected usage.
Expected Usage is defined as usage for the same day for the prior week.  Can revise expected usage.
No interruptible storage injections allowed during OFO.
Use Elapsed Pro-Rata Rules
Expected Usage-cut nominations to 110% of expected usage so will use same day  of the prior week as proxy.  Generators need to revise expected usage.  Acceptance of changes are at the discretion of SoCal.
Flow Day Diversions don't go into effect until after Cycle 4.  Gas Control will determine if flow day diversion will be allowed.
If call OFO after cycle 3 or 4 and have interruptible storage injections, such storage will be prorationed back under the elapsed prorata rules.
Many people were concerned that interruptible storage will be severely compromised.
If OFO called , Interruptible Storage could be cut under the elapsed prorata rules as follows:

Cycle 1    Nom 1000  ; 0 cut
Cycle 2 Nom 1000; 666 cut
Cylce 3 Nom 1000; 500 cut
Windows will only be implemented during cycle 4 if OFO callled after cycle 3 and no improvement is realized.  Will allocate prorata.  Will use latest scheduled volume and will pro rate by receipt point.  In other words, if OFO declared during Cycle 1 and no relief after 3 cycles, Socal will window Cycle 4 and prorata cut. Parties will determine what gets cut on all the other cycles. For penalty purposes, actual burn from 12 o'clock to 12 o'clock will be used to calculate penalties or MAXDQ if not metered.
For OFO, assume supply delivereis day before and burn is the same day for the prior week.  Declare OFO on prior day's scheduled volume.

For an evening declaration-will use most recent available scheduled volumes.  For example:

         Flow Day 10/4                10/3 Scheduled Volumes
Cycle 1                                    Cycle 2
Cycle 2                                     Intraday 1
Cycle 3				evening cyle 2 on 10/4
Cycle 4                                     Intraday 1 on 10/4

In other words, will look at evening cycle 2 scheduled volumes on the 3rd for declaring OFO on cycle 1 for the 4th.; look at intra day 1 for the 3rd in declaring OFO for cycle 2 on the 4th;  look at evening cycle 2 on 10/4 in declaraing OFO for Cycle 3 on the 4th;  look at intraday 1 on the 4th in declaraing OFO on cycle 4 for the 4th.

Winter Balancing Rules
Effective Nov 1-March 31
No changes.
All customers must comply.
Minimum delivery requirements
50% of daily usage over 5 day period; (Nov 1-5;6-10;)
70% of daily usage depending on storage level
70% daily usage implemented when storage levels equal 20 bcf above peak day min
90% of daily usage depending on storage level
90% rule implemented when storage levels equal 5 bcf  plus peak day min.
Look at storage graph on Gas Select.  Posted 24 hours in advance if the minimum daily is changed.  If go to 70% , current 5 day cycle must end completely, before new % goes into effect.
Must increase storage inventory by 1 bcf above the 70% before going back to 50% rule.
Once 90% rule implemented, will return to 70% as soon as operationally feasible,

Contracted Marketer's customer usage and delivereies are aggregated in one balancing account.

Core Aggregation-subject to 50% daily throughout entire winter period based on DCQ.
Core-50% of daily throughput for the enitre period,; (Patrick Brown group)
Not subject to 70% and 90% rules.

2 types of gas count toward daily obligation- firm storage withdrawal and flowing gas.  As-available storage and imbalance trading do not count.

Burn=measured daily usage thru electronic measurement,
Min DQ-used if customer does not have electronic measurement.

Customer assessed  GIMB charge if total deliveries is less than 50% of total burn over 5 day period.  Customer purchases gas at daily balancing stand-by rate under  G IMB Rate Schedule which is 150% of highest Socal Border price per NGI Gas Daily plus franchise fees and other charges.  Rate is posted at end of every month.

OFO can be declared during undernom season (winter season)


---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/17/2000
10:26 AM ---------------------------

Jim Little
03/02/2000 05:15 PM
To: Troy Klussmann/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Cynthia
Hakemack/HOU/ECT@ECT, Romona D Lake/HOU/ECT@ECT, Diane H Cook/HOU/ECT@ECT,
Mark Friedman/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT, Cathy De La
Torre/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Melba A Bowen/HOU/ECT@ECT,
Mary Theresa Franklin/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT, David
Oliver/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ECT, Janie Gallegos/HOU/ECT@ECT,
Gregory A Mausser/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Dawn C
Kenne/HOU/ECT@ECT, Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Physical Liquidations for February


---------------------- Forwarded by John Arnold/HOU/ECT on 05/10/2001 02:21
PM ---------------------------

"Schaefer, Matthew" <MSchaefer@NYMEX.com> on 05/10/2001 10:52:30 AM
To: Brad Banky <bbanky@txues.com>, David Rosenberg
<david.m.rosenberg@enron.com>, George Gero <anthony_gero@prusec.com>, James
Haupt <jay.haupt@eprime.com>, Jeff Frase <jeff.frase@gs.com>, Jeff Ong
<glyons@tractabelusa.com>, Jim Adams <james.l.adams@usa.conoco.com>, John
Arnold <jarnold@enron.com>, Kayvan Scott Malek <ksmalek@aep.com>, Mel Mullim
<fwam@msn.com>, Michael Maggi <mike.maggi@enron.com>, Robert Collins
<collinsb2@epenergy.com>, Russ Knutsen <rrkn@chevron.com>, Sanjiv Khosla
<sanjiv.khosla@msdw.com>, William Coorsh <bcoorsh@tractabelusa.com>
cc:
Subject: Options Advisory Committee Meeting - May 31st

Please be advised that there will be a meeting of the Options Advisory
Committee on Thursday, May 31, 2001 in Room 1012 on the 10th floor in the
NYMEX building.  Video conference facilities will also be set up at the
NYMEX office in Houston for those who wish to participate there.  The agenda
is attached.

 <<OPTIONS ADVISORY COMMITTEE May 31, 2001.doc>>

 - OPTIONS ADVISORY COMMITTEE May 31, 2001.doc


USA: Enron shares in stay in doldrums after downgrade.
Reuters English News Service, 10/29/01
USA: US companies' credit quality to worsen-Moody's.
Reuters English News Service, 10/29/01

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
Bloomberg, 10/29/01

USA: Enron shares drop despite further triage attempts.
Reuters English News Service, 10/29/01

USA: Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
USA: UPDATE 1-Enron says in talks with banks for new credit line.
Reuters English News Service, 10/29/01
POWER POINTS:Enron May Have To Rethink Asset-Light Focus
Dow Jones Energy Service, 10/29/01
OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's
AFX News, 10/29/01
USA: Moody's cuts Enron to 2 notches above "junk".
Reuters English News Service, 10/29/01
UK: Europe energy firms wary of Enron on credit worries.
Reuters English News Service, 10/29/01
BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
Dow Jones Energy Service, 10/29/01

USA: Enron shares in stay in doldrums after downgrade.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Enron Corp.'s share price hovered above seven-year lows touched in earlier trade Monday after Moody's Investor Service cut the credit status of its senior unsecured debt of North America's largest energy trader to two ratings above junk status.
Enron, the largest electricity and natural gas trader in North America, also on Monday said it was in talks with banks to expand its credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron shares were down $1.40, or 9.03 percent, to $14.10 on the New York Stock Exchange, after earlier in the session trading below $14 for the first time since December 1994.
Moody's also warned that it could cut the debt rating again, now downgraded to Baa2, as well as its rating for the Enron's commercial paper.
Enron's credit-worthiness will have a direct affect on its day-to-day trading operations and its trading partners' perception of making good on trades. With a credit rating hovering above junk status, the cost of doing business will soar as trading partners look for increased collateral to back trades.
Last week Enron shares lost almost $14 billion in market value as a series of piecemeal disclosures about the company's involvement in complex partnerships began to trickle out.
Investors have fled Enron's stock in droves following disclosures that the company did off-the-balance sheet transactions with two limited partnerships run by former chief financial officer Andrew Fastow in deals the U.S. Securities and Exchange Commission is now looking into for possible conflict of interest.
Enron compensated its partners in this off-balance sheet structure with the promise of Enron shares, if the value of private investments in several of its units fell below a certain level.
Many industry observers see Enron's request for additional credit, after the company tapped its banks for $3.3 billion last week, as a sign a weakness.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carol Levenson, an analyst with independent research firm gimmecredit.com.

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

USA: US companies' credit quality to worsen-Moody's.
By Jonathan Stempel

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - U.S. corporate credit quality is likely to grow much worse before it gets better, a leading credit rating agency said in a report issued on Monday.
Moody's Investors Service said that in the third quarter, it put on review for downgrade its credit ratings for 122 U.S. companies. At the same time, it put on review for upgrade its ratings for just 22 companies.
That 5.5-to-1 ratio is far greater than the 1.3-to-1 ratio in the second quarter.
In dollar terms, the situation looks more dire. Moody's warned it may downgrade $543 billion of debt, dwarfing the $66 billion Moody's said it may upgrade by 8.2-to-1.
"Particularly in light of September 11, the fourth quarter will be particularly weak for credit rating changes," said John Puchalla, Moody's senior economist. "A wide excess of rating reviews for downgrade over upgrades in the third quarter suggests credit deterioration will persist at least into early next year."
Rating reviews are significant because, unlike actual rating changes, they are not a "lagging" indicator, and suggest the future direction of corporate credit. Moody's normally wraps up its reviews within three months.
U.S. corporate credit quality is falling for many reasons. These include the weakening U.S. economy, an inability of marginal companies to raise cash, debt-financed merger activity and fallout from the Sept. 11 attacks on such industries as airlines, insurance, and travel.
For example, Moody's in July warned it may cut Comcast Corp.'s ratings after the Philadelphia-based company bid $44.5 billion for AT&T Corp.'s cable TV operations.
Then last month, Moody's warned it may cut Chicago-based Boeing Co.'s ratings because of the attacks' potential impact on demand for commercial airplanes.
In the third quarter, Moody's warned it may cut its ratings of 54 speculative-grade, or "junk"-rated, companies, and raise the ratings of just 11. For investment-grade companies, the gap was even more yawning: 68-to-11.
And in the fourth quarter? Through Friday, Moody's warned it may downgrade 47 companies and raise a mere four. On Monday, it downgraded embattled energy trading giant Enron Corp., and put all of its ratings on review for another downgrade.
Puchalla, however, said the decline could slow next year, in part because interest rates are low and companies are managing their balance sheets more conservatively.
"Lower borrowing costs and slowing debt growth should reduce debt servicing costs, and fiscal stimulus from the federal government should boost business revenues," he said. "That is a positive for credit quality."
The third quarter was the 14th in a row when corporate rating downgrades outpaced upgrades. The record is 19 quarters, set between 1988 and 1993.

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

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)
2001-10-29 12:16 (New York)

Enron's Lenders to Demand Harsher Terms, Analysts Say (Update1)

     (Updates with analyst comment in fifth paragraph.)

     Houston, Oct. 29 (Bloomberg) -- Enron Corp., which can't get
low-interest, short-term loans, faces skeptical lenders who will
demand increasingly harsher terms as the largest energy trader
tries to get cash in the bank, credit analysts said.

     ``Anyone providing new funding is going to be nervous,'' said
Sean Egan, managing director at Egan-Jones Ratings Co. ``It's
likely that lenders are going to demand collateral.''

     Enron is trying to get $1 billion to $2 billion in loans from
Citigroup Inc., J.P. Morgan Chase & Co. and other banks to calm
investors after a 52 percent drop in the company's stock since
Oct. 17, the Wall Street Journal reported. The company needs cash
every day to settle commodities transactions and to keep trading
partners.

     The company on Thursday tapped $3.3 billion in bank credit
lines last week to pay off about $2 billion in commercial paper,
or short-term corporate loans. A week ago, the Enron said the U.S.
Securities and Exchange Commission had began an inquiry into
related-party transactions. They cost the company $35 million and
$1.2 billion in lost shareholder equity.

     ``Banks are in the driver's seat, and Enron is a little
desperate,'' said Peter Petas, a debt analyst at CreditSights Inc.
``I think their interest rates for loans would go up.''

                       Sells Assets for Cash

     Companies in Enron's situation often agree to other bank
terms in order to secure loans, Petas said. Those can include
agreeing to use proceeds from selling assets to pay debt and
putting up assets as collateral.

     Enron is attempting to sell assets to raise cash. Two related
partnerships, Osprey and Marlin, depend on selling power plants
and similar assets to repay $3.3 billion borrowed to buy the
plants. Enron may have to pay any difference between the debt and
sales proceeds.

     The company plans to complete the $2.9 billion sale of
Portland General Electric, an Oregon utility, to Northwest Natural
Gas Co. next year.

     Shares of Houston-based Enron fell $1.30, or 8.4 percent, to
$14.10 in midday trading. Earlier, they touched $13.55, down 12
percent. The company's credit rating was cut by Moody's Investors
Service after it wrote down the value of its assets.

     The stock had tumbled 80 percent in the past 12 months.

--Russell Hubbard in the Princeton newsroom, 609-750-4651

USA: Enron shares drop despite further triage attempts.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Enron shares slipped to a new six-year low in early trade as North America's largest natural gas and electricity trader said it was talking to banks about tapping additional credit lines to ease financial concerns that have sent its stock slumping more than 50 percent in the past two weeks.
Enron's shares were trading down 90 cents, or 5.8 percent, to $14.60 in early morning trade on the New York Stock Exchange. Shares crashed through $15, a low not seen since February 1995.
Last week, Enron shed almost $14 billion in market value as its stock price tumbled more than half since last week, when a series of piecemeal disclosures about its involvement in complex partnerships began to trickle out.
However, many industry observers see Enron's request for an additional credit after tapping its banks for $3.3 billion last week after as a sign a weakness not of strength.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead ... it's an act of desperation," said Carole Levenson, research analyst with independent research firm gimmecredit.com.

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

USA: Enron says in talks with banks for new credit line.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a move to shore up investor confidence.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on a new credit line.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
Enron shares sank 50 cents, or 3.2 percent, to $15 in early morning trade on the New York Stock Exchange. ((David Howard Sinkman, New York Newsdesk 646-223-6094)).

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

USA: UPDATE 1-Enron says in talks with banks for new credit line.

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. said on Monday it is in talks with banks for additional credit, in a new move to shore up investor confidence after it tapped about $3 billion in credit last week, and to stop a plunge in the company's stock that set new six-year lows.
Enron declined to comment on the size of the credit line, which banks it is in talks with and when it expects to complete an agreement on the new credit line.
Enron shares crashed through a psychological barrier of $15 a share, shedding $1.66, or 10.65 percent, to $13.85 in early morning trade on the New York Stock Exchange. The stock has lost more than half of its value in the past two weeks, losing more than $14 billion in market capitalization.
"We want to restore investor and market confidence and nothing instills confidence like cash," said Enron spokesman Mark Palmer in Houston.
Enron shares have tumbled since the company reported its first-quarterly loss in more than four years on Oct. 16. The company also wrote down $1.2 billion in equity, including transactions with partnerships formerly run by its chief financial officer who was forced to step down from Enron last week.
The sell-off was sparked by investor concern about the transparency of the transactions, which the Securities and Exchange Commission is examining. Enron last week replaced CFO Andrew Fastow as part of efforts to restore investor confidence.
The Wall Street Journal reported Monday the beleaguered energy trader is negotiation with bank for a new credit line of between $1 billion to $2 billion to prop up share prices following last week's selling that sent shares plummeting.
Enron said it drew about $3 billion in new credit lines last week, and has a net cash liquid position in excess of $1 billion.
"Clearly, both the stock and bond market view Enron as being in dire straits," said independent research firm Gimme Credit analyst Carol Levenson.
"We are not of the opinion that drawing down all of one's backup bank lines is a demonstration of financial strength, but instead it's an act of desperation."

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

POWER POINTS:Enron May Have To Rethink Asset-Light Focus
By Mark Golden

10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

NEW YORK -(Dow Jones)- On the face of things, it's hard to understand the stock market's headspinning reaction to Enron Corp.'s (ENE) revelation of some bad news in recent weeks.
Why the talk of a "death spiral" for North America's premier energy trading company? The stock price of Cisco Systems Inc. (CSCO), for example, saw an almost identical drop over a similar 12-month period. Nobody questioned the viability of Cisco.
The difference is that over the past few years, Enron has redefined itself as a company that runs on financial and intellectual muscle - not hard assets - and that focus is getting the company into trouble now that its credibility is in question.
If you're buying network components, you can probably stand some ambiguity in the finances of your supplier. After all, you're buying something you can touch. But if you're buying power or gas, what you're really buying is a commitment to deliver. If your supplier doesn't come through when the market gets tough, you're left totally exposed. In Enron's energy trading business, then, credibility at every level is critical.
For now, Enron looks to be more than viable. But the company's asset-light strategy might not be. Gross profits from trading have shrunk to 1.65% in the third quarter from 5.26% in the first quarter of 1998. Meanwhile, asset-heavy energy companies like Mirant Corp. (MIR) and Calpine Corp. (CPN) successfully use trading to optimize the performance of power plants and other infrastructure.
Two weeks ago, Enron reported a $618 million third-quarter loss, resulting from $1.01 billion in write-offs. That didn't send investors running, however. In fact, its stock price rose a bit on the news.
What hurt was the disclosure that Enron had reduced its net assets, or "shareholders' equity," by $1.2 billion as a consequence of unwinding positions in partnerships headed by former Chief Financial Officer Andrew Fastow. That, along with warnings of possible downgrades by credit ratings agencies and an inquiry by the Securities & Exchange Commission produced a $15.6 billion drop in Enron's market value.
On Monday, Moody's Investors Service followed through by downgrading its rating on Enron's senior, unsecured long-term debt to Baa2 from Baa1, leaving it two steps above junk-bond levels. The agency kept Enron's ratings on watch for further downgrade.
Long-Running Concerns

A 50% hit to shareholder value still seems like an overreaction to a 10% reduction in shareholders' equity. The stock price reflects the expectation of additional losses to be reported and Enron's loss of credibility. Enron executives in a conference call Tuesday insisted that the worst was behind them, but few on the call believed that.
For some analysts, Enron's revelations only fed long-running concerns about the company's lack of financial disclosure.
Cary Wasden, managing partner of Reed Wasden Research, has had a "sell" recommendation on Enron since March. Unlike the analysts at big Wall Street firms, Wasden isn't in the business of selling stock. His firm isn't involved in brokerage and isn't a hedge fund. Wasden gets paid for his research, and the company doesn't invest in the securities it covers.
A main Wasden concern with Enron is that the company has regularly included the proceeds from one-time sale of physical assets in operating income. His belief is that Enron has dramatically inflated its earnings for the past couple of years - a concern to which an Enron spokeswoman couldn't immediately respond.
"Don't believe by any means this is the end of the story," Wasden said.
Wall Street sell-side analysts have largely kept Enron as a "buy" or "strong buy" as the stock fell from $90 to $20. But even they are expressing concerns about the quality of Enron's reporting.
For now, the plunge in the price of Enron's shares and bonds, which last week started trading like junk-rated debt, hasn't hurt its credit standing with energy trading partners.
"We haven't changed our thinking regarding Enron or our policies and practices. We're watching it, and so is everybody else, but they are a solid company," Reliant Energy Inc. (REI) spokesman Richard Wheatley said in a typical reaction. "This is unfortunately a feeding frenzy regarding some dealings that I'm sure Enron will be able to come out of at some point."
Keeping Talent A Challenge

Enron is a big company - far too big to ignore. But continued deterioration in the price of its shares and bonds could lead counterparties to restrict their traders' transactions with Enron. If the company's investment-grade bonds continue to trade near levels traditionally considered distressed, risk managers won't be able to ignore it, whatever else Moody's does.
Assuming that doesn't happen, Enron still faces a tough road ahead. Like all companies, Enron is the combination of capital and talent. For financial companies, talent is the more important ingredient, and Enron has been suffering damage to its talent for some time.
New Chief Executive Jeff Skilling left in August, and a handful of his key lieutenants left earlier in the year. The losses can be expected to continue. Much of the top management cashed out when the company's stock price was high and moved on. Now middle management on down is angry and anxious to move on, if they haven't already.
Over the years, Enron has compensated its very talented labor with stock options to make up for base pay considered low by the industry. Those options are now nearly worthless. If Enron's debt-service costs rise, the company could struggle to attract the talent needed to generate income in its core business of trading energy in North America.
Some analysts would like to see more turnover at the very top. When Skilling left, nobody believed Skilling or Chairman Kenneth Lay's assurances that it was for "personal reasons." When CFO Fastow was forced out of his position last week, Lay said, "In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO."
That's putting words in Wall Street analysts' mouths. Who thought scapegoating Fastow was really the answer?
"I don't know anybody who said that," Wasden said. "What did the CFO do, what did Skilling do, that Ken Lay wasn't part of?"
Real change will have to come from without, Wasden said.
"Enron has been a cult, more than a company," he said. "Recruiting from within does nothing to change the company, it just changes the disciples. Enron needs to pull some top talent from outside."
Nevertheless, Wasden thinks Enron's stock has reached its natural floor and, if the company starts disclosing how it really makes money, it can recover over time.
"There are a lot of earnings that can be wrung out of really strong operating assets, like pipelines and power plants," he said.
That means paying more attention to the assets that Enron has spent the past few years denigrating. Given the bind Enron is in, Lay won't have much choice. Enron will survive, but it won't be the same company at all.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

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

OFFICIAL CORRECTION Enron long-term ratings downgraded to Baa2 - Moody's

10/29/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

(Moody's corrected its stance on Enron ratings to a downgrade)
NEW YORK (AFX) - Moody's Investors Service said it has lowered the senior unsecured long-term debt ratings of Enron Corp from Baa1 to Baa2 following a deterioration in Enron's financial flexibility since the company announced significant writedowns as well as equity charges in previously undisclosed partnership investments.
The long-term debt ratings remain on review for further downgrade, Moody's said.
Moody's also placed the company's Prime-2 rating for commercial paper on review for downgrade.
Moody's initially placed Enron's long-term debt ratings on review on Oct 16. The write-downs and equity charges led to a substantial loss in investor confidence that has led to a more than halving of Enron's share price and difficulties in rolling over commercial paper, according to Moody's.
In response to these events, Moody's said Enron has shored up its near-term liquidity position by drawing down on all of its committed revolving credit facilities and buying back its outstanding commercial paper, leaving the company with a net cash position of approximately 1.2 bln usd.
Moody's said it plans to focus on management's success in lining up further liquidity support and on their ability to retain credit availability from their major counterparties.
aw/gc For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

USA: Moody's cuts Enron to 2 notches above "junk".

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 29 (Reuters) - Moody's Investors Service on Monday cut embattled energy trading giant Enron Corp.'s senior unsecured debt rating to two notches above junk status, and warned it may cut that rating again, as well as its rating for Enron's commercial paper.
The rating agency cut Houston-based Enron's senior unsecured debt to "Baa2" from "Baa1," and said it may cut Enron's "Prime-2" commercial paper rating, which affects short-term debt. Its rating actions affect $13 billion.
Moody's said Enron is suffering from deteriorating financial flexibility since it announced big write-downs and equity charges from previously undisclosed partnership investments this month. This triggered "difficulties in rolling over commercial paper," Moody's said.
Enron, which has about $63.4 billion in energy assets, said on Monday it is talking with banks to get more credit, after last week drawing down $3 billion from a bank credit line to buy back its outstanding commercial paper.
Its shares traded Monday on the New York Stock Exchange at $13.75, down $1.75, or 11.3 percent. They have fallen 62 percent since Oct. 12, from $35.81.
Rating agency, Standard & Poor's, on Thursday revised its outlook for Enron's ratings to "negative" from "stable."

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

UK: Europe energy firms wary of Enron on credit worries.
By Stuart Penson

10/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 29 (Reuters) - Energy companies in Europe are shying away from trading with troubled U.S. energy group Enron amid concerns about the company's credit status, industry sources said on Monday.
Several large energy groups have frozen their dealings with Enron - one of Europe's biggest gas and power traders - as they hold urgent talks with the U.S. group about setting up new credit arrangements, the sources said.
"I think Enron's approach is to get the major counterparties back on board as quickly as possible and then hope the smaller ones will follow," said the head of risk management at one UK utility that halted its trade with Enron last week.
"They are talking with us about bank letters of credit," he said. "The people that are still trading with them are doing so on a very restrictive basis."
A spokesman for Enron's European headquarters in London headquarters declined to comment.
Reluctance to trade with Enron in Europe comes as the company tries to rebuild investor confidence after its stock hit five-year lows.
Triggering the slide was news last week the U.S. Securities and Exchange Commission is investigating huge losses relating to a private equity operation run by its former chief financial officer.
Houston-based Enron trades a large amount of its volume in the U.S. and Europe through its Internet EnronOnline system.
Last Friday the company said trade on EnronOnline was above average levels with more than 8,400 transactions at a notional value of approximately $4 billion.
Traders said Enron's plight could hit liquidity in European gas and power markets, where liberalisation has unleashed rapid growth in energy trading in the last couple of years.
One industry source cited a brokers list showing eight companies in the UK electricity market had put on hold their trading Enron, which is among the biggest five traders in the market.
In mainland Europe, where Enron has been a major driver of liquidity, potential counterparties are treading with care.
"We are avoiding them as counterparties - either by not trading with them or by using a 'sleeve' (a third party trader)," said a senior trader at one of Germany's big utilities, who declined to be named.
French traders said wariness about dealing with Enron had dampened liquidity although Enron was still in the market on Monday morning.
"Enron is a major player so counter parties are looking to see if there is a problem," said one French trader.

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

BANDWIDTH BEAT: Enron Puts Spotlight Back On Broadband
By Michael Rieke

10/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Thanks to Enron Corp. (ENE), the broadband sector again looks like a place to make money.
But it won't be traders who will cash in on this new potential. It will be class-action attorneys. They're already lining up to sue Enron in at least five shareholder suits.
As of Oct. 25, two of lawsuits had been filed against Enron in federal court and three more in Texas state court. Most of them name as defendants Ken Lay, Enron's longtime chairman, former Chief Executive Jeff Skilling and Andrew Fastow, Enron's chief financial officer until he was put on leave of absence Oct. 25.
Still another suit, which isn't a class action suit, was filed naming as defendants members of Enron's board of directors.
All the lawsuits concentrate on private investment partnerships Enron set up, many of them managed by Fastow. Most of the suits contend that it was a conflict of interest to have the Fastow partnerships doing complicated hedging transactions with Enron.
The transactions named in the lawsuits involved billions of dollars of underperforming assets in broadband, water and other Enron investments.
Fastow operated on both sides of some of those transactions. As Enron's chief financial officer, he was being paid to manage the corporation's finances. As general partner of two LJM partnerships, he managed the counterparties to billions of dollars of trades with Enron. He shared in profits of those partnerships.
When investors began demanding information about the transactions, Enron's share price began to slide. With the heat on, Enron recently unwound the trades with the partnerships and booked $544 million related to losses from early termination of the deals, among other things.
That's when the class action attorneys went to work. So far, at least 14 law firms are representing the plaintiffs. Enron didn't respond to calls asking about the lawsuits.
Among the law firms representing plaintiffs is Milberg Weiss Bershad Hynes & Lerach, which put out a news release announcing its lawsuit. The release points out that the firm has been responsible for recovering more than $30 billion from class action lawsuits.
The lawsuits bring up questions about the bandwidth trading market. Some of the deals with the LJM partnerships run by Fastow "purportedly involved hedging transactions in the broadband market," according to Abrams and Franks v. Enron et al.
That could tie into questions that have lingered in the bandwidth market for months. Market skeptics have said Enron and other energy companies are the only ones trading bandwidth.
Enron has reported that it has been trading with a growing number of counterparties, a total of 120 in the second quarter of this year, according to Enron.
Now market watchers will want to know if any of Enron's trades were done with the LJM partnerships managed by Fastow.
They will also want to know how many bandwidth trades were done with Chewco Investments. That Houston company, according to a report in The Wall Street Journal, was managed by Michael Kopper and was set up in 1997 when Kopper was a managing director with Enron's Global Equity Markets Group. He left Enron earlier this year to work for partnerships run by Fastow.
Do the plaintiffs' attorneys know whether Enron was trading bandwidth with any of those investment partnerships?
"I think if is too early to tell," Thomas Bilek of Hoeffner & Bilek told Bandwidth Beat. "As you know, (information) is coming out in drabs and dribbles from Enron."
It could be several months before plaintiffs' attorneys get a chance to ask Enron officials those questions, Bilek said.
It's also too early to tell what potential damages plaintiffs could win, said Steven Schulman, an attorney with Milberg Weiss. "At this point, you can only talk about it in terms of (shareholder) losses, and the losses are in the billions."
Total losses will depend on the price each shareholder plaintiff paid for the stock and the price at which each shareholder later sold the stock.
Enron's share price topped out between $90 and $91 in the summer of last year. It set a 52-week low Oct. 26 at $15.04. That spread leaves plenty of room for losses.
Schulman told Bandwidth Beat that the record for losses in shareholder cases is $11 billion in a case involving Cendant Corp. (CD). Damages are usually a substantial portion of losses, Schulman said.
"Whether (the Enron case) is bigger or less, I couldn't opine," he said. "This is a big case, by any means."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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


Jeff, here are my questions and comments:
Section II. A.  Do you think the 2.6 sentence is clear enough--meaning, they
couldn't take this to mean they have a 10% daily tolerance on their
nomination, just a 10% monthly nomination.

Section II.B.  4.1--As discussed, we need to add the words "LDC or interstate
pipeline" after the word applicable in the third to the last line.

Storage section:
Need to add a 5% tolerance to their monthly storage nomination.
Then, we need to add a mechanism to handle their being off from that first of
the month storage nomination.
The concept should be this:
If they are within 5% of their monthly storage nomination (in the paper pool
or bank in Ed McMichael's proposal) but not at exactly 100% of the
nomination, this volume variance will be rolled to another month and the
proxy schedule amended.  The parties must  mutually agree to the month the
hedges will roll to (protecting us if we have already rolled some hedges for
our own benefit), with the financial impact of these hedge changes being
borne by CES.
If they are outside the 5% monthly nomination, the volume outside the 5% will
be handled as follows:
If storage takes are less than 95% of the Monthly storage nomination, the
volume that falls in this category will be sold to ENA at the lower of (i)
the average of the five lowest current month prices as published in Gas Daily
for the applicable location; or (ii) the following month's Inside FERC or NGI
monthly index, as applicable, minus $.01.  If storage takes are greater than
105% of the Monthly storage nomination, that volume will be purchased by CES
at the greater of (i) the average of the five highest current month prices as
published in Gas Daily for the applicable location; or (ii) the following
month's Inside FERC or NGI monthly index, as applicable, plus $.01, plus any
applicable transportation and storage injection or withdrawal costs.

I have not proposed this exact process to Melissa yet, but I have left her a
message that I want to discuss this.   I'll let you know how that goes, but I
think this is a reasonable concept.  The only question is....will she think
so?

Jenny Helton
01/24/2000 04:12 PM
To: Robin Barbe/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Billy
Lemmons/Corp/Enron@ENRON, Ed McMichael/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Colleen Sullivan/HOU/ECT@ECT
cc:
Subject: Columbia Energy Services Corporation ("CES")

  Per Jeff Hodge.

Here is an initial draft of an Agreement to finalize the retail issues.
Please note that I have not included anything on gas buy back yet.  I would
like to get some confirmation on that issue before drafting.

Otherwise, your thoughts and comments will be appreciated.  I look forward to
hearing from you.


----- Forwarded by Rex Shelby/Enron Communications on 10/03/00 10:22 AM -----

	Rex Shelby
	09/29/00 03:56 PM

		 To: EBS Mass Mailing@Enron Communications
		 cc: greg.whalley@enron.com, jeff.skilling@enron.com,
sanjay.bhatnagar@enron.com
		 Subject: i2 NETWORK DEAL IS SIGNED !

Hello --

We have i2's signature on the VBN network contract.  The contract is a 3-year
VBN deal covering certain i2 locations in the U.S., Europe, Asia, and India.
The TCV of the deal is $14.8 million.

This is one of the first major external VBN deals for Enron and has been
instrumental in shaping the VBN offering.  It also brings an anchor network
client to our Tokyo and India sites.  The interactions with i2 on this
agreement have also contributed to our understanding of which BOS features
are most desired by customers.

The i2 deal is the result of a lot of hard work and persistence by a number
of folks throughout EBS and other Enron groups.  Just about everyone in EBS'
Technology Channels Group contributed to the i2/Enron relationship that
culminated in the network deal.  Particular thanks to Mike Haney who led the
team through multiple iterations of the deal structure.  Special thanks to
David Berberian, Erin Wesling, and Brad Harris who spent lots of time on the
contract and the network design work with i2.  Thanks also to LaRence
Snowden, Tony Gilmore, and Beaven Fernandez of TDS, Steve McCarrel of Legal,
Wayne Gardner of Tax, and Laura Leibman of Regulatory who helped throughout
the course of the deal structuring and to  Everett Plante, Larry Ciscon, and
Kenny Burroughs and their teams who provided input on BOS and network
topics.  In addition, thanks to the Enron India team who supported the deal
throughout the design and negotiation process.

i2 has remarked often on the professionalism and collaborative spirit of the
Enron team throughout this process.  Enron is now i2's preferred network
provider, and we are poised to provide the rest of i2's data network
worldwide as soon as the design specifications are completed by i2.  Thanks
again to the entire team on your success.  Best regards.

-- Rex


Marianne,

	Would you let me know how you are doing on the revisions that we discussed to your good due diligence memo in this matter?  There is another joint defense conference call coming up on Thursday at 1:30, and I'd like to see where you are.  FYI, AEP's attorneys have agreed to allow me to speak with Steve Schneider of HPL about what he recalls any Enron entity had down in Zapata County.  I have a call in to Steve and hope to speak with him before 2:30 today or tomorrow morning.

	Many thanks.

	Britt


attached is redrafted language which can "stand alone" or we can also
incorporate the chart. (Jared, I think you have some prior language we can
use, and we may have to rename one or two parts of the chart).  SS


Who will be helping me with this confirmation?


Did you already sign? I'm happy to see if we sort out any confusion on wording later but I think we need to get a signed copy from you asap.
 -----Original Message-----
From: 	Brawner, Sandra F.
Sent:	Monday, November 26, 2001 11:05 AM
To:	Oxley, David
Cc:	Brawner, Sandra F.
Subject:	Amendments

David,

Per a conversation with John Lavorado he mentioned that an amended agreement was coming for my signature.  I was curious as to when I should be expecting the amended agreement, could you confirm please.


Post id's for today

1457408
1457409
1457410
1457411
1457412
1457413
1457414

Kam
x3-5781


Andrew, Gerald

Attached is the meeting notes from a 1 hour meeting we had with Cantera
Resources and Tom Brown on April 24.  We will be meeting with them again on
Monday, May 7 in Dallas.  This meeting will involve the president and
operations manager of Cantera as well.  While the last meeting was more of
introductions and high level "where we are"  and "what are the issues"
discusssion, this meeting will be more definitive where we plan to discuss
the pressure and curtailment issues in more detail, and we will be
discussing moving the Entrada from San Arroyo to our plant.  I am sure they
will also want to discuss some sort of agreement for us to move foreward
together on the low-Btu project.   Tom Brown representatives will be
involved via phone - as they must until the deal closes.  We told Cantera it
may be a very short meeting as there are certain things we won't talk about
in front of Tom Brown.

In our meeting on Monday - which will start at noon with lunch, I want to be
able to show them a couple of things.  I want to show them Graphs 2-2.1-A
and 2-2.1-B and Figure 2-2.2 out of section 3 of the Contract Issues book I
gave you.  I want to also show them Graphs 3-2.1-A and 3-2.1-B and Figures
3-1 out of section 4 of the book.   I was not planning on discussing the
monitary value associated with these graphs (the sum of these issues totals
just under $1MM economic harm to Crescendo as I calculated from June through
December 2000.)

Andrew, I will call you in the morning to discuss in more detail what we
should and should not show them or discuss concerning the issues.  I will be
on my cell phone at 915-349-8223 all morning.

Thanks,

Ken Krisa

 - meeting notes 4-24-01 Cantera.doc


Hello All and Happy Monday!

Friday, May 31 will be my last day with Enron.  Beginning June 1, Khymberly Booth will be your HR contact.  Khymberly will be coming to Portland next week to meet  you and get acquainted.  She will arrive on Monday, 5/13 and will be here all day Tuesday, 5/14 and Wednesday morning.

Tuesday morning (5/14) at 11:00 AM, an All-Employee Meeting is scheduled.  Khymberly will give an HR update and answer questions.  A conference call-in number will be established so those who are out of town may call in.

Also, if any of you would like to meet with Khymberly, please let me know and I will block out time for you on her calendar.

Thanks!  Let me know if you have any questions!

Julie K


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/27/2000
04:35 PM ---------------------------

MPakulski@bjservices.com on 03/27/2000 12:30:25 PM
To: vkamins@ect.enron.com
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: INVESTMENTS

Hi Vicek,

Fuel Cells
A scientist at The University of Pennsylvania discovered a material for
fuel cells electrodes which has a potential for common applications.
Everything known before would plug-up a cell.

Biochemistry
What do you thing about Martek Biosciences (MATK).  It is the only company
in the world producing polyunsaturated fatty acids (nutritional oils).
According to very recent research results their product added to baby
formula substantially increases IQ of babies.  They are quite small now ;
however, already have licenses in several countries.  Martek is still
waiting for FDA approval in US.  Competitive product, fish oil is
contaminated with other undesired compounds.

Are you going to Poland anytime soon?

Marek


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 09/07/2000
08:46 AM ---------------------------

"Jennifer Cutaia" <jcutaia@tupac.com> on 09/07/2000 08:16:54 AM
To: Judy.Hernandez@enron.com, Silvia.Garcia@viatel.com,
RosiePelzer@altavista.com, Crystal.Reyna@enron.com, Norma.Chavez@enron.com,
Laura_Tietje@yahoo.com
cc:
Subject: [Fwd: Fwd: (don't ignore)]

>Date: Wed, 6 Sep 2000 18:32:08 -0700 (PDT)
>From: "Laura G. Tietje" <laura_tietje@yahoo.com>
>Reply-To: laura_tietje@yahoo.com
>Subject: Fwd: (don't ignore)
>
>
>Note: forwarded message attached.
>
>
>=====
>Laura Gene Tietje
>                                  (laura_tietje@yahoo.com)
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Mail - Free email you can access from anywhere!
>http://mail.yahoo.com/
>Note: forwarded message attached.
>
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Mail - Free email you can access from anywhere!
>http://mail.yahoo.com/
>
>
>>From: "SUPER DITZ" <blonde_angel_87@hotmail.com>
>>To: dubosejr87@aol.com, ashley_nc13@hotmail.com, bmf200013@aol.com,
>>LtleMsBrit@aol.com, NoPennyFXWise@hotmail.com, cornn05@aol.com,
>>rancraig1@hotmail.com, FLYGUY7038@aol.com, denaquin@flash.net,
>>emgoose07@aol.com, rsyoakum@dellnet.com, jamiew86@aol.com,
>>mini_monster69@hotmail.com, angel_chic87@yahoo.com,
>>frenchtoast53@hotmail.com, doubledribble22@aol.com,
>>laughinggas101@juno.com, kat200018@hotmail.com, BOOTY1700@aol.com,
>>jane.yoakum@compaq.com, princess_rachelle@hotmail.com,
>>incredibly_stupid_39@hotmail.com, cmm331@excite.com, Smilez8P@aol.com,
>>sassykat137@hotmail.com, wacky.v.v@n2dogs.com
>>Subject: Fwd: Re: (don't ignore)
>>Date: Fri, 01 Sep 2000 12:02:38 CDT
>>MIME-Version: 1.0
>>X-Originating-IP: [207.18.199.151]
>>Received: from 207.18.199.151 by lw9fd.law9.hotmail.msn.com with HTTP;Fri,
>>01 Sep 2000 17:02:38 GMT
>>
>>
>>
>>
>>>From: "NoPennyFXwise" <NoPennyFXWise@hotmail.com>
>>>To: "Your Daddy" <activerider00@hotmail.com>, "Yoakum, Jane"
>>><Jane.Yoakum@COMPAQ.com>, <TMYALTAIR@aol.com>, <Ravingmadman4@aol.com>,
>>><Pevency@aol.com>, <kholloman@totacc.com>, "Jenilyn Yoakum"
>>><blonde_angel_87@hotmail.com>, "Joilea" <jewels@ltw.net>
>>>Subject: Re: (no subject)
>>>Date: Thu, 31 Aug 2000 16:56:41 -0500
>>>
>>>
>>>----- Original Message -----
>>>From: Joilea <jewels@ltw.net>
>>>To: Andrew Joe <ghostman88888@hotmail.com>; Andy <Staindfan3@hotmail.com>;
>>>cxberpunk <cxberpunk@aol.com>; Dean (my boyfriend)
>>><nopennyfxwise@hotmail.com>; Erin Brown <erinb622@excite.com>;
>>>ixzer0xl@aol.com <ixzer0ql@aol.com>; Jake <jakewest@ev1.net>; Kat
>>><kat17@ev1.net>; Mikki <crimsonangel_420@hotmail.com>; Mom
>>><mbrowder@ltw.net>; Rachel <lcdietz@earthlink.net>; Samantha
>>><girlvision@ltw.net>; Tim <slipknot29845721@aol.com>; Trisha
>>><pacebaby13@aol.com>; Vernon <blond_hazel_2000@yahoo.com>; Dad
>>><dbrowder@ltw.net>
>>>Sent: Wednesday, August 30, 2000 9:32 PM
>>>Subject: Fw: Re: (no subject)
>>>
>>>
>>> > :
>>> > >    > I had on new clothes,
>>> > >    >  > > > >  New sneaks on my feet.
>>> > >    >  > > > >  I was there for class on time,
>>> > >    >  > > > >  Went to the back and took my seat.
>>> > >    >  > > > >  Yeah, I'm moving up,
>>> > >    >  > > > >  I'm already grown.
>>> > >    >  > > > >  Soon I'll be graduating,
>>> > >    >  > > > >  And out on my own.
>>> > >    >  > > > >  I talked to some of my friends,
>>> > >    >  > > > >  We were all having fun.
>>> > >    >  > > > >  Said some things I shouldn't have said,
>>> > >    >  > > > >  Did stuff I shouldn't have done.
>>> > >    >  > > > >  I knew I was different.
>>> > >    >  > > > >  I felt God touch my heart,
>>> > >    >  > > > >  I knew I should set a standard,
>>> > >    >  > > > >  But then I'd be set apart.
>>> > >    >  > > > >  Walking to the bus,
>>> > >    >  > > > >  I was not looking for strength.
>>> > >    >  > > > >  I heard the car tires screeching,
>>> > >    >  > > > >  But now it's too late.
>>> > >    >  > > > >  I'm standing in this room,
>>> > >    >  > > > >  And I can see the heavenly gate.
>>> > >    >  > > > >  Oh no! I never prayed.
>>> > >    >  > > > >  I thought I had time to get it straight.
>>> > >    >  > > > >  An angel walked to me,
>>> > >    >  > > > >  He had a book in his hand.
>>> > >    >  > > > >  I knew it was the Book of Life,
>>> > >    >  > > > >  When would this dream end?
>>> > >    >  > > > >  I told him my name,
>>> > >    >  > > > >  And he began to look.
>>> > >    >  > > > >  Then he looked at me sadly and said,
>>> > >    >  > > > >  Your name is not in this book.
>>> > >    >  > >  > >  Angel, this is a dream,
>>> > >    >  > > > >  No, I can't be dead!
>>> > >    >  > > > >  He closed the book and turned away,
>>> > >    >  > > > >  He whispered - You cannot proceed ahead.
>>> > >    >  > > > >  No...no this can't be real,
>>> > >    >  > > > >  Angel, you can't turn me away.
>>> > >    >  > > > >  Let me talk to God,
>>> > >    >  > > > >  Maybe he'll let me stay.
>>> > >    >  > > > >  He led me to the gate,
>>> > >    >  > > > >  Jesus came to me.
>>> > >    >  > > > >  He did not let me in but said,
>>> > >    >  > > > >  Beloved what is your need?
>>> > >    >  > > > >  Jesus, I cried, please,
>>> > >    >  > > > >  Don't cast me away from you.
>>> > >    >  > > > >  Tears ran down his face as he said,
>>> > >    >  > > > >  You knew what you needed to do.
>>> > >    >  > > > >  Lord, please I'm young,
>>> > >    >  > > > >  I never thought I would die.
>>> > >    >  > > > >  I thought I'd have plenty of time,
>>> > >    >  > > > >  Death caught me by surprise.
>>> > >    >  > > > >  Lord, I went to church,
>>> > >    >  > > > >  Please Jesus, I believe.
>>> > >    >  > > > >  He said you would not accept me,
>>> > >    >  > > > >  My love you would not receive.
>>> > >    >  > >\> >  Lord, there were too many hypocrites,
>>> > >    >  > > > >  They weren't being true.
>>> > >    >  > > > >  He took a step back and asked,
>>> > >    >  > > > >  What does that have to do with you?
>>> > >    >  > > > >  Lord, my family claimed to be saved,
>>> > >    >  > > > >  They weren't real. You know.
>>> > >    >  > > > >  He said, I died for you,
>>> > >    >  > > > >  Now I have to go.
>>> > >    >  > > > >  I fell to my knees crying to Him,
>>> > >    >  > > > >  Lord, I planned to be real tomorrow.
>>> > >    >  > > > >  I couldn't, make Him understand,
>>> > >    >  > > > >  I had never -- felt such sorrow.
>>> > >    >  > > > >  Then it hit me hard, I said,
>>> > >    >  > > > >  Lord, where will I go?
>>> > >    >  > > > >  He looked into my eyes and said,
>>> > >    >  > > > >  My child you already know.
>>> > >    >  > > > >  Please Jesus, I begged,
>>> > >    >  > > > >  The place is so hot.
>>> > >    >  > > > >  It seemed to trouble and grieve him,
>>> > >    >  > > > >  He whispered, DEPART FROM ME, I KNOW YOU
>>> > >    > NOT.
>>> > >    >  > > > >  Lord, you're supposed to be love,
>>> > >    >  > > > >  How can you send me to damnation?
>>> > >    >  > > > >  He replied, With your mouth you said you
>>> > >    >  > loved me,
>>> > >    >  > > > >  But each day you rejected my salvation.
>>> > >    >  > > > >  With that in an instant,
>>> > >    >  > > > >  Day turned into night.
>>> > >    >  > > > >  I never knew such torture could be,
>>> > >    >  > > > >  Now too late, I know the Bible is right.
>>> > >    >  > > > >  If I can tell you anything,
>>> > >    >  > > > >  Hell has no age.
>>> > >    >  > > > >  It is a place of torture,
>>> > >    >  > > > >  Separated from God and full of rage.
>>> > >    >  > > > >  You know, I thought it was funny -- a
>>> > >    > joke,
>>> > >    >  > > > >  But this one thing is true.
>>> > >    >  > > > >  If you never accept Jesus Christ,
>>> > >    >  > > > >  HELL IS WAITING FOR YOU!
>>> > >    >  > > > >  So please, ask Him into your heart.
>>> > >    >  > > > >  Please show this to everyone you care
>>> > >    > about.
>>> > >    >  > > > >  (((which should be everybody)))
>>> > >    >  > > > >  IF SOMEONE HAD A GUN HELD IN FRONT OF YOUR
>>> > >    >  > FACE,
>>> > >    >  > > > >  AND ASKED YOU IF YOU BELIEVED IN GOD,
>>> > >    >  > >
>>> > >    >  > > > >  WHAT WOULD YOU DO?
>>> > >    >  > >SAY NO AND FEEL ASHAMED THE REST OF YOUR LIFE?
>>> > >    >  > > > >
>>> > >    >  > > > >  OR SAY YES, I DO, AND DIE STANDING UP FOR
>>> > >    >  > GOD?
>>> > >    >  > >
>>> > >    >  > >
>>> > >    >  > > > >  IF YOU'D SAY NO, THEN DELETE THIS E-MAIL.
>>> > >    >  > >
>>> > >    >  > > > >  IF YOU WOULD STAND UP FOR JESUS CHRIST,
>>> > >    >  > > > >  THEN SEND THIS TO ALL YOUR FRIENDS AND THE
>>> > >    >  > PERSON WHO
>>> > >    >  > > > >
>>> > >    >  > > > >
>>> > >    >  > > > >  SENT IT TO YOU. WETHER THEY ARE
>>> > >    >  > >
>>> > >    >  > >
>>> > >    >  > >SAVED...UNSAVED...BELIEVING...AND UNBELIEVING
>>> > >    >  > >
>>> > >    >  > > > >   Never mind the storm. When you're one
>>> > >    > with
>>> > >    >  > God, there is always a
>>> > >    >  > >
>>> > >    >  > > > >  rainbow waiting.
>>> > >    >  > >
>>> > >    >  > >
>>> > >    >  > > > >   PEACE & BLESSING
>>> > >    >  > > >>
>>> > >
>>> > >
>>> > >   __________________________________________________
>>> > >   Do You Yahoo!?
>>> > >   Yahoo! Mail - Free email you can access from anywhere!
>>> > >   http://mail.yahoo.com/
>>> > >
>>> > >
>>> >
>>>_________________________________________________________________________
>>> > >   Get Your Private, Free E-mail from MSN Hotmail at
>>> > http://www.hotmail.com.
>>> > >
>>> > >   Share information about yourself, create your own public profile at
>>> > >   http://profiles.msn.com.
>>> > >
>>> > >
>>> > >
>>> > >
>>> > >
>>> > > _______________________________________________________
>>> > > Say Bye to Slow Internet!
>>> > > http://www.home.com/xinbox/signup.html
>>> > >
>>> > >
>>> >
>>> >
>>
>
>_________________________________________________________________________
>Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
>Share information about yourself, create your own public profile at
>http://profiles.msn.com.

------------------------------------------------------------
Visit the Tupac Shakur website at http://www.tupac.com
Play "Who Wants To Be A Tupac Fan" and win big!
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[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       Technicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek   Technical Research Ltd.   Charts & News featuring Standard & Poor's       Interest Rates   US: Japan: Eurozone: UK: Switzerland:   2.0%  0.15%  3.25%  4.0%  1.75-2.75%       [IMAGE] 	 [IMAGE]  Dollar Gives Back Friday's Gains, But Bull Still Stands  November 26, 7:00 AM: EUR/$..0.8817 $/JPY..124.02 GBP/$..1.4177 $/CHF..1.6625  Dollar Gives Back Friday's Gains, But Bull Still Stands by Jes Black  No Key Data Today   The dollar fell further in European trade, giving back all of last Friday's gains after it soared to new 15-week highs against the euro and yen at 87.37 cents and 124.48 respectively, as well as a new 4-month high against the pound sterling at $1.4042. EUR/USD regained key support at 87.50 followed by 88.10 and climbed to a session high of 88.32, stopping just short of last week's highs around 88.35. EUR/USD resistance stands at 88.40 followed by 88.80.  GBP/USD also regained support at 1.4120 and rose to a day's high of 1.4203 before meeting tough resistance around the 1.42 figure.  However, the correction in USD was seen as temporary as today's movement came on the back of a large buy order squeezing dollar shorts in the market. Dealers say there appears to be no demand to chase squeezes or go short USD at these levels, which should mean the dollar is likely to remain strong. Therefore, dealers still see a rally in EUR/USD towards 88.80 to be sold as the bear trend should resume this week targeting 87.20 followed by 86.75.   After earlier action, the FX market appears to have moved into a steady range ahead of the return of US dealers after the long holiday weekend. However there is no major data due today and markets will instead focus on Eurozone and US Q3 GDP figures due on Thursday and Friday as well as the Morgan Stanley Capital International index changes at the end of the week. US Q3 GDP is expected to contract by 0.8% while the Eurozone could grow by 0.1%. Important to the markets this week will be any indications contrary to the prevailing notion of the US economy recovering in the second half of 2002. This prevailing sentiment has been key to the recent rally in US equities and the dollar.  In addition, the Fed's commitment to growth is another reason the dollar has performed so well despite the near certainty of a recession. It is also explains why the Morgan Stanley Capital International index is expected to be reweighed in favor of US equities at the end of this month. According to the adjustments MSCI will make, Japan, France and Germany are likely to see a net outflow of capital, while the UK and US will be on the receiving end.  Markets will also focus on the Federal Reserve's Beige Book on Wednesday because it will give a good indication for the Fed's next interest rate policy meeting on December 11. With parts of the economy showing signs of a turnaround, the probability of further aggressive easing by the Fed has diminished. Markets have priced in only a 30% chance that the Fed will ease by 25 bp next month. Large gains in US equities have helped rein in the Fed's accommodating policy. The S?500 is up over 15% from its September lows, and as investors show an increasing appetite for risk, a huge amount of money sitting on the sidelines is waiting to get a better return than in the money market. The US is likely to remain the preferred destination for international portfolio flows, which should add to the recent momentum in the USD index, which has risen by 5.6% to its highest level since late July at 117.78, and is now less than 3% away from hitting its 15-year high reached in early July.  Meanwhile, JPY came under fresh pressure following the S&P's announcement that it may downgrade Japan's AA+ sovereign debt rating by two notches. USD/JPY rose to 124.35 but could not break key technical resistance around 124.45/50. Markets were not surprised by the news, which was expected, and sentiment was already bearish after the rating agency Fitch downgraded Japan by one notch earlier today. USD/JPY fell below 124 yean to session low of 123.95 after failing to break key technical resistance around 124.45/50. USD/JPY faces resistance 124.50 followed by the Aug 01 high of 125 and 125.25-30. Support is now seen at 124.00 followed by 123.50 with follow-up foundation at 122.75.  In other news, BoJ Governor Hayami said foreign bond buying was not an urgent issue. This could be seen as yen supportive. However, earlier in the day FinMin Shiokawa said he had not heard from the central bank about the possibility of the BoJ purchasing foreign bonds as part of its monetary policy operations. Therefore, his comment suggests that the BoJ acknowledges foreign bond buying is possible which would be yen negative, thus making today's impact on JPY a wash. Recall that JPY came under pressure last week following an article in the FT citing the US administration's acceptance of the BoJ buying US T bills.  GBP/USD also regained support at 1.4120 and rose to a day's high of 1.4203 after plunging to a 4-month low of 1.4042 on Friday. Sterling stumbled following Prime Minister Blair's speech which showed strong enthusiasm for the UK joining European Monetary Union. In the past, any reference has caused a knee jerk reaction. However, given the uncertain time frame and the need for the 5 economic criteria suggested by Treasury Minister Gordon Brown to be met, GBP recovered all of its losses. EUR/GBP also fell to a session low of 62.10.  USD/CHF fell to a session low of 1.6588 but continues to trade in a comfortable range of 1.65 to 1.67 since surging over 5 centimes two week's ago to a high of 1.6753. It will be a key week ahead for the Switzerland, with Q3 employment data due on Tuesday followed by the October KOF indicator on Friday set to show more weakness in business activity. Meanwhile, inflation data for November should show a large decline as oil prices fall worldwide.  	[IMAGE] Audio Mkt. Analysis USD on a Tear After S?warning, Ifo, Umich Survey       Articles & Ideas  Sideways Action, Then Weaker Euro Ahead   USD/JPY: The Next Level       Articles & Ideas Forex Glossary   Economic Indicators   Forex Guides   Link Library      [IMAGE]
		[IMAGE][IMAGE] [IMAGE][IMAGE]
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Daren,
Do you have any information on these deals?  We cannot collect the cash from
Midcon if we can't prove to them the
deals are valid.

Thanks,
Kris

Tina Valadez
03/29/2000 09:19 AM
To: Kristen J Hanson/HOU/ECT@ECT
cc:
Subject: Jan & Feb Midcon Invoices

---------------------- Forwarded by Tina Valadez/HOU/ECT on 03/29/2000 09:17
AM ---------------------------

Tina Valadez
03/27/2000 08:52 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Jan & Feb Midcon Invoices

Pat Dresner (accountant) at Midcon Texas says she does not show these deals
in her system and she can not pay on them.  You created the deals in Sitara
and I don't have another trader's name.  Could you please talk to your KN
trader regarding this situation?  If Midcon really got this gas, then someone
at KN should tell their accountant about the deal.

Prod Mo. Entity     Point  Volume  Total Amount  Sitara #
1/2000  Midcon Texas Gas Services Corp. 0984132 20000  $51,600.00 157006
2/2000  Midcon Texas Gas Services  0984132 36000  $90,900.00 166523
2/2000  Midcon Texas Pipeline Corp.  0984132 80,000  $206,800.00 170133

Please let me know as soon as possible what you find out.  The 2/2000
production invoices are due to be paid 3/27.

Thank You,
Tina Valadez
3-7548


Sorry about the late delivery.
Regards
jr


----- Original Message -----
From: mark.lay@solutioncompany.com
To: Robert  "Beau" Herrold  ; Linda Lay
Sent: Monday, October 29, 2001 6:39 AM
Subject: Take it to them
Last night, I opened up my Bible and found myself reading about  King
Hezekiah.  The bullet points are these:
1.  Hezekiah was  the most Godly man,
5 He trusted in Jehovah, the God of Israel; so that after  him was none like
him among all the kings of Judah, nor among them that were  before him.
  2 Kings 18:5 (ASV)
2.  The Assyrians surrounded  his city with a great army.
3.  He went to God with great faith and  honored God.
4.  God sent an angel
35 And it came to pass that night,  that the angel of Jehovah went forth, and
smote in the camp of the Assyrians  a hundred fourscore and five thousand:
and when men arose early in the  morning, behold, these were all dead bodies.
  2 Kings 19:35  (ASV)
I don't know if he intervenes like this in corporate affairs, but  if we seek
His guidance, how can we lose.  Take care of  yourselves.
Love,
Mark
P.S. If you think this would help Dad,  please send it to him.
Mark Lay
713-552-9518
CONFIDENTIALITY  STATEMENT:
This information is intended only for the use of the individual  or
entity to which it is addressed and may contain information that  is
confidential under applicable law.  If you are not the intended  recipient,
you are hereby notified that any dissemination of this information  is
strictly prohibited.  If you have received this information in error,  please
notify us immediately by telephone at (713) 552-9518 or by fax at  (713)
552-9403, and confirm that you have destroyed this information and  any
copies.
Thank you.


The macro in this file will query all official books for given Portfolio and
Book codes.  Use it to make sure all your postid's that need to be, are
officialized each night.  Thanks.

DG
---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/17/2000
12:19 PM ---------------------------

	Enron North America Corp.

	From:  Dutch Quigley                           10/17/2000 12:05 PM

To: Jeffrey C Gossett/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, William
Kelly/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT
cc:
Subject: Post ID file

To run this file all that has to be done is enter the date and have the
Portfolio and Book CD entered in also.
Information should only be entered into the yellow areas.

Let me know if any one has any questions.

Dutch
3-9257


Thank you for making your travel plans with Travelocity.com.
We have issued your ticket for the following reservation.
We suggest that you save this notification for reference should
you need to contact us concerning your tickets.

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You have been issued paper tickets.  You will receive your
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PHILIP SMITH
6386 SHAKER TRACT RD
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832-444-7702
HXLHXN FEDEX

YOUR FEDEX TRACKING # IS:499125897063
THE EXPECTED DATE OF DELIVERY IS 19NOV

You may use this number to track your FedEx delivery online at www.fedex.com.

The Federal Aviation Administration now requires that you have a
photo ID and a printed passenger receipt or paper ticket for travel.

You may view all your pending travel plans online through the
"My Stuff" feature on Travelocity.com: Go to www.travelocity.com,
select "My Stuff", then select the trip you wish to review.

Plan to arrive at the airport at least 2 hours prior to
departure.  The following increases in security measures should
also be expected:

*  No Curbside check-in for baggage
*  No parking or waiting at curbs
*  Only ticketed passengers will be allowed past security
   checkpoints
*  All carry-on baggage will be subject to search
*  No knives of any kind will be allowed on airplanes

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NOTICE: Travelocity.com maintains a facility in San Antonio,
Texas.  For this reason, your credit card company may place
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and carrier name in the explanation line on your statement

-------------------------------------------------------------HXLHXN


At the meeting yesterday, SoCalGas outlined their plan for implementing the unbundling of their backbone system including a proposed timeline which will be filed at the CPUC on Jan. 17, 2002.  Lad Lorenz state that the proposal is "not cast in concrete" and invited comments at the meeting as well as in response to the filing.  However as you might expect, when some customers expressed their concern with the timeline being too short, SoCal made no offer to push some of the dates out into the future and stuck with their proposal.  All of the proposed dates are their best estimate for timing as variables such as the system requirements may cause delays and rescheduling of some portions of the implementation plan.  Key items and dates are as follows:

Jan. 17		SoCalGas files its proposed Implementation Plan and timeline.

Feb. 14		Meeting with CPUC Energy Staff and Interested Parties.  Tariff Workshop.

Feb. 22		SoCalGas files tariffs including a definition of Annual Average Usage for existing end-use customers.
		This definition is important as it determines their capacity rights in the Open Season.

Mar. 15		50 mmcf/d of capacity at North Needles to be placed into service.

May 6		Distribution of informational packages on Backbone Receipt Point Rights to customers.

May 29		Begin Phase I of the Open Season.

June 5		Phase I Open Season ends.  See Slides 55 through 57 for all other Open Season dates.

June 22		SoCal will post awarded receipt point capacity.

July 1		Implementation of unbundling the backbone receipt point services.

Slide 13		Indicates North Needles has 800 mmcf/d of capacity
		This was described as "primarily Transwestern"

Slide 15		The Core backbone receipt point capacity at Needles is set at 313 mmcf/d.

I'm faxing an entire copy of the presentation to Marketing and Regulatory Affairs for distribution and review.  Slides 11-21 describe the Backbone Receipt Services and Slides 50-63 provide the proposed timeline for implementation.  Please give me a call if you have any questions about SoCal's proposal.  gh


Sally - per our discussion, I have removed the following names from the NETCO organization chart which was submitted to Louise today. Bob - we need to communicate to these individuals that they are still on the NETCO list but will be transferred at a later date, which is still to be determined.  I have relayed this information to Faith Killeen and her team who is trying to reconcile our budget with the NETCO list.  If you have any questions, please let me know.  Thanks, Leslie

Michelle Bruce
Kris Hanson
Dale Neuner
Donnie Vinson
Laura Dewitt
Donnie Myers


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Hi Mark,

Thanks for the analyses and the rapid turnaround.  It's great working with
you.

Attached is your spreasheet with a couple of summary plots that you might
find interesting.  I have included the previous results you generated for the
case where no filtering on wind direction was done.

The results indicate to me that the additional filtering of the data is
overall improving the accuracy of the free-stream wind speed estimation
(based on the mean nacelle wind speed and mean wind speed ratio), but at the
cost of larger standard error because of the reduction in number of samples.
Therefore, it seems that additional filtering might not be so valuable
afterall.

Any comments?

Philippe


Further to our conversation of the other day, we have compiled some information on political contributions by other corporations.

Please see attached spreadsheet.  As you will note, energy companies are already heavily slanted to the Republican party (as are Pharmaceuticals for the most part).  The interesting one is the financial sector, where contributions are more evenly split with one (Bank of America) heavily slanted to the Democrats.  Have a look and let's talk.

 -----Original Message-----
From: 	O'connell, Earlene
Sent:	Monday, July 23, 2001 5:13 PM
To:	Linnell, Elizabeth
Cc:	Kean, Steven J.
Subject:	RE: Research
Importance:	High

Good afternoon-

I have pulled the information that you requested and the attached document outlines the findings.  Per your request, the data compiled is a sampling of soft money donations for the 1998-2002 cycle for the Energy, Financial, and Pharmaceutical industries.  This was ready for you last night, but I decided to dig a little deeper and have provided additional data that you may find useful.

I looked at the specific industry for the companies that you requested and then I backed up to the "Overview" for the industry.

In "The Center for Responsive Politics" website, the "Top Recipients" are based on contributions from PACs, soft money donors, and individuals giving $200 or more. Due to the voluminous nature of the Top Recipients listed, I printed them out and they are available for your perusal.  On the spreadsheet, I continued the analysis on the Top Recipients and what was donated, in the election cycles 1998 - 2000, across the 3 industries.   Because you asked for a combination of Oil & Gas Companies and Electric Utilities, I showed Electric Utilities and Oil & Gas data, separately and then combined.

Numbers that are listed in "bold" indicate the group who had the largest donations within each research area.  The split on the "Top Presidential Democrat and Republican Candidates" are calculated from the "Overview of Sectors '98 - '00".

If you have any questions please feel free to contact me.

Thanks!

______________________________
Earlene O'Connell
Enron Corp.
Public Affairs
earlene.o'connell@enron.com
713-853-7870

 -----Original Message-----
From: 	Linnell, Elizabeth
Sent:	Friday, July 20, 2001 10:05 AM
To:	O'connell, Earlene
Subject:	Research

Please pull information on the soft money federal contributions by the following organizations:

Duke
Dynegy
Mirant
Southern
Williams

Various financial institutions

Eli Lilly and other pharmaceuticals

We're interested in their overall spend, their party split, and the individual candidates they're contributing to.

Thanks.


The Club's board of directors and I would appreciate your consideration of
the following opportunity to give back to our community. The board is
particularly excited to bring this to your attention as one of recent
graduates, a Houstonian, and now a club member, Dona Kim, is spearheading
this initiative.

	Sincerely,
	James F. Hughes III, '79
	President"

By copy of this note to Doug Cannon, hereby request that he pass it on to
the Harvard Business School Club President and ask that they distribute it
to their membership too.

Regards
Jim

Jim Hughes
Conoco Inc.
Risk Mgt./Insurance
281.293.6618, ph.
281.293.2819, fax
james.f.hughes@conoco.com

-----Original Message-----
From: Dona Kim [mailto:dunkindona@hotmail.com]
Sent: Thursday, October 04, 2001 12:52 PM
To: James.F.Hughes@conoco.com
Subject: Here it is. Thank you!

Dear Harvard Alumni:

I am a recent Harvard College graduate (June 2001) and have moved back to
Houston to develop an HIV/AIDS youth education project.  I was temporarily
collaborating with the Baylor International Pediatric AIDS Initiative
(BIPAI) at the Baylor College of Medicine and am now seeking to partner
with AIDS Foundation Houston.  I aim to launch Grades4AIDS in H.I.S.D.
during the 2002-2003 academic year as either an AFH project or an
independent NPO.  This organization seeks to simultaneously promote
academic achievement, community service, peer-to-peer HIV/AIDS youth
education, and youth leadership while also fundraising for pediatric AIDS
research and support.  The following is the basic premise of our project:

A corporate sponsor will agree to donate $0.50 (this amount will be
corrected annually with increased participation) per B+ or above (or
equivalent measure, i.e. 88-90) that every participating student receives
during every grading period.  Peer tutoring and interscholastic incentive
programs will encourage students to achieve.  Participating students will
engage in an active dialogue about HIV/AIDS and have myriad opportunities
to get involved in and lead peer education initiatives and volunteer in the
Houston HIV/AIDS community.

What I am seeking from the Harvard alumni in Houston is support in the form
of contributions of time and/or money.  We are currently putting together
an Advisory Board and Board of Trustees and working hard to fund our
project and operational costs through May 2003.

Please visit our website at www.grades4aids.org for more information and
feel free to contact me at dmkim@post.harvard.edu.  I can also be reached
by telephone at (713) 932-8822.  Thank you very much for your time.

Sincerely,

Dona Kim


Group,
We have had some problems recently with the creation of HA finals, with SQL errors, and as a result we have not been able to run reports. If it is a weekend (or holiday), we first need to import DA finals and then create DA finals in CAPS. After this is done we can import HA finals, and create the HA report. If the boxes are not checked, the CISO may have missed publishing certain hours. Please look in the load zones to find what hour-ahead finals may not have been published, or where CAPS may have just missed pulling them in. Sometimes it helps to pull the missing hour-ahead finals in individually. Once all the finals are in the load zones and int. interchanges, you should be able to create the final report. Please give me a call if you have any questions.

Thanks,
Bill


Is this someone in the analyst/associate program?
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/23/2000
05:55 PM ---------------------------
From: Cindy Derecskey on 08/23/2000 04:32 PM
To: Karen Denne/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
cc:

Subject: How should this be handled - rather touchy

----- Forwarded by Cindy Derecskey/Corp/Enron on 08/23/2000 04:31 PM -----

	MerryKath@aol.com
	08/23/2000 03:52 PM

		 To: public-relations@enron.com
		 cc:
		 Subject: No Subject

Dear Sir and Madam.

I did not know whom to contact at Enron, so chose to contact you.  I am a
Ph.D candidate at the University of Rhode Island.  My speciality is English
and Business Communication.

I am contacting you because I a person I know has applied and given a
high-end position within your company.  Please check his credentials.  He is
presenting himself as a Brown University Graduate with an MBA from another
college.

Please be advised, I did a reference check with Brown, and he is not a Brown
graduate.  His name is Steven R. Hill.

I feel obliged to divulge this information to you because of the law that
holds me responsible for knowing that someone might be purposely
misrepresenting themselves.

Mary K. Cardinale


Attached is my draft revision to Alan's letter to Sen. Wyden on information
release.

I have already spoken to Josh Sheinkman in Sen Wyden's office about this
issue and promised more detail as well as a face to face meeting with experts
if necessary.

Also, Chris Long just got a call from the Senator's office indicatiing that
he wants to place a call to Skilling to discuss this issue.  Should we
arrange a time for the call or avoid th emeeting.  I need to call back today.

Tom


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fyi
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/12/2001 01:03 PM -----

	Ruth Ainslie <RAinslie@isda.org>
	04/12/2001 11:47 AM

		 To: US REGULATORY COMMITTEE <USREGCOMM@isda.org>
		 cc:
		 Subject: Memorandum for ISDA U.S.Netting Legislation.DOC

Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Here is Dan Cunningham's memo on the above.

 - Memorandum for ISDA U.S.Netting Legislation.DOC


New years i am on call at the hospital, i will be bringing in the new year
with some hot nurse,  i hope.

As for the final four, two to four whatever is manageable.  huge iou if you
can hook me up with tics!!!!  Thanks for the help!!

where are you and the wife headed for the new year celebration?

From: "Benjamin Rogers" <brogers2@ect.enron.com>
To: "D.Michael Gioffre, DDS" <dgioffre@hotmail.com>
Subject: Re:
Date: Tue, 14 Dec 1999 09:54:36 -0600

Hey Mike,
Thanks for the pics.  Where were the ones from which  looks to be a wedding?
Hey, how many tickets were you thinking about? Were you thinking two for you
and
your Dad?  That weekend is April 1 & 3, 2000.  I'm not sure whether that is
Easter weekend or not.  One other way to get tics is to go to
www.finalfourseats.com  Let me know your situation.  Where are you spending
the
New Year?  Talk to you later.
Ben

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com


I made some changes, please review:

John Buchanan

From:	Karen Lagerstrom/Enron@Enronxgate on 06/15/2001 02:39 PM
To:	John Buchanan/ET&S/Enron@ENRON
cc:	Joni Bollinger/ENRON@enronXgate

Subject:	Sunflower Procedures

John, please review the attached and provide comments to me.  Thanks.


TJ:
Can we create an inbox folder for Joe?   I need to leave something for him tonight and I promised that it would be in his inbox (which he doesnt have)

Thanks,

JMF


Thanks!   You really changed the energy business.
m


Name  Supervisor   Title  Start date

Michael Mousteiko  (Lisa Peterson)   Spec  7/31
Julie Boehl   (Kathy Kelly)    Spec  7/31
Susan Elledge   (Linda Bryan)    Spec  7/31
Natalie Baker   (Carrie Hollomon)   SrSpec  8/1
 Lia Hernandez   (EdTerry)   SrSpec  8/2
Kevin Brady   (George Smith)    Staff  8/3


Mr. Titman:
I have not heard back from Professor Ronn, so I am not sure as of now whether
or not I can meet with him.  I will give him another call today to see if he
is available.  Thanks
Ben


Brent-

Are we still on target to receive your comments within the next day or so?
We really need to complete this process.

I look forward to hearing from you.

Thanks,

John

	Brent Hendry
	08/25/2000 04:30 PM

		 To: John Viverito/Corp/Enron@Enron
		 cc: Jonathan Whitehead/AP/Enron@Enron, Mark Taylor/HOU/ECT@ECT
		 Subject: Re: Japanese ISDA Documentation and Japanese Weather GTC
Documentation

I apologize for the delay. I hope to be able to get to the reviews early next
week.
Thanks,
Brent

	John Viverito
	08/20/2000 08:24 PM

		 To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
		 cc: Jonathan Whitehead/AP/Enron@Enron
		 Subject: Japanese ISDA Documentation and Japanese Weather GTC Documentation

Mark and Brent-

Please inform me when you anticipate your respective reviews of the ISDA
documentation and Japanese Weather GTC documentation will be completed.

In the interim, if you have any questions, please contact me.

Thanks,

John