Reminder
The Enron Oral History Project Continues...

"Using History to Help Enron Become the World's Leading Company"

How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision?

Speaker:
Joseph Pratt, Cullen Professor of History and Business, University of Houston
and
 Co-Director, Enron Oral History Project

Thursday, June 7
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to participate in this meeting.  Call 3-9390.


Steve will be in a Managing Director PRC that day - not sure if he will be
out in time for a 5:30 event.

   Maureen

From: Lexi Elliott/ENRON@enronXgate on 06/21/2001 01:39 PM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Rice Happy Hour

Steve:

I am considering scheduling a Rice team/intern happy hour on July 24 (5:30 -
7:00).  Would you be available on this date or should I try to reschedule?

Thank you!

lexi
3-4585


John
Starting Feb. 1 the GPM Tekas Bradshaw volumes (15,000 mmbtu/d) have gone away. I understand that GPM is trying to reroute this gas to another plant. So at this point this gas may or may not come back into NNG. Currently CIG has an order of 37,000 mmbtu/d. What affect will this have on Oneok Bushton processing (if any) with the Tekas gas going away?

Thanks Gary


G,

I was thinking of bringing along a friend from Enron to the boat party.
Unfortunately he is not a female so this may throw off your proper party
ratio.  He is married though so he will leave the single girls alone for you
and me.  His wife is out of town this weekend.  He won't mind sleeping on the
floor.

Thanks for letting me hang at your place this weekend.  Lisa is a really cool
girl.  You two will have fun together.


Hi Dan,

I am of the view that separate guarantees should be put in place.  As a
result, we will forward to Engage later today a revised master agreement
which addresses guarantees which relate solely to Enron Canada Corp.   If you
have any concerns, please let me know.  Otherwise, I will assume that you are
co-ordinating getting the appropriate guarantees relating to Enron North
America Corp.

I can be reached at (403) 974-6708.

Thanks,

Mark

---------------------- Forwarded by Mark Powell/CAL/ECT on 12/04/2000 10:01
AM ---------------------------
From: Russell Diamond on 12/04/2000 10:43 AM CST
To: Mark Powell/CAL/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT
Subject: Re: Engage Canada- Credit W/S

Mark,

I had remembered our previous conversation regarding having ENA and ECC on
the seperate guaranty's.  If we need to have two seperate guaranty's please
coordinate with Dan Hyvl to have separate guaranty's issued.  I have attached
another amended credit worksheet which detail the guaranty amounts required.
Please note that as a result of current market conditions, we need to have
the draft contract and guaranty's sent to the counterparty as soon as
possible.  Also my credit contact at Engage is a lady named Sandra
(403-297-1476) and I have reviewed with her our needs, if Suzzi Sethi does
not understand our urgency on this, please communicate this to Sandra.  I
will be out the rest of the week and will not be able to be contacted.

Thanks
Russell.

	From:  Mark Powell                           11/28/2000 07:44 PM

To: Russell Diamond/HOU/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT
Subject: Re: Engage Canada- Credit W/S

Hey Russell,

We talked about this point earlier (see an e-mail to you dated September 22,
2000) and we agreed that the guarantees would not reference both Enron North
America and Enron Canada Corp.  There were a number of reasons for this (ie.
complexity regarding future amendments, the differences/peculiarities between
Canadian and American law, possible "permanent establishment" issues we had
discussed, etc.).  You may also want to look at the e-mail I sent to you on
September 26, 2000 (re: the East desk deals with ENA).

Is this not the case anymore?  I think it is better to have separate
guarantees for all of the reasons mentioned in the September 22, 2000 e-mail,
the September 26, 2000 e-mail and this e-mail.

Please let me know.

Mark Powell

To: Mark Powell/CAL/ECT@ECT
cc:
Subject: Engage Canada- Credit W/S

Hey Mark,

Are you ready for some more fun, I have attached the Credit Worksheet for
Engage Canada.  Please read the comments at the bottom of the worksheet
pertaining to the guaranty's.

Call with any questions.

Russell


May 31, 2001

To:  Ken Lay
  Steve Kean

From:  Rick Shapiro
  Linda Robertson

Subject: The President,s Dinner, A Congressional Salute Honoring President
Bush and Vice President Cheney, June 27, 2001 in Washington, DC

This memo is a follow up to your phone conversation with Roger Enrico
regarding Enron contributing $250,000 to The President,s Dinner.  The
President,s Dinner is a joint fundraising effort by the National Republican
Congressional Committee (NRCC) and the National Republican Senatorial
Committee (NRSC).  We contacted both Congressman Tom DeLay and the House
Senate Dinner committee to ensure that Enron could fully participate in The
President,s Dinner and receive credit for money we have already committed to
give to the Committees earlier this year.

With the assistance of Congressman Tom DeLay we were able to apply our
previously contributed soft money toward this dinner.  Consequently, we will
be &credited8 as giving $250,000 to this event, even though we are being
asked to give only $50,00 in &new8 soft money.  Our earlier contributions of
$100,000 each to the NRCC and NRSC will make up the remaining money.  You
will be listed as Co-Chair of the event, the highest level of giving.  We
will be crediting Congressmen DeLay, Armey, Barton and Tauzin for raising the
$100,000 allocation for the NRCC.  As for $100,000 we earlier gave the NRSC,
Senator Kay Bailey Hutchison has requested that Enron give her some credit
for raising the money.  We would like to split it among several other
Senators.

In addition, Congressman Tom DeLay has asked Enron to contribute $100,000 to
his leadership committee, ARMPAC, through a combination of corporate and
personal money from Enron,s executives.  ARMPAC funds will be used to assist
other House Members as well as the redistricting effort in Texas.  We will be
meeting this request over the course of this calendar year.

Kevin Hannon has expressed an interest in attending the dinner.  Will you be
able to join us on the 27th in Washington to attend the dinner?


Mike,

You must not have received my earlier reply in time...I have another meeting right now (10:30am), so can't meet until tomorrow.  I'll call you an hour before I'm available in the morning.

Fletch

-----Original Message-----
From: Bridges, Michael
Sent: Thursday, January 24, 2002 6:51 AM
To: Sturm, Fletcher J.
Subject: RE: East Power

Fletch,

I can meet anytime and am very interested.

Mike Bridges

-----Original Message-----
From: Sturm, Fletcher J.
Sent: Thu 1/24/2002 8:10 AM
To: Bridges, Michael
Cc:
Subject: East Power

Mike,

John Lavorato forwarded an e-mail to me sent by you requesting information on opportunities in trading at UBS.  I'd very much like to talk with you again if you're interested in East Power.  If you're interested, please send your resume to me and let me know if you could meet tomorrow (Fri. 1/25).  We're making personnel decisions here by the hour and I'd like to hear from you as soon as possible.

Thanks,

Fletch


Greg:
We have another counterparty that wants to be able to post cash collateral.
Has any progress been made in developing an alternative to this that we are
comfortable with?

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


Are you guys looking to hire any analysts for the Toronto office?

I know someone I think would be a good fit. Let me know.

Chris


Professor Ueng:
Hope all is going well and you have either finished or are almost finished
your Phd.  I was wondering if I could be able to find out my grade for the
Financial Mgmt. class (MBA-5318 A) I took with you this summer.  Is there a
website we can go to or something?  Thanks!
Ben Rogers


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

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

Crude     http://www.carrfut.com/research/Energy1/crude27.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas27.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil27.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded27.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG27.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG27.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL27.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


I updated the Transco rates and fuel for April.  It is in the "Offseason
Rate" tab in the "2000tran03" file.


Kay:  I sincerely apologize for being so out of pocket.  I have been just
buried trying to restructure a bunch of EES and ENA contracts/obligations
etc. in light of the possiblity of the CA IOUs filing for bankruptcy.  I have
been locked on day long calls for the past few days.  However, I should be
able to get in touch with you later this afternoon to map out what may be
required and I am sure we can handle what you may need.  I'll touch base
later today.  John

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com


-----Original Message-----
From: John Manfredonia [mailto:manfred@bellatlantic.net]
Sent: Thursday, May 10, 2001 1:29 PM
To: Kenneth.Lay@enron.com
Cc: Jeffrey.Skilling@enron.com
Subject: Business Development Opportunity

Mr. Kenneth Lay
Chairman
Enron Corporation
1440 Smith Street
Houston, Texas 77002

Dear Mr. Kenneth Lay:

This brief note concerns an innovative business development opportunity in
the rapidly expanding field of B2B eProcurement/e-commerce.  I am trying to
initiate a system to fully integrate an industry that is fragmented and in
need of adding scalable 'process' efficiencies.  This will require
substantial resources that are not available to me. These resources would be
less significant to a company like Enron Corporation.  However the upside
potential would, I believe, be significant to your corporation. The risk
reward ratio in this marketplace favors the upside potential significantly.
This market is ripe for innovation because of the fundamental need to
improve product and service delivery in a cost effective and timely manner.
The process has already begun but will require a critical mass player that
can deliver open-market eProcurement.  The process related savings alone
will be approximately $11 billion annual when an effective supply chain
system is implemented. The timing is critical since in the next 18- 36
months the winners and losers would have already lined up for success and
failure.  A linchpin is needed and it could well be Enron.  I have little
doubt that Enron could do the job and become the stand-alone leader in this
field.

I am writing to Enron Corporation to determine your potential interest in a
very large global marketplace that is poised for transformation and
transition.  This marketplace is currently valued in excess of $300 billion
annual worldwide with high profit margins as well as large continuing
revenue growth rates in excess of 10% annually. There are buy and sell side
opportunities for revenues as well as a transactional fee opportunity.

What I am proposing would be the critical next innovative step to enter a
new level of global sourcing, purchasing, risk management and distribution
for this industry.

I realize the vagueness and brevity of my comments but without an existing
level of confidentiality I cannot expand these thoughts.  If you have
interest in taking one additional step to determine if my strategic concept
has merit please let me know.

Best regards,

John Manfredonia

267-987-5456
manfred@bellatlantic.net

Box 72
Buckingham,PA 18912

cc:  Mr. Jeffrey K. Skilling
 President and CEO


http://www.stoft.com/x/cal/index.shtml

http://icg.fas.harvard.edu/~ec1661/lectures/HoganHandoutA.PDF


Here are the test deals we completed today.  Please check these deals in the appropriate downstream systems to make sure they are bridging into tagg, sitara and enpower correctly.  Beware that some of these deals are duplicates.  Let me know if any of these are bridging incorrectly so that I can get the programmers to look at it.

O'Neal, please pay special attention to the gas daily deals.  I believe that I tested the one leg, two leg and four leg gas daily deals.

Thanks,
Dawn

 -----Original Message-----
From: 	Kenne, Dawn C.
Sent:	Monday, February 04, 2002 2:01 PM
To:	Smith, Regan M.; Pena, Matt
Cc:	Meredith, Kevin; Lozano, Melba; Denny, Jennifer
Subject:	Simulation testing

I am attaching both gas and power transaction summaries.  Please let me know how everything looks downstream and if we need to test anything else.

Dawn
3-9353


---------------------- Forwarded by Nicole Mendez/HOU/ECT on 11/29/2000 09:58
AM ---------------------------

	Enron Technology

	From:  Jimmy Manguba                           11/27/2000 12:14 PM

To: Cindy Stokes/HOU/ECT@ECT, Renee Ingram/HOU/ECT@ECT, Lisa
Lunz/Corp/Enron@ENRON, Kelly Ellis/Corp/Enron@Enron, Nicole
Mendez/HOU/ECT@ECT, Jennifer Reed/HOU/ECT@ECT
cc:
Subject: FW: Snowball Fight!

always a Christmas favorite...
---------------------- Forwarded by Jimmy Manguba/HOU/ECT on 12/08/2000 12:12
PM ---------------------------
From: Elaine Nguyen/ENRON@enronXgate on 11/27/2000 08:02 AM
To: Douglas Doring/NA/Enron@Enron, Kien Luu/ENRON@enronXgate, Danny
Ly/ENRON@enronXgate, Emmanuel Mangin/ENRON@enronxgate, Jimmy
Manguba/HOU/ECT@ECT, Jaime Navarro/NA/Enron@Enron, Steven
Nguyen/ENRON@enronXgate, Michael Whitehurst/ENRON@enronxgate, Leola
Barnett/Corp/Enron@ENRON, Shari Daugherty/Corp/Enron@Enron, Erica
Garcia/Corp/Enron@Enron, Faheem Qavi/Corp/Enron@Enron, Jameika
Smikle/Corp/Enron@Enron, Danielle Stephens/Corp/Enron@Enron, Leah Van
Arsdall/Corp/Enron@ENRON, Jaime Vela/Corp/Enron@Enron, Darrell
Williamson/Corp/Enron@Enron
cc:
Subject: FW:  Snowball Fight!

>
> >
> >  You can move the red boys by holding your mouse button down.  To
make them throw click your mouse button.
> >  The longer you hold down the clicker, the more power you have to
> > throw. <<snowcraf.exe>>

 - snowcraf.exe


Just to set the record straight, Measurement was not contacted nor informed
that the recorded flow was inaccurate. We are dependent on the field to
verify measurement information, and absent information to the contrary, the
recorded volumes were published. The HMS technician , Charlie Speigel, was
contacted today , and this issue was discussed and  verified that he
neglected to notify GMS of the erroneous recorded flow. We will correct the
statements to reflect zero flow based on this discussion.

	From:  Gary A Hanks @ ECT                           04/13/2000 12:50 PM

To: Lee L Papayoti/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Earl Tisdale/HOU/ECT@ECT
cc: Rita Wynne/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Gary Anderson/GPGFIN/Enron@ENRON

Subject: Brandywine Meter #: 981225 ; March, 2000 Activity

There was no flow at meter 981225 for the month of March.  The HMS technician
did contact measurement once to get the volumes zeroed out but apparently he
will have to get with them again.  I have notified the tech and he is in the
process of doing this.

The meter is set on pressure control and the valve is open.  Gas Control's
understanding and the field's understanding is that at the time the
Brandywine deal ended some sort of standby agreement was in place.  If this
is not the case please let me know and we will notify the plant and close the
valve.

Robert,
 In the future if you have meters like this where there is a small flow
volume without a nomination in place please check with Earl and myself so we
can investigate before we get commercial involved.

Thanks
Gary H
---------------------- Forwarded by Gary A Hanks/HOU/ECT on 04/13/2000 12:35
PM ---------------------------
From: Lee L Papayoti on 04/12/2000 05:38 PM
To: Gary A Hanks/HOU/ECT@ECT, James McKay/HOU/ECT@ECT
cc: Robert E Lloyd/HOU/ECT@ECT
Subject: Brandywine Meter #: 981225 ; March, 2000 Activity

How is this meter set up?  Why would it have flowed in March?  Any ideas?  Is
it on pressure control?  If so, what's the set point?  I need to know before
I can go to Oxy and/or DuPont and make a claim ....

---------------------- Forwarded by Lee L Papayoti/HOU/ECT on 04/12/2000
05:37 PM ---------------------------

	From:  Robert E Lloyd                           04/12/2000 05:20 PM

To: Lee L Papayoti/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Rita
Wynne/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT
Subject: Brandywine Meter #: 981225 ; March, 2000 Activity

 Attached is support that indicate gas flowed on a Zero nomination during the
month of March, 2000.

 There is no deal in place to allocate this gas flow.

 Please advise me  how you want this activity allocated.


Have you guys looked into this or shall I?  Let me know.  Thanks.
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 07/25/2001
08:47 AM ---------------------------

Steven Moss <4010@pacbell.net> on 07/24/2001 05:38:32 PM
To: "\"Mona_L_Petrochko\" <"
cc:

Subject: San Francisco Community Power Cooperative

Mona,

Any luck finding someone for us to talk to about the co-op?

Steven


----- Forwarded by Marie Hejka/Corp/Enron on 01/16/2001 05:32 PM -----

	Marie Hejka
	01/16/2001 12:05 PM

		 To: Melissa Becker/Corp/Enron@ENRON, Anthony Mends/Enron Communications,
Andrea Yowman/Corp/Enron@ENRON, Joe Wong/enron@enronXgate@enronXgate, Debbie
R Brackett/HOU/ECT@ECT, Pegi Newhouse/HOU/EES@EES, John
Gillespie/Enron@EnronXGate, Kathleen Pope-Sance/HOU/EES@EES, Steve
Woods/EPSC/HOU/ECT@ECT, Georgeanna Hoiseth/Corp/Enron@ENRON, Judith
Schlesinger/HOU/ECT@ECT, Allan Sommer/Corp/Enron@Enron
		 cc: Beth Perlman/enron@EnronXgate, George Wasaff/Enron@EnronXGate, Kent
Morrison/NA/Enron@ENRON, John Simmons/NA/Enron@Enron, Paul
Timberlake/ET&S/Enron@Enron, Allen Elliott/HOU/ECT@ECT
		 Subject: Your thoughts required by 3 :00 p.m. 1/17 meeting.

Please read and be prepared to discuss at tomorrow's task force meeting.
(Paul is scheduled to speak to us to help us make a decision.  FYI - I plan
to circulate the agenda before the meeting.)

Below are Paul Timberlake's notes from Friday morning's Software Selection
Team meeting.

You may remember in the beginning of this project we discussed piloting
Autonomy or an unstructured data management tool in order to reach
qualitative and quantitative information.

Some discussion was lent to finding a product perhaps which would search
email to identify experts.
Further, we discussed the value in finding a product which could help us
identify experts within Enron.

Since these discussions, we hired a Business Analyst who interviewed some 29
people and surveyed 30 additional people who concurred finding experts in
Enron would be useful.

However, only 50% of those interviewed suggested they would tag email for
others to search regardless if it could help identify experts.
But, over 90% of those surveyed agreed an Enterprise Search Engine would be
useful.

Based on what we now know, the Software Selection Team will be evaluating
three Enterprise Search Engine vendors (Inktomi, Autonomy, and Verity).
These vendors DO NOT search email like the vendor TACIT.  Autonomy provides
some feature/functionality to search email (the full extent of which will be
evaluated by the SST).

Are we prepared to invest in a much more expensive search engine with
categorization feature/functionality which may provide a more robust search
platform of the future or should we decide to invest in the best value for
our current needs?  Categorization is the classification of information
sources, such as documents or Web pages into a taxonomy.  With some products,
the taxonomy must be determined beforehand and rules specified (both manual
operations) to tell the product how to classify information sources it
encounters.  Other tools claim they create the taxonomy using a proprietary
method.  See Paul's "Issue" section below.

----- Forwarded by Marie Hejka/Corp/Enron on 01/12/2001 05:52 PM -----

	Paul Timberlake
	01/12/2001 04:16 PM

		 To: Marie Hejka/Corp/Enron@ENRON, Kent Morrison/NA/Enron@ENRON, Allen
Elliott/HOU/ECT@ECT
		 cc: John Simmons/NA/Enron@Enron
		 Subject: KM/IM Meeting Notes 1/12/2001

Meeting Notes
From the 1/05 weekly meeting, it was decided that the tool being sought was
best classified as an Enterprise Search Engine (ESE) solution.  This
distinction was arrived at after reviewing the characteristics described in
the charter and associated survey as to what was meant by an unstructured
data management tool.
Three leading vendors in this market are Inktomi, Autonomy, and Verity.  To
stay within the time frame of the overall project, the scope of the search
tool evaluation will focus on these three vendors.    Evaluation criteria
have been developed to compare the tools.  This criteria focuses on the
tools' indexing and search functionality
At present the criteria excludes categorization functionality.  The reason
for this is categorization is expected to involve manual effort from various
groups who own content that will be categorized.   This characteristic is at
odds with the project charter requirement that the tool be unobtrusive to
current processes and culture.
Because indexing and search functionality is becoming similar among ESE
tools, it is expected that the ESE evaluation will boil down to a price
decision with Inktomi being the winner.
The three ESE vendors are being lined up to visit Enron and present their
products beginning next week through the week of January 22nd.  All
interested parties are encouraged to attend.

Issue
At issue is whether categorization functionality should be included in the
ESE evaluation - or continue to focus only on indexing and search
functionality.  All three vendors being evaluated include a categorization
component.
By not including categorization, we run the risk of selecting a vendor whose
categorization capabilities may not be as robust as another's.  Integrating
another vendor's solution later on may prove difficult and costly.
By including categorization functionality, the evaluation criteria become
ambiguous.  This is because the requirements around categorization are not
well defined at present.  Consequently, we run the risk of selecting an
over-enginneered and most costly product whose perceived benefits may never
be realized.
We need more direction from the project sponsors as to what priority to place
on categorization functionality.  If it is considered a priority then we also
need end user groups with specific problems identified that, if solved, could
effectively evaluate the tool and justify any additional costs.


eThink Stuff For Sale!
That's right; get your very own eThink apparel, accessories and office
gadgets at the Signature Shop online.  Direct your web browser to the
Signature Shop, and then click "eThink Merchandise" to see the complete
line.  Happy shopping!

eSpeak is back!  Tuesday, December 5 at 10:00 am Houston time, please join
Chairman and CEO Ken Lay for an open-mike eSpeak event.  This is your last
chance of the year to ask Ken questions about the issues most important to
you.  Don't miss it!


Claudia --   I see that this app is still in Legal (since 7/14).  Could you
give me an ETA on it?

Thanks,
Griff
35753


Are you still working every other day?  Please see my SITA message to Sharon
Lewis and let me know the most efficient way of proceeding.  Thanks.  Sara


Tana,

Here's the draft opinion.

Clement

	Tana Jones@ECT
	10/17/2000 02:35 PM

		 To: Clement Abrams/Corp/Enron@ENRON, Cindy Richardson/Corp/Enron@ENRON
		 cc:
		 Subject: New York Power Authority

Per my voicemail, attached is the ISDA Agreement revised to reflect those
guaranty changes you agreed to.


Could you please try to stay out of trouble.
----- Forwarded by Richard B Sanders/HOU/ECT on 10/16/2000 10:08 AM -----

	Eric Thode@ENRON
	10/16/2000 09:32 AM

		 To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Patrick
Danaher/NA/Enron@Enron, Don Schroeder/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Wall Street Journal Article - Regarding SPR Oil

As most of you know, Enron had some discussions with Euell Energy regarding
SPR oil.  We ultimately were unable to do any deal with Mr. Euell and
subsequently, he publicly blamed us for his inability to complete a deal.
Attached is an article from the Wall Street Journal.  Mark Palmer, Steve Kean
and I spent most of Friday trying to kill the story.  In addition to numerous
conversations, we even played tapes of the final three phone calls between
Mr. Euell and our trader.  While we were unable to kill the story completely,
we are pleased with the outcome.  If you have any questions, please call me
at ext. 3-9053.

A Trio of Little Guys
Embarks on Wild Ride
In Global Oil Market
---
Pursuing Business With DOE,
Their Paths Diverge; One
Leads to `a Lot of Money'
By Wall Street Journal staff reporters John Fialka in Denver, Alexei
Barrionuevo in Tallahassee, Fla., and Jonathan Weil in New York
?
10/16/2000
The Wall Street Journal
Page A1
(Copyright (c) 2000, Dow Jones & Company, Inc.)
Lance Stroud of New York, Renard D. Euell of Denver and Ronald Peek of
Tallahassee, Fla., all had dreams of becoming oil barons. And on Oct. 4, when
the Department of Energy announced the results of the bidding for oil from
the nation's Strategic Petroleum Reserve, they thought their ships had come
in.
Two of the three black entrepreneurs were unknowns in the industry, and none
of them had ever done a major oil deal. But there they were, listed as
winning bidders alongside some of the biggest names in the business --
Marathon Ashland Petroleum LLC, Morgan Stanley Dean Witter & Co., BP Amoco
PLC and Amerada Hess Corp. Each would be given the right to withdraw millions
of barrels of oil from the reserve amid one of the most volatile oil markets
in decades. In exchange, each had offered to replace that oil, plus an
additional amount akin to an interest payment, a year later. They and the
other winning bidders, the Energy Department said, were picked soley because
they pledged to return the biggest quantities of oil to the reserve.
There was just one catch: In its rush to release the oil and so ease a price
crunch, the Energy Department had suspended its usual requirement that each
bidder supply financial guarantees. But it wanted the winning bidders to
present letters of credit, equal to the oil's market value, five days after
their bids were submitted. The big players could easily meet that
requirement. But Messrs. Stroud, Euell and Peek were men of limited means.
They needed to find someone willing to back them for tens of millions of
dollars -- and fast.
The drama made for an unaccustomed scene in Harlem, where the 35-year-old Mr.
Stroud lived with his 74-year-old mother. A heavy-set man with a goatee, Mr.
Stroud, a former Army enlisted man who had dropped out of college shy of
graduation, had held a string of odd jobs while using the Internet to seek
out a big business deal.
The aspiring oil man had entered his bid for four million barrels from the
reserve, via the Internet. He won't discuss the details of his bid, but says
he thought he could outbid the large oil companies because he didn't have as
much overhead. After the winning bids were announced, Mr. Stroud became
something of a celebrity. TV news crews arrived to interview his neighbors,
many of whom had no idea what all the fuss was about. "I thought he [Mr.
Stroud] was some kind of rap star," recalls Carline Thomas, who lives down
the hall from him.
As neighbors paused to shoot the breeze on the steps of nearby residential
buildings, most marred by graffiti, Wall Street couriers bearing fat packets
of information spent the week scurrying back and forth from Mr. Stroud's
apartment on a seedy block in Harlem's central business district.
Inside Mr. Stroud's apartment, the telephone wouldn't stop ringing, and his
mother was helping him field the calls. He says he was in serious talks with
four companies. And a movie producer was interested in his life story. Then,
amid the chaos, tragedy struck. On Tuesday night, his mother, Iris Manning,
suffered a cardiac arrest, and was taken to a hospital a few blocks south of
Mr. Stroud's apartment.
Mr. Stroud said he spent most of Wednesday running between his apartment and
the hospital, taking occasional phone calls to deal with prospective
financiers. Ms. Manning went into cardiac arrest three more times, and died
at 9:47 p.m. Wednesday evening.
Mr. Stroud was dazed by the fact that what he called the two biggest events
of his life -- the death of his mother and his selection by the Energy
Department -- occurred almost simultaneously. "I'm saying `there must be some
reason I'm here,' " he said later. "These things happening like this, the
odds must be in the millions."
Mr. Stroud won't discuss which companies were vying for his oil, but he says
at one point he thought he had an offer to buy him out for $1.50 a barrel, or
$6 million. The most serious discussions began Thursday, with a
representative from a refining company, which he refuses to name. From that
discussion Thursday until the following evening, Mr. Stroud says, he was
confident that the refiner would grant him the letter of credit he needed.
But at 9 p.m. Friday, three hours before his deadline, Mr. Stroud said he got
a call telling him the deal was off. "I was upset," he says. "I mean, instead
of wasting my time with that I could have obtained the financing quickly"
from some other source.
A spokesman for Koch Industries Inc., based in Wichita, Kan., said it was in
negotiations with both Messrs. Euell and Stroud. "We invited them to make a
deal that made economic sense." BP Amoco said it also had discussions with
Mr. Stroud.
Mr. Stroud now says the DOE should have given him an extension, under the
circumstances. "If your mother passes, aren't you given three days to
grieve?" Mr. Stroud asks. His mother's funeral is scheduled for Wednesday,
which would have been her 75th birthday, he says.
Mr. Euell ran a small company, Euell Energy Resources, whose 12 employees
helped him broker natural-gas sales and other small energy deals. By night,
he worked the phones from his home in a modest Denver suburb, calling oil
producers in Nigeria and energy brokers in Singapore and Sydney, always
looking for the big score that would make him rich.
A friend, Norman Early, a sometime golfing partner and a former Denver U.S.
district attorney, says the 50-year-old Mr. Euell is "one of those guys who
shoots for the stars." On Oct. 4, Mr. Euell thought he had hit one. He had
been awarded the right to withdraw three million barrels of oil from the
Strategic Petroleum Reserve, in exchange for returning 3.3 million barrels a
year later. That was enough oil to fill 14,019 conventional tank trucks.
Knowing he would need a partner to provide financial backing, Mr. Euell had
already placed a call to a man he'd never met: Kenneth L. Lay, chairman and
chief executive of Enron Corp. He said he was sure he was going to be one of
the top bidders for the reserve oil. Would Enron like to be his partner?
Within a few hours John Nolan, the giant energy company's vice president in
charge of trading, called from London. Enron , he said, was interested.
By Oct. 6, the price of oil had already fallen, making Mr. Euell's bid look
generous. Still, he felt bullish. "I'm betting on Mother Nature, that she's
coming back this winter and that oil's going to be more valuable."
It wasn't Mother Nature, but the crisis in the Middle East that turned things
around. Monday, Oct. 9, the target price for November oil futures on the New
York Mercantile Exchange, jumped a dollar to $31.86 a barrel and headed
higher. Mr. Euell flew to Houston and took a room at the Hyatt Regency, from
which he could see Enron 's 50-story office tower.
By Tuesday, the price of oil had hit $33.18. By Mr. Euell's calculations that
meant a $3 million profit for him and an equal amount for his prospective
partner just across the street. Enron 's lawyers were working on an agreement
that would substitute Enron as the major party in Mr. Euell's contract, he
said, and were drawing up the letter of credit for $93 million that the DOE
required.
Eager to close the deal, Mr. Euell called Enron trader Patrick Danaher, who
was working on the project. "I want to sign this thing up today," Mr. Euell
told him, claiming that he had received an offer from another, unnamed firm,
offering to buy his contract for $1.2 million. According to tapes of the
conversation provided by Enron , Mr. Danaher said the paperwork was under
way: "Let me see if we can do that today."
Mr. Euell called backed at 11:30 a.m. and again at 11:45 a.m. Each time, the
trader sounded more pessimistic. Prospects were "50-50." When Mr. Euell
suggested he had other offers, Mr. Danaher told him: "If you have a bid at
$1.2 million, you should take it. A bird in the hand is worth two in the
bush. I just have to tell you that." Still, he invited Mr. Euell to dinner.
Tuesday's deadline passed without dinner or any action from Enron . While it
appears from the tapes that the parties had been close to an accord, Eric
Thode, a spokesman for Enron 's trading branch, says: "At no time was there
anything remotely resembling a deal with Mr. Euell."
Mr. Euell got the DOE to agree to extend the deadline for another 24 hours
and, after a round of frantic phone calls, says he collected pledges from a
group of European banks to support the $93 million letter of credit. But,
when the new deadline expired, he still had failed to get the proper
paperwork to the DOE, which then declared his award to have lapsed. "They
played me," Mr. Euell complains, blaming Enron for the missed deadlines.
Still, he says, the experience amounted to an instant "Ph.D." in oil. Next
time, he vows, he will have his own letter of credit.
The DOE said late last week that it will accept new bids on the seven million
barrels of oil Messrs. Stroud and Euell forfeited.
As for Mr. Peek, he remains the mystery man of the three. His company,
Burhany Energy Industries Inc., was formed Aug. 21. It employs no one but Mr.
Peek himself. Staffers at the Florida Black Business Investment Board, where
Mr. Peek works as a business-development specialist, said he had taken last
week off. Shutters were drawn at his modest, one-story house in Tallahassee.
Phone calls to Mr. Peek were forwarded to an unidentified neighbor. In an
e-mail to a reporter, Mr. Peek apologized for being unreachable. He was
"working relentlessly to consummate this transaction" and couldn't "entertain
any distraction at the moment."
On Saturday, the Department of Energy announced that Mr. Peek had
successfully transferred his interest in three million barrels of government
oil to Hess Energy Trading Co. of New York, a partnership that includes
Amerada Hess. Amerada Hess Vice President Carl Tursi said he could give few
details of the deal, except to say that he believes there was an
"arrangement" that resulted in "a lot of money" for Mr. Peek.

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


Shirley,

Please, set up a phone interview:

ZL
TT
KP

Vince

 -----Original Message-----
From: 	"Prakash Narayanan" <pnarayan@andrew.cmu.edu>@ENRON
Sent:	Thursday, October 25, 2001 2:03 PM
To:	Kaminski, Vince J
Subject:	Mail From Prakash Narayanan

Dear Vince,
Thank you for sparing some time to talk with me about the opportunities at
Enron.
As a Computational Finance student with a chemical engineering background, I
am very interested in pursuing my career with Enron as this will give me the
opportunity to employ the skills that I have developed during the course of
my education and experience. I am currently working on an external project
with Professor John O'Brien, on the Effect of Convexity on pricing
Eurodollar swaps and I am confident that this experience would help me in
understanding the effects of volatility on derivative prices, which is a
fundamental component in the energy markets. Also, I am currently doing a
project on assessing the intrinsic value of Enron and its business-operating
environment to augment my knowledge of Enron in particular and the energy
markets in general. My education, as well as my experiences have helped in
honing my quantitative, analytical and computing skills, and have given me a
significant insight into the global trading industry.

I am enclosing my resume along with this mail. As mentioned in our
conversation, I would like to pursue a career in Energy trading and
research.

Hoping to hear from you soon.
Best Regards
Prakash

 - Resume.doc


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/21/2000 12:33
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/21/2000 12:21 PM

To: undisclosed-recipients:;
cc:
Subject: DJ Calif PUC OKs PG&E Issuance Of $2B In Long-Term Debt

19:05 GMT 21 December 2000 *DJ Calif PUC OKs PG&E Issuance Of $2B In
Long-Term Debt
(MORE) Dow Jones Newswires 21-12-00
1905GMT
Issuance To Fund $4.5B Undercollections
LOS ANGELES (Dow Jones)--The California Public Utilities Commission Thursday
swiftly granted Pacific Gas and Electric Co.'s request to issue up to $2
billion in long-term debt to finance undercollections of wholesale power
costs.
The PG&E Corp.(PCG) unit has undercollections totalling $4.5 billion as it
is unable to pass high wholesale electricity costs to customers due to a
rate freeze. The utility has filed a request with the PUC to end that rate
freeze and allow rate hikes.
In its application, Pacific Gas and Electric said the size of its
undercollection made it difficult to obtain short-term debt, and that
long-term debt issuance was therefore necessary, the PUC said.
The PUC decision also allows the utility to use $370 million of the $2
billion for other purposes if those funds are not needed to finance
undercollections. It was not immediate clear what other purposes those funds
could be used for, however.
PG&E's request for perpetual authority to issue $2 billion in long-term debt
was denied.
-By Jessica Berthold; Dow Jones Newswires; 323-658-3872;
jessica.berthold@dowjones.com
(END) Dow Jones Newswires 21-12-00
1929GMT

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


Hey there stranger!

Thanks for the pictures - they've definitely been the highlight of my day.
It's funny that you sent those now, because over the weekend Molly and I had
our big housewarming blowout party, and - speaking of strangers - Michael (of
sushi fame) and his friend came down from Seattle for it! Weird, huh. I don't
see or hear from the guy in half a year, and then in the same three days he
not only comes to my house but shows up in my e-mail.

I can't chat right now - things are just coming to a rolling boil here at
work. But I'll give you a call this evening. Are you packed for Spain yet?
Are you ready to leave the laid back island like to which you've grown
accustomed? Is everyone there still as crazy as when I left them? Write back,
or give me a call. I'd love to hear the update.

Take care,
Kate


what went on this weekend?  i am still tired from this weekend.


One other question, what time is the visit scheduled for, I would like it to
start at around 10 am, if possible to allow for some travel time. Please let
me know.

Thanks
Susan Flanagan

Return-path: <Dplflan@aol.com>
From: Dplflan@aol.com
Full-name: Dplflan
Message-ID: <d3.b0539e2.271797aa@aol.com>
Date: Thu, 12 Oct 2000 18:39:38 EDT
Subject: Site Visit
To: Benjamin.Rogers@enron.com
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="part2_9d.bdc6c63.271797aa_boundary"
X-Mailer: Windows AOL sub 123

I have attached a complete team list, indicating who will be at the site
visit. Please give me a call if you have any questions.

Susan Flanagan

 - Team List - ext.doc


I'm going to Athens, TX for Molly's wedding tonight.

There is a band and a tent and it looks like there will be some food out
there.

-----Original Message-----
From: Matthew.Lenhart [SMTP:Matthew.Lenhart@enron.com]
Sent: Friday, April 27, 2001 10:11 AM
To: Elliott, Shirley S.
Cc: Matthew.Lenhart
Subject: Re: band

there is a band?  what is going on this weekend?


See e-mail below.

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>

> -----Original Message-----
> From:	McQuay, Mike
> Sent:	Saturday, August 11, 2001 1:20 PM
> To:	Ashbaker, Steve; ISO Client Relations; Sullivan, Robert
> Subject:	USF IMPORT REPORT 4/15
>
> CLIENT REPS;
> PLEASE DISTRIBUTE THIS LETTER
>  <<Scheduling Coordinator letter 4-45-01.doc>>  <<USF 01-04-15 Path15
> EPMI.xls>>
>
> THANK YOU,
> Mike McQuay
> Scheduling Support-After-the-fact
> California ISO
> (916) 351-2385
> Fax (916) 351-4486
>


Team,

Attached is the FINAL draft of the Executive Committee V&V presentation
scheduled for May 15.

As we agreed to in our April V&V meeting, each V&V rep will meet with their
Executive Committee member to review the presentation.  Any and all feedback
concerning the presentation should be forwarded to me by Friday, May 5.

If I don't hear from you by Friday, May 5, with feedback/changes to the
presentation, I will assume that you and your Executive Committee member are
OK with the presentation.

The presentation will be sent to Ken, Jeff, and Joe on Tuesday, May 9.

Thanks for your immediate attention.

Gina


It seems to me that in our omnibus forms, there is no rounding rule
applicable to the return of collateral.  However, credit worksheets often ask
for the rounding rule to apply to both delivery and return (similar to
master).  Could you look at the forms at your convenience and let me know if
I am missing something?  If not, I will ask Mark if he thinks we should
revise.  Thanks.  Mary


Good questions!  The volumes are at the wellhead, so the fuel volumes would
need to be deducted.  Destin has changed their fuel to 0.003%.  As for the
prices, the Sonat gas daily prices should be reduced by $0.24 /mmbtu
transportation.

Let me know if you have any more questions.

Susan

Stevens_Hollister@eott.com on 11/21/2000 10:38:40 AM
To: Susan.W.Pereira@enron.com
cc:
Subject: Re: Gas Daily Prices for Bazor Ridge

Susan,

Please bare with me on these questions.  1)  Do the volumes have the 1%
fuel taken out?
                           2)  Do the prices have the transportation taken
out?

I assume somethings, but a thought best to ask.

Thank you,

Stevens

                    Susan.W.Pereira
                    @enron.com             To:     Stevens
Hollister/Remote/Eott@Eott
                                           cc:
                    11/17/00 01:51         Subject:     Re: Gas Daily Prices
for Bazor Ridge
                    PM

Here are the Gas Daily prices for Sonat on the days of allocated flow:

10/12 --  101 mmbtu @ $5.135
10/20 --    62 mmbtu @ $5.02
10/24 --    63 mmbtu @ $4.81
10/25 --    52 mmbtu @ $4.835
10/26 --  377 mmbtu @ $4.64
10/27 --  371 mmbtu @ $4.60
10/28 --  538 mmbtu @ $4.475
10/29 --    84 mmbtu @ $4.475

Let me know if you need any more info.

Susan

Stevens_Hollister@eott.com on 11/06/2000 08:18:31 AM

To:   "Susan W Pereira" <Susan.W.Pereira@enron.com>
cc:   Dan_Cole@eott.com
Subject:  Gas Daily Prices for Bazor Ridge

Susan,

There was a small amount of gas sold from the Kahuna Gas plant in October.
I have spoken with Joe Casa with Enron and he is going to provide volumes.
Can you please provide me the October pricing or give me the name of
someone who can?

Thanks,

Stevens


67

george.ellis@americas.bnpparibas.com on 03/07/2001 09:39:04 AM
To: george.ellis@americas.bnpparibas.com
cc:
Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey

Good Morning,

Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.

Last Year      -37
Last Week      -101

Thanks,
George Ellis
BNP PARIBAS Commodity Futures, Inc.

______________________________________________________________________________
_______________________________________________________

Ce message et toutes les pieces jointes (ci-apres le "message") sont etablis
a l'intention exclusive de ses destinataires et sont confidentiels. Si vous
recevez ce message par erreur, merci de le detruire et d'en avertir
immediatement l'expediteur.

Toute utilisation de ce message non conforme a sa destination, toute
diffusion ou toute publication, totale ou partielle, est interdite, sauf
autorisation expresse.

L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS
(et ses filiales) decline(nt) toute responsabilite au titre de ce message,
dans l'hypothese ou il aurait ete modifie.

------------------------------------------------------------------------------
----
This message and any attachments (the "message") are intended solely for the
addressees and are confidential. If you receive this message in error, please
delete it and immediately notify the sender.

Any use not in accord with its purpose, any dissemination or disclosure,
either whole or partial, is prohibited except formal approval.

The internet can not guarantee the integrity of this message. BNP PARIBAS
(and its subsidiaries) shall (will) not therefore be liable for the message
if modified.
______________________________________________________________________________
_______________________________________________________


Start Date: 4/30/01; HourAhead hour: 16;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001043016.txt
Error: Invalid variant type conversion

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

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM


Kay

When you have time please go through the spread sheet and add upgrades or alter the prices to what you think

ILY

dq


Disregard prior message re forms and please review this attachment instead.

Mary


Kim,

After yestersday's meeting, I've come up with an idea which is applicable to
the zone EF and
seems also to be applicable to the broader area. The model assumes that if
there are positive spreads of energy
products between pairs of locations, we can always find the possibilities of
swaptions. This assumption, as
discussed with Jim and Sean, is a reasonable approximation. I suggest that
the prototype be built up at this
model if you think that it is rational.  If you interested in the model, I
will explain it to all of you.

Best regards,

Youyi


This email just came in today.  One of our brokers from New York has a brother in-law who just summited Everest yesterday at 10eastern.  There is a west gas trader that works in new york that is writing the account below.  Apparently there was a drastic change in the elements and several are already dead and there is a major rescue underway.  I haven't even found anything on this yet on the internet, though i expect there will be news shortly.  I thought you all would be moved by this account.

 -----Original Message-----
From: 	"Frank Ermis" <fermis@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Frank+20Ermis+22+20+3Cfermis+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, May 24, 2001 11:44 AM
To:	Sanchez, Monique
Subject:	Fwd: FW: spoke too soon

>From: Trevor Vaughan <TVaughan@prebon.com>
>To: "'fermis@hotmail.com'" <fermis@hotmail.com>
>Subject: FW: spoke too soon
>Date: Thu, 24 May 2001 11:24:13 -0400
>
>this is an email form owen west, he' s a basis trader form j.aron who's
>scaling everst
>we've been getting weekly update that were all pretty honky-dory till this
>one
>this email was sent fom 8000 meters yesterday
>
> > -----Original Message-----
> > From:	Donald Tencellent Jr.
> > Sent:	Thursday, May 24, 2001 9:07 AM
> > To:	Trevor Vaughan
> > Subject:	FW: spoke too soon
> >
> >
> >
> > ----------
> > From: 	Nagle, Rita[SMTP:rita.nagle@gs.com]
> > Sent: 	Thursday, May 24, 2001 8:47 AM
> > To: 	Donald Tencellent Jr.
> > Subject: 	FW: spoke too soon
> >
> >
> >
> > -----Original Message-----
> > From: himex [mailto:expedition@everestbasecamp.com]
> > Sent: Thursday, May 24, 2001 5:03 AM
> > To: patrickw@Youthstream.com; gamacorp@aol.com; owenandsuz@yahoo.com;
> > richard.ruzika@gs.com; rita.nagle@gs.com; njones@thecarlylegroup.com;
> > jeff.reznick@gs.com; dmandel@sjga.com
> > Subject: spoke too soon
> >
> >
> > Unfortunately i am too late to halt my last email. Perspective comes
> > quickly
> > at 8000 meters and today, thinking back on the ascent and all the rock
> > climbing moves on that ridge that might have left me dead given my
> > perpetually clumsy condition (wrsened by AMS), I am happy to be alive.
>The
> > weather is beautiful but the mountain has bitten back and many are dead
> > and
> > dying, including friends of mine from my own team who summitted too late
> > for
> > the north side. By the time i am allowed to send this, the media will
>have
> > already begun reporting on this tragedy. I was slowed by my vomiting and
> > had
> > i continued, i likely would have been trudging up with this group.
> >
> > In my last email there is black humor concerning one of my friends:
> > ensuring
> > his safety so suz and i could take a vacation. He is stuck on the ridge
> > now,
> > dying, and will likely be dead by morning. One of our strongest guides
>is
> > with him and he, too, will probably die. This guy is super strong but
>the
> > altitude has snatched him. We're in shock here and can do nothing but
> > stare
> > into telescopes and pray that they continue the bleak fight. I have been
> > assigned NOK duty and have made two very tough phone calls to young
>wives.
> > A
> > member of the Aussie expedition died suddenly at Camp 2 this morning, 3
> > Russians are stuck with our men on the ridge, and a spaniard is flirting
> > with death right now after a bout with cerebral edema, despite Chris
> > Warner's valiant effort to get him down from the ridge last night. When
>i
> > think of this mountain now, i think only of death.
> >
> > Russ is quite experienced in hig-altitude rescues but this is the first
> > time
> > he has unleashed the team for our own. It is a totaly professional
> > logistical operation (locating and moving oxygen and regulataors back up
> > into the jet stream), relying heavily on the sherps who are just
> > incredibly
> > strong. Many stories of heroism over last 24 hours and many to come. The
> > guide and the client spent the night on the ridge (8650 meters),
> > incoherent
> > and immobile, freezing, but they were saved when Asmus turned around
>from
> > a
> > desperate stumble home, climbed the second step (brutal) for the second
> > time
> > in 10 hours, and delivered oxygen to the desperate pair just before
>dark.
> > Asmus tried to roust them and then had to dash for lower altitudes,
> > reaching
> > top camp (8300 meters...still incredibly dangerous) at 11:30 pm. It was
>a
> > relatively warm night (just below)and both client and guide were seen
> > moving
> > space blankets this morning through the telescope. Alive. But they could
> > not
> > stand. One could not see. No comms. Bivouacs above 8000 meters are epics
> > and
> > you are sure to read about this.
> >
> > Coordinating therescue from the Col, Russ then rousted all available
> > bodies
> > and they started up the ridge for the second time in as many days, Purba
> > and
> > Lopsang leading the way back into the death zone, humping oxygen. The
> > American expedition came upont the bodies this morning and have given up
> > their summit attempt (remember, they failed last week and also failed in
> > '99
> > so this is a huge sacrifice) to make the rescue. It looked bleak this
> > morning but after some injections our teammates began to move, carried
>by
> > the strong Americans. As i type, they have been moving at a snail's pace
> > and
> > the Americans will soon have to leave them to save themselves.We hope
>our
> > sherps are there by then and can take over for what is turning out to be
> > an
> > absolutely epic and incredibly dangerous rescue. Remember, that ridge is
> > 14
> > inches across for stretches, dropping 10,000 feet on either side. When i
> > gazed down 2 nights ago, it was truly like staring out of the window of
>a
> > plane, so steep was the drop. The sherps are going to have to be
>supermen.
> >
> > From the ridge and high camp, chris and asmus (they've been wasting
>there
> > for over 36 hours now) have been gathering oxygen for the 2000 meter
> > descent
> > to ABC. They are sucking some themselves to ensure we don't have a
> > double-rescue. I'm feeling better and i may be going up to the col to
>help
> > with the rescue, assuming we get these guys off the ridge alive. Too
>high
> > for a helo on this side so we'll have to platoon them down asap. Other
> > members who summitted earlier are still up too high, too slow descending
> > from 'safe' camps, and i may help them down as well. So i will not be
>back
> > by mem day--we have to get these people down.
> >
> > The drama unfolded yesterday as i stared through a spotting scope,
>sulking
> > and making occasional trips to the waste moraine. The client was slower
> > and
> > slower and then he just stopped on the summit snow field. I thought: uh
> > oh.
> > Russ had warned them hours before to turn but summit fever had taken
>hold
> > and the guide was pursuaded by the client. Soon russ was on the radio
> > screaming at the guide to drag the client down, but the hour grew late
>and
> > suddenly a successful summit evolved into a death trap, both men
>immobile
> > and nearly incoherent, the guide kicking and draggin the client, to no
> > avail. Asmus was with them and performed valiantly, as i mentioned, but
>no
> > one was in a position to help. At that height, every second counts and
>the
> > other teams rushed past on their way to safety. When you rush into a
> > burning
> > building you can't linger, especially if your physical performance is
> > literally cut in half.
> >
> > I am praying for these two--and the russians--and  it's hard to think f
> > anything else as they progress home, mumbling, step by step. I have
> > messages
> > from their wives but they are unable to [process spoken language at this
> > point. Even if they get down, i wonder what the results will be. It's
> > really
> > sad. I am sure they are also severely dehydrated--i'll explain the
>process
> > when i get home but siffice to say you literally can't boil water fast
> > enough to keepup with needs of body at altitude. My heartbeat at top
>camp
> > was 180 when i was 'resting' in my sleeping bag before the attempt. My
> > tongue split down the middle even though i was trying to keep the fluids
> > coming at a rate of a liter an hour, doing nothing.
> >
> > I feel lucky today. Very lucky. When i think of my own descent, alone,
> > throwing up along the way yesterday, i realize just how razor-thin this
> > whole thing is. There were times on the ridge where i was hanging by my
> > jumar on a supposedly new rope, ony to reach the anchor point to find a
> > ten-year-old knot, totally fried by the uv rays. Other times i stepped
>in
> > snow footprints and slipped, sliding down on my stomach until the rope
> > jerked taut. Too many ways to die here.The aussie who gave me his water
>in
> > the bowl may have prevented another casualty. Who's to say? Problem here
> > is
> > that, unlike the events we're used to when we sprint to the finish line
> > (we
> > used to say in crew that the perfect race was when you passsed out at
>the
> > finish), you have to reserve a certain amount to get the hell down the
> > mountain. And it's so hard to do that. Is a quarter tank enough? Half?
>Or
> > do
> > you need even more because, in truth, you are dying from the moment you
> > leave camp 3 (not even top camp).
> >
> > I will pass this info only when the word is out--sorry--but will keep
>you
> > updated from there once i talk ro russ. It's hard watching friends die
>but
> > we're helpless down here.
> >

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


I propose that we have one hour TARL meeting at 8:30 am on Friday the 13th.

Proposed Agenda

A tax and regulatory update on the status of the following countries:

Mexico
Brazil
Singapore
Japan
Hong Kong

Timing issues associated with licensing entities in Asia in time to meet the
BMC deadlines.

W. Wayne Gardner
Enron Broadband Services
1400 Smith Street
Houston, TX  77002-7361
Phone:  713 853 3547
Fax:  713 646 8506


***BELOW ARE SUMMARIES OF THE HELPFUL FERC STAFF INVESTIGATIONS LEAD BY SCOTT
MILLER (WHO REPORTS TO DAN LARCAMP) -- BOTH WILL JOIN THE ENRON EXECUTIVES AT
LUNCH THURS. 12/7.
-
MIDWEST AND SOUTHEAST SUMMARIES

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf

NORTHEAST SUMMARY

Attached is a summary of FERC Staff,s November 1, 2000 report on its
investigation of the Northeast region.  The report is very encouraging
because it is comprehensive and recommends many of the changes and solutions
that Enron has been advocating for years.  The report is also encouraging
because it indicates a significant level of understanding of the northeast
markets (and the problems in these markets) by the FERC people who worked on
this report.  Because this is only a brief summary, the entire report
(particularly sections 4 and 5) should be read in detail.  A copy of the
report is attached.

Please let us know if you have any questions or comments.

Sarah


Thx. I'll wait and see

 -----Original Message-----
From: 	"Charna Sherman" <cesherman@hahnlaw.com>@ENRON [mailto:IMCEANOTES-+22Charna+20Sherman+22+20+3Ccesherman+40hahnlaw+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, October 03, 2001 10:58 AM
To:	White, Bonnie; Sanders, Richard B.
Cc:	showard@agsk.com; Dave Weiner
Subject:	schultes monthly update

not much to report.  the other defendants apparently have yet to come to ground on a final settlement agreement.  i spoke with one of the principal drafters today, who sounded frustrasted and would report only that they "are still working on it."  she also withdrew her colleague's prior indication that there was one thing we would be able to know once they settled.  she was quite firm that the confidentiality provisions were all encompassing, with no carve-outs.

neither we nor they have heard a word from the court. when the last hearing was cancelled, it was left that the court would give the parties some time to work out a settlement and then would schedule a status conference to figure out who was in/out, and how to proceed.

if you have any questions or concerns, don't hesitate to contact me.

Charna E. Sherman
Hahn Loeser & Parks  LLP
cesherman@hahnlaw.com
216-274-2556 (voice)
216-274-2555 (fax)

**************************************************
This transmission contains confidential
information intended only for the addressee(s).
If you are not the intended recipient,
any use, dissemination, distribution or
copying of this document or its contents
is strictly prohibited.
**********************


----- Forwarded by Tana Jones/HOU/ECT on 05/24/2001 04:15 PM -----

	Tom Moran/ENRON@enronXgate
	05/24/2001 04:10 PM

		 To: Karen Lambert/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Samuel
Schott/ENRON@enronXgate, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate, Debbie R Brackett/ENRON@enronXgate, Cynthia
Clark/ENRON@enronXgate, Enron Europe Global CounterParty/LON/ECT@ECT,
Stephanie Sever/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Claudia
Clark/ENRON@enronXgate, William S Bradford/ENRON@enronXgate, Lisa
Lees/ENRON@enronXgate, Juana Fayett/ENRON@enronXgate, Jana
Morse/Corp/Enron@Enron, Trang Le/ENRON@enronXgate, Paul Maley/LON/ECT@ECT,
Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen
O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/ENRON@enronXgate, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bill D Hare/ENRON@enronXgate, Amy
Heffernan/Enron Communications@Enron Communications, Molly
LaFuze/HOU/ECT@ECT, Danny Clark/Enron Communications@Enron Communications,
Stephanie Panus/NA/Enron@Enron, Teresa Mandola/ENRON@enronXgate, Bill
Kyle/ENRON@enronXgate, Amber Ebow/ENRON@enronXgate, Thu Pham
Arnold/ENRON@enronXgate, Tandra Coleman/ENRON@enronXgate, Lesli
Campbell/ENRON@enronXgate, Wendi Lebrocq/ENRON@enronXgate
		 cc:
		 Subject: EOL Approvals: 05-24-01

Please see attached

Regards,
Tom Moran
713-853-3017


Hi Kathy,

Please let me know if you get to the point where the exhibits are all that
need work.  If you are there now, please send me the current version
electronically.

Thanks,

Kay

To: kay.mann@enron.com
cc:

Subject: Re: LM 6000 GSU's

Kay:

FYI - in case Ben wants to know.

Kathy
---------------------- Forwarded by Kathleen Clark/ENRON_DEVELOPMENT on
06/21/2000 10:28 AM ---------------------------

Harry Okabayashi
06/21/2000 10:03 AM
To: Robert Kraszewski/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: LM 6000 GSU's

Bob,

Please follow up with Frank Chmiel at ABB St. Louis on getting the our
purchaser data sheets marked up so that we can finish the LM6000 GSU
transformer P.O.

Tks

Harry Okabayashi
---------------------- Forwarded by Harry Okabayashi/ENRON_DEVELOPMENT on
06/21/2000 10:06 AM ---------------------------

	Enron Engineering & Construction Company
	From:  Kathleen Clark                           06/21/2000 07:45 AM

To: harry.okabayashi@enron.com
cc:

Subject: Re: LM 6000 GSU's

---------------------- Forwarded by Kathleen Clark/ENRON_DEVELOPMENT on
06/21/2000 07:49 AM ---------------------------

	Enron Engineering & Construction Company
	From:  Kathleen Clark                           06/21/2000 07:44 AM

To: harry.okabayaski@enron.com
cc:

Subject: Re: LM 6000 GSU's

Harry:

What is the status?

Thanks.
Kathy
---------------------- Forwarded by Kathleen Clark/ENRON_DEVELOPMENT on
06/21/2000 07:48 AM ---------------------------
From: Kay Mann@ENRON on 06/20/2000 02:02 PM
To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: LM 6000 GSU's

FYI.  When do you think you'll be done?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/20/2000 02:00
PM ---------------------------

	From:  Ben F Jacoby @ ECT                           06/20/2000 02:00 PM

Sent by: Ben Jacoby@ECT
To: michael.o.sandridge@us.abb.com @ ENRON
cc: Harry Okabayashi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
Mann/Corp/Enron@Enron, Janet R Dietrich/HOU/ECT@ECT,
frank.chmiel@us.abb.com@ENRON, karla.hesketh@us.abb.com@ENRON

Subject: Re: LM 6000 GSU's

Mike:

Yes, please proceed with the orders referenced below. Please make sure Harry
is on board with all the details regarding the spec sheets which I understand
are still being worked out. Thanks for all your help.

Regards,

Ben

michael.o.sandridge@us.abb.com on 06/20/2000 11:15:15 AM
To: ben.jacoby@enron.com
cc: frank.chmiel@us.abb.com, karla.hesketh@us.abb.com
Subject: LM 6000 GSU's

Ben,
I would like to confirm our conversation of this morning.  The requirments are
as follows:
two (2) 138 KV units City of Austin shown on data sheet dated April 6 2000
HU-Enron - 2C
two (2) 138 KV units Las Vegas shown on dats sheet dated May 17 2000 HU -
Enron
2D
six (6) 115/230 flexible units as shown on data sheet dated May 17 2000 HU
-Enron -1C
The factrory ex-work dates are as agreed in the option extension agreement
dated
19 June 2000.

Please let us know via return e-mail that our understanding is correct.  We
are
presently changing the units 03 and 04 (same as City of Austin) that had been
previously released to agree with the requirments above.
I will be out of town for the rest of the week, however, I will have my
computer
and my cell phone with me.  If you need me please contact me via e-mail or
cell
phone.

Thanks,

MIKE


Bryan,

Did you have a chance to take a look at the resume I sent you?
He looked like a great guy for your group.

Vince


After speaking with Danny Conner, I have created deal 606396 to cover this
meter for the next year.

D

Michael Olsen@ENRON
02/05/2001 03:06 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: meter 986315

For Dec. and Jan. production there are flow volumes without a deal.  Deal
502952 was good for November.  Do you want to extend this deal or should
there be another counterparty added?

Thanks.


Hey Dan:
Just wanted to drop you a line.  I hadn't talked to you in quite some time
and wanted to see how everything was going.  I had lunch today with my
friend, Andrew Slocum, who I think you know.  He talked to his good friend
Adam Wexslur (sp) and said things were going well with the paper.  He told me
that everything seemed to be going great and that the paper has been out on
print for a little while now.  It sounds great!  Please let me know how
everything is going, because I think its awesome what your doing.  Hope to
talk to you soon.
Ben


There is an article about the legal dept.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Steve:
 that works for me.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	steven.kessler@db.com
	06/22/2000 08:02 AM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: Re: My Schedule

How about 3:00 your time, 4:00 NY time?  It should be quick.

Steve

Original Message from Carol.St.Clair@enron.com @ HUB on 06/21:

Steve:
I am free anytime after 2 tomorrow afternoon.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


WE are long 50 mws at PV HE7 - HE22 on Saturday 12/16.  We parked this energy
with EPE.  I have already made the purchase side from EPE on Saturday in
Enpower (#481172) and the sale side will need to be entered in Enpower when
you sell the energy Saturday morning.  Please route the deal, input the price
as sold, and send me an email detailing who it went to, when and where.   We
purchased the energy at $175...I have not had a bid at Palo too far over
$125.
LDWP is looking to buy.  Be aggressive, make it easy for the dispatchers and
get this bilat sale DONE.

Thanks for your attention and good luck.

Bill


Hi Dale,

There is another change order #1 which has been signed by ABB but not Enron,
relating to the cancellation of a couple of transformers.  I don't think it
will be signed until next week.

Can this change order be used as incentive to get ABB to the table on the
breakout contract?

I'm sending a copy of this to Kathleen Clark at EECC and Ben Jacoby, just to
make sure there aren't any other change orders floating around.

Ciao,

Kay

Dale Rasmussen@ECT
11/20/2000 05:51 PM
To: Catherine Clark/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc: Don Hammond/PDX/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Jody
Blackburn/PDX/ECT@ECT

Subject: ABB / West LB Change Order #1

The final (?) draft of Change Order #1 for the Las Vegas transformers under
the West LB contract is attached.  Please confirm whether this should in fact
be Change Order #1.  If you see anything else you would like changed, please
let me know as well.

If everything appears to be in order, I will ask Chris Calger to sign the CO
and get it off to ABB.

I can be reached on my cell phone at (503) 803-1700.

Thanks.


Weather Headlines
Friday October 26, 2001

     ***Cold air in the East will linger through the weekend but will get
rapidly scoured out next week. Next trough set to enter the Western U.S.***

     There is currently a long and strong fetch of NW winds driving cold
air through the Plains and then South and East. Some Lake effect snows are
occurring with this as well though much of the Great Lakes moisture is a
cold rain. Sprawling high pressure covers almost the rest of the country
and the trend in temperature is about to become one of moderation. The
surface high in the Plains will shift to the East coast by early next week
and the NW winds now will shift to the SW allowing the warm up to commence.
It will start in the Plains this weekend and go East of the Mississippi by
Monday. My five day temperature departures are still largely below normal,
but they should be used with caution in a see-saw pattern such as this.
After all some areas(especially in the Plains) may start out 15-20 below
normal today and go 10-15 above normal by Day 5 (Tuesday). By the end of
the period, the Eastern trough will be out to sea, a new trough will invade
the West and Pacific style air will rule coast to coast. That air can be
damp along the West coast, but as it sinks over the mountains it quickly
warms up and dries out. This pattern is allowing the wet season to get
started in the PNW. It appears each successive Pacific storm is getting a
little stronger and forming further South. If the trend continues, we could
start seeing moisture getting into Northern California next week.

     I continue to see good agreement with the models in the 6-10 day
period. The country should remain bathed in Pacific air well into the first
week of November and I believe even beyond. Troughs continue to move into
the West and then in a progressive pattern stay fairly weak in their move
East. Without any blocking in Canada, it is hard for me to see much
likelihood for any arctic air to get entrained. My confidence remains high
in a largely above normal temperature forecast. It is a little less
optimistic in terms of precipitation. I question how much Gulf of Mexico
moisture can be worked back to the North, but some models suggest the
Plains could get wet next week. I have not discussed the tropics much this
week because there has not been a storm to mention. There still isn't, but
the overall pattern we are going into next week can in a climatological
sense sometimes crank something up in the Caribbean and push it North
towards Florida. My guess is there will not be a named storm as such, but
some potential for heavy rain.

For the period Friday October 26 through Tuesday October 30, expect the
following temperature trends:

Average 7 to 9-degrees below normal: Great Lakes, Ohio Valley,
Mid-Atlantic, Southeast...

Average 4 to 6-degrees below normal: Gulf Coast, Northeast, Mississippi
Valley

Average 1 to 3-degrees below normal: Plains,  Pacific NW...

Average 1 to 3-degrees above normal: California, Rockies...

Average 4 to 6-degrees above normal: Desert SW, Intermountain West...

Andy Weingarten... Meteorologist   APB Energy / True Quote Weather Desk