---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/11/2000
08:56 AM ---------------------------

Steven Leppard
06/21/2000 04:13 AM
To: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Olivier Herbelot/LON/ECT@ECT, Soma
Ghosh/LON/ECT@ECT
cc:
Subject: New real options presentation

All

Attached in the latest version of my real options presentation, which I'll be
presenting at a Real Options Group conference in Cambridge next month.

I've removed the gas storage pricing example, and instead put in a simple
example to show that my method can reproduce decision tree approaches (should
one wish to do so).  This is a response to the heavily decision-tree
dominated approach taken by most people at the last conference I spoke at.  I
want to demonstrate explicitly that my approach covers both decision tree and
option pricing as special cases, the synthesis needed for correct real option
valuation.

My presentation now covers:
1. Decision trees.
2. Binomial option pricing trees.
3. Power station valuation.
4. Power asset development.
The option pricing and power examples are based on the (too simplistic)
binomial tree method.  I obviously won't indicate my thoughts on the most
correct way to do this.

Steve


Hi Louise ,

Here are the numbers you were looking for.

Savita
 -----Original Message-----
From: 	Levy, Laura
Sent:	Wednesday, September 05, 2001 9:21 AM
To:	Puthigai, Savita
Cc:	Moorer, Torrey
Subject:	3rd Quarter Comparison 00 - 01

Laura Levy
EOL Product Control Group
Ext. 53551

<Embedded Picture (Metafile)>


Seems like something we'd want to wallpaper the halls of the state capitol
with.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 03/16/2001 12:56 PM -----

	Susan J Mara
	03/16/2001 12:51 PM

		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W
Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES, James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES,
James Wright/Western Region/The Bentley Company@Exchange, Jeff
Messina/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES,
Joe Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Richard
L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Rosalinda Tijerina/HOU/EES@EES, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard B
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Kathryn
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Ren, Lazure/Western Region/The Bentley
Company@Exchange, Michael Tribolet/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, jklauber@llgm.com, Tamara
Johnson/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Dirk vanUlden/Western Region/The Bentley
Company@Exchange, Steve Walker/SFO/EES@EES, James Wright/Western Region/The
Bentley Company@Exchange, Mike D Smith/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT,
psmith3@enron.com, mjackso7@enron.com, Janel Guerrero/Corp/Enron@Enron, Mark
Fillinger/SF/ECT@ECT, Jennifer Rudolph/HOU/EES@EES, Martin
Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, wgang@enron.com, Joseph
Alamo/NA/Enron@Enron, Tracy Ngo/PDX/ECT@ECT
		 cc:
		 Subject: Great Yergin Piece -- Washington Post Op-Ed

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/16/2001 10:50 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	03/16/2001 10:43 AM

		 To: <Barbara_Klemstine@apsc.com>, <Vicki_Sandler@apses.com>,
<berry@apx.com>, <dcazalet@apx.com>, <billr@calpine.com>,
<jackp@calpine.com>, <Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,
<rsnichol@newwestenergy.com>, <nam.nguyen@powersrc.com>,
<Curtis_L_Kebler@reliantenergy.com>
		 cc: <bzycher@rand.org>
		 Subject: Fwd: CA Power Crisis -- Washington Post Op-Ed

A great op-ed piece from Daniel Yergin.

Dan
----- Message from "David Haarmeyer" <dhaarmeyer@CERA.com> on Fri, 16 Mar
2001 11:56:07 -0500 -----
To:	"'Bill Burke'" <wburke@iapartners.com>, "'Dan Donoghue'"
<dan.donoghue@stoneweb.com>, "'Dan Douglass'" <douglass@arterhadden.com>,
"'Dan Sullivan'" <daniel.sullivan@stoneweb.com>, "'Harald Jensen'"
<hjensen@enron.com>, "'Henri Fouda'" <henri_fouda@putnaminv.com>, "'Ikram
Elloumi'" <ielloumi@aol.com>, "'Lee Marc Wolman'" <leemarcg@aol.com>,
"'Marsha Lin'" <mrlin@netzero.net>, "'Ron Daigle'" <rcdaigle@wellmanage.com>,
"'rmcwhinney@aol.com'" <rmcwhinney@aol.com>
Subject:	CA Power Crisis -- Washington Post Op-Ed

 -----Original Message-----
From:   Kari Paakaula
Sent:   Friday, March 16, 2001 10:11 AM
To:     NAEP Team
Subject:        Washington Post Op-Ed
California in the Dark
By Lawrence Makovich and Daniel Yergin
Friday, March 16, 2001; Page A21
The common diagnosis of California's electric power debacle is wrong. The
state is not suffering from deregulation. Rather, it is afflicted by a
strange mutant ailment -- partial deregulation and now partial reregulation
-- that has produced a flawed market. California designed a market that
disconnected customers from prices and, at the same time, made it neither
profitable nor possible to build a new power plant. The result is a serious
power shortage.
Instead of fixing these flaws, the current policies from Sacramento are
moving California down the road to an expensive public power setup and higher
prices for consumers and businesses. And the shortage is going to get worse
this summer. Under typical weather conditions, the state could face as much
as a 10 percent shortfall in electric power during summer peak demand, which
will mean severe emergency conditions and periods of blackouts. The effect is
likely to be a big shock not only to the economy of California and to the
rest of the interconnected West but also to the bruised national economy.
Unlike other states that have successfully deregulated over the past few
years, California has made three crucial mistakes since the mid-1990s, when
restructuring of the power industry began.
The first is the political unwillingness to allow consumers to see real price
signals. The so-called "wholesale price" -- what utilities pay to generating
companies -- has been decontrolled, but the price consumers pay to the
utilities has not. Consumer prices are remain at 1996 levels, and Gov. Gray
Davis has promised to hold to his pledge of no rate increase. Although the
price of natural gas, which is used to make a large and rapidly growing share
of electricity in California, has increased dramatically, consumers would not
know that from their bills. Nor would they know that rain and snowfall
levels, on which California critically depends for hydropower, are at low
levels. As a result, the utilities have been in the perverse position of
selling power to their customers at much lower rates than they are buying
power from generators. That is why the utilities are now $13 billion in the
hole and teetering on bankruptcy.
Instead of letting customers see higher prices that reflect the realities of
supply and demand -- and then act accordingly -- the state is going to use
their tax money to advertise conservation. But 25 years of experience
demonstrates that promoting conservation without price signals is not very
successful. Instead of paying through their bills, Californians will be
paying through their taxes for various measures that will enable politicians
to say that they prevented electric power rates from going up.
As California drains electricity from its neighbors, residents of those
states are seeing their power bills go up by 30 percent or more. We calculate
that if rates in California rose by just 20 percent, a third of the shortage
could disappear in a matter of months. But instead, the state has embarked on
a course of passing higher costs along to consumers in neighboring states and
leaving the major bill to be paid by Californians themselves in decades to
come.
The second mistake in California is a failure to charge customers for
"capacity." Electricity, unlike other commodities, cannot be stored. If there
is a shortage of telephone equipment, the result is a busy signal --
frustrating but survivable. But when it comes to electric power, the
equivalent of a busy signal is a blackout, and that is unacceptable. Thus, a
well-functioning power system needs to pay generators to maintain adequate
capacity. That includes a reserve of capacity about 15 percent above expected
demand to cope with the unexpected -- whether it's a heat wave, a sudden
surge in economic growth or breakdowns in aging power plants. In contrast to
other states, California's scheme did not provide any incentive for
generating companies to add new capacity and maintain that kind of reserve.
The third mistake is the creation of monumental obstacles to siting and
granting permits to new facilities. California is one of the most difficult
places on earth to build a new power plant. The environmental permit process,
in contrast to other states, is complex, cumbersome and deeply discouraging
to would-be investors. Companies will spend three or four years to get
approval after approval -- and then find their proposal shot down by yet
another local group.
As a result of all this, no major new plants have been built in the state in
the past 10 years. Meanwhile, the California economy grew 29 percent over the
past five years. In the same time, its electricity consumption increased by
24 percent. The result was inevitable -- a shortage.
California is on the verge of making three more mistakes in dealing with the
power crisis. First, the state is signing badly designed long-term contracts
for electricity in the midst of a shortage. California cannot simply finance
the crisis forever into the future. This summer is likely to generate
billions of dollars in additional uncollected wholesale power charges, which
now appear likely to be on the state's books, to be paid over an untold
number of years.
The second mistake is the plan for a state takeover of the transmission wires
to provide a multibillion-dollar cash infusion into the state's three biggest
utilities in order to temporarily hold bankruptcy at bay. The prospect of the
state -- now the largest power purchaser in the market -- controlling the
physical infrastructure necessary for market interactions will have a
chilling effect on power investment. As a result, the state could well end up
having to assume the role of building new power plants in the future.
Third, a market breakdown this summer would add enormously to the pressure
for price caps on wholesale power. But even "temporary" price caps, because
of uncertainty over their duration and effect, would slow rather than
encourage new investment. Unfortunately, the state's current plans and
proposals divert attention from ways of fixing the problem and have
California on the path to an expensive and expansive public power authority.
The priority need is, first, to move very quickly to increase supply and
reduce demand, and to do so now, while the coming big shock is still a few
months away. Second, the flaws in the market should be fixed, taking
advantage of the positive lessons of deregulation from other parts of the
country. But that won't happen without political will -- and a surge of
realism.
Lawrence Makovich, senior director of Cambridge Energy Research Associates,
and Daniel Yergin, chairman, are co-authors of "Beyond California's Power
Crisis: Impact, Solutions, and Lessons."
, 2001 The Washington Post Company


CPR does not have historical data before Oct. 2000. Please go to O:\_Dropbox\FMA to pick up the file. File name is "enovate.xls".

Felicia
 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Monday, October 15, 2001 12:54 PM
To:	Ma, Felicia
Subject:	Chicago office listing

Kam Keiser suggested I call you to help with a request I received from our auditors.  Can you give me a list of all of the deals that have been put into Sitara for the Chicago office - the book/counterparty name will be Enovate.  The Arthur Anderson auditors have requested this information.  They are doing an audit of Enovate and want a list of all of the deals since the book started in order to get a sample size for their audit.  you should not have to go back farther than 01/00.  Thanks for your help and shout if you need anymore information.
PL


Jim,

The pilot RTO Info Database is attached as per your request. Please
understand that this is a preliminary Draft of the database.

The database is pretty straightforward. The first page contains a list(with
links) of the current RTO in the database.
Document links for the talking points/Key issues have been completed for
DStar, Florida, and Southeastern.
The others will be completed shortly.

I welcome any suggestions/concerns as I will be changing most of the fields
of the database on an ongoing basis.

DH

p.s. If you have problems entering text or making changes the password to
unprotect the workbook is "Achilles"


FT- Ontario granted  $324,805 in Middle Market Chicago originations that was
not recognized on the NGPL.

Robin
x57478


Jesse, I put in a buy deal to purchase the gas back from CES, deal 318748.

Robert, I entered a buy and a sale to capture the financial difference on
CGAS, deals 318749 and 318750.  I may kill these deals if ENA purchases the
gas back from CES at Mainline.  I'll keep you posted.


Paul, Attached are the documents for Greeley which are:

Master Firm Enfolio
Confirmation to Enfolio
Letter Agreement governing the Transport and Storage Arrangements

Please review specifically the Confirm and Letter Agreement.  I will give
these a once more over and we should be able to send to Greeley tomorrow.


I'm hoping they have good movies on the flight!  But I'm also bringing a good
book, and I'll probably bring a pair of headphones...even if I don't plug
them into anything.  I think I'll have them as a decoy in case I end up with
an annoying neighbor for the flight.  Everyone around me knows my travel
plans as well as I do.  I think I must have become a little annoying myself.

Well back to work.

Talk to ya later,
Robin


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 03/21/2001
09:45 AM ---------------------------
From: Richard Tomaski@ENRON on 03/21/2001 09:33 AM
To: Andrew H Lewis/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT
Subject: Tony's deals

Andy - can you please forward this email to your book person to change these
attached deals from ENA- PGL  to ENA - and the actual counterparty.  Our
confirmation guys should send out a confirm to verify these deals.

Tony is continuing to look for additional Harper \ northern border supplies.
I will let you know if he finds anything of interest.


For anyone who will be in Houston tomorrow and is interested...

----- Forwarded by Sue Nord/NA/Enron on 12/13/2000 09:28 AM -----

	Robert Frank
	12/12/2000 11:51 AM

		 To: Mark Greenberg/NA/Enron@ENRON, Alan Aronowitz/HOU/ECT@ECT, Lisa
Yoho/NA/Enron@Enron, Sue Nord/NA/Enron@Enron
		 cc: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
		 Subject: UETA/UCITA presentation - Thursday 12/14 10 a.m. - Room 4741

Jeff Dodd will be here this Thursday (12/14) from 10 a.m to noon, to discuss
UETA, ESIGN and UCITA.  Jeff is a nationally recognized expert in these
areas.  Basically, this is an opportunity to get a free primer and to explore
how legal developments in these areas may affect your respective areas of
concern.
Feel free to invite others who may be interested.

I have attached a draft agenda prepared by Jeff.


Please coordinate with Milbank to get the requested documents under #5
----- Forwarded by Richard B Sanders/HOU/ECT on 07/23/2000 08:51 AM -----

	Lisa Mellencamp
	07/19/2000 01:15 PM

		 To: Richard B Sanders/HOU/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, Brian
Vass/HOU/ECT@ECT
		 cc:
		 Subject: nsm

divide and conquer strategy devised with paul aronzon at milbank:
1. i am getting local thai counsel. have email richard out to bruce lundstrum
re. we will file a claim even tho not submitted to cedrac procedures.
2.brian is getting a hold of jim ajello to have him call the other c
bondholders to alert them as to the aug. 7 filing deadline since we were
holding hands with them.
3.paul is calling cleary to document the handshake deal on what the c holders
will get from the bs.
4.when that happens brian you and jim will need to call back the other c
bondholders.
5.richard can you have the paralegal working on the case (was it linda?) pull
the underwriting agreement, the shareholders agreement and the management
agreement and anywhere else we think there may be an indemnity to file any
indemnity claim we can think of? also can you do a short description of the
lawsuit to put in the proof of claim??
6.paul is getting a general update of the status. of the case and the
facility.

Lisa J. Mellencamp
Enron North America Corp.
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393


I don't know if this will be helpful or not....
----- Forwarded by Mark Taylor/HOU/ECT on 11/27/2000 03:43 PM -----

	Jordan Mintz
	11/22/2000 02:44 PM

		 To: James Derrick/Corp/Enron@ENRON, Rob Walls/NA/Enron@Enron, Mark
Taylor/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Ben F Glisan/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT
		 cc: Gareth Bahlmann/HOU/ECT@ECT, Joel Ephross/Corp/Enron@ENRON, Julia H
Chin/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Nora
Dobin/Corp/Enron@ENRON, Brenda L Funk/HOU/ECT@ECT, Gina
Karathanos/Corp/Enron@Enron
		 Subject: Dealflow - 11/22/00

Attached are the EGF-Legal dealflow sheets for Q4--in progress and closed
transactions.  Please feel free to contact me or any of the EGF attorneys or
assistants with any questions and/or comments you may have.

Jordan
---------------------- Forwarded by Jordan Mintz/HOU/ECT on 11/22/2000 02:39
PM ---------------------------

Darlene C Forsyth
11/22/2000 02:13 PM
To: Jordan Mintz/HOU/ECT@ECT
cc:
Subject: Dealflow - 11/22/00


Scott,

Yes, my group will be the ones to book the demand charges in sitara.  Can you please contact that regional controller for the charges.

West-Kam Keiser
Central-Scott Palmer
East-Phillip Love
Texas-O'neal Winfree

Thanks
Kam

 -----Original Message-----
From: 	Dozier, Scott
Sent:	Monday, January 07, 2002 8:51 AM
To:	Christiansen, Suzanne
Cc:	Jacobs, Charles; Keiser, Kam
Subject:	RE: Coral - 5/01 Deficiency Charges

Suzanne,

I was wondering if you had a chance to research the below note.  Furthermore, please note the updated file attached.  There are no changes volumetrically from the last file, but there are some price differences.  Basically, Coral has taken these deficiency charges in their final settlement with Nov-01 prod.  So, the need is to verify the correctness of their claim to these charges.  Please advise on what you might know about this from a scheduling point of view when possible.

Kam,

We talked briefly about this before the holidays.  The price problem we discusses has been cleared up by Coral.  However, I assume that you need to be in the loop to also verify the overall deficiency charges and ultimately approve the creation of demand charges on the appropriate deals.  Please let me know where you stand on this or what might be my next steps in cleaning this up.

Thanks,
Scott Dozier
Client Services - Settlements
Enron Net Works LLC
office: 713.345.7213
fax: 713.646.8420
email: scott.dozier@enron.com

 << File: CoralEne05Def.xls >>

 -----Original Message-----
From: 	Dozier, Scott
Sent:	Wednesday, December 19, 2001 10:01 AM
To:	Christiansen, Suzanne
Cc:	Jacobs, Charles; Valderrama, Lisa
Subject:	Coral - 5/01 Deficiency Charges

Suzanne,

Here is the spreadsheet that we discussed earlier today.  The worksheet of concern is titled "Sched".  Each deal is listed by group.  That is to say that they are not listed by day, but the days in question are mentioned for each group.  Furthermore, the volumes on the left of each group are from Coral's data, whereas the right side contains ENA data or my calculations.  Please prioritize these as you can with the expectation that I might be able to work on this upon my return from vacation on Jan 2.

 << File: CoralEne05Def.xls >>

Thank you,

Scott Dozier
Client Services - Settlements
Enron Net Works LLC
office: 713.345.7213
fax: 713.646.8420
email: scott.dozier@enron.com


---------------------- Forwarded by Tana Jones/HOU/ECT on 12/21/99 09:06 AM
---------------------------

David Forster
12/21/99 03:48 AM
To: Leslie Hansen/HOU/ECT@ECT
cc: Frank L Davis/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT
Subject: Re: F/U re European power trading by U.S. counterparties

This is contrary to the mandate of EnronOnline, which is to make global
products trading available to our customers.

If there is a specific reason for shutting down a company, then we must do so
- but we cannot restrict companies from trading products simply because we
don't think they want to.

How about this as an alternative:

1) Define the rules which are applied to restrict companies for trading (e.g.
Must have a Power license to trade Power)
2) Distribute the appropriate rules and company lists between the NA primary
legal contact and UK primary legal contact (for profile purposes)
3) Each legal group (NA and UK) apply each others rules to the companies
which they are reviewing
4) Each legal group copies the other with the final company profile which
they are sending to Frank Davis.

In this way, profiles should be correct as they leave each legal group, but
each group has the opportunity to scan the work of the other. If there are
any problems, then the customer profiles can be corrected - if necessary
after the fact.

This exposes us to (in my opinion) a very small risk that:
 1) The rules for one group are not correctly applied by the other or there
are extenuating circumstances for a particular party and
 2) The error is not caught before the customer transacts (bear in mind that
after legal completes their review, there is still a great deal of time
before the customer can transact, on account of: profile completion process,
mailing time, customer delay before trading)

Dave

Leslie Hansen
12/20/99 05:15 PM
To: Frank L Davis/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Bob
Shults/HOU/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT

Subject: F/U re European power trading by U.S. counterparties

I have spoken with Edmund Cooper to follow up regarding access to European
power products by U.S. counterparties.  Edmund and Justin Boyd have discussed
the issue and determined that they would like to follow an approach similar
to our approach for U.S. power products.  U.S. counterparties should be
granted read-only access to European power products.  If a specific U.S.
counterparty wants to trade European power products, the request for access
can be examined on a case-by-case basis.

Leslie


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 01/26/2000
01:32 PM ---------------------------

troy_a_benoit@reliantenergy.com on 01/26/2000 01:00:03 PM
To: Ami Chokshi/Corp/Enron@ENRON
cc:

Subject: COPANO CHANGES

(See attached file: HPL-Jan.xls)(See attached file: HPL-Feb.xls)

 - HPL-Jan.xls
 - HPL-Feb.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/25/2000
02:02 PM ---------------------------

"Oliver Bennett" <conf-ny@msn.com> on 01/24/2000 08:12:16 AM
Please respond to "Oliver Bennett" <conf-ny@msn.com>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Risk 2000 - Boston

Dear Vince,

I apologise for sending another email.  I was wondering if you could confirm
your talk title (plus some bullet points) for your presentation at our Annual
US Congress.  I have attached a condensed programme for the event - you are
speaking on stream three, part of the new research in derivatives modelling
and analysis section.
Unfortunately we are printing the brochure at the end of the week and will
need these details by thursday 27 January.

Best regards,
Oliver

Direct: +44 171 484 9880

Risk Publications, 28-29 Haymarket, London SW1Y 4RX
Fax: +44 171 484 9800  Email: conf-ny@msn.com
www.riskpublications.com
 - att1.htm
 - condensed.doc


Goo with Madeira sauce would be good too!

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Monday, November 06, 2000 12:17 PM
To: Craig Lindberg
Subject: RE:

Goo chili (tastes similar to rattlesnake chili)
Or how about Goo tacos -- a taste of Old Mexico.

Craig Lindberg <craigl@calpine.com> on 11/06/2000 11:58:18 AM

To:   "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject:  RE:

funny!

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Monday, November 06, 2000 11:35 AM
To: Craig Lindberg
Subject: RE:

I am a sleepy girl!

Dinner tonight:  Goo stew.

Craig Lindberg <craigl@calpine.com> on 11/06/2000 11:18:58 AM

To:   "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject:  RE:

Yes so far so good. Getting a lot done.

Craig

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Monday, November 06, 2000 11:28 AM
To: craigl@calpine.com
Subject:

Are you awake?


Dan -- As we had discussed, attached for review by TXU are the basic forms of (i) Master Netting, Setoff and Security Agreement and (ii) Collateral Annex.  I have modified the former document to show those master agreements which the Enron Credit group had identified to be referenced.  Please contact me or the Enron Credit group's Jay Williams (tel. 713-345-3923) with any questions you may have.  --David Portz

David A. Portz
Senior Counsel
Enron North America  Corp.
1400 Smith, EB 3805a
Houston, Texas   77002-7361
Phone:   713-853-9239
Fax:   713-646-3491
Assistant:   Linda Simmons (Ext.  57851)


I am  going to Berkeley right now to pick up the case, so I could talk about
it  potentially tonight or tomorrow night.? I usually have class on Tuesday,
but I am not going to go tomorrow.? Let me know what works for  everyone.? I
would prefer discussing via conference call if  possible.

[Carolyn  Vavrek]?
?
?-----Original Message-----
From:  Anil Sama [mailto:asama@yahoo.com]
Sent: Sunday, February 04, 2001  7:48 PM
To: Mark Guinney; Vavrek; Carolyn (US - San Francisco);
chin@haas.berkeley.edu; sama@haas.berkeley.edu;  Jeff.Dasovich@enron.com
Subject: Re:RE: Home Depot  Question

Hi Team,

I was in class all day yesterday, and could not bear to be indoors  on?yet
another awesome day!! Purnima and I spend all day hiking. So -  I have
not read the Home Depot case yet - and am only just starting on it  :-(?
Good thing we don't have a case to prepare for Tiffany's class  Wed!

Let's get an email dialog going once we get Mark's spreadsheets?
I'd  also be up for?a meeting/conf call late Mon/Tue eve to do the writeup.

-Anil

? Mark Guinney <Mark_Guinney@watsonwyatt.com>  wrote:
Hi  Carolyn. I'm running the numbers and the rest of you, team, are
responsible
for the strategy and interpretation of the numbers for case  2. Case 1 was
fine.
I have a few questions for our beloved professor and  when she responds I'll
e-mail out my spreadsheet  models.

**********************************************
Mark D.  Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345  California Street, Ste. 1400
San Francisco, CA 94104
(415) 733-4487  ph.
(415) 733-4190 fax

Do You Yahoo!?
- Get personalized email addresses from Yahoo! Mail Personal Address - only
$35 a year!


I would like to see the resumes.


I'll wait for your direction since we need to communicate this to EOL and
Credit.

	Jane McBride@ENRON
	10/16/2000 07:03 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Rousseau
Anai/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON, Morten E
Pettersen/AP/Enron@Enron, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mingcheng Lian/AP/Enron@Enron
		 Subject: EOL-Weather trading-Password applications

Dear Tana,

Re Japanese counterparties generally, we are preparing a list of documents to
be submitted at time of application for passwords, as well as a check box for
use by EOL staff in considering applications to deal with the various general
legal issues which have been raised.  (The idea is that anything which falls
out of the boxes comes to me for separate consideration but we trying to do
it to minimize this need.)

Re Japanese counterparties which want to do weather, the safest approach for
a would-be counter party which is not a bank, securities company or insurance
company (or at least does not have these words in its name) is for the
application to come back to me in Tokyo for consideration in the context of
the laws which prohibit gambling and what we can do to protect ourselves.

Thanks.

Jane McBride

	Tana Jones@ECT
	10/13/2000 01:58 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: Japan PAs

Per our conversation while you were here, attached is a list of all the
Japanese counterparties that have requested Password Applications from
EnronOnline.  Let me know you thoughts about this, and, as we discussed,
online due diligence with respect to Japanese counterparties.
----- Forwarded by Tana Jones/HOU/ECT on 10/12/2000 11:56 AM -----

	Lisa Lees
	10/05/2000 08:53 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Japan PAs

Let me know if you need anything else.


Jeanne, Perry,

Is the data current? If Perry is comfortable that the data is ready to go, I would like to place this into production today 10/19/01 if at all possible.

Toby

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Friday, October 19, 2001 11:53 AM
To:	Kuehl, Toby; Darveaux, Mary
Cc:	Schoolcraft, Darrell; Licciardo, Jeanne; Lohman, TK; Betancourt, Ramona ; Watson, Kimberly; Frazier, Perry
Subject:	RE: url for tw unsubscribed capacity report

Looks ok to me-  thanks  for the work on this-  MK

 -----Original Message-----
From: 	Kuehl, Toby
Sent:	Friday, October 19, 2001 7:54 AM
To:	Miller, Mary Kay; Darveaux, Mary
Cc:	Schoolcraft, Darrell; Licciardo, Jeanne; Lohman, TK; Betancourt, Ramona ; Watson, Kimberly; Frazier, Perry
Subject:	RE: url for tw unsubscribed capacity report
Importance:	High

Mary Kay, Mary,

The requested changes have been made to the "TW Unsubscribed Capacity". Please review the test site http://twdev.ets.enron.com/twdb/etfr_unsubcapasp.html and at your earliest convenience let me know if you are satisfied with the format changes.  Patty is looking into when the table changes will be made so we can place into production.

Toby

Toby

 -----Original Message-----
From: 	Licciardo, Jeanne
Sent:	Thursday, October 18, 2001 9:15 PM
To:	Kuehl, Toby; Lohman, TK; Schoolcraft, Darrell; Betancourt, Ramona ; Watson, Kimberly
Subject:	FW: url for tw unsubscribed capacity report

Here is the report in Model office. Please review for completeness and sequence of the new groups that were added. Do not verify the content of the data , this is Model Office data that has not been refreshed from Production. Please let me know your approval to proceed with this move to Production. Please forward to anyone else that needs to review prior to production. Also attached is the updated Groups document.

  << File: cas group name.xls >>
[Licciardo, Jeanne]
 -----Original Message-----
From: 	Hermanek, Patty
Sent:	Thursday, October 18, 2001 4:26 PM
To:	Frazier, Perry
Cc:	Licciardo, Jeanne
Subject:	url for tw unsubscribed capacity report

Here's the url for the tw unsubscribed capacity report.  The report now displays 10 groups.

http://twdev.ets.enron.com/twdb/etfr_unsubcapasp.html

If you have questions, please ask.

Thanks.


Duane Hart has been offered opportunities at two other companies that provide
compensation packages far more lucrative than anything EOTT can afford or
justify at this time.

Last night I had dinner with another candidate, Nick Bednorz, VP and
Controller of Coral Energy, that I would like you to meet.
Nick comes highly recommended by Stan Horton and Rod Hayslett.

Shelly will coordinate the meetings.


California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more
than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse group
of wholesale electricity merchants than suggested by Gov. Gray Davis, who has
aggressively blamed a handful of Texas companies, state records show.
During the first three months of this year--one of the worst stretches of
power shortages during the crisis--an assortment of public and private
entities charged the state prices averaging well above some of those paid to
Texas firms, according to documents released to The Times on Monday by the
Department of Water Resources, which now buys power for California.
Among those setting and collecting some of the highest average prices per
megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas &
Electric's parent company, and the Los Angeles Department of Water and Power,
the report shows. Their average prices ranged from $498 a megawatt-hour
charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292
an hour by the DWP.
In fact, some of the biggest private power companies singled out for
criticism by Davis and other state officials--Dynegy Inc., Duke Energy and
Mirant--charged less than the average prices the state paid for the period.
Those companies' average prices ranged from $146 to $240 per megawatt-hour,
according to an analysis of the documents.
The figures cover the various types of spot and longer-term power purchased
by the state during three months that included rolling blackouts and more
than a month of razor-thin reserves, leading to continuous power emergencies.
Davis spokesman Steve Maviglio said the governor has directed his sharpest
barbs at private out-of-state generators because, in general, they have
reaped the highest profits over the longest period.
"You have to look at the whole picture," Maviglio said.
"The governor was expressing his displeasure with the arrogance of the
generators who wear cowboy hats," he said. "Their profits were 100% to 400%
above last year. . . . Just because there are other entities who are charging
us more [per megawatt-hour] doesn't change the fact that we are getting
ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."
The report by the Department of Water Resources was provided to The Times on
the same day the state released 1,700 pages of documents on California's
electricity purchases on the volatile spot market for the year's first
quarter.
The records detail how the state spent nearly $8 billion buying power in the
first five months of the year, and underscore the complexity of the state's
energy problem. They also show that patterns of high prices are not limited
to a few generators.
Oscar Hidalgo, a spokesman for the water resources agency, said that the
reports together show that prices were extremely volatile early in the year.
"All the prices were high," he said, noting the downward trend in costs since
his agency began buying power in mid-January.
The average price per megawatt-hour for all state purchases went from $316 in
January to $243 in May. Spot prices fell from an average of $321 per hour to
$271, the reports show.
In the first quarter of the year, some public entities' prices far exceeded
those of the biggest private companies. For example, Houston-based Enron, one
of the nation's biggest power traders, charged an average of $181 per
megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a
total of $706 million, charged an average of $225 per megawatt-hour.
By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a
megawatt-hour, and the Sacramento Municipal Utility District had average
charges of $330 per megawatt-hour.
A spokesman for Enron, Mark Palmer, said recently that the "vilification of
Enron was based on politics, not facts." Spokesmen for BC Hydro could not be
reached late Monday to comment on its huge sales to the state. In the past,
the utility has defended its pricing practices, saying it has offered
last-minute hydroelectric power that helped keep California's lights on.
A spokeswoman for Sempra, the parent company of San Diego Gas & Electric,
said late Monday the company was unable to comment because it had yet to see
the figures released by the state. Officials at DWP, who could not be reached
Monday evening, have defended their pricing, saying the costs of producing
the power needed by the state were extremely high.
More Power Bought Than Projected
Hidalgo, of the Department of Water Resources, said his agency's efforts,
coupled with conservation by business and consumers and falling natural gas
prices, have begun to tame the state's market.
Still, the state had to purchase $321 million in power in April and May,
about 10% more than Davis' analysts had projected.
Hidlago said that was because of hot weather in May and other supply problems
in April. He said reports will show that power purchases fell short of state
projections in June and early July.
The reports also will show that prices paid by the state were down in June
and July, partly because spot prices have fallen sharply, often to well under
$100 a megawatt-hour.
A summary Department of Water Resources report released Monday credited
Davis' program of nurturing new power generation and establishing long-term
power contracts with with "moving the California electric energy industry
closer to normalcy."

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


Gentlemen,

 I continue to speak to an attorney for help with the investment structure
and a mortgage broker for help with the financing.  Regarding the financing,
I am working with Jim Murnan at Pinnacle Mortgage here in Houston.  I have
sent him some information on the project, but he needs financial information
on you.  Can you please send it to him.  His contact information is:  phone
(713)781-5810, fax (713)781-6614, and email jim123@pdq.net.

 I know Larry has been working with a bank and they need my information.  I
hope to pull that together this afternoon.

 I took the liberty of calling Thomas Reames from the Frog Pond document.  He
was positive about his experience overall.  He did not seem pleased with the
bookkeeping or information flow to the investor.  I think we should discuss
these procedures in advance.

 Let's continue to speak or email frequently as new developments occur.

Phillip


Please disregard the list on the first e-mail and use this one instead. Also, please note that for dial-in purposes, the phone number in the conference room is 713-584-1091

 -----Original Message-----
From: 	Mcquade, Jennifer
Sent:	Friday, February 01, 2002 3:48 PM
To:	Abramo, Caroline; Belden, Tim; Benson, Robert; Calger, Christopher F.; Choi, Paul; Clark, Chad; Cowan, Mike; Curry, Mike; Davis, Mark Dana; Dorland, Chris; Furrow, Dale; Gilbert, George N.; Lagrasta, Fred; Llodra, John; Mcdonald, Michael; Otto, Charles H.; Presto, Kevin M.; Rorschach, Reagan; Rosman, Stewart; SMITH, Douglas; Thomas, Paul; Tycholiz, Barry; Valderrama, Larry; Vickers, Frank; Whalley, Greg; Zufferli, John
Cc:	Forster, David; Diamond, Daniel; Mandola, Teresa
Subject:	UBSWenergy Launch Meeting

Please plan on attending a meeting Monday, February 4 at 10:30 AM in ECS 05075in to pick up your launch packets and discuss the procedure and timeline for contacting customers. Those of you outside of Houston should receive an overnight package Monday. The meeting will be very brief. If you have further questions or are unable to dial-in, you can contact me directly at 5-3614 or Teresa Mandola at 3-9807.

Also, please find attached the marketing contact list. You can filter by your name in the PA column to view the counterparties which you are responsible for contacting regarding the Password Application.


Clayton,

We can discuss your request  when I come back to the office on Monday.

Regarding the trip to Portland. Such a trip requires an  explicit prior
permission from your boss,
myself in his absence, or Stinson in my and Vasant's absence.
In case you did not ask for such a permission before, the request  is denied.

Vince

	Clayton Vernon @ ENRON
	07/20/2000 03:12 PM

To: Vasant Shanbhogue/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: status

Vasant-

I hope you had a wonderful vacation back home, and are rested and recovered
from the long flight back.

I wanted to give you an update of the EOL project, the Gas Model, and of my
intentions here at Enron.

Software (in compiled C on the Unix platform) has been developed and debugged
to listen to the EOL trades, process them, book them, and file them away. In
addition, software has been developed and debugged to mark these to market on
a continual basis, and to store the entirety of open positions on EOL in a
dynamic matrix facilitating analysis. IT has yet to get back with me on how
the software can be informed of those trades ultimately rejected for credit
purposes.

These data files are stored in a format for reading by Excel or by SAS, for
which I have written the data step program and basic tabulation routines
elucidating the structure of the data.

I am in the process of documenting all of this for you.

With regards the Gas Model and its slow performance on the Compaq, Dell has
agreed to loan me one of their competing machines to the Compaq, to see if
the performance issue of the LP is related to the Compaq. I have been
researching this issue with IT here and with Compaq and Dell. The new machine
will be here any day now (no financial obligation to anyone), and I will be
able to immediately ascertain whether the problem the model is having is
Compaq-specific.

I am also in the process of documenting the Gas Model for you.

I've tried to do my best for you, Vasant, but I have been frustrated by not
only the death of my mother but some internal systems in IT here. Just the
other day, SAS could not open a full query of the EOL database because there
wasn't enough free space on the server's hard drive for the workfiles. In
discussing some of these issues with some good friends of mine in power
trading, people whom I have known for over 10 years, they indicated they were
ubiquitous here. The power traders have similar PC's to my new one, and they
have complained from Day 1 that theirs are slower than their old ones.  Also,
there remains a large frustration with the development of data warehouses;
during my brief tenure here IT has gone through two differing proposals as to
how to address this. When I have been told of tools available for real-time
data harvesting, my requests for such have typically been met with "well, we
have it, but we haven't really tested it yet." An example is the weather: we
still do not record to disk the hourly NWS observations from the GOES
satellite.

My interests here are to help Enron to do well, because I will do well only
if Enron does well. These aren't empty words- my IRA is 100% invested in the
Enron stock fund. I believe my best contributions to Enron will be in the
areas of systems as well as modeling, and the difficulty working in the
Research Group, in terms of systems development, is that, frankly, few people
at Enron seem to care what a researcher thinks about our systems. We aren't
directly generating revenues for Enron, and we aren't really their customers,
except in our relatively small deparrtmental infrastructure expenses.

As it happens, Power Trading posted an opening for a Modeling and Forecasting
person, and I spoke with them and they asked me to take the job, reporting to
George Hopley. It is a wonderful opportunity for me, Vasant, as they are
interested in large system modelng of power grids as well as improving their
traders' access to real-time fundamentals data. I was completely candid with
Kevin Presto regarding my shortcomings here in Research- I told him you were
disgusted with me because I repeatedly failed to meet time deadlines. They
also understand I have yet to be at Enron for 1 year, and thus may only bid
on a job with your permission. We agree the move is good for Enron; we all
work for Enron, and your acquiescence to the move does not endorse it but
merely permit it. They are comfortable with me- they have known me for years
as a hard worker, honest and unpretensive. They have already ordered a
state-of-the-art Unix workstation and server for me, and they have told me
they will commit whatever resources are necessary for me to be successful,
including hiring an Analyst to work for me. And, I have already been able to
teach their analysts improved techniques for data harvesting and analysis I
have learned here.

So, I am requesting your permission to bid for this job opening. It would be
a lateral move in position and salary, and I would commit to you to help you
in any way possible in the future with regards the Gas Model or the EOL
database. I will continue to work on their improvement, and complete their
documentation.

As it happens, I am away on Enron business in Portland Monday and Tuesday,
and will be back Wednesday. I had wanted to talk face-to-face instead of by
email, but Enron business supercedes- I am on a team designing the data
warehouse for floor trader support.

Clayton.


Please review and abide by the following travel policy and best practices.

Feel free to call either Tina Spiller or Peggy McCurley if you have any
travel policy questions.

Thank you.

http://home.enron.com:84/messaging/teupdated.doc

http://home.enron.com:84/messaging/enwtravelbroch.pdf


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Horns Get 2 Top Recruits

The Longhorns have 14 commitments after getting pledges from two top 100
national recruits since my last newsletter.
As expected, DE Chase Pittman, 6-5, 263, 4.7, of national powerhouse
Shreveport Evangel, committed to Texas during ceremonies at his church on
Sunday, September 16.
The other national top 100 pledge the Horns got recently was from LB Garnet
Smith, 6-3, 221, 4.54, of Arlington Lamar,  who first committed to Oklahoma
Monday, Sept. 17, then switched to Texas two days later and said he is solid
for the Longhorns.
The Longhorns are close to getting a commitment from Tyler DB Matthew Melton,
5-11, 190, 4.43, who is being highly recruited because he is big enoough to
play safety, fast enough to play corner, and, unlike many of the state's
other top DBs, is a full qualifier.
Tyler is 4-0 this season and is one of the state's top teams. Melton missed
one game with a sprained ankle, but he had 21 tackles and one interception in
the other two games prior to their game Saturday.
"I'm very close to committing to Texas," he said. "I'll probably do it in the
next month."
Pittman chose Texas over LSU at the end, but he was recruited by top schools
from all over the country.
He is the brother of Cole Pittman, the sophomore Longhorn DT who was killed
in a vehicle accident in February while returning to Texas for spring
football practice.
I went to Lufkin Friday night to watch Evangel play Lufkin, one of the top
teams in Texas. In last week's USA Today rankings, Lufkin, led by QB Reggie
McNeal, an A&M pledge, was rated No 4 in the country, and Evangel, led by
sophomore QB John David Booty, 6-3, 185, 4.5, and Pittman, was rated No. 20.
Evangel defeated Lufkin, 33-17, primarily because of Booty's throwing and a
stout defense led by Pittman. But Booty isn't the only stud sophomore on the
Evangel team.
DE Chris Bowers, 6-2, 230, 4.6, is a budding star on the side opposite
Pittman.
Lufkin ran away from Pittman's right DE spot all night, but he still had, by
my count, a sack, three QB pressures and eight tackles.
McNeal is a 10.3 sprinter, but Pittman twice came from the  far side to run
him out of bounds. He has outstanding speed and quickness and is on many
national top 100 teams.
Lufkin has an underclassman who will be a big man in recruiting circles next
year. He is TE-WR-QB Terrance Parks, 6-4, 220, 4.6. With McNeal struggling
early in the game, he moved to QB and brought Lufkin back from a 19-0
deficit. He, not McNeal, was named the Panthers' offensive player of the game.
Texas also is trying to sign Jonathan Wade, a 5-11, 170-pound cornerback at
Evangel. He has committed to Tennessee, but took an official visit to Texas
the weekend of the North Carolina game. He is the top sprinter in Louisiana.
With a 1,200-plus SAT, Smith said UT's academic superiority over OU was a big
factor.
Despite his early commitment to OU, Smith said. "I'm sure now. I am solid on
this. I definitely know where I want to go and it is Texas."
Smith said, "I want to go where I will be happy, and I feel like I will be
happy in Austin. The Texas people have said nothing but nice things to me,
even when I was committed to Oklahoma, but the OU people haven't been that
nice."
He also said he had never realized how much difference there is in the two
schools academically until he looked at an academic rating of colleges.
"Oklahoma just can't compare to Texas academically," he said.
Smith  said his head coach and several of his assistant coaches are Oklahoma
graduates and have been "pushing me to go to Oklahoma."
Smith is the closest thing out there this year to sensational UT freshman LB
Derrick Johnson.
If Smith's commitment holds up, look for Johnson and Smith to be outstanding
outside backers, one on the weakside and one on the strongside, for years to
come at UT.

Subscribe To The E-Mail/Fax To Get Year-Round Football
& Recruiting Scoops !
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An Internet Subscriber !
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Game Quotes . .
"We had some unfortunate things happen to us right at the end of the first
half, and then we had the good drive to start the second half and fumbled
inside the Texas' 25 when we had a chance to retake the lead. We had our
chances, but we weren't able to execute."
- Houston head coach Dana Dimel
* * * *
"Gosh, we really missed a lot of tackles. We just didn't play well at all on
defense. I may have them out there practicing tomorrow (Sunday). That's how
concerned I am. We have to tackle better than that to do the things we want
to do this year."
- Texas defensive coordinator Carl Reese
* * * *
"Houston played some good football early in the game, but we just had to keep
fighting. On the long one, I just faked in and cut outside and I was wide
open and Chris (Simms) dropped it right in there."
- UT WR B. J. Johnson, who had a 92-yard TD reception and 124 yards on four
catches
* * * *
"I got some great blocking and I just tried to run hard on every carry. It
felt great to go over 100 yards. I felt like we were able to pound on them
and wear them down in the second half. We also were able to get a lot of
balance on offense."
- Longhorn RB Ivan Williams, who became the first UT back to gain 100 yards
rushing this year with 19 carries for 104 yards and a touchdown
* * * *
"Those 10 points in the last eight seconds of the first half really gave us a
lift. I love to play smash-mouth football with a big back and that's whaqt we
had tonight with Ivan (Williams)."
- Texas' senior OT Mike Williams
* * * *
"We had to fight through a lot of adversity in the first half, but we took
the lead and the momentum back when we scored twice at the end of the first
half. I think this was the best offensive game we've had this year."
- UT QB Chris Simms, who passed for 311 yards and three touchdowns
* * * *
"Their receivers made some phenomenal catches and they all have some great
moves to go with their speed. We busted some coverages, and you can't do that
and survive against receivers like Texas has."
- Houston CB Jason Parker
* * * *
"That was a crucial mistake on my part. I was trying to get through the pile
and get the first down and somebody's helmet hit the ball and it popped out.
We hit some big plays on their defense, but they came up with a big hit on
that one."
- Cougar QB Kelly Robertson, talking about losing  the ball on a fourth-down
plunge inside the Texas' 30 on Houston's last chance to take the lead again

Texas-Houston Statistics
Scoring Summary
Texas           10     10       13      20  -     53
Houston      7        7         0      12   -     26

UT - Mangum 41 FG 9:52 1Q (14  plays, 56 yds)
UT - Johnson 92 pass from Simms (Mangum kick) 7:47 1Q (1 play, 92 yds)
UH - Reynolds 38 pass from Robertson (Patterson kick) 6:06 1Q (5 plays, 60
yds)
UH - Thompson 3 pass from Robertson (Patterson kick) 1:19 2Q (12 plays, 47
yds)
UT - Jeffery 17 pass from Simms (Mangum  kick) 0:08 2Q (8 plays, 60 yds)
UT - Mangum 47 FG 0:00 2Q (1 play, 0 yds)
UT - Williams 1 run (run failed) 8:50 3Q (7 plays, 73 yds)
UT - Williams 1 run (Mangum kick) 1:59 3Q (7 plays, 44 yds)
UT - Edwards 1 pass from Simms (Mangum kick) 14:55 4Q (4 plays, 25 yds)
UH - Middleton 80 pass from Robertson (kick failed) 9:53 4Q (3 plays, 80 yds)
UT - Scaife 3 pass from Applewhite (Mangum kick) 5:21 4Q (3 plays, 14 yds)
UH - Reynolds 2 run (pass failed) 3:56 4Q (4 plays 75 yds)
UT - Benson 2 run (kick failed) 0:43 4Q (5 plays, 43 yds)
        Official Attendance: 31,784

Team Statistics

                        Texas           Houston
First Downs           27             17
Rushing           11               5
Passing           14             11
Penalty             2              1
Rushing Attempts, Net Yards         39-193           30-68
Net Yards Passing        341            364
Passes Comp., Att., Int.                22-37-1         20-33-1
Total Plays, Offense                 76-534      63-432
Avg. Gain per Play                 7.0         6.9
Fumbles Lost                    1 of  3      2 of 2
Penalties, Yards                      6-58        9-84
Punts, Avg.                  2-30.5      3-36.3
Time of Possession      32:06        27:54
Third-Down Conversions              9 of  13        4 of 12
Fourth-Down Conversions     0 of  0      1 of 3
Sacks by Team, Yds Lost      3-22         2-9

Individual Statistics

Texas
Rushing - Williams 19-103, 2 TDs; Benson 14-74, 1 TD; Jeffery 1-17; Ike 1-2;
Robin 1-0; Simms 3-minus 3.
Passing -  Simms 20-35, 311 yds, 3 TD, 1 Int.; Applewhite 2-2, 30 yds, 1 TD,
0 Int.
Receiving - B. J. Johnson 4-124, 1 TD; R. Williams 4-49; Scaife 5-59, 1 TD;
Robin 2-38; Jeffery 2-37, 1 TD; Thomas 1-15; Edwards 1-1, 1 TD.

Houston
Rushing -  Reynolds 15-62, 1 TD; Bell 2-15; Ross 1-6; K. Robertson 6-9; Penn
5-6; C. Robertson 1-3.
Passing - K. Robertson 20-33, 364 yds, 3 TD, 1 Int
Receiving - Middleton 3-117, 1 TD; Reynolds 3-49, 1 TD; B. Robertson 2-43; G.
Thompson 2-27, 1 TD; Penn 2-17; Ross 1-7; Bell 1-4.

Tackles by Texas Players, Unasst., Asst., Total
Brooks 6-5-11; Jammer 4-3-7; D. Johnson 4-2-6; Redding 2-4-6; T. Jones 3-2-5;
Thornton 3-2-5; Babers 3-1-4; Tubbs 0-4-4; Trahan 2-1-3; Lewis 1-2-3; Rawls
0-3-3; Lee 1-1-2; Vasher 0-2-2; Boyd 1-0-1; J. Anderson 1-0-1; Stigall 1-0-1;
Collier 1-0-1; Hunt 0-1-1; Gordon 0-1-1; Pearson 0-1-1; Doane 0-1-1; Ungar
0-1-1; Hedgecock 0-1-1; Ike 0-1-1; S. Thomas 0-1-1; Doiron 0-1-1; Wilkins
0-1-1.
Tackles for Losses:  T. Jones 2-minus 2; D. Johnson 1-minus 5; Redding
1-minus 3; Wilkins 1-minus 1.
Sacks: Thornton 2-minus 14; Lee 1-minus 8.

Scouting Texas Tech

The Longhorns open Big 12 play Saturday at 6 p.m. in Austin against a
dangerous Texas Tech team that is 2-0 after opening with a 42-30 triumph over
News Mexico  and then hammering North Texas, 42-14, Saturday.
QB Kliff Kingsbury is the Big 12's leading passer with 65 completions in 95
attemps (68.4%) for 650 yards, an average of 325 per game. He has thrown 5 TD
passes with two interceptions.
UT QB Chris Simms has completed 54 of 103 passes (52.4%) for 660 yards, an
average of 220 a game. He has had five touchdown passes and allowed one
interception.
The Raiders also have a better running game than they did last year, with TB
Ricky Williams averaging 4.5 yards a carry and 74.5 yards per game.
  Williams also is Kingsbury's favorite target, leading the Big 12 with an
average of 10 receptions and 95 yards per game receiving.
Texas coach Mack Brown said the Longhorn defense has to put pressure on
Kingsbury and has to tackle better than it did against Houston.
At 5-8 and 195 pounds and with blazing speed and outstanding moves, Williams
has proven he is a difficult man to corral. How the UT defense copes with his
dual threat will be a major key in determing who wins the game.
Kingsbury's other favorite target is speedy redshirt freshman Nehemia Glover,
who is averaging 5.5 catches for 63.5 yards per game.
Tech head coach Mike Leach loves the short passing game. He was the offensive
coordinator at Oklahoma in 1999 before taking the Tech job, so the Longhorns'
next two opponents run very similar offenses.
How the Longhorns defend against Tech will provide an advance hint about how
they will do against the Sooners.
To win, the Longhorns must:
1. Tackle much better than against Houston.
2. Defend against misdirection much better than they have all season.
3. Win or get a push in the turnover battle.
4. Be able to run and pass effectively.
The Raiders have only four returning starters on defense, but one of them is
strong safety Kevin Curtis, one of the Big 12's top players.

Here's how the teams compare statistically (national rank in parenthesis):
Texas                       Texas Tech
Offense
(33)   174.3         Rushing Avg.        (101)   91.5
(39)   245.4         Passing Avg.             7) 325
(53)   419.7        Total Off. Avg.        (27) 416.5
(8)      46      Scoring Avg           (10)   42

Defense
(39)   110.7         Rushing Avg.          (87) 185
(37)   181       Passing Avg.            (9) 123.5
(33)   291.7        Total Def. Avg.        (45) 308.5
(31)     15.7    Opp. Scoring Avg          (64)   22


Power plant siting bill to follow if you'd like it.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/01/2000 01:44
PM ---------------------------

Bruno Gaillard
09/01/2000 12:30 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Jeff Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Susan J
Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Siting bill - Correction

Do not pay attention to the sitting bill that was attached on the last
e-mail. The attached version was older that we though. AI will be faxing you
a copy of the final version of AB970 within a 1/2 hour.
---------------------- Forwarded by Bruno Gaillard/SFO/EES on 09/01/2000
10:26 AM ---------------------------

Bruno Gaillard
09/01/2000 10:22 AM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Jeff Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Susan J
Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Rate cap , Ratepayer relief and siting bills

Summary of Davis/Alpert bill AB 260

Retro-active to June 1, 2000 through December 31, 2002, 6.5 cent/kWh cap on
the energy component for residential and small commercial customers (under
100 kW).  The Commission has the ability to extend through 2003.  The
Commission also has the ability to adjust the cap.

Commission can use revenues from utility-owned assets, refunds from FERC to
offset the undercollections.  (In addition, a companion bill was passed that
provides $150 million of general fund money to offset undercollections.)

Large commercial/industrial/agricultural customers have an opportunity to
"opt-in" to the 6.5 cent/kWh cap with an annual true-up.

SDG&E will under a prudence review by the CPUC, which may be another source
of funds to offset the undercollection.

Specific classes subject to cap:

  Schedule A, all acute care hospitals, all public and private k-12 schools,
all accounts on AL-TOU under 100 kW.

Attached a link to the bill
http://www.leginfo.ca.gov/pub/bill/asm/ab_0251-0300/ab_265_bill_20000830_enrol
led.pdf

Summary of the rate payer relief bill AB 1156 which would
Transfer of $150,000,000 from the general fund  to a subaccount within the
Special Fund for Economic Uncertainties.
Appropriate those funds from the subaccount, to the commission, to reduce the
adverse impact of high-cost wholesale energy purchases on certain ratepayers
if a specified rate ceiling is in effect, and if the commission determines
that a specified revenue shortfall would result in a ratepayer surcharge
greater than 10%, and the electricity rates were directly linked to Power
Exchange costs.
Declare that, on January 1, 2004, any remaining balance in the account would
revert to the General Fund.
Become operative only if AB 265 is enacted, as specified.
 Take effect immediately as an urgency statute.
Attached a link to the bill
http://www.leginfo.ca.gov/pub/bill/asm/ab_1151-1200/ab_1156_bill_20000830_enro
lled.pdf


FYI.  Can you join?
----- Forwarded by Jeff Dasovich/NA/Enron on 05/18/2001 05:05 PM -----

	"Angeles, Zenee G. - TPZGA" <ZAngeles@sempra.com>
	05/18/2001 02:24 PM

		 To: "'McCrea, Keith@CIG/CM'" <kmccrea@sablaw.com>, "'Chancellor,
Craig@Calpine'" <craigc@calpine.com>, "'Clark, A@Calpine'"
<clarka@calpine.com>, "'Dasovich, Jeff@Enron'" <jdasovic@enron.com>,
"'Counihan, Rick@Green Mountain'" <rick.counihan@greenmountain.com>, "'Kahl,
Evelyn@IP'" <ek@a-klaw.com>, "'Leslie, John'" <jleslie@luce.com>,
"'Alexander, Michael@sce'" <alexanms@sce.com>, "'Rochman, Michael@SPURR'"
<rochmanm@spurr.org>, "'Rochman, Michael@CUB'" <rochmanm@cubjpa.org>,
"'Beach, Thomas@Crossborder'" <tomb@crossborderenergy.com>, "'Burkholder,
John@WHP-Beta'" <burkee@cts.com>, "'Day, Michael@GMSSR'" <mday@gmssr.com>,
"'Gileau, Patrick@CPUC'" <plg@cpuc.ca.gov>, "'Yoo, Salle@dwt'"
<salleyoo@dwt.com>, "'Pocta, Mark@ORA'" <rmp@cpuc.ca.gov>
		 cc: "Lorenz, Lad - TPLPL" <LLorenz@socalgas.com>, "Wright, Gillian - TP1GXW"
<GWright@sempra.com>, "Sullivan, Glen J." <GSullivan@sempra.com>
		 Subject: May 21 - 8:30 AM - conference call

sending on behalf of Lad Lorenz.....

??????? ???????  <<GIR-enbanc conf call.doc>>
???????

Thank you.

Zenee Angeles
SEMPRA ENERGY
213/244-3831

 - GIR-enbanc conf call.doc


Nony has the Mexico file.  If it's anywhere it should be there.

	Brent Hendry@ENRON
	10/31/2000 11:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: New Enrononline Counterparties: Servicios Indusriales
Penoles/Terrapin Recycling LLC

I have retrieved Carol's EOL Mexico file but Mark tells me that he did some
follow up work with Mexican counsel and that you may have the results of
that.  Do you have anything?
Thanks,
Brent
----- Forwarded by Brent Hendry/NA/Enron on 10/31/2000 11:03 AM -----

	Phillippa Daniel
	10/31/2000 10:32 AM

		 To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
		 cc: Justin Boyd/LON/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT
		 Subject: New Enrononline Counterparties: Servicios Indusriales
Penoles/Terrapin Recycling LLC

Justin has never dealt with a Mexican company for Enrononline therefore could
you please give us  some advice on due dilligence done in Mexico. Justin
needs to review this client for metals.  Thank you.

Regards

Philippa Daniel

---------------------- Forwarded by Phillippa Daniel/EU/Enron on 31/10/2000
16:23 ---------------------------

Phillippa Daniel
30/10/2000 18:46
To: Justin Boyd/LON/ECT@ECT, Paul Maley/LON/ECT@ECT, ECT London Credit
cc: Enron London - EOL Product Control Group/LON/ECT@ECT, Hamish M
Scutt/EU/Enron@Enron, Alan Jamieson/EU/Enron@Enron, Diana
Higgins/LON/ECT@ECT, Lindsay F Edmonds/EU/Enron@Enron, Enron Europe Global
CounterParty, Enron Europe Global Contracts and Facilities

Subject: New Enrononline Counterparties: Servicios Indusriales
Penoles/Terrapin Recycling LLC

Please can you review SERVICIOS INDUSTRIALES PENOLES/TERRAPIN RECYCLING LLC
Enrononline in the S.drive access data base. Please let me know by returning
me an E-mail once this has been done.

Please note that the address in Global Counterparty for Servicios
Industriales Penoles is incorrect CP ID 85744. The address should read as
follows:

Servicios Industriales Penoles, S.A. De C.V
Moliere No. 222, 2nd Piso
Col. Polanco
Deleg Miguel Hidalgo
11540 Mexico DF
Mexico

Please note that the company name needs to be changed from Industrales to
Industriales.

Regards

Philippa

---------------------- Forwarded by Phillippa Daniel/EU/Enron on 30/10/2000
18:33 ---------------------------

London Fax System
30/10/2000 16:57
To: Enron London - EOL Product Control Group/LON/ECT@ECT
cc:

Subject: New fax received (Likely sender: 212 715 2360).

You have received a new fax from 212 715 2360

The image contains 5 page(s).


This is an automatically generated Delivery Status Notification.

Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination.

       jbutler@pnm.com

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MHEARD>
To: jbutler@pnm.com
CC: Williams, Jason R (Credit) </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JWILLI10>
Date: Monday, November 26, 2001 10:46:10 GMT
Subject:

Mr. Butler:

Pursuant to your request, attached is our form master netting agreement.
Please do not hesitate to contact us with any questions or comments.

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

				 <<Master Netting & Security Agmnt 10 h
v1.doc>> 	 <<Master Netting Agreement Credit Support Annex 10
d.doc>>


I inadvertently sent a draft a draft with Section 4.7.  Please see the attached and disregard the previous.

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


Group,
I have copied in a note from Roger at EPE. As you can see they are placing a VERY high importance on economic dispatch of the units. Please be aware that every move with regards to marketing and running their system is under EXTREME scrutiny.

Please call me before you call our customer.

Thanks,
Bill

Correction:
The burner problem is on Newman 3.  (Thank You! Mr Ward)   The unit will be held at 85 MW's until repairs can be made.  The plan is to assess the problem Monday morning and make the necessary repairs.

If prices continue to be below cost we need to purchase power and back down
local units.  With Copper off, the dispatch shows we need to purchase power for 5 or 6 hours through super peak.

Depending on load,  GT 1 and GT 2 should be put in the hole (around 7 to 10
MW's each) HE 1:00 through HE 9:00...

If  Market conditions are less than $14.00  BACK DOWN Four Corners...   As
load picks up be sure to pick up Four Corners first!
If there is a reason we have to dump FC power please send me a note!   If
there is any confusion over whether to back down FC CALL.

Any questions or comments please call at  5808  or  915-204-1202...

Roger

<Embedded Picture (Device Independent Bitmap)>


I've been working with our desk to create draft confirm which Brent received
yesterday.  Should I be dealing with Julian?  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 07/23/99 09:43
AM ---------------------------
From: "Julian Poole/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL on
07/23/99 09:09 AM
To: Sara Shackleton@ECT, Brent Hendry AT ENRON_DEVELOPMENT@CCMAIL
cc: "Don Black/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL, Federico
Cerisoli AT ENRON_DEVELOPMENT@CCMAIL, "Scott Neal/HOU/ECT" AT ECT@CCMAIL
Subject: Deal execution

A few minutes ago Scott Neal spoke to Claudio Majul from C. Puerto and
executed the swap.
Puerto is now waiting for the confirmation.

Sara, let's work on the terms of the confirmation, and once ready send it to
Scott for him to fax it to Puerto.

If anyone has questions pls. call me

Julian


No need to review with policy committee.

Kalen Pieper@EES
06/14/2001 05:44 PM
To: James Sandt/ENRON@enronXgate @ ENRON, Steven J Kean/NA/Enron@Enron
cc: Suzanne Brown/ENRON@enronXgate@ENRON, Sharon
Butcher/ENRON@enronXgate@ENRON, Gary P Smith/ENRON@enronXgate@ENRON, Marla
Barnard/Enron Communications@Enron Communications@ENRON, David
Oxley/ENRON@enronXgate@ENRON, Robert W Jones/ENRON@enronXgate@ENRON, Cindy
Olson/ENRON@enronXgate@ENRON, Drew Lynch/Enron@EUEnronXGate@ENRON, Mary
Joyce/ENRON@enronXgate@ENRON, Cynthia Barrow/ENRON@enronXgate@ENRON, Sarah A
Davis/ENRON@enronXgate@ENRON, Marie Newhouse/ENRON@enronXgate@ENRON,
Elizabeth Boudreaux/ENRON@enronXgate@ENRON

Subject: RE: Clickathome - Proposed treatment for Involuntary Terminations -
Business Reorganizations

All,

Please let me know by noon tomorrow if you have any issues with this
approach.  If not, we are going to roll out this change effective close of
business tomorrow.

Steve/Cindy, I'd suggest that we simply make this change tomorrow.  Do you
feel the need to run it by any of the policy committee beforehand?

Kalen

From: James Sandt/ENRON@enronXgate on 06/14/2001 05:00 PM
To: Suzanne Brown/ENRON@enronXgate, Sharon Butcher/ENRON@enronXgate, Kalen
Pieper/HOU/EES@EES, Gary P Smith/ENRON@enronXgate, Marla Barnard/Enron
Communications@Enron Communications, David Oxley/ENRON@enronXgate, Robert W
Jones/ENRON@enronXgate, Cindy Olson/ENRON@enronXgate, Drew
Lynch/Enron@EUEnronXGate, Mary Joyce/ENRON@enronXgate, Cynthia
Barrow/ENRON@enronXgate
cc: Sarah A Davis/ENRON@enronXgate, Marie Newhouse/ENRON@enronXgate,
Elizabeth Boudreaux/ENRON@enronXgate
Subject: RE: Clickathome - Proposed treatment for Involuntary Terminations -
Business Reorganizations

Suzanne:

It is my understanding that everyone is signed off on the suggested revisions
to the Clickathome documents relating to redeployed individuals.   Tax is.

In summary, if a person is terminated from Enron or one of its subsidiaries
as a result of a business reorganization, the forfeiture penalty is waived.
The amount of the waived forfeiture penalty is added to that individuals
income as salary (imputed income) and is subject to Federal, State, and FICA
taxes.

V&E and I recommend that the changes are effective as of now and not
retroactive back to the start of the plan.  A retroactive date would weaken
the plan as it stands and take out some of the teeth that we put in at its
inception.

Jim

X 3 5673

 -----Original Message-----
From:  Brown, Suzanne
Sent: Wednesday, June 13, 2001 5:53 PM
To: Sandt, Jim; Butcher, Sharon; Pieper, Kalen; Smith, Gary; Barnard, Marla;
Oxley, David; Jones, Robert W.- HR Exec; Olson, Cindy; Lynch, Drew; Joyce,
Mary; Barrow, Cynthia
Cc: Davis, Sarah A.; Newhouse, Marie; Boudreaux, Elizabeth
Subject: RE: Clickathome - Proposed treatment for Involuntary Terminations -
Business Reorganizations

 To all, the severance pay plan is not affected.  Please refer to the
original language :

Reason for this email: Gain consensus on this change

Business Issue : Find alternatives to the PC forfeiture penalty when an
employee who has participated in the Clickathome program is involuntarily
terminated
   due to business reorganizations.

Proposed Alternative : Replace the cash forfeiture penalty with imputed
income to be reported on year-end W-2.   The alternative defers or removes
the cash impact to the    employee.  Employees moving to other Enron units
who currently do not participate in the program such as PGE and EFS will not
be required to    report the PC as imputed income as long as they remain in a
wholly-owned division.

New Process :  Requires payroll administration

Timing:   Effective immediately.
   Question:  Do you want this retroactive to program inception?

Other Applications: The imputed income option could be expanded to all types
of terminations. However, in doing so, would allow easier entry into the
program
   when an employee is planning to leave the company voluntarily.   No
recommendation at this time to change the forfeiture penalty for these
other    types of separations.

Please email me with your vote as Kalen is interested in enacting this change
as soon as possible for the current redeployment candidates.  Thanks.


Notice No. 02-63
February 27, 2002

TO:		ALL NYMEX/COMEX DIVISION MEMBERS
ALL NYMEX/COMEX DIVISION MEMBER FIRMS
ALL NYMEX/COMEX DIVISION CLEARING FIRMS
ALL NYMEX/COMEX DIVISION OPERATION MANAGERS

FROM:	George Henderson, Vice President
		Michael Campanelli, Vice President

RE:		March ATOM Processing Schedule

DATE				BUSINESS DAY
EVENT

3/1					1
Preliminary ATOM reports and Give up

Listings.

3/5					3				Last
day for adjustments.

3/6					4
Final ATOM reports.

3/7					5				CMs
debited for brokerage.

3/11					7
NYMEX gets confirmation of available
Funds in escrow account and initiates

Transfer to Brokers.

3/12					8
Funds are deposited to broker

Accounts.

3/13 				 	9
Brokers who check their morning

Balances will see the ATOM deposits

Reflected in their bank balances.

NOTE:		Broker enrollments or Banking information changes for April
cycle must be received by
the Membership Department No Later than 3:00 P.M. on March 22, 2002.

If you have any questions regarding NYMEX, please contact Juan Serrano or
Gerard Taibi at (212) 299-2626.
If you have any questions regarding COMEX, please contact David Sherman at
(212) 299-2061.


CONGRATULATIONS!!!
PAT JOHNSON is the winner for +The Name This Newsletter Contest,.  It was a
close call. After receiving over 50 great ideas, the PR Dept had a tough time
narrowing the list to the top ten for Mark Frevert,s final decision.  We,d
like to thank everyone who submitted suggestions and a special thanks to Pat
Johnson for sending in the winning name EnTouch.

BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC
market have climbed to the low $40s.  The highest reported trade for December
was reported at $38.50.   The tightness should continue through the first
half of the year  with the Martin County mine still shut down.  The rest of
the year remains strong piggy backing off of the current spot market.

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances
broke out of this trading range this week.  The low trade was around $119.50
and the last trade was around $120.50.  The sharp drop in prices was caused
in large part by the news of Dominion Virginia Power settling the New Source
Review lawsuit brought against it by the state of NY and the EPA Continuing
rumors of further NSR related settlements will likely create continued
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless
Energy microturbine products to supply superior on-site energy service to
U.S. commercial and light industrial customers, announced that Enron North
America has completed an equity investment in Solo Energy as well as entered
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron
will assist in obtaining fuel contracts to support the Company,s distributed
generation contracts, including the provision of gas and backup electricity,
and will work with the Company to support its market and gas technology
research.

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two
female vampires to distribute candy carrying the message, "Corporate
bankruptcies are on the increase and could be your worst nightmare. You can
protect your company and sleep well at night". Locations for the distribution
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general
feedback and reaction of people was positive. Photos of the event will be
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Japan
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short
kimono - and used ceremonial hammers to break the lid of a wooden cask of
sake in front of an audience of 350 drawn from major companies and
government.  Enron has made an immediate impact already by offering eligible
consumers 3-5 year contracts with immediate savings of up to 10 percent in
the first year.   View the Japan website at www.enron.co.jp  [No worries,
it's in Japanese and English ...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals
team.  EBS will be staffing up there over the coming months.

Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio
management agreement covering UPM Kymmene's Nordic power portfolio. The
Mid-Market desk in the Oslo office will assist UPM in optimising its
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the
risk management system used in the process. In addition, the agreement opens
the door for Enron Energy Services to explore a variety of opportunities
within the company. The Nordic agreement is the first step towards a broader
scope of co-operation with UPM on a European and Global basis. The total
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which
2500 MW in Finland and about 500 MW in other countries. The group's power
procurement totals approximately 18 TWh per year, of which about 14 TWh in
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -
Legal.

Congratulations on a job well done to all those who worked so hard to put
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron
Australia.  Last week, the Sydney Office launched online Hong Kong weather
derivatives  and the Sydney weather node traded on EnronOnline in the US time
zone.  With this precedent, we hope to support the takeoff of global weather
on EnronOnline.

The Coal Group in Sydney has suddenly become very popular. There is no doubt
that a recent sale to AES for the plant at Barbers Point, Hawaii is the real
reason.  Coal purchases during year 2000 have been concluded with most major
producers in Indonesia and Australia.  We will soon be loading our first
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also,
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30
MW offshore wind project in the UK.  The Harwich project, situated in
Gunfleet Sands approximately eight kilometres offshore in the North Thames
Estuary is believed to represent one of the first serious investments in the
development of offshore wind energy in the UK.

ENRONONLINE STATISTICS

Below are the latest figures for EnronOnline as of November 27, 2000.

* Total Life to Date Transactions> 464,000
* Life to Date Notional Value of Transactions > $263 billion

NUGGETS & NOTES

"How does your earnings target look for the quarter?" ) Brent Price,
VP/Operations & Chief Accounting Officer for EGM

"Always price the illiquidity risk premium appropriately!" ) Doug Friedman,
Director of Financial Petrochemicals and Plastics

What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your laugh
clear across the floor!!!"

IN THE NEWS

"The uncertainty [of the presidential election] does not influence business.
It is a relatively short-term distraction. Our business model has not changed
and will not change as a result of the election because we've worked very
well with both the Clinton/Gore administration in Washington and the Bush
administration in Texas."
-- Mark Palmer, vice president of Enron Corporate Communications, Associated
Press

"The name of Enron may be unfamiliar in Japan, but it should not stay that
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't
go in and try to destroy markets - we go in and create them."  Some of the
company's potential customers and business partners may still need to be
persuaded of that, but Enron has a large stock of experience to reassure
them".---Financial Times

WELCOME
New Hires ENA/EIM/EGM
ENA ) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
EGM )Humaira Badat, Daiquiri Lucas

Transfers to ENA/EIM/EGM
ENA ) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Robert
Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy,
Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada,
Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams,
Rosalinda Zermeno
EGM ) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, John
Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis

LEGAL STUFF

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


Here are the three Book IDs that I am looking for.

INTRA-ME-PROMPT-IDX

INTRA-ME-PROMPT-PHY

INTRA-ME-PROMPT-PRC

Thank you,
Robin


quitter.

----- Original Message -----
From: Erik Wollam
Sent: Wednesday, May 01, 2002 2:48 PM
To: Chet_Fenner@bmc.com; knipe3@msn.com; brianc@saltgrass.com; bcorrier@cox-internet.com; c.r.zander@att.net; Joe.Parks@bridgeline.net; lawfeder@msn.com
Subject: RE: man night again?

I'm now out. chad and brian are the only ones i know that are in.

going to el campo tomorrow night to try to sign up some clients on this
environmental contamination stuff from the alco property. been on the news.
my secretary has a bunch of relative that live in the neighborhood.

sorry. e.

>From: "Fenner, Chet" <Chet_Fenner@bmc.com>
>To: "'chad knipe'" <knipe3@msn.com>,   Brian Constantine
><brianc@saltgrass.com>,   EriK Wollam <erwollam@hotmail.com>,   Brad
>Corrier  <bcorrier@cox-internet.com>,   "Fenner, Chet"
><Chet_Fenner@bmc.com>, c.r.zander@att.net,   Joe.Parks@bridgeline.net,
>lawfeder@msn.com
>Subject: RE: man night again?
>Date: Wed, 1 May 2002 17:06:29 -0500
>
>Where is this shin-dig?
>
>-----Original Message-----
>From: chad knipe [mailto:knipe3@msn.com]
>Sent: Tuesday, April 30, 2002 6:23 AM
>To: Brian Constantine; EriK Wollam; Brad Corrier; Chet Fenner;
>c.r.zander@att.net; Joe.Parks@bridgeline.net; lawfeder@msn.com
>Subject: Re: man night again?
>
>
>in.
>
>
>----- Original Message -----
>From: Brian Constantine
>Sent: Tuesday, April 30, 2002 8:26 AM
>To: Erik Wollam; bcorrier@cox-internet.com; knipe3@msn.com;
>chet_fenner@bmc.com; c.r.zander@att.net; Joe.Parks@bridgeline.net;
>lawfeder@msn.com
>Subject: RE: man night again?
>
>I am IN!!! Would like to be there by 6:30 or so...maybe later. Zander is
>"out"...unless he brings Jake. Someone forward to Chambers...you know he's
>in.
>
>BC
>
>-----Original Message-----
>From: Erik Wollam [mailto:erwollam@hotmail.com]
>Sent: Thursday, April 25, 2002 5:25 PM
>To: bcorrier@cox-internet.com; knipe3@msn.com; chet_fenner@bmc.com;
>c.r.zander@att.net; Joe.Parks@bridgeline.net; Brian Constantine;
>lawfeder@msn.com
>Subject: man night again?
>
>
>Zero response from my last effort on this matter. Are your emails working
>men?
>
>Zander called and suggested we attend the CCA crawfish boil function to be
>held Thurday May 2, 2002. Reasonably priced event, beer, mud bugs and we
>can
>
>sit back and watch pig win raffle prizes.
>
>I'm in
>
>e.
>
>
>_________________________________________________________________
>Send and receive Hotmail on your mobile device: http://mobile.msn.com
>
>
>

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


And there's more!

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/09/2001 03:21 PM -----

	"Serge Martin" <Sgm@steelhector.com>
	01/09/2001 03:15 PM

		 To: Sara.Shackleton@enron.com
		 cc:
		 Subject: FPL Energy Power Marketing Inc./Enron North America Corp.

Sara: As promised, enclosed is a red-line of the FPL Energy Power
Marketing Inc./Enron North America Corp. drafts vs. the final executed
Florida Power & Light Co./Enron North America Corp. agreements.
Regards, -Serge

Serge G. Martin
smartin@steelhector.com
Steel Hector & Davis LLP
200 South Biscayne Blvd.
Miami, Florida 33131-2398
(305) 577-7097 phone
(305) 577-7001 fax

 - 641009_1.DOC


Russ is going to be out for PRC tomorrow.
I am OOTO on Wednesday.

Could we postpone the GTV II presentation to next week.

Thanks


IntercontinentalExchange
                                                                                Firm Power Price Bulletin
                                                                                For Power Delivered on Wednesday, November  28, 2001
                                                                                (Trade Date of Tuesday, November  27, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Hub	High	Low	Wtd Avg Index	Change ($)	Vol (Mwh)
Cinergy	         $20.50	         $18.00	         $18.45	-    .12	          55,200
Comed	         $17.25	         $16.75	         $16.96	+    .96	           4,800
Entergy	         $18.00	         $17.00	         $17.33	-    .35	          12,800
Nepool	         $27.75	         $27.00	         $27.47	+    .25	          12,000
Palo Verde	         $29.50	         $27.75	         $28.80	+   6.35	           5,600
PJM-West	         $23.25	         $22.80	         $22.96	+   1.24	          50,400
SP-15	         $32.50	         $29.50	         $31.13	+   6.94	           6,400
TVA	         $20.00	         $17.00	         $18.04	+    .29	           7,200

                                                                                Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
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To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com .
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                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


Gentlemen,

This was my first written request for a cost plus contract.  The request was
made to NEPCO because at that time NEPCO was supposedly still involved in the
project. I left subsequent voice mails for Dave and John Schwartzenburg, then
mailed a follow up email to the gang at noon on Thursday, February 1st,
copying various folks at EECC.  John Schwartzenburg was out of town, but went
out of his way to accommodate my request so that by Thursday evening, I had a
form from EECC. I worked over the weekend to adapt the form to this project,
and forwarded it to EECC on Monday.  I received no response to the revised
draft.

I have recently heard that the EECC form that I spent worked on is being
scrapped, and we are starting over.  Is this true?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/06/2001 04:22
PM ---------------------------

Kay Mann
01/30/2001 03:55 PM
To: Davidlu@nepco.com
cc:

Subject: Re: FW: Draft Coop City Term Sheet - priority.

Hi David,

The owner is willing to do this cost plus.  Do you have a cost plus form that
you like?

It was good to see you yesterday, by the way.

Do you want me to include you on follow up emails on this?

Kay


Dear ICAP Working Group Members,

Regarding the January 17th ICAP WG, please click on the attached
link to view the NYISO Calendar where you will see the the meeting's
Conference Call Information as well as a Link to the Meeting Materials.
http://www.nyiso.com/services/calendar.html

Regards,

Market Relations
518-356-6060

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