Jerry Scarbrough's True Orange
The newsletter for the true Texas Longhorn faithful

Volume 11, No. 16, April 23, 2001

True Orange Crystal Ball Shows 2001 Season
Will Be Longhorns' Break-Through Year

My crystal ball was a little faulty last year because it didn't show TE Bo
Scaife going down for the season in the first pre-season practice.
Without that important piece of data, I predicted the Longhorns would win at
least 10 regular season games.
They won nine without Scaife and I think they would have won 10 with him
because the Stanford loss came before the great freshmen wide receivers
became the go-to guys on the team.
I'm more confident this year because the Longhorns are deeper and even more
talented than they were last season, so I'm going to go way out on a limb and
predict the 2001 season will be remembered as the one we all will recall as
the Horns' "break-through" year.
By that, I mean I think they will break into the top 10 and stay there for
years and years.
Since the Longhorns haven't finished in the top 10 since 1982, that sounds
like a tall order for this team.
This will be coach Mack Brown's fourth team at Texas and it should be his
best one by far.
His fourth recruiting class will enroll in September, and it will be his
third straight great one. that means the first group of great recruits will
be starting their third years. They will be juniors or redshirt sophomores.
The third year normally is one when players who have been able to play at a
high level at times learn how to play at a high level consistently.
This team will have some flaws, but every team has flaws. The great teams
simply have enough great players to win in spite of their flaws.
The Longhorns have offensive weapons that are almost off the chart. With a
healthy Scaife, who is that rarity at TE ) a swift, sure-handed guy who can
turn a six-yard pass into an 80-yard score ) to go along with
sophomores-to-be Roy Williams and B. J. Johnson, who broke every Longhorn
freshman receiving record last year.
When a team has an awesome tight end, and Scaife is one of those, with
sophomore Brock Edwards not too far behind, it creates match-up problems for
any defense.
Linebackers normally cover tight ends, and good tight ends, even one who
aren't really fast, usually win those matchups. Fast tight ends who can catch
in a crowd usually draw coverage from a safety.
But then Williams and Johnson create problems because Williams almost always
draws double coverage and Johnson is a huge threat to go all the way if one
safety is worrying about Scaife and the other one is helping out on Williams.
QB Chris Simms seems to be developing into the great player he was expected
to be after all the recruiting services tabbed him as the No. 1 prospect in
the country when he was a senior in high school.
The obvious solution for a defensive coordinator would be to play five or six
defensive backs most of the time or to go to a zone defense.
But Brown says the Horns will be a better running team than they have been
since Ricky Williams departed, and a more experienced line and a bigger
tailback should make that happen.
Hodges Mitchell was a great little tailback, but this offense is designed
primarily to pass or run between the tackles.
When you want to run between the tackles, it helps to have a big, powerful
tailback.
The tailback this season, whether it is one of the returnees or heralded
recruit Cedric Benson, will be bigger and more powerful than Mitchell.
The line was a good pass-blocking unit last year, and with four of the five
guys back, it should be much better this year.
The only big question about the offense will be one of consistency. When
Simms, who shared time with Major Applewhite last season, was at the helm,
the team often had long, long dry spells.
In the 43-17 victory over Texas A&M, for example, what most people remember
is the Longhorns' four-touchdown explosion in the third quarter.
But I remember being scared silly at the half because the offense had made
only one first down in the entire half and the defense was showing signs of
tiring because of all those 3-and-outs.
And that was not an unusual happening. In the bowl loss to Oregon, Simms took
the Longhorns on long back-to-back scoring drives in the second quarter, but
the Horns generated little offense in the first and third quarters.
I could cite other examples, because there are plenty to cite, but Simms is a
year older and wiser and so are the receivers, who performed better last
season than any of us have a right to expect true freshmen to perform.
A bigger, stronger tailback also will be able to pick up more of those
third-and-short downs than the team did last year.
Defensively, eight starters return from an outstanding unit.
The Longhorns lost two great defensive tackles, but the power teams in the
Southern Division of the Big 12 rely a lot more on the pass than they do on
the run, and the tackles UT will play this year are quicker and might supply
a better pass rush.
Defensive coordinator Carl Reese also made several position changes in the
spring that are certain to generate a better pass rush.
If you remember the Oregon game, the Ducks used quick, undersized linemen to
harass Simms and it worked remarkably well most of the time.
With former DE Maurice Gordon now a super quick DT, and former OLB O. J.
McClintock now a super quick DE, look for the Longhorns to be a much better
pass rushing team in 2001.
I do worry a lot about the Horns' place-kicking, but the coaches are bringing
in several walk-ons and, hopefully, one of them can kick off into the end
zone and make most of the 40-yard field goals.
Even if the kicking problems aren't solved, this is a team with enough
weapons, offensively and defensively, to be a top 10 team.
No one in the college ranks will be better or deeper at the receiving
positions, particularly when the tight ends are added to the mix, and few
teams will have better defensive secondaries.
The offensive line will be one of the best pass-blocking lines in the Big 12,
and the defensive line, despite having two new tackles, also will be one of
the league's best.
Here's the way I see the Big 12 South race winding up, and, briefly, why I
place each team at its particular spot:
1. Texas - Too many big play guys for the other teams to stop.
2. Oklahoma - Defending national champs could do it again if they can find
another great QB.
3. Texas Tech - Big passing game too tough for everyone in South but Texas
and Oklahoma.
4. Texas A&M - Even R. C. Slocum says the Ags "will not dazzle anyone with
talent."
5. Oklahoma State - Team has too many holes and too tough a schedule to do
any better.
6. Baylor - Bears still find Big 12 a tough row to hoe with little offense
and overworked defense.
Nebraska should win the North, mainly because the Huskers host the big game
with Kansas State.
The Southern Division teams have beaten the North three times in the five
championship games and I think Texas or Oklahoma will make it four this year.
The  South is a lot stronger than the folks ) and particularly the pundits )
in the North think, and it's getting stronger every year.

900 Number Updated Frequently

I update my 900 number at least twice a week with football and football
recruiting news. The number is 1-900-288-8839. It costs $1.59 a minute. You
must be 18 or older to call.

UT Starts Another Great Recruiting Year with First Pledge

The Longhorns have three great recruiting classes in succession, and they
made a good start on a fourth earlier this month when outstanding Brownwood
junior OL Bret Valdez. 6-4, 310, 5.1, confirmed he has committed to the UT
coaches.
Valdez, one of the state's great run blockers, said he went to the UT spring
game March 31 and really liked what he saw.
He said the Texas coaches offered him a scholarship  at the spring game.
"They told me I was the first offensive lineman they have offered this year"
he said, adding that he went home and talked to his parents about it and
decided he wanted to be a Longhorn.
He said he came to Austin the weekend after the spring game and  competed in
the Texas Relays, throwing the shot and discus.
" After I was through competing," he said, "I went over to the coaches'
offices and talked to coach (Mack) Brown and coaches (Tim) Nunez and (Mike)
Tolleson and told them I was ready to commit. I'm really excited about being
a Longhorn."
He said he also was being recruited by about 20 other schools including
Florida State, Texas A&M, Oklahoma, Alabama and Notre Dame.
"The first time they can come see us is in May and Florida State, A&M, OU,
Notre Dame and Alabama coaches had all told my coach they were going to come
down and see me then."
But he said they need to change their travel plans because he is firmly
committed to the Longhorns and will tell any other coaches who contact him
that he is a future Longhorn.
"Texas has really been recruiting well every year and I think they have a
great shot at winning a national championship in the next year or two," he
said. "I like the way they emphasize academics, too."
"I think I'll have a good chance to start after a redshirt year," he said.
The Longhorns probably will sign only three offensive line prospects next
February, and the coaches have not offered scholarships to any other
offensive line prospects I have been talking to, so they must consider Valdez
to be the state's top OL prospect.
Brownwood went 11-2 last year, and Valdez was the team's top blocker. He has
thrown the shot 53 feet and discus 162-7.
On tape, Valdez is a very aggressive blocker who has an explosive start that
allows him to make quick contact and then he simply drives his guy backward.
He has the quickest start of any of the big offensive line prospects I have
seen this year.
One of the best things about him is that he is only 16 and won't turn 17
until June 15, but he already benches 320 and squats 600.
* * * *
The Longhorns need a bumper crop of defensive linemen this year, and they
stand a very good chance to get an early commitment from one of the top ones
around at their early June camp.
He is Lyle Sendlein, 6-4, 260, 4.8, of Scottsdale Chaparral, a top DT who is
the No. 1 recruit in Arizona.
Sendlein is the son of former UT and NFL LB Robin Sendlein, and he is the
brother of UT redshirt freshman LB Austin Sendlein.
I talked to Sendlein Sunday and he told me he is coming to the June 4
Longhorn camp.
I asked him if he is planning on going to any other camps this summer.
"It depends on what happens at the Texas camp," he said. "I might commit. I
really like Texas."
He said he also is being recruited by Notre Dame, Arizona, UCLA, Arizona
State, USC and "about 15 other schools.
* * * *
Another top DT prospect who is a strong Texas lean is Kasey Studdard, 6-2,
260, 4.8, of Highlands Ranch, Colo.
He is the son of David Studdard, a former UT offensive line star who started
for the Denver Broncos for about 10 years after his career at Texas.
Studdard told me Sunday he probably isn't going to go to any summer camps,
but he said, "I really like Texas." He said other schools recruiting him
include Colorado, Colorado State, Nebraska, Washington, USC and Missouri.
His sister, Katie, recently accepted a basketball scholarship at Northern
Colorado.
* * * *
DE Larry Dibbles of Lancaster, who has thrown the shot nearly 61 feet, says
he is bigger and also a little bit faster than I have him listed.
"I'm 6-4 1/2, 270 and I run a 4.68 40," he said. He's also an honor student
who carries a 3.6 GPA on a 4.0 scale and has already made a qualifying score
on the SAT.
"I want to take it again to try to do better, but I've already made a
qualifying score," he said.
When I asked him if he plans to go to any camps this summer, Dibbles said,
"I'm going to the Nike camp at A&M and a Texas camp, probably in late June. I
might go to one more camp, maybe at Oklahoma."
He said Oklahoma, LSU, TCU and SMU have already offered him a scholarship,
and said other schools recruiting him include UT, Notre Dame, A&M, Purdue,
Florida and Nebraska.
When asked what he is looking for in a school, he said, "Academics has to be
first. I want to major in something in the engineering or computer range.
"I also want to know about the graduation rate for football players. The
coaches are important, too, and the chance to get playing time."
He said he went to the Longhorn coaches' offices after competing in the Texas
Relays and met with head coach Mack Brown, DE coach Hardee McCrary and RB
coach Bruce Chambers, who recruits the Lancaster area.
"It was nice in Austin," he said. "I'm pretty interested in Texas."
He also said he thinks Lancaster has a chance to make a good run in the
playoffs this year. "We got to the third round last year and lost to Ennis,"
he said. "Ennis won state and we had a lot of young players, so we think we
have a chance to do better this year."
* * * *
Some of the top football players in the state are also some of the top track
performers.
UT CB signee Michael Huff  won the District 7-5A sprints in 10.69 and 21.68
and anchored the 400-meter relay to victory in 41.32.
Another Longhorn CB recruit, Cedric Griffin of San Antonio Holmes, won the
District 27-5A hurdles in 13.75 and 37.76. He also placed fourth in the
triple jump with a 42-3 leap.
There are always a lot of regional qualifier meets between the district and
regional meets and junior RB DaBryan Blanton of Forney had some great times
at the one in Glen Rose Friday, running a 10.1 100 meters and 20.7 200
meters. UT WR recruit Quan Cosby of Mart was second in both races, running
10.5 and 21.18.
Junior RB/CB Edorian McCullough of North Garland, who is undefeated in the
dashes this year, ran 10.36 and 20.89 and anchored his 400-meter relay team
to a win in 41.07 in a regional qualifer meet in Mansfield. Huff was second
in the 200 in 21.54 and third in the 100 in 10.55.
UT LB recruit Derrick Johnson ran a 10.79 for third place in the 100 in a
regional qualifiers meet in McGregor. He has run a 10.6 this year.


I guess I will have to be content with "Gator on a stick" Louisiana style !!

Brian Hoskins@ENRON COMMUNICATIONS
11/13/2000 04:16 PM
To: Lenine Jeganathan/HOU/ECT@ECT@ENRON
cc: Eric Bass/HOU/ECT@ECT@ENRON, Hector Campos/HOU/ECT@ECT@ENRON, Shanna
Husser/HOU/EES@EES@ECT@ENRON

Subject: Re: Thanksgiving dinner

Please, no fruit bats this year, Lenny!

	Lenine Jeganathan@ECT
	11/13/00 04:17 PM

		 To: Shanna Husser/HOU/EES@EES
		 cc: Hector Campos/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Brian Hoskins/Enron
Communications@Enron Communications
		 Subject: Re: Thanksgiving dinner

I'll get the wine.Unless you all want to experiment with my cooking skills.

	Enron North America Corp.

	From:  Shanna Husser @ EES                           11/13/2000 04:08 PM

To: Hector Campos/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT, Brian Hoskins/Enron Communications@Enron
Communications, Lenine Jeganathan/HOU/ECT@ECT

Subject: Re: Thanksgiving dinner

I didn't realize that there was a "tradition".  Remember- I wasn't in y'alls
little picture around this time last year.  What does the tradition consist
of?

   Hector Campos @ ECT                11/13/2000 03:57 PM

To: Brian Hoskins/Enron Communications@ENRON COMMUNICATIONS@ENRON
cc: Shanna Husser/HOU/EES@EES, Eric Bass/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT
Subject: Re: Thanksgiving dinner

I can cook.

Brian Hoskins@ENRON COMMUNICATIONS
11/13/2000 02:41 PM
To: Eric Bass/HOU/ECT@ECT, Shanna Husser/HOU/EES@EES, Hector
Campos/HOU/ECT@ECT, Lenine Jeganathan/HOU/ECT@ECT
cc:
Subject: Thanksgiving dinner

Do you guys want to keep the tradition and organize a Thanksgiving dinner
this Sunday?

Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net


Tana,
We need to add another amendment to extend the contract between EnronOnline
and FT Energy another 3 months.  The current amendment to the Dec. 13, 2000
original contract expires on March 31, 2001.  The new amendment should expire
on June 31, 2001.

The amendment should be sent to:
Michele Markey
Financial Times
3333 Walnut Street
Boulder, CO 80301-2515

Tel:  720-548-5568
Fax: 720-548-5003
mmarkey@ftenergy.com

Michele also wanted to make sure that she had a street address to send it
back to us (I suppose to your location?)

Thanks Tana.
Julie
3-4890


omerta (o-MER-tah) noun

   Secrecy sworn to by oath; code of silence.

[Italian.]

   "Roth wrote that Congress should take further steps to make sure IRS
   employees aren't held to a mafia-like omerta, code of silence, so they
   can `share information necessary for appropriate oversight and reform.'"
   Senator: IRS targeting whistle-blowers, Las Vegas Review - Journal,
   Mar 23, 1999.

This week's theme: words from the Italian language.

.............................................................................
In order to form an immaculate member of a flock of sheep one must, above
all, be a sheep. -Albert Einstein (1879-1955)

Ralph Waldo Emerson once said, "Language is a city to the building of which
every human being brought a stone." Invite your friends and family to join
in the quest by sending a gift subscription of A.Word.A.Day. It is free!
http://wordsmith.org/awad/gift.html

Pronunciation:
http://wordsmith.org/words/omerta.wav
http://wordsmith.org/words/omerta.ram


Thanks for the update.  Congratulations on your progress.

Keith Miceli@ENRON
07/24/2000 04:18 PM
To: Steven J Kean@EES, Mark Palmer/Corp/Enron@ENRON, Karen.Denne@enron.com
cc: Karen.Denne@enron.com
Subject: Re: Chorety Crisis

Steve and Mark:

I arrived in the US on Saturday with a good feeling about what appears to be
a successful resolution of the Chorety crisis.  Under Steve Hopper's
leadership, the Chorety spill became a non-issue by Friday.  During the
crisis, I collaborated with my counterpart from Shell/London, Michael
Megarry, in developing a Key Messages and Internal Q&As document (attached).
At the daily meeting/conference call, there was an Operations Report from the
site, an analysis of the day's newspaper articles (which I handled), and
discussions on how to respond to media that were reporting or airing
inaccurate information that was damaging Transredes' image.

I also developed a Stakeholders Action Plan (attached) for the Incident
Commander to use in organizing and monitoring team member actions taken in
response to stakeholder concerns.  The Plan was updated daily by the
Transredes PR Office and given to team members prior to every
meeting/conference call.   The Stakeholder Report is intended to complement
the Operations Report.

I also want to acknowledge the support of Karen and Dennis during the early
stages of the crisis.  It was extremely helpful.

Regards, Keith


-----Original Message-----
From: 	Hayslett, Rod
Sent:	Monday, October 01, 2001 5:21 PM
To:	Gilbert, Steve
Cc:	Keiser, John; Geaccone, Tracy
Subject:	RE: 2002 Plan

Actually we are not going to wear any of these in FA&A.     They will be carried at the legal entity level, even though we may put them in the model as FA&A.   There are just some issues that won't go away.    I will still need the calculations of the depreciation and such so that we can determine who is responsible, when we do the legal entity stuff, so we may as well add everything the way we were planning to do it and we will format it to where we want to show it in the final.

 -----Original Message-----
From: 	Gilbert, Steve
Sent:	Monday, October 01, 2001 3:56 PM
To:	Kleb, Steve; Keiser, John; Geaccone, Tracy
Cc:	Jones, Dana; Neubauer, Dave; Miller, Mary Kay; Kissner, Tim; Chandler, Bob; Hayslett, Rod
Subject:	2002 Plan

The latest from a discussion with Rod, Mary Kay and Dave N. this morning:

FA&A will carry the depreciation - targets may be adjusted for yr to yr increase

IMP and FAS 106 will  be carried at FA&A ,Potential offsets to yr to yr increases are yet to be  determined.

Thus, the above items will not be put into the NNG Commercial Adaytum model.


thats it

Shanna Husser@ENRON
03/06/2000 04:26 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

Hey- I'll just call you when I get ready to leave Toni and Guy- so you will
know I am on my way.

713-526-8304

Right??

Sh


There are many different variations of the "ILOVEYOU" computer virus still
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Call your HelpDesk to ask any questions and to get verification if required.

We may need you to log out and log back in during the day as new anti virus
updates become available.  We appreciate your cooperation while we all work
to keep Enron's computing environment secure.

Please note the following Enron Policies regarding viruses:

Email

Malicious Code (Virus) Screening
In addition to the Enron requirement for email attachments (received and
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Dave Fuller should be on the West Gas Orig team.  He was accidentally included in structuring and then cut.  Tych likes him and so do we here in Portland.

Chris Calger
503-464-3735

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Thursday, December 06, 2001 1:49 PM
To:	Calger, Christopher F.; Belden, Tim
Subject:

 << File: NETCOPEOPLE612.xls >>

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


The thing at Bz is that interfaith singles something?  I will not have a
chance to come by tomorrow as I will be tied up all day.  Maybe I can get by
on Sun. Are you going to be at the new place?

Do you have Marcia's e-mail address?


Rick Shapiro asked me to forward his response to me to the rest of the
Project Stanley team.

---------------------- Forwarded by Robert Hemstock/CAL/ECT on 09/01/2000
10:20 AM ---------------------------

Richard Shapiro@EES
09/01/2000 06:50 AM
To: Robert Hemstock/CAL/ECT@ECT
cc:
Subject: Re: Project Stanley - Recent Meetings with Alberta Government and
TransAlta

Absent Milnthorp's concern, I believe we should participate in coalitions and
issues that make business sense as this one appears to- While we need to be
cognizant of Stanley, it should be business as usual... so I would
participate if that were the decision we would make absent Stanley..... We
did nothing wrong in Stanley and this is an issue, i.e; B.C. Hydro/powerex
transmission market power that needs to be remedied. I would also ask
Milnthorp to reconsider his objection to participating while we're in
litigation - I think on issues like this where we have common ground that are
unrelated to the litigation, we need to rise above it and work to achieve the
common objective. Thanks.

To: Richard B Sanders/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES,
Aleck Dadson/TOR/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, awm@blakes.com,
glenn.leslie@blakes.com, dwm@blakes.com, Eric.Thode@enron.com
cc: Rob Milnthorp/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT
Subject: Project Stanley - Recent Meetings with Alberta Government and
TransAlta

"Privileged and Confidential"

Please note: I have not sent this memo to GPC.

1.  Meeting with Alberta Department of Resource Development

Rick Shapiro, Aleck Dadson, and I met with two senior officials from the
Alberta Department of Resource Development last week (Larry Charach,
Executive Director, Electricity  and Stan Wenger, Assistant Deputy Minister,
Gas & Alberta Markets) and it is our view that the ADRD is not aware of
Project Stanley based on some rather awkward questions we were asked by Larry
Charach relating to our views on whether Powerex has complied with the spirit
of the rules in Alberta.

2. Meeting with TransAlta and Other Alberta Marketers

I attended a meeting of Alberta marketers last week hosted and organized by
TransAlta's trading group.  TransAlta proposed the companies in attendance
form a coalition whose mandate and objective would be to retain counsel (U.S.
and Canadian) along with possibly other experts to assist the coalition in
formulating a strategy designed to address concerns of the invited market
participants with B.C. Hydro Power Supply, B.C.Hydro Grid Operations and
Powerex's alleged improper use of the Network Economy Tariff provisions in
the B.C. Hydro Wholesale Transmission Tariff.

The attendees at the meeting included representatives from 4 of the 5 Alberta
PPA Buyers, namely Enron, TransCanada Power, Engage Energy, and Enmax along
with Atco Power, PanCanadian, Duke Energy, and Aquila.  In addition, although
Bonneville Power Administration was not in attendance it was interesting that
TransAlta advised that BPA  shared TransAlta's concerns and was interested in
working with this group to address these concerns.

At the meeting TransAlta walked the group through a specific example of a
situation that occurred in May 2000 where TransAlta alleges that both it and
TransCanada Power were blocked from using scheduled interruptible
transmission capacity out of Alberta by B.C. Hydro Power Supply through its
use of the Network Economy provisions in the B.C. Hydro Wholesale
Transmission Tariff (which has a higher priority than interruptible
transmission) during a period when prices were considerably higher in the
Pacific Northwest than in Alberta.  As a result of the interruption of
TransAlta's and TransCanada's interruptible transmission reservation,
transmission capacity between Alberta/BC border and BC/US border became
available and was immediately acquired by B.C. Hydro Power Supply and used to
support Powerex exports during these periods into the U.S.    TransAlta
estimates the opportunity cost  of this curtailment to TransAlta was $2
million.

TransAlta's frustration is no surprise to Enron Canada.  I can advise that I
wrote a memo to John Lavorato dated March 17, 2000 in which I reviewed
Enron's concerns regarding the behavior of B.C. Hydro Power Supply  and
Powerex that is very similar to the allegations presented by TransAlta.  The
purpose of my memo to John L was to outline my initial thoughts on what Enron
Canada may wish to do to attempt to stop this abuse and was focused on the
idea of proceeding with a complaint to FERC that B.C. Hydro Power Supply and
Powerex were exercising transmission market power.   Enron Canada did not
pursue this any further at the time.

Among the ideas reviewed by TransAlta with the group to address and rectify
the abuse it alleges exist on the transmission path between Alberta and the
U.S. Pacific Northwest included:
 i) a complaint to ADRD and a request they become involved;
 ii) a complaint to the Alberta Market Surveillance Administrator;
 iii) a complaint to FERC;
 iv) a complaint to the BCUC;
 v) a complaint to the B.C. Government;
 vi) a complaint to the NEB;
 vii) a complaint to the Competition Bureau; and/or
 viii) a NAFTA complaint.

With respect to TransAlta's comments relating to the Competition Bureau, they
advised the group that they have spoken to the Competition Bureau about their
concerns and were told by the Competition Bureau that it is monitoring the
Alberta electricity market.   Based on the description provided by TransAlta
of its discussions with the Competition Bureau and other comments made by
TransAlta at the meeting I do not believe TransAlta is aware of Project
Stanley.    I believe the comments made by the TransAlta trader Enron's
trader last month about the Competition Bureau were not about Project Stanley
but were in the context of TransAlta complaining to the Competition Bureau
about B.C. Hydro Power Supply and Powerex's alleged abuse of the Network
Economy provisions in the Tariff.

The next step in the coalition building process is a meeting on September 11,
2000 of those companies that wish to proceed to form a coalition.  The idea
is that the coalition members would work out the terms of confidentiality
documentation prior to any member sharing historical information that it may
wish to provide relating to potential abuses by B.C. Hydro Power Supply or
Powerex.  In addition they intend to begin to consider which of the possible
courses of action described above would be most effective.  It appears from
the discussion at the initial meeting that the option that involves a
complaint to FERC is the most favored by TransAlta at this time.  Finally,
they intend to discuss a preliminary budget which TransAlta suggested may be
in the range of $500,000 Cdn if the group elects to proceed with a complaint
to FERC.

There are without question a number of reasons why a decision that Enron
Canada should not even consider having any part of this coalition in view of
the Project Stanley matter is the safest strategy.  Having said this, Enron
Canada has a significant commercial interest in seeing this coalition (with
or without Enron) achieve its objective to reduce or eliminate B.C. Hydro
Power Supply's and Powerex's ability to use the Network Economy Service to
block its competitors from access to import capacity into Alberta and export
capacity into the U.S.   Enron Canada's recent acquisition of the Alberta
Sundance B PPA (700 MW of capacity dispatch rights in Alberta) makes this
issue even more commercially significant as the ability to contract for
transmission capacity without the risk of a reasonable probability of
curtailment as a result of B.C. Hydro Power Supply invoking Network Economy
Service would represent a significant risk mitigant for Enron's Sundance B
long position.   There is also some benefit of participating in the coalition
to influence the direction it takes and to stay abreast of what it is doing.

I have discussed the matter with Rob Milnthorp and he agrees that the
decision to participate in the coalition would obviously have to be
considered and approved by those managing the Project Stanley issue.   If the
decision of the Project Stanley team is that Enron Canada must steer clear of
this coalition because of Project Stanley, then Rob M and other commercial
guys in ENA who do business with Powerex will not need to give further
consideration to additional reasons why Enron Canada may elect not
participate such as: i) the implications on Enron Canada's and ENA's
commercial relationship with Powerex, ii) whether Enron Canada  would be
prepared to commit to anything more than attending the first meeting of the
coalition with a view to understanding the nature of the confidentiality
obligations, the favored course of action, and the budget,  iii) whether
Enron Canada would explicitly reserve the right to withdraw from the
coalition at any time, and iv) whether Enron would want to be in a coalition
with BPA who I understand we believe may also be engaged in exercising
transmission market power .  To complicate this further, Enron Canada is
presently being sued by TransAlta over the interpretation of the wording in
two swap transactions and Rob Milnthorp has indicated that Enron Canada will
not agree to participate in any coalition with TransAlta unless and until
TransAlta discontinues this lawsuit.

I look forward to your comments and feedback on this issue.

Regards,

Rob


Buddy!
---------------------- Forwarded by Chris Germany/HOU/ECT on 03/21/2001 07:33
AM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 03/19/2001
02:03:01 PM
To:
cc:
Subject: Transco - Market Area IT Availability - March 20, 2001

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: John McGrath 713-215-2514March 19, 2001

To:     Transcontinental Gas Pipe Line Corporation Customers
        and Shippers

Re:     Market Area IT Availability  March 20, 2001

The available interruptible transportation service (IT and
secondary FT) on Transco for pipeline day Tuesday, March 20,
2001 and continuing until further notice is summarized as
follows:

Tier I and Tier II (only Sta. 90 through
Sta. 180 affected)                                      OPEN

South Virginia Lateral Compressor Station 167           144 MDt/day

Tier III (Station 180 through East)                     0 MDt/day

Leidy at Centerville Regulator Station
(Only deliveries downstream of Centerville
regulator affected)                                     OPEN

Linden Regulator Station
(Located in Union County, New Jersey)                   50 MDt/day

Mobile Bay Lateral                                      162 MDt/day

The above available interruptible transportation service
refers to deliveries into the affected area that have
receipts upstream of the bottleneck or affected area.

If you have any questions, please call John McGrath at (713)
215-2514 or Keith Chernicky at (713) 215-2655.

J. E. McGrath
Manager
Operations Planning

--------------------------ADDITIONAL X12 INFORMATION------------------------
Trans. Svc. Provider: 007933021 - TRANSCONTINENTAL GAS PIPE LINE CORPORATION
   Notice Identifier: L0103191
     Critical Notice: Yes
      Type of Notice: 8-Capacity Constraint
   Required Response: 5-No Response Required
   Resp By Date/Time: N/A
Notice Eff Date/Time: 03/19/01 13:56:32
Notice End Date/Time: N/A
              Status: 1-Initiate
 Prior Notice Ident.: N/A
____________________________________________________________________________

 - C.DTF


---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/20/2000
09:30 AM ---------------------------

	Enron North America Corp.

	From:  Victor Guggenheim                           10/20/2000 08:58 AM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: official post id


Shari,

# of Producer Services deals in Apr:  439 existing
                  5 new
             444 Total


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 01/19/2001 09:32 AM -----

	Enron Global Markets LLC - Office of the Chairman@ENRON
	Sent by: Enron Announcements@ENRON
	08/17/2000 07:14 AM

		 To: North America
		 cc:
		 Subject: Org Announcement - Enron Global Markets
   Enron Global Markets LLC - Office of the Chairman

After having conducted our first of several business reviews, Enron Global
Markets - Office of the Chairman would like to outline the following
organizational changes effective immediately.

The Global Risk Markets group under Jere Overdyke illustrates enormous
opportunities given the size of those businesses.  To better focus on the
different commercial functions and to capture market share and value, the
group is being realigned.  Jere will continue to manage Global Risk Markets
and build on our insurance capabilities.  Mark Tawney is responsible for our
weather business and will now report to the EGM Office of the Chairman.

Brent Price will be joining Enron Global Markets as Vice President of
Operations and Chief Accounting Officer.  He will report to the EGM Office of
the Chairman, and to Sally Beck, Vice President of Global Risk Management
Operations.  In his role as Chief Accounting Officer, Brent will also report
to Rick Causey, Executive Vice President and Chief Accounting Officer for
Enron Corp.  Reporting to Brent in his new position will be Sheila Glover,
business controller for Financial Products; Todd Hall, business controller
for weather; and Scott Earnest, business controller for global products and
coal.  In addition, Tom Myers will join Brent's management team as Director
of Accounting.  Brent and his team are responsible for all accounting, risk
reporting and trading operations for all the businesses within EGM.

Cindy Skinner will join the Enron Global Markets team with responsibility for
Human Resources.  She will also report to David Oxley and the HR organization.

Please join us in congratulating everyone in their assignments.


***************************************************************
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Catherine,
I believe this was meant for Bill Williams in Technical Assets.
Please note the difference in email addresses.
Thanks,
Bill

-----Original Message-----
From: Clark, Catherine
Sent: Tuesday, October 09, 2001 7:24 AM
To: Barto, Brian D.; Dieball, Scott; Booth, Eric; Rigby, John G.;
Williams III, Bill; Fleenor, William; Wente, Laura; Thomas, Jake
Cc: Bills, Lisa; Vos, Theresa; Dennis, Tonya
Subject: FW: Longview Project--Drawings/Documents--Quantities & Types
Draft Change Order

Finance is fine with the change order inclusive of Scott's comments.  Please send us an executed copy, as we are obligated to pass it on to the banks.  How will the payment of the additional $6,000 be handled?  Will the next progress payment (23.5% of purchase price, scheduled for Dec 1, 2001) be based on the new price + the "catch-up amount" ($2,850,560.30)?  Please let us know so E-Next can budget accordingly.  Thanks,
-Catherine

-----Original Message-----
From: Bills, Lisa
Sent: Tuesday, October 09, 2001 8:51 AM
To: Clark, Catherine
Subject: FW: Longview Project--Drawings/Documents--Quantities & Types
Draft Change Order

-----Original Message-----
From: Dieball, Scott
Sent: Tuesday, October 09, 2001 8:38 AM
To: Barto, Brian D.
Cc: Booth, Eric; Rigby, John G.; Williams, Bill; Bills, Lisa; Clark,
Kathleen; Fleenor, William; Wente, Laura; Thomas, Jake
Subject: RE: Longview Project--Drawings/Documents--Quantities & Types
Draft Change Order

Brian,

Please see the attached Change Order No. 1 on which I have redlined my comments.

Check to make sure that the signature block for E-Next/ENA conforms with the signature block in the Purchase Agreement.

Also, please verify with Lisa, Kathleen and Billy that they are OK with the form Change Order.

Thanks,

Scott


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 06/26/2000
02:53 PM ---------------------------

Daren J Farmer
06/26/2000 01:41 PM
To: Stella L Morris/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Robert
Cotten/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON
cc: Stacey Neuweiler/HOU/ECT@ECT
Subject: 3 Rivers outage

The following deals have been taken to zero from 6/27/00 to 6/29/00 for the 3
Rivers outage.  Flow should resume on 6/30/00.

137939  12
202362  101
133263  42
296629  30
166810  30
133433  87
138426  918
133344  54
130865  246
137936  18
204859  1800
130510  381
279778  21
136275  70
139092  10
126330  41
125808  1405 (various points)
137632  60 (Various points)
137850  5
137858  1
138456  25
126335  612
138094  1265
93779  2677
266970  2812
113858  7000

Total  19,723


GADSDEN RESEARCH SERVICES'
FERCwatch
 October 17, 2001

FERC Agenda for Wednesday, October 24, 2001 (see table list / order form below)

[For those who can't view the following draft order list in a table format; if you retrieve the agenda for the previous meeting, you must first delete previously viewed pages in your internet browser]
To review the official posted agenda:
COMMISSION AGENDA <http://www.ferc.fed.us/public/isd/sunshine.htm>

GRS DRAFT ORDER SUBSCRIBERS:  PLEASE SUBMIT DRAFT ORDER REQUESTS (FAX or E-MAIL) BY 6 P.M., TUESDAY, OCTOBER 23RD.

Reply by inserting the appropriate letter designation in the Request Copy column (D for Regular or Overnight Delivery, R for Rush Delivery, or F for Fax).  Please include your internal reference numbers in the Client Charge/Billing No. column.  (If your e-mail program does not allow you to view this transmission in a table format and you would like a copy sent to you as a Word or WordPerfect attachment, or faxed to you, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.

DRAFT ORDER REQUESTS

October 24, 2001

(fax to 202-318-4524 or e-mail to grs4ferc@starpower.net

by 6 p.m. Tuesday, October 23, 2001)

Item No.

Docket Nos.

Company Name

Request Copy

D - Deliver

R - Rush

F - Fax

Client Charge/

Billing No.

A-1

AD02-1-000

Agency Administrative Matters

A-2

AD02-2-000

Legislative Matters

A-3

AD02-3-000

Customer Matters

A-4

AD02-4-000

Reliability, Security and Market Operations

M-1

RESERVED

G-22

GX01-2-000

Discussion of Efficient and Effectrive Collection of Data

A-1

RESERVED

M-1

RESERVED

E-1

EX02-1-000

RT01-99-000, et al.

Discussion of RTO Developments in the Northeast (PJM Interconnection, et al.; PJM/Allegheny Power/PJM West; New York ISO, et al.; Bangor Hydro-Electric, et al./New England RTO)

E-2

EX02-2-000 RT01-100-000, et al.

Discussion of RTO Developments in the Southeast (GridSouth Transco, LLC, et al.; Southwest Power Pool, Inc.; Entergy Services, Inc.; Southern Company Services, Inc.)

E-3

EX02-3-000 RT01-87-000, et al.

Discussion of RTO Developments in the Midwest (Midwest ISO, Alliance Cos., et al.)

E-4

AD01-2-000

Discussion of Western Infrastructure Adequacy Conference

E-5

RM01-12-000

Electricity Market Design and Structure

E-6

ER01-2922-000

New England Power Pool

E-7

ER01-2967-000

New York Independent System Operator, Inc.

E-8

OMITTED

E-9

ER01-2994-000

Arizona Public Service Company

E-10

ER01-2984-000

Cinergy Services, Inc.

E-11

ER01-2977-000 ER01-2658-000 ER01-2980-000

American Electric Power Service Corp.

E-12

ER01-2985-000

Commonwealth Edison Company

E-13

ER01-2001-000

New York Independent System Operator

E-14

ER01-3009-000 EL00-90-000 ER01-3153-000

New York Independent System Operator

Morgan Stanley Capital Group, Inc. v. New York Independent System Operator

E-15

ER01-3014-000

PJM Interconnection L.L.C.

E-16

ER01-3026-000

American Electric Power Service Corp.

E-17

ER01-3022-000

Cinergy Services, Inc.

E-18

ER01-3086-000

ISO New England Inc.

E-19

EL00-95-034 EL00-98-038

San Diego Gas & Electric Co. v. Sellers of Energy and Ancillary Services?, et al.

E-20

ER01-1639-000

Pacific Gas and Electric Company

E-21

ER01-2685-000

PacifiCorp Power Marketing, Inc.

E-22

OMITTED

E-23

ER97-1523-066 OA97-470-061 ER97-4234-059

Central Hudson Gas & Electric Corp., et al. and New York Power Pool

E-24

EC01-145-000 EL01-110-000

EME Homer City Generation L.P.

E-25

ER01-2163-001

American Electric Power Service Corp.

E-26

EL01-93-001

Mirant Americas Energy Marketing, L.P., Mirant New England, LLC, Mirant Kendall, LLC and Mirant, LLC v. ISO New England

E-27

OMITTED

E-28

OMITTED

E-29

OMITTED

E-30

EL01-124-000 ER01-2559-001 ER01-2559-002

Calpine Eastern Corp., Mirant Americas Energy Marketing, L.P., Mirant New England, LLC, Mirant Kendall, LLC, Mirant Canal, LLC and FPL Energy, LLC v. ISO New England

G-1

RP01-613-000 RP01-613-001

Northwest Pipeline Corporation

G-2

RP01-612-000

ANR Pipeline Company

G-3

OMITTED

G-4

RP96-389-031

Columbia Gulf Transmission Company

G-5

RP96-389-032

Columbia Gulf Transmission Company

G-6

RP02-5-000

TransColorado Gas Transmission Company

G-7

GT01-35-000

ANR Pipeline Company

G-8

OMITTED

G-9

RP01-626-000

Dominion Transmission, Inc.

G-10

PR01-16-000

Bridgeline Holdings, L.P.

G-11

PR01-17-000

Raptor Natural Pipeline LLC

G-12

RP97-406-032 RP01-74-007

Dominion Transmission, Inc.

G-13

RP00-223-005

Northern Natural Gas Company

G-14

IS01-33-000

Alpine Transmission Company

G-15

RP00-399-003 RP00-399-004 RP00-399-005 RP01-2-001

National Fuel Gas Supply Corporation

G-16

GT01-25-001

ANR Pipeline Company

G-17

RP01-232-002

Northwest Pipeline Corporation

G-18

RP01-246-002

Natural Gas Pipeline Co. of America

G-19

RP99-301-029

ANR Pipeline Company

G-20

RP99-301-030

ANR Pipeline Company

G-21

MG01-29-000

Pine Needle LNG Company LLC

G-22

MG01-28-000

Vector Pipeline, L.P.

G-23

RP01-539-000

Texas Gas Transmission Corporation

G-24

RP01-624-000

Gulf South Pipeline Company, LP

H-1

HB61-93-11-004

Public Sercvice Co. of New Hampshire, CHI Energy, Inc. and Essex Hydro Associates

H-2

P-11871-001

P-11884-002

Symbiotics, L.L.C.

City of Twin Falls, Idaho

H-3

DI98-2-001          P-137-002

Alaska Power & Telephone Company

H-4

OMITTED

H-5

P-4204-025

P-4659-027

P-4660-029

City of Batesville, Arkansas

Independence County, Arkansas

H-6

P-1962-000

P-1962-028

Pacific Gas & Electric Company

C-1

CP01-79-000

ANR Pipeline Company

C-2

CP01-389-000

Transcontinental Gas Pipe Line Corp.

C-3

CP01-69-000 CP01-69-001

Petal Gas Storage, L.L.C.

C-4

CP01-444-000

Calypso Pipeline, LLC

C-5

CP01-87-001

Dominion Transmission, Inc.

C-6

CP01-106-001

Kern River Gas Transmission Co.

C-7

CP01-70-001 CP01-70-002

Columbia Gas Transmission Corp.

C-8

CP01-31-002 CP01-31-000 CP01-31-001

Kern River Gas Transmission Co.

C-9

CP01-49-001 CP01-49-000

Northwest Pipeline Corporation

C-10

CP01-141-001

PG&E Gas Transmission Northwest Corp.

C-11

CP01-97-001

Nornew Energy Supply Inc. and Norse Pipeline, L.L.C.

GRS' FERCwatch e-mail notification is a free courtesy service of Gadsden Research Services, energy research and document retrieval specialists.  Periodically (generally once or twice weekly), GRS will broadcast FERCwatch with descriptions of major FERC issuances or filings such as rulemakings, policy statements, mergers, new rate filings, major rate changes, and certificate filings.

GRS can provide hardcopies of any of the above listed items at nominal charges; for document requests or estimates of charges, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net> or call 202.210.4771 (toll free, 1.877.544.4771).

For an e-mailed copy of a brochure of GRS services and rates for FERC and other federal agency research please e-mail your request to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.  For a mailed copy, please include your name, firm name and street address.  For a faxed copy, please include your fax number.

The FERCwatch subscription list is used for the sole purpose of providing information on FERC and energy industry activity and will not be sold or otherwise distributed to any other business or organization.  For additions or removal from the FERCwatch notification list, please reply to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.

Send suggestions on how the GRS' FERCwatch can better serve the energy community to grs4ferc@starpower.net <mailto:grs4ferc@starpower.net>.


John,

Per our discussion, Nov 13 is fine.

Vince

"John D. Martin" <J_Martin@baylor.edu> on 10/09/2000 05:27:30 PM
To: vkamins@enron.com
cc:
Subject: Waco visit

Vince,

I have penciled you in for Nov 13th for my class.  Does this work for you?
This is a Monday and I would suggest you come up Monday afternoon, you can
give a brief talk to our department late in the afternoon, and then you can
talk to my Ex MBAs at 6 p.m. for an hour or so.  I'll get you to the hotel
for the evening and we can work on the paper Tuesday morning.  I recommend
this Mon noon through Tue noon arrangement since I will be out of town the
weekend before the 13th.  If this needs reshuffling let me know.  We'll
make it work.

I look forward to talking with you later this week along with Mark Palmer.

John

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


FYI
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/13/2000
09:49 AM ---------------------------

	Enron North America Corp.

	From:  Marie Heard                           01/12/2000 04:28 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: Brokerage Account/CIESA Transaction

FYI!
---------------------- Forwarded by Marie Heard/HOU/ECT on 01/12/2000 04:27
PM ---------------------------

Andrea Bertone@ENRON_DEVELOPMENT
01/12/2000 04:50 PM
To: Nancy Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard@ECT
Subject: Re: Brokerage Account/CIESA Transaction

Nancy: I just spoke to Rick and he confirmed that EPCA is the company that
needs the brokerage account. I also just learned from Kishkill that we would
like to start trading as early as Friday, if possible. We would appreciate if
you could help us speed up the process. Please let me know if you need any
further information. Thanks.

Nancy Muchmore
01/12/2000 05:25 PM
To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Glenn E
Matthys/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard@ECT

Subject: Brokerage Account/CIESA Transaction

Please let me know which company needs to open a brokerage account in
connection with the CIESA transaction.  Once you tell me which company it
should be, we can start the corporate authorization process and I will
coordinate with Marie Heard of ENA concerning other information she'll need
in connection with opening the account.

Please bear in mind that it will take some time (I'm not certain exactly how
long--I will find out) to get all of the proper authorizations and other
paper work into place, once you have decided on the company.

Nancy


Will the LME transactions go under a relevant financial master, if any, or
will they always be standalone under the GTC?


I can't seem to find any PPA's with this type of language.  Also, I'm still
trying to think who might have done a deal of this type.  You may want to
check with Ozzie Pagan.  Thanks
Ben


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy
            Erin Perrigo, Manager of Policy

DATE: June 29, 2001

RE: Draft Letter to FERC Commissioners Regarding Alliance
      RTO Stakeholder Process and Interconnection Agreement

Attached is a draft letter addressed to the FERC Commissioners concerning the
collaborative stakeholder process of the Alliance RTO (ARTO).  As you are
aware, EPSA sent a letter in April to the ARTO transmission owners outlining
our concerns with the development of the ARTO stakeholder process.  The ARTO
subsequently made its compliance filing to FERC in May describing the
progress of the collaborative stakeholder process.  Many parties filed
comments outlining the flawed progress and their inability to provide
meaningful stakeholder input to the ARTO.

Most recently, the ARTO removed all system upgrade transmission crediting
provisions from the latest draft Interconnection Agreement and
Interconnection Procedures covered during the June 7-8, 2001 collaborative
meeting.  We are concerned that such an action will have grave effects on
generation and is clearly inconsistent with FERC precedent.  We are also
concerned with the ARTO's commitment to uphold its interests in the Inter-RTO
Cooperation Agreement ("Cooperation Agreement") to form a common pro forma
Generator Interconnection Agreement with the MISO.

We intend to send the letter to the FERC Commissioners as well as all parties
in the active docket.  The letter will be signed by EPSA, but if individual
generators would also like to sign on, please let us know.  If you have any
comments, please contact Erin Perrigo at 202-628-8200 or at eperrigo@epsa.org
by noon EST on Tuesday, July 3rd.

Attachment

 - ARTO IA letter.doc


We're getting so many great stories that we've extended the deadline for your
Enron Business Extreme Enron entries to Wednesday, March 28!  Have no idea
what we're talking about?  Read on(
Enron employees are famous for taking risks.  Is this an ingrained
characteristic?  Are we natural-born adrenaline junkies?  We think so, but we
want to find out from you.
If your idea of a good vacation is training for the Eco-Challenge, driving
monster trucks or assisting archeological digs in Siberia, tell us all about
it.  If you know of an employee who has an unusual pastime like missionary
work in the Congo, chasing tornadoes or filming sharks, we want to know.
Send your entries by email to sarah.palmer@enron.com, by fax to 713-853-6790
or by mail to Sarah Palmer, Enron Public Relations, EB4703D, Houston, Texas
77002.
We'll choose our favorite extreme stories and publish them in the next issue
of Enron Business.  Also, don't forget to check out the current issue --
newly designed -- at http://home.enron.com/pubs/enronbiz/2001/vol1/index.htm


We added $75M so Schedule C tonight.

DG


Spoke with Steve about the swap question.  He wants to talk with you about
this before circling back to Knippa.  If you don't hear from him, and want to
call him, his # is 281-350-8441.

Re. TW's exposure if we authorize ECS to lock in too early:

If TW defaults under the CSA, it must hold ECS harmless with regard to
expenses incurred by ECS in the assignment of the electric supply agreement
and pay ECS whatever is owed under the agreement.  No other specific damages
are addressed, and the agreement specifically prohibits the recovery of
consequential, incidental or indirect losses or damages.  (Section 9.2
provides for reimbursement for ECS's reasonable costs in providing
Compression Services, but only in the event TW uses its FERC out.)  The Gas
Conversion Agreement provides for termination of the agreement in the event
of default by TW under the CSA, and obligates TW to reimburse ECS for ECS's
costs and expenses incurred in unwinding the forward sale of natural gas
volumes to be delivered to ECS under the agreement.

Other questions -- let  me know.


I NEED YOU FOR A MOMENT..

LISA

 -----Original Message-----
From: 	Thompson, Virginia
Sent:	Monday, June 17, 2002 3:01 PM
To:	Gang, Lisa
Subject:	RE:

what's up?

 -----Original Message-----
From: 	Gang, Lisa
Sent:	Monday, June 17, 2002 3:01 PM
To:	Thompson, Virginia
Subject:

HELLO??????

LISA


Please find the attached document that includes UBS Warburg Energy's Holiday Schedule:

Regards,
Julie Clyatt
713-853-3256


Jinbaek,

You can coordinate the details with me.
Let me know what the time frame is for you
and we shall send you an appropriate offer.

Vince

Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 03/02/2001 04:43:06 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Summer internship

Dr. Kaminski,

Thank you very much.
Of course, I'll be happy to have an opportunity
to work at such a wonderful company.
I was contacting with Surech Raghavan at Deal Bench team,
and was going to express my appreciation to you again
after settling down process with them.

For the period of working,
I still need to coordinate with my advisor and
may need to adjust according to that.
but anyway, I'll try to coordinate smoothly.

Please let me know whether I should keep contacting
with Deal Bench team,
for working period and
for misc. living support such as finding a place, rent a car, etc.

I appreciate you so much again,
for arranging such meetings and giving me an opportunity.
All this opportunity will not be available to me,
without your kind help.

Warm Regards,
Jinbaek

-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek

Go Bears!

      :"'._..---.._.'";       `.             .'       .'           `.
     :      a   a      :                 __....._
     :     _.-0-._     :---'""'"-....--'"        '.
      :  .'   :   `.  :                          `,`.
       `.: '--'--' :.'                             ; ;
        : `._`-'_.'                                ;.'
        `.   '"'                                   ;
         `.               '                        ;
          `.     `        :           `            ;
           .`.    ;       ;           :           ;
         .'    `-.'      ;            :          ;`.
     __.'      .'      .'              :        ;   `.
   .'      __.'      .'`--..__      _._.'      ;      ;
   `......'        .'         `'""'`.'        ;......-'
         `.......-'                 `........'

On Fri, 2 Mar 2001 Vince.J.Kaminski@enron.com wrote:

> Hello,
>
> Sorry for a delay in getting back to you.
> We would like very much to offer you a summer internship.
>
> Please, let me know if you are interested.
>
> Vince Kaminski
>
>


I thought there were a few web-sites on here that might be interesting to
you- . . . especially since you said your days were going pretty slow
lately.   :-)
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/20/2000 07:16
AM ---------------------------

yahoo-picks@yahoo-inc.com on 11/20/2000 12:36:38 AM
Please respond to yahoo-picks-reply+974714230@yahoo-inc.com
To: shusser@enron.com
cc:
Subject: Yahoo!'s Picks of the Week (November 20, 2000)

Here's the latest email installment of Yahoo!'s Picks of the Week. Thank
you for your interest in our feature. As always, you can access the full
document that surrounds these picks online at:

http://www.yahoo.com/picks/

------------------------------------------------------------------------
-- Weekly Picks
------------------------------------------------------------------------

WW II Codes and Ciphers

 http://www.codesandciphers.org.uk/

This homespun site was created by Tony Sale, a man instrumental in
preserving, restoring, and curating the historical collection at
Bletchley Park. Headquarters of British code-breaking during World
War II, Bletchley was "Britain's best kept secret" -- the place
where the German Enigma was finally deciphered in an incredible
cooperative super-effort. Detailed tutorials for the mathematically
inclined explain how the Enigma cipher machine worked and how the
Lorenz code was broken by the British-built Colossus machine. A
Bletchley Park photo album presents snapshots of an ordinary-looking,
extraordinary place.

--------------------

The Brownie Camera @ 100: A Celebration

 http://www.kodak.com/US/en/corp/features/brownieCam/brownieCam.shtml

In February of 1900, the Eastman Kodak Company introduced the
Brownie, a compact portable camera that cost $1. During the first
year, over 150,000 cameras were sold. The Brownie was designed and
intended for children, but it's explosive popularity led to the
birth of popular photography, the rise of photojournalism, and the
all-American snapshot. Kodak's gorgeously designed site offers
dozens of recollections, original advertisements, audio commentary
clips, and plenty of Brownie-shot snaps.

--------------------

BoondocksNet.com

 http://www.boondocksnet.com/

This site was created by historian and Mark Twain scholar Jim Zwick.
It began in early 1995 as a page about Twain's writing on the U.S.
expansionist war in the Philippines; since then, it has become an
essential library of historical texts, articles, photographs, and
political cartoons for the study of imperialism and anti-imperialism
in the late 19th and early 20th century. Remarkable e-texts and
related gems include: Arthur Conan Doyle's The Crime of the Congo,
Hull House founder Jane Addams' The Long Road of Woman's Memory,
and an interpretive archive of 3D stereoscopic photographs. And
the title? Boondocks, which means rough country, is derived from
the Tagalog word for mountain, and entered American English around
the time of the Phillipine-American War.

--------------------

Antimatter: Mirror of the Universe

 http://livefromcern.web.cern.ch/livefromcern/antimatter/index2.html

From CERN in Switzerland, the amazing particle physics laboratory
that brought us Tim Berners-Lee and the World Wide Web, comes this
introduction to antimatter. Tune in on November 21 to a live
educational webcast produced in cooperation with San Francisco's
Exploratorium or listen anytime to the archived presentation. Take
a guided video tour of the Low Energy Anti-Proton Ring (LEAR), a
particle accelerator that lets scientists create and observe
antimatter in a quest to understand how the universe works. Read
about Paul Dirac and the history of antimatter or see how it has
seeped in to our daily lives.

--------------------

Utopia: The Search for the Ideal Society in the Western World

 http://www.nypl.org/utopia/

In bilingual collaboration with the BibliothSque nationale de France
(France's national library), this exhibition explores the roots of
utopian thinking from ancient traditions to modern times. Travel
from the Garden of Eden to the City of God, then on to Thomas More's
definitive 1516 work, Utopia, a word that means both "good place"
and "no place." The exquisite image collection covers the Enlightenment,
19th-century revolutionary dreams, 20th-century dystopic nightmares,
and 21st-century metaworlds. The paintings and illustrations will
make you wish you were going nowhere too... or would that be
Erewhon?

--------------------

This is SportsCenter

 http://espn.go.com/thisissportscenter/

Which is better: ESPN's SportsCenter or the commercials for the
show? If you're a fan of the latter, you'll enjoy this rotating
selection of choice ads. No dumb beer ad humor here. SportsCenter
ads are like tiny Saturday Night Live skits: self-deprecating,
offbeat, and usually very funny, even if you don't like sports. So
treat yourself to a two-minute sanity timeout.

--------------------

short stories at east of the web

 http://www.short-stories.co.uk/

British web-design firm east of the web presents this splendid
collection of short stories organized by theme: fiction, romance,
crime, sci-fi & fantasy, humor, horror, hyperfiction, children's,
and non-fiction. How perfectly civil of them. Most of the stories
are wonderful, and thanks to public interest copyright law, they're
all free. Read them onscreen, print them out for the train ride
home, or download them onto your Palm Pilot.

--------------------

Lego Star Wars Trilogy

 http://www5b.biglobe.ne.jp/~mbsf/

The product of over 2,500 hours of monomaniacal determination, the
Lego Star Wars Trilogy recreates 180 key scenes from the original
series. Relive all of those magical moments through Lego-lensed
glasses: the Tatooine races, the Hoth battles, the Ewok dances.
You won't find any Millennium Falcon or Imperial Walker Lego sets
in stores; these are all custom-made models. As your Japanese host
S. Fujita proclaims, "I completed this project by myself without
any support." Thank you, S. Fujita.

------------------------------------------------------------------------
-- Daily Picks
------------------------------------------------------------------------
The following sites were featured recently in our update of
Daily Picks:

--------------------

Polo Ralph Lauren - elegant clothes straight from the horse's
mouth.

 http://www.polo.com/

--------------------

The Beatles - you say you want a revolution...?

 http://www.thebeatles.com/

--------------------

Ideas.com - if you have some, share them with the world.

 http://www.ideas.com/

--------------------

Sony Style - it's the height of digital fashion.

 http://www.sonystyle.com/

--------------------

ZapSpot - anyone can become a player.

 http://www.zapspot.com/

--------------------

Hitler's Lost Sub - NOVA tells the tale of a U-Boat found off the
Jersey shore.

 http://www.pbs.org/wgbh/nova/lostsub/

--------------------

Sade - back after eight years with smooth music for lovers.

 http://www.sade-online.com/

--------------------

DinoQuest Sahara - rummaging for relics in the desert.

 http://www.nationalgeographic.com/dinoquest/

--------------------

Build Your Jaguar - you pick the specs, they provide the wheels.

 http://www.buildyourjaguar.com/

--------------------

WebMiles - earn miles any time you leave the ground.

 http://www.webmiles.com/

--------------------

Riders Jeans - casual, cool denims for the entire family.

 http://www.ridersjeans.com/

--------------------

Holocaust Denial on Trial - building a case against revisionism.

 http://www.HolocaustDenialOnTrial.org/

--------------------

Sex Wars - Mars and Venus battle it out in latenight.

 http://www.sexwars.com/

--------------------

Netscape 6 - it's new.

 http://home.netscape.com/browsers/6/

--------------------

Online Shorts - Yahoo! Movies now screens the best short films on
the Web.

 http://movies.yahoo.com/shorts/

--------------------

The American Presidency: A Glorious Burden - the Smithsonian recounts
past administrations.

 http://americanhistory.si.edu/presidency/index.html

--------------------

No One Lives Forever - Cate Archer -- secret agent in a skintight
catsuit.

 http://www.noonelivesforever.com/

--------------------

Orangina - still shaking up the beverage industry.

 http://www.orangina.com/anglais/

--------------------

totshop - posh duds for discriminating toddlers.

 http://www.totshop.com/

--------------------

Claudia Schiffer - picture-perfect fraulein offers a glimpse into
her portfolio.

 http://www.claudiaschiffer.com/

--------------------

How the Grinch Stole Christmas - Jim Carrey turns Whoville upside
down.

 http://www.meanone.com/

--------------------

Acura 2001 EL - take a ride in their luxury sedan.

 http://www.2001el.com/

--------------------

Teen People - stars, style, and buzz for the junior set.

 http://www.teenpeople.com/

--------------------

Thinkblot - what you see in the ink will make you think.

 http://www.thinkblot.com/

--------------------

Privacilla.org - open source for public records.

 http://www.privacilla.org/

------------------------------------------------------------------------

Feel free to stop by for the complete text that surrounds our list of
Picks or simply for the list, whichever you prefer:

http://www.yahoo.com/picks/

Also try our Daily Picks, a way for us to get noteworthy sites to you
as we see and add 'em:

http://dir.yahoo.com/new/

------------------------------------------------------------------------

If you'd like to stop receiving these weekly emails, click on the
link below. It is a one-step process: you will be unsubscribed after
simply clicking on the link.

http://cgi.yahoo.com/bin/yahoo-picks-unsub?email=shusser%40enron%2ecom&key=irv
Xl8f0


I will not be sipping,  rather drowning !


This deal has been autoscheduled and should show up with correct on peak
volumes on the new CARP report.

Kate


You're much too kind.  Thanks for the feedback.  My brains just about spilled
out end of the day Friday.  Spent the weekend in a haze.

Best,
Jeff


Please amend the ISDA dated 6/12/97 between ENA and the counterparty by
reducing TransAlta's collateral threshold from $15MM (CAD $) to $10MM (CAD
$).  Credit is just reshifting line allocations with the different TransAlta
entities.  The contacts at the cp are:
  Maureen Piercey (credit)  403-267-7987
  Sterling Koch (legal) 403-267-6991
Call with comments or questions.  Thanks

Rgds,
Ed Sacks


I am free any of these days...my preference is either Thursday or Friday!

Audrey Robertson
11/27/2000 01:52 PM
To: Lindy Donoho/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Audrey Robertson/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON, Christine Stokes/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron
cc:

Subject: Christmas Lunch

Please let me know your availability for our upcoming Christmas Lunch.

  Monday December 11, 2000
  Tuesday December 12, 2000
  Wednesday December 13, 2000
  Thursday December 14, 2000
  Friday  December 15, 2000

I would like to know ALL of the available dates.

Thanks in advance,

adr


Ok.  Here they are.  On exhibit A, I didn't touch numbers are exhibit #s.
Also, I deleted CAPM, since we ain't got anything yet.  And I deleted the
part that said "ticket sales taxes don't matter much," because now that we
have the numbers they could matter, cuz it's really tight between bond
payments and tax revs.  Anyway, that's it.  I checked and doubled checked the
numbers and exihibit #s in the exec sum, but you may want to give one last
peek.  Thanks SO much for pulling it together.

Best,
Jeff


Suzanne:
Thanks.  I'll call or write back later as my free time is up!  Everything is
going well.  I hope to be up for a visit maybe sometime next week.

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

	Suzanne Adams
	08/09/00 11:06 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Office Build-out

I've already asked Joya to give me a firm date when she knew something
because I was going on vacation.  Don't worry about it, I'll take care of
everything.  I have to fine out where to send your things first.  I wonder
when they'll be moving me?  Got any idea?  No one has said a word to me about
it at all.  It'll get done, don't worry about a thing.

How's everything going?

	Carol St Clair
	08/09/2000 10:57 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Office Build-out

Suzanne:
FYI.  Can you and the clerks handle packing up my office?  I may be able to
help but I don't want to make any commitment  that I can make it up there.
Hopefully, it won't take that long and the only files that need to be marked
or perhaps put in the legal assistant area are the files near my window.  If
the move-out timing slips and happens while you are on vacation, I would
prefer that it be handled before hand so that the floater doesn't have to
worry about it.  Let me know what you think.  Sorry to impose but I tried to
do as much as I could before I left.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 08/09/00 10:52 AM -----

	Mark Taylor
	08/08/00 09:08 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Office Build-out

It looks like Phase II of our construction project (over where Julia's office
used to be) will be finished on the 18th so she will be moving into her new
office that weekend.  I now have the plans for Phase III and it turns out
your office will be included in the construction area.  Phase III will
probably start on the 25th.  That could always slip but I wanted to give you
as much notice as possible.

Hope you are all doing well.  Getting any sleep yet?


Last time I was in Houston, an IT tech deleted everything---I mean
everything---so I need to hunt it down.  Will do so immediately and get you a
copy.
Best,
Jeff


[IMAGE][IMAGE][IMAGE]
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---------------------- Forwarded by Judy Townsend/HOU/ECT on 01/31/2001 10:35
AM ---------------------------

	Enron North America Corp.

	From:  Corporate Payroll @ ENRON                           01/29/2001 10:45 PM

Sent by: Enron Announcements@ENRON
To: All Eligible Enron Employees United States
cc:
Subject: New Employee Service ) Turbo Tax

As tax season rapidly approaches, we are pleased to announce a new W-2
employee service.  If you plan to file your personal income taxes through
TurboTax 2000 (Intuit's personal tax filing software) you will be able to
automatically download your W-2 information into the appropriate TurboTax
forms directly over the Internet for free.

Enron has chosen to provide this service to help speed the processing time
and accuracy of your return while supporting paperless processing.

More information regarding this service is listed below or visit
www.probusinesstaxes.com to find out more about the TurboTax software and
Web-based filing service.

Employee Fact Sheet: ProBusiness/Intuit W-2 service

Q.  What is the Automated Tax Return (ATR) service?
A. Intuit Inc., makers of the popular Quicken TurboTax tax preparation and
filing software, have launched a new Automated Tax Return (ATR) service to
simplify tax preparation for TurboTax users. ATR allows users of TurboTax tax
preparation and filing software to import tax information from multiple
sources such as employers, brokerage houses, and mutual fund companies
directly into the correct TurboTax forms over the Internet.  Since our
payroll tax provider, ProBusiness, has partnered with Intuit to provide this
service, you will be able to electronically download your individual W-2 data
from ProBusiness directly into TurboTax through the Internet for free. Also,
as part of this program, you can receive a  5% discount on all TurboTax and
Quicken products including shipping and handling (go to
www.probusinesstaxes.com for more information).

Q. So how does it work?
A. Embedded in each version of TurboTax 2000 (both the software and web
application) is a series of screens that will ask whether your employer
allows you to automatically download your data into TurboTax.  To use the
free service, simply answer "yes" then select our payroll tax provider,
ProBusiness, from a drop-down list of providers which includes ProBusiness,
PeopleSoft, Ceridian, and seemyw2.com.  Validate your request by entering
your social security number and W-2 box one data and your W-2 data will
automatically transfer via the Internet into the appropriate locations in the
TurboTax form.

Q. Is this a secure transaction?
A.  Intuit,s TurboTax ATR service combines Open Financial Exchange (OFX), the
standard technology used in e-finance, with 128-bit military-grade encryption
to create an advanced security protocol that ensures the highest level of
security and confidentiality when obtaining financial data to populate your
TurboTax form over the Internet.

Q. How do I participate in this program?
A.  Only employees using Intuit,s TurboTax 2000 tax preparation and filing
software can take advantage of this Web-based ATR service.  TurboTax software
and the ATR Web-based filing service can be accessed at
www.probusinesstaxes.com.

Q. What if I already own TurboTax 2000(does this still work?
A. Yes, all copies of TurboTax 2000 contain the Automated Tax Return service
option.

Q. Overall what are the Benefits to me?
A.  Using the ATR service provided by Intuit and ProBusiness, you can:
? Increase your probability of accurate filing.
? Eliminate the need to manually enter your W-2 information and other
financial data.
? Increase the overall speed of tax filing.


I include Darla on anything dealing with New Power or CES.  Maybe CES should just be you??  AND Wade can tell me what producer activity is going on or if he is aware of any items not in Sitara.  But Ernie should have the whole CES picture nailed down.  I'm thinking this Statoil should just go to Ernie and we not be involved.  I spoke to him on the phone before I sent the email.

Laurie Ellis@ENRON
04/23/2001 01:49 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Imbalance trades on CNG

Chris, how can Darla and Wade help?  They work with me in Settlements????

Laurie

	Enron North America Corp.  From:  Chris Germany @ ECT                           04/23/2001 01:28 PM

To:	Laurie Ellis/NA/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT, Darla Saucier/NA/Enron@Enron, esimien@columbiaenergygroup.com
cc:

Subject:	Re: Imbalance trades on CNG

Ernie's on the team now.

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/23/2001 01:27 PM ---------------------------

	  From:  Chris Germany                           04/20/2001 04:19 PM

To:	Laurie Ellis/NA/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT, Darla Saucier/NA/Enron@Enron
cc:
Subject:	Re: Imbalance trades on CNG

Hi team.  Laurie has been asking for quite some time about an imbalance trade behind NIMO.  As you can see, I did my usual ignore it and maybe it will go away but its not working.  So,  this is what I need to know;

 Did Enron purcase gas (pool or local production) behind NIMO in Jan and Apr 2000?
What CES activity do we have at NIMO for the months shown above?
	Do we have any out-of-balance items at NIMO for the months shown above?

Laurie Ellis@ENRON
04/19/2001 07:41 AM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Imbalance trades on CNG

Chris, have you gotten anywhere with this?  I really need to get this resolved.

Thank you
Laurie

	Enron North America Corp.  From:  Chris Germany @ ECT                           04/02/2001 12:51 PM

To:	Laurie Ellis/NA/Enron@ENRON
cc:

Subject:	Re: Imbalance trades on CNG

713-646-8453

Laurie Ellis@ENRON
04/02/2001 12:27 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Imbalance trades on CNG

It is a CES deal.  I have some support that Cindy faxed me.  What is your fax number and I'll send it to you.

Thanks for your help
Laurie

	Enron North America Corp.  From:  Chris Germany @ ECT                           04/02/2001 12:07 PM

To:	Laurie Ellis/NA/Enron@ENRON
cc:

Subject:	Re: Imbalance trades on CNG

I just left Cingy a message  - I said that I'm not aware of any imbalance trades that we intiated.  However, it could have been done by CES or EES.  I asked her to call me back.

Laurie Ellis@ENRON
04/02/2001 09:56 AM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Imbalance trades on CNG

Chris, I am still trying to get these imbalance trades resolved.  John Bieltz is no longer with Amereda Hess but Cindy Wernecke has been working this issue.  She can be reached at (703) 317-2293.  Can you please get back to me as soon as possible as they would like to resolve.

Thanks
Laurie
---------------------- Forwarded by Laurie Ellis/NA/Enron on 04/02/2001 09:53 AM ---------------------------

Laurie Ellis
11/22/2000 01:03 PM
To:	Chris Germany/HOU/ECT@ECT
cc:

Subject:	Re: Imbalance trades on CNG

No, I still haven't gotten anywhere on this.  My contact at Amereda Hess (formerly Statoil) is John Bieltz.  His number is 703-317-2318 and his email is jbieltz@hess.com.  Thanks for your help.

Laurie

Chris Germany@ECT
11/22/2000 12:48 PM
To:	Laurie Ellis/NA/Enron@ENRON
cc:

Subject:	Re: Imbalance trades on CNG

I'm sorry I have not responded sooner.  Any new developement on this?  To my knowledge, ENA has not done any imbalance trades.  Do you have a contact at Statoil?  I can call and try to get more info.  It could be some CES thing we were not aware of.

Laurie Ellis@ENRON
11/01/2000 02:55 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Imbalance trades on CNG

Chris, do you have any information on an imbalance trade with Statoil on CNG Niagara Mohawk for January and April 2000?  Statoil has been very patient awaiting payment on this, but I cannot seem to find anything.  Gloria Barkowsky suggested that I talk to you.  Thanks for your help.

Laurie Ellis

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In response to your memo, concerning Article 11,   I have increased El Paso's
threshold to $10,000,000; Article 17.13 "further acts" and "deeds"  means any
further action that would need to be taken by either or both parties shall be
done, i.e. new taxes or tariffs etc.  This article gives assurances to both
parties that each will honor the necessary changes as required in the course
of normal business.  In addition, I  have changed the date to October 1, 2000.

If this is satisfactory, I will send execution documents for signing.

Please review the attached, and let me know.

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


Mark - for your info.

   Mark

---------------------- Forwarded by Mark Evans/Legal/LON/ECT on 06/03/2001
18:20 ---------------------------

Mark Evans
06/03/2001 18:15
To: Ann Ballard/enron@enronxgate, Lance Schuler-Legal/HOU/ECT@ECT, Donna
Lowry/Enron@EnronXGate
cc: Jonathan Marsh/EU/Enron@Enron, Mahesh Lakhani/LON/ECT@ECT

Subject: Re: Equity Stake in British Energy (STRICTLY PRIVATE AND
CONFIDENTIAL)

Ann, Lance,

the possibility of Enron Europe shorting the stock of British Energy (BE), a
UK listed company has raised its head again and I would be grateful for your
assistance (or for the assistance of someone in your teams) in analysing the
US consequences.

I attach for your information an exchange of emails which took place in
October last year when we last discussed this.

The largest trade we would execute would be to short up to 5% of the capital
of BE, which is currently worth approx UKo50m. I believe that Enron
Investment Services Limited (as agent for ECT Investments Inc. - the
principal in the transaction) would execute the trade through third party
brokers in the UK.

A number of issues cropped up last time and I presume the position is not
changed as a result of our transaction being being a short sale rather than a
purchase. The issues were:

1. Hart Scott Rodino:  could you please let us know how HSR impacts the sale,
whether filings are required which mean the transaction has to be delayed,
and what further information you need to be able firm up on your analysis.

2. PUHCA: same as for HSR.

3. Restricted List: hopefully Donna will be able to confirm that BE is not on
the restricted list, but I have not seen the list for some time.

4. Enron Corp Personal Trading Rules: Richard Lewis is the originator of the
idea for the trade in the UK and he expects to have a say in when it is
liquidated, so it might be said that he has a degree of "responsibility" for
the trade although it would be executed through John Greene's team. Richard
and his team are responsible for UK Power and Gas and Continental Gas at
Enron Europe. They do not on a day to day basis have responsibility for
equity trading within Enron Europe. My reading of the latest version of the
Personal Trading Rules which I received:

"Employee Trading.  No employee of any Enron Business Unit may engage in the
trading of any Position for the benefit of any party other than an Enron
Business Unit (whether for their own account or for the account of any third
party) where such Position relates to  (i) any financial instrument,
security, financial asset or liability which falls within such employee,s
responsibility at an Enron Business Unit, or (ii) any other commodity not
covered by (i) included in any Commodity Group".

...is that this trade should not result in Richard or any of his team losing
the ability as a result of the above rule to trade generally in equities for
their own account. Do you agree? Is there any mechanic for getting a
clearance on that front?

5. Insider Trading: two UK issues here which we are getting to the bottom of.
Firstly, Richard and/or members of his team with knowledge of this potential
trade may have already shorted BE in their own names. If done in anticipation
of a future large short trade by Enron Europe, Enron Europe's trade could
make them insiders and their trades criminal offences. Secondly we need to be
clear that the information which is driving Enron Europe (through ECT
Investments Inc) to execute the trade is public information and not insider
information: eg information obtained through a one on one trading
relationship with BE. Breach of these rules, or even the appearance of breach
of these rules, could breach the rules of the SFA, our UK regulator.

I presume there are similar issues in the US.

I will call you both this evening to discuss this if I may. It would be very
useful if a Houston lawyer could be nominated to assist us on this and to
coordinate input from the (inevitable) various sources .

Many thanks in advance.

        Mark

---------------------- Forwarded by Mark Evans/Legal/LON/ECT on 06/03/2001
17:40 ---------------------------

Paul Simons
06/10/2000 16:01
To: Ann Ballard/Corp/Enron@ENRON
cc: Michael Mills/LON/ECT@ECT (bcc: Mark Evans/Legal/LON/ECT)

Subject: Re: Equity Stake in British Energy (Confidential)

Ann

We would like to kick off the filing under the HRS Act - if only to be able
to move forward quickly if we decide to do so. Seeking guidance from outside
counsel may be a waste of time in light of the clear advice you received
recently from V&E.  But we'll be guided by you if you think otherwise.

Michael Mills - who is the commercial person leading this in London -  would
first like to understand at what point the filing fee becomes irrecoverable
(this may be day 1!).

Please provide any info on this and Michael will then decide whether to kick
off the filing (which, if I've understood correctly, will not take more thanm
20 days - please confirm).

Please liaise with Michael directly since I'm out Monday and we may well want
to begin this process then.  Many thanks for your help

Paul

From: Lance Schuler-Legal on 06/10/2000 08:17 CDT
To: Paul Simons/LON/ECT@ECT
cc: Ann Ballard/Corp/Enron@ENRON

Subject: Re: Equity Stake in British Energy (Confidential)

I assume that we still do not have material, inside information for US
securities laws purposes.  I think the Chinese Walls issue we have resolved.
As for HSR, it is applicable to foreign investments if the target meets
certain revenue requirements from the US.  You may want to followup on this
point from Ann.  Good luck.  Lance.

W. Lance Schuler
Enron North America Corp.
1400 Smith Street, EB 3826
Houston, Texas  77002
Phone:  713/853-5419
Fax:  713/646-3393
Email:  lance.schuler-legal@enron.com

	Paul Simons
	10/06/2000 05:40 AM

		 To: Mahesh Lakhani/LON/ECT@ECT
		 cc: Donna Lowry/HOU/ECT@ECT, Ann Ballard/Corp/Enron@ENRON, Lance
Schuler-Legal/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mark
Evans/Legal/LON/ECT@ECT, Richard Lewis/LON/ECT@ECT, Sheila Tweed/HOU/ECT@ECT,
Erica Gut/LON/ECT@ECT, Stephen Dwyer/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT
		 Subject: Re: Equity Stake in British Energy (Confidential)

Ann/Donna/Lance

If BE or other equity trades are executed by a UK trader are the US issues we
have been discussing still relevant if the trades are booked in our US
entity?

Do you need to see the agency agreement Mahesh refers to below?

Thanks

Paul

Mahesh Lakhani
06/10/2000 09:51
To: Paul Simons/LON/ECT@ECT
cc: Donna Lowry/HOU/ECT@ECT, Ann Ballard/Corp/Enron@ENRON, Lance
Schuler-Legal/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Mark
Evans/Legal/LON/ECT@ECT, Richard Lewis/LON/ECT@ECT, Sheila Tweed/HOU/ECT@ECT,
Erica Gut/LON/ECT@ECT, Stephen Dwyer/LON/ECT@ECT, Janine Juggins/LON/ECT

Subject: Re: Equity Stake in British Energy (Confidential)

As I mentioned at the meeting on Wednesday, we should use the structure that
we are setting up for John Greene's European equity trading activities.
Enron Investment Services Ltd (the UK agent) is now set up and the agency
agreement with ECT Investment Inc has been drafted and is being circulated
for comments.  The securities would be held in ECT Investment Inc as agent
with Enron Investment Services Ltd acting as its agnet..

Mahesh

Paul Simons
05/10/2000 19:19
To: Donna Lowry/HOU/ECT@ECT
cc: Ann Ballard/Corp/Enron@ENRON, Lance Schuler-Legal/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Erica Gut/LON/ECT@ECT, Mahesh
Lakhani/LON/ECT@ECT

Subject: Re: Equity Stake in British Energy (Confidential)

Thanks, Donna - This is very helpful.  My guess is that the securities will
be held by the normal US entity - ECT Investments Inc - while we continue to
"set up shop" in London.  UK Tax may wish to consider this. Thanks

Paul

To: Paul Simons/LON/ECT@ECT
cc: Ann Ballard/Corp/Enron@ENRON, Lance Schuler-Legal/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, Sheila Tweed/HOU/ECT@ECT

Subject: Re: Equity Stake in British Energy (Confidential)

Paul, As a follow up to the Chinese Wall issues, I have verified that Gary
Hickerson does not currently have a position in British Energy (as of
10/3/00).  After discussion with Lance, we have determined that it will be
acceptable for the commercial team to have direct contact with Gary providing
direction for Gary's group to purchase shares for the London group, assuming
London is not in possession of material non-public information.  We will NOT
be putting British Energy on the Private Restricted List for Gary, thus
allowing him to freely trade if he so chooses.  Please let me know if this
will be problematic.

From an operational standpoint, EEL does not have an existing account with
Morgan Stanley, the broker dealer that Gary's group executes trades through,
so it appears that one will have to be established if the securities are
going to be purchased in EEL's name.  Is there currently any thought on which
entity will actually own the shares?  Donna

Ann Ballard@ENRON
10/05/2000 11:26 AM
To:
cc: Donna Lowry/HOU/ECT@ECT,
Subject: Re: Equity Stake in British Energy (Confidential)

I am not at all sure that Enron could rely on the "Solely for Investment
Purposes" exemption of Section 802.9 of the Rules promulgated under the
Hart-Scott-Rodino Anti-trust Improvements Act.  On its face the rule seems to
be applicable if the voting securities are acquired for investment purposes
only and the post-acquisition holdings will be 10% or less, regardless of
dollar value.  Section 801.1(i) defines "solely for  purpose of investment"
as having no intention of participating in the formulation, determination or
direction of the basic business decisions of the issuer.  Background
Information published by the FTC relating to Rule 801.1(i) in the Statement
of Basis and Purpose lists conduct which may be viewed as inconsistent with
an investment purpose.  Those include (i) nominating a candidate for the
Board of Directors, (ii) proposing corporate action requiring shareholder
approval, (iii) soliciting proxies, (iv) having a controlling shareholder,
director, officer or employee simultaneously serving as an officer or
director of the issuer, (v) being a competitor of the issuer, or (vi) doing
any of the foregoing with respect to any entity directly or indirectly
controlling the issuer.  Although the Statement of Basis and Purpose says
that the presence of any of these factors will be taken into account in
determining whether or not an investment purposes exists, I have been advised
recently by Neil Imus, a partner in the Anti-trust Section of Vinson &
Elkins' Washington Office, that the FTC Staff does not like the Section 802.9
exemption, and will not allow a competitor to rely on the exemption.  If an
investment of more than $15 million of voting securities will be made, then
we should consider whether to make further inquiry with the FTC staff or make
a filing under the HSR Act.  The filing fee is US$45,000, and the waiting
period would begin upon filing by Enron and expire 20 days later.  It is
likely that early termination of the waiting period would be granted as I
assume that there would be no substantive anti-trust issues. The penalty for
violating the HSR Act is up to $10,000 per day.  I would be very interested
if anyone has gotten different advice on this exemption from other counsel.

	Paul Simons@ECT
	10/05/2000 10:38 AM

		 To: Sheila Tweed/HOU/ECT@ECT, Donna Lowry/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Ann Ballard/Corp/Enron@ENRON
		 cc: Richard Lewis/LON/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT
		 Subject: Equity Stake in British Energy (Confidential)

We are currently analysing British Energy to ascertain whether or not we want
to take an equity stake in them.  Our equity trading capability in London is
not quite up and running, which means that if a decision is taken to move
forward with this investment, the equity trades would need to be executed by
traders based in Houston.

Lance has kindly provided some useful initial information on this and has
indicated that you may be able to assist further.  The issues would seem to
be as follows:

1. Chinese Walls Procedures

I understand that your Chinese Walls procedures require all proposed
investments of this kind to be routed through Donna Lowry.  Donna, on the
assumption that our decision to invest is not based on price-sensitive,
non-public information, please let us know what other procedures we need to
follow to satisfy your requirements.

2. Hart Scott Redino

I gather that these issues will not arise if the stake we are looking to take
is less than $15 million, or less than 15%.  We will certainly be taking less
than 15% of  BE, but it is not clear to me what the size of our investment is
likely to be.   (Richard?).

Lance, you mentioned that if the shares are being acquired for "investment
purposes only" then we would be exempt from these requirements.  Presumably
this is in addition to the size requirements mentioned above.  My
understanding is that our stake would be purely for investment purposes -
essentially to hedge our trading position should the price of power go up,
and that we are not looking to acquire BE (or a substantial stake in BE)
which is in the same sector as Enron.  Assuming this is the case (and
Richard, please correct me if I'm mistaken), please let me know whether we
need to take this issue further.

3. PUHCA Issues

I am not sure what these are (!), but perhaps Sheila could comment on whether
any arise on the facts given above.

It may also be helpful to note that British Energy is a UK company quoted on
the London Stock Exchange, but not on any North American Exchange.  It does,
however, have substantial assets in Canada and a 50/50 joint venture with a
US partner which owns Three Mile Island and another generating asset.  Please
let me know if you require further information.

Many thanks.

Paul


I have revised the Nepool Losses calculator (there was a change in my
logic).  Please use the attached spreadsheet (or the website tool)
to record the losses that need to be added to ALL purchases from Nepool.

I am aware that the OASIS/TAG volume might be greater than this amount due to
rounding, but the purchases should be recorded as calculated
above and the transmission left un-routed.  Please do NOT round up the
purchase to agree with the OASIS request.

Thanks,

Rebecca


about half a dozen crude swaps. I'll have to pull the file and get back to
you on the credit worksheet.  I thought i did something on this back when we
did the AAA derivative program (or am i thinking of the wrong customer?)

From: Sara Shackleton on 06/07/2000 12:37 PM
To: Jeff Nogid/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Credit Agricole

Just got off the phone with outside counsel for Credit Agricole.  We're very
close.
Tanya:  Can you tell me what products we trade? Are there many outstanding
transactions?  Also, I'd like to make sure that the "credit worksheet" is
current.  It looks like we're working off of something dated 1/31/96 (Terry
Donovan!!!!!).  This must be wrong.