Hi Nancy,

There are some comments on the VEPCO ppa from our regulatory side.  I was
unclear if you had seen these before.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/14/2000 06:36
PM ---------------------------

Christi L Nicolay@ECT
06/15/2000 05:41 PM
To: Kay Mann/Corp/Enron@Enron, Heather Kroll/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Jeffrey M Keenan/HOU/ECT@ECT, Tom Chapman/HOU/ECT@ECT
cc:

Subject: Re: VEPCO PPA

Several thoughts from federal reg./transmission side:
I haven't worked with a VEPCO interconnection agreement yet, but many times
there are requirements that the generator is required to provide emergency
power to the interconnected transmission provider, in which case you would
want the interconnection agreement to cover all costs you would incur to
replace the energy at a different location (usually it is difficult to get
this agreement, so you should check and then factor that into the equation).
I would be happy to look at the interconnection agreement with you.
Interconnection of generation is a separate process from requesting
transmission.  It appears that VEPCO has to buy the transmission (or use its
network transmission) when the Delivery Point is the plant.  Enron will have
to purchase transmission on VEPCO if it is selling to third parties off the
plant and will have to purchase transmission on other systems if it wants to
supply at an alternate delivery point.  Please discuss this with Kevin
Presto's tranmission people (Bill Rust on 31).  Enron cannot use VEPCO's
network transmission to delivery to third parties.
Is this plant in the VEPCO queue yet?  Also, FERC has issued some recent
rulings that deal with time limits on system impact studies, etc.  While
VEPCO is probably incentivized to get this built, you want to make sure that
you do not lose optionality in selling to third parties from the plant due to
transmission constraints.  A request for transmission on OASIS is the only
way to ensure deliverability to third parties.
3.5 (c) Intra-day scheduling--You may have hourly transmission risk for an
increase.  Unless you buy longer term firm, you will deliver from other
sources using hourly non-firm, which is the lowest priority of transmission
and subject to getting cut.  You may want to consider doing this on
best/reasonable efforts basis.  (Also, even if you purchase
daily/monthly/yearly firm to serve third parties, if you change the point of
receipt or point of delivery temporarily, your request is treated as
non-firm.)
12.4--Currently VEPCO is interested in joining the Alliance ISO (an RTO that
has not been approved by FERC yet--competing ISO to Midwest ISO), but since
FERC has not approved any RTO for VEPCO yet, there could be significant
changes in the transmission charges/methods of obtaining
transmission/grandfathering of current transmission, etc during this
contract.  Make sure with the ENA attorneys that this out/increase in price
covers that circumstance.
Underlying tranmission rates on VEPCO or any other provider can change at
most any time, subject to the provider filing a rate case.  Therefore, any
current transmission rates shown on OASIS are not necessarily what you will
pay over the term of any transmission that Enron may purchase to serve this
contract.  Generally, transmission providers will not agree to fixed rates.

Tom Chapman
06/13/2000 06:07 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: VEPCO PPA

Christi--

This is the note that I received on Tuesday June 13.  This is a relatively
early draft of the PPA.

I think that we still have to purchase the land associated with the sites and
do the due diligence on the site with regards to some of the siting issues.
IN addition, in NC we are going to get a CPCN to site the plant to speed up
the regulatory process in the NCUC.  I think that this will make the issue
less contentious because of the NCUC's acceptance of the Dynegy plant at
Rockingham that had a PPA with Duke Power.

Using the Dynegy plant as a guideline, their only stumbling block was their
gas agreeement.  They built a bypass off Transco.  We would be taking gas
from the LDC of Rocky Mount.  Having talked with the regulatory folks at the
NCUC who handle gas issues, this is the preferred route.  So, I do not think
that we have any major state issues.  I think that right now we are simply
working on some of the siting issues.

That being said, I will let you take a look at the PPA and let me know or
Jeff Keenan (or even Heather Kroll or Ozzie Pagan) if you think that there
are some transmission issues or other issues on the federal level.

Thanks.

Tom
---------------------- Forwarded by Tom Chapman/HOU/ECT on 06/13/2000 06:04
PM ---------------------------

Linda J Simmons
06/13/2000 08:45 AM
To: Kay Mann/Corp/Enron@Enron, Heather Kroll/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Jeffrey M Keenan/HOU/ECT@ECT, Tom Chapman/HOU/ECT@ECT
cc:
Subject: VEPCO PPA

----- Forwarded by Linda J Simmons/HOU/ECT on 06/13/2000 08:44 AM -----

	"Nancy Wodka" <nwodka@bracepatt.com>
	06/12/2000 04:20 PM

		 To: <linda.j.simmons@enron.com>, <lisa.mellencamp@enron.com>
		 cc: "William Frederking" <wfrederking@bracepatt.com>
		 Subject: VEPCO PPA

Lisa:  Attached is a draft of the Power Purchase Agreement with VEPCO, based
on the current version of the term sheet.  In preparing the draft, we did
encounter several additional questions for Enron's consideration.  These are
noted with brackets and, in some cases, italicized notes, in the draft and
are also highlighted below.  You may want to address these issues before this
goes to VEPCO.

Cover and first page-- Should the party to the agreement (for the moment) be
ENA or a special purpose company?

Definitions--  We included a defined term "Emergency Start-Up" (a start up or
increase in energy scheduled during a day) and a place in Exhibit A to
include a price for this, although this was not covered in the term sheet.

Section 2.2--  We included a provision for VEPCO to take test energy (energy
charge only; no demand charge)--do you want this?

Section 2.3--  This was taken from the term sheet, but is it correct that COD
will be July 1 (since the demand charge is supposed to start June 1?)  Also,
it would be best to define "commencement of construction" to avoid
controversy down the road.  We could either do this now or put in a
placeholder that indicates it needs to be defined or be silent, whichever is
your preference.  Also, bear in mind that we have not included a specific
remedy (e.g., liquidated damages) if the Seller does not achieve that
milestone on time.  Under the default provision (Section 8.1(c)), there would
be a 30 day period to cure before Buyer could terminate (extendible to 90
days if a longer period of time is needed and Seller diligently pursues the
cure).  Would you prefer the right to pay ld's and extend the time period?

Section 3.1(b)--  Should the 1400 hour limitation apply to all sales under
this PPA or only sales from the Facility?  I.e., would you use this Agreement
to sell to VEPCO power in addition to what would be available from the
Facility?  Also, is this a calendar year limitation--i.e., could they take
1400 hours in the period June-Dec. 2001 or does the 1400 hours need to be
pro-rated for the first year?

Section 3.4-- Since this is not a base load plant, the normal definition of
Availability as the number of hours in a year of operations compared to the
total hours in the year would not seem to be applicable.  Instead, we stated
that the Facility would be capable of being available 92% of the year (other
than due to Force Majeure and 336 hours (2 weeks) of scheduled
maintenance)--i.e., that if they tried to schedule it, it is expected to be
available.  Is that what Enron intended?  Additionally, the term sheet stated
that a remedy for failure to meet Availability would need to be agreed--why
wouldn't cost of cover damages be appropriate? Also, please note that we
included language stating that Seller will not perform maintenance during
peak periods.

Section 3.5(b)-- Please note the bracketed language re taking Blocks of
Energy.  We have 50 MW minimum blocks but the capacity is 223--should we
allow the last Block to be 23 if they've scheduled all the rest?

Section 3.5(c)-- Please see the bracketed language at the end of this Section.

Section 4.7-- Should there a required minimum take of Energy?

Article 6-- The Genco/Santee Cooper form of PPA we used as a model did not
have any provisions on metering.  (See placeholder note in Article 6.)  Do
you want to add such a provision, ignore it or just include a placeholder for
now?

Section 9.1-- Is 30 days from invoice correct for the payment due date or
would you prefer a shorter period?

Article 15-- The Genco/Santee Cooper form had mediation as a required step
prior to arbitration.  Should we keep that?  Also, the form of arbitration is
"baseball" arbitration--i.e.,  the arbitrators have to chose one party's
position or the other's.  Is that what you want?

Section 16.2--  We used New York for governing law, on the premise that it
will be difficult to get VEPCO to agree to Texas law and we would not
recommend Virginia law for this contract.

Exhibit A-- There are a number of questions on the pricing exhibit--please
see the bracketed notes therein.

Please call and let us know how you would like to proceed on this draft.

 - VEPPPA.DOC


Randy, give them what they want and lets move on - don't give another
guarantee provide the indemnity for the IRS and environmental claims.  Mark
if there is a flaw in my thinking let me know.

Joe, these guys have been exceedingly difficult to deal with - I would think
twice before we bring these guys into any Enron deal in the future.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/05/2001
10:18 AM ---------------------------

Randal Maffett
01/04/2001 01:13 PM
To: David W Delainey/HOU/ECT@ECT
cc: Mark E Haedicke/HOU/ECT@ECT
Subject: Fidelity update

Last week during the holidays, we made a lot of progress w/ Fidelity
regarding their "take-out" from the Partnership at Dallas.  We exchanged 2
drafts of a Letter Agreement which says ENA (or an affiliate) will buy their
99% LP interest in Landfill Gas Investments, LP (LGI) on or before Jan 31,
2001.  Included in our draft was a provision whereby the ENE Guaranty would
be extinguished.  However, late yesterday Fidelity came back and said they're
not willing to extinguish the Guaranty completely.  The way the deal w/
Fidelity will be structured, ENA will pay them the delta between the $5.2MM
initial payment they made less the accrued tax credits on the date we close
(est to be $300K+/-).  Fidelity wants 2 things:

protection in the event the IRS disallows/disqualifies the tax credits
accrued (i.e., the $300K), and
protection against any environmental claims that may have occurred while they
were a partner in LGI (June, 200 thru Jan, 2001).

There are 2 basic alternatives to consider:

replace the existing guaranty to LGI with a new guaranty to Fidelity with a
specific cap on the tax credit amount ($300K+/-) and with the same
environmental coverage (up to $5MM) as currently exists but restricting it to
issues which occurred while they were a partner.  The probability of either
ever being triggered is extremely remote.  Replacing the benefactor from LGI
to Fidelity is significant for us because it eliminates future environmental
exposure related to LGI as well as prevents potential future buyers of our LP
interest from seeing that ENE once was willing to issue such a guaranty.
replace the existing guaranty with an indemnity from ENA which provides
Fidelity with the same protection as alternative #1.  Per ENA accounting
since the amount of exposure is limited to $5.3MM in aggregate, this would
not be significant/material enough to be separately identified as a balance
sheet item.

The problem we have is Fidelity has a Guaranty "in hand" and unless you give
me approval to go back and structure our deal around them, we don't have any
leverage to get them to release it.  They are willing to work with us on
either of the 2 alternatives listed above.  This is the only remaining
commercial issue left w/ Fidelity.

Please advise or call to discuss further.  Ext. 33212.  Thanks!

RANDY


All,

Atached is our report on the past few days of the hearing.

Kimberly A. Curry
Bracewell & Patterson, L.L.P
2000 K Street, N.W.
Suite 500
(202) 828-7623 (phone)
(202) 857-2107 (fax)
kcurry@bracepatt.com

 - #143647 v1 - DAYS 15 -17.doc


Regarding the one-pager we discussed today and for discussion in a later
call, I wanted to offer a suggestion on an approach.? I,d like to see
something simple that uses headings to show what Enron has done, what
concerns  remain, and the steps you expect to take in the future.

I've put together?some very rough sample bullet points (below) as a  start to
get everyone thinking and as an example of a format that could be
effective.? A short preface should also be added to set up the bullets,
possibly?something that says Enron has been working diligently to meet
elements of the committee's subpoena despite remaining disgreements.

What Enron has done:

Delivered x number of documents
Spent x man-hours compiling information requested by the committee
Retained a depository in Sacramento for documents
Negotiated in good faith on a continuous basis with the committee

Enron,s concerns regarding delivery of additional  documents:

The committee has failed to implement an acceptable confidentiality
agreement that includes sanctions for anyone who breaches the agreement
Confidential documents held by the Legislature -- such as in the  Quackenbush
case --?have historically found their way to the press or  made public, often
in a selective manner
The broad nature of the committee,s request and whether requested  documents
are relative to this inquiry
Whether a state legislative committee has jurisdiction over activities  that
involve interstate commerce

What Enron will do:

(Bullets on planned steps)


George,

Please send the latest cost estimates when you get a chance this morning.

Phillip


I beat yea!!!!

-----Original Message-----
From: Dana.Davis@enron.com [mailto:Dana.Davis@enron.com]
Sent: Thursday, November 30, 2000 3:07 PM
To: denise.moore@dhs.state.tx.us; cashley@poha.com; cmontgomery@kmg.com;
Peayc@aol.com
Subject: FW: Snowball Fight!

cc:
Subject:  FW:  Snowball Fight!

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

 - snowcraf.exe(See attached file: snowcraf.exe)


i cannot go.


fyi.  I haven't checked yet.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/02/2001 04:52
PM ---------------------------

	From:  Chris Booth                           01/02/2001 04:43 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Draft CA - NRG Development Co.

---------------------- Forwarded by Chris Booth/NA/Enron on 01/02/2001 04:40
PM ---------------------------

"Magie, Scott" <Scott.Magie@nrgenergy.com> on 01/02/2001 04:35:41 PM
To: "'Fred.Mitro@enron.com'" <Fred.Mitro@enron.com>
cc: Ben.Jacoby@enron.com, Chris.Booth@enron.com

Subject: RE: Draft CA - NRG Development Co.

Take a look at the redlined changes.  SCOTT

-----Original Message-----
From: Fred.Mitro@enron.com [mailto:Fred.Mitro@enron.com]
Sent: Friday, December 22, 2000 3:37 PM
To: scott.magie@nrgenergy.com
Cc: Ben.Jacoby@enron.com; Chris.Booth@enron.com
Subject: Draft CA - NRG Development Co.

Scott:

Please find attached a draft CA between Enron North America and NRG
Development Co., Inc. per our discussions on power plant project
opportunities.

Please review and provide me with your comments/proposed changes.  If this
form is acceptable, please have it signed by an appropriate representative
of NRG Development Co., Inc. and fax to me at (713) 646-3037.  I will then
forward you two signed originals for NRG's execution.

If you have any questions or wish to discuss, please contact me at (713)
853-5406.  I will be out of the office next week but can be reached by cell
phone at (713) 412-4612.  Please leave a voice message on my cell phone and
I will respond as soon as possible.

Best wishes for a safe and happy holiday season.

Regards,
Fred Mitro

(See attached file: NRGdevelopment CA 122200DOC.DOC)

 - NRGdevelopment CA 122200DOC.DOC


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Saturday, October   13, 2001 thru Monday, October   15, 2001
                                                                                (Trade Date of Friday, October   12, 2001)
Click here to access index history .
                                                                                * volume represents sell-side only *

Region     Hub	High	Low	Wtd Avg Index	Change ($)	Vol (mmBtu)	Hub Name
 LOUISIANA
    ANR SE	          $2.3300	          $2.0100	          $2.2744	-    .0804	         523,800	American Natural Resources Pipeline Co. - SE  Transmission Pool
    Columbia Onshore	          $2.2850	          $2.1350	          $2.2194	-    .1383	         179,700	Columbia Gulf Transmission Co. - Onshore Pool
    Henry Hub	          $2.4200	          $2.1400	          $2.2681	-    .1356	         484,500	Henry Hub tailgate - Louisiana
    NGPL LA	          $2.2750	          $2.1100	          $2.2334	-    .1147	         290,400	Natural Gas Pipeline Co. of America, Louisiana Pool
    Tenn 500L	          $2.3000	          $2.2100	          $2.2638	-    .0752	         167,100	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
    Tenn 800L	          $2.2200	          $2.0200	          $2.1515	-    .0925	         260,400	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
    TETCO ELA	          $2.3300	          $2.1000	          $2.2485	-    .0911	         411,000	Texas Eastern - East LA
    TETCO WLA	          $2.3000	          $2.1600	          $2.2405	-    .0842	         106,500	Texas Eastern - West LA
    Transco 65	          $2.4300	          $2.1600	          $2.3511	-    .1426	         260,700	Transco - Station 65
    Trunkline ELA	          $2.3050	          $2.1800	          $2.2398	-    .0961	         144,600	Trunkline Gas Company - East Louisiana Pool
    TxGas SL	          $2.3500	          $2.1700	          $2.2632	-    .1126	         144,900	Texas Gas Transmission Corp.-Zone SL FT Pool
 MIDCONTINENT
    MichCon, citygate	          $2.4850	          $2.3600	          $2.4222	-    .0672	         275,700	Michigan Consolidated
    NGPL Midcont	          $2.1950	          $2.0500	          $2.1479	-    .0678	         532,800	Natural Gas Pipeline Co. of America, Mid-Continent Pool
    NGPL Nicor, citygate	          $2.4100	          $2.2200	          $2.3442	-    .0613	       4,030,800	Natural Gas Pipeline Co. of America, Nicor Citygate
    NGPL NIPSCO, citygate	          $2.3825	          $2.2650	          $2.3348	-    .0775	         435,000	Natural Gas Pipeline Co. of America, Nipsco Citygate
    NNG Demarcation	          $2.2500	          $2.1500	          $2.2259	-    .0673	         414,000	Northern Natural Gas, Demarcation Pool
 NORTHEAST
    Columbia TCO	          $2.4650	          $2.3450	          $2.4145	-    .0695	         764,400	Columbia Gas Co. - TCO Pool
    Dominion So.Point	          $2.4350	          $2.2100	          $2.3913	-    .0911	         523,200	Dominion - South Point
    TETCO M3	          $2.5700	          $2.3900	          $2.5151	-    .1178	         378,600	Texas Eastern - M3 Zone
    Transco Z-6 (NY)	          $2.5800	          $2.4500	          $2.5256	-    .1277	         144,600	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
 WEST
    El Paso non-Bondad	          $2.1100	          $2.0000	          $2.0736	-    .0927	         477,300	El Paso - San Juan Basin, Blanco Pool
    Huntingdon/Sumas	          $2.0350	          $1.9500	          $1.9761	-    .1353	         546,000	Westcoast Energy & Northwest Pipeline Corp.
    Opal	          $2.0200	          $1.9100	          $1.9758	-    .0869	         240,000	Opal
    PG?Citygate	          $2.2550	          $2.2000	          $2.2343	-    .1114	         165,000	PG?- Citygate
    SoCal Border	          $2.2900	          $2.2000	          $2.2523	-    .0325	         165,000	Southern California Border Points (Ehrenberg,Topock,Needles)
 WEST TEXAS
    El Paso - Keystone	          $2.1375	          $2.0250	          $2.0808	-    .0890	         691,500	El Paso - Keystone Pool
    Waha	          $2.1800	          $2.0500	          $2.1133	-    .1160	         769,500	Waha Hub - West Texas

                                                                                Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
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David,

A follow-up on my voice-mail message regarding
Grant.

Dave Delainey is on board regarding Grant.
We can bring him back at the same level and comp,
assuming that resignation was handled
in a professional manner.

DD asked me to work out the details with you. Can we meet to talk
about it on Monday?

Vince


We would like to inform everyone that PwC has created a comprehensive position report with data obtained from the gas mid-office.The report checks gas curve positions each Friday from 11-30-01 to 2-1-02 (ten periods). It will tell you the first start date and the last end date of positions on each curve we are reviewing.

Thanks again for all of your help.

Regards,
Michael Barone and Tim Bowler
PricewaterhouseCoopers


I can attend if feel it is necessary that we participate.  Just let me know.

Jeff

	David Parquet@ECT
	04/16/2001 06:45 PM

		 To: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON
		 cc:
		 Subject: Re: Meeting Invitation for 4/18/1

fyi
----- Forwarded by David Parquet/SF/ECT on 04/16/2001 04:45 PM -----

	"Carolyn A Baker" <cabaker@duke-energy.com>
	04/16/2001 03:45 PM

		 To: Loretta Macktal <lmacktal@cmta.net>
		 cc: david.parquet@enron.com, drothrock@cmta.net,
john_h_stout@reliantenergy.com, jstewart@cmta.net, kgough@calpine.com,
kmccrea@sablaw.com, tom.allen@mirant.com
		 Subject: Re: Meeting Invitation for 4/18/1

Thanks for the invitation and for putting this together.  Unfortunately I
will be on business travel and thus unable to attend but I'll see if a
representative is available.  I'll let you know.
Carolyn

                    Loretta
                    Macktal              To:     "Allen, Tom"
<tom.allen@mirant.com>, "Baker, Carolyn"
                    <lmacktal@cmt        <cabaker@duke-energy.com>, "Gough,
Kassandra" <kgough@calpine.com>,
                    a.net>               "Parquet, David"
<david.parquet@enron.com>, "Stout, John"
                                         <john_h_stout@reliantenergy.com>
                    04/16/01             cc:     "Rothrock, Dorothy"
<drothrock@cmta.net>, "Stewart, Jack"
                    03:27 PM             <jstewart@cmta.net>, "McCrea, Keith"
<kmccrea@sablaw.com>
                                         bcc:
                                         Subject:     Meeting Invitation for
4/18/1

To:     Tom Allen, Mirant
          Kasssandra Gough, CalPine
          David Parquet, Enron
          John Stout, Reliant
          Carolyn Baker, Duke Energy

From: Dorothy Rothrock, CMTA

CMTA is reviewing it's policy position on wholesale market reforms and
price caps going into the summer 2001. We would welcome and value your
input and expertise at a meeting this week.

Date:  April 18, 2001
Time:  1:00 to 2:00 pm
Place:  CMTA Exec Conference Room, 980 Ninth Street, Sacramento

You are invited to attend or send a representative.  If you can do
neither, I would like to talk to you at a convenient time before the
meeting.

Call or email Loretta at 916-441-5420 or lmacktal@cmta.net to RSVP or
set up a time for a phone call.

Thanks,
Dorothy Rothrock


This is a note to update you guys on the progress I'm making concerning
cleaning-up and combining well-head deals...  So far, I have completed:

EOG:
Deal 126358 reflects 0 volumes on meter 6067 March 2000 forward
Deal 126281 reflects volumes on meter 6296 as well as volumes moved from
sitara deal 126358; all volumes are at meter 6296

Forest:
Deal 132832 reflects 0 volumes March 2000 forward
Deal 139397 reflects the combined volumes from both deals on meter 6396

Suemaur:
Deal 138658 reflects 0 volumes March 2000 forward
Deal 138658 reflects the combined volumes from both deals on meter 9766

A similar effort will be made for: Saxet (deals 154608/138546); Comstock
(deals 125827/125828/125899); and Costilla (deals 125783/125900)

O'Neal 3-9686


Sorry for the delay.  My address is:

3915 Coleridge
Houston, TX  77005

You can add "and Guest" to the invitation.
Hope all is well.  Regards.  Sara

joan schiller <joaniem5770@yahoo.com> on 03/21/2000 09:08:39 AM
To: sara shackleton <sshackl@enron.com>
cc:
Subject:

Hi Sara,

How are you?  I am in the middle of making up the
"wedding list" and I don't have your address in
Houston.  Can you Please email it to me.  Also, I am
going to have the invitation  addressed to you and
guest.  Or do you want me to include Mike's name as
well?  Let me know.

Everyone is fine.  Gary is busy again, and I'm just
doing what I usually do....

Anyway, please email the info so I can get it over to
Robyn's parents.

Thank you soooo much.

Love,
Joan

__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com


Stephanie,  double check.  It appears the CES master and transactions were
assigned to ENA and the transactions assigned over to the ENA BOM Master
Agreement that we already had we BOM.  For some reason the parties then
agreed not to terminate the old CES master, but leave it in place inactive.
Normally we would terminate the CES master when we have one in place.
Stephanie, is there anything in the file indicating why it was not so
terminated?  Did BOM want to keep it in place until the prior trans were
expired for a belt and suspender?  Please advise.  Mary


-----Original Message-----
From: 	Bruce.Lundstrom@enron.com@ENRON
Sent:	Tuesday, October 23, 2001 8:00 AM
To:	James.A.Hughes.EnronXGate@enron.com; Rob.Walls.enronXgate@enron.com; Ben.Glisan.EnronXGate@enron.com; Cline, Wade
Cc:	Kraske, Paul; Harris, Stephanie J
Subject:	Re: Judicial Probe

Folks -

A judge has been appointed to lead the probe.  Paul and his group have
included some known details about the judge below.

Bruce

---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on
10/23/2001 07:52 AM ---------------------------

Suhas Tuljapurkar
10/23/2001 01:00 AM

To:   Paul Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
      christopher.walker@linklaters.com, Bruce
      Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail
      Brownfeld/Enron@EnronXGate, Robert
      Mathis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:  Re: Judicial Probe  (Document link: Bruce Lundstrom)

I am attaching herewith a short note on J Kurdukar alongwith his
photograph.
The note contains my personal analysis of Kurdukar. We may further do some
research on his judgements & Narmada report to understand him better.
Thanks & regards.........suhas

(See attached file: kurdukar.tif).(See attached file: Confidential Kur.doc)

Paul Kraske
10/23/2001 09:55 AM

To:   Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   christopher.walker@linklaters.com, Bruce
      Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Suhas
      Tuljapurkar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail
      Brownfeld/Enron@EnronXGate, Robert
      Mathis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:  Judicial Probe

Wade-

Suhas called to let me know that former justice of the supreme court J
Kurdukar has been appointed as the presiding judge of the GOM commission of
inquiry.  We anticipate a formal notification by the GOM of the probe and
its terms of reference some time later today.  From what I understand he is
considered more objective than some of the other proposed candidates and,
to that extent, he may be less likely to mount a crusade against the
company and its officers and directors.  At the same time, he is renowned
for the glacial pace of the proceedings over which he presides.  Evidently,
he tends to allow every interested party opportunities to intervene and be
heard and the Narmada Dam resettlement which he evidently has also
overseen, has dragged on for most of the last ten years. We'll try to find
out a little more about what he's done recently and let you know what the
bio looks like.

Obviously another logistical question of interest is how long it will
actually take the commission to get up and running.  Suhas seemed to think
it would take a couple of weeks for Kurdukar to organize financing from the
GOM (good luck) and get a small staff together.  Needless to say, if there
are other actions which we contemplate taking prior to the commission being
convened, we probably should not wait.

Paul

 - kurdukar.tif
 - Confidential Kur.doc


Matthew Deaton
3811 Carolyn Ave
Fairfax, VA 22031
Mattd51@juno.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Matthew Deaton


Greg, I received the list of players on the PG&E side today from Glynn's
office.  I called Mark Haedicke to give him the rundown, and he feels
comfortable with you and Jeff attending the meeting alone.  As Jeff will be
arriving in Dallas from San Francisco, you will need to get yourself to
Dallas; however, we will add your name to the manifest for the return to
Houston unless we hear otherwise from you.

Below are the details as we know them now:

Date:  Friday, June 22
Time:  12:30 p.m.-2:30 p.m.
Location: 100 Crescent Court, 6th Floor (Wasserstein's offices), Dallas
PG&E players: Bob Glynn, Chairman & CEO, PG&E Corp.
  Gordon Smith, President & CEO, PG&E utility
  Fong Wan, VP, Risk Initiatives, PG&E Corp.
  Ken Beckfire, Wasserstein
  Joe Sauvage, Investment Advisor, Lehman Bros.
ENE players: Jeff Skilling
  Greg Whalley

As new details become available, we'll pass them to you right away.  SRS


What is your problem?  Why aren't you responding to my emails?


Is that so?!
Well, I think you are quite a catch!

Craig Lindberg <craigl@calpine.com> on 09/29/2000 01:52:49 PM
To: "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject: RE:

Susan,

I just thought know should know - you have me hook, line and sinker!

Looking forward to seeing you tonight.

Craig


-----Original Message-----
From: 	McCoppin, Dorothy
Sent:	Wednesday, October 03, 2001 3:48 PM
To:	Lokey, Teb
Cc:	Paschal, Zelda; King Jr., Frazier
Subject:	RE: Response to FERC on Electronic Contracting
Importance:	High
Sensitivity:	Confidential

	Teb -- just a few comments. ( I think we need to say something about satisfying FMNGA's
		concerns.)

	--Dot

 -----Original Message-----
From: 	Paschal, Zelda   On Behalf Of Lokey, Teb
Sent:	Wednesday, October 03, 2001 3:28 PM
To:	McCoppin, Dorothy; King Jr., Frazier; Corman, Shelley; Hartsoe, Joe; Kilmer III, Robert; Brown, Elizabeth; Dietz, Rick
Subject:	Response to FERC on Electronic Contracting

Per Teb, two changes were made.  Change date and at end of letter "without condition" was eliminated.  Please review.

 << File: 0460.doc >>


Date: Thursday, February 7th , 2002

Location: ECS 06980

Orientation will be split into two sessions and divided by alpha-order. Sessions will run 10am-12 pm and 2pm- 4 pm.

We encourage all of you to attend your designated session as valuable information will be presented, and you will have the opportunity to get answers to your questions.

You can speed things up tommorrow by filing in the attached forms - alternatively you can complete them there

10am Session   Letters A- K

2pm Session Letters L-Z

PLEASE RSVP (BY REPLYING TO THIS E-MAIL) - IF YOU HAVEN'T DONE SO ALREADY


Sold 7000 to CES at 30AL for the 19th-22nd deal 169576.  We are getting the
gas at Broad Run


Hey gang,

I have created the new deals reflecting the Mid-Texas meters for the
following deals beginning in January 2000:

ETOCO:   from HPL meter 393  to Mid-Texas meter 9738
old sitara deal   = 133435
new sitara deal = 163874

Richardson:  from HPL meter 7283 to Mid-Texas meter 9807
old sitara deal   = 141691
new sitara deal = 164003

Mueller:  from HPL meter 7260 to Mid-Texas meter 9769
old sitara deal   =  156247 Feb. 2000 through June 2000
old sitara deal   =  143885 Jan. 2000 only
old sitara deal   =  143887 Jan. 2000 only
new sitara deal  = 164172

Please take a look at the deals and let me know if I have doubled volumes, or
if there is anything else I need to do to make things work better...

O'Neal 3-9686


That sounds great to me, see you on Wed.

Majed
-----Original Message-----
From: Gerald.Nemec@enron.com
To: nnachawa@Central.UH.EDU
Sent: 7/26/01 12:06 PM
Subject: RE: Your summer clerk

Let's plan on Wednesday.  How about we meet at Treebeard's in the tunnel
around 12.  Let me know if that works for you.  If you are not a fan of
Treebeards we can do something else.

    -----Original Message-----
   From:   "Nachawati, Nabil, M" <nnachawa@Central.UH.EDU>@ENRON

[mailto:IMCEANOTES-+22Nachawati+2C+20Nabil+2C+20M+22+20+3Cnnachawa+40Cen
tral+2EUH+2EEDU+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, July 25, 2001 10:22 AM
   To:     Nemec, Gerald
   Subject:  RE: Your summer clerk

    Tuesday is fine with me, or in the alternative, Wed. is also fine.
Just
   let
   me know Gerald, since I know you might have lunch plans with one of
your
   girlfriends j/k.

   Talk to you soon,

   Majed
   -----Original Message-----
   From: Gerald.Nemec@enron.com
   To: nnachawa@Central.UH.EDU
   Sent: 7/23/01 5:07 PM
   Subject: RE: Your summer clerk

   No problem.  I will just destroy the direct deposit slip.  Good luck
   with
   the write on competition.  Lunch sounds great.  This week is kind of
   busy
   but maybe next week.  Tuesday or Wednesday?  Yes, I guess we can
allow
   Debra to go with us.

   Gerald

       -----Original Message-----
      From:   "Nachawati, Nabil, M" <nnachawa@Central.UH.EDU>@ENRON

[mailto:IMCEANOTES-+22Nachawati+2C+20Nabil+2C+20M+22+20+3Cnnachawa+40Cen
   tral+2EUH+2EEDU+3E+40ENRON@ENRON.com]

      Sent:   Monday, July 23, 2001 2:54 PM
      To:     Nemec, Gerald
      Subject:  Your summer clerk

      Gerald,

      I am so sorry that I have not gotten back with you regarding the
   message
      you
      left me. I have just been so busy with the write on competition
for
   law
      review. It is finally over thank god. Anyway, I have electronic
   deposit,
      so
      I don't need my check stub. How is everything with your new clerk?
I
      hope
      all is well with you. Let me know when you are free for lunch so
we
   can
      all
      go out (I guess we will drag Debra along j/k). Anyway, I want to
say
      that it
      was great working with you. Write back soon.

      Best Regards,

      Majed Nachawati

**********************************************************************

This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by others is strictly prohibited. If you are not the intended recipient
(or authorized to receive for the recipient), please contact the sender
or reply to Enron Corp. at enron.messaging.administration@enron.com and
delete all copies of the message. This e-mail (and any attachments
hereto) are not intended to be an offer (or an acceptance) and do not
create or evidence a binding and enforceable contract between Enron
Corp. (or any of its affiliates) and the intended recipient or any other
party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you.

**********************************************************************


what time frame do you want for these projections?

 -----Original Message-----
From: 	Lee, Jebong
Sent:	Wednesday, October 03, 2001 4:17 PM
To:	Geaccone, Tracy
Subject:	Help

Tracy,
As Michael already told you, I am working on a valutation project for Rod, and was hoping to get cash flow (projections) for Northern Nautral and Transwestern. If you have info for EOTT also, that would be great. Otherwise, can you direct me where to get the info?
Please feel free to ask me any questions you might have.

Thanks,

JB

Jebong Lee
713-853-9722 office
713-306-8658 cell


You have received this email because you are listed as a data approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000081087&Page=Approval to review and act upon this request.

Request ID          : 000000000081087
Request Create Date : 1/16/02 11:06:01 AM
Requested For       : john.oh@enron.com
Resource Name       : Enpower North America West Production Deal Blotter
Resource Type       : Applications


I still have to fix the liquidated damages/termination stuff, but here's a
redline for you to look at.  I picked up the comments from others (Terry,
Christi) and these should be lined as well.

I should be done soon.


-----Original Message-----
From: 	Richey, Cooper
Sent:	Friday, October 26, 2001 9:56 AM
To:	Heizenrader, Tim; Sarnowski, Julie
Subject:	FW: Luscar/USW update

 -----Original Message-----
From: 	Macphee, Mike
Sent:	Friday, October 26, 2001 10:53 AM
To:	Keohane, Peter; Crawford, Sharon; Zufferli, John; Greenizan, Bill; Richey, Cooper; Fichten, Murray; Davies, Derek
Subject:	FW: Luscar/USW update

 -----Original Message-----
From: 	Jim_Paton@transalta.com@ENRON
Sent:	Friday, October 26, 2001 10:04 AM
To:	Howie_Thomas@transalta.com; bbaker@enmax.com; kolsen@enmax.com; Macphee, Mike; Dupuy, Mark; robert_cooper@transcanada.com; candice_thiessen@transcanada.com; jimo@encoreenergy.com; clast@enmax.com; rhay@epcor.ca; gwen_wenstrom@transcanada.com; doug.heath@powerpool.ab.ca; bpinfo@powerpool.ab.ca
Cc:	Tony_Smith@transalta.com; Garth_Wong@transalta.com; Jim_Balshaw@transalta.com
Subject:	Luscar/USW update

There have been few developments since the start of the strike so it has
been a while since the last update.  Below is the current status:

     The Alberta Labour Relations Board (ALRB) has determined that pickets
     on the plant gates as occurred during the first 3 days of the strike
     and disrupted TransAlta operations are not allowed.
     Luscar is fulfilling their responsibility to supply fuel to
     TransAlta's Sundance and Keephills plants through the implementation
     of their contingency plans.
     Inventories used to supply the units when mine operations are slowed
     remain at adequate levels.
     The most significant impact to date has been to coal blending
     operations.  Suboptimum blending results in derates.  Challenges in
     this area are expected to continue for the duration of the strike and
     likely several days thereafter.
     Risks to plant and mine operations from the strike exist.  Luscar and
     TransAlta have plans in place to address these risks but there are no
     guarantees that output will be maintained at current levels.  It is
     our objective to adapt operations to minimize the impact of these
     events which are outside of our control and to meet our PPA
     obligations as much of the time as possible.

We understand Luscar and the USW will be meeting later today.

Should the situation change as a result of the meeting or any other
consequential developments I will send another e-mail within a few hours,
including over the weekend.

Regards,
Jim


those dummies! (it's changed back)

Thanks,
Kate

Evelyn Metoyer@ENRON
03/20/2001 11:38 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/14

550480-
Kate I just called Prebon and they said they made a mistake the cp should be
Morgan not Merrill........

   Kate Symes @ ECT                03/20/2001 01:27 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/14

550480 has been changed to Merrill per Sean Crandall

550383 and 550385 - I'm still waiting to hear from Mike Driscoll on these -
I'll let you know.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/20/2001 10:53 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/14

Hi Kate, Stephanie Checkout with Prebon because I was out last week and I am
still trying to clear up some deals from the 14th.   The west checkout person
at Prebon is on vacation and his back-up is just now getting back with me on
these discrepancies.

Matt Motley
deal 550383
Prebon says cp should be Neveda Power.,..........we have Sierra Pacific

Matt Motley
deal 550385
Prebon says cp should be Neveda Power.......we have Sierra Pacific

Sean Crandall
deal 550480
Prebon says cp should be Merrill Lynch......we have Morgan Stanley


OK but this is a tree and I want to focus on the forest. A few facts on this may be helpful to understand the forest. Also, be sure to coordinate with Ted on London stuff. Tx Rick

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Wednesday, July 18, 2001 11:52 AM
To:	Port, David
Cc:	Buy, Rick
Subject:	RE: Enron Metals Operational Risk

David and Rick,

I am following up with people in London to gain a better understanding of the cause of this operational loss.  I have been assured that several process changes have been implemented to correct the underlying problem, but I will also get enough additional details to make my own assessment.

Thanks,
Wanda

 -----Original Message-----
From: 	Port, David
Sent:	Tuesday, July  17, 2001 8:17 AM
To:	Curry, Wanda
Cc:	Buy, Rick
Subject:	Enron Metals Operational Risk

Fyi - Enron Metals gets fined - one cost of unharnessed operational risk....

http://biz.yahoo.com/rf/010717/l17522074.html


Ashley,

I am so sorry we never managed to meet up while I was in London.  Emily and I
spent all day Sunday gallivanting around the city to the markets, etc. and
Monday I ended-up spending a lot longer than I planned at the office.  On the
bright side, I was able to have an impromptu interview and meet quite a few
people while I was there.  I'm hoping to be over there and gainfully employed
by early next spring.  Hope things are well with you and the next trip I make
over there we will definitely get together.

Susan


mom said that you needed my phone number.  it is (713)807-1699.


TO:	BOARD OF TRUSTEES

Ladies and Gentlemen:

The October 16, 2001 NERC Board of Trustees minutes are now posted in
Acrobat 5.0 at the following site:

http://www.nerc.com/~filez/botmin.html

Please let me know if you have any questions.

Sincerely,

Julie Morgan

cc: NERC Roster
    Meeting Guests


How is my SDI direct line coming?

Chris


Kay,

Does Merchant Energy Ventures LLC have any auditable financials?  If not can
Enron give some form of parent guarantee?

Let me know if either is possible.

Thanks,

Steve Swift


---------------------- Forwarded by John J Lavorato/CAL/ECT on 02/13/2000
11:43 AM ---------------------------

Michael Etringer

01/25/2000 09:03 AM

To: John J Lavorato/CAL/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Web Site Update

Sorry If you tried to look at the web site:

http://ecthou-lndev1.nt.ect.enron.com/westpowernet.nsf/

The IT development group was working on it so it was out of commission.  It
is available now.  However, like I indicated it is only a template.

Mike


As we get closer to the date, we will again be making dinner reservations for
all interested.  I'll request RSVP's to dinner in early August.

Lysa

 -----Original Message-----
From:  Perrino, Dave
Sent: Monday, July 30, 2001 3:09 PM
To: Perrino, Dave
Cc: Walton, Steve; Alan Comnes/PDX/ECT@Enron; Nicolay, Christi; Davidson,
Debra; Steffes, James D.; Kaufman, Paul; Alvarez, Ray; Novosel, Sarah; Hall,
Steve C.; Denne, Karen; Tracy, Lysa; Davidson, Debra; Landwehr, Susan M.;
Dasovich, Jeff
Subject: RE-SCHEDULE NOTICE - Western Government Affairs Meeting
Importance: High

Dear All,

As a result of the recent volume of activity in Washington DC, with mediation
proceedings, refund discussions and the need for key members of our team that
need to attend these meetings, it has been decided to re-schedule the meeting
of the Western Government Affairs group to Wednesday, September 12, in
Portland, 10AM-5PM.

For those of you who had planned on attending, I am sorry to cause you this
inconvenience.  Hopefully for those of you who wanted to attend, but
couldn't, this will offer you the opportunity to participate on September 12.

Due to the volatility of policy related issues in our region, I would expect
there may be some modifications to our current agenda below.  As these
changes occur I will communicate this information to you.

Any questions or concerns, please contact me.

Kind Regards,

Dave

	  From:  Dave Perrino                           07/20/2001 09:36 AM

To: Steve Walton/ENRON@enronXgate, Alan Comnes/PDX/ECT@Enron, Christi L
Nicolay/HOU/ECT@ECT, Debra Davidson/ENRON@enronXgate, James D
Steffes/NA/Enron@Enron, Paul Kaufman/ENRON@enronXgate, Ray
Alvarez/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Steve C
Hall/ENRON@enronXgate, Steve Walton/HOU/ECT@Enron, Karen
Denne/ENRON@enronXgate
cc: Lysa Tracy/ENRON@enronXgate, Debra Davidson/Enron@EnronXGate

Subject: Draft Agenda for - Western Government Affairs Meeting

Below is a draft agenda for our planned meeting on Wednesday August 1 in
Portland Oregon from 10-5.  Tim Belden will be joining us from11:30-1PM
(thanks Debra) and the agenda is taking Tim's time into account.  We will be
meeting in the Mt. Hood Room, a working lunch will be provided (thanks
Lysa).

If you would like to modify the agenda, please send your edits to me.

10:00   Meeting called to order - Brief Introductions - All
10:10   Overview of Western Government Affairs Priorities (Jim or designee?)
11:00   What are the short-term needs of our Western Commerical Staff? (Alan?
)
11:30   Brief Overview of July 12 Rulings and discussion of the potential
impacts on the West (Ray/Christi/Sarah? and Group)
12:30   RTO/ISO Status Update (in alphabetical order)
  CAISO   (Sue)
  DSTAR   (Dave)
  RTO West  (Steve)
2:00 RTO Strategy discussion "How we move forward and how we should leverage
the recent FERC July 12 rulings"     (Group/Jim?)
3:30 Meetings, RTO's and WSCC - Ranking and Coverage coordination (Group)
4:30 Northwest OASIS "Enhancements" - Solicitation of Trader Comments (Dave)
(Note, Alan, can you please ask Diana,   Sean and Bill Williams III to see if
they can schedule time to attend?)

While developing this agenda from everyone's input I was thinking that NERC
is beginning to assert more and more influence (good or bad) on the entire
industry.  I would like to know if our group feels it would be useful to
invite either Charles Yeung or Andy Rodriquez to our meeting to overview NERC
activities and or Electronic Scheduling?

Also, if Steve Hall has any legal or contract issues he'd like to discuss
during our meeting I'll be happy to add time for that.

Again, as noted above this is a draft and as you can see I have
un-democratically nominated (suggested) folks for leading various
discussions.  Any comments or confirmations of commitment to lead an agenda
item would be greatly appreciated.  Thanks for everyone's input.

Kind Regards,

Dave


---------------------- Forwarded by Tana Jones/HOU/ECT on 03/16/2000 09:12 AM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           03/15/2000 05:33 PM

To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Online Trading Australian Financial Power GTC

Mark Taylor, who is in Amsterdam this week, just left me a voicemail
reflecting a conversation he just had with Dave Forster, and asked me to
relay the following information to you (don't kill me, I'm just the
messenger)...

With respect to your form of online GTC:

It need to be revised, per Dave Forster by Monday, to be expanded to include
the provisions necessary that will enable a non-Australian based counterparty
(a counterparty could be U.S., Canadian, European or other country based),
who may or may not have an ISDA Master Agreement in place, and may or may not
have credit in place, to do a financial power transaction with Enron
Australia.  In that regard I am attaching as a template, our form of online
"Deemed ISDA" GTC (for a weather transaction, the only type of financial
transaction where we adopt the ISDA documentation instead of using our own
form of confirmation).

As you can see when you look at our "Deemed ISDA" form of confirmation, there
are a number of provisions that our Deemed ISDA form of confirmation
includes, such as authority and tax representations, "arm's length
transaction" reps, acting as a principal rep, the deletion of section
2(c)(ii) of the ISDA Schedule (netting "in respect of the same transaction"),
no language that each party has a copy of the ISDA form and has read it and
understands it, your deletion of language re: written confirmations,
definition of "Transaction" meaning the GTC+ISDA form+website terms,
"Website" (uppercased) is a defined term under the Password Application, we
usually say "Loss" instead of "Market Quotation", also,  Market Quotation and
Second Method will apply for the purposes of Section 6(e), a question, do we
need the word "integrated" with respect to the rerenced that the documents
contain a "single agreement" to fall under the U.S. bankruptcy swap
protection?, no ducment conflict provisions, missing our "severability" and
"setoff" language, no adoption of the 1991 or 1993 Commodity definitions,
business day defined as Sydney only, etc.

Of course, you do not have these in your form of GTC, because they are or
will be covered in your executed ISDA Master Agreement, but it is likely
counterparties outside of Australia may not have a master swap agreement in
place.

I spoke to Steve Douglas in Tax, who is out of town today and was going to
talk to Susan Musch about the tax issues and I hope to hear from him tomorrow.

After all the above, I just have to say...we really do appreciate your help
resolving all these issues...


Greetings folks:
Here is the "solutions" piece that went in Ken Lay's briefing packet.  Copies
of the full packet will be distributed ASAP.
Best,
Jeff


OK, so the classes start this week.  The first one will be on what to look
for in a P&L and MiniBench to prove reasonableness.  Will Kelly and I will
present the class.  We have a few items we want to go over, but I think the
most beneficial part will be individual questions.  So bring them if you have
them.  We are have split the entire Risk team into two groups.  Our breakout
is as follows:

 Group1   Group2
 Carole    Jennifer
 Jason    Anne
 Chris

Group 1 will meet this Wednesday @ 11:30am and Group 2 this Thursday @
11:30am.  We will have Chick-Fil-A for lunch.  Thanks.

DG


We checked a few deals that have gone through so far today.  Please review
the following and let me know how they are bridging.

V51265
V51261
V51270

Thank you for your help.

Dawn


---------------------- Forwarded by Rick Buy/HOU/ECT on 01/18/2001 08:44 AM
---------------------------

Pam Butler@ENRON
01/12/2001 03:41 PM
To: Rick Buy/HOU/ECT@ECT
cc: Mary Joyce/HR/Corp/Enron@ENRON
Subject: Ecoelectrica file

Rick, we are going to be running project payouts for Puerto Rico on Mark's
numbers ($317mm valuation) and Mary Joyce asked that you approve the
valuations due to the size of the project.  Can you please respond via email
so that I'll have documentation for my files.  Thanks.

Pam
---------------------- Forwarded by Pam Butler/HR/Corp/Enron on 01/12/2001
02:42 PM ---------------------------
From: Mark Ruane@ECT on 01/10/2001 05:16 PM
To: Pam Butler/HR/Corp/Enron@ENRON
cc: James C Lewis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt
Subject: Ecoelectrica file

This is our summary model
If you have any questions please call me at 33569.
Thanks
Mark


Stacey,

I have reviewed the section on the attachment of counterparties on the master log with a "Y" but not on the physical power terminated list.  BP Energy Company is on the physical power terminated list.  With the exception of the four new companies that appeared on the master list today and Ameren, we do not have any trades flowing after December 1, 2001 with the other counterparties.  I have not been including counterparties on the list if we don't have any deals flowing December 2001 on out.  If I need to include companies that we don't have outstanding trades with let me know.

Niagara Mohawk has been purchased by Select Energy New York, Inc.  Tonight Global Counterparty is going to replace the Niagara Mohawk name with Select Energy New York, Inc.  I have been waiting on global before adding Select to the termination list.  I have not heard back on Ameren yet.

Once I have an answer from David on the other terminations (by alternate source) I will let you know.

Thanks for organizing the information from all of the e-mails.

Let me know if you need anything else.  I will be sending an updated physical power termination list today.

Thanks,
Melissa
3-1886

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Friday, January 04, 2002 12:19 PM
To:	Murphy, Melissa Ann; Portz, David
Cc:	Reeves, Leslie; Theriot, Kim S.; Evans, Casey; Postlethwaite, John
Subject:	Terminated Transactions Reconciliation between Master Log, Power Physical spreadsheet, and Other

Please review and let me know if I have misrepresented any counterparties.  If you want me to add comments, send them to me and I will incorporate.

Thanks,
Stacey

David,
Just to make sure you know, the Power Physical Terminated Transactions spreadsheet, is put together by Melissa from information she has received from Master Log and other.  This is our primary source for moving transactions into the bankruptcy book as she review to ensure that the contracts terminated cover all our trades.

Thanks,
Stacey

 << File: Termination Reconciliation.xls >>


I want to send out an email showing the TXU sales for the month.  I'm going to copy TXU and kinda use this as an informal confirmation of the monthly activity.  I just want to verify that it is Ponderosa Pine Energy Partners, Ltd. billing TXU correct?

Also, have we received payment for Feb yet?  If not, I would question whether TXU is really going to pay, its starting to sound like a stall technique.  If we need someone else to sell the gas too, we might set up contracts with Apache and Williams and start selling the gas back to them.  Then you would at least have some purchases to net the sales with.

Just a thought before I hop off to lunch.


This is an automatic confirmation of the order you have placed using IT
Central.

Request Number:   ECTH-4PKS7Y
Order For:               Maureen Raymond

1 x ( Standard Desktop     $1319 )

Enron IT Purchasing


David Dusterhoff
david@columbia.org

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

David Dusterhoff


Here is my email address.  Email me if any of you will be in San Antonio.

kyle_etter@hotmail.com

Kyle


Peter:
Thanks for responding and sorry about you having to repeat this again as I
was not aware of your previous discussions.  In Stikeman's November 2000 ISDA
Collateral Opinion, they suggest as an alternative course of action to modify
the Credit Support Annex to create a debtor/creditor relationship between the
parties and to provide for an outright transfer of cash instead of a pledge.
Do you have any thoughts on this?  Is this an alternative that we should
consider implementing with some of our more persistent high volume
counterparties who are giving us a hard time about not being able to post
cash collateral to us?

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

	Peter Keohane
	03/20/2001 09:58 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Greg Johnston/CAL/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Mary
Cook/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Chris
Gaffney/TOR/ECT@ECT, Mark Powell/CAL/ECT@ECT, Sharon Crawford/CAL/ECT@ECT,
Tana Jones/HOU/ECT@ECT
		 Subject: Re: Cash Collateral In Canada

In the past few weeks, I have discussed this issue with Brent H., Mark T.
Chris G. and Mary C.  Under the PPSA jurisdictions in Canada, which includes
Alberta and Ontario among others, cash held on deposit as collateral is not
clearly categorized as "money" but more likely an "account".  Although
certain categories of collateral can be perfected by possession, including
"money", "intangibles", which includes "accounts", cannot be perfected by
possession.  The issue comes down to whether we will accept the risk that a
wire transfer to an account designated by us constitutes "money".  Although
it is not clear, the better view is that "money" means cash in hand and not
on deposit.  The risk is that an unperfected security interest is subordinate
to various parties, including a bankruptcy trustee and to subsequently taken
but properly perfected security interests.  I will admit, however, that this
seems to be a risk that others in our market take (although likely
unknowingly).

Accordingly, to perfect the "account" a registration is likely required at
the PPR, which is something we do not want to get into.

Even then, as an "account" is an "intangible" certain conflicts rules for
perfection by registration need to be considered, as the PPSA jurisdictions
provide that perfection of an intangible is governed by the laws of the
jurisdiction where the debtor is located, as determined by the location of
its principal place of business or chief executive office. i.e.  registration
may be required in some other jurisdiction entirely.  Further, an advance
search would have to be done to see if there are competing prior
registrations.  Also, as the PPR is not a guaranteed title registry,
registration priority does not necessarily guarantee security priority, and
law firms will not typically give priority opinions under the PPSA.

Lastly, if there is an insolvency and the deposit holding institution is also
a creditor of the counterparty, there may be some argument that the deposit
holding institution will assert rights of set off over the account.

In terms of updating advice, the statutory provisions have not to my
knowledge changed.  I suppose there is some possibility that a court has
recently determined that "money" includes deposits that we are not aware of,
and I could ask outside counsel to research this issue.

Peter.

   Carol St Clair                03/20/2001 07:45 AM

To: Peter Keohane/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
Subject: Cash Collateral In Canada

Peter and Greg:
One of our counterparties is questioning why we won't accept cash collateral
in Canada.  They claim that under the current state of the law, holding cash
collateral is the method for perfecting.  Please advise.  Should we ask
Stikeman to update their advice to us on this?

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


If you can leave the airport by 1:30, make it to dook by 2:00, leave dook
by 2:45 (3:00 at the absolute latest), then you'll probably be alright.
Cameron should take all of about 10 minutes to lose your excitement over,
then you can walk around and check out all the ugly pussy that plagues the
campus, then see a bunch of yankee butt pirates circle jerking in the quad,
buy yourself a championship t-shirt with jiz all over it (but they won it
with heart!), you can be out of there in 45 minutes easy!!  Without any
traffic delays, you'll be east of Raleigh where we can meet at 3:45 or 4:00
at the McDonalds at Hwy 42 and I-40 (write that down, it's about 10-15
minutes east of Raleigh).  If you get stuck west of Raleigh in a traffic
snarl, you could be there for 1-2 hours.  I work in Chapel Hill on
Wednesdays and won't drive back on I-40 if it's after 3:00, I take a back
route.

Let me give you directions to Orton just in case, it's easy.  I-40 from
Raleigh to Wilmington, as you approach Wilmington take a right at a big
light on Smith Creek Parkway (new since your day, it's just before Market
Street), go about 1-2 miles and it will end, take a right on 23rd St, pass
the airport on your right, road will come to an end again, take a left, I
think this is Hwy 133 South which takes you around/through nig-town
Wilmington, cross the Cape Fear River and follow signs to Southport staying
on Hwy 133 South which will go straight to Orton, follow the signs into the
gate and the house is on the right once you enter the gate.  From the
airport without major traffic it will take a good 2 1/2 hours without
stopping, say 3 hours with a pissing 4 year old!!

Gate House phone number 910-371-9240
My work number 919-552-6506
My cell phone 919-662-6711

Wesie and I will try to leave at 3:30 so we can meet at 4:00.  Call me when
you get to the airport and let me know what the deal is.  I'm in Chapel
Hill on Wednesday so you could reach me on my cell phone.  I won't get
e-mail on Wednesday.

At 03:52 PM 4/2/2001 -0500, you wrote:
>
>What time do you plan on leaving "East Raleigh"?  How long does it take to
>get to that point from Duke assuming 3:00-4:00 traffic?  If we can get our
>car pretty quick, I might take a quick trip to Cameron only so Hunter can
>see where the greatest dynasty in modern college basketball plays.   If we
>get hung up at all, then I'll defer it for sure though.
>
>(I think you just don't want me to get my family dressed up in Duke
>National Championship paraphenalia to wear all weekend.)
>
>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
04:57 PM ---------------------------

"Btu" <subs@btu.net> on 01/19/2001 04:09:26 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg012201.pdf


SK - I've printed these out and put them in your meeting folder.  mm

Please find attached translation of following articles:

"Who is the fiend of the Heisei era? - transformation of a public
utility (1)"
(Nihon Keizai Shimbun dated May 7)

"U.S.-based Enron urges Japan to separate transmission from the
operations of electric power companies" (Sankei Shimbun dated May 10)

"Enron draws up a document on deregulation in the electricity industry"
(Nikkei Sangyo Shimbun dated May 10)

Best regards,
IRJ PR Services

 - Nihon Keizai 10507.doc
 - Sankei 10510.doc
 - Nikkei Sangyo 10510.doc


What is the status of Kevin McConville?

I? learned today from one of the other plaintiff's lawyers that Hennegan
wants to take Kevin's deposition before the end of discovery, so this may
come to a head soon.

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


Susan:

Ken has cancelled his participation in this event.

Jeff

 -----Original Message-----
From: 	Gray, Jeff
Sent:	Monday, October 29, 2001 9:16 AM
To:	Bradley, Rob; Landwehr, Susan M.
Subject:	RE: Nov 7-8 NYC event

Susan:

Attached are the preliminary questions.

Jeff

 -----Original Message-----
From: 	Bradley, Rob
Sent:	Monday, October 29, 2001 9:09 AM
To:	Landwehr, Susan M.
Cc:	Gray, Jeff
Subject:	RE: Nov 7-8 NYC event

Sue:

Ken is planning to do this.

The format has been changed a couple of times, and now we have a set of questions for Gary Hamel to ask Ken.  Jeff Gray will send the final set of (still-draft) questions to you.  Ken has the questions, so they could change.

- Rob

 -----Original Message-----
From: 	Landwehr, Susan M.
Sent:	Sunday, October 28, 2001 9:36 AM
To:	Bradley, Rob
Cc:	Shapiro, Richard
Subject:	Nov 7-8 NYC event

Rob--are you working on a speech/panel discussion that Ken Lay is supposed to be involved in November 7-8 in New York CIty sponsored by FOrtune Magazine and hosted by Mayor Guiliani?  If Mr. Lay is still intending to participate, I need a bit more information to be able to leverage the work that we have been doing in New York.


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000009842&Page=
Approval to review and act upon this request.

Request ID          : 000000000009842
Request Create Date : 12/11/00 11:44:19 AM
Requested For       : anabella.desouza@enron.com
Resource Name       : EOL US Backoffice  Reports
Resource Type       : Applications


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

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

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

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

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

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

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


---------------------- Forwarded by Mary Hain/HOU/ECT on 10/06/2000 01:41 PM
---------------------------
To: Edward D Baughman/HOU/ECT@ECT, Joseph Wagner/NA/Enron@Enron, Raymond
Bowen/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, George
Wood/Corp/Enron@Enron, John Llodra/Corp/Enron@ENRON, Janelle
Scheuer/HOU/ECT@ECT, Tom Swank/HOU/ECT@ECT, David Fairley/HOU/ECT@ECT, Mike
Curry/HOU/ECT@ECT, Terri Clynes/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Joe
Gordon/Corp/Enron@Enron, Mike E Kelly/NA/Enron@Enron, Joseph
Piotrowski/NA/Enron@Enron, Zachary Sampson/NA/Enron@ENRON, Dave
Mangskau/Corp/Enron@ENRON, Doug Sewell/HOU/ECT@ECT, Posey
Martinez/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, James
E Keller/HOU/EES@EES, Robert Frank/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Harry
Kingerski/NA/Enron@Enron
Subject: Buying power from Industrials

Below is information about a FERC order allowing a power marketer, like EES
or EPMI, to file to effectively act as an industrials "agent" when buying an
industrial's excess power to insert into the grid.  Generally, an industrial
would be required to obtain its own FERC power marketer license (takes about
60 days) in order to sell into the grid.  EPMI and EES have not requested the
"Impower" type agent authority yet, but I have been asked to file this for
EPMI (and, Dennis, we could file for EES too, let me know).

If FERC allows EPMI and EES to do this, then we would make quarterly filings
on behalf of any industrials from whom we buy power at wholesale and they
would not have to make their own FERC power marketer filings.  (Also, Enron
generally has to also file for "EWG" Exempt Wholesale Generator status due to
utility rules; however, if the industrial is primarily an industrial business
in something other than power generation, an EWG determination is not
required.)

I will keep you advised on the status of the filing(s) once made.

Subject: In Power Marketing --FERC order

On 3/30/2000, FERC issued an order accepting InPower's market based rates
schedule that would permit entities that own generation to meet their own
loads or for back up purposes (IPPs) to sell power at market based rates to
InPower (on a profit share basis).  InPower made the filing stating it
estimated that IPPs in MAIN (and, specifically, Wisconsin) could supply a
substantial portion of the summer energy shortfalls (FERC did not limit
ImPower to IPPs in MAIN).  InPower did not name any specific IPPs; however,
to be eligible under ImPower's program, an IPP must control generation
primarily for the purpose of meeting on-site demand or providing back-up
generation and have such generation located on its premises or premises
approved by the local utility.  Further, the generation must be capable of
producing electricity either synchronous with the local utilities' grid or
commensurate with agreements with the local utility.  Total sales made by
IPPs in ImPower's program would not exceed 1000 MW/ hour.  The IPPs are in
businesses other than the sale of electricity and are simply seeking
"incremental return on the often-unused capacity of their generation assets."

When an IPP participates in ImPower's program, it becomes subject to FERC's
jurisdiction as a "public utility."

Jacksonville Electric Authority (JEA) protested ImPower's filing stating it
allows retail customers to arbitrage retail and wholesale power markets by
purchasing power at average, embedded cost retail rates and simultaneously
using their generating facilities to sell power at wholesale to ImPower (at
peak times).  FERC addressed JEA's concerns by saying that the IPPs cannot
violate any rules and requirements properly imposed on the retail sales made
to those suppliers.

This order allows ImPower (as an aggregator) to make the required quarterly
filings for the IPPs and the IPPs do not have to apply for separate market
based rates authority.  The are some additional reporting requirements FERC
waived for the IPPs: accounting and reporting, issuance of securities and
interlocking directorates (an affidavit is still needed).

Please let me know if you would like a copy of the filing or order.


- enron delta breakdown  12-6 bod.xls


Johan:  As promised. I'll have Bolivia later today.  Keith


I can't tell the fax numbers on some of the faxes and where the analog lines are.  Can you meet with me?

-----Original Message-----
From: Jameson, Lance
Sent: Thursday, December 20, 2001 4:31 PM
To: Jones, Tana
Cc: Gonzalez, Esmeralda; Witherspoon, Joe
Subject: RE: 29th floor
Importance: High

Room 3259 - phone, printer and Fax machine
Room 3260 - phone
Room 32C2 - phone and analog line

Room 3376 - Phone and analog line and printer
Room 3371 - phone and polycom and fax machine

Room 2991 - two phones and analog line
Room 2993 (hallway) - fax machine and analog line
Room 2994 phone and printer

Room 2946 - phone
Room 2945 - phone and printer and fax machine
Room 2947 - phone

Lance D Jameson, PMP

Sent by Blackberry Wireless


FYI, I will be out of the office on vacation from Thursday, May 31st -
Tuesday, June 5th.  Please contact Sharon Hausinger (x37762) if you need any
assistance during that time.

Regards,
Rebecca


Energy Committee Members:
Please find attached the agenda for this afternoon's energy committee
meeting to be held again in Building 1 at EPRI at 3pm.  Also attached are
the minutes from our last meeting.  Please RSVP your availability for this
afternoon's meeting so that EPRI can prepare for your participation.
Thanks.  Laura

 - Energy Committee Agenda April 30.doc
 - Energy Committee Meeting Minutes April 23.doc


Thanks for forwarding mail to me.  I apologize for the inconvenience of
this.  My current e:mail address is sally.beck@enron.com, as suggested within
the past few months by the technology group that all addresses use the long
name.   HOWEVER, my e:mail address prior to that was sbeck@ect.enron.com.
That was printed on my business cards, many of which are still in circulation
I am sure.  When ECT became ENA, I changed my e:mail address to drop the ect
reference and to use my long name rather than sbeck.  So I can see why you
would receive my mail on occassion if someone is either making an educated
guess on the address or referencing my old card.  SInce there are at least 2
sbeck's here, have you thought about adopting use of your long name address
rather than the shorter version to help in further differentiating between
us?   That might help eliminate confusion going forward.


Can we schedule a short call on Tuesday to discuss the local Argentine
derivatives issue?  I am not free at 10 - 11 am or after 2:30 pm. Houston.
Also, have you been able to confirm whether Don is the man in charge in
Brazil?  Sara


The State of New Mexico has issued the settlement penalty for the turbine
replacement issue at the P-1 C/S.  You may remember that the original amount
levied against Transwestern in 1997  was $14,700.  After the Air Quality
Bureau sat on this issue for more than 4 years, they reassessed the penalty
to be $162,770.  I would like to get together and discus what our options are
on this.


The attached file is an update to the original one sent on Friday with our May
daily volume requirements.   Please refer to the "comments" worksheet and the
comments dated 4/24/00 for differences between this version and the original.
Please let me know if you have questions, problems, etc.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Req2.xls


Start Date: 4/24/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042408.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 8 / Preferred:   2.22 / Final:   1.67)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


Fred still owes comments. We'll target sending the LOI on Monday.

I'll call you on my way to the airport.

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 01, 2001 4:16 PM
To: Jacoby, Ben
Subject: RE: TECO

I vote for you.

From: Ben Jacoby/ENRON@enronXgate on 06/01/2001 04:08 PM
To: Kay Mann/Corp/Enron@Enron
cc: Fred Mitro/ENRON@enronXgate

Subject: RE: TECO

Do you want to send the LOI to TECO, or should I?

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 01, 2001 1:32 PM
To: Mitro, Fred
Cc: Jacoby, Ben
Subject: RE: TECO

I don't believe we need Keffer's input to process the LOI.  I can have their
power guy look at the term sheet if we think we are done with it.

From: Fred Mitro/ENRON@enronXgate on 06/01/2001 12:42 PM
To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/ENRON@enronXgate

Subject: RE: TECO

Kay:

I will review your comments on the LOI.  I wanted to check with make sure
that someone at King & Spalding is reviewing the Midway term sheet along with
the LOI, so that we can send the term sheet to TECO on Monday/Tuesday.

Let me know.

Fred

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 01, 2001 11:45 AM
To: Jacoby, Ben; Mitro, Fred
Cc: jkeffer@kslaw.com
Subject: TECO

Ben,

I made a minor adjustment to the LOI re: exclusivity.

 << File: Midway TECO LOI june 1.doc >>

Policy states that any time we sign up to exclusivity we are supposed to get
it approved by Mark Metts, Tim Detmering and the CEO of the affected business
unit.  Seems a little silly in this case, but it can't hurt. (yes, I know we
didn't do it with the turbine stuff)

Kay


If it's possible to talk around 3 pm California time for about 10-15 minutes, that would be great.  Would need to get Jim and Rick on the call, too.  Don't break your back, but would be very good if we could arrange it.  Just let me know.  Thanks a million.

Best,
Jeff

 -----Original Message-----
From: 	McVicker, Maureen
Sent:	Wednesday, September 19, 2001 1:18 PM
To:	Dasovich, Jeff
Subject:	RE: Call with Fielder

Jeff:

Steve is out of town until Friday.  If you need me to track him down, just let me know.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Wednesday, September 19, 2001 11:13 AM
To:	Kean, Steven J.; Shapiro, Richard; Steffes, James D.
Subject:	Call with Fielder

Fielder agreed to sit down and talk as soon as we'd like.
He said that his "legal and tariff guys" told him that "they're on solid ground"; but John admitted that doesn't mean that Edison "is right."
I told him that his lawyers and tariff people may think they're on solid ground with the PUC, but that in no way means that an appellate or ("god forbid) bankruptcy judge will concur with either Edison or the PUC.
I stressed that we weren't interested in meeting to re-hash our respective positions and that we wanted a meeting where we and they come to the table with constructive, good faith options to resolve the issue.
He said that he'd be willing to do that (though most deeply discount anything Edison says these days).
He suggested that we start without lawyers.  I said that we could do that, but that I'd have to check.
I told him that we'd try to get back to him sometime today regarding what we'd like to do.

Possible to discuss briefly?

Best,
Jeff


Thanks John for the comments.  That leaves it up to legal to answer Susan's
question.  Carol, any thoughts?

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Tel.:       81-3-5219-4500 (Main)
            81-3-5219-4553 (Direct)
Fax:        81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:       81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

	John Suttle@ENRON_DEVELOPMENT
	Sent by: John Suttle@ENRON_DEVELOPMENT
	2001/02/26 09:16

		 To: Jane McBride/AP/Enron@ENRON
		 cc: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Alan
Aronowitz@ECT, Carol St Clair@ENRON, Mark Taylor@ECT
		 Subject: Re: Enron: ISDA Schedules

Jane -

Not to back-pass the issue, I think this is generally a Legal question.  From
the Credit perspective, our concern is Enron's ability to:
- Call for collateral
- Receive it and hold it
- Have title to it/perfect it in case of default
- Retain it in the case of bankruptcy to offset exposures

If we agree to accept it in yen or dollars, in Japan or the U.S., from my
perspective, it is important that we simply identify the necessary legal, tax
and operational procedures, then implement the processes that allow Enron to
accomplish the above criteria.

If I need to address these issues in greater detail, or if you need anything
further, please let me know.

John Suttle

Jane McBride@ENRON
02/26/2001 10:36 AM
To: Susan Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Alan Aronowitz/HOU/ECT@ECT, John  Suttle, Carol St Clair, Mark
Taylor/HOU/ECT@ECT
Subject: Re: Enron: ISDA Schedules

Dear Susan,

I am not really sure what the answer is to your question and I am not really
sure whether these decisions are ultimately made by legal or credit although
I suspect the latter.

John or Carol, do you have any thoughts?

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Tel.:       81-3-5219-4500 (Main)
            81-3-5219-4553 (Direct)
Fax:        81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:       81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

	Susan Musch@ENRON_DEVELOPMENT
	2001/02/24 07:21

		 To: Jane.McBride@enron.com
		 cc: Edwin.T.Whatley@BAKERNET.com, Paul.TYO.Davis@BakerNet.com,
Yukinori.Watanabe@BAKERNET.com, Jeremy.Pitts@BAKERNET.com, Jeff
Blumenthal/Enron@EnronXGate
		 Subject: Re: Enron: ISDA Schedules

Jane,

I am guessing that in practice, Enron Japan would not accept the tender for
collateral in the US for transactions it enters into in Japan.  However,
would you please confirm this?

Best regards,
Susan

Edwin.T.Whatley@BAKERNET.com on 02/23/2001 03:13:15 AM
To: smusch@enron.com, Jane.McBride@enron.com
cc: Paul.TYO.Davis@BakerNet.com, Yukinori.Watanabe@BAKERNET.com,
Jeremy.Pitts@BAKERNET.com

Subject: Enron:  ISDA Schedules

Dear Susan and Jane:

Please see attached, best regards, Ed

Edwin.T.Whatley@bakernet.com
Phone: 81-3-3796-5857 Fax:81-3-3479-4224
Registered in Japan as an Attorney at Foreign Law;  Jurisdiction of  Primary
Qualification--California; Designated Law--Washington, D.C. and All U.S.
States
Except Louisiana
This is an e-mail from Baker & McKenzie - Tokyo Aoyama Law Office (Qualified
Joint Enterprise Offices).  The contents of this e-mail may be privileged and
confidential and are intended only for the use of the addressee.  No one else
may copy, forward, disclose or use all or any of it in any form.  If you are
not
an intended recipient, please notify us immediately (by reply e-mail) and
delete
this e-mail from your system. Thank you.

 - Enron-sm10.doc
Message-ID: <OFCF340DD0.8125722C-ON862569F9.008254E8@enron.com>
From: Susan.Musch@enron.com
To: Edwin.T.Whatley@bakernet.com
Cc: Paul.Davis@bakernet.com, Jeff.Blumenthal@enron.com,
Jane.McBride@enron.com
Subject: ISDA Schedules
Date: Wed, 21 Feb 2001 08:43:34 +0800
Return-Receipt-To: Susan.Musch@enron.com
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01C09D78.DAD2FA70"

Ed,

I am attaching the memo that you wrote last May on the Japanese tax
consequences of financially settled derivative transactions and physically
settled transactions.  I have also attached copies of current ISDA and
Credit Support Annex ("CSA") Schedules.  I need you to review the ISDA and
CSA Schedules and revisit and comment on your attached advice as necessary.

Also, I need you to give more specific advice with respect to collateral.
We generally take and give as collateral either cash or letters of credit.
We should assume that cash may be pledged in Dollars or Yen and that it may
be held in the US or Japan.

As always, I appreciate your help with this matter.  Would you please let
me know if you can provide comments by your close of business on Thursday?

Best regards,
Susan

(See attached file: ISDA Schedule - Japan.doc)(See attached file: CSA -
Japan.doc)

---------------------- Forwarded by Susan Musch/ENRON_DEVELOPMENT on
02/20/2001 05:54 PM ---------------------------

Edwin.T.Whatley@BAKERNET.com on 05/11/2000 04:38:03 AM

To:   smusch@enron.com
cc:   Paul.TYO.Davis@BakerNet.com, Yukinori.Watanabe@BAKERNET.com,
      Jeremy.Pitts@BAKERNET.com, Shimon.Takagi@BAKERNET.com,
      Kohji.Mori@BAKERNET.com, Shinichi.Kobayashi@BAKERNET.com

Subject:  Enron Online

Dear Susan:

Please see attached.  Best regards, Ed

Edwin.T.Whatley@bakernet.com
Phone: 81-3-3796-5857 Fax:81-3-3479-4224
Registered in Japan as an Attorney at Foreign Law;  Jurisdiction of
Primary
Qualification--California; Designated Law--Washington, D.C. and All U.S.
States
Except Louisiana
This is an e-mail from Baker & McKenzie - Tokyo Aoyama Law Office
(Qualified
Joint Enterprise Offices).  The contents of this e-mail may be privileged
and
confidential and are intended only for the use of the addressee.  No one
else
may copy, forward, disclose or use all or any of it in any form.  If you
are not
an intended recipient, please notify us immediately (by reply e-mail) and
delete
this e-mail from your system. Thank you.

(See attached file: Enron-sm09a.doc)

 - ISDA Schedule - Japan.doc
 - CSA - Japan.doc
 - Enron-sm09a.doc


Regulatory Approval:

1)  Buyer represents that no approval or consent is required from any state
commission for the proposed acquisition and related financing (collectively,
the "Transaction").

2)  Buyer represents that it will use its best efforts to obtain any
necessary authority under the Public Utility Holding Company Act of 1935.  In
this regard,

a) Buyer will limit its request for authorization under the 1935 Act to that
reasonably needed to close the proposed Transaction, such request to be
consistent with any existing conditions or restrictions under the 1935 Act
for Buyer and its associate companies; and

b) Buyer undertakes that it will not seek a modification of its limit on
"aggregate investment" pursuant to Rule 53 under the 1935 Act in connection
with its request for authority under the 1935 Act for the proposed
Transaction.

Timing

Sam thinks you should give them 30 days to file the FERC application.

On the SEC side, we should ask for an initial draft within 10 days and it's
probably okay to ask them to file the 1935 Act application within 20 days.

Does that cover what you need from me now?

Thanks

Joanne


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 11/14/2000
02:57 PM ---------------------------

"Tom Lenhart" <tlenhart@corealty.com> on 11/14/2000 01:46:02 PM
To: <jshana12@hotmail.com>
cc: <matthew.lenhart@enron.com>, <debbielatham@realtor.com>,
<tclupinski@dpdenver.com>, <llschultz3@aol.com>

Subject: Sorry, I keep getting these things.

-----Original Message-----
From: Brenda Mosley [mailto:bmosley@corealty.com]
Sent: Tuesday, November 14, 2000 1:13 PM
To: Tambra Lupinski; Tom Lenhart; J'Shana Farley; Annette Williams;
Monica Rene Quinn
Subject: FW: FW: THIS IS SCARY!!! DO IT!!

-----Original Message-----
From: Franklin, Niecie [mailto:Niecie.Franklin@marriott.com]
Sent: Tuesday, November 14, 2000 10:18 AM
To: bmosley@corealty.com; mreneq456@aol.com; Brandy Sawyer; Carla
Coleman; Chris Maston; Jennifer Kadel; Kevin Duncan; Lila MacKinney;
Peter Gerling; Shauna Betschart; Tricia Fox; Virginia Glavan
Subject: FW: FW: THIS IS SCARY!!! DO IT!!

-----Original Message-----
From: Shawn_Grandberry@r1.fws.gov [mailto:Shawn_Grandberry@r1.fws.gov]
Sent: Tuesday, November 14, 2000 9:35 AM
To: ddarmstrong16@hotmail.com; Boyd.Nyle@broadband.att.com;
QXIO@AOL.COM; zoltan_chancy@hotmail.com; jaymeson@blackplanet.com;
Zanetha.Evans@Notes.airtouch.com; nannysasa@aol.com;
Niecie.Franklin@marriott.com; lhibbert@usa.net; phadrea_ponds@usgs.gov
Subject: Fwd: FW: THIS IS SCARY!!! DO IT!!

Why Not receive Junk Mail

Subject:    THIS IS SCARY!!! DO IT!!

    > >
    > The Phone Will  Ring Right After You Do This. . .
    > Just read the  little stories and make a wish.
    > Scroll all the  way to the bottom and there is
    > alittle
    > message
    > there -then
    > do  it. No attachment on this one.
    >
    >
    > I'm 13 years  old, and I wished that my dad would
    > come
    > home from  the army,
    > because he'd  been having problems with his heart
    > and
    > right leg. It  was
    > 2:53 p.m.
    > that  I'd made the wish. At 3:07 p.m. (14
    > minutes
    > later),  the
    > doorbell rang,  and there he was,
    > luggage and all!!
    > Katie
    >
    >
    > I'm 20 and I've  been having trouble in my job and
    > on
    > the verge of quitting.
    > I made
    > a simple  wish that my boss would get a new job.
    > That was a  1:35
    > and at
    > 2:55  there was
    > an announcement that he was
    > promoted.
    > Lisa
    >
    >
    > Believe me...  this really works!! Just scroll down
    > to
    > the end,  but while you do,  make a wish.
    > Whatever age you are, is
    > the number of  minutes it
    > will take for  your wish to come true (ex.
    > you are
    > 15 years old, it  will take 15 minutes for  your wish to come
    > true). If you don't send this to people in 5  minutes, you
    > will have
    > bad luck for years!!
    > Go!!!!!!
    > *
    > **
    > ***
    > ****
    > *****
    > ******
    > *******
    > ********
    > *********
    > **********
    > ***********
    >
    > ************
    > *************
    > **************
    > ***************
    > ****************
    >
    > *****************
    > ******************
    > *******************
    > ********************
    > *********************
    > **********************
    > ***********************
    > ************************
    >
    > *************************
    > **************************
    >
    > ***************************
    > ****************************
    >
    > *****************************
    > ******************************
    >
    > *******************************
    > ********************************
    >
    > *********************************
    > **********************************
    >
    > ***********************************
    > **********************************
    >
    > *********************************
    > ********************************
    >
    > *******************************
    > ******************************
    >
    > *****************************
    > ****************************
    >
    > ***************************
    > **************************
    >
    > *************************
    > ************************
    > ***********************
    >
    > **********************
    > *********************
    > ********************
    > *******************
    > ******************
    > *****************
    > ****************
    > ***************
    > **************
    > *************
    > ************
    > ***********
    > **********
    > *********
    > ********
    > *******
    > ******
    > *****
    > ****
    > ***
    > **
    > *
    > **
    > ***
    > ****
    > *****
    > ******
    > *******
    > ********
    > *********
    > **********
    > ***********
    > ************
    > *************
    >
    > **************
    > ***************
    > ****************
    > *****************
    >
    > ******************
    > *******************
    > ********************
    > *********************
    > **********************
    > ***********************
    > ************************
    >
    > *************************
    > **************************
    >
    > ***************************
    > ****************************
    >
    > *****************************
    > ******************************
    >
    > *******************************
    > ********************************
    >
    > *********************************
    > **********************************
    >
    > ***********************************
    > **********************************
    >
    > *********************************
    > ********************************
    >
    > *******************************
    > ******************************
    >
    > *****************************
    > ****************************
    >
    > ***************************
    > **************************
    >
    > *************************
    > ************************
    > ***********************
    >
    > **********************
    > *********************
    > ********************
    > *******************
    > ******************
    > *****************
    > ****************
    > ***************
    > **************
    > *************
    > ************
    > ***********
    > **********
    > *********
    > ********
    > *******
    > ******
    > *****
    > ****
    > ***
    > **
    > *
    > **
    > ***
    > ****
    > *****
    > ******
    > *******
    > ********
    > *********
    > **********
    > ***********
    > ************
    > *************
    >
    > **************
    > ***************
    > ****************
    > *****************
    >
    > ******************
    > *******************
    > ********************
    > *********************
    > **********************
    > ***********************
    > ************************
    >
    > *************************
    > **************************
    >
    > ***************************
    > ****************************
    >
    > *****************************
    > ******************************
    >
    > *******************************
    > ********************************
    >
    > *********************************
    > **********************************
    >
    > ***********************************
    > **********************************
    >
    > *********************************
    > ********************************
    >
    > *******************************
    > ******************************
    >
    > *****************************
    > ****************************
    >
    > ***************************
    > **************************
    >
    > *************************
    > ************************
    > ***********************
    >
    > **********************
    > *********************
    > ********************
    > *******************
    > ******************
    > *****************
    > ****************
    > ***************
    > **************
    > *************
    > ************
    > ***********
    > **********
    > *********
    > ********
    > *******
    > ******
    > *****
    > ****
    > ***
    > **
    > *
    >
    >
    >
    > STOP!!!!!!!!
    > Congratulations!!!!!!!!!!!!!!!!!
    > Your wish
    > will  now come true in your age minutes!!
    > Now
    > follow this  carefully.... it can be very
    > rewarding!!!! If  you send this
    > to 10 more people, other
    > than the 5
    > that youalready  have to send to,
    > something major that you*ve been
    > wanting will
    > happpen
    >
    >
    >
    > __________________________________________________
    > Do You Yahoo!?
    > Thousands of
    > Stores.  Millions of Products.  All in one Place.
    > http://shopping.yahoo.com/ <http://shopping.yahoo.com/>
<<http://shopping.yahoo.com/ <http://shopping.yahoo.com/> >>
    >


Hi Stinson, I have sent an e-mail to Martin to give him heads up on what to
expect in terms of transition.  I have talked to Jim about this and we are in
agreement on the following schedule for Martin.

First two week  Martin will just read up stuff and get up to speed. I have
suggested some reading material. If you guys can do the same.

I'll set up a meeting for all of us with Jim.  Jim and I will draft a game
plan document to outline major areas of work that we need to support from the
traffic engineering perpective (this will involve our OR guys, Stinson and
I).  Martin will be on Jim's team supporting general Network Planning
(through this work I am doing right now for project Hamachi, I will support
Jim on other similar initiatives) projects.  Martin will work with Jim and me
on this.  Stinson, I will e-mail a draft of our game plan once I have
something on paper.  After that we can distribute the document to Tom
Gros/Jean Mrha (trading) and Ted Seitz for information.

Ravi.

	Stinson Gibner@ECT
	02/29/00 01:57 PM

		 To: Ravi Thuraisingham/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc:
		 Subject: Martin Lin support for Jim
Ravi:

Since you are spending time with Jim Irvine, can you find out what Martin Lin
needs to do to start coming up to speed in supporting Jim?   Martin is ready
to transition, but needs to find out what he will be working on.   Will Jim
be in Houston anytime soon or should Martin go to Portland to talk to him,
etc...

--Stinson


Here it is...

Hi Brandon,
Thanks for your interest in a Google advertising program. If you would send
me your phone number I will call you to explain a little more about the
Google advertising program and opportunities for Enron.
Best regards,
John

~~~~~~~~~~~~~~~~~~~~~~~~~~
John DiCola
Google, Inc.
Regional Sales Manager
401 North Michigan Avenue
Chicago, IL. 60611
P 312-840-8285
F 312-840-8201
jdicola@google.com
www.google.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~