Team Enron -  I spoke with Lisa this morning regarding her comments to the GE
language, the substance of which follows. I  can discuss this on the call
with GE, but I wanted the Enron participants to know what our issues are.

1) Assignment  - Generally, if GE is going to require that we list all the
possible assignees, the list should be broad enough to encompass the
possibilities.  The comments below are designed to help make the language as
broad and flexible as possible.  It would be best if we did not have to list
them.

 A. 22.2(iii) and (iv) -  we need to make sure that the definition of
"Facility" will be generic enough to cover any facility, not merely the
one(s) which may be the subject of the particular agreement - also generally
we will need to vet any defined term used in our sections to make sure it
does not result in greater restriction than we planned ;

 B. I think we can remove the bracket before 22.2 (iii)(2) and add
"Purchaser" to the list of folks who can agree to "convey a power plant
project."  Also in that clause, we will need to confirm required "timing" of
some power plant project development - does it mean only at the time of
signing the agreement?  It should be for any power plant project in
development either at the time of signing the agreement, or any project in
development in the future.   Insert the number 3 before the last "and" in
22.2(iii);

 C. The paragraph following 22.2(iv)(c) has references to "(v) and (vi)"
above, which are no longer in the list;

 D. The bold and bracketed language indicates that the terms of each of the
"Facility Agreements" should be in "strict conformity" with the Ts and Cs of
"this Agreement."   Although it is written in the context that there has been
an assignment, Lisa wants to make sure that there is no expectation on GE's
part that an Enron entity will necessarily remain as the "Agent."  Also, the
language indicates that the assignee and the vendor will enter into an
indemnity provision in the Facility Agreement that is in accordance with
Exhibit E  (last sentence).  Does this still work given that the indemnity
now runs only to the Purchaser?

2) Limitation of Liability - 27.2 and 27.3  We may need to explain to the
Enron accountants and AA that the reference to "indemnity" in these sections
does not create a separate indemnity obligation on Enron's or WLB's part.

3) Is the phrase "cognizant government" in 20.2(b) meant to apply to a
governing body with jurisdiction over the Seller and/or Purchaser?

Thanks,

Rose


One of Travel Agency in the Park's major phone lines has been damaged due to
downtown construction.  The line is currently being repaired with an
estimated down time of approximately 4-6 more hours.  Calls are currently
being routed to 713-853-4801 and 713-345-5164.  We will send additional
notification if this problem persists.  We apologize for any inconvenience.


FYI

Hal McKinney
work: (713)345-3707 (voicemail)
pager: (713)288-3577
cell: (281)773-7982  (voicemail)

Louisiana Phone (337)583-2470


Sara - I reviewed it last night, and it looks fine.  The only problem is that
it's a limited partnership and I need to talk to you about how we deal with
authority issues, etc. in those situations.  Give me a call.  Frank

	Sara Shackleton@ECT
	05/29/2001 06:18 PM

		 To: Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Mike Curry/Enron@EnronXGate
		 Subject: FW: Frontera - ISDA Agreement

Frank:  I know you just received the credit worksheet.  Can you give Mike
Curry some idea of when the ISDA can be sent?  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/29/2001 05:55 PM -----

	Mike Curry/ENRON@enronXgate
	05/29/2001 05:44 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Frontera - ISDA Agreement

Now that you have received the credit worksheet from Paul, what is the
status/timeline of getting an ISDA agreement I can forward to the customer?
Thanks for your assistance with this, - Mike

 -----Original Message-----
From:  Portz, David
Sent: Tuesday, May 15, 2001 5:19 PM
To: Shackleton, Sara
Cc: Curry, Mike
Subject: Frontera - ISDA Agreement

Sara-- Are you still the swaps lawyer to assist with this?  If not, would you
pass it to the person who can help Mike Curry with this?  Thanks.

----- Forwarded by David Portz/HOU/ECT on 05/15/2001 05:11 PM -----

	Mike Curry/ENRON@enronXgate 05/15/2001 04:47 PM 	   To: David
Portz/HOU/ECT@ECT  cc:   Subject: Frontera - ISDA Agreement

David, We want to be able to start performing financial trades with Frontera
so could you please prepare an ISDA Agreement for their review.  Thanks, -
Mike


I was out on vacation last week, so I just now received this.  I'll give it a
look.

Kay

"Miller, Millicent - CHI" <millicent.miller@piperrudnick.com> on 11/21/2000
07:46:33 PM
To: "'fred.mitro@enron.com'" <fred.mitro@enron.com>,
"'rusty.stevens@enron.com'" <rusty.stevens@enron.com>, "'kay.mann@enron.com'"
<kay.mann@enron.com>, "'kathleen.carnhan@enron.com'"
<kathleen.carnhan@enron.com>
cc: "Way, Karen S. - CHI" <karen.way@piperrudnick.com>

Subject: Titan-Schaffer

 <<Schaffer Letter.DOC>>   <<titan-schaffer memorandum of option.WPD>>
<<REDLINED OPTION TO PURCHASE-SCHFFER.DOC>>   <<Titan-Schaeffer Option.DOC>>

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________

 - Schaffer Letter.DOC
 - titan-schaffer memorandum of option.WPD
 - REDLINED OPTION TO PURCHASE-SCHFFER.DOC
 - Titan-Schaeffer Option.DOC


Phillip
My interpretation of this is that we made $1.2Bn total, half from new deals and the other half from reserve releases, and when you back out the prudency release you get back to zero net curve shift for 2001, which is what the original file had (approximately)
Optics aren't good
DP

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Monday, December 10, 2001 5:22 PM
To:	Port, David
Subject:	FW: Gas P&L by day

 -----Original Message-----
From: 	Jones, Brad
Sent:	Monday, December 10, 2001 5:00 PM
To:	'daniel.mcdonagh@chase.com'; Allen, Phillip K.; 'pallen70@hotmail.com'
Cc:	Hayden, Frank; Gossett, Jeffrey C.
Subject:	Gas P&L by day

Attached is the information you have requested.

Thanks,
Brad Jones


FYI:
Barry had an abnormal stress test result  and was referred to a cardiologist.   He called me tonite to let me  know that the new   scan came out normal. Although he is very  careful about his food, his triglcs and chlosterol are  still  high...those Mayers genes again.

Sara also had an appt with a cardiologist  today.  She has been having arryrhyimia ( sp?)...abornal heart beat.   She is now wearing a heart monitor for the next month, having blood work done,  etc.  Sounds like perhaps  a valve problem.  Serious enough for  sure, but sounds like she is in good hands and this is not something that would  cause a heart attack ( dr's words) .  I have not had time to look it up on  the net nor call Jessie, but plan to do both.  Will keep you posted.   Needless to say, she is pretty scared at the moment.
Darnell


Dear Mr. Lay:

We are an exciting venture in healthcare in our seed round of funding and
would like to speak to you in further detail about our project.  We would
like to setup a meeting at your convenience and get your thoughts on MMF.
Attached are brief highlights regarding our advisors, investors and
founders.

Best Regards.

Nathan Capoor and Steve Laumas.
MMF Systems, Inc.
Tel: 212 593 0916
Fax: 212 412 9025
Email: sl@mmf.com or nc@mmf.com
www.mmf.com
445 Park Ave., Suite 900
New York, NY 10022

MyMedicalFiles is a powerful new service for consumers to educate and
improve their health through access to their medical information .  MMF
provides a breakthrough technology and business model to access and manage
ones medical files as well as educate oneself through personalized content.
MMF improves patient care by allowing physicians to easily input key patient
medical information, which is useful for us, our parents and our kids.

Investors
Rajat Gupta - CEO, McKinsey & Co.
Tarrant Venture Partners - David Bonderman (CEO, Texas Pacific Group)
Russ Warren, M.D. - Surgeon-in-Chief, Hospital for Special Surgery
David Boies - Leading litigator
Eddie Trump - CEO, Trump Group
David Schwartz - Leading architect
Ropes & Gray II, L.P.

Advisors
Paul Verkuil ) Healthcare and administrative law expert, Chairman, MMF
Systems, Inc.
Richard Rockefeller, M.D. ) Medical informatics; Board Member, Rockefeller
University
Paul Marks, M.D. ) ex-CEO, Memorial Sloan-Kettering; Board Member, Dreyfus,
Pfizer
Russ Warren, M.D. ) Surgeon-in-Chief, Hospital for Special Surgery (HSS)
Dr. Bruce Vladeck ) ex-Head of HCFA (Healthcare Financing Administration)

Founders
Steve Laumas, M.D. ) Business development/Financial, Goldman Sachs, Pfizer
Nathan Capoor, M.D. ) Business development/Legal, CS First Boston, Pfizer


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/08/2000
04:58 PM ---------------------------

Steven E Shreve <shreve@matt.math.cmu.edu> on 09/07/2000 04:44:33 PM
To: Vince.J.Kaminski@enron.com
cc: ps5@andrew.cmu.edu
Subject: Visit to Carnegie Mellon

Dear Dr. Kaminski:

Pierre Ste-Marie tells me he has invited you to visit Carnegie Mellon.  I
would just like to emphasize how much we hope you can arrange a visit.  We
have had the good fortune of attracting outstanding students into our
Master's program in Computational Finance, and I think you will enjoy
meeting them.  Last year Alexander Eydeland visited, and at the conclusion
of the year hired one of the students.  I look forward to meeting you.

Sincerely yours,
Steve Shreve

Steven E. Shreve
Department of Mathematical Sciences
Carnegie Mellon University
Pittsburgh, PA  15213-3890

E-mail: shreve@cmu.edu
Direct Telephone: 412-268-8484
Department Telephone: 412-268-2545
Fax: 412-268-6380


As a follow-up to our conversation in London when you said I should bring to
your attention any concerns I might have with financial trading issues, the
following has recently come up as an issue here in Houston (and does so from
time to time).   We will, in fact, be discussing it at our group meeting next
week.   I spoke to Edmund about it when I was there in London, but in light
of the recent Canadian form problems and the resulting concerns of Mark
Haedicke with the integrity of our forms, I thought I should bring this your
attention.

 One of our continuing concerns on the financial trading side is that every
financial trading lawyer/paralegal work from the centrally approved forms.
The Houston forms are currently located in a "read-only" directory.  We need
to be careful that users copy the forms out of the directory each time they
use the form.  Copying the form into a personal directory for ease of use
creates issues with people working from outdated base forms, or having forms
evolve without  approval.

Another way forms get changed without going through the approval process is
when an attorney tells the paralegals to make a change in every swap
agreement they approve.  It counts as a form change, not a negotiation
change, if you make it in every agreement.

Ultimately our goal is to centralize the forms in a database easily
accessible to all of us on a global basis (this is a central and critical
component of the Fishkin Project).

Thanks for your attention to this.


Jeff,

My colleague Joel Schwartz and I are looking for a concise summary of
the typical siting/permitting process for a plant in California,
including steps in the process, number of agencies, and average length.
Any ideas?

Thanks again for your great remarks last Friday; I really appreciated
them.

Regards, Lynne

--
Lynne Kiesling, Ph.D.
Director of Economic Policy
Reason Public Policy Institute
www.rppi.org
lynnek@rppi.org
RPPI is a non-partisan public policy think tank promoting choice,
competition, and a dynamic market economy as the foundation for human
dignity and progress


THE SOURCE
The eSource Bulletin	October 2001
COMPANY INFORMATION
?	Looking for a company's?.?
Business Description	Executives/Bios	Financials
Facilities	Competitors	Subsidiaries
SIC Codes	Government/SEC Filings	Lawsuits
Global Securities	Public Records	Commodity Pricing
Technical Publications	Intellectual Property	News
Credit Reports	Economic Analysis	Global Industries
Market Research Reports	Analyst Reports	Strategic Alliances/JVs
Global Credit Ratings	Mergers & Acquisitions	Syndicated Loans
Restructures	Corporate Governance	Venture Capital

Information is available for public, foreign and private companies on a real-time, historical and forecast basis.
?	Where do I look for general information on a company?  Company website, Hoovers, Dow Jones Interactive, Nexis-Company Dossier, Yahoo market guide
?	Where are corporate financials or equity information?  SEC filings (10-K, 10-Q), Analyst reports, Global Disclosure, Dunn & Bradstreet*, Million Dollar Database*, Bloomberg*, Firstcall*, investex*, Multex*
?	Where can I find a company's credit rating?  Standard & Poors' , Moody's and Fitch
?	I cannot find any information on a company, why not?
1.	Check the spelling of the company name
2.	The company is a subsidiary and/or its parent is a foreign entity (non US)
3.	It may be a Private Company (information is not readily available)
4.	Contact eSource (http://esource.enron.com/RequestSearch.asp)  with your detailed request.
	Web Sources	Proprietary Databases
General:	Bloomberg
www.yahoo.com	Dialog
www.fool.com	Dun & Bradstreet
www.redherring.com	FactSet
www.corporateinformation.com	FirstCall
www.allbusiness.com	FIS Online
www.moneycentral.msn.com	Global Access
General (need password): 	Hoover's
www.hoovers.com	Investex
www.djinteractive.com	MillionDollarDatabase
www.nexis.com	Moody's
Financial:	Multex
www.areport.com	SDC
www.sec.gov	Standard & Poors
www.financials.com	Skyminder
www.tenkwizzard.com	LiveEdgar
www.usatoday.com

*Fee-based, available through eSource: 713-853-7877
Check out these and other great web sources at http://esource.enron.com


received your phone message, call me on thurs.

BT

 -----Original Message-----
From: 	Mahabir, Alisha
Sent:	Friday, October 26, 2001 5:15 PM
To:	Tycholiz, Barry
Cc:	Nemec, Gerald; Perlingiere, Debra
Subject:

Barry,

My name is Alisha Mahabir and I have been working on negotiating the MGI/ENA GISB.  I have been in contact with Lourdes Cervantes at MGI; her phone number is 525-232-5990.  There are still a few issues left to be resolved before we can proceed with the execution of this document.  Per Geral Nemec's request, I will outline these changes as they are addressed in Exhibit B to the GISB that was sent over by Lourdes.

Initially I want to note that some changes must be made to the front page of the GISB.  MGI has previously agreed to allow ENA to be the confirming party under Section 2.5.  Additionally, there have been a few problems with allowing payment to be made on the 30th day of the month.  It appears that MGI has been construing this provision broadly so as to make payment on the 2nd day of March after a short month in February.  Thus, we would like Section 7.2 to read "30th day or, for the Month of February, on the last day of the Month".

As for Exhibit B, the changes are as follows:

#4 The words "or interruptible" should be deleted from this provision.  The interruptible language conflicts with the ability to do 30 day firm deals under this contract.

#11 This provision deals with when notices are deemed received.  The provision as written provides that notice by first class mail is deemed received 2 business days after mailing.  MGI would like to change this to allow for receipt to mean actual receipt.  Lourdes told me that she will check to see whether the change can be stricken or at least to extend 2 business days to 3 business days.

#12 (a) MGI has agreed to strike the term "letter" from the requirement that the Parent issue a guarantee should doubt arise as to Enron's ability to pay.
      (b)  Originally the GISB provides that a contract can be terminated without prior notice should certain conditions be met.  MGI wants to change this to require the parties to provide 48 hours notice.  Lourdes told me that she would check to see whether this could be changed to 24 hours prior notice.

#16  The language designating ICC is acceptable, however any redundant language should be stricken.

If this memo is at all unclear, please feel free to call me.  My extension is 52722.

Alisha Mahabir


no

 -----Original Message-----
From: 	Nelson, Cheryl
Sent:	Tuesday, October 30, 2001 6:24 AM
To:	Shackleton, Sara
Subject:	FW: Re: ISDA Master Agreement for Cargill International, S.A.

Hi Sara, I am following up to see if you were able to get back to her?
 -----Original Message-----
From: 	Mara_Alexander@cargill.com@ENRON [mailto:IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, September 26, 2001 1:17 PM
To:	Nelson, Cheryl
Cc:	Shackleton, Sara
Subject:	RE: Re: ISDA Master Agreement for Cargill International, S.A.

Cheryl/Sara,
I hope that after recent events we find you and yours all well.

We are still looking for information as to how we should proceed
in initiating an ISDA Master Agreement between Enron Capital &
Trade Resources International Corp. Cargill International, S.A.
("CISA").  Could someone kindly advise?

Thanks,
Regards,
Mara Alexander
Sr. Documentation Analyst
Cargill, Incorporated
Tel: 952.984.3417
Fax: 952.984.3872
e-mail: Mara_Alexander@Cargill.com

-----Original Message-----
From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
Sent: Wednesday, August 29, 2001 6:54 PM
To: IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@enron.com
Cc: Sara.Shackleton@enron.com
Subject: RE: Re: ISDA Master Agreement for Cargill International, S.A.

Sara, I am out on vacation so can you advise Mara on how to proceed?
Thanx.

    -----Original Message-----
   From:   Mara_Alexander@cargill.com@ENRON

[mailto:IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@ENRON.com]

   Sent:   Monday, August 27, 2001 8:06 AM
   To:     Nelson, Cheryl
   Subject:  RE: Re: ISDA Master Agreement for Cargill International,
S.A.

   Cheryl, I have no contact in London.  Can you tell me to whom I
should
   be speaking?

   Thanks,
   Mara

   -----Original Message-----
   From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
   Sent: Friday, August 24, 2001 4:44 PM
   To: IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@enron.com
   Subject: RE: Re: ISDA Master Agreement for Cargill International,
S.A.

   Mara, my notes indicate otherwise -- that you had decided to talk to
a
   contact in London.  If that is no the case, let me.

       -----Original Message-----
      From:   Mara_Alexander@cargill.com@ENRON

[mailto:IMCEANOTES-Mara+5FAlexander+40cargill+2Ecom+40ENRON@ENRON.com]

      Sent:   Friday, August 24, 2001 1:10 PM
      To:     Nelson, Cheryl
      Subject:  FW: Re: ISDA Master Agreement for Cargill International,
   S.A.

      Hi Cheryl,

      I haven't had a response to our queries about putting in place an
   ISDA
      between Enron Capital & Trade Resources International Corp. and
our
      Geneva affiliate, Cargill International, S.A. ("CISA").  We've
been
      trying to get negotiations started since January; I was hoping you
      could direct me to the appropriate party to contact at Enron so
that
      we can get things moving on this ISDA?

      Many thanks,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com

************************************************************************
      This message is meant to be read only by the recipient(s) listed
   above.
      Information in this message may be confidential and protected by
      privilege.  If you receive this e-mail by mistake, please delete
all
      versions and contact Mara Alexander at the above location.

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

      -----Original Message-----
      From: Alexander, Mara /xtwn
      Sent: Wednesday, May 30, 2001 8:41 AM
      To: 'Cheryl.Nelson@enron.com'
      Subject: RE: Re: ISDA Master Agreement for Cargill International,
   S.A.

      Dear Cheryl,

      I've again had inquiries from our Geneva affiliate, Cargill
      International, S.A. ("CISA") regarding an ISDA Master Agreement
      with Enron Capital & Trade Resources International Corp.  Are
      you still the attorney who would be handling this Agreement?
      If not, could you kindly advise whom I should contact?

      I assume that Enron would prefer to send the initial draft
      documents.  If this is the case, please note that CISA enters
      into its ISDA Master Agreements without benefit of a Credit
      Support Provider or a Credit Support Annex.  Regarding their
      administrative details, their address is:
         Cargill International S.A.,
         14 chemin De-Normandie,
         1206 GENEVA, Switzerland,
      Mailing address:
         P.O. Box 383,
         1211 GENEVA 12,
         Switzerland
         Attention:     Energy Swaps Administration,
                   David Merrilees
         Telex No.:     422893  TRX CH
         Tel. No.:      (41) 22/703 2113
         Fax No.:  (41) 22/703 2122

      Process Agent (under English law):
         Cargill Financial Markets PLC
         Knowle Hill Park
         Fairmile Lane, Cobham
         Surrey, KT11 2PD ENGLAND
         ATTN:  Legal Department.

      Please let me know if you have any questions, or if there is
      anything we can do to help facilitate the onset of negotiations.

      Best Regards,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com

      -----Original Message-----
      From: Alexander, Mara /xtwn
      Sent: Thursday, February 08, 2001 10:08 AM
      To: 'Cheryl.Nelson@enron.com'
      Subject: RE: Re: ISDA Master Agreement for Cargill International,
   S.A.

      Cheryl,

      Cargill International, S.A. confirms that they would like to put
an
      ISDA Master Agreement in place with Enron Capital & Trade
Resources
      International Corp.   This is the Enron entity with which they're
      doing all of their petroleum derivatives trading.

      Thanks again for looking into this matter.  Please let me know if
      you should have any further questions.

      Regards,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com

      -----Original Message-----
      From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
      Sent: Wednesday, February 07, 2001 2:38 PM
      To: alexander, mara /xtwn
      Subject: RE: Re: ISDA Master Agreement for Cargill International,
   S.A.

      Mara,

      The answer may turn on a key question.  What products would be
      traded?Where
      are the trades going to come from?

      Cheryl Nelson
      Senior Counsel
      EB3875
      (713) 345-4693

                          Mara_Alexander@c

                          argill.com              To:
      Cheryl.Nelson@enron.com
                                                  cc:

                          02/02/2001 11:08        Subject:     RE: Re:
ISDA
      Master Agreement for
                          AM                      Cargill International,
   S.A.

      Thank you!  Let me know if/when you need anymore info.

      Rgds,
      Mara

      -----Original Message-----
      From: Cheryl.Nelson@enron.com [mailto:Cheryl.Nelson@enron.com]
      Sent: Friday, February 02, 2001 10:53 AM
      To: alexander, mara /xtwn
      Subject: Re: ISDA Master Agreement for Cargill International, S.A.

      Sara, I had already begun to look into this so I can take care of
it.

                          Mara_Alexander@c

                          argill.com              To:
      Cheryl.Nelson@enron.com,

Sara.Shackleton@enron.com

                          02/02/2001 07:34        cc:
      Edward.Sacks@enron.com
                          AM                      Subject:     ISDA
Master
      Agreement
                                                  for Cargill
   International,
      S.A.

      Dear Sara & Cheryl,

      I have been asked by our affiliate in Geneva, Cargill
      International, S.A. ("CISA"), to begin negotiations for
      them on an ISDA Master Agreement with Enron.

      There had been some question as to which Enron entity
      was to enter into an ISDA with CISA, but the latest
      information they had (possibly from someone in an Enron
      office in London?) was that it should be Enron Capital
      & Trade Resources International Corp.  FYI, Cargill
      International, S.A. is located and incorporated in Geneva.

      Could you kindly advise whom I should be contacting to
      confirm this is indeed the proper Enron entity and with
      whom I should be speaking to begin negotiations?  Please
      also let me know if there is anything that needs to be
      done from a Credit or Trading perspective in order to
      get this ISDA started on Enron's part.

      Thanks and Regards,
      Mara Alexander
      Sr. Documentation Analyst
      Cargill, Incorporated
      Tel: 952.984.3417
      Fax: 952.984.3872
      e-mail: Mara_Alexander@Cargill.com

**********************************************************************
   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.

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


I am in London this week and have picked up your message with the
attachment.  If you could let me know what it is that you are trying to do
with this, then I will be glad to help you where I can.  Are you trying to
create  a job description to be used to search for a local candidate in
Japan?  Do you need a job description for internal purposes to create a
position on the Tokyo team?  Is this a job description that you want to use
in discussions that we may have with Eugenio Perez in a start up role for the
risk books?  These three options would all require slightly different
descriptions of the role, so it would be helpful to know how you will use
this.

Please let me know and I will be glad to work on this for you.


I will be out the 17th and 18th.

	Pat Radford
	07/31/2000 04:35 PM

		 To: Roger Balog/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, Ann Elizabeth
White/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT, Eric
Gillaspie/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT
		 cc: Erica Braden/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT, Jenny
Helton/HOU/ECT@ect, Taffy Milligan/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT
		 Subject: August Calendar

Please send me any dates you plan to be out of the office during the Month of
August.


Rick,

Attached are the above documents marked to reflect the latest comments from
you in your e-mail dated September 27, 2000.  Please call if you have any
questions.

Regards,

Clement

GUARANTEE:

OPINION:


In Washington DC.

Get Des to set up appointments


Below is the link that will give you access to the referenced database.  Call
me a x33399 if you have any problems.

Link -->


Neither Mike nor I have interviewed Scott before.  Our connection to Scott came through a very strong recommendation from our West-Power trading desk in Portland.  We are interested in Scott because his west power experience is directly related to the west gas market that Mike and I trade.

I don't mean to be a pain.  If this is unconventional, Mike and I will make seperate arrangements for Scott to meet with us.

Thanks
Keith

inal Message-----
From: 	Buckley, Karen
Sent:	Tuesday, October 16, 2001 5:34 PM
To:	Holst, Keith
Subject:	RE: Scott Freeman

Gee don't know about that keith... have you interviewed him before?

Karen.

 -----Original Message-----
From: 	Holst, Keith
Sent:	Tuesday, October 16, 2001 5:33 PM
To:	Buckley, Karen
Subject:	RE: Scott Freeman

Karen,

Mike Grigsby and I would really appreciate being two of the interviewers of Scott on the 29th if that's not to difficult to arrange.

Thanks

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Tuesday, October 16, 2001 5:29 PM
To:	Holst, Keith
Subject:	Scott Freeman

Hi Keith,

Just spoke with Scott with regard to the trading track.  He has been scheduled to interview.

Kind regards,

Karen.


Mark,
We are still waiting on comments from Dave Forster (he is currently in the
U.K.), but attached is the draft in its current form. I know that you wanted
to forward this to the legal team in New York this afternoon.
We will let you know if Dave wants to make any major changes.
Thanks and let us know if you have any questions.
Carl


Please see the attached revised drafts.  Please give me a call if you have
any questions.

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


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 01/08/2001
10:21 AM ---------------------------

Steve Jacobellis@ENRON
01/05/2001 03:17 PM
To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Associate rotation -- resume

Mr. Shively,

My resume did not attach to the last e-mail so I have resent it.  My
apologies.

Regards,

Steve Jacobellis


Start Date: 3/6/01; HourAhead hour: 23;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030623.txt


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

April 20, 2001 5:00pm through April 23, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:      SEE ORIGINAL REPORT

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:     SEE ORIGINAL REPORT

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:        ALSO SEE ORIGINAL REPORT
Impact:  CORP
Time:  Fri 4/20/2001 at  5:00:00 PM CT thru Mon 4/23/2001 at  8:00:00 AM CT
 Fri 4/20/2001 at  3:00:00 PM PT thru Mon 4/23/2001 at  6:00:00 AM PT
 Fri 4/20/2001 at  11:00:00 PM London thru Mon 4/23/2001 at  2:00:00 PM London
Outage:  SysAdmiral Maintenance
Environments Impacted:  SysAdmiral Users
Purpose: SysAdmiral terminal server icons on General Cluster will not be
available due to maintenance.
Once the maintenance is completed the icons will point to the new 2.3.11
production and development environments.
Backout:  None
Contact(s):  Rusty Cheves  713-345-3798

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:       SEE ORIGINAL REPORT

------------------------------------------------------------------------------
-----------------------------------------------
        FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management   (713) 853-5536
SAP/ISC
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


I'm home today (Michael has strep again), but I will check email and you can
call me at home.  This is a good start!  Bear with AR, and call me about
Barbara.  Sheila knows all she needs to know.

ckm

ps YIPPPEEE!!!!


Quick Inspirations 	 [IMAGE]  Home   [IMAGE]  [IMAGE]

[IMAGE] 	[IMAGE]   [IMAGE]   [IMAGE]  SimplyWireless.com  click here for details  click here for details  click here for details  click here for details  [IMAGE]    Dear Subscriber,   VoiceStream Authorized Dealer      CONGRATULATIONS!! You've been selected to receive a FREE VoiceStream Wireless Phone* from SimplyWireless.com!  Get your FREE Motorola T2282 Digital Cellular Phone (reg. $49.99) with new activation. Act now and you'll also get FREE FedEx Shipping!   Choose from great VoiceStream Wireless rate plans starting at $19.99 per  month! Use your wireless phone instead of your home phone for long distance calls - all plans include FREE long distance and FREE digital roaming!  Click here  to get your FREE phone!      SimplyWireless.com                *Subject to VoiceStream Wireless credit approval. Free phone available to new VoiceStream Wireless subscribers, or existing subscribers wishing to add a new line of service. Available to U.S. residents only. VoiceStream Wireless service not available in all areas. Analog roaming IS NOT available with VoiceStream Wireless service. Offer valid while supplies last. SimplyWireless.com reserves the right to substitute a comparable VoiceStream phone of equal or greater value for the phone offered in this advertisement. SimplyWireless.com is a VoiceStream  authorized dealer.                  This e-mail was sent to you by Quick Inspirations on behalf of SimplyWireless.com. You are receiving this e-mail because you registered with Quick Inspirations, and agreed at that time to receive special offers via e-mail. If you wish to unsubscribe from this list, simply click here  to be removed immediately.  [IMAGE]   Your inspirational quote for the day:  [IMAGE]     May Angels Keep You   [IMAGE]  May the angels light your morning,  And guide you through the night,   May they comfort all your sorrows,  May they help you win the fight.   May they keep watch over your soul,  And show you better ways,   May they guard you while you're sleeping,  And see you through your days.   May they calm your every fear,  And hear you when you shout,   May they show you bright new hopes,  And still your every doubt.    [IMAGE]     [IMAGE] Check out our other inspirational content: [IMAGE] [IMAGE]  Let Me Give [IMAGE]  [IMAGE]  [IMAGE]  Life [IMAGE]  [IMAGE]  [IMAGE]  Memory [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE] Visit QuickInspirations.com  [IMAGE] [IMAGE] [IMAGE]  [IMAGE]    To unsubscribe from the Quick Inspirations newsletter simply click here    You received this email because you opted to receive the Quick Inspirations Newsletter through one of our valued partners.  If you believe you received this message in error or would no longer like to receive quick inspirations please follow the unsubscription instructions at the bottom of this email.  If you have any questions please email qi-help@quickinspirations.com  and a customer service representative will assist you    [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  	[IMAGE]

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[IMAGE] 	Quick Inspirations is Copyright ? 2001. All rights reserved.  [IMAGE] [IMAGE] 	[IMAGE]


Hi Dale (& Vince),

I have now gathered everyone's views and the consensus is that we should hire
Sharad to work with me on front-office pricing and so we should proceed to
the offer stage.  As you can see his salary is o43,500 currently and he
appears to have a guaranteed bonus of o25,000 for next year.  He would join
for >o50,000 from my discussions with Alex Blair, the consultant.  He is very
interested in Enron, but is also talking to Morgan Stanley.  I discussed with
Vince, who recommended that Sharad should come in at the same level (rank) as
Kirstee Hewitt; I would also like to arrange for a direct reporting line to
me for Sharad.

Regards,

Anjam
x35383

P.S. Kate:  I have attached the agencies terms and conditions below:

---------------------- Forwarded by Anjam Ahmad/LON/ECT on 05/07/2000 16:21
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Alex Blair <Alex.Blair@alexmann.com>
05/07/2000 15:29

To: "'Anjam Ahmad'" <Anjam.Ahmad@enron.com>
cc:

Subject: Numbers

Anjam,
??????? as requested please find enclosed details on Sharad's numbers:
??????? Basic Salary : o40,000
??????? Car Allowance : o3,500
??????? (paid in Cash)
??????? Annual Bonus : o13,000 (this bonus was paid for ???????
99-00?? ??????? ??????? ??????? 8 mths work April-Dec)

Total o56,500

Sharad has been informed that his bonus payments for year 00-01 will be
floored at o25,000.? Sharad's expectations therefore are to receive a base
salary of between o57.5-o60K plus bonus.
I hope this is of use and ask that if you have any questions that you do not
hesitate to call.

Alex Blair
Senior Consultant
alex.blair@alexmann.com
Tel:0207 891 6671
Fax:0207 905 1313
Web: <http://www.alexmann.com>
"The Alexander Mann Group has a stated policy for the use of electronic
mail which is rigorously enforced throughout the Group. The contents of
this e mail should meet the requirements of the policy - if you would
like further details please forward this message to info@alexmann.com
<mailto:info@alexmann.com> or call 0207 242 9000.
The information contained in this electronic mail message is
confidential. It is intended solely for the use of the individual or
entity to whom it is addressed and others authorised to receive it. If
the reader of this message is not the intended recipient, you are hereby
notified that any use, copying, dissemination or disclosure of this
information is strictly prohibited."


This book request is complete. Please contact either Burton or myself if you
have any questions.

Thank you,
Susan
x3-1462


Attached is a draft press for Coburg Power regarding our decision not to renew our exclusivity agreement.  Any thoughts?

They do not have a planned release date yet, but we expect it to be sometime this week or next once they have received approval from us.

Eric


Kevin,

I can't remember the last time I was that relaxed!  On Sunday, Muggie asked
me in all seriousness if I had been smoking pot!

I spoke to a guy that said he spends 6-7k every 15-20k miles on ROUTINE
maintenance for his 911!  Unreal.  I have definitely scratched that one of
the list.

Looks like it is divorce court for this kid.  I can't believe it.  I am
actually disgusted by the whole affair.

How is that for an emotional swing in one email!

Have a great weekend!

Frank

> From: Kevin.Ruscitti@enron.com
> Date: Fri, 29 Sep 2000 10:35:58 -0500
> To: conway77@earthlink.net
> Subject: Re: <no subject>
>
>
> The one thing I remember is that they are incredibly expensive and somewhat
> troublesome
> to maintain.  Depending on how old it is, I definitely  wouldn't recommend
> it as your primary car.
>
> Hope you had a good time at the wedding.  It was one of the best weekends
> I've had in ages.
>
> Talk to you soon.
>
> Kevin
>
>


Looks complete to me.  No comments.

Best,
Jeff

	Paul Kaufman/ENRON@enronXgate
	05/15/2001 11:30 AM

		 To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Utilization of Mike Day

Rick, Jim and Jeff:  Here's a draft of the e-mail I intend to send to Sandy
and Mike re: use of Mike Day in Sacramento.  Let me know your thoughts.

It appears from talking with both of you that we have some confusion on how
we will contract for legal services to support or legislative efforts.
Hopefully this e-mail will clarify the process so there is no confusion in
the future and so that Mike can feel comfortable he is completing work that
is authorized and for which we have a budget.

1.  To begin, it appears that Goodin, MacBride has billings as of May 11 for
approximately $10,000 on direct access, windfall profits, the "Global
Settlement," Power Plant Siting.  We will cover these amounts because of the
apparent confusion with our budgeting and approval process.  The amounts
already incurred should be included in the RCRs discussed below.

2.  As we discussed yesterday, the work associated with the billings in May
was conducted without any RCR approval or any budget in place.  As you know
we terminated the two legislative retainers at the end of April.  No RCRs
were filed to cover the matters on which work was completed in May.

I did receive a budget on legislative matters on May 8.  However, a decision
was made only yesterday to proceed on a specific matter-by-matter basis; the
work in May should not have been undertaken while we considered whether to
proceed with an overall legislative budget or proceed with specific RCRs.  In
short, a proposed budget is not RCR approval.

3.  In the future, any work undertaken by Goodin MacBride should only be
conducted pursuant to an approved RCR.  If an emergency arises--i.e., an
issue arises that could not have been contemplated, then I should be
contacted before completing any work.  If I am unavailable, Jim Steffes
should be contacted.  If Jim is unavailable, then Rick Shapiro should be
contacted.   In this regard, I authorized Goodin MacBride to participate in
the Direct Access coalition meetings taking place today and tomorrow.  I also
authorized Goodin MacBride to participate in a telephonic conference on the
Calderon bill.  To the maximum extent possible, I expect that Mike will
include Leslie Lawner in future Direct Access meetings, legislative drafting
efforts, etc.

4.  If there is any confusion on whether there is RCR approval for a
particular matter, I should be contacted before undertaking an assignment.
If I am unavailable, Jim Steffes should be contacted.  If Jim is unavailable,
then Rick Shapiro should be contacted.  I can be reached through my office
line--503.464.7945, pager--888.916.2262, or cell phone 503.539.4733.  I wear
the pager at all times and respond immediately to messages left on the
pager.

5.  Today, Sandy is filing several RCRs for legislative support on Direct
Access, Siting, Windfalls Profits, and the Global Settlement.  They will be
considered at next Monday's RCR conference call.  If they are approved, Sandy
will manage the Goodin MacBride assignments associated with Direct Access,
Siting, and Windfalls Profits.

Jeff Dasovich will manage all work associated with the Global Settlement,
whether it is legislative or not.  This does not mean that Sandy cannot give
assignments to Goodin MacBride; it simply means that before that work begins
Jeff must approve the work.

This particular issue is a critical matter for our company.  Jeff is involved
in the strategy and business calls concerning this matter and is working on a
daily basis with Jim Steffes, Rick Shapiro and Steve Kean to develop our
position and advocate that position in the settlement discussions.  We must
ensure that our Sacramento efforts are fully coordinated with our strategy
and business interests (as they develop through the settlement
discussions).   To avoid any confusion on the scope of Jeff's responsibility,
I consider all legislation addressing the Edison MOU, any future MOUs with
Sempra, and "Plan B," to be part of the Global Settlement.

Please contact me if you have any questions regarding any of the above.  I
recognize that Sacramento is a difficult environment and that there is
substantial pressure on both of you.  However, we are under an obligation to
use our internal and external resources in the best and most cost-effective
manner.  The RCR process is designed to meet that responsiblity.


This year, remember Dad or that special Graduate with a gift subscription
to The Wall Street Journal Online.

Buy your gift today through a special arrangement with Amazon.com
(http://wsj.com/giftmail2001) and take advantage of our special rate -
just $49 for a one-year subscription.  That's $10 off the regular
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in an attractive WSJ.com Start-Up Kit gift package which includes an
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there be a more perfect gift?  Take advantage of this great offer today.
Go to: http://wsj.com/giftmail2001

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Journal and save as much as 43% off the cover price.  Go to:
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for The Wall Street Journal Online

You received this e-mail as a valued subscriber of The Wall Street Journal
Online. If you do not wish to receive promotional marketing notices in
the future, please reply to this e-mail and type UNSUBSCRIBE in the body
of your message.


lisa said she would play if she gets out of work on time.  i haven't been
able to get ahold of bryan.  i would doubt the other chick would play, but if
she does let me know what she looks like.


Want you to speak from 10:15 - 11:00
** Will be sending a letter this week (3/19/97)

Flew to Austin on company plane


EINSTEIN'S THEORY OF CAT BEHAVIOR
submitted by Stan Rockets
------------------------------------------------------------------------------
---------------
LAW OF CAT INERTIA - A cat at rest will tend to remain at rest,?
unless acted upon by some outside force, such as the opening of?
cat food, or a nearby scurrying mouse.?

LAW OF CAT MOTION - A cat will move in a straight line, unless?
there is a really good reason to change direction.?

FIRST LAW OF CAT ENERGY CONSERVATION - Cats know that?
energy can neither be created nor destroyed and will, therefore, use?
as little energy as possible.?

LAW OF BAG/BOX OCCUPANCY - All bags and boxes in a given?
room must contain a cat within the earliest possible nanosecond.?

LAW OF FURNITURE REPLACEMENT - A cat's desire to scratch?
furniture is directly proportional to the cost of the furniture.?

LAW OF CAT COMPOSITION - A cat is composed of Matter + Anti-
matter + It Doesn't Matter.?

LAW OF CAT OBEDIENCE - As yet undiscovered.


Kate & Monica, do you know when these will be changed in Enpower to reflect
the Dow Jones Index?

Thanks,

Kimberly Indelicato
---------------------- Forwarded by Kimberly Allen/HOU/ECT on 02/14/2001
01:41 PM ---------------------------

	Enron North America Corp.

	From:  Kimberly Allen                           02/08/2001 09:29 AM

To: Kate Symes/PDX/ECT@ECT
cc: Monica Lande/PDX/ECT@ECT
Subject: Re: Index forwards/swaps

Hey Ladies! Just wondering when these trades might be changed within Enpower?

Thanks,

Kimberly

   Kate Symes                02/06/2001 01:09 PM

To: Kimberly Allen/HOU/ECT@ECT
cc:
Subject: Re: Index forwards/swaps

Monica Lande also came up with a list of our outstanding deals with the PX.
It contains most of the same deals that are found in your spreadsheet, and a
few that aren't. Also, Bob Badeer has become the leader-by-default of this
"project." Let me know if you'd like me to talk with him about our progress
or have him call you. I'm not sure how involved you are, or how involved
you'd like me to be, but I thought I'd keep you up to date on the happenings
over here. Again, please let me know how I can help.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 02/06/2001 11:05 AM
---------------------------

Monica Lande
02/06/2001 09:59 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Index forwards/swaps

Monica Lande
02/02/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc:
Subject: Index forwards/swaps


Hello Dave.

My understanding is that FERC does not yet require electronic contracting,
but that many pipelines do offer it voluntarily.

Best regards,
Susan

"Anderson, David W (Law)" <DWA3@pge.com> on 11/07/2000 01:31:53 PM
To: "'maria_pavlou@enron.com'" <maria_pavlou@enron.com>,
"'susan_scott@enron.com'" <susan_scott@enron.com>
cc: "Petersen, Donald" <DWP9@pge.com>

Subject: Question

Hi,...did I guess correctly as to your e-mail addresses?  If so, I have a
question....

Do you happen to know if there are FERC rules requiring interstate pipelines
(are you familiar with any?) to offer e-contracting (including e-signature)
to customers/shippers, or is it a discretionary service...... or not a
service at all?

Of course, I need to do my own legal research, but maybe you two know off
the top of your head.

Thanks, and cheers...

Dave Anderson 415-973-6659


Vince and Vasant:

For the record, the April HH future closed last Monday at $2.72, and is now
trading at $2.97, a 9% rise in less than one week.

For the record, Enron's technical "experts" strongly advised selling this
contract last week, predicting a "collapse."

Clayton


Kay, Please see the attached.


Please send everyone an email that our credit contact for all master netting agreement credit terms in Jay Williams at 53923 and he will also provide all counterparty names and maintain the list.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


<<GE.LegalOpin.DOC>>  <<GE.Consent.DOC>>  <<GE.Receipt.DOC>>
<<GE.Ltr.Forms.DOC>>

Kay:

We have attached execution copies of the following documents for execution
by GE:

1.  GE Letter re Forms of Agreement;
2.  GE Consent and Agreement;
3.  Legal Opinion of Counsel to GE;
4.  GE Receipt.

These documents were circulated by Isabel Parker to Kent Shoemaker, you, me
and others on April 23, 2001.

The only other document is the GE Parent Guaranty.  Greg Lang circulated
comments (in a PDF file) by an e-mail 4/18 at 5:59 p.m.   Greg asked earlier
today whether the form of this document had been agreed by GE and I could
not respond.

You should have the following documents:

1.  Assignment and Assumption Agreement; and
2.  Turbine Contract.

Several of the ENA documents are not yet finalized, so I will try to get
those to you after lunch.  Please send over the LLC certificate book in
order that we may prepare membership certificates.

If you have any questions or comments, please advise.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - GE.LegalOpin.DOC
 - GE.Consent.DOC
 - GE.Receipt.DOC
 - GE.Ltr.Forms.DOC


Sara - hope this is OK with you.   The meeting will start at 10am Houston
time and I was wondering if there is any chance that you can conference call
in to Denis O'Connels office (+44 (0)20 7783 4828)?

Please confirm as soon as possible.

Many thanks

Kath
---------------------- Forwarded by Kathryn Thomas/LON/ECT on 28/11/2000
09:12 ---------------------------
Alarm enabled: an alarm will occur 12 minutes before the start time of this
entry.
	Calendar Entry

New US Entities (Denis's office)
Brief description:
Date:
Time:

28/11/2000
16:00 - 17:00

Detailed description:
Discuss implications of implementing entities of the attached.

 Invitations

		Phone/Ext	Include
Chairperson:	Richard Sage/LON/ECT	37546	  Yes
Organised by:	Kathryn Thomas/LON/ECT		  No

Invitations sent to:	David A Wall
Denis O'Connell
Rod Nelson
Ian Sloman
Kellie Naven
Sara Shackleton
Ann Hicks

Optional invitees:	Erica Gut

Other invitees:

 Room Booking


Our Last Time Sheets are due by 10am on Friday the 29th.

Since I'll  be out next week, please turn your copies into Diane Salcido, and
she will keep until my return.

I wish everyone a very Blessed Christmas, and a Happy New Year !
Sandy


BUSINESS HIGHLIGHTS

Enron Industrial Markets
Metal Bulletin - Iron and Steel Awards for 2000
Pushiest Entrant: Enron, the US commodity trading company, which promised it
would revolutionize the steel business by offering futures in hot rolled coil
via its online market place.

The EIM Fundamentals Analysis group is excited to announce that Dave Allan
has joined as a Director, responsible for all Forest Products lines.  He
comes to EIM with 20 years of experience in the Forest Products industry, of
which 14 were spent at Abitibi and 6 with Pulp and Paper Week.  Please join
us in welcoming Dave.

The Siebel Team (&The Force8) continues to work towards program
implementation of its customer management system in early May, with training
to begin at the end of April.  Stay tuned for updates.

Enron Global LNG
Enron Global LNG is positioning itself to be a creator and leader of a global
wholesale LNG market.  The rising prices of natural gas in the United States
and concerns over future energy supplies have created a bullish outlook for
LNG in the U.S. and around the globe.   LNG has played a major role in
serving energy needs in many parts of the world, but its place in the U.S.
energy picture has been limited. An LNG market that spans the globe can
supply vast amounts of otherwise stranded gas to the world,s growing appetite
for cleaner burning fuels.   Enron Global LNG sees great opportunity for
Enron,s wholesale energy business model to help shape yet another energy
market.

IN THE NEWS

Enron Corp. Says First-Quarter Profit Rose 20 Percent
Houston, April 17 (Bloomberg) -- Enron Corp., the largest energy trader, said
first-quarter profit rose 20 percent as sales almost quadrupled. Profit from
operations rose to $406 million, or 47 cents, from $338 million, or 40 cents,
in the year-earlier period.  Enron raised its 2001 profit forecast to $1.75
to $1.80 a share, from its January projection of $1.70 to $1.75.

First-quarter revenue surged to $50.1 billion from $13.1 billion as Enron
boosted the volume of power sold in North America by 90 percent. Enron had a
first-quarter gain of $19 million, or 2 cents a share, for an accounting
change, making net income $425 million, or 49 cents a share. There were no
charges or gains in the year-earlier period.

WELCOME
New Hires
EGM - Janelle Russell,
EIM   - David Allan, Sylvia Carter
ENA  - Sasha Divelbiss, Amy Quirsfeld, Judy Zhang, Annette Thompson, Kelly
Donlevy-Lee, Grant Patterson

Transfers (to or within)
ENA ) William Abler, Magdalena Cruz, Barbara Taylor, James Reyes, Marvin
Carter, Angel Tamariz, Jesse Bryson
EIM ) Cassandra Dutton, Christine Sullivan, Camille Gerard, Sherri Kathol,
Jennifer Watson
EGM ) Steven Batchelder

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


When will the buybacks and swings be set up for July?  I am a little
concerned with the long weekend coming up.  I believe that we agreed that
these would be set up by the 3rd work day, which would be Friday the 7th.
(Six days of flow.)  I definitely don't think that we should any later.  It
would be great if this could be handled sooner, miimizing our economic impact.

Additionally, we need to get the Industrial spreadsheet up and running
again.  This report is very beneficial to Gas Control, industrial traders and
schedulers on call.

Let me know what you think.

D


Attached is a list containing the new MG counterparties.  You can see it by
clicking on the second tab at the bottom of the Excel spreadsheet  where it
says "MG New Cpys".  Ignore the first tab.  I am told by London Legal that
our deadline for responding to this list is Monday.

Bandwidth team, in talking to London Legal, per my current understanding, the
only two jurisdictions approved to trade bandwidth are the US and UK.  We've
got Japan and Bermuda approved to trade US segment only.  So unless we hear
otherwise from you, it is our intention to give all the other counterparties
"read only" access.
----- Forwarded by Tana Jones/HOU/ECT on 06/29/2000 11:09 AM -----

	Edmund Cooper
	06/29/2000 11:04 AM

		 To: Lara Fields/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Metals counterparties approval

Herewith revised approval list.

Tana will revert with an update on US counterparties some of which will need
to be switched to read-only.

Thanks,

Edmund


---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/01/2001 12:43
PM ---------------------------

	From:  Karen D McIlvoy                           04/26/2001 12:16 PM

To: jadd202@aol.com, hghanley@aol.com, Jmcilvoy@houston.rr.com,
mthiry@entergy.com, Dana Namer/Corp/Enron@ENRON, Andrea Ring/HOU/ECT,
gseay@reliantenergy.com
cc:
Subject: Advice to Give Your Daughters

---------------------- Forwarded by Karen D McIlvoy/HOU/ECT on 04/26/2001
12:15 PM ---------------------------

Elizabeth Rivera@ENRON
04/19/2001 07:46 AM
To: Liz Hillman/Corp/Enron@Enron, Tricia DeSpain/Enron@EnronXGate
cc:  (bcc: Karen D McIlvoy/HOU/ECT)
Subject: Advice to Give Your Daughters

ADVICE TO GIVE YOUR DAUGHTERS

1.  Don't imagine you can change a man, unless he's in diapers.

2.  What do you do if your boyfriend walks out? You shut the door.

3.  If they put a man on the moon, they should be able to put them
all up there.

4.  Never let your man's mind wander, it's too little to be out alone.

5.  Go for younger men. You might as well, they never mature anyway.

6.  Men are all the same, they just have different faces, so that you
can tell them apart.

7.  Definition of a bachelor; a man who has missed the opportunity to
make some woman miserable.

8.  Women don't make fools of men, most of them are the do it
yourself types.

9.  Best way to get a man to do something is to suggest they are too
old for it.

10. Love is blind, but marriage is a real eye-opener.

11. If you want a committed man, look in a mental hospital.

12. The children of Israel wandered around the desert for 40 years.
Even in biblical times, men       wouldn't ask for directions.

13. If he asks what sort of books you're interested in, tell him
checkbooks.

14. Remember a sense of humor does not mean that you tell him jokes,
it means that you laugh at     his.

15. Sadly, all men are created equal.


What follows is a memorandum from William J. Museler to me invoking the
Temporary Extraordinary Procedures and requesting me to reissue ECA20000907A.
Immediately following the memorandum is the ECA itself.  It now carries the
number ECA20001208A.  The memorandum and the ECA are also being posted on the
OASIS.

MEMO

Date:          December 8, 2000

From:          William J. Museler, President & Chief Executive Officer

To:       Steven J. Balser, Manager of Market Monitoring and Performance
James H. Savitt, Market Monitor

Re:       Extraordinary Corrective Action to Address a Market Design Flaw:
HAM Transactions Failing Checkout (ECA 20001208A; re-issuance of ECA
20000907A)

Thank  you  for  the  presentation of the Market Monitoring and Performance
Unit  and  the Market Advisor regarding the progress that has been made with
the
Market  Participants  in addressing the market design flaw concerning import
and
export   transactions,  including  wheel-through  transactions,  that  fail
the
check-out procedure between the completion of BME and the SCD operating
hour.  I
am  pleased  that  the  Business  Issues Committee gave unanimous support to
the
NYISO  to  re-issue ECA 20000907A until the Market Participants can consider
and
approve,  and  the  NYISO can implement, a tariff change required to
permanently
address the Market Design Flaw.

As  stated in my Memorandum to you of September 6, 2000, I agreed with your
conclusion that the conduct identified at that time constituted a

?Market Design
Flaw?  as  defined  in  Attachment  Q  to  the ISO OATT, Temporary
Extraordinary
Procedures  for  Correcting  Market  Design  Flaws  and  Addressing
Transitional
Abnormalities (the ?TEPs?).  As further stated in that Memorandum, I agreed
with
your  analysis that prices produced by exploiting this Market Design Flaw
would,
absent  appropriate action, remain at levels different from what would
otherwise
occur during periods of efficient competition.

I  have  now  determined,  based  on  consultations  with ISO Staff and the
support  of the Business Issues Committee, that it is appropriate to maintain
in
effect  the  corrective measures adopted as ECA 20000907A while consultation
and
cooperation with the Market Participants and jurisdictional agencies is
on-going
to  develop  and  implement appropriate rules or rule changes in accordance
with
the ISO Agreement.

Please re-issue the text of the Extraordinary Corrective Action (?ECA?) and
post  it  on  the  OASIS,  for implementation effective at the expiration of
ECA
20000907A.  The ECA shall be effective for a period of ninety (90) days.

William J. Museler, President and CEO
New York Independent System Operator

cc:  Market Participants via OASIS

New York Independent System Operator

Extraordinary Corrective Action 20001208A:

Market Design Flaw Regarding HAM Transactions Failing Checkout

Applicability

This Extraordinary Correction Action (ECA) shall apply to:

?    Import and export transactions;
?    that are scheduled for an operating hour in the Hour-Ahead Market (HAM)
by
the Balancing Market Evaluation (BME); and
?    that fail checkout for reasons within the control of the Market
Participant, or that are cancelled at the request of said Market Participant.

Wheel-through transactions shall be treated as both an import and an export
transaction, and the relevant Market Participant shall be billed the sum of
both
financial impacts, as provided below.  This ECA shall not apply to import,
export, or wheel-through transactions that fail checkout due to NYISO error or
action, or neighboring control area operator error or action.

Rationale

Import Transactions: During the HAM resolution, BME reduces commitments for
energy  resources  within  NYCA  to  accept  scheduled  import transactions
at a
specific  proxy  bus  indicated  by the Market Participant.  Where the
scheduled
import  transaction  fails checkout following BME, the real-time energy price
at
the  proxy  bus  may  be  elevated  above the HAM price due to the failed
import
transaction.   The  difference  between the real-time price and the BME price
at
that  proxy  bus is currently charged to all purchasers in the real-time
market.
Under  this  ECA,  this  amount  (when  positive),  multiplied  by the number
of
megawatts  of  the  transaction  for  that  hour,  shall be billed to the
Market
Participant that scheduled the failed import transaction as the financial
impact
of causing the failure to complete checkout of the transaction.

Export  Transactions:  During the HAM resolution, BME makes commitments for
energy  resources  to  supply  scheduled  export transactions up to the
purchase
price  indicated  by the Market Participant at the appropriate proxy bus.
Where
the  scheduled  export  transaction  fails checkout following BME, the
real-time
energy  price  at  the proxy bus may be depressed below the HAM price due to
the
failed  export  transaction.   The  difference  between  the  BME  price and
the
real-time  price  at that proxy bus is currently charged to all loads as part
of
Schedule  1  costs.   Under this ECA, this amount (when positive), multiplied
by
the number of megawatts of the transaction for that hour, shall be billed to
the
Market Participant that scheduled the failed export transaction as the
financial
impact of causing the failure to complete checkout of the transaction.

Wheel-Through   Transactions:  During  the  HAM  resolution,  BME  includes
scheduled wheel-through transactions up to the transmission congestion cost
that
equals  the  decremental  bid  indicated  by  the Market Participant.  Where
the
scheduled  wheel-through transaction fails checkout following BME, the
real-time
energy  price  at  both  the  import  and export proxy busses may be elevated
or
depressed,  respectively,  due  to the effects on transmission congestion of
the
failed wheel-through transaction.  Under this ECA, the effects of the import
and
export  portions  of  the  failed  wheel-through  transaction will be
calculated
separately,  as though they were separate failed transactions.  The sum of
those
impacts  shall  be  billed  to  the Market Participant that scheduled the
failed
wheel-through  transaction  as  the  financial  impact of causing the failure
to
complete checkout of the transaction.

Implementation Rules

1.   An External Transaction for the delivery of energy to the NYCA at an
external Proxy Generator Bus that is scheduled in BME but for which no energy
is
delivered to the NYCA in real-time, will be settled by the scheduling entity
selling the amount of energy scheduled in BME into the LBMP Market at the
scheduling entity?s BME Bid Price, and buying the energy that was not
delivered
from the LBMP Market at the Real-Time LBMP prevailing at the external Proxy
Generator Bus.  No payment will be required of the scheduling entity if it is
shown that the External Transaction was properly scheduled in each Control
Area
and the energy was not delivered due to an error or action by the NYISO or the
delivering Control Area.  No payment will be required of, or made to the
Market
Participant if the Real-Time LBMP at the external Proxy Generator Bus is lower
than the BME Bid Price of the entity that failed to deliver scheduled energy.

2.   An External Transaction for the receipt of energy from the NYCA at an
external Proxy Generator Bus that is scheduled in BME but for which no energy
is
received from NYCA in real-time, will be settled by the scheduling entity
buying
the amount of energy scheduled in BME from the LBMP Market at the scheduling
entity?s BME Bid Price and selling the energy that was not taken into the LBMP
Market at the Real-Time LBMP at the external Proxy Generator Bus.  No payment
will be required by the scheduling entity if it is shown that the External
Transaction was properly scheduled in each Control Area and the energy was not
taken by the scheduling entity due to an error or action by the NYISO or the
receiving Control Area.  No payment will be required of, or made to the Market
Participant if the Real-Time LBMP at the external Proxy Generator Bus is
higher
than the BME Bid Price of the entity that failed to take scheduled energy.

3.   An External Transaction for the delivery of energy to the NYCA at one
external Proxy Generator Bus and the delivery of energy from the NYCA at a
different external Proxy Generator Bus that is scheduled in BME but for which
no
energy is delivered to or received from the NYCA in real-time, will be settled
by applying rules 1 and 2 of this ECA separately to the failed delivery of
energy to the import Proxy Generator Bus and the failed receipt of energy at
the
export Proxy Generator Bus, and summing the total of the two amounts for
payment
by the scheduling entity.  No payment will be required by the scheduling
entity
if it is shown that the External Transaction was properly scheduled in each
Control Area and the energy was not taken by the scheduling entity due to an
error or action by the NYISO or the delivering or receiving Control Area.  No
payment will be required of, or made to the Market Participant for the import
or
the export portion of the External Transaction if no payment would have been
required had that portion of the transaction been a separate transaction under
rule 1 or 2 of this ECA.

Issued:  December 8, 2000, 3:00 p.m.
Effective:  December 8, 2000, Operating Hour Beginning 0000


He has view access, but he doesn't have edit capability, which he needs.

	Scott Cleverly
	07/21/2000 03:28 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: I'm out of the office this week.

Tana:

Looks like he currently has access. Perhaps Mike was able to have it granted.

	Tana Jones
	07/21/2000 03:16 PM

		 To: Scott Cleverly/HOU/ECT@ECT
		 cc: Brent Hendry/NA/Enron@Enron
		 Subject: I'm out of the office this week.

Scott,

Is there someone else in your group who can get Brent access to the Financial
Trading Agreement Database?
----- Forwarded by Tana Jones/HOU/ECT on 07/21/2000 03:15 PM -----

	Michael Neves
	07/21/2000 03:01 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: I'm out of the office this week.

I will be out of the office from 07/17/2000 until 07/24/2000.

I will be checking email & voice mail regularly, but if you need to contact
me I can be reached by mobile phone at (281)-788-0243.  If it is an
emergency, please contact the Notes Development Group at 3-6929.


Attached is the referenced list.  I am still waiting on 1 response for the
list from the 24th.


fyi

there was a measurement adj during Feb at NNG Beaver (pressure base change) which caused fewer volumes to be measured resulting in approximately 60,000 mmbtus due NNG

line pack has increased by approximately 253,000 mmbtus during March as a result of oba activity


this checks out on the volume

 -----Original Message-----
From: 	Bresnan, Neil
Sent:	Friday, July 27, 2001 11:49 AM
To:	Platter, Phillip
Subject:	August positions

I know you have been talking with Mike but would you let me know what you have for August.
I took a quick look at the file and it looks like we (EES) are NP: long 297 (296 fixed 1 index) on peak and 86 (85 fixed 1 index)
                                                                                SP: Long 562 (587 fixed Short 25 indexon peak) on peak and long 341 off peak
Thanks


Samuel -

Thanks for completing that request so quickly. Unfortunately, I received a message from Todd Bland over the weekend saying he is still unable to save deals using his own name. He called Enpower support and spoke with Nicolay, who told Todd he needed an Originator ID - are you familiar with that or how Todd could get one? Also, we have one more trader who never received access to trade under these desks: Short Term West BOM, Short Term Southwest, Short Term California. His name is Steve Merriss. Could you please add his name to the list as well?

Thanks again for all of your help.

Kate
 -----Original Message-----
From: 	Schott, Samuel
Sent:	Friday, July 27, 2001 5:39 PM
To:	Symes, Kate
Cc:	Bland, Todd; Williams III, Bill
Subject:	RE: New Trader IDs _ GCP Response

	Hi Kate,

	Your request is complete, effective upon refresh of the EnPower System.

	 Best Rgds.

            Samuel (713) 853-9890
	Enron Net Works _ Global Counterparty
            (Houston Operations)

 -----Original Message-----
From: 	Symes, Kate
Sent:	Friday, July  27, 2001 5:19 PM
To:	Schott, Samuel
Cc:	Bland, Todd; Williams III, Bill
Subject:	New Trader ID

Sam -

We're once again in need of a new trader ID - Todd Bland joined the Portland Real Time group as a summer intern, and it seems he hasn't been added yet. Could we get his name added as a trader for the following desks:

Short Term West Hourly
Short Term West BOM
Short Term Southwest
Short Term California

I appreciate your help with this. Let me know if you have any questions.

Thanks,
Kate


I received a call from the consultant who performed the archeology survey at
stations 1 and 2.  Based upon the plot plan provided by construction, the
archeology discovery at station 1 does not occur within the area of proposed
impact, even though  part of the discovery is within the facility fence.  The
report  recommendation to the SHPO by the archeologist will be that during
construction activities in this area, an archeologist be onsite to monitor
and ensure that the site is not impacted.  They will also recommend that we
fence the discovery area within our facility to ensure that future pipeline
activities will not disrupt the site.

I have asked that two reports be prepared for each site.  One report for each
station covering the construction areas and the other reports to include the
entire 40 acres at each compressor station.  All four reports will be
submitted to Bret Fritch in Omaha on Monday, the 26th of March.


fyi
---------------------- Forwarded by Lloyd Will/HOU/ECT on 02/13/2001 06:02 PM
---------------------------

"Dick S George" <dsgeorge@firstworld.net> on 02/13/2001 11:07:59 AM
To: "DS George" <dsgeorge@firstworld.net>
cc:
Subject: Utility Spotlight: Tx dereg different than Cal...?

CC list suppressed...

Compassionate Competition?

(Utility Spotlight) Maybe it's the new tenant in the White
House. Or maybe it's just the natural rivalry between
Republican pork rinds and Democrat brie and Chablis.

At any rate, around mid-January I found my email box
stuffed with "pushed" press releases touting the Texas
solution to utility restructuring. According to the
clippings, the Lone Star State has at last created a
regional power market that will actually work-and with no
help from California.

One such clipping is a new consultant's study commissioned
by the Association of Electric Companies of Texas. It
checks off all the mistakes that California made, one by
one, and then purports to show how the Texas model sets
things right. "This study provides an effective analysis
of the course Texas has followed on the road to
competition versus how it was done in California," said
John Fainter, president of the AECT. "It provides
compelling evidence that Texas is on track to achieve
significant benefits from competition."

But as I see it, the Texas law (Senate Bill 7, the Texas
Electric Choice Act, signed in 1999 by then-Gov. George W.
Bush) contains the same basic failing as did Assembly Bill
1890, the California law-it creates a tariff structure for
Texas that will surely run aground if electricity prices
don't behave as expected. Just like California, the Texas
law creates a rate freeze keyed to revenue levels set
under the old regulated regime, and then mandates a
guaranteed rate cut on top of that for residential and
small commercial customers (6 percent in Texas, instead of
10 percent, as in California), good until Jan. 1, 2007
(both with adjustments allowed for fuel cost increases).

So if power prices in Texas should spike out of control
between now and 2007, more than warranted by fuel costs,
you could have the same mess as in California-utilities
buying high and selling low.

Yet the Texas model does lack one drawback. It doesn't
have FERC. That's because Texas enjoys its own private
power grid, the ERCOT ISO-formed by the Electric
Reliability Council of Texas-which operates entirely
within the state and thus stands largely exempt from the
Federal Energy Regulatory Commission. That gives Texas an
advantage-a state-regulated ISO, dedicated to state
interests.

"WE DON'T PERCEIVE ANY IMMEDIATE THREAT OF GENERATION
SHORTAGES." That's what I heard from Bill Bojorquez,
ERCOT's director of settlement, when I talked with him on
Jan. 12. ERCOT is generally seen as friendly to merchant
generation, and the PUC has already OK'd standards for
ERCOT for generation interconnection, to help create a
climate that encourages construction of new power plants.

Bojorquez calls ERCOT the nation's largest ISO in terms of
load (peak demand last summer of 57,600 MW), and tells how
it's doing things differently from other regions. For
instance, ERCOT will create no central power exchange or
auction market for wholesale power or ancillary services.
"We won't settle any markets," says Bojorquez. And ERCOT
will rely on socialized uplift charges to recover
congestion costs, beginning June 1, 2001, when pilot
programs start up in Texas for retail electric choice, and
continuing at least through 2003. It will not create a
scheme for tradable transmission congestion rights (TCRs)
unless congestion costs exceed $20 million in any 12-month
period. However, Bojorquez concedes that ERCOT is
"transitioning" to a new single control area, and is
building new control area facilities in Wheeler, Texas,
with a backup office in Austin. (That effort proved a
budget buster in California.)

And ERCOT offers another unique feature. As I learned from
two technology experts from Lodestar, which has signed
software deals with the ISO, ERCOT will perform all the
forecasting, load profiling, and customer aggregation, and
will initiate most of the required data transfers between
utilities, suppliers, and the scheduling coordinators,
known in Texas by the delightful acronym of QSE-pronounced
as "quesy"-which stands for "qualified scheduling entity."

According to Steve Doroff, Lodestar's senior vice
president of product development, and Jason Iacobucci,
product manager at the company, the Texas law barred
utilities from passing along to their ratepayers any new
cost incurred for any new services associated with retail
choice. That rule was enough, they said, to convince the
utilities to delegate all the ordinary marketing functions
to the ISO, including the development of data formatting
and communications protocols between suppliers, utilities,
and scheduling coordinators for customer enrollment and
load and revenue estimations, using electronic data
interchange (EDI) and XML software systems.

This feature has proved a godsend to the Texas market,
says Lodestar. It centralizes the myriad of data transfers
under the control of one player-with one software
network-instead of fragmenting the job among various
utilities, marketers and aggregators, and new players such
as the "meter data management agent," as in California.
That means Texas will be spared the trouble of having to
estimate and allocate the dollar cost of sales and
marketing functions between utilities and unregulated
retailers. That task has become a minefield for PUCs. (See
News Digest, Jan. 1, 2001, p. 8.)

Nevertheless the retailers, suppliers, and utilities are
free to develop their own software systems to interact
with ERCOT. "If the QSEs are smart, they won't take
ERCOT's word for it," Doroff told me. "They'll do their
own calculations."

"THIS SCENARIO MAY BE MORE PROBLEMATIC FOR TEXAS THAN
CALIFORNIA," says Mark Krebs, the outspoken attorney from
Laclede Gas.

Here Krebs was talking about generation siting, not ISO
market design. Yet his words show that Texas eventually
may face the same problems we saw last year in California.

Writing on Nov. 30, on behalf of the American Gas Cooling
Center, Krebs told Jim Linville, of the Texas Natural
Resources Conservation Commission, that the new draft
rules proposed in Texas in November 2000 governing air
emissions for distributed generation and small-scale
electric generation (comments taken until Feb. 5) might
spell trouble for the state. (See www.tnree.state.tx.us.)

Krebs criticizes the Texas policy of forcing all DG plants
statewide to comply with emissions rules designed for the
Houston/Galveston ozone nonattainment area, where many
cogeneration and DG units are planned.

"The potential impact," writes Krebs "would appear to be a
ban upon all DG (with the illusory exception of renewables
and fuel cells) on the ostensible grounds that, as stated
in the rule, 'increased use of small electric generating
units could undermine the emission reductions achieved
with recently permitted combined-cycle power plants.'"

Senate Bill 7 requires a 50 percent reduction for NOx
emissions and a 25 percent cut for SO2 for grandfathered
plants by May 2003. As ERCOT acknowledged in January 2000
in a study of generating plants in the Dallas/Ft. Worth
area, such rules may force power producers to take
generating plants out of service in the Dallas area. ERCOT
commented further in a report on potential electric system
constraints released Oct. 1:

"The DFW area could experience significant problems of
peak period supply adequacy and voltage stability if
significant amounts of the in-area generation become
unavailable and no new in-area plants are built. ... A
number of new merchant power plants are being planned or
built in North Texas, but all are outside the ... metro
area. Greenfield sites for new generation development are
limited and are likely to encounter public opposition."

Sound familiar?

 CONFIDENTIALITY: This e-mail and any attachments are
confidential and may be privileged.    If  you are not a
named recipient, please notify the sender immediately and
do not disclose the contents to another person,  use it
for any purpose or store or copy the information in any
medium.


I am having email problems.  I will try this again.
----- Forwarded by Leslie Lawner/NA/Enron on 12/13/2000 03:28 PM -----

	Leslie Lawner
	12/13/2000 03:21 PM

		 To: Paul Kaufman/PDX/ECT@ECT, Rebecca W Cantrell/HOU/ECT@ECT, Steve
Montovano/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron
		 cc:
		 Subject: Paper on gas diversion, curtailment, etc.

Here is the paper in its latest form.  We are still waiting for the rest of
the interstate pipeline tariffs to be summarized and I will have to add
Keyspan and Peoples when I get the tariffs.  Paul, you may want to have Mike
Smith do more of a discussion of the issues, as the bullets are not always
that informative, but see what you think.  Thanks.  And Becky, when I print
out the document, the pipeline matrix gets lopped off.  How do I fix that?


Good morning. I was wondering if I could use some of the frozen veggies to make a casserole?

We are waiting on the cold front.  Very foggy this am.

Love,

Kay
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Jim,

Can you meet with us tomorrow? One of my associates  worked
on a few projects with DPC and will visit them in January. His name is
Krishnarao
Pinnnamaneni and he will be gone for 3 weeks, starting Wednesday

Please, let Shirley Crenshaw, my assistant (3-5290), know what time would
work for you Tuesday.

Vince

James A Hughes@ENRON_DEVELOPMENT
12/18/2000 01:07 PM
To: Vince J Kaminski@ECT
cc:
Subject: Dabhol Power

Vince:

As I am sure you are aware, we are facing significant challenges with the
Dabhol project.  As I have delved into the project and our problems, I have
been disturbed by our lack of information/data relative to our position in
the grid and the overall fundamentals for the region.  I would like to meet
with you and get your assistance in identifying some resources to try and
help the India team develop a better understanding of their market and how to
identify/develop/use the fundamentals.

Thanks.

Jim


My only concern is that it looks like we are modifying the NYMEX price twice
- once in the second sentence and then again in th definition of Index.

Dale Neuner on 02/22/2000 11:35:14 AM
To: Mark Taylor/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT
Subject: Last day Nymex trading

Mark - Trading would like to commence transacting Last day Nymex vs. Physical
delivery. So far each request is for an established Location. Attached please
find an example of one such transaction. Please review and offer
aproval/comments.

Jennifer, I am certain that we have already mapped this but if you could
please double check.

Index: NYMEX L1
Abb: L1
Descr: The Index shall be the settlement price for the last scheduled Trading
Day of the NYMEX Henry Hub Natural Gas Futures Contract, modified by the
price submitted by the Counterparty on the website, for the applicable
Determination Period.

Dale
3-9746


Total Trades for Day	  	 572

 	 EOL Trades for Day	  	 404

 	 ICE Trades	  	 3

 	 EPMI ICE Trades	  	 41

 	 EOL Deals	 From: 11/01/2001   To: 11/14/2001	  	 EnPower	 From: 11/01/2001   To: 11/14/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 390	 6,063,856	  	 EPMI Long Term California	 38	 1,276,554
 	 EPMI Long Term Northwest	 209	 3,011,800	  	 EPMI Long Term Northwest	 83	 2,804,626
 	 EPMI Long Term Southwest	 289	 6,673,591	  	 EPMI Long Term Southwest	 209	 8,144,373
 	 EPMI Short Term California	 1,143	 1,478,048	  	 EPMI Short Term California	 428	 1,094,049
 	 EPMI Short Term Northwest	 682	 865,800	  	 EPMI Short Term Northwest	 281	 528,489
 	 EPMI Short Term Southwest	 881	 1,271,152	  	 EPMI Short Term Southwest	 447	 1,818,063
 	 Real Time	 816	 20,700	  	 Real Time	 294	 27,222

 	 Grand Total	 4,410	 19,384,947	  	 Grand Total	 1,780	 15,693,376

 	 EOL Deals	 From: 11/14/2001   To: 11/14/2001	  	 EnPower	 From: 11/14/2001   To: 11/14/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 17	 276,000	  	 EPMI Long Term California	 2	 20,000
 	 EPMI Long Term Northwest	 32	 555,600	  	 EPMI Long Term Northwest	 7	 251,233
 	 EPMI Long Term Southwest	 53	 1,095,125	  	 EPMI Long Term Southwest	 8	 366,245
 	 EPMI Short Term California	 107	 216,008	  	 EPMI Short Term California	 53	 158,968
 	 EPMI Short Term Northwest	 80	 89,160	  	 EPMI Short Term Northwest	 32	 33,276
 	 EPMI Short Term Southwest	 68	 77,200	  	 EPMI Short Term Southwest	 43	 143,601
 	 Real Time	 47	 1,175	  	 Real Time	 23	 1,196

 	 Grand Total	 404	 2,310,268	  	 Grand Total	 168	 974,519

 	 EOL Deals	 From: 11/14/2001   To: 11/14/2001	  	 EOL Deals	 From: 11/14/2001   To: 11/14/2001
 	 Long Term West Management	 Total Deals	 Total MWH	  	 Short Term West BOM	 Total Deals	 Total MWH
 	 Daily	 0	 0	  	 Daily	 0	 0
 	 Month-to-Date EOL	 9	 2,200	  	 Month-to-Date EOL	 0	 0
 	 Enpower daily deals	 0	 0	  	 Enpower daily deals	 0	 0
 	 Month-to-Date Enpower	 2	 2,003	  	 Enpower daily deals	 0	 0

 	 EOL Deals	 From: 11/14/2001   To: 11/14/2001
 	 EPMI California Services	 Total Deals	 Total MWH
 	 Daily	 0	 0
 	 Month-to-Date	 0	 0
 	 Enpower daily deals	 0	 0

 	 ICE Volumes	 From: 11/14/2001   To: 11/14/2001
 	 Delivery Point	 Total MWH	 EPMI MWH	  Price

 	 Cob (P, Next Day)	 400	 0	  $     22.75
 	 Mid C (P, Next Day)	 2,000	 400	  $      19.15
 	 Mid C (OP, Next Day)	 1,000	 0	  $     16.72
 	 Mid C (P, Bal Month)	 14,400	 0	  $     21.43
 	 Mid C (P, Dec-01)	 90,000	 0	  $     32.54
 	 Mid C (P, Jan-02)	 20,800	 0	  $     33.00
 	 NP-15 (HE 1700)	 25	 0	  $     27.50
 	 NP-15 (HE 1900)	 50	 0	  $     28.50
 	 NP-15 (HE 2100)	 50	 0	  $     25.50
 	 NP-15 (HE 2200)	 50	 0	  $     25.50
 	 NP-15 (P, Next Day)	 4,800	 800	  $     24.30
 	 NP-15 (OP, Next Day)	 2,600	 400	  $      17.18
 	 NP-15 (P, Bal Month)	 9,600	 0	  $     25.75
 	 NP-15 (P, Dec-01)	 60,000	 0	  $     32.67
 	 NP-15 (P, Jan-02)	 10,400	 0	  $     33.70
 	 Palo (HE 1700)	 25	 0	  $     21.00
 	 Palo (OP, Next Day)	 1,400	 0	  $     12.50
 	 Palo (P, Next Day)	 10,000	 0	  $      18.71
 	 Palo (P, Bal Month)	 72,000	 0	  $     22.62
 	 Palo (OP, Dec-01)	 25,800	 0	  $     19.33
 	 Palo (P, Dec-01)	 70,000	 0	  $     27.20
 	 Palo (P, Jan-02)	 62,400	 0	  $     29.41
 	 Palo (P, Mar-02)	 10,400	 0	  $     29.25
 	 Palo (P, Jun-02)	 10,000	 0	  $     41.25
 	 Palo (P, Jul-02)	 10,400	 0	  $     54.50
 	 Palo (P, Aug-02)	 32,400	 0	  $     61.00
 	 Palo (P, Sep-02)	 28,800	 0	  $     47.67
 	 Palo (P, Apr-02)	 10,400	 0	  $     30.00
 	 Palo (P, Q1 02)	 30,400	 0	  $     29.25
 	 Palo (P, Q2 02)	 61,600	 0	  $     35.00
 	 Palo (P, Q3 02)	 30,800	 0	  $     55.00
 	 SP-15 (HE 1100)	 25	 0	  $     26.50
 	 SP-15 (HE 1700)	 25	 0	  $     26.75
 	 SP-15 (HE 1900)	 50	 0	  $     28.50
 	 SP-15 (P, Next Day)	 6,000	 0	  $     24.07
 	 SP-15 (OP, Next Day)	 1,200	 0	  $     16.50
 	 SP-15 (P, Bal Month)	 19,200	 0	  $     24.90
 	 SP-15 (OP, Dec-01)	 17,200	 0	  $     22.25
 	 SP-15 (P, Dec-01)	 40,000	 0	  $     30.13
 	 SP-15 (P, Q1 02)	 91,200	 0	  $     32.17
 	 SP-15 (P, Cal 03)	 122,800	 0	  $     44.50

 	 Grand Total	 980,700	 1,600	  $ 1,196.15


Crude 24X7 WTI Marketing Effort

Trade Count:
 146  Trades
 6.96  Million Barrels
  5  Counterparties Transacting Today
 27 Counterparties Transacting to Date


This could become interesting if it holds up.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/03/2001 02:11
PM ---------------------------

Ben F Jacoby@ECT
01/03/2001 01:53 PM
Sent by: Ben Jacoby@ECT
To: Janet R Dietrich/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT
cc: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron

Subject: Call w/ John Schroeder of GE

I talked with John a few minutes ago. Here's the gist of the conversation:

1. Miller was promised the 4 7FAs based on his discussions with John
concerning Enron's interest. GE is wavering a bit on this now, however,
because other sales reps within GE have complained that we were given first
crack. John characterized our current position as "the front of the line
without a pass".

2. Ultimately (and obviously), Dell Williamson will decide to whom these
turbines are allocated.

3. John said we should have a proposed letter agreement on the turbines this
afternoon. He emphasized that they do not yet have the requisite GE internal
approvals. Nonetheless, the major terms included in the Letter Agreement
would be as follows:
- Form of turbine purchase contract would be the GenPower 7FA turbine
purchase agreement, modified to include standard Enron provisions negotiated
between Sheila Tweed et. al. concerning assignment, indemnities, etc.;
- the turbine purchase contract would need to be executed by the end of
January;
- 5% of the purchase amount would need to be paid upon execution of the
Letter Agreement, with an additional 5% due at the end of the month. The
balance of payments in the turbine purchase agreement would be paid in equal
monthly instalments for each turbine through the respective turbine's
delivery date (last day of each of March, April, May, and June);
- we would be required to negotiate with GE in good faith on an LTSA, water
system and STG (if needed). This would not be an exclusive, nor would we be
subject to payment adders to the extent our good faith negotiations do not
result in a definitive agreement.
- the Letter Agreement will not be drafted as an option (even though it will
essentially operate as one), but instead will be a letter agreement for the
purchase of turbines. Unfortunately, the semantics of this are both important
to us and GE, but I believe it will be extremely difficult to do anything
other than the form and semantics that GE wants (as we are competing with
other buyers who do not have the same balance sheet constraints as us). As
such, we may want to consider an interim OBS vehicle such as LJM if the
looseness of the contract presents challenges for the TurboPark banks.

Lastly, given the somewhat tenuous nature of our queue position on the
turbines, John strongly suggested that Delainey be immediately briefed, and
that he call Dell as soon as possible based on the information John provided
me in our conversation described above. He also suggested that we indicate to
Dell that we have firm sites  (Florida and Longview) for the units. John told
me that this latter point is important to GE as they are becoming fatigued by
their other customers who have slues of turbines and not enough sites to
accommodate them.

Let me know if you have any other questions. FYI, I put in a call to Lisa
Bills on this deal, but have still not heard back from her.

Regards,

Ben


Attached is SERC's 9/28 letter telling NERC that TVA and Enron were still
working on the wording, but may not reach agreement. I don't think we had
seen this before.  However, since this was sent last week before the latest
round of language, I don't think we need to worry about it.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 10/04/99
10:36 AM ---------------------------

Steven J Kean@EES
10/04/99 10:00 AM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: SERC/TVA/Enron

---------------------- Forwarded by Steven J Kean/HOU/EES on 10/04/99 09:59
AM ---------------------------

Sherri Reinartz@ENRON
09/30/99 01:15 PM
To: Joe Hartsoe/Corp/Enron@Enron, Steven J Kean/HOU/EES@EES
cc:
Subject: SERC/TVA/Enron

Did you guys get this?  SRS
---------------------- Forwarded by Sherri Reinartz/Corp/Enron on 09/30/99
01:13 PM ---------------------------

"Jim Maughn" <jmaughn@serc1.org> on 09/28/99 04:54:33 PM
Please respond to "Jim Maughn" <jmaughn@serc1.org>
To: kamole@nipsco.com, hhawks@tenaska.com, mike.gent@nerc.com
cc: wtboston@tva.gov, Sherri Reinartz/Corp/Enron@Enron,
wreinke@duke-energy.com, jmaughn@serc1.org
Subject: SERC/TVA/Enron

Gentlemen:
Attached is SERC's interim report to NERC and the PITF on the subject dispute.
Jim Maughn
 - att1.htm
 - SERC Enron TVA NERC ltr.doc


Christmas is upon us!!  Please see the below invitation and come join us on
Thursday 12/14/00 on the 50th floor of the Enron building at 1400 Smith
Street in the executive dining room.  If you have never seen the 50th floor
decorated for Christmas, it should be a treat.  I hope to see you there.  If
you cannot make it, Happy holidays and goodwill to all.  Please RSVP to
jeffrey.mcclellan@Enron.com.

Jeff McClellan
President - Cougars@Enron
713-853-4779


Yes, you can flow 100%.   I confirmed that this was a part ot the rate case
settlement.

Chris.Germany@enron.com on 01/05/2001 09:50:36 AM

To:   Ora L. Ash/Clarksburg/CT/CNG@CNGNOTES
cc:

Subject:  Re: Contract 571492

In the old days, you could only flow 7/12 of the MDQ from secondary points.
That was when these contracts were good for the whole year.  So you are
telling me the "rules have changed"?  I can now flow 100% from secondary
points?

Ora_L._Ash@dom.com on 01/05/2001 08:38:35 AM

To:   Chris.Germany@enron.com
cc:
Subject:  Re: Contract 571492

You can use the full contract MDQ to move from and to secondary points.  Of
course,  this would be subject to any secondary restrictions.

Chris.Germany@enron.com on 01/04/2001 04:48:44 PM

To:   Ora L. Ash/Clarksburg/CT/CNG@CNGNOTES
cc:

Subject:  Contract 571492

We have a FTGSS contract with a MDQ of 40,148 dts.  The primary receipt
point on this contract is storage.  BUT, we can flow some of this gas from
secondary points like Oakford or the Pools.  How much gas can be sourced
from Secondary receipt points?


What is your view on having joint calculation agents?  AIG wants to have both
Enron and AIG act jointly.  Seems to me that this would result in more
potential conflicts in the long run.


I don't know about meter 4486, but the other three are good.  In addition,
meter 5792 is another meter that is serviced in the Lufkin-Diboll area.

	Enron North America Corp.

	From:  Heidi Withers                           03/14/2000 10:14 AM

To: Eric Bass/HOU/ECT@ECT
cc: David Baumbach/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Michael
Walters/HOU/ECT@ECT
Subject: Additional Transport Expense on Entex meters

Eric, I am checking the process now for incorporating all transport revenue
due Ed for delivery meters in the Texas region.  The following meters have
transport rates attached to them which are above and beyond the matrix rates
Ed quotes to Tom.  I believe that we are already capturing all Ed's
revenue/Tom's expense for this gas at these meters, but want to be sure of
that.   Would you let me know if these are the meters for which we are
manually moving around money from Tom to Ed for the residential portion of
the Lufkin-Diboll volume?

I believe that the industrial portion of this volume is included already as
part of Ducote's deal, and I believe that the residential portion is volume
which you determine and then move from Tom to Ed every month.

Is this right?

Heidi


Positive Living Tip of the Day
		Monday January 29, 2001

		Your Environment

		Do you live or work in an environment that creates undue stress in your life?

		If so, realize your environment plays an important role in your life. Hostile
environments create defensiveness, and an individual's negative behavior can
directly affect others who are trying to maintain a healthy attitude.

		For example, if you are working with a supervisor who constantly berates
those under him/her in front of others, this negative behavior affects
everyone in the office. And hanging around negative friends and family
members can reinforce your own negative traits. (For example, your temper is
under control as long as you are not around your older brother.) In addition,
negative people can induce others into developing the same negative attitudes
and behaviors that they possess. It is true the company you keep is a
reflection on you and can influence your behavior. Steer clear of negative
environments and begin building a positive life.

		- CG, Licensed Clinical Professional Counselor