---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 09:49
AM ---------------------------
From: Geriann Warner on 03/07/2001 09:07 AM
To: James D Steffes/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Steven Krimsky/Corp/Enron@Enron
cc: Marcia A Linton/NA/Enron@Enron, Chauncey Hood/NA/Enron@ENRON, Lorie
Leigh/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT

Subject: Conf. Call  - 3/7 @ 10:00 cst: Tripp Scott Proposed Terms of
Engagement

Per Marchris' request, I've set up a conference call for today at 10:00 cst.
Please let me know ASAP if you WILL NOT be able to participate.

Call in  - 1.800.998.2462

Pass code  - 5058917

Geriann Warner
GA - The Americans
Tel: 713-853-5036
Fax: 713-853-7297

----- Forwarded by Geriann Warner/NA/Enron on 03/07/2001 08:30 AM -----

	Marchris Robinson
	03/06/2001 05:19 PM

		 To: Geriann Warner/NA/ENRON@ENRON
		 cc:
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Set up conference call.  Page me with info.

MR
----- Forwarded by Marchris Robinson/NA/Enron on 03/06/2001 05:18 PM -----

	Kay Mann
	03/06/2001 04:57 PM

		 To: Marchris Robinson/NA/Enron@Enron
		 cc: James D Steffes/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Steven Krimsky/Corp/Enron@Enron
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Ben and I can make it.

Kay

From: Marchris Robinson on 03/06/2001 04:30 PM
To: James D Steffes/NA/Enron@Enron
cc: Steve Montovano/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Steven Krimsky/Corp/Enron@Enron

Subject: Re: Tripp Scott Proposed Terms of Engagement

I think we should do a phone conference to resolve the outstanding issues
regarding the engagement of "local lobbying firms" by ENA.  I will schedule a
call for tomorrow at 10:30am (cst).  Please advise if that time works with
your schedule.  Thanks.

Marchris
----- Forwarded by Marchris Robinson/NA/Enron on 03/06/2001 04:21 PM -----

	Kay Mann
	03/06/2001 09:27 AM

		 To: Marchris Robinson/NA/Enron@Enron
		 cc: Christi L Nicolay/HOU/ECT@ECT
		 Subject: Re: Tripp Scott Proposed Terms of Engagement

Hi Marchris,

I'm in ENA Legal, and I'm looking for the right person to discuss this with.
Christi Nicholay suggested I get you involved.  Please give me a call at 713
345 7566 to discuss.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 09:29
AM ---------------------------

Ben F Jacoby@ECT
03/05/2001 10:48 AM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Tripp Scott Proposed Terms of Engagement

OK. This guy's a lawyer by training, but we're hiring him as a lobbyist.
Roger was previously looking into this, and proposed our standard form
agreement. Steve and I were wondering if we could work off of Tripp Scott's
proposed form, considering that he will not be representing us as our counsel.

Please let me know.

Thanks,

Ben

Kay Mann@ENRON
03/04/2001 02:27 PM
To: Ben F Jacoby/HOU/ECT@ECT
cc:
Subject: Re: Tripp Scott Proposed Terms of Engagement

Ben,

What are these folks supposed to do for Enron?  I had heard a rumor that we
were looking to hire someone to lobby for us on a success fee basis.  Is this
the same deal?  I know on the international side there were hoops to jump
through before such an engagement could be signed off on.  I'll have to check
to see what the drill is on this side of the street.

Kay

	From:  Ben F Jacoby @ ECT                           02/28/2001 12:18 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann
cc:

Subject: Tripp Scott Proposed Terms of Engagement

Per my earlier e-mail, attached is Tripp Scott's form.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 02/28/2001 12:17 PM
---------------------------

Steven Krimsky@ENRON
02/28/2001 09:11 AM
To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: Tripp Scott Proposed Terms of Engagement

As discussed, Roger has no problem engaging Tripp Scott.  He does want to use
Enron's standard 9 page engagement letter in lieu of the attached 2 pager
received from Tripp Scott.  Is this necessary - any thoughts?

Steve

---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/28/2001
09:08 AM ---------------------------

Steven Krimsky
02/16/2001 03:44 PM
To: Ben Jacoby/HOU/ECT@ECT, Roger Balog@ECT, Marchris Robinson/NA/Enron@Enron
cc:

Subject: Tripp Scott Proposed Terms of Engagement

As discussed in Fort Pierce, Tripp Scott is that insurance policy I've been
looking for to help secure the commission vote in Pompano.  Tripp Scott will
also assist us in our door knock campaign in the County & Tallahassee.
Pozzuoli is a mover & shaker and is on a first name basis with Jeb Bush -  he
was the Chairman for the Bush/Cheny Broward County re-count.

Bill Keith & Debbie Orshefsky highly recommends the engagement.

Lets discuss Tuesday.

Steve
---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/16/2001
03:38 PM ---------------------------

"Edward J. Pozzuoli (Paulette R Segal)" <PRS@trippscott.usa.com> on
02/14/2001 01:56:42 PM
To: steven.krimsky@enron.com
cc: TSCS.TSCS-1.ejp@mail4.allegro.net

Subject: Proposed Terms of Engagement

It was a pleasure meeting with you and Debbie on Monday afternoon.  Per our
discussion, enclosed is Tripp Scott's proposed terms of engagement as well as
an abbreviated description of the firm and its key directors.

I look forward to speaking with you soon.

Ed
 - 239299.WPD
 - 239243.WPD


i'm just entering those deals.

Evelyn Metoyer@ENRON
02/09/2001 12:57 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2-9-01 Checkout

I am missing the following deals for Matt Motley per Prebon:

Buy from Salt River Project 25 mw of March Palo Verde at $205
Sell to Merrill 25 mw of Q3'01 NP -15 at $272
Sell to SMUD 50 mw of Q3'01 NP-15 off-peak  $165
Buy from Duke 50 mw of MEAD CAL'02- Cal'06 at $84
Sell to Duke 50 mw of Palo Verde Cal'02-Cal'06 at $75


Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


<http://www.forestweb.com/digest/images/news/corps/197.gif>

PULP, WRITING & PRINTING PAPER 10/25/2001

Welcome to Enron's Pulp, Writing & Printing Paper News Service. This daily mailing brings the most recent news headlines right to your inbox. You may also receive this daily service specific to the following areas: 1) Recovered, Container & Packaging; 2) Newsprint; 3) Lumber. To join any of these lists, CLICK HERE <http://www.forestweb.com/fwsnippets/mailinglists/enron_lists.html>.

If you have any comments or feedback, simply reply to this email. If you would like to unsubscribe to the Pulp, Writing & Printing Paper News service, please scroll to the bottom of this email for instruction.

Thanks and enjoy.

Contents

St. James Paper develops 'anti-anthrax' envelope ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14679>...)
UPM-Kymmene says profits 'satisfactory' despite low capacity-use rates ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14685>...)
Holmen reports operating profits rise, earnings per share fall ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14689>...)
Domtar underwriters exercise option to purchase 5 million additional shares ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14712>...)
S?dra SEK 529 million profit for first nine months of 2001 ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14658>...)
Kalamazoo, Mich., seeks $500,000 in back taxes on closed G-P paper mill ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14660>...)
G-P Leaf River pulp mill sale deal with Enron falls through ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14677>...)
Great Northern groundwood paper mill in Maine to shut for two weeks ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#story14678>...)

St. James Paper develops 'anti-anthrax' envelope

10/25/2001 05:06:56, PRNewswire

GREAT FALLS, Va., Oct. 25, 2001 (press release) -- St. James Paper Ltd today announced the successful development of its new Safetylope line of envelopes and shipping cartons. These patent pending materials are designed in such a manner that they cannot hold a powder and make it easier for detector devices to "sniff" the presence of plastique and other dangerous materials....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14679&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

UPM-Kymmene says profits 'satisfactory' despite low capacity-use rates

10/25/2001 07:50:08, Press Release

HELSINKI, Oct. 25, 2001 (press release) -- UPM-Kymmene today released its

INTERIM REVIEW 1 JANUARY-30 SEPTEMBER 2001

- Profitability was satisfactory despite low capacity utilization rates...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14685&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

Holmen reports operating profits rise, earnings per share fall

10/25/2001 08:04:51, HUGIN

STOCKHOLM, Oct. 25, 2001 (press release) -- Holmen today released its:

INTERIM REPORT JANUARY - SEPTEMBER 2001

SUMMARY GROUP

- The profit after financial items amounted to MSEK 2,1...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14689&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

Domtar underwriters exercise option to purchase 5 million additional shares

10/25/2001 09:26:34, PRNewswire

MONTREAL, Oct. 25, 2001 (press release) - Domtar Inc. announced that the underwriters of its public offering of common shares on October 5th, 2001 have exercised their over-allotment option to purchase 5 million additional common shares at a price of $11.44 per share....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14712&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

S?dra SEK 529 million profit for first nine months of 2001

10/24/2001 11:44:37, Press Release

VLAXJO,Sweden, Oct.24, 2001 (Press release) -- The Swedish forest industry Group, S?dra, reports a profit for the first nine months of 2001 of SEK 529M (1,848). Net sales amounted to SEK 7,902M (8,880)....
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14658&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

Kalamazoo, Mich., seeks $500,000 in back taxes on closed G-P paper mill

10/24/2001 11:50:39, Kalamazoo Gazette

By Cedric Ricks

Kalamazoo Gazette

KALAMAZOO, Mich., Oct. 24, 2001 (Kalamazoo Gazette) -- Kalamazoo Township officials will ask the state to bill Georgia Pacific...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14660&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

G-P Leaf River pulp mill sale deal with Enron falls through

10/24/2001 17:43:03, Forestweb

By Diane Keaton

San Francisco, Oct. 24, 2001 (Forestweb) -- The tentative deal for Georgia-Pacific Corp. (G-P) to sell its Leaf River market pulp mill to Enron Corp. has collapsed, accord...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14677&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

Great Northern groundwood paper mill in Maine to shut for two weeks

10/24/2001 18:08:36, Press Reports

SAN FRANCISCO, Oct. 24, 2001 (Forestweb/press reports) -- Inexcon Inc.'s coated and uncoated groundwood paper mill in Millinocket, Maine, will shut down for two weeks due to weak markets, according to local press reports today. ...
(Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=14678&_UserReference=54223203CB8916E83BD83696>)

top of page <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2009&_UserReference=54223203CB8916E83BD83696#top>
  _____

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powered by Forestweb


John,

I need a list of names of everyone who will be using Vol Smile.  I will need
the names and the priveleges for each person.  The privelege can either be
read or read and write.  I have already set the spreadsheet for this
authorization check.  The table is set up in test right now.  Prior to moving
it to production, I'll  need the names and priveleges from you.  I will let
you know as soon as Vol Smile authorization is complete.  Thanks.

Margie
53706


Clare,

Thanks for your note.  Your e-mail trouble is due to the spelling of Tana's
name - should only be one 'n.'  I am forwarding this on to her.

Mark

	Clare.Godson@AllenOvery.com
	10/09/2000 04:50 AM

		 To: mark.taylor@enron.com
		 cc:
		 Subject: FW: Deutsche Bank ISDA Master Agreements

Mark,

I am having some problems sending this to Tanna.  her e-mail keeps bouncing
back.  Could you pass this on to her please?

many thanks for your help.

Kind regards,

Clare

>  -----Original Message-----
> From:  Godson, Clare:ICM (LN)
> Sent: Friday, October 06, 2000 3:16 PM
> To: 'tanna.jones@enron.com'
> Cc: Markus.Fiala@enron.com; Nicholas.J.Stephan@enron.com;
> Rod.Nelson@enron.com; 'Elaine.Bannerman-Sowah@enron.com';
> edmund.cooper@enron.com; denis.o'connell@enron.com; paul.simons@enron.com
> Subject: RE: Deutsche Bank ISDA Master Agreements
>
>
> Tanna,
>
> Could you please give me an update on where things stand on the
> finalisation of the Guarantees and Schedule with Deutsche.  I understood
> that the guarantees were with Enron Corp. for final approval and
> signature.  Is the documentation now agreed? As you are aware the
> negotiation of the documentation with EnronCredit.com is dependent upon
> the finalisation of the documentation outstanding with Houston.
>
> Many thanks for your help.
>
> Kind regards,
>
> Clare
>  -----Original Message-----
> From:  Godson, Clare:ICM (LN)
> Sent: Friday, September 22, 2000 3:06 PM
> To: 'tanna.jones@enron.com'
> Subject: First Union National Bank (FUNB) ISDA Master Agreements
>
> Tanna,
>
> Thanks for your help on the Goldman Sachs and Deutsche negotiations.  If
> you could keep me posted on the timing of the Deutsche agreements being
> put in place that would be really helpful.  I also have another quick
> request and that relates to the ISDA Master Agreement with FUNB.  I have
> spoken to Delene Travella at FUNB.  They are negotiating an ECTRIC
> Schedule with you in Houston which they want to finalise before commencing
> EnronCredit.com's negotiation.  Can you give me an update on where this
> negotiation stands and how long before it is likely to be finalised?
>
> Many thanks,
>
> Clare Godson

======================================================================

This email is confidential and may also be privileged.  If you are not the
intended recipient please notify us immediately by telephoning +44 (20) 7330
3000 and requesting the Technology Services Helpdesk. You should not copy it
or use it for any purpose nor disclose its contents to any other person.

Allen & Overy
One New Change
London
EC4M 9QQ

Tel:+44 (20) 7330 3000
Fax: +44 (20) 7330 9999
General Email: Helpdesk@allenovery.com
www: http://www.allenovery.com

Allen & Overy is a solicitors' partnership.  A list of the names of partners
and their professional qualifications is open to inspection at the above
office.  The partners are either solicitors or registered foreign lawyers.

======================================================================


By now, most of you are aware that Enron will be acquiring London-based MG
Plc, one of the world,s leading metals marketers.  In connection with our
on-going activities relating to MG Plc, I thought it would be helpful to
provide you with a brief overview of on our future new metals business, to
further explain the reasons underlying the acquisition and to update you on
the integration team,s accomplishments to date.

What is MG Plc?
MG Plc is a leading, independent international metals trading business, which
provides a variety of services to the global metals industry. The business
dates back to 1881 when it was the German Metallgesellschaft Group and was
active in trading metals from its head office in Frankfurt.  Today, MG is one
of the world,s top non-ferrous metals brokers and market makers, the world,s
leading independent copper merchant and a leading merchant of many other
non-ferrous metals.

MG is comprised of two core areas of expertise, the Financial Services and
Merchanting Divisions.  The Financial Services Division was formed in 1970 to
provide market-making and trading services to the MG,s physical metals
trading business through futures trading as a member of the London Metal
Exchange and, at a later date, as a member of COMEX in New York.  In the late
1980s, as a result of London,s growing leading role in the metals industry,
MG established a merchant trading office in London.  In 1986, MG developed
its warehousing division with the acquisition of Henry Bath.  In 1999, the
Merchanting and Financial Services Divisions, including warehousing, were
combined into a single company, which was floated on the London Stock
Exchange.  Currently, MG,s core trading offices are located in London and New
York with warehouse operations in Liverpool, Humberside, Rotterdam, New
Orleans, New Haven, and Singapore. It has merchanting offices in Lima,
Santiago, Los Angeles, Chicago, Stockholm, Cologne, Hamburg, Frankfurt, New
Delhi, Shanghai, Beijing, Hong Kong, Seoul, Tokyo and Melbourne.

What does the Merchanting Division do?
The Merchanting Division is the world,s leading independent copper merchant,
one of the top three independent merchants of copper concentrates and nickel
and one of the leading European merchants of recycled non-ferrous metals. The
division also trades in other non-ferrous metals on the London Metals
Exchange (LME), including lead, tin, zinc, aluminium and brass.

The Merchanting Division engages in the following main activities:

? Merchanting of Non-ferrous Metals ) MG trades as a principal with producers
and consumers, buying and selling non-ferrous metals and concentrates
(particularly copper, aluminium and nickel), exchanging qualities and
locations and lending and borrowing metals.
? Global Stockholding ) MG holds stocks of non-ferrous metals at warehouses
around the world.
? Merchanting of Recycled Metal ) MG trades as a principal with suppliers and
consumers of non-ferrous metal for recycling.
? Terminal Market Operations ) MG participates in the LME and COMEX using
hedging, arbitrage and position management to support its merchanting
activity.

What does the Financial Services Division do?
The Financial Services Division is one of the leading LME members and, based
on the volume of LME metals stored, is one of the leading LME metals
warehousing businesses.

The Financial Services Division engages in the following main activities:

? Brokerage Activities ) MG executes orders as a broker for clients in LME
and COMEX contracts.
? Market-Making ) MG is a market-maker for both futures and options contracts
and COMEX and OTC contracts.
? Warehousing ) MG stores metals and other goods in eleven locations in
Europe, the United States and Asia.

MG has also begun to prepare to trade non-ferrous metals using the internet
as its platform.  On 10th February, MG announced the formation of a joint
venture with Internet Capital Group, Inc. and Safeguard International Fund,
L.P. to develop an internet marketplace for trading non-ferrous metals. The
joint venture, called EMETRA, intends to establish a world-wide
business-to-business, e-commerce trading platform for the non-ferrous metals
markets, including physical trading and the trading of futures and options
contracts.

Why is Enron acquiring MG?
Enron is committed to expanding its position as a global leader in wholesale
markets. By expanding into new wholesale markets, such as non-ferrous metals,
Enron expects to leverage its wholesale expertise and will be able to offer
customers new products and solutions to address their business needs which
link different commodities and inputs.

MG will provide Enron with a number of important benefits.  At the same time,
Enron expects that MG will significantly benefit from its association with
Enron.  Some of the benefits we envisage include:

? The opportunity to combine Enron,s core competencies in trading, finance
and origination with MG,s global position in trading non-ferrous metals.

? The ability for both Enron and MG to access new clients, particularly in
the United States and Europe.

? The ability to cross-market both existing products and new products such as
bundled products that offer combined metals and power outsourcing.

? The ability to leverage the opportunities available to MG by increasing its
financial strength and the resources available to it.

? The chance to overlay the EnronOnline business-model on the metals industry
to increase liquidity and contract market share.

What remains to be done?
Merging the business operations of two entities, even highly motivated
companies such as Enron and MG, has been and will continue to be a formidable
and daunting exercise.  Having a shared vision facilitates rapid integration,
but there are many complicated and complex tasks that remain.  During the
conditional offer period, Enron and MG are taking steps to prepare for a
seamless and non-disruptive integration of our respective operations.
Ideally, when Enron,s offer to buy all MG shares becomes unconditional (15
July 2000 is the current target date), the two can hit the ground with their
feet running.

In the short term, a number of things must be accomplished to facilitate that
smooth transition.  Most importantly, in order to ensure that the deal goes
forward, Enron and MG will work to remove the remaining conditions to Enron,s
offer, including obtaining the shareholder approvals from all shareholders as
well as obtaining relevant regulatory consents.

A number of other steps must be taken, however, during the first phase of our
integration timetable to ensure that everything stays on track.  Integration
activities will focus on four primary aspects of our operations: commercial
matters, financial matters, middle and back office issues; and, most
importantly, on the employees of both organisations.  Some of the most
important goals relating to each of these areas are:

Commercial
? Developing physical metal contracts suitable for listing on EnronOnline and
installing necessary communication and technology links to facilitate data
transfers and information flows between MG and Enron.
? Preparing a joint venture management plan for MG's interest in EMETRA that
is consistent with Enron,s goal of listing physical metal contracts on
EnronOnline.
? Identifying opportunities to
- combine Enron's core competencies in trading, finance, and origination with
MG's global position in trading non-ferrous metals;
- leverage MG,s position by increasing its financial strength and resources
available to it;
- cross-market both existing and new products to Enron and MG customers,
particularly in the US and Europe; and
- grow MG's metal trading franchise.

Financial
? Obtaining waivers from MG's banks in respect of change of control in loan
or other agreements.
? Preparing plans to integrate cash management functions and putting in place
funding arrangements for August 2000 onwards.
? Preparing plans to arrange large-scale inventory securitisation to reduce
balance sheet debt before year-end.

Middle and Back Office
? Preparing financial information necessary to understand and maximise
integration benefits including, pro-forma consolidated financial statements;
profit and loss budgets for the third and fourth quarters of 2000; and
integration budgets.
? Determining the feasibility of integrating accounting systems (AS400, SAP).
? Assessing  MG's core trading and risk profiles and developing plans to
incorporate risk profiles in MG's metals books into Enron systems.
? Evaluating IT systems and infra-structure at all MG office + warehouse
locations and preparing budgets and programmes to provide MG staff with
access to Enron IT systems and applications.

People
? Preparing a programme to co-locate MG's London staff (145) at Enron House
over the weekend of 16/17 September.
? Developing plans to harmonize compensation, benefits, and employment
policies and practices; developing plans for staff reporting relationships.
? Communicating plans and status of activities at all levels of Enron's and
MG's organizations.
? Arranging introductions between Enron and MG staff and providing
opportunities for information exchanges.

Where do we go from here?
I believe that Enron,s acquisition of MG is an exciting opportunity for us
all.  While a number of steps remain to be taken, we have already
successfully begun the integration of Enron and MG.  By remaining
enthusiastic and committed to this process, I expect that this transition
will proceed smoothly and with a minimum of difficulty.

Summary of MG Offices/Staff Worldwide

Location	Employee
	Headcount	Location	Employee
			Headcount
Brazil
Canada
Chicago
Chile
Edinburgh
Frankfurt
Germany
Hamburg
Hong Kong
Houston
K?ln
Lima
Liverpool
London
Los Angeles, CA
Missouri	1
	4
	6
	1
	1
	28
	1
	39
	1
	2
	1
	1
	38
	152
	18
	3	Moscow
		NY
		Peru
		Rotterdam
		Shanghai
		Singapore
		South Africa
		Spain
		Stockholm
		Tokyo
		HENRY BATH CAMBERLEY
		HENRY BATH EDINBURGH
		HENRY BATH LONDON
		HENRY BATH MANCHESTER
		HENRY BATH AVONMOUTH
		LIVERPOOL ) HB & SON	1
			46
			1
			29
			1
			7
			1
			1
			2
			8
			2
			1
			10
			2
			4
			18

For further information or queries regarding MG, please contact Eric Gadd.
Direct no:  +44 20 7783 6595
Fax no:      +44 20 7783 8314


Sara,

Nick Stephan has agreed to meet with us to inform us about various aspects of
securities/commodities/futures trading.  Both Nick and I are flexible on our
schedules, but propose Tuesday at 10:00am for a one-hour initial meeting.
Please confirm whether this will work for you (or propose an alternate
day/time) so I can make arrangements for a meeting room.

Paul


Isabel,

If you will email me your contact info, I will pass it along to GE.

Thanks,

Kay


Good Morning,

Here is the spreadsheet that you sent out with the access for the West Power Scheduling group. The users are now only me, Diane Cutsforth, and Donald Robinson.

I dont' know if you are aware, but we are having problems with accessing both PreSchedule Workspace and Path Confirmation. Donald Robinson and Diane Cutsforth have more details than I do, as I have been out on medical leave for a month.

Donald tried to login this morning and had problems, If you are aware of this bug let me know, if you need more details, please speak to him.

His number is 503/464-3902

Thanks,

Cara


Hello Karen,
Attached is the market wrap for this week.

Thanks,
Monika


Louise,

I hope you had a pleasant weekend in N.O.  If you have a few minutes to
spare, I'd like to get together with you this afternoon  to talk about the
weather deal documentation.  As I tried to draft up the standard GTC's I
realized there are more variables in these transactions than are currently
listed in the short & long description lists.

Mark


Yes - you name the time

-----Original Message-----
From: Hayslett, Rod
Sent: Monday, February 11, 2002 1:58 PM
To: Corman, Shelley; Hotte, Steve
Subject:
Importance: High

Are you 2 available thursday am to review th IT capital for NNG with Dynegy?
Rod Hayslett
Office  713-853-6178
Cell     713-201-6135
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


-----Original Message-----
From: 	Seely, Michael
Sent:	Wednesday, November 28, 2001 12:45 PM
To:	Sturm, Fletcher J.
Subject:	BrokerQuote(MidWest).xls

Please disregard previous email.

Steve


FYI.  Calger is in active talks with Freeman and DWR lawyers about the offer
letter we submitted on Tuesday.  Freeman's very anxious to do a deal for 200
MWs from the West Desk and then start talking about a deal for power from
Parquet's Pastoria plant.  Credit is of course the issue and Calger's told
them that unless the credit issue is bulletproof it's not going to work.  See
Chris' comments below.  It looks like progress is being made, but the details
will make it or break it.  Any thoughts?  Might make sense to discuss on the
call.  Please forward along to others.  Thanks.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/09/2001 10:22 AM -----

	Christopher F Calger@ECT
	02/08/2001 06:11 PM

		 To: Tracy Ngo/PDX/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Chris H Foster/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
		 cc:
		 Subject: CDWR Credit Proposal

CDWR is proposing to all potential suppliers the following security package
for new PPA's:

1) Irrevocable PUC Order / Agreement that "locks in the revenue stream" for
CDWR to cover the PPA costs.

2) PPA covenant that the power supplier has payment priority over any debt,
including the contemplated debt issue
  - the concept is that the supply is the operating cost and any debt would
be subordinate

3) PPA Covenant that their is a uniform package to all suppliers; no more
favorable terms or priority to ayone, no L/C, etc.

Subject to definitive language, CDWR is trying to get people to buy into this
general plan.  What do people think?  Please try to shoot holes in this.
Please forward to the appropriate legal, regulatory and credit folks to air
this out.

Thanks,

Chris


gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 06/26/2001 06:00 PM -----

	Maureen McVicker
	06/26/2001 04:43 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: transcription

Here it is:


Jeff, I'd be grateful if you could retransmit this in more accessible code.


Get ready to help the Body Shop celebrate it's 15th anniversary and kick off
National Health and Fitness Week.

Beginning Monday, May 14 and ending Friday, May 18, 2001 all Enron Employees
are invited to work-out at the Body Shop as a complimentary guest.  Just
visit http://hrweb.enron.com/wellness, print and fill-out the body shop 15th
anniversary guest form, and return it to the Body Shop prior to your first
workout.

The week long celebration includes a speech and autograph session with Clyde
Drexler, Monday, May 14, 2001, 11:30 AM-12:00 noon (spaces will be limited
and you must RSVP to Body.Shop@enron.com  by Friday, May 11, 2001, 3:00 PM);
an early morning workout with the Houston Rocket's Power Girls on, Thursday,
May 17, 2001 starting at 6:30 AM followed by breakfast and autograph session
in the Body Shop Fuel Station at 7:30am - 8:30am; a boot camp style class led
by the German/American Foreign Legion and much, much more.

Visit the Body Shop website for a detailed calendar of events, or for
additional information, please e-mail the Body Shop at Body.Shop@enron.com.


Rosemary Gracey
Marketing - 402/398-7431
rosemary.gracey@enron.com


I just received a fifty page "expert" report about PaineWebber and ECT
Securities over Ralph Hellmold's signature.  The report is totally
argumentative and was obviously written by lawyers and not by Hellmold.

This is an unfortunate development for one reason.  When we make Farallon a
settlement offer in a day or so, they may well believe that it came in
reaction to this report.  I will try to disabuse them of that, but I may or
may not be successful.

I'll fax you the report.

................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................


-----Original Message-----
From: 	Whitman, Britt
Sent:	Tuesday, October 02, 2001 5:16 PM
To:	Allen, Phillip K.; Kitchen, Louise; Lavorato, John; Presto, Kevin M.
Cc:	Black, Don; Calger, Christopher F.; Davis, Mark Dana; Gaskill, Chris; Gilbert-smith, Doug; Grigsby, Mike; Herndon, Rogers; Johnston, Robert; Lewis, James; Milnthorp, Rob; Sturm, Fletcher J.; Walsh, Kristin
Subject:	Western Issues Update 10-02-2001


Hi Everyone,

I thought it would be helpful to you, in filling out the faculty
evaluations, if  I explained a bit further how the administration views the
quantitative rankings you give to instructors.  Specifically, there are two
questions at the end of the evaluation form that ask you about the teaching
effectiveness of the instructor and whether you would recommend the
instructor to a friend.  You are asked to answer these two questions on a
scale from 1 - 7, with 1 being "Not at all effective" and 7 being
"Extremely effective."

As viewed by the administration, a median score of 5 or above is considered
acceptable.  While we would love to have everyone earning a 6, this is
quite difficult to accomplish!  Scores below 5 are taken very seriously.

In the case of a visitor earning below a 5.0, he or she is given one more
semester to improve
their teaching.  If in the next semester the instructor does not improve
(earn a 5.0 or above), it is unlikely he or she will be rehired.

In the case of a regular faculty member earning below a 5.0, the
administration works with him
or her on a plan to improve his or her teaching.  In some cases, the
instructor may
not be allowed to teach the course again.

Please be sure to utilize the full range of the evaluation scale so that we
can continue to reward those  faculty members who are doing a great job and
work with those who need improvement.

Cheers,

Diane


I think that would be a maximum amount.  I think it needs to be short and
sweet.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/24/2001 09:09 AM

		 To: Leslie Lawner/NA/Enron@Enron
		 cc: Harry Kingerski/NA/Enron@ENRON, James D Steffes/NA/Enron@ENRON
		 Subject: RE: Response to ORA/TURN petition

Are we talking 10 hours worth of work for this pleading?  If so, then $2500
seems good.


No I do not.  I will ask Greg Johnston.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com

	Tana Jones
	03/09/2001 05:32 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Canada Work Report

Do you have copies of the Alberta and British Columbia Acts?  I know they are
less stringent than the US rules, but I don't know the exact levels.
----- Forwarded by Tana Jones/HOU/ECT on 03/09/2001 05:30 PM -----

	Wendy Conwell@ENRON
	03/09/2001 05:12 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Canada Work Report

Speaking of Canadian eligible contract participants...I was told from an
originator in Canada that per someone in Enron Canada's legal department,
Canadian contract participants are not held to the same standards as US (i.e.
they are not required to have minimum assets &/or equity etc.).  Is this
true???  Please advise and forward to me the eligible contract participant
information we discussed at the happy-hour last wednesday.

Thanks
WEndy
---------------------- Forwarded by Wendy Conwell/NA/Enron on 03/09/2001
05:08 PM ---------------------------

MARY COOK@ECT
03/09/2001 02:06 PM
To: Derek Davies/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Mark
Powell/CAL/ECT@ECT, Chris Gaffney/TOR/ECT@ECT
cc: Tracy Ngo/PDX/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Susan
Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT

Subject: Canada Work Report

See attached.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


[IMAGE]	Fantasy Football Newsletter
  November 16, 2001

     [IMAGE]Fantasy Sports     [IMAGE]Fantasy Football     [IMAGE]CBS SportsLine.com

  Welcome to another edition of the 2001 Fantasy Football Newsletter!      The Fantasy Football newsletter will arrive in your e-mail inbox every Friday. We'll include news about the web site; tips on using all the features available; and answers to your player-related questions from the "Gridiron Guru."   	[IMAGE]	Inside      ? Plan for the Playoffs   ? Game-by-Game Analysis   ? Gridiron Guru   ? Tip of the Week

 [IMAGE]  [IMAGE]  [IMAGE]

    Plan for the Playoffs     The Fantasy season is nearing its end, and the playoffs are on the horizon. For Fantasy 2001 players, the playoffs begin with NFL week 15 (games of Dec. 22-23) and last two weeks, with the championship game in week 16 (games of Dec. 29-30.)  If you're in a Football Commissioner league, go to Schedule, Playoffs to see when your playoffs start and how many rounds they last. Of course, the matchups are probably still not determined, so you may not see teams listed in the brackets. The commissioner of your league is responsible for adding the teams to your playoff brackets at the end of your regular season.  If your team is still in contention, go to NFL Teams, Schedule and take note of the NFL teams with byes during your playoff weeks, so you know which players will be available if - and WHEN - your team competes in a playoff matchup.

    Game-by-Game Analysis     Go to Players, Game Log to see how a particular player did in each game this season. The player's statistics in the common categories will be displayed for each game. If you are breaking down free agents, the game log is great way to see who's been getting the most consistent production.

    Gridiron Guru     Welcome to Gridiron Guru, where we'll answer your questions about players and offer Fantasy Football roster advice. We invite you to send your own scouting reports and comments on players to: gridguru@commissioner.com . You'll get the chance to be heard by thousands of Fantasy players just like yourself!

  Question - Mike Blake     I'm having trouble filling my No. 2 WR spot. Should I start Az-Zahir Hakim, Todd Pinkston or Muhsin Muhammad in week ten?    Answer - GG     Hakim is a hit-or-miss type, so he's risky. Pinkston has done nothing in his last four games, and he's losing playing time to Freddie Mitchell. Muhammad bounced back from a few bad performances to catch six passes for 75 yards last weekend against St. Louis, and has had some past success against this week's opponent, San Francisco. Go with Muhammad.

  Question - Russell Brown     My league starts 2 QBs. Donovan McNabb is one  of my starters. Who else should I start? I have Tom Brady,  Vinny Testaverde and Doug Flutie.    Answer - GG     Testaverde's Fantasy value has taken a real hit this  season because of the Jets' conservative offense. Flutie  struggled last week against a bad Denver secondary, and  won't have an easier time against Oakland. We'd suggest  playing Brady, who will start against St. Louis despite the  return of Drew Bledsoe. Brady has thrown 11 touchdowns in  his last five games, and is playing too well to bench.

  Question - Chris Gilcrest     Who would you start at QB this weekend: Rich  Gannon or Kerry Collins? Which one of these four RBs would  you bench: Eddie George, Michael Pittman, Mike Anderson,  Curtis Martin?     Answer - GG     Collins has the better matchup of the two QBs, but  he's far too inconsistent to start over a player like  Gannon. Oakland will be looking to bounce back from a subpar  performance against Seattle, so look for Gannon to have a  solid game. As for your second question, bench Mike  Anderson. You can't bench Martin, no matter how bad the  matchup may be. George has four touchdowns in his last three  games against Cincinnati, and is worth starting despite his  struggles this season; and Pittman's matchup against Detroit  is too good to ignore.

    Tip of the Week      Keith Simmons, Boulder, CO: Can Terrell Davis ever stay  healthy? He comes back and teases Fantasy owners with his  solid play over the last two weeks, only to fall prey to  another knee injury this past Sunday. He was once the best  Fantasy player in the league, but now Davis is an  unreliable, injury-prone shell of his former self.

  This message has been sent to pallen@enron.com, provided free of charge and free of obligation. If you prefer not to receive emails of this nature please send an email to remove@commissioner.com . Do not respond to this email directly.


Please find attached the latest Q&A document which incorporates the comments
that Karen Denne received by 1:00 p.m. EST today.


Mark and John,

Michelle's understanding is that I am no longer to oversee this litigation.
This is fine with me if that is your decision.  I think Michelle can handle
it without my oversight.   On the other hand I am free to stay engaged as
long as you want me to be.  Could you clarify our roles for both of us?
Thanks.


Patti,

Sorry for the delay but I was away last week.  Details provided below.

Thanks

David

	Enron Capital & Trade Resources Corp.

	From:  Sally Beck                           10/10/2000 23:58

Sent by: Patti Thompson
To: Mike Jordan/LON/ECT@ECT, James New/LON/ECT@ECT, Mike
Wellings/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Robert Yeo/LON/ECT@ECT, Paul
D'Arcy/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT, Andrew
Cornfield/LON/ECT@ECT, Cindy Horn/LON/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Leslie Reeves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Stacey W
White/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT,
Brent A Price/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, D Todd
Hall/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT,
Fernley Dyson/LON/ECT@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jan-Erland Bekeng/AP/Enron@Enron, Scott Mills/HOU/ECT@ECT, Barry Pearce/Enron
Communications@Enron Communications, Kristin Albrecht/Enron
Communications@Enron Communications, Wanda Curry/HOU/ECT@ECT, Meredith M
Eggleston/HOU/EES@EES, Shona Wilson/NA/Enron@Enron, Eugenio
Perez/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Neil Tarling/Enron
Communications@Enron Communications
cc:

Subject: Global Operations Controller Forum

Please fill in the following information and email (or fax 713-345-8100) to
me as soon as possible. (The same day would be great!)

Please select dinner entr,e for Sunday, Oct 22	Pan seared medallions of Black
Angus tenderloin, or	Yes
	Grilled chicken breast w/ artichoke, mushrooms & light herb sauce
Hotel reservation:	Both Sunday and Monday nights	Yes
	Sunday night only
	Monday night only
	Extend for additional nights
	Smoking or non-smoking room	Smoking
Flight information:	Date of arrival
	Airline/flight number
	Houston arrival time
Shirt size:	Women's or men's size	men
	small, med, large, x-large, xx-large	large

Thanks,
Patti x39106


Stan and Alex -
Here is a paper that might help Stan in talking to EEI.  If nothing else, it
is a good background paper on our accomplishments, how we are organized, and
what we are doing now.  Rae

 - white paper 4-10-00.pdf


Please find attached the management summary and Hot List for May 11, 2001.
You will be receiving these reports every Monday afternoon.

Thanks,
Misti Day


----- Forwarded by Sara Shackleton/HOU/ECT on 12/27/2000 05:56 PM -----

	Michael.Collins@ubsw.com
	12/27/2000 05:47 PM

		 To: sara.shackleton@enron.com, jeff.nogid@enron.com
		 cc:
		 Subject: New draft trade confirmation

     Jeff and Sara,

     Please find attached a revised draft trade confirmation.

     You should note the most recent changes in a pink color in the
     document.

     Please call me with any questions.

     Mike Collins
     Executive Director
     Equity Risk Management
     UBS Warburg LLC
     203-719-8385 (phone)
     203-719-7031 (fax)

 - MARKUP.DOC

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.


Paula,

 35 million is fine

Phillip


The posting process as discussed below in Steve Kirks email is what we believe is the best way to handle the sale of any incremental Needles only capacity.

 In regard to new generally available capacity, for example as a result of a ROFR contract not rolling over,  the capacity would be posted as generally available, and again, per the tariff we are not required to agree to amend a primary point.  We would suggest use of a posting/open season that follows the turnback capacity for sale with the parameters for bidding laid out, including the time period for which we are accepting bids.  If no acceptable bids are received, and a shipper asks to amend their primary point, the tariff provides the right to decline unless agreed.  However, if you have given a shipper the contractual right to change their primary point ie, request an available point, you will have to accept the request.   Hope this helps and concurs with our discussion today.

 -----Original Message-----
From: 	Kirk, Steve
Sent:	Tuesday, October 09, 2001 3:26 PM
To:	Kilmer III, Robert; Lokey, Teb
Cc:	Miller, Mary Kay; Pavlou, Maria
Subject:	Increased Take-away at SoCal Needles

Based upon our understanding of the request from TW Marketing, here is our suggested position on the posting and awarding of potential take-away capacity at SoCal Needles from approximately 1/1/02 to 5/31/02.

TW would post on its website a notice in the capacity section that, based on information provided by SoCal regarding an expansion on their system, the take-away capacity at SoCal Needless may be increased by __Dth/day for the period of approximately 1/1/02 to 5/31/02.  Shippers would be advised that the actual start date would depend on SoCal completing their system modifications. The posting would say that TW would accept requests for such capacity during a stated period of time (a minimum of 3 business days).  TW would award the capacity to the shipper(s) willing to provide the greatest cost commitment. The greatest cost commitment would be defined as those revenues above and beyond the current revenues which Transwestern already receives from reservation charges being paid prior to the bid period.

Call me and I'll arrange for us to meet to discuss this further.   sjk


Frank

I was on vacation last week. Feel free to stop by anytime. Would be happy to be of any help.

Harry

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Monday, November 19, 2001 4:18 PM
To:	Arora, Harry
Subject:

Harry,
We are currently trying to stress some options that are Enpower to determine sensitivity to changes in price, vols or time.  Can I grab you a few moments to discuss.
Frank


Forgot the attachment.

----- Forwarded by James D Steffes/NA/Enron on 11/03/2000 01:55 PM -----

	James D Steffes
	11/03/2000 01:55 PM

		 To: Joe Hartsoe/Corp/Enron@ENRON
		 cc: Steven J Kean/NA/Enron@Enron
		 Subject: Steve Kean Issues

Joe --

Include these with your opening language and send to FERC.

Jim


Michael A. Robison
EB3859
(713) 853-6667 DID
(713) 646-4842 FAX


Morning John ,

Dailies traded 32, and 30
Jan traded 38.5, and 38, 38.
2002 traded small volume 40 (away)


yes. in fact, i suggested it. be great to book jim.  thanks.


when am i getting my victory dinner.   I figure I ought to hit you up now
before you get bac together with dave


We've done it again, everyone.   Enron has been named the "Most Innovative
Company in America" for the sixth consecutive year by Fortune.  That's right
-- six years in a row.   We continue to be recognized by our industry peers
and other corporate executives and securities analysts as the company that
sets the standard for doing business in the new economy.  Congratulations to
all of you for making it happen.

Enron placed No. 18 overall on Fortune's list of the nation's 535 "Most
Admired Companies," up from No. 36 last year.  We also were ranked among the
top five in "Quality of Management," "Quality of Products/Services" and
"Employee Talent."

This issue of Fortune is now available in airports and will be on newsstands
Monday, Feb. 12.  For more information, go to www.fortune.com.


Hi Sara--

As discussed, the latest draft.

Rgds,

Steve
---------------------- Forwarded by Steven Kessler on 10/05/2000 02:08 PM
---------------------------

10/05/2000 10:05 AM
Kelly Habenicht
Kelly Habenicht
Kelly Habenicht
10/05/2000 10:05 AM
10/05/2000 10:05 AM

To:   Steven Kessler@Bankers_Trust
cc:
Subject:

(See attached file: ENRON PARAGRAPH 13.DOC)(See attached file: ENRON SCHEDULE
(NEW VERSION).DOC)

 - ENRON PARAGRAPH 13.DOC
 - ENRON SCHEDULE (NEW VERSION).DOC


Start Date: 4/26/01; HourAhead hour: 11;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042611.txt


-----Original Message-----
From: 	stevens.gl.1@pg.com@ENRON [mailto:IMCEANOTES-stevens+2Egl+2E1+40pg+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, August 08, 2001 7:59 AM
To:	adams.rg@pg.com; anderson.tw.2@pg.com; berg.dj@pg.com; brenno.nl@pg.com; calhoun.pt@pg.com; cwiem1@aol.com; jhwk87@aol.com; jtholt@enron.com; karen stevens; mkswanson@uswest.net; peters.sl@pg.com; phillips.jg.2@pg.com; ralbeck@yahoo.com; ringdahl.kb@pg.com; edrosesoap@aol.com; JWS32042@aol.com; sheecatz@prodigy.net; telmanik.dp@pg.com; utz.tl@pg.com
Subject:	Fw: FW: People just don't understand!!

---------------------- Forwarded by Gary Stevens-GL-1/PGI on 08/08/2001 07:57 AM
---------------------------

 Internet Mail Message
 Received from host:
 femail15.sdc1.sfba.home.com [24.0.95.142]

From: "Ray Bealer" <r2bealer@home.com> on 08/08/2001 12:58 AM GMT

         "Ray Bealer"           To:   "Stephen Glauberg"
  <r2bealer@home.com>        <glauberg@bellsouth.net>, "Kari Bealer"
                             <karibealer@home.com>, "Margie Johnson"
                             <bigboytoys@qwest.net>, "Jay Acquazzino"
  08/07/2001 07:58 PM        <acquazz@bellsouth.net>, "Jamie Urban"
                             <Jamie418@home.com>, Gary Stevens-GL-1/PGI,
                             "Beth Svatora" <BSvatora@aol.com>
                                Cc:
                        Subject:      Fw: FW: People just don't
                             understand!!

----- Original Message -----
From: Greve, Stephanie <Stephanie.Greve@alltel.com>
To: <lynn.rosenbaum@home.com>; <rahawley18@yahoo.com>
Sent: Tuesday, July 24, 2001 4:25 PM
Subject: FW: FW: People just don't understand!!

>
>
> Stephanie Greve
> Key Account Representative
> (402) 827-6409 Desk
> (402) 690-3535 Cellular
>
> > -----Original Message-----
> > From: Melissa.Krzemien@Compaq.com at INTERNET
> > Sent: Tuesday, July 24, 2001 2:12 PM
> > To:   Greve, Stephanie; mard76@aol.com at INTERNET; gggrama@aol.com at
> > INTERNET; Christie@donandrons.coxatwork.com at INTERNET;
> > jeannine_lang@bmc.com at INTERNET
> > Subject:  Fwd: FW: People just don't understand!!
> >
> > OH MY! You must read before opening the attachment!
> > ---------------------- Forwarded by Melissa Krzemien/CEI on 07/24/2001
> > 02:11 PM
> > ---------------------------
> >
> >
> > Troy Johnson
> > 07/24/2001 01:40 PM
> >
> > To:   Scott Whitaker/CEI@CEI, Shawn Robinson/CEI@CEI, Matthew
> > Hinrichs/CEI@CEI,
> >       Joshua Reimer/CEI@CEI, Melissa Krzemien/CEI@CEI
> > cc:
> >
> > Subject:  Fwd: FW: People just don't understand!!
> >
> >
> > ---------------------- Forwarded by Troy Johnson/CEI on 07/24/2001 01:40
> > PM
> > ---------------------------
> >
> >
> >
> >
> > Dewey.Stuart@firstdatacorp.com on 07/24/2001 09:12:01 AM
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >  To:      Cory Byers/CEI, Troy Johnson/CEI, Tom Whitcomb/CEI,
> >           Richard.Cummings@experian.com
> >
> >  cc:
> >
> >
> >
> >  Subject: Fwd: FW: People just don't understand!!
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > > > Read the letter before opening the picture!!!!
> > > >
> > > > Dear Editor,
> > > > I met Laurie at a singles dance. I knew as soon as I looked at her
she
> > was
> > > > too young for me. Right I was. I was 54 and she was 32. Twenty two
> > years
> > > > my junior. I really regretted it because we got along so well that
> > > > evening. She made me feel so comfortable in her presence. Our age
> > > > difference didn't seem to matter to her as much as it did to me.
> > > >
> > > > I told her I felt people staring at us. I said they are probably
> > wondering
> > > > if I am your father. She thought I was being silly and said if I
> > wanted
> > to
> > > > see her again she would be honored to go out with me.
> > > >
> > > > Laurie and I have been dating now for three months. I really like
her
> > and
> > > > I think she likes me. Still, everywhere we go, I feel people
watching
> > us.
> > > > Sometimes they just outright stare. It is very annoying and I know
it
> > is
> > > > our age difference that draws these prolonged looks from everyone we
> > meet.
> > > >
> > > > I just feel so uncomfortable about this whole thing. Why do people
> > have
> > to
> > > > be so rude....?
> > > >
> > > >  <<Laurie (JPEG Image)>>
> > >
> >
> >
> > (See attached file: Laurie.jpg) <<Laurie.jpg>>
>

 - Laurie.jpg


We have 1 Mainline to Leach contract on CGLF

k# 38070 54,479 dth.


FYI,  Kim.

 -----Original Message-----
From: 	Roobaert, Preston
Sent:	Thursday, October 18, 2001 9:13 AM
To:	Watson, Kimberly
Subject:	Storage Points - TW/NNG Gray

Kim,

I wanted to update you on the status of the filing of the TW/NNG Gray storage point.  Anticipated approval is expected October 31st.  We do not anticipate any delays in the approval because this filing is identical to the last 4 filings we have done.  If you have questions please give me a call.

Thanks,

Preston


Sounds good to me.

	Tanya Rohauer
	01/04/2001 03:35 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Merger - El Paso Merchant Energy, L.P.

I would think adding the name would be adequate; do you agree?
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 01/04/2001 03:21
PM ---------------------------

From:  Veronica Espinoza @ ENRON
               01/04/2001 03:26 PM

To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Merger - El Paso Merchant Energy, L.P.

Pertaining to the email below--I spoke to El Paso this morning about the
gty's (there are a total of 3 in question covering financial and physical
deals w/ENA, HPL, and EPMI).  They agreed to have those three amended to
include the name El Paso Merchant Energy, LP (as they only include Gas, LP).
This is what their Legal is recommending in order to have the gty amendments
executed ASAP and to make it as clean as possible (since 2 of the 3 gty's are
tied to contracts).  Also, the amendments will be made effective as of
12/31/00.

Let me know if you think we should ask for completely new gty's.

Veronica
---------------------- Forwarded by Veronica Espinoza/Corp/Enron on
01/04/2001 03:20 PM ---------------------------
From: Tana Jones@ECT on 01/04/2001 02:28 PM
To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Derek
Bailey/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Kevin
Meredith/Corp/Enron@ENRON, Scott Tackett/Corp/Enron@Enron, Celeste
Cisneros/NA/Enron@Enron, Tiffany Williams/NA/Enron@Enron, Kim S
Theriot/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Paul
Radous/Corp/Enron@ENRON, Wendi LeBrocq/Corp/Enron@Enron, Russell
Diamond/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron,
Nidia Mendoza/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON, Brent Hendry/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Marilyn Colbert/HOU/ECT@ECT, Diane
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/LON/ECT@ECT, Bill D Hare/HOU/ECT@ect,
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT,
Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie
Southard/LON/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Melissa Ann Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON
cc: Jeffrey T Hodge/HOU/ECT@ECT, Jennifer Bagwell/NA/Enron@ENRON, Taffy
Milligan/HOU/ECT@ECT

Subject: Merger - El Paso Merchant Energy, L.P.

We have received copies of a Certificate of Merger filed with the Delaware
Secretary of State on 12/22/00, effective 12/31/00, wherein El Paso Merchant
Energy-Gas, L.P. (Global Counterparty #72297), a Delaware limited
partnership, merged with and into El Paso Merchant Energy, L.P. (Global
Counterparty #53350), a Delaware limited partnership, with El Paso Merchant
Energy, L.P. (Global Counterparty #53350) as the surviving corporation.

By virtue of this merger, the ISDA Master Agreement dated 12/01/99 should now
reflect El Paso Merchant Energy, L.P. as the Counterparty.  In connection
with this merger, Credit will be getting a new parent guaranty from the
Counterparty.  Upon its receipt, copies will be distributed.

Copies of the Certificate of Merger will be distributed.


they saw the light
---------------------- Forwarded by Doug Leach/HOU/ECT on 02/07/2001 07:36 AM
---------------------------

Carlos F Ubieto@ENRON_DEVELOPMENT
02/06/2001 08:05 PM
To: George R Lachner/HOU/ECT@ECT
cc: Doug Leach/HOU/ECT@ECT
Subject: Re: Esmeraldas pricing calculation

George,

Sorry for the delay but I was in a meetings during the day due to the coming
PQP Board Meeting.

I am complete agree with your recommendation. For us it is better if you can
issue an invoice for the correct amount for the January delivery and on
another line show the credit for the December delivery.

This is better and more clear way to do this.

Just to be complete clear and understood, we also cannot be a party to any
action that may be construed as circumventing the taxing authorities. What I
wrote in my previous e-mail was the way that we were invoiced in the past in
similar situation.

Regards, Carlos

George R Lachner@ECT
02/05/2001 03:02 PM
To: Carlos F Ubieto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Doug Leach/HOU/ECT@ECT

Subject: Re: Esmeraldas pricing calculation

AFTER DISCUSSIONS WITH DOUG LEACH AND  ENRON'S LEGAL
AND TAX DEPARTMENT'S  WE HAVE COME TO THE CONCLUSION
THAT WE CANNOT ISSUE AN INVOICE OUTSIDE THE CONTRACT
 TERMS.

WE ISSUED A PRELIMINARY INVOICE FOR THE DECEMBER DELIVERY
AND FOLLOWED UP WITH AN ADJUSTMENT IN JANUARY. THIS INVOICING
WAS AT YOUR REQUEST AND FOR YOUR CONVENIENCE. WE ASSUMED YOU
HAD TAKEN ALL THE RAMIFICATION OF YOUR REQUEST INTO CONSIDERATION.

WE CANNOT BE A PARTY TO ANY ACTION THAT MAY BE CONSTRUED AS
CIRCUMVENTING THE TAXING  AUTHORITIES.

HAVE YOU CONSIDERED ASKING FOR A REFUND OF VAT. BY THE WAY
HOW MUCH VAT ARE WE TALKING ABOUT. MY EXPERIENCE IS VAT IS
NORMALLY 15-18 %. THAT WOULD BE ONLY  $750-900. A LOT OF TIME
HAS BEEN SPENT A VERY SMALL AMOUNT OF MONEY.

WE CAN ISSUE AN INVOICE FOR THE CORRECT AMOUNT FOR THE JANUARY
DELIVERY AND ON ANOTHER LINE SHOW THE CREDIT FOR THE DECEMBER
DELIVERY, BUT UNDER NO CIRCUMSTANCES CAN WE ADJUST THE JANUARY
SALES PRICE. PLEASE CONFIRM  YOU WOULD PREFER THIS METHOD.

BEST REGARDS.


We will have activities on Thursday, April 26 for Bring Your Kid to Work
Day.  Please RSVP to
Theresa Villeggiante via email by 5:00 PM on Tuesday, April 23 with your
guest(s) name and age.

The schedule:

8:00 - 9:00 Breakfast Served in Mt. Hood and with parents
9:00 - 9:45 What we do on the Trading Floor Presentation in Mt Hood
10:00 - 10:30  Join PGE Group for Fun On The Plaza (2WTC, Open Area) Electric
Cars, Line Truck Demo, etc.
10:30 - 11:00 Join PGE Group for tours (tour executive floor, load dispatch,
sign up at 10:00 on the plaza)
11:00 - 11:30 with parents
11:30 - 12:15 Lunch served (sandwiches, chips, cookies)
12:30 - 1:00  IMAGO Theatre's delightful FROGZ show w/PGE Group,
2WTC-Auditorium (suitable for all ages)
Remainder of the afternoon with parents.

Please note, parents must attend PGE activities with their child(ren).

Let me know if you have any questions and remember to RSVP on Tuesday!

Thanks.

Mollie


Bankruptcy in California; Implications for our Growth Energy Names

* We would not sell Energy Merchants/Power Producers on news that PCG
has declared Chapter 11 bankruptcy.
* Ongoing payments in California are being made by the state;
therefore do not anticipate material exposure for ongoing earnings.
* Primary exposure is current receivables: (1) these one-time amounts
are limited (roughly estimate max. of 50% of 2001 earnings); and (2) we
expect that, as trade creditors, they will get high priority in a bankruptcy
proceeding. We think most of these amounts are likely to be recoverable,
although a significant (perhaps several year) delay is possible as these
claimants work their way through the bankruptcy process.
* By our rough estimation, companies with fairly significant one-time
earnings exposure include:  NRG, MIR, DYN, CPN.  Companies with fairly small
exposure include:  ENE, AES, WMB, EPG and DUK.

 <<PCG bankruptcy 4-9-01.pdf>>  <<PCG bankruptcy 4-9-01.doc>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - PCG bankruptcy 4-9-01.pdf
 - PCG bankruptcy 4-9-01.doc


---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/14/2001
09:24 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/14/2001 09:21 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT
cc:
Subject: Credit Report--2/14/01


He's in London, by the way.  Jeff

	Joe Gold
	02/05/2001 02:05 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: Re:

No problem.  I will probably be in NY sometime later this month.  If he is
interested in having a beer, I am interested in buying.

Joe

From: Jeffrey A Shankman on 05/02/2001 10:26 CST
To: Joe Gold/LON/ECT@ECT
cc:

Subject:

Sorry for the delay in getting back to you about my friend saar at goldman
sachs.  he recently moved departments, and I will get you relevant data
shortly.

regards.
 Jeff


Per my voice mail.  I think Suzanne already reserved a room.
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/18/2000
01:40 PM ---------------------------

Suzanne Adams
04/18/2000 12:05 PM
To: Carol St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Russell
Diamond/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Tracy
Ngo/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod Nelson/HOU/ECT@ECT, John
Suttle/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Christopher Smith/HOU/ECT@ECT,
Lesli Campbell/HOU/ECT@ECT, Mary Tudon/HOU/ECT@ECT, Paul
Radous/Corp/Enron@ENRON, Molly Harris/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT,
Edward Sacks/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Wendi
LeBrocq/Corp/Enron@Enron
cc:
Subject: Credit Group Lunch

A lunch meeting has been scheduled for Friday, May 5, 2000, from 12:00 p.m.
until 1:30 p.m. in 30C2 to go through in detail how the ISDA and CSA Masters
and Schedules work.

Please reply as soon as possible if you are going to attend this lunch
meeting (for catering purposes).  Thanks.


October 25, 2001
Notice #MS-96

NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

	Please be advised that effective  with the open of business, October
25, 2001, the following member(s) have given notice of intention to their
extra Membership within the Exchange:

Eric Bolling (RBI-4775)
Daniel Rappaport (RAP-966)

	Members and Member Firms have (10) days from the date of this notice
to advise the Corporate Secretary's Office of any claims in accordance with
Rule 2.51.

	Inquiries regarding the above should be addressed to the Member
Services Department at 212-299-2378.


from what i hear, her high rise appt is pretty much the reason for the
season, so to speak.....although she did sound a bit inspired about the
possibility of doing some buying work in the silver dept, which would
involve trips to the orient.  all this is second hand of course- was severly
hung over when niki talked to her on sun after the party.  i was a shameful
girl sat night- although i inflicted damage on no one but myself.  had mini
pms-induced temper tantrum/self-pity party at the bar w/ niki, her friend,
nima and wenus, then wandered off to catch the night bus at trafalger
square....needless to say, was so drunk i passed out on the bus, and slept
waaaaaaay past my stop, ending up somewhere in acton- the equiv of living in
lakewood, then waking up in hempstead.  had 3 pounds to my name, no money on
houston acct to pulse $ out, and at 4 am, not too many cabs haunting the
gangster area of acton.....was a pitiful scene.  had to bribe a mini cab to
drop me off as close to ladbrok grove as 3 pounds would take me, then
hobbled home about 3 miles in heels, whiney and drunk.  very sad.  no
matter.  am almost done w/ dreaded paper!
well, maybe it is time for susan to explore new territories.  am pretty damn
sure there are other alternatives to enron in the seattle area that offer
job description close to what you're doing or want to do.  enron is not the
only game in town- and shouldn't hold you back from having new experineces
or making inspired decisions.  could warrant some research.  keep me posted.
back to smae old, same old.....chat soon- will try to call after finish said
paper later tonight.
e

>From: Susan.M.Scott@enron.com
>To: ehillegeist@hotmail.com
>Subject: RE:
>Date: Mon, 30 Jul 2001 09:49:13 -0500
>
>Good luck with the paper...I know how inspired you get when deadlines start
>approaching, so I'm sure it'll be fabulous.  Sorry about the pulled muscle.
>What exactly does that do to the marathon plans?  Will you be able to
>compete still, or are you just going to hit all the wine stops now?
>
>I think you're right about Katy's move to Dallas. I have a feeling she's
>actually going to really like being there and working.  I pretty sure the
>folks are still helping out with living expenses, etc. so she won't have to
>make too big of an adjustment right off the bat.
>
>As for me, Seattle could definitely be a destination but it would require a
>job change.  Enron doesn't have any offices up there.  The closest office
>is Portland and for obvious and now unavoidable reasons I don't see a move
>there any time soon.  You are right about not being able to go wrong with a
>place possessing Austin-like qualities...they are highly desirable.
>
>I will most certainly try to keep the September date open...it would be
>great to see Britney and Arden.  We had Susan E.'s bachelorette party
>Saturday night (plus a bridal shower earlier that day).  Lisa hosted Laura
>White's at the apartment the same night.  I got to see and visit with Jenny
>Kenair (sp?), Janie Pitman, Rachel Pack among others.  Very interesting.
>The two bachelorette parties met up at Black Swan for late night dancing.
>Lis was in rare form.  I knew it was bad when she ran up and started
>hugging me....I think she almost crushed Susan and Kelly.  Anyway, it was
>actually pretty fun and I've decided I really like Susan's sister
>Betsy...good sense of humor and not at all be-boppy.  I did manage to trick
>her into doing the V-I-C-T-O-R-Y cheer at Black Swan though.  I thought it
>was pretty darn funny myself...she was mortified when she realized I'd got
>her to do a cheer.
>
>Once again...best of luck banging out your opus.  Talk to you soon.
>
>Sue
>
>If you're looking to procrastinate a little this evening you can give me a
>buzz on my cell.  I'd try calling 5 pm or after.
>
>
>     -----Original Message-----
>    From:   "Emily Hillegeist" <ehillegeist@hotmail.com>@ENRON
>
>[mailto:IMCEANOTES-+22Emily+20Hillegeist+22+20+3Cehillegeist+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
>
>
>    Sent:   Friday, July 27, 2001 5:25 PM
>    To:     sscott5@enron.com
>    Subject:
>
>    glad the trip was so smashing.  am pouting rt now b/c have to finish
>    next
>    law paper by tues- while evryone else travels.  liz and kerrie are in
>    stockholm, mom and dad in colorado...me stuck, w/ pulled groin muscle,
>    and
>    am hobbling around like a circus freak.  sounds like kates is off to
>    dallas.
>      think she's definitely ready for a chge of scenery.  and she's waited
>    long
>    enough!  would seattle be a potential destination?  could you do your
>    same
>    job there?  i guess so.  could be really fab- i'm up for anyone from
>the
>    grp
>    offering alternative vacation destinations.  everyone always raves
>about
>    seattle- isn't that were the begining of the ashley judd film double
>    jeopardy takes place?  gorgeous!  plus, if it has austin-like
>qualities,
>    how
>    could you go wrong?  like kates, you may be in need of a chge of
>    scenery-
>    even if it were just for a yr or so.....what will prob happen is kates
>    will
>    move to dallas, you'll move to seattle, and the next day i'll be
>offered
>    curator position or dream art law job in houston starting at about $
>    100,000+......then it will be me and the marrieds alone, stuck in
>    houston!
>    NB kitchen has been totally renovated- mom said it looks totally
>    different,
>    but can't really imagine it.  may be meeting brit and arden in NB sept
>    15-
>    save the date just in case it becomes a big party..... ok, am off.
>    rented
>    the house of mirth...again.  i really liked it for some reason....ok,
>    chat
>    soon-
>    e
>
>    _________________________________________________________________
>    Get your FREE download of MSN Explorer at
>    http://explorer.msn.com/intl.asp
>
>
>
>
>**********************************************************************
>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.
>**********************************************************************

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


It was good to see you in Norman earlier this week.  As always, I appreciated
your attendance at the presentation and at Coach's afterwards.  I am sure
that it is rewarding for you to see former students such as Jody and Nate
participating on the other side of the recruiting table.  You have done a
great job in changing and promoting the program.

I am pushing Lexi to resolve the question around interview dates for summer
interns ASAP.  I have also left Mike McConnell a message to make him aware of
the issue.  I should be able to get back with you next week, hopefully with a
change in our strategy!

If you do become aware of five OU /Texas tickets, please let me know.  We
will certainly purchase them, I just made the assumption that all tickets may
already be sold.

On another note, David has worn his OU shirt to work and has gotten lots of
compliments.  He has a number of people that have asked him about school
shirts, caps, etc.  Do you have a list of the schools that you can get
merchandise for and the types of merchandise that you can get?  Let me know
-- we can probably place a few orders through you!


Please call if you have any questions - 713 853 9123.


Your review and approval of the following product types in the EOL Data manager is needed (for directions on approval, please see steps for approval at the bottom of this e-mail).  Please do not approve before 11 A.M.

CAN Gas Fin Opt Call (2203)

CAN Gas Fin Opt	CGPR AECO Daily EC2.5	Dec01		CAD/G

CAN Gas Fin Opt Put (2204)

CAN Gas Fin Opt	CGPR AECO Daily EP2.494	Dec01		CAD/G

STEPS FOR APPROVAL:
click the 	START button
select 	PROGRAMS
select 	TEST APPLICATIONS
select	ENRONONLINE CLUSTER(PROD)
	PROCEED WITH USUAL LOGIN/PASSWORD
click the	Enron Online Production Cluster "START" button
select	EnronOnLine (this is the EOL Datamanager)
	PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
     TO APPROVE:  Right mouse click on "Approved"

Regards,

Charlie Hoang
EnronOnline
Phone: 713-853-0564


Please see the attached spreadsheet illustrating exposure we have mitigated
through assignment transactions.

Wendy


Clay,

We expect to get Eco's OK, on Thursday, to give Cabot notice that Eco has the opportunity to purchase "replacement fuel" rather than purchasing the Cabot contract 2002 Winter Cargo. Current Henry Hub prices indicate that diversion of the last 2001 Hoegh Galleon cargo to Puerto Rico makes economic sense. We are studying the logistical issues.

A second Hoegh Galleon size cargo will be needed, most likely in February. When can Dan and I visit with you to discuss the prospects for arranging this February cargo? We'd like to know about product availability, how long can we wait to set the load dates, and will the previous pricing formula used by OLNG apply to Puerto Rico?

Cabot has 10 days to respond to the notice. Eco can buy spot LNG, regardless of Cabot's response. Cabot's response primarily determines whether or not Eco must pay $4.7MM in demand charge and demand surcharge.

Best Regards,

Paul


Hi everyone.

Here is the DivPerqs list including Board members & DiverseDonors. Please
review and let me know if there are people you would like us to send a
letter of invitation to.

Here's who is on the list for the collectors tour

Heidi and David Gerger
Christy and Lou Cushman
Alton and Emily steiner
Emily Todd
Jay moore
Marshal and Victoria Lightman
Maria Sicardi
Beverley and Howard Robinson

Let me know what you think about that list

 - Diverse Perqs.xls


Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


I don't understand the import of this ruling.

Judge is ruling that prudently incurred costs are recoverable therefore:
They cannot let the utility go bankrupt?????  They still can if the CPUC
rules that the value of their assets exceed the shortfall.

Can you tell me what the significance of this ruling is??

This suggests that the utilities were bluffing about declaring chapter 11.
Now they are protecting against it.?

Scott
---------------------- Forwarded by Scott Stoness/HOU/EES on 01/09/2001 02:18
PM ---------------------------

Susan J Mara@ENRON
01/08/2001 05:22 PM
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Donna
Fulton/Corp/Enron@ENRON, Dorothy Youngblood/HOU/ECT@ECT, Douglas
Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES,
Gayle W Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon
Savage/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Harry
Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, James D
Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James Wright/Western
Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, Jeremy
Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON,
Karen Denne/Corp/Enron@ENRON, Kathy Bass/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES,
Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike D Smith/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil
Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard
L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Tanya Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted
Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT,
Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Vladimir
Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S Bradford/HOU/ECT@ECT,
Mike D Smith/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, mjackso7@enron.com,
psmith3@enron.com, Frank W Vickers/NA/Enron@Enron, Ren, Lazure/Western
Region/The Bentley Company@Exchange, Jubran Whalan/HOU/EES@EES, Richard B
Sanders/HOU/ECT@ECT, gfergus@brobeck.com, rcarroll@bracepatt.com, Kathryn
Corbally/Corp/Enron@ENRON, dwatkiss@bracepatt.com
cc:
Subject: FW: SCE news release -- Judge finds for SCE in Court

----- Forwarded by Susan J Mara/NA/Enron on 01/08/2001 03:18 PM -----

	"Katie Kaplan" <kaplan@iepa.com>
	01/08/2001 03:08 PM
	Please respond to kaplan

		 To: "Wayne Kawamoto" <wkawamoto@wm.com>, "Ward Scobee"
<wscobee@caithnessenergy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>,
"Thomas Heller" <hellertj@apci.com>, "Steve Ponder" <steve_ponder@fpl.com>,
"Steve Iliff" <siliff@riobravo-gm.com>, "Ross Ain" <ain@worldnet.att.net>,
"Robert Frees" <freesrj@apci.com>, "Pete Levitt" <Pete@calwind.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Paul Wood"
<paul_wood@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Milt
Schultz" <bfpjv@c-zone.net>, "Marty McFadden"
<marty_mcfadden@ogden-energy.com>, "Ken Salvagno" <kbssac@aol.com>, "Ken
Hoffman" <khoffman@caithnessenergy.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco"
<joe.greco@uaecorp.com>, "Jack Pigott" <jackp@calpine.com>, "Hap Boyd"
<hap.boyd@enron.com>, "Frank Misseldine" <fmisseldine@caithnessenergy.com>,
"Ed Tomeo" <ed.tomeo@uaecorp.com>, "Ed Maddox"
<emaddox@seawestwindpower.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Doug
Levitt" <SDL@calwind.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dean
Gosselin" <dean_gosselin@fpl.com>, "Bob Escalante"
<rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, "Bill
Woods" <billw@calpine.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill Adams"
<sangorgon@aol.com>, "Alex Sugaoka" <Alex.sugaoka@uaecorp.com>, "Lucian Fox"
<lucian_fox@ogden-energy.com>, "Rich Dyer" <Rich_dyer@ogden-energy.com>, "Ted
Cortopassi" <TCortopassi@ogden-energy.com>, "William Hall"
<wfhall2@duke-energy.com>, "Sue Mara" <smara@ect.enron.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Rob Lamkin" <rllamkin@seiworldwide.com>, "Kent
Palmerton" <kent.palmerton@williams.com>, "Jeff Dasovich"
<jdasovic@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Eric Eisenman"
<eric.eisenman@neg.pge.com>, "Curt Hatton" <curt.hatton@gen.pge.com>, "Cody
Carter" <cody.carter@williams.com>, "Carolyn Baker"
<cabaker@duke-energy.com>, "Mark Smith" <Mark.J.Smith@fpl.com>, "Curtis
Kebler" <curtis_l_kebler@reliantenergy.com>, "Dave Parquet"
<dparque@ect.enron.com>, "Eileen Koch" <eileenk@calpine.com>, "Frank DeRosa"
<frank.derosa@gen.pge.com>, "Jim Willey" <elliottsa@earthlink.net>, "Kate
Castillo" <ccastillo@riobravo-gm.com>, "Kent Fickett" <kfickett@usgen.com>,
"Lynn Lednicky" <lale@dynegy.com>, "Randy Hickok" <rjhickok@duke-energy.com>,
"Scott Noll" <snoll@thermoecotek.com>, "Susan J Mara"
<Susan_J_Mara@enron.com>, "Tom Ross" <tross@mcnallytemple.com>, "Sue Mara"
<smara@enron.com>, "Stephanie-Newell" <stephanie-newell@reliantenergy.com>,
"Richard Hyde" <rwhyde@duke-energy.com>, "Paula Hall-Collins"
<paula.hall-collins@williams.com>, "Norton Kelli"
<knorton@mcnallytemple.com>, "McNally Ray" <rmcnally@mcnallytemple.com>,
"Marty Wilson" <mwilson@pstrategies.com>, "Kristin Vellandi"
<kvellandi@pstrategies.com>, "Katie Kaplan" <kaplan@iepa.com>, "Kassandra
Gough" <kgough@calpine.com>, "Karen Edson" <kedson@ns.net>, "Julee
Malinowski-Ball" <jmball@ns.net>, "John Stout"
<John_H_Stout@reliantenergy.com>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan Smutny-Jones"
<smutny@iepa.com>, "Bob Weisenmiller" <rbw@mrwassoc.com>, "B Brown Andy"
<andybrwn@earthlink.net>, "Andy Brown" <ABB@eslawfirm.com>, "Douglas Kerner"
<DKK@eslawfirm.com>, "John Larrea" <john.g.larrea@williams.com>
		 cc: "Carol H Hudson" <Chudson@iepa.com>, "Steven Kelly" <steven@iepa.com>
		 Subject: FW: SCE news release

We will forward the ruling when we get it.

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

Contact: Corporate Communications,
                  626-302-2255
                  World Wide Web Address: http://www.edison.com

                    Southern California Edison Applauds Court
                       Findings in Lawsuit Against CPUC

                  Southern California Edison Company (SCE) today
                    released the following statement in response to
                    today's expedited decision by the U.S. District
                    Court upholding the utility's right to recover the
                     costs of purchasing power for its customers.

                  ROSEMEAD, Calif., Jan. 8, 2001--SCE applauded
                  today's decision by U.S. District Court Judge
                  Ronald S.W. Lew upholding the central claim of our
                  lawsuit against the California Public Utilities
                  Commission (CPUC)--our right to recover the
                  reasonable costs of purchasing power for our
                  customers. This ruling is an important step toward
                  rebuilding the financial stability of California's
                  electric power system.

                  The court found that a trial is needed on the
                  question of whether SCE's purchases were prudent.
                  We believe we will prevail on that issue too because
                  the CPUC has repeatedly held that purchases
                  made through California's Power Exchange and
                  Independent System Operator are, by definition,
                  reasonable. We will work with the CPUC to
                  implement a schedule for the reasonable recovery
                  of our costs.

                  We filed the lawsuit on Nov. 15 asking the federal
                  court to overturn rulings by the CPUC that illegally
                  prevent it from the reasonable recovery of operating
                  costs for purchasing power it has been forced to
                  incur on behalf of our customers. We believe that
                  the five members of the commission violated
                  federal law when, after requiring us to procure
                  wholesale power for its customers from the state's
                  newly deregulated wholesale market, and to sell it
                  without markup, the commission blocked us from
                  recovering the full cost of doing so.

                  Our lawsuit was made necessary by the
                  commission's refusal over the past eight months to
                  heed warnings that its policies breach federal law
                  and unfairly place the company and our customers
                  in jeopardy.

                  In the lawsuit, we noted that we incurred
                  "undercollections" (the difference between
                  out-of-control wholesale power costs and frozen
                  retail rates) approaching $5 billion that have
                  seriously weakened our financial integrity and
                  service reliability.

                  This suit is one of many steps we are taking to
                  attempt to remedy serious market problems that
                  threaten the ability of the state's major utilities to

                  continue serving their customers. We are pursuing
                  every possible means of protecting our customers
                  and shareholders from California's dysfunctional
                  electricity market.

                                   ###

                  An Edison International company, Southern
                  California Edison is one of the nation's largest
                  electric utilities, serving a population of more than
                  11 million via 4.3 million customer accounts in a
                  50,000-square-mile service area within central,
                  coastal and Southern California.

--


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 11:00 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
02/08/2001 10:54 AM

To: <acomnes@enron.com>, <Christi.L.Nicolay@enron.com>, <dfulton@enron.com>,
<jhartso@enron.com>, <mary.hain@enron.com>, <smara@enron.com>,
<snovose@enron.com>
cc:
Subject: Fwd: DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales

Content-Transfer-Encoding: quoted-printable
Date: Thu, 08 Feb 2001 09:47:47 -0600
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "G. Alan Rafte" <arafte@bracepatt.com>, "Andrea Settanni"
<asettanni@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>,
"David Parr" <dparr@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.com>, "Gene Godley" <ggodley@bracepatt.com>, "Kimberly
Curry" <kcurry@bracepatt.com>, "Nancy Wodka" <nwodka@bracepatt.com>, "Paul
Fox" <pfox@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Disposition: inline

FYI

DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales
Copyright , 2001 Dow Jones & Company, Inc.

WASHINGTON (Dow Jones)--The U.S. Federal Energy Regulatory Commission
Wednesday reaffirmed its policy finding that it lacks jurisdiction over
generation facility transfers.

     The Federal Power Act requires the commission to approve jurisdictional
asset transfers greater than $50,000 in value. But FERC doesn't view
generation assets as jurisdictional.

     FERC often rules on generation asset transfers, but only in the context
of associated transmission assets and power sales connected with the
generation assets. FERC regulates electricity sales, but not the plants that
produce the power.

     With divestiture of generation assets becoming increasingly common in
the $215 billion U.S. electricity sector, this policy has increasingly been
questioned by consumer interests and others.

     Most recently, the American Public Power Association and Citizen Power
Inc., a utility watchdog group, petitioned the commission to reconsider its
view that generation asset transfers, absent associated transmission
facilities and power sales agreements, don't fall under FERC jurisdiction.

     At issue were generation asset sales by Duquesne Light Co. (DQZ), and
FirstEnergy Corp.'s (FE) transfer of power plant ownership from its utility
operating units to FirstEnergy's competitive services unit.

     The commission was unpersuaded by arguments of APPA and Citizens Power
that state regulation is inadequate to protect the public interest and
promote competition in the restructuring electric utility industry.

     "There is no necessary nexus between the interstate transmission or sale
of electric energy, on the one hand, (the triggering events giving rise to
our jurisdiction) and the disposition of a generation facility by itself,"
FERC said.

     "Not only does the statutory text support our interpretation, but there
is no precedent, legislative history, or case law which would support a
contrary conclusion," FERC said, denying the petition.

     FERC cited section 203(a) of the Federal Power Act as conferring
authority to regulate the disposition of "facilities subject to the
jurisdiction of the commission." FERC has never asserted jurisdiction over
generation assets, and has traditionally left that to state utility
regulators.

     By Bryan Lee, Dow Jones Newswires, 202-862-6647,
mailto:bryan.lee@dowjones.com
     (END) Dow Jones Newswires 07-02-01


This a very sad day for Houston, the energy industry, & all of you. I am
truly sorry.

Virginia Hodge
Vice President - Investments
UBS Painewebber Inc.
1111 Bagby St., Suite 5100
Houston,  TX 77002
713-654-4710
800-553-3119
713-654-1281 fax
virginia.hodge@ubspainewebber.com

******************************************************
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Orders and/or instructions transmitted by e-mail will
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will not be responsible for carrying out such orders
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The starting time has changed from 10:00 a.m. to 11:00 a.m. for the above
meeting scheduled for November 29th in Conference Room EB47C1.  If you any
questions, please call me.

Thanks,

Emily
3-7172


Did you want me to confirm down on this meter  starting today.  (POPs).
Deal is at 3,000 and pathed at 0.
meter 1418 - thanks - Julie