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IVOLUNTEERI
The Ronald McDonald House needs volunteers to help prepare and serve dinner
to ill children and their families this Thursday, July 27 from           6
p.m. - 8 p.m.  If you are interested in volunteering or would like more
information, please call 713.795.3575.

Volunteers Needed to Bowl For The Cure!  Join Enron and the Muscular
Dystrophy Association for their annual Beach Bowl fund-raiser to find a cure
for Lou Gehrig's Disease, July 29 at Funplex.  You can sign up yourself or a
team of five.  Can't bowl?  That's ok, you can still help by raising
donations.  Everyone participating is eligible to win great prizes, including
airline tickets and hotel reservations to an exotic location!  Register now
by calling Sandy Hoelscher at 713.345.6006.  For more information, visit
http://home.enron.com/cr.

Festa Italiana!  The Federation of Italian-American Organizations of Houston
is now recruiting volunteers for its annual Italian Festival held September
15-17.  Opportunities include assisting in Federation booths for beverages,
food, promotional material, children's area and VIP tent.  If you are
interested, contact Rachel Feldt at 713.345.7629.  For more information,
click here http://home.enron.com/cr.

The United Way Kick-Off is just around the corner and we need volunteers to
help at the event.  If you are available on August 9 from 11 a.m.- 2 p.m. and
are interested, please contact Rachel Feldt at 713.345.7629.

Participate in the debut of Enron's new hire news program, Enron At A Glance
on Wednesday, July 26.  The New Hire Network Team needs volunteers to usher
and register our new employees from 7:30 a.m. - 8:30 a.m.  Breakfast will be
served.  Feel free to stay and enjoy the show.  For more information, contact
Jeff D. Davis at 713.345.8908 or Angela Sprock at 713.853.6335

IHAPPENINGSI
Hey Enron, Is That Your Final Answer? Don't forget to fill out your "Who
Wants to Help Millions" on-line questionnaire for our United Way Kick-off
Contest.  Answer all of the questions correctly and you could win a spot on
the United Way/Enron Gameshow on August 9th!

Get Your Tickets On-line Now for Enron Night at Enron Field!  Join us for the
game on Thursday, August 8th.  Tickets are only $8 each, limit 1 pair per
employee. Click here to purchase your tickets
http://166.90.156.218/acb/showprod.cfm?&DID=13&CATID=32&ObjectGroup_ID=44  or
go through the Signature Shop on-line.  For more information about the game,
visit http://home.enron.com/cr/.

You are invited attend the Knowledge Beginnings Back Up Child Care Center
Open House, July 24 to 28 from 11:00 a.m. - 2:00 p.m.  The center is located
at 777 Clay Street.  RSVPs are required.  Contact Susan Bohannon at
281.681.8317 or via e-mail at sbohannon@klcorp.com.  Please bring picture
identification (i.e. drivers license, Enron ID).  Representatives will be in
the Enron Building lobby this Thursday-Friday (July 27 to 28) from 11 a.m. -
1 p.m. to provide more information about Knowledge Beginnings.  Click here
for more details http://home.enron.com/cr/.

The Birds and the Bees and the Flowers and the Trees!  All gardeners are
invited to attend the Wild@Work Brown Bag Lunch on Friday, July 28 in EB 5C2
from 11:30 a.m. - 12:30 p.m.  Maggie Honig, a science teacher at the Kinkaid
School, will be speaking on Garden Ecology - the relationships between plants
and the insects, birds, and other critters in your backyard garden.  Please
RSVP to Teresa Nava at 713.646.7668.

The Summer Slam Indoor Volleyball Tournament will be held on July 29, 2000 at
the Spike Sport Volleyball Club.  You can either form your own team or play
as an add-on.   Food and drinks are provided and cash prizes will be given to
the top 3 teams.  For more information, please contact Traci Nguyen at
713.853.9032.

Join Downtown Houston for it's 17th Annual National Night Out, Tuesday,
August 1st from 11:00 a.m. - 1:00 p.m. in Antioch Park.  Celebrate the fight
against crime with Houston's law enforcement authorities.  The first 400
Enron employees to donate a grocery bag of non-perishable items (benefiting
the Star of Hope) on Friday, July 28 in the Enron Building lobby from 1 - 3
p.m, will receive a complimentary T-shirt.  For more information, contact
Marcia Broom at 713.853.5362.


Attached is our Confidentiality Agreement.  Please feel free to call me if
you have any questions at (713) 853-6544.  Thank you.


TXU LSP observes a holiday on Friday, Mar 29.

Nom's for April 'first-of-the-month' business are due Wednesday, Mar 27, at
2 P.M.

Nom's for Gas Day Friday, Mar 29 through Gas Day Monday, Apr 1 are due
Thursday Mar 28, at 11:30 A.M.

fyi - Monthly nomination deadlines are posted on our website at
www.txulsp.com.

Please call your representative if there are any questions.


I am out of the office  and will be returning Monday, November 26.  If you need immediate assistance with respect to power transactions, please contact Tracy Ngo, Ed Sacks, Wendy Conwell, or Kortney Brown.


You mean fighting the MOU?


Blank
Routine gas rate change AL.
?
Dan
?
?
Dan Douglass
5959 Topanga Canyon Blvd.? Suite 244
Woodland  Hills, CA 91367
(818) 596-2201
douglass@energyattorney.com

?

 - Blank Bkgrd.gif
 - 6-7-01 SDG&E AL Summary Chart.doc


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 Register Today for GasMart/Power 2002

March 18-20, 2002

Reno, NV

Early Bird Registration Deadline is February 15, 2002

Register Online Today or call 1-800-427-5747 to save $50!

Then book your room at the Nugget Hotel by February 15 to take advantage of the special GasMart/Power room rate. The Showcase and all Sessions will be held in the hotel. Call 1-800-648-1177 for hotel reservations. Don't forget to mention GasMart/Power!

Last Chance to Advertise or Sponsor activities in Reno, Nevada.

Limited Showcase space is still available-call 1-800-427-5747 for details.

           Don't forget...Your registration also INCLUDES a Monday afternoon activity of your choice.

SKI at Mt. Rose, Reno's closest ski area, averaging 34' of snow a year with a vertical drop of 1,500 feet. Stick around after the lifts close for the Apres-Ski Foggy Goggle Party. We'll provide the transportation and lift ticket, you provide the skis and courage.

Skiing not for you? Then be one of the 144 golfers at the Red Hawk Golf Course for an afternoon of "best ball" tournament play. Following the round on this Robert Trent Jones, Jr. designed course, join your colleagues for the 19th hole festivities. Once again, we'll get you there and pay for your greens fees. All you need to do is bring your clubs and your "A" game.

Or, if you prefer...We'll arrange for a 30-minute spa session to help you relax and enjoy the surroundings of the beautiful Nugget Hotel.

Call 1-800-427-5747 for more information or visit www.gasmart.com to register today!

GasMart/Power is the energy industry's premier showcase and conference with 18 educational sessions and over 30 speakers addressing today's industry challenges. Showcasers include:

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Eric Gillaspie
713-345-7667
Enron Building 3886
----- Forwarded by Eric Gillaspie/HOU/ECT on 09/29/2000 02:05 PM -----

	Matt Gillaspie <matt.gillaspie@brentonbank.com>
	09/29/2000 01:45 PM

		 To: Eric.Gillaspie@enron.com
		 cc:
		 Subject: RE: Reservation number.

This is my recommendation (the info under the double lines below was
typed earlier than this fresh info here):

DELTA Airlines ---- this cost you guys $5.00 more than Continental, but
save me about $230 + 2 days and we have better flight times in my
opinion

You three depart Houston Intercontinental
11/17 @ 1:35 p.m.
arrive Atlanta 4:43 p.m.
depart Atlanta 5:45 p.m.
arrive Madrid 8:10 a.m. (Saturday)

I leave Des Moines INTERNATIONAL Airport
11/17 @ 11:30 a.m.
arrive Atlanta 2:45 p.m.
depart Atlanta same as you

Returning on 11/27 . . .
We all depart Madrid @ 11:35 a.m.
arrive Atlanta 3:30 p.m.
then . .
You three depart Atlanta 5:35 p.m.
arrive Houston 6:41 p.m.

I depart Atlanta 6:00 p.m.
arrive Des Moines 9:32 p.m. (via Cincinnati)

YOU THREE's record loactor # is MEW487  ($483.90 tax included)
MY record locator # is ME1XEN  ($611.90 tax included)  <--- cheaper than
paying for a flight to Houston and staying overnight

Delta = 1-800-354-9822
We can each call them and give them credit card & frequent flyer
information (they also partner with United if you have a United frequent
flyer number -- and perhaps others as well)

A return on 11/25 is available, but not 11/26.  The 11/25 return would
add $20.00 to our cost each.

________________________________________________________________________
_
________________________________________________________________________
_

Continental International = 800-231-0856

The exact prior dates are not available.
We COULD depart Friday 11/17 . . . .
and
return Friday 11/24
-or-
return Monday 11/27
but not Saturday or Sunday (both the international & domestic legs are
sold out)

On Continental we have to fly through Newark as that is their gateway
city.
Since the flight must go through Newark (I also checked Northwest via
Minneapolis and all their flights are sold out for 3 or 4 people) . . .
I could actually just meet you guys in Newark -- it would cost me
probably about $100-150 more than to fly into Houston -- but it would
save me two days; one on either side of your departure/arrival.

Let me know and I'll call back and change the dates/times, etc. if you
want.

On NOVEMBER 17th you could leave Houston @ 7:40am, 1:20 pm or 2:20 pm
and still get to Newark to meet the 8:25 pm flight to Newark.  Tell me
which you would want (I suggest 1:20 pm).  Returning you would arrive in
Newark at 1:55 p.m. and depart for Houston at 3:20 pm arriving at IAH @
7:45 pm.  Perfect.

> -----Original Message-----
> From: Eric.Gillaspie@enron.com [SMTP:Eric.Gillaspie@enron.com]
> Sent: Friday, September 29, 2000 12:44 PM
> To: matt.gillaspie@brentonbank.com
> Subject: Re: Reservation number.
>
>
> Senor Matteo,
>
> Not a bad idea.  We're trying so hard to save money that we are
> getting
> nowhere.  I'll let you know by 3:30 if I got anything better, if not
> who do
> I call to give my CC info to, punk?
>
> Eric Gillaspie
> 713-345-7667
> Enron Building 3886
>
>
>
>
>                     Matt Gillaspie
>
>                     <matt.gillaspie@brento        To:     "Eric & Jen
> Gillaspie (E-mail)" <eric.gillaspie@enron.com>,
>                     nbank.com>                    "Gerald Nemec
> (E-mail)" <gnemec@enron.com>
>                                                   cc:
>
>                     09/29/2000 12:04 PM           Subject:
> Reservation number.
>
>
>
>
>
>
>
>
> Continental # JY6JHH   will expire on 10/2 if we do not confirm the
> reservation
>
> Confirmation for the four of us.  I called and made it JUST IN CASE
> you
> bumblefucks can't get the internet figured out.
>
> $423.00 + tax = $477.90 each
>
> 11/21 leave Houston 1:20 p.m.  via Newark, NJ  arrives Madrid 9:40
> a.m.
> on 11/22
> 11/29 leave Madrid 11:35 a.m.  via Newark, NJ  arrives Houston 7:38
> p.m.
> same day
>
> FYI.
>
>
>
> Matthew Gillaspie
> NASD Registered Series 7, 63, 53, 55
> Fixed Income Trading - Ingersoll
> Brenton Investments Inc.
> 515/237-5379
> 2840 Ingersoll Avenue
> Des Moines   IA  50312
> matt.gillaspie@brentonbank.com
> Tax Equivalent Yields that may be noted above are ESTIMATES ONLY and
> may
> not take into consideration unique qualities of the bonds or your
> clients tax situation.  Your client should CONSULT WITH THEIR TAX
> PREPARER OR ATTORNEY TO DETERMINE THEIR TAX EQUIVALENT FOR THEIR
> SPECIFIC INCOME SITUATION.
> Brenton Investments, Inc. is a wholly-owned subsidiary of Brenton
> Bank.
> Investment and insurance products offered through Brenton Investments,
> Inc. are not FDIC insured, are not deposits nor obligations of any
> bank,
> are not guaranteed by any bank and involve investment risk, including
> the possible loss of principal.
>
>
>
>


Kathy,

Could you run a report that lists all of the FX hedges in our book. I just
want to make sure we aren't missing any deals in our model.

Thanx,

Chris


We are long at PGE system for Wednesday, 9/26/01.  HE7-13 at 46mw, HE14 at 45mw, HE15-20 at 25mw, and HE21-22 at 46mw.  Please sell from Portland system.  Deal #789284.1.  This is due to parking by the NW Cash desk.

Thanks,
Donald Robinson, NW preschedule desk


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Sounds as if you will have a full day on Monday.  I am glad that you are
eager to get together to kick off your role -- we will have to save that for
Tuesday, however.  I am taking the day off on Monday to be with my parents
who will be in from Austin for one of my daughter's piano recital.  9:30 to
10:30 on Tuesday would be a great time for us to get together.  There are two
other meetings that day that I would like to have you attend with me.  One is
a weekly Risk Forum luncheon from 11:30 to 1:00 and the other is a meeting at
3:00 on trading operations for Tokyo.  I will give the details on location
and list of attendees when you and I meet on Tuesday morning.

Enjoy your next few days.  I hope that orientation is helpful on Monday.
Check with my assistant, Patti Thompson, on where you will be sitting.   I
look forward to seeing you on Tuesday.  --Sally

"Randy & Shona Wilson" <randyshona@hotmail.com> on 05/16/2000 04:03:27 PM
To: Sally.Beck@enron.com
cc:
Subject: Starting Monday the 22nd

Dear Sally,

I'm looking forward to start working on the 22nd.  I've arranged to have the
first day orientation as well as PC training on this date, which will last
until about 4:30.

I'm putting together some thoughts on how to best "kick off" my roles and
responsibilities and was wondering if you would be able to meet at 4:30 on
the 22nd to go over this.

I'm available through tomorrow at 713 356 4086 and the rest of the week at
713 628 7570.

Best regards,

Shona

________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


Given the evolution of a number of our businesses, we have decided to make an
organizational change.  The change is in response to a number of factors.
First, as a part of our new initiative in Enron Net Works, it is becoming
clear that we have the opportunity to quickly expand Enron,s underlying
business model to other commodity markets.  Such an expansion requires a
coordinated focus on strategy as we select and develop these opportunities.
Second, the success of EnronOnline and the continued expansion of our
wholesale activities in North America and Europe have increased the
coordination requirements across our North American and European operations.
As a result of these two factors, we are making the following organizational
changes effective immediately:

Cliff Baxter will move from Enron North America to Enron Corp. as Executive
Vice President and Chief Strategy Officer.
Mark Frevert will become Chairman and CEO of North America, replacing Cliff.
In addition, Mark will remain Chairman of Enron Europe.
John Sherriff will become President and CEO of Enron Europe.

We are confident that these changes will increase the effectiveness of our
organization.  Please join us in congratulating Cliff, Mark and John on their
new responsibilities.


Here is what FPLE sent>
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 06/28/2000
03:45 PM ---------------------------

Randy_Hoyle@fpl.com on 06/28/2000 01:31:42 PM
To: don.miller@enron.com, benjamin.rogers@enron.com
cc: Aldo_Portales@fpl.com, Edward_M_Bullinger@fpl.com
Subject: Development Pipeline Financial Profile

Don,

Attached is the financial profile for FPLE's development pipeline utilizing
the 44 CTs.  Give me a call once you have reviewed it.

(See attached file: newco development cash flow.xls)
 - newco development cash flow.xls


Per my call and your response.

On Arcos - the horse is out of the barn-  They start shipping turbine engines
in a month and the HRSG steel in less-

----- Forwarded by John G Rigby/ENRON_DEVELOPMENT on 04/17/2001 06:25 PM -----

	John G Rigby
	03/28/2001 09:26 AM

		 To: Bob Carter/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Sheila
Tweed/HOU/ECT@ECT, Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Variations- Change Orders- GE - impacts on manufacturing- Need your
thoughts today .

One of the World Hunger issues is that GE does  not want Enron to be able to
issue a unilateral change order which would impact the manufacturing schedule.

We have the same issue in the Arcos Power Island deal.

Following is what I intend to propose to solve the Arcos problem and might
work  for World Hunger:

" Purchaser acknowledges taht Seller's ability to accomodate changes in
manufacturing scope in a timely or cost effective manner diminish as Seller
gets further along into the manufacturing process, and after a point changes
can only be made after assembly completion or in the field without adversely
affecting Seller's manufacturing obligations to other clients (a "Client
Impact").  Where such a Client Impact circumstance exists, Seller shall
identify such constraints to Purchaser in its proposal submitted pursuant to
Clause 17.2.(b) [time and cost estimate to accomodate the Change
Order-Variation Order], which Purchaser shall take into account in evaluating
Seller's proposed cost and time changes arising out of such Variation scope
change. "

I would appreciate your thoughts as to whether this works for us in the World
Hunger document-  I do  not want to propose for Arcos if it gives you great
difficultly for World Hunger.


Mark:

Would you please propose language to me along the lines I suggested.  Thanks.

Mark


rain please print color copies for the group


Dave would like to cancel the bloomberg program that he presently has on his
computer.  Can you do this for him or can you direct me to the proper person ?

Thanks for your help.

Kay
713-853-0643


David and Louise:
One of the things that Organic has asked us to keep confidential is "the
existence of any business discussions, negotiations or agreements between the
parties as well as any information regarding the skills and compensation of
employees, contractors or other agents of the disclosing party."  This is a
departure from our form.  Are we prepared to agree to this?  Also, to the
extent that parties are insisting on using their form of CA, what do you want
the approval process to be?
Carol


EnronOptions Announcement

You can now access a web site that describes EnronOptions ) Your Stock Option
Program.  The web site contains some highlights of the EnronOptions Program
as well as some Frequently Asked Questions (FAQs).

Access EnronOptions ) Your Stock Option Program web site by clicking on
http://hrweb.enron.com or by typing the address into your web browser.

We hope you find the site helpful in addressing your questions about the
EnronOptions Program.  If you have any questions, please contact your H.R.
Representative.

There will be several EnronOptions - Your Stock Option Program presentations
throughout the month of January.  Stay tuned to a computer near you for
details.


Here are the numbers

	Enron North America Corp.

	From:  Eric Bass                           04/14/2000 11:58 AM

To: Melissa Graves/HOU/ECT@ECT
cc: Susan Smith/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT
Subject: Re: Wellhead Accrual Income

Melissa,

As you know, as of Jan 01, 2000 the Wellhead Portfolio has been segregated
from the rest of HPLC's Physical Portfolio.  As a result of this segregation,
it has become much easier to analyze and manipulate this data so that monthly
"accrual value" can be determined.  This analysis has resulted in the
realization that the Wellhead Potfolio creates approximately $275,000 of
accrual value per month.  The main drivers of this accrual value are deals
that have rolled into evergreen status, accrual term deals,  actual volumes
greater than booked, half cent bid to mid spread, incorrect markings, and
value withheld from MTM because of accrual costs.  Of the above, Greg Sharp
will receive value associated with evergreen/accrual deals, actual volumes
greater than or less than booked, and deals incorrectly marked.  Tom will
keep value associated with his half cent bid to mid and accrual value needed
to pay accrual costs (such as gas quality issues).  The breakout of this
value has been on average 60% to Greg and 40% to Tom.  The following is a
breakdown of 1st quarter accrual value.

January-

Total Accrual Value = $266,504

Greg's Value       Tom's Value
Evergreen Value =                         $140,750     Bid to Mid =
$105,000
Accrual Value =                               $53,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $60,000           $118,000
Incorrect Marking =                       ($105,000)
Total Value =                                   $148,750

February-

Total Accrual Value = $289,305

Greg's Value       Tom's Value
Evergreen Value =                         $145,000     Bid to Mid =
$100,000
Accrual Value =                               $62,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $65,000           $113,000
Incorrect Marking =                       ($95,000)
Total Value =                                   $177,000

March -

Total Accrual Value = $292,145

Greg's Value       Tom's Value
Evergreen Value =                         $147,000     Bid to Mid =
$106,000
Accrual Value =                               $59,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $66,000           $119,000
Incorrect Marking =                       ($100,000)
Total Value =                                   $172,000

Let me know if you have any questions.

Eric

	Enron North America Corp.

	From:  Eric Bass                           04/07/2000 02:00 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Wellhead Accrual Income

Melissa,

Here are the accrual values for Q1.  More details to follow.

Jan - $266,504
Feb- $289,305
Mar - $292,145

Eric

	Enron North America Corp.

	From:  Melissa Graves                           04/07/2000 01:51 PM

To: Eric Bass/HOU/ECT@ECT
cc: George Weissman/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT
Subject: Wellhead Accrual Income

Eric,

Per Greg Sharp, he and Tom Martin discussed the Wellhead Accrual Income
numbers today, and Effective Q1 2000, Greg will begin recognizing this
accrual income in his financials.

It is my understanding that the new Wellhead Portfolio in Sitara assists you
in calculating this monthly number (which is estimated at $170,000 per
month).  Could you please provide the detail behind this calculation, or if
this data is pulled directly from Sitara, George and I could meet with you to
become familiar with this data extraction process.

Thank you,
Melissa
X39173


Start Date: 1/27/02; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012724.txt


The state treasurer sent a letter this afternoon to Loretta Lynch.
The treasurer claims in the letter that, by extending DA  through Sept. 20th, the PUC could have shifted more than $8 billion to small customers.
He urges Lynch to immediately roll back the date to July 1.
We have started working with large customers to refute the letter.
If you would like a copy of the letter, please send your fax number to Joseph Alamo.

Best,
Jeff


Shirley,

Please, put on my schedule.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/05/2000
01:05 PM ---------------------------

Alex Saldana
01/05/2000 12:15 PM
To: George Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
Hunter S Shively/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Robert
Shring/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc: Heather Choate/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Airam
Arteaga/HOU/ECT@ECT, Brenda Flores-Cuellar/HOU/ECT@ECT, Elizabeth
Rivera/Corp/Enron@ENRON
Subject: Enron On Line and Tracking

This meeting has been rescheduled for:

Friday, January 7th
2:15-3:15pm
EB 3084

If you have questions please call George Smith @36993
or Alex @ 57389.  I will keep you informed of any changes.

Thanks
Alex
---------------------- Forwarded by Alex Saldana/HOU/ECT on 01/05/2000 12:10
PM ---------------------------

Alex Saldana
01/05/2000 11:30 AM
To: George Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
Hunter S Shively/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Robert
Shring/HOU/ECT@ECT
cc: Heather Choate/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Airam
Arteaga/HOU/ECT@ECT, Brenda Flores-Cuellar/HOU/ECT@ECT, Elizabeth
Rivera/Corp/Enron@ENRON
Subject: Enron On Line and Tracking

Please plan to attend the above mentioned meeting:

                  Thursday, January 6th
                        3:30-4:30pm
                          EB 3013

If you have any questions please call George Smith @ 36993,
for any scheduling conflicts call me at @ 57389.

Thanks
Alex


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customers may buy options from us.

 -----Original Message-----
From: 	"CAROLINE ABRAMO, ENRON CORP." <CABRAMO@bloomberg.net>@ENRON
Sent:	Friday, November 30, 2001 9:26 AM
To:	Arnold, John
Subject:	LIST OF  NG TRADES OUR CUSTYS WOULD LIKE TO DO TO UNWIND THE

LIST OF  NG TRADES OUR CUSTYS WOULD LIKE TO DO TO UNWIND THEIR P
OSITONS WITH US:
  GLOBAL
  + 500 NGH2  (PENULTIMATE SETTLE) SWAPS
  + 5/DAY TRANSCO Z6 JAN BASIS SWAPS

  TUDOR
  + 100 JAN 3.40 CALLS
  -50 NGF2 (LDS) SWAPS
  + 25 AUG 4.75 CALLS

  - LET US KNOW IF ANY OF THESE CAN BE DONE TODAY, PLS.
   TX     ROBYN 212 715 2388


Melba - I just talked to Patrice and we need to change the description for PGLC Pool to be The Title Transfer Point for The Peoples Gas Light & Coke Company - it is NOT the interconnect with Natural Gas Pipeline and Peoples.

Thanks!!
Cora

 -----Original Message-----
From: 	Lozano, Melba
Sent:	Thursday, October 18, 2001 12:06 PM
To:	Mims, Patrice L.; Pendergrass, Cora
Cc:	Sweitzer, Tara
Subject:	I NEED VERIFICATION...
Importance:	High

PATRICE: Could you verify the long descriptions for the attached locations.

CORA: Please verify Pipe, Trade Zone , and Facility.

#1
Name :NBPL/MANGTN - The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois (Meter No. 82).
Pipe: NBPL
Trade Zone:  PEOPLES
FACILITY: 82

#2
Name: PGLC Pool - The interconnection between The Peoples Gas Light & Coke Company and Natural Gas Pipeline Company of America.
Pipe: PGLC
Trade Zone:TTP/TTP
FACILITY: TTP

#3
Name: NGPL Peoples- The interconnection between The Peoples Gas Light & Coke Company and Northern Border Pipeline Company located in Cook County, Illinois.
Pipe: NGPL
Trade Zone:PEOPLES
FACILITY: 909285

Thanks,
Melba Lozano
713-345-8986
713-646-8511 Fax
713-698-4847 Pager


Latest and greatest....


---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/05/2000 01:12
PM ---------------------------
   Michele Winckowski @ ENRON                10/02/2000 02:04 PM

To:
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: Fwd: FW: Montana Forest Fire picture

Subj:    Montana Forest Fire picture
This is awsome and at the same time rather chilling.  Mother nature is
spectacular
This awesome picture was taken in the Bitterroot National Forest here in
Montana on August 6, 2000 by a fire behavior analyst from Fairbanks,
Alaska by the name of John McColgan with a Digital camera.  Since he was
working while he took the picture, he cannot sell or profit from it so he
should
at least be recognized as the photographer of this once in a lifetime
shot

 - ATT09176.jpg


---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 09/15/2000
04:50 PM ---------------------------

	Enron North America Corp.

	From:  Steve Gillespie @ ENRON                           09/15/2000 04:46 PM

To: John Hodge/Corp/Enron@ENRON, Victor Lamadrid/HOU/ECT@ECT, Mark
Breese/HOU/ECT@ECT
cc:
Subject: Fwd: Gas Supply Meeting Monday September 18th

---------------------- Forwarded by Steve Gillespie/Corp/Enron on 09/15/2000
04:46 PM ---------------------------

	From:  Steve Gillespie                           09/14/2000 02:19 PM

To: Heather Choate/HOU/ECT@ECT
cc:

Subject: Fwd: Gas Supply Meeting Monday September 18th

---------------------- Forwarded by Steve Gillespie/Corp/Enron on 09/14/2000
02:20 PM ---------------------------

	Enron Capital Management

	From:  Mark Breese @ ECT                           09/14/2000 02:18 PM

To: Steve Gillespie/Corp/Enron@ENRON
cc:

Subject: Fwd: Gas Supply Meeting Monday September 18th

---------------------- Forwarded by Mark Breese/HOU/ECT on 09/14/2000 02:17
PM ---------------------------

"Denise Dotson" <ddotson@aglresources.com> on 09/14/2000 11:45:12 AM
To: mark.breese@enron.com
cc:
Subject: Fwd: Gas Supply Meeting Monday September 18th

** High Priority **

See attached.
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X-Lotus-FromDomain: CNGNOTES
To: ddotson@aglresources.com, bfreeman@aglresources.com,
rrogers@aglresources.com, Ronald_D._Walther@DOM.COM,
Leigh_A._Garrett@DOM.COM, Jeff_L._Huston@DOM.COM,
Jody_Derrickson@DOM.COM
cc: William_A._Fox@DOM.COM, Frank_J_Corbett@DOM.COM
Message-ID: <8525695A.005A261A.00@CPHUB1LN.CORP.CNG.COM>
Date: Thu, 14 Sep 2000 12:32:23 -0400
Subject: Gas Supply Meeting Monday September 18th
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Disposition: inline

A meeting has been scheduled  for Monday September 18th, at 10:00 at the
Virginia Power Office located at Innsbrook to discuss the transition of VNG's
gas supply management to Atlanta's designated Asset Manager.  The office is at
5000 Dominion Boulevard in Glenallen Va..  Please notify anyone who should
attend. Lunch will be provided. (Denise please handle the communications with
the potential asset manager). Below are directions from the Richmond airport.

From the airport you want to take 156 North (Airport Drive) to 295 North, then
take 295 North to Exit 51B (Nuckols Road South), take Nuckols road to Cox
road -
turn right onto Cox Road and take it to Waterfront Place and turn right onto
Waterfront Place. Continue on Waterfront Place and you will see the Virginia
Power signs.

If you are in need of hotel - some people are staying at the Comfort Inn which
is located close to Innsbrook at 4051 Innslake Drive. Their phone number is
804
- 217 - 9200.

An agenda will be forwarded shortly....If you have any questions, please let
me
know   757-466-5560  Thanks


As a continuation of the integration of Enron Metals into Enron Europe we are
pleased to announce the following organisational changes which become
effective immediately.

Tom McKeever, presently Chairman of Enron Metals will move into the role of
Vice Chairman Enron Europe reporting directly to John Sherriff and Michael
Brown.  Tom will focus on developing our key senior business relationships
across all of Enron Europe.

Joe Gold will become President of Enron Metals responsible for the entire
organization.  We will announce Joe's replacement for managing our trading
and origination efforts on the Continent in the near future.

Michael Farmer and Michael Hutchinson will continue in their roles managing
the Metals's Merchanting and Financial Trading businesses respectively.

Please join us in congratulating Tom and Joe on their new roles.

From the Enron Europe Office of the Chairman


John,

A couple of thoughts to follow on from yesterday.

If your prime motivation in completing shutting down the merchant power
effort versus turning it down is to send a strong signal to the government,
then I believe the message will be undermined by Enron's continued efforts
through EPower.  In order to be most effective and show commitment to the
"message" strategy then it would be consistent to shutdown the efforts of
EPower (something none of us believes makes sense).  While METI would
understand that EJ reducing its efforts is significant, they will breathe a
sigh of relief that Enron is not pulling out of power since EPower efforts
are continuing.  As many in the market still believe that EPower will be
marketing and retailing power as well as building power plants, it will look
as though not much has changed regarding Enron.  In fact, many of the other
new entrants, Marubeni, Ennet, Nippon Steel, etc have indicated to us that
they will reduce efforts now and look to the future for further change (in
effect exactly what we are talking about doing).  Many of these companies are
looking at building 100 Mw stations that could be available in the next 12-18
months.  METI is undoubtedly aware of this and is working to bring pressure
on the utes and further development to the market structure as soon as they
are able (timing uncertain).  In summary, I believe that you would be able to
send the same message through reducing EJ's efforts down to a slow boil, but
allow us to keep abreast of what is going on and pushing initiatives in the
12-18 month range (Ahlstom initiatives, Ennet merchant power plant financing
proposal, etc.).  Imagine EJ commercial team of approx 2 with some percentage
of senior commercial oversight.  While not a prime motivating factor, having
a small team working this effort will also allow us to manage the existing
relationships with the customers.  As an aside, Air Liquide told us that they
had been warned by their people in the US that Enron often backs out of deals
at the last minute.  I don't bring this up as a reason to do an uneconomic
deal, but just to give an indication of the relationship factor.  Backing out
of this deal and reducing our power efforts are the right things to do.

You also mentioned that if Enron wanted to look at the 12-18 month type
projects then we could accomplish this through EPower.  Based on the midterm
deals that we have reviewed to date, I think successful accomplishment here
is unlikely.  I think that you have been made aware of most of these issues.
If EPower was operating in isolation, then these projects would be continuing
without any real insight on the commodity value/risk proposition.  I believe
that we have agreed on this point before and that value delivered for these
types of projects is effectively 85% EJ/15% EPower.

On your suggestion of leaving this as a draft, I believe this makes real
sense.  Also I'd like to make the announcement formal on 7 May.  Next week is
a holiday week in Japan and therefore very few people will be here.  Also I
imagine that Morten Erik should likely have made a decision by then so the
note can be adjusted accordingly.  This will help with the Japanese staff as
they will have a much better idea of what the future will look like.
Jonathan's toing and froing a couple of months ago caused a great deal of
anxiety amongst the staff up until he was ready to give formal notification.

I have also made a couple of comments or suggestions below as well.  I hope
this has been helpful.

regards,

Joe

Joseph P. Hirl
Enron Japan Corp.
81 3 5219 4500
81 3 5219 4510 (Fax)
www.enron.co.jp

	John Sherriff@ECT
	04/24/2001 02:55 PM

		 To: (713) 529-7757, Ken Rice/Enron Communications, Kevin Hannon/Enron
Communications, Mark Frevert/NA/Enron, Greg Whalley/HOU/ECT, Mike
McConnell/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Joseph P Hirl/AP/ENRON@ENRON, Jeremy
Thirsk/AP/Enron@ENRON, Morten E Pettersen/AP/Enron@Enron, Nicholas
O'Day/AP/Enron@Enron, Jackie Gentle/LON/ECT, Richard Shapiro/NA/Enron@Enron,
Jeffrey McMahon/HOU/ECT, Jeffrey A Shankman/Enron@EnronXGate, Raymond
Bowen/enron@enronxgate, Joe Gold/LON/ECT@ECT, Bryan Seyfried/LON/ECT@ECT,
Jeff Kinneman/HOU/ECT, Rebecca McDonald/ENRON_DEVELOPMENT, Carey
Sloan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian Stanley/EU/Enron, Michael R
Brown/LON/ECT, Mark Evans/Legal/LON/ECT, Fernley Dyson/LON/ECT, Ted
Murphy/LON/ECT@ECT, Rick Buy/HOU/ECT, Richard Causey/Corp/Enron, Mark E
Haedicke/HOU/ECT@ECT, Drew C Lynch/LON/ECT, David Oxley/HOU/ECT@ECT, John J
Lavorato/Enron@EnronXGate, lkitchen@enron.co.uk
		 cc:
		 Subject: Draft Organizational Announcement about Japan

May I please have your comments if any on this draft by close of business
Wednesday.  We hope to have agreed on the Q&A's by then and to send it out
the announcement on Thursday.

John

To be sent to:  All Enron Europe, all employees in Japan,  all Global Markets
and all VPs and up around the company

Enron has established several wholesale businesses in Japan in the last year
including Metals,  Power marketing, Power Plant Development (via our
investment in EnCom),  Coal,  LNG & Weather.   While we have been able to
close power transactions and there is real interest from customers for
Enron-type power solutions, Japan has not yet removed some significant
barriers to make progress towards a full scale liberalized electricity
market.  The regulators and key politicians are very much in favor of further
liberalization and the benefits this would provide, but the timing in
uncertain.  Until further tangible steps are taken to improve third party
access for electricity in Japan, we will significantly reduce our power
marketing efforts and focus on the significant opportunities that currently
exist in our other wholesale businesses.   Once the necessary regulatory
changes have been completed we expect to aggressively pursue Enron's
traditional position as the leading buyer and seller of electricity in every
deregulated market.

Based on these changes Joe Hirl our President of Enron Japan will move to the
Global Markets group and lead a team made up of Enron Japan staff that will
focus on developing all our Global Markets opportunities in Japan especially
Weather,  Oil,  LNG,  Coal, and Shipping.    We expect to continue our
general recruiting  of Japanese nationals and as President of Enron Japan,
Joe will continue to provide the overall business leadership for Enron Japan
and this will also include recruiting and the Analyst and Associate program
in Japan.  The Finance origination team headed by Jeremy Thirsk will continue
to report to Joe and also move to Global Markets.  Morten Erik Pettersen is
still evaluating possibilities inside and outside of Japan and will decide
shortly on his direction. (if we make this announcement on 7 May as suggested
above, then we can make the previous sentence more precise)  The
Equity/FX/Interest rate team which is a part of Global Markets has two
employees in the Tokyo office today and they expect to expand their efforts
throughout the year.

The EnCom group, which is our power plant development business (with minority
partners) and headed by Carey Sloan will continue its efforts in developing
power plants in Japan.  We are pleased with the progress we are making on a
number of sites and EnCom will continue to report to the Enron Europe Office
of the Chairman.

Our Metals team headed by Kazunari Sugimoto will continue to report through
Enron Metals in London.

By May we expect Enron Credit to have two to three employees in Tokyo pursing
the Credit Derivative business.  These employees remain in  Enron Credit , a
part of Enron Europe.

EBS has two employees headed by Jim Weisser and this team expects to expand
by year end.

The Industrial Markets team also expects to have two employees in the Tokyo
office in the next couple of months.

In the last seven months the commercial support services for Japan have been
transitioned to London for support and this is not changing.  Jane McBride
heads the legal team and will continue to functionally report  to Mark Evans,
General Counsel in London.   The RAC function will continue to report to Ted
Murphy, head of RAC for Enron Europe.   The Risk Management and Accounting
team is headed by Jan-Erland Bekeng will continue to functionally report to
Fernley Dyson in London.  The  IT, HR,  Tax and real estate teams will also
continue to functionally report to London.

Nick O'Day who heads both the Public Affairs group (Government & Regulatory
Affairs and the Public Relations) in Japan will report to the Enron Europe
Office of the Chair with a Public Relations functional reporting to Jackie
Genle in London and a Government Affairs functional reporting to Rick
Shappiro in Houston.   We anticipate that his team's efforts will be
primarily directed to supporting the EnCom power plant development team but
he will also continue to provide support for Global Markets, EBS & Industrial
Markets.

We have already made considerable progress in breaking into the Japanese
markets across a wide range of Enron businesses and we anticipate that this
will be a major profit center for profit growth for years to come. Through
these current changes we can demonstrate our ability to be flexible and
target our resources where they will realise the most immediate value for the
company.


This looks good.  Is there any value in assigning people to the agenda items,
e.g., "Special Session"--Sandi and Sac lobbyists"?


Sutton Financial Review.


Attached please find the Transfer and Assumption Agreement.  In the interest
of
time, I am sending this document to all parties simultaneously.  Thus, Merrill
Lynch and/ or Sullivan & Cromwell may have further comments.

Best regards,

Kate Polozie

Katarina B. Polozie
McDermott, Will & Emery
kpolozie@mwe.com
(202) 756-8130
(See attached file: WDC99_390293_11.DOC)

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/

 - WDC99_390293_11.DOC


Attached for your review is the revised draft of the ISDA Master Agreement
between SITA and Enron Capital & Trade Resources International Corp.

Stephanie Panus
Sr. Legal Specialist
Enron North America Corp.


The State Consultants' Stock Buys Questioned Energy: State official urges
conflict of interest probe into purchases of shares in power firms.
Los Angeles Times, 07/17/01
UK: LME disciplines Enron Metals, accepts settlememt.
Reuters English News Service, 07/17/01
LME Fines Enron $264,000 for `Serious' Rule Breaches (Update2)
Bloomberg, 07/17/01
Communications Company Terremark Issues Warns Investors about Losses
KRTBN Knight-Ridder Tribune Business News: The Miami Herald - Florida,
07/17/01
Calif Senator: Enron Contempt Charge Seen Dropped Tue
Dow Jones Energy Service, 07/16/01
SMARTMONEY.COM: One Year and Counting (Their Losses)
Dow Jones News Service, 07/16/01
AReM Says Sweet Bailout Deal for Edison Eliminates Competitors, Rebuilds
Monopoly and Keeps Consumers Hostage
PR Newswire, 07/16/01
Dutch Power Mkt Pressure On Watchdog, Generators, Mounts
Dow Jones Energy Service, 07/16/01
U.S. Northwest Power Claims Put Utilities at Odds, Paper Says
Bloomberg, 07/16/01
India Rejects Enron Proposal for NTPC to Buy Dabhol, Paper Says
Bloomberg, 07/16/01

California; Metro Desk
The State Consultants' Stock Buys Questioned Energy: State official urges
conflict of interest probe into purchases of shares in power firms.
JEFFREY L. RABIN; ERIC BAILEY
TIMES STAFF WRITERS

07/17/2001
Los Angeles Times
Home Edition
B-7
Copyright 2001 / The Times Mirror Company

Secretary of State Bill Jones on Monday urged California's attorney general
to investigate possible conflict of interest violations by consultants hired
to help the Davis administration navigate the energy crisis.
Jones, a Republican candidate for governor, said at a Los Angeles news
conference that Atty. Gen. Bill Lockyer and the state Fair Political
Practices Commission should determine whether seven of the consultants have
conflicts of interest because they own stock in one or more energy companies.
He also asked the state's chief law enforcement officer to immediately
determine whether the governor's office violated state law by exempting 21 of
the 45 consultants from financial disclosure requirements.
"I am gravely concerned that a cloud of illegality and collusion exists at
the highest level of our state government due to the actions and the
conscious policy of secrecy of Gov. Davis," Jones said.
That brought a sharp retort from the governor's spokesman, Steve Maviglio,
who attacked Jones for engaging in campaign politics.
"The secretary of state has a five-person team bankrolled by the taxpayers
attempting to dig up dirt for political reasons," Maviglio charged.
"This is politics pure and simple being played by a candidate desperate to
get his name in the paper," Maviglio said. If there are any violations of the
law, he added, "they're going to be addressed."
The secretary of state's entry into the energy controversy poses yet another
headache for Davis as he prepares to run for a second term next year.
Already, the GOP and some power producers have begun airing commercials
critical of Davis' handling of the power crunch, forcing the governor to dip
into his own campaign funds to fight back.
Jones, as the state's chief elections officer, contends that his concerns are
not just political. He noted that he appoints one of the five members of the
Fair Political Practices Commission, which enforces campaign finance and
conflict of interest laws.
Among other things, Jones questioned why Vikram Budhraja, head of the
Electric Power Group, a Pasadena energy consulting firm, bought stock in
Edison International and Dynegy Corp. in the days before he went to work for
the state.
Budhraja was hired under a $6.2-million contract between his firm and the
state Department of Water Resources that was signed on Jan. 18. Like two
dozens of the consultants hired by the state, he did not complete a financial
disclosure statement until last week, more than six months after he went to
work for the department, which now buys power for the state's three largest
utilities.
The financial disclosure statement filed by Budhraja last Thursday shows that
he bought between $10,000 and $100,000 worth of Dynegy stock on Jan. 11. Six
days later, he bought between $10,000 and $100,000 of Edison stock.
That was the same day that Davis declared a state of emergency because of the
energy crisis and ordered the Department of Water Resources to begin buying
power on behalf of the state's financially troubled major utilities.
On Jan. 22, Budhraja again bought between $10,000 and $100,000 of Edison
stock. On his disclosure statement, he indicated that he began work for the
state Jan. 25 and sold the stock on Jan. 29--the first opportunity he had to
divest his holdings.
Jones told reporters that Budhraja's investments in Edison grew by 44% to
47%, while his Dynegy investment increased 28% in that brief period.
Budhraja was also on retainer as a consultant to Edison International,
earning more than $100,000 in the year before becoming a contractor for the
state.
Maviglio said Budhraja wrote a letter to DWR Deputy Director Ray Hart saying
he had no dealings with Edison International. He also was not involved in any
long-term contracting with Edison.
Any profits Budhraja made from the stock are irrelevant because the stock was
sold by the time he was on the job, Maviglio said.
Another consultant, Bernard Barretto, who describes himself as an energy
trader/scheduler for the state, disclosed last week that he purchased stock
in power producer Enron Corp. But no date or amount of the purchase was
listed.
Financial disclosure forms filed last week by five other consultants show
they all own stock in Calpine Corp., a major California-based power
wholesaler.
Energy trader Elaine L. Griffin bought between $10,000 and $100,000 worth of
Calpine stock on Feb. 1. Her contract with the state began Feb. 20. Griffin's
newly completed economic disclosure statement does not show her selling the
stock. Herman Leung, who went to work as an electricity scheduler in March,
bought between $2,000 and $10,000 worth of Calpine stock on Jan. 22.
Schedulers William F. Mead, Peggy Cheng and Constantine Louie also disclosed
that they own stock in Calpine. Mead, in fact, said his holdings ranged
between $100,000 and $1 million. But their forms contain an important
omission: The consultants do not say when they purchased the shares.
Oscar Hidalgo, a Water Resources spokesman, said the agency's attorney is
reviewing all the past purchases to ensure that no laws were violated by
contractors buying power or negotiating long-term contracts with companies in
which they held stock.
"We're reviewing all that to see if [there were] any problems with any past
negotiations," Hidalgo said. "We're looking at all the records in past buys
or trades so we understand who exactly did what."
He said it's a "very big task" that will take weeks to complete.
In the meantime, those contractors who have disclosed stock ownership have
been recused from working with generators in which they have a financial
interest.
The governor's spokesman said several of the contractors who own stock in
Calpine are not traders, and thus do not have direct dealings with the
company.
"If you own Calpine stock and aren't doing any business with Calpine, then
you're fine," Maviglio said.
Calpine is one of a number of firms that negotiated long-term contracts with
the state and that have come under fire from critics who say they will saddle
consumers with artificially high electricity costs for years to come.
For weeks, Jones has been sharply critical of the administration's failure to
require its consultants to file conflict of interest forms, which must be
completed within 30 days of a person starting work.
The governor's spokesman said the administration was told by the state's
political watchdog agency that only consultants serving in a staff capacity
or participating in decisions must file the forms.
As a result, he said, only two dozen of the 45 consultants were required to
complete the paperwork--most of them "hastily and clumsily" prepared last
week, according to the secretary of state.
Two of those who have not filed are Wall Street executives Joseph Fichera and
Michael Hoffman, key advisors to Davis on his plans to rescue California's
debt-ridden utilities. In that role, according to their contract, they could
make millions.
Maviglio said the two men, who have done extensive work for private energy
companies, are "squeaky clean," but he would not elaborate.

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

UK: LME disciplines Enron Metals, accepts settlememt.

07/17/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, July 17 (Reuters) - The London Metal Exchange (LME) said on Tuesday
it had taken disciplinary action against Enron Metals Ltd (EML) for breaches
of its regulations.
In a notice, the LME said EML had persistently failed to deliver warrants in
time and failed to input trades into the matching system.
"Enron Metals Ltd submitted an offer of settlement to the LME, in which it
admitted the charge and agreed to pay a fine of 190,000 pounds," the Exchange
said.
The LME added that EML had cooperated throughout the dsiciplinary process so
its enforcement committee had agreed to ratify the settlement.
EML is one of the LME's 12 ring-dealing members, which trade on the
exchange's open-outcry floor. Its metals trading operation, the former MG
Plc, is a unit of U.S.-based energy giant Enron Corp . Enron acqired MG in
May 2000.
RULES BREACHED
The LME said that between August 1999 and February 2001 EML had persistently
failed to ensure that warrants needed to settle its exchange contracts were
delivered to the London Clearing House (LCH) by 1100 local.
A warrant is similar to a bearer bond, in that it denotes ownership of
LME-registered metal stored in recognised warehouses.
These failures to deliver on time jeopardised confidence in the LME's
delivery system, and the exchange's committee concluded that EML's systems
for ensuring compliance with rules and regulations had been seriously
inadequate.
Also, between May 2000 and February 2001, EML persistently failed to input
trades into the LME's matching system, where trades are allocated by the
clearing house.
Concerning both the inputting errors and the late deliveries of warrants, EML
frequently provided explanations that were inadequate.
"The LME recognizes that since EML became part of the Enron Group, greater
resources have been devoted to improving systems and procedures. EML has also
sought to reassure the LME that it is commited to compliance with the LME
rules and regulations," the LME added.

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

LME Fines Enron $264,000 for `Serious' Rule Breaches (Update2)
2001-07-17 08:06 (New York)

LME Fines Enron $264,000 for `Serious' Rule Breaches (Update2)

     (Adds daily LME volume in fifth paragraph, Enron statement
sixth-eighth.)

     London, July 17 (Bloomberg) -- The London Metal Exchange
said it fined Enron Corp. 190,000 British pounds ($264,000) for
``seriously inadequate'' compliance with trading rules that
threatened to undermine confidence in the largest metals
market.
     That's the biggest fine levied by the LME other than those
stemming from the 1996 Sumitomo Corp. copper trading scandal,
said Jo Holmes, an exchange spokeswoman. LME fined banks as
much as 6.5 million pounds after a rogue copper trader lost
Sumitomo $2.6 billion.
     Houston-based Enron, the world's largest energy trader and
one of the largest LME traders, violated exchange rules over an
18-month period through late delivery of warrants, documents
that confirm the completion of a metals sale, the LME said in a
statement. Enron failed to rectify its procedures despite
repeated warnings, the exchange said.
     ``By persistently failing to make delivery on time and
failing to take swift action to remedy underlying problems,
(Enron) jeopardized confidence in the LME delivery mechanism,''
the statement said.
      Enron's failures to comply ``were repeatedly brought to
the attention'' of the company between last May and February of
this year, said the LME, whose transactions are worth about $10
billion a day, Holmes said.

                         Admission

     Enron admitted rules breaches in a statement. The
violations stemmed from its acquisition last May of MG Plc, the
world's largest copper-trading company, for $445 million, which
expanded the natural gas and electricity trader's metals
business.
     MG's back-office systems required ``substantial
adjustment'' to comply with Enron's standards, the company's
statement said.
     ``Enron Metals has cooperated fully throughout this period
with the LME and has taken steps to remedy the situation,'' the
company said.

Communications Company Terremark Issues Warns Investors about Losses
Beatrice E. Garcia

07/17/2001
KRTBN Knight-Ridder Tribune Business News: The Miami Herald - Florida
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Terremark Worldwide, which last month opened the long-awaited, highly touted
NAP of the Americas in downtown Miami, lost $103.9 million for its fiscal
year ended March 31, warned investors about its need to raise additional
capital and noted that its auditors have concerns about the company's ability
to its operations.
In a report issued July 9 and included in Terremark's filings with the
Securities and Exchange Commission, the company's independent auditors,
PricewaterhouseCoopers in Fort Lauderdale, said that Terremark "has suffered
recurring losses from operations and has a net liquidity deficit that raise
substantial doubt about its ability to continue as a going concern."
However, Manny Medina, Terremark's chairman and CEO, remains confident that
the investors that have backed him will continue to do so. He said he has
always raised the financing as he needs it, rather than stockpiling capital
in the bank. That's the way he said he has been doing business for 20 years.
Medina said the going-concern letter from the auditors is "just a black and
white" issue. "You have to have your business plan funded for the next 12
months or you get a going-concern letter from the auditors."
A going-concern letter does indicate that a company needs additional
financing, said accounting sources. Yet, issuing such a letter is not a
practice that auditors take lightly, they added.
In documents filed Monday with the SEC, Terremark noted "there can be no
assurance that any financing will be available ... on acceptable terms or at
all."
Medina said Terremark's ability to finish this project has been questioned
from day one. "But the building is finished, the customers are signed up and
the traffic is running."
Medina was referring to the Technology Center of the Americas where the NAP
is housed. Terremark oversaw the construction of that facility in downtown
Miami. Terremark put in place a $109 million debt and equity financing
package late last year to finance the construction.
Terremark has 34 binding contracts from various major firms including AOL
Time Warner, Deutsche Telekom, Emergia, Enron, EPIK Communications, Global
Crossing, Qwest, SBC Internet Services and FPL Fibernet, to use the NAP.
The company believes the revenue from NAP's customers will allow to fund this
data exchange point.
Sandra Gonzalez-Levy, Terremark's senior vice president for corporate
communications, noted that the interim NAP, which Terremark opened at the end
of December, started producing revenue immediately. The company reported
revenue of $252,906 from the interim NAP for the quarter ended March 31.
Gonzalez-Levy said the additional capital would be needed to carry out the
company's plans to build additional data centers, smaller versions of the NAP
in Miami, in Latin America and the Far East.
Benjamin Finzi, executive vice president of EPIK Communications and head of
the consortium of more than 100 telecom firms which supported the building of
the NAP in Miami, said he hadn't seen Terremark's actual financial
statements.
However, Finzi said that in the past, Medina has assured consortium members
that his investors would continue to back the financing of the NAP and its
continued operations.
Other sources close to Terremark said that Medina has always preferred to
raise the capital he needs in the capital markets because it has greater
credibility. But they believe Medina could tap his investors, some in the Far
East and others in the Middle East, to continue funding this project rather
than let it fail.
Yet, the financing market for telecom companies remains difficult.
Many firms, including possible tenants for the NAP, have pulled back their
expansion and cut back operations because they don't have the capital and
they don't sufficient revenues at this point to their day-to-day business.
One investment banker who follows the company noted that the auditor's letter
would make it more difficult for Terremark to raise the capital it needs to
fund its expansion into Latin America and the Far East.
Terremark said it hopes to refinance at more favorable terms for the TECOTA
financing package. The financing includes $61 million in debt and $48 million
in equity.
During the latter part of its fiscal year, the company placed $40 million in
convertible debt via a private placement.
The net loss from operations for the fiscal year was $21.3 million compared
to $6 million in the 2000 fiscal year. Revenue for the year rose to $40.1
million from $15.4 million.
Terremark's fiscal-year loss of $103.9 million includes a one-time charge of
$61.1 million for discontinued operations, primarily due to the write-off of
goodwill for operations sold.
Businesses shed in the past year include Telecom Routing Exchange Developers
(T-Rex), Spectrum Communications, which had a presence in Argentina, Brazil,
Peru and Chile, and its unified messaging and faxing operations in China.
In the past year, Terremark has been transforming itself from one of South
Florida's major real estate developers to an Internet infrastructure company
providing networking and managed services. The company has said it will sell
businesses that don't fit with this strategy.
Terremark said it has a $17.2 million contract to sell Fortune House II, a
condominium/hotel project in Fort Lauderdale Beach. It's scheduled to close
July 25.
The company initially had a contract for $18.5 million to sell this project,
but it fell through, Gonzalez-Levy said.
For the fiscal quarter ended March 31, Terremark reported revenue of $15.9
million with a net loss of $71.7 million compared to revenues of $14.5
million and a net loss of $15 million for the March 2000 quarter. News
Service edited version:

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

Calif Senator: Enron Contempt Charge Seen Dropped Tue

07/16/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- A California Senate committee is likely to drop a
contempt charge against Enron Corp. (ENE) Tuesday because the company is
close to agreeing to provide information for an investigation into wholesale
electricity prices, Sen. Joe Dunn, D-Santa Ana, said late Monday.
"There has been a dramatic change, and I am optimistic that by noon (Tuesday)
there will be a resolution with Enron," said Dunn, who chairs the Senate
Select Committee to Investigate Market Manipulation.
The committee voted last week to forward a contempt charge to the full Senate
because Enron refused to provide certain financial documents and sign the
committee's version of a confidentiality agreement. If the full Senate voted
to hold Enron in contempt, it could issue punishments including hefty fines
and incarceration of executives. - - 17/07/01 00-46G
The committee also voted last week to drop its contempt charge at any time
before a full Senate vote if Enron agreed to meet the committee's requests.
"Enron has chosen to intimate to us that they will comply with our demands.
They have asked us for the ability to preserve certain objections. There's a
possibility we may be sued by other market participants, and if so, Enron
wants to preserve its opportunities to pursue objections at that time," Dunn
said.
Enron filed a lawsuit last week to stop the committee's subpoena of financial
records, and a company attorney said during hearings that Enron was likely to
contest the contempt charge as well.
In talks Monday, however, Enron mentioned the possibility of dropping the
lawsuit, Dunn said, which is not a requirement to the committee's dropping
the contempt charge.
No-one at Enron could be reached immediately for comment.
The documents sought by the price manipulation committee include information
on bidding and pricing behavior in the state's electricity markets. The
committee originally was poised to cite seven other electricity generators
for contempt, but all eventually agreed to provide the requested information.
-By Jessica Berthold, Dow Jones Newswires; 310-962-2843;
jessica.berthold@dowjones.com -0- 17/07/01 01-32G

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

SMARTMONEY.COM: One Year and Counting (Their Losses)
By Matthew Goldstein

07/16/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Of SMARTMONEY.COM

IF YOU'RE AN INVESTOR, no one needs to tell you how much things have changed
since this time last year. On July 16, 2000, the Dow Jones Industrial Average
stood at 10812, while the Nasdaq Composite checked in at 4246. Now, they're
at 10473 and 2029, respectively.
It's been a rough stretch for just about everyone - including the members of
the SmartMoney.com Investor Panel, which we inaugurated just over a year ago.
So rough, in fact, that we've lost contact with five of our 15 panel members.
Has the market's turmoil driven them to the sidelines? Possibly. Have they
fled stock investing altogether? We hope not. But if the sharp fall-off in
online stock-trading activity is any indication, there are plenty of
investors who, like our wayward panel members, are missing in action.
The panelists we were able to reach are using the technology-stock meltdown
as an opportunity to reassess their investment strategies and goals. Last
summer, most of their portfolios were still tilted heavily toward tech. But
after seeing countless former highfliers lose half their value or more over
the past year, the majority of our panel members are praying at the altar of
market diversification. Says Lisa Frischhertz, a New Orleans stay-at-home
mother who last year described herself as an aggressive growth investor: "I
have diversified as much as possible by looking for stocks in varied sectors
and not just in technology. I have also bought two REITs [real estate
investment trusts] for their high-dividend yields, which I probably would not
have considered in the past."
Indeed, several panel members have sold shares in companies like data-storage
giant EMC (EMC), telecommunications company Lucent Technologies (LU) and
computer-hardware titan Sun Microsystems (SUNW), in favor of energy, utility,
financial, retail and health-care stocks. Some of their favorites: power
companies Enron (ENE) and Xcel Energy (XEL), credit-card giant MBNA (KRB),
medical-testing firm Quest Diagnostics (DGX) and specialty retailer Chico's
FAS (CHS). Jack Sulser, a retired U.S. foreign-service officer and one of our
most active panel members this year, has even added the stock of a stodgy
trucking company - Werner Enterprises (WERN) - to his holdings.
But it isn't just the buying habits of our panel members that have changed
during the past year; their expectations are different as well. With the
Standard & Poor's 500's giddy 20% to 30% annual returns in the late 1990s a
now distant memory, our panelists generally say they'd be pleased to end this
year modestly in the black (most of them lost money last year). Still, our
roundtable doesn't expect the market to start a sustained rally until the
fourth quarter at the earliest. "Until some key companies start making their
quarters, we are going to move sideways," says Kent Newsome, a Houston
lawyer. "I don't see any significant upside for the rest of the year."
Another area of agreement: Most panelists have taken a rather dim view of
Wall Street analysts, especially the ones who kept their Buy ratings on
technology stocks throughout the Nasdaq collapse. Panel members generally
applaud the efforts by securities regulators and politicians to make analysts
more accountable to the public. But several panelists also say investors need
to ask themselves why they followed the analysts over the cliff so blindly.
Says Rey Pana, a retired IBM executive: "Let the buyer beware." If you'd like
to join the Smartmoney.com Investor Panel, send an email to Staff Editor
Matthew Goldstein. Include your occupation, a daytime and evening telephone
number, a brief summary of your investment strategy and a list of the major
stocks you own.
For more information and analysis of companies and mutual funds, visit
SmartMoney.com at http://www.smartmoney.com

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

AReM Says Sweet Bailout Deal for Edison Eliminates Competitors, Rebuilds
Monopoly and Keeps Consumers Hostage

07/16/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

Energy Service Providers Vehemently Oppose ABX2 82
SACRAMENTO, Calif., July 16 /PRNewswire/ -- The Alliance for Retail Energy
Markets (AReM) today announced its strong opposition to ABX2 82, the state
Assembly Democrats' most recent alternative to the Southern California Edison
MOU.
As drafted, this new legislation seeks to immediately close the door on
direct access and prevent the restoration of retail choice until at least
2003. This will effectively remove the ability of customers to take control
of their own energy supply needs, thereby rendering them hostage to the
utilities.
"This bill is about putting Edison back on its feet and putting Edison's
competitors out of business," said Rick Counihan of Green Mountain Energy
Company. "Customers' right to choose the best energy option to meet their
needs, and the needs of the environment, is being trampled in the name of
restoring a monopoly."
Furthermore, ABX2 82 raises questions about the status of existing contracts
and current customers who may be forced, under the provisions of this bill,
to return to extremely high priced power under the utilities.
"In many ways this bill is worse than AB X1 because it threatens to nullify
extension contracts for current direct access customers," said Aaron Thomas
with AES NewEnergy. "This would force customers to return to utility service
which would require the state to buy even more power than it has already."
AReM stressed that it is long overdue for policy makers to promote an
equitable and workable retail energy market. The legislature must immediately
amend this legislation and replace it with a policy that is not created at
the expense of large and small retail customers.
"Legislators have argued that it is important for California to take control
of its energy destiny," said Andrea Weller of Strategic Energy. "Too bad they
are not willing to let Californians take control of their energy destinies."
Alliance for Retail Energy Markets (AReM) is a coalition whose member
companies serve nearly all of the California customers who have chosen a
competitive energy provider instead of their traditional utility provider.
AReM members include AES NewEnergy, Inc., Calpine, Commonwealth Energy Corp.,
Enron Energy Services, Inc., GreenMountain Energy Company, The New Power
Company, New West Energy, Shell Energy Services, and Strategic Energy, L.L.C.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X92216507

/CONTACT: Tracy Fairchild, +1-916-442-2331, or +1-916-835-9007, or or Erica
Manuel, +1-916-442-2331, or +1-916-201-5029, both of Alliance for Retail
Energy Markets/ 15:38 EDT
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Dutch Power Mkt Pressure On Watchdog, Generators, Mounts
By Arent Jan Hesselink
Of DOW JONES NEWSWIRES

07/16/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

AMSTERDAM -(Dow Jones)- The pressure on Dutch energy market watchdog Dte to
force electricity generators to disclose commercially sensitive plant status
information is mounting.
Monday, electricity traders wrote an open letter through VOEG, a free trade
association for electricity and gas, that generators in the Netherlands be
forced to publish information on power plant outages.
"I have been saying it for ages: generators should let the market know what
they're doing at their plants," said a trader with a large utility, while
another said VOEG's proposal, if agreed, would lead to a "more stable, honest
market."
VOEG is reacting to recent hikes in prices for Dutch spot electricity. Those
prices have soared in recent weeks, reaching levels of up to EUR1,200 a
megawatt-hour on some days from around EUR35.00/MWh on a normal day.
Traders have been speculating that unreported generator outages are at least
part of the reason for the price hikes. Unscheduled outages are especially
problematic in the Dutch market because of the small volumes traded.
Reserve plant is difficult to bring on line quickly and readily-available
imported power is limited by congestion on the country's transmission lines.
When generators or suppliers are forced to cover short positions at short
notice, the result is therefore usually extreme.
Also, traders have said they suspect generators of deliberately pushing up
prices by cutting output.
Generators have always denied such allegations and no conclusive evidence has
ever been presented against them.
Clyde Murley, spokesman for Reliant Energy Inc (REI), which owns the Dutch
generator UNA, said information on the status of UNA's plant is "just too
commercially sensitive to make public." He said the generator doesn't approve
of VOEG's ideas, but declined to be drawn on their possible consequences.
A spokeswoman for Belgian-based Electrabel SA (B.ELE), also active as a
generator in the Netherlands, also said it "categorically doesn't want to
disclose such information."
Dte spokesman Hans Jacobs, declined to comment on VOEG's letter. Jacobs said
Dte is mapping market opinions on the way the Dutch electricity market
functions, in response to the electricity price hikes VOEG is responding to.
"We expect that process to be concluded at the end of this month," Jacobs
said. "We will then consider possible measures."
He added though that the Dte hasn't ruled out forcing generators to publish
outage details, whether or not such outages are caused by maintenance.
Monday's letter isn't the first on this subject to fall on Dte's doormat Last
week, a group of foreign power traders on the Dutch market sent a similar one
to the watchdog. Signatories to that letter included such parties as Enron
Corp ENE), Aquila Inc (ILA) and TXU Corp (TXU), and Dutch companies Eneco and
Remu.
Generators active in the Netherlands aren't required to publish any
information over outages, in contrast to the Nord Pool market that covers
Denmark, Norway, Sweden and Finland.
Since deregulation, European countries such as the U.K., Germany and Spain
have allowed generators a far greater degree of confidentiality over
controlling market sensitive information than exists in most financial
markets.
There are four generators active in the Netherlands: U.S-based Reliant Energy
Inc. (REI), Belgium's Electrabel SA (B.ELE), Germany's E.On AG (EON) and
Dutch firm Essent NV. All of them have entered the Dutch market by buying a
local generator.
-By Arent Jan Hesselink, Dow Jones Newswires; 31 20 6260770;
arentjan.hesselink@dowjones.com

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

U.S. Northwest Power Claims Put Utilities at Odds, Paper Says
2001-07-16 13:08 (New York)

     Washington, July 16 (Bloomberg) -- Enron Corp.'s Portland
General Electric and Avista Corp.'s Avista Energy are among
utilities in the U.S. Northwest that face claims by other regional
electricity providers that they were overcharged by $611 million,
the Oregonian reported.
    Such claims could pit one utility against each other as they
try to protect their customers. The utilities requesting refunds,
which include the Bonneville Power Administration and Tacoma
Power, were forced into paying unfair prices because of
California's energy crisis, the paper said, citing filings with
the Federal Energy Regulatory Commission.
     Some of the companies requesting refunds are on Tacoma's list
of targets. The situation would require sorting out every
transaction that occurred in the region, the paper said, citing
Rod Johnson, PGE's vice president for power supply.
     Unlike California, where power was bought and sold in a
central spot market, most sales in the Northwest were bilateral
contracts between willing buyers and sellers, the paper said.
Utilities didn't have to buy the power if they didn't like the
price, the paper said, citing Don Godard, manager at Grant County
PUD.

India Rejects Enron Proposal for NTPC to Buy Dabhol, Paper Says
2001-07-16 02:55 (New York)

     New Delhi, July 16 (Bloomberg) -- India said the state-run
National Thermal Power Corp. won't buy Enron Corp.'s stake in its
local unit Dabhol Power Co., the Business Standard reported,
citing Press Trust of India, a news agency.
     Enron Chairman Kenneth Lay at a meeting with India's Power
Minister Suresh Prabhu last week made the proposal, the paper
said. The minister rejected it on grounds National Thermal is not
in the business of taking over loss-making power companies.
     Enron's Lay also suggested the government could use National
Thermal, the country's largest power generator, and other state-
run utilities such as Power Trading Corp. to buy power generated
by Dabhol as a way to lower costs.
     National Thermal produces a quarter of India's electricity.
Power Trading owns the nation's power grid.
     Dabhol, 65 percent owned by Enron, and Maharashtra State
Electricity Board, its only customer, have been quarrelling for
the past seven months over unpaid bills. The board has stopped
buying power from Dabhol and construction work on the $3 billion
plant was halted last month after lenders stopped funding it.


I asked Mike this week if your baby was here, and he said that you had just
returned to the office.  Congratulations on the birth of your little girl.  I
hope that all three of you are surviving those first few weeks of adjustment
and that sleep is not too short a commodity in your house!   I will look
forward to seeing pictures of Lauren when I am next in London.  You do know
that now that you are a dad that it is a requirement to be armed with
adorable pictures at all times?!
--Sally


Tana,

Please provide update for profiles when you have a minute.  I am missing
responses for Oct. 24th, 26th and 27th from last week.

Thanks,
Stephanie


On November 2, 2000, the California PUC issued an Order Instituting
Investigation into the adequacy of Sempra's, SoCal's and SDG&E's planning of
SoCal's and SDG&E's gas transmission system and what measures should be taken
to correct any deficiencies.  The parties have been ordered to appear and
show cause at a hearing (to be scheduled by the assigned ALJ) demonstrating
that:

 - SDG&E has adequate gas and transmission supply for the 2000/2001 winter
heating season, as well as the longer term throughout the year.  If such
supply is not adequate, SDG&E shall submit plans for obtaining an adequate
supply.

 - SDG&E's gas and transmission supply is adequate to meet anticipated need
for gas-fired electric generation.  If not, SDG&E shall submit plans for
obtaining adequate supply.

 - SDG&E's  gas transmission service is not being adversely affected by
interests of its corporate affiliates.

 - Recently added demands on SDG&E's capacity are not negatively impacting
supply for SDG&E's customers, and are otherwise consistent with
representations to the Commission.

 - SDG&E's current gas curtailment rules are just and reasonable; if not,
SDG&E shall propose changes.

 A written response from the three parties on these issues is due on November
22.  Other parties may file comments on the response within 10 days after the
response is filed.

 The Commission also ordered SDG&E to evaluate whether an interim,
interruptible program, which will provide cost incentives to those customers
voluntarily electing interruptible service, is needed this winter.  If so,
SDG&E must submit a proposal for expedited Commission consideration.

 The OII represents the Commission's response to an Advice Letter filed by
SDG&E requesting emergency review and approval of its proposal to temporarily
revise the gas transportation service level elections of its large electric
generation customers.  The Advice Letter was heavily protested and was
withdrawn by SDG&E.

 In my conversation with Mark Baldwin regarding our pending consulting
agreement for monitoring California regulatory matters for Transwestern, I
asked him to watch for Sempra's Nov. 22 filing and to advise whether he
believes Transwestern should file comments or appear at the hearing that is
to be scheduled.  I will follow up with Mark, and provide you with a copy of
the filing.


I think that it makes perfect sense now that Sydney rolls into London.  Sally
and I have discussed this in the past and she will concur.  Hope all is well!

SRM

HEIDI MASON@ENRON_DEVELOPMENT
11/16/2000 07:37 PM
To: Scott Mills/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: Re: Reporting Line for Sydney Risk Officer

I dont know how 'international' the year end review will be. I will contact
Mike Jordan directly and find out specifically who the line should be. I have
discussed it with Mike when I was in London and his only concern was that the
move to London was in line with Sally's understanding and that you and she
was comfortable with it.

 Thanks for your help on this.

With thanks

Heidi

	Scott Mills@ECT
	17/11/2000 11:29 AM

		 To: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Sally Beck/HOU/ECT@ECT
		 Subject: Re: Reporting Line for Sydney Risk Officer

Since a majority of the activity is power related, I would imagine that
Justin should roll into the overall power group in London.  They may have
other ideas!
The mid-year reviews were localized to Sydney only, will this be different at
year end?

SRM

HEIDI MASON@ENRON_DEVELOPMENT
11/16/2000 04:50 PM
To: Scott Mills@ECT
cc: sally.beck@enron.com
Subject: Reporting Line for Sydney Risk Officer

Scott

With all our reporting changing to London Office and now it appears some
restructure of risk and the broadening of Sally's role, what are we going to
do for the second report for our new risk manager, Justin Den Hertog - he has
taken over from Alan.

He reports to me locally, but functionally he would traditionally have
reported to you on behalf of Sally's area. I assume this has now moved with
the rest of us and would therefore be either James New or Mike Jordan in
London? Can you please advise me via return email as we are working on our
PEP stuff, reviews etc.

With thanks

Heidi


Did you find out anything about this deal?  We really need to get this out of
the NEW Counterparty status.

Thanks!
---------------------- Forwarded by Sharen Cason/HOU/ECT on 02/07/2001 08:59
AM ---------------------------

	Enron North America Corp.

	From:  Sharen Cason                           02/06/2001 08:42 AM

To: Kate Symes/PDX/ECT@ECT
cc:
Subject: # 509638

This deal was entered as New Counterparty which is fine for a short period of
time.  However, within a few days someone needs to make sure to change the
deal to the correct counterparty name.  Can you look into this and let me
know?

Thanks!