Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You bought 1 shares of JNPR (Juniper Networks Inc Com) at 182.000000.

ORDER DETAILS:
The tracking number for this order is: B-300-AAYY-7964
Order entered at:                      12:05:30 on 11/15/00
Order processing began at:             12:05:31
Order executed at:                     12:05:31 on 11/15/00

ACCOUNT DETAILS:
Time and Date: 12:05:32 on 11/15/00
Your position in JNPR is -79 shares
Your real cash total is $23,850.79

You will receive a printed Datek Online confirmation by postal mail, or by
electronic delivery if you are subscribed to that service.

Questions regarding this transaction? Contact our Customer Support department
by e-mailing support@datek.com. Please reference the order tracking number.


I just created a deal for TRCO contract 3.3433 (deal 157600).  This is the
master contract for all ENA deals on rate schedule FTSR.  We will be doing
nominations under this contract.

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/27/2000 06:31
PM ---------------------------

Chris Germany
12/27/99 02:28 PM
To: Beverly Beaty/HOU/ECT@ECT, Anita K Patton/HOU/ECT@ECT
cc:
Subject: Re: TRCO

Setting these up in Sitara will be part of my night job.  I must have peace
and quiet to focus on Transco.

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 02:27
PM ---------------------------

Sylvia A Campos
12/27/99 02:16 PM
To: Chris Germany/HOU/ECT@ECT
cc: Linda S Bryan/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Judy
Townsend/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT, Anita K Patton/HOU/ECT@ECT,
Brenda H Fletcher/HOU/ECT@ECT
Subject: Re: TRCO

The following contracts are set up in Global.

Sylvia

Chris Germany
12/23/99 09:36 PM
To: Linda S Bryan/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT
cc: Dan Junek/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT, Anita K Patton/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT
Subject: TRCO

Linda, Sylvia,  I need you to set up the Transco contracts as outlined
below.

As agent for CES unless specified otherwise, Firmness = Firm, Service Type =
Transportation-Release

 K# K Type  Rate Term    Comment
 1.1703 TRANSP FT-R 1 month then evergreen  ENA's .7537 contract
 2.1439 TRANSP FTL-R 1 month then evergreen  ENA's 2.2390 contract, we need
to create new Rate Sched
 2.7425 TRANSP FTS-R 1 month then evergreen  Special z4 to z4 contract.  ENA
does not have one like this.
 2.7423 TRANSP FTCH-R  1 month then evergreen ENA's 2.7055, also used for z4
to z4
 2.7479 Storage WSR 1 month then evergreen  Washington Storage.
 2.7502 Storage ESR 1 month then evergreen  Eminence Storage

 2.1432 TRANSP FT-R 1 month then evergreen  As agent for CEM.  ENA's .7537
contract.

We will be billed commodity on the 4 contracts listed above.  We will be
billed demand on the contracts listed below.

 3.3053 CAPACI FT-R 1/1/00 - 1/31/00   schedule on 1.1703
 3.3096 CAPACI FT-R 1/1/00 - 1/31/00   schedule on 1.1703
 3.3039 CAPACI FT-R 1/1/00-  1/31/00   schedule on 1.1703
 3.3109 CAPACI FTS-R 1/1/00 - 1/31/00   schedule on 2.7425
 3.3085 CAPACI FTCH-R 1/1/00 - 1/31/00   schedule on 2.7423
 3.3114 Storage ESR 1/1/00 - 1/31/00   schedule on 2.7502
 3.3115 Storage WSR 1/1/00 - 1/31/00   schedule on 2.7479
 2.4899 CAPACI FTL-R 1/1/00 - 5/31/08   schedule on 2.1439
 2.7160 CAPACI FTL-R 1/1/00 - 5/31/08   schedule on 2.1439
 2.8607 CAPACI FTL-R 1/1/00 - 5/31/08   schedule on 2.1439
 3.3014 CAPACI FT-R 1/1/00 - 1/31/00   schedule on 1.1703

 3.3022 CAPACI FT-R 1/1/00 - 1/31/00   CEM capacity.  schedule on 2.1432

I'm sure I made a few typo's.

thanks


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Dan, please accept my apologies for replying so late.  I was out of town
again, and am back at trying to complete 5+ days of work within 3 days.

Thanks for accepting a lot of our requests.  Let me follow up with a couple
of additional inquiries.

7.  Re 4.2(iv), please suggest language as you've indicated in sentence 2.
Anything along the lines you've proposed likely will be agreeable.

8.  Re 4.2(v) and (vi).  How about 20 days?

13. Definition of "Act."  I suggest you refer to Article 11, sections 5 and
9 of the California Constitution, to be more specific.  Section 3 is not
regularly cited as the line of authority to the best of my knowledge, though
I can see how the language could lead  one to cite it.

21.  In California, the concept of binding mediation is not recognized, if I
have understood our outside counsel at prior mediations in which I've
participated.  Mediation is non-binding.  As a practical matter, it can cost
almost as much in terms of time, money and effort to proceed to mediation,
but the "rules of engagement" are not as tight as are found in arbitration.
We avoid the rigid procedures.  I believe Enron should consider this
approach at times.  Having gone through a couple, I would not recommend to
my client that we would proceed any further once the mediator makes a
proposal that's acceptable to the parties.  The cost of arbitration is not
worth it.  That's why we in California tend to prefer mediation to
arbitration.

22.  I have to insist on behalf of my client that we assemble some list.
Surely, Enron can submit a list of people that will be initially approved to
engage in authorized transactions.  We can do the same.  We've had an
unfavorable experience with another Texas-based
energy company regarding the scope of its representative's authority.  We
don't want to litigate the issue of due authority.  That list would help
It's not a matter of the city claiming the authority to back out of the
contract, because someone arguably didn't have the authority.  There are a
ton of cases which would make it extremely difficult to make that claim.

Thanks.  Grant.
  -----Original Message-----
  From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
  Sent: Thursday, March 08, 2001 3:13 PM
  To: grant_kolling@city.palo-alto.ca.us
  Cc: Kim.Ward@enron.com
  Subject: RE: Enfolio Master Firm Purchase/Sale
Agreement

   << File: 2001-002ctr.doc >> << File: 0071988 RESO Enron.doc
>>
  (See attached file: 2001-002ctr.doc)

  Grant,
       I have reviewed your requested changes and have made
the changes which
  do not require explanation or clarification.  Those changes
are reflected
  in the above document.  Let me go over your list of items:
       1.   I have deleted the word "DRAFT".
       2.   I have left a blank for the date within the month
of March 2001
  when the contract would be executed by the City.
       3.   I have changed the word "may" to "shall".
       4.   Maximum Daily Delivery Point Quantity does not fit
in a
  Deficiency Default, it is just the maximum quantity that can
be handled by
  a party at a particular point.  I do not think their is an
omission.
       5.   I have added the word "reasonable".
       6.   The procedue for how the Termination Payment is
determined is
  provided, if the City disagrees with the method and values
provided in the
  statement and is unable to convince the Company to revise,
the statement,
  then the issue is to be resolved in arbitration.  At the
point that a
  Termination Payment calculation is necessary, a long drawn
out period
  should not be necessary to attain closure.
       7.   We need to limit the duration to 30 days,  neither
party should
  be required to wait 60 days before it could accelerate the
other party's
  obligations under the Contract.  We might be able to add
language to extend
  the period if we had some documentation stating the steps
that a party was
  pursuing to cause the proceeding to be dismissed and the
other party was
  otherwise kept whole from a credit exposure.
       8.   I have kept the 30 days because 5 days is too
short a period.
  During a holiday period, one scheduling error could cover
the entire
  period.  Article 3 has language which provides a remedy for
a party if a
  scheduling default extends for more than 5 days during any
month.
       9.   The reason is because Enron Corp. is the rated
entity and no
  separate rating applies to ENA.
       10.  I have changed "a" to "the"
       11.  I have eliminated the  60 day limitation on the
duration of an
  event of Force Majeure.
       12.  This merely addressed the possibility of a
imbalance amount being
  due when a pipeline aggregates imbalances using multiple
points, and the
  language would allocated the payment based on the amount of
the imbalance
  that a particular party may have caused.  I think the
language is clear as
  written.
       13.  The definition of Act was one of the items that I
had requested
  that you review and complete as necessary so that all
appropriate statutes
  were referenced.  I am still waiting for your language.  I
started filling
  it in using language that had been provided by the City.
       14.  I added the word "reasonable".
       15.  I have made the requested change relating to
GAAAP.
       16.  This is a late payment provision and as such a
believe that the
  provision should be more than a party's rating, as such I
have kept the 2%
  over prime language.
       17.  These amounts were determined by the credit group
and any change
  needs to be discussed with that group.  BBB-  is considered
investment
  grade and I understand that Enron Corp.'s rating is BBB.
ENA is not a
  rated entity and that is why the language relates to Enron
Corp.'s rating.
       18.  The elimination of the opinion of counsel did not
change the
  requirements relating to the representations that we expect
the City to
  have made.  If the City cannot make these representations,
then we need to
  know that before we execute the Contract.
       19.  I have added the word "reasonable".
       20.  The party that has the Transport Agreement with
the Transporter
  should have the legal right to obtain the information based
on its
  contract.
       21.  It is our position that any dispute be arbitrated.
We can agree
  to meditation if we can make the outcome binding on the
parties.  I am
  willing to discuss any changed language that you might care
to offer.
       22.  We have found that personnel of both our Company
and that of our
  Customers change so rapidily that the list is not workable
and merely
  allows a party to back out of transactions it does not like
on the basis
  that the person who agreed to such transaction was not on
the list.
  Therefore , we object to any listing of approved parties who
can transact.
  We believe that each party should be responsible for the
actions of its
  employees and should stand behind any transactions that
those parties may
  enter into pursuant to the terms and provisions of the
Contract.

       I will be out of the office on Friday, but will be in
all next week if
  you care to discuss any of these matters.

                      "Kolling, Grant"

                      <grant_kolling@city.palo-a        To:
"'Dan.J.Hyvl@enron.com'"
                      lto.ca.us>
<Dan.J.Hyvl@enron.com>, "Kolling, Grant"

<grant_kolling@city.palo-alto.ca.us>
                      03/02/2001 03:43 PM               cc:
Kim.Ward@enron.com

Subject:     RE: Enfolio Master Firm

Purchase/Sale Agreement

   <<0071988 RESO Enron.doc>>

  Dan:

  First, I've attached the proposed resolution which
authorizes the City
  Manager to execute the Enfolio agreement.

  More importantly, I need to inform you that our senior
management has
  reviewed the referenced contract; I have been asked to
present additional
  changes to the agreement for Enron's consideration and to
raise questions
  about certain of its terms and conditions.

  Let me start from page 1, top to bottom, and proceed to the
end of the
  exhibits.

  1.  There is the word "DRAFT" above the title of the Enfolio
agreement
  which
  should be deleted.

  2.  The introductory paragraph, line 5, should not contain
the words "1st
  of
  January, 2001."  It should be left blank, until the parties
have signed the
  contract.  Otherwise, the City will be in breach as of the
date it signs
  the
  contract, because Article 2, section 2.1 requires the City
to proffer the
  to-be-approved-by-Council resolution as of 1/1/01.

  3.  Article 2, Section 2.4, line 2.  The City (Customer)
wants Enron
  (Company) to confirm every recorded telephonic Transaction,
as defined.
  Therefore, the City requests the word "may" should be
changed to "shall."

  4.  Article 3, Sections 3.1 and 3.2, first sentence:
Buyer's Requested
  Quantity refers to the DCQ or MaxDQ.  Seller's failure to
Schedule the
  Buyer's Requested Quantity shall constitute a Seller's
Deficiency Default.
  How does a Maximum Daily Delivery Point Quantity fit into a
Seller's
  Deficiency Default if the Buyer's Requested Quantity does
not include a
  Maximum Daily Delivery Point Quantity?  What is the reason
for the
  omission?

  5.  Article 4, Section 4.1, lines 15 and 23:  Line 23 refers
to "reasonable
  attorneys' fees" yet line 15 refers to "attorneys' fees."
To be internally
  consistent, line 15 should say "reasonable attorneys' fees."

  6.  Section 4.1, right hand column, lines 3-4.  A statement
showing the
  determination of the Termination Payment will be prepared.
It's unclear
  whether the City is entitled to review and challenge the
determination
  before a dispute is referred to arbitration.  The City
should be entitled
  to
  receive a copy of the determination and to question it
before it is
  obligated to pay the Termination Payment.  Please clarify,
or permit the
  City to exercise these rights.

  7.  Section 4.2(iv) specifies that a Triggering Event will
exist if a
  bankruptcy petition is undismissed within 30 days.  Is this
(under
  bankruptcy laws) the minimum period of time within which one
may seek
  dismissal of a bankruptcy petition?  Please refer to the 11
USC section
  that
  backs up this provision, or change to 60 days.

  8.  Section 4.2(v) and (vi):  Please change "30 days" to "5
days."  The
  City
  is concerned with the number of days that Enron may be
permitted to fail to
  Schedule before a Triggering Event is triggered by Enron.

  9.  Section 4.2(ix):  this language discusses a default by
Enron Corp.
  (ENA's parent?), but no mention is made of ENA's default in
this regard?
  Please explain.

  10. Section 4.5, line 4:  Is "a Company" supposed to refer
to "the Company"
  ?

  11. Article 5.  The City is uncomfortable with the force
majeure provision
  as drafted.  It states that the parties must perform even if
a FM event
  (earthquake) would prevent either or both parties from
performing with the
  60-day period stated therein.  There is no such limitation
under California
  law in the absence of a contract provision to the contrary.

  12.  Article 7, Section 7.2:  Could Enron translate the last
sentence?  We
  don't understand it.

  13.  Appendix "1":  Act:  Please explain why Section 3 is
referred to?

  14.  Appendix "1", Claims, line 4:  Please add "reasonable"
before
  "attorneys' fees.

   15.  Appendix "1", GAAP:  This should read: "GAAP means
generally accepted
  accounting principles, consistently applied, with respect to
Company, and
  governmental generally accepted accounting principles,
consistently
  applied,
  with respect to Customer."

  16.  Appendix "1", Interest Rate:  Please delete "two
percent over".  The
  City has a AAA bond rating, therefore, the  City believes
the 2% over prime
  should not apply to it.

  17.  Appendix "1", Material Adverse Change:  What does Enron
believe the
  City's Net Worth to be?  The $400 million threshold is
mentioned.  Also,
  what is ENA's bond rating?  Is "BBB-" an investment grade
rating?

  18.  Representations and Warranties:  Because we have agreed
that the
  opinion of counsel will not be required, the reps and
warranties are being
  deleted.  But the "Representations and Warranties" is
nevertheless included
  in the agreement.  Item (i) should be deleted, because the
City has not
  undertaken a court search as is our custom and practice
whenever we issue
  an
  opinion.  We would like to delete "and (vii) it is not ...
Party."

  19.  Operational Flow Orders, line 8:  Please add
"reasonable" before
  "attorneys' fees."

  20.  Financial Matters, line 8:  What is meant by "to the
extent it has a
  legal right of access thereto and/or ...etc."

  21.  Arbitration, Disputes to be Arbitrated.  We do not as a
matter of
  legal
  policy agree to arbitration, but we will mediate disputes.
Is Enron
  amenable to mediation?  This process is less formal and less
costly in my
  opinion.

  22.  Authority for Transactions.  Staff would like the
Agreement to include
  a list of employees for Company and Customer who are
authorized to trade on
  behalf of their employers.  Could a statement be added to
this section to
  this effect?  Then, we could attach the list(s) as an
Exhibit C.

  Thank you so much for considering these issues.  There are
others which I
  hope to receive from staff next week and which I will
forward to you for
  response.

  Look forward to hearing from you soon.  I will be out of
town after today
  until Wednesday, March 7.

  Sincerely,

  Grant Kolling
            -----Original Message-----
            From:     Dan.J.Hyvl@enron.com
[mailto:Dan.J.Hyvl@enron.com]
            Sent:     Tuesday, February 27, 2001 6:16 AM
            To:  grant_kolling@city.palo-alto.ca.us
            Cc:  Kim.Ward@enron.com
            Subject:  Re:  Enfolio Master Firm Purchase/Sale
  Agreement

             << File: 2001-002ctr.doc >>
            (See attached file: 2001-002ctr.doc)

            Grant,
                 I have incorporated the language you provided
to me in
  the attached
            document.  I have been informed by the Corporate
Secretary's
  office that
            they will issue a Certificate of Incumbency
showing that the
  person
            executing the contract for ENA is authorized to
execute
  contracts for ENA.
            No other party signs as to form or terms, however,
the
  officer executing
            for ENA will require that the deal person and I
initial on
  the line next to
            his signature.  I have reviewed the proposed draft
  resolution.  ENA will
            accept the enacted resolution and will not require
that the
  City Attorney
            issue an opinion.  If the attached contract is
acceptable,
  please print off
            2 originals, have them approved, signed and
forward to me
  for ENA's
            approval and signature.  Once the contract is
fully
  executed, I will return
            one fully executed original to you for the City's
file.

  (See attached file: 0071988 RESO Enron.doc)


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/01/2000
08:42 AM ---------------------------

Diane Salcido@ENRON
07/29/2000 07:53 AM
Sent by: Diane Salcido@ENRON
To: Adriana Celedon/HOU/ECT@ECT, Leticia Flores/NA/Enron@Enron, Regina
Blackshear/Corp/Enron@ENRON, Judy Hernandez/HOU/ECT@ECT, Angela
Barnett/HOU/ECT@ECT, Esther Celedon/HOU/EES@EES
cc:
Subject: Re: Fwd: Fw: love ya!

And I love you, too.
Diane

---------------------- Forwarded by Diane Salcido/Corp/Enron on 07/29/2000
07:46 AM ---------------------------

Adriana Celedon@ECT
07/24/2000 04:42 PM
To: Lisa Zarsky/HOU/ECT@ECT, Shelby Malkemes/Corp/Enron@ENRON, Christy
Chapman/HOU/ECT@ECT, Esther Celedon/HOU/EES@EES, Donnis Traylor/HOU/EES@EES,
Kay Chapman/HOU/ECT@ECT, Karen E Campos/NA/Enron@Enron, Kathy
Campos/GPGFIN/Enron@ENRON, mcisnero@rice.edu, Ana Alcantara/HOU/ECT@ECT,
Gabby Perez/Enron Communications@Enron Communications, Adriana
Cortes/HOU/ECT@ECT, Judy Martinez/Corp/Enron@Enron, Lilia Roman/HOU/ECT@ECT,
Yolanda Rivera/HOU/ECT@ECT, Petra Olvera/HOU/ECT@ECT, Paulita
Olvera/HOU/ECT@ECT, Laura Gutierrez/HOU/ECT@ECT, Laura E Lara/HOU/ECT@ECT,
Diane Salcido/Corp/Enron@Enron, Valerie Villareal/HOU/EES@EES
cc:

Subject: Re: Fwd: Fw: love ya!

---------------------- Forwarded by Adriana Celedon/HOU/ECT on 07/24/2000
04:39 PM ---------------------------

Shelby Malkemes@ENRON
07/24/2000 03:16 PM
To: Laura Dudley/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, hddudley@sbec.com, Dana
Hulbert-Edmiston/Enron Communications@Enron Communications,
fword@ballardexpl.com, Adriana Celedon/HOU/ECT@ECT
cc:
Subject: Re: Fwd: Fw: love ya!

---------------------- Forwarded by Shelby Malkemes/Corp/Enron on 07/24/2000
03:16 PM ---------------------------
To: "Dudley, Dale" <hddudley@sbec.com> @ ENRON
cc:  (bcc: Shelby Malkemes/Corp/Enron)

Subject: Re: Fwd: Fw: love ya!

Subject: Love Ya!

Did Anyone Ever Tell You,
Just How Special You Are
The Light that You Emit
Might even Light a Star

Did Anyone Ever Tell You
How Important You Make Others Feel
Somebody out here is Smiling
About Love that is so Real

Did Anyone Ever Tell You
Many Times, When They were Sad
Your E-mail made Them Smile a bit
In Fact It made Them Glad

For the Time You Spend Sending Things
And Sharing whatever You Find
There are No Words to Thank You
But Somebody, Thinks You're Fine

Did Anyone Ever Tell You
Just How Much They Love You
Well,  My Dearest " Online "  Friend
Today I am Telling You

 ++++++++++++++++++

I HOPE I GET THIS BACK

I believe that without a friend
you are missing out on a lot!!!
Don't be confused by friends and
acquaintances, there is a difference!

Because I care about you,

It's national care week . . .
and you get to send messages to
all your friends telling them
that you care about them and
make them feel good about
themselves and if they write
back . . . (just once)
then that means that they care
about you too.

BUT, you have to send it right now!!
Send it to everyone you care
about and if they send it back . . .
that means they care too.
but don't just send it back,
send it on to everyone..

Have a nice day, and I'm glad we
are friends!!!


What is this case?
----- Forwarded by Richard B Sanders/HOU/ECT on 02/04/2001 09:34 AM -----

	"Healey, Chris" <chealey@LUCE.com>
	Sent by: "Hernandez, Lynne" <lhernandez@LUCE.com>
	01/25/2001 05:52 PM

		 To: "Allen, Gretchen" <gallen@bakerbotts.com>, "Bailey, Brent"
<bbailey@duke-energy.com>, "Beh, James" <james.beh@troutmansanders.com>,
"Bestor, Geoffrey" <BestorG@dsmo.com>, "Bliss, Erik" <erik.bliss@lw.com>,
"Brooks, John T." <jtbrooks@luce.com>, "Brown, Heather"
<heather.brown@williams.com>, "Butswinkas, Dane" <dbutswinkas@wc.com>,
"Calvani, Terry" <tcalvani@pillsburywinthrop.com>, "Carter, Grace"
<gacarter@phjw.com>, "Chasin, Charlie" <charles.chasin@msdw.com>, "Coleman,
Ran" <rcoleman@duke-energy.com>, "Copeland, Greg" <gcopeland@bakerbotts.com>,
"Costa, Jennifer" <jennifer.costa@neg.pge.com>, "Cottle, Lisa"
<lcottle@whitecase.com>, "Dalton, John" <john.dalton@troutmansanders.com>,
"Davenport, Hugh" <hugh.davenport@southernenergy.com>, "Davidson, Jeffrey"
<jeffrey_davidson@la.kirkland.com>, "Edwards, Barady"
<barady.edwards@bakerbotts.com>, "Edwards, Robert Jr."
<robert.edwards@troutmansanders.com>, "Eisenstat, Larry"
<EisenstatL@dsmo.com>, "Fallon, Robert" <FallonR@dsmo.com>, "Fergus, G."
<GFergus@brobeck.com>, "Forrest, Kirk" <kirk.forrest@williams.com>,
"Frizzell, Jean" <jfrizzell@gibbs-bruns.com>, "Gammie, John"
<john.gammie@williams.com>, "Goldberg, Alex" <alex.goldberg@williams.com>,
"Hamer, Mark" <mhamer@graycary.com>, "Harris, Scott"
<scott.harris@nrgenergy.com>, "Healey, Christopher" <chealey@luce.com>,
"Hein, Jennifer" <jennifer.hein@neg.pge.com>, "Herbert, John"
<jche@dynegy.com>, "Herman, Stephen" <steve.herman@neg.pge.com>,
"Hershberger, John" <hershberger@scmv.com>, "Hixson, Thomas"
<thixson@mdbe.com>, "Holcomb, Bruce" <HolcombB@dsmo.com>, "Houlihan, Terry"
<thoulihan@mdbe.com>, "Jines, Mike" <mike-jines@reliantenergy.com>, "Kadzik,
Peter" <KadzikP@dsmo.com>, "Karp, Joseph" <jkarp@whitecase.com>, "Kass,
Michael" <mkass@pillsburywinthrop.com>, "Kennedy, Thomas"
<tkennedy@mdbe.com>, "Kirby, Michael" <dcastro@pkns.com>, "Kleinman, Joel"
<KleinmanJ@dsmo.com>, "Lane, Linda" <llane@graycary.com>, "Larkin, Blake"
<blarkin@phjw.com>, "Leone, Michael" <leone@scmv.com>, "Leslie, John"
<jleslie@luce.com>, "Maxwell, Melissa" <mmaxwell@bakerbotts.com>, "McMahon,
Gerald" <mcmahon@scmv.com>, "McManus, Randy" <rmcmanus@bakerbotts.com>,
"Meier, Peter" <pcmeier@phjw.com>, "Merryman, Bryan"
<bmerryman@whitecase.com>, "Muller, Tim" <tim.muller@williams.com>, "Murphy,
Harlan" <Hemu@dynegy.com>, "Murphy, Tanya" <tanya.murphy@neg.pge.com>,
"Newton, Joel" <jdne@dynegy.com>, "Nissen, Neha" <nnissen@mdbe.com>, "Noonan,
David" <djn@pkns.com>, "Pallenik, Christine" <cmpallenik@duke-energy.com>,
"Paul, Joe" <jmpa@dynegy.com>, "Pedersen, Norman" <napedersen@jonesday.com>,
"Perlis, Mark" <PerlisM@dsmo.com>, "Peters, Mary Lou"
<marylou.peters@msdw.com>, "Pickens, A." <apickens@gibbs-bruns.com>,
"Pickett, Donn" <dpickett@mdbe.com>, "Raber, Stephen" <sraber@wc.com>,
"Reding, Jack" <jareding@phjw.com>, "Rice Kelly, Hugh"
<light-kelly@reliantenergy.com>, "Richardson, Tony"
<tony_richardson@la.kirkland.com>, "Roppe, Laura" <roppe@scmv.com>, "Russell,
JoAnn" <jprussell@duke-energy.com>, "Sanders, Richard"
<richard.b.sanders@enron.com>, "Sauntry, June Ann"
<juneann.sauntry@troutmansanders.com>, "Schofield, Bill" <wwschofi@phjw.com>,
"Shohet, Jeffrey" <jshohet@graycary.com>, "Smith, Mike" <msmith1@enron.com>,
"Sottosanti, Martha" <msottosanti@smrh.com>, "Springer, James"
<SpringerJ@dsmo.com>, "Starbird, Zackary" <zack.starbird@southernenergy.com>,
"Steiner, Robert" <rsteiner@luce.com>, "Taylor, Timothy" <ttaylor@smrh.com>,
"Tiffany, Joseph II" <jtiffany@pillsburywinthrop.com>, "Tribble, Douglas"
<dtribble@pillsburywinthrop.com>, "Varner, Carlton" <cvarner@smrh.com>,
"Weaver, Michael" <mike.weaver@lw.com>, "Wiegmann, Hack" <hwiegmann@wc.com>,
"Williams, Robert" <robert.c.williams@enron.com>, "Zdebski, Charles"
<charles.zdebski@troutmansanders.com>
		 cc:
		 Subject: First Page of Aguirre's WSRD Complaint

 <<Aguirre's Pg. 1 WSRD Complaint.pdf>>

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

CONFIDENTIAL

Luce, Forward, Hamilton & Scripps LLP
600 West Broadway
Suite 2600
San Diego, CA 92101-3391
(619) 236-1414

The information contained in this electronic mail transmission is
confidential and intended to be sent only to the stated recipient of the
transmission.  It may therefore be protected from unauthorized use or
dissemination by the attorney-client and/or attorney work-product
privileges.  If you are not the intended recipient or the intended
recipient's agent, you are hereby notified that any review, use,
dissemination, distribution or copying of this communication is strictly
prohibited.  You are also asked to notify us immediately by telephone and to
delete this transmission with any attachments and destroy all copies in any
form.  Thank you in advance for your cooperation.

 - Aguirre's Pg. 1 WSRD Complaint.pdf


NGI's Daily Gas Price Index
published : November 13, 2001
Watson: Enron Upside 'Clearly Worth Doing the Deal'
Dynegy CEO Chuck Watson told the investment community Monday that he was "90% sure" that the risk/reward ratio in the planned merger with Enron Corp. made it "clearly worth doing the deal," because the issues that decimated the former market leader were with its non-core businesses. Explaining that his team had "adequately bracketed the downside," as the deal fell together over the past few weeks, Watson said he could not be "99% positive," but noted that the upside was "substantial," and said he had a "good deal of confidence...that we'll be absolutely fine here."
Dynegy, which announced a $22 billion cash, stock and debt deal with its downtown Houston rival on Friday night, joined with Enron executives including Chairman Kenneth Lay on Monday to answer as many questions as they could in about 90 minutes. If all goes to plan, the two companies would become Dynegy Inc. by the third quarter of 2002, the clear leader in natural gas and power marketing.
In the second quarter 2001, Enron and Dynegy combined sold a total of 36.2 Bcf/d of gas, which represented 21% of the volumes sold by the top 20 gas marketers in North America (168.9 Bcf/d), according to a ranking by NGI. Enron was the top gas marketer with 25.3 Bcf/d and Dynegy was No. 6 with 10.9 Bcf/d. Statistics provided by Maryland-based Energy Performance Review (EPR) show that Enron and Dynegy combined sold 143,824 million kWh of power in the second quarter. That total represented 14% of the power sold by the top 20 largest power marketers (1,000,961 million kWh), according to EPR. Enron was in fifth place among power marketers with 73,724 million kWh sold, while Dynegy was in sixth place with 70,100 million kWh.
The blending of the two will not come without challenges, but Watson stressed he expects to see more opportunities than problems. The opportunity appears to have come none too soon for Enron. Greg Whalley, Enron's president and a future member of Dynegy's executive team, confirmed that without some kind of equity investment in the company, the once market leader probably could not have sustained its liquidity through the rest of this year.
"We definitely needed to raise some type of equity capital," said Whalley. "Under normal market conditions, we would have had adequate liquidity. This was not normal for Enron. We would not have had liquidity to the end of the year."
Asked about asset sales in anticipation of meeting federal requirements to merge, executives acknowledged there would be some, but did not elaborate. Whalley said that from an "Enron perspective, we have not spent a lot of time with Dynegy people to agree on a plan. Chuck (Watson) has to clear what is core to Dynegy. There are several (assets for consideration to sell) on the list."
Enron Chairman Kenneth Lay, who will not be part of the management team, but may hold a place on the Dynegy board of directors, added that Enron already has $4 billion in sales under contract, all expected to close by the end of 2002. "We also have three other significant international assets under contract," said Lay, referring to the among other things, the Dabhol power plant in India.
Once the merger of Dynegy with Enron is successfully completed, the new Dynegy will become the "primary market player in all markets," but there will be a significant difference in how the company moves forward, noted Dynegy CFO Rob Doty. Enron's financial-backed trading strategy will merge with the "strong asset base" of Dynegy's.
Dynegy has protected itself on the downside, however. The deal includes an out for Dynegy if Enron's legal liabilities exceed $3.5 billion.
Asked about the possibility that some of Enron's marketing and trading team may desert the company for another company, Watson, stressing that teamwork will be the guiding force going forward, said, "if I were in this industry, this is the combination I'd work for. This is an exciting day here. It's been an exciting couple of weeks" creating a "platform for something really special in the future."
Enron's Whalley said that he believes the company will keep most of its team intact. "They're accustomed to being part of a winning deal," he said, and "going forward, they will be very pleased with the additional infusion of equity and the stability in the marketplace." As of Monday morning, Whalley said that "activity looks pretty good," and said there had been a positive reception to the merger. "Right now, people are pleased with the introduction of new liquidity, and really want to go about establishing or re-establishing the energy franchise."
Dynegy President Steve Bergstrom agreed. "Most traders want to be part of a winning team. This is a combination that will be a winning team. We have similar issues there as well. The 'A' players will stay around to be part of the winning team." Bergstrom explained that when the merger is complete, the new Dynegy will become the "primary player in all markets." He said Dynegy has a "more asset-backed strategy," adding that he has said before that "you can only have one market maker and Enron clearly was it." By combining the two companies, there will be a blend of Dynegy's asset strategy with Enron's "financial skill set," giving the new entity "more liquidity market-making than Dynegy itself has historically done."
Added Watson, "both companies had a successful ratio and nothing is going to change there...I'm a strong believer in teams and the team concept. I don't want to see individuals do well if the company doesn't do well. It (will be) imbedded in the whole company."
Ben Schlesinger, whose company Schlesinger & Associates analyzes the energy industry, said Monday that the big problem in the merger is "whether these two companies are able to pull together...to harness what's there." He said the "two parties are clearly leaders," but theoretically, they will have to streamline their operations. "Both books are fairly strong," he said, and once their efficiencies are put together, the new company will offer "stable returns." In the "very short term," however, Schlesinger said there will be moves to other traders.
Other analysts also seemed to be throwing support behind the merger. UBS Warburg reiterated its "strong buy" rating on Dynegy, noting that "if successfully executed, this transaction would yield the most widely recognized, respected and downright credible wholesale/retail energy merchant in the world." However, UBS warned that Dynegy still faces a "daunting" task in merging the operations and employees. "We are not naive in underestimating the enormous challenge at hand. In the near-term, Enron must remain highly liquid, investment grade and its employees must remain focused on keeping its core wholesale/retail franchises up and running."
Merrill Lynch's Donato Eassey reiterated the "buy" on Dynegy and "moving to no opinion" on Enron. He said, "Dynegy has all the necessary skill sets and as importantly, the financial stability, resources and investor confidence and experience to get the job done...Enron's unparalleled online trading business should translate to significant prospects for the new Dynegy."
Curt Launer, an analyst with Credit Suisse First Boston, added that despite the size of the new company, "we do not expect major divestitures or closing issues because of the lack of asset concentration and the inherent competitiveness of the natural gas and power marketing business." He noted too that with the combination, "we have modeled a merchant unit that does 25% less business," because of "cross trading between them and some expectation of a loss of market share." Still, Launer said Dynegy would become a "formidable competitor" benefiting from a market share in excess of 20% of U.S. natural gas and power trading markets."
As expected with most major merger announcements, Moody's Investors Service placed the ratings of Dynegy and its subsidiaries under review for possible downgrade, noting that "notwithstanding the franchise benefits of the proposed merger, the financial and business risks associated with the transaction could negatively impact Dynegy's credit fundamentals." The review affects about $4 billion of Dynegy securities, including its subsidiaries Illinova Corp. and Illinois Power Co.
In its rating review, Moody's said it will "assess Dynegy's plans to meet the liquidity needs of the combined entity and to deal with the uncertainty surrounding Enron's off-balance sheet transactions and contingent risks...and examine the ultimate structure of the transaction, and its impact on Dynegy's financial leverage and on management's targeted debt levels." The ratings service also plans to "consider the governance framework within which the combined trading activities will operate."
Ratings under review are: Dynegy's Prime-3 rating for commercial paper; Dynegy Holdings' Baa2 senior unsecured debt rating and its Prime-2 rating for commercial paper; Illinova Corp.'s Baa3 senior unsecured debt rating; and Illinois Power Co.'s Baa1 senior secured and Baa2 senior unsecured debt ratings, and its Prime-2 rating for commercial paper.
Fitch revised its rating watch on Enron's outstanding securities to "evolving" from "negative," where they were placed in late October. The rating watch evolving means the ratings may be raised, lowered or maintained. Fitch also placed a rating watch negative on Dynegy and Dynegy Holding's long-term credit ratings, which also means they could be lowered or affirmed. The outstanding "F2" rated commercial paper programs for Dynegy and Dynegy Holdings were not affected.


While our established schedules of Tuesday and Friday DPR's would have us reporting tomorrow's activity on Monday, we will change that for month end.  Please email the January 31st DPR information for your respective groups to my attention by noon on Friday.  You should use the same spreadsheet format used for the 1/29/02 DPR.  All p&l and PRMA numbers should be in $'000's.

Starting in February, you will be able to export the data, as opposed to using the spreadsheets.

Thanks,

Chris Abel
Manager, Risk Controls
Global Risk Operations
chris.abel@enron.com <mailto:chris.abel@enron.com>
713.853.3102


We have shown you the following:

The power spreadsheets reflect the actual contracts closed and we have demonstrated in the charts the number of active transactions by month. I.E. you are correct. Welcome to "emerging power markets".

On the gas side there was some confusion of how to reflect the supply transactions. It has been corrected and is noted below.

In either case the volumes and numbers are small but there is a market willingness to transact. The question is "are there clear two ways". The reality is that this is very far away from the world of US energy. I have stated that this is not trading but rather structured origination based upon a trading principals and philosophy and cleared through a trading format. Maybe the market will emerge to a more sophisticated level but for now we just need to be able to clear the positions reasonably.

We are also trying to advance the model to a more liquid format but that is done through our regulatory efforts and commercial education. Every day is a new challenge.

Do you have any other questions or formats I could assist you with?

MFG

John J Lavorato
11/27/2000 11:36 AM
To:	Michael Guerriero/SA/Enron@Enron
cc:	David W Delainey/HOU/ECT@ECT

Subject:	Re: Argentine Transaction Summary

Mike

The number of trades doesn't seem to match between your presentation and the spreadsheet data.  The spreadsheet shows 17 power trades this year and your presentation shows almost that many every month.  Same comment for the gas side.

<Embedded StdOleLink>


Dave Parquet read a story we have for ENA's customer magazine, Exchange,
about California Power problems.

He says we may have the price cap wrong for the PX.  We have $2,500 for the
PX and $250 for Cal-ISO.

Are those figures accurate? He says the PX applied to FERC for a $350 cap.

Please advise ASAP as this publication has gone to press and I'm not even
sure we can change it.

Thanks,
Jeannie


Consistent with FERC's order dated August 23, 2000, in Docket Nos.
EL00-95-000 and EL00-98-000 (SDG&E Complaint), attached please find the
Notice of Initiation of Proceeding and Refund Effective Date.

 - Refundnotice.doc


with Rogan gone, the delegation suffers, the  two that you mentioned are
definite possiblilites..would Lewis, Rohbacher or Herger have any
interest..they might be good..


I'll originate the call.  Also, I'd like discuss immediate trading objectives
since I'm planning a trip down south in a few days and can be on the front
end.  SS

Brent Hendry@ENRON_DEVELOPMENT
09/08/99 08:41 AM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Re: Wednesday, Sept 8 phone call

Sara, can you conference us in?  I think the phone quality may be better if
this originates in Houston.  Thanks.

Andrea Bertone
08/09/99 12:46 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Re: Wednesday, Sept 8 phone call

3:00 pm S?o Paulo/BA time is fine with me. Who calls who?

Brent Hendry
09/07/99 02:05 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Wednesday, Sept 8 phone call

You are on my schedule for 3 p.m. if it works for Andrea.

Sara Shackleton@ECT
07/09/99 03:12 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Wednesday, Sept 8 phone call

I will coordinate with your schedules.  How about 3pm BA/SP time?  If not,
just propose a time and I'll be there.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/07/99 09:10
AM ---------------------------
From: Brent Hendry AT ENRON_DEVELOPMENT@CCMAIL on 09/06/99 10:00 PM
To: "Andrea Bertone/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL
cc: Sara Shackleton@ECT
Subject: Re:

The afternoon is better for me.  Sometime after 1p.m. BA and SP time.

Andrea Bertone
03/09/99 11:55 PM

To:   Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara
Shackleton@ENRON_DEVELOPMENT
cc:
Subject:

Sorry, guys, I had a bad week. Would you be available for a conference call
on Wednesday (Sept. 8) at any time after 10:00 a.m. BA and SP time (8 a.m.
Houston)? Monday and Tuesday are holidays here. Please let me know.


FYI - to be consistent with the settlement convention for products in Singapore we have amended the product long description for the IITRA product to be settled 14 Business Days after the index is available - please see attached.

Regards

Arfan

----- Forwarded by Arfan Aziz/LON/ECT on 13/07/2001 15:46 -----
From:	Arfan Aziz on 09/07/2001 17:53
To:	Justin Boyd/Enron@EUEnronXGate, Paul Maley/Enron@EUEnronXGate, Chris Sloan/Enron@EUEnronXGate, Janine Juggins/ENRON@EUEnronXGate, Guenther Klar/Enron@EUEnronXGate, Bjorn Hagelmann/Enron@EnronXGate, Mary Nordstrom/ENRON@enronXgate, Cindy Horn/Enron@EUEnronXGate, Rebecca Millerchip/Enron@EUEnronXGate
cc:	Simon Thurbin/Enron@EUEnronXGate, Dimitri Taylor/Enron@EUEnronXGate, Debbie Nicholls/Enron@EUEnronXGate, Raju Dattani/Enron@EUEnronXGate, Carol Chew/SIN/ECT@ECT, Patrick Markey/HOU/ECT@ECT, Homan Amiry/Enron@EUEnronXGate, Camille Sexton/Enron@EUEnronXGate, Ian Brungs/Enron@EUEnronXGate, Enron London - EOL Product Control Group/LON/ECT@ECT, Paul Henking/SIN/ECT@ECT, Scott Moncrieff/Enron@EUEnronXGate, Matthias Lee/SIN/ECT@ECT, Andy James1/Enron@EUEnronXGate, Christopher Connelly/Enron@EUEnronXGate, Kevin Meredith/ENRON@enronXgate, Robert B Cass/Enron@EnronXGate, Mark Taylor/Enron@EnronXGate

Subject:	FW: URGENT - re Tanker Freight

Please note that the two new Tanker Freight Product Types have been added to EnronOnline for your approval.  They are as follows:

UK Tanker Freight BITR 11 Swap
SG Tanker Freight IITRA Swap

Please approve these by noon on Wednesday 11th July so that we may meet our deadlines and launch on Monday 16th July.  Please call if you have any queries.

I have also attached the approproate GTCs (our general financial GTCs)

Please also note that the existing BITR 7 product descriptions will be changed on Friday to be in line with the new product types..

Regards

Arfan

----- Forwarded by Arfan Aziz/LON/ECT on 09/07/2001 17:46 -----
From:	Arfan Aziz on 09/07/2001 12:25
To:	Paul Henking/SIN/ECT@ECT, Homer Lin/HOU/ECT@ECT, Ian Brungs/Enron@EUEnronXGate, Debbie Nicholls/Enron@EUEnronXGate, Matthias Lee/SIN/ECT@ECT, Kevin Meredith/ENRON@enronXgate, Robert B Cass/ENRON@enronXgate, Mark Taylor/ENRON@enronXgate, Scott Moncrieff/Enron@EUEnronXGate
cc:	Enron London - EOL Product Control Group/LON/ECT@ECT, Justin Boyd/Enron@EUEnronXGate

Subject:	FW: URGENT - re Tanker Freight

Apologies again everybody - latest decsriptions.

Arfan

----- Forwarded by Arfan Aziz/LON/ECT on 09/07/2001 12:20 -----
From:	Arfan Aziz/Enron@EUEnronXGate on 09/07/2001 12:04
To:	Paul Henking/SIN/ECT@ECT, Homer Lin/HOU/ECT@ECT, Ian Brungs/Enron@EUEnronXGate, Debbie Nicholls/Enron@EUEnronXGate, Matthias Lee/SIN/ECT@ECT, Kevin Meredith/ENRON@enronXgate, Robert B Cass/ENRON@enronXgate, Mark Taylor/ENRON@enronXgate, Scott Moncrieff/Enron@EUEnronXGate
cc:	Enron London - EOL Product Control Group/LON/ECT@ECT, Justin Boyd/Enron@EUEnronXGate

Subject:	FW: URGENT - re Tanker Freight

Apologies everybody - attached are the descriptions as they will appear on the webpage.

Thanks

Arfan

 -----Original Message-----
From: 	Aziz, Arfan
Sent:	09 July 2001 11:21
To:	Taylor, Mark E (Legal); Henking, Paul; Lin, Homer; Brungs, Ian; Nicholls, Debbie; Lee, Matthias; Meredith, Kevin; Cass, Robert B.
Cc:	Enron London - EOL Product Control Group,; Boyd, Justin
Subject:	URGENT - re Tanker Freight

Please find attached the latest long description for the tanker freight products.  Please note that I will add this to the system this afternoon as it stands for the UK and Singapore products (changing the route details)  unless I hear otherwise so as to enable us to get everything approved and meet the live date for next Monday.

Thanks

Arfan

 << File: Tanker Freight @5.7.01.doc >>

 -----Original Message-----
From: 	Moncrieff, Scott
Sent:	09 July 2001 11:12
To:	Nicholls, Debbie
Cc:	Aziz, Arfan; Henking, Paul; King, Joe; Lin, Homer
Subject:	RE: Tanker Freight BITR 9 approval

approved,
thanks very much.
it would be great if Houston and Singapore could be up and running for next Monday
thanks

 -----Original Message-----
From: 	Nicholls, Debbie
Sent:	06 July 2001 10:18
To:	Moncrieff, Scott
Cc:	Cane, Graham; Aziz, Arfan
Subject:	Tanker Freight BITR 9 approval

Scott,

I have read all the mails from Paul and his questions relate to the issue which Matthias brought up regarding if the Flat rate changes within a period would two flat rates be used etc etc.  The answer is no the last Flat Rate shall be used for the whole Determination Period.

I have attached the latest wording from legal for BITR 9 and made the appropriate changes highlighted in red, Singapore's amendment is shown in respect to our previous request in blue.

Please let me know if you approve of the final wording so Arfan can send this to the lawyers for their final approval which hopefully after all this time would mean that  EOL can post BITR 9 & 11 and IITRA on EOL for Monday 16th July.

If you have any questions, please let me know.

 << File: Tanker Freight @5.7.01.doc >>

Regards,

Debbie


Start Date: 4/26/01; HourAhead hour: 24;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042624.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 24 / Preferred:  27.00 / Final:  26.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TRADING_SC: PWRX
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Start Date: 10/23/01; HourAhead hour: 19;  HourAhead schedule download failed. Manual intervention required.


Dan,

Attached below is revised Fuel Supply Agreement consent that OPIC counsel has
revised based on our comments last week.  Please confirm that the attached
draft is acceptable.

Thanks,
Diana
---------------------- Forwarded by Diana Parker/ENRON_DEVELOPMENT on
10/02/2000 04:35 PM ---------------------------

"Lowry, Mark (BUSI Attorney - WAS)" <malowry@velaw.com> on 10/02/2000
03:45:53 PM
To: "Parker, Diana (Enron)" <diana.parker@enron.com>
cc:

Subject: FW: Consent

-----Original Message-----
From: Spivak, Mark
Sent: Monday, October 02, 2000 9:52 AM
To: Cox, Elizabeth M.; Lowry, Mark (BUSI Attorney - WAS)
Subject: FW: Consent

Liz, please print attachment for me.

-----Original Message-----
From: Judith Radding [mailto:judith.radding@dpw.com]
Sent: Friday, September 29, 2000 9:46 PM
To: jgalan@enron.com; mspivak@velaw.com; jmwilson@velaw.com;
nrive@opic.gov; rgree@opic.gov; mliu@opic.gov;
francisco.pinto.leite@enron.com; richard.lorr@marad.dot.gov;
kevin.feury@marad.dot.gov
Cc: hadley@dpw.com; epaxson@dpw.com; mortimer@dpw.com
Subject: PQP: Consent

 Attached please find a draft of the Consent and Agreement (Amended
and
Restated Fuel Supply Agreement) among Puerto Quetzal Power LLC and Enron
Power Oil Supply Corp. blacklined to mark changes from the last draft
distributed.

      Best regards,

      Judy Radding

 - consent.fuel.supply.1.wpd.jradding.1.blk.pdf
 - ATT1569386.txt


OK.  Our input is for technical information (Scope and performance)
Who is responsible for this document overall?  If the answer is me...please
let me know.  Who do I contact in Global finance.


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/30/2001
11:21 AM ---------------------------

Dawn C Kenne
01/30/2001 08:01 AM
To: Jennifer Baer <jbaer1@maine.rr.com>, "Amanda Barnard"
<ajbarnard@houston.rr.com>, Pam B Boxx/HOU/ECT@ECT, Michelle Bythewood
<rbwood@ix.netcom.com>, "Bythewood, Richard" <rbythewood@txi.com>, "derek
campbell" <derek.campbell@paslode.com>, PMDESMAR@earthlink.net, Linda J
Ewing/HOU/ECT@ECT, maxnbev@wesnet.com (Max Fledderjohann), mafrit@cvtv.net
(Marie Fritsche), "garynkay" <GARYWGARRETT@email.msn.com>, Darron C
Giron/HOU/ECT@ECT, kristi.giron@cfisd.net, HeightsHappy@aol.com @ ENRON,
"Jinnette, Reed" <Reed.Jinnette@compaq.com>, "Keeling, Ingelisa"
<ikeeling@velaw.com>, "B. Kenne" <yona_edoda@yahoo.com> @ ENRON, "don e
kenne" <donkit@tnaccess.com> @ ENRON, plmichaud <plmichaud@pdq.net>, Mark
Troyer <mtroyer@swbell.net>, "Ray Vincent" <raylvincent@hotmail.com> @ ENRON,
<tina.vincent@bcminc.com> @ ENRON, Michelle C Waldhauser/LON/ECT@ENRON, Eric
Wardle/HOU/ECT@ECT, Terry wilson <wlsnt@yahoo.com> @ ENRON, "Tracey Wilson"
<twilson@officefurnishings.com> @ ENRON, Jason Wolfe/NA/Enron@ENRON, Ed
Zajicek <e.zajicek@pentasafe.com>, gary.wilson@oracle.com, Phillip M
Love/HOU/ECT@ECT, Jennifer Bagwell/NA/Enron@ENRON
cc:
Subject: Fw: If Texans didn't think this way... this would be funny!!!!

---------------------- Forwarded by Dawn C Kenne/HOU/ECT on 01/30/2001 08:03
AM ---------------------------
From: Torrey Moorer on 01/30/2001 07:56 AM
To: Dawn C Kenne/HOU/ECT@ECT, Peter Berzins/NA/Enron@Enron, Matt
Motsinger/HOU/ECT@ECT, Simone La Rose/HOU/ECT@ECT, Adam
Johnson/NA/Enron@Enron, Tara Sweitzer/HOU/ECT@ECT
cc:

Subject: Fw: If Texans didn't think this way... this would be funny!!!!

---------------------- Forwarded by Torrey Moorer/HOU/ECT on 01/30/2001 08:01
AM ---------------------------

Jim & Tracey <lawstar@swbell.net> on 01/29/2001 05:40:50 PM
To: Torrey.Moorer@enron.com, Malcolm Guidry <mamosi.guidry@prodigy.net>,
Kilraven19@aol.com, CMcgalin@aol.com, "BAKER, ERIN R" <EBAKER@entergy.com>
cc:
Subject: Fw: If Texans didn't think this way... this would be funny!!!!

----- Original Message -----
From: Aleta Nash <anash@spnbl.com>
To: Carol Foster <cfoster.GWPO.SPNBL_GWDOMAIN@spnbl.com>; Doneane Beckcom
<dbeckcom.GWPO.SPNBL_GWDOMAIN@spnbl.com>; Dana Overstreet
<doverstreet.GWPO.SPNBL_GWDOMAIN@spnbl.com>; Michelle Pitts
<mpitts.GWPO.SPNBL_GWDOMAIN@spnbl.com>
Sent: Monday, January 29, 2001 4:54 PM
Subject: If Texans didn't think this way... this would be funny!!!!

Foreigner's Travel Guide to Texas
>
>
> Like it or not, the new Texas White House will be in Crawford, Texas and
> soon will  be drawing a number of people to the state, including many who
> are not used to Texas ways. They might find the following advice useful.
>
>
> 1) Don't expect to find filet mignon or pasta primavera at the local
> restaurant. It's a cafe. They serve hamburgers and chicken fried steak.
Let
> them cook something they know.  If you confuse them, they'll kick your
ass.
>
>
> 2) Don't laugh at the names (Merleen, Bodie, Bubba, Bobby Ray, Curley,
Tammy
> Lynn, Billy Joe, Sissy, Clovis, etc.).  Or we will HAVE to kick your ass.
>
>
> 3) Don't order a bottle of pop or a can of soda. In Texas it's called a
> coke. Nobody gives a damn whether it's Pepsi, RC, Dr. Pepper, 7-Up or
> whatever - it's still a coke. Accept it.  Doing otherwise can lead to an
ass
> kicking.
>
>
> 4) We know our heritage. Most of us are more literate than you (read some
J.
> Frank Dobie). We are also better educated and generally a lot nicer than
> you.  Don't refer to us as a bunch of cowboy hicks, or we'll kick your
ass.
>
>
> 5) We have plenty of business sense (e.g., Howard Hughes, H. Ross Perot,
> Southwest Airlines, Dell computers). Naturally, sometimes we have small
> lapses in judgment (e.g., Phil Gramm).  However, we are not dumb enough to
> let someone move to our state just so they can run for the US Senate.  If
> anyone tried to do that they would  get a serious ass kickin'.
>
>
> 6a) Don't laugh at our Civil War monuments. If Lee had listened to Gen.
Hood
> you'd be paying taxes to Richmond instead of Washington.
>
>
> 6b) IF you visit the Alamo, take your hat off and be properly humble, or
> we'll kick your ass.
>
>
> 7) We are fully aware of how hot it gets and high the humidity is, so shut
> up about it.  If you can't stand the heat get out of the kitchen, or we'll
> kick your ass.
>
>
> 8a) Do not attempt to eat tamales without first removing their corn husk
> casing. Everyone will instantly know that you're a Yankee.
>
>
> 8b) DO NOT, under any circumstances, complain that the chili is TOO hot or
> contains no kidney beans, this will get your ass kicked into next week.
>
>
> 9) Don't talk about how much better things are at home because we know
they
> are not. Many of us have visited Northern hell-holes like Detroit,
Chicago,
> and DC, and we have the scars to prove it.  If you don't like it here,
Delta
> is ready when you are. Move your ass on home - before we kick it.
>
>
> 10) Yes, we know how to speak proper English. We talk this way because we
> don't want to sound like you. We don't care if you don't understand what
we
> are saying. All other Texans understand what we are saying and that's all
> that matters. Now, go away, or we'll kick your ass.
>
>
> 11) Don't complain that certain areas of  this state  "smell" of  oil.  If
> your livelihood depended on those wells you'd soon learn to love the
aroma.
> Besides, None of OUR lakes or rivers have caught fire recently.  If you
> whine about OUR scenic beauty, we'll kick your ass all the way back to
> Pittsburgh, PA.
>
>
> 12) Don't ridicule our Texas manners. We say sir and ma'am. We hold doors
> open for others. We offer our seats to old folks. Such things are expected
> of civilized people. Behave yourselves around our sweet little gray-haired
> grandmothers, or they'll kick your ass -- just like they did ours.
>
>
> 13) Don't think we're quaint or losers because most of us live in small
> towns.  We do this because we have enough sense to not live in crime
> infested cesspools like Baltimore. Make fun of our small towns and we'll
> kick your ass.
>
>
> 14)  DO NOT DARE to tell us how to cook barbecue. This will get your ass
> shot (right after it is kicked). Criticize the barbecue and you may go
home
> in a pine box -- minus your ass.
>
>
> 15) Remember, the only reason you are lucky enough to be here in the first
> place is because we have not pulled the Border Patrol off the Rio Grande
and
> put them on the Red River (where they really belong) to keep your ass out.
>
>
> 16) Enjoy your visit.


Attached is an updated phone list for the Accounting and Reporting Group that moved to 3 Allen Center.

Raetta

 -----Original Message-----
From: 	Jolibois, Anne
Sent:	Monday, October 01, 2001 10:03 AM
To:	Zadow, Raetta
Subject:	Updated Phone List ETS Accounting

Anne Jolibois
ETS Accounting & Reporting
713-853-6414


Carol, enclosed please find proposed revisions to ISDA Schedule Part 6 -- the
revisions would incorporate the 2000 Supplement to the 1993 Commodity
Derivatives Definitions.  I have also enclosed a brief memo from me to Sara
discussing the revisions.

The revisions do not seek to substantively change Part 6 (e.g., we are not
seeking to change the "Disruption Fallbacks" or their priorities).  The
revisions simply acknowledge the 2000 Supplement and make the terminology
consistent.

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


See below for current Financial Confirmations personnel and duties:

Nat Gas/Liquids Confirms:
Joe Hunter - Lead
Kevin Meredith -   Main EOL contact, All Gas & Liquids products
Derek Bailey   Main Liquids contact, All Gas & Liquids products
Janie Aguayo   Nat Gas

Emerging Products:
Diane Anderson - Lead  Weather/Pulp/Paper
Celeste Cisneros  Weather
Tiffany Williams   Pulp/Paper


i have a new one for you to download on napster:

lord tariq and peter gunz:   deja vu.

you will definately like this one.  let me know when it is a good time to
burn another cd.


Shari:  When you get back after vacation and have caught up, give me a call
to chat about the NYISO pricing.  Elizabeth suggested that we coordinate our
efforts to capture extreme pricing revisions and negative pricing issues.
Our power confirms currently include a modified version of Section 7.3 (of
the 1993 ISDA Commodity Derivatives Definitions) in our omnibus confirms for
price changes.  I am still tracking third party paper.  Thanks.  Sara


Thanks so much for your quick response.

We're having the documents executed right now and will fax an executed copy
to you.  We may want to trade in the a.m.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	"Cosma, Marcelo (Toronto-BCE)" <Marcelo_Cosma@ml.com>
	05/23/2001 04:55 PM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: Repo Agreement

Let's use the same dates, then.

Thanks,

Marcelo A. Cosma
Office of General Counsel--Canada
Tel.:  1-416-369-7478
Fax:  1-416-369-4551
E-mail:  marcelo_cosma@ca.ml.com

This email message is intended for the addressee only.  It may contain
information which is privileged, confidential or exempt from disclosure
under applicable law.  Any dissemination or copying of this email
message by anyone other than the addressee is strictly prohibited.

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, May 23, 2001 5:41 PM
To: Cosma, Marcelo (Toronto-BCE)
Subject: RE: Repo Agreement

no, same dates are fine with me

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Cosma,

                    Marcelo              To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    (Toronto-BCE)        cc:

                    "                    Subject:     RE: Repo Agreement

                    <Marcelo_Cosm

                    a@ml.com>

                    05/23/2001

                    03:49 PM

Sara:

Do you have any issue with the signatures having the same date?

Marcelo A. Cosma
Office of General Counsel--Canada
Tel.:  1-416-369-7478
Fax:  1-416-369-4551
E-mail:  marcelo_cosma@ca.ml.com

This email message is intended for the addressee only.  It may contain
information which is privileged, confidential or exempt from disclosure
under applicable law.  Any dissemination or copying of this email
message by anyone other than the addressee is strictly prohibited.

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, May 23, 2001 4:48 PM
To: Marcelo_Cosma@ml.com
Subject: Re: Repo Agreement

Marcelo:

We are ready to execute.  You did not date your signature.  Do you want us
to use any particular date for your execution?  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Cosma,

                    Marcelo              To:     "'Sara Shackleton'"
<Sara.Shackleton@enron.com>
                    (Toronto-BCE)        cc:

                    "                    Subject:     Repo Agreement

                    <Marcelo_Cosm

                    a@ml.com>

                    05/22/2001

                    07:28 AM

Sara:

Thank you for yoir fax of May 21st.  I apologize for the oversights you
noted.  Your suggestion of making the changes on your end is fine.

Regards,

Marcelo A. Cosma
Office of General Counsel--Canada
Tel.:  1-416-369-7478
Fax:  1-416-369-4551
E-mail:  marcelo_cosma@ca.ml.com

This email message is intended for the addressee only.  It may contain
information which is privileged, confidential or exempt from disclosure
under applicable law.  Any dissemination or copying of this email message
by
anyone other than the addressee is strictly prohibited.


Your so smart:) #522101.01

   Kate Symes                02/22/2001 02:59 PM

To: Kimberly Allen/HOU/ECT@ECT
cc:
Subject: Re: Incorrect Expiry Date

I don't see a deal number.....? Is it a missing deal?

	From:  Kimberly Allen                           02/22/2001 12:58 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Incorrect Expiry Date

Kate, this trade has an expiry date of 2001 when it is suppose to be 2003.
Mike Driskil entered the trade. I have BPA's confirm that also verifies and
the notes in the bottom of the comment section. Please change if correct.

Thanks,

Kimberly


Sara,

I have attached draft Confirmation of a Collar with Rand Whitney. They want
to go live with this deal today and send out an executable Confirmation.
Tanya wants to put a provision in the confirmation that states that the deal
is subject to Credit approval. If we do not get credit approval Tanya will
kill the deal. I have left a message with Tanya asking her exactly what she
wants to say in the Confirmation. Please let me know what you think of the
Collar the way it is writtne and if we have any language to use for the
credit provision. I have a meeting at 3:00 an should be back at my desk by
4:00.

Thanks,

Jarrod

P.S. SITA? you were going to take a look at the governing law.


We are buying the following Tenn transport from the pipeline for the winter.  I just did the deals so I don't have the contract numbers.

Term		Demand	Comm	MDQ
Nov		.18		.02	3893
Nov-Jan		.20		.02	2500
Feb-Mar	.20		.02	2500

The Primary delivery point is CGAS - Broad Run.  The primary receipt point is meter #010698 in 500L.  We will be able to use any zone 1 receipt point but we only be able to use Broad Run as our delivery point.


The one I just sent had some East products.

DG


Here are some more files.
Ben


----- Forwarded by Tana Jones/HOU/ECT on 02/05/2001 09:13 AM -----

	Walter Guidroz@ENRON
	02/02/2001 12:07 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Brian Lindsay/Enron
Communications@Enron Communications
		 cc:
		 Subject: EOL approval list, 2-2-01

Please see attached.


Just a reminder that I will be on vacation next week.  I am thanking everyone
in advance for your help on projects I may have been handling (or should have
been handling!).  Kaye will have phone numbers to reach me, if necessary.
Sara


Sara:

Per our conversation, attached please find a copy of the revised guarantee.

Regards,

Anna Meytina

 <<BS FINAL.doc>>

 - BS FINAL.doc
***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


you're going to be done before I can get off

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 2:04 PM
To:	Rybarski, Amanda
Subject:	RE:

i think now

 -----Original Message-----
From: 	Rybarski, Amanda
Sent:	Tuesday, January 22, 2002 2:05 PM
To:	Maggi, Mike
Subject:	RE:

I don't know...when are you getting your haircut?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Tuesday, January 22, 2002 2:03 PM
To:	Rybarski, Amanda
Subject:

so i have to go get my haircut, any ideas where we can meet


Ann, I've looked over this list and realized I have no relevant information, so I've forwarded it to Sharon and Kriste, who should be able to help you.  Sorry I can't do it myself, but I just don't know anything about the pipes.  Michelle

 -----Original Message-----
From: 	Vaughn, Ann
Sent:	Tuesday, November 27, 2001 1:51 PM
To:	Cash, Michelle
Cc:	Smith, Gary; Hope, Valeria A.
Subject:	Due Diligence Information
Importance:	High

Michelle,

Here's the list of information I need for Northern Natural Gas:

1.  EEOC charges, lawsuits and/or judgments entered or settlement agreements reached in the last 2 years (including discrimination, harassment, workers' comp and ERISA claims, or otherwise), including any compliance agreements, consent decrees, etc. with any governmental agency (i.e..  OFCCP, EEOC, DOL, etc.)

2.  List of any pending government compliance audits, administrative proceedings, employee grievances regarding compliance with wage, overtime, or safety and health issues.

I talked with Valeria and she is pulling the EEOC charge information.  Of course, I need this as soon as possible.  Thanks for your help.

Ann


Shirley,

Please, forward tot he group.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001
07:48 AM ---------------------------

Barbara Ostdiek <ostdiek@rice.edu> on 03/16/2001 03:33:59 PM
To: ostdiek@rice.edu
cc:
Subject: RICE/ENRON FINANCE SEMINAR SERIES

Enron Seminar Series in Finance
Jones Graduate School of Management, Rice University

Paul Schultz
University of Notre Dame

will give a seminar at the Jones School on Friday, March 30,?

?????????????????????????????????????? &Who Makes Markets8

The seminar will begin at 3:30 in Room 115.

The paper will be made available shortly.


CC list suppressed...

The attached document is something of a quick primer on
Flow Gate versus Locational Marginal Pricing (PJM model).

The first portion is a recent article on the two models
and where the two camps are heading.

The last part is a write up by Randy Berry of ESCA
Marketing on the ESCA outlook.

I've not edited Randy's comments so you can see what are
some of our biases are though ESCA addresses BOTH models
in our RTO/ISO systems.  Bear in mind these are simply one
of our staff members comments, but they at least elucidate
some difficult concepts in a reasonable way.

This seemed like something some of you might want as
background, if it's superfluous to your job, please
delete.  dsg

 - Flow Gate vs LMP with R Berry's comments 2 2 2001.doc


Bonnie White can help you.

 -----Original Message-----
From: 	Greenberg, Mark
Sent:	Friday, November 16, 2001 3:25 PM
To:	Sanders, Richard B.
Subject:	Form Settlement Agreement

Richard -

I have a small contract matter involving Enron Credit that requires a settlement agreement.

Basically, EC orally agreed to have a third party develop and host a website that would provide the EC information to site subscribers.  These subscribers might also be subscribers to other products promoted by the third party.  The written agreement backing up the oral agreement was due to be finalized on Friday of last week, but, as you can imagine was not actually signed.

As EC is not pursuing its business at this time, it has asked to terminate the relationship with this third party - a termination that will cost $96K.

I have been asked to do a settlement agreement and was wondering if there is any particular form that Enron uses or that you may have for this type of deal.  It is rather simple in nature, but we do want to make sure that all necessary release language is included.

Thanks.

Mark


Hello-

Seem to be missing a Bloomberg trade:
11/07  Scholtes

Enron Buys Sempra
11/10-11/30
Sp 15
25 mws
78.00 on peak

Thanks
Stephanie


We have arranged for John Griffith to go to Chihuahua with you. I have given
him the El Paso rate information (there are conflicts with your spreadsheet)
and provided the big picture overview.  I advised Agustin that there is still
no capacity available on El Paso, therefore, we may need to purchase gas from
an existing shipper to make this work (Burlington?)

Please let me know if  you have any questions - I am in PRC meetings on
Monday.

Regards,

Stephanie


NYMEX Membership Services
April 9, 2001
Notice # MS-24

NAME CHANGE FOR CLEARING MEMBER FIRM

 Please be advised that the Exchange has been notified that effective April
2, 2001, Geldermann, Inc. (#358) has changed its name to Man International
Inc.

 Furthermore, please be advised that the Exchange has been notified that
effective April 2, 2001, E.D.F. Man International Inc. (#330) has changed its
name to Man Financial Inc.

NOTICE OF INTENTION TO TRANSFER

Please be advised that effective with the close of business, April 9, 2001,
he following member(s) have given notice of intention to transfer their sole
Membership within the Exchange:

Robert Kuciewicz (CHIA-3571)

REINSTATEMENT OF MEMBERSHIP PRIVILEGES

Please be advised that effective with the close of business, April 9, 2001,
the following member(s) have reinstated their membership privileges:

Richard Cruz (CRUZ-3517) as a Lessee Member with a qualified trader guarantee
provided by MBF Clearing Corp.

 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 (212) 299-2379.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(MS-24)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


After reading that did you all of the sudden feel as though your body no
longer contained any organs and instead there was just a giant pit where they
all used to be?  I never in my life imagined the intense impact an email
could have.  They appear so harmless at first glance with no character or
personality to the font or page, but upon closer inspection they have the
ability to send you soaring or plummet you to the darkest depths.

I really don't know what to say about the email.  If I didn't know what
happened afterward I would have said it was very promising, but knowing what
I know I must resort to my new tag line that guys in general are just
confused.  I must say though that his quote was outstanding and if Ben and I
had any semblance of normal communication between the two of us I would send
it to him in a heartbeat.  But we don't so I'll just have to enjoy it solo.

I fear today will be a very boring day so feel free to keep up an email
dialogue throughout the day.


Jeff /Michelle,

Here's the update for January 18th.

Suzanne

 - IGSUpdate.xls


Note that the file has been updated for the 28th of December, as well as
corrected for an error in the physical volume pickup.


CALENDAR ENTRY:	INVITATION

Description:
	meet w/ mike curry re: booking of Morgan  EB3125

Date:		7/10/2000
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


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Hi Jeff--

The federal tax payer i.d. # is 946002123. Hope this helps.
You're welcome!

Best wishes,
Heather

At 03:11 PM 11/9/00 -0600, you wrote:

>Could you please send me the number you gave me before for purposes of
>getting the check to you?  Thanks so much.  Jeff


Please respond to nytdirectTODAY'S HEADLINES
The New York Times on the Web
Tuesday, October 23, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

New From NYTimes.com
Get DealBook -- your daily briefing on the latest and most
comprehensive news about market-moving mergers and
acquisitions, IPOs, private equity transactions, venture
capital deals and Wall Street maneuverings, all delivered
before the market's opening bell. Get analyst
presentations, SEC filings, press releases and more.
http://www.nytimes.com/services/email/email.html#dealbook

QUOTE OF THE DAY
=========================
"Dogs used to be the worst thing we worried about on this
job."
-TONY JACKSON, a postal worker in Washington.

http://www.nytimes.com/2001/10/23/national/23MAIL.html?todaysheadlines

NATIONAL
=========================
2 Postal Workers Die and 2 Are Ill; Inhaled Anthrax
Indicated

Two postal workers in Washington died of what officials said
was probably anthrax, as concerns about bioterrorism
reached a new level.
http://www.nytimes.com/2001/10/23/national/23ANTH.html?todaysheadlines

-----

Prompt Response for Politicians, a Slower One for Postal
Workers

The disparity between responses  one involving prominent
politicians and the other involving working-class people
drew sharp criticism.
http://www.nytimes.com/2001/10/23/national/23RESP.html?todaysheadlines

-----

After a Surge, Limits Return to School Prayer

In the days after the attacks, public schools allowed
prayer. But the vast majority soon returned to their normal
routines.
http://www.nytimes.com/2001/10/23/education/23PRAY.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

/--------------------- ADVERTISEMENT ---------------------\
The most comprehensive Real Estate listings site in town

NYTimes.com/realestate combines The New York Times Classified
ads with listings from nearly every broker in the city- more
searchable New York listings than you'll find anyplace else.
Most listings feature: neighborhood maps, photos, floor plans
and virtual tours.

http://ads.nytimes.com/RealMedia/ads/click_lx.ads/email.nytimes.com/todaysheadlines/text/23413/Position3/th-nytiibhouseb/real.html?_RM_REDIR_=http://www.nytimes.com/pages/realestate/index.html
\---------------------------------------------------------/

INTERNATIONAL
=========================
Rumsfeld Says Attacks Seek to Help Rebels Advance

American warplanes concentrated strikes on front-line
Taliban positions, a move the defense secretary said was
meant to help rebels in northern Afghanistan.
http://www.nytimes.com/2001/10/23/international/asia/23MILI.html?todaysheadlines

-----

U.S. Agrees to Clean Up Anthrax Site in Uzbekistan

The United States has signed an agreement with Uzbekistan to
remove deadly anthrax from a remote island where the Soviet
Union dumped tons of lethal spores.
http://www.nytimes.com/2001/10/23/international/asia/23TREA.html?todaysheadlines

-----

U.S. Presses for New Talks by Israelis and Palestinians

The United States urged Israel to withdraw its forces from
Palestinian-governed territory immediately, deploring the
Israeli Army's killing of civilians over the weekend.
http://www.nytimes.com/2001/10/23/international/middleeast/23DIPL.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Insurer Sues to Limit Its Payout for World Trade Center

The biggest insurer of the World Trade Center, Swiss Re,
sued to limit how much  it will pay to half of what the
buildings' managers are asking.
http://www.nytimes.com/2001/10/23/business/23INSU.html?todaysheadlines

-----

Trade Panel Backs Steel Makers, Enabling Broad Sanctions

A United States trade panel's decision that American steel
makers had suffered serious injury from foreign competition
will allow broad restrictions on steel imports.
http://www.nytimes.com/2001/10/23/business/23STEE.html?todaysheadlines

-----

Other Drugs to Combat Anthrax Are in Ample Supply

Despite concerns over a possible shortage of Cipro,
government officials and drug makers say there is an ample
supply of other drugs that are effective against anthrax.
http://www.nytimes.com/2001/10/23/business/23DRUG.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Programmer Exposes Microsoft Flaws

An anonymous programmer has published software on the
Internet that disables Microsoft's technology intended to
regulate what consumers do with music they purchase online.
http://www.nytimes.com/2001/10/23/technology/23PIRA.html?todaysheadlines

-----

AOL Wins Some China TV Rights

AOL Time Warner said that it had been given approval to
transmit limited programming into a small area of Guangdong
province in southern China.
http://www.nytimes.com/2001/10/23/technology/23AOL.html?todaysheadlines

-----

Samsung Electronics Reports Plunge of 75% in Earnings

Officials at Samsung Electronics maintained an air of
determined optimism even as they announced a huge plunge in
quarterly earnings.
http://www.nytimes.com/2001/10/23/business/worldbusiness/23SAMS.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Relations Among Leaders Take a Cozy Turn

Lawmakers said they could not remember when leaders in
Congress had worked so intimately with each other  and with
the president.
http://www.nytimes.com/2001/10/23/national/23LEAD.html?todaysheadlines

-----

Panel Seeks Tighter Security for Disease Agency

The leaders of a House subcommittee on terrorism said that
the Centers for Disease Control and Prevention in Atlanta
needed more money.
http://www.nytimes.com/2001/10/23/national/23CDC.html?todaysheadlines

-----

Alliance of Convenience

The United States decision to support the Northern Alliance
is part of a calculated strategy to accelerate the collapse
of the Taliban.
http://www.nytimes.com/2001/10/23/international/asia/23STRA.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Yanks Reach Fourth Straight World Series

The Yankees beat Seattle easily on strong pitching from Andy
Pettitte and home runs from Bernie Williams, Paul O'Neill
and Tino Martinez. The first game of the World Series is in
Arizona on Saturday.
http://www.nytimes.com/2001/10/23/sports/baseball/23YANK.html?todaysheadlines

-----

Diamondbacks Have Time to Set  Rotation

The Diamondbacks are in perfect position for the   World
Series because Randy Johnson and Curt Schilling  the team's
one-two punch  will be well rested.
http://www.nytimes.com/2001/10/23/sports/baseball/23ARIZ.html?todaysheadlines

-----

In Less Than Two Minutes, Eagles Drill Giants

The Giants outplayed the Eagles for the first 58 minutes,
but they failed to score a touchdown and saw a nine-game
winning streak over Philadelphia end in the final two
minutes.
http://www.nytimes.com/2001/10/23/sports/football/23GIAN.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Horrors! From Bug Movies to Bioterrorism

Some terrors are too difficult to face directly, and so they
come in the more easily donned cloak of metaphor.
http://www.nytimes.com/2001/10/23/movies/23HORR.html?todaysheadlines

-----

Chairman of Lincoln Center Redevelopment Resigns

The executive, Marshall Rose, said he was stepping down
because he had completed his work on a master plan.
http://www.nytimes.com/2001/10/23/arts/23LINC.html?todaysheadlines

-----

Citing Financial Worries, the Public's 2 Biggest Donors Quit
Its Board

Resignations present the often turbulent Joseph Papp Public
Theater with one of its most pointed crises in years.
http://www.nytimes.com/2001/10/23/arts/23PUBL.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
New York Cleric's Departure From Mosque Leaves Mystery

An influential imam, who called for healing after the
terrorist attack, gave an anti-American, anti-Jewish
interview in Cairo.
http://www.nytimes.com/2001/10/23/nyregion/23IMAM.html?todaysheadlines

-----

Mayor Welcomes New Recruits to Replace Victims in the Attack

Mayor Giuliani welcomed 307 recruits to the Fire Department.
http://www.nytimes.com/2001/10/23/nyregion/23GIUL.html?todaysheadlines

-----

Schundler Is Counting on Tax Issue to Turn Tide

Bret D. Schundler has stepped up efforts to portray James E.
McGreevey as a threat to New Jersey's taxpayers.
http://www.nytimes.com/2001/10/23/nyregion/23JERS.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Dear Ariel and Yasir
By THOMAS L. FRIEDMAN
A message to Ariel Sharon and Yasir Arafat: Knock it off,
right now.
http://www.nytimes.com/2001/10/23/opinion/23FRIE.html?todaysheadlines

-----

The Terror Economy
By RICHARD BERNER
In the long term, terrorism is imposing new costs that are
unlikely to go away.
http://www.nytimes.com/2001/10/23/opinion/23BERN.html?todaysheadlines

-----

The Parks We Deserve
By LYNDEN B. MILLER
Maintaining the quality of life and improving the overall
city environment will strengthen New   York, and parks must
be an important part of the rebuilding process.
http://www.nytimes.com/2001/10/23/opinion/23MILL.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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As a follow-up to my voice mail, attached is a copy of the one page Overview
that I forwarded to Mark Palmer, Mark Koenig, Mark Metts and Mitch Taylor
providing an overview of the Application that we are planning on filing with
the SEC tomorrow.  The attachment is in Power Point.

Because the Application will be filed via Edgar, it will be publicly
available and thus the reason for alerting Mark Palmer and Mark Koenig.

Joe Sutton approved the filing yesterday, and I am waiting to hear back from
Jim Derrick that  Ken Lay and Jeff Skilling have approved making the filing.
As soon as I get a "green light," I will make the filing.

Mark Metts and Mitch Taylor will use the Overview to orally brief Sierra
Pacific.  The important point for Sierra Pacific is that the Application is
being made by Enron for legitimate business purposes unrelated to the PGE
sale, and will not affect the PGE application.  In this regard, we have
expressly indicated in the Application that the PGE application should take
priority and not delay the PGE transaction, and we will visit with SEC Staff
to confirm this treatment.  In any event, the SEC would request us to
identify which application should take priority, and given the fact that the
Application would become moot following a sale of PGE (and at which time we
would withdraw the Application), the SEC should concur.

Please call me if you have any questions.  I also previously prepared a
longer presentation for other members of our management and can provide this
to you if you need further information.

Regards,
Robert


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/01/2000
07:29 AM ---------------------------

"NW on Novell NetWare" <NovellNetWare@bdcimail.com> on 08/31/2000 09:50:48 PM
Please respond to "Novell NetWare Help" <NWReplies@bellevue.com>
To: <vkamins@enron.com>
cc:
Subject: The rumor mill

NETWORK WORLD FUSION FOCUS: DAVE KEARNS on NOVELL NETWARE
Today's Focus: The rumor mill
08/31/00

Dear Wincenty Kaminski,

There's never been a better time than NOW
to pump up your
bandwith!  Here's your chance to learn firsthand how to harness
the power of the Ethernet MAN/WAN revolution. Join Yipes and
The Burton Group at a free,
 day seminar, "Just-In-Time
Bandwidth: The Arriva of Optical IP Networks." Produced by
Network World, the leader in network knowledge, this seminar
will put some muscle in your network.  Register for this free
event at http://nww1.com/go/1658732a.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Today's Focus: The rumor mill
---------------------------------------------------------------
By Dave Kearns

There have been a lot of rumors and speculation recently about
the future of Novell. Some have the company being acquired -
by, among others, IBM, Lucent, Cisco, Sun and AT&T - while
others see the company selling off its best technologies
(eDirectory and file caching) to separate companies.

Neither of these will happen in the near future, the next six
to 12 months. The company is making money, although not a lot
of money, and it does have a significant amount of cash on hand
with little or no outstanding debt. But because the stock price
is currently so low ($9 to $10 per share over the past few
months), sale of the company wouldn't bring in enough to
satisfy the stockholders. And any company offering what Novell
stockholders want would be in trouble with its own
stockholders.

Selling off technologies makes even less sense, since it would
leave Novell with more cash (which it doesn,t need) and fewer
products to sell.

Instead, watch as new marketing and sales programs are launched
in the fall. These will either boost sales back to 1999 levels
or precipitate a wholesale turnover of top management, leading
to more rumors of a sellout. And those rumors might be true.

To contact Dave Kearns:
-----------------------
Dave Kearns is the Word Wrangler for Virtual Quill, a writing
agency serving the computer and networking industries. If
your target customer doesn't know your product, doesn't know
its uses and doesn't know he needs it, he's not going to buy
it. From books to reviews, marketing to manuals, VQ can help
you and your business. Virtual Quill - "words to sell by..."
Find out more at: http://www.vquill.com/, or by e-mail at
mailto:info@vquill.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Got a technical question related to Novell NetWare?
Post it at Experts Exchange on Fusion at
http://nwfusion.experts-exchange.com/. Another network
professional may have the solution to your problem.

NetWare 6 to feature stronger storage capabilities,  Network
World, 08/22/00
http://www.nwfusion.com/news/2000/0822nss.html

Novell financial troubles feed rumor mill,  Network World,
08/21/00
http://www.nwfusion.com/archive/2000/104987_08-21-2000.html

Novell still plagued by poor software sales, IDG News Service,
08/16/00
http://www.nwfusion.com/news/2000/0816novellearn.html

Novell Web site:
http://www.novell.com/

Archive of the Novell NetWare newsletter:
http://www.nwfusion.com/newsletters/netware/index.html

Network World Fusion forums on Novell and NetWare:
http://www.nwfusion.com/cgi-bin/WebX.cgi?13@@.ee6e4d0

Other Novell Networking newsletters in Network World:

Novell bolsters caching security and QoS, Network World,
08/28/00
http://www.nwfusion.com/archive/2000/105451_08-28-2000.html

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Copyright Network World, Inc., 2000


Fruits Of The Spirit
        Max Lucado)

       It's quiet. It's early. My coffee is hot. The sky is still black. The
 world is still asleep. The day is coming.

       In a few moments the day will arrive. It will roar down the track with
 the rising of the sun. The stillness of the dawn will be exchanged for the
 noise of the day. The calm of the solitude will be replaced by the pounding
 pace of the human race. The refuge of the early morning will be invaded by
 decisions to be made and deadlines to be met.

       For the next twelve hours I will be exposed to the day's demands. It
 is now that I must make a choice. Because of Calvary, I'm free to choose.
 And so I choose.

       I choose love... No occasion justifies hatred; no injustice warrants
 bitterness, I choose love. Today I will love God and what God loves.

       I choose joy... I will invite my God to be the God of circumstance. I
 will refuse the temptation to be cynical...the tool of the lazy thinker. I
 will refuse to see people as anything less than human beings, created by
 God. I will refuse to see any problem as anything less than an opportunity
 to see God.

       I choose peace... I will live forgiven. I will forgive so that I may
 live.

       I choose patience... I will overlook the inconveniences of the world.
 Instead of cursing the one who takes my place, I'll invite him to do so.
 Rather than complaining that the wait is too long, I will thank God for a
 moment to pray. Instead of clinching my fist at new assignments, I will face
 them with joy and courage.

       I choose kindness... I will be kind to the poor, for they are alone.
 Kind to the rich, for they are afraid. And kind to the unkind, for such is
 how God has treated me.

       I choose goodness... I will go without a dollar before I take a
 dishonest one. I will be overlooked before I will boast. I will confess
 before I will accuse. I choose goodness.

       I choose faithfulness... Today I will keep my promises. My debtors
 will not regret their trust. My associates will not question my word. My
 wife will not question my love. And my children will never fear that their
 father will not come home.

       I choose gentleness... Nothing is won by force. I choose to be gentle.
 If I raise my voice may it be only in praise. If I clench my fist, may it be
 only in prayer. If I make a demand, may it be only of myself.

       I choose self-control... I am a spiritual being. After this body is
 dead, my spirit will soar. I refuse to let what will rot, rule the eternal.
 I choose self-control. I will be drunk only by joy. I will be impassioned
 only by my faith. I will be influenced only by God. I will be taught only by
 Christ. I choose self-control.

       Love, joy, peace, patience, kindness, goodness, faithfulness,
 gentleness, and self-control. To these I commit my day. If I succeed, I will
 give thanks. If I fail, I will seek His grace. And then when this day is
 done, I will place my head on my pillow and rest. >>


Attached is a clean and blacklined draft of the changes to the ISDA
Schedule.  We have also attached the proposed form of Enron Corp. Guaranty
and the legal opinions of Enron North America and Enron Corp.  The opinions
of Cadwalader with respect to the ISDA and the Guaranty will be sent shortly
under separate cover from Susan Lobel at Cadwalader.  It appears the only
remaining issue on the ISDA is the "Conditions Precedent" provision which
NYPA is still considering.

Please let me know if these changes meet with your approval.


The following OBAs were set up in CBS today with an effective date of 11/01/01 (except as noted).
The new OBAs are dollar valued and the old OBAs were volumetric.
Let me know if you have any questions.

			Old
Party			Contract #	Termination Date	Effective Date 		New OBA
								of new (tariff) OBA

NGPL			23193		4-30-01			5-1-01	*		TBA
Dynegy (Warren)	23263		10-31-01		11-01-01		27725
Dynegy (Warren)	23265		10-31-01		11-01-01		27726
Oasis Pipeline		25105		10-31-01		11-01-01		27727
Red Cedar		24844		10-31-01		11-01-01		27728
Amoco Prod		24828		12-31-01		01-01-02		27729
Lone Star		21631		10-31-01		11-01-01		27730
Panhandle Eastern	21711		10-31-01		11-01-01		27731
Mojave Pipeline		21667		12-01-01		12-02-01*		TBA
CIG			21837		10-31-01		11-01-01		27741
Meridian 		22055		10-31-01		11-01-01		27732
Northwest Pipeline	21694		10-31-01		11-01-01		27733
Williams Field Svcs.	21823		11-02-01		11-03-01*		TBA

*  Will set these up next week

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com


C
Will fax my comments to you within next 30 minutes.  Callw ?s
Thanks
E


Jim--I cannot open the agenda.  When is it?

-----Original Message-----
From: Steffes, James D.
Sent: Tue 11/20/2001 10:01 AM
To: Nicolay, Christi L.
Cc:
Subject: FW: Wholesale Electric Quadrant Meeting

Christi --

We need to talk about coverage -

 -----Original Message-----
From:   Cantrell, Rebecca W.
Sent:   Tuesday, November 20, 2001 9:43 AM
To:     Nicolay, Christi L.; Hetrick, Nancy; Nord, Sue; Steffes, James D.; Shapiro, Richard
Subject:        FW: Wholesale Electric Quadrant Meeting
Importance:     High

In case you hadn't heard.

 -----Original Message-----
From:   Hess, Theresa
Sent:   Tuesday, November 20, 2001 9:31 AM
To:     Hartsoe, Joe; Corman, Shelley; Cantrell, Rebecca W.; Bagot, Nancy; Holmes, Bradley
Subject:        Wholesale Electric Quadrant Meeting
Importance:     High

FYI ---

GISB and the DOE are sponsoring an industry-wide meeting that will be facilitated by:

Electric Power Supply Assoc.
Electricity Consumers Resource Council
National Energy Marketers Assoc.

The announcement and agenda are included in the attachment.  The organizational structure will be discussed as well as the types of standards that should be addressed.  They seem to be moving rather quickly -- possibly in response to NERC's announcement that they plan to expand their role.  ???

Theresa

<<Agenda.pdf>>


Attached is a revised Credit Watch listing for the week of 11/19/01.   The Yuma Companies (Inc.) has been added to this week's "Call Credit" column.
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Jason R. Williams at x5-3923,  Veronica Espinoza at x6-6002 or Darren Vanek at x3-1436.


These have both been changed to Enmax Energy Corp. I'll let the Real Time
traders know.

Thanks,
Kate

Melissa Ann Murphy
03/30/2001 11:59 AM
To: Kate Symes/PDX/ECT@ECT
cc: Rhonda Robinson/HOU/ECT@ECT

Subject: 549171.1 and 550678.1

Hello, can you check these deals and see if the counterparty name is wrong.
They are in as Enmax Corporation and we are wondering if they should be Enmax
Energy Corporation.  The contract did not come over correctly so we wanted to
make sure the counterparty name is correct before we set up a new contract.

Thanks,
Melissa
(713) 853-1886


Start Date: 4/20/01; HourAhead hour: 19;  HourAhead schedule download failed.
Manual intervention required.


Greetings!  Hope there's no confusion about my role in Brazil.  I'm replacing
Yao Apasu in the derivatives area and I thought he was more involved in the
process than he apparently was.  I'll be taking direction from Brent and will
be available as needed.  Thanks.  Sara