Here it is.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/03/2000 11:43
AM ---------------------------

FMackin@aol.com on 03/23/2000 11:50:42 AM
To: Michelle.Cash@enron.com
cc: pbutler@enron.com, kbolton@enron.com
Subject: Deferral of Payouts under LTIP

To:  Michelle Cash

Date:  March 23, 2000

From:  Patrick Mackin

Subject:  Enron Investment Partners Long Term Incentive Plan;
    Deferral of Payouts Under Enron Corp. Deferral Plan

Michelle, Carol Jewett called me this morning about including a provision in
the long term incentive plan ("LTIP") being established for Enron Investment
Partners (old Enron Development Corp.) to permit deferral of payouts under
the Enron Corp. Deferral Plan.

I suggested to Carol that such a provision in the LTIP would not be
appropriate or sufficient; that the tail cannot wag the dog.  If such
deferrals are to be permitted, they would have to be authorized and made
under the provisions of the Enron Corp. Deferral Plan.  Also, there are some
additional issues discussed below.

Any compensatory arrangement that by design or practice defers payment of the
benefit until or beyond termination of an employee,s employment is considered
to be a "pension plan" under ERISA.

ERISA contains complex and challenging administrative, participation and
funding requirements  (which most employers want to avoid) for such non-tax
qualified pension plans.  The way to avoid these requirements is to design
such a compensatory program, such as a deferral plan, so that it is a "top
hat" plan which is exempt, not from ERISA, but from the more onerous
requirements.

For example, only employees who meet the "top hat" definition are permitted
to participate in the Enron Corp. Deferral Plan.  Enron Corp. is not willing
to let all employees who participate in the LTIP make deferrals to the Enron
Corp. Deferral Plan.  Any participant in the LTIP who wants to defer a payout
must first pass the screening test for top hat employees applied by Enron
Corp. Compensation and then make the deferral election on an approved form.
Also, any such employee must become an employee of Enron Corp. and then
reassigned or seconded to work for Enron Investment Partners.  This
employment requirement is to avoid multiple employer problems related to the
Enron Corp. Deferral Plan and its related trust.

Michelle, it may be "better, faster, simpler" to include a deferral feature
in the LTIP.  The same ERISA issues are present, but Enron Investment
Partners is in control.

Regardless, let,s discuss the design for the deferrals at your convenience.

Pat


Frank, where are we on the review you were heading up after our conference call with Dave
	and Measurement?  Looks like more and more customers are questioning our numbers.
	If there is anything we can do to help you out, please let me know.  Thanks. Lynn

 -----Original Message-----
From: 	Floyd, Jodie
Sent:	Wednesday, November 14, 2001 4:16 PM
To:	Anderson, Gary E.; Adams, Frankie
Cc:	Lagerstrom, Karen; Semin, Frank; Blair, Lynn; Zadow, Raetta
Subject:	Clayton Energy

Gary,  I received a call on 11/13 from Bill Lindley (Clayton Energy) agent for City of Hartley, IA.  Bill was inquiring about the actual daily volume allocations at POI 60551, Meter Number 722015-01.  He incurred about $5,503.35 in DDVC penalties for the month of Oct.  2001 due to daily variances at the TBS.  Bill was asking if the actuals were estimated from the 17th - 31st.  In checking with Frankie the end of the month index readings were used to estimate the volume due to the chart being received after close.

Bill (Clayton Energy) has requested that we pull the chart(s) and check the reading to verify that the penalties and the daily volume are correct for the month of Oct..  Bill has provided me with the daily readings from his check meter at this TBS to compare with.  This check will determine if the daily volumes need to be reallocated and a PPA generated.

Give me a call if you have any questions.

						j.  floyd


Randy, I will be out of town, but that is ok.   MARK


The deals you listed are transpurt usage tickets that we use to estimate the
cost of transport and the fuel used in the transport.  This is just an
estimate of what we think Lone Star will bill us under the Tenaska transport
contracts (We will pay Lone Star and Tenaska will reimburse us.)

D

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           03/05/2001 07:55 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Tenaska IV Receivables

The email below is from James Armstrong regarding two transport deals for CPR
Fuels.  The deal numbers are 557869 and 514056.  Can you tell me about
these?  James thinks these are 3rd party sales that he needs to be paid for.

Megan
---------------------- Forwarded by Megan Parker/Corp/Enron on 03/05/2001
07:48 AM ---------------------------
   James Armstrong @ ECT                03/02/2001 11:53 AM

To: Megan Parker/Corp/Enron@ENRON
cc:

Subject: Tenaska IV Receivables

Megan, I have some receivables recorded on Tenaska for December and January
Sales Activity that I have not received yet.  They are as follows:

Month  Customer Volume  Price  Amount
December CPR Fuels 155  8.7387  $1,354.50

January CPR Fuels 13,919  8.3271  $115,904.86

      Totals  $117,259.36

Can you please let me know what the status is on Tenaska IV receiving these
funds.  Let me know if you have any questions.  Thanks.

James


On Tuesday, Tucson filed a complaint against the Power Exchange and Governor
Davis, arguing that the FERC should render null and void the unconditional
transfer of SCE and PG&E's block forward contracts.  It argues that such a
transfer requires prior FERC approval under Section 203 of the Federal Power
Act and should be conditioned by FERC to protect the public interest.  It
also argues that FERC should order the PX to enforce its tariff, by requiring
the PX to immediately collect from PG&E and SCE all monies due for wholesale
sales to date.


Here is an additional paragraph from ENA legal which I will add.

Under the gas contacts of ENA, a diversion of gas as a result of governmental
action would likely be an event of force majeure excusing the performance of
ENA.  As an aside, you should note that the vast majority of ENA's gas
business involves deliveries to its customers at various city gates.  ENA has
very limited exposure to transportation or pipelines owned by local
distribution companies.


No, but thanks for the offer.
Ben


You should now have edit capability in the Financial Trading Agreements
Database.
----- Forwarded by Tana Jones/HOU/ECT on 03/02/2001 02:43 PM -----

	ARSystem <ARSystem@mailman.enron.com>
	03/02/2001 02:31 PM

		 To: "tana.jones@enron.com" <tana.jones@enron.com>
		 cc:
		 Subject: Request Closed: Access Request for wendy.conwell@enron.com

The request has been completed with all resources requested either completed
or rejected. You can view the details of the  request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000020857&Page=
MyReq.


I knew there was a reason we decided to go with "Lookalikes"!

Dave

---------------------- Forwarded by David Forster/Corp/Enron on 12/05/2000
09:30 AM ---------------------------
From: Enron London - EOL Product Control Group@ECT on 12/05/2000 07:58 AM
Sent by: Lara Fields@ECT
To: David Forster/Corp/Enron@Enron
cc: Amita Gosalia/LON/ECT@ECT

Subject: Lookalike Naming

Dave,

After hearing of Mark Taylor's concerns on using 'Lookalike' in the short
descriptions, we canvased the traders who would be affected (Metals and
Liquids) to get their views.

Below are Chris Mahoney's comments.

Regards,
Lara

Chris Mahoney
02/12/2000 23:54
To: Enron London - EOL Product Control Group/LON/ECT@ECT
cc: David Lilley/EU/Enron@Enron, Tim R Jones/EU/Enron@Enron, Neil
Hussey/EU/Enron@Enron, James A Gordon/EU/Enron@Enron, Mark Jones/LON/ECT@ECT,
Niamh Clarke/LON/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT

Subject: Re: Lookalike Naming

They are futures being traded online and if we call them swaps that might
confuse customers because in
the oil market swaps are always considered to be full calender months and
price out on a daily basis.
for example if we have dec swap instead of dec lookalike that will have two
different meanings to the mkt.
the former be a full month swap with daily pricings and the latter being
being a swap that has the same dates
as the futures contract with a one day settlement.   I think we would be
making a mistake changing for these
reasons.


Bruce

I had quite a crazy week.  Give me a call the next time you are in town or if you are still in town.  I would love to get together.

John


Start Date: 4/12/01; HourAhead hour: 18;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041218.txt


I just talked to Frank about my revised draft of the rehearing request.
Susan, you will be pleased to learn that he has successfully talked me out of
starting world war 3 with the FERC.  I've asked Frank (and Steve) to massage
the draft to avoid a frontal challenge to FERC's disclosure policies and then
to work with you to get it finalized. The plan is to carve out a limited
exception to the normal disclosure rules given that the Gallup case is over
and there is  no pressing need for disclosure in advance of the normal
discount report filing.  Thanks.  DF


Everyone,

I have attached the preliminary schedule for tomorrow's test of the integration test scripts. For those individuals, who have been identified to participate in the test and are unable to attend at your scheduled time, please send me the name of your substitute as soon as possible. The current schedule allows plenty of time for each step. If the test is ahead of schedule, we may call you in at an earlier time.

Thank You,

Terry


David,

Yes, I got some cash for you.
Please, give me a call Tuesday.

Vince

"Walkup, David C (HOUSTONAS AS 582)" <dwalkup@pclient.ml.com> on 12/04/2000
08:32:44 AM
To: "'Vincent Kaminski'" <vkamins@enron.com>
cc:
Subject: Options

Good morning, Vince.

Just touching base with you.  Are you ready to deposit some money and start
looking at some equity investments?  EM me or call and we can get together.
David C. Walkup
Sr. Financial Consultant
713-658-1685
800-456-9712
____________________________________________________________

CAUTION: Electronic mail sent through the Internet is not secure and could
be intercepted by a third party.  For your protection, avoid sending
identifying information, such as account, Social Security or card numbers to
us or others.  Further, do not send time-sensitive, action-oriented
messages, such as transaction orders, fund transfer instructions, or check
stop payments, as it is our policy not to accept such items electronicall


Enron is forming a new organization - - the Enron Xcelerator - - to drive the
formation and development of new businesses at Enron.  Enron's unique ability
to start and develop new businesses has driven most of our growth over the
years.  Lou L. Pai, currently Chairman and CEO of Enron Energy Services, will
lead the Xcelerator.  Over his years at Enron, Lou has been key to the
creation and rapid growth of our wholesale gas, wholesale power and energy
service businesses.  The existing business units will continue their
development of core businesses, while the Xcelerator will be responsible for
developing new business opportunities that are natural extensions of Enron's
business model and core skills, but not currently under development elsewhere
in Enron.

Dave Delainey, currently President and CEO of Enron Americas, will become
Chairman and CEO of Enron Energy Services.  Dave brings a wealth of
experience and accomplishment from Enron Wholesale Services' businesses where
he led the growth of our Canadian business and our North American origination
activity and, most recently, had a great year in Enron Americas.

Dave is forming an Office of the Chairman in EES.  Joining Dave in the Office
of the Chairman are Dan Leff, President of EES, Global Energy Services, and
Marty Sunde, President of EES, Global Marketing and Services.  Dan and Marty
have been instrumental in the development and execution of the successful EES
business model.  Also joining the Office of the Chairman of EES is Janet
Dietrich as Chief Operating Officer.  Janet, currently is Managing Director
in Enron Americas, where she has been successful in many of Enron Wholesale's
core businesses, including gas trading, risk management and structural
origination.  Tom White will continue as Vice Chairman of EES and will focus
on the development and expansion of EES' customer relationships.  Lou, Tom,
Dan, Marty and the entire EES organization have developed a great business
model with great growth prospects.  EES has become an essential part of
Enron's market valuation and growth story.  This new leadership structure
will enable EES to continue on its path of sustained growth and increasing
profitability.

John Lavorato will succeed Dave as President and CEO of Enron Americas.  John
has been an essential part of Enron's energy trading success over the years
and is a key part of Enron Wholesale Services' continuing success story.
Joining John is Louise Kitchen, currently President and CEO of Enron
NetWorks.  Louise, who accelerated Enron's outstanding growth with the
deployment of EnronOnline, will take over as Chief Operating Officer of Enron
Americas.

Philippe Bibi, currently Chief Operating Officer of Enron NetWorks will take
over as President and CEO of Enron NetWorks.  Under Philippe's leadership,
Enron has become a technology leader and the leading e-commerce company.
Joining Philippe as Chief Operating Officer is Greg Piper, currently Managing
Director of Enron NetWorks.  Greg currently leads Enron NetWork's origination
activity and was responsible for the creation and deployment of ClickPaper,
Enron's successful online pulp and paper marketplace.

Please join us in congratulating all of these individuals on their
achievements and their new responsibilities.


Dear Steve:

As per your voicemail message, I have asked the HRGIS team to provide the necessary information so we can send an email message, regarding certification, to those employees at the Vice President level and above, and those employees who have not certified compliance to date.

Please see the draft message prepared for your review and comments:

	"As you know, Enron has adopted certain policies, with the approval of the Enron Board of Directors, all of which are set forth in Enron's Code of Ethics.  In order to ensure our continuing compliance, please carefully read the policies and re-submit your statement of personal agreement by ___________________________(date).

Use your SAP id or GIS id (global employees only) and certify your compliance at http://hrglobal.enron.com.  In addition, please be sure to include any exceptions to your certification.

The Code of Ethics is available for your review on the Enron Home Page at http://home.enron.com.

If you need assistance, please contact the Integrated Solution Center Help Desk at 713-345-4727.

Thanks for your continuing compliance."

Please let me know when you are ready to proceed with this email.

Thanks.

Sharon


Vince, you may remember me as the writer who helped on the natural gas chapter for the Risk Management book. As you know, I work for Enron full-time as a writer of many articles and publications.

I will be in Houston next week and I wondered if you had a half hour on Tuesday afternoon or Wednesday to talk about market trends. I'm also available until 11 a.m. on Thursday.

Thanks,
Jeannie


Reminder

---------------------- Forwarded by Chris Germany/HOU/ECT on 02/01/2000 09:14
AM ---------------------------

Heather Choate
01/21/2000 09:55 AM
To: Chris Germany/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT
cc: Scotty Gilbert/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT
Subject: Mtg: Calp Transport Setup

   Please plan to attend a meeting to discuss Calp Transport Setup...

  February 1, 2000
  at 3pm in EB3013

   Call x33278, should a conflict arise.

   Thank you.


Yes, he is required to put any existing sidewalks back in place (obviously,
with new ones, if he tears them out).  He's not required to put sidewalks in
where there were none.

Since he's planted grass instead, I suggest you call the City--there's a new
director of Public Works, but Amy has some contact names down there.  If they
don't push the issue, then call your new Council Member, Ada Edwards, because
she's eager to make herself helpful to Montrose.

Good luck.

Gayle Ramsey

thezistlers wrote:

> Is anyone familiar with the requirement in providing sidewalks along
> a public street?  The fellow that tore up our brand new Welch street
> back in October has torn up the sidewalks on Welch and planted grass
> in their place.  Isn't he required to keep the sidewalks that existed
> before?  There are sidewalks on both sides of Welch all the way from
> Taft to Montrose with the exception of the stretch in front of his
> new townhomes.
>
> Frank & Lorraine Zistler
>
>
> To unsubscribe from this group, send an email to:
> emca-unsubscribe@egroups.com
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Larry,

I had a brief discussion with our lawyers.  They are strongly advising us to keep the changes we earlier incorporated, but to which you have not assented.  As this is a matter of company policy, unfortunately we do not have much room to maneuver.  If it would help you to have a direct conversation with the lawyers to appreciate our company's perspective, I can arrange for a phone call.  Please advise.  Thanks.

Rakesh

LawrenceLRTNMT@aol.com on 05/01/2001 08:06:47 AM
To:	Rakesh.Bharati@enron.com
cc:

Subject:	Mutually agreed upon changes okay

Hi Rakesh,

Thanks for your work on the non-disclosure agreement.

Your integration of our mutually agreed upon modifications looks good,
Rakesh.  Thanks!  I'll await your next version.

Larry


Mark, I was looking for your comments on this memo.  Thanks.   Mark H
----- Forwarded by Mark E Haedicke/HOU/ECT on 08/14/2000 02:40 PM -----

	Robert Pickel <RPICKEL@isda.org>
	08/11/2000 02:16 PM

		 To: Bryan Murtagh <Bryan.Murtagh@ubsw.com>, Chip Goodrich
<chip_goodrich@dbna.com>, Daniel Cunningham <dcunning@cravath.com>, David
Benton <bentond@allenovery.com>, Jane Carlin <jane.carlin@msdw.com>, Daniel
Cunningham <dcunning@cravath.com>, Mark Haedicke <Mark.E.Haedicke@enron.com>,
Marlisa Vinciguerra <mvincigu@lehman.com>, Teruo Tanaka
<teruo.tanaka@ibjbank.co.jp>, "'Bob Mancini'" <robert.mancini@gs.com>,
"'Brian Barrett'" <bbarrett@exchange.ml.com>, "'Charles Ross-Stewart'"
<Charles.Ross-Stewart@wdr.com>, "'Don Thompson'" <thompson_don@jpmorgan.com>,
"'Don Bendernagel'" <donald.bendernagel@citicorp.com>, "'James Lettiere'"
<james.lettiere@americas.bnpparibas.com>, "'Jeremy Walsh'"
<Jeremy.Walsh@sg.standardchartered.com>, "'Joan Ma'" <Joan.Ma@msdw.com>,
"'Karen Becker'" <beckek3@tdsec.co.uk>, "'Margaret Grottenthaler'"
<MGROTTENTHALER@tor.stikeman.com>, "'Marj Gross'" <MARJORIE.GROSS@chase.com>,
"'Uwe Jahn'" <ujahn@mlb.com>
		 cc: Angela Papesch <apapesch@isda-eur.org>, Corrinne Greasley
<CGREASLEY@isda.org>, Nick Collier <ncollier@isda-eur.org>, Richard Grove
<RGROVE@isda.org>
		 Subject: Electronic Delivery of ISDA Documentation

ISDA will soon be in a position to make its documentation available
electronically. I know that many of you have been advocating this for awhile
so I am happy to say that the day will soon be here. In anticipation of
that, I would appreciate your input on how the documentation is made
available and, in particular, the pricing of that access.

For anyone other than an ISDA member, the documents will be made available
in electronic PDF form for purchase on a per document basis. For members,
two additional options will be made available for access to interactive
versions of the documentation: an internet version and an intranet version.

The internet version will consist of the complete library of ISDA
documentation in an interactive version also in PDF format. The documents
will include internal links within documents (section reference to the
section itself, use of a defined term to its definition) as well as links to
User's Guides that have been published for a particular document. We propose
that the pricing of this option will be on a per user annual fee basis.

The intranet option will permit users to take the full library of ISDA
documents and place it on a firm's intranet, thereby providing access to
anyone within the firm who has access to the intranet. ISDA would charge a
fixed annual fee for this service.

I would appreciate your responses to the following questions:

1. Ignoring cost, do you think your institution would be more likely to use
the internet version of the documents or take them onto your intranet?

2. If you are more likely to use the internet version, how many users would
you anticipate worldwide within your institution?

3. For the internet service, would you prefer to pay (a) a high initial fee
for the first user (e.g., $5,000) and a small additional fee for each
incremental user (e.g., $100) or (b) a lower initial fee (e.g., $3,000) and
a larger additional fee for each incremental user (e.g., $500)? Assume for
these purposes that the cost of the intranet service is $10,000 per annum.

4. Would your answer to question 3 change if the cost of the intranet
service were $15,000?

I will not hold you to any of these answers. I just hope to get your input
as we proceed to further consideration at the Board level of how electronic
delivery of documentation will work and how it will be priced.

Thank you for your input.

Bob Pickel


Yes I do.  We have a meeting now though.

-----Original Message-----
From: Concannon, Ruth
Sent: Wednesday, May 22, 2002 12:32 PM
To: Germany, Chris
Subject: FW: Meeting Time Today

Chris, do you have time to sit in on a call later this afternoon?

Ruth

-----Original Message-----
From: Proctor, Shemin V. [mailto:SheminProctor@akllp.com]
Sent: Wednesday, May 22, 2002 11:26 AM
To: Concannon, Ruth; edward.smith@cwt.com
Subject: Meeting Time Today

Ed are you available for a conf call re Dominion this afternoon at 3:45
EST? Ruth has a meeting from 1-2:30 and I am available from 3:30 on.

Shemin V. Proctor
Andrews & Kurth LLP
1701 Pennsylvania Ave., N.W., Suite 300
Washington, D.C. 20006
(202) 662-3052
(202) 662-2739 (fax)
sproctor@akllp.com
 <<Proctor, Shemin V..vcf>>


Sorry for not responding earlier.  I'll give you a call tomorrow--I have no
time for anything these days.  I'm off to tokyo sat for 5 days to meet with
Tom Foley (former house speaker) and others.  Freak show on the business
front.  How about you?  The wife?  does she have any sisters or friends?

hugs,  Jeff

	"Ben Macklowe" <Ben@macklowegallery.com>
	02/26/2001 05:14 PM

		 To: <jeff.shankman@enron.com>
		 cc:
		 Subject: a question

You had wanted to send me the Rousseau hanger and Galle mushroom ceramic to
sell here in the gallery.  Do you want to arrange a shipper to pack and send?

love, ben


Jim:
It was a pleasure speaking with you on Wednesday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office today detailed legislative language.  In those materials we will also
identify existing bills that we believe can easily accommodate our proposed
language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken Lay

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


Helyette,

Sorry  for not getting back to you earlier. I took a few days off before my
family goes back to California.

I have arranged a replacement for you for the Houston and New York RISK
courses. My colleagues, Stinson Gibner and Steve Leppard, gave two
presentations. I shall be speaking in London on Thursday only. Steve Leppard
will make a presentation on Friday in my place.

I look forward to meeting you in London. I want to make sure that we can sit
down for a few minutes and talk about the Paris presentations.

Vince


Further to my email below,  I've just heard from Vasco and we are to receive the information for the rationing period from ASMAE on Oct. 31.

Rgds,
   Michelle
 -----Original Message-----
From: 	Blaine, Michelle
Sent:	Monday, October 29, 2001 8:56 AM
To:	Haedicke, Mark E.
Cc:	Sanders, Richard B.; Williams, Robert C.; Novak, John
Subject:	Brazil Update

CUIABA
Furnas: Nothing particularly new to report since last week, other than it appears we are likely to get the consent documents signed Tuesday or Wednesday. These documents reflect a resolution to the consent issue and the Resolution 49 regulatory issues that changed some of the risks under the PPA.   As reported last week, one of the reasons Furnas/Electrobras have agreed to sign is because the two difficult issues regarding (i) the validity of the Electrobras guaranty following privatization; and (ii) political force majeure allowing a "put" option for Brazilian governmental acts, were deleted from the Furnas consent documents and will be negotiated separately with the Brazilian government over the next two weeks.  These issues must also be resolved for financing.

GT11/12:  Repairs still on schedule to meet requirements under the PPA for the changeover to gas by year end.  Siemens and our engineers will meet with the underwriters in London tomorrow to discuss the root cause of the failures.  Still no written confirmation of coverage, but we currently do not anticipate a problem.

Shell:  Preparing for mediation to be held in Toronto November 5-7.

ANNEX V

After reporting last week that the cost pass through suits had been filed, I learned that Orlando Gonzales made the commercial decision to hold off on those suits because of significant progress he made in negotiations with the Brazilian government for resolution of these issues and Annex V.

Elektro received some of the information from ASMAE for calculating its numbers; however, as of Friday it had not received the information for the rationing period, the relevant period for calculating the set off.  I talked with Vasco this morning and he believed this information was received today and will confirm.  If the information is not forthcoming, we are prepared to file a suit to compel it.

I will stay in touch with Orlando this week to determine if and when we can file these suits without interfering with his negotiations.

Regards,
   Michelle


How did you get back to your desk that fast?


The Approval status has changed on the following report:

Status last changed by: Jeffrey Gossett
Expense Report Name: emclaughlin42401
Report Total: $78.00
Amount Due Employee: $78.00
Amount Approved: $78.00
Amount Paid: $0.00
Approval Status: Accounting Review
Payment Status: Pending

To review this expense report, click on the following link for Concur Expense.
http://xms.enron.com


Security access for the "Estate" will be the same as Production currently is.
Access for "Netco" will have to be set up from scratch.
Can each of you give me a list of the people that should have access to  "Netco".
Access is still preliminarily being set up on a West, East, Central and Texas regional basis.
Included in the list should be Risk, Logistics, Trading and anyone else that you know of that you want to have access to your region..

The plan is to have a large mass set up,  additional updates will be handled under eRequest, under the new application region code "Houston - Netco"
(This name will be changed later)

Any questions or comments, please give me a call.

Russ
x37386


What is the time frame? This agreement looks to need significant revisions.

	"Ken" <kckrisa@apex2000.net>
	01/23/2001 03:52 PM
	Please respond to kckrisa

		 To: "Audrey O'Neil \(E-mail\)" <Audrey.ONeil@enron.com>, "Gerald R. Nemec
\(E-mail\)" <Gerald.Nemec@enron.com>, "Mark Castiglione \(E-mail\)"
<Mark.Castiglione@enron.com>
		 cc:
		 Subject: Gathering System PSA

I received the proposed PSA for the Wildhorse acquisition from Petrie
Parkman today.  I have attached for everyone's review.  We are required to
send back to TBI with proposed changes with our proposal.

Mark, would you please forward to those who need to see it besides Audrey
and Gerald.
Thx

Ken Krisa

 - PSA.DOC


-----Original Message-----
From: 	Hanagriff, Richard
Sent:	Tuesday, January 15, 2002 11:52 AM
To:	Lindberg, Lorraine; Lokay, Michelle; McConnell, Mark; Watson, Kimberly; Blair, Lynn; Dietz, Rick; Mulligan, Amy; Ward, Linda; Hernandez, Bert; McEvoy, Christine; Giambrone, Laura; Lohman, TK; Sheffield, Sandy; Kleb, Steve
Subject:	TW unpaid invoices

Attached are the shipppers who have not paid their December transportation invoices as if 11:30 a.m. 1/15/2002.

Market Service reps - Please call your shippers if they are on this list and determine why they did not pay on the due date.  Please make comments detailing your phone call.   If you need assistance, inform the associated marketer and/or me.

thanks


Your approval of the following product type in Datamanager is needed:

US East Power Fin Swap Unplan B ENA (INTERNAL ONLY)

Please do not approve between the hours of 6 am and 11 am.

US Pwr Swap ENA  ERCOT Peak              Jun01           USD/MWh

A US Power financial Swap Transaction with Enron North America Corp. under
which the Seller pays a Floating Price and the Buyer pays the price submitted
by Counterparty on the Website (the Fixed Price) in respect of the Notional
Quantity per Determination Period. The Notional Quantity per Determination
Period shall be the volume submitted by Counterparty on the Website,
multiplied by the number of applicable hours in such Determination Period.
Each calendar month during the term of the Transaction will be a
Determination Period; provided that, if the term of the Transaction is less
than one calendar month the Determination Period shall be the term of the
Transaction. The Payment Date(s) for Transactions which are less than one
month will be the fifth (5th) Business Day following the last day of the
month that includes the Determination Period. The Payment Date(s) for
Transactions which are one month or longer will be the fifth (5th) Business
Day following the date on which the Floating Price is determinable.
The transaction is for the applicable hours as set forth herein on each
Delivery Day for the Effective Date 01 Jun 2001 to the Termination Date 30
Jun 2001.
The Floating Price during a Determination Period shall be the average of the
daily prices listed in the Index for power delivered during Peak hours on
each Delivery Day during the applicable Determination Period.  The Floating
Price for each Determination Period shall be calculated utilizing the daily
prices published in Megawatt Daily's Market Report under the headings "Trades
for Standard 16-Hour Daily Products;Weighted Average Index; ERCOT-B"  (the
"Index").
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours
(MWh) and the quantity shown shall be in MW's delivered in each applicable
hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning
with the hour ending 0700 (6:00 am) and concluding with the hour ending 2200
(10:00 pm) Central Prevailing Time. "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.

STEPS FOR APPROVAL:

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


I will most likely have a good headstart by the time you get there.

Wilson Kriegel@ENRON
05/03/2000 01:11 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Tonight

i'm going running for sure at memorial park tonight...so i'd say latest
8pm....


number 1

 -----Original Message-----
From: 	Wang, Steve
Sent:	Wednesday, January 30, 2002 2:07 PM
To:	Diamond, Daniel; DL-NETCO Gas Traders; DL-NETCO Power Traders
Cc:	Forster, David; Mandola, Teresa; Mcquade, Jennifer
Subject:	2

 -----Original Message-----
From: 	Diamond, Daniel
Sent:	Wednesday, January 30, 2002 2:58 PM
To:	DL-NETCO Gas Traders; DL-NETCO Power Traders
Cc:	Forster, David; Mandola, Teresa; Mcquade, Jennifer
Subject:	**IMPORTANT** Stack Manager Users
Importance:	High

We are in the process of confirming that all traders are set up correctly and ready to trade when the system goes live.

We need to make sure that your Stack Managers are accessing the correct database. In order to do this, we need to know how you access Stack Manager:

1) Through Terminal Server (the one that opens up a desktop within a desktop and it actually appears that you have two Start buttons).
or
2) By opening the Stack Manager directly from your "native" desktop.

Please reply to this message with either a corresponding "1" or a "2" in the subject field.

If you're not sure which one you have, please contact myself x39673, Teresa Mandola x39807 or Jennifer McQuade x53614 and we'll come by your desk to help you.

Thank you,

Dan Diamond


Final draft

 - SANDIEGO.DOC


That was the main factor.  The cash market also had a difficult time trading
higher than 14.50.  The basis curve was on its way to contango, when it has
lived in backwardation for some time.  This created resistance on the basis
curve.  The PG&E announcement pushed it over the edge.  Market is back up
today on stronger cash and the socal edison announcement.

Mike


Please mark your calendar for a mandatory staff meeting with Kevin Presto tomorrow, Oct. 24th from 4- 5pm in room 30c1.

Thanks

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


some quantification on hedge and rate increase.  (In Tamara's summary point #
2, I think she meant Oct 1 2001).
----- Forwarded by Harry Kingerski/NA/Enron on 03/02/2001 02:19 PM -----

	Scott Stoness@EES
	03/02/2001 09:58 AM

		 To: Harry Kingerski/NA/Enron@Enron
		 cc:
		 Subject: CPUC Filing PG&E / SCE

Harry.  We want later surcharge, lower surcharge, less recovery of utility
shortfall.

I hope this helps in defining our strategy for evidence.
---------------------- Forwarded by Scott Stoness/HOU/EES on 03/02/2001 09:56
AM ---------------------------

Scott Stoness
03/01/2001 07:04 PM
To: Tamara Johnson/HOU/EES@EES
cc:
Subject: Comments????

Summary:
Unwinding our hedge in 2002 and beyond results in a $326m gain.  Assuming
that our position is hedged beyond 2001.
Reseting our PG&E / SCE curves to increase $15/MWh increase in October 1,
2002, in addition to the current $10/MWh surcharge,  results in a $309m loss.
Netting 1,2 setting our curve, with a $15/MWh increase in Oct, in addition to
the current $10/MWh surcharge, results in a $17m gain.

Sensitivity:
Our position is heavily weighted toward today - (MWh short T&D)
A later recovery of current year shortfall is to our advantage.
An increase in surcharge from $10 to $25/MWh in Oct 1, 2001 results in a net
$17m gain.  (Base Case)
An increase in surcharge from $10 to $25/MWh in March 30, 2001 results in a
net $36m loss.
An increase  in surcharge from $10 to $25/MWh in Jan1, 2002 results in a net
$44m gain.
Keeping the surcharge flat at $10/MWh results in a net $170m gain.
A longer recovery period is to our advantage:
Oct 1, 2001 to end of 2011, requires a $23.2/MWh surcharge.  Results in a
$35m gain.
Oct 1, 2001 to end of 2009, requires a $26.9/MWh surcharge. Results in a $2m
loss.
Oct 1, 2001 to end of 2006, requires a $27.9/MWh surcharge.  Results in a
$12m loss.
The surcharge is heavily dependent on how much recovery of current utility
shortfall is allowed.
PG&E's surcharge would be reduced by $7/MWh if they were not allowed to
recover their $6b current shortfall.  Results in a $70m gain.

Our customers, on average are paying $81/MWh, all inclusive today (including
the $10/MWh surcharge).  So 15/81 is a 19% increase.

If I was forced to choose today, I would:
Put the mid at Oct 1, 2001, $25/MWh surcharge.  Taking a $17m gain.
Readjust the rates by rate class.
Put the Bid at Jan 1, 2001, $13/MWh surcharge.
Put the Offer at Mar 30, 2001, at $15/MWh surcharge.
Hedge 37% MWh declining to 10% by 2002.
Hedge 24% mmntu declining to 10% by 2002.
Hedge 5% tons coal from today until the end of 2011..


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Friday: The CRB Index is lower 0.64 points to 194.39. The
US Dollar Index moved down 0.26 points to 116.62.

The Dow Industrials declined 80.61 points, at 9987.53, while
the S&P 500 slipped 10.95 points, last seen at 1145.60. The
Nasdaq Composite slipped 24.78 points to 2022.46.
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The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

Stock indexes closed lower on Friday amidst bearish comments about
the economy by Fed Chairman Alan Greenspan. The NASDAQ posted a key
reversal down on Friday thereby setting the stage for a likely test
of the September-January uptrend line crossing near 2000 possibly on
Monday. Closes below this support level would open the door for
additional weakness and possible test of December's low crossing at
1918.50 later this winter. Momentum indicators are turning bearish
with today's loss increasing the odds that a short- term top has been
posted. The NASDAQ closed down 24.78 points at 2022.46. The March S&P
500 index posted a key reversal down and closed below the Dec./Jan.
uptrend line crossing near 1148.70. Closes below last week's low at
1136.50 would confirm that a double top has been posted. Momentum
indicators are bearish signaling that additional weakness is possible
into the later part of January.

The Dow closed lower on Friday and below the Dec./Jan. uptrend line
crossing near 10,045 thereby confirming that a short-term top has
likely been posted. Closes below last week's low crossing at 9935.70
would open the door for a larger-degree decline into the later part
of January. Momentum indicators have turned bearish signaling that
sideways to lower prices are possible.

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

March T-bonds closed higher on Friday confirming Thursday's breakout
above this winter's trading range. Today's rally was underpinned by
December's unexpected drop in the Producer Price Index number, which
was off 0.7%, the largest decline in 15 year. Additional support came
from indications by Fed Chairman Alan Greenspan that we could see
another interest rate cut in the first quarter of this year.
Stochastics are bullish signaling that sideways to higher prices are
possible near-term. The door is open for a possible test of
December's reaction high crossing at 105-06 in the near future.

The CRB INDEX http://quotes.ino.com/exchanges/?c=indexes

The CRB index closed lower on Friday due to weakness in cattle,
fiber, foods and energies. Losses were limited due to renewed
strength in the grain markets with the CRB index challenging the
broken weekly downtrend line. Closes below this broken resistance
level would signal at the very least a pause in the rally off last
October's low. The daily ADX (a trend-following indicator) is in a
bullish mode signaling that sideways to higher prices are possible if
the CRB can close above Wednesday's high at 195.97.

ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

The energy markets closed lower on Friday as weak demand and concerns
that compliance with OPEC's recently announce production cuts will be
poor continues to weigh on prices. Additional pressure came from
heating oil, which has been under pressure due to weak demand caused
by this winter's mild temps.

February crude oil closed into new lows for the week on Friday as it
extended this week's breakout below December's broken uptrend line.
The door is open for additional weakness into the later part of
January with the Nov.-Dec. uptrend line crossing near 19.27 being the
next likely target. Closes below this support level would open the
door for a possible test of last year's lows later this winter.
Stochastics and the RSI are bearish signaling that additional
weakness is still possible near-term.

February heating oil closed lower on Friday thereby confirming this
week's breakout below last week's bear flag formation. The low-range
close leaves the door open for additional weakness on Monday as a
test of December's low crossing at 50.70 is a likely target later
this month. Stochastics and the RSI remain bearish signaling
additional weakness is possible near-term.

February unleaded gas plunged to new lows for the week on Friday and
is challenging last week's low crossing at 57.20. Closes below this
support level would open the door for a larger-degree decline into
the later part of January with the Nov.-Dec. uptrend line crossing
near 53.90 being a potential target. Stochastics and the RSI are
bearish signaling that additional weakness appears likely.

February Henry Hub natural gas posted an inside day with a slightly
higher close on Friday as it consolidates above weekly support
crossing at 2.17. If this support level gives way, psychological
support crossing at 2.00 is a potential target later this month. The
daily ADX is bearish signaling that additional weakness is possible.
Extended weather forecast both in the U.S. and across Europe remain
bearish as mild temps this winter continue to weigh on prices. The
daily ADX remains in a bearish mode signaling that additional
weakness appears likely into late-January.

CURRENCIES http://quotes.ino.com/exchanges/?c=currencies

The March Dollar closed lower on Friday as it extended this week's
setback off Wednesday's high. The late week setback has turned
stochastics and the RSI bearish again hinting that March might try
and test this year's uptrend line crossing near 116.81 before the
setback off Wednesday's high is complete. Longer-term March needs to
close above 118.85 or below 116.00 are needed to clear up near-term
direction in the market.

The March Swiss Franc posted an inside day with a higher close on
Friday as it rebounded of the 38% retracement level of the
late-December rally. Closes above initial trendline resistance
crossing near .6055 would confirm a bottom and likely resumption of
December's rally.

The March Canadian Dollar closed modestly higher on Friday as it
continues to form a base off this winter's low at .6230. Closes above
the reaction high crossing at .6290 or below .6230 are needed to
clear up near-term direction in the market. Momentum indicators are
oversold but have not confirmed that a bottom is in place.

The March Japanese Yen closed higher or the second day in a row on
Friday and is challenging the fall downtrend line. The daily ADX is
above 60 and turning down for the second time this week thereby
increasing the odds that a short-term top has likely been posted.
Closes above Monday's high at .7696 are needed to confirm a trendline
breakout and bottom. Closes below monthly support crossing at .7558
would open for a test of the next level of long-term support crossing
at .7210 later this winter.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

February gold closed higher on Friday and just above the 62%
retracement level of last fall's decline crossing at 287.60. If this
resistance level is cleared, the 75% retracement level crossing at
291.40 is February's next target. Stochastics and the RSI are bullish
but becoming overbought warning traders that this week's rally may
prove to be a blow off run to complete the correction, which began in
December.

March silver closed slightly lower on Friday falling just short of
October's high crossing at 4.74. The ADX (a trend- following
indicator) is bullish however, it is well above the +DI and above 40
indicating that the rally off last fall's low is reaching maturity.
If October's high at 4.74 is cleared, last September's high at 4.795
is a potential target later this winter.

March copper posted an upside reversal on Friday due to a short
covering rebound ahead of the close. Additional strength on Monday is
needed to signal that March is poised to renew this year's rally.
Closes above 72.40 would set the stage for a test of November's high
crossing at 73.70 later this month. Stochastics remains bullish
signaling that sideways to higher prices are possible into the later
part of January.

GRAINS http://quotes.ino.com/exchanges/?c=grains

March corn gapped up and closed higher on Friday following today's
friendly crop production and supply/demand reports. The USDA's final
corn crop estimate came in at 9.507 billion bushels versus 9.546
billion last month. Ending stocks were estimated at 1.541 billion
bushels versus 1.569 billion in December. December 1st corn stocks
came in at 8.264 billion bushels while the trade was expecting to see
8.326 billion bushels. Ending stocks for last December were 8.518
billion bushels. The combination of lower corn production and lower
ending stocks supported today's rally as it appears that March's
decline off its December high has fully discounted all of the known
bearish news in the market at this time. Session highs fell short of
testing December's downtrend line crossing near 2.14 1/4. Today's
mid-range close leaves the door open for sideways trading on Monday.
Closes above the aforementioned downtrend line would confirm a bottom
and trend change.

March wheat posted a key reversal up and closed above the upper
boundary of the weekly trading range crossing at 3.04. Closes above
fib resistance crossing at 3.09 1/2 would open the door for a likely
test of last July's high crossing at 3.20 later this winter. Today's
rally was triggered by this morning's bullish winter wheat planting
report. The USDA estimated winter wheat seeding at 41.031 million
acres. The trade was expecting 41.877 million acres. This is the
lowest total winter wheat seeding since 1971 and 47,000 acres below
last year's level. Nobody expected a drop in winter wheat seeding
from year-ago levels, which has caught the market off guard. This
will make early season crop concerns just that much more important.
December 1st wheat stocks were pegged at 1.623 billion bushels, which
was on target with trade guesses.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

March soybeans gapped up and closed sharply higher on Friday
following this morning's friendly USDA crop production and
supply/demand reports. The USDA estimated 2001's bean crop at 2.891
billion bushels compared with 2.924 billion in December. Ending
stocks came in at 285 million bushels down from 330 in December.
December 1st stocks were pegged at 2.276 billion bushels compared
with trade guesses of 2.333 billion bushels. Today's reports confirm
what everyone already knows. Demand remains very strong for U.S.
soybeans, which is up 7% from year ago levels. South America's
soybean crop estimates came in at 42.5 million metric tonnes for
Brazil and 28.75 million metric tonnes for Argentina, which was
inline with trade expectations. Today's new high close for the week
confirmed Wednesday's breakout above last fall's downtrend line and
opens the door for a possible test of November's high crossing at
4.57 1/2 later this winter.

March soybean meal gapped above initial fib resistance crossing at
150 and closed sharply higher on the day following this morning's
friendly USDA reports for soybeans and meal. Today's high fell just
short of testing the 38% retracement level of the July/January
decline, which crosses at 155. Today's high-range close leaves the
door open for follow-through buying in early trading on Monday.
Momentum indicators have turned bullish signaling that additional
gains are possible near-term.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

April hogs closed higher on Friday due to talk of steady to higher
cash bids on Monday and a positive product price outlook. Session
highs fell just short of testing key weekly resistance crossing at
61.13. Momentum indicators are overbought while the daily ADX is
bullish signaling that sideways to higher prices are possible
near-term. Closes below this week's gap crossing at 59.52 would
greatly increase the odds that a short-term top has been posted.

April cattle closed lower on Friday amidst a lack of cash trading and
lower midday boxed beef prices. Today's close below Wednesday's low
negated this week's key reversal up and leaves the door open for
sideways to lower prices on Monday with today's mid-range close.
Momentum indicators are very overbought and turning bearish with
today's action thereby increasing the odds that a short-term top is
in or near.

FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

March coffee opened lower and remained under pressure through out the
session due to light profit taking ahead of the weekend. Increased
cash movement and producer hedging as the harvest in Vietnam and
Central America expands also weighed on prices. Losses were somewhat
exaggerated as stop losses were triggered below today's low. However,
March failed to fill Wednesday's gap at 48.75 leaving the door open
for a possible run at November's high of 53.00 next week.

March cocoa closed lower on Friday and below broken resistance
crossing at 1365 thereby confirming Thursday's key reversal down.
Closes below trendline support crossing near 1350 are needed to
confirm a top has likely been posted. Momentum indicators are
overbought warning bullish traders that a top is in or near. I would
not be surprised to see a short covering bounce on Monday.

March sugar closed lower on Friday due to profit taking and closed
below this week's gap crossing at 780 and the Dec.- Jan. uptrend line
thereby increasing the odds that Thursday's time turn marked a
short-term top. Momentum indicators are overbought and are turning
bearish with Friday's loss thereby increasing the odds that a top is
in or near.

March cotton closed lower on Friday following this morning's USDA
report. The report showed last year's cotton crop at 20.084 million
bales compared with December's estimate of 20.06 million bales.
Ending stocks came in at 8.6 million bales compared with 8.4 million
bales in December. World ending stocks rose from 43.51 to 44.08
million bales. March cotton remains range bound and needs to close
above 39.80 or below 34.90 to confirm a breakout of this winter's
trading range. Until then look for back and fill type trading to
continue.

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E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

SMF2   Soybean Meal Jan 2002                       161.5       8.4  +5.49
XEH2   Soybean Meal Mar 2002                       154.4         7  +4.75
XSF2   Soybeans Jan 2002                             445    12 1/4  +2.83
SF2    Soybeans Jan 2002                             445    11 1/4  +2.60
XWN2   Wheat Jul 2002                            301 1/4     6 1/2  +2.20
XCH2   Corn Mar 2002                             212 3/4         4  +1.92
WN2    Wheat Jul 2002                                301     5 1/2  +1.86
DBU2   Butter Sep 2002                           152.000     2.750  +1.83
CH2    Corn Mar 2002                             212 1/2     3 3/4  +1.80
PNJ2   Propane Apr 2002                           0.2900    0.0050  +1.74

LOSERS

CLF3   Light Sweet Crude Oil Jan 2003              20.86     -1.04  -4.89
QLH2   Central Appalachian Coal Mar 2002           27.00     -1.00  -3.57
KCH2   Coffee 'C' Mar 2002                         49.55     -1.80  -3.51
HOH2   Heating Oil Mar 2002                       0.5472   -0.0169  -3.02
HUG2   New York Harbor Unleaded Gasoline Feb 20    0.5731   -0.0156  -2.65
SBH2   Sugar #11 World Mar 2002                     7.76     -0.18  -2.27
XOH2   Oats Mar 2002                             195 3/4    -3 3/4  -1.92
NDM2   NASDAQ 100 Index Jun 2002                 1654.50    -30.00  -1.79
NKU2   Nikkei 225 Stock Avg Sep 2002               10450      -190  -1.79
LBF2   Random Length Lumber Jan 2002              238.50     -3.90  -1.61

FREE NYBOT Commodity and Option Handbook
Plus Bi-Weekly Hightower Report
http://www.ino.com/specials/comek/nybotintro.html
____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

PLSK   PULASKI BANCORP INC                       32.2200    7.6500  +31.10
CVST   COVISTA COMM INC                           7.5000    1.3200  +19.91
LIBB   LIBERTY BANCORP                           15.8000    2.5000  +18.52
MTRX   MATRIX SERVICE                             8.0000    1.1988  +17.76
SNCI   SONIC INNOVATIONS                          5.0300    0.7600  +17.67
ONDI   ONTRACK DATA INTL                          8.2400    1.1700  +16.71
VISG   VISAGE TECHNOLOGY INC                      8.9000    1.2200  +15.89
VERS   VERSICOR INC                              24.1600    3.1004  +14.59
OTEC   ORATEC INTERVENTIONS                       7.9300    0.9600  +14.04
GERN   GERON CORP                                10.1500    1.1500  +12.76

LOSERS

CREE   CREE INC                                  23.6000   -7.3100  -23.85
KM-T   K MART FINANCING I 7.75% PFD                16.22     -4.89  -23.01
JPST   JPS INDUSTRIES INC                         5.1100   -0.8300  -16.24
DAGR   GREEN(DANIEL) CO                           6.0000   -0.9500  -15.83
NEOL   NEOPHARM INC                              20.0500   -3.6800  -15.79
GISX   GLOBAL IMAGING SYS                        18.0000   -3.1800  -15.22
PRTN   PROTON ENERGY SYS                          7.6500   -1.1900  -13.69
HYGS   HYDROGENICS CORP                           7.8300   -1.0400  -11.83
TOO    TOO INC                                     25.55     -3.30  -11.52
HDTV   SPATIALIGHT INC                            7.2300   -0.9100  -11.38
_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

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For your file. Jim

 -----Original Message-----
From: 	"Prince Chuks Okigbo" <okigbo2@messagez.com>@ENRON [mailto:IMCEANOTES-+22Prince+20Chuks+20Okigbo+22+20+3Cokigbo2+40messagez+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, April 30, 2001 5:43 PM
To:	Derrick Jr., James
Subject:	Urgent Assistance

                PRINCE CHUKS OKIGBO
		DIRECTOR: PROJECT IMPLEMANTATION
		NIGERIAN NATIONAL PETROLEUM CORPORATION
		FALOMO OFFICE COMPLEX, IKOYI - LAGOS			FAX: 234-1-7597374
                okigbo2@messagez.com

ATTENTION:

DEAR SIR,

A REQUEST FOR ASSISTANCE/COOPERATION

IT IS WITH GREAT PLEASURE IN WRITING YOU THIS LETTER ON BEHALF OF MY COLLEAGUES AND ME.  YOUR PARTICULARS WERE GIVEN TO ME BY A MEMBER OF THE NIGERIAN EXPORT PROMOTION COUNCIL (NNPC) WHO WAS AT THE FEDERAL GOVERNMENT DELEGATION TO YOUR COUNTRY DURING A TRADE EXHIBITION.  I HAVE DECIDED TO SEEK A CONFIDENTIAL COOPERATION WITH YOU IN THE EXECUTION OF THE DEAL DESCRIBED HERE FOR THE BENEFIT OF ALL PARTIES INVOLVED AND HOPE THAT YOU WILL KEEP IT AS TOP SECRET BECAUSE OF THE NATURE OF THE BUSINESS AND THE PERSONALITIES INVOLVED.

WITHIN THE MINISTRY OF PETROLEUM RESOURCES WHERE I WORK AS A DIRECTOR, PROJECT IMPLEMENTATION AND WITH THE COOPERATION OF FOUR OTHER TOP OFFICIALS, WE HAVE IN OUR POSSESSION AS OVER-DUE PAYMENT BILLS TOTALLING $30.5M USD (THIRTY MILLION, FIVE HUNDRED THOUSAND UNITED STATE DOLLARS) WHICH WE WANT TO TRANSFER ABROAD WITH THE ASSISTANCE AND COOPERATION OF A TRUSTED FOREIGN FIRM OR INDIVIDUAL WHO WILL RECEIVE THE SAID FUND ON OUR BEHALF INTO ANY ACCOUNT PROVIDED TO RECEIVE SUCH FUNDS.  WE ARE HANDICAPPED IN THIS DEAL BECAUSE THE CIVIL SERVICE CODE OF
CONDUCT DOES NOT ALLOW PUBLIC SERVANTS LIKE US TO OPERATE OFFSHORE ACCOUNT, HENCE YOUR IMPORTANCE IN THE WHOLE TRANSACTION.

THE AMOUNT $18.6M USD REPRESENTED SOME PERCENTAGE OF THE TOTAL CONTRACT VALUE EXECUTED ON BEHALF OF MY MINISTRY BY A FOREIGN CONTRACTING FIRM WHICH WE THE OFFICIALS OVER-INVOICED DELIBERATELY. THOUGH THE ACTUAL CONTRACT COST HAVE BEEN PAID TO THE ORIGINAL CONTRACTOR, LEAVING THE BALANCE IN THE TUNE OF THE SAID AMOUNT WHICH WE HAVE GOTTEN APPROVAL TO REMIT BY TELEGRAPHIC TRANSFER (T.T.) TO
FOREIGN BANK ACCOUNT YOU WILL PROVIDE BY FILING IN AN APPLICATION THROUGH MY MINISTRY FOR THE TRANSFER OF RIGHT AND PRIVILEGES OF THE FORMER CONTRACTOR TO YOU.

SINCE THE PRESENT NEW CIVILIAN GOVERNMENT OF MY COUNTRY IS DETERMINED TO PAY EVERY FOREIGN CONTRACTOR ALL DEBTS OWED, SO AS TO MAINTAIN GOOD RELATIONSHIP WITH FOREIGN GOVERNMENT AND NON-GOVERNMENTAL FINANCIAL AGENCIES, WE HAVE DECIDED TO INCLUDE OUR BILL FOR APPROVALS WITH THE COOPERATION OF SOME OFFICIALS FROM THE ALL THE GOVERNMENT MINISTRY WHICH WILL BE INVOLVED IN THE PAYMENT PROCESS.

WE ARE SEEKING YOUR ASSISTANCE IN PROVIDING A VITAL  ACCOUNT INTO WHICH WE CAN REMIT THIS MONEY BY ACTING AS OUR MAIN PARTNER AND TRUSTEE OR ACTING AS THE ORIGINAL CONTRACTOR.  THIS WE CAN DO BY SWAPPING OF ACCOUNT AND CHANGING OF BENEFICIARY AND OTHER FORMS OF DOCUMENTATION UPON APPLICATION FOR CLAIM TO REFLECT THE PAYMENT AND APPROVALS TO BE SECURED ON BEHALF OF YOU.

THIS PROCESSES BEING AN UNDERSTANDING WITH THE PRINCIPAL TRUSTEE OF THE ORIGINAL CONTRACTOR AND WITH THE CONSENT OF THE ORIGINAL CONTRACTOR. I HAVE THE AUTHORITY OF MY PARTNERS INVOLVED TO PROPOSE THAT SHOULD YOU BE
WILLING TO ASSIST US IN THE TRANSACTION, YOUR SHARE OF THE SUM WILL BE 30% OF THE TOTAL SUM, 60% FOR US AND 10% FOR TAXATION AND MISCELLANEOUS EXPENSES.

THE BUSINESS IS 100% SAFE ON YOUR PART, BUT YOU HAVE TO KEEP IT CONFIDENTIAL.  DO NOT INFORM YOUR BANKER YET UNLESS INSTRUCTED BY US.  IN ADDITION, YOUR AREA OF SPECIALIZATION IS NOT A HIDERANCE TO THE SUCCESSFUL EXECUTION OF THIS TRANSACTION.  I HAVE REPOSED MY CONFIDENCE IN YOU AND HOPE THAT YOU WILL NOT DISAPPOINT ME.  PLEASE FAX ME ON 234-1-7597374, OR SEND EMAIL TO okigbo2@messagez.com TO INDICATE YOUR WILLINGNESS IN
ASSISTING US SO THAT I WILL DIRECT YOU ON WHAT NEXT TO DO.

PLEASE FAX OR E-MAIL INCLUDE YOUR DIRECT TELEPHONE AND FAX NUMBERS IF YOU ARE RESPONDING BY FAX.

THANKS FOR YOUR ANTICIPATED ASSISTANCE.YOURS SINCERELY,

PRINCE CHUKS OKIGBO
okigbo@messagez.com

Sign up for your FREE E-MAIL @ Messagez:
http://www.messagez.com


Sara,
It looks like all the issues have been worked out.  Please review the
attached language and let me know if it looks o.k. It is not complete with
trading times, but if you could review it to ensure we have the correct
Trading Entities, that would be great.

William,

We still need trading times from you.  If you could forward that to me when
you get a chance.

Thank you,

Melba


I can't locate the electronic version of Costs that David prepared.  Can you
resend it to me?


Wow!!!
Sounds great!!
It matches my interest exactly,
I really like it..

I'll send you an email after I talk with
my advisor tomorrow.

However I wonder
what will happen to work with DealBench team
if I join the project?

thanks for your quick response.
-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek

Go Bears!

      :"'._..---.._.'";       `.             .'       .'           `.
     :      a   a      :                 __....._
     :     _.-0-._     :---'""'"-....--'"        '.
      :  .'   :   `.  :                          `,`.
       `.: '--'--' :.'                             ; ;
        : `._`-'_.'                                ;.'
        `.   '"'                                   ;
         `.               '                        ;
          `.     `        :           `            ;
           .`.    ;       ;           :           ;
         .'    `-.'      ;            :          ;`.
     __.'      .'      .'              :        ;   `.
   .'      __.'      .'`--..__      _._.'      ;      ;
   `......'        .'         `'""'`.'        ;......-'
         `.......-'                 `........'

On Wed, 2 May 2001 Vince.J.Kaminski@enron.com wrote:

>
> Jinbaek,
>
> This is a project related to automated trading platforms for commodities.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 05/02/2001 05:21:40 PM
>
> To:   Vince.J.Kaminski@enron.com
> cc:
> Subject:  Re: summer work..
>
>
> Dr. Kaminski,
> thanks for your mail.
>
> I am sorry that I'll not be available earlier,
> I will talk with my advisor, but
> probably it will be pretty negative.
> however, I may be able to start it from June1,
> depending on what he tells..
> We will meet tomorrow afternoon,
> so I'll be able to let you know
> whether we can start work earlier then.
>
> And could you tell me briefly
> what are those projects you have in mind?
>
> Thanks!
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
>       :"'._..---.._.'";       `.             .'       .'           `.
>      :      a   a      :                 __....._
>      :     _.-0-._     :---'""'"-....--'"        '.
>       :  .'   :   `.  :                          `,`.
>        `.: '--'--' :.'                             ; ;
>         : `._`-'_.'                                ;.'
>         `.   '"'                                   ;
>          `.               '                        ;
>           `.     `        :           `            ;
>            .`.    ;       ;           :           ;
>          .'    `-.'      ;            :          ;`.
>      __.'      .'      .'              :        ;   `.
>    .'      __.'      .'`--..__      _._.'      ;      ;
>    `......'        .'         `'""'`.'        ;......-'
>          `.......-'                 `........'
>
>
> On Wed, 2 May 2001 Vince.J.Kaminski@enron.com wrote:
>
> >
> > Jinbaek,
> >
> > Thanks for your message.
> >
> > We have a number of additional  fascinating projects that you can work
> > on.  As a matter of fact, it would be great to have you here earlier.
> >
> > Vince
> >
> >
> >
> >
> >
> > "Jinbaek Kim" <jinbaek@ieor.berkeley.edu> on 05/02/2001 05:18:32 AM
> >
> > To:   <Vince.J.Kaminski@enron.com>, "Raghavan, Suresh"
> >       <Suresh.Raghavan@ENRON.com>, "Mesquita, Ross"
> >       <Ross.Mesquita@ENRON.com>
> > cc:   <jinbaek@ieor.berkeley.edu>
> > Subject:  summer work..
> >
> >
> > Long time no see,
> > How have you been...must be busy and living a challenging life?
> > I have been pretty busy too,
> > to finish a project and write a paper, these days.
> >
> > Everything looks going OK for my summer internship.
> > I took necessary steps to work out of campus, and sent
> > signed contract to Molly a week ago..
> >
> > Here is what I am expecting to do in the summer.
> > Please let me know if you have any change in mind.
> > Actually, I wonder a little bit if DealBench changed its business
> model...
> > and maybe you got priority in something different
> > because it has been quite a while since we talked.
> > I'd like to what's going on in DealBench team...
> > Raghavan and Ross,
> > if we talk over phone it will be great!
> >
> > Dr. Kaminski,
> > If you think there is something else interesting to work with during the
> > summer,
> > to both you and I, please let me know.
> > My interest is auction, market design, and simulation.
> > I am taking a financial engineering class, (mostly on option pricing)
> > and working on electricity generator valuation problem based on
> > spark spread option.
> >
> > All of you,
> > Let's keep in touch until we meet in June!!
> >
> > Best Regards,
> > Jinbaek
> >
> >
> > Tentative Work Period: 6/4 - 8/4
> >
> > 1. Tasks:
> > 1) Survey on Auctions: the State of Art
> > Single-item auction, Multi-Unit auction, Sequential auction,
> > Multi-attribute auction, Combinatorial auction
> >
> >      - Theoretical
> >      - Experimental
> >      - Algorithmical
> >
> > 2) Deal Bench's Auction Model Analysis
> >
> > 2. Deliverables:
> > 1) 3 Presentations:
> >      - 1st presentation: around 6/30: on different auction types and
> > researches
> >      - 2nd presentation: around 7/15: the State of Art in auction studies
> >      - 3rd presentation: around 8/1: Deal bench's model analysis
> >
> > 2) Report:
> > Summary of auction study in laymen's term
> > Deal bench's model analysis
> >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


No problem about moving Company 1691 over

 -----Original Message-----
From: 	Richards, Todd
Sent:	Monday, October 29, 2001 9:14 AM
To:	Fischer, Mary
Subject:	RE: Entity Changes - Co. 1691

I see that it is a 4, so that will be no problem.

 -----Original Message-----
From: 	Fischer, Mary
Sent:	Monday, October 29, 2001 9:09 AM
To:	Richards, Todd
Subject:	FW: Entity Changes - Co. 1691

How do you feel about taking on another company?

 -----Original Message-----
From: 	Trujillo, Vicsandra
Sent:	Saturday, October 27, 2001 12:06 PM
To:	Swafford, John; Ng, Mark; Fischer, Mary
Subject:	FW: Entity Changes - Co. 1691

Essie and Leon have proposed xferring Co. 1691 to your world (see below).  Do you concur?  Please let me know Monday morning.

Regards,
Vicsandra

 -----Original Message-----
From: 	Lee, Patricia A.
Sent:	Thursday, October 25, 2001 9:03 AM
To:	Trujillo, Vicsandra
Subject:	FW: Entity Changes

If you have not already made these decisions, Essie's guidance should be helpful.

Patty Lee
Corporate Tax
x35172
EB1774

 -----Original Message-----
From: 	Essie Locklear
Sent:	Monday, September 17, 2001 10:16 PM
To:	Patricia A Lee
Subject:	RE: Entity Changes

Please see my comments in red below.

Essie

 -----Original Message-----
From: 	Lee, Patricia
Sent:	Monday, September 17, 2001 3:43 PM
To:	Locklear, Essie
Subject:	Entity Changes

Essie,

Can you recommend where these companies each fit within the new organization?  If possible, can you also give an indication of the rank - 1 through 5?

Thanks,

Patty

---------------------- Forwarded by Patricia A Lee/HOU/EES on 09/17/2001 03:42 PM ---------------------------
From:	Leon Branom/ENRON@enronXgate on 09/17/2001 02:56 PM
To:	Vicsandra Trujillo/ENRON@enronXgate
cc:	Richard Laird/HOU/EES@EES, Patricia A Lee/HOU/EES@EES
Subject:	Entity Changes

I have a few entities that may need to change groups or be assigned to a group.

18T - EI Indonesia Operations LLC
	This entity is not in TIS, SAP, nor Hyperion.  The 2000 tax return has no income, assets, or liabilities.  There is a corporate data sheet for this company, but this entity seems to have been inactive since it's creation.

86M - Enron Net Works LLC
	Despite the name, this entity appears to be a MTM company.  Per September financials, this company has about $3M of MTM and about $8K of expenses, nothing else.

The next 5 companies were my responsibility while in EBS, and did not get assigned during the reorg.

80Y - Enron Broadband Acquisition, Inc.
	This entity was created in 2000 for the acquistion of WarpSpeed Communications (now Enron WarpSpeed Services, Inc. 83N), and then dissolved upon completion of merger.  Company is around with a small amount of assets and liabilities, but no I/S items.  83N is my responsibility.
	I think this entity should stay with 83N.  So I suggest it be assigned to Leon.  It should be 4 - easy.

1579 - EBS Network Co.
	Division of 17H.  This one should possibly be assigned to Networks & Services group.  Not currently on our list of companies.
	I think this could go to either Holding/Administrative Companies (Same as 17H) or Network & Services (Leon).  4 - easy.

1691 - EPI-EBS Europe
	Set up last month to centralize merchant asset activities.  Broke out the activities of 1179.
	A similar entity (1179) was assigned to Commodity and Trade (Todd Richards and Mary Fischer) so this one should be assigned to them as well.  4 - easy.

1307 - EBIC-Apache, LLC
	Rolls up to Cherokee Finance VOF, a CFC.
	Cherokee Finance VOF is assigned to North America (Glen Walloch and Kevin Walker).  Maybe this one should also go to them as the only tax which may have to be provided would be foreign tax.  4 - easy.

1689 - EPI-EBS Ventures, LLC
	Set up last month to centralize merchant asset activities.  Broke out the activities of 1307.
	Same as 1307.  It should be assigned to North America (Glen Walloch and Kevin Walker).  4 - easy.

Let me know if you have any questions.

Leon Branom
Senior Tax Analyst
Networks and Services
(713) 345-8702  office
leon.branom@enron.com


The report named: Enron Americas Position Report <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=102&report_name=Enron+Americas+Position+Report&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/20/2001>, published as of 11/20/2001 is now available for viewing on the website.

Publisher's Notes:

PRELIM


In light of today's events, The Travel Agency in the Park will remain open 24 hours with a dedicated emergency staff.  If you need travel assistance, please call 713 650-8080 or 800 962-0248.


Your message was forwarded to me regarding Dan Allegretti and NPCC.   Can you please let me know what Dan's role was in the organization and any other information?

Thanks,

Jim Steffes
713-853-7673


Dear highpockets33 and jason.wolfe@enron.com,

Congratulations - this auction successfully ended

Item Title : MEN'S RH GOLF CLUBS (Item# 1131194941)

Final Price : $76.00
Auction Ended At : Apr-11-01 14:30:39 PDT
Total number of bids : 12
Seller User ID : highpockets33
Seller E-mail : soldbydj@aol.com
High-bidder User ID: jason.wolfe@enron.com
High-bidder E-mail: jason.wolfe@enron.com

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Item Description :

MEN'S RH GOLF CLUBS

THIS SET IS MAXPOWER BY DUNLOP AND CONSISTS OF THE FOLLOWING:  1 AND 4 WOODS,
2-3-4-5-6-7-8-9 AND WEDGE.  THE PUTTER IS A PRO TOUCH 100.  THE GRIPS ARE BY
DUNLOP ALSO.  THE SET HAS BEEN USED BUT STILL HAS A LOT OF GOLF LEFT IN THEM
- THEY LOOK REAL GOOD.  THANKS FOR LOOKING.
NO RESERVE!

Buyer to pay shipping/handling and insurance if desired. Please allow time
for personal check to clear or send m.o. for quick shipping. I accept PayPal
payments!Now Available for International Users

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