FYI
---------------------- Forwarded by Audrey Robertson/ET&S/Enron on 11/27/2000
08:33 AM ---------------------------

	From:  Deb Cappiello                           11/21/2000 09:44 AM

To: Julie Armstrong/Corp/Enron@ENRON, Barbara Bischoff/ET&S/Enron@ENRON,
Audrey Robertson/ET&S/Enron@ENRON, Carol Armstrong/ET&S/Enron@ENRON, Sharon
Solon/ET&S/Enron@ENRON, Ann Smith/ET&S/Enron@ENRON, Martha
Benner/ET&S/Enron@ENRON, Ricki Winters/ET&S/Enron@Enron, Judy
Kudym/ET&S/Enron@ENRON, /ET&S/Enron@Enron, Marlene McCoy/ET&S/Enron@ENRON,
Lorna Brennan/ET&S/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, David
Badura/ET&S/Enron@ENRON, Mike Barry/ET&S/Enron@ENRON, Michael
Bodnar/ET&S/Enron@ENRON, Sean Bolks/ET&S/Enron@ENRON, Joni
Bollinger/ET&S/Enron@ENRON, Janet Bowers/ET&S/Enron@ENRON, Theresa
Branney/ET&S/Enron@Enron, Craig Buehler/ET&S/Enron@ENRON, Bob
Burleson/ET&S/Enron@ENRON, Reyna Cabrera/ET&S/Enron@Enron, Allen
Cohrs/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, Lee
Ferrell/ET&S/Enron@Enron, John Fiscus/ET&S/Enron@ENRON, Bill
Fowler/ET&S/Enron@Enron, Steve Gilbert/ET&S/Enron@ENRON, Morgan
Gottsponer/ET&S/Enron@ENRON, Rosemary Gracey/ET&S/Enron@ENRON, Stephen
Herber/ET&S/Enron@ENRON, Connie Hook/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON, Tim Johanson/ET&S/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Stephanie
Korbelik/ET&S/Enron@ENRON, Karen Lagerstrom/ET&S/Enron@ENRON, Laura
Lantefield/ET&S/Enron@ENRON, Bill Mangels/ET&S/Enron@ENRON, Robert
Mason/ET&S/Enron@Enron, Miriam Martinez/ET&S/Enron@ENRON, Penny
McCarran/ET&S/Enron@ENRON, Vernon Mercaldo/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Jan Moore/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Sue Neville/ET&S/Enron@ENRON, Jeff
Nielsen/ET&S/Enron@Enron, Frank Oldenhuis/ET&S/Enron@Enron, Larry
Pavlou/ET&S/Enron@ENRON, Eileen Peebles/ET&S/Enron@ENRON, Loren
Penkava/ET&S/Enron@ENRON, Tony Perry/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Ken Powers/ET&S/Enron@ENRON, Pilar
Ramirez/ET&S/Enron@ENRON, Chris Sebesta/ET&S/Enron@ENRON, Frank
Semin/ET&S/Enron@ENRON, Neal Shaw/ET&S/Enron@ENRON, Michael G
Stage/ET&S/Enron@ENRON, LD Stephens/ET&S/Enron@ENRON, Bob
Stevens/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Larry
Swett/ET&S/Enron@ENRON, Kay Threet/ET&S/Enron@ENRON, India
Torres/ET&S/Enron@Enron, Mike Ullom/ET&S/Enron@ENRON, Lisa
Valley/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Linda
Wehring/ET&S/Enron@ENRON, Steve Weller/ET&S/Enron@ENRON, Chuck
Wilkinson/ET&S/Enron@ENRON, Jo Williams/ET&S/Enron@ENRON, John
Williams/ET&S/Enron@ENRON, Jim Wiltfong/ET&S/Enron@ENRON
cc:

Subject: Revised Phone List Attached

---------------------- Forwarded by Deb Cappiello/ET&S/Enron on 11/21/2000
09:41 AM ---------------------------

	From:  Deb Cappiello                           11/21/2000 09:41 AM

To: Julie Armstrong/Corp/Enron@ENRON, Barbara Bischoff/ET&S/Enron@ENRON,
Audrey Robertson/ET&S/Enron@ENRON, Carol Armstrong/ET&S/Enron@ENRON, Sharon
Solon/ET&S/Enron@ENRON, Ann Smith/ET&S/Enron@ENRON, Martha
Benner/ET&S/Enron@ENRON, Ricki Winters/ET&S/Enron@Enron, Judy
Kudym/ET&S/Enron@ENRON, /ET&S/Enron@Enron, Marlene McCoy/ET&S/Enron@ENRON,
Lorna Brennan/ET&S/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, David
Badura/ET&S/Enron@ENRON, Mike Barry/ET&S/Enron@ENRON, Michael
Bodnar/ET&S/Enron@ENRON, Sean Bolks/ET&S/Enron@ENRON, Joni
Bollinger/ET&S/Enron@ENRON, Janet Bowers/ET&S/Enron@ENRON, Theresa
Branney/ET&S/Enron@Enron, Craig Buehler/ET&S/Enron@ENRON, Bob
Burleson/ET&S/Enron@ENRON, Reyna Cabrera/ET&S/Enron@Enron, Allen
Cohrs/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, Lee
Ferrell/ET&S/Enron@Enron, John Fiscus/ET&S/Enron@ENRON, Bill
Fowler/ET&S/Enron@Enron, Steve Gilbert/ET&S/Enron@ENRON, Morgan
Gottsponer/ET&S/Enron@ENRON, Rosemary Gracey/ET&S/Enron@ENRON, Stephen
Herber/ET&S/Enron@ENRON, Connie Hook/ET&S/Enron@ENRON, Martha
Janousek/ET&S/Enron@ENRON, Tim Johanson/ET&S/Enron@ENRON, Dana
Jones/ET&S/Enron@ENRON, Steve Kirk/ET&S/Enron@ENRON, Stephanie
Korbelik/ET&S/Enron@ENRON, Karen Lagerstrom/ET&S/Enron@ENRON, Laura
Lantefield/ET&S/Enron@ENRON, Bill Mangels/ET&S/Enron@ENRON, Robert
Mason/ET&S/Enron@Enron, Miriam Martinez/ET&S/Enron@ENRON, Penny
McCarran/ET&S/Enron@ENRON, Vernon Mercaldo/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Jan Moore/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Sue Neville/ET&S/Enron@ENRON, Jeff
Nielsen/ET&S/Enron@Enron, Frank Oldenhuis/ET&S/Enron@Enron, Larry
Pavlou/ET&S/Enron@ENRON, Eileen Peebles/ET&S/Enron@ENRON, Loren
Penkava/ET&S/Enron@ENRON, Tony Perry/ET&S/Enron@ENRON, Don
Powell/ET&S/Enron@ENRON, Ken Powers/ET&S/Enron@ENRON, Pilar
Ramirez/ET&S/Enron@ENRON, Chris Sebesta/ET&S/Enron@ENRON, Frank
Semin/ET&S/Enron@ENRON, Neal Shaw/ET&S/Enron@ENRON, Michael G
Stage/ET&S/Enron@ENRON, LD Stephens/ET&S/Enron@ENRON, Bob
Stevens/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Larry
Swett/ET&S/Enron@ENRON, Kay Threet/ET&S/Enron@ENRON, India
Torres/ET&S/Enron@Enron, Mike Ullom/ET&S/Enron@ENRON, Lisa
Valley/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Linda
Wehring/ET&S/Enron@ENRON, Steve Weller/ET&S/Enron@ENRON, Chuck
Wilkinson/ET&S/Enron@ENRON, Jo Williams/ET&S/Enron@ENRON, John
Williams/ET&S/Enron@ENRON, Jim Wiltfong/ET&S/Enron@ENRON
cc:

Subject: Revised Phone List

 Additions:  Jan Moore, India Torres -
 Changes:  Passcode No. for morning/weekend conference no.


-----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, November 12, 2001 11:04 AM
To:	Lavorato, John
Subject:	FW: 2002 Consolidated Plan Schedule

You have it - it goes to two pages but you have it

 -----Original Message-----
From: 	Brown, Sarah
Sent:	Monday, November 12, 2001 11:01 AM
To:	Kitchen, Louise
Cc:	Killen, Faith
Subject:	2002 Consolidated Plan Schedule

Here's the 2002 Consolidated Plan Schedule.

Thanks,
Sarah Brown


have set the following Conference Call dial in number for the following meeting

Thursday March 1, 2001
RE: Project Inga
@ 9:30 AM
Dial in # 1-800-991-9019
Pass Code - 6468567#

If there are any question please feel free to contact me at 713-853-4321.

Thanks
Lisa


Please find attached translation of the article "An interview with the
president of Enron Corp." from Nikkei Business dated May 7.

Best regards,
IRJ PR Services

 - Nikkei Business 10507.doc


I knew that you would still be in London.  Just thought that I would start to
copy you on some things so that you could begin to get a feel for what's
going on.  Yes, I will be in London next week.  Plan to fly over on Sunday
night and will be in the office around noon on Monday.  I will be there
through Thursday, and will plan to fly back to Houston on Friday.  Let's
definitely plan to get together.  I am in the throws of bonus reviews at this
moment (I am cooling my heels waiting for HR to get me info on people that
were left off of my sheet), so a little later today I will focus on my
schedule for next week.  I will send an e:mail later in the day to see when
we can get together.  Looking forward to it.  --Sally

Beth Apollo
01/09/2001 03:22 AM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Re: January 11 - Managing Operational Risk

I guess you know I am here in London this week wrapping up -- wish I could be
there for this meeting.

Are you still coming next week?   It would be good to get together.

Let me know  -- I will try to call this afternoon

Beth

	Enron Capital & Trade Resources Corp.

	From:  Sally Beck                           05/01/2001 23:57

To: Bob M Hall/NA/Enron@Enron, Robert Superty/HOU/ECT, Diane H
Cook/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,
George F Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Patti
Sullivan/HOU/ECT@ECT, Donna Greif/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT,
Michael Eiben/HOU/ECT@ECT, Tricia Spence/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT,
Daren J Farmer/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Greg
Couch/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Kimberly S
Olinger/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
William Kelly/HOU/ECT@ECT, Russ Severson/HOU/ECT@ECT, Leslie
Reeves/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT,
Rebecca Ford/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT,
Kristen J Hanson/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, Thresa A
Allen/HOU/ECT@ECT, Stacey W White/HOU/ECT, Jenny Latham/HOU/ECT@ECT, Monica
Lande/PDX/ECT@ECT, Shona Wilson/NA/Enron@Enron, Eugenio Perez/HOU/ECT@ECT,
David Maxwell/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT,
Jennifer deBoisblanc Denny/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, James Scribner/Corp/Enron@Enron, Steve
Venturatos/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Mary G Gosnell/HOU/ECT@ECT,
Carolyn Gilley/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Joel
Henenberg/NA/Enron@Enron, Vanessa Schulte/Corp/Enron, Connie
Sutton/HOU/ECT@ECT, Richard C McKeel/HOU/ECT@ECT, Martha Stevens/HOU/ECT@ECT,
Sheila Glover/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, D Todd
Hall/HOU/ECT@ECT, Mike Perun/NA/Enron@Enron, Eric Groves/HOU/ECT@ECT, Noor
Kaissi/NA/Enron@Enron, Theresa T Brogan/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Jorge A Garcia/NA/Enron@Enron,
Jefferson D Sorenson/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT, Mark J
Leskowitz/HOU/ECT@ECT, Mark Fondren/HOU/ECT@ECT, Karen Snow/HOU/ECT@ECT,
Michelle Thomason/NA/Enron@Enron, Bradley Samuelson/NA/Enron@Enron, Sony
Wilson/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Michael E
Moscoso/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, Roy Lipsett/HOU/ECT@ECT,
Nancy Hernandez/NA/Enron@ENRON, Christy Lobusch/NA/Enron@Enron, Peggy
Hedstrom/CAL/ECT@ECT
cc: Mike Jordan/LON/ECT@ECT (bcc: Beth Apollo/LON/ECT)

Subject: January 11 - Managing Operational Risk

Please join me on Thursday, January 11 from 1:00 to 4:00 pm for a special
information session for the Operations Management teams supporting Enron
Americas, Enron Global Markets and Enron Industrial Markets.   We will focus
on assessing, managing and mitigating operational risk.  Details on the
location for the meeting will be sent to you early next week.

I look forward to seeing everyone at this meeting on the 11th.  The things
that we will discuss will be important for each and every one of you as you
carry out your roles in 2001.  I hope that you will make every effort to
attend.  Please let me know as soon as possible if you have a conflict that
will keep you from attending the meeting.


My understanding is that we want to take forward our cooperative effort with
PNG insofar as it involves education and information sharing, but that
capital investment is probably not in the cards.  As you probably know,
Christopher Hunt is coming back to Singapore to meet with the commercial
teams next week to outline Enron's commercial strategy in the region, and I
suggest that you and I get together by phone soon thereafter.  Chris tells me
you two have already spoken today.  Feel free to call me sooner if you wish,
but I think Chris can paint a more complete picture than me, and then we can
talk.   mcs

David Merrill@ENRON_DEVELOPMENT
10/02/2000 16:40
To: Mark Schroeder@ECT, Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Draft PGN/Pertamina Singapore Gas Transportation Agreement

FYI.  The PGN Indonesia partnership is letting us give drafting advice on
PGN's Gas
Transportation Agreement to Singapore.  The Indonesia to Singapore
project is on track and PGN would like us to apply to be the strategic
investor required by the Asian Development Bank.   ADB requirements
would favor us because ADB is looking for transmission competency in
the investor, not only price.  The partnership lets us demonstrate the
competency.   See e-mail yesterday on the other three areas PGN
encouraged Enron to invest in with them, including a marketing company.

---------------------- Forwarded by David Merrill/ENRON_DEVELOPMENT on
02/11/2000 12:32 AM ---------------------------

David Merrill
02/10/2000 05:45 AM
To: Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christopher B
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Repit Suliyono/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul Adair@ECT

Subject: Draft PGN/Pertamina Singapore Gas Transportation Agreement

Chris:  This is concrete confirmation of one of the items we discussed this
morning:
that we are advising PGN on the language of their draft Gas Transportation
Agreement
for gas to Singapore - an agreement between Pertamina, PGN, and Santa
Fe/Gulf.
So Enron are advising on this agreement.   Re your question about guaranteed
volume,
it appears there are to be capacity entitlements for the shipper though these
are
blank in this draft.

Robert:  this is for your review and suggestions for PGN.   Please check
whether
I am right that there will be a minimum guaranteed quantity for the
shipper.   PGN
said it would probably be 350mmcf/day, if I understood them correctly.

Let me know if I can help.   They need our comments asap -- before the
workshop.

David
---------------------- Forwarded by David Merrill/ENRON_DEVELOPMENT on
02/10/2000 07:27 PM ---------------------------

Heri Yusup <yusuph@yahoo.com> on 02/10/2000 01:24:20 AM
To: david.merrill@enron.com
cc: repit.suliyono@enron.com

Subject: Draft Gas Transportation Agreement

Dear David,

As per discussed with Pak Widyatmiko at PGN yesterday,
I enclosed the draft of Gas transportation document
for your perusal.
If you have problen in receiving this document please
let me know by email.

Regards,

Heri
__________________________________________________
Do You Yahoo!?
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
 - GTSA.doc


Andy,

 After discussing the performance of True Quote with Mike Guadarrama I am increasingly concerned that they have problems which may take some time to overcome.  Mike believes that the speed issue is a result of the way they have designed their architecture.  If this is the case we will not see improved performance for some time.

I've asked Mike to have a conversation with the True Quote developer to give us a better idea of what he believes the root problems are.  Based upon Mike's assessment we can get a feel of the time it may take to correct the problems.

We continue to spend a great deal of time testing with True Quote and this is consuming a fair amount of time for the testing team.


I would be interested in talking to Liz.  Please set up an interview for me
one afternoon during the next couple of weeks.  Thanks.

D


Question:

Do we have a schedule of assets to be involved in the transaction?  I recall
that Janelle had some stuff that wasn't on the list.

Thanks,

Kay


Will California's Restructuring Tremors Be Felt in Your Region?
,Copyright 2000 EEI.  All rights reserved.

EEI's State Restructuring Service is proud to present an Internet E-Forum to
investigate whether the problems of California could occur in other parts of
the country.

The California "restructuring earthquake" is marked by the doubling of some
electric bills, multi-billion dollar utility under collections, electric
reserve margin problems, and consumer outrage.  While these problems are the
result of numerous factors, some may be replicated in other parts of the
country.  This E-Forum will look at six regions of the county to see if the
same "tremors" will be felt in those regions and if not, why not.  Our
speakers will address the following questions:

Will your region see price spikes next summer?

What reliability challenges might your region experience next year?

Do any changes in state or federal laws or regulations need to be made?

How will retail markets be impacted by other factors such as, market
structure, dependence on a spot market, high gas prices, and environmental
restrictions?

To address these questions we have:

California  - Dr. John Jurewitz, Dir, Regulatory Policy, SoCal Edison
ERCOT  - Mike McCall, VP, Regulatory Affairs, TXU
PJM  - David Pratzon, Consultant, Exelon Power Team
Mid -West  - Corun Gagatsis, Sr Regulatory Strategist, Detroit Edison
New England  - Gary Simon, Sr VP, Enterprise, Development and Analysis, NU
New York  - William L. Jaeger, Chief Eng., Transmission Planning, ConEd

Our guest moderator is Chuck Gray, Exec. Dir., National Association of
Regulatory Utility Commissioners

To provide questions and commentary we have Dr. John H. Landon, Principal,
Dir. Energy Practice Analysis Group/Economics

November 17, 2000 1 p.m. ET
Note:  Please block a 2-hour time slot for the E-Forum.  We expect the
program to take at least one hour.  Q&A at the conclusion of the E-Forum
could take up to an additional hour.

Registration Cut-off and Cancellation Policy: All registrations must be
received by November 15, 2000.  Substitutions may be made at any time,
however, no refunds will be made for cancellations received after November
15, 2000.

Registration Cost:
EEI/NARUC/NCSL Members: $50.00 / Associates $75 / Non-members:  $100.00
------------------------------------------------------------------------------
--------------
FOR MORE INFORMATION AND/OR TO REGISTER, ACCESS THE FOLLOWING URL:
www.eei.org/resources/meetings/forums/
------------------------------------------------------------------------------
--------------
E-Forums are real-time, interactive presentations, created, produced and
distributed by EEI.  The visual presentation is delivered over the Internet,
while the audio portion is delivered through a conference phone call.  You
can participate in an E-Forum using any computer with Internet access and a
telephone.

To fully participate in the E-Forum, you will need:

- Access to the Internet and a web browser.
- A separate voice phone line and a phone to dial into the audio conference
call.  Cell phones can be used.
- Upon confirmation of your registration, you will be given complete
instructions including the URL (with Password/ID) and a the conference phone
number.
- Slides used in the presentation will also be e-mailed to you prior to the
forum and will soon be available over the Internet.

For more information on EEI's E-Forums, contact Mike Oldak, Director, State
Competitive and Regulatory Policy at 202-508-5523 moldak@eei.org or Leigh
Miller, Coordinator at (202) 508-5522 lmiller@eei.org

For more information on EEI's State Restructuring Service, contact Norm
Jenks, Manager, Regulation and Competitive Analysis 202-508-5533
njenks@eei.org

,Copyright 2000 by the Edison Electric Institute
All rights reserved under U.S. and foreign law, treaties and conventions.  No
part of this work may be distributed, redistributed, reproduced or copied in
any form or by any means - graphic, electronic or mechanical, including
photocopying, recording, taping, or information storage and retrieval systems
without written permission of the publisher


RealMoney.com's DAILY BULLETIN

November 21, 2001

http://www.realmoney.com

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

o Companies in Today's Bulletin:

Amgen (AMGN:Nasdaq)
Nokia (NOK:NYSE)
Northfield Laboratories (NFLD:Nasdaq)
____________________________________
Reality Test: Ben, at His Most Panglossian, Can't Make Sense of the
Bulls

If the next decade witnesses an unprecedented surge in profit, the
markets still end up near bubble levels.

http://www.thestreet.com/p/rmoney/bensteinfree/10004265.html
____________________________________
Steven Hendlin: Shrink Rap: Market Misery Loves Company

Are you feeling whupped by this market? Join the crowd -- and stop
beating yourself up!

http://www.thestreet.com/comment/shrinkrap/10004253.html
____________________________________
The Real Deal: Home Front: The Motivational Speaker's Job Gets Heavier

Kevin Elko isn't just giving pep talks -- he's talking to brokers about
their postattack emotions.

http://www.thestreet.com/comment/realdeal/10004246.html
____________________________________
Meet the Street: Not Out of the Woods Yet

Lipper analyst Andrew Clark dissects the recent market rally.

http://www.thestreet.com/funds/meetthestreet/10004273.html
____________________________________
Biotech Sage: Some Biotech Mutual Funds Worth Considering

Nadine Wong is the editor, publisher and co-founder of the monthly
BioTech Sage Report. Wong writes a weekly column that appears on this
page as part of her business relationship with TheStreet.com.

http://www.thestreet.com/funds/biotechsagepf/10004264.html
_____________________________________
Biotech/Pharmaceuticals: Amgen Says Pipeline Primed for Next Year

The big biotech company says sales of new products will push earnings
20% higher next year.

http://www.thestreet.com/stocks/biotech/10004270.html
____________________________________
The Night Watch: Amgen Jumps on Strength of Forecast

Analog Devices falls after guiding Wall Street lower.

http://www.thestreet.com/markets/nightwatch/10004269.html
____________________________________
James J. Cramer: Bet on Big Buybacks by Banking Behemoths

In tough times, stock repurchases can represent banks' best use of
capital.

http://www.thestreet.com/p/rmoney/jamesjcramer/10004267.html
____________________________________
Wireless Wiz: Nokia's Great Leap Forward

The phonemaker unveils a radical design with multimedia messaging, but
the rollout could be too slow.

http://www.thestreet.com/comment/wirelesswiz/10004250.html
____________________________________
James J. Cramer: Drillers' Estimates Will Run Dry

Looking for a new short? Try the oil stocks. JJC sees number cuts
imminent here.

http://www.thestreet.com/p/rmoney/jamesjcramer/10004262.html
____________________________________
Detox: Little Pink Elephants for You and Me

The market thinks the economy is recovering, but really we're all just
drunk on easy money.

http://www.thestreet.com/markets/detox/10004257.html
____________________________________
Adam Feuerstein: FDA Sends Northfield Back for a Redesign

It could be a long and expensive road back to drug regulators for the
company's blood substitute.

http://www.thestreet.com/tech/adamfeuerstein/10004266.html
____________________________________
Futures Shock: Talking About a Revolution

With advantages that single-stock futures offer, you have to wonder why
no one thought of them before.

http://www.thestreet.com/comment/futures/10004238.html
______________________________________________________________________
November 21

James J. Cramer will host TheStreet.com's radio show "RealMoney with
Jim Cramer." The show airs daily from 3-4 p.m. EDT. Got a question for
Jim Cramer? Call 1-800-862-8686.
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TEXAS EXES NETWORKING/THIRSTY THURSDAY!
?
Join your fellow Longhorn friends for festive fun, this Thursday, December
14, 2000, 5:30 p.m. - SLAINTE IRISH PUB, 509 Main Steet (713-237-0000).?
Come for holiday Miller Lite drink specials and a great time.
?
HOLIDAY BOWL GAME WATCHING PARTY!!!!
?

Cant make it to San Diego for the  Holiday Bowl.? Come to the next best thing
-- the Houston Texas Exes  Official Game Watching Party.? Please join us on
Friday, December 29th, at  Ruggle's at Enron  Fieldas The University of
Texas  takes on the Oregon Ducks in the Holiday Bowl, game starting at
7:30pm. Come for  Miller Lite drink specials, appetizer specials, and $3
valet parking.? E-mail JasonBrm@yahoo.comif you have  questions.

?
*** UTBN ***
?
No breakfast in December.? Please join us again in January, on the  17th;
7:15?a.m., in the GREEN ROOM at River Oaks Country Club.? Guest  Speaker -
Jim C. Kollaer, Greater Houston Partnership; Topic: New president, new
economy, new millennium, how does it all impact Houston?
?
VOLUNTEER OPPORTUNITIES
?
Do you want to get more involved????Join a committee, we need  you.

TEXAS INDEPENDENCE DAY CELEBRATION (March 9, 2001) Meeting dates  as follows;
all held?Sentinel Trust,?2001 Kirby Suite 1210 at  6:00p.m.?

????????? Monday, January 8,  2000
??????????Monday,  January 22,  2000
??????????Monday,  February 5,  2000
??????????Monday,  February 19,  2000
??????????Monday,  February 26,  2000
??????????Monday,  March 5, 2000
For more information, email Jill Willard at willardj@tklaw.com

EEYORE,S FUN RUN/WALK (March 31, 2001) Joint event with the UT-Houston
Health Science Center.?? Meeting dates as follows; all held?at  Beck's Prime
(near Memorial Park) at 6:30p.m.?

????????? Monday, January 8,  2000
??????????Monday,  January 22, 2000
?For more information, email Lanette Varnadoe  at??LVarnadoe@texasmonthly.
emmis.com

VIDEO PRODUCTION
Video Production...? Easy way to help...? Do you know any contact  at
a video production company?? Make a Texas Ex personal  reference...? We want
to hire a company to produce a professional quality  vidieo presentation to
be featured at our Texas Independence Day  Celebration!? Submit your company
or other contact name and numbers may be  forwarded to Jill Willard at
willardj@tklaw.com
?
?
Come Home to Texas; ESA, Your Home Away From  Home!!
Are You? Member??? Do You Receive the Alcalde??
If not,  join the Ex-Students' Assn. today.
Return this E-Mail to Ask How??
Suzanne  Tamas; houtexexes@pdq.net


My comments:

It's not clear to me what it means to say that Joe Hockey "joined" in the
launch (end of first paragraph).
They may be planning to update this just before release but the numbers in
the fourth paragraph have increased (I think it's up to $90 bil.) .
The word "values" should probably be "value" in the last line of the fourth
paragraph.

Mark

	Alan Aronowitz
	07/11/2000 09:02 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Asian Weather Derivatives on EOL

Please advise if you have any comments.

Alan
----- Forwarded by Alan Aronowitz/HOU/ECT on 07/11/2000 09:02 AM -----

	John Ambler@ENRON_DEVELOPMENT
	07/10/2000 10:01 PM

		 To: Alan Aronowitz@ECT, Joseph P Hirl/AP/ENRON@ENRON, David Forster@ECT
		 cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Asian Weather Derivatives on EOL

Attached is a first draft of a press release announcing the availability of
Australian and Japan weather derivatives through EnronOnline.  We currently
plan to issue this press release on May 26, in conjunction with a briefing
event in Sydney.  However, there is a slight possibility that the
announcement will be moved up to July 19.  Since there are a number of
subsequent approval steps, your early review and comments would be
appreciated.

Dave, please let me know whether you would like to run this by Louise now or
have me make any recommended changes and send it to her directly, later.

Thank you for your attention to this request.  I will be in the office
(1-713-646-6423) for the remainder of the week if you want to discuss this.

John


Dear GISB Members, Attendees to the Meeting on February 14 and Interested
Parties,

    For the meeting on February 14, attached in .pdf format, please find the
agenda, attendance list by company and by name, and a set of submitted
comments from Williams Gas Pipeline.  The other submitted comments were
forwarded prior to the originally scheduled January 26 meeting date and can
be downloaded from our home page at www.gisb.org.

    Best Regards,  Rae McQuade

 - supplemental doe info.pdf


These are works in progress.


Mark and Steve - I haven't revisited the reallocation since I submitted it,
but will follow up on this to see where it stands.

Mark Schroeder@ECT
07/10/2000 08:07 AM
To: Steven J Kean/HOU/EES@EES
cc: Elizabeth Linnell/HOU/EES@EES
Subject: International Regulatory and Government Affairs Plan versus YTD
actuals

Just received the documents/computer printout dated 6/8/00 for the
above-referenced cost centers.  If I am reading it correctly, they are
showing the following:

International Regulatory Affairs:

Actual, periods 1-5, $473,331.78, versus Plan of $946,665.00, for a net under
Plan of $473,333.22

International Government Affairs:

Actual, periods 1-5, $236,206.59, versus Plan of $553,680.00, for a net under
Plan of $317,473.41.

Steve, I bothered to write this e-mail, as I recall Jim Hughes initially
making some noise (to you) about my initial request for codes so I could bill
my time to APACHI.  While there were some other issues surrounding that, I
seem to recall that he said he had not seen any reduction in his cost
allocation, at the same time that I was seemingly looking to add costs to his
area.  You told me that you assured him that he would see it coming through
in later periods.  In any event, now that we have several months data, if you
wanted to take the opportunity, you could confirm for him the YTD under Plan
total of nearly $800,000, through May, and note further that this reorg. was
not really fully accomplished until around March 1, e.g., David Merrill being
charged to EBS.  Let me know if you need more, hopefully this is helpful with
Jim, and possibly Rebecca.   mcs


I will be on the first panel of the FERC California conference on Thursday.
The format allows a 5 min presentation and then 60 min of Q&A.  I need your
help to make sure I have "Gore-like" command of the details.  Please help
with the following information:
Enron project information (Parquet/McCubbin) -- please give me any
presentations or summaries you have on the generation, or firm purchases, we
have under way (or planned).  I'll talk with you to find out what we are
comfortable disclosing but please err on the side of giving whatever
information you have.
Updated Belden presentation (Hain/Belden) -- I believe the latest information
was as of August; I think some of the information on the cost of peaking
facilities is particularly eye-opening on the price cap issue.
Comparison to PJM (Hartsoe/Novosel) -- Is the information we are seeking from
the ISO and PX similar to information PJM already provides?  If so, it would
be nice to tie our requests back to something the Commission has already
approved.
Cancelled DSM projects (Mahoney) -- Again, I'll only use what we feel
comfortable with, but it would help make our point if we can give examples of
how price caps backfire when it comes to encouraging conservation.
ISO/PX reports (Dasovich).  I have the ISO market surveillance report.  Is
there another ISO report?  If so, please get me a copy and provide a copy of
the PX report too.
CEC/Proposed generation update (Mara/Parquet) -- Need the basic information:
proposed, waiting for permitting; how much/little the legislation did to
expedite siting (ie are we still comfortable saying that it applies to less
than 10%)?
Soft cap(Belden/Hain) -- need a crisp explanation of why the "soft" nature of
the cap is not sufficient.  Also, would we be OK if the Commission revised it
to say that bids can be taken above 150 without special filing or reporting
requirements, but those bids will be accepted at the price bid rather than
applying to all lower bids as well (ie the highest bid at or below 150 clears
the market, bids above 150 accepted at price bid as needed)?
Offers we have made/deals done (Parquet/Dasovich/ Mccubbin) -- Roseville plus
any others, offer made to SDG&E -- I want to make the point that the market
will provide solutions (below the retail price cap) if we get the utility
(and the regulators) out of the merchant function.
Herding the cats(Hartsoe/mccubbin/mara/dasovich):  We are asking FERC to be
courageous, do the right thing and ignore the politics.  To be even halfway
credible, we can't have IEP, EPSA, Dynegy or anyone else "squishing" on the
price cap issue..  We have never been closer to reform in California, we need
these guys on board.
Thanks.


Laura,
Please let them know that I do not plan on attending.

	Thanks

 -----Original Message-----
From: 	Vuittonet, Laura
Sent:	Friday, October 19, 2001 10:39 AM
To:	Schwieger, Jim; Baumbach, David
Subject:	FW: Mtg - Guadelupe Power Partners Assignment and Release
Importance:	High

Please let me know if I should enter ths on your calendar.
Laura

 -----Original Message-----
From: 	Lunz, Lisa
Sent:	Friday, October 19, 2001 10:11 AM
To:	Redmond, Brian; Coffey Jr., Jim; Hodge, Jeffrey T.; Bryan, Gary; Schwieger, Jim; Baumbach, David; 'janet@dtahou.com'
Cc:	Salinas, Michael; Taylor, Grace; Martin, Thomas A.; Vuittonet, Laura
Subject:	Mtg - Guadelupe Power Partners Assignment and Release
Importance:	High

There will be a conference call meeting Tuesday, Oct 23rd @ 10:00 am in EB3567.  Subject is Guadelupe Power.  Please plan to attend.

Jim Coffey is the host.

Toll Free dial in 888-422-7137, host code is 165516.

All participants dial in 888-422-7137  participant code is 415410.

Janet,

Will you please pass on the dial in number and participant code to representatives from Texas Independent Energy and CC Pace. I do not have names or phone numbers.  Thanks!

If there are any questions please contact Jim Coffey at 713-853-5346.

Lisa L. Lunz
Texas Gas Origination
Phone: (713) 853-5634
Cell:    (713) 304-4598


Per my voice mail, here is the latest draft of the purchase order (we are
preparing a redlined version which I will send you shortly).  We have not had
the opportunity to incorporate all the business terms which were discussed
and agreed to yesterday.  Also, we have not yet completed a full internal
review of the document.  However, so that we can hold our conference call
today, I am sending you the draft.  Please give me a call to arrange the
conference call.


Good luck gang, see you on the other side.  Here is my contact info.

Tom May
Margaret Dhont
7614 Oak Fern
Houston, Tx, 77040
Home (713) 849-5269
Tom's Cell (713) 870-4329
Margaret's Cell (713) 927-8449
thomas_n_may@hotmail.com


Just thought I would drop you a note to say I have been thinking about you, and to say that I hope everything turns out okay for you.

Julie


I know you're hoping, like I am, that Team Enron will retain its First Place position in the MS150 fundraising results for 2001.  Come and find out for yourself at the Awards Party:
June 28
5:00 to 8:00 PM
Arial Theatre @ Bayou Place
500 Texas St, Houston, TX 77002
(713) 221-8883
(Team Enron's total for 2001 will be announced by e-mail on June 15, at 2:30 p.m.)
This party is for everybody who participated as a rider or volunteer in the MS150 bike tour, and it is here that you can pick up the prizes you have earned and celebrate the team results.  Thank you for all you have done toward our team's success !!
A new approach:
We are designing a custom form for Team Enron registrations for the 2002 MS150, and will have a table at the party so you can sign up early, directly with us, for those low numbers you like to get.  Come see us there!
All the money you have turned in is being carefully reconciled with MS this week and next, and the amounts will be in order by the 28th.  If you have any money yet to be processed, please contact me, Stephanie Strong, 713-853-1653 or Becky Pham at 713-345-7094 ASAP.  Please contact us rather than MS if you have any questions or comments about your pledges.
Thank you!!!!

Amelia Alder
Enron Transportation Services
P.O. Box 1188
Suite 3AC3120
Houston, TX 77251-1188
Tel: 713-646-6569
Fax: 713-345-5755
amelia.alder@enron.com


Thanks

 -----Original Message-----
From: 	Stark, Cindy
Sent:	Monday, October 08, 2001 11:28 AM
To:	Geaccone, Tracy
Subject:	RE: Lay Agenda

Stan said this is fine!

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Monday, October 08, 2001 9:51 AM
To:	Stark, Cindy
Subject:	Lay Agenda

Cindy,

Please ask Stan if he is okey with the attached agenda for the Lay 2002 Plan Reviews.

 << File: Lay Agenda.xls >>


is it still the 18th of august.  if it is i am in.


Dear Family and Friends,
Ken and I just cut short our Italy trip with friends to return to Houston
for the birth of our 6th grandchild (which is the final one for this round
of four pregnancies).  We were happy to return home and I am a very thankful
and thrilled grandmother (aka Momie, Mamamia, Mamia, Mia).  This was the
first live birth that I have personally witnessed since my last baby, Beau,
and it was VERY exhilarating and VERY emotional, as evidenced by the
attached photos.  I hope you will enjoy seeing my new grandson "Pate David
Herrold" (Pate was Courtney's maiden name) who was born on June 8, 2000 at
7:19 p.m.  Pate was 7 lbs, 10 ozs, 20 inches long with a lot of dark curly
hair.  I think he looks exactly like David at birth, but time will tell.
These photos were taken in the delivery room within the first 15-20 minutes
of his birth prior to being cleaned up and returned to the nursery.  He
looks pretty darn good for just having arrived into this world with such
great force.  So far, he is a VERY calm and good infant just like his Daddy
was.  Enjoy!  Big kiss and lots of love, LPL

-----Original Message-----
From: Beau Herrold [mailto:rherrold@houston.rr.com]
Sent: Saturday, June 10, 2000 5:25 PM
To: Kirby, Mike; Lay, Linda; Vermeil, Christophe
Subject: Baby Pate

Pics of Baby Pate (also a couple of Hannah & Nicholas).

- Beau

note:  the e-mail address Iam sending these from is different from my usual
address.  If you reply, please send to
beau@layfam.com b/c I do not check this address often.

 - 000609_13_cupcake.jpg
 - 000608_03.jpg
 - 000609_07_cupcake.jpg
 - 000609_08_cupcake.jpg
 - 000609_09_cupcake.jpg
 - 000609_12_cupcake.jpg
 - 000608_11A.jpg
 - 000608_08.jpg
 - 000609_06A.jpg
 - 000608_19A.jpg
 - 000608_20A.jpg
 - 000609_06.jpg
 - 000608_17A.jpg


Attached are sample templates for ISDA confirms which you requested.  The
swap (first template) includes sample NG Floating Price language.  Sara


Can you get me info on the options with Dell?  I won't make it by to speak
with them myself today.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/22/2001 09:33 AM
---------------------------

ClickAtHomePilot3@ENRON
01/19/2001 09:56 AM
Sent by: Kevin Whitehurst@ENRON
To: ClickAtHomePilot3@Enron
cc:  (bcc: Sally Beck/HOU/ECT)
Subject: ClickAtHome Pilot 3 - Last Day to speak with Dell

Last Day Dell Onsite for Pilot 3!

Dell Computer:
Dell will be here today from 8am - ?2:30pm to answer questions and take
orders in room EB568 and EB560. ?

Time Warner's Road Runner Broadband Service:
Also here today are representatives from Time Warner's Road Runner Broadband
Service to answer any questions and to check serviceability, also in EB568.
?Ordering for Internet service is expected to begin the end of next week.

Please remember PC ordering concludes on January 25th! ?Thanks again for the
overwhelming response and interest. ?

The ClickAtHome Team!


saturday is better for me.  just let me know.


Alan,

Attached is an Excel spreadsheet with historical pressures at two points.  The column titled south of Kingman will be the closes point off TW's mainline to the Red Lake Storage facility.  You can see that the pressures are above 900 psig at least 90% of the time.  The pressures for Sept 10-14 are bad readings for Kingman which you can tell by looking at the CS1 discharge pressures.  Must have been a bad transmitter.  Let me know if I can be of further assistance on supplying data for you analysis.  If you need help in my absence, please contact Kevin Hyatt who is the Business Development.  Kevin's number is 713-853-5559.

Ron M.


A different kind of personality test...

http://www.cmi-lmi.com/enterppp.html


CALENDAR ENTRY:	REMINDER

Description:
	Jennie & Jake arrive in Houston

Date:		6/5/2001
Time:		2:56 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Jim a BIG external factor that is directed to the item (2) ISO Systems &
Procedures:

At the NERC Electronic Scheduling Task Force meeting today, there was
considerable discussion on how this Task Force (which was formed before the
OASIS ANOPR was posted) would coordinate on an industry-wide basis, a NERC
response to the OASIS Phase II ANOPR.

Here are some important points a FERC Staff member (Marv Rosenberg) made at
the meeting.  These should be kept in mind in developing the Enron proposal
and the process of getting buy-in in each of the Regions/RTOs.

-  FERC prefers a single industry consensus filing.
-  The ANOPR is intended to tie RTO Order 2000 together with new OASIS II
requirements
-  Does not preclude individual RTOs or entities from submitting proposals.
However a diversity of filings will indicate   non-consensus and FERC will
make its own decisions which will likely not be industry friendly.

FERC is asking the industry for communication and Business Practices
standards for issuing in a NOPR.

FERC is looking for:
- more functionality and to be more user-friendly
- electronic scheduling
- electronic reservations
- reduce duplication of information entry for customers
- not intended to dictate the Control Area to Control Area communications
 I asked Marv to clarify this - He explained that although not required, FERC
welcomes propsals to address the control area   source/sink issues as part of
an OASIS II solution (ie Entergy Source/Sink Order)

OASIS II should:
- continue use of Web browsers
-  use templates for file transfers (uploads and downloads)
- all displays do not have to look the same - but encourages a common look
and feel
- within a RTO, business practicese may differ, but between RTOs the
practices must be standardized

We need to keep close to the NERC efforts since FERC has historically tended
to favor NERC proposals because they tout an air of industry consensus.

The clarificaton to the ANOPR given by Marv should make buy-in an important
element of our proposal.
If FERC adopts the NERC filing, we will likely be stuck with the exisiting
contract path seams problems and LMP fragmentation in the East because NERC
is not proposing any tariff changes.  Also we will not get the control area
source/sink issue resolved since it will be impossible to resolve at NERC in
7 months.

Of course, another option would be to incorporate our efforts with this Task
Force.

James D Steffes@EES
08/02/2000 05:52 PM
To: Jeff Brown/HOU/EES@EES, Janine Migden/DUB/EES@EES, Charles
Yeung/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Ron McNamara/HOU/EES@EES,
Steve Montovano/DUB/EES@EES, Dan Staines/HOU/ECT@ECT, Robin
Kittel/HOU/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Kerry Stroup/DUB/EES@EES,
Christi L Nicolay/HOU/ECT@ECT, Steve Walton/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Howard Fromer/HOU/EES@EES, Daniel
Allegretti/HOU/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES
Subject: Transmission / Wholesale Market Regional Plans

1. I appreciate everyone who participated in the call today.  I think that
the discussion proved that we can find consensus on a reasonable approach for
transmission pricing and energy markets.

2. To make more clear about the Regional Plans, I think that we need to
consider the following.

A. BACKGROUND

Timelines of Current Process
Current Players & Current Positions
Allies
Key Issues now facing the process

B. MOVING FORWARD

Top Issues upcoming
External Factors (e.g., will Entergy join SPP)
Resource Needs
Relationship to Commercial Objectives / Business Plans

C. OTHER ISSUES / CONCLUSION

I hope this helps set an outline for the Regional Plans.  The key idea is
that I want to make sure everyone has a calendar of where we are going and
what issues need to be addressed.  Don't be shy about adding other topics and
issues.  We need to have this to communicate within our group and to the
commercial people.  I don't expect this to be easy, but I think that it will
be helpful.

3. I think that we need to put more detail around the entire structure.  This
would entail developing four things (1) a tariff, (2) ISO Systems &
Procedures, (3) Day Ahead PX Energy Market, (4) Transmission Flowgate PX
Market.  These are the four building blocks to a New Marketplace.

My hope is for Enron to put these things out in a detailed framework using
"off the shelf" material.  I know that Tom Delaney has already started
working on a tariff.  I think we could adapt the Cal PX model into point 3.
We could probably use the APX Flowgate System for point 4.  On the ISO, maybe
we could go to ESCA and have a Detailed Scope / Work Plan and fees on setting
up an ISO (including costs of operation over time).  It would make sense to
me to do this very formally (including setting energy market zones and
defining the commercially significant Flowgates).  I would use the MISO as
the market to focus on, but am willing to listen to other thoughts.

Please let me know what everyone thinks.

Jim


Is there an agenda for this meeting?

Tom.

 -----Original Message-----
From: 	Hoatson, Tom
Sent:	Wednesday, October 31, 2001 9:28 AM
To:	Ader, Jeff; Aucoin, Berney C. ; Bernstein, Mark; Black, Don; Broderick, Paul J.; Brown, Michael; Burnett, Lisa; Campbell, Larry F.; Davis, Mark Dana; Dutta, Tom; Gilbert, Gerald; Gupta, Gautam; Hammond, Pearce; Herndon, Rogers; Lindberg, Susan; May, Tom; Miller, Jeffrey; Misra, Narsimha; Nicolay, Christi L.; Novosel, Sarah; Presto, Kevin M.; Quenet, Joe; Stalford, Robert; Stepenovitch, Joe; Thomas, Paul D.
Subject:	FW: pjm-emc EMC MEETING NOTICE

See the notice below regarding the next PJM Energy Market Committee (EMC) meeting on Nov 8. I will be on jury duty that day and will be unable to cover the meeting.  The  EMC is the most active (and activist) committee in PJM where most issues and changes to market rules and the tariff are proposed and debated (an agenda has yet to be issued).  I would suggest that we provide coverage of this meeting either in person or conference call.  If you are interested in attending or participating via conference call let me know.

 -----Original Message-----
From: 	owner-pjm-emc@pjm.com@ENRON <mailto:owner-pjm-emc@pjm.com@ENRON>   On Behalf Of filipov@pjm.com <mailto:filipov@pjm.com>
Sent:	Monday, October 29, 2001 2:40 PM
To:	pjm-emc@pjm.com <mailto:pjm-emc@pjm.com>
Subject:	pjm-emc EMC MEETING NOTICE

The following message has been posted to the PJM Energy Market Committee
Mailing List (pjm-emc):

Dear Members,

The next meeting of the EMC Committee will be held on November 8, 2001 at the
Wyndham Garden Hotel, 700 King St., Wilmington, DE, beginning at 10:00 a.m.

To register for this meeting, you can reply to this e-mail or fill out the
attached form and fax or e-mail it to me by no later than November 1, 2001.

Conference call capability is available by contacting me at the number below.

Thank you,
Ginny Filipovic, Executive Secretary
PJM Interconnection, L.L.C.
Market Services Division
phone - 610-666-4755
fax - 610-666-4762
filipov@pjm.com <mailto:filipov@pjm.com>

 <<EMC MEETING NOTICE_v1.DOC>>

 - EMC MEETING NOTICE_v1.DOC << File: EMC MEETING NOTICE_v1.DOC >>

Opinions expressed in this e-mail are those of the originating sender, not
those of the PJM Interconnection, L.L.C.

To unsubscribe from this list, send an e-mail to majordomo@majordomo.pjm.com <mailto:majordomo@majordomo.pjm.com>
containing only the following line in the body of the e-mail:

     unsubscribe pjm-emc


message originally sent by a marginally capable attorney to
"kay.mann@eron.com" only to be sent back....please see attached
message.

 - ENCLOSURE


Tyson has had conversations with the Governor's office.
The Governor's office wants more information about what the meeting would
"look like"/attendees, and has said that the idea sounds like one worth
pursuing (but as we know, talk is very cheap with this Governor).
In response, Tyson and her very able helper are taking the 1.5-pager that I
sent around and modifying it to describe the meeting
optics/logistics/attendee attributes, etc.
They will forward it to me as soon as they've got it drafted.
Tyson hopes the document will seal the deal on the Governor's participation.
In the meantime, Tyson is trading calls with Doer and trying to line up other
business face cards to assist in getting the business community to the
table.  Any help/suggestions we can offer gathering up business folks would
be useful, but seems that Tyson's going to have to carry that water.
Tyson said based on her conversations with Summers, he's squarely on board.


I am not sure what process is in place, but at first glance, I am not sure what this letter says, except to perhaps acknowledge that they have some reason to be concerned.

Notwithstanding the tone of the commercial discussions and negotiations to date, I am concerned that the MAC letter had an obvious purpose, which should not to be discounted.  Moreover, we cannot lose this financing, and they need to be aware that they wear the risk of improperly or capriciously declaring a MAC.

Firstly, I think we need to send a written response that, although balanced is more direct (i.e. more than a comfort letter), that makes it clear that there is no reasonable basis for a MAC, thereby putting OPIC to (polite) notice that there is risk to them in not funding.  The points need to be that the recent disclosures involving Enron are not in any event material, particularly in this case, given that they are lending against the value of the project, relative to the amount of their takeout financing and with our subdebt/equity obligation, and therefore that nothing has changed form the commitment they originally made.

Secondly, we need to eliminate this risk being deferred into the Financing Agreement by focusing carefully on, and appropriately qualifying, the reps, wars, covenants and MAC conditions embodied in the Financing Agreement, to ensure that we do not merely defer this risk to the funding date.

Finally, given that they have sent the letter and the circumstances, I think we need to be careful not to make admissions that could come back to allow them to legitimize not funding.  As such, should not our response and our meetings be clearly expressed as being on a without prejudice basis?

Peter.

 -----Original Message-----
From: 	Dutt, Ranabir
Sent:	Monday, November 19, 2001 8:27 AM
To:	Anderson, Peter N.
Cc:	Hardy Jr, John; Keohane, Peter; Gonzalez, Orlando; Wiggs, Brett; Deffner, Joseph; Engeldorf, Roseann; Chin, Julia H.
Subject:	Letter to OPIC

Peter:

Attached is the letter that John proposed with my mark-up.  Let me know if you have any comments.  I am hoping to send it out this morning prior to our meeting tomorrow.

Ranabir

 << File: Letter to OPIC, Nov 19.doc >>


Kristin,

Per Greg Whalley, we need to install the Executive Report Viewer on Dave
Delainey's computer.  He should have access to everything that Whalley has.
Approval, for now, will remain with Whalley.  Greg would like this taken care
of ASAP.

Many Thanks,

Liz


Kay and Carlos,

Is Illinois Carlos' state?  I will be working on this.

Kathleen

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 05/14/2001
01:34 PM ---------------------------

Rusty Stevens
05/14/2001 01:29 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc: Fred Mitro/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT

Subject: Greene Option - Pontiac Site

Kathleen,

I have spoken with Mr. Greene's attorney - Ed Legner - and let him know that
his minor suggested changes for the one year extension of the Pontiac site
option were acceptable.  I indicated that we would send out originals for
review and execution this week.

The procedure we agreed to was as follows:

We will send originals to Ed Legner in Pontiac for his review and initials.
He will forward to Dick Greene in Florida for execution.
Dick will sign and send to us
We execute and return their original along with the the two checks in the
amount of $5000 each - one for exercise of the six month extension, and the
other for making our requested changes for turbopark compliance and for
granting an additional 12 month extension option at the end of this year.

I would like to get this inked as soon as possible in order to ensure the
viability of the Pontiac site for a 2003 COD.


----- Forwarded by Gerald Nemec/HOU/ECT on 03/14/2001 03:34 PM -----

	"Amy L. Baird" <abaird@lemle.com>
	03/14/2001 03:25 PM

		 To: "Alvin Suggs (E-mail)" <suggsa@epenergy.com>, "Marcy F. Collins
(E-mail)" <collins.marcy@epenergy.com>, "Jim Ruoff (E-mail)"
<ruoffj@epenergy.com>, "Jim S. Holotik (E-mail)" <holotikj@epenergy.com>,
"Regina Gregory (E-mail)" <rgregory@enogex.com>, "Bob Baker (E-mail)"
<bakerb@epenergy.com>, "Kim Lesniak (E-mail)" <lesniakk@epenergy.com>, "Scott
Miller (E-mail)" <millers2@epenergy.com>, "Carol Melcher (E-mail)"
<melcher.carol@epenergy.com>, "Brad Signet (E-mail)" <brsignet@AEP.com>, "F.
Mitchell \"Mitch\" Dutton (E-mail)" <fmdutton@aep.com>, "Bud Elkins (E-mail)"
<ckelkins@aep.com>, "Doug Penrod (E-mail)" <dkpenrod@aep.com>, "Roger Smith
(E-mail)" <rsmith@energytransfer.com>, "Jim Sale (E-mail)"
<jpsale@southernco.com>, "Rebecca G. Williams (E-mail)"
<rwilliam@southernco.com>, "Jim Lindsay (E-mail)" <lindsajh@er.oge.com>, "Lee
Ferriss (E-mail)" <lee.ferriss@kaiseral.com>, "Mark Kleinginna (E-mail)"
<mkleinginna@ormet.com>, "Lilly Teng (E-mail)" <tengl@texaco.com>, "John
Beall (E-mail)" <bealljp@texaco.com>, "Mickey Lawrence (E-mail)"
<lawremj@texaco.com>, "Albert Brown (E-mail)" <brownaj@Texaco.com>, "Chris
Kaitson (E-mail)" <ckaitson@midcoastenergy.com>, "Timothy Larson (E-mail)"
<tim_larson@murphyoilcorp.com>, "Steve Williams (E-mail)"
<stephen_williams@reliantenergy.com>, "Wade Hoefling (E-mail)"
<wade_a_hoefling@reliantenergy.com>, "Shonnie Daniel (E-mail)"
<shonnie.daniel@enron.com>, "Martin Anthony (E-mail)"
<anthonym@epenergy.com>, "Judy Luo (E-mail)" <judy.luo@kaiseral.com>, "Gerald
Nemec (E-mail)" <gerald.nemec@enron.com>, "Tom Catlin (E-mail)"
<topcat@exeterassociates.com>, "Bruce Louiselle (E-mail)" <econat@msn.com>
		 cc:
		 Subject: FW: Extreme sports

>  -----Original Message-----
> From:  Fahey, Christine [mailto:Christine.Fahey@AIG.com]
> Sent: Wednesday, March 14, 2001 2:58 PM
> To: 'abaird@lemle.com'
> Subject: FW: Extreme sports
>
>  <<ExtremeSports.jpg>>

 - ExtremeSports.jpg


----- Forwarded by Mark Taylor/HOU/ECT on 06/08/2001 01:35 PM -----

	Stephen.Wallace.enronXgate@enron.com 06/06/2001 12:37 PM 	   To: IMCEANOTES-Mark+20Taylor+20+28Vice+20President+20and+20General+20Counsel+29+40ENRON@ENRON.com  cc: Tana.Jones@enron.com  Subject: RE: PLEASE READ

Mark,

Here at Enron Global E&P I have polled my CEO, Jeff Sherrick, and my
CFO/CAO, Howard Selzer, and neither they nor I have anything to report.

Am I supposed to poll everyone in the business unit -- 50 people in Houston
and 250 overseas?

Stephen.

    -----Original Message-----
   From:   Enron Announcements/Corp/Enron@ENRON
             [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]

              On Behalf Of Mark Taylor (Vice President and General Counsel)
             @ENRON
   Sent:   Tuesday, June 05, 2001 6:43 PM
   To:     NYMEX Hedge Exemption List@ENRON
   Subject:  PLEASE READ

   To:                                        Department:    ENA Legal

   From:        Mark Taylor                        Date:     May 11, 2001
           Vice President and General Counsel

   Subject:     Enron North America Corp. NYMEX Hedge Exemption
   Applications

   We  are  in  the  process  of  preparing applications for position limit
   exemptions  for  ENA's  NYMEX energy commodities futures trading.  These
   applications require that ENA represent whether its officers, employees,
   owners,  or agents have a power of attorney, control or have a financial
   interest  in any related commodity future(s) account either individually
   or acting with another person pursuant to express or implied agreement.

   Please   direct   any   responses  to  my  paralegal,  Tana  Jones,  via
   intercompany  email or call her at (713) 853-3399 by the end of business
   on  June  15,  2001 if you have any power of attorney, control or have a
   financial  interest  in any commodity futures account (other than an ENA
   or other trading affiliate account).

   IF  YOU  DO  NOT  HAVE  A  COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO
   RESPOND TO THIS REQUEST.


Susan,

Sorry about the previous attempt.  This is the list of counterparties.  We need to know if we can disclose to third parties that we have traded with them and the volumes associated with the trades.  Thanks for your help.  Call me if you need clarification.

Thanks for your help,
Jennifer Adams

Waste Management Inc.
Georgia Pacific Corp
Casella Waste Systems Inc.
US Gypsum
Inland Paper and Packaging
Rand Whitney Counterboard
National Gypsum Company
Norampac
Atlantic Packaging Products, ltd.
General Mills
Papier Mason
Media News
Times Mirror
Macro Media
Knight Ridder
Media General
New York Times
Tembec Industries
Pacifica Paper
Rock Ten
Conagra Energy Svcs
Frito Lay
Lin Packaging
Dial
National Banc of Canada
Master Packaging
Sodra
James Hardie NV
Appleton Paper
Merita Bank
Repap New Brunswick
Boise Cascade
Caima
Irving Pulp and Paper
UPM Kymmene
Proctor & Gamble

Jennifer Adams
Manager, Corporate Development
Enron Corp.
1400 Smith Street
Houston, TX  77002
Tele:  713/853-3919
Fax:  713/646-4043


Burton,
The file will be called GD_NEW
DG


J:

It's done - though Steve is/was sick & is sending it to you.  I will push it
out the door.

J

Jeff.Dasovich@enron.com wrote:

> how's the memo coming?
>
>
>                     Jeremy Meier
>                     <jermeier@eart        To:     jdasovic@enron.com
>                     hlink.net>            cc:
>                                           Subject:     ICA Memo
>                     01/02/2001
>                     11:56 AM
>
>
>
> Jeff:
>
> Got your voice mail this weekend, and Steve wanted to add a couple short
> items to our ICA analysis memo before sending it to you.  We should have
> it to you today (soon).
>
> Hope the New Year looks bright -
>
> Jeremy Meier
> Blumenfeld & Cohen


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
05:10 PM ---------------------------

Zimin Lu
02/08/2000 04:17 PM
To: Barbara G Dillard/HOU/ECT@ECT
cc: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: valuation of storage contracts

Barbara,

I set up our meeting at 9:00am on March 3 to discuss storage contracts
valuation.
Vince, Stinson and myself will be available to participate the discussion.

Zimin


Daren, I completely forgot about Stacey's CQG ... was I supposed to send in
another request for her and put it on Tom's Cost Center?  Or were we going to
wait for Tom to okay it first??


Mark will be traveling and out of the office beginning at 11:30 a.m. today,
April 19; returning to the office on Monday, April 23.   To send a numeric
page to Mark, the number is 877-855-2081.  Or, to send an email message to
his pager, the address is:  8778552081@pagenetmessage.net.  His cellular
number is 713-206-8080.

Please let me know if I can be of further assistance.

Thank you,
Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


Mark,

Here is Bridgeline.  They do not trade power.

Stacy


---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/02/2000
05:01 PM ---------------------------

"Darron Giron" <dgiron1@pdq.net> on 10/01/2000 10:21:33 PM
Please respond to "Darron Giron" <dgiron1@pdq.net>
To: <dgiron@enron.com>
cc:
Subject: Fw: FW: Paul Harvey Story ...Probably Should Circulate This One...

-----Original Message-----
From: Ronnie Giron <ronniegiron@yahoo.com>
To: Carl Swan <rcantrell@potomacenergy.com>; Georges Tadros
<georges.tadros@cima.qc.ca>; Cabell Tice <DTice55861@aol.com>; Stewart
McAdoo <smcadoo@evl.net>; Robert Missroon <rsroon@aol.com>; Filomena OLeary
<filomena@foleary.freeserve.co.uk>; Manuel Orantes <juancho629@juno.com>;
Daren Osborn <llerwin@aol.com>; Howard Osborn <hosborn@worldnet.att.net>;
Alessandro Petrini <petrini@proatec.com>; Ann Simmons
<asimmons@pearlriver.net>; Bill Simmons III <CopanLumber@aol.com>; Larry
Spears <larryspears@redshift.com>; Maria Araiza <araizam@valero.com>; Xavier
Arguello-Carrazo <inc.xac@mayanet.hn>; Roberto R Babun <babun@netsys.hn>;
Jim Douglas <douglasj@swbell.net>; Ricardo Escoto <rescoto@hn2.com>; Carlos
Giron <cgiron@mindspring.com>; Darron Giron <dgiron1@pdq.net>; Tito Giron
<Tito_Giron@ei.enron.com>
Date: Saturday, September 30, 2000 8:41 AM
Subject: Fwd: FW: Paul Harvey Story ...Probably Should Circulate This One...

>
>Note: forwarded message attached.
>
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free!
>http://photos.yahoo.com/

X-Apparently-To: ronniegiron@yahoo.com via web512.mail.yahoo.com
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From: Kathy Atherton <KathyA@RABEY.com>
To: "'ronniegiron@yahoo.com'" <ronniegiron@yahoo.com>
Subject: FW: Paul Harvey Story ...Probably Should Circulate This One...
Date: Fri, 29 Sep 2000 16:14:25 -0400
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?
-----Original Message-----
From: Wilensky, Bob  [mailto:Wilensky.Bob@LittonDSD.com]
Sent: Friday, September 29, 2000  3:58 PM
To: Hank Coolidge (E-mail); Palmertree,  Kenneth
Subject: Paul Harvey Story ...Probably Should Circulate This  One...

>> >  __________________________________
>> > Subject: Paul Harvey story
>> > Author:? Steven M Wilson at  NOOK003L
>> >  Date:??? 09/25/2000 10:26 AM
>> >
>> >
>>  >???????? It was a Paul Harvey story  >
>>  >????? > So please pass it on !!!!!!!
>> >?????  >
>>  >????? >
>> >????? > <<  >Conveniently Forgotten Facts ?? >? >
>> >????? >?  >Back in 1969 a group of Black Panthers decided that a fellow
>> black
>> >????? >?  >panther named Alex Rackley needed to die.? Rackley was
>suspected
>> >????? >?  >of disloyalty.? Rackley was first tied to a chair.? Once
safely
>>
>>  >????? >immobilized his 'friends' tortured him  for hours by, among other
>>  >????? >? >things, pouring boiling water  on him.
>>  >????? >? >
>> >????? >?  >When they got tired of torturing Rackley, Black Panther
member
>>  >????? >? >Warren Kimbo took Rackley  outside and put a bullet in his
head.
>>  >????? >? >Rackley's body was later found  floating in a river about 25
>miles
>> >????? >?  >north of New Haven, Conn.? Perhaps at this point you're
curious
>> >????? >?  >as to what happened to these Black Panthers.? In 1977, that's
>> only
>> >????? >?  >eight years later, only one of the killers was still in jail.
>> >?????  >? >
>>  >????? >? >The shooter, Warren Kimbro,  managed to get a scholarship to
>>  >???????? Harvard.
>> >????? >?  >He later became an assistant dean at Eastern Connecticut
State
>>  >????? >? >College.? Isn't that  something? As a '60s radical you can
pump
>a
>> >?????  >? >bullet into someone's head, and a few years later, in the
same
>>  >???????? state, you can become an  assistant college dean!? Only in
>America!
>> >????? >?  >
>>  >????? >? >Erica Huggins was the lady who  served the Panthers by boiling
>the
>>  >????? >? >water for Mr. Rackley's  torture.? Some years later Ms.
Huggins
>>  >????? >? >was elected to a California  School Board.
>>  >????? >? >
>> >????? >?  >How in the world do you think these killers got off so easy?
>> >?????  Maybe
>>  >????? >? >it was in some part due to the  efforts of two people who came
>to
>>  >????? >? >the defense of the  Panthers.? These two people actually went
so
>>  >????? >? >far as to shut down Yale  University with demonstrations in
>> >????? >?  >defense of the accused Black Panthers during their trial.
>> >????? >?  >
>>  >????? >? >One of these people was none  other than Bill Lan Lee. Mr.
Lee,
>or
>> >????? >?  >Lan Lee, as the case may be, isn't a college dean.? He isn't
a
>> >????? member
>> >?????  >? >of a California School Board. He is now head of the US
Justice
>> >????? >?  >Department's Civil Rights Division.? O.K., so who was the
other
>> >????? >?  >Panther defender?
>>  >????? >? >
>> >????? >?  >Is this other notable Panther defender now a school board
>member?
>>  >???????? Is this other Panther  apologist now an assistant college dean?
>> No,
>> >????? >?  >Neither!? The other Panther defender was, like Lee, a radical
>> >?????  >? >law student at Yale University at the time.? She is now  known
>as
>> >????? >?  >The "smartest woman in the world."
>> >????? >?  >
>>  >????? >? >She is none other than the  Democratic candidate for the US
>Senate
>> >????? >?  >from the State of New York----our lovely First Lady, the
>> >????? >?  >incredible Hillary Rodham Clinton.
>> >????? >?  >
>>  >????? >? >And now; as Paul Harvey says;  you know (the rest of the
story).
>> >?????  >? >Pass this on!? She deserves the press................
>> >?????  >? > ??????????????????????????????????????????????????
????????????????


I've heard that the turbines are supposed to be moved out of WestLB today.
The contract with GE is not quite finished, although it is close.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/27/2000 08:54
AM ---------------------------

	Enron Global Finance

	From:  Catherine Clark @ ECT                           11/27/2000 08:44 AM

To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Ben
Jacoby/HOU/ECT@ECT, Eric Boyt/Corp/Enron@Enron
cc:

Subject: Austin Project Purchase Option

---------------------- Forwarded by Catherine Clark/HOU/ECT on 11/27/2000
08:45 AM ---------------------------

"Taylor, Rob" <robtaylor@akllp.com> on 11/24/2000 12:55:59 PM
To: <toxley@winston.com>, <roseann.engeldorf@enron.com>,
<catherine.clark@enron.com>
cc:
Subject: Austin Project Purchase Option

Attached is a revised draft of the Purchase Option Assignment and
Assumption Agreement for the LM6000s to be used in the Austin Project.
The attached reflects the comments of Winston & Strawn.  Also attached
is an execution copy of the agreement.

Serial numbers and other identifying information should be inserted on
Schedule 1 to the agreement prior to execution.

Please call me if you have any questions or comments.

Regards,

Rob Taylor
Andrews & Kurth L.L.P.
600 Travis Street
Suite 4200
Houston, Texas  77002

Tel: (713) 220-4436
Fax: (713) 238-7273
e-mail: robtaylor@andrews-kurth.com

This e-mail is privileged and confidential and is intended only for the
recipient(s) named above.  If you are not the intended recipient, please
(i) do not read, copy, use or disclose the contents hereof to others
(any of the foregoing being strictly prohibited), (ii) notify the sender
immediately of your receipt hereof, and (iii) delete this e-mail and all
copies of it.
 <<Purchase Option Assignment/Assumption.DOC>>  <<PO (Austin) -
Compare.DOC>>
 - Assumption.DOC
 - PO (Austin) - Compare.DOC


This request has been pending approval for  19 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078160&Page=Approval to review and act upon this request.

Request ID          : 000000000078160
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/5/01 9:32:40 AM
Requested For       : gulay.soykok@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


Thanks for the update.  I spoke with Ranabir this morning and it is my
understanding that Lost Creek will enter into the swap without a credit
support provider.  Based on that fact and the fact that we are selling our
interest down to Northern Border, the ISDA should be okay without any
incremental credit provisions.

Thanks,
Bill

From: Sara Shackleton on 09/11/2000 04:29 PM
To: William S Bradford/HOU/ECT@ECT
cc:
Subject: Lost CreekGathering Company

Bill:  I couldn't recall if I mentioned the above entity (35% Enron owned and
65% Burlington owned, I understand) but I was contacted by Ranabir Dutt
(X35274) to review an ISDA and 10 year rate swap for Lost Creek and Barclays
Bank PLC..  I told Ranabir to contact credit.  He said that was Enron was
immediately selling its interest.  The swap becomes effective 9/15/00.


Shirley,

Please, send a copy of the book to Pedro Fernando.

Vince

Pedro Fernando Manrique@ENRON_DEVELOPMENT
11/15/2000 02:04 PM
To: Vince J Kaminski@ECT
cc:
Subject: New Risk Management Book

Vince,

In Colombia we are setting up a trading operation and would be nice to have a
copy of the new book for our reference. Please let us know how we can get
access to a copy.

Many thanks,

Pedro Fernando


Okay, I have to admit it is somewhat of a pansy schedule and it is going to
be like that for about the next three years.  However, this season will give
us the perfect opportunity to get all of our freshman and sophomores the
necessary experience needed to win the National title two to three years from
now.  Mack Brown is a master at pacing a teams rise to the top.  With the #1
recruiting class in the country last year and a top 5 class this year the
future looks bright for the Longhorns.  Besides, our stadium's on campus and
we've sold over 40,000 season tickets...the games are bound to be fun
regardless of how weak the opponents may be.

Counter?

Shorty

Ted Noble
08/25/2000 03:51 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re:

Hey Shorty,

Sorry your week has been going poorly (I guess you feel like I did Wednesday
night).  But on the bright side, college football starts this weekend which
is always a plus and today is Friday which makes this bad week over.  I am in
middle of packing once again for another move but the good news is that I get
kicked out by 5:00 today.  I was checking out UT schedule and it looks like
they have a pansy schedule (unlike UCLA that has to play Alabama #3 and
Michigan #4 early in the season).  Any comments on that?

Ted

Susan M Scott
08/25/2000 02:37 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject:

Well, this may go down as one of my absolute worst weeks ever.  Hope yours
was better and that you made a full recovery from Steak Night.


I agree that we should not be opposing rate caps for small customers and
schools, but I think we should be pounding on the fact that market
participants have been putting offers in front of sdge and that allowing the
market to provide this solution is superior to legislated caps that require
the creation of huge deferrals (and more problems in the future).
Can we make that argument work?

Mona L Petrochko
08/24/2000 09:45 PM
To: Bruno Gaillard/SFO/EES@EES
cc: West GA, Edward Hamb/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES, Chris
Hendrix/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES,
Martin Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, James M
Wood/HOU/EES@EES, Gary Mirich/HOU/EES@EES, Dennis Benevides/HOU/EES@EES,
Roger Yang/SFO/EES@EES, David Parquet@ECT, mday@gmssr.com, Paul
Kaufman/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON, Mary Hain@Enron, Harry
Kingerski/HOU/EES@EES, James D Steffes/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Karen Denne@Enron, Mark
Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT

Subject: Re: Daily Update/ Legislative activity - 08/24/00

I attended Cmmr. Wood's two-day hearing on Wholesale Markets, which concluded
today (8/24) in San Diego.  Three Commissioner's were present (Wood, Lynch
and Neeper) with Duque and Bilas participating by phone.  Administrative Law
Judge Wetzel was present and a transcript was taken.  The quasi-legislative
hearing was the beginning of a record developed for the investigation into
the workings of wholesale/retail markets.  This session focused on Wholesale
markets.  There will be subsequent sessions on retail issues, market
structure and other related issues in the future.  My conclusion from this
session is that Wood is looking for support for increasing regulatory
intervention in the market.

Dan Larcamp, Director of the Office of markets, Tariffs and Rates, FERC, was
present.  He relayed FERC's concern of this matter and a desire to hold
hearings in San Diego.  He also relayed that Hoecker held a press conference
announcing the opening of a 206 investigative proceeding into the operation
of the wholesale markets in California, which carried with it refund
authority.

The format of the hearing was to respond to pre-filed questions developed by
Wood/Lynch.  Each member of the panel would respond to the questions and any
questions posed by the Commissioners, the Judge or the CPUC Attorney.  No
questions were posed by members of the audience.  Yesterday's panel of
academics were comprised of:

1.  Dr. Timothy Duane-UC Berkley
2.  Dr. William Hogan-Harvard
3.  Dr. Frank Wolak-Stanford (ISO Market Surveillance Committee)
4.  David Marcus-Energy Consultant for the Coaltion of Utility Employees
5.  Dr. Gene Coyle
6.  Dr. Jean-Michel Glachant, Universite Paris I Pantheon Sorbonne

The panel was asked to speak as individuals and not on behalf of any
institutions they may represent.  While the purpose of the panel seemed to be
to determine that market power was being exercised and that prices were too
high and therefore not just and reasonable, the panelist stopped short of
blaming generators and market participants in behaving illegally.  The
concensus generally was that market power did exist at various times, but the
mere existence did not constitute bad behavior.  None, with the exception of
Dr. Wolak who is in the process of doing a study using recent data as part of
his role for the Market Surveillance Committee, had done a study.  There was
some discussion, though not much, of the monopsony power of the utilities.  I
think ultimately the group conceded that scarcity of supply amplified
concerns about the exercise of market power, as even the increase in gas
costs did not fully explain the recent spikes.  Wolak believes that encourage
utilities to enter into forward purchases will reduce the exercise of
real-time market power.

Hogan seemed to be there with Sempra's interests in mind.  He continued to
promote expansion of the ISO's abilities to dispatch load as well as maintain
system reliability.  There was alot of discussion about forward purchase
ability for utilities so as to be less subject to volatile market prices.
The concerns were also discussed about the appropriateness of a distribution
utility making purchasing decisions on behalf of its customers.  This
included discussion of separation of these functions and the default provider
role.

Most everyone agreed that rolling back to a regulated market was not feasible
without raising other major and serious concerns, however there seemed to be
support for some interim measures where cost-of-service regulation may be a
good idea and that was during peak periods.  All agreed that a demand
response, and price signals, are important in the long-run, although not to
the extent currently experienced in San Diego.

Today's panel included representatives from SDG&E, SCE and PG&E, TURN, UCAN
and ORA.

While yesterday's panel maintained objectivity as to whether or not
generators were exercising market power to the detriment of the system,
today's panel made no bones about the generators being to blame.

SCE/PG&E indicated their need for relief for recovery of market costs in
excess of the rate freeze.  SDG&E was still on the hot seat for their
inaction in hedging any of their supply.  SDG&E brought up their failed PBR
proposal and ORA and UCAN thought that that may be one way to incent the
utility to be more responsible with their purchases.

UCAN discussed the Governor's direction and the potential for putting rate
caps into affect for residential and small commercial.  He mentioned that C&I
customers are experience difficulties as well.

TURN raised the need for cost-based bid caps and cost-based peaking
contracts.  Mike Florio, TURN, urged against any further divestitute of
assets and alleged market concentration on those assets that had been
divested.  In fact, TURN urged the Commission to seek legislation to clarify
the Commission's authority to order retention of assets.

Neeper urged that part of the solution should be changing the current
requirement to use the PX as the only authorized exchange, although TURN
disagreed.

Bruno Gaillard
08/24/2000 06:09 PM
To: SF Directors, Edward Hamb/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES,
Chris Hendrix/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas
Condon/SFO/EES@EES, James M Wood/HOU/EES@EES, Gary Mirich/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, David Parquet@ECT,
mday@gmssr.com, Paul Kaufman/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON,
Mary Hain@Enron, Harry Kingerski/HOU/EES@EES, James D Steffes/HOU/EES@EES,
Richard Shapiro/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Karen Denne@Enron,
Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Tim
Belden/HOU/ECT@ECT
cc:
Subject: Daily Update/ Legislative activity - 08/24/00

Siting related bills

1. Good new - The Williamson Act passed the Senate 34-1, It should be heard
at the assembly Saturday or Monday if it is not redirected to a Committee
hearing.

2. There was a long meeting with Ducheny with regards to AB 970. The enviro's
boycotted, they want to draft a bill with Keeley. Labor was obstructionist -
they wanted to gut all the expediting siting  language with regards to all
facilities except for the peaking plants.

Rate Cap related bills
1. The Edison Language on Rate Stabilization may not go anywhere. Edison has
not found an author because of the efforts of Enron and others lobbying
against it. Furthermore there are signs that Gov. Davis opposes it.

2. The Governor's office has issued a proposed language for a rate cap bill.
The language however is not available as of yet. It may be released today or
tomorrow. SDG&E has shown concerns over the content of the bill. They seem to
think that it is worse than initially proposed by the Governor in his press
release.
The bill includes retroactive rate caps through 6/1/00.
The rate cap could reflect Wood's rate cap proposal (6.5 cts cap on the
energy component
The bill does not specify who or how the costs associated with the cap will
be recovered. (The reasoning is that UDCs will be more cautious in their
procurement if there is uncertainty on who is responsible for the costs.)
All of this is speculative. We hope to see the actual language soon.

3. Enron has been working with the Republican leadership to promote a rate
cap proposal similar to the amended language we have proposed for AB2290.
The bill focuses only on SDG&E customers and our major principals are the
following.
The Interim Rate Cap should be limited to residential and small commercial
customers, plus specific institutions that have a significant public role,
such as schools and hospitals.
The Interim Rate Cap should be limited to the period ending December 31, 2001.
The Interim Rate Cap must be structured so that any undercollection is
eventually recovered from the same customers who benefit from the lower rates
provided by the rate cap.


Done

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Thursday, May 24, 2001 12:50 PM
To:	Taylor, Joey
Subject:	FW: DEAL #1246131 from 5-15-2001
Importance:	Low

 -----Original Message-----
From: 	Arnold, John
Sent:	Thursday, May 24, 2001 7:19 AM
To:	Quigley, Dutch; McLaughlin Jr., Errol
Subject:	FW: DEAL #1246131 from 5-15-2001
Importance:	Low

 -----Original Message-----
From: 	"Gencheva, Daniela" <GencheDI@er.oge.com>@ENRON [mailto:IMCEANOTES-+22Gencheva+2C+20Daniela+22+20+3CGencheDI+40er+2Eoge+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 23, 2001 10:09 AM
To:	Arnold, John
Cc:	Brooks, Margaret
Subject:	DEAL #1246131 from 5-15-2001
Importance:	Low

During a telephone conversation with Margaret Brooks, on May 15th, you
agreed to change the terms of deal #1246131  buying 10,000/day Gas Daily
HHub @$4.49 and replace it with a buy of 10,000/day NYMEX Swap @$4.495. We
still have not received a confirmation with the corrected terms.
Would you correct the price in your system or inform your contract
administrator of the correction.
If you have any questions please feel free to contact me or Margaret brooks
at 405-553-6471.

Daniela Gencheva
Energy Trading Analyst II
OGE Energy Resources
TEL: 405-553-6486
FAX: 405-553-6498


Please begin your focus on increasing EOL liquidity as soon as possible.  This is not a long term project.  Lavo will be seeking immediate results.

Thanks,
Mike


It looks great.  I am gald you and Yan were able to get everything working.  I need to get with him on some Rockies maps now that he has this one done.  Again, great job.

Jay

 -----Original Message-----
From: 	Sanchez, Monique
Sent:	Monday, September 24, 2001 5:01 PM
To:	Grigsby, Mike; Reitmeyer, Jay
Subject:	FW: EPNG Map

The eagle has landed.

 -----Original Message-----
From: 	Wang, Yan
Sent:	Monday, September 24, 2001 3:36 PM
To:	Sanchez, Monique
Subject:	RE: EPNG Map

Monique, I have moved the map under Desks->West Desk-> West Map. Please check it out, let me know if there is anything else. Yan

 -----Original Message-----
From: 	Sanchez, Monique
Sent:	Monday, September 24, 2001 1:22 PM
To:	Wang, Yan
Subject:	EPNG Map

Yan,

Will you please release the map out of testing into the main west ops area.  I have checked the data on a test basis and everything appears to be working properly.

Thanks
Monique


I heard that you asked for this in staff meeting this morning.

2002 Corporate aviation hours budgeted for:

Stan  120 hours $510,000
NNG    50 hours  $200,000


FYI:  Heather from Wesco called and their schedule was cut by CISO for 08/11 hours ending 9, 10 and 19 by 2 megawatts (for PV Heavy Load) .  These 2 megawatts were booked out with APS.  The following is the deal number and the schedule:
Old tag number: 29291 and new tag number: 29535

721113.1	64.25  8/9-8/31	7-8, 11-18, 20-22	25 mw		WESCO(G)SP15-CISO(T)SP15/PVD#CISO_WESC104P_SRP-WESCO-ENRON-PINW-APS(T)PV/WW#GF-PINW

721113.1	64.25	8/9-8/31	9-10, 19		23 mw		(SAME PATH AS ABOVE)

719408.1	64.30	8/8-8/31	7-22			25 MW	(SAME PATH AS ABOVE)

719414.1	64.30	8/8-8/31	7-22			25 mmw	(same path as above)

719414.1	64.30	8/8-8/31	9-10, 19		2 mw		bookout:  WESCO - ENRON- PINW-ENRON

 For your information only, no action necessary.

Susie Wilson


Dear JEFFREY DASOVICH,

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The final (?) draft of Change Order #1 for the Las Vegas transformers under
the West LB contract is attached.  Please confirm whether this should in fact
be Change Order #1.  If you see anything else you would like changed, please
let me know as well.

If everything appears to be in order, I will ask Chris Calger to sign the CO
and get it off to ABB.

I can be reached on my cell phone at (503) 803-1700.

Thanks.


Carol:

Here is the latest EBS telecom master.

Marie

 -----Original Message-----
From: 	Parnizari, Lori
Sent:	Thursday, August 02, 2001 4:44 PM
To:	Heard, Marie
Subject:	New MSA


I have not received any feedback from Edmund or David regarding the email
below.  Can you please respond as I am getting daily prompts for a response.
MUCH THANKS!

For Matt, your email stated that you trade over the IPE & NYMEX.  What rules,
besides the rules of those two exchanges, might apply to any on or off
exchange trades you might enter into.  For instance, here in the U.S. energy
commodity trades might be governed by the CFTC, where out equity options
might be governed by the SEC.  Besides the exchanges your email reflected,
what other governmental rules or regulations would govern trades you might
enter into?
---------------------- Forwarded by Tana Jones/HOU/ECT on 04/11/2000 04:44 PM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           03/23/2000 11:12 AM

To: Edmund Cooper/LON/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Matthias Lee/SIN/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Need Information for Audit

In connection with an internal audit regarding the safekeeping of margin
funds and securities, Enron Corp. has asked us to provide them with a list of
all the exchanges we trade on, what rules govern those exchanges and the
products we trade on them (in particular the clearing arrangements), and any
rules that govern brokers we may maintain funds or cash with.  This should
include all the products we may trade/hedge over an exchange including energy
commodities, interest rates, currencies, equities, etc.

Can you please provide this information no later than Friday of next week.
Much thanks!


We are injecting gas into EGAN storage today through Monday, off of Texas Gas
and CGLF.  We will be withdrawing this gas ratably in Dec into Texas Gas.  I
will probably make a mistake or two on my deals because I'm kinda sleepy.

Crystal will help me set up the deals on EGAN.  I am currently using a CPR
Storage deal ticket and I believe that is incorrect.  I will let everyone
know the deal tickets by the end of the day.


Hi Mari,

Here is all of the data I provided to Phillip, Andy and Kevin while the banks were here.  I'm providing it in raw form.  It may have been re-formatted before it was actually presented.

--jay


Opps to hedge international exposures locally.

       =DJ Asia Debt:Pricing In Tokyo Credit Derivs Mkt A Bit Askew

Dow Jones International News Service via Dow Jones

  By Brian Fowler

  A Dow Jones Newswires Column

  TOKYO (Dow Jones)--Pricing levels in Tokyo's credit derivatives market
show  it's cheaper to buy protection on some top-rated Japanese issuers
these days  than on U.S. names with similar ratings, a clear sign that
record-high  bankruptcies and bad debts in the banking system aren't
shaking the market's  faith in this nation's top companies.

  Take, for example, Ford Motor Co. (F) and Honda Motor Co. (HMC or 7267).
Both  have solid A2 credit ratings from Moody's Investors Service. And yet,
as of last  week, the cost of credit default protection on five-year Honda
U.S.  dollar-denominated debt stood around 30 basis points, while
protection on  five-year debt issued by Ford Motor Credit, Ford's financing
arm, was around 70  basis points.

  Bankers and institutional investors use the credit derivatives market
either  to shed risk on loans and bonds or to take on risk as an
investment. In a credit  default swap, the most commonly-used credit
derivative, one party pays a fee  measured in basis points on a notional
value. The recipient of the fee - the  risk-taker - is considered the
investor.

  In the case of Honda Motor, Japanese banks looking to reduce the exposure
in  their portfolios to that company's debt would benefit from the
relatively low  cost of doing so. But hedge funds, non-life insurers and
other investors seeking  exposure to Honda as a way of picking up revenue
would get stuck with lower  returns.

  "One of Honda's main markets is the U.S. market, so if an investor wants
exposure to the U.S. auto market, Ford offers better spreads," said Joseph
Slankas, assistant vice president in the Global Credit Derivatives division
at  Merrill Lynch in Tokyo.

  The pricing distortions in Tokyo's credit derivatives market can be
linked to  two main factors: the low interest rate environment here and
skewed  supply-demand dynamics.

  "In the last two years, markets have swung from a focus on hedging to
being  totally dominated by investors," said Malcolm Perry, managing
director at J.P.  Morgan Securities Asia Pet. Limited in Tokyo.

  Not surprisingly, heavy demand to sell protection reduces the premium on
that  service.

  More than anything else, however, the narrow spreads in Japan's credit
derivatives market underscore the relatively underdeveloped state of the
nation's corporate bond market and the effect this has on liquidity.
  For decades, Japanese companies have tended to rely heavily on bank
financing  rather than directly tapping capital markets. As a result, while
Japan's  government bond market is as big or bigger than the Treasurys
market, the  corporate bond market here remains relatively small.

  The value of outstanding Japanese corporate bonds was around Y50 trillion
at  the end of February, according to the Japan Securities Dealers
Association.  That's less than one-eighth the size of the U.S. market,
where the value of  outstanding issues stood at $3.372 trillion at the end
of December, according to  the U.S. Bond Market Association.

  A small market means a dearth of liquidity, which inhibits trading in
secondary markets.

  On top of that, the lack of an indigenous Japanese high-yield market -
all of  Japan's high-yield issuers are so-called fallen angels - leaves
investors with  few opportunities to diversify their portfolios. As a
result, the bulk of  trading in Tokyo's credit derivatives market involves
names rated A or higher.
  To be sure, there are also historical factors that tilt the supply-demand
balance. Despite the bad-loan crisis here, many Japanese bankers feel that
domestic top-rated companies are still a relatively safe bet in the
international marketplace.

  "Even if ratings are the same, we tend to feel that the real distance a
corporation has to fall to default is larger here," said Takashi Miyauchi,
manager of the Derivative Products Division at Fuji Bank Ltd.
  It's not hard to see why. The U.S. corporate landscape has been scorched
recently by the likes of companies such as Xerox Corp. (XRX) and Lucent
Technologies (LU), both of which have struggled over the past year with
heavy  debt loads and credit rating downgrades after having been considered
solid  credits going into the year 2000.

  Moody's cut its domestic currency rating for Xerox to Baa2 in September
2000,  three notches below where the rating had been at the end of 1999.
Lucent's fall  was even steeper - to Baa3 in February, four notches below
where it was in  October 2000.

  In contrast, credit derivatives players in Tokyo say they can't recall a
major  credit event on a traded Japanese name since late 1998, when
Long-Term Credit  Bank and Nippon Credit Bank collapsed in quick
succession.
  The sense of relative safety regarding top-rated Japanese names is a key
factor in the dearth of tiering - or spread - between different grades of
double  A credits, according to Kazuyasu Makabe, vice president, credit
trading at J.P.  Morgan Securities Asia.

  "Toyota Corp., with tremendous fundamentals, is rated AA1 and trades with
a  credit default swap rate around 15 basis points in yen. Sony, another
great  company, is two notches lower at AA3 and yet only trades about two
basis points  over Toyota," Makabe said.

  In the U.S. you might expect the lower-rated credit to trade at a spread
of 10  basis points or more over the higher-rated company, Makabe said.
  The upshot of this is that low spreads can squeeze some investors out of
the  market for Japanese names.

  "We are focusing on U.S. and euro names because spreads on Japanese names
are  so tight," said Koji Ogawa, assistant manager of the Investment and
Structured  Finance Group at the Tokio Marine and Fire Insurance  Co.
  Pricing is an increasing concern for casualty insurers like Tokio Marine
and  Fire because the effects of deregulation have hit profitability in
core  operations while sluggish stock prices and rock-bottom interest rates
have  weighed on investment returns.

  "The core businesses for non-life companies are becoming less profitable,
so  it's important for them to diversify earnings sources," said Ayako
Nakajima,  non-life insurer analyst at Standard & Poor's in Tokyo.
  -By Brian Fowler, Dow Jones Newswires; 813-5255-9206;
brian.fowler@dowjones.com

  -Nick Shindo contributed to this story.

  (END) Dow Jones Newswires 22-05-01

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


Please find section 3 notes attached. I did not get to review the
questions on Ghana, Ireland and Brazil, so I will try to cover those
case studies next week.  This means that you should read those special
survey sections from the Financial Times (I also attached those).

Bhash
 - section3notes.doc
 - brazil.doc
 - ghana.doc
 - ireland1.doc