_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                     Monday, October 23, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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"To succeed in business, it is necessary to make others see
things as you see them." -- John H. Patterson

GENERAL ELECTRIC TO PURCHASE HONEYWELL
General Electric announced plans to buy Honeywell for nearly
$48.4 billion in stock and debt.

By Mike Trigg

Fairfield, Conn.-based General Electric (NYSE: GE) announced
plans to purchase aerospace systems company Honeywell (NYSE:
HON) for nearly $48.4 billion in stock and debt, GE's biggest
deal ever. In addition, General Electric Chairman and CEO Jack
Welch agreed to stay on through next year in order to see the
acquisition through.

Under terms of the agreement, General Electric will pay 1.005
shares for the automated controls maker, or about $55.12 per
share based on Honeywell's closing price Friday. The equity and
debt mix is about $45 billion and $3.4 billion, respectively.
According to General Electric, the deal will add at least $0.10
per share in its first full year and is being accounted for as a
pooling of interest.

After planning to step down as chairman in April, it's a bonus
Welch will be staying on to supervise the transition, calming
Street concerns. He's been on the job for over two decades,
overseeing tremendous company success, and is considered a
top-notch corporate executive. The company still plans on going
through with earlier plans to name a successor, expected
sometime before the year's end. In European trading, General
Electric was up, while Honeywell traded down.

The announcement comes only days after aerospace parts company
United Technologies (NYSE: UTX) and Honeywell were in similar
talks for a deal reportedly worth $40 billion. It would have
created an aerospace parts company with over $48 billion in
annual sales based on last fiscal year's figures. According to
reports, United Technologies stepped away from the table,
unwilling to engage in a bidding war after learning General
Electric had entered the picture.

Likewise, this deal comes less than a year after AlligedSignal
bought Honeywell and became Honeywell International. Of course,
integration is always a concern with any acquisition, and this
one will have its fair share of changes, with surely more to
come. According to a Honeywell spokesperson, its headquarters in
Morristown, N.J. will be closed and about 500 employees will
potentially lose their jobs. Three Honeywell officials will be
added to GE's board, including CEO Michael Bonsignore.

Overall, the acquisition creates an industrial Goliath that
specializes in aerospace, chemicals, and plastics products and
systems, among others. According to Welch, Honeywell's core
businesses -- avionics, automated controls, performance
materials, and microturbine technology -- are a perfect fit with
four of General Electric's major business lines.
_________________________________________________________________

NEWS TO GO

Optical networking company Corning (NYSE: GLW) announced fiscal
third-quarter results this morning with profits more than
doubling. The company cited increased demand for optical fiber
and components used in communication networks. Corning reported
pro forma earnings of $317 million, or $0.35 per share, compared
to $148.1 million, or $0.17 per share, in the year-ago period.
The announcement was in line with the company's recently raised
forecast of $0.34 to $0.35 per share, with the Street consensus
calling for $0.34 per share. Revenues came in at $1.9 billion, a
54% increase from the year-ago figure of $1.25 billion.

Over the weekend, Lucent Technologies' (NYSE: LU) board of
directors named Henry Schacht the company's new chairman and
CEO. According to a press release, a need for a new set of
skills at this point in the company's life was the reason for
replacing existing Chairman and CEO Richard McGinn. Schacht is
returning to a position he held from 1995 to 1997. He will work
with senior management to run day-to-day operations and will
begin a search for his successor. The change could not come at a
better time, as Bill man recently commented. After yet another
earnings warning earlier this month, Lucent shareholders were
calling for the McGinn's removal. Hooray for them, I suppose.
http://www.fool.com/m.asp?i=164345

According to The Wall Street Journal, AT&T (NYSE: T) is
contemplating a plan, "Project Grand Slam", that would split the
company into four businesses: consumer long distance, wireless,
business, and broadband. The Business Services division, its
largest and most profitable, would become the new AT&T. It would
create brand and licensing arrangements with the three other
businesses. That division generated 39% of the company's total
1999 revenue, or $25 billion. The proposal will be discussed at
the telecommunication provider's board meeting Monday and, if
approved, could be announced as soon as Wednesday.

Check out yesterday's Foolish market wrap-up with just one
click.
http://www.fool.com/m.asp?i=164346
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EDITOR'S PICK

Tax deductions may be the only appealing aspect of taxation. Roy
Lewis looks at home computers and explains when you can deduct
the associated expenses.
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MsgId: msg-7828-B10238021Address.msg-09:28:01(10-23-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


-----Original Message-----
From: 	Dorland, Chris
Sent:	Thursday, August 30, 2001 12:57 PM
To:	Ballato, Russell; Lorenz, Matt; Carson, Mike; King, Jeff
Subject:	FW: guide

 -----Original Message-----
From: 	"George, Mike (CA - Calgary)" <migeorge@deloitte.ca>@ENRON [mailto:IMCEANOTES-+22George+2C+20Mike+20+28CA+20-+20Calgary+29+22+20+3Cmigeorge+40deloitte+2Eca+3E+40ENRON@ENRON.com]
Sent:	Thursday, August 30, 2001 12:45 PM
To:	Dorland, Chris
Subject:	FW: guide

When  you have 5 minutes you have to read this e-mail about shitting at work.  It  is the funniest thing I have ever read.
-----Original Message-----
From: Schoenhals, Jeff CIC  [mailto:JSchoenhals@cicorp.sk.ca]
Sent: Tuesday, August 14, 2001 8:14  AM
To: 'George, Mike (CA - Calgary)'
Subject: RE:  guide
I  know, it's so true!!  I had a jailbreak last week and I just about died  laughing.
-----Original Message-----
From: George, Mike (CA - Calgary)  [mailto:migeorge@deloitte.ca]
Sent: August 14, 2001 8:07  AM
To: 'Schoenhals, Jeff CIC'
Subject: RE:  guide
this is the funniest thing I have ever read in my life!
-----Original Message-----
From:  Schoenhals, Jeff CIC [mailto:JSchoenhals@cicorp.sk.ca ]
Sent: Tuesday, July 31, 2001 8:38 AM
To: Brent Ehrich (E-mail); C. A. Hatlelid (E-mail); Colin Clements (CA
Calgary) (E-mail); Colin Laturnus (E-mail); Geoff  Yaworski (E-mail);
Jason Wessel (E-mail); John Gorst  (E-mail); Max Zureski (E-mail);
Michael O'Krancy  (E-mail); Mike George (E-mail); Scott. Parks (E-mail);
Tyler Stuart (E-mail)
Subject: FW: guide
-----Original Message-----
From:  brett.selinger@sasktel.sk.ca [mailto:brett.selinger@sasktel.sk.ca ]
Sent: July 30, 2001 4:51 PM
To: Craig  Bryksa; eharmel; Mike Harmel; jjknoll@jpm.hewitt.com; C.
Leier; coltsback@hotmail.com; jschoenhals@cicorp.sk.ca
Subject: guide
----- Forwarded by Brett Selinger/SaskTel/CA on 07/30/2001  04:49 PM -----

                     Larry Martin
                                          To:     Brett
Selinger/SaskTel/CA@SaskTel
                     07/30/2001            cc:
                     04:18  PM              Subject:     guide

1999 SURVIVAL GUIDE FOR TAKING A DUMP AT WORK.
ESCAPEE
Definition:
  A fart that slips out while taking a leak at the urinal   or
forcing poop in a stall. This is usually  accompanied by a sudden wave
of panic/embarrassment.  This is similar to the hot flash you receive
when  passing an unseen police car and speeding. If you release an
escapee, do not acknowledge it. Pretend it did not happen. If you  are
standing next to the farter at the urinal, pretend  that you did not
hearit. No one likes an escapee, it  is uncomfortable for all involved.
Making a joke or  laughing makes both parties feel uneasy.
JAILBREAK (Used in conjunction with escapee)
Definition: When forcing poop, several farts slip out at a machine  guns
pace. This is usually a side effect of diarrhea  or a hangover. If this
should happen do not panic,  remain in the stall until everyone has left
the  bathroom so to spare everyone the awkwardness of what just occurred.
COURTESY FLUSH
Definition: The act of  flushing the toilet the instant the nose cone of
the  poop log hits the water and the poop is whisked away to an
undisclosed location. This reduces the amount of air time the poop  has
to stink up the bathroom. This can help you avoid  being caught doing the
WALK OF SHAME.
WALK OF SHAME
Definition: Walking from  the stall, to the sink, to the door after you
have  just stunk-up the bathroom. This can be a very uncomfortable moment
if someone walks in and busts you. As with all farts, it is  best to
pretend that the smell does not exist. Can be  avoided with the use of a
COURTESY FLUSH.
OUT OF THE CLOSET POOPER
Definition: A  colleague who poops at work and is damn proud of it. You
will often see an Out of the Closet Pooper enter the bathroom with
newspaper or magazine under their arm. Always look  around the office for
the Out of the Closet pooper  before entering the bathroom.
THE POOPING FRIENDS NETWORK (PFN)
Definition: A group of coworkers who band together to ensure  emergency
pooping goes off without incident. This  group can help you to monitor
the whereabouts of OUT  OF THE CLOSET POOPERS and identify SAFE HAVENS.
SAFE HAVEN
Definition: A seldom used  bathroom somewhere in the building where you
can least  expect visitors. Try floors that are predominantly of the
opposite sex. This will reduce the odds of a pooper of your sex  entering
the bathroom.
TURD BURGLAR
Definition: A pooper who  does not realize that you are in the stall and
tries  to force the door open. This is one of the most shocking and
vulnerable moments that occur when taking a dump at work. If  this
occurs, remain in the stall until the TURD  BURGLAR leaves. This way you
will avoid all  uncomfortable eye contact.
CAMO-COUGH
Definition: A phony cough  which alerts all new entrants into the
bathroom that  you are in a stall. This can be used to cover-up a
WATERMELON or to alert potential TURD BURGLARS. Very effective when  used
 in
conjunction with  an ASTAIRE.
ASTAIRE
Definition: A subtle toe-tap  that is used to alert potential TURD
BURGLARS that you  are occupying a stall. This will remove all doubt that
the stall is occupied. If you hear an ASTAIRE, leave the  bathroom
immediately so the pooper can poop in  peace.
WATERMELON
Definition: A turd that  creates a loud splash when hitting the toilet
water.  This is also an embarrassing incident. If you feel a WATERMELON
coming on, create a diversion. See CAMO-COUGH.
HAVANA OMELET
Definition: A load of  diarrhea that creates a series of loud splashes
in the  toilet water. Often accompanied by an escapee. Try using a
CAMO-COUGH with an ASTAIRE.
UNCLE TED
Definition: A bathroom user  who seems to linger around forever. Could
spend  extended lengths of time in front of the mirror or sitting on the
pot. An UNCLE TED makes it difficult to relax while on the  crapper, as
 you
should  always wait to drop your load when the bathroom is empty.This
benefits you as well as the other bathroom attendees.
FLY BY
Definition: The act of scouting  out a bathroom before pooping. Walk in,
check for  other poopers. If there are others in the bathroom, leave and
come back again. Be careful not to become a FREQUENT FLYER.   People may
become suspicious if they catch you  constantly going into the bathroom.
CRACK WHORE
Definition: A crapper that  has seen more ass than a Greyhound Bus.
Tell tale  signs of a CRACK WHORE include hairs, stains and streaks.
Avoid CRACK WHORES at all cost. Try finding out when the janitor  cleans
each particular bathroom. Don't forget with a  good cleaning,a CRACK
 WHORE
can become a SAFE HAVEN.


I didn't have this on my calendar, Lexi, because I wasn't on the list for
this event that you handed out regarding the recruiting strategy.  My husband
has a commitment away from home for Wednesday night, and with the children in
school already, I can't really ask the older kids to babysit for the two
year-old during prime homework hours.  Patti has some names that I have
suggested for this event and she plans to call you with those names.  Very
few of the names on your e:mail message were on the Recruiting Strategy
Schedule that you handed out, so I would be surprised if any of these folks
have this on their calendars.  You may need some of the names that Patti has
for you.
I have put the other dates on my calendar, however, and I am in the process
of lining those up with our home schedule to make sure that these will work
for me.

	Enron North America Corp.

	From:  Lexi Elliott @ ENRON                           08/21/2000 02:00 PM

To: Ben F Glisan/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Mark
Confer/HOU/ECT@ECT, Christopher Coffman/Corp/Enron@Enron, Ilan
Caplan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sally Beck/HOU/ECT@ECT, Mark E
Lindsey/GPGFIN/Enron@ENRON
cc: Patti Thompson/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Sharron
Westbrook/Corp/Enron@ENRON, Shelly Jones/HOU/ECT@ECT
Subject: MPA Dinner Cruise -- Need Response

Dear UT Recruiting Team Members:

As most of you should know, we are scheduled to participate in the MPA Dinner
Cruise on Lake Austin Wednesday, August 23 at 6:30pm.  We are co-sponsoring
this event with KPMG, so our presence is EXTREMELY IMPORTANT!!!

Rick Causey will be unable to attend as he has been chosen for jury duty!!! I
have also had a few participants notify me that they will be unable to attend.

With this in mind, I am hoping that you will make yourself available to
participate in this event.

Please respond via e-mail or give me a call (3-4585) and let me know if you
will be able to represent Enron at this event.  I will then give you the
logistics for the event.  It is scheduled to begin at 6:30, so we are
expected to arrive between 6:00 and 6:15.

Please let me know ASAP if you will be able to help.

Thank you!

Lexi Elliott
Analyst Recruiter
713-853-4585


I have a meeting at 1:15, I assume in my office, with some Houston folks.
The topic a potential purchase of
Westcoast.  I would like both of you to attend.


Yes, Global agrees.

From: Stephanie Sever/ENRON@enronXgate on 04/24/2001 04:17 PM
To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen
Lambert/HOU/ECT@ECT
cc: Lisa Lees/ENRON@enronXgate, Tom Moran/ENRON@enronXgate
Subject: FW: Purity Ethane and Propane option Approvals - 2 product types

Tana/Kelly/Karen:

The product long descriptions below will fall under four new product types:
  US Propane Fin Opt Call
  US Propane Fin Opt Put
  US PurityEthane Fin Opt Call
  US PurityEthane Fin Opt Put

Credit (Tom Moran) has approved copying the profiles for the new product type
from the following:

  US Propane Fin Swap

Please respond no later than 10 a.m. on Wednesday, April 25.

Thank you.

 -----Original Message-----
From:  Lozano, Melba
Sent: Monday, April 23, 2001 3:22 PM
To: Taylor, Mark; Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran,
Tom; Swinney, John
Cc: Hunter, Larry Joe; Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert,
Karen; Lombardi, Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Cass,
Robert B.; Meredith, Kevin; Walker, Chris; Jackson, Lee; Gockerman, Matthew F.
Subject: Purity Ethane and Propane option Approvals - 2 product types

Your review and approval of the following product types in the EOL
Datamanager is needed (for directions on approval , please see steps for
approval at the bottom of this e-mail). If you have any questions please call
me at ext. 58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

Trader: Lee Jackson

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

STEPS FOR APPROVAL:

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


---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/28/2000
05:49 PM ---------------------------

"hollyw" <hollyw@email.msn.com> on 11/28/2000 04:37:27 PM
To: "Steph" <Stephmccue1@hotmail.com>, "Steph and MO" <headbergms1@home.com>,
"Sheri Thomas" <Sheri.Thomas@enron.com>, "Rick Couvillon"
<julierickcouv@hotmail.com>, "Raymond Paterson" <ray_paterson@hotmail.com>,
"Pete Weidler" <pweidle@enron.com>, "Nicol, Gary" <nicolg@bp.com>, "Matt
Frazier" <fraz2girls@ev1.net>, <KSowada@aol.com>, "Kristi Henness"
<khenne@coair.com>, "KRISTI GIRON" <KRISTI.GIRON@cfisd.net>, "JoJo"
<jhenness@webtv.net>, "John Schmitz" <jschm@telxon.com>, "Jim Miller"
<jraggie1@pdq.net>, "Jim Henness \(E-mail\)" <jhennes@c2i2.com>, "Janine
Gregor" <janine.gregor@talk21.com>, "Diego Gotthelf"
<dygotthelf@hotmail.com>, "Debbie Hall" <gmind@icsi.net>, "Darron C Giron"
<Darron.C.Giron@enron.com>, "Ben & Phyllis Tobias"
<benandphyllistobias@compuserve.com>
cc:
Subject: Fw: An Early Xmas

ummm, gross.

----- Original Message -----
From: "Warren, Stacy" <swarre02@coair.com>
To: "Ugly Boo (E-mail)" <hollyw@email.msn.com>; "Wanda Harding (E-mail)"
<wharding@redsky.com>; "Mom&Dad(Lake) (E-mail)" <rjones@mcia.com>; "Rella
Snetsinger (E-mail)" <rella13@zebra.net>; "Rochelle Smith (E-mail)"
<rochelle@waterengineers.com>; "Todd Kelly (E-mail)" <mtoddkelly@yahoo.com>
Sent: Tuesday, November 28, 2000 4:06 PM
Subject: FW: An Early Xmas

>
>
> -----Original Message-----
> From: Pete Ranshaw [mailto:pranshaw@ssusa.cc]
> Sent: Sunday, November 26, 2000 12:35 PM
> To: MARY JANE ADAMS; GreenEyes4949@aol.com
> Subject: FW: An Early Xmas
>
>
>
>
> -----Original Message-----
> From: Ben Orr [mailto:bforr@ssusa.cc]
> Sent: Wednesday, November 22, 2000 11:07 AM
> To: Judy Camp; Todd Conger; Alice DeBuhr; Jim Faughn; Jeff Hartgrove;
> Kimbra KRAFFT; Mary Mosely; Tracey Shappro; Tamara Siler; Laurie
> Stoneham; David Talton; Randall Taylor; Tom Tompkins; Henry Trevino;
> Frances & Jeff White; Scott Woodard; Susan Yawn; Todd Klawitter; Tiffany
> Estes; Karla Foley; Junior Hernandez; George King; Mark Lyons; Roxanna
> Pate; Pete Ranshaw; Julie Thompson; Doug Tomamichel; Lisa Vines
> Subject: An Early Xmas
>
>
>
>
>
>
>
>
> (See attached file: X-masGif.jpg)
>
>
>
>

 - X-masGif.jpg


SK - I put it on your schedule as an FYI.  mm

Our 2nd group meeting is scheduled for Tuesday, February 8, from 9:00 - 11:00
am Central Standard Time.  Each subgroup will discuss their progress.
See the attached file for subgroup tasks and membership.  Also below is the
most up-to-date team roster.

Details for the Feb 8 meeting will be provided later.  Thank you!


Start Date: 1/11/02; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011115.txt


Here is the info from AA.  Talk to you at 4.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/10/2000
11:17 AM ---------------------------

	From:  Drew Fossum                           12/17/99 01:08 PM

To: Maria Pavlou/ET&S/Enron@ENRON, Charlie Graham/ET&S/Enron@ENRON, Michel
Nelson/ET&S/Enron@ENRON
cc: George Fastuca/ET&S/Enron@ENRON, Bob Chandler/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON

Subject: TW Compression Services Agreement

Interesting.  I'll work with MKM and Maria on getting answers to AA's
questions and comments.  I think we can eliminate the specific cross
references between the two agreements, but is that the real problem or is AA
going to choke on our execution of both agreements with the same party?
(that's a tough one to wire around, if it is their real concern).  Thanks.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/17/99 01:03
PM ---------------------------

Heather Mueck
12/17/99 09:32 AM
To: George Fastuca/ET&S/Enron@ENRON
cc: Stanley Farmer/AA/Corp/Enron@Enron, Bob Chandler/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Roger Willard/AA/Corp/Enron@Enron, Drew
Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON

Subject: TW Compression Services Agreement

George -

Stan asked that I forward our comments on to you regarding the TW Compression
Services Agreement and the Purchase and Sale Agreement.  If you would like to
discuss, we will be available early next week.  Thanks.

---------------------- Forwarded by Heather Mueck/AA/Corp/Enron on 12/17/99
09:24 AM ---------------------------

Stanley Farmer
11/29/99 12:44 PM
To: Heather Mueck/AA/Corp/Enron@Enron
cc:
Subject: TW Compression Services Agreement

---------------------- Forwarded by Stanley Farmer/AA/Corp/Enron on 11/29/99
12:43 PM ---------------------------

George Fastuca
11/24/99 09:06 AM
To: Stanley Farmer/AA/Corp/Enron@Enron
cc: Bob Chandler/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Roger
Willard/AA/Corp/Enron@Enron, Drew Fossum/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON
Subject: TW Compression Services Agreement

Stan, attached is the latest draft of the compression services agreement
related to the TW compression monetization effort. Since you've reviewed it
last, nothing material has changed as you can see from the red-lined version.
We would like to file for regulatory approval soon. Pls let me know if you
have any questions - thanks.

 I'll send the updated PSA agreement in a separate Email.

---------------------- Forwarded by George Fastuca/ET&S/Enron on 11/24/99
08:58 AM ---------------------------

Maria Pavlou
11/19/99 10:57 AM
To: George Fastuca/ET&S/Enron@ENRON
cc:

Subject: TW Compression Services Agreement

In case you didn't have this old message.  Below is the latest draft of the
Services Agreement.  I will also reforward to you the latest drafts/exhibits
of the Purchase and Sale Agreement.  Thanks, Maria
---------------------- Forwarded by Maria Pavlou/ET&S/Enron on 11/19/99 10:56
AM ---------------------------

Maria Pavlou
11/05/99 04:33 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, George
Fastuca/ET&S/Enron@ENRON, Michel Nelson/ET&S/Enron@ENRON, Charlie
Graham/ET&S/Enron@ENRON
cc: Kim Wilkie/ET&S/Enron@ENRON, Donald Vignaroli/ET&S/Enron@ENRON

Subject: TW Compression Services Agreement

Attached is a revised redlined draft of the above-referenced  Agreement which
incorporates comments from regulatory and Mike Bryant with V&E.  We have
added a new Appendix 1 to cover the Assets subject to this Agreement rather
than refer to the Exhibit in the Purchase and Sale, as well as an exclusivity
provision regarding use of the Assets.  We've also added a reference to the
arbitration section in the event the oversight committee cannot agree to
changes necessary or desirable to the assets.


----- Forwarded by Jeff Dasovich/NA/Enron on 04/24/2001 01:45 PM -----

	Robert C Williams/ENRON@enronXgate
	04/24/2001 08:47 AM

		 To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, mday@gmssr.com@SMTP@enronXgate, Jeff
Dasovich/NA/Enron@Enron
		 cc: Wanda Curry/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
		 Subject: FW: DA Account Balances

As you can see from below, I don't see how we can support the PE Advice
Letter.  We reserved our right to oppose it in the stip.  I think we should
clarify that SCE will acknowledge our full claim ($124 million) without any
offset in exchange for our cooperation with the MOU.

 -----Original Message-----
From:  Megan.Scott-Kakures@sce.com@ENRON
[mailto:IMCEANOTES-Megan+2EScott-Kakures+40sce+2Ecom+40ENRON@ENRON.com]
Sent: Monday, April 23, 2001 2:52 PM
To: Williams, Robert C.
Cc: Jennifer.Tsao@sce.com
Subject: DA Account Balances

Attached is our record of credit balances for Enron DA accounts, as of
April 20.  The $84 million or so I referenced this morning is our
calculation of what SCE owed through 1/18.  If the PE credit methodology is
approved and applied back to January 19, then Enron would be rebilled for
$68 million (for transmission and distribution charges), which offset
against the earlier credit and the credit calculated for 1/19 - 4/20,
reduces the total credit owed to $62 million.

As we discussed, Jenny is more familiar than I with the details of the
credits and will call you back with someone from our Billing/Credit group
who is even more familiar.

(See attached file: Enron PX Credits as of 4-20-01.xls)
 - Enron PX Credits as of 4-20-01.xls


Bryson?


You will have several opportunities in the next few days to see a taped
interview with Jeff Skilling on The Players segment of "Business Unusual," a
program that captures the insights of the world's prominent corporate
leaders.  "Business Unusual" will appear on CNN networks in select regions
around the globe.  Jeff will discuss why Enron is destined to be the world's
leading company, developing a culture that rewards change, the principles of
a "loose/tight" organization and more.

Broadcast Schedule:

CNN
Saturday, May 19
11:30 a.m. Pacific Standard Time

Sunday, May 20
5:30 Central Standard Time (a.m. and p.m.)

CNNfn
Monday through Friday, May 21-25
7 p.m. and 10:30 p.m. Central Standard Time

CNN International
Europe:
Saturday, May 19,  1130 CET
Sunday, May 20,  1930 CET

Asia:
Saturday, May 19,  1030 HK

Latin America:
Saturday, May 19,  930 BA
Sunday, May 20,  1030 BA


you get in to see whalley?

 -----Original Message-----
From: 	Mellencamp, Lisa
Sent:	Wednesday, November 07, 2001 11:08 AM
To:	'jklauber@llgm.com'
Cc:	Tribolet, Michael; Curry, Wanda; Dasovich, Jeff; Steffes, James D.
Subject:	pg&e term sheet

i talked to david fleisig at pg&e last night. he begged for simple term sheet that could be flushed out in definitive documentation.
would you add the following for people to comment on in the term sheet:
we will oppose the assessment of an underscheduling penalty at the ferc.
they will oppose the assessment of any surcharge to da customers by the cpuc for any of their undercollections.
we will both cooperate to either get ferc alj approval of the settlement or if we waive this requirement in our discretion (e.g. if some holdup there/we want to close fast), they will immediately pay to us any refund that we end up paying that goes to them.


Sam,

Yes, I will contribute.

Vince

	Enron North America Corp.

	From:  William Smith @ ENRON                           05/04/2001 08:39 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Kaminsky Column

Vince,

I hope your day is going well.  We seem to have temporarily run out of new
people to feature.  Would you mind doing a Kaminski Column for Monday?  I
think that in the future, I would like to feature Tanya's daughter Sofya, and
also perhaps see if we can cover some people in our offices overseas.  If
they can produce the photographs over there, it should be workable.

Until then, would you like to contribute?

Thank You!

Sam


Dear Mr. McBride,

Thank you for the invitation.  Your e-mail doesn't indicate what date you
will be meeting with Mr. Carter; however, Mr. Skilling is traveling and will
be out of the office until Thursday, March 29.  Therefore, on behalf of Mr.
Skilling, I am declining his attendance.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

"Kenny McBride" <mcbride@fms2000.com> on 03/12/2001 11:57:44 AM
To: <Jeff.skilling@enron.com>
cc:

Subject: Financial Market Solutions

Dera Mr. Skilling,

Just a short e-mail to invite you to a meeting that I will be having with
Carl Carter in your on-line development team at 1.00pm on the 27th floor in
your offices located at 1400 Smith.

Financial Market Solutions (FMS) is a leading financial software company
located in Bellevue, Washington. The company is dedicated to the development
and implementation of Internet-based trading solutions for institutions in
the global financial marketplace.  The central component of all FMS
solutions is the Universal Trading Platform (UTP), which is a dynamic
web-based platform that enables unlimited numbers of simultaneous users to
access the system and execute trades on a fully automated basis. This basic
premise distinguishes FMS from other solution providers and gives our
clients the ability to more effectively manage the liquidity of multiple
users, trading over the Internet on a single platform. The UTP has been
fully developed as a complete Foreign Exchange dealing system, however, the
same platform can be used for transactions in any tradable financial
instrument.

FMS has employed a team of expert software designers and technicians as well
as experienced professionals from the financial markets, who together have
designed and developed the UTP to transform the way the FX product is
delivered to end-users. The platform is equally suited to the needs of large
institutional users as well as retail investors. The FMS system, using the
latest technology, is the most advanced on-line trading system available
today and will likely shape the FX business model of the future.

We have made some majorprogress over the last 15 months and are poised to
announce some key relationships that will have a mojor impact in the FX
industry.

I understand that you are very busy, and that this invitation is unsolicited
but as they say nothing ventured nothing gained.

Kind Regards,

Kenny McBride
V.P. Marketing
Financial Markets Solutions, Inc.
2820 Northup Way, Suite #201
Bellevue, WA  98004
U.S.A.
Office: 1-425-827-1262
Fax:    1-425-827-3432
Cell:   1-425-941-3725


FYI.  The email below changes things for years 4 & 5 because we would need to have gas for the summer months.

Charlie - please proceed with getting the pricing as we talked about, but also try to get pricing for more of a firm service (instead of best efforts) for Summer '05 and '06.  What is the gas availability outlook for this time period?

Thanks.

- nh

---------------------- Forwarded by Nick Hiemstra/HOU/ECT on 05/09/2001 09:49 AM ---------------------------

Fred Mitro
05/09/2001 09:33 AM
To:	Nick Hiemstra/HOU/ECT@ECT
cc:
Subject:	Midway gas supply

Nick:

I wanted to check with you on one issue on the Midway pricing request currently at the desk.

The interruptible provision should be for the following profile:

	Years 1, 2, & 3	1,000 hours per year
	Years 4 &5	500 hours per year

This is the profile of allowed oil back-up operation under the project's air permit.

Is this profile consistent with the pricing request we discussed with Charlie yesterday afternoon?

Let me know.  I wanted to check this before they give us pricing back.

Fred

<Embedded StdOleLink>


Who, if anyone, would like to attend?
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 11/27/2000
04:03 PM ---------------------------

"Delaney Hunter" <dhunter@smithandkempton.com> on 11/16/2000 05:27:46 PM

Please respond to <dhunter@smithandkempton.com>

To:   "Aaron Thomas (E-mail)" <athomas@newenergy.com>, "'Allan Lippincott'"
<alippin@mail.arco.com>, "Ann Cohn (E-mail)" <cohnap@sce.com>, "'Ann
Watson'" <anw@cpuc.ca.gov>, "Anna Ferrera (E-mail)"
<Anna.Ferrera@SEN.CA.GOV>, "'Art Carter'" <debinorton@aol.com>,
"'assistant for John Fielder'" <moravekj@sce.com>, "Audra Hartmann
(E-mail)" <ath@cpuc.ca.gov>, "Barbara Barkovich (E-mail)"
<brbarkovich@earthlink.net>, "'Becky Kilbourne'"
<bakilbourne@calpx.com>, "Bill Booth (E-mail)"
<wbooth@booth-law.com>, "'Bill Dombrowski'" <cra@calretailers.com>,
"Bill Keese (E-mail)" <wkeese@energy.state.ca.us>, "Bill Zobel
(E-mail)" <bzobel@mail.arco.com>, "'Bob Foster'" <fosterrg@sce.com>,
"'Bob Houston'" <houstgrp@pacbell.net>, "Carolyn McIntyre (E-mail)"
<cmcintyre@sempra.com>, "Carolyn Veal-Hunter (E-mail)"
<carolyn.veal-hunter@asm.ca.gov>, "Catherine Hackney (E-mail)"
<hacknece@sce.com>, "Charles Bacchi (E-mail)"
<charles.bacchi@asm.ca.gov>, "'Craig Brown'" <brownc@epenergy.com>,
"Dan Carroll (E-mail)" <dcarroll@dbsr.com>, "'Denice Cazalet'"
<dcazalet@apx.com>, "Dennis Price (E-mail)" <priced@epenergy.com>,
"'Denny Samuel'" <dsam@chevron.com>, "'Dominic DiMare'"
<dominic.DiMare@calchamber.com>, "Dorothy Rothrock (E-mail)"
<drothrock@cmta.net>, "'Ed Yates'" <ed@clfp.com>, "Eloy Garcia
(E-mail)" <egarcia@ka-pow.com>, "Evelyn Elsesser (E-mail)"
<eke@aelaw.com>, "Gary Heath (E-mail)" <gheath@eob.ca.gov>, "'Gordon
McDonald'" <gordon.mcdonald@pacificorp.com>, "'Jack Flanigan'"
<jackflanigan@flaniganlaw.com>, "Jack Gualco (E-mail)"
<Jackson_Gualco@gualcogroup.com>, "'Jack Stewart'"
<jstewart@cmta.net>, "'James Boyd'" <jim@resources.ca.gov>, "Jan
Smutny-Jones (E-mail)" <smutny@iepa.com>, "Jeff Dasovich (E-mail)"
<jdasovic@enron.com>, "'Jerry Jordan'" <jordan@cmua.org>, "Jim Cassie
(E-mail)" <jcassie@sempra.com>, "Jim Groniger (E-mail)"
<gronijn@texaco.com>, "Joe Lyons (E-mail)" <joseph.lyons@asm.ca.gov>,
"'Joe Ronan'" <joer@calpine.com>, "John Bridges (E-mail)"
<bridgesj@epenergy.com>, "'John Fielder'" <fieldejr@sce.com>, "John
Fistolera (E-mail)" <johnf@ncpa.com>, "'John Larrea (E-mail)'"
<jgl@cpuc.ca.gov>, "John Rozsa (E-mail)" <John.Rozsa@sen.ca.gov>,
"John White (E-mail)" <vjw@cleanpower.org>, "'Joseph Alamo'"
<jalamo@enron.com>, "Julee Malinowski-Ball (E-mail)" <jmball@ns.net>,
"'Julia Wright'" <jwright@smithandkempton.com>, "Karen Edson
(E-mail)" <kedson@ns.net>, "Karen Jarrell (E-mail)"
<kjarrell@smurfit.com>, "Karen Koyano (E-mail)" <kykoyano@calpx.com>,
"'Karen Lindh'" <karen@klindh.com>, "Karen Mills (E-mail)"
<kmills@cfbf.com>, "'Kari Harteloo'" <klc@aelaw.com>, "Kassandra
Gough (E-mail)" <kgough@calpine.com>, "'Kathy Brandenburg'"
<katherinebrandenburg@flaniganlaw.com>, "Kay Grosulak (E-mail)"
<kgrosulak@sppc.com>, "Keith McCrea (E-mail)" <kmccrea@sablaw.com>,
"Kevin Lynch (E-mail)" <Kevin.Lynch@pacifiCorp.com>, "Kevin Smith
(E-mail)" <kevins@ncpa.com>, "Kip Lipper (E-mail)"
<kip.lipper@sen.ca.gov>, "Lawrence Lingbloom (E-mail)"
<lawrence.lingbloom@sen.ca.gov>, "Lenny Goldberg (E-mail)"
<lga@mother.com>, "Louis Szablya (E-mail)" <szablyal@epenergy.com>,
"Marc Joseph (E-mail)" <mdjoseph@adamsbroadwell.com>, "Marwan Masri
(E-mail)" <mmasri@energy.state.ca.us>, "Mary McDonald (E-mail)"
<memcdonald@calpx.com>, "Michael Alcantar (E-mail)" <mpa@aelaw.com>,
"Mike Florio (E-mail)" <mflorio@turn.org>, "'Mike Kahl'"
<mikahl@ka-pow.com>, "Mona Petrochko (E-mail)" <mpetroch@enron.com>,
"Pete Conaty (E-mail)" <pcaceo@pacbell.net>, "'Phil Nails'"
<phil.nails@asm.ca.gov>, "Phil Stohr (E-mail)" <pstohr@dbsr.com>,
"Ralph Cavanagh (E-mail)" <rcavanagh@nrdc.org>, "Randy Chinn
(E-mail)" <randy.chinn@sen.ca.gov>, "Ray Thompson (E-mail)"
<ray.thompson@sen.ca.gov>, "'Rick Counihan'"
<rick.counihan@greenmountain.com>, "Robert Berry (E-mail)"
<berry@apx.com>, "Robin Larson (E-mail)" <rlarson@caiso.com>, "Sheryl
Carter (E-mail)" <scarter@nrdc.org>, "Steve Pike (E-mail)"
<pikes@epenergy.com>, "Steve Ponder (E-mail)" <steve_ponder@fpl.com>,
"Stu Wilson (E-mail)" <swilson@cmua.org>, "'Sue Mara'"
<smara@enron.com>, "Susan Reeder (E-mail)" <sreeder@sppc.com>, "Terry
Winter (E-mail)" <twinter@caiso.com>, "Thomas Dinkel (E-mail)"
<tdinkel@retx.com>, "Tim Schmelzer (E-mail)"
<Tschmelz@energy.state.ca.us>, "'Tommy Ross'" <rosst@sce.com>, "'Tony
Braun'" <braun@cmua.org>, "Victoria Schaefer (E-mail)"
<schaefvl@sce.com>
cc:

Subject:  MEETING NOTICE

The next meeting of the California Energy Solutions Group (formerly the AB
1890 Implementation Group) will be:

Friday, December 1, 2000
9:00 to 12:30
California Chamber of Commerce
1215 K Street, 14th Floor

We will be sending out an agenda forthwith. Please contact me if you have
any questions or would like to add an item to the agenda.

Thanks to all of you who attended this year's retreat. It was a great
success because of your participation.

Thanks again,
Delaney


charset="iso-8859-1"
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[IMAGE]
++++++++++++++++++++++++++++++++++++++++++++++++++++
The e-mail address you are signed up with is: paul.d.thomas@enron.com
To unsubscribe please click here :
http://regman.freeze.com/mailing/remove.asp?email=paul.d.thomas@enron.com
This email is not sent unsolicited. This is a Freeze
Network mailing! You are receiving this email as a
subscriber to a Freeze Network service. This message
is sent to subscribers ONLY.
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Alan Kurzer, President
TFS Energy, LLC
680 Wahsington Blvd.
Stamford, CT  06901
203-351-1590
akurzer@tfsbrokers.com

Thanks,

-Dan
x39673


John:

I am the attorney with Enron that has been working on this matter.  I have
worked off and on with both Wolf Frenkel and Michele Zaffarano at Sun.  We
will send to you by e-mail the most recent version of the Confidentiality
Agreement that we were discussing with them.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3882A
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3393/3490


I don't think I ever had the invoices.  All I had were the statments showing the balance in the park and loans.

 -----Original Message-----
From: 	Garza, Maria
Sent:	Friday, April 05, 2002 4:17 PM
To:	Germany, Chris
Subject:	Sonat Invoice

Hey again...

Do you have the Sonat invoices...if so I would like to see them.

Let me know.

Thanks
Maria


Jim,
here are the articles I found regarding offers made from Enron.  Sorry, I
placed these in your chair on Friday, and I didn't realize that you were not
in the office.

	James D Steffes@ENRON
	03/20/2001 12:02 PM

		 To: Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Summary of Supply Offers in California

Any luck on public information about offers last year?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/20/2001 12:02 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/19/2001 08:24 PM

		 To: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Harry Kingerski/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Janel Guerrero/Corp/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: Summary of Supply Offers in California

Jim:

Attached is a fairly distilled summary of the projects Enron's offered to the
utilities, DWR and the ISO over the past 9-12 months, or so.  With respect to
the power contracts offered to the IOUs, only the offers accepted by PG&E and
Edison are included---the desk doesn't keep records of offers rejected, only
offers accepted.  However, I'm fairly confident that I can dig deeper and get
more info on the other power deals offered to Edison, PG&E and SDG&E if folks
would like that information.  Just let me know. Prices are included for the
offers that had prices attached when submitted.

Best,
Jeff


Approved.  Please roll over November 1.  Please let me know if there is a problem.

 -----Original Message-----
From: 	Barnes, Caroline
Sent:	Thursday, October 25, 2001 1:42 PM
To:	Geaccone, Tracy
Cc:	Hayslett, Rod; Bryant, Marian; Saunders, James; Nightingale, Ron; Bayles, Timothy
Subject:	2002 IM Structure

Tracy, as the ETS overall planner, the Property Accounting Users Group requests that you instruct the ISC to roll over the current IM structure for 2002 for both ETS Consolidated and ETS Un-Consolidated.  This will allow for the setting up of 2002 projects (to be saved they must be attached to a 2002 Budget code)  and when the 2002 capital budget is approved, allow for the inputting of the 2002 budget.  No transfer of dollars is involved in the roll over.  This is strictly a structure roll over.

Please email Marian Bryant with the ISC the approval for the roll over and the date you would like for this to happen.  The Users group is recommending for this to be done November 1st.   If you have specific questions or concerns, please contact Marian directly, x55944.

Caroline Barnes
on behalf of the Property Accounting Users Group


This is in regard to the maintenance that you want to do at the Texoma -
Beaumont interconnect (replace some valves, I believe).

We had discussed doing this at a time when Mobil Beaumont Refinery would have
low gas takes.  That window of opportunity will be in early to mid February.

Mobil will take down some of the units at different times during the month.
Some of these units are endothermic, some are exothermic, so in some cases
their gas load goes up when they take certain units down.  But based on the
schedule of ups and downs that I've been given, it looks like their gas load
will be at a low point between February 1 and February 12, at somewhere
around 50,000/d.  Last we talked about HPL continuing to deliver 20,000/d
through the low pressure meter, and delivering the rest through Centana.  Is
this still the plan??

We met with Mobil last year in July to talk to them about what we need to
do:  that it would take less than a day, and that during that time, HPL would
deliver some of our gas to them through the Centana meter.  But that meeting
was a long time ago, and we might need to meet again - you know how
conservative

One thing of concern:  in the past two months, we have effected some of our
MidCon delivery obligation by delivering 30,000/d gas in kind to Mobil
Beaumont.  So we will not be able to do this during the day that we do our
maintenance.

Once you gents let me know what you game plan is and confirm how we'll handle
gas flows while we do our work, I'd like to be the one that initially tells
Mobil of our plans and set up the initial meeting.  It's going to take a lot
of coordination because I can guarantee you that Mobil's maintenance schedule
will change!

Lee
3.5923


I left you a couple of messages with two different assistants today for you to call - am sure that it is a busy Monday.  I will send this note so that I don't forget the purpose.  With Savita assuming the role previously played by Sheri with regard to the Product Control group, I wanted to underscore the importance of a free flow of information between the EOL team and my operations team.  One of the roles that Sheri's team fulfilled was keeping my risk and operations teams apprised of any changes within EOL that can have an impact on bridging to our legacy systems.  I may have met Savita once in passing.  I checked with Jeff Gossett and Stacey White, risk leads over gas and power, respectively, and neither one has heard of or met Savita.  Although Jennifer Denney will play an active role, I know that she will be out on maternity leave soon, so it is important for Savita to know the right players on the operations team and for them to know her.  I will contact Savita directly to make the appropriate introductions.  I just wanted your support and encouragement for Savita in making the right connections within operations.  --Sally


We thought of you last night when we took the Russian Teacake cookies from
Christmas out of the freezer and finished them.  Yum,yum.

I'm sending this from work because our computer at home is down.  The study
is empty.  We had the carpet shampooed yesterday and the new furniture is
supposed to be delivered next Tuesday.  We may put a card table in there
tomorrow so we can connect the computer again.  That is the only room, other
than the kitchen, that has a handy phone connection for the modem.  There is
one in the bedroom but it is behind the dresser!  I'm surprised at home much
I miss it.

I noticed in the WSJ this morning that Enron is going to have some
competition in on-line trading.  I'll be interested to see if the price is
affected today.  See, that is a good reason to connect that computer
tonight!

Love, Mother


Transwestern's average deliveries to California were 1079 MMBtu/d (99%), with San Juan lateral throughput at 844 MMBtu/d and Rio Puerco at 17 MMBtu/d.  Total East deliveries averaged 445 MMBtu/d.

El Paso's average deliveries to California were 2167 MMBtu/d (74%) :
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 650 MMBtu/d (57%)
- SoCalEhr, capacity 1250 MMBtu/d, deliveries of 994 MMBtu/d (80%)
- SoCalTop, capacity 539 MMBtu/d, deliveries of 523 MMBtu/d (97%)

Friday's posted Gas Daily prices:
	SoCal gas, large pkgs	  3.63
	PG&E, large pkgs	  3.105
	TW San Juan		  2.675
	TW Permian		  3.14

Enron Online bases:
		Sept		Oct		Nov-Mar
Perm-CA	 .75		  .65		  .60
SJ - CA	1.26		  .91	  	  .72
SJ-Waha	  .53		  .27		  .12
Perm-Waha	  .02	 	  .01	              .005


call me on my cell phone (415.505.6633) when you get a chance.  thx, jeff


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/12/2001
11:26 AM ---------------------------

"John D. Martin" <J_Martin@baylor.edu> on 02/07/2001 08:54:45 AM
To: vkamins@enron.com
cc:
Subject: Here's the typeset version

Vince,

Attached is a copy of the typeset version that I will be reading today.  I
will check to make sure that all the changes you gave me this weekend are
incorporated.  I will also be writing a 200 word summary for the paper
today and will pass that by you as well.

Have a great day.

john

p.s. I'll call Shirley about the revenue question I sent you yesterday.

 - 134martin-cx1.pdf

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Looks good, Mark.  Two quick questions/thoughts:
1. In 4., "following the discovery of a material defect shall terminate its
access..." Why? It probably does not hurt us if they continue to use the
site, and if it did hurt us, we would have the right to terminate the test as
per 5.  Do we want the explicit right to temporarily suspend the test,
anticipating a resumption--less harsh than termination.
2. In 2., can we add words such as "CommodityLogic and User agree that their
participation in this beta test is confidential.  The identity of the user
[may]   [may not]  be made known to the other beta users testing in this same
time period." (User to strike through undesired option.)

All the best,

Tom

 -----Original Message-----
From:  Greenberg, Mark
Sent: Tuesday, February 20, 2001 12:53 PM
To: Gros, Thomas D.; Harrison, Susan
Cc: Taylor, Mark
Subject: CL Beta Agreement

Tom/Susan -

Attached is a first draft of the Beta Agreement for the site and modules.

Please review and let me know your thoughts.

 << File: Beta Test Agreement (2-20-01).doc >>

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


The MAC clauses are attached to the ISDA Master Agreement.  I will have a
sample copy walked down to you.


Louise,

Greg is requesting Enron Net Works' 2001 Goals & Objectives (no more than 3
to 4 each) asap.

Many Thanks,

Liz Taylor x31935


Goo with Madeira sauce would be good too!

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Monday, November 06, 2000 12:17 PM
To: Craig Lindberg
Subject: RE:

Goo chili (tastes similar to rattlesnake chili)
Or how about Goo tacos -- a taste of Old Mexico.

Craig Lindberg <craigl@calpine.com> on 11/06/2000 11:58:18 AM

To:   "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject:  RE:

funny!

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Monday, November 06, 2000 11:35 AM
To: Craig Lindberg
Subject: RE:

I am a sleepy girl!

Dinner tonight:  Goo stew.

Craig Lindberg <craigl@calpine.com> on 11/06/2000 11:18:58 AM

To:   "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject:  RE:

Yes so far so good. Getting a lot done.

Craig

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Monday, November 06, 2000 11:28 AM
To: craigl@calpine.com
Subject:

Are you awake?


I have changed the name of Shell Coal Marketing  ( CP ID : 75101 )  to Anglo
Coal Marketing Ltd  as requested by Daniela de Lisi and confirmed by  Neil
Anderson - Credit .
This e-mail has been sent before The spelling (in the e-mail) of Anglo was
incorrect .

ERMS Code : SHELLCOAMAR  ( This will be remain the same )

Regards
Paul
35593


The NYISO is reserving hours beginning 16:00 and 22:00 in the January 14,
2002 Real-Time Market.

In addition, the NYISO is reserving hours beginning 9:00 and 18:00 in the
January 14, 2002 Hour-Ahead locational reserve market.

Prices in the January 15, 2002 Day-Ahead Market are correct.

Please note that Market Monitoring will no longer be reserving prices due
to ECA-B.  Code modifications were made on December 20th to incorporate
into the Real-Time price, the BME price in the presence of congestion.  The
incorporation is now an automatic process that is prescribed by the NYISO
tariffs.  This message will appear in price reservation announcements
through January 31, 2002.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm

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You are currently subscribed to nyiso_tie as: RRING@EES.ENRON.COM
To unsubscribe send a blank email to leave-nyiso_tie-628547Y@lyris.nyiso.com


Yes, I will be on the call.  Thanks very much.

	Joseph Alamo
	05/09/2001 11:34 AM

		 To: Jeff Dasovich/NA/Enron, Sandra McCubbin/NA/Enron
		 cc:
		 Subject: Conf Call

I don't know whether you both or either of you are aware of this so please
note the attached from Maureen:
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/09/2001 09:33
AM ---------------------------

Maureen McVicker
05/09/2001 07:25 AM
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Conf Call

Actually it's 11:00 am (CALIFORNIA TIME).  I'm not positive, but I think Jeff
and Sandi need to be on the call.  I thought they would both be in Sacramento
w/ Steve.  If Jeff doesn't know for sure if he is supposed to be on the call,
let me know and I will check with Steve.

Thanks.

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/09/2001
09:22 AM ---------------------------

Maureen McVicker
05/08/2001 04:48 PM
To: Emy Geraldo/Enron@EnronXGate
cc:

Subject: Tomorrow's Conf Call

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/08/2001
04:48 PM ---------------------------

Maureen McVicker
05/08/2001 04:11 PM
To: Pam Metoyer/Enron@EnronXGate, Twanda Sweet/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron
cc: Steven J Kean/NA/Enron@Enron

Subject: Tomorrow's Conf Call

Here's the information regarding tomorrow's conference call.

DATE:   Wednesday, May 9

TIME:   11:00 am (Pacific),  1:00 pm (Central)

CALL IN #:  888-422-7132

HOST CODE:  243663  (Steve Kean's use only)

PARTICIPANT
CODE:   569189

ATTENDEES: Jeff Dasovich
   Steve Kean
   Sandi McCubbin
   Richard Sanders
   Jim Steffes
   Michael Tribolet
   Greg Whalley


I think Charles plans to go to this.  Would you rather have Jose attend?  I don't think we need more than one person there.

-----Original Message-----
From: Michael Reddy [mailto:Mreddy@epsa.org]
Sent: Thursday, November 08, 2001 3:55 PM
To: acomnes@enron.com; Hawkins, Bernadette; Nersesian, Carin; Yeung,
Charles; Nicolay, Christi L.; Fulton, Donna; Steffes, James D.; Scheuer,
Janelle; Hartsoe, Joe; Shelk, John; Noske, Linda J.; Robertson, Linda;
Alvarez, Ray; Shapiro, Richard; Novosel, Sarah; Mara, Susan; Lindberg,
Susan; Hoatson, Tom
Subject: Industry Meeting Regarding the Wholesale Electricity
StandardOrganization

MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group
       NERC Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
             Bob Reilley, Power Marketers Working Group Chair
             Julie Simon, Vice President of Policy
            Mark Bennett, Senior Manager of Policy

DATE: November 8, 2001

RE: Industry Meeting Regarding the Wholesale Electricity
      Standard Organization

The Department of Energy (DOE) is sponsoring an industry wide meeting facilitated by EPSA, ELCON and the National Energy Marketers Association.  This forum will be held on December 7th, and is designed to provide an opportunity for open discussion on the organizational structure needed to represent the wholesale electric interests in the development of market-based standards and types of standards that should be addressed.  As with the previous industry-wide meetings held on standards development activities for the wholesale and retail natural gas and electric topics, the DOE has graciously offered its facilities for the meeting site.  The meeting specifics are below and a draft agenda is attached.

WHERE:	Department of Energy
	Forrestal Building
                1000 Independence Avenue, S.W.
	Washington, D.C. 20585

ROOM:	Large Auditorium, Room GE-086

WHEN:	Friday, December 7th
 	10:00 a.m.  to  5:00 p.m.

The nature of the debate should address the framework for an organization whose role would be to develop wholesale electric standards, including scope of activity, segments for each of the industry quadrants, and any additional key principles that are necessary.  As supporting information for the meeting is prepared, which would include a more detailed agenda, it will be posted on the GISB web site, (www.gisb.org) and sent out to both the Regulatory Affairs Committee and the NERC Working Group.  A draft agenda for the meeting is attached.

If you are unable to attend the meeting, or would like to provide written comments in addition to attendance, please provide them to the GISB office via email (contact:  gisb@aol.com) by December 3rd.  The work papers and comments received by December 3rd will be posted on GISB's web site (www.gisb.org) and emailed to all registered participants on December 4th.  The meeting will be transcribed and transcripts will be available for purchase.

The DOE has security procedures for visitors, so those intending to attend the meeting should notify the GISB office (contact: gisb@aol.com) by end of business Monday, December 3rd and provide the following information:

? Name of Attendee
? Company Represented
? Phone Number
? Email Address
? Fax Number
? Country of Citizenship

In addition to its normal security process, the DOE has additional security measures if should you bring in cell phones or laptop computers.  The auditorium has very limited number of power outlets for laptops, and it is advised not to bring them to the meeting.  Should you need to bring in a cell phone or a laptop, you should allow more time for a longer procedure for checking through security.   The auditorium has a seating capacity of 200, with limited standing room.  An attendance list will be provided to the DOE to facilitate the sign in procedures, and will be made available at the meeting.

Please feel free to contact Mark Bennett at 202-628-8200 if you have any questions or comments.


Currently Tuesday afternoon and Wednesday are open.  Let me know when and
where the Meeting will be.

	Karen Gruesen/ENRON@enronXgate
	04/08/2001 09:12 AM

		 To: Jim Pond/ENRON@enronXgate, Donnie Myers/NA/Enron@ENRON, Buddy
Majorwitz/HOU/ECT@ECT, Jack Simunek/HOU/ECT@ECT, Mary Poorman/NA/Enron@Enron,
Jennifer D Pattison/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT, Megan
Parker/Corp/Enron@ENRON, Dan J Hyvl/HOU/ECT@ECT, Blanca A
Lopez/ENRON@enronXgate
		 cc:
		 Subject: Processing meeting

I am scheduling a meeting to discuss Processing accounting issues and would
like to have it on Tuesday, 4/10 in the afternoon or sometime Wednesday,
4/11.  It is critical that each individual identified above be able to attend
in order to address all of the issues.  Please let me know your availability
so that I may schedule a time that everyone may attend.

Thanks for your assistance.
Karen Gruesen
ext. 36571


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After the latest discussion with Dennis, I notified Gary Weihrauch that we would need a copy of the amended Certificate of Incorporation.  He is expecting to receive this from his legal department this afternoon.  He will then fax this copy to me -- Dennis, I will walk it down to you.

Am I correct is assuming the credit clearance is handled elsewhere?

Thanks,
S.
 -----Original Message-----
From: 	Forbish, Sherry
Sent:	Tuesday, October 23, 2001 12:16 PM
To:	Lee, Dennis; Trevino, Linda; Carter, Zuela; Steele, Patricia; Brostad, Karen; Buchanan, John; Kowalke, Terry; Berger, Larry; Zadow, Raetta
Cc:	Blair, Lynn; Dietz, Rick
Subject:	Update:  TransCanada --fyi, Upcoming Name Change

We have received a letter from Gary Weihrauch advising of the name and Duns change for the above.  I will bring copies down to your desks immediately.

After your review, please advise if I need to obtain further information.  I realize time is very short to accomplish this by November 1st.  Thanks for your help.

Sherry
ext. 3-3063

 -----Original Message-----
From: 	Lee, Dennis
Sent:	Wednesday, October 03, 2001 3:10 PM
To:	Forbish, Sherry
Cc:	Blair, Lynn; Dietz, Rick
Subject:	RE: TransCanada --fyi, Upcoming Name Change

We have not yet received the appropriate paperwork.  November 1 is the EARLIEST we can make the name change assuming we receive the paperwork and we get the proper credit approval.  I understand there will also be a DUNS number change.  If this is true, we need to notify all our shippers a minimum of 5 days in advance.

We'll push the name change through as quickly as possible, but we can't do it until our ducks are in a row.

Dennis

 -----Original Message-----
From: 	Forbish, Sherry
Sent:	Wednesday, October 03, 2001 3:01 PM
To:	Blair, Jean; Bryan, Randy; Barry, Patrick; Callans, Nancy; Clapper, Karen; Washington, Kathy; Porter, Diana; Perry, Renee; Walden, Shirley; Carr, James; Vaughan, Cara; Greaney, Chris; Scurlock, Debra; Woodson, Harry; McDaniel, Janet; Adams, Jean; Linhart, Joe; Sturr, Kathy; Janzen, Randy; Benningfield, Robert; Hibbard, Scott; Forbish, Sherry
Cc:	Blair, Lynn; Zadow, Raetta; Berger, Larry; Buchanan, John; Kowalke, Terry; Spraggins, Gary; Schoolcraft, Darrell; Lee, Dennis; Trevino, Linda; Brostad, Karen; Carter, Zuela; Steele, Patricia; Corman, Shelley
Subject:	TransCanada --fyi, Upcoming Name Change

As most of you know, BP purchased the gas and power marketing division of TransCanada effective October 1st.  The legal entity and name change will go into our system November 1st.  My understanding is the appropriate documentation has already been sent to our offices.

In the event, anyone telephones them, the receptionists in their Omaha offices now answer the telephone as BP Gas & Power.  The legal name actually is BP Canada Energy Marketing Corp.  To date, it appears there have been no other changes with scheduling and accounting personnel.

Should there be any questions, please let me know -- thanks.


Ditto Credit.

	Tana Jones@ECT
	06/07/2001 08:17 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, Harry M
Collins/HOU/ECT@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Robbi
Rossi/Enron Communications@Enron Communications, John
Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron, Andrea
Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc:
		 Subject: EOL Approvals: 06-06-01

----- Forwarded by Tana Jones/HOU/ECT on 06/07/2001 08:17 AM -----

	Tom Moran/ENRON@enronXgate
	06/06/2001 06:07 PM

		 To: Karen Lambert/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Samuel
Schott/ENRON@enronXgate, Brant Reves/ENRON@enronXgate, Debbie R
Brackett/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/ENRON@enronXgate, Jana Morse/Corp/Enron@Enron, Trang
Le/ENRON@enronXgate, Paul Maley/Enron@EUEnronXGate, Sonya Clarke/LON/ECT@ECT,
Tim Davies/LON/ECT@ECT, Karen O'Day/ENRON@enronXgate, Tanya
Rohauer/ENRON@enronXgate, Kelly Lombardi/ENRON@enronXgate, Brian
Lindsay/Enron Communications@Enron Communications, EOL Call Center@ECT, Bill
D Hare/ENRON@enronXgate, Amy Heffernan/Enron Communications@Enron
Communications, Danny Clark/Enron Communications@Enron Communications,
Stephanie Panus/NA/Enron@Enron, Teresa Mandola/ENRON@enronXgate, Bill
Kyle/ENRON@enronXgate, Amber Ebow/ENRON@enronXgate, Thu Pham
Arnold/ENRON@enronXgate, Tandra Coleman/ENRON@enronXgate, Lesli
Campbell/ENRON@enronXgate, Wendi Lebrocq/ENRON@enronXgate, Mark
Taylor/HOU/ECT@ECT
		 cc:
		 Subject: EOL Approvals: 06-06-01

Please see attached

Regards,

Wendi LeBrocq
3-3835


-----------------------------------------------------------------------------
NATIONAL JOURNAL'S TECHNOLOGY DAILY AM EDITION
is now available at http://nationaljournal.com/pubs/techdaily/
-----------------------------------------------------------------------------

MORNING HIGHLIGHTS:

TAXES: The Senate cleared a two-year ban on Internet taxes, and President
Bush is expected to sign the bill.

BROADBAND: House leaders reached an agreement that is expected to move the
Tauzin-Dingell bill to the floor for a vote this year.

ANTITRUST: The Justice Department filed a brief defending the Microsoft deal.

BUSINESS: Antitrust authorities requested details on the proposed
Hewlett-Packard,
Compaq merger.

ALSO ON NATIONALJOURNAL.COM:
-- NATIONAL JOURNAL: Information As A Weapon
   http://nationaljournal.com/members/news/2001/11/1116nj1.htm

-- MARKUP REPORTS: All The Thursday Committee Action
   http://nationaljournal.com/members/markups/

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Prices should be amended down by $0.0275 not $0.275.  Otherwise it looks good
to me.  I would like to get this out to the customer today.

Brad - any other comments before we get an attorney to bless and send to HS
Resources?

From: Tana Jones on 07/24/2000 01:19 PM
To: William S Bradford/HOU/ECT@ECT
cc:
Subject: HS Resources, Inc.


Rahil & Mark

Here's the item that I'm concerned about.  Perhaps my ignorance is making me
over-zealous, but this concerns me.

Thanks

Jay

---------------------- Forwarded by James Bruce/LON/ECT on 23/03/2000 22:13
---------------------------

	From:  Donna Greif                           13/03/2000 16:30

To: James Bruce/LON/ECT@ECT
cc:

Subject: Re: EnronOnline Storage Newsticker

Jay,

The EnronOnline team gets those numbers from the weekly Newsletter
distributed the ENA Commercial Team.   Ross Prevatt is the individual who
actually puts the information together.

In talking with Ross this morning, that information is taken from a Telerate
feed  (the Telerate feeder gets the info from daily/weekly/monthly
publications).  Ross did not give me the specific companies that publish the
information.  Feel free to call Ross directly if you need additional
information.

Thanks,

dg

James Bruce   03/13/2000 04:05 AM

To: Donna Greif/HOU/ECT@ECT
cc:
Subject:

Dear Donna

(Following the voicemail that I left for you on Friday)  I was wondering if
you could tell me whether or not the US Gas Storage data & the cumulative
CDD/HDD data are taken from inside Enron only?  (I'm asking because Paul
Goddard has encouraged me to update our letters of consent for content that
we carry on the website.)

Many thanks,

Jay


Opps.  Didn't mean to leave you out!
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/10/2001 11:01
AM ---------------------------

Kay Mann
01/10/2001 10:14 AM
To: Lisa Bills/Enron@EnronXGate, Roseann Engeldorf/Corp/Enron@ENRON,
Catherine Clark/Enron@EnronXGate, Ben Jacoby/HOU/ECT@ECT, Fred
Mitro/HOU/ECT@ECT
cc:

Subject: Revised notices for CA I and CAII

I'm attaching the notices for CA I and CA II.  Please pay particular
attention to CA II, since it is the first time it has been circulated.
Obviously, we will need to insert the final purchase numbers.

Lisa, I set it up so ENA is consenting, which tracks the language in the DCMA.

Kay


Greg,

FYI. I can see further escalation in compensation for quants.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/28/2000
04:15 PM ---------------------------

Pinnamaneni Krishnarao
02/18/2000 03:04 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Problem with job offer for Puneet Mathur

Vince:
 This is regarding Puneet Mathur who we interviewed last week and decided to
make an offer to join the Retail research team. I called him to inquire about
his current compensation. His current base salary is $115,000 with a minimum
bonus of 20%. His last pay raise and bonus were in September 1999 and he is
expecting a raise and a bonus this September. The offer we would like to give
him ($85-90K base) is obviously way below his expectations. And I don't see
how we can offer him what he expects from us ($125K base - on par with mine),
as it would be placing him well above Ronnie & Osman who are definitely more
experienced and, in my view, more qualified. Let me know what to do.

Thanks,
Krishna.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2001
04:01 PM ---------------------------

	From:  Phillip K Allen                           03/14/2001 09:49 AM

To: Jacquestc@aol.com
cc:
Subject:

Here is the buyout spreadsheet again with a slight tweak in the format.  The
summary  presents the numbers as only $1400 in concessions.


Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
Bloomberg, 10/19/01

USA: UPDATE 1-Enron stock sustains further heavy losses.
Reuters English News Service, 10/19/01
Enron Corp. Cut to `Hold' at A.G. Edwards
Bloomberg, 10/19/01

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
Dow Jones Energy Service, 10/19/01
Dynegy Chief: Bandwidth Growth Won't Wait For Trading
Dow Jones Energy Service, 10/19/01
UK: Jobs in base metals down but definitely not out.
Reuters English News Service, 10/19/01
New Power Hldg Sees Meeting 3Q Loss Estimate
Dow Jones News Service, 10/19/01

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)
2001-10-19 16:24 (New York)

Enron Shares Fall on Concern Over CFO's Partnerships (Update4)

     (Updates with Chief Financial Officer Fastow didn't
immediately return a call for comment in fifth paragraph.)

     Houston, Oct. 19 (Bloomberg) -- Enron Corp.'s shares have
fallen 26 percent in the past three days on concern the biggest
energy trader's dealings with partnerships run by its chief
financial officer contributed to investment losses.

     Enron's stock dropped 10 percent today. Enron's board cost
the company at least $35 million by allowing Chief Financial
Officer Andrew Fastow to manage LJM Cayman and LJM2 Co-Investment,
partnerships that bought Enron assets, a shareholder alleged
Wednesday in a lawsuit.

     The lawsuit came the day after Enron reported $1.01 billion
in third-quarter losses from failed investments. The Wall Street
Journal reported $35 million of the losses were connected with the
two limited partnerships. Enron also reduced shareholders' equity
by $1.2 billion when it bought back 55 million shares from the
partnerships, the paper reported yesterday.

     ``It looks sleazy,'' said Roger Hamilton, a manager at John
Hancock's Value funds, which own 600,000 shares. ``If you are
someone who invests in a company's management, it's almost time to
punt with Enron.''

     Enron spokeswoman Karen Denne didn't return calls or written
requests seeking comment. Fastow didn't immediately return a
telephone call for comment.

     Fastow and a handful of associates made more than $7 million
last year in management fees and about $4 million in capital
increases on an investment of about $3 million in one of the
partnerships, the Journal reported today.

                        Buying Enron Assets

     Fastow is involved in 17 other similar companies and
partnerships that appear to have ties to Houston-based Enron,
based on filings with the Texas secretary of state.

     The foreign business corporations and limited liability
companies have directors, officers or managers whose address is
listed as 1400 Smith Street in Houston, Enron's corporate address,
according to Texas records.

     Fastow is listed as a director, officer or managing member in
each one. At least one of the companies bought and sold Enron
assets, including foreign power plants.

     Whitewing Management, which lists Fastow as its managing
member, received $807 million from the sale of Enron debt last
year.

    Under the terms of the debt sale, Whitewing is allowed to use
the proceeds to buy power plants from Enron or make other
``permitted investments.'' Whitewing has bought 14 Enron plants or
companies since 1999 and sold four.

     Enron's Denne has not responded to written requests about
Fastow's role at Whitewing or whether he used his knowledge of the
value of Enron assets to benefit outside investors or company
executives at Enron's expense.

     Shares of Enron fell $2.95 to $26.05. They have fallen
69 percent this year.

--Russell Hubbard in the Princeton newsroom, 609-750-4651 or
rhubbard2@bloomberg.net, and Jim Kennett in Houston,
(713) 353-4871 or jkennett@bloomberg.net/pjm/alp/pjm

USA: UPDATE 1-Enron stock sustains further heavy losses.

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

(New first paragraph, adds additional analyst comment)
By Andrew Kelly
HOUSTON, Oct 19 (Reuters) - Enron Corp. stock sustained further heavy losses on Friday as investor confidence in the former Wall Street favorite was rocked by reports about the company's relationship with a limited partnership that was run until recently by Enron's chief financial officer.
The energy giant's stock closed down $2.95 or 10.2 percent at $26.05 per share, making a cumulative loss of 27 percent for a week in which Enron reported a third-quarter loss of $638 million, its first quarterly loss in over four years.
Analysts said confidence was shaken by several articles in the Wall Street Journal this week alleging possible conflicts of interest on the part of Chief Financial Officer Andrew Fastow, who until recently ran a limited partnership that bought assets worth hundreds of millions of dollars from Enron.
"I don't think this thing passes the smell test," said one analyst who spoke on condition of anonymity. "I think the CFO should be out of there right now. In the interest of the stockholders, that CFO should be gone," he said.
Enron has rejected the suggestion that there was anything improper about the arrangements, but Fastow severed his ties with the LJM2 partnership earlier this year to allay concerns raised by investors and analysts about his dual responsibilities.
POOR JUDGMENT?
Analysts said that at the very least, the arrangement showed poor judgment by senior managers at Enron, which recently pledged to be more open with investors and analysts following a series of high-profile stumbles that culminated with the shock resignation of new chief executive officer Jeff Skilling in August.
"For a company that had a lot of question marks around it already, these questions about financial dealings are really worrisome for investors," said Commerzbank Securities analyst Andre Meade. "It points to poor decision-making on behalf of the board and top management at Enron," he said.
Enron, North America's biggest buyer and seller of natural gas and electricity, was one of Wall Street's high flyers last year, when its stock posted a gain of 87 percent.
The stock's ascent was driven by enthusiasm for the company's plans to build a broadband telecommunications business and the success of its EnronOnline Internet energy trading platform.
This year Enron's shares have fallen 69 percent as sentiment toward broadband and the Internet soured, Skilling resigned after only six months as CEO, and the company's Dabhol power plant project in India became mired in a payments dispute.
Moody's Investors Service said earlier this week that it had placed all of Enron's long-term debt obligations on review for a possible downgrade after Enron took $1.01 billion in write-downs and charges that substantially reduced valuations for several non-core businesses, including broadband and water services.
Some of Enron's financing arrangements require the company to maintain investment grade credit ratings.
Analysts said Enron's credibility has been severely damaged and the recent reports about the LJM2 partnership had raised concerns that more unpleasant surprises may lie ahead.
"What don't we know that went on at that company? Where's the credibility?" asked one frustrated analyst. "We don't know if it's limited to this," he said.

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

Enron Corp. Cut to `Hold' at A.G. Edwards
2001-10-19 16:27 (New York)

     Princeton, New Jersey, Oct. 19 (Bloomberg Data) -- Enron Corp. (ENE US)
was downgraded to ``hold'' from ``buy'' by analyst Michael C Heim at A.G.
Edwards & Sons Inc.

BANDWIDTH BEAT: Enron Broadband Unit Takes A Beating
By Michael Rieke

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Dow Jones Newswires Column

HOUSTON -(Dow Jones)- Early last year, Enron Corp.'s (ENE) hype and skyrocketing share price enticed a number of other energy companies into the telecommunications business.
Now investors are wondering whether Enron is leading the charge out of telecom.
The company announced Oct. 16 that its broadband unit lost $80 million before interest and taxes in the third quarter on revenue of $4 million. In the third quarter of last year, the unit lost $20 million on revenue of $162 million.
Enron also recorded a $180 million non-recurring charge for restructuring its broadband unit in the third quarter of this year. That amount included severance costs for cutting 400-500 jobs, loss on sale of inventory and the reduced value of Enron's content services.
At an analysts meeting Oct. 16, Enron Chairman and Chief Executive Ken Lay said the broadband business is "not that robust" right now. Industry revenue is low and there's substantial overcapacity in the bandwidth market, "more than even we anticipated," Lay said.
The company still has a problem finding creditworthy counterparties for bandwidth trading. Consolidation in the telecom sector has also eliminated potential trading partners.
"A year ago it looked like an excellent business to get into," he said. "Others thought so, too."
Looking back, Enron could have gotten into the broadband business with less capital, Lay said. It spent "too much too soon."
An Ominous Comparison

He compared Enron's move into telecom with its move into the water business with its Azurix unit. That comparison probably won't be good news to those who still have broadband jobs at Enron.
Azurix caused Enron to take a bigger writedown - $287 million - than broadband in the third quarter. The water business has been a bigger and longer-lasting headache than broadband.
Maybe Enron's surviving broadband employees will feel better knowing that Lay told analysts the company is exploring alternatives to preserve its play in telecom at a reasonable price so it will be ready when the business recovers.
It's trying to reduce general and administrative costs in broadband to $40 million a quarter and is on track to reach that goal next year, he said. It could cut those costs even more in order to sustain the business.
Meanwhile, the company is trying to determine which parts of the telecom business it wants to be in, he said.
Enron President and Chief Operating Officer Greg Whalley told analysts the company needs to determine how much network and hardware it needs.
At one time, they had thought that they wanted to use physical network assets as a springboard, Whalley said. Now they "wouldn't want to forever be in the network business."
Both executives mentioned the possibility of joint ventures in telecom. Lay said other companies are asking Enron to do them. Whalley said the company has talked about exchanging fiber and other assets.
The one part of the telecom business Enron still seems committed to is broadband intermediation. "Intermediation" is a term the company uses in most of its commodity businesses, said an Enron spokeswoman. It's a combination of trading and deal origination - wholesale and enterprise customers.
More Bad News Expected

Rebecca Followill, a research analyst for Howard, Weil, Labouisse, Friedrichs Inc., she had expected a larger writedown in broadband for the third quarter.
"If you look at how much the stocks of their peers in broadband have fallen, you've got to figure that their assets' values have fallen similarly," Followill told Bandwidth Beat. "I was expecting more like an 80% writedown in broadband."
Another analyst, who didn't want to be identified, said he also expects more broadband writedowns from Enron. "To the extent that they can take more writedowns, I think it would make eminently good sense to do it."
He predicted "a $200 million haircut" in the first quarter of next year because of a goodwill valuation issue.
And that might not be the end of it. Enron had a net of $948 million of broadband property, plant and equipment at the end of last year, he said. They had another $600 million of risk management asset receivables, inventories and working capital items.
Followill doesn't see much future in broadband for Enron.
"I think the business will shrink to the point where it won't be shown as a key sector in their reporting," she said.
Enron might keep a small broadband group in case the market rebounds, she said. Her investor clients don't expect broadband to contribute to Enron's earnings within the next three years.
She thinks Enron is looking for an exit strategy.
The other analyst said Enron is trying to preserve some value in broadband. "It doesn't look like there's any right now, to be honest," he said. "They'll carry the trading operation to some degree."
-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

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

Dynegy Chief: Bandwidth Growth Won't Wait For Trading
By Erwin Seba
Of DOW JONES NEWSWIRES

10/19/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Dynegy Inc. (DYN) Chairman and Chief Executive Chuck Watson understands why some think he is mistaken in believing the bandwidth sector has reached its bottom and is recovering.
But those critics don't understand his bandwidth business, Watson told Dow Jones Newswires in an exclusive interview. They don't understand how the business world has changed since the Sept. 11 terrorist attacks, he said.
In announcing third-quarter results for Dynegy Monday, Watson said the bottom in bandwidth demand was reached on Sept. 11 and that the market would begin recovery in the fourth quarter of this year.
Businesses are reassessing where to store data and how to distribute operations to avoid losing everything in a sudden catastrophic event, be it of natural or human origin. That's what's driving the recovery, he said.
Also, businesses will avoid travel, he said, relying instead on video conferencing.
Enron Corp. (ENE) Chairman Kenneth Lay said Tuesday that he hasn't seen any signs of recovery in telecom. The bandwidth market is suffering, in part, because there are few creditworthy companies to trade with, he said.
"They're trying to find trading partners for broadband," Watson said. "That's going to be tough to do." Dynegy isn't concentrating on bandwidth trading because there isn't "a realistic model" for it yet, he said. "I said two years ago it was at least two years away. I still think it's probably at least two years away, before we actually call it a trading commodity."
The metro-area infrastructure that Dynegy and other companies are building will create connections between networks, which are needed in order to trade bandwidth as a commodity, Watson said.
It's unfortunate that Enron's model for bandwidth as a traded commodity is the dominant image for the entire market, Watson said. Dynegy's model includes telecom contracts, negotiated directly with customers for long-term supply of bandwidth.
Dynegy's bandwidth trading desk is staffed by four people. For the past several months, they have been buying bandwidth for Dynegy's customers. The goal has been to build a customer base. "We're looking at being an intermediary, and really looking at the same customers that we feed energy today."
Since Dynegy lit its 16,000 route-mile network two weeks ago, the trading desk has been trying to fill the company's network instead of buying bandwidth from others. "I'm trying to find enterprises that have communication requirements," Watson said.
He pointed to ChevronTexaco Corp. (CHX) as a target for those services. "They have offices that never talked to each before," he said. "Now they've got to talk to each other. I would say that the credit quality of Chevron and Texaco is pretty reasonable."
ChevronTexaco owns about 26% of Dynegy, said a Dynegy spokesman. Dynegy and ChevronTexaco already have a large energy trading relationship which includes natural gas and gas liquids.
The average burn rate of Dynegy Global Communications, the corporation's telecommunications unit, is $20 million to $25 million a quarter, Watson said. In the third quarter, it lost $15 million, down from $20 million in the second quarter.
Dynegy predicts that Global Communications will break even or record a small loss before interest and taxes in the fourth quarter.
"If we can get to (income of) $10 million per month - that's what we need really," he said. "If we can get there by the end of next year, I'll be very happy. I think by '03, this market will have righted itself."
Watson believes telecommunications has the potential to transform Dynegy.
"Dynegy is an energy company," he said. "Our energy merchant company is doing very well and business is growing like a weed...(Telecommunications) is not our core business by any stretch right now. But I'd love to be able to tell you it's going to be. I'd love to be able to tell you it is someday."
-By Erwin Seba, Dow Jones Newswires; 713-547-9214; erwin.seba@dowjones.com

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

UK: Jobs in base metals down but definitely not out.
By Amanda Cooper

10/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Oct 18 (Reuters) - Dismal industrial demand and the fickleness of hedge funds seduced by more volatile markets have slashed London Metal Exchange members' profits over the past year and set off a gathering wave of job cuts.
The decline and fall of base metal prices in the past year and a half has prompted a series of high-profile companies to withdraw from the market, casting a pall over next week's yearly LME Week industry gathering in London.
Jobs have gone from front office to back in trading houses and banks, raising questions about the prospects for those now seeking work.
"Good people can always be placed. As long as there is a job to fill and the company has a budget to hire," Sarah Gilley of London-based recruitment group Exchange Consulting said.
"Where the situation starts to get difficult is where everyone is cutting budgets, people are not being replaced when they leave and there have been an awful lot of redundancies."
Last week, ScotiaMocatta, a subsidiary of the Bank of Nova Scotia and a key ring dealing member, unveiled its decision to give up open outcry trading on the LME floor, prompting around 25 job losses among traders, phone jockeys and clerks.
Then blue-blooded banker N.M. Rothschild & Sons closed its London and New York base metals units. It left its core precious metals business intact, but 20 base metals staff were laid off in the process.
In the same week, the LME's largest floor trader, Enron Metals, said it planned to cut 10 to 20 percent of its metals staff as part of an exercise to cut 250 to 500 jobs in the Enron Group .
SECURITY
With three big market players and several major banks with commodities divisions slashing jobs at the same time, competition in the labour market will intensify and those in work are becoming wary about job security.
"What we're finding at the moment is that there is still demand for traders with a track record, which is possibly increasing because people are nervous about their jobs and so they're keen to stay put," Gilley said.
"So whereas someone who might be a big money-spinner with a track record would have previously stayed in their job for two to three years, they are now staying for three to five years.
"They probably feel that they're reasonably safe where they are, they're well recognised and not going to stick their necks out," she said.
BONUS FEARS
October has never traditionally been a strong month for the the jobs market in base metals as players are often distracted by LME week functions and conferences
Also, traders tend to be looking towards their annual performance-linked bonuses, which are usually announced at the end of the year.
"Those who are in work at the moment are sticking. Often at this time of year, people are hanging on for their bonuses. But I don't think any of them are anticipating good bonuses. They're probably just happy to have a job," Sian Griffiths of Exchange Consulting said.
LME volumes traded have been fallen over the past 18 months as the powerful hedge funds that once took a shine to the metals swarmed into areas such as hi-tech and telecomms stocks.
Metals traders who handled the large volume of fund activity have begun to focus again on moree traditional clients, and this may yet prove a boon for the jobs market.
Companies are seeking to fill a shortage of staff schooled in the traditional practices of trading physical metal.
"A lot of companies who had sidelined the traditional physical business are now re-aligning their focus and need poeple who understand the physical market and know how to set up a hedge and manage it, " Gilley said.
"The other area where demand has markedly increased in comparison to a few years ago is marketing," she added.
As for morale in the industry, individuals' confidence in their future is seemingly undimmed.
"Just because I've lost my job doesn't mean I'm going to sell my Porsche," one trader said.

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

New Power Hldg Sees Meeting 3Q Loss Estimate

10/19/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

PURCHASE, N.Y. -(Dow Jones)- New Power Holding Inc. (NPW) expects to meet its prior third quarter loss estimates; and said it has revised an agreement with Enron Corp. (ENE), lowering the collateral New Power must post under a master netting agreement.
In a press release Friday, New Power said the amendment to the Enron pact and cost-cutting efforts will allow the company to continue to conduct business until it secures ongoing asset-backed financing.
The company reiterated its earlier expectations of a third quarter loss of $65 million to $70 million, or $1.12 to $1.20 a share.
Analysts put the company's third quarter loss at $1.16 a share, according to Thomson Financial/First Call.
Third quarter revenue will be "slightly lower" than the $60 million to $65 million forecast in August, New Power said.

In the year-ago third quarter New Power lost $1.23 a share on revenue of $18.19 million.
The amendment to the master netting agreement with Enron North America Corp., Enron Energy Services Inc. and Enron Power Marketing Inc. affects the master cross-product netting, setoff, and security agreement, and expands through Jan. 4 the types of collateral that New Power is permitted to post to the Enron units.
Under the amended pact, the first $70 million of posted collateral must be in the form of cash, while amounts in excess of $70 million may consist of not more than $40 million of eligible receivables and inventory of New Power, valued at discounts specified in the amendment, and subject to a $25 million limit for October 2001.
Shares of New Power traded recently on the New York Stock Exchange at $1.67, up 1 cent, or 0.6%, on early composite volume of 7,900 shares. Average daily volume is 223,800 shares.
-Bill Platt; Dow Jones Newswires; 201-938-5400

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


Thanks Mitch.  I have 18 month old twins who could care less about my distractions.  They are my stress outlet now.  Happy Thanksgiving.

 -----Original Message-----
From: 	Meyer, Mitch
Sent:	Tuesday, November 20, 2001 11:17 AM
To:	Horton, Stanley
Subject:	FW: Thanksgiving Holiday

 -----Original Message-----
From: 	Meyer, Mitch
Sent:	Tuesday, November 20, 2001 10:48 AM
To:	'Stan Horton.@ENRON'
Subject:	RE: Thanksgiving Holiday

Thanks for the note Stan.  It is nice to know that with all of the distractions within our company lately you still recognize the things we should be thankful for.  I know you have your hands full with the current situation, but I hope you take time to enjoy the holidays with your family and friends as well.

Sincerely,
Mitch Meyer

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Stan Horton.@ENRON
Sent:	Monday, November 19, 2001 8:45 PM
To:	Enron Global Services - US@ENRON
Subject:	Thanksgiving Holiday

As we approach the Thanksgiving Holiday, I want to take this opportunity to wish you and yours a safe and happy Holiday.
With the recent events in our nation, giving thanks this year has taken on a whole new meaning.  This Thanksgiving we honor the brave, enduring heroes who gave their lives as well as those who are abroad fighting for freedom. We can be thankful for our great nation and for the world coming together.
I recognize that here at Enron we are working through some challenging times and that everyone in the organization is working hard.  Thank you for your continued dedication.
Please take some time over the Holiday to enjoy your family and friends.
Happy Thanksgiving.
Stan


Hello.  We were wondering if the DOT report has been issued.  Please let us
know where we may be able to access this report when it becomes available.

Sincerely,

Mike Grigsby
West Trading


Just FYI.  We can discuss when I return.

Have a Happy Thanksgiving!!!!!!

Gngr

-----Original Message-----
From: Hudson, Coleman
Sent: Mon 11/19/2001 8:10 AM
To: Dernehl, Ginger
Cc:
Subject: Meeting for December

Hi Ginger,

I have been working on what I can do for you if you have to cancel your
meeting in December. If you have to cancel, I will have to bill you for 100%
of the amount due. Once payment is received, I will credit 50% of that
revenue to a deposit for a future program to be held within the first
quarter of 2002. The revenue credit must be used by 03/31/2002 or it will be
lost.

I will call you later this morning to discuss.

Thanks,

Coleman

Coleman Hudson
Sales Manager
The Woodlands Resort & Conference Center
281-364-6399 Direct
281-364-6299 Fax
colemanh@the-woodlands.net <<mailto:colemanh@the-woodlands.net>>
www.woodlandsresort.com <<http://www.woodlandsresort.com>>


Here they are....
001: L to R 14" H, 9" H, 14" H
002: 10" H , 13"H, 14" H
003: 12"H
Let us know what you think, Kim
 - 100-0001_IMG_6.JPG
 - 100-0002_IMG_6.JPG
 - 100-0003_IMG_5.JPG


Did this get any press? If so,send me any articles you may have.

-----Original Message-----
From: Dasovich, Jeff
Sent: Monday, August 20, 2001 2:03 PM
To: Sanders, Richard B.
Subject: FW: Press Conference

FYI.

-----Original Message-----
From: Scott Govenar [mailto:sgovenar@govadv.com]
Sent: Monday, August 20, 2001 2:06 PM
To: Sharma, Ban; Leboe, David; Eric Letke; Thome, Jennifer; Ken Smith;
Bev Hansen; Hedy Govenar; Buster, Miyung; Guerrero, Janel; Robert Frank;
Mike Day; Lawner, Leslie; Kingerski, Harry; Karen Denne; Kean, Steven
J.; Alan Comnes; Susan J Mara; Kaufman, Paul; Jeff Dasovich; Steffes,
James D.; Rick Shapiro
Subject: Press Conference

Senator Ray Haynes (R) held a press conference this morning to discuss a
report his office produced regarding municipal utility energy charges.
Twelve reporters attended the press conference.  According to Senator
Haynes, none of municipal utilities provided him with documentation or
assistance with his report.  Senator Haynes delivered the report to Senator
Dunn and has requested that he open an investigation into municipal utility
practices.  He also expressed continued disappointment over the Senate's
unwillingness to adopt his legislative amendment which would establish a
windfall profit's tax for municipal utilities.

Senator Haynes referenced Enron several times by comparing Enron's rates to
those rates charged by LADWP and SMUD.

In developing the report, Senator Haynes' office did not analyze peak versus
off peak energy prices, what percentage of power was being sold by municipal
utilities, or, what the cost for producing or procuring power was for the
municipal utilities.  These items were raised by a reporter.  After the
press conference, reporters met privately with SMUD and other municipal
utilities who defended their actions and refuted Senator Haynes' claims.

I was able to obtain one copy of the report and will FedEx it to Karen in
Houston.


most up to date one - with Molly & Jermey on it
---------------------- Forwarded by Barry Pearce/LON/ECT on 27/04/2000 15:26
---------------------------

Barry Pearce
27/04/2000 15:22
To: Jim Fallon/HOU/ECT@ECT
cc:

Subject:


Thank-you!  I am very much aware that he is sensitive to people looking at
this report.
Ben