In connection with the finalization of the Assignment Documentation for
transferring equipment to DevCo, please see the attached.  Please note
that I have not received copies of the "Fountain Valley" contracts
referenced in the attached chart.

Regards,

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

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

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

 <<DevCo Equipment Purchase Agreement Chart.DOC>>
 - DevCo Equipment Purchase Agreement Chart.DOC


---------------------- Forwarded by Don Miller/HOU/ECT on 10/29/2000 03:37 PM
---------------------------

Don Miller
10/29/2000 02:26 PM
To: Mitch Robinson/Corp/Enron@Enron, Ross Newlin/HOU/EES@EES, Mike J
Miller/HOU/ECT@ECT, Chris Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris
Meyer/HOU/ECT@ECT, David Marshall/HOU/ECT@ECT, Gus Eghneim/Corp/Enron@Enron,
Dave Kellermeyer/HOU/ECT@ECT, Pete
McCormick/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stuart Zisman/HOU/ECT@ECT
cc:
Subject: Peakers Management Briefing -- Part II

Attached is an email form Duke outlining the topics for Monday's 1:30 pm
call. Please review the attached email and compare to the group my email went
to.  If I left someone off, please forward to them and invite to call.

 We will be meeting in 3321 for the call.

Thanks again for your continued assistance with this transaction.  Please
call me if you have any questions.

Thanks,

Don
3-0492
---------------------- Forwarded by Don Miller/HOU/ECT on 10/29/2000 03:18 PM
---------------------------

jpsynnott@duke-energy.com on 10/29/2000 12:35:54 PM
To: don.miller@enron.com
cc: mhhurtado@duke-energy.com
Subject: Peakers Management Briefing -- Part II

Don:

To confirm that we have scheduled a nominal two hour call on Monday (10/30)
at 1:30 CST to warp up the Peaker operational due diligence.  Duke has
arranged for a call in number  800/473-8492.  The conference host is Joe
Synnott.

Our focus on this call will be to review the status of our outstanding
requests and open questions.  An example of the former category are the
inspection reports at Gleason and the gas questions.  In the latter
category we still have some confusion about the units actual vs. guaranteed
performance data, status of the warranty items, historic transmission
performance, and relationship between the facility operations team and the
asset management function in Houston.    In addition our insurance staff
will be participating and will have some questions about the casualty loss
histories at the facilities.

Organizationally: please make available people on your team knowledgeable
in the operation and asset management of the facilities.  I would suggest
Ross, the plant managers, Mitch, and your environmental team.

Any questions, please don't hesitate to give me a call at 713-627-6579.


Here's an editorial that gets to the heart of the matter.

Tuesday, July 10, 2001        Ghost of Bob Citron roaming halls of capitol  Gray Davis is following footsteps of former O.C. treasurer into fiscal chaos     JOHN M.W. MOORLACH  Mr. Moorlach is the Orange County treasurer-tax collector.   A recent L.A. Times poll found that Californians still remain unconvinced that our state suffers from a shortage of energy. Perhaps the state's subsidizing of the actual costs for electricity these past five months has caused us to believe that everything is fine. It is not.  The state has been spending an average of $57 million, a medium-sized city's annual budget, per day for electricity. Now California is headed toward the same financial catastrophe that was imposed on its shareholder-owned utilities, finding one of them in Chapter 11 bankruptcy and another on the precipice. At this pace, it will not be long before the state will be staring a Chapter 9 bankruptcy filing in the face.  That's why I'm gnawed by this "d?j? vu" sensation. The similarities and parallels between California of 2001 and Orange County of 1994 are frightening. Here's a refresher. In 1994 the county, through former Treasurer Robert Citron, was borrowing at variable rates and investing at fixed rates. The "experts" and the "politicos" were comfortable with the investment scheme.  No wonder the electorate was convinced that there were no investing improprieties. Even while their former treasurer was very secretive about how he was investing and what his "exit strategy" would be. Guess what? The unexpected happened. Short-term borrowing rates doubled. The cost of borrowing suddenly exceeded the revenues being generated.  It caused the investment pool to implode and Orange County taxpayers realized a $1.64 billion loss. In spite of pleas to avoid or minimize this train wreck the county's leadership, he ignored it. The rest is history. In a half-pregnant deregulation scheme, the state capped the retail price that the utilities can charge. It also eliminated the availability to acquire electricity through the use of long-term contracts.  Guess what? The unexpected happened. The wholesale price for electricity spiked dramatically above the inflexible retail price cap. It depleted the available funds for the utilities, and then some, and they are imploding. In spite of pleas from the utilities imploring Gov. Gray Davis to avoid or minimize this train wreck, he ignored them. The rest is also history.  It gets worse. Davis doesn't allow for the immediate raising of retail rates and decides to have the state secretly purchase electricity. Guess what? The expected happened. He depleted our budget surplus! Our reserves! Nearly $9 billion - and counting! He's a Citron, only quintupled!  And in the light of day, the secret purchases were not attractively priced and only compound this financial nightmare. Gov. Davis has done what no Libertarian or Republican could ever dream of doing in such a short time. He has returned the budget surplus created by taxpayers to the residents of California by subsidizing their electricity bills.  Bravo! It may not be the most equitable way of refunding taxes, but has anyone ever thought up a more efficient method? But, that's not all. He wants it back! Davis now wants to borrow some $13 billion to replace the spent reserves and purchase even more electricity at rates in excess of the retail prices! When does this train wreck in slow motion stop?  And how do we pay off these bonds? Davis did not want to raise rates last summer or this past winter. But now he will to pay off this historically largest municipal bond offering with a significant utility rate increase. The ratepayers will be reminded for 10 years after Davis is gone about his expensive brilliance. And this elected official wants to purchase the power grids and bureaucratically manage the utilities? I say "no."  If we don't show some leadership in Sacramento soon, potential bond buyers will also say "no," unless they receive an attractive interest rate. Just ask Edison International about attractive interest rates. It just subscribed $800 million in bonds paying 14 percent. Tragically, Gov. Davis walked into his position with an existing budget surplus and now has no tangible legacy to show for it. No reserves. No improved highways. No new schools. No infrastructure improvements. Only interest payments.  Wasn't that Citron's legacy? If amortized over 10 years at 6 percent, the citizens of California will pay an additional $4.4 billion in interest costs. Over 15 years it's $6.7 billion. And therein lies the true legacy of Davis, squandering the entire budget surplus that he inherited on interest resulting from his indecisiveness and lack of leadership!  It is so tragic that the perpetrator of this colossal mess is still in denial and continues to play the "blame game." Orange County played the "blame game," too. But it had obvious perpetrators and succeeded in a court of law in securing a significant amount in retribution payments. I'm not so sure California will have a similar result.


You may get a few pointed questions about today's article about Lay's potential severance of $80MM.  Vance Meyer from PR was saying they've been briefing executives who're having floor meetings and I told him you and Lavo were having one later today too.

- R


_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

One minor follow-up question: the stormwater permit for LV Cogen at
Dealbench expired on May 14, 1998 (see 6.2.3).  The Notice of Intent to
continue coverage is dated May 4, 2000 (see 6.2.3.1).  Was there coverage
under a stormwater permit between 1998 and 2000?  Thanks.

"Heckler, James" <james.heckler@csfb.com> on 10/30/2000 09:16:15 PM
Extension:

To:   "'jkmurphy@JonesDay.com'" <jkmurphy@JonesDay.com>
cc:   "'ron.coker@enron.com'" <ron.coker@enron.com>
Subject:  REQUESTED INFO FOR LV COGEN I AND II

Jane,

IRT to your question of 10/25/00

1: The annual audit of the CEM system is on Deal Bench in document
14.01.18.3.

2: The phase I can be found in Deal Bench in document 6.12.4.1.

3: The items listed as 1,2,3,4, and 5 on schedule 4.1.(u) can be found on
Deal Bench in the following documents:6.2.2.5,  6.2.3.1, 6.6.2, 6.6.1, and
6.15

If you require further information, please contact me.

Regards,
                James J. Heckler
          Global Energy & Project Finance
          V:(212) 325-5809
          F: (212) 325-8323
          CREDIT | FIRST
          SUISSE | BOSTON

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
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recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
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where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


By the way I have the sweater you wore last Sunday that you left on the golf
cart.


Shoe-bomb suspect Richard Reid will be indicted today on multiple counts, including bringing explosives onboard a plane and attempting to blow it up.

http://www.abcnews.go.com

ABCNEWS.com:  Up to the Moment, Up to You (tm)
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Forwarding to you at the request of Christi Nicolay.
---------------------- Forwarded by Linda J Noske/HOU/ECT on 07/05/2001 09:58
AM ---------------------------
From: Joe Connor@ENRON on 07/05/2001 09:12 AM
To: Tom Chapman/HOU/ECT@ECT
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: Re: Southern RTO

Latest info on Southern for your meeting with Kean and Ed Holland today.

----- Forwarded by Joe Connor/NA/Enron on 07/05/2001 09:10 AM -----

	James D Steffes
	07/02/2001 04:20 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Richard Shapiro/NA/Enron@Enron, Joe Connor/NA/Enron@Enron
		 Subject: Re: Southern RTO

Steve --

If still ok, I think that we should try and establish the date for the
Southern - Enron meeting per Joe's message below.  It would be good to hear
their viewpoints (just to know where they are coming from).

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 07/02/2001
04:18 PM ---------------------------
From: Joe Connor on 07/02/2001 10:43 AM
To: James D Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON
cc:

Subject: Re: Southern  RTO

I met with Andy Dearman and Bill Newman of Southern on Friday.  They talked
about what is going on with the non-jurisdictional utilities that have signed
a MOU to develop a RTO.  The group has met a couple of times to discuss the
process they will use.  Confidentiality agreements have been signed, so no
details are available, but they have agreed to a voting structure for the
development.  Southern has about one third of the votes (and 65%of the
assets) and it takes at least two other parties agreeing with Southern to
carry a vote.  Southern says they spent a lot of time convincing the other
parties that Southern was not going to run, or dominate, the process.  After
that, Southern said the group started to pull together and get organized for
the development.

They said everyone in the group appeared to be ready to find ways to make the
RTO work and resolve the hurdles the non-jurisdictional utilities have been
expressing with the development of other RTOs.  They said there were some
rough spots that had to be resolved and they couldn't be sure agreement would
be reached, but at this point there was a lot of cooperation.

Andy and Bill wanted to convince me that this was not a delaying tactic by
Southern and they were doing everything possible to ensure that a complete
RTO filing could be ready by 12/15/01.  They also said they thought this is
what Ed Holland wanted to discuss with Steve Kean.

We talked about how other stakeholders could have input to the development.
They said that it was too early to make any commitment, but the group had
started thinking about it and they expected an input process to be available
by late summer.
They said Southern was in favor of some process that would provide
stakeholders the opportunity to look at what was being considered and advise
the development group as early as possible.  They said they understood the
difficulty stakeholders had with the approach Southern used in its initial
filing and wanted to do it different, but they pointed out again that
Southern could not dictate the process that would be allowed by the group.
In the meantime, they said if we wanted to provide position papers on any
part of the RTO development they would make sure the papers were circulated
in the group or we could continue to hold bilateral discussions with them or
other members of the development group.

Jim, I still think it would be worthwhile to have a meeting between Ed and
Steve Kean, and I would include you and invite Andy and Bill to come.  I
don't think they want to discuss anything technical at this point; they just
want to convince Enron that the approach Southern is taking provides the
quickest development of a RTO for the Southern area, and they want any help
we can give in convincing FERC to let this process run.

I also think we need to pass on filing a response to Southern's May 15th
status report, either alone or with Alabama Municipal Electric Authority (
Donna, I guess that's who you meant in the memo below, since AEC has signed a
MOU with Southern?).  I will get in touch with Bob Reilley to find out why we
haven't heard from EPSA on its filing.  I still think that's the best
approach.

	Donna Fulton
	06/28/2001 12:02 PM

		 To: Joe Connor/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT
		 cc: James D Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON
		 Subject: Southern  supplemental status report

I am attaching the supplemental status report that Southern filed in its
RT01-77 on June 20.  They have included MOUs with Georgia Transmission Corp,
Santee Cooper and Alabama Electric Coop to work on development of an RTO.
These are really general, more of the same of what we've seen from Southern.

Also we had talked  about possible comments on the May 15 Southern filing;
Coral was working on comments through EPSA.  Nothing has been filed by EPSA
yet.

Alabama did file comments on the May 15 status report and they have asked
that the FERC establish a technical conference to "publicly air and evaluate
the alleged governance concerns and the concerns regarding significant
delay..."  Following a technical conference, they ask for a judge to convene
a settlement conference at FERC to "undertake a properly supervised and
serious development of an RTO for the SE without further wasted time."

At this point we could consider filing comments in support of the Coop
comments.


I'll forward the email and you can print and fax.  No big deal.

From: Suzanne Adams@ECT on 02/07/2001 03:28 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Fax to Lee Johnson

I made a mistake - forgot to send it to Lee.  I'm so sorry!  Do you have it
and I can send it to him or will he be here in person.  I didn't write it
down and it completely slipped my mind.  I really am terribly sorry.

	Kay Mann@ENRON
	02/07/2001 03:30 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Fax to Lee Johnson

Hi there,

Lee doesn't remember getting a fax from me yesterday.  Did you get a
confirmation back?  It was the same fax that was sent to Pete Thompson.

Thanks,

Kay


Andrew,
Vince and Grant from Research would like to have RiskTrack on their PCs.
Can you install it for them?

Appreciate it,

Tanya.


Also, there was a confirm that came in Friday with Amerex for you Buying
1/day  BOM (12/2-12/31) HeHub Gas Daily $7.00 Call Option at $0.26.  The
counterparty was Cinergy...Let me know if this is a good trade and we'll get
it loaded into the system.

Thanks,
Susan


Have a great trip!

Bill and Rita McCall <bmccall@wcnet.net> on 10/20/2000 03:09:52 PM
To: Kay.Mann@enron.com
cc:

Subject: Last call from Palacios

Hi Sweetheart. We were just checking to see if you are back and ready to go
to Georgetown. Hope you trip was a success. We are great.Packing up to go
home tomorrow. We will be back next Saturday. Have a great week end. We
love you,Mother


FYI

>X-From_: susanleigh55@earthlink.net Sun Aug 19 11:15 CDT 2001
>From: "Susan Murray" <susanleigh55@earthlink.net>
>To: jaye@rice.edu
>Cc: shelliebronson@yahoo.com, penny@mceinc.com, PwllGr@aol.com,
>   rlewis@docucorp.com
>Date: Mon, 20 Aug 2001 00:15:40 +0800
>Subject: flight to houston # 1262B arrives 12 noon
>
>Jaye, my flight arrives Saturday Aug 25 at noon. I am copying my family member on this note so you will have their email addresses if needed and also to update them on Nicaragua. I am having a good time especially considering my apprehension before I left Houston.  The way to travel is to hook up with a realtor who will take you all over for free.  The realtor (Steve) lived in Costa Rica for 20 years then moved to Nicaragua 6 years ago.  He is about our age and a true gentlemen.  Yesterday he took me to his house on one of the small islands on Lake Nicaragua.  He owns his own island.  There are about 300 of them.  Too rustic for me, but very peaceful. He arranged my travel from Granada to the Blue Bay Resort at Papaguyo Beach in Costa Rica.  It is only three or four hours away driving, but is a hassle because you have to cross the border.  If you want to see the property I visited, there are pictures at www.ranchosantana.com.  I feel safe here, but the real test will be when I!
> cross the border.  Today I left my room for breakfast very early.  I didn't lock up as I expected to return before the maid.  My money and passport were easily accesible.  The maid came while I was at breakfast, but nothing was missing.  Unbelievable since this might not have happened in the US. Today there is a big festival here in Granda with fireworks, a horse parade, etc.  Tomorrow I leave for the resort in Costa Rica.  The charge for the Internet use here is about $2.50 per hour.  Lisa and I paid $1.00 per minute on the cruise.  You  won't here from me again if the resort internet charges are astronomical. I am having trouble with hotmail so please email me at earthlink.net if you need to contact me.  Love Susan
>--
>
>_______________________________________________
>Get your free email from http://webmail.earthlink.net

--

---------------------
Jaye Randall Anderton
Manager, Rice University Art Gallery
PO Box 1892, MS-59
Houston, TX  77251-1892
713.348.5740; 713.348.5980 (fax)


The Deadline to Submit Your Timesheet is 5/16/01 @ 12:00 Noon.

Only submit your timesheet if you have exceptional time, or if your rotation information has changed.

 Sorry, we are no longer tracking overtime since you are salary based.

To all A/A Pool members:

?	It is important to inform us if you have exceptional time.

?	To those members who are submitting time to your assistant, please make sure the assistant forwards this information
to the A/A program.

?	With the Roll-Out of SAP, you have the ability to go on-line @ http://ehronline.enron.com/ and input your time.

I will continue to email for timesheets regardless if you go on-line.

This memo is to inform you to complete your timesheet.

Quick Reminder:

 You may receive your present or previous paychecks @ EB 1195
 (if delivery is not set-up to your location/mail stop).

Thank You for Your Cooperation

Constance Charles
Assistant to Terry Bosien
Associate & Analyst Program
Ext. 35614


When: Tuesday, November 27, 2001 6:15 PM-6:45 PM (GMT-06:00) Central Time (US & Canada).
Where: EB 38C1

*~*~*~*~*~*~*~*~*~*


>  -----Original Message-----
> From: 	Tom Reese
> Sent:	Wednesday, November 28, 2001 1:59 PM
> To:	'darren.vanek@enron.com, mark.whitt@enron.com'
> Subject:	Kennedy Oil and Enron North America Corp.
>
> The following is a letter dated today, November 28, 2001regarding the
> above referenced.  Immediate attention requested.
>
>  <<Ltr Whitt 112801.doc>>
 - Ltr Whitt 112801.doc


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

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

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

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

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

Thank you,

Dan Diamond


Attached are  EES's Volumetric NYMEX and Basis positions for 6/21/2000.

Thanks,

Monica Hwang for Kyle Griffin


How's this for the next stab.  Please review, make changes and send back for
a final.  I didn't try to make this just perfect but consoldite a little and
add a little.

Thanks,

Mike


35353
47260
48724
49613
49615
49617
49619
49621
49623
54674


BUSINESS HIGHLIGHTS

Oil Products
The Oil Products Group executed a 1 year physical transaction, whereby Enron
supplies Delta Airlines 100,000 barrels/month for one year beginning in
November of 2000, for a total of 1.2 million barrels.

Weather
On December 6 at 7pm, the Weather Channel will run a 15 minute special
interest story on Weather Derivative trading.  Approximately 8 minutes of
this telecast will focus on the Enron Weather Risk Management group, led by
Mark Tawney, director. In September, a film crew spent two days recording the
group's activities and interviewing Mark Tawney; Steven Vu, head of trading;
Gary Taylor, head of marketing; and Brando Hayden, trader.  Efforts to
publicize Enron's leading position in the Weather Risk marketplace have
included this television show, the Enron Corp commercial focused on weather
risk management, and several articles written by members of the Enron Weather
Trading group.  What's next?  Enron Weather: the Movie - coming soon to
theatres near you!

Principal Investments
Tridium Inc., the leading provider of Internet-based automation
infrastructure solutions, announced the closing of a $20 million round of
capital funding. The funds will be used to increase Tridium,s sales and
technical support offices in North America, expand its operations into Europe
and Asia, and enhance its technology and products. kRoad Ventures, L.P. and
Enron North America each contributed $10 million in venture capital.

Energy Capital Resources
Westwin Energy, LLC, a privately held oil and gas exploration and production
company based in Midland, has been formed by the former management team of
ARCO Permian.  Along with the company,s formation, Westwin announced its
financial partner, which is Enron North America.  Westwin Energy will focus
on drilling opportunities and select acquisitions in the Permian Basin of
West Texas and Southeast New Mexico.

Enron Industrial Markets Fundamentals Analysis
Following the example of other Enron entities, Enron Industrial Markets has
established a Fundamentals Analysis Group.  Under the direction of Andrea
Reed, the group is similar to the others, with the objective of providing
market, industry, and regulatory information and identifying potential
commercial opportunities for originators and traders.  Doug Moreno and Carol
Marshall are the information experts.   They are presently working to
aggregate all of Enron,s various resources into a library and a website
(coming soon at http://eimfundy.dev.corp.enron.com/).  Jennifer Riley is the
quantitative analyst, and has already analyzed a number of statistical
relationships for the business entities to identify possible hedging
strategies.  Peggy Determeyer (steel) and Karen Carter (paper/pulp and
lumber) will be providing analytical services to the two primary product
lines. Tammy Davis keeps them all organized with terrific administrative
support.  Doug, Jennifer, Tammy, and Carol have followed Andrea from her
previous Merchant Asset Portfolio Management assignment, while Peggy and
Karen have joined from Enron South America and Enron North America,
respectively.  If you have any ideas for critical analyses or information
needs, contact one of them for help.

Foreign Exchange (FX) and Sovereign Risk (ENA Research Group)
In last week,s Ameriflash newsletter, we introduced you to the Country Risk
and Foreign Exchange (FX) Department within the ENA Research Group, which
included our responsibilities and some of the products we have developed for
Enron various business units. This week we would like to introduce you to the
members of our group, Maureen Raymond-Castaeda, Gwyn Koepke, Yana Kristal,
and Leann Walton.

Maureen Raymond-Castaeda heads the Country Risk and Foreign Exchange team,
reporting to Vince Kaminski.  Maureen is Enron,s Chief Economist and is
responsible for corporate sovereign risk and economic analysis, briefing the
FX trading desk on major central bank policies, forecasting all FX and
revenue escalators corporate-wide for 60 countries, and advising Enron,s
underwriters and the Chief Credit Officer.  As Enron changes its business
objectives, our group serves these objectives through our analysis. For
example, we provide research and analysis services to the steel fundamental
analysis group as well as to the non-ferrous metals group in London.  Gwyn
Koepke is an Associate and is responsible for conducting economic analysis
for all FX and inflation curves produced by the group as well as writing
country briefs for the various Enron business units.  Yana Kristal is an
analyst who gathers country research and prepares Excel charts.  Leann Walton
is the team,s newest member and provides all administrative and research
support.

As a reminder, the Country Risk and FX team launched a new product in October
called the Enron &Global Markets Monitor,8 which informs traders and
management about important international economic events and their impact on
currency and financial markets. If you would like to receive the Monitor on a
weekly basis via email, please send a note to Leann Walton.  Or, you can
obtain the Global Markets Monitor from our web site at:
http://ecthouwebcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm
(look for the spinning New sign) ) Please add this to your bookmarks or
favorites.

FINAL RESULTS FOR THE PULSE

Thanks to all who participated in Enron's annual employee survey.  The total
participation rate for ENA/EGM/EIM was 68.90%, which was an increase of
almost 20% from last year.  Additionally, we beat the Enron Corp. average
68.90% to 68.87%.  Some might say that this is statistically insignificant,
but we prefer to point out that a win is a win!

WELCOME

New Hires
ENA- Doglas Allen, Brooks Barnes, Angela Cadena, Reno Casimir, Amelia
Cavazos, Jane Coleman, Andrea Dahlke, Susan Entman, Kulvinder Fowler, Kristi
Fredericks, Tammy Gilmore, Lori Haney, Brandee Jackson, Janine Kattner,
Brenna Neves, Vivian Nguyen, Dexter Peoples, Erica Rodriguez, Patricia Roome,
Dayna Smith, Stephanie Wainwright, Ellen Wallumrod, Deanna Washington,
Gregory Whitman

EGM- Mario De la Ossa, Stephanie Harris

IN THE NEWS

FORTUNE, November 13, 2000, Page 80
Beware: You Could Soon Be Selling Soybeans Make your products stand out )
fast ) before someone turns it into a commodity.
"(What,s next? Fortune says you can run a reverse auction anytime you can do
two things: specify exactly what you want and identify several bidders you
deem qualified to fight for the business. Let your imagination roam. At Enron
they never stop thinking about new products and services for which they can
make markets. First gas and electricity, now bandwidth, ocean shipping,
paper, and much else."

Internet Week, October 30, 2000
"Enron doesn't just make markets; it assaults them."

NUGGETS & NOTES

&Results not reasons8 ) Craig Breslau, VP/Industrial Middle Markets-ENA

"Okay, here's the deal..."  - Jean Mrha Beach, VP/Upstream Origination-ENA

LAST WEEK'S TEASER

Question
In your cellar there are three light switches in the OFF position. Each
switch controls 1 of 3 light bulbs on the floor above.  You may move any of
the switches but you may only go upstairs to inspect the bulbs one time.  How
can you determine the switch for each bulb with one inspection?

Answer
Turn switch one on for a while(then turn it off.  Turn switch two on, go
upstairs to inspect.  The hot bulb is controlled by switch one, the lit bulb
is controlled by switch two. The unlit bulb is controlled by switch three.

CONGRATULATIONS to our winners: Richard McKeel, Jim Sugrue, Ed Hearn, Rhonda
Denton, Mark Breese, Benjamin Thomason, Gil Muhl, Corey Hollander, James
Haden, Stinson Gibner, Richard Zamora, Robert Stalford, John Gordon, Dan
Darland, Andre Templeman, Hector McLoughlin, Shelly Stubbs, Kelly Ellis,
Valter Stoiani, Dennis Lee, Paul Gregory, Rainer Cockrell, Regan Rorschach,
Bill Rust, Gerald Gilbert.

LEGAL STUFF

The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed outside of Enron.


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I agree that we should send such a letter.
Also-- I talked to Mike Beatty and he is willing and able to serve as our
party designate arbitrator. I told him that Neal would follow up with him on
the details.

	"Neal S. Manne" <NMANNE@SusmanGodfrey.com>
	11/28/2000 06:16 PM

		 To: Brian.Redmond@enron.com, Richard.B.Sanders@enron.com
		 cc: Jeffrey.T.Hodge@enron.com, David.Fairley@enron.com, Eric.Boyt@enron.com,
Robert Rivera <RRIVERA@SusmanGodfrey.com>
		 Subject: RE: Duke LNG

It's a two way street, of course.  Have they expressed any interest in
negotiating?  There is nothing wrong with a REAL negotiation, but nothing
particularly helpful about generating one that s just for show.
Particularly in the absence of any entreaty from them.

Where is the "simple" explanation of the transportation piece?

As I have told RNR, I think we should advise Duke in writing that its IP is
not in conformity with the contract, sinceit is in the alternative, and that
our IP is hence the only one that will be before the arbitrators (since Duke
clearly cannot change it's ineffective IP at this stage, having already seen
ours).  Accordingly, the only issue left for arbitration is whether our IP
(the only one and therefore the one they have to choose) is or is not an
economic hardship under the contract.  What say ye?

> -----Original Message-----
> From: Brian.Redmond@enron.com [mailto:Brian.Redmond@enron.com]
> Sent: Tuesday, November 28, 2000 1:46 PM
> To: Richard.B.Sanders@enron.com
> Cc: Jeffrey.T.Hodge@enron.com; David.Fairley@enron.com;
> Eric.Boyt@enron.com; Neal S. Manne; Robert Rivera
> Subject: Re: Duke LNG
>
>
>
> Richard/Jeff:
>
> Do we need to engage Duke in some way during this one month
> period so as to
> show that we are seeking to negotiate in good faith?
>
> Brian
>
>
>
> From: Richard B Sanders on 11/27/2000 02:21 PM
>
> Sent by:  Twanda Sweet
>
>
> To:   Brian Redmond/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, David
>       Fairley/HOU/ECT@ECT, Eric Boyt/Corp/Enron@Enron,
>       nmanne@susmangodfrey.com, rrivera@susmangodfrey.com
> cc:
> Subject:  Duke LNG
>
> Here is an action item list for the Duke LNG dispute.
>
> Items                                                   Responsible
>
> 1.   Interview Witnesses
> Sanders/Rivera
>
>       a.  Rebecca McDonald
>       b.  Wayne Perry
>       c.  Transportation Witness
>       d.  Curve Witness
>
> 2.   Send letter requesting information re economic hardship
> Rivera
>
> 3.   Select arbitrator
> Sanders/Rivera
>
>        a.  Research regarding Mike Beatty
> Rivera
>
> 4.    Compile documents/data for exchange of information
>           Sanders/Hodge/Boyt
>
> 5.   Confidentiality agreement for loss of supply information
> Sanders
>
> 6.   Response to all outstanding correspondence from Duke's attorneys
> Rivera
>
>
>


Susan:  Here's a heads up.  I haven't read the messge and don't know the
timing.  I 'll sort throught it later today.  ss
----- Forwarded by Sara Shackleton/HOU/ECT on 05/25/2000 11:22 AM -----

	Sheila Glover
	05/25/2000 11:02 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Donna
Lowry/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Aneela Charania/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, sheung.tam@ms.com
		 cc:
		 Subject: Enron de Inversiones de Energia S.C.A. (an Argentine company)
(EDIDE)

---------------------- Forwarded by Sheila Glover/HOU/ECT on 05/25/2000 11:00
AM ---------------------------

Rafael Rangel@ENRON_DEVELOPMENT
05/25/2000 10:48 AM
To: Sheila Glover@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
florencia.groppo@hds.com.ar, Veronica
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Contacts

Corrections to #4 below.  Originally had EPCA, should be EDIDE.

RFR

Rafael Rangel
05/25/2000 10:20 AM
To: Sheila Glover@ENRON_DEVELOPMENT, Don Overby@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
florencia.groppo@hds.com.ar>, Veronica Perez

Subject: Re: Contacts

Sheila, as discussed yesterday, I need to do the following:

Open a brokerage account at Morgan Stanley for Enron de Inversiones de
Energia S.C.A. (an Argentine company) (EDIDE)
This account will hold ADRs that will be contributed or transferred into its
account by Enron Pipeline Company-Argentina S.A.  (EPCA)(account #038-088357)
at Morgan Stanley.
EPCA will contribute 431,300 ADRs in Transportadora Gas del Sur (TGS) into
EDIDE's new account.  That contribution represents the capital contribution
that EPCA is obligated to make under the capital increase resolution dated
February 20th, 2000.
After the ADR's are transferred into EDIDE's accounts, EDIDE will need to
convert such ADR's into ordinary Class B shares in TGS so that they can be
registered accordingly in Argentina.

Sheila, I am forwarding a hard copy of this e-mail with appropriate support
(corporate resolutions authorizing me to open this account, resolution
authorizing the increase in capital and some forms that I had Eduardo
Ojea-Quintana (President of EDIDE) sign).

Please review and advise of what else you need to finalize this transaction.

Best Regards,

RFR

---------------------- Forwarded by Rafael Rangel/ENRON_DEVELOPMENT on
05/25/2000 09:50 AM ---------------------------

Rafael Rangel
05/24/2000 05:50 PM
To: Sheila Glover@ENRON_DEVELOPMENT
cc: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Contacts

Sheila, finally ready to open up the account at Morgan Stanley for EDIDE so
that EPCA can transfer the correct amount of ADRs.  I have the Corporate
Resolution from EDIDE.  I understand that the contact at Morgan Stanley has
changed.  Please advise.

RFR

To: Danthea Dumayas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rafael
Rangel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Contacts

I will be out on maternity leave soon (hopefully).  In my absence, please
call Sheila Glover (3-3210) for any questions that you may have.  If you just
need a copy of an old report, please call Aneela Charania at 3-0951.

Thanks,

Terri
3-9899


I am forwarding a resume of one candidate who is very
persistent and quite aggressive.

Please, take a look at him.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/23/2000
08:18 AM ---------------------------

Eric Hilton <ehilton@earthlink.net> on 06/22/2000 11:20:11 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: replied resume

Mr. Kaminski,

??????? I sent an actual resume via the postal service. I guess you never
received it. Thank you for your patience.

A few features I possess that suggest that I may be a representative your
well established company would value are:

?Seven-plus years as a manager/junior executive of logistics in a fast-paced,
demanding, and constantly evolving retail industry.
Experience in effectively developing and implementing policies and tasks
under marketing, logistics, brand management, and best practices.
BA degree in Marketing with a 3.88 GPA from the University of San Moritz,
London England.
Extensive knowledge in management with the ability to effectively manage
multiple tasks, as well as multiple associates, to achieve specific goals in
research and brand management within the company's deadline.
Seven-plus years effectively implementing and teaching dynamic and successful
customer service.

With my current employer, I am in charge of logistics research and
reports/data collection, as well as responsible for developing new and
successful ideas and implementing them under constantly evolving brand
management and best practices.

Traveling to London, England and extensively finishing my degree indicates
that I am willing to go the &extra mile8 to achieve and obtain my goals.

Perhaps, Mr. Kaminiski,? I am an associate you need at your well-respected
company. I would be very happy to meet with you, at your convenience, to
discuss the possibility of putting my education and experience to work for
Enron.

Thank you for your consideration. I look forward to hearing from you. I have
attached my resume to this email formatted under Microsoft Word.

Warmest Regards,
Eric Hilton
?
 - MY RESUME


Vince:

I may have neglected to send you the attached last week. Enron is one of a
handful of institutions which could facilitate an entire transaction of the
kind described here. This is simply your old production payment concept
applied to corporate finance.

Best,

 - pressrelease.pdf
 - monetization.pdf


Stinson,

Can you please take a quick look and fwd it to Sam
Smith (wsmith2@enron.com)

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/07/2001
09:59 AM ---------------------------

VKaminski@aol.com on 05/06/2001 07:59:33 PM
To: vkamins@enron.com
cc:
Subject: Newsletter

A reminder: this column serves two objectives. The firstis introduction of
new members of the Research Group, and of the associates andsummer interns
rotating through the group. The second objective is to reviewinteresting
publications related to energy markets, quantitative finance andother topics
of interest to the Enron audience. I have run out of the newmembers to
introduce and it,s time to some real work.

Today,s column is devoted to the issue of technicalanalysis. Financial
economists tend to dismiss technical analysis (chartism) asvoodoo science.
Over the last few years, however, a significant amount ofevidence that
technical analysis works at least in some markets. A paperpublished recently
by Carol Osler of Federal Reserve Bank of New York (CurrencyOrders and
Exchange-Rate Dynamics: Explaining the Success of Technical Analysis)reviews
two cases in which technical analysis proved quite successful inoffering
useful predictions in the foreign currency markets. The firstprediction is
that trends tend to be reversed at identifiable support orresistance levels.
The second is that if a support or resistance level isbreached, trends tend
to accelerate.

The explanation of this success can be found, according toCarol Osler, in
the
microstructure of the F/X market: take-profit and stop-lossorders tend to
cluster around certain typical levels (like exchange rate endingin a
specific
market at 00 or 50 level). For example, the author found thatthat roughly
2.8% of all stop-loss buy orders are triggered when the rate hitsa round
number, while 10.5% of take profit sales orders are triggered. Thisasymmetry
explains the success of the first prediction of technical analysis. Asecond
asymmetry is related to clustering of orders just above and just belowround
numbers ending in 50 and 00. Stop-loss buy orders are infrequent at
ratesjust
below these levels, and cluster above these levels. Stop-loss sell
orders,however, cluster just below 00 and 50 levels a relatively scarce at
rates justabove these levels.

The question remains, why conditional orders tend tocluster at certain
levels. One possibility is cognitive advantage tradersderive from managing
large volume of information using simplified rules.Another possibility is
that they follow recommendations of technical analysisin managing their
books. In this case, technical analysis becomes aself-fulfilling prophecy.

Please, contact us for thecopy of the paper if this caught your attention.
 - wjk0506.doc


did you book?

 -----Original Message-----
From: 	"WINNIE HOWARD" <HOWARD@wrightlaw.com>@ENRON [mailto:IMCEANOTES-+22WINNIE+20HOWARD+22+20+3CHOWARD+40wrightlaw+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 14, 2001 8:17 AM
To:	Sager, Elizabeth; jhartso@enron.com
Subject:	Hotels in Colorado Springs for the August 10, 2001 Contracting	Meeting

I understand that the Broadmoor is sold out for the night of the 9th, including the block of rooms held for the WSPP Contracting Meeting.  There is a waiting list, but the waiting list is long.  Here is a list of alternate hotels/resorts in the area, the hotels/resorts have been checked and they do have rooms available:

Cheyenne Mountain Conference Resort  (2.5 miles away from Broadmoor)
3225 Broadmoor Valley Road
Colorado Springs, CO   80906
719-538-4000

Doubletree World Arena       (3 miles from Broadmoor)
1775 E. Cheyenne Mountain Boulevard
Colorado Springs, CO   80906
719-576-8900

Sheraton Colorado Springs Hotel     (3 miles from Broadmoor)
2886 South Circle Drive
Colorado Springs, CO   80906
719-576-5900

Sorry for any inconvenience this may cause, but when the arrangements were made for the meeting, there were plenty of rooms available at that time.


Fernley:  I think that you are right about easy access to the standards.  In
fact, at the Global Operations Controllers gathering in Houston in October,
we are going to roll out a website created for Global Risk Operations.  The
global standards will be one of the items included, as well as contact lists
for Operations Controllers worldwide, calendars for all Enron offices
worldwide, a "what time is it there if I am here" page, etc.  I would like
for this to be introduced at the offsite as surprise (just a little bang out
of the announcement) , so I would appreciate your not sharing this plan
widely at this point.  However, I thought that I would let you know so that
we would not duplicate any efforts.
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/26/2000 06:19 PM
---------------------------

Fernley Dyson
09/26/2000 11:03 AM
To: Mike Jordan/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: Re: a note being sent out under John Sherriff's name - your thoughts
on the cover note ?

I think the note is fine. My concern would be access to details of the
standards themselves. People will be less inclined to come to you and me, but
they may well click on an intranet link to the policies and procedures
website for example.

For your consideration.

Thanks

Fernley

Mike Jordan
26/09/2000 14:14
To: Fernley Dyson/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT
cc:

Subject: a note being sent out under John Sherriff's name - your thoughts on
the cover note ?

Fernley  / Sally

Off and on ( with Jackie Gentle's help ) I have pulled together a one page
communication note on our fundamental operating standards ( itself a one page
summary ).

We are in the final stages of this process  - where we draft a cover letter
for John which will introduce this for inclusion within Globalflash ( the
Enron Europe newsletter )

Have you any thoughts on draft or cover note ?

Mike


Just to follow up, did you send a letter to Van Ryn at Koch re the
hydrocarbon and mercury contaminations?  If so, could you please send me a
copy?

 Also, have you been able to come up with any further info on what to do
about the other soil contamination areas?  Do you still want to determine the
full lateral and vertical extent of all?  FYI, I have made further inquiry as
to whether we have any reporting or investigatory duties based upon the
levels in the WZI report.  I believe the numbers you cited in you 5/21 email
may be only part of the story: as you have appropriately noted, in California
it is not only concentration levels that matter; rather, other variables such
as depth to groundwater, proximity to population centers, etc. determine
whether any reporting or remedial (including further investigatory)
obligations arise.  Therefore, I'm checking further to see how these other
variable impact our legal obligations here.  (Again, I think this is very
important inour case because we want to be careful about potenially
jeopardizing our indemnity rights against Koch by performing any Phase
II-type activities where not legally required.

 I expect to have more info on this by the end of the week.  Perhaps we can
chat then?  Thanks. --ETA


Over to you.
 -----Original Message-----
From: 	Arvind Ramanathan <Arvind.Ramanathan@techspan.com>@ENRON [mailto:IMCEANOTES-Arvind+20Ramanathan+20+3CArvind+2ERamanathan+40techspan+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, June 04, 2001 8:58 PM
To:	Zipper, Andy
Subject:	Value Proposition for Enron from TechSpan

Hi Andy

Hope you have had a chance to review our earlier details and hopefully it
would have given you further insights into our capabilities.

During the recent Board meeting with Goldman Sachs, our Enron strategy was
discussed and we indicated our correspondance with you. All of us are very
exited and working on ways of initiating the process. Moreover, due to the
strategic nature of partnership, our Management has also decided to invest
in developing this association.

I would discuss the proposition (from our Senior Management) during a
telecon and you could assess the feasibility.

Meanwhile, some areas that we are currently working with Goldman Sachs,
Nortel, Chevron, HP, etc are indicated below and we could replicate the same
with Enron:

1.	Module Development or enhancements to existing applications
      - Portal
      - Adaptor/Connector Development
      - Integrating online trading apps with Back End systems
      - Ariba customization/enhancements
      - Content Management
      - e-Procurement &  EBPP
      - other application specific integration

2.	Maintenance & enhancements (Could be done in India for cost saving
and round the clock operations)
3.	Re-engineering, Migration and porting for your existing applications

4.	QA

Andy, we are confident that this proposition of ours would be very
attractive and would go a long way in developing a strong association.

Could we discuss our business proposition this week ? I could call your
admin assistant tommorow (6/5) and fix up a suitable time for the call (10 -
15 Minutes Max.) We could follow this up with a technical meeting to
identify specific areas, should you feel comfortable with our proposition.

Looking forward to our discussions.

Thks, Arvind

Tel	: 408. 530.5570
Cell	: 408. 828.6391

www.techspan.com

-----Original Message-----
From: Arvind Ramanathan
Sent: Thursday, May 24, 2001 12:08 PM
To: 'andy.zipper@enron.com'
Subject: RE: Partnership: Enron & TechSpan (Goldman Sachs Funded
Company)

Dear Andy

Thanks for your Mail. I sincerely hope you were able to get a high level
overview of our company. Further to my earlier mail, i am enclosing the
information which could provide further insight into our company. Pls
include them in your assessment process and give me a feedback if you
require any further clarification. We look forward to meeting you and your
team for an  presentation and the value we could bring to Enron. In the
presentation, we would cover our Methodology, Processes, Competencies,
Clients , Case Study & our economical/cost effective deployment processes.

Some synergies i perceive; Enron's initiative in ClickPaper could map well
based on our experience in Forest Express , EnronOnline could map into our
experience with RMX/Chevron or American Petroleum Exchange, Dealbench.com
maps well with our experience with eBreviate on the hosted ASP model for
eRFP,Auctions,Supplier Search. Moreoever, our development labs in India
could add great value for your module development, ongoing support,
maintenance, QA, Porting work; deploying a very low cost structure.

1.	TechSpan Details: I have enclosed the following -

	1.1 Company Overview (Management, Revenues, Growth, Locations,
Services, Competencies,  etc)
	1.2 TechSpan B2B Markets Expertise Brochure
	1.3 Case Study - e2Open , Traiana
	1.4 Projects with Ariba & MOAI

2.	Other Details which could be of interest

	2.1 TechSpan has been featured on IDC's analysis (Report No. 23918)

	" IDC believes that TechSpan has done a good job of melding its
evolution as a services business to that of its 	partnerhips"

	2.2.  BEA's Partner brochure on its competency (attachment), wherein
TechSpan has been evaluated at par with KPMG & 	CSC. All our clients have
also realized the value in TechSpan and all have positioned us equivalent
(and higher in many 	cases)to any Big 5 Consulting firm.

	2.3.  INDIAN E-BIZ CONSULTING MARKET WORTH $136 M.: V&D

	TechSpan tops the Big Six list of e-biz consultants in India with
total business worth $67 million, followed by 	Planetasia and MindTree. The
study has identified pricing as the one big advantage enjoyed by Indian pure
play 	Internet Professional Services companies.

     	http://ciol.com/content/news/repts/101020511.asp?nl=ctd-mar5

	2.4  Inc. Magazine and Cisco Systems Name TechSpan, Inc., Finalist
at Growing with Technology Awards Ceremony

      http://www.techspan.com/news/prcisco.html

	2.5.  TechSpan Ranked on Sm@rtReseller's Smart 100 Companies List

      http://www.techspan.com/news/prsmartreseller.html

In summary, we are a young company (two years in operations) with high
ambitions and clearly articulated vision of being a leader in the e-commerce
consulting space. We have achieved major milestones in being a $ 67.0
Million company within 2 years, largely due to the confidence exhibited by
our customers and partners. Though the above are some achievements in the
past (giving you a base comfort factor on our long term stability), we are
keen in discussing what value we could bring to Enron, now and in the
future.

Thks,

Arvind

Arvind Ramanathan
Business Development Manager
TechSpan Inc.

Tel	: 408. 530.5570
Cell	: 408. 828.6391

www.techspan.com


I regret to announce that Tom Krueger is resigning from Enron North America
to pursue real estate development.  Tom has over 18 years with Enron and
Portland General and we sincerely appreciate his contributions to our
company.  Tom's last day will be September 8 so stay tuned for details on his
farewell party!  Please join me in thanking Tom and wishing him the best of
luck.

Chris


Attached is a draft of IEP's Comments on CAISO Amendment No. 31.  Due to the
heavy schedule next week, including the IEP meeting on Monday-Tuesday and
the CAISO CMR Board meeting on Wednesday, I don't think we will have time to
have a formal conference call to discuss this draft prior to filing on
Thursday.

Accordingly, please review and forward any comments to me [steven@iepa.com]
and Andy Brown [abb@eslawfirm.com] by noon on Wednesday, October 4.  Thanks.

----- Original Message -----
From: Andy Brown <ABB@eslawfirm.com>
To: Andy Brown <ABB@eslawfirm.com>; 'Steven Kelly (E-mail)'
<steven@iepa.com>; 'Katie Kaplan (E-mail)' <kaplan@iepa.com>;
<smutny@iepa.com>
Cc: Douglas Kerner <DKK@eslawfirm.com>
Sent: Friday, September 29, 2000 10:15 AM
Subject: RE: Draft IEP FERC Filing on CAISO Amend. No. 31 (Price Caps and
Forward Participation)

> it helps to include the attachment.  Here it is.
>
> Andrew B. Brown
> Ellison, Schneider & Harris, LLP
> 2015 H Street
> Sacramento, CA  95814
> Phone: (916) 447-2166
> Fax: (916) 447-3512
> mailto:abb@eslawfirm.com
>
> CONFIDENTIALITY NOTICE:  This communication and any accompanying
document(s)
> are confidential and privileged.  They are intended for the sole use of
the
> addressee.  If you receive this transmission in error, you are advised
that
> any disclosure, copying, distribution, or the taking of any action in
> reliance upon the communication is strictly prohibited.  Moreover, any
such
> inadvertent disclosure shall not compromise or waive the attorney-client
> privilege as to this communication or otherwise.  If you have received
this
> communication in error, please contact the sender at the internet address
> indicated or by telephone at (916)447-2166. Thank you.
>
>
> -----Original Message-----
> From: Andy Brown
> Sent: Thursday, September 28, 2000 10:23 PM
> To: Steven Kelly (E-mail); Katie Kaplan (E-mail); 'smutny@iepa.com'
> Cc: Douglas Kerner
> Subject: Draft IEP FERC Filing on CAISO Amend. No. 31 (Price Caps and
> Forward Participation)
> Importance: High
>
>
> Attached is a discussion draft for an IEP filing on CAISO's Amendment No.
> 31.  This filing must be made the morning of October 5 to arrive at FERC
on
> time.  Discussion is probably needed.  I must have all
comments/suggestions
> by COB October 3.  ABB
>
> Andrew B. Brown
> Ellison, Schneider & Harris, LLP
> 2015 H Street
> Sacramento, CA  95814
> Phone: (916) 447-2166
> Fax: (916) 447-3512
> mailto:abb@eslawfirm.com
>
> CONFIDENTIALITY NOTICE:  This communication and any accompanying
document(s)
> are confidential and privileged.  They are intended for the sole use of
the
> addressee.  If you receive this transmission in error, you are advised
that
> any disclosure, copying, distribution, or the taking of any action in
> reliance upon the communication is strictly prohibited.  Moreover, any
such
> inadvertent disclosure shall not compromise or waive the attorney-client
> privilege as to this communication or otherwise.  If you have received
this
> communication in error, please contact the sender at the internet address
> indicated or by telephone at (916)447-2166. Thank you.
>
>

 - 001005_IEP_Mo_Interv_ER00-3673_ISOT_Am_31.dft.doc


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Good job Chris.

My contact at Iroq is out of the office.  When she gets back, I will agree to
pay $10,153.82 per my worksheet.  Let me know what would be the best way to
enter this in Sitara.  I think she is back in the office next week.  I also
think she will agree to my numbers just to get this resolved.  However, she
may just want us to pay what I think we owe while she does her own research.

Comments?

Christopher Spears
08/24/2000 11:38 AM
To: Chris Germany/HOU/ECT@ECT
cc: Brad Bangle/Corp/Enron@Enron, Katherine L Kelly/HOU/ECT@ECT
Subject: Iroquois Parking Dispute

Chris,
We paid parking fees to Iroquois for 9905 and 9906 production months:

May 1999 $1,934.42       <- included in a wire on 6/18/99 for $1,498,033.81.
June 1999 $1,872.02       <- included in a wire on 7/22/99 for $1,393,799.19.
Total  $3,806.44

If you have any additional questions, please let me know.

Thanks,
Chris


May 25, 2001

Dear Viewer:

Our records show that you had subscribed to the desktop weather product, Storm Signal, from Click2Houston.com.  Unfortunately, the company that developed and hosted the service is no longer able to support it.  Like you, we're disappointed.

Here are instructions on how to uninstall the product from your computer:

	1.	Click on the Start button.
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Tana, thanks for all your help.  On the marked copy you sent, are all
negotiated items in "blue" or are those "Canadian changes"?  Just wanted to
make sure I don't delete something I shouldn't.  Thanks.
christy

From: Tana Jones@ECT on 04/02/2001 03:03 PM
To: Christina Finelli/HOU/EES@EES
cc: James E Keller/HOU/EES@EES
Subject: IMC Canada

Be careful using IMC Canada to prepare your draft from.  Even though we have
chosen NY law, we had two Canadian companies entering into the IMC Canada
agreement so there is language in the agreement that is Canadian specific,
and it might be missing some required US language.  I have also attached a
redlined draft reflecting the negotiated changes to the form since the form
we first sent the form to the counterparty.   I have attached our current
form of ISDA Schedule as a reference.  The Canadian changes will be color
coded, so you can see them easily.

Also, please note:  there have been recent amendments to the CFTC Rules that
have required certain changes to the swap reps, in particular there are no
longer "eligible swap participants",  the current terminology is "eligible
contract participant".  Please see Part 5(b) of the Schedule in particular.


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 07/06/2001 11:00 AM -----

	William Booth <wbooth@booth-law.COM> 07/05/2001 03:19 PM 	   To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>, Ann.Cohn@sce.com, kmccrea@sablaw.com, mkahl@ka-pow.com, jdasovic@enron.com, William Booth <wbooth@booth-law.COM>, drothrock@camfg.com, smutny@iepa.com, brbarkovich@earthlink.net, dominic.dimare@calchamber.com, isenberg@hmot.com, jstewart@cmta.net, mdjoseph@adamsbroadwell.com, lga@mother.com, debinorton@aol.com, cra@calretailers.com, derek.naten@roche.com, vjw@cleanpower.org, "John R. Redding (PS, NE) (E-mail)" <john.redding@gene.GE.com>, "Mike Florio (E-mail)" <mflorio@turn.org>  cc:   Subject: RE: Bond Leg Language, etc.

Jeff and all:  I agree with your thoughts as to the need for amendments re
DA customers that have never purchased DWR power, call it amend. 1.  I also
agree with your proposal re customers that leave bundled service for direct
access service only having to pay for the costs actually incurred by DWR on
their behalf, call it amend. 2.  I think it is a stretch, however, to
propose an exemption for any customer that leaves bundled for DA by
September 1, call it amend. 3.  This appears to be inconsistent with amend.
2.  I agree with you re amend. 4, deletion of language ending DA.  Bill

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Thursday, July 05, 2001 2:07 PM
To: Ann.Cohn@sce.com; kmccrea@sablaw.com; mkahl@ka-pow.com;
jdasovic@enron.com; wbooth@booth-law.com; drothrock@camfg.com;
smutny@iepa.com; brbarkovich@earthlink.net;
dominic.dimare@calchamber.com; isenberg@hmot.com; jstewart@cmta.net;
mdjoseph@adamsbroadwell.com; lga@mother.com; debinorton@aol.com;
cra@calretailers.com; derek.naten@roche.com; vjw@cleanpower.org; John R.
Redding (PS, NE) (E-mail); Mike Florio (E-mail)
Subject: Bond Leg Language, etc.

Greetings:

Hope everyone had a pleasant 4th.

I've read the respective Burton and Hertzberg language on amending AB 1X.
The Burton language looks cleaner and simpler, though there may be reasons
to include some of the Hertzberg language, too.

I'm proposing to the group the following as potential amendments to the
bond bill.  I would appreciate your feedback.  The amendments would be as
follows:

   Customers who were on Direct Access when DWR started buying power (Jan.
   17th?), and are still on Direct Access when the bill passes, should be
   exempt from paying for the bonds.

In short, customers should not be forced to pay for power twice--once from
their ESP, and once from DWR.  Since these customers receive power services
from their ESP, they never consumed DWR power in the first place and it
wouldn't be fair to require them to pay for it.

   Customers who have been utility customers since DWR started buying power
   but subsequently switched to Direct Access should only pay for power
   provided by DWR that they actually consumed, no more and no less.

For example, if a customer was a utility customer when DWR started buying
power but switched to Direct Access on May 1st, then the customer would
only be responsible for reimbursing DWR for power deliveries that took
place from Jan. 17th thru April 30th.

I believe that we agreed on these concepts during the negotiations that
took place over the past 4-5 weeks.  Or if we didn't explicitly agree
during the talks, they seem to be principles on which we ought to be able
to agree pretty easily now. And rather than leave the issue hanging, which
can create unnecessary and costly uncertainty for customers, I suggest that
we include very clear and simple legislative language in the bond bill
clarifying what customers' obligations are.  Your thoughts are appreciated.

In addition, we have talked quite a bit about providing customers with
incentives in the attempt to get California out of the energy hole that it
finds itself in.  Providing (20KW and above) customers with an incentive to
switch to Direct Access as soon as possible could 1) reduce the net short
position that the state (and ultimately consumers) have to finance, thereby
reducing spot purchases and price volatility,  2) reduce electricity
purchasing costs, and 3) reduce the burden on the state budget.

With this in mind, I'm also proposing that the group consider an amendment
to the bond bill that would exempt from bond charges any customer that
switches to Direct Access by September 1st.

Finally, it seems odd that the language directing the PUC to suspend Direct
Access is still in the bill.  If a dedicated rate component is created,
that seems to eliminate altogether the need to suspend Direct Access.  And
if that's the case, would it make sense to delete that language from the
bill?

Look forward to your comments and working with you to get support for and
passage of the "core/noncore" proposal.

Best,
Jeff
This e-mail is intended solely for use of the individual to whom it is
addressed and may contain information that is privileged, confidential or
otherwise exempt from disclosure under applicable law.  If the reader of
this e-mail is not the intended recipient or the employee or agent
responsible for delivering this message to the intended recipient, you are
hereby notified that any dissemination, distribution, or copying of this
communication is strictly prohibited.  If you have received this
communication in error, please immediately notify us by replying to the
original sender of this note.  Thank You.


Invoice in your in-box.

Mail check to:
	1003 Shadow Circle
	League City, TX 77573

Description:
	Maintenance Reimbursement. Replace 1 porthole gaskets on Oberon. Parts & Labor	282.76
	Maintenance Reimbursement. Cleaned boat botton and prop. replaced zincs.		180.73
		Installed spreader tip rollers and taped bailing wire. Parts and labor.
	Maintenance Reimbursement.  Prior ATH ownership outstanding maint. expenses		147.85
		per Dixies spreadsheet.
	TAXES											No Tax Chg'd
	Total Bill										611.34


Scott,

I appreciate your input. Thanks.

Vince

Scott Stoness@EES
11/19/2000 08:48 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Paula Warren/HOU/EES@EES
Subject: Re KRISHNARAO, PINNAMANENI V Review

I made a mistake and put comments for another person into Krishnar's PRC.
Please make sure that you ignore it if I can't get it fixed.  Below is what I
intended to put in.  My apologies.

I will get my assistant to get it deleted and put this information in on
monday.  It won't let me do it now.  I guess it does not pay to leave 30 or
40 reviews to the last day.  Paula: Please fix this for me and let Vince know
either that it is fixed or cannot be fixed.

Innovation/Entrapraneurship
No Basis

Communicating Goal Setting
No Basis

Team Work / Communication
Excellent.  Very easy to work with and get along with.

Business Instincts
Excellent.  Krishnar is consistent in asking to help out and asking what more
he could do to help us out.

Analystical Technical
Excellent.  Krishnar has a very strong grasp of what we are doing and how it
should be done.

Overall
Excellent.  My interactions with Krishnar have been limited but positive.
Krishnar is always positive with a positive attitude to get the job done.

Strengths:
Very strong analytical skills with a desire to add value.

Areas for Improvements
I don't understand Krisnar's role (is leading all research people on our
floor or just some) well and have had limited interaction with him.  {all has
been positive when it has ocurred} This suggests that Krishnar might spend
more time define what his people are doing and getting feedback about their
performance, and developing the project scope better.


Steve & Frnak

I'm sure you guys know about Clay Basin.  Anyway Kitchen just called and said we have 30 days to get all the gas out of the interruptible storage account about 36,000.  So get your F@%&*+ing gas out of the ground.

Paul


I love you very much. I can't wait for us to be together again.

-----Original Message-----
From: Harris, Steven
Sent: Thursday, November 15, 2001 12:55 PM
To: Geaccone, Tracy
Subject: RE: Free Shipping & $1,300 in Savings

Thanks. I love you and miss you.

-----Original Message-----
From: Geaccone, Tracy
Sent: Thursday, November 15, 2001 12:54 PM
To: Harris, Steven
Subject: FW: Free Shipping & $1,300 in Savings

-----Original Message-----
From: Toysrus.com@toysrus.com [mailto:Toysrus.com@toysrus.com]
Sent: Wednesday, November 14, 2001 3:22 AM
To: tgeacco@enron.com
Subject: Free Shipping & $1,300 in Savings

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76-0318139

	"JASON PETERS" <PETEJ@andrews-kurth.com>
	10/13/2000 10:07 AM

		 To: <tana.jones@enron.com>
		 cc:
		 Subject: ENA

What's ENA's tax id #?


This deal is with PG&E.  I thought they were going into bankruptcy.  Can you
check and see if this is a wrong co name or what.

Thanks!


Below is a copy of the Order lifting the $250/Mwh hard price cap for
California ISO/PX.
FERC has also posted a notice of a  Dec. 15 special mtg. re the investigation
into the California market last summer.
Various Enron units continue to receive informal data requests from FERC
staff regarding current California gas/electric
Steve Kean has asked that all inquiries be coordinated through Sarah Novosel
in the DC office.
Leslie Lawner is preparing Enron's response to the SDG&E emergency petition
to put a cap on gas sales.

              COMMISSION MOVES TO BRING RELIEF TO CALIFORNIA
                            ELECTRICITY MARKETS

          In response to emergency conditions that exist in the
     California electricity markets, which have faced supply shortages
     and snowballing prices, the Federal Energy Regulatory Commission
     today approved a price cap change requested by the California
     Independent System Operator (ISO).   The Commission also took
     steps to permit qualifying facilities (QFs) to operate at full
     capacity.

          The ISO's purchase price cap of $250/Mwh will be lifted.
     Bids above that amount will be allowed but will not set the
     clearing price paid to all sellers, as does the current purchase
     price cap.  This should attract more bids and alleviate chronic
     supply shortages.

          Those bidding above $250 will be required to report their
     bids to the Commission on a weekly basis and provide certain cost
     information.

          The non-profit ISO and PX began operations in California in
     1998.  The PX is the scheduling coordinator for the IOUs as well
     as other market participants.   The ISO operates and controls
     most of the transmission system in California.

          In addition to the $250 purchase price cap, the Commission
     also authorized the ISO to penalize participating generators that
     refuse to operate in response to an ISO request in an emergency.
     They will be charged an amount equal to twice the highest price
     the ISO paid for energy for each hour in which the participating
     generator failed to respond.

          The ISO's costs of obtaining energy through bids above the
     purchase price cap or through out-of-market dispatches will be
     assigned to scheduling coordinators who depend too much on spot
     markets.

          The Commission's second order enables QF entities to
     generate at full capacity which in the past could have caused
     them to lose QF status.  QF generators are small power producers
     that use alternative fuels, such as solar or biomass, and
     cogenerators that produce both electricity and steam for
     commercial use.

          The order on QF entities was in response to a request from a
     California QF.

          The orders are effective immediately.

          To view the Commission orders in full go to "What's New" at
     www.ferc.fed.us.

     R-00-82                                                     (30)


ENGAGE


do you guys want to play golf sat morning?  let me know and i will get a tee
time before the game.


that's what i get for believing you!  why did you ask me if you were in trouble in your e-mail?  i just read it.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 10:01 AM
To:	Nelson, Michelle
Subject:	RE:

ok sarah is

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 10:00 AM
To:	Maggi, Mike
Subject:	RE:

that's cute.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:57 AM
To:	Nelson, Michelle
Subject:	RE:

yep

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:57 AM
To:	Maggi, Mike
Subject:	RE:

you're cooking?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:55 AM
To:	Nelson, Michelle
Subject:	RE:

i am cooking, how about you

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:52 AM
To:	Maggi, Mike
Subject:	RE:

i think that you were telling me that you had a big mouth and that you were going to be nice to me this week.  what are you doing for thanksgiving?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:51 AM
To:	Nelson, Michelle
Subject:	RE:

i got a little busy, where were we

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:51 AM
To:	Maggi, Mike
Subject:

where did you go?


Thought you may be interested.

---------------------- Forwarded by David Baumbach/HOU/ECT on 05/01/2001
12:09 PM ---------------------------
From: Andrea Richards/ENRON@enronXgate on 05/01/2001 11:50 AM
To: David Baumbach/HOU/ECT@ECT
cc:
Subject: Analyst Na (Lena) Zhu

David, per my telephone message to you today, I am attaching a resume for
Lena Zhu.  Lena is needing to relocate from our Portland office as soon as
possible.  We have to find a home for her immediately.  Her choices are very
slim; therefore, she cannot be very picky at this time.  She was originally
needing to move out of the program in August, 2001 but her time has been
extended to December, 2001 at which time, she will need promote to an
Associate.  Please review her resume and if you are interested in talking to
Lena, you may call her directly.  I will contact you to discuss your interest.

Thanks in advance for your consideration.

Andrea Richards
Career Development
713-853-6499


"Privileged and Confidential"

Please note: I have not sent this memo to GPC.

1.  Meeting with Alberta Department of Resource Development

Rick Shapiro, Aleck Dadson, and I met with two senior officials from the
Alberta Department of Resource Development last week (Larry Charach,
Executive Director, Electricity  and Stan Wenger, Assistant Deputy Minister,
Gas & Alberta Markets) and it is our view that the ADRD is not aware of
Project Stanley based on some rather awkward questions we were asked by Larry
Charach relating to our views on whether Powerex has complied with the spirit
of the rules in Alberta.

2. Meeting with TransAlta and Other Alberta Marketers

I attended a meeting of Alberta marketers last week hosted and organized by
TransAlta's trading group.  TransAlta proposed the companies in attendance
form a coalition whose mandate and objective would be to retain counsel (U.S.
and Canadian) along with possibly other experts to assist the coalition in
formulating a strategy designed to address concerns of the invited market
participants with B.C. Hydro Power Supply, B.C.Hydro Grid Operations and
Powerex's alleged improper use of the Network Economy Tariff provisions in
the B.C. Hydro Wholesale Transmission Tariff.

The attendees at the meeting included representatives from 4 of the 5 Alberta
PPA Buyers, namely Enron, TransCanada Power, Engage Energy, and Enmax along
with Atco Power, PanCanadian, Duke Energy, and Aquila.  In addition, although
Bonneville Power Administration was not in attendance it was interesting that
TransAlta advised that BPA  shared TransAlta's concerns and was interested in
working with this group to address these concerns.

At the meeting TransAlta walked the group through a specific example of a
situation that occurred in May 2000 where TransAlta alleges that both it and
TransCanada Power were blocked from using scheduled interruptible
transmission capacity out of Alberta by B.C. Hydro Power Supply through its
use of the Network Economy provisions in the B.C. Hydro Wholesale
Transmission Tariff (which has a higher priority than interruptible
transmission) during a period when prices were considerably higher in the
Pacific Northwest than in Alberta.  As a result of the interruption of
TransAlta's and TransCanada's interruptible transmission reservation,
transmission capacity between Alberta/BC border and BC/US border became
available and was immediately acquired by B.C. Hydro Power Supply and used to
support Powerex exports during these periods into the U.S.    TransAlta
estimates the opportunity cost  of this curtailment to TransAlta was $2
million.

TransAlta's frustration is no surprise to Enron Canada.  I can advise that I
wrote a memo to John Lavorato dated March 17, 2000 in which I reviewed
Enron's concerns regarding the behavior of B.C. Hydro Power Supply  and
Powerex that is very similar to the allegations presented by TransAlta.  The
purpose of my memo to John L was to outline my initial thoughts on what Enron
Canada may wish to do to attempt to stop this abuse and was focused on the
idea of proceeding with a complaint to FERC that B.C. Hydro Power Supply and
Powerex were exercising transmission market power.   Enron Canada did not
pursue this any further at the time.

Among the ideas reviewed by TransAlta with the group to address and rectify
the abuse it alleges exist on the transmission path between Alberta and the
U.S. Pacific Northwest included:
 i) a complaint to ADRD and a request they become involved;
 ii) a complaint to the Alberta Market Surveillance Administrator;
 iii) a complaint to FERC;
 iv) a complaint to the BCUC;
 v) a complaint to the B.C. Government;
 vi) a complaint to the NEB;
 vii) a complaint to the Competition Bureau; and/or
 viii) a NAFTA complaint.

With respect to TransAlta's comments relating to the Competition Bureau, they
advised the group that they have spoken to the Competition Bureau about their
concerns and were told by the Competition Bureau that it is monitoring the
Alberta electricity market.   Based on the description provided by TransAlta
of its discussions with the Competition Bureau and other comments made by
TransAlta at the meeting I do not believe TransAlta is aware of Project
Stanley.    I believe the comments made by the TransAlta trader Enron's
trader last month about the Competition Bureau were not about Project Stanley
but were in the context of TransAlta complaining to the Competition Bureau
about B.C. Hydro Power Supply and Powerex's alleged abuse of the Network
Economy provisions in the Tariff.

The next step in the coalition building process is a meeting on September 11,
2000 of those companies that wish to proceed to form a coalition.  The idea
is that the coalition members would work out the terms of confidentiality
documentation prior to any member sharing historical information that it may
wish to provide relating to potential abuses by B.C. Hydro Power Supply or
Powerex.  In addition they intend to begin to consider which of the possible
courses of action described above would be most effective.  It appears from
the discussion at the initial meeting that the option that involves a
complaint to FERC is the most favored by TransAlta at this time.  Finally,
they intend to discuss a preliminary budget which TransAlta suggested may be
in the range of $500,000 Cdn if the group elects to proceed with a complaint
to FERC.

There are without question a number of reasons why a decision that Enron
Canada should not even consider having any part of this coalition in view of
the Project Stanley matter is the safest strategy.  Having said this, Enron
Canada has a significant commercial interest in seeing this coalition (with
or without Enron) achieve its objective to reduce or eliminate B.C. Hydro
Power Supply's and Powerex's ability to use the Network Economy Service to
block its competitors from access to import capacity into Alberta and export
capacity into the U.S.   Enron Canada's recent acquisition of the Alberta
Sundance B PPA (700 MW of capacity dispatch rights in Alberta) makes this
issue even more commercially significant as the ability to contract for
transmission capacity without the risk of a reasonable probability of
curtailment as a result of B.C. Hydro Power Supply invoking Network Economy
Service would represent a significant risk mitigant for Enron's Sundance B
long position.   There is also some benefit of participating in the coalition
to influence the direction it takes and to stay abreast of what it is doing.

I have discussed the matter with Rob Milnthorp and he agrees that the
decision to participate in the coalition would obviously have to be
considered and approved by those managing the Project Stanley issue.   If the
decision of the Project Stanley team is that Enron Canada must steer clear of
this coalition because of Project Stanley, then Rob M and other commercial
guys in ENA who do business with Powerex will not need to give further
consideration to additional reasons why Enron Canada may elect not
participate such as: i) the implications on Enron Canada's and ENA's
commercial relationship with Powerex, ii) whether Enron Canada  would be
prepared to commit to anything more than attending the first meeting of the
coalition with a view to understanding the nature of the confidentiality
obligations, the favored course of action, and the budget,  iii) whether
Enron Canada would explicitly reserve the right to withdraw from the
coalition at any time, and iv) whether Enron would want to be in a coalition
with BPA who I understand we believe may also be engaged in exercising
transmission market power .  To complicate this further, Enron Canada is
presently being sued by TransAlta over the interpretation of the wording in
two swap transactions and Rob Milnthorp has indicated that Enron Canada will
not agree to participate in any coalition with TransAlta unless and until
TransAlta discontinues this lawsuit.

I look forward to your comments and feedback on this issue.

Regards,

Rob


Steve - So far all that's been posted is the Amaren RTO order.  I've attached
it below as a text file.   I'm also overnighting a copy of it to you, along
with the charts we discussed.  We'll check for the other orders first thing
in the morning and send them to you if they've been posted.

Also, Bob Frank gave me a copy of the Judge's recommendation to send to you,
and the text file for that is attached below.

Talk to you later,
Elizabeth


"paulhastings.com" made the following annotations on 04/04/01 12:27:50
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Attached is a  revised version of the LLC Agreement.?
?
Please let me know  as soon as you can if these changes are acceptable so
that we can attached this  version to the Letter Agreement.?
?
Thanks.
?
Suzanne
?

_____________
Suzanne Pepe
Paul, Hastings, Janofsky & Walker LLP
1055 Washington Blvd.
Stamford, Connecticut 06901
Note New E-Mail suzannepepe@paulhastings.com
Phone: (203) 961-7432
Fax (general):? (203) 359-3031
Fax (dedicated): (203)  674-7632
 - Salmon Energy LLC Agreement.DOC


Thanks Jeff!  One big benefit is that I'll be down here so I can keep a
closer eye on you guys!  df

From: Jeffery Fawcett/ENRON@enronxgate on 03/09/2001 08:07 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Organization Announcement

Drew,
Congratulations!  Well deserved, I might add.  I hope that in your new lofty
position, you don't forget the "little people."

 -----Original Message-----
From:  ETS General Announcement/ET&S/Enron@ENRON
[mailto:IMCEANOTES-ETS+20General+20Announcement_ET+26S_Enron+40ENRON@ENRON.com
]  On Behalf Of Stan Horton, Chairman & CEO@ENRON
Sent: Wednesday, March 07, 2001 10:58 PM
To: Enron Transportation Services Operations@ENRON
Subject: Organization Announcement

Michael Moran, currently Managing Director and General Counsel for ETS, has
decided to retire after a distinguished 27-year career with Enron.   Mike has
been a conscience and a statesman of our organization and it is hard for me
to imagine the ETS organization without Mike.

Fortunately, Drew Fossum, currently Vice President and General Counsel for
Northern Natural Gas and Transwestern, has accepted my offer to become Vice
President and General Counsel of ETS effective April 1, 2001.  Drew will
relocate to Houston and report to me in his new role.

To assist with transition issues and special projects, Mike has agreed to
stay on board for several months as Managing Director and Special Counsel to
the Chairman and will continue to report to me.

Please join me in congratulating Drew on his new assignment and thanking Mike
for his many contributions to ETS and Enron.


talk to me later

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Here is a draft of that I think the guarantee, schedule should look like when
we attach to Kern agreements.
Comments.

BT