<<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
--------------------------------------------------
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

 - jgtk01!.DOC
 - RED FUELCELL AGR.DOC


Please be advised that the location of the meeting has been changed to
EB30C1.  See you at Noon-1:30 p.m.

In Suzanne's absence today, please RSVP to me at your earliest convenience.

Best regards,

Taffy Milligan
X57373


time to break out some of the old plays?
---------------------- Forwarded by Eric Bass/HOU/ECT on 10/18/2000 11:39 AM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           10/18/99 06:03 PM

To: Timothy Blanchard/HOU/EES@EES, Matthew Lenhart/HOU/ECT@ECT
cc:
Subject: MORE PLAYS


Hi!   Thanks for the update, it is good to hear from you.  Sorry Grayson is
being a crybaby.  It is tough being a baby, I think.  How did the doctor's
app't go?  Bet you are ready for the weekend so Jim'll be around all day.
Every working mom I know could not wait to get back to the office after
maternity leave.  I think the daycare arrangement is generally best for
everyone.  Baby gets a head start on her social life, and the parents can't
wait to see the kid at the end of the work day!  Most everyone I know is
raising their kids that way, and they seem to be turning out fine.  Even the
handful of stay-at-home moms I've met leave their kids with someone several
days a week, for sanity's sake.

Had lunch with Mema on Wednesday at Treebeards.  I get the impression that
she's gotten the message that you and Jim don't exactly want her dropping in
for spontaneous visits, so that's good.  I always enjoy meeting her for
lunch--for some reason she's always on best behavior, and we always run into
my coworkers and friends who just think she's the greatest.  Thank God she
can never remember their names, or she might start calling them for lunch.

Bill and I saw a play at Diverse Works last night called "Fucking A."  It was
a take-off on The Scarlet Letter.  I thought it would be funnier but it was
actually pretty dark.  The bearer of the letter A was an abortionist in a
strange land working to pay her son's way out of jail.  Despite the subject
matter it was one of the best plays I've seen in a very long time.  Diverse
Works is an art space in the warehouse district directly north of downtown.
(Nancy Littlejohn (Worthington) has her art gallery nearby.)  They mostly
sponsor dance, dramatic and performance art productions.  A lot of it is
really over the top, but I've seen some cool things there.  One of my friends
at work is trying to get me to serve on the board of directors, so I've been
hanging out there to see whether I like the people.

Work is driving me nuts, but that's what they pay me for, I guess.

Time to read more FERC cases.  I don't wanna FERC, I just want to bang on the
drum all day.

Hang in there, and please send more news of little bug!

Love,
Susan


Melba:

This product type is fine.  Please send this revised product to Mark for his
approval.  (Let Dale know that I have had a couple of urgent NetWorks matters
come up and may not get to the power products until tomorrow.)

Leslie

	Melba Lozano
	10/17/2000 10:48 AM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc: Claudio Ribeiro/Corp/Enron@Enron
		 Subject: US Pwr Fin Swap (Weather Desk) FINAL VERSION

US Pwr Fin Swap  PJM DemPk 10/MW         Nov00           USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp.,
under which the Seller is obliged to pay the Payment Amount to the Buyer
where the Floating Amount is above the Strike Amount, or where the Buyer is
obliged to pay the Payment Amount to the Seller where the Floating Amount is
below the Strike Amount.  The Strike Amount is the amount in Megawatts
submitted in the "price" field by Counterparty via the website. The Notional
Amount is the product of the quantity submitted by Counterparty via the
website and the Pay Unit. The Payment Amount is the product of (i) the
Notional Amount and (ii) the absolute value of the difference between the
Floating Amount and the Strike Amount.  The Payment Amount will be payable on
or before ten (10) business days after the Floating Amount for the
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 01 Nov
2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads
for Peak hours on each Delivery Day during the Calculation Period. The
Floating Amount shall be calculated utilizing the hourly integrated loads
published by PJM Interconnection, LLC ("PJM") on its official web site
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or
any successor thereto, under the heading "PJM Hourly Load Data".
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and
the quantity shown shall be in total MWs.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.
The Pay Unit is 10 USD.

---------------------- Forwarded by Melba Lozano/HOU/ECT on 10/16/2000 03:49
PM ---------------------------

From:  Melba Lozano
  10/12/2000 11:04 AM

To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT
Subject: US Pwr Fin Swap (Weather Desk) EXTERNAL - (REVISED LANGUAGE)

PLEASE SEE REVISED EXAMPLE:

US Pwr Fin Swap  PJM DemPk 10/MW         Nov00           USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp.,
under which the Seller is obliged to pay the Payment Amount to the Buyer
where the Floating Amount is above the Strike Amount, or where the Buyer is
obliged to pay the Payment Amount to the Seller where the Floating Amount is
below the Strike Amount.  The Strike Amount is the amount in Megawatts
submitted in the "price" field by Counterparty via the website. The Notional
Amount is the product of the quantity submitted by Counterparty via the
website and the Pay Unit. The Payment Amount is the product of (i) the
Notional Amount and (ii) the absolute value of the difference between the
Floating Amount and the Strike Amount.  The Payment Amount will be payable on
or before ten (10) business days after the Floating Amount for the
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 01 Nov
2000 (Initial Date) to and including the Termination Date of 30 Nov 2000 (End
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads
for Peak hours on each Delivery Day during the Calculation Period. The
Floating Amount shall be calculated utilizing the hourly integrated loads
published by PJM Interconnection, LLC ("PJM") on its official web site
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or
any successor thereto, under the heading "PJM Hourly Load Data".
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and
the quantity shown shall be in total MWs.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.
The Pay Unit is 100 USD.

---------------------- Forwarded by Melba Lozano/HOU/ECT on 10/12/2000 10:58
AM ---------------------------

From:  Melba Lozano
  10/12/2000 10:32 AM

To: Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Jeff
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT
Subject: US Pwr Fin Swap (Weather Desk) EXTERNAL

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail).

This Product Type is already offered in production to INTERNAL customers on
the website.  It now needs to be offered to EXTERNAL customers.

EXAMPLE:
US Pwr Fin Swap  PJM DemPk 10/MW         02-06Oct00      USD/MW

A US Power Demand Financial Swap Transaction with Enron North America Corp.,
under which the Seller is obliged to pay the Payment Amount to the Buyer
where the Floating Amount is above the Strike Amount, or where the Buyer is
obliged to pay the Payment Amount to the Seller where the Floating Amount is
below the Strike Amount.  The Strike Amount is the amount in Megawatts
submitted in the "price" field by Counterparty via the website. The Notional
Amount is the product of the quantity submitted by Counterparty via the
website and the Pay Unit. The Payment Amount is the product of (i) the
Notional Amount and (ii) the absolute value of the difference between the
Floating Amount and the Strike Amount.  The Payment Amount will be payable on
or before ten (10) business days after the Floating Amount for the
Calculation Period is determinable.
The Calculation Period is from and including the Effective Date of 02 Oct
2000 (Initial Date) to and including the Termination Date of 06 Oct 2000 (End
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads
for Peak hours on each Delivery Day during the Calculation Period. The
Floating Amount shall be calculated utilizing the hourly integrated loads
published by PJM Interconnection, LLC ("PJM") on its official web site
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or
any successor thereto, under the heading "PJM Hourly Load Data".  The
transaction is for on-peak ("Peak") hours on each Delivery Day beginning with
the hour ending 0800 (7:00 am) and concluding with the hour ending 2300
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or
Friday, excluding any day that is a NERC holiday.
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatts and
the quantity shown shall be in total MWs.
The Reference Basis is 65 Degrees Fahrenheit and the Reference Degrees are in
Fahrenheit.
The Pay Unit is 100 USD.
The Maximum Payout Limit is 20000 USD, multiplied by the quantity submitted
by the Counterparty via the website.

==============================================================================
=====
STEPS FOR APPROVAL:

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

Thanks - Rob Cass  -  Melba Lozano
x35491   x58986


Pioneer Energy Marketing Company, Inc.
CP #56968
Contract #96017762

The CP system shows this CP was inactivated on 6/27/01.  Counterparty's comments are, "There was a name change from Aurora Natural Gas & Associated Products, LLC that record existed in GCP as a source record but has been inactivated.  Golden Prairie Resources LLC was created as a result of that name change and Pioneer was sold to Golden Prairie.  Effective 11/14/00, have documents in hand."   Do you know anything about this?  Can this contract be terminated?

Union Pacific Railroad Company
CP #46702
Contract #96000011

The CP system shows this CP as inactivated on 07/27/00.  Counterparty's comments are, "This record is suspended until 8/1 when it will be inactivated.  This CP merged with Southern pacific Transportation Company effective 02/01/98.  Southern Pacific was the survivor and on the same day changed its name to Union pacific Railroad Company.  The name change was overlaid on the old Southern Pacific record which created 2 active records i/n/o Union Pacific Railroad Company."  Do you know anything about this?  Can this contract be terminated?

Vitol Gas & Electric LLC
CP #48327
Contract #96000719

The CP system shows this CP as Suspended. Counterparty's comments are, "Suspended record per credit request.  Trades now through Avista Energy, Inc. per personnel at Vitol and Avista.  Changed world patent link since Avista Energy, Inc. purchased Vitol."  Do you know anything about this suspension?  Is it okay to suspend their contract also?

Merrill Lynch International Bank
CP #26625
Contract #95001235

The CP system shows this CP as Suspended. Counterparty's comments are, "Record suspended with credit's OK pending inactivation.  Per Leslie Campbell, Credit, no contracts are attached to this record.  All business will be conducted i/n/o Merrill Lynch International Bank, Ltd, New York Agent.  CP ID 86954.  Per Jorge Garcia, ENA FX, this is actually a name change.  I will verify and request documents."  Do you know anything about this suspension?  Is it okay to suspend their contract also?

Georgi Landau
Enron Net Works
(Ph) 713/345-4435
(Fx)  713/646-2495


--- Colin.Powell@usa.com wrote:
> From: Colin.Powell@usa.com
> To: daphneco64@yahoo.com
> Subject: A Message From Colin L. Powell
> Date: Mon,  6 Nov 2000 02:22:18 -0800 (PST)
>
> Dear Kathy Bass,
>
>
> In the life of nations, great turning points and
> pivotal elections are not always obvious at the
> time.  Circumstances change, politics is full of
> surprises, history is unpredictable.  But for many
> reasons, November 7, 2000 stands out with unusual
> clarity as a moment of decision.  I am voting for
> our Republican team, and I urge you to do so as
> well.
>
> We have offered a positive vision of hope,
> opportunity and common sense reform.  We have
> forthrightly addressed the big issues: education,
> Social Security, access to quality health care for
> all Americans, tax relief, and a strong national
> defense.
>
> Our team has not flinched from tough choices.
>
> We have campaigned in a spirit of good faith,
> inclusiveness, and optimism.  Our candidates have
> earned our enthusiastic support.
>
> We must, however, guard against apathy.  Please be
> sure you, your family, and your friends and
> neighbors get out and vote.
>
> For a variety of reasons too numerous to discuss
> here, voter turnout in the United States in recent
> decades has been low and is declining.  In fact, it
> is likely that barely half of the eligible voters
> will make the effort to get to the polls on November
> 7.  I ask you to make a special effort to be among
> them.  Don't think for a moment it doesn't matter.
> It does matter and you have an obligation to vote.
>
> We have an extraordinary opportunity on November 7.
> The Cold War is over, but we need coherent and
> principled leadership for a rapidly changing world,
> and a military ready to deter war if possible and
> win decisively if necessary.  We are committed to
> these principles.
>
> At home, the economy is strong and the budget is
> balanced.  A growing surplus provides the means to
> both cut taxes and finance important reforms.  On
> education, Social Security and health care, our
> Republican team is right and our opposition is
> wrong.
>
> On the social issues that have divided our nation
> for so long, we are committed to forge a bi-partisan
> approach to solving America's problems.  We are
> committed to a future that leaves no one behind.  We
> believe individual liberty is rooted in personal
> responsibility.
>
> The moral dimension of leadership respects the moral
> and religious foundations of our Republic.  We trust
> the American people to manage their own lives.
>
> For all these reasons, it is important for each and
> every one of us to vote on November 7.  We have as
> clear a choice as America has faced in at least a
> generation.  Your vote does count.  Please join me
> in helping elect our Republican team.  Thank you.
>
> Sincerely,
>
> Colin L. Powell
>
>
>
---------------------------------------------------------------------------
>
> HELP GET THE WORD OUT!
>
> The election is tomorrow.  Help us spread the word
> by forwarding this email to a friend.
>
> http://www.echampions2000.com
>
> Thank you!
>
> PAID FOR BY THE REPUBLICAN NATIONAL COMMITTEE
>
> If you wish to unsubscribe from the eChampion
> mailing list, simply click here:
>
>
http://mail.echampions2000.com/GoNow/a14064a26208a56611875a0
>
>
>
>
>
>
>

__________________________________________________
Do You Yahoo!?
Thousands of Stores.  Millions of Products.  All in one Place.
http://shopping.yahoo.com/


Hello Nick:

I agree  e-mail is much easier.

There is a two-hour time difference between Calif and Texas, i.e., 1:00 pm
Texas Time - 11:00 am Calif time.

Would tomorrow at 11:00 am Calif time be ok with you (1:00 pm Texas)?
This time is fine for Vince, Tom Gros and Stinson Gibner.

Can they call you and if so, what number?

Please let me know.

Thanks!

Shirley
713-853-5290

Nick Bambos <bambos@stanford.edu> on 03/16/2000 12:28:58 PM
To: Shirley.Crenshaw@enron.com
cc: bambos@stanford.Stanford.EDU
Subject: Re: Visit to Enron

Shirley,

It's easier to communcate by e-mail, since I am moving from
meeting to meeting (but I have the laptop always with me).

Please give me a phone number that I could call tomorrow.
What is the time difference between California and your
location? I think it's 2 hours (CA->TX) - is that right?

I can do the conference call any time from 9-11 CA time.
Would that be OK on your side?

Thanks,

Nick

Vince.J.Kaminski@enron.com wrote:
>
> Nick,
>
> We can close the loop on our commitment to support the research projects
> before your visit to Enron.
>
> My assistant, Shirley  Crenshaw, will call you to set up a conference call
> with me, Stinson Gibner,
> and Tom Gros from Enron Broadband Services to discuss all the isssues.
> Friday this week would work for
> both Tom and me. I think we need about 15 minutes.
>
> Vince
>
> P.S. Shirley, Nick's phone number is 650 796 8163 (cell), 650-725-5525
> (office).
>
> Nick Bambos <bambos@stanford.edu> on 03/12/2000 05:32:35 PM
>
> To:   Vince.J.Kaminski@enron.com, bambos@stanford.Stanford.EDU
> cc:
> Subject:  Visit to Enron
>
> Hello Vince,
>
> It was nice seeing you at Stanford and many thanks for the lunch
> we had together. I really enjoyed our discussions, both at the
> technical level and otherwise.
>
> I promised to send you an e-mail regarding possible dates for
> a visit to Enron. I delayed it for a week till my schedule was
> clearer. Let's see if we can get a match with your schedule -
> mine is rather terrible:
>
> Friday, 21st of April looks good. But April 23rd is Easter
> Sunday, so that may make it difficult for some people at Enron
> to be around. Let me know if that is the case. I am willing to
> visit then, because the week after that I am scheduled to be in
> Japan and in the previous weeks I am all committed on Fridays.
>
> Friday, 19th of May is the next possibility, but this probably
> is too far out. The main problem is that I am operating within
> a window of opportunity for attracting top students for this
> research. This window closes by the end of April, and it would be
> important for the student support funds to be in place then, so
> that I can make hard commitments to students and attract top
> talent. I am already reviewing files of students who have
> approached me for PhD advising, and I am in a mode of doing "soft
> commitments to star-level students" to get this research and its
> potential on their radar screen. Top students are highly sought
> after by advisors and I want to be an early player in this
> competition.
>
> Does my visit to Enron have to happen before we can set up the
> project and student support at Stanford? If so, doing it before the
> end of April is important for getting top people. If the visit can
> happen after we get the ball rolling, then we can schedule it in May.
> I assume there will be multiple visits both ways when the project gets
> going. Please let me know what you think.
>
> Best Regards,
>
> Nick


Bill and Tanya:

I am resending this memo to you in light of what I understand is a 3-year
deal that Craig Breslau has done with MARTA (Metropolitan Area Rapid Transit
Authority).  I need to advise Mark Haedicke of the details as soon as
possible since MARTA is a public entity and we do not have an executed Master
Agreement with MARTA.  We sent a draft document to MARTA on May 11, 2001.
Until we resolve the "capacity" or "authority" issue, there is significant
legal risk attached to transactions with governmental entities.

I left a message for Jay Williams to please advise me of trade details.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/17/2001 05:19 PM -----

	Sara Shackleton
	09/21/2000 04:14 PM

		 To: William S Bradford/HOU/ECT
		 cc: Dorothy Youngblood/HOU/ECT@ECT
		 Subject: Municipalities Memo

Bill:  The attached memo was distributed to legal last week.  We have had a
number of questions arise on the power side lately regarding financial
transactions (ranging from short term to quarterly) with governmentals.  As
you will see in the memo, the risks are significant.  Please let me know if
you have any questions.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/21/2000 04:09 PM -----

	Brenda Whitehead
	09/11/2000 09:16 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Sandi M
Braband/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT, Peter del
Vecchio/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT,
Barbara N Gray/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT,
Dan J Hyvl/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT,
Lisa Mellencamp/HOU/ECT@ECT, Janet H Moore/HOU/ECT@ECT, Janice R
Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, David
Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Steve Van
Hooser/HOU/ECT@ECT, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Anne C
Koehler/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT,
Robert Bruce/NA/Enron@Enron, Angela Davis/NA/Enron@Enron, James
Grace/Corp/Enron@ENRON, Mark Greenberg/NA/Enron@ENRON, Brent
Hendry/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Martin W
Penkwitz/NA/Enron@Enron, John Viverito/Corp/Enron@Enron, Karen E
Jones/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT,
Christian Yoder/HOU/ECT@ECT
		 cc:
		 Subject: Municipalities Memo

per the request of Mark Haedicke/Elizabeth Sager, please see this
attachment:


Dear Speakers,

I understand how awfully busy you must all be at  this time, but I would appreciate a phone call or a quick email to confirm  that you ahve or have not, for that matter received the speaker packets I sent  to you May 2, 2001.  please advise as soon as possible, that way, if yo  have not, for whatever received them, I will know what steps to take from  there.

All the best.

Sincerely,

Joanna Vidal

PS: My contact  details are posted below.

Joanna Vidal
Events Coordinator
Risk Waters  Group
T: (212) 925 1864 ext. 197
F: (212) 925 7585jvidal@riskwaters.com www.riskwaters.com


Any changes similar to what you are discussing would have to be adopted through rule-making.

>>> "Taylor, Michael E" <Michael.E.Taylor@ENRON.com> 09/18/01 02:16PM >>>
Jimmy,

What happens if:  one county in zone 3 gets worse, can it be changed to
zone 2?  If so, would credits created previously created in that county
while it was zone 3, count as zone 2 credits?

Michael Taylor
Coal and Emissions Trading
Enron Global Markets
(713) 853-1885

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


I agree that it is difficult to stomach the idea of supporting a rate cap and
don't  believe we should.  However, a rate cap will not necessarily kill our
value proposition in CA.  From a product standpoint, a rate cap will push us
back to a "discount off of frozen tariff" product as we will be able to
offfer some discount based on the shoulder months (assuming there are any
left) and based on how long the rate cap lasts.  As you are aware, this is
the most successful product we have had in CA.  and customers are comfortable
with it.  If the caps last long enough, we can go past the rate freeze period
and offer pretty good discounts.  Additionally, customers will probably want
to see this product post rate freeze based on this summer.  Additionally, a
rate cap will probably benefit our risk management folks through next summer.

Please don't misinterpret this message.  I believe we need to continue to
oppose the caps.  In my opinion, this is the slippery slope of re-regulation
that opens the door to massive uncertainty that we cannot hedge.  But, based
on the current political climate, it appears that they are inevitable.  IF
they occur, it is not the end of our ESP business.  As always, we continue to
adapt to the political wrangling that seems to occur daily.

Please call me if you wish to discuss this further.  Thanks.

Susan J Mara
08/12/2000 02:39 AM
To: Mona L Petrochko/SFO/EES@EES
cc: douglass@arterhadden.com, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/HOU/EES@EES, Douglas Condon/SFO/EES@EES, Martin
Wenzel/SFO/HOU/EES@EES, Roger Yang/SFO/EES@EES, Edward Hamb/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Jeff
Dasovich/SFO/EES@EES, Bruno Gaillard/SFO/EES@EES
Subject: Re: PHC Statement-Attorney/Client Privilege

I have some questions and coments.

WHY DOES ENRON FEEL THE NEED TO FILE SEPARATELY? We can't we file with ARM?

WHY DO WE WANT THE DISCUSSION NARROWED TO SDG&E ONLY?  I can see pros and
cons of each way.

I DO NOT SEE HOW WE CAN SUPPORT PRICE CAPS.....If we could not support them
on the wholesale side, how can we support them on the retail side?  Doesn't
it kill the ESP business?  Doesn't it eliminate any benefits of dereulation?
If we support them, we are givibng in to the unjustified terrorism that is
taking place in CA.  We don't even now whrer the monry is coming from.  What
if they expect to get it from us.  Hey, can we sue -- we can't if we SUPPORT
price caps.

WE MUST STICK WITH THE PRINCIPLES WE'VE FOUGHT FOR ALL THESE YEARS -- SOME
THINGS ARE JUST  WORTH FIGHTNG FOR.
I recommend opposition of the price caps -- the resukt of the knee=jerk,
weekly about -face by the CPUC which cannot possibly be considered to be
reasoned decision making

Mona L Petrochko
08/11/2000 04:23 PM
To: douglass@arterhadden.com, West GA, Paul Kaufman, James D
Steffes/HOU/EES@EES
cc: Douglas Condon/SFO/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Roger Yang,
Edward Hamb/HOU/EES@EES, Dennis Benevides/HOU/EES@EES
Subject: PHC Statement-Attorney/Client Privilege

Unless we receive comments by 9 a.m. p.d.t. Monday, August 14, this will be
Enron's pre-hearing conference comments relative to the Investigation opened
by the Commission.  These comments will be filed Monday.  Please make sure
Bruno is copied on your comments.

NOTE:

Rather than opposing a cap for small consumers, which I believe is imminent,
I would prefer to advocate that it apply only to small consumers, under 20
kW, and only for a limited period of time.  I would prefer to argue that the
cap should not apply to larger consumers, who  already have access to market
solutions to insulate them from market volatility.

PLEASE LET ME KNOW ASAP IF WE CANNOT SUPPORT THIS POSITION.

Dan, only one addition to PHC.  Will advise on filing.

---------------------- Forwarded by Mona L Petrochko/SFO/EES on 08/11/2000
02:01 PM ---------------------------

"Daniel Douglass" <douglass@ArterHadden.com> on 08/11/2000 01:12:49 PM
To: <Bruno_Gaillard@enron.com>, <mpetroch@enron.com>
cc: "Michelle Dangott" <MDangott@ArterHadden.com>
Subject: PHC Statement

After reviewing Mona's draft and making a few other cleanup changes, the
attached proposed final draft is attached for your review.

Since Mona and I are both on vacation, Bruno will coordinate with Michelle
Dangott of my office to finalize the filing on Monday.  Bruno, if you have
any last minute changes, please call Michelle at (818) 596-2216.  Remember it
has to be finalized by no later than 10 or so Monday morning, so we can do
the final duplicating and have the filing couriered to the CPUC in the midst
of the traffic disruption caused by the Democratic convention.

My thanks to all!

Dan

 - PHC Statement - Final.doc


Vince,

Thank you very much but I ended up finding interviewers for all the time
slots.  Paulo has volunteered to interview for 1 hour, thank you for
suggesting his name.

Kristin

Vince J Kaminski@ECT
01/17/2001 02:00 PM
To: Kristin Gandy/NA/Enron@ENRON
cc: Kevin Kindall/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON, Paulo
Issler/HOU/ECT@ECT, Bob Lee/NA/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Carnegie Interviews Super Friday

Kristin,

I shall be tied up with the Wharton group all day Friday.
I am forwarding the message to some members
of the Research Group. I hope some of them will be available.

Vince

P.S. To the Research Group. Can you, please, help Kristin?

	Enron North America Corp.

	From:  Kristin Gandy @ ENRON                           01/16/2001 02:03 PM

To: Alyse Herasimchuk/NA/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Ann Korioth/Enron Communications@Enron
Communications, Terry Yamada/Corp/Enron@Enron, Traci Warner/Enron
Communications@Enron Communications, Erik Simpson/HOU/ECT@ECT, Laura
Howenstine/Enron Communications@Enron Communications, Sarah
Wesner/Enron@EnronXGate
Subject: Re: Carnegie Interviews Super Friday

Okay group it is Tuesday and we have heard from no volunteers.  We only need
30 minutes of your time.  Is any one available on this Friday to interview?

Please Help!

Kristin

	From:  Alyse Herasimchuk                           01/12/2001 03:55 PM

To: Vince J Kaminski/HOU/ECT@ECT, Ann Korioth/Enron Communications@Enron
Communications, Terry Yamada/Corp/Enron@Enron, Traci Warner/Enron
Communications@Enron Communications, Erik Simpson/HOU/ECT@ECT, Laura
Howenstine/Enron Communications@Enron Communications, Sarah Wesner/Corp/Enron
cc: Kristin Gandy/NA/Enron@Enron

Subject: Carnegie Interviews Super Friday

We have one last group of candidates coming in for final round interviews on
Friday, January 19th. We need Interviewers for half a day (9:00 am to 11:15
am). Please let me know if you can be available for the entire morning or
what times you could be available:

9:00 am - 9:30
9:35 am - 10:05
10:10 am - 10:40
10:45 am - 11:15

I appreciate any help you can offer in submitting names for those who may be
able to interview if you can not. Thanks!

Alyse Herasimchuk
Recruiting Coordinator
Associate / Analyst Program
57339


Hurricane Elana

http://images.themes.org/resources/background.964212340.jpg


Terri Case
2404 SE Tibbetts
Portland, OR 97202
wylaya@cs.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Terri Case


thanks.  I only asked Keegan for the most recent version since I misplaced
it.   She misread my message.  In any event, I told her I'd wait for the
updated version.

Also, you know Stephanie is on vacation this week.

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

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	04/09/2001 12:36 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Keegan Farrell/NA/Enron@Enron
		 Subject: Legal Status Report

Hello Sara,

Keegan told me that you had asked her today to send to you an updated
Brokerage Agreement Status Report.   We (the legal eagles) and the business
folks agreed at the last meeting on 3/28 that I would distribute the report
every two weeks - every other Thursday.  This works best for me and Keegan.
Under that schedule, Keegan and I have planned that the report would be ready
for group-wide distribution this Thursday.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


Bill and Kate:

Attached please find the prior month adjustment items we got from Settlements for WHOURLY book.  The total P&L impact is
-$82,555.76.  Please note that this is still preliminary and please review and verify them (* I will do the same).  I am sending them to you just to give you a heads up.

In some of the items Settlements didn't put the deal number under explanation.  I have sent out an email to them so we can know what those adjustments are for.  At this time of the month Settlements are usually overwhelmed by questions and requests so they might not get back to us before Risk needs to finalize the dpr on next Tuesday morning for 8/31.  If you feel uncomfortable taking any one of the items in your 8/31's P&L due to unclear explanation or other reasons, please let me know.

Thanks,
Fran

 -----Original Message-----
From: 	Chang, Fran
Sent:	Thursday, August 30, 2001 6:12 PM
To:	Williams III, Bill; Symes, Kate
Subject:	prior month adjustments for WBOM book

Bill and Kate:

Attached please find the prior month adjusment items we just got from Settlements for WBOM book.  The total impact is -$198.13.  I have verified them and believe they are all valid.  Please take a look and let me know if you have any questions.  If you don't disagree, you shall expect to see those amounts recognized in your final P&L for 8/31/01 next Tuesday morning.

At this moment I am looking at the items we got for WHOURLY book.  I will let you know at the latest sometime Friday (8/31) afternoon when I pulled them together.

Thanks,
Fran
x7973


ok; will call you in about 15 minutes. I am on with Scott right now & will
see if he is also available.

> -----Original Message-----
> From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> Sent: Wednesday, February 07, 2001 6:52 PM
> To: schernick@bear.com
> Subject: RE: enhanced stock loan
>
>
> How about 9 am Houston (10 am New York)?   Why don't you call me?  It
> might
> be helpful for Scott to be available (we could conference him in if
> necessary).  Let me know if this works.  SS
>
> Sara Shackleton
> Enron North America Corp.
> 1400 Smith Street, EB 3801a
> Houston, Texas  77002
> 713-853-5620 (phone)
> 713-646-3490 (fax)
> sara.shackleton@enron.com
>
>
>
>
>                     "Chernick,
>
>                     Sharon               To:
> "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
>                     Confidential         cc:
>
>                     Memo-Counsel         Subject:     RE: enhanced stock
> loan
>                     (Exchange)"
>
>                     <schernick@be
>
>                     ar.com>
>
>
>
>                     02/07/2001
>
>                     05:34 PM
>
>
>
>
>
>
>
>
>
> I will call you in the am.  I am free until 11:30 NYT. What works for you?
> Do you want a business person like Scott Talento on the line with us?
>
> > -----Original Message-----
> > From:   Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> > Sent:   Wednesday, February 07, 2001 2:44 PM
> > To:     schernick@bear.com
> > Subject:     Re: enhanced stock loan
> >
> >
> > Sharon:
> >
> > I'm on my way out of the office for an appointment but will be back
> around
> > 4 or 4:30 Houston time.  I'd like a quick chat this evening or tomorrow
> > morning (before 11 am Houston, if possible).  I understand that the
> > dynamics of this deal were discussed by Russ and Jeff Kinneman/Sheila
> > Glover.  The Enron party is Enron North America Corp. ("ENA", formerly
> > named "ECT") and the $25million Enron Corp. guaranty is for the purpose
> of
> > securing payment of the 20%plus margin requirement for  illiquid
> > securities
> > held by ENA in its Bear account ("stock loan account").  I'm not sure if
> > other agreements are necessary and I was hoping that we could discuss.
> >
> > Feel free to email or call.  Thanks for your help.
> >
> > Sara Shackleton
> > Enron North America Corp.
> > 1400 Smith Street, EB 3801a
> > Houston, Texas  77002
> > 713-853-5620 (phone)
> > 713-646-3490 (fax)
> > sara.shackleton@enron.com
> >
> >
> >
> >
> >                     "Chernick,
> >
> >                     Sharon               To:
> > "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
> >                     Confidential         cc:     "Talento, Scott
> > (Exchange)" <STALENTO@bear.com>, "Miron, Russel
> >                     Memo-Counsel         (Exchange)" <rmiron@bear.com>
> >
> >                     (Exchange)"          Subject:     enhanced stock
> loan
> >
> >                     <schernick@be
> >
> >                     ar.com>
> >
> >
> >
> >                     02/07/2001
> >
> >                     01:17 PM
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Sara:
> >
> > I have made some inquiry and verified that the Bear Stearns Stock Loan
> > enhanced leveraged product is indeed what is under consideration.
> >
> > As promised, I have a brief step-by-step  explanation of such a stock
> loan
> > transaction, which is appended to this message.  There are actually two
> > possible scenarios: one where cash collateral is used for the stock
> loan,
> > the other where actual securities are used as collateral.  We understand
> > that, at least initially, you will be using bonds as collateral.
> >
> > The Stock Loan Agreement is used in connection with our current form of
> > Institutional Account Agreement which ECT may not have signed.  I
> > therefore
> > also append that agreement to this message.
> >
> > I expect you waill wnat to review these attachments before we speak
> again.
> > Again, as a reminder, I will be on vacation from Friday the 16th through
> > the
> > following week.  If you would like to speak before hand, or if you have
> > any
> > questions regarding any of the documents, please let me know.
> >
> > Regards,
> >
> > Sharon
> >
> >  <<Enhanced Stock Loan-explained.doc>>
> >
> >  <<IAA_ 9-8-00rev_clean.doc>>
> >
> > (See attached file: Enhanced Stock Loan-explained.doc)
> > (See attached file: IAA_ 9-8-00rev_clean.doc)
> > ***********************************************************************
> > Bear Stearns is not responsible for any recommendation, solicitation,
> > offer or agreement or any information about any transaction, customer
> > account or account activity contained in this communication.
> > ***********************************************************************
> >
> >  << File: Enhanced Stock Loan-explained.doc >>  << File: IAA_
> > 9-8-00rev_clean.doc >>
>
>
> ***********************************************************************
> Bear Stearns is not responsible for any recommendation, solicitation,
> offer or agreement or any information about any transaction, customer
> account or account activity contained in this communication.
> ***********************************************************************
>
>
>

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


Osman,

Kevin Kindall is working on the
methods for operational risk.

Please, schedule a meeting with him and  Tanya
(myself included).

Vince

Osman Sezgen@EES
01/02/2001 02:02 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: VAR for business risk

Vince,

I am sorry that I had to miss the staff meeting today.

I am working on the PremiumPower issues--trying to set up a
meeting with Global Markets. I read their Business Plan and
will talk to Vasant to update him on the types of products they are
developing.

Another set of issues is related to including business risk (non-market risk)
into the VAR calculations. Several groups here need such
methodologies. Can we set up a brainstorming session when your
schedule permits?

Happy New Year,
Osman


No issues, and this will benefit Enron company wide.  It will come out of
either Kristie Patrick's (in Mark Palmer's office) or my budget.

Jeff

Alan Aronowitz
12/07/2000 03:12 PM
To: Cindy Olson/Corp/Enron@ENRON
cc: Elizabeth Labanowski/EPSC/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
Subject: Enron Gift to Wharton School

Cindy:

I have just received from Jeff Shankman's office under a cover letter dated
November 9, 2000 a draft of a Gifting Agreement between The Wharton School
and Enron, outlining a gift of $1,000,000 to Wharton for its eBusiness
Initiative at the Corporate Partner level. The draft reflects that we would
pay $250,000 for each of the next 4 years, commencing in December 2000.  My
understanding is that Jeff Shankman and Jeff Skilling have approved of this
gift.

Before we finalize this arrangement, are you aware of any
issues/matters/provisions that Enron typically attempts to deal with in these
types of gifting arrangements? I just want to make sure that we don't
overlook anything material. If you would like to see a copy of the draft
Agreement, I can have it delivered to you.

Your prompt reply is appreciated.Thanks.

Best Regards, Alan


Hi Steve -

I won't be able to make the call on Monday.

I'd be happy to volunteer not to be on the negotiating team.  It sounds
like there's no shortage of people who want to be on the committee.

My big issue is default service.  This industry needs real customers and
the only way to get real customers is to get rid of default service.
Starting with big customers, along the lines of the core/non-core gas
model, is the best way to go.  The only way to sell this, however, is to
get the big customers to agree it's a good idea.

J. Stuart Ryan
AES Pacific
Suite 3300
100 Pine Street
San Francisco, CA   94111

office:  415 395 7887
mobile:  415 608 0080


Here is the transcript of the ISO's real-time desk asking Enron real-time
trader Ryan Slinger to help the ISO "set" the market-clearing price ("MCP")
for replacement energy.  The ISO wanted Enron to help set the MCP for
replacement energy at $91.86, because the ISO was upset that the MCP had
dropped to a penny, and now market participants were buying the ISO's excess
energy a penny (after having sold it to the ISO for $91 the day before).

There are two phone calls.  The first call is the ISO calling to ask us to
help it to set the price.  The next call occurs three minutes later and is
the ISO calling because we didn't put in the bid.  Our trader told the ISO
that he had to "talk to his boss" because he "didn't want to do anything
wrong."

Note:  I have just learned a complicating detail:  Coincidentally, our desk
did put in a bid for $91.86 for Hour 18, which was what the ISO had
requested.  However, the bid had been formulated before the ISO called our
desk.

Transcription of a telephone conversation between the ISO,s Real Time Desk
and Enron,s Real Time Desk - July 3, 2001, 14:40:50 - 14.43:38

Enron:  Enron, this is David [Porter].

ISO:  Hi David.  This is Allen at the ISO.

Enron:  David: Hi Allen.  How ya doing?

ISO:  Allen:  Hold on one sec.  I,ve got to get something.

Unknown:  Stage one at 11.

ISO:  Allen:  Hey, I,m on the hour-ahead desk.  Did you guys put a bid in?

Enron:  David:  Yes, hang on one second Allen.

ISO:  Allen:  Yeah.

Enron:  Ryan:  This is Ryan [Slinger].

ISO:  Allen:  Hey Ryan, this is Allen at the ISO hour ahead.  Did you guys
put a trade in, replacement [energy]?  Not trade, but a bid?

Enron:  Ryan:  For which hour, for hour 15?

ISO:  Allen:  For hour 16?

Enron:  Ryan:  For hour 16, correct.

ISO:  Allen:  Can you guys continue to put the price at that?

Enron:  Ryan:  At what?  At $91.86?

ISO:  Allen:  Yes

Enron:  Ryan:  Um,(.

ISO:  Allen:  This isn,t on a recorded line, but we wanted to do that because
of some of the things that we are seeing.  It would be good to keep it [the
Market Clearing Price for Replacement Energy] at a higher price.  It doesn,t
matter how many megawatts you  put it at, but we want to clear it at a higher
price.

Enron:  Ryan:  Wait, you said we,re not on a recorded line, or we are?

ISO:  Allen:  We,re not.  No, we,re not, okay.  We already talked to the
day-ahead research guy and myself, but we saw you guys clear at $91 and we
wanted you, if it,s possible, to continue to set that, whether it,s 20 MW or
whatever you want to put in there.

Enron:  Ryan:  Okay, um(..

ISO:  Allen:  We want to clear it at that because of some issues we are
seeing as far as others that are taking advantage of the market.

Enron:  Ryan:  Oh yeah.  Because it had been clearing like at $100, hadn,t it?

ISO:  Allen:  Not replacement.

Enron:  Ryan:  Oh, not replacement?

ISO:  Allen:  No.  What happened is that we bought it back(.see, the
day-ahead was purchased at like $100 and then what happened is that the
hour-ahead . . .a bunch of these  people were buying it back for a penny over
the [inter] ties.  They were faking it.  So we wanted to keep the price up
high.

Allen and Ryan:  Unintelligible.

Enron:  Ryan:  So they were selling it, oh, in the day ahead, and buying it
back(.

ISO:  Allen:  Buying like 60 bucks. . . trying to make money off of it, then
basically they are trying to buy it back at a penny.

Enron:  Ryan:  Oh, that,s ridiculous.

ISO:  Allen:  That,s really ticking us off and right now . . .

Enron:  Ryan:  That to me signals, that,s probably Powerex, isn,t it?

ISO:  Allen:  There,s about four of them right now.

Enron:  Ryan:  Shit.

ISO:  Allen:  And for the day-ahead for tomorrow, we didn,t, we didn,t, we
took them out.  Basically, we,re not allowing  anything over the ties.

Enron:  Ryan:  I didn,t submit one for 17 or (.

ISO:  Allen:  That,s fine.  They,ll probably go to a penny and they,ll
probably get excited and do a bunch, and we,ll hopefully cut them off if you
can get the next price and the next market at 80 or 91.

Enron:  Ryan:  Okay.  All right.  Well, I,ll see what I can do.

ISO:  Allen:  I appreciate it.  It,s actually in the best interest for the
State and the ISO [with] what these guys are doing, so we are trying to put a
stop to it.

Enron:  Ryan: Okay.

ISO:  Allen.  Thanks, bye.

Transcription of a telephone conversation between the ISO,s Real Time Desk
and Enron,s Real Time Desk - July 3, 2001, 14:46:55 - 14:47:40 (3 minutes
later)

Enron:  This is Ryan.

ISO:  Hey Ryan, its Allen.

Enron:  Ryan:  Yeah.

ISO:  Allen:  Hey, did you put it in for the next hour?

Enron:  Ryan:  For hour 16?

ISO:  Allen:  Yeah, no, they already ran 17.

Enron:  Ryan:  Oh, I didn,t do 17, no.

ISO:  Allen:  Well, see, we,re gonna run, we,re gonna run 18 coming up here
in the next fifteen minutes.

Enron:  Ryan:  Okay.

ISO:  Allen:  If you have any questions, let me know.  I hope you know this
is me from the ISO.  I don,t know if you think I,m somebody else but you can
call me at the hour-ahead desk.

Enron:  Ryan:  Well, I mean, I,m talking to my boss right now as far as,
because of, you know, I don,t want to be doing anything that,s wrong.

ISO:  Allen:  Yeah(

Enron:  Ryan:  Even if it is helping you guys out, if it,s wrong, I can,t do
it.

ISO:  Allen:  I know, but if you continue to bid in at, um, the market, that,
s the best thing to do.  For replacement.  All right.

Enron:  Ryan:  Okay, I,ll see what I can do.

ISO:  Allen:  Thanks, man.


Mr. Lay--

I have been assisting John Watson with his representation of Sports
Facilities, L.P., and I am in the process of coordinating the $1.4 million
prepayment by the Sports Authority and the contribution of such amount by
the partners to the referendum campaign.

Assuming that we receive the prepayment from the Sports Authority, we expect
to be able to start making contributions to the referendum campaign this
week.  The contributions will be paid to the referendum campaign by the
partnership, on behalf of each partner, upon receipt of instructions from
each such partner that its share of the amount prepaid should be contributed
to the campaign instead of being distributed.  I have discussed this
procedure with Sue Walden.

With respect to your arrangement with Shell, we were not sure what you and
Shell had agreed to.  The monies being contributed to the referendum
campaign are being contributed to a special purpose political action
committee (as required by law).  This special purpose PAC is subject to the
general Texas laws that govern campaign fundraising.  As you know, one of
these laws provides that "a person may not knowingly make or authorize a
political contribution in the name of or on behalf of another unless the
person discloses in writing to the recipient the name and address of the
person actually making the contribution . . . ."   Pending a better
understanding of the Shell arrangement, we will hold Shell's $100,000 in the
partnership's account.

Please contact John Watson at 713-758-2556 or me at 713-758-2350 if you have
any questions regarding the foregoing.

Sincerely,

Michael S. Telle


Above meeting is scheduled for Monday, November 6, at 3:00 pm in the Video
Conference Room (49C2 - Houston).

Thank you.

Martha (x7330)


Hi Gerald.  I'm the deal lawyer (Portland based) on our Pastoria power plant
development project in California, which we are trying to sell to Calpine.  I
understand from Ron Coker and Stephanie Miller that you are handling the
legal aspects of the  transportation and other arrangements for the gas
supply to the project.  Could we talk sometime today so that I can gain a
better understanding of the gas transactions overall, and, specifically, how
to deal with them in our purchase agreement with Calpine?  I could do a call
between 1:30 and 3:30 your time, or 5:00 or after your time.

Thanks much,
Karen


Microsoft article is now available for E220-1: Corporate Financial Reporting
through the Izio InfoPier system.  You will find it in the 'Handouts' section.

===========================================
This message was sent from the Izio InfoPier system at
http://haas.infopier.com.  To stop receiving these notifications, please
uncheck the box labeled "I want to be notified by email when course
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D

Could you please ask your assistant to change your supervisor for PRC from me to Laura.

Thanks
Hunter
 -----Original Message-----
From: 	Performance Evaluation Process (PEP) <perfmgmt@enron.com>@ENRON [mailto:IMCEANOTES-Performance+20Evaluation+20Process+20+28PEP+29+20+3Cperfmgmt+40enron+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, May 21, 2001 10:03 AM
To:	Shively, Hunter S.
Subject:	PEP System Message

MCCAFFREY, DEIRDRE J has suggested reviewers in the PEP system and submitted them for your approval.
 You may review/modify this list of reviewers by logging on to PEP at: http://pep.enron.com
 and selecting Supervisor Services from the main menu.

Please remember, no feedback can be completed on MCCAFFREY, DEIRDRE J until you have approved the list.

If you have any troubles logging into this site, please contact the PEP Help Desk at:
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WELCOME - Vol. 6 No. 22

TIMELY INVESTMENT INFORMATION - Weekly Economic Update
======================================================

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

WEEKLY UPDATE FOR: June 2, 2001

Prior Week in Review:

Financial Market Highlights:
============================

                        06/01/01     05/25/01     %Change

S&P 500                 1,260.67     1,277.89      -1.35%
Dow Jones              10,990.41    11,005.37       -.14%
NASD Comp               2,149.44     2,251.03      -4.51%
Russell 2000              501.72       508.62      -1.36%
SOX Index                 617.60       654.64      -5.66%
Value Line                406.99       413.63      -1.61%
MS Growth                 568.75       564.76       +.71%
MS Cyclical               562.79       562.88       -.02%
T - Bill                    3.54%        3.57%      -3 BP
Long Bond                   5.71%        5.84%     -13 BP
Gold - Oz-Near Month     $268.00      $277.90      -$9.90
Silver - Oz-Near Month     $4.42        $4.56       -$.14

Economic News:
==============

Recent Economic Reports Mostly Quite Positive
 Economy Bouncing Along Bottom - Confidence Recovers
 Our View Remains - No Recession, Second Half Recovery

*Q1 GDP revised downward to +1.3% - Prior week's report
*April Personal Income rose +.3% - Spending rose +.4%
*May Consumer Confidence rose to 115.5 from April's 109.9
*Jobless Claims up +8,000 to 419,000 - Four Week
  Moving Average drops -1,500 to 402,500
*Chicago Purchasing Managers' Index for May 38.7 -
  Essentially unchanged from April's 38.9
*April Construction Spending rose +.3%
*Nat'l Assn. of Purchasing Managers' Index eased to 42.1
  From April's 43.2
*Labor Department Employment Report
 - Unemployment Rate eases to 4.4%
 - Nonfarm Payrolls fell -19,000
 - Average Hourly Earnings rose +.3% to $14.26
 - Average Workweek rose +.1/hr to 34.3/hr

Virtually all the recent economic reports have been quite
good, implying economic conditions are not getting worse,
and setting up the economy for a recovery later this year.
However, we are still concerned that the FOMC (Federal Open
Market Committee) may have been too aggressive, so we still
believe that inflation risks are greater than consensus
expectations.  But near term, the outlook is improving.

Perhaps the "key" report was the fairly good gain in
consumer confidence for May.  As most of you know, consumer
spending drives approximately two thirds of economic activity.
Our view has long been that if consumers have confidence,
and the wherewithal, they will spend.  Both conditions are
currently positive, and while we would be the first to admit
that one report is not a trend, it is nonetheless an
encouraging bit of information.

In addition, it also has implications for FOMC policy. As
we have noted several times, the FOMC was worried about
consumer confidence, driven by a negative "wealth effect."
We have never been big believers in the "wealth effect" -
negative or otherwise.  But the FOMC believes, and that's
what counts.  However, if consumer confidence continues to
hold up, then the FOMC will likely be less aggressive in
lowering rates.

While the labor market is still clearly soft, the improvement
in the unemployment rate and the positive revisions to recent
data suggest that deteriorating labor market conditions should
not erode consumer sentiment.  However, all was not positive
in Friday's Labor Department report.

Consider the following year-over-year comparisons of increases
in average hourly earnings.

Jan '01  4.00%
Feb  4.21%
Mar  4.35%
Apr  4.25%
May  4.47%

This looks very much like a trend to me, and is the primary
reason that in my opinion consensus inflationary expectations
are too low, as productivity "gains" during the first quarter
were non-existent.

The point I had made in earlier issues, in my opinion, remains
valid, and worth repeating.  The FOMC is making a very, very big
bet.  And that bet is that they can jump start economic growth,
and that productivity growth will pickup sharply as economic
growth resumes, and that reduced pressures in the labor markets
will moderate gains in unit labor costs.  In my view, this is a
lot that has to go right - with almost perfect timing.

It's not that I don't think this scenario won't play out, it's
just that my concerns are that it won't play out perfectly.  My
forecast remains for a second half recovery continuing into 2002,
and that should reignite productivity growth.  But, economic
growth of 3.0% may only produce productivity gains of, say 2%.
And, if pressures in the labor markets don't abate, as the
economy recovers, inflationary expectations will rise.

In short, near term the news remains positive as the probabilities
for economic recovery improve.  But, risks remain in my view -
just not the risks most investors are worrying about. Stay tuned !

Current Weekly Calendar of Economic Data:
=========================================

Monday:
Tuesday:        Final Q1 Productivity, Factory Orders
Wednesday:
Thursday:       Jobless Claims, Consumer Credit
Friday:

Fresh Money Buys:
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believe are the most attractively priced currently.  We will
limit the selections to three each week, even as our list of
recommendations grows.

American International Group (AIG)             $80.09
Automatic Data Proc. (ADP)                     $54.65
Pfizer Inc. (PFE)                              $42.81

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   with the other address in the Subject: line

This message was launched into cyberspace to alewis@ect.enron.com


Hi Becky,

I'm thinking of you.  Cynthia Corcoran called today to see if I knew anyone interested in doing regulatory work.  I thought of you right away and Cynthia was enthusiastic, but didn't want to violate your privacy by giving out your email address.

She can be reached at 713-533-9180 or I can give her your contact info if you prefer.

Shelley


Confidential Settlement Document Under CPUC Rule 51

PARTIES:

This is a reminder that PG&E will host a Gas Accord II Settlement Workshop
next week, on Tuesday and Wednesday, November 7th and 8th.  Please note, the
workshops will start promptly at 9:00 a.m. each day, and end around 4:00
p.m.  Among other things, these slightly longer sessions allow time for
feedback from the parties.  With this earlier start, we will provide a
continental breakfast as well as lunch on both days.  The Workshop will be
held at PG&E's headquarters, 77 Beale Street, San Francisco.  We will be in
Conference Room 308 on Tuesday, and Conference Room 300 on Wednesday.

Please RSVP to Darcy Morrison, at e-mail D2Mr@pge.com, or by telephone at
(415) 973-6644, so that we can get a head-count for the meals.

Attached below is our proposed agenda for the November 7-8 Workshop.  The
topics include:  demand-supply forecast, supply reliability, capital cost
forecast, and backbone direct connection and local transmission rate design
options.  Although these subjects have been discussed at prior workshops,
our objective is to present additional detail and analysis so we can all
wrestle with some key issues and begin to formulate possible solutions.

Also, as we discussed at the last Workshop, we have set aside two hours at
the end of each day for observations and feedback from the parties.  Along
with the issues list, this will help PG&E to put together a proposal that
seeks to balance the many competing interests.

This is our last scheduled Workshop before we send out our first version of
a settlement proposal.  Our target date for this proposal remains December
8.

We look forward to seeing you next week.  Please call or E-mail us if you
have any questions or suggestions.

Frank Lindh    Ray Williams
Attorney    Director
415-973-2776   415-973-3634
frl3@pge.com   rdw0@pge.com

 <<Agenda 11-7&8-00 Workshop.doc>>

 - Agenda 11-7&8-00 Workshop.doc


Today we released additional information about our related party and off-balance sheet transactions.  We have made this information available both on our website and in a Form 8-K filing with the Securities and Exchange Commission (SEC).

The information provides further details about:

	-- the $1.2 billion charge to shareholders' equity announced in the third quarter and the transactions related to that charge;
	-- a restatement of prior years' financial statements to reflect this reduction in shareholders' equity, the consolidation of     three entities and prior year proposed audit adjustments and reclassifications;
	-- the Special Committee appointed by the Enron Board of Directors to review transactions between Enron and related parties;
	-- the LJM limited partnerships, including a discussion of transactions between Enron and LJM entities; and
	-- transactions between Enron and other Enron employees.

This information addresses a number of concerns that have been raised by our shareholders and the SEC.  As our Board's new Special Committee continues its review of various matters, we will continue to cooperate fully with the SEC in its investigation, and we will continue to respond to investor requests so that they can evaluate, appreciate and appropriately value the strength of our core businesses.

Restatement of Earnings

Based on information that we have recently obtained, Enron and its auditors determined that certain off-balance sheet entities should have been included in Enron's consolidated financial statements pursuant to generally accepted accounting principles.  As a result, Enron will restate its financial statements from 1997 to 2000 and for the first and second quarters of 2001.  These restatements have no material effect on Enron's current financial position.  Here are some details included in the filing:

Net income for each period will be impacted by the retroactive consolidation of Joint Energy Development Investments (JEDI) and Chewco beginning in November 1997, the consolidation of an LJM1 subsidiary for 1999 and 2000 and prior year proposed audit adjustments.  Enron's current assessment indicates that the restatement will include:

	-- a reduction of approximately $96 million in 1997
	-- a reduction of approximately $113 million in 1998
	-- a reduction of approximately $250 million in 1999
	-- a reduction of approximately $132 million in 2000
	-- an increase of approximately $17 million for the first quarter of 2001
	-- an increase of approximately $5 million for the second quarter of 2001
	-- a reduction of $17 million for the third quarter of 2001.

The consolidation of JEDI and Chewco also will increase Enron's debt by approximately $711 million in 1997, $561 million in 1998, $685 million in 1999 and $628 million in 2000.

The restatement will have no material impact on Enron's reported earnings for the nine-month period ending September 2001.

You can obtain more detailed information on the items described above by accessing the Form 8-K filing at <http://www.enron.com/corp/sec/>.

We will continue to review our strategic, operational and financial position, and we will continue to keep you updated on any developments.


This deal discrepancy seems to have a few of us stumped - so I'm referring it
to all of you in hopes that we can solve this today. Following are the terms
of the deal:

Short Term California buys Enron Energy Services
Hours: HE 6-9
Delivery Point: SP-15
Term: 3/29/01
Price: $110

The deal was entered by Bert Meyers, a Real Time trader, on behalf of STCA.
It was extended for HE 9 through 22 at a price of $160. In the spreadsheet
Real Time sends to EES each day, it shows the deal as a sale at a price of
$130, not a buy at a price of $160.  My first instinct was to simply modify
the spreadsheet to match the deal in Enpower, but EES claims they see the
price coming across as $130. I'm reluctant to send any more incorrect
information to EES, as we've already dealt with enough confusion over this
matter. Please take a look at the deal and its corresponding documents, and
let me know which is the correct price.

Thanks for your help,
Kate


Mark,

Whether or not the mid-month to mid-month deals are likely, you should
probably ask Scott Moncrieff or Joe King to answer that question.

I was just suggesting the possibility...  I do like the additional language
that covers deals shorter than one month

"Each calendar month during the term of the Transaction will be a
Determination Period; provided that, if the term of the Transaction is less
than one calendar month, the Determination Period shall be the term of the
Transaction."

Perhaps we should proceed with the current Product Description and worry
about the mid-month to mid-month description if/when we need it.

Homer

From: Mark Taylor on 06/01/2001 10:47 AM
To: Homer Lin/HOU/ECT@ECT
cc: Carlos Alatorre/Enron@EnronXGate, Joe King/Enron@EnronXGate, Robert
Quick/Enron@EUEnronXGate, Scott Moncrieff/Enron@EUEnronXGate
Subject: Re: Tanker Freight Long Description

Homer -

The problem with the language you suggest is that it will be triggered by any
term that is longer than a month.  As far as I know, we have never had a
product that went from mid-month to mid-month.  Is that a real issue for us
here?  We have language in a few products already that takes care of the
second issue (deals shorter than one month):

Each calendar month during the term of the Transaction will be a
Determination Period; provided that, if the term of the Transaction is less
than one calendar month, the Determination Period shall be the term of the
Transaction.

In some cases (e.g. power swaps), when the deal is for less than a month the
payment dates are modified to fall at the beginning of the following month
(rather than 5 days after the floating price is determinable).  That is a
commercial call.  Just let me know how you want to handle that issue.

If mid-month to mid-month deals are likely, let me know and I will come up
with alternative language.

Mark

	Homer Lin
	06/01/2001 10:15 AM

		 To: Mark Taylor/HOU/ECT@ECT, Joe King/Enron@EnronXGate, Scott
Moncrieff/Enron@EUEnronXGate
		 cc: Carlos Alatorre/Enron@EnronXGate, Robert Quick/Enron@EUEnronXGate
		 Subject: Re: Tanker Freight Long Description

Mark,

Looks good.  The product description looks fine for copying the shipping
products that Scott Moncrieff is trading now in London.

I'm a little concerned about the line: "Each calendar month during the term
of the Transaction will be a Determination Period"...

Is it flexible enough in changing determination periods from mid-month to
mid-month?
As in June 15 to July 14 to represent a month?  Or will that just be another
Long Description that we would have to draft for another product type?

Also, what if we wanted to break up the determination periods into smaller
increments than one month?
Let us say a 1-week or 2-week period instead of a full month.

May be something like:
"Each calendar month during the term of the Transaction will be a
Determination Period unless otherwise specified by the Effective Dates"

That's my two cents,
Homer
x57642

From: Mark Taylor on 05/31/2001 06:25 PM
To: Joe King/Enron@EnronXGate, Homer Lin/HOU/ECT@ECT, Carlos
Alatorre/Enron@EnronXGate
cc: Scott Moncrieff/Enron@EUEnronXGate, Robert Quick/Enron@EUEnronXGate
Subject: Tanker Freight Long Description

Here is a draft of the US version.  Please let me know if it works for you.


916 - 1st Avenue NE


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Pamela Kenney
P.O. Box 140564
Irving, TX 75014
pamela jea.kenney@prudential.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Pamela Kenney


Either I didn't fully understand the December Texas Eastern order or else
FERC has just put a new and unhelpful spin on it.  The Thursday rehearing
order dramatically changes how the "shipper must have title" rule applies to
acquisitions of upstream capacity.   I thought the Dec. order pretty clearly
allowed a pipe to acquire upstream capacity and then resell that capacity
under the acquiring pipeline's rate schedules.  FERC specifically held that
the "shipper must have title" policy won't be applied if the acquiring pipe
treats the acquired capacity "as though it were part of its own system".  (p.
61,886)  The Dec. order even cited TW's acquisition of park n ride capacity
from PG&E as an example of the type of transaction that (I thought) could be
done without advance Commission approval.   Now, FERC explains that it did
not intend a "blanket waiver" of the shipper must have title policy.   Pipes
can still acquire upstream capacity without advance FERC permission, but only
if the acquiring pipe is going to use the acquired capacity for operational
needs or to resell under the selling pipe's release mechanism.  If the
acquiring pipe wants to use the acquired capacity to support sales of service
under the acquiring pipe's rate schedules, a specific waiver of the "must
have title" policy is required (see FN 20 and text).   We are right back to
where we started.  I guess the orders signal that FERC is  much more likely
to grant waivers of the "must have title" policy than in the past, but I
don't think we are good to go to acquire upstream storage, for example, and
resell it as FDD or IDD until we get permission first.

Shelley--let me know if you hear any expressions of outrage from other
pipes.  This might be worth chasing on rehearing since it is such a clear
about face by FERC.


Please add Elizabeth Shim to the Book Admin list on the Web sight.  Her Tagg
user name is:  ESHIM.  Thanks.

DG


Sally,

Please call me if you have any questions.

Mike


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Thanks for the "words of encouragement".  I just sent an e-mail to my Human
Resources Rep and will wait to get a response.  I am so READY!!.  I've set up
a meeting with my financial advisor for tomorrow to go over things again
since I really have made up my mind.

Talk with you tonight!


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<<2S4_01!.DOC>>

We have enclosed a proposed Confidentiality Agreement between Enron North
America Corp. and NRG Thermal Corporation.  Revised drafts of the Letter
Agreements and the LLC Agreement will follow later today.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2S4_01!.DOC


Car Rental Options for Enron Travelers

Rental car contracts for 2001 have been awarded to:

National Car Rental (Primary) and  Alamo Rent-A-Car (Secondary).

The intent of these agreements is to consolidate and leverage Enron's total car rental spend to achieve the most favorable rates and non-pricing provisions (i.e. insurance).

National Car Rental, due to its service levels, availability and total value proposition, has been awarded Primary status and is recommended as the first choice for Enron travelers' needs.

Alamo Rent-A-Car, a sister company to National, has been awarded a contract reflecting a Secondary status, due to its service levels, availability and low cost solutions.  Alamo is recommended as an alternative to National, where available.

When you rent a vehicle in the United States, (including Puerto Rico) or Canada, the following insurance provisions are included, regardless of rate selected:
1.	L/DW (Loss/Damage Waiver) - This is what is called Comprehensive or Collision on your personal auto. It covers the rental vehicle and pays for any damage to it.
2.	Liability - This covers people and property outside the rental vehicle. For both National and Alamo, the coverage is $100,000 per person, $300,000 per occurrence and $50,000 for property damage.
** IMPORTANT ***
These coverages apply regardless of rate selected, as long as the following contract ID is communicated at the time of reservation and rental is recorded on the transaction rental agreement.  (National -  5000838 Alamo    - #143974)
To enjoy the highest levels of service while renting a vehicle from Enron's preferred suppliers, it is recommended that each traveler enroll in National's and Alamo's preferred traveler programs.  National's Emerald Club membership and Alamo's Quicksilver program are designed to speed the transaction time by providing services such as counter bypass and rapid return.  The enrollment fees for these programs have been waived for Enron travelers.  Enrollment packets will be mailed to the addresses of Enron American Express T&E Cardholders.  You may also find an enrollment form on the Enron Travel Program intranet @ gss.enron.com <http://gss.enron.com/>.

If you have any questions or comments, please contact Jeff Leath at 713-646-6165.


Buyer	PO#	POI		 Dekatherm 	 Rate/Dth 	 Rate_Type 	 Invoice Amount
USGT	27268	500622	 	10,800 	 	$0.0800 	 Total	 	    $864.00
USGT	27268	500622	 	38,531 	 	$0.0900 	 Total		 $3,467.79
	TOTALS		49,331		 				 $4,331.79


Randy,

1.  The following is an update re contacting local counsel to review the IM
sections dealing with regulations:

Brazil- I have spoken with Jose Amelio Pinto and Maria Elissa with Tozzini's
firm.  I e-mailed to them last night excerpts from the IM dealing with the
regulations of the Brazilian projects. They have agreed to review the IM
regulatory sections for most of the projects (Elektro, CEG/Riogas, Gaspart,
and Cuiaba I) by today or tomorrow.  They did not work on Cuiaba II or III,
RioGen, or Puerto Suarez and consequently stated that in order to perform
the review, they would have to review all of the documents.  They are
attempting to track down names internally of the firms and attorneys that
worked on those projects.  Do you have any recommendations on who to contact
on these projects?

Argentina - Dr. Jose Martinez de Hoz.  Have called (and continue to call)
two numbers last night and this morning, and have left messages on
non-descript voice mail boxes.  No response.

Bolivia - Ramiro Guevara Rodriguez - Have called six numbers all night last
night and this morning, and have neither reached a person nor a voice
mailbox.  Other numbers/suggestions?

2.  Attached is a doc request list from Tozzini's firm for the completion of
their ongoing review of the Brazilian projects.  They stated that they will
most likely be unable to complete this review until Thursday or Friday due
to the amount of documents and to the fact that they still require more
docs.  Attached is a document request list.  We have already sent all of the
documents in the VE data room.  Can you recommend someone at Enron for us to
contact to fill this request?  I will cc Robert George on this e-mail in
case he has any thoughts or someone he knows who can help respond.

3.  At  Steve Kean's request, we aim to have an update on the status of the
local counsel reviews being performed in the various countries for Project
California.  We will include you on that update.

Please contact me at (713)758-3374.  Regards,
Donnie

-----Original Message-----
From: MEG - Maria Elisa Gualandi Verri [mailto:MEG@tozzini.com.br]
Sent: Tuesday, March 21, 2000 10:29 AM
To: Roark, Donnie
Subject: Enc: Brazil - Project 2000

Dear Mr. Roark,

According to our telephone conversation, we are retransmitting the first
email of yesterday.  From the documents thereto requested, kindly
disconsider the GASPART's chart.

with kind regards,

Maria Elisa Gualandi Verri

From: MEG - Maria Elisa Gualandi Verri <MEG@tozzini.com.br>
To: "Weiland, William" <wweiland@velaw.com>
Cc: "Young, Randy (Enron)" <randy.young@enron.com>, syllas@tozzini.com.br,
droarke@velaw.com, "Brazzil, Mark (Beijing)" <mbrazzil@velaw.com>
Subject: Brazil - Project 2000
Date: Mon, 20 Mar 2000 09:26:40 -0600
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01BF936B.3786D912"

Please refer to the attached file.

Maria Elisa Gualandi Verri
Tozzini Freire Teixeira e Silva Advogados
Tel: 55-11-232 2100
Fax: 55-11-232 3100
e-mail: meg@tozzini.com.br

 - Em200300.doc


Hey Jeff,

Sorry it took me so long to write.  I haven't actually
used my e-mail in about 2 months, but I'm trying to
turn over a new leaf.

Freak show, huh?  What's been going on?

Happy Belated Birthday.  Again, I'm so sorry I didn't
call you on the day.  I'm quite scattered now with
being a Mom and working 3 days a week.

Maddie is doing great.  She's 8 and 1/2 months now,
crawling up a storm, pulling herself up, drinking from
a straw, waving goodbye, and even dancing.  She's
still a pain in the ass at night however, waking up
2-4 times.  UUUGH!

I'd love to talk to you.  Here's my info AGAIN!
Nicole Lesser
37 Grant Street
W. Newton, MA 02465
617-243-0225

Love you, Nicole

__________________________________________________
Do You Yahoo!?
Send instant messages & get email alerts with Yahoo! Messenger.
http://im.yahoo.com/


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/28/2000
04:58 PM ---------------------------

	Enron North America Corp.

	From:  Office of the Chairman @ ENRON                           01/26/2000
06:12 AM

To: All Enron Worldwide
cc:
Subject: Organizational Announcement

Enron is off to a fantastic start this year as we continue strong growth in
our wholesale energy businesses and begin rapidly developing a global market
for premium broadband services.  To help accomplish our goals in these
businesses, the following management appointments are effective immediately:

Kevin P. Hannon has been appointed chairman and CEO of Enron Global Risk
Management.  In his new role, Kevin will devote the vast majority of his time
and efforts to building a successful bandwidth intermediation business for
Enron, in addition to providing global risk management oversight.  Kevin will
report to Enron,s Office of the Chairman and will serve on the Executive
Committee. Because of his efforts to build bandwidth intermediation
capabilities, he also will report to the Office of the Chairman of Enron
Broadband Services.

Greg Whalley has been named president and COO of Enron North America, where
he will fully dedicate his efforts to ENA,s continued growth and success.
Greg will retain responsibility for ENA,s Risk Management functions but will
transition his global responsibilities to Kevin.

Please join us in congratulating Greg and Kevin in their new positions.


Details of Changes:

The changes to SettleSupp were in the rate formula.  The original formula said, :"=IF(AK4>0,Curves!i49,Curves!I42), which means that if the volume in AK4 is greater than zero, use the Inc (I49 reference) price, otherwise use the Dec (I42 reference).  The problem was that the references were backwards, so I switched them to be . . .Curves!I42,Curves!I49.  That made the correct price come in.

This affected the 405 part of SettleSupp only, no other charges were modified.

For 403, the rate formula was "=IF(AK20<0,CURVES!I81,CURVES!i88" which means that if the deviation volume was less than zero, use the Inc, otherwise use the Dec.  I changed it so that it reads . . .(AK20>0,CURVES!i81. . .) so that it would use the Inc if the dev volume is greater than zero.  I confirmed that the dev volume calcs were correct first.

In all of my test runs, both of these changes pulled in the correct Inc or Dec rate, and applied it to the correct dev volume.

Caroline
---------------------- Forwarded by Caroline Emmert/HOU/ECT on 04/27/2001 08:29 AM ---------------------------

Caroline Emmert
04/27/2001 07:54 AM
To:	Volume_Management_Portland
cc:
Subject:	Changes to Settle15 and SettleSupplemental

There were changes on made on 4/24 to both Settle15 and SettleSupplemental related to the rate calc.  The old versions have been copied off into the Backup directory with today's date, and the new versions have been saved as Settle15_TenMinute.xls and SettleSupplemental.xls.

Caroline


If only Carl could morph into another Loretta...

-----Original Message-----
From: Evelyn Kahl [mailto:EK@a-klaw.com]
Sent: Tuesday, October 02, 2001 2:56 PM
To: Dasovich, Jeff
Subject: RE: Final Filing of App for Rehearing

I was amazed.  We had bets going on (I won) while Wood was speaking in tongues.

E

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Tuesday, October 02, 2001 12:51 PM
To: Evelyn Kahl
Subject: RE: Final Filing of App for Rehearing

That's great.  More the merrier.

I assume you heard about what happened at the PUC today.  I think it classfies as amazing.  The planets may be favorably re-aligning just al ittle bit (one hopes).

Best,
Jeff

-----Original Message-----
From: Evelyn Kahl [mailto:EK@a-klaw.com]
Sent: Tuesday, October 02, 2001 2:06 PM
To: 'Dan Douglass'
Cc: Jeff Dasovich (E-mail)
Subject: Final Filing of App for Rehearing

Dan:

EPUC will be filing a response on Friday, supporting the CMTA/CLECA/CIU and AReM/WPTF applications for rehearing. Christine Jun from our office will be heading this effort. Could you please email to her a final of your application, which we apparently have not yet received?  Thank you.

Evie

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


Attached is the detail for December 2001 PNR billing. A summary of the activity is displayed below. If you have any questions, please call me.

Buyer		PO#	POI	    Dth	 	 Rate/Dth	Daily/Total	 Invoice Amount 	EOM Balance
PNM		27267	500617	   15,000 	$0.0900 	 Total	 	$1,350.00 		       0
PNM		27267	500617	   10,000  	$0.1000 	 Daily	 	$3,000.00 		       0
Virginia Power	27719	500623 	   14,514  	$0.0500 	 Daily	 	$7,784.17 		   (4,793)
Richardson	27249	500622	   15,000 	$0.0200 	 Daily	 	$900.00 		       0
Cinergy Mktg	27467	500621	   17,600 	$0.1000 	 Daily	 	$7,040.00 		       0

	TOTALS		    72,114 			 		$20,074.17


I have a link that looks like a lightbulb on my Lotus notes desktop.  If you
don't have it, talk to your assistant.  I'll call you at lunch or on monday