Frank,
The hierarchies can be created only when the NETCO databases go live. We are very busy with the estate hardware, database and software changes right now. Sometime next week, we will get the NETCO test database setup and you may create this hierarchy there.

Regards,
Ramesh

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Wednesday, January 09, 2002 4:30 PM
To:	Reeves, Kathy; Ramesh, Ganapathy
Cc:	Hedstrom, Peggy; White, Stacey W.; Gossett, Jeffrey C.
Subject:	RE: NETCO Portfolio Book Structure

Kathy,
I'm still working to get authorization to create hierarchy in Risktrac, in the meantime can you create the hierarchies?  I think in NETCO we are going to do away with the Burton McIntyre function and have it reside at risk level, this way it is done correctly.   Ramesh is working to provide a separate Risktrac system for NETCO in which to create the hierarchy.

Ramesh, would it be ok for now to have the Risk function create a NETCO hierarchy in Risktrac then copy that hierarchy over into NETCO  once the "clean" version was complete?

Frank

 -----Original Message-----
From: 	Reeves, Kathy
Sent:	Wednesday, January 09, 2002 4:00 PM
To:	Hayden, Frank
Cc:	Hedstrom, Peggy
Subject:	FW: NETCO Portfolio Book Structure

Frank,
Here is the structure for Alberta Power for NETCO

TRADING PORTFOLIO
NETCO Business Unit
	Power Trading
		Canada Power
			John Zufferli
				Alberta Long Term Power
				Alberta Long Term Gas - Price
				Alberta Long Term Gas - Basis
				Alberta Long Term Gas - Gas Daily
			Cooper Richie
				Alberta Short Term Power
				Alberta Hourly Power
				Alberta Short Term Power - Gas Daily

COMMODITY PORTFOLIO
NETCO Business Unit
	Gas
		Gas Power
			Canada
				Alberta
	Power
		Power Power
			Canada
				Alberta

CURVE PORTFOLIO GROUPED REGIONALLY
NETCO Business Unit
	Power
		Alberta
			Alberta Power Pool

 -----Original Message-----
From: 	Hedstrom, Peggy
Sent:	Thursday, January 03, 2002 12:59 PM
To:	Gillis, Brian; Reeves, Kathy
Subject:	FW: NETCO Portfolio Book Structure

\Let's meet at 1:30 in the Energy Operations boardroom to discuss.
Thanks
Peggy

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Thursday, January 03, 2002 12:55 PM
To:	Hedstrom, Peggy; White, Stacey W.; Gossett, Jeffrey C.; Postlethwaite, John
Cc:	Brackett, Debbie R.; Port, David; Ramesh, Ganapathy
Subject:	NETCO Portfolio Book Structure

In considering setting up books for NETCO,  RAC needs the following:  (I recognize portfolio name choice may not be optimal)
1.	Ownership of ERMS and Enpower
o	For Canada, it would probably be best if ownership resided in Houston (Peggy, any feedback would be helpful)
2.	Recognizing that portfolio hierarchy may need to be augmented pending buyers request, I recommend three portfolio structures.
o	Trading portfolio (heterogeneous, incl. everything traders trade) - 2 portfolio's (power & gas) aggregated under NETCO total
?	Trader (sub portfolio by risk type) , regional, parent portfolio  (includes all commodities in traders portfolio)
?	Example
?	NETCO Business Unit
o	Gas Trading
?	Financial Desk
?	Arnold
o	Price
o	Basis
o	Exotics
o	Power Trading
?	East Power
?	Presto
o	Long term
o	Short term
o	Commodity portfolio Gas and Power (homogenous)
?	Example
?	NETCO Business Unit
o	Gas
?	Gas Power
?	East
?	West
o	Northwest
o	Southwest
?	Gas Gas
?	Financial
?	West
?	Etc.
o	Power
?	Power Gas
?	Power Power
o	Curve portfolio grouped regionally - This portfolio does not currently exist.
?	Starts with curves, regional, root portfolio, parent
?	Example
?	NETCO Business Unit
o	Gas
?	Northeast
?	Transco Z6
?	etc
o	Power
?	Northeast
?	NEPOOL
?	Etc.

Additionally, we need to correct curve shift reporting in Risktrac as well as bench mark positions.  In the past Canada was "grandfathered" under its legacy transactions, but under NETCO there should not be any legacy deals and as such Canada needs to report its risk the same as we do in Houston.  PortCalc may need to be modified to handle currency issues and other as well as new curves may need to be created.  When creating new curves, please copy in ERMS 90 days worth of price history so that we can measure VAR.

I apologize if this is vague, please feel free to provide feedback.

Thanks
Frank


Donna:  It's been awhile since we last spoke about advising Enron companies
of existing brokerage accounts.  It has also been determined (in legal) that
the accounts will remain with ME and not move to Alan A.  I have some
temporary assistance in that an A&K lawyer, Jason Peters, is working up here
for another few weeks.  I was hoping that we could all meet and put our
"project" into action.  Please give me a call and suggest some time when we
may meet.  Thanks.  Sara


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/17/2001
02:58 PM ---------------------------

	Enron North America Corp.

	From:  Eric Groves                           01/17/2001 02:39 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: LNG VaR limit Request Form

Vince,

Please review the attached file.  When you are ready, I will bring you the
original for your signature.

Thanks,

Eric


Nymex expiration is during this time frame.  Please reschedule.


Here is my breakdown for the number of 890,000:

California Energy Hub Sale  702,122
Golden Gate Purch liq(N09325.3) 2,406,375
Pacific Gas & Electric Sale Liqs  (2,231,985)

Support to follow


509402.  Can you see if this is the correct CP.  We don't have a contract
with them.  If it is correct, that's fine, just let me know.


FYI.

----- Forwarded by James D Steffes/NA/Enron on 02/21/2001 09:47 AM -----

	Tim Belden@ECT
	02/21/2001 09:33 AM

		 To: James D Steffes/NA/Enron@ENRON
		 cc:
		 Subject: Re: RTO Advocacy Positions

i concur.

From: James D Steffes@ENRON on 02/21/2001 09:13 AM CST
To: Kevin M Presto/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
cc: Alan Comnes/PDX/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@Enron, Mary Hain/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@Enron, Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron,
Ron McNamara/NA/Enron@Enron, Jeff Brown/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
Subject: Re: RTO Advocacy Positions

To the discussion I would add the following -

1. Our efforts to push hard zonal markets has not been overly successful.
The opponents of such schemes continue to win converts that the interzonal
and intrazonal congestion costs will be large and that it is very difficult
to get the "right" zones.  Moreover, in markets like ERCOT, the zonal
structure has been co-opted by the large incumbents to frustrate the
development of the market.

2. One solution discussed throughout the East is the "Hybrid" model - LMP in
the real-time and Flowgates to manage forward transmission congestion.  If
structured properly, this allows the power desk to have (a) a real-time
energy market and (b) managable transmission risk.  There are disagreements
between the policy "experts" about Flowgates (see point 5).

3. Our goal is to work within the RTO process and build markets that work for
Enron.  Key goals - 1. single control area for the RTO, 2. real time energy
market with no penalties for unbalanced positions, 3. market hubs (similar to
PJM West) for liquidty, and 4. manageable transmission congestion using
market solutions.

4. I agree with Tim that it is very difficult to come up with "one" perfect
market structure proposal for Enron (both for technical and timing reasons -
California is in a different place than SPP).  We are trying to coordinate
our statements in each of the markets as much as possible.  Most importantly,
and we have had some troubles in ERCOT lately, we need to make sure that
saying something in one market doesn't damage our other advocacy efforts.
Government Affairs is trying to make sure that we push at the right time and
place and ensure that our messages have the necessary context.

5. We still hear some open questions about the best form of market-based
congestion managment (option vs. obligation; use it or lose it).  Christi
Nicolay is having a call on Friday to discuss these issues.  Please contact
her if anyone from your teams should attend.

Call with any other questions.  At some point, we need to ensure complete
agreement of our policy(s) and our advocacy efforts on RTOs.

Jim

	Kevin M Presto@ECT
	02/20/2001 06:35 PM

		 To: Tim Belden/HOU/ECT@ECT
		 cc: James D Steffes/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Steve
Walton/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT
		 Subject: Re: RTO Advocacy Positions

Are you putting words in my mouth Tim.

The East is absolutely adamant about having a liquid real-time energy markets
with a "real supply curve" and a "real demand curve" such that hourly
clearing prices reflect the true economic value of the commodity.   With
respect to the number of hourly price signals within an RTO that is
necessary, that is subject to much debate.   Although I prefer a zonal model
for simplicity reasons, the reality is that congestion is more prevalent in
the East in most of the markets and in order to get a functioning real time
energy market, we may have settle for a limited LMP, in which nodal pricing
is necessary for managing the congestion, but proxy buses are created in
zones (3-5 per RTO) for purposes of real-time energy markets.

Our views, I believe, are still very much aligned, however, I need to make
some progress on the creation of real time energy markets.   The zonal
markets implemented in NEPOOL and contemplated for ERCOT result in a
mis-priced commodity with no "real" price signal sent to the market.   Out of
merit generation is and will continue to be dispatched because the congestion
is managed through energy uplift payments (congestion price signal is not
sent to the market).   This results in a very inefficient commodity market
where the consumer gets screwed and market makers can't price the commodity
or transportation on a forward basis.

I hope this clarifies any misunderstanding.

------------------------------------------------

Steve Walton was in Portland last week and updated me on the latest vision
for RTO's that was developed by the east desk.  This vision seems to differ
somewhat from what we are advocating in the west.  In particular, it seems
like the east has embraced a nodal system while the west is firmly planted in
the zonal / flow-gate camp.  I have asked Steve to flesh out more details of
the nodal approach -- in particular, how do the nodes map to a fairly
homogeneous zone and how does this impact pure trading positions (i.e., a
transaction with no asset being directly scheduled to support it) versus
asset-based trades where the meter must settle with the RTO while the trade
settles with the market.

It may be that the physical characteristics of the east and west warrant
different models.  For example, the west has large, long-distance, high
voltage lines that are very amenable to a zonal approach.  The east has more
local transmission bottlenecks that may not be modeled as easily.  It also
could be that the political reality in the east and west require different
positions.  As things sit now, there is no way that a zonal approach could
fly in the northwest.  In contrast, PJM seems firmly planted in the nodal.
Finally, it could be that the east desk and the west desk have a difference
of opinion on what the "ideal" market structure should be.  If that is the
case, then perhaps we need to talk some more.

Given the different advocacy positions in the east and the west, I don't
think that we can come up with a broad, nationwide advocacy position at this
time.  That is, I don't think that we should endorse either zonal or nodal as
"the answer" at FERC.  Instead, I think that we should focus on the
objectives that RTO's should try to achieve and be flexible as to what the
best market structure should be to achieve these objectives.

What do you guys think about this?

Regards,
Tim


Please see the attached.  I am still trying to obtain the DOE reports for
Canada from Juanita Marchand for Question #19 of the Pan Alberta.  Any help
you could give me there would be greatly appreciated.


Per my voicemail, the attached confirm is still a moving target with the tax
lawyers, I'll be in touch once we resolve the tax language.


Let me know when you find out.  Have a good day!

K.

 -----Original Message-----
From: 	Heintzelman, Pete
Sent:	Tuesday, September 04, 2001 6:43 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

Yeah, I pretty much need brakes.  Just do not want to spend $100 just bc I misplaced a set!

Should know about the runoffs by tomorrow.

PJH

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Tuesday, September 04, 2001 6:34 PM
To:	Heintzelman, Pete
Subject:	RE:

I think you need brakes!  Especially if you plan on winning lots of races!  So are you telling me that your car doesn't have all of its brakes?  Have you found out if you are going to the race you might have enough points to go to yet? (I can't remember what it is called - sorry)

K.

 -----Original Message-----
From: 	Heintzelman, Pete
Sent:	Tuesday, September 04, 2001 6:19 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

I cannot believe you ate the leftovers.  I had them on the brain last night!

Hard work on the car is done, except that I have misplaced a set of brake pads which is driving me nuts.  I'm not sure I even need brakes....hmm.   :-)

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Tuesday, September 04, 2001 3:57 PM
To:	Heintzelman, Pete
Subject:	RE:

Hey - my Monday was good, too.  I have a truck load of stuff to take to goodwill - and a lot more work to do!  It is amazing how much junk I own!  I want to get rid of it all! How's the car?  Ready to race?  Went back to Suzanne's for left overs and a movie.  We watched "The Gift".  It was really creepy!

 -----Original Message-----
From: 	Heintzelman, Pete
Sent:	Tuesday, September 04, 2001 3:44 PM
To:	Ward, Kim S (Houston)
Subject:

How was your Monday?  Mine was productive.  Worked on car most of day and went swimming with LP and Sara.

PJH

Peter J. Heintzelman
Manager, Generation Investments
Office 713-345-7024
Cell    713-553-4353


Hey Lis,

How's married life treating you these days?  I hope things are good with your job, home, etc.

I was actually writing you to try and get Bonnie's email address.  My friend Monique and I are going to Seattle next week for a long weekend and I was hoping to get some tips from her as well as possibly get together for lunch or dinner.

Hope to see you soon and please say, "Hi!" to everyone for me next weekend at the lake house.  I'm so sad I'll be missing it, but I'd already booked my flight by the time Clay sent the email.

Love,
Sue


F/y/i--

By way of background, both US Dept. of Commerce and US Dept. of Treasury
oversee the US Antiboycott Program.  Each agency has different policy
interests and thus, while there is a lot of regulatory overlap bewteen the
two agengies' rules, there are also places where the same incident is treated
differently depending on which agency is involved.

V&E have confirmed with the US Dept of Commerce that there would be no
violation if we left the Voyage Charter prohibition on trading into Israel in
the document (although I believe OLNG have agreed to delete it) and there is
also no independent reporting obligation under Commerce Dept. regs on
Enron.   As is frequently done in regulatory practice, V&E provided a copy of
the relevant Voyage Charter clause to Commerce Dept. on behalf of an
"anonymous" client.

V&E previously advised that this type of prohibition is expressly allowed
under the Treasury Dept. Regs.

Thus, there appears to be no further reason for concern on this issue.
Please let me know if OLNG have responded with any comments.

Kind regards,
Dan

----- Forwarded by Daniel R Rogers/ENRON_DEVELOPMENT on 03/02/2001 11:10 AM
-----

	"Lichtenbaum, Greta" <glichtenbaum@velaw.com>
	02/27/2001 10:02 AM

		 To: "Rogers, Daniel R. (Enron)" <daniel.r.rogers@enron.com>
		 cc:
		 Subject: RE: Antiboycott

I just checked with the Department of Commerce Antiboycott office re: that
clause.  It is permitted, and not reportable.  He agreed with my assessment
that it is simply not boycott related, rather it is a war risk clause.

-----Original Message-----
From: Daniel.R.Rogers@enron.com [mailto:Daniel.R.Rogers@enron.com]
Sent: Tuesday, February 27, 2001 8:46 AM
To: glichtenbaum@velaw.com
Subject: Re: Antiboycott

Greta,

I just realized that the e-mails I sent from London over the past few days
have not gone through due to system acess problems -- sorry for the
apparent disappearing act!  I'm still in Enron's London offices but will be
back in Houston late Wednesday afternoon.

I'm attaching a copy of the proposed Voyage Charter Party between Enron LNG
Marketing LLC (an indirectly wholly owned subsidiary of Enron Corp.) and
Oman LNG L.L.C. (which is majority owned by the Omani government, with
additional foreign investment from Shell, Total and others).   The
reference to Charterer's agreement that it will not order the vessel to
call on any port in Israel is found in Part II, Clause 5 (Safe Berth) on
page 9.

We confirmed that the language was inserted by STASCO (a privately-held
Shell marine transportation affiliate), who is a contract operator of Oman
LNG's vessels.  Apparently STASCO's concern was to restrict Charterer's
(Enron's) ability to direct the vessel to any potential risk area due to
political instability or actual hostilities.  It is true that the cost and
continued availability of vessel's marine insurances are largely influenced
by whether she is trading into unsafe ports, and it appears that STASCO
produced the list of prohibited countries/ports in Clause 5 (which
includes, among others, Israel) on the basis that they, as worldwide
operators of Shell's fleet, believe such countries/ports to be unsafe for
marine trade.

The commercial representatives of Oman LNG were not aware of the language
that STASCO inserted and indicated that they did not intend to create any
potential antiboycott problems for Enron or any of the other bidders.  When
we discussed the issue, Oman LNG promptly agreed to the deletion of the
references to "Israel" and will rely instead on the general language which
prohibits Charterer from ordering the vesel to any unsafe port.

Thus, it looks like we just need to determine whether under the
circumstances Enron has any reporting obligation under either the Treasury
Regs or Commerce Dept. Regs. as a result of receiving this request with the
original Clause 5 references to a prohibition on trading the vessel into
Israel.  I hope this information helps.  Please let me know if you need
anything further -- I can be reached in London at 011-44-207-235-1234, Room
523 or by mobile at 011-971-50-457-2349.  Thanks again for al of your help.

Kind regards,
Dan Rogers
Assistang General Counsel
Enron Global Markets/Wholesale Services
713-345-7804

(See attached file: ELM-OLNG-VOYAGE-CHARTER-PARTY(2-22-01).doc)

                    "Lichtenbaum,

                    Greta"                To:     "Rogers, Daniel R.
(Enron)" <daniel.r.rogers@enron.com>
                    <glichtenbaum@        cc:

                    velaw.com>            Subject:     Antiboycott

                    02/26/2001

                    11:56 AM

Hi Dan, hope your trip went well. Following up on our conversations last
Friday,  I have a call in to the Antiboycott Office; have not heard back.
In
the interim, could you send me the agreement? We should review it for
"governing law" antiboycott issues.  I'd also like to have the exact clause
in front of me when I speak to the Antiboycott Office.

Thanks.

Greta Lichtenbaum
(202)639-6733
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
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          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
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review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


To begin the process of thinking about what is needed to plan our space for
the future, we need to pull together some very simple information from each
of you.   Please provide the following to Rod Hayslett or to me as soon as
possible:

Number of work spaces by category:
 Office
 Cubicle/work station - high walls
 Cubicle/work station - low walls

Number of additional work spaces (visitors, auditors, etc.)

Number of Conference/Team Rooms:
 Small (4-6 person)
 Medium (7-12 person)
 Large (more than 12 - please specify)

File Rooms: Specify the linear footage of file space required and/or list
special requirements for maps, etc.

Special:  Model Office
  Computer Rooms/Cold Rooms
  Map Tables and/or walls
  Writable walls
  Video Conference Equipment/Connections
  Other

Also, please identify one person from your organization that can be used for
coordination purposes. For instance, Rod Hayslett will assign Kathy Campos
for his section.

Thanks for your help in this effort!


Find these stories and more at
http://www.redherring.com

------------------------------------------------------------
TOP STORY: Forget about Bush and Gore. If the technology
sector is to continue its recent rally, Larry Ellison's
Oracle had better produce the strong numbers the market
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* Ellison rests up for battle
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------------------------------------------------------------
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Insecurity complex

Under Thornton May's name, on his Guardent business card, is
a Fast Company-esque title: "Corporate Futurist and Chief
Awareness Officer." As if it's possible to not be aware of
Thornton.

He's unignorable, a kinetic public speaker and staccato
conversationalist. These are good traits, given what he's
trying to drum up awareness for: Guardent's service of
building secure information infrastructures.

Most security services (monitoring services, hackers-for-
hire, etc.) generally don't probe the weakest links in any
system: the people. Thornton's out to educate a whole class
of IT professionals about human behavior -- what to look for
in on-staff security risks, and how to behave with other
professionals so as to better exchange information about
security.

Sounds like a great consulting gig, but Thornton is very
dismissive of consultants. He claims that Guardent's 160
people are, in fact, hyperspecialists on security, and that
Guardent is one of a new kind of company that will rise from
the ashes of the great e-consulting washout: focused, best-
of-breed, expert organizations. The challenge to come, he
says, will be the corporate customer's who, fed up with
broad but shallow consulting firms, will have to learn how
to tightly integrate contracted, fanatical specialists into
their own teams.

- Rafe Needleman, rafe-needleman@redherring.com
Editor, http://www.redherring.com

FURTHER READING
* Does the collapse of consultants mean more work for the
rest of us? Discuss!
http://boards.redherring.com/WebX?13@38642@.ee6d7bd??* Company site: Guardent?http://www.guardent.com??* Head Count: Thornton joined Guardent in August?http://www.redherring.com/companies/2000/0828/com-headcount082800.html??* Will consult for food?http://www.redherring.com/investor/2000/1211/inv-consulting121100.html??* Special Report! Picking the locks on the Internet security?market?http://www.redherring.com/insider/2000/0724/tech-fea-security-home.html??* Open source: The next big management trend??http://www.redherring.com/cod/2000/1106.html??* Catch of the Day: Qualys and Counterpane?http://www.redherring.com/cod/2000/0818.html??* The Red Eye: The ultimate hack?http://www.redherring.com/insider/2000/1031/tech-redeye103100.html??* Hackers go corporate?http://www.redherring.com/mag/issue71/news-security.html??* Wall Street, VCs seek security shields after hack attacks?(February)?http://www.redherring.com/insider/2000/0210/tech-hacks021000.html??* Home firewalls are in your future (February)?http://www.redherring.com/insider/2000/0201/tech-athome020100.html??------------------------------------------------------------?A D V E R T I S E M E N T??SPENDING MILLIONS ON TECHNOLOGY? STILL NOT A DIGITAL?BUSINESS? The authors of The Profit Zone tell you how to?create entirely new, profitable and unique value?propositions using technology. For details and excerpts:??http://www.howdigitalisyourbusiness.com/redherring2?A D V E R T I S E M E N T?------------------------------------------------------------??INSIDE TECH?In Wireless Watch: Wireless data is starting up the fight?for online privacy once again, and this time the government?is stepping into the ring.??* Wireless Watch: Got privacy??http://www.redherring.com/insider/2000/1213/tech-ww121300.html???INVESTOR?Wit Soundview technology strategist Arnold Berman says?investors should not look for hot new technologies to emerge?in 2001. But companies like Brocade, Ciena, and JDS Uniphase?that are helping to make the Web, the current big thing,?even better should do well.??* Now's not the time for the next big thing?http://www.redherring.com/investor/2000/1213/inv-mag-87-tactics121300.html???VC & STARTUPS?In VC P.S.: Venture capitalist Bill Elkus talks about?lessons learned from Nehru collars, the problem with?investing in buzzword sectors, why B2C won't come back, and?lots more. And in Dealflow: Ben Affleck, Matt Damon lend?Liveplanet luster; Access360 gets access to $41.5M;?Campusengine lays off 33; Exem pitches for $3 million to $5?million; and more.??* VC P.S.: Idealab's other Bill, part 2?http://www.redherring.com/vc/2000/1213/vc-vcps121300.html??* Dealflow: Video Networks keeps the news flowing?http://www.redherring.com/vc/2000/1213/vc-ltr-dealflow121300.html???RED HERRING MAGAZINE?Briefing: In real-life 2001, Hal will be a diffuse?collection of Net-connected devices. The Internet has taken?hold, and with it the decentralization of our computing?culture. Also, with new manufacturing methods, better?engineering software, and the general efficiency of the Web,?the independent designer car is faster, cheaper, and easier?than ever to build. And VC firm eVolution intends to bring?the credibility and business-building experience of its big-?name backers to large corporations that lack entrepreneurial?skills.??* Distributed computing shapes the new world order?http://www.redherring.com/mag/issue87/mag-computing-87.html??* Startup Model E finds its own road?http://www.redherring.com/mag/issue87/mag-designer-87.html??* EVolution makes arthritic corporations youthful?http://www.redherring.com/mag/issue87/mag-venture-87.html??------------------------------------------------------------??FREE email newsletters from Redherring.com!??Want insight into the hot IPO market, long-term investing?strategies, future technologies, stocks to watch, venture?capital funding, and more? Get FREE email newsletters in?your inbox from Redherring.com, with the insight, analysis,?and opinion to help you make more strategic business and?personal investing decisions. 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An outstanding year!

2000, of course. It was extraordinary, by any measure.

How many years can you name that start with a great hoax -- Y2K -- and end
with a monumental hoot -- the world's greatest democracy can't get the hang
of how to elect a President?

We're not the only mad conspiratorialist to divine that the Y2K scare was the
brilliant handiwork of a cabal of top computer makers intent on sparking
sales -- and what a wildly successful scheme it was.

Few, however, are privy to the knowledge that the massive snafu of election
2000 was no improbable statistical fluke but the Machiavellian contrivance of
Ross Perot exacting revenge for being denied his usual place on the ballot.
Besides, it finally occurred to Ross that he wasn't going to be President,
and that made him as mad as a plucked rooster: If he wasn't going to be
President, by gum, nobody was going to be President!

Even though election 2000 demonstrated a small defect -- an inability to pick
a winner (but remember, nothing's perfect) -- it did put to rest some nasty
aspersions that have long been cast on the workings of this blessed republic.
Most particularly, it buried once and for all the cynical notion that money
can buy the Presidency. Both parties spent hundreds of millions of dollars
trying to do just that -- and came up empty.

So let's not hear any more nonsense about the Presidency being for sale. It's
now quite clear that the Presidency can't be bought; conceivably, though, it
can be stolen.

What remains to be determined is which of the pretenders can pull off the
theft. Mr. Bush would seem to enjoy a congenital advantage, since the
governor of the state whose votes ultimately will prove decisive is his baby
brother.

On the other hand, Al Gore has the overwhelming support and counsel of the
trial lawyers. Trial lawyers, after all, make a profession of knowing how to
get away with murder. So they should find figuring out how to snatch the
Presidency mere child's play.

Not the least remarkable thing about this most remarkable year is that the
Supreme Court seemingly has abandoned its long tradition of following the
election returns in favor of helping to shape them. The good part is that
there are nine of them-seven mostly old men and two women of a certain
age-assuring a majority ruling, unless one recuses himself because he simply
can't stand Florida.

Only in America in the year 2000.

-- As you're undoubtedly and possibly painfully aware, 2000 is already
memorable in Wall Street as the year the air began to whoosh out of the
monster stock-market bubble and, after many a frustrating try, the year the
bears finally ate Goldilocks.

In fact, unless such portents as mounting claims for unemployment insurance
and the latest downbeat readings on business from the purchasing managers are
completely misleading, 2000 will go down as the beginning of the end of the
most salutary and long-lived economic boom to grace this nation (and probably
any other).

These are, admittedly, negative distinctions. But if you're a year and want
to be famous, you can't be picky: No one harks back to 1929 because it was a
great year for butterflies.

Nasdaq unarguably has turned in a once-in-a-lifetime performance this year.
Never before has a stock-market index caused as much pain in so short a time
as did Nasdaq in its breathtaking (and wealth-evaporating) 50% drop from its
March high to its close last Thursday. What's more, it has a full month to
better (worsen?) that fantastic feat.

Nor does the plunge in the index -- formidable as it is -- do full justice to
the awesome decline. A much more graphic picture is painted by the slides in
individual issues. Here, we're indebted to a sometime correspondent named
Howard Boyet, who sent us a list of 90 of the most gruesome casualties. Alas,
space -- and solicitude for those readers of an especially delicate
disposition -- prevent us from listing the entire wretched roster. But a
sampling will give you the flavor.

For instance, Foundry Networks, which peaked at 212, was last seen at around
41. Harmonic has fallen from 158 to 7-plus. Internet Capital from 212 to 6.
FreeMarkets, from 370 to 29.50 (not quite free yet, but it's getting there).
VA Linux, from 320 to 8. Red Hat, 151 to 6. Inktomi, 241 to 24. DoubleClick,
135 to 13. Akamai, 346 to 27. Next Level, 202 to 11 (we dread to contemplate
the stock's next level). MicroStrategy, 333 to 12 (might be something wrong
with the strategy). Ask Jeeves, 144 to 10 (if it's all the same, we'd rather
not ask him). And on and drearily on.

So if you own stocks like Dell Computer (60 to 18) or Gateway (81 to 19) or
Texas Instruments (100 to 37) or Oracle (46 to 26), you can take some comfort
in the knowledge that you could have owned any of the above or the likes of
Razorfish (57 to 3), Novell (44 to 6) or Covad (67 to 2).

These exercises are now commonplace, and journalistically, we suppose,
they're the equivalent of a circus freak show. But they do, as Mr. Boyet
suggests, provide a more vivid and even more accurate description of the
damage wrought.

What we've found most intriguing is that, until now, all this blood in the
Street has evoked very little public outcry. We've experienced a kind of
cruel and vast but silent mugging. Magazines like Time and Newsweek haven't
done their usual heavy-breathing treatments, nor have most newspapers,
including the New York Times, made a front-page fuss about the decline and
fall of Nasdaq. Nor are the networks running their usual inane specials.

Moreover, until quite recently, mutual-fund shareholders have placidly
watched their wealth withering. No crowds gathering in front of fund
headquarters and, more tellingly, no rush to redeem their holdings.

There are several possible explanations for this rather astonishing
diffidence on the part of the financially wounded and the absence of hysteria
in the press, both the electronic version and the genuine item. The
distraction of the election that never ends. The fact that most everyone who
wants one still has a job and a relatively high comfort level. Whatever the
cause or combination of causes, that we're in a bear market, and a vicious
one, doesn't seem to have sunk in yet.

Until it does and until fear stalks the Street and an ugly grizzly makes the
cover of Time, if you run into anyone claiming to espy a bottom, take him
firmly by the hand and guide him to the nearest ophthalmologist.

-- That chart adorning this page depicts another reason why there's lots of
room still on the downside. (See accompanying illustration -- Barron's Dec.
4, 2000) It comes to us courtesy of George Gilman, the savvy and talented
producer of the Business Picture, a wonderful quarterly compilation of charts
and info on the economy and the markets.

The last official number for the Nasdaq P/E, he reports, was 139.1 for
October, but he reckons the figure fell to somewhere around 107 by the end of
November.

As George comments: "Even after the 48.5% decline from the March 10 peak of
5048.62 to Thursday's close of 2597.93, the P/E on Nasdaq is incredibly high."

And that's the point. The multiple wouldn't be cheap at half its current
level. Nor would it shock us if, eventually, Nasdaq and its P/E fell another
50%.

-- While we're convinced we're in the early stages of a secular bear market,
we know there'll be blips in this descent just as there were dips in the late
great bull market.

In truth, we're surprised we haven't had a halfway decent rebound yet.
Certainly, we're overdue for one. Consider this a heads-up on what might
trigger a bounce (apart from a miraculous resolution to the election snarl).

Next Tuesday, Alan Greenspan is slated to deliver the keynote address to a
gathering of commmunity bankers in New York City (which is not overrun by
community banks but is a great place to visit). We haven't a clue as to what
he intends to say, and it might well be nothing intelligible.

But should Mr. G make a sly reference to the economy and monetary policy and
hint that maybe the Fed is poised to shift from tight to neutralthat just
could rouse spirits in Wall Street enough to ignite a fairly brisk -- if
relatively brief -- move up.

-- John Liscio died last week. John was our colleague at Barron's for roughly
a half-dozen years in the late 'Eighties and early 'Nineties, and not a day
went by that he didn't light up the place.

He was vibrant and funny, outrageous and irreverent, extraordinarily
intelligent. He was brash and tough and had an insatiable appetite for
mischief. Yet he was also warmly affectionate, shirt-off-his-back generous
and, oddly, possessed of a touching ingenuousness.

John had an expansive mind that ranged restlessly and relentlessly over just
about every subject known to literate and inquiring man and a few that only
his special imagination provided entry to. He was a baseball nut, a
cantankerous pitcher for and captain of Barron's softball team and a demon
participant in the Fantasy League, where grown men play at being
owner-managers of major-league teams. In fact, he was the commissioner of his
league (in which role, we can only surmise, he visited great anguish on his
fellow Fantasy Leaguers).

As a writer, John was exceptional. He brought to economics and markets a
knowledge not only of those murky subjects but also of the wide world; a
gifted and fluent pen and a sense of humor that could be -- inevitably was --
deliciously wicked. He would leap with positive glee on some unfortunate with
a tempting name. There was a chap named LaWare at the Fed, for example, whom
John inevitably and with some purpose called UnaWare. Morgan Stanley
economist Stephen Roach was rarely mentioned by John but as the proprietor of
the Roach Motel, where the facts check in but don't check out.

He was a brilliant journalist, both at Barron's and at U.S. News, and,
against all advice and odds, launched an economic newsletter, the Liscio
Report, which became a roaring success. The reason was simply that John had
more wit in one pinky and more insight in the other than any dozen economists.

John, who was spunk personified, showed unbelievable courage as he battled
his last illness. When we visited him in his hospital room and told him
joshingly he looked like hell, he grinned that indomitable grin of his and
launched into a couple of hours of dissertation on the state of the world,
excitedly detailing his plans for the future.

He was the most indomitable person we've ever met. All of us here at Barron's
and, for that matter, anyone lucky enough to have known him, will miss him
terribly.


Hi Green Roomers!

Great season.  I thought you might like to know that we did in fact finish
at the  top of our league. This season was the first time in 7 years we won
our league.  Some have inquired about a playoff game between the 1st and 2nd
placed teams.  So far I have not found that to be true, but will let you
know ASAP if I hear differently.  Here is a link to the GPSD league and
standings.

http://www.gpsdsoccer.com/

As we discussed at our last game and even though I wanted to leave the
managing to some one else.  Given our success and the fun we are having I am
willing to manage the Greenroom one more season this Fall Season in second
division.

To enter a team we will need to come up with $670 by July 23rd.  So if you
want to keep playing on the team please send me (Jon Gail) a check in the
amount of $50.00 at the address below.  If I collect extra money it will be
used to buy a few new uniforms.

Again great season and thanks to all for making it a positive experience.

Jon Gail
8573 SW Dakota Drive
Tualatin OR 97062

Ph: 503-691-8067


Please find attached a copy of the notification memo regarding the breach in the Five Day Loss Limit occuring on 13th November 2001
Please note that the Word document is also attached for clarity

Regards,
Ankush


--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Plante, Everett <Everett_Plante@Enron.net>
To: Edison, Andrew <Andrew.Edison@ENRON.com>
Sent: Fri Oct 26 14:56:59 2001
Subject: FW: Press release from Dow Jones

 -----Original Message-----
From: 	Sarkissian, Arshak
Sent:	Friday, October 26, 2001 2:43 PM
To:	Fallon, Jim; Dimichele, Rich; Racicot, Paul; Plante, Everett; Suarez, John; Hawthorn, Jay; Edison, Susan; Garrett, Bryan
Subject:	FW: Press release from Dow Jones

 -----Original Message-----
From: 	Sarkissian, Arshak
Sent:	Friday, October 26, 2001 11:36 AM
To:	Fallon, Jim; Dimichele, Rich; Racicot, Paul; Plante, Everett
Subject:	FW: Press release from Dow Jones

 BECAUSE OF THE FAILURE OF THE ENRON BROADBAND SERVICES-MICROSOFT DEAL, MSN
WILL HAVE TO TEMPORARILY LIMIT DELIVERY OF ITS NEW HIGH-SPEED INTERNET SERVICES
TO THE 14 STATES COVERED BY QWEST COMMUNICATIONS INTERNATIONAL INC. (Q), SAID
BOB VISSE, DIRECTOR OF MSN MARKETING.
   THOSE 14 STATES ARE ARIZONA, NEW MEXICO, COLORADO, WYOMING, IDAHO, IOWA,
MINNESOTA, SOUTH DAKOTA, NORTH DAKOTA, MONTANA, NEBRASKA, OREGON, UTAH AND
WASHINGTON.
   THE ENRON DEAL WAS TO PROVIDE BACKBONE SERVICES OUTSIDE OF THE QWEST AREA,
VISSE SAID. BACKBONES PROVIDE LONGHAUL SERVICES THAT CONNECT SMALLER AREAS OF
NETWORKS.
   AN ANALYST, WHO DIDN'T WANT TO BE IDENTIFIED, EXPRESSED SHOCK WHEN TOLD THAT
THE DISAGREEMENT WOULD LIMIT THE NEW MSN BROADBAND SERVICES TO THE 14-STATE
QWEST REGION. THAT CALLS INTO QUESTION THE PERFORMANCE OF THE ENTIRE ENRON
BROADBAND NETWORK, HE SAID.
                                                                          (CONT)
   MANY DIFFERENT COMPANIES CAN PROVIDE THE NECESSARY BACKBONE SERVICES AND MSN
WILL FIND ONE, MSN'S VISSE SAID.
   THE NEW SERVICE WAS JUST LAUNCHED THURSDAY SO THERE WEREN'T EXISTING
CUSTOMERS IN THE AREAS OUTSIDE THE QWEST REGION, HE SAID.
   VISSE WOULDN'T COMMENT ON THE LAWSUIT FILED BY ENRON BECAUSE MICROSOFT HASN'T
REVIEWED IT IN DETAIL. COMMENTING WOULD VIOLATE THE NONDISCLOSURE AGREEMENT
MICROSOFT HAS WITH ENRON, HE ADDED.
   "WE DO BELIEVE WE HAVE FULLY UPHELD THE TERMS OF THE AGREEMENT," HE SAID.
   MICROSOFT HASN'T FILED A LAWSUIT AGAINST ENRON RELATING TO THE DEAL, HE
ADDED. HE WOULDN'T COMMENT ON THE POSSIBILITY OF SUCH A SUIT.
   IN RECENT TRADING, SHARES OF ENRON WERE DOWN 66 CENTS, OR 4.04%, TO $15.69.
SHARES OF MICROSOFT WERE OFF 15 CENTS, OR 0.25%, AT $62.63.
   -BY MICHAEL RIEKE, DOW JONES NEWSWIRES; 713-547-9207;
MICHAEL.RIEKE@DOWJONES.COM

  (END) DOW JONES NEWSWIRES 10-26-01 14:55 EDT


Former USDA Secretary Glickman has joined David Carlin at Akin Gump, which is
great news for Enron in the event that we move forward with our entry into
the ag business.   On February 13th, the Enron Board will decide whether to
launch the "soft" commodities (coffee, sugar, cocoa) on EOL.   Gary Hickerson
doesn't anticipate that there will be a problem.  Decisions on meats and
grains will be made later this spring.

I'll keep you posted.

Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 02/08/2001 06:10 AM -----

	"Carlin, David" <dcarlin@AKINGUMP.COM>
	02/07/2001 03:27 PM

		 To: "Lisa Yoho (E-mail)" <lyoho@enron.com>, "Christopher M. Long (E-mail)"
<clong@enron.com>
		 cc:
		 Subject: New Addition

Lisa and Chris,

FYI - we're excited to have him here and I think he can be helpful to your
business as we move forward.

Dave

 <<Glickman Press Release_.doc>>

The information contained in this e-mail message is intended only for the
personal and confidential use of the recipient(s) named above. This message
may be an attorney-client communication and/or work product and as such is
privileged and confidential. If the reader of this message is not the
intended recipient or an agent responsible for delivering it to the intended
recipient, you are hereby notified that you have received this document in
error and that any review, dissemination, distribution, or copying of this
message is strictly prohibited. If you have received this communication in
error, please notify us immediately by e-mail, and delete the original
message.

 - Glickman Press Release_.doc


As to your question about what's going on in California, I've done some
reading and here are my thoughts.

The Nov. 1 FERC order in Docket No. EL00-95-000, in which the Commission
ordered a $150/MWh price cap (among other things), was predicated on the
Commission's authority under Section 206 of the Federal Power Act.
Specifically, the FPA provides that if the Commission finds that "any rate,
charge or classification for jurisdictional services, or any rule,
regulation, practice or contract affecting such rate, charge or
classification" is unjust or unreasonable, the Commission shall determine the
just and reasonable rate, charge, classification, rule, regulation, practice,
or contract that should be in effect.  The Commission recognized that certain
areas of the flawed California market are not within its jurisdiction, but
"fixed" the areas within its jurisdiction.   Apparently the California
governor agrees with me that the Commission's jurisdiction in the area of
wholesale electricity prices is questionable...

In any event, if the Commission wanted to open a proceeding to investigate
the justness and reasonableness of negotiated gas transportation rates, its
authority to do so would be much clearer.  The Natural Gas Act expressly
authorizes FERC to declare unlawful any transportation rate that is not just
and reasonable.  "Just and reasonable" has been interpreted in many different
contexts and the Commission has significant discretion over what it means.
As we all know too well, the Commission sometimes acts unpredictably.
However, my feeling is that it will probably take more than 2 or 3
above-max-rate contracts to motivate the FERC to act to declare a negotiated
rate deal, struck within a pipeline's tariff authority, to be unjust and
unreasonable.  The California proceeding was initiated after entire
communities of individual consumers suffered 200-300% increases in their
electricity bills.  The prices for electricity in California were outrageous
across the board and affected everyone in the state.  By contrast, TW's
transport rates for its short-term deals are far removed from end user prices
and the practice of negotiating higher than max rate deals is probably not
widespread enough for anyone to notice.  It is far from being a consumer
issue, and besides, the elections are over.  However, as you and I have
already discussed, we must be wary of parties like Dynegy that do notice just
about everything and who might try to draw it to FERC's attention.  We do
need to watch to see whether other pipelines serving California are doing the
same types of deals.  Kathy, why don't you and I discuss a system of
monitoring the contract information postings of El Paso, Kern, PGT/NW.  Drew,
obviously I've only scratched the surface here so let's talk if you want a
more in-depth report.

	From:  Drew Fossum                           11/21/2000 10:36 AM

To: Susan Scott/ET&S/Enron@ENRON
cc: Kathy Ringblom/ET&S/Enron@ENRON

Subject: Re: gouging

That is by far the best line of the day!!  Unconscionability may be the thing
I'm remembering , but I think there is some more specific law related to
market dislocations--i.e., the Hurricane example.  Its sort of a twist on
market power law--i.e., if the fates hand you short term market power, you
better not use it.  DF

Susan Scott
11/21/2000 10:08 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Kathy Ringblom/ET&S/Enron@ENRON

Subject: Re: gouging

I know there is some case law out there on contracts being voided because
they are "unconscionable."  There are several examples in consumer law and
employment law, in which one contracting party is a corporation and the other
is a West Palm Beach voter.  However, if my memory serves me correctly, none
of them involve contracts between 2 sophisticated business entities such as
TW and Sempra or PG&E.  Absent evidence of fraud, courts uphold bargains
struck at arms length.
Kathy, I'd be happy to take the oars on this but if you've already done some
looking, please let me know if you've found anything.

	From:  Drew Fossum                           11/20/2000 04:44 PM

To: Susan Scott/ET&S/Enron@ENRON, Kathy Ringblom/ET&S/Enron@ENRON
cc:

Subject: gouging

Stuck on the phone so I thought I'd email you.  Stan has asked Mike Moran if
TW has any potential exposure on the high value transport deals under "anti
gouging" statutes or common law.  You know, the laws that say you can't
charge $100 per sheet of plywood during a hurricane or $50 for a bucket of
water during a drought.  I think we need to research two things:
1.  are there any such laws applicable to our business?  (Cal. state law
would probably be the best place to start)
2.  could the political/regulatory fight in Cal about power and gas prices
ever expand all the way to our transport pricing?  I.e., if the CPUC whacks
the power sellers for taking unfair advantage of their monopoly power, its
not a big leap for the CPUC or FERC or even U.S. congress to whack gas
sellers for jacking prices up to $14/MMBtu, as happened on Friday.  If that
happens, its just another small jump to whack us for charging $1 for
transport, or so the logic goes.  I'd like to hear preliminary views by 8:30
Monday am so I can talk to Mike before Stan's staff meeting (no written memo
necessary).  Based on that prelim. research, we can decide what else need s
to be done.  Thanks df


He's re-trading on the retainage.  Let's discuss.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/04/2001 03:11
PM ---------------------------

michael.o.sandridge@us.abb.com on 01/04/2001 01:42:58 PM
To: ben.jacoby@enron.com, Kay.mann@enron.com
cc: david.onuscheck@us.abb.com, karla.hesketh@us.abb.com

Subject: Contract comments

Ben/Kay,
After reviewing the contract with Dave we found only a couple of points that
we
would like to mention;
1) 1.48 the Maximum Liability Amount should be $768,000 USD
2) The unit will not be delivered until the last 10% (ten percent) retention
is
paid and we will post the surety bond as shown in in Exhibit D
3) ABB would not buy back the unit except from Enron.

Please let me know if there is any way that we may further assist you.

MIKE


laconic (luh-KON-ik) adjective

   Sparing with words, concise, terse.

[From Latin Laconicus, from Greek Lakonikos, from Lakon, Laconian, a resident
of Laconia, an ancient country in southern Greece (Capital: Sparta). From the
the reputation of the Laconians for terseness.]

   "A studied cool prevails, the athletes communicating through laconic
   signals, minimalist gestures and misdirected glances."
   John Brant, Sights Set on Sydney, Runner's World, Sep 1, 1998.

This week's theme: Words from the names of newspapers.
Example: The Standard Laconic (Snow Hill, North Carolina).

............................................................................
If only there were evil people somewhere insidiously committing evil deeds
and it were necessary only to separate them from the rest of us and destroy
them. But the line dividing good and evil cuts through the heart of every
human being. And who is willing to destroy a piece of his own heart?
-Alexander Solzhenitsyn, novelist, Nobel laureate (1918- )

Subscribe:    http://wordsmith.org/awad/subscribe.html
Unsubscribe:    http://wordsmith.org/awad/unsubscribe.html
Change address:   http://wordsmith.org/awad/address-change.html
Gift subscription:  http://wordsmith.org/awad/gift.html

Pronunciation:
http://wordsmith.org/words/laconic.wav
http://wordsmith.org/words/laconic.ram


Merchant2
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i just looked at the prices for flights to cayman and they run around $600.  this is going to cost over $1000.  start saving now.

 -----Original Message-----
From: 	Peder Kjeseth  [mailto:pederleifkjeseth@hotmail.com]
Sent:	Wednesday, May 09, 2001 6:14 PM
To:	ralee; merlinm; Matthew.Lenhart
Cc:	scott.morrill
Subject:	Re: Jen and Max!!!!

I think we should dig up that slip that Matt Hersh gave to Max saying that
he might have been exposed to an STD and then get the photo of his cock in a
doughnut to complete the circle.  Has anyone fwded that mail to Coco?  I'm
sure she has a couple fond memories for the two of them to savor throughout
their marrige.

-PLK

>From: "Ryan Lee" <ralee@rmi.net>
>To: <merlinm@uswest.net>, <Matthew.Lenhart@enron.com>
>CC: <Matthew.Lenhart@enron.com>, <pederleifkjeseth@hotmail.com>,
><scott.morrill@grubb-ellis.com>
>Subject: Re: Jen and Max!!!!
>Date: Wed, 9 May 2001 12:55:06 -0600
>
>What is this book thing. I will crack skulls! I'll wipe a booger on the
>first page. Then I'll sign it "REMO"!
>
>----- Original Message -----
>From: <Matthew.Lenhart@enron.com>
>To: <merlinm@uswest.net>
>Cc: <Matthew.Lenhart@enron.com>; <pederleifkjeseth@hotmail.com>;
><ralee@rmi.net>; <scott.morrill@grubb-ellis.com>
>Sent: Wednesday, May 09, 2001 11:27 AM
>Subject: Re: Jen and Max!!!!
>
>
> >
> > i think she is one of jen's cougar friends.  that is such a chick thing
>to
> > do.
> >
>

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Received and transfered to the Zoom network:

Clear Sky:   Apr15
  Apr19
---------------------------------
Monfort: Apr12
  Apr15
  Apr17
--------------------------------
Trent:  Apr12
  Apr15
  Apr17 download
--------------------------------
Klondike: Apr3 download

-John


Get ready.  Beginning in November, electronic pay stubs will be available to all employees who have their paychecks direct deposited into their bank account.  Electronic pay stubs are an easy, fast, and efficient way for you to get your payroll information.  They will also help Enron to realize a considerable savings in time and dollars spent over traditional printed pay stubs.

If you prefer to receive a hardcopy of your pay stub, click on the link below to complete a request form.  This form must be submitted to Payroll by October 15, 2001.  Unless you submit a form your pay stub information will default to electronic viewing.

Please click on the link below.

Name:             THOMAS MARTIN
Personnel number: P00501166
Phone:            7138533079

If you have questions about electronic pay stubs, please contact Janice Priddy (Payroll) 713-853-7839 or Marie Newhouse (ClickAtHome) at 713-345-4185 or send an email to  Enron.Payroll@enron.com (Enron Payroll in Outlook).

Stay tuned for more details in the coming weeks.

http://etcsurvey.corp.enron.com/wi/p0810709/i.asp?r=21023&s=NMQGLHNC&l=9


Below is a summary of the surety bond issues that I believe we need to
resolve in order to feel comfortable accepting it as a form of collateral to
secure a counterparty's obligations with respect to physical power purchase
and sale transactions:

1.  Determine whether an issuer can refuse to honor a draw made under a
surety bond if after issuance, it determines that the bond was issued in
violation of the appleton statute.  What type of legal comfort should we
receive from the issuer at the outset to get comfortable that the bond was
validly issued and is enforceable against such issuer?

2. Determine the proper minimum credit rating(s) that should apply to the
issuer.

3. In the form of bond that we were given, the "Now Therefore" language in
the third paragraph is not acceptable.  Determine what can be said in its
place to establish the necessary linkage back to the transaction covered by
the Confirmation.

4. Make sure that the bond can be drawn down no matter what type of Event of
Default occurs, even if such event is not related to the transaction that the
bond references.  The Notice of Claim language needs to be written more
generically to accommodate this.

5. Does credit need a "pre-bankruptcy" trigger that would require Reliant to
convert all outstanding bonds into LC's or cash collateral?  If so, what
would this trigger be?

Let me know if you have any additional issues.  I will be discussing some of
these with our outside counsel shortly.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


You get this?  Scott said that it bounced back to him the first time.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/26/2001 07:16 PM -----

	"Scott Govenar" <sgovenar@govadv.com> 07/26/2001 06:27 PM Please respond to sgovenar 	   To: <richard.sanders@enron.com>, "Susan J Mara" <smara@enron.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Paul Kaufman" <paul.kaufman@enron.com>, "Steven Kean" <Steven.J.Kean@enron.com>  cc: "Hedy Govenar" <hgovenar@govadv.com>  Subject: Attorneys

As we discussed on yesterday's conference call, the following attorneys are
experts on the California Public Records Act, which is the applicable Act
for retrieving information from the California Legislature.  The first two
names were provided by the California Newspaper Association (Enron was not
mentioned) and the third name comes from our associate Mark Harris.  We
often work with the fourth attorney on other issues and he does have some
experience in this area however he should be used primarily if the other
attorney's do not work out.

Charity Kenyon
Riegels, Campos & Kenyon
(916) 779-7100

Karl Olson
Levy, Ram, Olson & Rossi
(415) 433-4949

Kevin Culhane
Hansen, Boyd, Culhane & Watson
(916) 444-2550

Phil Recht
Mayer, Brown & Platt
(213) 229-9500


Steve,

It's really Houston part of the group only.
We have to figure out how to close the gap caused by Grant's departure.

Vince

Steven Leppard
01/10/2001 04:38 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Continuation of Project Meeting

Thanks for the invite Shirley, but 9pm is pushing it a bit, especially on a
Friday night!

Shirley Crenshaw
09/01/2001 20:28
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT,
Tanya Tamarchenko/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Steven
Leppard/LON/ECT@ECT
cc:

Subject: Continuation of Project Meeting

Hello everyone:

Vince would like to continue his "project meeting" that was cut short this
morning.  The area to be discussed is the Researh reorganization.  We
would like to have schedule this meeting for this Friday, January 12th at
3:00 PM in EB19C2.

Please let me know if you have a problem with this.  Osman will be in
California, but he will join you via conference call.

Thanks!

Shirley

Osman:  The number for the conference room EB19C2 is:  713/853-6336.


Sara,
The clearing agreement is below.
We do not need to complete the Give-up agreement.  We  will execute and clear
through CSFB for this activity.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 07/27/2000 03:21
PM ---------------------------

"Reis, Steven" <steven.reis@csfb.com> on 07/27/2000 02:58:04 PM
To: "'sheila.glover@enron.com'" <sheila.glover@enron.com>
cc:
Subject: Futures Documentation

Sheila,

At the request of Kate Goss of our Fixed Income Trading Group
please find clearing documentation and a Give-Up agreement for
executing with additional brokers.

 <<futures.pdf>>  <<3prtygu.doc>>
Please have the clearing documents executed by the appropriate parties and
returned to my attention along
with supporting documents establishing the ability of the entity to trade
futures, authorization of the individual(s)
who signed the documents to be able to do so, trading guidelines and any
applicable resolutions.

With regard to the Give-up Agreement, please have this document executed on
behalf of Enron and forwarded to the
executing broker with instructions to return the Give-Up agreement to me for
final signature and distribution..

Please call with any questions or concerns.

Regards,
Steven J. Reis
Vice President
CREDIT l FIRST
SUISSE  l BOSTON
Legal and Compliance
Tel:   212-325-6365
Fax: 212-325-8282
e-mail Steven.Reis@CSFB.com

[INFO] -- Content Manager:
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
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where the message states otherwise and the sender is authorised to state
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Unless otherwise stated, any pricing information given in this message is
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Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - futures.pdf
 - 3prtygu.doc


Greg,

Attached for your review and further handling the Draft Interconnect
Agreement with Brazos Valley Project, L.P. and HPL.

Thanks & have a great weekend,

Eric Gillaspie
713-345-7667
Enron Building 3886


yes

	Linda Robertson
	03/01/2001 07:47 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Senator Feinstein

Apologized that she could not meet with Steve yesterday.  She would like to
have this meeting.  She asked that we schedule this for your next trip to
DC.  I think we should do this meeting soon.  Do you want me to get on her
calendar and then build a day of meetings around her meeting?  Or wait until
you are otherwise back in town?


---------------------- Forwarded by Jeffrey Keeler/Corp/Enron on 09/06/2000
06:39 PM ---------------------------

	From:  Jeffrey Keeler                           09/06/2000 06:28 PM

To: James Prentice/GPGFIN/Enron@ENRON, Stanley Horton/Corp/Enron@Enron,
Shelley Corman/ET&S/Enron@ENRON, Ted Robinson/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, J Mark Metts/NA/Enron@Enron, Dwight
Larson/Corp/Enron@ENRON, Michael Terraso/OTS/Enron@ENRON, Marc
Phillips/OTS/Enron@ENRON, Jim Peterson/OTS/Enron@ENRON, Susan
Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Kolb/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stacey Bolton/HOU/EES@EES, Sandra
McCubbin/SFO/EES@EES, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Rob Bradley/Corp/Enron@ENRON, Joe Allen/HOU/EES@EES, Joe
Hillings/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, John
Wodraska/HOU/AZURIX@AZURIX, Diane Bazelides/HOU/AZURIX@AZURIX, Jonalan
Page/PDX/ECT@ECT, Thomas Krueger/HOU/ECT@ECT, Clayton Seigle/HOU/ECT@ECT,
Chris Long/Corp/Enron@ENRON
cc:

Subject: Senate Environment Committee Markup Tomorrow (9/7)

On Thursday 9/7 (tomorrow, 9 a.m.), the Senate Environment and Public Works
Committee plans to mark up S. 2962, Chairman Bob Smith's legislation that
would remove the oxygenate mandate and phase out MTBE.    It is expected to
be a very contested markup, with several Republicans and (hopefully) some
Democrats opposing the legislation on various grounds.

The basic provisions of the "Manager's Amendment" (the latest bill version
that will be the operative vehicle at the markup) include:

1)  Removal of the federal mandate that 2% of RFG contain oxygenates --
states apply for a waiver

Comment:  a state would need to do nothing but apply to have a waiver
approved.   Ethanol does not like this provision, because it harms them too,
but the new "clean fuel" mandate (below) makes up for that.

2)  A phase out of MTBE by 2004.

Comment:  rather than setting year-by-year goals, it sets a date certain for
phase out in 2004  -- this is probably preferable for producers to transition
to making other additives, giving them 4 years to make the necessary
arrangements.

3)  Environmental "Anti backsliding" language
 -- air toxics must be 27.5% better than a baseline
 -- criteria pollutants (this is still in development, drafted by NRDC) -
sets a 5 year baseline period and then looks at   that baseline and
determines whether further action is warranted.

Comment:  this is a weak anti-backsliding provision, that will weaken MTBE's
ability to hold on to market share on the basis that other additives are not
meeting environmental criteria.

4)  Clean Alternative Fuels Program:  a mandate for clean, renewable fuels
(mainly ethanol), ramps up over 10 years.  It is estimated that the current
1.2 billion gallon market for ethanol would expand to 4.5 billion gallons in
that 10 year period.

Comment:  This provision is the one that is causing most of the problems --
refiners, Highway Funding advocates (road builders, etc.) do not want to see
ethanol get such a boost.  Senator Jim Inhofe (the Clean Air subcommittee
chairman) will vigorously try to remove this provision.   In addition, ADM,
Cargil and the other big ethanol producers don't really prefer this approach
to an ethanol mandate.  This may seem strange, but if there is simply an MTBE
ban with no ethanol mandate, the market for ethanol production would increase
quickly to 2.8 billion gallons,  While this is smaller than the 10 year
number of 4.5 billion gallons envisioned by the bill's mandate, the larger
producers would be able to get a greater share and more money up front if
there is no mandate.   If the mandate stays in place, there will be more
opportunity for smaller companies to build additional ethanol capacity to
meet the eventual 4.5 bg market.

5)   LUST funding:  releases more LUST money and allows it to be used for
remediation of MTBE spills.

There are numerous amendments planned on various issues, many of which deal
with the ethanol mandate.   At this point, refiners (API, NPRA) are opposing
the bill over ethanol issues.   MTBE producers (thorough the OFA) are
opposing the bill on a number of grounds and working with certain Republican
Senators (Kay Bailey Hutchison, Bob Bennett) to develop amendments that would
make the bill less acceptable.

Enron has not directly opposed the legislation, but is relying on OFA to do
most of that work.   We have focused on issues related to "transition."
Stranded cost amendments may be offered, but are not expected to have much
traction.   We were successful in getting Chairman Bob Smith to agree that if
this bill is passed by the Committee, they will address issues of transition
for MTBE producers before the bill goes to the Senate floor.   He will engage
in a "colloquy" with Senator Kay Bailey Hutchison at the end of the markup in
which he will commit to work on these issues with Hutchison and other MTBE
supporters.   A transition package could include tax relief or other
incentives for the production of other additives.   In another recent
positive development, we have received signals that Democrats Tom Daschle and
Max Baucus will also support efforts to develop a MTBE transition package
before a bill reaches the floor.   This is largely in an effort to neutralize
some of the MTBE industry opposition to a bill on the Senate floor.

I will keep you posted as developments occur, and likely send a report later
in the afternoon tomorrow.   Please let me know if you have questions.

Jeff Keeler


----- Forwarded by Steven J Kean/NA/Enron on 03/09/2001 05:20 PM -----

	John Sherriff@ECT
	02/23/2001 04:50 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: A&A Committee for Europe

Steve

Here is my recommended A&A PRC committee for Europe - it includes Directors
and VPs
from Wholesale, EES, EBS and several of our remote offices.

Christopher McKey
Kevin Heffron
Paul Chivers
Bruce Garner
Pierre Aury
Ron Slimp
Joe Hirl
Paul Quilkey
Stuart Rexrode
Roy Poyntz
Marcello Romano
David Gallagher
Rob Bayley
Chris Mahoney
Paul Quilkey
Bjarne Schieldrop
Markus Fiala
Andreas Radmacher


Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Yahoo! Calendar - Get organized for the holidays!
http://calendar.yahoo.com/
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Note: forwarded message attached.

__________________________________________________
Do You Yahoo!?
Yahoo! Calendar - Get organized for the holidays!
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---------------------- Forwarded by Steven Miller/Newmarket Software on
11/10/2000 04:34 PM ---------------------------

Tony Costa
11/10/2000 03:28 PM

To:   Steven Miller/Newmarket Software@Newmarket Software, Craige
Hird/Newmarket
      Software@Newmarket Software, Josh Allen/Newmarket Software@Newmarket
      Software, Arthur Meyer/Newmarket Software@Newmarket Software, Arlene
      Lapanne/Newmarket Software@Newmarket Software, Kevin Thim/Newmarket
      Software@Newmarket Software
cc:

Subject:  the next prez.

(See attached file: Minibush.jpg)

 - Minibush.jpg


Okay, I think the tds tab in newcurrentday was wrong.  It is showing a jan
pos of 269.55 lots, but TDS is showing 539.1.  False alarm.  We will fix
newcurrentday.

Mike
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 11/29/2000 10:19
PM ---------------------------

Mike Grigsby
11/29/2000 10:21 PM
To: Anne Bike/Corp/Enron@Enron, Jennifer Bagwell/NA/Enron@ENRON, Monique
Sanchez/HOU/ECT@ECT
cc:
Subject: PG&E Citygate Basis position for January

The PG&E basis position in TDS does not match the FEB/MAR position.  The Baja
spread was executed as a NOV-MAR position months ago. The only real changes
were to Socal basis over time. There is no telling when this might have
changed in error.  Will you please research the position to see when this
position was reduced.  I am guessing that a park and loan was executed by
Frank Ermis at some point and the basis risk was allocated to GD New by
mistake.

Thanks,
Mike


can we talk about this?

	Richard Shapiro
	07/06/2001 03:52 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: California Update--Legislative Push Underway

I Forwarded this one already

From: Jeff Dasovich on 07/06/2001 03:49 PM
Sent by: Jeff Dasovich
To: David W Delainey/HOU/EES@EES
cc: Richard Shapiro/NA/Enron@ENRON

Subject: Re: California Update--Legislative Push Underway

Will do.

Best,
Jeff

	David W Delainey@EES
	07/06/2001 02:58 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Richard Shapiro/NA/Enron@Enron
		 Subject: California Update--Legislative Push Underway

Jeff, I would recommend forwarding these to myself, Lavorato, Dietrich,
Kitchen and Whalley in the future.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/EES on 07/06/2001
02:57 PM ---------------------------

Jeremy Blachman
07/06/2001 02:12 PM
To: David W Delainey/HOU/EES, Janet R Dietrich/HOU/EES, Vicki Sharp/HOU/EES
cc:
Subject: California Update--Legislative Push Underway

Think it would be extremely helpful to have Jeff and/or Jim Steffes update us
on Monday. I will set-up if you don't already have something going.
---------------------- Forwarded by Jeremy Blachman/HOU/EES on 07/06/2001
02:11 PM ---------------------------
From: Jeff Dasovich@ENRON on 07/06/2001 01:16 PM
Sent by: Jeff Dasovich@ENRON
To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, Wanda
Curry/Enron@EnronXGate, Donald M Black/Enron@EnronXGate, Susan J
Mara/NA/Enron@ENRON, Harry Kingerski/NA/Enron@Enron, Tim
Belden/Enron@EnronXGate, Vicki Sharp/HOU/EES@EES, Jeremy
Blachman/HOU/EES@EES, Phillip K Allen/Enron@EnronXGate, Alan
Comnes/Enron@EnronXGate, Linda Robertson/NA/Enron@ENRON, Mike D
Smith/HOU/EES@EES, Michael Tribolet/ENRON@enronXgate, Kristin
Walsh/Enron@EnronXGate, Christopher F Calger/Enron@EnronXGate
cc:
Subject: California Update--Legislative Push Underway

Hertzberg (speaker of the CA Assembly) called a meeting yesterday afternoon
of the group of market participants that have been negotiating the
"core/noncore" proposal in California.  The purpose of the meeting was to
brief us on their activities and their gameplan for trying to find a solution
for California.  Here's a summary of the meeting.  Please keep confidential.

Work will be done over the weekend to put the core/noncore proposal in
legislative language.  (We will be in the room.)
Work done by the "Plan B" group in the Assembly (Joe Dutra and Joe Nation)
will also be put into legislative language over the weekend.
Because no proposal is "comprehensive," a complete legislative package will
be created from the various pieces that have been worked on thus far (i.e.,
core/noncore, "Plan B," Edison MOU)
In addition, there are Republican demands that Hertzberg will need to address
(e.g., end the litigation) in order to achieve bi-partison support, which is
what Hertzberg's shooting for.
To move the legislation, the plan is to establish a "conference committee,"
comprised of an equal number of Democrats and Republicans.
The committe would begin work on Monday and would attempt to finish putting a
comprehensive bill together, vote it out of the Legislature and send it to
the Governor for signing by Monday, July 16th.
July 16th is the deadline because that is the date that the PUC will issue
its proposed decision regarding, among other things, how DWR's revenue
requirement will be put into rates, whether Direct Access needs to be
suspended, etc.
The PUC is issuing the draft on the 16th in order to give everyone 30 days to
review and comment before the Commission votes on a final order on August
15th.  (The PUC will actually issue a "thought piece" on Monday the 9th and
will use reactions to the "thought piece" to craft the develop the proposed
decision it plans to issue on the 16th.)
All of this is still up in the air, however.  As of right now, the leader of
the Senate (Burton) has not agreed to Hertzberg's gameplan and the
Republicans, while interested, have not yet committed to join the process.


Laura,

Here is a draft transfer price agreement:

I'm sure we may want to add some details, etc, but at least this gives us a
beginning point.

I'm hoping that you received the revised draft of the Manlove LOI on
September 8 which incorporated your initial comments to the first draft. We
can discuss what you see as the most efficient path forward, and any
additions, etc, you think are necessary.

I look forward to seeing you on Thursday, and breathing some cooler air for a
change.

My cell phone is 713 304 8716, should you need to reach me in the meanwhile.
I will also be checking my voicemail, but will not be picking up email.

Kay


FYI -- this is the latest initiative by the Administration to address MTBE
concerns in this election year.   Directing resources toward cleanup and
leaking tanks are measures that the MTBE industry has been advocating with
the Administration and Congress.  Particularly given the current debate over
high gasoline prices and RFG's possible role, it has been evident over the
past few weeks that the White House and Congress have become less interested
in tinkering with the RFG program and more interested in achievable,
near-term efforts such as this.

*********

EPA TAKES ACTION TO ADDRESS MTBE CONTAMINATION
FOR RELEASE:  THURSDAY, JULY 6, 2000

EPA TAKES ACTION TO ADDRESS MTBE CONTAMINATION

EPA Administrator Carol M. Browner today announced that the Clinton-
Gore Administration will fund two $1 million pilot projects, one each
in New York and California, to assist with the cleanup of the gasoline
additive MTBE in contaminated community water supplies.  Areas of Long
Island, N.Y., and Santa Monica, Calif., are among those communities
most affected by  MTBE contamination.
     "To protect public health and the environment, the Clinton-Gore
Administration has called on Congress to eliminate MTBE from gasoline,
and we've begun regulatory action aimed at phasing it out," said
Browner.  "However, in the meantime, action must be taken to help
communities already affected by MTBE leaks.  Today, we are providing
additional funding to help New York and California remove MTBE
contamination in affected communities and prevent future problems from
leaking tanks."

     New York is being awarded $1 million to accelerate cleanup at 50
MTBE contaminated sites on Long Island.  The funds for Santa Monica,
Calif. will be used to help the state and the city with the cleanup of
MTBE contaminated groundwater.

     MTBE, or methyl tertiary butyl ether, is an additive in gasoline
used by many refiners to meet a provision of the Clean Air Act that
calls for the use of oxygenates in fuels.  In 1999, the Clinton-Gore
Administration convened a Blue-Ribbon Panel to investigate if MTBE
posed special risks to water supplies.  In the Fall of 1999, the Panel
presented scientific proof confirming that MTBE threatens water
supplies.  The Administration subsequently called on Congress to phase
down or eliminate MTBE.  The Administration also has begun regulatory
action to control MTBE under the Toxics Substances Control Act.


CALENDAR ENTRY:	APPOINTMENT

Description:
	Terry K. - Oncall

Date:		9/9/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Please provide an update as to the status of the execution of the PSA with
Northwestern for the forward purchase of two turbines.  It has been some time
since I saw any documents or was involved in any meetings on this
transaction.  If executed, please insure that we have a copy for our files
and a tickler of what the action plan is with respect to having the documents
for purchase from E-next prepared and timing of execution/purchase.

Lisa


My memory has failed me once again!

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 02/26/2001 12:44:58 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc: Carlos.Sole@enron.com, "Keffer, John" <JKeffer@KSLAW.com>

Subject: RE: Revised 7EA Turbine Letter Agreement

Kay:

My notes indicate that the promissory note structure was used not due to HSR
concerns, but rather, in order to avoid issues associated with
disproportionate distributions resulting from the contribution of funds as
capital.  I believe that the use of an LLC as the subject entity eliminated
the HSR issues.  Of course, the higher HSR threshold is also now effective.

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

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, February 26, 2001 11:37 AM
To: Campbell, Carolyn
Cc: Carlos.Sole@enron.com; jkeffer@kslaw.com
Subject: RE: Revised 7EA Turbine Letter Agreement

Carloyn,

Is the promissory note structure still necessary, given the increase in the
HSR threshhold?

ckm

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 02/22/2001 05:59:49 PM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:   Carlos.Sole@enron.com

Subject:  RE: Revised 7EA Turbine Letter Agreement

Kay:

Yes, the 1/11 draft (v4) is the current draft.

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

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, February 22, 2001 4:10 PM
To: ccampbell@kslaw.com
Cc: Carlos.Sole@enron.com
Subject: Revised 7EA Turbine Letter Agreement

Hi Carolyn,

Is this the most current version?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/22/2001 04:08
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/11/2001 06:29:24 PM

To:   "'kay.mann@enron.com'" <kay.mann@enron.com>
cc:   "'ben.f.jacoby@enron.com'" <ben.f.jacoby@enron.com>,
      "'fred.mitro@enron.com'" <fred.mitro@enron.com>

Subject:  Revised 7EA Turbine Letter Agreement

 <<2RZ504!.DOC>>  <<2RZ5RED.DOC>>

Kay:

We have enclosed clean and marked copies of a revised draft of the 7EA
turbine letter agreement reflecting revisions from the draft previously
distributed on January 8, 2001.  Please review and advise of any comments.
Thank you.

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

Enclosures:    129569v4
          129569vR4/3

(See attached file: 2RZ504!.DOC)
(See attached file: 2RZ5RED.DOC)

                    Confidentiality Notice
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                    Confidentiality Notice
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exclusively for the individual or entity to which it is addressed.  This
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message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


You changed the rate on this deal from $.0227 to $.0358 effective 8/5/00.
What's up with that girl?


I will be at my desk all afternoon.


Thought you guys might like to know that our voice mail system is down until
later this afternoon. Also, I'm filling in for one of the California
Schedulers who'll be out of the office for an indefinite period. Please reach
me on this extension until further notice (yours and mine!):

(503) 464-3827

Or, if it's an emergency and you can't seem to make it out of the tangled web
of receptionists and other phone-answerers, call my cell phone at (503)
819-2181. And of course, there's always e-mail.

I apologize for the confusion and for any inconvenience this may cause.
Thanks for bearing with us!

Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 04/26/2001 08:37 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Mark Guzman                           04/25/2001 08:47 PM

To: Portland West Desk
cc:

Subject: Voice Mail Outage 4/25-4/26

At approximately 6:30 pm on 4/25 Ruth Ashe with PGE notified Enron that there
will be a voice mail outage starting the evening of 4/25 and running thru 2pm
on 4/26.  If you have any questions or concerns please contact her at
503-464-8663 or 503-323-1254.  Thank you for your attention to this matter.


Yes, I'm on the phone with him right now.  He is being very difficult.    I'm ready to kill him.

From:	Jeff Dasovich/ENRON@enronXgate on 11/06/2001 09:59 AM
To:	Diann Huddleson/HOU/EES@EES, Susan J Mara/ENRON@enronXgate
cc:
Subject:	Edison

Hi Diann:
Have you heard anything from Matt Pagano?  Wanted to hear back from you before calling Fielder.  Thanks a bunch.

Best,
Jeff


Attached is the draft that was provided to WFEC's counsel.  As I stated they have requested to depose ECS as well.


Sara

Yes, Carol and I went through the amendments.  It was decided to remove the
amendment pertaining to FX transactions and move forward with the threshold
and guarantee changes.  Last I heard was the latest draft from Stephen
Thatcher needed to change our name to Enron North America Corp.  I do not
have a copy of the latest draft.  Do you have it?  Do you need me to contact
Stephen.  We are eager to get executed since this has been open for some time.

Thank you
Molly

From: Sara Shackleton on 08/14/2000 11:08 AM
To: Molly Harris/HOU/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT, Shane
Dallmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Citibank N.A./ENA Master Agreement and CSA

Molly:  I left you a voice mail this morning about Citibank.  The file
reflects that you received correspondence from Citibank on 2/22/00 and Carol
St. Clair had propsed revisions to the existing 1/9/96 ISDA Master Agreement
(including changes to the CSA).  Have you agreed to those changes?  The
Australia office is inquiring about the status of this Master Agreement.
Thanks.  Sara


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
05:28 PM ---------------------------

Osman Sezgen@EES
04/04/2001 04:33 PM
To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
Subject: IAM Projects-Discounting

Krishna,

Here is my working paper on the issue. We actually applied the alternative
method
(put value) to the calculation of premium for managing the "liquidation
value" curves.

I am working with the desk to get a list of all the projects we have with
information about
the technology class, region, volume etc. Shortly we will be able to apply
these methodologies
and test them.

Osman


Hi Mike,

Thanks for the message. We have received already some further information regarding
houses and schools in Houston. We have also received very useful information and help
in regard to the relocation process, and we are very pleased with the level of attention.

I think it looks like that the first day in the office will be the 16th.

Thanks and Regards,
Christian

-----Original Message-----
From: Roberts, Mike A.
Sent: Saturday, 27 October 2001 7:14 AM
To: Werner, Christian
Cc: Kaminski, Vince J; Labbe, Anne
Subject: RE: first day in Houston

Christian,

Want you to have not only a smmoth but enjoyable transition to the U.S.

I asked Anne Labbe to send you some info:

Enron can set you all up for 30 days in very nice housing to allow you and Mary (and kids) to get your feet wet, determine what part of town you like, etc.

As far as I'm concerned, ready for you to join the team as early in January as possible, but understand your need to get the family properly situated.  If the 16th works out better for you along those lines, that's fine with me.

- Mike

-----Original Message-----
From: Werner, Christian
Sent: Thursday, October 25, 2001 5:05 PM
To: Roberts, Mike A.
Subject: first day in Houston

Hi Mike,

I would like to finalise the actual first day in Houston. I think the earlier I start the
better. At the moment I can see two possible options:

1. Jan. 2nd, with a trip prior to organise house and school

2. Jan. 16th where I would arrive early in the year to organise house and school

School staff is back on the 7th.

Let's discuss.

Please let me know when I can call you.

There are also a few other things I need to organise with the various national weather services before I come over to the US. Basically, we will have top level access to
(raw) data.

Cheers,
Christian


---------------------- Forwarded by Shanna Husser/HOU/EES on 12/07/2000 07:38
AM ---------------------------

LHusser@aol.com on 12/06/2000 11:05:08 PM
To: shusser@enron.com
cc:
Subject: Fwd: The Texas Version of Survivor

Return-path: <Arutha504@aol.com>
From: Arutha504@aol.com
Full-name: Arutha504
Message-ID: <3a.dc8f548.27606fc3@aol.com>
Date: Wed, 6 Dec 2000 23:44:51 EST
Subject: The Texas Version of Survivor
To: Terri1801@aol.com, FINNTTF@aol.com, CGolmon@aol.com, LISABGRUBBS@aol.com,
CHOOSIER41@aol.com, LHusser@aol.com, Cktlaz1@aol.com,
kleyser@RedRiverBank.net, amasden@hotmail.com, Insane824@aol.com,
vmiller48@hotmail.com, LAM0951@aol.com, MollyeMon@aol.com, ONeal415@aol.com,
tarver01@bellsouth.net, SWilli8831@aol.com
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="part2_57.e798a6e.27606fc3_boundary"
Content-Disposition: Inline
X-Mailer: Unknown sub 171

Texas Survivor Network Television is developing a "Texas Version" of
"Survivor," the popular TV show.

Contestants must travel from Amarillo through Fort Worth, Dallas, Houston,
College Station, San Antonio, through San Marcos and Lubbock, and back to
Amarillo driving a Volvo with a bumper sticker that reads: "I'm for Gore, I'm
Gay, and I'm Here to Take Your Guns."

The first to complete the round trip is the winner.

This email was cleaned by emailStripper, available for free from
http://www.printcharger.com/emailStripper.htm


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 09/28/99 05:09 PM
---------------------------

Terri Bachand
09/02/99 02:43 PM
To: Lawrence Lawyer/HOU/ECT@ECT, Trevor Woods/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT, Lance Schuler-ECT
Legal/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Morris Richard
Clark/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Brian
Redmond/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Mark Knippa/HOU/ECT@ECT
cc: Cathy Phillips/HOU/ECT@ECT, Katherine Benedict/HOU/ECT@ECT, Lillian
Carroll/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Mark Courtney/HOU/ECT@ECT
Subject: SAVE THE DATE! - KACHINA CLOSING

Please hold this very important date on your calendar!  On the evening of
September 28, Tuesday,  beginning at 6pm we will celebrate the successful
closing of Project Kachina with cocktails and dinner.   Invitations with
details to follow.


The first loading of ErrDev is complete.   All of the ErrDev for Somerset
have been loaded (29,334 records).  Many duplicates were rejected.

I will be anxious to know if the data in the table meets your needs.

I am working on Mill Run ErrDev as I write this email.


ETS continues working to solidify the security of our environment.  Several projects are underway which I wanted you to know about.  I also wanted to report incidents ETS' infrastructure prevented that did not cause any business interruption and/or lost revenue.

Desktop Management Initiative (DMI)

We are working with Simon Burgess of Enron Net Works on this desktop management initiative.  ETS leverages Enron Net Works for the scripted delivery of applications to our workstations and laptops.  Given the 1,700+ workstations in ETS' environment, it is rather easy to quantify the value received by leveraging this ENW service.  If you consider the number of applications in our environment that would require visits to each workstation or laptop for installation, the $'s add up quickly in costs that we avoid.  DMI will add additional value to ENW's service of scripted application delivery.  Software metering and Application Management are the main two components delivered by this initiative.  Upon completion, support costs are expected to be reduced and the turnaround time for distributing software packages will be faster.

Project Defender (PD)

Project Defender differs from DMI.  Within PD, we are looking at the configuration settings of all ETS workstations and servers.  Once we validate a workstation or server is a supported ETS asset, we compare it's configuration against published minimum supported standards and report exceptions.  The minimum supported standards are comprised of Corporate mandated standards and ETS required standards for the protection of our environment.  Any exceptions are reported and remedied.

An article in ETS' IT Newsletter describes more about Project Defender.  http://www.ets.enron.com/ITNewsletter/projects/projectdefender112001.asp

These are just 2 of many projects Infrastructure has underway to help improve the stability, reliability and security of our environment.  Look for more communication next month on the continuous improvements being made on connectivity to Omaha and our overall Business Continuity/DR process.

INFRASTRUCTURE PREVENTS

During the month of October, there were two (2) incidents that confronted our environment which did not impact our business due to our fault tolerance and pro-active response tools.  These incidents could have had a serious impact to our business, so I thought it important to communicate them and how they were handled which prevented any business impact.

TMS (Throughput Management System)

ETS currently has an EMC disk array that supports some components of the TMS application.  This disk array is targeted for decommission by December 1st, 2001.  The disk array presents four (4) single points of failure for components of the TMS application it supports.  Once decommissioned, these four (4) single points of failure will no longer exist in ETS' environment.

During the week of 10/15, the EMC disk array had 2 power supply failures at the same time.  The array has three (3) total power supplies, so the single, remaining power supply assumed the load while the other power supplies were in a failed state.  The disk array phoned (via internal modem) its support center which in turn, notified our server on-call support member.  Within 4 hours of supply failures, 2 new power supplies were installed in the disk array bringing all 3 power supplies back on-line and in a desired fail over state.  There was no impact to business processes or end users.

RMS (Revenue Management System)
One of the mirrored drives on our production RMS application server (GTHOU-WWRMS01P) failed.  The drive was part of a mirrored set.  Upon failure, the mirrored drive assumed the server load and our Insight Management application reported the failed drive to our server team.  Within 2 hours, the failed drive was replaced.   The drive pair was again in a mirrored state within 6 hours.  There was no impact to business processes or end users.

These are 2 examples where our infrastructure withstood incidents.  I believe this communication is just as important as the communication we all desire in times of crisis.

Thanks,
-Scott.


Here are some unsolicited pics of the house.

Yeah, as it works out, I'm going to take the whole week off just to do it
all right.  Plus, not like we can afford vactation this year anyways.

> -----Original Message-----
> From: Ebner, Daniel
> Sent: Tuesday, August 08, 2000 1:29 PM
> To: 'SP5297@txmail.sbc.com'
> Subject:
>
>  <<P8080013.JPG>>  <<P8080012.JPG>>  <<P8080003.JPG>>  <<P8080009.JPG>>
> <<P8080001.JPG>>  <<P8080002.JPG>>  <<P8080005.JPG>>  <<P8080007.JPG>>
> <<P8080008.JPG>>  <<P8080010.JPG>>  <<P8080011.JPG>>
>
> Daniel Ebner
> D/FW Development - JPI
> 972-556-6915
> mailto:DEbner@JPI.com
> http://www.jpi.com
>

 - P8080013.JPG
 - P8080012.JPG
 - P8080003.JPG
 - P8080009.JPG
 - P8080001.JPG
 - P8080002.JPG
 - P8080005.JPG
 - P8080007.JPG
 - P8080008.JPG
 - P8080010.JPG
 - P8080011.JPG


G-P Leaf River pulp mill sale deal with Enron falls through
10/24/2001 17:43:03, Forestweb
By Diane Keaton  San Francisco, Oct. 24, 2001 (Forestweb) -- The tentative deal for Georgia-Pacific Corp. (G-P) to sell its Leaf River market pulp mill to Enron Corp. has collapsed, according to a knowledgeable industry source.  Neither company is speaking publicly about the latest development, citing policies against commenting on rumors. However, the pending arrangement, subject to final approval, was no secret to some pulp and paper industry players (see Forestweb, Oct.19).  Top Enron officials were said to have nixed the agreement this week. Last week in its third quarter earnings statement, the company reported a net loss of $618 million, including a write-off of $1.01 billion.  The source said the deal might still be salvageable at a later date.  The Leaf River mill, in New Augusta, Miss., has the capacity to produce 600,000 tonnes per year. Since February it has produced exclusively softwood kraft pulp.


Here is the project cost model.
Ben