Great!  See everyone same time (7:00 p.m.) at the Red Cat this Thursday.
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


What do you think about these?

> AUBURN AT LSU (7:45 pm ET) AUBURN +7.0
> COLORADO VS TEXAS (BIG 12 CHAMPIONSHIP) (8:00 pm ET) COLORADO +8.5
> TENNESSEE AT FLORIDA (4:30 pm ET)  TENNESSEE +18.0
>
>
>
>
>
>
>


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Date: Sat, 12 Jan 2002 01:40:34 -0500 (EST)
From: vkaminski@aol.com
To: vkaminski@aol.com
Subject: Caught Off Balance
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A colleague has sent you this article from Fortune (http://www.fortune.com ).
Reply to your colleague at vkaminski@aol.com
vkaminski@aol.com
=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
AGAINST THE GRAIN
Caught Off Balance
Bond sleuths were ahead on Enron. Now they have their sights  on three others.
Herb Greenberg
Mon Jan 21 00:00:00 EST 2002
If you learn nothing else from the Enron mess, take this lesson to  heart: A company's inability to handle its debt can be its downfall--no  matter how much Wall Street likes its stock. Indeed, while earnings may  be a window to a company's psyche, the balance sheet is what gives you a  truer picture of its well-being. Bond analysts make a beeline to this  crucial piece of financial disclosure, paying special attention to a  company's ability to service its debt. And when the ratio of cash to  debt plunges--watch out!
The best balance-sheet snoops are often way ahead of the pack in finding  signs of trouble. Sometimes, however, the big credit-rating firms,  Standard & Poor's and Moody's, which get paid by the companies they  rate, are slow off the mark--slower, as a rule, than independent  bond-rating services like Egan-Jones of Wynnewood, Pa., or research  firms like New York-based Gimme Credit. "We don't have the constraint of  trying to keep a company happy," says Egan-Jones President Sean Egan,  whose downgrade of Enron to junk beat the big guys by about a month. (To  be fair, Moody's is revising how it assesses companies, taking into  account additional information that could lead to a default. Standard &  Poor's, for its part, argues that its existing methods are adequate.)
Given the scope--and the surprise--of the Enron failure, it's worth  asking: Are there other companies out there that these aggressive  independent credit-rating agencies are flagging now? You can bet on it.  We're not necessarily talking future Enrons, but simply companies whose  financial situation is more dire than the market thinks. Certainly one  where the alarm bells are ringing loudly (and which--don't remind  me--got a positive nod from this column a year ago) is Ford Motor. It's  no secret that Ford is having serious problems, but you wouldn't know it  from its credit rating, which is still investment grade. Egan-Jones,  however, labels it BBB-, a few notches lower than the other rating  agencies do and just one step above junk. That's where Egan-Jones thinks  Ford will arrive within six months, as the sales boost from the much  heralded 0% financing starts to wane and bad auto loans pile up. Junk  status raises the cost of borrowing and would be particularly damaging  for Ford, whose ability to cover its debt has been deteriorating  rapidly. Egan and other bond analysts measure this by calculating a  company's interest coverage ratio--pretax income plus interest expense  divided by interest expense.
The ratio, which varies widely by industry, is key to credit analysis.  Egan calculates that Ford's interest coverage has tumbled from 2.2 in  September 2000 to just above 1 now. "That's akin to saying that nearly  everything you earn will have to be used to pay your interest expense,  which doesn't leave a lot of money to invest in the business," he says.  Ford responds that it's "disappointed" by the Egan-Jones rating; both  S?and Moody's insist they haven't been laggards and that their ratings  are appropriate.
Egan-Jones is even warier of computer maker Hewlett-Packard. Its credit  picture is as imperiled as its proposed Compaq merger, according to  Egan-Jones--which has already tossed the tech giant's debt on the junk  heap with a rating of BB+, several notches below that of the major  rating agencies. "It's appropriate to view Hewlett-Packard on a  stand-alone basis, which is not particularly attractive," Egan says.  "Today it is hard to name any business where it's the undisputed  leader--even its printer business is being attacked." Making matters  worse: From October 2000, Hewlett-Packard's interest coverage has sunk  steadily from 19 to just 6.6. (By contrast, IBM's ratio, according to  Egan-Jones, is 11.7.) Hewlett-Packard officials couldn't be reached for  comment.
Finally, there's retailer Gap (another company this column once argued  you should never bet against, because of its miracle-working marketing  genius of a CEO, Mickey Drexler). While Gimme Credit's Carol Levenson  says Gap's balance-sheet condition is not yet critical, it's "not nearly  as strong as it used to be." Egan-Jones points out that Gap's interest  coverage ratio has plunged from 27.3 down to 8.8 over the past four  quarters. As a result, the firm rates the retailer's debt one step above  junk and a couple of notches below that of both Standard & Poor's and  Moody's ratings. Gap officials say they have never "worked" with  Egan-Jones and point to the retailer's standing with the major rating  agencies instead. The problem is, as Enron proved, those agencies are  not always the first to sound the alarm.
 http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc_id=205973
Colleague at Fortunehttp://www.fortune.com


Sara:
This is Greek to me.  Can you help?
carol

----- Forwarded by Carol St Clair/HOU/ECT on 06/16/2000 05:18 PM -----

	Souad Mahmassani
	06/16/2000 04:17 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Susan Flynn/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
		 Subject: Re: IPE Brent language

Carol,
Please advise on the below matter.  I currently have 5 Dated IPE Brent deals
where a confirm has not gone out yet.
Thanks,

Susan Flynn@ECT
06/14/2000 05:17 PM
To: Carol St Clair/HOU/ECT@ECT
cc: Souad Mahmassani/Corp/Enron@ENRON

Subject: Re: IPE Brent language

Carol  -  can you respond to this for Souad?   Thank you!

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490
----- Forwarded by Susan Flynn/HOU/ECT on 06/14/2000 05:06 PM -----

	Souad Mahmassani
	06/14/2000 04:02 PM

		 To: Susan Bailey/HOU/ECT@ECT
		 cc: Susan Flynn/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
		 Subject: Re: IPE Brent language

Susan
We need your help on this language. Please see the below blue paragraphs,
particularly "Common Pricing" clause.
London wants us to add this in our Dated vs IPE brent spreads. This allows
the settlement of the deal to be based on only good business days for both
indices.
We got the permission from our (ENA) trader to use the languange in the below
ENA-ECTInternational deals, but we are not sure about all other Dated vs IPE
brent deals.  Our trader has agreed to this because he has no position, but
ECTInternational is going to want this clause in all similar spread deals.
Please advise

	Enron North America Corp.

	From:  Larry Joe Hunter @ ECT                           06/09/2000 09:30 AM

To: Sheetal Patel/HOU/ECT@ECT, Souad Mahmassani/Corp/Enron@ENRON
cc:

Subject: Re: language?

Souad/Sheetal,

Do not revise these deals.  Show this language to our Crude guys.  We have
had a problem recently with the below.  The "Common Pricing" clause below
would mean that when IPE is closed then the price Platt's publishes that day
would be void.  Our guys do not like that ideology.  Therefore, check with
them before doing this.  Also, we should get approval from legal before using
the below.

Joe

Sheetal Patel
06/09/2000 09:18 AM
To: Souad Mahmassani/Corp/Enron@ENRON
cc: Larry Joe Hunter/HOU/ECT@ECT
Subject: Re: language?

Hi Souad,

The following deal numbers need to be revised.  They need to have the blue
language below in the confirms.  Let me know if you have any questions.

NJ1204
NJ1271
NJ1285
NJ1296

Thanks,
Sheetal :)
---------------------- Forwarded by Sheetal Patel/HOU/ECT on 06/09/2000 09:15
AM ---------------------------
From: Christopher Shapland on 06/09/2000 08:54 AM GDT
To: Sheetal Patel/HOU/ECT@ECT
cc:
Subject: Re: language?

Sheetal

I'm sorry - here you are!

Floating Price:

The mean of the arithmetic average of the daily high and low quotations for
Crude Oil Assessments published in the table entitled &Crude Price
Assessments: International US$/BBL: Brent (DTD)8 in the issue of Platt,s
Crude Oil Marketwire that reports prices effective for such Business  Days
during the Determination Period minus the average of the daily settlement
prices for the prompt month of the IPE Brent Futures Contract for each
Commodity Business Day/Trading Day for the applicable Determination Period,
with the exception of the last Commodity Business Day/Trading Day of the
prompt month on which day the settlement price for the Second Nearby Month
will be used.

Common Pricing:

Pricing to be effective only on the days when both the IPE is open and Platts
publish their dated Brent assessment.

Cheers

Chris
:)

Sheetal Patel
08/06/2000 22:51
To: Christopher Shapland/LON/ECT@ECT
cc:

Subject: language?

Hi Chris,

I have not received any language from you.  Just wanted to make sure you
didnt forget.

Thanks,
Sheetal :)


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Did you go to any parties last night??  I was lame, I didn't go to a single one.  I heard
there were some decent ones.  How's life at Duke been?  I haven't talked to you much
since you've become a big ICE trader.   Talk to you soon.

KR


John:  Please call me when you have had a chance to review.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 06/27/2000 03:24 PM -----

	"Linda Busk" <Lbusk@hsresources.com>
	06/27/2000 11:33 AM

		 To: <Cstclai@enron.com>, <Sara.shackleton@enron.com>, <Susan.Flynn@enron.com>
		 cc: "Jim Duffy" <Jduffy@hsresources.com>, "Jim Kincaid"
<Jkincaid@hsresources.com>, "Marc Peter" <Mpeter@hsresources.com>, "Pam
Smith" <Pasmith@hsresources.com>, "Theo Gazulis" <Theo@hsresources.com>
		 Subject: Revised Assignments from Jim Piccone

Attached are revised forms of Assignments for both the HSES to Enron (J. Aron
trades) and HS Resources to HSES (Enron trades).  These are redlined versions.

The main changes to the HSES to Enron (J. Aron trades) assignment are
completion of the Effective Date (June 28), the date of the J. Aron/Enron
ISDA and the addition of counterpart and fax signature language.

The HS Resources to HSES assignment has been structurally revised to assign
all HS Resources/Enron trades to HSES except those shown on Appendix A.
Since the HS Resources/Enron trades continue to change every day until the
HSES/Enron ISDA is in place, this new structure of the assignment will be
much simpler and will pick up all HS Resources/Enron transactions through
Friday, June 30.  Hopefully, by then the HSES/Enron ISDA will be in place.

Please let me know as soon as you believe these documents are ready for
Enron's signature.  As soon as I have sign off by the other parties to the
documents, I will advise you.  We can then have everyone print finals, get
signatures and fax all counterparts to me.  I will act as a clearinghouse and
get counterparts back out to everyone.

James M. Piccone
303/296-3600 x414
Fax: 303/296-9709

 - JAron-Enron.doc
 - JAron-Enron.xls
 - HSR-HSESEnronv2.doc
 - HS-HSES-Enron Exceptions.pdf


We don't have to meet with them....
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/13/2000 02:55
PM ---------------------------
From: Suzanne Adams@ECT on 10/13/2000 02:49 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Bruce Silvers

Ok, you are on to meet with Bruce and Nick at 4:30-5pm, depending on traffic,
at their offices located at 399 Park Avenue.


I made the call.  I called Lisa to get her to fax me some paperwork to get my
car out of the wrecker lot.

	Edward Nemec <ednemec@earthlink.net>
	02/13/2001 08:44 AM

		 To: Gerald Nemec <gerald.nemec@enron.com>, Sharon Snyder
<ssnyder@shelton.org>
		 cc:
		 Subject: Long distance call........

We got our phone bill yesterday and there was a call to Great Britain on it.
It was made on Christmas eve at 12:47PM. I don't think we made it but am
just checking to see if any of you'll did. I think you'll all were still
asleep then. It was for 11 minutes for $11.00. Let me know. I need to yell
at the phone scompany.   See you'll later love MOM.


Wayne,

Attached are draft responses to your questioner. As I said yesterday, we
tried to limit our responses to Japan and Singapore. We address other
countries as the need arises. Please feel free to distribute the responses as
you see fit.

Best regards,

Xi Xi, Scott and Donald


Sandra,

No need to apologize.  If there is anything I can do career wise for you,
please don't hesitate to ask.  (Don't think of as one or two people as the
entire organization).

Next time I'll give you more notice on the next cocktail party...

Funny about Wes, I had already bought a Ferrari, Aston Martin, Lamborghini,
Porsche (turbo), and a Bentley.   He's such a follower.

Jeff

 -----Original Message-----
From:  Brawner, Sandra
Sent: Monday, April 16, 2001 4:17 PM
To: Jeffrey A Shankman/HOU/ECT@ENRON
Subject: Apology

Jeff,
I needed to apologize for my inability to handle myself in more of a
professional manner.  I thought I had moved on from being an emotional basket
case , but as we found out, I haven't..  Again , please accept my apology.  I
just need to move forward and stop reflecting on the past.  It is  so
difficult when you have given your entire career for an organization that
still doesn't see value in you.  But, that is my problem not yours.

In regards to your party , your right, I laughed at the invitation - (It is
so Shankman)  - Sorry I will not be able to attend. But thanks for asking.

And lastly, Wes Walton how?  2001 Candy Apple Ferrari !!!


Steve, correct, it is my understanding that the 7% is dipped into as part of
normal operations.  As you note, this issue along with other technical (e.g.
definition of "day ahead" as used in the order) and non-tech. issues are
being addressed in the draft comments.  Washington counsel has received our
comments and will be producing a draft shortly.  The draft comments will
require a quick turn-around review as comments are due Monday.  We have also
gotten our 2 cents worth into the EPSA draft.  Ray

Steve Walton@ECT
05/03/2001 07:29 PM
To: Ray Alvarez/NA/Enron@ENRON
cc: Alan Comnes/PDX/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, Donna Fulton/Corp/Enron@ENRON,
jalexander@gibbs-bruns.com, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Rebecca W Cantrell/HOU/ECT@ECT, Susan J
Mara/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT

Subject: Re: House and Senate Energy Hearings Today on California/Western
Electric Situation

Ray,
 Commissioner Hebert may have been more accurate than he supposed in his
"Freudian slip". The contingency reserve standard in WSCC is the greater of
the largest single contingency or of a quantity equal to the sum of 5% times
the load portion served by hydro plus 7% for the load portion served by
thermal units.  For 1000 MW served half by hydro and half by thermal, the
contingency reserve would be 60 MW (500 MW *.05 + 500 MW * .07) for a total
of 6%.  As a result, Hebert could be right that price mitigation would be in
place all the time, although I don't think that was what was intended.

 Even if you are meeting the WSCC standard pre-contingency in an all thermal
system (7% reserve standard), every time a unit trips off line the reserve at
that point drops below 7% until more generation comes on line.  Did the FERC
mean to include this contingency recovery period as "any time the reserve is
below 7%?"   These are among the problems we are proposing to address in our
comments to FERC on the order.

Steve

	Ray Alvarez@ENRON
	05/03/2001 05:54 PM

		 To: Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Rebecca W
Cantrell/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, James D
Steffes/NA/Enron@Enron, jalexander@gibbs-bruns.com, Phillip K
Allen/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT
		 cc:
		 Subject: House and Senate Energy Hearings Today on California/Western
Electric Situation

I was at the Senate hearing today on FERC's market Monitoring and Mitigation
order, and I would add only a few additional and interesting
regulatory-related details to John's fine summary:

The hearing was contentious- among the Senators themselves, among the FERC
Commissioners themselves, and the interchanges between them.

Gas prices were controversial.  Commissioner Massey kicked off the discussion
on this issue citing a transport basis differential into CA of $10, when it
was less than a dollar in other areas.  He then noted that the high gas cost
would adversely affect the power price under the auction, and that FERC must
act regarding the high transport differentials- "We will never get a handle
on electric prices unless we get a handle on gas prices".  That opened the
floodgates of discussion, culminating with the announcement by Commissioner
Breathitt of FERC's technical conference (notice of which issued today) on
the topic of current and projected interstate pipeline capacity, and adequacy
of infrastructure within CA.  She said that this would shed light on basis
differentials and gas prices.

Freudian slip?  Chairman Hebert was heard to say by various attendees that
price mitigation in the WSCC would apply at all times (in contrast to the
order, which proposes mitigation only during times when reserves reach/fall
below 7%).  Whether he mis-spoke, or not, remains to be seen.

Regarding the issue of how often mitigation would be invoked in CA (i.e.,
Stages 1, 2 or 3):
 Hebert opined "Most of the time".
 Breathitt said "Likely 80-85% of the time".
 Massey was unconvinced.

Several Senators railed at the Commission for "not doing its job" and
threatened that if the Commission did not act, Congress would act.

If you have any questions or need additional detail, please feel free to
call.  Ray

---------------------- Forwarded by Ray Alvarez/NA/Enron on 05/03/2001 06:09
PM ---------------------------

John Shelk
05/03/2001 05:49 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON
cc: Tom Briggs/NA/Enron@Enron, Ray Alvarez/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Chris Long/Corp/Enron@ENRON

Subject: House and Senate Energy Hearings Today on California/Western
Electric Situation

I attended both the House and Senate energy committee hearings today.  House
hearing was in the Barton Subcommittee (Energy & Air Quality).  Senate
hearing was on last week's FERC order on a "soft price cap" and related
issues.  The House witnesses were dominated by California officials: Cal
Energy Commission, Cal Air Resources Board, Chairman of Gov Davis Generation
Implementation Task Force.  In addition, there were witnesses from the
Western Area Power Admin and Bonneville PA.  The Senate witnesses were the
three FERC commissioners.

HIghlights

Chairman Barton said it is still his intention to try to mark up the Barton
bill, H.R. 1647 next week (many on and off the Subcommittee doubt this will
happen; we are gathering political intelligence on those prospects and will
report back with more information and conclusions once that is done);
Chairman Barton also said he may go to California next week.
There was considerable emphasis at both hearings about the alleged role that
higher natural gas prices into California play in the electric power rate
increases; several witnesses focused on difference in alleged transportation
costs for similar differences between California and non-CA states; FERC at
the Senate hearing said that today the commission announced a staff technical
conference for later this month on all aspects of the natural gas market as
it relates to California; a House member from Southern Illinois coal country
attacked California for using only natural gas in its new power plants.
The House witnesses, primarily BPA but also the California witnesses,
attacked the negawatt provision in sec. 102 of the Barton bill; the criticism
was that BPA would be forced to purchase power on the open market at a high
price since it is short, sell it to the DSIs under contract; let the DSI sell
it at market rates and capture the difference; BPA witness said that thus
sec. 102 would make it difficult if not impossible to implement their
strategy to avoid as much as a 200 percent rate increase on 10/1/01; BPA
testimony will make it tough for Members of Congress from that service region
to support sec. 102.
Both hearings also touched on how difficult it would be to actually devise a
price cap; at the House hearing, none of those advocating a price cap among
the witnesses could answer excellent questions about exactly how this could
be done; the witnesses just said "cost plus a reasonable profit" and said
leave the details to FERC; at afternoon Senate hearing, Chairman Hebert had
the staff bring in 15 boxes from one FP&L case to show how a price cap would
take too long to bring any relief to California this summer; he said last
week's soft price cap is much better.
Also on the price cap, Rep. Walden (R-OR)  got the Cal Energy Comm chair to
admit that if the price caps had been in place earlier, California would NOT
have taken the conservation and new generation steps that it has taken
recently.
The interplay among the FERC commissioners was much more contentious than it
was a House hearing on Tuesday, although it could have been worse; when
Senate Chairman Murkowski (R-AK) said that "help is on the way" in the form
of the nominees for the two vacancies, Sen. Dorgan (D-ND) made a comment that
suggested that the confirmation process will not be smooth; the same concern
came from the interplay among the Senators, which was also somewhat
contentious at times.

Please advise if you have any questions or would like further details.


in with wrong broker - changed 547680 and 547681 to APB

Kerri Thompson@ENRON
03/12/2001 02:09 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

missing deals for mark

sell mirant
april
25 mw
207.50
pv

sell mirant
april
25 mw
205.00
pv


-----Original Message-----
From: 	"Nick Neblett" <nick@edgarfilings.com>@ENRON
Sent:	Friday, October 19, 2001 10:54 AM
To:	Brad Deutser \(E-mail\); Britt Schmidt \(E-mail\); June Gayle Turner \(411\) \(E-mail\); Kelly Smith \(E-mail\); R. Cromwell Coulson \(E-mail\); Richard Judge \(E-mail\); Russell Smith \(E-mail\); Shay Johanson \(E-mail\); Brady C. Knight \(E-mail\); F. N. Ikard III \(E-mail\); Gary Hillin \(E-mail\); Jason Gordon \(E-mail\); Kathy Neblett \(E-mail\); Lara Leibman \(E-mail\); Todd Litton \(E-mail\); Trent Tate \(E-mail\)
Subject:	Song of the day...This one is pretty funny!

http://www.madblast.com/oska/humor_bin.swf

Best regards,

Nick Neblett
President

EDGARfilings, Ltd.
11 Greenway Plaza, Suite 1500
Houston, TX  77046
voice: 713.621.1897
fax: 713.626.8857
Nick@EDGARfilings.com

http://www.EDGARfilings.com


Please respond to Here is your next lesson. . . have fun!!

 - Experiencing God Week 5.doc


Tomorrow at the earliest.  I talked to him about it Tuesday.

 -----Original Message-----
From: 	Booth, Chris
Sent:	Monday, November 26, 2001 9:35 AM
To:	Mann, Kay
Subject:	RE: Northwestern

Kay,

When is the payment due and what is the triggers the payment?  Has Dave Duran been advised of the deal?

Chris

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, November 26, 2001 8:54 AM
To:	Booth, Chris; Vos, Theresa; Jacoby, Ben
Subject:	Northwestern

By my calculation this payment is not due today.  I have advised Northwestern's attorney of this fact.

Dave Duran wants to be advised prior to this money being sent.

Thanks,

Kay


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we will need to do it after work sometime.  Let me know

Hunter


Here is the latest look at Commodity Logic.  Please call if you have any
questions.  Thanks Amy 3-7805


Mary,
Wish you good luck in your new Job.
I am sure that NWRTO could learn from you experience.
Tony

-----Original Message-----
From: Mary.Hain@enron.com [mailto:Mary.Hain@enron.com]
Sent: Friday, March 23, 2001 10:36 AM
To: David_Aamodt@pgn.com; dapnucc@teleport.com; dick@pnucc.org;
seabron.adamson@frontier-economics.com; Frank_Afranji@pgn.com;
raa@vnf.com; Joseph.Alamo@enron.com; ajaldrich@snopud.com;
Jeff.Alexander@enron.com; Al.Alexanderson@enron.com;
Keonee.Almaida@enron.com; hollis.alpert@ferc.fed.us;
Brenda.Anderson@enron.com; angles@howry.com; Alan.B.Aronowitz@enron.com;
gdb@vnf.com; npbaker@bpa.gov; ellen@tca-us.com; paulb@citizenspower.com;
paulb@citizenspower.com; garybarbour@email.msn.com;
jbartus@cammckenna.com; glynda.becker@mail.house.gov;
Samuel.Behrends@enron.com; bbennett@bpa.gov; sberman@hewm.com;
ramsen.betfarhad@mail.house.gov; KBILAS@SKADDEN.COM; sbooye@SKADDEN.COM;
raymond.r.boyce@state.or.us; tbradley@bracepatt.com;
scott.brattebo@pacificorp.com; sbrose@steptoe.com;
sbuchheit@bracepatt.com; alanb@wutc.wa.gov; Jim.Byrne@enron.com;
vergil.cabasco@mail.house.gov; johncameron@dwt.com;
Doug.Carmichael@enron.com; Ed.Cassidy@enron.com; ajchambe@llgm.com;
Melissa.Chiechi@enron.com; elchristensen@snopud.com;
kevin.clark@ci.seattle.wa.us; rcloward@avistacorp.com;
david_cohen@rniinc.com; Bill.Comish@enron.com;
Victor.Contract@enron.com; powerlac@aol.com;
Frederick.Coolbroth@enron.com; michaelcorrigan@bchydro.bc.ca;
kcorum@nwppc.org; KCurry@bracepatt.com; wcurry@enron.com;
gdahlke@paine-hamblen.com; kadaly@mcimail.com; mday@gmssr.com;
dearing@chelanpud.org; tdeboer@paine-hamblen.com; Tom_Delaney@enron.com;
sdleonard@earthlink.net; dldorrell@stoel.com; Mary.Doyle@enron.com;
Jay.Dudley@enron.com; mce2280@idahopower.com;
michaelearly@earthlink.net; Katherine.Edwards@enron.com;
rle@givenspursley.com; imaxtrans@aol.com; Chris.Elliott@enron.com;
sandra.elliott@ferc.fed.us; kerwin@ect.enron.com; dezickson@mwe.com;
Jim.Fallon@enron.com; fallonr@howrey.com; Elias.Farrah@enron.com;
Michele_Farrell@pgn.com; dfaulk@puget.com; gfergus@brobeck.com;
Willard.Fields@enron.com; sfisher@avistaenergy.com; pfox@bracepatt.com;
Pat.Franklin@enron.com; John.Frazzell@enron.com; ericf@prestongates.com;
don.furman@pacificorp.com; segfurst@bpa.gov; Jackie.Gallagher@enron.com;
craiggannett@dwt.com; Alvaro.Garcia@enron.com; sbishop@gibbs-bruns.com;
wgibson@nwppc.org; ggilbert@ci.tacoma.wa.us; Pat.Gilman@enron.com;
Alex.Goldberg@enron.com; jlgreene@energyadvocates.com;
Chris_Groener@mail.house.gov; Mary.Groggin@enron.com;
Mark.E.Haedicke@enron.com; Stephen.Hall@enron.com;
steve.c.hall@enron.com; Leo.Hamblin@enron.com; whannaford@nwppc.org;
jim.harding@ci.seattle.wa.us; rhardy@hardyenergy.com; kharri@puget.com;
Steve_Hawke@pgn.com; dhawkins@caiso.com; marc.hellman@state.or.us;
Scott.Helyer@enron.com; mhenry@bracepatt.com; dwmp@teleport.com;
rhornby@tca-us.com; mhornst@aol.com; dhuard@jmbm.com;
Marlene.Huntsinger@pgn.com; cfi1@tca-us.com;
Richard.Ingersoll@enron.com; pljacklin@stoel.com; montrey@aol.com;
danj@cfmdc.com; kgjohnson@bpa.gov; ljohnson@pwrteam.com;
Karen.E.Jones@enron.com; mkanner@kannerandassoc.com;
karid@perkinscoie.com; pkaufma@ect.enron.com; Paul.Kaufman@enron.com;
Jeffrey.Keeler@enron.com; Devon Kehoe; James.Keller@enron.com;
Joe.Kelliher@mail.house.gov; kkennedy@bdbc.com; Rick.Kessler@enron.com;
rdking@bpa.gov; Harry.Kingerski@enron.com; Harry.Kingerski@enron.com;
rsk@schwabe.com; gwilliams8@austin.rr.com; John.Klauberg@enron.com;
Holli.Krebs@enron.com; ekrogh@wiredweb.com; blafferty@avistacorp.com;
wdlamb@bpa.gov; John.Lamb@enron.com; Therese.Lamb@enron.com;
srlarson@bpa.gov; Cindy_Tatham@co.washington.or.us;
zora.lazic@bchydro.com; kaleathley@bpa.gov; pamela_lesh@pgn.com;
Debi.LeVine@enron.com; lcg@europa.com; doug.little@powerex.com;
Robert.Loeffler@enron.com; Chris.Long@enron.com; sjlong@bpa.gov;
rlopezv@conet.com.mx; david_lucio@iep.illinova.com;
king.lum@bchydro.bc.ca; kevin.lynch@pacificorp.com;
Mark.Maehr@enron.com; Randal.T.Maffett@enron.com;
John.Malowney@enron.com; Sueyen.Mao@enron.com; Susan.J.Mara@enron.com;
Susan.J.Mara@enron.com; Lee.Martin@enron.com; maurw@perkinscoie.com;
Wayne.Mays@enron.com; Michael.McCall@enron.com;
Sandra.McCubbin@enron.com; Travis.McCullough@enron.com;
Michael.McDonald@enron.com; brugen@erols.com; mckinley@wpuda.org;
mcm@vnf.com; mcnichol@wapa.com; shauna@pnucc.org;
Maureen.McVicker@enron.com; pmeringolo@brobeck.com; demetcalf@bpa.gov;
cemeyer@bpa.gov; jmilegich@sppc.com; fred_miller@pgn.com;
Jeffrey.Miller@enron.com; jerry.miller@pacificorp.com;
Laura.Miller@enron.com; scott.miller@ferc.fed.us; Bill.Miner@enron.com;
phil_moeller@gorton.senate.gov; pmohler@hewm.com; emoler@velaw.com;
nkmorgado@bpa.gov; Mike@tonkon.com; krmoxness@bpa.gov;
mmps@millcreeklaw.com; pmurphy@mbllp.com; terrym@millcreeklaw.com;
bmurtha@acy.sunint.com; Rich.Nassief@enron.com; tod@mgninc.com;
Douglas_Nichols@pgn.com; Patty.Nichols@enron.com;
Christi.Nicolay@enron.com; tmnoguchi@bpa.gov; darcy@tonkon.com;
Sarah.Novasel@enron.com; Sarah.Novosel@enron.com;
Tom.O'Donnell@enron.com; PObenchain@idahopower.com; Pegy.Olds@enron.com;
Carol.Opatrny@enron.com; tpaine@avistacorp.com; Dave.Parquet@enron.com;
bpascoe@mtpower.com; afpaschke@bpa.gov; ccperigo@bpa.gov;
wlpernas@stoel.com; lpeters@pacifier.com; jill@pnucc.org;
Mona.L.Petrochko@enron.com; npickover@bracepatt.com;
Phillip.Platter@enron.com; Alfred.Pollard@enron.com;
Walt.Pollock@enron.com; gporter@sppc.com; Kevin.M.Presto@enron.com;
jquint@puget.com; arlene.ragozin@ci.seattle.wa.us; maraschio@bpa.gov;
Dale.Rasmussen@enron.com; Scott.Rasmussen@enron.com;
Bobby.Reeves@enron.com; preiten@pngc.com; reyna2r@kochind.com;
shellyr@pacifier.com; Jeff.Richter@enron.com; raroach@bpa.gov;
atrodrigues@bpa.gov; rarogers@bpa.gov; peterroi@erols.com;
Rothfelder@rlo-law.com; Richard.Sanders@enron.com; jsaven@pacifier.com;
Michael.Schilmoeller@enron.com; jschlect@avistacorp.com;
Sabine.Schnittger@frontier-economics.com; Diana.Scholtes@enron.com;
Roger.Seifert@enron.com; Cara.Semperger@enron.com;
asettanni@bracepatt.com; Richard.Shapiro@enron.com; vsharp@enron.com;
msmith1@enron.com; Joshua.Sheinkman@enron.com; jshurts@nwppc.org;
Sid@enron.com; msizer@ci.tacoma.wa.us; slavens.paula@deps.ppl.com;
small@wrightlaw.com; small@wrightlaw.com; douglas.smith@ferc.fed.us;
Mike.Smith@enron.com; Roger.Smith@enron.com; Larry.Soderquist@enron.com;
Harvey.Spigal@enron.com; mstauffer@mtpower.com;
James.D.Steffes@enron.com; James.D.Steffes@enron.com;
mestewardpsedc@worldnet.att.net; JKStier@bpa.gov;
rbstrong@paine-hamblen.com; DASwanstrom@Verner.com;
Mike.Swerzbin@enron.com; tabors@tca-us.com; Ron.Tapscott@enron.com;
James.K.Tarpey@enron.com; Jake.Thomas@enron.com;
ryan_thomas@burns.senate.gov; jrt2058@idahopower.com
Subject: I'm Leaving Enron

        maryann@pnucc.org, mtierney@sempra.com, robin_tompkins@pgn.com,
        Ann.Tumlinson@enron.com, AW.Turner@enron.com,
Sheila.Tweed@enron.com,
        Lisa.Urick@enron.com, rvermeers@avistacorp.com,
        Frank.W.Vickers@enron.com, John.Walley@enron.com,
        kristiwallis@sprintmail.com, walshl@howrey.com, swalton@enron.com,
        Steve.Walton@enron.com, kaward@bpa.gov, Kim.Ward@enron.com,
        Carol.Wardell@enron.com, dwatkiss@bracepatt.com, sawatson@bpa.gov,
        judy.welch@NWPP.ORG, 211-6155@mcimail.com, Kwenzel@zzz.com,
        cwestadt@sppc.com, Brian.Whalen@enron.com, Bill.Williams@enron.com,
        klwmtp@worldnet.att.net, lyn_williams@pgn.com, Greg.Wolfe@enron.com,
        Vickie.Wolk-Laniewski@enron.com, Ed.Wood@enron.com, mwood@stoel.com,
        Steve.Wright@enron.com, Teresa.L.Wright@enron.com, WSCC@enron.com,
        Charles.Yeung@enron.com, Christian.Yoder@enron.com,
        Steven.J.Kean@enron.com, Steve.Kean@enron.com,
        Travel.in.the.Park@enron.com, D.Brett.Hunsucker@enron.com,
        Carla.Hoffman@enron.com, Bernadette.Hawkins@enron.com,
        Joe.Hartsoe@enron.com, Donna.Fulton@enron.com,
Roger.Fragua@enron.com,
        James.B.Fallon@enron.com, Michael.Etringer@enron.com,
        Terry.W.Donovan@enron.com, Stacy.Dickson@enron.com,
        Ginger.Dernehl@enron.com, Rhonda.L.Denton@enron.com,
        Jeff.Dasovich@enron.com, Sean.Crandall@enron.com,
Tom.Briggs@enron.com,
        t.briggs@enron.com, Stacey.Bolton@enron.com, dbenevid@enron.com,
        dbenevid@enron.com, Tim.Belden@enron.com, Robert.Badeer@enron.com,
        Phillip.K.Allen@enron.com, Alan.Comnes@enron.com,
Lysa.Akin@enron.com,
        Portland.West.Desk@enron.com, assad@elektro.com.br,
        Alan.Comnes@enron.com, Alberto.Levy@enron.com,
Aleck.Dadson@enron.com,
        Allison.Navin@enron.com, Amy.Fabian@enron.com,
        Barbara.A.Hueter@enron.com, Bernadette.Hawkins@enron.com,
        Bill.Moore@enron.com, cristinah@elektro.com.br,
        Carlos.Gustavo.Azevedo@enron.com, Carmen.Perez@enron.com,
        Carolyn.Cooney@enron.com, Charles.Yeung@enron.com,
        Chauncey.Hood@enron.com, Chris.Long@enron.com,
        Christi.L.Nicolay@enron.com, Cynthia.Sandherr@enron.com,
        Damon.Harvey@enron.com, Dan.Staines@enron.com,
        Daniel.Allegretti@enron.com, Dave.Mangskau@enron.com,
        Donald.Lassere@enron.com, Donna.Fulton@enron.com,
        Eidy.Catala@enron.com, Elizabeth.Linnell@enron.com,
        Frank.Rishe@enron.com, Geriann.Warner@enron.com,
        Ginger.Dernehl@enron.com, Gisele.S.Braz@enron.com,
        Gloria.Ogenyi@enron.com, Guillermo.Canovas@enron.com,
        Harry.Kingerski@enron.com, Howard.Fromer@enron.com,
        James.D.Steffes@enron.com, Janine.Migden@enron.com,
        Javier.Pantoja@enron.com, Jean.R.Dressler@enron.com,
        Jean.Ryall@enron.com, Jeff.Brown@enron.com, Jeff.Dasovich@enron.com,
        Jeffrey.Keeler@enron.com, Joao.Paixao@enron.com,
Joe.Allen@enron.com,
        Joe.Connor@enron.com, Joe.Hartsoe@enron.com, Joe.Hillings@enron.com,
        Jose.Bestard@enron.com, Joseph.Alamo@enron.com,
        Kathleen.Sullivan@enron.com, Kerry.Stroup@enron.com,
        Kikumi.Kishigami@enron.com, Kirsten.Bellas@enron.com,
        Lara.Leibman@enron.com, Laurie.Knight@enron.com,
        Leslie.Lawner@enron.com, Linda.J.Noske@enron.com,
        Linda.Robertson@enron.com, Lindsay.Meade@enron.com,
        Lisa.Yoho@enron.com, Lora.Sullivan@enron.com, Luiz.Maurer@enron.com,
        Lysa.Akin@enron.com, Marchris.Robinson@enron.com,
        Marcia.A.Linton@enron.com, Marcie.Milner@enron.com,
        Mary.Hain@enron.com, Maureen.McVicker@enron.com,
        Melinda.Pharms@enron.com, Michelle.Belzak@enron.com,
        Mona.L.Petrochko@enron.com, Nancy.Hetrick@enron.com,
        Patrick.Keene@enron.com, Ray.Alvarez@enron.com,
        Rebecca.W.Cantrell@enron.com, Ricardo.Charvel@enron.com,
        Richard.Ingersoll@enron.com, Richard.Shapiro@enron.com,
        Robert.Frank@enron.com, Robert.Hemstock@enron.com,
        Robert.Neustaedter@enron.com, Robin.Kittel@enron.com,
        Ron.McNamara@enron.com, rboston@enron.com, Rubena.Buerger@enron.com,
        Sandra.McCubbin@enron.com, Sarah.Novosel@enron.com,
        Scott.Bolton@enron.com, Sergio.Assad@enron.com,
Stella.Chan@enron.com,
        Stephen.D.Burns@enron.com, Steve.Montovano@enron.com,
        Steve.Walton@enron.com, Steven.J.Kean@enron.com, Sue.Nord@enron.com,
        Susan.J.Mara@enron.com, Susan.M.Landwehr@enron.com,
        Terri.Miller@enron.com, Thane.Twiggs@enron.com,
Tom.Briggs@enron.com,
        Tom.Chapman@enron.com, Tom.Delaney@enron.com, Tom.Hoatson@enron.com,
        Tracy.Cooper@enron.com, Valeria.Lima@enron.com,
Vinio.Floris@enron.com,
        Xi.Xi@enron.com, Steven.J.Kean@enron.com, Jeffrey.Keeler@enron.com,
        Christi.L.Nicolay@enron.com, Sarah.Novosel@enron.com,
        Robert.Frank@enron.com, Lara.Leibman@enron.com,
        Gloria.Ogenyi@enron.com, Richard.Shapiro@enron.com,
        Leslie.Lawner@enron.com, Paul.Kaufman@enron.com,
        Aleck.Dadson@enron.com, Daniel.Allegretti@enron.com,
        Howard.Fromer@enron.com, Joe.Hartsoe@enron.com, rboston@enron.com,
        Janine.Migden@enron.com, Christie.Patrick@enron.com,
        Jane.Wilson@enron.com, Rhonda.L.Denton@enron.com,
        kmagruder@newpower.com, scovino@newpower.com,
Rebecca.Carter@enron.com,
        Shelley.Corman@enron.com, Janet.Butler@enron.com,
        Kevin.M.Presto@enron.com, Brad.Richter@enron.com,
Greg.Piper@enron.com,
        Kevin.McGowan@enron.com, Kim.Ward@enron.com, Leslie.Reeves@enron.com
Date: Fri, 23 Mar 2001 10:24:18 -0800
Message-ID: <OFCFA12BE4.1A65CFD4-ON88256A0F.00666A9C@enron.com>
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14, 2000) at
 03/23/2001 12:29:04 PM
MIME-Version: 1.0
Content-type: text/plain; charset=us-ascii

I am going to be the Senior Regulatory Counsel at ISO New England starting
on April 9, 2001.   My last day in the Portland area will be March 31,
2001.  I enjoyed working with you and wish you the best of everything.  My
new address will be:

Mary Hain
Senior Regulatory Counsel
ISO New England Inc.
One Sullivan Road
Holyoke, MA  01040-2841
(413) 535-4000
mhain@ISO-NE.com


If it's no cost to Enron, and if he's good and willing to commute to SF, and
if it would be beneficial to the Company, we could certainly use the help and
put him to work on interesting things.

But do we we want to infect someone with the lunacy of California regulation
and then potentially infect the UK?  Seriously, we can make it work if folks
think that it makes sense.

Best,
Jeff


Please take a moment to answer the following seven questions on the EWS
Client Satisfaction Survey.  Your response will help us understand your level
of satisfaction with EWS HR services. In turn, we can better serve you
through improvements in our human resources actions.

This information is for internal use only and will remain confidential.

Thank you for taking the time to complete this survey.

Please click on the link below.

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
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2.  If you continue to have technical difficulties, please send an email
message to EWS human resources (MS Outlook)
3.  Please do not forward this link to anyone else, as it is unique for each
respondent.

http://etcsurvey.corp.enron.com/wi/p0630528/i.asp?r=674&s=UTFBLPHD&l=9


Amerex Deal Count:

April 16
Gas	16
Power	64

April 17
Gas	22
Power	47


Sara and Ted,
ECT Investments, Inc has begun an Executing Broker relationship with ECT
Investments, Inc. for research access and order flow.
This relationship is only for execution and all settlements will be via our
prime brokers, GS, MS and BS.

I will forward the paperwork to Samantha.
Sheila


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/10/2001
02:12 PM ---------------------------

Wil Uecker <uecker@rice.edu> on 04/10/2001 09:46:32 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: ALP presentation

Vince,

Thank you for the invitation. I will attend the presentation, but have
another commitment for dinner.

Please indicate the specific room for the presentation when it is known.

Thanks,

Wil

At 08:13 AM 4/10/01 -0500, you wrote:
>On behalf of  Enron Corp. I would like to invite you to an ALP Project
>presentation by a group of students
>of Jesse H. Jones Graduate School of Management, Rice University.
>
>The students will present the results of a research project regarding
>electronic trading
>platforms in the energy industry.
>
>The presentation will be held on May 7, at 4:00 p.m. at Enron, 1400 Smith.
>
>We would also like to invite you to dinner, following the presentation.
>
>
>Vince Kaminski
>
>Vincent Kaminski
>Managing Director - Research
>Enron Corp.
>1400 Smith Street
>Room EB1962
>Houston, TX 77002-7361
>
>Phone:    (713) 853 3848
>      (713) 410 5396 (cell)
>Fax  :      (713) 646 2503
>E-mail: vkamins@enron.com


Tana:

My thanks to You and Mark for the quick response!

Kim Detiveaux

 -----Original Message-----
From: 	Jones, Tana
Sent:	Monday, October 22, 2001 3:48 PM
To:	'sharon.granger@experian.com'
Cc:	Detiveaux, Kim; Greenberg, Mark
Subject:	NDA - Experian Inc.

At the request of Kim Detiveaux, I am attaching our proposed form of Non-Disclosure Agreement.  If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490.  I will then have it executed by Enron.  If you have any comments or questions please call Mark Greenberg, Senior Counsel, at (713) 345-8897 or me at (713) 853-3399.  We look forward to hearing from you.

 << File: Experian-Enron Credit Inc..doc >>


---------------------- Forwarded by Paul Thomas/EU/Enron on 19/11/2001 08:04 ---------------------------
From:	Steve Pan/ENRON@enronXgate on 16/11/2001 10:32 CST
To:	Paul Thomas/EU/Enron@Enron
cc:

Subject:	PJMOFFPEAK_Liquidation.xls


TODAY'S HEADLINES
The New York Times on the Web
Monday, November 19, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

/-------------------Also From NYTimes.com------------------\

Holiday Shopping

Take advantage of special offers and discounts -- on gifts,
travel and luxury items from NYTimes.com's premium
advertisers -- with the Holiday Shopping E-Mail.

http://www.nytimes.com/services/email/email.html#holiday
\---------------------------------------------------------/

QUOTE OF THE DAY
=========================
"I think the most important thing is that he is not  able to
function any longer,  and we're agnostic as to how   that
happens. I rather doubt   just given the circumstances here
 I rather  doubt we're talking about a long, drawn-out
trial."
-CONDOLEEZZA RICE, on whether United States troops expect to kill Osama bin
Laden or capture him for trial.

http://www.nytimes.com/2001/11/19/international/asia/19MILI.html?todaysheadlines

NATIONAL
=========================
Laid Low by Last Recession, California Is Ready for Next

Experts are expressing guarded optimism over California's
economic future, saying the state may come through the
tough times in better shape than other regions.
http://www.nytimes.com/2001/11/19/national/19CALI.html?todaysheadlines

-----

Challenge Revives SAT Test Debate

The challenge being mounted against the SAT exam by the
University of California has brought attention to a
previously arcane debate.
http://www.nytimes.com/2001/11/19/education/19EXAM.html?todaysheadlines

-----

Ford Motor Workers Get on the Job Training in Religious
Tolerance

Several hundred Ford workers of many faiths and jobs turned
out on Thursday for "An Islamic perspective on the events
of Sept. 11".
http://www.nytimes.com/2001/11/19/business/19FORD.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
=========================
More U.S. Troops in bin Laden Hunt; Hide-Outs Bombed

With the rapid collapse of the Taliban, the United States
has intensified its pursuit of Osama bin Laden and his
network.
http://www.nytimes.com/2001/11/19/international/asia/19MILI.html?todaysheadlines

-----

Afghan Victors Agree to Talks on Interim Rule

Bowing to American pressure, Northern Alliance officials
agreed Sunday to attend a meeting of Afghan opposition
groups somewhere outside the country.
http://www.nytimes.com/2001/11/19/international/asia/19DIPL.html?todaysheadlines

-----

Foes Claim Taliban Are Killing Soldiers Who Seek to Defect

Foreign soldiers fighting for the Taliban have begun killing
their Afghan Taliban comrades in a desperate effort to hang
on to the encircled city of Kunduz.
http://www.nytimes.com/2001/11/19/international/asia/19NORT.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Phillips and Conoco to Form U.S. Gasoline Giant

The Phillips Petroleum Company and Conoco agreed to merge,
creating an oil company with a market value of $35 billion.
http://www.nytimes.com/2001/11/19/business/19ENER.html?todaysheadlines

-----

Companies Compete to Provide Saudi Internet Veil

Nearly a dozen software companies are competing for a
contract to help Saudi Arabia block access to Web sites the
Saudi government deems inappropriate.
http://www.nytimes.com/2001/11/19/technology/19SAUD.html?todaysheadlines

-----

Wild Welcome Greets Rivera at Fox News

Geraldo Rivera's hiring as a war correspondent for Fox News
has ruffled feathers inside   and outside the network.
http://www.nytimes.com/2001/11/19/business/media/19FOX.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Companies Compete to Provide Saudi Internet Veil

Nearly a dozen software companies are competing for a
contract to help Saudi Arabia block access to Web sites the
Saudi government deems inappropriate.
http://www.nytimes.com/2001/11/19/technology/19SAUD.html?todaysheadlines

-----

Executive Moves From Ticketmaster to Trade Shows

Fredric D. Rosen turned Ticketmaster into a
multibillion-dollar behemoth, but doing the same with trade
show operator Key3Media is turning out to be a tough second
act.
http://www.nytimes.com/2001/11/19/technology/ebusiness/19ROSE.html?todaysheadlines

-----

William Daley Will Assume Post at SBC

William M. Daley, the campaign chairman of Al Gore's
unsuccessful presidential bid, will be the next president
of SBC Communications.
http://www.nytimes.com/2001/11/19/business/19BELL.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Sept. 11 Attacks Refocused the Spotlight

The terrorist attacks have considerably altered the profiles
 and power  of many of the nation's leading political
figures.
http://www.nytimes.com/2001/11/19/politics/19MEMO.html?todaysheadlines

-----

Torricelli Backed Donor's Bid for a Korean Project, a Letter
Shows

Senator Robert G. Torricelli recommended a political donor
for a contract on a sensitive nuclear-reactor project in
North Korea.
http://www.nytimes.com/2001/11/19/politics/19TORC.html?todaysheadlines

-----

Top Democrats Politic Through Rural Mexico

Thousands of miles away from their own constituents, the two
top U.S. Democrats took a ride Sunday through a rural
stretch of central Mexico.
http://www.nytimes.com/2001/11/19/international/americas/19MEXI.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Jets Continue Mastery of the Dolphins

The Jets trounced the Dolphins for the eighth   straight
time to vault into first place in the A.F.C. East.
http://www.nytimes.com/2001/11/19/sports/football/19JETS.html?todaysheadlines

-----

Hoping for an Appealing Match

This week's rankings suggest the potential for an appealing
championship game in the Rose Bowl: Miami against Nebraska.
http://www.nytimes.com/2001/11/19/sports/ncaafootball/19COLL.html?todaysheadlines

-----

Strahan Runs Down Success

Giants defensive end Michael Strahan is sacking quarterbacks
at a pace more furious than any defensive player in N.F.L.
history.
http://www.nytimes.com/2001/11/19/sports/football/19GIAN.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
'Potter' Movie Sets Box Office Record

"Harry Potter and the Sorcerer's Stone" sets the record for
the biggest movie opening of all time, earning an estimated
$93.5 million in its first three days.
http://www.nytimes.com/2001/11/19/movies/19BOX.html?todaysheadlines

-----

Iconoclastic Physicist for All Occasions

Peter Parnell's "QED" is such a textbook example of
biographical theater that it's hard to watch  it without
seeing the diagram beneath.
http://www.nytimes.com/2001/11/19/arts/theater/19QED.html?todaysheadlines

-----

Hemingway's Blessing, Copland's Collaboration

A pastiche of the adventures of young Hemingway, with a
dramatic script written by A.E. Hotchner in 1957 and music
composed by Aaron Copland, will finally have its premiere.
http://www.nytimes.com/2001/11/19/books/19HOTC.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
United in Grief and Prayer, Sharing the Common Language of
Tears

Thousands attended a service in Rockaways, Queens, to honor
victims of the Flight 587 crash.
http://www.nytimes.com/2001/11/19/nyregion/19PRAY.html?todaysheadlines

-----

Torricelli Backed Donor's Bid for a Korean Project, a Letter
Shows

Senator Robert G. Torricelli recommended a political donor
for a contract on a sensitive nuclear-reactor project in
North Korea.
http://www.nytimes.com/2001/11/19/politics/19TORC.html?todaysheadlines

-----

With Water and Sweat, Fighting the Most Stubborn Fire

Experts are calling the World Trade Center site the longest
commercial building fire in United States history.
http://www.nytimes.com/2001/11/19/nyregion/19FIRE.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
The Vanishing Act
By BOB HERBERT
The end of welfare faces the cold reality of a  recession
that  threatens to leave millions of American families
jobless, and all but helpless as well.
http://www.nytimes.com/2001/11/19/opinion/19HERB.html?todaysheadlines

-----

Big Mo
By WILLIAM SAFIRE
The elder Bush once called political momentum "the big Mo."
Nothing gathers support like a sense of  inevitability. The
younger Bush has  it now.
http://www.nytimes.com/2001/11/19/opinion/19SAFI.html?todaysheadlines

-----

The Job Nobody Trained For
By ROBERT M. GATES
For all practical purposes, the   federal government started
homeland defense from scratch on Sept. 11.
http://www.nytimes.com/2001/11/19/opinion/19GATE.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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Phillip,
I spoke with someone in our technical team about the ability to provide the
EnronOnline price reports in a downloadable format.  What I think we can do
is send a csv file (comma separated values) to the O:\ drive everyday
containing all of the data that appears in the EnronOnline price reports.
Then, you could just go in and open that it in Excel or copy and paste it
from the csv file into Excel, which is easy.  Let me know if I can explain
this better.  As far as saving it on the O:\ drive is concerned, I am
currently thinking that we would just create a new folder that EOL can access
and you can access.  This way, if any other desk has a similar request to
yours, they can just get permission to access that folder.

We are going to finalize the details, and I will let you know how long it
will take to get this done.  The technical person who can do it is out of the
office until Thursday, so I am assuming we won't have a good estimate until
then.

I will keep you posted.
Thank you.
Julie

Phillip M Love
01/23/2001 02:00 PM
To: Julie Ferrara/HOU/ECT@ECT
cc: Dave Samuels/HOU/ECT@ECT
Subject: EOL Gas Prices

I am hoping you will be the right person to talk with.  Rahil Jafry referred
me to you.  I am the risk management lead for the Central Gas desk.
Currently our traders utilize an EOL weighted average gas price report on EOL
to set their curves for the next gas day, i.e. their curves set today for
tomorrow's gas flow.  I was first inquiring with EOL if they could possibly
provide this report in downloadable format(excel) and they sent me to Rahil,
who then sent me to you.  Is this possible?  Please feel free to contact me
for any additional information or if this is really confusing.

Please let me know if you are not the right person to contact and I will
start over with EOL.  Thanks for your assistance in this matter.
Phillip
3-7376


Andrew,  Attached is the form of LOI for your review.


Terri Bosien, HR Rep for Associate/ Analyst Program, said the
Analyst/Associates will be ranked based on their tenure in the same  manner
they were ranked last year.
Please see the information below
Thanks, hgm

---------------------- Forwarded by Norma Villarreal/HOU/ECT on 11/17/2000
05:50 PM ---------------------------

Teresa Bosien@ENRON
11/17/2000 05:50 PM
To: Norma Villarreal/HOU/ECT@ECT
cc:
Subject: A/A Levels

The analyst and associate ratings will be cross-calibrated by tenure as of
10/1/00 at the meeting as follows:
Associates:
Level 1: 0 to 6 months
Level 2: 7 to 12 months
Levels 3 & 4 will be reviewed together: 13 months+.
Analysts:
Level 1: 0 to 6 months
Level 2: 7 to 12 months
Level 3: 13 to 24 months
Level 4 and 5 will be reviewed together: 25 months+


This request has been pending your approval for  29 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000059240&Page=Approval to review and act upon this request.

Request ID          : 000000000059240
Request Create Date : 9/10/01 2:19:58 PM
Requested For       : ryan.williams@enron.com
Resource Name       : Market Data Kobra Power
Resource Type       : Applications


I got a new cell phone today and wanted to make sure that I passed out the
new number.  As of next week, my 832 number will no longer be working.

My new cell phone number is 713-202-9588


Bloomberg also asking questions for a story.

Vance Meyer
 -----Original Message-----
From: 	Schmidt, Ann M.
Sent:	Friday, November 16, 2001 4:08 PM
To:	Meyer, Vance
Subject:	=DJ Enron Set To Close/Revolver -2: Pipelines Support $1 Bln

=DJ Enron Set To Close/Revolver -2: Pipelines Support $1 Bln
2001-11-16 16:56 (New York)

   By Michael Barr
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Embattled energy services company Enron Corp. (ENE)
said Friday that it closed on one revolving credit agreement earlier this week
and expects to close on another one Monday for a total of $1 billion in new
credit.

  The $1 billion is crucial to Houston-based Enron's efforts to regain investor
confidence, which has been badly eroded. Concerns about Enron's finances
precipitated a 75% drop in its stock price over the past month and left its
bonds trading at levels typically associated with junk-rated debt.

  Chase Manhattan Bank (JPM) and Citibank, N.A. (C) closed a revolving credit
agreement in the amount of $550 million with Enron subsidiary Transwestern
Pipeline Co. on Wednesday, according to company spokesman Mark Palmer. And the
company expects the same two banks to close a $450 million revolving credit
agreement with its Northern Natural Gas Co. subsidiary on Monday.

  Original conditions in the credit agreements that could have prevented the
closings have been removed, Enron spokesman Mark Palmer said.

  The agreements required that Enron be rated at least triple-B-minus by
Standard & Poor's and Baa3 by Moody's Investors Service and accompanied by a
stable outlook. While Enron is rated triple-B-minus and Baa3, Moody's has
Enron's ratings on review for a downgrade and S&P has Enron on negative credit
watch.

  The rating agencies use the outlook system as an indication of the direction
of a possible future rating revision.

  "Both banks removed the `stable' requirement," Palmer said, allowing the
closings to proceed.

  Enron reached agreement on the credit lines Nov. 1, after the company drew
down all its previously available credit facilities to buy back its outstanding
commercial paper and raise cash.

  Last week, energy-industry rival Dynegy Inc. (DYN) announced it had reached
an agreement to acquire Enron in a stock swap now valued at about $10 billion
plus assumed debt. Without the agreement, Enron's ratings would fall to
speculative grade, S&P has said.

  Enron restated four and a half years' worth of financial reports last
Thursday because of questionable partnership arrangements, lowering its
earnings over the period by 20%. Resulting downgrades by Moody's and S&P led
some energy companies to severely restrict their business with Enron.

  -By Michael C. Barr, Dow Jones Newswires; 201-938-2008;
michael.barr@dowjones.com


Following please find the Daily EnronOnline Executive Summary.

<Embedded Picture (Metafile)>


Hi Jim,

We haven't worked with a term sheet on the equipment sales I've worked on.

Good luck,

Kay


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/31/2000 05:02 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Ronald Carroll" <rcarroll@bracepatt.com>
01/31/2000 03:49 PM

To: Mary Hain/HOU/ECT@ECT
cc: Joe Hartsoe/Corp/Enron@ENRON
Subject: Redraft of Silver Peak Complaint

Mary, Please distribute as appropriate.  Ron

 - 0119605.01


Our first flag football game is tonight! Are you in?

Nick Hiemstra
03/27/2000 10:00 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Game Tonight

What game?

	Enron North America Corp.

	From:  Eric Bass                           03/27/2000 08:55 AM

To: Brian Hoskins/HOU/ECT@ECT, Luis Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Amir Ahanchian/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Timothy
Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT
cc:
Subject: Game Tonight

The game is at 8:45 at the Post Oak YMCA.  The Post Oak YMCA is outside the
loop at the corner of San Felipe and Augusta.

We have eight as of now, so make sure and let me know if you can't make it
for any reason.


I was the one that talked to David Behrman. We talked about splitting out the
Algonquin Citygate prices. Why didn't you mention Algonquin in the Gas Daily
article?
Brad


Corrected summary


Anything we can do?
---------------------- Forwarded by Grant Masson/HOU/ECT on 09/15/2000 08:34
AM ---------------------------

	Enron North America Corp.

	From:  Toni Graham @ ENRON                           09/14/2000 07:36 PM

To: Grant Masson/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT
Subject: Re: Rabi De

Grant,  I did talk with Tanya this evening however since I'm on vacation
Friday I wanted to outline here what Rabi has discussed with me.

1)  Title.....he is currently at a VP level and we are offering him Manager
2)  Sign on Bonus...........the 15K is not coving the lost bonus he will
receive at he current co ($25K)
3)  Salary...........he will receive a "Risk Premium" of approx 10% befor
tax.   He is not able to quantify this for us and I was not able to get a
number out of him as to what he is looking for.

He is very enthusiastic and wants to work for Enron but wanted to see if we
could do anything to enhance our offer in these areas.

Toni

	From:  Grant Masson @ ECT                           09/14/2000 08:58 AM

To: Toni Graham/Corp/Enron@ENRON
cc:

Subject: Re: Rabi De

Toni:

I am talking to Vince today.  Please call me if there are any further
developments I should know about.

Regards,
Grant.


-----Original Message-----
From: 	Tamarchenko, Tanya
Sent:	Friday, November 16, 2001 11:01 AM
To:	Kaminski, Vince J
Subject:	list of models

Vince,
here is the list of models from my group compiled so far.

We are collecting documents describing the models and models themselves.

Tanya


EFF_DT PORTFOLIO_ID DOWN95
2/16/01  MANAGEMENT-COAL 0
2/16/01  MANAGEMENT-CRD 0
2/16/01  MANAGEMENT-GAS 318,520.
2/16/01  MANAGEMENT-PWR 177,196.
2/16/01  AGG-MANAGEMENT 429,242.


<<HR 4541 side-by-side final 8-31-00.doc>>  <<CONGRESSIONAL COVER
LETTER.doc>>  <<distribution list.doc>>

Attached please find the finalized version of the CEA Legal Certainty
side-by-side analysis that was sent out today.  This is the side-by-side
comparison that Don and I discussed with many of you yesterday.

In addition, please find a copy of the cover letter accompanying the
side-by-side that was sent by the Coalition's representatives Mary Whalen
and George Baker (House version only attached; appropriately modified
versions for Senate and Agency recipients have been prepared by the
Coalition also but are not included).

If you should have any questions, please do not hesitate to call.

 <<HR 4541 side-by-side final 8-31-00.doc>>  <<CONGRESSIONAL COVER
LETTER.doc>>  <<distribution list.doc>>

 - HR 4541 side-by-side final 8-31-00.doc
 - CONGRESSIONAL COVER LETTER.doc
 - distribution list.doc


Janet

Call me.


Few changes made.  Here it is.

Best,
Jeff


is attached.  This version reflects the comments received from Rick, Sarah
and Joe.  Your additional suggestions are welcome.  We hope to finalize the
paper early next week.

 - 0131114.01


Start Date: 3/12/01; HourAhead hour: 22;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001031222.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 22 / Preferred:  49.81 / Final:  49.78)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 3/12/01
  SC_ID: EPMI


MONDAYS
8:00 - "Husseinfeld"
8:30 - "Mad About Everything"
9:00 - "Suddenly Sanctions"
9:30 - "Everybody Loves Osama"
10:00 - "Allah McBeal"
TUESDAYS
8:00 - "Wheel of Terror and Fortune"
8:30 - "Buffy the Yankee Imperialist Dog Slayer"
9:00 - "Children Are Forbidden From Saying the Darndest Things"
9:30 - "Afghanistan's Wackiest Public Execution Bloopers"
10:00 - "The Price is Right if Osama Says It's Right"
WEDNESDAY
8:00 - "Goodnight America"
8:30 - "Third Rock From Kabul"
9:00 - "When Northern Alliances Attack"
9:30 - "Two Guys, a Girl, and a Pita Bread"
10:00 - "Just Shoot Everyone"
THURSDAY
8:00 - "Lifestyles of the Dirt Poor and Dusty"
8:30 - "West Wing ER"
9:00 - "Veilwatch"
9:30 - "Who Wants To Be A Martyr"
10:00 - "Veronica's Closet Full of Long Black Shapeless Dresses and
Veils"
FRIDAY
8:00 - "Judge Laden"
8:30: "My Two Bagdads"
9:00 - "Achmed's Creek"
9:30 - "No Witness News"
10:00 - "Wild Wild Mid East"
10:30 - "I Dream of Jihad"

  _____

Do You Yahoo!?
Get your free @yahoo.ca address at Yahoo! Mail <http://mail.yahoo.ca/> .


Notice No. 01-151
May 2, 2001

TO:
All NYMEX Division Members/Member Firms
All NYMEX Division Clearing Members

FROM:
Neal Wolkoff, Executive Vice President

RE:
International Energy Week Reception Tickets

The New York Mercantile Exchange will host the International Energy Reception
on Tuesday May 8 from 6:00 PM to 8:00 PM on the NYMEX division trading
floor.  All NYMEX members are entitled to 2 complimentary tickets and all
NYMEX member firms are entitled to 10 complimentary tickets.  Non-member
energy industry companies are entitled to 2 complimentary tickets.
Additional tickets are available for $50 each.

Tickets are available from Josephine Muli (299-2329 or jmuli@nymex.com) in
the Marketing Department on the 15th floor of the Exchange building.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-151)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


The wierdness continues.....

In the Senate:
After Burton's "proclamation" yesterday afternoon that Senate bill 78XX was
"all Edison was getting, period," the bill was voted down in committee and
never made it to the full Senate for a vote.
The bill will be "reconsidered" (i.e., voted on again) today in the same
committee.

In the Assembly:
Hertzberg's bill (82XX) got voted down initially, until Rod Wright switched
his vote and let it get out.
82 XX then went to the appropriations committee, where it was voted out, and
now it's scheduled for a floor vote this morning.
83XX, the bipartisan bill led by Wright (D) and Richman (R), was also voted
out of committee and will go to appropriations today.

Will report back later this AM with any additional information.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/19/2001 09:40 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	07/18/2001 08:18 PM

		 To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Susan J
Mara/NA/Enron@ENRON, Harry Kingerski/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Susan M
Landwehr/Enron@EnronXGate, mpalmer@enron.com, Karen Denne/Enron@EnronXGate,
Janel Guerrero/Enron@EnronXGate, Paul Kaufman/Enron@EnronXGate
		 cc:
		 Subject: California Update 07.18.01

The Senate, the Assembly and the Governor are either poised to engage in very
difficult negotiations, or the three are about to crash and burn and Edison's
going to be left dangling.

In the Senate:
The Senate bill 78XX is with about 90% likelihood going to be voted out of
the Senate tonight---without a vote having taking place in any committee.
Burton announced during one of the two "informational" hearings that "this is
it," despite the view of just about everyone who appeared before the
committees the bill likely won't prevent Edison from going bankrupt.
The key features of the bill are:
Banks and QFs get paid in full.
Edison shareholders would be responsible for debts owed to suppliers
No direct access.
There are conflicting reports about whether the Senate will take up the bill
tomorrow de-linking the bonds from the DWR contracts and whether the
Republicans will go along with it.

In the Assembly:
The Committee is hearing the Wright and Hertzberg bills as we speak, with
Hertzberg's the likely winner.
That bill now provides for Direct Access under certain conditions (the
amendments describing the conditions were faxed today).
We're attempting to get the "July 12" date changed to "the effective date of
the bill" or later.
The Assembly likely won't vote the Hertzberg bill out until tomorrow at the
earliest.

The Problem:
The Assembly and Senate bills are diametrically opposed in the way each
approaches the problem---in short, the bills are two ships passing in the
night.
The Democratic leaders (Governor, Hertzberg, Burton) aren't talking, and
Burton hasn't expressed any interest in talking---to anybody.

The likely outcome given the circumstances:
Burton says he's done what he needs to do (i.e., passed out a "fair" bill);
the Assembly and Senate can't agree; they finish the budget; time runs out;
they leave Friday; and Edison's left twisting.

That said, there's still a chance that the Governor could call Burton and sit
down with Burton and Hertzberg and work something out by Friday, or begin
talking and postpone the recess until they get it worked out.  But given
Burton, the chance of that happening seems very slim.

In short, little has changed since yesterday.

Best,
Jeff


-----Original Message-----
From: Barbara R. Barkovich [mailto:brbarkovich@earthlink.net]
Sent: Friday, April 13, 2001 10:33 PM
To: Barbara R. Barkovich (E-mail); Bob Finkelstein;
'kmccrea@sablaw.com'; 'mshames@ucan.org'; 'kmelville@sempra.com';
'furutanj@efawest.navfac.navy.mil'; 'mdjoseph@adamsbroadwell.com';
Zeller, Jason; 'phanschen@mofo.com'; 'rschmidt@bartlewells.com';
'rick.counihan@greenmountain.com'; 'smoss@hooked.net'; wbooth;
'cmkehrein@ems-ca.com'; 'jweil@aglet.org'; 'abb@eslawfirm.com';
'kmills@cfbf.com'; Fua, Faline; Greg Blue; smutny@iepa.com; Justin
Bradley; jbushee; callen; jweisgall; rogerberliner; rcsstl; mbrubaker;
anchau; keith-sappenfield; jsmollon; jlyoung; napedersen; athomas;
kmcspadd; hchoy; lgurick; douglass; randy_britt; dmarshall;
frank.cooley; glwaas; uwuaregion5; fmo; jleslie; julesan; jparrott;
riald; bill.mccallum; btenney; ronknecht; kpoole; freedman; rcosta;
theresa_mueller; chrisw; joseh; ek; jnnc; jlondon; imoosen; clpearce;
tmberliner; dpritchard; epoole; chilen; jsqueri; jbennett; bloomje;
pbray; thoulihan; mday; jmalkin; edwardoneill; lindseyhowdowning;
jguzman; whe1; ssmyers; pxo2; pat.williams; jerryl; mgomez1; askaff;
pjpowerlaw; difellman; nryan; rrcollins; patrickm; tomb; pmcdonne;
pjmuller; tsmegal; sberlin; bishop; cwrmccv; scottst; bill; bpowers;
dcarroll; dkk; ed; jtachera; howens; sgreenberg; tknox; lmh; hodgesjl;
rpernell; rliebert; aorchar; mpa; jcpaine; mhg; dws; hbd;
gerhordt.herbert; cread; jogg; peter_fox-penner; DavoodiKR; bill.wells;
ad046; bob_anderson; gdreed; robert.d.schasel; cyounger; dhuard; rkeen;
georgeperrault; picketse; jsilva; jherrera; LVanWagenen; jbarthrop;
foothill; fosterbc; ljhubbard; ktilton; mpatel; paul.harris; oshirock;
natutt; j3m9; musicamaria; derkp; luluw; tom.oneill; mmattes; RJP2;
brb3; ell5; jyf1; NXK2; rrh3; alexm; joe.paul; honest; jyoung;
jon.jacobs; emitchel; jptang; rbw; dmarcus; jeff; ed; wendy; chrism;
fwmonier; rmccann; blaising; melanie_gillette; twetzel; Slayman;
swchurchill; jdh; ddavie; karen; cpeyton; thaines; huse; mer; awp; cmw;
ctd; bsl; dlf; jlo; jsw; jrd; jmh; kok; kim; llk; lss; mv1; pmd; gig;
rtf; raw; sfc; car; txb; ztc; nevillm; dwrlegal1; ath; LKristov;
randy.chinn; firmiyas; rax; rtavares; mschwebs
Subject: Templates for CLECA rate design

Although the CLECA testimony went out earlier, attached please find the
proposed rate design and revenue allocation in the CPUC's proposed
template.  I apologize for the delay.  I ran into major computer
problems, which included my e-mail.

 - SCE CLECA TEMPLATE for SCE.xls
 - SCE CLECA TEMPLATE for PG&E.xls


Wednesday February 6, 1:41 pm Eastern Time
BusinessWeek Online
DAILY BRIEFING -- Can UBS Tame Enron's Wild Traders?
Daily Briefing: NEWS ANALYSIS
By Emily Thornton in New York, David Fairlamb in Zurich, and Stephanie Anderson Forest in Dallas
Back in November, Dynegy (NYSE:DYN <http://finance.yahoo.com/q?s=dyn&d=t> - news <http://biz.yahoo.com/n/d/dyn.html>) had what sounded like a great idea: Buy Enron's flagship trading business in natural gas and electricity, and immediately become the dominant force in those markets. Dynegy fled when Enron started to collapse under an avalanche of scandal. Now, Zurich [Switzerland]-based UBS Warburg (NYSE:UBS <http://finance.yahoo.com/q?s=ubs&d=t> - news <http://biz.yahoo.com/n/u/ubs.html>) is making the same bet, albeit for a lot less money.
The question now: Will the conservative bank be able to impose Swiss order on the rogue Texas company's traders? On one level, the deal doesn't seem completely farfetched. Enron's gas and electricity trading actually seems to have made money. Other bankers who checked it out estimate the trading operations racked up $3 billion in pretax profits over the past two years [see BW, 2/11/02, ``Enron: How Good an Energy Trader?''].
Still, UBS had good reason to go for a deal that gave it 67% of future pretax profits for a pledge only to pay the salaries of 625 Enron employees. Obviously, the Enron name is mud, and getting people to trade with the company will be difficult enough. But managing Enron's swaggering traders -- its core asset -- could turn out to be even harder.
CULTURE CLASH. Enron may be on its last legs, but its masters-of-the-universe culture lives on, say insiders. ``Even after going down in flames, a lot of these people have undiminished confidence in their ability,'' says a former Enron trader who asked not to be named. Competitors doubt that people who earned as much as $1 million a year in the freewheeling, high-risk Enron culture will be grateful to become a small piece of UBS's massive fixed-income business.
Although many have signed contracts with UBS that prevent them from leaving Enron for an undisclosed period, ``they're all exploring their options,'' says one banker privately. Indeed, some traders are talking about trying to buy the trading unit back from UBS after it gets going again. UBS says it's not worried about rogue traders. ``We're confident in the people we have hired,'' says Michael Hutchins, global co-head of credit fixed income at UBS Warburg.
For the scheme to work, however, UBS must persuade Enron's traders to accept its risk-management practices. And that will be tough: One reason Enron's traders made so much is that they took big risks. Analysts estimate that Enron was willing to put as much as $66 million at risk on a trade, vs. $12.2 million at Dynegy or $16 million at Duke Energy. UBS Warburg is willing to put up to $131 million at risk in all of its deals with a single trading partner, but insiders says its energy traders won't be allowed to risk ``anything like that'' on a single trade. UBS'ers abide by tighter controls than at Enron.
``SMOOTHING ELEMENT.'' UBS officials insist that they have no rosy delusions about the investment. That's partly because they had been researching the energy-trading business for more than a year as a way of diversifying the bank's trading income. ``Earnings in the energy-trading business do not depend on developments in the capital markets, so they could work as a smoothing element,'' says UBS President Peter A. Wuffli.
That's in fact what motivated UBS to send a small team down to Houston when Enron put the business up for sale after the bankruptcy filing. Even after federal antitrust authorities give the final go-ahead, the Swiss bank says it plans to take things slowly. ``We don't know how quickly this is going to start up,'' says UBS CEO John Costas. ``We'd be happy in the first year if this business is half as big as it had been historically.''
Still, anything associated with Enron is arguably fraught with risk at any price. ``It's not clear how successful UBS is going to be,'' says Jeff Dietert, an analyst at investment bank Simmons & Co. in Houston. ``And I think UBS knows that. That's why it wasn't willing to pay anything up front.''
Some industry insiders doubt that Enron's traders will prove to be exceptional under the new rules. But UBS isn't about to change its own way of doing business. ``Entering into energy trading does not mean extending our appetite for risk,'' says Wuffli. Swiss family Enron? Don't bet the chalet on it.
Go to www.businessweek.com <http://rd.yahoo.com/finance/editorial/bizwk/*http://www.businessweek.com> to see all of our latest stories.


Guys, please mark your calendars for the 2000 ENA Management Offsite
scheduled for December 14th and 15th at the Venetian in Las Vegas.  We
envision people flying in the afternoon/evening of December 13th with the
offsite being held on December 14th and 15th.  Departure would occur the
morning of December 16th.  It is important that everyone stays for the entire
period including Friday night.  Jeff Skilling and Greg Whalley have taken
time out their schedule to speak to us on Thursday and Friday night about
Enron Corps strategy and our eCommerce/Networks strategy respectively.

A complete agenda will follow shortly.

Dorie Hitchcock will manage all the logistics.

Regards
Delainey


Please respond to YPO-eNewsWelcome to YPO eNews - your guide to the latest YPO events, activities and
news, worldwide.

In this issue:
     >Cairo 2001 Regional Conference Academies
     >Regional Conference 2001:  A Southwest Odyssey
     >Furniture Industry Roundtable
     >Family Renaissance Retreat
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     >Emmy Experience Weekend
     >Audio Program from Sydney University
     >Membership Renewal
     >Inventory Of Skills
     >Special Interest Group - Leading by Vision & Values

"Register now for the CAIRO 2001 REGIONAL CONFERENCE ACADEMIES - "Unlocking
the Mysteries of the Middle East" - October 30 - November 4, 2001.
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Come expand your horizons in lush desert warmth at the renowned Loews
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A SOUTHWEST ODYSSEY, October 10-14, 2001 at http://www.ypo2001.com.

Learn from leaders about strategic trends, future distribution, growth
strategies in a deflationary market, and e-strategies at the FURNITURE
INDUSTRY ROUNDTABLE, May 16-18, 2001. http://www.myypo.org/furniture

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YPO families together for discussion on current business and political
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Strengthen your relationship with your children through the PARENT-CHILD
MOUNTAIN ADVENTURE and the FATHER-SON, FATHER-DAUGHTER programs.
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Attend the 53rd Annual Prime-Time Emmy Awards for an EMMY EXPERIENCE
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Chapter.  http://www.myypo.org/emmyexperience

Order your AUDIOTAPES now from the 2001 SYDNEY UNIVERSITY at
http://www.penfieldprod.com/ypo/, and check the complete list of YPO tapes.

The MEMBERSHIP RENEWAL process is critical in maintaining a quality YPO
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OF SKILLS at ios@usa.net to schedule yours today.

The 6th LEADING BY VISION & VALUES Conference, February 28 - March 3, 2002
in Scottsdale, Arizona, approaches business and personal leadership
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Issue Fifteen


Mark:  Please verify for me that you told Susan F. that Samantha would be
responsible for the brokerage accounts when she joins us.  I wasn't certain
that Susan knew and I didn't want to spring it on her.  Thanks.  Sara


The Approval status has changed on the following report:

Status last changed by: Kimberly S. Watson
Expense Report Name: Expenses 02/27/02
Report Total: $767.89
Amount Due Employee: $767.89
Amount Approved: $767.89
Amount Paid: $0.00
Approval Status: Approved
Payment Status: Pending

To review this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Please refer all emails to John presley (john.presley@enron.com) or to Mark Jeffries (mark.jeffries@enron.com).

Regards

Mike Hicks


Stephanie,

Could you please print the attached on letterhead for my initials and
distribution to John Allario.  This is in relation to the e-mail that came
from John yesterday.

Since I'll be in a meeting until about 10, there is no rush.

Thanks.

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


cool


To:NEMEC, GERALD
Email:gerald.nemec@enron.com - 7138533512
?

Enron Wholesale Services - Office of the Chairman

?
From:??Mark Frevert, Chairman & CEO
??????Greg Whalley, President & COO
??????Mark Haedicke, Managing Director & General Counsel
?
Subject:??Confidential Information and Securities Trading
?
Enron Wholesale Services ('EWS') maintains official Policies and Procedures
Regarding Confidential Information and Securities Trading ('Policies and
Procedures'), which have been revised as of November 15, 2000 to reflect the
new EWS structure.  These policies and procedures are intended to allow us
simultaneously to pursue our diverse businesses and to protect confidential
information, our reputation for integrity, and EWS and its employees from
legal liability.
?
You are required to become familiar with, and to comply with, the Policies
and Procedures.  The newly revised Policies and Procedures are available for
your review on LegalOnline, the new intranet website maintained by the Enron
Wholesale Services Legal Department.  Please click on the attached link to
access LegalOnline:
?
http://legalonline.corp.enron.com/chinesewall.asp
?
You must certify your compliance with the Policies and Procedures within two
weeks of your receipt of this message.  The LegalOnline site will allow you
to quickly and conveniently certify your compliance on-line with your SAP
Personal ID number.  If you have any questions concerning the Policies or
Procedures, please call Lance Schuler at extension 3-5419, Mark Haedicke at
extension 3-6544, Alan Aronowitz at extension 3-3214, Bob Bruce at extension
5-7780 or Donna Lowry at extension 3-1939.


Steve and Linda:

Here is the first draft of the Supreme Court brief.  I inadvertently left you
all off my prior earlier.  Please let us know if you have any comments.  The
brief is due to be filed at the court on April 19.

Thanks

Sarah

----- Forwarded by Sarah Novosel/Corp/Enron on 04/12/2001 10:25 AM -----

	Sarah Novosel
	04/10/2001 10:31 AM

		 To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 cc: Marcia A Linton/NA/Enron@Enron
		 Subject: Draft of Supreme Court brief

Jim and Rick:

Here's the first draft of the Supreme Court brief.

Marcia:

Would you please print this out for me.

Thanks

Sarah
----- Forwarded by Sarah Novosel/Corp/Enron on 04/10/2001 10:27 AM -----

	"Cohen, Louis" <LCohen@Wilmer.COM>
	04/07/2001 01:20 PM

		 To: "'dbva@radix.net'" <dbva@radix.net>, "'jhartso@enron.com'"
<jhartso@enron.com>, "'snovose@enron.com'" <snovose@enron.com>,
"'tabors@tca-us.com'" <tabors@tca-us.com>, "'jcardell@tca-us.com'"
<jcardell@tca-us.com>, "Jeffrey D. (Dan) Watkiss (E-mail)"
<dwatkiss@bracepatt.com>, "Killory, Ted" <TKillory@Wilmer.COM>, "Frankel,
Jonathan" <JFrankel@Wilmer.COM>, "Plotnick, Michael" <MPlotnick@wilmer.com>,
"Palansky, IJay" <IPalansky@wilmer.com>
		 cc: "Cohen, Louis" <LCohen@Wilmer.COM>
		 Subject: Draft of Supreme Court brief

Here is a first  publishable draft.? This has benefited greatly from comments
by Richard,  Judy, and of course Dan, but wcp takes full responsibility.
?
Careful further  review by all is needed.? I can identify two basic problems:
the repeated  statistics for use of the grids are believed to be about right,
but we lack  authoritative sources and we need to go with something firmer
(as we in the  power biz say); second, the examples given both late in the
statement and near  the end of the brief have been reworked by me in light of
some very helpful  conversations yesterday, but I may not have gotten them
right, or put them as  well as I could have; these also need citations if
possible.
?
I will be out of  play until late morning Monday (going to Charlottesville
for a speech by my  spouse).? Comments should be routed to others on the WCP
team as well  as?me.? We hope to have all significant comments by the end of
next  week (earlier?where possible of course), so that we can put the brief
in  final shape over the weekend.
?
Thanks to  all.
 - Draft Petitioners Brief v6.doc


Thought you would find this funny.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/28/2000
12:42 PM ---------------------------

	From:  Phillip K Allen @ ECT                           12/28/2000 12:37 PM

To: John J Lavorato/Corp/Enron@Enron
cc:

Subject:

? Pay well ( and pay for performance (with bonuses based on merit, not
entitlement).

Just a soundbite from a PRC email.  I am getting worried about Mike G. and
myself.  Are you open to more discussions?

Phillip