Sharad

As expected we didn't get time to discuss in detail what to do in Houston.
We have discussed the subject informally, but I'm laying it out here for
clarity, and for Vince/Stinson's information.  Here are my thoughts:

1. Exotica.  This is the top priority, as you'd rightly identified yourself.
 a. Learn how to build xlls.
 b. Catalogue functions in Houston Exotica not yet available in London.
 c. Catalogue differences between inputs to London and Houston Exotica
functions.
 d. Produce London xll that allows current function calls to be used where
possible, and incorporates new functions.
 e. Update documentation as appropriate.
 If you do nothing else in your two weeks, I'll be very happy with this.
Main contacts are Paulo and Zimin.

2. Understand American Monte Carlo (AMC).  The aim is to get a feel for AMC's
characteristics.  Before we embark on the use of AMC for real option
valuation, I'd like to understand how it behaves for financial options.  I
suggest something like the following:
 a. Produce AMC code for single GBM for American option.  Compare Greeks
against those from appropriate tree methods.
 b. Two GBM spread option model, to compare against 1-d numerical integration
method.  Although the "American" bit of AMC isn't going to be used here, it
will be interesting to think about the bucketing issue in price/payoff space
and, again, the Greeks.
 c. Some form of mean reverting model, preferably two factor.
 d. HJM for pure financial option valuation.
 If you get somewhere on a-d, and AMC behaves sensibly on pure financial
models, then I'll be very keen to roll it out for real option valuations.

Vince/Stinson - since I'm expecting the worst from IT i.t.o. email support,
would you be good enough to print this email out and hand it to Sharad?

Many thanks,
Steve


Group,
We have had some issues with EpmiCalPool deals recently and I wanted to provide information for newer members of the group and a quick reminder for crusty veterans as we head into the Thanksgiving Holiday. I have also decided to change our protocol for entering multiple EpmiCalPool deals. Please pay special attention to #5 below.

So, some basic rules about EpmiCalPool deals.

1. EpmiCalPool deals are BUY-RESALE deals--(a transmission deal will work but is not the preferred method)

2. We only BUY from the EpmiCalPool-no exceptions-.

3. EpmiCalPool deals have a $0 price in the buy and sell portions. Please do not enter a price on an EpmiCalPool deal.

4. EpmiCalPool deals must have a delivery point of an CISO tie point or an CISO congestion zone. Good delivery points would be:
Malin, COB N/S, COB S/N, NOB N/S, NOB S/N, Cascade, Captain Jack, Summit, Four Corners 345, Mead 230, Paloverde, NP-15, ZP-26, SP-15.

Bad delivery points would include: Mid-C, Hotsprings, Hidalgo, BC Border.

5. IMPORTANT CHANGES TO BUSINESS PRACTICE HERE EpmiCalPool deals are used to simulate the purchase of transmission from the California ISO.

	a.) If you have a wheel from tie point to tie point for example Malin to Four Corners for congestion management--than an EpmiCalPool deal from Malin to Four 	Corners would be appropriate. For seperate wheels from tie point to tie point we will NOT be putting in deals from Malin to NP-15, NP-15 to SP-15, and SP-15 to 	Four Corners.

	b.)However, from Congestion zone to congestion zone inside of California, or if you are moving tie point to a congestion zone--for example Malin to SP-15 we will 	need a Malin to NP-15 and NP-15 to SP-15. This will allow us to better capture congestion across congestion zones in California, and will prepare us for the move 	to FSP.

6. We will initiate this change in business practice HE 1 on Tuesday November 20th.

Epmicalpool deals continue to provide problems with reports. Please see me with any questions.

Thanks,

Bill


Just got this and am forwarding in case Scott didn't already send it to you.

-----Original Message-----
From: Scott Tomashefsky [mailto:Stomashe@energy.state.ca.us]
Sent: Thursday, December 16, 1999 3:03 PM
To: bcragg@gmssr.com; jsqueri@gmssr.com
Subject: Siting Committee Ruling (99-DIST-GEN(2))

Attached is the unofficial version of a Siting Committee Ruling signed this
afternoon in 99-DIST-GEN(2).  The ruling established the basic framework by
which the Commission will develop recommended interconnection rules
affecting DG proponents and IOUs.  In the interest of getting this note out
today, I am using the e-mail list generated from R.98-12-015, rather than
the new list.  I will ensure that future correspondence use the R.99-10-025
service list.

The official version will be placed in the mail tomorrow and also posted on
our website.  If you have any questions, please feel free to contact me via
e-mail or by phone.

Scott Tomashefsky
California Energy Commission
(916) 654-4896
stomashe@energy.state.ca.us

 - Siting Committee Order 1.doc


we have a purchase booked here, we need to reverse?
---------------------- Forwarded by Edward D Gottlob/HOU/ECT on 02/01/2001
09:33 AM ---------------------------

Jack Simunek
01/31/2001 10:19 AM
To: Sherlyn Schumack/HOU/ECT@ECT
cc: Edward D Gottlob/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Lauri A
Allen/HOU/ECT@ECT
Subject: Re: PGTT Meter 986884 - Dec Issue

Sorry it took me so long to get back to you.  PG&E did not fully process the
gas stream at their Indian Springs plant on December 12 and 13 and took the
reduced shrinkage, 19.000 MMBtu/d, and sold it to HPL at Gas Daily -$0.04.
PG&E did not have the right to do that, so they are going to allocate that
volume to Comstock, from whom we will buy the gas at the beginng of the month
index.  At the same time PG&E will create an imbalance, for which they will
pay HPL the same amount HPL paid them for the gas for those two days.  This
should wash the sale at Gas Daily and leave HPL buying the gas at the
beginning of the month IFHSC ( the price in the Comstock purchase contract)
and selling it at the Gas Daily price for 12/12 and 12/13.  The paperwork is
on its way to me to close this issue out.

	From:  Sherlyn Schumack                           01/23/2001 07:49 AM

To: Jack Simunek/HOU/ECT@ECT
cc:
Subject: PGTT Meter 986884 - Dec Issue

Jack,
Sandra at TECO seems to think you may have some information on how this deal
should work.

---------------------- Forwarded by Sherlyn Schumack/HOU/ECT on 01/23/2001
07:47 AM ---------------------------

Mary Poorman@ENRON
01/22/2001 04:47 PM
To: Edward D Gottlob/HOU/ECT@ECT, Sherlyn Schumack/HOU/ECT@ECT
cc: Edward Terry/HOU/ECT@ECT
Subject: PGTT Meter 986884 - Dec Issue

Ed,

Sherlyn has brought to my attention the deal I have attached below.
Apparently we bot from PGE Industrial on the 12th and 13th.  PG&E has
allocated an offsetting sale at the meter to TECO, and claim that they are
net deals.  I do not show a sale in the system at the meter, and I checked
the 215 K for those days for a corresponding delivery to TECO, perhaps at
another meter, and could not find one.

Any light you could shed on this issue would be appreciated.

Mary


LS HPL LSK IC       2.500 / Enron


This person seems confused.  Please advise.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 11/07/2000 09:31 AM ---------------------------
From:	Cassandra Schultz on 11/06/2000 08:30 PM
Sent by:	Araceli Romero
To:	John J Lavorato/Corp/Enron@Enron
cc:	Brian Hoskins/Enron Communications@Enron Communications, Judy Townsend/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Patrice L Mims/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT, Andrew H Lewis/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT, Joe Parks/Corp/Enron@ENRON, Jim Schwieger/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, John Craig Taylor/HOU/ECT@ECT, Rmenear@enron.com

Subject:	3rd Request - RESPONSE NEEDED ASAP - Risk Mgmt. Compliance Certificate

John Lavorato,

Please note that from the European Natural Gas Commodity Group, I have not received a signed Certificate of Compliance from the following:

Brian Hoskins
Tricia Talpek
Judy Townsend
Brad McKay
Kate Frasier
Robin Barbe
Sarah Mulholland
Sandra Brawner
Patrice Mims-Thurston
Tom Donohoe
Fletch Sturn
Geoff Storey
Kevin Ruscitti
Martin Cuilla
Joe Parks
Jim Schwieger
Carey Metz
Elsa Villarreal
Craig Falbaum
Steve South
Frank Ermis
Keith Holst
John Craig Taylor
Robyn Menear

Please print and sign the attached Enron Corp. Risk Management Policy Certificate of Compliance and fax directly to Veronica Valdez, fax # 713 646 2194. Due to certain regulatory audits of our trading businesses, we would like to receive these by the end of this week.

Attached is a copy of the Certificate of Compliance, and the Enron Corp. Risk Management Policy.

If you have any questions, please call me at (713) 853-0429, or Veronica Valdez at (713) 853-1881.

Regards,
Cassandra Schultz
Market Risk Management


With the forms relocation, forms list.doc needs to be revised to reflect
their new location.


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Great Lakes representative, Martin Wilde, is stopping by tomorrow @ 3:00.  I have set up this time to discuss with him his operations and present to him any questions we have.  Please let me know if you can attend.
Thanks


kentucky is #2

	Enron North America Corp.

	From:  Timothy Blanchard @ EES                           03/10/2000 10:58 AM

To: ebass@ect.enron.com @ ENRON
cc:
Subject: Re: ESPN.com - NCB - Ratings Percentage Index

and you sent this because....


i got 2 for tomorrow.


final draft of RPU.  Let me know if this is ok

If we get the PPA value today, we will include.

RPU tells us that the only thing that will be made public is the $14MM
turbine pricing.

RPU will provide us with a list of all bidders and their pricing.


As a threshold matter, I note that the basic purpose of the UCC filings is
to "belt and suspender" the cross-party netting provisions of the MNA by
having the counterparty(ies) grant to each Enron party a security interest
in the counterparty's receivables from Enron.  This is typically
accomplished through the grant of a security interest in "Obligations"
under the MNA.

In this case, however, I do not find in the Collateral provisions (Section
6) the Obligations included.  Is this collateral covered in a related
Collateral Annex?  Alternatively, is the omission an oversight, or a
deliberate choice by the parties?  If we do intend to have a security
interest in the counterparty's receivables, and it is not picked up in the
CA, the MNA should be revised accordingly.

Also, if we are going to file against the receivables, we will need to know
in which jurisdiction FPL is organized and, further, if it is organized in
Colorado, Delaware, Maryland or Texas, its "organizational ID" number.

Finally, we would also need to confirm for UCC filing purposes that the
counterparty is not a "transmitting utility", i.e., an entity primarily
engaged in the production or transmission of electricity or the
transmission of goods by pipeline.  It would not appear to be such a
utility, based on its name.

Thank you.

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com

                    "Van Hooser,
                    Steve"                    To:
                    <Steve.Van.Hooser@        <Lech.Kalembka@cwt.com>
                    ENRON.com>                cc:     "Heard, Marie"
                    Office:                   <Marie.Heard@ENRON.com>
                                              Subject:     FW: Master
                    11/05/2001 03:36          Netting Agreements
                    PM

Please do UUC Search on the FPL Energy Power Marketing, Inc.
Counterparty in attached Master Netting Agreement.

Thanks,

Steve Van Hooser

713-853-7238

 <<FPL Energy MNA(10-31-01).doc>>

>  -----Original Message-----
> From:   Heard, Marie
> Sent:   Monday, November 05, 2001 1:35 PM
> To:     Aronowitz, Alan; Athena Alexander (E-mail); Clark, Morris; Cook,
> Mary; David Mitchell (E-mail); Davis, Angela; Del vecchio, Peter;
> Douglas, Stephen H.; Evans, Mark (London Legal); Gray, Barbara N.;
> Hansen, Leslie; Heard, Marie; Hendry, Brent; Hodge, Jeffrey T.; Jones,
> Tana; Keohane, Peter; Koehler, Anne C.; Lech Kalembka (E-mail); Leite,
> Francisco Pinto; Marissa Morelle (E-mail); McCullough, Travis;
> Mellencamp, Lisa; Murphy, Harlan; Murray, Julia; Nemec, Gerald; Portz,
> David; Rick Antonoff (E-mail); Rohauer, Tanya; Sager, Elizabeth;
> Sayre, Frank; Shackleton, Sara; Simons, Paul; St. Clair, Carol; Van
> Hooser, Steve; Viverito, John; Williams, Jason R (Credit)
> Subject:     Master Netting Agreements
>
> In order for Cadwalader to be in a position to order lien searches,
> please e-mail Lech Kalembka (Lech.Kalembka@cwt.com) the initial draft
> of your Master Netting Agreement(s).  When your agreement is
> finalized, please e-mail Lech a copy of the final draft so that he can
> prepare the financing statement filings.
>
> Thanks!
>
> Marie

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at enron.messaging.administration@enron.com and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************
(See attached file: FPL Energy MNA(10-31-01).doc)

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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

 - FPL Energy MNA(10-31-01).doc


Robert,
 Where is the description of our right-of-way which we want to put in this
document before we send it out.  I think we need to change the first
paragraph, but I need to see the description to verify.  Is it intended that
we are dealing with only one owner, or is this developer using a different
ownership for each development.  Maybe it is all one development?  Otherwise
the form looks okay.  Should we consider adding language regarding duration
of easement grant, i.e. abandonment after 5 years of non-use.

	Robert Rose@ENRON
	05/30/2001 03:21 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Barbara N Gray/HOU/ECT@ECT, John Towles/NA/Enron@ENRON
		 Subject: Shadow Creek Ranch Easement

Dan,

I have previously discussed this proposed easement with Barbara
and Ann Elizabeth.  In a nutshell, a large developer wishes us to
define a series of mainly undefined easements in Fort Bend
and Brazoria Counties.  My response to them was to release the
earlier easements and in their place sign a single new easement with
language most favorable to HPL.

Attached is a draft of my proposed easement.  Please review
and make any changes you deem necessary or desirable.

Thanks!!!

r


we'll do it another time...i dont really want to talk about work all night.   thanks though

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Wednesday, August 15, 2001 6:46 PM
To:	Arnold, John
Subject:	RE:

they're fun to me.  May talk about things that are boring to you.  Elliott and I haven't seen Garrett in a real long time.  He use to work in Portland, too.

 -----Original Message-----
From: 	Arnold, John
Sent:	Wednesday, August 15, 2001 6:45 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

are they fun or boring work folk?

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Wednesday, August 15, 2001 6:45 PM
To:	Arnold, John
Subject:	RE:

goin'?

 -----Original Message-----
From: 	Arnold, John
Sent:	Wednesday, August 15, 2001 6:40 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

what's toronto

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Wednesday, August 15, 2001 6:39 PM
To:	Arnold, John
Subject:	RE:

portland

 -----Original Message-----
From: 	Arnold, John
Sent:	Wednesday, August 15, 2001 6:39 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

what's pdx?

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Wednesday, August 15, 2001 6:37 PM
To:	Arnold, John
Subject:	RE:

oh.  already going to dinner with Elliot Mainzer (pdx office) and Garrett Tripp (Toronto office).  going for mexican.  Would you like to join us?

 -----Original Message-----
From: 	Arnold, John
Sent:	Wednesday, August 15, 2001 6:36 PM
To:	Ward, Kim S (Houston)
Subject:	RE:

at my desk

 -----Original Message-----
From: 	Ward, Kim S (Houston)
Sent:	Wednesday, August 15, 2001 6:34 PM
To:	Arnold, John
Subject:	RE:

where are you?

 -----Original Message-----
From: 	Arnold, John
Sent:	Wednesday, August 15, 2001 6:33 PM
To:	Ward, Kim S (Houston)
Subject:

hungry?


Rabi,

You and Tanya  should go ahead with the course you have already registered
for.
I have just mentioned it  FYI.

I don't see too many problems  with the  course Stinson
may help to arrange. The alternative course can be scheduled on premises,
late in the day
and distributed over longer  time period.

Vince

Rabi De@ENRON
01/26/2001 02:15 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: DuraSoft -- Java Class

Vince,
Tanya and I are registered for the offsite (Productivity Point) Java Class
(Feb12-16).   Before I go ahead and try to cancel the reservation, I need
some guidance from you (and/or Tanya) in light of the following issues:

1.  Do you really want 15 people from the same group be unavailable at the
same time?

2.  Enron gets 30% discount from  the list price ($2125) of the Productivity
Point Java class.  Hence cost difference is $500 per person and not $1100 as
originally thought.

3.  Contents of the in-house class can be be tailored to match the skill
level of a more homegenous group.

Plese advise.  Thanks,

Rabi


since we have two documents - are you OK with my reference to Ex A ?

Gerald Nemec@ECT
03/06/2001 01:47 PM
To: Stephanie Miller/Corp/Enron@ENRON
cc:

Subject: Termination Letter


One for our side

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/29/2001 09:57 AM -----

	"Beiser, Megan" <Megan.Beiser@edelman.com>
	03/29/2001 09:11 AM

		 To: "Aaron Thomas (E-mail) (E-mail)" <athomas@newenergy.com>, "Andrea Weller
(E-mail) (E-mail)" <aweller@sel.com>, "andrew Chau (E-mail) (E-mail)"
<anchau@shellus.com>, "Bill Chen (E-mail) (E-mail)" <bchen@newenergy.com>,
"Douglas Oglesby (E-mail) (E-mail)" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Jeffrey Hanson (E-mail) (E-mail)"
<jeff.hanson@phaser.com>, "jennifer Chamberlin (E-mail) (E-mail)"
<jnnc@chevron.com>, "john Barthrop (E-mail) (E-mail)"
<jbarthrop@electric.com>, "John Leslie (E-mail) (E-mail)" <jleslie@luce.com>,
"Joseph Alamo (E-mail) (E-mail)" <jalamo@enron.com>, "Manuel, Erica"
<Erica.Manuel@edelman.com>, "'Michael Nelson' (E-mail)"
<mnelson@electric.com>, "Peter Bray (E-mail) (E-mail)" <pbray@newpower.com>,
"Rebecca Schlanert (E-mail) (E-mail)" <rschlanert@electric.com>, "Richard
Counihan (E-mail) (E-mail)" <rick.counihan@greenmountain.com>, "'Robert
Morgan' (E-mail)" <rmorgan@newenergy.com>, "Sue Mara (E-mail) (E-mail)"
<smara@enron.com>
		 cc:
		 Subject: Political Pulse article on Direct Access Coalition

>  <<Untitled.pdf>> Here's another hit for the Direct Access Coalition on
> the front page of Political Pulse.
>
> Megan Beiser
> Assistant Account Executive
> Edelman Public Relations Worldwide, Sacramento
> Phone: (916) 442-2331
> Fax: (916) 447-8509
>

 - Untitled.pdf


Fyi.  Put this on the calendar.
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/25/2000
07:25 AM ---------------------------

Rick Bergsieker@ENRON_DEVELOPMENT
10/25/2000 03:45 AM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
cc: Eric Gonzales@ECT, Brent A Price@ECT, Brenda J
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Clay
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: LNG Offsite -----Nov 20/21

Mike/Jeff:

Each year at about this time I hold an LNG Offsite meeting to review the
progress of the year and to set direction for the next year.  This year's
offsite has been scheduled for 20/21 November at the woodlands.  We picked
these dates and reserved (and paid for) the Woodlands earlier this year
because almost all members of the worldwide LNG team will be in the US at
this time for either the San Antonio conference or Gastech.

Given the recent reorganization and changes in Enron's international
direction, I feel that this meeting is more vital than usual.

I assume that some members of the group will want to take vacation later in
the week because of Thanksgiving---therefore, I plan to compress the offsite
into a one-day meeting on 20 November and leave 21 Nov for ad-hoc team
meetings and/or golf for those who want to stay another day.

This would be a perfect opportunity to educate the entire team on "mark to
market" mechanics, the LNG "book", enron online and any other similar topics
that may be appropriate.  To that end, we are working on the following agenda:

Overview of EGM/Enron Corp direction:  Mick Mcconnell/Jeff Shankman

LNG organization and strategic objectives:  Rick Bergsieker/Eric Gonzales

LNG risk book:     Presented by Merritt Thomas/Brad Hitch??

Enron Online demonstration and applications to LNG:    Presented by Brad Hitch

Mark to Market fundamentals and applications to LNG:    Presented by Brent
Price

2000 review/objectives for 2001:

Eastern Hemisphere:  Clay Harris

Atlantic Basin:  Doug Arnell/Emilio Vicens

Shipping, terminalling and Fuel Management:   Wayne Perry

Legal:  Dan Rogers

Several questions:

Mike/Jeff:  would either or both of you be available to participate,at least
for an hour or so to get us started?

Eric:  can you be there at least for Monday?

Jeff:  have I picked the right people for risk book and online presentations?

Brent:  can you be there to conduct a seminar on Mark-to-Market (including
key contractual provisions required)?

FYI, Wayne Perry and his assistant Cindy Long are coordinating arrangements
for this offsite.

Rick

---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on
10/25/2000 03:14 AM ---------------------------

Wayne Perry
10/25/2000 01:08 AM
To: Eric Gonzales/LON/ECT@ECT
cc: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: LNG Offsite List

This is the proposed invite list to the LNG offsite that has been scheduled
for the Woodlands on Monday, Nov. 20. Please send me the names of any
additions you suggest. I would like to get out a note to people on this ASAP.

We plan an all day meeting on Monday and Golf, etc for those that want to do
so on Tuesday. That way those that need to travel or work are only tied down
one day. I would also appreciate any agenda ideas you may want to include.

Thanks

Wayne
---------------------- Forwarded by Wayne Perry/ENRON_DEVELOPMENT on
10/25/2000 12:55 AM ---------------------------
CINDY LONG @
ENRON
10/23/2000 02:13 PM

To: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: LNG Offsite List

Wayne -

I heard back from Emilio and he said to go ahead and leave Margaret's name
(she might be gone by the time of the offsite) but he would advise of her
replacement.  He does not have a replacement as this time.

cl

---------------------- Forwarded by Cindy Long/Corp/Enron on 10/23/2000 02:15
PM ---------------------------
CINDY
LONG
10/23/2000 01:13 PM

To: Wayne Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: LNG Offsite List

Wayne -  Below is the revised list, please note I am waiting on information
regarding Margaret Rhee and/or replacement.


Billy Lemmons & I met on Friday regarding the Analyst and Associate program.  We would like to implement the following action items as it relates to the program.  Let me know if you have any concerns or questions with the items below:

Action Plan
Halt all recruiting efforts
Rescind offers with start dates thru end of February 2002
No change (as of now) with offers starting Summer 2002
Complete several internal transfers into program - stop all future internal transfers into program
Immediately cut 4 and 5 rated Associates and Analysts
Reduce remainder of group consistent with commercial organizations
Roll A/A program into HR reporting to David Oxley
Reduce administrative staff significantly

Current Program
Approximately 520 A/A in Western Hemisphere, with 35 staff
Approximately 225 A/A in Eastern Hemisphere, with 9 staff


Dear IAFE Member:

I would like to take this opportunity to wish you a Happy New Year.

2001 marks the 10 Anniversary of the IAFE and we will be celebrating with
a Winter Gala at The Yale Club Ballroom on February 8th.  The Black Tie
event will begin with cocktails at 6:00 and a sit down dinner at 7:30.
There will be
dancing and festivities including war stories by IAFE Senior Fellows, a
Silent Auction,
and a Financial Engineering Retrospective, to name a few.

A special award will be presented to Myron Scholes for his work on the
Black-Scholes Model.  For more information and to register for the
event please go to <http://www.iafe.org/whatsnew/gala2001.htm>.

We are pleased to report that we had a very exciting and productive
year with dozens of activities around the world. As we enter our 10th
year of operations, the IAFE has additional membership options available
to you. Please take a moment to renew your membership, if you have not
done so:  <https://www.iafe.org/about/register.ihtml>.  Based on member
requests, a Premium Membership is now being offered that includes the
Annual Conference at a 30% discount, the Financial Engineer of the Year
dinner, plus a subscription to the Journal of Derivatives (JOD). The Full
membership remains as in previous years. The new Regular
membership includes all Full membership benefits except JOD. Membership is
based on the calendar year January 1 - December 31, 2001.

Our website was recently updated, when you get a moment, please visit our
web site.  Make sure to check the calendar for upcoming events regularly
since we add to it frequently.  <
<http://www.iafe.org/whatsnew/calendar.ihtml>>

I hope to see you at an IAFE event in 2001.

Donna Jacobus
IAFE Office Manager
main@iafe.org <mailto:main@iafe.org>


I've forwarded this message onto Christian Yoder, one of our lawyers. Chris
Mallory and Jeff Richter suggested I check with Christian first on the
language of these confirms. I'll get back to you first thing tomorrow.

Thanks,
Kate

	From:  Kimberly Allen                           01/09/2001 01:48 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: #485446

Kate,
I received and index trade into NP15 that Chris Mallory did. For Price the
confirmations states:

The average day ahead, post congestion price for the Constrained Price as
published by the California Power Exchange for the on in the period of
delivery stated herein plus 3.00.

Is this language o.k. to accept on the confirmation.

Thanks,

Kimberly Indelicato
33031


...have received the e-mail, made contact, and scheduled a Thursday meeting...

life is good.

Kish

From: Jeff Dasovich on 06/19/2001 05:49 PM CDT
Sent by: Jeff Dasovich
To: mail@joesdesk.com, joe.kishkill@enron.com
cc:

Subject: Re: brazil contact

----- Forwarded by Jeff Dasovich/NA/Enron on 06/19/2001 05:49 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	06/18/2001 05:09 PM

		 To: mail@joesdesk.com, joe.kaishkill@enron.com
		 cc:
		 Subject: Re: brazil contact

Joe, meet Joe.  My apologies.  I've had trouble getting contact information
for Joe (Kaishkill).  Joe  K. could you confirm that you've received this
note.  Also, I left you Joe A.'s phone contact numbers on your Houston
voicemail last week.  Joe A. could you please send Joe K. your contact
numbers again?  Thanks very much.

If there's anything else either of you need, please don't hesitate to let me
know.

All the best,
Jeff

	mail@joesdesk.com
	06/18/2001 09:20 AM

		 To: jeff.dasovich@enron.com, Jeff.Dasovich@enron.com
		 cc:
		 Subject: brazil contact

Hello Jeff:

I am back from my Asia trip and will be leaving for Brazil tomorrow. I would
like to contact Joe Kaischkill in anticipation of my trip to schedule time
with him. Could I get a contact # or email to intitiate contact?

Thanks for your help once again.
Best regards,
Joe Alcantara


Please find attached the latest edition of the referenced publication prepared by Corporate HR Analysis & Reporting.

Please provide any comments or suggestions to:

      Norm Levine	             Stacey Dempsey
       x-35010	                  x-30945

<Embedded Picture (Metafile)>


Attached is my forthcoming article on managing risk in the documentation
process. It is appearing in the London-based journal "MiddleOffice,"
published by the FOW group. Some of you have seen an earlier version of
this.

You may want to consider whether certain issues or solutions discussed here
would be applicable to Enron.

If there are questions or comments, please feel free to contact me by e-mail
or at 212.966.7672.

Charles
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

 - FOWarticle.pdf


Mom,
I know you are really strapped to find people to take care of granny on the weekends and i know the costs are adding up as well.  But, if you find someone who can come on saturday or sundays for the day or even for a few hours on a weekly basis i can help pay for that expense.  With the weather improving,  I think it would be good for your stress to be able to get out in the morning and go to the park and just walk the memorial loop and be oustide.  Do you think Robin could come for a few hrs on sat or sunday mornings?  We could meet at the park, David could meet us as well.  I do have a few trips planned for the near future, but I would be very happy to meet you at the park to go walking or at Hanks when I am in town.  I would not be able to cope well with the stress of my job without the outlet of going to the gym or the park to work things out..  Let me know how I can help.

"Sanchez, Kathryn A" <ksanchez@houstonisd.org> on 04/30/2001 01:58:21 PM
To:	"Sanchez, David S" <DSANCHE1@houstonisd.org>, "Sanchez, Monique"	 <Monique.Sanchez@enron.com>
cc:
Subject:	Interesting Day

Went to the doctor this morning.  Was telling him about the mild chest pain
(over the left side) that have been coming on and lasting no more than 5
minutes. Told him I have been under a hugh amount of stress for quite a long
time and that I thought that could very well be the problem.  After giving
him the wonderful health history of both maternal/paternal side, he decided
to do an ECG and complete blood work.
	 ECG states an "abnormal ECG -- non-specific T wave abnormality".  I
will have to read about the T wave.  My blood pressure was 178.  Never
before that it ever been over 110/80.
	I am now waiting for referral approval for both a Stress Test at St.
Lukes and a bone density/mammogram at St. Joseph.
	I feel confident that everything is allright, but I thought just in
case I should keep both of you posted.

Kathryn Sanchez, EdD
Assistant Superintendent
Research and Accountability
Houston Independent School District
Phone (713) 892-6350
Fax   (713) 963-9156
ksanchez@houstonisd.org


Ron Slimp should be contacting each of you to explore opportunites within your groups.  Please afford him time to get to know your businesses as well.

Jeff


Gerald,
As you know, ECS is working several deals with EES pricing.  They provided a
draft agreement that should represent
what would be executed between the groups.  They are looking for comments
from us relative to the draft which I believe
is good timing since we will be closing something prior to year end 00.

I suggested that Bo set up a short meeting with their attorney for us to meet
and discuss.
We should be hearing from them soon.

thanks
mk

---------------------- Forwarded by Mark Knippa/HOU/ECT on 11/02/2000 12:30
PM ---------------------------

Mark Courtney
10/10/2000 11:19 AM
To: Mark Knippa/HOU/ECT@ECT
cc:
Subject: EES Contract

---------------------- Forwarded by Mark Courtney/HOU/ECT on 10/10/2000 11:15
AM ---------------------------
To: Mark Courtney/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
cc: Greg Sharp/HOU/EES@EES
Subject: EES Contract

At Greg's request I am sending you a draft of what we think a contract
between EES and ECS would entail.  We look forward to discussing this with
you further.  MDS


Are these good deals for Mike?

---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 01/05/2001
04:18 PM ---------------------------

Evelyn Metoyer
01/05/2001 03:45 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject:

Can you check Mike Swerzbin for the following deals through Prebon:

Enron sells Sempra 50 mw of Sept.'01  Mid-C at $360.00
Enron buys Sempra 50 mw of July '01 Mid-C at $270.00

Thanks!!


Fitch Puts Enron On Rating Watch Negative
Bloomberg, 10/25/01

STOCKWATCH Enron higher after dismissing CFO Fastow
AFX News, 10/25/01

DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

Calif Guarantees Allow Williams To Book Power Revenues
Dow Jones Energy Service, 10/25/01
Stocks Expected to Open Lower, Hurt By Weak Economic News
Dow Jones Business News, 10/25/01

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
Bloomberg, 10/25/01

Enron CNBC: Squawk Box,
10/25/01

Fitch Puts Enron On Rating Watch Negative
2001-10-25 13:49 (New York)

Fitch Puts Enron On Rating Watch Negative

Fitch-NY-October 25, 2001: Fitch places the following Enron
securities on Rating Watch Negative: senior unsecured debt
`BBB+'; subordinated debt `BBB'; preferred stock `BBB-`;
and commercial paper `F2'. Pipeline subsidiary `A-` rated
senior unsecured debt at Northern Natural Gas Co. and
Transwestern Pipeline Co., are also placed on Rating Watch
Negative.

The rating action primarily relates to the negative capital
market reaction to recent disclosures by the company. The
loss of investor and counterparty confidence, if it
continues, would impair Enron's financial flexibility and
access to capital markets, therefore, impacting its ability
to conduct its business. On Oct. 16, 2001, Enron announced
a $1 billion after-tax charge to earnings to be taken in
the third quarter of 2001 and a reduction of balance sheet
equity by $1.2 billion relating to the unwinding of
structured transactions. Since that time, there have been
several damaging news reports on the company and its
management. More importantly, investors have voiced
concerns. Enron's common stock price has plummeted and
spreads on its debt have widened.

The company has attempted to quell rumors and has publicly
stated that it has adequate liquidity to conduct its
business. Approximately $1.5 billion of unused liquidity is
available under committed bank lines.

An additional concern is that certain structured
transactions of the company including Marlin Water Trust II
and Osprey could unwind. While various sources of repayment
exist, such as the sale or liquidation of underlying
assets, or an equity offering, primary credit support is
derived from the Enron obligation to remarket mandatorily
convertible preferred stock if an amount sufficient to
repay the notes has not been deposited with the trustee 120
days prior to the maturity date or upon a note trigger
event. In the event that the issuance of the preferred
stock yields less than the amount required to redeem the
senior notes in either case, Enron is required to deliver
additional shares. If Enron cannot or does not deliver on
its obligation, then the amount of the deficiency becomes a
payment obligation of Enron, representing a general
unsecured claim. While trigger events include a downgrade
of Enron's senior unsecured debt below investment grade by
one of the major rating agencies in conjunction with
specified declines in Enron's closing stock price over
three consecutive trading days, Enron would have a
forebearance period of 60 days as long as an attempt was
being made to register the shares. The total amount of
Marlin and Osprey debt is approximately $3.2 billion. Enron
has not verified that the underlying assets have adequate
market value to fully pay down the associated debt.

While capital market uncertainties have escalated, Fitch
has no information to indicate that there are any
fundamental problems with Enron's core wholesale, retail,
and pipeline businesses. Fitch expects to be in contact
with the company on a continuing basis to both monitor
ongoing events and address strategic, longer-term issues.

STOCKWATCH Enron higher after dismissing CFO Fastow

10/25/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

NEW YORK (AFX) - Share of Enron were higher in opening trade, after the company dismissed its chief financial officer, Andrew Fastow, due to his past involvement in running two partnerships, in which Enron had invested, dealers said.
At 9.56 am, Enron was up 1.13 usd, or 6.95 pct, at 17.55. The DJIA was down 138.60 points at 9,207.52, the S&P 500 index was down 15.95 pts at 1,069.00 and the Nasdaq composite down 39.02 at 1,692.52.
Enron said it named Jeff McMahon CFO to replace Fastow, after announcing Monday that the Securities and Exchange Commission is looking into the Fastow-related transactions.
"In my continued discussions with the financial community, it became clear to me that restoring investor confidence would require us to replace Andy as CFO," said chief executive Kenneth Lay in a statement.
Enron shares have fallen sharply in recent days on concerns over financial transactions made with the two partnerships, LJM Cayman LP and LJM2 Co-Investment LP, which analysts said could affect future earnings and which have prompted class action suits against the company.
McMahon, who had been serving as chairman and CEO of Enron's Industrial Markets group, had quit his job as treasurer last year, after voicing concerns within the company about Fastow's role in running the two partnerships, according to the Wall Street Journal.
This morning, Salomon Smith Barney analyst Raymond Niles downgraded Enron to "buy- speculative," from "buy-high risk", to reflect his concerns that "lingering uncertainty over financial practices may begin to impair Enron's commercial operations."
"This is the least likely outcome, in our view, but one whose likelihood has increased over the last week as questions continue to be asked," he said.
ng/lj For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

=DJ Concerned Energy Cos Make Few Changes In Enron Dealings
2001-10-25 14:13 (New York)

   By Mark Golden, Kristen McNamara, Jon Kamp and John Edmiston
   Of DOW JONES NEWSWIRES

  NEW YORK (Dow Jones)--Energy trading companies have concerns about the credit
quality of troubled Enron Corp. (ENE), but they have made almost no changes in
policies concerning the top trader of North American power and gas, the
companies said Thursday.

  The concerns have arisen because Enron, which accounts for about a quarter of
the trade in the country's power and gas markets, has seen its share price fall
by a third this week due to uncertainties about its extremely complex financial
structure.

  Moody's has put Enron's credit on watch for possible downgrade, and some of
the company's debt is trading like junk bonds in the secondary market this
week.

  "We have made no changes to our credit policy concerning Enron," said John
Sousa, chief spokesmann for Dynegy Inc. (DYN). "It's business as usual."

  Williams Cos. (WMB) spokesman Jim Gipson said that his company, too, has made
no changes and has no concerns about Enron's credit. Another Top 10 power and
gas trading company, Aquila (ILA), has also left Enron credit unchanged.

  Other companies expressed concern, though they've taken little if any action.

  "Like everyone else in the marketplace, we're proceeding with caution," said
Lora Kinner, director of credit for Tractebel Energy Marketing, the North
American subsidiary of the Belgian company Tractebel S.A.

  Kinner said the company is just looking for more information and doesn't
expect to make any drastic changes.

Calif Guarantees Allow Williams To Book Power Revenues
By Andrew Dowell
Of DOW JONES NEWSWIRES

10/25/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Clarifications by California as to what electricity transactions the state will back enabled Williams Cos. (WMB) to book $180 million in power sales from the previous period as third-quarter revenues, the company said Thursday.
The revenues came from power Williams sold through the California Independent System Operator, which runs the state's wholesale power market and clears and settles transactions.
The state of California has paid more than $11 billion for power bought directly from suppliers, but has yet to pay for any ISO power since it took over the job of buying power for the state's ailing utilities in mid-January. Two weeks ago, however, the state made clear for the first time which ISO transactions it would back.
"It's that fact that has allowed us for the first time to recognize dollars from sales to the California ISO," Williams Chief Operating Officer Steven Malcolm said on a conference call Wednesday.
Williams reported third-quarter net income of $221.3 million on revenues of $2.81 billion, up from $121.1 million on revenues of $2.33 billion in the same period the year before.
Williams is now in talks with California to secure payment for its ISO sales. The process is complicated by the state's role as guarantor of transactions undertaken on behalf of the utilities, which aren't creditworthy enough to buy power for themselves. The ISO didn't envision third-party guarantors when it set up its settlement process, and state accounting rules require more detailed bills than those sent out by the ISO each month, state power officials have said.
The state says it has set aside $1.2 billion to cover ISO transactions.
As reported, suppliers including Williams had charged the state with deliberately muddling the repayment issue to keep power flowing for free.
Willing To Renegotiate

Separately, Williams' officers also said the company was willing to discuss reworking its long-term contracts with California, provided the result benefited both parties.
California Gov. Gray Davis is under heavy fire for having locked the state into contracts running as long as 20 years at prices negotiated at the peak of a market that has since collapsed.
Both sides could potentially benefit from changes to the length of the term of the contracts or the specifics of power-supply obligations - perhaps freeing up supply that Williams thinks it could get more money for on the spot market, Malcolm said.
"We're always willing to sit down with a customer," Malcolm said.
Williams hasn't been approached by the state to renegotiate the contracts, Malcolm said.
Any attempt by California to force through one-sided changes is unlikely and could backfire for the state by disrupting plans for new power plants, he said.
"To the extent contracts are changed, financing is going to go away," he said.
Downplaying Enron Opportunities

Williams downplayed its ability to capitalize on the recent troubles of market-leader Enron Corp. (ENE), saying it focuses on large, long-term structured deals, not the high-volume, physical-market transactions that Enron dominates, Malcolm said.
Also, TradeSpark - the Internet-based energy exchange in which Williams is a partner - is limited for now in its ability to expand and take volume from Enron's proprietary system EnronOnline because of the horrific losses operator Cantor Fitzgerald (X.CFZ) suffered in the attacks on the World Trade Center.
"That's interrupted the rapid growth we were seeing," Williams Chief Executive Keith Bailey said on the call.
Enron, which accounts for about a quarter of the trade in the country's power and gas markets and which makes a market for those commodities on EnronOnline, has seen its share price fall by a third this week due to uncertainties about its extremely complex financial structure.
Those concerns have raised questions about the business model of EnronOnline, a platform on which Enron is the counterparty in all trades. Those concerns could eventually boost volume on neutral exchanges like TradeSpark.
"We continue to believe in the neutral platform that TradeSpark offers," Malcolm said.
TradeSpark LP was formed by eSpeed Inc. (ESPD), Cantor Fitzgerald (X.CFZ), Shell (RD) unit Coral Energy, Dominion (D), Koch Energy Trading Inc., TXU Corp.'s (TXU) TXU Energy unit and Williams Cos.' Williams Energy Marketing & Trading Co.
-By Andrew Dowell, Dow Jones Newswires; 201-938-4430; andrew.dowell@dowjones.com

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

Stocks Expected to Open Lower, Hurt By Weak Economic News

10/25/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

A Wall Street Journal Online News Roundup
Stocks are expected to open with losses Thursday, weighed down by disappointing U.S. economic news and the European Central Bank's decision to leave interest rates unchanged.
About an hour before the New York Stock Exchange opened, futures on the Standard & Poor's 500-stock index were sharply lower, suggesting that the Dow Jones Industrial Average will post a 94-point loss at the opening bell.
In one of a trio of negative economic reports, the Commerce Department said orders for durable goods, or products expected to last more than three years, tumbled 8.5% in September. That was a much steeper drop than the 0.9% decline forecast by economists surveyed by Thomson Global Markets.
Meanwhile, the Labor Department reported that the number of Americans filing new claims for state unemployment insurance rose to 504,000 for the week ended Oct. 20. That was more than the 500,000 jobless claims expected by economists.
The Labor Department also said that the employment-cost index rose 1% in the third quarter, slightly more than expected. The indicator measures changes in compensation costs, including wages and salaries, as well as costs for employee benefits.
Later, at 10 a.m. EDT, the National Association of Realtors is expected to say that 5.26 million existing homes were sold last month, down from the 5.5 million sold in August.
Prior to release of the economic news, S&P futures had pointed to a weaker opening on Wall Street, after the ECB left rates alone despite growing political pressure for another rate cut to help the stumbling European economy.
In addition to pouring over Thursday's economic reports, investors will spend much of the session sorting through a mountain of earnings reports, said Peter Cardillo, director of research at Westfalia Investments.
Among companies that announced quarterly earnings so far, Dow Chemical said third-quarter net income plunged 84%, hurt by weak demand, substantial price declines and a slew of charges mostly related to acquisition expenses and restructuring at Dow Corning.
Among other stocks to watch, Enron on Wednesday replaced its finance chief, Andrew Fastow, capping a tumultuous day in which the Houston powerhouse saw its stock price continue to fall sharply.
States suing Microsoft are hiring one of the nation's top trial lawyers, signaling they may seek a harsher antitrust remedy than the White House. Meanwhile, the software giant's Windows XP formally makes its debut Thursday.
In key overseas markets, stocks were mixed. London's Financial Times-Stock Exchange 100-Share Index was down 1.2% in intraday trading, while Frankfurt's DAX was 0.9% lower. Earlier in the day, Japan's Nikkei 225 average closed with a gain of 0.7%, and Hong Kong's Hang Seng Index rose 0.2%.
In Wednesday's session, Wall Street continued to shrug off disappointing earnings news, and focused instead on hopes that low interest rates and the government's economic-stimulus program will produce a recovery.
Technology issues saw much of the buying, with the Nasdaq Composite Index rising 27.10 points, or 1.6%, to 1731.54. The Dow industrials inched 5.54 points, or 0.1%, higher to close at 9345.62, despite substantial losses in two of its components, Eastman Kodak and AT&T, which issued weak outlooks.
In major U.S. market action Wednesday:
Major stock indexes advanced. But on the Big Board, where 1.34 billion shares traded, 1,374 stocks rose and 1,743 fell. On the Nasdaq, 1.89 billion shares changed hands.
Bonds gained. The 10-year Treasury note rose 13/32, or $4.0625 for each $1,000 invested. The yield, which moves inversely to price, fell to 4.588%. The 30-year bond was up 23/32 to yield 5.330%. Early Thursday, the 10-year note was up 10/32 to yield 4.553% while the long bond was 17/32 higher, yielding 5.303%.
The dollar was mixed. Late in New York, it traded at 122.87 yen, up from 122.68, while the euro rose against the dollar to 89.35 U.S. cents from 89.07. Early Thursday in New York, the dollar bought 123.17 yen and traded at 88.27 cents to the euro.
For continuously updated news from The Wall Street Journal, see WSJ.com at http://wsj.com.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased E
2001-10-25 12:07 (New York)

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Enron
Corp. Common Stock

NEW YORK, NY -- (INTERNET WIRE) -- 10/25/01 -- Kaplan Fox
(kaplanfox.com) has filed a class action against Enron Corp. and
certain of the Company's officers and directors in the United States
District Court for the Southern District of Texas.  The suit is
brought on behalf of all persons or entities who purchased the common
stock of Enron Corporation ("Enron") (NYSE: ENE) between January 18,
2000 and October 17, 2001, inclusive (the "Class Period").

The complaint charges Enron Corp. and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
The complaint alleges that during the Class Period, defendants
engaged in asset and securities sales to closely related affiliates
and interested parties, which disguised Enron's true financial
position.  Many of the details of these transactions were hidden from
the public.  Defendants used these asset sales to falsely improve
Enron's balance sheet, thereby maintaining Enron shares at an
artificially inflated price.  Certain Enron executives, who held
positions in the affiliates that presented clear conflicts of
interest, reaped millions of dollars in personal gains from these
transactions.

The complaint further alleges that during the Class Period, Defendants
made misleading statements regarding the potential value of Enron's
Broadband business, in order to artificially boost Enron's share
price.  With knowledge that Enron's Broadband business would never
post a profit and was seriously overvalued, Defendants continued to
make misleading statements about the Broadband business in order to
maintain the share price at its artificially inflated levels.
Defendants used the artificially inflated value of Enron's Broadband
business to hedge against, in order to gain millions of dollars in
financing.  Defendants failed to disclose the risk of these financing
arrangements.  Defendants hid the true nature of Enron's earnings,
its hedging, its businesses, and the correct state of Enron's
finances from its investors and the market, further artificially
inflating Enron's share price.  While the stock was artificially
inflated for the above reasons, Enron executives engaged in extensive
insider trading, gaining personal proceeds of approximately $482
million during the Class Period, before the public became aware of
the above practices.

Plaintiff seeks to recover damages on behalf of the Class and is
represented by Kaplan Fox & Kilsheimer LLP.  Our firm, with offices
in New York, San Francisco, Chicago and New Jersey has many years of
experience in prosecuting investor class actions and actions
involving financial fraud. For more information about Kaplan Fox &
Kilsheimer LLP, you may visit our website at www.kaplanfox.com

If you are a member of the Class, you may move the court no later than
December 21, 2001 to serve as a lead plaintiff for the Class.    In
order to serve as a lead plaintiff, you must meet certain legal
requirements.

If you have any questions about this Notice, the action, your rights,
or your interests, please e-mail us at mail@kaplanfox.com or contact:

Kaplan Fox & Kilsheimer LLP - 805 Third Avenue,  22nd Floor - New York,
NY 10022

Kaplan Fox & Kilsheimer LLP - 100 Pine Street, 26th Floor - San
Francisco, CA 94111

Contact: Frederic S. Fox, Esq., Kaplan Fox & Kilsheimer LLP
Phone: 800-290-1952
Fax: 212-687-7714
Email: mail@kaplanfox.com

    Date      October 25, 2001
    Time      07:00 AM - 08:00 AM
    Station   CNBC
    Location  Network
    Program   The Squawk Box

              Mark Haines, co-anchor:

              Joe Kernen, what's going on?

              Joe Kernen, co-anchor:

              We've got to shift gears into this Enron situation which
              has just been--you've been talking about it quite a bit,
              David--how could you not talk about it?  Seventy-six
              million shares yesterday, down fifty percent in the last
              two weeks.  This is a company with--what?--a hundred
              million in revenues.

              James Cramer, guest market commentator:

              Maybe.

              Kernen:  Yeah, right.  Anyone who does any trading in
              energy apparently, you know, uses Enron Online, so anything
              that destabilizes Enron to a great extent could destabilize
              the whole energy trading arena and...

              Cramer:  Go ahead, say it!  Say what you're thinking!  No
              one has said it yet.  We know the truth.  We believe that
              Enron caused a national short squeeze.  They knew every
              single number in this gas situation.  They wrecked the
              California utility system and profited from it.  That's my
              bet.  My bet that this--they had--look, they were the
              market maker.  Imagine if Instinet knew what you were going
              to be buying and took it ahead of you.  I think they
              cornered the market for electricity for about four months,
              made a huge fortune and now the company is unraveling and
              when someone--when the Justice Department gets in there
              we're going to discover this.

              Kernen:  Let's see what happened...

              Haines:  Now, wait a second...

              David Faber, co-anchor:

              Whoa, whoa, whoa!  The Justice Department, Jim?  Now, is
              that new?  Is that something--

              Cramer:  No, that would be, if I were a prosecutor,
              something...

              Faber:  OK, so they are not being investigated?

              Cramer:  Well, no, I'm actually being a little forward
              thinking.

              Kernen:  The SEC wants documents about the limited
              partnership transactions of Mr.--

              Faber:  Which is very different from what Jim is talking
              about.

              Cramer:  No, I'm saying that this is what, if I were an
              enterprising prosecutor, I would say, Did we have a
              nationwide short squeeze in electricity caused by one
              company that had access to all the screens and knew exactly
              what was happening with the electricity market which then
              wrecked the California utility system, cost the consumer
              billions of dollars, and is now being hushed up?

              Kernen:  Well, let's talk about the actual news.  Here's
              yesterday's trading--

              Haines:  Wait a minute.

              Kernen:  Well, I just want to say that the guy is gone now.
              That's the new news here.  Did you read--did you know that
              Fastow, after four--

              Faber:  Late yesterday.

              Kernen:  Yeah, after four o'clock, Fastow is gone.  What's
              interesting--

              Faber:  He's the CFO--

              Kernen:  But he's a new CFO.

              Faber:  --who benefitted personally from some of these
              off balance sheet partnerships.

              Cramer:  Mark, you know, I'm not on thin ice here, I'm not
              on thin ice.

              Haines:  I just want to make sure we understand that this
              is your theory.

              Cramer:  This is my theory.

              Haines:  OK.

              Cramer:  It is just a theory.  It is my opinion.  But I
              think we've got to find out more about that short squeeze
              that occurred.

              Haines:  OK.

              Cramer:  We need to find out whether it was orchestrated.

              Kernen:  The new CFO might help regain some credibility for
              the company because he was the old treasurer who left that
              position a year or so ago because of some disagreements
              with how Mr. Fastow was doing business apparently.  So now
              he's back as CFO and we'll whether that calms the market
              down.

              Faber:  Well, what they need to do-- Joe, they need to come
              clean.  I mean, that is what all the investors in Enron and
              those who've left the company as investors over this last
              week have wanted.  Let's see everything; be as transparent
              as you possibly can be; tell us exactly what we need to
              know.  And as much as they need to come clean with their
              investors, they need to come clean with their trading
              counterparties because that is really what people are
              concerned about.

              Kernen:  Why is the credit worthiness issue such a big
              deal?  Anyone who does trading with them, if their credit
              worthiness were to go--if their credit rating were to go
              down, how would that affect energy trading?

              Faber:  Well, you want to know that they're going to be
              there on the other side and make good on the trades.

              Kernen:  I guess you would, wouldn't you?

              Faber:  Right.  Not that they aren't, but why would you--if
              you can trade with seven other guys--seven other companies,
              maybe you cut back a little bit on your exposure there.

              Kernen:  Now, why would--

              Faber:  And that would hurt their core business.

              Kernen:  Why are people expecting some type of action from
              the credit agencies, not because of the stock price, right?
              Because of something that could unravel--

              Faber:  Because of something related to these liabilities
              they may have--

              Kernen:  That they don't know about at this point.

              Faber:  --that they may have with regard to funding some of
              these off balance sheet partnerships that they backstopped
              in terms of borrowing that went on at the project level at
              the off balance sheet partnership.  Will it be a liability?
              They don't know.  But that's one of the reasons--

              Kernen:  We're talking hundreds of millions or billions?

              Faber:  They don't know.

              Kernen:  But there were billions of dollars in limited
              partners?

              Faber:  Yes.  About three billion in financing, I think is
              what some analysts estimated.

              Kernen:  This is a pretty big number.

              Faber:  Yeah, they can get to most of that with the assets
              that they have in the partnerships themselves.

              Kernen:  I use a six month chart to show what's happened
              over the last two weeks.  You got to look at here.  But if
              we went back a year, you'd see eighty as far as the high
              for Enron.  Now we're at sixteen.

              Faber:  Everybody else took a hit yesterday.  Dynegy got
              hurt.

              Kernen:  Well, I got Dynegy next.  Don't--  Here we go.

              Faber:  I'm sorry.  I'm getting a little excited.

              Kernen:  You are.

              Faber:  Enthusiastic about your charts.

              Kernen:  There's a weekly chart of Dynegy, and you know
              what's coming next, don't you?  Now I'm worried about the
              utility average.  I've worried about the transportation
              average a lot in my career.  Mark, now the utilities have
              replaced my worries.  I'm angst-ridden.  Did you see this
              chart?  We're breaking below the--

              Cramer:  That's a positive, not a negative, Joe.

              Kernen:  What's wrong with Cramer today?  What happened?

              Cramer:  I'm all fired up!

              Faber:  He really is.  My, God, he's got the DOJ getting
              all crazy, the FBI, the CIA.  You going down to En--you
              going down to Houston yourself?

              Cramer:  I may just have to.  I may have to clean up that
              whole city.

              Kernen:  Jim, why would the--that's the--now getting down
              to the lows, I mean, the other averages have come back
              quite a bit from the post-attack lows, the utilities are
              retesting those.  That's not something to worry about?

              Cramer:  No, because I think there's a lot of money going
              into more cyclical issues.  I think the economy is showing
              signs of getting better.  The consumer is certainly much
              stronger than we thought.  The base book didn't say the
              corporate was strong, but the consumer is strong.  Much
              stronger than before.

              Kernen:  All right.  In the past people have worried about
              the utility averages being a leading indicator, though.  I
              don't--we're talking about four hundred to two-ninety at
              this point.  That's a long way.

              Cramer:  This average has got a lot of problems to it, but
              I still think that--

              Kernen:  It's no longer the--

              Cramer:  --you sell this as safety.  We don't want safety
              as much as we want a little bit more reciprocality.

                        # # #


See the new versions of the netting agreement forms below.  All that has been done is to move the Force Majeure concept to paragraph 2(a) from 14(b).  This allows the daily limit concept to stand in the UMAs, but it won't elevate to a default under the master netting arrangements.  In certain instances if you want to "kill" the day limitation completely in the underlying agreement, you can always use the previous 14(b) language from the emailed docs earlier today.    The docs remain at v1 (version 1).

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Bernardo is inquiring about this master.  There is nothing current in Lotus
Notes.  Paul, I think we spoke about this but I can't recall.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/06/2000 03:04 PM -----

	Bernardo Andrews@ENRON
	08/08/2000 01:41 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Perez Companc ISDA

---------------------- Forwarded by Bernardo Andrews/SA/Enron on 08/08/2000
03:44 PM ---------------------------

Infantino Federico <FINFANTI@pecom.com.ar> on 06/21/2000 02:04:07 PM
To: "'Bernardo.andrews@enron.com'" <Bernardo.andrews@enron.com>,
"'rodolfo.freyre@enron.com'" <rodolfo.freyre@enron.com>
cc:
Subject: Perez Companc ISDA

Rodolfo/Bernardo,

Aca les mando el Schedule y el Credit Support Annex del ISDA que tenemos
armado para Perez Companc.
Estamos en contacto para analizar que otras exposiciones podemos cubrir
adem?s de las de crudo.
Saludos,

Federico.

>  <<CSANNEX.DOC>>  <<SCHEDULEPC.DOC>>
>
 - CSANNEX.DOC
 - SCHEDULEPC.DOC


Executive Summary

? The likely outcome of the 16 May elections is a victory by the BC Liberal
Party (currently holding polls at 70%), a pro-business, right-of-center party
led by Gordon Campbell.
? Major changes in British Columbia energy policy are likely under a Liberal
government.
? A low snow pack, a return to regulation by the BC Utilities Commission and
public concern about outstanding debts owed by US power consumers could force
BC Hydro to stop out-of-province power sales once existing contracts expire
? BC Hydro,s additional generation at Williston is likely undeliverable

Liberal Party Platform

? Income tax cut that would make BC,s income tax the lowest in Canada
? Independent audit of the province,s books amid allegations of NDP
mismanagement and incompetence
? Review of all Crown corporations (including BC Hydro) to enhance efficiency
and management quality
? Campbell has also said that he wants to scrap the Corporate Capital Tax,
the Machinery Equipment Tax and the Corporate Income Tax.

Energy Agenda

According to sources, under the Liberal party's rule, significant changes in
the BC government's energy policy could include a move toward the
privatization of some BC Hydro assets, perhaps including its transmission
assets, as well as increased government support for independent power
producers and coal-fired production.  At the same time, a rate review and
attempts to establish a broad electricity strategy for the province could
lead to a lack of clarity about the province,s overall energy strategy over
the next few years.  Campbell reportedly is a proponent of deregulation and
of expanding coal-fired production.  Campbell calls thermal coal, &an asset
that we want to be able to move forward with and to encourage once again in
BC.8  A high-ranking NDP source believes that Campbell will take the province
back along the path of natural resources extraction rather than promoting new
technology.  The source expects this to lead to strong protests from
environmentalists.  &These are confrontational moves, and people will be on
the streets.8

Campbell's most likely choice for energy minister is Richard Neufeldt, though
we caution that this decision depends on the make-up of the legislature after
the election.  Neufeldt is responsible for the Liberal Party,s energy, mining
and northern development portfolio.  Sources speculate that if right-wing
Liberals are dissatisfied with the party,s performance after the May
election, Neufeldt could again defect to the Opposition.  However, this gives
Campbell even greater incentive to name Neufeldt energy minister, a
high-profile position.

Should the Liberals win the election, Gordon Campbell has indicated that he
would return BC Hydro to regulation by the BC Utilities Commission.  The BC
government has derived $5.5 billion in revenue from BC Hydro since 1991
(roughly 85 percent of its profit).  Critics say this has undermined the
utility,s ability to pay down approximately $7.5 billion in debt and invest
in the future. This also has left Hydro without a rate stabilization fund,
something that sources feel may be needed this year.  Campbell reportedly
intends to address these issues, and one can expect this to lead to calls for
change.

Electricity Export Policy

Currently the BC Utilities Commission is demanding more information about BC
Hydro,s out-of-province sales.  The Commission has warned that, given the low
snow pack, the utility could be a net importer of power this year. Supporting
this view, the Northwest Power Planning Council, representing BC Hydro,s key
trading partners in the US, has said that it would not be able to rely upon
British Columbia or Alberta during peak consumption periods over the next few
years, and that its customers face a 25 percent chance of not making it
through the winter without power losses.  The combination of a low snow pack,
a return to regulation by the BC Utilities Commission and public concern
about outstanding debts owed to BC Hydro by US consumers may force BC Hydro
to stop out-of-province power sales once existing contracts expire.

BC Hydro Privatization

A key campaign energy issue for the Liberal party is the privatization of BC
Hydro.  Campbell has urged greater electricity competition, saying, &We need
to ensure the transmission infrastructure is available to all, producers and
consumers, on an equal and non-discriminatory basis.8 He stated that
independent power producers have been discouraged at every turn. &I want to
change that big time,8 he told the Canadian Institute of Energy.  Campbell
also urged more natural gas development, including pipelines and
co-generation plants.

Campbell backtracked on this stance last week after being challenged by NDP
leader Ujjal Dosanjh.  Campbell stated on 25 April, &We have no intention of
selling BC Hydro; we have no intentions of selling their transmission lines,
no intention of selling their dams, we have no intention of selling their
reservoirs.8  Liberal Party spokesman Mike Morton also reiterated on 29 April
that BC Hydro would not be for sale.  A high-level NDP source commented that
Campbell has been extremely careful in his choice of words regarding BC
Hydro, essentially saying that he would not privatize the dams, transmission
lines or generating stations, but that he is in favor of opening the sector
up to competition.

However, local sources believe that some parts of BC Hydro might be sold as
part of an overall review of BC Crown Corporations to enhance efficiency.
Likely sale prospects include BC Hydro,s distribution channels and its energy
trading subsidiary, Powerex.  In addition, Gary Farrell-Collins, the Liberal
finance spokesperson and possible second choice for energy minister (after
Neufeldt), has stated that public ownership of BC Hydro,s non-core
businesses, such as Westech, its systems division, and customer billing,
could come under review.

BC Hydro Williston Generation

Current reservoirs levels at BC Hydro,s Williston hydro-generation facility
are at 2,150ft, which allows BC Hydro to drop levels another 35 ft (170
Gwhs/ft) under their current permit.  The one drawback to this plan,s
additional generation involves the Mackenzie pulp mill that would have to
cease operation if water levels were to fall below 2,140ft.  Sources close to
the Minister of Mines & Energy - elect, Richard Neufeldt, indicate that
levels at Williston probably will not be drawn down below Mackenzie,s
operational limits due to concern over political backlash.


---------------------- Forwarded by Catherine Clark/HOU/ECT on 09/29/2000
09:22 AM ---------------------------

	Enron Global Finance

	From:  Catherine Clark                           09/28/2000 05:40 PM

To: Jonathan McKay/CAL/ECT@ECT, John Griffith/Corp/Enron@Enron,
jeffrey.w.dellapina@chase.com
cc: Soma Ghosh/HOU/ECT@ECT, Brian Kerrigan/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
Subject: RBC volumes

Jon: I'm attaching RBC's volumes (in GJs) for swap 1 with Enron Canada.  Same
fixed price of $5.983 as in the TD swap.

Jeff:  just like the previous e-mail, can you size up the fixed price for the
swap between ENA and Chase to reflect your spread on the attached volumes?

John:  you can use the attached volumes, but at the price you get from Jeff
(which you will pass on to Enron Canada in our internal swap).

Please call me with any questions.  Thanks,
-Catherine
(713) 853-9943
---------------------- Forwarded by Catherine Clark/HOU/ECT on 09/28/2000
05:35 PM ---------------------------

"Hirasawa, Tim" <tim.hirasawa@rbcds.com> on 09/28/2000 05:06:02 PM
To: "Hirasawa, Tim" <tim.hirasawa@rbcds.com>, "Fleming, Blair"
<BLAIR.FLEMING@ROYALBANK.COM>, "'Brian.Kerrigan@enron.com'"
<Brian.Kerrigan@enron.com>, "'soma.ghosh@enron.com'" <soma.ghosh@enron.com>,
"'catherine.clark@enron.com'" <catherine.clark@enron.com>
cc: "Aloisio, John" <john.aloisio@rbcds.com>, "Kassis, Maher"
<maher.kassis@rbcds.com>, "'jonathan.mckay@enron.com'"
<jonathan.mckay@enron.com>, "'chris.lambie@enron.com'"
<chris.lambie@enron.com>
Subject: RE: Commodity Swap Volumes

FINAL SWAP VOLUMES <<Gas Swap Calc 2.xls>>

 - Gas Swap Calc 2.xls


Attached please find the proposed credit terms for the EPMI Master Power
Purchase and Sale Agreement and the ENA Enfolio Agreements.  Kay Mann and
Reagan Rorschach are currently working on closing an Energy Management
Services Agreement and these additional documents are an intergral part of
the management agmt.  We anticipate closing by the end of the month, so
please place these contracts on your list of "high" priorities.  Comments or
questions, please call.

Ed Sacks
x5-7712


Why would you ask a question out of the blue?

From: Suzanne Adams@ECT on 06/06/2001 03:45 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: New York Hotel

Now, would I ask a question if I already knew the answer??????????

	Kay Mann@ENRON
	06/06/2001 03:37 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: New York Hotel

When you ask a question you usually have heard a rumor.  What did you hear?

From: Suzanne Adams@ECT on 06/06/2001 03:35 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: New York Hotel

The New York Hilton sounds good and the location is good.  We are paying for
this, so we don't want to spend a fortune.  I also emailed Nellie in
Klauberg's office to see if she had any recommendations/connections.  You
know I do make sure his bills get paid!!!!!!!

Are you going to be doing business on your vacation days because if you are,
I'm not going to charge you.  I just don't think that's right.  Have you guys
had any new additions to your group?

	Kay Mann@ENRON
	06/06/2001 03:30 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: sheila.tweed@enron.com@ECT, dan.lyons@enron.com@ECT
		 Subject: Re: New York Hotel

Never stayed there.  My current favorite is the Omni, which is in one of may
favorite locations. It has a little deli like shop across the street, where I
can buy reasonably priced bagels, cokes, etc.  Last year I also stayed at the
Marriott Marquis (BIG, right on Times Square) and the Mark (too snooty).  I
stayed two other places I didn't like, but the names escape me.

I've seen some other smaller hotels which look nice, and if I check a map I
might remember the names.

Kay

From: Suzanne Adams@ECT on 06/06/2001 12:37 PM
To: sheila.tweed@enron.com, dan.lyons@enron.com, kay.mann@enron.com
cc:

Subject: New York Hotel

What do you guys know about the Mayflower.  We are looking for a hotel in New
York at Christmas.
----- Forwarded by Suzanne Adams/HOU/ECT on 06/06/2001 12:36 PM -----

	"Doherty, Ric" <Ric.Doherty@COMPAQ.com>
	06/06/2001 12:33 PM

		 To: "Suzanne Adams Doherty (E-mail)" <Suzanne.Adams@enron.com>
		 cc:
		 Subject: New York Hotel

Do any of your people know anything about this place....it is where Pam and
Scott stayed and really liked it...recommended by Brysch

http://www.mayflowerhotel.com/welcome.htm

Thanks,

Ric Doherty
(281) 514-7624 - office
(800) 920-8171 - pager
ric.doherty@compaq.com
ricdoherty@att.net


Dear Kenneth:

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To be removed from receiving periodic updates on available candidates, respond to this email with the word "Remove" in the subject field. You are currently registered under the following email address: klay@enron.com


Jeff,

My name is Samuel Pak, and I'm an Analyst in the A/A program.  I will also be riding the MS150 with you and the Team this weekend.  As I did last year, I am writing an article on the MS150 for the Encounter.  As such, I was hoping that maybe we could chat a few minutes at lunch in Bellville or at dinner in La Grange.  If this is OK with you, I will find you and introduce myself, and we can go from there.

Much Thanks!
Sam.

======================================
Samuel Pak
Enron Broadband Services
713-345-4485 (office)
713-416-5946 (cell)
713-646-5745 (fax)
samuel_pak@enron.net


We have finally received comments on the ISDA from the referenced
counterparty.  I have sent copies to each of you.  There were substantial
comments to the guaranty so I have sent a copy of the guaranty along with the
comments to Clem.

Clem,  congrats on that trophy!


Ben:
Jeff Shankman gave me your name.  I have assumed Jeff's old responsibilities
as head of the natural gas derivatives trading group.  Our broker, EDF MAN,
supplies us with $50 million of margin financing every night.  They are
trying to clean up their books for end of quarter and/or year on Sep 30.
They have asked if we can post the $50 million overnight on the 30th.  We did
this last year as well.   Please advise,
John


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/26/2001
10:50 AM ---------------------------

"Btu" <subs@Btu.net> on 02/23/2001 04:31:00 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp022601.pdf


----- Original Message -----
From: "Shmuel Oren" <oren@ieor.berkeley.edu>
To: <Jeff.Dasovich@enron.com>
Sent: Tuesday, February 13, 2001 10:18 AM
Subject: IEEE Summer meeting

>
> Dear Jeff
> I am Organizing a Panel at the IEEE Summer Meeting in Vancouver July 15-19
> on the California electricity crisis: cause, remedies and prevention. The
> idea is to have different perspectives e.g. operations, market power,
demand
> side response, supply, regulatory etc. I would like to invite you to take
> part in this panel. As someone that was intimately involved in the
> restructuring you could provide an invaluable regulatory and political
> perspective on how did we get into this and how can we get out. At this
> point I have commitments from Fluckiger of the CAISO, Ed Kahn, Ward
Uggerud
> CEO of Otter Tail Power Company, Gary Ackermann, Executive
Director-Western
> Power Trading Forum and I am waiting for a commitment from Vikram Budraja.
>
> Regard, Shmuel Oren
>


Please recall the following GSS capacity effective 1/1/2001 - 1/31/2001.

VNG    ENA
Releasing   Replacement
Contract Offer  Contract
300008  15005  530912

300107  15006  530913

Call me at 713-853-4743 if you have any questions.


Fixing the PG&E topock curve to Socal less .25 would only allocate more
positive income to the transport.  The position at topock is short.  I am not
sure if this is the problem from Friday.  Let's get together in the morning.
Thanks for the email.

Sincerely,
Mike


In response to your VM.  I am fine with the $1MM gty only covering financial
transactions with ENA.  Thks


Just a reminder:

Please update your entries in the Finance/Transaction Group Status Report.
Please
 check for dates that are not current.
 note where transactions have closed and the closing date.
 remove transactions or projects that are no longer current.
 include outside counsel and an approximate dollar amount for the transaction
where    appropriate.

Please give your changes to Carolyn George .

If you have already given your changes, thanks!

Houston attorneys will receive hard copy.  Current report is attached for
Portland, Canada.

Kay C. Young
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com


Since I will be leaving tomorrow, it might make sense to put reviewing this
towards the top of your list so I can approve it in the computer before I
leave.
----- Forwarded by Mark Taylor/HOU/ECT on 09/19/2000 10:37 AM -----

	Dale Neuner
	09/19/2000 10:06 AM

		 To: Lynn Aven/NA/Enron@Enron, Jeff Blumenthal/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Matthew Adams/Corp/Enron@ENRON,
Brent Hendry/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Bradley Diebner/HOU/ECT@ECT, Martha Stevens/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT
		 cc: Torrey Moorer/HOU/ECT@ECT, Frank Davis, Stephanie Sever/HOU/ECT@ECT,
Patrick Hansen/SA/Enron@Enron, Jennifer deBoisblanc Denny/HOU/ECT@ECT
		 Subject: Product Type Approval - Argentina Phy Gas

This is a follow-up to my e-mail of August 29th. Please go into the
DataManager and offer your electronic approvals on the above referenced
Product Type. I have enclosed a sample description for your reference.

Dale
3-9746