Did you see Peggy Noonan's article?  Shapiro and I are getting misty eyed.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/08/2000 12:53
PM ---------------------------

"Painter, Sally"
<SPainter@fontheiminternational.com>@fontheiminternational.com> on 08/08/2000
10:45:04 AM
Sent by: "Russell, Rhonda" <RRussell@fontheiminternational.com>
To: "'Adhoc Advisors'" <Rhonda_Roo_00@yahoo.com>
cc:
Subject: More great press!

> Great Press on Lieberman.  See below.
>
>
> http://opinionjournal.com/columnists/pnoonan/
> A 1960 Moment
> Al Gore's selection of Joe Lieberman gives Democrats--and everyone
> else--something to cheer about.
> BY PEGGY NOONAN
> Monday August 7, 2000 4:26 p.m. EDT
> The choice of Joe Lieberman of Connecticut as Al Gore's running mate is so
> smart, so clever, so good, so satisfying, so striking that it just may
> turn
> this election a bit on its head for a while. Certainly its most immediate
> effect is going to be a successful Democratic convention next week in Los
> Angeles, because now the Democrats, badly hit by their own form of Clinton
> fatigue and acutely aware of the particular charmlessness of their
> presidential candidate, have something to cheer about. They respect Joe
> Lieberman. They think he has a center, a moral and ethical view of the
> world. He is experienced and articulate. He is decent and intelligent. He
> is
> independent. The media love him. He is a regular co-star on Imus, and all
> of
> the columnists and reporters for the elite newspapers, and all of the
> electronic pundits and anchors, know him and admire him.
> But that is not what is most wonderful. What is most wonderful is that he
> is
> an Orthodox Jew. What does this mean? It means a lot of people who love
> America more than they love parties or politics are happy that a big and
> great breakthrough has occurred. A friend, a journalist who is politically
> conservative and Jewish, e-mailed me to tell me he had been weeping all
> morning, that he'd cried when he heard the news. Another friend, a
> producer at a TV news show, called and told me she woke her father in
> California to give him the news and they both got choked up. "This is like
> 1960," she said, and I said I know, and I got choked up. It is wonderful
> when America is at her most American, and breaks down another barrier and
> says "What's in your heart is most important."
> If Joe Lieberman had been Joe Lee, and an Episcopalian, Al Gore would have
> been smart to pick him. He would have been an obvious choice. The only
> reason he would have hesitated over Mr. Lieberman is that he's Jewish. Mr.
> Gore decided that was just fine. I think that I have never seen Al Gore do
> such an elegant, intelligent and original thing. Well done, Mr. Gore.
> I have to tell you, this really does feel like a 1960 moment to me. I was
> a
> little girl when a Catholic got chosen to run for president, and I had
> gathered from the conversation of grownups that You Don't Elect Catholics
> to the Presidency. When it happened, it's hard to describe how exciting
> and
> moving and idealism-inspiring it was. It gave a lot of people a lot of
> joy.
> It opened things up more. That was a good thing. So is this.
> And because this is such a good thing, I hope everyone of whatever
> politics
> or persuasion sits back for a few days and feels good about it. Everyone
> should be nice and not do any political bashing until . . . Friday.
> However, I think it's okay and maybe even helpful to note the following.
> Network producers are going to decide, in their bright and touchingly
> uninformed minds, that the big opponents of the Lieberman choice will be
> Christian conservatives. That's where they'll go for the negative sound
> bites. But Christian conservatives love Joe Lieberman. They've been arm in
> arm with him in the great cultural battles of the past decade. He was just
> about the only Democrat who'd give them the time of day. He was on their
> side.
> The last time I saw Mr. Lieberman was last spring, in New York, at a
> symposium on Hollywood and the culture. I moderated and introduced our
> guests--Joe Lieberman and Bill Bennett, who are close friends and
> co-warriors in the values battle. Lieberman and Bennett very frankly
> talked
> to the audience of producers and writers and network people and movie
> stars about how to make television and film and music more decent, more
> helpful.
> This is how people on the right think of and have experienced Mr.
> Lieberman--as a good guy with his head screwed on right.
> Many conservative Christians--I think most conservative Christians--see
> all
> of those who love God as part of the same "cultural minority."
> Conservative
> Christians don't feel they have much in common, in terms of their
> political
> desires, with atheists and agnostics and leftist Episcopalian bishops and
> such. But they think they have a great deal in common with Orthodox Jews.
> They crowd around Rabbi Daniel Lapin when he speaks at a conservative
> gathering; they crowd around Dennis Prager, Michael Medved, David Horowitz
> and scores of others. One of the biggest heroes of conservative Christians
> is an Orthodox Jew called Dr. Laura; the last time I saw her she was
> wowing them at a born-again Christian assembly at the National Prayer
> Breakfast last February.
> A powerful and respected political officeholder told me Monday that
> there's
> "no upside" to the Lieberman choice. I told him there's no downside. He
> was surprised and said, "He can't even campaign on Saturdays!" I said so
> what, America would love to see a politician who actually put God first
> one day a week.
> I wish I'd added this: Remember Sandy Koufax? Joe Lieberman not
> campaigning on Saturday is Sandy Koufax not pitching on Yom Kippur. There
> were a lot of great sports moments in the 1950s and 1960s, but none
> greater than the day in 1965 when Mr. Koufax put God before the World
> Series. What a great guy, what a lesson for a generation of Christian and
> Jewish kids. And Muslims and everyone else too.
> Yes, it's good news for Hillary. It's great news for Hillary. It enlivens
> part of her New York base, it says to New York Jews that the Democrats are
> the party that did this great thing, it excites people--and may help them
> forget, or at least not remember so vividly, that the Democratic
> senatorial
> candidate has, shall we say, a not fully satisfying relationship with New
> York's Jews. A historic choice like the Mr. Lieberman can overwhelm a lot
> of
> previous bad static.
> But let's not care about that for now. The headline is not "Is It Good for
> Hillary?" The headline is: "It Is Good for America." It is a wonderful
> country that does something like this, that takes a good man who is a
> member of a small ethnic/religious minority to be one of its two major
> vice
> presidential candidates, and that greets that choice with resounding
> hurrahs.
> This is really a great day. We should all be happy. We really are a
> maturing
> democracy.


Attached is my cut at a closing checklist with timetables for distributing
documents.  Please review and edit it appropriately.  In particular, please
ensure that everything is addressed, including any additional items required
under the Letter Agreement.  In general, there are two deadlines -- Friday
for the form of Escrow Agreement (base it on the prior version, form of
Guaranty (although the Buyer may want their own unique terms, we can at least
present them with a form to expedite this process and ensure that our issues
are properly addressed), and forms of promissory note (although the Buyer
will want their own unique terms, we can at least present them with a form to
expedite this process) so that once one Buyer is indentified then we can
distribute those documents to them on Monday morning.  Then the other
documents necessary for the transaction such as the transmittal letters and
forms of membership certificates so that we can distribute those on Tuesday.
The targeted execution dates that I have are Friday for the Letter Agreement
and next Monday for the Closing.  Thanks and please call me with any
questions.


Call Chris at you convience about EES/CES.


Dan:

Can you handle this for Mark?  I have taken a quick run through and one thing
that I know will cause us problems is the posting of a bond.

Thanks,

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 02/15/2001 08:45 AM -----

	Mark Breese
	02/09/2001 10:54 AM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc:
		 Subject: PEAK 2001A RFP

February 5, 2001

Mr. Phil DeMoes
ENRON

Subject:   The Public Energy Authority of Kentucky
             2001 Long-term Gas Supply Acquisition Proposal

Dear Mr. DeMoes:

The Public Energy Authority of Kentucky ("PEAK") is a non-profit Joint
Action Agency created under the statutes of the Commonwealth of Kentucky to
provide natural gas supply and associated services to municipal gas systems.
PEAK is requesting proposals from natural gas suppliers for the purpose of
meeting its natural gas supply obligation to existing and new Members.
Using the proceeds of its Series 2001 A Taxable Bonds, PEAK will make a
one-time advance payment to the Supplier, for a supply of natural gas for
delivery at Texas Gas Transmission Zone SL and Tennessee Gas Pipeline Zone 1
for specific daily quantities totaling between 34,000 and 53,000 MMBtu over
a ten-year period (approximately 160Bcf).

Please find the attached detailed information regarding the proposed
transaction to assist with your evaluation.  Specifically, the enclosures
include the following:

1. Term Sheet and Request for Proposal
2. Natural Gas Purchase and Sale Agreement ("GPA") between PEAK and the
Supplier
3. Summary of Daily/Monthly Volumes
4. Spreadsheets indicating the Prepay Calculation

PEAK requests a written response via regular mail, courier service or
electronic response by close of business Friday, February 23, 2001.
Responses should be submitted to:

  Public Energy Authority of Kentucky
  Attn: Gerald Ballinger, President and General Manager
  516 Highland Avenue
  P.O. Box 299
  Carrollton, Kentucky 41008
  Phone:  502-732-0991
  Fax: 502-732-8777
  E-mail: ballinger.peak@mindspring.com

If you have any questions regarding this information, please call or e-mail
as noted above.  PEAK greatly appreciates your interest in this Project and
very much looks forward to your response.

Sincerely,

Gerald L. Ballinger
President & General Manager
 <<PEAK2001 1-18 10yr for RFP.xls>>           <<PEAK2000 GPA
10-23-2000.PDF>>        <<PEAK2001 Term Sheet and RFP.doc>>

Judy Radel, Administrative Assistant
Denver Public Finance Department
Banc of America Securities LLC
1-800-861-4506 or (720) 932-1380
(720) 932-1386 (fax)
CO1-001-01-01

 - PEAK2001 1-18 10yr for RFP.xls
 - PEAK2000 GPA 10-23-2000.PDF
 - PEAK2001 Term Sheet and RFP.doc


Lyn:

Please order for me one Palm pilot Vx  including docking cradle (that's the
Palm V with 8MB of ram).
Company Number is: 0011
RC is: 100038

Thanks,
Grant Masson
V.P. Research
EB 1966
x34768


On 5/17/00, FERC issued an order accepting Entergy's pro forma
interconnection agreement ("IA") and procedures subject to modification.  As
I mentioned earlier, Entergy had adopted some of Enron's suggestion (in
Enron's comments), including limiting emergencies to not include Entergy's
loss of generation.

All transmission must be separately arranged through OASIS -- it is not
included with an interconnection request.
Entergy's interconnection policy will apply to generators that will serve
wholesale, as well as unbundled retail.
Dismisses EPSA's call for a "model" and approves Entergy's pro forma
interconnection agreement, subject to modification.
Agreed with Enron that billing disputes should be placed in escrow, not paid
to Entergy subject to refund (FERC said that the IA should conform to other
aspects of the Order No. 888 tariff--for example, Entergy and customer are
responsible for their own negligence).
Holds that all other terms of the Order No. 888 pro forma tariff apply to the
IA, even if  the IA does not repeat all those provisions.
Clarifies Tenn. Power case that if a generator connects first and another
generator subsequently connects in the same local area and the grid cannot
accommodate "receipt" of power without expansion, the new generator must pay
costs of expansion.
Entergy is required to revise IA to make distinction as to which provisions
are pure "interconnection" and which are applicable when
transmission/delivery is also requested (on OASIS).
Entergy is required to attempt to complete the interconnection studies in a
specific timeline (60 days for 1st iteration --system impact), and to provide
a statement that Entergy will notify applicant of any delay with an
explanation for the delay (Entergy had included no timelines).
If applicant and Entergy cannot agree on IA terms, Entergy must file the
unexecuted agreement at FERC for FERC to decide.
FERC will not initiate a "generic" proceeding at this time, but encourages
all transmission providers to file procedures at FERC.
Approves Entergy's credits for "optional" upgrades (required to transport
power away from the plant), but requires Entergy to file an explanation of
how the credits work.
Entergy will only include prior queued interconnection requests in subsequent
studies once they have signed an interconnection agreement (to show more
intent to actually complete the project).  This does not mean that failure to
execute an IA results in removal from the queue, just that the generator may
be subject to different actual interconnection costs when it connects.  This
is a risk that FERC says is inherent in interconnection.  Entergy will also
post its queue on OASIS.
Reactive power must only be supplied when generator is operating.
Entergy cannot keep the initial $10,000 deposit, unless actual costs are
$10,000 or greater (generator must pay actual costs of studies).
Per Enron's comments, Entergy must pay for energy taken during an emergency
(or explain why that is inappropriate).
Per Enron's comments, Entergy must explain the requirement that the generator
pays for subsequent changes to Entergy's transmission system.

Entergy must submit a compliance tariff within 30 days.  Let me know if you
would like a copy of the order.


This request has been pending your approval for  5 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000076650&Page=Approval to review and act upon this request.

Request ID          : 000000000076650
Request Create Date : 11/19/01 2:40:19 PM
Requested For       : punit.rawal@enron.com
Resource Name       : Market Data Kobra Basic Energy
Resource Type       : Applications


Please open the attached file to read the complete text of the following
items:

08:36AM EDT  8-OCT-01 BERNSTEIN (SACCONAGHI, TONI) SUN
SUNW: MARKET`S REACTION TO PRE-ANNOUNCEMENT IS SURPRISING

08:26AM EDT  8-OCT-01 MERRILL LYNCH (T.KRAEMER) SUNW
SUN MICROSYSTEMS:UGLY, BUT NO BIG SURPRISE

00:54AM EDT  5-OCT-01 ROBERTSON STEPHENS (ROTHDEUTSCH, ERIC) DELL CPQ
GTW CPQ.N
DELL: COMPANY CONFIRMS GUIDANCE

02:53PM EDT  4-OCT-01 BEAR STEARNS (J. NEFF/HAND/BOBBA) DELL IBM
DELL: UPHOLDS 3Q REVENUE AND EPS GUIDANCE

01:58PM EDT  5-OCT-01 LEHMAN BROTHERS (NILES, DANIEL) GTW
GATEWAY INC: SEPT. 11 NEG ON GOV/EDU SALES; EXP Q4 PFTS

 <<10.08.01 Analyst Reports.doc>>
The analyst reports provided are reports prepared by independent
analysts who monitor and track Compaq's performance.  These reports are
not prepared by or at the direction of Compaq and as a result, Compaq is
not endorsing or verifying the information contained in these reports or
endorsing any of these analysts.   These reports are being provided
solely for business reasons and as a result, do not distribute these
reports to other individuals outside of Compaq.  If other individuals
are interested in receiving the reports provided herein, please contact
Leslie Moore in Compaq's Investor Relations Department at
leslie.moore@compaq.com.

Leslie K. Moore
Compaq Computer Corporation
Investor Relations - Financial Analyst
Phone:  281-927-8287
Fax: 281-514-2656

 - 10.08.01 Analyst Reports.doc


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Good Morning,

Attached, please find the latest issue of our Independent Power Weekly.

 <<IPW062501a.pdf>>  <<ROIC_Under_FERC.xls>>

Summary:
1. IPPs Fall 10.4%   Last week our IPP composite fell 10.4%, underperforming
both the NASDAQ (+0.3%) and the S&P 500 (+0.9%).  International Power was
the strongest performer in the group, rising 1.7%.  Shaw Group was the
weakest performer, falling 18.1%.

2. Same Old Story--Politics   Last week's lackluster stock price performance
reflected lingering political and regulatory uncertainties.  These concerns
were heightened by the FERC's latest order issued on Monday (6/18), calling
for expanded price controls in the Western markets.  In addition, the
subject of retroactive refunds received renewed attention.

3 The Litmus Test: Impact on Forward Earnings, Returns and Growth Rates   In
our view, the market's litmus test for evaluating these stories must focus
on whether any event has taken place that negatively impacts forward
earnings, returns or growth rates for the sector.  Our analysis of recent
events points to an unchanged forward earnings profile for the sector.  On
that basis, we regard the recent stock price activity as irrational.

4. Significant ROIC Possible Under FERC Plan   Under a best case scenario,
assuming power prices remain at their maximum allowable levels under a power
emergency, we estimate that a new combined cycle natural gas-fired power
plant can earn up to a 68% ROIC.  Under a more likely scenario, assuming
average power prices approximate 60% of the maximum allowable level, such a
plant could earn a 25% ROIC.  Importantly, 2-3 years ago, power plant
developers were predicating their investment decisions on a targeted 12%
ROIC.  We have attached a spreadsheet containing our analysis.
5. FERC Settlement Conference Begins Today   Today a FERC hosted settlement
conference will begin, bringing together California power generators and
utilities.  The goal will be to get the parties to arrive at an agreement on
this issue of refunds and the repayment of past receivables.  While the
possibility of retroactive refunds presents some uncertainties for the
IPP's, we believe closure on this issue could be imminent.  The settlement
conference may bring some resolution to the situation.  Regardless, if no
agreement is reached, FERC will issue a final decision on this matter.
6. RRI Analyst Meeting on Tuesday   On Tuesday (6/26), Reliant Resources
will host its first major analyst meeting since its April 2001 IPO.  At the
meeting we expect management to clarify its longer-term exposure to FERC's
expanded price controls.
7. CSFB Hosting Lunch With UK Chief Regulator on Friday   On Friday (6/29)
at noon, CSFB will be hosting a luncheon with Callum McCarthy, Chief
Executive of the UK Office of Gas and Electricity Markets (OFGEM).  In his
position, McCarthy serves as the chief power and gas regulator in the UK.
The luncheon will take place at our offices at 11 Madison Avenue on the 27th
floor.  Please contact us if you would like to attend.

Regards,

Neil Stein   212/325-4217
Bryan Sifert   212/325-3906

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

 - IPW062501a.pdf
 - ROIC_Under_FERC.xls


Jeff / John,

We have drafted a note relating to the business operations of Enron Metals Limited (EML). As you know we have been particularly concerned about watching our cash position and thought that it would be of benefit for you to understand the unique situation that EML has from a regulatory standpoint. After your review, we would be happy to set up a meeting to discuss. If you concur with the actions suggested, please advise.  If there is any balance sheet, debtor/creditor or cash forecast information that you require, please let us know.

Drew Lynch, Kevin Heffron, Jonathan Marsh, and Joe Gold

Introduction

Enron Metals Limited  (EML) maintains a unique position within Enron Corp.  EML is one of Enron's two businesses regulated by the UK Financial Services Authority (FSA - the UK financial regulator) and Enron's only remaining brokerage business.  Given its special status, EML has responsibilities to its clients that are codified and enforced by the rules of the FSA and the LME (metals exchange) of which it is a member.  As a result of this regulatory oversight, there are several differences between EML and Enron's other businesses:
1)	EML must conduct its business in compliance with prescriptive regulatory rules relating, among other areas to capital adequacy and conduct of business. Failure to comply with these regulatory requirements can result in disciplinary action being taken against the company itself and its officers.

2)	By virtue of its position as an LME broker, there are certain circumstances in which EML is regarded as acting as agent for its clients.  EML's policy has been to avoid acting as agent where possible; however, EML's conduct is evaluated by the FSA in light of the potential for that relationship to exist.  How EML conducts itself with clients is tightly regulated by the FSA and the LME.

3)	Because the FSA has a duty to protect the orderliness of UK markets and to protect against systemic risk, EML's position as a provider of liquidity and the potential for it to disturb the market through its conduct or lack of conduct is also an area for concern with the FSA and the LME. As a consequence of this concern, the FSA requires regulated entities to maintain prescribed amounts of capital to protect against certain risks such as position and credit risk. The rules relating to regulatory capital require FSA regulated firms to calculate a financial resources requirement in accordance with rules and to maintain financial resources in excess of this requirement. These rules are prescriptive as to the types of capital, which can be used by way of regulatory capital, and a breach of these rules is regarded as extremely serious. An ongoing ability to meet a financial resources requirement usually results in the FSA issuing an order requiring the firm to cease carrying on business.

4)	EML's board members and its traders are subject to direct regulatory oversight by the FSA and can be disciplined in their individual capacity for a breach of the rules. Penalties for individuals include significant fines and possible expulsion from the industry. The duties owed by board members under the FSA's rules are in addition to those owed under general UK law relating to directors' duties.

Directors Overriding Ring Fencing Obligation

In the light of recent developments there is a premium on being able to demonstrate to the FSA that, to the full extent possible, the financial strength of EML is ring-fenced from any financial problems being encountered by the rest of Enron.  In order to make certain that we fulfil this obligation we have changed the way we do business in the ways discussed below.

Issues Surrounding Liquidity

As we are all aware over the past week, as a result of the reputation problems the corporation has been faced with, we have substantially increased the hands on financial and managerial oversight of EML.  This was a precaution against knock on problems causing liquidity issues for EML.  Clearly the goal was to be able to feel absolutely certain that the financial standing of EML was fully and completely ring- fenced from any problems related to the non-EML related problems of Enron.  This of course needed to be accomplished within the framework of continuing to be a fully integrated Enron company as far as shared services and inter company commercial relationship was concerned

The FSA does not regulate the method under which a regulated entity obtains and distributes its cash.  In the event, that cash is lent outside of EML, it must be collateralised by an LC in order to preserve the regulatory capital of the firm; however, the firm has a number of options to preserve its day to day liquidity.

In its position as an LME broker, EML must have access to cash for two purposes.  First, it must be able to post margin to the London Clearing House (LCH).  In the event that liquidity ever prevented EML from posting collateral to the LCH, it would be in breach of the LCH rules and regulatory enforcement action could ensue. In addition it would be declared a defaulter and the LCH would have the right to close out all of its positions.  Second, it must be able to post margin to its clients.  A failure to make a contractual payment to a client would likely result in FSA action if it were referred to the FSA.  A third potential use of cash is to make payments to in-the-money clients in the event that they wish to close their account.  While there is no contractual right for a client to cash in their mark-to-market profits, the failure of EML to make such payment would cause reputation questions.

Previously, we believed there were only a small number of potential scenarios where we might be faced with not having sufficient liquidity. However certain significant components of these scenarios have unfortunately come to fruition and the amount of cash maintained by EML and its ring fencing from the rest of Enron has become a concern.  EML has or is in the process of losing $60,000,000 of unsecured LC's, which were primarily used in lieu of cash at the LCH.  EML has had to use its cash to replace or secure those LC's.  Additionally, a number of clients have requested that their accounts be transferred.  Those transfers have reduced EML's cash balance.  Was the remaining $50 mm unsecured LC (which has been issued by a single bank) to be withdrawn we are not currently in position to immediately manage the liquidity impact.

The work done and the events of this past week have highlighted the need for being fully prepared for any foreseeable eventuality.  Therefore we have agreed to start to do the following
a.	Change the way our financing works so as to maintain our excess liquidity on our own balance sheet rather than being a provider of liquidity to the rest of the enterprise
b.	Improve our overall cash management function so as to have the control as well as the oversight be the direct responsibility of EML personnel
c.	Manage the business so as to maximize liquidity within the constraints of continuing to do business on a normal basis
d.	Obtain financial information on a much more timely basis
e.	Periodically perform a number of analytical stress scenario tests so as to be certain that we continue to have sufficient internal liquidity
f.	 Undertake to formalize arrangements with EMGL for provision of additional liquidity whether on an unsecured subordinated or senior basis when our own liquidity is insufficient to run the business on normal basis

Operational Risk

In theory, EML could be run on a small cash balance held in its own accounts and rely on Enron Corp. for the remaining portion of its day to day cash needs.  EML's board have been resistant to this practice for several very practical reasons.  First, it is possible that the LCH could unexpectedly call on EML to provide a large amount of collateral on an immediate basis.  If EML relied on Enron Corp.'s daily wire transfer for its liquidity needs, it would be in danger that either a liquidity shortfall at Corp. or an accounting or administrative error somewhere in the system could trigger either capital or liquidity events as EML's clearing account at Citibank would be substantially overdrawn.  Given the likelihood that an LCH or FSA event might create a cascade for Enron, EML's board is reluctant to put that much faith in the 100% accuracy of our operational safeguards.

Capital

As noted above, EML is subject to the FSA's regulatory capital rules and must calculate its financial resources on a daily basis.  The FSA requires that EML notify it if its capital base is less than 110% of the minimum financial resources requirement.  For a variety of reasons, there were occasions when EML violated the 110% threshold on occasions in 2001. Because these violations were self-contained and easily remedied the FSA did not take enforcement action and EML instituted an internal procedure whereby it maintains financial resources in excess of 120% so that it has a sufficient buffer not to trigger the FSA notification requirement. In the current climate the FSA has expressed concerns about the possible systemic risk that might arise from Enron's perceived financial weakness. Accordingly, if one of those violations occurred today, the FSA would likely commence a formal investigation of EML and could issue an order requiring EML to cease trading in light of the need to reassure the FSA and in light of the sizable changes in EML's cash position and client positions that have been occurring on a daily basis, EML's board has been attempting to maintain a regulatory capital level of 130%.  Clearly the ability to maintain sufficient liquidity and excess capital adequacy go hand in hand.

Liquidity and Capital Adequacy Stress Testing

The stress testing noted above has been based on the following types of scenarios, which would cause liquidity issues for EML

1)	Changes in market prices causing additional losses by internal or external clients for whom we either provide credit or receive margin collateral rather than cash resulting in EML financing these losses at the LCH
2)	Changes in market prices causing additional losses by the EML house account resulting in EML financing these losses at the LCH
3)	Clients with credit balances transferring those balances to other LME brokers
4)	Withdrawal of LCH letters of guaranty by the providing banks and the inability to replace the bank guaranty on an unsecured basis resulting in cash being placed either with the issuing bank or the LCH directly
5)	Credit exposures leading to credit losses

Recommendations

The result of the stress testing has been to make us consider the following changes to the way we do our business in addition to trying to increase overall operational liquidity

1)	To fully draw down the remaining $25 mm available under the  $125 mm subordinated facility
2)	To monetize the inter-company marked to market positions (+$20 mm)
3)	To increase the subordinated facility to $175 mm and extend the maturity by six months to July 2002
4)	To monetize to the degree possible all external marked to market profits and other assets held by EML
5)	To stop providing credit for in house Enron counterparts and to switch to a either one way or mutually margining with a zero or very low threshold for calling margin
6)	To stop providing or reduce the amount of credit for clients, other than a select group of key relationship clients
7)	To continue to move large physical positions to the physical trading companies (EMCL and EMCC) therefore shifting the need for inventory finance

Current Situation

Unsecured Guaranty			$65 mm
Secured Guaranty			$15 mm
Subordinated Loans			$107 mm
EML Cash Balance:			$59 mm
Cash required to replace
Withdrawn guaranty			($20mm)

EML Regulatory Capital Level:	128%
Excess Reg. Capital over 110%:	$30 mm

Conclusion

The attached financial analysis shows the result of the initial stress testing.
The analysis shows certain low probability sets of circumstances where we would have liquidity issues.  Given these possible eventualities we would urge that we move forward on points noted in bold above in addition to completing point f in the Issues Surrounding Liquidity Section


---------------------- Forwarded by Chris Germany/HOU/ECT on 07/27/2000 07:31
AM ---------------------------

dkinney@columbiaenergygroup.com on 07/26/2000 03:49:22 PM
To: " - *Molly.Sumrow@enron.com" <Molly.Sumrow@enron.com>, " -
*Kevin.Ruscitti@enron.com" <Kevin.Ruscitti@enron.com>, " -
*chris.germany@enron.com" <chris.germany@enron.com>
cc: " - *Scott, David" <dscott1@columbiaenergygroup.com>, " -
*tray@enron.com" <tray@enron.com>, " - *Dalphon, Charles"
<cdalpho@columbiaenergygroup.com>, " - *Jones, Donna"
<djones1@columbiaenergygroup.com>, " - *Destephanis, Kara"
<kdestep@columbiaenergygroup.com>, " - *cfrankl2@enron.com"
<cfrankl2@enron.com>, " - *vversen@enron.com" <vversen@enron.com>, " -
*cindy.vachuska@enron.com" <cindy.vachuska@enron.com>, " -
*cora_pendergrass@enron.com" <cora_pendergrass@enron.com>, " -
*mmitche2@enron.com" <mmitche2@enron.com>, " - *scott.goodell@enron.com"
<scott.goodell@enron.com>, " - *steve.gillespie@enron.com"
<steve.gillespie@enron.com>, " - *cgarcia@enron.com" <cgarcia@enron.com>, " -
*despey@enron.com" <despey@enron.com>, " - *joann.collins@enron.com"
<joann.collins@enron.com>
Subject: Updated August FOM volumes for CES

The attached file contains updated August FOM volumes for CES.  This file is
an
update to the one sent on 7/24/00.   The changes are listed on the 'Comment'
worksheet.   Please call me if you have questions, problems, etc.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - Aug00_FOM_Req02.xls


555560
broker has sp15


Awais, I sent you all these.  What happened to them!
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/09/99 02:00 PM
---------------------------

Elena Kapralova
09/09/99 12:29 PM
To: Tana Jones/HOU/ECT@ECT, Mark Schroeder/LON/ECT@ECT, David
Forster/LON/ECT@ECT
cc: Awais Omar/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT, Louise Kitchen/LON/ECT@ECT
Subject: Leagl and Regulatory Review of Market Descriptions for EnronOnline

Tana,
further to our conversation, here is the current status on US Market
Descriptions. Can you please provide the one that we seem to be missing Legal
review for:
Canadian Gas
NOx
LPG
Oil and Oil Products
Plastics and Petchems
SO2
US Coal

Mark,
This is the full list of outstanding European and US Market Descriptions from
the Regulatory perspective:
Canadian Gas
Continental Power
UK Gas
NOx
Plastics and Petchems
SO2
US East Power
US West Power
Weather Derivatives

Dave,
Awais's records show that you (or Marcello)  haven't reviewed the following
ones yet:
LPG
Oil and Oil Products
Plastic and Petchems
Nordic Power

Thank you all,
Elena


Please find the attached file with three individual spreadsheets in response to the items required under the FERC monthly California Report.  I have made no changes to the preliminary file sent out for review on January 11th since I did not receive any comments.

If any corrections are necessary, please notify me and Jeanette Doll, who will be preparing the filing.

Thanks,
Elizabeth
x3-6928


Layla,

A few points.

I shall be glad to attend the reception.

I am falling behind in getting my presentation ready. Sorry for the delay.
I can commit to delivering the required number of copies on the day of my
presentation
(or a day before). I have done it on two occasions before (Power 2000 and
Power 1999):
the copies were produced by our company Copy Center at no cost to you.

My associate, Tanya Tamarchenko, is helping me with one aspect of the
presentation and
I would like her to deliver part of my speach. It's only fair to give her the
credit when the
credit is due.  Is it OK to include her as an additional speaker?

Vince

"Layla O'Leary" <loleary@riskwaters.com> on 04/30/2001 09:04:52 AM
Please respond to <loleary@riskwaters.com>
To: <loleary@riskwaters.com>
cc:
Subject: EPRM 2001 Houston

Dear Speaker,

Pre-Congress Cocktail Reception - Sunday 13th May @ 5:30pm in the Juniper
Room
We would be delighted to have you attend our pre-congress cocktail
reception. We will be extending this invitation to all our sponsors,
exhibitors and EPRM/Risk Waters Group staff.   We hope this will provide a
perfect opportunity for you to meet all our staff and clients before the
formal opening of EPRM 2001 USA

+ RSVP

I would also like to remind you that I need any missing presentations by
Thursday 3rd May.  It is essential that I get these in as the delegates rely
on these to make notes and get very upset if they are not included in the
packs.

If you still haven't informed me of your AV requirements, please do so as
quickly as possible.  I also require a short biography.

I would like to point out that I will not be taking any presentations on
disk to the event.  If you are using a laptop, your presentation should be
loaded onto the laptop that you bring with you.  You must bring your own
laptop and disc, with connecting cables.

Any questions, please do not hesitate to contact me.

Kind Regards

Layla O'Leary
Event Co-ordinator

Risk Waters Group
Haymarket house
28-29 Haymarket
London
SW1Y 4RX

Tel:  +44 (0) 20 7484 9871
Fax:  +44 (0) 20 7484 9800


The attached file contains the audit issues for which you were identified as the responsible party.  Please document your responses in the "Resolution" column and return the file, via email, by the target date.  If a target date has already passed, please respond no later than Wednesday, 10/24/01.

Please call if you have any questions.

Thank you.

Mechelle Atwood
Director, Enron Assurance Services
Enron Wholesale Services
713.345.4554; Location:  EB2383
Mechelle.Atwood@enron.com


Please work with Richard Sanders to decide on the distribution list which
should include all MDs and Robert Knight.  I want to get it out by
Wednesday.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 09/26/2000 02:54 PM -----

	Mark E Haedicke
	09/25/2000 07:03 PM

		 To: John J Lavorato/Corp/Enron@Enron
		 cc: Richard B Sanders/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT
		 Subject: Retention Policy on Trading Tapes

John:

Let me know if you are ok with the following memo which would come from you
and me to  the traders and senior originators:

Effective October 15, 2000, the retention period on tape recordings of trades
done by telephone will be reduced from four months to one month.  The tapes
regarding significant transactions may be retained for such longer period as
approved in writing by both the Head Trader and the General Counsel.  Please
propose those significant transactions on which you may wish to retain the
tapes, prior to October 15, 2000, since the tapes on conversations older than
one month will be destroyed on that date.  If you have any questions, please
contact Mark Haedicke or Richard Sanders.

We are still looking at moving to recording only the deal terms -- but that
is a long term project.

Mark


TransAlta

Business Contact:	Chris MacDowall	phone: (403) 267-6949
						phone: (403) 267-6905


Do you actually have the Henwood report.  It looks like you sent me the RW
Beck report or a letter pertaining to the Henwood report, but not the actual
Henwood report that I was looking at in the meeting.  Thanks!
Ben


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
09:52 AM ---------------------------

ERisk <eRisks_news@email.eRisks.com> on 03/30/2001 11:24:31 AM
Please respond to <info@erisk.com>
To: vkamins@enron.com
cc:
Subject: ERisk Essentials

		www.erisk.com
		What's New at ERisk.com - 30 March 2001

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When you see Gas Deals that are between two parties other than Enron, throw
them away.  Joe has said that we do not need to call them to let them know,
just toss them.

Brenna


The entity which will enter into the instinet agreement for equities trading
will be ECT Investments Inc. Let me know if you need further information -
regards Janine
---------------------- Forwarded by Janine Juggins/LON/ECT on 19/09/2000
18:50 ---------------------------

	From:  Sheila Glover                           19/09/2000 18:43

To: Mahesh Lakhani/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, John
Greene/LON/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT

Subject: Equities

Mahesh,
This confirms our discussion that the the UK entity will have two separate
service agreements.  One with ENA for Prop Debt Trading and one with ECT
Investments Inc for Equities Trading.
In London, we can book directly into the underlying entity, e.g.
Energy-London Book,  At the end of the month, we will record  income based
upon activity to the Arranger, New UK entity,  and record the offsetting
expense to the Serviced book (Energy London).
Many thanks.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 09/19/2000 12:36
PM ---------------------------
From: Mahesh Lakhani on 09/19/2000 02:24 PM GDT
To: John Greene/LON/ECT@ECT, Sheila Glover/HOU/ECT@ECT
cc:
Subject: Equities

I have a quick question - Would the pricipal for the bonds/Equities business
done from London be ENA or ECT Investments Inc.  I recall from our meeting
that it was ECT due to the regulatory environment - can you please confirm

Thanks
Mahesh


Mark, I have talked to Marcus Wood.  All the best.  Jim
 Jim Derrick


We received a copy of an Assignment, effective as of May 1, 2000,  between
Mega Natural Gas Company, L.L.C. ("Mega") and Cross Timbers Oil Company (the
"Cross Timbers") wherein Mega assigned the Transactions outstanding under the
Master Agreement dated February 2, 1999 between ENA and Mega to Cross
Timbers.

 1. The Master Agreement between Mega and ENA, dated as of February 2, 1999
(the "Mega Master Agreement") will be inactive.   NO TRADES SHOULD BE DONE
UNDER THIS MASTER AGREEMENT.

 2. All trades should be done under the Master Agreement between Cross
Timbers and ENA, dated as of January 1, 1995 (the "Cross Timbers Master
Agreement").

 3. We have prepared a Transfer and Termination Agreement between ENA and
Cross Timbers whereby the Transactions under the Mega Master Agreement will
be transferred to the Cross Timbers Master Agreement and the Mega Master
Agreement will be terminated.   This document has been forwarded to Cross
Timbers for execution.  Once this document is executed by Cross Timbers, we
will terminate the Mega Master Agreement.

 In connection therewith, Cross Timbers Oil  Company notified us of the
following series of mergers:

  1. On May 1, 2000, Spring Resources, Inc., an Oklahoma corporation, and
Mega Natural Gas Company, L.L.C., an Oklahoma limited liability company, were
the owners of certain oil and gas properties (or undivided interests therein)
and contractual obligations (collectively, the &Properties8).

  2. On May 1, 2000, pursuant to a Certificate of Merger, each of Spring
Resources, Inc. and Mega Natural Gas Company, L.L.C., was merged into its
parent company, Spring Holding Company, a Delaware corporation.  Pursuant to
the merger, Spring Holding Company became the sole owner of the Properties.

  3. On May 10, 2000, pursuant to a Certificate of Merger, Spring Holding
Company was merged into its parent company, Redwine Holdings LLC, a Delaware
limited liability company.  Pursuant to the merger Redwine Holdings LLC
became the sole owner of the Properties.

  4. On May 10, 2000, pursuant to a Certificate of Merger, Redwine Holdings
LLC was merged into its parent company, Cross Timbers Oil Company, a a
Delaware corporation.  Pursuant to the merger, Cross Timbers Oil Company
became the sole owner of the Properties.

  5. After the mergers described above, Cross Timbers Oil Company is the sole
owner of the Properties formerly owned by Spring Resources, Inc. and Mega
Natural Gas Company, L.L.C.

  Copies of the documents will be distributed.


Karen,

Chance Rabon is an Analyst in the Texas Risk Group who is interested in interviewing for the Trading Track Program.  He joined the company in February 2001 from Coastal where he worked in their natural gas risk group.  He seems to be sharp, aggressive and willing to work hard.  Can he still be considered or will he need to wait for the next round?

Tom


I liked him alot. Seems ready, willing and able to make a move. What are your thoughts? Rick


Start Date: 3/9/01; HourAhead hour: 11;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030911.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 11 / Preferred:   3.00 / Final:   3.91)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/9/01
  UNIT_ID: VESTAL_6_WDFIRE


fyi
 -----Original Message-----
From: 	Gerych, Zdenek
Sent:	Tuesday, November 06, 2001 3:50 PM
To:	Gonzales, Eric; Harris, Clay; Rao, V; Curran, Greg; Cullen, John; McMillan, James; Mcgarry, Michael; Miller, Stephanie; Gomez, Julie A.; Slaughter, Jeff G.; Fuller, Dave
Cc:	Lee, Kyu-Bong
Subject:	RE: Northwest Pipeline Discussions: LNG Terminal

Dear Colleagues:

Yesterday, Jeff Slaughter of ENA, Kyu-bong Lee and myself met with Northwest Natural Gas'  Nick Potts, Director - Gas Storage Operations, Charles Stinson, General Manager - Engineering Services & Storage, and Randy Friedman, Manager - Gas Supply.

Full report on the meeting is attached, here is a summary of the main points:

They do not object to the development of an LNG terminal by Enron on the Columbia river or to Enron's efforts to negotiate a land lease option at Port Westward.  Their pipeline system is not set up to take advantage of the regasified LNG to supply their core customers in Portland but they would consider buying directly from us for customers in the Port Westward, St. Helens, Longview area if the price was right, i.e., the lower of Sumas and Stanfield price MINUS some discount from the NW Pipeline postage stamp tariff.
They perceive some risk in relying on an LNG supply with price formula linked to Nymex that would not provide a floor for the LNG producer.
They would like to see the LNG terminal in southern Oregon, where the NW pipeline system telescopes down to 10 inches, but realize that the terminal would be lost somewhere around Coos Bay with over 150 miles to go to connect with the PGT line across the Coastal Range and the Cascades, through an area of strong environmental concerns.
At this point, the best option for Enron seems to be (pending positive report on navigational issues on the Columbia from Golder):
a terminal close to the N/W Pipeline in the Port Westward/Longview area
selling gas directly to local customers (i.e., bypassing NW P/L transportation charges)
selling rest of gas on NW P//L
Eventually, we will need to talk to the Kelso Beaver (KB) Pipeline which operates the small diameter line to Port Westward.

Please give me a call if you have any questions.

Best,

Z


FYI.

-----Original Message-----
From: Lindauer, Jason [mailto:Jason.Lindauer@tfn.com]
Sent: Friday, October 12, 2001 2:36 PM
Subject: FW: AGA To Discontinue Weekly Gas Storage Report In Jan '02
Importance: High

> 10/12  3:08P (DJ)+DJ AGA To Discontinue Weekly Gas Storage Report In Jan
> '02
> Story 5448 DJ AGA/Gas Report -2: Report Stirred Controversy In August
>   NEW YORK (Dow Jones)--The American Gas Association said Friday that it
> will
> cease publication of its widely watched weekly survey of natural gas in
> storage after this year.
>   AGA will publish its last survey on Jan. 2, leaving the natural gas
> industry
> and markets without a standard reference point for storage data, a key
> determinant of gas prices.
>   The industry group said in a press release that it will ask the U.S.
> Department of Energy's Energy Information Administration to consider
> publishing its own monthly storage report more frequently. Commercial
> estimates are also available, the AGA said.
>   The AGA said its survey was taking increasingly more staff time and
> draining
> resources from programs that were more beneficial to its members.
>   A sharp revision in the AGA's survey for the week ended Aug. 10 produced
>
> wild price swings in the price of gas futures on the New York Mercantile
> Exchange, controversy in the trading community and complaints to the
> Commodity
> Futures Trading Commission, the commodity market regulator.
>   The AGA's weekly reports on the volume of natural gas placed into
> storage
> are closely watched as indicators of the industry's preparedness for the
> peak-demand winter season.
>
>   (MORE) DOW JONES NEWS  10-12-01
>   03:33 PM
> Additional Codes ( N/DJWI, N/DOI, N/DPG, N/DRV, N/EGY, N/ENY, N/HOT,
> N/LNG,
> N/MKT, N/NMKT, P/DGA, P/DUT, R/NAPW, R/NME, R/US)
>
> 	______________________
> 	Jason M. Lindauer
> 	Director
> 	Thomson Financial/Carson
> 	156 W. 56th Street, 6th Fl.
> 	New York, NY 10019
> 	P: (212) 707-0680
> 	F: (212) 707-0501
> 	jason.lindauer@tfn.com
> 	www.thomsonfinancialcarson.com
>         _______________________
>


Winston,
I am sending you FFD vol curves which are calculated based on 1 month (18
log-returns)
of data with 0.97 decay factor. These vols give $3.14 M in VAR for
STORAGE-PRC (versus 3.37 in production
for 5/30/00).

Tell me what I need to change in the format so that it is convenient for you.

Tanya


Got bounced back the first time.
----- Forwarded by Jeff Dasovich/NA/Enron on 10/02/2000 06:44 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/02/2000 06:36 PM

		 To: Richard Shapiro/HOU/EES@EES
		 cc:
		 Subject:

Mike Kahn: 415.986.2800.  ext. 205.    Let me know how it goes.

Best,
Jeff

P.S.  And I mean this in all seriousness.....  Many months ago, you were
sitting in our small conference room and said, "The Governor needs to take
control and initiate a negotiation, or summit."  Looks like he finally
figured it out.


Sushi tonight?

Ryan Watt says high.

Chris


Could you please try and expedite this amendment request for Petrobras
America Inc.  We would like to give them the ability to trade Fin Swaps for
Unl Gasoline, HeatingOil #2 and MTBE by Monday AM.

Thanks in advance for your help.

Regards,
tm

CP ID #	Counterparty Name	Country	ESP?	Enron ID #	Comments

26628	Petrobras America Inc.	USA	Y	Amended	Amend profile to include Financial trading
of US Unl, No2 and MTBE Fin Swaps with a 2 month tenor


Don't worry about the delay - if you want to wait til later next week that's
fine by me.

Tanya Rohauer
07/02/99 05:16 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Performance Feedback

Mark,

I just wanted to drop you a quick note on the feedback process. I declined
Carol's feedback form, but that in no way is intended as a reflection on her
performance.  I just have not worked with her enough yet to feel that I can
contribute meaningful feedback. The few issues that I have worked with her on
have given me a very favorable impression of her abilities. I certainly
expect  to work more with her in the future.  Also, I will get Sara's and
Susan Flynn's done, just not today. I will be in the office tomorrow, and
should complete them then. I received a dozen feedback requests this period,
and it is just taking me awhile to get them all done. I would prefer they be
a day late, but meaningful. Sorry for the delay.

Thanks,
Tanya


Kate:

The deal 412868.1 was changed per Stewart Rosman and Jeff Richter requests.

The deal 412868.1 was entered wrong for Sundays as:
0100-0600  MTWTFSa 15MW
2200-2300 MTWTFSa 15MW
0100-2400 Sun, H  15MW
0700-2200 MTWTFSa 20MW

where it should be:
7*16 and 7*8

Therefore, I zeroed out all volumes in 412868.1 and basically created a new
leg (412868.2) to make the deal as what it should be.

However, since today is 3/8 and the power for 3/4 (last Sunday) has already
flowed/liquidated according to the wrong deal entry (412868.1 for 15MW, where
it should be 20MW) and the trader told me the counterparty will make up the
5MW this coming Sunday (3/11); therefore, I entered two new legs to account
for these adjustments we need to make:

412868.3 LT-CALI sells 5MW  for 3/4
412868.3 LT-CALI buys 5MW for 3/11

We will need to confirm with the traders if we need to re-confirm these new
deals/legs created.

Please let me know if you have questions.

Thanks,
Fran
x7973

   Kate Symes                03/08/2001 03:12 PM

To: Fran Chang/PDX/ECT@ECT
cc:

Subject: 412868

Fran - It looks like you either made changes or added legs to this deal
today. Do they need to reconfirm this? Please let me know.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/08/2001 03:14 PM
---------------------------

	From:  Sharen Cason                           03/08/2001 03:13 PM

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

Subject: 412868

Can you find out if we are supposed to confirm the legs of this City of
Roseville deal that were input today.  And what it is exactly that they are
doing with these legs.

Thanks!


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Osso Buco-style Halibut and Whipped Potatoes and Herbs, Bon Appetit
http://www.epicurious.com/ego/halibut

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Yeah, give me about 10 minutes.


(If you previously received this memo, please disregard).

Attached is the final memo with information regarding hotel accomodations,
the Law Conference, Dinner and Activities.

Look forward to seeing you in San Antonio!

Sara


_________________________________________________________________

WEEKEND SYSTEMS AVAILABILITY

FOR

1/25/2002 5:00:00 PM through 1/28/2002 12:00:00 AM
_________________________________________________________________

Impact:   San Palo
Time:   Thur 1/24/2002 12:00:00 PM CT thru Sun 1/27/2002 12:00:00 PM CT
	Thur 1/24/2002 10:00:00 AM PT thru Sun 1/27/2002 10:00:00 AM PT
	Thur 1/24/2002 6:00:00 PM London thru Sun 1/27/2002 6:00:00 PM London
Outage:   New server room
Environments Impacted:   File Server, Notes servers, Print Server, Internet access.
Purpose:   Put 02 servers room in just 01 room. Rebuild all cabling (data and voice). This is set on CST.
Backout:   Back to original room.
Contact(s):   Nilson Busto  55-11-5503-1347

Impact:   Corp
Time:   Fri 1/25/2002 1:45:00 PM CT thru Fri 1/25/2002 2:45:00 PM CT
	Fri 1/25/2002 11:45:00 AM PT thru Fri 1/25/2002 12:45:00 PM PT
	Fri 1/25/2002 7:45:00 PM London thru Fri 1/25/2002 8:45:00 PM London
Outage:   Change Management Emergency Outage
Environments Impacted:   Change Management System Outage.
Purpose:   Change Management Application needs emergency maintenance.
Backout:   NA
Contact(s):   Brennan, Ryan  713-853-4545
	Ray, Edward  7138536744
	Brooks, Sean L  713-345-8077


He's got a great looking family - he looks exactly the same!  I'll have to
check out his website and send him some pictures.

Yeah, that Acura has won every SUV comparison that I've read.  I'll try to
find the online versions on the articles and send them to you.  You might
want to look up the Toyota Highlander too, smaller but pretty nice as well.

Later,

E


EFF_DT PORTFOLIO_ID DOWN95
2/23/01  MANAGEMENT-COAL 0
2/23/01  MANAGEMENT-CRD 0
2/23/01  MANAGEMENT-GAS 1,015,646.
2/23/01  MANAGEMENT-PWR 0
2/23/01  AGG-MANAGEMENT 1,015,646.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 02/03/2000
11:06 AM ---------------------------

Leslie Smith
02/03/2000 10:32 AM
To: Lisa Shoemake/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Judy
Walters@ccmail@ECT, Amber Limas/HOU/ECT@ECT, Angela Barnett/HOU/ECT@ECT, Eve
Puckett/Corp/Enron@ENRON, Michelle Neville/HOU/ECT@ECT, Regina
Blackshear/Corp/Enron@ENRON
cc:
Subject: [Fwd: Check out Butterflies]

---------------------- Forwarded by Leslie Smith/HOU/ECT on 02/03/2000 10:30
AM ---------------------------

floyd&lisa <luznmymind@argolink.net> on 02/02/2000 11:29:48 PM
Please respond to luznmymind@argolink.net
To: *DARLENE <NKarolina@aol.com>, *DONNA <GAputernut@aol.com>, *DOROTHY
<dot1@argohouston.com>, *JULIE <HaulinKDZ@aol.com>, Cheyenne
<Chy1975@cs.com>, JOHNNY&MARGARET <Jbarm1965@cs.com>, Leslie
Smith/HOU/ECT@ECT, Lorraine Buskey <akchaterbx@yahoo.com>, PAULA
<sheba@argohouston.com>, Tammie Bolling <tammiebolling@hotmail.com>
cc: MrsAAC@aol.com, Mcintyre3g@aol.com, TrishAmom@aol.com, Deeturmnd@aol.com,
Jwapond@aol.com, Birdladymn@aol.com, Sherlito@aol.com, DRKOLB3@aol.com,
Lorisdc@cs.com, Walkingmom756455@aol.com, COrla45218@aol.com,
MemphisPanda@aol.com, NiknHazX3@aol.com, Accola387@aol.com, SOSTAIL@aol.com,
SherryGage@yahoo.com, Anna <CNA630@aol.com>
Subject: [Fwd: Check out Butterflies]

give the page time to load.....takes a little while

>  Click here:
Butterflies


Ken,
Do you know of anyone that would be interested in helping us with this
tournament?  I need as many sponsors as possible to fund scholarships and as
this is our primary fund-raiser, I need to make every opportunity count.
Additionally, I would like to send out letters of thanks to our sponsors.
Would you sign the letter with me?  If your signature is on them, we can
build even stronger relationships.

Also,
On 12/14/00, I have reserved the dining room on 50 for our Cougars@Enron
Christmas party.  My intent is to invite employees, deans, faculty and school
officials to attend.  The time is from 5:30 to 7:00.  Can you attend if even
for a short time?

Please let me know at your earliest convenience,
Jeff
---------------------- Forwarded by Jeff McClellan/HOU/EES on 10/31/2000
01:44 PM ---------------------------

Jeff McClellan
10/31/2000 01:27 PM
To: David Tagliarino/HOU/ECT@ECT, Karen Marshall/HOU/ECT@ECT, Elyse
Kalmans/Corp/Enron@ENRON
cc: Kenneth Lay/Corp/Enron@ENRON
Subject: Cougars@Enron Golf tournament

Good day to all,
Cougars@Enron is hosting our first annual golf tournament on March 26, 2001
at Falcon Point Golf Club in Katy.  The purpose for the golf tournament is to
provide scholarships for Enron dependants to attend the University of Houston
and fund operating expenses.  Mr. Lay has graciously agreed to be our
honorary chair for this event which will most certainly guarantee success.  I
would like to ask that Enron participate in this event from a sponsorship
capacity. Many Enron employees, University of Houston faculty, students and
alumni will be participating and I believe that this will be a chance to
promote the Enron name in all of those areas.  Considering that we are
pushing the area of recruiting with this university, this will be an
excellent way to enhance said efforts.  We will be marketing the sponsors
through advertising, tournament recognition and special mention at the post
tournament reception and dinner.  The levels are as follows:

Amount Level   What is received
$5,000.00  Title sponsor  Advertising and recognition throughout the entire
event.  2 teams of four to play the tournament.  Golf shirts, lunch and
dinner  for sponsor participants.  Invitation to present scholarships at the
scholarship dinner subsequent to the event.

$2,500.00 Gold sponsor  Advertising and recognition throughout the entire
event.  1 team of four to play the tournament.  Golf shirts, lunch and
dinner      for sponsor participants.

$2,500.00 Silver sponsor  Advertising and recognition throughout the entire
event.  2 people to play the tournament.  Golf shirts, lunch and dinner
for sponsor participants.

$100  Hole sponsor  Advertising at 1 hole of the tournament.

I believe that Enron would benefit from participating in this event.  The
scholarships benefits Enron employees, there are 650 Enron employees that are
graduates of the University of Houston who will take great pride in knowing
that Enron supports their university, the recruiting program will benefit
because deans, faculty, professional groups, students and alumni will be
involved which should enhance relations that would beneficial to our efforts
there.

Please let me know what we can do.  I continue to believe that Cougars@Enron
is a group that can benefit the company, the employees and the university and
this tournament will be the key to its success.

Thanks for your time!!
Jeff McClellan
President-Cougars@Enron


Andy,

Yvan, a candidate for our ENA Trading Track program, wanted me to forward this message to you.

Regards,
Todd Peikert

-----Original Message-----
From: yvan go [mailto:yvango@hotmail.com]
Sent: Tuesday, October 16, 2001 2:16 AM
To: Peikert, Todd
Subject: For Andy Lewis

Hi, Todd.

Appreciate if you can forward this mail to Andy.

Sincerely,

Yvan

>From: postmaster@mail.hotmail.com
>To: yvango@hotmail.com
>Subject: Delivery Status Notification (Failure)
>Date: Mon, 15 Oct 2001 22:56:55 -0700
>
>This is an automatically generated Delivery Status Notification.
>
>Delivery to the following recipients failed.
>
> andy.lewis@enron.com
>
>
>

  _____

Get your FREE download of MSN Explorer at http://explorer.msn.com <http://go.msn.com/bql/hmtag_itl_EN.asp>

--------- Inline attachment follows ---------

From:  <yvango@hotmail.com>
To: andy.lewis@enron.com
Date: Tuesday, October 16, 2001 5:56:53 GMT
Subject:

Dear Andy,

Let me thank you for your time last Monday.

I never realized that the phone conversation lasted for about 1 hour and 15 minutes. Indeed, it was a reconfirmation of what I have read and understood to be the Gas and Power Business. More than anything else, I have learned a lot from that conversation. I appreciate your thoughts on trading natural gas in particular, and your experiences at Enron, in general.

To bigger volumes and larger revenues!

Sincerely,
Yvan

  _____

Get your FREE download of MSN Explorer at http://explorer.msn.com <http://go.msn.com/bql/hmtag_itl_EN.asp>


Pam:
How are things with you?  I am doing great and feeling great!  I've got about
another 8 weeks to go and I'm looking forward to getting this part over
with.  I hope to work until pretty close to the end if my doctor lets me.
Are you free for lunch anytime soon?  I would love to see you and catch up.
E-mail me back with some good dates and hopefully we can get together.  Tell
Patti I said hi.

Carol


Barbara,

I have forwarded your message to the members of my weather/
weather derivatives team.

Vince

EnergyWriter@aol.com on 10/11/2000 10:54:39 AM
Please respond to EnergyWriter@aol.com
To: energywriter@aol.com
cc:
Subject: Report Research

I am writing a management report on weather risk management. The story
will discuss different weather risk management tools used by power
marketers in the energy industry. It also looks at weather prediction
and analysis services available to energy traders.

I am looking for a list and description of the weather risk management
products, and how each can benefit an energy trader. I would also like
to know what  traders' reactions to significant weather are. And where
can I find a list of popular weather instruments with descriptions?

I appreciate any help you can give me. I would like to set up a chat
with you this week if you have the time, or simply email me your input.
Thanks in advance!

Barbara Drazga
Independent Journalist
PO Box 472401
Aurora, CO 80047
303-369-3533 tel.
303-369-3510 fax


i tried but they have to go through it anyway.  i told them to inquire about
your resume.


Current Notes User:

To ensure that you experience a successful migration from Notes to Outlook,
it is necessary to gather individual user information prior to your date of
migration.  Please take a few minutes to completely fill out the following
survey. Double Click on document to put it in "Edit" mode. When you finish,
simply click on the 'Reply With History' button then hit 'Send'  Your survey
will automatically be sent to the Outlook 2000 Migration Mailbox.

Thank you.

Outlook 2000 Migration Team

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

Full Name: Mark E. Taylor

Login ID:  mtaylo1

Extension:  37459

Office Location:  EB3892

What type of computer do you have?  (Desktop,  Laptop,  Both)  Laptop

Do you have a PDA?  If yes, what type do you have:   (None, IPAQ, Palm Pilot,
Jornada)  None

Do you have permission to access anyone's Email/Calendar?  Yes - calendars
    If yes, who?  Our entire group accesses each others' calendars

Does anyone have permission to access your Email/Calendar?  Yes
    If yes, who?  My entire group has access to my calendar, my assistant has
access to my e-mail

Are you responsible for updating anyone else's address book?  No
    If yes, who?

Is anyone else responsible for updating your address book?  My assistant
    If yes, who?

Do you have access to a shared calendar?  No
    If yes, which shared calendar?

Do you have any Distribution Groups that Messaging maintains for you (for
mass mailings)?  No
    If yes, please list here:

Please list all Notes databases applications that you currently use:
Financial Trading Agreements, ECT Legal Foreign & Domestic Counsel, European
Jursidictional Document Library, ENA Legal Online Trading Agreements,
Jurisdiction Document Library, Enron Net Works Idea Bank

In our efforts to plan the exact date/time of your migration, we also will
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Will you be out of the office in the near future for vacation, leave, etc?
No       If so, when?        From (MM/DD/YY):      To (MM/DD/YY):


Start Date: 1/23/02; HourAhead hour: 19;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012319.txt


It has become customary to prepare Unanimous Consents of Directors for many
transactions even if such actions are not required by the relevant By-laws
and/or Certificate of Incorporation.  Please consider carefully whether
Unanimous Consents of Directors are necessary or appropriate in a particular
transaction, i.e., the transaction is a significant transaction or evidence
of authority is required for a legal opinion.  When in doubt, please review
the By-laws and Certificate of Incorporation of the relevant entity and
discuss the matter with a member of the Office of the General Counsel.

Thank you.


Dear Sir;
Passed Suez canal.
Captain Oe Hansen relieved by Captain Knut Bentzr?d.
Commenced sea voyage at N 29,8? E 032,5?, 1630 LT (1330 GMT)

A) Position at noon        : NA
B) Dist. from last noon    : NA
C) Dist. to go to next port: 2472 nm
D) Eta next port           : 13 May 0900 LT

Brgds Knut Bentzr?d
Master

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+874 330853910
Fax   : Inmarsat fax no.+874 330853913
Telex : Inmarsat B telex no.+584 330853915
Telex : Inmarsat C telex no.+584 430853910 (24hrs.watch)


see attached


FYI,

The next Outage Coordination Commercial Review meeting is 01/09/02.  The purpose for the meeting is to discuss outages that have a flow impact for the month of February & March 2002. Please review the attached outage report. If you have any questions, please give me a call.

Jerry Graves
713-345-8923

When: January  9
Time:  1:00 to 2:00
Where: Houston 42C2
             Omaha  VCR - 6th floor
             Field - Conference # 877-795-3687
                        Code # 755555

NORTHERN BORDER PIPELINE

 	Location	Date	Scope	Comments
NB	CS13	01/10/02 to 01/10/02	Wash GG, and MP2.  (10 hrs)	Potential impact is low.
NB	CS09	01/14/02 to 01/16/02	Unit Exchange, and emissions test.	Potential impact is low.
NB	CS11	02/19/02 to 02/19/02	Wash GG, and MP2.  (10 hrs)	Potential impact is low.
NB	CS12	03/05/02 to 03/05/02	Wash GG, and MP2.  (10 hrs)	Potential impact is low.


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*********************************************

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*********************************************
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**********************************************
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========================================
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1.      SEVENTH HEAVEN KATHMANDU TEMPLE KIFF (tm)

One     .75 oz. jigget/bar          $65.00
One    2.0 oz. jigget/bar          $115.00 (Free Capillaris Herba with 2.0 oz. bar. Refer to Capillaris paragraph at end of text)

2.     SWEET VJESTIKA APHRODISIA DROPS (tm)

One	1.0 oz. bottle		$90.00
Two	1.0 oz. bottles	       $140.00

3.     SEVENTH HEAVEN PROSAKA (tm)

One    100 tablet tin          $40.00
Three  100 tablet tins        $105.00
Six    100 tablet tins        $185.00

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One   300 tablet jar          $130.00

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**************************************************
ORDERING INFORMATION:

For your convenience, you can call us direct with your orders or questions.

Call 1-623-972-5999

Mon. - Fri. 10:30 am to 7:00 pm (MT)
Sat. - 11:00 am to 3:00 pm (MT)

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**************************************************
SPECIAL DISCOUNT & GIFT

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We have received the executed EEI Master Power Purchase and Sale Agreements
for the following CPs:

Sierra Power Corporation 2/28/2001
The City of Oakland, a municipal corporation acting by and through its Board
of Port Commissioners-2/27/2001

Copies will be given to Legal and Credit.


Kate,
So far, know you all are still inputting deals:

ICE broker   3/27/01
Enron Buys Reliant Energy Ser
Jul-Sept
355.00
Sp15

thanks


Per Sara Shackleton, an attorney in the Swap Group, Doug Friedman was
involved in the payment dispute that was the reason I didn't open them up for
financial trading the first time they came around in January 2000.  Based on
the email below, I will be opening them up on EOL to trade financial.
----- Forwarded by Tana Jones/HOU/ECT on 04/23/2001 04:17 PM -----

	Douglas S Friedman
	04/23/2001 10:23 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: PLEASE READ: Sonoco Products Company

I did not see Sonoco on the attached document.  Nevertheless, we did resolve
our dispute with them and have no issues on the trading desk with them
outstanding.

Doug


What?s up man??
How are you?
I hope you are ok!!

Did you see the cup Teresa Herrera??
Well Mexico(Cruz Azul), play very good but they went to penalties and they
don?t win.

Every body sey hi

I?ll call soon, I think the sunday

Bay

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


*Energy Insight News for Thursday, January 3, 2002
Scaled-back Alaskan pipeline proposal in works

With prospects for a gas pipeline from Alaska's North Slope looking shakier
by the month, Foothills Pipe Lines Ltd. is about to unveil a scaled-down
version of the proposed Alaska Highway Pipeline Project that it hopes will
win the approval of both regulators and producers.

Within the next week, Calgary-based Foothills plans to present North Slope
producers with a revised commercial plan costing about $8 billion,
approximately half the estimated cost of the existing Alaska Highway plan
under consideration, according to TransCanada PipeLines Ltd. CEO Hal Kvisle.

TransCanada is a joint partner in Foothills with Vancouver-based Westcoast
Energy, which is in the process of being taken over by Duke Energy.
Foothills has U.S. and Canadian regulatory permits dating from 1977 to build
the Alaska Natural Gas Transportation System, which would run through Alaska
along the highway into western Canada and ultimately into the lower-48
states.

The new proposal is to build a 42- or 48-inch-diameter pipeline from the
North Slope, Kvisle said, across the Yukon and Alberta and into the
continental U.S., with initial deliveries of about 2.5 billion cubic feet
per day. The three major North Slope producers have said the existing
proposal-a 1,700-mile pipeline with capacity for 4 billion cubic
feet/day-would cost $17.2 billion.

The three North Slope producers-ExxonMobil, BP and Phillips
Petroleum-testified at a Senate hearing this fall that the economics of any
Alaska-to-lower-48 pipeline were questionable. Kvisle said he hopes a
smaller project will persuade the producers to give early backing to the
engineering phase and, in the process, see how gas supply and demand
unfolds.

The dramatic drop in wellhead gas prices this year has fueled concerns that
a pipeline from Alaska is no longer economical, Kvisle noted. Still, after
examining various pipeline options, the North Slope producers appear to be
leaning more toward the Alaska Highway route than they were before, he said.
Read the entire story at http://www.energyinsight.com.
Also, catch the latest news headlines on Energy Insight Executive, updated
twice daily.
///////////////////////////////////////////////
Market Brief    Wednesday, January 2 (Changes from 12/28)

Stocks  Close   Change  % Change
DJIA    10,073.40       (63.6)  -0.63%
DJ 15 Util.     297.74  3.2     1.10%
NASDAQ  1,979.25        (8.02)  -0.40%
S&P 500 1,148.08        (12.9)  -1.11%

Market Vols     Close   Change  % Change
AMEX (000)      130,955 28,748.0        28.13%
NASDAQ (000)    1,512,183       189,403.0       14.32%
NYSE (000)      1,179,897       274,803.0       30.36%

Commodities     Close   Change  % Change
Crude Oil (Feb) 21.1    0.69    3.38%
Heating Oil (Jan)       0.5507  (0.016) -2.79%
Nat. Gas (Henry)        2.555   0.000   0.00%
Propane (Jan)   32.60   (1.40)  -4.12%
Palo Verde (Feb)        24.75   0.00    0.00%
COB (Feb)       24.75   0.00    0.00%
PJM (Feb)       30.00   0.00    0.00%

Dollar US $     Close   Change  % Change
Australia $     1.942   (0.017) -0.87%
Canada $        1.60    0.005   0.31%
Germany Dmark   2.17    (0.048) -2.17%
Euro    0.9036  0.020   2.25%
Japan ?en     132.2   1.200   0.92%
Mexico NP       9.1     (0.080) -0.87%
UK Pound        0.6923  0.0023  0.33%

Foreign Indices Close   Change  % Change
Arg MerVal      323.69  28.30   9.58%
Austr All Ord.  3,383.10        19.30   0.57%
Braz Bovespa    13872.09        294.52  2.17%
Can TSE 300     7646.79 (28.21) -0.37%
Germany DAX     5167.88 7.78    0.15%
HK HangSeng     11350.85        (80.74) -0.71%
Japan Nikkei 225        10542.62        0.00    0.00%
Mexico IPC      6410.05 6371.84         -0.88%
UK FTSE 100     5,218.30        29.20   0.56%

Source:  Yahoo!, TradingDay.com and NYMEX.com
//////////////////////////////////////////////
Executive News
PacifiCorp halts pursuit of Priest Rapids competitive license bid
PacifiCorp, a division of Scottish Power, says that it has signed a power
purchase contract for the energy output of Priest Rapids Hydroelectric
Project and withdrawn its participation in a competitive license application
for the project. PacifiCorp agreed to a contract with Grant Public Utility
District No. 2, the current owner and operator of the project, for purchase
of a share of the project output when current contracts expire in 2005 and
2009.

Grant County Public Utility District said that that it has received power
sales contract commitments from all 12 of its current utility power
customers as well as 5 additional purchasers in Idaho added as a result of a
recent FERC administrative proceeding. The PUD had placed an end-of-year
deadline on contract terms. PacifiCorp and the Yakama Indian Nation had
announced in August that they were forming a partnership to challenge the
PUD for the license. However, in signing the new contract this week,
PacifiCorp agreed that it will support Grant PUD's relicensing effort,
effectively ending its participation in any challenge.

PacifiCorp says that the contract the company has just concluded is more
favorable than that previously offered by the PUD. If so, this suggests that
the competitive license move may have been a strategy to improved power
purchase contract terms. The Yakama Nation has said that it will move
forward with the competitive license application despite PacifiCorp's
decision to pull out of the partnership. Hence, the PUD's license for the
Priest Rapids Hydroelectric Project still is under threat.

Williams buys NGL pipeline
Williams Energy Partners L.P. has purchased a natural gas liquids pipeline
from Aux Sable Liquid Products L.P. for $8.9 million. The transaction is
expected to be 2 cents to 3 cents per unit accretive to cash flow on an
annualized basis. The 8.5-mile, 8-inch diameter pipeline extends from Aux
Sable's gas processing plant in Channahon, Ill., to a petroleum refinery in
Joliet, Ill., and another nearby natural gas liquids pipeline.  Aux Sable
has contracted with the partnership for continued exclusive use of the line
being purchased.

To subscribe to our Executive News Service, which is updated twice daily,
log on to http://www.energyinsight.com, or contact Platt's Direct Response
Team at 1-800-424-2908 (if outside the United States call 1-720-548-5700).
///////////////////////////////////////////////


Sara -

As per Marie's instructions, please find attached a blackline incorporating
the changes that will be required to be made in the final form of ISDA
(modifications to the Notice and Set-Off provisions).  The attached is the
last version that I have but if the changes are acceptable, I would suggest
that you take the changes and incorporate it into your form of agreement
since it is the final version.

 <<ENRON ISDA.REVISED 9.26.01.doc>>

Once reviewed, please let me know if the changes are acceptable - at which
point you can forward to me a revised Schedule (without the signature page)
via e-mail and I can have the agreement countersigned and replace the
Schedule with your revised Schedule.

Thank you for your patience.

Regards,
Michelle

 - ENRON ISDA.REVISED 9.26.01.doc


Please go into your SAP profiles and check your Profile information for
accuracy.
We should be able to edit or update certain fields.   Please make sure your
Cost Center is 105590.
Should you have any trouble making changes please call me, and I'll help if
possible, or ask HR to correct your information.
         Please advise when you've had a chance to handle (even if you do not
have any changes).

thanks everyone,
Sandy
---------------------- Forwarded by Sandra R McNichols/HOU/ECT on 12/01/2000
02:01 PM ---------------------------

Adrial Boals@ENRON
12/01/2000 01:51 PM
To: Sandra R McNichols/HOU/ECT@ECT, Julissa Marron/Corp/Enron@ENRON
cc: James Scribner/Corp/Enron@Enron
Subject: SAP Update

Please coordinate with each person you support and have each person update
their profile in SAP before next pay period.  It very important everyone is
being charged to the proper cost center and company number. Please let me
know if you have any questions.

Thank you,
Adrial Boals
X58849


---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 01/17/2001
02:53 PM ---------------------------

"Pamela Anderson" <pama9@flash.net> on 01/17/2001 01:59:09 PM
To: "Sandra Brawner" <Sandra.F.Brawner@enron.com>
cc:
Subject: Fw: IT'S GOOD TO BE A MAN

Sandra,
I think you will enjoy this one.  I can see you giggling right now.
Pam
----- Original Message -----
From: Sue Caldwell <sue@mbainsurance.net>
To: Pam Anderson <Pama9@flash.net>
Sent: Wednesday, January 17, 2001 12:54 PM
Subject: Fw: IT'S GOOD TO BE A MAN

>
> ----- Original Message -----
> From: "Steve Tietjen" <stasports@mindspring.com>
> To: "Abbey Lynch" <klynch@flyfrontier.com>; "Brenda & Don Ott"
> <b&dott@onemain.com>; "Cal & Lisa" <tacoma@iws.net>; "Debbie Kerinke"
> <dkerinke@ddrcco.com>; "Diane JENSEN" <dejensen@qwest.net>; "Ed & Jan
> Boykin" <edjanboykin@aol.com>; "Frank Stasko" <fstasko@4dvision.net>;
"Kelly
> Lynch" <klynch@flyfrontier.com>; "Kenney Turnbaugh"
<xbananasx@hotmail.com>;
> "Leslie Freedman" <lafreedman@uswest.com>; "Marty Scott"
> <user21275@uswest.net>; "Sandee DeVore" <sandraDV@aol.com>; "Steve Wilbur"
> <swejon@uswest.net>; "Sue" <sue@mbainsurance.net>; "Terry Lackey"
> <twlackey@aol.com>
> Sent: Wednesday, January 17, 2001 11:20 AM
> Subject: FW: IT'S GOOD TO BE A MAN
>
>
> >
> >
> > > IT'S GOOD TO BE A MAN
> >
> > > > >Your last name stays put.
> > > > >The garage is all yours.
> > > > >Wedding plans take care of themselves.
> > > > >Chocolate is just another snack.
> > > > >You can be president.
> > > > >You can wear a white T-shirt to a water park.
> > > > >Car mechanics tell you the truth.
> > > > >You don't give a rat's ass if someone notices your new haircut.
> > > > >Same work...more pay.
> > > > >Wrinkles add character.
> > > > >Wedding Dress $5,000; Tux rental $100.
> > > > >People never stare at your chest when you're talking to them.
> > > > >New shoes don't cut, blister, or mangle your feet.
> > > > >One mood, ALL the damn time.
> > > > >A five-day vacation requires only one suitcase.
> > > > >You can open all your own jars.
> > > > >You can kill your own food.
> > > > >You get extra credit for the slightest act of thoughtfulness.
> > > > >Your underwear is $8.95 for a three-pack.
> > > > >Three pairs of shoes are more than enough.
> > > > >You can drop by to see a friend without having to bring a little
> gift.
> > > > >If another guy shows up at the party in the same outfit, you just
> might
> > > > >become lifelong friends.
> > > > >You are not expected to know the names of more than five colors.
> > > > >You don't have to stop and think of which way to turn a nut on a
> bolt.
> > > > >You almost never have strap problems in public.
> > > > >You are unable to see wrinkles in your clothes.
> > > > >The same hairstyle lasts for years, maybe decades.
> > > > >You don't have to shave below your neck.
> > > > >One wallet and one pair of shoes, one color, all seasons.
> > > > >You can "do" your nails with a pocketknife.
> > > > >You have freedom of choice concerning growing a mustache.
> > > > >Christmas shopping can be accomplished for 25 relatives on December
> > > > >24th, in 45 minutes.
> > > > >
> > >
> > >
> >
> >
> >
> > -
> >
>
>


I am planning on taking over the dome the weekend of Aug 25 - 26 with my
wine group.

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"