---------------------- Forwarded by David Baumbach/HOU/ECT on 09/26/2000
02:01 PM ---------------------------
   Carla Nguyen                09/26/2000 01:40 PM

To: Melissa K Ratnala/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Jim
Little/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Eric Francis
Calub/HOU/ECT@ECT, Troy Klussmann/HOU/ECT@ECT
cc:
Subject: Re: Cleburne PC#

ENA - IM Cleburne  12782.
---------------------- Forwarded by Carla Nguyen/HOU/ECT on 09/26/2000 01:38
PM ---------------------------

SAP Master Data@ENRON on 09/26/2000 11:14:16 AM
Sent by: Nina Fortune@ENRON
To: Carla Nguyen/HOU/ECT@ECT
cc:
Subject: Re: Profit center request form

Carla,

Profit Center 12782 has been created.

Thank you,

Nina

RT#   227229

	From:  Scott Becken                           09/25/2000 07:30 PM

To: SAP Master Data@ENRON
cc:

Subject: Profit center request form

Please process this request for Carla.  The Remedy ticket number is 226611.
Thanks.
---------------------- Forwarded by Scott Becken/Corp/Enron on 09/25/2000
07:28 PM ---------------------------
   Carla Nguyen @ ECT                09/25/2000 06:29 PM

To: SAP COE/Corp/Enron@Enron
cc: Melissa K Ratnala/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, David
Baumbach/HOU/ECT@ECT

Subject: Profit center request form

Please set up this new Profic center.  If you have questions, please give me
a call.  Thks!

---------------------- Forwarded by Carla Nguyen/HOU/ECT on 09/25/2000 06:26
PM ---------------------------

	Enron North America Corp.

	From:  Robert Hunter @ ENRON                           09/25/2000 12:35 PM

To: Carla Nguyen/HOU/ECT@ECT
cc:
Subject: Profit center request form


Here's the attachment

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

-----Original Message-----
From: Katie Kaplan [mailto:kaplan@iepa.com]
Sent: Thursday, April 05, 2001 1:36 PM
To: 'Andy Brown (E-mail)'; 'B Brown Andy (E-mail)'; 'Baker Carolyn
(E-mail)'; 'Bob Escalante (E-mail)'; 'Bob Weisenmiller (E-mail)'; 'Curtis
Kebler (E-mail)'; Dean. Nistetter (E-mail); 'Douglas Kerner (E-mail)'; 'Greg
Blue (E-mail)'; 'Jan Smutny-Jones (E-mail)'; 'Jean Munoz (E-mail)'; 'Jeff
Dasovich (E-mail)'; 'Joe Ronan (E-mail)'; 'John Larrea (E-mail)'; 'John
Stout (E-mail)'; 'Julee Malinowski-Ball (E-mail)'; 'Kassandra Gough
(E-mail)'; 'Katie Kaplan (E-mail)'; 'kent Palmerton (E-mail)'; 'Lynn
Lednicky (E-mail)'; Marie Moretti (E-mail 2); 'Marty Wilson (E-mail)';
'McNally Ray (E-mail)'; ''Nam Nguyen' (E-mail)'; 'Norton Kelli (E-mail)';
'Paula Hall-Collins (E-mail)'; 'Pigott Jack (E-mail)'; 'Richard Hyde
(E-mail)'; 'Roger Pelote (E-mail)'; 'Stephanie-Newell (E-mail)'; 'Sue Mara
(E-mail)'; 'Tom Ross (E-mail)'; Tom Williams (E-mail)
Cc: 'Anne Kelly (E-mail)'; 'Chuck Cole (E-mail)'; 'Delany Hunter (E-mail)';
'DJ Smith (E-mail)'; 'Hedy Govenar (E-mail)'; 'marie moretti (E-mail)';
'Maureen OHaren (E-mail)'; 'Mike Monagan (E-mail)'; 'Phil Isenberg
(E-mail)'; 'Robert Ross (E-mail)'; 'Ron Tom (E-mail)'; 'Scott Govenar
(E-mail)'; 'Susan Mccabe (E-mail)'; 'Carol Hudson (E-mail)'; 'Steven Kelly
(E-mail)'
Subject: Public Affairs Call tomorrow, Friday at 10:00

Greetings:
We will be holding a Public Affairs call tomorrow at 10:00 a.m. to discuss
upcoming issues regarding the Dunn hearings and our response to Davis' press
conference tonight.

1. Attached memo
2. May Cal Journal Ad
3. Publication of Powerful Ideas
4. Web site
5. Budget and other administrative issues

IEP has purchased Satellite time tonight right after the press conference in
which Jan will respond that will be broadcast to the same news organizations
that get the Governors Press Conference.  We will also be holding a Press
call tomorrow at 11:30 a.m. to respond.

The call in number for the 10:00 call is:
1-800-486-2460
The pass code is:
120895
Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

 - IEPhearingmemo.doc


Graders usually follow the following guidelines:

- Half of the class gets A- and above;
- The other half of the class gets B+ and below
-  Instructors seldom ever give grades below B-, but it happens in rare cases
- The highest grade possible is A+

Jason


On behalf of the Jones Graduate School at Rice University, we would like to
thank all of the company representatives who have submitted Action Learning
Project (ALP) proposals. Currently, the ALP faculty committee is reviewing
all proposals received.

We also want to remind those who are planning to submit proposals of our
December 1st deadline. Please keep us updated on the status of your project.
We are happy to answer any questions or provide assistance.

Our goal is to have a good mix of projects from a variety of companies, and
we are also pleased to accept multiple projects from one company. Thus far,
many of our proposals are marketing and/or strategy related. To increase the
diversity of projects, we are especially looking for ideas that give our
students the opportunity to utilize finance skills. Of course, an ideal
project is one that allows a student to use multiple skills.

Again, thank you for your continued interest in Rice University and the Jones
School ALP program.

Carrie Miller???????????????????????????????????????????Pam Castro??????
????????????????
Director of MBA Program?????????????????????????MBA Program Associate
Phone:? (713) 348-5260??????????????????????????????????Phone: (713) 348-6223
Fax:? (713) 348-5251????????????????????????????????????Fax: (713) 348-5251?
E-mail:? cmiller@rice.edu???????????????????????????????E-mail:?
castro@rice.edu


---------------------- Forwarded by Jinsung Myung/Corp/Enron on 03/02/2000
06:10 PM ---------------------------

Brad Morse@ECT
03/02/2000 05:21 PM
To: Jinsung Myung/Corp/Enron@Enron
cc:

Subject: Retail Project

---------------------- Forwarded by Brad Morse/HOU/ECT on 03/02/2000 05:19 PM
---------------------------

Brad Morse
03/02/2000 05:16 PM
To: Jinsung Myung/Corp/Enron@Enron
cc:
Subject: Retail Project


Copy of order to follow.  Here's a quick summary.  Does not look great for
the utilities.  More to follow.

one cent/kwh charge for all customers--equals 9% for rez, 7% for small biz,
12% for med commercial, 15% for large commercial and industrial
only in place for 90 days
Adopts TURN proposal for netting undercollection (from rate freeze) against
overcollection (for CTC)
Hearings begin next Wednesday (01.10.01) to begin address all remaining
issues (including whether rate freeze has ended and when) and to set up a
timetable to examine the results of the auditor's report


I hope we are not planning on meeting for several hours. I have another meeting scheduled starting at 10:30. Also, where are we meeting?

 -----Original Message-----
From: 	Centilli, James
Sent:	Tuesday, December 11, 2001 7:23 AM
To:	Cobb Jr., John; Rapp, Bill; Y'barbo, Paul; Fancler, Dan
Subject:	RE: Compression Contracts

	I have a 10:00 AM meeting. Please go ahead and meet, I do not have to be there the whole time and can come back after my 	other meeting.

	James

 -----Original Message-----
From: 	Cobb Jr., John
Sent:	Monday, December 10, 2001 6:31 PM
To:	Rapp, Bill; Y'barbo, Paul; Fancler, Dan; Centilli, James
Subject:	RE: Compression Contracts

Works for me also.

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Monday, December 10, 2001 5:50 PM
To:	Y'barbo, Paul; Fancler, Dan; Centilli, James
Cc:	Cobb Jr., John
Subject:	RE: Compression Contracts

That's fine with me.

 -----Original Message-----
From: 	Y'barbo, Paul
Sent:	Monday, December 10, 2001 5:50 PM
To:	Fancler, Dan; Rapp, Bill; Centilli, James
Cc:	Cobb Jr., John
Subject:	RE: Compression Contracts

How about 9:30 if James and John are available?

Paul

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Monday, December 10, 2001 5:47 PM
To:	Rapp, Bill; Y'barbo, Paul; Centilli, James
Cc:	Cobb Jr., John
Subject:	RE: Compression Contracts

Works for me.

Dan

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Monday, December 10, 2001 5:46 PM
To:	Y'barbo, Paul; Centilli, James; Fancler, Dan
Subject:	RE: Compression Contracts

I am available from 9:00 a.m. to 11:00 a.m. (but not after 11:00 a.m.) and after 2:00.

 -----Original Message-----
From: 	Y'barbo, Paul
Sent:	Monday, December 10, 2001 5:36 PM
To:	Rapp, Bill; Centilli, James; Fancler, Dan
Subject:	Compression Contracts

I am available all day on Tuesday to discuss the above subject. We need to meet to discuss this issue from purely a ETS point of view. Please let me know your availability.

Thanks,

Paul


Have you had a chance to review the draft of this agreement?  Please advise
in order that I can forward same for signing.  Also provide me with the name
of your contact.

Thanks!
Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Can you price that physical call for PNM at the money and $.50 out of the money instead of what I previously requested?

Thanks,

Kim


We have received the executed Confidentiality Agreement with the referenced
counterparty dated April 12, 2000.  A copy will be sent to Dave Samuels.


Please look over the following and reply to Burtonif you need to add curves.
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/24/2001
04:42 PM ---------------------------
From: Burton McIntyre/ENRON@enronXgate on 04/24/2001 04:38 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Shona Wilson/NA/Enron@Enron, Chris Abel/HOU/ECT@ECT, Susan D
Trevino/HOU/ECT@ECT, Frank Hayden/ENRON@enronXgate, Christy
Lobusch/NA/Enron@Enron, Nancy Hernandez/NA/Enron@ENRON
Subject: Gas Curves

Jeff, attached is a file containing gas curves that have been identified as
being not in the RisktRAC system.  Curves were found to be missing from  the
Benchmark mapping table and/or the Primary/Secondary curve table.  Curves
missing from RisktRAC could have a significant impact on positions and V@R.
Please let us know by Thursday, April 26th, if these curves should be added
to the RisktRAC system.   For those curves that need to be added to RisktRAC,
a blank curve request form is also attached. Thank you.

SIncerely,

BM


I will be out of the office on maternity leave beginning October 22, 2001.  If you need assistance, please contact Blake Walker, x66169.


FYI - I've entered estimated vols into Sitara based on the following info
from Mobil:

Jan 28 - their takes will be down by 15,000/d from current takes, due to one
of their crude units coming down
Jan 29 - their takes will be down by an adiitional 5,000/d on top of that,
due to their coker coming down

For Feb00, they estimated the following vols:

Feb 1 - 5 115,000/d
Feb 6 - 11 120,000/d
Feb 12 - 14 105,000/d
Feb 15 - 18 110,000/d
Feb 19 - 21 105,000/d
Feb 22 - 23 115,000/d
Feb 24 - 26 105,000/d
Feb 27 - 29 115,000/d

Based on assuming:
- Centana delivery point @ zero for all of Feb,
- high pressure delivery @ meter 1576 @ 15,000/d for all of Feb,
- EOG transport of 10,000/d @ meter 1040 for all of Feb,

.... I then entered the remaining daily vols for meter 1040.

Lee


Marie was just telling me about your rough tour of duty in the French Alps
next week.  I speak a little high school French...perhaps you might need some
assistance while you are there...?!


After corresponding with various members of the OWG, PIWG, ISONP, and
ERCOT,  Reliant would like to propose the following change to compensation
for relieving local congestion:

When a resource is instructed to reduce its scheduled deliveries in order
to help relieve local Congestion and a Market Solution does not exist, the
compensation mechanism will always result in a zero sums gain to the QSE
for that instruction to the resource.  Basically, whatever the QSE is
charged or credited due to resource imbalance due to such an instruction
will be offset by the OOME payment so that the net effect is always zero.

The recommended language changes to section 6.8.2.2 are attached.

Manny

(See attached file: Sect6Reliant1201.doc)

 - Sect6Reliant1201.doc


Please find below the weekly project status update for GTV and the attached file for the updated project timelines. Changes are underlined.

GTV status meeting attendees:  Zhiyong Wei, Jeremy Wong, Nayan Dattani, Bill Fortney, Karima Husain, Thu Dang, Chuck Ames, Geoff Storey, Jay Krish, Russ Severson, George Grant, Mike Swaim.

Accomplishments:
?	Incorporating physical deal positions in TDS:
o	Changes for the view aggregation have been completed.
o	Expandable Total in Cash Position has been completed.
?	Single point of deal entry for term deals:
o	Released to production.
?	Gas Daily deals:
o	Released to production.
?	Live feeds for Gas Daily/intra-month curves:
o	Released to production.
?	Saving different views in TDS:
o	Completed.
?	Capability for desk roll-ups on an ad hoc basis (phase 2, on hold since 7/9/01):
o	New process for roll-up aggregators has been completed.
?	Option Grid (phase 2):
o	Released to production.
?	Gas Daily options (phase 2):
o	Released to production.
?	Basis Options (phase 2):
o	Development of deal entry type for Basis Options has been completed in TAGG.
o	Development of loading correlation curves has been completed.
o	Changes to the Translator have been completed.
?	Transport Deal Capture & Valuation (phase 2):
o	Creation of new deal entry type & database changes has been completed.
o	Changes to the Translator have been completed.
?	Add more information to the drill-down deal details.
o	Development has been completed.
?	New Flexible Deal Viewer.
o	Database schema design has been completed.

Plans for the week ending 08/03/01:
?	Continue User acceptance test of physical deal positions in TDS (Phase I items).
?	Continue IT development of Phase II issues.
o	Change PortCalc to value basis options.
o	Option reports (PL reports).
?	Add more information to the drill-down deal details.
o	User Acceptance Testing.
?	New Flexible Deal Viewer.
o	Continue GUI development.
o	Continue development of Query Engine.
o	Start working on loading data and related items.

Issues:
?	None.

Notes
?	Since Calgary office has not yet implemented the new GDI calc, there was a double counting issue with Canadian Gas Daily books last Friday, July 27. The IT team has been working closely with Calgary office to fix the problem as soon as possible.
?	In the last couple of weeks, a developer took a week and half off due to a family emergency and another developer took paternity leave for a week, which affected our project delivery timelines.

Thanks

Zhiyong


Enron Public Affairs has launched a new initiative: ENRON UNIVERSITY
AFFAIRS.  The overall mission of Enron University Affairs is to broaden the
depth and scope of our relationships with targeted universities through
building Enron brand recognition on campuses, leveraging research exchanges
between Enron and the Academic community, and identifying commercial
opportunities for Enron.  This initiative should also further Enron,s efforts
to hire and retain the world,s most innovative employees.

Leading this initiative are Christie Patrick, Vice President, Mike Rosen,
Director and Cindy Derecskey, in conjunction with her position as Public
Affairs Coordinator will also work with the University Affairs team.

Please join me in congratulating Christie, Mike and Cindy on their new
responsibilities.


For your reading pleasure.

I would add that I told them that their role would need to be defined by you,
the developer, and Technical Support.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/06/2001 01:42
PM ---------------------------

Sandra EECC Rodriguez @ ENRON_DEVELOPMENT on 02/06/2001 01:32:48 PM
To: Jude Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fred L
Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Robert Sevitz/NA/Enron@Enron,
Randy Pais/Corp/Enron@Enron, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron, Paula
Solomon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Dan Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: CO-OP CITY - MEETING MINUTES

Sent on behalf of Dan Shultz:


"I bring you good news of great joy that will be for all the
people. Today in the town of David a Savior has been born to you;
he is Christ the Lord." Luke 2:10, 11

Dear Americans,

As we prepare to celebrate the birthday of Jesus Christ, let
me take this opportunity to wish you a joyous Christmas
celebration and peace in the New Year. May the true meaning
of Christmas, God's gift of His own son as our savior, be
yours in this holiday season and throughout the New Year.

May God continue to bless our nation and its leaders,
especially President George Bush, as we confront an enemy
who hates everything this nation stands for -- peace,
freedom, justice, and faith.

"May the Lord our God be with us as he was with our fathers;
may he never leave or forsake us." 1 Kings 8:57

For America,

Bruce W. Eberle

============================================================
If you received this e-mail from a friend and would like to
regularly receive Millions of Americans Activist Alerts,
please click the link below to join.
http://www.millionsofamericans.com/joinmoa.cfm?A=580

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Alerts and would like to unsubscribe, please visit our web
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============================================================


Agreed.

 -----Original Message-----
From: 	Ingersoll, Richard
Sent:	Thursday, July 19, 2001 10:42 PM
To:	Rodriquez, Andy
Cc:	Nicolay, Christi; Baughman, Edward D.; Sturm, Fletcher J.; Steffes, James D.; Presto, Kevin M.; Will, Lloyd; Shapiro, Richard; Scott, Susan
Subject:	RE: A MISO Victory - Wounding of the Source to Sink Beast

Andy,  based  on my interpretation of your memo we are not tracking each other.  I believe we should have the right to sink just as the load control areas do.  This is an absolute must to level the playing field.  They have a huge advantage on any thing going to implementation.  We may need to go back to FERC or even the courts and,in my opinion we should not do any thing to weaken this stance.  If we get something better than ENTERGY take it but do not support it.  Let everyone know that we expect to be treated like any other player including the affiliates, Control Areas, and anyone else in the market place.  This is not the time to support a position that allows for discrimination.  You may want to discuss this in house.  But this is the position I think we should take on most issues as we go into the RTO era.  Sounds unbending but we must get a level playing field.  Now you know why I am not to popular in some meetings and some times with NERC staff.  So be it..

	Andy Rodriquez/ENRON@enronXgate 07/19/2001 06:19 PM 	   To: Richard Ingersoll/HOU/ECT@ECT  cc: Christi L Nicolay/HOU/ECT@ECT, Edward D Baughman/ENRON@enronXgate, Fletcher J Sturm/ENRON@enronXgate, James D Steffes/ENRON@enronXgate, Kevin M Presto/ENRON@enronXgate, Lloyd Will/ENRON@enronXgate, Richard Shapiro/ENRON@enronXgate, Susan Scott/ENRON@enronXgate  Subject: RE: A MISO Victory - Wounding of the Source to Sink Beast

Dick,

I am assuming you are referring to the "at-least-one" proposal?  I think that is a given that the "at-least-one" proposal is gone.

If you are referring to the alternate proposal "no S2S required, evaluate impacts at time of scheduling," that is essentially going to be the best we can get besides "no analysis and use TLR to solve the problems of over scheduling,"  and there is no way we will get that implemented.

I think based on you statement about FIST (they don't need the schedules until they reach implementation) means we are the same page here, but let me know if that is not correct.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771

 -----Original Message-----
From: 	Ingersoll, Richard
Sent:	Wednesday, July 18, 2001 7:11 AM
To:	Rodriquez, Andy
Cc:	Nicolay, Christi; Baughman, Edward D.; Sturm, Fletcher J.; Steffes, James; Presto, Kevin M.; Will, Lloyd; Shapiro, Richard; Scott, Susan
Subject:	Re: A MISO Victory - Wounding of the Source to Sink Beast

Andy, this is some what short of the ENTERGY restrictions but still much to restrictive to allow effective parking.  TheFIST program has shown that they do not need these schedules until they reach implementation.  The utilities within the MISOare not showing Source and Sink .  They are using there own systems to hide there true S$S.  I do not think we should support this solution even if we can not get it changed.  It will undermind other efforts to eliminate the advance requirement for source and sink.

	Andy Rodriquez/ENRON@enronXgate 07/13/2001 11:46 AM 	   To: Christi L Nicolay/HOU/ECT@ECT, Lloyd Will/ENRON@enronXgate, Richard Ingersoll/HOU/ECT@ECT, Susan Scott/ENRON@enronXgate, Kevin M Presto/ENRON@enronXgate, Edward D Baughman/ENRON@enronXgate, Fletcher J Sturm/ENRON@enronXgate  cc: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron  Subject: A MISO Victory - Wounding of the Source to Sink Beast

Yesterday, at the Midwest ISO, we successfully managed to quash the MISO's "at least one source-to-sink reservation" proposal.

MISO has been attempting to figure out a way to do security analysis on transmission reservations, and felt that the Entergy Source/Sink policy was too restrictive, but the policy of not requiring source-to-sink at any point was too relaxed.  Their proposal was that "at least one" reservation on a tag/schedule must have the true source-to-sink; otherwise, the tag/schedule would be denied for improper use.

Representatives from CINergy, Duke, Dynegy, ACES, Ameren and LG&E worked with me to fight this concept, arguing that it was effectively identical to the Entergy Source/Sink policy in almost all cases.  After a meeting and two conference calls, in which the MISO ignored our comments and continually pressed for their option, we finally managed to convince them that it was unacceptable.

The new policy that MISO is planning to operate under is as follows:

	1.) If, at the time a transaction is tagged/scheduled, the MISO reservation specified accurate source and sink, the tag/schedule will be approved.
	2.) If, at the time a transaction is tagged/scheduled, the MISO reservation did NOT specify accurate source and sink, but analysis indicates the transaction can flow without compromising reliability, the tag/schedule will be approved
	3.) If, at the time a transaction is tagged/scheduled, the MISO reservation did NOT specify accurate source and sink, and analysis indicates the transaction cannot flow without compromising reliability (i.e., the transaction will cause or contribute to a constraint), the tag/schedule will be denied

While this is not as unrestrictive as we might want, it allows us a great deal more flexibility that the Entergy Source/Sink barrier while at the same time allaying the MISO's reliability concerns.  Effectively, this allows us to redirect both firm and non-firm at the time of tagging/scheduling without a loss in transmission priority.  Not only will this give us more flexibility within MISO, but the MISO intends to sell it to the Alliance as well under the IRCA.

This also can give us a cornerstone in proving to the FERC that the Entergy S/S policy is not required for reliability, as other entities are able to meet reliability goals without the stifling limits Entergy claims are necessary.

As an aside, we are also pressing the MISO for a Redirection policy that will allow for "partial" redirects of service on a short term basis (the Separate proposal referenced in the attached document).  This will allow us to accomplish the same goals as the new MISO policy, but reduce the availability risk by allowing us to redirect prior to the time the transaction is tagged/scheduled.  These two proposals, when combined, will allow us for much more flexible uses of transmission without ignoring the reliability mantra providers chant whenever we ask for innovation and change.

A detailed write-up of the work accomplished is attached.  Proposal 4, Discussion item "Confusing POR/POD Naming," Discussion Item "MISO Proposal  ...time of scheduling," and the Resolutions should be of primary interest to those wishing to see more detail on the directions MISO is heading.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771
 << File: MISO PPRSG ReviewV4-FINAL.doc >>


-----Original Message-----
From: 	Bianchi, Rita
Sent:	Wednesday, November 21, 2001 5:37 PM
To:	Gracey, Rosemary; Zadow, Raetta
Cc:	Kirk, Steve; Winckowski, Michele; Darveaux, Mary; Williams, John
Subject:	Low Load GRI changes for 2002

Rosemary - Please forward to everyone in Marketing'
Raetta - Please forward to everyone in Gas Logistics.

The GRI rates will change, effective January 1,2002
Commodity changes from .0070 to .0055
High Load Reservation GRI (default) changes from .090 to .066
Low Load Reservation GRI changes from .0550 to .0407
Small Customer GRI (GS-T contracts) changes from .0110 to .0088

Marketers:
As the attached letter explains, I have redetermined which shippers are considered "Low Load" for the coming year.
The changes from Low to High or High to Low are listed in the letter.  A few customers flip-flop from year to year.  If any of your customers are affected, please advise them before January Reservation invoices go out (February 1, 2002).  NNG files a tariff change for the new rates, but does not file or mail out any notices about changes in a shipper's high/low load status.

John Williams/Gas Logistics - FYI.  The spreadsheet lists legal entities that are in the High Load or Low Load categories for 2002.
If a shipper is not listed, then it will default to the High Load GRI rate.

Call if you have questions.


Hey J-Boy, Just wanted you to know I made it home OK.  Keran was doing wonderful and I knew she & Brennen were ready for time to themselves.  I can't tell you how much I enjoyed our visits.  Tell Angie I missed seeing her and next time I want to visit with her too.  Thank you for your concern for Keran, You were there for me when I needed you.
Mel


We should discuss this asap.
---------------------- Forwarded by Lorraine Lindberg/ET&S/Enron on
08/10/2000 03:21 PM ---------------------------

"Richard Riehm" <rriehm@br-inc.com> on 08/10/2000 02:07:55 PM
Please respond to <rriehm@br-inc.com>
To: <Lorraine_Lindberg@enron.com>
cc:

Subject: I didn't think I was finished negotiating

Lorraine, I wanted to send you an e-mail about our negotiations regarding
TW/VV interconnect.  I don't want you to feel like I am trying to renegotiate
something you think we agreed to last week.

When we were talking last week about concessions I was seeking from TW in
lieu of underperfomance at the VV interconnect, I gave the example of
reducing our alternate delivery rate on the Jack Rabbit agreement, but I
wanted to talk to you further about it.  We agreed that you would call me
this week to talk about it.  It was my intention that the negotiations were
not over yet, but that we need to talk further.

Quite simply, a discounted rate on an alternate delivery point for an
agreement where I don't have a lot of volume does not do much for
Burlington.  The lack of TW's ability to accept nominated volumes from Val
Verde as mutually agreed to in the IPOA is a big and expensive issue to
Burlington.  It significantly limits our ability to operate the plant
efficiently, honor nominations of third party shippers on the system and it
is causing BR to nominate extra volume into the EPNG system which is
constrained.  All of these factors cost Burlington a significant amount of
money.

Some of the concession I am seeking include:  The same discounted rate to
make alternate deliveries into EPNG as TW at Blanco on agreement 25597.  The
same discounted rate for alternate receipts north of the LaPlatta compressor
station which in contrary to the language on agreement 25597.  I realize that
BR would be alternate firm, but the agreement would be higher in the queue
than interruptible.

Alternatively, what about terminating 25597 retroactively back to August 1.
The agreement expires at the end of the year and I really don't need the way
it is currently structured.  I have an IT agreement for $.03 with all of the
flexibility that I am looking for on 25597.

I have not sold this idea to my boss or anyone else in management.  We have
had a conceptual meeting about this issue.  It was agreed that our first
option was not to ask TW to spend a bunch of money to bring you into contract
compliance.  Instead we wanted to work with you to find some common ground.

The bottom line is that you have to give me something to take to my
management.  Please call me to discuss this.  I really do want to keep these
negotiation up beat.  I think past negotiations have not gone as well as you
or I would have liked.  I really look forward to talking to you and working
something out that is agreeable to both companies.

Richard Riehm
v:  713.624.9074
f:  713.624.9630
email:  rriehm@br-inc.com


Start Date: 2/28/01; HourAhead hour: 3;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022803.txt


Mark:  Did you have wind of Jason's story on Edison calling for an end to AB
1890?  His spin on the story was good one---Edison got everything it wanted
(out of 1890) and now it wants out of the contract.

The story seems worthy of a response, particularly since Jason's the
reporter.  Even the Chair of FERC recognizes that going backwards is not the
answer.

Best,
Jeff


Vince,

Thanks for the update. If there is anything I can facilitate or bring more
info about Ming,
please let me know.

Zimin

Vince J Kaminski
05/22/2000 01:15 PM
To: Zimin Lu/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Ming Sit

Zimin,

Some feedback I have received on Ming.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/22/2000
01:17 PM ---------------------------

Pinnamaneni Krishnarao
05/22/2000 12:35 PM
To: Dennis Benevides/HOU/EES@EES
cc: Vince J Kaminski/HOU/ECT@ECT, Ronnie Chahal/HOU/EES@EES
Subject: Re: Ming Sit

Dennis:
 I talked to Ming for only short time and am concerned about the cons  Scott
mentioned. I would like to know what your assessment is like. Also, I would
like Vince, Ronnie & myself to talk to Ming over the phone. Can we call him
directly and talk to him? Please let me know how strongly you feel about
having him as a support person.

Thanks,
Krishna.
x35485

To: Pinnamaneni Krishnarao/HOU/ECT@ECT
cc:
Subject: Re: Ming Sit

Krisna:

Are you still interested in hiring Ming Sit, through the research group.  If
so, please proceed and assign him to support EES.  Please let me know if I
need to provide any information.

Thanks
Dennis
---------------------- Forwarded by Dennis Benevides/HOU/EES on 05/22/2000
09:43 AM ---------------------------

James W Lewis
05/21/2000 11:44 AM
To: Dennis Benevides/HOU/EES@EES
cc: Scott Stoness/HOU/EES@EES
Subject: Re: Ming Sit

I like DB's suggestion.  Let's do it.

	Enron Energy Services

	From:  Dennis Benevides                           05/19/2000 03:31 PM
	Phone No: 713 853-9609

To: Scott Stoness/HOU/EES@EES
cc: James W Lewis/HOU/EES@EES
Subject: Re: Ming Sit

Got a little scared at your first sentence I read "He is no replacement for
Jay but he could be for Dennis B .."??.

Anyway:

I think he would be a good fit withing the group.  Krisna has offered to hire
him in the research group, he has good programing background and is excited
about working for Enron instead of a Utility such as PacificCorp.  He
expressed interest in applying his skill to make $$$$.

I suggest bringing him in in research as a first alternative.  I see three
potential applications where we can use his skills to evaluate best longer
term fit:
Continuing Ronnie's model building role, but with a focus within Neil's group
to tie RM systems together
Bridge the lack of Phd Econometrics expertise we have as are result of the
departure of Anoush.
Risk Management Systems Infrastructure development.

Scott Stoness
05/19/2000 02:02 PM
To: James W Lewis/HOU/EES@EES
cc: Dennis Benevides/HOU/EES@EES
Subject: Ming Sit

He is no replacement for Jay but he could be a Dennis B employee.

Pros:
Engineer so would be good at math
His boss hired him a 2nd time (1at TXU and again at Pacificor again) so he
must be reliable
Phd in Economics and Engineering (good) from Stanford (ugh :) :) :) )

Cons:
Does not understand Tariffs.  I asked him and he said he is not experienced.
I probed too and he does not understand regulatory that well.
Does not understand Ancillary Services (which is surprising to me since he
started out as an plant operation side of HK Power)
Has limited people management skills (he described 1 analyst he works with
that is not capable that he has to jump into the excel spreadsheet and fix it
for him and he cannot give him feedback because it is a utility mentality)
He is not a good communicator (I asked him to describe what he did in HK
Power and it took him forever to explain because he expected me to know that
plant operations meant planning the start up of oil plants).

Overall:
I suspect that he is a very solid guy when it comes to analysis but not
particularly creative or good at communication and leadership.  He would be a
great support person.
I would hire for analysis but not as a potential leader.Go


Jay,

Could you clear the composite pages on my EOL customer ID. I need to add some
products and I am having some trouble.

My ID is ADM08892.

Thanx,

Chris Dorland


David:
How's S.P.?  Wanted to ask you a question regarding your town house.  Have
you sold it or are you renting it out, b/c we might be interested in renting
it from you if you have not done so already.  Let me know what you think.
Talk to you soon.  Thanks
Ben


Some lawyers outside the swaps/Enron Net Works group are inquiring about
attending the CFMA session we have scheduled with Ken Raisler for Monday,
March 5th.   The CFMA raises a number of issues that are of interest
throughout the Enron Wholesale Services legal department, and I think a
presentation to the entire EWS group will probably be in order at some point.

However, I think it is important that we keep the March 5th session specific
to the swaps/Enron Net Works group.  This is meant to be more of a
question-and-answer "workshop" session rather than a "big-picture"
presentation of the new law.   My concern is that if too wide a variety of
questions and issues are raised, we will not have enough time to focus on the
detailed financial trading issues and the appropriate form changes we need to
discuss with Ken.

Please help me in keeping attendance at the appropriate level so that we may
have a productive and focused session.  Thank you -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Pierre-Philippe,

Thanks for your message. I shall be traveling for the next 3 days. In case
you want to reach me, you can always use my AOL E-mail address. I shall send
you the outline of my presentation in a week. I shall make my trip
arrangements later this week and I can book the hotel myself. What hotel
would you recommend?

Vince


They best way to manage your day gas problem would be to find counterparties that you are long last day prompt swaps (that are expiring now), and take them off throughout the day.  For example, if a counterparty wants to reduce settlement risk, you can have a futures broker help manage match swaps counterparties and do an offsetting futures position, from which you can get long futures.


---------------------- Forwarded by Robin Kittel/NA/Enron on 01/16/2001 04:02
PM ---------------------------

"Jerry Ward" <gward1@txu.com> on 01/16/2001 03:35:27 PM
To: Operations@ercot.com
cc:
Subject: Examples in Response to PUCT Staff Questions Regarding Docket No.
23220

(See attached file: Answers to PUCT January 5 questions2 through5
Jan19question3.doc)
---------------------- Forwarded by Jerry Ward/Texas Utilities on 01/16/2001
03:37 PM ---------------------------

"Jerry Ward" <gward1@txu.com> on 01/16/2001 03:21:46 PM

To:   Operations@ercot.com
cc:    (bcc: Jerry Ward/Texas Utilities)
Subject:  Examples in Response to PUCT Staff Questions Regarding Docket No.
      23220

OWG Members,

The following set of responses to the request of the Commission Staff for
examples of the operation and clearing of ancillary services markets have
incorporated the comments that we received from ERCOT and members of the OWG.
A
new question from the Staff concerning load has been answered by Reliant. It
is
my understanding that these responses will be conveyed to the PUCT by Mark
Walker on the 17th. If you have any comments please call me or Mark.

Jerry Ward
Cell 214-926-8637
Office 214-875-9254

 - Answers to PUCT January 5 questions2 through5 Jan19question3.doc


David,

Jeff Skilling, president of Enron, recently asked that I recommend a
visionary venture capitalists to speak at an upcoming YPO meeting that he is
hosting.  I recommended that Mr. Skilling contact you as a possible speaker.
He will likely be calling you in the near future to make this request.  I
know that you are busy, but would appreciate your consideration in this
matter.

I hope all is well.

Thanks,

Kevin Garland
Enron Broadband Ventures


Jeff, thanks again for attending the discussions with DWR.

Do you have any recon.... on exactly which plants DWR has the right to bring the fuel on. As Mark indicated, it was about 1/3 of their exposure, and most of that was in the south service area, but I am very interested in the actual facilities and whom used to bring fuel to them or run the units.'

There is a zero sum game on fuel... but the landscape changes depending on who buys it and how they buy it!

Any thoughts.

BT


Dale,

Will you please create the following products for me when you get the
chance?  I would like to have GD/D HHUB vs EP San Juan,  GD/D HHUB vs. EP
Permian, GD/D HHUB vs. Malin, and  GD/D HHUB vs. Kern/Opal.  These will look
like the GD/D HHUB vs. SCal that we currently have in EOL.

Also, Can I please create three Gas Daily basis products. GD/D BAJA spread -
This spread will simply be the GD/D SCAL vs. PG&E Citygate.
The GD/D Redwood off-system spread - GD/D Malin vs. SCal.  The GD/D Redwood
on-system spread -   GD/D Malin vs. PG&E Citygate.

Call me to discuss.  Thank you.

Mike Grigsby
x37031


Start Date: 4/11/01; HourAhead hour: 21;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041121.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 21 / Preferred:   2.30 / Final:   2.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI


Thanks, Tom, of tremendous interest to several people here at Enron Europe,
and affiliates.   mcs

Tom Kearney
10/01/2001 09:33
To: Mark Schroeder/LON/ECT@ECT, Paul Dawson/Govt. Affairs/LON/ECT@ECT
cc:

Subject: California Electricty - CSFB Report

of passing interest?
---------------------- Forwarded by Tom Kearney/LON/ECT on 10/01/2001 09:36
---------------------------

Tom Kearney
10/01/2001 09:32
To: Enron London Coal Team
cc: George McClellan/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Matthew
Arnold/HOU/ECT@ECT

Subject: California Electricty - CSFB Report

 - grldoc0.pdf


Gary --

Do you still have a contact at Waste Management?  I hear their financial troubles seem to be under control.  Just wanted to start some inquiries?

Jim


I am sorry I do not.

 -----Original Message-----
From: 	Anderson, Bridgette
Sent:	Friday, August 10, 2001 10:18 AM
To:	Perlingiere, Debra
Subject:	FW: Distrigas LLC

	Debra,

	Do you have any deal numbers that I can research so that I can answer your question below?

 -----Original Message-----
From: 	Richardson, Stacey
Sent:	Thursday, August 09, 2001 3:09 PM
To:	Anderson, Bridgette
Cc:	Perlingiere, Debra
Subject:	FW: Distrigas LLC

Can you please help Debra with this request?  I assume she's referring to Tractebel as the parent.  I'm not sure how much business we do with Distrigas.  I would run the contracts for this CP, then run the deals for the contracts, and spot check most of the recent/current ones.

Thanks!
SBR

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Thursday, August 09, 2001 2:40 PM
To:	Richardson, Stacey
Subject:	Distrigas LLC

 Can you tell me whom the trader / or business person is for this company? They are a sub of Tracebel.

 Thanks

Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax


FYI

 -----Original Message-----
From: 	Page, Lucy
Sent:	22 November 2001 11:41
To:	Murphy, Ted; Nath, Tani; Mahoney, Chris; Staley, Stuart; Dallmann, Shane; Towarek, Michael; Harris, Clay; Hall, D. Todd; Murray, Paul; Blesie, Brad
Cc:	Taucher, Lisa; Ahamer, Karin; Favero, Jana; Marshall, Christie; Sutcliffe, Michelle; Bignall, Pip
Subject:	BEWARE!

All,

Earlier today, an individual at Enron was contacted by someone claiming to be Jackie Buckhold (HR) from Dynegy.  The caller was requesting a copy of an organisational chart.  Evidence now seems to point in the direction that the caller was not Jackie Buckhold at all, but a recruitment consultant.

Please be aware that we should be exceptionally careful when providing information externally to maintain the confidentiality of Enron.  This is a common tactic of recruitment agencies, please emphasise to your staff that all external requests for internal information should be passed through yourselves or HR.

thanks and regards,

Lucy


5.245 by 5.255


fyi
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/08/2001
01:21 PM ---------------------------
From: Max Eberts@EES on 07/06/2001 07:01 PM
To: Marty Sunde/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Elizabeth
Tilney/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Robert C Williams/Enron@EnronXGate, Steven J Kean/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Evan Hughes/HOU/EES@EES, Tom Riley/Western Region/The
Bentley Company@Exchange
cc:

Subject: UC/CSU press release

Here is the approved press release. UC/CSU added a few more details
concerning the extension of the contract.


Attached herewith is the filed Conference Report statutory and report
language for the Department of Defense Reauthorization.  Today, at 5:00 p.m.
EST, The House Rules Committee will meet to formulate a rule on H.R. 4205,
The Floyd Spence National Defense Authorization Act for FY2001--Conference
Report .  The plan is to then vote on both the Rule and the Conference Report
on the House floor tomorrow, October 11th.  The Senate also plans
consideration this week, but they have not yet announced their exact date for
floor consideration (and they are still seeking resolution of the price cap
concerns which could result in a possible filibuster.)

The Conference statutory language and report language is a victory for Enron
Federal Solutions which had been threatened with House language which would
have required a sole source by the local franchise utility.  The House
receded to the Senate language (translation:  the Hefley language was
killed.)  Further, the political compromise reached does not support state
franchise rights; nor does it challenge Federal sovereignty; nor does it
challenge bundling; but it does affirm the competitive rights for non-utility
bidders.

Given the resources employed by EEI and their member companies plus employed
by APPA, NRECA and NARUC, this is a major victory for EFS and the DOD.  By
close of business today, we need to determine whether or not to proceed with
a possible floor Colloquy.

Congratulations to all involved with this successful team effort!

SEC. 2813. CONVEYANCE AUTHORITY REGARDING UTILITY SYSTEMS OF
          MILITARY DEPARTMENTS.

     (a) Selection of Conveyee.--Subsection (b) of section 2688 of title
  10, United States Code, is amended--
     (1) by inserting ``(1)'' before ``If more than one''; and

     (2) by adding at the end the following new paragraphs:

     ``(2) Notwithstanding paragraph (1), the Secretary concerned may use
  procedures other than competitive procedures, but only in accordance
  with subsections (c) through (f) of section 2304 of this title, to
  select the conveyee of a utility system (or part of a utility system)
  under subsection (a).
     ``(3) With respect to the solicitation process used in connection
  with the conveyance of a utility system (or part of a utility system)
  under subsection (a), the Secretary concerned shall ensure that the
  process is conducted in a manner consistent with the laws and
  regulations of the State in which the utility system is located to the
  extent necessary to ensure that all interested regulated and unregulated
  utility companies and other interested entities receive an opportunity
  to acquire and operate the utility system to be conveyed.''.
     (b) Applicability of Regulatory Requirements.--Subsection (f) of such
  section is amended--
     (1) by inserting ``(1)'' before ``The Secretary''; and

     (2) by adding at the end the following new paragraph:

     ``(2) The Secretary concerned shall require in any contract for the
  conveyance of a utility system (or part of a utility system) under
  subsection (a) that the conveyee manage and operate the utility system
  in a manner consistent with applicable Federal and State regulations
  pertaining to health, safety, fire, and environmental requirements.''.

                      Conveyance authority regarding utility systems of
military

           departments (sec. 2813)

       The House bill contained a provision (sec. 2813) that would amend
   section 2688 of title 10, United States Code, to require the secretary
   concerned to comply with the competition requirements of section 2304 of
   title 10, United States Code, in the conveyance of utility system
   infrastructure. The provision would also require that the secretary
   concerned carry out a conveyance or award only if he determines that the
   conveyance or award complies with State laws, regulations, rulings, and
   policies governing the provision of utility systems.
       The Senate amendment contained a provision (sec. 2813) that would
   amend section 2688 of title 10, United States Code, to clarify that the
   secretary concerned may use procedures other than competitive procedures
   only under the circumstances specified in section 2304 (c) through (f)
   of title 10, United States Code.
       The House recedes with an amendment that would require the secretary
   concerned to structure the solicitation process for the privatization of
   utility systems on military installations in such a manner that would
   allow, to the maximum extent possible, all interested regulated and
   unregulated entities the opportunity to acquire and operate utility
   systems on military installations regardless of franchise rights in the
   area of the installation concerned. The amendment would also direct the
   secretary concerned to require the conveyee or awardee of the utility
   system to manage and operate the utility system consistent with federal
   and state regulations pertaining to health safety, fire, and
   environmental requirements.


* Meet The Factory Representatives from the leading Sporting Goods
Manufacturers!

* FREE Raffles in all departments for Great Prizes valued from $70.00 to
$800.00! No Purchase Necessary!

* Special REP DAY SALE Pricing!

If you can't make it to the Store, take advantage of the many items that
will be on
SALE today thru Sunday, November 18th as part our of
our Rep Day Event.

For More Details go to http://www.paragonsports.com

Thanks and hope to see you Saturday!

You received this e-mail because you opted to receive such updates when
you registered with ParagonSports.com.  To unsubscribe, simply visit your
ParagonSports.com 'My Account' page at
https://www.paragonsports.com/paragon/shopper_update.asp and uncheck the
box that reads 'Yes, I would like to receive information on product sales
promotions, events or any other information.'  Then click the 'Save
Changes' button to save your new preferences.


Cool... keep me posted on how you like the service.  It usually takes
between 2-4 hours to install.

Hope all is well!

Kim

-----Original Message-----
From: Darron.C.Giron [mailto:Darron.C.Giron@enron.com]
Sent: Tuesday, September 18, 2001 2:15 PM
To: Darron.C.Giron; Mayers, Kim L.
Subject: FW: Broadband Direct

>  -----Original Message-----
> From:     Giron, Darron C.
> Sent:     Tuesday, September 18, 2001 11:47 AM
> To: Kim Mayers (E-mail)
> Subject:  Broadband Direct
>
> They are going to install the system on 9/29 (9am-11am).  My
> brother-in-law got it recently and seems to like it.  He lives even
> further away from the city than me, so it should be OK.  See ya.
>
> DG

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


I have attached final drafts of the Bonneville and Enestar response letters.
Please review and revise the Bonneville letter and send it out. Let me know
if you have any comments to the Enestar letter and I will send.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 02/01/2000
11:52 AM ---------------------------

Twanda Sweet
01/31/2000 06:11 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Revised Letters


Ms. Jones,

Please see the attached Non-disclosure agreement.  I made a very minor
change.  Call or e-mail me if you have any questions.

Thanks,
Chris Concannon
VP, Business Development
The Island ECN, Inc.
212-231-5009

-----Original Message-----
From: Rodney Faragalla [mailto:rfaragalla@island.com]
Sent: Monday, July 31, 2000 10:31 AM
To: 'Tana Jones'
Cc: 'John Pavetto'; crc@island.com
Subject: RE: Island ECN Inc. Confidentiality Agreement

Ms. Jones,

I was not aware that the agreement was not executed.  I have forwarded this
message on to our VP Business Development for review.

If you do not hear from anyone in the next few days, please do not hesitate
to contact me.

Regards,

Rodney A. Faragalla
VP of Operations
The Island ECN, Inc.
50 Broad Street, 6th Floor
New York, NY 10004
Phone (212) 231-5032
Fax (212) 487-2983

-----Original Message-----
From: Tana Jones [mailto:Tana.Jones@enron.com]
Sent: Monday, July 31, 2000 10:22 AM
To: rodney@island.com
Cc: John Pavetto
Subject: Island ECN Inc. Confidentiality Agreement

Mr. Faragalla,

I am checking on your review of the Confdientiality Agreement referenced in
our
earlier email below.   When might we expect to hear some comments from you?
Please let me know.
----- Forwarded by Tana Jones/HOU/ECT on 07/31/2000 09:19 AM -----
|--------+----------------------->
|        |          Tana Jones   |
|        |                       |
|        |          07/12/2000   |
|        |          05:18 PM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     rodney@island.com
|
  |       cc:     Louise Kitchen/HOU/ECT@ECT, John Pavetto/Corp/Enron@Enron
|
  |       Subject:     Island ECN Inc. Confidentiality Agreement
|

>---------------------------------------------------------------------------
-|

Please find attached a copy of the referenced Confidentiality Agreement.
Please
call me at (713) 853-3399 if you have any comments or questions.  If the
agreement meets with your approval, please have an authorizied officer of
the
company execute it and return the signed document to me at the fax number
below.
Thanks for your attention herewith.

(See attached file: islandECN.doc)

Tana Jones
Paralegal
Ph:  (713) 853-3399
Fax:  (713) 646-3490

 - Enron Island NDA.doc


yes i want to contribute, and thank you for doing this.

	Enron North America Corp.

	From:  Kimberly Brown                           11/14/2000 01:45 PM

To: Scott Neal/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Sandra F
Brawner/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Andrea
Ring/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Chris
Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Kate
Fraser/HOU/ECT@ECT, Tammi DePaolis/Corp/Enron@ENRON, Maureen
Smith/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Sean
Boyle/Corp/Enron@ENRON, Scott Goodell/Corp/Enron@ENRON, Victoria
Versen/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT
cc:
Subject: Enron Kids

I picked out two kids today for our group.  I will be collecting money for
christmas gifts for the kids through next Wednesday.  Please let me know if
you would like to make a donation.  Last year we gave $20 each.

Thanks


I think Enron and my career are finished.


-----Original Message-----
From: 	Theriot, Kim S.
Sent:	Thursday, January 24, 2002 9:00 AM
To:	Love, Phillip M.
Cc:	McMichael Jr., Ed
Subject:	Financial Termination Master List
Importance:	High

See attached file as requested.  These are all of the Financial Terminations that were requested to be moved to the Bankruptcy Book.

Below is the additional list of termination moves requested yesterday after a reconciliation was done on the Exposure report (from Don Miller) against the termination log.

CP ID	     Counterparty

8	     Amerada Hess Corporation
64516	     Avista Corporation
55265	     Avista Energy, Inc.
65291	     BP Corporation North America Inc.
23848	     Cabot Oil & Gas Marketing Corporation
79689	     Calpine Energy Services, L.P.
5264	     Cargill, Incorporated
65599	     CMS Field Services Inc.
56630	     Consolidated Edison Solutions, Inc.
52577	     Cornerstone Propane, L.P.
64141	NJR Energy Services Company
151	Northern Illinois Gas Company
69121	NRG Power Marketing Inc.
63665	Occidental Energy Marketing, Inc.   *********
54438	PG&E Energy Trading, Canada Corporation
58402	PG&E Energy Trading-Gas Corporation
46709	Phibro Inc.
55776	Pioneer Natural Resources USA, Inc.
33367	PMI Trading, LTD
49262	Questar Energy Trading Company
65268	Reliant Energy Services, Inc.
103469	Sequent Energy Management, L.P.
3996	Sithe Energies, Inc.
26146	Societe Generale
11134	St. Mary Land & Exploration Company
81385	The New Power Company
37810	Venoco, Inc.
96651	Vitol Capital Management Ltd.
46924	Vitol S.A.
232	Western Gas Resources, Inc.
237	Wisconsin Power And Light Company

Call with any questions.

Kim Theriot
x. 31771


---------------------- Forwarded by Steven J Kean/NA/Enron on 04/16/2001
01:43 PM ---------------------------

Steven J Kean
04/15/2001 08:02 PM
To: Ray Alvarez/NA/Enron@ENRON
cc:

Subject: Re: ISO Market Stabilization Plan

Thanks for taking the lead on this.  Note Tim's question about handicapping
the liklihood of approval.  Prices will move in the West based on these
odds.  We need to have a better view than anyone else.

Ray Alvarez
04/13/2001 01:19 PM
To: James D Steffes/NA/Enron@Enron
cc: Tim Belden/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan
J Mara/NA/Enron@ENRON

Subject: Re: ISO Market Stabilization Plan

Tim,  although there's always a "chance" my impression is that the FERC won't
buy the ban on exports, as this would appear to run afoul of the Commerce
Clause and certainly goes counter to everything that FERC hopes to accomplish
with their own Order 888 and 2000 initiatives.  I am less certain about the
direction FERC will go on pricing, since even the staff has recognized
stumbling blocks in their own recommendation and offers possible variants.

The ISO has not submitted revised tariff sheets for approval yet, so it is
unlikely they would try to implement their own plan in the near term.  If
they try to do so without FERC approval, possible legal avenues might include
the filing of a complaint at FERC, asking for fast track processing (this
"fast" is measured in weeks, not days) and/or seeking injunctive relief in
court (faster), which can be hard to obtain but not impossible, depending
entirely on the circumstances.

Will keep you posted if I learn anything new on this.  Ray

James D Steffes
04/12/2001 11:21 PM
To: Tim Belden/HOU/ECT@ECT
cc: Joe Hartsoe/Corp/Enron@ENRON, Ray Alvarez/NA/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan
J Mara/NA/Enron

Subject: Re: ISO Market Stabilization Plan

Ray --

Can you please take the lead in responding to Tim re:  FERC v. state actions?

Sue --

Any info on whether the ISO would do this unilaterally?

Jim

To: Joe Hartsoe/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Ray
Alvarez/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON
cc:

Subject: ISO Market Stabilization Plan

The recent plan filed at FERC is horrible.  The two most aggregious parts are
the cost based standing bids and the ban on exports.  I know that we are
commenting on this proposal.  I am also looking for intellegence on whether
the ISO proposal has any chance of getting approved by FERC.  If it is not
approved by FERC, what can the Californians do?  California has ignored FERC
before.  If they attempt to unilaterally implement changes what is the
likelihood that the Feds step in to intervene?  If you hear anything on this
matter please keep me posted.  The proposed plan will have a huge impact on
the California market and we need as much advance notice as possible.


Please remember the Perfromance Reviews meetings with your employees.

Thanks!
---------------------- Forwarded by Erica Mestre/SA/Enron on 01/17/2001 03:49
PM ---------------------------

Erica Mestre
01/10/2001 03:52 PM
Sent by: Erica Mestre
To: Julie Ramos/SA/Enron@Enron, Martha Stevens/HOU/ECT@ECT, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob G Gay/NA/Enron@Enron, Brett
R Wiggs/SA/Enron@Enron, mtaylo1@enron.com, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Year-end performance reviews

Please remember to have the Performance Review meeting with your employee
prior January 20th and send me the Evaluation form signed by you and the
employee. If your employee has participated in the PRC meetings please get in
contact with his/her PRC representative in order to get his/her feedback and
last rating for your employee. That rating will be the final one.

Julie: Ariel Bruch

Martha: Veronica Leppez and Laura Feldman

Jose: Guillermo Canovas

Rob: Guillermo Atenor

Brett: Federico Cerisoli

Mark: Andrea Calo

Jeffrey: Luis Juarros

Please call me if you have any questions.
Thanks!
Erica.


Johnnie Nelson repaired our flow direction controls today.

 -----Original Message-----
From: 	Ellington, Michael
Sent:	Monday, November 26, 2001 3:56 PM
To:	DL-ETS Gas Controllers
Subject:	PNM Rio Puerco

Had some problems getting this interconnect on rate today. Steve Richards went out and got the flow contol valves to where they will operate, however, we cannot change flow direction from Gas Control. If the direction needs to be changed, someone will have to go out and do the valve changing manually.

Thanks,

Mike E.


---------------------- Forwarded by Dana Davis/HOU/ECT on 09/26/2000 02:38 PM
---------------------------

"Moore,Denise I" <denise.moore@dhs.state.tx.us> on 09/26/2000 02:29:19 PM
To: abraham5@flash.net, bettynance@dellnet.com, ddavis@enron.com,
cmontgomery@kmg.com, ahill8314@aol.com, editherica@aol.com, cashley@poha.com,
jwashing@mail.mdanderson.org, witness4him3@juno.com
cc:
Subject: FW: Women's Ministry

Ladies,

     Here is the response from Ruby to our request for our Christmas
meeting.  Please mark your calendars accordingly.  Also please add Ruby and
her family to your prayer list.

Be Blessed,
Denise

-----Original Message-----
From: Miles, Ruby [mailto:Ruby.Miles@getronics.com]
Sent: Tuesday, September 26, 2000 2:23 PM
To: 'Moore,Denise I'
Subject: RE: Women's Ministry

Hi Denise,

I really appreciate your note - and yes, it will be great and a tremendous
BLESSING to see my sisters in Jesus... I will place that on my calendar; I
generally take some time off that time of the year, so I will be looking
forward to it.  What a wonderful celebration it will be... Since I live so
far; no one really has to help me; but if they want to, it would be greatly
appreciated; but mostly I hope that lots of ladies come... When you told me
that y'all eat anything, that's fine with me; just let me know a few days in
advance, how many people you think will be coming and I'll be ready...I love
to have people come together in my home... it will be a blessing...

There are several reasons that I'm not available lately - the main one being
of course, I'm working approximately 12-15 hours a day - it is a very trying
time for me right now and I need all the prayers that I can get; please
continue to do that; the other reason is; I'm physically tired; I'm 53 years
old and have been having lots of responsibility for most of my adult years!

I was been blessed to be able to come back to Houston 12 years ago and was
afforded an opportunity to buy a new home and was at that time within 15
minutes of my job (not anymore); hence I live "quite" a ways from church -
by distance approximately 38 mi.; by time depending on whose doing the
driving(smiles) and which way you come approximately 45 min. So after years
and years of having to drive so far at least 6 days a week, I'm tired...

God bless you and the Women's Ministry for thinking of me and my family at
such a special time in any Christian's life and I look forward to the
fellowship.  Keep me posted.

Love and God's grace to you,
Ruby

-----Original Message-----
From: Moore,Denise I [mailto:denise.moore@dhs.state.tx.us]
Sent: Tuesday, September 26, 2000 9:21 AM
To: Ruby.Miles@getronics.com
Subject: Women's Ministry
Importance: High

Good Morning Ruby,

     I hope God has found favor with you this morning.  I have a request of
you.  I don't know if you remember in May when we talked about having a
women's ministry meeting at your home.  Well, we met briefly last night and
we are requesting that you, your mother, and aunt allow us to come and share
with you during the Christmas holiday.  We would like you to co-host the
meeting in December.  We are looking for a Saturday, due to Pastor Wallace
having class on Sunday's now.  We would like to know if you would be willing
to co-host on December 16.  The reason I say co-host, is we always partner
up with someone.  And we want to afford you the same opportunity.

     Our meetings generally consists of prayer, praise and worship.  We
sing, do bible study and just fellowship with one another.  During
Christmas, we also do a gift exchange.  We buy one $10 gift for no one in
particular, put numbers on them and them draw the numbers out of a hat.

     We thought the celebration of our Savior's birth would be a good time
to come and pray with and for your family.  Please let me know.  I hope to
see you soon.  We really have been missing you.

Be Blessed,
Denise


You put a smile on my face with your message.... The reading material is no
big deal - It is some Gas Rags story about Skillings comments.
And your customer is completly happy with her trim - However , She (me) wants
to be a regular client.


Theresa:  thanks for all your help over the last week.  We really appreciate
it and are glad we can cooperate so closely with the Denver office.  If you
need anything, let us know.  Again, Thanks.


ylem (I-lum) noun

   A form of matter hypothesized by proponents of the big bang theory
   to have existed before the formation of the chemical elements.

[Middle English, universal matter, from Old French ilem, from Medieval
Latin hylem, accusative of hyle, matter, from Greek hule.]

   "Alpher and Gamow focused on the point when the universe had cooled to a
   state consisting of radiation and matter, ylem, Greek for the primordial
   stuff of life."
   Joseph D'Agnese, The last Big Bang man left standing, Discover, Jul 1999.

This week's theme: words that make one say, I didn't know there was a word
for that.

.............................................................................
In theory, there is no difference between theory and practice; In practice,
there is. -Chuck Reid

Ralph Waldo Emerson once said, "Language is a city to the building of which
every human being brought a stone." Invite your friends and family to join
in the quest by sending a gift subscription of A.Word.A.Day. It is free!
http://wordsmith.org/awad/gift.html

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


OK, so now I feel guilty.  Please feel free to go to church this evening.  You can come by afterwards.
        :)  ii


<<MF May 11th, 2001.pdf>>

    Good Friday Morning - Comments From The
Local Guys!

Economic data so far this quarter has been extremely ambiguous. On the one
hand, the employment figures released last Friday were soft, with net hiring
shrinking for the second consecutive month and the unemployment rate rising
to 4.5%. On the other hand, consumer sentiment has improved, and the April
retail sales figures were stronger than anticipated. As we have mentioned,
this mixed data has increased the odds the Federal Reserve will ease by only
25bp next Tuesday. At this stage, Lehman Brothers' economists still think
the odds favor a 50bp cut, given the underlying weakness in the economy,
particularly in high-tech and manufacturing, together with the abysmal
employment data.

The change in the perception on the strength of the economy can be seen in
the higher interest rates posted below.

The 30-year US T-Bond yield is 5.87%.
The 10-year yield is 5.47%.
The 5-year is trading at 4.98%.
Spot crude oil is trading at $28.62 p/b.
Natural Gas - Henry Hub -  is trading at $4.27 p/mcf.

   AD Time:

New Federal Insider-Trading Rule (Rule 10b5-1) have been adopted by the SEC
under the Securities Exchange Act of 1934. This rule greatly enhances an
insider's/employee's ability to trade his/her corporate shares during
blackout periods.
Previously, without the protection of this new SEC rule, employees and
insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and
sell their corporate shares even during blackout periods if a written plan
was established and in force when the insider/employee was not in possession
of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.

Lehman Brothers has established a turn-key plan that take into account the
regulatory procedures for establishing such a plan.    Please email us or
call us for more information.

    Lehman Brothers' Research.

IMPACT CALLS

Entertainment S. Linde, .212.526.4009
Upfront Preview: CBS and FOX Appear Well Positioned
*With the WGA negotiations all but settled, the Entertainment industry will
now turn its sights to the upfront selling cycle, which
commences May 14 with presentations from the major Networks lasting through
May 17.
*The current ad market has created fears of a weak upfront market. Ad buyers
must be careful not to look at the current economic
environment as a proxy for the future. Based on this premise, there may be
upside to our 5%-10% estimated decline in upfront sales
(based on 65%-70% inventory sales with low to mid single digit price
increases).
*In our opinion, VIAB and FOX are the best positioned for this year's
upfront given that improved ratings in the key 18-49
demographic combined with our expectation for modest CPM increases will
boost unit pricing.

Reebok Intl Ltd(RBK) 2 - Buy R. Drbul, .212.526.4714
Preview of Investor Day on May 21 (C)
OLD NEW STREET P/E
Price: $27.20 EPS 2000 N/A $1.41 N/A N/A
52 Wk Ra: $32 - 12 EPS 2001 $1.77E $1.77E $1.73E 15.4
Mkt Cap: $1.7B EPS 2002 $2.05E $2.05E $2.00E 13.3
FY: 12/31 Price Target $36 $36
Rank 2 2
*On May 21, Reebok will be hosting an investor day in Canton, Massachusetts.
We believe that this event should be highly
informative as investors will have the opportunity to view the crucial back
to school product line as well as hear several key
executive presentations.
*We expect to hear presentations from David Perdue, a Reebok veteran and
recently appointed president of the Reebok brand, Jay
Margolis, president of the specialty division (Rockport, Ralph Lauren
footwear and Greg Norman brands) and Terry Pillow,
President of the Rockport brand, among others.
*We will also be looking for additional information on the company's new NFL
licensing deal, which could generate $200 million and
be accretive by $0.05 in 2002 (included in our 2002 estimate).
*We believe that an inflection point in the stock could be the 3Q01, where
we are estimating $60 million of NFL revenues. This
incremental revenue should aid in 12% overall revenue growth for RBK.

FOCUS STOCKS
StorageNetworks, Inc(STOR) 2 - Buy H. Blount, .212.526.9128
Meeting with Management--Demand Remains Robust (C)
OLD NEW STREET P/E
Price: $16.8 EPS 2000 N/A -$1.37 N/A N/A
52 Wk Ra: $154 - 7 EPS 2001 -$1.31E -$1.31E -$1.32E N/A
Mkt Cap: $1.6B EPS 2002 -$1.10E -$1.10E -$0.87E N/A
FY: 12/31 Price Target $28 $28
Rank 2 2
*Our meeting with senior management yesterday confirmed that demand for
STOR's services remains strong; we believe that the stock
is still undervalued at current levels despite its recent rise.
*STOR's management stated that the pipeline of activity for new customers
continues to be robust and that its current customer base is
also growing.
*We believe that STOR is benefiting from the increasing complexity of
managing enterprise data storage environments.
*We believe STOR is funded to profitability.
*The company's maturing sales force should lead to continued productivity
gains. In addition, STOR is shifting its revenue mix to
higher margin services.
*We believe that the stock overhang stemming from the lock-up expiration is
largely behind us.
*Despite its recent run, the stock is still trading at a discount to its
peer group.

McDonald's Corp(MCD) 1 - Strong Buy M. Speiser, .212.526.3255
Reducing '01 EPS not on Ops/adj share base & int expense
OLD NEW STREET P/E
Price: $27.2 EPS 2000 N/A $1.46 N/A N/A
52 Wk Ra: $40 - 25 EPS 2001 $1.50E $1.46E $1.50E 18.6
Mkt Cap: $37.6B EPS 2002 $1.71E $1.66E $1.69E 16.4
FY: 12/31 Price Target $38 $38
Rank 1 1
*Our lower EPS view is not based on weakening Operations, but is due to
adjustments to our share base & interest expense estimates.
So we do not expect much impact on the stock. Lowering already-weak EPS
expectations will likely prove to be beneficial for the
stock. Maintain Op outlook
*Reducing our '01 EPS view from $1.50 to $1.46, now flat vs. a yr-ago & the
low on the Street
*Our revision reflects adjustments to our share base & interest expense
estimates. With $1.2b in buyback targeted in '01 & $452m
done in 1Q, our previous forecast reflected more aggressive repo; mgmt is
adamant that '01 buyback would not pass $1.2b. Also,
higher debt levels will not likely be offset by weak currencies as much as
we thought
*Imp'rtantly our Op outlook albeit weak is unchanged
*Maintain 1-rating. We're now confident that our '01 EPS view will not be
lowered anymore. With the shares at a 4+ year valuation
low & the bar on expectations very low, the risk/reward is favorable

IBM Corp(IBM) 1 - Strong Buy G. Elling, .212.526.3823
Innovate and Integrate: Gerstner Gives Vision for Future
OLD NEW STREET P/E
Price: $116.98 EPS 2000 N/A $4.44 N/A N/A
52 Wk Ra: $135 - 80 EPS 2001 $4.90E $4.90E $4.85E 23.9
Mkt Cap: $212.0B EPS 2002 $5.45E $5.45E $5.47E 21.5
FY: 12/31 Price Target $160 $160
Rank 1 1
*Yesterday IBM hosted its annual meeting for security analysts in New York.
While there were no major surprises, CEO Lou Gerstner
did outline some trends for the future, and stressed the importance of
innovation and integration (i.e., Technology and Services) for
the company going forward.
*Gerstner emphasized the importance of services as a driving force in all IT
spending, including hardware and software. Gerstner also
cited the need for continued technological development as a way to avoid
price wars driven by commoditization of products.
*Gerstner stressed IBM's commitment to high single-digit revenue growth and
double-digit earnings growth in the future. Gerstner
indicated that the company would not simply grow revenue at any cost, but
was instead focused on EPS and cash flow driven by an
operational execution.
*We maintain our current estimates and reiterate our 1-Strong Buy rating on
IBM shares.
IT Consulting & Computer Services K. Keirstead, .212.526.0442
Gerstner's View of IT Services
*Yesterdays comments from the CEO Lou Gerstner and the head of IBM Global
Services Doug Elix represent positive long-term
statements about the IT services industry. IBM is positioning itself as a
services-lead company and claimed that the services business
is now the most important segment of the technology sector. The meeting
supports our positive view of EDS while the comments
about the consulting and systems integration market make us incrementally
more worried about Sapient and Computer Sciences.

Electronic Arts(ERTS) 3 - Market Perform F. Kantor, .212.526.5562
Upside to Q; Outlook Bullish; Wish Stock Were Cheaper (C)
OLD NEW STREET P/E
Price: $54.52 EPS 2000 N/A $0.00 N/A N/A
52 Wk Ra: $62 - 25 EPS 2001 $0.84E $0.89E $0.68E 61.3
Mkt Cap: $7.6B EPS 2002 N/A $1.71E $1.74E 31.9
FY: 3/31 Price Target N/A N/A
Rank 3 3
*There is no doubt in our minds that ERTS is one of the premier publishers
in the industry. The co's solid performance in a difficult Q
makes it easy to believe that when hurdles are absent (i.e. an abundance of
game consoles) they can outperform. That said, we wish
the stock were not so pricey. Due to valuation, we reiterate our market
perform.
*1Q01 operating EPS of $(0.09) vs $0.08 were better than our $(0.15) est.
Most of the upside came from EA Core, where in line revs
were bolstered by lower op. exp. At EA.com, slightly higher revs were offset
by lower margins.
*We are raising our consol. FY02E to $0.89 from $0.84 and are initiating
quarterly EPS of $(0.13), $(0.05), $0.87 and $0.20. We are
also initiating a consol. FY03E EPS of $1.71.
*Adjusting for EA.com, ERTS currently trades at a forward P/E of 35.3x -
higher than hist averages. Though ERTS is on the cusp of
solid growth, this valuation indicates that it is currently in the stock.

IDEC Pharmaceuticals(IDPH) 2 - Buy M. Wood, .212.526.4035
IDEC: Response on Zevalin to the FDA by mid-July. (A,C)
OLD NEW STREET P/E
Price: $54.19 EPS 2000 N/A $0.30 N/A N/A
52 Wk Ra: $78 - 19 EPS 2001 $0.52E $0.52E $0.55E 104.2
Mkt Cap: $6.9B EPS 2002 $0.67E $0.67E $0.84E 80.9
FY: 12/31 Price Target $49 $49
Rank 2 2
*IDEC expects to answer the FDA's questions on Zevalin by mid-July. Our
assumption for launch in 1Q02 remains intact.
*The FDA has issued a Complete Review Letter on Zevalin, asking IDEC to
address a number of clinical and CMC issues.
*The FDA is not requiring additional Phase III trials or further imaging on
patients for the BLA submission.
*The timing for Zevalin at the FDA remains a question. There are currently
no completion requirements for the FDA, although we are
clearly encouraged by IDEC's ability to respond quickly.
*We continue to expect launch in 1Q02. We maintain our sales projections for
Zevalin in 2002 and 2003 at $70.9 million and $119.8
million, respectively.

David C. Morris
Sr. VP Lehman Brothers
713-652-7112/800-227-4537
dcmorris@lehman.com

Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company. G-The
Lehman Brothers analyst who covers this company also has position in its
securities.
Key to Investment Rankings: This is a guide to expected total return (price
performance plus dividend) relative to the total return of the stock's local
market over the next 12 months. 1 = Strong Buy (expected to outperform the
market by 15 or more percentage points); 2=Buy (expected to outperform
the market by 5-15 percentage points); 3=Market Perform (expected to perform
in line with the market, plus or minus 5 percentage points); 4=Market
Underperform (expected to underperform the market by 5-15 percentage
points); 5=Sell (expected to underperform the market by 15 or more
percentage
points).
This document is for information purposes only. We do not represent that
this information is complete or accurate. All opinions are subject to
change.
The securities mentioned may not be eligible for sale in some states or
countries. This document has been prepared by Lehman Brothers Inc., Member
SIPC, on behalf of Lehman Brothers International (Europe), which is
regulated by the SFA. ,Lehman Brothers, Inc.

------------------------------------------------------------------------------
This message is intended only for the personal and confidential use of the
designated recipient(s) named above.  If you are not the intended recipient
of this message you are hereby notified that any review, dissemination,
distribution or copying of this message is strictly prohibited.  This
communication is for information purposes only and should not be regarded as
an offer to sell or as a solicitation of an offer to buy any financial
product, an official confirmation of any transaction, or as an official
statement of Lehman Brothers Inc.  Email transmission cannot be guaranteed to
be secure or error-free.  Therefore, we do not represent that this
information is complete or accurate and it should not be relied upon as
such.  All information is subject to change without notice.

 - MF May 11th, 2001.pdf


Luanne:
Our credit person is fine with revising the MAC language to say taht a MAC
would be triggered if either (1) an entity's Credit Support Provider's rating
from S&P is below BBB- by S&P or Baa3 by Moody's or (2) if such Credit
Support Provider fails to be rated by both S&P and Moody's.  Also, in
Sections 4.5 and 4.6 of the ISDA Schedule we would like to change the
reference to "Goldman Group" to "The Goldman Sachs Group, Inc."

I will have Tana Jones draft an amendment and send it to you.  Call me if
there are any problems with the above.

Tana,
Please draft an amendment for my review.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Forbes.com Daily Newsletter December 26, 2001
-----------------------------------------------------------------
  *Not Much Fizz In Coors Deal
  *The Vaio PictureBook Laptop PC
  *Stock Focus: Web Stock Scorecard
  *Trading In Sosas and Alis
  *The Best Pieces Of The Year

NOT MUCH FIZZ IN COORS DEAL
Dan Ackman
Buying Carling brings few short-term opportunities to Coors and
British beer sales are slowing.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436403&d=2151333

THE VAIO PICTUREBOOK LAPTOP PC
12.26.01, 10:00 AM ET - Lisa DiCarlo
In a category characterized by boring designs, Sony's PictureBook
stands apart. http://tm0.com/forbes/sbct.cgi?s=167547968&i=436403&d=2151334

STOCK FOCUS: WEB STOCK SCORECARD
12.26.01, 8:30 AM ET - Jody Yen
Of the 46 new economy stocks Forbes listed in 1998, a few turned
out to be big winners. Most were clunkers.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436403&d=2151335

TRADING IN SOSAS AND ALIS
12.26.01, 10:56 AM ET - Missy Sullivan
There are investments to be had in the sports memorabilia market-
-if you can weed through the flotsam.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436403&d=2151336

THE BEST PIECES OF THE YEAR
12.26.01, 12:00 AM ET - Forbes.com Editors
From the world's most expensive watch to sexy robot chicks, an
end of the year look back at our favorite "Pieces of the Week."
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436403&d=2151337

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Hello Mark - I have attached an outline that will hopefully assist in
planning and prioritizing activities for the NA Committee for the remainder
of the year.  If your schedule permits, can we arrange a call sometime this
week to discuss?

Thoughts for your consideration:
* what should be the goals of the committee?
* what are the primary issues affecting the committee? (by region and
product type)
* what issues present a role for ISDA?
* Next steps: 1) formulate draft agenda 2) coordinate agenda
w/European Committee 3) schedule remaining North American Committee Meetings
- June, August, October, December.

Many thanks!

 <<Strategic Planning - Energy.doc>>

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

 - Strategic Planning - Energy.doc


This is an example of why we'd like someone from Legal to attend the GCP meeting on Monday.  Is anyone planning to attend from the financials group?

Thanks,
SBR x30569
-----Original Message-----
From: Landau, Georgi
Sent: Friday, October 05, 2001 4:17 PM
To: Bailey, Susan; Boyd, Samantha; Heard, Marie; Jones, Tana; Panus, Stephanie
Cc: Richardson, Stacey
Subject: BERCO RESOURCES INC.

Berco Resources Inc, K#96000645, CP ID #26557.

The Counterparty system indicates that this counterparty was suspended on 3/15/01.  Cheryl Johnson's (Counterparty Group) comments state:

"Spoke to Bill Bergner who states that he has sent documentation to legal regarding the conversion.  He said they did business under a group of different entities other than "Inc."  In Jan. '99, they combined those entities to form the LLC, so it wasn't a simple conversion per se.  He also stated that this entity should be deleted (inactivated), as there will be no business conducted in that name.  This record will be suspended pending inactivation."

Does anyone in legal know anything about this because we do have an active contract in the contract system?

This is part of the contract audit I've been working on.

Thanks, - g

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


Phillip,

I'm building a sheet for each person specifically for financial hedging.
Each day it will pull in the previous days position and previous day price
curve to calculate the mark to market.  Then that day's transactions can be
entered to calculate the P & L of transactions which close out previous
positions, as well as to calculate the new open positions.  Initially, I
thought that daily P&L could be calculated by simply adjusting the P&L
whenever a transaction was made by the difference between the bid/offer of
the closed out position by the offer/bid of the new position (of course time
value and storage costs would be included).  However, this only works if the
person is 100% hedged, meaning they do not have any open positions which
require marking.  As the seller of synthetic storage utilizing 100% hedging,
I should be able to do this, except for the fact that I will have size limits
on transactions that will probably leave me open here and there.

The main question I have is simply, "Should I be calculating the P&L for each
person's storage book for open and closed positions?"  Then beyond that, if
we do calculate the P&L's from the buyer side, it seems that if their storage
is not hedged, I will have to develop the market value of the storage in the
ground and the remaining capacity to mark to market it.  So, I guess I could
apply the model for that purpose.  Does this make sense to you?  Any comments
are appreciated.  Thanks.

Mat


Well I say book all three nights if the cancellation policy is ok, and let's
go for it.  Jack to the doggie spa, Michael with Paige.

"Neil Mann" <nmann@erac.com> on 12/05/2000 02:01:01 PM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Christmas

Tuesday, Wednesday and Thursday, the 26, 27 and 28.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, December 05, 2000 1:31 PM
To: nmann@erac.com
Subject: RE: Christmas

Which nights do they have?

"Neil Mann" <nmann@erac.com> on 12/05/2000 01:38:11 PM

Please respond to <nmann@erac.com>

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: Christmas

Not at all!
I forgot to ask you about The Box this morning when we talked on the phone.
I will make sure it's put together tonight, but not sealed if there are any
last minute items that come to mind, and take it to the post office
tomorrow
morning. I will call and make reservations after checking the cancellation
policy. What days do you want, or should we wait to hear back from Paige?

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, December 05, 2000 1:04 PM
To: nmann@erac.com
Subject: Christmas

Am I begging too much?

Can you mail her package tomorrow?  I meant to ask today, but I got home so
late I didn't get things together.  I put one of Michael's airplane
pictures in there.

If all else fails we can take Michael to Fort Worth.  My mom would love to
watch him as she wants him to be exposed to Fort Worth culture.  (a better
grade of  bean dip).

I'm very excited!!!!

Love,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/05/2000 01:01
PM ---------------------------

Kay Mann
12/05/2000 12:58 PM

To:   recordp@southwestern.edu
cc:

Subject:  Christmas

Hi,

You must be busy these days.  I remember this time of year - and I don't
really miss it.  Cleaning and exercising were my favorite procrastination
activities.

Neil and I would like to schedule a brief Neil and Kay vacation over the
holidays.  We are looking at December 27-30, so we would be back before New
Year's Eve.  We will pay you handsomely (in cash!!!) for keeping Michael
for those days/nights.  What do you think?  We have found a room at the Inn
Above Onion Creek.  I know Michael would be so excited to spend the time
with you. We can give you guys a generous allowance to make things easier,
and you can drive the Lexus.

Do I sound like I'm begging yet?  I'm working really hard these days, and a
few days of no responsibilities sounds GREAT.

You should start watching your box at the end of the week.  Hope it gets
there before Saturday, since I know the SU post office is closed.

Love,

Mom


that was epic.  i was so pissed i almost left the sports bar where i was
watching the game.  we need griese back.  you ready for new orleans?  should
be fun.  when are you getting there and what day do you leave?


Rod:  attached is a recap of current credit derivatives trading in Jeff K.'s
group.  I don't know about activity during Shari's oversight but I hear it
was minimal.  How does this compare with Enron Credit.com?  Also, do we want
agreements with other trading counterparties (e.g., DLJ Capital Funding,
Inc.)?  Are Jeff and Paul calling credit before trading?  Please call to chat
when you have a chance.  Thanks.  Sara


fyi
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/14/2000
05:24 PM ---------------------------

Richard Lydecker@ENRON
12/14/2000 03:19 PM
To: David W Delainey/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT
cc: Jeff Donahue/HOU/ECT@ECT, Ray Bowen, Andrea V Reed/HOU/ECT@ECT
Subject: Catalytica

Catalytica Energy Systems Inc. commenced trading today:

    Open     9 1/8
    High   13 1/4
    Low     9 1/8
    Close   13 1/8

At 13 1/8, Enron's investment is valued at $17.6 million.


Ader has managed to get cross-wise with another good employee.

Ader's "supply group" has essentially stolen Roger's approved ERCOT LSE accounts.   Rogers needs these LSE accounts to serve load in ERCOT and now he has none.   This is BS and should not be tolerated.

 -----Original Message-----
From: 	Wagner, Joseph
Sent:	Tuesday, October 16, 2001 1:09 PM
To:	Presto, Kevin M.; Herndon, Rogers
Subject:	FW: ERCOT LSE's

Kevin and Rogers,

After meeting with Ader yesterday to discuss some LSE topics and sending him a polite, to the point email, I received this email response from him.  This email completely misrepresents what was dicussed and makes me look bad to management.  I am about ready for war, so I think it is better that someone else look at this before I do something to get fired.  I have never been so completely disgusted with someone who is supposed to be a figure of respect and authority, and is a Vice President at a company like Enron.  My email was addressed to Ader and Bernstein and copied Rogers and Nancy Hetrick since these are the people who have knowledge of the subject matter.  For him to copy the people he did, and hide behind his contacts, while lying about our conversation, and skewing it in a manner in which I would never act, is inexcusable.  I would expect more from a 4th grader.  Sorry for the ranting and raving.  Kevin - Rogers is out today, so if you would like to discuss this further, please call me at 33143.  Thanks.

-Joe

 -----Original Message-----
From: 	Ader, Jeff
Sent:	Tuesday, October 16, 2001 12:21 PM
To:	Wagner, Joseph
Cc:	Delainey, David; Dietrich, Janet; Blachman, Jeremy; Holmes, Sean; Bernstein, Mark; Hetrick, Nancy; Herndon, Rogers; Ochsner, Preston
Subject:	Re: ERCOT LSE's

Joe,

I requested a meeting with you yesterday to work with you and convey what we have learned over the last three months by working with regulatory and the ERCOT ISO to utilize and create additional LSE accounts.  As you were informed by Nancy Hetrick of regulatory all three currently available LSE account are committed by Structured Supply for use under currently negotiated masters.  We requested the meeting with you yesterday to explain what we were doing and why we needed the other three EES LSE accounts.  We also took the time to explain the process for establishing new LSE accounts, under a LLC structure which is not complicated, but the structure that the new LSE accounts would be created under (SPV) is inconsistent with the masters negotiated and EES would not be able to perform under these masters.

We have tried to work with you in cooperation to accomplish your goals consistent with the constraints of the ERCOT rules.  We have explained our needs and the reason for them. We conveyed our interest in working together to accomplish the greater good for the company and offered our help in any way we could.  You mark and I agreed that it would be easier to help each other and not duplicate efforts.  We were appreciative of your willingness to proceed consistent with this spirit of cooperation.  It disheartens and surprises me that you would leave the meeting with this understanding and in agreement of the business situation and send an e-mail the next morning, without picking up the phone or stopping by to discuss this and just attempt to dictatorially commandeer the LSE accounts that you knew were committed and why they were committed.

Moreover; you told us that you thought you might need one more and you have attempted to take three more.

Best regards,

Jeff

From:	Joseph Wagner/ENRON@enronXgate on 10/16/2001 09:14 AM
To:	Mark Bernstein/HOU/EES@EES, Jeff Ader/HOU/EES@EES
cc:	Nancy Hetrick/ENRON@enronXgate, Rogers Herndon/ENRON@enronXgate, Preston Ochsner/ENRON@enronXgate
Subject:	ERCOT LSE's

Thank you for taking the time to discuss the LSE situation in ERCOT.  The present LSE was set up by EES and is being utilized by EWS Retail and EWS Services Group, for physical delivery in ERCOT for EES load.  In order to better manage EES volume and structure growth in ERCOT, billing issues, and optimization of the present and future portfolio, EES/EWS Retail will require the use of the sub LSE's available under EES's existing LSE arrangement.  Structured Supply will be responsible for the creation of any LLC's that need to be created to facilitate additional LSE availability.  If you have any questions or comments, please either email or call me (ext 33143).  Thanks.

-Joe


You need to work for Sally Beck on this.  She is responsible for this and is
a Managing Director responsible for all mid and back office, outsourcing or
otherwise.  She must approve anything that goes out becuase it will effect
her directly.

Phillipe is also very reluctant to "sell" any systems, especially if we have
to support applications installed behind their firewall.  We are probably
fine with most ASP models.  You need to meet with Sally as team on this ASAP.

After meeting with Sally, let me know what everyone agreed on.  I am in all
day.

Thanks.

GP

 -----Original Message-----
From:  Abbanat, Stephen
Sent: Friday, March 16, 2001 4:35 PM
To: Shelby, Rex; Piper, Greg
Subject: RE: CGI Proposal Update

Greg and Rex,

Thanks for the input.  I will try to contact Beth Apollo.

Here are a few points I think will help.

? I also read the partnering agreement carefully and sent the revised copy to
Travis McCullough this morning
? At this time I believe our risk is quite low, as we are not officially part
of the bid yet
? I will work very hard to keep everyone informed

The following points protect Enron from significant risk:

  1)  We were quite careful about what we sent to CSG (reviewed by Beth,
David, Rahul and myself)
  2)  We did not quote any price for software or services
  3) The original RFP asked for a custom solution, which CGI is proposing. We
do not participate in this work.
  4) The option to take a different approach (e.g. leverage existing software
from a partner) is being proposed by CSG as an alternative approach, but is
not priced.  The option would be explored during a "make versus buy" analysis
within CSG's methodology (during the initial requirements and design phase).
This gives us time to clarify our plans.

I hope these points might mitigate any concerns over the rapid time frame of
the proposal.  As the proposal is due on Monday, I am not sure if there is
time to engage a large number of reviewers, but I will ask CSG to copy Rahul
and hopefully he can get appropriate input.

- Steve

 -----Original Message-----
From:  Shelby, Rex
Sent: Friday, March 16, 2001 1:55 PM
To: Abbanat, Stephen
Subject: FW: CGI Proposal Update

 -----Original Message-----
From:  Piper, Greg
Sent: Friday, March 16, 2001 1:54 PM
To: Shelby, Rex
Subject: RE: CGI Proposal Update

Who is the lawyer on this?

Can I see a copy of our proposal?

Sally Beck will have to see this first thing Monday morning and should be
included on all e-mail traffic related to this.

Beth Apollo should be in the middle of this as well Beth Perlman and Rahil.

GP

 -----Original Message-----
From:  Shelby, Rex
Sent: Friday, March 16, 2001 1:12 PM
To: Piper, Greg
Cc: Abbanat, Stephen
Subject: FW: CGI Proposal Update

Greg --

FYI.  Steve Abbanat has been working with Beth and Rahil to drive our
participation in the CGI proposal.  Here's Steve's most recent update:

 -----Original Message-----
From:  Abbanat, Stephen
Sent: Friday, March 16, 2001 1:06 PM
To: Jafry, Rahil; Berberian, David; Palmer, Mark S.; Perlman, Beth
Cc: Shelby, Rex
Subject: CGI Proposal Update

A brief update:

I spoke with the proposal leads at CGI (Greg Felton and Company) this
morning, and all appears to be on schedule.

? Greg communicated our joint approach to the client and they are very
interested
? Greg received Enron's materials and they are more than sufficient for our
current proposal needs
? I received a draft of CGI's proposed teaming agreement.  I made made edits
according to my knowledge of Enron's legal policies.  I will forward the
document to legal if CGI accepts the changes
? Greg will complete CGI's initial proposal and forward the draft to Enron,
for review, this weekend and on Monday
? The proposal is due Monday PM to CMS
? Presentations to CMS by potential vendors will occur on March 26th-28th.
We should think about who attends and at what point we might want to use our
internal contacts to approach the client.  For now we are waiting, based on
CGI's advice.
? Since the client is in the requirements phase, we should think about how we
might want to support that process, given our approach to delivering systems
solutions

Thanks for everyone's support.
Steve


ditto  :)

See that means I'm like Patrick Swazzie in the movie Ghost.  He was way toooo macho to use the love word so he came up with an acceptable alternative.  But if I die and I come back to haunt you, I won't be using the word ditto.  I'll probably make reference to a Shetlon Pony.  That way you will know its me.

 -----Original Message-----
From: 	"Immer, Ingrid" <Ingrid.Immer@Williams.com>@ENRON
Sent:	Wednesday, December 26, 2001 9:18 AM
To:	Germany, Chris
Subject:	Good Morning, Boo Boo

I wuv you.      ii