For each of our counterparties with which we are exchanging securities as
collateral, there should not be an issue with what is delivered.  Any
treasury securitiy (bill, note, or bond) should be accepted for delivery
across the board, but may be haricut as necessary.

Wendi

Soma Ghosh@ECT
11/20/2000 03:33 PM
To: William S Bradford/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT, Wendi
LeBrocq/Corp/Enron@Enron, Molly Harris/HOU/ECT@ECT, Tim Proffitt/HOU/ECT@ECT

Subject: Rehypothecation of securities

Bill,

I am currently working on hypothecation of securities specifically  focusing
on the Mahonia structure. We would also like to realise the benefit of being
able to rehypothecate securities that we receive under other transactions (at
the last count in the region of $60mm).

I am working with Clement to ensure that we can get the Chase Domestic
Custody Agreement executed ASAP, & also working with Sara & Teresa to ensure
that  the Chase ISDA & Mahonia docs reflect our ability to rehypothecate
securities.

Additionally I have been having discussions and assistance from Wendi & Molly:
To get CRM sign-off for Sara & Teresa so they can proceed with amendments to
Chase & Mahonia docs
Sign-off from you regarding what tenors of US Govts will be acceptable as
defined in our standard wording for 'Description of Collateral', when we
amend the docs.
What is anticipated will be required from an operational perspective once the
docs have been amended, to enable us to start posting securities.

 I additionally requested the following info, and am more than happy to
review/assist in reviewing the docs so that we are in a position to realise
the benefits before year end. Wendi has also been very helpful in offering to
provide the info/docs for the following:
Who are the counterparties where we have existing collateral agreements that
permit rehypotheaction of securities? Can we immediately start
rehypothecating these securities once we have signed the Domestic Custody
Agreement with Chase? If not, what do we need to?
Who are the other counterparties posting us securities?
Counterparties identified to whom we can rehypothecate securities
Who are we currently in dialogue with re. assignment of securities, & what
stage of negotiations are we at?

I'm booking in a meeting with you later today to discuss primarily what
approval levels is for US Govts,  & another transaction.

Regards,

Soma

---------------------- Forwarded by Soma Ghosh/HOU/ECT on 11/16/2000 04:58 PM
---------------------------

Soma Ghosh
11/06/2000 05:14 PM
To: Sara Shackleton/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Clement
Abrams/Corp/Enron@ENRON, Tim Proffitt/HOU/ECT@ECT
Subject: Rehypothecation of securities

Sara,

I have already had a brief discussion with Tana on some of the points below &
would appreciate your feedback and clarification on some specific issues.

We are currently looking at ability of Enron to rehypothecate securities
(principally T-bills) received as collateral.

Clearly the ability to rehypothecate securities that we hold can provide
significant benefits. The free up of funds that are being used to post cash
collateral to counterparties increases our B/S liquidity & reduces the total
cost of borrowing associated with posting cash.

We are reviewing the use rehypothecation of all securities posting for all
counterparties. Clement is in the process of executing a domestic custody
agreement with Chase Manhatten Bank which will facilitate rehypothecation.

More specifically we are looking at the ability to rehypothecate collateral
related to the most recent Mahonia pre-pay structure (very similar to Alberta
pre-pay).
The collateral arrangement within Mahonia provides for back to back transfer
of collateral right through the structure. This results in a net zero cash
position if all parties post cash. However if Enron receives securities (from
Chase) that we cannot reassign (to Mahonia - an SPE), the cash collateral
calls we are seeing are in the region of $600mm (approx. $42mm/yr in interest
expense to Enron).

In the past Chase have interchangeably used securities & cash. They are
currently posting cash, however they intend to post securities going forward
for this specific deal.

The most pressing issues going forward:
Does the existing Chase ISDA permit rehypothecation of securities. We are
looking at this. If it does not, then we will need to negotiate an amendment
to the credit support annex.
Accounting treatment - there are issues around the accounting treatment for
rehypothecation under the Mahonia transaction, principally relating to the
acceptability of the same securities posted by Chase being posted  to Mahonia
SPE (Chase equity in SPE), thus linking all the swaps & potentially bringing
the pre-pay back on B/S.
We need to justify that we can rehypothecate Chase securities posted within
the structure. AA's key point is that linkage occurs as the securities posted
are most likely to be registered to Chase &  these are then posted back to
Mahonia SPE with Chase equity.

Our case to support the use of Chase securities within the Mahonia pre-pay
structure relates to:
T-bills are highly liquid instruments & effectively cash equivalent
Securities posted by banks are typically registered to a street name ie a
brokerage house (ie not registered to Chase), if there is no physical
delivery. We are verifying that this is the case with the securities posted
by Chase.
Market standard contractual terms permit use of these posted securities

Re the last point, I have looked at our the standard ISDA credit support
annexe para. 6 (c) relating to Use of Posted Collateral, section (i). It
appears to say that regardless of a default occurring, the Secured Party
(Enron) has the right to "sell, pledge, rehypothecate, assign, invest, use,
commingle or otherwise dipose of, or otherwise use in its business any Posted
Collateral it holds............." Please confirm that that I have not
misinterpreted this or missed out relevant exclusions
- Cris, this standard ISDA language should further support our case to AA?.

In addition, I would like to clarify ownership & title to securities that are
rehypothecated in the event of default if a) Enron receives securities that
are then rehypothecated & Enron defaults b) the third party receiving
rehypothecated securities defaults

We are aiming to have the Domestic Custody Agreement executed within the next
10 days, & we would like to be in a position to assign securities posted to
us shortly thereafter for the Mahonia deal.

Outside of the Mahonia transaction, there is currently an additional $65mm
approx. in securities being posted to us by our counterparties. Going forward
we will:
Establish who are the counterparties where we have existing collateral
agreements that permit rehypotheaction of securities.
If we are receiving securities from CP where we are not permitted to
rehypothecate, we intend to amend the ISDA.

I would very much appreciate you response on use of posted collateral &
ownership & title to securities in the event of default.

Many thanks,

Soma


Andy - can you please forward this email to your book person to change these
attached deals from ENA- PGL  to ENA - and the actual counterparty.  Our
confirmation guys should send out a confirm to verify these deals.

Tony is continuing to look for additional Harper \ northern border supplies.
I will let you know if he finds anything of interest.


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:09 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/26/2001 06:50 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry Kingerski/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Leslie
Lawner/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: Solve IOU Undercollection with a Mere 10% Average Rate Increase?

Greetings:

Please review the attached.  It's a summary I've put together of a very
lengthy analysis MRW did for us over the weekend.  I've also attached the
considerably lengthier MRW memo for those who'd like to see it.  The tables
included in the summary are pulled directly from the MRW memo.  The analysis
only addresses the utilities undercollection (i.e., solvency) and doesn't
address any additional increases that might result from DWR's buying
activities.

The Bottom Line
 By raising average rates 10% over a 10-year period, California could 1)
return the utilities to solvency, and 2) help close the  supply-demand gap by
providing customers with better price signals.
 California could achieve these goals under this new rate structure and at
the same time exclude one-third of residential  customers from any increases.
If California chose not to exclude any customers from the new rate structure,
California  would only need to raise average rates by about 8.8%.
 This level of increase is in line with increases enacted in other states
(e.g., Washington: 28-34%; Montana: 4.5-32%; Idaho:  6.0-24%; Nevada:
7-12.5%; New Mexico 12%).

We'll need to look at it critically and try to shoot holes in it before going
public with the numbers as part of our broader effort, but it offers a
reasonable benchmark against which to judge alternatives (like spending the
kids lunch money on crumbling, broken down transmission systems).

Please provide feedback as soon as possible, and perhaps, Paul we conclude
the MRW work on the agenda for discussion on tomorrow's daily conference call.

Best,
Jeff

 - Undercollection assessment final.doc


Start Date: 1/8/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010808.txt


Here is the lunch menu for today...I need to know who will eating today so that we can get you on the list.

Thanks.

 -----Original Message-----
From: 	Moore, Kevin G.
Sent:	Wednesday, November 28, 2001 7:32 AM
To:	Black, Tamara Jae; Rangel, Ina
Subject:	RE: What is on the menu for lunch today?

Assorted Dressing
Rib Eye
Chicken Presto Chicken
Roasted New Pototoes Rosemary
Wild Pecan Rice
Green Beans Almondine

Large Bowl of Strawberries
Apple Pie
Key Lime Pie
Full Sheet Maria's Sinful Cake

                            That's it
                        Kevin Moore

 -----Original Message-----
From: 	Black, Tamara Jae
Sent:	Wednesday, November 28, 2001 7:00 AM
To:	Moore, Kevin G.
Subject:	What is on the menu for lunch today?

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Cara,

We have unrouted all term & daily route for June 22 on pwrtestp and also emptied all path
confirmation records. We have also granted you access to the new application called
'Executive Report' and should be available under  EnPower - > Tools -> Executive Report

Let me know if you have any questions

Regards,
dluu


EB-4102 has been reserved for this meeting.

adr
---------------------- Forwarded by Audrey Robertson/ET&S/Enron on 07/17/2000
01:55 PM ---------------------------

Kevin Hyatt
07/17/2000 01:53 PM
To: Market Team
cc: Audrey Robertson/ET&S/Enron@ENRON

Subject: Team Meeting

We will have a brief 1 hour team meeting on Thurs at 10:00am, (7/20).

Audrey, will you pls locate a room and let us know where.

thanks
KH


Hi!

                 These sales to Torch are valid.  Accounting is going to
correct.  If you do not see this happen soon - please let me know.

                                Thank You!


Anything over 250, in my book is "DREAM TEAM" status, as those of you who
were with us in '98 will remember how excited we were to get to that level.
It's happened again! - as of this moment, we have 293 registered riders, and
we have room for more - so please be in touch if you have anyone else to add
to the team.  (A handful of you who've told me you're not riding are still on
the list - we're hoping you'll change your mind, and  also we get numbers
credit for the amount of people registered.)

The deadline has passed for registering for $25.  As of today, registration
is $35, and if you are a member of the cycling club, you will from this point
forward need to register yourself and request a reimbursement from Stephanie
Strong.

Many thanks to Becky Pham, Uniform Officer, and Stephanie Strong, Treasurer,
who are handling jersey distribution.  It's going very well under their
supervision.  And thanks to John Norden for chairing the jersey design
process.  Please get in touch with Becky Pham at 713-345-7094 or Stephanie
Strong at 713-853-1653 to get your jersey reserved and/or picked up.  The
jerseys have caused quite a "stir" and it'll be great to see them on the road.

HERE'S TEAM ENRON 2000 !


[IMAGE]	 ANDREW, This Sterling Silver Heart Bracelet (an $85 value) is YOURS FREE!  Dear ANDREW,[IMAGE]     I'm ready to send your engraveable, Sterling Silver Heart Bracelet, (an  $85 value) but you must click  here  now to verify your shipping address.    You've probably seen this charming Valentine Bracelet in that expensive,  "little blue box" jewelry store, but why pay their high prices to indulge  your valentine, when just one little click   and the bracelet is YOURS FREE!    Although we can't use a little blue box, we did package this delightful bracelet in an exquisite case sure to surprise your love!  There's even room to engrave a personal message if you want - either way it's an enchanting reminder of your affection.    To claim your FREE sterling silver bracelet  simply click here   now. We guarantee it will arrive in plenty of time for Valentine's Day.    Sincerely, [IMAGE] Lori Anderson For yourfreepresent.com   P.S. Hurry! Click here   now to be sure you get one FREE!

You are receiving this Special  Offer as a valued iExpect.com member. If you do not wish to receive any
Special Offers from us in the future, please click here   to unsubscribe.[IMAGE]


I found this picture of you shooting a shotgun, you crazy man.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 10/11/2000
09:28 AM ---------------------------

	Enron Global Finance

	From:  Jimmy Simien @ ENRON                           10/11/2000 09:17 AM

To: Kevin Bosse/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc:
Subject: FW: Can you help my buddy, he's looking to get on a deer lease AS AP

---------------------- Forwarded by Jimmy Simien/Corp/Enron on 10/11/2000
09:17 AM ---------------------------

David Mitchell@ECT
10/10/2000 04:53 PM
To: Jimmy Simien/Corp/Enron@ENRON
cc:

Subject: FW: Can you help my buddy, he's looking to get on a deer lease AS AP

---------------------- Forwarded by David Mitchell/HOU/ECT on 10/10/2000
04:52 PM ---------------------------

"Swanson, Douglas" <Douglas.Swanson@EPEnergy.com> on 10/10/2000 04:44:12 PM
To: "'David Mitchell'" <David.Mitchell@enron.com>
cc:
Subject: FW: Can you help my buddy, he's looking to get on a deer lease AS AP

> -----Original Message-----
> From: Bechtol, Brent
> Sent: Tuesday, October 10, 2000 4:41 PM
> To: Swanson, Douglas
> Subject: FW: Can you help my buddy, he's looking to get on a deer
> lease ASAP
>
>
>
> -----Original Message-----
> From: Carter Bechtol [mailto:carter@cyberpix.com]
> Sent: Tuesday, October 10, 2000 4:44 PM
> To: Bechtol, Brent; Currie Bechtol
> Subject: FW: Can you help my buddy, he's looking to get on a deer lease
> ASAP
>
>
>
>
> -----Original Message-----
> From: Jason Fertitta [mailto:jfertitta@cyberpix.com]
> Sent: Tuesday, October 10, 2000 3:32 PM
> To: Carter Bechtol
> Subject: FW: Can you help my buddy, he's looking to get on a deer lease
> ASAP
>
>
>
>
> -----Original Message-----
> From: Bryan.McMurrey@texas.net [mailto:Bryan.McMurrey@texas.net]
> Sent: Wednesday, October 11, 2000 4:58 PM
> To: Jason Fertitta; 'mullins'; Palmer Letzerich; Kyle F; Robert dawson
> Subject: Fw: Can you help my buddy, he's looking to get on a deer lease
> ASAP
>
>
>
> Sorry about the long download. I feel like this is worth it.
>  <<AHMED_Shoots.mpeg>>

******************************************************************
This email and any files transmitted with it from El Paso
Energy Corporation are confidential and intended solely
for the use of the individual or entity to whom they are
addressed. If you have received this email in error
please notify the sender.
******************************************************************

 - AHMED_Shoots.mpeg


Ben,

Here is the first cut of Wheatland. I did not reflect all comments from Mike
since I think we need to sit down with Don tomorrow morning before we make
any structural changes. We will decide tomorrow regarding how we present key
sales point - general to all peakers vs specific to each peakers and other
things. Thanks.


got it thanks


Please send an e-mail copy of the speech I gave shortly after meeting with
Mr. Ford.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 09/25/2000 11:51 AM -----

	"Ford, George (CPS)" <george_ford@itc.co.harris.tx.us>
	09/25/2000 10:54 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Copy of Speech

Mark

When you have the opportunity, I would like to get a copy of the speech you
were planning to give when we had lunch. Thanks.

George


Chris,  The Amended Firm Gathering Agreements were executed back around July
1.  Lori should have copies of the executed documents.  I am solely refer to
the schedules attached to those amended Firm Gathering Agreements.  If you
don't have copies let me know.

	"Chris Hoekenga" <choekenga@br-inc.com>
	08/02/2000 01:24 PM
	Please respond to choekenga

		 To: <Gerald.Nemec@enron.com>
		 cc: <James.Hoff@enron.com>, <Mark.Whitt@enron.com>
		 Subject: re: Lost Creek Documents

Gerald, don't we need copies of the Firm Gathering agreements also since
we're changing to Firm Schedules?
---------- Original Text ----------

From: "Gerald Nemec" <Gerald.Nemec@enron.com>, on 8/1/00 2:02 PM:

Chris,  Attached are all the latest docs. redlined against the originals.

(See attached file: AMENDED AND RESTATED ADMIN3(RED) ORG.DOC)(See attached
file:
Amended and Restated CapAllExp Agreement8 (red) Org.doc)(See attached file:
Amended and Restated LLC Agreement2(red) Org.doc)


Jeremy,

John and I really need to meet Tuesday for about 30min-1hr with you Dave and
Sanjeev, so that we can better understand how the options are being calc'd in
the system.  We thought we had a pretty good idea after talking on Friday,
but tonight we see that we don't.  John is about one half million dollars off
every night in his prediction of the P/L for Mike's book, and we're afraid
our position might not be correct as well.

Please give me a call.

Thanks,

Errol, X5-8274

From: Jeremy Wong/ENRON@enronXgate on 04/09/2001 06:18 PM
To: John Griffith/Corp/Enron@Enron
cc: Errol McLaughlin/Corp/Enron@ENRON, Dave Wei/ENRON@enronXgate

Subject: Vega Issue - Vol. Smile

John:

The reason for the large Vega numbers on the TopPage report, while there were
no corresponding changes in the Volatility curves, is due to the change in
the mid. price for the current day versus the prior day. The corresponding
volatility skews that are added to the vols. for the 2 days is causing the
large vega numbers.

For example, for deal number QV5087.2 (exp. date 01-Jan-2002):

  Current Day  Prior Day
Mid. Price 5.885   5.772
Strike Price 3.5   3.5
Mid - Strike 2.385   2.272
Vol.  0.555   0.555
Vol. Skew 0.03816   0.03635
Actual Vol. 0.59316   0.59135

Option value for prior day using current day's vol. =  7,616,935
Option value for prior day using prior day's vol.     =  7,547,238
Vega                =  69,697

Thank you,
Jeremy
x3-0573


Clarifications:

SDG&E's Bill cap is as follows

Residential: $68 per mouth through 1/1/01 and $75 per mouth through 12/31/01
for those who consume 500kWh per month or less - market prices for the others
residential.
Commercial: $220 per mouth through 1/1/01 and $240 per mouth through 12/31/01
for those who consume 1500 kWh per month or less - market place for other
commercial
The decision intends to allow for future adjustment of the kWh monthly
consumption for bill caps retroactive to June 1, 200 to ensure that customers
in hotter inland regions have an appropriate level of usage cap and medium
size commercial customers are provided relief.
---------------------- Forwarded by Bruno Gaillard/SFO/EES on 08/22/2000
02:56 PM ---------------------------

Bruno Gaillard
08/21/2000 03:45 PM
To: Edward Hamb/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES, Chris
Hendrix/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES,
Martin Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, James M
Wood/HOU/EES@EES, Gary Mirich/HOU/EES@EES, Dennis Benevides/HOU/EES@EES,
Roger Yang/SFO/EES@EES, David Parquet@ECT, mday@gmssr.com, SF Directors,
Marcie Milner/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Mary Hain@Enron,
James D Steffes/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Harry
Kingerski/HOU/EES@EES, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Steven J Kean/NA/Enron@Enron
cc: Maureen McVicker/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron
Subject: SDG&E Rate Cap

Duque's Decision passed 3-2 (Duque, Neeper, Bilas - Lynch, Wood) - Both
Neeper and Bilas said that they were only voting for this decision because of
pressure. They both felt that last meeting's decision provided sufficient
relief and provided for a investigation to address longer term problems.

Summary:

The Decision institutes a rate stabilization for residential and commercial
customers
 Residential: $68 through 1/1/01 and $75 through 12/31/01 for those who
consume 500kW or less - market prices for the others residential
 Commercial: $220 through 1/1/01 and $240 through 12/31/01 for those who
consume 1500 kW or less - market place for other commercial

Other rate schedules: Subject to market prices

Implementation date: Retroactive to 6/1/00 - SDG&E will provide a credit for
those customers that are eligible no latter than September 30th

The decision intends to allow for future adjustment of the kWh rate caps
retroactive to June 1, 200 to ensure that customers in hotter inland regions
have an appropriate level of usage cap and medium size commercial customers
are provided relief.

The bill stabilization plan requires SDG&E to file comments, by September 30,
addressing the implementation and transition of a Levelized Payment Plan
(LPP) for all customers on an "opt out" basis. However, the procedure for the
implementation of the LLP will allow customers to readily exercise choice,
while those that do not exercise choice will default into the LPP.

The Commission will also further study the bill stabilization plan as to
direct access customers.

Revenue shortfalls are to be booked into the TCBA for future recovery of the
net shortfall.

Discussion:
Senator Alpert, Assembly Women Davis, Mayor Golding , the former mayor,
several members of the City and County of San Diego Board of Supervisors made
a public appearance. All thanked the Commission for  having this special
session. All supported the Wood decision. All stated that it did not  go far
enough and insisted that all customers should be subject to the cap. Assembly
Women Davis stated that she would be going back to the legislation  to pass
the Davis/Alpert Bill establishing a cap for all customers. However,
Asseblymember Wright, chairman of the Utilities and Commerce Committee, has
been open and has shown opposition to the Alpert/Davis bill.

If you have any questions, please call me at 415-782-7810

Bruno Gaillard - Government Affairs


Mary

With the limited information and aggressive timeline, here is the outline I
am sending to Beth:

Mary Clark@ENRON
01/22/2001 08:43 AM
To: Kirk McDaniel/HOU/EES@EES
cc: Richard B Sanders@ECT@EES
Subject: Re:

Kirk and Richard, I've already had a call today from Beth Stier wanting us to
fax the outline to her.  If we're going to meet our deadline, we need to get
the outline to her today.  Thanks.

Mary

Kirk McDaniel@EES
01/22/2001 08:35 AM
To: Richard B Sanders@ECT
cc: Mary Clark@ENRON

Subject:

Richard

Good Morning. What's the status on the transcripts? When do you want to get
together in order to provide Beth with the outline? Pls advise

Cheers
Kirk


Gentlemen:

Here are the revised documents in both clean and marked form.  I made the
requested change in the Term section.  That section defines a Early
Termination as any termination prior to the end of 3 contract years.  As such
no change was needed to the Buyer's Contract section.  Please call if you
need anything further.

        Thanks, Dan


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Historical Sep Gas Cracks
http://www.carrfut.com/research/Energy1/SepUnleadCrack50.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


Let me review where we stand for the April 10-11 meeting.
1.  I have spoken with Gavyn and asked him to add to his usual review
comments on the significance of recent developments for Enron.
2.  I have asked Bill Kristol to do the same.
3.  I have asked Paul Portney to review "the lay of the land" in the
environmental policy area.
4.  Since we couldn't locate a speaker to address the question of how Enron,
now larger and more corporate than in the past, can continue to attract the
best, the brightest (and the oddest?), I have asked Pankaj to give a brief
talk about what the literature generated by his colleagues has to tell us on
this subject.
5.  I couldn't get anyone on the "monopoly-too-big-and-powerful" question,
although I am still trying.
I assume you folks will brief us on California and the national energy supply
picture. Have we heard from the author of "When Genius Fails"?


Larry,
I will be on vacation next week.   I will not be available until Monday,  October 8th.

Thanks,

JMF


I am working with the EOL system development group on improving the reporting
capabilities of EOL so that Internal EOL traders can personalised and save
report formats.  Currently the system only saves the last report format.  If
you have any ideas, thoughts or requests please let me know.
I have attached a file with examples of reports that can be generated.  The
goal would be to give you the ability to view the information when you need
it and in the required format.


[1] ECTRL and BNP Paribas - Physical Gas Trading:  The attached are confirms (for phone executed and EOL executed trades) which covers all physical gas trading in Europe. (Info provided by Pavi Sale in UK gas documentation, 44 207 783 2347, if you have further questions.)

Phone deal	EOL deal

[2] ECL and BNP Paribas - Credit Default Swap Trading:  Blair Van Zant (RAC-Credit) will fax the schedules of the ISDA which governs this trading. (Please call Blair direct at 44 207 783 6571 if you do not receive within the half-hour.)

[3] EML and BNP Paribas - Metals Trading:  Simon Hockenhull (RAC-Credit) is investigating.  Probably confirmed under GTC for financial metal trading.  May not have today.


The original message was received at Fri, 23 Mar 2001 18:32:33 GMT
from mailman.enron.com [192.168.189.66]

   ----- The following addresses had permanent fatal errors -----
<ekrogh@wiredweb.com>

   ----- Transcript of session follows -----
... while talking to mail.wiredweb.com.:
>>> RCPT To:<ekrogh@wiredweb.com>
<<< 550 5.1.1 Unknown user.
550 <ekrogh@wiredweb.com>... User unknown

   ----- Original message follows -----

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Subject: I'm Leaving Enron
To: David_Aamodt@pgn.com, dapnucc@teleport.com, dick@pnucc.org,
        seabron.adamson@frontier-economics.com, Frank_Afranji@pgn.com,
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        Keonee.Almaida@enron.com, hollis.alpert@ferc.fed.us,
        Brenda.Anderson@enron.com, angles@howry.com,
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        ellen@tca-us.com, paulb@citizenspower.com, paulb@citizenspower.com,
        garybarbour@email.msn.com, jbartus@cammckenna.com,
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        bbennett@bpa.gov, sberman@hewm.com, ramsen.betfarhad@mail.house.gov,
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        sbrose@steptoe.com, sbuchheit@bracepatt.com, alanb@wutc.wa.gov,
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        johncameron@dwt.com, Doug.Carmichael@enron.com, Ed.Cassidy@enron.com,
        ajchambe@llgm.com, Melissa.Chiechi@enron.com,
elchristensen@snopud.com,
        kevin.clark@ci.seattle.wa.us, rcloward@avistacorp.com,
        david_cohen@rniinc.com, Bill.Comish@enron.com,
        Victor.Contract@enron.com, powerlac@aol.com,
        Frederick.Coolbroth@enron.com, michaelcorrigan@bchydro.bc.ca,
        kcorum@nwppc.org, KCurry@bracepatt.com, wcurry@enron.com,
        gdahlke@paine-hamblen.com, kadaly@mcimail.com, mday@gmssr.com,
        dearing@chelanpud.org, tdeboer@paine-hamblen.com,
        Tom_Delaney@enron.com, sdleonard@earthlink.net, dldorrell@stoel.com,
        Mary.Doyle@enron.com, Jay.Dudley@enron.com, mce2280@idahopower.com,
        michaelearly@earthlink.net, Katherine.Edwards@enron.com,
        rle@givenspursley.com, imaxtrans@aol.com, Chris.Elliott@enron.com,
        sandra.elliott@ferc.fed.us, kerwin@ect.enron.com, dezickson@mwe.com,
        Jim.Fallon@enron.com, fallonr@howrey.com, Elias.Farrah@enron.com,
        Michele_Farrell@pgn.com, dfaulk@puget.com, gfergus@brobeck.com,
        Willard.Fields@enron.com, sfisher@avistaenergy.com,
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        Pat.Franklin@enron.com, John.Frazzell@enron.com,
        ericf@prestongates.com, don.furman@pacificorp.com, segfurst@bpa.gov,
        Jackie.Gallagher@enron.com, craiggannett@dwt.com,
        Alvaro.Garcia@enron.com, sbishop@gibbs-bruns.com, wgibson@nwppc.org,
        ggilbert@ci.tacoma.wa.us, Pat.Gilman@enron.com,
        Alex.Goldberg@enron.com, jlgreene@energyadvocates.com,
        Chris_Groener@mail.house.gov, Mary.Groggin@enron.com,
        Mark.E.Haedicke@enron.com, Stephen.Hall@enron.com,
        steve.c.hall@enron.com, Leo.Hamblin@enron.com, whannaford@NWPPC.org,
        jim.harding@ci.seattle.wa.us, rhardy@hardyenergy.com,
kharri@puget.com,
        Steve_Hawke@pgn.com, dhawkins@caiso.com, marc.hellman@state.or.us,
        Scott.Helyer@enron.com, mhenry@bracepatt.com, dwmp@teleport.com,
        rhornby@tca-us.com, mhornst@aol.com, dhuard@jmbm.com,
        Marlene.Huntsinger@pgn.com, cfi1@tca-us.com,
        Richard.Ingersoll@enron.com, pljacklin@stoel.com, montrey@aol.com,
        danj@cfmdc.com, kgjohnson@bpa.gov, ljohnson@pwrteam.com,
        Karen.E.Jones@enron.com, mkanner@kannerandassoc.com,
        karid@perkinscoie.com, pkaufma@ect.enron.com, Paul.Kaufman@enron.com,
        Jeffrey.Keeler@enron.com, Devon Kehoe <devon_kehoe@mentorg.com>,
        James.Keller@enron.com, Joe.Kelliher@mail.house.gov,
kkennedy@bdbc.com,
        Rick.Kessler@enron.com, rdking@bpa.gov, Harry.Kingerski@enron.com,
        Harry.Kingerski@enron.com, rsk@schwabe.com, gwilliams8@austin.rr.com,
        John.Klauberg@enron.com, Holli.Krebs@enron.com, ekrogh@wiredweb.com,
        blafferty@avistacorp.com, wdlamb@bpa.gov, John.Lamb@enron.com,
        Therese.Lamb@enron.com, srlarson@bpa.gov,
        Cindy_Tatham@co.washington.or.us, zora.lazic@bchydro.com,
        kaleathley@bpa.gov, pamela_lesh@pgn.com, Debi.LeVine@enron.com,
        lcg@europa.com, doug.little@powerex.com, Robert.Loeffler@enron.com,
        Chris.Long@enron.com, sjlong@bpa.gov, rlopezv@www.conet.com.mx,
        david_lucio@iep.illinova.com, king.lum@bchydro.bc.ca,
        kevin.lynch@pacificorp.com, Mark.Maehr@enron.com,
        Randal.T.Maffett@enron.com, John.Malowney@enron.com,
        Sueyen.Mao@enron.com, Susan.J.Mara@enron.com, Susan.J.Mara@enron.com,
        Lee.Martin@enron.com, maurw@perkinscoie.com, Wayne.Mays@enron.com,
        Michael.McCall@enron.com, Sandra.McCubbin@enron.com,
        Travis.McCullough@enron.com, Michael.McDonald@enron.com,
        brugen@erols.com, mckinley@wpuda.org, mcm@vnf.com, mcnichol@wapa.com,
        shauna@pnucc.org, Maureen.McVicker@enron.com, pmeringolo@brobeck.com,
        demetcalf@bpa.gov, cemeyer@bpa.gov, jmilegich@sppc.com,
        fred_miller@pgn.com, Jeffrey.Miller@enron.com,
        jerry.miller@pacificorp.com, Laura.Miller@enron.com,
        scott.miller@ferc.fed.us, Bill.Miner@enron.com,
        phil_moeller@gorton.senate.gov, pmohler@hewm.com, emoler@velaw.com,
        nkmorgado@bpa.gov, Mike@tonkon.com, krmoxness@bpa.gov,
        mmps@millcreeklaw.com, pmurphy@mbllp.com, terrym@millcreeklaw.com,
        bmurtha@acy.sunint.com, Rich.Nassief@enron.com, tod@mgninc.com,
        Douglas_Nichols@pgn.com, Patty.Nichols@enron.com,
        Christi.Nicolay@enron.com, tmnoguchi@bpa.gov, darcy@tonkon.com,
        Sarah.Novasel@enron.com, Sarah.Novosel@enron.com,
        Tom.O'Donnell@enron.com, PObenchain@idahopower.com,
        Pegy.Olds@enron.com, Carol.Opatrny@enron.com, tpaine@avistacorp.com,
        Dave.Parquet@enron.com, bpascoe@mtpower.com, afpaschke@bpa.gov,
        ccperigo@bpa.gov, wlpernas@stoel.com, lpeters@pacifier.com,
        jill@pnucc.org, Mona.L.Petrochko@enron.com, npickover@bracepatt.com,
        Phillip.Platter@enron.com, Alfred.Pollard@enron.com,
        Walt.Pollock@enron.com, gporter@sppc.com, Kevin.M.Presto@enron.com,
        jquint@puget.com, arlene.ragozin@ci.seattle.wa.us, maraschio@bpa.gov,
        Dale.Rasmussen@enron.com, Scott.Rasmussen@enron.com,
        Bobby.Reeves@enron.com, preiten@pngc.com, reyna2r@kochind.com,
        shellyr@pacifier.com, Jeff.Richter@enron.com, raroach@bpa.gov,
        atrodrigues@bpa.gov, rarogers@bpa.gov, peterroi@erols.com,
        Rothfelder@rlo-law.com, Richard.Sanders@enron.com,
jsaven@pacifier.com,
        Michael.Schilmoeller@enron.com, jschlect@avistacorp.com,
        Sabine.Schnittger@frontier-economics.com, Diana.Scholtes@enron.com,
        Roger.Seifert@enron.com, Cara.Semperger@enron.com,
        asettanni@bracepatt.com, Richard.Shapiro@enron.com, vsharp@enron.com,
        msmith1@enron.com, Joshua.Sheinkman@enron.com, jshurts@nwppc.org,
        Sid@enron.com, msizer@ci.tacoma.wa.us, slavens.paula@deps.ppl.com,
        small@wrightlaw.com, small@wrightlaw.com, douglas.smith@ferc.fed.us,
        Mike.Smith@enron.com, Roger.Smith@enron.com,
        Larry.Soderquist@enron.com, Harvey.Spigal@enron.com,
        mstauffer@mtpower.com, James.D.Steffes@enron.com,
        James.D.Steffes@enron.com, mestewardpsedc@worldnet.att.net,
        JKStier@BPA.gov, rbstrong@paine-hamblen.com, DASwanstrom@Verner.com,
        Mike.Swerzbin@enron.com, tabors@tca-us.com, Ron.Tapscott@enron.com,
        James.K.Tarpey@enron.com, Jake.Thomas@enron.com,
        ryan_thomas@burns.senate.gov, jrt2058@idahopower.com,
        maryann@pnucc.org, mtierney@sempra.com, robin_tompkins@pgn.com,
        Ann.Tumlinson@enron.com, AW.Turner@enron.com, Sheila.Tweed@enron.com,
        Lisa.Urick@enron.com, rvermeers@avistacorp.com,
        Frank.W.Vickers@enron.com, John.Walley@enron.com,
        kristiwallis@sprintmail.com, walshl@howrey.com, swalton@enron.com,
        Steve.Walton@enron.com, kaward@bpa.gov, Kim.Ward@enron.com,
        Carol.Wardell@enron.com, dwatkiss@bracepatt.com, sawatson@bpa.gov,
        judy.welch@NWPP.ORG, 211-6155@MCIMAIL.COM, Kwenzel@zzz.com,
        cwestadt@sppc.com, Brian.Whalen@enron.com, Bill.Williams@enron.com,
        klwmtp@worldnet.att.net, lyn_williams@pgn.com, Greg.Wolfe@enron.com,
        Vickie.Wolk-Laniewski@enron.com, Ed.Wood@enron.com, mwood@stoel.com,
        Steve.Wright@enron.com, Teresa.L.Wright@enron.com, WSCC@enron.com,
        Charles.Yeung@enron.com, Christian.Yoder@enron.com,
        Steven.J.Kean@enron.com, Steve.Kean@enron.com,
        Travel.in.the.Park@enron.com, D.Brett.Hunsucker@enron.com,
        Carla.Hoffman@enron.com, Bernadette.Hawkins@enron.com,
        Joe.Hartsoe@enron.com, Donna.Fulton@enron.com, Roger.Fragua@enron.com,
        James.B.Fallon@enron.com, Michael.Etringer@enron.com,
        Terry.W.Donovan@enron.com, Stacy.Dickson@enron.com,
        Ginger.Dernehl@enron.com, Rhonda.L.Denton@enron.com,
        Jeff.Dasovich@enron.com, Sean.Crandall@enron.com,
Tom.Briggs@enron.com,
        t.briggs@enron.com, Stacey.Bolton@enron.com, dbenevid@enron.com,
        dbenevid@enron.com, Tim.Belden@enron.com, Robert.Badeer@enron.com,
        Phillip.K.Allen@enron.com, Alan.Comnes@enron.com, Lysa.Akin@enron.com,
        Portland.West.Desk@enron.com, assad@elektro.com.br,
        Alan.Comnes@enron.com, Alberto.Levy@enron.com, Aleck.Dadson@enron.com,
        Allison.Navin@enron.com, Amy.Fabian@enron.com,
        Barbara.A.Hueter@enron.com, Bernadette.Hawkins@enron.com,
        Bill.Moore@enron.com, cristinah@elektro.com.br,
        Carlos.Gustavo.Azevedo@enron.com, Carmen.Perez@enron.com,
        Carolyn.Cooney@enron.com, Charles.Yeung@enron.com,
        Chauncey.Hood@enron.com, Chris.Long@enron.com,
        Christi.L.Nicolay@enron.com, Cynthia.Sandherr@enron.com,
        Damon.Harvey@enron.com, Dan.Staines@enron.com,
        Daniel.Allegretti@enron.com, Dave.Mangskau@enron.com,
        Donald.Lassere@enron.com, Donna.Fulton@enron.com,
        Eidy.Catala@enron.com, Elizabeth.Linnell@enron.com,
        Frank.Rishe@enron.com, Geriann.Warner@enron.com,
        Ginger.Dernehl@enron.com, Gisele.S.Braz@enron.com,
        Gloria.Ogenyi@enron.com, Guillermo.Canovas@enron.com,
        Harry.Kingerski@enron.com, Howard.Fromer@enron.com,
        James.D.Steffes@enron.com, Janine.Migden@enron.com,
        Javier.Pantoja@enron.com, Jean.R.Dressler@enron.com,
        Jean.Ryall@enron.com, Jeff.Brown@enron.com, Jeff.Dasovich@enron.com,
        Jeffrey.Keeler@enron.com, Joao.Paixao@enron.com, Joe.Allen@enron.com,
        Joe.Connor@enron.com, Joe.Hartsoe@enron.com, Joe.Hillings@enron.com,
        Jose.Bestard@enron.com, Joseph.Alamo@enron.com,
        Kathleen.Sullivan@enron.com, Kerry.Stroup@enron.com,
        Kikumi.Kishigami@enron.com, Kirsten.Bellas@enron.com,
        Lara.Leibman@enron.com, Laurie.Knight@enron.com,
        Leslie.Lawner@enron.com, Linda.J.Noske@enron.com,
        Linda.Robertson@enron.com, Lindsay.Meade@enron.com,
        Lisa.Yoho@enron.com, Lora.Sullivan@enron.com, Luiz.Maurer@enron.com,
        Lysa.Akin@enron.com, Marchris.Robinson@enron.com,
        Marcia.A.Linton@enron.com, Marcie.Milner@enron.com,
        Mary.Hain@enron.com, Maureen.McVicker@enron.com,
        Melinda.Pharms@enron.com, Michelle.Belzak@enron.com,
        Mona.L.Petrochko@enron.com, Nancy.Hetrick@enron.com,
        Patrick.Keene@enron.com, Ray.Alvarez@enron.com,
        Rebecca.W.Cantrell@enron.com, Ricardo.Charvel@enron.com,
        Richard.Ingersoll@enron.com, Richard.Shapiro@enron.com,
        Robert.Frank@enron.com, Robert.Hemstock@enron.com,
        Robert.Neustaedter@enron.com, Robin.Kittel@enron.com,
        Ron.McNamara@enron.com, rboston@enron.com, Rubena.Buerger@enron.com,
        Sandra.McCubbin@enron.com, Sarah.Novosel@enron.com,
        Scott.Bolton@enron.com, Sergio.Assad@enron.com, Stella.Chan@enron.com,
        Stephen.D.Burns@enron.com, Steve.Montovano@enron.com,
        Steve.Walton@enron.com, Steven.J.Kean@enron.com, Sue.Nord@enron.com,
        Susan.J.Mara@enron.com, Susan.M.Landwehr@enron.com,
        Terri.Miller@enron.com, Thane.Twiggs@enron.com, Tom.Briggs@enron.com,
        Tom.Chapman@enron.com, Tom.Delaney@enron.com, Tom.Hoatson@enron.com,
        Tracy.Cooper@enron.com, Valeria.Lima@enron.com,
Vinio.Floris@enron.com,
        Xi.Xi@enron.com, Steven.J.Kean@enron.com, Jeffrey.Keeler@enron.com,
        Christi.L.Nicolay@enron.com, Sarah.Novosel@enron.com,
        Robert.Frank@enron.com, Lara.Leibman@enron.com,
        Gloria.Ogenyi@enron.com, Richard.Shapiro@enron.com,
        Leslie.Lawner@enron.com, Paul.Kaufman@enron.com,
        Aleck.Dadson@enron.com, Daniel.Allegretti@enron.com,
        Howard.Fromer@enron.com, Joe.Hartsoe@enron.com, rboston@enron.com,
        Janine.Migden@enron.com, Christie.Patrick@enron.com,
        Jane.Wilson@enron.com, Rhonda.L.Denton@enron.com,
        kmagruder@newpower.com, scovino@newpower.com,
Rebecca.Carter@enron.com,
        Shelley.Corman@enron.com, Janet.Butler@enron.com,
        Kevin.M.Presto@enron.com, Brad.Richter@enron.com,
Greg.Piper@enron.com,
        Kevin.McGowan@enron.com, Kim.Ward@enron.com, Leslie.Reeves@enron.com
Date: Fri, 23 Mar 2001 10:24:18 -0800
Message-ID: <OFCFA12BE4.1A65CFD4-ON88256A0F.00666A9C@enron.com>
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14, 2000) at
 03/23/2001 12:29:04 PM
MIME-Version: 1.0
Content-type: text/plain; charset=us-ascii

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

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


dana,

i had the e-sched. and marnie now has them.  When we take files out of the
cabinet, do we need to sign a in/out form?

brian

	From:  Dana Davis @ ECT                           01/31/2001 09:37 AM

To: Brian Schwertner/NA/Enron@Enron, Rosalyn Lum/Corp/Enron@Enron, Lisa
Best/Corp/Enron@Enron, Lisa King/HOU/ECT@ECT, Kristi
Fredericks/NA/Enron@ENRON, Laynie East/HOU/ECT@ECT, Susan
Rance/NA/Enron@Enron, Stacy Hardy/Corp/Enron@ENRON, Brian K
Dawson/NA/Enron@ENRON, Dana Davis/HOU/ECT@ECT, Tammy Barta/HOU/ECT@ECT,
Rufino Doroteo/HOU/ECT@ECT, Brad Carey/NA/Enron@Enron, Stephen
Wolfe/HOU/ECT@ECT
cc:

Subject: E-Schedules

Who has the E-schedules for co. 1n2 and 272?  Marnie is looking for them and
the aren't in the file cabinet.  Call me and I'll take them to her.

Thanks.

Dana


Posted 11/9/01 will expire 12/21/01 5:00pm

Toby

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Friday, November 09, 2001 1:28 PM
To:	Kuehl, Toby
Cc:	Lohman, TK; Y'Barbo, Paul
Subject:	PG&E ROFR

Toby,

Please post these ROFR's on the EBB.  Please call if you have any questions.

Thanks,

Kim.

 << File: ROFR on PG&E.doc >>                << File: ROFR PG&E 2.doc >>


Looks good to me.  See you at 5:30 at Mr. Beans.

Best,
Jeff


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/13/2001
11:46 AM ---------------------------

Susan M Scott
02/13/2001 10:42 AM
To: Matthew Lenhart/HOU/ECT@ECT
cc:

Subject: more pics

---------------------- Forwarded by Susan M Scott/HOU/ECT on 02/13/2001 11:41
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Lisa Gillette                           02/13/2001 10:08 AM

To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: more pics

---------------------- Forwarded by Lisa Gillette/HOU/ECT on 02/13/2001 10:04
AM ---------------------------

Daniel Diamond
02/13/2001 08:52 AM
To: Bryan Hull/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT
cc:

Subject: more pics

---------------------- Forwarded by Daniel Diamond/HOU/ECT on 02/13/2001
08:51 AM ---------------------------

ddiamond <ddiamond@pdq.net>@pdq.net> on 02/11/2001 01:47:28 PM
To: daniel.diamond@enron.com
cc:
Subject: more pics

pics

 - Gmoney.jpg
 - Hully.JPG


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Please find below a sample copy of the most recent Eyeforenergy Briefing, which is sent every two weeks to anyone in the energy industry who are interested in news, features and interviews about everything from e-business and energy deregulation to risk management, online energy trading, renewable energy, emissions and weather derivative trading.

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Monday, February 4, 2002
Issue 45 (sample copy)

 EDITORIAL <http://www.eyeforenergy.com/pics/newsletter/hedit.gif>
It remains an interesting time for the energy sector...

In a scenario vaguely reminiscent of the California energy crisis, most of the news focuses around one big story- the continuing Enron saga. There's no lack of stories about the Enron disaster, and each one seems to be more dire than the last. With Congressional probes, security guards posted at Enron's headquarters and the recent sacking of an Andersen partner, it looks like the story's still got a way to play out. You can keep up with all the latest including Al Massey's ongoing articles and interviews at Eyeforenergy.

We've got a packed briefing for you this week. After focusing the last few editions on the developments surrounding deregulation and energy trading in both the US and Europe, we're taking a closer look at two other issues of interest to the energy community-emissions and weather. Two of the articles below focus on the growing market in emissions trading-the first a look at the market, how it's developing, where the money's to be made, and the second article takes a closer look at the regulations governing the market. We've also got an article on the latest developments in weather trading which seems to be a growing part of many energy traders portfolios and is increasingly popping up on Risk Managers' radar screens.

All these articles serve as an excellent segue into a few announcements here at Eyeforenergy. Just a quick reminder about the upcoming European Energy, Weather and Emissions Trading conferences in mid-February. We're quickly running out of hotel space, so if you're planning on registering make sure to do it soon before space runs out. Also, we're issuing a call for papers for our upcoming Emissions Trading show in the US... if you'd like to get involved drop our conference Director, Sarah Robinson a line at srobinson@eyeforenergy.com <mailto:srobinson@eyeforenergy.com>.

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 FOCUS <http://www.eyeforenergy.com/pics/newsletter/hfocus.gif>
Emissions Trading: The Emerging Market
Mention greenhouse gas (GHG) today and you conjure up images of shrinking polar ice caps, rising oceans, depleted rain forests, expanding deserts and even rising crime rates. Although there is still much dissension among the ranks of scientists and environmentalists as to the impact GHG has on the environment, there can be little doubt the earth's climate is predicted to change because human activities are altering the chemical composition of the atmosphere through the buildup of greenhouse gases - primarily carbon dioxide, methane, and nitrous oxide.

The heat-trapping property of these gases is undisputed. Although uncertainty exists about exactly how earth's climate responds to these gases, global temperatures are rising. In recognition of the role greenhouse gas plays in global warming and climatic change, representatives of more than... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25023>

Energy Policy in the U.S.
They say Washington is a town of give and take. The second session of the 107th Congress will resume later this month, and it is scheduled to take up the nation's energy policy legislation in February. These actions will amend the 1992 Energy Policy Act; renewable energy and climate change sections will probably be debated with significant vigor... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25021>

 INSIGHT <http://www.eyeforenergy.com/pics/newsletter/hinsight.gif>
Energy and Weather, an Explosive Combination
With threats of a new El Ni?o forming in the tropical Pacific, predictions of warmer weather, where it is supposed to be cold and colder weather where it is supposed to warm, a new star is born, the meteorologist. Faced with paper-thin profit margins in a highly competitive market, risk managers have come to rely on meteorologist and weather forecasters as their secret weapon in developing strategies to keep their companies from being held hostage by the weather.

Weather forecasting is something akin to a black art, worthy of Merlin the Magician, for most of today's executives. Few can predict the impact each degree higher or lower than the expected temperature, will have on their company's financial statement. Fewer still have the skills necessary... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25026>

Despite the stance of the Bush Administration, state and industry action suggests a growing interest in greenhouse gas trading opportunities in the U.S.
Expect to see "Bush" and "Kyoto" back in the headlines as the U.S. Administration prepares to unveil its alternative plan for controlling greenhouse gas (GHG) emissions. In March 2001, the Bush Administration announced that it would be abandoning the Kyoto Protocol, suggesting that the treaty was "fatally flawed" and would harm the U.S. economy.

Despite protest from Europe, Japan, and other proponents of the treaty, the Administration has stuck to its decision. So for those of you that are anxiously anticipating the start of a vibrant, global market in the trade of greenhouse gas emissions, with the largest potential buyer participating... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25005>

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  <http://www.eyeforenergy.com/pics/newsletter/line.gif>

Montel offers one of the most widely used information services in the northern European power markets. A pioneer in the Nordic market, more than 600 companies throughout Europe now rely on the Montel Internet Service as an indispensable source for power markets data.

Montel provides the following services - and more:

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  <http://www.eyeforenergy.com/pics/newsletter/line.gif>

Energy Exchanges Online Europe: Energy Trading in the New Economy

Places are filling up fast to attend next month's Energy Exchanges Online conference in Amsterdam (19-21 February). Recent efforts at deregulating the energy market in the European Union, combined with the rise of online energy exchanges, is set to make the next few months one of the most challenging and opportunity-filled periods the energy sector has seen.

This event, now in its 3rd year, is THE conference where the European Energy industry talks about the business of energy trading. Speakers will include: Dynegy, Altra Energy, OM, Powergen, Bergen-energi, Amsterdam Power Exchange, RWE Trading, ENDESA, The Utilities Exchange, El Paso, SchlumbergerSema, TXU, and many more.

Click here <http://www.eyeforenergy.com/eurotrading/programme.shtml> to view the full conference programme.

  <http://www.eyeforenergy.com/pics/newsletter/line.gif>
 NEWS ROUND UP - WEEK IN REVIEW <http://www.eyeforenergy.com/pics/newsletter/hweekin.gif>
Debate over Global Warming Heating Up
January 2, 2002--- New Zealand's Business Roundtable has come out against the government ratifying the Kyoto Protocol on climate change while the minister, Pete Hodgson, has given more reasons why it should be done sooner rather than later.

In article just released, Mr Hodgson says New Zealand produces less than 0.2 per cent of world emissions but emissions per person are the fourth highest in the developed world, including large methane emissions from farming.

Carbon dioxide emissions have increased faster than the population... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25022>

Environmentalists Push for GHG Regulations
January 24, 2002----In what is shaping up t be a last ditch duel, pitting the oil and auto industries against environmental groups, battle lines are being drawn as California seeks to become the first state to regulate greenhouse gas emissions from cars.

The one-page measure would order the Air Resources Board to lower the amount of carbon dioxide -- one of several greenhouse gases -- spewing from the tailpipes of California's 29 million cars and light trucks.

If the bill doesn't pass the Assembly before the end of the month, it dies.... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25019>

Lay Out at Enron
January 24, 2002--- In an announcement that was met with surprise by some but inevitable by close observers Kenneth Lay resigned his post as CEO of embattled Enron late yesterday. Defiant in the face of mounting pressures from ex-employees and creditors, Lay said the bankrupt energy trader needs a fresh leader to turn the company around.

Lay, faced widening criminal and political investigations, finally agreed with creditors that the company needed new leadership, if it is to emerge from bankruptcy.

As more than a dozen regulators and congressional committees line up to take their shots at him, Enron spokesman Vance Meyer... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 25010>

Australian Companies Face Fines over GHG
January 23, 2002---New South Wales is set to become the first state to establish compulsory greenhouse emission standards for its power industry. The Premier, Bob Carr, set the wheels in motion with a position paper that aims to end a failed voluntary scheme, under which standards have gone backwards, and replace it with a compulsory one which would fine companies if they did not comply.

The scheme, which could start as early as July, will almost certainly mean increased electricity bills for consumers, although the Government insists the increase will be small.

Mr Carr will also release a report by the Independent Pricing and Regulatory Tribunal that says power firms have... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 24963>

U.S. Close to Kyoto Alternative
January 22, 2002---After receiving mounting criticism for pulling out of the Kyoto Protocol, the United States is close to formulating an alternative plan on global warming that stresses containing greenhouse gas emissions rather than cutting them, sources close to the government said Saturday.

But the initiative to be put forward by the world's largest emitter of greenhouse gases is likely to spark further international criticism as it links emission cuts to economic growth rates and fails to require companies to carry out reductions.

The plan, expected to be announced as early... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 24911>

Dutch Announce $40 Million CO2 Plan
January 22, 20022---The Dutch government has inked an three-year $40 million contract with the World Bank's International Finance Corporation (IFC) will also provide the Netherlands with credits toward its carbon dioxide (CO2) reduction target laid out in the Kyoto treaty to trim greenhouse gas emissions.

In signing the deal, Environment Ministry spokeswoman Babette Graber said, "We are now the first country to use state money to buy C02 (credits)." She added, "The IFC will identify and select the projects in developing countries."

Under the Kyoto treaty, industrialized nations must cut emissions... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 24910>

Enron's Blame Game Continues; Andersen Points Finger at Company's Business Model
January 22, 2002---The dot-com meltdown and the Enron debacle are combining to make Sir Walter Scott's old adage "Oh what a tangled web we weave, When first we practice to deceive," a metaphor for the 21st Century.

Like schoolboys on the playground the Enron saga is full of charges, counter charges, finger pointing and blame. The blame game continued in full force Sunday as the head of Arthur Andersen blamed the energy company's business model as the source of its failure.

"An important point here is... Click here for Full Story <http://www.eyeforenergy.com/content.asp?nli=energy&nld=1/24/2002&news= 24906>

Latest News Now! <http://www.eyeforenergy.com/channels.asp?ch2=83&top=1&nli=energy>

  <http://www.eyeforenergy.com/pics/newsletter/line.gif>
 EDITORIAL <http://www.eyeforenergy.com/pics/newsletter/edit.gif>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	It remains an interesting time for the energy sector...

 ARTICLES <http://www.eyeforenergy.com/pics/newsletter/articles.gif>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Emissions Trading: The Emerging Market
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Energy Policy in the U.S.
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Energy and Weather, an Explosive Combination
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Despite the stance of the Bush Administration, state and industry action suggests a growing interest in greenhouse gas trading opportunities in the U.S.

 NEWS ROUND UP <http://www.eyeforenergy.com/pics/newsletter/news.gif>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Debate over Global Warming Heating Up
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Environmentalists Push for GHG Regulations
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Lay Out at Enron
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Australian Companies Face Fines over GHG
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	U.S. Close to Kyoto Alternative
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Dutch Announce $40 Million CO2 Plan
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Enron's Blame Game Continues; Andersen Points Finger at Company's Business Model

 EVENTS <http://www.eyeforenergy.com/pics/newsletter/events.gif>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Energy Exchanges Online Europe <http://www.eyeforenergy.com/eurotrading>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Emissions Trading Europe 2002 <http://www.eyeforenergy.com/emissions>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Weather Trading Europe 2002 <http://www.eyeforenergy.com/weather>
  <http://www.eyeforenergy.com/pics/newsletter/bullet.gif>	Energy Exchanges Online III <http://www.eyeforenergy.com/eeo3> (new)

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I will probably have my needs met by August.  My interest has been in Analyst/Associates coming off rotations that are available in June.  I have been working with Neil Davies to get this done.  I will let you know if I have further needs.

Thanks,

Tom

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Monday, May 14, 2001 5:40 PM
To:	Martin, Thomas A.
Cc:	Slone, Jeanie
Subject:	Associate

Thomas

Further to John Lavorato's earlier e:mails and your request for an associate the below associate is available for your group.  Her resume is been sent to you.   The A&A Program will be in contact with your office shortly with regard to  new hire set up etc.

Rgds,

Karen
EWS - HR
x54667

Full-Time Associates	Allocated To	Assigned to:	Supervisor	Orientation Start Date	Business Unit Start Date:
Chilkina Elena	ENA	Thomas Martin	Thomas Martin	8/6/2001	TBC


Please see the attached article in the recent issue of Regulation, Volume 23,
Number 3, 2000:


Vince,

Good morning.

As you may know, last Thur. Enron honored this year's recipients of the
Enron MBA Excellence Fund Scholars at a dinner in Austin.  In addition to
the three recipients, Business School Dean May and several of my
colleagues, Enron attendees included Sally Beck, Cindy Justice, Karen
Marshall (newly-appointed coordinator of higher education initiatives for
Enron Community Relations Dept.) and Rick Causey.

I write you at this time to advise you I had occasion to discuss two
current Enron/UT issues with Rick:
I.  Spring 2001 Conference Participation by Jeffrey K. Skilling
II.  UT Participation in EnronTraining Activities
Per my conversation with Rick last Thur., I followed up on that discussion
with an e-mail this morn that touched on those two topics.

I.  With respect to the first, I wrote Rick this morning that:

1.  We at the UT Center for Energy Finance Education and Research (CEFER)
are planning a practitioner-industry Conference in Spring 2001 (late Feb.
or early March) to discuss four topics:  Risk management, Deregulation,
Real options, and International/globalization.
2.  The Conference will kick off with a dinner/keynote address Thur.
evening, then continue all day Fri.
3.  I have had several discussions with you regarding Conference timing,
structure, participation and content.
4.  Further to Rick's agreement to do so during our discussion last Thur.,
in today's e-mail I asked Rick to extend an invitation to Jeff Skilling to
be the keynote speaker at the Thur. evening dinner.

II.  With respect to the second topic, Rick and I also discussed UT
partcipation in Enron Corp. internal training for incoming Enron Corp.
analysts and associates.  Consequently, I e-mailed Rick this morning a
specific set of issues -- "Valuation and Risk Management in Energy Markets"
-- which my UT colleagues and I have covered in public as well as
customized exec ed settings, and which we would be pleased to customize for
presentation at Enron.  FYI, I am enclosing a copy of said topics at the
end of this e-mail.

I look forward to seeing you again soon, and to your UT visit on 10/11.  Best,
Ehud

Training Program:  "Valuation and Risk Management in Energy Markets"

Target Audience:  Associates, Analysts, Traders, Marketing/Sales, Risk
managers, Financial analysts

Program Objectives:
1.  Understanding the physical and financial U. S. markets for electricity
and natural gas
2.  Understanding the structuring, reverse engineering and valuation of
exchange-traded and OTC energy derivatives, including "exotic" options,
structured products, and spread and basis products
3.  Promoting a common language between trading and marketing personnel
regarding valuation and hedging of structured products
4.  Risk-management

Program Contents:
I.  "Electricity 101"
-- Problems in pricing
-- Spot markets
-- Forward markets
-- Trading:  Basis, fixed-price, volatility
-- Markets:  Characteristics and participants

II.  Valuation/Structuring/Hedging
1.  Fundamentals of Forwards and Futures Contracts:
-- Forward Contracts:  Definition, Payoff Diagram, Pricing by Arbitrage
-- Futures vs. Forwards
-- Commodity Futures
-- Swaps
-- Constructing Forward Curves:  Contrast with price forecast; Using the
spark spread; Incorporating regional bases

2.  Introduction to Option Pricing:
-- Payoffs
-- Put-Call Parity
-- Binomial Model
-- Black-Scholes Formula
-- Option "Sensitivities" (the "Greeks"); Delta and Gamma

3.  Uniqueness of Energy Derivatives:
-- "Term Structure" of Volatility
-- Convenience Yield / Seasonality
-- Basis

4.  Estimating Volatility in Energy Markets:
-- Estimating Volatility in Financial Markets
-- Hourly vs. Daily Vols
-- Historical or Implied Vols?
-- Characterizing the Volatility "Surface" Across Time and Strike

5.  Design and Valuation of Structured Products in Commodity Markets:
-- Valuation of European Call Options in Energy Markets
-- Average Options on Oil Futures Contracts
-- Spread and Basis Products
-- "Swing" Options in Power Markets
-- Weather Derivatives

6.  Risk-Management
-- Motivation for Structured Trades
-- Valuation of real options (e.g., valuation of power plant or gas field)
-- Value-at-Risk (one- and multi-factor models)
-- Repowering option

7.  Advanced Topics (for qualified audiences)
-- Relationship between forward prices and expected spot prices
-- The Importance of Hedging Volatility Changes
-- Consistent Method for Estimating Hourly, Daily and Monthly Term
Structures of Volatility
-- Practical Alternatives to Vega-Hedging
-- Applying Options Theory to the Valuation of Power Plants
-- Valuation of "Swing" Options under Ruthless and Non-Ruthless Exercise

==============================================
     Ehud I. Ronn
     Professor of Finance and Jack S. Josey Professor in Energy Studies
     Director, Center for Energy Finance Education and Research
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


Mark:

I let Teresa know that you will be handling this matter.

Leslie

 -----Original Message-----
From: 	Mandola, Teresa
Sent:	Monday, October 15, 2001 3:20 PM
To:	Hansen, Leslie
Subject:	The Energy Authority

Leslie,

I just spoke with the gas futures trader at TEA and he would like to trade on EnronOnline, but can't due to ISDA not being in place.
I know  they trade on behalf of others, but is there anything we can to do accommodate them, in order to migrate their gas business to EOL ?

Thanks for you assistance.

T.


ENA's bid for the Lost Creek fuel is Gas Daily +$0.025 for September.

Theresa
(303) 575-6485


I can see every day except yesterday.  Are you completely done with the autoshcedule process for that day?  Is so can we rerun it?

Laurel

 -----Original Message-----
From: 	Gang, Lisa
Sent:	Wednesday, March 27, 2002 12:44 PM
To:	Bolt, Laurel
Subject:	RE: PCSNA

Laurel, I just auto scheduled through the 29th.  We have had major system problems, We apologize for the delay.  Let me know if this worked.  I'm still not 100% confident regarding our system.

lisa

 -----Original Message-----
From: 	Bolt, Laurel
Sent:	Wednesday, March 27, 2002 10:23 AM
To:	Gang, Lisa
Subject:	FW: PCSNA

Do you know when you will have yesterday scheduled?  We need that info to complete our daily reports and I need to let some people know when they will be available?

Thanks,
Laurel

 -----Original Message-----
From: 	Kroumov, Kroum
Sent:	Wednesday, March 27, 2002 11:28 AM
To:	Bolt, Laurel
Cc:	Gang, Lisa; Roselius, Steven
Subject:	RE: PCSNA

       Luarel,

       Lisa Gang schedules on the WEST.
       She promissed to schedule for the last 2 days right now.
       I don't have her tel.number, she is not in peoplefinder.

Thanks,
Kroum
x39980

 -----Original Message-----
From: 	Bolt, Laurel
Sent:	Wednesday, March 27, 2002 10:57 AM
To:	Kroumov, Kroum
Subject:	RE: PCSNA

I am not sure what you  are asking, but we run this report everyday for the east and west performance books and there is always liquidations.  Today (for 3-26-2002) we are only able to see liquidations for the east book and I am certain there are liquidations for the west book also.

Laurel

 -----Original Message-----
From: 	Kroumov, Kroum
Sent:	Wednesday, March 27, 2002 10:48 AM
To:	Bolt, Laurel
Subject:	RE: PCSNA

    I am looking at that.
The last schedule strip for that desk has ToDate  3/24/2002.
Was WEST and that desk scheduled ?

KK

 -----Original Message-----
From: 	Bolt, Laurel
Sent:	Wednesday, March 27, 2002 10:40 AM
To:	Kroumov, Kroum
Subject:	FW: PCSNA

Do you have an estimate of when we can run the PSCNA for West?  (East ran with information, it was just west that was a problem.)  We need to send out our reports that include that information in the next hour.

Thanks,
Laurel

 -----Original Message-----
From: 	Kroumov, Kroum
Sent:	Wednesday, March 27, 2002 9:32 AM
To:	Bolt, Laurel
Subject:	PCSNA

    Laurel,

  Please, give me the parameters and the error you are getting with PCSNA.

Thanks,
Kroum
x39980


----   7:55:36 AM   ----
Error : Can not login user: ESAIBI to eolprod_bde
ORA-24324: service handle not initialized


-----Original Message-----
From: 	Geaccone, Tracy
Sent:	Wednesday, October 03, 2001 1:35 PM
To:	Kilmer III, Robert
Subject:	FW:

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Wednesday, October 03, 2001 12:17 PM
To:	Geaccone, Tracy
Subject:	RE:

Here it is.  I'm going to be making some changes before our 3:00 meeting w/ Danny today.  I was planning on having the final to you tomorrow after I make any other changes we discuss in that meeting.

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Tuesday, October 02, 2001 5:41 PM
To:	Donoho, Lindy
Subject:

Can you e-mail me the latest and greatest 2002 presentation?

Thanks


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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
04:41 PM ---------------------------

"Btu" <subs@btu.net> on 12/15/2000 04:30:32 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

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

 - wg121800.pdf


Brothers,

EWooglin has been taking a nap.  Some time ago Yahoo acquired E-Group,  where our SMU Beta Theta Pi group site was located.  Be sure to update your  e-mail address book with the new address to use to reach all the members with  one easy e-mail:
 smu-betas@yahoogroups.com

If you want to check out the site...have your ID name and password handy  and sign in at:
 http://groups.yahoo.com/

Apparently, our pictures didn't make the transition to Yahoo.  Feel  free to start rebuilding our album in your spare time.

Post message:smu-betas@yahoogroups.com

Subscribe: smu-betas-subscribe@yahoogroups.com
Unsubscribe: smu-betas-unsubscribe@yahoogroups.com
List owner: smu-betas-owner@yahoogroups.com

-kai-
BEEK

Yahoo! Groups Sponsor
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 To unsubscribe from this group, send an email to:
smu-betas-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service .


Mr. Lay--

During the negotiations with the Rockets as to how much each party would
contribute to the Arena referendum campaign, Mike Goldberg of Baker & Botts
suggested that the Rockets would like to net their contribution obligation
against other contributions that they solicited.

After a conversation with you, John Watson and I advised Mike Goldberg that
you did not want to be competing with the Rockets in soliciting
contributions to the Arena referendum campaign.

Mike Goldberg called Friday and asked whether it would be acceptable for the
Rockets to net against their contribution obligation contributions that they
have solicited from Baker & Botts, Jim MacInvale and Tilman Fertitta.  Mike
suggested that these three persons would be the only outside persons that
would be solicited by the Rockets.

Would you please let me know if this is acceptable to you.  You or Rosalee
may call me at 713-758-2350 or send me a response e-mail at
mtelle@velaw.com.

Sincerely,

Michael S. Telle


---------------------- Forwarded by Christian Yoder/HOU/ECT on 02/14/2001
02:39 PM ---------------------------

Christian Yoder

02/14/2001 02:57 PM
To: civalek@hdw.com, jbpirog@hdw.com
cc:
Subject: contractual language

John,
For the call at 4, here are some contractual provisions, and a piece on CPUC
talking points.  These are very much still in process and we reserve the
right to modify our language or add new terms, but wanted to show you where
we are in our thinking at this point. ----cgy


Deal # 377169 has been revised today effective 4/19/01 as follows:

C/P		Meter #	Trade Zone	From		To

Cokinos	98-9842		07		0		3,000

Bob


New updated phone list


----- Forwarded by Sara Shackleton/HOU/ECT on 10/05/2000 10:57 AM -----

	Mike Fowler@ENRON
	10/05/2000 10:21 AM

		 To: Samantha Boyd/NA/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON
		 Subject: Prime Broker Letter

Assuming that this relates to a request from one of the online trading sites
(Buy Side Direct, Trading Edge or LIMITrader), Sara is correct that we intend
to use Morgan Stanley as our prime broker to clear our trades through the
site's clearing broker.

Mike
x39990

---------------------- Forwarded by Mike Fowler/Corp/Enron on 10/05/2000
10:15 AM ---------------------------
From: Sara Shackleton@ECT on 10/05/2000 10:13 AM
To: Samantha Boyd/NA/Enron@ENRON
cc: Mike Fowler/Corp/Enron@ENRON, Paul Radous/Corp/Enron@ENRON

Subject: Re:

I'd stick with Anthony.  I didn't think that Prudential was one of our
clearing brokers (remember, the letter must come from our clearing broker).
Please keep Mike Fowler and Paul Radous informed.  Thanks.  Sara

	Samantha Boyd@ENRON
	10/05/2000 09:32 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re:

Sara,

I have Kevin Enright at Prudential Securities, Incorporated and Anthony
Capolongo at Morgan Stanley researching the "Prime Broker Letter".

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com

	Sara Shackleton@ECT
	10/03/2000 06:53 PM

		 To: Samantha Boyd/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron
		 cc:
		 Subject:

Paul Radous has requested that we seek a "Prime Broker letter" to send to the
CP.

Click on this link to view the document in the Financial Trading Agreements
database-->


Shirley -

I spoke with Janelle Duree  (Manager - Move Team), she is investigating the
mystery of the missing phone and will call me back with status - If you can
take care of the PC, I think we look good on the phone. I also spoke with
Paul Racicot to make sure we are all of the same mind and he is set as well.

P

	Shirley Crenshaw@ECT
	06/15/00 02:06 PM

		 To: Emmanuel Mangin/Corp/Enron@Enron
		 cc: Clayton Vernon/Corp/Enron@ENRON, Paula Corey/Enron Communications@Enron
Communications, Vince J Kaminski/HOU/ECT@ECT
		 Subject: Move computer from the Research Group 19th Floor to the 44th Floor

Hi Emmanuel:

We need a computer installed on the 44th floor tomorrow, if at all possible.

We have a new summer intern coming on Monday the 19th and the
computer and everything else has disappeared from his desk.

The location is EB4444B.

The computer we are moving is Clayton Vernon's old computer.  He is
finishing up moving his files to his new computer as I am writing this.

Please call me in the morning and we will talk further.

Thanks!

Shirley Crenshaw
3-5290


Jeff,

Attached is a full list of the deals that booked incorrectly.

Thanks,

Errol
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 05/01/2001
09:42 AM ---------------------------
From: Dawn C Kenne/ENRON@enronXgate on 04/23/2001 05:01 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: FW: Gas Daily Deals

 -----Original Message-----
From:  Kenne, Dawn C.
Sent: Monday, April 23, 2001 4:23 PM
To: Gossett, Jeffrey; Denny, Jennifer; Moorer, Torrey
Cc: Sweitzer, Tara
Subject: Gas Daily Deals


Do we want to just ask Colonial Oil to let us out of this position?

-----Original Message-----
From: Moran, Tom
Sent: Monday, November 26, 2001 10:27 AM
To: Goughary, Jim; Nowlan Jr., John L.
Cc: Bradford, William S.
Subject: RE: December Cargo and Drawback Assignments

Jim,

Is the size of the cargo that Enron would need to purchase approx 280,000 bbls with a value of roughly $6 million ?
What would the payment terms be from Colonial ?

Regards!
tm

 -----Original Message-----
From: 	Goughary, Jim
Sent:	Monday, November 26, 2001 9:34 AM
To:	Nowlan Jr., John L.
Cc:	Moran, Tom
Subject:	FW: December Cargo and Drawback Assignments

I have a term sale to Colonial Oil for 1 cargo per month into Jacksonville Florida. I did not deliver the November cargo and they agreed to wait until Dec 10th. I can't perform on this commitment unless we can open an LC or pre pay in order to buy a cargo. Money would not be tied up more than a few days. Would like to perform and avoid any potential additional costs and/or damage to our credibility due to non-performance. Please advise.
-----Original Message-----
From: Tim Conklin [mailto:TConklin@colonialoil.com]
Sent: Monday, November 26, 2001 9:14 AM
To: Goughary, Jim
Cc: Steve McNear
Subject: December Cargo and Drawback Assignments

Jim,

Please call me ASAP regarding the December cargo.  We are baseline
sensitive.  We need a cargo into the system at the very latest December
10th, would prefer few days earlier.

Also do you have current duty drawback that can be assigned?

Tim D. Conklin
Manager Supply & Distribution
Colonial Oil Industries, Inc
Phone (713) 629 - 7563 x114
Fax (713) 629-4643


A buddy in Korea sent this to me,  this is for all you computer jockey's out
there.  Especially you Brawner :)

See ya,

Lawler.
______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - CokeGift.exe


Gary,

Could you please remove  SCADA/MIPS from the following HPL meters. These
meters are where Mid-Texas interconnects with
PG & E's system, and there should not be any measurement taking place on HPL.
These meters were set up originally when we thought
that every meter on Mid-Texas should automatically have a corresponding meter
on HPL. This assumption is now incorecct.

980388
980389
980390
980391
980392
980393
987271
987260
987283

Thanks
George


Notice No. 02-28
January 22, 2002

TO:		All NYMEX and COMEX Members and Member Firms

FROM:	J. Robert Collins, Jr., President

RE:		Delisting of FTSE Eurotop 100
 Futures Contract

Please be advised that the Exchange has determined to delist the FTSE
Eurotop 100
 Futures contract.  Commencing on Friday, January 25, 2002, this
futures contract will no longer be listed for trading at the Exchange.

If you have any questions concerning this change, please contact Michael
Campanelli at (212) 299-2072.


Given that tonight's weather conditions may not permit dining alfresco, I was
wondering if we should come up with an alternative plan.  I think the first
order of business is whether or not we want to go some place we can eat or if
everyone just wants to meet up post dinner.  Depending on everyone's
preferences I have several suggestions.  Let me know your thoughts (regarding
tonight).


----- Forwarded by Jeff Dasovich/NA/Enron on 02/05/2001 04:40 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/05/2001 04:29 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: Codgill/ACR2X Press Conference 2/15

Assemblyman Dave Cogdill (R-Modesto) was joined earlier today by other
Republican legislators during a press conference announcing the introduction
of ACR2x - a resolution encouraging the Governor to exercise his emergency
authority to solve the energy crisis. The main message of the news
conference was "It's the supply stupid."

Following are the legislators who attended:

Cogdill Dickerson, Pescetti, Strickland, Daucher, Wyman, Runner, Mountjoy,
La Suer, Maddox, Ashburn, Cox, Aanestad, Richmon, Leonard, Bob Pacheco)

The resolution specifically calls for Davis to:

 ?  Ease environmental regulations that have hampered electricity generation
 ?? Requests the Secretary of Resources, Energy Commission, the PUC and
others to explore their options to increase CA energy supply
 ?  Specifically mentions siting and permit issues for the Metcalf Plant and
Huntington Beach

Attached is a copy of the press release and Cogdill statement.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

 - Assy Cogdill Press Conference


This seems like something the Confirmation Desk should do, or you.  I have
never dealt with the deal tickets before.
----- Forwarded by Tana Jones/HOU/ECT on 10/12/2000 10:47 AM -----

	Allison McHenry@EES
	10/12/2000 10:41 AM

		 To: Christina Finelli/HOU/EES@EES, Tana Jones/HOU/ECT@ECT, Paul
Smith/HOU/EES@EES
		 cc: Marianne Castano/HOU/EES@EES
		 Subject: SWAP Deals

Can everyone meet tomorrow around 3-4pm to talk about SWAP Deals? If not
Friday, when would be a good time on Monday? Marianne Castano would like for
Paul to explain the Springs deal to us and have Tana show us how to transfer
the information to a Deal Ticket form. Thanks.


Martin,

I can join the car pool.

Vince

From:	Martin Lin on 04/25/2001 10:59 AM
To:	Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate, Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Cunningham/NA/Enron@ENRON, Sevil Yaman/Corp/Enron@Enron
cc:
Subject:	UT Short Course travel arrangements

If the schedule works, perhaps a carpool is best for attending the course, given the number of us going.  Vasant has offered to drive.  Dependiing on driving speed and traffic, leaving Houston by 9:30am should give sufficient time to make the 1pm class, including some time for lunch.

Please let me know if you are interested in the carpool or have alternate plans or suggestions.

Thanks,
Martin


Did you pass that on to Drew or Jay?  If we really don't think we'll do a five year day, they really need to talk to Kiodex before we send documents out.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Attached is a revised draft of TW's capacity option filing.  I thought the
comments I received last week were very helpful, and pursuant to our
discussion I've added language addressing rates, limitation of liability, and
the necessary exception to Commission policy.  Some of the language will
probably need to be expanded or changed.  I have also included a section in
the tariff cross-referencing applicable General Terms and Conditions.  The
letter and tariff sheets are redlined; I did not make significant changes to
the agreement.

I have not come up with a projected filing date yet; I believe it is
important first to plan our pre-filing communication with customers as well
as informal discussions with FERC staff.  I will be contacting some of you to
coordinate these efforts, and this should help us decide on a reasonable date.

Market Services:  Because this filing is still just a draft and may change
based on what we hear from customers, I will just continue to keep you in the
loop and will leave it up to you to decide when and with whom to meet in
order to get the information you need.

Please let me know your substantive questions and comments on the attached
before next Wednesday if possible.

Thank you.


FYI.  Could you please forward to Bev?  More arrows for our quiver in trying
to get out the truth.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/10/2001 09:22 AM -----

Subject: FW: where does our energy come from?

-----Original Message-----
From: Curt Pringle [mailto:Curt@curtpringle.com]
Sent: Monday, July 09, 2001 6:23 PM
Subject: where does our energy come from?

Assemblyman Bill Leonard's most recent e-newsletter contained the
following information.  I think it is very interesting to consider in
light of the present energy situation in California and the comments of
our present Governor.

Regards,
Curt

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

***Who Really Powers California?***
Governor Davis has made no secret that he believes that swashbuckling,
cattle rustling, energy barons from Texas are to blame for our energy
crisis.  While Texas power companies make for good bad guys in the
Governor's transparent Kabuki theater of blame, Leonard Letter readers
may
be interested to see who really provides power to Californians.  The
following list illustrates what percentage of our power supply each
group of
generators provides. (Editor's note: these percentages have been rounded
up
resulting in slightly more than 100%)

18%- Pacific Gas and Electric (California)
15%- Southern California Edison (California)
11%- Imported power from the Northwest (including Canada)
10%- Los Angeles Department of Water and Power (California)
10%- Imported power from the Southwest
7%- State and Federal Agencies
6%- AES power company
5%- Municipal Utilities and Irrigation Districts
5%- Reliant power company
4%- Duke power company
4%- Southern power company
4%- Dynegy power company
1%- Sacramento Municipal Utility District (California)
1%- Calpine power company
1%- San Diego Gas and Electric (California)

It should be noted that of this list, only Dynegy and Reliant are from
Texas.  These two companies represent a total of 9% of California's
energy
portfolio.  By comparison, Georgia-based Southern (Mirant), Virginia's
AES,
and North Carolina's Duke Energy, have a 14% share of our energy
portfolio.

This list does not focus on who is gaming the market.  However, every
provider listed benefited from skyrocketing energy prices.  In trying to
identify those power producers who used market power to ring up high
profits
on Californians, we should include ALL power producers in our
investigations.  State and federal agencies, independent power
companies,
utilities, municipal utilities, and even local irrigation districts
could
all be guilty of gouging consumers.  Davis's focusing on only those
companies from Texas does everyone in this state a disservice and is a
misrepresentation of fact.

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

Curt Pringle
Curt Pringle & Assoc.
2532 Dupont Drive
Irvine, CA 92612

(949) 474-4090
(949) 474-4082 fax


Kathleen:

Paul Hastings would like ENA to resign the Incumbency Certificate, since the
original Certificate did not affix the corporate seal.  Could you coordinate
this and make sure the seal is affixed to the new Certificate?  Thanks.

Call me if you have any questions.

Regards,

Marisa

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - Reuter, Maria I. (Business E-Mail Address).vcf


David, I want to enforce this to nth degree given his understanding of our
industrial offering and that fact he mis-represented his reasons for leaving.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/01/2000
06:25 PM ---------------------------

David Oxley
08/01/2000 08:19 AM
To: David W Delainey/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Jeff
Donahue/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Mark
Frevert/NA/Enron@Enron
cc: Michelle Cash/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Sheila
Knudsen/Corp/Enron@ENRON, Fran L Mayes/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT
Subject: Ajello

Seems Jim Derrick got a call last night from Chief Legal Counsel at Reliant
saying that Jim would be joining them to develop something similar to an EES
business for them and wanted to discuss our no-compete.

I have told Michele that we will want to apply the full force of the
no-compete which should keep him out of the market thru Feb 3, 2001.

I'll keep you updated.

David