<<RED.Escrow Agreement Enron Salmon LLC.DOC>>  <<ENA Salmon Escrow
Disbursement Instrns.DOC>>

Ladies and Gentlemen:

We have enclosed drafts of the following documents:

1.  Escrow Agreement marked to reflect changes from the draft previously
circulated; and
2.  Escrow Disbursement Instruction Letter.

Please review and advise of any comments.  Note that Citibank has not seen
or approved the enclosed forms, although the Escrow Agreement is identical
to one previously acceptable to them.  I have contacted Citibank about the
escrow, and they are to get back to me with a contact and fee information.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures: 137032vR3/2
  139328v1

                    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.

 - RED.Escrow Agreement Enron Salmon LLC.DOC
 - ENA Salmon Escrow Disbursement Instrns.DOC


Greetings All,

On October 7th at 2:57 p.m. (CST), Cindy gave birth to our son, Andrew
Joseph Edward.  Andrew weighed in at 6 lbs. 12 oz. and is 19 3/4 inches
long.  This makes him a very light feather weight, but we intend to get his
weight up for future Olympic competition.  Mom is doing fine but feels like
she has been hit by a truck.

We thank you in advance for all of your good wishes!

I hope this e-mail finds everyone in good health...and perhaps with a
renewed desire to baby sit in the bayou.

Tom
Professor Tom Arnold
E.J. Ourso College of Business Administration
Department of Finance
2155 CEBA
Louisiana State University
Baton Rouge, LA 70803
O: 225-578-6369
F: 225-578-6366


thx

 -----Original Message-----
From: 	Gonzales, Sharon
Sent:	Thursday, October 25, 2001 10:07 AM
To:	Perlingiere, Debra
Cc:	Richardson, Stacey
Subject:	RE: Monroe Power Company

Hi Debra,

I ran a report in Sitara on contract #96036522 Monroe Power Company and there are currently no deals attached to that contract.

Thank you,
Sharon

 -----Original Message-----
From: 	Richardson, Stacey
Sent:	Wednesday, October 24, 2001 5:47 PM
To:	Gonzales, Sharon
Cc:	Perlingiere, Debra
Subject:	FW: Monroe Power Company

Sharon, please run a deal check for Debra.

Thanks!
SBR

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Wednesday, October 24, 2001 5:45 PM
To:	Richardson, Stacey
Subject:	Monroe Power Company

 Are there any deals outstanding under this GISB  # 96036522?

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


hi!


Clark,

Attached is the draft O&M Agreement that I referred to in my last e:mail.

Steve
----- Forwarded by Steve Van Hooser/HOU/ECT on 01/09/2001 01:42 PM -----

	Gerald Nemec
	01/05/2001 02:51 PM

		 To: Dwight Beach/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT
		 cc: Steve Van Hooser/HOU/ECT@ECT
		 Subject: O&M Agreement Draft

Attached is a very rough draft of the O&M Agreement based on our
discussions.   There are several blanks concerning the numbers and I have
noted several questions thoughout the agreement that need further
clarification.  I am okay with sending this to the operator with the caveat
that although the general substance of the agreement is in place, there may
be some further changes to the language after further review.  Please review.


Attached please find the subject agreement for your review.   Please note
that certain blanks need to be completed regarding the Customer's status.  If
you have any questions, please do not hesitate to call me at (713)853-6895.


Watch for her call.  Ask her to send me a resume to review and set up a
meeting when convenient.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/02/2001 09:48 AM
---------------------------

Paula Rieker@ENRON
02/01/2001 03:59 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Candidate

Sally - I had a chance to meet with Norma Tidrow today.  Norma is currently
the Corp. Secy. at Azurix.  I worked closely with her in the International
business and have a very high regard for her work.  Norma's background is as
a senior legal specialist.  She has advanced to a Director level at AZX.   I
believe she would be a very strong candidate for the right job within Enron.
She is a very quick learner, and her documentation and process-oriented
skills are exceptional.  Pls. expect a call from her to discuss
opportunities.  Thanks for your consideration!  Paula


To date, I have been able to meet one on one with the Houston based
functional group who will be supporting this critical project.  In those
discussions, I have found that the members are coming from different levels
of knowledge of this project.  It is my intention to bring everybody up to
speed at the same knowledge base.  I would like to meet with you on Tuesday,
June 1, from 10 - 11:30 a.m.  Conference room EB-32c2 has been reserved for
this meeting.  Please let me know if you will or will not be able to attend
this meeting.

After our one on one discussions, I forwarded to each of you all of the data
that I have received to date from London.  I recommend that you review this
documentation prior to our meeting on Tuesday, June 1.  I have also included
David Port's latest "Operational Policy and Procedures" file which supersedes
what I previously sent to you regarding this section only.

Also attached is the on-line trading project team member list from the London
and Houston based operations within each respective function.  This list
includes the groups that they will be representing, telephone numbers, and
locations.  Please review this list for corrections and updates, and give me
these changes.  I will update the list and forward the revised copy to you.
If I have missed anyone, it has not been intentional, and I apologize.

Paul Racicot, Andy Thomas and I met on Wednesday, May 26, with Jay Webb and
his IT team to start detailed discussion around company profile, customer
profile, and trader profile.  A number of "to do" items came out of this
meeting; I have started working on these items as follows:

Customer Profile  We are in the process of pulling our "mission" critical
counterparties by product.  This will be based on each products' top
counterparties within the 1998 business year.  Each product list has a
different scope to narrow the number, thus helping focus on those critical
counterparties.  The lists will be given to Paul Racicot who will distribute
to the appropriate commercial heads in Houston to identify which
counterparties listed and/or additions/deletions for first phase
implementation.  After these short lists have been agreed upon, the
counterparty information will go to our credit and legal groups for due
diligence to assure that everything is appropriate for phase one
implementation.

Customer Profile - General Terms and Conditions   Another outcome from this
meeting dealt with the general terms and conditions [GTC] and how they will
relate to each of the specific counterparties.

Customer Profile - Field Descriptions
I am also co-ordinating with the legal group for their review and comment on
the wording of the "short" and "long" description within the company profile
screen.

David Port will be in Houston next week.  David and I will meet to develop
the following:

specific work schedules by discipline which will include key activities,
individuals, and critical timing required to meet phase one for the project
deadline
confirm that the system can do what we imply it should do in this process
confirm that it is workable for US traded products
fill in any gaps between locations, product business, etc.
agree the method of roll - out to business units because it needs their
cooperation
decide and address resource implications

I thank all of you for your participation in this project and sharing your
knowledge and time to bring this project to a successful completion.  I look
forward to our meeting on Tuesday.

Regards,

David


Did you buy any ? I have the golden touch. 500 at 37


Tammie:

TX Gas Orig:

	Brian Redmond - MD
	Gary Bryan - Director
	Morris LaRubbio - Manager
	Jennifer Shipos - Manager

	JD Buss (Assoc) is in the Research/Fundamentals Group and is dedicated to TX Gas on a dotted-line relationship.

Laura, can you put this in the correct format and submit to Tammie.

Thanks,
Brian

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, January 02, 2002 6:44 PM
To:	Kitchen, Louise; Colwell, Wes; Hodges, Georgeanne; Milnthorp, Rob; Zufferli, John; Hedstrom, Peggy; Myers, Thomas; Bradford, William S.; Will, Lloyd; Beck, Sally; Hall, Bob M; Presto, Kevin M.; Forster, David; Reeves, Leslie; Gaskill, Chris; Superty, Robert; Lagrasta, Fred; Luce, Laura; Tycholiz, Barry; Redmond, Brian; Vickers, Frank; Gossett, Jeffrey C.; Arnold, John; Grigsby, Mike; Allen, Phillip K.; Neal, Scott; Martin, Thomas A.; Shively, Hunter S.; Rub, Jenny; Webb, Jay; Haedicke, Mark E.; Buy, Rick; Calger, Christopher F.; Duran, W. David; Robinson, Mitch; Curry, Mike; Heizenrader, Tim; Belden, Tim; Steffes, James D.; Aucoin, Berney C. ; Roberts, Mike A.; Oxley, David
Cc:	Lavorato, John; Schoppe, Tammie
Subject:	RE: NETCO

Organisational Charts have been requested by one of the potential Buyers.  Please send to Tammie by close of play tomorrow.

Thanks

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, December 31, 2001 12:54 PM
To:	Colwell, Wes; Hodges, Georgeanne; Milnthorp, Rob; Zufferli, John; Hedstrom, Peggy; Myers, Thomas; Bradford, William S.; Will, Lloyd; Beck, Sally; Hall, Bob M; Presto, Kevin M.; Forster, David; Reeves, Leslie; Gaskill, Chris; Superty, Robert; Lagrasta, Fred; Luce, Laura; Tycholiz, Barry; Redmond, Brian; Vickers, Frank; Gossett, Jeffrey C.; Arnold, John; Grigsby, Mike; Allen, Phillip K.; Neal, Scott; Martin, Thomas A.; Shively, Hunter S.; Wynne, Rita; Rub, Jenny; Webb, Jay; Haedicke, Mark E.; Buy, Rick; Calger, Christopher F.; Duran, W. David; Robinson, Mitch; Curry, Mike; Heizenrader, Tim; Belden, Tim; White, Stacey W.; Steffes, James D.; Aucoin, Berney C. ; Roberts, Mike A.; Oxley, David
Cc:	Lavorato, John
Subject:	NETCO

The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO.  Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.

The main areas to focus on over the next week are:-

(i) 	Re-start/Integration Plans (due on Jan 7)				To be forwarded to Louise
	These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.
	The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.
(ii)	Budget (due Jan 3, 2002)						To be forwarded to Faith Killen
	First year budget to include all start up costs (some of which can be amortized)
(iii)	Seating Plans								Tammy Shepperd to co-ordinate
	We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
	I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv)	Due Diligence
	We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.

I would ask that both John and I are notified of any changes to the Netco personnel list on a timely fashion and that the list is maintained on a continual basis.  Please forward all alterations to Jeanie Slone who has responsibility for the master list.

Communication - I believe that the New Year combined with a internal communication issues may be a good time to review what we want to say on Netco and what our policies are.  I am asking David Oxley to co-ordinate with all of you on this.  I know a lot of you believe that we need to only communicate once we have retention programme in place for the estate which may be a good idea but we we need to make sure that we lose as few people as possible.

If you are unavailable this week, please ensure you delegate this work out.

Happy New Year

Louise


Hi, Teb:
Here's Ann's response to the Big Kitty email. Steve may be right, but I don't
think so because the cat does look like it's being held end to end. Or does
it???

I'm going to have to make a big decision--give up office here in Depot Square
or rent out apt. What do you think is the better choice?

Love,
Sandy

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Hi Sandy,

Steve thinks this is tinkering via Adobe Photoshop. Thinks the guy doesn't
have the posture he would have to hold an object that size.....if it is
true, it is pretty amazing!

Looking forward to seeing you Friday. Am thinking that if I end up working I
will still come up Friday night since it stays light so late. So plan to see
me one way or the other. Had a GREAT weekend in Maine. Really love that
place!! Ann
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


October 11th, 1999

Mr. Kenneth L Lay
COB/CEO
Enron Corp.
1400 Smith St.
Houston, TX  77251-7369

Dear Mr. Kenneth L Lay,

I would like to take the opportunity to introduce our company, Everest
Consultants, Inc. and offer a strategic partnership that would provide
Internet/Intranet/Web commerce software project services and offshore
software development for your needs.

We are an established software development firm with clients from USA
and
Europe with successful track record of having provided IT project
services.
We are positioned to address a variety of IT requirements, spanning the
complete spectrum of computing environments and for diverse industry
segments.  Whether it is new product development, maintenance, porting,
migration, or re-engineering, we can rise to the challenge and deliver
the
most appropriate solutions.  Here are some of the areas where we can
help
you

INTRANETS & EXTRANETS
-Document & Knowledge management systems
-Product  Configurators
-B2B & B2C applications and integrations
-Enterprise based applications
-Build Portals

E-COMMERCE
-Electronic shopping, electronic cataloging & secure payment
transactions
-On-line retailing & home banking

APPLICATION DEVELOPMENT & MAINTENANCE of CLIENT SERVER APPLICATIONS
-Application Management (maintaining clients current application
systems,
lowering cost and improving user satisfaction)
-Application Modernization (migrate from legacy environment to more
advance
platforms)
-Application Development in the client server environment

ENTERPRISE RESOURCE PLANNING

-ERP Solutions- SAP, Peoplesoft, Oracle
-Preimplementation, Implementation &Post Implementation Services
-Customization, localization and enhancements

CUSTOMER RELATIONSHIP MANAGEMENT
-Strengthening communication with customers and handle different phases
of
 customer relations effectively and efficiently apart from achieving
better
 customer knowledge.
-In addition our Sales Force Automation solutions enable
 sales persons to spend more time selling and less on unproductive and
 repetitive admin tasks.
-Our Customer Service & Support solutions help
 clients enhance support to their customers.

Our partners are enjoying strategic advantages of cost, quality,
service & delivery by executing Information Technology projects
through our offshore development center. Our offshore development
center in India can save 40% - 50% of your costs acting as a "virtual"
extension of your office. As a partner, some of the benefits we can
provide are:

Delivery-based Contracts: Everest manages its resources effectively &
efficiently thereby reducing cost to the customer while maintaining
superior service and quality. We eliminate risk to our partners by
offering fixed-price engagements to our customers and structuring
payments based on deliverables.

Proven methodologies: We have superior methodologies by virtue of a
proven track record in our IT development services.  Our consistent &
repeatable processes enable us to offer a low risk and high-value
addition to our partners.

Some of the technology areas we have core competencies are as follows:

* Java/DHTML/XML/JSP/JDBC/Java Script/Jscript/Java Servlets/Java
Beans/Java
Applets
*Visual Basic/COM/ActiveX/ASP/RDO/ADO
* Visual C++/MFC/COM/SDK/Winsock/Quality Assurance
* Object Oriented Analysis & programming/Component Technology
* Networking -TCP/IP, SNMP, Winsock, socket level programming
* Design & Development of database applications in SQL Server & ORACLE
* UNIX/WINDOWS NT/ Win CE system level programming

Please forward this message to other decision makers involved in
exploring a
strategic software development partnership for your needs. For
additional
information please visit our web site at: http://www.everestinc.com or
e-mail me at mailto:ratna@everestinc.com

Sincerely,

Ratna Kaza
Everest Consultants, Inc.
732 603 7747 Ph
732 603 7749Fax
mailto:ratna@everestinc.com
http://www.everestinc.com
"Reaching New Heights in Software Consulting"
Deloitte& Touche Oregon Technology Fast 50
Offices *New Jersey *California *Oregon *India


Attached is our proposed form of NDA.  Let me know if you have any questions
or if I can be of further service.


Hi Kevin,

Apologies if this is the wrong Kevin Presto, but I ran across your name
on the Enron website.  In my previous job, I used to do a lot of work
with Enron on overseas ventures and was surprised to see your name on
the website.  Did you grow up in the Tri-Cities, Washington, and attend
Bethlehem Lutheran School?  If so, I am not sure if you remember me, but

I also went to BLS and was your classmate.

Drop me a line if I have the right person.  Would be interested to
hear about your work at Enron and what you have done in the interim
after leaving Washington state.

Chris Engstrom


don't worry about it

Shanna Husser@ENRON
06/30/2000 12:54 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Cancun

Why?  Just b/c it wasn't what I was thinking??  You are so argumentative-
maybe you really should consider law school.  No seriously- if that is really
what you would rather- it is not a big deal to me.

But- when the new Harrison Ford movie comes out- we are going to see that.
Opens late July.

	From:  Eric Bass @ ECT                           06/30/2000 12:49 PM

To: Shanna Husser/Corp/Enron@ENRON
cc:

Subject: Re: Cancun

im thinking perfect storm

Shanna Husser@ENRON
06/30/2000 12:44 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Cancun

the patriot

	From:  Eric Bass @ ECT                           06/30/2000 11:35 AM

To: Shanna Husser/Corp/Enron@ENRON
cc:

Subject: Re: Cancun

by the way we are going to see either the patriot or the perfect storm
tonight - so decide!

Shanna Husser@ENRON
06/30/2000 10:58 AM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Cancun

Looks nice.  I just had my meeting with my V.P.- looks like I will be doing
my next rotation through EES tax (starts Aug 15th).  I hear it is a real good
group to work with (real smart and nice people)- but I think they put in a
lot of overtime- especially during federal compliance and some during state
compliance time.  Anyway- state compliance is in September and October- so
going before I rotate in August  might not be a bad idea- although I really
think they would let me take vacation whatever time I asked for.  Side
thought- when in the hell am I going to study for the CPA- especially since I
have NO motivation and I am about to enter a group that has lots of OT.  You
do realize that I am never going to pass that exam- and I'll probably lose my
job- and then either you or my family will just have to take care of me.  I
am feeling a little stressed/anxious today for some reason- in case you
didn't pick up on that.  I definately feel like I need a vacation.

	From:  Eric Bass @ ECT                           06/30/2000 10:23 AM

To: Shanna Husser/Corp/Enron@Enron
cc:

Subject: Cancun

check out this site.  louise starts school aug 14, so if we all go it would
have to be before then.
---------------------- Forwarded by Eric Bass/HOU/ECT on 06/30/2000 10:22 AM
---------------------------
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Cancun

Check out www.palaceresorts.com and go to Moon Palace.  Runs about $1200 for
a 3 night stay/couple.  I am not full of shit, I will do it.


Gang,

Apparently there has been some miscommunication from the folks at National
Bank of Canada.   My understanding had been that the Master ISDA between
Garden State and NBC would be exactly the same as the Master ISDA between ENA
and NBC except the $1mm threshold.  This is not the case.  The attached
documents are what they believe should be the draft documents which have the
$1mm threshold difference and an environmental reference that is different.
Can you please take a little time and quickly look through the document and
see what else might be different. I'd like to get a general feel for what is
different so that I can decide the best way to deal with this.

Thanks,
Rodney

---------------------- Forwarded by Rodney Malcolm/HOU/ECT on 09/27/2000
10:39 AM ---------------------------

"Pace, Teresa" <Teresa.Pace@tres.bnc.ca> on 09/26/2000 03:45:26 PM
To: rodney.malcolm@enron.com
cc:
Subject: ISDA documentation

Please find enclosed draft ISDA documentation for Garden State

 <<Guarantee in favor of nbc Enron.doc>>  <<CRSUPP Garden State.doc>>
<<Usacorpo Garden State.doc>>

Please forward all comments to the undersigned

Teresa Pace
Section Manager
Directrice de Section
Legal Documentation-Treasury
Documentation L,gale-Tr,sorerie
Tel: (514) 397-5850
Fax:(514) 394-6271

 - Guarantee in favor of nbc Enron.doc
 - CRSUPP Garden State.doc
 - Usacorpo Garden State.doc


(See attached file: newdaily.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
 - newdaily.pdf


Andrea Dahlke will be the RisktRAC contact for East Power.  Please include her on all correspondence concerning RisktRAC.

Thanks!
Casey

 -----Original Message-----
From: 	Champion, Andrew
Sent:	Tuesday, January  29, 2002 1:15 PM
To:	Ramesh, Ganapathy; Mcginnis, Stephanie; Hayden, Frank; Keiser, Kam; Evans, Casey; Valdes, John
Cc:	Nagar, Bhupesh; Patel, Virendra
Subject:	Summary of meeting items on Day1 Netco RisktRAC preparations

Following is a summary of the action items we discussed.  There were two items that came up after the meeting that I have added to this list (benchmark server and Frank's portfolio hierarchy draft).

 If I left anything out please respond back to everyone, thanks!

Andrew
x57534

Day1 requirements - RisktRAC operations

1) User List
Need to gather list of all employees that will be using risktRAC for book administration, verify list, then ensure they are setup in the RisktRAC database.
(related to 3) Security Access).

2) Migrate users to Netco
Need to check with network security and/or integration team to find out when the users IDs will be
converted to run on the Netco network.  (Dependency for running RisktRAC on Netco).

3) Security Access
Work with Stephanie to follow up with Security on approval for RisktRAC application: confirm groups and approvers.  	Ensure everyone who does not have RisktRAC will have an e-request submitted.

4) RisktRAC Training
Once users have access to Netco RisktRAC setup timeframe for basic training.  If time permits a hands-on overview could also be arranged, as long as someone can access the Netco RisktRAC from their desk (either user or developer).

5) Website connectivity:
Distribute RAC website URL to Netco employees
(confirmed with Bhupesh - http://rac.netco.enron.com )

6) Disable Spreadsheet Position loading:
In RisktRAC disable the ability to load exotic spreadsheets for Day1 users.

7) Day1 Portfolio Hierarchy
(This step can occur before the books are loaded into RisktRAC.)

Review with Frank Hayden the ideal portfolio hierarchy that should be setup, then have users start building the structure without any associations to real portfolios.
The book-portfolio tie-in will occur with action item 8) Day1 Book-setup Spreadsheet.

8) Day1 Book-setup Spreadsheet
a) Discuss timeline for loading Day1 book data from the book-setup spreadsheet;
    Discuss validation issues and cutoff for loading data.
    Note expected book counts are 164 for Gas and approximately 55 - 60 for Power.

b) Add two columns in the spreadsheet for portfolio creation and hierarchy placement, have users fill in this data with guidance from IT.

9)  Control RisktRAC screen-access
Discuss necessary business groups and screen-access to setup in RisktRAC:  Gas Users, Power Users, Credit Users, Market-Risk Users, any other groups that come to mind.

10)  Book-creation/Portfolio audit:
Develop simple adhoc report to help audit books that are not associated with portfolios.  Discuss validation specifications with Ramesh.

11) Financial checks and balances:
How can reported position/P&L numbers match up with those reported by accounting?  Need to find out who owns the accounting reporting and see if some adhoc verification can be implemented.

Known RisktRAC requirements beyond Day1

1) Desktop RisktRAC portfolio security
Review how to implement portfolio-level security in the RisktRAC that is already present on the RAC website.

2) Benchmark Server:
Review with infrastructure how to migrate a copy of the Benchmark Server to a Netco server.
Debbie and Ramesh to discuss further.


Michelle:  Just for my own curiosity, Bobbi Tessandori has informed me that in future all of the documents coming from Tindall & Foster now need Sheila Knudsen's signature, instead of mine?

I believe Jane Allen, as Director, was the highest level individual ever signing the INS documents, as in most of the old files, I see the signatures of HR Specialists, etc., such as myself.

I certainly will abide by whatever management decides needs to be done in the future, but I am just interested to know why the sudden change?

I would appreciate your input.
Many thanks
Margaret


Moody's Participants:  Stephen Moore, John Diaz & Mike Foley


USA: Transwestern plans expansion at Ariz. compressor stations.
Reuters English News Service, 03/29/01

Enron Unit Files Application For $93M Expansion Project
Dow Jones News Service, 03/29/01

El Paso's Calif Gas Play Was Smart,Not Crooked -Analysts
Dow Jones Energy Service, 03/29/01

USA: Maytag farms out energy buying to TXU in 5-year deal.
Reuters English News Service, 03/29/01

EPA's Next Challenge: What to Do About Lead Emissions (Update1)
Bloomberg, 03/29/01

Enron team trying to keep ahead of MS 150 pack
Houston Chronicle, 03/29/01

USA: Transwestern plans expansion at Ariz. compressor stations.

03/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, March 29 (Reuters) Transwestern Pipeline Co. (TW), a unit of Enron
, said in a statement on Thursday it planned to install new compression at
four existing stations in Arizona to boost gas deliveries to energy-starved
California.
The company said it had filed an application with the Federal Energy
Regulatory Commission (FERC) to expand its system by 150 million cubic feet
per day (mmcfd) of incremental firm capacity.
TW's total capacity to the California border will increase to 1.24 billion
cubic feet per day (bcfd).
The $93 million project is expected to be in service by June 2002.
"This expansion is a start in meeting the increased demand in California and
represents additional capacity that can be brought on-line by next summer.
Transwestern also plans a more extensive expansion in the future," said Stan
Horton, chairman of Enron Transportation Services Company.

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

Enron Unit Files Application For $93M Expansion Project

03/29/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- Enron Corp.'s (ENE) Transwestern Pipeline Co. unit
filed an application with the Federal Energy Regulatory Commission for a $93
million expansion project, expected to be in service by June 2002.
In a press release Thursday, the company said it would install new
compression at four existing stations in Arizona to expand the system by 150
million cubic feet per day, or MMcf/d, of incremental firm capacity.
Transwestern Pipeline's total capacity to the California border will increase
to 1.24 billion cubic feet per day.
Transwestern Pipeline consists of about 2,500 miles of pipeline with 1.7
Bcf/d of peak capacity.
Shares of Enron closed at $55.31, down $2.79, or 4.8% on Nasdaq volume of 5.7
million shares. Average daily volume is 4.2 million shares.
Enron, which had 2000 revenue of $101 billion, markets electricity and
natural gas.
Company Web site http://www.enron.com
-Karen M. Chow; Dow Jones Newswires; 201-938-5400

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

El Paso's Calif Gas Play Was Smart,Not Crooked -Analysts
By John Edmiston

03/29/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

HOUSTON -(Dow Jones)- When El Paso Merchant Energy bought up most of the
capacity on a key natural gas pipeline to California, it was taking a
"gamble" on higher profits, not trying to corner a market, analysts said.
The auction in which El Paso Merchant Energy bought the capacity from fellow
El Paso Corp. (EPG) affiliate El Paso Natural Gas was legitimate, and supply
and demand factors proved the decision sound, they said.
"El Paso took a gamble on its pipeline capacity, and the fundamentals worked
out to support their trading position," said Kyle Cooper, an energy analyst
with Salomon Smith Barney in Houston.
California officials, struggling to cope with soaring power prices that have
been driven higher in part by spiking prices of natural gas, see things
differently. The El Paso pipeline is one of only two main links feeding
energy from the Southwest's natural gas storage pools into California, and
state officials contend the Houston-based energy company was trying to
manipulate the price of gas in the state when it bought up capacity in an
auction early last year.
Natural gas in southern California has traded much higher than gas in
northern California in recent months. At their highest, in December, the
price of gas in southern California spiked to $60 per million British thermal
units, six times the cost of gas at the other end of the pipeline in Texas.
Prices spiked again in February and March and remain much higher than the
price of gas in producing regions.
The U.S. Federal Energy Regulatory Commission Wednesday rejected a complaint
from the California Public Utilities Commission alleging that El Paso Natural
Gas skewed the bidding process for critical natural gas pipeline capacity
into California. But the commission ordered an administrative hearing to
address concerns that El Paso controls too much pipeline capacity and is
driving up prices at the California border.
The California Legislature was to examine the allegations in its own series
of hearings next week. On Monday, The New York Times weighed in, reporting
that sealed documents filed with FERC suggest El Paso sought to increase its
profits by manipulating natural gas price spreads between its supply basins
in Texas and New Mexico and the California energy markets.
Charlie Sanchez of Gelber & Associates in Houston said it's unlikely any
wrongdoing will be uncovered. "This market has become so complicated that
many don't know the objectively correct answer to the questions at hand,"
Sanchez said. "It's likely the forces at work will be deemed perfectly
legal."
El Paso spokesman Aaron Woods referred requests for comment to previous
denials of manipulation.

Charges Are Political - Analyst

California's charges against are politically motivated, said Ron Barone, an
analyst with of UBS/PaineWebber Inc. in New York.
"California needs more pipeline capacity, more power plants, less
finger-pointing and less resistance to rate hikes that would immediately
trigger a demand response," Barone said.
The state's gas-transportation shortfall wasn't always apparent. Before last
year, capacity into California was considered oversupplied, El Paso
executives say: Demand didn't cover available capacity, so the company
discounted its prices. California entities have failed to bid realistically
to renew capacity in auctions over the past three-and-a-half years, Barone
said, even when cost of that capacity was substantially below the rates
allowed by regulations.
For years the capacity on El Paso's line to California never made money,
Cooper said. As a result, there was little incentive for anyone to build new
pipelines.
Demand from power generators has pushed up the state's appetite for gas.
According to John Somerhalder, president of El Paso's Pipeline Group,
requests for gas capacity on pipeline expansions into California are running
more than 12 times what they were a year ago.
"El Paso had the foresight to take a calculated risk on the value of that
capacity and it worked in their favor," Cooper said. "If those fundamentals -
a normal winter and excess demand and lessened storage capacity across the
country - hadn't worked out, they'd have lost that 8 cents Dynegy was willing
to pay them."
El Paso Merchant Energy reported year 2000 earnings before interest and taxes
of $563 million, nearly a six-fold increase from adjusted earnings before
interest and taxes the year before.
El Paso has said that it couldn't take advantage of the price spikes
allegedly produced by market manipulation, because it began hedging its risk
in the middle of last year by selling its gas forward to third parties. By
the end of the year, it was nearly 90% hedged, Barone said.
"This hedging capacity is proof that once El Paso actually had capacity, it
didn't seek to exploit its position to the degree it could have," Barone
said.
El Paso has also denied restricting capacity to push up prices, saying that
it used "virtually all" of its available capacity to move gas to California.
Higher energy prices have weighed in on much of the nation this winter, and
experts expect gas futures prices will peak around $8 per million British
thermal units later this year.
Shares in El Paso closed Wednesday up $1.12 at $63.85, compared with a
52-week high of $75.30.
Enron Corp.'s (ENE) Transwestern Pipeline covers a similar route to
California markets. In that case, however, capacity was bought by a number of
companies with smaller positions.
-By John Edmiston, Dow Jones Newswires; 713-547-9209;
john.edmiston@dowjones.com

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

USA: Maytag farms out energy buying to TXU in 5-year deal.

03/29/2001
Reuters English News Service
(C) Reuters Limited 2001.

SAN FRANCISCO, March 29 (Reuters) - Maytag Corp. the No. 3 U.S. appliance
maker, said Thursday it signed a five-year energy management deal with a TXU
Corp. unit, following in the steps of a host of other companies trying to cut
energy costs and boost profits.
Under the agreement, subsidiary TXU Energy Services will buy or negotiate
contracts for natural gas, electricity, coal, fuel oil and propane and
provide consolidated billing and risk management for 14 Maytag manufacturing
facilities, TXU said in a statement.
The deal, whose financial terms were not made available, is expected to
provide Newton, Iowa-based Maytag with significant savings on energy
expenditures by increasing the energy efficiency and reliability of
manufacturing facilities, both companies said.
"By consolidating and analyzing multiple bills for facilities in 10 different
states and Mexico, we can identify problems and come up with individual
changes that will help lower Maytag's total utility costs," Ken Breeden,
president of TXU Energy Services commercial and industrial division, said in
the statement.
Dallas, Texas-based TXU serves more than 8,000 customers in 33 states and has
completed more than 3,500 energy management projects nationwide, including a
10-year multimillion dollar energy management agreement in February with
Aperian Inc. , an Internet service solutions provider.
Manufacturers nationwide have seen profit margins squeezed in the past
several months due to a host factors, including high energy costs, excess
capacity, a decline in exports due to the strength of the dollar and sagging
consumer confidence.
Another company that recently signed an energy management deals is drug maker
Eli Lilli and Co. , which signed a 15-year deal in February with Enron Energy
Services, a unit of Enron Corp. , to manage its supply of power and natural
gas.
Enron Energy Services has also signed deals with the North American arm of
British glassmaker Pilkington Plc ; Owens-Illinois , one of the world's
largest glass and plastics makers; and Quaker Oats Co. , a the maker of
cereal and sports beverages.
Enron Energy Services currently manages energy at more than 28,500 customer
sites.

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

EPA's Next Challenge: What to Do About Lead Emissions (Update1)
2001-03-29 16:28 (New York)

EPA's Next Challenge: What to Do About Lead Emissions (Update1)

     (Adds cost estimates for compliance in ninth paragraph.)

     Washington, March 29 (Bloomberg) -- A coalition representing
mining, coal, chemical and electrical companies has asked U.S.
Environmental Protection Agency Administrator Christie Whitman to
delay new rules aimed at reducing lead pollution.
     The rules, among dozens issued in the last days of President
Bill Clinton's administration, would require companies that use
more than 100 pounds of lead per year to publicly report any
emissions into the air, water and soil. The right-to-know rules
currently apply only to users of more than 10,000 pounds.
     Among the companies that may be affected by the rules are
Edison International, American Electric Power Co., Barrick Gold
Corp., Enron Corp., and FMC Corp.
     The lobbying effort on lead follows EPA 's decision last week
to block new regulations lowering the permissible level of arsenic
in water, President George W. Bush's decision to abandon the 1997
global warming treaty, and Bush's move to break a campaign promise
to regulate carbon dioxide emissions.
     Environmental groups have criticized those actions and say a
reversal of the lead rule would be another blow to public safety.
     ``We would react to this as a major assault on the public's
right to know,'' said Paul Orum, director of the Working Group on
Community Right-to-Know.
     Whitman has until April 17 to decide.

                          Lobbying Clout

     Seventy-three associations that represent oil refiners,
manufacturers, electrical power producers, mining companies,
battery makers, and lead smelters, said in a March 1 letter to
Whitman that implementation costs for the new lead rules would be
high for small companies and that there are no scientific studies
to prove they are necessary.
     EPA says the combined cost of compliance would be about $80
million the first year and $40 million per year thereafter.
     One of the groups, the IPC, which represents electronics
makers, said it has hired the law firm of King & Spalding to
prepare for a suit to block the new rules.
     The coalition can lay claim to some of Washington's biggest
lobbying operations. ``I don't think it's lost on anybody that
there are 73 associations concerned,'' said Jane Luxton of King &
Spalding.
     The group includes the National Association of Manufacturers,
which spent nearly $1.2 million on lobbying in the last six months
of 1999 alone, the last year for which statistics were available.
according to FECInfo, a group that tracks lobbying and campaign
donations.

                        Campaign Donations

     Members of the coalition gave hundreds of thousands to
Republicans during the 2000 elections.
     The Edison Electric Institute, for example, gave nearly
$194,000 through its political action committee and roughly
$505,000 in ``soft money,'' the unlimited and largely unregulated
cash that flows to political parties. More than half went to
Republicans.
     The Institute spent roughly $7.3 million on in-house and
contract lobbying in the last six months of 1999, hiring Baker &
Botts, the law firm of former Secretary of State James Baker and
other well-known Washington lobbying shops, according to FECInfo.
     The National Mining Association gave $159,00 through it's PAC
and more than $92,000 in soft money, with two thirds going to
Republicans. It spent about $690,000 on lobbying in the same
period.

                         Children at Risk

     A 1986 law gave the EPA authority to set reporting thresholds
for toxic chemicals that persist in the environment and in human
bodies. Lead persists in the environment, and is ingested through
water, and inhalation of paint fumes.
     Scientists have warned about exposure to lead for decades. A
study of 4,800 children conducted between 1988 and 1994 found that
even almost any lead can result in lower math and reading scores.
     ``There does not appear to be any safe level of lead in the
blood'' for children, said Bruce Lanphear, an associate professor
of pediatrics at Children's Hospital Medical Center in Cincinnati
who wrote the report, which will be published next month by the
U.S. Public Health Service.
     Much of the research has focused on ingestion of lead paint
by children, the most common form of exposure. About 40 percent of
U.S. homes have lead paint, said Richard Levinson, associate
executive director of the American Public Health Association,
citing government statistics.
     Lead exposure from industrial emissions is less common but
more potent, scientists said. Lead dispersed in the air is
absorbed more by the body than that contained in paint chips,
Lanphear said.

                           Never Leaves

     The body retains lead, mostly in the bones, releasing it into
the bloodstream as a person ages and gets bone diseases such as
osteoporosis.
     ``As you get older, the lead levels get higher,'' said Robert
Wright, a toxicologist and epidemiologist at Harvard Medical
School.
     Recent studies have suggested a link between lead and
hypertension, kidney problems and lower IQ scores among adults,
Wright added.
     Asked about such studies, Jeff Miller, executive director of
the Lead Industries Association, which represents 79 lead-making
producers across the country, said: ``People have to realize that
lead poisoning in the United States today is not a major health
problem,'' Miller said. ``The question really is, `Is it causing a
problem when it's in the bones?' ''
     As governor of New Jersey, Whitman was criticized by
environmental groups for removing more than 1,000 chemicals from
the state's right-to-know list.

--Alex Canizares, with reporting by Jeff Bliss and Glen Justice in
Washington at (202) 624-1820 or acanizares@bloomberg.net/mmw

March 28, 2001, 8:55PM
Houston Chronicle
Enron team trying to keep ahead of MS 150 pack
By JAYNE CUSTRED
It used to bother Amelia Alder to ride her bike with large groups of
cyclists.
In fact, after finally recovering from a critical injury she received while
riding in her first BP MS 150 in 1994, Alder had to have a private start,
away from all the masses of cyclists, the next two times she participated in
the Houston to Austin tour.
Alder's motto these days, however, is the more the merrier. And Alder spends
her time doing everything she can to make sure the group she's riding with is
the largest of them all.
Alder is the force behind the Enron team that participates each year in the
MS 150. For the past three years, Enron has fielded not only the largest team
in the Houston to Austin race, but also the largest team of any of the 130 MS
150 bike tours taking place across the country.
More importantly, Enron has also raised the most money of any team in any
race in the nation.
"Last year, Enron raised $525,000 for MS, which was the best in the country,"
Alder said. "We are really proud of that. We had 400 riders who really came
through. At Enron, we see the MS 150 as a bike tour for fund-raisers rather
than a bike trip for cyclists. And most of our cyclists respond to that."
So far this year, with just shy of a month left before the MS 150, Alder said
Enron already has 400 cyclists signed up to ride.
"That's where we topped out last year," she said. "So we're expecting to see
a lot more."
Alder started the Enron team in 1996 with 10 people, just two years after her
injury. It was during the 1994 race that Alder got hit from behind by another
cyclist. She toppled from her bike and slammed into the ground with such
force that she doesn't recall anything about the accident or immediately
following.
Alder had to have brain surgery and she almost didn't make it. During the
next year, she would be back in the hospital three or four times for
complications.
"I was back in the hospital during the 1995 tour, and I felt so bad that I
couldn't take part," she said. "So in 1996 I said, `I'm going to make it.'
And I was just inspired to build a team."
By 1997, the Enron team was up to 50 people and raised $50,000.
"That was when the corporation decided to get on board and support us
financially," Alder said. "That's when it really took off."
In 1998, Enron moved into the top position in the team race and has stayed
there ever since. With the large number of employees participating, Team
Enron has become quite a production for Alder to organize.
"Every rider gets a free team jersey and a free massage when we stop for the
night in La Grange," she said. "We travel with a team of 30 masseurs and one
doctor. We also have our own food and a large tent for our sleeping
accommodations. Even our CEO, Jeff Skilling, rides with us and sleeps in the
tent and hangs out with the team. He's the real champ of the team."
To be eligible to participate in the BP MS 150, an individual must raise $200
in sponsorships. But to be eligible to join the Enron team, a cyclist must
raise double that.
Alder said it takes approximately 50 volunteers to service the team during
the ride. For a 12-member core team, organizing the ride is a year-round
project.
"This year it will be really competitive," Alder said. "There's a couple
other corporations who are making a real push for that top spot. We hope we
stay ahead this year. We're hoping to stay in first place. But for the sake
of the MS Society, we hope the other corporations can do as well as Enron.
"This is such a sentimental journey for me every year. I love Enron and I'm
dedicated to the MS Society and this ride also represents a whole new era of
my life. It's just a great event."
Odds and ends -- The BP MS 150 Bike Giveaway is underway at area bike stores.
Interested parties can stop in at any of the 26 official bike shops in the
Houston and Austin areas and fill out an entry form. You don't have to be
participating in the MS 150 to enter.
At the close of business on April 9, each bike store will randomly draw one
winner from each store. Additional bikes are also being given away in
conjunction with promotional contests on FM and AM Clear Channel radio
stations in Houston.
Each winner will receive a gift certificate from the National Multiple
Sclerosis Society in the amount of $325, good toward the purchase of a
bicycle at an official BP MS 150 store. For information, call the MS Society
at (713) 526-8967. ...
Kudos to Gail Hurley for another great job running the Bluebonnet Express
Metric Century, which took place March 18 in the Hempstead area. Hurley is
retiring as race director after two years at the helm. This year's ride had
more than 1,900 cyclists and no major problems.


I have given my comments to Kristina Mordaunt. Jim Derrick

 -----Original Message-----
From: 	Collett, Crissy
Sent:	Friday, April 06, 2001 11:51 AM
To:	Bay, Frank; Melman, Gil; Mordaunt, Kristina; Cox, David; Derrick Jr., James; Smida, Ed; Hensel, Marc; McConnell, Mark; Solana, Mark; Robert C Williams/ENRON_DEVELOPMENT@ENRON
Cc:	Watkins, Rebecca; Jordan, Robin; Adams, Jennifer; Truss, Stephanie
Subject:	Conf Call Set - - - - PLEASE READ Copy of Viacom letter
Importance:	High

Rich would like to gather any feedback regarding this letter as soon as possible today.  To this end, plan to attend a 3:30pm conference call to discuss any revisions.  If you do not have any comments, please notify us as soon as possible.  If you know of others who should join the call, please forward them the dial-in information.  Thank you!

Friday, April 6th at 3:30PM CST
Dial-in 1-800-713-8600
Pass Code 870169

Crissy Collett
Enron Broadband Services
1400 Smith Street, EB4581A
Houston, Texas 77002

713.853.3366
713.306.8659 Mobile
----- Forwarded by Crissy Collett/Enron Communications on 04/06/01 11:45 AM -----

	Crissy Collett 04/06/01 11:07 AM 	   To: Frank Bay/Enron Communications@Enron Communications, Gil Melman/Enron Communications@Enron Communications, Kristina Mordaunt/Enron Communications@Enron Communications, David Cox/Enron Communications@Enron Communications, James Derrick/Corp/Enron, Ed Smida/Enron Communications@Enron Communications, Marc Hensel/Enron Communications@Enron Communications, Mark McConnell/Enron Communications@Enron Communications, Mark Solana/Enron Communications@Enron Communications, Robert C Williams/ENRON_DEVELOPMENT  cc: Rebecca Watkins/Enron Communications@Enron Communications, Robin Jordan/Enron Communications@Enron Communications, Jennifer Adams/Enron Communications@Enron Communications, Stephanie Truss/NA/Enron  Subject: PLEASE READ Copy of Viacom letter

The following letter will be sent to Mr. Michael Frickless, Executive Vice President of Viacom this afternoon.

 << File: Frickless ltr_Apr 6 2001.doc >>

Crissy Collett
Enron Broadband Services
1400 Smith Street, EB4581A
Houston, Texas 77002

713.853.3366
713.306.8659 Mobile


Carolyn:

If you'd planned on making a chart similar to the one that you did
previously, the symbols are STISPBEVA for the S&P 500 beverage index and ?STISPFOOD for the S&P 500 food index.

Best,
Jeff

	"Guinney, Mark" <Mark_Guinney@watsonwyatt.com>
	04/23/2001 12:17 PM

		 To: "\"Jeff.Dasovich@enron.com\" " <Jeff.Dasovich@enron.com>, "\"Vavrek;
Carolyn (US - San Francisco)\" " <cvavrek@deloitte.com>
		 cc: "\"asama@yahoo.com\" " <asama@yahoo.com>, "\"Jeff_Dasovich@enron.com\" "
<Jeff_Dasovich@enron.com>
		 Subject: Indexdata

As promised, I've attached a spreadsheet that offers monthly industry
returns
(incl. dividends) for the beverage and food industries.  There is no
consolidated food & beverage sector.

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

 - Index returns.xls


This is your missing deal for Jeff Richter:

480392
Buy Pac
12/17/00-12/18/00
50 MW
NP-15
Broker: APB

Thanks,
Kate


=DJ WRAP: Fatal Explosion Rocks Enron Teesside Facility
2001-08-08 14:32 (New York)

  By Geoffrey T. Smith
  OF DOW JONES NEWSWIRES
  LONDON (Dow Jones)--Two people died and another two were seriously injured by
a massive explosion and ensuing fire at Enron Corp's Teesside power station
Wednesday.
  The accident is one of the worst in the U.K.'s electricity sector in recent
memory and the first fatal one in generation for over two years. It will keep
the 1,875 megawatt power station, the world's largest combined-cycle gas
turbine facility, out of action until the U.K.'s Health and Safety Executive
has completed an investigation into the incident.
  "Enron will have to put forward a safety case for us to approve before they
will be able to restart the plant," a spokesman for the Health and Safety
Executive told Dow Jones Newswires. He added that the investigation has begun
but that it is too early to say how long it will last.
  A spokesman for the Cleveland Fire Brigade was unable to confirm television
reports that the explosion which caused the fire, had been traced to
transformers at the plant, which are usually oil-filled. However, he said that
the transformers were "possibly" the source of the explosion.
  The Fire Brigade spokesman confirmed that there were no off-site effects and
that there is no risk of further explosions.
  The Teesside power project is located next to one of the U.K.'s busiest gas
import terminals, which takes up to 10% of gas coming ashore into the U.K..
However, a spokesman for U.K. pipeline operator Transco said that flows through
the terminal had been unaffected.
  "Gas is flowing normally through the terminal," the spokesman confirmed.
  The loss of life adds a tragic dimension to a project which has been a source
both of pride and consternation to Enron in the past. The project is a flagship
combined heat and power facility that achieves extremely high levels of energy
efficiency by feeding power and heat into an adjacent industrial park.
  However, Enron has already in the past had other problems relating to gas
supplies for the plant. In January, the House Of Lords, the U.K.'s highest
legal instance, told Enron to pay $144 million back to the five oil and gas
companies that own and operate the Central Area Transmission System, or CATS, a
pipeline which feeds gas into the north-east of England from a number of North
Sea fields.
  The payment related to witheld payments for gas deliveries that Enron had
contracted to take, largely for use at Teesside.
  Curiously, the accident had little direct effect on either spot or forward
prices in the U.K. power or gas markets, due in part to the fact that low
seasonal demand levels mean that there is plenty of spare capacity to meet the
shortfall in supply.
  Enron said in a statement late Wednesday that "the sympathy and thoughts of
all Enron employees are with the friends and families of the victims."
  An Enron spokesman was due to make a fuller statement in Stockton-on-Tees in
northern England at 1745 GMT. No one else at Enron was immediately able to give
more details regarding the extent of damage to the plant.
  -By Geoffrey T. Smith, Dow Jones Newswires; (+44 20) 7842 9260;
  -geoffrey.smith@dowjones.com
  Additional reporting by Sarah Spikes and Germana Canzi in London

Two Killed, Two Hurt in Blast at Enron U.K Plant (Update2)
2001-08-08 14:12 (New York)

Two Killed, Two Hurt in Blast at Enron U.K Plant (Update2)

     (Adds no effect expected on U.K. power supply in third
paragraph.)

     London, Aug. 8 (Bloomberg) -- Enron Corp. said two workers
died and two others were seriously injured in an explosion and
fire at a power station it operates and partly owns in northeast
England.
     The 1,875-megawatt plant was shut down after the explosion,
and Enron operators couldn't say when generation might resume,
spokeswoman Julie Green said in London. In the U.S., 1,875
megawatts can light almost 1.9 million homes.
     The accident will have ``absolutely no effect'' on U.K. power
supplies, said John Wilkinson, a spokesman for Innogy Plc, which
buys power from the plant in Teesside, 300 miles north of London.
     ``There's quite a bit of overcapacity in the U.K., and there
is not a great demand for power in summer,'' Wilkinson said.
     Two men suffered burns in the blast at the gas-fired plant,
police spokeswoman Michelle Robson said. She didn't give the cause
of the explosion or identify the casualties.
     The plant supplies power to petrochemical businesses on the
Wilton industrial site. Health and safety inspectors joined
police, fire and ambulance workers at the scene, Robson said.
     ``There are no dangers of any further explosions,'' Robson
said.
     The explosion was reported earlier today by Sky News.
     Enron shares fell 78 cents to $42.82 in midafternoon trading.


Give Us Your Feeback and
	You Could Win Cool Cash

At Enron Federal Credit Union, we are continually looking for ways to
improve, and bring you the products and services that help simplify your
life, like on-line banking and e-Statements.  To ensure we continue to offer
you the newest and most innovative financial products on the market, please
take 2 minutes to answer this short survey found at the following address:

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When we have received your completed survey, your name will be automatically
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you are not a member.  Deadline for entries is Wednesday, July 26, 2000.
Your responses will be sent in confidence directly to me.  We appreciate your
time and your opinions.

Jack McAdoo
President and CEO
Enron Federal Credit Union


Knowledge@Wharton Newsletterhttp://knowledge.wharton.upenn.edu
October 24-November 6, 2001
What's  Hot
How Swissair Landed in  Trouble
The problems of Swissair clearly multiplied after the  September 11 terrorist attack and subsequent plunge in ticket sales. But  industry experts say the company's woes run deeper, involving management  missteps that could occur at any corporation as well as troubles rooted in the  economics, politics and culture of Europe.http://knowledge.wharton.upenn.edu/whatshot.cfm
Finance and Investment
A New Approach to Valuing Biotech Stocks
Now  that the U.S. faces a bioterrorist attack in the shape of anthrax, stocks of  biotechnology companies are soaring. But while these companies have promising  technologies, they are years away from profits. The boomlet shows, however, how  hard it is to value biotech stocks. Analysts often use proxy drivers such as the  number of patents or the dollar value of partnerships to value such companies,  but these drivers fail to show if the companies will be able to turn their  research into marketable products. Research by Karl Ulrich, a Wharton professor  of operations and information management, and other colleagues offers insights  into a new approach to value biotech companies. Hint: Look at how the company's  drug discovery process is organized.http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=454
Finance and Investment
James J. Cramer Finds Truth and Inspiration in the Shopping Habits  of Americans
When James J. Cramer, co-founder of Smart Money  and TheStreet.com and analyst on CNBC, wants to know where the U.S. economy is  headed, he looks at the performance of major retailers. That, and his  observations on everything from gasoline to telecom to Winston Churchill, formed  the basis for an optimistic economic outlook he recently shared with  participants at the Wharton Investment Management Conference.http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=456
Finance and Investment
Should Hong Kong Worry When China Joins the  WTO?
As Frederick Lau sees it, what's good for China is good  for Hong Kong. Lau, chief representative of the Hong Kong Monetary Authority's  New York office, talked about China's entry into the World Trade Organization -  and other events that will have an impact on Hong Kong's future - during a  meeting earlier this month with the Wharton Asia Club.http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=449
Managing Technology
Behind the Telecom Meltdown: Too Much Money, Too Little  Foresight
While investors in the late 1990s remained  oblivious to signs of trouble, it is clear in hindsight that the  telecommunications bubble could not possibly have lasted, according to a panel  of telecom experts at the October 12 Wharton Finance Conference. They cite a  number of reasons for the unraveling of the industry, and point to Europe and  Asia as the real leaders in telecom.http://knowledge.wharton.upenn.edu/articles.cfm?catid=14&articleid=451
Finance and Investment
Citigroup CFO Sees Economic Recovery in  Mid-2002
"It is going to be a very, very tough next couple of  quarters," is how Todd S. Thomas, CFO of Citigroup, described the near-term  economic outlook to an audience at the Wharton Finance Conference on Oct. 12.  But longer-term, Thomson was more optimistic, predicting that increased  government spending and/or tax cuts would stimulate a recovery. He also  suggested that the financial markets must learn to adapt to the reality of  "continued minor terrorism."http://knowledge.wharton.upenn.edu/articles.cfm?catid=1&articleid=450
Managing Technology
An Insider's Scathing Look at E-commerce  Excesses
As a manager in an Old Economy firm, Brian Ross  naturally felt defensive when proselytizers of the New Economy preached that the  Internet "had changed everything" and folks (like him) who "just didn't get it"  would soon be by-passed by competitors who did. Well, Ross has done more than  survive; he has written a book entitled, When the Caffeine Wears Off: De-Hyping  the New Economy, in which he cheerfully kicks 'em while they're  down.http://knowledge.wharton.upenn.edu/articles.cfm?catid=14&articleid=452
-------------------------------------------------------------------------------
Links  from Knowledge@Wharton Sponsors
GE Capital:
Sales-Leasebacks: Benefits and Challenges
Today  CFOs must negotiate their way through a weakened economy. But even as they  search for new ways to generate revenue and conserve capital, CFOs from a  variety of industries are discovering the value of one strategy --  sale-leasebacks -- that for many years was primarily focused on real estate  transactions. Sale-leasebacks are generally structured to unlock the equity a  business has in its assets (like machinery and equipment), converting that  equity into cash.http://www.gecfo.com/resources/wharton.html?c=Wharton&n=September&t=email
GE Capital:
Maximizing Your Trucking Fleet in Tough  Times
Tough times have hit the trucking industry as shippers  evaluate the best way to move goods around the country: Lease or buy? For-hire  truckers or private fleet? The queries arise as a glut of used trucks comes on  the market and some shippers evaluate how long they can stretch existing leases.  Learn how to maximize your trucking fleet in tough times from the experts at  Wharton and GE Capital.http://www.getrucking.com/resources/wharton.html?c=Wharton&n=Sept&t=email
-------------------------------------------------------------------------------
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HOLIDAY SAFETY REMINDER

The holiday season can mean an increased risk of fires and a higher potential
for criminal activity due to people taking advantage of convenient downtown
shopping and because of the increased number of special events and office
parties.  We would like to pass along a few safety and security tips from the
City of Houston Fire Department and the Houston Police Department.

? Please do not prop open stairwell doors or doors to the freight elevators.
This defeats security.

? Use only artificial trees and greenery in decorating your office space. Do
not place cut trees or greenery within the building. Cut trees become major
fire hazards when they dry out.

? Office parties or the holiday mood may distract you.  Be alert for thieves
who try to take advantage of the holiday season. Sometimes just having fewer
people at work during the holidays creates an opening for thieves. If you see
someone that does not appear to belong in your work area, immediately call
the Enron Security Console at 713-853-5360.

? Keep your purse or wallet with you at all times or locked away in a drawer
or closet.

? If you go shopping, invite a friend to go along. Try not to overload
yourself with packages.  When you return, lock your gifts away in a safe
place.

? Always be aware of your surroundings while in a public area. If things don,
t look right, follow your instincts and avoid going into the area.

? When waiting for a ride home after hours, remain inside the building near a
card-reader door until you see your ride arrive.

? If office parties are on company premises and involve alcoholic beverages
or public invitees, call security at 713-853-5360.  Security will advise you
as to company guidelines.


----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 02:26 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	05/23/2001 02:25 PM

		 To: Rosalee Fleming/Enron@EnronXGate, Steve Kean, Maureen
McVicker/NA/Enron@Enron
		 cc:
		 Subject: Summary of Core/Noncore Analysis

Rosalee:  Could you please print out the following two documents for Mr.
Lay?  One is an excel sheet showing the summary of the results of our
analysis of the core/noncore market structure that Mr. Lay has been
discussing with leaders in California.  The other is a word document
explaining the summary table's contents.  If you have any questions, just let
me know.  Maureen, can you print out for Steve, too?  Thanks very much for
your help.

Best,
Jeff


Hi Kam,

As per our phone conversation, I have attached a listing of all the products which are being migrated to EOL NetCo. If Risk could fill in the traders which will be managing each product and the Global Book ID, we will use that data as the basis for an update script to automatically assign the new books to each product.

I'll be in the office early tomorrow if you have any questions, or would like to go over any special book assignments that may need to be covered outside of a mass-update.

Thanks,

Torrey Moorer
EnronOnline Product Control Group
(713) 853-6218


Dale,

Thanks for the email.  I would be happy to pay the 50.00 fee one last time, however, given that this account will not be touched and no changes in the accounts holdings are allowed under Canadian tax law given my status, we need to find a way to either avoid this fee in the future or transfer the holdings to somewhere else.  I would much appreciate your recommendation on how to proceed as well as an address as to where I should send the money for the outstanding balance.

Regards,

Jon

 -----Original Message-----
From: 	"Onrait, Dale" <dale.onrait@rbcinvestments.com>@ENRON
Sent:	Thursday, November 22, 2001 11:25 AM
To:	Mckay, Jonathan
Subject:

Hi Jonathan,
A couple of questions for you:
1) Have you proceeded with opening an account at Dane Rauscher yet?
2) Your RSP account has a small debit of $50.00, probably due to RSP holding fees charged to the account for 2001.  We either need a cheque from you for the $50.00 or we need to sell $50.00 worth of something to generate the $50.00 in the account.
Just drop me a note or call regarding how you would like to proceed.  Thanks.

Dale Onrait, BSP MBA
RBC Investments-Kelowna
1-800-756-2211 or (250) 712-2191


Testing Notes capabilities of your Enron home computer.


I believe this message was intended for Susan M Scott of ENA; I'm with ETS
Legal.

	From:  Russell Dyk                           12/08/2000 09:36 AM

To: Sheetal Patel/HOU/ECT@ECT, Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Super Saturday Dinner

Apparently they now have more people than they know what to do with, so none
of us are needed. Thanks anyway, Susan, for offering to fill in and, Sheetal,
for extraordinary networking.


A;0042066;PPRSDNTN  ;014;008;N;Danny McCarty;Danny McCarty - (Approved);

;@@@@@@@@@


----- Forwarded by Steven J Kean/NA/Enron on 11/16/2000 06:20 PM -----

	"Lynn Coldwater" <lcoldwater-slx@xcert.com>
	11/16/2000 01:02 PM

		 To: <skean@enron.com>
		 cc:
		 Subject: Xcert secures your data in real time

Dear Steven,

In the Internet/Intranet security world time is everything.  Some security
vendors are using Certificate Revocation Lists (CRL) to revoke user
privileges.  This can be very dangerous to your data!

We would like to show you how Xcert enables its customers to immediately
revoke all network privileges from former employees, customers and business
partners while protecting their company data and assets.  We are the only
digital certificate company that provides this real-time revocation
capability because our products were built on the Internet to work on the
Internet.

Please call 800-721-9191 or send us an email so that we can arrange for you
to talk to one of our
Account Representatives who can show you how Xcert protects your data in
real-time.

Thanks,

Xcert Inside Sales
info@xcert.com


Start Date: 1/21/02; DayAhead market;  DayAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012116.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
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Alias: dbCaps97Data
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Alias: dbCaps97Data
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!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
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!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
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Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


<<December 17, 2001 Notification.doc>>

Thank you,

Bobbi J. Kilburn
Treasury & Risk Administrator
Vermont Yankee Nuclear Power Corp.
(802) 258-4120
(802) 258-2101
Bobbi.Kilburn@vynpc.com

 - December 17, 2001 Notification.doc


John,

Thanks.

Vince

Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361

Phone: (713) 853 3848
 (713) 410 5396 (cell)
Fax  :  (713) 646 2503
E-mail: vkamins@enron.com

<jhh1@email.msn.com> on 03/26/2001 12:55:16 AM
To: "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:
Subject: REprint of my article-The Gas-Fired Future: Boom or Bust?

My article "The Gas-Fired Future: Boom or Bust?
Last year brought prices not seen for decades. So consumers will buy less
gas, just as before, and send forecasts out the window." was just published
in April 1, 2001 issue of Public Utilities Fortnightly.

If you would like to receive a reprint when I receive them send me your
address.

Best regards,

JHHerbert


Bob -

Attached are the revisions that should be proposed by Enron for the BETA and
Fee Agreement.

Please review and let me know your thoughts.

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


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/02/2000
09:06 AM ---------------------------
Sandra R McNichols   08/02/2000 08:54 AM

To: Juanita Marchand/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Cheryl
Dudley/HOU/ECT@ECT, Lisa Berg Carver/HOU/ECT@ECT, Angela Barnett/HOU/ECT@ECT,
Cathy L Harris/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Charlene
Richmond/HOU/ECT@ECT, Julissa Marron/Corp/Enron@ENRON, Pamela
Mitchell/HOU/ECT@ECT, Kathleen Speer/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT,
Regina Blackshear/Corp/Enron@ENRON, Willie Harrell/HOU/ECT@ECT
cc:
Subject: Grace that is Sufficient

 Subject: Empty Bird Cage

 There once was a man named George Thomas, a pastor in a small New
 England town. One Easter Sunday morning he came to Church carrying a
 rusty,bent,old bird cage and set it by the pulpit.  Several eyebrows were
 raised and, as if in response, Pastor Thomas began to speak...
 "I was walking through town yesterday when I saw a young boy
 coming  toward me swinging this birdcage. On the bottom of the cage were
three
 little wild birds, shivering with cold and fright. I stopped the lad and
 asked, 'What you got there, son?'"
 "Just some old birds", came the reply.
 "What are you gonna do with them?" I asked.
 "Take 'em home and have fun with 'em," he answered. "I'm gonna
 tease 'em and pull out their feathers to make 'em fight. I'm gonna have a
 real good time." "But you'll get tired of those birds sooner or later. What
 will you do?"
 "Oh, I got some cats," said the boy -- "They like birds. I'll
  take'em to them."
  The Pastor was silent for a moment. "How much do you want
  for the birds, son?"
  "Huh??!!!   Why, you don't want them birds, mister. They're just
  plain old field birds. They don't sing -- they ain't even pretty!"
 "How much?" the pastor asked again.
  The boy sized up the pastor as if he were crazy and said, "$10,"
  The pastor reached in his pocket and took out a ten-dollar bill.
  He placed it in the boys hand. In a flash, the boy was gone.
  The pastor picked up the cage and gently carried it to the end of
  the alley where there was a tree and a grassy spot. Setting the cage
  down, he opened the door, and by softly tapping the bars he persuaded
birds                       out, setting them free.

 Well, that explained the empty birdcage on the pulpit, and then
 the pastor began to tell this story....
 One day Satan and Jesus were having a conversation. Satan had just
 come from the Garden of Eden, and he was gloating and boasting.
 "Yes sir, I just caught the world full of people down there.  Set
 me a trap, used bait I knew they couldn't resist. Got 'em all!!"
 "What are you going to do with them?" Jesus asked.

 Satan replied, "Oh, I'm gonna have fun. I'm gonna teach them how
 to marry and divorce each other, how to hate and abuse each other, how to
 drink and smoke and curse. I'm gonna teach them how to invent guns and bombs
 and kill each other. I'm really gonna have fun!!"
 And what will you do when you get done with them?" Jesus asked.
 "Oh I'll kill 'em," Satan glared proudly.
 "How much do you want for them?" Jesus asked.
 Oh, you don't want those people. They ain't no good. Why, you'll
 take them and they'll just hate you. They'll spit on you, curse you and kill
 you!!
 You don't want those people".
 "How much??" Jesus asked again.
 Satan looked at Jesus and sneered, "All your tears, and all your
 blood."
 Jesus said, 'DONE." Then he paid the price.
 The pastor picked up the cage, opened the door and walked from the
 pulpit.


Holly:  Please see Christian's message below.  Can you reschedule please?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 06/05/2001 11:17 AM -----

	Christian Yoder/ENRON@enronXgate
	06/05/2001 11:07 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: Schedule meeting with Mark Taylor for Thursday, June 7

3:30 Thursday, Central Time happens to fall exactly to the minute on a time
when I have to be on the phone with Mark Haedicke and Elizabeth Sager.  I
cannot move that time.  Can we go earlier or move it to Friday?  I am trying
to get the cases to you as soon as I can. ----cgy

 -----Original Message-----
From:  Shackleton, Sara
Sent: Tuesday, June 05, 2001 7:07 AM
To: Yoder, Christian
Subject: Re: Schedule meeting with Mark Taylor for Thursday, June 7

Christian:  Please mark this time on your calendar to speak with Mark T.:
3:30 Houston/1:30 Portland.  We'll call you.

Will Pat Boylston send over 1 or 2 cases for us to review prior to the call?

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 06/05/2001 09:00 AM -----

	Holly Keiser@ENRON_DEVELOPMENT 06/05/2001 08:36 AM 	  To: Sara
Shackleton/HOU/ECT@ECT  cc:   Subject: Re: Schedule meeting with Mark Taylor
for Thursday, June 7 << OLE Object: StdOleLink >>

Sorry... you mentioned that in the subject line.

3:30 pm on Thursday.

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com

	Sara Shackleton@ECT 06/05/2001 08:19 AM 	  To: Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT  cc:   Subject: Re: Schedule
meeting with Mark Taylor for Thursday, June 7 << OLE Object: StdOleLink >>

I'd like to meet Thursday, June 7

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Holly Keiser@ENRON_DEVELOPMENT 06/05/2001 07:34 AM 	  To: Sara
Shackleton/HOU/ECT@ECT  cc:   Subject: Re: Schedule meeting with Mark Taylor
for Thursday, June 7 << OLE Object: StdOleLink >>

Sara -- I've scheduled 3:00 PM following today's Legal/Credit meeting.  If
you prefer later, please let me know.

Thanks!
Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com

	Sara Shackleton@ECT 06/04/2001 06:12 PM 	   To: Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT  cc:   Subject: Schedule meeting
with Mark Taylor for Thursday, June 7

Does Mark have time in the afternoon to meet with me and Christian Yoder
(Portland - 2 hours earlier than CST)?  The topic is "Washington State
PUD's".  I'd schedule about an hour.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Ike, sorry for the delay, it took us longer to deal with certain issues than
expected.  I have faxed you a proposal.

Lets discuss at your earliest convenience.

Regards
Dave Delainey


Please add Carey Metz to our bidweek index survey spreadsheet.  Thanks.

Mike


Thanks you so much - for the information - i will be sure to share it with him.. He didnt come to work this week, he called in Tuesday abd resigned.........I have tried to reach him by cell but he  hasnt returned my call.   And NO!  Uncle Harry is not calling, writing, or more importantly using the POSTAL SERVICE!

 -----Original Message-----
From: 	"susan schnitzer" <s.schnitzer@worldnet.att.net>@ENRON [mailto:IMCEANOTES-+22susan+20schnitzer+22+20+3Cs+2Eschnitzer+40worldnet+2Eatt+2Enet+3E+40ENRON@ENRON.com]
Sent:	Friday, October 05, 2001 9:24 AM
To:	sandra brawner
Subject:

good morning!

i have some info for you.  my therapist  reccomended dr. lauren marangell at the baylor mood disorder clinic.  when  she told me about her, the name sounded familiar, and she was the same women  reccomended by collegues of jon's cousin who was studying at UCLA.  she is  supposed to be great for the person with the problem, as well as family.   she is a national leader in psychopharmacology - medication.  her number is  713.798.6663.  jana rosenbaum is who i talk to, and her number is  713.798.4856.

any news from harry?


Let me know if you need anything else.  Susan is out today, so Shona and I will try to address any requests you might have today.  Susan will be back tomorrow.

Chris Abel
Manager, Risk Controls
Global Risk Operations
chris.abel@enron.com <mailto:chris.abel@enron.com>
713.853.3102


Please see below.


Done.
Does it look good other than that (i.e. are your ready for executables?)

Eric Gillaspie
713-345-7667
Enron Building 3886

	Paul T Lucci@ENRON
	Sent by: Paul T Lucci@ENRON
	11/14/2000 11:40 AM

		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc:
		 Subject: Re: Confidentiality Agreement

Could you please change the reference to the ENA Global contract #33206000,
this is a Colorado Interstate pipeline contract # not an ENA contract #.  If
you have any questions please call me at (303) 575-6474.

Thanks
Paul


Justy,

We are going to be trading with Deutsche Bank out of their New York and
London branch offices online.  Per my conv. w/the online team, we going to
have to have them come in thru both Houston and London as a counterparty (we
haven't solved multibranch customers online).  With Edmund out, I need
someone to email me your Electronic Trading Agreement and Password
Application so we can send them to the lawyer we are negotiating the ISDA
Master with.  Can you have someone there send me the docs.

Much thanks...


Paul,

When can we expect a draft of the ABB facility agreement? It is getting
urgent.

Thanks,

Kay


Enron Executives Sent Requests for Details of Affiliate Profits
2001-10-26 15:36 (New York)

Enron Executives Sent Requests for Details of Affiliate Profits

     Houston, Oct. 26 (Bloomberg) -- Lawyers for a shareholder
suing Enron Corp. are asking executives of the largest energy
trader to disclose any income they made from their involvement
with affiliated companies that bought and sold Enron assets.

     Lawyers have made the requests to President Greg Whalley,
Vice Chairman Mark Frevert and Chief Financial Officer Jeff
McMahon and 83 other employees arrived at Enron's Houston offices
this week, said Paul Paradis, a partner in the New York law firm
Abbey Gardy. Requests also were sent to 17 Enron partnerships such
as Whitewing Management and Marlin Water.

     Paradis represents Fred Greenberg, an Enron shareholder who
is suing the company's board for allowing former Chief Financial
Officer Andrew Fastow to run partnerships that cost the company at
least $35 million in cash and $1.2 billion in lost shareholder
equity.

     The requests are aimed at determining if Enron executives
benefited financially from roles as officers and directors of
partnerships that bought and sold company assets. Enron formed at
least 18 such affiliated companies, listing executives and
employees as officers and directors of the partnerships, according
to Texas secretary of state records.

     Under Texas law, failure to respond to the document requests
will result in subpoenas being issued. Subpoenas could go out next
week if responses don't arrive by then, Paradis said. Enron
spokeswoman Karen Denne didn't respond to requests for comment
about the document requests.

     The executives earned no income from the partnerships, Enron
spokesman Mark Palmer has said. ``There are no financial interests
in the structures themselves for any Enron employee,'' Palmer
said. He said it's common for a company to name its executives to
the boards of affiliates.

                       Affiliates Have Debts

     Texas records show Chief Executive Officer Kenneth Lay,
Frevert, Whalley, McMahon and dozens of other people who list
their address as Enron's corporate headquarters serving as
officers and directors of limited liability companies and foreign
business corporations.

     The document requests ask Enron executives for information on
any form of compensation or benefit received from any of the
affiliates, including stock grants and options. They also ask the
executives to disclose any equity or partnership interests in the
affiliates.

     Enron formed many of the affiliates to buy company assets
such as power plants and natural-gas pipelines. That allowed Enron
to move debt associated with those projects off its books.

     The affiliates bought the assets with borrowed money. They
plan to repay the debt by eventually selling the assets. Enron
might be liable for any shortfall between the sales proceeds and
the debt. That could amount to at least $3.3 billion if the assets
don't generate any money, a remote possibility, the company has
said.

                            Few Answers

     Investors and analysts pressed Enron Chief Executive Officer
Kenneth Lay for details on the finances of the partnerships in a
conference call Tuesday.

     Today, Enron spokeswoman Karen Denne didn't respond to
questions about one of them, ES Power 3 LLC.
     Texas records list 78 Enron executives and employees as
officers, directors and managers of ES Power 3 LLC. The entire
Enron board is also listed.

     Shares of Enron $1.15 to $15.20 in late trading.

--Russell Hubbard in the Princeton newsroom at 609-750-4651, or at


Please be advised that I will begin sending you California/National Power
related messages twice a day (one during the mid-day and again in the late
afternoon), in order to avoid a sporatic flow of emails.

Below are the articles for this afternoon.


Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 10:49 AM
To: Rorschach, Reagan; Kroll, Heather; Fairley, David; Miller, Jeffrey;
Coulter, Kayne
Cc: Dickson, Stacy; Hodge, Jeffrey; Perlingiere, Debra
Subject: Clarksdale gas

Attached is the master gas agreement, ready for  Clarksdale's review.

We haven't had any feedback from Yazoo City.  When can we expect their
feedback?

Thanks,

Kay


Ron and I reviewed the credit aspects of the EEI document that you sent. Our
redlined changes are attached.  If you have no objections to these changes,
we will then forward the document for counsel review.
1. We changed the party to notify in the event of default to our General
Counsel.
2. Under Article 5, we changed the Cross Default Amount ratings thresholds
from "below BBB+" to "below A-" to remedy the gap that otherwise would exist
from A- or higher and below BBB+.
3. Under Section 5.6. we added language to exclude our Joint Powers Agencies
from setoff provisions. Currently, they do not make sales to outside parties
since SMUD takes all their output. Since they are separate entities with
their own bond indentures, we believe it best not to include them as if they
were corporate affiliates.
4. On page 6, "Transfer Date" the time allotted is two days after receipt
from posting party. As we are currently organized and staffed, we would find
that timeline difficult to meet especially if we were providing a LOC. We
would prefer to have the time extended to 10 days.
 <<SMUD Redline EEI (5.9.01).doc>>

 - SMUD Redline EEI (5.9.01).doc


Start Date: 10/13/01; HourAhead hour: 9;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101309.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_RED
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:  75.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_YELLOW2
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:  74.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/13/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_YELLOW2
  ENGY_TYPE: WHEEL


-----Original Message-----
From: 	Hardy, Trey
Sent:	Thursday, January 03, 2002 10:24 AM
To:	Gaskill, Chris; Will, Lloyd
Subject:	Updated Netco fundamentals Plan

Please use the above file and disregard the previous e-mail.

Thanks

Trey Hardy


For the time being, we should terminate and/or not renew. Thanks.

-----Original Message-----
From: Fromer, Howard
Sent: Wednesday, November 21, 2001 3:07 PM
To: Shapiro, Richard
Subject: RE: Government Affairs Retainer Agreements

Rick: Do you want Enron to withdraw from organizations and coalitions as well? In NY I'm thinking specifically about IPPNY, where I sit on the Board and our annual dues for next year will be under $10,000 (down from $28,000); and our retail coalition, NESPA, where we share in the costs of outside legal services with 4 other companies (one of which is New Power) which run about $5,000 per month.
Thanks. Howard

-----Original Message-----
From: Dernehl, Ginger on behalf of Shapiro, Richard
Sent: Wed 11/21/2001 8:58 AM
To: Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray; Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Bestard, Jose; Binns, Darran; Bolton, Scott; Boston, Roy; Buerger, Rubena; Burns, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney, Carolyn; Dasovich, Jeff; Decker, Larry; Dernehl, Ginger; Dressler, Jean; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna; Gottfredson, Bryan; Guerrero, Janel; Hamilton, Allison; Hardy Jr, John; Hartfield, Rita; Hawkins, Bernadette; Hemstock, Robert; Hetrick, Nancy; Hoatson, Tom; Hueter, Barbara A.; Hunter, Bevin; Huson, Maggy; Ibrahim, Amr; Kaufman, Paul; Kean, Steven J.; Keene, Patrick; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawrence, Linda L.; Leibman, Lara; Leonardo, Samuel; Levy, Alberto; Lindberg, Susan; Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker, Maureen; Migden, Janine; Miller, Terri; Montovano, Steve; Moore, Bill; Nersesian, Carin; Neustaedter, Robert; Nicolay, Christi L.; Nord, Sue; Noske, Linda J.; Novosel, Sarah; O'connell, Earlene; Ogenyi, Gloria; Palmer, Germain; Perez, Carmen; Perez, Gus; Perrino, Dave; Petrochko, Mona L.; Pharms, Melinda; Reyna, Margo; Rishe, Frank; Rizzo, Helen; Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jean; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup, Kerry; Stubbings, Randy; Sullivan, Kathleen; Sullivan, Lora; Thome, Jennifer; Tiberi, Fino; Twiggs, Thane; Walton, Steve; Warner, Geriann; Yeung, Charles; Yoho, Lisa
Cc:
Subject: Government Affairs Retainer Agreements

Please send out Notices of Termination by November 30, 2001 for all retainer (fixed payments) agreements (lobbying, legal, consulting, etc...)  We need to end all payments as of December 31, 2001.  Thank you very much.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160


louise,
no hi how are you doing?  no how is it going up there in portland?  you just come in and go right for the west desk's eol jugular.

as everyone knows, the west power desk has a spotty record, at best, on maintaining eol volumes.  there are some good reasons for this and some lame, tired excuses which i'm sure we will discuss in great detail in the near future.

i currently don't get the ice reports and will make sure i am on the distribution.  from what our traders tell me and what the report that you sent indicates, ice is having an even harder time in the west than we are.  it looked like there were two one-month deals on ice that day totalling 20,000 MWh.  in contrast, we had 87 transactions totalling 269,000 mwh.  if i'm reading it right, the ice report actually makes us look good by comparison!

tim

	Enron Capital & Trade Resources Corp.  From:  Kevin M Presto                           02/23/2001 12:18 PM

To:	Louise Kitchen/HOU/ECT@ECT
cc:	Tim Belden/HOU/ECT@ECT, John J Lavorato/Enron@EnronXGate
Subject:	Re: As expected!

We look at ICE volume reports every day and they are doing about 10-20% of the volumes (and # transactions) we are doing on EOL.   We are doing 300-350 transactions per day in East Power and ICE does approx. 45-50 transactions per day.

<Embedded StdOleLink>


when you have Mac or Max on the phone, make sure that we are receiving a response to the DDP and Export House questions.  Or a date when this will be produced.  Isn't there an obligation on there part to have a response within a certain number of days once they have the question(s) in hand?  Secondly, I would not think he could keep us from the customs broker since the activity performed serves as proof that the DDP requirements were met (which is a contractual obligation).

Thanks, Ron.

 -----Original Message-----
From: 	Davis, Britt
Sent:	Wednesday, December 19, 2001 3:11 PM
To:	Tapscott, Ron; Edison, Andrew
Cc:	Zikes, Becky; Mann, Kay
Subject:	RE: EEPC v. SWPC/In re Industrial Bridge

     I just got off the phone with Mac Miller, SWPC's attorney.  I told him that the January 8 extension was a surprise to my business client, who was not inclined to agree to it.  However, my client wanted the following information ASAP:

     1.  An estimated cost of producing and shipping the discovery requested from SWPC.

     2.  The earliest possible time frame on getting the documents and interrogatory answers from SWPC.

Miller, not surprisingly, said that this was a surprise to him, but I made clear that my instructions from my client were very firm, and he understood that.  Miller did say that this put him in a bit of a bad position, as SWPC had apparently initially not wanted to agree to any extension, and play "hard ball", and he convinced them otherwise.

Miller was in the middle of about three urgent projects, but we agreed we would speak tomorrow morning when he was less rushed and he could give me a realistic time frame for production.

Miller said he thought what he had from SWPC did include a document that showed when the DDP was paid.  Miller first said that we wouldn't like the answer, because it was before the damage, then said he really couldn't say that, because he didn't know.   Otherwise, he has not requested the customs brokers' file yet, which is in Houston, and will not give me authority to speak with the customs broker about this (nor would I have expected him to).  I got the impression that SWPC itself may not yet have sent Miller all the documents responsive to the DDP/Export House discovery requests.

In the morning, I will have our copy service come over and review the documents we will need to produce (since I have not had a chance to review the file for responsiveness, we may not have to produce everything, and may spend less money than the estimate reflects) to SWPC.   Also, I am not familiar with the discovery requested by SWPC that may be due; for instance, whether it includes interrogatories for which we need to draft answers and have someone available who can sign.   I will get my arms around this in the morning and then call you.

Let me know if there is anything else I can do.

Britt

 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Wednesday, December 19, 2001 2:15 PM
To:	Davis, Britt; Edison, Andrew
Cc:	Zikes, Becky
Subject:	RE: EEPC v. SWPC/In re Industrial Bridge

I think first we need to know what the cost would be.  secondly, will we have a net billing since we will have a cost to produce our documents.  example

our cost to produce documents for them       $400
SW cost to produce documents for us          $500

we owe them                                              $100

is this how that will work?????????

thanks, ron.

 -----Original Message-----
From: 	Davis, Britt
Sent:	Wednesday, December 19, 2001 2:02 PM
To:	Edison, Andrew; Tapscott, Ron
Cc:	Zikes, Becky
Subject:	RE: EEPC v. SWPC/In re Industrial Bridge
Importance:	High

     Just so I'm clear:

     Does this mean I am supposed to tell Max Miller, SWPC's attorney, that we do not wish to wait until January 8, and want to exchange documents ASAP?

     If so, I need to call him immediately, and see what his reaction is.  I also need to make arrangements to review and produce the documents that we need to send to him.

     Let me know.

     Britt

 -----Original Message-----
From: 	Edison, Andrew
Sent:	Wednesday, December 19, 2001 12:48 PM
To:	Tapscott, Ron
Cc:	Zikes, Becky; Davis, Britt
Subject:	RE: EEPC v. SWPC/In re Industrial Bridge

Britt is going to take care of that.

 -----Original Message-----
From: 	Tapscott, Ron
Sent:	Wednesday, December 19, 2001 12:33 PM
To:	Edison, Andrew
Cc:	Zikes, Becky; Davis, Britt
Subject:	RE: EEPC v. SWPC/In re Industrial Bridge

Andy,

I take it that you will be following up on the estimated cost for us and SW to exchange documents?

Thanks, Ron.

 -----Original Message-----
From: 	Davis, Britt
Sent:	Wednesday, December 19, 2001 12:06 PM
To:	Tapscott, Ron; Edison, Andrew
Cc:	Zikes, Becky
Subject:	EEPC v. SWPC/In re Industrial Bridge

	I am standing by for further instructions.  Let me know if there is anything else you want me to be doing.

	Britt


Come by anytime today.  I've already made the check out.  I will be leaving
early today (sick kids and wife at home), but I will leave the check and
tickets on my desk.

D

Vincent Strohmeyer@ENRON
10/31/2000 07:46 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Juvenile Diabetes Foundation "JDF" Pledge

Daren,

 I want to thank you angain for your heart-felt generosit y.  The JDF walk is
this weekend, and we are supposed to turn in our money by wednesday for Enron
to match these amounts.  It is to this end that I request you make your check
payable to "JDF" for the $25 pledged as soon as possible, and call me to let
me know when I can stop by and pick it up.

Thanks again!

Vince
713.853.6701