Attached is a redraft of the three proposed points for inclusion in each of
financial and physical power confirms.  Please review and advise of any
further comments or thoughts.

It is my understanding that it has been decided that Canada wants to negate
Market Disruption concepts on the basis of changes to EUA or Pool rules.  I
have also negated force majeure claims on the same basis (typically not apt
in financial--however, since it could be argued I added it in the financial
confirm language as well).  Question:  Would we also want to add "any other
excuse of performance" to this concept?  Such language would afford a broader
sweep in respect of various claims, however, (i) the sweep may be too broad
in light of it covering any change in the EUA or Pool rules and (ii)
ultimately, we may want some flexibility to argue other points.   Advise.

Under Performance Suspension the intent is to carve out the "trade" for
suspension, while leaving the other aspects of the masters/gtcs in place,
such as bankruptcy and other termination events.

Mary

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


FYI, Your petition for Alien Relative (green card) was filed on January 15, 2001.

Jane J. Allen
Enron Corp
Global Employee Services
Phone - 713/345-5064
Fax - 713/646-9501
----- Forwarded by Jane Allen/HOU/ECT on 01/22/2001 08:41 AM -----

	Margaret Daffin 01/19/2001 04:15 PM 	   To: Jane Allen/HOU/ECT@ECT  cc:   Subject: FW: LAVORATO, John

---------------------- Forwarded by Margaret Daffin/HOU/ECT on 01/19/2001 04:14 PM ---------------------------

Virginia Boster <vboster@tindallfoster.com> on 01/15/2001 04:25:06 PM
To:	"'Margaret.Daffin@enron.com'" <Margaret.Daffin@enron.com>
cc:
Subject:	FW: LAVORATO, John

 <<LAVORATO, John >> I-130 filed today

Message-ID: <61122297CED1D311915F00D0B7061EA283E6@COMM_SVR>
From: Susan King <sking@tindallfoster.com>
To:
Subject: LAVORATO, John
Date: Tue, 25 Apr 2000 14:18:45 -0600
Return-Receipt-To: Susan King <sking@tindallfoster.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: text/plain;	charset="iso-8859-1"

I-130 filed on 1/15/01.


I am very happy to have you involved to the extent you want to be.  I asked Steve Elliott to be the corporate rep for the arbitration because Richard Sanders did not expect that you would want to take that much time for such a modest matter in terms of potential recovery ($90,000-145,000).

Currently, we have the following scheduled:

Th, Oct. 25	Deposition of Tim Clifford	(If there are any questions, issues you would specifically like for me to discuss with Tim, please let me know)

Fr, Nov. 2	Hearing on Motion to Compel and for Sanctions	This hearing is expected to last 1-2 hours and relates to the issue of production of tape recordings related to conversations between you or Steve and Tim Clifford  during December 1999.  I expect that Richard Sanders and I will attend this hearing.

Tu, Nov. 6	Mediation			This mediation will take the better part of a day.  I need a corporate representative in attendance who is able to make decisions re settlement, and who can speak to issues such as custom and standards in the industry, that deals are routinely made with credit finalized later, etc.  Steve is available to attend that day, but if you'd prefer that would certainly be okay with me.  I anticipate that Vinmar will have a its lawyers and a corporate representative from Vinmar.  I doubt that Tim Clifford will be there since he is no longer with the company.  If we decide to have Steve present, perhaps we can arrange a short meeting prior to the mediation to discuss strategy and settlement authority.

Tu/We, Dec. 18-19	Arbitration		If the matter is not settled at mediation, the arbitration will take place on Dec. 18 and carry over to Dec. 19, if necessary.  I will need a corporate representative there the entire time.  Steve is available to act as corporate representative, but let me know if you'd prefer to do so.  If you are not available for the entire time period, it would be helpful to have you available for a couple of hours to give your testimony re the making of the contract in person; however, I can use your deposition testimony if you are not available.  I have confirmed that Debbie Brackett will be available to give her testimony at the arbitration hearing.

Please let me know if you have any other questions/comments re this matter.  Thanks.

Bonnie J. White
Enron Litigation Unit
1400 Smith Street, Suite 4824
Houston, TX  77002
Ph:  713-853-7244
Fax: 713-853-6576
bonnie.white@enron.com

 -----Original Message-----
From: 	Nowlan Jr., John L.
Sent:	Tuesday, October 23, 2001 10:10 AM
To:	White, Bonnie
Subject:	FW: Vinmar

Bonnie, I think I need to stay involved in this case as I did the deal and have given a deposition. Is there any reason you do not want me involved?

 -----Original Message-----
From: 	Elliott, Steven M.
Sent:	Tuesday, October 23, 2001 9:51 AM
To:	Nowlan Jr., John L.
Subject:	FW: Vinmar

thanks for volunteering me to handle vinmar......i also have the helm arbitration case in dec and i should settle the baytank issue very soon

 -----Original Message-----
From: 	White, Bonnie
Sent:	Tuesday, October 23, 2001 9:30 AM
To:	Elliott, Steven M.
Cc:	Sanders, Richard B.
Subject:	Vinmar

Steve,

I have confirmed the mediation and arbitration dates for the Vinmar matter that we discussed last Friday and yesterday.  The mediation will take place on Tuesday, November 6.  I will send you another e-mail with the exact time and location.  If the mediation is not successful,  the arbitration with take place in Houston on Tuesday, December 18 (with a carryover day to December 19, if necessary).

Thanks.

Bonnie J. White
Enron Litigation Unit
1400 Smith Street, Suite 4824
Houston, TX  77002
Ph:  713-853-7244
Fax: 713-853-6576
bonnie.white@enron.com


Please click on the attached icon or the Web address below to go to the most recent OASIS Posting.

If that doesn't work highlight and copy the address below, then paste it into the address line of your Web browser and hit "enter":

Information on BPAT's implementation of tariff terms and conditions and/or transmission marketing policy has been posted to:

http://www.transmission.bpa.gov/oasis/bpat/scheduling/EnergyIndexforGenerationImbalanceService.doc

For questions or comments, please contact your Transmission Account Executive.


Never mind.  Lee sent it.

Kay Mann
04/04/2001 02:40 PM
To: lee.johnson@ss.ps.ge.com, Stephen Thome/HOU/ECT@ECT
cc:

Subject: AIP

Hi there,

Could someone email me the latest version of the AIP?

Thanks,

Kay


Thaniks for the note.  Christie is now organizing our university
relationships, so direct the communication to her.  Thanks again

David Merrill@ENRON_DEVELOPMENT
09/09/2000 05:59 AM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Fletcher School/Enron

Dear Steve:   Last month while at my reunion at the Fletcher School of Law
and Diplomacy
at Tufts University, some of the school officials told me that Enron has
hired about eight
Fletcher graduates recently and is happy with them.   The school is also
happy and wants
to strengthen its relationship with Enron.   They had earlier this year
contacted a Laura
Kalmans, Director of Community Development at Enron, to discuss various ideas
for cooperation
with Enron that would strengthen our capacity in environmental matters and
give the students
exposure to real world issues, but nothing happened and they lost contact.

They asked me who they should contact to find out how to pursue this and I
said
I thought it might be you or someone under you.    They now want to send a
letter
to someone at Enron on this proposal.  It is OK if it is addressed to you or
should I tell
them another name?   Please advise me how to steer them in the right
direction.

Many thanks.  David Merrill

---------------------- Forwarded by David Merrill/ENRON_DEVELOPMENT on
09/09/2000 06:33 PM ---------------------------

Laura Karch <Laura.Karch@tufts.edu> on 09/05/2000 03:15:08 PM
To: david.merrill@enron.com
cc:

Subject: Fletcher School/Enron

Dear Ambassador Merrill,

I understand that you and Betsy Ginsberg had a conversation at reunion last
month about a possible
partnership between the Fletcher School and Enron.  Thank you for generously
offering to help us
explore this connection.  We believe there are strong synergies between
Professor Bill Moomaw's
International Environment and Resource Policy program and Enron's business
model.  There is
currently a strong recruiting relationship between Enron and Fletcher; there
are nine Fletcherites
at Enron at this time.  I'm confident that our strong recruiting relationship
is a solid first step
from which to launch an even stronger partnership.

In order to explore expanding this relationship Ms. Elise Kalmans, Director
of Community
Development, agreed to arrange a meeting for Bill and me last spring.
Unfortunately, the scheduling
did not work out, and Ms. Kalmans then began a maternity leave so we had
trouble identifying a new
point of contact.

I appreciate your suggestion that we aim to work through Stephen Kean.  As
Senior Vice President for
Public and Environmental and Government Affairs, he does sound like the ideal
contact with whom to
discuss Professor Moomaw's program and its students. How do you suggest we
proceed?  Should we send
a letter from Interim Dean Trachtman to ask if Mr. Kean would be willing to
meet with Professor
Moomaw?  May I mention that you suggested we write him?

At Betsy's suggestion, I have attached the presentation outline we prepared
for Enron, along with
the letter we originally mailed to Elise.  I would be very interested in any
suggestions you may
have.  If you have any trouble opening the powerpoint file or word document,
please let me know and
I would be happy to mail or fax them.  Thank you again for your kind offer of
assistance.

Sincerely,

Laura Karch
Associate Director, External Relations
Fletcher School of Law and Diplomacy
617-627-2720

 - IERP enron.ppt
 - enron Kalmans.doc


John and Terry, please review and let me know any comments.

Rick and Jodie, FYI Thanks. Lynn

 -----Original Message-----
From: 	Cessac, Kenneth
Sent:	Tuesday, July 03, 2001 6:15 PM
To:	Datta-Barua, Lohit; Alters, Dennis; Anderson, Gary E.; Armstrong, Julie; Asante, Ben; Bellard, Dannis; Blair, Lynn; Brennan, Patrick; Buchanan, John; Corman, Shelley; Craig, Rick; Dowden, Jim; Gallishaw, Melinda; Hebert, Thomas; Hewett, Jackie; Hyatt, Kevin; January, Steven; Kendrick, William; Kilmer III, Robert; Kissner, Tim; Kudym, Judy; Lokey, Teb; Lowry, Phil; McCarty, Danny; Alder, Amelia; McClary, Bronson; Miller, Mary Kay; Morris, Alliece; Shafer, John; Sims, Peggy; Smith, Kenny Ray; Smith, Roy; Stern, Ellis; Wagoner, Michael; Bryant, Mike; Cherry, Steve; Porter, Theresa; Pribble, Dan; Vollmer, Allan; Comstock, Steve; Daigle, David; Doerr, Donald; Gibbs, Dana; Sanford, Robert; Trevelise, Jon; Wright, Gary; Thompson, Charlie; Hoag, Jody; Tidwell, Eddie; Figueroa, Robert; Teal, Mike; Cone, Cecil; Weatherford, Allan; Campo, Michael; Moseley, Doug; Clayton, Lawrence
Subject:	Recommendations for ongoing improvement of UAF.

The attached recommendations document provides some additional detail to some of the items listed within the presentation.


Hello Mr. Haedicke.  Attached is the resume of Joel C. Ross.  Please handle
this submission with the utmost confidentiality.  Joel is partner in the
Austin office of Brown McCarroll & Oaks Hartline.  Joel graduated with
honors in 1992 from the University of Texas Law School.  Joel started his
career with the Atlanta office of Jones, Day, Reavis & Pogue.  Prior to his
position with Brown McCarroll, Joel was senior corporate counsel with
Magellan Health Services, Inc., where he was responsible for the company's
merger, acquisition, and divestiture activity.  Joel is very interested in
the opportunity presented by Enron North America.

Attached to Joel's resume is a transaction list.  As you can see, he has
significant experience with mergers, acquisitions, securities, corporate
formation, and tax.  Please advise if I can supply you with further
information about Mr. Ross, or if you would like to schedule an interview.

Regards,

/Steve

 <<Ross, Joel.doc>>

Stephen P. Dillon, J.D.
Executive Recruiter
LucasGroup
Recruiting Excellence Since 1970

Two Riverway, Suite 400
Houston, Texas 77056
713-864-5595 Ext. 231
Fax: 713-599-1657
800-878-7060
sdillon@LucasCareers.com
www.LucasCareers.com

 - Ross, Joel.doc


There is no counterparty set up in the system as Coral Canada US, Inc.   The deals that Ann sent to me were not changed because the counterparty name was not set up and address information was not sent to me with the corrected confirmations.    These were sent back to Ann.  As far as I know the Trader did not give me any information on the counterparty name and address information..  If you have received this information on your end then I would suggest that you send in a GCP request so that Global Counterparty can set the counterparty up in the database.  Once this is done then you would need to send Sean the deal numbers that need to be changed.

Vladi, should the counterparty name be Coral Canada US, Inc.

-----Original Message-----
From: 	Dozier, Scott
Sent:	Monday, October 08, 2001 10:16 AM
To:	Riordan, Sean
Cc:	Hernandez, Elizabeth L.; Pimenov, Vladi
Subject:	Deal Confirm for Coral Energy Canada

Sean,

Elizabeth should be familiar with what I will be refering to in this note, so please reference her if need be...

There are several ENA sales for Sep-01 production to Coral Energy Canada, Inc. which the counterparty is claiming should be billed under Coral Canada US, Inc.  The counterparty will not pay on these items until corrected.  In fact, the counterparty faxed back our confirmation with the requested change back in September.  Ann (I don't know eher last name) with ENA physical confirmations said that she was aware of these confirmations and that they had been forwarded to Elizabeth for her attention.  It is my understanding that once noted that there was actually no counterparty in our systems under this new name, the traders for each company should have been in contact to straighten this out.  I am unaware of that occuring or even if that is the correct procedure.

I am cc'ing Vladi Pimenov because Sitara shows him as having created at least one of the deals.  Maybe he can clarify things for us.  One example of such deals is 1026087.  Bottom line is I need a way of receiving payment from Coral on these items.

All - please advise.

Scott Dozier
Client Services - Settlements
Enron Net Works LLC
office: 713.345.7213
fax: 713.646.8420
email: scott.dozier@enron.com


Marie:  Does this sound weird opening the account on Sept. 27?  I thought this was done some time ago. SS

-----Original Message-----
From: Doukas, Tom
Sent: Tuesday, October 02, 2001 11:34 AM
To: Shackleton, Sara
Cc: Heard, Marie
Subject: FW: Prime Brokerage Clearance Services Agreement

I have another one for you guys.  I do not anticipate any urgency on this, but would still like it out of the way.

Thanks,

Tom

-----Original Message-----
From: Grice, Regan [mailto:regan.grice@funb.com]
Sent: Tuesday, October 02, 2001 11:10 AM
To: Doukas, Tom
Subject: Prime Brokerage Clearance Services Agreement

Mr. Doukas:

On September 27, we opened a prime brokerage account in the name Enron
Credit Inc. Bear Stearns is acting as Prime Broker on this account, and
First Union Securities, Inc. is executing your securities. The SEC requires
the Clearing Broker (us) to have the attached agreement on file for our
prime brokerage clients.

If you would be so kind as to have this agreement signed, I would greatly
appreciate it. If you have any questions, you can call me at 704-593-7024.
Once it is completed, it can be faxed back to my attention at 704-593-7032.

Thank you and best regards,

Regan Grice
First Union Capital Markets, Documentation
Phone: 1-800-735-1470 or 704-593-7278
Fax: 704-593-7032

 <<Enron Credit 151.doc>>


(See attached file: HPLN1227.xls)

 - HPLN1227.xls


I extended 95551.

D

   Aimee Lannou                02/17/2000 10:01 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 1520

Daren - Could you please create a new deal or extend the existing one for
meter 1520 for Jan. 00?  The deal number is 95551 for Engage Energy.  The
deal ended 12/31/99.  I am helping volume management creat an accounting
arrangement.

Thanks.  Aimee


I have been requested to submit potential reviewers for the mid-year
process.  Since I have worked with you on various projects, I plan to submit
your name as a potential reviewer.
My supervisor, Tim O' Rourke will be contacting you soon.
I appreciate your consideration and input on my review.  If you have any
questions, please call me at x33597.  Thank you.


This person hasn't found a violation in a year.  I find that hard to believe.
 -----Original Message-----
From:  Nguyen, Jennifer
Sent: Friday, June 01, 2001 11:24 AM
To: Gorny, Vladimir; Gossett, Jeffrey C.; Hall, Bob M; Lavorato, John;
Reeves, Leslie
Subject: Gas Curve Validation April 2001


Three Tudor deals, why I only see one!  Now I'm beginning to wonder if your
tally is correct or if you are just fudging numbers so that you can get to
500 before I get to 10!

Marie Heard
Senior Legal Specialist
Enron Broadband Services
Phone:  (713) 853-3907
Fax:  (713) 646-8537
Marie_Heard@Enron.net

	Tana Jones@ECT
	09/12/00 11:13 AM

		 To: Tanya Rohauer/HOU/ECT@ECT
		 cc: Marie Heard/Enron Communications@Enron Communications
		 Subject: Re: The Tudor BVI Global Portfolio Ltd.

Why, I do believe the three Tudor deals gets us to 451!

	Tanya Rohauer
	09/12/2000 11:08 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: The Tudor BVI Global Portfolio Ltd.

what number are we on?
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 09/12/2000 11:04
AM ---------------------------
From: Samantha Boyd@ENRON on 09/12/2000 10:39 AM
To: Andrea R Guillen/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Celeste
Cisneros/NA/Enron@Enron, David P Dupre/HOU/ECT@ECT, Derek
Bailey/Corp/Enron@Enron, Diane Anderson/NA/Enron@Enron, Gordon
Heaney/Corp/Enron@Enron, Janie Aguayo/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT,
Jefferson D Sorenson/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@Enron, Larry Joe
Hunter/HOU/ECT@ECT, Laurel Adams/HOU/ECT, Lesli Campbell/HOU/ECT, Scott
Tackett/Corp/Enron@Enron, Adnan Patel/Corp/Enron@Enron, Amber
Ebow/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Bill D Hare/HOU/ECT@ECT, Bridgette Anderson/Corp/Enron@Enron, Carrie
Southard/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT,
Dianne Seib/CAL/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT,
Karen Lambert/HOU/ECT, Leslie Reeves/HOU/ECT, Lynn E Shivers/HOU/ECT, Marilyn
Colbert/HOU/ECT, Stacey Richardson/HOU/ECT, Brent Hendry/NA/Enron@Enron,
Carol St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT,
Robert Bruce/NA/Enron@Enron, Samantha Boyd/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Stephanie
Panus/NA/Enron@Enron, Tana Jones/HOU/ECT@ECT, Brad
Schneider/Corp/Enron@Enron, Brant Reves/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Paul Radous/Corp/Enron@Enton, Tanya Rohauer/HOU/ECT@ECT, Tracy
Ngo/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@Enon, Wendi
LeBrocq/Corp/Enron@Enron, William S Bradford/HOU/ECT@ECT
cc:
Subject: The Tudor BVI Global Portfolio Ltd.

We have received an executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   May 31, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   The Tudor BVI Global Portfolio LTD.

Transactions Covered:  Approved for all products with the exception of:  Pulp
and Paper


Santa Clara District Energy Facility, L.L.C. changed its name to Roseville
Energy Facility, L.L.C. on November 21, 2000.

Please circulate this information to all interested parties within your group.

PLEASE NOTE:
 Matt Maxwell - copy of evidence being sent by interoffice mail
 Lanette Earnest - tax
 Sylvia Hu - Minute Book and two seals have been ordered

Lillian R. Bailey
Administrator
Corporate Services
EB4804A
Phone 713/853-3577
Fax 713/646-8007


Jon, I was referring to the actual monument site, not all lands dedicated to the monument by BLM, which occur for several miles on both sides of I-17.   I was under the impression that the information I had given to you and Scott indicated that the existing right of way passed throught the actual monument itself.  Sorry about the miscommunication.  In your discussions with the BLM, you may want to mention that there is an existing ROW through the Monument  and see if this makes any difference in the difficulity or delays......to cross.

"Alstad, Jon" <JAlstad@ensr.com> on 09/26/2001 03:15:10 PM
To:	"'Larry.Campbell@enron.com'" <Larry.Campbell@enron.com>, "Patti, Scott" <SPatti@ensr.com>
cc:	"'Shafer, John'" <John.Shafer@ENRON.com>, "'Gadd, Eric'"	 <Eric.Gadd@ENRON.com>, "'Hyatt, Kevin'" <Kevin.Hyatt@ENRON.com>, "'Kilmer III, Robert'" <Robert.Kilmer@ENRON.com>, "'Cebryk, Doug'"	 <Doug.Cebryk@ENRON.com>, "Schmidt, Jon" <jschmidt@ensr.com>

Subject:	RE: Review Draft - Sundevil Fatal Flaw Analysis/Briefing Report

Larry, based on my review of the maps that I received from you today, the
proposed Phoenix Lateral does cross approximately 8.8 miles of the Agua Fria
National Monument (i.e., Black Mesa area on the Joes Hill and Bumble Bee
USGS topographic quads). This portion of the alignment is located east of
Interstate 17. According to the Bradshaw Mountain BLM Land Status map that I
have reviewed, the national monument boundary is located immediately east of
Interstate 17.  Please let me know if you have another map that illustrates
a different alignment that is located west of Interstate 17.  Thanks!

Jon
(970) 493-8878 ext. 235

-----Original Message-----
From: Larry.Campbell@enron.com [mailto:Larry.Campbell@enron.com]
Sent: Wednesday, September 26, 2001 10:51 AM
To: Patti, Scott
Cc: 'Shafer, John'; 'Gadd, Eric'; 'Larry.Campbell@ENRON.com'; 'Hyatt,
Kevin'; 'Kilmer III, Robert'; 'Cebryk, Doug'; Schmidt, Jon; Alstad, Jon
Subject: RE: Review Draft - Sundevil Fatal Flaw Analysis/Briefing Report

Scott, I shold probably clearify something.  The existing right of way,
which we intend on staying in, at least around Cordes Junction is located
west of I-17, which will not impact the Agua Fria National Monument, which
occurs on the east side of the interstate.  Should we be forced to move to
the east side of I-17, then the Monument may become a problem.  Like you, I
was taking into consideration all possible issues in the pathway of the
proposed construction and also those that are in the near proximity and
have the potential of becoming an "opportunity" in the event we are forced
to deal with them.  I appreciate your wirk in this......

"Patti, Scott" <SPatti@ensr.com> on 09/25/2001 05:10:00 PM

To:   "'Shafer, John'" <John.Shafer@ENRON.com>
cc:   "'Gadd, Eric'" <Eric.Gadd@ENRON.com>, "'Larry.Campbell@ENRON.com'"
       <Larry.Campbell@ENRON.com>, "'Hyatt, Kevin'"
      <Kevin.Hyatt@ENRON.com>, "'Kilmer III, Robert'"
      <Robert.Kilmer@ENRON.com>, "'Cebryk, Doug'"
      <Doug.Cebryk@ENRON.com>, "Schmidt, Jon" <jschmidt@ensr.com>, "Alstad,
      Jon" <JAlstad@ensr.com>

Subject:  RE: Review Draft  - Sundevil Fatal Flaw Analysis/Briefing Report

Gentlemen,

Attached is our work to date (minus the telephone call summary sheets and
permit requirement summary sheets [Appendix A] you've already received) on
the Fatal Flaw Analysis/Briefing Report for Project Sundevil (or is it The
Sundevil Project, or Sun Devil [2 words, rather than 1])?  It truly is a
working document, and can be expanded in areas as you see fit, or there may
be other areas you may want us to discontinue researching.  This review
draft is provided for your review and input as to where you might like it
expanded and where you might like effort to be discontinued.  As I
mentioned
yesterday, I will be out of town the remainder of the week.  Please contact
Jon Alstad in my absence with any action items and input you may have.
Thanks,  Scott

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com

**********************************************************************
The information contained in this communication is confidential and
privileged proprietary information intended only for the individual
or entity to whom it is addressed.  Any unauthorized use, distribution,
copying or disclosure of this communication is prohibited.
If you have received this communication in error, please contact the
sender immediately.

It is our policy that e-mails are intended for and should be used for
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This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

ENSR
www.ensr.com
postmaster@ensr.com
**********************************************************************

(See attached file: Fatal Flaw Analysis.doc)
(See attached file: Table 1 - Cat-Constraint.doc)
(See attached file: Table 2.doc)
(See attached file: sundevilschedule.ppt)

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


Sebastian,

I look forward to your response tomorrow on the issues raised by Mark Taylor
and myself the end of last week.

In addition I wanted to request that you review your answers to our questions
in section 10 of the legal survey in order to ensure that we cover other
financial and physical transactions that are traded on the Enron website.
Your responses outlined in your memo are focused on the gas and power
products that will be traded by our Argentine trading entities, however,
there may be any other number of products traded online by non-Argentine
Enron entities including:
 Commodity transactions relating to oil, gas, electricity, weather, pulp and
paper, metals or other commodities, whether derivative transactions (cash
settled) or physically settled.
 Financial derivatives - i.e. interest rate, foreign exchange, or credit
derivatives.

Please let me know if you need any clarification on the additional issues we
would like covered.

Regards,
Brent


We interviewed the 12 finalists in Austin yesterday.   Interviewers were Gene
Humphrey, Thomas Suffield, Roger Ondrecko and me.  The four of us met this
morning in Houston to decide on our suggested scholarship receipients.  Based
on my conversation with Sue White yesterday in Austin, I called her today
with the names of the three suggested award winners.  I conveyed this via
voice mail, as Sue was not in her office.  She had told me that her schedule
would be tight today, so it is likely that she and I will talk tomorrow
morning.  She wanted to be able to discuss our recommendations.  I would not
anticipate any changes as a result of my pending conversation with Sue.
However, I think that it will be best to withhold the names of the recepients
until after that conversation.  She will most likely then contact you to
confirm their names.  I have phone numbers, addresses and e:mail addresses
for all three, and I will provide you with those as soon as the official
notification from the University takes place.

Gene, Thomas and Roger are all interested in attending the dinner in Austin
if schedules permit.  The week of April 24th is a good one for me for the
dinner.  Obviously, many schedules have to be coordinated.  I know that Rick
Causey will want to attend (he will have been in London the week prior, so he
may be available).  I have also talked with CIndy Olson and I know that she
would like to be included if her schedule permits.

Today was Brent's last day in the Houston office for several months.  Let me
know how I can help with these arrangements.

	Enron North America Corp.

	From:  Elyse Kalmans @ ENRON                           04/04/2000 09:28 AM

To: sue.white@mail.utexas.edu
cc: Brent A Price/HOU/ECT@ECT, Amy Lee, Alexandra Saler/Corp/Enron@ENRON,
Sally Beck/HOU/ECT@ECT, Charla Stuart/Corp/Enron@ENRON
Subject: Enron MBA Excellence Awards - Dinner

Sue:  Greetings!  We have not spoken in awhile, but I wanted to touch base
with you regarding the MBA Excellence Awards and specifically hosting a
dinner similar to last year's event at Jeffrey's.  I am expecting a baby in
two weeks, so I'd like to get as much of this planned now as possible!  Amy
Lee, Charla Stuart and Ali Saler who work in my group will pick up any of the
pieces that I don't get to prior to becoming a mom, and one of them will
attend the dinner in Austin.

I have a number of questions:  First, have the award winners been chosen?
notified? What are their names/phone numbers? Can you help us with the guest
list from the university?  How does the week of April 24 look on the
university's calendar?  If we can't find a date before the school year ends,
we could have the dinner during the beginning of the fall semester, but I'd
like to try for the end of April/beginning of May.

I would like to use the Josephine House at Jeffrey's Restaurant again - it
worked well last year, but I haven't called them yet - waiting to hear
answers to the questions above...

Have a great day!  I can be reached by email or phone at 713-853-0565.

Thanks!
Elyse Kalmans


I was here.

	Taffy Milligan
	06/22/2000 05:27 PM

		 To: Mark Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
		 cc:
		 Subject: Timekeeping

Were any of you missing in action Monday through Wednesday (6/19-21) when I
was gone?

tm :)


Nicor Gas Company is NOT authorized to trade US power -- restricted by credit.

Leslie


Have comments on presentation, but cannot find you.


Attached is PIRA's extended Daily Demand Report.

Please contact Morris Greenberg and Victoria Watkins for more information
regarding these reports at [mailto:morris@pira.com] and
[mailto:vwatkins@pira.com], respectively. For distribution requests, contact
John Graziano at [mailto:jgraziano@pira.com]. We can all be reached at (212)
686-6808.

 - ed042601.pdf
 - ed042601.xls


To Keith
$20,709


Christian has not yet gotten back to me but I have asked him to check on the
dates we discussed for early/mid March.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 01/27/2000 08:10
PM ---------------------------

Michael Etringer

01/27/2000 07:09 PM

To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Web Site and Training

I am not sure if Christian got back with you on the possible timing for our
legal seminar in Portland but Tim Belden is out until Friday and Christian is
out until Monday.  Christian indicated to me that he was going to call you on
Monday with a definitive date.

The web site is now available outside the firewall.  The location is
http://www.enronwest.com    Be aware that this is currently only a template
site.

Let me know if you need any additional information.

Regards,
Mike
503-464-3836


request_number:  IN-BPA:  031
firstname:  Lincoln
lastname:  Wolverton
e-mail:  lwolv@worldaccessnet.com
directed_to:  Peter Burger
Bonneville Power Administration
exhibit_wp-02-e-:  WP-02-E-BPA-76
page_numbers:  3-6
request_text:  Please provide an electronic copy of the program and files
sufficient to produce the net revenues portrayed in case:
RM_Merged_$210_S2000_LR1500.xls and
RevSim Input Database:
V:\RateCase0206__Supplemental\0209\Fy02$210\S2000_LR1500\RiskData_Supplemental
FY02$210.mdb, ... Date/Time of Report: 2/10/01 8:06:00 AM.

Please ensure that the program will run on a standalone, non-Bonneville
computer-that is, a computer that does not require access to files available
only on a BPA computer.

contact_name:  Linc Wolverton
contact_address:  East Fork Economics
P.O. Box 620
35011 North Fork Rd.
La Center, WA  98629

contact_phone:  360-263-3675
contact_email:  lwolv@worldaccessnet.com
contact_fax:  360-263-3675
delivery_instructions:  Data Responses will be picked up by courier:  call
Linda Vitale of Davison Van Cleve, P.C. at 503-241-7242.

The following information is from the web server:
1.  Logon: PSP-TEN
2.  Remote Host:  63.230.164.97
3.  Remote IP Address:  63.230.164.97
4.  Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_request.html
5.  Browser Client:  Mozilla/4.73 [en]C-DIAL  (Win98; U)


Per request from the East power group - please review the following
counterparties for transaction capabilities for East Power Financial Products
on EOL.

Cinergy Services, Inc.
Northern Indiana Public Service Co.
Coral Power LLC
Aquila Energy Marketing Corporation
PG&E Energy Trading - Power, L.P.
Wabash Valley Power Association, Inc.
Commonwealth Edison Company
Constellation Power Source Inc.
Entergy Power Marketing Corp.
Amoco Energy Trading Corp

Please let me know if these counterparties can have access to transact on
financial power products.

Thanks for your help.
Stephanie x33465


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001
04:48 PM ---------------------------

"RiskNews Update" <listadmin@riskwaters.com> on 02/02/2001 12:09:13 PM
To: List Member <vkamins@enron.com>
cc:
Subject: - latest RiskNews Update - 02/02/2001

RiskNews Update - http://www.RiskNews.net

RiskNews Update - http://www.risknews.net/

===================================================================
RiskNews Update - week ending 02/02/2001
http://www.RiskNews.net
News for derivatives and risk management professionals
===================================================================

Dear Subscriber,

Welcome to RiskNews Update!

The Fed's second 50 basis point cut in interest rates in a month to stave
off a recession in the US - a move widely discounted in the marketplace -
was the subject of many headlines this week. While the cut is the largest
since the 1982 recession, and has raised eyebrows regarding the true state
of the US economy, there was also plenty of other important news.

ABN Amro unveiled plans to boost its risk management and derivatives
business by purchasing a large slice of ING Barings' North American
investment banking operations for $275 million. Competition in the US and
elsewhere will be fierce, however, with leading player Salomon Smith
Barney creating a new global interest rate and derivatives products group,
following an overhaul of its fixed-income and derivatives businesses.
There appears to be no long-term role for Citibank's Fred Chapey in the
new division. Meanwhile, Deutsche Bank's decision to axe about 2,600 staff
following a restructuring of its operations into two business groups, will
have a negligible impact on its derivatives business (see Headlines).

London-based broker Tullett & Tokyo Liberty was back in the news again for
alleged racial discrimination. Laurent Weinberger, a broker on the new
issues desk until last May, initiated a racial discrimination and unfair
dismissal case against his former employer this week. Previously the firm
had a run-in with client Citibank, when a Tullett employee allegedly made
racist comments to a Citi official (see People).

Christopher Jeffery
Editor, RiskNews

Tel: 44 (0)20 7484 9880
mailto:cjeffery@riskwaters.com

-----------------------------------------------------------------
This is the last week to book for OpRisk 2001(New York, 8 & 9 Feb)!
OpRisk 2001 is the first conference to bring together leading experts to
discuss the revised Basel consultation paper in depth. Due to overwhelming
demand we've decided to extend the Operational Risk promotion deadline for
you. Click here to order your FREE copy (worth $70) of the February issue
of the Operational Risk newsletter http://www.risk.net/oprisk/freeissue.htm
------------------------------------------------------------------

RiskNews Update - 02/02/01

Headlines/ Technology and Exchanges/ People/ Events

===================================================================
Headlines - 02/02/2001
===================================================================

2 February - Continuous Linked Settlement, the pan-industry initiative to
reduce FX settlement risk, is set to go live in October having passed a
recent internal review

1 February - Deutsche Bank's plan to axe around 2,600 staff following a
restructuring of its operations into two business groups - a move the bank
claims will lead to savings of e1.5 billion through to 2003 - will have a
negligible impact on its derivatives business

1 February - Britain's financial watchdog, the Financial Services
Authority (FSA), has given a warning that credit derivatives will face
higher capital charges than traditional bank guarantees under planned
reforms to the Basel Capital Accord

31 January - With US banks in the unusual position of being challenged for
dominance in the global forex business by firms such as Deutsche Bank,
Bank of America plans to implement new tactics that include getting closer
to its traditional US customers

30 January - ABN Amro's decision to buy a large slice of ING Barings'
North American investment banking operations for $275 million will result
in a major boost for its derivatives business, according to senior
officials at the bank

30 January - Greece's membership of the euro-zone and recent efforts by
its Central Bank to modify its bond issuance policy to match EuroMTS
listing criteria has resulted in three Greek government bonds being
offered on the EuroMTS trading system

29 January - Salomon Smith Barney has created a new global interest rate
and derivatives products group, following an overhaul of its fixed-income
and derivatives businesses, according to an SSB internal memo

To read more now, click http://www.risknews.net

*******************************************************************
You will find hundreds of FREE Risk magazine articles, website reviews and
back issue content from the last four years are available from Risk.net.
If it isn't available online, you can order back issues & articles too.
This link will take you through to the Special reports section of the
site: http://www.risk.net/supplements/supplements.html

===================================================================
Technology and Exchanges - 02/02/2001
===================================================================

31 January - New York-based B2B electronic market-place provider eSpeed
plans to expand and extend its licensing efforts in 2001, and has
appointed David Bullock to become global head of its private label division

31 January - The Sydney Futures Exchange (SFE) and the Hong Kong Exchange
and Clearing (HKEx) have formed a strategic alliance to develop a range of
new derivatives trading and clearing services for the Asia Pacific
exchange-traded and over-the-counter market-places

30 January - The Frankfurt-based European Energy Exchange (EEX) will
launch electricity futures trading on March 1. This is likely to make it
the first German power exchange to offer derivatives trading

29 January - Patsystems, the electronic trading systems provider, has
upgraded its service to include access to the London and German stock
exchanges in an attempt to boost its coverage of European equities and
derivatives

29 January - US software developer NovaPlex Technologies has launched a
new online FX trading system for spot, forwards and options foreign
exchange trading, called NovaPlex Trading Network (FX Edition)

29 January - The second largest US options exchange, American Stock
Exchange (Amex), has elected four members to its board of governors,
including Thomas Sheridan, managing director of global equity derivatives
at Salomon Smith Barney. Sheridan replaces Goldman Sachs' Leslie Tortora

To read more now, click http://www.risknews.net

*******************************************************************
NEW! A new market demands a new magazine. Telecoms Capacity provides
unique coverage and essential information for the rapidly expanding
bandwidth, minutes, IP packets and wireless sectors. Click
http://www.TelecomsCapacity.com for your FREE copy of the launch issue.
===================================================================
People - 02/02/2001
===================================================================

2 February - The Nasdaq Stock Exchange has appointed Hardwick Simons to
take over the chief executive officer role previously held by Frank Zarb,
with immediate effect

2 February - The Singapore Exchange (SGX) has made two new hires to head
its derivatives clearing and securities trading divisions

1 February - Laurent Weinberger, a broker on the new issues desk at
London-based brokers Tullet & Tokyo Liberty until last May, this week
initiated a racial discrimination and unfair dismissal case against his
former employer

1 February - Bank of America has expanded its global derivatives group in
Europe, naming senior hires for its structured securities and quantitative
research teams

31 January - Commerzbank Securities has named seven new hires to join its
derivatives and fixed-income team in New York as part of an aggressive
drive into the North American market

31 January - Daniel Rappaport, chairman of the New York Mercantile
Exchange will not seek re-election for a fifth term, ending eight years
heading the derivatives exchange

31 January - Morgan Stanley Capital International has hired Michel
Serieyssol from Bear Stearns to become global head of its hedge fund index
business

To read more now, click http://www.risknews.net

*******************************************************************
The Risk Awards 2001 will be presented at  "Risk 2001 Europe" - Risk's 6th
annual European derivatives & risk management congress to be held in
Paris, April. Click here for the event details:
http://www.risk-conferences.com/risk2001euro

The Risk Awards 2001 are available from www.risk.net/risk2001

==================================================================
Events - 02/02/2001
===================================================================

Events

Last week to book ...

OPRISK 2001 New York
February 8 & 9 2001

The first conference to bring together leading experts to discuss the
revised Basle consultation paper in depth.

OpRisk provides the opportunity for all involved in operational and
operations risk to learn how those at the forefront of management and
measurement techniques have addressed the current industry challenges.
Experts from the world's leading financial institutions, leading academics
and solution providers will detail the approaches that can be utilised or
adapted within your operational risk management environment.

ONLY A FEW PLACES LEFT.

For further information or to reserve your place visit
http://www.risk-conferences.com/oprisk2001 or call +44 (0)20 7484 9898

Other conferences coming soon ...... http://www.risk-conferences.com

Dealing with Technology 2001, New York (Feb), click
http://www.waters-conferences.com/dealing.htm
Risk 2001 Europe - Paris 10 & 11 April 2001

Other training courses coming soon ...... http://www.risktraining.com

Practical applications of Advanced Stress Testing - for integrated risk
measurement and management - London 5 & 6 February 2001 / New York 12 & 13
February 2001

Advanced Credit Risk Measurement and Modelling Techniques for effective
portfolio credit risk management - New York 8 & 9 February 2001  / London
15 & 16 February 2001

===================================================================
All of Risk Waters Group online services can be accessed through
http://www.riskwaters.com

______________________________________________________________________
To unsubscribe, write to financewise-unsubscribe@listbot.com


http://rivals100.rivals.com/default.asp?sid=135&p=58

Just thought ya'll would like to know.

And Chad, I'll save you the trouble - Mack Brown is a terrible coach and all
he can do is recruit.


Leslie, thank you for your comments.

From my understanding, we have a need for the following:

1. Talking points directed to a CA audience (similar to the number of
"one-pagers" we have already done for CA)
2. Talking points to circulate on the Hill
3. Points to include in a presentation to FERC on the 24th

It is not clear to me whether we should produce one document that fills all
of these needs or if we need more than one document.  Perhaps, as Leslie
mentioned in her message below, we should add some FERC-level solutions to
this document and use it for several purposes.

**If someone has some suggestions about FERC language, please send them to me
or call me and I will incorporate them and recirculate the document.**

I am re-attaching the draft talking points again, for your reference.

Thanks,

Jennifer

	Leslie Lawner
	05/17/2001 05:00 PM

		 To: Jennifer Thome/NA/Enron@Enron
		 cc:
		 Subject: Re: DRAFT talking points on gas in CA

I guess my only thought is focused on the presentation to FERC on the 24th.
The solutions you have identified are all at the state level.  Can we put in
something to address what the FERC can do?  I am not sure what it is, but
maybe it would include expeditious approval of projects to and WITHIN
California that have been filed with FERC, as opposed to PG&E and SoCalGas
projects, which would be within the province of the CPUC.  Something to think
about.


Its working.  I love you alot.

 -----Original Message-----
From: 	"Tonya Farmer" <tjfarmer@houston.rr.com>@ENRON [mailto:IMCEANOTES-+22Tonya+20Farmer+22+20+3Ctjfarmer+40houston+2Err+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, September 26, 2001 2:15 PM
To:	Daren Farmer
Subject:	Hi

Hi honey  - got a weird message on rr.  I  am typing out those scriptures for NEON and thought I would make sure this is  working ... Let me know

Love you


Lisa,

I have changed the above mentioned tags to the following 27662 and 27665 based on the new information that Carrie @ Powerex.


---------------------- Forwarded by Amy Fabian/Corp/Enron on 08/14/2000 02:32
PM ---------------------------

RAISLERK@sullcrom.com on 08/11/2000 12:09:12 PM
To: clong@enron.com
cc:

Subject: Memo

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Update on Last Week.doc


Please note: This e-mail is confidential and may also be privileged. Please
notify us immediately if you are not the intended recipient. You should not
copy it, forward it or use it for any purpose or disclose the contents to any
person.
-----------------------------------------------------------

Dear Justin,

As discussed, please find attached our paper providing answers to the
additional 5 questions on LME contract marketing posed by your e-mail of 25
September.

If you have any other questions, please contact me.

We will now proceed to complete our comments on your initial inquiries as
indicated in the conclusion of our 19 September paper.

All the best,

Ned

------------------------------------------------------------
Simmons & Simmons
21 Wilson Street
London
EC2M 2TX

Tel +44 (0)20 7628 2020
Fax +44 (0)20 7628 2070
DX  12 London/Chancery Ln

An international law firm
London Paris Brussels Lisbon Milan Rome Abu Dhabi Hong Kong Shanghai New York

A list of partners at each office can be provided on request.

www.simmons-simmons.com

www.elexica.com is the award winning interactive online legal resource by
lawyers for lawyers, powered by content from Simmons & Simmons.

 - 65; 6787EA - Enron Metals Part 30 Memo C.doc


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 05/23/2000 09:28 AM -----

	JEveling@milbank.com
	05/23/2000 06:49 AM

		 To: sdwyer@enron.com, mabboudy@enron.com, aedgley@enron.com,
mevans@enron.com, plord@enron.com, baiken@enron.com, bglisan@enron.com,
mike.jakubik@enron.com, jbadillo@enron.com, jginty@enron.com,
donette.dewar@enron.com, alvaro.camarero@enron.com, sschard@enron.com,
dscott@dlj.com, rcabes@dlj.com, scott.sefton@enron.com,
carol.st.clair@enron.com, dhemsey@dlj.com, jball@dlj.com, pwoodbur@dlj.com,
rpiskadl@dlj.com, nora.dobin@enron.com, bherman@dlj.com,
melissa.p.allen@arthurandersen.com, cclementdavies@velaw.com,
jeldredge@velaw.com, smacgibbon@velaw.com, tchandler@velaw.com,
acurry@velaw.com, mschimberg@velaw.com, mkidwell@velaw.com,
awright@velaw.com, eosterberg@velaw.com, mrh@mm-brig.mottmac.com,
jl1@mm-brig.mottmac.com, bryony.juffkins-u@db.com, craig.orchant@db.com,
robert.mohamed@db.com, ross.newman@db.com, eddy.altenhoven@db.com,
deirdre.breheny@db.com, damon@rlf.com, gunter@rlf.com,
mhagopia@linklaters.com, opetrovi@linklaters.com
		 cc: TSiebens@milbank.com, PFletcher@milbank.com, TDavis@milbank.com,
BKayle@milbank.com, LKeene@milbank.com, FKneip@milbank.com,
FPuleo@milbank.com, ERayner@milbank.com, MWilson2@milbank.com,
AWalker@milbank.com, JEveling@milbank.com, DLamb@milbank.com,
SRivers@milbank.com
		 Subject: Project Margaux - Revised Transaction Documents List

Please find attached below a revised Transaction Documents List for Project
Margaux, which reflects the current status of the principal documents.

Regards

James Eveling

 <<#20041183 v5 - Schedule of Transaction  Docs.doc>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - #20041183 v5 - Schedule of Transaction  Docs.doc


Yes!

Lindabgo@aol.com on 10/10/2000 04:50:34 PM
To: jeff.shankman@enron.com
cc:
Subject: test

This is a test to see if I have your address right.  Linda


Dear Trading and Risk Exec: I've attached the premier issue of our newest
publication covering the traded energy markets-- The Risk Desk --sister
publication to our leading weekly, The Desk. The attached issue (a PDF file)
is of course free and has zero obligation.
The publication was created in response from readers like you, who requested
a less dense, more upbeat and generally more readable publication dedicated
to original news, analysis, and commentary on price, credit, operational and
market risk management in the evolving energy trading space.
And, because you're either a current or recent subscriber to one of our other
publications, we're offering you a very special charter rate to our new
publication -- that is if you contact us before May 27th. Contact us in the
next 30 days and subscribe to a full year of The Risk Desk for only $199!!
After May 27, we will of course ratchet up the price, good capitalists that
we are.
But for now, enjoy your free, no-obligation issue to The Risk Desk. We look
forward to hearing from you, soon.
Regards,
John Sodergreen

John Sodergreen
Editor-in-Chief
Scudder Publishing Group, LLC
ph: 410/923-0688
fax: 410/923-0667
johns@scudderpublishing.com
The Desk, The Risk Desk, Power Executive
The Bandwidth Desk, Energy eBusiness
 - April27.01Risk.pdf


A meeting has been scheduled on 3/16 with the California Fish and Game to
discuss the following issues:  1)presentaiton of the 1999 and 2000 annual
reports which are required by the facility's 2081 permit. 2) developing an
agreement with F&G as to how the 41 acre credits held by EOTT will be managed
to ensure compliance with requirements of the F&G. 3) Presentation of the
results relating to surveys conducted in the path of construction for the
Rogas project.

The waiver to lay pipeline above ground for the Rogas constsruction was
approved by the Offfice of the State Fire Marshall, Pipeline Safety
Division.  There were 8 city, county, state and federal agencies notified by
application for approval to construct the 9 mile pipline system consisting of
3 piplines.  This is the only agency approval received as yet.

Acre credits were obtained from Aera for the construction of the Rogas
pipeline.  Aera is an oil company with major holdings of acreage available
for purchase.  It was felt that due to the time constraints for initiating
this project and the concern with not receiving the credits from the F&G that
EOTT would purchase Aera credits to ensure procurement of the necessary
acreage for the Rogas project.  This is a major plus for the project.

The rough draft of the baseline noise survey for the turbine installations in
Az. was received.  Some changes will be made in each document.,  as the
contractor has made some obvious conclusions and asumptions which are not
valid or representative of the mitigation Transwetern will do.  The Navajo
Nation has requested that an onsite survey be conducted at the C/S on the
reservation (C/S 3 and 4)  for T&E plants and animals and archeology.  A
contractor has been notified and surveys will be completed by 3/12. The F-1
environmental report  for the FERC application will be submitted to Donna by
this friday.

The air permit applications for C/S 1 and 2 have been started.   A meeting
with EPA in San Francisco has abeen set to discuss permitting the C/S
facilities on the reservation on 3/20.  After the meeting, applications
should be in front of the Navajo air permitting agency and the EPA within a
week. Air permits are expected  within 5-7 months after submittal of the
application.  During a conference call this week, a proposal was submitted to
remove the existing auxillary generators and replace with 2 units at each
location.  This will delay submittal of the air applications 3-4 days,
assuming no major issues result.  One interesting issue that might develop is
that one of the generators might possibly be a wind turbine.


Hello all,

	This is a FYI.  Joe Hartsoe thought you might be interested in these documents.  This is the direct testimony that was filed with FERC on 7/13/01 in El Paso v. CPUC (RP00-241).

Thanks,

Mike V.


At approximately 4 a.m. our time this morning, the attached press release was
issued by DPC in India.  If you require additional information please feel
free to contact me at ext. 66423 or during Sunday at home (713-572-9556) or
cellular (281-948-7273).


Gwen,

My new address is:  958 W. Cuyler Apt 1S
   Chicago, IL  60613

Let me know if you need any additional information.

Thanks,
Robin

Gwendolyn Gray@ENRON
03/05/2001 09:46 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: New Address

Do you have your new address in Chicago yet?  If so please let me know so
that I can update SAP.  Thanks.


No sound.  only picture,

>>
>>
>>
>>        Think again.  Download
>>
>
>

 - Assholes.jpg


Here is second related article
----------------------------------------------------------------------
This article was sent to you by someone who found it on SF Gate.
The original article can be found on SFGate.com here:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/12/15/M
N5101.DTL
----------------------------------------------------------------------
December 15, 2000 (SF Chronicle)
Power Board's Industry Ties May Be Cut/Federal regulators consider making
deregulation's creation independent
Susan Sward, David Lazarus

   As power prices skyrocket and California reels from the threat of
blackouts, the agency charged with overseeing the state's power grid has
come under increasing attack, and federal regulators are poised to order
sweeping changes in its governing board.
   Ever since the Legislature created the California Independent System
Operator four years ago, critics have lambasted the agency, saying it is
dominated by the power industry and does not have ratepayers' interests at
heart.
   Criticism of the ISO has grown as electricity reserves have dwindled and
as the agency has initiated statewide energy alerts that have required
hundreds of businesses to cut back their operations.
   "There are people on the ISO governing board who have a direct financial
interest in the policies they set," said Severin Borenstein, a professor
of business administration and public policy at the University of
California at Berkeley and the director of the University of California
Energy Institute.
   Today, the Federal Energy Regulatory Commission is expected to issue a
ruling that would remake the ISO's 26-member board, which includes
representatives of three investor-owned utilities, four municipal
utilities and two power generators.
   From its high-tech headquarters in Folsom -- reminiscent of NASA's mission
control center -- the nonprofit ISO essentially acts as traffic cop for a
power system that serves three-quarters of the state.
   Responsible for assuring a stable source of electricity, the ISO has the
authority to initiate emergency alerts and, if need be, rolling blackouts
if supplies drop to near nothing. By law, the utilities and power
generators must comply with ISO directives.
   Last month, federal regulators proposed an order calling for the ISO board
to be replaced by seven independent members. The new board would be
selected by the current ISO before it was replaced.
   Striving to restore order to the state's turbulent electricity market, the
commission said an overhaul of the ISO's management would be an important
first step toward easing the burden on consumers. CREATURE OF DEREGULATION
   The ISO was created as part of the Legislature's deregulation of the
state's electricity market in 1996. The Legislature set up the ISO as a
"stakeholder board" with designated seats for participants in the energy
marketplace.
   The theory was that those involved in the industry would be best able to
guarantee reliable electricity for the Bay Area and the other ISO-served
areas in California.
   "It was designed to be as neutral as possible," said Michael Shames,
executive director of the Utility Consumers' Action Network in San Diego.
"If anything, it's turned out to be far too cozy with power generators."
   State Sen. Debra Bowen, D-Marina Del Rey, said lawmakers were told that
the deregulation blueprint they adopted in 1996 was a better alternative
than more sweeping proposals being considered by the state Public
Utilities Commission.
   Lawmakers were reassured at the time that the deregulation plan, which was
intended to lower power prices by increasing competition, had the full
backing of utilities, including Pacific Gas and Electric Co., power
generators and large users of electricity.
   "You have to remember that the political climate was different then," said
Bowen, the author of a pending measure replacing the existing ISO board
with one appointed by the governor and independent of the industry.
   "We had a Republican Assembly and a Republican governor (Pete Wilson) with
(his) appointees on the PUC with a free market point of view," Bowen said.
"The bargaining position of the ratepayers and consumer groups was not
strong." PRIVATE COMPANIES' LEVERAGE
   Doug Heller, assistant director of the Foundation for Consumer and
Taxpayer Rights, said the Legislature set up the ISO the way it did
because "it and the regulators were so transfixed with the idea of the
free market that they ignored the tremendous leverage they were handing
over to the private energy companies."
   He added, "Because the ISO has a mandate to keep the lights on and procure
power when the utilities are short, this energy industry-dominated board
has used its mandate as justification for gouging consumers."
   If the prices currently being paid for electricity are sustained over
time, Heller said ratepayers would have an average monthly bill of $620
and a small business paying a $1,000 monthly electricity tab could see its
bill jump to $10,000 based on current energy market prices.
   Federal regulators almost certainly will not let this happen. They are
expected to announce measures today intended to keep wholesale prices
stable and thus protect users from sharp increases in their power bills.
   The ISO is currently chaired by Jan Smutny-Jones, executive director of
the Independent Energy Producers Association, a trade association whose
members generate about 24,000 megawatts of power in California.
   The board's members include representatives from two power generators,
Dynegy Inc. and an affiliate of Florida Power and Light; the state's three
investor-owned utilities, PG&E, Southern California Edison and San Diego
Gas and Electric; and four municipal utilities serving Los Angeles,
Sacramento, Silicon Valley and several Southern California communities.
   UC's Borenstein said the ISO board should be constituted along the lines
of New England's power agency where "you go out and find independent
experts in power, finance and economics. New England has had its ups and
downs, but I think there is a trust the New England board is acting in the
best interests of consumers." POWER PRICING GATEKEEPER
   Mike Florio, an attorney for The Utility Reform Network in San Francisco
and a member of the ISO board, said that although the composition of the
ISO board is only one element of the California energy crisis, the ISO "is
at the crux of the matter because it establishes and administers the state
market rules that determine how pricing gets done.
   "The ISO has been a law to itself -- with its attitude being: 'We keep the
lights on, we know what's going on and others should butt out,' " he said.
   If federal regulators order an overhaul of the ISO today, "that may just
be the beginning of the battle," Florio said. "If the changes they order
don't offer customers relief from the extremely high prices, TURN and
others will call for the state to buy the transmission system from the
utilities as a means of wrestling back control from FERC."
   For his part, the consumer network's Shames is proposing a merger of the
ISO and the California Power Exchange, which coordinates the wholesale
market, thereby creating a "superagency" with full powers of oversight and
enforcement.
   Yesterday, the idea of making the ISO board independent picked up some
utility support as well. PG&E, which serves millions of customers in
Northern and Central California, issued a statement that "to restore
public confidence, we agree with state and federal officials that the ISO
board needs to be independent."
   In any case, the ISO is not without its defenders. Barbara Barkovich, an
ISO board member who is a San Rafael consultant to large industrial
customers, said some of the criticism of the ISO has been unfair.
   "There are larger market forces at work here: Clearly, we have a tight
supply situation compared to demand -- which means there will always be
upward pressure on prices," Barkovich said. "We have had a situation where
prices out of state have recently been very high, meaning when anyone is
selling, they will go where prices are the highest." POWERFULLY NOBLE
CAUSE
   For its part, she said, the ISO "has seen its role as doing everything it
could to keep the lights on rather than have blackouts."
   Others say the ISO simply does not have sufficient enforcement powers to
make its orders stick in a volatile energy market.
   "The ISO is a flawed institution, but it is not responsible for the
shortages," said Shames of the Utility Consumers' Action Network.
   Such assertions do not halt the drive to reform the ISO's makeup.
   Assemblyman Fred Keeley, D-Monterey, is the author of one of several bills
now pending in the Legislature that would give Gov. Gray Davis authority
to appoint both a new ISO and a revamped Power Exchange.
   But he cautioned that if an ISO restructuring is all that happens, "We
might as well do nothing. It is only one element of the solution." MORE
REFORMS NEEDED
   Keeley said that for California to work through its energy crisis, several
major reforms must be put in place, including energy conservation moves,
as the state's population climbs by as much as 600,000 a year.
   One area crying out for attention, Keeley said, "is the demand side of the
market. When California found itself in an energy crisis in the 1970s, it
took good action on solar, renewable sources of energy, pricing and tax
actions in the law and do on."
   But he said that many of those changes have been tossed out or whittled
away in the intervening decades.
   The Legislature also needs to look at the possibility of "the public
having some generation assets under its control -- for example, the
hydroelectric assets PG&E now has up for sale," Keeley said.
   "PG&E's assets on Northern California rivers is the largest group of
hydroelectric assets under one ownership in the state," he said. "Public
ownership of these hydroelectric assets is preferable to private ownership
because those assets in public ownership would mean lower rates for
consumers."
   Whatever course the Federal Energy Regulatory Commission and state
lawmakers take, the stakes are undeniably high.
   "If this conflict is allowed to continue," Bowen wrote FERC Chairman James
Hoecker last month, ". . . then we have failed our duty to Californians."

California Power ShuffleHere is how California's electricity distribution
system is set up and what steps the regulatory body can take in times of
extreme need..ISO statsVolume: 164 billion kilowatt hours a year Size:
124,000 sq. miles, or 75 percent of state.Day-by-day shortage The ISO
forecasts electricity usage throughout the state and monitors actual peak
usage..Stages of emergencyThe stages of electrical power emergencies in
California:Stage 1: Declared when the state's operating reserves of energy
dip below 7 percent. All power consumers are asked to conserve
energy.Stage 2: Declared when operating reserves fall below 5 percent.
Customers who have gotten lower rates for agreeing to go off-line when a
power crunch hits are ordered to reduce or shut off their power.Stage 3:
Declared when operating reserves fall below 1.5 percent. Rotating
blackouts could result, with power to different areas temporarily cut
off..COMPANIES THAT OPERATE WITHIN THE ISO:Pacific Gas & ElectricSouthern
California EdisonSan Diego Gas & Electric.Independent System OperatorA
not-for-profit corporation that ensures a competitive market for
electricity and controls the integrity of the state's strained power
grid..Remedies for a Stage 3 alertThe ISO can order the state to conserve
power during a Stage 3 alert by:Asking large facilities, such as a mine or
water pump, to shut down for a day to lessen demand. .Depriving some areas
of power in order to maintain others by initiating rotating blackouts or
brownouts -- temporary sags in power..Source: California Independent
System OperatorAssociated Press Graphic
   Chronicle research librarian Johnny Miller contributed to this report. /
Email Susan Sward at ssward@sfchronicle.com and David Lazarus at
dlazarus@sfchronicle.com.
----------------------------------------------------------------------
Copyright 2000 SF Chronicle


----- Forwarded by Maureen McVicker/NA/Enron on 01/12/2001 02:08 PM -----

	Karen Denne
	01/12/2001 09:45 AM

		 To: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Linda
Robertson/NA/Enron@ENRON, Peggy Mahoney/HOU/EES@EES, Maureen
McVicker/NA/Enron@Enron
		 cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron
		 Subject: California Power Failure

Please see attached editorial, which ran in yesterday's New York Times and is
in today's Houston Chronicle.  We are distributing to all key media who have
been covering California energy.

SF team -- Please distribute to all legislators, trade and industry
organizations,  etc.
Linda -- Please forward to Quinn Gillespie to distribute in Washington.
Maureen -- Please distribute to the internal GA team.

Thanks.
kd

Editorial Desk; Section A
Essay
California Power Failure
By WILLIAM SAFIRE

01/11/2001
The New York Times
Page 31, Column 1
c. 2001 New York Times Company

LOS ANGELES -- In the past decade, California has become the most Democratic
state in the nation. It has a Democratic governor, two liberal Democratic
senators, and both houses of its legislature are firmly in Democratic hands.
Not for nothing is it called the Left Coast.
Then why, Californians now ask themselves, is their state the most troubled
in the nation? Bad enough that Hollywood's writers are preparing to strike;
worse that speculators in Silicon Valley start-ups are watching their stack
of chips dwindle; worst of all is the unforeseen electricity shock that is
making the state's hair stand on end.
The price of electricity is soaring, yet the big electric utilities are
threatened by bankruptcy. Who's to blame?
The chosen villain: deregulation. As soon as cruel market forces were allowed
to work, cry liberal voices, those heartless capitalists drove up prices.
Bring back the cool, calm days of inefficient monopolies under government
control.
But in fact, the first villain is botched deregulation -- not as bad as in
Russia, but 'tis enough, 'twill do.
California's politicians deregulated halfway, which is the worst way:
wholesale prices were freed from controls, but retail prices were not.
Consumers remained seemingly protected, but the utility companies -- which
foolishly thought wholesale prices would go down forever -- were enabled to
buy on the spot market. Legislators believing they were protecting consumers
forbade long-term contracts, which are hedges against sudden price
fluctuations.
This halfway dereg ran smack into the inexorable law of supply and demand.
The good times of the 90's sharply increased demand for electric power. But
all sorts of obstacles were put in the way of increasing the supply of that
power.
Result: upward pressure on prices, calls for rationing, utilities going
broke, government intervention that frightens off private investment, and the
danger of an economic Big One in the state responsible for 13 percent of the
nation's product.
The unspoken issue in this bastion of liberalism is ''nimby'' -- the real
villain in the current supply crisis, that says ''not in my backyard'' to
power plants. In San Jose, epicenter of the computer industry's drain on
electric power, New Economy voters recently rejected a new power facility
that offended their aesthetic sensibilities. Red tape and purple rhetoric are
the reasons no major power station has been built in California in 10 years.
Contrary to popular belief, electricity does not come from the socket in the
wall. The steady flow of low-cost power comes from factories that convert
energy from other sources into the stuff that makes toasters pop,
air-conditioners wheeze and computers beep. Unless energy is dug up and
produced in real places and transmitted through real lines, nothing comes out
of the wall.
Environmentalists recoil in horror at suggestions of nuclear power, now a
safe and clean source of electricity, or the use of cleaned-up coal to lower
the price of natural gas that generates it. Reducing pollution sensibly is
laudable, but clean-air extremists become local heroes without telling
constituents the danger of loss of Intel jobs and cheap electricity's
household convenience.
The answer is not re-regulation, nor more halfwayism, nor federal bailout.
When Gov. Gray Davis of California raced to Washington, D.C., to ask for
wholesale price controls, he found Bill Clinton too busy carving up Jerusalem
to mediate; Clinton-appointed federal energy bureaucrats offer only
palliatives, with photo op to follow.
Davis's panicked proposal to build state-owned plants (in Nevada? On the
moon?) and his threat to seize the assets of ''price gougers'' may please
some new breed of dot-communists. But such populist pap destroys private
incentive to invest and is hardly the path for a presidential hopeful
professing to be a centrist.
After short-term action to alleviate hardship caused by past and present
political-industrial blindness, our biggest state should avoid regressing
into more stultifying regulation and instead get out of the way of
stimulating supply.
Why do I sound like a reformed drunk on this? Because I wrote the Nixon
speech imposing wage and price controls. They never work in peacetime. Never.

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


Hi Kent,

I can get a redline done for you if you want to tell me what it should be
redlined against.

I don't know about getting rid of the requirement for the inhouse counsel
opinion.  Maybe after you look at things we can discuss it.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 03:08
PM ---------------------------

"Thompson, Peter J." <pthompson@akllp.com> on 04/02/2001 04:56:21 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>

Subject: Salmon Energy Turbine Agreement

 Attached please find the latest Salmon Energy Turbine Agreement
(second document below), as well as a blackline (first document below)
showing changes made to the version circulated last Friday.  Pursuant to
your instructions, the performance values in Article 10 are per the 24
Unit master agreement.  In addition no changes have been made to the
Maximum or Unit Liability Amounts or payment schedule. To complete the
agreement, we will need to insert the date of execution and Exhibit H-2.

 <<Comparison of Versions 2 to 3 of Salmon Energy Agreement.DOC>>
<<Salmon Energy Agreement - Version 3.DOC>>
 - Comparison of Versions 2 to 3 of Salmon Energy Agreement.DOC
 - Salmon Energy Agreement - Version 3.DOC


Could you please make sure that everyone in the office has this call-in
number.  It's a daily call to discuss
California's electricity crisis.  Thanks very much.

call-in: 800.998.2462
code: 4912753


depends on the legal outcome.  thhere is still a possibility we get all of our money back, although a roe of 0% for 10 years.  Still, a better roe than broadband investments

-----Original Message-----
From: Fraser, Jennifer
Sent: Thursday, October 04, 2001 8:33 AM
To: Arnold, John
Subject: ENE is a Buy

dabhol will be written down before it is sold.

 <<00021579.PDF.pdf>>


would they sell the intrastate pipleine to an interstate pipeline and use the
cash to pay bad debts?  Also, is distribution unbundled from retail sales?

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/21/01 04:03 PM

		 To: Richard Shapiro/NA/Enron@Enron, Tom Briggs/NA/Enron@Enron
		 cc:
		 Subject: California Concessions/Price Caps

Tom:  Apologies.  I'm wrapped up, but will try to come up with more.  Three
things that come to mind:

1. Seems important that any price cap include a hard sunset date.
2. Direct Access for all customers in California should be a concession.
3. Dramatic commitment from California to substantially upgrade the in-state
gas transportation network (fyi: it may  be in worse shape than the electric
tx network--can build more plants, but if one can't get the gas to them.....)

Best,
Jeff


Per my voicemail.

I'll be seeing Barton today in Austin and will make these points as well.
 -----Original Message-----
From: 	Shelk, John
Sent:	Thursday, September 27, 2001 8:07 AM
To:	Kean, Steven J.; Shapiro, Richard
Cc:	Robertson, Linda; Novosel, Sarah; Nersesian, Carin
Subject:	Barton Talking Points

Here are Barton talking points per our conversation last night.  We will separately send a favorable Washington Post article on FERC's meeting yesterday as it relates to RTOs.


On Friday, December 28, 2001, the Office of Ratepayer Advocates ("ORA") filed a motion requesting that the Commission suspend the procedural schedule in the SoCalGas/SDG&E 2003 BCAP.  ORA also requests that the time to respond to its motion be shortened to ten days (Jan. 7).
ORA's motion comes in the wake of the Commission's final decision in the Gas Industry Restructuring proceeding, Decision ("D.") 01-12-018, which was voted out on December 11, 2001.  As you know, that decision adopts the Comprehensive Settlement Agreement ("CSA"), to which Transwestern is a party, with modifications.  SoCalGas and SDG&E have notified the Commission that they will need to file revised BCAP applications (and supporting testimony) to reflect the impact of the CSA.  SoCalGas has not given a date certain for the submission of its revised application, but hopes to provide that information to the Commission by mid-January. SDG&E plans on submitting its revised BCAP application 15 days after SoCalGas makes its filing.
In its motion, ORA requests that the Commission suspend the procedural schedule in the BCAP, under which ORA is scheduled to submit its "report" (direct testimony) on March 22, 2002, until after SoCalGas and SDG&E have submitted their revised applications.  After SoCalGas and SDG&E make their filings, the Commission would convene a second pre-hearing conference to adopt a new procedural schedule.
It is unlikely SoCalGas will submit its revised BCAP application before the end of January.  If SDG&E takes another 15 days to submit its revised application, that would leave a month, at most, under the current schedule for ORA to prepare its report.  That is not enough time for ORA to get its act together, especially given the two cost allocation methodologies which may be at issue in the BCAP.  Thus, it is very likely the Commission will grant ORA's motion.  At a minimum, the ALJ will establish a new schedule after SoCalGas informs the Commission of the date when it will submit its revised application.
ORA's motion does not raise any substantive issues.  The fact of the matter is that the procedural schedule in the BCAP is going to slip even more as a result of adoption of the CSA.  How much it will slip primarily depends on how quickly SoCalGas prepares its revised application.  Accordingly, we do not believe it is necessary for Transwestern to respond to ORA's motion.
Please do not hesitate to call or write if you have any questions.
--- Gregory Klatt
--- Law Offices of Daniel W. Douglass
--- Direct Dial:  (626) 991-9455
--- Email:  klatt@energyattorney.com


Hey Ashley:
Please give me a call at 713.853.7998, which is my work phone at Enron.  I
look forward to talking to you about Enron.
Regards,
Ben


Daren.  Sorry I forgot to include you
---------------------- Forwarded by Kimberly Vaughn/HOU/ECT on 12/21/99 01:33
PM ---------------------------

	Kimberly Vaughn
	12/21/99 02:01 PM

To: Janet H Wallis/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT
Subject: HL&P

Janet.  I am back from vacation.   I have updated the HL&P flow MTD.   Jill
told me that on the 18th,19 th and 20th the San Jac. nom  should be 29,209.
Is this correct?  We'll need to change sitara.  I have had scada problems at
Meter 1401.  Gas Control has given me a verbal  from the 14th on.  I will
monitor scada and adjust as necessary.  Let me know if there is anything else
that I can do.  Thanks.


Maybe this will help cheer you up - I know how much you love cats!
---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/18/2000 03:26
PM ---------------------------

	From:  Jared Kaiser                           10/17/2000 03:10 PM

To: John Craig Taylor/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Susan W
Pereira/HOU/ECT@ECT
cc:
Subject: Fw: cat clip............

---------------------- Forwarded by Jared Kaiser/HOU/ECT on 10/17/2000 03:10
PM ---------------------------

"David Kaiser" <davidk@spawglass.com> on 10/17/2000 08:21:23 AM
To: "Jared @ Enron" <jkaiser@enron.com>
cc:
Subject: Fw: cat clip............

----- Original Message -----
From: Heidi Jo Warnick <hwarnick@spawglass.com>
To: David Kaiser <Davidk@spawglass.com>
Sent: Friday, October 13, 2000 2:28 PM
Subject: cat clip............

> Just  a thought to cheer you up after hauling around all those plans.
>
> Heidi Jo Warnick
> Estimating Secretary
> SpawGlass Contractors, Inc.
>

 - SCCat.MPG


I would like to talk to your partner. Can you give me the info.

 -----Original Message-----
From: 	"John Klauberg" <jklauber@LLGM.COM>@ENRON [mailto:IMCEANOTES-+22John+20Klauberg+22+20+3Cjklauber+40LLGM+2ECOM+3E+40ENRON@ENRON.com]
Sent:	Sunday, September 23, 2001 9:03 PM
To:	Sanders, Richard B.
Subject:	Bid/Ask Lawsuit

Richard:  One of my litigation partners mentioned to me the other day that he had seen that Enron recently had been sued by Bid/Ask LLC in the Eastern District of Texas. I assume that this type of case would fall under your "jurisdiction."  (Just what you need, another lawsuit!).

Apparently, this caught my partner's attention because he recently had been considered as litigation counsel by another company that had been sued by Bid/Ask for infringement of Bid/Ask's patent and, in that respect, had done a considerable amount of diligence on Bid/Ask's patent and its patent application history. (This lawyer is a patent litigator).  He surmised that the lawsuit against Enron might be somewhat along the same lines; however, I don't know whether or not this is the case or not.

Since the action was brought in Texas, I assume that you are (or will be) using one of your Texas outside counsels to assist you.  Nonetheless, I thought I would just mention this prior diligence to you on the off hand chance that it could be of some assistance to you or your outside counsel, at least in terms of getting a download of any information that we may be able to impart in the event the case is very similar to this previous one.

I hope that you are doing well (or as well as can be expected with everything you have going on).  Congratulations on the resolution of the CA Senate investigation proceeding.  Let me know if you want to follow up at all on this.  If I don't talk to you before then, hopefully we can catch up for a few minutes at the ENA Legal Conference in two weeks.

John

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

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


Please address, and I'll check with Legal as well.  We typically only book
deals when everything is signed off.  Jeff
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/26/2001 11:58 AM -----

	David Hoog
	01/26/2001 09:37 AM

		 To: Jeffrey A Shankman/HOU/ECT@ECT
		 cc:
		 Subject: multi-trigger option contract

following up on our discussion yesterday; for these types of deals, i dont
think its necessary to have all the documentation of our counterparty's
authorization to enter into the agreement.  these are short term transactions
and requiring this documentation will cause us to lose business because
competitive alternatives do not have such burdensome requirements.

the primary reason we need these things is for the scenario where a muni does
a derivative deal with an open-ended downside, loses $50 million, and then
claims that it was not a valid contract.  in our case, they are only
hedging.  we are collecting a premium up front and their total cost is known
up front.  therefore they will not attempt to make this claim.  even if they
did, our risk is limited to the premium , not some big payout.

the risk of losing business is far greater than the risk of a counterparty
trying to get their premium back.  seems like a 5 second decision to me.

is it possible to combine the standard isda and our confirm into a single
long form?  by going away from the standard isda maybe we can eliminate these
requirements because the payout liability is only 1-way.


Eddie Gaetchens (?), Marty, and Kevin from Man are coming down Wednesday if anybody is up for dinner or drinks