Well, Well, Well,
I am writing this note to all the smack talking coonass LSU fans who enjoy
banging on The University of Texas Longhorns with smug smack like
"Overrated, Overrated".
I usually use the BCC field when sending smack notes like this so everybody
won't get barraged with weak Reply All's from recipients who think they can
go toe to toe with me in e-mail smack (i.e. Val and his weak shit he likes
to send).
This time is different because I think y'all should know who your fellow
pathetic smack talking LSU fans are.
Y'all can start a new support group - called "Vassigh's College Football
Smacked down Bitches - that got their cakeholes shut by Chris Simms, Cedric
Benson, and Roy Williams et al"
Y'all have dished it all out, so I do not feel bad for rubbing salt into
the fatal wound that Ole Miss delivered you and your team Saturday night.

Here a couple of smack statements made by some if not all of the cajun's
included in this e-mail header.
   "Simms sucks, how could he be a preseason heisman candidate?" - Over his
   last three games, Simms is 59-of-88 (67.0 percent) for 698 yards and 12
   touchdowns passing 2 touchdowns rushing with just one interception
   (176.41 rating).  He has just started about ONE full seasons worth of
   games recently and is coming into his own.  Simms will be a top NFL pick
   as will Roy Williams and Cedric Benson.  I can't think of any College
   Football team in history with the high caliber triple threat that UT has
   with Simms, Benson, and Williams.
   "The SEC is the best conference in football, the Big XII Sucks" - What a
   joke that statement is.
   "LSU would whip UT"  - Yeah right - LSU Could not beat Rice.
   "UT is the most overrated team in college football" - interesting since
   they are higher ranked now in November than they were in the preseason
   polls.
   "Mack Brown can only recruit - he can't coach worth a damn - Nick Saban
   is better" - Mack Brown has one loss - he hasn't lost in Austin since he
   has been coach - while Saban has led LSU to three losses - 2 in the Red
   Stick - just THIS SEASON.

Every college football analyst would agree no conference compares to the
Big XII.
The BIG XII have 3 TEAMS RANKED IN THE TOP 5 early November - unbelievable!
Two of the top ranked BIG XII team's only losses were to the other top
ranked BIG XII school.  UT loss to OU and OU loss to Nebraska.
The only way the best teams in the Big XII lose is when they have to play
against each other.
The highest ranked SEC team (Florida) lost to Auburn which lost to pathetic
Arkansas.

All football players worth a damn have left y'alls God Forsaken state.
Peyton to Tennessee, Marshall Faulk to SDSU, the newest Manning to Ole Miss
that just whipped up on y'alls 3rd world state university in the Red Stick
on national television on a cool October Saturday night.
Cajuns like Jake Delhomme and Bobby Bouchieaux stay in Lousyanna to play
college ball though - that's some encouraging news for y'all.
I can't think of one LSU player that has ever done shit in the NFL.
NFL teams have gotten screwed every time they drafted a Lousyanna State
football player.
David Lafleur, Kevin Faulk, Harvey Williams, Eddie Kennison - the list goes
on and on.  It is really pathetic.
Texas has just RECENTLY produced dominating hausses like Ricky, Tony
Brackens, Dan Neil, Shaun Rogers, Leonard Davis, Priest Holmes, Blake
Brockermeyer, Bryant Westbrook, and many others.  Look at Eric Metcalf in
his first game back to the NFL for the Redskins - breaking NFL records.
Texas players are magic baby.
Not to mention legends like the Tyler Rose, Tom Landry, Bobby Layne, and
Tommy Nobis

I hope y'all enjoy Shreveport on a cold December night while y'all attend
Lousyanna States bowl game against Fresno State at the Independence bowl.
At least you can enjoy the New Years holiday by watching the NFL like
offense of The University of Texas Longhorns play in a BCS bowl and God
willing with some magic from TAMU over the Texas Traitor filled roster of
OU and some other help - watch UT vs. Miami in the Rose Bowl.

I guess that smack from Elliot saying Rohan was better than Simms seems
pretty foolish to you now doesn't it.
That dude needs to play linebacker if he wants to get in the NFL.  He might
have a decent arm but he has no clue in the pocket,  The difference between
how Eli Manning ran the passing game and Rohan did for LSU Saturday night
showed LSU's deficiency at the QB position.  Fumbling, bumbling, stumbling
is the best way to describe his play.

CKL - you better buy your family Christmas gifts from the dollar store
because you need to save your money to pay on the $500 bet you made with me
the night of Val's wedding in that little bar in Natchez, Mississippi.  You
boldly put your soon departed money where your mouth was all night, since
all you were ranting was "tiger bait, tiger bait" any time I was trying to
tell you how UT would whip up on LSU like the 3 lesser ranked teams have
already done this season.
The bet for $500 was to go to the person whose team would be ranked higher
at the end of the 2001 College Football season: Me = University of Texas
You =  LSU.
Well since UT is in the top 5 and with a worst case scenario would not
finish out of the top 15 this year and the fact that LSU will not even
finish the season ranked - you need to start saving your extra pocket cash
- or we can work out an installment plan.
Lenhart was a witness as well was another of Val's amigos (I forgot the
name but know the face).

It looks like history will keep on repeating itself with the Great State of
Texas always being superior in every facet over it's little cajun neighbor
to the east - Lousyanna.
Texas has the winningest NFL team of all time in the Dallas Cowboys, the 3
time champions and top 4 ranked Texas Longhorns.
Conversely Lousyanna has the losingest NFL team of all time in the Aints,
and the doormat of the pathetic SEC west Lousyanna State university.
The last Governor of Texas is the President of the United States and leader
of the free world.
The last Governor of Lousyanna is in prison licking Boudreaux's balls for
the next 15 years or so.
And the bottom line is that y'all are in my State working because there are
no jobs outside of casinos and bars in Lousyanna

Even the only bright spots in the pathetic history of y'alls only
professional sports franchise is provided by Texas players - Earl Campbell
and Ricky Williams.

He who laughs last laughs best.
Man this note is a classic.  I think I will be sending it to Jim Rome.

Hook 'Em

Val forward this note all over the Red Stick and all over that God Forsaken
land east of the Sabine.
The Truth shall set your people free.

Brian

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.


The following is the weekly deal report covering 4/19 - 4/25.


Attached is a clean copy of the final enovate risk management policy.  My
goal is to get this executed today.  Janet, it requires your signature as
Board member.  Kay Mann and Jeff Hodge in legal have reviewed the policy and
Jeff has provided a memo indicating his approval.  Kay will be initialing the
signature pages.  Vladimir Gorny in ENA risk management, and the enovate
Chief Risk Officer, has also reviewed the policy and has recommended
approval.  He will be preparing a memo to the Board documenting his
recommendation.  If you have any questions regarding the content of the
Policy, give me a call and we can discuss it.

Thanks,

Gregg

Kay - You can fax the initialed signature pages to Christy Chapman at
713-646-4940.  On your cover sheet please let her know to make copies first
so that we can get duplicate originals.  Thanks.


Guys, gas with a $5.00 handle is not a good thing for this deal - I know we
are pushing this restructuring as fast as we can; however, I think we need to
determine how to move this faster. Any ideas?

Regards
Delainey


-----Original Message-----
From: 	<stephanie.s.williams@us.pwcglobal.com>@ENRON [mailto:IMCEANOTES-+3Cstephanie+2Es+2Ewilliams+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, September 04, 2001 2:33 PM
To:	c.leahy@mail.utexas.edu; sscott5@enron.com
Subject:	Hey!

Hey girls!  I can't believe I missed seeing y'all this weekend!  I'm so
sad............Farrell and I had to leave early the next morning cause he
had work - it's football season!  I told y'all he got a new job, right??
He is the JV Defensive Coordinator at Highland Park!  He loves it!
I would love to get together with y'all soon.  I will be in Austin this
weekend (and for all of the home games).  Are you going to Austin  for the
game this weekend, Susan?  Let's try and make plans to do something!
I can't believe that Elizabeth is engaged - I am so happy for her!  I
called her yesterday and left a message.  Do y'all know any details about
the wedding, etc.?  Chas and Laura have set their date - April 20, 2002!
We are all so excited!
Let me know what y'all's plans are for this weekend!
Miss you!
Steph
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Link to www.ze.com  [IMAGE]  [IMAGE]  [IMAGE] [IMAGE]   [IMAGE] [IMAGE]   Critical Trade Information on a Timely Basis [IMAGE]
   [IMAGE]Price  Views - Market Views - Credit Views      An Unforgiving Market Deciphering and responding to elements driving the changing competitive  power and natural gas markets is an inordinately complex task. The  challenge has proven to be too difficult for even some of the largest  players; those which have appeared to be the most stable and capable.  The plights of Enron, the California Power Exchange, SDG&E and  PG&E highlight the difficulties that sophisticated market participants  and regulators face when trying to manage change. The Enron collapse,  in particular, should drive home the extent of exposure that interconnected  counterparties and market participants face.  The market is impartial and unforgiving. From the biggest to  the smallest; the public and the private, all face similar risks  and have similar needs. The major ratings agencies and the financial  community have begun to focus heavily on the risks and information  requirements of the power industry. 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Decision making in current markets is not easy,  it requires rigorous information extraction, sophisticated data  analysis and application of considerable expert judgment (all  difficult, costly and time consuming endeavors)   Price, Market and Credit View Subscription  Service We believe the service described below provides cost effective  and timely access to information critical to portfolio management,  credit risk management and term trading.  The service will include one ZE Area and the  following,  1. Initial report  Regional background information     Description of the ZE Forward Views development  philosophy and methodology     Description of the credit review system and  ratings methodology        2. 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Long-term views (twenty year);  includes     Yearly average prices for twenty years    Provide probabilistically derived mean  price view and associated bands of uncertainty (5%,  25%, 75% 95%)    Provided for client selected electric  and gas hubs    Detailed explanation of assumptions    Tables and Graphs provided in user  friendly excel sheets    Updated semi-annually    5. Executive market views:     Two page regional review which provides  key perspectives on market events    Delivered monthly     [IMAGE]     [IMAGE]      [IMAGE]  6. Counter-party credit views     ZE PowerGroup uses its software and expertise,  combined with financial and market analysis to develop client  specific credit reviews of counter-parties.     Clients can specify the counterparties that  they wish to have reviewed.    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  [IMAGE]   Link to www.ze.com   [IMAGE] [IMAGE] [IMAGE]   [IMAGE]   [IMAGE]   You received this newsletter because your email  address is on our mailing list. We hope you find our mailings useful.  However, if you'd like your name taken off the mailing list, you  can do so by replying to this email with UNSUBSCRIBE in the subject line.


Dear all,

I'm deeply grateful to you all for your generous help and contribution to our
project of having Japan's Nikkei Business magazine carry a "Enron
Cover-Story" in its April 9th edition.

I received the magazine's April-9 issue today, and confirmed Enron was
carried as a real cover-story with 16 pages in it. It uses 8 pages to cover
Enron and Enron Japan, and uses another 8 pages to discuss other
electricity-deregulation related topics in Japan. The deregulation-related
parts also include stories which are very much supportive to Enron Japan's
messages - such as Japan's electricity prices are 2-3 times higher than the
international average.

The headline of "Enron Arrives" with Enron Logo is on the magazine's front
page, and photos of Enron building and others that we provided are nicely
used in the article.

The article itself is more or less balanced one which is good enough to
introduce Enron to the Japanese audience, though the reporter uses ironic
expressions here and there. The article also includes a column on California
crisis with the jump headline of "the cause of the California problem is not
deregulation, but is miserable design of regulation."

Thanks to your contribution, I believe this project proved a great success,
and the article will successfully raise Enron's visibility in Japan, while
our commercial staff will be able to show this high-profile magazine to their
potential customers and business partners.

Thank you so much again for your time and help, and I will send you full
translations of the article early next week.

I hereby attached some of scanned photocopies of the article.

warm regards,
Mika


so basically what you are saying is that had you had the 3rd pick in the
draft you would have taken r williams

	Enron Capital Management

	From:  David Baumbach                           08/30/2000 11:15 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Williams

No, I think stephen davis will come back to earth this year and I really
think ricky will have a big year.

	Enron North America Corp.

	From:  Eric Bass                           08/30/2000 11:01 AM

To: David Baumbach/HOU/ECT@ECT
cc:
Subject: Re: Williams

just out of curiousity, would you do stephen davis for ricky williams
straight up?

	Enron Capital Management

	From:  David Baumbach                           08/30/2000 10:44 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Williams

I know everyone will think I'm nuts but I want to hold on to Williams and
Moss.

	Enron North America Corp.

	From:  Eric Bass                           08/30/2000 10:04 AM

To: David Baumbach/HOU/ECT@ECT
cc:
Subject: Williams

Stephen Davis, Terry Glenn and Bill Schroeder for Williams, Moss, and Travis
Taylor?


Here's what Delta would like in the Salmon break out contract.  How does it
look to you?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 03:02
PM ---------------------------

"Richard Vicens" <rvicens@deltapower.com> on 04/19/2001 03:12:54 PM
To: <Stephen.Thome@enron.com>, <kay.mann@enron.com>, <CCampbell@KSLAW.com>
cc: "Lang, Gregory F." <gregorylang@paulhastings.com>, "PARKER, Isabel"
<isabel.parker@freshfields.com>, "Anthony Harrington"
<aharrington@deltapower.com>

Subject: GE Turbine Contract Insertion Language

 - Adjustment Language.DOC


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/22/2001
11:19 AM ---------------------------

val.generes@accenture.com on 03/21/2001 07:46:25 AM
To:
cc:

Subject: FW: Girl Without Father

 We need your help. Please read the following:

   Unfortunately, it has become all to frequent that a man will father a
  child and then run off.  Often times without paying any child support.
  The girl in this picture will face many challenges because she has no
  father in her life.  If you know who her father might be, please contact
  the  police immediately.

(See attached file: girl_without_father.jpg)

 - girl_without_father.jpg


On October 15, 2001, the Midwest ISO filed an amendment to
Section 17.5 of its Open Access Transmission Tariff to charge
a fee for non-confirmed transmission service requests for
transmission service greater than one week. Midwest ISO
has requested an effective date December 15, 2001.
Interventions and protests are due November 5.

Let me know if you need further information.

Susan Lindberg
713.853.0596


---------------------- Forwarded by John Arnold/HOU/ECT on 12/27/2000 02:55
PM ---------------------------

Jim Schwieger
12/27/2000 02:49 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject:


To:	     Management Committee Members
From:  Cindy Olson, Beth Tilney and Mark Palmer
The attached is the results of the Focus Groups that we conducted per our action plan from the "Lay it on the Line Survey".  Frank Luntz will be at the Management Committee meeting today to discuss this information.


I am interested in the program for remote control of my thermostat via the
internet.  Please provide me with further information.  Thanks.


ok

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


Mark:

We are trying to set up your PRC meeting in the PEP system and I need
confirmation from you on the list below as soon as possible.

Thanks!

Kathy Mosley

 -----Original Message-----
From:  Neal, Kathy
Sent: Tuesday, May 22, 2001 9:24 AM
To: Haedicke, Mark
Subject: PRC Committee Members - June 4, 2001 Meeting

Mark:

I would like to confirm that the following employees will be included in your
meeting scheduled for June 4th:

Alan Aronowitz
Barbara Gray
Jeff Hodge
Julia Murray
Travis McCullough
Elizabeth Sager
Richard Sanders
Lance Schuler
Mark Taylor
Sheila Tweed

Please let me know if I have not included someone that should be invited to
this meeting.

In this meeting we will discuss all exempt employees.

Thanks!

Kathy Neal-Mosley
HR Manager
Office:  (713) 345-7803
Cell:     (713) 819-6766
Pager:  (877) 547-6065


---------------------- Forwarded by John M Singer/Corp/Enron on 06/28/2000
07:41 AM ---------------------------

MStiles@eqt.com on 06/28/2000 06:35:42 AM
To: John.M.Singer@enron.com
cc:

Subject: RE: Equitrans Pool

Good morning.   I did locate the pooling agreement request form.   We had
originally talked about mailing these to you but faxing would be quicker.  I
am faxing that to you this morning.   It needs to be completed and faxed
back to us as soon as you can.   Also,  I am faxing a Pool Meter List form
and a Pool Operator Confirmation form (these are also available on our
website (www.equitrans.com) under the Equipath menu option.)

The Pool Meter List form needs to list all meters that you are placing in
your pool.   The Pool Operator Confirmation form will need to list all of
the shippers and their contracts that will be nominating out of your pool.

The Pool Meter List and the Pool Operator Confirmation form will need to be
completed monthly.  Normally these are due to Equitrans 30 days prior to gas
flow.  We will make an exception for August as this will be your first
month.  Try to have the latter two forms to us by mid July.


Julie,

Glad to hear some positive news.  Hope you are doing quite well.  Talk to you
soon.

Kevin


please print - and - can you remind me what I need to do in order to print
spreadsheets?  thanks
----- Forwarded by Sara Shackleton/HOU/ECT on 06/28/2000 11:05 AM -----

	Samantha Boyd@ENRON
	06/28/2000 11:03 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Susan Flynn/HOU/ECT@ECT
		 Subject: Chart of Brokerage Agreements

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


See Dow Jones newswire story at the end
----- Forwarded by Steven J Kean/NA/Enron on 10/23/2000 08:01 AM -----

	Steven J Kean
	10/22/2000 07:31 PM

		 To: Joe Hartsoe/Corp/Enron@ENRON
		 cc:
		 Subject: Enron Mentions

Look at the last article .... any idea what the "rude awakening" might be?
----- Forwarded by Steven J Kean/NA/Enron on 10/22/2000 07:30 PM -----

	Ann M Schmidt
	10/20/2000 07:58 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Meredith
Philipp/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Mary
Clark/Corp/Enron@ENRON, Laura Schwartz/Corp/Enron@Enron, Eric
Thode/Corp/Enron@ENRON, Elizabeth Linnell/NA/Enron@Enron
		 cc:
		 Subject: Enron Mentions

Business/Financial Desk; Section C
Study Finds That Many Large Companies Pay No Taxes
By DAVID CAY JOHNSTON
?
10/20/2000
The New York Times
Page 2, Column 1
c. 2000 New York Times Company
Goodyear, Texaco, Colgate-Palmolive, MCI WorldCom and eight other large
corporations earned more than $12.2 billion in profits in 1996 through 1998,
but none of them ended up owing corporate income taxes over that period,
according to a study released yesterday. Indeed, as a group, the companies
received $535 million in credits or refunds, the report found.
The study of 250 large publicly traded companies showed that 24 owed no tax
or received credits against past or future tax obligations in 1998, up from
13 in 1997 and 16 in 1996. The study also found that 71 of the 250 companies
paid taxes at less than half the official 35 percent corporate rate during
the three-year period.
The study was conducted by the Institute on Taxation and Economic Policy, a
Washington research organization associated with Citizens for Tax Justice, a
nonprofit group supported in part by labor unions. The group argues that the
tax system favors the rich and politically connected.
Corporate profits overall soared 23.5 percent during the three-year period,
but corporate tax revenues grew just 7.7 percent, a disjunction that has
drawn intense interest from the Treasury Department and some members of
Congress who are concerned about the growing market for tax shelters and
their abuse.
In recent years, Congress has watered down the 1986 overhaul of the tax laws,
which lowered rates and eliminated most tax shelters, and was supposed to
simplify reporting. The recent changes have opened fresh opportunities for
corporations to cut their taxes, the study found.
''Corporate taxes are not rising along with profits because companies have
found all sorts of ways to get around the reforms in the 1986 tax act,'' said
Robert S. McIntyre, the director of Citizens for Tax Justice. ''Companies
also have gotten a lot of help from Congress, especially in gutting the
minimum tax rules.''
Mr. McIntyre said that he and T. D. Coo Nguyen, the co-author, spent more
than two years examining financial statements the companies sent to
shareholders.
All but 18 of the companies studied are on the Fortune 500 list, and the
others are in the Fortune 1000. He said companies were excluded if they lost
money or their tax disclosures ''were crafted so that you could not figure
them out.''
At least two companies objected to the study's methodology.
Keith Price, a spokesman for Goodyear, said the study did not appear to
consider an accounting rule affecting its sale of a pipeline subsidiary in
1998. It made no objection to the 1996 and 1997 figures.
Michael N. Ambler, Texaco's chief tax counsel, said that his company had tax
disputes with the Internal Revenue Service that were unresolved after more
than a decade. If those disputes are settled with a refund, he said, that can
easily distort the figures for any one year. He said that even the three-year
study period was too short to give an accurate picture.
Timothy McCormally of the Tax Executives Institute, which represents
officials at large companies, told Bloomberg News that the companies named in
the report did nothing wrong. ''There is nothing in the report that suggests
that any of this results from any illegal or improper activity,'' he said.
The study by the Washington institute showed that the corporate tax burden
was falling in many cases because of the growing use of stock options, which
are an expense for tax purposes but do not count against profits reported to
shareholders.
Recent annual reports filed by Microsoft and Cisco Systems indicate that they
paid no federal income taxes in 1999 because stock options exercised by
employees wiped out profits for tax purposes.
The study found that General Electric, I.B.M., Pfizer, Intel and
Bristol-Myers Squibb also sharply reduced their tax rates because of stock
options without having to show reduced earnings to shareholders.
The most significant factor in the easing corporate tax burden, Mr. McIntyre
said, can be traced to actions in Congress, which relaxed the corporate
minimum tax in 1993 when the Democrats were in control of both the House and
Senate, and again in 1997, after the Republicans had taken over. Congress
made it easier for corporations to spread tax breaks and profits over many
years, including reaching back to past years to get tax breaks that could not
be used at the time.
In at least one of the three years studied, 41 of the 250 large companies
studied paid no federal income tax. Those 41 companies reported $25.8 billion
in profits to shareholders in the years they paid no taxes. If they had been
obligated to pay the full 35 percent corporate rate, the tax bill would have
been $9 billion, but the companies received $3.2 billion in refunds.
In total dollars, General Electric was the biggest beneficiary of tax breaks,
the study said, saving $6.9 billion in three years. The company paid $2.1
billion in income taxes on $25.8 billion in profits, for a tax rate of 8.1
percent.
The highest tax rate for the three years was paid by Winn-Dixie Stores, which
paid an average of 35.7 percent of its 1996 through 1998 profits in federal
income taxes. It was one of two companies that paid more than the 35 percent
statutory rate because of multiyear tax rules. The other was Paccar.

Chart: ''Profits Without Pain'' In a study of 250 large and profitable
companies, these 17 paid the least in corporate taxes -- or got the biggest
refunds -- as a percentage of profits from 1996 to 1998. Goodyear 1996-98
PROFITS, IN MILLIONS: $657 TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS:
-$ 65 EFFECTIVE TAX RATE: -9.9 Texaco 1996-98 PROFITS, IN MILLIONS: 3,447
TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: - 304 EFFECTIVE TAX RATE:
-8.8 Ryder 1996-98 PROFITS, IN MILLIONS: 489 TOTAL TAX REFUNDED OR PAID,
1996-98, IN MILLIONS: - 30 EFFECTIVE TAX RATE: -6.2 El Paso Energy 1996-98
PROFITS, IN MILLIONS: 818 TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: -
36 EFFECTIVE TAX RATE: -4.4 MedPartners 1996-98 PROFITS, IN MILLIONS: 184
TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: - 4 EFFECTIVE TAX RATE:
-2.1 Tenneco 1996-98 PROFITS, IN MILLIONS: 731 TOTAL TAX REFUNDED OR PAID,
1996-98, IN MILLIONS: - 14 EFFECTIVE TAX RATE: -1.9 Colgate-Palmolive 1996-98
PROFITS, IN MILLIONS: 777 TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: -
14 EFFECTIVE TAX RATE: -1.7 MCI WorldCom 1996-98 PROFITS, IN MILLIONS: 3,578
TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: - 61 EFFECTIVE TAX RATE:
-1.7 Corporate Express* 1996-98 PROFITS, IN MILLIONS: 214 TOTAL TAX REFUNDED
OR PAID, 1996-98, IN MILLIONS: - 4 EFFECTIVE TAX RATE: -1.6 WestPoint Stevens
1996-98 PROFITS, IN MILLIONS: 339 TOTAL TAX REFUNDED OR PAID, 1996-98, IN
MILLIONS: - 3 EFFECTIVE TAX RATE: -0.7 Kmart 1996-98 PROFITS, IN MILLIONS:
978 TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: - 2 EFFECTIVE TAX RATE:
-0.2 Enron 1996-98 PROFITS, IN MILLIONS: 816 TOTAL TAX REFUNDED OR PAID,
1996-98, IN MILLIONS: + 2 EFFECTIVE TAX RATE: +0.2 Transamerica 1996-98
PROFITS, IN MILLIONS: 2,199 TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS:
+ 5 EFFECTIVE TAX RATE: +0.2 Suiza Foods 1996-98 PROFITS, IN MILLIONS: 295
TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: + 2 EFFECTIVE TAX RATE:
+0.8 Navistar 1996-98 PROFITS, IN MILLIONS: 742 TOTAL TAX REFUNDED OR PAID,
1996-98, IN MILLIONS: + 13 EFFECTIVE TAX RATE: +1.8 McKesson 1996-98 PROFITS,
IN MILLIONS: 473 TOTAL TAX REFUNDED OR PAID, 1996-98, IN MILLIONS: + 10
EFFECTIVE TAX RATE: +2.1 Pfizer 1996-98 PROFITS, IN MILLIONS: 3,367 TOTAL TAX
REFUNDED OR PAID, 1996-98, IN MILLIONS: + 104 EFFECTIVE TAX RATE: +3.1
*Purchased by Buhrmann in October 1999. (Source: Institute on Taxation and
Economic Policy)

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

Business; Financial Desk
Legal Breaks Lower Some Corporate Tax Rates
?
10/20/2000
Los Angeles Times
Home Edition
Page C-3
Copyright 2000 / The Times Mirror Company
WASHINGTON -- Dozens of America's most profitable companies enjoyed tax-free
years during the 1990s largely because of legal tax breaks, an independent
study released Thursday found.
The report by the nonprofit Institute on Taxation and Economic Policy found
that 250 companies paid an effective tax rate of 20.1% in 1998, down from
22.9% just two years before. The federal income tax rate for corporations is
supposed to be 35%.
Of the 250 companies studied, 41 enjoyed at least one year of no income taxes
or an actual rebate from the federal government, despite pretax profits of
$25.8 billion from 1996 to 1998.
If all 250 companies had paid the full 35% on $735 billion in pretax profits,
the study estimated the total income tax would have come to $257 billion. But
tax breaks put into law by Congress lowered those companies' tax bills by $98
billion over the three-year period.
Companies getting tax rebates in 1998 alone included Texaco Inc., Chevron
Corp., PepsiCo Inc., J.P. Morgan & Co., Enron Corp. and General Motors Corp.,
the report found.
The study's chief author, Robert S. McIntyre, said companies lower their
taxes through such breaks as depreciation write-offs, tax credits for
research and development and deductions they take when employees exercise
stock options.
The report also found that the petroleum industry paid the lowest tax rate
from 1996 to 1998, at 12.3%, followed by electronics at 13.1%, forest and
paper products at 13.9% and transportation at 14%. At the other end of the
spectrum, publishing and printing companies paid 31.6%, gas and electric
utilities paid 28.1% and retail and wholesale trade companies paid 27.6%.

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

Oct. 19, 2000, 10:23PM
Houston Chronicle
Arena boosters tout 3 benefits
Some question property/sales tax numbers, new development
By ERIC BERGER
Copyright 2000 Houston Chronicle
Enron Field sparked the redevelopment of downtown's east side, boosters say,
and an arena would crown the revitalization of the long-neglected area.
A strongly pro-arena business organization, Central Houston Inc., released a
flurry of positive economic numbers to back its contention that Enron Field
is a boon to downtown as well as to city, county and school tax coffers, and
that the arena would be as well.
"There's no better way to measure the impact of sports facilities on downtown
than to look at the one we already have," said the organization's president,
Bob Eury, as he crooked a finger toward the ballpark.
Eury and other boosters outlined three economic benefits to Houston they say
are related to sports facilities: increased property tax revenues, a wealth
of new development in the area and a boost in sales tax collected.
But economic analysts questioned some of their conclusions.
When Enron Field was built, nine blocks were taken off the tax rolls at a
cost of about $284,000 in lost property taxes.
Eury said, though, that it was not a bad trade.
He noted that properties around the ballpark have leaped in value since the
Enron Field project began in the mid-1990s. In turn, the annual property tax
collected on land and buildings within four blocks of the ballpark is $2.4
million greater now than in 1995.
But Harris County Tax Assessor-Collector Paul Bettencourt said those figures
are due in part to the boom in land values across downtown, including the
central business district, since 1995.
Bettencourt said he hoped to have an analysis finished today to determine
whether land values around Enron Field had increased at a greater rate than
land in the rest of downtown.
The boosters also highlighted more than $700 million worth of private
developments planned -- but not yet completed -- near the ballpark, including
the $90 million, 37-story Ballpark Place Tower across Crawford Street from
Enron Field.
"Without a doubt, if Enron Field was not there, Ballpark Place would not be
there," said John Holland, an executive vice president for the Trammel Crow
Co., which expects to break ground on the project in early 2001.
Because the arena would be built in an urban core, even academics who are
skeptical about the economic benefits of sports stadiums agreed that spin-off
development is likely nearby.
But independent economists who have studied such issues, including Brad
Humphreys, an assistant professor at the University of Maryland-Baltimore
County, say development near a stadium usually has a negative impact on
development and businesses in other parts of a city.
The focus must be on the entire market, Humphreys said, not just in the
vicinity of a sports facility.
"Public subsidization of stadiums and arenas isn't necessarily a bad thing,"
he said. "But when they sell them as economic engines, it's just absolutely
wrong. The research doesn't show that."
A recent study Humphreys co-authored, which appeared in the fall 1999 issue
of the Journal of Policy Analysis and Management, found that the presence of
professional sports teams in a market, on average, actually reduced the
per-capita income in those markets, compared with similar markets without
such teams.
Given Houston's strong economy, Eury said he does not believe downtown
development will detract from other areas of the city, as Humphreys' studies
have shown in other markets.
A third major economic benefit offered Thursday was that a new arena, with
the Houston Rockets and Houston Comets as tenants, would generate $13 million
a year in sales tax revenues.
About $2.7 million of that would go into local coffers, with the remainder
going to the state, according to the study performed for Eury's group by CSL
International, a consulting firm.
Yet even in the absence of a new arena and both teams, many economists say a
large portion of those expenditures would be spent in the area anyway. That
is known as a "substitution effect."
Instead of a family going to a game, it might go to the movies or local zoo.
And corporations are likely to sponsor other local events out of their
advertising budgets, the economists say.
The CSL study did not account for this substitution effect in calculating the
sales tax impact, said Bill Rhoda, the firm's director.

Study: Dozens of corporations pay little or no income tax
By CURT ANDERSON
AP Tax Writer

10/19/2000
Associated Press Newswires
Copyright 2000. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - Dozens of America's most profitable companies enjoyed
tax-free years during the 1990s largely because of legal tax breaks, an
independent study released Thursday found.
The report by the nonprofit Institute on Taxation and Economic Policy found
that 250 companies paid an effective tax rate of 20.1 percent in 1998, down
from 22.9 percent just two years before. The federal income tax rate for
corporations is supposed to be 35 percent.
Of the 250 companies studied, 41 enjoyed at least one year of no income taxes
or an actual rebate from the federal government, despite pretax profits of
$25.8 billion from 1996-98.
If all 250 companies had paid the full 35 percent on $735 billion in pretax
profits, the study estimated the total income tax would have come to $257
billion. But tax breaks put into law by Congress lowered those companies' tax
bills by $98 billion over the three-year period.
Companies getting tax rebates in 1998 alone included Texaco, Chevron,
Pepsico, J.P. Morgan, Enron and General Motors, the report found.
The study's chief author, Robert S. McIntyre, said companies lower their
taxes through such breaks as depreciation write-offs, tax credits for
research and development and deductions they take when employees exercise
stock options.
"We hope our findings will encourage lawmakers to re-examine this important
area of taxation," McIntyre said.
The report also found that the petroleum industry paid the lowest tax rate
from 1996-98, at 12.3 percent, followed by electronics at 13.1 percent,
forest and paper products at 13.9 percent and transportation at 14 percent.
At the other end of the spectrum, publishing and printing companies paid 31.6
percent, gas and electric utilities paid 28.1 percent and retail and
wholesale trade companies paid 27.6 percent.
"Anyone who worries about our economy's long-term growth has to wonder why
the tax code is being used to favor some industries and some kinds of
investments over others, rather than letting market forces decide," McIntyre
said.
----
On the Net:
Institute on Taxation and Economic Policy site: http://www.itepnet.org

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

US Rep Drafts Bill To Impose Windfall Tax On Pwr Companies.
By JASON LEOPOLD

10/19/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES
LOS ANGELES -(Dow Jones)- California's summer of soaring wholesale
electricity prices helped boost the stock price of many energy companies in
the third quarter.
But if U.S. Rep. Bob Filner, D-Calif., gets his way, those companies will be
forced to pay back hundreds of millions of dollars in profit to utilities,
customers and the government.
Filner introduced a bill in the House of Representatives last week that would
impose a windfall profit tax on wholesale power sold throughout the western
U.S.
The bill, which was referred to the House Committee on Ways and Means, may be
discussed in December or January, according to Filner, and if he gets enough
support by the mostly Republican caucus, companies like Enron Corp. (ENE),
Duke Energy North America (DUK), Southern Co. (SO). Reliant Energy (REI) and
Dynegy (DYN), would only be allowed to show a certain amount of profit and
anything over that amount would be taxed 100%.
Filner said the amount of profit hasn't been determined but his bill calls
for a baseline that would be a "just and reasonable" amount of profit.
The congressman's San Diego constituents were paying market-based electricity
rates in the summer which resulted in triple-digit utility bills. He said
generators are gouging California customers and need to be held responsible.
"This is not just a problem of supply and demand," Filner told Dow Jones
Newswires. "This is stealing. And we want our money back."
State and federal regulators are conducting separate investigations into
California's wholesale power crisis. The findings, expected to be complete in
about two weeks, are aimed at determining if generators or other key players
manipulated the state's wholesale energy market.
At least two major energy companies are being investigated by California
Attorney General Bill Lockyer. A high level source working on the probe with
the Attorney General said third-quarter earnings statements will play a major
role in finding out if generators manipulated the market.
Their investigation isn't turning up much evidence but earnings statements
are showing that profits are up significantly largely due to wholesale prices
in California, the source said.
At least one Federal Energy Regulatory Commissioner, who spoke on the
condition of anonymity, said the wholesale electricity market in California
will be in for a "rude awakening" when the agency completes its
investigation.
"There will be some serious structural changes to the market," the
commissioner said.
Representatives from energy companies told Dow Jones Newswires that higher
profits weren't the result of illegal activity or manipulating the market.
Energy Cos. Say Summer Crisis Boosted 3Q Earnings
On Wednesday, Duke Energy, which owns and operates power plants in
California, said in an earnings statement that third-quarter profit rose 74%,
due in part, to high wholesale prices in California in the summer. Enron and
several other companies reported similar third-quarter increases based on
California's summer of skyrocketing power prices.
The congressman doesn't want to limit the proposed windfall tax to
California, but where generators sell power in the western U.S.
But even Filner admits that forcing generators to refund part of their
profits isn't getting the early support it needs to become law.
"If the democrats were in charge I'd have this bill voted on already," Filner
said.
Filner said if the bill is passed some of the money would be refunded to
consumers and utilities, the victims, as he refers to them.
Meanwhile, he's also working on getting the House to pass a separate bill to
roll back electricity rates in the western U.S. to pre-deregulation levels
and he's trying to gather support for a wind power initiative.
Regardless of the outcome, the congressman is dead set on making noise.
"If nothing happens, I'm thinking about holding a press conference with the
San Diego District Attorney," he said. "We'll press criminal charges against
the energy companies." -By Jason Leopold; Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

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


Executive Summary
? Direct access could make a rescue of SoCal Edison more difficult
? Bond issuances for California may be in jeopardy as direct access becomes
more popular with municipalities

Municipal Power is Politically Attractive
There is growing pressure across California for cities to consider forming
their own municipal power companies. Community leaders across the state are
enviously eyeing the success of Sacramento's SMUD utility and the Los Angeles
Municipal Power Utility, where rate hikes and service disruptions have been
far less pronounced than the rest of the state. Several leaders in San
Francisco are considering setting up their own power company, and another two
dozen cities are also contemplating action. Municipal power companies are not
subject to regulation by the California Public Utilities Commission, and
could therefore sidestep the current proposed structure of rate hikes.

Trying to stop municipalities from opting out of the state power plans will
be extremely difficult, as it runs against some of the most entrenched and
long-standing privileges in California politics. Under California law, it is
very difficult to stop many cities from doing what they feel is in their best
interest. Most older and larger cities are "charter cities" rather than
"general law cities" subject to the California Municipal code. Under the
California Constitution, charter cities can pretty much do anything or
provide any service short of printing money and raising an army.  The League
of California cities - a weighty organization representing every one of
California's cities - is already swinging into action to support direct
access. Most Assembly Democrats started out as City councilors and have some
sympathy with local independence. And the resistance within the Assembly is
already building against Hertzberg's attempts to stop even large companies
getting direct access.

Some city leaders will not wish to fight the Governor and the state
legislature on the issue. But if municipalities do not opt out, they may have
to explain to their local business and voters why they are paying far more
for electricity than a city next door which chooses to set up its own power
company. Cities are beginning to realize they might potentially lose major
employers. Politicians are also beginning to realize that local companies
stand to gain or lose a fortune on this matter, and this could affect
campaign contributions.

State Power Plans at Risk
If municipalities do move to set up their own power companies, it could
undermine at least three key elements of the State of California's power
plans:
? First, the rate hike already approved falls mostly on businesses and other
large users. But municipal power would unpick this structure, allow large
regions of California to ignore the PUC, leaving the rate structure to be
determined city by city. Many municipalities may be unable to resist pressure
from local businesses to protect them from disproportionate rate hikes.
Others might cave into irate voters.
? Second, the plans laid out by Governor Davis' and State Treasurer
Angelides' for a California State Public Power Authority would also be badly
damaged if large regions avoid having anything to do with it.  It is possible
that long-term power contracts might also face an additional hurdle if
municipalities opt out of higher long-term rates by buying on the open
market.  It could mean the state is left with excess power that it would have
to sell at a loss.
? Third, revenues to back the proposed power bond could be imperiled, if
municipalities opt out of the rate structure and revenue stream needed to
repay the bond. And if the momentum for direct access develops among the
cities and municipalities across the state, it could make it much more
difficult to launch the bond in the first place as investors may take fright
at potential threats to the viability of repayments.
The issue is at an early stage -- the PUC had a general workshop on the
matter at its offices in San Francisco on Friday.  State legislative leaders
are likely to use every political and legal means available to stop municipal
secession, or at least smother the issue until the power bond is successfully
away. But stopping the municipalities if they choose to follow this path
could prove to be difficult.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/25/2000
05:58 PM ---------------------------

Shijie Deng <deng@isye.gatech.edu> on 10/16/2000 11:00:46 AM
To: Fernando Alvarado <fernando@lrca.com>, Vince Kaminski
<Vince.J.Kaminski@enron.com>, "John R. Birge" <jrbirge@northwestern.edu>,
rajesh@lrca.com, crovelli@usgs.gov
cc: Shijie Deng <deng@isye.gatech.edu>
Subject: Re: INFORMS National conference at San Antonio

Hi,

Details of our session info. at the INFORMS conference can be found at the
following link.  It'll be in the afternoon of 11/6 (Monday).

http://www.informs.org/Conf/SanAntonio2000//TALKS/MD29.html

Since we have 5 speakers, I expect each of us will have no more than 20
minutes to present.  Please keep that in mind and e-mail me if you have
any questions.  Please also inform me if there will be any changes.  Look
forward to seeing you all in San Antonio.

Best regards,

Shijie

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng


Here is the name of an apartment finder in the Kingwood Area,,,,,,

All-Apartment Locating  281-446-3600

Hope to see you Saturday!

MC


The 1999 Form W-2 and Retiree Tax Form 1099-R will be mailed to your address
of record by January 31, 2000. If you have not received your form by February
16th, you may request, in writing, for a duplicate copy to be sent to you.
Please note that a written request, including authorized signature is
required.

When requesting a duplicate form, please specify the year for which you need
a copy, sign your request, and include the following information:

 Name
 Complete Mailing Address
 Phone Number
 Social Security Number

You may mail your request to:
 ENRON CORP
 EB 1667
 P O BOX 1188
 HOUSTON TX   77002

Or you may fax your request to 713-646-3755.

Your request will be processed within one week of receipt.

If you have a question regarding the information on your Form W2, please
contact Ginger Sinclair at 713-853-9567.  Ginger will take a detailed message
of your questions and someone from the Payroll Tax Group will contact you as
soon as possible.

Thank you


Late last night, BKH requested ENA to guaranty the indemnification obligations of TLS Investors, a wholly-owned subsidiary of ECT and the Member Manager of Southwest Power LLC.  The guaranty will be capped at the adjusted purchase price, presently expected to be in the range of $205 million to $220 million, and will remain in place for 18 months from the Closing Date.

RAC's view is that exposure under such a guaranty would not be materially different from exposure under a direct indemnity provided by ENA if ENA were the actual legal entity selling Southwest Power LLC.  RAC supports the issuance of such guaranty to facilitate completion of the divestiture.

Regards,

Chip Schneider
VP-Commercial Underwriting
713-853-1789
3AC 1418


Just to give you an update, I reeived an e-mail from Dr. Carl Harris, who is
currently in charge of my application in the admission's office.  He wants me
to answer a few questions to make sure I can handle the coursework.  That is
why I wanted to meet with you and Professors' Titman and Brown, to discuss
the coursework and to talk to you about my strengths and weaknesses.  I know
that with my financial modeling and accounting skills, energy-finance
background, and the Business' School's team-oriented approach to learning,
that I will excel in this type of learning environment.  I hope things work
out and thanks again for your help.
Ben


per Melissa Dozier


Carlos,

Vince Kaminski, the head of our group is quite interested in meeting you and
discussing ways in which we might be able to help your students.   I will be
out of the office until October 16th.   You can talk to Vince before I get
back or wait to see both of us;  whatever you wish.    Should you want to
schedule a time to talk with Vince, contact his assistant, Shirley Crenshaw,
at 713 853 5290.

I look forward to meeting you in person.

Stinson Gibner

P.S.

My address at Enron is:

P.O. Box 1188
Houston, TX 77251-1188

The physical address is 1400 Smith Street.

carlos ordonez <ordonez@shasta.phys.uh.edu> on 09/15/2000 03:29:28 PM
To: sgibner@enron.com
cc:
Subject: Greetings

Dear Stinson,

I enjoyed our conversation this morning. I would love to meet with your
people to discuss collaborations that will be of mutual benefit to me
and the students and postdocs and your company. I am available on Mondays,
Wednesdays or Fridays, at just about any time (early mornings or afternoons
best). We'll probably need up to a couple of hours.

Please send me your address to mail you some info.

Best,

Carlos


Kaye:  Please send this fax (I have the info if you still need it).

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 03/22/2001 05:14 PM -----

	"Torkelson, Dean" <dtorkelson@snwsc.com>
	03/22/2001 03:16 PM

		 To: "'Sara Shackleton @ Enron.com'" <sara.shackleton@enron.com>
		 cc:
		 Subject: FW: enron - sara shackleton - Tribe as an eligible contract parti
cipant

Pls fax to me that which you  faxed to Jim Noteboom. My fax # is 206-343-2103.
THX


NCE NUMBER:
>30203145586
01/31/02    NON-CHECK FINANCIAL DATA FOR REF. #    30203145586
ACCOUNT: 40781075      ENRON CORP-ECT CASH SVC
            AMOUNT      POST DATE  VALUE DATE   CODE      BATCH/TRACK       DUP
        242,320.00       01/31/02    01/31/02    479     650000000571         1
TRANSACTION DESCRIPTION
SAME DAY DR TRANSFER
         GID:LCT20311027500
         FED20020131B1Q8021C002501
         REF:      TWS000380896
         ORDER:    ENA CASH SERVICES
         CR BK ID: 021000021
         CR BK:    JPMORGAN CHASE BANK FORMERLY CHASE
          MANHATTAN BANK,N.A NEW YORK, NY 10004
         BENEF:    323009980 ENTERGY KOCH TRADING LP
         USER REF:TWS000380896
         DETAILS:PREPAY FOR JANUARY POWER
         INSTRUCT DATE:01/31/02 ADVICE TYPE:MAIL

ENTER  (1) YESTERDAY    (2) TODAY        (3) SEARCH       (4) SERIAL
       (5) REFERENCE    (6) HISTORICAL   (7) TRANS FLOAT  (8) BACK VALUE
       (9) LAST


-----Original Message-----
From: 	Kaminski, Vince J
Sent:	Friday, January 04, 2002 3:28 PM
To:	Williams, Robert C.
Cc:	Kaminski, Vince J; LJM Litigation; 'akholmes@swidlaw.com'; 'mnlevy@swidlaw.com'
Subject:	SEC Letter


Actually, I am not sure NPNG currently has a lot of expertise in this area.
I have asked John to evaluate whether corporate should handle NBPL's
insurance needs.  We have Jim Menning, spending about 75% of his time on
insurance so I am hopeful that a move to corporate could reduce our costs -
but obviously eliminating 0.75 FTEs is minor compared to the effect (plus or
minus) of a change in direct insurance premiums or allocated insurance
costs.  Do either of you have experience or information that would support
either side, i.e. directly manage ETS insurance function or outsource it all
to corporate?
---------------------- Forwarded by Jerry Peters/NPNG/Enron on 12/13/2000
11:25 AM ---------------------------

James Saunders
12/13/2000 08:57 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc: Jerry Peters/NPNG/Enron@ENRON

Subject: Re: Insurance Claims

Any chance at  all that we can use Northern Plains/NBPL insurance expertise
to find a solution for ETS increases???


Great - I am sure that Kim and her team will gladly pitch in.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, February 04, 2002 8:27 AM
To:	Beck, Sally
Subject:	Kim Theriot

We are going to ask Kim's group to help pull information for credit (public domaine information) in order to help accelerate the credit process as his group is heavily stretched at the moment.


Why is the CA dated August 6th - have we been sitting on it since then?


Ben and Kay

Project is Eletrobolt.   ESA has had GE send the stacks for the Electrobolt
LM6000 back to Braden for modifications necessary for Eletrobolt and there
are a couple other changes.

I need to prepare an amendment cover those changes as well a capture the in
and out costs related to the Eletrobolt units.  Matt T told me that Ben
signed out a letter prepared by Kay addressing an agreement related to
storage of the units that was different from the 24 pack base contract.  Matt
says he does not have the letter.

I would be very helpful if I could have a copy of the letter so I understand
the changes so I do not upset the prior deal. Once I have the amendment
prepared in addition to the Eletrobolt team review, I would like to bounce
off Ben and Kay to ensure I have not harm to other aspects of the 24 pack
purchase.

Thanks


Final Reminder

If you are a participant in the Enron Corp. Savings Plan, all trades among your investment funds must be completed by 3:00 PM CST Friday, October 26.

The makeup of your investment funds in the Savings Plan at 3:00 p.m., October 26, will reflect your investment decision for the duration of the transition period.


Attached is Art 11 as it appears in Rev 5, redlined to reflect my proposed
fixes to the Change Order article.   GE has expressed concern over
Purchaser's right to be able to force GE to proceed with a Change Order.   As
presently drafted I do not see where the Purchaser has that right.  I have
modified Article 11 to incorporate language similar to Arcos on this subject
( we have not reached final agreement on the Arcos language- but we are
reasonably close- I hope).  I have also imported the reasons for changing the
Guaranteed Completion since the reasons for changing the Purchase Amount are
now in Art 11.

I think this needs an Enron team discussion before sending to GE.


is your voice healed or are you going to use a real time messenger?


It was great to see a friendly face!  Don't ever hesitate to wave or stop in
and say hello.  Can you believe that I had been on the 30th floor since the
summer of 1994?!  I know that sets some kind of record at Enron!!  It is kind
of fun to be up here.  The appreciation for the jobs that we do in operations
has grown over the last several years, thanks to the hard work of you and so
many others.

My family is doing great.  The children start school tomorrow.  Meagan will
be a junior in high school -- we took a brief trip with her this summer for
an early look at some colleges.  It will be a big year for Amanda -- she
starts junior high in 6th grade.  And Tyler would tell you proudly that he is
"two and a half".  What a delight he continues to be!!

I know that Erin has worked hard.  I hope that she and her husband are doing
well.  --Sally

From:  Mary Griff Gray
     08/08/2000 08:51 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: excitement

Sally --

I acted impulsively when I saw you this a.m.  I was so excited to know you
were on the 33rd floor where I was picking up United Way shirts that I didn't
control my enthusiasm over seeing you.

I apologize if I disrupted you.

Griff

P.S.  I hope your family is doing fine.  Erin graduates in December from
UT-Dallas with her masters in Speech Path.  She and her husband are doing
very well and very much in love.


Guy, FYI.  Is anyone familiar with this?  Mike is looking for some feedback.
It looks very premature and not worth a lot of time but he may need us to
talk with them to help him with his business down there.  Any comments?

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/11/2000
04:51 PM ---------------------------

	Enron North America Corp.

	From:  Michael Guerriero @ ENRON                           07/08/2000 10:04 AM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Nodocero.com

Here is the information we discussed regarding Nodocero. Let me know when is
a good time to do a secondary discussion. They will be in Houston late next
week and early the following week. I will give you a call Monday.

MFG
---------------------- Forwarded by Michael Guerriero/SA/Enron on 07/08/2000
12:02 PM ---------------------------

Patrick Hansen
07/07/2000 12:39 PM
To: Michael Guerriero/SA/Enron@Enron
cc:

Subject: Nodocero.com

Michael, I have the following comments to the Nodocero.com project.

Currently works as a platform where buyers and sellers agree on a price
through an auction process (brokerage fee)
They aim at becoming a regulated market with standardised contracts. (subject
to market and regulatory evolution)
Their value drivers are the "Payment Guarantee" (through an insurance
company) and "Backoffice" (registration before regulatory authorities). None
of these issues are definitely solved (no agreement with Insurance Co. and if
any transaction is done now, all the backoffice procedures have to be done
manually with their employees).
No technological partner yet. They have developed the web site platform (you
can see it at www.nodocero.com), but I understand that they don't have the
rest of the technological components required (database, operations, clearing
system, other).

Apart from this, I would consider the following issues:

Currently there is no regulated market for this sector of the economy
(Argentina and the rest of Latin America). Therefore their idea of becoming
one is good.
The competitors in this race are: Nodocero.com - aXesoEnergia.com -
EnergyVex.com - Rofex (Rosario Futures Exchange) - other.
No competitor has yet taken an important lead in this race. aXesoEnergia.com
is doing an important investment in marketing, but it currently works via an
auction process and does not provide any further service like guarantee or
backoffice.
One of the competitors will eventually succeed in becoming the reference
market.
Nodocero.com has no strategic partner yet. (this could be taken as positive
or negative)

The attached file is their business plan

Patrick


Congratulations!  You've helped make Enron one of America's elite
corporations.  We had a stunning performance in 2000, and, as a result, Enron
now ranks No. 7 on the Fortune 500, up from No. 18 last year.

The Fortune ranking is based on revenues of the nation's largest companies.
Last year, propelled by an enormous increase in volumes on EnronOnline, we
topped the $100 billion mark.  We expect to continue growing and climbing on
the Fortune 500 list.  This amazing growth is part of the reason we have
developed a new vision for Enron: to become The World,s Leading Company.
With your continued dedication and creative performance, we can realize
another year of stellar performance and will surely achieve this latest and
most compelling vision.

The Fortune 500 issue will be on newsstands April 16, however, you can read
about it now at www.fortune.com.


---------------------- Forwarded by Mary Hain/HOU/ECT on 08/17/2000 02:26 PM
---------------------------

Karen Denne@ENRON
08/17/2000 02:13 PM
To: James D Steffes/HOU/EES@EES
cc: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Jeff
Dasovich/SFO/EES@EES, Tim Belden/HOU/ECT@ECT@EES, Mary Hain/HOU/ECT@ECT@EES,
Richard Shapiro/HOU/EES@EES
Subject: Re: SDG&E Offer

We need to be careful how we position this.  I'm concerned that this may be
perceived as Enron re-entering the residential market -- even though we're
proposing to supply SDG&E rather than direct end-use customers.  How does
this compare to the other eight offers SDG&E has received?

James D Steffes@EES
08/17/2000 01:38 PM
To: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Jeff Dasovich/SFO/EES@EES, Tim Belden/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Richard Shapiro/HOU/EES@EES
cc:

Subject: SDG&E Offer

Attached is a write-up of a presentation on making a "public" offer in
SDG&E's territory for supplying their residential load.

If we are to do this, we need to probably have something ready by late August.

Any comments?
---------------------- Forwarded by James D Steffes/HOU/EES on 08/17/2000
03:35 PM ---------------------------

Melinda McCarty@ENRON
08/17/2000 03:07 PM
To: James D Steffes/HOU/EES@EES
cc: Marcia A Linton/NA/Enron@Enron
Subject: Presentation

Just in case you need this for future reference.  I played with it and gave
it a simple look.  (You can always delete if you don't like it.)

mm


----- Forwarded by Tana Jones/HOU/ECT on 10/30/2000 09:33 AM -----

	Taffy Milligan
	10/30/2000 08:28 AM

		 To: Mark Taylor/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Mary
Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT,
Tana Jones/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron
		 cc:
		 Subject: Susan Bailey - Will NOT be in today.

Sugarbear is experiencing some post-surgery complications.


Hi,
We're going to press on the forced ranking story. I  have a couple more
questions for you. If you can have answers to me by in the  morning, June 8,
I'd appreciate it...
?
thanks, Michelle
?
?
What does the room look like in one of these peer  review committee sessions.
Are the PRC's around a conference table, if so what  kind, cherry wood,
mahogany, etc. What's on the wall in these rooms?.? Are  there charts, etc??
Are the rankings on paper or on the wall? Does everyone  have a copy of the
rankings?and employee's paper work (ie the feedback  responses, etc.)
?
?
How many employees does one PRC rep represent  generally?
?
Tell me about some of the perks that Enron offers  its employees, ie
childcare, daycare, daycamp etc. On the day that I was there,  what was that
barbeque outing all about. Was that something that was company  sponsored? If
so, how often do you sponsor it?
?
Tell me about some of the awards the company has  received. (ie best
workplace, etc.)
?
These answers don't have to be long. Just give me  the basics...
?
?
thanks much, Michelle
?
?
?
Michelle McCalope
freelance writer
phone  (713) 781-1481
fax (713) 781-7874


----- Forwarded by Stanley K Horton/HOU/Dynegy on 04/29/02 04:09 PM -----

                      RJ EnergyGroup
                      <RJEnergygroup@ec        To:       "'RJ Customer'" <rj@rjf.com>
                      m.rjf.com>               cc:
                                               Subject:  U.S. Natural Gas Supply is Falling Faster Than Even We Thought
                      04/29/02 09:08 AM

 <<iEne042902b_0713.pdf>>

Raymond James Energy Stat of the Week, published 4/29/2002.

Over the past six months we have been very bullish on U.S. energy stocks
based upon our conviction that U.S.

natural gas supply would deteriorate sharply with the reduced drilling
activity. As publicly-traded U.S. E&P

companies have begun to announce their first quarter production results,
the supply deterioration has been shocking even to us. Specifically, with
about one-third of total U.S. gas production represented, it appears that
first quarter 2002 U.S. gas production is trending down about 3%
sequentially and more than 6% on a year-over-year basis. As we move into
the second quarter, we think we will continue to see sequential declines in
U.S. gas production and a growing year-over-year gap in U.S. gas
production. Since a supply problem is much harder to correct than a demand
problem, it appears that our optimism on U.S. gas prices has not only been
well founded, but may even prove to be too conservative. In other words,
this falling U.S. natural gas supply is an extremely bullish data point for
U.S. gas prices as we move into the summer and especially going into next
winter.

The attached file is in the Adobe Acrobat *.PDF format. If you do not have
the latest version of the Adobe Acrobat Reader, you can download it free
from

http://www.adobe.com/prodindex/acrobat/readstep.html#reader.  If you should
experience problems with this email, please contact Datra Roter,

droter@ecm.rjf.com.

If you have further questions, please contact any of the following members
of the Raymond James Energy Team at 800-945-6275 (Houston).

Research Team

Oilfield Service        E&P                     Calgary Energy

Marshall Adkins Wayne Andrews           Ken Faircloth

John Tasdemir   Jeff Mobley                     Gordon Gee

Jim Rollyson    John Tysseland                  Roger Serin

Matthew Burrus  Jeff Stultz                     Andrew Bradford

John Freeman    James Mullins           Grant Daunheimer

                                                        Angela Guo

Fixed Income

Jon Kyle Cartwright

(Florida Office)

727-573-8366

Investment Banking Team

Houston         Dallas          Calgary

Howard House    Allen Lassiter          Naveen Dargan

Steve Grant             Mark Huhndorff          Ed Bereznicki

Ron Montalbano  Scott McNeil            Jason Holtby

Michael Ames    Wes Martin                      David McGorman

John Sterling   Kevin Palma                     Igor Falaleyev

Gig Hordes                                              Caroline Troy

Vikram Singh                                    Kevin Smith

Office Locations

Houston                                 Dallas

5847 San Felipe, Suite 720            2001 Ross Avenue, Suite 3500

Houston, TX  77057                  Dallas, TX  75201

(800) 945-6275  FAX (713) 789-3581      (800) 393-1314  FAX (214) 720-1315

(713) 789-3551  FAX (713) 266-4117

Calgary                             St. Petersburg

Suite 2500, 707 8(superscript: th) Ave. SW          880 Carillon Parkway,
Tower III

Calgary AB T2P 1H5                  St. Petersburg, FL 33716

888-477-6451                            High Grade Trading 800-248-8863
ext. 8336

403-509-0536                        High Yield Trading 800-448-6623

                                    Fixed Income Research (727) 573-8366

(See attached file: iEne042902b_0713.pdf)


plz see email for hertzberg talking points for phone call.  turning to CEO
materials now. jeff


Hi Louise.  A few questions/issues when you have a moment:

1. Will NetCo need a copy of Infinity for interest rate/fx trading and risk management?  I pitched the question to Jeff Golden.  He thinks the bank will provide this function and the technology, but he wasn't 100% sure.

2. We have a potential problem with visas.  Bob Hillier is on an L1 visa, and many of the development staff are on H1B's.  Once we get a letter from the new entity stating that these people have employment, the transfer process can begin, but it will take at least a week for L1 and 2-3 weeks for H1B (this is what I am told).  If closing happens very quickly after the actual party is chosen, we are going to be squeezed.  One solution may be to let all these people continue to work for Enron until the visa transfer is complete.  Otherwise, we will have to send them home without salary or benefits in the meantime.

3.  When you have a moment, I would like to talk to you about two EES people.

Thanks!
 -jay


Attached are  EES's Volumetric NYMEX and Basis positions for 7/11/2000.    If
you have any questions, you may contact me at X3-5070.

Thanks,

Monica for Kyle


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/09/2000
02:36 PM ---------------------------

"Leslie Abreo" <leslie.abreo@kalotay.com> on 08/08/2000 04:44:12 PM
To: "Vincent Kaminski" <vkamins@enron.com>
cc:
Subject: FAS 133 Hedge Effectiveness Testing

Vince
Here's the Powerpoint version of the presentation I sent earlier.
Regards,

Leslie Abreo
Andrew Kalotay Associates, Inc.
61 Broadway, Ste 2205
New York NY 10006
Phone: (212) 482 0900
Fax: (212) 482 0529
email: leslie.abreo@kalotay.com

Visit AKA's website at http://www.kalotay.com
 - FAS133_Effectiveness_Testing.ppt


Kay, see clarifications below.  Thanks for your help.

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 11:52 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather; May, Tom; Coulter,
Kayne
Subject: comparison of definitions - 1st in each pair is from letter
agreeement

1. &Ancillary Services8 or &AS8 means those services required by Entergy,s
interconnection agreement with MDEA or Entergy,s tariff.
OR
[Rorschach, Reagan]  Use this one below with noted change.
&Ancillary Services8 or &AS8 means those services  [Rorschach, Reagan]
defined in Entergy,s interconnect agreement with MDEA or Entergy,s tariff.
2.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
[Rorschach, Reagan]  Use this one below.
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
3.&Available Energy8 means Energy that is available for sale on any given day
that is in excess of MDEA,s Native Load.
OR
&Available Energy8 means Energy that is available for sale on any given day
that is in excess of (i) MDEA,s Native Load, and (ii) the Energy required to
be sold under any Existing Transactions, up to the total amount of Energy on
any day that can be produced from the Facilities.
4.&Confirmation8 means a confirmation of a transaction or transactions.
OR
[Rorschach, Reagan]  Use this one below.
&Confirmation8 means the document provided for under the MPPSA or the MGPSA
and with the corresponding third party under a Back-to-Back Transaction or
with EPMI which specifies the Product being bought or sold, the duration of
the Transaction and the other terms, including price. A daily report of all
hourly (or similarly short term) purchases and sales will be provided to the
Customer and shall serve as a Confirmation for those transactions under the
MPPSA or MGPSA.
5.&Delivery Point8 means the busbar of the respective Facilities located at
the interconnection between CPUC,s and YCPSC,s respective transmission
systems at the 115 kV switching station at the respective interconnections
with the Entergy transmission system.
Or
[Rorschach, Reagan]  Use this one below.
&Delivery Point8 &Point of Delivery8 or &POD8 means (a) for power (i) the
interfaces  located at the interconnection between Clarksdale and Yazoo City
transmission systems at the  Entergy system, or (ii) the point specified in
any Back-to-Back Transaction, EPMI Transaction or Structured Transaction at
which Products are to be tendered under a Confirmation; (b) for natural gas,
(i) for Clarksdale, the point of interconnection between Texas Gas and
Clarksdale (ii) for Yazoo City, the interconnection between Southern Natural
Gas (Sonat) and Mississippi Valley Gas for the Yazoo City Power Plant (the
Sonat Delivery Point) (iii) the interconnection between Mississippi Valley
Gas (MVG) and the Yazoo City Power Plant (MVG Delivery Point), (iv) any point
where fuel is delivered as specified in a Fuel Transaction.
6.&Incentive Fee8 means forty percent (40%) of the Savings and of the net
profit from external sales of the Cities, natural gas resources and the
purchase of on-peak Energy, as calculated in accordance with Article III of
this ILA.
Or
&Incentive Fee8 means the fee described in [Section].
7.&Market Price8 is the price agreed by the parties to be paid by EPMI in any
EPMI Transaction for the sale of Energy to third parties, or the amount to be
paid to EPMI for the sale of Energy to the Cities and/or MDEA.
or
[Rorschach, Reagan]  Use this one below.
&Market Price8 is the price agreed to (i) by any third party for the sale or
purchase to or from EPMI or MDEA in a Back-to-Back Transaction, (ii) the
price paid by EPMI in any EPMI Transaction or (iii) by any third party
pursuant to any Structured Transaction.
8. &Protocols8 shall mean the SPP Protocols duly adopted by SPP, including
any attachments or exhibits referenced thereby, as amended from time to time,
containing the scheduling, operating, planning, reliability, and settlement
(including customer registration) policies, rules, guidelines, procedures,
standards, and criteria of SPP.  For the purposes of determining
responsibilities and rights at a given time, the Protocols, as amended in
accordance with the change procedure(s) described in the Protocols, in effect
at the time of the performance or non-performance of an action, shall govern
with respect to that action.
or
[Rorschach, Reagan]  Use this one below.
&Protocols8 shall mean the Protocols duly adopted by SPP, SERC, NERC, and/or
Entergy, including any attachments or exhibits referenced thereby, as amended
from time to time, containing the scheduling, operating, planning,
reliability, and settlement (including customer registration) policies,
rules, guidelines, procedures, standards, and operations criteria.  For the
purposes of determining responsibilities and rights at a given time, the
Protocols, as amended in accordance with the change procedure(s) described in
the Protocols, in effect at the time of the performance or non-performance of
an action, shall govern with respect to that action.
9.&Savings8 shall mean the difference between 1) the total costs to MDEA
and/or the Cities of a Transaction, and 2) the total costs of MDEA and/or the
Cities avoided or displaced by the Transaction, which difference shall be
calculated as described in Article III of this ILA.
not defined in rev 23 definitions
[Rorschach, Reagan]  Reference that Savings is defined in the Exhibit (see
attached file "Incentive Fee Calc")


Hi John,

Sorry I missed your call last week.  I was out ill.  I'll give you a call
once I dig out from under the paper.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/30/2000 07:26
AM ---------------------------

Heather Kroll@ECT
10/29/2000 06:55 PM
To: Jeffery Ader/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Scott
Healy/HOU/ECT@ECT, Stephen Plauche/Corp/Enron@Enron, Kay
Mann/Corp/Enron@Enron, sfischer@murthalaw.com, pmccary@mcrp.com, Daniel
Allegretti/NA/Enron@Enron
cc:

Subject: Draft DPCU Filing

To all:

Attached below please find a draft of the CRRA Filing with the DPUC regarding
the fuel cell transaction.  There are several points that remain open that I
would like to have cleared up by Monday afternoon.  For example, is CRRA
filing alone or are we filing jointly?

I believe we've covered all the issues outlined by Sandra.  Please let me
know if we've left anything out or if we need to delete anything.

I think this is a good start to us meeting our compressed timeline.  Do not
hesitate to call me for any reason whatsoever.  The next few weeks/months are
going to be very busy, but I know we can get to the goal line.

To quote Dave Delainey, "Go, go, go."

Regards,

Heather


FYI

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/21/2001 08:46 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	03/21/2001 08:22 AM

		 To: <Barbara_Klemstine@apsc.com>, <Vicki_Sandler@apses.com>,
<berry@apx.com>, <dcazalet@apx.com>, <billr@calpine.com>,
<jackp@calpine.com>, <Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,
<rsnichol@newwestenergy.com>, <nam.nguyen@powersrc.com>,
<Curtis_L_Kebler@reliantenergy.com>
		 cc:
		 Subject: FYI - PX sues ISO

The California Power Exchange has filed a complaint for declaratory relief
against the California Independent System Operator.  The case description
from our tracking service reads as follows:

Plaintiff seeks a declaration that defendant lacks the legal right to hold
the $177 million in funds remitted to the ISO by PG&E in response to invoices
transmitted to PG&E by plaintiff in connection with obligations incurred in
December 2000 by PG&E in the ISO,s markets.


This is so funny but read the text first.
----- Forwarded by Suzanne Adams/HOU/ECT on 05/18/2001 09:26 AM -----

	Mary J Heinitz
	05/18/2001 08:53 AM

		 To: dehein1@earthlink.net
		 cc: (bcc: Suzanne Adams/HOU/ECT)
		 Subject: Didn't Think Ahead

Read the text before looking at the picture.

A class of elementary students started a class project to
make a planter to take home and wanted to have a plant in
it that was easy to take care of, so it was decided to use
cactus plants. The students were given greenware pottery
of a clown planter, and they painted them with glaze and
had them professionally fired at a class outing so they
could see the process. It was  great fun.

They planted the cactus seeds in the finished planters, and
they grew nicely but unfortunately the children were not
allowed to take them home.

The cactus plants were removed and a small ivy replaced
them, and the children were then allowed to take the
planters home.

The teacher said cactus seemed like a good idea at the time....

(See attached file: pic27350.jpg)

 - pic27350.jpg


The following editorial was published on the Assembly Republican website
today and probably offers a good preview of the 130pmPST press conference.

For those of you concerned with tracking generator stocks or following the
Edison bankruptcy outlook, consider the following quote:
"Rather than make Edison and the power generating companies completely whole
while the government takes over ownership of the "grid", lets instead make a
clean deal. One can be fashioned that requires Edison and the power
generators to take some write-offs so that the ratepayers do not bear the
entire burden and the transmission lines remain in private hands."

http://republican.assembly.ca.gov/members/70/Editorial902.html


SBX 31 (Burton), which is the clean-up legislation to ABX 1 to correct
outstanding bonding issues, was heard on the Assembly floor.  As an
urgency measure, the bill failed passage garnering only one Republican
vote.  The Democrats then removed the urgency clause and passed the bill
which takes effect 90 days after the end of special session.  The bill
must now go back to the Senate for concurrence.


The Global Government Affairs department meeting has been cancelled.

Thanks and please call me if you have any questions.

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

 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Tuesday, November 13, 2001 2:57 PM
To:	Alamo, Joseph; Allegretti, Daniel; Allen, Joe; Alvarez, Ray; Assad, Sergio; Assaf, Lisa; Ausenhus, Kara; Barnes, Lynnette; Bellas, Kirsten; Bestard, Jose; Binns, Darran; Bolton, Scott; Boston, Roy; Braz, Gisele; Buerger, Rubena; Burns, Stephen; Canovas, Guillermo; Cantrell, Rebecca W.; Comnes, Alan; Connor, Joe; Cooney, Carolyn; Cooper, Adam N; Crowther, Mark; Dasovich, Jeff; Davies, Philip; Dawson, Paul; Decker, Larry; Dernehl, Ginger; Dressler, Jean; Elms, Nick; Fitzgibbon, Tom; Floris, Vinio; Frank, Robert; Fromer, Howard; Fulton, Donna; Gottfredson, Bryan; Grimes, Michael; Guerrero, Janel; Haizmann, Jan; Hamilton, Allison; Hardy Jr, John; Hartfield, Rita; Hawkins, Bernadette; Hemstock, Robert; Hennemeyer, Paul; Hetrick, Nancy; Hoatson, Tom; Huertas, Alfredo; Hueter, Barbara A.; Hughes, Llewelyn; Hunter, Bevin; Huson, Margaret; Ibrahim, Amr; Imai, Makiko; Kaufman, Paul; Kean, Steven J.; Keenan, Amber; Keene, Patrick; Kimura, Takashi; Kingerski, Harry; Kishigami, Kikumi; Knight, Laurie; Landwehr, Susan M.; Lassere, Donald; Lawner, Leslie; Lawrence, Linda L.; Leibman, Lara; Leonardo, Sam; Levy, Alberto; Lindberg, Susan; Linnell, Elizabeth; Long, Chris; Mara, Susan; Maurer, Luiz; McVicker, Maureen; Migden, Janine; Milano, Pamela; Miller, Terri; Montovano, Steve; 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; Reis, Jose Lucio; Reyna, Margo; Rishe, Frank; Rizzo, Helen; Roan, Michael; Robertson, Linda; Robinson, Marchris; Rodriquez, Andy; Ryall, Jean; Sampaio, Fred; Shapiro, Richard; Shelk, John; Shortridge, Pat; Staines, Dan; Steffes, James D.; Stephens, Sharonda; Stransky, Joan; Stroup, Kerry; Stubbings, Randy; Styles, Peter; Sullivan, Kathleen; Sullivan, Lora; Thome, Jennifer; Tiberi, Fino; Twiggs, Thane; Van Biert, Teun; Walton, Steve; Warner, Geriann; Watanabe, Mika; Wood, Doug; Yeung, Charles; Yoho, Lisa
Subject:	Global Government Affairs December Department Meeting

I want to update everyone on the next Global Government Affairs Department Meeting.  It will take place as previously scheduled.  See below for details:

Location:	The Woodlands Country Club
		2301 North Millbend Drive
		The Woodlands, TX  77380
		281-367-1100

Date:		December 6, 2001 (Departmental Dinner at the The Woodlands Country Club)
Time:		6:30 PM (CST)

Date:		December 7, 2001 (Department Meeting)
Time:		8:00 AM - 4:00 PM

I have a block of rooms reserved for overnight guests.  Please let me know of your plans to attend, the date you will be arriving, and I will reserve a room for you.

I will update everyone with more details as soon as I get them.

Thanks and look forward to seeing everyone next month.

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


can you make it more official looking, ideally a fax, signed by you, no worries, there is no liability

 -----Original Message-----
From: 	"Erik Cramer" <cramer@cadvision.com>@ENRON
Sent:	Thursday, January 31, 2002 3:05 PM
To:	Zufferli, John
Subject:	Dec 19 marks

Dec 19 marks for small volume
 - Book2.xls << File: Book2.xls >>


There are Unresolved/Open items in the vendor payables system (iPayIt) and employee reimbursement system (XMS).  Employees are strongly encouraged to resolve items in their inboxes.  Please either process and approve, or reject these outstanding business expenses in your inboxes by 2:00 p.m. Monday, December 3, 2001.

For assistance with XMS please contact:
Enron Travel Management
(713) 345-6252, enron travel@enron.com <mailto:travel@enron.com>.

For assistance with iPayIt please contact:
Integrated Solutions Center
(713) 345-4727, iPayit@enron.com <mailto:iPayit@enron.com>


Does Rob want to meet on Oct 5?  If yes, I want to be done by 10:00.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 10/03/2000 06:05 PM -----

	Rob Walls@ENRON
	09/28/2000 04:57 PM

		 To: Mark E Haedicke@ECT, Kristina Mordaunt@Enron Communications, Mike Moran,
Rex Rogers@ENRON, Vicki Sharp@EES
		 cc: James Derrick/Corp/Enron@ENRON
		 Subject: Technology Committee -- Electronic Contracts and Signatures

Three things:

I attach a copy of the memo on the federal electronic signature law that we
discussed this morning.  Mark and I will discuss with Alan his original
proposal of adding a footer to company emails and get back to the group.
Until then no footer will be added.

With respect to Paulette, I understand that each of you agree to bear your
proportionate share of her cost for the budget year 2000--although the basis
of that allocation is still to be agreed.

Finally, we agreed to discuss what projects we would like for our technology
committee to undertake.  I propose that we discuss this topic during next
Thursday's meeting--since Jim will be out of town we can have this meeting in
lieu of the regular meeting.  I think having this discussion now would be
helpful and I think the technology group would greatly benefit from the
meeting as well.  Let me know if that is acceptable to you.

Thanks.

----- Forwarded by Rob Walls/NA/Enron on 09/28/2000 02:12 PM -----

	Nora Dobin
	09/20/2000 03:53 PM

		 To: Rob Walls/NA/Enron@Enron, Alan Aronowitz/HOU/ECT@ECT, AL
ALEXANDERSON/ENRON@Gateway, Sylvia Hu/Corp/Enron@ENRON, Britt
Davis/Corp/Enron@ENRON, Elizabeth Labanowski/EPSC/HOU/ECT@ECT, Colleen
Raker/ET&S/Enron@ENRON, Eva Neufeld/NPNG/Enron@ENRON, Robert
Eickenroht/Corp/Enron@ENRON, Nora Dobin/Corp/Enron@ENRON, Vicki
Sharp/HOU/EES@EES, Monica Jordan Richards/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luiz Watanabe/SA/Enron@Enron,
Jon Chapman/LON/ECT@ECT, Luis Derrota/HOU/EES@EES, Bonnie
White/Corp/Enron@ENRON, Eric Benson/ET&S/Enron@ENRON, Paulette
Obrecht/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: John Ale@AZURIX, Julia Murray@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kristina Mordaunt@Enron
Communications, Eric Newell@ENRON, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Molly Sample@EOTT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rex Rogers/Corp/Enron@Enron, Scott
Sefton/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Julia H Chin/NA/Enron@Enron,
Roseann Engeldorf/Corp/Enron@ENRON, Joel Ephross/Corp/Enron@ENRON, Brenda L
Funk/HOU/ECT@ECT, Gina Karathanos/Corp/Enron@Enron
		 Subject: Technology Committee -- Electronic Contracts and Signatures

As I mentioned at our last meeting, we have been working with issues of
electronic contracts and signatures in Global Finance, especially in the
development, implementation and ongoing operations of the DealBench Internet
site.  Vinson & Elkins has been working with us on DealBench and related
e-commerce matters.  Attached for your information is a V&E memorandum on
electronic contracts and signatures under federal, Delaware, New York, Texas
and certain uniform laws.

As a postscript to the meeting minutes circulated today, Enron Corp., some of
its affiliated entities and third parties successfully are using the
DealBench site for various types of transactions.

Let me know if I can help or provide additional information on any of these
matters.

Regards, NJD


Hey, my vote's in!  As soon as I was aware of the voting, I dropped what I
was doing and cast my vote for the most deserving person, Anthony
Campos-----I mean, Tana Jones.

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

	Tana Jones@ECT
	08/15/00 01:49 PM

		 To: Marie Heard/Enron Communications@Enron Communications
		 cc:
		 Subject: It's that time again...!

I do believe if I got just one more vote for the Chairman's Award this year,
I just might double my tally of last year (one vote).  With such an increase
in my voter approval rating I just make have a landslide victory this year!

The White House may become an option...


I'm o.k. on that day (as far as I can tell).  I'll come down, but would
prefer it to be Jeff.  Original Message-----
From: Mara, Susan
Sent: Friday, August 31, 2001 2:25 PM
To: 'sgovenar@govadv.com'; Hedy Govenar; Bev Hansen; Steffes, James D.;
Susan J Mara; Jeff Dasovich; Kaufman, Paul
Subject: RE: Latino Caucus

This WORKS for me.  Thanks! I can be there.

-----Original Message-----
From: Scott Govenar [mailto:sgovenar@govadv.com]
Sent: Friday, August 31, 2001 1:14 PM
To: Hedy Govenar; Bev Hansen; Steffes, James D.; Susan J Mara; Jeff
Dasovich; Kaufman, Paul
Subject: Latino Caucus

The Latino caucus has moved the date of the dinner from September 4,
which
did not work for Enron, to September 10 at approximately 7:30 p.m.
Please
let me know if this works for everyone.

Thank you.


http://jonesgsm.rice.edu/
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001
04:59 PM ---------------------------

Barbara Ostdiek <ostdiek@rice.edu> on 03/22/2001 04:46:53 PM
To: ostdiek@rice.edu
cc:
Subject: RICE/ENRON FINANCE SEMINAR SERIES

A copy of Paul Schultz's paper, "Who Makes the Market," is now
available.  The paper to can be obtained (by Monday for sure) from Felicia
Jones (Economics), Latha Ramchand (University of Houston), and Vince
Kaminski (Enron) or Barbara Ostdiek (everyone else).

Paul's seminar is Friday, March 30, at 3:30 in Room 201 (note the room
change).

The abstract of the paper is copied below:

Abstract

"I provide evidence that Nasdaq dealers make markets in the stocks in which
they receive order flow.  Several variables used to proxy for the stocks
that individual market maker's brokerage customers would trade, including
trading volume, location, underwriting participation and analyst coverage,
are significant determinants of market marking activity.  Informational
advantages may also be a factor in the market making decision as evidenced
by dealers specializing in stocks in specific industries.  Some potential
problems that arise when researchers ignore the integration of market
making with brokerage, securities analysis and underwriting businesses are
discussed."


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
04:47 PM ---------------------------

"Laura Ide" <lide@riskwaters.com> on 12/22/2000 11:54:31 AM
To: <vkamins@enron.com>
cc:
Subject: Energy & Power Risk Management 2001

Dear Vince,

I would like to confirm the invitation for you to participate at our annual
congress in Houston. Following our conversation, I would be most interested
in  including a presentation on 'Modeling price volatility in US power
markets'  in the pricing, hedging & trading stream on the 14th May,  2001.

I am keen to confirm each speaker and session by the end of next week, which
will then allow time to work with each presenter on titles and points that
will  provide an accurate summary for the session.

If you have any overall views or suggestions regarding the conference feel
free to email me at pbristow@riskwaters.com or call me on  212 925 6990,
extn. 225. I look forward to confirming your participation at  Energy & Power
Risk Management 2001. IMPORTANT: Due to system problems I am  using another
system. Please do not reply to this email. Please reply to the  address given
above.

Yours sincerely,

Paul Bristow

Manager of Conferences, USA

Risk Waters Group
 - spktemp2.doc


GT,  Man you are killing me with that story of the naked blonde.  I almost
cried for not going now.  Is she still married, because if not I want to
propose.

Cabo was pretty sweet.  Plenty of sun, sand, and women.  Hooked up with a
chick from Seattle for most of the week and had a great time.  We went
fishing one day and caught a 100 lb. swordfish.  Took a portion of it to a
restaurant and they cooked it for us.  Awesome.  There were tons of Honeymoon
couples down there.  You might want to check it out.  It is a short flight
and pretty reasonably priced.  They have some great hotels as well.

I will be coming in for the Houston game weekend after next, so have my room
ready.  Talk at ya later.

G


Bob:  not too many new ones.

1.  Continued to see increased volumes and transactions on desk.  As of
November, we have increased volumes to over 5 Bcf/day, up from about 2
Bcf/day last six month period.  We are continuing to handle month end close,
and get all volumes scheduled daily.

2.  Continued to give support to the contract exchange project.  We have
given my time and the resources from the group.

3.  Re-staffed the group after we lost some key, experienced personnel.  We
have the new guys up and running and hope to really make some things happen
from here on out.

If I think of any thing else I will let you know.  Thanks.


Steve:
I am free anytime after 2 tomorrow afternoon.

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


Folks - re: this Thursday's Staff meeting - 8:30 okay for everyone?
Please RSVP,
Thanks,
Joseph

---------------------- Forwarded by Joseph Alamo/NA/Enron on 07/24/2001 10:56 AM ---------------------------
From:	Paul Kaufman/ENRON@enronXgate on 07/24/2001 10:10 AM CDT
To:	Joseph Alamo/NA/Enron@Enron
cc:

Subject:	RE: Welcome back....!

Yes.  The subject is:  budget and headcounts for 2002.

 -----Original Message-----
From: 	Alamo, Joseph
Sent:	Monday, July 23, 2001 4:33 PM
To:	Kaufman, Paul
Cc:	Tracy, Lysa
Subject:	Welcome back....!

......and shall we have a Staff meeting this Thurs?

hope it was fun!

Thanks,
Joseph


FYI
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 12/03/99
01:25 PM ---------------------------

	Enron North America Corp.

	From:  Legal Temp 1                           12/03/99 01:23 PM

Sent by: Mark E Haedicke
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Re: Neil Mayer

Ok to talk to him, I just don't want to get his expectations up.  Mark


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