Hey you said I could delete this one.  Yea!!

Elizabeth L Hernandez
05/22/2000 10:26 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Price disc. on deal 231760 for 04/00

Can you confirm the price on deal 231760 for Lisa Valderrama.
---------------------- Forwarded by Elizabeth L Hernandez/HOU/ECT on
05/22/2000 10:25 AM ---------------------------

Robert Allwein
05/22/2000 10:21 AM
To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Re: Price disc. on deal 231760 for 04/00

This is a CES deal. I do not know who is confirming the pricing for the CES
deals. I would reccomend maybe getting with Chris Germany. Please let me know
if you need something else.

Elizabeth L Hernandez
05/22/2000 09:16 AM
To: Robert Allwein/HOU/ECT@ECT
cc:
Subject: Price disc. on deal 231760 for 04/00

Who is the trader for deal 231760?  As you can see from Lisa's note we have a
price discrepancy.  Can you please help us out.

---------------------- Forwarded by Elizabeth L Hernandez/HOU/ECT on
05/22/2000 09:15 AM ---------------------------

Lisa Valderrama
05/21/2000 10:39 AM
To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Price disc. on deal 231760 for 04/00

It looks like we have a price discrapency on deal 231760 for April
production.  Columbia Natural Resources has invoiced ENA  at $3.02 and we
have the deal priced at $2.14.  Could you please check with the trader and
confirm which price is correct.

Thanks
Lisa
3-7134


Bullets, please.


Hi Iain:

Got a questions for you?  We have a small copier in our Research area
(a Minolta CSPro)  that stays on the blink somewhere, quite a bit of the
time.  The temporary copier in 19K1 is a Kodak Image Source 50.  What
is the difference in price of these two copiers?  Is there any way we could
exchange the Minolta for the Image Source when you bring our permanent
copier to 19K1?

Please let me know.  We would like to do that if we can and it is not too much
more money.

Thanks and have a great day!

Shirley
3-5290


Good morning,

I hope everyone has recovered from the party last Friday.  I think we
definitely have maintained our 'best party of the year' status.  It was a
great night!

To wrap everything up, we want to get the names of our donors to the Calgary
Herald as soon as possible.  We are hoping to have the Herald run the full
page ad showing our sponsors next SATURDAY.  That means that I need you to
make any final phone calls to donors by the end of this week, Monday at the
VERY LATEST.

Please send the names, money, etc. to Kelly.  If you have someone who is
confirmed but will not donate until later, we will put them in the ad.

Kelly, Lauch, Sheila, Shannon/Micheline, Jim, Mike, Bill and Chris can
confirm this, but I think we had about $225,000.00 in the bank the night of
the party, we made about $5,000.00 on the balloons, $8,000.00 on the silent
auction, $18,000.00 on the ticket sales and Sheila just received a large
donation $10,000.00 (?) from CanOxy (I think).  So, it looks like we're at
over $260,000.00 now.  Great job everyone.  It was really wonderful to be a
part of such a successful night!

Thanks again for all your hard work, and get those names in to Kelly,

 Elizabeth Stock

 - att1.htm


Sorry Abigail  - wrong person

Trying to get Liz Taylor

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, October 15, 2001 12:30 PM
To:	Taylor, Abigail
Subject:	From their web page

Why can't I consume alcohol on Atkins? You should not drink alcohol during Induction, but you can drink moderate amounts of alcohol during the Ongoing Weight Loss, Pre-maintenance and Maintenance phases of the Atkins Nutritional Approach. When given the choice, your body will burn alcohol for energy before it burns fat. But alcohol does not act as a carbohydrate so it will not interfere with burning fat in the same way that sugars and other carbohydrates do.
Alcohol consumption may also increase yeast-related symptoms, such as bloating, gas and cravings for sweets, and can therefore interfere with weight loss. Beer, which contains yeast, probably has the most yeast-forming components of any alcohol. An occasional glass of wine or vodka is the best choice. Scotch and other grain-based spirits are more likely to promote yeast problems.
Note: Use only mixers that contain no sugar or fruit juices. Even tonic water contains carbs and regular soda is made with sugar. Seltzer, club soda, mineral water and non-aspartame diet sodas are better alternatives.

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


George,

Per Scott Neal, the non firm volumes should be handled day ahead with the
desk.  He wants to know the volume day ahead and he will give you a quote on
a day ahead basis, not on a set gas daily number for the month.  Please call
with any questions or concerns.  Thanks.

John


Hunter, I spoke with Heather Purcell who is kind of like the intermediate between IT and business in terms of web based commodity information. Basically I informed her that CF was now being released to the gas trader/originators and showed her the message board features for each commodity (have a look on the site .. very cool).

Anyway, when I proposed to her that it would be in her interest to encourage her users to use CF, and that it will not allow a single point of reference for weather information etc. I experienced immediate resistance. Heather basically informed me that her boss, Shankman would not be using the site because it did not contain the power information!! My response was why not use the site at least to facilitate the communication between crude + gas in the mean-time, basically integral markets.

... anyway, I think the basic problem is that Heather et al  have spent a great deal of time + money on the design of all 10 or so EGM sites (prob over 100k), and now her is one site that does it all and more !!!

I know you realize the issues, but for this to be a completely effect tool for the traders, we really need buy in from EGM. I appreciate Heather's resistance, however you can't stop progress.

What do you think ??

-Colin


(See attached file: hpl0706.xls)

 - hpl0706.xls


An invitation is on its way to you to join us at a Cocktail Reception on

Saturday 27th January 2001 from 6-8pm, at Morosani Posthotel, Davos,
Switzerland, during the World Economic Forum.

Please reserve this time - we plan this to be a very special and
enjoyable event.

Regards,

David Walker
Morgan Stanley International Inc.


Can you take care of sending him the executed documents!
----- Forwarded by Tana Jones/HOU/ECT on 05/09/2000 08:28 AM -----

	Deepak Sitlani
	05/09/2000 06:46 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Michael Khajeh-Noori/LON/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Edmund
Cooper/LON/ECT@ECT
		 Subject: Re: Kellogg's

Tana

I do not seem to have received the documentation referred to in my e-mail
below.  I should be grateful if you would e-mail the execution versions both
to me and Michael Khajeh-Noori so that we can mirror the documentation for
the purposes of negotiating a new ISDA with Kellogg's UK entity.
Alternatively, if it is not possible to e-mail them, please fax them to me (+
44 20 7783 8171).

If you  have any questions, please let me know.

In the meantime, many thanks for your help.

Regards

Deepak
---------------------- Forwarded by Deepak Sitlani/LON/ECT on 09/05/2000
12:42 ---------------------------

Deepak Sitlani
03/05/2000 14:44
To: Tana Jones/HOU/ECT@ECT
cc: Michael Khajeh-Noori/LON/ECT@ECT

Subject: Re: Kellogg's

I am looking for the ISDA Schedule, Paragraph 11 to the Credit Support Annex
and the Enron and Kellog guarantees.  If at all possible, it would be ideal
if you could e-mail me the execution versions of these docs.  Alternatively,
please fax them (my fax no. is +44 20 7783 4539).

Many thanks for your help.

Regards

Deepak

From: Tana Jones on 03/05/2000 08:41 CDT
To: Deepak Sitlani/LON/ECT@ECT
cc:

Subject: Re: Kellogg's

The Kellogg ISDA Agreement has been signed, but it is somewhat long.  Would
you like me to fax it to you (if so, what is your fax no.?) or would you like
me to fedex it to you?


Cary,

Here is the picture of the house I have in mind.  I was going for a simple
farmhouse style to  place on 5 acres near Wimberley.

A few points that might not be obvious from the plans are:

There will be a double porch across the back just like the front
No dormers (Metal roof)
1/2 bath under stairs
Overall dimensions are 55 by 40

What I am looking for is a little design help in the kitchen.  More cabinets,
maybe a different shaped island, and a way to enlarge the pantry.    Reagan
suggested that I find a way to make the exterior more attractive.  I want to
keep a simple roof line to avoid leaks, but I was thinking about bringing the
left
side forward in the front of the house and place 1 gable in the front.  That
might look good if the exterior was stone and stucco.  Also the front porch
would
be smaller.

I have 3 bids from builders all around $325,000.  I am ready to go ahead and
have the plans done so I can spec out all the finishings and choose a builder.
I just wanted to give you the opportunity to do the work.  As I mentioned my
alternative is $0.60/ft.  I thought that since I had a such a detailed
sketch, you might consider the job for less than the $6,000 that Reagan
allowed.

Phillip Allen
713-853-7041

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/29/2001
09:10 AM ---------------------------

Hunter S Shively
03/26/2001 10:01 AM
To: phillip.k.allen@enron.com
cc:
Subject:


The overview last week was great.  Are you going to have Phil put together a graph of all expansions?  That would be a nice visual for the desk.

Thanks,
Mike

-----Original Message-----
From: Tycholiz, Barry
Sent: Wed 9/19/2001 9:58 AM
To: Grigsby, Mike
Cc: Miller, Stephanie
Subject: Transportation Volumes

Mike, here is a very brief overview of planned or approved expansions by major pipeline.  There is a lot of detail that supports each of these pipe expansions including, proposed start dates, delivery points, probability etc...

Let's discuss needs...

Perhaps, we can give your group a general overview on expansions in the west, current status etc.

BT

<<transportionvolumes.xls>>


All,

I have an 8:40 am appointment for my car and will be in the office around
9:30 am.


i thought that you were going


you should be hearing from Jim Keller (AOL) and Mike SMith (Lucent)

To: Michael Moran@ENRON, Kristina Mordaunt/Enron Communications@Enron
Communications, Vicki Sharp/HOU/EES@EES, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark E Haedicke/HOU/ECT@ECT
Subject: EnronOnline Credit Derivatives - Reference Entities

Enron North America and Enron Europe will offer credit derivatives through
the EnronOnline website in the near future.  These products will provide for
regularly scheduled payments by the purchaser and a payment by the seller in
the event of the bankruptcy of a specified &Reference Entity.8

For a number of reasons, including those identified below, Enron maintains a
&Restricted List8 in connection with its credit derivatives business, which
will list those entities that may not be included in the list of Reference
Entities or that have been deleted from the list of Reference Entities.  This
list is designed to comply with legal requirements, to deal with potential
conflicts of interest that might result because of our diverse activities,
and to prevent the appearance of impropriety in connection with Enron,s
credit derivatives trading activities.  The credit derivatives Restricted
List is designed for other purposes as well.  For example, a company may be
placed on the Restricted List if Enron is not able to assume any further
credit exposure to that company or believes that market conditions do not
warrant the trading of Credit Derivatives on such Reference Entity.

A company ordinarily will be placed on the credit derivatives Restricted
List, either before or after it has become a Reference Entity on which credit
derivatives are traded, in the following circumstances:

when Enron is actively engaged in effecting a material transaction with
respect to such company that has not been publicly announced;

when Enron has an applicable standstill agreement or other confidentiality
agreement in place with such company;

when Enron has a legal duty to keep such company's information confidential
and such company has not expressly consented to being a Reference Entity for
purposes of the trading of credit derivatives (such a legal duty may be a
fiduciary duty but may not rise to that level);

when some part of Enron acquires material, nonpublic information about a
company or its securities in the course of its business activities;

when Enron has reached or exceeded its credit limits with respect to such
company.

The purpose of this memorandum is to alert you to this new business and to
request your assistance in evaluating proposed Reference Entities prior to
the trading of credit derivatives based on such companies.  Below is a list
of proposed Reference Entities.  Please take a few minutes to look at this
list and then let me know if you are aware of any reason such companies
should placed on the credit derivatives Restricted List.  If you have any
questions, please contact me at (713)853-7459 or Paul Simons in the London
office at 44-20-7783-6566.

Cinergy Corp.
Duke Energy Corporation
Dynegy Inc.
El Paso Energy Corporation
PG & E Corporation
Southern Company Inc, The

AOL
Lucent Technology
Nortel
Qwest Communications


The following original documents, received today, have been forwarded for
your immediate review and consideration:

CSI Hydrostatic Testers, Inc., Debtor ) Ch. 7 Bankruptcy; No. 00-35702-H4-7,
In the U.S. Bankruptcy Court, S.D. of Texas, Houston Div.  TRUSTEE,S MOTION
and TRUSTEE,S EXPEDITED MOTION  to ENA CLO I Holding Company I, LP by regular
mail on 12/8/00.

PLEASE ADVISE IF NOT RECEIVED WITHIN 1 BUSINESS DAY.

Thank you !!

Becky A. Stephens
Litigation Unit, Support Services Coordinator
713/853-5025
EB4809


Thanks for getting on top of this.  Please get the word out to the HR team
leaders as soon as you know more.

From: Aaron Brown/ENRON@enronXgate on 07/13/2001 11:36 AM

To: Steven J Kean/NA/Enron@Enron, Mary Joyce/ENRON@enronXgate

cc:

Subject: Enron's PaineWebber Service

Rocky Emery, the Dowd family, Kim Bowden, and another 15 or so employees of
UBSPaineWebber (our stock tracking provider...options, restricted stock, etc)
left yesterday evening without any warning.  They went to 1st Union.

I've set up a meeting at 2pm today for us to go over to UBSPW and make sure
they understand the special needs of Enron and to make sure our service will
not be affected.

I am reviewing the contract in place between PW and Enron to understand the
affects of this move by Emery and his staff on the agreement.  Also, I'm
going to see about getting 2 providers of the stock tracking service from the
following list:  (in case this happens again, we'll have a solid back-up
immediately)

UBSPaineWEbber (our current provider)
1st Union (where Rocky Emery went)
Solomon Smith Barney (way ahead of the competition from a technology
standpoint...and has done the two provider thing before)
Prudential (another option with internal connections)

let me know if you think I should include any others or would like to discuss.

Thanks,
Aaron


Jeff,

I appreciate your help. I sent a note to the Prof last week letting him know
your
concerns and asking him to verify once more that a group size of 5 was OK. I
got
his response today that it was. Apparently, my old group was the only one
with 3,
most of the others have at least 4. If there really is a lot of resistance I
will
ask the Professor to assign me randomly to a group. I would simply prefer to
join
one that I chose. I appreciate you're group's helping me out of this awkward
spot,
if they decide to let me in. Let me know,

Thanks,
Christine

Jeff.Dasovich@enron.com wrote:

> Hi Christine:
>
> Yes, forwarded the email you sent last week.  Here's where folks came out.
> First, we think that the folks in your first group are mean.  Second, it's
> a real challenge managing a group of four and there's concern that five
> will break the camel's back.  Suggestion came up that it might be much more
> mangageable if you could try to link up with a smaller group first.  If
> there's a problem finding a smaller group, then we could try to do five and
> hope the ship don't sink?
>
> Sound reasonable?
>
> Best,
> Jeff
>
>
>                     Christine Piesco
>                     <christine.piesco@o        To:
Jeff.Dasovich@enron.com
>                     racle.com>                 cc:
>                                                Subject:     Re: Teams
>                     10/02/2000 01:14 PM
>
>
>
> Jeff,
>
> Have you had a chance to convey what I said to the group, and can I join?
> Professor Aceves was aware that I talked to you about joining your group,
> and
> he sent me an email asking to confirm that I was now in a group. I'd
> certainly
> like to be! As you know, I want to make sure I am in one to do the next
> assignment with. Please let me know, so that if I am joining your group I
> can
> make the meetings and contribute to the next case. I do really appreciate
> your
> help. :)
>
> Thanks,
> Christine
>
> Jeff.Dasovich@enron.com wrote:
>
> > Christine:
> >
> > My apologies.  My schedule melted down after we talked on Monday.  Here's
> > where folks came out.  There's some concern about size.  We're supposed
> to
> > be no larger than 3, but we lobbied Aceves and he apparently Ok'd our
> > "oversized" group.  The other folks in the group--who talked to him
> > originally--are pretty sure that five will violate the rules.  Folks
> > wondered if there were other groups that are smaller than ours that you
> > could hook up with.  Sorry about that---it's a wrinkle that I didn't
> think
> > about when we spoke.  If it gets real ugly trying to find a smaller
> group,
> > let me know.  Fortunately there's not another team case due for two
> weeks.
> >
> > Best,
> > Jeff
>
> --
> Christine Piesco
> Industrials Account Manager
> Oracle Corporation
> 500 Oracle Parkway
> Redwood Shores, CA 94065
> Phone: (650) 506-3640
> Fax: (650) 633-3753
> christine.piesco@oracle.com
>
> (See attached file: christine.piesco.vcf)

--
Christine Piesco
Industrials Account Manager
Oracle Corporation
500 Oracle Parkway
Redwood Shores, CA 94065
Phone: (650) 506-3640
Fax: (650) 633-3753
christine.piesco@oracle.com

 - christine.piesco.vcf


---------------------- Forwarded by David W Delainey/HOU/ECT on 08/08/2000
10:51 AM ---------------------------

David W Delainey
08/08/2000 10:48 AM
To: Joeseph Short@ENRON
cc:
Subject: Follow-up to Comments in enside

Joe, thanks for the message. It has been my experience that people who have
had experience in our trading, mid market and structuring groups have a
better overall understanding of how Enron (ECT or ENA) looks at value and
manages risk.  Personally, this is the track I took which included a very
solid foundation in accounting, operations, trading, structuring and then
ultimately in origination.

I hope this helps.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 08/08/2000
10:44 AM ---------------------------

Joseph Short@ENRON
08/03/2000 02:59 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Follow-up to Comments in enside

Dave-

You mentioned in enside that some of the skills needed to succeed at Enron
are solid structuring skills as well as a grasp of the the accounting, legal,
commercial and credit implications of a deal.  What is the best way to obtain
these skills?  Do you believe it is necessary or worthwhile to work a trading
desk to truly understand how ENA functions?

Thanks,

Joe Short


Revision.
Original message should have read:

As Jeff mentioned at yesterdya's Executive committee Meeting, he would like
to get together at 3:00 p.m.
(30 minutes) on Tuesday, June 5, to coordiante our message to Janus.

 -----Original Message-----
From:  Valencia, Laura
Sent: Wednesday, May 30, 2001 11:21 AM
To: Koenig, Mark; Delainey, David; Fastow, Andrew; Frevert, Mark; Whalley,
Greg; Lavorato, John; Rice, Ken; Hannon, Kevin
Cc: Rieker, Paula; Grow, Christina; Daw, Nicki; Taylor, Liz; Dalton, Dorothy;
Brown, Carol Ann; Williamson, Joannie; Chapman, Kay; Maronge, Bridget
Subject: Message from Mark Koenig Re:  Janus Meeting

Thank you for agreeing to meet with Janus on Wednesday, June 6, 2001.  The
schedule is attached.
As Jeff mentioned at yesterday's Executive Committee Meeting, he would like
to get together at 3:00 p.m.
(for 30 minutes) on Monday, June 5, to coordinate our message to Janus.

Please let me know if you cannot attend.

Mark Koenig

 << File: Janus-6-6-2001.doc >>


Yes I have.  They should receive payment soon.

Chris.Germany@enron.com on 05/07/2001 03:31:54 PM
Please respond to Chris.Germany@enron.com

To: Ernie Simien/CES/ColumbiaGas@COLUMBIAGAS
cc:

Subject: Amerada

Are you looking at the imbalance trade behind NIMO with Amerada Hess for
April 2000?


Hey:
Any good set of 4 available for Sunday's game


Daren,

Please take a look at the attached spreadsheet, we have over 500,000mmbtu as
unaccounted for... O'Neal 3-9686


Thanks for the message.  It's good to hear from you again.  We have already
hired Racicot (who now works for Bracewell and Patterson), but I'm not sure
that our arrangement would include what you may need, so I'm copying Linda
Robertson in our DC office.  Also, I'll copy Jim Derrick so he knows we might
expand our relationship there.
Linda and Joe - thoughts on BPA and EOL?

	Pamela Lesh/ENRON@enronxgate
	03/05/2001 04:04 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: Paul Kaufman/PDX/ECT@ECT
		 Subject: Several matters

Hi, Steve!  Long time no talk.  I hope you are well - I KNOW you are busy!  I
just have a couple of matters for your attention:

1.  We, as part of a group of Northwest IOUS, are exploring the possibility of
retaining former Montana Governor Racicot to work BPA issues on our behalf.
PGE will continue with Mike Andrews as our lobbyist but Racicot would work for
the IOUs as a group.  Does this cause you any concerns?  Incidentally, we may
step up our efforts somewhat in the general area of BPA because of the
situation out here.  Please let me know if I or Mike should be coordinating
what we do with any of your folks in DC.

2.  One of the major Northwest issues is who will be the next BPA
Administrator.  For a variety of reasons, there really aren't any good
candidates from the Northwest and we're probably all to close to the situation
anyway.  I was wondering if the Enron net could come up with any good ideas
for someone with good energy and policy experience from outside the Northwest?
 Someone who would appeal to the Bush administration?

3.  With the delay in closing our sale to Sierra, we would very much like the
ability to use Enron Online for trading.  I believe we can get the regulatory
approvals necessary but apparently when we raised this some months ago, there
was strong opposition from within Enron, particularly Joe Hartsoe.  Do you see
an issue with pursuing this?  How do you suggest I move this forward?

Thanks, Steve.  As you may hear from time to time, things are going well here
in Oregon.  We are proceeding on our restructuring, which is beginning to get
notice from NARUC and others as a possible model for states that have not yet
proceeded.  It's an interesting world.  I look forward to hearing from you.


Paul
How about meeting at 11:30 or 12? I am in the office so give me a call.

CD 3-1663


Overview

Our bankruptcy filing requires a cultural change in the cash management procedures of Enron.  Because of our fiduciary obligation to our creditors, we now must move to centralized cash management.  These new procedures will amend our prior policy.  As management of the "Debtor", we should approach each decision about our business, including cash receipts and disbursements, from the perspective of, "Does this enhance the value of the Debtor's estate?"  This memo addresses the new policies that are to be immediately implemented both for entities in the Chapter 11 reorganization and entities that have not filed.  There will be a meeting Wednesday, December 5, 2001 at 2:00 PM in the Board Room on the 50th floor to discuss the new policies.

As a debtor-in-possession ("DIP"), we have new cash flow reporting obligations and we must develop and adhere to a cash flow budget.  Failure to adhere could have serious consequences to our DIP financing availability as well as diminish our credibility with the creditors with whom we must negotiate our ultimate exit from Chapter 11 as a reorganized entity.

All Enron business units (not just the ones in bankruptcy) will need to conform to these new requirements because additional entities are likely to be included in the bankruptcy filing, and because it is extremely important for Enron management to be able to see the totality of cash flow requirements for the Company.

There are special procedures outlined at the end of the memo specifically relating to the business units in bankruptcy (the Debtor business units).

New Processes and Procedures

Until further notice, a newly formed committee, the Cash Flow Management Committee (the "Committee"), will meet daily to review and approve daily payments and 5-day projections for each business unit.  The Committee will be headed by George Wasaff and will also consist of Ray Bowen, Dave Gorte, Tim DeSpain, Bob Butts, Julia Murray and Lisa Mellencamp.  The Committee will be assisted by our financial advisor, Batchelder & Partners and our outside counsel, Weil, Gotshal & Manges.  The Committee will review payments only after approval by the business units.  Business units remain responsible for their own internal approval processes.

George Wasaff will be the Company's "Cash Czar".  His responsibilities will include (i) a review of weekly cash budgets from all business units, (ii) presentation of weekly budgets to the Committee for approval, (iii) a review of daily disbursements for the current and immediately succeeding days and (iv) comparison of actual to budget variances for cash receipts and disbursements.

As outlined in Rick Causey's memo of December 4, 2001, all business units must provide weekly cash flow projections.  Each week's submission should be accompanied by a sufficiently detailed explanation of any variances between budget and actual cash receipts and disbursements for the preceding week. Further details of the exact requirements and format of these projections will be provided at the meeting.

All divisions must also provide rolling 5-day cash flow projections through the intranet system by 9:00 am each day.  These 5-day projections must include a projection of all cash receipts and disbursements for the subsequent 5 business days.  Copies of all supporting documentation should be sent to George Wasaff, Mary Perkins, and Tim DeSpain.  Each business unit will be responsible for pre-screening weekly budgets and eliminating any non-essential payments.  This projection should agree to weekly cash flow projections provided on each Friday for the ensuing calendar week with variances clearly identified.  By working with 5-day rolling projections, we can eliminate the last minute scramble to assure that  the payment is consistent with our situation.

In order to be eligible for payment, items must appear on the weekly and daily cash flow projections.  Failure to include on both will result in non-payment.  Since our payments are subject to heightened scrutiny, our general rule is that the practice of same day and manual wires will be discontinued.  In addition, please flag any payments made to related parties as these may require separate reporting to the Court.  Any questions on this process should be routed to George Wasaff.

Special Procedures for Debtors (Companies in bankruptcy)

See the attached Exhibit A for a list of the current Debtor Companies.  Additional companies may be added with each having its own petition date.  As a general rule, we are legally prohibited from paying any pre-petition liabilities.

The standard for what constitutes pre-petition is:
?	Were goods delivered to Enron prior to December 2, 2001 (or specific petition date for entities filing after Dec. 2)?
?	Were services provided prior to the petition date?
?	If requests for payment are not clear, the business unit must contact vendors and request them to provide an invoice, signed by an officer, stating what portion of the goods or services were delivered pre-petition.
?	If you are unsure or have any questions, please contact George Wasaff.

You must segregate any pre-petition claims for payment.  In virtually all cases these claims will not appear on the cash disbursement list because we are generally prohibited from making payment.  However, the Company does have very limited authority to make payment to pre-petition vendors deemed to be "critical".  In order for a pre-petition disbursement to be approved, such disbursement must:  (1) make sound business and operational sense; (2) be mission critical; and (3) there must not be a substitute vendor.  The business unit heads will be responsible for ensuring that recommendations to the Committee for any disbursements to critical pre-petition vendors meet this test.  The Committee's presumption will be that a vendor is not critical.  If you believe that a pre-petition claim clearly meets the "critical" test, you may submit it as a clearly flagged item, stating your reasons for requested payment.  The Committee and corporate management will consider these recommendations by the business unit.

Internal Controls

We need to reassess internal controls and determine if changes are required, especially in light of recent personnel changes.  All internal controls, new and existing, will be subject to review by Andrew Parsons.  He will be communicating with you regarding his assessment and requirements for any changes to be made.

I look forward to seeing you this afternoon at the meeting.

Exhibit A - Enron Entities that Have Filed

Filed December 2, 2001

1.	Enron Metals and Commodity

2.	Enron Corp. (Main Case)

3.	Enron North America Corp.

4.	Enron Power Marketing, Inc.

5.	PBOG Corp.

6.	Smith Street Land Company

7.	Enron Broadband Services, Inc.

8.	Enron Energy Services Operations, Inc.

9.	Enron Energy Marketing Corp.

10.	Enron Energy Services, Inc.

11.	Enron Energy Services, L.L.C.

12.	Enron Transportation Services Company

13.	BAM Leasing Company

14.	ENA Asset Holdings, L.P.

Filed December 3, 2001

15.	Enron Gas Liquids, Inc.

Filed December 4, 2001

16.	Enron Global Markets, L.L.C.

17.	Enron Industrial Markets, L.L.C.

18.	Enron NetWorks, L.L.C.


Both Mike Swerzbin deals were in incorrectly. We've changed them, and added
the last deal for Matt Motley.

495106
Off Peak

495175
50 MW

Matt's deal should show up any minute.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/11/2001 02:05 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 1/11/01 errors

Mike Swerzbin

ref 495106
Prebon says this s/b off-peak not peak

ref 495175
Prebon shows 50 mw not 25

Matt Motley
I am missing the following deal per Amerex for Matt:
Enron buys EES 25mw Q3'01 PV at $275.00


To: All Enron Employees:
This is a reminder that there will be an all-employee meeting at 10 a.m. Houston time, Thursday, Aug. 16 in the Hyatt Regency Houston's Imperial Ballroom, to review Enron's second quarter financial and operating highlights and update you on key issues affecting the company.

Accessing the Meeting via Streaming Video/Audio
If you are a Houston-based employee and can't attend the meeting, or if you are located in London, Calgary, Omaha, New York or Portland (ENA), you can access the live event at <http://home.enron.com/employeemeeting>. Enron Europe employees will receive a follow-up message from their Public Relations team concerning online access to the meeting.

Video Teleconferencing
The meeting will be available by video teleconference to employees in Sao Paulo, Buenos Aires, and Dubai.

Audio Via Telephone
For those of you who cannot access the live event, you may access the meeting over the telephone by dialing the following numbers:
United States: 	(888) 428-4470

International: 	(612) 332-0226
(612) 332-0107
(612) 332-0637
(612) 288-0329
* The host will ask you what call or event you will be connecting to.  Reply Enron.

If you encounter technical difficulties, please contact your IT help desk.


I have received several calls this morning regarding the above, so apparently
there is some doubt.  Please be advised that the executive committee will not
meet today.  Further, due to travel schedules and the holidays, executive
committee meetings will not be held on Monday, December 18 or Monday,
December 25.

Please make note that the next executive committee meeting will be held on
Tuesday, January 2, 2001at 11:00 a.m. in EB50 Boardroom.

Don't hesitate to contact me should you have any questions.

Regards and Happy Holidays!
Sherri
x3-5984


too complicated

	Enron Capital Management

	From:  David Baumbach                           01/04/2001 10:51 AM

To: Patrick Ryder/NA/Enron@Enron, Eric Bass/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT
cc:
Subject: Craps

http://www.gamblingmachine.com/craps/


Thanks to Stephen Motzko of Solectron - attached is a readable and hopefully
downloadable version of the final Bay Area Economic Forum Report.  Thanks
again.  L

 - EnergyStudyApril2001.pdf.pdf


As you requested, we have set your Enron Matching Gifts and Volunteer Incentive Programs password.

Our records list your Email Address as: kay.mann@enron.com

If you did not request the action(s) listed please contact 1-866-545-9204 as soon as possible to ensure that your online account is secure.


Please call the help desk at 713-853-4777 for assistance.


The following individuals are scheduled to visit the Lincoln Energy Center
on Thursday, October 26:

Wayne Belko         Environmental             Exelon
Mike Cazaubon       Project Manager           Exelon
Mike Cunningham     Power Marketing           Exelon
Ziggy Karpa         Environmental             Jacques Whitford Co.
Walt Masny          Operations/Technical           Power Engineering
Services
Bill Strickland          Operations/Technical           Exelon

Our flight arrives at O'Hare at 9:21 AM.  We plan to reach Lincoln by 11:00
AM and stay through about 3:00 PM.

We are working on additional questions for our visit which we will send to
you as soon as possible.

Thanks again for your help.
Mike Cazaubon

************************************************************************
This e-mail and any of its attachments may contain Exelon Corporation
proprietary information, which is privileged, confidential, or subject
to copyright belonging to the Exelon Corporation family of Companies.  This
e-mail is intended solely for the use of the individual or entity to
which it is addressed.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution,
copying, or action taken in relation to the contents of and attachments
to this e-mail is strictly prohibited and may be unlawful.  If you have
received this e-mail in error, please notify the sender immediately and
permanently delete the original and any copy of this e-mail and any
printout. Thank You.
************************************************************************


TECO TAP       10.000 / ENRON ; 85.000 / HPL IFERC


----- Forwarded by Jeff Dasovich/NA/Enron on 01/23/2001 10:27 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/22/2001 04:50 PM

		 To: Jeff Dasovich/NA/Enron@Enron, tyson@haas.berkeley.edu,
pverleger@compuserve.com
		 cc:
		 Subject: Proposal for California

Dean Tyson:
Attached is the proposal.  Your comments are welcome and appreciated.  I'd be
happy to input any that you might have prior to forwading to Secretary
Summers.  Phil and I will have a list of potential contacts from the business
community to review in the next couple of hours.  If you need anything, don't
hesitate to contact me.  Perhaps you and Phil and I could touch base later
today or this evening to talk about next steps.  Thanks again for your
efforts.

Best,
Jeff

415.782.7822
pager: 888.916.7184


Please see the following instructions for the new messenging board.  If you
have any trouble entering into this site, please let me know.  Everyone
should now be setup and ready to go. You will have to add this site to one of
your favorites.

The Gas Message Board application can run on both IE5.0 and IE5.5 now.

Attached is the URL for user to run the application.

http://gasmsgboard.dev.corp.enron.com

Please feel free to forward above URL to people who like to test the
application.

Here is the steps they should do:

1) Launch Internet Explorer

2) Type: http://gasmsgboard.dev.corp.enron.com (or just open this email and
click on above URL)

3) Users should see the messages if there is any new messages for today. If
they don't see any messages, there are two reasons:
 (1) They are not valid users. Their names have not been added into the NT
Web_GasTraders Group yet. Please contact Chrysti Hardy to add their names
into the group.
 (2) There is no new messages added yet.

4) Click on "Comments" button to add messages: there will be a popup window
when user clicks on "comments" button. There are two ways to send the
messages after typing the
messages into the text box:
 (1) just simply press enter to send the message. or
 (2) click on "send" button to send the message.

5) After the message has been sent, The message will be displayed on the main
window immediately, the rest people who are online will get the new message
in less than 30 seconds. This time can be reduced to as less as 1 second.
However, I would not recommend to reduce the time interval less than 10
second.  Because each time the browser refreshes the screen, the screen will
be blink. Users don't want the screen blink every second while they read the
messages.

6) All messages will be cleaned up daily at 6:00PM. If they like to clean
them up later than 6:00PM, please let me know. I can reset the time.

Note: Right now the application is under test environment. If they like it, I
will move it into production environment soon.

Let me know any feedbacks.

Thanks,

Fangming


Tana:

The only CP on the metals list that is authorized to trade US power is Kaiser
Aluminum & Chemical Corporation.

Leslie


communicated today.  thanks for the reminder.

	From:  Shelly Butler                           08/14/2000 11:43 AM

To: Scott Neal/HOU/ECT@ECT
cc: Tod Lindholm/Enron Communications@Enron Communications, Rob Brown/Enron
Communications@Enron Communications
Subject: Closure Required - Mid Year PRC Results for Associates & Analysts

As you know, the deadline for communicating the final PRC results was Friday,
August 11.  However, Tod Lindholm with EBS has not received the PRC results
on Rob Brown.  I appreciate any information you can provide Tod as he is
trying to provide feedback to his Associates and Analysts.  Please contact me
at 3-4584 if you wish to discuss.

Thanks,
Shelly
---------------------- Forwarded by Shelly Butler/HOU/ECT on 08/10/2000 11:27
AM ---------------------------

Gwendolyn Petteway@ENRON
08/07/2000 06:54 PM
To: Barry Tycholiz/CAL/ECT@ECT, Robert Hayes/FGT/Enron@ENRON, Brad
Richter/Enron Communications@Enron Communications, Daniel
Castagnola/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, W David Duran/HOU/ECT@ECT,
Richard Leibert/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don
Black/SA/Enron@Enron, Fred L Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
D Steffes/HOU/EES@EES, Kevin M Presto/HOU/ECT@ECT, Mark Ruane/HOU/ECT@ECT,
Ozzie Pagan/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Sean A Holmes/HOU/EES@EES,
Sean Long/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Neal/HOU/ECT@ECT, Ben
Jacoby/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, David
Bowers/HOU/AZURIX@AZURIX, David Crews/Enron Communications@Enron
Communications, Ed Smida/Enron Communications@Enron Communications, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico Cerisoli/SA/Enron@Enron,
James W Lewis/HOU/EES@EES, Jon Thomsen/Enron Communications@Enron
Communications, Michael Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rockey
Storie/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Steve
Jernigan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William Gehle
Jr/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Joseph W Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Charlene
Jackson/Corp/Enron@ENRON, Celeste Roberts/HOU/ECT@ECT, Teresa
Bosien/HR/Corp/Enron@ENRON, Jana Giovannini/HOU/ECT@ECT, Shelly
Butler/HOU/ECT@ECT, Joan Woodson/HOU/ECT@ECT, Nedre Strambler/HOU/ECT@ECT,
Constance Charles/HR/Corp/Enron@ENRON, Victoria McDaniel/Corp/Enron@ENRON,
Marie Minor/NA/Enron@Enron
Subject: Closure Required - Mid Year PRC Results for Associates & Analysts

I recently joined the Associate and Analyst Program Management Team as
Director of Career Development.   Celeste Roberts, who handled many facets of
the Associate and Analyst Program will now focus primarily on Recruiting.  I
am responsible for staffing, rotation management, and performance management
reporting directly to Charlene Jackson.   Going forward, I will partner with
the PRC Representatives and Human Resources to work through our mid-year and
year-end performance management process.

There are just a few remaining tasks necessary in order to bring our mid-year
effort to a close.  As we are getting inquiries from Supervisors, Associates
and Analysts regarding mid year ratings, we strongly encourage you to
communicate final ratings to the Supervisors by no later than Friday, August
11, 2000.    As was discussed in the PRC meetings in July, Managers have been
given until September 15 to conduct performance reviews.    If you need our
assistance in communicating information to the Supervisors, please let me
know and we will provide ratings where requested on your behalf.

Additionally, as we introduced a new process during our mid year review
efforts, it is crucial that we solicit your feedback.   To assist in this
effort, we have identified an Associate and Analyst PRC Project Team.
Please look for an evaluation form via email in the next several weeks that
requests feedback on how well we delivered our mid year process and how we
might improve.  We our counting on your partnership and candid feedback.

Once again, the Associate and Analyst Program Management Team would like to
thank you for your involvement in the performance review process.  I can be
reached at 713-853-7351.  My assistant is Constance Charles and she can be
reached at 713-853-5614.  I look forward to working with each of you.


Mike - For April 1 business I would suggest CMD and the other Columbia
Utilities recall the capacity they gave to CES and reput it into New Power's
Name.  This will eliminate retail business on the CES Navigator ID.  In
addition, New Power Capacity will be under the correct entity for billing and
credit purposes.  .  ENA wants to make sure the large storage contract will
also be released to New Power, instead of CES.
Scott


I called Paul and here's what he had to say about the export costs for
non-firm power out of PJM:
$0.67/MWh for scheduling + $0.49/MWh to export = $1.16/MWh. He was not aware
of anything for operating reserves.


Shmuel,

What about the following: "Volatility of Electricity Prices. Measurement and
Analysis of Underlying Causes."

What about dinner on the 23rd, following the presentation?  I shall be on the
campus on the 16th, but it seems that my presentation to the students will
end rather late (assuming they will show up). Please, let me know what you
think.

Vince


I'd like to attend.  SS

Sheri L Cromwell
10/21/99 09:24 AM
To: Suzanne Adams/HOU/ECT@ECT, Erica Braden/HOU/ECT@ECT, Joya
Davis/HOU/ECT@ECT, Joyce Dorsey/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT,
Kaye Ellis/HOU/ECT@ECT, Jenny Helton/HOU/ECT@ect, Taffy Milligan/HOU/ECT@ECT,
Linda J Noske/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Linda J
Simmons/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT,
Brenda Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT,
Peggy Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT,
Barton Clark/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT,
Shonnie Daniel/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT,
Barbara N Gray/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Cynthia
Harkness/HOU/ECT@ect, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Monica Jordan/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT,
Travis McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT, Doug Pedigo/HOU/ECT@ECT, David Portz/HOU/ECT@ECT,
Michael A Robison/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT,
Lou Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT,
Steve Van Hooser/HOU/ECT@ECT, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Genia FitzGerald/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT,
Ed B Hearn III/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT, Mary
Ogden/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT,
Kay Young/HOU/ECT@ECT
cc:
Subject: Dow Jones Interactive Presentation

Space is still available for Friday's presentation in EB 38C1 from 2:00 to
3:00 p.m.  Please let me know if you would like to attend!

Sheri
3-3543


Hello from Amazon.com.

We're writing to confirm that we have processed your refund for
$18.00 for the above-referenced order.

This amount should appear as a credit on your next credit card statement.
For more information about this refund, please visit Your Account
(http://www.amazon.com/your-account) to view the above-referenced order.
Completed returns and refunds will appear at the bottom of the order
summary page.

We hope that this is a satisfactory resolution for you.
If you have any questions, please contact us via e-mail, fax, or
phone:

E-mail: orders@amazon.com
Fax:    1-206-266-2950
Phone:  1-800-201-7575 for US customers
        1-206-266-2992 for international customers

Thank you for shopping at Amazon.com.

-------------------------------------------------------------
Amazon.com
Earth's Biggest Selection
info@amazon.com             http://www.amazon.com/
-------------------------------------------------------------


I need this document today in a big way.  Can you assist in getting it
located?  If Kay doesn't have it, it is possible that Lisa Mellencamp might.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/02/2000 08:50
AM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           08/01/2000 01:47 PM

To: Kay Young/HOU/ECT@ECT
cc:

Subject: Re: CA's

Do you have a copy of the one with Virginia Power?

Thanks,

Kay

Kay Young@ECT
08/01/2000 12:29 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: CA's

	Kay Mann@ENRON
	08/01/2000 11:41 AM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: CA's

Hi Kay,

I trying to find out if we have confidentiality agreements with the following:

Virginia Power  I have an agreement with Virginia Electric & Power Co. in
Richmond  re possible power purchase agreement for possible  purchase of
electricity from various sources including, but not limited to, ENA's
proposed electric generation facility to be located in Edgecombe County,
North Carolina - April 2000 to April 2002

Dominion Resources (or something close)  There is a Dominion Resources, Inc.
in Richmond - we do not have any agreements with or pertaining to them -
There is a Dominion energy Canada Ltd.  with who we have an agreement
regarding their potential acquisition of Blue Range Resource Corporation

Electricities (don't know the remainder of the name)  There is a recently
expired (6/2/97 to 6/2/00) Electricities of north Carolina, Inc. agreement re
Electricities on behalf of North Carolina Eastern Municipal Power Agency and
North Carolina Municipal Power Agency Number 1is exploring the feasibility
and desirability of certain arrangement \s between Electricities, Eastern
and/or Agency 1 and Enron

North Carolina Eastern Municipal Power Agency - Nothing with or pertaining to
North Carolina Eastern Municipal Power to the best of my knowledge.

Thanks,

Kay

Hope this helps.
Kay


Clark,

My meeting with Mark was a big yawn.  He took the all to sensible approach
and decided he ought to read the Memo first and get back to me. I imagine
I'll hear from him later tonight or tomorrow.

In the meantime, the following sets of coal and ash handling agreements have
arrived from ReUse Technology's Kris Johnson. Gerald Nemec, who works in my
Group has been assisting Dwight Beach with this portion of the project.  He
has alot of other work on his plate and is trying to recover from the flu, so
we need your help.

I would appreciate your reviewing or having someone review the attached and
give Gerald a call at 33512.  The principal concerns that I know to have is
that the current drafts are taken from what were intercompany contracts
between Cogentrix and this ReUse affiliate; thus, the contract may lack the
protections that a service recipient should receive.  If there is a waiver of
consequentials provision in these contracts, I would question whether that is
to the benefit of a fee paying service recipient. Also, since we don't know
how long Enron will be involved in the ownership of the plants, the
termination provisions need to be particularly flexible.

Finally, I will be sending you a rough draft of an O&M Agreement that Gerald
prepared for use in negotiating a transaction with Jerry Campbell (of Power
Systems) new O&M Company.  Gerald and I are expecting to receive comments
from Dwight, better outling the terms of the deal some time soon.

I understand that Jerry will be in town tomorrow and Thursday--tomorrow is
intended to cover commercial matters and Thursday is slated for legal
matters.  Thus you review, analysis and understanding of the attached prior
to that time would be helpful.

Please call me and/or Gerald as soon as you have had a chance to review the
attached and the O&M Agreement.

Steve Van Hooser

----- Forwarded by Steve Van Hooser/HOU/ECT on 01/09/2001 01:23 PM -----

	Dwight Beach
	01/09/2001 10:16 AM

		 To: Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT, Steve Van
Hooser/HOU/ECT@ECT, Reagan Rorschach/NA/Enron@Enron
		 cc: Glenn Wright/Corp/Enron@ENRON
		 Subject: Contracts for ash and coal

---------------------- Forwarded by Dwight Beach/HOU/ECT on 01/09/2001 10:15
AM ---------------------------

"Johnson, Kris" <KrisJohnson@Cogentrix.com> on 01/09/2001 10:10:13 AM
To: "'Dwight.Beach@enron.com'" <Dwight.Beach@enron.com>,
"'gerald.nemec@enron.com'" <gerald.nemec@enron.com>
cc:
Subject: Contracts for ash and coal

Dwight:

Here are the contracts as submitted yesterday with the pricing change to the
Level 3 Capacity in ash handling as mentioned earlier today.  I have
forwarded a copy of the contracts to your attorney for his review as well as
a set to ReUse's attorney.  I will contact you this afternoon to make sure
you received the contracts, have any questions and see what the next steps
involve.  If you have any questions, please do not hesitate to call.

Kris Johnson
 <<#599831 v1 - Agreement for Ash Removal Services for Lumberton Power.doc>>
 <<#599837 v1 - Agreement for Ash Removal Services for Elizabethtown
Power.doc>>  <<Elizabethtown - Coal Hauling Agreement.doc>>  <<Lumberton -
Coal Hauling Agreement Revised.doc>>

 - #599831 v1 - Agreement for Ash Removal Services for Lumberton Power.doc
 - #599837 v1 - Agreement for Ash Removal Services for Elizabethtown Power.doc
 - Elizabethtown - Coal Hauling Agreement.doc
 - Lumberton - Coal Hauling Agreement Revised.doc


Please be advised that the interview for Mary Poorman, to be held TODAY will
be in room 3671.   The schedule is as follows:

Pat Clynes 2:30
Lauri Allen 3:00
Gary Hanks 3:30
Daren Farmer 4:00


Just heard this on an IEP call and wanted to pass it along.

SoCal gas has announced that it may have to curtail gas to power plants this summer.  SoCal Gas says it has to put gas in storage for winter and may not be able to do that and serve the power plants. Apparently, SoCal is shipping gas to Mexico at the same time. That will not look good to CA politicians.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Dear All,

David Minns has obtained local counsel (ISDA's counsel) on this issue (see
email below).  It appears that we can retain the additional wording without
affecting the effectiveness of the close-out netting under the ISDA Master.

Regards, Edmund

---------------------- Forwarded by Edmund Cooper/LON/ECT on 02/28/2001 02:20
PM ---------------------------

David Minns@ENRON_DEVELOPMENT
02/27/2001 11:57 PM
To: Edmund Cooper@ECT
cc: Alan Aronowitz/HOU/ECT@ECT

Subject: Re: Change to standard ISDA Schedule

Edmund let me compliment you on your thoroughness in picking up the issue
with the standard Clause 2(a)(iii) alteration and the Australian Payments
Systems and Netting Act.

The good news is that you may retain  your standard wording with Australian
counterparties and not sustain additional exposure.   I asked external
counsel to provide a second opinion  to confirm my analysis,  which I enclose
for your records.

Alan Aronowitz/HOU/ECT@ECT

Hope you find it of assistance.

David Minns
Senior Legal Counsel
Enron Australia
Phone 612 9229 2310

From: Alan Aronowitz@ECT on 21/02/2001 05:35 PM CDT
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt
cc:

Subject: Change to standard ISDA Schedule

FYI.
----- Forwarded by Alan Aronowitz/HOU/ECT on 02/21/2001 04:35 PM -----

	Edmund Cooper
	02/21/2001 12:23 PM

		 To: ECT London European Trading, T Paul Johnson/EU/Enron@Enron, Janet
Wood/EU/Enron@Enron, Matthew Dawson/LON/ECT@ECT, Michael Slade/LON/ECT@ECT,
Jonathan Marsh/EU/Enron@Enron, Mark Evans/Legal/LON/ECT@ECT
		 cc:
		 Subject: Change to standard ISDA Schedule

Dear All,

In the course of current ISDA Master Agreement negotiations with an
Australian counterparty it has come to my attention that the ISDA netting
opinion for Australia specifies that certain Sections of the ISDA Master
should not be altered; otherwise reliance on the opinion, and close-out
netting, could be jeopardised.  In particular the opinion specifies that
Section 2(a)(iii) should not be altered.

Enron has a standard alteration to Section 2(a)(iii) in Part 5 of its
standard form Schedule, viz.

"(a) Conditions Precedent.  The condition precedent set forth in clause (1)
of Section 2(a)(iii) shall not apply to payments owed by a party if the other
party shall have satisfied in full all its payment obligations under Section
2(a)(i) and shall at the relevant time have no future payment obligations
whether absolute or contingent, under Section 2(a)(i)."

Obviously, in the case of Australian counterparties this condition precedent
should not be included in our documentation.

In addition, there are a number of other countries (including Germany, Italy,
South Korea and Switzerland) where the effectiveness of the ISDA netting
opinion presupposes that certain Sections of the Master, including Section
2(a)(iii), are not altered in any material respect. To that end I would
suggest that our standard condition precedent does make a material alteration
and that it should not be included in ISDA Master Agreements with
counterparties trading from these jurisdictions.

Certainly from the London end, I think that when we start negotiations with a
new counterparty we should check the ISDA opinions to ensure that we don't
trip ourselves up.

Regards,

Edmund


EXECUTIVE SUMMARY
?	Several procedural scenarios that might play out regarding the Edison MOU.
?      A snapshot analysis of the political dynamics that affect the outcome.

Procedural Scenarios

Assembly
The Assembly Appropriations Committee's plan to take up SB 78XX today will likely be a pro forma hearing moving the bill forward to the full Assembly on a party line vote.  While the controversial land easements amendments had been removed as of Friday's draft bill, it is rumored that the amendments may have returned over the weekend.  If the problematic "Shaver Lake" provisions are removed from the bill, Assembly members may not hear much vocal public opposition from their constituents about rejecting the bill (although consumer groups are opposed and are trying to generate grass roots opposition).  If the Shaver Lake amendments remain, several Central Valley legislators may oppose the plan in committee.

Assembly Speaker Bob Hertzberg supports this Edison deal, and the business community supports some recent amendments. This likely mitigates concerns from other pro-business Democrats.  With or without the Shaver Lake provisions, Hertzberg should get at least 41 Democratic members (and probably a few more), but no more than 2 Republicans (if any) to vote Aye on the bill.  Hertzberg has more than enough votes to spare from his caucus - he needs 41 votes for the bill to pass, and there are 50 Democrats in his caucus.  If the vote is close, a personal plea from him and/or the Governor should enable him to get to 41.

Senate
The bill would next move to the Senate for approval of the Assembly's amendments. This is where the prognosticating gets difficult.  Senate President pro Tem John Burton has said he does not support any amendments to SB 78xx.  Gov. Davis and Speaker Hertzberg will likely meet several times with Burton to try to cut a deal, but relations between Davis and Burton are currently frayed (due to a variety of factors), and Burton is not one to back down from a position unless there is something in it for him to change his position.
This would lead to one of four scenarios:
?	Burton refuses to have the bill heard in the Senate, and no Edison MOU bill is approved before Sept. 15th,
?	Burton agrees to let the bill be heard despite his opposition (this option is unlikely),
?	Burton comes to a deal with Davis and Hertzberg and brings the bill (as it is passed by the Assembly) for a         vote in the full Senate with his support,
?	Burton comes to a deal with Davis and Hertzberg, but as part of the deal, he insists on changes in the bill - thereby sending it back to the Assembly for more amendments, and another vote in the Assembly - before a vote in the Senate.

John Burton is considered one of the smartest, and certainly the cleverest politician in California state government today, so it is problematic to guess his next move.  Additionally, external factors play into the determination of which of these options will result.  For instance, the Governor may be willing to cut a deal with Burton on an unrelated issue that Burton cares more about resolving his way (e.g. workers compensation benefits, drug courts, reapportionment).  Foretelling what will happen in the Senate is extremely difficult.  But Davis and Hertzberg will try to cut a deal with him, and given Burton's past actions, he may string them along, holding out for several days (maybe even until Sept. 14th) before he agrees to anything.

Governor
Assuming the bill escapes the Senate (and more deals may need to be cut to get enough votes) the Governor will almost certainly sign it, regardless of Edison's public position.  The bill will go into effect 90 days after the Governor signs it.
Consumer groups have vowed to undo any "Edison bailout" enacted into law by way of the ballot box.  That could be either (1) an initiative to pass another bill overturning SB 78xx and replacing it with other provisions, or (2) a referendum to repeal SB 78xx, making it as if the bill was never passed at all.

Initiative
Once drafted and submitted to the Attorney General, it takes 15 days to receive an official title and summary, and another 25 days if the AG determines that a fiscal estimate is necessary. After either the 15 or 40 days, the Attorney General sends it to the proponents, the Senate, the Assembly, and the Secretary of State. The day it is mailed is called the Summary Date.  That is the day upon which all calculations are made.

The proponents are allowed a maximum of 150 days to circulate petitions and collect signatures. However, the initiative measure must qualify at least 131 days before the statewide election in which it is to be submitted to the voters.  Therefore it is past the deadline to qualify for the next statewide election, on March 5, 2002 (statewide primaries), and so, could not qualify until the statewide general election on November 5, 2002.  However the window is tight for that election, as well, and a proposal would need to be submitted to the Attorney General by the end of September 2001 to qualify for November 2002.

The legislature may conduct public hearings on the proposed initiative, but cannot amend it.  So whatever is submitted is what goes on the ballot.  An initiative requires the gathering of signatures equal to five percent of the total votes cast for Governor in the preceding gubernatorial election (419,260 signatures).  The ability to collect signature is heavily dependent on the amount of money the proponents have to pay signature gatherers. It seems unlikely that the consumer groups will be able to raise that kind of money quickly, but Harvey Rosenfield of the Foundation for Taxpayer & Consumer Rights has been successful at placing pro-consumer initiatives on the ballot before, including Prop. 9 in 1998, which sought to undo AB 1890 before the public understood its ramifications.

Referendum
Referenda on the ballot are fairly rare in comparison to initiatives, although a successful referendum was on the March 7, 2000 ballot.  Prior to that, the last four questions placed before the voters appeared on the June 1982 primary election ballot. All four were defeated. Since 1912, there have been approximately 50 attempts to qualify referenda for the ballot. Of the 50 attempts, 39 qualified for the ballot, 26 of which prevented legislative statutes from taking effect.  The circulation calendar, verification, timing, and the form of petition have different requirements than initiatives.  For example, the California Constitution requires that the process must be completed within ninety days of the enactment of the bill that is being referred. The signature requirements are the same for a referendum as an initiative statute, though.

Political Dynamics
Notwithstanding the Governor's and Assembly Speaker's desire to enact an Edison rescue package, Senate President pro tem John Burton is in the driver's seat. In fact, as noted above, there is a perception among some that it is the Governor who needs Burton and not the other way around.  One business source close to the negotiations believes Burton is not inclined to ask his members to make a second vote for an Edison bailout. In fact, members of both houses are worried about being perceived as bailing out the hobbled utility, their reluctance fed by generators' lobbyists who are sharing survey data that indicates voters blame the utilities for the energy mess and oppose any bailout.

Currently, due largely to this dynamic and others such as the Shaver Lake issue, there are not 41 votes for an Edison rescue in the Assembly. We believe this will change as the Governor and the Speaker exert their influence, and the bill will pass the Assembly.  As difficult as it is to make predictions regarding the Assembly, the state Senate presents an even larger challenge. However, at this point it is our opinion that the odds of an Edison rescue package being approved by the state Senate are less than 50 percent.


Jeff:  Are there any  issues that I might address that would be particularly
useful or timely for your group?  Sara


Back by popular demand!

 The Development Center is again offering the Successful Woking Relationships
series to increase the quality of your working environment.

    Successful Working Relationships:  Valuing Differences - February 21,
EB552    Cost:  $450.00

The first in a two part series, this class focuses on the differences in
personality types and how to make the most of diversity.
This one-day class is both entertaining and educational, offering
participants the opportunity to learn more about their own personality and
how to recognize and maximize the personality differences in others.

Successful Working Relationships: Creating Understanding - March 20,
EB552        Cost:  $450.00

Creating Understanding is the second part in this popular series.  Using a
unique and powerful approach, this workshop will help you actually reduce the
resistance of others.  Topics to be covered include "The Five Levels of a
Clear Communication."   This technique will ensure clarity of communication
whether you are talking or listening.

All employees are welcome to attend.
 Please click here () to register through the Development Center "Ernie" or
call (713) 853-0357.


I just wanted to update you guys on the status of the EMW reports for
Hunter.  The EMW Positions_1 file is now updated and accurate.  Every night
when Kevin finishes his P&L file and updates the EMW Positions file, he will
email the entire central team.  If one of us is still here, we can print out
the necessary reports and leave them on Hunter's desk.  If no one is here,
the first person in will need to print these reports out and give them to
Hunter with the Var report.

For the time being Hunter will be the only one needing these reports, I will
communicate any change in distribution that he requests.  Also for the time
being, we will be going into Kevin's P&L file, which is in the same location
as our intra month P&L's that we sign off on, and printing the four tabs that
he has identified in the email attached.  When Hunter has time to review this
format with me, we may make changes to the reports we print out.  The EMW
positions_1 file is in the same location as our CE Positions_1 file.

Please as always, shout with any questions or concerns.  Thanks for your help.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/19/2001
09:50 AM ---------------------------

	From:  Kevin P Radous @ ENRON                           01/17/2001 04:06 PM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Pages to print for Hunter

Phillip,

This is just a guess for what Hunter is looking for.  I would start with the
following pages in the
p/l found in this directory...

O: Erms/1Intra/Central/Midwest P&L/2001/0101/EMW0117.xls

Exec Summary
DPR
P&L Without Sharing
P&L Summary

In addition,  I think he wants more detail on the positions.

In my hedge strip file (same directory as everyone else - name is HS_IM-EMW)
I would think he would
like to see the Financial Book Position, NSS1, FT-Enovate, and TP tabs.
These are the only tabs with
positions.  (Will be changing shortly).

Thanks for the help,

Kevin

312-541-1198


Can we discuss today?


[IMAGE]
 Battle your friends for glory in Planters Crunch Time -- the first-ever football game played via e-mail! Featuring graphic, play-by-play action, Planters Crunch Time is fast, fun, and FREE! Kickoff Now!   Represent your NFL Team! Save 10% on NFL Team Polos! Shop MVP.com  and enter 10NHLANT coupon code @ checkout to receive this Exclusive Offer! Sale ends 10/15.  Win  a VIP Vegas Vacation! OR Win  $600 CASH!    Brought to you by   Sponsorship Bar You are receiving these e-reports because you have signed up for CBS SportsLine.com Fantasy Football.  To customize, reschedule, or turn off these reports please  click here    Player Updates Scouting Reports  [IMAGE]  Latest NFL Player News   Giants , DT NYG  Updated 10/17/01 Defensive tackle Keith Hamilton suffered a separated shoulder during Sunday's game against St. Louis, but he is expected to play on Monday night against Philadelphia. Linebacker Mike Barrow has a hip pointer, but should be able to play in the game as well with some extra padding. CB Will Allen has a sprained ankle, and his status against the Eagles is questionable at this point.   Ryan Leaf , QB DAL  Updated 10/17/01 According to the Dal! la! s Morning News , Leaf will get his chance to win the starting QB job in the next few weeks. "If we're going to get an evaluation on him, this is the open window," coach Dave Campo said. "At this point, I don't know if he's going to be any more than the third quarterback, but this is the window of opportunity." In any event, Leaf's value as a Fantasy player will be very minimal.   Joey Galloway , WR DAL  Updated 10/17/01 Galloway (ankle) is expected to take this week off from practice in order to rest his injury. He will be re-evaluated next Monday, at which time his status for the Oct. 28 game against Arizona will be determined.   Reggie Swinton , WR DAL  Updated 10/17/01 Swinton (hamstring) will not practice this week in order to rest his injury. He will be re-evaluated next Monday, at which time his status for the Oct. 28 game against Arizona will be determined.   Robert Thomas , RB DAL  Updated 10/17/01 Thomas had an MRI performed on his sprained left ankle Monday, and is expected to miss at least one game. Thomas has no real Fantasy value at this point.   Matt Hasselbeck , QB SEA  Updated 10/16/01 Hasselbeck is scheduled to start the Seahawks' next game October 28 against Miami due to a ! gr! oin injury suffered by Trent Dilfer on Sunday. "Matt has had a couple of weeks to watch. He's champing at the bit to prove whatever he has to prove," Head Coach Mike Holmgren told the Seattle Post-Intelligencer. We don't recommend Hasselbeck as a Fantasy starter right now, especially against the Dolphins' defense in Week Seven.  Trent Dilfer , QB SEA  Updated 10/16/01 Dilfer suffered a pulled groin during Sunday's game against Denver, and he is not expected to be able to play October 28 against Miami, according to the Seattle Post-Intelligencer. "There's more to it than just a normal groin pull. We'll just leave it at that," Seahawks Head Coach Mike Holmgren said Monday. "He's injured, and he won't practice this week." Dilfer is probably the better Fantasy option of the two, but don't expect him to be able to help your team for the next two weeks.  Tony Richardson  , RB KC  Updated 10/16/01 Chiefs Head Coach Dick Vermeil said Monday there is a chance Richardson could play Sunday in Arizona, according to the Kansas City Star. Richardson is battling a shoulder injury.  Tyrone Wheatley , RB OAK  Updated 10/16/01 Wheatley had an MRI exam on Monday to determine the extent of the damage he sustained to his right knee Sunday in Indianapolis. The results were expected back Tuesday.  Lamar Smith , RB MIA  Updated 10/16/01 Smith was in a ! wa! lking boot after suffering a sprained ankle during Sunday's game against the Jets, according to the Miami Herald. He should be fine for Week Seven when the Dolphins return from the bye week.  Brian Griese , QB DEN  Updated 10/16/01 The Broncos are unsure whether Griese will be ready for Sunday's game in San Diego, according to the Denver Post. However, An MRI Monday morning on his right shoulder revealed no structural damage and no tie to his previous shoulder surgeries. Griese is questionable for Wednesday's practice as well as Sunday's game, and if he's out, expect Gus Frerotte to get the start.  Rob Johnson , QB BUF  Updated 10/16/01 Johnson has been listed as probable for Thursday's game in Jacksonville despite a neck injury. He hasn't been a reliable Fantasy quarterback all year, and there's no reason to believe that will change this week. Don't use Johnson.  Jamal Anderson , RB ATL  Updated 10/16/01 Anderson underwent successful surgery to repair the torn ACL in his left knee Tuesday. Anderson has already been placed on injured reserve and is out for the remainder of the 2001 season.   Marshall Faulk , RB STL  Updated 10/16/01 Faulk has not been ruled out of Sunday'! s ! game against the New York Jets despite a bruised right knee. "He really could possibly play this week," coach Mike Martz said. "We're not going to rule the possibility of him playing completely out." If Faulk is unable to go, however, Trung Canidate will be the featured back in the game. At this point, it's tough to make a decision on whether or not to start Faulk Fantasy-wise, so monitor the situation throughout the week.   Justin McCareins , WR TEN  Updated 10/16/01 McCareins will be sidelined six to eight weeks after breaking his ankle Sunday on a kickoff return. He is scheduled to have surgery on the ankle Wednesday to insert a pin in the joint. This is a major setback for the rookie. He started Sunday's game and had two catches for 70 yards.   Eddie Berlin , WR TEN  Updated 10/16/01 Berlin, a rookie receiver used mostly on special teams,  will be sidelined three to four weeks. He suffered a severely separated right shoulder on a kickoff return Sunday.!   Dennis Northcutt , WR CLE  Updated 10/16/01 Browns' head coach Butch Davis told The Akron Plain-Dealer that Northcutt will get a lot of playing time this week against the Ravens. Don't expect Northcutt to be too productive, but he is a decent pickup if you need an extra wideout this week.   Peter Warrick , WR CIN  Updated 10/16/01 Warrick is listed as probable for Sunday's game against the Bears. He is recovering from a bruised left shoulder.  Marco Battaglia , TE CIN  Updated 10/16/01  Battaglia is listed as probable for Sunday's game against the Bears. He is suffering from a strained left shoulder.   Elvis Grbac , QB BAL  Updated 10/16/01 Grbac was feeling woozy and nursing a headache Monday, the result of the most severe concussion he's received in nine years in the NFL but he will play Sunday at Cleveland. Grbac was slammed to the ground by Santana Dotson in the second quarter of the Baltimore Ravens' 31-23 loss to the Green Bay Packers on Sunday. The quarterback stayed in the game, but threw interceptions on his next two drives and was pulled eight minutes into the fourth quarter. On Monday, Grbac declared himself fit enough to play. "I'm still a little foggy, and my wife was waking me up! e! very few hours to see if I was alive," he said, "but I'm feeling OK and I'll be ready."      Redskins , DT WAS  Updated 10/16/01 Washington cornerback Fred Smoot suffered a sprained left knee during Monday's game against Dallas. He was on crutches after sustaining the injury and is currently listed as day-to-day.   Stephen Alexander , TE WAS  Updated 10/16/01 Alexander suffered a sprained right ankle during Monday night's loss to Washington. He was seen using crutches on the sidelines and is listed as day-to-day.   Duce Staley , RB PHI  Updated 10/16/01 According to Eagles' coach Andy Reid, Staley will be the starting tailback on Monday night against the N.Y. Giants. However, Staley is expected to split carries with Correll Buckhalter, which will make it tough to play him Fantasy-wsie.   Joe Jurevicius , WR NYG  Updated 10/16/01 Jurevicius suffered a rib injury during Sunday's game against St. Louis. The injury is not considered serious, however, so expect Jurevicius to be in the starting lineup on Monday against Philadelphia.   Bill Schroeder , WR GB  Updated 10/16/01 Schroeder (ankle) informed Head Coach Mike Sherman that he would be available for Sunday's game against Minnesota. Sherman stated that a decision on Schroeder would not be made until later in the week, but we expect him to go.   Joey Galloway , WR DAL  Updated 10/16/01 Galloway suffered a sprained left ankle during Monday night's 9-7 win over Washington. The Cowboys have a bye this week, so Galloway should have amble time to recover from the injury in time for the team's next game.    Reggie Swinton , WR DAL  Updated 10/16/01 Swinton suff! er! ed a hamstring injury during pre-game warmups on Monday night. He left the game after the opening kickoff, and is listed as day-to-day.   Jackie Harris , TE DAL  Updated 10/16/01 Harris (groin) returned to action on Monday night against Washington. He didn't have a reception in the game, and has no real value as a Fantasy player at this point.   Quincy Carter , QB DAL  Updated 10/16/01 Carter underwent successful surgery to repair the tendon that attaches his hamstring to his lower left leg on Monday. He is expected to miss six weeks of action due to the procedure.    Raghib Ismail , WR DAL  Updated 10/16/01 Ismail (knee) returned to action on Monday night against Washington. He finished with three catches for 50 yards, but didn't make much of an impact Fantasy-wise.    More Updates [IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://fantasy.sportsline.com   FB40SP


Hmmmm.  The world is no longer safe, not even for we relics.  Well, I'l glad
to know that at least one adult is involved.


at work

Joe Minniece
Director of IS
Hanover-Direct
415-984-9223
jminniece@gumps.com <mailto:jminniece@gumps.com>


Electric Systems for Non-Engineers

Date:  August 24 and August 25
Time:  8:30 am to 5:00 pm
Location:  Oregon Room, 2 World Trade Center

This workshop provides you with a comprehensive understanding of system operations including fossil fuel, hydro and nuclear generation, transmission and distribution.  The course will provide not only technical information but also economics of operation, system and equipment protection and safety.

Areas covered include:
Generation
Transmission and Overhead
Distribution Systems
Underground Distribution
Switchgear
Voltage Control
Matching Generation

If you are interested in attending this course, please let me know no later than August 10, 2001.

Thanks!
Amy


Rob is out and I don't know if he isavailable on the cell.  He is with Alexander in Florida.  I think we need to meet this pm.

 -----Original Message-----
From: 	Hayes, Robert
Sent:	Tuesday, February 05, 2002 8:48 AM
To:	Lokey, Teb; Keiser, John; Schroeder, Maggie; Howard, Kevin A.
Cc:	Lichtenwalter, Blair
Subject:	RE: Plan Assumptions with Stan, 2/6/02, 8:00 am

This is new to me!  Teb, Rob is out on Wed. right?  You might want to call him on the cell.

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Tuesday, February 05, 2002 8:44 AM
To:	Keiser, John; Schroeder, Maggie; Howard, Kevin A.; Hayes, Robert
Cc:	Lichtenwalter, Blair
Subject:	RE: Plan Assumptions with Stan, 2/6/02, 8:00 am

Were we going to meet today to talk about the meeting with Stan?

 -----Original Message-----
From: 	Keiser, John
Sent:	Tuesday, February 05, 2002 8:38 AM
To:	Schroeder, Maggie; Howard, Kevin A.; Lokey, Teb; Hayes, Robert
Cc:	Lichtenwalter, Blair
Subject:	Plan Assumptions with Stan, 2/6/02, 8:00 am

I talked with Rod about the purpose of the meeting.  Stan wants to start thinking about the assumptions for the 2004 rate case and a ten year Plan.  I will bring the 2002 Plan but it is really a short-term Plan and Rod does not want me to hand out anything.  It is a strategy session.

We assumed in the Plan a rate drop effective 1/1/05.  I would like to review the assumptions behind that with Teb and Blair to better understand how it was derived.  This will be one of the major issues for discussion.


Attached please find a "revised" agenda for the meeting on Friday, March 9,
2001:

Also, for those of you going to the direct reports meeting today, there will
be sandwiches in the Confederate Room for lunch at 12:00 noon.  The drinks
will be located on the tables just outside of the meeting room.

Directions to Confederate Room:  This room is located upstairs.  From the
main entrance of The Woodlands Resort, go up the stairs, turn left, go past
the business center and it is the first room on the left.  The room is marked
"Confederate Room" and also marked "Enron Energy Services".

Should you have any questions, please do not hesitate to contact me at
X36082.


Thanks Steve.  With your input, my take on Elizabeth's questions are:

1.	Must we renew the collateral?-  From a legal standpoint the answer is "No" for the reasons discussed below.  However, as we know, the PX will take a contrary position and has (along with other California parties) taken the position at FERC that the collateral should be withheld pending resolution of the CA refund case at FERC (to secure payment of refunds due).

2.	May we replace the letters of credit with cash / other collateral?-  The answer is "Yes" as you note below, with the caveat that the replacement collateral must be acceptable to the PX.  Obviously cash should be acceptable.  Perhaps a bond or negotiable instrument could be an option.

3.	What is the potential outcome if we do nothing (i.e. we don't re-up the letters of credit).  Our past experience in this regard has been that the PX will draw on the letter of credit prior to its expiration.

As for additional options, we could consider:

1. 	Further to Steve's option 1, we might try to enforce the return of the excess in court by submitting a Section 2.5 request to the PX and bringing the issue to a head.  Steve's original option is preferable, however, since it is through agreement with the PX.  Perhaps a compromise could be proposed for the PX to return our collateral over and above our highest potential refund liability to the PX in the CA refund case.

2.	Seeking injunctive relief in court to prevent the PX from drawing on the letter of credit.

Elizabeth, please advise if this answers your questions fully.

Thanks,  Ray

 -----Original Message-----
From: 	Hall, Steve C. (Legal)
Sent:	Tuesday, November 27, 2001 1:54 PM
To:	Alvarez, Ray
Subject:	RE:

I agree.

Schedule 2, section 2 says:  "Each PX Participant shall post collateral for 100 % of its requirements in excess of the unsecured line of credit in order to participate in the CTS and Core Markets"  [I would note that (1) our "requirements" are currently zero, and (2) we do not wish, nor is it possible to "participate" in the CTS and Core Markets.  Therefore, the PX has no basis under its Tariff to continue to hold our collateral.]

As you indicated below, Schedule 2, section 2.2 says:  "Each PX Participant shall maintain sufficient collateral to cover its aggregate outstanding liabilities in the Day-Ahead and Day-Of markets to and from the PX between cash clearing cycles or during the period in which the liabilities are incurred and when payment is billed and settled."

Options:

1.  If the PX will allow us to have access to our excess cash pursuant to Section 2.5 (requests submitted by COB Wednesday will be processed by Friday), then let them cash in the LC.

2.  Ask the PX if we can substitute "other liquid collateral acceptable to the PX. .  .in lieu of cash" (Schedule 2, section 2.1.3).  We should ask them what else would be acceptable (a lien on Jeff Skilling's house?).

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 10:18 AM
To:	Hall, Steve C. (Legal)
Cc:	Steffes, James D.; Nicolay, Christi L.; Sager, Elizabeth
Subject:	RE:

Steve, I believe that schedule 2, section 2.2 of the CalPX tariff is the provision that requires market participants to maintain collateral, the purpose of which, however, is to provide security for liabilities incurred in the PX markets.  Since these markets are no longer in operation, there is no lawful reason to withhold the collateral, notwithstanding the assertions of CA parties that it should be used to guarantee payment of refunds ordered in the CA refund proceeding at FERC.  Ray

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, November 27, 2001 12:26 PM
To:	Sager, Elizabeth
Cc:	Steffes, James D.; Nicolay, Christi L.; Hall, Steve C. (Legal)
Subject:

Elizabeth, per our conversation, I am obtaining and attaching various pleadings before FERC I've worked on seeking return of the collateral and the reasons why it should not be withheld by the PX.  It's my understanding that these might help- please let me know.  There are other related filings and I will forward them as soon as I locate.  In the meantime, I am working with Steve Hall to get an independent interpretation of the PX tariff so as to yield answers to our questions and our options.  Thanks,  Ray

 << File: #150515 v1 - CPS COMMENTS ON BIRCHMAN ORDER.doc >>  << File: Answer (chargeback) EL01-36.doc >>


A meeting was held at C/S 6, Laguna on Tuesday November 16th, to reintroduce
the pueblo of Laguna to Transwestern's environmental activities at the
facility.  The Laguna's have hired an environmental person to oversee
environmental issues on pueblo lands.  The meeting centered around three
issues:  a UST site which had been removed, but not formally closed, a
historic removal of asbestos which had been buried at the facility in the
late 1980's, and the ongoing groundwater remediation at  the site.

Transwestern provided a history of the above mentioned activiites and why
these issues were unresolved in the "eyes" of the Laguna.  Transwestern
committed to submitting closure requests for the UST and asbestos issues.
With repsect to the groundwater issue, a presentation was given enlighting
the Laguna representative of the difficult nature of the subsurface geology
and groundwater characteristics to rapidly clean the contaminants
(chlorinated solvents and PCB's) and Transwestern's intent to continue its
remediation efforts. Transwestern assured the Laguna environmental
representative that all correspondance and data pertaining to environmental
issues would be submitted to the pueblo agency.   At the conclusion of the
meeting, the Laguna's understood Transwestern's commitment to maintaining the
policies and practices consistent with the pueblo of Laguna.

The meeting provided Transwestern and the Laguna's with the opportunity to
meet and share ideas and opinions and initiate working relationships.  The
Laguna's now have an understanding of the environmental activities at the
site and what Transwestern's approach is to removing the contaminants.   The
Laguna's appreciated Transwestern's efforts and commitment to environmental
compliance on the Laguna pueblo.


I was not aware of the demo.
--Stinson

Vince J Kaminski
11/06/2000 01:58 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Pro Opticus

Stinson,

Any insights?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/06/2000
02:05 PM ---------------------------

Kevin Sweeney
10/23/2000 06:53 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Kara Maloney/NA/Enron@Enron, Mario de la Ossa/NA/Enron@ENRON, Matt A
Brown/HOU/ECT@ECT
Subject: Pro Opticus

Vince,

I understand that you or someone in your group had a demo from the above
group last Friday.  I was wondering if this was part of a push to bring more
options' analytics to the traders' desks, and if so, if you could explain
what that effort looks like?  One of the Global Markets traders, Mario de la
Ossa also had a look at the software as he has used it in the past.

Thanks,

Kevin


---------------------- Forwarded by Phillip M Love/HOU/ECT on 06/07/2000
06:28 PM ---------------------------

Cathy De La Torre
03/22/2000 11:03 AM
To: Dawn C Kenne/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc:
Subject: Synthetic Procedures

Take a look at this file for synthetic storage deals. It should explain the
procedures.
---------------------- Forwarded by Cathy De La Torre/HOU/ECT on 03/22/2000
11:01 AM ---------------------------

Cathy De La Torre
03/10/2000 10:33 AM
To: Alicia Perkins/HOU/ECT@ECT, Gregory A Mausser/HOU/ECT@ECT
cc:
Subject: Synthetic Procedures

---------------------- Forwarded by Cathy De La Torre/HOU/ECT on 03/10/2000
10:32 AM ---------------------------

Carrie Hollomon
02/16/2000 10:27 AM
To: Cathy De La Torre/HOU/ECT@ECT
cc:
Subject: Synthetic Procedures

---------------------- Forwarded by Carrie Hollomon/HOU/ECT on 02/16/2000
10:27 AM ---------------------------

	From:  William Kelly                           02/16/2000 07:35 AM

To: Susan Harrison/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ect, Kathryn
Cordes/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
cc:
Subject: Synthetic Procedures

These may still be a work in progress.... I have meetings with Victor
Lamadrid and Tricia Bowen (Logistics leads for the East)  today and hopefully
a meeting with Bob Superty and with Randy Gay (Logistics manager in the West)
later this week.  I will also be spending time with Kim Olinger and Jeff
Coates.  And the review is continuing in RIsk.

And now, for your reading enjoyment:


FYI

---------------------- Forwarded by Susan D Trevino/HOU/ECT on 03/28/2000
03:57 PM ---------------------------

Bob Withers <rww@KCSEnergy.com> on 03/28/2000 03:49:29 PM
To: "Susan Trevino (E-mail)" <Susan.D.Trevino@enron.com>
cc:
Subject: FW: 3rd rev Mar. 2000 Josey Ranch nom

Sorry about leaving you off the "send list" . . . I inadvertently put Smith
instead of Trevino...pops!
This change is for the last two days of the month of March (I am sending a
day earlier than normal deadline because I'm getting covered up with April!)

Bob Withers <*))>><
KCS Energy, 5555 San Felipe, Suite 1200
Houston, TX  77056
voice mail/page 713-964-9434

 -----Original Message-----
From:  Bob Withers
Sent: Tuesday, March 28, 2000 03:45 PM
To: Smith Susan (E-mail)
Cc: Taylor Vance (E-mail); Stretch Brennan; Knox Westmoreland; Kevin
McLarney
Subject: 3rd rev Mar. 2000 Josey Ranch nom

Here's REVISED March 2000 (effective 3/30/00) setup for Josey: (using 1.075
Btu/Mcf)
* Gas deliveries into HPL
    11,000 MMBtu/d  for KRI
       700 MMbtu/d           for Texaco  (net
decrease of    1,300  MMBtu/d)
     11,700 MMBtu/d into HPL

If you need any additional information, KCS' field contact is Stretch
Brennan in Victoria: 512-576-1005.

Bob Withers <*))>><
KCS Energy, 5555 San Felipe, Suite 1200
Houston, TX  77056
voice mail/page 713-964-9434


ENA Legal Birthday Party today at 3:30 PM in EB 38C2.

Hope you can come!

(Please let me know if I've left anyone off of my list. Thanks!)

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


Answer to the query about GAIL investment in India is below.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 02/06/2000
11:10 ---------------------------

Jane Wilson@ENRON_DEVELOPMENT
02/06/2000 21:22
To: Mark Schroeder@ECT
cc:

Subject: More Information

We own 5% of GAIL by way of "global deposit receipts."   We are not allowed
to sell these GDRs in India but may sell them anywhere else.  They are listed
on the London Exchange.  One thing to think about is that GAIL will be
privatized in the long term.  As the largest private investor, we will be
able to convrt to voting stock.  However, to do so we must obtain the consent
of the FIPB (left out a letter earlier) -- the Foreign Investment Promotion
Board.  Apparently, this is not a good time to even think about it because
there is a huge debate in Delhi about the role of foreign oil companies in
their sector, i.e., the wisdom of allowing foreign ownership of the oil
sector.

On a separate topic, I need to do due diligence on the "Power Trading
Corporation".  This is part of the Powergrid state organization which is
currently comprised of three sections: the central transmission agency, the
central independent system operator and the Power Trading Corporation.  I've
been reading news clippings that sound so peculiar that this organization, I
suspect, can harm our marketing designs in India.  FYI, there is discussion
about our investing in this organization and perhaps trading through it as a
way to manage credit risk.  I'll let you know more as I learn it.


----- Forwarded by Tana Jones/HOU/ECT on 12/12/2000 10:17 AM -----

	Tana Jones
	12/06/2000 03:15 PM

		 To: dune.thorne@oracle.com, jane.akdoruk@oracle.com
		 cc: George Zivic/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT
		 Subject: NDA-Oracle Corporation

At the request of George Zivic, I am attaching our proposed form of
Non-Disclosure Agreement.  Please call me at 713/853-3399 or Leslie Hansen,
Senior Counsel, at 713/835-6121 if you have any comments or questions.


This is an FYI, but I think that Insurance probably fits into Jerry's world.

---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/13/2000
07:22 AM ---------------------------

Phil Lowry
12/13/2000 07:18 AM
To: Stanley Horton/Corp/Enron@Enron, Rod Hayslett/FGT/Enron
cc:

Subject: Insurance Claims

Attached is list of the outstanding insurance claims provided to us by Risk
Management.  As I indicated to Rod yesterday, I have been informed that the
premiums that were paid this year were $15,000,000 and given the claims
submitted at $43,000,000, Corp is looking for a way to mitigate anticipated
rising premium costs.   They are looking very hard at Hawkin's Audit Program
to help them out.  As this list indicates, International assets should bear
the brunt of future costs.  The Transwestern train derailment will be about
$700,000 ($200k for repair and $500k for buisness interruption), both of
which will ulitmately be reimbursed by the railroad.


As many of you are aware, we have been building capabilities to offer credit
risk management products to our customers on a global basis with initial
focus in Europe and North America.  We are now ready to move to the next
level and begin offering bankruptcy swaps on specific energy and non energy
names.  We anticipate officially launching the business on Wednesday, 23
February with a Press Release and external website called EnronCredit.com.

Prior to making the public announcement, we intend to send a letter to the
respective CFO/Treasurer/Finance Director of the reference credits letting
them know that we will begin making markets in bankruptcy swaps on their
names.  We have worked with Enron's many origination groups to remove names
of customers that are particularly sensitive or where we might have
confidential information.  In anticipation of potential direct feedback to
the account representatives of the referenced entities, please see the
attached list of initial reference credits and have a look at the test
version of the web site at test.enroncredit.com (at certain times during the
test phase, the web site may not be available in all locations).

If you have any questions or comments, please contact either me or  Bryan
Seyfried who is leading the effort  at 44 020 7783 7907.

Thanks!

John


I have created deal 559843 to cover the flow for Nov 1 thru Jan 31.  This
deal will probably be handled month-to-month from here on out.

D

Aimee Lannou   01/05/2001 10:37 AM

To: Daren J Farmer/HOU/ECT@ECT
cc: Edward Terry/HOU/ECT@ECT
Subject: Dec 2000 - meter 1351

Daren - There was flow at meter 1351 for Dec 2000.  It flowed every day, with
an average flow of 151/day.  The last deal associated with this meter was
274772 in October '00.  It also flowed in November with no nom, it is
currently on stranger's gas.  Can you please take a look at this?  Thanks.

Aimee


Mike:
Here are the answers to your questions.  Please give us a call if you have
any more questions.  Thanks!
Ben


I am pleased to announce that Mairead Tynan has joined the conference and
membership department.  Mairead will work in the New York office and report
to Mary Cunningham.  With the addition of Mairead, the conference and
membership department is now back up to full strength.


Mark,
What was the issue here?    Were we short 2 mw's to the PX?   If so,  we
wouldve been short at expost inc.    What was that price?
Did Real Time/Les   properly handle billing LV for this expense?

Thanks,
JMF


Talk to scott tholan, who runs competitive analysis.  I'm not sure what else
clay works on.  I don't  dislike the concept, but he deals with a lot of
confidential info.

Jeff

	From:  Jennifer Fraser                           11/30/2000 09:57 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Clay Seigle

JS;
I think Clay should sit with my group and become more involved in our daily
reports. I also believe his skills would be best used by developing some more
detailed analyses
What do you think
JF


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see resume attached


Date: Today, Wednesday 1/17/01
Time: 3-3:30 PM
Room: EB 3143c
Topic: Benchmark Discussion with Research

Please call me with any questions.

John House