This is to advise you that you are subject to the earnings blackout period
for trading i2 Technologies stock that begins Friday, September 1, 2000.
The blackout will continue until 3 business days after the 3Q00 earnings
release, which is tentatively set for Wednesday, October 18, 2000.  If the
earnings release does occur on October 18, the blackout will be through
Monday, October 23, with the first day to trade on Tuesday, October 24.

Please be aware that, even though the blackout is tentatively scheduled to
lift on October 24, 2000, you may be subject to a trading restriction based
on the Insider Trading Policy.  If you are in possession of any material or
significant information whether positive or negative, that has not been
publicly disseminated, you should not trade i2 Technologies securities
until that information is publicly disseminated.

The i2 Technologies Employee Insider Trading Policy has been revised and
will be sent out along with an e-mail from Bill Beecher in the near future.

Thank you,

Robin Gunter
Stock Plan Manager
469-357-3444


fyi:  Per Roy, volumes not flow on Sunday, 2/24 -- we will flow both Sunday's & Monday's volumes on Monday, 2/25.

Impact:
#176:
Sun:  -5.9
Mon:  -5.9

#55168:
Sun:  -19.8
Mon:  -19.8


550206 - price is in correctly at $187.27 because this deal is a sale from
EPMI to EES
 (550205 is the deal where EPMI buys from EES - price is therefore $5 less
than weighted average, making it $177.27)

552990 - price is in at $195 off peak and $295 on peak, which are the prices
reflected in my worksheet
 Brooklyn may be looking at a price for a real time deal. If the desk is
Short Term West Hourly, that means the deal was done in the    hour-ahead,
not day-ahead market, and the price will be different. Bill Williams at the
real time desk should be sending out a spreadsheet   outlining the deals
they've done on EES's behalf.

Please let me know if this answers your questions. Or call and we can discuss
it person to person.

Thanks,
Kate Symes
Trading Support
503-464-7486

Mark Confer
03/23/2001 06:19 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Two More Questions

Deal 550206.1 12-15 2.65 mw's $187.27 is this another curtailment.

Deal 552990.1 99.08 mw's $195.  Brooklyn has your schedule showing priced at
$499.08?

Thanks

Mark


I will have to check to see who handles the paralegal hiring.

What is up with ENE? I!m still in FW.

Kay
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Mark,

Attached please find the last version of the Product Description that will go
out on the web.  You have already oked this language, but just take on last
look at it just in case.

Thank you very much,

Melba
58986

US Styrene FOB   Hou/TX Cty              Jul00           USD/Lb-M

A US ASTM 2827 Styrene Transaction with Enron Petrochemicals Company, a
division of Enron Liquid Fuels, Inc., under which the Seller shall sell and
the Buyer shall purchase the agreed quantity of Styrene at the Contract
Price. The commodity will be delivered on a FOB basis upon five- (5) working
days notice by Buyer and on a day selected by Buyer between the Effective
Date and the Termination Date.
The term of the Transaction shall be from the Effective Date to the
Termination Date. The Effective Date is 01 Jul 2000. The Termination Date is
31 Jul 2000.
This transaction is for delivery to either Houston or Texas City at Seller,s
election.
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be pounds and the
volume shown shall be in total number of Metric Tons (2,204 US Pounds) per
month.


To further clarify Greg's e-mail, all wires being paid out of the general
disbursement account (0530) should be coded from the company that is
incurring the cost.  For example, if company 1N2 is sending out cash for an
investment, the wire should reflect company 1N2 as the sender and not company
413 as coded previously.  If you have any questions, please do not hesitate
to ask.  Thanks.

HV

---------------------- Forwarded by Hope Vargas/HOU/ECT on 08/02/2000 12:49
PM ---------------------------

Greg Whiting@ENRON
08/01/2000 11:49 PM
To: Mary Lynne Ruffer/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT, James
Coffey/ENRON@Gateway, Karry Kendall/HOU/ECT@ECT, Jody Pierce/HOU/ECT@ECT,
Angeles Beltri/HOU/ECT@ECT, Hope Vargas/HOU/ECT@ECT, Michael S
Galvan/HOU/ECT@ECT, Stephen Thatcher/Corp/Enron@Enron, Mark
Frank/HOU/ECT@ECT, Sarah Brown/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Faith
Killen/HOU/ECT@ECT, Troy Klussmann/HOU/ECT@ECT, Todd Warwick/HOU/ECT@ECT
cc: Cynthia Morrow/Corp/Enron@ENRON
Subject: Cash Service Company Codes - ENA Co. 0530

FYI - When coding wires the sender should NOT be listed as Co. 0530.  The
cash services companies should be tranparent to the users.  This is all
behind the scenes in SAP and treasury.  Wires and other payment requests
should be coded from the company that is incurring the cost (just like
pre-SAP).  Vendors should NOT be requested to be setup on Co. 0530.  I have
requested AP to return to sender any payment requests that have Co. 0530 as
the paying company.

Please pass this on to your groups.  Thanks.

     Greg x35399


There have been many changes recently in the Associate and Analyst program. Ted Bland, Director of Career Development for the program, will be in Portland on July 5 and would like to meet with all of you to discuss the changes and answer any questions you may have. I think that this is a great opportunity to hear first hand what is happening!

Please let me know if you will be able to attend - Grace will be ordering Mexican for lunch!

Thanks!
Amy


Daren - What is the status of meter 6387?

AL

Daren J Farmer
10/26/2000 12:52 PM
To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Re: meter 6387 & 5192

I created #454057 for the flow at Mtr 5192.  Canny Conner is looking into mtr
6387.  I will let you know when he determines what we will be doing.

D

Aimee Lannou   10/26/2000 10:01 AM

To: Daren J Farmer/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON
Subject: meter 6387 & 5192

Daren - There is flow at meters 6387 & 5192 for Oct. without a nom.

   Deal  contract  Last month of activity Counterparty

 Meter 6387 133179  HPL 215 Sept. 00  Duke Energy Trading

 Meter 5192 269123  ENA 201 Nov. 99   Duke Energy Trading

Thanks.

AL


Howard Weg left me a message last night that you were scheduled at 10am. I
suggested to Harry that he call Howard directly, as he is the keeper of the
schedule. The interviews are at Greenberg Glusker, which I think is in
Century City. The Angels are in town Tues night. How far away is that?

	"A William Urquhart" <awu@quinnemanuel.com>
	05/24/2001 05:14 PM

		 To: <Richard.B.Sanders@ENRON.com>
		 cc:
		 Subject: Do you know what time our presentation is going to be on
Wednesday.  We are trying to coordinate a b

Do you know what time our presentation is going to be on Wednesday.  We are
trying to coordinate a bunch of differnent schedules.


Suzanne,

I was out last week, so I am just now getting back with you.  We primarliy
served the Texas Desk commercial team, with about 10% of time spent on
Producer Services.  The non routine activity should be allocated to the Texas
Desk.

D

	From:  Suzanne Nicholie @ ENRON                           10/10/2000 09:36 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: OPM Survey

Thanks for your spreadsheet.  One thing I still need from you is what
commercial teams your group was supporting overall ?  In addition, I noticed
you allocated 15 hours to the activity ES002 - Non Routine Trade Monitoring &
Reporting.  What commercial team(s) was this 15 hours spent supporting?

Thanks!
Suzanne

Daren J Farmer@ECT
10/06/2000 05:42 PM
To: James Scribner/Corp/Enron@ENRON, Suzanne Nicholie/Corp/Enron@ENRON, Shari
Mao/HOU/ECT@ECT
cc:

Subject: Re: OPM Survey

I had problems in getting the newest version of Access.  So, please see the
attachement below related to the OPM Hours Survey.


Lizzette and Ryan,

Kriste and I substantially revised the waiver agreement today, so sit tight.

Kriste, do you want to add the mediation provision?  I'll leave that to you.

Michelle

 -----Original Message-----
From: 	Palmer, Lizzette
Sent:	Friday, November 16, 2001 6:30 PM
To:	Seleznov, Ryan
Cc:	Cash, Michelle
Subject:

Ryan,

I'm sending back down the mark ups to the rif packet you sent to me.  On the waiver, I've scratched out some paragraphs and told you I would send other language.  This is it.  Call with questions.

4.	Employee Benefits.  Except as otherwise provided in Section ___((the paragraph with the dollar amount)), Employee shall be entitled to receive vested or accrued benefits due and payable to Employee under all employee benefit plans and compensation plans, subject to the terms of those plans.

5.3.	Cooperation.  Employee agrees that, at Company's request, he or she will devote reasonable time necessary to assist in Company's litigation matters, including, but not limited to, meeting with counsel, providing testimony at depositions or trial, and related activities.

To the release paragraph (right after the bolded paragraph saying employee releases everything.... add this section (you may need to organize the sections):

b.	This release does not apply to or include the consideration or benefits described in Section 2 above or to other promises and representations contained in this Agreement.  This release also does not apply to claims which may arise after the date this release is signed. Employee understands that he or she may challenge the knowing and voluntary nature of this release under the Older Worker Benefit Protection Act (OWBPA) and the ADEA before a court, the Equal Employment Opportunity Commission (EEOC), or any state or local agency charged with the enforcement of any discrimination laws, despite the release language stated above. Employee also understands that nothing in this release prevents him or her from filing a charge or complaint with or from participating in an investigation or proceeding conducted by the EEOC or any state or local agency charged with the enforcement of any discrimination laws.  Employee understands, however, that if he or she pursues a claim against Company under the OWBPA and/or the ADEA, Company may seek to set off the amount paid to Employee for signing this release against any award he or she may obtain in such legal proceeding, and Company may be entitled to recover costs and attorney's fees incurred by the Company as specifically authorized under applicable federal or state law.

Also add this:

d.	Employee acknowledges, agrees, and represents to Company that:

(i)	Employee has carefully read and fully understands the effect of the provisions of this Agreement, which he or she is entering knowingly and voluntarily;

(ii)	Employee has had a reasonable time of not less than 45 days in which to consider this Agreement;

(iii)	Employee was advised and encouraged to consult an attorney prior to executing this Agreement with respect to the effect of the provisions of this paragraph and Employee's execution of this Agreement; and

(iv)	Employee acknowledges that he or she has received information concerning the age and job titles of other persons in his or her job classification or organizational unit, if any, who are remaining employed with the Company, as well as the job titles and ages of the persons being offered payments upon voluntary separation.  The voluntary separation applies to the groups, for the time periods, and based on the eligibility factors set forth in the attached Exhibit "A."

	Employee may revoke this Agreement during the seven-day period following the date Employee signs this Agreement by delivering signed, written notice of such revocation to Human Resources and as required under Section __, whereupon this Agreement shall be rescinded in its entirety and become null and void.

Add this as well:

7.10	Mediation.  If a dispute arises out of or related to Employee's employment with Company, or this Agreement, and if the dispute cannot be settled through direct discussions, then Company and Employee agree to try to settle the dispute in an amicable manner by confidential mediation before having recourse to any other proceeding or forum.

Please send it to me again, and I will help organize as needed and check to see if we need to add any other major provisions.
--Lizzette


For Crisis Intervention of Houston.  It is a big gas business event.  Craig elias is heading it up.  Donna Newman is on the committee as is Mike Nolan and Linda Roberts of Enron.  I am suppose to give them a list of people and I don't know that many people.

"Melissa Reese" <mreese@cmsenergy.com> on 04/06/2001 06:15:33 AM
To:	kim.ward@enron.com
cc:
Subject:

What charity golf tournament?
---------------------- Forwarded by Melissa Reese/MST/CMS on 04/06/2001
08:15 AM ---------------------------

Kim.Ward@enron.com on 04/05/2001 04:05:51 PM

To:   mreese@cmshq.com
cc:
Subject:

Hey,

Can you send over a list of people you know in this industry,  their
companies and maybe their phone numbers?  For my charity golf tournament.
They were due on Tuesday.

Thanks,

Kim


Who ever has Cliff and Deirdre should get the kind of VCR that marks the
commercials and when you play back the recorded TV show, it SKIPS the
commercials.  Yes, technology is a wonderful thing.  Everyone witnessed it
here when we watched a taped episode of the West Wing.  It's a little extra,
but well worth it.

mer
----- Original Message -----
From: Deirdre Robinson <drobinson@cshnyc.org>
To: <megrogers_99@yahoo.com>
Cc: <maeve_robinson@omnicomny.com>; <drobin1962@aol.com>;
<robinson.rosicki@juno.com>; <benjamin.rogers@enron.com>;
<patandnora@hotmail.com>; <creelj@pfizer.com>; <cdoveala@aol.com>;
<michaela.jim@worldnet.att.net>
Sent: Wednesday, November 29, 2000 6:38 AM
Subject: Re: kk wish list

> HI all!
>
> Cliff and Meg and Ben and I had a great time in Chicago for
> Thanksgiving and Charlie's christening.  Big brother Jack
> and Charlie are doing great!  I worked on Jack all weekend
> and by the time I left he was walking around saying DEE!!!
> DEE!!!  We are still working on the AUNT part.
>
> Cliff and I were thinking about a VCR for Christmas.
> Don't know how expensive they are - need to check the
> paper.  That's our only thought right now.
>
> ...more later.
>
> Deirdre
>
>


Please go to clickathome.enron.com, sign in, then go to internet options.
When you get to the internet options page then you can check qualification.
The following page is what you will see.  Click on qualify me ofr MSN. Let us
know if you need further assistance.

	From:  Sally Beck @ ECT                           02/20/2001 06:13 PM

To: clickathome@enron.com
cc:

Subject:

E:mail messages says to check website to determine whether or not DSL is
available at my home.  However, I don't see a spot on the website to check
that information.  Can you provide more details?


she still got message from bill anyway.

 -----Original Message-----
From: 	Benner, Martha
Sent:	Wednesday, August 29, 2001 4:36 PM
To:	Campos, Kathy
Subject:	RE: O&M/Capital Review with Stan

No problem as I got it from Bill's inbox.

Thanks.....Martha

 -----Original Message-----
From: 	Campos, Kathy
Sent:	Wednesday, August 29, 2001 4:30 PM
To:	Benner, Martha
Subject:	FW: O&M/Capital Review with Stan

Sorry, we left you off the list.

Thanks,
Kathy

 -----Original Message-----
From: 	Campos, Kathy
Sent:	Wednesday, August 29, 2001 2:22 PM
To:	Cordes, Bill; Fossum, Drew; Smith, Gary; Hartsoe, Joe; Corman, Shelley; Lowry, Phil; McCarty, Danny; Harris, Steven; Hayes, Robert; Neubauer, Dave; Hotte, Steve; Hayslett, Rod
Cc:	Sellers, Emily; Winters, Ricki; Alder, Amelia; Mann, Ruth; Armstrong, Julie; Stark, Cindy; Robertson, Audrey; Peters, Jerry; Perchal, Cheryl; Brassfield, Morris; Concklin, Elaine; Barnes, Caroline; Keiser, John; Gilbert, Steve; Draemer, Mary ; Geaccone, Tracy
Subject:	O&M/Capital Review with Stan

Below are the times for the O&M/Capital Review with Stan scheduled for Wednesday, September 5, 2001 in EB49C2.

Commercial			8:30 - 9:30 AM

Gas Logistics			9:30 - 10:00 AM

Information Technology		10:00 - 10:30 AM

Operations			10:30 - 11:30 AM

Northern Border Pipeline		11:30 - 12:30 PM

Legal, HR, Reg Affairs		12:30 - 1:00 PM

F & A				1:00 - 1:30 PM

If for some reason there is a problem with your appointed time please send Tracy Geaccone or myself an email.

Thank You,
Kathy Campos


If Mitra Mujica accepts the offer from the AA program, I would like you to
interview her at your earliest convience.
Thanks for your help.

Regards,

Maureen
---------------------- Forwarded by Maureen Raymond/HOU/ECT on 02/16/2001
05:43 PM ---------------------------

	Enron North America Corp.

	From:  Andrea Richards @ ENRON                           02/16/2001 04:42 PM

To: Maureen Raymond/HOU/ECT@ECT, Gwyn Koepke/NA/Enron@Enron
cc: Jana Giovannini/HOU/ECT@ECT, Shelly Butler/HOU/ECT@ECT, Althea
Gordon/NA/Enron@Enron, Teresa Bosien/HR/Corp/Enron@ENRON
Subject: Analyst Candidate Mitra Mujica

Maureen,

Mitra Mujica, an Analyst candidate from Super Thursday 2/15,  has been
reserved for your group.  Please note that this placement is contingent upon
the candidate accepting the Analyst Program's offer.  Mitra will have two
weeks to respond and we will contact you once her response is received.
Please contact me if you have any questions.

Thank you,

Andrea Richards
Career Development
Associate & Analyst Program
x3-6499


I have attached some revisions that Bob made to that true up language that
you had sent down for use with an Omnibus contract. Please let me know what
you think.


Hello.  Do you think this should be included in our consulting agreement
form?  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 02/25/2000 05:12
PM ---------------------------

FMackin@aol.com on 01/24/2000 12:16:23 PM
To: Michelle Cash/HOU/ECT@ECT
cc:
Subject: Agreements with non-employee contractors

Michelle,

While I think that "Enron" discourages entering into agreements for services
directly with non-employee contractors, there are times when a business
decision is made to do so on a very limited basis.  Aside from other legal
issues, one single issue that has received a lot of attention in recent years
is the issue addressed by the Microsoft case involving the question under
what circumstances are individuals designated as independent contractors
entitled to employee benefits provided by  an employer to its employees.

While we have amended the various employee benefit plans to address this
issue, another place where it can be effectively addressed is in the contract
for services.

Recently, I was involved with a project to develop provisions to be included
in such a service agreement with non-employee contractors who will not be
entitled to employee benefits.  I thought you might have an interest in this,
so I have attached the contract provisions that were developed for this
circumstance along with an analysis.

I wonder if there are other attorneys who design and draft such agreements
who would be interested in receiving this information?

Regards,

Pat

 - Benefit Waiver 1.doc


I forget.  What's the Governor of Montana's position on price caps in the
West?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/09/2001 01:27 PM -----

	Lynnette Barnes
	04/09/2001 01:15 PM

		 To: Tom Chapman/HOU/ECT@ECT, Marchris Robinson/NA/Enron@Enron, Bill
Moore/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, Frank
Rishe/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Daniel
Allegretti/NA/Enron@Enron, Jeff Ader/HOU/EES@EES, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Frank/NA/Enron@Enron, Mary
Schoen/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Stacey
Bolton/NA/Enron@Enron, Patrick Keene/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, Stella Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roy
Boston/HOU/EES@EES, Barbara A Hueter/NA/Enron@Enron, bmerola@newpower@EES,
Susan M Landwehr/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, Kerry
Stroup/NA/Enron@Enron, bmerola@newpower.com, gduda@newpower@EES,
kmagruder@newpower.com, pbray@newpower.com, sbertin@newpower.com,
scovino@newpower.com, treichel@newpower.com, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Dasovich/NA/Enron@Enron,
Aleck Dadson/TOR/ECT@ECT, Susan J Mara/NA/Enron@ENRON
		 cc:
		 Subject: PPL Montana shows lucrative profit

PPL shows profits in 2000
By The Associated Press
HELENA (AP) ) Reports filed with the Securities and Exchange Commission show
PPL Montana made handsome profits in the lucrative Western power market in
2000.
PPL Montana owns most of the former Montana Power Co. electric-generating
plants in the state. In documents filed last month, the company reported
$86.7 million in net income for 2000.
The bulk of those profits came in the final three months of the year, when
regional power prices soared to record heights. PPL Montana reported $68.7
million net income for that period, or more than triple what it earned the
first nine months of the year.
PPL Montana also made these profits despite its obligation to supply 285,000
Montana Power Co. customers with relatively cheap power, under a contract
that expires next year.
Company officials said that since PPL Montana acquired the facilities in
December 1999, the company has sold about 69 percent of the power generated
to Montana Power Co. and other marketers for resale for end use in Montana.
Power left over after supplying the MPC customers is sold on the open market
to suppliers, who sell inside and outside Montana, resulting in its most
lucrative profits.
The power that PPL Montana sells to the Montana Power residential and small
business customers is priced at about $22.25 per megawatt hour (mwh). Sales
in the unregulated regional market are anywhere from $75 to $300 per mwh or
higher.
PPL Montana,s marketing division has refused to offer power to any Montana
customers at below-market prices, as have other marketers.
Some have said if PPL Montana made $87 million last year while supplying MPC
customers at $22.25 per mwh, why can,t it offer power at $35 to $40 per mwh
and still make considerable money?
PPL director of corporate communications Dan McCarthy said it,s not that
simple. He said other factors may influence sales and production, including a
low-water season this year, which would reduce the output of hydroelectric
plants and force the company to buy power on the open market to supply its
customers.
&You can,t extrapolate these numbers and say we,d make double (the profits)
at double the price,8 he said.
He also said last year,s $87 million in profits is little more than a 10
percent return on the company,s $800 million investment in the power plants )
about the same return made by Montana Power on its formerly regulated assets.
However, a Montana mining executive who,s been following PPL Montana,s
finances said last week that a 10 percent return after profits is a very good
return.
Greg Stricker, president of Montana Resources Inc. in Butte, also noted that
the high market prices for electricity that helped PPL triple its profits in
the final quarter of last year are still in effect, and are expected to stay
high this year.
If the company,s profits for the fourth quarter of 2000 are spread over a
year, PPL Montana would see a $275 million profit, or a return of 30 percent
to 35 percent on investment, Stricker said.
As part of its expenses, PPL Montana reported spending nearly $92 million to
buy power on the market to fulfill its supply contracts. However, that amount
did not increase markedly in the final quarter of last year.


Mary Kay, Ray and Rob:  Can you 3 help her out on 1 & 2?
Tracy:   Please handle 3.

 -----Original Message-----
From: 	Mayeux, Gay
Sent:	Thursday, October 25, 2001 2:15 PM
To:	Hayslett, Rod
Subject:	ETS  - Investor Questions
Importance:	High

We have some investors who are interested in knowing more about the pipes.  Can you please tell me who can anwser/confirm the following:

1.  Per the latest rate cases the nominal ROE's and related capital structures are as follows:

	ROE				12.89%	12.18%	13.49%
	Equity Ratio(equity to debt)	60%	60%	42%

2. Is rate base calculated on equity or assets?

3. What was the percentage of capacity for each of the pipes for the first nine months of this year?

It would be very helpful if you or someone could respond this afternoon.

Thanks!

_________________________
Gay Mayeux
Vice President, Investor Relations
Enron Corp.
1400 Smith Street, EB 4931a
Houston, Texas 77002

Phone:  713-853-9905
Cell:      713-416-8821
Fax:      713-646-3002
email:    gay.mayeux@enron.com


550206 - price is in correctly at $187.27 because this deal is a sale from
EPMI to EES
 (550205 is the deal where EPMI buys from EES - price is therefore $5 less
than weighted average, making it $177.27)

552990 - price is in at $195 off peak and $295 on peak, which are the prices
reflected in my worksheet
 Brooklyn may be looking at a price for a real time deal. If the desk is
Short Term West Hourly, that means the deal was done in the    hour-ahead,
not day-ahead market, and the price will be different. Bill Williams at the
real time desk should be sending out a spreadsheet   outlining the deals
they've done on EES's behalf.

Please let me know if this answers your questions. Or call and we can discuss
it person to person.

Thanks,
Kate Symes
Trading Support
503-464-7486

Mark Confer
03/23/2001 06:19 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Two More Questions

Deal 550206.1 12-15 2.65 mw's $187.27 is this another curtailment.

Deal 552990.1 99.08 mw's $195.  Brooklyn has your schedule showing priced at
$499.08?

Thanks

Mark


Joe Attached find the report you requested.  Alan - Governor Davis offered a
highly discounted forward contract ($45-50/MWh) at the FERC settlement
conference today.  As usual, California is trying to get its refund with or
without FERC requiring it.  Alan - Tim and Joe will likely need your
assistance with this settlement negotiation.


Susan,
Attached is an invoice which needs to be paid by 01/02/02.  Thanks.

I will fax the invoice to you today.

Please let me know if you have any questions, or need additional information.

Thanks,
Theresa Staab
(303) 575-6485 Office
(303) 807-6131 Cell


ISDA PRESS REPORT - MARCH 7, 2001<?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" />

_       McDonough says won't extend Basel deadline.
_       Benchmark Tipping Is Favoring Swaps Over Treasurys
_     "It brings the products to the attention..."
_       The New Forecast For Meteorologists: It's Raining Job Offers

 McDonough says won't extend Basel deadline.
Reuters - March 8, 2001

LONDON, March 8 (Reuters) - William McDonough, chairman of the Basel
Committee on Banking Supervision, said on Thursday he would not extend the
consultation period for comments on the new Basel Capital Accord.

McDonough is also president of the New York Federal Reserve Bank. He was in
London for a British Bankers Association conference on the Basel accord.

A new accord designed to make capital adequacy rules for banks more risk
sensitive was launched in January. Banks and other interested groups were
given until May 31 to respond.

Many European banks have been critical of the short consultation period, but
McDonough has previously shrugged off this criticism, arguing that banks
were involved in developing the accord and a first proposal had been made in
June 1999.

"The consultation period, which we know is short...but we are not going to
extend it," McDonough told a news conference.

The Basel Committee intends to finalise the new Capital Accord by the end of
this year so it can be implemented in national jurisdictions in 2004.

Benchmark Tipping Is Favoring Swaps Over Treasurys
Dow Jones - March 8, 2001
By Michael Mackenzie

NEW YORK -(Dow Jones)- The near collapse of hedge fund Long Term Capital
Management in 1998 triggered a massive liquidity crisis in capital markets.
It also marked the beginning of the end for the role of Treasurys as a
benchmark for pricing other debt securities and hedging for duration and
volatility, according to a study by the Bank of International Settlements.
(BIS)

While the debate over alternative benchmarks for Treasurys has bounced
between the relative merits of swaps and agency debt, swaps appear to be
winning the hearts and minds of a trading community that has learnt the
lessons of hedging risk with Treasurys, a point that the BIS seems to
support.

In its report titled "Benchmark Tipping In The Money And Bond Markets," the
BIS cited the bitter lessons in the aftermath of the LTCM meltdown as a
direct cause for the ascendancy of interest rate swaps at the expense of
Treasury securities as a benchmark for capital markets.

And though the question of swaps replacing Treasurys has been discussed
since the U.S. government announced its debt buyback program, the thrust of
the BIS report is that such a move was perhaps inevitable.

"More recently the bond market has shifted away from its reliance on
government securities and might well have continued to do so even if there
had been no reduction in the stock of outstanding US government paper,"
writes the BIS.

In fact, the BIS said the burgeoning popularity of swaps is creating a
powerful vortex within capital markets.

"Each market participant who gives up using US Treasuries to hedge private
instruments subtracts liquidity from the Treasury market and adds it to the
swap market, thus raising the incentives for other market participants to do
likewise," writes the BIS.

History On Their Side

With history acting as a guide, the BIS has observed that the benchmark "is
tipping from Treasury paper to the swap."

The BIS cited two precedents for "benchmark tipping" - when market
participants migrate to using a private instrument such as an interest rate
swap instead of a Treasury security.

The most recent event - following the 1984 flight to quality rush by
investors, which resulted in the three-month Eurodollar futures contract
eclipsing the Treasury bill futures contract in terms of volume - occurred
on the heels of the LTCM near collapse.

Investors rapidly diluted their exposure to other credit securities and
flocked to the safe haven of US Treasurys, meaning that dealers shorting
Treasurys against being long spread product including corporate bonds,
agency securities and mortgages, discovered that their hedges melted down.

The lessons learned from these traumatic episodes in capital markets have
been recently observed since December when mortgage investors primarily
turned to swaps instead of Treasurys to hedge pre-payment risks of
mortgages, in what is known as the negative convexity trade.

Estimates of swap volume by several investment banks since the mortgage
hedging began, total in the region of $50 billion in terms of receiving a
fixed rate of interest via a swap contract.

Valuation Versus Investment Benchmarks

Swaps are being increasingly used by traders as a benchmark for valuation
purposes - hedging, pricing and establishing relative value across different
asset classes.
"The swaps market is generally the province of the leveraged buyer - whether
hedge funds, dealers, or asset swappers," wrote analysts at Credit Suisse
First Boston in New York in a research note last month. "Because levered
investors determine the marginal bid for credit product, swap spreads and
not government securities have become the defacto benchmark for credit
valuation."

Swaps perform like a synthetic bond and involve the exchange of two cash
flow streams. One leg comprises a fixed rate of interest priced as a spread
over a Treasury security that is traded against a floating rate of interest
pegged to the three-month London Interbank Offered Rate (LIBOR).

Thus they are not a physical asset that can used as an investment benchmark
- acting as an index measuring excess returns - by money managers.

"Ultimately it will be up to money fund managers and not traders to
determine whether swaps will become a viable benchmark," said George Oomman,
derivatives strategist at Lehman Brothers.

Although the growing supply of debt issued by the Government Sponsored
Agencies, Fannie Mae and Freddie Mac - currently over $1 trillion - is a
real asset, the agencys remain susceptible to political pressure changing
their charters and reducing their better than AAA rating.

"The market is looking at swaps and should Treasurys continue to shrink, the
market will steadily move to swaps," said Robert Auwaerter, senior fixed
income portfolio manager at The Vanguard Group in Malvern PA.

"It brings the products to the attention..."
Reuters - March 7, 2001
By Tom Bergin

LONDON, March 7 (Reuters) - A legal wrangle between Swiss bank UBS and
Germany's Deutsche Bank AG over a credit derivative contract has highlighted
concerns about potential risks in a relatively new sector of the market.

News this week of a lawsuit filed by UBS in Britain's High Court of Justice,
comes at a time when the industry is trying to convince regulators to adopt
more favourable treatment of credit derivatives in the updated Basel Accord
on capital requirements.

"This is illustrative of the general uncertainty of how this market works,"
said Richard Boulton, credit risk manager at the Financial Services
Authority (FSA), the UK's financial services regulator.

"There is not absolute certainty that these techniques will work all the
time," he said, speaking earlier this week when news of the lawsuit, filed
in February, came to light.

Draft proposals updating the 1988 Basel Accord treat risks on credit
derivatives as greater than for more tried and tested means of hedging
credit risk such as bank guarantees. As a result they require more money to
be set aside to cover risk.

The market body, the International Swaps and Derivatives Association ( ISDA
), is pressing Basel regulators for talks about aspects of the proposals,
which it says, are unfair.

"The case won't help the image of credit derivatives. We'll have to see how
things develop but hopefully it won't have a negative influence on
regulators," said the head of credit derivatives at a European bank, who
declined to be named.

Regulators are concerned in particular about legal risk. Bank of England
deputy governor David Clementi said last month question marks existed over
whether players had conflicting views on details of credit derivative deals
they entered into and how the law courts would treat agreements such as
credit default swaps.

A default swap is an insurance-like instrument which allows an investor to
hedge exposure to the risk of an issuer defaulting on an underlying bond or
loan.

In the UBS case, the Swiss bank alleges Deutsche Bank is in default of its
obligations to pay the sum of $10 million in a default swap deal designed to
pay if U.S. building materials firm Armstrong World Industries Inc defaulted
on its debt.

According to documents filed at the High Court, UBS alleges written
confirmation of the swap contract with Deutsche mistakenly lists AWI's
parent Armstrong Holdings as the underlying issuer, not AWI.

UBS alleges the true contract related to AWI, which filed for Chapter 11
protection from creditors more than half a year after the swap deal was
transacted, and not to Armstrong Holdings, which has not filed for Chapter
11 and has not defaulted.

Both banks have declined to comment on the lawsuit but credit derivative
traders have been quick to reject any suggestion that the legal action
supports the argument for harsher regulatory treatment of default swaps.

Disagreements between counter parties over the interpretation of what
constitutes a default event have resulted in court action on a number of
occasions. In a notable case last year, involving the U.S. insurer Conseco,
counterparties disagreed over whether the insurer's restructuring of debt
constituted a default event.

The market is a relatively new industry and regulators are concerned some
aspects of it, like contract documentation, have not been fully
standardised, leaving participants open to the risk of contractual disputes.

Banks and ISDA have worked to improve documentation. ISDA is currently
trying to nail down a definitive description of debt restructuring, which
has proven a particularly tricky issue.

While some market participants fear the market may be harmed by fallout from
legal actions, other experts in the sector are more sanguine.

"The momentum of the credit derivative market is such that it will require
more than these small problems to stop the market growing," said Jonathan
Davies, head of credit derivatives at PricewaterhouseCoopers.

Thesetypes of cases made firms address the issues involved, Davies said,
adding: "It brings the products to the attention of senior management and
accelerates the evolution of the market."

The New Forecast For Meteorologists: It's Raining Job Offers
The Wall Street Journal - March 8, 2001
By Chip Cummins

Two years ago, Bradley Hoggatt was heading for an academic career in
meteorology, intent on discovering more about how hurricanes form. But just
before he started working on a doctorate, a very different opportunity blew
in.

Now Mr. Hoggatt forecasts weather for a floor full of M.B.A.s who trade
billions of dollars in weather-sensitive energy commodities such as natural
gas and electricity for Aquila Inc., the trading subsidiary of a big Midwest
utility.

With no business background himself, Mr. Hoggatt is also trading complex
financial contracts based on his predictions. "I'm putting my money where my
mouth is," says the tall, square-shouldered 28-year-old.

Weathermen and women have become a hot commodity in the exploding
energy-trading business. While off-target forecasts on television may
frustrate parents and schools and embarrass politicians, as they did this
week on the East Coast, they can lose bundles for electricity and
natural-gas traders. So as trading has boomed, so has demand for trained
meteorologists, a profession that traditionally hasn't paid all that well
and is often the butt of jokes.

From Wall Street to Houston's Louisiana Street, where many energy companies
have set up shop, recent graduates are earning twice what they would earn at
the National Weather Service or in academia. "The appetite for weather is
insatiable," says James L. Gooding, director of meteorology at Duke Energy
Corp. A former NASA scientist, Dr. Gooding will be adding a fourth
forecaster to his Houston team in the next year.

Enron Corp., an energy-trading giant based in Houston, has more than doubled
its staff of weather forecasters to nine in the past three years, plucking
talent from places like the Weather Channel. Williams Cos., a Tulsa, Okla.,
competitor, is endowing university fellowships to lure meteorology students.
And since 1999, Aquila, which is owned by UtiliCorp United Inc., of Kansas
City, Mo., has hired two other meteorologists from Mr. Hoggatt's alma mater,
the University of Wisconsin, plus another scientist with a Ph.D. in
climatology.

That hiring paid off a bit during this week's winter storm in the Northeast.
While many on the East Coast were getting miscues from TV weathermen on a
pending, possibly historic blizzard that fizzled in New York and other
cities, traders at Aquila simply looked to Mr. Hoggatt.

Last Friday, Scott Macrorie, an electricity trader for the Mid-Atlantic
region at Aquila, stopped by to see how the storm was progressing. Mr.
Hoggatt's team told him temperatures in his region of interest would be
lower because of the storm, though the snowfall forecast on TV seemed a
little high. Sure enough, temperatures fell and snowfall in many cities was
less than predicted, lifting electricity prices and making Mr. Macrorie a
profit that he says was in the tens of thousands of dollars.

About 500 university students in the U.S. graduate each year with bachelor's
degrees in meteorology, according to the American Meteorological Society. An
additional 300 or so graduate with masters degrees or doctorates. Until just
a few years ago, those graduates didn't typically have many options: TV for
those who had the blow-dried look, back-office jobs with the government or a
handful of private consultants for those who didn't. Research was an option.
And some airlines and utilities kept a few meteorologists on staff to help
position airplanes or power-line repair trucks during storms.

Now, deep-pocketed trading companies are offering many meteorologists with
graduate degrees salaries ranging from $60,000 to $90,000. Performance and
trading bonuses can double or even triple the figure. That compares with the
roughly $33,000 the National Weather Service pays a junior forecaster with a
graduate degree.

"It's a bit unusual for meteorologists to have the prospect of lucrative
employment after graduation," says John Nielsen-Gammon, a professor of
atmospheric sciences at Texas A&M University. "This is a bit of a switch."

So far, there has been no dearth of meteorological talent available, partly
because the National Weather Service wrapped up a big expansion project in
the mid-1990s and slowed hiring. It hires only to replace people who leave,
about 30 to 50 meteorologists a year.

And the high-pressure world of billion-dollar commodity bets isn't for
everyone. When Carl Altoe graduated from Penn State, one of the nation's top
meteorology programs, he got a heavy sales pitch from Enron. "It's quite an
impressive place," he says of Enron's trading floor, but he wasn't sure
forecasting skills alone would be enough to make the grade. "I would be
afraid that if money wasn't made in a hurry, I'd be tossed," says Mr. Altoe,
who accepted a position with the National Weather Service in Marquette,
Mich.

For others, having forecasts count puts a new thrill in the old art. After
two years as a manager at the Weather Channel's Latin American division in
Atlanta, Jose Marquez posted his resume on an Internet job site run by the
American Meteorological Society. Enron called.

"Have you heard about Enron?" Mr. Marquez remembers being asked. "And I
said, honestly, `No.'"

During a visit, Mr. Marquez, a 33-year-old Navy-trained meteorologist, found
Enron's trading floor exhilarating. Enron courted Mr. Marquez heavily,
tracking him down three times during his Christmas vacation in Puerto Rico.
Mr. Marquez decided the sprawling trading floor was just the sort of active
work place he was looking for. Also, he'd be getting a 10% to 15% boost over
his Weather Channel salary, before potential bonuses from Enron.

"I'm getting more money than I would anywhere else," he says.

Weather has long affected prices of everything from grain at Chicago's early
commodity markets to the stocks of retail companies on Wall Street. Jon
Davis, a meteorologist for Salomon Smith Barney in Chicago, started
forecasting the weather for agriculture traders back in 1985.

But volatile energy prices have raised the stakes for forecasters who are
able to gauge air-conditioning use in the summer or natural-gas demand
during the winter heating season. Meanwhile, all sorts of companies are
turning to energy traders and Wall Street for " weather derivatives ,"
complex contracts used to hedge financial risks associated with the weather.
"With every passing year, you do more energy and more energy," Mr. Davis
says.

Despite big advances in data collection and modeling, betting millions of
dollars on weather forecasts can still be tricky business. Short-term
forecasts are pretty good. Predicting weather two weeks from now is chancy.
Most meteorologists get their data from the government, particularly the
National Weather Service. Many then tweak it with their own interpretations
or forecasting models.

Disappointed last year by poor long-term forecasts from 11 private
consultants, Aquila has a contest offering $100,000 to the meteorologist or
team that can best predict temperatures in 13 major U.S. cities over the
course of a year. "I call it the forecast bakeoff," says Mr. Hoggatt.

The high stakes also mean more pressure on forecasters. WSI Corp., a
Billerica, Mass., weather-forecasting firm, started an energy service last
year, and Jeffrey A. Shorter, a WSI vice president, says energy clients can
be less forgiving than his other clients in TV and aviation, especially when
the forecasts are wrong. But, he adds, "presumably, more often than not,
we're right."

**End of ISDA Press Report for March 8, 2001.**

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA.  THIS PRESS REPORT IS
NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS
NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.

Scott Marra
Administrator for Policy & Media Relations
ISDA
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-2578
Fax: (212) 332-1212
Email: smarra@isda.org

 - Ivy.gif


Chris,

We don't have yet any report on Broadband that might help you, developed
internally
by my group. We are working on a tutorial and we shall send you a copy when
it's ready.

The person who can give you an introduction  to this market is Ravi
Thuraisingham.

Vince

Chris Holmes@EES
04/05/2000 09:55 PM
Sent by: Chris Holmes@EES
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Chase

Vince:

 I am working now in EES as the Chase National Account manager and  am
developing new products to sell Chase. One of the products  I am working on
integrates the provision of broad band with  a  package of   computer
hardware and software for a company's employees.
I can explain more if you are interested.

I understand you put together a  report on Broadband which has helped educate
people as to the technology and economics. Can I get a copy?.

Also do you have any analyses on Chase that might help me  detect other
opportunities?

Is there anyone on your staff with whom I should talk?

Thanks

Chris


Organization Announcement

 It is my pleasure to announce that Kenneth Lovejoy has joined Enron Corp. EH&S Asset Operations.  He will be reporting directly to Donnie Willmann and  will support Central America, Caribbean and EES.  Ken has over 25 year experience in environmental, health and safety for the oil and gas industry.   He has been working for Enron since 1996 and has extensive international experience.    We are excited to have Ken in our team so, please welcome Ken in his new role.

Henry  Van


ok

William Gehle Jr@ENRON_DEVELOPMENT
02/21/2001 09:22 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Bravo

Yes... I should touch base with Lisa.. Thanks,

Let's have a happy hour one of these days to celebrate Carlos' move, Eric's
departure, and life in general!

Kay Mann@ENRON
02/21/2001 09:05 AM
To: William Gehle Jr/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Bravo

I haven't worked with any workout folks.  Do you know Lisa Mellencamp (in ENA
Legal)?  She isn't in that area any more, but she used to be.  She might know
the players.

Kay

William Gehle Jr@ENRON_DEVELOPMENT
02/21/2001 08:58 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Bravo

Thanks very much Kay!

It certainly was a challenge.. it was great to have the moral support from
you and others in Legal and Finance!

Now I need to determine what to do for an encore... know of any good
(corporate finance) workout positions?

Best to you,

Chip

Kay Mann@ENRON
02/21/2001 08:53 AM
To: William Gehle Jr/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph T
Grajewski/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Bravo

Congratulations on your promotions, which demonstrate that ethical standards
(coupled with stubborness) deserve to be  rewarded!

Kay


I am game for anything late in the day.
PL


Could you fax to Heather and Ozzie at the same fax as last night?

Thanks,

Kay

"Nancy Wodka" <nwodka@bracepatt.com> on 07/25/2000 04:02:51 PM
To: <heather.kroll@enron.com>, <kay.mann@enron.com>, <ozzie.pagan@enron.com>
cc:

Subject: Fwd: Enron Edgecombe CT

Not clear if you all received this directly.
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From: John_Mable@dom.com
To: Nwodka@bracepatt.com
Message-ID: <85256927.00725E00.00@smtpmta.vapower.com>
Date: Tue, 25 Jul 2000 16:55:46 -0400
Subject: Enron Edgecombe CT
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Nancy,

Attached is a document in draft form addressing some of the issues discuss in
our recent meeting.

(See attached file: Draft contract changes july24.doc)

 - Draft contract changes july24.doc


> -----Original Message-----
> From: Granville, Sue
> Sent: Wednesday, November 29, 2000 9:36 AM
> To: Jacob, Sasha
> Subject: Project Stanley
>
> Report for November 29, 2000
>
> Report
>  <<Nov29.doc>>
> Articles
>  <<Nov29.txt>>
>
>
>

*******************************************************************
This email message has been swept by MIMEsweeper
for the presence of computer viruses

Ce courriel a fait l'objet d'un balayage contre les virus
informatiques au moyen du logiciel MIMEsweeper
*******************************************************************

 - Nov29.doc
 - Nov29.txt


Hi Robin!
Here's the TXT file.

Have a good night,
Brian.


Thanks very much, Scott.  Shouldn't be a big problem.  Our buy-down auction
would require the customer to commit to a fixed reduction over an extended
period (for a price), and the reduction would have to be verifiable, i.e.,
the customer would need to have the equipment necessary to verify (which
isn't a problem for large customers).  Sounds like a misunderstanding on the
part of the legislator and something that we should be able to talk through.
I'll be there tomorrow.  If it makes sense for me to meet with them, just let
me know.  Who's the legislator  in charge of demand buy-down?

Best,
Jeff

	Scott Govenar <sgovenar@govadv.com>
	02/27/2001 07:58 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "sgahn@enron.com"
<sgahn@enron.com>, "vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com"
<wcurry@enron.com>, "William.S.Bradford@enron.com"
<William.S.Bradford@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>, John
Neslage <john.neslage@enron.com>, Ken Smith <ken@kdscommunications.com>
		 cc:
		 Subject: Buy Down

We met with the legislator who is in charge of the Summer 2001
subcommittee today to discuss Enron's buy down proposal.  Dave Freeman
had discussed the idea with her previously, however, his version
required that the contract be for a pre-arranged price, based on the
notice you were given presumably by the ISO, i.e. 24 hours = x, 12 hours
= y, etc.  Consequently, her concern with our proposal was the
uncertainty of allowing customers to choose whether or not they want to
shut down based on price versus requiring them to shut down to meet
demand, i.e. a modified interruptable.

She requested that we provide her with information about existing buy
down programs and their successes.


Hey:
So I was thinking about your NY problem...I might have an answer.  The site
http://www.bestfares.com/internet_charts/hotel_internet.htm
lists cheap hotel specials.  The problem is they won't list them until the
Wednesday before the weekend.  Check it out though.  They have some
reasonable deals.
John


I am forwarding a message from a Wellesley student which includes her
resume.  Let's make sure that she is on our interview schedule for our return
visit in November.  I talked with her quite a bit before the presentation,
and was impressed with her.  She has followed up with phone calls and this
e:mail.  I am sending her some additional information on Enron at her request
to help familiarize her with the company.  Her work experience to date has
been with more traditional energy companies. --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 10/11/2000 04:59 PM
---------------------------

"Sona C. Khanova" <skhanova@wellesley.edu> on 10/11/2000 12:59:43 PM
To: sally.beck@enron.com
cc:
Subject: From Wellesley

Dear Ms. Beck:

I am writing to thank you for taking your time to talk with me on the
phone this morning. I am very excited about this opprtunity to speak with
you again.

I understand that you must very busy now and I attach my resume to gain
more time to discuss how my background fits Enron's requirements and
business objectives.

I will call you at 4.30 pm today.

Thank you,

Sona

 - e_resume_S.K..doc


The Holiday Party is coming....
Planning is underway...

You have been selected to participate in a focus group.  You will be responsible for providing your opinions and ideas about the Holiday Party occurring on December 8th.


Please see attached....

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Thursday, February 07, 2002 1:54 PM
To:	Robertson, Audrey
Subject:	bullets

Audrey,

Would you please email me the final bullets from last week.  I don't necessarily go look for the final copy since I am the one who combines all the bullets.

Thanks, Kim.


This message is only relevant for those going to UBS.
...

It appears that the following email may not have been clear.  You have to copy all documents yourself.

This is my cheat sheet if it helps:

H Drives:
1.  Each person will have to move any data over personally from the old H drive (which is now Z:) drive to their new H drive.
2. The Z: drive (old H:) will be removed from UBS employees on Thursday night.

O Drives:
1. For the old O or M drives go to O:\ESTATE\ O (or M ? pending location of data) and copy to the new common O.  The Estate O and M will be removed from UBS employees on Thursday night.

Do not delete anything and only copy information which is complies with the policy.  Please make sure that those people who are not in the office are contacted and comply.

Louise

To:		All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)

Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS.  To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.

Please review the protocol carefully.  Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.

Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .

Protocol Document and Data Copy Instructions

Certification Document


Here's the options memo you requested.  Happy New Year!

Betsy

 <<68085_1.DOC>>

 - 68085_1.DOC


Jim,

Do  you know who is representing Ben Glisan, Kristina Mordaunt, Anne Yaeger, and/or  Kathy Lynn?

Joe


Hello Kate, here are the participant lists for COB, PV, MIDC, 4C,
and MEAD.   Please note that PSCO is under "New Century Energies".  Feel
free to call me up if there is still more questions/concerns.
  Thank you
 Eric

 <<COBpart.doc>>  <<PVpart.doc>>  <<MidCpart.doc>>  <<FourCpart.doc>>
<<Market Place Participants.doc>>

 - COBpart.doc
 - PVpart.doc
 - MidCpart.doc
 - FourCpart.doc
 - Market Place Participants.doc


3 nights out in a row would be a bit much for this ol girl.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 01:10
PM ---------------------------

Kay Mann
04/20/2001 12:55 PM
To: "Clark Thompson" <cthompson@bracepatt.com>
cc:

Subject: Re: Astros Diamond Box Tickets

Thanks for the offer (and the call) but I haven't been able to secure a
sitter for Michael.

My schedule should be getting better (famous last words), and I hope we can
get together soon.  I would like to introduce you to Carlos Sole, if you
haven't met him yet.

Thanks again,

Kay

"Clark Thompson" <cthompson@bracepatt.com> on 04/20/2001 12:47:05 PM
To: <alan.aronowitz@enron.com>, <Barbara.N.Gray@enron.com>,
<carlos.sole@enron.com>, <dan.lyons@enron.com>, <jordan.mintz@enron.com>,
<kay.mann@enron.com>, <lisa.mellencamp@enron.com>, <Sheila.Tweed@enron.com>,
<steve.van.hooser@enron.com>, <Stuart.Zisman@enron.com>
cc:

Subject: Astros Diamond Box Tickets

I noticed this morning that the firm's Diamond Box seats for tonight's game
against St. Louis had not been claimed and so claimed them.  I apologize for
the late notice, but if you would be interested in going tonight, I would be
happy to make them available to you and your spouse, date, etc.  I'm still
trying to arrange my schedule to go, but wanted you to have the opportunity,
even if I couldn't make it.  Please call me or my secretary, Becky, at your
earliest convenience to let me know if you would like to use these tickets.

cgt

Clark G. Thompson, Jr.
Bracewell & Patterson, L.L.P.
711 Louisiana, Suite 2900
Houston, Texas  77002-2781
Phone: 713.221.1477
Fax:      713.221.2116
email:    cthompson@bracepatt.com

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1477 or by fax at (713) 221-2116,
and confirm that you have destroyed this information and any copies.
Thank you.


I will be on vacation next week, October 1-5th.   In my absence ,  contact Clint Dean or Smith Day for any questions related to Frontera,  etc.

Feel free to wake Clint up for any reason.

Thanks,

JMF


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080676&Page=MyReq.


Hi Jen,
    Though we share concerns / ideas that are forwarded, please take us off
your list.  We get lot and lots of forwarded stuff.  If you want to contact
us directly via e-mail re something that pertains to us, that's great.
Thanks, Colleen and Chris


---------------------- Forwarded by Roger Yang/SFO/EES on 11/15/2000 09:59 AM
---------------------------

	Enron Energy Services

	From:  Marianne Castano                           11/15/2000 09:14 AM

To: Roger Yang/SFO/EES@EES, Scott Stoness/HOU/EES@EES, Wanda
Curry/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Susan J Mara/SFO/EES@EES,
Mona L Petrochko/NA/Enron@Enron, Dennis Benevides/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron
cc: Mike D Smith/HOU/EES@EES, Melinda Winn/HOU/EES@EES
Subject: PG&E Petition to Modify

Please be advised that EES Legal is working with regulatory and litigation
counsel in California on a strategy to pursue in response to PG&E's
Petition.  Please do not contact PG&E or communicate any information
externally regarding this matter without first involving either Mike Smith or
me.

Thank you.

     Marianne

---------------------- Forwarded by Marianne Castano/HOU/EES on 11/15/2000
11:10 AM ---------------------------

Roger Yang
11/15/2000 10:45 AM
To: Scott Stoness/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Marianne
Castano/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Dennis
Benevides/HOU/EES@EES, Richard Shapiro/NA/Enron@Enron
cc:
Subject: PG&E Petition to Modify

In addressing PG&E's Petition to Modify, we may want to entertain the
following thoughts:

PG&E and SCE filed their cost recovery plans that implement the "top-down"
approach to calculating Direct Access charges implemented pursuant to
Decision No. 96-12-077;
PG&E and SCE entered into stipulations to remove the "direct access zero
minimum bill"; hence eliminating the cap on PX credits pursuant to Decision
No. 99-06-058;
Elimination of the PX cap is consistent with AB 1890 adoption of PU Code
368(b) which states, "The separation of the rate components required by this
subdivision shall be used to ensure that customers of the electrical
corporation who become eligible to purchase elctricity from supliers other
than the electrical corporation pay the same unbundled component charges,
other than energy, a bundled service customer pays.";
PG&E's Petition to Modify is burdensome and unnecessary because California
contract law governs the contractual relationship between ESPs and their
customers and there has been no evidentiary proof of customer complaints or
demonstration of unpaid costs from ESPs to utilities;
PG&E's Petition to Modify is a veiled attempt to access commercially
sensitive information which may be abused by the utilities;
PG&E's highlighting of this issue, may subject their shareholders at risk for
the decisions made by the utility to enter into the stipulation adopted in
Decision No. 99-06-058;
PG&E's questioning of the legality of the stipulation brings into question
the legality of all past settlements and stipulations, hence undermining
their position with respect to nuclear settlements; and
PG&E has demonstrated a track record of misleading the public through their
irresponsible claims in their GRC filings and customer meetings that there
will be post-freeze rate decreases above 30%, and in their "Rate Freeze End
Matrices" that the rate freeze can not end before January 1, 2001 and that as
prices increase the rate freeze will end at a later date.  This has
demonstrated that PG&E has covertly attempted to undermine Direct Access.

We should meet with PG&E, to strongly request that they withdraw their
Petition to Modification and remind them of these points.

Roger

---------------------- Forwarded by Roger Yang/SFO/EES on 11/15/2000 08:10 AM
---------------------------

Roger Yang
11/13/2000 06:45 PM
To: Scott Stoness/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Marianne
Castano/HOU/EES@EES
cc: Harry Kingerski/NA/Enron@Enron, Susan J Mara/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Dennis Benevides/HOU/EES@EES
Subject: PG&E Petition to Modify

PG&E filed a Petition for Modification of the CPUC decision (D.97-10-087)
adopting a settlement to eliminate the cap on PX credits and allow for PX
credits that results in payments to Direct Access customers and their ESPs.
PG&E is requesting that the CPUC add "clarifying language" to their previous
decision that states the following:

"PG&E will pay the ESP for accumulated negative charges or credits owing to
the customer if the ESP provides PG&E documentation showing that either (1)
the ESP is flowing through to the customer the negative charges or credits
owing to the customer or (2) the customer has assigned to the ESP the right
to receive the negative charges or credits owing to the customer."

In its Petition for Modification, PG&E has the nerve to state, "While it is
not clear whether this result was intended or is even lawful, to the extent
that PG&E owes these credits, as discussed below the credits belong to direct
access customers and not to their ESPs.  PG&E cites as the reason for this
filing is that they are interested in protecting against the risk that ESPs
are acting fraudulent with their customers.  However, the real reason PG&E is
raising this issue is to highlight the issue within the context of current
discussions regarding their request to end their rate freeze.  PG&E even
recognizes that this issue should be resolved with market participants in
working groups, but wanted to bring the issue to the attention of the CPUC.

Roger

---------------------- Forwarded by Roger Yang/SFO/EES on 11/13/2000 06:24 PM
---------------------------

Mona L Petrochko@ENRON
11/13/2000 12:57 PM
To: Roger Yang, Dennis Benevides/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron
cc: Susan J Mara/NA/Enron@Enron
Subject: PG&E Petition to Modify

PG&E filed a Pet Mod on the decision which directed them to pass on a PX
credit to ESPs even if it is in excess of the frozen rate.  PG&E is asking
that the credit in excess of frozen rates be conditioned upon a showing by
the ESPs that the customer is receiving the credit.

Legal is aware and is likely to be arranging a conference call on this
shortly.


As some of you may have seen through the e-mail system, Enron Corp. has begun
a payables and procurement initiative under the name "iBuyit."  The
initiative involves the implementation of an on-line procurement and payables
system, the central focus of which will be to enable Enron to better track
vendor expenses and overall costs.

The implementation of the payables portion of the system will occur on May 1,
2001 and will be applicable to all organizations supported by Houston-based
Accounts Payable processing centers (e.g., our Legal Department).  I have
been asked to be the stakeholder for this project for the Department and have
been working with Dina Snow and Carolyn George (as the Department change
agents) to get up to speed on this program and its impact.

Given that this program will present a marked changed in the manner in which
we will be coding, reviewing and approving invoices for payment, it is
important that each of you have an overview understanding of the system and
how it will function.  This, in turn, will aid you in determining the best
process to be implemented within your particular group for use of the
system.  To assist in this general understanding, the iBuyit group prepared a
system demonstration running through the functionality of the system and
answering some general questions as to its use.  I believe it provides an
appropriate overview and have provided the below link to the demonstration
location:

http://ibuyit.enron.com/gss/ibuyit/iBuyitPayablesPresentation.ppt

Mark has asked that I speak on this program a bit at the upcoming OGC meeting
(Monday, 4/23) and answer any questions you may have.  In the interim, if
there are any questions about the program or the system's functionality,
please do not hesitate to call me.

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


-----Original Message-----
From: 	Muzzy, Dolores
Sent:	Friday, August 03, 2001 1:48 PM
To:	Edwards, Joe; Mrha, Jean; Gaskill, Chris; Lipshutz, Cheryl; Colpean, Amanda; Williams, Bill; Breese, Mark; Mcgowan, Kevin; Fitzpatrick, Amy
Subject:	Supervisor Review Meeting for Tuesday, 8/7

This is a reminder that a Supervisor Review Meeting is scheduled for Tuesday, August 7th at 3:00 p.m. in 35C2.  Please come to the meeting with your completed feedback form for your summer intern.  In this meeting decisions will be made as to who will receive offers to join Enron.  If you cannot attend the meeting please send the form to Traci Warner prior to the meeting or have someone come in your place to properly represent your summer intern.

Please call me if you have any questions.

Bill & Amy - I know that you will not be in Houston to meet regarding Todd Bland but show that his exit date is 8/17/01.  I assume you will send Traci Warner the completed feedback form and notify her if an offer is going to be made.  Please also have Todd complete the 2 exit forms and send a copy back to Traci Warner for her records.

Thank you!
Dolores
x36245


Yes, I fedexed TradeSpark out to them.  If you remember, I brought the file
copy around to you for the file.

	Mark Greenberg@ENRON
	03/01/2001 09:06 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: RE: TradeSpark NDA

Tana -

Did we finalize the TradeSpark NDA yesterday?  Please let me know.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/01/2001 09:06 AM -----

	"Fogel, Stephen" <SFogel@cantor.com>
	03/01/2001 08:39 AM

		 To: "'Mark.Greenberg@enron.com'" <Mark.Greenberg@enron.com>
		 cc: Michael.Bridges@enron.com, Tana.Jones@enron.com, "Hayes, Robert"
<RHayes@cantor.com>, "Williams, Mike" <MWilliams@tradespark.com>
		 Subject: RE: TradeSpark NDA

Thank you. My understanding is the pricipals want to meet Fri. If we can
finalize today, that would ne great.

-----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Wednesday, February 28, 2001 9:51 AM
To: Fogel, Stephen
Cc: Michael.Bridges@enron.com; Tana.Jones@enron.com
Subject: RE: TradeSpark NDA

Stephen -

This is acceptable.  I will move forward on finalizing the NDA.

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

                    "Fogel,

                    Stephen"             To:
"'Mark.Greenberg@enron.com'"
                    <SFogel@canto        <Mark.Greenberg@enron.com>

                    r.com>               cc:     Michael.Bridges@enron.com,

                                         Tana.Jones@enron.com

                    02/27/2001           Subject:     RE: TradeSpark NDA

                    12:05 PM

Mark, thank you. We would request that in Paragraph 3 the "Except as
otherwise provided" languge be deleted and the language below be added in
replacement.

"The parties acknowledge and understand that this agreement does not limit
or restrict the ability of either party to engage in its respective
business, nor does it limit either party's use or application of any
information or knowledge acquired independently of the other without breach
of this agreement in the course of such business.

Is this acceptable?

-----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Tuesday, February 27, 2001 9:55 AM
To: Fogel, Stephen
Cc: Michael.Bridges@enron.com; Tana.Jones@enron.com
Subject: RE: TradeSpark NDA

Stephen -

The below language is acceptable; however, I would suggest it be placed as
the first sentence of Paragraph 3, if it remains TradeSpark's position that
the existing first sentence of this paragraph (beginning with "Except as
otherwise provided ....") is to be deleted.  If the existing first sentence
is to remain, the language you propose should be added as the second
sentence of paragraph 3.

Please confirm the above and I will move forward on finalizing the
agreement.

Thanks for your cooperation.

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

                    "Fogel,

                    Stephen"             To:
"'Mark.Greenberg@enron.com'"
                    <SFogel@canto        <Mark.Greenberg@enron.com>

                    r.com>               cc:     Michael.Bridges@enron.com,

                                         Tana.Jones@enron.com

                    02/26/2001           Subject:     RE: TradeSpark NDA

                    05:22 PM

I believe I understand your concerns - I would like to suggest that we add
the following language after the first sentence of Paragraph 3 - and then
execute the Agreement.

-----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Monday, February 26, 2001 4:55 PM
To: Fogel, Stephen
Cc: Michael.Bridges@enron.com; Tana.Jones@enron.com
Subject: TradeSpark NDA

Stephen -

Since we keep missing each other, I wanted to drop you a note about the
comments TradeSpark made to the Enron NDA.

As to the comments:

Paragraph 1 - The changes are acceptable.

Paragraph 3 - The rationale for this deletion needs to be provided.  I
cannot see why this change was made or is necessary.

Paragraph 5 - This deletion is unacceptable to Enron.

When you get a chance, please call me to further discuss Paragraph 3.

Thanks.

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


Will,

I usually send these directly to the customer unless you prefer otherwise, so
I will also need an email address or telephone and fax number.  I also need
to know whether you want a bilateral form of non-disclosure agreement or a
one way form that protects Enron only.  In circumstances where we are certain
Enron will be the only party providing confidential information we prefer to
use that form.  Also, I need to know the nature of the confidential
information you are discussing so we can protect the information being
discussed.

	Mark Greenberg@ENRON
	03/28/2001 07:26 PM

		 To: Will Zamer/ENRON@enronXgate
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: NDA's

Will -

This is still the case.

Please copy Tana Jones on the information and she will generate the
agreements for our use.

Thanks.

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

	Will Zamer/ENRON@enronXgate
	03/28/2001 06:21 PM

		 To: Mark Greenberg/NA/Enron@ENRON
		 cc:
		 Subject: NDA's

I need two non-disclosure agreements before sharing our DocuLogic functional
requirements document with an external consulting company with expertise in
building document management systems.  Can you make these for me, or should I
approach IT's contracts department?

Last time I had them made, Enron required (1) official name of company, (2)
state of incorporation, (3) principal address of business, (4) name/title of
their authorized signatory.  Is this still the case?


Hi Evening MBA students,

We expect to send out grade letters next week, the last week in May.  We
are receiving grades from the instructors this week, but cannot e-mail,
fax, nor tell you on the phone your grades.

Some of your grades my already be available on Bearfacts, if they were
submitted electronically by the instructor.

Try using "password" as the password or your PIN# when you first go into
Bearfacts.  If you have questions, please give us a call at (510) 642-1406.

Thanks,
TJ


The latest requirements are below.  Please let me know if you can not attend today.  Please bring a copy of the requirements sheet with you today.

Thank you.

Debra

Objective:

Review all East Desk tactical systems requirements and receive status on development progress.  This will be a high level review meeting.  Requirements needing detailed discussions will be identified and scheduled for individual scoping / design meetings.

Agenda: (Note: our first meeting may go over 1 hour)

-  Volume Mngt. and Settlements (15 min):  Requirements - Thresa Allen (business lead)
-                                                               Status - David Poston (IT support)
-  Scheduling and Trading (15 min):  Requirements - Corry Bentley (business lead)
-                                                   Status - Duong Luu / Will Smith (IT support)
-  Fundamentals / Genco / Services (15 min):  Requirements - Lloyd Will (business lead)
-                                                                  Status - Madhup Kumar (IT support)
-  Risk Management (15 min):  Requirements - Stacey White (business lead)
-                                            Status - Dave Nommensen / Duong Luu

Please let me know if you have any questions or suggestions.

Thank you.

Debra
713-853-1657


Sue Mara was correct on the call yesterday.  While the PUC meets regularly on
Thursdays, it appears they are having a meeting today at which the "Bilas
Alternative" is up for a vote.  Our information is that there is some
likelihood that the decision will be approved----but please don't hold your
breath.  We'll disseminate information just as soon as we get it.

Best,
Jeff


Carol,

I have attached the items you requested.  If you need any further information
please let me know.  I work in the evenings so if you need anything before
2:00 please call my cell phone.  The number is 281-300-9145.

Thank you for your help,

Robin
x57478


Buy Apache  #384247
Buy Williams 384237
Sale Tenaska 384258
Trans Capacity Lone Star 452491&452475

Spot sales will be on various tickets throughout each month.  Deals are under
the Cleburne Intramamonth Position in Sitara.

D


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/19/2000
08:55 AM ---------------------------

Steven E Shreve <shreve@matt.math.cmu.edu> on 09/07/2000 04:44:33 PM
To: Vince.J.Kaminski@enron.com
cc: ps5@andrew.cmu.edu
Subject: Visit to Carnegie Mellon

Dear Dr. Kaminski:

Pierre Ste-Marie tells me he has invited you to visit Carnegie Mellon.  I
would just like to emphasize how much we hope you can arrange a visit.  We
have had the good fortune of attracting outstanding students into our
Master's program in Computational Finance, and I think you will enjoy
meeting them.  Last year Alexander Eydeland visited, and at the conclusion
of the year hired one of the students.  I look forward to meeting you.

Sincerely yours,
Steve Shreve

Steven E. Shreve
Department of Mathematical Sciences
Carnegie Mellon University
Pittsburgh, PA  15213-3890

E-mail: shreve@cmu.edu
Direct Telephone: 412-268-8484
Department Telephone: 412-268-2545
Fax: 412-268-6380


sure

-----Original Message-----
From: Shults, Bob
Sent: Wednesday, November 07, 2001 6:33 AM
To: Arnold, John
Subject: RE: Nymex Status

Yes.  Want me to come to your desk?

-----Original Message-----
From: Arnold, John
Sent: Tuesday, November 06, 2001 9:19 PM
To: Shults, Bob
Subject: RE: Nymex Status

are you free around 430 wed to discuss?

-----Original Message-----
From: Shults, Bob
Sent: Tue 11/6/2001 3:21 PM
To: Arnold, John
Cc:
Subject: Nymex Status

John,

I met with Bo last Thurs and continued the discussion today with Bo, David Keller (Nymex CTO), David Salomon (Nymex), Brad Richter and Jay Webb.  Nymex indicated that they would like to move ahead very quickly on getting a price posting arrangement with them on Access where they will be showing prices all day including the OTC products.  Once this is complete they would also like to contemplate an arrangement on a Phase 2 technology sale with them.  They are currently scoping our the Phase II requirements.

Nymex does not have the resources to build the API (interface with EnronOnline) and would like us to do the development.  This type of arrangement requires the desk to make some decisions:

Are we willing to post numbers on Access electronically and have the transaction occur on Access?  This will give us the risk of being double hit.
Are we willing to dedicate technology resources to this effort (and away from other EnronOnline priorities) and will the desk get enough benefits to justify the opportunity costs?
What would it take for you to post numbers in this fashion (fees, preferential fills, etc).  You have the original specialist proposal we sent to them.

We indicated to Bo that we would get an answer on this and call in the next couple of days.  If we can answer these questions, Jay will have someone look at the Access code and determine the cost to us (development time).

We will also be meeting with Nymex next Wed to talk about Phase II.  We think that we can structure a transaction that would include an Access Price Posting in the short term, Specialist role and an obligation to look at our Phase II proposal.  If we do not get a firm commitment on Phase II within a specified period we can review our specialist role and ask them to pay for the API we built to access.

Please call me to discuss at 713 853-0397.

Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126
bob.shults@enron.com


As many of you already know, Brett Hunsucker has accepted a new position with
ERCOT in Texas.  His new position is a Client Representative for the new
deregulated market.

We will be wishing Brett and Holly a fond farewell on Thursday evening.  The
time and place will be determined later this week, but please plan on joining
us to congratulate Brett on his new opportunity!


Still working...for today anyway. We spent a cold weekend in Conroe TX.  Alina was well-behaved all weekend.

Can you do lunch this week?  Perhaps tomorrow?

-----Original Message-----
From: Jewell, Cyndi M [mailto:cjewell@bcm.tmc.edu]
Sent: Tuesday, March 05, 2002 12:45 PM
To: Shelley A. Corman (E-mail)
Subject: Hello... testing

Just checking to see if this e-mail is working. I hope you had a nice
weekend!


Sara and Jason:
Here are my initial thoughts on how we can possibly shorten the weather
confirms that are done under a Master Agreement.  It seems like we could
amend the Masters to include the following definitions which seem to be used
in each conform:

Payment Date
NCDC
NWS
HDD
CDD
The Fallback Reference Weather Station procedures - the confirm would
identify just the Fallback Reference Weather Station
Data Sources

Let me know what you think.

Carol

Alos, is it necessary to specify bank account information if that is already
set forth in the Master?


No, he cannot come to the crude meeting, but I'd be happy for him to have a
tour of the gas and crude floors and introduce him to some traders.

Caroline Abramo@ENRON
12/12/2000 02:56 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Per Sekse/NY/ECT@ECT
Subject: HARVARD in office tomorrow all day

Jeff- Hi-

WE finally started trading with them- have done some Brent/ WTI and heating
oil.

Jason Hotra- the younger trader is coming into the Houston office tomorrow
all day with me- I was hoping he could come into the crude meeting-

Would this be OK? We'd have to announce him to all the traders- it would be a
great forum for him to get a feel for what we are doing.

Sorry for last minute-

Per probably told you they are very interested in the syndication deal he is
working.

On other fund fronts: Tudor started trading Brent with us and is putting on a
large position in nat gas/ heat.

We have documents signed with 3 other funds - ready to roll on Jan1

On funds and metals, I'd like to talk to you for a few minutes.

Thanks and Regards,
Caroline


Kay,  PLease see the attached.


I kind of lost my temper a bit with Mark.   Probably wont sound good on tape,  but I told him that a monkey-man wouldnt interpret the protocols that way.
Its the Dynegy thang talking.

JMF

 -----Original Message-----
From: 	Twiggs, Thane
Sent:	Thursday, November 15, 2001 10:24 AM
To:	Forney, John M.; Nicolay, Christi L.; Portz, David; Gilbert-smith, Doug
Cc:	Ryall, Jean
Subject:	RE: ASAP please: ERCOT Questions OOMC & OOME

I will put in a call.  Kent is always on the run so it may take awhile to run him down.  I will also do something in writing to get a "record".
TTT

 -----Original Message-----
From: 	Forney, John M.
Sent:	Thursday, November 15, 2001 10:21 AM
To:	Twiggs, Thane; Nicolay, Christi L.; Portz, David; Gilbert-smith, Doug
Cc:	Ryall, Jean
Subject:	RE: ASAP please: ERCOT Questions OOMC & OOME

Mark Patterson, our Rep,  called today to ask me if everything was resolved to my satisfaction.    I relayed that I did talk to John Adams last night and he did agree to give us one hour notice with an OOME instruction.    This is great,  however,   Mark warned me that we were outside of the tariff because Ercot still maintains that OOMC means run.
He relayed that in the event of line meltdown,  etc.  we would be liable.     John Adams also said this last night.   We are officially on notice of potential QSE liability.

In my opinion we need to:
Call Ken Saathoff and see if he can resolve their confusion today, otherwise we need to file whatever is necessary, under the protocols,  to protest this ridiculous interpretation and to protect ourself from this "liability."
Officially request clarification in the protocols on this issue.

Thanks,
JForney

 -----Original Message-----
From: 	Twiggs, Thane
Sent:	Thursday, November 15, 2001 9:01 AM
To:	Nicolay, Christi L.; Yeung, Charles; Maurer, Luiz
Cc:	Ryall, Jean; Steffes, James D.; Portz, David; Forney, John M.; Gilbert-smith, Doug; Day, Smith L.
Subject:	RE: ASAP please: ERCOT Questions OOMC & OOME

Here are a few additional points:

I spoke with Ken Saathoff at ERCOT last week (he is the director of technical operations) and he agreed that an OOMC instruction is essentially a "be ready" instruction and an additional OOME or another type of unit specific instruction is necessary for the plant to deploy. He is John Adams boss, so there is a disconnect between the two levels.  In addition to Kent, I spoke to Mark Walker the senior corporate counsel regarding payment, or lack thereof and he suggested that the only method would be to dispute the settlement statement and use that process.  Going forward however, that is not an effective mechanism due to the delay in payment and the necessity to prove your cost structure.

In speaking with Forney a few minutes ago it sounds like he may have convinced John Adams, but I would be happy to call Kent Saathoff if you feel that would help.

 -----Original Message-----
From: 	Portz, David
Sent:	Wednesday, November 14, 2001 6:12 PM
To:	Nicolay, Christi L.
Cc:	Gilbert-smith, Doug; Baughman, Edward D.; Miller, Jeffrey; Forney, John M.
Subject:	Ercot Questions OOMC & OOME

Forwarded as discussed.  Doug Gilbert Smith has asked that your group draft a complaint to the PUCT regarding this misinterpretation of the Protocols by the ERCOT ISO, which effectively requires a generator called on for the OOMC ancillary service to run its plant, and sidesteps the obligation to pay an OOME price component when the plant's output is utilized by ERCOT.  The OOMC compensation is currently negligible (and recovery of actual costs under Protocols Sec. 6.8.2.1(6) may take a long time), and the OOME compensation has various problems as well: (1) the more ERCOT calls on a plant for OOME, the the lesser the OOME price paid (Protocols Sec. 6.8.2.2 -- Heat Rate value decreases), and (2) plants directed to provide, say, 135MWs of OOMC/OOME, are not allowed to generate above 135 MWs in an interval (thus running the plant economically at a lower heat rate) to sell the excess in the marketplace. The Frontera plant, a customer of EPMI acting as QSE, is located such that ERCOT is and will be consistently telling the plant via its QSE to provide OOMC -- to produce energy going north on a line in South Texas. Doug says we should advocate to the PUC that plants in such a position should be Reliability Must Run ("RMR") and be paid at an adequate premium for their support of the system' reliability.

I noted to you as well that this is likely to be a dispute with ERCOT over the interpretation of the Protocols, conducted under Protocols Section 20, and we would appreciate any reg. group efforts toward preparation for iinitiating such dispute.  Frontera has indicated they will not provide OOMC tomorrow even if ERCOT tells us, their QSE that it should be dispatched. Thus we are caught in the middle.  The legitimate bases for not complying with an ERCOT dispatch instruction are stated in Protocols Section 5.4.4(2): "threat to safety, risk of bodily harm or damage to the equipment, or otherwise is not in compliance with these Protocols".  Though the Protocols Sections 1-22 seem to recognize as to other capacity- oriented ancillary service products that it is 'generating capacity available but not energy delivered to the grid', I have not seen this made clear as to OOMC.  The Operating Guides' definition of OOMC, page 21 seems to recognize this however, and Section 2B of the ERCOT Market Guide, p. 8 (Feb 22, 2001) recognizes the distinction between capacity and generated energy clearly in support of the position stated by John Forney below.

Sorry for the long e-mail -- I was trying to provide a statting point for your group.
  -----Original Message-----
From: 	Forney, John M.
Sent:	Wednesday, November 14, 2001 12:27 PM
To:	Portz, David; Gilbert-smith, Doug
Subject:	Ercot Questions

David,
I need some help with an Ercot protocol interpretation:

Frontera has been issued  OOMC requests by the ISO on numerous occasions, starting September 14th.    This Out of Merit request is issued if no mkt bids exist to solve congestion, whether local or zonal.
The OOMC, as I understand it,  reserves capacity for Ercot and the premium is predetermined based on a formula mentioned in the protocols.   The formula is based on the replacement reserve clearing price,  which currently is zero.   This is because the replacement reserve market is non-existent.  An announcement on how the OOMC capacity payments will be calculated is due out this week,  per Mark Patterson.

The second component of this option is OOME.    This is a request for actual energy related to the OOMC option.   The strike price is calculated from a preset heat rate multiplied by the HSC daily price, as mentioned in the protocols.  So the OOMC/OOME ws designed to work like the ancillary services with a capacity award and an energy component.  I think that this is the spirit of the OOM's, as mentioned in Section 6 of the Protocols.

Here is the problem:
the head of Ercot Market Operations,  John Adams,  interprets the protocols to mean that OOMC requries the plant to be generating.     When Ercot dispatchers had issued an OOMC,  they quickly followed up to ask us why we were not generating into the grid.
We explained to them, on numerous occasions,  that we dont believe OOMC means run.   If they wanted us to run,  then they would need to issue an OOME for the actual energy component.    I asked my employees to clarify with Ercot whether we were being asked to run,  yes or no.    When instructed to run by Ercot,  we had to assume that we were settled based upon the OOME calc, as we were previously under OOMC orders.

I sent at least three e-mails to my Ercot rep,  Mark Patterson regarding this issue.   I finally caught him by phone and he relayed that he thought Ercot's  intrepretation was correct.    For all of the times that we ran,  at their request,  we werent going to be paid based on the OOME heat rate calc,  rather we were going to receive the balancing energy price ( a penalty for Resource Imbalance).   For example,  in the early morning hours we would receive as little as $1 for electricity that cost $27 to generate.   Mark also mentioned that when they said run,  they expected us to sell to someone else,  or just generate into the imbalance.    Mark told me "dont worry,  you can file to receive your generation expenses in the event that you lost money."

Here is my view:
OOMC does not mean run.  It means have the capacity available in the event Ercot calls,  much like replacement,  responsive reserve and non-spinning.
Ercot's interpretation is being decided by the Manager of Mkt Operations,  a group supposedly unconcerned with price.
If OOMC means to run,  then why would the protocols contemplate, or need OOME?  They would never have to pay OOME if we were already running into the imbalance.
OOMC is an option and the exercise is OOME.   This is basically the disagreement.    This could very well be a $500,000 issue for Frontera.
Why would anyone generate for $27 and dump to the imbalance mkt at $5 in hopes of filing for a "breakeven."   Ridiculous.

I spoke with Bill Kettlewell with Customer Relations and he had "no comment" on whether OOMC means to generate.  Mark Patterson now also has "no comment."
Bill and Mark said that we needed to file a dispute in order to receive closure on the OOM capacity payment.   I suspect that we will follow this same path when we file for OOME reimbursement vs.  the imbalance price we will receive.

I had instructed my employeess to refuse to turn on the plant   (in response to an OOMC) until we receive an OOME instruction.   This has compelled  Ercot to deploy an OOME request to us, because they need  to have us online to control local congestion.   Would this not be an omission that their view was incorrect?  Section 5.4.4 says that a QSE may fail to comply with an Ercot directive if it causes a safety concern, or ,  Ercot is not in compliance with the Protocols.  The latter is in effect.
Ercot is now telling us that they cannot instruct us, or give us an OOME deployment,  unless we are already runnnig.    I think that this is a software issue, not a protocol issue.
We worked out an interim compromise with Ercot until this issue can be settled.  Once we have been OOMC'd,  we will start to gen.   Once we reach full load,  we will request an OOME.   If they dont comply,  we will shut down the unit.    Ercot said that " it was entirely reasonable that we would  request to be compensated in the form of an OOME."
The Ercot dispatchers are complaining that OOME requires them to send an instruction every 15 minutes.   Is this why we are not getting the OOME instruction on a regular basis?

Finally,  I stressed to Ercot that I wasnt trying to manipulate prices, via OOME or force Ercot into a corner.    It just is not the right economic environment to generate for $27 and sell for $5.    Further,  operations personell at Ercot have frelayed their displeasure with me for "forcing them to OOME our plant."

Can I get an opinion on whether OOMC means to run?   If you agree with me,  what is our next step?  I need to move aggressively on this issue.

Thanks,

JForney
37160


Carol:

(1)  see Tanya's note re:  Occidental

(2)  I think I negotiated either a confirm or Schedule with a Trust (I'll try
to find).  Of course, there are lots of structured deals with Trusts.

(3)  I don't have strong feelings about the offsite - but I'd vote for the
a.m. rather than change the legal credit seminar to accommodate the offsite.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/16/2001 02:52 PM -----

	Tanya Rohauer/ENRON@enronXgate
	04/16/2001 02:15 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: RE: Legal Credit List

Nova Scotia Power  - this was pending a credit wkst from me.  Weather desk
was pursuing - I have not heard anything out of them regarding this customer
and have not seen any trades other than the one.  Brent may have heard
more...If not, I am game with removing until the commercial team resurrects.

Occidental - I agree it has not moved forward.  We can take off the list, but
I will ask Brant/Jay to pursue on our end.

 -----Original Message-----
From:  Shackleton, Sara
Sent: Friday, April 13, 2001 2:12 PM
To: Rohauer, Tanya
Subject: Legal Credit List

Tanya:

After the last meeting, I promised to ask you about the following:

(1)  Nova Scotia Power Inc. - this shows up as "credit review".  Should this
remain on the list and if so, is there anything that legal needs to do?

(2)  Occidental Energy Marketing, Inc. - this is the new "Forest Oil" of the
list so I say let's forget it.  No, seriously, Carol did revisit the latest
draft and said it was pared down about as far as it could go.  Further, she
cannot get anyone at Occidental to return phone calls.

Please let me know what you would like to do.

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


My apologies for canceling today's class.  I am at home sick.  Today's class was only to last 15 mintues or so and provide a brief introduction.

If you don't already have your book, please get it today from the box on the floor by my desk.  Read chapter one and do the exercises for Wednesday.

The first part of the book is fairly slow reading, but lays some important groundwork.  Also, my recommendation is that for the first couple of chapters, you do both the Excel and Word examples.  The extra practice with Word will help you discover more about VBA that will be useful to you in future Excel work.  After the first couple chapters, the author shifts largely towards Excel.

If you set aside a dedicated time to work on the class material, it shouldn't take you that long to complete.  Also, my suggestion for you, to get the most out of the class, is to do your "homework" BEFORE the morning of the class.  This gives you time to think about the concepts and go back and review if necessary.  Also, I would encourage you to try and do each of the exercises at the end of the chapters.

Let me know if you have questions.

Sorry again for missing the class.  This won't be a common practice, I promise!


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Sorry, I do not know Bob Williams.   I do not think we are looking for help
on our floor.  How are things with you?

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