thx.

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Friday, November 02, 2001 12:46 PM
To:	Ngo, Tracy
Subject:	RE: ENRON/ALLEGHENY ISDA

Tracy:  Just spoke with Michelle Sternberg.  Allegheny does not want to carve out setoff benefit for ENA because it cannot take advantage of the setoff benefit.  I told her that we still wanted the provision for ENA and could continue business under the old Merrill "deemed arrangement" which has whatever setoff provision we negotiated.  She'll speak with Yair.

 -----Original Message-----
From: 	Ngo, Tracy
Sent:	Tuesday, October 16, 2001 2:29 PM
To:	Shackleton, Sara
Subject:	RE: ENRON/ALLEGHENY ISDA

please let me know what the physical power attorney advises...this is news to me.  yes, we need to at minimum setoff our affiliates with the cp.  -Tracy

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, October 16, 2001 12:23 PM
To:	Ngo, Tracy
Cc:	Heard, Marie
Subject:	FW: ENRON/ALLEGHENY ISDA

Tracy:

Let me know what you think.  I'll check with a lawyer from the physical power group.  Also, we should at a minimum, preserve setoff with respect to ENA's affiliates.  Sara

 -----Original Message-----
From: 	"Sternberg, Michelle" <MSternberg@aeglobalmarkets.com>@ENRON
Sent:	Tuesday, October 16, 2001 2:18 PM
To:	Shackleton, Sara
Cc:	Yaish, Yair
Subject:	RE: ENRON/ALLEGHENY ISDA

Sara -

I have spoken with our in-house regulatory specialist and she has informed
me that we cannot agree to include our regulated or non-regulated Affiliates
in Set Off under the Public Utility Holding Company Act without getting
approval from the SEC.

Please advise if we can proceed on the ISDA with carving out Affiliates in
Set Off, as per our original request.

Regards,
Michelle

Allegheny Energy Global Markets
Office of General Counsel
909 Third Avenue, 32nd Floor
New York, New York 10022
(T) 212-224-8718
(F) 212-224-8446/8711

-----Original Message-----
From: Sternberg, Michelle
Sent: Friday, October 12, 2001 3:35 PM
To: 'Sara.Shackleton@enron.com'
Cc: Yaish, Yair
Subject: RE: ENRON/ALLEGHENY ISDA

Sara -

I am checking internally if we can agree to the below.  I will get back to
you in the beginning of next week.

Regards,
Michelle

Allegheny Energy Global Markets
Office of General Counsel
909 Third Avenue, 32nd Floor
New York, New York 10022
(T) 212-224-8718
(F) 212-224-8446/8711

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Tuesday, October 09, 2001 7:38 PM
To: MSternberg@aeglobalmarkets.com
Cc: Marie.Heard@enron.com
Subject: RE: ENRON/ALLEGHENY ISDA

Michelle:

With respect to your setoff request, we cannot agree to eliminate setoff
for your non-regulated affiliates.  Perhaps you could provide us with the
regulated affiliate(s) for a carve out.  I look forward to hearing from
you.  Regards.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490

    -----Original Message-----
   From:   "Sternberg, Michelle" <MSternberg@aeglobalmarkets.com>@ENRON

[mailto:IMCEANOTES-+22Sternberg+2C+20Michelle+22+20+3CMSternberg+40aeglobalm
arkets+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, September 26, 2001 11:14 AM
   To:     Shackleton, Sara
   Cc:     Heard, Marie
   Subject:  ENRON/ALLEGHENY ISDA

   Sara -

   As per Marie's instructions, please find attached a blackline
   incorporating
   the changes that will be required to be made in the final form of ISDA
   (modifications to the Notice and Set-Off provisions).  The attached is
   the
   last version that I have but if the changes are acceptable, I would
   suggest
   that you take the changes and incorporate it into your form of agreement
   since it is the final version.

    <<ENRON ISDA.REVISED 9.26.01.doc>>

   Once reviewed, please let me know if the changes are acceptable - at
   which
   point you can forward to me a revised Schedule (without the signature
   page)
   via e-mail and I can have the agreement countersigned and replace the
   Schedule with your revised Schedule.

   Thank you for your patience.

   Regards,
   Michelle

    - ENRON ISDA.REVISED 9.26.01.doc << File: ENRON ISDA.REVISED
   9.26.01.doc >>

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
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Kevin,
Here's the file for your forecast.
Mike


As many of you know, I am going to be leaving Enron to pursue new
opportunities.
  I am leaving with regret,  as I have enjoyed working with all of you, and I
believe EBS
  is poised for great success in Asia.   To assist in a smooth transition,  I
have prepared
  this report on  the status of all EBS East Asia regulatory affairs actions
I am working on,
  and my thoughts about next steps.    A list of key contacts is also
provided.    Mark
  Schroeder will reassign pending actions.

   Again, many, many thanks for your support and encouragement and for what I
have
   learned about broadband and EBS from each of you.

1.   Singapore

 (a)  SBO License Application:

        The application was completed in draft in December.   Dan Arzola of
EBS Asia
        has a copy in Houston.   We cannot proceed further on the application
until we
        decide what  legal entity to use.   We have a legal entity (Enron
Broadband
        Services Pte Ltd) set up that encompasses all EBS activities
including bandwidth t
        trading.

        The legal entity that we use in the application will have to pay a 1%
annual gross
        turnover fee unless we get it waived by the regulator on the grounds
that the
        turnover fee was never intended to capture bandwidth trading
revenue.   This
        is a possible option in my opinion as the regulator (IDA) does not
want to be working at cross
        purposes with other parts of the government that wish to provide EBS
with incentives.
        See below.

    (b)  Legal Due Diligence:

        However, before pursuing a waiver from IDA,  we were planning to
complete legal due
        diligence to examine any options for avoiding the fee without a
waiver.
        Donald is of the view (see his Jan 9 e-mail ) that bandwidth trading
has to be
        licensed by the regulator.  ( In Europe, bandwidth trading usually
does not
        require telecom licensing.)   If Donald is correct as he probably is,
there may be
        less need of further legal research  on that point unless perhaps to
confirm absolutely
        that there is no way to shield EBS bandwidth trading from the
turnover fee apart from
        a waiver or reduction of the fee.    For example it is possible  that
Jan Haizmann
        or others may figure out a way to have actual trades escape the fee
(done offshore
        for example).   Jan I believe has some ideas on this that he adanced
in the context
        of Korea.

        I believe it would still be prudent  to proceed as we had planned to
engage
        a law firm here in Singapore (as we have in Hong Kong and Japan) for
the purpose
        of guiding us through these sorts of questions (or at least
confirming our reading)
        and answering the many other questions posed in a matrix developed by
a working
        group headed by Wayne Gardner.   We will likely be needing the firm
anyway at
        some point.

        I have prepared a list of seven law firms engaged in telecoms
practice in Singapore.
        EBS General Counsel is planning to examine its Asia strategy and whom
to send and
        when to engage a firm to complete Wayne's questionnaire and for other
purposes.

         My advice is, after the due diligence is completed or we have at
least confirmed
         that bandwidth trading is required to be in the licensed entity,
probably to go to the IDA and
         discuss the implications of the fee for us.   The contacts I would
suggest discussing this
         with are Andy Haire and Fiona Yeo (see contact list).]      IDA does
not wish to prevent
         EBS's coming to Singapore, and the fee was of course set up without
bandwidth trading
         specifically in mind as a revenue source.   Bandwidth trading was
referenced in the
         Code only later as a result of Enron's comment letters.

  (c)  Arthur D Little consultant proposal to support EBS Pioneer Status
Application

         This 75k proposal is now with us in final form, after undergoing
changes by me
         and two by our Houston tax lawyers.   I was to have gone to ADL
Singapore next
         for a meeting to question them on how much of this they are able to
         do independently without reliance on us.   This was a suggestion
made by
         Jim Ginty of EBS tax to make sure they would not be reprocessing our
info,
         I also intended to get them to pinpoint which of the products would
be quantified,
         rather than a "where appropriate."     Assuming we proceed with this
proposal,
         someone else will need to do this conversation with ADL Singapore.

         I have forwarded the final proposal to Wayne Garder and Mark and
most other
         interested parties earlier this week.

        NB:   Someone needs to be appointed to contact Simon MacCormac at ADL
and explain
        at least our timing and process for getting back to him, as a
courtesy.   I have not
        replied to his final submission as of now.   See contact info at end
of e-mail.

         For background,  the reason I believe EBS needs this work and sought
a consultant
         proposal is that Pioneer Status is typically awarded  to companies
that make major
         dollar, infrastructure, and job-creation expenditures in
Singapore.   Our business
         model does just the opposite.   So, to be awarded Pioneer Status,
which the EDB is
         very willing to consider us for after many months of persuasion,  I
believe we need to
         help EDB demonstrate what the quantitative spin-off benefits are for
Singapore from our
         developing bandwidth trading here (e.g. increased efficiencies of
capacity utilization,
         effect of lower bandwidth prices on attracting investment).   This
is a job for a  development
         economist teamed with someone who knows about bandwidth trading.
To my mind,
         if ADL cannot produce the bandwidth trading specialist we want, it
might be worth it
         to have one of our experts assigned to liaise with  them, and adjust
the contract
         accordingly to reflect what part we are providing.

         One thing the ADL scope of work does not provide for is the actual
completion of
         the Pioneer Status Application - only the supporting economic
analysis.  That is because it is
         proper for us to be the ones outlining our business plan for
Singapore, rather than
         running that information through ADL and charging its overhead.  The
idea is to get
         ADL to perform the quantitative economic development analysis we
cannot do in-house.

    (d)   Direct contact with EDB on EBS's plans

         EDB (Chelsia Lim ) has this week asked EBS to update her on its
business
         plans for Singapore.    I have made sure Craig Clark will take the
responsibility
         for seeing this is handled.   While a courtesy call is fine, I would
advise
         not to brief her formally until EBS has really decided what our
plans are,
         with staffing, etc.   They have been asking for our plans for a
while, and
         are waiting for some specifics when we have them.

2.    Hong Kong

        We have  2 licenses:   IVANS (value added services) and ETS (external
        telecoms services (includes bandwidth trading).

        There are several documents in draft and clearance which need to be
filed
        under these licenses before we are able to operate in Hong Kong.
        The principal ones are (a)  the system configuration plan,   (b) the
tariff for
        sale and trading of circuits under the ETS license (c) the tariff for
Mediacast
        services under the IVANS license, and (later) (d) a tariff for
VOD/EOD to
        be filed under the IVANS license.

        (a)  status of system configuration plan:

        The plan is done in draft and is being held pending a decision to be
         communicated by Roger Estrada within the next week or two as to
whether
         the Lucent 10G equipment described in the plan will be changed to
other
         equipment.    The HK lawyers  (Michelle Chan of Clifford Chance)
have said
         that if we plan to provide other equipment at the outset, we ought
to just
         wait and send in the correct description rather than revise.   If we
do stick with
         the Lucent equipment , we will also need to revise our orginal
license
         application as well (says Michelle Chan)  to include description of
related
         Cisco equipment that was not mentioned in our orginal license
application.

         When the system configuration plan is done in final, we also need to
         change the listed destination in the diagram from "San Jose"  to
"West Coast
         USA,  Japan, Singapore, and Australia".

         There are two copies of the present draft submission typed on the
OFTA forms.
          I have given one to Craig Clark of EBS to carry back to Houston.
The other
         copy is with Annie Ng in our Singapore office.

         When we know what equipment we are going to be using, Tom Wei needs
to
         revise the diagram and also make the changes in destination referred
to above.
         Other small edits need to be made in Appendix A (see Dec 28 e-mail
referenced
         below).   My successor should review the whole package once more
with Michelle
         Chan in final.    Then the final package needs to be cleared by
Anthony Duenner
         and our EBS lawyers before going to Ken Rice or another qualified
Director of
         our Hong Kong company for signature.   After that it goes back to
Michelle Chan
         for filing with OFTA.

         NB:   See Michelle Chan's e-mail of Dec 28, being repeated
separately, for
                  further information.

       (b)   Tariffs for BWTrading under ETS License

        In December in Houston I worked with Bill White and his staff on a
tariff plan for
        bandwidth trading in HK.   Based on a meeting I had with the
regulator in Hong
        Kong,   we agreed to file pro forma ceiling prices rather than an
entirely new
        and variable system which the regulator insisted we not do.
Ceiling  prices
        were developed and submitted to Michelle Chan for review.

        Along with the prices we are required to submit our Terms and
Conditions.   For
        that I used EBS General Terms and Conditions (GTC's) for trading
obtained from
        Robbi Rossi and Michelle Heard.  Mike Grimes  has a set as well.

        Present status:  Right now a dialogue is under way between Michelle
Chan and
        Robbi Rossi as to whether it is sufficient to file the GTC's alone or
whether
        certain exhibits, service level agreements, and confirmations
referred to in
        the GTC's must also be filed.   There are other questions being
discussed in
        that channel  such as how to handle variations in the terms based on
        commercial dynamics.     All these e-mails will be  forwarded.   Once
these
        issues related to the GTCs are resolved, the tariff for bandwidth
trading should
        be filed, going through Michelle Chan.

        NB:  See Michelle Chan e-mail of 1/09/01 which being forwarded
separately.

     (c)  Tariff for Media Cast under IVANS license:

       I worked with Leroy Ho and Ken Wang in December and we submitted the
main
       part of the Media Cast tariff to Michelle Chan.   However, we still
need to get the
       Terms and Conditions for Media Cast from Robbi Rossi or Michelle Heard
and
       attach them to the tariff diagrams and submit them to Michelle Chan.

       NB:   See my e-mail to Michelle Chan of Dec 21 which being repeated.
       Someone needs to work with EBS legal to get the T and C's for Media
Cast to Michelle
       or to set up direct channel between EBS legal and Michelle Chan as in
       the case of the exchanges on the T and C's for Bandwidth trading
referred
       to above.

      (d)   Overall change of responsibility for EBS Regulatory HK

        Michael,  or whomever will be taking over these responsibilities,
should
        get from Michelle Chan of Clifford Chance Hong Kong a fresh copy of
        Alison Lindsay's letter to Xi Xi of October 2000 stating that we
received
        our licenses and setting forth in detail all of the requirements.
This is the
        master document ("bible") on compliance under our licenses and will
catch any
        detail not included above.   For example:

            - my successor should also file a new form with OFTA,  the Hong
Kong
              regulator (form is included in the attachments to the letter)
naming
              himself the point of contact, replacing me.    Michelle Chan
can forward
              the letter to the regulator.

           -  we will need to be selecting an independent auditor to certify
certain routine
              reports we may need to file in future.   I have not started on
that.

3.    Korea

       Robbi Rossi needs to call Kim and Chang (law firm we use in Korea)
       to authorize them to research and provide advice to us on how to
handle
       the apparent regulatory impediment to Bandwidth Trading in Korea that
       we identified during my November trip.

       Once Kim and Chang starts work on this, someone from regulatory should
       be made available to help guide Kim and Chang on our regulatory
       questions, in coordination with Robbi Rossi.

       The key e-mails are (a) one from me outlining the overall problem and
        some suggestions for dealing with it ;  (b) one from Jan Haizmann
with
        some additional and in some cases alternative suggestions on how
        to deal with it,  (c)  two from Jae Moo Lee in Korea with additional
        points of view.  These will be forwarded.

  4.   Japan

       Our regulatory consultant is Art Yanagawa.   Contact info below.  Mike
Grimes
       and I have been in meetings with him and  Mike is fully briefed to
carry on the
       on-the-ground  part of contacts with Art.   Art also responds to
Donald and
       Roger Estrada and relies on them for guidance and input.

      At some point it should be thought through who should be the point
person
      to manage  this contract and approve payments, or decide to leave things
      as they are with approvals done in Houston.    The present system works
but
      it is not clear to me who is responsible for what.

      Art has prepared the amendment to our Special Type 2  license to add
      service to other destinations.   The latest status was that he was
holding
      the amendment over the holidays while clarifying some points raised by
      Mike Grimes.    Someone needs to be assigned responsibility for
      getting the amendment through.

      General Concern:

      A more general regulatory concern for us in Japan is that our
consultant
      advises us that we cannot use the term bandwidth trading  in
      communications with the government because it is not something
      contemplated in the Telecom Business Law,  so is prohibited if
      stated as we would state it elsewhere.

      We therefore are having to go through elaborate contortions to make
      what we are planning to do actually look like we are doing something
      else.    I admit that I agree with the approach we are taking for now
and
      can offer nothing better for the immediate term.

      However, I would say that long term we are running some risks.    If we
      are going to make Japan  one of the centerpieces of our  Asia EBS
      strategy,   I think we need to consider devoting more full time EBS
      regulatory resources to Japan exclusively.

       The allocation problem is that whatever regulatory resources we apply
       have to focus on  immediate license amendment  and operational
       questions that drive out time to work effectively on long term
       issues such as how to go about amending the Telecommunications
       Business Law  to allow bandwidth trading explicitly.    This would seem
       important to reduce long term risks to our business strategy.

5.    "Digital Divide"

       I had been giving intermittent support to helping Scott Yeager and
Justin
       Cornett of EBS, and Will Reed of Technology for All, figure out how
       to expand the concept of Technology for All to Asia.    The strategy
       was to utilize some of Japan's $15 billion pledge of funds to support
       digital divide activities in Asia - to support the expansion into Asia
of
       the EBS-supported TFA model.    This work will cease unless it can
       be picked up by Laura Lannarone of corporate social responsbility
       or Steve Burns of the DC office.

6.   KEY CONTACTS for operational items in this memo:

(a)   SBO License:  InfoCom Development Authority of Singapore

        (1)  Ms. Fiona Yeo, Asst Dir Competiton  - 211-1824
        (2)  Mr. Andrew Haire - Senior Director Policy and Regulation -
211-1731
        (3)  Ms Hema Ramnani - Manager- Policy   211-1860
        (4)  Ms Aileen Chia, Deputy Director, Economic Regulation - 211-1883
        (5)  Ms Ng Cher Keng, Director, Policy - 211-1828

(b)  Pioneer Tax Status:  Economic Development Board

       (1)  Chelsia LIM - Senior Officer Infocomms and Media - 832-6676
              <chelsial@edb.gov.sg>
       (2)  Bernard NEE -  Head, Infocomms and Media - 832-6964
       (3)  Sean LOW - Senior Officer Infocomms and Media - 832-6260
              <seanlow@edb.gov.sg>
       (4)   LEE Eng Keat - same as above - 832-6006

(c)  Arthur D Little proposal

        (1)  Simon MacCormac - Associate Director
              297-2300
              <maccormac.simon@adlittle.com>

        (2) Peter J Connell - Vice President
               207-2300
             <connell.peter@adlittle.com>

(d)  Hong Kong License filings:

       (1)  Michelle Chan  852-2825-8888
              <michelle.chan@cliffordchance.com>

       (2)  Alison Lindsay
               <alison.lindsay@cliffordchance.com>

        (3)  OFTA:  M.H. Au
               Senior Asst Director (Regulation)
               852-2961-6688
               <mhau@ofta.gov.hk>

(e)  Japan Telecom regulatory consultant to  EBS:

       Art Yanagawa
       81-3-5418-7056
       <arthur@asianet.co.jp>

David

       for example, the option of whether we can break bandwidth trading
functions
       out of the entity


Dial in:		888-869-0374
Conf. #:		8804577
Chairperson:	Greg Curran


Jack,

Here is the file for November.  If you have any questions give me a call.

Robin
x57478


---------------------- Forwarded by Mary Hain/HOU/ECT on 09/05/2000 09:45
 AM
---------------------------

Mary Hain
09/05/2000 09:33 AM

To:   Paul Kaufman/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, James D
      Steffes/HOU/EES@EES, Richard Sanders, Joe Hartsoe@Enron, Mark E
      Haedicke/HOU/ECT@ECT, carrrn@bracepatt.com
cc:   Richard Shapiro, Susan J Mara/SFO/EES@EES, Lysa Akin/PDX/ECT@ECT
Subject:  Open Immediately - Data Request for Bulk Power Investigation

We need to have a conference call about this ASAP.  These are due Friday!
---------------------- Forwarded by Mary Hain/HOU/ECT on 09/05/2000 09:35
 AM
---------------------------

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Michelle Veloso"
 pic14271.pcx) <michelle.veloso@ferc.fed.us>
               09/05/2000 08:57 AM

To:   <mary.hain@enron.com>, <mhain@enron.com>
cc:
Subject:  Data Request for Bulk Power Investigation

Mary:

Attached is a copy of the data request for FERC's Bulk Power  Investigation.
Please consider this e-mail as our official data  request.

As far as the deadline, we'd like to have the information as soon as  possible
but we realize that doesn't give you much time.; As I mentioned,  some of the
information probably won't require much effort, but we are asking
for;specifics
on generators which may take longer.; Just do the best  you can.; Also, if you
find that you have the information in a different  format from the way we've
requested it, that will probably be fine for our  purposes.

Please feel free to call if you have any  questions.

Thanks.

Michelle Veloso
202/208-2008
(See attached file: generators&marketers.wpd)

 - pic14271.pcx
 - generators&marketers.wpd


Brad, I'm hitting tennis balls for a bit over here at the met. When you're ready, why don't you call my cell at 7/303-1297. I have another match at 5:30. BS is calling me left and right - they're interested.
--------------------------
Davis Thames


Suzanne:
Please set up a 1 hour meeting sometime next week with the following folks to
talk about weather issues:
me
sara
Lucy Ortiz
Gary Taylor
Seth Hurwitz

Lucy can help you pick a time that works for her group.  thanks.

carol


claendar
----- Forwarded by Steven J Kean/NA/Enron on 12/11/2000 08:19 AM -----

	Andria Stevens@EES
	12/08/2000 05:41 PM

		 To: Thomas E White/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Robert K
Jones/NA/Enron@Enron, Dan Leff/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, David
Oxley/HOU/ECT@ECT, Karen S Owens@ees@EES, Mark S Muller/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES, Ray Bennett/HOU/EES@EES,
Larry Burton/HOU/EES@EES
		 cc: Karen Owens/HOU/EES@EES, Maureen McVicker/NA/Enron@Enron, Norma
Yeverino/HR/Corp/Enron@ENRON, Kathy Dodgen/HOU/EES@EES, Cathy
Corbin/HOU/EES@EES, Kay Chapman/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES, Leasa
Lopez/HOU/EES@EES, Ruth Ann Brown/HOU/EES@EES, Leslie D
Dever-McCauley/HOU/EES@EES
		 Subject: Friday, December 15, 2000 interview with Kalen Pieper

I have attached the interview schedule/evaluation form and resume for the
Friday, December 15, 2000 interview with Kalen Pieper for the Vice President,
Human Resources position # 106788. Please let me know if this schedule
conflicts with any new appointments, as soon as possible.

Thank you,

Andria Stevens
EES Human Resources


you tell me that you are cheating on me . . . .  interesting

	Enron North America Corp.

	From:  Shanna Husser @ EES                           08/25/2000 08:06 AM

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

FYI-

I am planning on having lunch with a guy that I went to grad school with
today- he is bringing me all the outlines that he used to study for the CPA.
Anyway- just didn't want to not tell you- because then it would seem like I
was trying to hide it.


Matt - Per our conversation today, the following e-mail was sent by Russell
Murrell regarding the impending name change of Midwest Energy Hub, L.L.C.  My
understanding is that we have already bought/sold natural gas in Oklahoma,
Texas, and Louisianna.  The remaining states in his e-mail are potential
future places of business.  I will leave it up to your discretion as to how
you want to pursue registering for taxes in these locales.  I am guessing we
may want to register in those states we have already transacted in.  Please
let me know what you think we should do.

Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 08/21/2000
02:33 PM ---------------------------

Russell E Murrell
08/21/2000 02:19 PM
To: gregg.penman@enron.com
cc:
Subject: Re: MidWest Energy Hub LLC - Name Change to Enovate Energy

We may want to add Arkansas to this list too...

---------------------- Forwarded by Russell E Murrell/Corp/Enron on
08/08/2000 09:51 AM ---------------------------

Russell E Murrell
08/04/2000 11:17 AM
To: Teresa Callahan/Corp/Enron@Enron
cc:
Subject: Re: MidWest Energy Hub LLC - Name Change to Enovate Energy

We will be doing the vast majority of our business in Illinois;  however we
may also transact in Michigan, Indiana, Wisconsin, Iowa, Texas, Louisiana,
Oklahoma, Kansas.

Thanks for your help.  Let me know if you need anything.

Russell
(312) 541-1159


We now have a fully executed Master Firm Purchase/Sale contract between ENA and ENA Upstream. I am forwarding the originals to Gerald Nemec, and he will get a copy sent to you. The confirmation language states that "Any Transaction may be formed and effectuated (i) by a written paper-based Transaction Agreement executed by the Parties...or (ii) in a recorded telephone conversation between the Parties..." Therefore, per Gerald, we can discontinue preparing paper confirmations between the two Enron entities.

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

Thanks,
Judy


Ohh my poor ankle!!  Do you care?


PG&E will announce via press release very early next week an open season on
Redwood, Baja and Silverado.
It comes in direct response to recent announcements of expansions into
California by pipelines.
The bid protocols will be structured similar to original open season from the
original Gas Accord.
The open season will start on June 1 and end on July 31.
Capacity will be available starting 1.1.03.
Bidders will be able to bid up to 30 years (PG&E states that that's what
generators want).
Accompanying the announcement will be another announcement that PG&E will
expand Redwood by 200mmcf/day, which they hope to have available by 1.1.03,
or some time during Q103.
About 2-4 weeks after the open season begins, PG&E will file its proposed
"Gas Accord II,"  (the first one expires end of 02).
As part of that filing, PG&E will offer its proposed ratemaking treatment for
the next five years (beginning 1.1.03).
PG&E will not include in the open season 1) core capacity and 2) certain EAD
contracts that extend beyond the Gas Accord 1 end date.
In addition, PG&E will hold back an additional 20% (after excluding core and
EAD), to be "open-seasoned" at some "future" date.
The capacity to be auctioned is: 1) 900 mmcf/day on Redwood, 2) 245 (annual)
on Baja, plus an additional 200/day in summer on Baja, 3) 155 on Silverado.
How PG&E will market the 20% they intend to hold back, and when they might
auction it off in the future will be discussed in PG&E's Gas Accord II filing.
No single company will be awarded more than 30% of the capacity on any
specific path in the primary open season (though firms can bid whatever level
of capacity they choose).

Please forwad along to anyone else who might be interested.  If you have any
questions, just holler.

Best,
Jeff


Start Date: 4/22/01; HourAhead hour: 5;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042205.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:   4.62 / Final:   4.59)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


There will be a Human Resources Committee meeting on Wednesday, October 25,
from 4:00 - 6:00 p.m. at the Four Seasons Hotel in Houston.  Materials along
with an agenda will be sent later this month.

If you have any questions please contact Linda Auwers at 281-514-1433, or
email Linda at linda.auwers@compaq.com <mailto:linda.auwers@compaq.com>

Thank you.

Barbara Sain
Law Department
(p) 281-514-6021
(f) 281-518-6807


June 16, 2000

Don Nicolson
Forest Oil Corporation

Dear Mr. Nicolson:

Attached for your review is a draft of a Master Firm Purchase/Sale Agreement
between Enron North America Corp. and Forest Oil Corporation.

Please do not hesitate to contact me  with your questions and or comments
regarding the Agreement.
Best  Regards,

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


what do you mean i wasn't doing so hot saturday night?  i thought i was in
great shape.  i was dancing better than menudo.  i was hurting when we left
sat.  i almost puked in my car when i was driving back to houston.  going
back to football games is so much fun, but the drinking kills you.  i haven't
drank that much for that long in a while.  it was worth it.  i am tired
today, but it is nice for everyone to say how we kicked ass this weekend.  i
still can't believe you didn't get tickets.  i had extras.  i could have
hooked you up.  i heard brittney spears was at fred's on sat night.  did you
hear that.  not that i am a fan of hers, i just heard that.  shoot me another
email when you get a chance.

matt


send you the mark report if i want to.  you are reading your e-mails backwards.  i was just being a brat.  i just off of the couch for a few minutes.  hope you are happy.

-----Original Message-----
From: Maggi, Mike
Sent: Mon 11/26/2001 9:49 PM
To: Nelson, Michelle
Cc:
Subject: RE:

what does that mean

-----Original Message-----
From: Nelson, Michelle
Sent: Mon 11/26/2001 9:08 PM
To: Maggi, Mike
Cc:
Subject: Re:

I will if I want to
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Letter looks great -- I am in the process of getting Watson's OK to sign on.
Due to all the emergencies this week, Watson is focusing its comments on the
Bilas PD on the PG&E city-gate price issue (I certainly feel duty-bound to
defend my numbers and analysis!).  Here is a draft, if anyone has time to
review it.

Tom

----- Original Message -----
From: MBD <MDay@GMSSR.com>
To: 'Pocta, Robert M.' <rmp@cpuc.ca.gov>; 'Counihan, Rick'
<rick.counihan@greenmountain.com>; <Jeff.Dasovich@enron.com>; 'John
Burkholder' <burkee@cts.com>; 'Mike Alexander' <alexanms@sce.com>; 'Craig
Chancellor' <craigc@calpine.com>; 'Colin Cushnie' <cushnice@sce.com>; 'Jeff
Dasovich' <jdasovic@enron.com>; MBD <MDay@GMSSR.com>; 'Paul Amirault'
<PaulAmirault@aec.ca>; 'Doug Porter' <porterdk@sce.com>; 'Tom Beach'
<tomb@crossborderenergy.com>; 'Amirault, Paul' <PaulAmirault@aec.ca>; 'Craig
Chancellor, Calpine' <craigc@calpine.com>; 'How-Downing, Lindsey'
<Lindseyhowdowning@dwt.com>; 'Phil Davies, WGSI Calgary'
<PhilDavies@aec.ca>; <jleslie@LUCE.com>; 'Jeff Fawcett, Transwestern'
<jfawcett@enron.com>; 'Michael Rochman' <rochmanm@spurr.org>; 'Rick
Counihan, Greenmountain.com' <counihan@greenmountain.com>; 'Bayless,
David@Utility' <david.bayless@utility.com>; 'Dingwall, Brian@UEM' &
Sent: Friday, December 08, 2000 2:37 PM
Subject: Revised Draft of letter

> Here is the revised draft of the letter to the Commission regarding the
PD.
> Please comment ASAP.  We would like specific authorizations from each
party
> to include their name on the letter, which will be delivered by Mike Day
to
> each Commissioner and distributed to the press.  If you have edits to
> propose.  Please proposed them in a "reply all" note so that everyone on
> this list can react to the changes.  Please respond as soon as possible,
> hopefully by the close of business today.  If you believe you can get
> approval to sign the letter by Monday morning, please advise us of that
fact
> as well and we will wait for you.  Thank you all for your prompt
> consideration of this matter.  Mike Day
>
>
>  <<X19029.DOC>>
>

 - Comments on the Bilas PD in the Gas OIR.wpd


You probably haven't had time to look at the Duke Energy price.  When you get
a chance could you please let me know what the correct price is for May 2000
production.

---------------------- Forwarded by Elizabeth L Hernandez/HOU/ECT on
09/01/2000 07:48 AM ---------------------------

	From:  Stephanie Gomes                           08/30/2000 08:48 AM

To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 5/00 production - Duke Energy

Elizabeth,
Sorry, I can't remember if we had talked about this pricing issue or what.
Were you looking into this issue  for me or was it passed to someone else.
Please see the email below.  I believe the system is pulling in the wrong
price for WAHA.WTX.IF.M.I.. for 5/00 production.  The deal # is 250237.
 I looked at the publication and it shows that the price should be $2.95.
The price of $2.95 plus $1 would equal the price of $2.96 which is what Duke
is
claiming the price to be instead of what we are showing which is $3.95.

Thanks, Stephanie ( 3-6004 )

---------------------- Forwarded by Stephanie Gomes/HOU/ECT on 08/30/2000
08:42 AM ---------------------------

	From:  Stephanie Gomes                           08/28/2000 01:58 PM

To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 7/00 production

Elizabeth,
I have a pricing discrepancy and I was not sure if I send this to you or
Oneil.
It's for Duke Energy, 5/00 production, deal # 250237.  Duke believes our
price is too high.  The system downloaded a price of  $3.95
The price should be WAHA.WTX.IF.M.I. , which is $2.95 for that month.  (
WAHA.WTX.IF.M.I. + 1 ) Duke believes we should have paid them $2.96.
I think the system pulled in the wrong price.  Could you please let me know
if you handle this pricing issue or someone else?

Thanks, Stephanie ( 3-6004 )


TO ALL EIM EMPLOYEES PARKING IN ECS PARKING GARAGE

Please note that there are reserved parking spaces on the 4th floor of the parking garage.  If you park in a reserved parking space your car will be towed.

Thanks.

Marsha


Fundamentals of Corporate Finance - May 24 & 25, 2001
in EB552   Cost:  $700.00

Do need to improve your understanding of Financial Statements?

Do you want to learn how Financial Statements disclosure is linked to Enron
activities?

Are you interested in learning about analysis of projections or
Improving your understanding of ratio analysis?

If your answer is yes, then this class is for you.

For registration, please login and enroll through the InvestInMe website,
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please contact us at 713 853-3057.


Hi Suzanne,

I haven't seen a revised flight schedule from TAP.  Have they made the change
yet?

Thanks,

Kay


CALENDAR ENTRY:	APPOINTMENT

Description:
	Cross Contract Ranking - Tammy Hopkins Conference EB4701

Date:		1/9/2001
Time:		10:00 AM - 11:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


I'm having copies made of the due diligence binders.
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/05/2001 02:44
PM ---------------------------

Fred Mitro@ECT
01/31/2001 08:41 AM
To: Kay Mann/Corp/Enron@Enron
cc: Rusty Stevens/Corp/Enron@ENRON

Subject: SPA- Comments

Kay:

Here are my comments on the draft Kendall SPA:

1.  I assume that we are preparing a separate SPA for Kendall New Century
Development, LLC and Titan Land Development Company, LLC.  I will deliver a
project binder on Titan to your office this morning.

2.  Section 2.1 Purchase Price:  The Purchase Price in the Kendall SPA should
be $3,000,000.00.  The Purchase Price in the Titan SPA should be
$6,000,000.00.

3.  Section 2.2 Termination Date:  I would like to propose March 15, 2001 as
a [Kendall]Termination Date.  If PSEG and ENA can agree on the form of the
document and sign within the next  2-3 weeks, that would leave a 3 week
window prior to the Termination Date.  This seems like plenty of time to
arrange the wire transfer and set-up the transfer of the member interests.
(Do you see any problem with this timeline?).

4.  Section 7.1(b) Purchaser Indemnification:  The agreements states
$3,500,000.  Shouldn't this number be $3,000,000 (equal to the Purchase
Price).

5.  Page A-2:  The Purchaser signature block currently reads Coastal Power
Corporation.  This should read [Purchaser].

 I would like to deliver the Kendall SPA to PSEG as soon as possible.  Please
forward me an [Kendall] electronic version once the changes have been made.
Let me know the timing on a draft SPA for Titan LLC.

Thanks,
Fred


Prebon West

Chris Mallory
I am missing the following deals per Prebon:

1) Enron sells to Mirant 25mw of NP-15 light for April at $175
2) Enron sells to Duke 25 mw of  SP-15 at $245 for  3/2-3/3

Amerex West
All deals checked out fine.

Bloomberg
All deals checked out fine.

Thanks!!


Savett Frutkin Podell & Ryan, P.C. Announces Class Action Lawsuit Against
Azurix Corp.

10/16/2000
Business Wire
(Copyright (c) 2000, Business Wire)

PHILADELPHIA--(BUSINESS WIRE)--Oct. 16, 2000--Savett Frutkin Podell & Ryan,
P.C. hereby gives notice that a class action complaint was filed in the
United States District Court, Southern District of Texas on behalf of a class
of persons who purchased the common stock of Azurix Corp. (NYSE:AZX)
("Azurix" or the "Company") at artificially inflated prices during the period
June 9, 1999 through August 8, 2000 and traceable to Azurix's Initial Public
Offering ("Class Period") and who were damaged thereby.
If you are a member of the proposed Class, you should contact this firm at
the telephone number or address below. If you wish to be appointed lead
plaintiff in this action you must file a motion with the Court no later
December 5, 2000. Class members must meet certain legal requirements to serve
as a lead plaintiff.
If you purchased Azurix common stock during the Class Period or have
questions or information regarding this action or your rights, you may call
or write Barbara A. Podell, Adam Savett or Renee C. Nixon, of Savett Frutkin
Podell & Ryan. P.C. at 800/993-3233 or via e-mail at sfprpc@op.net.
The complaint charges Azurix and certain of its senior officers and directors
with violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933
("Securities Act") and Sections 10(b) and 20 of the Securities Exchange Act
of 1934 ("Exchange Act") and Rule 10b-5 promulgated thereunder.
The complaint also charges Enron Corp. as a controlling person under Section
15 of the Securities Act and Section 20(a) of the Exchange Act. The complaint
alleges that during the Class Period, defendants disseminated to the
investing public false and misleading financial statements and press releases
concerning the Company's publicly reported financial condition and future
prospects.
The complaint further alleges that defendants issued to the public on or
about June 9, 1999, in connection with the Company's initial public offering,
a false and misleading registration statement and prospectus. These documents
touted the Company's primary business strategy - acquiring, owning, operating
and managing large privatization water supply and wastewater projects.
However, through a series of partial disclosures beginning on March 30, 2000
and ending on August 8, 2000, it was revealed that several large
privatization projects were already postponed or canceled at or near the time
of the IPO. As a result of defendants' misrepresentations the price of Azurix
common stock was artificially inflated throughout the Class Period.
Plaintiff seeks to recover damages on behalf of all purchasers of Azurix
common stock during the Class Period. The plaintiff is represented by Savett
Frutkin Podell & Ryan, P.C. which has extensive experience representing
shareholders in class actions and has successfully recovered hundreds of
millions of dollars for defrauded investors and shareholders.
The reputation and expertise of the firm in shareholder and other class
action litigation has been repeatedly recognized by the courts, which have
appointed the firm to major positions in complex class action litigations.

CONTACT: SAVETT FRUTKIN PODELL & RYAN, P.C. Barbara A. Podell Adam T. Savett
Renee C. Nixon Telephone: 215/923-5400 or 800/993-3233 E-mail: sfprpc@op.net
12:12 EDT OCTOBER 16, 2000

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


Christi L Nicolay@ECT
	11/10/2000 03:22 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power
Systems

Please forward this to Rick's group.  Thanks.

Please note that these FERC staff reports contain some potentially helpful
information that can be used at the state PUC level, including information on
the increase in generation in the Midwest that market participants attribute
to lack of price caps following the summer 1998 price spikes; better
preparation for summer 2000 through the use of forward contracts and
transmission problems that may have resulted in keeping cheaper power from
particular markets.

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 06/30/2000
12:11 PM ---------------------------

Regina Blackshear@ENRON
06/21/2000 11:45 AM
To: vblack4538@aol.com, l_carter61@hotmail.com,
sonia_l_castorena@reliantenergy.com, Yolanda Clay<yoclay@flash.net>,
Amber.Ebow@enron.com, Loneta Edison<Loneta.Edison@wcom.com>, Tammy Green
<tcgreen@flash.net>, GRHRDH@aol.com, "BENEDICT
PETERS"<bouncing98@hotmail.com>, rosemary.a.reynolds@usa.xerox.com,
"WhiteBL(Barbara)"<BLWhite@equiva.com>, Angela Barnett/HOU/ECT@ECT, Shirlet
Williams/HOU/EES@EES, Sandra R McNichols/HOU/ECT@ECT, Pamela
Mitchell/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT
cc:
Subject: Fwd: FW: FW: This Is Beautiful.

> >     > I asked God to take away my pain.
> >     > God said, No.
> >     > It is not for me to take away, but for you to give it up.
> >     >
> >     > I asked God to make my handicapped child whole.
> >     > God said, No.
> >     > Her spirit was whole, her body was only temporary.
> >     >
> >     > I asked God to grant me patience.
> >     > God said, No.
> >     > Patience is a by-product of tribulations; it isn't granted, it
> > is
> >     > earned.
> >     >
> >     > I asked God to give me happiness.
> >     > God said, No.
> >     > I give you blessings. Happiness is up to you.
> >     >
> >     > I asked God to spare me pain.
> >     > God said, No.
> >     > Suffering draws you apart from worldly cares and brings you
> > closer
> > to me.
> >     >
> >     > I asked God to make my spirit grow.
> >     > God said, No.
> >     > You must grow on your own, but I will prune you to make you
> > fruitful.
> >     >
> >     > I asked for all things that I might enjoy life.
> >     > God said, No.
> >     > I will give you life so that you may enjoy all things.
> >     >
> >     > I ask God to help me LOVE others, as much as he loves me.
> >     > God said... Ahhhh, finally you have the idea.
> >     >
> >     > If you love God, send this to ten people and back to the person
> > that sent
> >     > it.
>
> Maria T. Holder
> MCAS Miramar Chaplains Office
> 858-577-1333
>


Everyone-
Please use this distribution list to respond to and or send out to --- I
inadvertently screwed up on Dorothy's email but have now fixed it.

My bad,
Delaney :-)


The following expense report is ready for approval:

Employee Name: Michael A. Roberts Jr
Status last changed by:  Automated Administrator
Expense Report Name: Mike Roberts
Report Total: $44.12
Amount Due Employee: $44.12

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Sean may want to go to this.

---------------------- Forwarded by Chris Germany/HOU/ECT on 10/26/2000 12:49
PM ---------------------------

Angie Zeman@ENRON
10/26/2000 12:26 PM
To: Victor Lamadrid/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject: Mid-Atlantic Winter Operations Meeting

Does someone need to go to this?  -AZ

---------------------- Forwarded by Angie Zeman/Corp/Enron on 10/26/2000
12:18 PM ---------------------------

Polly_A._Lynch@DOM.COM on 10/26/2000 08:40:11 AM
To: ddotson@aglresources.com, gguinn@aglresources.com,
kledbett@aglresources.com, bfreeman@aglresources.com, angie.zeman@enron.com,
betty.j.rosensteel@bge.com, diana.g.cooper@bge.com, mark.n.valavanis@bge.com,
ann.p.cunningham@bge.com, john.l.hays@bge.com,
bonnie.fitzpatrick@cesource.com, daughtryd@ci.richmond.va.us,
johnsonrb@ci.richmond.va.us, mgpl@dynegy.com, w_b_miller@fpl.com,
john_r_wood@fpl.com, steve.rose@piedmontng.com, dfmorrison@pepco.com,
dnewton@scana.com, jcagle@scana.com, mrussell@scana.com, cneri@ugi.com,
duane_blackwell@vapower.com, ronnie_fajohn@vapower.com, phil_rosswog@DOM.COM,
robert_white@vapower.com, Paul_G_Nicholes@DOM.COM, bhamilton@washgas.com,
nhickman@washgas.com, acrescioli@washgas.com, sschultz@washgas.com,
diane.nixon@southernenergy.com, andrew.george@southernenergy.com,
michelle.lawrence@southernenergy.com, smith24c@kochind.com,
robbinsc@kochind.com, dianes@woodwardmarketing.com, kathy_s_reeves@ameren.com
cc: Cynthia_C._Ellis@DOM.COM, Jeffrey_A._Davis@DOM.COM,
Daniel_T._Pollack@DOM.COM, Michael_J_Wilhelm@DOM.COM,
Kenneth_R_Skinner@DOM.COM
Subject: Mid-Atlantic Winter Operations Meeting

On behalf of Cynthia Ellis, I would like to invite you to attend the annual
Dominion Transmission Mid-Atlantic Winter Operations Meeting to be held at The
Jefferson Hotel in Richmond, VA on November 14, 2000.  We have scheduled the
meeting to begin at 10:00 am and last until around 3:00 pm.   Lunch will be
provided for you.   In order to appropriately plan for food and beverage
needs,
please let me know by November 7, 2000 if you plan to attend.  I will also
need
to know if you will require a room reservation for the evening of November 13.
You may respond via e-mail or call me at (304)627-3916.  We look forward to
seeing you there!


May 17  Swaps $2,319,102;  Options $1,755,378;  NYMEX Futures $2,292,270;
NYMEX Options -$622,086

May 25  Swaps $4,863,590;  Options $6,598,275;  NYMEX Futures $83,800;  NYMEX
Options -$669,704

May 31  Swaps $5,437,015;  Options -$889,207;  NYMEX Futures $445,410;  NYMEX
Options $84,397

Please call me with any other questions and/or requests at X5-8274.

Errol McLaughlin


How about a practice on Wednesday and a scrimmage with the other UT team on
Thu??  I think that would produce the best results.

	From:  Eric Bass @ ECT                           11/13/2000 10:39 AM

To: Michael Simmons/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron
cc:

Subject: WE HAVE THE TICKETS!!!!!!!!!

Scrimmages are fun and all but we need to practice - several times this
week.  I am serious about these tickets, so I want to practice as much as
possible between now and Saturday.  Let's set something up for tonight and
tomorrow night!
I have asked Chris Gaskill (Ex- UT baseball player) to play, he is going to
let me know ASAP.  So, if either of you know him, give him a call.

Let me know about practice.
---------------------- Forwarded by Eric Bass/HOU/ECT on 11/13/2000 10:35 AM
---------------------------

Michael Simmons
11/13/2000 10:17 AM
To: Stephen Schwarzbach/Corp/Enron@Enron, Eric Bass/HOU/ECT@ECT, Luis
Mena/NA/Enron@Enron, Paul J Broderick/HOU/ECT@ECT, Sarah Goodpastor/Enron
Communications@Enron Communications, Christopher Chenoweth/NA/Enron@Enron
cc:
Subject: WE HAVE THE TICKETS!!!!!!!!!

Major breakthrough, we have 16 tickets.  Now we need to win 'em.  After the
f'''aggies near victory vs. ou, these tickets are now priceless.  Therefore,
we must win at all cost THIS Saturday, the 18th.

The team to date is as follows:

Stephen
Eric
Luis
Paul
Sarah
Myself
Christopher Chenoweth - new addition (recruited away from Webb Jennings' team
at no small cost)

One other unnamed guy (Luis, I need this name).

===

To do:

1.   I need all of you to confirm (by voice or email) that you will be able
to play on Saturday.  If I don't hear from you, I will have to replace you.
If you think there is a chance that you won't make, please contact me ASAP.

2.   We need to deliver $2,000 in donations.  If you haven't started bringing
in donations, please do so immediately.  I have the donation envelopes,
contact me and I'll have one sent to you.

3.  We will have a scrimmage this Wed. or Thurs.  so mark your calender.  I
encourage you all to take whatever steps necessary to see to your physical
preparation for this game.

My extension is 37842.   Home phone is 713-864-6229.

---------------------- Forwarded by Michael Simmons/HOU/ECT on 11/13/2000
09:56 AM ---------------------------

WE HAVE 16 TICKETS FOR THE WINNING TEAM!!!

Thanks to Brandon Houston and the Andersen Consulting team for finding the
tickets!!!!!  Brandon will bring the tickets to the game on Saturday for
distribution to the event winners.

The tickets will cost $560.  Enron will need to pay for half of the tickets.
Ted, please coordinate with Karen Marshall in community relations to have a
check for Brandon.

Thanks everyone!  We are now in excellent shape for the game on Saturday.
Keep collecting those donations this week.  All Enron donation packets
received by Brad Mauritzen by 5pm Friday night will be counted towards the
kick or receive ball option at the game.

Thanks,
Shelly


Debra -

Please prepare a Master Firm draft per the attached.  Send electronic copy to Kim Ward for futher handling to counterparty; please copy me as well.

Thanks,

JRW


Stan would like to offer out the following Rockets' tickets (4 tickets per
game) for preferably business first, then personal use:

Saturday, December 16, @ 7:30PM VS Denver Nuggets
Thursday, December 21, @ 7:30PM VS Los Angeles Lakers
Wednesday, December 27, @ 7:30PM VS Seattle Supersonics
Saturday, January 6, @ 7:30PM VS Utah Jazz
Tuesday, January 16, @ 7:00PM VS Toronto Raptors
Wednesday, January 24, @ 7:30PM VS Philadelphia 76ers
Friday, January 26, @ 7:30PM VS Vancouver Grizzlies

These tickets will be distributed on a first come, first served basis.

Cindy


Goodmorning!  Just wanted to let you know that I talked with Steffes last
night and he said to pull as much together by 3:00 today so that Steve can
review over the weekend (whether documents are complete or not).  Just give
me what you haave by 3:00 today.  Also, I am including 3 reports (BAEF, and
two CERA reports) into the book.  Call if you have questions.
=)


Like I said...I'm in.  What time is "right after work" for everyone?

	Enron Capital & Trade Resources Corp.  From:  Ashleastu@aol.com                           04/19/2001 11:18 AM

To:	Susan.M.Scott@enron.com, kmullen@velaw.com
cc:	Ashleastu@aol.com, Lisa.A.Meador@chase.com, sarahberry819@yahoo.com, jkbowles@hotmail.com, sarah_c_buck@hotmail.com
Subject:	Re: Taster's anyone??!?

i'll meet for a drink right after work! does that sound good to anybody?


Start Date: 3/7/01; HourAhead hour: 20;  HourAhead schedule download failed.
Manual intervention required.


Carolyn,

Please make arrange for distribution to the Delta team.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/09/2001 03:45
PM ---------------------------

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 04/09/2001 03:23:08 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Johnson, Lee L (PS, GE AEP)" <lee.johnson@ps.ge.com>

Subject: Salmon Energy: Consent and Assignment Agreement

Kay:

Here are my comments to the consent and assignment agreement.

Kent

 <<NY003699615_.doc>>

 - NY003699615_.doc


Hunter Shively - I have weather access and I would like to trade power

The remainder of the desk trades gas only


Credit Approval Requested:

Request submitted to CAS for Capacity Approval

Shipper :		Wasatch Energy, LLC
Contract # :		27723
Service Type :	FT
MDQ:			1,200 Dth/d (MDQ increase from 600 Dth/d)
Rate:			No Change
Term:			March 1, 2002 thru May 31, 2002

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com


Please send any comments directly to Peggy.
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/24/2001
07:29 AM ---------------------------

Peggy Mahoney@EES
05/24/2001 12:32 AM
To: James D Steffes/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Vicki
Sharp/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES,
Elizabeth Ivers/Enron@EnronXGate, Mark Koenig/Enron@EnronXGate, Paula
Rieker/Enron@EnronXGate, Evan Hughes/HOU/EES@EES
cc: Max Eberts/HOU/EES@EES

Subject: Draft - Background and Q&A for CA residential customers

Attached is the first Q&A draft.  Please review, add questions, edit, etc.
This will be used as a guide for media and government affairs responses.

Evan/Diann - It needs to be tailored for use as a customer service script.
There are some blanks we could use your help on - noted in blue.

Max Eberts at 58804 and Beth Tilney at 35022 will be the contacts for edits
via email or by phone.  I will call-in when I arrive in Washington at about
1:30pm.

Thanks
Peggy


Hi John:

Miles and Knippa just came back from visiting Kern River and gave me a new
delivery point for this project.  We want to reprice the deal at OPAL.  I am
attaching a small spreadsheet with a one year snapshot of monthly MMBtus for
repricing it.  I would appreciate it if you send me the new gas price as soon
as you get a chance.

Hope everything is going well.

Maria


for what its worth
1. probably need to be very very careful about shifting among or between contracts
2. ecs is not bankrupt..ena is, but may now have dip financing

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Friday, December 07, 2001 7:22 AM
To:	Saunders, James; Cobb Jr., John; Chandler, Bob; Centilli, James
Cc:	Blair, Lynn; Lokey, Teb
Subject:	RE: TW/ENA compressor deal

Lynn, We received a call that indicates Enron Compressor Services is not in Bankruptcy.  The TW gas may need to move on a Enron Compressor Services contract, or we may need to schedule the gas on an ENA receipt contract and cashout the imbalance.  If ENA can not move the gas, the gas that ENA leaves on the system will need to be sold by TW.  Not sure if ENA has a market to move the gas.

The NNG Compressor Services gas is still being scheduled.  2,010 dt/day

James Centilli is working with Mark K. and Greg Porter and may know more.  We need to meet to discuss how this contract goes forward.

 -----Original Message-----
From: 	Fancler, Dan
Sent:	Wednesday, December 05, 2001 2:46 PM
To:	Saunders, James; Cobb Jr., John; Chandler, Bob; Centilli, James
Subject:	TW/ENA compressor deal

Teb Lokey called to discuss the accounting of the gas given to ENA for the Ele compressors.

ENA can not transport the gas TW gives them.

There are a lot of unknowns at this time, I am requesting James Centilli keep us informed of what the new deal will look like.


Based on the conversation we had  at the meeting last Thursday, I am
implementing the following changes to Humble Gas Pipeline and King Ranch Gas
Plant.  If you disagree or feel you had a different understanding than the
items below, please be sure to call me asap.

1. Input HPLC purchase from HPLR Liquids at meter 8793 (HPL/HGPL).  Remove
the 3 Rivers gas from the Interconnect ticket and input on
 the Purchase Deal.

2. Input HPLC sale to HPLR Liquids at meters 9643 (KGPL/HPL) and 12
(KGPL/HGPL).  Remove 3 rivers volumes from the interconnect tickets
 at these meters and input on the sales Deals appropriately.

3. Change swing parameters for the King Ranch contracts to swing on Cage
Ranch before swinging on 3 Rivers Gas.  This will hopefully allow
 the sale for 3 Rivers gas to remain at one meter as much as possible.

I will hopefully have all of these changes made by the end of the day, and
have all contracts repathed.  It is my understanding that we are implementing
these changes effective Feb. 1st.

Stella,  This may or may not effect repathing of the HPLC gas at meter 9643,
based on the swing parameters that you have been using.

Thank you.


This must be change day,  Shoreline would like to change meter 6886 from 490
to 220.  Daily meter  actual show it's been running 398 on the 1st and  2nd
and 6 mmbtu on the 3rd.  looks like it may be falling down.  Let me know
Daren thanks.


Ava, please add Jean Blair to the shift differential for Nov. 1.  It is important that jean is
    working the whole month either 10:00 to 7:00 or Shirley's shift to get the differential.
    Therefore I would not envision Jean being the 6:30 a.m. or 8:30 a.m. person.
    Thanks. Lynn

-----Original Message-----
From: Bryan, Randy
Sent: Monday, October 08, 2001 11:19 AM
To: Blair, Lynn
Cc: Blair, Jean; Bryan, Randy; Callans, Nancy; Washington, Kathy; Barry, Patrick; Wilkens, Jerry; Clapper, Karen; Porter, Diana; Carr, James; Perry, Renee; Walden, Shirley
Subject: RE: North Team Differential Pay

Lynn,
    After further discussion, Jean Blair has volunteered to be the primary back up for Shirley and second evening person.  This will change her shift hours from 10-7 to cover the core evening hours, provide additional support for Shirley, and be able to fill in for Shirley while she is on comp days or vacation.  Will this be acceptable in order for Jean to receive the differential pay for working an evening shift?  Thanks.

-----Original Message-----
From: Bryan, Randy
Sent: Wednesday, August 29, 2001 10:26 AM
To: Blair, Lynn; Kowalke, Terry; Buchanan, John
Cc: Wilkens, Jerry; Callans, Nancy; Washington, Kathy; Clapper, Karen; Porter, Diana; Carr, James; Walden, Shirley; Blair, Jean; Perry, Renee; Bryan, Randy
Subject: North Team Differential Pay

Lynn,
    The team has decided that we only need one primary evening person, which is Shirley Walden.  In the event that Shirley is out of the office, the team will use a rotational schedule between all team members to cover the evening shift.  I have attached a tentative schedule for evening coverage. If you have any questions, please let me know.  Thanks.

Randy Bryan
Market Services Representative
Northern Natural Gas Company
(713) 853-0438


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Vince

One of the tigers

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/05/2001
09:45 AM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 02/05/2001 08:34:26 AM
To: "'vkamins@enron.com'" <vkamins@enron.com>
cc: FAP <FAP@management.wharton.upenn.edu>, "'mvittal@wharton.upenn.edu'"
<mvittal@wharton.upenn.edu>
Subject: addition to Enron-summer internships

Vince:

Please include Ram Vittal to the summer internship list, if you have not
already done so.
According to my count, that make a total of 8 students from the Enron Tiger
Team who have a desire to work with Enron.

Thanks,
Donna

-----Original Message-----
From: Vittal, Maheshram [mailto:mvittal@wharton.upenn.edu]
Sent: Friday, February 02, 2001 10:17 PM
To: 'FAP '
Subject: RE: Call from Enron

Donna:

I had submitted my resume directly to their recruiting office and haven't
heard from them.  I would be very willing to reforward my resume, if
required.

Thanks,
Ram


May need to post TX PUC collateral.

Jim

 -----Original Message-----
From: 	Stubblefield, Wade
Sent:	Thursday, December 20, 2001 11:53 AM
To:	Black, Don; Steffes, James D.
Subject:	Collateral

It is my understanding, as much as anyone knows it today, that between now and January 2, 2002, we do not have to post any collateral or other payments (other than payment for commodity) to keep contracts we want to keep alive.

Dan and Janet are meeing with McMahon today at 2:00 to discuss our overall strategy.  Can you confirm back to me the above comment.

Thanks

Wade


fyi
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/08/2001
01:21 PM ---------------------------
From: Max Eberts@EES on 07/06/2001 07:01 PM
To: Marty Sunde/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Elizabeth
Tilney/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Robert C Williams/Enron@EnronXGate, Steven J Kean/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Evan Hughes/HOU/EES@EES, Tom Riley/Western Region/The
Bentley Company@Exchange
cc:

Subject: UC/CSU press release

Here is the approved press release. UC/CSU added a few more details
concerning the extension of the contract.


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/12/00
Transaction Summary
External Transactions Today	3,853
Average Daily External Transactions (30 day Trailing Avg)	4,363
Total Life to Date Transactions	519,543

EnronOnline Daily % of Entity's Total Transactions for 12/12/00	Trans	Percent
Enron North America	3,139	76%
Enron Europe Limited	186	36%
Global Products	103	24%
Enron Metals	425	14%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,907,809,629
MTD	33,542,282,802
LTD	312,712,699,847
Average Daily Notional Value (30 Day Trailing Avg)	3,421,867,459

Notional Revenue from Physical Flows to Date	20,686,492,328

Counterparties, Users, and Products Offered
Counterparties having transacted to date	607
New Counterparties transacting for the first time today	4
Number of Products Offered Today	1,046
Total Number of External Users Logged on Today	3,256
Average # of External Users logged on (30 day Trailing Avg)	2,979


No Burt Shears in our phone dirctory.  I also tried searching for just "Burt"
and "Bert" and nothing came up with the last name sounding, feeling, looking,
or smelling like a "shears".

"Leah A Moss" <lamoss@duke-energy.com> on 05/15/2001 10:49:54 AM
To: Chris.Germany@enron.com
cc:
Subject: Enron phone #

When you have time can you see if you have a phone number (somewhere at
Enron) for Burt Shears.  A lady I work w/ needs it.   (it is a friend of
hers - I think.) thanks
----- Forwarded by Leah A Moss/Mktg/TETCO/PEC on 05/15/01 10:51 AM -----

                    Vicki S.
                    Acheson              To:     Leah A
Moss/Mktg/TETCO/PEC@PEC
                                         cc:
                    05/15/01             bcc:
                    10:33 AM             Subject:     Enron phone #

Please ask your contact if she can find a phone number for Burt Shears.
Thanks.

Vicki Acheson
Project Director
Texas Eastern Transmission, LP

Phone:  713-627-4611
Fax:       713-989-1613


Rod:  I'm thinking ahead with respect to Enron Corp./Hickerson matters.  A
few current issues include:

(1)  Nogid/Freeland seem to be entering into more equity swaps.  I have asked
that copes of all equity transactions be forwarded to my attention
immediately.  The first order of business includes transacting with the
following parties in the following order:
 1.  Credit Suisse First Boston ("CSFB").  We have an ECT ISDA with Credit
Suisse Financial Products which I believe is the predecessor to CSFB.  Can
you verify?  Do we need to amend or create a new master?
 2.  Bear Stearns (I believe that it will be Bear Stearns International
Limited because equities are done offshore)
 3.  Lehman Brothers Finance S.A.  (you already provided credit)

Please let me know about 1 and 2 above.

(2)  Credit derivatives and distressed loan transactions

On May 18, 2000, I provided you with a list of the types of transactions
originating in Kinneman's group by ECT Investments.  Do these guys ever need
to communicate with credit?  How do you monitor?

Please let me know who I should be speaking with about these transactions.


TO: ENA Vision and Values Committee

Brian Redmond asked that this summary be forwarded to all team members.  I
apologize if you are no longer a member of the ENA Vision and Values Team.
Having just replaced Elisabeth McCabe as head of Public Relations, I am using
the most recent list of team members I can find.

Please contact me, if you are no longer a member of the ENA Vision and Values
Team.  Thanks.

Below summarizes the key points of our May 17 meeting:
>
>Executive Committe Presentation
>    Overall, the initiatives identified in the presentation were
>    well-received by the Executive Committee.
>    Thanks to all of the presenters for delivering a clear and concise
>    message.
>    The final presentation is attached.
>
>P&D
>    Two pilots are planned between now and the end of May.
>    GPG has additional ideas for pilots.
>    The Ad Agency has submitted a marketing and communication plan.  Review
>    of the proposal is underway.
>
>Communication Training
>    The goal of this initiative is to increase the enrollment of
>    participants in the course, Impact and Influence.  Sessions were
>    recently completed in London and Houston.
>    Currently, we are using data received in the Impact and Influence
>    training to develop program design for follow-up training.
>    We have received a proposal from Cognitive Arts for on-line
>    communications training.
>    Once this training rolls out, we'll need all V&V reps and business unit
>    heads to encourage participation of employees to complete the training.
>
>Communication Tools
>    Phase I of the One Enron directory is on target for July 2000.  The
>    basics, name, phone number, functional org chart, title, etc,. are
>    expected to be included in Phase I.
>    Since it is the responsibility of the individual to update the
>    directory, please encourage your business unit employees to populate
>    GIS.  GIS can be accessed from the Enron intranet home page.
>    Currently, the e-mail policy is under review.
>    The second half of 2000 will be spent on raising the level of awareness
>    on the proper use of technology tools.
>    The Technology Showcase is scheduled for Friday, May 19, in the Enron
>    lobby.
>
>Internal Communication Campaign
>    Posters are now in the Houston Enron building and Three Allen Center.
>    We are in process of translating the posters in Spanish and Portuguese.
>    Offices around the world should receive posters over the next 30 days.
>    Interesting facts about Enron will be on practical products throughout
>    the summer.
>    Post-it notes with quotes about Communication will be distributed to
>all
>    employees worldwide in about 2 weeks.
>    Additional post-it notes will be available on the office supply order
>    form.
>
>Excellence Through Communication
>    Please continue to work with your business units to identify action
>    plans to respond to feedback in ETC.
>    Please include employee communication as part of your plan.  We want to
>    be sure that our efforts are tied back to the employee feedback
>received
>    on ETC.
>
>Diversity
>    Dick Leibert asked each business unit representative to identify 10
>    employees to participate in Diversity Focus Groups.  An e-mail
>    explaining the effort and the process will be coming from Dick shortly.
>
>Best Companies Survey
>    The survey from Fortune is coming sometime this summer.
>    Please encourage comments about worklife experiences be shared in the
>    survey.
>    There was a suggestion in the meeting to market our ranking on the list
>    similar to Continental Airlines.  Discussion continues on this idea.
>
>Other
>    We are in the process of pulling together Ken Lay's nomination for
>    Executive Communicator of the Year.


any interest in going to bb game tonight.  crude reunion.  jt, racecar, and me.  tix in HR #70 catching territory.


Maybe Wednesday, 12 Jan?

bs

To: Bryan Seyfried/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT

Subject: Re: EnronCredit.com

Until we have determined a legal structure that works for this trading (e.g.
Chinese walls, public vs. private reference credits, etc.) I would encourage
caution in how far you go with specific names.  Once they are tainted, it may
not be possible to cleanse the situation sufficiently to trade on them for
some time.

When would you like to go to New York to meet with Sullivan & Cromwell?  Let
me know and I will set something up.

Mark

Bryan Seyfried
12/23/99 02:48 AM
To: EnronCredit.com
cc: Credit Trading
Subject: EnronCredit.com

As many of you already know, we have officially embarked on building a
commercial credit trading business based in Europe but globally focused with
trading operations in London and Houston.  We are focused on externally
launching the business by making two way prices on approximately 200 energy
credits in the US, Canada, UK and Nordic markets by 24 Jan. 2000 but we
expect to scale up the number of reference credits that we quote on very
quickly.  The initial names have been selected and provided to the credit
department in both locations for initial review and will be subsequently
distributed to the appropriate trading and origination groups for review
prior to going live.  The intent is to capture as much of the corporate
credit market as possible, as quickly as possible, by leveraging our internal
resources (people, processes and systems especially EnronOnline) and the new
mediums for communication.    To this extent, any ideas that you might have
for getting the eyeballs of potential counterparties please let us know.

This email marks the first of regular updates on our credit trading
initiatives.  We will use this as a mechanism to keep all of you in the loop
as to where we are in the implementation process and solicit your input on
ways to integrate credit products into your existing business models and
customer base.


Per the request of one of your co-workers, can you please update your cell phone information, address,etc. on EhrOnline.  This way peoplefinder will be updated and it will be easier for any one of us to locate you.
If your information is accurate please disregard email.

Thank you,

Daniel Quezada

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